Answer:
The percent change in labor productivity is 22%
Explanation:
Listing out the parameters given:
labor productivity (2009) = 3.33 units/hr,
labor productivity (2010) = 4.27 units/hr
To calculate the percent change in labor productivity, we have it thu:
percent change in labor productivity = [labor productivity (2010) - labor productivity (2009)] ÷ labor productivity (2010)
Let's assume 'Labor productivity' = LP
%Δ in LP = [tex]\frac{LP _2_0_1_0 - LP _2_0_0_9}{LP _2_0_1_0}[/tex] * 100% =[tex]\frac{4.27 - 3.33}{4.27}[/tex] * 100%
%Δ in LP = [tex]\frac{0.94}{4.27}[/tex] * 100% = 22%
%Δ in LP = 22%
This shows an increase in computer manufacturing from 2009 to 2010 by 22%
Answer:
percentage change in labor productivity = 28.23%
Explanation:
In 2009 the computer manufacturer had a labor productivity of 3.33 units per labor hour. In 2010 the productivity increased to 4.27 units per labor hour.
The percentage change in labor productivity can be calculated as
change in labor productivity = New labor productivity - Old labor productivity
percentage change in labor productivity = change in labor productivity/old labor productivity × 100
Old labor productivity = 3.33 unit
New labor productivity = 4.27 unit
change in labor productivity = 4.27 - 3.33 = 0.94
percentage change in labor productivity = 0.94/3.33 × 100
percentage change in labor productivity = 94/3.33
percentage change in labor productivity = 28.2282282282
percentage change in labor productivity = 28.23%
Caspian Sea Drinks needs to raise $41.00 million by issuing bonds. It plans to issue a 14.00 year semi-annual pay bond that has a coupon rate of 5.07%. The yield to maturity on the bond is expected to be 4.84%. How many bonds must Caspian Sea issue? (Note: Your answer may not be a whole number. In reality, a company would not issue part of a bond.)
Answer:
Explanation:
Coupon rate = 5.07%
Yield to maturity = 4.84%
Rate = Yield/2 = 2.42%
N = 14 = 14*2 semiannually = 28 semiannually
Face value = $1000
PMT = (face value*coupon rate)/2 = $25.35
Need to find price which is PV
Using the financial calculator, PV = $1023
Number of bonds to be issued = 41,000,000/1023 = 40,078
A Two hazardous environment facilities are being evaluated, with the projected life of each facility being 10 years. The company uses a MARR of 15%. Using rate of return analysis, which alternative should be selected?
Alternative A Alternative B
First Cost, $ 615,000 300,000
O & M Cost, $ 10,000 25,000
Annual Benefits, $ 158,000 92,000
Salvage Value, $ 65,000 -5,000
(A) Alt. B
(B) Neither
(C) Alt. A
(D) Either Alt. A or Alt. B
In order to select the best alternative between A and B using rate of return analysis, we need to calculate the equivalent annual worth (AW) for each alternative. The option with the highest AW and greater than the MARR (Minimum Attractive Rate of Return which is 15% in this case) should be selected.
Explanation:The subject question involves an engineering economic analysis known as Rate of Return Analysis. In this analysis, an equivalent annual worth (AW) is calculated for each alternative. The choice should be based on the one with the maximum AW, assuming that it is greater than the MARR (Minimum Attractive Rate of Return).
Net Cash Flow = Annual Benefits - O & M cost, need to calculate this for both alternatives for each year. The NPW (Net Present Worth) for each alternative is calculated by subtracting the initial investment from the present worth of the net benefits over the 10 year lifespan, plus the present worth of salvage value, all discounted to present using a 15% rate. Finally, the equivalent AW for each case is obtained by multiplying the NPW by the capital recovery factor.
Whichever alternative get a higher AW and if greater than MARR, it would be the ideal choice. Without numerical values, a definitive answer can't be provided between alternatives A and B.
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If you buy the stock and plan to sell it 3 years from now, what are your expected cash flows in (i) year 1; (ii) year 2; (iii) year 3? (Do not round intermediate calculations. Round your answers to 2 decimal places.)
Answer and Explanation:
Year 1 Dividend = 1.04
Year 2 Dividend = 1.08
Year 3 Dividend = 1.12
Year 3 Sale of Stock = 14.62
Year 1 Total Cash Flow = 1.04
Year 2 Total Cash Flow = 1.08
Year 3 Total Cash Flow = 15.74
What is the relevance of quantitively measauring the competitive strength of each business in a diversified companys business portfolio and determining which business units are strongest and weakest?
