Answer:
Receivable turnover ratio is 5.4528
Explanation:
Receivable turnover ratio:
It is used to measure how efficiently a company or firm is issuing the credits to its customers and collection g funds from them. It is a measure how assets are used by the company efficiently.
Formula:
Receivable turnover ratio=(Total credit Sales)/ (Average receivables)
[tex]Receivable\ turnover\ ratio=\frac{\$18,785,000}{\$3,445,000} \\Receivable\ turnover\ ratio= 5.4528[/tex]
It is unit less.
Receivable turnover ratio is 5.4528
Heidi Ganahl's account of how she founded Camp Bow Wow through great adversity is best characterized as a(n):
Answer:
organizational story
Explanation:
Heidi Ganahl -
She is a very famous author , businesswomen and entrepreneur , the very founder of the Camp Bow Wow , which is a franchise for pet care.
Heidi Ganahl is characterised as an organizational story for her franchise Camp Bow Wow , where the people working in the camp Bow Wow all listen to the inspirational stories of her life , and feel motivated to do the same .
Hence , from the given information of the question,
The correct term is organizational story .
Heidi Ganahl's story of founding Camp Bow Wow is best described as an inspirational narrative. Despite facing personal tragedies and financial struggles, she overcame these challenges to establish her successful business.
Explanation:Heidi Ganahl's experience in founding Camp Bow Wow can be characterized as an inspirational narrative. This is a type of story which details a person's journey through significant challenges, adversity or hardship, which they ultimately overcome thanks to their personal strength, determination or resilience. In the case of Heidi Ganahl, the adversity she experienced included personal tragedies and financial struggles, which she overcame to establish her successful business, Camp Bow Wow.
This story can provide encouragement and motivation to others who might be facing their own obstacles or hardships, exemplifying the power of perseverance and tenacity in achieving one's goals.
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g 1)Which of the following strategies are used by business firms to capture consumer surplus?1)A)Two-part tariffsB)Price discriminationC)BundlingD)all of the above
Answer:
D)all of the above
Explanation:
All these are due to increase the producer surplus rather than consumer surplus. Now let's look what these variants actually mean:
1) Price discrimination is a price policy in which at the same moment the same product or service is sold to different customers at different prices, and this difference in price is not justified by the different costs of producing this product or service.
Types of price discrimination according to the classification types of seller behavior:
-Individual discrimination (seller selects individual buyers)
-Group discrimination (seller identifies groups of buyers)
-Product discrimination (seller selects individual products)
2) In industrial economics, the two-tier tariff (or two-part tariff) is a price made up of a fixed part (a subscription or a franchise) and a part proportional to the quantity of goods purchased. The binomial tariff is widely used in industrial organization because it constitutes the simplest case of price which is not linear compared to the quantity of goods purchased. Furthermore, it can be shown that when the information is not too incomplete, it allows a principal to avoid the problem of double marginalization (the fact that an economic agent in a monopoly situation sets a higher price than that resulting from the confrontation of supply and demand in perfect competition, which allows it to maximize its profit.
3)Bundling is a bundle consisting of several products sold as a unit. Especially common in the gaming industry.
Typical and most popular bundles are the so-called game kits:
-Game console + video game
- Video card (or motherboard) + computer game
A set of games sold as a unit by a set at a fixed price, or by the principle “Pay what you want” for a limited time. In customs practice, the concept of bundles is used to refer to packaging (place) in a container. Then it can be a box (box), a pallet of goods or a bundle. Usually a bundle is an indivisible part, united either by a box (bag, box) or fixed on a pallet.
Which of the following methods seeks to effect positive change in processes and organizations by using a set of practical tools to address business issues and process problems. Select one:
a. BPR (Business Process Reengineering)
b. TQM (Total Quality Management)
c. Rummler-Brache
d. Six Sigma Methodologies
e. Lean
f. This statement can apply to more than one of the above.
Six Sigma methods seeks to effect positive change in processes and organizations with the use of practical tools .
What is Six Sigma method?Six Sigma is a methodology that is used to eliminate defects and improve business to earn more profit.
Therefore, this method is used to address business issues and process problems.
