The present value of the annuity payments is determined using the present value formula for an ordinary annuity, adjusted for the delay and the semiannual compounding. The payments are $3,900 every six months, with the first payment starting 7.5 years from today and a semiannual interest rate of 3.1%.
Explanation:The value of the payments today, also known as the present value, can be calculated using the formula for the present value of an ordinary annuity. The formula includes the payment amount, the interest rate per period, and the number of periods.
First, let's determine the number of periods (n) and the interest rate per period (r). Since payments are made every 6 months, and the first payment starts 7 years and 6 months from today, the payments will continue for 7 years after the first payment, resulting in n = 14 periods. The semiannual interest rate is half the APR, so r = 6.2% / 2 = 3.1% per period.
Because the payments start 7.5 years from today, we must also discount the value of the annuity an additional half-year to today's value. To find the present value (PV) we use the formula:
PV of annuity due = PV ordinary annuity × (1 + r)
The formula for the PV of an ordinary annuity is:
PV = PMT × [(1 - (1 + r)^-n) / r]
Where PMT is the payment amount ($3,900). The present value can then be found by substituting the values into the formula and solving for PV. Once obtained, it is multiplied by (1 + r) to adjust for the first payment occurring in 7.5 years rather than 7 years.
When managers employ a profile schema of the characteristics of good, poor, and outstanding employees they are using a(n) ________ schema to compare present employees and job candidates. A. role-based B. person-based C. events-based D. self-based
Answer:
The correct answer is letter "B": person-based.
Explanation:
Schemas are mental constructions that help understanding or classifying certain topics easily. Person-based schemas, then, allow individuals to qualify people. The problem with schemas is that they are limited. Using schemas could represent avoiding information that could be useful to understand one person. Person schemas could include information such as appearance, personality or behavior.
Suppose that anticipated inflation is 4% for the coming year, with loan contracts set at 7% with the expectation of a 3% return after inflation. If the actual inflation rate at the end of the year is 2%:
debtors gain at the expense of creditors.
people on a fixed income see the purchasing power of their incomes rising.
creditors gain at the expense of debtors.
there is a redistribution of income from creditors to debtors.
Answer:
Creditors gain at the expense of debtors.
Explanation: Inflation is a macroeconomic measure that shows the general rise in the price level of goods and services in an economy,the price rise as a result of Inflation is above normal.
A CREDITOR is a person or an organisation who is owned a certain amount of money by another person or organisation known as A DEBTOR.
IN THE SCENERIO HIGHLIGHTED,THE CREDITORS WILL GAIN A RETURN ON INVESTMENT OF 5% INSTEAD OF THE ANTICIPATED 3%,THIS IS DUE TO THE REDUCED RATE OF INFLATION ANTICIPATED WHICH DROPPED FROM 4% TO 2%.
Anticipated Inflation=4%
Actual Inflation=2%
Anticipated Returns=3%
Loan contract interest rate based on anticipated Inflation=7%
Actual returns on investment=(4-2)%
=2%.
Actual returns=7%-2%
Actual returns=5%.
Answer:
creditors gain at the expense of debtors.
Explanation:
Baden Company has gathered the following information. Units in beginning work in process 0 Units started into production 37,700 Units in ending work in process 8,700 Percent complete in ending work in process: Conversion costs 40 % Materials 100 % Costs incurred: Direct materials $81,055 Direct labor $64,400 Overhead $102,872 Compute equivalent units of production for materials and for conversion costs.
Final answer:
To compute the equivalent units of production for materials and conversion costs, consider the units started into production and the units in ending work in process.
Explanation:
To compute the equivalent units of production for materials and conversion costs, we need to consider the units started into production and the units in ending work in process.
For materials, the equivalent units of production would be the sum of units started into production and the percentage of completion of the units in ending work in process multiplied by the number of units in ending work in process.
For conversion costs, the equivalent units of production would be the same as the equivalent units of production for materials.
Your friend Ed has a money market mutual fund account, automatic deposit of his paycheck into an interest-bearing checking account at the company credit union, and a CD form the local branch of a bank that advertises "coast to coast" banking. What is the benefit of "mixing and matching" financial institutions and their services?
