Candle Shop, Inc. has net sales on account of $1,700,000. The average net accounts receivable are $630,000. Calculate the days' sales in receivables. (Use 365 days for any calculations. Round any intermediate calculations and your final answer to two decimal places.) 328.50 days 365.00 days 135.19 days 2.70 days

Answer:

A. Loyalty

Explanation:

Brand Equity is the term used to describe the identity of a specific brand that has been built to be recognized and followed by its customers with loyalty.

Loyalty related to Brand Equity is the main factor in placing product quality and image as one of the company's marketing strategies. This is because it makes the consumer "fall in love" with the product offered, refusing to exchange it for similar ones, but who do not have the same identity. An example of this can be seen in the question above, where Albert and Alberta refuse to stay at a gym that does not offer their favorite drink. Because of this, they prefer to leave this gym and look for one that provides the drink they want.

Answer:

The correct answer is letter "A": Loyalty.

Explanation:

American doctor and University of Florida Professor J. Robert Cade (1927-2007) and his research team created energy drink Gatorade in 1965 after observing Gator football players getting sick during Florida heats.  

As Albert and Alberta love the University of Florida they are likely to be identified with any iconic item from that University. Thus, if they usually drink Gatorade it will be difficult for them to accept any other rehydration drink other than Gatorade. By changing gym memberships just because in their current gym they do not offer Gatorade they are showing loyalty to the University of Florida.

Explanation:

The journal entries are as follows

a. Unrealized Holding Gain or Loss Dr $1,310

                      To Fair value Adjustment  $1,310

(Being the unrealized gain or loss is recorded)

2. Cash $9,410

   Loss on Sale of Investment  $490     ($9,900 - $9,410)

                  To Equity Investment  $9,900

(Being the sale of the stock is recorded)

3. Fair value Adjustment  $1,020

             To  Unrealized Holding Gain or Loss  $1,020

(Being the fair value adjustment is recorded)

The computation is shown below:

Stock                              Cost                  Fair Value      Unrealized Gain(Loss)

Clemson Corp. Stock    $20,200           $19,410          -$790

Buffaloes Co. stock       $20,200           $20,700         $500

Net unrealized gain (loss)                                            -$290

2017                                                                                -$1,310

Fair value adjustment                                                   -$1,020

Answer: A financial planner is a qualified investment professional who helps individuals and corporations meet their long-term financial objectives. Financial Planners do their work by consulting with clients to analyze their goals, risk tolerance, life or corporate stages and identify a suitable class of investments for them. From there they may set up a program to help the client meet those goals by distributing their available savings into a diversified collection of investments designed to grow or provide income as desired.

Financial planners work closely with individuals and corporations to help them achieve their financial goals.

Some financial planners may hold a "CFP®" credential as a professional designation to establish their qualifications and knowledge-base.

Financial planning includes help with budgeting, investing, saving for retirement, tax planning, insurance, coverage and many more.

Explanation: The main elements of a financial plan include a retirement strategy, a risk management plan, a long-term investment plan, a tax reduction strategy, and an estate plan.

Answer:

The correct answers are letters "A", "C", "D", and "E".

Explanation:

Flabby expressions are wordy segments that confuse the meaning of the messages intended to be transmitted. Using concise verbs will reduce the use of flabby expressions which is to give the message a direct sound. Flabby expressions should be trimmed so the segment expressed can be easily understood.

Expressions like "for the period of", "in very few cases", "in addition to", or "as a general rule" are considered flabby in sentences and should be avoided.

Final answer:

The sentences that contain flabby expressions, which should be revised for conciseness, include the first, the fourth, and the last sentences. These sentences include unnecessary phrases that add to wordiness and can be omitted without changing their meaning.

Explanation:

In the context of business writing, where conciseness is highly valued, the sentences needing revision due to their flabby expressions are:

I worked on the MarkMaster campaign for the period of 35 hours last week.

In very few cases will he return text messages.

In addition to the above, the client is of the opinion that, as a general rule, Comic Sans font is childish.

By eliminating expressions such as 'for the period of,' 'in very few cases,' and 'of the opinion that, as a general rule,' the writing becomes more efficient and powerful. This editing also reduces unnecessary words and redundancies that do not add meaning to the sentences.

