Answer:
Bigeq.com is a site that also offers classified ads for horses, and is one of the ExchangeHunterJumper.com’s biggest market competitor. One service that the Exchange offers that this site does not is that the Exchange professionally screens horses that are listed, while Bigeq.com allows anyone to post sales ads. Therefore, the horses on the Exchange are more likely to be appropriately described and have a better track record than those on Bigeq.com. However, this does mean that Bigeq.com typically has more horses listed than the Exchange does.
Another service that the Exchange provides is that all of the horses listed have high-quality videos and photos within the site that the customer can view, while not all of the horses on Bigeq.com have videos or photos, and those that do are linked to outside websites, some of which are not very good quality. The Exchange continually updates information on the horses available, while the ads on Bigeq.com are static once they have been submitted by the seller.
ExchangeHunterJumper is a specialized platform providing niche services for hunter/jumper show horses, emphasizing professional presentation and marketing, unlike broader classified ad sites like EquineNow or HorseClicks.
Explanation:To compare classified ad sites for horses, one would look for reputable platforms such as EquineNow or HorseClicks, which offer a variety of services ranging from ads for selling horses to equipment and even real estate. When compared to ExchangeHunterJumper, which specializes in the sale of hunter/jumper show horses, it's evident that The Exchange offers a more niche service. The Exchange provides a customer value proposition focused on high-caliber show horses and includes services such as professional photography and marketing for each listed horse to ensure they are presented in the best possible way. Other sites may have a broader scope but might not offer the same level of presentation or specialization in the hunter/jumper discipline.
By focusing on quality over quantity and the niche of show horses, The Exchange establishes itself as a premium offering within the equestrian market.
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TyroneCo, an S corporation, reports gross receipts for the year totaling $400,000 (of which $200,000 is passive investment income). Expenditures directly connected to the production of the passive investment income total of $80,000.
Tyrone’s passive investment income tax is ______.
TyroneCo, an S corporation, has a net passive investment income of $120,000 ($200,000 gross passive income minus $80,000 related expenditure). The passive investment income tax, charged at a rate of 35%, is $42,000.
Explanation:The question involves calculating passive investment income tax for an S corporation like TyroneCo. To calculate the tax, we need to figure out the net passive investment income first. In this case, the passive investment income is $200,000 and the expenditure directly associated with generating this income is $80,000. So:
Net Passive Investment Income = Gross Passive Income - Related Expenditure
Net Passive Investment Income = $200,000 - $80,000 = $120,000.
he tax rate for excessive net passive income for S corporations is 35%. Therefore, Tyrone’s passive investment income tax would be 35% of $120,000, which equals $42,000.
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An important application of regression analysis in accounting is in the estimation of cost. By collecting data on volume and cost and using the least squares method to develop an estimated regression equation relating volume and cost, an accountant can estimate the cost associated with a particular manufacturing volume. Consider the following sample of production volumes and total cost data for a manufacturing operation.Production Volume Total Cost(Units) ($)400 4,000450 5,000550 5,400600 5,900700 6,400750 7,000Use the data to develop an estimated regression equation that could be used to predict the total cost for a given production volume.what is the variable cost per unit produced?
Answer:
a. y = 1246.667 + 7.6x
b $7.6 per unit
Explanation:
a..
Given
n = 6.
Solving the regression equation using
y = a + bx
See attachment for solution
a = 1246.667
b = 7.3
So, y = 1246.667 + 7.3x
b.
The Variable cost per unit is given by the slope of the regression equation i.e. the coefficient of x
Which is 7.6
Lasseter Corporation has provided its contribution format income statement for August. The company produces and sells a single product.
Sales (3,800 units) $ 95,000
Variable expenses 38,000
Contribution margin 57,000
Fixed expenses 43,600
Net operating income $ 13,400
If the company sells 3,900 units, its total contribution margin should be closest to:
a. $13,753
b. $57,000
c. $58,500
d. $59,500
Answer:
The correct answer is C.
Explanation:
Giving the following information:
Sales (3,800 units) $ 95,000
Variable expenses 38,000
First, we need to calculate the unitary selling price and unitary variable cost.
Selling price= 95,000/3,800= $25
Unitary variable cost= 38,000/3,800= $10
Now, we can calculate the total contribution margin for 3,900 units:
Sales= 25*3,900= 97,500
Variable cost= 10*3,900= (39,000)
Contribution margin= 58,500
Using the following accounts and an overhead rate of 80% of direct labor cost, determine the amount of applied overhead. Work in Process Inventory Beginning WIP 18,300 Direct Materials54,900 Direct Labor
Answer:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Explanation:
Giving the following information:
Overhead is applied base on an estimated overhead rate of 80% of direct labor cost.
