which group determines the acceptance of fashion A. fashion forecasters B. Designers C. consumers D. countries

A sales firm regularly enrolls some of its employees in a six-month marketing course with a leading university. At the end of th

Firlakuza [10]

Answer:

Externship

Explanation:

Externship refers to an agreement between the employer and university wherein the university imparts skills required by the employer from employees which relate to a particular job designation.

Externship enables the employees to gain a short term practical knowledge which is related to their job position. Externship, unlike internship is for a shorter duration and during such a course the volunteered employees supervise the learning process of the externs.

Such a concept is also referred to as Job shadowing.

7 0

2 years ago

Giglio Inc. has the following information for the previous year: Net income = $400; Net operating profit after taxes (NOPAT) = $

forsale [732]

Answer:

the free cash flow for the current year is zero.

Explanation:

Net income = $400; Net operating profit after taxes (NOPAT) = $500; Total assets = $2,000; and Total operating capital = $1700

Net income = $800; Net operating profit after taxes (NOPAT) = $700; Total assets = $2,300; and Total operating capital = $2,100.

current year:

operating profit after taxes 700

Capital expenditures: 2,000 - 2,300 = (300)

working capital expeneses 1,700 - 2,100 = (400)

free cash flow: 0

As assets increase the company use cash to increase his assets

Also, the operating capital increase the comapny pa debts, extend his collection cycle or any other desition which, increases his cahs needs.

Therefore the free cash flow for the year is zero.

7 0

2 years ago

Kingbird Company had the following select transactions. Apr. 1.2022 Accepted Goodwin Company's 12-month, 8% note in settlen July

Bad White [126]

Answer:

4/1/22: Dr Notes Receivable x

Cr Cash x

(to record the acceptance of $x from Goodwin Company's note)

7/1/22: Dr Notes Receivable 22,000

Cr Cash 22,000

( to record the acceptance of $22,000 from Slocombe notes)

12/31/22: Dr Interest Receivable (x x 8%) x (9 : 12)

Cr Interest Income (x x 8%) x (9 : 12)

(to record interest accured from Goodwin Company's note)

Dr Interest Receivable 1,210

Cr Interest Income 1,210

(to recored interest accured from Slocombe notes which is calculated as: 22,000 x 11% x (6/12) =1,210)

4/1/23: Dr Cash x

Cr Notes Receivable x

(to record collection of principle from Goodwin's note)

Dr Cash ( x x 8%)

Cr Interest Receivable (x x 8%) x (9 : 12)

Cr Interest Income (x x 8%) x (3 :12)

(to record interest income receipt on termination of Goodwin's note)

For Slocombe's notes, as Kingbird expects it will eventually collect, at 4/1/23, although Slocombe's note is due yet not paid, Kingbird does not book provision for bad debt regarding to this note. Besides, the income earned but not yet received in 2023 from holding this note will not be recorded because the adjusting entries once a year on December 31 and in fact it is not paid yet ( together with the note's principal amount).

Explanation:

The explanations have been given following each entry in the answer. Beside the rules of double entries in accounting, accural accounting has to be well-understood in order to answer this question right. Accrual accounting is the accounting which records incomes/expenses when they are earned/incurred, rather than when they are received/paid.

Thus, the interest income has been earned from the very first day holding the two companies' notes has to be recorded (accured) at the end of the year 2022 rather than when it is received in order to accurately reflect the business result of the year 2022. At this point, a simple calculation ( as shown in the answer) needs to be done to determine an accurate amount of interest income to be booked for 2022.

8 0

2 years ago

Tipton Processing maintains its internal inventory records using average cost under a perpetual inventory system. The following

ohaa [14]

Answer:

1. Determine the amount Tipton would calculate internally for ending inventory and cost of goods sold using average cost under a perpetual inventory system.

COGS = $936,000
Ending inventory = $184,000

2. Determine the amount Tipton would report externally for ending inventory and cost of goods sold using last-in, first-out (LIFO) under a periodic inventory system.

COGS using LIFO = $950,000
Ending inventory = $170,000

3. Determine the amount Tipton would report for its LIFO reserve at the end of the year.

$22,000

4. Record the year-end adjusting entry for the LIFO reserve, assuming the balance at the beginning of the year was $8,000.

Dr Cost of goods sold 14,000

Cr LIFO reserve 14,000

Explanation:

1)

Jan. 1 Inventory on hand—80,000 units; cost $4.25 each.

Feb. 14 Purchased 120,000 units for $4.50 each.

Mar. 5 Sold 150,000 units for $14.00 each.

COGS = {[(80,000 x $4.25) + (120,000 x $4.50)] / 200,000} x 150,000 = $660,000

remaining inventory 50,000 units at $4.40 = $220,000

Aug. 27 Purchased 50,000 units for $4.80 each.

Sep. 12 Sold 60,000 units for $14.00 each.

COGS = {[(50,000 x $4.40) + (50,000 x $4.80)] / 100,000} x 60,000 = $276,000

Dec. 31 Inventory on hand—40,000 units at $4.60 = $184,000

2)

Jan. 1 Inventory on hand—80,000 units; cost $4.25 each.

Feb. 14 Purchased 120,000 units for $4.50 each.

Mar. 5 Sold 150,000 units for $14.00 each.

Aug. 27 Purchased 50,000 units for $4.80 each.

Sep. 12 Sold 60,000 units for $14.00 each.

Dec. 31 Inventory on hand—40,000 units at $4.60 = $184,000

total units sold = 210,000

COGS using LIFO = (50,000 x $4.80) + (120,000 x $4.50) + (40,000 x $4.25) = $240,000 + $540,000 + $170,000 = $950,000

Ending inventory = 40,000 x $4.25 = $170,000

3) LIFO reserve = FIFO inventory - LIFO inventory

FIFO inventory = $192,000 - $170,000 = $22,000

4) $22,000 - $8,000 = $14,000

8 0

2 years ago

Economists use the word equality to describe a situation in which a. each member of society has the same income. b. each member

Harman [31]

Answer:

Answer is option A, i.e. each member of the society has the same income

Explanation:

Regarding economics or, we can say in the language of economists, equality can be defined as a situation when each member of the society, regardless of their gender, profession, and hard work; has an equal amount of wealth. It means that when each one in the society has access to all the available resources, and each one of them can afford those goods and services, then they are said to be economically equal.

7 0

2 years ago

which group determines the acceptance of fashion A. fashion forecasters B. Designers C. consumers D. countries​

which group determines the acceptance of fashion A. fashion forecasters B. Designers C. consumers D. countries