Answer:

A. Productivity

Country A = 20 goods per hour

Country B = 25 goods per hour

Country A = 128 goods per person

Country B = 135 goods per person

Country b is better off

Explanation:

Productivity = Total output / total productive hours

For country A = 128,000 / (800 × 8) = 20 goods per hour

For country B = 270,000 / ( 1800 x 6) = 25 goods per hour.

Real GDP per person = Total output/ total population

For country A = 128,000 / 1000 = 128 goods per person

For country B = 270,000 / 2,000 = 135 goods per person

Country B is better off because its real GDP per person is higher when compared with country B.

I hope my answer helps you

Answer:

The annual benefits will be$8,581.05

Explanation:

The applicable formula is the present value of an ordinary annuity,which is given as;

PV=A*(1-(1+r)^-N)/r

PV is the amount that would be in the plan at retirement which is $100,000

A is the annual benefits which is unknown

n is the number of years the investment would take which is 25 years

r is the rate of return on investment which is 7%

A=PV/(1-(1+r)^-N)/r

A=100000/(1-(1+7%)^-25/7%

A=100000/1-(1.07)^-25/0.07

A=100000/(1-0.184249178 )/0.07

A=100000/11.65358317

A=$8581.05

Final answer:

To calculate the annual benefits from the retirement plan, the present value of an annuity formula is used with a known present value of $100,000, interest rate of 7%, and duration of 25 years to find the fixed annual benefit amount.

Explanation:

The question involves calculating the annual benefits a retiree would receive from a retirement plan that guarantees a fixed amount for 25 years with an initial credit of $100,000 anticipating a 7% annual interest rate. To find the annual benefits, we need to use the formula for the present value of an annuity. The formula can be described as PV = PMT  imes  rac{1 - (1 + r)^{-n}}{r} where PV is the present value, PMT is the annuity payment, r is the interest rate per period, and n is the number of periods.

Since we know the present value (PV = $100,000), the interest rate (r = 7% or 0.07), and the number of periods (n = 25 years), we can rearrange the formula to solve for PMT, which represents the annual benefits. The calculation will give us the fixed amount the retiree can expect to receive annually for the next 25 years.

Answer:

Employees whose values match the values of the organization they work for generally SHOW MORE COMMITMENT TO THEIR JOBS than employees whose values don't match the organization.

Explanation:

Workplace values are the guiding principles that are most integral to the way a company works. Simply put, company's values, and the culture they create can spell the difference between success and failure.

The way people behave is deeply rooted in their values, when employees share their company's values, they make more informed decisions and are more committed to their jobs.

Sharing same values with the organization one works with increases the rate of productivity as one tends to be more motivated and dedicated to the job.

Therefore, the answer that best suits the question is that employees whose values match the values of the organization SHOW MORE COMMITMENT TO THEIR JOBS than employees whose values don't match the organization.

There are varying basic criterias to evaluate when selling a company that an individual began from the scratch.

The number one criteria is mainly the monetary side of selling. Did the individual make high profit to be appreciated for all the individual time and effort.

Another basic criteria is how an individual is going to feel after selling to another person his/her hard thought and drafted organization, (business). When an individual establish something from the start up it gradually turns into a part of the individual in some aspect, how the individual identify himself/herself.

These criterias are necessary due to the fact that it is a long lasting decision that will influence not only the individual but the entirety of the staff and the individual family members that are yet to work at the restaurant even for a time in their life.

Answer:

[tex]46816-1.70\frac{12557}{\sqrt{651}}=45979.35[/tex]    

[tex]46816+1.70\frac{12557}{\sqrt{651}}=47652.65[/tex]    

So on this case the 91% confidence interval would be given by (45979.35;47652.65)

Explanation:

Previous concepts

A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".

The margin of error is the range of values below and above the sample statistic in a confidence interval.

