Answer:
The correct answer is letter "A": multidomestic strategy.
Explanation:
A multidomestic strategy is developed by a country with an international presence when the commercial and marketing focus is based on domestic trends. Under this approach, the firm's goods are shaped differently in every region to meet local needs and cultures. This practice demands more investment in professionals with vast knowledge in each market.
Final answer:
The correct answer is (a) multidomestic strategy. This strategy is used by companies that allow their subsidiaries or franchises to operate with a high degree of local autonomy, adapting their operations to the specific needs of each market they serve.
Explanation:
The strategy that uses subsidiaries, franchises, or joint ventures with substantial independence is known as a multidomestic strategy. This approach allows individual subsidiaries in different countries to operate independently, tailoring their operations, products, and services to fit local market conditions. This contrasts with global strategies where standardization across all markets is the norm, or international strategies which involve exporting products for global markets, but without significant local customization.
Franchises like McDonald's, which offers similar products or services in many locations, have also adopted aspects of the multidomestic strategy by allowing for some degree of local adaptation to cater to the tastes and preferences of different cultures. The multidomestic strategy allows multinational corporations (MNCs) to take full advantage of economies of scale and to benefit from competition, while specializing in certain services or industries and achieving comparative advantages.
a. At the end of January, the company estimates that the remaining units of inventory are expected to sell in February for only $100 each. b. At the end of January, $5,300 of accounts receivable are past due, and the company estimates that 35% of these accounts will not be collected. Of the remaining accounts receivable, the company estimates that 3% will not be collected. c. Accrued interest expense on notes payable for January. Interest is expected to be paid each December 31. d. Accrued income taxes at the end of January are $13,600. 3. Prepare an adjusted trial balance as of January 31, 2021.
Answer:
Trial Balance : Debit 15558 = 15558 Credit
Explanation:
b.) Noncollectable amount = $5300 * 35% = 1855
Entry: Dr bad debts expense 1855
Cr Allowance for bad debts 1855
(To record bad debts expense).
5300-1855= 3445 * 3% = $103 will not be collected.
Entry: Dr Bad debts expense 103
Cr Allowance for bad debts 103
( To record bad debts expense)
d.) Entry:
Dr Income tax expense 13600
Cr Income tax payable 13600
(To record accrued income tax expense).
Ledgers :
Bad debt expense = 1855+103 = 1958
Allowance for bad debts = 1855+103 = 1958
Income tax expense = 13600
income tax payable = 13600.
Trial balance:
_Dr__________________________________________________Cr____
Bad debt expense 1958 ----- 1958 Allowance for bad debts
Income tax expense 13600 ----- 13600 Allowance for bad debts
Total = 15558 ------- Total = 15558
Martinez Manufacturing incurred $ 4 comma 000 for indirect labor in Department III. The journal entry to record indirect labor utilized, but not paid is ________. Process costing is used.
Answer:
debit Manufacturing Overhead, $4,000; credit Wages Payable
Explanation:
Remember that indirect labor expenses are added to the Factory Overhead account, therefore Martinez Manufacturing journal entry to record is to debit Manufacturing Overhead $4,000 and then credit Wages Payable since the expenses was not paid.
It is important to note that in any case a manufacturing company is to list the direct labor expense separately from its indirect labor and wages paid to other employees.
Martinez Manufacturing incurred $4,000 for indirect labor in Department III. The journal entry to record indirect labor utilized, but not paid is Debit Manufacturing Overhead; Credit Indirect Labor Payable. Process costing is used. So, the correct answer is c.
Here's an explanation:
Indirect labor refers to labor costs that cannot be traced directly to a specific product but are necessary for the production process.When indirect labor costs are incurred but not paid, they are recorded in the Manufacturing Overhead account.This overhead is considered a liability until paid, hence recorded as Indirect Labor Payable.This ensures proper tracking of expenses and liabilities in manufacturing accounting systems.Complete Question:
Martinez Manufacturing incurred $4,000 for indirect labor in Department III. The journal entry to record indirect labor utilized, but not paid is ________. Process costing is used.
a) Debit Work in Process Inventory; Credit Indirect Labor Payable
b) Debit Indirect Labor Payable; Credit Work in Process Inventory
c) Debit Manufacturing Overhead; Credit Indirect Labor Payable
d) Debit Indirect Labor Payable; Credit Manufacturing Overhead
You are considering moving your money to new bank offering a one-year CD that pays an 5 %5% APR with monthly compounding. Your current bank's manager offers to match the rate you have been offered. The account at your current bank would pay interest every six months. How much interest will you need to earn every six months to match the CD?
To match the interest rate of the new bank's CD with monthly compounding, we need to calculate the interest earned every six months at the current bank.
