The difference between the sole proprietorship and limited liability company is that, in a sole proprietorship, the owner can start the company in his own name and under no legal liability. The owner is not treated as a separate entity than the business.
In a restricted obligation organization, the business is dealt with distinctively and a different element than the individual who maintains the business. Any financial issue or liability is bourne by the sole proprietor himself whereas in LLC it becomes the companies liability and that too up to the amount they can afford.
B) bait and hook model.
C) AIDA model.
D) DAGMAR model.
E) economic buyer model.
Answer:
C) AIDA model.
Explanation:
AIDA model which the complete words are
✓attention( seek the attention of potential buyer)
✓interest(know their interest)
✓desire
✓action.
Can be regarded as a model that has been in existence since 19th century, which is engaged in marketing to analyze the process the steps/process that consumer follow when making a purchase on a particular goods/product. It should be noted that the The basic promotion objectives and adoption process fit very neatly with an action-oriented model, is called the AIDA model.
B. Borrow money.
C. Find other places in the budget where money can be re-purposed.
D. Remember that over the course of a year everything will balance out.
Answer:
a
Explanation:
Comparative Balance Sheet
(dollars in thousands)
This Year Last Year
Assets
Current assets:
Cash $ 976 $ 1,920
Accounts receivable, net 15,000 10,050
Inventory 10,000 8,440
Prepaid expenses 1,860 2,220
Total current assets 27,836 22,630
Property and equipment:
Land 6,600 6,600
Buildings and equipment, net 19,800 19,600
Total property and equipment 26,400 26,200
Total assets $ 54,236 $ 48,830
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable $ 10,100 $ 8,600
Accrued liabilities 720 1,000
Notes payable, short term 360 360
Total current liabilities 11,180 9,960
Long-term liabilities:
Bonds payable 6,250 6,250
Total liabilities 17,430 16,210
Stockholders' equity:
Common stock 860 860
Additional paid-in capital 4,500 4,500
Total paid-in capital 5,360 5,360
Retained earnings 31,446 27,260
Total stockholders' equity 36,806 32,620
Total liabilities and stockholders' equity $ 54,236 $ 48,830
Weller Corporation
Comparative Income Statement and Reconciliation
(dollars in thousands)
This Year Last Year
Sales $ 85,000 $ 80,000
Cost of goods sold 55,000 51,000
Gross margin 30,000 29,000
Selling and administrative expenses:
Selling expenses 9,100 8,600
Administrative expenses 12,600 11,600
Total selling and administrative expenses 21,700 20,200
Net operating income 8,300 8,800
Interest expense 750 750
Net income before taxes 7,550 8,050
Income taxes 3,020 3,220
Net income 4,530 4,830
Dividends to common stockholders 344 645
Net income added to retained earnings 4,186 4,185
Beginning retained earnings 27,260 23,075
Ending retained earnings $ 31,446 $ 27,260
Required: Compute the following financial data for this year:
1. Gross margin percentage. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)
2. Net profit margin percentage. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)
3. Return on total assets. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).)
4. Return on equity. (Round your percentage answer to 2 decimal places (i.e., 0.1234 should be entered as 12.34).)
Answer:
A.
This year $30,000/$85,000 = 35.3%
Last Year $29,000/$80,000 = 36.3%
B.
This year $4,186/$85,000 = 4.9%
Last Year $4,185/$80,000 = 5.2%
C.
This year $4,186/$54,236 = 7.7%
Last Year $4,185/$48,830 = 8.6%
D.
This year $4,186/$36,806 = 11.4%
Last Year $4,185/$32,620 = 12.8%
Explanation:
A. Gross Margin % measures the profitability of a Business based on its direct input costs (that is having not considered its indirect costs which includes the selling , general and administrative costs)
It is derived as Gross Margin divided by Net sales x 100%
B. Net profit % = is a measure of profitability of a business in relation to its sales. All relevant costs (except dividend payable to common stock holders) would have been considered in arriving at the applied profit
It is derived as Net Income divided by Net sales x 100%
C. return on total Assets. This is a measure of a business profitability in relation to its investments in Assets. The higher the rate the better a firm is said to be in its conversion process
It is derived as Net income divided by Total Assets x 100%
D. Return on Equity is a measure of profitability in relation to common stock holders investment in shares in a business. The higher the rate, the better the adjudged performance of the business by the shareholders.
It is derived as Net income divided by total shareholders equity x 100%
Required:
a. Determine the proceeds of the note, assuming that the note carries an interest rate of 6%.
b. Determine the proceeds of the note, assuming that the note is discounted at 6%.
Answer:
A. $100,000
B.$99,000
Explanation:
A. Calculation for Determining the proceeds of the note, assuming that the note carries an interest rate of 6%
Based on the information given the note is not discounted which means the face value is equal to the proceeds of $100,000
Hence,
Face value = Proceeds of $100,000
Therefore the proceeds of the note, assuming that the note carries an interest rate of 6% will be $100,000
b. Calculation for Determining the proceeds of the note, assuming the note is discounted at 6%
First step is to find the discount
Using this formula
Discount = Face value amount x Discount rate x (term of note / 360)
Let plug in the formula
Discount= $100,000 x .06 x 60/360
Discount =$360,000/360
Discount= $1,000
Second step is to calculate for the Proceeds
Calculation for the Proceeds
Using this formula
Proceeds = face amount – discount
Let plug in the formula
Proceeds=$100,000 – $1,000
Proceeds= $99,000
Therefore the proceeds of the note, assuming that the note is discounted at 6% will be $99,000
Answer: Problem detection
Explanation: Problem detection is used in R&D, it is a techniques that asks consumers who are familiar with the product or service to ponder upon an exhaustive list of things that bothers them while using the product.
This is done to find the ideas to make creative strategies and improvements in product/service.
Problem Detection approach identifies and prioritizes the most pressing consumer concerns so that the brand they are associated with can address unmet needs that exist in the marketplace.
Answer:
O administering compensation
Explanation:
The human resources department or the HR is the department responsible for employees' management in an organization. Employees are the human resources in the organization. The HR's main task is to attract, train, and retain the best employees for the company.
Other functions of the Human resources department include