Answer:
Explanation:
Debit $ Credit$
a. Cash 3000000
Sales revennue (500*6000) 3000000
Warranty expenses 55000
Estimated warranty liability 55000
Estimated warranty liability 20000
Cash account 20000
b. Cash account 3000000
Sales revenue (500*6000- 56000) 2944000
Unearned warranty revenue 56000
Warranty expenses 20000
Cash account 20000
Unearned warranty revenue 20364
Warranty revenue (56000*20000/55000) 20364
Bitcoin fails to satisfy which two of the three functions of money? Question 3 options: A) medium of exchange and unit of account B) medium of exchange and store of value C) bitcoin satisfies all of the functions of money D) unit of account and store of value
Answer:
The correct answer is letter "D": unit of account and store of value.
Explanation:
Bitcoin is the first decentralized digital currency. It is also referred to as a virtual currency or a crypto-currency. Bitcoins are held in a digital wallet and can be sent over the internet. Bitcoin transactions are authorized using a digital signature. The transactions are verified usually within minutes by a network of miners. Once verified, the transaction is permanently stored on a public ledger known as The BlockChain.
Three are the functions of money: medium of exchange, store of value, and unit of account. In order to boost its use, a few merchants have started to accept Bitcoin as a medium of exchange but it still is not considered a unit of account since most items in the real world are valued in monetary terms. Also, it is not considered a store of value because, unlike money, Bitcoin cannot be saved in bank accounts earning interest. Bitcoins must be sold (at profit) to provide the holder revenues.
A digital coin that can be transferred without any control or bank is called Bitcoin. Bitcoins can be purchased with real currency and can be sent through networks.
It is computer-generated data that can be put in digital wallets.
The correct answer is:
Option D. unit of account and store of value.
The explanation for this is:
Bitcoin is an electric payment method whose transaction data can be cached as documentation on a computer.Currency transactions serve purposes like value, account and mode of trade.However, bitcoin does not fulfill the roles that money as a currency serves.Although many people have started using Bitcoin, it cannot be accepted as a primary currency style because in everyday life the articles are prized by money only.It cannot be deposited in banks to earn credit.Therefore the bitcoins fails to satisfy the functions as a unit of account and store of value.
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Paula considers herself to be a responsible person. She upholds moral and legal laws and conforms to the expectations of others. Paula is functioning at what level of moral development?
Answer:
The correct answer is: conventional.
Explanation:
Conventional moral development is the stage in which individuals accept moral laws conceived by society or by entities who rule them. At this stage, even if there is a reason for not following those regulations, individuals opt for keeping a sense of morality in the situation and stand for those rules.
The opportunity cost of attending college is likely to be highest for a high school graduate Choose one: A who is very intelligent B. who can immediately take over the family business. C. who has access to student loans. O D. whose family is extremely wealthy
Answer:
B. who can immediately take over the family business
Explanation:
Option A is wrong because opportunity cost is not related to intelligence.
Option C is not correct because a high school graduate and a college attending student can access to student loans.
The family's wealth can not be a factor in terms of opportunity cost of attending college or a high school graduate. Therefore, option D is incorrect.
Option B is correct as a college attending student cannot take over the family business. So, it is his opportunity cost. On the other hand, a high school graduate can take over the business.
The highest opportunity cost of attending college is likely for a student who could immediately take over their family business, as they would give up the immediate financial and professional benefits of that opportunity.
Explanation:The opportunity cost of attending college is likely to be highest for a high school graduate who can immediately take over the family business. Opportunity cost refers to the potential benefits an individual misses out on when choosing one alternative over another. In this case, if the student decides to attend college, they would give up the immediate benefits of running the family business, which could potentially be substantial.
This scenario doesn’t necessarily mean that they shouldn’t attend college, but it does mean that their opportunity cost, or the value of what they are giving up, is likely to be higher than that of the other options. The intelligence of the student, access to student loans, or wealth of the family is not directly relevant to the opportunity cost in this context.
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Which controls can be used to prevent or detect personal purchases on company credit cards?
Answer:
Few controls can be used to prevent or detect personal purchases on company's credit cards.
