Answer and Explanation:
The country is obviously in chaos because of law and order situation. The loyalist of old dictators are creating havoc and that needs to be stopped first. As a newly elected president, the first duty is to ensure that this must be stopped.
A newly elected government needs to call for international agencies such as the UN or regional alliance to put pressure on the neighboring country to refrain from interfering in internal matters of the country while strengthening armed forces and police to maintain internal security as well as external threats. Initially, the police and army will have to be quick because the sooner it creates order the better it will be but they should also take care that no gross human rights violation takes place. This is necessary to instill the faith in the mind of the public.
The second stage is establishing the administration through transparent government policies and that also without being bias to anyone. The chaos of transition will make it difficult but the new government will have to take financial and other help from the organization like World Bank to create infrastructure such as transportation and power generation along with a robust financial system to kick off economic growth. Infrastructure development needs heavy investment but that pays off in the long run and so that government should take initiative in that with public-private partnership. The government also needs to decentralize the powers with an effective control mechanism to stave off corruption because centralized decision making often tends to be counterproductive.
The government also needs to understand that people respond to incentives and so it will be a must to create an economic environment where people will be incentivized to work, to innovate and to create wealth. Abnormally high tax rate or too much strong government interference in the market will dissuade people and economic growth. It also involves developing law and judicial system where there will be a robust system of business laws, labor laws, property rights, and human rights in accordance with international standards.
There is no easy or quick solution but the government needs to be persuasive to carry out those tasks which will be beneficial in building a nation in the long run and for the welfare of the citizens.
Which sentence de-emphasizes the credit refusal?We cannot grant you credit at this time, but we welcome your cash business and encouage you to reapply in the future.Although credit cannot be granted at this time, we welcome your cash business and encourage you to reapply in the future.
Answer:
Although credit cannot be granted at this time, we welcome your cash business and encourage you to reapply in the future.
Explanation:
In business communication when conveying a message that is not pleasant to the other party, it is advisable to demphasise the bad news and focus on the good news in your statement.
This will create a more positive environment that promotes future business.
In the first statement the client was just told - We cannot grant your credit at this time.
This emphasises the bad news.
In the second statement the client was told - Although credit cannot be granted at this time.
Using the word although demphasises the credit rejection and focuses more on the client's cash business and the possibility of reapplying in the future.
The Adjusted Trial Balance section of the worksheet for Van Zant Janitorial Supplies follows. The owner made no additional investments during the year. Accounts Debit Credit Cash $ 18,900 Accounts Receivable 60,100 Allowance for Doubtful Accounts $ 150 Merchandise Inventory 186,500 Supplies 7,170 Prepaid Insurance 3,090 Equipment 51,300 Accumulated Depreciation—Equipment 18,100 Accounts Payable 9,000 Social Security Tax Payable 1,420 Medicare Tax Payable 340 Steven Van Zant, Capital 278,700 Steven Van Zant, Drawing 74,300 Income Summary 180,300 186,500 Sales 774,500 Sales Returns and Allowances 14,700 Purchases 487,200 Freight In 5,700 Purchases Returns and Allowances 8,800 Purchases Discounts 5,600 Rent Expense 34,100 Telephone Expense 6,270 Salaries Expense 123,440 Payroll Taxes Expense 12,000 Supplies Expense 6,900 Insurance Expense 1,590 Depreciation Expense—Equipment 8,400 Uncollectible Accounts Expense 1,150 Totals $ 1,283,110 $ 1,283,110 Prepare a postclosing trial balance for the firm on December 31, 2019.
Answer:
[tex]\left[\begin{array}{ccc}Account&DEBIT&CREDIT\\$Cash&18,900&-\\$Account\: Receivable&60,100&\\$Allowance \: doubful \: accounts&&150\\$Inventory&186,500&\\$Supplies&7,170&\\$Prepaid Insurnace&3,090&\\$Equipment&51,300&-\\$Acc \: Dep \: Equipment&-&18,100\\$Accounts \: Payable&&9,000\\$SS \: tax \: payable&&1420\\$Medicare \: tax \: payable&&340\\$Capital&&298,050\\&327,060&327,060\\\end{array}\right][/tex]
Explanation:
The sales, expenses, income summary and drawings accounts will be closed therefore will not be part of the post-closed trial balance.
Thew capital Account will suffer the net change of all these account thus, we can list the assets and liabilities and then, solve for Capital by the difference:
Assets = Laibilities + Equity
327,060 = 150 + 18,100 + 9,000 + 1,420 + 340 + Capital
Capital = 327,060 - (150 + 18,100 + 9,000 + 1,420 + 340)
Capital = 298,050
The postclosing trial balance is prepared after closing entries are made and includes permanent accounts such as assets, liabilities, and capital. It lists the final balances for these accounts and ensures the books are balanced entering the new fiscal year.
