Answer:
Direct labor= $62,650
Explanation:
Giving the following information:
In May direct labor was 35% of conversion cost.
The manufacturing overhead for the month was $116,350.
The conversion costs are the sum of the direct labor and the manufacturing overhead:
Overhead= 65%= 116,350
Direct labor= 35%= ?
First, we need to determine the total amount of conversion costs:
Conversion costs= 116,350/0.65= 179,000
Now, the direct labor cost:
Direct labor= 179,000*0.35
Direct labor= $62,650
Suppose the price level and value of the U.S. Dollar in year 1 are 1 and $1, respectively. Instructions: Round your answers to 2 decimal places. a. If the price level rises to 1.55 in year 2, what is the new value of the dollar
Answer: $0.65
Explanation:
The Price Level and the value of a currency are inversely related because inflation erodes the value of the currency. Therefore if the price level increases, the value of the currency drops. The reverse is true.
The formula therefore is is;
New Value = [tex]\frac{1}{Price Level}[/tex]
New Value = [tex]\frac{1}{1.55}[/tex]
New Value = 0.6452
New Value = $0.65
ack Hammer invests in a stock that will pay dividends of $3.06 at the end of the first year; $3.42 at the end of the second year; and $3.78 at the end of the third year. Also, he believes that at the end of the third year he will be able to sell the stock for $56. What is the present value of all future benefits if a discount rate of 13 percent is applied
Answer:
$46.82
Explanation:
Present value is the sum of discounted cash flows
present value can be calculated using a financial calculator
Cash flow in year 1 = $3.06
Cash flow in year 2 = $3.42
Cash flow in year 3 = $3.78 + $56 = $59.78
I = 13%
Present value = $46.82
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
The company is considering the purchase of machinery and equipment to set up a line to produce a combination washer-dryer. They have given you the following information to analyze the project on a 5-year timeline:
Initial cash outlay is $150,000, no residual value.
Sales price is expected to be $2,250 per unit, with $595 per unit in labor expense and $795 per unit in materials.
Direct fixed costs are estimated to run $20,750 per month.
Cost of capital is 8%, and the required rate of return is 10%.
They will incur all operational costs in Year 1, though sales are expected to be 55% of break-even.
Break-even (considering only direct fixed costs) is expected to occur in Year 2.
Variable costs will increase 2% each year, starting in Year 3.
Sales are estimated to grow by 10%, 15%, and 20% for years 3 - 5.
Then to calculate:
The product’s contribution margin
Break-even quantity
NPV
IRR
Finally:
Explain how the project analyses do or do not support this decision.
In either case, what are the factors that should have been considered in management’s decision?
Answer:
Break-even quantity = 290 units
NPV = -$150,038.78
IRR = -12.07%
This project should be rejected because it has a negative NPV and IRR. You would not be able to even recover your own investment, the sales output is too small.
Explanation:
initial outlay -$150,000
selling price per unit $2,250
production costs:
labor $595materials $795total fixed costs $20,750
contribution margin per unit = $2,250 - ($595 + $795) = $860
contribution margin year 3 = $2,250 - $1,417.80 = $832.20
contribution margin year 4 = $2,250 - $1,446.16 = $803.84
contribution margin year 4 = $2,250 - $1,475.08 = $774.92
in order to calculate the break even point in units we must determine the total fixed costs per year = $20,750 x 12 = $249,000
break even point in units = $249,000 / $860 = 289.5 ≈ 290 units
sales during first year = 290 x 55% = 159.5 ≈ 160 units
sales during second year = 290 units
sales during third year = 290 x 1.1 = 319 units
sales during fourth year = 319 x 1.15 = 366.85 ≈ 367 units
sales during fifth year = 367 x 1.2 = 440.4 ≈ 440 units
net cash flow year 1 = $137,600 - $249,000 = -$111,400
net cash flow year 2 = $249,400 - $249,000 = $400
net cash flow year 3 = $265,471.80 - $249,000 = $16,471.80
net cash flow year 4 = $295,009.28 - $249,000 = $46,009.28
net cash flow year 5 = $340,964.80 - $249,000 = $91,964.80
using a financial calculator and a 10% discount rate, NPV = -$150,038.78 and IRR = -12.07%
In this exercise we have to use finance knowledge to calculate the quantity and taxes calculated on the product, so we have to:
1) [tex]Break-even \ quantity = 290 units\\NPV = -$150,038.78 \\IRR = -12.07%[/tex]
2) This project should be rejected because it has a negative NPV and IRR. You would not be able to even recover your own investment, the sales output is too small.