Explanation:
Following controls can be taken to prevent or detect personal purchases on company's credit cards:
1. One should make sure that the company policy clearly forbids all purchases that are personal with company funds.
2. Same employee should not be allowed to originate purchases and then approve them too.
3. Controls can be installed to know if there are multiple purchases under employees approval limits.
4. Also, there should be a maximum limit of purchase for each employee.
5. Any invoice which is not related to company should be checked regularly.
What are the primary goals of financial management for not-for-profit health care organizations?
Explanation:
The main objectives of financial management in non-profit healthcare organizations is to plan the resources available so that there is the financial organization of debts and credits that is necessary for the institution to continue to fulfill its main commitments. For in a non-profit organization there is limited and variable income, although withdrawals occur frequently. That is why effective financial management is necessary, so that there is also a financial statement and transparency in the provision of services, so that the institution is recognized and reliable, which also guarantees an increase in the raising of external resources for the entry of capital that helps the survival of the institution.
In 2020, the Merkel Company had revenues of $2,600,000 and costs of $2,100,000. During 2021, Merkel will be introducing a new product line that is expected to increase sales revenue by $260,000 and costs by $172,000. Assuming no changes are expected for the other products, the operating profits are expected to increase by:
Answer:
$88,000
Explanation:
We know that
The operating profit = Revenues - cost
= $2,600,000 - $2,100,000
= $500,000
If there is increase, so the operating profit would be
= Revenues - cost
where
Revenues = $2,600,000 + $260,000
= $2,860,000
Cost = $2,100,000 + $172,000
= $2,272,000
So, operating profit is
= $2,860,000 - $2,272,000
= $588,000
So, the increase in operating profit would be
= $588,000 - $500,000
= $88,000
In calculating cost per equivalent unit under the weighted-average method, prior period costs are combined with current period costs.
True or False?
Answer:
The statement is: True.
Explanation:
The Weighted Average is a method for averaging several pieces of data with unequal importance or consequence. In a Weighted Average each point of data is assigned a corresponding weight multiplier that can be determined by many values including importance, scarcity, difficulty, and quantity.
When it comes to accounting, the Weighted Average can be used to combine costs from the current and the previous period.
In an economy where heating oil is the primary source of heat for most households, new supplies of natural gas, a substitute for heating oil, are discovered. Natural gas provides heat at a much lower cost. What is the most likely effect of these discoveries on the market price and quantity of heating oil produced?Price Decreases & Quantity Decreases
Price Decreases & Quantity Increases
Price Increases & Quantity Decreases
Price Does Not Change & Quantity Does Not Change
Answer:
Price Decreases & Quantity Decreases
Explanation:
As a result of the discovery of an alternative which is cheaper, consumers increase demand for natural gas. The demand for heating oil would fall. This would lead to a fall in price and quantity.
I hope my answer helps you
The most likely effect of the discovery of new supplies of natural gas in an economy where heating oil is the primary source of heat is a decrease in the price and quantity of heating oil produced.
Explanation:The most likely effect of the discovery of new supplies of natural gas, a substitute for heating oil, in an economy where heating oil is the primary source of heat for most households, is a decrease in the price and quantity of heating oil produced.
When natural gas is discovered and provides heat at a much lower cost, it becomes an attractive alternative to heating oil. As a result, households switch to using natural gas instead of heating oil, leading to a decrease in demand for heating oil. With a decrease in demand, the price of heating oil is likely to decrease as well.
Additionally, as the demand for heating oil decreases, producers of heating oil are likely to reduce their production to avoid excess inventory. This decrease in production will further contribute to a decrease in the quantity produced.
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In order to defer deductions for manufacturing costs until the finished products are sold, Congress enacted rules specifying that the cost of raw materials, shipping costs, and any other indirect costs of manufacturing must be added to the cost of inventory. What are these rules called?
Answer:
Uniform cost capitalization rules
Explanation:
Uniform capitalization rules of the Internal Revenue Code Section 263A specifies certain cost of labor, material, other direct and indirect cost to be capitalized and reported as inventory cost. Under this rule, all cost incurred in producing an asset, whether direct cost or indirect cost must be capitalized. The rule is to address the differences in assessment between those that manufacture their assets and those that buy outright.
