Answer:
Answer 2 : This inventory system computes and records costs of goods sold at the end of the period.
Explanation:
The time at which records of costs of goods sold is done determines a company`s inventory system.
Two inventory systems exist which companies can use in their business which are Periodic and Perpetual inventory systems.
Periodic Inventory System
In this system recording of cost of goods sold is done at the end of a certain period.It could be after a week, month or year.This is the type is system that is being explained in the question.
Perpetual
The other is the other system of recording cost of goods sold. In this system cost of goods sold is computed at end of each sale ( at the time of sale)
Hence it is important to note when the count of inventory is done. If at the end of a period then its Periodic and when count is done after every sale then that is Perpetual.
The system described suggests a periodic inventory system, where a physical count is made at least once a year, and cost of goods sold is computed at the end of the period.
The inventory system is describing the periodic inventory system, which requires a physical inventory count at least once during the year and computes and records the cost of goods sold (COGS) only at the end of the accounting period. This system contrasts with the perpetual inventory system, which records COGS at the time of sale. Both systems will record sales revenue at the time of the transaction. Understanding these systems is crucial for accurate financial reporting and management, as they directly impact the valuation of inventory on the balance sheet and the computation of gross profit on the income statement.
Maintaining accurate inventory records is integral to reporting a firm's financial status. Inventory valuation methods, like FIFO and LIFO, can affect the reported value of inventory and, consequently, the financial outcomes such as net income. In practice, changes in inventory levels are considered a form of investment and are accounted for in the calculations of Gross Domestic Product (GDP), reflecting the production and consumption cycles within an economy.
When Sebastian wrote the contract with BP for over two billion dollars, he included targets for performance that had to be met before a payment would be released. Sebastian was trying to avoid ________bias.
Answer:
The question is incomplete, The complete question with options should be;
When Sebastian wrote the contract with BP for over two billion dollars, he included targets for performance that had to be met before a payment would be released. Sebastian was trying to avoid ________bias.
A. overconfidence
B. escalation of commitment
C. sunk-cost
D. framing
E. hindsight
The answer is
B. Escalation of commitment
Explanation:
Escalation of commitment is a human behavior pattern in which an individual or group facing increasingly negative outcomes from a decision, action, or investment regardless continues the behavior instead of changing the course.
It simply means the irrational behaviour of investing additional resources to a project that is failing.
These resources could be time, energy and money that an individual continue to invest into a falling and sinking venture or business
So, in this situation, before releasing the payment, Sebastian ensures that the targets should be met for the performance. He is avoiding the situation of escalation of commitment bias of him continuing to release or invest money into an already failing contract.
In order to attract younger customers to the Lacoste brand of clothing, CEO Robert Siegel made all of the major decisions in product planning, distribution, and promotion. He asked for no input from his employees. Siegel used a(n) _____ style to increase Lacoste's sales.
Answer:
autocratic
Explanation:
The autocratic leadership style refers to a management style where all the important decisions are made by one single person, the leader. He/she will not even bother to ask their subordinates about their own ideas, they only trust their own judgment and generally refuse to take advice from others.
Final answer:
Robert Siegel used a centralized leadership style to revitalize the Lacoste brand, making all major decisions independently to target a younger audience. This differs from the approach of other companies that adopted team-based and horizontally structured organizations, resulting in increased productivity and sales growth.
Explanation:
In the context of Lacoste's strategy to attract younger customers, CEO Robert Siegel adopted a centralized leadership style. This approach involved making all key decisions unilaterally regarding product planning, distribution, and promotion without seeking input from his employees. In contrast, other companies such as Schneider Electric and Chico's have embraced team-based and horizontal organizational structures, empowering employees with decision-making capabilities, which led to increased productivity and substantial growth. Similarly, Mike Jeffries at Abercrombie & Fitch strategically marketed the brand to a specific demographic to enhance the brand's appeal and increase sales.
Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $15 per share and it has 4.7 million shares outstanding. The firm's total capital is $110 million and it finances with only debt and common equity. What is its debt-to-capital ratio
Answer:
35.91%
Explanation:
The formula and the computation of the debt to capital ratio is shown below:
The debt to capital ratio equals to
= (Debt ÷ total invested capital) × 100
where,
Debt = Total capital - stock price × number of shares outstanding
= $110 million - $15 × 4.7 million shares
= $110 - $70.5 million
= $39.5 million
And, the total invested capital is $110 million
So, the debt to equity ratio is
= $39.5 million ÷ $110 million
= 35.91%
Final answer:
The debt-to-capital ratio of Kaye's Kitchenware is calculated by subtracting the market value of equity from the total capital to get the value of debt and then dividing that by the total capital. The result is a ratio of 0.359 or 35.9%.
Explanation:
The student is asking how to calculate Kaye's Kitchenware's debt-to-capital ratio. The market/book ratio of 1 indicates that the market value of equity equals the book value of equity. Since stock price is $15 per share and there are 4.7 million shares outstanding, the market value of equity is $15 multiplied by 4.7 million, which equals $70.5 million. Total capital is given as $110 million, and since the company finances with debt and common equity, we can subtract the market value of equity from total capital to determine the value of debt.
Debt = Total Capital - Market Value of Equity = $110 million - $70.5 million = $39.5 million
Finally, to find the debt-to-capital ratio, we divide the value of debt by the total capital:
Debt-to-Capital Ratio = Debt / Total Capital = $39.5 million / $110 million
Therefore, the debt-to-capital ratio of Kaye's Kitchenware is 0.359 or 35.9%.
The relationship between the consumer's expectations and the product's ________ determines whether the buyer is satisfied or dissatisfied with a purchase.
Answer:
Perceived performance
Explanation:
Perceived perception is the customer's perception about a particular product based on the expectations they had before making purchase.
The relationship between the consumer's expectations and the product's performance determines buyer satisfaction.
Explanation:The relationship between the consumer's expectations and the product's performance determines whether the buyer is satisfied or dissatisfied with a purchase. When a product meets or exceeds the consumer's expectations, they are more likely to be satisfied. On the other hand, if the product falls short of their expectations, they may be dissatisfied.
For example, let's say a consumer buys a smartphone with high expectations for its camera quality. If the camera performs exceptionally well and meets or exceeds the consumer's expectations, they will likely be satisfied with their purchase. However, if the camera does not meet their expectations and the picture quality is poor, they may be dissatisfied.
In conclusion, the relationship between the consumer's expectations and the product's performance is crucial in determining customer satisfaction with a purchase.
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A sales clerk enters a customer's six-number customer account. The computer program uses the first five numbers to calculate a sixth number. This resulting number is then compared to the sixth number entered by the sales clerk. This is an example of a:_________________.1. Valid character test2. Missing data test3. Reasonableness test4. Checklist
Final answer:
The example you provided is an example of a Reasonableness test. In this case, the computer program uses the first five numbers entered by the sales clerk to calculate a sixth number and compares it to the sixth number entered by the sales clerk. If they are reasonably close, it is considered a valid entry.
Explanation:
The example you provided is an example of a Reasonableness test.
In this case, the computer program uses the first five numbers entered by the sales clerk to calculate a sixth number. The resulting number is then compared to the sixth number entered by the sales clerk. If the calculated number and the entered number are reasonably close, it is considered a valid entry.
For example, if a sales clerk enters the customer account numbers 123456 and the program calculates the sixth number as 7, the sales clerk should enter 7 as the sixth number. If the calculated number and the entered number are significantly different, it may indicate an error in data entry.
Valerie contracts with Esteban, who agrees to build a stone retaining wall and drain on her property. The wall and drain are necessary to prevent erosion of her land, which is falling into the creek on her property at a rapid rate. If Esteban breaches the contract, Valerie is under a legal obligation to:__________.
a. wait until Esteban is prepared to build the wall and drain.
b. mitigate her damages.
c. do nothing, because she is the innocent party and thus has no legal duties.
d. absorb all of the costs associated with the property erosion caused by Esteban's breach.
