Answer:
1. Going concern
2. Economic entity
3. Monetary unit
4. Periodicitys
Explanation:
1. Since Jumbo's Restaurant is planning to close, the assumption of continuity (going concern) is no more applicable. This should be disclosed. Instead asset was still recorded at historical price which is misleading.
2. Gorloks Tax Services is an economic entity, and the property and assets of owners are not considered to be for the business. In this case the boat Sam bought was wrongly reported as an asset of the company.
3. Claim Jumpers when reporting the 5 trucks purchased must include a monetary value for them. The assumption of monetary unit states that all items reported on the balance sheet must be expressed in monetary terms.
4. Cobbler's Etc violated the assumption of periodicity which states the financial position of the business must be declared in a particular accounting period. Accounting period can monthly, quarterly, biannually, and yearly. The business should choose and accounting period and ensure financial position is reported for each of them. In this case financial reporting is not consistent with reporting happening after 14 months and before that 18 months.
The four situations highlight violations of GAAP assumptions including going concern, economic entity, monetary unit, and periodicity.
Explanation:Situation 1: The violation of GAAP assumption is going concern. The company is making plans to close the restaurant, indicating uncertainty about its ability to continue operating.
Situation 2: The violation of GAAP assumption is economic entity. Sam has included his personal asset (the boat) on the balance sheet of Gorloks Tax Services, which should only include business assets.
Situation 3: The violation of GAAP assumption is monetary unit. The company reported five trucks without providing the corresponding amounts in the balance sheet, creating a discrepancy due to the use of different currencies.
Situation 4: The violation of GAAP assumption is periodicity. Cobbers Etc. publishes financial statements irregularly, covering periods of 14 months and 18 months, instead of following the regular time intervals.
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For 2015, Bargain Basement Stores reported $11,500 of sales and $5,000 of operating costs (including depreciation). The company has $20,500 of total invested capital, the weighted average cost of that capital (the WACC) was 13%, and the federal-plus-state income tax rate was 40%.
1. What was the firm's Economic Value Added (EVA), i.e., how much value did management add to stockholders' wealth during 2014?
Answer:
Management add $1,235 to shareholder's wealth during 2014
Explanation:
EVA = NOPAT - Finance charge
Net Operating Profit After Tax(NOPAT) = Operating Income -Tax
Operating Income = $11,500 - $5,000
= $6,500
Tax = 40% x $6,500
=$2,600
NOPAT= $6,500-$2,600
=$3,900
Finance charge = (WACC x Capital Invested)
=13% x $20,500
=$2,665
EVA = $3,900 - $2,665
=$1,235
Hence, management add $1,235 to shareholder's wealth during 2014
To mitigate the bullwhip effect, each location in a supply chain should plan for the demand received at that location. Group of answer choices True False
Answer:
The statement is: True.
Explanation:
The bullwhip effect occurs when the quantity demanded of a product changes in a supply chain which causes one of the links of the chain to request more of that good to meet the new demand level. Ways to avoid the bullwhip effect are improving retailers' forecast accuracy or adopting a demand-driven supply chain management by which the quantity of goods received at each location implies what the retailers' request.
U.S. real gross domestic product changed from $14.2 trillion in 2005 to $14.8 trillion in 2010. During that same time period, the share of manufactured goods (e.g., cars, appliances) of U.S. real gross domestic product was 12.5 percent in 2005 and 12.3 percent in 2010. What was the dollar value of manufactured output?
Answer:
The dollar value of manufactured output is 2.8248%
Explanation:
change in % = final - initial/initial
= 1.82 - 1.77/1.77 * 100
= 2.8248%
Therefore, The dollar value of manufactured output is 2.8248%
Mines in Colombia produce emeralds and sell them to jewelers in the United States. To Colombia miners, emeralds are an export.True or false?
Answer:
True
Explanation:
Colombia miners sell emeralds to jewelers in the United States. This cross border trade is regarded as an export. Exports are goods and services produced in one country and sold in another country.
Mines in Colombia produce emeralds and sell them to jewelers in the United States, making emeralds an export for Colombia.
Explanation:True. Mines in Colombia produce emeralds and sell them to jewelers in the United States, making emeralds an export for Colombia.
Emeralds are an export for Colombian miners. They produce these emeralds and sell them to other countries, constituting an export in terms of international trade.
True, to Colombian miners, emeralds are indeed an export. Considering that Colombian mines produce emeralds and sell them to jewelers in other countries, like the United States, this act of selling goods to other countries is classified as exporting. As such, within the scope of international trade, emeralds are an export commodity for Colombia.
