Answer:
financial information system :)
Explanation:
Answer:
A financial information system
Explanation:
A financial information system is used to collect, accumulate and analyse financial data as related to a business or a project. a Financial information system informs the business manager on how to plan and run a business efficiently.
A financial information system helps in the forecasting of business decisions and its potential outcomes. a financial information system is usually carried out by financial experts/managers and the outcome is implemented to ensure business success. it is stored electronically because the best way to keep hold of documents like this is to store them electronically.
Henry Crouch's law office has traditionally ordered ink refills 6565 units at a time. The firm estimates that carrying cost is 4040% of the $99 unit cost and that annual demand is about 240240 units per year. The assumptions of the basic EOQ model are thought to apply. For what value of ordering cost would its action be optimal? a) For what value of ordering cost would its action be optimal? Its action would be optimal given an ordering cost of $nothing per order (round your response to two decimal places). b) If the true ordering cost turns out to be much greatergreater than your answer to part (a), what is the impact on the firm's ordering policy? A. The order quantity should be increasedincreased. B. The order quantity should be decreaseddecreased. C. The order quantity should not be changed.
Answer:
im saying B just so I can get the points for answering
Sara is the team leader for the remote coding project team at her hospital. Sara reports to the chief financial officer (CFO). The CFO reports the remote coding team's progress to the board of trustees and maintains overall responsibility for the project. The CFO holds what team role?
Please help!!! I need the answer today! Explain how inflation can be built into the system
Answer:
inflation cause an increase in the overall price level within an economy. Demand-pull inflation occurs when aggregate demand for goods and services in an economy rises more rapidly than an economy's productive capacity. ... Rising energy prices caused the cost of producing and transporting goods to rise.
You currently have $7,500 to invest. You can invest the full amount now for a period of 9 years at which time you want to have $15,000. Approximately what rate of return is needed to accomplish this investment goal? 8.01% 7.59% 9.65% 8.50%
the approximate rate of return that is needed to accomplish the investment goal is 8.50%
Which of the following situations suggests the acceptance of an investment proposal? A. The cash inflows are lesser than the initial investment. B. The IRR is lower than the hurdle rate. C. The investment will have a residual value. D. The present value of the net cash inflows exceeds the initial investment.
Your question asks which situation suggests the acceptance of an investment proposal.
Answer: D). The present value of the net cash inflows exceeds the initial investmentThe reason why "D). The present value of the net cash inflows exceeds the initial investment" would be the correct answer is because this would show investors that they should invest in a group or company.
An investment proposal is a way of "motivating" / "attract" / or "persuade" investors to invest in a company. When investors look for businesses to invest in, they want to see that the business will make more than what they invested in. And answer choice "D" clearly shows that.
When it says "The present value of the net cash inflows exceeds the initial investment", it means that the net cash flow that the business is receiving is exceeding, or higher, than the investment that was put, meaning that the people who invested in it will make profit off of the investment. And that's what investors want, profit or a surplus that is higher than the price they've invested for.
I hope this helps!Best regards,MasterInvestorElite Coffee and Bakery, a café that offers a relaxing environment to enjoy quality coffees, teas, soups, and other menu items, has a poster in the front of its restaurants that reads, "We will always provide a quality product to help our customers better meet the challenges of their day and always take the time to offer caring service one person at a time." This statement is Elite's
Answer:
The answer is a mission statement.
Explanation:
A mission statement usually states what a company aims to achieve – what its main goal for existing is. It is commonplace for corporations of any types and size to have this, since it helps the company both in their strategy-making and operational executions. It also helps the company in determining the type of products and services that they would choose to focus on. A mission statement should be clear and realistic, and achievable in the long run.
Which of the following statements describes a scenario when management should consider dropping a business division? A. The division's avoidable fixed costs are greater than its contribution margin. B. The division's avoidable fixed costs are less than its contribution margin. C. The division's unavoidable fixed costs are greater than its operating loss. D. The division has been reporting an operating loss consistently.
Answer:
The correct answer would be option D, The division has been reporting an operating loss consistently.
Explanation:
A company will make profit only when the cost it incurred on the manufacturing of the product is less than the amount the sales of that product generates. So when a company opens a new division, it hopes to cover its expenses from the manufacturing of the product in that new division, but when consistently the division has been reporting the operating loss, then the company can think of dropping that business division, because company can bear new division expenses for an estimated period of time, but when the progress of the division is consistently down, the management can think of dropping off that division.
