Franchising is a business model in which one business owner licenses their company's trademark and business concept to another entrepreneur.
How does it work?The entrepreneur or franchisee pays an initial fee and ongoing royalties to the franchisor in exchange for the right to use the franchisor's business model and trademark.
In this case, it can be concluded that Domino's franchise model does live up to the statement often heard in franchising circles that "Franchising lets you go into business for yourself but not by yourself."Domino's provides initial and ongoing training, financial assistance, payroll services, twice-a-week consulting services, and other support to prepare its franchisees for success.
By this statement, Domin's assures its franchisees that they are not alone and that they are not expected to navigate the business on their own. Domino's franchisees have access to the company's ordering system, payment system, and other digital technologies, allowing them to provide customised menu assortments that reflect the localised needs and preferences of customers.
This implies that the franchisees are granted the flexibility to personalize the store's offerings to meet the unique tastes and preferences of their local consumers. Moreover, the franchisees can also order their ingredients and other supplies via the company's centralised supply chain, ensuring that they always have access to the products that their customers want whenever they step into a local store. This, therefore, guarantees the franchisee that they are provided with adequate resources for their businesses to thrive.
It is also important to note that Domino's holds the exclusive master franchise rights for the Domino's brand and network in Australia, New Zealand, Belgium, France, the Netherlands, Japan, Germany, Luxembourg, Denmark and Taiwan, and this further supports the statement that Domino's franchise model lives up to the statement often heard in franchising circles that "Franchising lets you go into business for yourself but not by yourself."
To know more on Franchising visit:
https://brainly.com/question/29376853
#SPJ11
Consider scenario where the default risk for corporate bonds decreases, relative to US while the Treasury bonds. As a result, the demand curve for corporate bonds demand curve for US Treasury bonds O decreases; decreases O decreases; increases O increases; decreases O increases; increases
O increases; decreases, When the default risk for corporate bonds decreases relative to US Treasury bonds, the demand curve for corporate bonds will increase while the demand curve for US Treasury bonds will decrease.
This is because the risk for corporate bonds decreases as investors are more willing to invest in such bonds than in US Treasury bonds. The O increases, decreases as the demand curve for corporate bonds will increase while the demand curve for US Treasury bonds will decrease.
Being guaranteed by the American government, U.S. Treasury bonds are regarded as having zero default risk. These bonds are often sold at a loss and redeemed at face value when they reach maturity.
To Know more about American government,
https://brainly.com/question/15778837
#SPJ11
A stock is expected to pay $1.35 next year, $1.45 in two years, and $1.56 in three years.
The future price in three years is expected to be $35.
If the investor wants to earn 9%, how much is he willing to pay for the stock today?
$27.03
$33.23
$30.39
$30.69
The investor would be willing to pay approximately $30.72 for the stock today. None of the provided answer choices match this value exactly, but the closest option is $30.69.
To calculate the present value of the stock, we need to discount the future cash flows (dividends) to their present value using the investor's required rate of return.Using the formula for the present value of a future cash flow, we can calculate the present value of each dividend as follows:
PV1 = $1.35 / (1 + 0.09)^1 = $1.24
PV2 = $1.45 / (1 + 0.09)^2 = $1.22
PV3 = $1.56 / (1 + 0.09)^3 = $1.23
Next, we calculate the present value of the future price of the stock in three years:
PV_price = $35 / (1 + 0.09)^3 = $27.03
Finally, we sum up the present values of all cash flows to get the total present value:
Total PV = PV1 + PV2 + PV3 + PV_price = $1.24 + $1.22 + $1.23 + $27.03 = $30.72
Therefore, the investor would be willing to pay approximately $30.72 for the stock today. None of the provided answer choices match this value exactly, but the closest option is $30.69.
To know more about dividends visit
brainly.com/question/31805849
#SPJ11
When a worker obtains clear and timely information about his/her performance, his/her job includes which of the following characteristics? feedback skill variety job identity job significance autonomy
When a worker obtains clear and timely information about his/her performance, his/her job includes feedback.
Performance feedback is the information you receive about your work performance. This feedback can come from your manager or supervisor, colleagues, customers, or other stakeholders. It can help you understand your strengths and weaknesses and identify areas for improvement. Performance feedback is critical for workers since it helps them improve their job skills and performance.
Employees who receive feedback are more likely to feel motivated, engaged, and committed to their work, leading to higher levels of productivity, job satisfaction, and retention.A worker who receives clear and timely feedback about their performance is more likely to improve their job performance, increase their skill variety, and develop their job identity. Feedback can also increase job significance and provide greater autonomy to workers by empowering them to take ownership of their work and make decisions about how to improve their performance.
To know more about feedback visit:
https://brainly.com/question/30449064
#SPJ11
What Kind of reservation systems do they follow? Types of Rooms and Room Rates for each Kind of Room How did they sustain the business while Covid and what's their strategy Post Covid to regain Quality Business?
Answer:
Explanation:
Reservation Systems:
Central Reservation Systems (CRS): These systems are used by hotels to manage and distribute their room inventory across multiple online booking channels, including their own website, online travel agencies (OTAs), and global distribution systems (GDS). Examples of popular CRS providers include Sabre, Amadeus, and TravelClick.
Property Management Systems (PMS): PMS software is used by hotels to manage their day-to-day operations, including reservations, guest check-in/out, room assignments, billing, and reporting. PMS can also integrate with CRS for seamless reservation management.
Online Travel Agencies (OTAs): These platforms, such as Booking.com, Expedia, and Airbnb, allow customers to book hotel rooms online. Hotels can partner with OTAs to expand their reach and attract a wider audience.
Types of Rooms and Room Rates:
Hotels typically offer various types of rooms to cater to different guest preferences and needs. Common room types include standard rooms, deluxe rooms, suites, and specialty rooms (e.g., executive rooms, family rooms). Each room type may have its own set of features, amenities, and price points. Room rates can vary based on factors such as room type, seasonality, demand, and length of stay.