Answer:
The correect answer is b. mitigate her damages.
Explanation:
The duty to mitigate damages, also called the duty of cooperation or obligation for itself, constitutes a limit to the protection of the right of the affected party with the breach in regard to the amount of compensation, which arises after the cause of the damage.
This legal figure imposes on the creditor the duty to take reasonable measures at its disposal to reduce the damage arising from the breach of contract and, correspondingly, abstain of those unreasonable that can increase it. This means that the mitigation duty operates as a disincentive mechanism to the passive or negligent attitudes of the creditor in the face of default, and prompts him to prevent the aggravation of the damage.
Marvin and Maria start selling handmade jewelry to distributors nationwide, and intend to form an LLC. Marvin and Maria enter into four contracts with distributors while the LLC is in the process of being formed but before the LLC is formally in existence. Once Marvin and Maria form the LLC:_____________.a. the contracts are unenforceable by any party. b. once the LLC is formed and adopts the contracts, it can then enforce the contract terms. c. the contracts are unenforceable by the LLC, only Marvin and Maria personally. d. the contracts are enforceable if this were a corporation, but not for an LLC
Answer:
Option b.
Explanation:
Marvin and Maria start selling handmade jewellery to distributors nationwide, and intend to form an LLC. Marvin and Maria enter into four contracts with distributors while the LLC is in the process of being formed but before the LLC is formally in existence. Once Marvin and Maria form the LLC once the LLC: is formed and adopts the contracts, it can then enforce the contract terms.
If interest rates in general were to fall, 1. the prices of existing bonds would rise 2. the prices of existing bonds would fall 3. yields to maturity would rise 4. yields to maturity would fall
If general interest rates fall, the prices of existing bonds would rise as they become more attractive to investors looking for higher yields than the prevalent rate. Consequently, the yield to maturity for these bonds decreases because it's inversely related to the bond price.
Explanation:If general interest rates were to fall, the prices of existing bonds would rise and yields to maturity would fall. This occurs because when an existing bond has a yield higher than the prevalent rate, its price rises as it becomes more attractive to investors. Conversely, the yield to maturity falls because it's inversely related to the bond's price.
Financial markets display a wide range of interest rates, usually influenced by a combination of the federal funds rate and the forces of supply and demand in the lending and borrowing markets. Hence, a drop in general interest rates reduces the yields to maturity as well.
It's crucial to note that the relationship between bond prices, interest rates, and yields to maturity is specific and generally holds irrespective of whether the interest rates rise or fall. The present value calculation further elucidates this concept.
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The section of a company’s annual report that provides management’s views on significant events, trends and uncertainties pertaining to the company’s (a) operations, (b) liquidity, and (c) capital resources is:____________
Answer:
(a) operations
Explanation:
The section of the companies annual reports provides the management views on significant events and the trends and the uncertainties that pertain to the company and that is found in the framework of the operation and deals with the significance and the control of the products and services and significant events and trends.Which of the following statutes applies to the hacking of another's computer or accounts? a. CAN-SPAM b. The Stored Communications Act c. The Unauthorized Access Computer Crimes d. Electronic Privacy Communications Act
Answer:
C. The Unauthorized Access Computer Crimes
Explanation:
Unauthorized access involves trespassing and accessing private information or data on a system without the consent of the computer user or owner. The unauthorized access computer crimes statutes accounts for hacking of another person's computer.
This makes it illegal and punishable under to law to access an individual's computer whether through remote access or internet access without the permission of the owner.
A newly launched twenty-first century addition to production strategy which leverages lean manufacturing strategies, Six Sigma best practices, and real-time actionable intelligence from the factory floor is called:
Answer:
Adaptive manufacturing
Explanation:
Based on the information provided within the question it can be said that the production strategy that is being mentioned is called Adaptive manufacturing. This uses many practices in order to develop, produce, and deliver products with high demand, while also efficiently managing and using all the existing resources that the company has at it's disposal.
