The question is incomplete:
Danny’s boss is apathetic as to whether Danny works at home, at the office, or from his beach house. All he cares about is that the project is completed on time, on budget, and with exemplary quality. Which characteristic of organizational culture describes this aspect of Danny’s job?
A) low risk taking
B) high outcome orientation
C) high attention to detail
D) low aggressiveness
E) high stability
Answer:
B) high outcome orientation
Explanation:
-Low risk taking is when coservative decisions are made to avoid a high possibility of losing everything.
-High outcome orientation is when a business has high expectations and is focus on having good results.
-High attention to detail is when companies want their employees to focus on precision and attention to detail.
-Low aggressiveness is when people are not competitive.
-High stability is when the activities are focused on maintaining the existing structure.
According to this, the answer is that the characteristic of organizational culture that describes this aspect of Danny's job is high outcome orientation because his boss is focused on getting good results.
The revocation or suspension of a federal covered investment adviser's registration under the Investment Advisers Act of 1940 may be appealed A) to the United States Supreme Court because the Investment Advisers Act of 1940 is federal legislation, unlike the Uniform Securities Act, which is a model for state securities legislation B) through arbitration with the Financial Industry Regulatory Authority (FINRA) C) by petition to the appropriate state securities Administrator D) to the U.S. Court of Appeals serving the district where the order was issued within 60 days of its issuance
Answer:
D) to the U.S. Court of Appeals serving the district where the order was issued within 60 days of its issuance.
Explanation:
An investment adviser is an individual or group of people who professionally advise others with information on investing in securities such as bonds or stocks.
The revocation or suspension of a federal covered investment adviser's registration under the Investment Advisers Act of 1940 may be appealed to the U.S. Court of Appeals serving the district where the order for revocation or suspension was issued within 60 days of its issuance.
Under Section 213 of the Investment Advisers Act of 1940, any individual or party who has their license revoked or suspended by a Commission may appeal and obtain a review of such order in the US Court of Appeals within serving the district where the order was issued within 60 days of its issuance, through a written petition pleading that it be modified or set aside by the court in whole or in part.
As the owner of 100 shares of Megabux Corporation’s stock, Lara Sanders wants to know whether her company earned a profit or loss during the past year. She can find the answer to this by looking at Megabux’s:
Answer:
Income statement
Explanation:
A company's income statement includes all the revenues and expenses that a company incurred during a certain accounting period (monthly, quarterly, annual). It starts with the revenues and then the expenses and costs are subtracted until you find the company's net income.
Patricia is a team leader. When looking at an e-mail from one of her team members, Patricia noticed that the e-mail was sent at 9:30 in the evening. The next day she personally went to the employee’s cubicle and told him how much she appreciated him staying late to get the project to the client on time. Which aspect of creating a positive organizational culture is Patricia utilizing?
The options in this question are missing; here are the options:
Which aspect of creating a positive organizational culture is Patricia utilizing?
A. Rewarding more than punishing
B. Building on organization strengths
C. Emphasizing individual growth
D. Building on employee strengths
E. Providing extrinsic rewards
The answer to this question is A. Rewarding more than punishing
Explanation:
One important factor in creating a positive organizational culture is to make employees feel appreciated and recognizing their efforts. This can be achieved through the rewarding more than punishing strategy, which implies focusing on positive actions and aspects rather than on negative aspects. Besides this, as part of the recognition of positive aspects employees or members of a team are rewarded, which includes verbal praise.
This strategy is used by Patricia because she has decided to focus on the effort the employee made by sending the e-mail at 9:30 p.m. because this showed the effort he was making and how much time he is dedicating to the job. Also, as part of recognizing the employee's effort, Patricia uses verbal praise, which a reward.
In hopes of earning a few dollars on belongings they no longer use or want, some people take their household items to consignment shops, while other people sell their items on eBay. Which method of selling can be argued to have more structural holes?
Answer:
Selling through a consignment shop
Explanation:
Structural holes refer to a situation in which parties in a network are not able to interact.
