To record the transactions on Sheridan Company's books, we need to prepare the journal entries for each transaction.
February 5: Purchase of merchandise from NW Wholesale Company:
Debit: Inventory - Merchandise Purchases ($12,000)
Credit: Accounts Payable ($12,000)
February 6: Payment of freight costs:
Debit: Freight-In ($160)
Credit: Cash ($160)
February 8: Return of merchandise to NW Wholesale Company:
Debit: Accounts Payable ($1,400)
Credit: Inventory - Merchandise Purchases ($1,400)
February 11: Payment of the balance due to NW Wholesale Company:
Debit: Accounts Payable ($10,600) [($12,000 - $1,400)]
Credit: Cash ($10,600)
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in the third step of the strategic management process, managers should:
In the third step of the strategic management process, managers should: Establish the organization's objectives .
Strategic management process simply means to formulate organization strategic that will enables the organization to achieve their goals and objectives.
When managers formulate a strategy it means that they are establishing and setting the direction for their business as this will help to designate the kinds of activities that will make their plan to become a reality.
When it comes to strategic management process It is important that managers establish objectives they want to achieve when planning to take action that will help implement the plan and vision the organization has for the future.
Inconclusion In the third step of the strategic management process, managers should: Establish the organization's objectives.
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Which of the following is most likely to create a long-term trend?
A. Fashion
B. Entertainment
C. Television shows
D. Demographics
Demographics is most likely to create a long-term trend. Demographics is the study of the characteristics of human populations, such as age, sex, education, income, and race. The correct answer is option D.
These factors have a significant impact on consumer behavior, and thus, they can create long-term trends in the marketplace. As people age, their preferences change, and they tend to consume different products and services. For example, as the baby boomer generation has aged, there has been a trend towards products and services that cater to their needs, such as retirement communities, healthcare, and leisure activities.
Additionally, changes in education, income, and race can create new trends in consumer behavior. For example, if there is an increase in the number of people with higher education degrees, this could lead to a trend towards products and services that cater to their needs, such as high-tech gadgets, gourmet foods, and luxury vacations. Therefore, demographics is most likely to create a long-term trend. The correct answer is option D.
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which phrase best completes the diagram?
Which assumption would a lender most likely make about a person with a credit score around 800?
O that the person has invested a great deal of money in the stock market
O that the person has had very few delinquent payments in the past
O that the person has lived in the same city for a long time
O that the person has avoided using credit cards
The family has a very low budget on containers, and are paying for services for three months, with the help of low income residents find the one that is the cheapest option of additional containers please note the resident is looking for two recycle bins or more and 1 trash bin find a unique cheap way to find how the resident can afford the bill for three months,
trash is $20.38 - they pay for 3 months (for servicing add them all up)
and for recycle is $11.70
How many containers do you recommend for a 6-5 people family who produces a lot of trash every single day and has overflowing containers which we need more containers what do you think? The price for 96 gallon containers are...
trash is $20.38 - we pay for 3 months (for servicing add them all up)
and for recycle is $11.70
Answer:
Read explanation
Explanation:
To find the cheapest option for the resident, we can calculate the cost of additional containers for a 6-5 person family who produces a lot of trash each day. We will use the rate of $20.38 for three months of trash service and the rate of $11.70 for three months of recycle service.
The cost of buying 96-gallon trash containers is $74.00 each, which is a one-time cost. If two additional trash containers are needed, the total cost would be $74 + $74 = $148.
The cost for three months of trash and recycle service is $20.38 + $11.70 + $20.38 + $11.70 + $20.38 + $11.70 = $106.24
So, the total cost for two additional trash containers and three months of trash and recycle service is $148 + $106.24 = $254.24.
If the resident's family can afford the one-time cost of two additional trash containers, it would be more cost-effective than renting additional trash or recycle containers for three months. If the cost is not within the family's budget, additional trash or recycle containers can be rented for three months. However, renting will cost more in the long run, since the family would have to continue paying for the rental service after the three months are up.
I would recommend two additional trash containers and three months of trash and recycle service, if it fits within the family's budget. If not, renting one additional trash and/or recycle container for three months could be a more affordable option.
`What type of market structure exists for the fast food industry?