Answer: Adaptive manufacturing
Explanation:
Adaptive Manufacturing is a joint project by Oliver van Herpt and Sander Wassink which began in 2014. An important part of their project was to highlight the production process.
Adaptive Manufacturing answers the question about how craftsman has been replaced by technological production thereby removing all traces of local and human influence.
There is the production process at the beginning of every product. When craftsmen were replaced by machines, there was loss in the translation of local influences into products.
Adaptive manufacturing is a 21st century addition to production strategy which uses six sigma,lean manufacturing strategies, and real-time actionable intelligence to enhance production.
A company is recording the disposal of accounts receivable with two different transactions. One transaction affects the balance of two asset accounts and one stockholders' equity account, whereas the second transaction affects one asset account and two stockholders' equity accounts. Which of the following most accurately describes these transactions?
The first transaction records the sale of accounts receivable to a factor, whereas the second transaction records a sale that was paid using a national credit card.
The journal entry for the sale of receivables to a factor requires a debit to Cash (asset), a debit to Service Charge Expense (stockholders' equity), and a credit to Accounts Receivable (asset). Therefore, it affects two asset accounts and one stockholders' equity account. In contrast, the journal entry for a sale paid with a national credit card requires a debit to Cash (asset), a debit to Service Charge Expense (stockholders' equity), and a credit to Sales Revenue (stockholders' equity). Therefore, it affects one asset account and two stockholders' equity accounts. A sale made with a store credit card does not dispose of accounts receivable; instead, it increases Accounts Receivable and increases Sales Revenue.
The following statements more accurately describe the transactions:
- The first transaction records the sale of accounts receivable to a factor, whereas the second transaction records a sale that was paid using a national credit card.
- The journal entry for the sale of receivables to a factor requires a debit to Cash (asset), a debit to Service Charge Expense (stockholders' equity), and a credit to Accounts Receivable (asset). Therefore, it affects two asset accounts and one stockholders' equity account. In contrast, the journal entry for a sale paid with a national credit card requires a debit to Cash (asset), a debit to Service Charge Expense (stockholders' equity), and a credit to Sales Revenue (stockholders' equity). Therefore, it affects one asset account and two stockholders' equity accounts. A sale made with a store credit card does not dispose of accounts receivable; instead, it increases Accounts Receivable and increases Sales Revenue.
Explanation:
The assets owned by the company are recorded in the form of account known as asset account. Capital expenditures are debited to an asset account, and the expenditure is said to be capitalized. If the owner of the business increases the assets amount, the asset account will also be increased.
Equity account illustrates the financial representation of the ownership of a business. The payment made by the owner to the business or the earnings that are generated by the business are considered as equity. As the equity funds come from different sources, the equity is stored in multiple types of accounts.
Two managers of a company have a conflict over resources required to complete their new projects. Both managers want the best employees of the firm to work in their projects. Eventually, they arrive at a decision where they equally share the number of top-performing employees. In the given scenario, which of the following methods have the managers used to resolve the conflict?
Answer: Integrated conflict management
Explanation: Integrated Conflict Management encourages alternative conflict resolution which strongly focuses on the interests and the needs of the people involved.
The people directly involved in the dispute are actively encouraged, supported, and prompted to take responsibility for managing their disputes.
Answer:
COMPROMISE
Explanation:
Conflict can be handled or resolved with strategies like: avoiding, defeating, compromising, accommodating, and collaborating.
Compromise is a big step toward conflict resolution, it is a situation where both parties look for a common ground. The concept of compromise is that everyone gives up a little bit of what they want, and no one gets everything they want.
Since the two managers arrived at a decision where they equally share the number of top-performing employees, therefore, the method the managers used to resolve the conflict is COMPROMISE.
Cremics, a multinational drug manufacturing company, used a saffron trident in a promotional campaign for one of its drugs in India. The saffron trident, a religious symbol in India, was meant to indicate the three levels of efficacy of the drug but mistakenly conveyed a religious message to Indians. This miscommunication indicates a problem associated with which of the following steps of an international communications process? Group of answer choices
Answer:
Encoding
Explanation:
Encoding of a message can be defined as the production of the message because It is a system of coded meanings, and in order to create that, the sender of the message needs to understand how the message is comprehensible or will be decoded to the members of the audience.