Given the values in the text of:
Initial outlay [tex]\$150,000[/tex] Selling price per unit [tex]\$2,250[/tex] Labor [tex]\$595[/tex] Materials [tex]\$795[/tex] Total fixed costs [tex]\$20,750[/tex]
Now calculating the margin for each unit we find that:
Contribution margin per unit: [tex]\$2,250 - (\$595 + \$795) = \$860[/tex] Contribution margin year 3: [tex]\$2,250 - \$1,417.80 = \$832.20[/tex] Contribution margin year 4: [tex]\$2,250 - \$1,446.16 = \$803.84[/tex] Contribution margin year 5: [tex]\$2,250 - \$1,475.08 = \$774.92[/tex]Knowing that break even point in units it is worth it 290, we have to:
Sales during year 1: [tex]290 * 55\% = 159.5 = 160 \ units[/tex] Sales during year 2: [tex]290 \ units[/tex]Sales during year 3: [tex]290 * 1.1 = 319 \ units[/tex] Sales during year 4: [tex]319 * 1.15 = 366.85 = 367 \ units[/tex] Sales during year 5: [tex]367* 1.2 = 440.4= 440\ units[/tex]
So to calculate the net cash we found that:
Net cash flow year 1: [tex]\$137,600 - \$249,000 = -\$111,400[/tex] Net cash flow year 2: [tex]\$249,400 - \$249,000 = \$400[/tex] Net cash flow year 3: [tex]\$265,471.80 - \$249,000 = \$16,471.80[/tex] Net cash flow year 4: [tex]\$295,009.28 - \$249,000 = \$46,009.28[/tex] Net cash flow year 5: [tex]\$340,964.80 - \$249,000 = \$91,964.80[/tex]
See more about finance at brainly.com/question/10024737
Allison Cobb sells homemade knit scarves for $ 25 each at local craft shows. Her contribution margin ratio is 60%. Currently, the craft show entrance fees cost Allison $ 900 per year. The craft shows are raising their entrance fees by 10% next year. How many extra scarves will Allison have to sell next year just to pay for rising entrance fee costs? Begin by identifying the general formula to compute the breakeven sales in units.
Allison will have to sell 6 extra scarves next year just to pay for rising entrance fee costs.
Explanation:Formula :
Break-Even point ( in units)= Fixed Costs ÷ (Sales price per unit – Variable costs per unit)
Given, Price of knit scarves = $25
Contribution margin ratio = 60%
Contribution margin per unit = (Price of knit scarves) x (Contribution margin ratio )
= $(25 x 0.60 )
= $15
Current entrance fees = $900
Percentage in increase in entrance fees = 10%
Increase in entrance fees = 10% of $900 = $90
Extra scarves to be sold [tex]=\dfrac{\text{Increase in extrnace fees}}{\text{Contribution margin per unit}}[/tex]
[tex]\\\\=\dfrac{90}{15}=6[/tex]
Allison will have to sell 6 extra scarves next year just to pay for rising entrance fee costs.
Brodrick Company expects to produce 21,400 units for the year ending December 31. A flexible budget for 21,400 units of production reflects sales of $470,800; variable costs of $64,200; and fixed costs of $141,000.
If the company instead expects to produce and sell 27,000 units for the year, calculate the expected level of income from operation
Answer is not complete.
