What Is The Effect On Net Income If A Company Fails To Record A Purchase In Transit (fob Shipping Point) (2024)

The total expected collections for august is $5,525.

What are projected sales?

Projected sales refer to a company’s estimated future sales for a specified period of time. Companies typically use financial models to predict future sales based on past performance, current market trends, and economic forecasts. Projected sales are important for businesses to plan their budgets and resources. Projected sales can also be used to help businesses set short-term and long-term goals. Additionally, projected sales can help investors determine the potential profitability of an investment.

August cash sales are 35% of the projected sales of $6,500, or $2,275. August credit sales are 65% of the projected sales of $6,500, or $4,250. Since all credit sales are collected in the month following the sale, the total expected collections for August are the sum of the cash and credit sales or $2,275 + $4,250 = $5,525.

It can be concluded that the total expected collections for august is $5,525.

To know more about projected sales, check this link:

https://brainly.com/question/30033670

#SPJ4

The unemployment rate is 32.4%

Any area's unemployment rate is calculated by dividing the number of people in that area who are unemployed and actively seeking work by the total number of people in that area who are in the labor force.

Calculating the total number of employed people -

= 37 + 50 + 34 + 54 + 39

= 214

Calculating the total number of unemployed people -

= 18 + 27 + 14 + 28 + 16

= 103

Labor force = Total unemployed + Total employed

Substituting the values -

= 214 + 103

= 317

Calculating the unemployment rate -

= Unemployed people / Labour force x 100

= 103/317 x 100

= 32.4

Read more about the unemployment rate on:

https://brainly.com/question/14629507

#SPJ4

Option a is correct. Conversion costs consist of direct labor and factory overhead, the costs of converting raw materials into finished goods.

What are Conversion Costs?

Conversion costs are the direct labor and overhead costs incurred during the process of converting raw resources into finished goods. The term "overhead costs" refers to expenditures that cannot be directly linked to the production process but are nonetheless required for operations, such as the energy or other utilities needed to keep a manufacturing facility open all day. As with prime cost calculations, direct labor costs are the same. While accounting for the overhead costs excluded from prime cost calculations, conversion costs are also used as a gauge of production process efficiency. Conversion costs can also be used by operations managers to identify potential waste points in the production cycle.

To know more about Conversion Costs visit: brainly.com/question/14619798

#SPJ4

For taxation and representation purposes, every enslaved American would be counted as three-fifths of a person under the compromise.

If the enslaved population had been completely ignored, this agreement would have given the Southern states more electoral power.

Who was most helped by the 3:5 compromise?

Because it provided southern slaveholders with a greater number of representatives in Congress than they would have had without it, the 3/5 Compromise was largely responsible for its existence and expansion. Slavery legislation would either be defeated or passed by the representatives.

Learn more about enslaved American here:

https://brainly.com/question/28226005

#SPJ4

Management by objectives refers to any procedure that guides personnel actions toward the accomplishment of organizational goals, establishes standards, evaluates performance, assesses performance in relation to deviations and resolves issues.

What is meant by management by objectives?Setting clear goals for your staff to work toward is known as management by objectives (MBO). In recent decades, this has grown to be an important aspect of performance management. MBO advocates contend that setting clear goals for workers increases motivation.

Why is management by objectives important?Every organisation should prioritize effective human resource management. MBO allows managers and employees to work together to assign responsibilities and create goals. As a result, all parties guarantee that each party's skills are acceptable for the task at hand and that the measurable targets are very likely to be met.

Management by objectives refers to any procedure that guides personnel actions toward the accomplishment of organizational goals, establishes standards, evaluates performance, assesses performance in relation to deviations, and resolves issues.

To know more about Management by objectives, visit:

https://brainly.com/question/28144882

#SPJ4

The short term drivers of currency valuation is A. Surprise change in interest rates, inflation, and gold.

What is inflation?

A continuous general increase in the cost of goods and services is portrayed as inflation in an economy. It could be characterized as "a continuing increase in prices as measured by an index, such as the consumer price index (CPI) or by the implicit price deflator for Gross National Product (GNP)"

Interest rates, inflation, and gold prices can all affect the demand for a currency and can lead to short-term changes in its value. For example, if a central bank unexpectedly raises interest rates, it can cause an increase in demand for the currency and lead to appreciation. Similarly, if a country experiences a sudden increase in inflation, it can lead to a decrease in the demand for the currency and result in depreciation.