A consigment shop is a store where you can take things to sell and the owner decides a price to pay and then, the objects are sold to someone else at a higher price and the owner gets a profit.
eBay is an online shopping site that allows people to sell things directly to buyers.
According to this, the answer is that the method of selling that can be argued to have more structural holes is selling through a consignment shop because buyers can't negotiate directly with the sellers which they can do in eBay.
A seller is under contract to sell a property using the standard offer to purchase and contract. The elegantly decorated master bedroom has vertical window blinds, hand-painted light switches and electrical outlet covers and draperies fashioned from fabric coordinated with the wallpaper. Which of the following items may the seller legally remove before the close of the transaction?
a. the draperies and blinds.
b. the hand-painted light switches and electrical outlet covers.
c. the draperies.
d. none of the items.
Answer: The draperies
Explanation:
Fron the question, we are informed that a seller is under contract to sell a property using the standard offer to purchase and contract.
The seller can legally remove the draperies before the close of the transaction. It should be noted that under the NCBA/NCAR contract , all other items in the list are regarded as fixtures that are meant to remain along with the property but the draperies is not listed among them and therefore may be removed.
Coastharp, a furniture e-commerce website, allows its customers to book one-hour slots during which they wish to get their furniture delivered. They can also book another one-hour slot to get the delivered furniture assembled at their convenience. The company holds back orders and delays deliveries when customers are not available to receive them. In the context of marketing, which of the following utilities does Coastharp most likely provide through its service?
A. Form utility
B. Time utility
C. Possession utility
D. Ownership utility
Answer:
b
Explanation:
Form utility is a type of nullity that occurs as a result of the design of the product or service itself.
Time utility exists when a company makes a good or service available to consumers at the time that is most desirable or convenient for them.
Possession utility is utility derived from owning a product
An investment adviser representative who makes extensive use of third-party research to formulate portfolio recommendations to clients A) need not disclose that fact to the clients B) must disclose that fact to the clients C) is in violation of his fiduciary responsibility as IARs may only use research provided by the firm D) must obtain consent of the clients to use third-party research
Answer: A) need not disclose that fact to the clients
Explanation: An investment adviser representative need not disclose the fact that he/she uses third-party research to formulate portfolio to the clients and the reason is this: It is not necessary to disclose what sources an investment adviser representative uses as the basis for portfolio recommendations, and thus is never in violation of his fiduciary responsibility. However, if the third-party research used is to be distributed to his clients, then, proper attribution is required.
Mauve Inc. purchased a global data collection and management system that provides detailed information about each of its customers. Using this information, Mauve is able to identify the individual needs of all its customers and provide tailored products and services. This scenario illustrates the concept of:
Answer:
Mass customization
Explanation:
Mass customization can be defined as the way in which a company or an individual produce large or mass amount of product that meet their customers wants and needs and this is happen when the company or the organisation identify the individual needs of all their customers and provide tailored products and services thereby offering the customers a range of features they can either add or subtract.
Therefore In MASS CUSTOMIZATION it is important for the company or organisation to focus on developing variety of unique mass products that will satisfy their customers needs and by doing this it will lead to higher or greater retention of their customers reason been that the products have options which are tailored to personal tastes of the customers .
Carlton Company uses the percent of sales method to estimate its bad debt expense. Based on past experience, the company estimates 2 percent of credit sales to be uncollectible. At the end of the current year, the company's unadjusted trial balance shows Accounts Receivable of $245,000 and Credit Sales of $900,000. Prepare the necessary December 31 adjusting entry by selecting the account names and dollar amounts from the drop-down menus.
Answer and Explanation:
The Journal entry is shown below:-
Bad debts expense Dr, $18,000 ($900,000 × 2%)
To Allowance for doubtful accounts $18,000
(Being bad debt expense for the year is recorded)
Here we debited the bad debt expenses as it increased the expenses and we credited the allowance for doubtful accounts as it decrease the value of the assets
When launching a new venture, finding a way to begin doing business must ______________ generate cash flow, build credibility, attract good employees, and overcome the liability of newness.
