Answer:
e. reduce their cost of production.
Explanation:
As we know mostly, the production processes of the well-known and big companies in USA held in developing countries. Because, the point is about labor cost. The wage rate in USA is more than in developing countries. Then, it will decrease the total cost of the production. Following this, these companies can decrease prices for substitution effect, or even if increase to get more profit. This process is called job outsourcing. The job outsourcing has negative effect on USA employment market. However, this is fact that the persons who are living under lower life standards will have willingness to work and these people live in Asian, African and Latin American countries.
Which one of the following is not an advantage of "early and continuous delivery of valuable software?a. Working software is a good measure of progress. b. Allows for customer to see software early and provide feedback. c. % Complete is an effective and accurate measure of project completion in large projects. d. Failing early is better than failing late.
Answer:
The correct answer is C
Explanation:
Continuous delivery as well early means that the company is very effective in performing or delivering their projects. In short, means that they ensures that the software or project to be released reliably at any time. And is in state where they could build a good reputation in the market.
Advantage or benefit of the early as well as continuous delivery of the software states the accurate as well as effective measure of the completion of the project.
The statement '% Complete is an effective and accurate measure of project completion in large projects' is not an advantage of early and continuous delivery of software. Agile principles value working software over percentage metrics for project completion.
Explanation:Advantages of Early and Continuous DeliveryThe concept in question refers to the principles of agile software development, where the early and continuous delivery of valuable software is advocated. This approach offers several advantages:
Working software as the primary measure of progress.It allows for the customer to see the software early and provide feedback.Failing early is better than failing late, as it provides a chance to make corrections sooner.The option that is not an advantage is 'c. % Complete is an effective and accurate measure of project completion in large projects.' This statement does not align with the principles of agile software development because percentage complete is not an effective measure compared to working functionality, especially in large projects where complexities make this metric less reliable.
My brother-in-law worked as a full-time school teacher in San Diego for 35 years. When he completed his 35 years of service, he retired and now receives -- based on his salary and years of service -- $6,000 per month for the rest of his life. This type of employer-sponsored retirement plan is best described with which of the following phrases:
(A) Fixed compensation
(B) Defined benefit
(C) Perpetual benefit
(D) Contingent benefit
(E) Defined contribution
Answer: (B) Defined benefit
Explanation:
Defined benefit is referred to as the type of the pension plan under which the employer tends to agrees to pay the particular pension amount after the retirement. The amount of the pension is thus driven by the annual earnings of the individuals i.e. the employee during their period of working. This is also referred to as the no. of years they have served the office.
The retirement plan described is a defined benefit plan, where the retiree receives a fixed amount per month based on salary and years of service.The correct answer is option-E.
The employer-sponsored retirement plan described in the question is best described as a defined benefit plan. In a defined benefit plan, the retirement benefits are based on a formula that takes into account the employee's salary and years of service. The retiree receives a fixed amount per month for the rest of their life, regardless of the investment performance of the plan.
Therefore, the correct answer is option-E.
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Rob, Bill, and Steve form Big Company. Rob performs $45,000 of services for his 45 shares of the company. Bill transferred property with a basis of $5,000 for $75,000 of stock (75 shares). Steve contributes cash of $100,000 for his 100 shares. Which of the three must recognize income in the year of the formation?
Answer:
Rob and Bill.
Explanation:
According to the Investment Advisers Act of 1940, which of the following statements is true regarding the information that an SEC-registered adviser is required to deliver or offer to deliver to their advisory clients?a. Written disclosure documents must be delivered or offered to clients annually. b. The adviser must send a copy of all records of account activity over the course of the previous year to each client.
Option A, Written disclosure documents must be delivered or offered to clients annually.
Explanation:
Investment advisers must submit, or offer to submit, at least annually the written communication document (Brochure) under the Brochure Rule of the Investment Advisers Act of 1940.
For all federally licensed investment advisers the guidelines, known formally as law 204-3, refer and set out the dates during the advising period during which they must supply content.
Choosing the Perfect financial advisory that suits their needs has wouldn't have to be difficult. The free device of Smart Asset matches in five minutes with financial trustees in their area. Every contractor has been named to act in the interests of Smart Asset and is legal.
