Answer:
Description of the major tasks.
Deliverables.
Project schedule.
Related experience.
Project organization.
Equipments and facilities.
Explanation:
•Description of the major tasks explains the specific job duties, these duties are the major reasons for the project.
•Deliverables talks about the ability to quantify the project and what will be delivered when the work is completed.
•Project schedule: What needs to be done and the duration or time frame for which the project will be completed. It is the total work required for the project to be promptly delivered.
•Related experience : Any past job experience related to the project, a track record of successfully completed projects as it relates to the present project.
•Project organization: Structures put in place to facilitate supervision and implementation of every required project activity.
•Equipment and facilities: Items needed for the project to be completed.
Characteristics of oligopoly An oligopolistic market structure is distinguished by several characteristics, one of which is either similar or identical products. Which of the following are other characteristics of this market structure?
a. Market control by many small firms
b. Mutual interdependence
c. Market control by a few large firms
d. Neither mutual interdependence nor mutual dependence
e. Difficult entry
Answer:
a. Market control by many small firms
c. Market control by a few large firms
e. Difficult entry
Explanation:
The oligopoly is a type of market where only a few dominant firms operate in such markets. Each of these firms has a significant presence in the market and can influence the pricing process. A special form of oligopoly - if there are only two firms in the market - is called duopoly. In other words, oligopoly means that there are many buyers in front of a small number of firms that will affect each other in the same field of activity.
When one firm's decision-making activities of other firms in the same area of activity are unaware and independent of each other's activities, it does not represent an oligopoly concept. There are certain conditions for a market to be an oligopoly market. These are the conditions that differentiate firms operating in the same field from other markets.
Features of oligopoly:
- It is important that firms operating in the oligopoly market have a mutual relationship with one another. It is important to follow and evaluate the behavior of one firm in terms of both the business and the competition and the decisions it makes by another firm. Otherwise, it is not appropriate to talk about oligopoly.
- Goods and services produced in oligopoly markets are sometimes delivered to consumers in completely different and sometimes different ways. If the goods and services produced in the oligopoly market are completely identical or completely substituted for each other, they are called pure oligopoly. An example is the goods produced in the oil sector.
- Another feature of the oligopoly market, unlike other markets, is that firms that have entered this market have to take into account pricing strategies, production volumes, consumer masses and similar variables in the market. This is one of the features that indicate that access to the oligopolistic market is difficult.
Types of oligopoly:
-Cournot model is the first and most widely used model in duopol models. Thus, it was founded in 1938 by the French economist Agustin Cournot. Agustin Cournot investigated how much of the market will be sold by two separate firms that use the same mineral water as their raw materials. One of the firms produces goods for half of the aggregate market demand in terms of profit margin. The other company selects the rest of the market with a target mass and produces the appropriate goods. Quantity strategy, not price, is important here.
In contrast to the Cournot model in the Bertrand model, firms act in accordance with their pricing strategies instead of the sales volume. According to the price of the first firm on the commodity, the second firm offers a lower price than the consumer. Accordingly, the first firm also offers a lower price on the market than the second. This implies the concept of price competition and, in this case, continues to the minimum profit margin.
-Chamberlin model. Firm A is the only manufacturer of the same kind in the market. Company B enters the market and starts producing this type of product. Here Company B operates in accordance with the firm's market strategy and operates on its experience. Unlike other models, the two existing companies in the market understand that they are interdependent and act on a common point.
- The Edgeworth model is the first company in the market to maintain a high level of profitability. On the other hand, a second firm that enters the market from a competitive position and redirects the mass to itself. In response, the first firm drops prices compared to the second firm. At the same time, the second firm is lowering the price of the first firm again. As this competition continues, firms are already thinking that they have created their target mass at some point. In this case, they start to raise prices. In the end, a wave-price mechanism emerges. This price volatility in the market continues until firms realize they have to share the market .
- In the Stackelberg model, one of the two firms in the market is a leader and the other is a successor company. The leader firm does not regard the pursuit firm as a powerful competitor and enables it to operate in the market. The pursuant firm, in turn, operates for maximum profit from its falling market share.
Explain the importance of quality management and apply statistical quality control techniques.