We weren't provided with enough information to calculate the allocated overhead. But, I will give a numerical example as well as the formula:
To allocate overhead, we need to use the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
For example:
Direct labor= $50,000
Allocated overhead= 0.8*50,000= $40,000
The ________ proposed that all impediments to the formation of a single market be eliminated by December 31, 1992, resulting in the Single European Act.
Answer:
Explanation:
The Delors Commission proposed that all impediments to the formation of a single market be eliminated by December 31, 1992, resulting in the Single European Act. The result was the Single European Act, which was independently ratified by the parliaments of each member country and became EC law in 1987.
Practitioners agree that the purpose of ______ is to "help an organization understand its behavior and its present situation—what’s going on, how it’s going on—so that something can be done about it.
Answer:
The options for answering this question are:
to. feedback
b. data gathering
c. interviews
d. diagnosis
The correct answer is: d. diagnosis
Explanation:
The Business Diagnosis is a simple and very useful tool for the purpose of knowing the current situation of an organization and the problems that prevent its growth, survival or development. It is a process of several studies carried out in the production, services and production companies. Commerce. It allows us to identify and know a series of problems to propose an action plan that guides the future of the organization.
The main objective of the business diagnosis is the location and analysis of existing failures at different levels in the company, and to be able to come up with a range of solution alternatives based on an action plan that is consistent with the comprehensive analysis of the organization.
The diagnosis should be in the shortest possible time and the plan that you prepare for this purpose should show how to obtain good results, preferably in the short term.
Macarty Company's Prepaid Insurance account had a balance of $2,700. It was determined that $1,500 of the Prepaid Insurance had expired. The adjusting entry for Insurance Expense for the year would be__________.
Complete question:
At December 31, 2013, before any year-end adjustments, Macarty Company's Prepaid Insurance account had a balance of $2,700. It was determined that $1,500 of the Prepaid Insurance had expired. The adjusted balance for Insurance Expense for the year would be
A.$1,500. B.$1,200. C.$2,700. D.$1,900
Answer:
The adjusted balance for Insurance Expense for the year would be $1,500
Explanation:
The investment of premium costs ends each year with a null investment and rises as the account is debited over the year. The balance in the accrued asset plan will continue by the close of the financial year before the next financial year.
When you purchase an premium, debit an rise in the benefit in your accrued expense account. And the Bank statement is listed to indicate financial deficit. Change the accounts every month to the sum of the scheme.
The adjusting entry would recognise insurance expense of $1,500
On June 1 of the current tax year Elisha and Ezra (who are equal partners) contribute property to form the Double E Partnership. Elisha contributes cash of $456,480. Ezra contributes a building and land with an adjusted basis and fair market value of $760,800, subject to a liability of $304,320. The partnership borrows $47,550 to finance construction of a parking lot in front of the building. At the end of the first year (December 31), the accrual basis partnership owes $19,020 in trade accounts payable to various creditors. The partnership reported net income of $71,325 for the year, which they share equally. Assume that Elisha and Ezra share equally in partnership liabilities. How much is Elisha's basis in the partnership interest on December 31? Ezra's? Round interim and final answers to whole dollars.
Elisha's basis: $ 677588
Ezra's basis: $ 677588
Answer:
Elisha Basis in Partnership is $ 677,588.
Ezra Basis in Partnership is $ 677,588.
Explanation:
Partnership is kind of business where two or more person contributes capital according to agreed ratio and share profit and losses according to agreement of partnership called partnership deed.
Partnership basis can be calculated as follows:
Elisha Basis in Partnership
Description Amount
Contribution in Cash 456,480
+ Contributed Land liability share 152,160 ---- (304320/2)
+ Construction debt share 23,775 ----- (47550/2)
+ Account Payable Share 9,510 ----- (19020/2)
+ Net Income Share 35,663 --- (71325/2)
Elisha basis in Partnership $ 677588
Ezra Basis in Partnership
Description Amount
Building & Land 760,800
- Debt of partnership (304320)
+ Contributed Land liability share 152,160 ---- (304320/2)
+ Construction debt share 23,775 ----- (47550/2)
+ Account Payable Share 9,510 ----- (19020/2)
+ Net Income Share 35,663 --- (71325/2)
Ezra basis in Partnership $ 677588
Night Shades, Inc. (NSI), manufactures biotech sunglasses. The variable materials cost is $11.13 per unit, and the variable labor cost is $7.29 per unit. a. What is the variable cost per unit? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. Suppose the company incurs fixed costs of $875,000 during a year in which total production is 190,000 units. What are the total costs for the year? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. If the selling price is $44.99 per unit, does the company break even on a cash basis? If depreciation is $435,000 per year, what is the accounting break-even point? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Answer:
Part a. What is the variable cost per unit?