What characteristics of the board of directors usually lead to effective corporate governance?
Answer and explanation:
Several characteristics could allow the Board of Directors to lead corporate governance effectively but the most important are making good decisions for the overall company, determination to impose the firm's objectives and having others set their mind to them, and dedication to be part of the organization's work towards reaching those goals.
If Van's Fire Engines were a competitive firm instead and $100,000 were the market price for an engine, increasing its production would not affect the price at which he can sell engines.A. True
B. False
Answer:
The given statement is False.
Explanation:
If Van's Fire Engines was a competitive firm and would have increased the production of engines, the fixed costs associated will be allocated to more units and will result in a lower cost per engine produced as compared to the less production of units. Therefore Van’s Fire Engines will be able to sell engines at a lower price.
Final answer:
In a perfectly competitive market, increasing production does not affect the price at which a firm can sell its products.
Explanation:
Perfect competition is a market structure where numerous small firms offer identical products, with no single entity having significant market control. Characteristics include a large number of buyers and sellers, homogeneous products, easy entry and exit, perfect information, and no pricing power for individual firms. It serves as an idealized benchmark for economic analysis but is rarely found in reality.
In a perfectly competitive market, the price is determined by the market and is beyond the control of individual firms. Therefore, if Van's Fire Engines were a competitive firm, increasing its production would not affect the price at which it can sell engines. This is because in perfect competition, firms are price takers and must accept the market price.
The decentralized commercial and office districts that have emerged on the fringes of metropolitan areas near such features as freeway interchanges and airports have been called Group of answer choices
Answer:
Edge Cities
Explanation:
Edge City is a small city generate in the U.s for a concentration of industry, shopping, and enjoyment on the outside of a conventional city center or city center in what was previously a social housing or rural suburb.Many edge cities form at or near current or proposed intersections of the freeways, and are particularly likely to experience close to major airports.Ridge communities designed for interchanges with freeways have a history of serious traffic problems if any of these highways remains unbuilt.Mines in Colombia produce emeralds and sell them to jewelers in the United States. To Colombia miners, emeralds are an export.True or false?
Answer:
True
Explanation:
Colombia miners sell emeralds to jewelers in the United States. This cross border trade is regarded as an export. Exports are goods and services produced in one country and sold in another country.
Mines in Colombia produce emeralds and sell them to jewelers in the United States, making emeralds an export for Colombia.
Explanation:True. Mines in Colombia produce emeralds and sell them to jewelers in the United States, making emeralds an export for Colombia.
Emeralds are an export for Colombian miners. They produce these emeralds and sell them to other countries, constituting an export in terms of international trade.
True, to Colombian miners, emeralds are indeed an export. Considering that Colombian mines produce emeralds and sell them to jewelers in other countries, like the United States, this act of selling goods to other countries is classified as exporting. As such, within the scope of international trade, emeralds are an export commodity for Colombia.
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Grannyâs Restaurant sells apple pies. Granny knows that the demand curve for her pies does not shift over time, but she wants to learn more about that demand. She has tested the market for her pies by charging different prices. When she charges $4 per pie, she sells 30 pies per week. When she charges $5, she sells 24 pies per week. If she charges $4.50, she sells 27 apple pies per week.
a. Is the apple pie market perfectly competitive? Why or why not?
b. With this data, draw a graph of the linear demand curve for Grannyâs apple pies.
c. Find the price elasticity of demand at each of of the three prices.
Answer:
A. Apple Pie Market Not perfectly competitive
B. Demand Curve Equation : q = 8.84 - 0.16p
C. Price Elasticity of Demand : 0.8 , 1.25
Explanation:
A. The Apple pie market is not perfectly competitive because the perfectly competitive market has large no of buyers & sellers, the demand is perfectly inelastic (infinite demand at given constant prices). However in this market , apple pie demand (sales) are responding to price change , so its not perfectly competitive
B. Demand curve is the graphical representation of price, demand. The Demand curve function : q = a - bp ; where q = quantity, p = price, a = autonomous demand , b = represents price demand relationship & is negative because of negative price demand relationship (Law of Demand).