Answer:
The response options are as follows:
to. to have a quantitative basis for rating them from strongest to weakest in terms of contributing to the corporate parent's revenue growth.
b. to compare resource strengths and weaknesses, business by business.
c. to have a quantitative basis for identifying which businesses have large / small competitive advantages or competitive disadvantages vis-a-vis the rivals in their respective industries.
d. to have a quantitative basis for rating them from strongest to weakest in contending for market leadership in their respective industries.
and. to have a quantitative basis for rating them from strongest to weakest in terms of contributing to the corporate parent's profitability.
The correct answer is: d. to have a quantitative basis for rating them from strongest to weakest in contending for market leadership in their respective industries.
Explanation:
One of the keys to successful business is competitiveness, which is understood as the ability of a company to maintain constant growth, in terms of ability to design, produce or market goods and services. Including an analysis of competitiveness, as part of the strategic planning of a company, allows you to know in detail what is happening internally and externally. In addition, it serves to detect the different opportunities and threats (external), weaknesses and strengths (internal) of a company. Also, knowing the degree of competitiveness is vital to understand how to project in the future and how to act to achieve the goals effectively and efficiently.
A competitive company is able to react quickly and correctly, a skill that is developed through the observation of factors. It is a concept of comparative nature since it is measured through parameters of efficiency and quality of the other companies that compete in the regional, national or world market. Four attributes converge in the competitiveness of a company: the conditions of the factors and those of the demand, the support and related industries. The different combinations that may arise from these attributes are what determine whether a company is a successful case of competitiveness or not. In other words, effective combinations lead to innovation, growth, increasing levels of efficiency, etc.
Select best example below illustrative of transaction costs.a. All of the above b. The costs of various dinners during which a client and vendor met. c. The cost of a business consultant hired to help improve company processes. d. The cost of hiring an accountant in order to file federal and state taxes.
Answer:
The correct option is A
Explanation:
Transaction costs are the whole array of costs associated with selling, buying, transferring goods etc.
Transaction costs can be of different types which are:
search costsmonitoring costsBargaining coststransfer costs etc.Raw materials purchased on account, $102,000. Direct materials used in production, $42,500. Indirect materials used in production, $15,000. Paid cash for factory payroll, $55,000. Of this total, $37,000 is for direct labor and $18,000 is for indirect labor. Paid cash for other actual overhead costs, $8,375. Applied overhead at the rate of 125% of direct labor cost. Transferred cost of jobs completed to finished goods, $72,600. Sold jobs on account for $104,000. The jobs had a cost of $72,600.
Answer:
Journal Entries are given below in explanation.
Explanation:
Account Dr Cr
1.Raw materials 102000
Account payable-Liability 102000
The Materials are purchased in credit.
2. Work In Process 42500
Direct materials / Raw materials 42500
Entry for Materials used in Production.
3. Factory Overhead 15000
Raw materials 15000
Entry for indirect materials used in production
4. Factory payroll- Salaries 55000
Cash / Bank 55000
Salaries to employees are paid through cash.
5. Direct Labor / Work in Process 37000
Factory Overhead / Indirect labor 18000
Factory Payroll 55000
6. Overhead 8375
Cash / bank 8375
7. Work in process 46250
Applied Overhead 46250
Applied overhead is charged as 125 % of direct labor cost.
8. Finished Goods 72600
Work In Process 72600
Transfer of inventory from Work in process to Finished Goods
9. Accounts Receivable 104000
Sales Revenue 104000
Cost of goods sold 72600
Finished Goods 72600
Entry for selling finished job on account.
Preferred Stock, 7%, $115 par $1,170,000 Common Stock, $1.50 par 300,000 Paid in capital in excess of par, common stock 1,200,000 Retained earnings 2.500.000 Total $5,170,000 Based on the information above, how many shares of common stock are classified as issued?
A. 1,500,000
B. 1,000,000
C. 300,000
D. 200,000
Answer:
D. 200,000
Explanation:
As per given information
Preferred Stock, 7%, $115 par $1,170,000
Common Stock, $1.50 par $300,000
Paid in capital in excess of par, common stock $1,200,000
Retained earnings $2,500,000
Total $5,170,000
As common stock is reported on the par value we can calculate the number of share by simply dividing total value with par value.
Common Stock = $300,000
Number of shares = Common stock paid in capital / Par value
Number of shares = $300,000 / $1.50
Number of shares = 200,000 shares
200,000 share are classified as issued shares.
The term "podcasting" is a misnomer because podcasts ________. are concerned with the dissemination of information to a narrow audience cannot be played on Apple's iPods are not related to distribution of digital media for digital devices can be played on a variety of devices in addition to Apple's iPods are concerned with outsourcing tasks to a large group of people or community
The term "podcasting" is a misnomer because podcasts can be played on a variety of devices in addition to Apple's iPods
Explanation:
The term podcasting is a combination of two words -iPod(a personal digital audio player made by apple) and broadcast
Podcast is a free service that is provided by a podcasting website which allows the internet users to download audio files for their personal purpose (Like computer or audio players)
Examples of Podcasting include include Amazon Video, Hulu, and Netflix.