Explanation:To match the interest rate of the new bank offering a one-year CD with monthly compounding, we need to calculate the interest earned every six months. Let's assume the principal amount is $1000. To find the interest earned every six months at the current bank, we can use the formula for compound interest: A = P(1 + r/n)^(nt), where A is the future value, P is the principal, r is the annual interest rate, n is the compounding frequency per year, and t is the number of years.
Since interest is paid every six months, n would be 2. Plugging in the values, we have: A = 1000(1 + r/2)^(2*(1/2)), where r is in decimal form. We can solve for the interest earned every six months and compare it to the interest earned from the CD to see if they match.
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A marketing manager is attempting to decide whether a new product launch decision should be postponed until some additional marketing research can be conducted. Which question should this manager ask himself or herself?
Answer:
The correct answer is letter "C": Will the payoff from the research be worth the dollar expenditures for research?
Explanation:
Postponing the launch of a product implies losing sales opportunities. If the reason why the launch will be postponed is additional marketing research -whether necessary or not, the research itself implies expenditures. Thus, if choosing the research instead of the launch, the results of the study must bring good enough profits for the company after the launch to offset the delayed expenses of the additional study.
Peter owns 100 shares of a company. He receives a fixed rate of dividend from these shares. Which type of share has Peter purchased?
A.
equity shares
B.
preference shares
C.
ordinary shares
D.
priority shares
E.
investment security
Peter owns preference shares, which provide dividends at a fixed rate. In general, a shareholder can garner returns on stocks in two ways: dividends and capital gains.
Explanation:Peter has purchased
B. preference shares
. Preference shares, often used by corporations, offer dividends that are paid prior to common stock dividends and are fixed, which means they do not fluctuate with the company's fortunes. Shareholders, like Peter, who own these shares receive dividends at a fixed rate. Similar to owning any stock of a firm, as a shareholder, Peter possesses a partial ownership claim on the company, subject to the number of shares he owns.
It's crucial to understand the two ways a shareholder might receive rate of return on stocks: dividends and capital gains. A dividend represents a direct payment from the firm to its shareholders. A capital gain, meanwhile, is the increase in the stock value between when one buys and sells it.
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The following information relates to Bramble Corp. for the year 2022.
Retained earnings, January 1, 2022 $47,040
Advertising expense $1,760
Dividends during 2022 4,900
Rent expense 10,190
Service revenue 61,250
Utilities expense 3,040
Salaries and wages expense 27,440
Other comprehensive income (net of tax) 390
Compute the net income.
Answer:
$18,810
Explanation:
The computation of the net income is shown below:
Net income = Service revenue - advertising expenses - rent expenses - utilities expense - Salaries and wages expense
= $61,250 - $1,760 - $10,190 - $3,050 - $27,440
= $18,810
We simply deduct the all expenses incurred from the service revenue so that the net income could be come
Net Income for Bramble Corp. in 2022 is calculated by subtracting all the expenses from total revenue. The result is $18,820. Other comprehensive income is not included in this calculation.
Explanation:To compute the net income for Bramble Corp., we first subtract the company's total expenses from its total revenues in the year 2022. Here's the calculation: Start with Service Revenue: $61,250. From this, we subtract the expenses: Advertising Expense $1,760, Rent Expense $10,190, Utilities Expense $3,040, and Salaries and Wages Expense $27,440. This gives us:
$61,250 - $1,760 - $10,190 - $3,040 - $27,440 = $18,820.
This is the Net Income before Other Comprehensive Income (OCI). Other Comprehensive Income is $390 and it isn't included in the calculation of net income. However, it is reported separately in the equity section of the Balance Sheet. So the Net Income for Bramble Corp. in 2022 is $18,820.
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A closed-end fund starts the year with a net asset value of $20. By year-end, NAV equals $20.90. At the beginning of the year, the fund is selling at a 4% premium to NAV. By the end of the year, the fund is selling at a 9% discount to NAV. The fund paid year-end distributions of income and capital gains of $2.30.
What is the rate of return to an investor in the fund during the year?
Answer:
2.5%
Explanation:
Price at the beginning = NAV at the beginning × (1 + premium)
= 20 × 1.04 = 20.8
Price at the end = NAV at the end × (1 - premium)
= 20.90 × 0.91 = 19.019
NAV increase by $0.90 but price decrease by 1.781
Returns = (0.91 × 20.90 - 1.04 × 20 + 2.30) ÷ 1.04 × 20
= 0.519 ÷ 1.04 × 20
= 0.0249
= 2.49%
= 2.5%
OR
Returns = change in P + distribution / start of year P
= -1.781 + 2.30 / 1.04 × 20
= 0.519/20.8
= 0.0249
=2.49%
= 2.5%
Here is a simplified balance sheet for Locust Farming: Locust Farming Balance Sheet ($ in millions) Current assets $ 42,524 Current liabilities $ 29,755 Long-term assets 46,832 Long-term debt 27,752 Other liabilities 14,317 Equity 17,532 Total $ 89,356 Total $ 89,356 Locust has 657 million shares outstanding with a market price of $83 a share. a. Calculate the company’s market value added. (Enter your answers in millions.) b. Calculate the market-to-book ratio. (Round your answer to 2 decimal places.) c. How much value has the company created for its shareholders as a percent of the investment of the equity holders?