Sustaining Business During COVID-19:
Hotels have implemented several strategies to sustain their business during the COVID-19 pandemic, including:
Enhanced health and safety protocols: Implementing rigorous cleaning and sanitization measures, promoting social distancing, and following local health guidelines to ensure guest and staff safety.
Flexible booking policies: Offering flexible cancellation and rescheduling options to accommodate changing travel plans and uncertainties caused by the pandemic.
Local and domestic marketing: Focusing on attracting local and domestic travelers by promoting staycations, special packages, and deals targeted towards nearby markets.
Cost management: Adjusting operational costs, staffing levels, and services offered to align with reduced demand.
Post-COVID Strategy to Regain Quality Business:
Hotels may adopt the following strategies to regain quality business post-COVID:
Rebuilding guest confidence: Communicating the implementation of robust health and safety protocols to reassure guests about their well-being during their stay.
Targeted marketing and promotions: Tailoring marketing campaigns to specific target markets, emphasizing unique selling points, offering attractive packages, and leveraging online platforms and social media to reach potential guests.
Emphasizing personalized experiences: Focusing on delivering exceptional guest service, creating personalized experiences, and leveraging guest feedback and reviews to continuously improve.
Leveraging technology: Adopting contactless check-in/check-out processes, mobile apps for seamless guest interactions, and using data analytics to better understand guest preferences and provide personalized recommendations.
Strengthening partnerships: Collaborating with local businesses, travel agencies, and online platforms to expand market reach and attract quality guests.
It's important to note that specific strategies can vary depending on the location, size, target market, and resources of the hotel. It's recommended to refer to the specific hotel's website, official statements, or contact them directly for information on their reservation systems, room types, rates, and post-COVID strategies.
An individual who wants others to pay for public goods, but plans to use those goods for their own purposes, is often referred to as a _____________________.
A. tax evader
B. excludable
C. free rider
D. nonexcludable
A free rider is an individual who benefits from public goods and services but does not contribute to their funding or provision.
The correct is C. Free rider
A free rider is an individual who benefits from public goods and services but does not contribute to their funding or provision. Free riders are frequently seen as a form of market failure.
They represent a situation in which people do not pay the full cost of a good or service, resulting in an under-provision of that good or service. Public goods and services are often non-excludable, which means that it is difficult to prevent individuals from using them once they are provided. As a result, free riding is a significant issue in public policy.
To know more about services visit:
https://brainly.com/question/30418810
#SPJ11
Veronica secured a 6-year car lease at 5.90% compounded annually that required her to make payments of $886.84 at the beginning of each month. Calculate the cost of the car if she made a downpayment of $2,750.
Veronica secured a 6-year car lease at 5.90% compounded annually which required her to make payments of $886.84 at the beginning of each month.
Given, Amount of monthly payments made, R= $886.84 Annual interest rate, i = 5.9% Total time period of the lease, n = 6 years Payment is made at the beginning of each month.
Down payment = $2,750We need to calculate the cost of the car. In order to find the cost of the car, we first need to find the present value of all the payments made during the 6 years of the lease.
To calculate the present value of the payments made, we can use the formula for the present value of an annuity,
PV = R x (1 - (1 + i)^-n) / i
For monthly payments, the time period will be in months. As there are 12 months in a year, the total number of months will be 6 x 12 = 72.PV = 886.84 x (1 - (1 + 0.059 / 12)^-72) / (0.059 / 12)≈ 50,306.36
So, the present value of all the payments made during the 6 years of the lease is $50,306.36.Now, we can calculate the cost of the car by adding the down payment made to the present value of the payments.
Present value of payments + Down payment = Cost of car50,306.36 + 2,750 = 53,056.36
Therefore, the cost of the car is $53,056.36.
To know more about Compounded Annually visit:
https://brainly.com/question/26550786
#SPJ11
Describe the three models of corporate social responsibility and how each provides management of ways to fulfill their responsibilities.
There are three main models of corporate social responsibility (CSR): the economic model, the philanthropic model, and the integrative model.
1. The economic model emphasizes that the primary responsibility of a business is to generate profits for its shareholders. However, this model recognizes the importance of obeying the law and engaging in ethical business practices.
2. The philanthropic model suggests that businesses should go beyond their economic responsibilities and actively contribute to social causes. This can include charitable donations, community development initiatives, and environmental conservation efforts.
3. The integrative model combines economic and social objectives by integrating CSR into the core business strategy. It emphasizes long-term sustainability, stakeholder engagement, and responsible business practices that align with social and environmental values.
Each model provides management with ways to fulfill their CSR responsibilities. The economic model ensures legal and ethical compliance while maximizing profits. The philanthropic model allows companies to contribute to society and improve their public image. The integrative model integrates CSR into business operations, fostering sustainability and stakeholder engagement for long-term success.
To know more about corporate social responsibility :
https://brainly.com/question/30644882
#SPJ4
What would your answers be if a. your tutor asked you to tell the class what you understand by the term performance management? marks b. you were further asked to identify and summarize three of the six basic features of performance management? marks
The term Performance management can be defined as an ongoing communication process that involves both the employee and the supervisor and seeks to maintain and enhance the workforce's effectiveness by improving job performance, encouraging the acquisition of knowledge and abilities, and enhancing the overall job satisfaction
The six basic features of performance management are as follows:
1. Planning: It involves defining performance standards, expectations, and goals, as well as outlining the measures required to accomplish them.
2. Feedback: Performance management is founded on a two-way interaction process between employees and managers. Feedback promotes professional development, supports workers, and recognizes accomplishments.
3. Monitoring: It involves ongoing tracking of performance levels against predefined expectations, standards, and benchmarks. This is accomplished by monitoring the behavior of employees, tracking their work quality, and analyzing the outcomes for compliance and advancement.
4. Rating: Performance management systems, in general, include the rating of an employee's performance. This is done to determine employee eligibility for promotions, salary increases, bonuses, and other benefits.
5. Training: Employee training and development programs are frequently integrated into a performance management system. This helps to enhance employee skills and capabilities while also ensuring that employees are prepared for new job responsibilities.
