Zisk Co. purchases raw materials on account Budgeted purchase amounts are April, $80,000, May, $110,000, and June, $120,000. Payments are made as follows: 70% in the month of purchase and 30% in the month after purchase. The March 31 balance of accounts payable is $22,000. Prepare a schedule of budgeted cash payments for April, May, and June. (I need ending accounts payable)
Answers
Answer:
A schedule of cash payments for April, May, and June is prepared.
Explanation:
The following image shows the calculation and explanation of the cash payment schedule.
Related Questions
What type of business organization generates the most total sales? General partnership Corporation Sole proprietorship O Partnership O Cooperative Previous?
Answers
Answer:
d
Explanation:
The Corporation business organization generates the most total sales. Option B is correct
What is a CorporationCorporations generally generate the most total sales due to their scale and reach. They have the ability to raise funds publicly through the sale of stocks, which allows them to grow and expand more quickly than other types of business organizations.
In addition, corporations are typically larger in size and have greater resources, allowing them to generate higher sales volumes. They often operate across multiple markets and regions, both domestically and internationally, further contributing to their high total sales.
Hence option B corporation generates the most total sales
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Horizontal Analysis of Income Statement For 20Y2, McDade Company reported a decline in net income. At the end of the year, T. Burrows, the president, is presented with the following condensed comparative income statement:
McDade Company Comparative Income Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 Sales $ 16,800,000 $ 15,000,000 Cost of goods sold (11,500,000) (10,000,000) Gross profit $ 5,300,000 $ 5,000,000 Selling expenses $ (1,770,000) $ (1,500,000) Administrative expenses (1,220,000) (1,000,000) Total operating expenses $ (2,990,000) $ (2,500,000) Operating income $ 2,310,000 $ 2,500,000 Other revenue 256,950 225,000 Income before income tax expense $ 2,566,950 $ 2,725,000 Income tax expense (1,413,000) (1,500,000) Net income $ 1,153,950 $ 1,225,000
1. Prepare a comparative income statement with horizontal analysis for the two-year period, using 20Y1 as the base year. Use the minus sign to indicate an amount or percent decrease. If required, round percentages to one decimal place.
2. To the extent the data permit, comment on the significant relationships revealed by the horizontal analysis prepared in (1).
Answers
1. The calculation of the horizontal analysis of McDade Company's Comparative Income Statement for the Years Ended December 31, 20Y2 and 20Y1 is as follows:
20Y2 % 20Y1 %
Sales $16,800,000 112% $ 15,000,000 100%
Cost of goods sold (11,500,000) 115% (10,000,000) 100%
Gross profit $ 5,300,000 106% $ 5,000,000 100%
Selling expenses $ (1,770,000) 118% $ (1,500,000) 100%
Administrative expenses (1,220,000) 122% (1,000,000) 100%
Total operating expenses $(2,990,000) 120% $(2,500,000) 100%
Operating income $2,310,000 92% $2,500,000 100%
Other revenue 256,950 114% 225,000 100%
Income before income tax expense $2,566,950 94% $2,725,000 100%
Income tax expense (1,413,000) 94% (1,500,000) 100%
Net income $ 1,153,950 94% $ 1,225,000 100%
The calculation of the Trend Analysis, with two examples is as follows:
Sales = 112% ($16,800,000/$15,000,000 x 100%)
Cost of goods sold = 115% ($11,500,000/$10,000,000 x 100%)
2. The significant relationships revealed by this horizontal analysis showed that sales revenue and gross profit increased by 12% and 6% respectively from 20Y1's figure, this increase did not translate into increased net income. Instead, the net income decreased by 6% in 20Y2 as a result of increased operating expenses, which witnessed a 20% increase.
Thus, The horizontal analysis of McDade Company's comparative income statement involves the calculation of percentage changes from 20Y1 to the 20Y2. The dollar amount changes can also be calculated.
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We may request personal information when you register to receive additional information ________ our products and services.