To prepare a postclosing trial balance for Van Zant Janitorial Supplies on December 31, 2019, you would list only the permanent accounts that will carry their balances into the next fiscal year. These accounts include asset, liability, and capital accounts after the temporary accounts (revenues, expenses, income summary, and owner's drawing) have been closed to the capital account. The postclosing trial balance includes:
Cash
Accounts Receivable
Allowance for Doubtful Accounts
Merchandise Inventory
Supplies
Prepaid Insurance
Equipment
Accumulated Depreciation—Equipment
Accounts Payable
Social Security Tax Payable
Medicare Tax Payable
Steven Van Zant, Capital
Each account balance is taken from the adjusted trial balance and input into either the debit or credit column as appropriate. The final debit and credit totals should match, indicating that the books are in balance following the closing process.
Cramer Corporation has an immediate need for large group of workers to fulfill project. Although it allowed its normal hiring processes in some cases short cuts were taken in the interest of getting the workers on board as quickly as possible. As a result, Cramer inadvertently hired some worker without proper documentation. Which of the following best describes Cramer’s liability I this situation?
a. There is no liability for Cramer. If the undocumented workers are discovered the consequences are for them and not for the company
b. Cramer is liable for failure to obtain proper documentation showing that the workers were eligible to work in the US. Further corporate officers of Cramer can be held personally liable for failure to satisfy these requirements. Civil and criminal penalties may apply
c. Cramer didn’t’ know that the workers weren’t eligible to work in the US therefore it cannot be held liable
d. Only the person in charge of hiring at Cramer will be held accountable for bringing in undocumented aliens
Answer:
(B) Cramer is liable for failure to obtain proper documentation showing that the workers were eligible to work in the US. Further corporate officers of Cramer can be held personally liable for failure to satisfy these requirements. Civil and criminal penalties may apply.
What is the standard cost of producing one 10-pound case of roasted coffee beans? First, select the formula to calculate the standard cost of input. Then calculate the standard cost of each input. Finally, calculate the total standard cost of producing one 10-pound case of roasted coffee beans.
Answer:
The question posted seems to be lacking in giving what the standard costing is in monetary value. However, the formula can be given.
The formula to calculate the standard cost of input:
standard cost of unit (monetary value) multiplied by the standard quantity per unit
For Example:
If the standard cost of unit is $10 then the standard cost of input will be:
$10 x 10 pounds per case
= $100 per case.
Explanation:
To calculate standard cost, you have to understand the definition of standard cost. Standard cost is the estimated cost of production for a business.
Apply the formula given to calculate the the standard cost of input. Once you have that value, you can then calculate the cost of producing a case of roasted coffee beans.
To calculate the standard cost of producing one 10-pound case of roasted coffee beans, we consider the standard quantities and prices of the main inputs - coffee beans, packaging materials, and energy costs. By applying the formula Standard Cost = Standard Quantity x Standard Price, we can determine the standard cost of each input. The total standard cost is the sum of the standard costs of all inputs.
Explanation:To calculate the standard cost of producing one 10-pound case of roasted coffee beans, we need to determine the standard cost of each input and then calculate the total standard cost. The formula to calculate the standard cost of inputs is:
Standard Cost = Standard Quantity x Standard Price
Let's consider the main inputs for producing roasted coffee beans:
1. Coffee beans: Assuming the standard quantity of coffee beans per 10-pound case is 10 pounds, and the standard price is $1 per pound, the standard cost of coffee beans would be 10 pounds x $1/pound = $10.
2. Packaging materials: Assuming the standard quantity of packaging materials per 10-pound case is $0.50, and the standard price is $0.10 per unit, the standard cost of packaging materials would be $0.50 x $0.10 = $0.05.
3. Energy costs: Assuming the standard quantity of energy per 10-pound case is 500 kilowatt-hours (kWh), and the standard price is $0.15 per kWh, the standard cost of energy would be 500 kWh x $0.15/kWh = $75.
Now, let's calculate the total standard cost by summing up the standard costs of all inputs:
Total Standard Cost = Standard Cost of Coffee Beans + Standard Cost of Packaging Materials + Standard Cost of Energy = $10 + $0.05 + $75 = $85.05
Under workers' compensation: a. the employee loses the right to litigation against the employer for covered incidents. b. employee fault controls compensation. c. injuries by fellow employees are not covered. d. none of the above
Answer:
The correct answer is a. the employee loses the right to litigation against the employer for covered incidents.