Variable Cost per Unit is $ 11.13+ $ 7.29 = $18.42
Part b. What are the total costs for the year?
Production for the year is 190000 units
Calculation of Total Production = Variable costs + Fixed Costs
= 190000 units × $18.42 + $875,000
=$ 4,374,800
Part c. If the selling price is $44.99 per unit, does the company break even on a cash basis?
The Company Breaks Even when
Total Sales Revenue = Total Production Costs
Total Sales Revenue = $44.99 × 190000
= $ 8,548,100
Total Sales Revenue $ 8,548,100 > Total Production Costs $ 4,374,800
Therefore Company does break even on a cash basis
Part c. If depreciation is $435,000 per year, what is the accounting break-even point?
Total Production Costs = $4,374,800+$435000
= $4,809,800
Therefore accounting break-even point is $4,809,800 Sales
Explanation:
Part a. What is the variable cost per unit?
Variable Cost are costs which Vary with the level of Activity.
Part b. What are the total costs for the year?
Calculation of Total Production Costs= Variable costs + Fixed Costs
Part c. If the selling price is $44.99 per unit, does the company break even on a cash basis?
Break-Even Point is the Point when the company neither makes a profit or a loss
Total Sales Revenue $ 8,548,100 > Total Production Costs $ 4,374,800
Therefore Company does break even on a cash basis
Part c. If depreciation is $435,000 per year, what is the accounting break-even point?
In simple terms the break even point in Sales Revenue is equal to all Variable plus fixed costs
According to the question, the following conditions are as follows:
a. The variable cost per unit is $18.42.
b. The total costs for the year are $4,374,800.
c. The accounting break-even point is 49,303.73 units.
The amount of product generated determines the fluctuation in variable costs. Raw materials, labor, and commissions are examples of variable costs. Regardless of the level of production, fixed expenses stay constant.
Here,
(a) Calculate the variable cost per unit as follows:
Variable cost per unit = Variable materials cost + Variable labor cost
Variable cost per unit = $11.13 + $7.29
Variable cost per unit = $18.42
Therefore, the Variable cost per unit is $18.42.
(b) Calculate the total cost as follows:
Total costs = Variable cost per unit x Number of units produced + Fixed costs
Total costs = $18.42 x 190,000 + $875,000
Total costs = $4,374,800
Therefore, the total cost is $4,374,800.
(c) Calculate the accounting break-even point as follows:
Accounting Breakeven Point = (Fixed costs + Depreciation) / Contribution margin per unit
Accounting Breakeven Point = ($875,000 + $435,000) / $26.57
Accounting Breakeven Point = 49,303.73 units
Working Note:
Calculate the contribution margin per unit as follows:
Contribution margin per unit = Selling price per unit - Variable cost per unit
Contribution margin per unit = $44.99 - $18.42
Contribution margin per unit = $26.57
Calculate the cash breakeven point as follows:
Cash Breakeven Point = Fixed costs / Contribution margin per unit
Cash Breakeven Point = $875,000 / $26.57
Cash Breakeven Point = 32,931.88 units
Therefore, the accounting break-even point is 49,303.73 units.
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To reduce the amount of non-recyclable waste that employees throw out each day, a major computer company removed containers for non-recyclable rubbish from each office and workstation. This altered employee behavior mainly by:________A. increasing employee motivation to be less wasteful.B. helping employees to learn how to be less wasteful.C. altering situational factors and making it difficult to practice wasteful behavior.D. increasing aptitudes that make employees less wasteful.
Answer:
Answer is option C, ALTERING SITUATIONAL FACTORS AND MAKING IT DIFFICULT TO PRACTICE WASTEFUL BEHAVIOUR.
Explanation:
Employee behaviour is defined as an employee’s reaction or response to a particular situation or circumstance at workplace. It is the way employees conduct themselves at work.
Employees need to behave sensibly at workplace not only to gain appreciation and respect from others but also to maintain a healthy work culture. One needs to adhere to the rules and regulations of workplace.
Using the question as an example, in order to reduce the amount of non-recyclable from each office and work stations, the containers for non-recyclable wastes were removed from the offices and workstations. This has altered the employees behavior which would in turn make it difficult for the employees to practice wasteful behaviour because the situational factors has been altered.
