Sammy invested $100,000 at rate 8% compounded annually. After 3 years, the future value of his investment is $125,971.2
Since the interest is compounded annually, it means the number of periods in a year = 1.
The future value formula is given by:
FV = PV ( 1 + r )ⁿ
Where:
PV = present value
r = interest rate per period
n = number of periods
Parameters given in the problem:
PV = $100,000
r = 8% = 0.08
n = 3
Plug these parameters into the formula:
FV = 100,000 ( 1 + 0.08 )³
= 125,971.2
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Problem 3-13 (Algo) Schedules of Cost of Goods Manufactured and Cost of Goods Sold; Income Statement [LO3-3] Superior Company provided the following data for the year ended December 31 (all raw materials are used in production as direct materials): Selling expenses Purchases of raw materials Direct labor $ 219,000 $ 269,000 ? Administrative expenses $ 157,000 $364,000 Manufacturing overhead applied to work in process Actual manufacturing overhead cost $ 353,000 Inventory balances at the beginning and end of the year were as follows: Beginning $ 58,000 Ending $ 33,000 Raw materials Work in process 2 $ 29,000 Finished goods $ 37,000 ? The total manufacturing costs added to production for the year were $680,000; the cost of goods available for sale totaled $725,000; the unadjusted cost of goods sold totaled $663,000; and the net operating income was $32,000. The company's underapplied or overapplied overhead is closed to Cost of Goods Sold. Required: Prepare schedules of cost of goods manufactured and cost of goods sold and an income statement. (Hint: Prepare the income statement and schedule of cost of goods sold first followed by the schedule of cost of goods manufactured.) Complete this question by entering your answers in the tabs below. Income COGS Statement Schedule COGM Schedule Prepare an income statement for the year. Superior Company Income Statement Sales Cost of goods sold Gross margin 0 Selling and administrative expenses: Selling expenses Administrative expenses 0 Net operating income < Income Statement COGS Schedule >
a) The income statement includes the cost of goods sold, selling expenses, administrative expenses, and net operating income.
b) The income statement includes the cost of goods sold, selling expenses, administrative expenses, and net operating income.
c) The COGM schedule calculates the cost of goods manufactured by considering the beginning inventory balances, total manufacturing costs added to production, and the ending inventory balances.
a) Sales: Not provided in the given data.
Cost of goods sold: $663,000 (unadjusted cost of goods sold).
Gross margin: Not provided in the given data.
Selling expenses: $219,000.
Administrative expenses: $157,000.
Net operating income: $32,000.
b) COGS Schedule:
Beginning inventory: Raw materials - $58,000, Work in process - $29,000, Finished goods - $37,000.
Total manufacturing costs added to production: $680,000.
Cost of goods available for sale: $725,000.
Ending inventory: Raw materials - $33,000, Work in process - $?, Finished goods - ?.
Unadjusted cost of goods sold: $663,000.
COGM Schedule:
Beginning inventory: Raw materials - $58,000, Work in process - $29,000, Finished goods - $37,000.
Total manufacturing costs added to production: $680,000.
Cost of goods manufactured: $?,
Ending inventory: Raw materials - $33,000, Work in process - $?, Finished goods - ?.
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Meng Company maintains a $350 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $90 for office supplies, $180 for merchandise inventory, and $30 for miscellaneous expenses. There is a cash shortage of $12. The journal entry to replenish the fund on January 31 is:
If there is a cash shortage of $12. The journal entry to replenish the fund on January 31 is: Debit Office supplies $90, Debit Merchandise inventory $180, Debit Miscellaneous expenses $30, Debit Cash shortage $12, Credit Petty cash refund $312.
Journal entryThe appropriate journal entry to replenish the fund on January 31 is:
Meng Company
January 31
Debit Office supplies $90
Debit Merchandise inventory $180
Debit Miscellaneous expenses $30
Debit Cash shortage $12
Credit Petty cash refund $312
(To record petty cash fund replenishment)
Therefore the entry to replenish the fund on January 31 is: Debit Office supplies $90, Debit Merchandise inventory $180, Debit Miscellaneous expenses $30, Debit Cash shortage $12, Credit Petty cash refund $312.
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WILL GIVE BRAILIEST
Zander is beginning to take college courses to prepare for a career in computer science, which is the study of using logic to create new and improved computer programs. He just finished a class that covered skills for using certain computer programs, but was not required for a degree.
What did Zander take steps to improve by taking this class?