Answer:
http://sellsidehandbook.com/2018/10/08/understanding-market-structure-perfect-competition-monopoly-and-monopolistic-competition/
Explanation:
Is it ethical for large companies to market small brands as being local, natural, or eco-friendly when they are in fact owned by huge corporations? Or,
as long as companies aren't outright lying, do customers have the responsibility to do their own research on the products they buy?
Answer:
yes
Explanation:
companies will not yell the truth
It is the responsibility of the customers that they have to do research before making a purchase of the product in order to avoid any fraud or unethical activity with them.
What is a product?A product is referred to as final or finished goods distributed in the market to serve the customers. This product can be both goods and services in which goods are tangible and services are intangible.
When any individual goes to buy any product they have to perform research in order to avoid any misleading activity and they will be able to compare between similar products in reference to price, quality, and quantity.
Customers can not rely totally on shopkeepers about the products as they are here to do business they will not tell the complete truth about the products and services offered.
Therefore, it is better to conduct your own research to avoid fraud or black marketing of products.
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Lucky Laundry reported assets of $950 and equity of $580. What is Lucky's debt ratio?
Answer:
0.3894
Explanation:
Debt Ratio = Total Debts/Total Assets
We will find the amount of Debt since amount of total assets is given
Assets = Liabilities + Equity
$950 = L + $580
L = $950 - $580
L = $370
Now lets find the Debt ratio
Debt Ratio = Total Debts/Total Assets
= $370/$950
= 0.3894
What is everyone planning to do this summer?
Answer:
read, relax, try to sleep in as long as I want, work out, and eat lol
have a good day :)
Explanation:
During which project management process group are budget forecasts created? Select one: a. Planning b. Initiating
c. Monitoring and controlling d. Executing
During Monitoring and controlling project management process group are budget forecasts created.
Budget forecasts are created during the monitoring and controlling process group in project management. This phase involves tracking the project's progress, monitoring performance, and making necessary adjustments to keep the project on track. Budget forecasts are crucial in this phase as they help project managers assess the financial status of the project, compare actual expenditures against the planned budget, and make informed decisions to manage costs effectively.
By regularly reviewing and updating the budget forecasts during the monitoring and controlling process group, project managers can ensure that the project remains within budgetary constraints. Budget forecasts are created during the Planning process group in project management. During this phase, project managers analyze the project requirements, estimate costs, and develop a budget plan.
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Patterson brothers recently reported an EBITDA of $7. 5 million and a net income of $2. 1 million. It had $2. 0 million of interest expense and its corporate tax rate was 30%. What was its charge for depreciation and amorization?
The charge for depreciation and amortization is $1.9 million. if the corporate tax rate was 30% for $2. 0 million of interest expense.
The given data is as follows:
EBITDA report = $7. 5 million
Net income = $2. 1 million.
corporate tax rate = 30%.
interest expense = $2 million
EBITDA allows investors to consider organizational profit after costs in light of options made about financing, tax planning, and discretionary devaluation programs.
The charge for depreciation and amortization is calculated by subtracting EBITDA from Less Interest expense and the product of the corporate tax rate. Mathematically,
The charge for depreciation = ( EBITDA - interest expense ) x corporate tax rate
The charge for depreciation = ( $7. 5 million - 2 million ) x 30%
The charge for depreciation = $1.9 million.
Therefore we can conclude that the charge for depreciation and amortization is $1.9 million.
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According to your data (i) if travel cost is greater or equal to $15, no trips are taken; (ii) if travel costs are zero, 100 trips are taken. a. Draw a travel cost demand curve based on your data. b. Calculate the consumer surplus for a person whose travel cost is equal to $5.
The trip cost approach entails gathering information on the expenses each person incurred when commuting to the recreation area or facility. This "price" that visitors pay is specific to each person and is computed by adding the costs of transportation from each person's starting point to the amenity.
This demand curve estimates visitors' willingness to pay for visiting the place, whether or not they are required to pay an entry fee. It illustrates the number of trips people would make at various travel cost levels. The quantity of visitors to a site may also be influenced by other things. A revealed preference approach of economic valuation used in cost-benefit analysis is the trip cost method of economic valuation, also known as the travel cost analysis or Clawson method.