Explanation:
Compensation for employees can be the decisive factor to retain employees with high potential and encourage them to put all their efforts to achieve organizational goals; In addition, it is not only about creating strategies for employees who already belong to the payroll, but also those candidates who aspire to a job.
Compensations are strategies and incentives for employees, in addition to the monthly salary, used primarily to:
Recruit and retain qualified employees. Increase the level of satisfaction. Reward and encourage maximum performance. Reduce staff turnover. Promote loyalty to the company.Describe the actions of people and organizational leaders directly and indirectly involved with the tragedy. Specifically, address the ethical issues they faced
Explanation:
The ethical issues throughout the actions of these people and community members The first move was to provide help for the people affected when the disaster of Hurricane Andrew was resolved. The people in the affected areas and aid agencies have been involved. The treatment and ethics issue contributed to the offer of such relief. As far as the ethic of care is involved, individuals have a duty in respecting the health of others in distress. Thus, this kind of philosophy was followed in this situation by providing the resources to help those impacted by the hurricane with their welfare.
Homes were destroyed, and shelter was needed. Various organisations, however, were knowingly or unknowingly interested in providing food and clothing as well as other basic necessities for such men. However, the ethical issue was the main driving force behind search and rescue operations for those directly impacted by the incident.
An example is the Bahamas National Disaster Coordinator, who played a significant role in motivating their employees to ensure that they offered timely relief to the survivors. The local population was also mobilized as often as possible to support the crisis. It is also the nature of people to support if circumstances allow them to do it anyway face. Hurricane Andrew was a shocking event for the citizens of Bahamas and Louisiana, and therefore the care and compassion ethics had to inspire the local population and different organisations.
While massive property damage happened, the ethics have helped to reduce the number of victims significantly.
Following is a recent Microsoft press release: REDMOND, Wash.—Nov. 29, 2017 — Microsoft Corp. on Wednesday announced that its board of directors declared a quarterly dividend of $0.42 per share. The dividend is payable March 8, 2018, to shareholders of record on Feb. 15, 2018. The ex-dividend date will be Feb. 14, 2018. Prepare the journal entries Microsoft used to record the declaration and payment of the cash dividend for its 7,720 million shares. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
Solution:
No Event General Journal Debit Credit
1 1 Retained earnings 3,242
Cash dividends payable 3,242
2 2 No journal entry required
3 3 Cash dividends payable 3,242
Cash 3,242
Declaration date:
Cash dividends payable (7,720 million shares × $0.42) = $3,242 million
n the Baumol-Tobin model, if the nominal interest rate is 1%, the consumer's annual income is $36000, and every trip to the bank costs $20, then it is optimal for the consumer to visit the bank ___ times a year. 2 3 4 5
Answer:
In the Baumol-Tobin model, if the nominal interest rate is 1%, the consumer's annual income is $36000, and every trip to the bank costs $20, then it is optimal for the consumer to visit the bank three times a year.
Explanation:
The optimal number of visit to banks = (iY/2F)0.5
i = 1% = 0.01
Y = $36000
F = $20.
The optimal number of visit to banks = (iY/2F)0.5
The optimal number of visit to banks = (0.01 * 36000 / 2* 20)0.5
The optimal number of visit to banks = (9)0.5
The optimal number of visits to banks = 3.
it is optimal for the consumer to visit the bank 3 times a year.
Why might credentialism be an obstacle to growth? Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click the option twice to empty the box. Degrees become more important than the knowledge learned. unanswered Credentials cannot be validated. unanswered The result is an underutilization of credentials. unanswered Everyone can get a credential. unanswered People who have the ability but not the money to get a credential are kept from higher-quality jobs, which reduces growth. unanswered
Credentialism can hinder growth by excluding capable individuals who can't afford a degree, promoting inequality, and causing inefficient resource allocation. However, ensuring equal opportunities to education can mitigate its negative effects.
Explanation:Credentialism, the emphasis on certificates or degrees to show that a person has a skill or met certain qualifications, can be an obstacle to growth in several ways. The focus on degrees over actual knowledge or skill can exclude capable individuals who don't have the means to earn a degree, which can lead to an underutilization of potential human capital and reduce growth.
Further, the practice of credentialism can exacerbate inequality, since the cost of earning a degree has become prohibitive for many people, but employers often use degrees as a pre-screening tool. Finally, the overemphasis on credentials can lead to an inefficient allocation of resources, as individuals spend time and money on formal education that might not be necessary for their careers.
However, the solution might not be to do away with credentialism, but rather to ensure that our educational institutions provide everyone with the opportunity to gain the skills and knowledge they need to succeed, regardless of their ability to pay.