Answer:
Explanation:
Quality management systems philosophy is a holistic understanding that accepts the system as a whole and sees quality as a customer-oriented common function of every element in this whole. In the most general sense, it is the whole of planned and systematic activities carried out with the aim of achieving the targeted quality in an organization. There are some special dimensions that are common in every quality trying to be created. Dimensions help to perceive quality from different and different angles. The quality perceived by the consumer is examined in eight dimensions:
-Performance
-Features
-Reliability
-Relevance
-Durability
-Service Ability
-Aesthetic
- Perceived Quality
Statistical process control is a method of monitoring the production process using statistical tools to manage product quality “directly in the production process”. Statistical quality or process control is common in the industry and is one of the main and mandatory methods for implementing the requirements of the ISO / TS 16949 standard in the automotive industry. A key tool of the method is the Shekhart control card. This is a graphical tool for collecting data and making decisions regarding the stability or predictability of any process, which determines how to manage the corresponding process. Purposes of Statistical quality control:
- determine whether the process is within the technical requirements.
- determine if the process is running as part of a statistically controlled state:
- if the process is in a “statistically controlled” state, it is known how it will behave in the future, and whether it is possible to count on its results.
- timely identification of trends for corrective actions before the release of non-conforming products (maintenance of the process in a "statistically controlled" state).
- monitoring continuous process improvement through reduced variability.
How does taking a systems view of a project apply to project management?
Answer:
System view is having knowledge about each and every step involve in the process. To have a complete command and understanding of performing every step of the required task is known as System view.
For Example: lets take a Project of building a house manager needs to know each and every signal step involved in the complete project from map making to concrete structure, from paint to interior, from wooden work to sanitary etc. If the manager will have a complete command over each of the above defined activity then only the project will be completed effectively and efficiently.
When should you use Add other funds to this deposit grid in a Deposit Transaction? Identify 3 correct options. (Select all that apply)(A) When an employee reimburses the company(B) You receive a tax refund from the IRS(C) You need to record an ACH payment of a customer invoice(D) When a company doesn’t record income using sales transactions (invoices or sales receipts), and wants to record deposits directly to income accounts To record the payment of a Vendor Bill
Answer:
(A) When an employee reimburses the company
(B) You receive a tax refund from the IRS
(D) When a company doesn’t record income using sales transactions (invoices or sales receipts), and wants to record deposits directly to income accounts
Explanation:
The three options are -
Option A is correct as the employee repays the company so that the funds to this deposit will be added to the deposit transaction.
Option B is correct as the employee or an individual will get the tax refund from the IRS which can be deposited to the deposit grid.
Option D is correct as it is recorded to income accounts directly as deposits.
Any payment cannot be added as deposit. Therefore, option C is incorrect.
Final answer:
The 'Add other funds to this deposit grid' in Deposit Transactions is used when an employee reimburses the company, when receiving a tax refund from the IRS, and for directly recording income not through sales transactions. It is not used for recording ACH payments of customer invoices.
Explanation:
Using the Add other funds to this deposit grid in a Deposit Transaction is necessary in several distinct scenarios within the realm of accounting and financial management. This feature allows for recording various types of transactions that are not directly related to customer payments or regular sales receipts.
(A) When an employee reimburses the company: If an employee is returning money to the company that they had previously been given, such as for a business expense that was overpaid, this would be recorded here.(B) You receive a tax refund from the IRS: Tax refunds are not sales revenue, but they are funds that the company receives and needs to account for. The deposit grid is the correct place to record such transactions.(D) When a company doesn’t record income using sales transactions: If a business directly receives income that is not associated with an invoice or sales receipt, such as a one-time income source or a rental income, it can be recorded in the deposit grid to the appropriate income accounts.However, option (C), recording an ACH payment of a customer invoice, does not belong in the deposit grid. Customer invoice payments are typically recorded elsewhere in the accounting system, usually through the accounts receivable module, rather than directly in a deposit transaction.
Why do financial managers refer to the opportunity cost of capital? How would you find the opportunity cost of capital for a safe investment?
Answer:
To find the opportunity cost of capital for a safe investment, managers and investors look at current interest rates on safe debt securities.
Explanation:
Opportunity cost of capital refers to the return that could have been earned by investing in another investment opportunity with comparable risk.
Answer:
Opportunity cost of the capital is usually (if we consider the tax implications on the returns demanded by the lenders) the return required by the investors
Explanation:
So assume that I am appraising a project and I need an investment of round about 1 million dollars. If I fund this investment from loan which costs me 10% and also increases the financial cost then its opportunity cost is 10% interest and additional risk increased. However I also have an offer from one of my friends who is willing to invest in this project and is offering me $0.5 million equity investment and demands 20% return on this investment alongwith lower financial risk. So the opportunity cost of this equity investment is 20% cost of equity along with lower financial risk.
We can find opportunity cost of capital for a safe investment from the yield of government gilts or treasury bond's yield on investment.