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A lender estimates that the closing costs on a $312,500 home loan will be $12,500. The actual closing costs were 4. 25% of the loan amount. Determine if the closing costs were higher or lower than the estimate and by what percent. A. Higher by 0. 125% b. Higher by 0. 25% c. Lower by 0. 125% d. Lower by 0. 25% Please select the best answer from the choices provided A B C D.
Answer:
B
Explanation:
Because i belive that is would be lower due to the cost of the homes total.
Garrett Inc. had no treasury stock at the beginning of the year. During February, Garrett purchased 14,100 shares of treasury stock at $22 per share. In May, Garrett sold 4,400 of the treasury shares for $23 per share. In November, Garrett sold the remaining treasury shares for $17 per share. Required: Prepare journal entries for the February, May, and November treasury stock transactions. III
Journal entries for February, May, and November treasury stock transactions are as follows:Feb 1: Treasury Stock 309,000 Cash 309,000May 1: Cash 101,200 Treasury Stock 96,600 Additional Paid-in Capital-TS 4,600Nov 1: Cash 238,700 Treasury Stock 308,400 Additional Paid-in Capital-TS 69,700
When a company purchases treasury stock, it reduces its equity and cash accounts.
As of February, Garrett Inc. had no treasury stock. So the purchase of 14,100 shares of treasury stock on February 1 would be debited to Treasury Stock for $309,000 and would be credited to Cash.
The purchase price is $22 per share, so 14,100 × $22 = $309,000.The sale of 4,400 treasury shares for $23 per share on May 1 would be credited to Cash, and the corresponding debit would be allocated between Treasury Stock for $96,600 and Additional Paid-in Capital—Treasury Stock for $4,600.
The last transaction occurred on November 1 when the remaining treasury shares were sold for $17 per share. It would credit Cash for the sales revenue of $238,700 and would debit Treasury Stock for $308,400 and Additional Paid-in Capital—Treasury Stock for $69,700.
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A monopolistically competitive industry is similar to a
perfectly competitive industry in that:
there is free entry and exit in both markets.
products are differentiated in both markets.
firms in both markets decide output and prices on the basis of strategic interaction.
the demand curves in both markets are downward-sloping.
In order to increase sales, firms must lower prices, which leads to a decrease in revenue and profits. so , the demand curve is downward-sloping
A monopolistically competitive industry is similar to a perfectly competitive industry in that there is free entry and exit in both markets and the demand curves in both markets are downward-sloping. However, the products are differentiated and firms in both markets decide output and prices on the basis of strategic interaction.
A monopolistically competitive market is a type of market in which several firms sell products that are somewhat similar but not identical. Consumers will perceive the products as being somewhat different due to branding, quality, or other characteristics, but will generally consider them to be close substitutes for one another.
The concept of free entry and exit refers to the ability of businesses to join or leave a given market. This means that firms may enter or exit a market without incurring significant costs or being constrained by economic or legal barriers
Strategic interaction refers to the decision-making process in which one person or company's actions affect another's decision. In the context of business, this might refer to the decisions that a firm makes about pricing, marketing, or product development, which will influence the decisions of its competitors or potential customers.
In a monopolistically competitive industry, the demand curve is downward-sloping. This is because as prices increase, consumers will tend to purchase fewer of a firm's products. Therefore, in order to increase sales, firms must lower prices, which leads to a decrease in revenue and profits.
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The Federal Reserve Act of 1913 required all ________ banks to become members of the Federal Reserve System, while ________ banks could choose to become members of the system.a. state; nationalb. national; municipalc. national; stated. state; municipal
Answer:
c. national; state
Explanation:
The Federal Reserve Act of 1913 required that banks that operated nationally had to join the Federal Reserve System. It was mandatory, and national banks had to do it.
It also allowed banks that operated on a state level to join the Federal Reserve System, but that was optional, it was not mandatory.
What things might limit the supply in this situation?
Price, the number of providers, the level of technology, government subsidies, climatic conditions, and the availability of labor to create the commodity are some of the variables that will affect supply.
What are the limitation of supply?Even though the price level is extremely low, the seller will attempt to sell more if he anticipates that the price of the commodity would decline in the near future. On the other hand, even if the price level is high, the seller will not make any more sales if he anticipates a future increase in the price of the product. It goes against supply-side economics.