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The following transactions are February 2013 activities of Swing Hard Incorporated, which offers indoor golfing lessons in the northeastern United States. Swing Hard paid $4, 750 to its golf instructors for the month of February. Swing Hard paid $1, 750 for electricity used in the month of January. Swing Hard received an electricity bill for $800 for the month of February, to be paid in March. Prepare the journal entry for the above transaction (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
Answer:
The journal entries are as follows:
(i) Wage Expense A/c Dr.
To Cash A/c
(To record the wages paid to the instructors)
(ii) Electricity expense A/c Dr. $1,750
To Accounts payable $1,750
(To record the electricity expense)
(iii) Accounts payable A/c Dr. $1,750
To Cash $1,750
(To record the payment of electricity expense)
(iv) Electricity expense A/c Dr. $800
To Accounts payable $800
(To record the electricity expense)
Final answer:
The student's query is on how to record transactions in journal entries, involving accounts such as Accounts Receivable, Service Revenue, Membership Expense, Cash, Amortization Expense, Accumulated Amortization, and Contribution Revenue.
Explanation:
The student's question involves preparing journal entries for transactions related to Swing Hard Incorporated. Since they have provided examples involving Treehouse transactions, we can use these as analogies to demonstrate how to record such transactions in accounting.
Transaction 9: When Treehouse delivers an outreach program and sends an invoice, the journal entry would be to debit Accounts Receivable and credit Service Revenue for the amount invoiced.Transaction 14: Recording quarterly professional association membership expenses, assuming the annual dues are $1,500, would involve debiting Membership Expense and crediting Cash or Accounts Payable for one-quarter of the annual amount.Transaction 16: For amortization expense on a software license, the entry would be a debit to Amortization Expense and a credit to Accumulated Amortization.Transaction 3: Paying for staff membership renewals would involve a debit to Membership Expense and a credit to Cash.Transaction 26: If labor and materials for a project are donated, Treehouse would debit an asset account for the fair market value of the services and materials and credit Contribution Revenue or a similar account.Transaction 22: For expenses related to attending a conference, the journal entry would debit an Expense account and credit Cash; if these are reimbursed, an additional entry to debit Cash and credit the expense account would be needed.Each of these transactions would be recorded in their respective accounts according to double-entry accounting, where each entry has a corresponding and opposite entry.
Duffert Industries has total assets of $1,050,000 and total current liabilities (consisting only of accounts payable and accruals) of $150,000. Duffert finances using only long-term debt and common equity. The interest rate on its debt is 9% and its tax rate is 40%. The firm's basic earning power ratio is 15% and its debt-to capital rate is 40%. What are Duffert's ROE and ROIC
Answer:
13.90%; 10.50%
Explanation:
Given that,
Total assets = $1,050,000
Total current liabilities = $150,000
Interest rate on debt = 9%
Tax rate = 40%
Basic earning power ratio = 15%
Debt-to-capital rate = 40%
[tex]Basic\ earning\ power\ ratio=\frac{EBIT}{Total\ assets}[/tex]
[tex]0.15=\frac{EBIT}{1,050,000}[/tex]
EBIT = 0.15 × $1,050,000
= $157,500
Total invested capital:
= Total assets - Accounts payable and accruals
= $1,050,000 - $150,000
= $900,000
Equity = 60% of the total invested capital
= 0.6 × $900,000
= $540,000
Debt = Total invested capital - Equity
= $900,000 - $540,000
= $360,000
Earning before tax:
= EBIT - Interest expense
= $157,500 - ($360,000 × 9%)
= $157,500 - $32,400
= $125,100
Net income = Earning before tax - Tax expense
= $125,100 - ($125,100 × 40%)
= $125,100 - $50,040
= $75,060
ROE:
= Net income ÷ Equity
= $75,060 ÷ $540,000
= 0.1390 or 13.90%
ROIC:
[tex]=\frac{[EBIT(1-Tax\ rate)]}{Total\ operating\ capital}[/tex]
[tex]=\frac{[157,500(1-0.4)]}{900,000}[/tex]
= 0.1050 or 10.50%
John, the CEO of Tresnel Inc., learns that the government of one of his company's foreign markets has enacted a new law that limits the amount of profit it can make. He projects that this will result in future losses. If John researches the ________ environment, he can plan a strategy to deal with this situation.
Answer:
The correct answer is letter "D": political and legal.
Explanation:
Managers should not be discouraged in front of new legislation. In fact, new laws setting boundaries on businesses can be detrimental for those companies but immediately after the regulations are enacted, firms should find out if the political environment of that law has grey areas that help companies to surpass them.
Besides, the social environment where the firm operates can offer companies other opportunities for the fir to grow. Research must be meticulously conducted under this scenario to find out new profit sectors in the market before making radical decisions such as stopping the operations of the entity.