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According to the federal Administrative Procedure Act, an agency is any governmental authority besides Congress and the courts. Which function does not fall under the category of what an agency does?
Answer:
Sets precedents
Explanation:
The function that does not fall under the category of an agency while doing is that it sets precedents. Fundamentally it authenticates a usage and tradition that should be followed tomorrow.
An illustration based on that is as follows:
She set a precedent by having the chaplain command the educational parade. Here the word precedent means a prior instance either a legal decision upon which coming up instances are related.
Alex, Ellen and Nicolas are equal partners in a local restaurant. The restaurant reports the following items for the current year: Business revenue $770,000 Business expenses 470,000 Investment expenses 150,000 Each partner receives a Schedule K-1 with one-third of the preceding items reported to him/her. How must each individual report these results on his/her Form 1040? $100,000 income on Schedule E; $50,000 investment expense on Schedule A $257,667 income on Schedule E; $50,000 investment expense on Schedule A $300,000 income on Schedule E; $50,000 investment expense on Schedule A $300,000 income on Schedule E; $150,000 investment expense on Schedule A
Answer:
$100,000 income on Schedule E; $50,000 investment expense on Schedule A
Explanation:
According to the Internal revenue service, the investment expense that is incurred would be eligible for the deduction and this would be added to the miscellaneous itemized deduction in Form 1040 Schedule A.
We assume that the investment expense would be incurred for the investment earning so it would be reported to Schedule A for $50,000 after considering the one-third.
And, the business income is reflected on Schedule A for $100,000 that is computed below:
= (Business revenue - business expense) ÷ given ratio
= ($770,000 - $470,000) ÷ 3
= $300,000 ÷ 3
= $100,000
A politician is interested in the proportion of voters in his district who think he is doing a good job.
True/False
A politician should be interested in the proportion of voters in his district.
The answer is true.
Explanation:
This is not only true for politician but also for any job which involves voting.
A person / leader will be recognized, if he
look into the welfare of the societytakes measure when problem occursis easily accessible to the publiclend his ears to the problemsprovides an unbiased approachhe is interested in doing serviceobeys lawsBut it does not mean that, the person who got victory in the election has done good job in the previous service period. There are many factors that decide the polling of vote.
Kyle Parker of Concord, New Hampshire, has been shopping for a new car for several weeks. He has negotiated a price of $38,000 on a model that carries a choice of a $2,500 rebate or dealer financing at 2 percent APR. The dealer loan would require a $1,000 down payment and a monthly payment of $649 for 60 months. Kyle has also arranged for a loan from his bank with a 4 percent APR. Use the Run the Numbers worksheet to advise Kyle about whether he should use the dealer financing or take the rebate and use the financing from the bank. Round your answer to two decimal places.
Adjusted APR (dealer financing):______ %
Kyle should use . (the dealer financing or the financing from the bank)
To advise Kyle on whether he should use the dealer financing or take the rebate and use the financing from the bank, we compare the costs of the two options. The adjusted APR for the dealer financing is 1.92%, which is lower than the financing from the bank. Therefore, Kyle should use the dealer financing option.
Explanation:To advise Kyle on whether he should use the dealer financing or take the rebate and use the financing from the bank, we need to compare the costs of the two options. Here's how we can calculate the adjusted APR for the dealer financing and determine which option is more advantageous:
Dealer Financing:Calculate the total cost of the loan from the dealer by multiplying the monthly payment by the number of months: $649 * 60 = $38,940.Calculate the effective loan amount by subtracting the down payment from the negotiated price: $38,000 - $1,000 = $37,000.Find the monthly interest rate by dividing the APR by 12: 2% / 12 = 0.1667%.Calculate the monthly interest paid by multiplying the loan amount by the monthly interest rate: $37,000 * 0.1667% = $61.67.Calculate the adjusted monthly payment by adding the monthly interest to the original monthly payment: $649 + $61.67 = $710.67.Calculate the adjusted APR by dividing the adjusted monthly payment by the effective loan amount: ($710.67 / $37,000) * 100 = 1.9219%.Bank Financing:Calculate the monthly interest rate by dividing the APR by 12: 4% / 12 = 0.3333%.Calculate the monthly interest paid by multiplying the loan amount by the monthly interest rate: $37,000 * 0.3333% = $123.32.Calculate the adjusted monthly payment by adding the monthly interest to the original monthly payment: $649 + $123.32 = $772.32.Based on the calculations, the adjusted APR for the dealer financing is 1.92%. Therefore, Kyle should use the dealer financing option as it offers a lower adjusted APR compared to the financing from the bank.