Answer: evaluate
Explanation:
Downtown Contractors LLC and Equipment Rental Corporation are parties to an oral agreement for a one-year lease of a crane with payments totaling more than $10,000. They may satisfy the Statute of Frauds by
Answer:
The answer is "setting out the terms in a memo".
Explanation:
Its memo tool would be a lot simpler at the top users write "Memo" regarding for the in-line, it is a Dateline, as well as a Sujet line. It usually publishes a notice as well as send inside of one's small company to relevant authorities.
The very last aspect of the note could involve a stamp mostly on the bottom of its client, but it's not necessary. Immediately sign its stamp and make the "contract" mostly on memo formally and then let the audience know from whence the document did come exactly.
St. Thomas Company is planning to issue $1,000 par value bonds. The bonds will have a coupon rate of 9.5 percent and will be sold at a market price of $980. Flotation costs will amount to 4 percent of market value. The bonds will mature in 15 years and coupon payments will be semi-annual. St. Thomas' marginal tax rate is 35%. What is the firm's cost of debt financing?
Answer:
the firm's cost of debt financing = 6.682 %
Explanation:
Given that:
St. Thomas Company is planning to issue $1,000 par value bonds.
Bond coupon rate = 9.5
which will be sold at $980
Floating cost = 1 - 4 % of the market value
The bonds will mature in 15 years and coupon payments will be semi-annual .i.e Period = 15 × 2
Marginal tax rate = 35%
The objective is to determine the firm's cost of debt financing
From the information given ; we can use the EXCEL Spreadsheet to compute the value for the cost of debt then after that we will be able to find the firm's cost of debt financing.
The following data will be inserted into the Excel function (=RATE(15*2;0.095/2 *1000;-980*(1-4%);1000) )
Future value Fv= 1000
Payment Pmt =0.095/2 *1000
number of period Nper= 15 × 2
Present value Pv= -980 × (1 - 4%)
Output = 0.051413309 [tex]\approx[/tex] 5.14%
The Screenshot of the Excel Computation is also shown in the attached file below.
Pre tax cost of debt = 2 × cost of debt
Pre tax cost of debt = 2 × 5.14% = 10.28%
FInally ;
the firm's cost of debt financing = Pre-tax cost of debt × (1 - Tax rate)
where the marginal tax rate = 35%
the firm's cost of debt financing = 10.28% × (1 - 35%)
the firm's cost of debt financing = 0.1028 ×( 1 - 0.35)
the firm's cost of debt financing = 0.1028 × 0.65
the firm's cost of debt financing =0.06682
the firm's cost of debt financing = 6.682 %
If the average amount of time a product goes without failing decreased by some amount, that product's availability could nevertheless be maintained at previous levels by __________ its __________.
Answer: reducing; time required for repair
Explanation:
The options to the question are:
A. increasing; reliability
B. reducing; time required for repair
C. reducing; reliability
D. reducing; reparability
E. increasing; time required for repair
If the average amount of time a product goes without failing decreased by some amount, that product's availability could nevertheless be maintained at previous levels by reducing its time required for repair.
When the time required for repair is reduced or at a minimal level, this will ensure that the product is always available.
On behalf of the rock group Uno, their manager Thalia agrees to a performance in Seaside Amphitheatre on July 4. Rex, acting for Seaside Productions, sends a written copy of the agreement to Thalia to be signed. Typically, businesspersons put their contracts in writing to
Answer: ensure proof of the contracts' existence
Explanation:
From the question, we are informed that on behalf of the rock group Uno, their manager Thalia agrees to a performance in Seaside Amphitheatre on July 4. Rex, acting for Seaside Productions, and then sends a written copy of the agreement to Thalia which was to be signed.
The main reason why businesspersons put their contracts in writing is in order to make sure that there is a proof regarding the existence of a contract. Without duly signing a contract, it means there is no proof and this can cause a lot of havoc in the future. The signature on contracts make it legitimate.
________ marketing is about making sure the brand and its marketing are as personally relevant as possible to as many customers as possible–a challenge, given that no two customers are identical.
