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Anettt [7]
3 years ago
13

Problem location and definition is the first step toward finding a solution to a marketing problem or launching a research study

. the first sign of a problem
Business
1 answer:
Lina20 [59]3 years ago
5 0
Problem location and definition is the first step toward finding a solution to a marketing problem or launching a research study. The sign of a problem is usually a departure from some normal functions, for instance, failure to attain objectives.
You might be interested in
The owner of a bicycle repair shop forecasts revenues of $236,000 a year. Variable costs will be $69,000, and rental costs for t
maria [59]

Answer:

A. $71,200

Bi)$100,200

Bii)$100,200

Biii)$100,200

Explanation:

A. Preparation of an income statement for the shop based on thee estimates

INCOME STATEMENT

Revenues $236,000

Expenses:

Variable costs $69,000

Rental cost $49,000

Depreciation $29,000

Total Expenses $147,000

Tax profit $89,000

($236,000-$147,000)

Less Income Tax (at 20%) $17,800

(20%*$89,000)

Net Income $71,200

($89,000-$17,800)

Therefore Net Income will be $71,200

bi) Calculation for the operating cash flow by using dollars in minus dollars out method

Using this formula

Operating cash flow=Revenue-Cash expenses-Taxes

Let plug in the formula

Operating cash flow=$236,000-($69,000+$49,000)-$17,800

Operating cash flow=$236,000-$118,000-$17,800

Operating cash flow=$100,200

Therefore the operating cash flow by using dollars in minus dollars out method will be $100,200

bii) Calculation of the operating cash flow by using adjusted accounting profits,

Adjusted accounting profit=$71,200+$29,000

Adjusted accounting profits=$100,200

Therefore the operating cash flow by using adjusted accounting profits will be $100,200

biii)Calculate the operating cash flow by using after tax operating cash flow

After tax operating cash flow=[$236,000-($69,000+$49,000)]*(1-0.20)+(0.20*$29,000)

After tax operating cash flow=($236,000-$118,000)*0.80+$5,800

After tax operating cash flow=($118,000*0.80)+$5,800

After tax operating cash flow=$94,400+$5,800

After tax operating cash flow=$100,200

Therefore the operating cash flow by using after tax operating cash flow will be $100,200

4 0
2 years ago
Many times when working with a new manager, Amy, a successful small-business owner, asks the manager, "What management method do
Mademuasel [1]

Answer:

False

Explanation:

Contingency approach, also known as situational approach, is a concept in management stating that there is no one universally applicable set of management principles to organizations. Organization's are individually different, face different situations, and require different ways of managing.

3 0
3 years ago
BE22-4 Gundy Company expects to produce 1,200,000 units of Product XX in 2017. Monthly production is expected to range from 80,0
anzhelika [568]

Answer:

\left[\begin{array}{cccc}Range&80,000&100,000&120,000\\ Materials&400,000&500,000&600,000\\ Labor&480,000&600,000&720,000 \\ Overhead&640,000&800,000&960,000 \\ Variable&1,600,000&2,000,000&2,400,000 \\ Depreciation&200,000&200,000&200,000 \\ Supervision&100,000&100,000&100,000 \\ Fixed&300,000&300,000&300,000\\ Total&1,960,000&2,300,000&2,700,000\\\end{array}\right]

Explanation:

We multiply the variable component for each relevant range.

Then for the fixed cost, we post the total.