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

[tex]\bar X=46816[/tex] represent the sample mean for the sample  

[tex]\mu[/tex] population mean (variable of interest)

[tex]\sigma=12557[/tex] represent the population standard deviation

n=651 represent the sample size  

Solution to the problem

The confidence interval for the mean is given by the following formula:

[tex]\bar X \pm z_{\alpha/2}\frac{\sigma}{\sqrt{n}}[/tex]   (1)

Since the Confidence is 0.91 or 91%, the value of [tex]\alpha=0.09[/tex] and [tex]\alpha/2 =0.045[/tex], and we can use excel, a calculator or a table to find the critical value. The excel command would be: "=-NORM.INV(0.045,0,1)".And we see that [tex]z_{\alpha/2}=1.70[/tex]

Now we have everything in order to replace into formula (1):

[tex]46816-1.70\frac{12557}{\sqrt{651}}=45979.35[/tex]    

[tex]46816+1.70\frac{12557}{\sqrt{651}}=47652.65[/tex]    

So on this case the 91% confidence interval would be given by (45979.35;47652.65)    

Answer:

Relative prices would become more variable.

Menu and shoeleather costs would rise.

Hyperinflation could undermine the public's confidence in the economy.

Explanation:

The first reason that would make this to be effective is the hyperinflation that it will create and this is very bad for the economy as too much money will be chasing fewer goods.

Examples of what the effect of a paper money would be include: extreme hyperinflation can reduce the confidence of the public in the economy and economic policy; variability of the relative price between the countries will rise; shoeleather and menu costs will rise; it will result in an arbitrary change in tax liability; the level of uncertainty in the economy will rise and there will be an arbitrary wealth redistribution.

it should be noted this action would not deny the government seigniorage revenue from the inflation that would follow as the public will get the money dropped by the foreign airplanes.

World War II was a war that is commonly known in history. During World War II, both Germany and England had plans for a paper weapon. This may might this have been an effective weapon because;

Hyperinflation could undermine the public's confidence in the economy.

A paper weapon might have been effective for all the reasons that hyperinflation is bad.  Note that a great increase in the money supply will also increase menu cost and thus making  relative prices more  variable;

When there is hyperinflation found to be very extreme, it can bring down the people's confidence in the  economy of the country and economic policy.

Hyperinflation often takes place in times of war and economic turmoil in the production economy and this can lead to a surge in prices for basic goods

Learn more about Hyperinflation from

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Answer:

The annual bond rate of interest = 9.8%

Explanation:

A denotes the annual coupon:

750.08 = A(P/A, 16%, 7) + ([tex]\frac{1,000}{(1+0.16)}[/tex]⁷

Annuity factor at 16% at 7 years = 4.039 (By cumulative present value table)

750.08 = 4.039 A + 353.83

4.039 A = 396.25

A = (396.25 ÷ 4.039)

A = 98.11

Calculating annual bond rate:

r = (98.11 ÷ 1,000) × 100

r = 9.811%

The annual bond rate being rounded off is 9.8% (answer).

Answer:

Company strengths and weaknesses

Explanation:

SWOT analysis is a strategic technique that help to identify company´s risk or weakness and how to overcome with it´s strength and opportunity. It can be used at any platform. It is useful analysis for future course of action that help the company to grow and prepare itself from any possible threat.

SWOT stands for Stength, Weakness, opportunity and threat.

In a SWOT analysis, turnover, profit margins, and staff quality are used to identify a company's internal strengths and weaknesses. Opportunities and threats are derived from external factors.

When conducting a SWOT analysis, details about turnover, profit margins, and staff quality can certainly be employed to identify company's strengths and weaknesses. The strengths and weaknesses part of a SWOT analysis pertain to internal factors, such as staff quality and financial performance (e.g., turnover and profit margins). Strengths are what the company excels in, giving it an advantage over competitors, while weaknesses are places where the company can improve. Meanwhile, opportunities and threats generally refer to external factors that may impact the company, such as market trends or regulatory changes, and not directly tied to internal operational data like turnover or profit margins.

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Answer:

The question is centred on transfer price  at which the trailer division sells trailers to the bicycle division as contained in the attached

The transfer price is $102,when there is opportunity to sell externally without surplus capacity

However, in the second instance, transfer price would be between $44 and $102

Explanation:

The first question on transfer price requires a transfer that the trailer division should sell to the bicycle division provided all of the its output could be sold externally,that shows the reasonable price in that instance is the variable of the trailer's division plus the contribution lost per unit from not being able to sell to external parties

This is calculated as:

Variable cost                        $44

lost contribution($102-$44) $58

Transfer price                       $102

In the second instance the transfer price would be between the lowest possible transfer price and  $102 computed above.