In the lesson you learned that a market economy is where the prices of services and goods are determined through a free system. Based on what you learned in the lesson, describe two advantages and two disadvantages of this type of economy.
Answer:
ADVANTAGES OF MARKET ECONOMY
1, Consumer sovereignty
2. Innovation
DISDVANTAGES OF MARKET ECONOMY
1. Unhealthy rivalry
2. Market failure
Explanation:
Market economy also called free market economy or capitalist economy is a type of economic system that encourages free ownership of productive resources. in this type of economy, the ownership of productive resources is in the hands of the individuals, and the price system allocates resources
ADVANTAGES OF MARKET ECONOMY
1, Consumer sovereignty - In a market economy, the concept of consumer sovereignty is recognized, the consumer dictates the market offerings through the price system, what the consumers want will have high demand and that would be an incentive to the producer to supply more and vice versa.
2. Innovation - The drive to get a larger share in a keenly competed market, with competition within and without, will make businesses to spend on research and take innovative steps if they want to remain in relevant in the business landscape.
DISDVANTAGES OF MARKET ECONOMY
1. Unhealthy rivalry - The cut-throat competition in the market economy will lead to unhealthy rivalry among competitors, businesses would be out to take unfair advantage over the other with its attendant consequences. This may lead to supply of substandard products.
2. Market failure - The market forces as efficient as they are, sometimes failed to allocate resources optimally. The market failure was one of the courses of the greet depression.
Consider the following yields to maturity on various one-year zero-coupon securities:
Security Yield (%)
Treasury 4.6
AAA corporate 4.8
BBB corporate 5.6
B Corporate 6.2
The credit spread of the BBB corporate bond is closest to:
A) 1.0% B) 5.6% C) 0.8% D) 1.6%
Answer:
A) 1.0%
Explanation:
Given that
Security Yield (%)
Treasury 4.6
AAA corporate 4.8
BBB corporate 5.6
B Corporate 6.2
By considering the above information, the credit spread of the BBB corporate bond would be
= BBB corporate - Treasury
= 5.6% - 4.6%
= 1.0%
We simply deduct the treasury from the BBB corporate so that the credit spread could come
The credit spread of a bond can be calculated by finding the difference in yield between two different rated bonds. In this case, the credit spread of the BBB corporate bond is found to be 0.8% by comparing its yield to the AAA corporate bond.
The credit spread of a bond is the difference in yield between a bond with a lower credit rating and a bond with a higher credit rating. In this case, to find the credit spread of the BBB corporate bond, we compare its yield to the yield of the AAA corporate bond.
The credit spread for the BBB corporate bond is calculated by subtracting the yield of the AAA corporate bond from the yield of the BBB corporate bond:
Credit Spread = Yield of BBB corporate bond - Yield of AAA corporate bond
Using the given yields, the credit spread of the BBB corporate bond is:
Credit Spread = 5.6% - 4.8% = 0.8%
Trend analysis is one method of examining changes in a firm's performance over time, which the analysis of only one year's ratios will not show.
The given statement " Trend analysis is one method of examining changes in a firm's performance over time, which the analysis of only one year's ratios will not show " is TRUE.
Explanation:
The trend analysis can also be used to do a comparative analysis to assess the financial company's performance over a time period. Compared to quantitative statistics, the trend analysis is more efficient, making top management more successful and smart decision-making.
Trends in working capital management and its impact on firms' performance.
In the corporate and financial industries, pattern analytics are relevant. Trend analyzes are often used to make financial stability predictions and analyses. To order to determine how the business can do in the future, financial analysts analyze the previous results and existing financial conditions.
In the year 2005, a company made $5.8 million in profit. For each consecutive year after that, their profit increased by 7%. How much would the company's profit be in the year 2009, to the nearest tenth of a million dollars
The profit in 2009 is 6.708 million dollars.
Explanation:To find the company's profit in the year 2009, we need to calculate the consecutive increase in profit from 2005 to 2009.
First, calculate the increase in profit for each year using the formula:
Increase = Profit * Increase percentage
For 2006, the increase is 5.8 million * 7% = 0.406 million
For 2007, the increase is (5.8 million + 0.406 million) * 7% = 0.433 million
For 2008, the increase is (5.8 million + 0.406 million + 0.433 million) * 7% = 0.469 million
Finally, to find the profit in 2009, add up the increases: 5.8 million + 0.406 million + 0.433 million + 0.469 million = 6.708 million (rounded to the nearest tenth of a million).