6. Rewards: Rewards systems are used to encourage employees to improve their performance by recognizing and rewarding outstanding work. This could include monetary compensation, promotions, awards, or other forms of acknowledgment.
Learn more about performace menagement: https://brainly.com/question/14506325
#SPJ11
What is the numerical impact on cash and net earnings of the following scenario: Services worth $44,500 were provided to customers during the period, of which $32,300 of cash remained uncollected by the end of the period. a) Impact on cash: 0; impact on net earnings: $44,500 increase b) Impact on cash: $44,500 increase; impact on net earnings: $12,200 increase c) Impact on cash: $12,200 increase; impact on net earnings: $44,500 increase d) Impact on cash: $44,500 increase; impact on net earnings: $32,300 increase e) Impact on cash: 0; impact on net earnings: $32,300 increase
The numerical impact on cash and net income of the scenario of services worth $44,500 provided to customers during the period, of which $32,300 of cash remained uncollected by the end of the period is that there is an increase in cash and net earnings as well. , the correct answer is option (d)
Net earnings are a corporation's bottom-line profit after all expenses and taxes have been subtracted from its revenue. As a result, net earnings are commonly known as a corporation's "profit" or "earnings."What is cash?Cash refers to the funds on hand or readily accessible.
Cash equivalents and short-term investments that are readily convertible to cash are included in the cash definition.
Impact on cash: $44,500 increase The total services worth $44,500 were provided to the customers during the period. The uncollected cash remained at the end of the period was $32,300. As a result, this would indicate that the company earned revenue from $44,500 in sales.
Furthermore, the company hasn't yet collected the full sum, thus cash increased by $44,500, with the $32,300 difference representing money that will be collected at a future date.
Impact on net earnings: $32,300 increaseThe net earnings of the business will be impacted by $32,300 due to the provision of services. The revenue will increase as a result of providing services worth $44,500, but the cash received would be less as the uncollected amount remains.
Because the $32,300 of unpaid receivables is considered profit, this value will increase net income by the same amount. As a result, the impact on net earnings will be $32,300 increase.
Therefore, the correct answer is option (d) Impact on cash: $44,500 increase; impact on net earnings: $32,300 increase.
To learn more about net income click here:
https://brainly.com/question/28390284#
#SPJ11
Which of the following is a primary advantage of a sole proprietorship?
I. Ease of company formation.
II. Ease of ownership transfer.
III. Limited liability.
IV. Less regulation.
A) I and II only.
B) I and III only.
C) I and IV only.
D) I, III, and IV only.
The correct answer is: A) I and II only.
A primary advantage of a sole proprietorship is the ease of company formation, as it typically involves fewer legal formalities and lower costs compared to other business structures. Additionally, ownership transfer in a sole proprietorship is relatively easy since the owner has full control and can decide to transfer or sell the business as they see fit.
However, a sole proprietorship does not offer limited liability, meaning the owner is personally responsible for the debts and liabilities of the business. Furthermore, sole proprietorships are subject to the same regulations as other business entities, so they do not enjoy reduced regulation compared to other forms of business organization.
Learn more about proprietorship visit:
brainly.com/question/30039084
#SPJ11
Sappi Ltd. is a global company focused on providing dissolved wood pulp, paper pulp and other paper-based solutions to its direct and indirect customer base across more than 160 countries. Our dissolved wood pulp products are used worldwide by converters to create viscose fibre for fashionable clothing and textiles, acetate tow, pharmaceutical products as well as a wide range of consumer and household products.
Our market-leading range of paper products includes coated fine papers used by printers, publishers, and corporate end users in the production of books, brochures, magazines, and many other print publications. The wood and pulp need for our products are produced within Sappi Ltd. and from accredited suppliers.
Sappi Ltd. has a tradition of innovating and developing new products to meet local demand. As part of the strategy to rationalize declining business, focus on business where we have a competitive advantage and strengthen our balance sheet, we entered into an agreement to sell our nonperforming Mills in the Northern region. At the end of the financial year, we received approval from the competition commission and both transactions were realized in October and November of 2015.
b) The management of Sappi Ltd have approached you to prepare a paper on the important business environments which has an influence on Sappi’s operations.
As an AI language model, I can provide you with an overview of the important business environments that may influence Sappi Ltd's operations.
Economic Environment: The overall economic conditions of the countries where Sappi operates will impact its business. Factors such as GDP growth, inflation rates, exchange rates, and interest rates can affect Sappi's costs, pricing, and demand for its products. Market Environment: Sappi operates in the global market for dissolved wood pulp and paper products. It needs to monitor market trends, competition, and customer preferences to adjust its product offerings and marketing strategies accordingly.
Learn more about business here;
https://brainly.com/question/3407426
#SPJ11
According to Ulrich Beck, "We live in a risk society."
Risk society is "an inescapable structural condition of advanced industrialization."
He explains the risk society in the most straightforward sentence.
"…Everyone is connected…."
"I asked myself what concept would better define our age.
The answer was: risk. Risk touches life itself."
Ulrich Beck – Risk Society 1986
a. What is critical about this theory? Why are we living in a risk
society? Please give examples.
(Please feel free to refer to your assigned companies and how they are
contributing to this risk society. Possible problems that you can refer to
changes according to industry. Here are some examples: fast fashion, pricecutting, unfair competition in the market, crunch culture, hype culture,
outsourcing problems, knowledge hegemony, data society, influencer
culture, cancel culture, technocracy…
b. Why is it essential that we have a macro and micro vision of the
world?
According to Ulrich Beck, the most crucial thing about his theory is that it implies that risks and hazards are no longer seen as limited to the scope of nation-states but are global.
In the contemporary era, risks and hazards are transnational. As a result, people need to be cautious, aware, and take risks seriously because risk is connected to life itself. Therefore, society is in a state of constant fear, uncertainty, and doubt, which fuels anxiety and stress.
According to Beck, we live in a risk society because everything in the world is connected, and the consequences of any human action are not limited to one area but have global impacts. For example, fast fashion contributes to the risk society because it relies on unsustainable production, leading to waste production and pollution.