SDJ, Inc., has net working capital of $2,170, current liabilities of $4,590, and inventory of $3,860. a. What is the current ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the quick ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer:
1.47 times ; 0.63 times
Explanation:
Given that,
Net working capital = $2,170,
current liabilities = $4,590
Inventory = $3,860
Current assets = net working capital + current liabilities
= $2,170 + $4,590
= $6,760
Current ratio = current assets ÷ current liabilities
= $6,760 ÷ $4,590
= 1.47 times
Quick ratio = (current assets - inventory) ÷ current liabilities
= ($6,760 - $3,860) ÷ $4,590
= 0.63 times
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturing departments--Molding and Fabrication. It started, completed, and sold only two jobs during March—Job P and Job Q. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March): Molding Fabrication Total Estimated total machine-hours used 2,500 1,500 4,000 Estimated total fixed manufacturing overhead $ 10,000 $ 15,000 $ 25,000 Estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 Job P Job Q Direct materials $ 13,000 $ 8,000 Direct labor cost $ 21,000 $ 7,500 Actual machine-hours used: Molding 1,700 800 Fabrication 600 900 Total 2,300 1,700 Sweeten Company had no underapplied or overapplied manufacturing overhead costs during the month. Required: For questions 1-8, assume that Sweeten Company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. For questions 9-15, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments.
Answer: this question is a lot of work. 5 steps were done for you
Explanation:
The unit manufacturing cost for Job P is $24,812.50, and for Job Q, it is $6,687.50, with a total overapplied overhead of $1,875.
1. Calculate the Plantwide Predetermined Overhead Rate:
Total Estimated Manufacturing Overhead / Total Estimated Machine Hours
= $25,000 / 4,000 machine-hours
= $6.25 per machine-hour
2. Calculate Total Manufacturing Overhead Applied to Jobs P and Q:
Job P:
Molding Department: 1,700 machine-hours x $6.25 per machine-hour = $10,625
Fabrication Department: 800 machine-hours x $6.25 per machine-hour = $5,000
Total = $10,625 + $5,000 = $15,625
Job Q:
Molding Department: 900 machine-hours x $6.25 per machine-hour = $5,625
Fabrication Department: 900 machine-hours x $6.25 per machine-hour = $5,625
Total = $5,625 + $5,625 = $11,250
3. Calculate Total Cost for Jobs P and Q:
Job P:
Direct Materials + Direct Labor + Manufacturing Overhead Applied
= $13,000 + $21,000 + $15,625
= $49,625
Job Q:
Direct Materials + Direct Labor + Manufacturing Overhead Applied
= $8,000 + $7,500 + $11,250
= $26,750
4. Calculate Underapplied or Overapplied Manufacturing Overhead for the Entire Company:
Total Actual Manufacturing Overhead - Total Manufacturing Overhead Applied
= $25,000 - ($15,625 + $11,250)
= $25,000 - $26,875
= -$1,875 (Overapplied)
5. Calculate Overapplied Manufacturing Overhead in the Molding Department:
Total Actual Manufacturing Overhead - Manufacturing Overhead Applied in Molding
= $10,000 - $10,625
= -$625 (Overapplied)
Calculate Overapplied Manufacturing Overhead in the Fabrication Department:
Total Actual Manufacturing Overhead - Manufacturing Overhead Applied in Fabrication
= $15,000 - $5,000
= $10,000 (Underapplied)
6. Calculate the Unit Manufacturing Cost for Jobs P and Q:
Job P: Total Cost for Job P / Number of Units for Job P
= $49,625 / 2 units
= $24,812.50 per unit
Job Q: Total Cost for Job Q / Number of Units for Job Q
= $26,750 / 4 units
= $6,687.50 per unit
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Bravo's complete assets and liabilities are Accounts Receivable $800, Equipment $10,000, Accounts Payable $4,200, Prepaid Rent $2,000, Supplies $400, Bank Loan $1,600, and Tools $300. Bravo's total assets are:________. (All account balances are normal.)
