A company is deciding between 2 foreign firms to provide its call center services. A factor-rating method is used. Factors are rated on a scale of 1-10, with 10 being the best score. Suppose a consultant recommended that Factor 2 be twice as important as Factor 1, while Factor 3 should be four times as important as Factor 1. Which firm is best now using a weighted method? (Round your weights to the nearest four decimal places.)

Answers

Answer 1

Answer:

Explanation:

A) All the weights are equal.

For Firm A, Weighted score = (10 + 7 + 4)/3 = 21/3 = 7

For Firm B, Weighted score = (5+8+6)/3 = 19/3 = 6.3333

Firm A is better preferred

B) Factor 2 being twice important and Factor 3 having four times importance as Factor 1.

For Firm A, Weighted score = (10 + 7*2 + 4*4)/7 =40/7 =  5.7143

For Firm B, Weighted score = (5+8*2+6*4)/7 = 45/7 = 6.4286

Firm B is better preferred

Answer 2

Based on the weights applied and the factors given per firm, the firm that is best would be Firm A.

Which firm would be best?

Factor 1 will be x.

Factor 2 will be 2x

Factor 3 will be 3x.

Total weights are:

= x + 2x + 3x

= 6x

Factor A is therefore = 1/6

Factor B is = 2/6

Factor C is = 3/6

Firm A weighted score is:

= ( (10 x 1/6) + (8 x 2/6) + (9 x 3/6))

= 8.83

Firm B weighted score:

= ( (5 x 1/6) + (8 x 2/6) + (6 x 3/6))

= 6.5

Firm A is therefore better with 8.83.

Find out more on weighted averages at https://brainly.com/question/18554478.

A Company Is Deciding Between 2 Foreign Firms To Provide Its Call Center Services. A Factor-rating Method

Related Questions

Hagrid Company has a weighted average contribution margin per unit of $5.00. Fixed costs are $104,332 This yoga company sells three products, and anticipates the following sales volume next year. Yoga Videos Yoga Equipment Yoga Mats Total Units 13,000 units 15,000 units 12,000 units 40,000 units What is the breakeven quantity for Yoga MATS next year

Answers

Answer:

Break-even units= 6,260 units

Explanation:

Giving the following information:

Hagrid Company has a weighted average contribution margin per unit of $5.00.

Fixed costs are $104,332.

Sales volume next year:

Yoga Videos= 13,000 units

Yoga Equipment= 15,000 units

Yoga Mats= 12,000

Total Units= 40,000 units

First, we need to calculate the break-even point in units.

Break-even point= fixed costs/ contribution margin

Break-even point= 104,332/5= 20,866 units

Now, we can calculate the break-even point units for Yoga Mats:

Weighted participation in sales= 12,000/40,000= 0.3

Break-even units= 20,866*0.3= 6,260 units

Final answer:

To calculate the breakeven quantity for Yoga Mats specifically, we need individual product contribution margins or selling prices. However, given the provided information, we can only estimate the overall breakeven volume at 20,867 units and assume an even distribution across products, approximating 6,956 units for Yoga Mats.

Explanation:

To find the breakeven quantity for Yoga Mats for the next year, we need to calculate the total number of units that need to be sold to cover the fixed costs, taking into account the weighted average contribution margin per unit. Given that Yoga Company, Hagrid Company, has fixed costs of $104,332 and a weighted average contribution margin per unit of $5.00, we can use the breakeven point formula:

Fixed Costs / Contribution Margin per Unit = Breakeven Volume

So, $104,332 / $5.00 = 20,866.4 units. Since you cannot sell a fraction of a unit, we round up to the next whole number, resulting in 20,867 units being the overall breakeven volume for the Hagrid Company.

The question is about the breakeven quantity specifically for Yoga Mats. If the company sells the units evenly across the products, we can divide the total breakeven volume by the number of products. However, to find the exact breakeven quantity for Yoga Mats alone without additional information on the individual contribution margins or selling prices of each product is not possible.

If we assume that the units are sold evenly, that would be 20,867 total units / 3 products = approximately 6,956 units per product to reach breakeven. This assumption may not reflect the real dynamics but gives an approximate idea.

Consider the following information: Portfolio Expected Return Beta Risk-free 6 % 0 Market 10.2 1.0 A 8.2 1.4 a. Calculate the return predicted by CAPM for a portfolio with a beta of 1.4. (Round your answer to 2 decimal places.) b. What is the alpha of portfolio A. (Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.)