Outsourcing problems and unfair competition in the market contribute to a risk society because they lead to environmental and social damages, and people can get hurt, resulting in irreversible damages.
A macro vision of the world is essential because it gives us an idea of the bigger picture. It helps us understand the changes happening in the world, analyze patterns, and anticipate future trends.
A micro vision of the world is also essential because it helps us understand the nuances of the world around us, the different perspectives people have, and the different experiences they face. Together, a macro and micro vision help us understand and navigate the world.
To know more about social damages click on below link:
https://brainly.com/question/29838891#
#SPJ11
nina bought 150 shares of nbc universal stock at $22.885 per share. the broker charged a flat fee of $22.05 for the brokerage commission. what is the average cost per share (include brokerage fee) to the nearest cent?
The average cost per share, including the brokerage fee, is approximately $23.03.
We need to consider the total cost (including the brokerage fee) and divide it by the number of shares. The total cost of the shares can be calculated as follows:
Total Cost = (Number of Offers * Cost per Offer) + Business Charge
Number of Shares = 150
Cost per Shares = $22.885
Brokerage Fee = $22.05
Total Cost = (150 * $22.885) + $22.05
Total Cost = $3432.75 + $22.05
Total Cost = $3454.80
Presently, how about we ascertain the typical expense per share:
Average Cost per Share = Total Cost / Number of Shares
Average Cost per Share = $3454.80 / 150
Average Cost per Share = $23.03 (rounded to the nearest cent)
Learn more about Brokerage Fee:
https://brainly.com/question/15637679
#SPJ4
12.M&M and Taxes. Nagambie Farms Ltd can borrow at 6.7%. Nagambie currently has no debt, and the cost of equity is 12.9%. The current value of the firm is $595 000. What will be the value if Nagambie borrows $310 000 and uses the proceeds to repurchase shares? The corporate tax rate is 30%. LO 13.
$588,769 would be Nagambie Farms Ltd's value after borrowing $310,000 and repurchasing shares with the proceeds.
We must account for the effect of the tax shield from interest expenditure as well as the change in the capital structure when determining the valuation of Nagambie Farms Ltd after borrowing $310,000 and repurchasing shares with the proceeds.
1. Determine the interest cost:
Interest costs are calculated as Loaned Amount x Cost of Debt.
Interest costs equal $20,770 ($310,00 x 6.7%)
2. Determine the tax protection provided by interest expense:
Interest costs multiplied by the tax rate to calculate the tax shield: $20,770 x 30% = $6,231
3. Determine the company's new worth following the share repurchase:
Current value of the firm - Tax shield equals the new value of the company.
$595,000 - $6,231 = $588,769 is the new valuation of the company.
As a result, Nagambie Farms Ltd.'s worth after borrowing $310,000 and utilising the money to repurchase shares would be $588,769.
To learn more about shares, visit:
https://brainly.com/question/32395273
#SPJ11
Assume I investment; S = sales; P = income; then return on investment is O a. S/I O b. S/PXI O c. S/IX S/P d. P/S X S/I
The return on investment is the benefit that is realized from an investment in a company or a business.
The investment is generally measured by dividing the return earned on the investment by the cost of the investment. The most common measure of return on investment is the return on equity (ROE), which is calculated by dividing the net income of the business by the owner's equity in the business. In this case, if we assume that I = investment, S = sales, and P = income, then the return on investment is given by:S/IWe can also write the return on investment as: P/S X S/II = P/S X (S/I)Therefore, the correct answer is option D, P/S X S/I.
To know more about investment visit :-
https://brainly.com/question/15105766
#SPJ11
R.D. Kagen employs Audrey Lopez at a salary of $34,000 a year. Kagen is subject to employer Social Security taxes at a rate of 6.2% and Medicare taxes at a rate of 1.45% on Lopez's salary. In addition, Kagen must pay SUTA tax at a rate of 5.4% and FUTA tax at a rate of 0.6% on the first $7,000 of Lopez's salary.
Compute the total cost to Kagen of employing Lopez for the year.
Audrey Lopez is employed by R.D. Kagen at a salary of $34,000 per year. The employer social security tax is 6.2% of the salary, and the employer Medicare tax is 1.45% of the salary.
Additionally, Kagen must pay a state unemployment tax (SUTA) of 5.4% and a federal unemployment tax (FUTA) of 0.6% on the first $7,000 of Lopez's salary.The cost of employing Lopez for a year is calculated as follows:
Gross Salary = $34,000Employer Social Security Tax: $34,000 * 6.2% = $2,108Employer Medicare Tax: $34,000 * 1.45% = $493SUTA Tax: $34,000 * 5.4%
= $1,836FUTA Tax: $7,000 * 0.6%
= $42Total cost to Kagen of employing Lopez for the year
= Gross Salary + Employer Social Security Tax + Employer Medicare Tax + SUTA Tax + FUTA Tax
= $34,000 + $2,108 + $493 + $1,836 + $42
= $38,479Therefore, the total cost to Kagen of employing Lopez for the year is $38,479.
To know more about security visit:
https://brainly.com/question/30186024
#SPJ11
Midwest Manufacturing purchased a three-year insurance policy for $34,200 on January 2, 2021.
Required:
1. Prepare any journal entries, adjusting journal entries, and closing journal entries required on January 2, 2021, December 31, 2021.
and December 31, 2022.
2. Prepare the T-accounts for Prepaid Insurance, Insurance Expense, Cash, and Retained Earnings. Assume the January 2, 2021,
balances in these accounts were $0, $0, $86,000, and $76,000, respectively.
3-a. Given only the entries for Insurance, indicate what amounts would be reported for each of these accounts on the balance sheet
prepared on December 31, 2021, and December 31, 2022.
3-b. Given only the entries for insurance, indicate what amounts would be reported for each of these accounts on the income
statement prepared on December 31, 2021, and December 31, 2022.
Midwest Manufacturing purchased a three-year insurance policy for $34,200 on January 2, 2021. The answer will provide the journal entries, adjusting journal entries, and closing journal entries required on January 2, 2021, December 31, 2021, and December 31, 2022.