Suppose that you enter into a long contract to buy July silver for $13.57 per ounce on NYMEX. The size of the contract is 5000 ounces. The initial margin is $4,029 per contract, and the maintenance margin is $3,224 per contract. At what price are you going to receive a margin call
Answer:
price rise = $13.731 or above will be margin call
Explanation:
given data
per ounce = $13.57
maintenance margin = $3,224 per contract
initial margin = $4,029 per contract
maintenance margin = $3,224 per contract
solution
we get loss from margin that is
loss = $4,029 - $3,224
loss = $805
and here price for july silver future contract increase as
silver future contract increase = [tex]\frac{805}{5000}[/tex]
silver future contract increase = $0.161
so when price rise to $13.57 + $0.161
price rise = $13.731 or above will be margin call
On June 10, Concord Corporation purchased $8,050 of merchandise on account from Sarasota Company, FOB shipping point, terms 1/10, n/30. Concord pays the freight costs of $510 on June 11. Damaged goods totaling $450 are returned to Sarasota for credit on June 12. The fair value of these goods is $80. On June 19, Concord pays Sarasota Company in full, less the purchase discount. Both companies use a perpetual inventory system.
Solution:
The journal entries are as follows in the books of Concord Corporation
On June 10
Merchandise inventory A/c Dr $8,050
To Account payable A/c $8,050
(Being the inventory is purchased on account)
On June 11
Merchandise inventory A/c Dr $510
To Cash A/c $510
(Being freight is paid by cash)
On June 12
Accounts payable A/c Dr $450
To Merchandise Inventory A/c $450
(Being goods returned is recorded)
On June 19
Accounts payable A/c Dr $7,600 ($8,050 - $450)
To Cash A/c $7,524 ($7,600 × 1%)
To Merchandise Inventory A/c $76
(Being payment is recorded)
The owner of a two-acre commercial site insists that her property has appreciated by at least 5% per year since she bought it four years ago. As the appraiser, you are asked to factor this into the appraisal or refute her contention. Research in this market revealed the following sales and reseals of comparable properties: Date Price Annual Appreciation Rate 1 Price 1 month ago
Answer:
Answer is 1.53%.
Explanation:
The annual depreciation rates are:
1 = 1.6%
2= 2.8 %
3= 0.12 %
4=1.6 %
(These are calculated through data given in the question).
Now the average annualized reconciles appreciation rate on straight line basis = [tex]\frac{1.6+1.6+2.8+0.12}{4}[/tex]
= [tex]\frac{6.12}{4}[/tex]
= 1.53 %
Hence the correct answer for the question is 1.53%.
If a test is administered to prospective applicants, what kind of validity is intended to be measured?
a) predictive validity
b) concurrent validity
c) content validity
d) face validity
Answer:
predictive validity
Explanation:
predictive validity is the extent to which a score on a scale or test predicts scores on some criterion measure. For example, the validity of a cognitive test for job performance is the correlation between test scores and, for example, supervisor performance ratings.
Reducing the complexity of a product and improving a product's maintainability for use are activities of :a. Product Lifecycle Management (PLM) b. product-by-value-analysis c. manufacturability and value engineering d. organizing for product development e. design for destruction (DFD)
Answer:
manufacturability and value engineering.
Explanation:
Manufacturability and value engineering are processes that are concerned with improvement of specifications and designs at the stages of research, development, design, and production.
Value engineering aims to increase the value of a good by analysing the function. Value is the ratio of function to cost, so when we want it increase value we either increase function or reduce cost.
Manufacturability and value engineering involves reduction of the complexity of a product and improving a product's maintainability for use.
Answer:c. manufacturability and value engineering
Explanation: These activities focus on simplifying products and enhancing their maintainability, which are key aspects of manufacturability and value engineering.
If a firm wanted to know whether the demand for its product was elastic, unit elastic, or inelastic, then the firm could A. not do anything as there is no way to find an elasticity value. B. survey competitors and ask them what they think demand elasticity for the product is. C. change price a little bit and observe what happens to total revenue. D. talk to its customers.
Answer:
Option C, if a firm wanted to know whether the demand for its product was elastic, unit elastic or inelastic, then the firm could CHANGE PRICE A LITTLE BIT AND OBSERVE WHAT HAPPENS TO TOTAL REVENUE.
Explanation:
Price elasticity of demand measures the responsiveness of demand after a change in a product's own price.
Demand is considered elastic when the absolute value of price elasticity is higher than 1 which means it is highly responsive to change in price.
Demand is inelastic when the value of price elasticity is less than 1 which means it is unresponsive to change in price.