Answer:
Total Assets=$13,500
Explanation:
Assets are items which are used by any company or firm for positive economic value production.
In our problem, we have to find total assets.
Given Data:
Accounts Receivable=$800
Equipment=$10,000
Accounts Payable=$4,200
Prepaid Rent=$2,000
Supplies=$400
Bank Loan=$1,600
Tools= $300
Total Assets=Accounts Receivable+Equipment+Prepaid Rent+Supplies+ Tools
Total Assets=$800+$10,000+$2,000+$400+$300
Total Assets=$13,500
In 1987, George Bell batted 649 times. He had 39 walks, 105 singles,32 doubles, 4 triples, and 47 home runs. In 1987, Wade Boggs batted 656times. He had 105 walks, 130 singles, 40 doubles, 6 triples, and 24 homeruns. In 1987, Alan Trammell batted 657 times. He had 60 walks, 140singles, 34 doubles, 3 triples, and 28 home runs. In 1987, Tony Gwynnbatted 671 times. He had 82 walks, 162 singles, 36 doubles, 13 triples, and7 home runs. Calculate the number of hits plus walks?
Answer:
George Bell had 231 hits plus walks.
Wade Boggs had 305 hits plus walks.
Alan Trammell had 265 hits plus walks.
Tony Gwynn had 300 hits plus walks.
Explanation:
In baseball, a basehit is either a single, a double, a triple or a home run. So
George Bell
39 walks, 105 singles,32 doubles, 4 triples, and 47 home runs.
39 + 105 + 32 + 4 + 51 = 231
George Bell had 231 hits plus walks.
Wade Boggs
105 walks, 130 singles, 40 doubles, 6 triples, and 24 homeruns.
105 + 130 + 40 + 6 + 24 = 305
Wade Boggs had 305 hits plus walks.
Alan Trammell
60 walks, 140singles, 34 doubles, 3 triples, and 28 home runs.
60 + 140 + 34 + 3 + 28 = 265
Alan Trammell had 265 hits plus walks.
Tony Gwynn
82 walks, 162 singles, 36 doubles, 13 triples, and 7 home runs.
82 + 162 + 36 + 13 + 7 = 300
Tony Gwynn had 300 hits plus walks.
Your current assignment at York Foods is to find the major benefits people look for in product classes, the kinds of people who look for each advantage, and the major brands that deliver each advantage. What is the segmentation method called ____?
Answer:
The answer is "benefit"
Explanation:
Segmentation is part of the business, also known as the analysis, in which the organization is separated into smaller groups based on factors like age, income, personality or behavior.
It refers to brands, that use a hybrid method with more than one form of segmentation. This method is also known as profit segmentation, which distinguishes the market according to the interest, profit or gains expected from a product or service, that is provided by the customer.
Suppose that weekly output is worth $1000, and labor and materials costs are $300 and $200,respectively. What is the multifactor productivity ratio? a. 1000b. 8c. 2d. 3e. 0.5
Answer:
c. 2
Explanation:
The multifactor productivity ratio can be determined using the below mentioned formula:
Multi factor productivity=Output worth/cost of material+cost of labor
In the given question:
Output worth=$1,000
cost of material+cost of labor=$300+$200=$500
Multifactor productivity=$1,000/$500=2
So based on the above calculation, the answer is c. 2
The multifactor productivity ratio in this scenario is 2, which signifies that the company is achieving a level of productivity where it generates $2 worth of output for every $1 spent on labour and materials. The correct answer is D. 2.