Gold prices can also influence the demand for a currency, as gold is often seen as a safe haven asset and an increase in its price can lead to an increase in demand for the currency.

Learn more about inflation on:

https://brainly.com/question/8149429

#SPJ1

The correct response is a. The NAV of the shares on the date of the owner's death. The market value on the date of the original owner's death is often used as the cost basis when an investor inherits securities. This shows the net asset value (NAV) of the mutual fund as of the owner's passing.

The original purchase price is included in the cost basis of the decedent. The inheritor often receives a larger (i.e., stepped up) cost basis by obtaining the market value at the time of death, which lowers her capital gains. A Canadian rapper, singer, songwriter, and record producer by the name of Nav (stylized in all capitals), Navraj Singh Goraya was born on November 3, 1989. In 2015, he launched his career as a producer, working with fellow Canadian rapper Drake on the song "Back to Back." After his song "Myself" went viral in 2016, he then came to the public's attention. Amir "Cash" Esmailian and Wassim "Sal" Slaiby, who work for the Weeknd's record labels XO Records and Republic Records, are responsible for managing Nav. In 2017, Nav released his self-titled debut mixtape as well as Perfect Timing, a joint project with American music producer Metro Boomin. Reckless, Nav's first studio album, was released in 2018. Bad Habits, his second studio album, was then made available; it debuted at the top of the US Billboard 200. Gunna and Travis Scott's "Turks," which Nav released in 2020, was his highest-charting song as a lead artist. It debuted and peaked at number 17 on the Billboard Hot 100. His third studio album, Good Intentions (2020), which was later published and went on to become his second number-one album on the US Billboard 200, has it as the lead single.

Learn more about NAV here

https://brainly.com/question/29988660

#SPJ4

Pure services type of services offer very few or no tangible products to customers.

What is tangible products?

Anything that you can touch physically is considered a tangible asset, including stock, structures, and copying equipment.

Businesses place a high value on tangible assets since they account for a large portion of the company's value. The assets may be used as loan collateral and make it simpler for businesses to obtain the finance they want to continue operating when a firm can demonstrate this worth with solid paperwork.

Both a rock and a damaged window are palpable; if the rock is laying close to the glass, it may be visible proof of vandalism. When we remark that a room's tension is "tangible," we imply that we can almost physically feel it there.

Thus, pure substance is correct answer.

To know more about tangible products refer to:

https://brainly.com/question/1150648

#SPJ4

An increase in the price level raises the interest rate and chokes off investment and consumption spending.

What is interest?

In finance and economics, interest is a payment from a borrower or deposit-taking financial institution to a lender or depositor in excess of the repayment of principal (ie, the amount borrowed) at a certain rate.It differs from a feefee that the borrower may pay to the lender or some third party.It also differs from a dividend, which a company pays to its shareholders (owners) from its profit or reserve, but not at a certain predetermined rate, rather on a pro rata basis as a share of the reward earned by the entrepreneurs' risk-taking. when the revenues achieved exceed the total costs.

To know more about interest, click the link given below:

https://brainly.com/question/20406888

#SPJ4

Products can quickly become obsolete and fall out of favor, making it easy for other companies to step in and take market share, to stay ahead of or match the competition.

What is product life cycle?

A product's life cycle is the period of time from when it is initially presented to consumers until it is withdrawn from circulation. The four stages of a product's life cycle are typically identified as introduction, growth, maturity, and decline. Management and marketing experts use product life cycles to guide decisions on advertising campaigns, price points, entering new markets for their products, redesigning packaging, and more. Product life cycle management refers to these strategic techniques for supporting a product. They may also be able to predict when fresher goods may replace older ones on the market.

To know more about product life cycle visit: brainly.com/question/7510515

#SPJ4

Having examined all of your revenue and expenditures, your budget is You are $125 in the hole.

Explain about the expenditures?

