The given statement "The current risk management practice can be improved by taking into account the lessons from financial crises past and present." is True because The global financial crisis of 2008 is a prime example of how the lack of effective risk management practices can lead to catastrophic consequences for businesses and the wider economy.
This crisis highlighted the need for improved risk management practices to ensure that businesses are better equipped to identify and manage risks that could have significant impacts on their operations. By examining the causes of financial crises, businesses can identify the key risks that they need to manage, and develop strategies to mitigate those risks.
Lessons learned from past financial crises can help businesses to anticipate potential risks and take proactive measures to address them before they become significant issues. This approach can help businesses to avoid the mistakes that led to past crises and build more robust risk management practices.
In conclusion, businesses must take lessons from financial crises past and present to improve their risk management practices. By doing so, they can build a more resilient business that is better equipped to navigate the complex and unpredictable financial landscape.
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an apartment complex has a gross annual income of $418,000 and the expense ratio is 38%. how much are the total operating expenses?
We can start by calculating the operating expenses of the apartment complex. The expense ratio of 38% indicates that the operating expenses are 38% of the gross annual income.
To calculate the operating expenses, we need to multiply the gross annual income by the expense ratio percentage. Therefore, the operating expenses would be $418,000 x 0.38 = $158,840.
This means that the apartment complex's total operating expenses are $158,840. It is important to note that operating expenses refer to all expenses incurred in running the property, including property taxes, insurance, maintenance, repairs, and utilities.
In conclusion, the total operating expenses of the apartment complex are $158,840, calculated using the gross annual income and the expense ratio of 38%.
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select all that apply if abc company issues 100 of its $1,000 bonds at a price of 105.00, i.e., 105%, the journal entry to record the transaction includes . (select all that apply.) multiple select question. O a credit to bonds payable of $100,000 O a debit to cash of $105,000 a debit to cash of $95,000 O a credit to premium on bonds payable of $5,000 O a debit to cash of $10,500,000 O a debit to discount on bonds payable of $5,000
The journal entry to record the transaction includes:
A credit to bonds payable of $100,000
A debit to cash of $105,000
A credit to premium on bonds payable of $5,000
Therefore, the options that apply are:
A credit to bonds payable of $100,000
A debit to cash of $105,000
A credit to premium on bonds payable of $5,000
Explanation:
When a company issues bonds at a premium (i.e., above their face value), the company receives more cash than the face value of the bonds. In this case, the company issued 100 bonds with a face value of $1,000 each, for a total face value of $100,000. However, the company received $105,000 ($1,050 per bond x 100 bonds) in cash, which is $5,000 more than the face value.
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according to value-chain analysis, inbound and outbound logistics are considered as ________.
According to value-chain analysis, inbound and outbound logistics are considered as primary activities.
Primary activities, also known as core activities, are the main functions that a business undertakes to create and deliver its products or services. These activities are directly related to the production, distribution, and sale of a company's offerings, and they are critical to its success.
The five primary activities in a value chain include:
Inbound logistics: This includes receiving, storing, and distributing inputs or raw materials that are required to produce a product or service.
Operations: This involves transforming the inputs or raw materials into the final product or service. Operations can also involve providing services to customers.
Outbound logistics: This includes the distribution of the finished product or service to customers or intermediaries.
Marketing and sales: This involves promoting and selling the product or service to potential customers.
Service: This includes providing after-sales services to customers, such as technical support or maintenance.
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how much would an investor expect to pay for a $1,000 par value bond with a 9% annual coupon that matures in 5 years if the interest rate is 6%?
The annual bond price is calculated using the formula: Bond price = (Coupon payment x PVIFA) + (Par value / [tex](1 + r)^n[/tex]), which results in $1,126.34.
To compute the value a financial backer would hope to pay for a $1,000 standard worth bond with a 9% yearly coupon that develops in 5 years, we can utilize the accompanying equation:
Bond cost = (Coupon installment x PVIFA) + (Standard worth/(1 + r)^n[tex](1 + r)^n[/tex]
Where PVIFA is the current worth premium element of an annuity, r is the financing cost, and n is the quantity of periods.
For this situation, the coupon installment is $90 ($1,000 x 9%), the standard worth is $1,000, the financing cost is 6%, and the bond develops in 5 years. We can utilize a monetary number cruncher or bookkeeping sheet to work out the PVIFA for a 5-year security at 6% financing cost, which is 4.212. Subbing these qualities into the recipe, we get:
Bond cost = [tex]($90 x 4.212) + ($1,000/(1 + 0.06)^5)[/tex]
Bond cost = $379.08 + $747.26
Bond cost = $1,126.34
Thusly, the financial backer would hope to pay $1,126.34 for this bond.
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The complete questions is:
How much would an investor expect to pay for a $1,000 par value bond with a 9% annual coupon that matures in 5 years if the interest rate (or yield to maturity) is 7%? Assume the coupons are paid annually O A 696.74 OB. 1075.82 OC. 1082.00 OD. 1.123.01 O E.
