Answer:
it tells the other side of the trade you know what to do with the product and to fullfill the other sides expections
Explanation:
Using the lower of cost or market, what should the total inventory value be for the following items:_____. Item Quantity Unit Cost Price Unit Market Price Total Cost Price Total Market Price Lower of Cost or Market A 220 $9 $11 $1,980 $2,420 $fill in the blank 1 B 94 $17 $13 $1,598 $1,222 $fill in the blank 2 C 42 $25 $28 $1,050 $1,176Apply the lower-of-cost-or-market method to inventory as a whole.
Answer:
$ 4252 is the lower cost price.
Explanation:
Using lower of cost price or lower of market price :
Item Total cost price Total market value Lower of cost or market price
A $ 1980 $ 2420 $ 1980
B $ 1598 $ 1222 $ 1222
C $ 1050 $ 1176 $ 1050
$ 4252
AirQual Test Corporation provides on-site air quality testing services. The company has provided the following cost formulas and actual results for the month of February:
Fixed Component per Month Variable Component per Job Actual Total for February
Revenue $280 $39,250
Technician wages $8,400 $8,250
Mobile lab operating expenses $4,800 $31 $9,290
Office expenses $2,400 $3 $2,700
Advertising expenses $1,580 $1,650
Insurance $2,870 $2,870
Miscellaneous expenses $970 $1 $425
The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,800 plus $31 per job, and the actual mobile lab operating expenses for February were $9,290. The company expected to work 150 jobs in February, but actually worked 154 jobs.
Required:
Prepare a flexible budget performance report showing AirQual Test Corporation's revenue and spending variances and activity variances for February.
Answer:
I used an excel spreadsheet since there is not enough room here. I ordered the given data:
Fixed Variable Actual Total
Revenue $280 $39,250
Technician wages $8,400 $8,250
Mobile lab operating exp. $4,800 $31 $9,290
Office expenses $2,400 $3 $2,700
Advertising expenses $1,580 $1,650
Insurance $2,870 $2,870
Miscellaneous expenses $970 $1 $425
The actual results yielded an unfavorable operating income variance. Operating income = $14,065, unfavorable variance = $2,645
2. Seller is defined as a party that makes, offers or contracts to make a sale to an actual or
potential buyer."
True of false?
Answer:
True
Explanation:
A seller is a person who agrees to exchange his goods or services with another party for money or other goods. A seller transfers ownership of the products to a buyer in exchange for money or other valuables. It is a person who sells, a salesperson, or a vendor of goods and services.
A seller requires a buyer to complete a sales transaction.
You have $135,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $49,000.
Required:
a. Does this create a disbursement float or a collection float?
b. What is your available balance?
c. What is your book balance?
Answer:
a. Does this create a disbursement float or a collection float?
A disbursement float occurs when you write a check and hand it out, but the person that receives the check hasn't cashed it yet. You do not owe the money anymore, but it still appears on your bank account.
b. What is your available balance?
your bank account balance = $135,000
c. What is your book balance?
book balance = $135,000 - $49,000 = $86,000
What is it called when a person's behavior in the workplace creates circumstances that make it difficult for someone else of a particular sex to do his or her work?
A factory worker really wants to move up in the corporation. He does his work, stays late, and is always looking for extra ways to help. He gets denied a promotion after promotion. This will most likely affect his ________.a. equityb. valencec. expectancyd. instrumentality
Answer:
equity
Explanation:
Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly demand for these connectors is units. Southeastern estimates its annual holding cost for this item to be $ per unit. The cost to place and process an order from the supplier is $. The company operates days per year, and the lead time to receive an order from the supplier is working days. a) What is the economic order quantity? nothing units (round your response to the nearest whole number).