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In March 2015, the Kansas City Chiefs signed Jeremy Maclin to a contract worth $55 million. Maclin’s salary including roster bonus was to be paid as $3.4 Million in 2015, $12.4 million in 2016 and 2017, and $13.4 million in 2018 and 2019. If the appropriate interest rate is 11%, what kind of deal did the wide receiver snag? Assume all payments are made at the end of the year.
Answer:
Explanation:
PV formula=C/(1+R)^n, C- cash flow(CF) for the period, R-interest rate, n-number of period
PV of CF received in 2015= 3400000/(1+0.11)^1=3063063.06
PV of CF received in 2016= 12400000/(1+0.11)^2=10064118.17
PV of CF received in 2017=12400000/(1+0.11)^3=9066773.13
PV of CF received in 2018=13400000/(1+0.11)^4=8826995.05
PV of CF received in 2019=13400000/(1+0.11)^5=7952247.8
Net worth=NPV=[3063063.06+10064118.17+9066773.13+8826995.05+7952247.8]=38973197.21
TOTAL PV=3,897,3197.21
Mission Foods produces two flavors of tacos, chicken and fish, with the following characteristics:
Chicken Fish
Selling price per taco $ 3.90 $ 5.00
Variable cost per taco 1.95 2.50
Expected sales (tacos) 209,000 305,000
The total fixed costs for the company are $111,000.
What is the anticipated level of profits for the expected sales volumes?
Answer:
$1,059,050
Explanation:
The computation of the anticipated level of profits for the expected sales volumes is shown below:
Expected sales 209,000 305,000
Particulars Chicken Fish
Sales $815,100 $1,525,000
Less:
Variable cost -$407,550 -$762,500
Contribution margin $407,550 $762,500
Now the profit would be
= Total contribution margin - total fixed cost
= $407,550 + $762,500 - $111,000
= $1,059,050
The sales are variable cost are come by multiplying the units with its price per taco.
Smith Company manufactures washing machines in their own facility. They sell them to stores like Best Buy and Lowes for ultimate sale to the consumer. Here are some costs for Smith Company. Calculate total PRODUCT costs for Smith Company. $20906 Direct Labor Sales and Marketing Expenses Metal to make the exterior shell of $50181 the washing machines Electricity to run the machinery in $18939 the factory $23289 Salary of the manager who oversees manufacturing $8204 Salary of the Chief Operating Officer of the Company Water bill for the building that houses corporate headquarters $16665 $2100
Answer:
$98,233
Explanation:
Total product costs = direct labor costs + direct material costs + factory overhead
In this case, we must add up the following costs:
Direct labor = $20,906Metal to make the exterior shell of the washing machines (direct material cost) = $50,181Electricity to run the machinery in the factory (factory overhead) = $18,939Salary of the manager who oversees manufacturing = $8,204Total product costs = $98,233
The waterbill for the HQ, the salary of the CEO, and the marketing expenses are not included in the calculation because they are not factory overhead specifically.
In the context of the perspectives on management, the _____ is a subfield of the classical perspective that focuses on the total organization rather than the individual worker and delineates the management functions of planning, organizing, commanding, coordinating, and controlling. a. behavioral sciences approach b. human resources perspective c. administrative principles approach d. humanistic perspective
Answer:
The correct answer is letter "C": administrative principles approach.
Explanation:
According to Turkish engineer and theorist of business Henri Fayol (1841-1925), the administrative approach is a top-down practice by which more focus is placed on the efficiency of the overall organization rather than individuals. Managers must be in charge of controlling, coordinating, planning, organizing and directing the work with employees.
The 'administrative principles' approach, a subfield of the classical perspective on management, emphasizes the total organization rather than individual workers, focusing on management functions like planning, organizing, commanding, coordinating, and controlling.
Explanation:The answer to the student's question is 'c. administrative principles approach'. In the context of the perspectives on management, the administrative principles approach is a subfield of the classical perspective that concentrates on the total organization rather than the individual worker. This approach underlines the management functions of planning, organizing, commanding, coordinating, and controlling. For instance, it would focus on creating an overall strategic plan, structuring the organization to support its goals, directing employees, harmonizing all activities, and monitoring performance against goals.
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In a statement of cash flows, interest payments to lenders and other creditors should be classified as cash outflows for a. operating activities. b. borrowing activities. c. lending activities. d. financing activities.
Answer:
The correct answer is letter "A": operating activities.