Demand and supply analysis in the economy has its limitations. For instance, the study makes the assumption that other economic parameters will remain constant. Furthermore, it suggests that the demand and supply analysis cannot be applied to the economy if the variables are not constant.
Thus, Price, the number of providers, the level of technology, government subsidies are some of the variables that will impact supply.
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Which of the following are part of the marketing mix? (Check all that apply)
Answer:
product, price, place, promotion—are often referred to as the marketing mix. These are the key elements involved in marketing a good or service, and they interact significantly with each other.
Explanation:
PLZZ mark brainlyist
Which is a digital asset?
Answer: A digital asset is anything that exists in a digital format and comes with the right to use. Data that do not possess that right are not considered assets.
Explanation:
Answer:
Explanation:
In the simplest terms, a digital asset is content that's stored digitally. That could mean images, photos, videos, files containing text, spreadsheets, or slide decks. ... Plain-text files (such as Notepad files) Graphics (such as logos and other brand assets)
Oddo's Pizza is a restaurant that recently implemented a new system to identify and gather information about its regular customers. It rewards these customers by giving them gift coupons and cash prizes. This practice is an example of _______. a. total quality management b. customer relationship management c. profit maximization d. organizational optimization
Customer is termed as the individual that consumes or uses the goods and services that are availed to them for their satisfaction or need fulfillment. The customers are known as the king of the market that decides the production of the goods and the services.
The correct answer for the blank is b. customer relationship management.
Customer Relationship Management is termed as the process or the activities that manage the company's relationship and communications of the customers with the firm and manage to explore the potential customers or the new customers.
The main aim of CRM is to build and construct good relationships between the customer and the firm. It connects the corporate sector with the customers in order to let them know about their services.
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Disney now intends to compete with its former distributors, Netflix and Amazon, by becoming a ________ diversified, ________ integrated media player.
vertically; vertically
vertically; focused
narrowly; focused
broadly; vertically
Disney now intends to compete with its former distributors, Netflix and Amazon, by becoming a vertically diversified, vertically integrated media player.
Corporate restructuring is the process of reorganising a company's management, finances, and operations with the goal of improving the effectiveness and efficiency of the company. A company such as Disney can increase output, improve the quality of its products and services, and reduce costs by making changes in this area.
Disney now intends to grow into an enormously diverse, integrated media giant in order to compete with its former distributors, Netflix and Amazon. The reorganization also includes the restructuring of capital and debt assets. A debt restructuring may include a debt-for-equity swap, in which creditors agree to cancel all or part of the outstanding debt in exchange for shares in the business.
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Dave Ramsey's investing principles.
Answer:
Here is Dave's investing philosophy: Get out of debt and save up a fully funded emergency fund. Invest 15% of your income in tax-favored retirement accounts. Invest in good growth stock mutual funds
Which plan would most likely NOT help you reach the savings needed for college?
D. Start saving about two months before college begins
How could health services use expenditures like these to increase reported earnings?
Health services can use expenditures to increase reported earnings by investing in cost-effective solutions, optimizing resource allocation, and improving service quality to attract more clients.
To increase reported earnings, health services need to focus on strategic expenditure management. This includes investing in cost-effective solutions that enhance the efficiency of services while reducing operating costs. For instance, implementing electronic health records can streamline administrative tasks, reducing time spent on paperwork and improving overall productivity. Another approach is optimizing resource allocation by focusing on high-demand areas and reducing overhead costs in less profitable departments. By reallocating resources effectively, health services can improve their financial performance and increase reported earnings.
Additionally, health services should invest in improving service quality and patient satisfaction. This can be achieved through continuous staff training, upgrading equipment, and embracing new technologies. As a result, satisfied patients are more likely to recommend the service to others, leading to increased clientele and higher revenues.
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Blue-collar workers react: While many of the changes must have seemed overwhelming, blue-collar workers (people working for wages in factories, on railroads, in construction, "shopgirls," etc…) did their best to manage the changes wrought by industrialization. What major problems did they face, and how did they attempt to improve their situations?
During the Industrial Revolution, many changes were brought about that affected various groups of people, especially blue-collar workers. The changes that industrialization brought about were often overwhelming for them.