Therefore, the option that best suits the question is option C. ALTERING SITUATIONAL FACTORS AND MAKING IT DIFFICULT TO PRACTICE WASTEFUL BEHAVIOR.
In 2015, the world’s total output (real GDP) wIn 1960, America’s GDP per capita was approximately $17,000 (measured in today’s dollars). How much higher in percentage terms was America’s GDP per capita in 2015
Answer: GDP per capita Percentage increase = 232.02%
Explanation:
1960 GDP per capita measured in today's dollars (US) ≈ $17000
2015 GDP per capita (US) = $56443.82
Percentage increase = (56443.82 - 17000)/17000 = 2.320224706 =
GDP per capita Percentage increase = 232.02%
Answer:
232.02
Explanation:
Carl Sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note. Both had the same terms: $19,500 at 8% for 2 years. Use ordinary interest as needed
Compare the proceeds.
Answer:
The proceeds from the simple discount note is $16380 , while that of simple interest is $19500
Explanation:
Simple discount notes could likened to a bank loan where interest on the loan is taken from the borrowed funds before disbursement to the loan's beneficiary,hence proceeds from such notes is face value of the notes less interest taken in advance.
While on the other hand,the proceeds from simple interest note is par or face value.
The discount or interest is =8%*$19500=$1560 for one year,but $3120 for two years($1560*2)
The proceeds on the simple discount note =$19500-$3120
=$16380
The proceeds on the simple interest note is face value of $19500
The proceeds from a simple interest note for $19,500 at 8% for 2 years are $22,620. The proceeds from a simple discount note under the same terms are $16,380.
Simple Interest Note Proceeds
a.To calculate the proceeds from a simple interest note, you can use the formula:
Interest = Principal × Rate × Time
Given: Principal = $19,500, Rate = 8%, Time = 2 years.
Interest = $19,500 × 0.08 × 2 = $3,120
Therefore, the proceeds are:
Proceeds = Principal + Interest = $19,500 + $3,120 = $22,620
b.Simple Discount Note Proceeds
For a simple discount note, the proceeds are calculated by discounting the face value using the given rate and time. The formula for discount is:
Discount = Principal × Rate × Time
Discount = $19,500 × 0.08 × 2 = $3,120
The proceeds are therefore the face value minus the discount:
Proceeds = Principal - Discount = $19,500 - $3,120 = $16,380
The correct question is..
Carl Sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note. Both had the same terms: $19,500 at 8% for 2 years. Use ordinary interest as needed.
a. Calculate the simple interest note proceeds. Simple interest note proceeds
b. Calculate the simple discount note proceeds. Simple discount note proceeds
The contract size for platinum futures is 50 troy ounces. Suppose you need 500 troy ounces of platinum and the current futures price is $1,265 per ounce. How many contracts do you need to purchase? How much will you pay for your platinum? What is your dollar profit if platinum sells for $1,290 a troy ounce when the futures contract expires? What if the price is $1,210 at expiration?a. Contracts to purchase b. Purchase price c. Dollar profit at $1,290 d. Dollar profit at $1,210
Answer:
Explanation:
a) Contract to purchase = 500 troy ounces / 50 = 10 contracts
b) Purchase price = 500 ounces × $ 1265 = $ 632500
c) Dollar profit at $ 1290 = 500 ( $ 1290 - $ 1265) = $ 12500
d) Dollar profit at $ 1290 = 500 ( $1210 - $1265) = $- 27500
The given statement is "The contract size for platinum futures is 50 troy ounces. Suppose you need 500 troy ounces of platinum and the current futures price is $1,265 per ounce. How many contracts do you need to purchase? How much will you pay for your platinum? What is your dollar profit if platinum sells for $1,290 a troy ounce when the futures contract expires? What if the price is $1,210 at expiration?" a. Contracts to purchase: 10 contracts b. Purchase price: $12,650 c. Dollar profit at $1,290: $12,500 d. Dollar profit at $1,210: -$27,500
Let's break down the questions one by one:
a. Contracts to purchase:
To purchase 500 troy ounces of platinum using platinum futures with a contract size of 50 troy ounces each, you would need:
Contracts = Total Ounces Needed / Ounces per Contract
Contracts = 500 ounces / 50 ounces per contract
Contracts = 10 contracts
So, you would need 10 platinum futures contracts to purchase 500 troy ounces of platinum.
b. Purchase price:
To calculate the purchase price, you would multiply the number of contracts by the current futures price:
Purchase Price = Contracts x Current Futures Price
Purchase Price = 10 contracts x $1,265 per ounce
Purchase Price = $12,650
You would pay $12,650 for your 500 troy ounces of platinum.