Demand is unit elastic when value of elasticity is equal to 1 which means demand remains the same.
Therefore, the option that best suits the question is option C, the firm can know if demand is elastic, inelastic or unit elastic by CHANGING PRICE A LITTLE BIT AND OBSERVE WHAT HAPPENS TO TOTAL REVENUE.
Jack works on the production line at an assembly plant. Jack receives a base salary plus $1.25 per unit assembled. This is an example of a ______ cost.
Answer:
The correct word for the blank space is: mixed.
Explanation:
Mixed costs or semi-variable costs are the results of adding fixed costs (those that do not change) to a variable cost (vary in proportion to the level of activity). Different levels of production in a company determine how much the mixed cost will be.
Thus, in Jack's case, his salary is the fixed costs and the $1.25 per unit assembled is the variable cost.
The given example of Jack's base salary plus $1.25 per unit assembled represents a variable cost.
Explanation:The example given, where Jack receives a base salary plus $1.25 per unit assembled, is an example of a variable cost. Variable costs are costs that change in relation to the level of production or output. In this case, the cost increases with each additional unit assembled by Jack.
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At December 31, 2020, Redmond Company has outstanding three long-term debt issues. The first is a $2,000,000 note payable which matures June 30, 2023. The second is a $6,000,000 bond issue which matures September 30, 2024. The third is a $12,500,000 sinking fund debenture with annual sinking fund payments of $2,500,000 in each of the years 2022 through 2026. Prepare the required note disclosure for the long-term debt at December 31, 2020.
Answer:
Year Amount ($) (Disclosure amount for long term debt)
2021 0
2022 2,500,000
2023 4,500,000
2024 8,500,000
2025 2,500,000
Explanation:
The question is to show the required note disclosure of Redmon Company's Long term Debt at December 31, 2020
In order to do this, the note disclosure will take into cognisance the
Year Amount ($) (Disclosure amount for long term debt)
2021 0
2022 2,500,000
2023 4,500,000
2024 8,500,000
2025 2,500,000
Workings:
Disclosure for 2023 = Annual sinking fund payment + the notes payable maturity = (2,000,000 + 2,500,000)
Disclosure for 2024 = Annual sinking fund payment + the notes payable maturity = (6,000,000 + 2,500,000)
Consider a game in which three players must decide how much to contribute to fund a holiday party. Each player i ∈ {1, 2, 3} selects a contribution level xi ∈ [0, 2] at personal cost x 2 i . The party yields to each player a benefit of x1 +x2 +x3 +x1x2x3. This, player is payoff is x1 + x2 + x3 + x1x2x3 − x 2 i .
Answer:
Hi,
What is your question exactly in this. :)
Final answer:
The question and examples provided revolve around game theory and probability within economics, focusing on decision-making and the balance between self-interest and fairness at the college level.
Explanation:
The subject matter being discussed in the question involves a variety of economic and mathematical concepts which are related to game theory, probability, and the study of public goods. While the examples cover multiple topics, they all circle back to the theme of economic decision-making and strategic interaction between different agents within various scenarios, such as allocating funds for a holiday party, contributing to a public good, deciding on an offer in an ultimatum game, and calculating expected outcomes in games of chance.
Experimental data from these games shows that participants often consider fairness alongside their personal gain. The question points out that human behavior in these situations deviates from the purely rational, self-interested models that traditional economic theories might predict.
In the context of the provided examples, we see a mix of altruism, social consequences, and the overarching notion of equilibrium play out, posing an interesting examination of how individuals might behave in real-world situations. These concepts are key in understanding strategic interactions in economics, which is often a part of college-level curriculum.
A heavy equipment manufacturer is in talks with several other similar businesses about moving into a foreign market. Their primary goal for working together is to lower their financial risk, so they are considering a consortium. What should they know about consortia? Multiple Choice A consortium usually operates in a country where none of the participants is currently active. A consortium is a partnership between individuals rather than companies. A consortium restricts the right to hold an equity position to its majority partners. A consortium does not involve the creation of a separate legal entity. A consortium is formed mainly for executing short-term projects.
Answer:
A consortium usually operates in a country where none of the participants is currently active.
Explanation:
Which of the following ratios are key components in measuring a company's operating efficiency? (You may select more than one answer.)
a. Profit margin
b. Equity ratio
c. Return on total assets
d. Total asset turnover
The key components in measuring a company's operating efficiency are as follows,
Option c - Return on total assetsOption d - Total asset turnoverExplanation:
Efficiency can be defined as a measure to calculate the capability of the business to handle the existing assets and liabilities.
Return on assets (ROA): This measures the efficiency of a company's management in generating earnings from their economic resources or assets.