---Flexible Budget--- ---Flexible Budget at---
Variable Amount Total Fixed 21,400 27,000
per Unit Cost units units
Sales $ 22.00 $ 470,800 $ 594 000
Variable cos! 3.00 64,200 81,000
Contribution margin $ 1900 $ 406,600 $ 513.000
Fixed costs 141,000
Income from operations $ 406,600 $ 513,000
Answer:
Income from operations for 21,400 units
$ 406,600
Income from operations for 27,000 units
$ 513,000
Explanation:
Calculation for the expected level of income from operation for Brodrick Company
Flexible budget Flexible budget at
Variable amount per unit Total fixed cost
21,400 units 27,000 units
Sales $ 22.00 $ 470,800 $ 594 000
Variable cost 3.00 64,200 81,000
Contribution margin $ 19.00 $ 406,600 $ 513.000
Fixed costs 141,000 141,000 141,000
Income from operations $ 406,600 $ 513,000
Note:
Sales (21,400 units)
$ 470,800/21,400 units
$ 22.00
Sales (27,000 units)
$22*27,000 units
$594,000
Variable cost (21,400 units)
$64,200/21,400 units
$ 3.00
Variable cost (27,000 units)
$3*27,000 units
$81,000
Contribution margin =Sales - Variable cost
You have a portfolio that is invested 16 percent in Stock A, 36 percent in Stock B, and 48 percent in Stock C. The betas of the stocks are .61, 1.16, and 1.45, respectively. What is the beta of the portfolio
Answer:
Beta= 1.2112
Explanation:
Giving the following information:
Stock A:
Proportion= 0.16
Beta= 0.61
Stock B:
Proportion= 0.36
Beta= 1.16
Stock C:
Proportion= 0.48
Beta= 1.45
To calculate the beta of the portfolio, we need to use the following formula:
Beta= (proportion of investment A*beta A) + (proportion of investment B*beta B) + (proportion of investment C*beta C)
Beta= (0.16*0.61) + (0.36*1.16) + (0.48*1.45)
Beta= 1.2112
Game theory is useful for understanding oligopoly behavior because: there are so many firms in an oligopoly that all are price takers. firms must differentiate their products if they are to remain in business. firms recognize that because there are only a few firms mutual interdependence is important. without it firms would not be able to maintain cartel agreements. it allows firms to develop greater monopoly power.
Answer:
firms recognize that because there are only a few firms mutual interdependence is important.
Explanation:
Game theory is useful for understanding oligopoly behavior because firms recognize that because there are only a few firms mutual interdependence is important.
An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.
Hence, under the game theory, when firms makes a decision about their business, it is expected that they consider how the other firms would react to such decisions.
Gaines Corporation invested $126,000 to acquire 26 comma 000 shares of Owens Technologies, Inc. on March 1, 2018. On July 2, 2019, Owens pays a cash dividend of $ 3.25 per share. The investment is classified as equity securities with no significant influence. Which of the following is the correct journal entry to record the transaction on July 2, 2019?
a. Cash 78,000
Equity Investments 78,000
b. Cash 78,000
Retained Equipment 78,000
c. Equity Investments 78,000
Cash 78,000
d. Cash 78,000
Dividend Revune 78,000
Answer:
Cash Dr, $84,500
Dividend revenue $84,500
Explanation:
The Journal entry is shown below:-
Cash Dr, $84,500 (26,000 × $3.25)
To Dividend revenue $84,500
(Being dividend is recorded)
To record the dividend, we debited the cash as it increased the assets and we credited the dividend revenue as it also increased the revenue
Therefore the above entry is the right and the same is not given in the option.
21. Preferred stock pays quarterly dividend of $3 a share. If investors require 12% return on a stock of a similar risk level, what is the price
Answer: $100
Explanation:
A value of a Preferred Stock is calculated like a perpetuity which means that it is derived by dividing the cash-flow by the annual interest rate.
This Stock pays $3 per quarter. It will pay _____ per year;
= $3 * 4
= $12
Value of Preferred Stock = [tex]\frac{Annual Cash-flow}{Annual Interest}[/tex]
= [tex]\frac{12}{0.12}[/tex]
= $100
Write a two- to three-paragraph response discussing whether you think the patent system is useful and beneficial. Why do you think the patent system is or is not working
Answer:
The answer is below
Explanation:
Patent is a term that describes a governmental grant or legal right to inventors of an intellectual property, to refrain or stop others from making, using, selling or importing their invention to and from other country.
Patent system is useful and beneficial because of the following reasons:
1. It allows an inventor the right to stop others from copying, manufacturing, selling or importing individual's invention without the person's permission. This will surely encourage invention from other people, which will lead to more technological advancement in the country.
2. It gives an inventor protection for a pre-determined period. This helps to refrain competitors from competing with the inventor, and in turn, leads to profit maximization for the inventor.
3. It also allows the inventor to license patent for others to use it or can sell. This can be considered as a great source of revenue for inventor's business, by collecting royalties from a patent they have licensed, often in a combination with a registered design and trade mark.