From,the question, there is extra capacity that can be used  to fulfill the order of the bicycle, the lowest possible transfer  price is variable cost to the trailer division

Answer:(1) They should be producing 300 cases each day because it result in the highest EMV of $1,800 (2) The cases that are not sold by the end of the day should be sold to another company to process in order to reduce their loss (3) When their own supply is less than demand they should buy necessary products from a competitor in order to ensure that they do not lose their customers.

Explanation:

We compute a decision table to solve the question as follows

When demand is 100 cases

At decision table

100 =( 100 × 15)- (100 ×5)

=1,500 - 500

=1,000

At decision table

200 = (100×15)- (100×5)-(100×16)-(100×15)

=(1,500 - 500 )-( 1,600 - 1,500)

=1,000 - 100

=900

At decision table

300= (100 × 15) - (100 × 5) - (200 × 16) - (200 × 15)

= (1,500 - 500) - (3,200 - 3,000)

= 1,000 - 200

=800

EMV when demand is 100 cases

= 0.3 (1000) + 0.4 (900) + 0.3 (800)

=300 + 360 + 240

=900

When demand is 200 cases

At decision table

100 = (100 × 15) - (200 × 5 ) + (100 × 3)

= (1,500 -1000) + 300

=500 + 300

= 800

At decision table

200 = (200 ×15) - (200 × 5)

= 3,000 - 1,000

= 2,000

At decision table

300 = (200 × 15) - (200 × 5) - (100 × 16)- (100 × 15)

= (3,000 - 1,000) - (1,600 - 1,500)

= 2,000 - 100

= 1,900

EMV when demand is 200 cases

0.3 (800) + 0.4 (2,000) + 0.3 (1,900)

=240 + 800 + 570

= 1,610

When demand is 300 cases

At decision table

100 = (100 × 15) - (300 × 5) + (200 × 3)

= (1,500 - 1,500) + (600)

= 0 + 600

= 600

At decision table

200= (200 × 15) - ( 300 × 5) + (100 × 3)

= (3,000 - 1,500) + (300)

= 1,500 + 300

= 1,800

At decision table

300 = (300 × 15) - (300 × 5)

= (4,500 - 1,500)

= 3,000

EMV when demand is 300

0.3 ( 600) + 0.4 (1,800) + 0.3 (3,000)

= 180 + 720 + 900

=1,800

The decision alternatives based on the decision table is that

(1) They should be producing 300 cases each day because it result in the highest EMV of $1,800

(2) The cases that are not sold by the end of the day should be sold to another company to process in order to reduce their loss

(3) When their own supply is less than demand they should buy from competitors in order to ensure that they do not lose their customers

Answer:

Explanation:

We need to calculated the expected return for each scenario

Probability of 100 cases sold

(100*15)-(100*5)=$1000

200 cases there is also a possibility that supply will be greater than the demand so the case will be sold to competitor so 100 cases bought from competitor at $16 cost and sold for  $15

[(100*$15)-(100*$5) ] +[(100*$16)-(100*$15)=$900

300 cases there is also a possibility that supply will be greater than the demand so the case will be sold to competitor so 200 cases bought from competitor at $16 cost and sold for  $15

[(100*$15)-(100*$5)]+[(200*$16)-(200*$15)]=$800

Then calculate the probabilites of each to see the decisions

$1000*0.3=$300

$900*0.4=$360

$800*0.3=$240

Answer:

$31,200

Explanation:

Cash basis income recognition records transactions as per receipts and payments in cash and ignores the period they relate to. Cash basis of accounting is not in accordance with matching principle of accounting.

Cash basis of accounting is not recommended by either IFRS or US GAAPs since it overlooks the incomes earned and expenses incurred during a period.

In the given case, Net Income based upon cash basis would be computed as follows:

All cash receipts during the year 2019 - All expenses paid during the year 2019

= 105,000 - 73,800

= $31,200

The 2019 cash-basis net income for Concord Industries is calculated by subtracting the cash payments for expenses ($73,800) from the cash collected from customers ($105,000), resulting in a cash-basis net income of $31,200.