Answer and explanation:
"Mixing and Matching" financial institutions are those that take their customers' money and link different investment vehicles with the customer's expectations, diversifying risk compared to having the money in only one asset. The benefit of using financial institutions as middlemen relies on the cost of accessing the securities since they are much lower for individual investors. Besides, customers receive an assessment from professionals on what to invest in but sometimes this implies paying an additional fee.
Dessa Cabinetry, Inc., manufactures standard sized modular cabinet units for kitchens and other applications within the home. Its costing system utilizes two cost categories, direct materials and conversion costs. Each product must pass through the rough cut department and the finish department. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production.
Data for Finishing Department for March 2017 are:
Work in process, beginning inventory, 20% converted 1,000 units
Units started during February 1,800 units
Work in process, ending inventory 500 units
Costs for Finishing department for March 2017 are:
Work in process, beginning inventory:
Direct materials $200,000
Conversion costs $204,000
Direct materials costs added during February $428,000
Conversion costs added during February $141,000
How many units were completed and transferred out of the Finishing department during March?
Answer:
2,300 units
Explanation:
Given that,
Data for Finishing Department for March 2017:
Work in process, beginning inventory, 20% converted = 1,000 units
Units started during February = 1,800 units
Work in process, ending inventory = 500 units
Units completed and transferred out:
= Work in process, beginning inventory + Units started during month - Work in process, ending inventory
= 1,000 units + 1,800 units - 500 units
= 2,300 units
Final answer:
The number of units completed and transferred out of the Finishing Department during March 2017 is 2,300 units. This calculation is based on the total units accounted for (beginning work in process plus units started) minus the units in ending work in process.
Explanation:
The student is asking about completing a calculation to determine the number of units completed and transferred out of the Finishing Department for a manufacturing company, Dessa Cabinetry, Inc., during March 2017. Given the data provided, we start with the total number of units accounted for, which includes the units in starting work in process (WIP), plus the units started in the month, and then subtract the units remaining in ending WIP. So, the calculation is as follows:
Units from beginning WIP: 1,000 unitsUnits started this period: 1,800 unitsTotal units accounted for: 1,000 units + 1,800 units = 2,800 unitsEnding WIP: 500 unitsUnits completed and transferred out: 2,800 units - 500 units = 2,300 unitsThus, the number of units completed and transferred out of the Finishing Department during March 2017 is 2,300 units.
The bond has a coupon rate of 5.57 percent, it makes semiannual payments, and there are 5 months to the next coupon payment. A clean price of $923 and the par value is $1,000. What is the invoice price?
Final answer:
The invoice price of the bond can be calculated by adding the clean price and the accrued interest. In this case, the invoice price is $923,023.22.
Explanation:
The invoice price of a bond refers to the price at which the bond is bought or sold, including any accrued interest. To calculate the invoice price, we need to take into account the clean price, which is the price of the bond without accrued interest. In this case, the clean price is $923 and the par value is $1,000.
First, we need to calculate the accrued interest. The bond makes semiannual payments, so the next coupon payment is 5 months away. Since each coupon payment is for half of the annual coupon rate, the accrued interest can be calculated as follows:
Accrued Interest = (Coupon Rate / 2) x (Time since last coupon payment / Time between coupon payments)
Accrued Interest = (5.57% / 2) x (5 months / 6 months)
Accrued Interest = 0.02785 x 0.83333 = 0.02322
Next, we calculate the dirty price, which is the clean price plus the accrued interest:
Dirty Price = Clean Price + Accrued Interest
Dirty Price = $923 + $0.02322
Dirty Price = $923.02322
Finally, we can calculate the invoice price, which is the dirty price multiplied by the par value:
Invoice Price = Dirty Price x Par Value
Invoice Price = $923.02322 x $1,000
Invoice Price = $923,023.22
Lindor and Sons purchased an available-for-sale investment for $800,000. The fair value of that investment is $750,000 at the end of the current fiscal year. The company’s total net income for the year is approximately $2,500,000.
Based on this information, which of the following statements is accurate?
a. The company will recognize an unrealized holding loss.
b. The company will need to report their investment at an amortized cost.
c. The company will be unable to include the unrealized gain or loss in their comprehensive income.
d. The company will not recognize their dividends as revenue.