A. career definition and career requirements
B. career requirements and current status
C. current status and intermediate goals
D. intermediate goals and career definition
Answer:
current status and intermediate goals
Explanation:
2. How much was in United Airlines's control, and how much was actually outside their control? What
social
or company factors caused a seemingly common practice to escalate to this level?
3. How did the other airlines or the industry respond to the United Airlines incident?
To ensure that products and services are available for the market, operations management involves carrying out backend business processes including production, inventory management, and quality control. Excellent operations management ensures corporate efficiency, whether it involves a single operations manager or an entire department.
2. United Airlines had full control over the issue because they could have asked for different passengers, offered some incentive to get off the plane, or used other incitements. They shouldn't have taken the path they did, involving the use of force.
The staff's intolerance and arrogance combined with the lack of a clear directive from the top regarding how to handle these kinds of events caused the incidence to accelerate to the observed level.
3. The other airlines, businesses, and consumers were humiliated by this incident in addition to being shocked by it. For the incident, United Airlines received harsh criticism. As a result, United Airlines' shares likewise fell precipitously. In addition, the CEO of the airline received criticism at the same time.
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what technique is recommended to help get to the core of the problem a company is facing?
One technique that is often recommended to help get to the core of a problem a company is facing is root cause analysis.
Root cause analysis is a systematic approach used to identify the underlying causes or factors that contribute to a problem or issue company.
The process typically involves the following steps:
1. Define the problem: Clearly articulate and understand the problem or issue that needs to be addressed.
2. Gather data and facts: Collect relevant data, facts, and information related to the problem. This can involve analyzing reports, conducting interviews, reviewing documentation, and examining processes.
3. Identify potential causes: Brainstorm and generate a list of potential causes that could contribute to the problem. This step involves exploring various possibilities without prematurely focusing on a single cause.
4. Analyze causes: Evaluate and analyze each potential cause to determine its likelihood of contributing to the problem. This can involve using tools such as cause-and-effect diagrams (also known as fishbone or Ishikawa diagrams) to visualize the relationships between causes and effects.
5. Determine the root cause(s): Narrow down the potential causes and identify the underlying root cause(s) that are most likely to be the primary drivers of the problem. This involves eliminating less likely causes and focusing on those that have the highest impact.
6. Develop solutions: Once the root cause(s) have been identified, brainstorm and develop potential solutions or ive actions to address the underlying issues and mitigate the problem.
By using root cause analysis, companies can move beyond addressing symptoms and instead focus on addressing the fundamental causes of problems. This approach helps in developing more effective and targeted solutions, leading to long-term improvement and prevention of recurring issues.
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what would be the best leadership strategy for a giver
Answer:
depends on the situation give me a strategy and ill give you why it would be the best
What are the importance of training for all types of occupations?
Answer:
Hi
Explanation:
It helps to imvrove your skills in order to move forward and it also gives opportunities to know better something you want
Thank you
What do you call when an individual reports wrongdoing in an organization?
The answer is Workplace whistleblowing, when an individual reports wrongdoing in an organization its called Workplace whistleblowing.
What is the meaning and definition of an organization?An organization is a group of people who cooperate, such as a firm, neighborhood association, charity, or union. The term "organization" can be used to describe a person, a group, a company, or the process of creating or developing anything.
What is a management example of organization?Examples of this type of organizational structure include insurance corporations, engineering companies, law firms, regulatory bodies, etc. In other words, businesses that require sporadic technical assistance for personnel managing or handling front-line staff's daily tasks.
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A trader can close a short in-the-money option for $0.10. An option with a longer expiration could be sold for $0.85. The potential credit for rolling is $____,without considering commissions and fees.
To calculate the potential credit for rolling, we need to subtract the cost of the short option from the credit of the longer option. In this case, the cost of the short option is $0.10 and the credit for the longer option is $0.85. So, the potential credit for rolling is $0.85 - $0.10 = $0.75, without considering commissions and fees.
It's important to note that when considering trades, commissions and fees should always be taken into account as they can significantly impact the profitability of the trade. For example, if the trader is charged a commission of $0.05 per contract, then the potential credit for rolling would be reduced to $0.70 ($0.85 - $0.10 - $0.05). Ultimately, the decision to roll a position will depend on the trader's individual strategy and risk tolerance. Rolling a position can be a useful tool for managing risk and adjusting a trade as market conditions change, but it's important to carefully consider the potential costs and benefits before making any trades.
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which of the following terms is defined as the potential of gaining or losing something of value? question 10 options: a. risk b. redundancy c. liability d. certainty
Risk is described as the possibility of acquiring or losing anything of value in the following words. Option a is Correct.