It will also outline the T-accounts for Prepaid Insurance, Insurance Expense, Cash, and Retained Earnings, and indicate the amounts reported for these accounts on the balance sheet and income statement prepared on December 31, 2021, and December 31, 2022.
1. Journal Entries:
- January 2, 2021: Debit Prepaid Insurance $34,200 and Credit Cash $34,200 (To record the purchase of the insurance policy).
- December 31, 2021 (Adjusting Entry): Debit Insurance Expense $11,400 and Credit Prepaid Insurance $11,400 (To record the insurance expense for the year 2021, one-third of the total policy cost).
- December 31, 2022 (Adjusting Entry): Debit Insurance Expense $11,400 and Credit Prepaid Insurance $11,400 (To record the insurance expense for the year 2022, one-third of the total policy cost).
- December 31, 2022 (Closing Entry): Debit Insurance Expense $11,400 and Credit Retained Earnings $11,400 (To close the insurance expense account).
2. T-Accounts:
- Prepaid Insurance: January 2, 2021, Balance $34,200, December 31, 2021, Adjusting Entry -$11,400, December 31, 2022, Adjusting Entry -$11,400.
- Insurance Expense: December 31, 2021, Adjusting Entry $11,400, December 31, 2022, Adjusting Entry $11,400, December 31, 2022, Closing Entry $11,400.
- Cash: January 2, 2021, Credit $34,200.
- Retained Earnings: December 31, 2022, Closing Entry $11,400.
3-a. Balance Sheet:
- December 31, 2021: Prepaid Insurance -$11,400.
- December 31, 2022: Prepaid Insurance -$22,800.
3-b. Income Statement:
- December 31, 2021: Insurance Expense $11,400.
- December 31, 2022: Insurance Expense $11,400.
These entries, adjustments, and T-account balances ensure accurate reporting of the insurance expense and prepaid insurance on the balance sheet and income statement for the given periods.
Learn more about Midwest Manufacturing here:
https://brainly.com/question/485220
#SPJ11
Six former students Ann, Bob, Carl, Dora, Ed, and Fran are the contestants in a new reality TV show. They are placed on an island. The rules of the game are as follows. Ann goes first. She is given a bag that everyone knows contains six gold coins. Ann makes a proposal of how to allocate the six coins among the six contestants including herself. The contestants (including Ann) then vote "yes" or "no" on the proposal. If the proposal gets more than half the votes then the coins are allocated according to the proposal and everyone leaves the island. If the proposal gets half or fewer than half the votes then Ann has to leave the island empty-handed and she is out of the game.
In this case, the bag of six gold coins passes to Bob. He gets to make a proposal of how to allocate the coins among the remaining contestants (that is, including Bob but excluding Ann) and the remaining contestants (that is, including Bob but excluding Ann) then vote. As before, if the proposal gets more than half the votes then the coins are allocated according to the proposal and everyone leaves the island. If the proposal gets half or fewer than half the votes then Bob has to leave the island empty-handed and is out of the game. In this case, the bag of six gold coins passes to Carl. And so on, with the same voting rules, with each failed proposal leading to expulsion of the proposer, and with the role of proposer being passed on alphabetically.
The following assumptions matter. The coins are indivisible, there is no other money on the island, and side contracts to make payments of the island are not allowed. There are no abstentions; each surviving voter must vote yes or no: whenever a voter is indifferent, she or he votes no. A player only cares about the number of gold coins she or he gets to leave the island with (and this is common knowledge). For example, leaving empty handed because your proposal fails is the same as leaving empty-handed because a successful proposal gives you no coins. Finally: it is common knowledge that all the contestants were well trained in game theory.
What proposal should Ann make and why?
By proposing an equal distribution of the coins, Ann maximizes her chances of getting a positive vote from the other contestants. Each contestant would receive the same number of coins, which eliminates any incentives for the others to reject the proposal.Ann should propose to allocate one gold coin to each contestant, including herself.
If Ann proposed to allocate more coins to herself or favored certain contestants over others, it would create a sense of inequality and potentially lead to the rejection of her proposal. Each contestant understands that if they reject the proposal, they risk being expelled from the game with no coins at all. Therefore, they would be inclined to accept an equal distribution that guarantees them at least one coin.
By proposing an equal allocation, Ann ensures that the proposal will receive more than half the votes, securing the allocation of the coins according to her proposal. This allows her to leave the island with one gold coin, as well as the other contestants.
Ann's proposal aligns with the rational behavior expected from well-trained contestants in game theory. It takes into account the self-interest of each individual and strategically addresses the voting dynamics of the game, maximizing her chances of success and leaving the island with a fair share of the coins.
To know more about incentives visit:
brainly.com/question/3536887
#SPJ11
"Beginning from the 1980s, the international bond market grew aggressively. It today constitutes a large share in the total outstanding of the global bond market. The international bond market is a market for bonds that are traded beyond national boundaries. They pull together investors from different countries." Identify the different types of international bonds available in international capital markets?
In international capital markets, there exists a variety of international bonds. Examples of these bonds encompass are Sovereign Bonds,Corporate Bonds,Supranational Bonds, Eurobonds, Foreign Bonds, Global Bonds, Brady Bonds,Green Bonds.
