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stealth61 [152]
3 years ago
9

Michael worked for a textile manufacturer during the first half of the 20th century. When the supply of his company's textiles e

xceeded customer demand, he realized that he would have to invest more money in advertising his products and go directly to his customers to convince them to purchase his products. Based on this scenario, Michael has most likely adopted the ________ orientation.
Business
1 answer:
Alexandra [31]3 years ago
5 0

Answer:

sales

Explanation:

Based on the scenario being described within the question it can be said that Michael has most likely adopted the sales orientation. This term refers to a business approach that focuses on mainly persuading individual customers to purchase the company's product as opposed to understanding the customer's needs or marketing to a larger audience.

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Treasury Stock Transactions SprayCo Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On M
Thepotemich [5.8K]

Answer: Please see explanation column for answers.

Explanation:

a)Journal to record the  transactions of SprayCo Inc.

Date                 Account                                 Debit                 Credit

march 9   Treasury stock (62,000 x $51)  $3,162,000

           Cash                                                                            $3,162,000

June 9      Cash  (48,000 x $60)             $2,880.000

     Treasury stock (48,000 x $51)                                       $2,448,000    

Paid in Capital from sale of treasury stock                          $432,000  

 ($2,880.000- $2,448,000 )  

Nov 13      Cash  (7,500 x $54)                  $405.000

     Treasury stock (7,500 x $51)                                          $382,500    

Paid in Capital from sale of treasury stock                          $ 22,500

 ($405,000- $382,500 )

b)balance in Paid-In Capital from Sale of Treasury Stock on December 31 of the current year =$432,000  form June 9 +   $ 22,500 from November 13 =$454,500

6 0
3 years ago
Prepare an amortization schedule for a three-year loan of $84,000. The interest rate is 9 percent per year, and the loan calls f
Keith_Richards [23]

Answer:

Amortization Schedule

Year   Payment       Principal          Interest           Balance

1        35,560.00     28,000.00      7,560.00         56,000.00

2       33,040.00     28,000.00      5,040.00         28,000.00

3       30,520.00     28,000.00      2,520.00         0.00

Explanation:

Loan of $84,000.00 at 9% interest  with 3 annual payments  at Constant Principal Payments of  $28000 .

Total Payments: $99,120.00 Total Interest: $15,120.00

The Interest payment and principal amount is gradually decreased with principal value of the loan. The principal value at the end of the year 3 is zero.

7 0
3 years ago
Reynolds Construction's value of operations is $750 million based on the free cash flow valuation model. Its balance sheet shows
zhuklara [117]

Answer:

option (d) $500

Explanation:

Data provided in the question:

Reynolds Construction's value of operations = $750 million

short-term investments = $50 million

accounts payable = $100 million

notes payable = $100 million

long-term debt = $200 million

common stock = $40 million

retained earnings = $160 million

Now,

Firm value of equity

= Free cash flow value + Investments - Debt - Notes payable

= $750 million + $50 million - $200 million - $100 million

= $500 million

Hence,

the correct answer is option (d) $500

6 0
3 years ago
Last year Harrington Inc. had sales of $325,000 and a net income of $19,000, and its year-end assets were $250,000. The firm's t
anzhelika [568]

Answer:

8.94%

Explanation:

Firstly, we will need to find total equity and total debt of Harrington Inc inorder to apply the Dupont equation for getting ROE

Harrington's total debt = 15.00 % × $250,000

= $37,500

Harrington's total equity will be; applying accounting equation

Asset = Liabilities + Owner's equity

Owner's equity = Assets - Liabilities

= $250,000 - $37,500

= $212,500

Therefore, using the Dupont equation, we can calculate the ROE as;

(NI/Sales) × (Sales/Total assets) × (Total assets/Total common equity)

= 19,000/325,000 × 325,000 /250,000 × 250,000/212,500

= 8.94%

7 0
3 years ago
12. Why did Native Americans work to expand their rights?<br>​
blsea [12.9K]

I agree with the first person

5 0
3 years ago
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