Assume that on September 30, 2017, Flyair, an international airline based in Germany, purchased a Jumbo aircraft at a cost of euro 45,000,000 (euro is the symbol for the euro). Flyair expects the plane to remain useful for four years (4,000,000 miles) and to have a residual value of euro 6,000,000. Flyair will fly the plane 350 comma 000 miles during the remainder of 2017. Compute LuxAir's depreciation on the plane for the year ended December 31, 2015, using the following methods:
a. Straight-line
b. Units-of-production
c. Double-declining-balance
Which method would produce the highest net income for 2015? Which method produces the lowest net income?
Answer: Highest income=The units of Production method of depreciation with $3,412,500
Lowest income=double declining depreciation method with $18,000,000
Explanation:
a) Using Straight line depreciation method
(Cost of value - Salvage value)/ Useful life =(45,000,000 -6,000,000)/5 =$7,800,000
b)Using Units-of-production depreciation method
Depreciation Expense = (Cost – Salvage value) x (Number of units produced / Life in number of units)
=45,000,000 -6,000,000) x (350,000/4,000,000)= $3,412,500
b)Using Double-declining-balance depreciation method
Depreciation Expense = Beginning book value x Rate of depreciation
Rate of depreciation = 100% / useful life x 2= 100/5 x2 = 40 %
Depreciation expense = 40 % x $45,000,000 =$18,000,000
or you use this method directly= 45,000,000/5 x 2= $18,000,000
Now the highest income will come from the depreciation with least expense and from our calculation, the depreciation method with the least expense is from The units of Production method with $3,412,500
In the same vein, the lowest income will come from the most depreciation expense, therefore the most depreciation expense is from the double declining method with $18,000,000
In a duopoly game we observe the following payouts: if the two firms collude they will each earn $50,000. If one firm cheats then he earns $60,000 and the other firm earns -$10,000. If both firms cheat then they each earn zero economic profit. In this game what is the Nash equilibrium?
Answer:
the Nash equilibrium for both players is to collude
Explanation:
A duopoly is when there are two firms operating in an industry.
Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.
Dominant strategy is the best option for a player regardless of what the other player is playing.
Nash equilibrium is the best outcome for players where no player has an incentive to change their decisions.
the Nash equilibrium for both players is to collude because it is the best outcome for both players. if, a player cheats, there is a chance that the other player would cheat and both firms would end up earning a zero economic profit
Based on the various payoffs to be made, the Nash Equilibrium for this game would be that both firms should collude.
The Nash Equilibrium is the outcome that would be most beneficial for both firms to stay in. If either of them leave, they would incur losses.
If both firms decide to collude and one cheats, the other firm would cheat as well to avoid making a loss which would lead to both of them making zero economic profit.
Both firms will therefore collude so as to make $50,000 a piece.
In conclusion, the Nash Equilibrium is collusion between the two firms.
Find out more at https://brainly.com/question/7141724.
Fritz, Inc.'s unit selling price is $75, the unit variable costs are $45, fixed costs are $150,000, and current sales are 10,000 units. How much will operating income change if sales increase b
The question is incomplete. Here is the complete question.
Fritz, Inc.'s unit selling price is $75, the unit variable costs are $45, fixed costs are $150,000, and current sales are 10,000 units. How much will operating income change if sales increase by 5,000 units
Answer:
$150,000 increase
Explanation:
Fritz has a unit selling price of $75
The unit variable cost is $45
The fixed costs are $150,000
The current sales are 10,000 units
The first step is to calculate the contribution margin
Contribution margin= sales price - variable cost
= $75-$45
= $30 per unit
Therefore, the change in the operating income when sales increase by 5,000 units can be calculated as follows
= 5,000 units × $30
= $150,000 increase
Hence the operating income will increase by $150,000 when there is an increase in the sales by 5,000 units
A stock has an expected return of 13 percent, the risk-free rate is 4.1 percent, and the market risk premium is 5.3 percent. What is the stock's beta?
Answer:
Stock Beta = 1.68
Explanation:
The expected return on stock can be estimate using te capital asset pricing model (CAPM).
The capital pricing model establishes the relationship between expected return from a stock and its systematic risk . The systematic risk is that which affects all players (businesses and firms) in the entire market, such risks are occasioned by changes in interest rate, exchange rate e.t.c
According to the model , the expected return is computed as follows
E(r) = Rf + β(Rm-Rf)
Rf- risk -free rate, Rm-Rf - market premium , β- beta
DATA:
E(r) = 13%, Rm-Rf = 5.3 , risk-free rate- 4.1%, β?