The ________ identifies the income at which half of the population earns more and half of the population earns less.Choose one answer.a. mean household incomeb. poverty levelc. median household incomed. Gini coefficient
Answer:
c. median household income
Explanation:
Median household income is the amount that divides the distribution of income into two equal groups: half has income above this amount, and the other half has income below this amount.
Mean household(average) income (average) is the amount obtained by dividing the total aggregate income of the group by the number of units in this group.
The poverty level is the minimum amount of income required to live at an adequate standard of living. Almost all countries have poor citizens. The poverty line constitutes an economic tool used to make decisions about the situations of these individuals or to work on issues related to poverty prevention.
The Gini coefficient measures the inequality amount values of a frequency distribution (for example, income levels). The Gini coefficient is a factor for measuring whether the distribution of national income is equal in a country. The coefficient takes values between 0 and 1, and higher values correspond to greater inequality. For example, in a society where everyone has the same income, the Gini coefficient is 0, whereas a society where all income is collected in one person (more than one member) is 1. The Gini coefficient is found by dividing the area above the Lorenz curve by the entire area below the 45-degree equality line. While the Gini coefficient can be used to investigate inequality in disciplinary institutions, it is also used in various fields such as sociology, economics, ecology, engineering, agriculture.
On December 31, 2008, Pico acquired $250,000 par value of the outstanding $1,000,000 bonds of its subsidiary, Sico, in the market for $200,000. On that date, Sico had a $100,000 premium on its total bond liability.Which one of the following is the net amount of gain or loss that will be recognized by Pico in its December 31, 2008, consolidated financial statements as a result of its intercompany bonds?A. $25,000B. $50,000C. $75,000D. $150,000
Answer:
C. $75000
Explanation:
Upon consolidation of financial statements all inter-related/company sales/provision for unrealized profits (PUPs) need to be eliminated in full. In this case, there are two important things to focus on,
FIRST, the bonds have been issued at a discount and
SECOND, there is a total $100,000 premium on the bond liability, but because only 25% ($250,000/$1,000,000× 100 = 25%) of the bonds are inter-company, only 25% of the premium is eliminated. Thus, $25,000 of premium and the $50000 of discount totaling $75000 achieved is the total net amount of gain that PICO will recognize in its December 31, 2018 consolidated financial statements.
Sandhill Electronics reported the following information at its annual meetings:
The company had cash and marketable securities worth $1,235,455, accounts payables worth $4,159,357, inventory of $7,134,300, accounts receivables of $3,454,000, short-term notes payable worth $1,122,400, and other current assets of $121,455.
What is the company's net working capital?
Answer:
$6,663,453
Explanation:
Cash and marketable securities = $1,235,455
Inventory = $7,134,300
Accounts Receivables = $3,454,000
Other current assets = $121,455
Total Current Assets:
= Cash and marketable securities + Inventory + Accounts Receivables + Other current assets
= $1,235,455 + $7,134,300 + $3,454,000 + $121,455
= $11,945,210
Accounts payable = $4,159,357
Short term notes payable = $1,122,400
Total Current Liabilities:
= Accounts payable + Short term notes payable
= $4,159,357 + $1,122,400
= $5,281,757
Net Working Capital = Total Current Assets - Total Current Liabilities
= $11,945,210 - $5,281,757
= $6,663,453
Which of the following is NOT a benefit of designing for producibility? [Identify the methods and objectives of manufacturing that influence system design.]
a. Little or no testing required
b. Lower overall cost
c. Quicker product introduction
d. Stable product design
Answer:
The correct answer is letter "A": Little or no testing required.
Explanation:
Producibility design allows a company to have a reliable product design aligned with manufacturing processes that reduce overall costs. By doing so, the efficiency of the product becomes higher because of the trial processes the firms go through, leading to a quicker introduction of the good to customers.
The option 'a. Little or no testing required' is the incorrect choice because testing is critical for ensuring the safety and quality of the product, regardless of its producibility. Producing a design that is optimized for manufacturing still necessitates adequate testing at various stages.
Explanation:The question poses a scenario regarding the benefits of designing a product with producibility in mind. In the context of manufacturing and system design, producibility refers to the extent to which a product is designed for easy production, which typically results in lower costs, quicker market introduction, and a more stable design. The incorrect option among the provided benefits of designing for producibility is a. Little or no testing required.