The multifactor productivity ratio is calculated by dividing the total output value by the total cost of inputs, which includes Labour and materials. In this case:
Total Output Value = $1,000 (weekly output worth)
Total Cost of Inputs = Labor Cost + Materials Cost = $300 + $200 = $500
Now, calculate the multifactor productivity ratio:
Multifactor Productivity Ratio = Total Output Value / Total Cost of Inputs
Multifactor Productivity Ratio = $1,000 / $500
Multifactor Productivity Ratio = 2
So, the multifactor productivity ratio is 2 (option c).
In other words, for every $1 spent on labour and materials combined, the company generates $2 worth of output.
This ratio indicates the efficiency of using both labour and materials to produce output, with a ratio greater than 1 indicating that the inputs are being used efficiently to generate output.
The correct answer is D. 2.
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the initial business model of the ocean house focused on investing in the development of its staff in the early years before raising its rates to generate higher profits. in this regard , Ocean house was implementing which business model?
Answer:
Strategic Human Resources Management
Explanation:
Strategic human resource management is the process of ensuring that employees are attracted, developed, rewarded and retained in order to maximize benefits not only for the employees alone but also for the whole organization.
Strategic human resource management is practiced in such a way that the goals of human resource department and the rest of the organization are in the same direction of ensuring organisational success. This is done by ensuring the best employees required by each department in the organisation are recruited as at when needed, provided adequate training and duly motivated. Therefore, strategic human resource management renders support to the organizational success.
Advantages of Strategic human resource management include high customer satisfaction rates, rise in job satisfaction, increased productivity, allows resources to be managed efficiently, and among others.
All the best.
Transferring core competencies and resource strengths from one country market to another is: A. a good way for companies to develop broader or deeper competencies and competitive capabilities that can become a strong basis for sustainable competitive advantage.B. best accomplished with a multidomestic strategy as opposed to a global strategy.C. feasible only with a global strategy; it can't be done with a multidomestic strategy.D. unlikely to result in a competitive advantage.E. nearly always the easiest and most sure-fire way to build competitive advantage in trying to compete successfully in foreign markets
Transferring core competencies and resource strengths from one country market to another is : nearly always the easiest and most sure-fire way to build competitive advantage in trying to compete successfully in foreign markets
Explanation:
Cross-border sharing or transition of capital and skills across boundaries offers an economic means by which a business can further exploit its core competencies and expand its competitive advantages to a wider variety of regional markets.
An effective way for enterprises to build wider or deeper competencies and strategic capabilities which can become the cornerstone of a sustained competitive advantage.
Which of the following statements is correct? A. Control is most effective when two or three people are given responsibility for the same task. B. The person who has custody of assets should not perform the record keeping for the assets. C. The person who has custody of assets should also perform the record keeping for the assets. D. It is often a waste of company resources to have an employee perform independent internal verification.
Answer:
"B"
Explanation:
Segregation of duties is a major international control procedure where responsibilities are shared between two or more individuals.
The aim is to minimize or prevent the opportunity for a particular individual to execute and cover up fraudulent activities.
It is arranged in a way that an individual is in the position to keep a check over the activities of the other party.
Inthe 1920's, the value of the German mark fell dramatically. in June 1922, a U.S. dollar could buy 320 marks; by December of that same year, it could buy 8,000 marks.
What is the economic term for a very high rate of inflation such as the one experienced by Germany in the 1920's?
A. Inflation
B. Disinflation
C. Hyperinflation
D. Deflation
Answer:
The answer is C: Hyperinflation
Explanation:
Hyperinflation is high and accelerating form of inflation. It results in quick decline of the local currency`s real value. It also leads to increased prices of all goods and consumables
From the data,
In June 1922, 1 german Mark was equal to 0.003125 USD (1/320)
Whereas in December, 1922, the same german Mark was equal to 0.000125 USD. (1/8000)
Suppose a family has saved enough for a 10 day vacation (the only one they will be able to take for 10 years) and has a utility function U = V1/2 (where V is the number of healthy vacation days they experience). Suppose they are not a particularly healthy family and the probability that someone will have a vacation-ruining illness (V = 0) is 20%. What is the expected value of V?
