Answer:
$21,200
Explanation:
The computation of the amount of the adjusting entry for uncollectible accounts is shown below:
= Estimated amount of Allowance for Doubtful Accounts balance + debit balance of Allowance for Doubtful Accounts
= $16,700 + $4,500
= $21,200
Simply we added the estimated amount and the debit balance so that the accurate amount can come
All other information which is given is not relevant. Hence, ignored it
d. Suppose a fourth investment, W, is available. It offers an expected return of 15%, and it has a standard deviation of 9%. If Sharon is risk averse, can you say which investment she will choose? Why or why not? Are there any investments that you are certain she will not choose? (Select the best answer below.)
Answer:
See below.
Explanation:
A risk averse investor always chooses lower returns and lower risks as compared to higher risk and higher returns. Standard deviation being the risk, Sharon will chose an investment that gives a better relationship between return an the risk factor. In a risk return trade off scenario, which associates probabilities to returns, a risk averse investor will chose an investment that gives a higher probability of smaller but more secure return than the opposite. For example if there was an other investment with 12% return but SD of 4%, Sharon would have opted for this as it provides more security.
Since the information is limited as per the question, Hope this helps.
Williams Company computed its cost per equivalent unit for direct materials to be $2.60 and its cost per equivalent unit for conversion to be $3.75. A total of 250,000 units of product were completed and transferred out as finished goods during the month, and 36,000 of equivalent units remained unfinished at the end of the month. The amount that should be reported in ending Work in Process Inventory is:
A. $93,600.
B. $135,000.
C. $1,816,100.
D. $1,587,500.
E. $228,600.
Answer:
The answer is E.$228,600.
Explanation:
Please find the below for detailed explanations and calculations:
The amount of each Work in Process Inventory will be equal to:
Cost per equivalent unit for direct materials + Cost per equivalent unit for conversion = 2.60 + 3.75 = $6.35.
The amount of total 36,000 ending equivalent units Work in Process Inventory should be reported, is calculated as:
The amount of each Work in Process Inventory x Amount of ending equivalent units Work in Process Inventory = 6.35 * 36,000 = $228,000.
So, the answer is E.$228,600.
The capability needs for a new software-intensive telecommunicationssystem are well understood, but funding is not available to meet all thecapabilities at once. The user is willing to field a basic system initially andadd the rest of the capabilities over a period of three years. Whichdevelopment model is best suited for this project? [27a. Given a software-intensivesystem (such as a telecommunications or guidance system), select an appropriate softwaredevelopment methodology.][Remediation Accessed :N]
a.Incremental model
b. Spiral model
c. Waterfall model
d. Life cycle model
Answer: Option A
Explanation: The incremental construct model refers to a application development approach whereby, until the project is completed, the system is planned, installed and evaluated progressively. This includes growth as well as upkeep. When it meets for all its specifications, the product is described as completed.
The product is broken down into various different features, each of which is independently designed and constructed (as setups). When finished, each element is shipped to the customer. This helps the item to be partly used and prevents a long period of production.
Consider a two-step mortgage for $150,000, 30 years, monthly payments, an initial interest rate of 5%, a cap of 5%, and a single rate adjustment at the end of year 7. Assume that the index rate at the end of year 7 is 5% and the margin is 2%. If the borrower pays an extra $100 with each payment starting in month 85, by how many months will he shorten the term of the loan
Answer:
Consider the following calculations
Explanation:
This 2-step mortgage problem requires a 2-step solution.
To solve for the PMT for the last 23 years of the loan, we first need to know what the principal is at the end of the 7th year.
Thus, step I uses the initial info to solve for the PMT for each month of the first 7 years. N=360, I/Y=5(%)/12 = 0.416667(%), PV=150,000, => PMT = 805.
The discount rate will change to 5% index rate plus 2% margin = 7% at the beginning of the 8th year.
In Step II we first determine the remaining balance at the end of year 7. This requires using the amortization worksheet.
On the TI BA II Plus, AMORT is the secondary function of PV.
Set P1, the periods at which the calculations begin, equal to 1. We cursor down to P2, which is the last period of the calculation, and set it equal to 84. Cursoring down once again, we see that BAL at month 84 = 131,917.52.
Going back to the TVM row, we set PV remaining at the end of 23 years = 131,917.52. I/Y is calcluated as 5(%) index rate plus 2(%) margin =7%; dividing 7(%) by 12 = 0.583333(%). N=360-84 = 276 months left.
Finally, we solve for PMT = 962.89.
Tasteequik Food markets one line of food products to consumers looking for meals that are very simple and quick to prepare. Tasteequik also offers another line of food targeted to people interested in low-fat, high-nutrition foods.
Tasteequik's strategy of dividing the market into groups that want similar things from the products they buy is an example of:A) benefit segmentation.
B) demographic segmentation.
C) volume segmentation.
D) target segmentation.
Answer:
Letter A is correct. Benefit segmentation.
Explanation:
Benefit segmentation is a marketing strategy that consists of dividing your audience according to the benefits or advantages perceived by the consumer when purchasing a product or service. Segmentation can occur according to various variables such as performance, customer service, special features, quality, and more.
There are several benefits added to this benefit segmentation strategy, especially the conversion of interest in the product or service into new customers, as well as customer retention and satisfaction.
To be successful and achieve the benefits described, segmentation must be designed and targeted to create marketing and advertising that engages the customer and assists in building brand value.
Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock, $5 par value. During the first year, the company earned $330,000 of net income, declared no dividends, and the following selected transactions occurred in the order given: Issued 120,000 shares of the common stock at $48 cash per share. Reacquired 18,000 shares at $43 cash per share. Reissued 6,500 shares from treasury for $44 per share. Reissued 6,500 shares from treasury for $42 per share.
Answer:
cash 5,760,000 debit
common stock 600,000 credit
additional paid-in 5,160,000 credit
--to record issuance of shares---
Treasury Stock 774,000 debit
Cash 774,000 credit
--to purchase treasury stock--
Cash 286,000 debit
retained earnings 35,500 debit
Treasury Stock 318,500 credit
--to record reissuance of treasury stock--
Explanation:
We debit cash and credit the equity account, common stok at par value and additional paid in for hte difference
For the purchase of treasury stock is done at cost, we credit the cash disbursement.
For the third as we are selling for a lesser amount we are "lossing" but as the accouting do not allow to record gain/loss on the trade of own stock we use additional paid in when positive and we decrease retained earnings when negative.
Net profit from stock transactions is calculated by subtracting the total purchase price and any transaction fees from the total sales price. Examples provided include transactions for Nike, Panda Express, and Wal Mart stocks.
Explanation:The student is asking about transactions related to stock issuance, treasury stock transactions, and calculating net profit from buying and selling shares of stock from different companies.
To calculate net profit from stock transactions, one must consider the initial purchase price, the selling price, and any transaction fees. The net profit is determined by subtracting the total purchase price and the transaction fees from the total sales price.
For example, if you bought 1000 shares of Nike at $24.50 per share and sold them at $39.75 per share, your gross profit would be (1000 shares x $39.75) - (1000 shares x $24.50). Then, you need to subtract the transaction fees from the gross profit to get the net profit. Following this method, you can calculate the net profit for each stock purchase and sale provided in the question.
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What are consumer motives?
Explanation:
The motivation for consumption comes from individual needs and desires, which may occur consciously and unconsciously. To meet their needs and wants, people identify and buy products and services that are compatible with their satisfaction.
There are several surveys and studies that seek to identify consumer behavior and explain how the purchasing decision process occurs. One of the most widespread theories in the world is Maslow's theory, which presented a hierarchy of needs that aims to identify a priority system of human needs satisfaction, divided into five parts, which are arranged in order of importance:
physiological, safety, love, esteem and self-actualizationThis theory is of great relevance to help marketers target their strategy according to the priority and need of individuals, including in their campaigns messages that send the consumer a sense of urgency for the product or service, directing marketing communication to the bottom of the hierarchy, which is the consumer's priority.
Answer:
sonk
Explanation:
The motivation for consumption comes from individual needs and desires, which may occur consciously and unconsciously. To meet their needs and wants, people identify and buy products and services that are compatible with their satisfaction.
There are several surveys and studies that seek to identify consumer behavior and explain how the purchasing decision process occurs. One of the most widespread theories in the world is Maslow's theory, which presented a hierarchy of needs that aims to identify a priority system of human needs satisfaction, divided into five parts, which are arranged in order of importance:
physiological,
safety,
love,
esteem and
self-actualization
This theory is of great relevance to help marketers target their strategy according to the priority and need of individuals, including in their campaigns messages that send the consumer a sense of urgency for the product or service, directing marketing communication to the bottom of the hierarchy, which is the consumer's priority.
Lower-of-cost-or-market as it applies to inventory is best described as the:
a. drop of future utility below its original cost.
b. method of determining cost of goods sold.
c. assumption to determine inventory flow.
d. change in inventory value to market value.
Answer:
The correct answer is A
Explanation:
Lower of market or cost rule is the one which states or describe that a business or firm need to record the inventory cost at lower, that means whichever cost or the current market price is lower.
It is the term which is best illustrated as the drop or decrease of future utility below the original or the actual cost of the inventory.
if technology improves in producing computers, what will happen to the eualibrillim price and quantity of computers?
(A) Both the equilibrium price and quantity will increase.
(B) Both the equilibrium price and quantity will decrease.
(C) The equilibrium price will increase and the equilibrium quantity will decrease.
(D) the equilibrium price will decrease and the equilibrium quantity will increase
Answer:
(D) the equilibrium price will decrease and the equilibrium quantity will increase
Explanation:
Since the technology improvement will lead to a decrease in the cost of production and an increase in the ability to produce computers. The firm can produce more computers at a lower cost so there are more computers in the market. The supply curve shifts right. The consumer demand more computer as a result of the lower price. In conclusion, the equilibrium price will decrease, the equilibrium quantity will increase.
As part of the overall systems engineering process, there are three software engineering/development approaches. When using the _____________ Approach, development activities are performed in order, with possibly minor overlap, but with little or no iteration between activities. Incremental Evolutionary Waterfall Spiral
When using the Waterfall Approach, development activities are performed in order, with possibly minor overlap, but with little or no iteration between activities.
Explanation:
There is a seamless execution of software operation with perhaps a slight variation, but little or no repetition. User standards are identified, requirements are described and the whole system is designed, intended and tested at one moment in time for ultimate delivery.
A document-based approach better suited to structures of strongly precedent and reliable requirements.
Sometimes referred known as the great linear and sequential model, the waterfall model is also quite linear and sequential for the activity flow in this model, as its title suggests.