Testing is a critical component of the design process and is necessary to ensure product quality and safety, and it cannot be substantially reduced or eliminated simply because producibility has been considered. Contrarily, the concepts of incremental design, detailed design processes, and an understanding of stakeholder needs all underscore the importance of rigorous testing, iterating, and refinement in order to reach high product standards and market success.
Test-driven development is an important practice of extreme programming (xp).
a. True
b. False
Final answer:
The statement is true; test-driven development is a cornerstone practice in Extreme Programming (XP), focusing on writing tests before writing the actual code to improve software quality and responsiveness.
Explanation:
The statement is true; test-driven development (TDD) is indeed an important practice of Extreme Programming (XP). Test-driven development is a software development process where test cases are defined and created before the software is developed. The basic steps of TDD involve writing a test for a new feature, running the test to see that it fails (since the feature isn't implemented yet), writing the simplest code that can make the test pass, and then refactoring the code to meet the standards of cleanliness and efficiency.
Extreme Programming is an agile software development methodology that aims to produce higher-quality software and higher quality of life for the development team. It encourages frequent releases in short development cycles, which is intended to improve productivity and introduce checkpoints where new customer requirements can be adopted.
XP practices, including TDD, are built around the goal of improving software quality and responsiveness to changing customer requirements. By integrating TDD into the development process, developers can catch defects early and ensure that each new feature is properly tested before it is integrated into the codebase. This leads to more robust and reliable software.
In addition to the size of the GDP, some other factors that affect the value of the American dollar are its relative _____________ compared to other currencies and the relative stability of the governments that issue those currencies..
Answer:
The correct word for the blank space is: scarcity.
Explanation:
Besides scarcity, some other factors influence the U.S. dollar value such as government stability, supply and demand, market psychology, and technical factors. When the U.S. exports goods it creates a demand for American dollars because customers must pay in that currency. The value of the U.S. dollar can be gauged by monitoring events like the Gross Domestic Product (GDP) since it reveals what is happening in the economy.
Economy of Economy Stock A Stock B Recession .20 .010 –.35 Normal .55 .090 .25 Boom .25 .240 .48
a. Calculate the expected return for the two stocks. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
b. Calculate the standard deviation for the two stocks. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
Answer:
a. STOCK A
State of nature R(%) P ER R-ER R - ER2.P
Recession 0.010 0.20 0.002 -0.1015 0.00206045
Normal 0.090 0.55 0.0495 -0.0215 0.0002542375
Boom 0.240 0.25 0.06 0.1285 0.0041280625
ER 0.1115 Variance 0.00644275
STOCK B
State of nature R(%) P ER R - ER R - ER2.P
Recession -0.35 0.20 -0.07 -0.5375 0.05778125
Normal 0.25 0.55 0.1375 0.0625 0. 0021484375
Boom 0.48 0.25 0.12 0.2925 0.021389062
ER 0.1875 Variance 0.08131875
Expected return of stock A = 0.1115 = 11.15%
Expected return of stock B = 0.1875 = 18.75%
b. Standard deviation of stock A = √0.00644275 = 0.0802
Standard deviation of stock B = √0.08131875= 0.2852
Explanation:
In the first case, there is need to calculate the expected return of each stock by multiplying the return by probability.
In the second case, we need to obtain the variance. The square root of variance gives the standard deviation. Variance is calculated by deducting the expected return from the actual return, then, raised the difference by power 2 multiplied by probability.
To find the expected return for each stock, multiply the probability of each economic condition by the return of the stock in that condition and then sum them up. To calculate the standard deviation of each stock, calculate the variance by computing the sum of squared differences between each return and the expected return, weighted by the probability of each economic condition, then take the square root of the variance.
Explanation:a. To calculate the expected return for each stock, we multiply the probability of each economic condition by the return of the stock in that condition and then sum them up. For Stock A:
(0.20)(0.010) + (0.55)(0.090) + (0.25)(0.240) = 0.0513 or 5.13%.
For Stock B:
(0.20)(-0.35) + (0.55)(0.25) + (0.25)(0.48) = 0.112 or 11.2%.
b. To calculate the standard deviation for each stock, we need to calculate the variance first. The variance is the sum of the squared differences between each return and the expected return, weighted by the probability of each economic condition. The standard deviation is the square root of the variance.
