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ollegr [7]
3 years ago
9

Bags Galore, a leading online retailer, uses the services of Data Safe Inc., a small startup that helps companies manage and kee

p their electronic data safe. This helps Bags Galore keep a backup of its proprietary information in case of virus attacks or any sort of damage to property. This is an example of:_______. a. supply chain management.b. contingency planning.c. enterprise resource planning.d. value chain management.e. materials requirement planning.
Business
1 answer:
Genrish500 [490]3 years ago
5 0

Answer: Contingency planning

Explanation:

Contingency planning is a method of planning for the worst possible outcome, incase it happens. Bags galore plan to store vital data on Data inc. is a form of contingency plan, done to back-up their vital data in case of a virus attack on their systems.

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Interest versus dividend expense Michaels Corporation expects earnings before in- terest and taxes to be $50,000 for the current
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Answer:

a. In case of interest paid = $24,700.

b. In Case Preferred Dividend is Paid = $20,500

Explanation:

Earnings before Interest And Taxes (EBIT) = $50,000

a. In case of interest paid

EBIT = $50,000

Less: Interest = $12,000

Earnings Before Taxes = $50,000 - $12,000 = $38,000

Less: Tax @35% = $38,000 X 0.35 = $13,300

Earnings After Tax =$38,000 - $13,300 = $24,700.

This is the value available for common stock.

b. In Case Preferred Dividend is Paid

EBIT = $50,000

Less: Taxes @ 35 % = $50,000 X 0.35 = $17,500

Earnings After Tax = $50,000 - $17,500 = $32,500

Less: Preference Dividend = $12,000

Earnings available for equity or common stock = $32,500 - $12,000 = $20,500

The difference is of tax benefit on payment of interest as that is taxable and preference dividend is not taxable.

a. In case of interest paid = $24,700.

b. In Case Preferred Dividend is Paid = $20,500

7 0
2 years ago
Ophelia Inc. just learned that Patton Inc., one of its customers with an outstanding accounts receivable balance, filed for bank
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Answer:

Ophelia Inc.

Assuming that the company utilizes the allowance method, Ophelia should record a(n):

decrease in Accounts Receivable

Explanation:

This means that the accounts receivable will be credited while the allowance for doubtful accounts is debited to record the decreased value.  The Patton Inc. account may not be recovered fully.  However, the amount of the decrease depends on the amount that can be recovered from Patton.  Thereupon, the accounts receivable will first be credited with the cash recovered with the corresponding debit entry in the Cash account.

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In order to encourage employee ownership of the company’s $1 par common shares, Washington Distribution permits any of its emplo
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Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

6 0
3 years ago
For the office supplies account on the worksheet, the trial balance has a debit balance of $1,200 and a $900 debit balance on th
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Answer: 300 Credit

Explanation:

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1 year ago
THe section of the comprehensive annual finanial report that presents tables and charts showing social and econimoc data in addi
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Answer:

Statistical Section

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The statistical section of comprehensive annual financial report contains details of  most of PESTLE factors in numeric terms that shows to what extent these things will either affect or help the organization in near future.

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