Explanation:
Operating Activities are the daily processes conducted by a company to generate income. They pertain to the company's core business activity such as sales and manufacturing and they provide most of the cash flow that determines whether a business is profitable.
When it comes to the Financial Statements the situation is not different. Interest payments to lenders and other creditors can be part of the day to day activity of a company. That is the reason why they are recorded in the operating activities section.
The decentralized commercial and office districts that have emerged on the fringes of metropolitan areas near such features as freeway interchanges and airports have been called Group of answer choices
Answer:
Edge Cities
Explanation:
Edge City is a small city generate in the U.s for a concentration of industry, shopping, and enjoyment on the outside of a conventional city center or city center in what was previously a social housing or rural suburb.Many edge cities form at or near current or proposed intersections of the freeways, and are particularly likely to experience close to major airports.Ridge communities designed for interchanges with freeways have a history of serious traffic problems if any of these highways remains unbuilt.In calculating cost per equivalent unit under the weighted-average method, prior period costs are combined with current period costs.
True or False?
Answer:
The statement is: True.
Explanation:
The Weighted Average is a method for averaging several pieces of data with unequal importance or consequence. In a Weighted Average each point of data is assigned a corresponding weight multiplier that can be determined by many values including importance, scarcity, difficulty, and quantity.
When it comes to accounting, the Weighted Average can be used to combine costs from the current and the previous period.
"Blast it!" said David Wilson, president of Teledex Company. "We’ve just lost the bid on the Koopers job by $3,000. It seems we’re either too high to get the job or too low to make any money on half the jobs we bid."
Teledex Company manufactures products to customers’ specifications and operates a job order costing system. Manufacturing overhead cost is applied to jobs on the basis of direct labor cost.
The following estimates were made at the beginning of the year:
Department
Fabricating Machining Assembly Total Plant
Direct labor $ 209,000 104,500 313,500 627,000 Manufacturing-
overhead $ 365,750 418,000 94,050 877,800
Jobs require varying amounts of work in the three departments. The Koopers job, for example, would have required manufacturing costs in the three departments as follows:
Department
Fabricating Machining Assembly Total Plant
Direct materials $ 3,900 200 2,300 6,400
Direct labor $ 4,600 500 7,100 12,200
Manufacturing overhead ? ? ? ?
The company uses a plantwide overhead rate to apply manufacturing overhead cost to jobs.
Required:
(1) Assuming use of a plantwide overhead rate:
a. Compute the rate for the current year.
b. Determine the amount of manufacturing overhead cost that would have been applied to the Koopers job.
(2) Suppose that instead of using a plantwide overhead rate, the company had used a separate predetermined overhead rate in each department.
Under these conditions:
(a) Compute the rate for each department for the current year.
(b) Determine the amount of manufacturing overhead cost that would have been applied to the Koopers job.
(3) Assume that it is customary in the industry to bid jobs at 150% of total manufacturing cost (direct materials, direct labor, and applied overhead).
(a) What was the company's bid price on the Koopers job if a plantwide overhead rate had been used to apply overhead cost?
(b) What would the bid price have been if departmental overhead rates had been used to apply overhead cost?
Answer: 27,000
Explanation:
The plantwide overhead rate is calculated at $1.40 per $1 of direct labor cost. Applying this rate, the manufacturing overhead cost for the Koopers job would be $17,080. If departmental rates were used, the total applied overhead would be $12,180, resulting in different bid prices using the two methods.
To compute the plantwide overhead rate, we need to divide the total manufacturing overhead by the total direct labor cost.
Plantwide Overhead Rate = Total Manufacturing Overhead / Total Direct Labor Cost
= $877,800 / $627,000
= $1.40 per $1 of direct labor cost
The manufacturing overhead cost for the Koopers job using the plantwide overhead rate:
= Direct Labor Cost of Koopers Job ×Plantwide Overhead Rate
= $12,200 * $1.40
= $17,080
The departmental overhead rates are calculated separately for each department using their respective overhead and labor costs.