In the context of software engineering, developing activities in sequence with limited overlap or iteration is characteristic of the Waterfall approach. The Waterfall model is a sequential process that progress downwards through various phases.
The software engineering approach that involves carrying out development activities in order, with little or possibly minor overlap, and with minimum to no iteration between activities is called the Waterfall approach. The Waterfall model is a sequential design process, where progress is seen as flowing steadily downwards (like a waterfall) through the phases of conception, initiation, analysis, design, construction, testing, production/implementation, and maintenance.
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Electronika International is a fast-growing small company specializing in consumer electronics. Managers at Electronika International are exploring the idea of using the "Big Five" personality dimensions in hiring and improving work-related behaviors and job performance.When hiring new employees, e-commerce managers should look for people who have a high level of _____, which is the most valuable "Big Five" personality dimension for predicting job performance.
A. extraversion
B. openness to experience
C. conscientiousness
D. introversion
E. locus of control
Answer:
Letter C is correct. Conscientiousness.
Explanation:
In this case, conscientiousness is the most appropriate personality trait for hiring new employees, as a high score in conscientiousness usually characterizes individuals with higher levels and a sense of self-discipline. These are methodical and organized individuals who are highly likely to be high-performing employees because of their ability to control their impulses, their reliability, and their organization to meet predetermined goals and plans.
Final answer:
E-commerce managers should focus on the conscientiousness trait in the Big Five personality dimensions when hiring, as it is highly indicative of a job performance.
Explanation:
When hiring new employees, e-commerce managers at Electronika International should look for individuals with a high level of conscientiousness, as it is the most valuable of the "Big Five" personality dimensions for predicting job performance. Conscientiousness pertains to traits such as competence, self-discipline, thoughtfulness, and achievement-striving, which are indicators of a diligent and dependable employee. Research has shown that conscientiousness is positively correlated with job performance and is essential for onboarding success.
Buy Nothing Day and TV Turnoff Week events designed to discourage rampant commercialism. These are examples of:_________a. cultural terrorismb. consumerismc. anticonsumptiond. culture jamming
Answer: Option D
Explanation: Culture jamming refers to a strategy that is used by non-consumer social protests to undermine or suppress media environment and its dominant public institutions, namely corporate propaganda.
Culture jamming refers to a method of subvertising. Many cultural jams are meant to disclose the advertisement tradition to debatable political assertions. Culture jamming utilizes the tactic of diversion, which thinks in terms and imagery of the dominant model or heritage to attack the framework or heritage in a provocative way.
Thus, from the above we can conclude that the correct option is D.
Employees performed services in 2016, but got paid in 2017. Apply the matching concept to this example. In which year would the wage expense be reported on the income statement under [a] the cash basis or [b] the accrual basis? Why?
Answer:
a) Cash basis - 2017
b) Accrual basis - 2016
Explanation:
Requirement a)
The wage expense would be reported in 2017 on the income statement under the cash basis. According to the cash basis accounting, the expenses have occurred only when the cash is paid. Therefore, whatever the employees did in 2016 would not be reported as an expense if they did not get the payment in 2016. Managers cannot apply the matching principle in Cash basis accounting.
Requirement b)
The wage expense would be reported in 2016 on the income statement under the cash basis. It matches with the matching principle. It is a matching concept example. According to the accrual basis accounting, the expenses would be reported whenever the employees performed for the company regardless of getting paid on that year or not.
On December 31, 2019, Ling Co. estimated that 2% of its net accounts receivable of $450,000 will become uncollectible. The company recorded this amount as an addition to Allowance for Doubtful Accounts. The allowance account had a zero balance before adjustment on December 31, 2019. On May 11, 2020, Ling Co. determined that the Jeff Shoemaker account was uncollectible and written off $1,100. On June 12, 2020, Shoemaker paid the amount previously written off. Prepare the journal entries on December 31, 2019, May 11, 2020, and June 12, 2020.
Instructions
Prepare the journal entries on December 31, 2019, May 11, 2020, and June 12, 2020.
Journalize entries for the sale of accounts receivable. LO 2)
Answer:
December 31 2019
Dr Bad Debt Expenses 9,000
Cr Allowance for uncollectible debt 9,000
(to record bad debt expenses at year end 2019)
May 11 2020
Dr Allowance for Doubtful Debt 1,100
Cr Account Receivable 1,100
(to record written-off of Receivable from Jeff Shoemaker)
June 12 2020
Dr Account Receivable 1,100
Cr Allowance for Doubtful Debt 1,100
(to reverse the written-off of Receivable from Jeff)
Dr Cash 1,100
Cr Account Receivable 1,100
(to record collection of Receivable from Jeff).
Explanation:
Further calculation note for journal entry in 31 December 2019: As the allowance for doubtful debt account is zero in 31st Dec 2019, the increase in this account balance is calculated as Net Account Receivable at the time x Uncollectible Estimation = 450,000 x 2% = $9,000.
On Dec. 31, 2019, Ling Co. recorded it expected $9,000 of its accounts receivable to be uncollectible. It then wrote off $1,100 from Shoemaker's account on May 11, 2020, and finally, recorded the recovery of the same amount on June 12, 2020, when Shoemaker cleared his debt.