For Stock A:
Var(A) = (0.20)(0.010 - 0.0513)^2 + (0.55)(0.090 - 0.0513)^2 + (0.25)(0.240 - 0.0513)^2 = 0.000442
Stdev(A) = √Var(A) = 0.021 or 2.1%.
For Stock B:
Var(B) = (0.20)(-0.35 - 0.112)^2 + (0.55)(0.25 - 0.112)^2 + (0.25)(0.48 - 0.112)^2 = 0.084
Stdev(B) = √Var(B) = 0.29 or 29%.
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Suppose the government of Iraq is deciding what kind of monetary policy and exchange rate regime to choose. The government wants to ensure stability in international trade and investment by pegging the Iraqi dinar to the U.S. dollar. Which of the following policy choices will achieve this goal?
a. Maintaining capital controls with no independent monetary policy
b. Controlling the interest rate in the country and imposing restrictions on foreign exchange trading
c. Foregoing monetary policy autonomy without imposing capital controls
To achieve stability in international trade and investment, the government of Iraq should choose option c: Foregoing monetary policy autonomy without imposing capital controls.
Explanation:To achieve stability in international trade and investment by pegging the Iraqi dinar to the U.S. dollar, the government of Iraq should choose option c: Foregoing monetary policy autonomy without imposing capital controls.
This means that Iraq will give up its ability to independently adjust monetary policy, such as interest rates, while not implementing restrictions on the flow of capital. This allows the exchange rate between the Iraqi dinar and the U.S. dollar to remain stable.
By pegging the Iraqi dinar to the U.S. dollar, Iraq aligns its currency value with a more stable and widely accepted currency, which can attract foreign investment and promote confidence in international trade.
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An individual borrowed money at the bank to send his daughter to college. Instead of purchasing Credit life insurance, he used an existing life insurance policy to secure the debt. This would be called a ___________
Answer:
The correct answer is: Collateral Assignment.
Explanation:
Collateral assignment of a life insurance sets a lender as the beneficiary in front of the decease of the insured, so the benefits will be used to cover the debt of that loan. The lender could be the insured of the life insurance or anybody else the insured decides to appoint.
Final answer:
A loan secured with an existing life insurance policy is known as a collateralized loan. It offers the lender security in the form of the policy benefits if the borrower fails to repay the loan.
Explanation:
When an individual borrows money from a bank and secures the debt with an existing life insurance policy, this arrangement is called a loan backed by collateral. Collateral in financial terms often includes property or equipment, but it can also be other assets such as a life insurance policy. Such collateral provides assurance to the lender that if the loan is not repaid, the bank has the right to seize the policy benefit to recover the debt.
The following information was reported by Young's Air Cargo Service for 2017: Net fixed assets (beginning of year) $ 1,860,000 Net fixed assets (end of year) 2,280,000 Net operating revenues for the year 3,230,000 Net income for the year 1,600,000 Compute the company's fixed asset turnover ratio for the year. (Round your answer to 2 decimal places.)
Answer:
1.56
Explanation:
Data provided in the question:
Net fixed assets (beginning of year) = $1,860,000
Net fixed assets (end of year) = $2,280,000
Net operating revenues for the year = $3,230,000
Net income for the year = $1,600,000
Now,
company's fixed asset turnover ratio for the year
= Net operating revenues ÷ Average total assets
Also,
Average total assets
= [Net fixed assets (beginning of year) + Net fixed assets (end of year) ] ÷ 2
= [ $1,860,000 + $2,280,000 ] ÷ 2
= $2,070,000
Therefore,
Company's fixed asset turnover ratio for the year
= $3,230,000 ÷ $2,070,000
= 1.56
Jennifer, Martin, and Edsel form a limited liability company called Big Apple, LLC, to operate a bar in New York City. Jennifer, Martin, and Edsel are member-managers of the LLC. One of Jennifer’s jobs as a member-manager is to drive the LLC’s truck and pick up certain items of supply for the bar each Wednesday. On the way back to the bar on Wednesday after picking up the supplies for that week, Jennifer negligently runs over a pedestrian, Tilly Tourismo, on a street in Times Square. Tilly is severely injured and sues Big Apple, LLC to recover monetary damages for her injuries. Who is liable? Why?