Applying this model, we have
13% = 4.1% + β× (5.3%)
0.13 = 0.041 + 0.053β
Collecting like terms
0.053β= 0.13 - 0.041
divide both sides by 0.053
β= (0.13 - 0.041)/0.053
β = 1.679
Stock Beta = 1.68
Shasta Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing has 70 employees. Each employee presently provides 38 hours of labor per week. Information about a production week is as follows:Standard wage per hr. $20.00 Standard labor time per faucet 30 min. Standard number of lbs. of brass 2.5 lbs. Standard price per lb. of brass $1.80 Actual price per lb. of brass $1.95 Actual lbs. of brass used during the week 13,000 lbs. Number of faucets produced during the week 5,000 Actual wage per hr. $18.75 Actual hrs. for the week (70 employees × 38 hours) 2,660Required:a. Determine the standard cost per unit for direct materials and direct labor. b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance.
Answer:
a. Determine the standard cost per unit for direct materials and direct labor.
standard direct labor rate = $20 x 30/60 minutes = $10 per faucet
standard direct materials rate = $1.80 x 2.5 lbs = $4.50 per faucet
b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance.
direct materials price variance = (actual price x actual quantity) - (standard price x actual quantity) = ($1.95 x 13,000) - ($1.80 x 12,500) = $25,350 - $22,500 = $2,850 UNFAVORABLE
direct materials quantity variance = (standard price x actual quantity) -(standard price x standard quantity) = ($1.80 x 13,000) - ($1.80 x 12,500) = $23,400 - $22,500 = $900 UNFAVORABLE
total direct materials variance = direct materials price variance + direct materials quantity variance = $2,850 + $900 = $3,750 UNFAVORABLE
The five forces are not meant to replace __________ and __________ economic philosophies, which are part of making thorough decisions from a business perspective.
Answer:
analyzing and accepting.
Explanation:
Porter's Five Forces, is a model of competitive analysis developed by Michael Porter, whose main objective is to assist the positioning of an organization in the market in which it operates.
For Porter, the five forces that can help a company to position itself in the market are:
Competitive Rivalry. Supplier Power. Buyer Power. Threat of Substitution. Threat of New Entry.According to the author, these five forces will be decisive for a company to align its strategy appropriately to the market in which it operates, adapting its microenvironment to the macroenvironment and then achieving essential competitive advantages to increase organizational profit.
Therefore, this tool is used as an analysis differential for companies to know their potential, correct the flaws and identify opportunities. But it is not able to replace economic philosophies, which continue to be an essential business assessment tool for decision making.
Longevo, a watch manufacturing company, offers watches in a wide range of designs to suit all age groups. To adequately cover its wide and diversified consumer base, the company makes use of all the traditional and new age media platforms for its promotions. The promotional strategy used by Longevo is _____.
Answer:
Integrated marketing communication.
Explanation:
In this scenario, Longevo, a watch manufacturing company, offers watches in a wide range of designs to suit all age groups. To adequately cover its wide and diversified consumer base, the company makes use of all the traditional and new age media platforms for its promotions. The promotional strategy used by Longevo is integrated market communication.
An integrated marketing communication is a marketing strategy which involves branding, promotion and coordination of marketing tools across traditional and digital communication channels such as webinar, blog, billboards, television, newspapers, radio etc in an organization. The marketing tools used in business are online marketing, direct marketing, advertising, social media, sales promotion, personal selling, public relations etc.
Hence, Longevo makes use of all the traditional and new age media platforms for the promotion of its watches, to adequately cover its wide and diversified consumer base.
What type of unemployment occurs when people take time to find a job?
seasonal unemployment
C. cyclical unemployment
b. structural unemployment
d. frictional unemployment
a.
frictional unemployment
Goodwin Technologies, a relatively young company, has been wildly successful but has yet to pay a dividend. An analyst forecasts that Goodwin is likely to pay its first dividend three years from now. She expects Goodwin to pay a $2.75000 dividend at that time (D₃ = $2.75000) and believes that the dividend will grow by 14.30000% for the following two years (D₄ and D₅). However, after the fifth year, she expects Goodwin’s dividend to grow at a constant rate of 3.72000% per year.
Goodwin’s required return is 12.40000%. Fill in the following chart to determine Goodwin’s horizon value at the horizon date (when constant growth begins) and the current intrinsic value.