A. regards
B. regarded
C. regarding
D. regarding to
Answers
Answer:
D) Regarding to
20 points to anyone willing to help
Abdul works as a regulator at the Bureau of Consumer Protection. His agency makes sure that consumers are treated fairly. What task might be part of Abdul's job at his agency?
Question 6 options:
drawing up ideas for the new city park
drafting a proposal for the state government budget
recording information about a fraudulent business
meeting with heads of state to discuss trade
Answers
Answer:
it's the second to last one "recording information about a fraudulent business "
Answer:
the answer is c
Explanation:
Rita, a single mother, has three children, Luis (7), Perry (10), and Alexis (17). Rita's adjusted gross income is $64,000, and her 2020 tax liability is $5,204. All three children are Rita's qualifying child dependents. What is the total of Rita's Child Tax Credit and Credit for Other Dependents
Answers
In the year 2020 and based on Rita's AGI and number of children, she will have a Child Tax Credit and Credit for Other Dependents of $4,500.
A single person in 2020 with an AGI of less than $200,000 was allowed to claim a child tax credit of $2,000 per child under 17 and a credit for other dependents of $500 for those aged 17 - 18.
This means that Rita will get $2,000 for Luis and Perry, and $500 for Alexis:
= 2,000 + 2,000 + 500
= $4,500
In conclusion, Rita's tax credit would be $4,500.
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hey if u looked on my other post just go to ur notifacations to see
u have to accept the message request
Answers
Which type of savings plan offers the lowest interest rate?
O A. Checking account
O B. Savings account
O c. Certificate of deposit
O D. Money market account
Answers
Answer:
Answer to your question is savings account.
Explanation:
A savings account provides the lowest interest rates.
The Savings account type of savings plan offers the lowest interest rate.
What are accounts?Accounting is not pure mathematics. Simple multiplication, division, and addition are involved. There might be a little elementary algebra, but that's it. You are not required to comprehend calculus.
For accountants, mathematics is a crucial tool. Accounting professionals who possess a strong mathematical foundation can conduct financial analysis and make wise decisions at work. Accounting professionals must be able to understand and apply mathematical ideas like geometry, algebra, and statistics.
The interest rates on basic bank savings accounts are the lowest, typically less than 1%. They have few limitations on how you can access your money, and typically there are no minimum balance requirements. These accounts connected to physical banks can also be accessed online.
Therefore, Thus option (B) is correct.
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When assessing whether product release deadlines were met during the first three months of the year, the quality assurance (QA) team noted that they were late 23 percent of the time. During that time, the team had hired two new specialists. The team immediately assessed their processes, including that of approving lot records, a required step to ensure that each lot met product requirements, which then triggered a product release. They found that the new QA reviewers were slow to make decisions because of lack of experience and knowledge. Which statement best explains why analyzing the lot record process and identifying the major constraint for product release was helpful to the QA director so she could take action to improve?a. Knowing what the constraint was helped the QA director to watch deadlines more closely as she is the one responsible for meeting them.
b. Analyzing the root cause of the delays helped the QA director alert the new specialists that their work was not acceptable.
c. Understanding what went wrong helped the QA director rethink her hiring policy and process so she could identify stronger candidates.
d. Identifying the constraint informed the QA director of the need for increased training for the new specialists.
Answers
Identifying the constraint declared the QA director the requirement for increased training for the unique specialists. This statement best describes why investigating the lot record operation and identifying the major constraint for product release existed useful to the QA director.
Who is a QA director?Quality assurance or QA director creates sure high-quality products exist delivered on time and within budget. The role manages all the systems, processes, and enterprises that alleviate quality issues. Directors work with internal partners whose obligations connect to compliance and production. The Head of Quality Assurance assumes ownership of the department's performance as well as obligation over the resolution of technical issues and debugging movements of the business's software/products.
Therefore, the (d) option exists as the correct answer.
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Identify the type of social responsibility discussed in the case with regard to
responsibility towards the environment. Explain with reason.