c. Dollar profit at $1,290:
If the platinum price is $1,290 per troy ounce at contract expiration, you can calculate your profit as follows:
Profit = (Selling Price - Purchase Price) x Total Ounces
Profit = ($1,290 - $1,265) x 500 ounces
Profit = $25 x 500 ounces
Profit = $12,500
Your dollar profit would be $12,500 if platinum sells for $1,290 a troy ounce when the futures contract expires.
d. Dollar profit at $1,210:
If the platinum price is $1,210 per troy ounce at contract expiration, your profit would be:
Profit = (Selling Price - Purchase Price) x Total Ounces
Profit = ($1,210 - $1,265) x 500 ounces
Profit = (-$55) x 500 ounces
Profit = -$27,500
Your dollar profit would be -$27,500 (a loss) if platinum sells for $1,210 a troy ounce when the futures contract expires.
Please note that futures trading involves significant risk, and this calculation assumes a simple scenario without considering trading costs, margin requirements, and other factors.
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Pam has been a highly valued production manager for a national grocery store chain for the last ten years, but she has been unable to move into the top management jobs, positions that are all held by men. What is Pam likely facing?
Answer:
Glass ceiling
Explanation:
Glass ceiling is An unrecognized obstacle to advancement in the profession, affecting in particular women and representatives of minorities, it is seen as an invisible barrier that keeps a given individual from rising beyond a certain level in a hierarchy.
Cases of glass ceiling includes where women and often minorities are held down in the work place never advancing past a certain point.
Blue Corporation leased equipment to Larkspur, Inc. on January 1, 2017. The lease agreement called for annual rental payments of $1,148 at the beginning of each year of the 3-year lease. The equipment has an economic useful life of 7 years, a fair value of $7,200, a book value of $5,200, and Blue expects a residual value of $4,700 at the end of the lease term. Blue set the lease payments with the intent of earning a 6% return, though Larkspur is unaware of the rate implicit in the lease and has an incremental borrowing rate of 8%. There is no bargain purchase option, ownership of the lease does not transfer at the end of the lease term, and the asset is not of a specialized nature. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What is the amount of the rental payments used in the lease agreement? (Round answer to 0 decimal places, e.g. 5,275.) Rental payments $
Prepare the entries for Blue for 2017. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit 1/1/17 12/31/17 (To record the recognition of the revenue) 12/31/17 (To record depreciation expense on the leased equipment) How would Blue’s accounting in part (a) change if it incurred legal fees of $800 to execute the lease documents and $700 in advertising expenses for the year in connection with the lease? (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit 1/1/17 Over the course of the year 12/31/17
Answer: see the pictures attached
Explanation:
Estimates based on the assumption that historical data can be used as a frame of reference for current estimates are: Ballpark estimates. Feasibility estimates. Comparative estimates. Definitive estimates.
Answer:
The correct answer is letter "C": Comparative estimates.
Explanation:
In project management, comparative estimates are forecasts carried out comparing previous project's information. The purpose of conducting such an analysis is to have an idea of what is the amount of money necessary to conduct a new project. The estimation is what its name describes, just an estimate but help managers to allocate the resources they have and request those who may be necessary for the operations of the new plan.
An investor sells 100 shares short at $43. The sale requires a margin deposit equal to 60 percent of the proceeds of the sale. If the investor closes the position at $49, what was the percentage earned or lost on the investment? If the position had been closed when the price of the stock was $27, what would have been the percent earned or lost on the position? (ignore any dividends, interest or commissions that would normally apply in a short sale)
Answer:
What would have been the percent earned or lost on the position is 23.2%
Explanation:
Proceeds of the sale $43 X 100 = $4,300 Margin requirement: .6 x $4,300 = $2,580
When the price of the stock rises to $49, the investor loses $600 ($4,300 - $4,900). ThereforeThe percentage lost on the invested funds is ($600)/$2,580 = (23.2%).
Business writers who use words such as interrogate, remuneration, and terminate are using language many readers would consider a. slang.b. conversational.c. jargon.d. unfamiliar.
Answer:
D. Unfamiliar
Explanation:
Business writers use many different words while writing journal articles or doing accounting or finance-related topics. For a non-business individual, it is challenging to perceive those words such as interrogation, termination, and remuneration. It is because of unfamiliarity with the terms. Those are not slanged words or jargon.
Hence, option D is the answer.
