Answer:
The correct answers are letters "A", "C", "D", and "E".
Explanation:
Flabby expressions are wordy segments that confuse the meaning of the messages intended to be transmitted. Using concise verbs will reduce the use of flabby expressions which is to give the message a direct sound. Flabby expressions should be trimmed so the segment expressed can be easily understood.
Expressions like "for the period of", "in very few cases", "in addition to", or "as a general rule" are considered flabby in sentences and should be avoided.
Final answer:
The sentences that contain flabby expressions, which should be revised for conciseness, include the first, the fourth, and the last sentences. These sentences include unnecessary phrases that add to wordiness and can be omitted without changing their meaning.
Explanation:
In the context of business writing, where conciseness is highly valued, the sentences needing revision due to their flabby expressions are:
I worked on the MarkMaster campaign for the period of 35 hours last week.
In very few cases will he return text messages.
In addition to the above, the client is of the opinion that, as a general rule, Comic Sans font is childish.
By eliminating expressions such as 'for the period of,' 'in very few cases,' and 'of the opinion that, as a general rule,' the writing becomes more efficient and powerful. This editing also reduces unnecessary words and redundancies that do not add meaning to the sentences.
Banks are good examples of ______ because each location operates independently, but contributes to the common good of the organization. sequential interdependence
Banks are good examples of pooled interdependence because each location operates independently, but contributes to the common good of the organization.
Option: A
Explanation:
A fairly loose hierarchical structure in which single business division or department conducts its own separate duties, does not communicate with other units and does not rely explicitly on other departments, while contributing to the success of the entire company.The divisions rely indirectly on each other in a pooled atmosphere of interdependence, so that one ineffective unit may harm the entire company. Here banks location function independently, but participate well for the development and growth to direct the welfare of the bank.
Banks are good examples of decentralized organizations. Every branch operates independently but contributes to the goals of the overall organization. They exemplify the balance between operational independence and organizational unity.
Explanation:Banks are good examples of decentralized organizations. A decentralized organization is one in which the decision-making authority is distributed among various levels in the organization. In banks, each location or branch operates independently in terms of managing its daily operations, but they all contribute to the overall goals and objectives of the whole banking organization.
Each branch has its branch manager and team, who have the power to make decisions based on their interactions with customers and local market conditions. Despite the autonomy, every branch must adhere to the regulatory and policy guidelines set by the bank's head office. Thus, while each branch functions somewhat independently, they collectively work towards the common good of the overall organization, which is to provide reliable banking services and generate profit.
Learn more about Decentralized Organizations here:https://brainly.com/question/31824849
#SPJ3
If your agency decides to limit competition for the BSVD contract, which FAR Subpart 6.3 exception is best justified in relation to the facts presented? Provide rationale for your response to include addressing any unique requirements contained in the FAR Subpart 6.3 exceptions. (2 points)
Undefinitized Contract Actions (UCAs) – 4 points total
DFARS Subpart 217.74
In analyzing your alternatives to get this requirement on contract rapidly and responsibly, you are now considering using a letter contract - a type of undefinitized contract action (UCA). Under a UCA, the contractor starts work before all contract terms, specifications, or prices are agreed upon.
Identify and explain four risks that are introduced into a program by use of a UCA. For each identified risk, what limitation in DFARS 217.7404 could be used to mitigate that risk? Explain. (1/2 point for each identified risk with supporting rationale and ½ point each for identifying and explaining how the applicable DFARS 217.7404 limitation mitigates that risk – total of 4 points)
Answer:
6.302-1-
Only one responsible source and no other supplies or services will satisfy agency requirements. This authority shall be used, if appropriate, in preference to the authority in 6.302-7; it shall not be used when any of the other circumstances is applicable. Use of this authority may be appropriate in situations when there is a reasonable basis to conclude that the agency’s minimum needs can only be satisfied by unique supplies or services available from only one source or only one supplier with unique capabilities; or for DoD, NASA, and the Coast Guard, unique supplies or services available from only one or a limited number of sources or from only one or a limited number of suppliers with unique capabilities.
It appears that Nanotech is the only commercial entity with technology that is mature enough to potentially meet the stringent 90 day criteria for delivery of working prototypes
Undefinitized Contract Actions (UCAs)
Risk: Improper justification of the issuance of a UCA, or undefined UCA approval delegations
Mitigation: DFARS 217.7404-1 - The contracting officer shall obtain approval from the head of the contracting activity before entering into a UCA. The request for approval must fully explain the need to begin performance before definitization, including the adverse impact on agency requirements resulting from delays in beginning performance.
Risk: The contractor has little incentive to control costs during the undefinitized period, creating a potential for wasted taxpayer dollars.
Mitigation: This is mitigated by DFARS 217.7404-2 which requires UCAs to include a not-to-exceed price. DFARS 217.7404-4 provides that the Government shall not obligate more than 50 percent of the not-to-exceed price before definitization.
Risk: Definitation dates may not be met.