Answers
Corporate social responsibility (CSR) is the idea that a business has a responsibility to the society that exists around it, according to the online course Sustainable Business Strategy. Firms that embrace corporate social responsibility are typically organized in a manner that empowers them to be and act in a socially responsible way. It’s a form of self-regulation that can be expressed in initiatives or strategies, depending on an organization’s goals. Exactly what “socially responsible” means varies from organization to organization. Firms are often guided by a concept known as the triple bottom line, which dictates that a business should be committed to measuring its social and environmental impact, along with its profits. The adage “profit, people, planet” is often used to summarize the driving force behind the triple bottom line.
what business you want to stablish in the future ? why ?
Answers
Answer:
Business I want to stablish in the future is a store.
Explanation:
Because many people buy in a store.
Rachel's Recordings reported net income of $240,000. Beginning balances in Accounts Receivable and Accounts Payable were $19,000 and $22,000 respectively. Ending balances in these accounts were $8,500 and $28,000, respectively. Assuming that all relevant information has been presented, Rachel's net cash flows from operating activities would be: ____________
a. $240,000.
b. $250,500.
c. $256,500.
d. $223,500.
Answers
Based on Rachel's Recording net income and Account Receivables and Payables, the net cash from operating activities must be c. $256,000
When calculating net cash from operating activities:
Increases (decreases) in Accounts Receivables are deducted (added) from the net income Decreases (increases) in Accounts Payable are deducted (added) from net incomeThe net cash from operating activities will therefore be:
= 240,000 + (19,000 - 8,500) + (28,000 - 22,000)
= 240,000 + 10,500 + 6,000
= $256,500
In conclusion, the net cash from operations is $256,000
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buying Fisher Industries, which has earnings per share of $1.50, 3.5 million shares outstanding, and a share price of $15. Brutus will pay for Fisher by issuing new shares. There are no expected synergies from the transaction. If Brutus pays no premium to acquire Fisher, what will the earnings per share be after the merger
Answers
If Brutus buys Fisher with new shares and with no premium, the new earnings per share after the merger would be $2.94
Brutus currently has 5 million shares which are valued at $32 for a total worth of:
= 5 x 32
= $160,000,000
Fisher has 3.5 million shares valued at $1.50 for a total worth of:
= 1.5 x 3.5
= $5,250,000
The shares to be issued can be found as:
= Share price of Fisher / Share price of Brutus x Fisher shares
= 15 / 32 x 3.5 million shares
= 1,640,625 shares
The total number of shares are now:
= Brutus shares + Shares issued to acquire Fisher
= 5 million + 1,640,625
= 6,640,625 shares
The new EPS would be:
= (Earnings of Brutus + Earnings of Fisher) / Number of shares
= ( (3 x 5 million) + (1.50 x 3.5 million)) / 6,640,625
= $2.94 per share
In conclusion, the new EPS is $2.94
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what sources could be used to evaluate performance of people working in the following jobs:
Sales representative
TV repairer
Nursing Director at Hospital
HR Manager
Air Traffic Controller
Answers
Sources could be used to evaluate the performance of people working in the following jobs?
The correct answer is Option A. Sales representative
What are the duties of a sales representative?Sales reps are responsible for selling products and meeting customer needs while receiving orders from existing or potential retailers. They ensure that customers are satisfied and properly cared for at the time of purchase. This allows you to set up a new account for your employer.
This job requires impeccable soft sales skills such as strong communication skills, organizational skills, and problem-solving skills, as well as deep technical knowledge of products, businesses, and industries.
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Question 56 of 75. Louise is a 29-year-old taxpayer who will use the head of household filing status. Her 2020 modified adjusted gross income is $48,000. During the year, she made a $1,500 contribution to her employer's 401(k) plan. She has never taken a distribution from any retirement plan. The maximum amount Louise may receive for the retirement savings contributions credit (Saver's Credit) is:
Answers
Considering the situation described above, the maximum amount Louise may receive for the retirement savings contributions credit (Saver's Credit) is "$150."
This is because according to the Internal Revenue Service regulations, for individuals filing under the head of household filing status, with an adjusted gross income of $31,876 - $48,750, such person would only be able to receive 10% of his retirement savings contributions credit (Saver's Credit).