Working conditions and wages Many workers had to work long hours under poor working conditions. They were often exposed to dangerous chemicals and worked with dangerous machinery. Workers were paid very low wages and had to work in poor and crowded working conditions. 2. Job insecurity Workers had no job security and could be laid off without notice. They were often forced to work in dangerous and unhealthy conditions, with no safety nets in place. 3. Lack of education and training Many workers had no formal education or training. This made it difficult for them to find better-paying jobs or to move up in their current jobs. Workers began to demand better education and training opportunities so that they could improve their situations. 4. Lack of legal protections Workers had no legal protections against employers who mistreated them.
In conclusion, blue-collar workers faced many problems during the Industrial Revolution, including poor working conditions and wages, job insecurity, lack of education and training, and lack of legal protections.
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[Related to the Economics in Practice] The financial costs of obtaining a college education include tuition and fees, textbooks, and for many students the interest they will pay on student loans. There are also opportunity costs associated with obtaining a college education.
Which of the following best represents an example of an opportunity cost you experience by choosing to go to college?
A. The earnings you receive if you must take a part-time job while you are attending college.
B. The social and networking experiences that occur while at college.
C. The higher future earnings you will receive as a result of earning a college degree.
D. The earnings you would have obtained from getting a job right out of high school.
The higher future earnings you will receive as a result of earning a college degree[C]. is best represents an example of an opportunity cost you experience by choosing to go to college.
What is future earnings?Future Earnings refers to the annual gross amount earned or to be earned by Debtor from any source from the time the Player Contract expires or is terminated until the fifth anniversary of the entry of the Confirmation Order, but not later, including, without limitation, pursuant to any Future Agreement.
Total future values of your contracts less your compensation, the payroll of the company, and other fixed costs. Your projected future business income is represented by the resulting number.
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Write a persuasive argument as an essay or blog entry to address your topic. Use a minimum of 400 words. State your claim clearly with details from reliable sources. Be sure to include
Based on writing methods and techniques, to write a persuasive argument as an essay or blog entry to address your topic, you should start by "Choosing topic you’re passionate about."
What is Persuasive Writing?Persuasive writing is a form of writing that illustrates logical arguments into writing. It usually contains an emotional appeal to influence the readers towards a particular perspective or opinion.
Things to note when writing a Persuasive argument as an essay or blog entryUnderstand what your audience wants.Begin with a fact to hook your readers' attention.Research the both on both sides of what you agreed and disagreed on.Be empathetic in your word usage.Chip in rhetoric question to evoke interest.Emphasize your points with creativity.Hence, in this case, it is concluded that writing a persuasive argument as an essay is more straightforward if you follow the proper steps.
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Discuss the advantages and disadvantages of the division of labour.
Explanation:
I hopeit help you✌️✌️✌️✌️✌️
in which business process are employees most likely to play an outside participation role for some events?
In many businesses, employees are encouraged to take on roles beyond their day-to-day responsibilities to participate in various events or initiatives that benefit the organization as a whole. One business process where employees are most likely to play an outside participation role for some events is in marketing.
Marketing initiatives often require employee participation in events such as trade shows, product launches, or community outreach programs. Employees may be asked to represent the company, share the brand's message and interact with potential customers.
By involving employees in marketing efforts, businesses can tap into their networks and personal connections, which can result in more leads and increased brand awareness. Employee participation also fosters a sense of ownership and pride in the company, which can boost morale and retention.
However, it's important to note that employee participation should be voluntary and not a requirement. Employees who feel compelled to participate may not be as effective or enthusiastic as those who willingly choose to do so. It's also essential to provide proper training and support for employees who take on these roles, to ensure they represent the company in the best possible light.
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in one type of managerial model, management is open to feedback and subordinates are allowed some self-direction on routine matters. which model is this?
In one type of managerial model, management is open to feedback and subordinates are allowed some self-direction on routine matters. This is Human Relations Model.
The demands of the person and the actions that arise for both individuals and groups are the main topics of the human relations theory. In order to manage people, an interpersonal strategy is required. It implies that both official and informal components make up the organization.
The structure of an organization consists of its formal components. The relationships between people are among the informal features of the organization. The group is a particular kind of social system in this sense.
To foster individual job satisfaction and the subsequent motivation of the individual, this system should be handled.
Notably, a lot of attention is put on group behavior and performance as a result of how individuals interact within groups.
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