Answer:
a. The company will recognize an unrealized holding loss.
Explanation:
An unrealised loss is defined as a decline in an asset theta is held by a business. The asset can be held until it's value appreciates to cancel out the unrealised loss. If such an asset is sold, it will now be a realised loss.
The unrealized loss of (800,000-750,000= $50,000) will be recorded in the accumulated other comprehensive income account under the equity section of the balance sheet.
Unrealised loss is also called paper loss because the loss is only recorded on paper and is not yet realised.
The company will recognize an unrealized holding loss because the value of the investment fell below its purchase price. This unrealized loss is accounted for in the income statement and affects the net income of the company.
Explanation:Based on the information given, Lindor and Sons purchased an available-for-sale investment for $800,000 but by the end of the fiscal year the investment's fair value dropped to $750,000. As a result, the accurate statement would be 'a. The company will recognize an unrealized holding loss'.
An unrealized holding loss occurs when a company has an investment that decreases in value but is not yet sold. In this case, all unrealized losses need to be recognized in the income statement, which will indirectly reduce the company's net income.
It's important to note that this is different from an amortized cost, which is used for loans and held-to-maturity investments, not for available-for-sale investments. Also, unrealized gain or loss can be included in comprehensive income according to the Generally Accepted Accounting Principles (GAAP).
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Complete the explanation of how polygenic inheritance could be the basis of a trait showing continuous phenotypic variation.
discrete
homozygous
dominant
additive
homozygous
recessive
continuous
threshold
The variation in weight in a population may be explained by the segregation of 10 genes that control weight in a simple ____________genetic fashion, the distribution will be ____________ from the lowest value (____________ for one allele at all 10 genes to the highest value (____________ for the other allele at all 10 genes).
Answer:
Additive; continuous; homozygous; homozygous.
Explanation:
The variation in weight in a population may be explained by the segregation of 10 genes that control weight in a simple additive genetic fashion, the distribution will be continuous from the lowest value homozygous for one allele at all 10 genes to the highest value homozygous for the other allele at all 10 genes.
Continuous phenotypic variation can be caused by many genes affecting a trait and/or environmental variation.
If the incentive to take advantage of a conflict of interest is high Question 3 options: A) removing the economies of scope that created the conflict may induce higher costs because of the decrease in the flow of reliable information. B) firms will always step in and work to remove the conflict. C) then the government must step in to remove the conflict. D) the costs of non-action in removing the conflict will always be higher than the cost of removing the conflict.
Answer:
The correct answer is letter "D": the costs of non-action in removing the conflict will always be higher than the cost of removing the conflict.
Explanation:
Conflicts of interest arise in organizations when the personal interest of a representative contrasts the interest of the company typically resulting in an unethical action. An example of a conflict of interest is influencing the recruitment of an applicant because the representative knows that person.
In case the cost of conflict is high, even higher will be the cost of non-action in removing the conflict since it will be detrimental for the company's interest over the long run.
Ruth is a self-employed surgeon and is required to take a week of continuing medical education every year to keep her license. This year she paid $2,000 in course fees for her continuing medical education in Honolulu. She also paid $1,500 for airfare and a hotel room and $400 for meals. Ruth may deduct 60% of the medical education fees and travel and 50% of the meals on her Schedule C related to these expenses?
Answer:
The answer is $2340.
Explanation:
The question is incomplete, here is the complete question:
Ruth is a self-employed surgeon and is required to take a week of continuing medical education every year to keep her license. This year she paid $2,000 in course fees for her continuing medical education in Honolulu. She also paid $1,500 for airfare and a hotel room and $400 for meals. Ruth may deduct 60% of the medical education fees and travel and 50% of the meals. What is the total amount she can deduct on her Schedule C?
The question states that she can deduct 60% of the medical education fees which for $2000 comes up to $1200. She can also deduct 60% of her travel expenses which for $1500 comes up to $900. The 50% deduction for the meals at $400 comes up to $240. In total, the amount she can deduct is $2340.
I hope this answer helps.
Final answer:
Ruth can deduct 60% of her medical education fees and travel expenses and 50% of her meals expenses on her Schedule C, totaling $2,300 in deductibles for continuing medical education.