Answer and explanation:
Big Apple, LLC is liable because in a member-managed LLC each of the members has the same rights and responsibilities with the firm. The accident happened while Jennifer was on duty. Regardless she acted negligently, as part of the LLC, she should not be charged individually but jointly.
Big Apple, LLC could be held liable for Jennifer's actions under vicarious liability as Jennifer was performing her duties at the time of the incident. The corporate shield of an LLC protects individual members from personal liability, but the LLC itself can be held responsible for actions taken by its members within the scope of their business duties.
Liability in Limited Liability Companies:
In the scenario provided, Big Apple, LLC may be held liable for the injuries sustained by Tilly Tourismo due to the negligence of Jennifer, one of its member-managers, while performing her duties for the LLC. This situation is grounded in the legal principle of vicarious liability, where an entity can be held responsible for the actions of its agents or employees conducted within the scope of their employment.
Unlike sole proprietorships or partnerships, where owners could face personal liability for business debts or damages, limited liability companies (LLCs) and corporations offer protection to owners\' personal assets, mitigating personal liability. This is known as the corporate shield. However, corporations and LLCs can still be held accountable for the actions of their agents under the doctrine of respondeat superior.
In conclusion, while Jennifer was acting in the capacity of her duties for the LLC, Big Apple, LLC will likely bear the liability for the accident. However, Jennifer could also face personal liability if it is determined that she acted outside the scope of her employment or if her actions were criminally negligent.
As of January 1, 2018, Farley Co. had a credit balance of $526,000 in its allowance for uncollectible accounts. Based on experience, 3% of Farley's credit sales have been uncollectible. During 2018, Farley wrote off $637,000 of accounts receivable. Credit sales for 2018 were $19,800,000. In its December 31, 2018, balance sheet, what amount will Farley report as allowance for uncollectible accounts? A. $705,000. B. $483,000. C. $1,120,000. D. $594,000.
Answer:
The correct answer is B
Explanation:
The amount which will Farley report as an allowance for uncollectible accounts in the balance sheet is computed as:
Uncollectible amount from sales = Sales × Percentage of credit sales which is uncollectible
where
Sales is $19,800,000
Percentage of credit sales which is uncollectible is 3%
Putting the values above:
= $19,800,000 × 3%
= $5,94,000
Total uncollectible amount = Uncollectible amount from sales + Credit balance of uncollectible - Amount wrote off
= $5,94,000 + $526,000 - $637,000
= $11,20,000 - $637,000
= $483,000
Selling insurance without a license without misappropriating premium funds is a ________.
Answer:
Selling insurance without a license without misappropriating premium funds is a class 4 felony.
Explanation:
The sale of insurance without a license without misappropriating funds is a class 4 felony that attracts a fine up $5,000 and 5 years imprisonment. This is in accordance with Illinois Laws Regulations.
Glen filed his 2017 return on March 15, 2019. He is due a $400 refund on his 2017 return. What is the failure-to-file penalty for his 2017 return?a. $0b. $24c. $210d. $400
Answer:
a. $0
Explanation:
If a person has refund due, then there is no penalty on filing late return. Glen filed his return of year 2017 in year 2109. There will be $0 penalty, since he has his refund due.
FarCry Industries, a maker of telecommunications equipment, has 6 million shares of common stock outstanding, 1 million shares of preferred stock outstanding, and 10 thousand bonds. If the common shares are selling for $27 per share, the preferred shares are selling for $15 per share, and the bonds are selling for 119 percent of par ($1,000), what weight should you use for debt in the computation of FarCry's WACC?
Final answer:
To calculate the weight for debt in FarCry's WACC, divide the market value of the bonds by the total market value of the firm's financing sources. The weight for debt is approximately 6.07%.