Cremics obviously did not understand how saffron trident will be understood by the indians which led to the problem of miscommunication.
Answer:
Encoding
Explanation:
In communication encoding is the process by which messages are formed and is a system of coded meanings of the message. The sender must ensure the audience can understand his message. Decoding is how well the audience understands the message sent.
In this instance when Saffron used the trident in its promotion effort to India, it should have found a way to emphasise the trident used meant three levels of efficacy of the drug. And not it's religious meaning.
While encoding the message must consider how the recipient will perceive the message.
You notice that you always make your transaction at the very beginning of the round. Although it's nice to transact every time, offering a price so low that buyers immediately accept it might mean:___________.
Answer:
you're receiving too small of a gain
Explanation:
Based on the information provided within the question it can be said that offering a price so low that buyers immediately accept it might mean you're receiving too small of a gain. That is because if a buyer is immediately accepting it, then it can be because they realize that it is a great deal and that they will most likely not find a better price anywhere else and immediately decide to buy it from you. Therefore you can be selling it for an increased profit margin by increasing the price.
For a particular competitive firm, the minimum value of the average variable cost (AVC) is $12 and is reached when 200 units of output are produced. For the same firm, the minimum value of the average total cost (ATC) is $15 and is reached when 230 units of output are produced. Which of the following statements is correct?
a. In the short run, the firm will shut down if the price of its product is $11.
b. In the long run, the firm will shut down if the price of its product is $14.
c. If the price of its product is $12, then the firm's loss if it produces 200 units of output is the same as its loss if it shuts down.
d. All of the above are correct.
its D i am 100% sure1
Answer:
d. All of the above are correct.
Explanation:
The following statements is correct are :
A) In the short run, the firm will shut down if the price of its product decreases by $11 .
B) In the long run, the firm will shut down if the price of its product is decreased by $14.
C) The minimum value of variable cost equals the variable cost of producing 1 single unit, not the variable cost of producing 200 units.
Thus, all the statements are correct.
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The rule preventing recovery for reasonably avoidable damages is often called the duty to mitigate. True or false
Answer:
True
Explanation:
In contract law and civil law, the duty to mitigate damages refers to the duty that the individual responsible for the wrongdoing must carry out to limit the harm or injury caused by him/her. The duty to mitigate applies both for contract breaches and victims or torts.
What variables have to be considered in designing the organizational structure for international operations? how do these variables interact, and which do you think are most important? 2. explain the need for an mnc to "be global and act local." how can a firm design its organization to enable this? 3. what is a transnational organization? since many large mncs are moving toward this format, it is likely that you could at some point be working within this structure. how do you feel about that? 4. discuss the implications of the relative centralization of authority and decision making at headquarters versus local units or subsidiaries. how would you feel about this variable if you were a subsidiary manager?
A company can be a MNC's only if the entity has sufficient funds to rely back upon
Explanation:
1. Operating cost , Product demand . As these variables help the company to have decision making for the working of the Business
2. Need- Most important is to reach out to the demand of the customers geographically .
3, Transnational Organisation- They are those that " transcend" the idea of nation state.
4. As a Subsidiary Manger delegation of Decision-Making should depend upon the size and the type of organisation.
Key considerations for an international organizational structure include strategic goals, product diversification, market complexity, cultural differences, and coordination needs. The concept of 'be global and act local' refers to the need for a transnational structure, striking a balance between global efficiency and local responsiveness. The centralization or decentralization of authority can vary depending on a company's specifics and the needs of local managers.
Explanation:When designing an organizational structure for international operations, several variables need to be considered. These include the company's strategic goals, the level of product diversification, the markets' complexity and diversity, regulations, cultural differences, and the communication and coordination needs between the headquarters and subsidiaries.