Explanation:The question pertains to accounting for doubtful accounts and journal entries for write-offs and recoveries. Here are the steps:
December 31, 20191) The estimated uncollectible accounts at the end of 2019 equal 2% of $450,000 = $9,000. This is recorded by debiting (increasing) Bad Debt Expenses and crediting (increasing) Allowance for Doubtful Accounts:
Bad Debt Expense...9,000Allowance for Doubtful Accounts...9,000May 11, 20202) The company determines Jeff Shoemaker's account ($1,100) is uncollectible. This is recorded by debiting Allowance for Doubtful Accounts and crediting Accounts Receivable:
Allowance for Doubtful Accounts...1,100Accounts Receivable–Shoemaker...1,100June 12, 20203) Shoemaker pays off his previously written-off account. First, reinstate the account by debiting Accounts Receivable and crediting Allowance for Doubtful Accounts. Then, record the payment by debiting Cash and crediting Accounts Receivable:
Accounts receivable–Shoemaker...1,100Allowance for Doubtful Accounts...1,100Cash...1,100Accounts Receivable–Shoemaker...1,100Learn more about Accounting for Doubtful Accounts here:https://brainly.com/question/39534128
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Huong has been saving money for two years in order to make a down payment on her first new car. She has looked at several different makes and models of both foreign and domestic cars. She finally located the "car of her dreams." Unfortunately her "dream car" is a foreign-made car and will cost her substantially more than a domestic-made car because the car is imported into the United States. In order to control the flow of products imported into the country, what does the US government and other governments impose on some imports?
Answer: Import restrictions
Explanation: Import restrictions are methods used to control the types, quantity and value of goods being imported into a country from other countries.
There are various types of import restrictions and they are:
1. Import duties: import duties are tariffs or taxes imposed on imported goods to make them more expensive thereby discouraging the purchase and use of imported goods.
2. Import quota: this is a restriction on the volume of imported goods that would be allowed into the country at a particular period of time or from a particular country.
3. Currency restrictions: this is used to restrict the amount of foreign currency used in the settlement of imported goods.
4. Prevention of the entry of illegal or harmful items into the country.
The U.S. and other governments control imports by imposing tariffs, quotas, and sometimes outright bans. Tariffs increase the cost of imports to protect domestic industries, while quotas limit the quantity of imports. These measures can protect jobs but may also limit consumer choices and competition.
Explanation:The United States government, as well as other governments around the world, impose a variety of measures to control the flow of products imported into their countries. One such measure is the imposition of tariffs, which are taxes added on imported goods. These tariffs increase the cost of imports, making them more expensive than domestic products and thus protecting local industries. For example, in 2009, President Obama and Congress enacted a tariff on tires imported from China, which increased their price significantly over a three-year period. This decision was influenced by political interest groups like the United Steelworkers union, which saw jobs in the tire industry affected by imports.
Another measure that can be used is quotas, which are limitations on the quantity of goods that can be imported. Governments may also opt to ban the importation of certain goods entirely. Additionally, international trade allows for competition and variety, which leads to innovation and improved products, as in the case of the U.S. automobile industry facing competition from foreign carmakers.
It's important to understand the impact of international trade on local economies and how measures like tariffs and quotas can protect domestic industries while potentially limiting consumer choices and affecting prices.
You must evaluate a proposal to buy a new milling machine. The base price is $120,000, and shipping and installation costs would add another $15,000. The machine falls into the MACRS 3-year class, and it would be sold after 3 years for $70,000. The applicable depreciation rates are 33%, 45%, 15%, and 7% as discussed in Appendix 12A. The machine would require a S6,000 increase in net operating working capital (increased inventory less increased accounts payable). There would be no effect on revenues, but pretax labor costs would decline by $46,000 per year. The marginal tax rate is 35%, and the WACC is 12%. Also, the firm spent $5,000 last year investigating the feasibility of using the machine. ) What is the milling machine's terminal (non-operating) cash flow at the end of year 3?
A. $76,000
B. $54,440
C. $51,500
D. $54,808
Answer:
Option (D) is correct.
Explanation:
Cost = base price + shipping and installation costs
= $120,000 + $15,000
= $135,000
Depreciation Year 1 = 33% × 135000
= 44,550
Depreciation Year 2 = 45% × 135000
= 60,750
Depreciation Year 3 = 15% × 135000
= 20,250
Accumulated Depreciation on machine at the end of year 3 :
= Depreciation Year 1 + Depreciation Year 2 + Depreciation Year 3
= 44,550 + 60,750 + 20,250
= 125,550
Hence Book Value at the end of year 3 = $135,000 - $125,550
= $9,450
Sale Value = $70,000
Gain on sale of asset = $70000 - $9450
= $60550
Tax on gain on sale of asset = 35% × 60550
= $21,192.5
Hence, net cash flow from sale of asset = $70,000 - $21,192.5
= $48,807.5
Terminal Cash Flow:
= Net Cash flow from sale of asset + net working capital
= $48,807.5 + $6,000
= $54,807.5 or $54,808
Your supervisor has placed you in charge of hiring a new, full-time administrative assistant for your department.
1. Prepare an advertisement for that position that complies with federal law. This advertisement must be detailed. The minimum length of your job description must be 300 words (approximately three-fourths of a page). You can make up the job details but must include the following:
a. A job description
b. A description of the job duties
c. A description of the minimum qualificatios
2. Prepare 10 illegal questions that must not be asked. For each question, be sure to justify your reasoning.
3. Prepare 10 legal questions that may be asked during the interview. For each question, be sure to justify each question.