Fabricating Overhead Rate = $365,750 / $209,000 = $1.75 per $1 of direct labor cost
Machining Overhead Rate = $418,000 / $104,500 = $4.00 per $1 of direct labor cost
Assembly Overhead Rate = $94,050 / $313,500 = $0.30 per $1 of direct labor cost
The manufacturing overhead cost for the Koopers job using departmental overhead rates:
= (Direct Labor Cost in Fabricating * Fabricating Overhead Rate) + (Direct Labor Cost in Machining * Machining Overhead Rate) + (Direct Labor Cost in Assembly ×Assembly Overhead Rate)
= ($4,600 ×$1.75) + ($500 ×$4.00) + ($7,100 ×$0.30) = $8,050 + $2,000 + $2,130 = $12,180
Finally, the bid prices:
Bid Price using Plantwide Rate = 150% ×(Direct Materials + Direct Labor + Applied Overhead)
= 150% ×($6,400 + $12,200 + $17,080)
= $53,370
Bid Price using Departmental Rates = 150% ×(Direct Materials + Direct Labor + Applied Overhead using Departmental Rates)
= 150% ×($6,400 + $12,200 + $12,180)
= $46,290
TRU Inc. is planning to issue a $1,000 face-value bond with an annual coupon rate of 7.5% that matures in 5 years. TRU is planning to pay quarterly interest payments. Similar TRU bonds are quoting at 97.5% of par. What is the price that bond holders will pay for this bond?
Answer:
$975
Explanation:
Given that,
Face value or par value of bond = $1,000
Annual coupon rate = 7.5%
Maturity period of bond = 5 years
TRU bonds are quoting at 97.5% of par
TRU is planning to pay quarterly interest payments
Now quoting at 97.5% of par:
= Face value × 97.5%
= $1,000 × 97.5%
= $975
Hence, the price that bond holders will pay for this bond is $975.
Which of the following actions is likely to have the highest initialcost in terms of its impact on other parts of the organization?
O Lay off a portion of your workforce and then try to motivate everyone who’s left to work harder. This option also means selecting future hires from a lower-skill labor pool and paying lower wages.
O Begin buying slightly lower-grade materials, including hardwood, aluminum, vinyl, and nylon.
O Replace existing equipment with newer, more efficient equipment. Although this option entails substantial up-front investment, you’re sure that you can more than make up the difference in lower production costs.
O Replace existing equipment with newer, more efficient equipment. Although this option entails substantial up-front investment, you’re sure that you can more than make up the difference in lower production costs.
Answer:
Replace existing equipment with newer, more efficient equipment. Although this option entails substantial up-front investment, you’re sure that you can more than make up the difference in lower production costs.
Explanation:
The action that is likely to have the highest initial cost in terms of its impact on other parts of the organization is to replace existing equipment with newer, more efficient equipment. Although this option entails substantial up-front investment, you’re sure that you can more than make up the difference in lower production costs. This because buying new equipment will require a big investment from the company at the beginning to cover its costs but this will later generate more productivity and lower production costs which will compensate the initial high cost.
The other options are not right because buying slightly lower-grade materials, including hardwood, aluminum, vinyl, and nylon can decrease the cost at the beginning but the company can have problems with the quality of the products which could be really costly. Also, lay off a portion of your workforce and then try to motivate everyone who’s left to work harder and this option also means selecting future hires from a lower-skill labor pool and paying lower wages will decrease labor costs at the beginning but can require a big investment later with the costs of the process to hire new people, compensations to the employees that were laid off and can also result on low quality job and productivity from lower-skill labor.
Which controls can be used to prevent or detect personal purchases on company credit cards?
Answer:
Few controls can be used to prevent or detect personal purchases on company's credit cards.
Explanation:
Following controls can be taken to prevent or detect personal purchases on company's credit cards:
1. One should make sure that the company policy clearly forbids all purchases that are personal with company funds.
2. Same employee should not be allowed to originate purchases and then approve them too.
3. Controls can be installed to know if there are multiple purchases under employees approval limits.
4. Also, there should be a maximum limit of purchase for each employee.
5. Any invoice which is not related to company should be checked regularly.
While building the ancient pyramids, the Egyptians performed several management functions. They submitted written requests and consulted staff for advice before making decisions. The Egyptians performed which of the following functions of management? Check all that apply.
a. Organizing
b. Controlling
c. Planning
d. Leading
Answer:
It is Planning
Explanation:
Planning involves deciding beforehand, what is to be done, when is it to be done, how it is to be done and who is going to do it.
It is a fundamental management function that lays down organizational objectives (i.e short-term, medium-term and long-term) and develop different courses of actions by which those objectives can be achieved.
Depending on the organizational approach to planning, sometimes a bottom-up or top-down approach is used in the planning processes.
The essence of planning cannot be overemphasized; it helps to improve future performance by having a clear written-out objectives, it helps to minimize future risk and uncertainty and it helps to uncover future opportunities and threats.
