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2 years ago

PLEASE HURRY

Business

2 answers:

tankabanditka [31]2 years ago

8 0

Answer:

C Wage

Explanation:

Wage is compensation paid per hour worked. The term wage is most applicable to piecemeal jobs. Wage is usually paid per hour, per day, per week, or a piece of work completed.

Wage differs from salary in that salary is a fixed amount of compensation paid after the lapse of an agreed time, mostly monthly. Wage is not a fixed amount but depends on the hours worked or the amount of work done.

tiny-mole [99]2 years ago

6 0

Answer:

Explanation:

i took test 80% -w- lol

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When you gave your friend a fifty-dollar bill for an iPod, you used money as a

Sonbull [250]

When you gave your friend a fifty-dollar bill for an iPod, you used money as a medium of exchange.
This is because you exchanged your money for an iPod.

4 0

2 years ago

Van Den Borsh Corp. has annual sales of $68,735,000, an average inventory level of $15,012,000, and average accounts receivable

pantera1 [17]

Answer:

The Cash Conversion Cycle is the number of days it takes management of a company to convert its inventory into cash on hand after its business transactions. It is a useful metric for measuring the effectiveness of management, especially for companies with inventory of goods for sale.

CCC combines the days of inventory outstanding, accounts receivable outstanding, less accounts payable outstanding to obtain a value based on days.

Therefore, the net change in the Cash Conversion Cycle (CCC) in this scenario is the difference between the previous CCC and the new one based on the new proposals.

a) Days Inventory Outstanding or DIO = Average Inventory divided by Cost of Goods Sold (COGS)per day. Cost of Goods Sold is 85% of sales.

DIO = $15,012,000 / $58,424,750 x 365 days = 94 days

b) Days Sales Outstand or DSO = Average Accounts Receivable divided by Revenue per day.

DSO = $10,008,000 /$68,735,000 x 365 days = 53 days

c) Days Payable Outstanding or DPO = Average Accounts Payable divided by COGS

DPO = 30 days, as given in the question

d) CCC = DIO + DSO - DPO

CCC = 94 + 53 - 30 = 117 days

Based on the new proposals, the CCC is calculated as follows:

a) DIO = $15,012,000 - $1,946,000 / $58,424,750 x 365 days = 82 days

b) DSO = $10,008,000 - $1,946,000 /$68,735,000 x 365 days = 43 days

c) DPO = 40 days as given.

New CCC = 82+43-40 = 85 days.

Therefore, the net change in the cash conversion cycle is 117 - 85 days, i.e. = 32 days.

Explanation:

The CCC has decreased by 32 days in the new scenario. This is an improvement worth pursuing by management.

CCC as a measure of management effectiveness is best obtained for many years in order to compare internally.

Another way it serves as a good measure is to compare the company's CCC with its competitors'.

8 0

2 years ago

Following are account balances (in millions of dollars) from a recent FedEx annual report, followed by several typical transacti

Paraphin [41]

Answer:

FedEx

1&2: T-accounts:

Cash

Account Titles Debit Credit

('millions) ('millions)

Balance 2,328

a. Delivery Service Revenue 17,600

c. Prepaid Expenses 3,728

c. Rent Expenses 10,136

d. Repairs Expenses 3,864

e. Accounts Receivable 24,285

f. Long-term Note Payable 350

g. Common stock 2

g. APIC 14

h. Salaries 15,276

i. Fuel Expenses 8,564

j. Accounts Payable 784

Balance 1,527

Prepaid expenses

Account Titles Debit Credit

('millions) ('millions)

Balance 329

c. Cash 3,728

Balance 4,057

Spare parts, supplies, and fuel

Account Titles Debit Credit

('millions) ('millions)

Balance 437

Accounts Receivables

Account Titles Debit Credit

('millions) ('millions)

Balance 4,581

a. Delivery Service Revenue 21,704

e. Cash 24,285

Balance 2,000

Other current assets

Account Titles Debit Credit

('millions) ('millions)

Balance 610

Property and equipment (net)

Account Titles Debit Credit

('millions) ('millions)

Balance 15,543

b. Long-term Note Payable 3,434

Balance 18,977

Other noncurrent assets

Account Titles Debit Credit

('millions) ('millions)

Balance 3,557

Accounts payable

Account Titles Debit Credit

('millions) ('millions)

Balance 1,702

j. Cash 784

Balance 918

Accrued expenses payable

Account Titles Debit Credit

('millions) ('millions)

Balance 1,894

Other current liabilities

Account Titles Debit Credit

('millions) ('millions)

Balance 1,286

Long-term notes payable

Account Titles Debit Credit

('millions) ('millions)

Balance 1,667

b. Property and Equipment 3,434

f. Cash 350

Balance 4,751

Other noncurrent liabilities

Account Titles Debit Credit

('millions) ('millions)