Answer:
A. Economic order quantity= 319
B. Annual holding costs= 3,669
C. Annual ordering costs= 3,669
D. 154
Explanation:
a) Calculation for the economic order quantity
Using this formula
Economic order quantity=√2*Demand*Cost order/Annual holding cost
Let plug in the formula
Economic order quantity=√2*15,400*76/23
Economic order quantity=√2,340,800/23
Economic order quantity=√101,774
Economic order quantity= 319
b) Calculation for annual holding costs
Using this formula
Annual holding costs=Economic order quantity/2*Annual holding cost
Let plug in the formula
Annual holding costs=319/2*23
Annual holding costs= 3,669
c) Calculation for the annual ordering costs
Using this formula
Annual ordering costs=Demand/Economic order quantity*Cost order
Let plug in the formula
Annual ordering costs=15,400/319*76
Annual ordering costs= 3,669
d) Calculation for reorder point
Using this formula
Reorder point=Demand/Numbers of days the company operate per year*Lead time
Let plug in the formula
Reorder point=15,400/300 days per year*3
Reorder point= 154
Due to recent beef recalls, Southwest Steakhouse is considering incorporating. Bob, the owner, wants to protect his personal assets in the event the restaurant is sued. Requirements:1. Which advantage of incorporating is most applicable?A. A corporation has continuous life. B. There is a mutual agency among the stockholders. C. Corporations can raise more money to pay for government regulations. D. The transfer of corporate ownership is easy. E. Stockholders have limited liability.2. What are other advantages of organizing as a corporate entity? A. A corporation has continuous life. B. Start-up costs are lower than other business forms. C. The corporation is taxed separately from the shareholders. D. A majority vote is all that is required for any business decision. E. All income and expenses are split evenly among the shareholders. F. It does not allow stockholders to bind the business to a contract. G. There is no mutual agency among the stockholders and the corporation.3. What are some disadvantages of organizing as a corporation?A. Start-up costs are higher than other business forms.
B. Stockholders have limited liability.
C. The transfer of corporate ownership is easy.
D. Earnings of the corporation are subject to double taxation.
E. Ownership and management are often separated.
F. Corporations can raise more money than a proprietorship or partnership.
G. It has an indefinite life.
Answer:
D. Earnings of the corporation are subject to double taxation.
Regular corporations, not S corporation, are subject to double taxation, because the are taxed on corporate income, and taxed on dividends: stockholders pay a dividend tax when these are distributed.
E. Ownership and management are often separated.
In most corporations, specially those that are very large, management and owners are different people, something that creates the principal-agent problem: the agent (management) may not always work in the best interest of the principal (the owner) because their interests are not fully aligned.
Assume the state of Alabama placed a tax on playing cards of 6 cents per pack. If the state generated $48600 in revenue, how many packs of cards were sold?
Answer:
the number of packs of cards sold is 810,000 units
Explanation:
The computation of the number of packs of cards sold is shown below:
Tax revenue = tax per good × goods
$48,600 = 0.06 × Q
Q =$48,600 ÷ 0.06
Q = 810,000
hence, the number of packs of cards sold is 810,000 units
We simply applied the above formula so that the correct value could come
And, the same is to be considered
If Roten Rooters, Inc., has an equity multiplier of 1.63, total asset turnover of 2.50, and a profit margin of 4.3 percent, what is its ROE? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.).
ROE _________ ?? %
Answer: 17.52%
Explanation:
Equity Multiplier = 1.63
Total asset turnover = 2.50
Profit margin = 4.3%
Rate of Return = Equity Multiplier × Asset turnover × Profit margin
= 1.63 × 2.50 × 4.3%
= 1.63 × 2.50 × 0.043
= 0.175225
= 17.52% approximately
Omega Enterprises budgeted the following sales in units:
January 40,000
February 30,000
March 50,000
Omega's policy is to have 30% of the following month's sales in inventory. On January 1, inventory equaled 8,000 units. February production in units is:_________
a, 20,000.
b. 26,500.
c. 40,000.
d. 36,000.
e. 28,000
Answer:
d. 36,000
Explanation:
Given the following data,
Units;
February = 30,000
March = 50,000
In order to calculate February production in units, the sales for the month and the required ending inventory will be added together and then deduct the beginning inventory.
February Production in units ;
Sales for the month = 30,000
Ending inventory = [50,000 × 0.3] = 15,000
Beginning inventory = [30,000 × 0.3] = [9,000]
Total = 36,000 units.
Jane has always made budgets for herself. She plans her expenses according to her budget. However, despite creating plans, some unforeseen circumstance often puts her off the budget. Which course of action should Jane follow to prepare herself for unforeseen circumstances and stay on a budget?
A. Follow the plan strictly at any cost
B. Create an emergency fund
C. Follow the same plan
D. Tweak her financial goals
Answer:
C.
Explanation:
Sana makatulong
Answer:
B
Explanation:
Having an emergency fund will help cover unexpected costs.
