Answer:
The average time spent waiting in line for each student is 2.25 students.
Explanation:
Use Lq with a single server formula.
λ = Avg arrival rate = 15 std/hr
μ= Avg server rate (individual server capacity) = 20 std/hr
Μ = # of servers/line (identical capacities)
= λ[tex]^{2}[/tex]/μ(μ- λ)
=15[tex]^{2}[/tex] / 20(20-15)
= 225/100
=2.25 students.
There are different kinds of calculations as regards to time. Note that average service rate increases, the shape of the negative exponential distribution of service times often is known to be less gently curved as it moves ever closer to the graph start up point.
Therefore , The average time spent waiting in line for each student is 2.25 students.
This calculated by:
λ refers to Avg arrival rate. This is denoted as
= 15 std/hr
μ refers to as Avg server rate. This is individual server capacity. It is denoted as
= 20 std/hr
Μ is known as number of servers/line or simply say identical capacities.
Therefore = λ/μ(μ- λ)
Input or fill up all numbers (values) into the equation above;
=15 / 20(20-15)
= 225/100
=2.25
Conclusively, The average time spent waiting in line for each student is 2.25 students.
See full options below
What is the average time spent waiting in line for each
student? What is the average number of students in the line?
a. 2.25 students
b. 5 students
c. 15 students
d. 20 students
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Required information Kevan, Jerry, and Dave formed Albee LLC. Jerry and Dave each contributed $245,000 in cash. Kevan contributed the following assets: Basis Fair Market Value Kevan: Cash $ 15,000 $ 15,000 Land* 120,000 440,000 Totals $ 135,000 $ 455,000 *Nonrecourse debt secured by the land equals $210,000 Each member received a 33.33 percent capital and profits interest in the LLC. (Leave no answer blank. Enter zero if applicable. Do not round intermediate calculations.) e. Prepare a tax basis balance sheet for Albee LLC showing the tax capital accounts for the members. What is Kevan’s share of the LLC’s inside basis? (Enter any capital account with a debit balance as a negative amount.)
Answer: A: $0.None of the members recognize gain because their debt relief was not in excess of their bases in their LLC interest prior to any debt relief.
B: $55,000
C: $285,000
D: $625,000 Albee, LLC takes a $135,000 carryover basis in the assets Kevan contributes and a $490,000 basis in the total cash the other two members contributed.
Explanation: check attached file
Johnson and Gomez, Inc. is a small firm involved in the production and sale of electronic business products. The company is well known for its attention to quality and innovation.
During the past 15 months, a new product has been under development that allows users improved access to e-mail and video images. Johnson and Gomez code named the product the Wireless Wizard and has been quietly designing two models: Basic and Enhanced. Development costs have amounted to $183,000 and $264,000, respectively. The total market demand for each model is expected to be 41,000 units, and management anticipates being able to obtain the following market shares: Basic, 20 percent; Enhanced, 15 percent. Forecasted data follow.
Basic Enhanced
Projected Selling Price $350.00 $450.00
Per-unit productions costs:
Direct material 43.00 69.00
Direct labor 23.00 31.00
Variable overhead 37.00 49.00
Marketing and advertising (fixed but avoidable) 196,000 305,000
Sales commissions* 15% 10%
*Computed on the basis of sales dollars.
Since the start of development work on the Wireless Wizard, advances in technology have altered the market somewhat, and management now believes that the company can introduce only one of the two models. Consultants confirmed this fact not too long ago, with Johnson and Gomez paying $35,000 for an in-depth market study. Sales salaries (excluding commission) will be $88,000 no matter which product is sold. The marketing and advertising costs indicated for each product are incurred only if that product is sold. Other fixed overhead is expected to be the same, regardless of which product is introduced.
Compute the unit contribution margin for both models.
Answer:
$158 and $200
Explanation:
Stella deposits $5,000 in a savings account at a bank that offers interest of 5.5% on such accounts. What is the value of the money in her savings account in one year's time
Answer:
Value of money in her saving account in one year = $5275.
Explanation:
As we know that :
P= $5000
i= 5.5%
n=number of years
Simple interest = Principal * interest rate * number of years
= P * i * n
= 5000 * .055 * 1
Simple interest = $ 275
Total = Principle + interest
= $5000+275
= $5275
After one year, Stella's savings account will become worth a total of $5,275 due to the interest accrued over the year.