Answers

Answer:

a. 11.88%

b. -3.68%

Explanation:

Given that

Risk free rate = 6%

Beta = 1.4%

Market rate = 10.2%

Risk free rate = 6%

Alpha return = 8.2%

a. The computation of expected return of portfolio is given below:-

= Risk free rate + Beta (Market rate - Risk free rate)

= 6% + 1.4% (10.2% - 6%)

= 11.88%

b. The calculation of Alpha of portfolio is shown below:-

= Alpha return - Expected return

= 8.2% - 11.88%

= -3.68%

Suppose that many people who earn a living catching fish decide they can make more money selling fruit smoothies and switch occupations. How will this change affect the number of fish supplied by producers? Choose one: A. supply does not change B. supply decreases C. supply increases

Answers

Answer: Supply decreases

Explanation:

Supply is the amount of products a manufacturer is willing to sell at a particular price at a given period. If the suppliers of fishes or fishermen believe that they can generate more income selling fruit smoothies and change their jobs, this will have a negative effect on the supply of fish. There is a direct relationship between the producers and the number of fishes supplied.

More producers will lead to more fishes and less producers will lead to less fishes supplied. Since some fishermen have changed jobs, this implies that there is a reduction in producers which will also lead to reduction in supply.

ABC Corporation just issued 10-year, $1,000 par value bonds, with a 9% coupon with interest paid annually. The current required rate of return (i.e., YTM) is 7.5%. The current price of the bonds is approximately:_______

Answers

Answer:

The current price of the bonds is $1,102.96  

Explanation:

In arriving at the current price of the bonds, I discounted all future cash flows of the bonds into present value by multiplying the cash flows payable by the bond with relevant year discounting factor.

PV=FV/(1+r)^n

For detailed computation on the bonds current price find attached.

Aqua Corporation purchases nonresidential real property on May 8, 2015, for $1,000,000. Straight-line cost recovery is taken in the amount of $89,765 before the property is sold on November 30, 2018, for $1,500,000
a. Compute the amount of Aqua's recognized gain on the sale of the realty 17,953 X Feedback Check My Work Section 1250 property consists of real property that is not Section 1245 property, generally buildings and their structu When Section 1250 property is sold there is a possibility of Section 1250 depreciation recapture.
b. Determine the amount of the recognized gain that is treated as § 1231 gain and the amount that is treated as § 1250 recapture due to § 291. S 1231 gain 71,812 X § 1250 recapture due to § 291:

Answers

Answer:

See the pictures attached

Explanation:

A shoe factory produces 20 units of output. Its average fixed cost (AFC) = $25, average total cost (ATC) = $35, and marginal cost (MC) = $15. The shoe factories average variable cost (AVC) is ________.

Answers

Answer:

$10

Explanation:

Data provided in the question

Number of units produced = 20 units

Average fixed cost = $25

Average total cost = $35

Marginal cost = $15

As we know that

Average total cost = Average fixed cost + average variable cost

$35 = $25 + average variable cost

So, the average variable cost is

= $35 - $25

= $10

The average total cost is the sum of average fixed cost and the average variable cost

Final answer:

The average variable cost (AVC) is $0.50.

Explanation:

The average variable cost (AVC) can be calculated by dividing the variable cost by the quantity produced.

In this case, the AFC is $25, the ATC is $35, and the MC is $15.

We can calculate the variable cost by subtracting the fixed cost from the total cost.

Since the AFC is given as $25 and the ATC is given as $35 for a production of 20 units, we can find the variable cost as $35 - $25 = $10.

Then, we can calculate the AVC by dividing the variable cost by the quantity produced, which is $10 / 20 = $0.50.

Decision Point:
Employee 2: Sam
You look at the second employee, Sam. His resume indicates that he is an experienced programmer and a stickler for detail, but is accustomed to being given clear direction on a project. Also, when he’s working on a project he is focused on that project and doesn’t want to be interrupted. Based on this information, what team responsibilities would Sam find difficult to perform?

Answers

Answer: Handling Sales Calls

Explanation: Sam would experience difficulty in handling sales calls. This is because of Sam's introverted personality, and it would make this task difficult for him to perform.