J-Pac Co. uses the Allowance Method to account for uncollectible Accounts Receivable. If they determine that $900 of the balance owed by Matt Evans is uncollectible, the correct entry to write it off would be:
Answer and Explanation:
The correct entry to write off is shown below:
Allowance for Doubtful Accounts $900
To Accounts Receivables $900
(Being written off is recorded)
Here the allowance for doubtful accounts is debited as it increased the assets and the account receivable is credited as it decreased the assets. Also, the assets contains the normal debit balance
Many restaurants and food companies, such as Frito-Lay have made many of their products free of trans fat by changing cooking methods and oils used. Is it the responsibility of commercial industries to alter their product to keep us healthier or should we be more alert as consumers
Explanation:
It is essential that consumers are aware when choosing the companies they will consume, in relation to the food industries, it is necessary to be aware of how the food is prepared and if the ingredients will be good for our health.
In this case, the responsibility lies with the consumer, but companies follow consumer trends and consumer preferences, so it can be said that Frito-Lay has made its products healthier due to a new behavior by consumers, who are more willing to consume healthy products that generate health and well-being, then the company adapted to the market to remain competitive and profitable.
________ is the process of training and educating employees to become good managers and then developing their managerial skills over time.A) Management development
B) Vestibule training
C) Pre-mentoring
D) Self-actualization training
Answer:
A) Management development
Explanation:
Management development is the process of training and educating employees to become good managers and then developing their managerial skills over time.
Personnel management can be defined as an administrative task or function which primarily involves the process of hiring employees and developing or training them to become beneficial and valuable for the growth and development of the company.
Hence, the main purpose and focus of personnel management is to provide a quality workforce necessary to successfully achieve the organizational set goals and objectives.
This ultimately implies that, the main purpose of a training focuses is to improve an employee's performance in his or her place of work while development is focused on preparing an employee for higher positions available in an organization.
The composition of the Fingroup Fund portfolio is as follows:_________.
Stock Shares Price
A 200,000 $35
B 300,000 40
C 400,000 20
D 600,000 25
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: $10.49
Explanation:
Net Asset Value is the equity of the portfolio divided by the number of shares outstanding.
Equity = Assets - Liabilities
So,
Net Asset Value = (Assets - Liabilities) / No. of shares outstanding
Assets = (200,000 * 35) + (300,000 * 40) + (400,000 * 20) + (600,000 * 25)
= $42,000,000
Liabilities will be the accrued management fee.
Net Asset Value = (42,000,000 - 30,000) / 4,000,000
= 10.4925
= $10.49
3M Co. reports beginning raw materials inventory of $855 million and ending raw materials inventory of $717 million. Assume 3M purchased $3,646 million of raw materials and used $3,784 million of raw materials during the year. Compute raw materials inventory turnover and the number of days' sales in raw materials inventory.
Required:
Compute raw materials inventory turnover and the number of days' sales in raw materials inventory.
Monroe manufacturing has a quick ratio of 2.00x $31,000 in cash $17,500 in accounts recivable some inventory total current assets of $70,000 and total current liabilities of $24,500 the company reported annaul sales of $400,000 in the most recent annual reportOver the past year how often did Monroe manufacturing sell and replace its inventory?A) 19.05 xB) 20.96 xC) 2.86 xD) 8.01 x
Answer:
Inventory turnover ratio = 19.05 times
Explanation:
Quick ratio = (Current assets - Inventory) / Current liabilities
2 = (70,000 - Inventory) / 24,500
Inventory = $21,000
Inventory turnover ratio = Total sales / Inventory
Inventory turnover ratio = 400,000 / 21,000
Inventory turnover ratio = 19.05 times
Why is "inventory turns" an important metric?
Explanation:
The metric, number of inventory turns, aims to measure the movement of stock. The higher the turnover, the less time your inventory spends sitting in storage. The number of inventory turns, also known as stock turn, is calculated by taking the value of stock purchased, divided by the value of stock on hand
NTR Corporation has offices in both Los Angeles and San Francisco. In the Los Angeles office, the account number for cash is 1.101. In San Francisco, the account number for cash is 2.101. What type of coding system does NTR Corporation use?
Answer:
Faceted Coding
Explanation:
Faceted coding system is basically a type of sequential coding. The main difference is that the first letters or numbers of the accounting codes represent different locations, departments, business units, stores, etc.
In this case, the first 1 in 1.101 denotes the Los Angeles office, while the 2 in 2.101 denotes the San Francisco office. Each period (or underscore, etc.) represents a different cost field or category. In this example, the .101 represents cash account.
When people refer to jobs in the public sector they are referring to jobs with:
O A. The federal government
B. A local business
OC. A large corporation
D. A franchise
A company’s marketing executives should assess the __________ in terms of a general analysis of a business problem or opportunity the company is facing.a. business situationb. 5Cs
c. STP
d. ARA
Answer:
a is your answer
Explanation:
Shares of Corporation have a beta of 0.90. The market risk premium is 7%, and
the risk-free rate is 8%. Corporation paid a dividend of $1.80 per share, and the
dividend is expected to grow at 7% forever. The share currently sells for $25.