In an economy where heating oil is the primary source of heat for most households, new supplies of natural gas, a substitute for heating oil, are discovered. Natural gas provides heat at a much lower cost. What is the most likely effect of these discoveries on the market price and quantity of heating oil produced?Price Decreases & Quantity Decreases
Price Decreases & Quantity Increases
Price Increases & Quantity Decreases
Price Does Not Change & Quantity Does Not Change
Answer:
Price Decreases & Quantity Decreases
Explanation:
As a result of the discovery of an alternative which is cheaper, consumers increase demand for natural gas. The demand for heating oil would fall. This would lead to a fall in price and quantity.
I hope my answer helps you
The most likely effect of the discovery of new supplies of natural gas in an economy where heating oil is the primary source of heat is a decrease in the price and quantity of heating oil produced.
Explanation:The most likely effect of the discovery of new supplies of natural gas, a substitute for heating oil, in an economy where heating oil is the primary source of heat for most households, is a decrease in the price and quantity of heating oil produced.
When natural gas is discovered and provides heat at a much lower cost, it becomes an attractive alternative to heating oil. As a result, households switch to using natural gas instead of heating oil, leading to a decrease in demand for heating oil. With a decrease in demand, the price of heating oil is likely to decrease as well.
Additionally, as the demand for heating oil decreases, producers of heating oil are likely to reduce their production to avoid excess inventory. This decrease in production will further contribute to a decrease in the quantity produced.
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Bitcoin fails to satisfy which two of the three functions of money? Question 3 options: A) medium of exchange and unit of account B) medium of exchange and store of value C) bitcoin satisfies all of the functions of money D) unit of account and store of value
Answer:
The correct answer is letter "D": unit of account and store of value.
Explanation:
Bitcoin is the first decentralized digital currency. It is also referred to as a virtual currency or a crypto-currency. Bitcoins are held in a digital wallet and can be sent over the internet. Bitcoin transactions are authorized using a digital signature. The transactions are verified usually within minutes by a network of miners. Once verified, the transaction is permanently stored on a public ledger known as The BlockChain.
Three are the functions of money: medium of exchange, store of value, and unit of account. In order to boost its use, a few merchants have started to accept Bitcoin as a medium of exchange but it still is not considered a unit of account since most items in the real world are valued in monetary terms. Also, it is not considered a store of value because, unlike money, Bitcoin cannot be saved in bank accounts earning interest. Bitcoins must be sold (at profit) to provide the holder revenues.
A digital coin that can be transferred without any control or bank is called Bitcoin. Bitcoins can be purchased with real currency and can be sent through networks.
It is computer-generated data that can be put in digital wallets.
The correct answer is:
Option D. unit of account and store of value.
The explanation for this is:
Bitcoin is an electric payment method whose transaction data can be cached as documentation on a computer.Currency transactions serve purposes like value, account and mode of trade.However, bitcoin does not fulfill the roles that money as a currency serves.Although many people have started using Bitcoin, it cannot be accepted as a primary currency style because in everyday life the articles are prized by money only.It cannot be deposited in banks to earn credit.Therefore the bitcoins fails to satisfy the functions as a unit of account and store of value.
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Caesar, a single taxpayer, has a wage income of $75,000. He also has a short-term capital loss of $5,000, a short-term capital gain of $2,000, and a long-term capital gain of $3,000.
What is Caesar's AGI for 2019?
a) $72,000. b) $75,000. c) $77,000. d) $78,000.
Answer:
correct answer is b) $75,000
Explanation:
given data
wage income = $75,000
short term capital loss = $5,000
short term capital gain = $2,000
long term capital gain = $3,000
solution
we get here net short capital loss that is
net short capital loss = short term capital loss - short term capital gain
net short capital loss = $5,000 - $2,000
net short capital loss = $3,000
and leaves him with as = long term capital gain - net short capital loss
= $3,000 - $3,000 = $0
so here AGI for 2019 is $75,000
so correct answer is b) $75,000
Suppose the U.S. national debt is about $15 trillion.
If payments were made at the rate of $4,000 per second, how many years would it take to pay off the debt, assuming no interest was charged?
Answer:
It is going to take 118.9 years to pay off the debt, assuming no interest was charged.
Explanation:
The first step to solve this question is to know how many dollars are paid per year.
How many seconds are in an year?
An year has 365 days.
Each day has 24 hours.
Each hour has 60 minutes.
Each minute has 60 seconds.
So each year has 365*24*60*60 = 31,536,000 seconds.
How much is paid a year?
Payments made at the rate of $4,000 per second.