Mitigation: This is mitigated by DFARS 217.7404-3 - In order to meet the definitization dates, the contracting officer shall closely coordinate and monitor each UCA. Contracting officers should frequently communicate with the program office and requiring officials as appropriate to actively manage the definitization of UCAs. The contracting officer should alert the approval authority if, for any reason, the definitization schedule appears to be in jeopardy.
Risk: Failure to obligate funds within allowable limits for UCA
Mitigation: This is mitigated by DFARS 217.7404-4. Where the Government shall not obligate more than 50 percent of the not-to-exceed price before definitization. However, if a contractor submits a qualifying proposal before 50 percent of the not-to-exceed price has been obligated by the Government, then the limitation on obligations before definitization may be increased to no more than 75 percent (see 232.102-70 for coverage on provisional delivery payments). In determining the appropriate amount to obligate, the contracting officer shall assess the contractor’s proposal for the undefinitized period and shall obligate funds only in an amount consistent with the contractor’s requirements for the undefinitized period.
Your father invested a lump sum 39 years ago at 4.25 percent interest. Today, he gave you the proceeds of that investment which totaled $51,780.79. How much did your father originally invest, assuming annual compounding
Answer:
The correct answer is $10,214.15.
Explanation:
According to the scenario, the given data are as follows:
Future value (FV) = $51,780.79
Time period (t) = 39 years
Rate of interest (r) = 4.25%
So, we can calculate the amount invested by using following formula:
Amount invested = FV ÷ ( 1+ r)^t
= $51,780.79 ÷ ( 1 + 0.0425)^39
= $51,780.79 ÷ 5.06951581449
= $10,214.15
A market research study conducted by Genomia Science Supply shows that the company holds a 25 percent market share in laboratory cell incubators. It wishes to increase that share to 50 percent over the course of three years. This goal is an example of a _____ objective.
Answer:
Explanation:
A market research study conducted by Genomia Science Supply shows that the company holds a 25 percent market share in laboratory cell incubators. It wishes to increase that share to 50 percent over the course of three years. This goal is an example of a competitive objective.
Mason cancelled a note issued by Emma Mason's niece that arose in connection with the sale of property at the time of cancellation the note had a basis to Mason of $30,000 a face amount of $55,000 and a fair market value of $42,000. Presuming that the initial sale by Mason qualify as an installment sale the cancellation results in a gain of ___.
Answer:
The correct answer is $25,000.
Explanation:
According to the scenario, the given data are as follows:
Face amount = $55,000
Basis of Mason = $30,000
Fair market value = $42,000
So, we can calculate the gain by using following formula:
Gain = Face amount - Basis of Mason
By putting the following in the formula we get,
Gain = $55,000 - $30,000
= $25,000.
Hence, the cancellation of the sale results in gain of $25,000.
The cancellation of the note results in a gain of $12,000 for Mason.
To determine the gain, we need to consider the basis of the note to Mason, the face amount of the note, and the fair market value of the note at the time of cancellation.
The gain on the cancellation of a note is calculated as the difference between the fair market value of the note at the time of cancellation and the basis of the note.
Given:
- Basis of the note to Mason: $30,000
- Fair market value of the note at the time of cancellation: $42,000
Using the formula for gain:
[tex]\[ \text{Gain} = \text{Fair Market Value} - \text{Basis} \][/tex]
[tex]\[ \text{Gain} = \$42,000 - \$30,000 \][/tex]
[tex]\[ \text{Gain} = \$12,000 \][/tex]
Therefore, Mason realizes a gain of $12,000 upon the cancellation of the note. The face amount of the note is not directly relevant to the calculation of the gain in this case, as the gain is based on the fair market value at the time of cancellation minus the basis.
Conners Company has offered to sell 10,000 units of the same part to Piels Corporation for $36 per unit. Assuming there is no other use for the facilities, Schmidt should ________.
Answer:
Conners Company has offered to sell 10,000 units of the same part to Piels Corporation for $36 per unit. Assuming there is no other use for the facilities, Schmidt should make this part, as this would save $2 per unit.
A company seeks to employ a new public relations manager. The hiring committee surveys 13 public relations managers and finds the average salary is $95082.787 with standard deviation of $1857.716. What is the 90% confidence interval for the true average public relations manager salary?
Answer:
[tex]95082.787-1.782\frac{1857.716}{\sqrt{13}}=94164.485[/tex]
[tex]95082.787+1.782\frac{1857.716}{\sqrt{13}}=96001.089[/tex]
So on this case the 90% confidence interval would be given by (94164.485;96001.089)
Explanation:
Previous concepts
A confidence interval is "a range of values that’s likely to include a population value with a certain degree of confidence. It is often expressed a % whereby a population means lies between an upper and lower interval".
The margin of error is the range of values below and above the sample statistic in a confidence interval.