Corporation has a debt-equity ratio of 50%. Its cost of debt is 8%, before taxation,
taxation rate is 30%.
What is the weighted average cost of capital of Corporation?
Answer:
The weighted average cost of capital of Corporation is 11.4%
Explanation:
Now use following formula to calculate the weighted average cost of equity
WACC = ( Weight of equity x Cost of equity ) + ( Weight of debt x Cost of debt (after tax ) )
Weight
Equity = 100%
Debt = 50%
Cost
First we need to calculate the cost of equity using CAPM formula
Cost of equity = Risk free rate + Beta x ( Market risk premium )
Placing values in the formula
Cost of equity = 8% + 0.90 x 7%
Cost of equity = 14.3%
Cost of debt = 8%
Cost of debt (after tax ) = 8% x ( 1 - 30% ) = 5.6%
Placing values in the formula of Weighted average cost of capital
WACC = ( ( 100%/150% ) x 14.3% ) + ( ( 50% / 150% ) x 5.6% )
WACC = 9.53% + 1.87%
WACC = 11.4%
A perfectly competitive firm shuts down in the short run when:________. A. economic losses occur. B. the price is below the average total cost curve. C. the price is below the average variable cost curve. D. the price is below the average fixed cost curve.
Answer:
C. the price is below the average variable cost curve.
Explanation:
In a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
Hence, a perfectly competitive market is characterized by the following features;
1. Perfect information.
2. No barriers, it is typically free.
3. Equilibrium price and quantity.
4. Many buyers and sellers.
5. Homogeneous products.
Some examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.
A perfectly competitive firm shuts down in the short run when the price it is selling its goods (products) in the market is below the average variable cost curve.
This ultimately implies that, a business firm should only continue to be in operation when its price is above or greater than its average variable costs based on the shutdown rule.
The following is a list of prices for zero-coupon bonds of various maturities. a. Calculate the yield to maturity for a bond with a maturity of (i) one year; (ii) two years; (iii) three years; (iv) four years. (Do not round intermediate calculations. Round your answers to two decimal places.) YTM Maturity (Years) Price of Bond 920.90 $ 912.97 $ 826.62 $ 785.62 b. Calculate the forward rate for (i) the second year; (ii) the third year; (iii) the fourth year. (Do not round intermediate calculations. Round your answers to two decimal places.) Maturity (years) Price of Bond $ 920.90 912.97 826.62 785.62 Forward Rate Maturity (Years) Price of Bond $ 912.97 $ 826.62 $ 785.62
Answer:
a. Calculation of the yield to maturity for a bond with a maturity years
Yield to Maturity = [(Face value/Bond price)^(1/Time period)] - 1
i. One year = (1000/920.90) - 1 = 0.0858942339 = 8.59%
ii. Two year = (1000/912.97)^(1/2) - 1 = 0.04657835011 = 4.66%
iii. Three year = (1000/826.62)^(1/3) - 1 = 0.06552758403 = 6.55%
iv. Four year = (1000/785.62)^(1/4) - 1 = 0.06217693669 = 6.22%
b. Calculation of the forward rate
Forward rate = [(1 + Next year YTM)^Period / (1+Previous year YTM)^Period} - 1
i. Second year = (1+4.66%)^2/(1+8.59%) - 1 = 0.00872231328 = 0.87%
ii. Third year = (1+6.55%)^2/(1+4.66%) - 1 = 0.08474130517 = 8.47%
iii. Fourth year = (1+6.22%)^2/(1+6.55%) - 1 = 0.05891022055 = 5.89%
Societies choose what share of their resources to devote to consumption and what share to devote to investment. Some of these decisions involve private spending; others involve government spending.
For each form of private spending, indicate whether it represents consumption or investment.
Private Spending Consumption Investment
Laundromats buying washing machines
People buying houses
People buying newspapers
People buying food
For each form of government spending, indicate whether it represents consumption or investment.
Government Spending Consumption Investment
Payment for public safety employees
Building hospitals
Building roads
Buying military equipment
Explanation:
Note, for private spending, consumption refers to purchases usually made for present needs, while investment refers to purchases that may provide. For government spending, consumption refers to purchase made to care for the immediate welfare or needs of those governed without any monetary benefits, while investment purchases are done with the perceived future benefits in mind.