Determine whether or not traditional financial and management evaluation ratios such as return on assets (ROA), return on equity (ROE), economic value added (EVA), and market value added (MVA) apply to nonprofits. Support your response with at least two (2) examples of these instances.
Assume that Fey Company reports the following initial balance and subsequent purchase of inventory. Inventory balance at beginning of year 1,200 units @ $60 each $ 72,000 Inventory purchased during the year 1,800 units @ $90 each 162,000 Cost of goods available for sale during the year 3,000 units $234,000 Assume that 1,900 units are sold during the year. What amount is reported for cost of goods sold using the LIFO method?
Answer: 15,000
Explanation:
15000 amount is reported for cost of goods sold using the LIFO method.
What is LIFO method?LIFO is a method used to account for inventory. Under LIFO, the cost of the most recent products purchased are the first to be expensed. LIFO is used only in the United States and governed by the generally accepted accounting principles (GAAP).
The LIFO method is used in the Cost of Goods Sold calculation when the costs of producing a product or acquiring inventory has been increasing. This may be due to inflation.
LIFO is the opposite of FIFO. Instead of the oldest inventory being considered as sold first, the newest product is sold first. While the factory analogy works for the FIFO, consider a bakery.
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A decision involving a choice between internal and external production is what kind of decision?a. sell-or-process-furtherb. make-or-buyc. keep-or-dropd. relevante. special-order
Answer is:
make-or-buy( b.)
Liquidity Management. Bauman Company's total current assets, total current liabilities, and inventory for each of the past four years. Current assets 2012: $16,950. 2013: $21,900. 2014: $22,500. 2015: $27,000. Total current liabilities 2012: $9,000. 2013: $12,600 2014: $12,600. 2015 $: 17,400. Inventory 2012: $6,000. 2013: $ 6,900. 2014: $ 6,900. 2015: $ 7,200. A. Calculate the firm's current and quick ratios for each year. Compare the resulting time series for these measures of liquidity. B. Comment on the firm's liquidity over the 2012-2013 period. C. If you were told that Bauman Company's inventory turnover for each year in the 2012-2015 period and the industry averages were as follows, would this information support or conflict with your evaluation in part B? Why? Inventory turnover: 2012 Bauman company 6.3. 2013. 6.8. 2014 7.0. 2015 6.4. Industry average: 2012. 10.6. 2013: 11.2. 2014 10.8. 2015 11.0
The current and quick ratios for Bauman Company generally increased over the 2012-2015 period, indicating improved liquidity. However, the company's inventory turnover is consistently lower than the industry average, suggesting less efficiency in managing inventory.
Explanation:The current ratio is a measure calculated by dividing a company's current assets by its current liabilities. It indicates a company's ability to meet its short term obligations. The quick ratio is similar but subtracts inventory from current assets before dividing by current liabilities, as inventory may not be quickly converted into cash.
For Bauman Company, we can calculate the ratios as follows:
Current Ratio 2012 = 16950/9000 = 1.88Quick Ratio 2012 = (16950-6000)/9000 = 1.22
Repeating these calculations for each year and examining the results, we find an overall increase in both ratios over time.
Looking at the inventory turnover (COGS/Inventory), Bauman's seems relatively consistent, yet it's below the industry average, indicating less efficiency in managing inventory.
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You are looking at a one-year loan of $16,500. The interest rate is quoted as 8.7 percent plus two points. A point on a loan is 1 percent (one percentage point) of the loan amount. Quotes similar to this one are common with home mortgages. The interest rate quotation in this example requires the borrower to pay two points to the lender up front and repay the loan later with 8.7 percent interest. What rate would you actually be paying here?
Answer:
10.7%
Explanation:
2% of the loan value added to the 8.7% of the loan value that you're paying in interest is ...
2% + 8.7% = 10.7%
The effective rate for this 1-year loan is 10.7%.
The actual interest rate paid on a loan of $16,500 at 8.7% interest plus two points is higher than the quoted rate, as the points add an upfront cost to the loan that increases the effective interest rate. To determine the true rate, one must include the cost of the points in the total cost of borrowing.