Explanation:
Ruth, a self-employed surgeon, can indeed deduct certain percentages of her expenses for continuing medical education on her Schedule C. According to the information provided, Ruth can deduct 60% of her medical education fees and her travel expenses, and she can deduct 50% of her meals expenses. Calculating these deductions, we find:
Medical education fees: $2,000 x 60% = $1,200
Travel: $1,500 x 60% = $900
Meals: $400 x 50% = $200
Adding these up, Ruth can claim a total of $2,300 in deductions related to her medical education expenses on her Schedule C.
An excerpt from the Fourth Amendment reads: "The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized." Suspecting a Mr. Flammer of running an illegal gambling and loan sharking operation, the FBI obtained a federal search warrant. The FBI entered the residence of Mr. Flammer and searched through various records. Suspecting most of the records were contained on a personal computer, the FBI began attempting to access the computer’s various files. Unable to access the needed files because of password barriers, the FBI installed a system known as a key logger system (KLS). This system was able to determine the keystrokes made on a computer and thus allowed the FBI to discover the password needed to enter the incriminating files. The discovery led to the gathering of evidence linking Mr. Flammer to the suspected illegal operation Question: Were Mr. Flammer’s Fourth Amendment rights violated?
Answer:
No, his Fourth Amendment rights were not violated because the Amendment specifies that "upon probable cause, supported by Oath or affirmation" a person's home, personal property, and documents can be searched and seized by the legal authorities.
In this case, the FBI obtained a federal search warrant before entering Mr. Flammer's house. This federal search warrant is a valid legal document that allowed the FBI officials to seek information in his house, and on his computer. The FBI officials acted in a way that is coherent with the U.S. Constitution.
You recently interviewed a candidate for a position in your sales department. However, another candidate was more qualified. You want to soften the bad news of rejection for the candidate.
What techniques should you use to cushion the bad news? Check all that apply.
A. Say whatever makes you appear as the "good guy."
B. Invite further correspondence.
C. Close with good wishes.
D. Buffer the opening.
You left work on Thursday evening and forgot to turn in a report that was due that day to your manager. You decide you need to compose an apology.
Answer:
B. Invite further correspondence.
C. Close with good wishes.
D. Buffer the opening.
Explanation:
These are all strategies that can be used to soften the bad news of rejection for a candidate that is not going to be hired. When you buffer the opening of your correspondence, you contribute to making the reader feel less negative about the news. Moreover, by inviting further correspondence, you demonstrate that the rejection is nothing personal and should not be taken as such. Finally, by closing with good wishes, you end on a positive note that is reassuring to the candidate.
Answer:
Explanation:
When employers do send out rejections, they tend to be impersonal and non-specific, either through a lack of time or from fearof causing offence. Failing to give feedback is one of the most common mistakes employers make.
The rule of thumb is to make feedback as constructive and personalized as possible. A standard email may be acceptable for candidates rejected prior to the interview process, but more detailed feedback is important for interviewees. So the time they have taken to give an interview is well paid
Saying whatever makes you appear as the "good guy" wont help either as interviewer needs to care about company's brand name.
Buffer the opening with the appreciation and thank you note. When you’re giving constructive criticism to a candidate, whether on the phone or by mail, it’s always a good idea to start off with the positives and give them some compliments before you tackle the areas where they fell down.
Wherever possible, tell them exactly which areas of the interview they could have handled better - most will already have a good idea of where they struggled. Make sure your reasons are concrete, not subjective like “I didn’t feel your personality would fit with the rest of the team”. You also need to avoid any comments that could be misinterpreted, like “I didn’t feel you could handle the workload” that could leave you open to potential charges of discrimination.
To make the feedback process feel less one-sided and more of a conversation, why not ask the candidate to supply their own comments on the interview. This can help head off problems with your recruitment process and gives you the chance to improve your interview technique.
Invite further correspondence.
To make the feedback process feel less one-sided and more of a conversation, why not ask the candidate to supply their own comments on the interview. This can help head off problems with your recruitment process and gives you the chance to improve your interview technique.
If you are likely to consider the candidate for future opportunities, letting them know you’ll keep their details on file will help soften the blow of the rejection.