To compute the 2019 cash-basis net income for Concord Industries, we need to consider only the cash transactions that occurred during the year.

Therefore, we will include cash collected from customers and cash paid for expenses in 2019, ignoring any services performed or expenses incurred in different years that were not paid or collected in 2019.

The cash collected from customers in 2019 is $105,000. However, of this amount, $25,300 was for services performed in 2018, which means this amount is not considered for the 2019 cash-basis net income.

The cash paid for expenses in 2019 is $73,800, and this entire amount is relevant as it represents cash outflows for the year. Therefore, the 2019 cash-basis net income is calculated as follows:

2019 Cash Collections - 2019 Cash Payments = Cash-basis Net Income

$105,000 (cash collected) - $73,800 (cash paid for expenses) = $31,200

The cash-basis net income for Concord Industries in 2019 is $31,200.

Final answer:

Splish Brothers Company records a debit to Inventory and a credit to Accounts Payable for $4,700 on the purchase date. When returning defective goods, they debit Accounts Payable and credit Inventory for $720.

Explanation:

On October 5, when Splish Brothers Company buys merchandise from Bramble Company on account, the journal entry on Splish Brothers' books, assuming a perpetual inventory system, would be to debit Inventory for $4,700 and credit Accounts Payable for $4,700, reflecting the purchase of merchandise.

On October 8, when Splish Brothers returns defective goods, they would record the return by debiting Accounts Payable for $720 and crediting Inventory for $720, which shows the reduction of obligation to Bramble Company as well as the decrease in inventory due to the return of defective goods. The fair value of the returned goods is not relevant to this entry on Splish Brothers' books as it pertains to the valuation on Bramble Company's side.

Answer:

See explanation section

Explanation:

A) Closing Journal entry to record of closing the journal entry -

Debit Teresa Schafer, Capital $770,000

Credit Teresa Schafer, Drawing $770,000

(To close the drawing accounts to capital account)

B) Teresa Schafer, Opening Capital $1,885,000

Add: Net Income= $840,000

Less: Drawings= $(770,000)

Capital at the end of the period = $1,955,000

Note: Calculation of Net Income

Revenues $3,190,000

Expenses $(2,350,000)

Net Income $840,000

To close Teresa Schafer, Drawing account, debit Teresa Schafer, Capital for $770,000 and credit Teresa Schafer, Drawing for the same amount. Moreover, the ending value of Teresa Schafer, Capital is $2,955,000, which is calculated from its opening balance and subtracting the drawings, and adding the net income.

To answer this question, we first need to understand the nature of the Capital and Drawing accounts in accounting. Teresa Schafer, Capital is an owner's equity account that holds the net worth of the business. It increases with credits and decreases with debits.

On the other hand, Teresa Schafer, Drawing is an owner’s draw account that represents the amount of money that Teresa has withdrawn from the business for personal use over the fiscal year. This account decreases the owner’s equity and has a normal debit balance.

(a) To close the drawing account, we would credit Teresa Schafer, Drawing for $770,000 and debit Teresa Schafer, Capital for the same amount: Debit: Teresa Schafer, Capital $770,000 Credit: Teresa Schafer, Drawing $770,000.

(b) To calculate the ending balance of Teresa Schafer, Capital, we take the initial capital balance of $1,885,000, subtract the drawings of $770,000, and add the net income (total revenues of $3,190,000 less total expenses of $2,350,000): $1,885,000 - $770,000 + ($3,190,000 - $2,350,000) = $2,955,000 So, the amount of Teresa Schafer, Capital at the end of the period is $2,955,000.