Explanation:The money Stella deposited in her savings account amounts to $5,000, and the bank offers a yearly interest rate of 5.5%. To calculate the total value of the savings account after one year, we first calculate the interest, which is the product of the principal amount ($5,000), the interest rate (5.5%), and the time in years (1). This comes out to be $5,000 * 5.5/100 * 1 = $275.
Then, the total value of money in the savings account after one year would be the initial deposit amount plus the interest, which would be $5,000 + $275 = $5,275. Therefore, after a year, Stella's savings account would be valued at $5,275.
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Deferred income taxes arise because a. corporations often make errors in their tax estimations. b. companies can use accounting methods that minimize net income for tax purposes and other methods that maximize net income for reporting to shareholders. c. the IRS owes a company a refund from last year. d. large corporations generally have operations in foreign countries whose tax law is quite different from U.S. tax
Answer:
b. companies can use accounting methods that minimize net income for tax purposes and other methods that maximize net income for reporting to shareholders.
As they use a basis for accounting and prepare the financial statement temporary difference arise which, are settled overtime as in the end both, tax basis and accounting basis much get the same income
The most common example is depreciation if a company uses S179 and depreciate the entire of the asset purchase next year, while the accounting will have a depreciation expense associate with the equipment for tax purposes this assets basis is zero as it was completely depreciate thus, it will have a higher income making more tax payable than accounting income tax expense.
Explanation:
a. corporations often make errors in their tax estimations.
While this can occur is not the reason for deferred income taxes
c. the IRS owes a company a refund from last year.
No, the refund will not generate deferrd income tax It will be a receivable for the company.
d. large corporations generally have operations in foreign countries whose tax law is quite different from U.S. tax
While corporations do operate in foreing countries these doesn't necessary generate deferred taxes. Difference arise when the company uses a different method in his accounting than the State to determinate the tax basis.
Ajax Corp's sales last year were $400,000, its operating costs were $362,500, and its interest charges were $12,500. What was the firm's times-interest-earned (TIE) ratio
Answer:
3 times
Explanation:
Times Interest earned is a financial ratio that shows how many times an entity's net income or earnings before interest and taxes can be used to settle the company's interest expense.
It is given as the ratio of earnings before interest and tax to interest expense.
Earnings before interest and taxes is the difference of sales and operating costs.
= $400,000 - $362,500
= $37,500
Hence, the firm's times-interest-earned (TIE) ratio
= $37,500/$12,500
= 3
n a perfectly competitive industry, the equilibrium price is $56 and the minimum average total cost of the industry's firms is $40. If this is a constant-cost industry, we can expect that in the long run, firms will _____ the market, shifting the industry's short-run supply curve _____.
Answer:
A perfectly competitive industry is an industry in which the number of buyers and sellers is very large, none large enough to influence the industry and are all engaged in buying and selling of a homogeneous product. In perfect competition, equilibrium is the point where market demands equals market supply. A firm's price is determined at this point. In the short run, equilibrium will be affected by demand. In the long run, both demand and supply of a product will affect the equilibrium in perfect competition.
In constant-cost industry, where the equilibrium price is $56 and the minimum average total cost of the industry's firms is $40, we can expect that in the long run, firms will enter the market, shifting the industry's short-run supply curve outward until the new equilibrium price is $40.
The purchase of common stock gives the holder (a) rights to residual cash flows (b) access to monthly Board of Director’s meetings (c) rights to a contractually set coupon (d) access to the CEO to assist in decision-making (e) rights to a good job with benefits
Answer:
The answer is option A) The purchase of common stock gives the holder rights to residual cash flows
Explanation:
Common stocks have the advantage of offering a high earning potential. Compared to bonds or certificates of deposit, they provide a better opportunity to make a larger return on investment. These other investments are guaranteed, so you know the minimum and maximum amount that you stand to gain from them.
Common Stock gives the holder rights to residual cash flows and provides the highest rate of return in the long run; more than bonds and cash.
Answer:
The correct option is A,rights to residual cash flows
Explanation:
Residual cash flows in this sense refers to cash left after bondholders interests have paid as well as the preferred shareholders's dividends.
The equity shareholders are the ultimate bearers of risk in a company, hence they are seen as the real owners of corporations in that they queue behind other providers of finance for dividends payments.