Answer:
The market value added is $36,999 million
The market-to-book ratio 311.04%
The valued created as percentage of investment in equity is 211.04%
Explanation:
The company's market value added is the difference between market value of a company and amount of finance contributed by the providers of funds, both equity and debt-holders
It is denoted with below formula:
MVA=V-K
where V is the market valuation and K the book value
Since the debt market value is the same as book value, it implies that it is the same on both sides,the MVA can be taken as the difference market value of equity and book value of equity
Market value of equity=657*$83=$54531
Book value of equity$17532
MVA=$54531-$17532=$36,999
Market to book ratio=54531/17532=311.04%
The company has created for its shareholders the excess of market value of equity over book value, which $36,999 ($54531-$17532)
The value created as percentage of the investment of shareholders is
36999/17532=211.04%
The market value added for Locust Farming is -$4,698 million, the market-to-book ratio is 0.92, and the value created for shareholders is -26.79% of the investment of the equity holders.
Explanation:To calculate the market value added for Locust Farming, we need to find the difference between the company's market value and its book value. The market value can be calculated by multiplying the number of shares outstanding by the market price per share. In this case, the market value is $54,381 million (657 million shares * $83/share). The book value can be calculated by subtracting the total liabilities from the total assets. In this case, the book value is $59,079 million ($42,524 million + $46,832 million - $29,755 million - $27,752 million - $14,317 million). The market value added is the difference between the market value and the book value, which is -$4,698 million ($54,381 million - $59,079 million).
The market-to-book ratio can be calculated by dividing the market value by the book value. In this case, the market-to-book ratio is 0.92 ($54,381 million / $59,079 million).
To calculate the value created for shareholders as a percentage of the investment of the equity holders, we need to find the return on equity. The return on equity can be calculated by dividing the net income by the equity. In this case, the net income is the market value added (-$4,698 million) and the equity is $17,532 million. The return on equity is -26.79% (-$4,698 million / $17,532 million) or -0.2679 as a decimal.
The income statement for the year 2018 of Fugazi Co. contains the following information: Revenues $70000 Expenses: Salaries and Wages Expense $45000 Rent Expense 12000 Advertising Expense 10000 Supplies Expense 6000 Utilities Expense 2500 Insurance Expense 2000 Total expenses 77500 Net income (loss) $ (7500) After the revenue and expense accounts have been closed, the balance in Income Summary will be Entry field with incorrect answer a credit balance of $7500. a credit balance of $70000. $0. a debit balance of $7500.
Answer:
Explanation:
incorrect answer
a credit balance of $7500
correct answer
a debit balance of $7500.
Answer:
a credit balance of $7500
Explanation:
The income summary is where the elements of the income statement are closed. Revenue account is closed by crediting the income summary and debiting revenue. For expenses, credit expense and debit income summary.
For net loss, credit net loss and debit income summary. Where a profit or income was made, credit income summary and debit net income.
Hence the incorrect entry here is credit balance of $7500.
The dangers of using slang in business writing include Group of answer choices obscuring meaning. using language that is too informal. using words that quickly go out of fashion. All answer choices are correct.
Answer:
The correct answer is letter "D": All answer choices are correct.
Explanation:
Slang should be avoided in business writing and any other formal writing. By using slang a writer shows a lack of professionalism. The message tends to be ambiguous with terms that could be appealing verbally but do not cover the same function written.
Business writing must be objective, straight-to-the-point, use unburied verbs, and avoid exuberance.
The dangers of using slang in business writing include the potential to obscure meaning, appear too informal, and use transient terms. Business writing demands formal, clear, and direct language, avoiding slang, unnecessary jargon, and misspellings to ensure professional and effective communication.
Explanation:The dangers of using slang in business writing include obscuring meaning, adopting language that is too informal, and employing terms that may quickly become outdated. It's important to use clear and direct words in business communications to maintain professionalism and clarity. Business writing should adhere to a formal style, avoiding contractions, colloquialisms, and slang, all of which can make the writing seem less professional and can be confusing to an international or diverse audience. Additionally, specific technical expressions that are used among experts in a field can be perplexing to non-experts and should be simplified when the target audience is broader.
It's crucial for business writers to frequently check their word choice to avoid misspellings that can change the intended meaning and to be cautious with word usage, making sure that terms are current and appropriate for the reader. While language is constantly evolving, and new technology-related terms frequently enter our lexicon, in a business context, it is essential to ensure that language remains accessible and professional to all readers.