There are several different types of international bonds available in international capital markets. Some of the common types include:
Sovereign Bonds: These are bonds issued by national governments to raise funds for various purposes. They are backed by the full faith and credit of the issuing government. Corporate Bonds: These bonds are issued by multinational corporations or companies from one country to raise capital for their operations. They are typically denominated in a currency other than the domestic currency of the issuing company. Supranational Bonds: These bonds are issued by supranational organizations such as the World Bank, International Monetary Fund (IMF), or regional development banks like the Asian Development Bank (ADB) or the European Investment Bank (EIB). These bonds are aimed at financing projects with global or regional importance. Eurobonds: Eurobonds are bonds issued in a currency other than the currency of the country where the bond is issued. They are usually denominated in major currencies such as the euro, US dollar, or yen and are issued by corporations or governments to tap into international investor demand. Foreign Bonds: Foreign bonds are issued by a foreign entity in the domestic market of a particular country. For example, a company from Country A issuing bonds in the domestic market of Country B. These bonds are typically denominated in the currency of the country where they are issued. Global Bonds: Global bonds are issued and traded in multiple countries simultaneously. They are registered in different jurisdictions, allowing investors from various countries to participate in the issuance and trading of these bonds. Brady Bonds: Brady bonds are a type of international bond created in the late 1980s to help restructure the debt of emerging market countries. These bonds were issued as part of debt restructuring agreements and were typically denominated in US dollars. Green Bonds: Green bonds are bonds issued to finance environmentally friendly projects or initiatives. These bonds have gained popularity in recent years as a way to raise funds for sustainable and climate-focused projects.These are some of the different types of international bonds available in international capital markets. Each type has its own characteristics, risks, and features, catering to the diverse needs of investors and issuers in the global bond market.
To learn more about Eurobonds visit: https://brainly.com/question/26271508
#SPJ11
Question 4
Ries, Bax, and Thomas invested $44,000, $60,000, and $68,000,
respectively, in a partnership. During its first calendar year, the
firm earned $385,200.
Required:
Prepare the entry to close
2. The partners agreed to share income and loss in the ratio of their beginning capital investmen Complete this question by entering your answers in the tabs below. Appropriation of profits Allocate $
Income Summary is debited for $385,200, and Ries, Bax, and Thomas' capital accounts are credited for $61,600, $83,200, and $89,400, respectively, based on their beginning capital investment ratios.
1. To close the firm's Income Summary account and allocate the $385,200 net income based on the partners' beginning capital investments, the following journal entry would be made:
Income Summary $385,200
Ries, Capital $61,600 ($44,000 / $172,000 * $385,200)
Bax, Capital $83,200 ($60,000 / $172,000 * $385,200)
Thomas, Capital $89,400 ($68,000 / $172,000 * $385,200)
2. The entry debits the Income Summary account for the total net income of $385,200. It then credits the individual partners' capital accounts based on their respective ratios of the beginning capital investments. The ratios are calculated by dividing each partner's investment by the total beginning capital of $172,000. The amounts credited to the partners' capital accounts reflect their share of the net income based on these ratios.
To learn more about capital investment visit :
https://brainly.com/question/32448965
#SPJ11
1. The social media has become a tool for today’s marketing. Figure out TWO (2)
advantages of social media in promoting business. (answer shoul be 100 word)
2. Technology always related to the society. Classify with relevant example THREE (3)
impact of technology towards society. (maximum 150 word)
Advantages of Social Media in Promoting Business:
1. Increased Brand Visibility: Social media platforms provide businesses with an opportunity to reach a vast audience and increase brand visibility. By creating engaging content and leveraging targeted advertising features, businesses can effectively promote their products or services to a specific target market.
2. Enhanced Customer Engagement: Social media facilitates direct and immediate communication between businesses and their customers. Through social media platforms, businesses can respond to customer inquiries, address concerns, and gather feedback in real-time.
Impacts of Technology on Society:
1. Increased Connectivity: Technology, particularly the internet and social media, has revolutionized the way people communicate and connect.
2. Access to Information: Technology has significantly increased access to information and knowledge.
3. Economic Growth and Efficiency: Technological advancements have had a profound impact on economic growth and efficiency.
Overall, technology has reshaped society by promoting connectivity, democratizing information, and driving economic progress
To know more about Social Media :
https://brainly.com/question/30194441
#SPJ4
Sobeys Lea Dunn started her career with Sobeys (www. sobeys.com) 15 years ago, after graduating from Mount Allison University with a bachelor of commerce degree. She had risen in the ranks and now found herself manag- ing a team of buyers at the company head office. She was reading about a trend in food consumption called farm-to- table. The central aspect of this food trend was the utiliza- tion of locally sourced food ingredients in the preparation of meals and other food sales. While Sobeys had made it a goal to source some of its product locally, there was some question about whether the growth in this cultural food trend would translate into profitability. The Company Sobeys is the second largest food retailer in Canada, with over 1500 supermarkets operating under different brand names (e.g., Sobeys, IGA, FreshCo, Les Marchés Tradition, Thrifty Foods) across all 10 provinces.100 Founded in 1907 by John Sobey, the company is headquartered in Stellarton, Nova Scotia, and is part of the Empire Company family of businesses (which also includes Empire theatres and Gen- star real estate). Revenue in 2018 was $24.2 billion, and the company employs approximately 125 000 people.101 In an effort to differentiate itself from its largest com- petitor, Loblaws, which focused on low pricing, Sobeys had decided to focus on building customer relationships through improved service.
Lea Dunn, who is a manager of a group of buyers at the head office of Sobeys, was intrigued by the trend of farm-to-table, which emphasized locally sourced food components in the preparation of meals and other food sales. Farm-to-table is a food trend that emphasizes the use of locally sourced food components in the preparation of meals and other food sales.
The corporation is part of the Empire Company family of businesses, which also includes Empire theatres and Genstar real estate. In 2018, the company had revenue of $24.2 billion and employed around 125,000 people. Sobeys chose to distinguish itself from Loblaws, its biggest rival, by focusing on establishing customer relationships through better service.
Know more about food sales here:
https://brainly.com/question/534750
#SPJ11
of both Esteem and Self-actualization needs. Question 18 1 Point The Post Office's new organizational structure has four departments: The Government department, the Large Organizations department, the Medium and Small Size Organizations department, and the Households and Individuals department. Accordingly which of the following is correct regarding the Post Office's new base of departmentalization? It is a Matrix departmentalization. B It is Product-Team Departmentalization. C It is Divisional-Customer departmentalization. It is Hierarchical Functional departmentalization.
The Post Office's new base of departmentalization is Divisional-Customer departmentalization. The correct option is C.
The Post Office's new organizational structure has four departments, namely: The Government department, the Large Organizations department, the Medium and Small Size Organizations department, and the Households and Individuals department.