Close with good wishes.
You can wish them luck for future opportunities as well invite them for future job posts. This is how interviewee will know the company is welcoming and rejecting for right reasons.
"Please do apply again in the future should you see a job posting for which you qualify. Again, thank you for applying. We wish you all the best. "
A customer has submitted a claim to have his cell phone replaced at no charge. However, the customer’s warranty expired 11 months ago, and the phone no longer works because the customer accidentally dropped it in his washing machine. You must write him to deny his claim.
(I) How can you show empathy while breaking the bad news?
a. Provide the customer with a long list of why the company is profitable.
b. Use the reasons-before-refusal plan.
c. Inform the customer that you had the same thing happen to you.
(II) What advice should you follow when preparing a letter refusing credit? Check all that apply.
a. Keep the refusal respectful, sensitive, and upbeat.
b. Disclose all reasons for the refusal.
c. Reveal the refusal in the first sentence.
d. Provide alternatives that encourage the customer to continue business with you.
Answer:
(I)
b. Use the reasons-before-refusal plan.
(II)
a. Keep the refusal respectful, sensitive, and upbeat.
b. Disclose all reasons for the refusal.
d. Provide alternatives that encourage the customer to continue business with you.
Explanation:
In the first case, the best strategy to adopt is that of presenting the "reasons-before-refusal" plan. This means that before conveying a negative message to the client, you explain the reasons of why this message necessarily has to be like that. By reading the reasons first, the customer will be more likely to agree with your assessment of the situation.In the second example, these are all strategies that you can use to ensure that the letter you are writing is kind and appropriate. In this letter, it is important to be respectful, sensitive and upbeat in order for the customer to know that you are taking his claim seriously. Moreover, you should be able to disclose all the reasons for the refusal so that the person is well-informed of the situation. Finally, you should be able to provide alternatives to the customer, as this might allow him to continue having business with you.Hoosier Manufacturing operates a production shop that is designed to have the lowest unit production cost at an output rate of 195 units per hour. In the month of July, the company operated the production line for a total of 365 hours and produced 45,400 units of output. What was its capacity utilization rate for the month
Answer:
124.38%
Explanation:
capacity utilization rate is the rate at which productive capacity or output is being utilized. It is denoted by the equation:
Capacity utilization = [actual output/ potential output] %
= (45,400/365) %
=124.38%
5. Describe a firm you think has been highly innovative. Which of the four types of innovation—radical, incremental, disruptive, or architectural—did it use? Did the firm use different types over time?
Answer:
Apple is the most innovative brand on the face of this earth. It has created iPhone, Mac-book, iPod, iTunes etc. Steve Jobs made it one of the most innovative brand in the world, when he was alive Apple was using disruptive innovation, they were creating totally new and innovative products which the world had never seen before. The way they changed the cell phone industry was simply phenomenal. They came up with iPhone when there was no concept of doing all of your computing works on the phone. But after Steve Jobs, company has almost lost its innovative charm, they could not come up with a disruptive innovation, they have just kept on changing the size, price and features of their iPhone which means they are involved in incremental innovation since after the death of Steve Jobs.
Apple Inc has demonstrated radical innovation with the creation of the first iPhone, and disruptive innovation with the introduction of the Apple Store.
Over time, Apple also used incremental and architectural innovations to maintain a balance of exploring and exploiting ideas.
Explanation:One firm that I believe demonstrates high levels of innovation is Apple Inc. Over the years, Apple has exemplified multiple types of innovation, but notably, they have made significant strides through radical and disruptive innovation.
Radical innovation was evident in the creation of the first iPhone in 2007. This completely transformed the notion of cell phones and made a significant leap in technological progress.
The iPhone integrated an internet communicator, a mobile phone, and a music player into one device, something unprecedented at the time.
Disruptive innovation was observed when Apple introduced the Apple Store.
This step disrupted the traditional software distribution channels and enabled developers to directly distribute their applications to users.
Consumers benefited from a variety of high-quality applications, altering market dynamics.
Over time, Apple has also used incremental and architectural innovations, ensuring a balance between exploring new ideas and exploiting existing ones.