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
[tex]\bar X=95082.787[/tex] represent the sample mean
[tex]\mu[/tex] population mean (variable of interest)
s=1857.716 represent the sample standard deviation
n=13 represent the sample size
The confidence interval for the mean is given by the following formula:
[tex]\bar X \pm t_{\alpha/2}\frac{s}{\sqrt{n}}[/tex] (1)
In order to calculate the critical value [tex]t_{\alpha/2}[/tex] we need to find first the degrees of freedom, given by:
[tex]df=n-1=13-1=12[/tex]
Since the Confidence is 0.90 or 90%, the value of [tex]\alpha=0.1[/tex] and [tex]\alpha/2 =0.05[/tex], and we can use excel, a calculator or a table to find the critical value. The excel command would be: "=-T.INV(0.05,12)".And we see that [tex]t_{\alpha/2}=1.782[/tex]
Now we have everything in order to replace into formula (1):
[tex]95082.787-1.782\frac{1857.716}{\sqrt{13}}=94164.485[/tex]
[tex]95082.787+1.782\frac{1857.716}{\sqrt{13}}=96001.089[/tex]
So on this case the 90% confidence interval would be given by (94164.485;96001.089)
3. Bob, a minor, contracted with Pioneer Temporary Staffing Agency, LLC, an employment agency, for the agency to find a job for him. The agency’s fee under the contract was $200. Bob started working for Big Job Opportunity, Inc as an interoffice mail carrier, a job that was referred through the contracting employment agency. Bob decided to quit his job position 3 months after he started his employment and while still a minor disaffirmed the contract with the employment agency. The agency sued Bob for the job placement fee. Can Bob disaffirm his contract with the employment agency? Please briefly explain each party’s position.
The agency's position is that Bob had already signed a contract, and that the contract included a placement fee due to the fact that Bob was able to find this job through the agency. On the other hand, the position that Bob would most likely argue is that he is a minor. As a minor, Bob is allowed to disaffirm his contract. Therefore, Bob is likely to win in this dispute.
Bob can disaffirm the contract with the employment agency as he was the minor, and according to the law, each contract made with or by a minor is void-ab-initio.
What is the position of minor's contract?According to the Indian contract act, it is clearly defined that the every contract made with a minor or by a minor is void from the very beginning.
If any contract made by or with a minor, it cannot be enforceable by law if the another party file a suit against a minor.
In the above case, since Bob is the minor, hence the contract made by Bob with the with Pioneer Temporary Staffing Agency, LLC, an employment agency to find a job is void.
There is no matter whether the bob used the service of the agency, or not, it cannot be enforceable by law, by the agency against the minor.
This means that if Bob not wants to return the fees amount if $200 to the agency, then the agency cannot enforce against the bob.
Hence, the case is in favor of the bob if he disaffirm to pay the fees.
Learn more about the minor, refer to:
https://brainly.com/question/10678875
Let's say a production manager that makes custom jet airplanes expects to make and sell two airplanes during 2016. Each airplane sells for $10 million and costs $6 million to make, which consists of $5 million of fixed costs and $1 million of variable costs. If the manager beats his budget, he will get a $300,000 bonus. During 2016 the company only managed to make and sell one airplane, and the actual manufacturing costs incurred included $5 million of fixed costs and $1.2 million of variable costs.
a. Did the manager earn his bonus if the static budget was used? Explain your answer or show your calculations.
b. Did the manager earn his bonus if a flexible budget was used? Explain your answer or show your calculations.
Answer:
(1) No
(2) No
Explanation:
1. No, according to the static budget manager will receive a commission when he sale 2 airplanes, but he sold only 1 airplane during the year 2016.
Total Estimated Revenue = 2 × $10,000,000 = $20,000,000
Total Estimated Cost = 2 × ($5,000,000 + $1,000,000) = $12,000,000
Total Estimated Profit = Total Estimated Revenue - Total Estimated Cost
= $20,000,000 - $12,000,000 = $8,000,000
Actual Revenue = $10,000,000
Actual cost = $5,000,000 + $1,200,000 = $6,200,000
Actual profit = Actual Revenue - Actual cost
= $10,000,000 - $6,200,000 = $3,800,000
2. Manager will not get bonus because Firm does not meet his Target of $8,000,000.
flexible budget only use to measure Individual cost not efficiency of manager.
When a product’s components are made in the country that can produce them at a high level of productivity and assemble them in another country where productivity in assembly is high, it resembles the theory of ________.
Answer:comparative advantage
Explanation:Comparative advantage is when a country produces a good or service for a lower opportunity cost than other countries. Opportunity cost measures a trade-off. A nation with a comparative advantage makes the trade-off worth it. The benefits of buying its good or service outweigh the disadvantages. The country may not be the best at producing something. But the good or service has a low opportunity cost for other countries to import.
Here I Sit Sofas has 7,400 shares of common stock outstanding at a price of $97 per share. There are 720 bonds that mature in 33 years with a coupon rate of 7.1 percent paid semiannually. The bonds have a par value of $2,000 each and sell at 110 percent of par. The company also has 6,300 shares of preferred stock outstanding at a price of $50 per share. What is the capital structure weight of the debt?
Answer:
The capital structure weight of debt is 60.53% as shown below
Explanation:
In order to determine the weight of the debt financing in the company's structure, it is important to determine the market value of the common stock ,preferred stock and the debt financing,afterwards each market value can then be measured as a fraction of total market values of all the three financing arrangements in order to determine the weighting of each.