Answer:
Consider the following description
Explanation:
1. Job Description: Administrative Assistant
Reports to
Office Manager/Department Manager
Position Summary
This position is responsible for assisting the Office Manager in managing the activities of the executive office.
Responsibilities
Provides efficient and professional administrative support to Depart Manager/Finance Manager.
Plans and schedule meetings, responds to various inquiries both external and internal, manages communications via phone calls, e-mail etc.
Organizes and acurately maintainsfiling system of confidential information.
Coordinates activities with other executives to ensure timely completion.
Reviews, analyzes and reports on periodic expenditures.
Qualifications
Completion of high school; university/ college degree an asset;
Minimun 5 years experience as executive assistant to Deparment manager;
Excellent communication skills- Excel, Power Point , Word;
Strong organization, planning and time management skills;
2). 10 illegal questions that must not be asked
What’s your religion or do you celebrate religious holidays?
There is no reason for an employer to ask you about your religion or about any holidays you observe.
Are you pregnant?
What’s your race/nationality?
It is illegal for an employer to ask you questions about race or skin color, where you were born, or remark upon your accent.
How old are you?
The Age Discrimination in Employment Act (ADEA) protects people over the age of 40, who work in companies with more than 20 employees, from employment discrimination.
Do you have any disabilities or health problems?
Under Title I of the Americans with Disabilities Act (ADA), an employer may not discriminate against a qualified candidate who is disabled, and must make "reasonable accommodations" for physically or mentally impaired employees.
Do you use drugs, alcohol or smoke?
"Have you ever been arrested?"
You are innocent until proven guilty; therefore, it is illegal for an interviewer to ask if you've ever been arrested.
"What type of military discharge did you receive?"
An employer may not ask whether you received an honorable or dishonorable discharge.
"Have you ever filed for bankruptcy?"
Questions about your financial status, whether you own a home, or have previously had wages garnished are off-limits.
"Do you belong to any organizations?"
It's inappropriate for an interviewer to ask whether you are affiliated with or are a member of any political, social, or religious groups- including unions.
"What is your maiden name?"
An interviewer can't discriminate on the basis of gender or marital status. Recruiters may not ask different questions of female and male applicants or of married and unmarried women. It's also inappropriate for an employer to ask if you're planning to have a family or have young children.
Most of these questions are illegal because they violate the protected class status as defined by the Civil Rights Act of 1964. That Act specifically states that no one will be denied employment based upon their sex, race, color, religion, national origin and it was recently expanded to cover sexual orientation/preference. There’s also the Age Discrimination Act of 1975, Americans with Disabilities Act and the Pregnancy Discrimination Act of 1978.
3). 10 legal questions that may be asked uring an interview:
Let us take the case of above mentioned illegal questions which can be asked in legal manner.
Religion or Creed Questions
Can you work on Saturdays/Fridays
National origin question
Verifying legal U.S. residence or work visa status.
What languages do you speak, read or write fluently?
Citizenship question
Do you have the legal right to remain permanently in the US?
What is your visa status (if no to the previous question).
Are you able to provide proof of employment eligibility upon hire?
Marital status question
After hiring, marital status on tax and insurance forms.
Parental status question
Is there any reason you can't start at 7:30 am?
Can you work overtime?
Whether an applicant can meet specified work schedules or has activities or commitments that may prevent him or her from meeting attendance requirements.
After hiring, asking for dependent information on tax and insurance forms
Criminal record question
Have you ever been convicted of a crime?
Disability question
Can you perform the specific tasks/duties of the job?
After hiring, ask about medical history on insurance forms
Age question
Are you over the minimum age for the hours or working conditions?
After hiring, verifying info with birth certificate or other ID. Insurance forms can inquire about age
Residence questions
Inquiries about the address to facilitate contact with the applicant.
Will you be able to start work at 8:00 am?
Maiden name questions
You can ask for your full name or whether you've worked under another name - in order to check your employment history.
A detailed job advertisement for an administrative assistant includes a job description, duties, and minimum qualifications following federal law. At least 10 illegal and 10 legal interview questions are also provided, including justifications regarding their legality and relevance to the role.
Job Advertisement for Administrative Assistant
Job Description: We are seeking a highly organized and proactive Administrative Assistant to join our dynamic team. The successful candidate will provide comprehensive administrative support, ensuring the smooth operation of our department. This full-time role requires excellent communication skills, a high school diploma, and experience in a secretarial role.
Job Duties: Responsibilities include managing schedules, coordinating meetings, and maintaining records. The Administrative Assistant will also be responsible for handling correspondence, preparing reports, and supporting team projects. A focus on effective time management and prioritization is essential to meet the dynamic needs of the department.
Minimum Qualifications: The ideal candidate will be a high school graduate with significant secretarial experience, demonstrating increasing responsibility. Proficiency in office software, attention to detail, and the ability to multitask are required to excel in this position. Commitment to professional development and continuous learning is also expected.
Illegal Interview Questions
"What is your marital status?" - This question is not relevant to job performance and violates privacy.
"Do you have any children or plan to?" - Questions about family planning are illegal as they can lead to discrimination.
"What is your religious affiliation?" - It's illegal to ask about religion as it's not pertinent to job abilities.
"How old are you?" - Discrimination based on age is prohibited.