Podcasting is a marketing tool which is used by the Marketing agencies for advertisement of it various products
The term "podcasting" is a misnomer because podcasts can be accessed and played on a wide range of devices beyond just Apple's iPods, reflecting their broad accessibility and versatility in the digital media landscape.
Explanation:The term "podcasting" is considered a misnomer because podcasts can be played on a variety of devices in addition to Apple's iPods. Initially, the name podcasting evolved from the popularity of the iPod, suggesting a misleading exclusive association with these devices. However, podcasts are digital audio or video pieces that can be accessed conveniently on a wide range of computers and handheld digital devices, not just Apple's iPods. They represent a significant shift in the way information and entertainment are distributed and consumed, allowing for the dissemination of content to a broad or narrow audience depending on the nature of the podcast.
The versatility and accessibility of podcasts illustrate their capacity to reach listeners through multiple types of devices, making the term "podcasting" somewhat of an anachronism in the contemporary media landscape.
Unearned revenues are generally: Multiple Choice Revenues that have been earned and received in cash. Increases to common stock. Recorded as an asset in the accounting records. Liabilities created when a customer pays in advance for products or services before the revenue is earned. Revenues that have been earned but not yet collected in cash.
Answer:
i dont get it, is there a question?
Explanation:
On January 1, 2018, Gillock Climbing Academy instituted a defined benefit pension plan for its employees. The annual service cost for each year of 2018 and 2019 was $600,000. The interest rate used to determine the projected benefit obligation is 10%. Both the actual and the expected return on plan assets are 8% for both years. Gillock funded the plan in the amount of $400,000 each January 1, beginning on January 1, 2018. What amount of pension expense should Gillock report in its income statement for the year ended December 31, 2019?
Answer:
Pension Expense = EBE = $593440 for income statement
Explanation:
The opening balance of the Plan asset is made by the 40000 from 2018 plus interest of 32000 and the new 400000 made this year. Why include it? Because an opening balance are the funds in an account at the beginning of the year either from last year or are from current year but should be the first entry in the books of the current year.
DBO plan asset EBE
opening balance (600000) 832000 -
interest ( 60000) 66560 6560
current year's service cost (600000) (600000)
( 1260000 ) 898560 593440
balance sheet liability = 361440
Answer:
The pension expense to be reported in the income statement of Gillock for the year ended 31st December,2019 is $593,440.00
Explanation:
Find attached spreadsheet for detailed computation.
Assume that the pre-worker production function is yt = 2kt^0.5. The saving and depreciation rete retes are estimated at 0.2 and 0.04, respectively.
a. Calculate the capital-labor ratio steady state for this economy.
b. Calculate consumption per worker at the steady state.
Answer:
(A). It is given that the production function is [tex]Y_{t} = 2K_{t}^{0.5}[/tex]. All the variables are in per workers terms. Like y) is output per worker and lu is the capital-labor ratio.
The Depreciation rate is [tex]∞[/tex] = 0.04 and the Savings rate is [tex]S_{t}[/tex] = 0.2
a) At steady-state the change in capital is zero. The calculation of capital-labor ratio given steady state is as follows:
Δk = 0
[tex]SY_{t} - ∞K_{t} = 0[/tex]
[tex]0.2(2K_{t}^{0.5} ) = 0.04K_{t}[/tex]
[tex]0.4K_{t}^{0.5} = 0.04K_{t}[/tex]
[tex]K_{t} = 100[/tex]
Thus, the steady-state value of the capital-labor ratio is [tex]K_{t} = 100[/tex]
(b) to calculate consumption per worker, first calculate the output per worker and then calculate the consumption per worker. The calculations are as follows:
[tex]Y_{t} = 2K_{t}^{0.5}[/tex]
[tex]Y_{t} = 2(100)^{0.5}[/tex]
[tex]Y_{t} = 2(10)[/tex]
[tex]Y_{t} = 20[/tex]
The output per worker is 20
The calculation of steady-state value of the consumption per worker is as follows
C= (1—s) y
C = (1— 0.2)20
C= 0.8 x 20
C = 16
Thus, the consumption per worker at the steady state is 16
Answer:
a) K_t 100
b) Y_t = 200
Explanation:
When the economy is at steady state then, it will grow at zero it is only replacing for the depreciate capital.