Therefore, Louise has only contributed $1,500 to her employer's 401(k) plan. Consequently, she can only receive 10%, which is "$150."
Hence, in this case, it is concluded that the correct answer is "$150."
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Write four elements of economic objectives of business ?
Answers
Answer:
the person above this is correct
Internet domain names are linked to trademark issues. Technology makes it easy to copy and distribute music and movies without paying royalties. Business conducted on the internet raise security and privacy issues. What legal concerns are raised by these issues
Answers
Considering the situation described above, the legal concerns raised by these issues are "Piracy."
What is Piracy?Piracy is a term used to describe the unauthorized use or reproduction of another person's work.
Given that the issues above were centered on trademark, royalties, and privacy issues relating to works on the internet, this is an example of Piracy issues.
Hence, in this case, it is concluded that the correct answer is "Piracy."
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g Molly is not married and has no children. She executes a will, disposing of her estate to her sister Nina. Later, Molly marries Owen. They have no children. Molly does not execute a new will before she dies. With respect to Molly's estate, Owen is entitled to
Answers
Based on the terms of the will, based on molly's estate, Owen is entitled to no part of her estate because the estate was already willed to her sister Nina.
According to the given question, we can see that Molly who was unmarried at the time of making her will, willed her estate to her sister and later got married to Owen and she died without making changes to her will.
The outcome is very clear as Owen is not entitled to anything, unless he is given by Nina, although he can contest the will in court, but Nina has the upper hand because legally she has the estate.
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The following information has been obtained from the Myers Corporation: 300,000 shares of common stock were outstanding on January 1, 20X1. 50,000 stock options were outstanding on January 1, 20X1; each option allows the holder to acquire one share of common stock for $20 per share. The average market price of the common stock during 20X1 was $25 per share. 48,000 shares of common stock were issued on February 1, 20X1. 18,000 shares of common stock were purchased on August 1, 20X1. What is the weighted average number of shares to be used in the calculation of diluted earnings per share for 20X1
Answers
Thus, the weighted average number of shares that Myers Corporation will use in the calculation of diluted earnings per share for 20X1 is 386,500.
Data and Calculations:
Date of Issue No. of Share Weight Weighted-Average
Outstanding, Jan.1 300,000 12/12 300,000
February 1 48,000 11/12 44,000
August 1 (Treasury stock) (18,000) 5/12 (7,500)
Jan. 1 (Stock options) 50,000 12/12 50,000
Weighted average number 386,500
In calculating the weighted average number of shares, the weight of each share issuance is dependent on the number of months that it has remained outstanding.
Thus, the weighted average number of shares that Myers Corporation will use in the calculation of diluted earnings per share for 20X1 is 386,500.
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If I am under 18 years of age, I am prohibited from using my cell phone while driving unless
Answers
Answer:
Cell phone usage while driving is prohibited at any age
Answer:
unless of emergancy
Explanation:
Once an online catalog is in place, there are high costs in maintaining and accessing it.
True
False
Answers
Answer:
False, once an online catalog is in place, there is little cost in maintaining it
If the price of output falls from $5 to $2, the value of the marginal product of labor of all workers:
Answers
When price declines, the value of marginal product of labor of all workers decreases.
Marginal product of labor is the change in output when labor employed in changed by one unit. For example, if total output of labor is 10 units when only one unit of labor is employed and 20 when two units of labour is employed. Price is $1. The marginal product of labor is $10 $1(20 - 10).
An increase in the price of output increases the marginal product of labor and a decline in the price of output decreases the marginal product of labor.
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How to write email asking for further details and paying procedure
Answers
Answer:
considering that an address is not mentioned, following is a letter in regards to payment procedure,
xxx
xxx(address),
To whoever it may concern,
Dear Sir/Madam,
I am writing this letter to you, seeking a few answers in regards to your leaflet.I recently came accross your advertisement for products.
I wanted to inquire in regard to the sauna Belt that ur offering.it was mentioned that a scale is going on till the 31st of January. could you kindly mention the suitable payment procedure for this order.