Putting q & p given values : 4 = a - 30b ; 5 = a - 24 b. Solving these two equations for a & b , we get : a = 8.84 , b = 0.16 . So, the demand curve equation becomes : q = 8.84 - 0.16p & plotting this equation , we get demand curve.
C. Price Elasticity of Demand is responsiveness of demand to price change. Formula : %change in demand/ %change in price = ∆Q /∆P X P/Q
P Q
4 30 (*)
5 24 (**)
4.5 27 (***)
Ped (*, **) = ∆Q /∆P X P/Q = (6 / 1) x (4/30) = 0.8
Ped (*, **) = (3 / 0.5) x (4/30) = 0.8
Ped (**, ***) = (3 / 0.5) x (5/24) = 1.25
Based on the information given, the apple pie market is not perfectly competitive.
A perfect competition simply occurs when the companies sell identical products and the market share doesn't influence the price. Since the market responds to price changes, it's not perfectly competitive.
In order to find the demand equation, the quantity demanded will be:
= A - 6P
When p = 5, the quantity demanded at 5 units will be:
= A - 6P
24 = A - 30
A = 24 + 30 = 54
The demand equation will be:
Qd = 54 - 6P
The price elasticity of demand when P = 5 will be:
= -6 × 5/24 = -1.25
When p = 4.50, the price elasticity of demand will be:
= -6 × 4.50/27 = -1
When p= 4, the price elasticity of demand will be:
= -6 × 4/30 = -0.8
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If a manager increases the system utilization standard (assuming no change in the customer arrival rate) what happens to the average customer time in the system?
A. It increases exponentially.
B. It increases proportionally.
C. It decreases proportionally.
D. It decreases exponentially.
E. It does not change.
Answer:
A. It increases exponentially.
Explanation:
As an exponential increase refers to an increase by a large amount, If a manager increases the system utilization standard while assuming no change in the customer arrival rate the average customer time in the system "increases exponentially".
Caesar, a single taxpayer, has a wage income of $75,000. He also has a short-term capital loss of $5,000, a short-term capital gain of $2,000, and a long-term capital gain of $3,000.
What is Caesar's AGI for 2019?
a) $72,000. b) $75,000. c) $77,000. d) $78,000.
Answer:
correct answer is b) $75,000
Explanation:
given data
wage income = $75,000
short term capital loss = $5,000
short term capital gain = $2,000
long term capital gain = $3,000
solution
we get here net short capital loss that is
net short capital loss = short term capital loss - short term capital gain
net short capital loss = $5,000 - $2,000
net short capital loss = $3,000
and leaves him with as = long term capital gain - net short capital loss
= $3,000 - $3,000 = $0
so here AGI for 2019 is $75,000
so correct answer is b) $75,000
Jones Enterprises was started when it acquired $3,750 cash from creditors and $11,250 from owners. The company immediately purchased land that cost $13,000.
(A) Record the events under an accounting equation.
(B) After all the events have been recorded, Jones's obligations to creditors represent what percent of total assets?
(C) After all the events have been recorded, Jones stockholders' equity represents what percent of total assets?
Answer:
(A) $2,000
(B) 25%
(C) 75%
Explanation:
(A) Accounting equation ;
Non-current Assets+ Current Assets = Stockholders' equity + liability
$13,000 + current Assets = $11,250 + $3,750
Current Asset (Cash or Bank Balance) = $15,000- $13,000
= $2,000
(B) Loan -Asset % = $3,750/$15,000 x 100%
= 25%
(C) Stock-holders' equity- Assets = $11,250/ $15,000 x 100%
=75%
"Blast it!" said David Wilson, president of Teledex Company. "We’ve just lost the bid on the Koopers job by $3,000. It seems we’re either too high to get the job or too low to make any money on half the jobs we bid."
Teledex Company manufactures products to customers’ specifications and operates a job order costing system. Manufacturing overhead cost is applied to jobs on the basis of direct labor cost.
The following estimates were made at the beginning of the year:
Department
Fabricating Machining Assembly Total Plant
Direct labor $ 209,000 104,500 313,500 627,000 Manufacturing-
overhead $ 365,750 418,000 94,050 877,800
Jobs require varying amounts of work in the three departments. The Koopers job, for example, would have required manufacturing costs in the three departments as follows:
Department
Fabricating Machining Assembly Total Plant
Direct materials $ 3,900 200 2,300 6,400
Direct labor $ 4,600 500 7,100 12,200
Manufacturing overhead ? ? ? ?