Private Spending
Laundromats buying washing machines = InvestmentPeople buying houses = InvestmentPeople buying newspapers = ConsumptionPeople buying food = ConsumptionGovernment Spending
Payment for public safety employees = InvestmentBuilding hospitals = InvestmentBuilding roads = InvestmentsBuying military equipment = InvestmentIf a consumer buys flour because he loves baking, the flour is counted as part of GDP. If a bakery buys flour as an input to bake things in order to sell, the flour is not counted as part of GDP. Briefly explain why we treat these purchases differently.
Explanation:
Remember, the GDP (Gross Domestic Product) is an economic term that refers to the total value of goods and services produced in an economy in a particular period, usually in a period of one year.
Note, the standard way of counting GDP tries to avoid double counting by noting only the final value of goods or services.
Hence, the flour bought by the consumer (the final user) is measured by the producer as output or goods produced, whereas If a bakery buys flour as an input to bake things in order to sell, the flour is not counted as part of GDP because it is not the final value of the goods as value is still going to be transferred to whatever output from the bakery (eg bread, cakes).
A home furniture store, David's Furnishings, lowers its prices below those of
their competitors, Ada's Home Store. A price war then ensues. What must the
response of Ada's Home Store have been in order for the price war to begin?
A. Ada's Home Store started a marketing campaign against David's
Furnishings and their lower quality.
B. Ada's Home Store took David's Furnishings to court in an attempt
to make them raise their prices back up.
C. Ada's Home Store raised prices to show consumers that their
products are better.
O D. Ada's Home Store lowered prices even lower than David's
Furnishings did.
Answer:
d.
Explanation:
The response of Ada's Home Store has been in order for the price war to begin as Ada's Home Store lowered prices even lower than David's Furnishings did. Thus option D is correct.
What is the Price?A price refers to the amount which takes place between two individuals when performing the exchange of goods and services. This price is determined by the willingness of both parties involved in the exchange.
A price war took place when the competitors lower their prices in order to retain more customers will create conflicts in the market.
In the given case when an organization named David's Furnishings lower its prices with its competitors to begin a price war the competitors also lower their prices in order to capture the market gain effectively.
Therefore, option D is appropriate.
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A proposed new project has projected sales of $222,000, costs of $96,500, and depreciation of $26,100. The tax rate is 24 percent. Calculate operating cash flow using the four different approaches. (Do not round intermediate calculations.)A. EBIT+Depreciation-TaxesB. Top-DownC. Tax-ShieldD. Bottom-Up
Answer: See explanation
Explanation:
Sales = $222,000
Less: Cost = $96,500
Less: Depreciation = $26100
EBIT = $99400
Less: Tax = 24% × $99400 = $23856
Net income = $75544
A. EBIT+Depreciation-Taxes
EBIT = $99400
Add: Depreciation = $26100
Less: Tax = $23856
Operating cashflow = $101644
B. Top-Down
= EBIT(1 - t) + Depreciation
= $99400(1 - 0.24) + $26100
= $75544 + $26100
= $101644
C. Tax-Shield
= (Sales - Cost)(1-t) + Depreciation (t)
= ($222000 - $96500)(1 - 0.24) + $26100(0.24)
= ($125500 × 0.76) + $6264
= $95380 + $6264
= $101644
D. Bottom-Up
= Net income + Depreciation
= $75544 + $26100
= $101644
Historically, a factory has been able to produce a very specialized nano-technology component with 35% reliability, i.e., 35% of the components passed its quality assurance test. They have now changed their manufacturing process and hope that this has improved the reliability. To test this, they took a random sample of 24 components produced using the new process and found that 13 components passed the test. If you do a hypothesis test to see if the new manufacturing process is more reliable, does this observation give you enough evidence to reject the null hypothesis at 5% level of significance? (Suggestion: Use Microsoft Excel for your calculations.)The table below shows the probability of observing number of components (X) passing the test out of 24 components, if the reliability is 35%.X Probability0 0.00001 0.00042 0.00263 0.01024 0.02895 0.06226 0.10617 0.14708 0.16829 0.161010 0.130011 0.089112 0.052013 0.025814 0.010915 0.003916 0.001217 or more 0.0004A) NoB) Yes
Answer:
Yes
Explanation:
From the given output
The Probability of getting 13 or more passed
when the reliability = 0.35. can be calculated as follows
=0.0258+0.0109+0.0039+.0012+0.0004 = 0.0422 ≈ 4.2%
Since the probability is less than the 5% level we will therefore reject the Null hypothesis
answer : YES