Even sometimes, they are instead of receiving cash dividends availed script dividend or stock dividend where additional shares are issued to shareholders in lieu of cash dividend payments.
Green Day Corporation has outstanding 411,800 shares of $10 par value common stock. The corporation declares a 10% stock dividend when the fair value of the stock is $74 per share.
Prepare the journal entries for Green Day Corporation for both the date of declaration and the date of distribution.
Explanation:
The journal entries are shown below:
a. Retained earning A/c Dr $3,047,320
To Paid-in capital in excess of par A/c $2635,520
To Common stock dividend distributable A/c $411,800
(Being the date of declaration is recorded)
It is computed below:
For retained earning
= 411,800 shares × $74 × 10%
= $3,047,320
For common stock, it is
= 411,800 shares × $10 × 10%
= $411,800
b. Common stock dividend distributable A/c Dr $411,800
To Common stock A/c $411,800
(Being the date of distribution is recorded)
Wholesale Company began the year with merchandise inventory of $ 9 comma 000 . During the year, Upper Y purchased $ 90 comma 000 of goods and returned $ 6 comma 500 due to damage. Upper Y also paid freight charges of $ 1 comma 200 on inventory purchases. At year-end, Upper Y 's ending merchandise inventory balance stood at $ 17 comma 800 . Assume that Upper Y uses the periodic inventory system. Compute Upper Y 's cost of goods sold for the year.
Answer:
Cost of goods sold is $ 75.900
Explanation:
Cost of goods sold = Opening Inventory + Net Purchases - Closing Inventory
Opening Inventory $ 9,000
Purchases $ 90,000
Less: Purchase returns $( 6,500)
Add: Freight In $ 1,200
Net purchases $ 84,700
Cost of goods available for sale $ 93,700
Less: Closing Inventory $ (17,800)
Cost of goods sold $ 75,900
Upper Y's cost of goods sold for the year is calculated by adding the beginning inventory, net purchases, and freight charges to find the cost of goods available for sale, then subtracting the year-end inventory. The total comes to $75,900.
Explanation:The cost of goods sold for Upper Y can be calculated by first determining the cost of goods available for sale, and then subtracting the ending inventory. The cost of goods available for sale includes the beginning inventory, the cost of goods purchased, and any additional costs incurred for the merchandise.
Firstly, we calculate the net purchases which is the original purchase price subtracting any returns, giving us $90,000 - $6,500 = $83,500.
By adding the value of the net purchases to the merchandise inventory at the beginning of the year and the freight charges, we would get the cost of goods available for sale which is $9,000+ $83,500 + $1,200 = $93,700.
The cost of goods sold is then calculated by subtracting the ending inventory from the cost of goods available for sale, giving us $93,700 - $17,800 = $75,900.
So, Upper Y's cost of goods sold for the year is $75,900.
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Does the firm need to alter its choices of C and L to decrease cost? A. Yes, they need to increase Upper Lincrease L which would cause MP Subscript Upper LMPL to decreasedecrease and MP Subscript Upper CMPC to increaseincrease. B. Yes, they need to increase Upper Cincrease C which would cause MP Subscript Upper LMPL to increaseincrease and MP Subscript Upper CMPC to decreasedecrease. C. Yes, they need to increase Upper Lincrease L which would cause MP Subscript Upper LMPL to increaseincrease and MP Subscript Upper CMPC to decreasedecrease. D. Yes, they need to increase Upper Cincrease C which would cause MP Subscript Upper LMPL to decreasedecrease and MP Subscript Upper CMPC to increaseincrease. E. No, they are producing at the cost minimizing levels of C and L.
Answer:
Yes, they need to increase Upper L which would cause MP Subscript Upper L to decrease and MP Subscript Upper C to increase.
Explanation:
In the specific problem outlined above, the company wants to maximize its revenue and ensure that the production cost is as low as possible for the given quantity of land, cement and the available labor. In order to ensure that this is possible, the company must try to increase the upper L so that there would be an increase in MP (subscript upper C) and a decrease in MP (subscript upper L).
Mutual funds Group of answer choices provide diversification. Shareholders assume all of the risk associated with the mutual fund. provide diversification. Government insurance eliminates the risk of mutual fund shareholders. do not provide diversification. Shareholders assume all of the risk associated with the mutual fund do not provide diversification. Government insurance eliminates the risk of mutual fund shareholders.