So, savings times income (investment) matches Capital times depreciation rate
[tex]S \times Y_t = d \times K[/tex]
[tex]0.2(2K_t^{0.5})= 0.04K_t\\0.4K_t^{0.5} = 0.04K_t\\K_t = (\frac{0.04K_t}{0.4})^2 \\K_t = 0.01K_t^2\\\\0 = 0.01K_t^2 - K_t\\$We solve the root: K_t = 100[/tex]
(The previous istep is made with the quadratic formula)
second question:
Now, we solve for C per worker at this rate
[tex]Y_t= 2K_t^{0.5}\\Y_t = 2(100)^{0.5}\\\\Y_t = 20[/tex]
Multi-source, or ____________, recognizes that the manager is no longer the sole source of performance appraisal information.
a) team appraisal
b) outside raters
c) peer evaluation
d) 360 degree feedback
Answer:
360 Degree Feedback
Explanation:
360 Degree Feedback or appraisal is a strategy or procedure in which employees of an organization during appraisal receive confidential, anonymous feedback from the other staff who work with them. This generally comprises the employee's manager, peers, and direct reports. That is as the name implies it has to go round, top to bottom. A variety of about eight to twelve people are expected fill out the anonymous online feedback form that asks questions encompassing a vast spectrum of workplace competencies. The appraisal forms include questions that are assessed on a rating scale and also ask raters to submit written statements. The person receiving appraisal also fills out a self-rating survey that includes the same survey questions that others receive in their forms.
One-time shocks to a time series from a distinctly external influence, such as a sudden dip in consumer sales after a disruptive event, are called _____ variations. a. natural b. exogenous c. Black Swan d. unknown
Answer:
b. exogenous
Explanation:
Exogenous variations are variations that occur in one independent variable that helps one predict one or more dependent variables in a model.
Endogenous variations on the other hand are values that are determined by other variables ( these controlling variables are exogenous variables).
So in this scenario one-time shocks to a time series from a distinctly external influence (exogenous variable), such as a sudden dip in consumer sales (endogenous variable) after a disruptive event.
Answer: B. Exogenous
Explanation: Exogenous variations are caused by variables that are not affected by other variables in the system. Their values are determined outside the model and as such are imposed on the model; they are fixed when they enter the model, are taken as a “given” in the model, and are not determined or explained by the model. They also influence endogenous variations in the model. For example, a change in the consumer's income, sudden dips in consumer sales after a disruptive event etc.
Manufacturing had 1,000,000 shares of common stock issued and outstanding at December 31, 2017. On July 1, 2018 an additional 1,000,000 shares were issued for cash. Vaughn also had stock options outstanding at the beginning and end of 2018 which allow the holders to purchase 299000 shares of common stock at $26 per share. The average market price of Stine's common stock was $35 during 2018.
(A) The number of shares to be used in computing diluted earnings per share for 2018 is _________.
Answer:
(A) The number of shares to be used in computing diluted earnings per share for 2018 is 1,576,886 shares
Explanation:
Diluted Earning per share is calculated dividing Eaning or the year excluding preferred dividend by weighted average number of shares.
Weighted Average Number of Diluted Shares = ( 1,000,000 x 6/12 ) + ( 2,000,000 x 6/12 ) + [ (35-26 / 35) x 299,000 ) ]
Weighted Average Number of Diluted Shares = 500,000 + 1,000,000 + 76,886
Weighted Average Number of Diluted Shares = 1,576,886 shares
Vintage Weaponry is owned and operated by a craftsman who makes replicas of historic firearms for museums, sportsmen, and collectors. He is currently producing 40 flintlock muskets per month. Data are as follows: Sales price per unit $800 Variable cost per unit 470 Fixed costs per month 10,230 If Vintage expects to sell 60 units per month, how much is his margin of safety expressed in sales revenue?
Final answer:
The margin of safety in sales revenue, when Vintage Weaponry expects to produce and sell 60 units per month, is calculated to be $23,200.
Explanation:
To calculate the margin of safety expressed in sales revenue, we need to find the difference between the actual or expected sales and the break-even sales. The formula to calculate the margin of safety is:
Margin of Safety = (Actual Sales – Break-even Sales).
We are given the following information:
Sales price per unit: $800Variable cost per unit: $470Fixed costs per month: $10,230Current production: 40 units/monthSince Vintage plans to produce 60 muskets a month now, we need to initially find the break-even point in units, which is the point at which total sales cover total costs (fixed and variable).
The break-even point in units is calculated by:
Break-even Point (units) = Fixed Costs / (Sales Price per Unit – Variable Cost per Unit).
Break-even Point (units) = $10,230 / ($800 - $470) = $10,230 / $330 = 31 units (approximately).
To find the break-even point in sales revenue, we multiply the break-even units by the sales price per unit:
Break-even Sales = Break-even Point (units) × Sales Price per Unit = 31 units × $800 = $24,800.
Now, we find the anticipated actual sales revenue for 60 units:
Actual Sales = 60 units × $800 = $48,000.
Finally, we calculate the margin of safety in sales revenue:
Margin of Safety = Actual Sales – Break-even Sales = $48,000 – $24,800 = $23,200.
Therefore, the margin of safety in sales revenue is $23,200.