Identify which of the following statement(s) is (are) correct as to why accounting is important. (check all that apply.) managers, creditors, investors and owners need reliable financial information in order to make decisions. Accounting information summarizes or conveys information about an organization’s business activities. Accounting information identifies, records and communicates information about a business
Answer:
The correct statements are A, B and C
Explanation:
Accounting plays a important role while running a business as it helps the company in keeping a track of expenditures as well as income, it ensures the statutory compliance.
Provide the owners, managers, investors and creditors reliable information so that could take the decisions.
It summarizes the information and help in conveying the information related to the firm activities.
It records as well as communicate the information regarding the business.
Pluto Inc. borrows $3000 from Second National Bank by signing a promissory note. Recording this transaction will include which of the following?a. Debit notes receivableb. Debit cashc. Credit revenued. Credit note payable
Answer:
b. Debit cash and d. Credit note payable
Explanation:
On borrowing from the bank, the entries to be posted by Pluto Inc. will be;
Debit Bank/Cash account $3000
Credit Credit note payable $3000
The credit represents the liability which is the obligation to payback the loan at a future date.
The right options are; b. Debit cash and d. Credit note payable.
The recording of Pluto Inc.'s borrowing transaction involves debiting cash and crediting note payable.
When Pluto Inc. borrows $3000 from Second National Bank by signing a promissory note, the transaction will involve a debit to cash as the company is receiving money. Additionally, a credit to notes payable is recorded to indicate the company's liability to repay the loan. Thus, the correct answer is debit cash and credit note payable.
Learn more about Recording borrowing transactions here:https://brainly.com/question/33314409
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Which of the following organizations requires publicly owned companies to be audited byindependent accountants (CPAs)?A) Securities and Exchange Commission (SEC)B) Public Company Accounting Oversight Board (PCAOB)C) Financial Accounting Standards Board (FASB)D) American Institute of Certified Public Accountants (AICPA)
Answer:
A) Securities and Exchange Commission (SEC)
Explanation:
Securities and Exchange Commission (SEC) is an agency of the federal or central government established by law. it laid down rules and regulations to be followed by security brokers, dealers and other market participants which shapes their relationship and ensure fairness in their business business relationship, The SEC as it is popularly called is charged with the responsibility of regulating the security and exchange market as a whole.
In early 2008, the price of oil on the world market increased, hitting a peak of about $140 per barrel in July 2008. In the second half of 2008, the price of oil declined, ending the year at just over $40 per barrel. Suppose that the global market for oil can be described by an upwardsloping supply curve and a downward-sloping demand curve. For each of the following scenarios, illustrate graphically how the exogenous event contributed to a rise or a decline in the price of oil in 2008: a) A booming economy in China raised the global demand for oil to record levels in 2008. b) As a result of the financial crisis of 2008, the United States and other developed economies plunged into a severe recession in the latter half of 2008. c) Reduced sectarian violence in Iraq in 2008 enabled Iraq to increase its oil production capacity
Answer:
a) A booming economy in China raised the global demand for oil to record levels in 2008
The booming Chinese economy shifted the oil demand curve to the right, because now more oil was demanded in the world economy at any given price. Because supply did not increase as much as demand, the price of oil rose.
b) As a result of the financial crisis of 2008, the United States and other developed economies plunged into a severe recession in the latter half of 2008.
The declining advanced economies of late 2008 shifted the oil demand curve to the left, because now less oil was demanded in the world economy at any given price. Because the world's supply of oil did not shrink as fast as demand, the price of oil fell.
c) Reduced sectarian violence in Iraq in 2008 enabled Iraq to increase its oil production capacity.
The more stable Iraq economy shifted the oil supply curve to the right, because now more oil was put in the market at any given price. Depending on the time of the year, this increased supply contributed either to dampening the price increase of early 2008, or to accelerating the price decline of late 2008.
Bower Company purchased Lark Corporation’s net assets on January 3, 20X2, for $632,000 cash. In addition, Bower incurred $9,000 of direct costs in consummating the combination. At the time of acquisition, Lark reported the following historical cost and current market data:
Balance Sheet Item Book Value Fair Value
Assets
Cash & Receivables $ 57,000 $ 57,000
Inventory 114,000 165,000
Buildings & Equipment (net) 207,000 307,000
Patent — 203,000
Total Assets $ 378,000 $ 732,000
Liabilities & Equities
Accounts Payable $ 20,000 $ 20,000
Common Stock 98,000
Additional Paid-In Capital 66,000
Retained Earnings 194,000
Total Liabilities & Equities $ 378,000
Required:
Prepare the journal entry or entries with which Bower recorded its acquisition of Lark’s net assets. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
Record the payment of merger costs.