Balance 5,616

Common stock ($0.10 par value)

Account Titles Debit Credit

('millions) ('millions)

Balance 32

g. Cash 2

Balance 34

Additional Paid-in Capital

Account Titles Debit Credit

('millions) ('millions)

Balance 2,472

g. Cash 14

Balance 2,486

Retained earnings

Account Titles Debit Credit

('millions) ('millions)

Balance 12,716

Delivery Service Revenue

Account Titles Debit Credit

('millions) ('millions)

a. Accounts receivable 21,704

a. Cash 17,600

Balance 39,304

Rent Expense

Account Titles Debit Credit

('millions) ('millions)

c. Cash 10,136

Repairs Expense

Account Titles Debit Credit

('millions) ('millions)

d. Cash 3,864

Salaries Expense

Account Titles Debit Credit

('millions) ('millions)

h. Cash 15,276

Fuel Expense

Account Titles Debit Credit

('millions) ('millions)

i. Cash 8,564

3. Income Statement for the year ended May 31, 2015:

Delivery Service Revenue 39,304

Rent Expense 10,136

Repair Expense 3,864

Salaries Expense 15,276

Fuel Expense 8,564 37,840

Net Income 1,464

Explanation:

a) Account Balances on May 31, 2014:

Trial Balance as of May 31, 2014:

Account Titles Debit Credit

('millions) ('millions)

Cash 2,328

Prepaid expenses 329

Spare parts, supplies, and fuel 437

Receivables 4,581

Other current assets 610

Property and equipment (net) 15,543

Other noncurrent assets 3,557

Accounts payable 1,702

Accrued expenses payable 1,894

Other current liabilities 1,286

Long-term notes payable 1,667

Other noncurrent liabilities 5,616

Common stock ($0.10 par value) 32

Additional Paid-in Capital 2,472

Retained earnings 12,716

Totals $27,385 $27,385

Other transactions for year ending May 31, 2015:

a. Delivery Service Revenue $21,704 Account Receivable $21,704

Delivery Service Revenue $17,600 Cash $17,600

b. Equipment $3,434 Long-term Note Payable $3,434

c. Rent Expense $10,136; Prepaid (Rent) Expense $3,720 Cash $13,864

d. Repair Expenses $3,864 Cash $3,864

e. Cash $24,285 Accounts Receivable $24,285

f. Long-term Note Payable $350 Cash $350

g. Cash $16 Common Stock $2 APIC $14

h. Salaries Expense $15,276 Cash $15,276

i. Fuelling Expense $8,564 Cash $8,564

j. Accounts Payable $784 Cash $784

k. N/A

Trial Balance as of May 31, 2015:

Account Titles Debit Credit

('millions) ('millions)

Cash 1,527

Prepaid expenses 4,057

Spare parts, supplies, and fuel 437

Receivables 2,000

Other current assets 610

Property and equipment (net) 18,977

Other noncurrent assets 3,557

Accounts payable 918

Accrued expenses payable 1,894

Other current liabilities 1,286

Long-term notes payable 4,751

Other noncurrent liabilities 5,616

Common stock ($0.10 par value) 34

Additional Paid-in Capital 2,486

Retained earnings 12,716

Delivery Service Revenue 39,304

Rent Expense 10,136

Repair Expense 3,864

Salaries Expense 15,276

Fuel Expense 8,564

Totals $69,005 $69,005

3 0

2 years ago

Which of the following is a correct description of the crowding-out effect of deficit spending?

borishaifa [10]

Answer:

the options are missing, so I looked for them:

a. The buying of government bonds leads to lower interest rates, thereby reducing private investment.

b. The selling of government bonds leads to higher interest rates, thereby reducing private investment.

c. The selling of government bonds leads to lower interest rates, thereby reducing private investment.

d. The buying of government bonds leads to higher interest rates, thereby reducing private investment.

the answer is:

b. The selling of government bonds leads to higher interest rates, thereby reducing private investment.

Explanation:

The crowding out effect happens when the government increases its spending level in order to engage in an expansionary fiscal policy but someone needs to pay for this extra spending. In order for the government to finance their spending, they have to choose to either increase taxes or issue more debt. When they issue more debt, they end up decreasing private investment since money that could be used by private companies is used by the government instead.

5 0

2 years ago

The test manual reports a reliability coefficient (r) of .92, which means:

Lady bird [3.3K]

In statistics, reliability refers to how consistent a measurement scale is overall. Measurement scales with high reliability scores would be able to produce similar results when tested with groups of samples similar to the initial testing conditions.

Reliability scores are measured through reliability coefficient which spans from 0.0 to 1.0. What a reliability coefficient of 0.92 means is (B) 92% of the variance in scores is explained by real differences.

7 0

2 years ago