Demarco and Janine Jackson have been married for 20 years and have four children who qualify as their dependents (Damarcus, Janine, Michael, and Candice). The couple received salary income of $100,000 and qualified business income of $10,000 from an investment in a partnership, and they sold their home this year. They initially purchased the home three years ago for $200,000 and they sold it for $250,000. The gain on the sale qualified for the exclusion from the sale of a principal residence. The Jacksons incurred $16,500 of itemized deductions, and they had $3,550 withheld from their paychecks for federal taxes. They are also allowed to claim a child tax credit for each of their children. However, because Candice is 18 years of age, the Jacksons may only claim the child tax credit for other qualifying dependents for Candice. (Use the tax rate schedules.)
Solution:
(1) Net sales $110,000 $100,000 Wage benefit + $10,000 QBI.
Winning $50,000 home prices is exempt.
(2) Deductions for AGI 0.
(3) Adjusted gross income 110,000 (1) − (2)
(4) Regular deduction 24,000 Married registration together.
(5) 16,500 deductions, which have been recorded.
(6) Greater regular allowances or comprehensive allowances 24,000 24,000 Greater of (4) or (5)
(7) Deduction for qualified business income 2,000 $10,000 QBI × 20%
(8) Total deductions from AGI 26,000 (6) + (7)
(9) Taxable income $ 84,000 (3) − (8)
(10) Income tax liability $ 10,359 (84,000 - 77,400) × 22% + 8,907 (see tax rate schedule for married filing jointly).
(11) Other taxes 0
(12) Total tax $ 10,359 (10) + (11)
(13) Credits (6,500 ) Child credits for four children (3 ×$2,000 + 1 × $500)
(14) Prepayments (3,550 )
Tax due with return $ 309 (12) + (13) + (14)
The Master Manufacturing Company has just announced a tender offer for its own common stock. Master is offering to buy up to 100% of the company's stock at $20 per share contingent on at least 64% of the outstanding shares being tendered. After the announcement of the offer, the stock closed on the NYSE up 2.50 at $18.75. If a customer had 100 shares and sold at tomorrow's opening price, what is the price that he would receive per share?
A. $18.75
B. $20.00
C. $20.50
D. $21.25
Answer:
b.$18.75
Explanation:
The customer will receive the stock at this price because master manufacturing company's stock is contingent at 64% and we are told that this is a tender offer so when master buys back the shares they wont buy at the same price in which they sold for which is $20.00 that way they wouldn't make more profit from the shares where contingency is assurance that master manufacturing can transfer 64% of the shares back.
Joe wants to be able to purchase a dream car on January 1,2004, just after he graduates from college. Joe has had a part time job and started making deposits of $475 each month into an account that pays 18% compounded monthly beginning with the first deposit on February 1, 1999. The last deposit is to be made on January 1, 2004. Determine how much money he would have saved to buy the car.
Answer:
The money he would have saved to buy the car is $ 45701.96
Explanation:
Joe started making the deposits of $ 475 each month. This deposits pays 18% compounded interest monthly begining on february 1, 1999 with the first deposit.. Rememberd that the last deposit is to be made on january 1, 2004.
The total number of periods then is 60 and the interest rate will be of 1,5%=18%/12.
You will have to calculate the future value to know how much money he would have saved to buy the car.
F= 475(1+0,015)∧60-1
0,015
F= 475(1,015)∧60-1
0,015
F= 475(2.4432-1)
0,015
F= 475 × 1.4433
0,015
F= 475(96.21)
F= $45701.96
In an increasing-cost industry, A. all firms have decreasing returns to scale. B. all firms have constant returns to scale. C. all firms have increasing returns to scale. D. input prices increase when the industry expands and produces more output.
Answer: In an increasing cost industry, input prices rises when the industry expands and produces more output.
Explanation:
An increasing-cost industry is an industry where the costs for production rises as more companies compete. Production cost is low when there are few players in the industry. However, when there are many newcomers, the demand for resources rises. Subsequently, the costs of the resources(inputs) will increase. This situation thereby creates an increasing-cost industry.
In an increasing-cost industry, input prices increase when the industry expands and produces more output. This is due to competition for resources against other industries and is not related to the returns to scale at the firm level.
Explanation:In regards to an increasing-cost industry, the correct statement would be D. input prices increase when the industry expands and produces more output. This scenario happens when an entire industry expands output, it competes for resources against other industries, which can drive up the cost of input. For instance, if the coal industry expands rapidly, the demand for miners will increase, causing wages to rise. This increase is passed on to all firms in the industry, leading to increased costs. Simple, increasing-, constant-, and decreasing-returns to scale are in relation to output increase with proportional input increase in a firm level. However, they aren't directly associated with the nature of industry cost structure when an industry expands.
