The federal government's use of taxation and spending policies to affect overall business activity is called

The following information was drawn from the Year 1 accounting records of Ozark Merchandisers: Inventory that had cost $15,000 w

Westkost [7]

Answer :

1. A. Operating activities.

2. The sale price of the land should be shown in the investing activities

$25,813.20

Explanation :

As per the data given in the question,

The interest expense is reported in the operating activities section of the cash flow statement

Net sales = Gross sales - Sale returns - Sales discounts

=$27,000 - $660 - $526.80

= $25,813.20

The sales discount is come from

= ($27,000 - $660) × 2%

= $526.80

The preparation of the multi step income statement is presented below:

Ozark Merchandisers

Income Statement

Net sales revenue $25,813.20

Less: Cost of goods sold ($15,000 - $400) $14,600

Gross profit $11,213.20

Less: expenses

Selling and administrative expense $2,835

Income from operations $8,378.2

Add: Gain on sale of land $900 ($6,900 - $6,000)

Less: Interest expense $200

Net income $9,078.20

The sale price of the land i.e $6,900 should be shown in the investing activities as it reflects the cash inflow position

This is the answer and the given options are incorrect

3 0

3 years ago

You work for a marketing firm that has just landed a contract with Run-of-the-Mills to help them promote three of their products

ZanzabumX [31]

Answer:

See explanation below

Explanation:

Here, when the price of guppy gummies increases by 5%, the quantity of raskels sold decreases by 4% and the quantity of cannes sold increases by 5%.

i.e, % change in price of guppy grummies = 5%

% change in quantity of raskels = -4%

% change in quantity of cannes = 5%

i) Find the Cross price elasticity of demand between guppy grummies and raskels. Use the expression below.

% change in quantity demanded of raskels / % change in price of guppy gummies

= -4% / 5%

= -0.8

Substitute goods have a negative cross price elasticity of demand. Since, the cross price elasticity of demamd here is negative, the goods are substitute.

It is recommended not to advertise raskels with guppy grummies

ii) Find the Cross price elasticity of demand between guppy grummies and cannes. Use the expression below.

% change in quantity demanded of cannes / % change in price of guppy gummies

= 5% / 5%

= 1

Complement goods have a positive cross price elasticity of demand. Since, the cross price elasticity of demamd here is positive, the goods complement each other.

It is recommended to advertise cannes with guppy grummies.

5 0

3 years ago

Maya got a job transfer from Italy to New York. After working for some time in New York, she started to understand the mental mo

alisha [4.7K]

Answer:

C. The capacity to empathize and act effectively across cultures.

Explanation:

Since in the question it is mentioned that the use the words and behavior that are compatible with the new york local culture so here the global mindset that arise in her life represent the attribute with related to the capacity for empathizing and it act effectively over and across the culture

so as per the given situation, the option c is correct

7 0

3 years ago

Which of the following are all strategies for improving productivity in services? A. high interaction, mass customization, se

MissTica

Answer:

E. separation, self-service, automation, and scheduling.

Explanation:

Increase in productivity in a business aims to increase the efficiency of an individual or process involved in production of useful output.

Strategies for improving productivity includes separation, self-service, automation, and scheduling.

When there is seperation in services available to a customer, they easily identify the most relevant one to them.

Self service gives control of the process to the customer, resulting in greater satisfaction.

Automation reduces the turnaround time of processes and refocuses labour to more complex activities. So production efficiency increases.

Scheduling reduces time wastage by assigning time to complete activities.

4 0

3 years ago

Which of the following statements is true of just-in-time (JIT) purchasing? A. Only disadvantage of JIT purchasing is the high

m_a_m_a [10]

Answer:

B. In JIT purchasing, raw materials (or goods) are purchased so that products are delivered just as needed for production or sales.

Explanation:

JIT stands for Just in time management. It is an inventory management approach that advocates for the purchase of materials just when they are needed for production. In JIT, there is no storing of materials for use for future production. The purchase of materials is aligned with the production process.

The success of JIT is dependent on management ability to forecast sales volumes accurately. Management must work with reliable suppliers to ensure that materials are available when required. JIT lower's the cost of inventory management by eliminating the need to store huge quantities of materials. It reduces wastage by doing away with losses that arise due to the storage of bulk materials.

8 0

3 years ago