So in an year, 4,000*31,536,000 = 126,144,000,000 dollars are paid in an year.
How many years would it take to pay off the debt, assuming no interest was charged?
The debt is $15 trillion = 15,000,000,000,000.
This can be solved by a simple rule of three
1 year - $126,144,000,000
x years - $15,000,000,000,000
[tex]126144000000x = 15000000000000[/tex]
[tex]x = \frac{15000000000000}{126144000000}[/tex]
[tex]x = 118.9[/tex]
It is going to take 118.9 years to pay off the debt, assuming no interest was charged.
The placement of Starbucks cafés within Barnes & Noble bookstores has proven to be a successful strategic alliance because both companies benefit from this arrangement. As a global marketing strategy, an important characteristic of a strategic alliance is ___.
Answer:
d) participant companies do not share costs or profits
Explanation:
The strategic alliance is the agreement of the companies for a joint project that comes to a mutual benefit for both companies.
However, unlike some other agreements of the sort (like joint venture for example), businesses keep their independence completely and do not share the resource pool, costs or profits.
The businesses are each leading their own project with own benefit, just joining it in a shorter or longer joint project.
A strategic alliance is characterized by mutual benefit, shared resources, and complementary strengths.
Explanation:An important characteristic of a strategic alliance is mutual benefit. In the case of the Starbucks and Barnes & Noble alliance, both companies benefit from the arrangement. Starbucks gains access to a wide customer base and increased visibility, while Barnes & Noble attracts more foot traffic and offers a convenient amenity to its customers.
Another important characteristic is shared resources. Starbucks cafés within Barnes & Noble stores leverage the existing bookstore infrastructure and resources, such as space, utilities, and customer traffic, reducing costs and maximizing the potential for success.
Lastly, complementary strengths play a role in a successful strategic alliance. Starbucks brings its expertise in coffee and customer experience, while Barnes & Noble contributes its expertise in bookselling. Together, they create a unique offering that appeals to a broader customer base.
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When hiring future workers, employers look for hard skills (those we learn such as mastery of software applications or accountancy procedures) and soft skills. Soft skills are personal characteristics, strengths, and other assets. Studies have divided soft skills into four categories:
1. Thinking and problem solving
2. Oral and written communication
3. Personal qualities and work ethic
4. Interpersonal and teamwork
Your Task Using the preceding categories to guide you, identify your own soft skills, paying attention to those you think a potential employer would value. Prepare lists of at least four items in each of the four categories. For example, as evidence of problem solving, you might list a specific workplace or student problem you recognized and solved. You will want to weave these words and phrases into cover letters and résumés,
Submit in a Memo Format.
Final answer:
Employers value candidates who possess a combination of hard and soft skills. Soft skills can be divided into thinking and problem solving, oral and written communication, personal qualities and work ethic, and interpersonal and teamwork. Some examples of soft skills highly valued by employers include analytical thinking, clear communication, adaptability, and collaboration.
Explanation:
Soft Skills for Employer Valuation
1. Thinking and problem solving:
- Analytical thinking
- Critical thinking
- Decision making
- Problem-solving
2. Oral and written communication:
- Clear and effective communication
- Active listening
- Presentation skills
- Writing skills
3. Personal qualities and work ethic:
- Adaptability
- Responsibility
- Time management
- Self-motivation
4. Interpersonal and teamwork:
- Collaboration
- Conflict resolution
- Leadership
- Teamwork
Employers value candidates who possess a combination of hard and soft skills. In the thinking and problem-solving category, skills such as analytical thinking, critical thinking, decision making, and problem-solving are highly sought after. Oral and written communication skills are essential for effective workplace communication, including active listening, presentation skills, and writing skills. Personal qualities and work ethic, such as adaptability, responsibility, time management, and self-motivation, demonstrate a strong commitment to professional growth. Lastly, interpersonal and teamwork skills, including collaboration, conflict resolution, leadership, and teamwork, indicate the ability to work well with others. Highlighting these soft skills in your cover letter and resume will demonstrate your suitability for the position.
hermann industries is forecasting the following income statement:sales $8,000,000operating costs excluding depr & amort. 4,400,000EBITDA $3,600,000depreciation & amortization 800,000EBIT 2,800,000Interest 600,000EBT 2,200,000Taxes (40%) 880,000Net income 1,320,000The CEO would like to see higher sales and a forecasted net income of 2,500,000. Assume that operating costs (excluding depreciation and amortization) are 55% of sales and that depreciation and amortization and interest expenses will increase by 10%. the tax rate, which is 40%, will remain the same. what level of sales would generate 2,500,000 in net income?