These variables interact in complex ways. For instance, a company with high product diversification might need a more decentralized structure to respond to different market demands. Cultural differences and regulatory constraints might also require adaptations at the local level.
The need for companies to 'be global and act local' is encapsulated in the concept of glocalization. This requires an organization to have a standard global approach while being flexible enough to adapt to local conditions. This can be achieved through a transnational organizational structure, where decision-making, resources, and responsibilities are distributed among multiple foreign operations.
A transnational organization is characterized by an integrated network of global subsidiaries. Many multinational companies (MNCs) are moving towards this structure, as it allows a balance between efficiency, local responsiveness, and learning innovation benefits from various subsidiaries.
The implications of relative centralization versus decentralization largely depend on the size and scope of the organization's operations. In my opinion, as a subsidiary manager, I would prefer a certain degree of autonomy in decision-making. But a trade-off exists, as local managers need coordination and support from headquarters.
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The rental income generated by a lease can depend significantly on the proportion of property-level operating expenses paid by the tenant. In which of the following types of leases is the tenant responsible for all operating expenses?1. Gross lease2. Net lease 3. Net-Net lease4. Triple net lease
Answer:
4) Triple net lease
Explanation:
In a triple net lease (NNN lease), the tenant is responsible for all the expenses related to the leased property including property taxes, maintenance fees, reparations and property insurance. NNN leases are usually commercial leases only.
The landlord's disadvantage with a NNN lease is that the monthly lease payment tends to be lower since the tenant assumes all the costs related to the leased property. On the other hand, a NNN lease generally provides a stable cash flow, so its associated risk is lower.
Assume a firm employs 10 workers and pays each $15 per hour. Further assume that the MP of the 10th worker is 5 units of output and that the price of the output is $4. According to economic theory, in the short run, __________.a. the firm should hire additional workers.
b. the firm should reduce the number of workers employed.
c. the firm should continue to employ 10 workers.
d. more information is required to answer this question.
Answer:
A) the firm should hire additional workers.
Explanation:
if the marginal production of the tenth worker is 5 units or output and the price of each unit is $4, the the workers total marginal product revenue (MPR) = 5 units x $4 per unit = $20
Since the cost of hiring that tenth worker is $15 (less than MPR), then the company should hire more additional workers until the MRP = labor cost
Final answer:
According to economic theory, given the VMP of the 10th worker is greater than their wage, the firm should hire additional workers as this will increase profit.
Explanation:
The decision-making process of a firm on whether to hire additional workers based on economic principles, notably the concept of Marginal Product (MP) and Marginal Revenue Product (MRP). In this scenario, a firm pays its workers $15 per hour, and the 10th worker's MP is 5 units of output, with each unit priced at $4. According to economic theory, a firm should hire additional workers as long as the cost of an extra worker is less than the Value of Marginal Product (VMP). The VMP is calculated as the MP of the worker multiplied by the price of the output. In this case, the VMP of the 10th worker is $20 (5 units * $4), which is greater than the wage rate of $15. Therefore, it is profitable for the firm to hire more workers since the revenue generated by the last worker hired exceeds their cost.
Which of the following costs is an important purchasing consideration when quantity discounts are offered? Question 2 options: Shortage costs Setup costs Holding costs Unit costs
Answer:
Set up cost
Explanation:
Set up is the cost incurred to purchase or buy equipments and items needed to start up production and it is a very essential cost to consider when quantity discounts are offered because it would help rearrange the cost that would be incurred in production.
Levi owns a store that sells cooking products to end consumers. He has worked with the same supplier for many years and trusts him completely. Whenever Levi needs to order new inventory from his supplier, he sends him information specifying the type of product, the quantity, the color, and some general quality characteristics. Levi has been with his supplier for years and knows how thorough he is. Finding defective products are so rare that Levi doesn't even bother examining the shipment, other than to make sure the products adhere to the standards specified. Refer to Scenario 8.1. Levi is getting ready to order another shipment of frying pans. However, he wants to switch from cast iron to aluminum. What type of purchase is Levi using?