Financing Volume Mkt price mkt value Weighting
Common stock 7400 $97 717800
Debt 720 $2000*1.1 1584000 60.53
Preferred stock 6300 $50 315000
Total 2616800
The weighting for debt is 1584000/2616800= 60.53
The capital structure weight of the debt is 60.46%.
Explanation:The capital structure weight of the debt can be calculated by dividing the market value of the debt by the total market value of the firm. In this case, the market value of the debt can be calculated by multiplying the number of bonds by the price at which they are sold. The market value of the bonds is: 720 bonds * $2,000 * 110% = $1,584,000. The market value of the firm can be calculated by adding the market value of the common stock, preferred stock, and the debt.
It is given that the firm has 7,400 shares of common stock outstanding at $97 per share and 6,300 shares of preferred stock outstanding at $50 per share, so the market value of the common stock is: 7,400 shares * $97 = $718,800 and the market value of the preferred stock is: 6,300 shares * $50 = $315,000. Therefore, the market value of the firm is: $718,800 + $315,000 + $1,584,000 = $2,617,800. Finally, the capital structure weight of the debt can be calculated as: ($1,584,000 / $2,617,800) * 100% = 60.46%.
Learn more about Capital structure weight of the debt here:https://brainly.com/question/30894570
#SPJ11
Zero-coupon bonds: Offer a return in the form of a deep discount off the face value. Are reported as shareholders' equity by the issuer. Result in zero interest revenue for the investor. Result in zero interest expense for the issuer.
Answer:
Offer a return in form the form of a deep discount off the face value
Explanation:
The term deep discount bonds in financial accounting refers to indentures that are sold at a price reasonably lower than face value, normally 20% or more than that. Deep discount bonds also has a zero coupon bonds, which do not pay a rate of interest to the holder of the bond. They are usually issued for a period of five(5) years on more than that.
Lewelling Company issued 100,000 shares of its $1 par common stock to the Michael Morgan law firm as compensation for 4,000 hours of legal services performed. Morgan’s usual rate is $240 per hour. By what amount should Lewelling’s paid-in capital—excess of par increase as a result of this transaction?
Answer:
The excess of par increase as a result of this transaction of $860000
Explanation:
The excess of Lewelling's paid-in capital over par value can be computed by first of all ascertaining the fees charged by the law firm, which is then compared with the value of shares given in lieu.
Excess of paid-in capital=law firm fees-par value of firm
Law firm fees=4000*$240
=$960000
The par value of shares=100000*$1
=$100000
Excess of paid-in capital=$960000-$100000
=$860000
The journal entry to record the transaction is shown below:
Dr Professional fees $960000
Cr Treasury stock $100000
Cr Additional paid-in capital $860000
Under IFRS, the credit would $100000 share capital and $860000 in share premium account
The excess of par increase as a result of this transaction of $860000.
Calculation of the excess amount:Since
we know that
Excess of paid-in capital = law firm fees - par value of firm
Here,
Law firm fees = 4000*$240
=$960000
And,
The par value of shares = 100000 * $1
= $100000
So,
Excess of paid-in capital = $960000 - $100000
= $860000
hence, The excess of par increase as a result of this transaction of $860000.
Learn more about par value here: https://brainly.com/question/24365413
The "On the Road" bicycle manufacturing company sold 500 bicycles last year. Their fixed costs were $10 per unit, and their variable costs were $15 per unit. If each bike sells for $100, most likely the company had a
A. total profit of $37,000.
B. total profit of $50,000.
C. total loss of $37,000.
D. total loss of $50,000.
E. the company broke even.
Answer:
(A) A total profit of $37,000
Explanation:
Number of bicycles sold last year = 500
Assuming the company only manufactured 500 bicycles last year.
Fixed cost per unit = $10
Variable cost per unit = $15
Total cost per unit = fixed cost + variable cost = $10 + $15 = $25
Total cost for 500 units of bicycles manufactured = 500 × $25 = $12,500
Selling price per bike = $100
Total revenue for 500 bikes sold = 500 × $100 = $50,000
The company made a profit because the total revenue generated is greater than the total cost incurred.
Total profit = total revenue - total cost = $50,000 - $12,500 = $37,500
The company most likely had a profit of $37,000
As a director it's my responsibility to make my organization in state of compliance at each and every audit of country. Here in one of my center we are keeping records and all document in consistent and manageable manner but other facility we are acquiring is not too much correct in documentations.STEPS TO BE TAKEN:" Quarterly assessment of patient health record and the need of factors should to be taken." Quality of care should be evaluated properly." Health care quality can be improved by supportive leadership, proper planning, education and training, availability of resources, effective management of resources, employees and processes and collaboration and cooperation among providers." Meetings should be conducted between health care providers, managers, policy makers, and payers to identify factors affecting the quality of health care services." A conceptual framework is developed between the state policy makers, and a practical understanding of factors that affect health care service quality." Depending on the state laws, health care providers are required to report possible criminal activities such as child abuse as well as communicable diseases.
Answer and Explanation:
As a director it's my responsibility to make my organisation in state of compliance at each and every audit of country. Here in one of my center we are keeping records and all document in consistent and manageable manner but other facility we are acquiring is not too much correct in documentations.