Answer:
The correct answer is letter "A": provide diversification. Shareholders assume all of the risk associated with the mutual fund.
Explanation:
Mutual funds are pools of assets that allow small investors to have a diversified portfolio which reduces risks in their investments. Mutual funds are typically managed by professionals who charge a high fee for their services which reduces the investors' net profit.
Even if mutual funds are managed by professionals, it does not guarantee investors will end up with earnings and, in front of losses, investors assume the whole risk.
Harman International Industries is a world-leading producer of loudspeakers and other electronics products, which are sold under brand names like JBL, Infinity, and Harman/Kardon. The company reported the following amounts in its financial statements (in millions): 2016 2015 Net Sales $ 6,910 $ 6,155 Cost of Goods Sold 4,820 4,340 Beginning Inventory 695 665 Ending Inventory 705 695 Required: Determine the inventory turnover ratio and average days to sell inventory for 2016 and 2015. (Use 365 days in a year. Round your intermediate and final answers to 1 decimal place.)
Answer:
Inventory Turnover Ratio
2016 --- 6.9
2015 --- 6.4
Average Days To Sell Inventory
2016 --- 53
2015 --- 57.2
Explanation:
The formula to calculate Inventory Turnover Ratio is as follows:
Cost of Goods Sold / Average Inventory
where Average Inventory = (Opening Stock + Closing Stock) / 2
Whereas, 365 is divided by Inventory Turnover Ratio to get the number of days it takes to sell inventory.
I've attached a screenshot of my workings, it will be helpful. Thanks!
Bonds payable—record issuance and premium amortization Jessie Co. issued $2 million face amount of 7%, 20-year bonds on April 1, 2016. The bonds pay interest on an annual basis on March 31 each year.
a. Assume that market interest rates were slightly lower than 7% when the bonds were sold. Would the proceeds from the bond issue have been more than, less than, or equal to the face amount? Explain.
b. Independent of your answer to part , assume that the proceeds were $2,060,000. Use the horizontal model (or write the journal entry) to show the effect of issuing the bonds.
c.Calculate the interest expense that Jessie Co. will show with respect to these bonds in its income statement for the fiscal year ended September 30, 2016, assuming that the premium of $60,000 is amortized on a straight-line basis.
Answer:
Explanation:
a. If the market rates are lower than 7% stated bond interest rate, bond can be sold at premium. Market interest rates are lesser but present value cash flows from bonds are higher. That is why people will be willing to pay higher price for the bond in order to get a bond with high coupon rates.
b.
Dr Cash 2,060,000
Cr Bonds payable 2,000,000
Cr Premium on bonds payable 60,000
c. Accrued interest = Face value*Coupon rate*Period of interest/12 = 2,000,000*7%*6/12 = 70,000
Premium amortization = 60,000/20*6/12 = 1,500
Dr Interest expense 70,000
Dr Premium on bonds payable 1500
Cr Interest payable 71,500
a. The proceeds from the bond issue would be more than the face amount when market interest rates are lower than the stated interest rate. b. The journal entry to record the issuance of the bonds is: Debit Cash $2,060,000, Credit Bonds Payable $2,000,000, and Credit Premium on Bonds Payable $60,000. c. The interest expense for the fiscal year ended September 30, 2016, is $137,000.
Explanation:a. When market interest rates are lower than the stated interest rate on the bonds, it means that the bonds are more attractive to investors. In this case, the proceeds from the bond issue would be more than the face amount because investors are willing to pay a premium to earn a higher interest rate than the market rate.
b. The journal entry to record the issuance of the bonds would be:
Debit Cash $2,060,000Credit Bonds Payable $2,000,000Credit Premium on Bonds Payable $60,000c. To calculate the interest expense for the fiscal year ended September 30, 2016, we first need to determine the annual interest payment. The annual interest payment is calculated by multiplying the face amount of the bonds by the stated interest rate. In this case, the annual interest payment is $2,000,000 x 7% = $140,000. Since the premium is amortized on a straight-line basis, the amortization expense would be $60,000 / 20 years = $3,000 per year. Therefore, the interest expense for the fiscal year would be $140,000 - $3,000 = $137,000.