The company uses a plantwide overhead rate to apply manufacturing overhead cost to jobs.
Required:
(1) Assuming use of a plantwide overhead rate:
a. Compute the rate for the current year.
b. Determine the amount of manufacturing overhead cost that would have been applied to the Koopers job.
(2) Suppose that instead of using a plantwide overhead rate, the company had used a separate predetermined overhead rate in each department.
Under these conditions:
(a) Compute the rate for each department for the current year.
(b) Determine the amount of manufacturing overhead cost that would have been applied to the Koopers job.
(3) Assume that it is customary in the industry to bid jobs at 150% of total manufacturing cost (direct materials, direct labor, and applied overhead).
(a) What was the company's bid price on the Koopers job if a plantwide overhead rate had been used to apply overhead cost?
(b) What would the bid price have been if departmental overhead rates had been used to apply overhead cost?
Answer: 27,000
Explanation:
The plantwide overhead rate is calculated at $1.40 per $1 of direct labor cost. Applying this rate, the manufacturing overhead cost for the Koopers job would be $17,080. If departmental rates were used, the total applied overhead would be $12,180, resulting in different bid prices using the two methods.
To compute the plantwide overhead rate, we need to divide the total manufacturing overhead by the total direct labor cost.
Plantwide Overhead Rate = Total Manufacturing Overhead / Total Direct Labor Cost
= $877,800 / $627,000
= $1.40 per $1 of direct labor cost
The manufacturing overhead cost for the Koopers job using the plantwide overhead rate:
= Direct Labor Cost of Koopers Job ×Plantwide Overhead Rate
= $12,200 * $1.40
= $17,080
The departmental overhead rates are calculated separately for each department using their respective overhead and labor costs.
Fabricating Overhead Rate = $365,750 / $209,000 = $1.75 per $1 of direct labor cost
Machining Overhead Rate = $418,000 / $104,500 = $4.00 per $1 of direct labor cost
Assembly Overhead Rate = $94,050 / $313,500 = $0.30 per $1 of direct labor cost
The manufacturing overhead cost for the Koopers job using departmental overhead rates:
= (Direct Labor Cost in Fabricating * Fabricating Overhead Rate) + (Direct Labor Cost in Machining * Machining Overhead Rate) + (Direct Labor Cost in Assembly ×Assembly Overhead Rate)
= ($4,600 ×$1.75) + ($500 ×$4.00) + ($7,100 ×$0.30) = $8,050 + $2,000 + $2,130 = $12,180
Finally, the bid prices:
Bid Price using Plantwide Rate = 150% ×(Direct Materials + Direct Labor + Applied Overhead)
= 150% ×($6,400 + $12,200 + $17,080)
= $53,370
Bid Price using Departmental Rates = 150% ×(Direct Materials + Direct Labor + Applied Overhead using Departmental Rates)
= 150% ×($6,400 + $12,200 + $12,180)
= $46,290
The Dodd-Frank Act, enacted in the United States in the aftermath of the 2007-2009 financial crisis, includes provisions aimed at enhancing the coordination of various regulatory agencies. Which two core principles might best explain these reforms?
Answer:
Explanation:
These 2 core principles are:
Core Principle 3 - Information is the basis for decisions. In order to achieve better decision making, the flow of information among regulatory agencies should be improved by enabling coordination.
Core Principle 5 - Stability improves welfare. Improved coordination leads to Improved regulation. This should bring greater stability to the financial system and so improve welfare.
Rembrandt Paint Company had the following income statement items for the year ended December 31 ($ in 000s)
Net sales $ 18,000
Interest income 200
Interest expense 350
Cost of goods sold 10,500
Selling and administrative expenses 2,500
Restructuring costs 800
Loss from operations on plastics business $1,600,000
Gain on disposal of component's assets $2,000,000
Shares of common stock outstanding in 2016 500,000
Income tax rate 30%
Prepare a multiple stem income statement, including EPS disclosures.