The possibility of acquiring or losing something valuable is known as risk. Values can be earned or lost by taking a risk as a result of a specific action or inaction, expected or unforeseen. These values include ones related to one's physical health, social standing, emotional well-being, or financial prosperity.
The sum of a security's nondiversifiable, diversifiable, systematic, and unsystematic risks is the security's total risk. It is possible to approach the empirical measurement of beta by utilising least-squares regression analysis to get the regression coefficient (bj) in the equation for the slope of the "characteristic line." Strategic alliances don't include joint ventures, for instance. The two businesses continue to exist as independent entities in a strategic relationship. Option a is Correct.
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What are capital gains on an investment?
Capital gains are profits on an investment. whilst you sell investments at a higher price than what you paid for them, the capital gains are "found out" and you will owe taxes on the amount of profit.
Capital gain and different investment earnings range based on the source of the profit. Capital gains are the returns earned while an investment is bought for more than its purchase price. Funding earnings is take advantage of interest payments, dividends, capital profits, and another earnings made through an funding vehicle.Capital profits taxes follow only to “capital assets,” which include stocks, bonds, rings, coin collections, and actual estate. long-term gains are levied on profits of investments held for extra than a yr. quick-term gains are taxed on the person's regular income tax fee.
Subtract your foundation (what you paid) from the found out quantity (how an awful lot you offered it for) to determine the difference. if you sold your assets for more than you paid, you have a capital benefit. if you bought your assets for less than you paid, you have a capital loss.
Examples include a domestic, personal-use items like family furnishings, and stocks or bonds held as investments. when you promote a capital asset, the difference between the adjusted basis in the asset and the amount you realized from the sale is a capital gain or a capital loss.
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Your Paychecks Add up your net pay to calculate how much money you have for your monthly budget. Paycheck 1 $890 Paycheck 2 $880
A customer purchases stock for $40 per share and holds it for 1 year, selling it for $50 per share exactly 12 months after the date of purchase. Four quarterly qualifying dividends of $.50 were paid during the year. If the customer's tax bracket is 30%, what is the after-tax rate of return?
Answer:
24.75%
Explanation:
the customer will be taxed in two different rates:
long term capital gains = $50 - $40 = $10 per stock x (1 - 15%) = $8.50
interests are taxed as normal income = (4 x $0.50) x (1 - 30%) = $1.40
total after tax gains = $9.90
after tax rate of return = $9.90 / $40 = 0.2475 = 24.75%
Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
Planning documents are delivered in this phase of the program life cycle: Select one: a. Program definition b. Initiating c. Program delivery d. Planning
Planning documents are delivered in the planning phase of the program life cycle. The correct option is d.
In this stage, a project plan is created, which outlines the goals, objectives, timeline, and resources required for the program.
Program planning is a vital stage in the program life cycle that ensures that the program is set up for success from the start. This stage entails the creation of a comprehensive plan that includes the following:
1. Definition of program goals and objectives
2. Creation of a detailed timeline for the program
3. Assessment of required resources and acquisition of these resources
4. Establishment of a program governance structure
5. Development of a communication plan for stakeholders
6. Definition of program risks and creation of a risk management plan
7. Creation of a program budget that details the anticipated costs of the program The program plan serves as a guide for the implementation of the program.
By creating a detailed plan at the outset, stakeholders have a clear understanding of the program's goals, objectives, and expectations.
The plan helps to ensure that resources are allocated appropriately and that there is a shared understanding of the program's requirements and timeline among all stakeholders involved.
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HELP PLEASE!!!!!! You have been asked to suggest ways to improve the economy of a small island nation. There is a thriving tourist industry already, with plenty of hotels, restaurants, and other attractions. When you suggest establishing more manufacturing, the president is concerned that factories will discourage tourism. Nearly 75 percent of the workforce is having some type of service job, which means that many of the nation's citizens wouldn't be qualified to work in the modern plants you suggest. He fears disruptions to the economy. To make the proposal more compelling, which of the following arguments might be the most persuasive?
For every 80 service employees, there should be no more than 20 manufacturing employees.
For every dollar of manufacturing sales, the gross national product will increase $1.25.
For every 6 existing hotel or casino, you will build 1 factory.
For every 20 manufacturing workers, you will outsource 5 jobs.
What are the board directors in charge of
Answer:
The board of directors is elected to represent shareholders' interests
Explanation:
Every public company must have a board of directors composed of members from both inside and outside the company. The board makes decisions concerning the hiring and firing of personnel, dividend policies and payouts, and executive compensation. hope this helps you :)
Which of the following statements is correct?