Total asset turnover: This ratio helps in measuring the ability of the business to generate sales from the existing assets.
In general, the following elements are assumed to be the efficiency ratios:
Accounts payable turnoverAccounts receivable turnoverInventory turnoverFixed assets turnoverThe efficiency ratio of a bank is calculated by diving the expenses (without including interest) by revenue. That is,
[tex]\text{Efficiency Ratio }=\frac{\text{ Expenses }}{\text{ Revenue }}[/tex]
This is also called as activity ratio.
The facts that a sole proprietorship, as a business, pays no corporate income tax, and that it is easily and inexpensively formed, are two key advantages to that form of business. True False
Answer:
The statement is: True.
Explanation:
Sole proprietorships are businesses where the owner is the only individual in charge of the entity and the operations. This type of entity is easy to create and dismantle because there are not many regulations for them. The sole proprietor does not pay corporate taxes since the business income is included in the personal tax return the owner sends to the Internal Revenue Service (IRS).
Sole proprietorships represented approximately 73% of businesses in the U.S. during 2011, according to the Census Bureau.
Despite the communication difficulty and barriers with companies from different cultures, many organizations are seeking opportunities to partner with companies from other countries for new supply and distribution. This reflects the influence of globalization on the ____ environment of companies.
the answer is task. i just did the assignment.
Despite the communication difficulty and barriers with companies from different cultures, This reflects the influence of globalization on the option B)Task" environment of companies.
What is the communicationGlobalization refers to the increasing interconnectedness and interdependence of economies, cultures, and societies across the world. It has led to the breaking down of traditional barriers and the expansion of opportunities for businesses to operate beyond their national boundaries.
Globalization has led to increased interaction between companies from different cultural backgrounds
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See text below
Despite the communication difficulty and barriers with companies from different cultures, many organizations are seeking opportunities to partner with companies from other countries for new supply and distribution. This reflects the influence of globalization on the ____ environment of companies.
A)economic
B)Task
c)Genral
According to PCN analysis, which process region includes process steps in which one participant is acting on another participant's resources, such as their information, materials, or technologies?
Options:
A. Independent processing
B. Surrogate Interaction
C. Direct interaction
D. Resource processing
E. Process domain Interaction.
Answer:B. Surrogate Interaction
Explanation:
PCN(preassigned control number) PROGRAM is a program system designed to allow the Library of Congress to assign control numbers in advance of a publication to those titles which may be included to collections of materials in the Library. PCN number is only assigned to publishers in the United States of America.
Surrogate Interaction is a type of Interaction taking place in a PCN program where there are no direct interaction.
The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 300,000 $ 30 B 400,000 35 C 500,000 10 D 700,000 15 The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $30,000. There are 4 million shares outstanding. What is the net asset value of the fund
Answer:
The Net sales value of the fund is $9.62
Explanation:
Net asset is the net value of assets and liabilities. Net asset value of fund the the value of all the investment less any liability associated with those investment.
Stock Shares Price Total
A 300,000 $30 $9,000,000
B 400,000 $35 $14,000,000
C 500,000 $10 $5,000,000
D 700,000 $15 $10,500,000
Total $38,500,000
Net Asset value = Total asset value - Total Liabilities = $38,500,000 - $30,000 = $38,470,000
Number of outstanding shares = 4,000,000
NAV = Net asset value / number of outstanding shares = $38,470,000 / 4,000,000 = 9.6175 = $9.62
The Net Asset Value (NAV) of the Fingroup Fund is calculated by determining the total value of the stocks, subtracting the management fee, and then dividing by the number of shares outstanding. The NAV for this fund comes out to approximately $9.618 per share.
Explanation:The Net Asset Value (NAV) of a fund is calculated by taking the total market value of all securities owned by the fund, subtracting the total liabilities, and dividing by the total number of shares outstanding. In this case, we need to calculate the total market value of all stocks, subtract the management fee, and then divide by the number of shares outstanding.
First, calculate the total value of each stock by multiplying the number of shares by the price per share. For stock A that's 300,000 * $30 = $9,000,000. Do the same for stocks B, C, and D to get $14,000,000, $5,000,000, and $10,500,000 respectively. Add these amounts to get the total value of the portfolio: $9,000,000 + $14,000,000 + $5,000,000 + 10,500,000 = $38,500,000. Subtract the management fee from this amount: $38,500,000 - $30,000 = $38,470,000. This is the total net asset value of the fund. Finally, divide this amount by the number of shares outstanding to get the NAV per share: $38,470,000 / 4,000,000 = $9.618 per share.Therefore, the Net Asset Value of the fund per share is approximately $9.618.