To increase the accuracy of your calculations, do not round your intermediate calculations, but round all final answers to two decimal places.
Term Value
Horizon value $42.93
Current intrinsic value $29.84
1. If investors expect a total return of 13.40%, what will be Goodwin's expected dividend and capital gains yield in two years-that is, the year before the firm begins paying dividends?
2. Is this statement a possible explanation for why the firm hasn't paid a dividend yet?
A. Yes
B. NO
Answer:
horizon value at year 5 = Div₆ / (Re - g)
Div₆ = ($2.75 x 1.143²) x 1.0372 = $3.726384483Re = 12.4%g = 3.72%horizon value at year 5 = $3.726384483 / (12.4% - 3.72%) = $42.93
current value P₀ = $2.75/1.124³ + $3.14325/1.124⁴ + $46.52273/1.124⁵ = $1.937 + $1.969 + $25.932 = $29.838 ≈ $29.84
1) dividend yield = 0/$29.84 = 0%
capital gains yield = (P₁ - P₀) / P₀
P₁ = $2.75/1.124 + $3.14325/1.124² + $46.52273/1.124³ = $2.447 + $2.488 + $32.762 = $37.697 ≈ $37.70
capital gains yield = ($37.70 - $29.84) / $29.84 = 26.34%
2) Goodwin has yet to record a profit (positive net income). Is this statement a possible explanation for why the firm hasn't paid a dividend yet?
A. Yes
Since dividends must be paid out from net profits or retained earnings.
1. Dividend yield is = 26.34%
2. Goodwin has yet to record a profit (positive net income) Yes it is a correct statement.
Calculate Dividend Growth Rate
The horizon value at year 5 is = Div₆ / (Re - g)
Then, Div₆ is = ($2.75 x 1.143²) x 1.0372 = $3.726384483
After that, Re = 12.4%
Then, g = 3.72%
Now, When The horizon value at year 5 is = $3.726384483 / (12.4% - 3.72%) = $42.93
The current value P₀ is = $2.75/1.124³ + $3.14325/1.124⁴ + $46.52273/1.124⁵ is = $1.937 + $1.969 + $25.932 = $29.838 ≈ $29.84
1) dividend yield is = 0/$29.84 = 0%
After that, capital gains yield = (P₁ - P₀) / P₀
Hence, P₁ = $2.75/1.124 + $3.14325/1.124² + $46.52273/1.124³ = $2.447 + $2.488 + $32.762 = $37.697 ≈ $37.70
Therefore, capital gains yield = ($37.70 - $29.84) / $29.84 = 26.34%
2) Goodwin has yet to document a profit (positive net income). So, The correct option is = A. Yes
Since When The dividends must be paid out from net profits or retained earnings.
Find more information about Dividend Growth Rate here:
https://brainly.com/question/25801301
he ability to hire, motivate, and retain human capital is an example of ________ capabilities in the resource-based view of the firm.
Answer:
Organizational capabilities
Explanation:
The ability to hire, motivate, and retain human capital is an example of organizational capabilities in the resource-based view of the firm.
An organizational capability is the ability of a firm to manage resources, such as it's employees, effectively which will give them an edge over competitors. Organizational capabilities differntiates a firm from competitors.
When you send off the proposal three days later, you inadvertently learn from the client that he never received any correspondence from your coworker. "What dimension of professional behavior did your coworker violate when with the prospective client?
The question is incomplete:
You work for AdSmart, a marketing research firm. You and a new coworker are meeting a potential client for lunch. You have several morning meetings on the same day as the lunch meeting, so you arrange to meet your coworker and the potential client at 12:15 p.m. at the restaurant. You arrive five minutes early, and the prospective client arrives shortly thereafter. You both wait in the lobby until 12:35 p.m. when you decide to be seated. You check your smart phone and see no received communications from your colleague. Finally, at 12:45 p.m., your coworker arrives.
During the lunch, your coworker tells several white lies and reveals information regarding your boss that should have been kept confidential. The prospective client doesn't seem to notice these indiscretions, however, when your coworker begins to badmouth his former employer, a competitor of AdSmart, the client appears ill at ease.
Despite the rough start to the lunch meeting, all ends well. You believe that with the appropiate follow-up, the potential client will become one of the firm's more lucrative partnerships. Once you are back at the office, you debrief with your coworker and discuss the next steps. You decide to take on the task of putting together the proposal the client has requested, and your colleague agrees to send a follow-up note thanking the client and indicating that the proposal will arrive within the next week.