"Where were you born?" - This can be discriminatory against nationality and is irrelevant to the job duties.
"Do you have any disabilities?" - This is illegal unless the question pertains to reasonable accommodations for the job.
"What is your sexual orientation?" - This is not related to job performance and is a violation of privacy.
"Have you ever been arrested?" - Inquiries should focus on convictions, not arrests.
"What is your political affiliation?" - Political beliefs are not relevant to job performance.
"Do you drink socially?" - Personal habits are not relevant unless they affect job performance.
Legal Interview Questions
"Can you describe your previous administrative experience?" - Relevant to assess qualification.
"How do you manage priorities when handling multiple tasks?" - Pertains to job-related skills.
"Are you able to perform the essential functions of the job with or without reasonable accommodation?" - Ensures candidates can fulfill job duties.
"What interests you about working in this role/company?" - Assesses candidate's motivation and fit.
"Can you provide examples of how you've handled a difficult situation in the workplace?" - Evaluates problem-solving abilities.
"How do you maintain accuracy and attention to detail in your work?" - Core competency for the role.
"What computer software are you proficient in?" - Necessary technical skills check.
"Can you work overtime if required?" - Important for assessing availability and flexibility.
"Describe a time when you improved a process." - Shows initiative and efficiency.
"How do you handle confidential information?" - Security and confidentiality are crucial for this role.
Firm A and Firm B have debt-total asset ratios of 65 percent and 45 percent, respectively, and returns on total assets of 5 percent and 9 percent, respectively. What is the return on equity for Firm A and Firm B?
Answer:
Firm A = 14.29%
Firm B = 16.36%
Explanation:
Firm A:
Debt-total asset ratio = 65 percent
= 0.65
Therefore,
Equity-total asset ratio = 1 - 0.65
= 0.35
Returns on total assets = (Net Income ÷ Total assets) × 100
= 5 percent
= 0.05
Return on Equity:
= (Net Income ÷ Equity) × 100
= (0.05 ÷ 0.35) × 100
= 0.1429 × 100
= 14.29%
Firm B:
Debt-total asset ratio = 45 percent
= 0.45
Therefore,
Equity-total asset ratio = 1 - 0.45
= 0.55
Returns on total assets = (Net Income ÷ Total assets) × 100
= 9 percent
= 0.09
Return on Equity:
= (Net Income ÷ Equity) × 100
= (0.09 ÷ 0.55) × 100
= 0.1636 × 100
= 16.36%
To calculate Return on Equity (ROE), one would require information on net income and shareholder's equity. Despite knowing the debt-to-asset ratio and the return on total assets (ROTA) for both companies, it is not enough to compute ROE. Hence, we cannot calculate the ROE for Firm A and Firm B with the information provided.
Explanation:The question asks for the return on equity (ROE) for two firms given their debt-to-asset ratio and the return on total assets (ROTA). To calculate ROE, you would use the formula: ROE = Net Income/Shareholder's Equity. However, you are not provided with net income for either firm.
Instead, you are provided with the debt-to-asset ratio and the return on total assets. The return on total assets is an efficiency measure that shows how profitably a firm uses its assets. In this case, firm A and B have a ROTA of 5 percent and 9 percent, respectively. The debt-to-asset ratio indicates the extent to which the firm is financed by debt. Firm A's debt-to-asset ratio is 65 percent, and Firm B's is 45 percent.
Even with these values, we are missing information necessary to directly calculate ROE. While these values can provide insight into each company's financial health and efficiency, without net income or shareholder's equity value figures, we wouldn't be able to calculate an exact return on equity for either firm.
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The owner of a hair salon spends $1,000,000 to renovate its premises, estimating that this will increase her cash flow by $220,000 per year. She constructs the above graph, which shows the net present value (NPV) as a function of the discount rate. At what dollar value should the NPV profile cross the vertical axis?A) $1,000,000B) $780,000C) Cannot be determined because inadequate information is given.D) The vertical axis crossing point cannot be calculated since the cash inflows are in perpetuity
Answer:
correct option is D) The vertical axis crossing point cannot be calculated since the cash inflows are in perpetuity
Explanation:
given data
hair salon spends = $1,000,000
increase cash flow = $220,000 per year
to find out
what dollar value should the NPV profile cross the vertical axis
solution
we know that discount rate is = 0 %
as sum of cash flow is infinite
because cash flow = $220000
cash flow is here perpetual
so we can say that correct option is D) The vertical axis crossing point cannot be calculated since the cash inflows are in perpetuity
Excerpts from Dowling Company's December 31, 2018 and 2017, financial statements and key ratios are presented below (all numbers are in millions):2018 2017Accounts receivable (net) $ 20 $ 16Net sales $ 115 100Cost of goods sold 60 55Net income 20 17Inventory turnover 5.22Return on assets 10.3 %Equity Multiple 2.36Dowling's average inventory balance for 2018 is (rounded):
(A) 11.(B) 12.5.(C) 12.(D) 11.5.
Answer:
Option (D) is correct.
Explanation:
Given that,
2018:
Inventory turnover = 5.22
Cost of goods sold = $60
Net sales = $115
Return on assets = 10.3%
Net income = $20
Inventory turnover = Cost of goods sold ÷ Average inventory
Average inventory = Cost of goods sold ÷ Inventory turnover
Average inventory = $60 ÷ 5.22
= 11.49 or 11.5(Approx)
Jerome, who files as head of household, received the following income: Wages (box 1 of Form W-2) $50,000; Interest income $1,000; Christmas ham (FMV) $22; and DCB, box 10 of Form W-2 $2,000 (Spent $1,500 for childcare). How much gross income must Jerome report?