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Answer:

Part 1. Prepare an income statement for the year using absorption costing

Sales ($225×29,000)                                                                         6,525,000

Less Cost of Sales

Opening Stock                                                                         0

Add Cost of Manufactured Goods ($95.83×29,000)    2,842,000

Less Closing Stock                                                                   0        2,842,000

Gross Profit                                                                                          3,683,000

Less Expenses

Selling and Administrative Expenses:

Variable ($27×29,000)                                                                           783,000

Fixed 493,000                                                                                        218,000

Net Income                                                                                          2,682,000

Part 2. Prepare an income statement for the year using variable costing

Sales ($225×29,000)                                                                         6,525,000

Less Cost of Sales

Opening Stock                                                                         0

Add Cost of Manufactured Goods ($81.00×29,000)    2,349,000

Less Closing Stock                                                                   0        2,349,000

Contribution                                                                                         4,176,000

Less Expenses

Fixed Manufacturing Costs                                                                    493,000

Selling and Administrative Expenses:

Variable ($27×29,000)                                                                           783,000

Fixed 493,000                                                                                         218,000

Net Income                                                                                          2,682,000

Explanation:

Part 1. Prepare an income statement for the year using absorption costing

Absorption Costing, also known as Full Costing includes Fixed Manufacturing as part of Product Cost.

All Non - Manufacturing Costs are then Presented as Period Costs

Product Cost Per Unit:

Direct materials                                    29.00

Direct labor                                           37.00

Variable overhead                                15.00

Fixed Overhead 430000/29000        14.83

Total Product Cost                               95.83

Part 2. Prepare an income statement for the year using variable costing

Variable Costing, also known as Marginal Costing only includes Variable Manufacturing Costs as part of Product Costs

Fixed Manufacturing and All Non - Manufacturing Costs are then Presented as Period Costs.

Product Cost Per Unit:

Direct materials                                    29.00

Direct labor                                           37.00

Variable overhead                                15.00

Total Product Cost                                81.00

Answer:

absorption cost

Sales revenue       6,525,000

COGS                    (2,842,000)

Gross Profit             3,683,000

S&A expense           (1,001,000)  

Operating Income     2,682,000

variable cost

Sales revenue       6,525,000

Variable Cost         (3,132,000)

Contribution           3,393,000

Fixed Cost                  (711,000)

Net Income             2,682,000

Explanation:

Under absorption cost all the fixed cost are capitalized:

units cost:

493,000 / 29,000 units = 17 unit fixed overhead cost

29 materials + 37 labor + 15 varaible overhead 17 fixed overhead = 98 unit cost

Sales revenue 29,000 x 225 = 6,525,000

COGS               29,000 x   98 =(2,842,000)

Gross Profit                                3,683,000

Selling and adminsitrative cost:

27 x 29,000 + 218,000 =            (1,001,000)  

Operating Income                       2,682,000

Variable cost:

29 materials + 37 labor + 15 varaible overhead + 27 S&A = 108 unit cost

Sales revenue 29,000 x 225  =  6,525,000

Variable Cost     29,000 x 108 =(3,132,000)

Contribution                                 3,393,000

Fixed Cost  493,000 + 218,000 =  (711,000)

Net Income                                  2,682,000    

Answer: Large companies can reduce per-unit cost of production

Explanation:

A company that is already having high production levels will reduce per-unit cost greatly if they decide to go automated. Since the basic reason for increased automation is to allow for greater efficiency thereby increasing production numbers. This increased productivity which will cause the firm to enjoy greater economies of scale thus lower unit cost. Economies of scale shows the inverse relationship between unit price and quality produced, as quantity increases prices will most likely reduce.

Answer:

The correct answer is letter "C": values.

Explanation:

Every company must establish a Code of Ethics. This is a type of handbook that allows employees to know what are the positive behaviors expected from them at work and what type of actions are not desired and can be even penalized. Thus, values keep employees and managers aware of ethical issues that could be taking place which is beneficial for entities in the long term since workers would be likely to avoid them.

Final answer:

The correct answer is 'c. values orientation' which reflects a company culture that promotes ethical behavior and improved awareness of ethical issues at work, influencing ethical decision-making and contributing to long-term organizational success.

Explanation:

In the context of organizational ethics and behavior, the correct answer to the question is c. values orientation. A values orientation within a company emphasizes an ethical culture where values such as integrity, accountability, and a commitment to doing what is right are highly promoted. This type of orientation can improve awareness of ethical issues within the workplace. It potentially leads to better ethical decision-making across the organization, which can contribute to long-term success.

For example, when employees have a clear understanding of the core values and the ethical expectations within their organization, it may influence how they interact with colleagues, make decisions, and serve customers or clients. The impact of a values orientation is substantial because it encourages employees to internalize the principles that guide their behavior rather than simply following rules or directives.