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Carlos is a salesperson for an industrial equipment company. Carlos calls on manufacturers and spends most of his time talking with system operators who work on the factory floor.While CARLOS is able to get the equipment operators interested in his products, he is often unable to make a sale. Craig needs to work on:________.
A. Determining other purchase decision influencers.
B. Improving his products.
C. Improving his attitude.
D. His cold canvassing ability.
E. His record keeping
Answer:
The correct answer is letter "A": Determining other purchase decision influencers.
Explanation:
While engaging prospective buyers into a purchase, salespeople should be aware of what the consumer is looking for. Different consumers have different preferences such as price, brand, quality, technical features, or useful life. Then, once the purchase decision influencer has been identified, clerks must focus on that characteristic to attempt closing the sale.
Thus, Carlos must review his sales speech and pay special attention to what customers are looking for to determine which purchase decision influencer they are related to.
On March 29, customers who owe $13,981 on account to Sonic Sales Company submit payments of $7,687. Required: Journalize this event. Refer to the Chart of Accounts for exact wording of account titles.
Answer:
Debit Cash accounts $7,687
Credit accounts receivables $7,687
Being entries to record cash receipt from customer.
Explanation:
When customers purchase on account, the entries required are credit sales and debit accounts receivables.
When cash is paid, Debit cash account and credit accounts receivables with the amount paid. This has a net effect on account receivables and so the balance in the account is reduced.
Material 1 costs $7 a pound, material 2 costs $5 a pound, and labor costs $15 per hour. Product A sells for $101 a unit, product B sells for $67 a unit, and product C sells for $97.50 a unit. Each week there are 300 pounds of material 1; 400 pounds of material 2; and 200 hours of labor. Also, there is a weekly demand of at least 10 units of product C each week. Formulate the given problem scenario as a linear program, and solve the problem using Microsoft Excel Solver. For the formulation, provide a complete description of the decision variables used along with their units and also label the constraints mentioned in the problem as completely as possible. Also, the Excel set-up should provide clearly labeled values used for the decision variables, constraints, and objective function.
Answer:
Some answers are attached below
Explanation:
We need to maximize profit -
Selling prices for A,B,C are given; Costs of materials 1,2 and labor are given.
Also given is that 1 unit of each product A,B,C requires certain units of material 1, material 2 and labor based on the table provided.
Profit for 1 unit of A = Selling Price - Cost = 101 - [(7*3)+(5*2)+(15*4)] = 10 $
Profit for 1 unit of B = Selling Price - Cost = 67 - [(7*1)+(5*4)+(15*2)] = 10 $
Profit for 1 unit of C = Selling Price - Cost = 97.5 - [(7*5)+(5*0)+(15*3.5)] = 10 $
LP Formulation
Maximize profit Z = 10A+10B+10C
subject to Constraints
3A+B+5C<=300 ----> Material 1 constraint
2A+4B<=400 ---->Material 2 constraint
4A+2B+3.5C <=200 ----->Labor
C>=10 -----> Product C Demand constraint
A,B,C>=0
Below is the solver solution and formulation table from Excel -
Maximum profit = 925 $
The question involves formulating a linear programming problem to maximize profit by choosing production numbers for three products, constrained by available materials, labor, and demand. Additionally, it asks to determine the best production method based on various costs of labor and capital. The optimal decision-making strategy is determined by using Microsoft Excel Solver for the first task and a cost comparison for the second.
Explanation:The scenario presents a linear programming problem with the objective of maximizing profit by deciding how many units of products A, B, and C to produce weekly. For this purpose, we must define decision variables such as XA, XB, and XC to represent the numbers of products A, B, and C produced. We incorporate constraints based on material usage, labor hours, and demand. For material 1, the constraint would be 7XA + 7XB + 7XC ≤ 300, considering the cost of material per unit. Correspondingly, we calculate constraints for material 2 and labor, considering their costs and weekly availability.
Using Microsoft Excel Solver, we set up the objective function to maximize profit, which is 101XA + 67XB + 97.50XC. We input the constraints for material 1, material 2, labor, and the minimum production requirement for product C into Solver. After running Solver, we obtain the optimal quantities of products A, B, and C to produce to achieve maximum profit.
Regarding the best production method in the second scenario, we evaluate the cost associated with each method. For Method 1 at the cost of $100/unit of labor and $400/unit of capital, the cost would be (50 units of labor * $100) + (10 units of capital ×$400). We compare the calculated costs similarly for Methods 2 and 3. The method with the lowest total cost will be the most economical option. If the cost of labor rises to $200/unit, we recalculate the total costs for each method using the new cost of labor, and again select the method with the lowest cost.
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