Also, Sam is someone who doesn't want to be interrupted whenever he's working on a project, this is in stark contrast with handling of sales calls, where an employee is constantly attending to calls from different customers.

auro Products distributes a single product, a woven basket whose selling price is $15 per unit and whose variable expense is $12 per unit. The company’s monthly fixed expense is $4,200. Required: 1. Calculate the company’s break-even point in unit sales. 2. Calculate the company’s break-even point in dollar sal

Answers

Answer:

(1) 1,400 units

(2) $21,000

Explanation:

Given that,

Selling price = $15 per unit

Variable expense = $12 per unit

Fixed expense = $4,200

Contribution margin per unit:

= Selling price - Variable expense

= $15 - $12

= $3

Contribution margin ratio :

= Contribution margin per unit ÷ Selling price per unit

= $3  ÷ $15

= 0.2 or 20%

1. Break even point:

= Fixed expense ÷ Contribution margin per unit

= $4,200 ÷ $3

= 1,400 units

2. Break even point in dollar sales:

= Fixed expenses ÷ Contribution margin ratio

= $4,200 ÷ 20%

= $21,000

Parent Corporation owns 85% of the common stock and 100% of the preferred stock of Subsidiary Corporation. The common stock and preferred stock have adjusted bases of $500,000 and $200,000, respectively, to Parent. Subsidiary adopts a plan of liquidation on July 3 of the current year, when its assets have a $1 million FMV. Liabilities on that date amount to $850,000. On November 9, Subsidiary pays off its creditors and distributes $150,000 to Parent with respect to its preferred stock. No cash remains to be paid to Parent with respect to the remaining $50,000 of its liquidation preference for the preferred stock, or with respect to any of the common stock. In each of Subsidiary’s tax years, less than 10% of its gross income has been passive income. What are the amount and character of Parent’s loss on the preferred stock? The common stock? Partial list of resources is: IRC Secs. 165(g)(3) and 332(a) Reg. Sec. 1.332-2(b) Spaulding Bakeries, Inc., 27 T.C. 684 (1957) H. K. Porter Co., Inc., 87 T.C. 689 (1986)

Answers

Answer and Explanation:

Liquidating distribution in the problem are made in accordance to the preferred stock.since the activity may not meet the section 322 requirement,the section 322 rules will not apply to the case cited in the problem.This means parents has to recognize a capital loss of $50,000 on the distribution,the capital loss can only be used to offset capital gains.

Under the section 165(g)(3) rules for affiliated cooperation's worthlessness securities,parents can recognize an ordinary loss of $500,000 on the common stock.The ordinary loss can be sued to offset ordinary income.

Explanation of the losses on Parent's preferred and common stock in a liquidation scenario.

Parent's Loss on Preferred Stock: The loss is calculated as the excess of the adjusted basis of the stock over the amount received upon liquidation. In this case, Parent's loss on the preferred stock would be $50,000.

Parent's Loss on Common Stock: Since the common stock receives distribution only after the creditors and preferred stockholders are paid, and there are no remaining funds, Parent's loss on the common stock would be the adjusted basis of $500,000.

How is the shadow banking system the same as the traditional banking system?A) It intermediates the flow of funds between net savers and net borrows.B) It serves as a middle man.C) The complete credit intermediation is performed through a series of steps involving many nonbank financial service firms.D) The complete credit intermediation is performed by a single bank.

Answers

Final answer:

The Shadow Banking System and traditional banks both function as financial intermediaries, mediating the flow of funds between savers and borrowers, and acting as a middle man to reduce transaction costs.

Explanation:

The Shadow Banking System is similar to the traditional banking system in that it serves as a financial intermediary. One way it is the same is by intermediating the flow of funds between net savers and net borrowers, which is articulated in option A. Both systems help to facilitate the exchange of funds, reducing transaction costs, and serving as a form of middle man by connecting those with excess funds who wish to save with those who are in need of borrowing funds.

However, unlike traditional banks which perform the complete credit intermediation through a single entity, the shadow banking system involves a series of nonbank financial service firms, as mentioned in option C. Banks as financial intermediaries accept deposits and then use these to make loans, operating between savers and borrowers.

Susan participates in a Section 403(b) plan at work that includes loan provisions. Susan has recently enrolled in college and has inquired about the possible consequences of borrowing from the Section 403(b) plan to help pay for her education. As her financial planner, what is your advice to her?

Answers

Answer:

Susan qualifies for the loan under section 403(b) plan at work. However, this loan should be well negotiated as regards repayment of the interest elements and the principal.

Explanation:

When a loan is taken up, one has invariably taken up the pledge to repay the Principal component and the Interest element. At the point of funding the loan, a good and favorable interest rate should be well negotiated. As an active employee, the repayment is taken from the monthly pay, after the deduction of statutory tax payment.

It must be advised that Susan should pursue the intention of applying for the loan with utmost faithfulness, as a deviation from this will be frowned upon. Such loan are not to be invested and/or diverted for other purposes.

Susan should properly understand the attending obligation before her - the repayment of principal and interest within the agreed period of time. A default is not advised as this comes with a penalties. The entirety of the loan may be treated as an income, and subsequently taxed in same breath. Plus other penalties.