Furthermore, as part of a values-oriented culture, organizational leaders may establish training programs, create forums for ethical discussions, and recognize employees who demonstrate the company's values in action. By doing so, they help ensure that their values orientation translates into everyday practices that support a responsible and ethical business environment.

Answer:

c. a non compensatory decision rule.

Explanation:

A non compensatory decision rule refers to the consumer decision wherein positive attributes related to a product do not make up for the negative attributes of the product.

Non compensatory decision rules make the buying process convenient as in such cases, the consumer is particular about a specific attributes he/she desires and is not bothered about the other attributes.

In the given case, Joe's criteria for purchase being the threshold weight limit of the system beyond which, no matter how many other positive attributes the product offers, it will not be purchased.

Similarly, if the product is within the threshold weight limit of 5 pounds, some negative attributes will not deter her from buying the product i.e laptop computer here.

Cox’s paid-in capital—share repurchase will increase by $7 million.

To calculate the increase in Cox's paid-in capital—share repurchase, we first need to find the weighted-average cost of the treasury shares. Cox reacquired 2 million shares at $20 and 1 million shares at $26. Therefore, the total cost is (2 million * $20) + (1 million * $26) = $40 million + $26 million = $66 million. The total number of shares reacquired is 2 million + 1 million = 3 million shares. The weighted-average cost per share will be the total cost divided by the total number of shares, which is $66 million / 3 million = $22 per share.

Next, Cox sold 1 million treasury shares at $29 per share. This sale brought in $29 million. Because these shares were bought at a weighted-average cost of $22 per share, the sale resulted in a gain of $29 - $22 = $7 per share, or $7 million in total. Therefore, Cox’s paid-in capital—share repurchase will increase by $7 million.

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Cox Transport's paid-in capital will increase by $7 million due to the sale of 1 million treasury shares at $29 per share. The weighted-average cost per treasury share was calculated to be $22. The profit from this transaction is $29 million in proceeds minus $22 million in costs, resulting in a $7 million increase.

Determining the Increase in Paid-in Capital

To determine the increase in Cox Transport’s paid-in capital from the sale of treasury shares, first, we need to calculate the weighted-average cost per treasury share previously acquired.

Step 1: Calculate the Total Cost of Treasury Shares

2 million shares at $20 per share: 2,000,000 * $20 = $40 million

1 million shares at $26 per share: 1,000,000 * $6 = $26 million

Total cost: $40 million + $26 million = $66 million

Step 2: Calculate the Weighted-Average Cost per Share

Total shares = 2 million + 1 million = 3 million shares

Weighted-average cost per share = $66 million / 3 million shares = $22 per share

Step 3: Determine Proceeds from the Sale

1 million shares sold at $29 per share: 1,000,000 * $29 = $29 million

Step 4: Determine Cost of Shares Sold

Cost of 1 million shares = 1,000,000 * $22 = $22 million

Step 5: Calculate Increase in Paid-in Capital

Increase in paid-in capital = Sale proceeds - Cost of shares sold= $29 million - $22 million = $7 million

Therefore, Cox’s paid-in capital—share repurchase will increase by $7 million.

Answer:B

Explanation:

Both technician A and B are correct

Answer:

Option (c) is correct.

Explanation:

Average fixed costs is determined by dividing the total fixed costs by the amount of output produced.

For example:

Total fixed cost = $5,000

Number of units initially produced = 100 units

Therefore, the average fixed cost at 100 units is calculated as follows:

[tex]\frac{Total\ fixed\ cost}{Ot\ produced}[/tex]

[tex]=\frac{5,000}{100}[/tex]

= $50 per unit

Now, suppose the number of units produced increases from 100 units to 200 units. Then, the average fixed cost is calculated as follows:[tex]=\frac{Total\ fixed\ cost}{Ot\ produced}[/tex]

[tex]=\frac{5,000}{200}[/tex]

= $25 per unit

Therefore, we can conclude that as the output of a particular firm increases, as a result the average fixed cost decreases.

Average fixed costs will remain unchanged as output expands.

Average fixed cost is the total fixed cost per unit of output. Average variable cost is the total variable cost per unit of output. Average total cost is the sum of all costs per unit of output.

