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Pavel [41]
2 years ago
6

Marcus is the owner of four Pizza Pizzazz restaurants in Santa Fe. Although the employee selection and training aspects of his b

usiness are carried out within the company, the payroll function is carried out by another local company. In this scenario, Marcus is _____ the payroll function of his business.
Business
1 answer:
arlik [135]2 years ago
5 0

Answer:

<u>a. outsourcing</u>

Explanation:

Simply put Outsourcing done by Marcus implies that he hires or goes out to find another company to perform payroll function for the company.

He feels the employees selection and training aspects of his business can best be handled within the company.

This decision may provide the following advantages to Marcus:

  • Increased efficiency,
  • Cost reduction,
  • Eliminates recruiting and training of pay-rolling personnel.
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You determined the following information for Big Rapid's Supplies: It has a receivables turnover rate of 23.5 a payables turnove
wlad13 [49]

Answer:

35 days

Explanation:

Receivables turnover rate = 23.5

Payables turnover rate = 12.5

Inventory turnover rate = 19.15

Length of firm's operating cycle :

(Days sales in inventory + average collection period)

Days' sales in inventory = (365 days / inventory turnover ratio)

Days' sales in inventory = (365 / 19.15)

Days's sales in inventory = 18.717 days

Average collection period : (365 / accounts receivable turnover ratio)

Average collection period = (365 / 23.5)

Average collection period = 15.531

(18.717 + 15.531)

= 34.248

= 35 days

4 0
2 years ago
​Pam, Pru, and Pat are deciding how they will celebrate the New Year. Pam prefers to go on a​ cruise, is happy to go to​ Hawaii,
bearhunter [10]

Answer: Option (b) is correct.

Explanation:

Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.

If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.

The preferences of Pam, Pru and Pat are given. Therefore, according to their preferences, the opportunity cost of the trip to Hawaii for Pam and Pat is a cruise and for Pru is a skiing.  

7 0
2 years ago
Read 2 more answers
Patterson Company reported stockholders’ equity of $75,000 at the beginning of the year. During the year, the company recognized
fiasKO [112]

Answer:

stockholders equity at the end of the year is $95000

Explanation:

given data

equity = $75000

net income = $15000

additional investment = $10000

dividend = $5000

to find out

stockholders equity at the end of the year

solution

we will find here stockholders equity that is express as

stockholders equity = Net income + equity  - Dividends + Additional investment .....................1

put here value in equation 1 we get

stockholders equity = 15000 + 75000 - 5000 + 10000

stockholders equity = 95000

so stockholders equity at the end of the year is $95000

8 0
2 years ago
CatNap Company has two products: Kittyz and Katz. A March sales forecast projects 20,000 units of Kittyz and 15,000 units of Kat
Brut [27]

Answer:

The total March sales that Kittyz anticipated is $100,000.

Explanation:

The details of beginning and ending inventory are irrelevant for sales; they are relevant only for production quantity.

total March sales for Kittyz anticipated = 20000*$5

                                                                 = $100,000

Therefore, The total March sales that Kittyz anticipated is $100,000.

8 0
2 years ago
Moore’s Inc. will be making lease payments of $3,895.50 for a 10-year period, starting at the end of this year. If the firm uses
labwork [276]

Answer:

PV of lease annuity is $25000

Explanation:

As the paymengt will be made at the end of the year, the annuity is an ordinary annuity. We will calculate the present value of the ordinary annuity using the following formula,

PV Annuity = PMT * [( 1 - (1+r)^-n) / r]

Where,

  • PMT is periodic payment
  • r is discount rate per peiod
  • n is number of periods

Thus,

PV of annuity = 3895.5 * [( 1 - (1+0.09)^-10) / 0.09]

PV of annuity = $24999.985 rounded off to $25000

7 0
2 years ago
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