Earnings per share= 6.60. Earnings Per Share (EPS) quantifies company profit distributed to each outstanding share, aiding investors in assessing profitability and growth.
Loss from operations of plastic business= -$1600
Add: gain on disposal of the components assets= $2000
income from operations of discontinued component=$400(in thousands)
Income statement for the year ended 31 December 2021
particulars
Amount($)
(in thousands, except eps)
Net sales 18000
cost of goods sold (10500)
gross profit 7500
operating expenses
Selling and administrative expenses (2500)
restructuring costs (800) (3300)
Operating income 4200
Interest income(expense){100-300} (200)
income from continuing operations before income tax
4000
income tax expense (1000)
income from continuing operations 3000
Discontinue operations:
income from operations of discontinued operations 400
income tax expense (100)
income from discontinued operations 300
Net income{ income from continuing + Income from Discontinued operations} 3,300
Earnings per share
income from continuing operations(3000000/500000) $6.00
income from discontinuing operations(300000/500000) $0.60
net income(3300000/500000) $6.60
Net income= $3300000
Earnings per share= 6.60
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Final answer:
The Rembrandt Paint Company's multi-step income statement includes various revenues and expenses to arrive at a Net Income of $3,815,000 for the year, with an Earnings Per Share of $7.63.
Explanation:
Rembrandt Paint Company Income Statement for the Year Ended December 31
(All figures in $1000s except EPS)
Net Sales: $18,000Interest Income: $200Interest Expense: ($350)Cost of Goods Sold: ($10,500)Selling and Administrative Expenses: ($2,500)Restructuring Costs: ($800)Loss from Operations on Plastics Business: ($1,600)Gain on Disposal of Component's Assets: $2,000Income Before Taxes: $5,450Income Tax Expense (30%): ($1,635)Net Income: $3,815Earnings Per Share (EPS): $7.63 (Net Income of $3,815,000 / 500,000 shares)
hermann industries is forecasting the following income statement:sales $8,000,000operating costs excluding depr & amort. 4,400,000EBITDA $3,600,000depreciation & amortization 800,000EBIT 2,800,000Interest 600,000EBT 2,200,000Taxes (40%) 880,000Net income 1,320,000The CEO would like to see higher sales and a forecasted net income of 2,500,000. Assume that operating costs (excluding depreciation and amortization) are 55% of sales and that depreciation and amortization and interest expenses will increase by 10%. the tax rate, which is 40%, will remain the same. what level of sales would generate 2,500,000 in net income?
Answer:
Based on revised assumptions, Hermann Industries will have to achieve sales revenue of $12,681,481 in order to generated target Net Income of $2,500,000
Explanation:
Hermann Industries
Statement to calculate Revised Sales
Net Income $2,500,000
Add: Taxes (40%)
(Net Income × 40% ÷ 60%) $1,666,667
EBT $4,166,667
Add: Interest
($600,000 × (1+10%)) $660,000
EBIT $4,826,667
Depreciation & Amortization
($800,000 × (1+10%)) $880,000
EBITDA (45% of Sales) $5,706,667
Add: Operating Cost (55% of Sales)
(EBITDA × 55% ÷ 45%) $6,974,815
SALES $12,681,481
Revised Income Statement
Hermann Industries
Income Statement
Sales $12,681,481
Operating Costs $(6,974,815)
EBITDA $5,706,667
Depreciation & Amortization $(880,000)
EBIT $4,826,667
Interest $(660,000)
EBT $4,166,667
Taxes (40%) $(1,666,667)
Net Income $2,500,000
*Please note that figures in brackets represent negative figures.
A 12-year, 5 percent coupon bond pays interest annually. The bond has a face value of $1,000. What is the percentage change in the price of this bond if the market yield rises to 6 percent from the current level of 5.5 percent?
Answer:
Percentage change in price = 1.54%
Explanation:
The price of a bond is the present value (PV) of its interest payments and redemption value.
Note that interest payment = Coupon (%) × Face value
The coupon rate is 12% in this question
The redemption value is the amount payable upon maturity of the bond. Here, it is the face value.