Answer:
personalized
Explanation:
The term being described in this question is known as personalized marketing. Also known as one-to-one marketing or individual marketing, this marketing strategy is when organizations use specific generalized data analysis and digital technology in order to deliver special personalized advertisement messages to a select group of potential customers. This is done in order to get the right product in front of the right people who are more likely to buy that product.
Which of the following is the best characterization of sociocultural forces? a firm's culture, norms, and values a competitor's culture, norms, and values a focus group's culture, norms, and values a society's culture, norms, and values
Answer:
a society's culture, norms, and values
Explanation:
From the name socio + cultural indicates best how the culture, norms and values affect a society.
Often times the term culture refers to the general way of life of the members of a particular society. While the term norms and values refers to acceptable standards within a particular society. All this terms characterizes sociocultural forces.
Choose the correct statement. A. The cost of producing one more unit of a good or service is its marginal cost, which is the minimum price that producers must receive to induce them to offer to sell another unit of the good or service. B. The cost of producing one more unit of a good or service is the producer's marginal cost, and we measure marginal cost as the area above the supply curve and below the market price. C. The price of one more unit of a good or service is its marginal cost. D. The cost of producing one more unit of a good or service is equal to the market price.
Answer:
A. The cost of producing one more unit of a good or service is its marginal cost, which is the minimum price that producers must receive to induce them to offer to sell another unit of the good or service.
Explanation:
Marginal cost is the cost that incurred to produced additional units of output.
According to the given situation, the actual cost of generating one additional unit by the manufacturer is essentially zero. Suppose a supplier produces 10 units at a total price of 100 and he will have to invest more than 10 to produce the 11th unit which makes the total cost 110. And the manufacturer invested 10 extra directly to create the 11th device.
Therefore from the above explanation the correct answer is A.
Taylor s has a beta of .78 and a debt-to-equity ratio of .2. The market rate of return is 10.6 percent, the tax rate is 34 percent, and the risk-free rate is 1.4 percent. The pretax cost of debt is 6.1 percent. What is the firm's WACC
Answer: 7.82%
Explanation:
Given the following :
Beta (B) = 0.78
Debt to equity ratio = 0.2
Market rate of return (Rm) = 10.6% = 0.106
Tax rate (T) = 34% = 0.34
Risk free rate (Rf) = 1.4% = 0.014
Pretax cost of debt (Kd) = 6.1% = 0.061
WACC =
Cost of equity (Ke) = Rf + (Rm - Rf) * B
Ke = 0.014 + (0.106 - 0.014) * 0.78
Ke = 0.014 + (0.092)*0.78
Ke = 0.014 + 0.07176
Ke = 0.08576
Equity (E) = 1
Debt (D) = 0.2
Total volume of company's finance (V) = 1+0.2 = 1.2
WACC = (E/V)*Ke + (D/V)*(1 - T)*Kd
WACC = [(1/1.2)*0.08576] + [(0.2/1.2)*(1 -0.34)*0.061
WACC = [0.0714666 + 0.00671]
WACC = 0.0781766 = 0.0782 = 7.82%
Suppose a competitive firm pays a wage of $12 an hour and sells its product at $3 per unit. Assume that labor is the only input. If hiring another worker would increase output by five units per hour, then to maximize profits the firm should Group of answer choices
Answer:
The answer is 'hire the additional worker'
Explanation:
The firm should hire the additional worker.
An organization should hire additional workers to increase its profits if the marginal revenue product of labor is more than the wage rate.
Let's do the calculation:
The firm sells the product at $3
And hiring another product will increase the output by 5units
The total cost will be 3 x 5
= $15
And the firm pays the labour $13 for producing the 5 units.
The gain is $2 ($15 - $13).
Therefore, the firm should hire the additional worker.
Countries A, B, and C are at a particular level of economic integration. All these countries enjoy reduced or eliminated internal tariffs on trade between them and have added a common external tariff on products imported from countries outside the union. If these countries remove all restrictions on the free flow of capital and labor among themselves, they represent a Multiple Choice free trade area. common market. political union. preferential trade area. regional cooperation group.