The Appliance Depot realizes that many of its customers purchase several appliances at one time and may not have immediate cash to pay for the purchase. Therefore, The Appliance Depot offers credit services where customers can pay for their purchase over time. It entices customers to shop at its store by offering "no money down" or "interest-free" options. This relates to the ________ function of marketing.

Answers

Answer:

Financing

Explanation:

Financing refers to usage of money and funds to finance the marketing agencies and promotions, in addition to financing the movement of goods through different channels of distribution.

Retailers usually use credit schemes to induce customers such as, payment in installments with zero interest payments. Such schemes enhance sales and also build consumer trust.

In the given case, Appliance Depot offers credit services whereby customers are granted convenient payment terms such as no down payment and interest free installments. This represents the marketing function of financing wherein the retailer facilitates financing customer's purchase via such credit schemes.

Final answer:

The offering of 'no money down' or 'interest-free' options by The Appliance Depot is related to the financing function of marketing, which facilitates purchases through loans and payment terms, expanding consumer access to goods.

Explanation:

The Appliance Depot's practice of offering “no money down” or “interest-free” payment options for customers to pay for their purchases over time is related to the financing function of marketing. This function involves providing various methods to assist customers in purchasing goods or services. Offering credit services, especially with enticing terms, serves as a strategy to make high-cost items more accessible to customers and can increase a merchant's sales by breaking down the overall transaction into two parts. The merchant firstly provides a loan on certain terms, making the purchase possible, and then the customer completes the purchase using the borrowed funds.

In the broader context of economics and business, the credit transaction is a fundamental part of consumer purchasing decisions, especially for large ticket items such as appliances. This concept of buying on credit has been a key component of the evolution of consumerism, allowing the expansion of the market for goods and services by making them more attainable for the public.

Walton Company, which produces and sells a small digital clock, bases its pricing strategy on a 25 percent markup on total cost. Based on annual production costs for 15,000 units of product, computations for the sales price per clock follow. Unit-level costs $ 330,000 Fixed costs 78,000 Total cost (a) 408,000 Markup (a × 0.25) 102,000 Total sales (b) $ 510,000 Sales price per unit (b ÷ 15,000) $ 34 Required Walton has excess capacity and receives a special order for 4,000 clocks for $25 each. Calculate the contribution margin per unit. Based on this, should Walton accept the special order? Prepare a contribution margin income statement for the special order.

Answers

Explanation:

The computation of the contribution margin per unit is shown below:

Burt for that first we have to determine the variable expense per unit which is shown below:

Variable costs per unit = $330,000 ÷ 15,000 units

= $22

Now the contribution margin per unit is

= Selling price per unit - variable expense per unit

= $25 - $22

= $3

Therefore, the special order is accepted

And, the preparation of the contribution margin income statement is shown below:

Sales (4,000 clocks  × $25)                       $100,000

Less: Variable cost (4,000 clocks × $22) ($88,000)  

Contribution margin                                   $12,000

A study on global CSR conducted during the recent economic downturn discovered all of the following EXCEPT ________.

a. 35 percent of respondents think CSR has become a victim of its own hype
b. 22 percent of respondents think the crisis will have a negative impact on CSR
c. 28 percent of respondents think the real meaning of CSR will change
d. 44 percent of respondents think the crisis will cause CSR to be applied more often

Answers

Answer: B) 22 percent of respondents think the crisis will have a negative impact on CSR

Explanation:

Answer:

A. 35% of respondents think CSR has become victim of its own hype

Winslow Company expects sales of its financial calculators to be $201,000 in the first quarter and $242,000 in the second quarter. Its variable overhead is approximately 18 percent of sales, and fixed overhead costs are $54,000 per quarter. Compute Winslow’s manufacturing overhead budget for the first two quarters.

Answers

Answer:

(a) $90,180

(b) $94,560

Explanation:

Given that,

Sales in the first quarter = $201,000

Sales in the second quarter = $242,000

Variable overhead = 18% of sales

Fixed overhead costs = $54,000 per quarter

Budgeted manufacturing overhead for 1st Quarter:

= Variable overhead + Fixed overhead costs

= ($201,000 × 18%) + $54,000

= $36,180 + $54,000

= $90,180

Budgeted manufacturing overhead for 2nd Quarter:

= Variable overhead + Fixed overhead costs

= ($242,000 × 18%) + $54,000

= $43,560 + $51,000

= $94,560

After rollercoaster years of success and decline, Apple has found itself once again on top of its game. However, rivals like Microsoft and Google are pushing competitiveness. In fact, many of Apple’s rivals have the same or similar product offerings. Apple has hired you as a futurist. Help the company continue to diversify its products and maintain strategic competitiveness through new innovations and improved technologies. Through which strategy should Apple pursue its next big hit.a. Unrelated Diversification
b. Related Diversification

Answers

Answer:

The correct answer is letter "B": Related Diversification.