Lack point
1. Online documentation is not mentioned as laws
2. Laws are not so strick to make all document in audit trail
3. All the document they are producing is not viewed by the auditor hence system become so loose.
4. As per timeline these laws are not revise due to which soohisticated system is not generated
5. All laws in such away that it can be easily breakup by the authority
6. Due to which one institute is within the set of compliance but other one is not.
7. Traceability is not there which create question on authority.
My steps
1. Training to individual about importance of documentation
2. Meeting with all experts
3. Periodic training to everyone
4. Implementation of audit trail software
5. Privileged group generation
6. Failure identification and analysis
7. Blockage on sharing of documentation without authority
A bank has a reserve requirement of 0.08. If it has demand deposits of $200,000 and is holding $4,000 in reserves: a. the bank is holding $2,000 in excess reserves. b. the bank could extend additional loans and still meet its reserve requirement. c. all the bank's reserves are excess reserves. d. the bank is not meeting its reserve requirement.
Answer:
Option (d) is correct.
Explanation:
Given that,
Reserve requirement = 0.08
Demand deposits = $200,000
Holding in reserves = $4,000
Reserve required:
= Reserve Requirement ratio × Amount of demand deposits
= 0.08 × $200,000
= $16,000
Therefore, the reserves in holding is less than the required reserves. Hence, the bank is not meeting its reserve requirement.
Erie company has 500 units of capacity for their traditional product, Emu, and buys one point of automation. If Erie company’s current labor cost per unit of Emu is $10, and Erie sells 1,000 units per year of Emu, what is the payback period for this investment?
Answer: 2 years
Explanation:
The payback period is the amount of time that is needed for the required cash inflow of a project to offset the initial cash outflow that the business offsets. The payback period is when the initial outlay of an investment is recovered. There are two different methods used to calculate payback period. We have the average method and the subtraction method.
In the above question, the payback period is solved as follows:
Labour cost decreases by 10% for each unit.
Therefore,
= $10 × 10%
= $10 × 0.1
= $1 per unit.
In order to recover $2000, the business needs to sell the following;
= 2000/1
= 2000units.
If Eric sells 1000 units per year of Emu, it will take:
2000/1000= 2years
In conclusion, the payback period of the investment is 2 years.
Luthan Company uses a plantwide predetermined overhead rate of $22.70 per direct labor-hour. This predetermined rate was based on a cost formula that estimated $272,400 of total manufacturing overhead cost for an estimated activity level of 12,000 direct labor-hours.
The company incurred actual total manufacturing overhead costs of $______ and ______ total direct labor-hours during the period.
Answer:
Instructions are listed below.
Explanation:
We weren't provided with enough information to answer the requirements. Surfing through the internet I found the correct information.
Giving the following information:
Luthan Company uses a plantwide predetermined overhead rate of $22.70 per direct labor-hour.
The company incurred actual total manufacturing overhead costs of $269,000 and 10,800 total direct labor-hours during the period.
We need to allocate overhead using the predetermined overhead rate and the actual direct labor hours incurred.
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 22.7*10,800= $245,160
Bonus:
Determine the under/over allocation:
Over/under allocation= real MOH - allocated MOH
Over/under allocation= 269,000 - 245,160= $23,840 underallocated
Suppose that GDP is $50 million in 2015 but falls to $48 million in 2016, and that no changes in personal consumption expenditures, gross private domestic investment, and government spending are recorded. What must have happened to net exports to cause this change
Solution and Explanation:
GDP is calculated as follows:
Y = C + G + I + NX
where
C = Consumption
G = Government Expenditure
I = Investment
NX = Net Exports
It is mentioned that in 2015, GDP was 50 million and in 2016, it was 48 million without any change in the factors except NX. It means the net exports that is the difference between export and the import of the country has changed and it has fallen by 2 million.
The decline in GDP from $50 million to $48 million without changes in personal consumption, domestic investment, and government spending indicates a decrease in net exports. This could be due to reduced exports or increased imports.
Explanation:The Gross Domestic Product (GDP) is calculated as the sum of personal consumption expenditures, gross private domestic investment, government spending, and net exports(exports minus imports). Given that GDP fell from $50 million in 2015 to $48 million in 2016, with no changes in personal consumption expenditures, gross private domestic investment, and government spending, we can infer that the change must have been in the net exports. The net exports must have decreased, either due to a decrease in exports or an increase in imports, resulting in the GDP decline.
Learn more about Net Exports here:https://brainly.com/question/33095252
#SPJ3
________ suggests that attributes such as age or the date of joining should help us predict turnover. Population dynamics Employee mobility Residential mobility Organizational demography Demographic environment
Answer:
The correct answer is letter "D": Organizational demography.
Explanation:
Organizational demography analyzes employees' features such as age, gender, race, or academic background in the frame of work to find out the capability they have to perform their duties efficiently, thus, increasing the productivity and profits of the company in the long-run. Firms are likely to hire new employees with similar demographic characteristics of those with higher turnover.
