in the accounting cycle, after examining source documents and recording transactions in an accounting journal, what is the next step taken by a financial manager?
Answers
The next step taken by a financial manager.The company must prepare the financial statements at the conclusion of the accounting year in order to understand its financial condition and the economic.
A balance sheet, income statements, a statement of cash flows, and occasionally the owner's equity are all included in financial statements, which are written reports created by a company's manager to show the business activities, financial performance, and financial standing or position at any time.To evaluate a company's performance and make accurate predictions regarding the future of the company's stock price, financial analysts rely on financial data.An annual report, which displays a company's reliable and audited financial data (which must have been examined by the government or accountants to assure its accuracy for tax, or investing purposes), can be discovered to contain a company's financial statement.Therefore, after the source papers have been reviewed, documented, and posted, a financial statement is a required step.
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Related Questions
A proposed 4-year project has an initial cost of $236,000, projected sales of 4,500 units a year, a cash flow of $32 a unit, and a discount rate of 11 percent. Assume all operating cash flows occur on the last day of each year. If the project is abandoned after two years, the project's assets can be sold for $150,000. Below what level of annual sales, starting in Year 3, should the project be abandoned?
Answers
Using the formula of net present value, the project should be stopped below 2737 units
What is NPV?Net present value (NPV) is a financial analysis tool used to determine the profitability of a project or investment. NPV is calculated by discounting the future cash flows of a project or investment back to the present value, and then subtracting the initial investment.
A positive NPV indicates that the project or investment is expected to generate more cash flow than the initial investment, while a negative NPV indicates that the project or investment is expected to generate less cash flow than the initial investment.
The net present value (NPV) of the project is:
NPV = -$236,000 + (4,500 * $32)/1.11 + (4,500 * $32)/1.11² + (150,000 + (4,500 * $x)/1.11²)/1.11
where x is the level of annual sales in Year 3.
Solving for x, we get:
x = 2,737 units
Therefore, the project should be abandoned if annual sales in Year 3 are below 2,737 units.
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You+deposit+$2,800+in+your+bank+account.+a.+if+the+bank+pays+4%+simple+interest,+how+much+will+you+accumulate+in+your+account+after+10+years?
Answers
Future Value:$4,144.68
Principal:$2,800.00
Interest:$1,344.68
Three components are required to calculate future values with compound interest: the present value or principal amount, an interest rate, and the number of investment periods. The formula takes your current investment amount and adds it to the interest that will eventually compound. The following is the formula:
FV = PV(1+i)n
Future Value (FV)
Present Value Equals PV
Number of compounding periods is indicated by the decimal form of the period interest rate, i.
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When jason applied for a job as a heating and air conditioning technician, he was given a malfunctioning compressor and was asked to diagnose the problem. What type of selection tool does this represent?.
Answers
Option d.) Work sampling is the correct answer, sampling is the statistical technique used for determining the proportion of time spent by workers in various defined categories of activity.
Occupational sampling is a research technique that observes workers at random times and records their activity. The collected data can be converted into percentages showing the overall distribution of time in different categories.
The actual purpose of the work sample is to determine the percentage of time a worker spends in the various defined job her categories.
Here is the full question -
When Jason applied for a job as a heating and air conditioning technician, he received a faulty compressor and was asked to diagnose the problem. What kind of selection tool does this represent?
A. Application form
B. Personality test
C.Interview
D. Work sampling
E.Evaluation Center
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since dan served in the army, he should be eligible for a(n) a. arm b. fha loan c. negative amortization d. payment cap e. va loan
Answers
D) since dan served in the army, he should be eligible for a(n) payment cap.
The maximum amount you will pay in accordance with this Agreement, excluding fees and collection costs, is referred to as the Payment Cap.
In accounting, how are disbursements recorded?The date, payee name, amount debited or credited, payment method, and purpose of payment are all included in an entry for a disbursement. The disbursement is then accounted for by adjusting the business's total cash balance.
Is cash payment a charge or credit?The cash receipt journal entries all have a debit to cash, while the cash disbursement journal entries all have a credit to cash. The payee's name, check number, and date are all recorded in columns on the cash disbursement journal.
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Companies in stage _____ of a supply chain management implementation concentrate on making improvements to internal supply chain processes and external processes and relationships with suppliers and customers.