Explanation:

Related Diversification refers to the expansion in product lines of a company investing in the manufacturing of new goods that are related to the lines already being offered. Firms do this to attract new customers without losing their specialty. This opposes Unrelated Diversification where companies venture into new business lines unrelated to the existing business.

Your parents surprise you with a $500 check. As a result, the U.S. GDP decreases because you have to pay taxes on this income. increases because this is unexpected income to you. remains unchanged because it was counted when your parents earned it. decreases because you will spend it on useless goods.

Answers

Answer:

remains unchanged because it was counted when your parents earned it.

Explanation:

GDP is the total value of goods & services produced within an economy, during a period of time.

It can be recorded by following methods : Value Added (by each producer) , expenditure (by all consumers), income (of all producers) .

There are many precautions while calculating GDP : Gifts, Second Hand goods etc are not included in GDP. Such because these goods have not lead to any new flow of goods & services in economy, the transaction includes mere transfer of ownership. These goods & services had already been included in 'GDP' at time of purchase under expenditure or income method & need not be included at time of gift giving or second hand purchase. If included again, it leads to double counting.

Similarly : Parents surprise gift doesn't affect GDP as it has already been accommodated in it while parents had earned it.

Gwen, an independent consultant, traveled to New York City on a business trip. Gwen spent 4 days in business meetings and conferences and then spent 2 days sightseeing in the area. Gwen's plane fare for the trip was $250. Meals cost $160 per day. Hotels and other incidental expenses amounted to $250 per day. Gwen may deduct Group of answer choices

Answers

Answer:

The deductible expense  =  $570

Explanation:

First, the question is not complete, the complete question is as follows

Gwen, an independent consultant, traveled to New York City on a business trip. Gwen spent 4 days in business meetings and conferences and then spent 2 days sightseeing in the area. Gwen's plane fare for the trip was $250. Meals cost $160 per day. Hotels and other incidental expenses amounted to $250 per day.Gwen was not reimbursed by her employer for any expenses. Her AGI for the year is $50,000 and she itemizes but has no other miscellaneous itemized deductions. Gwen may deduct (after limitations).

Solution

How much is the plane fare              $250

How much was spent on means       $640 (160 a day x 4 days)

Subtract: 50% of meal costs               ($320) 0.5 x 640

Hotel Expense was                              $1,000 ($250 x 4 days)

The total is                                            $1,570

Subtract 2% of the AGI                       $1,000 (0.02 x 50,000)

The final deductible expense                 $570

This means the amount that Gwen can deduct from the expenses for the trip after the limitations as calculated above is $570

Which of the following is not an indication of a company environment ripe for unethical behavior? a. compensation incentive system tied only to sales b. employees with few or no personal values c. employees who are independent d. intense competition threatening survival

Answers

Option C

employees who are independent is not an indication of a company environment ripe for unethical behavior

Explanation:

In business knowledge, environmental ethics is regarded with a company's efficiency to defend the environment in which it functions. Breaches of basic ethics can harm your business or take your company money due to acts such as claims or deprivation of goods and ideas.

Unethical practices cover not rewarding workers a decent wage, hazardous or unsanitary functioning conditions. Any disciplines that are not in acquiescence with good labor standards and federal manipulation guidelines befall into this category. Providing independence to the employee is not unethical behavior.

5. Problems and Applications Q5 In the 1990s and the first two decades of the 2000s, investors from the Asian economies of Japan and China made significant direct and portfolio investments in the United States. At the time, many Americans were unhappy that this investment was occurring. True or False: It was better for the United States to receive this foreign investment because it would lead to faster economic growth. True False True or False: It would have been better for Americans to have made this investment because then they would have received the returns on the investment themselves. True False

Answers

Answer:

a) True b) True c) False

Explanation:

a) It is true that Americans were unhappy that investors from the Asian economies of Japan and China were making investments because they thought it would hinder the domestic investment

b) China and Japan were two of the fastest growing economies in that era. Investment by them meant greater capital bringing more job opportunities and faster economic growth.

c)   Yes, had the Americans made this investment, they would have received the returns on investment themselves but as foreign investment brings foreign skills and resources in the host country fueling innovation, developing work force, allowing export of American-made goods to other countries. Foreign Investment always brings benefits to host as well as home country and has broader useful impact than if the country relies on domestic investment only

The pricing strategy that begins with the determination of a price at which a product will sell and then focuses on developing a cost structure for the product that will yield a profit is known as:

a. cost-plus pricing.
b. prestige pricing.
c. Developmental pricing
d. target costing.