An expenditure is a payment made in cash or on a credit card to buy goods or services. Unlike an expense, which is documented in a period after it has been used up or expired, it is recorded at a single point in time (the time of purchase).

This phrase refers to the full cost of an item or service. A $30 million piece of equipment with a six-year useful life that a business purchases is an example of a capital investment.

The final products and services produced in a nation over a period of time are taken into account when calculating national income or gross domestic product using the expenditure approach.

To learn more about expenditures refer to:

https://brainly.com/question/832717

#SPJ4

Overall channel goals and individual channel member goals cannot be achieved together without Cooperation which means option E is the right answer.

Cooperation is the social phenomena when people tend to help each other, support in time of need and work through mutual understanding. In this, both the parties get benefitted as it becomes easier for them to accomplish their goals. Channel goals refers to the annual plans or the long term visions set by any firm. It includes completing the target on time, growth in sales, reach to more people, reduce cost but increase profit margin etc. Any firm will succeed if the employees are at their best and this can happen only when they are benefitted through regular bonuses, this increases the trust and dedication to work for better together. Hence cooperation is the key to success for any firm and the individual to accomplish their goals.

Learn more about cooperation at:

brainly.com/question/15139535

#SPJ4

Price to earnings ratio is calculated as Price per share/EPS.

EPS is calculated as Net Income/Number of shares outstanding.

EPS = 345,200/430,000 = 0.80279

PE Ratio = 24.5/0.80279 = 30.5185x

What Is the Price-to-Earnings (P/E) Ratio?

The ratio for valuing a firm that compares its current share price to its earnings per share is called the price-to-earnings ratio (EPS). The price multiple or earnings multiple are other names for the price-to-earnings ratio. Investors and analysts use P/E ratios to assess the comparative value of a company's shares in an apples-to-apples comparison. It can also be used to compare a company to its past performance or to compare broad markets over time or to one another.

To learn more about price-earnings ratio visit;

https://brainly.com/question/15520260

#SPJ4

On April 1, a $15,000, one-year, 12 percent note is agreed upon. If the loan is paid off on September 1 of the same year, there will be a $750 interest charge.

What is an example of an interest expense?

For instance, if a corporation pays $100 in interest on a loan and receives $10 in interest from a savings account, there are more expenses than income, therefore the line.

What is regarded as an interest expense?

The expense incurred by a business for borrowed cash is known as an interest expense. An income statement non-operating expenditure is interest expense. It stands for the interest that must be paid on all borrowings, including bonds, loans, convertible debt, and credit lines.

What is the formula for interest expense?

Interest Expense = Principal x Rate x Time is the straightforward formula for calculating interest costs. r = The decimal representation of the interest rate. For instance, 5% might be written as 0.05.

To Know more about interest charge.

https://brainly.com/question/24146107

#SPJ4

The standard deviation of portfolio returns will stay the same.

What is Asset correlation?

Asset correlation is a measure of how assets move with each other. If assets move in the same direction at the same time, they are considered positively correlated. Two assets are considered to be negatively correlated if one asset is trending upward and the other asset is trending downward.

What is correlation in a portfolio?

For diversified portfolios, correlation describes the degree of relationship between price movements of different assets in the portfolio. A correlation of +1.0 means that prices move in parallel; -1.0 A correlation of means that prices are moving in opposite directions.

Why is correlation important in a portfolio?

Correlation summarizes the historical relationship between two assets, so investors often look to correlation to form expectations about how a portfolio will perform over time.

To learn more about asset correlation visit the link below

https://brainly.com/question/17054091

#SPJ4

This is an illustration of economics.

What is animal testing?

The use of non-human animals in studies that attempt to regulate the variables that influence the behavior or biological system under study is known as animal testing, also known as animal experimentation, animal research, and in vivo testing. Animals are used by scientists to investigate human and animal health issues and to assess the efficacy of cutting-edge medical procedures. These issues include several that relate to biological processes that can only be researched in living things.

The few focused investigations on the environmental implications of animal research show that employing and discarding animals harms the environment, public health, and biodiversity.

To know more about animal testing, visit:

https://brainly.com/question/8530077

#SPJ4

The correct answer is systematic risk will impact all securities in every portfolio equally.