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Hughes Company manufactures harmonicas which it sells for $ 23 each. Variable costs for each unit are $ 10 and total fixed costs are $ 7 comma 900. How many units must be sold to earn income of $ 2 comma 500?
Answer:
800 units
Explanation:
The net income earned is the difference between the total sales and the total cost. The total cost is the sum of the fixed and variable cost. The sales and variable cost are dependent on the level of activities or number of units produced and sold.
The difference between the sales and variable cost gives the contribution margin.
In light of the above,
let the number of units to be sold to achieve targeted income be x
Total sales = $23x
Total variable cost = 10x
2,500 = 23x - 10x - 7,900
13x = 7900 + 2500
13x = 10,400
x = 800 units
A.Net income was $480,000.
B.Issued common stock for $77,000 cash.
C.Paid cash dividend of $14,000.
D.Paid $105,000 cash to settle a note payable at its $105,000 maturity value.
E.Paid $116,000 cash to acquire its treasury stock
Use the above information to determine this company's cash flows from financing activities. (Amounts to be deducted should be indicated with a minus sign. Omit the "$" sign in your response.)
Statement of Cash Flows
Cash flows from financing activities
$ ...... ......
....... ....
......... .....
....... ........
Net cash financing activities $......
Answer:
(-$158,000)
Explanation:
Given that,
Net income = $480,000.
Issued common stock for cash = $77,000
Paid cash dividend = $14,000.
Cash paid to settle a notes payable = $105,000
Cash paid to acquire its treasury stock = $116,000
Net cash flows from financing activities:
= Common stock issuance - Cash dividends paid - Payment of note payable - Purchase of treasury stock
= $77,000 - $14,000 - $105,000 - $116,000
= (-$158,000)
________ is a trade pact among Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua, which began in the early 1960s but collapsed in 1969 due to war.
Answer: Central American Common Market ( CACM) or in Spanish Mercado Comun Centroamericano (MCCA)
Explanation: The Central American Common Market was established in December 1960 comprising of Guatemala, Honduras, El Salvador and Nicaragua and later joined by Costa Rica in July 1962 was established by the general Treaty on Central American Intergretaion with its headquaters based in Guatemala city to foster free trade and economic integration by member states.
It's was established or formed as a need for member countries to respond and cooperate with each other thereby attracting industrial capital and also diversifying their economies to promote regional trade among all member states.
When using project management software, estimates of work time should be entered only at the work package level; the rest of the WBS items are just groupings or _____ tasks.
Answer:Summary task
Explanation:
The predetermined overhead rate is $50 per machine-hour, under-applied overhead is $5,000, and the actual amount of machine-hours is 2,000. What is the actual amount of total manufacturing overhead incurred during the period?
Solution:
Actual machine hours = 2,000 machine hours
Per-determined overhead rate = $50 per machine hour
Applied manufacturing overhead = Actual machine hour multiply with Predetermined overhead rate
= $50 multiply with 2,000 machine hours = $100,000
Underapplied overhead = $5,000
Thus, in order to calculate manufacturing overhead cost that has been incurred, the following costs will be added
Actual manufacturing overhead incurred = Applied manufacturing overhead + Underapplied overhead = $100,000 + $5,000 = $105,000
Hence, Answer is A.$105,000
The two most common forms of representative participation are ________ and board representatives. employee unions work councils self-regulatory organization task teams quality circles
Answer:
The correct answer is B) work councils.
Explanation:
The work councils are responsible for energizing the internal functioning of organizations and are a meeting point where professionals from functional areas of companies share, discuss and agree on proposals that reverse business and sector improvement.
Nelson's Landscaping has 1,200 bonds outstanding that are selling for $990 each. The company also has 2,500 shares of preferred stock at a market price of $28 a share. The common stock is priced at $37 a share and there are 28,000 shares outstanding. What is the weight of the common stock as it relates to the firm's weighted average cost of capital?
Answer:
Weight of the common stock = 45%
Explanation:
WACC is the average cost of a company long-term sources of finance. Each source is weighted according to the proportion of its market value to the total market value of the pool of funds.