To calculate the actual interest rate you're paying with the points included, you'd add the upfront cost of the points to the total interest paid over the life of the loan, and then calculate the rate based on the initial loan amount. In this case, if only the quoted interest rate is considered, you'd pay 8.7 percent of $16,500, which is $1,435.50 in interest, over one year. However, including the points, the total cost is $1,435.50 + $330 for a total of $1,765.50. Divide this by the loan amount ($16,500) to get the rate in decimal form and then multiply by 100 to get the percentage. This provides the effective annual interest rate which will be higher than the quoted rate due to the points.
Alma sells her car to Ervin. Since she still has four months left on her automobile insurance policy, she tells Ervin he will be covered for this four-month period under the policy. This purported assignment of her policy is effective as long as she notifies her insurance company about the change of insureds.(T/F)
Answer:
False would be your answer :)
Your company is producing a phone with a new video feature. You need to review design specifications with the production company overseas. You don’t want other companies to know about the new video feature before the product hits the market. Why is it important to send a business letter in this situation?
Answer: Because it is a private issue that concers only to the company and has to be handled with care, besides, other companies don't have to know about the specifications review.
Explanation: According to Ricks and Gow, “The primary purposes of business letters are to inform, instruct, request, inquire, remit, order, advice, correct and to question.” The basic purpose of any business letter is to convey information regarding business activities.
Answer:
a) Business letters can be confidential.
Explanation:
Your company is producing a phone with a new video feature. You need to review design specifications with the production company overseas. You don’t want other companies to know about the new video feature before the product hits the market. 3.Why is it important to send a business letter in this situation? a) Business letters can be confidential. b) Business letters are less persuasive than e-mails. c)Business letters are more likely to be misdirected than e-mails.
Letters are written proof that you have a product that is sensible and is under protection of intellectual property if you haev any problems with the disclosure of the creation of this new technology you have written proof that you knew this was the case and your producer had that information as well, while at the same time business letters can not be hacked an are more confidential than e-mails.
Which of the following is true of middle managers? They establish long-term organizational goals. They are responsible for the performance of all departments. They make specific decisions about the production of goods and services. They are often called supervisors. They are responsible for daily supervision of the nonmanagerial employees.
Answer:
So I just got my first job about 1 month ago they thing about middle managers is that they are about to be managers but their not. and a supervisor is a person the you go to if your sick you want a day off.
Immediately after a hurricane, it is likely that the quantity demanded for tree cutting/removal services will ______ the quantity supplied, causing the price of tree cutting/removal services to ______ . a. exceed; rise. b. equal; remain unchanged. c. decrease; fall. d. be less than; rise.
Answer:
Immediately after a hurricane, it is likely that the quantity demanded for tree cutting/removal services will "Remain" the quantity supplied, causing the price of tree cutting/removal services to ''Rise''
Explanation:
The quantity sought for tree cutting or removal services is likely to exceed the amount supplied immediately following a hurricane, leading the price of tree cutting/removal services to rise. Option A is correct.
What is quantity demanded?Quantity demanded in economics corresponds to the overall amount of an item or service that people require over a specific interval of time. The quantity requested is controlled by the market price of an item or service.
The quantity demanded means the whole amount of products and services that consumers necessitate or desire and are willing to pay for, during a certain time period.
The price customers are charged for a commodity or service, regardless of whether it is the market equilibrium price, is the most necessary aspect in a demand curve.
Therefore, A is the correct option.
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When projecting future cash flows of an investment ________. A. the initial investment is a significant cash outflow that is treated separately from all other cash flows B. cash flows include depreciation C. cash inflows and outflows are treated separately, rather than being netted together D. cash flows are projected by accounting personnel without considering input from other departments
A decision in which a manager needs to determine whether a product line (or segment) should continue or be eliminated is what kind of decision?a. make-or-buyb. relevantc. special-orderd. sell-or-process-furthere. keep-or-drop
Answer:
Sell or Process Further
Explanation:
Another well known website that gives answers gave me that one.
The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 40,000 shares were originally issued and 5,000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $3-per-share dividend is declared?
Answer:
take 40,000 - 5,000 = 35,000
then take 35,000 x 3 = $ 105,000
Explanation:
Which of the following statements is true of the methods for allocating joint costs? The sales value at splitoff method allocates joint costs to each product in proportion to the sales value of total production. The sales value at splitoff method always results in the same gross-margin percentage for all products. The net realizable value method uses the sales value of the units sold during the accounting period to allocate joint costs. The net realizable value method results in the same joint production cost per unit for all products.