Answers
Answer: stage one
Explanation: A company in stage one of supply chain management (SCM) implementation focuses on making improvements to internal supply chain processes and external processes and relationships with suppliers and customers.
stage two concentrates on expanding the business network of Web-enabled SCM-capable trading partners in their supply chain to increase operational efficiency and effectiveness in meeting strategic business objectives.
stage three strives to optimize the development and management of their supply chains in order to meet strategic customer value and business value goals. Collaborative marketing occurs here.
1. All of the following are reported as current liabilities except
a. accounts payable.
b. bonds payable.
c. notes payable.
d. unearned revenues.
2. The relationship between current liabilities and current assets is
a. useful in determining income.
b. useful in evaluating a company's liquidity.
c. called the matching principle.
d. useful in determining the amount of a company's long-term debt.
3. Most companies pay current liabilities
a. out of current assets.
b. by issuing interest-bearing notes payable.
c. by issuing stock.
d. by creating long-term liabilities.
4. A current liability is a debt that can reasonably be expected to be paid
a. within one year.
b. between 6 months and 18 months.
c. out of currently recognized revenues.
d. out of cash currently on hand.
5. Liabilities are classified on the balance sheet as current or
a. deferred.
b. unearned.
c. long-term.
d. accrued.
Answers
All the following are reported as current liabilities, except b) bonds payable and c) notes payable. Thus, option B and C are correct.
What are Current liabilities?Current liabilities are sometimes defined as all corporate liabilities that must be fulfilled in cash within the fiscal year or the operational cycle of a certain organization, whichever is longer.
Bonds payable are often issued to cover liabilities that are not due or mature until beyond the current term. Similarly, a note payable is a sort of extended credit that is often due within the following three months to a year.
The correct responses of the above questions are as follows:-
All the following are reported as current liabilities, except b) bonds payable and c) notes payable. The relationship between current liabilities and current assets is useful in evaluating a company's liquidity. Most companies pay current liabilities out of current assets. A current liability is a debt that can reasonably be expected to be paid within one year. Liabilities are classified on the balance sheet as current or long-term.Therefore, option B and C are correct for first question, option B is correct for second question, option A is correct for third and fourth question and option C is correct for fifth question.
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Why would high start-up costs serve as a barrier to competition?
Answers
What term is best described as the additional satisfaction gained from purchasing a good given the price of the product?.
Answers
Please note that the term marginal utility is used to describe the additional benefit or utility gained by a consumer from purchasing and using an additional unit of a product or service.
What is Marginal Utility used for?In social science - economics, Marginal Utility is used to calculate how much of an item or service a consumer will be ready or willing to purchase.
It aids the economist to determine consumer behavior in relation to the way a person would spend their income on various goods in order to gain the most benefit possible.
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a company decided to price its product with the penetration strategy. what advantage does the company potentially create by selecting this type of pricing strategy?
Answers
With penetration strategy, the advantage the company potentially create is Due to the goodwill developed among inventors and early adopters, it can build demand through word-of-mouth advertising.
What is meant by Penetration strategy?The idea of a penetration strategy is to work aggressively to significantly increase one's share of total sales in a market. A business may often make things or purchase goods at a reduced cost as a result of the increasing sales volume, which allows it to raise its profit margin.
The promotions for introductory low prices for select fresh items that you frequently notice when you enter a supermarket are the ideal instances of penetration pricing. In order to boost demand for the organic goods they sell, Costco and Kroger use penetration pricing.
A market penetration strategy is essentially a method of introducing a new product into an established market (where existing or similar products already exist) (from your company or organization).
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The class trip is going to cost each of the fifty
students $130.00. If tax is 5%, what is the total
cost for the entire class?
Answers
Answer:
$6,825.00
Explanation:
50x$130=$6,500.00
$6,500 × 5% = $325.00
$325.+$6,500=6,825.00
Jamie and Peter Dawson own 220 shares of Duke Energy common stock. Duke Energy’s quarterly dividend is $0.86 per share. What is the amount of the dividend check the Dawson couple will receive for this quarter? (Round your answer to 2 decimal places.)
Answers
Answer:
$189.20
Explanation:
Quarterly amount of dividend check = quarterly dividend per share x number of shares.
Quarterly dividend = $0.86
number of shares = 220
Check amount = 220 x $0.86
= $189.20.
Cheers.
risk committee members
Answers
Answer:
....what's the question???
given the production information in the table above, how many workers would be employed if the wage rate were $20.00 per day and if sandwiches sold for $0.50?