Notice it is given for 1,200,000 units

so total depreciation 1,200,000 x 2 = 2,400,000 = 200,000 per month

Supervisor  1,200,000 x 1 = 1,200,000 = 100,000 per month

5 0
3 years ago
The board of directors of Capstone Inc. declared a $0.90 per share cash dividend on its $2 par common stock. On the date of decl
Bas_tet [7]

Answer:

A. Dividends 11,700 Dividends Payable 11,700

Explanation:

The journal entry to record the dividend declared is shown below:

Dividend A/c Dr $11,700

     To Dividend payable $11,700

(Being the dividend is declared)

The computation is shown below:

= (Number of shares issued - treasury stock) × cash dividend per share

= (20,000 shares - 7,000 shares) × $0.90

= 13,000 shares × $0.90

= $11,700

6 0
3 years ago
Froya Fabrikker A/S of Bergen, Norway, Is a small company that manufactures specialty heavy equipment for use In North Sea oil f
solmaris [256]

Answer:

1) JOURNAL ENTRIES

a) Debit Material Account $290,000 Credit Accounts Payable $290,000

b) Debit Work in process $ 275,000 Credit Material Account $275000

c) Debit Factory overheads $69300, Debit Selling and admin (utility expense) $7,700 Credit Accounts Payable $77,000

d) Debit Work in process $320,000 Debit Factory overheads $108,000

Credit Salary and wages Payable $428,000

e) Debit Factory overheads $72,000 Credit Accounts payable $72,000

f) Debit Selling and admin expense (Advertising) $154,000 Credit Accounts payable $154,000

g) Debit Debit depreciation expense $90000 Credit Accumulated depreciation on Factory equipment $67,500 Credit Accumulated depreciation on selling and admin facilities $22,500

h)Debit Factory rent $92000 Debit selling and admin rent $23000 Credit Accounts payable $115000

i) Debit Work in process $417,100 Credit Manufacturing overhead costs $417,100

j) Debit Finished goods $950,000 Credit work in process $950,000

k) Debit Accounts receivables $2,100,000 Credit Revenue $2,100,000

    Debit cost of sales $980,000 Credit Finished goods $980000

2)   DR                                     Raw materials                                        CR

opening bal                48000             work in process                  275000

Accounts payable     290000            balance c/d                         63000

                                  338000                                                         338000

                                            work in process

opening balance             39000          finished goods                   950000

Raw materials                275000          balance c/d                       101100

salaries payable           320000

applied overheads      417100                                                        

                                    1051100                                                       1051100

                                           finished goods

opening balance             78000            cost of sales                  980000

work in process             950000           balance c/d                   48000

                                      1028000                                                1028000

                                            Manufacturing overheads

accounts payable                  69300            work in process    417100

salaries payable                    108000

accounts payable                  72000

depreciation                          67500

Accounts payable                92000

cost of sales (over)              8300

                                            417100                                                  417100

                            selling and admin overheads

Accounts payable                 7700           Profit and loss account    207200

Accounts payable               154000

Depreciation                        22500

Accounts payable               23000

                                            207200                                                     207200

                Accumulated depreciation on Factory equipment

         balance c/d   67500                    depreciation                             67500

               Accumulated Depreciation on selling and admin facilities

balance c/d      22500                 depreciation                                 22500

                                      Accounts payable

             balance c/d         638700   raw materials                     290000

                                                        accounts payable                  69300

                                                        accounts payable                  72000

                                                        Accounts payable                92000

                                                        Accounts payable                 7700

                                                       Accounts payable               154000

                                                       Accounts payable               23000

                                       638700                                                      638700

                                         cost of sale

Finished goods         980000                  manufacturing overheads 8300

                                                                  trading account               971700

                                 980000                                                             980000

                                                 sales

trading account                2100000        Accounts receivable          2100000

                                            trading account

cost of sales              971700             sales                       2100000

 gross profit             1128300

3) cost of goods manufactured

direct material                             275000

Direct labor                                 320000

applied overheads                     417100  

cost of goods manufactured  <u>1012100</u>

4a)  Debit Manufacturing overhead 8300 Credit cost of sales 8300

4b)  finished goods

opening                78000

work in process      950000

closing goods         48000

Cost of goods sold  <u> 980000</u>

5)INCOME STATEMENT

SALES                                                                         2100000

COST OF SALES                                                          -971700

gross profit                                                                  1128300

selling and admin costs                                            -207200

Net income                                                                $921100

Explanation:

5 0
3 years ago
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