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M. Sunland Corporation has 20,000 shares of 8%, $100 par value, cumulative preferred stock outstanding at December 31, 2020. No dividends were declared in 2018 or 2019. If M. Sunland wants to pay $500,000 of dividends in 2020, what amount of dividends will common stockholders receive
The common stockholders of M. Sunland Corporation will receive $340,000 in dividends.
Explanation:The preferred stockholders of M. Sunland Corporation will receive dividends before the common stockholders.
Cumulative preferred stockholders have the right to receive any missed dividends in the future, in addition to the current year's dividends.
In this case, the preferred stockholders will receive $160,000 ($100 par value * 0.08 dividend rate * 20,000 shares) in dividends for 2020.
The remaining amount of $340,000 ($500,000 - $160,000) will then be distributed to the common stockholders.
Barr Mfg. provided the following information from its accounting records for 2017: Expected production60,000 labor hours Actual production56,000 labor hours Budgeted overhead$900,000 Actual overhead$970,000 How much is the overhead application rate if Barr bases the rate on direct labor hours?A. $15.54 per hour
B. $15.00 per hour
C. $14.50 per hour
D. $16.07 per hour
Answer:A - $15.00 per hour
Explanation:from the information given above, we are making use of the expected production and budgeted overhead.
= $900,000/60,000 labour hours
= $15.00 per labour hours
The overhead application rate for Barr Mfg. is calculated by dividing the budgeted overhead of $900,000 by the expected labor hours of 60,000. This results in an overhead application rate of $15 per hour.
Explanation:The overhead application rate is computed by dividing the budgeted overhead by the expected production in terms of labor hours. In this case, Barr Mfg. had a budgeted overhead of $900,000 and expected to produce with 60,000 labor hours.
So, the overhead application rate would be $900,000 / 60,000 labor hours = $15 per hour (option B).
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Economics: a. studies human behavior when scarcity exists and choices must be made. b. does not accurately explain any human behavior since it is based on the assumption of rationality. c. is the only social science that can explain the existence and behavior of public institutions. d. is better at showing the way things ought to be than the other social sciences. e. does not provide a reasonable explanation of how people make decisions.
Answer: Economics studies the behaviour of human beings when there is scarcity and choices have to be made.
Explanation:
Economics is a social science i.e study of human behavior in relation to the manufacturing, distribution and consumption of products. Economics focal point is the interaction and behaviour of economic agents (households, firms and governments) and how economies work.
Economics is divided into microeconomics and macroeconomics. Microeconomics deals with the small elements in the economy such as interaction of markets and prices of certain products. Macroeconomics deals with the whole economy and issues discussed include unemployment, economic growth, inflation etc.
Grand Gimmicks Company produces a single product with a current selling price of $170. Variable costs are $130 per unit, and fixed costs per month average $6,240. Management is considering increasing the selling price to $190 per unit. Assume that the cost of the product and monthly fixed expenses will not change as a result of the proposed increase in selling price. At the proposed increased selling price of $190 per unit, what dollar volume of sales per month is required to break-even? (Rounded)
Answer:
Break Even Sales Volume in Dollars= $ 19500
Explanation:
Break Even Sales Volume in Dollars= Fixed Costs/ Contribution Margin Ratio
Break Even Sales Volume in Dollars= Fixed Costs/ 1- (variable Costs/ Sales)
Break Even Sales Volume in Units = Fixed Costs/ Contribution Margin per Unit
Break Even Sales Volume in Dollars= Fixed Costs/ 1- (variable Costs/ Sales)
Break Even Sales Volume in Dollars= $6,240/1-(130/190)
Break Even Sales Volume in Dollars= $6,240/1-0.68
Break Even Sales Volume in Dollars= $6,240/0.32
Break Even Sales Volume in Dollars= $ 19500
Answer:
$19,760
Explanation:
The Net/operating income is the difference between the total sales and total costs, Total cost is made up of the fixed and variable cost.
Like the total sales, the total variable cost is also affected by the level of activities or units produced/sold.
Mathematically,
Net income = Total sales - variable cost - fixed cost
At breakeven point, the net income is zero as the total sales is equal to the total cost.
Let the number of units to be sold to break even be b
190b - 130b - $6,240 = 0
60b = $6,240
b = 6240/60
= 104 units
Dollar volume of sales per month is required to break-even
= 104 * 190
= $19,760
Brower is a holder of a promissory note obtained from AMCO Credit Union, Inc.
Regarding the defenses against payment of the note to which AMCO is subject, Brower, as an ordinary holder, is subject to _______.
Answer:
The same defenses
Explanation:
All actions on promissory notes, other contracts or bonds, whether express or implied, that the payment of money are subject to the kind of defense the payor, obligor, or debtor had against the payee, creditor or obligee. Based on the notice of transfer or assignment.