Thank you,
your sincerely,
shivangi sharma
hope it's helps you....plz mark me as brainlistWhat do managers need to do to implement “people strategy”? Help me pls.
Answers
Answer:
Here is 6 things
Explanation:
Understand the goals of your business. ...
Focus on the financials. ...
Draft a strategy from the business strategy. ...
Use insights and data to influence decision-making. ...
Allocate your budget. ...
Measure your success.
Speciality Steel Inc. will manufacture and sell 250,000 units of their product next year. Fixed costs will be $250,000. Variable costs will be 40% of sales. The firm wants to achieve a level of earnings before interest and taxes of $260,000. What selling price per unit is needed to accomplish this
Answers
Based on the amount to be sold and the intended level of earnings, the selling price per unit should be $3.40
The Contribution margin needed is:
= Fixed cost + Required earnings
= 250,000 + 260,000
= $510,000
To get to this amount, the sales should be:
Contribution margin = Sales x ( Selling price - Variable cost)
510,000 = 250,000 × 0.6x
510,000 = 150,000x
x = 510,000 / 150,000
x = $3.40
In conclusion, the selling price is $3.40
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Rise Up Retail Industry Fundamentals
Review - Part 1
Matehing Vocabulary
A Allocation
B. Corporation
0, Customers
D. Manufacturers
E Products
F. Retail Product Cycle
O, Retailer
H. Wholesaler
1
People that purchase goods or services from a business
2. Any entity that produces finished products are
3 Physical goods that are bought and sold, such as food, clothes, & household
itema
4
A business or person that sells products and/or services to customers, and they
seleet merchandise and services based on the needs of a specific store, region or
community
An amount or portion of a resource assigned or distributed to a store or recipient
0 in both physical and online shopping, this explains the process from choosing the
products and services to offer to getting them in the hands of customers
An entity that buya large quantities of products directly from the manufacturer
and then sella amaller amounts of products to different retailers
8 Business that has shareholders through publicly traded stock, and usually has
centralized decision-making for ita multiple store locations.
Matching Examples
A Example of Business in Retail
B. Example of Distribution Center
G Example of Omnichannel Retail
D. Example of Retail Product (x2)
E. Example of Retail Service (x2)
Car wash
10
Customers being able to shop in person and online while also receiving texts and
emails about sales and promotions
Department store
12. Facility used for receiving, temporary storage, and distribution of goods to the retail
centers based on orders as they are received
New car tires
18 Warranty on an item
Renigerator
Answers
Answer:
give me asec
Explanation:
help needed
Tasha is a court reporter for a federal district judge. Her job is to type every word that is stated on the record during a federal trial. The pathway in the Law, Public Safety, and Security cluster that Tasha's job belongs in is:
Question 12 options:
Security and Protective Services.
Legal Services.
Emergency and Fire Management Services.
Correction Services.
Answers
The pathway in the Law, Public Safety, and Security cluster that Tasha's job which includes typing all the words said on trial for the record, belongs in is:
Legal Services.According to the given question, we are asked to state the pathway in the Law, Public Safety, and Security cluster that Tasha's job which includes typing all the words said on trial for the record, belongs in.
As a result of this, we can see that Tasha who is a court reporter belongs to the Legal Services pathway in the Law, Public Safety, and Security cluster as she has to record the words said in a trial in the law court.
Therefore, the correct answer is Legal Services
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Answer:
B
Explanation:
a successful advertised campaign affects
A:supply of the advertised good
B:quantity supplied of the advertised good
C:demand for the advertised good
D:quantity demanded of the advertised good
Answers
Answer:
B the responsiveness of quantity demanded of a good due to a change in its price.
Explanation:
B ...
A project manager is overseeing a complex custom CSM solution that has rigorous quality standards and tight schedule constraints. Since the project manager is working in a weak matrix environment, none of the resources are reporting to her functionally. She also does not have either the power or the budget to reward the team members to encourage and motivate them for their performance and contribution to the project. What kind of power should the project manager try to use in this type of situation
Answers
The kind of power that the project manager should try to use in this type of situation is an: expert power.