Answer:
Based on revised assumptions, Hermann Industries will have to achieve sales revenue of $12,681,481 in order to generated target Net Income of $2,500,000
Explanation:
Hermann Industries
Statement to calculate Revised Sales
Net Income $2,500,000
Add: Taxes (40%)
(Net Income × 40% ÷ 60%) $1,666,667
EBT $4,166,667
Add: Interest
($600,000 × (1+10%)) $660,000
EBIT $4,826,667
Depreciation & Amortization
($800,000 × (1+10%)) $880,000
EBITDA (45% of Sales) $5,706,667
Add: Operating Cost (55% of Sales)
(EBITDA × 55% ÷ 45%) $6,974,815
SALES $12,681,481
Revised Income Statement
Hermann Industries
Income Statement
Sales $12,681,481
Operating Costs $(6,974,815)
EBITDA $5,706,667
Depreciation & Amortization $(880,000)
EBIT $4,826,667
Interest $(660,000)
EBT $4,166,667
Taxes (40%) $(1,666,667)
Net Income $2,500,000
*Please note that figures in brackets represent negative figures.
In the management section of the proposal the contractor should define the that will be performed and provide a of what each major tasks includes.
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.
Which statement is most appropriate to include in the closing of a cover message? ?My accomplishments in the finance and accounting field, as well as the skills I learned in my summer internship, have prepared me for this position. I welcome the opportunity to discuss my qualifications more fully in an interview. Please call me at (435) 555-7832 before 11 a.m. or after 5 p.m. 0 I hope my accomplishments have convinced you that I am more than qualified for this position. I will expect a call from you to schedul an interview. I can be contacted at (435) 555-7832. O This brief description of my qualifications and my résumé should demonstrate my readiness for this position. Will you hire me for this position? Please call me at (435) 555-7832. How should you format your cover message when sending it in an e-mail? Check all that apply. O Place your return address at the top of the e-mail. D Remove your e-mail address and phone number. O Remove tabs, bullets, and underlining. Move your return address from the top of the message to just below your name.
Answer:
A
Explanation:
My accomplishments in the finance and accounting field, as well as the skills I learned in my summer internship, have prepared me for this position. I welcome the opportunity to discuss my qualifications more fully in an interview. Please call me at (435) 555-7832 before 11 a.m. or after 5 p.m.
following is regarding the format of the cover message;
Remove tabs, bullets, and underlining.
Move your return address from the top of the message to just below your name..
and following is the proper format;
Write a subject line that includes the position you’re applying for Address the company contact’s name in the salutation Clearly state what you’re hoping to accomplish in the first few sentences Summarize your strengths, skills and experience by connecting them to the job opportunity Use a font that’s easy to read Avoid typos in your message by proofreading Include a signature with your contact information"Let's say you are the owner of a local Italian restaurant in a suburb of a large city. The restaurant is turning a nice profit, and you've been approached by an investor who wants to help you open 10 more locations throughout the state. Create a SWOT analysis to help you understand what decision you would make. What kinds of data would you need in order to make an informed decision?"
Answer:
1.Strength, weaknesses, opportunities and threats
Further explanations can be seen below
2.Data that analyze the demographic of potential customers in your area can be helpful. The availability of ingredients for cooking near you to save man hours in looking for them. The number of restaurants in your area, what they do etc
Explanation:
SWOT Analysis represents Strength, weakness, threats and opportunity to a business outfit. To open more restaurants, let's look at the them one after the other.
Analysis of Strength
The strengths of your restaurant lie in what you do exceptionally well, whether it is price structure, tasty meals, a nice and cool environment, delivery to clients who work in offices, Quality service and a nice client relationship management.
if you offer promotional offers like buy 1 and get 1 free or christmas or Easter bonus. That could be your strength.