Answer:
$51,022
Explanation:
Gross income is the aggregate of wages income, interest income, and FMV only.
Given that,
Wages (box 1 of Form W-2) = $50,000;
Interest income = $1,000;
Christmas ham (FMV) = $22;
DCB, box 10 of Form W-2 = $2,000 (Spent $1,500 for childcare)
Gross income:
= Wages + Interest + FMV
= 50,000 + 1,000 + 22
= $51,022
Therefore, the gross income must Jerome report is $51,022.
During the recession of 2007-2009, the U.S. economy was experiencing a decrease in home prices and consumer wealth, a credit crisis in the financial markets, and declining consumer and business confidence. What components of aggregate demand were affected and what was the impact on real output?What were the policy options?
Answer:
Explanation:
It has been given that during recession of 2007-2009, the US economy was experiencing a decrease in home prices and consumer wealth, a credit crisis in the financial markets, and declining consumer and business confidence.
Decrease in home prices and consumer wealth implies that purchasing power of households was declining. In addition to this consumer confidence was also decreasing. Both these factors had result in deceased consumption spending by households during 2007-2009.
Business confidence was also decreasing. This means that during 2007-2009, businesses believed that future economic scenario will be worse than present economic scenario. As businesses were not seeing the improvement in economic scenario coupled with credit crisis in financial markets, they had put on hold the new investment with respect to new projects as well expansion of existing production capabilities. This means businesses had reduced their investment spending during 2007-2009.
Consumption and investment are component of aggregate demand.
So, consumption and investment component of aggregate demand were affected by the recession of 2007-2009.
Both consumption and investment component of aggregate demand were declining during recession of 2007-2009. This decline has brought a decline in aggregate demand as well. Decline in aggregate demand, in result, has led to decline in real output as well during recession of 2007-2009.
The policy options were as follows –
1. Government spending had to be increased. This will prop up the aggregate demand as government spending is a component of aggregate demand. This will induce the businesses to increase production to cater to increased demand being made by government. This will lead to increase in real output and elimination of recession.
2. Tax rebates had to be extended to households as this will prop up their income and there by uplift their purchasing power. This will induce them to consume more there by uplifting aggregate demand and economy out of recession.
3. Rule tightening with respect to housing market and financial markets should be undertaken so that crisis can be arrested and consumer and business confidence can be uplifted. This will prop up aggregate demand and thereby pull the economy out of recession.
Human capital:
a. is the same as the quantity of labor.
b. is an input in the production of goods and services.
c. is more tangible than physical capital.
d. can be thought of, metaphorically, as the quality of society’s textbooks, whereas technological knowledge can be thought of as the time that the population has devoted to reading textbooks.
Explanation:
this is the knowledge, skills added to labor to promote production
At the market opening, a customer purchases 200 shares of an S&P 500 Inverse ETF (-1x) at $50 per share. At the end of that day, the S&P 500 Index declines by 10%. The next day, the index partially recovers and closes up 5%. What is the market value of the 200 shares position?
A. $9,450
B. $9,500
C. $10,450
D. $10,500
Answer:
C. $10,450
Explanation:
The computation is shown below:
Since the 200 shares are purchased for $50 per share. So, the share value is $10,000. And, in the question it shows an inverse relationship that means if the index declines by 10% the position would rise by 10% . So, the share value would be
= $10,000 + $10,000 × 10%
= $10,000 + $1,000
= $11,000
Now the index recovered by 5%
that means the ETF reduced by 5%
So,
= $11,000 × 95%
= $10,450
An auto-parts company is deciding whether to sponsor a racing team for a cost of $1 million. The sponsorship would last for three years and is expected to increase cash flows by $570,000 per year. If the discount rate is 6.9 %, what will be the change in the value of the company if it chooses to go ahead with the sponsorship?A) $747,896B) $797,756C) $847,615D) $498,597
Answer:
$498,597
Explanation:
The company's' worth would be increased by as much as the net present value of the sponsorship.
We calculate the Present value of cash flows @ 6.9%
Year 1 = 570,000 * (1/1+0.069) = 533,209 (rounded)
Year 2 = 570,000 * (1/(1+0.069)^2) = 498,792 (rounded)
Year 3 = 570,000 * (1/(1+0.069)^3) = 466,597 (rounded)
NPV = (533209 + 498792 + 466,597) - 1,000,000
NPV = $498,598
This is the net increase in value of the company.
Hope that helps.
For the IBM bond quote below, assuming a settlement date of 8/25/14, what is the dirty price of this bond? Use the bid price when calculating dirty price.A. 113.055B. 113.357C. 115.595D. 115.604E. 116.054
Answer:
Face value of bond, annual rate of interest and issue date is not mentioned in the question in absence of it exact answer cannot be calculated. However, brief explanation of topic in question is given under.
Explanation:
Dirt price is the full price a buyer (or investor) pays to buy a bond. It equals the quoted price plus accrued interest. It compensates the seller for the accrued interest she/he earned but not yet received.