Answer:
2 Days
Explanation:
First, there is the need to rewrite the utility function for clarity
U=V^{1/2}
1. The Probability of Falling ill by someone in the family is given as 20%
2. If someone should fall ill, the total number of days that would be spoiled is calculated as:
Total number of vacation= 10 days x Probability to fall ill = 20%
= 10 x 0.2 = 2 days
This means if someone should fall ill based on the probability, then 2 out of the total 10 days can be ruined
3. The number of days for vacation days to enjoy is 10-2 = 8 days
This means if the family gives up 2 days of probable illness, they can still enjoy their vacation.
V= 2 days
The cost of finished goods manufactured will exceed the cost of goods sold whenever: Multiple Choice The inventory of finished goods increases over the period. The inventory of work in process increases over the period. The inventory of finished goods decreases over the period. The inventory of work in process decreases over the period.
Answer:
The inventory of finished goods increases over the period.
Explanation:
mathematically:
Cost of finished goods inventory = Beginning Finished Goods Inventory + Cost of Goods Manufactured - Cost of Goods Sold
= The Ending Finished Goods Inventory Amount
The cost of finished goods manufactured will exceed the cost of goods sold when the inventory of finished goods increases. This is because more production requires larger quantities of inputs, therefore more cost.
Explanation:The subject matter here is financial in nature, dealing with concepts related to the cost of goods sold and goods manufactured - vital pieces of understanding for any business. You asked, 'The cost of finished goods manufactured will exceed the cost of goods sold whenever:' and provided multiple choice options. Essentially, the cost of finished goods manufactured will exceed the cost of goods sold whenever the inventory of finished goods increases over the period. This is because producing more goods will require larger quantities of inputs that increase production costs. Therefore, when the inventory of final goods increases, it implies that more goods have been produced than sold, leading to an increase in the cost of goods manufactured. This explanation also aligns with the concept of Quantity Supplied, which illustrates that the cost increases as a firm produces higher quantities of output.
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Sally Smith decided to start a sea shell business organized as a corporation. Her initial investment in the business consisted of $10,000 in cash in exchange for common stock. Record this transaction in the accounting equation of the new business by___________.
When Sally Smith invests $10,000 cash into her new corporation in exchange for common stock, she increases both the company's assets and owner's equity by $10,000. This reflects in the accounting equation as: $10,000 (Assets) = $0 (Liabilities) + $10,000 (Owner's Equity).
Explanation:In this scenario, Sally Smith creates a corporation and makes an initial investment of $10,000 cash which is exchanged for common stock. To record this transaction in the new business's accounting equation, we need to understand that the accounting equation is Assets = Liabilities + Owner's Equity. Her investment increases the company's assets (cash) by $10,000 and at the same time increases the owner's equity (common stock) by $10,000. Therefore, the equation after this transaction is as follows: $10,000 (Assets) = $0 (Liabilities) + $10,000 (Owner's Equity).
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In the two-period dynamic monopoly, if the monopolist succeeds in selling a sufficiently high quantity in the first period,A)the second-period demand curve will become horizontal.B)the second-period demand curve will become unit elastic.C)the second-period demand curve will lie close to the price axis.D)the second-period demand curve will shift substantially to the right.
Answer:
D)the second-period demand curve will shift substantially to the right.
Explanation:
If monopolist succeeds in selling a sufficiently high quantity in the first period, then in the second period it will further increase and will shift the demand curve to right hand.
Final answer:
The second-period B) demand curve in a two-period dynamic monopoly will become more elastic if the monopolist succeeds in selling a sufficiently high quantity in the first period.
Explanation:
A monopoly market is characterized by a single seller dominating the entire industry, with no close substitutes for its product or service. This absence of competition grants the monopolist significant pricing power. Barriers to entry, such as high entry costs or exclusive access to resources, further contribute to the monopolistic nature of the market.
The second-period demand curve in a two-period dynamic monopoly will become more elastic if the monopolist succeeds in selling a sufficiently high quantity in the first period. This means that the demand curve will be more responsive to changes in price, resulting in a greater change in quantity demanded for a given change in price.