Explanation:
In computing FarCry's WACC (Weighted Average Cost of Capital), the weight to be used for debt is calculated by dividing the market value of the debt by the total market value of the firm's financing sources. In this case, FarCry has 6 million common shares, 1 million preferred shares, and 10 thousand bonds. To calculate the weight for debt, we need to determine the market value of the bonds, which is calculated by multiplying the number of bonds (10 thousand) by the bond selling price (119% of par) and the par value ($1,000). So the market value of the bonds is $1,000 * 1.19 * 10,000 = $11,900,000. Now, we can calculate the weight for debt by dividing the market value of the bonds by the total market value of the firm's financing sources:
Weight for Debt = Market Value of Bonds / (Market Value of Common Shares + Market Value of Preferred Shares + Market Value of Bonds)
Market Value of Common Shares = Number of Common Shares * Market Price of Common Shares = 6 million * $27 = $162 million
Market Value of Preferred Shares = Number of Preferred Shares * Market
Price of Preferred Shares = 1 million * $15 = $15 million
Market Value of Bonds = $11,900,000
Weight for Debt = $11,900,000 / ($162,000,000 + $15,000,000 + $11,900,000) ≈ 0.0607 or 6.07%
You’ve dreaded it for a while, but now you feel prepared. In 30 minutes you’ll have to terminate Tim, a 12-year employee who is beloved by everyone in the firm. Unfortunately, he just hasn’t performed very well since his wife died three years ago and while he was given every chance to regain his performance, he has just continued to slide. Which of the following elements of communication is MOST likely to influence Tim’s perception of your communication effectiveness?
A)Tone
B)Pace
C)Indirect Non-verbals
D)Formailty
Answer: Tone of communication
Explanation: Voice tone is really about the feeling behind what you mean. There's no shift in your voice, but the way you speak to someone. If you're angry, you might be brusque; if you're pleased, you might be delighted with your expression.
In simple words, tone depicts the attitude of the employees while making a statement to their audience. It shows the maturity level of the dictator and shows how he or she handles the situation.
Hence from the above we can conclude that tone would be the most important element in the given case as the audience of that message can get emotionally affected from that information.
A company issues $15,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2011. Interest is paid on June 30 and December 31. The proceeds from the bonds are $14,703,109.
Using straight-line amortization, what is the carrying value of the bonds on December 31, 2013?
a. $14,752,673
b. $14,955,466
c. $14,725,375
d. $14,747,642
Answer:
d. $14,747,642
Explanation:
For computing the carrying value of the bonds , first we have to determine the discount amortization for 3 years which are shown below:
= (Issued amount - proceeds from the bonds) ÷ time period × number of years
= ($15,000,000 - $14,703,109) ÷ 20 years × 3 years
= $44,533.80
Now the carrying value would be
= Proceeds from the bonds + discount amortization for 3 years
= $14,703,109 + $44,533.80
= $14,747,642
How much life insurance would a person buy if he wants to leave enough money to ensure that their family will receive $40,000 dollars in interest, of constant year 0 value dollars? The interest rate expected from banks is 7.5 percent and the inflation rate is expected to be 3 percent per year.
Answer:
amount of insurance required = $888888.889
Explanation:
given data
cash flow = $40000
expected return = 7.5%
inflation rate = 3%
to find out
amount of insurance required
solution
we get here amount of insurance required that is equal to present value of perpetuity ..................1
so it will be
amount of insurance required = Cash flow ÷ (expected return - inflation rate) ....................2
put here value we get
amount of insurance required = [tex]\frac{40000}{0.075-0.03}[/tex]
amount of insurance required = $888888.889
The board of commissioners of the City of Hartmoore adopted a General Fund budget for the year ending June 30, 2017, that included revenues of $1,432,500, bond proceeds of $427,500, appropriations of $980,000, and operating transfers out of $480,000. If this budget is formally integrated into the accounting records, what journal entry is required at the beginning of the year? If this budget is formally integrated into the accounting records, what later entry is required?
Answer:
See explanation section
Explanation:
Req. A
As the general fund budget is formally integrated, the journal entry at the beginning requires to make the revenue debit and appropriations to be credit. And there must be a balancing figure to integrate the operational transfers.
Debit Revenues $1,432,500
Debit Bond proceeds 427,500
Credit Appropriations $980,000
Credit Operating transfers out 480,000
Credit Fund balance (Balance debit - credit) 400,000
Fund balance is the budgetary amount.