Answers

Answer:

The correct answer is letter "A": cost-plus pricing.

Explanation:

Cost-plus pricing is a strategy to determine the price of a product based on adding the costs of production (raw materials, direct labor, and overhead) so then a percentage of the total costs will be added representing the profit of the company. The total value will be the price consumers will have to pay for the product. Cost-plus pricing is also called markup pricing.

In 2019, Whispering Winds Corp. had net sales of $973,000 and cost of goods sold of $570,900. Operating expenses were $220,300, and interest expense was $14,600. Whispering Winds prepares a multiple-step income statement. Compute Whispering Winds gross profit.

Answers

Answer:

Whispering Winds Gross profit is $402,100

Explanation:

Multi step income statement differentiate the the operating revenue and expenses from non operating revenue and expenses. It shows the gross profit, operating profit and net profit separately.

     Whispering Winds Corp.

 Income statement for the year 2019

Net sales                               $973,000

Less: Cost of goods sold     $570,900

Gross Profit                                            $402,100

Less:Operating expenses                     $220,300

Operating Profit                                     $181,800

Less: Interest expense                          $14,600  

Profit before Tax                                    $167,200

Final answer:

The gross profit for Whispering Winds Corp. in 2019 is calculated by subtracting the cost of goods sold from the net sales, resulting in a gross profit of $402,100.

Explanation:

To calculate the gross profit for Whispering Winds Corp., you subtract the cost of goods sold from the net sales. In this case, the company had net sales of $973,000 and the cost of goods sold was $570,900. The formula to calculate gross profit is:

Gross Profit = Net Sales - Cost of Goods Sold

So, using the provided figures:

Gross Profit = $973,000 - $570,900

Gross Profit = $402,100

Therefore, the gross profit for Whispering Winds Corp. in 2019 was $402,100.

In a period of increasing for housing, would you expect housing prices to rise more in Miami suburbs, which had room for expansion and fairly loose laws about subdivisions, or in a city such as San Francisco, which had limited land and tight subdivision restrictions?

Answers

Answer:

House prices would be higher in San Francisco

Explanation:

House prices are very similar to prices of other goods and services. It is generally set by the market equilibrium, where the demand for housing meets the supply of housing.

Limited land in San Francisco means that the supply of housing would be low and unable to meet rises in quantity demanded. There would be a shortage of houses since the quantity demanded would be higher than the quantity supplied. Therefore, with a rise in demand, house prices are also likely to increase. On the other hand, Miami offers a lot of room for expansion which suggests that the supply of housing would be able to easily meet the quantity demanded. Thus, housing prices in Miami won’t be as high as those in San Francisco.

Zell Company had sales of $1,800,000 and related cost of merchandise sold of $1,150,000 for its first year of operations ending December 31, 2016. Zell Company provides customers a refund for any returned or damaged merchandise. At the end of the year, Zell Company estimates that customers will request refunds for 1.5% of sales and estimates that merchandise costing $16,000 will be returned. Assume that on February 3, 2017 Anderson Co. returned merchandise with a selling price of $5,000 for a cash refund. The returned merchandise originally cost Zell Company $3,100.

(a) Journalize the adjusting entries on December 31, 2016 to record the expected customer returns. Refer to the Chart of Accounts for exact wording of account titles. Scroll down to see the journal page for recording the returned merchandise and cash refund to Anderson Co.(b) Journalize the entries to record the returned merchandise and cash refund to Anderson Co. Refer to the Chart of Accounts for exact wording of account titles.

Answers

Final answer:

To record expected customer returns, make adjusting entries using Estimated Customer Returns Expense and Allowance for Estimated Customer Returns. For the returned merchandise and cash refund, debit Accounts Payable - Anderson Co. and credit Sales Returns and Allowances, as well as debit Cash and credit Accounts Payable - Anderson Co.

Explanation:

To record the expected customer returns, Zell Company would make adjusting entries at the end of the year. The journal entry would be:

Debit: Estimated Customer Returns Expense $27,000

Credit: Allowance for Estimated Customer Returns $27,000

To record the returned merchandise and cash refund to Anderson Co., the journal entry would be:

Debit: Accounts Payable - Anderson Co. $5,000

Credit: Sales Returns and Allowances $5,000

Debit: Cash $5,000

Credit: Accounts Payable - Anderson Co. $5,000

Learn more about Recording adjusting entries and customer returns here:

https://brainly.com/question/32252183

#SPJ3

(a) Adjusting entries:

1. Debit Merchandise Returns Expense $27,000, credit Allowance for Sales Returns and Allowances $27,000.

2. Debit Merchandise Returns Expense $16,000, credit Allowance for Sales Returns and Allowances $16,000.

(b) Entries:

1. Debit Sales Returns and Allowances $5,000, credit Accounts Receivable—Anderson Co. $5,000.

2. Debit Cost of Merchandise Sold $3,100, credit Merchandise Inventory $3,100.

(a) Adjusting entries on December 31, 2016:

1. To record estimated returns for merchandise:

[tex]\[ \text{December 31, 2016} \][/tex]

[tex]\[ \text{Merchandise Returns Expense} \qquad 27,000 \][/tex]

[tex]\[ \text{Allowance for Sales Returns and Allowances} \qquad 27,000 \][/tex]

Calculation:

- Estimated returns for sales: $1,800,000 * 1.5% = $27,000

2. To record estimated returns for damaged merchandise:

[tex]\[ \text{December 31, 2016} \][/tex]

[tex]\[ \text{Merchandise Returns Expense} \qquad 16,000 \][/tex]

[tex]\[ \text{Allowance for Sales Returns and Allowances} \qquad 16,000 \][/tex]

(b) Entries to record the returned merchandise and cash refund to Anderson Co. on February 3, 2017:

1. To record merchandise returned by Anderson Co.:

[tex]\[ \text{February 3, 2017} \][/tex]

[tex]\[ \text{Sales Returns and Allowances} \qquad 5,000 \][/tex]

[tex]\[ \text{Accounts Receivable—Anderson Co.} \qquad 5,000 \][/tex]

2. To record cost of returned merchandise:

[tex]\[ \text{February 3, 2017} \][/tex]

[tex]\[ \text{Cost of Merchandise Sold} \qquad 3,100 \][/tex]

[tex]\[ \text{Merchandise Inventory} \qquad 3,100 \][/tex]

"On average, a customer waits 8 minutes in a queue and customers arrive at a rate of 15 per hour. What is the average number of customers waiting according to the single-server queue model? "

Answers

Answer:

The Answer is A) 2

Explanation:

Drawing details from the question, the formula for calculating Average Waiting Time under the Single -Server Queue Model is given as:

Average  Waiting Time = (Average No of customers waiting in line)  

                                                                        λ

> λ is a mathematical symbol pronounced Lambda and here refers to Rate of Arrival.

> We have Average Waiting Time = 8

> We have λ (Average Rate of Arrival) = 15 People every hour (that is 60 Minutes)

> that is 15/60= 0.25

Therefore λ = 0.25

> Lets assume that Average No. of Customers Waiting in Line is C

Our formula (by substituting the various factors above now becomes

8 = C/0.25

                             

To get, we cross multiply. So we have:

C = 8 x 0.25

C = 2 thefore the Average No. of Customers waiting according to the single-server queue model given the above conditions is 2.

Cheers!

A consumer is the beneficiary of a commodity, service, product, or idea gained from a seller, vendor, or supplier via a financial transaction or exchange for money or some other emoluments in sales, commerce, and economics.

The average number of customers waiting according to the single-server queue model is 2.

The formula for determining Average Waiting Time under the Single-Server Queue Model, as derived from the question, is as follows:

(Average Number of Customers in Queue)

Average Waiting Time is a mathematical symbol that is spelled Lambda and relates to the Rate of Arrive.

We have a Delay of 8 minutes

We have (Average Rate of Arrival) = 15 people every hour (60 minutes )which is 15/60= 0.25.

Assume that the average number of customers waiting in line is C.

By adding the multiple aspects above, our formula now becomes 8 = C/0.25

We cross multiply to obtain. As a result, we have:

C = 0.25 x 8 C = 2

Therefore the Average No. of Customers waiting according to the single-server queue model given the above conditions is 2.

To know more about the number of customers, refer to the link below:

https://brainly.com/question/1281767

Amir buys a Baskin Robbins franchise. He has made a financial commitment and agrees to conduct business in accordance with Baskin Robbins' standard of operations. In exchange, he can expect to receive all of the following from Baskin Robbins EXCEPT:

a.building specifications and designs.

b.site recommendations.

c.free equipment and training.

d.management and accounting support.

e.immediate name recognition.

Answers

Answer:

c.free equipment and training.

Explanation:

A franchise is when a company gives another party the right to use its name and brand to do business. The franchisor provides loscence that covers it's procedures, know how, intellectual property, brand, business model, and rights to sell its products.

The franchisor provides expertise which includes site recommendations, name recognition, accounting and management support. To ensure uniformity of brand it also gives building specifications and designs.