Record the acquisition of Lark Corporation net asets.
Answer:
Preparation of Journal Entries
Date Particulars Dr($) Cr($)
January 3, 20x2 Cash & Receivables 57,000
Inventory 165,000
Buildings & Equipment 307,000
Patent 203,000
Account Payable 20,000
Purchase Consideration 632,000
Gain on Purchase Bargain 80,000
(Being purchase of Lark
Corporation`s net assets)
Recording of merger costs.
(Debit) Cash $9,000
(Credit) Merger Expenses $9,000
Recording of acquisition of Lark Corporation`s net assets
(Debit) Investment in Lark`s net asset $712,000
(Credit) Cash $632,000
(Credit) Gain on Purchase Bargain $80,000
Explanation:
When acquiring another business, net asset (Total Assets - Total Liabilities) is valued at fair value (sometimes called market value, not book value. Hence, the reason why the fair value of Lark`s assets and liabilities was used in the calculation above. So the net assets ($57,000+$165,000+$307,000+$203,000 - $20,000) = $712,000.
After, calculating the net assets of the Lark, the purchase consideration given by Bower Company has to be removed from the net asset, in order to get the goodwill or gain on purchase bargain on the acquisition. The formula is Purchase consideration - Net assets of the target company = Goodwill (Gain on purchase bargain). If the purchase consideration is higher than the net assets, then goodwill is obtained. If the purchase consideration is lower than net assets acquired then, gain on purchase bargain is obtained.
In Bower`s case, gain on purchase bargain is obtained because net assets is greater than purchase consideration ($632,000 - $712,000).
Merger cost
Merger cost is not considered as part of purchase consideration. The merger cost is taken to income statement of Bower Corporation as expense.
Financial and managerial accouting questions for my review sheet! i rate well.
Question 56
Select the correct statement.
A. Four purposes often claimed for budgeting involve planning, coordination, performance measurement, and reporting.
B. In a participative budgeting system, budget information flows in one direction only, from bottom to top.
C. The three major categories of the master budget are operating budgets, capital budgets, and pro forma financial statements.
D. The accounting department normally coordinates the development of the sales forecast.
Answer:
The correct answer is letter "C": The three major categories of the master budget are operating budgets, capital budgets, and pro forma financial statements.
Explanation:
A Master Budget is the compilation of all the budgets different departments of a company must come up with. Besides, the master budget includes the company projected financial statement, financial plan (operating budget with sales, expenses, and administrative projections), and cash-flow (capital budget including the acquisition of machinery, building, and labor).
Concord Company publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $20 per year. During November 2020, Concord sells 16,500 subscriptions beginning with the December issue. Concord prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue.a.Prepare the entry in November for the receipt of the subscriptionsb.Prepare the adjusting entry at December 31, 2014, to record sales revenue recognized in December 2014.c.Prepare the adjusting entry at March 31, 2015, to record sales revenue recognized in the first quarter of 2015.
Answer:
Explanation:
The journal entries are shown below:
a) Cash A/c Dr $330,000 (16,500 subscriptions × $20)
To Unearned subscription Revenue A/c $330,000
(Being the receipt of the subscriptions is recorded)
b) Unearned subscription Revenue A/c Dr $27,500
To Subscription Revenue A/c $27,500
(Being the sales revenue recognized in December 2014 is recorded)
The calculation is shown below:
= $330,000 × 1 month ÷ 12 month
= $27,500
c) Unearned subscription Revenue A/c Dr $82,500
To Subscription Revenue A/c $82,500
(Being the sales revenue recognized in March 31, 2015 is recorded)
The calculation is shown below:
= $330,000 × 3 month ÷ 12 month
= $82,500
What will be the effect on the contribution margin ratio if the selling price per unit decreases and variable cost per unit remains the same?
A) It will remain the same.
B) It will decrease.
C) It will increase.
D) It is impossible to determine with the given information.
Answer:
correct answer is B) It will decrease.
Explanation:
we know that contribution margin ratio is express as
contribution margin ratio = ( Sales Revenue - Variable Costs ) ÷ Sales Revenue ...........................1
so here any increase in selling price increase contribution margin
and if the selling price per unit is decreases
and variable cost per unit remain same
contribution margin ratio will decrease
so here correct answer is B) It will decrease.
An electronics company makes communications devices for military contracts. The company just completed two contracts. The navy contract was for 2,500 devices and took 26 workers three weeks (40 hours per week) to complete. The army contract was for 5,400 devices that were produced by 34 workers in four weeks (40 hours per week).
a. Calculate the productivity for navy and army contracts in units produced per labor hour. (Round your answers to 2 decimal places.)
b. On which contract were the workers more productive?