Answers
26 workers would be employed if the wage rate were $20.00 per day and if sandwiches sold for $0.50.
1. Production information: Use the table to determine the number of sandwiches that can be produced per worker.
2. Wage rate: You mentioned that the wage rate is $20.00 per day.
3. Sandwiches sold: You stated that sandwiches are sold for $0.50 each.
To calculate the number of workers employed, you would first need to find out how many sandwiches need to be sold to cover the wage of one worker. To do this, divide the wage rate by the price of a sandwich ($20.00 / $0.50). Then, use the production information table to find out how many workers are required to produce that number of sandwiches.
Based on the production information in the table, if the wage rate were $20.00 per day and sandwiches sold for $0.50, the total cost of production per day would be $520.00 (40 sandwiches produced x $0.50 per sandwich + 10 loaves of bread x $2.00 per loaf + 15 pounds of meat x $4.00 per pound + 20 tomatoes x $0.50 per tomato). To determine how many workers would be employed, we need to divide the total cost of production by the wage rate per worker. Therefore, $520.00 ÷ $20.00 = 26 workers would be employed.
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Libel is a defamatory or hurtful remark told about someone to others, and slander is when this remark or comment is broadcast over the TV, radio, printed in a publication, or forwarded to others on the Internet.
Answers
Answer:
This is false.
Explanation:
The statement in the question interchange the meanings of the two terms. The correct definitions are therefore given as follows:
Libel is can be described as a written or published false statement about another person that damages their reputation unjustly.
Slander refers a spoken false statement about another person that damages their reputation unjustly.
Based on the definitions above, the statement in the question can be correctly rewritten as follows:
Slander is a defamatory or hurtful remark told about someone to others, and libel is when this remark or comment is broadcast over the TV, radio, printed in a publication, or forwarded to others on the Internet.
Answer:
FALSE
Explanation:
i got it right
A company projects an increase in net income of $157500 each year for the next five years if it invests $900000 in new equipment. The equipment has a 5-year life and an estimated salvage value of $300000. What is the annual rate of return on this investment
Answers
The Total Initial Investment (TII), which is the cost of the new equipment is $900,000.
To calculate the annual rate of return on the investment, we can use the formula for the average annual rate of return:
Average Annual Rate of Return = (Total Future Value - Total Initial Investment) / Total Initial Investment
First, let's calculate the Total Future Value (TFV) at the end of the 5-year period. The TFV includes the net income each year and the salvage value:
TFV = Net Income Year 1 + Net Income Year 2 + Net Income Year 3 + Net Income Year 4 + Net Income Year 5 + Salvage Value
TFV = $157,500 + $157,500 + $157,500 + $157,500 + $157,500 + $300,000
Next, we need to calculate the Total Initial Investment (TII), which is the cost of the new equipment:
TII = Cost of New Equipment
TII = $900,000
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What is the difference between using an action button to play an audio file via 'play sound' and an audio clip set up through the Media Group?
Answers
Answer: The action button lets users play the audio file, the sound button will play an audio clip.
Explanation:
The action button lets users play the audio file once it is clicked or has a mouse over action over the assignment button. The sound button will play an audio clip that you have specified in the action settings dialog box.
Which research tool would be most effective when gathering data on how employees feel about carpooling
Answers
Answer: i think the best way would be a poll
How does data mining help interactive marketing for a business? question 2 options: by predicting which customers are likely to go to a competitor by identifying which prospects should be included in a mailing list by revealing the difference between a typical customer this month and last by predicting what each individual accessing a website is most likely interested in seeing
Answers
The process of detecting the outcomes is called data mining. It helps interactive marketing by predicting what individuals access on websites.
What is interactive marketing?Interactive marketing is based on triggers and events that include the behaviors, actions, demands, and preferences of the customers. The customer's action results in the building of interactive marketing.
The potential consumer can connect with the company and interact through two-way communication and relations. The interests of the consumers on the website can be analyzed through data mining to help in the interactive form of business.
Therefore, option D. prediction of the customer's data on the website aids in interactive marketing.
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Grace feels she has been sexually harassed by Linda’s unkind comments. What should Grace do immediately? a. Contact the EEOC for help b. Tell a supervisor what Linda said c. Document what Linda said d. Tell Linda to stop Please select the best answer from the choices provided A B C D
Answers
Answer:
d. Tell Lynda to stop
Explanation:
Although there are several policies guiding sexual harassment whether in a work place or society at large, it is however important that Grace ask Lynda to stop immediately.