Answer:
modified rebuy
Explanation:
A modified rebuy takes place when a buyer decides to make another purchase form his/her usual vendor, but the new purchase includes some different items or different characteristics than previous purchases. In this case, Levi is modifying the characteristics of the goods that he usually purchases from his usual vendor.
In New York City, a privately funded program pays low-income parents $50 every two months for each child who attends school regularly during that period. This incentive illustrates a _____ schedule of reinforcement.
Full question:
In New York City, a privately funded program pays low-income parents $50 every two months for each child who attends school regularly during that period. This incentive illustrates a _____ schedule of reinforcement.
A. fixed-interval
B. fixed-ratio
C. variable-interval
D. variable-ratio
Answer:
This incentive illustrates a fixed-interval schedule of reinforcement.
Explanation:
A fixed-interval schedule is a plan of reinforcement where the first acknowledgment is compensated only later a designated measure of time has transpired. This plan makes high amounts of returning near the end of the interval but much delayed responding quickly after the delivery of the reinforcer.
The acknowledgment rate in a fixed-interval reinforcement schedule is reasonably anticipated; it improves as the reinforcement time arrives and then falls off precipitously directly subsequent reinforcement. It can be an essential tool when preparing new behaviors.
Imagine that someone offers you $100 today or $200 in 10 years. You would prefer to take the $100 today if the interest rate is Group of answer choices 4 percent. 6 percent. 8 percent. All of the above are correct.
Answer:
The best choice is to accept $200 in 10 years.
Explanation:
The offer is $100 today with interest for 10 years or $200 after ten years.
Applying the interest on $100
For 4% interest
4/100 *100 = $4
4*10 =40
Amount = $100+$40 =$140 --------a bad choice
For 6% interest
6/100*100 = $6
$6*10 = $60
Amount = $100+$60= $160---------still a bad choice
For 8% interest
8/100*100 =$8
$8*10 = $80
Amount = $100+$80 = $180 -------still not a better choice
The best choice is to accept $200 in 10 years.
Final answer:
The correct choice would be to take the $100 today if the available interest rate is 8 percent, because at this rate, the future value of $100 after 10 years would exceed $200.
Explanation:
The student's question involves present value analysis, which is a concept in finance that pertains to determining the value today (present value) of an amount of money to be received in the future, using a specified interest rate. The choice between $100 today versus $200 in 10 years depends on the opportunity cost of not having the money today, which can be evaluated by calculating the future value of $100 given different interest rates.
Let's calculate the future value of $100 at various interest rates after 10 years and compare it with the $200 offer:
At 4% interest rate, future value = $100 * (1 + 0.04)^10 = $148.02
At 6% interest rate, future value = $100 * (1 + 0.06)^10 = $179.08
At 8% interest rate, future value = $100 * (1 + 0.08)^10 = $215.89
Based on these calculations, you would prefer to take the $100 today if the interest rate is 8 percent, as the money can grow to be more than $200 in 10 years at that interest rate. Hence, the correct answer is 8 percent.
A good system of internal control for cash provides adequate procedures for protecting both cash receipts and cash
disbursements. Identify each of the following statements as either true or false regarding this protection.
_____ a. A basic guideline for safeguarding cash is that all cash receipts be deposited weekly or monthly.
_____ b. A voucher system of control is a control system exclusively for cash receipts.
_____ c. A basic guideline for safeguarding cash is to separate the duties of those who have custody of cash from those
who keep cash records.
_____ d. A petty cash system is not a control procedure for safeguarding cash.
The correct answers are a. True, b. False, c. True, d. False. All of these statements relate to major components of a system of cash handling controls.