Marketing scholars who believe the ________ believe three exposures to an advertisement are needed: one to make consumers aware of the product, a second to show consumers the relevance of the product, and a third to remind them of the product
Answer:
C) three-hit theory
Detailing's cost formula for its materials and supplies is $2,060 per month plus $12 per vehicle. For the month of August, the company planned for activity of 86 vehicles, but the actual level of activity was 46 vehicles. The actual materials and supplies for the month was $2,350. The materials and supplies in the planning budget for August would be closest to:
Answer:
Planning budget amount = $3,052.00
Explanation:
The planning budget is als0 known as the fixed budget . It is the budget prepared for the original level of activity intended or planned for. As it's name implies, it is used for planning purpose.
For the month of August, the planning budget
= $2060 + ($12 × 86)
= $3,052.00
Planning budget amount = $3,052.00
Answer:
$3092
Explanation:
The planning budget is the original budget set aside for the production of a planned quantity of goods and services in a company it can also be refered to as the fixed budget of a company
detailed cost formula for materials and supplies = $2060
planned quantity of goods = 86
extra cost per vehicle = $12
Total extra cost for 86 vehicles = 86 * $12 = $1032
hence the materials and supplies in the planning budget would be
= total extra cost + Detailed cost formula for materials and supplies
= $1032 + $2060
= $3092
Purchases Transactions Nieman Company purchased merchandise on account from a supplier for $9,600, terms 1/10, n/30. Nieman Company returned $1,500 of the merchandise and received full credit. a. If Nieman Company pays the invoice within the discount period, what is the amount of cash required for the payment
Answer:
trump 2020
Explanation:
Bright Eyes manufactures and sells two products. The first product is a disposable contact lens set that lasts about 3 months. The second product is a wetting solution. Customers of the first product use one bottle of solution each month. As a result, bottles of solution outsell lens sets by a 3:1 ratio. Lens sets sell for $36 per set, and have a contribution margin ratio of 50%. The solution sells for $6 per bottle, but only generates variable costs of $1. The company's total fixed costs are $9,900,000.
(a) What level of total sales is necessary to achieve break even?
(b) If a competitor began selling a wetting solution that forced Bright Eyes to reduce the price for its solution to $3 (to maintain market share and the 3:1 ratio of solution to lens), how many lens sets must be sold for the company to break even?
Answer:
A . Break even point = 19,800,000 units
B . Break even point on lens = $14,850,000
Explanation:
Given:
Ratio between wetting solution and lens = 3:1
Sales price of lens = $36
Contribution margin ratio = 50%
Sales price of wetting solution= $6
Variable cost on wetting solution = $1
Total Fixed cost = $9,900,000
A . Computation of Break even point:
Break even point = Total Fixed cost / Contribution margin ratio
Break even point = $9,900,000 / 50%
Break even point = 19,800,000 units
B . Computation of Break even point on lens:
Break even point on lens = 19,800,000 × lens ratio × $3
Break even point on lens = 19,800,000 × (1/4) × $3
Break even point on lens = 19,800,000 × 0.25 × $3
Break even point on lens = $14,850,000
A circuit board manufacturer estimates the yearly demand to be 1,000,000. It costs $400 to set up the 3D printer for the circuit board, plus $10 for each one produced. If it costs the company $2 to store a circuit board for a year, how many should be produced at a time and how many production runs will be needed to minimize costs
Answer:
The manufacturer have to produce 20,000 circuit boards per run with 50 production runs
Explanation:
Let x = number of circuit boards to be produced
An average of x/2 circuit boards are stored throughout the year at a cost of $2 each;
so annual storage cost = x/2*2 = x
Note: it costs $10 each to produce x circuit boards and $400 to set up
Therefore, The cost per run = 10x + 400
The 1,000,000 circuit boards at x circuit board per run would require 1000000/x runs.
Therefore, production costs = cost per run * production run
production costs = (10x + 400)*(1000000/x) = 10,000,000 + 400,000,000/x
Total cost C = storage cost + production cost
C = x + 10,000,000 + 400,000,000/x
Set c to zero and differentiate c with respect to x
0=1+0-400,000,000/x²
Therefore x = 20,000
Number of circuit boards that should be produced to minimize cost is 20,000
While the production runs needed = 1,000,000/x = 1,000,000/20,000= 50
The manufacturer have to produce 20,000 circuit boards per run with 50 production runs
Answer:
The Question here is about Minimizing Inventory Costs. It is a topic treated under the Supply Chain Management. It is a concept very crucial to the work of Supply Chain Managers, Operations Managers as well as Accounting and Finance professionals who are tasked with minimizing cost whilst maximizing profit.