Answer:
Common market.
Explanation:
In this scenario, Countries A, B, and C are at a particular level of economic integration. All these countries enjoy reduced or eliminated internal tariffs on trade between them and have added a common external tariff on products imported from countries outside the union. If these countries remove all restrictions on the free flow of capital and labor among themselves, they represent a common market.
A tariff can be defined as a form of taxation employed by a country and applies to imported goods or services from another country.
A common market refers to a formal organization of countries who have collectively agree to trade freely with one another with reduced or eliminated internal tariffs but imposes a common external tariff on trade with other countries. It was founded in 1958 and was made up of countries like Luxembourg, France, Belgium, Netherlands, West Germany and Italy.
The main purpose and advantage of the common market is that, it avails member countries the opportunity to move goods, people, services and capital freely.
Bob is a self-trained painter who works near Maggie Valley, North Carolina, in the Smoky Mountains. When customers come to his studio he studies their interest and tries to gauge how much they would pay for a piece, attempting to get as much money as possible from each customer. This is an example of which type of price discrimination
Answer: first degree price discrimination
Explanation:
From the question, we are informed that Bob is a self-trained painter who works near Maggie Valley, North Carolina, in the Smoky Mountains and that when customers come to his studio he studies their interest and tries to gauge how much they would pay for a piece, attempting to get as much money as possible from each customer.
This is na example of first degree price discrimination as the price being charged to the customers is actually based on what they can afford to pay.
A mortgage-loan officer persuades unsuspecting consumers to sign up for exotic mortgages, such as "option ARMs." These mortgages offer borrowers the choice to pay less than the required interest, which is then added to the principal while the interest rate can adjust upward. Because of this setup, many borrowers are unable to repay the mortgage once the interest rates go up. Which of the following phrases best describes this scenario? (CSLO 4)
A. legal but not ethical
B. legal and ethical
C. neither legal nor ethical
D. ethical but not legal
Answer: A. legal but not ethical
Explanation: Introducing mortgage plans to consumers in other to cater for their needs by a mortgage-loan officer is not a legal crime which will be penalized by the law. However, it is an ethical obligation on the path of the mortgage-loan officer to explain the modalities attached to a certain mortgage plan to consumers, both the advantages and the demerits. In the options ARM mortgage plan, it affords consumers to pay below the interest rate on the mortgage, this short paid interest are later added to the principal and the rates increases. This may cause a lot more harm than good to consumers who do not have detailed knowledge of this particular loan process.
The following production data were taken from the records of the Finishing Department for July:
Inventory in process, March 1, 30% completed 4,000 units
Transferred to finished goods during March 38,500 units
Ending work in process during March, 40% completed 3,500 units
Determine the total equivalent units for direct materials, assuming that the first-in, first-out method is used to cost inventories. Assume that all direct materials are placed in process at the beginning of production.
Answer:
38,000 units
Explanation:
The computation of the total equivalent units for the direct material using the FIFO method is shown below:
= Completed and transferred units × completion percentage + ending work in process units × completion percentage
= (38,500 units - 4,000 units) × 100% + 3,500 units × 100%
= 34,500 units + 3,500 units
= 38,000 units
Which of the following will be a source of cash flows for a shareholder of a certain stock? I. Sale of the shares at a future date II. The firm in which the shares are held paying out cash to shareholders in the form of dividends III. The firm in which the shares are held increasing the total number of shares outstanding through a stock split A. I only B. II only C. I and II D. II and III
Answer:
C
Explanation:
Ownership of a stock in a company gives the holder of the share the right to receive dividends.
dividends are a portion of the firm's earnings that are paid out to shareholders.
also, if the shareholder decides to sell his shares in the future, the shareholder would receive cash in exchange for his shares.
a stock split is when the company decides to increase the number of shares outstanding by a certain number. e.g. a 2 for 1 split. in a stock split, there is no cash flow.