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A school realizes that they need a new copy machine for their main office. The copy machine costs $5,500. After speaking with the financial advisor, they decide to pay 20% of the cost of the machine in cash and finance the rest through their credit union. How much is their monthly payment if the credit union will charge 2% per year compounded monthly for 2 years
Answer:
$187.18
Explanation:
In this question, we use the PMT formula that is shown on the attachment below:
Given that,
Present value = $5,500 - $5,500 × 20% = $4,400
Future value = $0
Rate of interest = 2% ÷ 12 months = 0.16666%
NPER = 2 × 12 months = 24
The formula is shown below:
= PMT(Rate;NPER;-PV;FV;type)
The present value come in negative
So, after solving this, the monthly payment is $187.18
The monthly payment for financing the copy machine is $98.10.
Explanation:To calculate the monthly payment for financing the copy machine, we first need to find the amount financed. The school pays 20% of the cost of the machine in cash, so they finance the remaining 80%.
Amount financed = $5,500 * 0.8 = $4,400
Next, we need to calculate the monthly interest rate. The credit union charges 2% per year compounded monthly, so the monthly interest rate is 2% / 12 months = 0.1667%.
Using the formula for calculating the monthly payment on a loan:
Monthly payment = (Amount financed * Monthly interest rate) / (1 - (1 + Monthly interest rate)^(-Number of payments))
Number of payments = 2 years * 12 months = 24
Substituting the values into the formula:
Monthly payment = ($4,400 * 0.1667%) / (1 - (1 + 0.1667%)^(-24))
Monthly payment = $98.10
Aaron purchased footballs from Matthew for $370. Matthew had purchased the footballs from Tom by providing Tom with a bad check. Tom contacted Matthew after he learned Matthew did not have sufficient funds in his account and demanded that Matthew return the footballs. Matthew informed him that he had already sold them to Aaron.
Answer:
The principle in Law 'Nemo dat quod non habet' states that an individual connot give what he does not have
Indeed Tom can rescind the contract with Matthew as he possesses voidable title to the balls
Explanation:
Until consideration has moved from Matthew to Tom the validity of the agreement/Contract remains inconclusive.
Considering his Account is not funded means he has no valid title to the Balls, he is merely in possession of the Balls but not the Owner.
Tom can sue demanding a return of the Balls irrespective of Matthew having sold them to Aaron.
Another illustration could be given of a thief who sells off a property. Inspite of the Buyer being unaware, because the thief has a voidable title it makes the transaction invalid.
Catherine Stevens has been assigned the task of preparing a marketing plan for her company for their next year's business activities. She knows that she should begin her plan by examining the variables that she has some control over. These controllable variables would include price, product, channels-of-distribution, and:__________
Answer:
Promotion.
Explanation:
Promotion is defined as the various activities that are carried out in bringing information about a product to the consumer. Various means are used to promote a product including advertisement via radio, television, internet, or newspapers. Referral is also used to promote products, and word of mouth.
Promotion is one of the four Ps of the marketing mix.
Marketing mix used is unique to a particular bcustomer type, for example the internet is a better channel to promote products to college students than newspapers.
Marketing mix is made up of price, product, place, and promotion.
In preparing a marketing plan, Catherine Stevens should consider controllable variables like price, product, channels-of-distribution and most importantly, promotion. These variables, alongside understanding of the market structure and production costs, will guide her towards optimal marketing strategies.
Explanation:Catherine Stevens is preparing a marketing plan for her company's next year's business activities. One of the first steps in creating this plan is understanding and examining the variables over which she has some influence. Price, product, and channels-of-distribution are all controllable variables, as well as an important one called promotion.
Variables like these can indeed impact a company's marketing strategies, as they relate directly to market structure and production costs. Production costs, both fixed and variable, are important as they play a role in determining the profit-maximizing quantity to produce and the price to charge. Furthermore, the understanding of the market structure and competition is crucial as it can further shape marketing strategies.
The production decisions, including the controllable variables, not only affect a firm's behavior but also its competitive standing in the market, its profits, and thereby its long-term survival and success.
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On October 5, Windsor Company buys merchandise on account from Flint Company. The selling price of the goods is $4,890, and the cost to Flint is $3,490. On October 8, Windsor Company returns defective goods with a selling price of $670 and a fair value of $140. Record the transactions on the books of Flint. (Credit account titles are automatically indented when amount is entered Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the Part amounts.) Date Account Titles and Explanation Debit Credit o record credit sales (To record cost of goods sold on account) (To record credit granted for receipt of returned goods) /Tn rarn㎡ fair value nf nnnte raharnad)
Explanation:
The journal entries are as follows
1. Account receivable A/c Dr $4,890
To Sales revenue $4,890
(Being the goods are sold on credit)
2. Cost of goods sold $3,490
To Inventory $3,490
(Being the cost of goods is recorded)
3. Sales return and allowance A/c Dr $670
To Accounts receivable $670
(Being sales return is recorded)
4. Inventory $140
To Cost of goods sold $140
(Being sales return is recorded)
To record the journal transactions on the books of Flint Company, the Accounts Receivable, Sales, Cost of Goods Sold, Goods Inventory, and Sales Returns and Allowances accounts need to be debited and credited accordingly.
