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3 years ago

The following is the information for the Brendan's Bread bakery company.

Business

1 answer:

PilotLPTM [1.2K]3 years ago

8 0

Answer: $205,100

Explanation:

Cost of materials is the total amount spent on the materials that were used for production in the current period.

Formula is:

= Beginning raw material inventory + Raw material purchases - Ending raw material inventory

= 53,200 + 210,000 - 58,100

= $205,100

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1.List the three steps of the planning phase of the strategic marketing process. Briefly describe the core elements and the purp

anygoal [31]

Answer:

1.List the three steps of the planning phase of the strategic marketing process.

The three sepecifc steps are:

Defining target audience - in this step, a segment of the market is chosen as the target for the good or service. (for example, young people, old people, wealthy people, poor people, etc).
Setting measurable goals - in this step, a specific sales volume goal is determined.
Developing budget - in this step, a detailed budget is developed in order to carry out the strategy that should help the company reach its marketing goal (previous step).

2.Which demographic cohorts are also known as the Millennial and Z Generations?

Millenials: those born between 1981 and 1996. They tend to be progressive, and be interested in social media, internet culture, and technology.

Generation Z: those born between 1996 and and the early 2010s. They are much like millenials but even more so: more progressive, more interested in technology, and in social justice causes.

This information is crucial for marketers because they help complete the first step in the marketing planning process: targeting an audience. The demographic cohorts are in fact, market segments, albeit very broad ones.

3.Explain the actions and considerations that relate to the five stages of the consumer purchase decision process.

Problem or need recognition: in this stage, the customer becomes aware of a need that has not been met.

Information search: the customer looks for a product or service that can meet his needs.

Evaluation of alternatives: the customer chooses among the goods or services that could meet his needs.

Purchase: the customer completes the market transaction: the purchase of the good or service.

Post-purchase behaviour: the customer makes use of the product, or service, and decides whether his need was satisfied or not. ALso decides whether to buy the same good or service in the future or not.

3 0

3 years ago

Hank, a calendar-year taxpayer, uses the cash method of accounting for his sole proprietorship. In late December, he performed $

drek231 [11]

Answer: a. $14,000

b. $14,106

c. January

2. $15,535

Explanation:

a. If Hank sends the bill in December.

Tax rate is 30% this year.

Amount is $20,000

After Tax Income = 20,000 * (1 - tax)

= 20,000 ( 1 - 30%)

= $14,000

b. If Hank pays Next year

Tax rate is 33%

After tax return rate of 12%

Amount is 20,000

Tax = 20,000 * 33%

= $6,600.

Because this is next year, the present value of the tax needs to be computed for better comparison.

With an after tax return of 12%, the PV will be,

= 6,600 * PV factor ( 12%, 1 period)

= 6,600 * 0.893

= $5,894

The income therefore will be,

= $20,000 - 5,894

= $14,106

c. Hank should pay in January as he would make more income.

2. Tax rate is 25% next year and income is to be received next year.

Tax = 20,000 * 25%

= $5,000

PV of $5,000 = 5,000 * PV Factor (12%, 1 period)

= 5,000 * 0.893

= $4,465

After tax income = 20,000 - 4,465

= $15,535

5 0

4 years ago

Huron Investments issues $1 million in 13.250% bonds maturing August 11, 2028. The bond is callable August 11, 2023 at a call pr

Whitepunk [10]

Answer:

Huron Investments issues $1 million in 13.250% bonds maturing August 11, 2028. The bond is callable August 11, 2023 at a call premium of 2.500%. August 11, 2023 the prevailing yield is 5.250%. If Huron Investments calls the entire issue and replaces it with 5.250% bonds also maturing August 11, 2028 then each semi-annual coupon payment will decrease by $125,000

Explanation:

Change in semi-annual coupon = (13% - 6.75%) x 4m / 2 = $125,000

6 0

3 years ago

National Orthopedics Co. issued 9% bonds, dated January 1, with a face amount of $500,000 on January 1, 2021. The bonds mature o

Levart [38]

Answer:

Total $483,841.9681

cash 483,842 debit

discount on BP 16,158 debit

Bonds Payable 500,000 credit

attached the schedule

interest expense 24,192.1 debit

discount on BP 1,692.1 credit

cash 22,500 credit

interest expense 24276.7 debit

discount on BP 1776.7 credit

cash 22500 credit

Explanation:

The price of the bonds is the present valeu of the maturity and coupon payment at the market rate:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

Coupon payment:

22,500.000 (500,000 x 9% /2 )

time 8 (4 years x 2 payment per year)

rate 0.05 (10% / 2)

$22500 \times \frac{1-(1+0.05)^{-8} }{0.05} = PV\\$

PV $145,422.2871

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 500,000.00

time 8.00

rate 0.05

$\frac{500000}{(1 + 0.05)^{8} } = PV$

PV 338,419.68

PV c $145,422.2871

PV m $338,419.6810

Total $483,841.9681

We compare against face valeu to deteminate wether is premium or discount.

procceds 483,842

face value 500,000

discount on bonds payable -16,158

As lower it is a discount.

For the interst we calcualte doing market rate times carrying value at the time given.

then we subtract the cash outlay and the difference is the amortization in the discounts

5 0

3 years ago

Your annual assessment of your assets, liability, and equity is known as a(n)

Komok [63]

Im not even in business and I know it is a balance sheet

4 0

3 years ago

Read 2 more answers