Armour, Inc., an advertising agency, applies overhead to jobs on the basis of direct professional labor hours. Overhead was estimated to be $216,000, direct professional labor hours were estimated to be 18,000, and direct professional labor cost was projected to be $270,000. During the year, Armour incurred actual overhead costs of $212,000, actual direct professional labor hours of 17,500, and actual direct labor cost of $317,000. By year-end, the firm's overhead was:
a. $2,000 underapplied.
b. $6,000 underapplied.
c. $4,000 underapplied
d. $2,000 overapplied
e. $4,000 overapplied.
Answer:
a. $2,000 underapplied.
Explanation:
Estimated Overhead = $216,000
Estimated Professional hours = 18,000
Predetermined overhead rate = $216,000 / 18,000 = $12 per hour
Actual Professional hours = 17,500
Overhead applied = $12 x 17,500 hours = $210,000
Actual overhead = $212,000
Under applied overhead = Applied overhead - Actual overhead
Under applied overhead = $210,000 - $212,000
Under applied overhead = $2,000
At many municipal golf courses, local residents pay a lower fee to play than other golfers do. One necessary condition for the golf course to be able to successfully price discriminate according to residency is that
a.they can check the identification cards of golfers.
b.local resident golfers and other golfers have the same price elasticity of demand to play at the municipal course.
c.there are many golf courses nearby from which golfers can choose.
d.they require all golfers to rent a cart
The correct option is - A (they can check the identification cards of golfers).
Explanation:
Price discrimination is generally a belief that consumers may be asked to pay either more or less based upon the various points on demographic features. They may also price according to the value of goods or services provided to them.
Thus, in the given case, in order to discriminate the price for the golf players, it is essential to check their cards identifying them as the residents of such place
"Much of the information that allows decision makers to run their organizations effectively in the digital age comes to them in the form of ________."
Answer:
The correct answer is letter "B": reports.
Explanation:
Financial reports are the accounting statements managers request to find out what the performance of the company is. Based on that information that could be digitally formatted, top executives can decide what course the firm should take. If the current strategy is not working as expected, adjustments could be made or new strategies can be adopted to run the business effectively.
Answer:
The question is missing the options which are below:
Web searches
reports
Wikipedia entries
employees' comments during meetings
The correct option is reports
Explanation:
Web searches as an option is wrong because the information available online is tailored to a specific business,hence cannot be implemented in their current state.
Wikipedia entries refer to generic information a business can adopt best practice from.
Employees' comments during meetings are a valid of source of information to run the business with, however they should be subjected to a well researched and detailed analysis,hence reports are a better source of management's insights.
Flipco signed a 15-year note payable on January 1, 2018, of $900,000. The note requires annual principal payments each December 31 of 60,000 plus interest at 10%. The entry to record the annual payment on December 31, 2022, includesA. a debit to Interest Expense for $ 36, 000.
B. a debit to Interest Expense for $ 40, 000.
C. a credit to Notes Payable for $ 80, 000.
D. a credit to Cash of $ 120, 000.
Answer:A debit to interest expense for $36,000
Explanation:
interest expense= 800,000-80,000 = 720,000 5% 12/12
Identify whether each of the examples represent a "House of Brands" or a "Branded House" for of brand architecture. Procter & Gamble Toothpaste & Mouthwash Brands Crest, Colgate, Scope, Oral - B Answer 1 Coca Cola Soft Drink Brands Coca Cola Zero, Coca Cola, Coca Cola Life Answer 2 Virgin Brands
Answer: Procter &Gamble: House of Brands
Coca Cola Soft Drink Brands: Branded House
Virgin Brands: Branded House
Explanation:
House of Brands and Branded House are two forms of marketing architecture.
A house of Brands: is an umbrella brand for different products each with its own unique appeal, target audience and marketing designed to appeal to its audience. Procter & Gamble is such an example with products such as Crest, Colgate, Scope, Oral - B. Each of these brands is given a strong brand presence without necessarily drawing on the strength of the Procter & Gamble brand.
A branded house has a single brand presence and its marketing leverages on the brand strength, even when it is geared towards different audiences for different products. Coca Cola and Virgin Brands are examples. Despite having widely varying products, the Virgin brand is used as an overall marketing brand.
Final answer:
Procter & Gamble operates as a House of Brands with independent brands like Crest and Οral-B, whereas Cοca Cοla and Vîrgin Brands function as Branded Houses with sub-brands sharing the master brand's identity.