Unsystematic risk can often be avoided, however systematic risk cannot be diversified and hence cannot be avoided. A large portion of the market is subject to systematic risk, which might include interest rate or buying power risk. A huge number of assets are affected by a risk known as "systematic risk," which is also known as "the overall risk of an individual security." Uncertainty that has an identical impact on all assets is referred to as systemic risk. For instance, all investment returns typically decline during an economic downturn. Thus, the status of the economy as a whole poses a systemic danger. Non-systematic risk, on the other hand, solely impacts certain assets.

To learn more about systematic risk click the link below:

brainly.com/question/24177720

#SPJ4

After a restructuring at your organization, you are now heading up a cross-functional team .Send an introduction email congratulating them on their selection to the team be one of your first priorities.

Option B is correct.

Cross functional team:

A cross-useful group, otherwise called a multidisciplinary group or interdisciplinary group, is a gathering with various utilitarian mastery pursuing a shared objective. A cross-functional team is a group of people with a variety of expertise who work together to achieve a common objective. It might include people from the departments of finance, marketing, operations, and human resources. It regularly incorporates workers from all levels of an association.

What components make up cross-functional teams?

A cross functional team is a group of people from different departments in an organization, like marketing, product development, quality assurance, sales, and finance, who collaborate on a common objective.

Question is incomplete.Missing options are below:

After a restructuring at your organization, you are now heading up a cross-functional team in charge of product design, production, and distribution. Based on the role that Shared Mental Models play in team performance, what should be one of your first priorities?

Group of answer choices

A. Go out to dinner together to build relationships

B. Send an introduction e-mail congratulating them on their selection to the team

C. E-mailing correspondents is sufficient as long as everyone follows your instructions

D .Review the charge for your team and have each member detail their role in making it a success

E. Do a ropes course to build trust

Learn more about cross functional team:

brainly.com/question/7628770

#SPJ4

CRM systems allow marketing managers to identify potential customers via social media.

An illustration of marketing

It is, in essence, an action made to draw attention to a business's offerings, which may include both physical products for sale and services provided. Advertisem*nts in magazines, billboards on the side of the road, and television commercials are a few instances of marketing in action.

What part does marketing play?

The benefit of marketing to your company is that it informs consumers about your goods and services, engages them, and influences their decision to purchase. A marketing strategy, which should be a component of your business plan, can also aid with demand creation and maintenance as well as relevancy, reputation management, and competitiveness.

To know more about Marketing visit:

https://brainly.com/question/13414268

#SPJ1

Amount would the insurance company pay is $1,751.

What is Amount ?

Consumer loan interest rates are often expressed as an annual percentage rate (APR) (APR). For the right to borrow their money, lenders need a certain rate of return.

An APR is used, for instance, to quote credit card interest rates. The APR for the mortgage or borrower in the aforementioned scenario is 4%.

The cost of borrowing money is called interest, and it is typically stated as a percentage, such as an annual percentage rate (APR). Lenders may get interest for the use of their money, or borrowers may pay interest for the use of their money.

Payout after deductible=2800-740=$2060

Total coverage = 85%

Payout=0.85*2060=$1,751

Hence the company shall pay $1,751.

To learn more about Amount visit:https://brainly.com/question/13024617

#SPJ4

Amount would the insurance company pay is $1,751.

What is Amount in business?

Consumer loan interest rates are often expressed as an annual percentage rate (APR) (APR). For the right to borrow their money, lenders need a certain rate of return.

An APR is used, for instance, to quote credit card interest rates. The APR for the mortgage or borrower in the aforementioned scenario is 4%.

The cost of borrowing money is called interest, and it is typically stated as a percentage, such as an annual percentage rate (APR). Lenders may get interest for the use of their money, or borrowers may pay interest for the use of their money.

Payout after deductible=2800-740=$2060

Total coverage = 85%

Payout=0.85*2060=$1,751

Hence the company shall pay $1,751.

To learn more about amount visit:

https://brainly.com/question/1979883

#SPJ4

The increasingly flexible strategies that corporations use to accumulate profits in an era of globalization, enabled by innovative communication and transportation technologies, are called time-space compression.