Req. B
At the end of the accounting period, the fund balance needs to be removed by making it debit. Most importantly, as the year wears out, all the budgetary plans will be transferred. Therefore, the journal entry is-
Debit Appropriations $980,000
Debit Operating transfers out 480,000
Credit Fund balance (Req. A) $400,000
Credit Revenues $1,432,500
Credit Bond proceeds 427,500
During the period 2006 through 2010, housing production in the United States fell from a rate of over 2.27 million housing starts per year to a rate of under 500,000, a decrease of over 80 percent. At the same time, the number of new households slowed to a trickle. Students without a job moved in with their parents, fewer immigrants came to the United States, and more of those already here went home. If there are fewer households, it is a decline in demand. If fewer new units are built, it is a decline in supply. Assume that the quantity supplied and quantity demanded are equal at 50,000 units and at a price of $200,000. 300,000 250,000 200,000 150,000 100,000 1.) Using the line drawing tool, draw and label a standard supply and demand diagram which shows the demand for new housing units that are purchased in the market each month, and the supply of new units built and put on the market each month. 2.) Using the line drawing tool, draw and label a line to show a decline in demand on the same diagram
A standard supply and demand diagram can be used to show the decline in the housing market from 2006 to 2010. The decline in demand is represented by a leftward shift of the demand curve, leading to a new, lower equilibrium point for price and quantity of units.
Explanation:The given question is related to Economics, specifically the concepts of supply and demand in the housing market. You start by sketching a standard supply and demand graph with price on the y-axis and quantity on the x-axis. Initially, the demand and supply curves intersect at 50,000 units and a price of $200,000 – label this as point 'A'.
To show a decline in demand, you would draw and label a new demand curve that shifts to the left of the original demand curve. This represents a decrease in the number of households that require housing each month. The point at which this new demand curve intersects with the original supply curve is the new equilibrium point – label this as 'B'.
This diagram visually illustrates the impact of a reduction in demand on housing units over the period of 2006 to 2010, showing how it leads to a decrease in both the quantity of units supplied and their market price.
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Select which option best completes the following statement: In pure Scrum, the team reports to the____________.Select one:
a. Scrum Master
b. No One
c. Project Manager
d. Product Owner
Answer:
The correct answer is B
Explanation:
Scrum is the process or procedure framework, in which the complex knowledge work is managed with the primary focus on the development of the software, though it is used in other fields and slowly started to explore for complex or difficult work, advanced technologies and research.
In the process of pure scrum, the tea, would not report to any person or team as the testers, designers and the developers likely to share the roles with each other.
Final answer:
The team in pure Scrum reports to no one since teams are self-organising, with the Scrum Master facilitating the process and the Product Owner managing the product backlog.
Explanation:
The correct answer to the question is: In pure Scrum, the team reports to no one. This is because in Scrum, traditionally there is no role of a project manager and the teams are considered to be self-organising. The Scrum process emphasizes cross-functionality and collaboration within the team, where decision-making is a shared responsibility. The Scrum Master facilitates the process and addresses impediments but does not act as a manager to whom the team reports. Conversely, the Product Owner is responsible for managing the product backlog and ensuring that the product delivers value, but again, the team does not report to them in the traditional sense.
Last year, Wesson Company sold 10,000 units of its only product. If sales increase by 12% in the current year, how will unit variable cost and unit fixed cost be affected? Unit Variable Cost Unit Fixed Cost
A) Remains constant Remains constant
B) Increases Decreases
C) Decreases Remains constant
D) Remains constant Decreases
E) Remains constant Increases
Select one:
a. Choice A
b. Choice B
c. Choice C
d. Choice D
e. Choice E
Answer:
Correct answer is D, Unit variable cost remains and unit fixed cost decrease
Explanation:
The relationship between sales volume and unit fixed cost is inverse. Which means, the larger the volume increase of sales, the smaller the unit cost fixed cost in the period. No matter how much is the increase in sales, the total fixed cost REMAINS, that is why it affects only on per unit cost. VARIABLE UNIT COST on the other hand, is constant and will never be affected on the increase in sales volume. The relationship between total variable cost and sales is directly proportional.
An analyst is forecasting net income for Excellence Corporation for the next fiscal year. Her low-end estimate of net income is $250,000, and her high-end estimate is $350,000. Prior research allows her to assume that net income follows a continuous uniform distribution. The probability that net income will be greater than or equal to $337,500 is ________. 0.125
Answer:
12.5%
Explanation:
We are estimating the probability to be greater than or equal to $337,500
This probability will be
P(X > $337,500) = (high-end estimate - 337500) / (337500 - low-end estimate)
P(X > $337,500) = (350000-337500) / (350000-250000) = 0.125
= 0.125*100
= 12.5%
The market value of the equity of Hudgins, Inc., is $645,000. The balance sheet shows $53,000 in cash and $215,000 in debt, while the income statement has EBIT of $91,000 and a total of $157,000 in depreciation and amortization. What is the enterprise value-EBITDA multiple for this company?