To calculate the weighted of the common stock , we will follow the steps
below:
Step 1
Calculate the total market value of all the sources of fund
Market value of common stock
Bonds = $990 × 1,200 = $ 1,188,000
Preferred Stock = $28 × 2500 =$70,000
Common stock = $37 × 28,000 =$1,036,000
Total market value = 1,188,000+ 70,000 + 1,036,000
$2,294,000.00
Step 2
Calculate the weight of common stock
Weight of the common stock = ($1,036,000/ $2,294,000.00 ) × 100
= 45%
Weight of the common stock = 45%
Suppose your company imports computer motherboards from Singapore. The exchange rate is currently 1.2871 S$/US$. You have just placed an order for 34,000 motherboards at a cost to you of 233.50 Singapore dollars each. You will pay for the shipment when it arrives in 90 days. You can sell the motherboards for $194 each.
What is your profit at the current exchange rate? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer:
Explanation:
the value of 1 Singapore dollar = 1/1.2871 = US$0.776940409 this is called direct quotation
or
Value of US$1 = 1.2871 this is called direct quotation
In the question we have indirect quotation
First we need to calculate Singapore dollar For purchases = 34000*233.5
= 7939000
Sale proceeds in US$ =34000*194 = $US 6596000
Using the direct quotation method to convered the USD in to Sigapore $
$1usd = 1.2871
Sale proceeds in Singapore dollar =6596000*1.2871 = 8489711.6
Using the indirect quotation method to convered the USD in to Sigapore $
6596000/0.77694 =8489711.6 indirect Calculation
Gain = Sale - purchase =7939000-8489711.6
Gain =550711.6
After preparing and posting the closing entries for revenues and expenses, the income summary account has a debit balance of $36,000. The entry to close the income summary account will be: Multiple Choice Credit Retained earnings $36,000; debit Dividends $36,000. Debit Income Summary $36,000; credit Dividends $36,000. Debit Retained earnings $36,000; credit Income Summary $36,000. Debit Dividends $36,000; credit Income Summary $36,000. Debit Income Summary $36,000; credit Retained earnings $36,000.
Answer:
Debit Retained earnings $36,000; credit Income Summary $36,000
Explanation:
The income statement has its last line as the net income/loss for the period. The income summary account is closed into the retained earnings.
The expense in the income statement is closed by crediting the account and debiting the income summary. For revenue, the account is debited and the income summary is credited.
Hence where the income summary account has a debit balance of $36,000, the entries to close it will be Debit Retained earnings $36,000; credit Income Summary $36,000
Some large hardware stores, such as Home Depot, boast of carrying as many as 20,000 different products in each store. This volume of goods is the result of a. The purchasing agents of Home Depot who have determined what goods producers have available. the purchasing agents of Home Depot who have b. Determined what goods consumers want. the choice of consumers regarding what to purchase to satisfy their wants and the choice of producers regarding c. What to produce to maximize profits. the choice of consumers regarding what to purchase to satisfy their wants and the choice of producers regarding what d. To produce to satisfy their wants.
Answer:
C. The choice of consumers regarding what to purchase to satisfy their wants and the choice of producers regarding what to produce to maximize profits.
Explanation:
The extremely large amount of products that large hardware stores, such as Office Depot, carry, are most likely a consequence of the combination of these factors. On the one hand, the customers who go to this stores have a particular want, and their purchases are intended to satisfy these wants. On the other hand, the producers also have to make a choice, and they generally chose the products that are most likely to maximize their profits.
Patagonia’s products are produced under safe, fair, legal, and humane working conditions throughout the supply chain. Patagonia also donates at least 1% of profits to support environmental causes.
Patagonia is an example of a corporation using what?
Answer:
Corporate social responsibility
Explanation:
Patagonia is an example of a corporation using corporate social responsibility. It is a management concept whereby Patagonia integrate social (safe, fair, legal) and environmental concerns in their business operations and interactions with their stakeholders (investors, employees, customers, suppliers and host communities). Corporate social responsibility enables Patagonia to give back and improve the community where they operates, and help find solutions to their everyday issues.
c. Patagonia's practices of ensuring safe, fair, and humane production conditions and donating to environmental causes are examples of corporate social responsibility (CSR).