A project manager refers to an individual who is saddled with the responsibility of planning, controlling, maintaining, and managing a group of people (team members) that are working under him or her, especially for the execution of a project.
In Project management, a project manager has different kinds of power and these include:
Referent powerReward powerCoercive (penalty) powerFormal (legitimate) PowerExpert powerExpert power is one of the most effective kinds of power and it is typically possessed by a project manager that is a professional (expert) in a particular subject, field or project.
Since the project manager is working in a weak-matrix organizational environment and has no power or budget to reward her team members, she should use her expert power to oversee the complex custom CSM solution project.
In conclusion, the kind of power that the project manager should try to use in this type of situation is an expert power.
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How will the business function if something happens to one of the key members of the management team?
Answers
When the business function if something happens to one of the key members of the management team so, by creating a company continuity strategy or an emergency plan or replace with another member.
What do you mean by the business function?An organization's activities are referred to as business functions, and they can be further broken down into core and support functions.
The production of finished goods or services destined for the market or for other parties is one of an enterprise's core business functions.
Because completing the other management functions significantly depends on having a good plan, planning is a crucial management function.
Organizations have closed their doors permanently as a result of poor management. High employee turnover is a direct outcome of poor leadership.
Therefore, when the business function if something happens to one of the key members of the management team so, by creating a company continuity strategy or an emergency plan or replace with another member.
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Unlike perfectly competitive markets, health insurance and health care markets are characterized by asymmetric information in many forms. To see the consequences, consider the following scenario: The population is evenly divided between 2 types of people: healthy people and unhealthy people. Healthy people have expected health care costs of $1000 per year. Unhealthy people have expected health care costs of $5000 per year. Unhealthy people can become healthy by working out, eating healthier, and taking preventive care. Assume that the cost of becoming healthy in terms of time and effort is $2000 per year. These people live in a city with one employer who will hire anyone who is willing to work. This employer provides complete health care to all its employees; all health care costs are covered by the insurance.
1. Do the unhealthy employees have an incentive to become healthy?
a. Yes.
b. No.
c. Not enough information.
2. What would the new actuarially fair cost of insurance be at the original firm?
3. What is the actuarial fair cost of insurance for all the workers?
Answers
1. No, unhealthy employees do not have an incentive to become healthy.
2. The new actuarially fair cost of insurance would be $5000 at the original firm.
3. The actuarial fair cost of insurance for all the workers would be $3000
1.No, unhealthy employees do not have an incentive to become healthy. This is due to the fact that the only employer in the city is giving jobs to everyone regardless of their health status. Besides, their health care cost is covered and managed by the employer by the insurance. Therefore, unhealthy employees do not have an incentive to become healthy.
2.The new actuarially fair cost of insurance can be determined by taking the probability of healthy employees and unhealthy employees with their health costs.
However, provided that all healthy people worked for the new employee, it implies that the original firm comprise of only the unhealthy workers and the new actuarially fair cost of insurance can be computed as follows:
∴
Actuarial Fair cost of insurance = Probability ( Healthy employee × cost of health) + Probability (unhealthy employee × cost of health)
Actuarial Fair cost of insurance = (0 × $1000) + (1 × $5000)
Actuarial Fair cost of insurance = $5000
Therefore, the new actuarially fair cost of insurance would be $5000 at the original firm.
3.The actuarial fair cost of insurance for all the workers refers to the total sum of required payoffs for both the healthy employees and unhealthy employees
Actuarial Fair cost of insurance = Probability ( Healthy employee × cost of health) + Probability (unhealthy employee × cost of health)
Actuarial Fair cost of insurance = [tex]\mathbf{(\dfrac{1}{2} \times \$1000) + (\dfrac{1}{2} \times \$5000)}[/tex]
Actuarial Fair cost of insurance = $500 + $2500
Actuarial Fair cost of insurance = $3000
Therefore, the actuarial fair cost of insurance for all the workers would be $3000
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