Explanation:To record the credit sales transaction on account, we will debit the Accounts Receivable account and credit the Sales account. The cost of goods sold on account is recorded by debiting the Cost of Goods Sold account and crediting the Goods Inventory account. The credit granted for the receipt of returned goods is recorded by debiting the Sales Returns and Allowances account and crediting the Accounts Receivable account.
The journal transactions will be -
1. Account receivable A/c Dr $4,890
To Sales revenue $4,890
(Being the goods are sold on credit)
2. Cost of goods sold $3,490
To Inventory $3,490
(Being the cost of goods is recorded)
3. Sales return and allowance A/c Dr $670
To Accounts receivable $670
(Being sales return is recorded)
4. Inventory $140
To Cost of goods sold $140
(Being sales return is recorded)
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Which type of pricing orientation guarantees revenue on every sale, but runs the risk of having a competitor with potentially lower costs who may then undercut the pricing to take more of the market share?
Answer:
The correct answer is: profit-oriented pricing.
Explanation:
Profit-oriented pricing is set by companies after determining the production of total costs per unit of the goods offered. After that, the profit is established typically as a percentage of the costs incurred. The problem with this method of costing is that the sum of the costs and the profit margin can result in a price that is higher than the average for the product.
Even worse, competitors may take advantage of that scenario to lower their prices to drag more consumers away from the profit-oriented pricing entity.
Nikki, the design and development manager at Holden, recalls a team project done in college that failed because individual members of the team refused to take ownership and responsibility. This is a common problem of teams known as _____.
Answer:
Social Loafing.
Explanation:
Nikki, the design and development manager at Holden, recalls a team project done in college that failed because individual members of the team refused to take ownership and responsibility. This is a common problem of teams known as social loafing. Social loafing can be defined as the process when people put less efforts and energy while working in a group or team as compared to when they work alone. People feel that other people will be putting efforts, therefore, they should not put much efforts. Efficient managers need to eradicate this phenomenon with the help of proper communication of goals and objectives to every member of the team. They should convey it to the every member that everyone's contribution will make this project effective and successful.
Lexy defined the needs and analyzed the competition for kids’ eyeglasses. She has also been collecting market information concerning what colors, designs, and shapes kids prefer for her company’s eyeglasses line for children. She analyzed the data and has presented it to the product manager of the line. What is one of the next steps for Lexy to take?
Answer:
The correct answer is letter "A": Determining price for the products.
Explanation:
After the competitors and features of the product have been identified in a project the next step involves setting the price. A cost forecast must be made so investors can determine how much they can charge to obtain profits. That price will be also an average of the price rival entities have set so the product entry in the market can be smooth.
First and foremost, I would like to thank you all for your ability to think outside the box. While it is easier said than done, you all fit the bill and remain true to form by creating marketing campaigns that pass with flying colors. As we move on to the next assignment as quick as a flash, remember that despite the turnaround speed of our projects, we can’t afford to shoot from the hip. We must stand our ground and remain the exception to the rule, producing promotions that are better than new and good to go. Last but not least, please save the date for our annual company BBQ on May 23.
Which of the following are clichés included in the preceding message? Check all that apply.
A. Stand our ground
B. The exception to the rule
C. First and foremost
D. Producing promotions
E. Better than new
F. True to form
G. Fit the bill
H. Easier said than done
I. Last but not least
Answer:
B. The exception to the rule
C. First and foremost
E. Better than new
G. Fit the bill
H. Easier said than done
I. Last but not least
Explanation:
Cliché is the colloquial term used to represent a phrase or a situation, a statement that has already been said exhaustively. These phrases were repeated so many times that they became a buzzword, something common, predictable, repeated and commonplace.
Basically, to find out which clichés are written in the text above, you just need to understand which expressions you heard a million times in your daily life. These expressions are:
The exception to the rule First and foremost Better than new Fit the bill Easier said than done Last but not leastClichés in the message include 'Stand our ground', 'First and foremost', 'The exception to the rule', 'Better than new', 'True to form', 'Fit the bill', 'Easier said than done', and 'Last but not least' (option A, C, B and E).
Explanation:The clichés included in the message are 'Stand our ground', 'First and foremost', 'The exception to the rule', 'Better than new', 'True to form', 'Fit the bill', 'Easier said than done', and 'Last but not least'. These phrases are used very frequently in day-to-day communication, hence classify as clichés. The term 'Producing promotions' does not classify as a cliché as it does not meet the definition - an overused phrase or opinion that betrays a lack of original thought.