Explanation:
The concept of brand architecture refers to the structure of brands within an organizational entity. Identifying whether a company operates as a House of Brands or a Branded House is key to understanding their marketing and branding strategy. Procter & Gamble represents a House of Brands because it owns a portfolio of distinct brands such as Crest, Cοlgate, Scοpe, and Oral-B, each with its own identity and marketing strategy. On the other hand, Cοca Cοla operates primarily as a Branded House, with sub-brands like Cοca Cοla Zero and Cοca Cοla Life, all sharing the Cοca Cοla master brand. Lastly, Vîrgin Brands is also a Branded House, leveraging the Vîrgin master brand across diverse industries from entertainment to air travel.
Exercise 12-04 a-b (Video) McGill and Smyth have capital balances on January 1 of $54,000 and $48,000, respectively. The partnership income-sharing agreement provides for (1) annual salaries of $19,000 for McGill and $14,000 for Smyth, (2) interest at 10% on beginning capital balances, and (3) remaining income or loss to be shared 70% by McGill and 30% by Smyth.
Question Continuation
Complete the schedule showing the distribution of net income, assuming net income is $54,000
Answer:
McGill takes $31,540
Smyth takes $22,460
Total: $54,000
Explanation:
Salary Allowance
McGill: $19,000
Smyth: $14,000
Total Salary Allowance = $33,000
Interest Allowance
McGill: $54,000 x 10% = $5,400
Smyth: $48,000 x 10% = $4,800
Total Interest Allowance = $5400 + $4,800 = $10,200
Total salaries and interest
McGill =$24,400 ($19,000 + $5,400)
Smyth: $18,800 ($14,000 + $4,800)
Sum = $43,200
Remaining income
McGill = $10,200 x 70% = $7,140
Smyth: $10,200 x 30% = $3,060
Total division between McGill and Smyth
McGill takes $31,540
Smyth takes $22,460
Total: $54,000
Towson Corp., had 6,000 shares of $100 par, 4% cumulative preferred stock as of January 1, 2018. No additional shares of preferred stock were issued during fiscal years 2018 & 2019. Dividends were paid to common shareholders in 2017 but no shareholders were paid dividends in 2018. A total of $85,000 of dividends was paid in 2019. Use this information to determine the total dollar amount of dividends that was paid to common shareholders during fiscal year 2019.
Answer:
Common Dividend paid in 2019 = $37,000
Explanation:
Given:
Number of shares = 6,000
Rate = 4% = 0.04
Share price = $100
Computation of per year Dividend
Dividend = Number of shares × Share price × Rate
Dividend = 6,000 × $100 × 0.04 = $24,000 per year
Preferred dividend for 2 years = $24,000 × 2 = $48,000
Computation of Dividend paid in 2019:
Total Dividend paid = $85,000
Preferred dividend for 2 years = $24,000 × 2 = $48,000
Common Dividend paid in 2019 = $85,000 - $48,000
Common Dividend paid in 2019 = $37,000
George, the financial manager of a firm, executes his tasks with commitment. He takes his responsibilities seriously. Which of the following characteristics of leadership does George possess?
A) adaptability
B) empathy
C) conscientiousness
D) relationship management
Option C
conscientiousness characteristics of leadership George possesses.
Explanation:
Conscientiousness, one of the leadership qualities, indicates the extent to which a person is trustworthy, reliable, pursues and is achievement-oriented. Conscientious leaders participate in various ways. One process is becoming precariously all the habitual roles of leaders and shaping those characters.
The conscientious leader strives arduous to accomplish everything needed by the organization and infrequently loses the ball. The conscientious leader acts ethically and demands others to do so as well. Leaders with great conscientiousness are correlated with great achievement.
Flex Co. just paid total dividends of $1,075,000 and reported additions to retained earnings of $3,225,000. The company has 715,000 shares of stock outstanding and a benchmark PE of 17.3 times. What stock price would you consider appropriate?a. $52.80
b. $17.60
c. $70.40
d. $63.36
e. $66.88
Given:
Total dividends = $1,075,000
Retained earnings = $3,225,000
Stock outstanding = 715,000 stocks
Benchmark PE = 17.3 times
To find:
Stock price
Solution:
To calculate the stock price, initially we have to calculate the earnings per share,
[tex]\text{Earnings per share} = \frac{\text{(Dividend + addition to retained earnings)}}{\text{Total number of shares}}[/tex]
[tex]\Rightarrow\frac{(600000 + 1800000)}{525000}=4.571428571[/tex]
Now, to calculate the PE ratio,
[tex]\text{PE ratio} = \frac{\text{Stock price}}{\text{EPS}}\Rightarrow\text{Stock price} = \text{PE ratio}\times\text{EPS}[/tex]
[tex]\text{Stock price}=4.571428571\times15.4=\$70.4[/tex]
Therefore, the the stock price would be $70.40 that is, option c.