To calculate it divide the number of days since the last interest payment by 360. For example, if 15 days interest has been accrued and market value of bond is 1000 $ than by dividing 15 by 360 you get 0.0417. Multiply your result by the annual interest payment (say $ 60) to determine the accrued interest. In this example, multiply 0.0417 by $60 you get $2.50 that is accrued interest. Add the accrued interest to the bond’s market value to calculate its dirty price. Concluding the example, add $2.50 and $ 1000 to get a dirty price of $ 1002.5.
The management team has asked you to reschedule the project so it finishes two weeks earlier without spending more money. They haven't removed any requirements from the project. Which technique would you use to shorten the project?
Select an answer:
fast-track
assign more experienced people to tasks on the critical path
crash the schedule
cut scope
Answer:
Crash the schedule.
Explanation:
Fast-track can complete the task earlier but takes more money. Assign more experienced people will cost the management more money. Cut scope reduces the project requirement and finishes the task earlier. Therefore, options A B and D can not be the answer.
Crash the schedule (option C) is the answer because it allocates enough resources to complete the task earlier without spending more money.
Which of the following is not an accurate statement about culture?Although most cultural variables are universal, the forms these variables take differ from culture to culture.Most cultural variables are not superficial and can not be easily influenced by environmental factors.Cultural variables can not be easily isolated from other factors such as economic and political conditions.Within a culture, everyone responds to particular cultural variables the same way.
Answer:
The answer is the last one, "Within a culture, everyone responds to particular cultural variables the same way."
Explanation:
Why don't everyone in a culture respond the same way to particular variables?
The answer is actually simple.
Its because all though culture can be seen as a collective conscious and a set of values, not every one shares it!
at the individual level, different individuals may have different opinions, values, opinions and perceptions. These individual characteristics are heavily influenced by the family, economic conditions, upbringing, education level and even the political atmosphere.
Because of this we can not say 100% that a everyone responds to particular cultural variables the same way.
The inaccurate statement about culture is that everyone within a culture responds to cultural variables the same way. Culture is dynamic, with variables influenced by various factors and expressed differently among individuals within a society. Cultural universals, like the family unit, though common to all societies, may differ significantly in their practice.
Explanation:The statement "Within a culture, everyone responds to particular cultural variables the same way" is not an accurate depiction of culture. Culture is not a monolith; individuals within a particular culture may respond to cultural variables differently based on their personal experiences, identities, and social positions. Culture is dynamic, and while it can influence individuals, they also have agency and can influence culture in return.
Cultural variables are an interplay of many facets of human life including economic, political, and social elements. They are not isolated and evolve continually in response to both internal and external factors. Moreover, variability within a culture can sometimes be as significant as the differences between cultures.
One example of a cultural universal is the concept of the family, which is recognized in all societies, although its definition and function can vary significantly between different cultures. This illustrates that while certain cultural aspects are widely shared, they can also differ greatly in their expressions from one society to the next.
The twin economic problems of the U.S. health care industry are the rising health care costs and the moral hazard problem in health care services. declining rate of immunization rates and the rising malpractice insurance costs. rising health care costs and the rising malpractice insurance costs. rising health care costs and the declining quality of health care services.
Answer:
Rising health care costs and the rising malpractice insurance costs.
Explanation:
The twin economic problems of US health care industry are rising in prices of health care and limited access(lack of insurance). These two problems are related as rising cost make insurance unaffordable for many families.
Final answer:
The twin economic problems of the U.S. healthcare industry are the rising costs and the moral hazard problem. The moral hazard problem arises when people with insurance demand more care, leading to increased costs. Shifting to health maintenance organizations (HMOs) and utilizing managed care can help mitigate the moral hazard issue.
Explanation:
The twin economic problems of the U.S. healthcare industry are the rising healthcare costs and the moral hazard problem in healthcare services. The moral hazard problem with health insurance is that when people have insurance, they will demand higher quantities of health care. Private healthcare insurance in the United States tends to encourage an ever-greater demand for healthcare services, resulting in rising costs. Additionally, the U.S. healthcare system spends significantly more on medical care compared to other countries, but the health outcomes, such as life expectancy and childhood mortality rates, tend to be lower.
A way to address the moral hazard problem is to focus on healthcare provider incentives. Shifting the emphasis to health maintenance organizations (HMOs), which receive a fixed amount per person enrolled in the plan regardless of the services provided, can help reduce the quantity of care provided while still ensuring good health outcomes. Many healthcare providers are now paid with a combination of managed care and fee-for-service, where they receive a flat amount per patient with additional payments for the treatment of certain health conditions.
Using percentages or ratios based upon unforeseen differentials in prices, Forward Pricing Rates Agreements (FPRAs) protect the contractors by allowing an extra amount above and beyond the estimated quoted prices. Which of the following is NOT an example of an FPRA rate?
A. Rates for indirect materials
B. Rates for corporate outings
C. Rates for spare parts provisioning
D. Rates for material obsolescence and usage
Rates for corporate outings is NOT an example of an FPRA rate
Explanation:
The FPRA is an agreement between an entrepreneur and a governmental agency in which some indirect charges are determined over a set period of time. All such rates are price forecasts used for cost agreements and contract changes.
By using an FPRA the contracting system can be accelerated by removing the need for audit and analysis of rates. The Contracting Officer (COO) oversees the prices of the contracting party. The ACO should always be asked any questions about the prices. After a FPRA is reached, a copies of the agreement should always be provided for in any ensuing proposal.