Accordingly, the correct departmentalization structure is Divisional-Customer departmentalization. It is the arrangement of departments and employees within an organization based on customer groups or customer market segments.In the Post Office's structure, they have divided the departments into customer groups or market segments.
Each department is created and designed to provide specific services and cater to specific customer needs. The Government department caters to the government sector, the Large Organizations department to large organizations, the Medium and Small Size Organizations department to medium and small-size organizations, and the Households and Individuals department to households and individuals.
Divisional-Customer departmentalization is a common structure in organizations that are focused on customer service or client satisfaction. It promotes the provision of excellent customer service by providing the customers with a specific department that caters to their unique needs. The correct option is C.
To know more about departmentalization refer here:
https://brainly.com/question/15052404#
#SPJ11
So consider that you are an entrepreneur who wants to open up a new restaurant in area of your choice . SO plan for the restaurant . Make a power point presentation and discuss the following points
1. Name and Location of the restaurant
2. reason why you choose this location
3. who is your target customer
4. what kind of cuisine (food) will you serve.. (please i don't need the menu)
5. how will you do the Marketing of your product and business
6. list of equipment you need in front of the house and back of the house of your restaurant
The outline can be expanded with more details, visual elements, and specific information related to your chosen restaurant concept and location, target customers, unique cuisine, comprehensive marketing plan, and equipment list for front and back of house.
Title: New Restaurant Venture: A Culinary Journey
Slide 1: Introduction
- Title: New Restaurant Venture: A Culinary Journey
- Entrepreneur: [Your Name]
- Date: [Current Date]
Slide 2: Name and Location of the Restaurant
- Name: [Restaurant Name]
- Location: [City, State, Country]
- Rationale for Choosing the Location
Slide 3: Reason for Choosing the Location
- Proximity to Target Customer Base
- Demographic Analysis of the Area
- Accessibility and Foot Traffic
- Competitive Analysis
Slide 4: Target Customer
- Define Target Customer Segment
- Key Characteristics and Preferences
- Market Research Findings
Slide 5: Cuisine/Food Concept
- Overview of the Cuisine/Food Style
- Unique Selling Points (USPs) of the Menu
- Brief Description of the Menu's Highlights
Slide 6: Marketing Strategy
- Branding and Positioning
- Online Presence (Website, Social Media)
- Local Advertising (Print, Radio, Television)
- Strategic Partnerships (Local Events, Food Influencers)
- Customer Loyalty Programs
Slide 7: Marketing Budget Allocation
- Marketing Budget Overview
- Percentage Allocation for Each Marketing Channel
- Expected ROI for Different Marketing Strategies
Slide 8: Equipment List - Front of House (FOH)
- Essential Equipment for Customer Service
- Point of Sale (POS) System
- Tables, Chairs, and Decor
- Lighting and Ambiance Setup
Slide 9: Equipment List - Back of House (BOH)
- Kitchen Equipment and Appliances
- Food Preparation and Storage Units
- Cooking Tools and Utensils
- Dishwashing and Sanitation Systems
Slide 10: Conclusion
- Summary of Key Points
- Projected Timeline for Opening
- Q&A Session
To learn more about marketing follow the link:
https://brainly.com/question/32094123
#SPJ4
AppleBanana, Inc. has no debt outstanding and a total market value of 10 million baht. EBIT are projected to be 3 million baht if the economic conditions are normal. If there is a strong expansion in the economy, then EBIT will be 15 percent higher. If there is a recession, then EBIT will be 15 percent lower. The company is considering a 6 million baht debt issue at an interest rate of 8 percent. The proceeds will be used to repurchase shares of stock. There are currently 1,000,000 shares outstanding. The company has a tax rate of 25 percent. What is the EPS under a recession if the company goes through with recapitalisation? (Do not round intermediate calculations and round your answer to two decimal places, e.g., 32.16)
The Total Market Value of AppleBanana, Inc. = 10 million baht. Several shares outstanding = 1,000,000EBIT (if economic conditions are normal) = 3 million baht EBIT (if there is a substantial expansion in the economy) = 3 million * 0.15 = 0.45 million baht higher EBIT (if there is a recession) = 3 million * 0.15 = 0.45 million baht lower.
Proceeds from debt issue = 6 million baht Interest rate on debt issue = 8% Tax rate = 25%. The amount of the new repurchase will be the $6 million raised by the new debt, so $6 million/$30 = 200,000 shares will be repurchased. Earnings before interest and taxes (EBIT) = Sales – Variable Costs – Fixed Costs Earnings per share (EPS) = (Net Income – Preferred Dividends) / Total Common Shares Recession: The new EBIT will be 3,000,000 – (0.15 * 3,000,000) = 2,550,000 Interest = 0.08 * 6,000,000 = 480,000 Earnings before taxes = 2,550,000 – 480,000 = 2,070,000 Taxes = 2,070,000 * 0.25 = 517,500Net income = 2,070,000 – 517,500 = 1,552,500 Earnings per share (EPS) = (1,552,500 – 0) / (1,000,000 – 200,000) = 1.72. Thus, if the company goes through with recapitalization, the EPS under a recession is 1.72.
Learn more about EBIT here: https://brainly.com/question/30760774.
#SPJ11
Burak's grandparents have made him two offers. The first offer includes annual cash flows of $10,000, $12,000, and $13,000 at the end of each of the next three years, respectively. The other offer is the payment of one lump sum amount today. The discount rate is 10 percent and Burak is trying to decide which offer to accept. What is the minimum amount that he will accept today if he is going to choose the lump sum offer? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 12.47.)
If Burak is going to choose the lump sum offer, the minimum amount he would accept today should be at least $29,756.20.
Burak's grandparents have offered him two options: a series of annual cash flows over the next three years and a lump sum payment today. To compare the two offers, we calculate the present value of the cash flows from the first offer using a discount rate of 10 percent. The present value of each cash flow is determined by dividing the cash flow by the discount rate plus 1 raised to the power of the number of periods.
To determine the minimum amount that Burak would accept today for the lump sum offer, we need to calculate the present value of the cash flows from the first offer using a discount rate of 10 percent.