A. The WACC measures the before-tax cost of capital.
B. An increase in the firm's marginal corporate tax rate will decrease the weighted average cost of capital.
C. Flotation costs can decrease the weighted average cost of capital.
D. None of these statements is correct.
Your company manufactures 72 hr. emergency kits and sell them for a low profit margin. You want to expand your customer base to increase your sales volume, but you have a limited budget.
What marketing method would be the best choice?
When the company would want to increase its sales volume but have a limited budget, the marketing method that would be best to choose is social media.
What is social media marketing?Social media marketing refers to the use of social media platforms to promote a brand and sell a product or service. If the business comes out with a new item and we plan to promote the launch on social media, that is called social media marketing. If we interact with our customers via comments, that’s social media marketing.
Moreover, if we create engaging content that showcases the brand’s values and story, that is also called social media marketing.
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Suppose you have been assigned as the head of a problem solving
team discuss how would you establish the principles of team
communication for building a high performing team to handle
difficult conver
As the head of a problem-solving team, you will need to establish the principles of team communication to build a high-performing team to handle difficult conversations.
Here are some ways to do that:
1. Foster Open Communication: Encourage team members to share their thoughts, ideas, and concerns freely. This can be accomplished through team meetings, brainstorming sessions, and other collaborative activities.
2. Establish Clear Goals and Expectations: Make sure everyone understands the goals and expectations for the project. This can be accomplished by creating a project charter or other documentation that outlines the project objectives, scope, and deliverables.
3. Encourage Active Listening: Active listening is a key component of effective communication. Encourage team members to listen to each other and ask clarifying questions to ensure that everyone is on the same page.
4. Build Trust: Trust is essential for effective team communication. As the team leader, you can build trust by being transparent, keeping your promises, and treating team members with respect.
5. Foster a Positive Team Environment: A positive team environment can improve communication and productivity. Encourage team members to be supportive of each other and celebrate successes together.
6. Use Collaboration Tools: There are many collaboration tools available that can improve team communication. For example, project management software can be used to track progress, assign tasks, and communicate with team members.
If you establish these principles of team communication, you can build a high-performing team that is equipped to handle difficult conversations.
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The __________ is the physical environment and the natural resources that are needed as inputs by marketers or that are affected by marketing activities.
The answer is "ecological environment." . It refers to the physical surroundings and natural resources that are utilized by marketers as inputs for their products or are influenced by marketing activities.
The ecological environment plays a crucial role in shaping marketing strategies and decisions. It encompasses factors such as land, water, air, forests, wildlife, and other natural resources that are necessary for the production, distribution, and consumption of goods and services. Marketers rely on these resources as inputs in various industries, including agriculture, manufacturing, energy, and tourism.
Furthermore, marketing activities can have a significant impact on the ecological environment. For example, the extraction of natural resources, production processes, packaging materials, transportation, and waste management practices can all contribute to environmental degradation or conservation efforts. As a result, marketers need to consider the ecological consequences of their actions and strive for sustainable practices to minimize negative impacts and preserve the natural environment.
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What is the interest on a $4,500 note payable that is due in 3 months with a rate of 9%?
The interest on $4,500 note payable that is due in 3 months with rate of 9% is $101.25.
What is note payable?A note payable refers to a written agreement between a borrower and a lender that outlines the terms of a loan. It is a promise to pay back the borrowed amount along with any interest or fees within a specified time period. Note payable is a type of liability for the borrower, and it appears on the balance sheet as a current or long-term liability, depending on the repayment period. The repayment terms can vary, including interest-only payments, equal payments, or a lump-sum payment at maturity. Note payable is commonly used for short-term loans, such as bank loans, or for long-term loans, such as mortgages. It is important to carefully review and understand the terms of the note payable before agreeing to it, as failure to meet the repayment terms can result in serious consequences.
Principal = $4,500
Rate = 9% (or 0.09 as decimal)
Time = 3/12 (or 0.25 as decimal, since 3 months is quarter of year)
Interest = Principal x Rate x Time
Interest = $4,500 x 0.09 x 0.25
Interest = $101.25
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Discuss about the main types of fish available in Nepal.
