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leva [86]
3 years ago
9

Select the items from the following list that are included in financial literacy.

Business
1 answer:
erastovalidia [21]3 years ago
4 0
All of these are included in financial literacy
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Sarah’s Organic Soap Company makes organic liquid soap. One of the raw materials for her soaps is organic palm oil. She needs 90
Nuetrik [128]

Answer:

$1905

Explanation:

Here we will have to calculate Economic Order Quantity to lower the ordering ordering and holding cost as much as we can. So here we will use the following formula to calculate the best number of units that we should order, which is as under:

Economic Order Quantity = SquareRoot (2 * Annual Demand * ordering cost per order / Holding cost per unit per year)

Here

Annual Demand = 900kg of palm oil per day  * 52 weeks *  5 day a week / 7

Annual Demand = 900 * 52 * 5 / 7 = 33,429

And

Ordering cost per order = $57 per order

Annual holding cost per unit per year is 20% of $5.25 per kg which is $1.05.

So by putting values, we have:

Economic Order Quantity = Square Root (2 * 33,429 * 57 / 1.05)

Economic Order Quantity = 1905 kgs

4 0
3 years ago
The following are the 20X2 transactions of the Midwest Heart Association, which has the following funds and fund balances on Jan
abruzzese [7]

Answer:

Midwest Heart Association

1. Journal Entries:

1. Debit Pledges Receivable $700,000

  Credit Pledges Revenue $700,000

To record unrestricted pledges received.

1. Debit Uncollectible Expense $56,000

  Credit Allowance for Uncollectibles $56,000

To record 8% of uncollectible pledges.

2. Debit Temporarily restricted net assets $150,000

   Credit Pledges Receivable $150,000

To record receipt of restricted use grants.

3. Debit Unrestricted net assets $520,000

   Credit Pledges Receivable $520,000

To record current pledges collected

3. Debit Allowance for Uncollectible $26,000

   Credit Uncollectible Expense $26,000

To record the write-off of $30,000 remaining uncollected pledges.

4. Debit Office Equipment $15,000

   Credit Unrestricted net assets $15,000

To record the purchase of office equipment

5. Debit Building Mortgage $3,000

   Credit Unrestricted net assets $3,000

To record the payment of mortgage on buildings.

6. Debit Unrestricted net assets $27,200

   Debit Temporarily restricted net assets $5,400

   Credit Interest and dividends Revenue $32,600

To record the receipt of interest and dividends.

6. Debit Permanently restricted net assets $1,000

   Debit Unrestricted net assets $5,000

   Credit Sale of Endowment Investment $6,000

To record the sale and gain of endowment investments.

7. Debit Depreciation Expense:

  Community services $ 12,000

  Public health education $7,000

  Research $10,000

  Fundraising $15,000

  General and administrative $9,000

Credit Accumulated Depreciation $53,000

To record depreciation expense for the year.

8. Debit Other expenses:

 Community services $ 250,600

 Public health education $100,000

 Research $81,000

 Fundraising $39,000

 General and administrative $61,000

Credit Unrestricted net assets $531,600

To record other expenses.

Debit Clerical services expense $2,400

Credit Donated clerical services $2,400

To record the receipt of donated clerical services.

b. Statement of Activities for the year ended December 31, 20X2:

Revenue:

Pledges                                  $700,000

Interest and dividends              32,600

Sale of Endowments                   6,000   $738,600

Depreciation expense:

  Community services           $ 12,000

  Public health education        $7,000

  Research                              $10,000

  Fundraising                          $15,000

  General & administrative      $9,000       53,000

Other expenses:

 Community services        $ 250,600

 Public health education     $100,000

 Research                               $81,000

 Fundraising                          $39,000

 General and administrative $61,000      531,600

Clerical services expense                          $2,400

Change in net assets                              $151,600

Explanation:

a) Data and Calculations

1. Unrestricted net assets

Beginning balance           $ 281,000

Pledges receivable            520,000        

Office equipment                (15,000)

Building mortgage               (3,000)

Interest and Dividends       27,200

Sale of Endowment              5,000

Other expenses              (531,600)

Ending balance             $278,600

2. Temporarily restricted net assets

Beginning balance            $ 87,000

Restricted use grants      $150,000

Interest and Dividends          5,400

Ending balance               $242,400

3. Permanently restricted (endowment) net assets

Beginning balance          $ 219,000

Gain from Endowment           1,000

Ending balance               $220,000

b) Midwest Heart Association's Statement of Activities is the financial statement that shows the revenues and expenses of the association, including the change in net assets during a period.  It is like the income statement of a profit-making entity that shows revenue and expenses.  While the excess in revenue over expenses is called net income for a profit-making entity, it is called change in net assets for a non-profit-making organization like Midwest Heart Association.

5 0
3 years ago
________ means that service quality depends on the quality of buyer-seller interaction during the service encounter.
Anika [276]

Answer: interactive marketing

Explanation:

Interactive marketing is also referred to as event-driven marketing or trigger based marketing and it simply has to do with using an effective communication which is two-ways to enable the consumers connect directly with a company.

Interactive marketing means service quality depends on the quality of buyer-seller interaction during the service encounter.

3 0
3 years ago
1.   What form of departmentalisation did the construction company responsible for building the taxi rank followed? Elaborate   
Vikentia [17]

The form of departmentalisation that the construction company responsible for building the taxi rank followed was <u>product departmentalization</u><u>.</u>

Product departmentalization is peculiar to a bug company that deals with multi-products. Construction company may be responsible for taxis, trucks or buses. Construction company responsible for taxi rank in this case grouped all the activities related to the taxis in a specific department.

Product departmentalization becomes vital when producing, marketing, and handling of every product hold certain importance for the company. It requires the company to ensure specialized production facilities.

<h3>What is departmentalization?</h3>

Departmentalization is an establishment structure that divides people into groups, or departments, based on certain sets of criteria. These departments have their own leadership and work together to complete tasks.

Therefore, the correct answer is as given above

learn more about departmentalization: brainly.com/question/6229273

#SPJ1

7 0
1 year ago
List the four responsibilities businesses have to customers.
Rainbow [258]

Answer:

good luck bro you got this

Explanation:

to provide after-sale service on the basis of the nature of a product

to provide information about the changes introduced by the business

to take necessary steps to improve quality, reduce price and develop the network for distribution

to supply better quality goods at the right time at a reasonable price

4 0
3 years ago
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