SME Company has a debt-equity ratio of .57. Return on assets is 7.9 percent, and total equity is $620,000. a. What is the equity multiplier? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) answer as a percent rounded to 2 decimal places, e.g., 32.16.) answer to 2 decimal places, e.g., 32.16.) b. What is the return on equity? (Do not round intermediate calculations and enter your c. What is the net income? (Do not round intermediate calculations and round your a. Equity multiplier b.Return on equity c. Net income 353,400.00
Answer:
(i) 1.57
(ii) 12.40%
(iii) $76,898.60
Explanation:
Debt-equity ratio = debt/equity
Hence debt= 0.57 equity
= (0.57 × 620000)
= $353,400
Total assets = debt + equity
= (353400+620000)
= $973400
1. Equity multiplier = Total assets ÷ Equity
= $973,400 ÷ 620,000
= 1.57
3. ROA = net income ÷ Total assets
net income = ($973,400 × 0.079)
= $76,898.60
2. ROE = net income ÷ Total equity
= $76,898.60 ÷ 620,000
= 12.40%(Approx).
On July 1, R. Selleck and M. Monroe formed a partnership to provide legal services to clients. Selleck's investment is $10,000 cash and office equipment of $5,000. Monroe's net investment is also $10,000, but it is comprised of cash $15,000 and a note payable reflecting a bank loan for the new business $5,000.
Record R. Selleck’s investment by selecting the account names from the drop-down menus and entering the dollar amounts.
Answer:
See explanation section
Explanation:
Journal entry to record R. Selleck's Investment is as follows:
Debit Cash $10,000
Debit Office Equipment $5,000
Credit Capital, R. Selleck $15,000
Since he provides cash and office equipment, both the investment will be considered as capital of R. Selleck. Since he does not take any loan to provide money to the partnership business, no entry is made for loan.
In December, Textra Motors produced 16,600 customized SUVs at its plant in New Mexico. The labor productivity at this plant is known to have been 0.18 SUV per labor-hour during that moth. 540 laborers were employed at the plant that month. How many hours did the average laborer approximately work that month? [ Select ] If productivity can be increased to 0.21 SUVs per hour, how many hours would the average laborer work that month? Select]
Answer:
Explanation:
Productivity = Units produced / labor hours
0.18 = 16,600 / labor hours
Labor hours = 16600 / 0.18 = 92222.22 hours
1. Hours per labor = labor hours / Number of labor
= 92222.22 / 540 = 170.78 hours
2. Productivity = 0.21
Labor hours = 16600 / 0.21 = 79047.62
Hours per labor = 79047.62 / 540 = 146.38
Are the following movements or shifts along/of the demand curve:
1. A decrease in the number of consumers
2. A change in tastes of consumers that makes them desire more hot dogs
3. An increase in the price of hot dogs
Answer:
Any movement which is caused by price will be along the demand curve and any other movement caused by non price factors will shift the demand curve.
1) A decrease in the number of consumers is a non price movement so the demand curve will shift leftwards because of it.
2) A change in taste of consumers making them desire more hot dogs is a non price movement and it will shift the demand curve to the right.
3) An increase in the price of hot dogs is a price movement and this will cause movement along the demand curve.
Explanation:
Byron Books Inc. recently reported $13 million of net income. Its EBIT was $20.8 million, and its tax rate was 35%. What was its interest expense?
Answer:
$0.8million
Explanation:
Net income of any corporation can be calculated as follows:
Net income=EBIT-interest expense-tax expense
Net income=$13 million
Interest expense=?
tax expense=(EBIT- interest expense)*35%=($20.8million- interest expense)*35%
13=20.8-interest expense-($20.8million- interest expense)*35%
13=20.8-interest expense-(7.28-0.35*interest expense)
13=20.8-interest expense-7.28+0.35*interest expense
13=13.52-0.65*interest expense
13-13.52=-0.65*interest expense
-0.52=-0.65*interest expense
interest expense=-0.52/-0.65=$0.8million
Byron Books Inc.'s interest expense can be calculated by subtracting the net income after tax from the net income before interest, which is derived by deducting taxes from EBIT. The interest expense is $520,000.