So we discount these cash flows- interest payments and face value
Price of the bond at a yield of 6%
Interest rate payment = 6% × 1000 = 60
PV of interest payments = (1 - (1+r)^(-n))/r
r = yield, n = number of years
PV of interest:
60 × (1 - (1+0.06)^(-12))/0.06
= 60 × 8.3838
=$530.30
PV of redemption value = 1000 × (1+0.06)^(-12)
= 496.96
Price of Bond = 530.30 + 496.96 = $1027.26
Price of bond when yield is 5.5%
= 60 × (1 - (1+0.055)^(-12))/0.055
= 60 × 8.6185
=$517.11
PV of redemption value = 1000 × (1+0.055)^(-12)
= 525.98
Price of Bond = 517.11+ 525,98 = $1043.09
Percentage change in price =
=( (1043.09-1027.26)/1027.26) × 100
= 1.54%
The most powerful and widely used conceptual tool for diagnosing the principal competitive pressures in a market is
a. the five forces framework.
b. PESTEL.
c. the driving forces model.
d. strategic group mapping.
e. SWOT analysis.
Answer:
The correct answer is letter "A": the five forces framework.
Explanation:
Porter's Five Forces is an analysis scheme created by Harvard Business School professor Michael E. Porter (born in 1947). It allows business managers to gauge the level of competition within their company's industry, and thus assess current and potential lines of business. The ultimate goal of this analysis is to help managers set their profitability expectations because profitability decreases as competition increases.
In the context of the perspectives on management, the _____ is a subfield of the classical perspective that focuses on the total organization rather than the individual worker and delineates the management functions of planning, organizing, commanding, coordinating, and controlling. a. behavioral sciences approach b. human resources perspective c. administrative principles approach d. humanistic perspective
Answer:
The correct answer is letter "C": administrative principles approach.
Explanation:
According to Turkish engineer and theorist of business Henri Fayol (1841-1925), the administrative approach is a top-down practice by which more focus is placed on the efficiency of the overall organization rather than individuals. Managers must be in charge of controlling, coordinating, planning, organizing and directing the work with employees.
The 'administrative principles' approach, a subfield of the classical perspective on management, emphasizes the total organization rather than individual workers, focusing on management functions like planning, organizing, commanding, coordinating, and controlling.
Explanation:The answer to the student's question is 'c. administrative principles approach'. In the context of the perspectives on management, the administrative principles approach is a subfield of the classical perspective that concentrates on the total organization rather than the individual worker. This approach underlines the management functions of planning, organizing, commanding, coordinating, and controlling. For instance, it would focus on creating an overall strategic plan, structuring the organization to support its goals, directing employees, harmonizing all activities, and monitoring performance against goals.
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Which of the following actions is likely to have the highest initialcost in terms of its impact on other parts of the organization?
O Lay off a portion of your workforce and then try to motivate everyone who’s left to work harder. This option also means selecting future hires from a lower-skill labor pool and paying lower wages.
O Begin buying slightly lower-grade materials, including hardwood, aluminum, vinyl, and nylon.
O Replace existing equipment with newer, more efficient equipment. Although this option entails substantial up-front investment, you’re sure that you can more than make up the difference in lower production costs.
O Replace existing equipment with newer, more efficient equipment. Although this option entails substantial up-front investment, you’re sure that you can more than make up the difference in lower production costs.
Answer:
Replace existing equipment with newer, more efficient equipment. Although this option entails substantial up-front investment, you’re sure that you can more than make up the difference in lower production costs.
Explanation:
The action that is likely to have the highest initial cost in terms of its impact on other parts of the organization is to replace existing equipment with newer, more efficient equipment. Although this option entails substantial up-front investment, you’re sure that you can more than make up the difference in lower production costs. This because buying new equipment will require a big investment from the company at the beginning to cover its costs but this will later generate more productivity and lower production costs which will compensate the initial high cost.
The other options are not right because buying slightly lower-grade materials, including hardwood, aluminum, vinyl, and nylon can decrease the cost at the beginning but the company can have problems with the quality of the products which could be really costly. Also, lay off a portion of your workforce and then try to motivate everyone who’s left to work harder and this option also means selecting future hires from a lower-skill labor pool and paying lower wages will decrease labor costs at the beginning but can require a big investment later with the costs of the process to hire new people, compensations to the employees that were laid off and can also result on low quality job and productivity from lower-skill labor.