When you send off the proposal three days later, you inadvertently learn from the client that he never received any correspondence from your coworker. "What dimension of professional behavior did your coworker violate when with the prospective client?
Answer:
Courtesy and respect
Explanation:
The dimension of professional behavior that your coworker violated with the prospective client is courtesy and respect. He violated courtesy because it is about being polite and he was not polite because he arrived late to the meeting and he didn't let you know about it.
Also, he violated responsibility because it is about doing the things that you are in charge of and he was in charge of sending a follow-up note and he didn't do it.
Standard Direct Materials Cost per Unit Crazy Delicious Inc. produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The standard costs for a batch of chocolate (2,857 bars) are as follows: Ingredient Quantity Price Cocoa 630 lbs. $0.40 per lb. Sugar 180 lbs. $0.60 per lb. Milk 150 gal. $1.60 per gal. Determine the standard direct materials cost per bar of chocolate. If required, round to the nearest cent. $ per bar
Answer:
Standard direct material cost per unit= $0.21
Explanation:
Giving the following information:
The standard costs for a batch of chocolate (2,857 bars) are as follows:
Cocoa 630 lbs. $0.40 per lb.
Sugar 180 lbs. $0.60 per lb.
Milk 150 gal. $1.60 per gal
First, we need to calculate the total cost for 2,857 bars:
Total cost= 630*0.4 + 180*0.6 + 150*1.6
Total cost= $600
Now, the unitary standard cost:
Standard direct material cost per unit= 600/2,857
Standard direct material cost per unit= $0.21
The beta of an all equity firm is 2.3. If the firm changes its capital structure to 50% debt and 50% equity using 8% debt financing, what will be the equity beta of the levered firm
The beta of an all equity firm is 2.3. If the firm changes its capital structure to 50% debt and 50% equity using 8% debt financing, what will be the equity beta of the levered firm? The beta of debt is 0.2. (Assume no taxes.) Provide your answer with 2 digits after the comma.
Answer:
4.40
Explanation:
Equity beta, is a term in business or economics, which is.oftemr referred to as Levered beta, which measures the risk of a firm in respect to debt and equity in its capital structure to the volatility of the stock market.
Therefore, Formula for equity beta is giving as = βE = equity firm + (debt/equity)(equity firm - beta of debt)
Given that, equity firm = 2.3
Capital structure to debt = 50% = 0.5
Capital structure to equity = 50% = 0.5
Beta of debt = 0.2
βE = 2.3 + (0.5/0.5)(2.3 - 0.2) =
2.3 + (0.5/0.5)(2.3 - 02) =
= 2.3 + (1)(2.1)=
2.3 + 2.1= 4.40
Hence, the final is 4.40
An institution is a significant practice, relationship, or organization in a society. Institutions shape the environment in which decisions are made, and they affect production and income in a nation. The most significant institutions are private property rights, political stability and the rule of law, open and competitive markets, efficient taxes, and stable money and stable prices. Complete each of the following sentences with the correct institution. a. The single greatest incentive for voluntary production is the existence of . b. increase investment in physical and human capital because they increase the predictability of future payoffs. c. Specialization is more likely to occur in nations with and result in more efficient production because of economies of scale. d. The Xiaogang agreement that led to an agricultural boom in China is an example of the power of
Answer:
a. Private Property Rights
b. Political Stability and Rule of Law
c. Open and Competitive Market
d. Private Property Rights
Explanation:
a. By defining private property Rights and giving people a chance to own resources, Individuals will strive to own more and more of such rights and so will produce as much as they can so as to afford such rights.
b. When a nation is Politically stable and respects the Rule of Law, investment payoffs are easier to predict than in a country where instability can threaten to degrade investments such that the payoffs will be lost. For example, think of all the Western firms that lost money when the Shah of Iran was overthrown by the Ayatollah.
c. Specialization is more likely to occur in nations with Open and Competitive Market. An Open Market means that goods can come in from the outside easily. This will have the effect of the country being able to import goods that cost a lot to produce locally and instead focus on producing those goods that they are well adept at producing. This is Specialization. Also as a result of competition, companies will strive to find better ways to make profit above competitors and come up with more efficient ways of Production as a result.
d. The Xiaogang Agreement refers to an agreement by farmers in Xiaogang to subdivide their lands in secret so that they would each own a small part of it. As a result, the farmers had an incentive to produce for themselves as they now owned resources that they could benefit from. This right to Private Property led to a huge boom in Agriculture.