Time-space compression, also known also space-time decompression and time-space distanciation, is a Marxist idea that describes how the rise of capitalism has changed space-properties time's and the link between space and time. It is predicated on Karl Marx's assertion in the Grundrisse that "vacuum is demolished by time."

Time-space compression is exemplified by technological advancements like rail, cars, trains, and aircraft that blur or compress spatial and temporal distances. The globalization of finance is the driving force behind these developments. These innovations were created to get over physical limitations, expand the market, shorten manufacturing cycles, and speed up the transfer of money.

Learn more about globalization at

https://brainly.com/question/29438250?referrer=searchResults

#SPJ4

The correct answer is true the best salespeople care more about closing sales than they do on fostering deeper customer relationships.

A pull marketing technique aims to have a consumer actively seek out a product and persuade merchants to carry the item in response to this demand. because variables other than advertising also have an impact on sales and earnings. The components include sales promotion, personal selling, public relations, and advertising. While the most driving ideas for some salespeople will be money, prestige, and recognition. For many others, it's all about striking a balance between spending time with their loved ones, changing the world, learning new things, resolving challenging problems, and forming enduring relationships with customers.

To learn more about salespeople click the link below:

brainly.com/question/14013882

#SPJ4

Cl Werner is an example of a Hero Since the person created a business on his own will by driving a truck and built his own truck company with Werner enterprises.

What is an Enterprise?

An enterprise is an undertaking or activity that generates services or goods. There are two different business models:

1. Profit is the primary goal of all commercial enterprises.

2. Social companies offer services to community members and organizations.

Small businesses make up a large portion of local businesses. Sometimes a single person owns and operates the company. It is occasionally a family-run business. Some companies are owned and operated by unrelated partners.

A small business must turn a profit in order to generate income. That implies that after all expenses associated with producing the good or providing the service have been deducted, there should be some money left over for the business owner.

To learn more on Enterprise from the link:

https://brainly.com/question/668263

#SPJ4

The process is called Mentoring Program. Therefore, the second option is the correct answer.

Organizations can provide employees with the chance to mentor others or be mentored themselves by senior leaders by implementing a mentoring programme. The objective is to pair knowledgeable individuals with those who could benefit from their advice. It is likely that mentorship of some kind, whether informal or official, exists in the majority of organisations.

Workplace mentoring is more than just a noble endeavour. Numerous studies have been conducted to illustrate the benefits that mentoring has for businesses.

There are numerous obvious reasons why businesses should be concerned about offering mentorship to their staff. For starters, it's simply the correct thing to do if they want workers who enjoy going to work every day.

Learn more about Mentoring Program here: https://brainly.com/question/28920879

#SPJ4

Complete question:

Adam has joined an advertising firm as a junior executive. Due to his lack of experience, he has a lot to learn and has been assigned as a protégé to Mark, a senior executive in the firm, who will assist in training and assessing his performance. This process of internal assessment is called

Skills inventoryingMentoring programJob knowledge assessingPerformance reviewing

Corporate social responsibility (CSR) is a self-policing business model that enables an organization to be socially responsible to its customers, stakeholders, and the general public.

What is Corporate social responsibility?

Corporate social responsibility is a business strategy whereby organizations make a conscious effort to conduct their operations in a way that benefits society and the environment rather than harms it. Companies can be aware of the kind of impact they are having on all facets of society, including the economic, social, and environmental, through corporate social responsibility, also known as corporate citizenship. CSR aids in enhancing a number of social issues as well as enhancing businesses' reputations. Programs that promote corporate responsibility are also a wonderful approach to boost workplace morale. CSRs are frequently divided into four groups: financial obligations, philanthropic activities, ethical duty, and environmental implications. Ben & Jerry's and Starbucks are two examples of businesses who aim to be CSR leaders.

To know more about Corporate social responsibility visit: brainly.com/question/13528806

#SPJ4

Restrictions on transborder data privacy laws is the trade barrier at work in the scenario of stated question.

What does Data privacy mean?

The practice of keeping information secure and confidential is known as "data privacy." It entails safeguarding data against unauthorized access and ensuring that only authorized individuals have access to it. It also entails ensuring that information is used in ways that are consistent with an individual's privacy expectations. Data privacy encompasses a variety of practices, including data collection, storage, sharing, transfer, processing, and destruction.