Answer:
nothing
Explanation:
Final answer:
The sales value at splitoff method allocates joint costs based on proportionate sales value at splitoff, but does not guarantee uniform gross-margin percentages. The net realizable value method allocates costs based on estimated final sales value minus additional costs, without equalizing production cost per unit across products.
Explanation:
The subject of this question is the methods for allocating joint costs in a production process where multiple products are produced simultaneously. The sales value at splitoff method allocates joint costs to products based on the proportion of their sales value at the point of separation. However, this method does not always result in the same gross-margin percentage for all products, as the sales value may differ significantly among them. On the other hand, the net realizable value method does not use the sales value of the units sold during the accounting period to allocate joint costs but rather the estimated final sales value minus any additional costs required to make the sale. Moreover, this method does not lead to the same joint production cost per unit for all products, as the final net realizable value can vary for different products.
A company that has a marketing strategy driven by a social marketing concept would most likely promote its _____ in its marketing messages.
a frequent sales
b superiority over the competition
c sustainability efforts
d role as a trendsetter
Answer: A company that has a marketing strategy driven by a social marketing concept would most likely promote its sustainability efforts in its marketing messages.
Explanation:
C. sustainability efforts
Suppose Farmer Lane grows and sells cotton in a perfectly competitive industry. The market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. Assume Farmer Lane is currently earning a profit. Can Farmer Lane do anything to increase his profit in the short run? Farmer Lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.
Farmer Lane is currently earning a profit. Farmer Lane does anything to increase his profit in the short run by increasing his profit by producing more output. The correct option is D.
How can perfect competition maximize profit?A perfectly competitive firm maximizes profits at the intersection of its total cost and total revenue curves. The difference between total revenues and total costs is referred to as economic profit.
In the long run, there are no economic profits in a perfectly competitive market because the drivers of profits eventually cease to exist.
A perfectly competitive firm can sell as much as it wants as long as it accepts the market price. If a company increases the number of units sold at a given price, total revenue will rise. If the product's price rises with each unit sold, total revenue rises as well.
Thus, the ideal selection is option D.
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Final answer:
Farmer Lane can increase his profit by producing more output in the short run because his marginal cost of production is currently below the market price.
Explanation:
The student's question revolves around whether Farmer Lane can increase profits in the short run given that he operates in a perfectly competitive market, with a current market price for cotton at $1.64 per kilogram and a marginal cost of $1.44 per kilogram. Since the marginal cost is less than the market price, Farmer Lane can increase profit by producing more output up until the point where marginal cost equals the market price. Therefore, the correct answer is (d) can increase his profit by producing more output.
In a perfectly competitive market, firms are price takers and cannot increase profit by raising prices, so option (c) is invalid. Farmer Lane would not benefit from shutting down, as he is currently making a profit, which eliminates option (e). Without further information, we cannot determine if there are alternative strategies for profit maximization besides increasing output, which discounts option (b). Finally, since profits can still be raised by increasing production while marginal cost is below market price, option (a) is also not correct.
In a sample of Starbucks customers it was found that the number of individual items bought per month at starbucks was 22 with a standard deviation of 20. Assume the date to be approximately bell shaped. Approximately 95% of the time, the number of montly items purchased was between two values A and B. What is the value of b?
Answer:yes
Explanation:
What is the main difference between ballon mortgage and arm
Answer:
A balloon mortgage is a type of a loan that requires the borrower to make the payment as a lump-sum at the maturity period while under the ARM the borrower is allowed to choose the small periodic payments suitable for both the lender and the borrower.
ARM is the abbreviation for Adjustable Rate Mortgage. therefore the loan repayment changes according to agreement between the lender and the borrower.
Explanation:
Mortgages is a legal document between the lender and the borrower. Lender can be a bank or a financial institution which takes the borrower's property as a collateral and charge a percentage of interest on the money. A Balloon mortgage is a loan in which the borrower has to pay the lump sum amount to fulfill repayment. Balloon loans are short term duration loans. These are interest only installment payments. ARM Mortgage is the Adjustable Rate mortgage in which the percentage of interest is adjusted periodically on the basis of index
You, Student B. Success have been hired to start on February 1, 2017, as the new accounting clerk. Your employee number is B-XXXXX, where “B” denotes that you are an office worker and “XXXXX” is the first five letters of your last name. Your Social Security number is 555-55-5555, and you are full-time, nonexempt, and paid at a rate of $34,000 per year. You have elected to contribute 2% of your gross pay to your 401(k). Complete the W-4 and the I-9 to start your own employee file. You are single with only one job (claiming two exemptions). You live at 1644 Smitten Road, Woodstock, VT 05001. Your phone number is (555) 555-5555. Your date of birth is 01/01/1991. You are a citizen of the United States and provide a Vermont driver's license #88110009 expiring 1/1/2020 in addition to your Social Security card for verification of your identity.
what is the question actually asking?