Jimbo invested $9,250 in an account that pays 6 percent simple interest (annually). How much more could he have earned over a 7-year period if the interest had compounded semi-annually
Answer:
The difference is that the interest in Option 2 gets capitalized faster.
Explanation:
Giving the following information:
Option 1:
$9,250 in an account that pays 6 percent simple interest (annually).
Option 2:
$9,250 n an account that pays 6 percent semiannually.
Number of years= 7 years
We need to use the following formula:
FV= PV*(1+i)^n
Option 1:
FV= 9,250*(1.06^7)= $13,908.58
Option 2:
FV= 9,250*(1.03^14)= $13,991.45
n= 2*7= 14
i= 0.06/2= 0.03
The difference is that the interest in Option 2 gets capitalized faster.
Answer:
860.25
Explanation:
Solution
Simple interest= 9250+(9250*0.06*7)=13,135
Semi Annual Compound interest=A(1+r)^nt)/n
9250(1+0.06)^7*2)/2
=9250(1+0.03)^14
=9250(1.03)^14
=9250(1.513)=13,995.25
Take the difference between between simple and compound interest
13,995.25-13,135=860.25
Common shareholders have a claim on the company's assets:
A) at any time, equal to the value of their shares.
B) only after the claims of debtholders and preferred shareholders have been satisfied.
C) after the claims of the preferred shareholders have been satisfied, but before the debt holders.
D) never. Common shareholders have no claim on the company's assets.
Answer:
The correct option is B,common shareholders have a claim on the company's assets only after the claims of debt-holders and preferred shareholders have been satisfied.
Explanation:
The debt-holders have priority over preferred shareholders and common shareholders in laying claims to the assets of the company.This accounts for the reason why payment of interest on their loans is accorded highest priority.
The preferred shareholders have priority on company assets over the common shareholders in the event of company going bankrupt.
The common shareholders are at the bottom-line in terms of claims t assets upon liquidation,however they share in excess gains from liquidation as they are the original owners of the company entitled to higher risks and rewards.
The ledger of Nash Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared. Debit Credit Prepaid Insurance $3,492 Supplies 2,593 Equipment 25,040 Accumulated Depreciation-Equipment $7,743 Notes Payable 20,290 Unearned Rent Revenue 4,080 Rent Revenue 61,870 Interest Expense –0– Salaries and Wages Expense 15,040An analysis of the accounts shows the following. 1. The equipment depreciates $616 per month. 2. Half of the unearned rent revenue was earned during the quarter. 3. Interest of $880 is accrued on the notes payable. 4. Supplies on hand total $1,870. 5. Insurance expires at the rate of $880 per month.Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. Additional accounts are Depreciation Expense, Insurance Expense, Interest Payable, and Supplies Expenses.
The question revolves around adjusting entries in accounting. The answers involve calculating depreciation, recognizing earned and unearned revenue, calculating accrued interest, and recognizing used up resources. The calculation results are then entered in the ledger as adjusting entries.
Explanation:The adjusting entries to be made in the ledger of Nash Rental Agency on March 31st of the current year are as follows:
Depreciation of equipment ($616) is recorded as follows:
https://brainly.com/question/33068790
#SPJ3
Harwell Company manufactures automobile tires. On July 15, 2021, the company sold 1,400 tires to the Nixon Car Company for $55 each. The terms of the sale were 2/15, n/30. Harwell uses the gross method of accounting for cash discounts. Required: 1. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and collection on July 23, 2021. 2. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and collection on August 15, 2021.
Answer:
Dr Accounts receivable $77,000
Cr Sales $77,000
Payment within discount period:
Dr Cash $75,460
Dr Discount allowed $1540
Cr Accounts receivable $77,000
When payment is not made within discount period, the necessary entries would be:
Dr Accounts receivable $77,000
Cr Sales $77,000
Payment within discount period:
Dr Cash $77,000
Cr Accounts receivable $77,000
Explanation:
Upon sales on July 15 ,2021 the total sales value of $77,000 ($55*1400) is credited sales account and debited to account receivables.
Collection of cash on July 23 ,2021 implies that the payment was collected within the discount period,hence the amount received is selling price less 2% discount, and as a result cash collected is $75460 ($77000*98%)
When payment is made on August 15, no discount is given has discount period has lapsed.
A depreciable asset has an estimated 15 percent salvage value. At the end of its estimated useful life, the accumulated depreciation would equal the original cost of the asset under which of the following depreciation methods? Productive- Sum-of-the- Double- Output Years'-Digits Declining-Balance Select one:
a. Yes No No
b. No No No
c. No Yes No
d. Yes Yes Yes
Answer:
B
Explanation:
Depreciation is the uniform decrease in the value of an asset over a period until the salvage value is reached.
It is given by :
Annual depreciation expense = (cost of asset - salvage)÷ useful life of the asset
Therefore the accumulated depreciation would not equal the original cost of the asset at the end of its estimated useful life because the salvage value will be deducted from cost of asset under declining-Balance.
The Productive Declining-Balance method would result in accumulated depreciation equaling the original cost of the asset at the end of its useful life.