Final answer:
The productivity for the Navy contract is 0.80 devices/hour, whereas for the Army contract, it is 0.99 devices/hour. The Army contract had higher worker productivity.
Explanation:
To calculate the productivity for each contract, we will divide the total number of units produced by the total labor hours worked on each contract. For both contracts, workers work 40 hours per week.
Navy contract productivity:The total labor hours = 26 workers × 3 weeks × 40 hours/week = 3120 hours
The productivity = 2500 devices / 3120 hours = 0.80 devices/hour (rounded to two decimal places)
Army contract productivity:The total labor hours = 34 workers × 4 weeks × 40 hours/week = 5440 hours
The productivity = 5400 devices / 5440 hours = 0.99 devices/hour (rounded to two decimal places)
Comparing the productivity of the two contracts, the workers were more productive on the Army contract, with a higher number of devices produced per labor hour.
Given the following information, calculate the funds from operation (FFO). Net income: $1,200,000, Gain/losses from infrequent and unusual events: $0, Amortization of tenant improvements: $120,000, Amortization of leasing expenses: $75,000, Depreciation (real property): $2,675,000.
A. $195,000
B. $1,395,000
C. $2,870,000
D. $4,070,000
Answer:
Option (D) is correct.
Explanation:
Funds from operation:
= Net income - Gain/losses from infrequent and unusual events + Amortization of tenant improvements + Amortization of leasing expenses + Depreciation (real property)
= $1,200,000 - $0 + $120,000 + $75,000 + $2,675,000
= $4,070,000
Therefore, the funds from operation is $4,070,000.
Now that you are successful in your new position, you have decided to reward yourself with a new (or new to you) vehicle. Sources say you should strive to have your vehicle payment be no more than 10% of your gross monthly salary, which you already computed in question 3. Write an inequality, using x to represent your gross monthly salary and y to represent your monthly car payment, which could be used to calculate the range of payments that will work in your budget. (Do NOT input your salary on this step).
Answer:
Range is : (0, 0.1x)
Explanation:
Problem has no information about amount of salary, so I will just use 'x' and 'y'.
Problem says that vehicle payment should be no more than 10% of gross monthly salary. This means that vehicle payment (Y) equals to 0.1 (10%) multiplied by gross monthly salary, which is stated as 'X'.
From this y = 0.1 X;
Next, if we want to identify range of payments: (0; 0.1X).
This means that any amount of money between 0 and 0.1X is acceptable.
Answer:
The inequality is
0< y<= 0.1x
Explanation:
If X represent the gross monthly salary and and y represent your monthly car payment the inequality.
10% of x= 0.1x
no more than 10% of your gross monthly salary means
Y <= 0.1x
The inequality therefore is 0< y<= 0.1x
Suppose Scott has a budget of $56 that he spends on movies (Q1) and roller skating (Q2). The price of movie tickets recently increased from $5 per person to $8 per person, and the price of roller skating decreased from $8 to $7 per person. What is Scott's new budget constraint?
Answer:
1.6 Q1 + 0.875 Q2 = $56
Explanation:
Budget constraint equation represents the total budget allocation to different activities under consideration.
old Budget Constraint
Q1 + Q2 = $56
New Budget Constraint
(Q1)*8/5 + (Q2)*7/8 = $56
(Q1)*1.6 + (Q2)*7/8 = $56
(Q1)*1.6 + (Q2)*0.875 = $56
1.6 Q1 + 0.875 Q2 = $56
So best answer made based on data available.
Niagara Resort Club sold plant assets at a $ 15 comma 000 loss. Where on the statement of cash flows should Niagara Resort Club report the sale of plant assets? How much should the business report for the sale?
Answer:
The sale of the plant assets reported in the Income statement is at profit or loss whereas the asset sold reported in the Statement of Cash flows will show a positive balance of $15,000 from investing activities.
Explanation:
The sale of Non current assets or fixed assets are always the amount that we received after the sale of the fixed asset. So the amount represented in the Statement of Cash Flows must be Total amount which is $15,000.
A sales representative at Universal Container needs assistance from specific product managers when selling certain deals. Product managers do not have access to opportunities, but need to gain access when they are assisting with a specific deal. How can a system administrator accomplish this?
A. Notify the product manager using opportunity update reminders.
B. Enable opportunity teams and allow users to add the product manager.
C. Use similar opportunities to show opportunities related to the product manager. D. Enable account teams and allow users to add the product manager.