Inventory costs may be reduced by:
• Avoid Minimum Order Quantities
• Know Your Reorder Point.
• Organize Your Warehouse.
• Get Rid of Obsolete Stock.
• Implement a Just-in-Time Inventory System.
• Use Consignment Inventory.
• Reduce Your Lead Time.
• Monitor KPIs
The minimum inventory cost according to the factors given in the question above is:
See how we got there below:
Explanation:
Step 1
Number of Circuit Boards expected to be sold in a year = 1,000,000
Cost of each Circuit Board = $10
Cost of Setting up the 3D printer = $400
Cost of Storage for each Circuit board = $2
Step 2
Let
x = the number of circuit boards in each run
Storage Costs as in the question, an average of ([tex]\frac{X}{2}[/tex]) circuit boards are stored throughout the year, at a cost of $2 each, so annual storage costs are
Storage Costs = [tex]\frac{X}{2}[/tex]* 2 = x
Therefore Storage Costs = x
Production Costs The cost per run is given below:
Cost Per Run = (10x + 400) this is x Circuit Boards at $10 each, plus $400 set up costs
The 1,000,000 circuit boards at x circuit boards per run = [tex]\frac{1,000,000}{X}[/tex]
Therefore production costs are:
(Production Cost ) = (10x + 400) * ([tex]\frac{1,000,000}{X}[/tex])
The above expression is cost per run multiplied by number of runs
Total cost The total cost is storage cost plus production cost:
C(x) = x + (10x +400) (1,000,000/x)
Opening up the brackets we have
> C(x) = x + 10,000,000 + (40,000,000/x)
Step 3
For minimum cost the first derivative of the cost function will be equal to 0. Hence differentiating C(x) respect to x and equating to 0 gives:
C'(x) = x + [tex]\frac{40000000}{X}[/tex] + 10,000,000 = 0
First Derivative =
1 - (40,000,000/[tex]X^{2}[/tex]) = 0
1 = [tex]X^{2}[/tex]/40,000,000
[tex]X^{2}[/tex] = 40,000,000
X = [tex]\sqrt{40,000,000}[/tex]
X = 6324.55532034
X is approximately equal to 6,325
So by the second derivative test,
C'' (X) = [tex]\frac{80,000,000}{X^{3} }[/tex] > 0
= 430.886938006 or approximately 431
Therefore
Now for the cost the total number of orders placed at a time will be
= [tex]\frac{6,325}{431}[/tex]
= 14.6751740139 or approximately 15
Step 4
Therefore for minimizing inventory cost, the order size should be 431 Circuit Boards per order, ordered 15 times in a year.
Cheers!
Losses on purchase commitments are recorded at the end of the current year when:______.A. The purchase contract is irrevocable.B. The contractual cost of the inventory in an irrevocable purchase contract exceeds the current cost.C. The current cost of the inventory is less than the inventory cost in the purchase contract.D. The buyer purchased a quantity of inventory that was not sufficient to avoid a LIFO liquidation.
Losses on purchase commitments are recorded at the end of the current year when the contractual cost of the inventory in an irrevocable purchase contract exceeds the current cost.
Explanation:
In order to recognise a failure, both qualities are needed.
The organisation must fulfil a deal by charging more than current costs over a later period and is therefore at the end of this year in a losing situation.
In the financial statements of the preceding journal entry the purchasing obligation loss is recorded. The deduction is the deficit reported in the company's income statement in the time during which price declines happened.
In Sheridan Company, the Cutting Department had beginning work in process of 9000 units, transferred out 24600 units, and had an ending work in process of 3500 units. How many units were started by Sheridan during the month?
Answer:
The 21,100 units were started through company during the month
Explanation:
The number of units were started through company during the month is computed as:
Number of units were started = Transferred out units - Ending work in progress units
where
Transferred out units is 24,600
Ending work in progress units is 3,500
Putting the values above:
Number of units were started = 24,600 - 3,500
= 21,100
Therefore, 21,1600 units were started through company during the month.
Note: The beginning work in progress will be considered as number of units in started is computing.
You learn that the Volonian government has canceled the trade licenses of several firms in the e-learning market in the past due to censorship issues.