Explanation:The depreciation method that would result in the accumulated depreciation equaling the original cost of the asset at the end of its estimated useful life with a 15 percent salvage value is Productive Declining-Balance method.
In the Productive Declining-Balance method, the depreciation expense is calculated as a percentage of the asset's net book value. The net book value is calculated by subtracting the accumulated depreciation from the original cost. This method allows for a higher depreciation expense in the earlier years of the asset's life, which gradually decreases over time.
With a salvage value of 15 percent, the accumulated depreciation would equal the original cost of the asset at the end of its useful life because the depreciation expense would be higher in the early years, gradually decreasing over time, until it reaches the salvage value.
Charlotte Newsom worked as a cashier at a store. One day she was told to report to the manager's office, where she was accused by two security staff members of stealing $500. She denied stealing the money. The meeting lasted two hours. The security staff asserted to have evidence of theft, although Newsom constantly denied the claim. Whenever Newsom said she wanted to leave, the staff told her she would be arrested for theft if she left. Finally, Newsom wrote a statement denying the charge. She was fired on the spot and left the store. Did she have a case for false imprisonment
Answer:No, because the staff members only threatened to arrest her if she left, and that she was free to leave at any time.
Explanation: False imprisonment is an intentional tort, defined under tort law as an act of restraining someone in a bounded area without any authority.
Bounded Area
- It can be a physical barrier such as locking someone where they can't get out,it involves using physical force to keep that person in that area. The bounded are is characterized by limited room for movement in any direction. If one can easily find means to escape from that area , without getting hurt this means the area is not bound but if there is a chance of getting physically harmed when one tries to escape then the area is bounded. Charlotte was in manager's office ,which has no limited movement.
A threat to harm this person or their family would also be counted as a bounded area.
A mere threat to imprison doesn't count as false imprisonment like in Charlotte was only threatened that if she leaves she will be arrested but we don't sense any sign that she will be injured if she left . The court always consider if the person had any fear that they will be injured if they left the place.
Tobin Supplies Company expects sales next year to be $500,000. Inventory and accounts receivable will increase $90,000 to accommodate this sales level. The company has a steady profit margin of 12 percent with a 40 percent dividend payout. How much external financing will Tobin Supplies Company have to seek? Assume there is no increase in liabilities other than that which will occur with the external financing.
Answer:
$54,000
Explanation:
Given:
Sales = $500,000
Increase in Inventory = $90,000
Profit margin = 12% = 0.12
Dividend payout = 40% = 0.40
Computation:
Net income = Sales × Profit margin = $500,000 × 0.12 = $60,000
Dividend = Net income × Dividend payout = $60,000 × 0.40 = $24,000
Increase in retained earnings = Net income - Dividend = $60,000 - $24,000 = $36,000
External Fund = Increase in Inventory - Increase in retained earnings
= $90,000 - $36,000
= $54,000
How much external financing will Tobin Supplies Company have to seek is $54,000.
First step is to calculate net income
Net Income = $500,000 x 12%
Net income=$60,000
Second step is to calculate Dividend Pay-out
Dividend Pay-out =$60,000 x 40%
Dividend Pay-out =$24,000
Third step is to calculate Additions to Retained Earnings
Additions to Retained Earnings =$60,000 - $24,000
Additions to Retained Earnings =$36,000
Fourth step is to calculate External Funds Needed
External Funds Needed = Increase in Assets – Additions to retained earnings
External Funds Needed = $90,000 - $36,000
External Funds Needed = $54,000
Inconclusion how much external financing will Tobin Supplies Company have to seek is $54,000.
Learn more here:
https://brainly.com/question/24108127
What strategic plans could be adopted by the college or university at which you are taking this management course to compete for students in the marketplace? Would these plans depend on the school's goals?
Answer:
A few strategic plans that ought to be adopted in a bid to compete for students in the market place includes;
PLANNING PROCESS
1. Developing goals, objectives, and action steps, and
2. Following up on implementation, tracking progress, and revising the plan. During the initial planning process, conducting comprehensive institutional research is crucial to determine appropriate goals and objectives.
3. Coordinating with stakeholders in the planning process which can help build broad support among diverse constituents. In particular, the planning committee benefits from members that represent a variety of institutional roles, demographic groups, and campus units. In addition to building buy‐in, a diverse committee helps to anticipate the future cross‐unit coordination necessary to carry out goals and objectives.
4. Creating planning committees to include an average of 25 members from the institution. While the average is higher than the recommended 10‐12 members, it allows for broad participation. The committees often consist of senior administrators, faculty, staff, one or two students, an alumni representative, and a representative of the institution’s foundation. Participating staff and administrators represent units such as academics, student affairs, facilities, operations, enrollment management, information technology, institutional research, alumni relations, athletics, and budgeting.
5. A short plan cycle may also mitigate the tendency to front‐load or back‐load goals during the planning process. These pitfalls can lead to unrealistic timelines and/or a loss of momentum.
6. Aligning the budget with the strategic plan helps increase the plan’s impact. For instance, redesigning an institution’s budget request form to include strategic importance can ensure that key initiatives are implemented.