While building the ancient pyramids, the Egyptians performed several management functions. They submitted written requests and consulted staff for advice before making decisions. The Egyptians performed which of the following functions of management? Check all that apply.
a. Organizing
b. Controlling
c. Planning
d. Leading
Answer:
It is Planning
Explanation:
Planning involves deciding beforehand, what is to be done, when is it to be done, how it is to be done and who is going to do it.
It is a fundamental management function that lays down organizational objectives (i.e short-term, medium-term and long-term) and develop different courses of actions by which those objectives can be achieved.
Depending on the organizational approach to planning, sometimes a bottom-up or top-down approach is used in the planning processes.
The essence of planning cannot be overemphasized; it helps to improve future performance by having a clear written-out objectives, it helps to minimize future risk and uncertainty and it helps to uncover future opportunities and threats.
In March 2015, the Kansas City Chiefs signed Jeremy Maclin to a contract worth $55 million. Maclin’s salary including roster bonus was to be paid as $3.4 Million in 2015, $12.4 million in 2016 and 2017, and $13.4 million in 2018 and 2019. If the appropriate interest rate is 11%, what kind of deal did the wide receiver snag? Assume all payments are made at the end of the year.
Answer:
Explanation:
PV formula=C/(1+R)^n, C- cash flow(CF) for the period, R-interest rate, n-number of period
PV of CF received in 2015= 3400000/(1+0.11)^1=3063063.06
PV of CF received in 2016= 12400000/(1+0.11)^2=10064118.17
PV of CF received in 2017=12400000/(1+0.11)^3=9066773.13
PV of CF received in 2018=13400000/(1+0.11)^4=8826995.05
PV of CF received in 2019=13400000/(1+0.11)^5=7952247.8
Net worth=NPV=[3063063.06+10064118.17+9066773.13+8826995.05+7952247.8]=38973197.21
TOTAL PV=3,897,3197.21
Wesson Company sold 10,000 units of its only product in the first half of the year. If sales decrease by 15% in the second half of the year, which cost will not change?
A. Direct materials
B. Direct labor
C. Sales commissions
D. Factory supplies
E. Depreciation on equipment
Answer:
so here correct option is E Depreciation on equipment
Explanation:
given data
no of unit sold = 10000 units
sales decrease = 15%
solution
Depreciation on equipment cost will not change because
Depreciation on equipment is assumed to be fixed in nature
and it is not change with increase or decrease in sales
and all other cost given here is variable in nature and it depend upon sales or an production
so here correct option is E. Depreciation on equipment
IE 9-2 ... PPF Model – If this economy has encountered a Recovery from Point "R" to Point "X" (as viewed by the Keynesian Model), then one Risk is a movement toward Point "P" with _________________. The corresponding AS/AD Model would move from a Price Level of $2.00 to __________ .
Answer:
Severe Inflation
Above $2.34
Explanation:
If this economy has encountered a Recovery from Point "R" to Point "X" (as viewed by the Keynesian Model), then one Risk is a movement toward Point "P" with severe inflation. The corresponding AS/AD Model would move from a Price Level of $2.00 to above $2.34.
For 2015, Bargain Basement Stores reported $11,500 of sales and $5,000 of operating costs (including depreciation). The company has $20,500 of total invested capital, the weighted average cost of that capital (the WACC) was 13%, and the federal-plus-state income tax rate was 40%.
1. What was the firm's Economic Value Added (EVA), i.e., how much value did management add to stockholders' wealth during 2014?
Answer:
Management add $1,235 to shareholder's wealth during 2014
Explanation:
EVA = NOPAT - Finance charge
Net Operating Profit After Tax(NOPAT) = Operating Income -Tax
Operating Income = $11,500 - $5,000
= $6,500
Tax = 40% x $6,500
=$2,600
NOPAT= $6,500-$2,600
=$3,900
Finance charge = (WACC x Capital Invested)
=13% x $20,500
=$2,665
EVA = $3,900 - $2,665
=$1,235
Hence, management add $1,235 to shareholder's wealth during 2014