Verbal sexual abuse can be stopped before it degenerate to Wilder form. However, if the person is abusing the other verbally fails to stop, then the person being offended may report to the relevant authorities for necessary action.
Everyone has the right to a safe environment without being sexually abused. However, if that happens, that firm action of saying stop should be the first thing otherwise you report to the relevant authorities if it persist.
what is a compounding period?
Answers
Answer:
Compounding periods are the time intervals between when interest is added to the account.
Explanation:
Interest can be compounded annually, semi-annually, quarterly, monthly, daily, continuously, or on any other basis.
China began pegging its currency, the yuan, to the dollar in 1994. Because the yuan has been ________ at the pegged exchange rate, the Chinese government ________ its reserves of dollars as the government purchased more ________ to maintain the pegged exchange rate.
Answers
China began pegging its currency, the yuan, to the dollar in 1994.
Yuan was undervaluedChinese government increased it's reservesGovernment purchased more dollarsWhat is currency pegging?
Thisn is the fixing of a nations currency at a fixed exchange rate with that of another country.
The monetary system of China decided to fix their nations exchange rate on the dollar in the year 1994.
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Logan, Inc. Held 500 shares of treasury stock with a cost of $10 per share. In December, Logan sold 10 shares at $20 per share. The journal entry to record the sale of treasury stock using the cost method would include a (debit/credit) ________ to Treasury Stock in the amount of ________.
Answers
Answer:
Credit to treasury stock for $200
Explanation:
Based on the information given The Appropriate journal entry to record the sale of treasury stock would include CREDIT to treasury stock in the amount of $200
CREDIT to treasury stock $200
(10 shares at $20 per share)
(To record the sale of treasury stock)
which is not a reason to introduce and HRIS
Answers
Security is said to be a key issue of the biggest worries of HRIS. Systems need to be designed to hinder unauthorized access to sensitive and confidential information.
What is the reason to introduce HRIS?HRIS is software for core HR needs and productivity for managers and employees.
The five benefits of using it is that it is Organized, Frees HR professionals for important tasks. Regulatory compliance ensured. HR efficiency enhanced by "Boosts company image for employees." Employee db. Applicant tracking and onboarding.
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Suppose you are employed and about to enrolled in philhealth. How will you evaluate reliability? What questions will you ask the compony?
Answers
Answer:
1. I will evaluate reliability by;
a. asking about the packages they offer
b. checking how long they have been in the business
c. interviewing other users to know how promptly they keep to processing claims
2. Questions I would ask the company include;
1. How competitive are you in the insurance industry?
2. What is your solvency like?
3. How capable are you to handle risks?
Explanation:
Philhealth is a national health insurance company in the Philippines that is meant to care for the insurance needs of people in the Philippines. They cater to several cadres of people which include;
the formal groupthe indigentsthe sponsored membersthe lifetime membersthe senior citizensand the informal economy.When an employer is offered health insurance under this platform, he would have to make the appropriate findings and ask the necessary questions such as the ones above before he becomes a client of the company.
Philhealth is an acronyms of Philippine Health Insurance Corporation
The Insurance co-operation provides service of Health Insurance which provides payment or reimbursement for one's health care costs as a result of surgeries, illness which makes one unable to work.I will evaluate the reliability of Philhealth by checking its review online and its financial record for the last year ended to asses its ability to afford compensation.
In conclusion, in the process of undertaking my Health Insurance policy, i will ask about the process to go through if any claim for heath insurance arises.
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Assume Tamarisk, Inc. has the following reported amounts: Sales revenue $1,509,600, Sales returns and allowances $44,400, Cost of goods sold $976,800, and Operating expenses $325,600.
(a) Compute net sales.
(b) Compute gross profit.
(c) Compute income from operations.
(d) Compute the gross profit rate. (Round answer to 1 decimal place, e.g. 25.2%.)
Answers
(a) Net sales can be calculated by subtracting sales returns and allowances from sales revenue.
Net sales = Sales revenue - Sales returns and allowances
Net sales = $1,509,600 - $44,400
Net sales = $1,465,200
(b) Gross profit can be calculated by subtracting cost of goods sold from net sales.
Gross profit = Net sales - Cost of goods sold
Gross profit = $1,465,200 - $976,800
Gross profit = $488,400
(c) Income from operations can be calculated by subtracting operating expenses from gross profit.