Three payments are made by the franchisee to the franchisor:

- Payment for trademark

- Reimbursement for training and advisory services performed

- An agreed part of sales made

What practices at Theo Chocolate reflect the concept of sustainability? What does vice president Debra Music mean when she says that Theo is a ""triple bottom line"" company? How is this different from any other company? What does the term fair trade mean to the leaders at Theo? What happens if fair trade goals conflict with a company’s primary responsibility to be profitable?

Answers

Answer:

The triple bottom line according to John Elkington in 1994 is an accounting reporting framework which considers three aspects: social, environmental (or ecological) and financial.

Explanation:

What practices at Theo Chocolate reflect the concept of sustainability?

Sustainability according to the proponents of the triple bottom line reporting is to ''take into consideration social and environmental factors and record the company's performance in addition to financial performance.''

In line with above definition, Theo Chocolate reflect the concept of sustainability as because the company utilizes organic beans in the manufacturing of chocolate. Organic beans are socially sustainable because they are health inclined.

What does vice president Debra Music mean when she says that Theo is a ""triple bottom line"" company?

The triple bottom line according to John Elkington in 1994 is an accounting reporting framework which considers three aspects: social, environmental (or ecological) and financial.

Therefore a Triple Bottom Line company like Theo considers social equity, economic, and environmental factors. The phrase, "people, planet, and profit" summarizes the description and meaning of being a triple bottom line company with the goal of TBL being sustainability

How is this different from any other company?

Usually other companies would only report or be concerned about financial performance which is Profit, without considering People or Planet. Such will ignore and not achieve sustainability.

What does the term fair trade mean to the leaders at Theo?

Fair Trade is a way of buying and selling products that makes certain that the people who produce the goods receive a fair price

What happens if fair trade goals conflict with a company’s primary responsibility to be profitable?

Theo chocolate is a triple bottom line - sustainability minded company that will not compromise ethics for profitability, it would prefer to trade fairly and make a loss than to deal unethically and become profitable

You get a loan for $100,000 today and will pay it back with yearly payments of $10,000 each year in years 1 to 10. In addition, you will make a single dollar payment in year 3. How big must the single payment be, if the loan charges 6.00% APR (compounded annually)

Answers

Answer:

$31,442

Explanation:

The computation is shown below:

Years             Cash flows              Discount factor         Present value

0                     $100,000.00              1                      $100,000.00

1                      $10,000.00        0.9433962264

2                     $10,000.00        0.88999644

3                                                 0.839619283

4                      $10,000.00         0.7920936632

5                      $10,000.00          0.7472581729

6                      $10,000.00          0.7049605404

7                       $10,000.00          0.6650571136

8                       $10,000.00           0.6274123713

9                       $10,000.00           0.5918984635

10                     $10,000.00            0.5583947769

Total                                                  7.3600870514

Now the present value is

= $10,000 × 7.3600870514

= $73,600.87

The single payment is

= $100,000 - $73,600.8705

= $26,399.1295

After considering the 6% APR, it is

= $26,399.1295 ÷ 0.839619283

= $31,441.72

The discount factor should be computed below

= 1 ÷ (1 + rate) ^ years

where,  

rate is 6%  

Year = 0,1,2,3,4 and so on

In businesses, ________ include the president and other top executives, such as the chief executive officer, chief financial officer, and chief operations officer, who have overall responsibility for an organization.

Answers

Answer:

The correct answer is letter "B": Top Managers.

Explanation:

Top Managers are the executives of every firm responsible for the decision-making of the operations of the corporation. They are the head of each department in the corporate structure that includes the Chief Executive Officer (CEO), Chief Operations Officer (COO), Chief Information Officer (CIO), and Chief Marketing Officer (CMO) to mention a few. These are also referred to as "C-level positions".

Avoinics Industrials reported at year end that operating income before taxes for the year equaled $2,400,000. The firm's weighted-average cost of capital (WACC) is 7.24%. The carrying amount of debt is $1,300,000, and the carrying amount of equity capital is $8,800,000. The income tax rate for Avionics is 30%. Assuming that there are no 'accounting distortions' to be adjusted, what is the economic value added (EVA)? Group of answer choices

Answers

Answer:

$948,760

Explanation:

The computation of the economic value added (EVA) is shown below:

= Operating income after taxes - carrying amount of debt and equity after considering the firm's weighted-average cost of capital

where,

Operating income after taxes equal to

= $2,400,000 × (1 -30%)

= $1,680,000

Cost of debt and equity is

= ($1,300,000 + $8,800,000) × 7.24%

= $731,240

So, the economic value added is

= $1,680,000 - $731,240

= $948,760

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