Final answer:
Brower, as the holder of a promissory note, is subject to the same universal defenses against payment as AMCO, including fraud and illegality, but not personal defenses specific to AMCO.
Explanation:
Brower, as an ordinary holder of a promissory note from AMCO Credit Union, Inc., is subject to the same defenses against payment of the note to which AMCO is subject. This generally includes any real defenses applicable universally, such as fraud, duress, illegality, or incapacity. However, as an ordinary holder, Brower would not be subject to personal defenses that could be raised against AMCO, were AMCO the one attempting to enforce the note.
1. A parent company acquires all of a subsidiary's voting stock at the beginning of 2018. At the date of acquisition, the subsidiary's equipment had a book value of $40 million and a fair value of $15 million. The equipment had a 10-year remaining life, straight-line. Consolidation eliminating entry (O), on the consolidation working paper for 2021, has what effect on consolidated depreciation expense? A. Credit for $10 million B. Debit for $2.5 million C. Debit for $10 million D. Credit for $2.5 million
Answer:
D. Credit for $2.5 million
Explanation:
The depreciation expense to be recorded in the subsidiary individual accounts in respect of equipment is given below:
Depreciation expense to recorded in subsidiary accounts=$40 million/10
=$4 million
Since for the consolidated accounts we consider the fair value of the assets of the subsidiary and not the book values of assets, so for the purpose of consolidation, the depreciation expense of the equipment shall be recorded based on its fair value and not its book value in the following manner:
Depreciation expense to recorded in consolidated accounts=$15 million/10
=$1.5 million
Effect on consolidated depreciation expense= depreciation expense recorded in subsidiary accounts-depreciation expense recorded in consolidated accounts
Effect on consolidated depreciation expense=$4 million-$1.5 million
=$2.5 million
So based on the above calculation, the answer is D. Credit for $2.5 million
Answer:
B Debit for $2.5 million
Explanation:
Taking the book value and subtracting the fair value we get $25 mil
$40 MIL -$15 MIL=$25 MIL
So the depreciation expense over the ten years is
$25 mil/10 years= $2.5 mil
Heritage, Inc., had a cost of goods sold of $68,314. At the end of the year, the accounts payable balance was $15,486. How long on average did it take the company to pay off its suppliers during the year
Answer:
Heritage Inc. takes on average 83 days to pay off its suppliers during the years.
Explanation:
Trade payable days are the number of days in which company pays to its suppliers.
Use following formula to calculate number of days:
Trade Payable Days = ( Trade Payable / Cost of goods sold ) x 365
Trade Payable Days = ( $15,486 / $68,314 ) x 365
Trade payable days = 82.74 days = 83 days (Rounded off to whole number)
Heritage Inc. takes on average 83 days to pay off its suppliers during the years.
Managers should select the capital structure that A. maximizes the value of the firm. B. has no debt. C. is fully levered. D. minimizes taxes. E. produces the highest current level of net income.
Answer:
A. maximizes the value of the firm.
Explanation:
Managers should select the capital structure that "A", maximizes the value of the firm. He may select a capital structure with full debt or no debt, based on certain fact and conditions.
Capital Structure may result in Minimum taxes and generate Current level of Income but the most important is to maximize the value of the firm.
It costs Homer's Manufacturing $0.45 to produce baseballs and Homer sells them for $6.00 a piece. Homer pays a sales commission of 5% of sales revenue to his sales staff. Homer also pays $12,000 a month rent for his factory and store, and also pays $79,000 a month to his staff in addition to the commissions. Homer sold 71,500 baseballs in June. If Homer prepares a contribution margin income statement for the month of June, what would be his operating income?
Explanation:
The preparation of the contribution margin income statement is presented below:
Sales (71,500 × $6) $429,000
Less: Variable cost
Commission of 5% of sales ($21,450)
Manufacturing cost (71,500 × $0.45) ($32,175)
Contribution margin $375,375
Less: Fixed cost
Monthly rent ($12,000)
Payment to staff ($79,000)
Net income $284,375
Naper Publishing required warehousing and shipping services for its books, so it hired Independent Publishing Group to provide the services. This is an example of ________. a. subcontracting b. revenue sharing c. insourcing d. a joint alliance
Answer:
Subcontracting
Explanation:
Subcontracting is a business practice in which the main contractor hires additional individuals or companies called subcontractors to help finish up a project. The main contractor is still in charge of the project and must supervise hires to make sure the project is carried out and completed as specified in contract.
Naper Publishing's decision to hire Independent Publishing Group for warehousing and shipping is an example of outsourcing, which allows companies to contract out portions of their business for improved efficiency, expertise, and operational flexibility.