In this situation, what measures are most likely to help Gerlach Publishing acquire a trade license?
Answer:
The measures is to get the Government in developing and shaping of contents of the e-learning software.
Explanation:
By getting the Government agent(s) or authority in the development and shaping of contents of the software, you are not only creating harmony with the local government but also ensuring that the agent helps scrutinizing the content of the software and also ensuring that the software does not contain any content that is objectionable to the government and this measure will definitely help Gerlach Publishing acquire a trade license.
To acquire a trade license in Volonia, Gerlach Publishing should adhere to local regulations, ensure their content respects societal norms, engage local legal consultants, and maintain open communication with authorities.
Explanation:In light of the Volonian government's previous cancellation of trade licenses in the e-learning market due to censorship issues, the approach Gerlach Publishing should take needs to focus on compliance and transparency. This includes strict adherence to local regulation laws and ensuring non-violation of any censorship rules.
Depicting strong commitment towards promoting free and respectful dialogue in their e-learning materials could be beneficial. This can be achieved by implementing robust internal review processes to ensure all content is suitable and respects the norms and values of Volonian society.
Engaging local legal consultants to understand the nuances of Volonian law can also aid in the process. Lastly, establishing and maintaining open communication with the authorities demonstrating their dedication to lawful practices could be advantageous.
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To prepare for success, an aspiring entrepreneur should find a(n) _____ who is leading the type of life that the entrepreneur envisions for the future and who can be a guide and sounding board as well as champion and gateway to people the entrepreneur would otherwise not have been able to meet.
Answer:
Mentor
Explanation:
Mentor is an individual that is perceived as being more experienced and successful in a particular field, the less experienced person learns from the mentor with an aim of becoming like the mentor.
It is important for an aspiring entrepreneur to get a mentor who will advise on best actions to take in building a successful business, and also pitfalls to avoid.
It is possible to have more than one mentor, for example mentor in business, in personal development, in academics, and so on.
Yittercorp regularly trades in securities on a national exchange. The company is a widely-held corporation with 600 shareholders and $15 million in assets. Which of the following is true concerning the company’s requirement to report to the SEC?
a)Must file annual and quarterly financial reports
b)Requirement to file depends on the company’s assets and shareholder base.
c)Not required to report information to the SEC.
d)Required to report major business developments and must file annual and quarterly financial reports.
Answer:
The Correct answer is D "Required to report major business developments and must file annual and quarterly financial reports"
Explanation:
SEC expects organizations to fill the Form 10-K for yearly reports while Form 10-Q for their quarterly reports, and report the business advancement, for example, budgetary exchange, mergers, procurement and so forth to them consistently
Answer:
Required to report major business developments and must file annual and quarterly financial reports ( D )
Explanation:
Large companies who regularly trades in securities on a national exchange is required by law under the security and exchange commission to report major business developments and must file annual and quarterly financial reports using form 10-K and form 10-Q made available by the security and exchange commission
The U.S security and exchange commission is an independent government agency charged with the responsibility of regulating financial markets by maintaining fair and efficient market and also protecting investors
Firm X owns both a grocery store and the parking lot outside the grocery store. In order to increase the traffic at the store, the store should a. Decrease the prices on the goods sold in the store b. Increase the parking rates c. All of the above d. None of the above
Answer:
a. Decrease the prices on the goods sold in the store
Explanation:
When the parking rates are increased, customers will be discouraged from coming to Firm X's grocery store as they know they will have to pay an extra an amount of money just to shop at your grocery store. Therefore customers will not want to come to the grocery store, thereby reducing the traffic at the store.
On the other hand, decreasing the prices on the goods sold in the store will attract more customers as their purchasing power has been increased. This in turns increases the traffic at the store.
You hear from a friend that you should invest in bonds, and that Pepsi Co should be a solid (safe) investment because everyone drinks Pepsi. After looking up the information, you find the following. Calculate the current price you Pepsi Co bonds would cost today. Assume that the bond is based off of the highlighted portions as seen to the right, and that the YTM is 3.27%
Issue Date: 2/24/2016
Coupon rate: 2.850%
Maturity Date: 2/24/2026
Number of payments per yr: 2
insert the following information:
PV
I/Y
N
PMT
FV
Answer:
$964.42 approx.
Explanation:
Current value of a bond is the present value of it's future stream of coupon payments as well as it's redemption value upon maturity.