Assume the following property and equipment footnote was obtained from the Deere & Company's 2016 10-K. Property and Depreciation A summary of property and equipment at October 31 follows: ($ millions) Average Useful Lives (Years) 2016 2015 Equipment Operations Land $79 $75 Buildings and building equipment 25 1,490 1,419 Machinery and equipment 10 2,961 2,870 Dies, patterns, tools, etc 7 1,039 987 All other 5 589 571 Construction in progress 232 156 Total at cost 6,390 6,078 Less accumulated depreciation 4,113 3,966 Total $2,277 $2,112 During 2016, the company reported $636.5 million of depreciation expense (this expense also includes amortization expense relating to computer software that is included with property and equipment). Estimate the percent used up of Deere's depreciable assets.
Final answer:
The percent used up of Deere's depreciable assets in 2016 was 64.47%.
Explanation:
To estimate the percent used up of Deere & Company's depreciable assets, we need to calculate the accumulated depreciation as a percentage of the total cost of assets. In 2016, the total cost of assets was $6,390 million, and the accumulated depreciation was $4,113 million. So, the percent used up of depreciable assets can be calculated as:
Percent used up = (Accumulated depreciation / Total cost of assets) x 100
= (4,113 / 6,390) x 100
= 64.47%
Which of the following are money market instruments? Check all that apply. Common stocks Treasury bills Certificates of deposit Corporate bonds Preferred stocks
Answer: No one of the options but Commercial paper
Explanation: Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts payable and inventories and meeting short-term liabilities. Maturities on commercial paper rarely range longer than 270 days.
Money Market Instruments are financial instruments that are highly liquid and safe for short-term and long-term investments. These securities are either issued by government organizations or by financial institutions.
What are Money Market Instruments?
Treasury Bills are defined as the short-term US government debt obligation, which has the maturity of one year or less and is backed by the Treasury Department. A certificate of Deposit or CD is a simple saving vehicle offered by credit unions or banks. Corporate bonds are defined as the bonds issued by a corporation to raise the financing on operations, market, and research, and to expand the business.
Thus, the treasury bills, corporate bonds, and certificates of deposits are money market instruments.
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Last year Jack Company had a net income of $270,000, income tax of $50,000, and an interest expense of $20,000. The company's times interest earned was closest to:A. 17.00B. 10.00C. 13.50D. 14.50
Answer:B
Explanation:
I guessed
Imagine that a high school junior sold her old car at the end of the summer and now has the funds from the sale in her bank. She decides to purchase a much needed new automobile instead of saving that money to pay for her senior trip coming up next year. From an economist’s perspective, which of the following statements about this decision is likely to be true?a) The decision must have been made haphazardly and is therefore irrational.b) The decision is irrational because anyone can see that choosing a new automobile over a once in a lifetime senior trip is an improper use of scarce resources.c) The decision is rational in the sense that it reflects the junior's preference for a new automobile over a senior trip.
C. is the correct answer. The high school student has the right to choose either the car or the trip, and she decided the car was more valuable.
c) The decision is rational in the sense that it reflects the junior's preference for a new automobile over a senior trip statements about this decision is likely to be true.
What's a good car for a senior citizen?Safety is a key concern for any driver, but especially for older adults, who tend to be more fragile and prone to injuries. The Insurance Institute for Highway Safety (IIHS) says that in 2020, the Kia Forte, Hyundai Sonata, Toyota Camry, Subaru Legacy, and Acura RDX are some of the safest cars to drive.
What is the most comfortable and reliable car?The best of reliable cars, the 2021 Honda Accord
Starting at $24,770, the Accord offers a lot of tech and features for the price. Keep everyone cool with dual-zone climate control, and don't worry about long drives due to the solid fuel economy. The Accord is a comfortable car that isn't going to disappoint.
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Under the Securities Act of 1933, which of the following would MOST LIKELY be included in the definition of an underwriter? a. An agent b. A broker-dealer c. An investment adviser representative d. An issuer
Under the Securities Act of 1933, A broker-dealer would MOST LIKELY be included in the definition of an underwriter.