What is an Trade Barrier?

A "trade barrier" is a government-imposed restriction on the import or export of goods and services in order to protect the domestic market from foreign competition. Tariffs, quotas, subsidies, and other non-tariff barriers, such as regulatory and technical barriers, are examples of these barriers. Trade barriers are frequently used to shield domestic industries from foreign competition, to safeguard human health or the environment, or to ensure national security.

To know more about Tariffs,

https://brainly.com/question/24213009

#SPJ4

The answer to the given question about MNC expanding it's market share in new foreign country is option d) Agent.

An agent who is given ownership of the items that will be sold under their name is known as a commission agent. a businessperson who makes money by reselling other people's property. a person who is entrusted with a secret mission, frequently to make a wager. A commission agent may be responsible for a variety of tasks, such as marketing research, lead generation—setting up connections between buyers and sellers—creating proposals, taking part in sales negotiations and closing, delivering products, brand and image building, and account management. A qualifying agent is a person who is an officer, director, partner, proprietor, or manager of a contract security firm and who has significant control over how that company does its business by making important technical and administrative decisions that affect the job.

Question

A MNC is interested in expanding its market share in a new foreign country. to begin, they have decided to hire a local representative to act on their behalf who will be paid a quarterly commission based on the volume of products sold. they are using a(n)

a) Public Channel

b) Freight Back - warder

c) Freight Forwarder

d) Agent.

To learn more about Agent click here

brainly.com/question/7495533

#SPJ4

The most plausible reason is that the presence of wolves led to a decline in elk numbers, which encouraged a greater growth of riverfront trees, which in turn produced logs for beaver lodges and habitats for songbirds.

Yellowstone National Park: What is it?

The Greater Yellowstone Ecosystem, one of the remaining, largest, and nearly intact natural ecosystems in the temperate zone of the planet, is centered on the park. It maintains a remarkable diversity and concentration of terrestrial, marine, and microbial life.

Elk numbers must have decreased as a result of the wolves that were brought into the habitat preying on the herd.

Elk numbers are declining, which results in decreased predation on riverfront trees, allowing them to flourish more abundantly.

The flourishing riverfront trees offer songbirds with a place to make nests and timber for beaver lodges.

To know more about Yellowstone National Park, visit:

https://brainly.com/question/29106232

#SPJ4

The intrinsic value of an option to buy stock (i.e., a call option) is the difference between the price of the stock and the per share exercise price of the option is true.

What is an intrinsic value?

In the world of finance, a value determined using simplfi ed assumptions is known as the intrinsic value of an asset. The intrinsic value of an option, for instance, is based on the underlying asset's present market value, but it disregards the likelihood of future volatility and the time value of money.

In-the-money options are considered to have inherent value. Its inherent value is 0 when out-of-the-money. The profit that may be made by exercising an option immediately is known as the "immediate value" or "current value" of the contract. This is also true for options.

The difference in absolute value between the current price of the underlying (S) and the option's strike price (K) is used to determine an option's intrinsic value when it is in the money.

To learn more about an intrinsic value from the given link

https://brainly.com/question/14728234

#SPJ4

the intrinsic value of an option to buy stock (i.e., a call option) is the difference between the price of the stock and the per share exercise price of the option. the intrinsic value of an option to buy stock (i.e., a call option) is the difference between the price of the stock and the per share exercise price of the option. false true

The product's selling price is reduced as a result of the discount, making it more appealing to customers.

What is rebate in business?

Limits are decreases of the standard cost of an item or administration to get or increment deals. Retailers and manufacturers alike make use of these discounts, which are also referred to as "sales" or "markdowns" on a regular basis.

In math, what is a discount?

The difference between the purchase price and its par value is the discount. A reduction or deduction in a product's cost price is known as a discount.

Discount applied by customer = 200,000 x 90% x 20% = $36000

Discount applied by customer = 3% of 36000 = $1080

On the tenth day, total amount received = 36000-1080 = $34,920

To learn more about discount here:

https://brainly.com/question/3541148

#SPJ4