If the predetermined overhead allocation rate is 250% of direct labor cost and the Finishing Department's direct labor cost for the reporting period is $20,000, the following entry would record the allocation of overhead to the products processed in this department:
Work in Process Inventory, Finishing Dept 50,000 Factory Overhead 50,000
a) True
b) False
Answer:
a) True
Explanation:
The following entry would be recorded to allocate the overhead to the products processed
Date Account&Explanation Debit Credit
Work in progress, Finishing department $50,000
($20,000 * 250%)
Factory Overhead $50,000
(To allocate the overhead)
Explanation: Work in process account would be debited to accumulate the manufacturing overhead to the cost of the product
And, factory overhead would be credited to charge such expenses to the product
Conclusion: The given journal entry is correct.
A free rider is a(n) Group of answer choices interest group that files an amicus curiae brief. person who enjoys the benefits of a collective good, action, or service without any effort on their part. a person who receives the services distributed by a monopoly. member of a public interest group.
Answer: Person who enjoys the benefits of a collective good, action, or service without any effort on their part.
Explanation:
In Economics, Free riders are people who benefit from resources and/or goods that are communal in nature and yet either do not pay or pay an insubordinate amount for enjoying same. Essentially they enjoy the benefits of a collective good without any effort on their part.
As a result, the good might become overused and degraded as it is not being maintained enough.
Select all that apply GAAP and IFRS rules ______. require that the same method be used for both internal and external segment reporting create incentives for companies to use the contribution margin format in segment reporting require segmented financial data be included in annual reports create problems in reconciling internal and external reports
Answer:
The correct options are "A, C, and D".
Explanation:
GAAP becomes regarded as a relatively 'rules-based' management framework, seems to be the accounting technique used throughout the United StatesIFRS becomes quite 'principles-based', although this would be the accounting framework used in more than 110 countries throughout the globe.These allow the same approach being used for international and domestic section reporting, which generate reconciliation issues.
A homeowner has a mortgage balance of $149,570.75. If the interest rate on the loan is 9.5% and the monthly payment is $1,303.55 what will be the mortgage balance after the next two payments?
Answer:
Principal balance at the end of year 2 = 149,330.9079
Explanation:
Loan Amortization: A loan repayment method structured such that a series of equal periodic installments will be paid for certain number of periods to offset both the loan principal amount and the accrued interest.
We will use the following relationships:
Interest paid = Interest rate × loan balance
Principal paid = Monthly installment - Interest paid
Principal balance= loan balance - principal paid
Year 1
Interest paid = 9.5%/12 × 149,570.75 = 1,184.101
Principal paid in year 1 = 1,303.55 - 1,184.101 = 119.448
Principal balance = 149,570.75 - 119.448= 149,451.3018
Year 2
Interest paid = interest rate × loan balance in year 1 = 1183.156
Interest paid = 9.5%/12 × 149,451.3018 = 1183.156
Principal paid = 1,303.55 - 1183.156139 = 120.393
Principal balance at the end of year 2= Principal balance in year 1 - Principal paid in year 2
= 149,451.3018 - 120.393861 = 149330.9079
Principal balance at the end of year 2 = 149,330.90
A married man with a wife, a 10-year-old son, and a job that brings in $57,000 a year purchases life insurance. He uses the single parent method to determine how much to insure his wife's life. How much should the policy pay out
Answer:
$80,000
Explanation:
The calculation is fairly simple, just subtract the child's age from 18 = 18 - 10 = 8 years, and then multiply by $10,000.
The single parent method generally recommends that the parent that stays at home (in this case the wife) must be insured for approximately $10,000 for each year that the child needs to reach 18 and become an adult.
The likelihood of a risk event occurring during the implementation of a project goes up as the project progresses. The cost impact of these risk events also goes up as the project progresses.
a. True
b. False
Answer: True
Explanation:
Projects are carried out with the consideration that risk would definitely occur, and during the analysing phase of any project all risk that would evolve are carefully studied and proactive solutions are provided. When starting projects there is definitely a high risk due to the energy of how the work would go but careful implementation helps curb the situation.