Naper Publishing hiring Independent Publishing Group for warehousing and shipping services is an example of outsourcing. Outsourcing involves contracting out a portion of a business's operations to another party, which can take on many forms. This may include having another company handle IT services, but in the context of Naper Publishing and Independent Publishing Group, it refers to the logistics and distribution aspects of the business. Outsourcing may be leveraged by companies for reasons such as accessing specialized expertise, achieving cost savings, and increasing flexibility in operations.
In the case of Naper Publishing, outsourcing appears to be a strategic decision to optimize operations by engaging with a company that specializes in the necessary services for warehousing and shipping books. This decision can help Naper Publishing focus on its core competencies, such as publishing, while Independent Publishing Group handles logistics, which is its area of expertise. Moreover, outsourcing provides the flexibility to scale services in response to market demands without Naper Publishing having to invest in its own warehousing and shipping infrastructure.
Marianna is writing a letter to a customer informing him that Flannery Electronic will not be able to replace his defective stereo because the warranty has expired.a. Marianna should call the customer.
b. Marianna has chosen the correct channel.
c. Marianna should send the message as an e-mail.
Answer:
c. Marianna should send the message as an e-mail.
Explanation:
An email is a way of exchanging information through electronic media. Business email is the best way of communicating with distant potential customers and clients. It is fast, affordable, and widely accepted by a majority of users. Email allows people to connect all over the world professionally and officially.
When people are transacting through email, information gets to the intended recipient instantly. Sometimes phone calls are not the best mode of communication due to costs and distortion of information. Email keeps a record of the correspondence, unlike a telephone call.
Marianna made a correct choice to use letter format for communicating about the warranty. However, e-mail could also be an effective choice depending on the company's policies.
Explanation:Based on the question, the subject in focus appears to be the communication channel Marianna is using to inform the customer about the warranty issue. In a business context, she has made a correct choice by deciding to write a letter, since it's a formal method of communication especially when delivering such type of news. However, there's an option to use e-mail which offers direct, fast, and effective means of communication. Ultimately, the choice of communication channel depends on the company's policies and relationship with the customer.
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g Assume that a 15-year, $1,000 face value bond pays interest of $37.50 every 3 months. If you require a simple annual rate of return of 12 percent, with quarterly compounding, how much should you be willing to pay for this bond
Answer:
I will pay $1,207.56 for this bond.
Explanation:
Price of the bond is the present value of all cash flows of the bond. Price of the bond is calculated by following formula:
According to given data
Coupon payment = C = $37.5
Number of periods = n = 4 x 15 years = 60 periods
Current Yield = r = 12% / 4 = 3% semiannually
Price of the Bond = $37.5 x [ ( 1 - ( 1 + 3% )^-60 ) / 3% ] + [ $1,000 / ( 1 + 3% )^60 ]
Price of the Bond = $37.5 x [ ( 1 - ( 1.03 )^-60 ) / 0.03 ] + [ $1,000 / ( 1.03 )^60 ]
Price of the Bond = $1,037.83 + $169.73
Price of the Bond = $1,207.56
The smartphone industry has been revolutionized in the past five years. The emergence of industry operating system front-runners Apple and Android has led to complete and total dominance of the market. While each company would be included in releases of newer, better, and technologically improved smartphones each year, the difference in technology from each newer version is getting less and less distinguishable. One could argue that the smartphone industry is reaching its:
a. disruptive technology.
b. decline.
c. natural limit.
d. technological paradigm shift.
Answer: Disruptive technology
Explanation: The Smartphone industry is experiencing disruptive innovation which is an innovation that creates a new market and value network and eventually disrupts an existing market and value network, displacing established market-leading firms, products, and alliances.
Answer:
Letter c is correct. Natural limit.
Explanation:
On this question, we can argue that the smartphone industry is reaching the natural limit by launching new smartphones more frequently and with technological differences in each newer version that is becoming less and less distinguishable.
This is because companies such as Apple and Samsung use the smarthphones launch strategy with few changes in functionality and design, but with the aim of increasing the price and attracting consumers who always want to purchase the most updated version of the device, but with the market slowdown, and with the paradigm shift of a portion of consumers, who are taking longer to change cell phones, the company like Apple is betting on a change in strategy, which will expand the cycle of major changes of its smartphone two to three years, to develop improvements and new features that are in fact attractive to the consumer.
suppose that a commercial bank wants to buy treasury bills. these instruments pay $500 in one year and are currently selling for 5012. what is the the yield to maturity
Answer:
9.98%
Explanation:
YTM is the estimated return expected from an investment held until its maturity. it is a long term yield which is expressed in annual term
Annual Payment = $500
Current price = $5,012
Yield to maturity = ( Annual payment / Current price ) x 100
Yield to maturity = ( $500 / $5,012 ) x 100
Yield to maturity = 0.0998
Yield to maturity = 9.98%
To calculate the yield to maturity, we need to solve for the interest rate that equates the present value of the Treasury bills to the purchase price.