Answer:
The enterprise value- EBITDA multiple for this company is 3.25
Explanation:
IN order to find the Enterprise value-EBITDA multiple we will have to find the enterprise value of the company and the EBITDA of the company and then divide the enterprise value by the EBITDA.
In order to find the enterprise value we will have to use the following formula
Enterprise Value = Market Capitalization + Total Debt - Cash and equivalents
The Market Cap of the company is $645,000, the cash is $53,000 and the debt is $215,000, we will put these values in the formula.
EV= 645,000+215,000-53.000=807,000
Now we have to find the EBITDA of the company. EBITDA stands for earnings before interest, tax, depreciation and amortization. We already know the EBIT which is $91,000, in order to find the EBITDA we will add the depreciation and amortization to the EBIT.
91,000+157,000=248,000
Now in order to find the multiple we will divide EV by EBITDA
807,000/248,000=3.25
The enterprise value-EBITDA multiple for Hudgins, Inc. is 3.26.
Explanation:To calculate the enterprise value-EBITDA multiple, we need to find the enterprise value and the EBITDA. Enterprise value is the market value of equity plus debt minus cash. In this case, the enterprise value is $645,000 + $215,000 - $53,000 = $807,000. EBITDA is equal to EBIT plus depreciation and amortization, which is $91,000 + $157,000 = $248,000. Finally, to find the enterprise value-EBITDA multiple, we divide the enterprise value by EBITDA:
Enterprise value-EBITDA multiple = Enterprise Value / EBITDA = $807,000 / $248,000 = 3.26
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According to a company's unadjusted trial balance at Dec. 31, the balance in the Unearned Revenue account was $800. This balance represents receipt of four months of service received on December 1 from a customer. The monthly contract service to be provided is for the months of Dec., Jan., Feb. and March. The required adjusting entry for Dec. 31 would be:
Answer:
Explanation:
The adjusting entry is shown below:
Unearned revenue A/c Dr $200
To Service revenue A/c for $200
(Being the unearned revenue is recorded)
We simply debited the unearned revenue account and credited the service revenue account so that the correct posting can be done
The computation is shown below:
= Unearned revenue balance ÷ number of months
= $800 ÷ 4 months
= $200
Final answer:
The correct adjusting entry for December 31 for the unearned revenue is to debit the Unearned Revenue account and credit the Revenue account by $200 to recognize one month's worth of service provided in December.
Explanation:
The student's question pertains to adjusting journal entries for unearned revenue at the end of an accounting period. According to the information provided, the company received payment for services that are to be performed over four months, starting from December 1. Since the company has provided one month of service (December) by December 31, it needs to recognize this as earned revenue.
The adjusting entry required on December 31 would debit the Unearned Revenue account and credit the Revenue account to reflect that service has been provided for one month. The calculation for the adjustment would be $800 divided by 4 (total months of service), resulting in $200 of revenue earned in December.
Adjusting Entry on December 31:
Debit Unearned Revenue: $200
Credit Revenue: $200
Sally Ferguson, CFA, is a hedge fund manager. Ferguson utilizes both futures and forward contracts in the fund she manages. Ferguson makes the following statements about futures and forward contracts:
Statement 1: A futures contract is an exchange traded instrument with standardized features.
Statement 2: Forward contracts are marked to market on a daily basis to reduce credit risk to both counterparties.
Are Ferguson's statements correct?
(A) Only one of these statements is correct.
(B) Both statements are correct.
(C) Neither statement is correct.
Answer:
The correct answer is letter "B": Both statements are correct.
Explanation:
A futures contract is a type of forward contract between a buyer and a seller of an asset. They agree to exchange goods and money at a future date but at a price and quantity determined today. Futures contracts are standardized, regulated, and free of counterparty risk. In difference to other forward contracts, futures contracts are traded in secondary markets such as the Chicago Mercantile Exchange and the Intercontinental Exchange.
A forward contract is an agreement to buy and sell an asset at a future date. The price of the asset is fixed at the time the contract is executed. They are similar to a futures contract but forward contracts do not trade in an exchange.