Here, coupon rate = 2.850/2 = 1.425% per period
N = no of periods = 10 years × 2 = 20 periods
Face Value = $1000 assumed
Yield to maturity (YTM) = 3.27/2 = 1.635%
Present Value or [tex]B_{0}[/tex] shall be calculated as:
[tex]B_{0} = \frac{C}{(1\ +\ YTM)^{1} } \ +\ \frac{C}{(1\ +\ YTM)^{2} } \ +........+\ \frac{C}{(1\ +\ YTM)^{20} } \ + \frac{RV}{(1\ +\ YTM)^{20} }[/tex]
[tex]B_{0} = \frac{14.25}{(1\ +\ .01635)^{1} } \ +\ \frac{14.25}{(1\ +\ .01635)^{2} } \ +........+\ \frac{14.25}{(1\ +\ .01635)^{20} } \ + \frac{1000}{(1\ +\ .01635)^{20} }[/tex]
[tex]B_{0}[/tex] = 16.94 × 14.25 + 722.99 = 241.4280 +722.99
[tex]B_{0}[/tex] = $ 964.418
Thus, current price of the bond is $964.42 approx.
Alan Fillmore’s lifelong dream is to own his own fishing boat to use in his retirement. Alan has recently come into an inheritance of $410,900. He estimates that the boat he wants will cost $334,300 when he retires in 6 years. Click here to view factor tables How much of his inheritance must he invest at an annual rate of 4% (compounded annually) to buy the boat at retirement? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)
Answer:
$264202
Explanation:
We use the present value formula to calculate the money to be invested now in order to get 334300
PV = FV *1/(1+R)^n
334300*1/(1.04)^6
=$264202
In addition to marketing life insurance, life insurers typically sell which of the following products? I. Retirement annuities II. Disability income insurance
Answer:
The correct answer is letter "C": both I and II.
Explanation:
Retirement annuities are perpetual payments received by insurance companies as the result of hiring an insurance paid in a lump sum or small payments. Disability income insurance is one hired to provide employees a percentage of their regular salary when they are not working as a result of an illness or disability while still being employed.
Both types of insurances mentioned above are offered by insurance companies offering life insurances.
Newham Corporation produces and sells two products. In the most recent month, Product R10L had sales of $23,000 and variable expenses of $10,070. Product X96N had sales of $36,000 and variable expenses of $17,660. The fixed expenses of the entire company were $45,980. The break-even point for the entire company is closest to:
Answer:
$865.75
Explanation:
The computation of break even point is given below:-
Total sales
= $23,000 + $36,000
= $59,000
Total variable cost
= $10,000 + $17,660
= $27,660
So, contribution margin = Total sales = Total variable cost
= $59,000 - $27,660
= $31,340
Profit volume ratio = (Contribution margin per unit) ÷ (Total sales) × 100
= $31,340 ÷ $59,000 × 100
= 53.11%
Since, the break even point = Fixed cost ÷ profit margin ratio
= $45,980 ÷ 53.11%
= $865.75
Most viewers of the sitcom Blonde Dream also watch Euphony, a music-based reality show, which is broadcast immediately after Blonde Dream.
An ad for Savor chocolates placed during both of these shows would most likely result in:
A. average coverage.
B. unduplicated reach.
C. duplicated reach.
D. increased sweeps periods.
E. high cost per thousand.
Answer:
The correct answer is letter "C": duplicated reach.
Explanation:
Duplicated reach refers to an advertisement that could have been seen by the same individual in the audience through different mediums. The activity receives the name of duplicated reach but the promotion can reach people through multiple ways such as television, radio, the internet, social media, billboards, to mention a few.
In the example, the Savor chocolate advertisement has a double reach since it is portrayed during the transmission of two different TV shows using one single channel (television).
Each week your supervisor holds a meeting in which he invites you and all the other employees to give feedback regarding current projects. According to path-goal theory, which behavior best describes your supervisor
Answer: Participatory leadership
Explanation:
Participatory leadership was considered a controversial and tedious way to lead the troops. The old view of leadership was the hierarchal which was style based on hierarchy, then participatory leadership was not common.
Overtime, due to problems encountered within the corporate sphere and after the reduction in customers trust, participatory leadership is now more popular. It is the style that encourages employees to give their ideas and inputs in the company's decision making. The staff gives useful information on company issues.