The present value (PV) of each cash flow can be calculated using the formula:
PV = CF / (1 + r)^n,
where CF is the cash flow, r is the discount rate, and n is the number of periods.
For the first offer, the cash flows are $10,000, $12,000, and $13,000 at the end of each of the next three years, respectively. We can calculate the present value of each cash flow as follows:
PV1 = $10,000 / (1 + 0.10)^1 = $9,090.91,
PV2 = $12,000 / (1 + 0.10)^2 = $9,917.36,
PV3 = $13,000 / (1 + 0.10)^3 = $10,747.93.
Now, we need to sum up these present values to find the total present value of the cash flows from the first offer:
Total PV = PV1 + PV2 + PV3 = $9,090.91 + $9,917.36 + $10,747.93 = $29,756.20.
To learn more about lump sum - brainly.com/question/14969542
#SPJ11
the company's average gross profit ratio is 35%. what is the estimated cost of the lost inventory using the gross profit method?
The estimated cost of the lost inventory using the gross profit method is $22,750, based on a gross profit ratio of 35% and a cost of goods sold of $65,000.
The estimated cost of the lost inventory using the gross profit method is calculated by multiplying the gross profit ratio by the cost of goods sold.
To determine the estimated cost of the lost inventory, we need to consider the gross profit ratio, which is given as 35%. The gross profit ratio represents the percentage of sales revenue that remains after deducting the cost of goods sold.
Let's assume that the company's sales revenue is $100,000. From the gross profit ratio of 35%, we can determine that the cost of goods sold is 65% of the sales revenue ($100,000 * 0.65 = $65,000).
Now, if we want to estimate the cost of the lost inventory, we can apply the gross profit ratio to the cost of goods sold.
The estimated cost of the lost inventory would be 35% of $65,000, which equals $22,750.
To learn more about Gross profit, visit:
https://brainly.com/question/21637154
#SPJ11
(Treatment of goodwill) P, Q and Rare partners sharing profits and losses in the ratio of 5: 3:2. Q retires and the goodwill of the firm is valued at $ 9,000. Goodwill already appearing in the books at $ 10,000. P and R will share the future profits in the ratio of 4: 1. Pass necessary journal entries for the treatment of goodwill.
Their share of goodwill will be calculated in the same ratio. P’s share = 4/5 × $1,000 = $800 and R’s share = 1/5 × $1,000 = $200
The necessary journal entries for the treatment of goodwill can be as follows:
Particulars Debit Credit Goodwill
A/c $10,000 Realization
A/c $1,500 Q’s capital
A/c $4,500P’s capital
A/c $2,000 R’s capital
A/c $1,000.
To Q’s capital A/c $8,000 (Note: Q’s capital account is being credited with $8,000 instead of $9,000, as he is going out of the firm. Hence, he will not be entitled to his share of goodwill.)
Explanation:
Goodwill already appearing in the books = $10,000
Value of the goodwill of the firm = $9,000
Goodwill is reduced by $1,000 ($10,000 – $9,000).
This reduction in the value of goodwill is shared in the sacrificing ratio of the partners i.e., 5:3:2.
Therefore, Q’s share is $4,500 (5/10 × $9,000).
Q’s share in the loss due to reduction in the value of goodwill will be debited to his capital account.
P and R will share future profits in the ratio of 4:1.
Hence, their share of goodwill will be calculated in the same ratio.
P’s share = 4/5 × $1,000 = $800
R’s share = 1/5 × $1,000 = $200
These amounts will be debited to their respective capital accounts.
To know more about journal visit:
https://brainly.com/question/32420859
#SPJ11
The process would be evaluated as stable when OA random cause of variation is present, but special cause of variation does not exist O random cause of variation is present, but the special cause of variation does not exist OC all variation in the process are of product type Op all variation in the process are of assignable type In order to ensure effective inventory management, it is not required to have reasonable estimates of: A Holding costs O Marketing costs Oc Ordering costs OD Shortage costs
The process would be evaluated as stable when O-A random cause of variation is present, but special cause of variation does not exist.
A stable process is one in which the process's output is predictable over time and the performance is consistent. A stable process is one in which only common causes of variation are present, and there is no unusual or special cause variation.
In other words, it is a system in which the outcome is well-understood and dependable.
A process is considered unstable if it has special cause variation. This is the source of the majority of errors and product quality problems. Unstable systems can result in increased expenses, waste, and low-quality output.
The process would be evaluated as stable when O-A random cause of variation is present, but special cause of variation does not exist.
Inventory management is the practice of managing a company's inventory so that it is well-stocked, secure, and readily available when needed. Effective inventory management will assist a company in reducing expenses, maximizing sales, and increasing profit margins.
However, reasonable estimates of all costs associated with inventory management are critical for effective inventory management. For effective inventory management, it is necessary to have reasonable estimates of all costs, including marketing costs, shortage costs, and ordering costs.
This is an incorrect statement. In reality, reasonable estimates of all expenses, including holding costs, marketing costs, ordering costs, and shortage costs, are essential for effective inventory management.
To learn more about variation, refer below:
https://brainly.com/question/17287798
#SPJ11
Which of the following in NOT related to the Make (insource) or Buy (outsource) decision?
a) Insourcing is bringing a major business function in-house.
b) The backward flow of goods returned by consumers or retailers.
c) Buying goods or services instead of producing or providing them in-house.
d) Outsourcing is paying a supplier to perform a business function.
e) Reduction in control and expertise.
The answer is b) The backward flow of goods returned by consumers or retailers.
This statement refers to the process of handling product returns, which is not directly related to the Make or Buy decision. The Make or Buy decision involves determining whether to produce goods or services internally (insourcing) or to acquire them from external suppliers (outsourcing). It focuses on deciding whether to perform a particular business function in-house or to outsource it to a third-party supplier. The other options (a, c, d, e) all relate to the concept of Make or Buy decision-making and the associated considerations and consequences.
Learn more about third-party supplier here:
https://brainly.com/question/28329681
#SPJ11