Answer:
The correct answer is letter "B": Enable opportunity teams and allow users to add the product manager.
Explanation:
The situation portraits a gap between salespeople and product managers. Salespeople need assistance when selling certain products but product managers do not have access to those opportunities. In that case, a system administrator must link the two parties by enabling opportunity teams. Then, salespeople directly can add a product manager to the opportunity team according to the type of assistance needed.
What impact are macroenvironmental factors likely to have on the level of student enrollments at colleges and universities over the next decade?
Answer:
Macro environmental factors likely to affect student enrollments at colleges and universities over the next decade includes sociocultural, economic, political and legal factors.
Explanation:
Macro environmental factors are very much external to student enrollments at colleges and universities over the next decade; however, they form an integral factor.
Sociocultural factors, such as the societal perception, and cultural systems, forms a vital role on the level of student enrollments at colleges and universities over the next decade?.
Answer and explanation:
The Macroenvironment is the conditions existing in an economy as a whole, rather than in a single sector or region. The macroenvironment is linked to the business cycle and includes trends in Gross Domestic Product (GDP), Inflation, Employment, Spending, and Monetary and Fiscal Policy.
All the factors mentioned above influence people's decisions and enrolling at college is a subject matter to those considerations. The employment rate, job positions available, wages and compensations are typical factors that help applicants to universities decide what career to choose and in the next decade that is not unlikely to change.
"The 2017 balance sheet of Dream, Inc., showed current assets of $3,190 and current liabilities of $1,480. The 2018 balance sheet showed current assets of $3,240 and current liabilities of $1,670."What was the company's 2018 change in net working capital, or NWC?
Answer:
This problem requires us to calculate Dream Inc change in net working capital, or NWC. The woking capital is the company ability to pay its short term liabilities. In other words it shows how liquid company is.
Working capital is difference between current asset and current liability.
2017 NWC = 3,190 - 1,430 = 1,710 -A
2018 NWC = 3,240 - 1,670 = 1,570-B
Change in NWC = A-B = $ 140
The company net working capital has decreased by 140 dollars.
Duck, an accrual basis corporation, sponsored a rock concert on December 29, 2018. Gross receipts were $300,000. The following expenses were incurred and paid as indicated: Expense Payment Date Rental of coliseum $25,000 December 21, 2018 Cost of goods sold: Food 30,000 December 30, 2018 Souvenirs 60,000 December 30, 2018 Performers 100,000 January 5, 2019 Cleaning the coliseum $10,000 February 1, 2019 Because the coliseum was not scheduled to be used again until January 15, the company with which Duck had contracted did not perform the cleanup until January 8–10, 2019. a. Calculate Duck's net income from the concert for tax purposes for 2018. If an amount is zero, enter "0".
Answer:
$85,000
Explanation:
First, we can organize the expenses information like this:
Expense Payment Date
Rental of Coliseum $25,000 12-21-2018
Cost of goods sold $90,000 12-30-2018
Performers $100,000 1-05-2019
Cleaning the coliseum $10,000 2-01-2019
Because in accrual basis of accounting, expenses are recognized when they are incurred, we then take the gross recepits, and substract from it all the expenses that were incurred in the year 2018.
That is to say, we substract all expenses except the cleaning the coliseum expense, because this expense was incurred in 2019, and was paid in 2019, therefore, it is not part of the taxable income for 2018 under the accrual basis of accounting.
Same is true for the performers expense. It was paid in 2019, but it was incurred in 2018, therefore, it has to be substracted to obtain the 2018 taxable income.
Taxable income = Gross receipts - Expenses incurred in 2018
= $300,000 - $215,0000
= $85,000
Ordinary life insurance involves policies marketed on an individual basis, on which policyholders receive a lump sum payment at maturity of the policy.
True/False
Answer:
The statement is: False.
Explanation:
Life Insurance is a financial contract that protects an individual's dependents in the case of his or her death. In life, the policy holder makes payments on a regular basis -typically monthly- to be covered and selects who the beneficiaries will be if he or she passes away. The beneficiaries receive a lump sum of payment only in front of that event.
The following financial statement information is from five separate companies:
Company
A Company
B Company
C Company
D Company
E
December 31, 2012
Assets $ 55,000 $ 34,000 $ 24,000 $ 60,000 $ 119,000
Liabilities 24,500 21,500 9,000 40,000 ?