Final answer:
The appropriate stock price can be calculated based on the P/E ratio, company's earnings, and dividends.
Explanation:
The appropriate stock price can be calculated using the P/E ratio and the company's earnings and dividends. Given that Flex Co. paid total dividends of $1,075,000, and reported additions to retained earnings of $3,225,000, with 715,000 shares outstanding, we can calculate the stock price as $63.36 (option d).
A competitive strategy of striving to be the low-cost provider is particularly attractive when: a. Most rivals are trying to be best-cost providers. b. Most buyers use the product in much the same ways, with user requirements calling for a standardized product. c. Most rivals are pursuing focused low-cost or focused differentiation strategies.
Answer:
The correctt answer is b. Most buyers use the product in much the same ways, with user requirements calling for a standardized product.
Explanation:
Striving to be the representative of the overall low costs of the industry is a powerful competitive approach in the markets with many price-sensitive buyers. A company achieves the leadership of low costs when it becomes the one that provides the products with the lowest costs and is not only one of perhaps several competitors with comparatively low costs. The strategic objective of a low cost company is to reduce them significantly more than its rivals of similar quality. When claiming a cost advantage over rivals, administrators should be careful to include the features and services that buyers consider essential: offering a product too austere undermines the attractiveness of the company's product and can drive buyers away, although its price is lower than competing products.
To achieve maximum efficiency, companies that use a low cost strategy need to get their cost advantage in ways that rivals find it difficult to copy or match. If it is relatively simple or cheap for competitors to imitate the leader's low cost methods, their advantage will last shortly to generate a valuable market advantage.
Lowe Co. manufactures products A and B from a joint process. Sales value at split-off was $700,000 for 10,000 units of A and $300,000 for 15,000 units of B. Using the sales value at split-off approach, joint costs properly allocated to A were $140,000. Total joint costs were
Answer:
$200,000
Explanation:
Using the sales value at split-off approach, the allocated costs are proportional to the percentage of total sales that each product is responsible for generating. The percentage of sales that derive from product A are:
[tex]A = \frac{700,000}{700,000+300,000}= 70\%[/tex]
Therefore, the total joint costs were:
[tex]C = \frac{C_A}{A}\\ C=\frac{140,000}{0.7}\\ C=\$200,000[/tex]
Total joint costs were $200,000.
Classifying inflows and outflows of cash Classify each of the following items as an inflow (I) or an outflow (O) of cash, or neither (N). Item Change ($) Item Change ($) Cash Balance negative 300 Accounts receivable plus 1 comma 700 Accounts payable negative 1 comma 200 Net profits plus 900 Notes payable plus 1 comma 500 Depreciation plus 1 comma 100 Long-term debt plus 1 comma 000 Repurchase of stock plus 900 Inventory plus 200 Cash dividends plus 800 Fixed assets plus 400 Sale of stock plus 1 comma 000
Final answer:
To classify the items as inflows (I) or outflows (O) of cash, you need to determine whether each item represents a change in cash balance. Examples and explanations are provided for each item.
Explanation:
To classify each of the following items as an inflow (I) or an outflow (O) of cash, or neither (N), we need to determine whether each item represents a change in cash balance.
Cash Balance negative 300: Outflow of cash (O)
Accounts receivable plus 1 comma 700: Neither (N), as accounts receivable represents amounts owed to the company but does not involve a direct change in cash.
Accounts payable negative 1 comma 200: Inflow of cash (I), as negative accounts payable indicates a reduction in the amount owed by the company.
Net profits plus 900: Inflow of cash (I), as net profits represent the amount earned by the company.
Notes payable plus 1 comma 500: Inflow of cash (I), as an increase in notes payable represents borrowing money.
Depreciation plus 1 comma 100: Neither (N), as depreciation is a non-cash expense that represents the decrease in value of an asset.
Long-term debt plus 1 comma 000: Inflow of cash (I), as an increase in long-term debt indicates borrowing money.
Repurchase of stock plus 900: Outflow of cash (O), as repurchasing stock involves spending cash to buy back the company's own shares.
Inventory plus 200: Outflow of cash (O), as an increase in inventory requires spending cash to purchase more goods for sale.
Cash dividends plus 800: Outflow of cash (O), as cash dividends involve distributing earnings to shareholders.
Fixed assets plus 400: Neither (N), as adding fixed assets represents a non-cash transaction.Sale of stock plus 1 comma 000: Inflow of cash (I), as selling stock brings in cash from investors.