The average fixed cost must always decline with output because a fixed cost is being spread over more units of output. Hence, when the average total cost curve eventually increases, it is because the increasing variable cost component eventually dominates the declining average fixed cost component.

Therefore, the correct answer is d. will remain unchanged as output expands.

Answer:

both (a) and (b) are true

That is:

a. job one pays less per day but more per hour.

b. job three pays more per day and more per hour.

Explanation:

An indifference curve is one that shows all combinations of a good or activity that gives the same level of satisfaction to the consumer, and so the consumer is indifferent.

In this instance the worker is indifferent between job one lasting 4 hours a day, job two lasting 8 hours a day (pays $10 an hour), and job three lasting 12 hours a day.

For the worker to be indifferent job one must pay more per hour and less per day. Whole job 3 wi pay more per day and more per hour.

Answer:

The correct answer is:

$0 (b.)

Explanation:

Free cash flow refers to the cash a company generates after the cash that goes out to support operations and maintain capital asset have been made up for. It refers essentially to all the cash available to the owners of a business after all the operation expenses and investment capital has been accounted for. It is worthy of note that Free Cash Flows (FCFs) are different from net income.

In order to calculate the free cash flow, we have to identify all the cash inflows and the cash outflows, and subtract the cash outflows from the cash inflow.

Cash inflow = Cash flow from operations = $358 million

Cash outflow = cash flow from investment + cash flow from financing (They are denoted by the negative (-) sign)

Cash outflows (millions)= -$160 + (-$198) = -$358 million.

Therefore Free cash flow (million)= 358 - 358 = $0

Answer:

The correct answer is option (B).

Explanation:

According to the scenario, the total credits can be calculate by using following formula:

Total Credits = Accounts payable + Notes payable + Common stock + Dividends + Revenue

Where,

Accounts payable = $3,020

Notes payable = $4,540

Common Stock = $5,830

Dividends = $760

Revenue = $31,320

By putting these value in the formula we get,

Total Credits = $3,020 + $4,540 + $5,830 + $760 + $31,320

= $45,470

Answer:

Explanation:

a) The gift is realized income and it is completely excluded from gross income

b) Inheritances are realized income but are entirely excluded from gross income. The increase in the value of the shares during the year has not yet been realized. so it is realized income and completely excluded from gross income

c) The gift of the bonds is realized income that is entirely excluded from gross income. The interest accrued up to October 31st and is excluded because it was accrued at the time of the gift. As such, the accrued income was part of the gift. Grady is taxed on $1590/3 = 530 of interest that accrued after the date of the gift (he is taxed on it when he receives the gift)

d) A bona fide loan is not realized income so it is completely excluded from gross income

Grady's gift of $30,600, inheritance of GM stock, and $7,200 loan are not considered taxable and must not be included in his gross income. Only the $1,590 of interest from the Ford Motor Bonds is considered taxable income and should be included in Grady's gross income.

When looking at the payments Grady received and determining which constitute realized income and what must be included in his gross income for tax purposes:

Answer:

d. negotiation

Explanation:

Negotiation is process by which parties in a dispute settle their differences. It aims for achievement of agreement and compromise between the parties, and to avoid argument and dispute. The parties try to achieve the best possible outcome.

Negotiation involves 5 stages:

- Preparation

- Set ground rules

- Clarification and justification

- Bargaining and solving problems

- Implementation

Sally and Tom will try to use the negotiation method to resolve their differences without involving a third party.

Answer:

The weighted-average unit contribution margin is $4.50 per unit.

Explanation:

Weighted Average contribution margin is the average contribution margin of all products company sells.

Sale

Product J = 7,400

Product B = 6,500

Unit contribution margin

Product J = $2.9

Product B = $6.3

Contribution of Product J = 7,400 x $2.9 = $21,460

Contribution of Product B = 6,500 x $6.3 = $40,950

Total Contribution = $21,460 + 40,950 = $62,410

Total Sales Unit = 7,400 + 6,500 = 13,900 units

Weighted average contribution margin = Total Contribution / Total sales unit

Weighted average contribution margin = $62,410 / 13,900 units

Weighted average contribution margin = $4.49 per unit

Weighted average contribution margin = $4.5 per unit