Explanation:The yield to maturity (YTM) is the annual rate of return anticipated on a bond if it is held until it matures. To calculate the yield to maturity, we need to solve for the interest rate that equates the present value of the Treasury bills to the purchase price. In this case, the Treasury bill pays $500 in one year and is currently selling for $5012.
We can start by setting up an equation:
5012 = 500/(1+r)
Where 'r' is the interest rate or the yield to maturity.
To solve for 'r', we can rearrange the equation:
(1+r) = 500/5012
Now, we can divide both sides by 5012 and subtract 1 to isolate 'r':
r = 500/5012 - 1
By calculating the value of 'r', we can determine the yield to maturity for these Treasury bills.
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What type of lien can be placed on homeowners who do not pay their home association fees? A security bail bond lien An HOA lien A municipal utility lien A vendor's lien
An HOA lien can be placed on homeowners who do not pay their home association fees. It is a legal claim against the property for the amount owed, and it can lead to restrictions on the sale or refinancing of the property.
The type of lien that can be placed on homeowners who do not pay their home association fees is known as an HOA lien.
Homeowners' associations have the authority to place a lien on a property if the homeowner fails to pay the required dues or assessments.
Unlike a municipal utility lien, which is related to unpaid utility bills to the municipality, or a vendor's lien, which involves a claim by someone who has provided labor or materials that improve the property and hasn't been paid, an HOA lien specifically relates to homeowners’ association dues. An HOA can typically enforce this lien by placing restrictions on the sale or refinancing of the property until the debt is paid.
Why did Burberry initially chose a licensing strategy to expand its presence in Japan? What limitations of the licensing strategy became apparent over time? Should Burberry have expected these drawbacks to arise? Was terminating the Japanese licensing agreement and opening wholly owned stores the correct strategic move for Burberry? What are the risks here? To what extent does internalization theory explain Burberry’s experience in Japan?
The main reason was that for 50 years Burberry licensing arrangement with Sanyo Shokai generated them a revenue of $800 M and the company need not spend money on developing its iconic brand in japan
Explanation:
Why did Burberry first license in Japan?
The main reason was that for 50 years Burberry licensing arrangement with Sanyo Shokai generated them a revenue of $800 M and the company need not spend money on developing its iconic brand in japan
What limitations of Burberry's licensing strategy became apparent over time? Should they have expected these drawbacks?
The most important factor was the pricing caused problems because the product of Burberry was priced lower than the company charged in other countries
Was terminating the Japanese licensing agreement and opening stores the correct strategic move for Burberry? What were the risks?
Burberry had little /no choice left but to end the agreement with Sanyo Shokai .Yes opening its own stores in japan was the correct strategic move for Burberry . Burberry now assumes all costs and risks of operating in Japan.
To what extent does Internalization theory explain Burberry's experience in Japan?
We can say that Burberry's experience is consistent with internalization theory - while the company licensed its brand initially,it ended its licensing arrangement in favor of wholly-owned operations to gain better control over its brand and how it is was being used
Burberry used a licensing strategy in Japan for quicker market entry, risk reduction, and less upfront investment. Over time, the drawbacks such as loss of brand control became apparent, leading Burberry to switch strategies—opening wholly owned stores—to align the brand's image globally. This move is explained by the internalization theory which suggests companies will internalize their operations if the costs of the external market are too high.
Explanation:Burberry initially chose a licensing strategy to expand its presence in Japan because this approach allowed faster market entry, reduced risks, and required less investment. The licensee, Sanyo Shokai, had a strong reputation and business structure in Japan, which facilitated Burberry's initial success. Nonetheless, over time, the limitations of this strategy became apparent. The main drawbacks included loss of control over the brand’s image, quality, and product range. Consequently, some of the products circulating in Japan under the Burberry brand didn’t reflect the company's global image and strategic direction.
Burberry should have anticipated these issues as they are common risks associated with the licensing strategy. The decision to terminate the licensing agreement and open wholly owned stores can be regarded as a strategic move towards preserving the brand's image and aligning its global strategy. The risks relate to the investments necessary for establishing their own stores, potential difficulties in navigating the Japanese market without a local partner, and potential short-term revenue loss.
Internalization theory, which suggests companies will opt to conduct foreign operations themselves if the costs of using the external market are too high, partially explains Burberry's experience in Japan. Burberry effectively internalized its operations in response to the high costs - not monetary, but in terms of brand dilution - associated with the licensing agreement.
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Exercise 13-11 The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Eudaley Corporation at December 31, 2017. Common Stock ($6 stated value) $2,028,000 Paid-in Capital in Excess of Par—Preferred Stock 280,000 Paid-in Capital in Excess of Stated Value—Common Stock 851,000 Preferred Stock (8%, $100 par) 550,000 Retained Earnings 1,170,000 Treasury Stock (10,000 common shares) 120,000 Prepare the stockholders’ equity section of the balance sheet at December 31, 2017.