Answer:
There are many types of fish in nepal but and seven of the major types are:-Mola carplet (Amblypharyngodon mola)
Mola carplet (Amblypharyngodon mola)Bighead carp
Mola carplet (Amblypharyngodon mola)Bighead carp Jaya or Mara
Mola carplet (Amblypharyngodon mola)Bighead carp Jaya or Mara Aspidoparia morar
Mola carplet (Amblypharyngodon mola)Bighead carp Jaya or Mara Aspidoparia morarBarred baril
Barnaby baril
Hamilton's barila
Explanation:
I am sure to will get 6 marks out of 6 marks if you submit this answer!
Which of these business processes can be automated using RPA?
Your sales team can save time by using an RPA solution to automate sales entries and generate invoices for clients, verify customer data, and keep the database as tidy as possible.
Which kinds of procedures should RPA automate?Bookkeeping, cross-section invoicing, and expense management are typical processes that RPA developers anticipated would be automated.
What are the three RPA types?There are 3 significant sorts of mechanical interaction mechanization: hybrid RPA, attended automation, and unattended automation
Which processes are able to be automated?Power Automate offers two primary types of automation: Digital process automation based on APIs: Clouds move. RPA, or user interface-based robotic process automation, desktop functions.
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How can you change your city
Answer:
cleaning up trash off the side of the road...
Complete the following sentence.
During the interview, be sure to be
During the interview be sure to be prepared.
Answer:
Positive
Explanation:
an enterprise resource planning (erp) system ________.
Answer:
Enterprise resource planning (ERP) is a type of software system **that helps organizations automate and manage core business processes for optimal performance.**Explanation:
if it helped uh please mark me a brainliest :))Imagine you’re working on an important project at work. You’re writing some content about space exploration for your client. Your client has promised to send you a list of approved encyclopedias or reference books that you can use for your article. However, you haven’t received it yet. Write an email asking the client to provide you with the list. Remember to follow the email etiquette you learned in this lesson: Address your recipient by name. Mention the subject of the mail in the subject line. Clearly state the purpose of your email in the first sentence. End with an appropriate complimentary close. Make sure that your language is formal and professional.
Answer:
Subject: Request List: Approved Reference Books for Space Exploration Article
Dear Mr. Jackson,
I am writing to request you to email me the list of approved reference books for the space exploration article. We had discussed some tentative suggestions in our previous meeting. We are a bit behind schedule with writing the article. The reference book list will be a great help to us. Thank you for your time in considering this request.
Sincerely Yours,
Janice Collins
Head Writer
Star Communications
2563 Maple Road
Sunny City, CA 4523
Tel: (123) 456-7890
THIS IS THE EXAMPLE ANSWER!
Cindy Haskins is paid $9.00 an hour. Her overtime rate is 2 times (double time) her regular hourly rate. This week Haskins worked her regular 40 hours plus 8 hours of overtime. What is her total pay?
Her entire compensation is $504.
The term "total pay" means what?Total Pay is the sum of a worker's regular straight-time pay or base salary plus any additional wages received for overtime, shift differentials, incentive pay, bonuses, and other special payments.
The following formula will be used to determine Cindy Haskins' total compensation:
Hourly Payment per hour= $9.00
Hours worked= 40 hours
Payment = 40 X 9 = $360
Overtime payment per hour = $9.00 X 2= $18
Overtime = 8 hours
Payment = 18 X 8= $ 144
Total Payment= $360 + $144= $504
How do you figure up total pay?The number of hours worked multiplied by the hourly wage of an employee is how gross wages for hourly workers are determined. For instance, if a worker does 25 hours per week of part-time employment at a wage of $12, their gross compensation would be $300 (25 x $12 = 300).
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which wheel settings change when you mount the subframe incorrectly in the transverse direction? Check all that apply
TOE
CAMBER
STEERING AXIS INCLINATION (SAI)
CASTER
The wheel settings that change when you mount the subframe incorrectly in the transverse direction is "CASTER" (Option D)
What is Caster?Caster is the process of aligning a wheel with the direction of travel, which can be performed by caster displacement or caster angle. As with the front wheels of a shopping cart, caster displacement shifts the steering axis forward of the axis of wheel rotation. The steering axis is moved away from the vertical by the caster angle.
The caster angle, also known as the castor angle, is the angular displacement of the steering axis from the vertical axis of a steered wheel of a car, motorbike, bicycle, another vehicle, or watercraft as seen from the side.
Positive caster enhances the responsiveness of your vehicle while negotiating bends and the stability of your car when going at greater speeds. The sole disadvantage of a positive caster is that it increases the amount of effort required to steer your car.
Turning plates and a digital or bubble camber/caster gauge are the two most common methods for measuring caster angles. Measuring the upper and lower wishbone mounting points or the MacPherson strut angle.
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