Explanation:The answers to your true or false questions are:
a. True. A basic guideline for safeguarding cash involves making sure that all cash receipts are deposited into a bank account promptly, and certainly more frequently than weekly or monthly. This helps prevent mishandling or theft of funds.
b. False. A voucher system of control is a method used for controlling cash disbursements, not cash receipts. This system creates a paper trail so that all payments can be verified and tracked.
c. True. Having different people handle cash and maintain records is a key safeguard to reduce the risk of theft or fraud. This separation makes it harder for an individual to both commit and hide fraudulent activity.
d. False. A petty cash system is indeed a control procedure, typically used to manage small, incidental cash transactions within an organization. This system reduces the risk of misappropriation by requiring documentation and custodial control for each cash transaction.
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Consider the following case: Andre is an amateur investor who holds a small portfolio consisting of only four stocks. The stock holdings in his portfolio:Stock Percentage of Portfolio Expected Return Standard DeviationArtemis 20% 8% 38%Babish 30% 14% 42%Cornell 35% 11% 45%Danforth 15% 5% 47% What is the expected return of Andre's portfolio?Suppose each stock in the preceding portfolio has a correlation coefficient of 0.4 with each of the other stocks. The market's standard deviation is around 20%, and the weighted average of the risk of the individual securities in the partially diversified portfolio of four stocks is 35%. If 40 additional, randomly selected stocks with a correlation coefficient of 0.3 with the other stocks in the portfolio were added to the portfolio, what effect would this have on the portfolio's standard deviation?
Answer:
answer is attached in figure below
Explanation:
On May 1, 20Y6, Stanton Company purchased $100,000 of Harris Company's 12% bonds at 100 plus accrued interest of $4,000. On June 30, 20Y6, Stanton received its first semiannual interest. On February 1, 20Y7, Stanton sold $80,000 of the bonds at 103 plus accrued interest. The journal entry Stanton will record on February 1, 20Y7, will include a a. credit to Interest Revenue for $2,400. b. credit to Gain on Sale of Investments for $2,400. c. debit to Cash for $82,400 d. credit to Interest Receivable for $1,000.
Answer:
Credit to Gain on Sale of Investments for $2,400
Mariah was born in 1993. When she graduated from college, she got a job working for a small advertising company. Although the salary isn't what she expected, she likes that the company favors advancement, recognition, and improved capabilities. She also likes that her company allows her to work remotely two days per week. What generation does Mariah belong to?
Answer:
Millennials.
Explanation:
Millennials is the general term for people that are born in the 1980s and 1990s. Sometimes children born in the early 2000s are also included.
Millennials are also called generation Y and comes after generation X (1960s to 1980s).
These class have been characterised as being lazy, as is seen Mariah likes the fact that she can work from home.
They are also narsicistic, less concerned about helping the larger community, and prone to jump from one job to another.
They have positive attributes of being open minded, confident, self-expression, and liberal.
Suppose you are a human resource executive, supporting strategy. Executives in your industry are concluding that a certain HR-related law no longer seems relevant in the Internet age. To which government branch would it be most effective to turn for addressing the need for a change in the legal environment?
A.
the executive branch, requesting it not enforce the existing law
B.
the executive branch, requesting a new law in this area
C.
the judicial branch, requesting a new law in this area
D.
the legislative branch, requesting a new law in this area
E.
the legislative branch, requesting it not enforce the existing law
Answer:
D. The legislative branch, requesting a new law in this area
Answer:
D. the legislative branch, requesting a new law in this area
Explanation:
The legislative branch of a government is saddled with the responsibility of making new laws and changing old laws. In the United States, this branch is composed of the House of Representatives and the Senate, making up the congress that writes or enact laws.
Therefore, the government branch that would be most effective to run for addressing the need for a change in the legal environment is the legislative branch of government.
John works for a consumer products company. His job is to use information to identify and define marketing opportunities, evaluate marketing actions, and monitor marketing performance. John's work involves:_______.
Answer:
The correct answer is marketing research.
Explanation:
Marketing research is the process that includes the actions of identification, collection, analysis and dissemination of information with the purpose of improving marketing decision making. Its implementation occurs basically for two reasons: (1) to solve problems, for example, determine the potential of a market; and / or (2) to identify problems, for example, to know why a product does not have the expected consumption. In essence, it seeks to meet the customer thus complying with the first premise of marketing.