CSR is a business strategy that aims to contribute to societal goals by engaging in ethical practices and initiatives that go beyond the interests of the company and the law. Many companies, like Patagonia, implement CSR to enhance their brand image and appeal to socially conscious consumers. Examples of CSR practices include eco-friendly production, charitable donations, and community engagement. Companies such as Seventh Generation, Numi Organic Tea, and Allbirds also exemplify sustainable and ethical business practices.Complete question
Patagonia's products are produced under safe, fair, legal, and humane working conditions throughout the supply chain. Patagonia also donates at least 1% of profits to support environmental causes.
Patagonia is an example of a corporation using
a. a political strategy
b. a pricing strategies
c. a corporate social responsibility
A stock has a beta of 1.24, the expected return on the market is 11.8 percent, and the risk-free rate is 4.55 percent. What must the expected return on this stock be? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Expected return %
Answer:
The expected return on this stock must be 13.54%
Explanation:
We use the Capital asset pricing model to calculate the expected return on the stock.
ERi = Rf +βi (ERm − Rf )
Where,
ERi = Expected return on investment
Rf = Risk-free rate = 4.55%
βi = Beta of the investment = 1.24
ERm = Expected return on the market = 11.8%
ERi = Rf +βi (ERm − Rf )
ERi = 4.55 + 1.24 ( 11.8% - 4.55% )
ERi = 13.54%
Value-stream mapping_____________.a. is a variation of time-function mapping.b. examines the supply chain to determine where value is added.c. extends time function mapping back to the supplier.d. starts with the customer and works backwards.e. All of these are true.
Answer: E). All of these are true.
Explanation:
Value-stream mapping is a variation of time-function mapping that examines the supply chain to determine where value is added. It extends time function mapping back to the supplier. However, it does not necessarily start with the customer and work backward.
Explanation:Value-stream mapping is a tool used primarily in lean manufacturing to analyze the current state and design the future state for a series of events that take a product from its beginning through to the customer. Statements a, b and c accurately describe components of value-stream mapping. Specifically, it is a variation of time-function mapping (a), which means it provides a visual representation of the process flow analyzed over time. It indeed examines the supply chain to identify where value is added (b) and maps out all actions (value-added and non-value added) necessary to bring a product from raw material into the hands of the customer, hence extending time-function mapping back to the supplier (c). While the process indeed aims to consider the customer's value perception, it traditionally does not start with the customer and works backwards (d). So, statement e is not fully correct: Value-stream mapping does include elements of a, b and c but not necessarily d.
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b. An economy produces only two goods, hot dogs and hamburgers. Both goods are produced efficiently. If a discovery is made of the remarkable health benefits of hot dogs were to change consumers’ preferences, i. Use the productions possibilities frontier to explain what would happen.
Answer:
This will result in move of the economy along the production possibilities frontier.
Explanation:
The production possibility frontier shows the various combinations of resources that can be used to produce two goods in an economy.
For example if hot dogs and hamburgers can be produced and if resources are used equally between them we can get 5:5 ratio of hotdogs to hamburgers.
If a discovery is made of the remarkable health benefits of hot dogs and there is change in consumer preferences, more of available resources will be used to produce hotdogs and less will be dedicated to hamburger production. The ratio of hotdogs to hamburgers may now be 8:2.
Below is an illustration of movement along the production possibility frontier.
The statement of cash flowsa. summarizes the operating, financing, and investing activities of an entity.b. is another name for the income statement.c. is a special section of the income statement.d. must be prepared on a daily basis.
Answer:
a. summarizes the operating, financing, and investing activities of an entity
Explanation:
The statement cash flows is a part of the financial statement that shows how much cash was generated or used by the company in its operating, investing and financing activities.
It shows the movement between the opening cash balance and the cash balance at the end of the period as a result of the operating, investing and financing activities of the company.
Answer:
a. summarizes the operating, financing, and investing activities of an entity
Explanation:
The Cash flow statement is a statement that gives a summary of an organisation'scash reciepts and payments as it relates to the organisation's operating, investing and financing activities for a given period of time usually a year.
Most if not all organisations that prepare financial statements are required to prepare the cash flow statement for their activities.
Operating activites affects profits and losses, financing activities show cash flow regarding capital and gearing of the business and the investing activiites has to do with buying of assets or investing in the acquisition of non-current assets.