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While conducting an audit, Larson Associates, CPAs, failed to detect material misstatements included in its client's financial statements. Larson's unqualified opinion was included with the financial statements in a registration statement and prospectus for a public offering of securities made by the client. Larson knew that its opinion and the financial statements would be used for this purpose. In a suit by a purchaser against Larson for common-law negligence, Larson's best defense would be that theA. audit was conducted in accordance with generally accepted auditing standards.B. client was aware of the misstatements.C. purchaser was not in privity of contract with Larson.D. identity of the purchaser was not known to Larson at the time of the audit.
Answer:
While conducting an audit, Larson Associates, CPAs, failed to detect material misstatements included in its client's financial statements. Larson's unqualified opinion was included with the financial statements in a registration statement and prospectus for a public offering of securities made by the client. Larson knew that its opinion and the financial statements would be used for this purpose. In a suit by a purchaser against Larson for common-law negligence, Larson's best defense would be that the audit was conducted in accordance with generally accepted auditing standards - option A.
Explanation:
In the scenario given, Larson did not have actual or constructive knowledge of the material misstatements so he audited according to the PCAOB auditing standards in the audit.
Thus, Larson's best defense would be that the audit was conducted in accordance with generally accepted auditing standards - option A.
Hilary is a retired teacher who lives in Miami and does some consulting work for extra cash. At a wage of $50 per hour, she is willing to work 10 hours per week. At $65 per hour, she is willing to work 19 hours per week.
Using the midpoint method, the elasticity of Hilary’s labor supply between the wages of $50 and $65 per hour is approximately ___ , which means that Hilary’s supply of labor over this wage range is ___ .
Answer:
Hilary is a retired teacher who lives in Miami and does some consulting work for extra cash. At a wage of $50 per hour, she is willing to work 10 hours per week. At $65 per hour, she is willing to work 19 hours per week.
Using the midpoint method, the elasticity of Hilary’s labor supply between the wages of $50 and $65 per hour is approximately 2.37 , which means that Hilary’s supply of labor over this wage range is elastic.
Explanation:
Midpoint elasticity = (Change in labor supplied / Average labor supplied) / (Change in wage rate / Average wage rate)
= [(19 - 10) / (19 + 10) / 2] / [$(65 - 50) / $(65 + 50) / 2]
= [9 / (29 / 2)] / [15 / (115 / 2)]
= (9 / 14.5) / (15 / 57.5)
= 0.62/0.26
Midpoint elasticity = 2.37
Once elasticity is greater than 1, supply of labor is Elastic.
Final answer:
Using the midpoint method, the elasticity of Hilary’s labor supply between the wages of $50 and $65 per hour is approximately 2.38, which means that Hilary’s supply of labor over this wage range is elastic.
Explanation:
The elasticity of Hilary’s labor supply can be calculated using the midpoint method. The formula for the elasticity of labor supply is:
Elasticity = (change in quantity supplied / average quantity supplied) / (change in wage / average wage)
Using Hilary's information, we know that:
The quantity supplied of labor increases from 10 hours to 19 hours.The wage increases from $50 to $65 per hour.So the elasticity will be calculated as follows:
Elasticity = ((19 - 10) / (19 + 10)/2) / (($65 - $50) / ($65 + $50)/2)
= (9 / 14.5) / (15 / 57.5)
= 0.6207 / 0.2609
= 2.38
This means that Hilary’s supply of labor over this wage range is elastic, as the elasticity of labor supply is greater than 1.
Willa and Westley are siblings who built a hair salon business from the ground up. They are now contemplating opening an additional salon location. The estimate to open an additional salon would mean adding $1 milion in expenses with their profit increasing by $400,000 each year for the next 5 years (all other things equal), Willa and Westley decide
A. to open a second salon because the marginal cost of the new salon is low compared to other simlar projects
B. to not open a new salon because the marginal costs prove to be too high
C. to take on the new salon because the expected marginal benetit ($2 mlton over 5 years)
The correct option is C
Explanation:
The annual profit increase = $400,000
The following formula is to be used in order to calculate the total profit enhancement in five years
The total profit increase in 5 years = 400000 multiply with 5 = $2,000,000 = $2 million , As compared to cost of $1 million.
Thus, The correct option is answer (C) To take on the new salon because the expected marginal benefit ($2 million over 5-years) is greater than the estimated marginal cost ($1 million).
They should open a second salon because the expected marginal benefit is $2 million over 5 years.
Explanation:Willa and Westley are considering opening an additional salon location. The estimate to open this salon is $1 million, but their profit is projected to increase by $400,000 each year for the next 5 years. Based on this information, they should open a second salon because the expected marginal benefit is $2 million over 5 years. The additional expenses of $1 million are outweighed by the increased profit they expect to earn.
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