IMPLEMENTATION AND MONITORING
The plan should answer the question “How will we know if we reach this goal, and how will we prove it?” A comprehensive implementation plan describes, for each objective, action steps, anticipated outcomes, criteria of success, a timeline, benchmark indicator(s), assessment method, necessary resources, and the person or office accountable. Linking strategic accomplishments to administrators’ performance evaluations may also help to incentivize implementation.
Reporting annually on the institution’s progress can sustain momentum after the plan has been approved. Including a mix of short‐, middle‐, and long‐term objectives in the plan also improves motivation by creating opportunities for measured success early on.
Additional assessment methods may involve reviewing policies and procedures, or analyzing the results of surveys and focus groups. In these cases, the indicators may be revised internal documents or improved survey ratings.
WOULD THESE PLANS DEPEND ON THE SCHOOLS GOALS
The above-mentioned plans would be directly related to the schools goals which includes; ensuring students’ academic success, diversifying financial resources, improving infrastructure and operations, promoting community engagement, and developing institutional branding emerged as common strategic goals among the five profiled institutions. Related initiatives include increasing enrollment and retention, improving alumni engagement, building sustainable facilities, establishing relationships with community organizations, and creating a marketing strategy.
Answer:
A relationship cannot stay stagnant; either the relationship grows or the relationship deteriorates. Colleges must always be looking into the future, exploring different tactics to attract new and more students. Prestigious colleges and universities such as Yale, Harvard, and Princeton do not worry very much about attracting students because they are so selective. However, for the vast majority of colleges and universities, competing for students in the marketplace is of large concern. Students can get a great education at any college they attend, what Northwestern needs to do to compete for students is emphasize what makes them so different from other colleges. Highlighting Northwestern’s Christ-centered atmosphere, emphasizing the small student-to-teacher ratio, and showing off the beauty of the campus are some of the tactics currently in use. However, Northwestern needs to look at some of the tactics other educational institutions are currently employing and implement them into their own plan. Take for example Temple University of Japan, they are developing English summer programs for high schools both domestically and overseas, reaching out to transfer students in the US and Japan, targeting US military base schools, creating more affiliation agreements with high schools, utilizing online marketing tools including search engines and SNS.
Explanation:
Blain Company has $10,000 of accounts receivable that are current, $5,000 that are between 0 and 30 days past due, $3,000 that are between 30 and 60 days past due, and $800 that are more than 60 days past due. Bain estimates that 2% of the receivables that are current will be uncollectible, 5% of those between 0 and 30 days past due will be uncollectible, 10% of those between 30 and 60 days past due will be uncollectible, and 50% of those more than 60 days past due will be uncollectible. Just prior to recognizing uncollectible accounts expense, Blain's allowance for doubtful accounts account has a $100 positive balance. Assuming Blain uses the aging method to estimate uncollectible accounts expense, the amount of uncollectible expense will be ________
a. $1,300.
b. $1150
c. $900.
d. $1050.
Answer:
d. $1050.
Explanation:
We multiply each account balance by the expected uncollectible amount and then addd them to get the expected total for doutful accounts
[tex]\left[\begin{array}{cccc}Date&Amount&Expected&uncollectible\\$not due&10000&0.02&200\\$up to 30&5000&0.05&250\\$up to 60&3000&0.1&300\\$more than 61&800&0.5&400\\&&Total&1150\\\end{array}\right][/tex]
Balance of the allowance account: 100
The expense will be the adjustment made on the allowance to get the expected balance of 1,150
1,150 - 100 = 1,050
we increase the allowance bu 1,050 to get our expected uncollectible fro maccounts receivable agaisnt the bad debt expense ofthe period.
Ross has decided that he wants to build enough retirement wealth that, if invested at 7 percent per year, will provide him with $3,000 of monthly income for 30 years. To date, he has saved nothing, but he still has 20 years until he retires. How much money does he need to contribute per month to reach his goal
To determine how much Ross needs to contribute per month for his retirement, we first calculate the future value of the $3,000 monthly payments over 30 years at his projected annual return rate. Then, using this future value, we calculate how much Ross needs to save every month for the next 20 years at the same projected return rate.
Explanation:The subject of this question is financial mathematics, and it relates to the field of retirement planning. The concept being asked about is called future value of an annuity, which represents the total value of a series of payments (an annuity) at a certain point in the future, given a specific rate of return.
First, we need to calculate the future value (FV) of the $3,000 monthly payments over 30 years at an annual rate of 7% divided by 12 months. Use the formula for the future value of an annuity, FV = P * [ ( (1 + r)^nt - 1 ) / r ], where P is the monthly payment ($3,000), r is the monthly interest rate (0.07/12), n is the number of times interest is compounded per time period (1), and t is the time the money is invested for (30 years).Following that, we need to calculate how much Ross needs to save every month over the next 20 years to achieve the future value we found in step 1. This is done using the formula for the future value of an annuity but solving for P. We know the future value from step 1, r (0.07/12) is our monthly interest rate, n is 1 and t now is 20 years.Learn more about Retirement Planning here:https://brainly.com/question/32503348
#SPJ3