December 31, 2013
Assets 58,000 40,000 ? 85,000 113,000
Liabilities ? 26,500 29,000 24,000 70,000
During year 2013
Owner investments 6,000 1,400 9,750 ? 6,500
Net income (loss) 8,500 ? 8,000 14,000 20,000
Owner cash withdrawals 3,500 2,000 5,875 0 11,000
_______________________________________________________________________________________________
Company A
#1. What is the amount of equity on December 31, 2012 for Company A.
#2. What is the amount of equity on December 31, 2013 for Company A
#3. What is the amount of liabilities on December 31, 2013 for Company A
Company B
#1. What is the amount of equity on December 31, 2012 Company B
#2. What is the amount of equity on December 31, 2013 Company B
#3. What is net income for year 2013 Company B
#4. Create a statement of Owners Equity
(Equity, December 31st, 2012 = )
(Equity, December 31st, 2013 = )
Company C
#1. Calculate the amount of assets for Company C on December 31, 2013
#2. Create a statement of Owners Equity
(Equity, December 31st, 2012 = )
(Equity, December 31st, 2013 = )
Company D
#1. Calculate the amount of owner investments for Company D during year 2013.
#2. Create a statement of Owners Equity
(Equity, December 31st, 2012 = )
(Equity, December 31st, 2013 = )
Company E
#1. Calculate the amount of liabilities for Company E on December 31, 2012.
#2. Create a statement of Owners Equity
(Equity, December 31st, 2012 = )
(Equity, December 31st, 2013 = )
The question asks for various calculations related to equity, assets, and liabilities of five companies according to the given data. The required financial information is calculated using key accounting formulas. Due to format constraints, the creation of equity statements were omitted from this response.
Explanation:The subject of this question revolves around 'financial statement analysis' and 'equity calculation'. We need to use the following formulas:
Assets = Liabilities + Equity Beginning Equity + Net Income (Loss) + Owner Investments - Owner Cash Withdrawals = Ending Equity
Let's breakdown the calculations for each company:
Company A
Equity on December 31, 2012 = Assets - Liabilities = $30,500 Equity on December 31, 2013 = Beginning Equity + Net Income - Cash Withdrawals + Investments = $41,500 Liabilities on December 31, 2013 = Assets - Equity = $16,500
Company B
Equity on December 31, 2012 = Assets - Liabilities = $12,500 Equity on December 31, 2013 = Assets - Liabilities = $13,500 Net Income = Ending Equity - Opening Equity + Cash Withdrawals - Investments = $3,600
Company C
Assets on December 31, 2013 = Starting Equity + Net Income - Cash Withdrawals + Investments = $32,875
Company D
Owner Investments = Ending Equity - Opening Equity + Cash Withdrawals - Net Income = $5,000
Company E
Liabilities on December 31, 2012 = Assets - Opening Equity - Net income + Cash Withdrawals - Investments = $43,000
The creation of an equity statement was not included in this summary due to length constraints.
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Which of these statements represent ideas that Peter Drucker introduced in his book The Practice of Management? (select all that apply)
A. Production costs are a component of sales
B.Charismatic leaders are more important than management practices
C.Employees should be treated as assets
D. A corporation can be thought of as a human community
E. Without customers, businesses wouldn't exist
Answer:
The correct answers are letters "C", "D", and "E": Employees should be treated as assets; A corporation can be thought of as a human community; Without customers, businesses wouldn't exist.
Explanation:
Austrian business professor Peter Ferdinand Drucker (1909-2005) is well-known in management for his book "The Practice of Management" (1954) in which he highlighted the importance of companies in society. Drucker studied the human side of corporations which includes workers and how leadership influences them. Besides, according to him, a business exists with the ultimate goal of creating a customer, meaning that managers would have to know their clientele and their needs to drive a firm to success.
Statements that represent ideas that Peter Drucker introduced in his book The Practice of Management are;
Employees should be treated as assets. A corporation can be thought of as a human community.Without customers, businesses wouldn't exist.Practice of Management can be regarded as how the goals of the organization can be achieved. It involves all managerial functions and all these are emphasized by Peter Drucker .
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Which of the following would most likely shift a production possibilities curve to the right?a. shifting resources from the production of one good to the production of anotherb. a decline in the size of the labor forcec. an improvement in the education level of the work force of a nationd. a sudden substantial increase in consumer desires to purchase goods
Answer:
Option (d) is correct.
Explanation:
Production possibility curve refers to the graphical representation of the combination of two goods that an economy can produce with the available resources.
If there is an increase in the demand for goods or we can say that the consumer's desires to the buy the good increases then as a result this will shift the production possibility curve rightwards. Now, more of both the goods are produce by the economy.