To calculate Byron Books Inc.'s interest expense, we start with the company's EBIT (Earnings Before Interest and Taxes) which is $20.8 million. We know that the net income after tax is $13 million and the tax rate is 35%. First, we need to calculate the taxes Byron Books would pay on its EBIT:
Taxes = EBIT × Tax Rate = $20.8 million × 35% = $7.28 million.
Subtracting the taxes from EBIT yields the net income before interest.
Net Income Before Interest = EBIT - Taxes = $20.8 million - $7.28 million = $13.52 million.
Since the net income after taxes is $13 million, the difference between the net income before and after interest gives us the interest expense:
Interest Expense = Net Income Before Interest - Net Income After Tax = $13.52 million - $13 million = $0.52 million or $520,000.
The _________________ is the buying and selling of Treasury securities to influence the nation’s money supply..
Answer:
open market operation
Explanation:
The Federal Reserve purchases and sells treasury securities on the open market in order to regulate the supply of money that is on deposit in banks, and therefore available to loan out to businesses and consumers. It purchases Treasury securities to increase the supply of money and sells them to reduce the supply of money
A coffee company lowers the price of its one-pound bags of coffee from $10 to $9 and as a result, the quantity demanded increases from 4 million to 5 million units.
Assuming the company's demand curve is linear, what is the slope of the demand curve? Please treat the quantity increase as an increase from 4 to 5, ignoring the millions. [Recall, one formula for slope is Rise / Run]
Answer:
Slope = -1
Explanation:
Demand is buyers ability & willingness to buy at a price, time.
Demand Curve is graphical representation of quantity demanded at various prices at y axis, demand at x axis.
Slope = Change in Y i.e ∆Y / Change in X i.e ∆X
'Slope of Demand Curve' is a varied version of 'Price Elasticity of Demand' i.e quantity demanded responsiveness to change in price. Former shows relative change in quantity demanded over a change in price & latter shows change in price for a given change in quantity demanded.
Demand Curve Price at Y axis, Quantity at Axis, Slope= ∆Y/∆X becomes
= ∆P/∆Q. As per given details, ∆P/∆Q = (9-10)/(5-4) = -1/1 = -1
Before a customer is willing to accept a change to the proposed project, the contractor must provide a/an ___ along with an indication of the schedule impact, prior to implementing the change to the
a. format change
b. impact statement
c. price estimatee
d project.
Answer:
c. price estimate
Explanation:
Before a customer is willing to accept a change to the proposed project, the contractor must provide a/an price estimate along with an indication of the schedule impact, prior to implementing the change.
The estimation of costs is an assessment of a plan, project, or service expense. The estimated cost is the result of the method of calculating costs. The cost estimate has a single total value, and the component costs may be recognizable.
Wright & Boyle Inc. had the following income statement for the month of May: Sales revenue $470,800.00 Cost of goods sold 217,766.40 Gross margin $ 253,033.60 Less: $86,199.20 Selling expenses Administrative expenses 74,942.80 Operating income $91,891.60 What was the cost of goods sold percent? (Note: Round answer to two decimal places.) a. 19.45% b. 100.51% C. 52.56% d. 46.25%
Answer:
Option (d) is correct.
Explanation:
Given that,
Sales revenue = $470,800.00
Cost of goods sold = $217,766.40
Selling expenses = $86,199.20
Administrative expenses = $74,942.80
Cost of Goods sold (%):
= (Cost of Goods Sold ÷ Sales Revenue) × 100
= (217,766.40 ÷ 470,800.00) × 100
= 46.25%
Therefore, the cost of goods sold percent is 46.25.
The cost of goods sold percent for Wright & Boyle Inc. is 46.25%, calculated by dividing the COGS by the Sales Revenue and multiplying by 100.
To calculate the cost of goods sold percent, we should compare the cost of goods sold (COGS) to the total sales revenue. We can use the formula:
Cost of Goods Sold Percent = (Cost of Goods Sold / Sales Revenue) imes 100
In Wright & Boyle Inc.'s case, their COGS is $217,766.40 and their Sales Revenue is $470,800.00. Plugging these numbers into the formula gives us:
(217,766.40 / 470,800.00) imes 100 = 46.25%
So, the cost of goods sold percent for Wright & Boyle Inc. for May is 46.25%.