Defnet Electronics, Inc., is considering implementing a policy for reporting harassment. That policy should include a clear and accessible procedure for reporting harassment that does not limit reporting to the employee's supervisor.
a.True
b. False
Answer:
The given statement is "True".
Explanation:
A simple reporting system can help users get valuable occupational safety well as health details, identify issues in a timely manner, and fix them. Security monitoring protocols make it easier for you as well as your staff to handle security problems and avoid accidents and fatalities from occurring.So that the above is the correct choice.
An important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is:
Answer:
Cost-volume-profit analysis.
Explanation:
An important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is cost-volume-profit analysis. It is an important tool in accounting that is used to determine how changes in differing levels of activities such as costs and volume affect a company's operating financial statements, both income and net income. It is also an accounting concept known as the break even analysis.
In order to use this cost-volume-profit analysis, accountants usually make some assumptions and these are;
1. Sales price per unit product is kept constant.
2. Variable costs per unit product are kept constant.
3. Total fixed costs of production are kept constant.
4. All the units produced are sold.
5. The costs accrued are as a result of change in business activities.
6. A company selling more than a product should simply sell in the same mix.
You purchased a call option for $3.45 17 days ago. The call has a strike price of $45, and the stock is now trading for $51. If you exercise the call today, what will be your holding-period return
Answer:
73.9%
Explanation:
Calculation for what will be your holding-period return
You purchased a call option for $3.45 17 days ago. The call has a strike price of $45 and the stock is now trading for $51. If you exercise the call today, what will be your holding period return?
First step is to find the Gross profit
Using this formula
Gross profit=Strike price- Stock Trading amount
Let plug in the formula
Gross profit =$51 - 45
Gross profit= $6
Second step is to find the Net profit
Using this formula
Net profit=Gross profit-Call option
Let plug in the
Net profit is $6 - 3.45
Net profit= $2.55
The last step is to find the Holding period return
Using this formula
Holding period return =Net profit/Call option
Let plug in the formula
Holding period return=$2.55/$3.45
Holding period return= 0.739*100
Holding period return =73.9%
Therefore what will be your holding-period return is 73.9%
What groups generally is charged with creating value through the process of organizing, coordinating, and leveraging employees as well as other forms of capital such as plant, equipment, and financial capital?
Answer: C) managers
Explanation:
Managers are very important in world of business. They are leaders charged with getting a company from where it is to where it wants to be. Essentially their role is to create value. They do this by fulfilling certain duties expected of them through organizing, coordinating, and leveraging employees as well as other forms of capital such as plant, equipment, and financial capital to bring out a solid product that will contribute to the growth of the company.
Managers are therefore as already mentioned, important in business. It is for this reason that only the best should be chosen for such an integral role in a company.
A business entity operated and taxed like a partnership, but with limited liability for the owners, is called a:
Answer: A. limited liability company.
Explanation:
A Limited Liability Company (LLC) is a type of company that is operated and taxed like a partnership for instance, profits that flow to the partners are taxed on the partner's income but not on the firm to prevent double taxation. This is called Flow-Through Taxation.
They operate with limited Liability for the owners because the owners are only personally liable for the debts and liabilities the company has up until the capital they invested. Anything past this and they cannot be held liable.
Maize Company incurs a cost of $34 per unit, of which $21 is variable, to make a product that normally sells for $59. A foreign wholesaler offers to buy 6,600 units at $30 each. Maize will incur additional costs of $1 per unit to imprint a logo and to pay for shipping. Compute the increase or decrease in net income Maize will realize by accepting the special order, assuming Maize has sufficient excess operating capacity. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Reject Accept Net Income Increase (Decrease) Revenues $ $ $ Costs Net income $ $ $ g
Answer:
$52,800
Explanation:
The computation of the increase or decrease in net income is shown below:
Particulars Reject Accept net income or decrease
Revenue
(6,000 × $30) $198,000 $198,000
Less:
Cost
($6,600 × ($21 + $1) $145,200 -$145,200
Net $52,800 $52,800
Since the amount comes in positive so the spcial order should be accepted