Analysis of Weaknesses,
Weaknesses may be not having enough staff to deliver to your clients at the heart of the city, the weakness of your waiters ,probably inability to communicate effectively with your customers, inadequate staff trainings, and lack of funds for publicity and advertisements
Analysis of Opportunities
Opportunities you could actually take advantage of might be getting more sales during festive seasons like christmas, easter. Opportunities could be selling different foods and beverages. baking cakes and cookies for birthdays and anniversaries
Analysis of Threats
The threats could be your competitors.One of them is a major food outlet who sells across the street, directly opposite to your shop. Rising price of ingredients and sea foods. increments in tax payment by the government, Political instability, economic crises or downturn like the world economic meltdown that occured few years ago
Data:
Analyze the demographic of potential customers in your area. The availability of ingredients for cooking near you to save man hours in looking for them. The number of restaurants in your area, what they do etc
Answer:
SWOT Analysis developed in explanation
Explanation:
As the owner of a local Italian restaurant in a suburb of a large city being approached to open 10 more restaurants is actually a welcome idea due to the influence of the already big name restaurants in the city. The following represent the SWOT or Strength, Weakness, Opportunity and Threats Plan I can develop to make informed decision
My SWOT ANALYSIS FOR 10 NEW RESTAURANTS
1. My Strength:
First my business is turning a nice profit which means people like my foodI bring a specialty in the name of Italian food that is more unique than the big names out thereI bring employment to the locals in my restaurant and try to remunerate well with good work conditionsI attract a unique set of customers who like my specialty for my own market2. My Weaknesses:
My specialty is not diverse, so only those who like Italian Cuisine comeI do not have so much capital like big name restaurants to expand as much as I like or try new cuisinesMy Business is only in one location presently compared to thousands of other big brands3. My Opportunities:
Opening new branches will give me the required publicityNew branches means developing brand and a developing franchise meaning more investors can be attractedNew branches mean new customers and a greater market shareNew branches mean more employees and more Corporate Social responsibilities4. My Threats
Making Italian cuisine in 10 locations will require specialised and trained workers, if they are not properly trained it will threaten the good name I have builtCompetitors from big franchises will begin to see me as competition and take active plans to either do what I do or other steps to shut me downGetting raw materials or ingredients for my specialty will be on a larger scale than before so new contacts and markets may be difficult to access. If this happens, the cost will rise and my food may become more expensive.The Kind of Data I would need to make an informed decision will be a SWOT Analysis as well as a feasibility study. These will give me both a qualitative and quantitative assessment of my intended market. It will speak to customers, availability of raw materials, pricing, competition, environment as well as regulations. All these will help make an informed decision.
Jones Enterprises was started when it acquired $3,750 cash from creditors and $11,250 from owners. The company immediately purchased land that cost $13,000.
(A) Record the events under an accounting equation.
(B) After all the events have been recorded, Jones's obligations to creditors represent what percent of total assets?
(C) After all the events have been recorded, Jones stockholders' equity represents what percent of total assets?
Answer:
(A) $2,000
(B) 25%
(C) 75%
Explanation:
(A) Accounting equation ;
Non-current Assets+ Current Assets = Stockholders' equity + liability
$13,000 + current Assets = $11,250 + $3,750
Current Asset (Cash or Bank Balance) = $15,000- $13,000
= $2,000
(B) Loan -Asset % = $3,750/$15,000 x 100%
= 25%
(C) Stock-holders' equity- Assets = $11,250/ $15,000 x 100%
=75%
If a manager increases the system utilization standard (assuming no change in the customer arrival rate) what happens to the average customer time in the system?
A. It increases exponentially.
B. It increases proportionally.
C. It decreases proportionally.
D. It decreases exponentially.
E. It does not change.
Answer:
A. It increases exponentially.
Explanation:
As an exponential increase refers to an increase by a large amount, If a manager increases the system utilization standard while assuming no change in the customer arrival rate the average customer time in the system "increases exponentially".
IE 9-2 ... PPF Model – If this economy has encountered a Recovery from Point "R" to Point "X" (as viewed by the Keynesian Model), then one Risk is a movement toward Point "P" with _________________. The corresponding AS/AD Model would move from a Price Level of $2.00 to __________ .
Answer:
Severe Inflation
Above $2.34
Explanation:
If this economy has encountered a Recovery from Point "R" to Point "X" (as viewed by the Keynesian Model), then one Risk is a movement toward Point "P" with severe inflation. The corresponding AS/AD Model would move from a Price Level of $2.00 to above $2.34.
The most powerful and widely used conceptual tool for diagnosing the principal competitive pressures in a market is
a. the five forces framework.
b. PESTEL.
c. the driving forces model.
d. strategic group mapping.
e. SWOT analysis.
Answer:
The correct answer is letter "A": the five forces framework.
Explanation:
Porter's Five Forces is an analysis scheme created by Harvard Business School professor Michael E. Porter (born in 1947). It allows business managers to gauge the level of competition within their company's industry, and thus assess current and potential lines of business. The ultimate goal of this analysis is to help managers set their profitability expectations because profitability decreases as competition increases.