Answer:
EQUITY
Common stock $2,028,000
Preferred stock $550,000
Paid-in Capital excess of stated value- common stock $851,000
Paid-in excess of par - Preferred stock $280,000
Retained Earnings $1,170,000
Treasury stock -$120,000
Total Equity $4,759,000
Explanation:
Talarczyk Company sold 10,000 Super-Spreaders on December 31, 2017, at a total price of $1,000,000 cash, with a warranty guarantee that the product was free of any defects. The cost of the spreaders sold is $550,000. The assurance warranties extend for a 2-year period and are estimated to cost $40,000. Talarczyk also sold extended warranties (service-type warranties) related to 2,000 spreaders for 2 years beyond the 2-year period for $12,000 cash. Given this information, determine the amounts to report for the following at December 31, 2017: sales revenue, warranty expense, unearned warranty revenue, warranty liability, and cash.
Answer:
Explanation:
Sales revenue to be reported - $1,000,000
Warranty expense - $40,000
Unearned warranty revenue - $12,000
Cash = 1,000,000+12,000 = $1,012,000
Warranty liability - $40,000
On June 15, 2018, Sanderson Construction entered into a long-term construction contract to build a baseball stadium in Washington, D.C., for $220 million. The expected completion date is April 1, 2020, just in time for the 2020 baseball season. Costs incurred and estimated costs to complete at year-end for the life of the contract are as follows ($ in millions): 2018 2019 2020 Costs incurred during the year $ 40 $ 80 $ 50 Estimated costs to complete as of December 31 120 60 — Required: 1. Compute the revenue and gross profit will Sanderson report in its 2018, 2019, and 2020 income statements related to this contract assuming Sanderson recognizes revenue over time according to percentage of completion. 2. Compute the revenue and gross profit will Sanderson report in its 2018, 2019, and 2020 income statements related to this contract assuming this project does not qualify for revenue recognition over time. 3. Suppose the estimated costs to complete at the end of 2019 are $80 million instead of $60 million. Compute the amount of revenue and gross profit or loss to be recognized in 2019 using the percentage of completion method.
Answer:
The solution to the problem is given below.
Explanation:
Requirement 1
Revenue recognition:
2018: [tex]\frac{40}{160}[/tex] = 25% * $220 = $55
2019: [tex]\frac{120}{180}[/tex] = (66.67% × $220) – $55 = $91.67
2020: $220 – ($55 + $91.67) = $73.33
Gross profit (loss) recognition:
2018: $55 – 40 = $15
2019: $91.67 – 80 = $11.67
2020: $73.33 – 50 = $23.33
Requirement 2
Year Revenue recognized Gross profit (loss) recognized
2018 0 0
2019 0 0
2020 $220 $50
Requirement 3
2019 Revenue recognition:
[tex]\frac{120}{200}[/tex] = (60% × $220) – $55 = $77
2019 Gross profit (loss) recognition using the percentage of completion:
[tex]\frac{120}{200}[/tex]= 60% × $20* = $12 – 15 = $(3) loss
During finals week, students arrive randomly at the help desk of the computer lab. There is only one technician due to budget cuts, and the time required to provide service varies from student to student. The average arrival rate is 15 students per hour, and the average service rate is 20 students per hour. Arrival rates have been found to follow the Poisson distribution, and the service times follow the exponential distribution. What is the average time spent waiting in line for each student?"
Answer:
The average time spent waiting in line for each student is 2.25 students.
Explanation:
Use Lq with a single server formula.
λ = Avg arrival rate = 15 std/hr
μ= Avg server rate (individual server capacity) = 20 std/hr
Μ = # of servers/line (identical capacities)
= λ[tex]^{2}[/tex]/μ(μ- λ)
=15[tex]^{2}[/tex] / 20(20-15)
= 225/100
=2.25 students.
There are different kinds of calculations as regards to time. Note that average service rate increases, the shape of the negative exponential distribution of service times often is known to be less gently curved as it moves ever closer to the graph start up point.
Therefore , The average time spent waiting in line for each student is 2.25 students.
This calculated by:
λ refers to Avg arrival rate. This is denoted as
= 15 std/hr
μ refers to as Avg server rate. This is individual server capacity. It is denoted as
= 20 std/hr
Μ is known as number of servers/line or simply say identical capacities.
Therefore = λ/μ(μ- λ)
Input or fill up all numbers (values) into the equation above;
=15 / 20(20-15)
= 225/100
=2.25
Conclusively, The average time spent waiting in line for each student is 2.25 students.
See full options below
What is the average time spent waiting in line for each
student? What is the average number of students in the line?
a. 2.25 students
b. 5 students
c. 15 students
d. 20 students
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