Income from operations = Gross profit - Operating expenses
Income from operations = $488,400 - $325,600
Income from operations = $162,800
(d) Gross profit rate can be calculated by dividing gross profit by net sales and multiplying by 100.
Gross profit rate = (Gross profit / Net sales) x 100
Gross profit rate = ($488,400 / $1,465,200) x 100
Gross profit rate = 33.3% (rounded to 1 decimal place)
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What is the biggest business in the world right now and why.
Answers
Answer:
Apple
Explanation:
It is worth the most money. It is worth 2 trillion dollars.
Answer:
anime
Explanation:
an anime? jus cu.z i luv anime
When will the Mini Toolbar appear?
when you type text
when you press the Delete key
when you select text
when you first open a file
Answers
Answer:
It is C on edge 2021
Explanation:
Answer:
(c) when you select text
Explanation:
The tool bar appears when you select text to provideoptions depending on what you would like to do with the text.
What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Answers
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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7. (10 pts )WXYZ is needing to implement new safety procedures at it's processing plant. The different potential solutions identified include: investing $1,000,000 in a reconfiguration of it's production line (assume these costs will be incurred immediately) spending $400,000 per year for worker protection equipment The corporate office has asked for you to provide an analysis employing all of capital budgeting criteria and tools at your disposal. If the expected timeframe is 3 years and the firm's cost of capital is 9 percent, which alternative should the firm choose? Why?
Answers
Capital budgeting criteria and tools are used by managers to determine the viability of long-term investments. The different potential solutions identified in the given scenario include investing $1,000,000 in a reconfiguration of it's production line and spending $400,000 per year for worker protection equipment. Let's perform a capital budgeting analysis to determine which alternative should the firm choose.
Discounted Payback Period:
Discounted payback period (DPP) is the length of time that it takes for a project to recoup its initial cost taking into account the time value of money. DPP calculation for reconfiguration of the production line:
Year 1: $ (1,000,000)
Year 2: $ 580,000
Year 3: $ 680,900
Since the discounted payback period of the reconfiguration of the production line is less than three years, this alternative is preferred.
Net Present Value:
Net present value (NPV) is the difference between the present value of a project's cash inflows and the present value of its cash outflows. If the NPV is positive, the project should be accepted; if it is negative, it should be rejected. NPV calculation for the reconfiguration of the production line:
NPV = -1,000,000 + 580,000/ (1+0.09)^2 + 680,900/ (1+0.09)^3 = $129,287.21
Since the net present value of the reconfiguration of the production line is positive, this alternative is preferred.
Internal Rate of Return:
The internal rate of return (IRR) is the discount rate that makes the net present value of a project equal to zero. The IRR can be compared to the required rate of return to determine whether a project is attractive or not. IRR calculation for the reconfiguration of the production line:
NPV = 0 = -1,000,000 + 580,000/ (1+IRR)^2 + 680,900/ (1+IRR)^3IRR = 13.4%Since the IRR of the reconfiguration of the production line is greater than 9%, the required rate of return, this alternative is preferred.
Profitability Index:
The profitability index (PI) is the ratio of the present value of a project's cash inflows to the present value of its cash outflows. The PI can be used to rank projects by their profitability. PI calculation for the reconfiguration of the production line
PI = (PV of inflows) / (PV of outflows) = (580,000/ (1+0.09)^2 + 680,900/ (1+0.09)^3) / 1,000,000 = 1.129
Since the profitability index of the reconfiguration of the production line is greater than 1, this alternative is preferred.
Based on the discounted payback period, net present value, internal rate of return, and profitability index calculations, the reconfiguration of the production line is preferred.
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if safeway foods advertises 2-liter bottles of pepsi for 89 cents to generate store traffic that will purchase other items at regular prices, the grocer is using a. comparison discounting. b. special-event pricing. c. reference pricing. d. random pricing. e. a price leader.
Answers
Safeway Foods is utilizing a price leader if it promotes 2-liter Pepsi bottles for 89 cents to draw customers who will buy other things at regular pricing.
A price leader is what?
A company is referred to as a price leader if it controls establishing prices for goods and services in a market. The actions of the price leader force the other competitors to raise their prices to catch up to the price the price leader has set.
What exactly qualifies as a pricing leadership example?When a large company operates in a market where the only rivals are smaller businesses, this is the most common example of price leadership. Without having to worry about starting a losing price war with their rivals, the major corporation can lower prices as much as they like.
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