FILL IN THE BLANK. the overall rate of online credit card fraud is ________ % of all online card transactions.
Based on recent studies and data, the overall rate of online credit card fraud is approximately 0.7% of all online card transactions.
How many the percentage of online credit card fraudThis percentage signifies the growing concern for cybersecurity as more individuals rely on online shopping and digital payments.
Financial institutions, merchants, and consumers are continuously implementing safety measures, such as strong authentication methods and fraud detection tools, to combat this issue.
Despite these efforts, it is essential for everyone to stay vigilant and take precautions to protect their personal and financial information in order to minimize the risk of becoming a victim of online credit card fraud.
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Step 36 of 40: Cash Budget Formulas 5 Cash Balance, Beginning (1 YOUR TURN: Create formulas that carry over the operating expense names in column A and use VLOOKUP to return the amounts in cells B9:M11. January 2 Cash Balance, Beginning 20,000.00 3 Collections (3 tal.Cash Available YOUR TURN: Create a formula that carries over the collections in cells B3:M3. 7 Inventory Purchases Commissions YOUR TURN: Fill in January December and the word Recap along with your Spreadsheet ID in cell N1 on the Cash Budget worksheet. 10 Utilities 11 Other Operating Budget Cash Budget 36540 - 12000 10 Utilities 11 Other Operating Budget Cash Budget Operating Budget Cash Budget Jan Februar Lanuary 2 Cash Balance, Beginning Collections YOUR TURN: Create formulas that carry over the inventory payments and commissions in cells B7:M8. YOUR TURN: Enter a formula here that references the Minimum Cash Balance from the Inputs worksheet. 6 Less Disbursements 7 Inventory Purchases 8 Commissions 9 Payroll 10 Utilities 11 Other Operating Budget 2 (Cash Balace, Beginning $ 20,000.00 3 Collections 30000 Total Cash Available 6 less Disbursements YOUR TURN: Add a formulas for subtotals and ending balances for columns B:M, as well as beginning balances for columns C:M. Operating Budget Cash Budget Cash Budget dget wed 523 PM Edit View insert Format Tools Data Window Help • Autodiaren s Home Insert Draw Page Layout Formulas Data Review P X Cabr (Body! 11 A A cash flow budget 3 Malte View Comments Share . O 2 . Custom $ % a 11 R13 x f x -SUM[87:812) 11100019.000 2.0 12. 0 1 3 .00 14 dienorts ever disbursements FR
The minimum cash balance from the Inputs worksheet when creating the formulas. The goal is to create a comprehensive cash flow budget that takes into account all expenses and returns to ensure a balanced budget.
In Step 36 of 40, the task is to create formulas for the cash budget. One of the formulas required is to carry over the operating expense names from column A and use VLOOKUP to return the amounts in cells B9:M11. Another formula is needed to carry over the collections in cells B3:M3. Additionally, formulas need to be added for subtotals and ending balances for columns B:M, as well as beginning balances for columns C:M. The cash balance, beginning for January is $20,000. The budget also includes expenses such as inventory purchases, commissions, payroll, utilities, and other operating costs. It is important to consider the minimum cash balance from the Inputs worksheet when creating the formulas. The goal is to create a comprehensive cash flow budget that takes into account all expenses and returns to ensure a balanced budget.
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of the three corporate strategies that guide american policing, which emphasizes an increased capacity to deal with crimes that are not well controlled by traditional methods?
This strategy emphasizes an increased capacity to deal with crimes that are not well controlled by traditional methods.
Community policing focuses on developing partnerships between law enforcement agencies and communities, with the goal of preventing crime and improving public safety. By engaging with the community, law enforcement can gain a better understanding of local crime issues and develop effective solutions that are tailored to the specific needs of the community.
Community-Oriented Policing focuses on building relationships between the police and the community, encouraging collaboration, and using problem-solving approaches to address crime and disorder.
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earl company uses the accrual method of accounting. here is a reconciliation of earl's allowance for bad debts for the current year. beginning allowance for bad debts $ 950,000 actual write-offs of accounts receivable during the year (899,600) addition to allowance 845,000 ending allowance for bad debts $ 895,400 because of the difference between the gaap rules and the tax rules for accounting for bad debts, earl company has a: multiple choice $54,600 temporary excess of taxable income over book income. $54,600 permanent excess of book income over taxable income. $54,600 temporary excess of book income over taxable income. $54,600 permanent excess of taxable income over book income.
Based on the information provided, it appears that Earl Company has a temporary excess of book income over taxable income of $54,600. This is because the ending allowance for bad debts of $895,400 is less than the beginning allowance for bad debts of $950,000, meaning that the company wrote off less accounts receivable than it had anticipated at the beginning of the year.
This results in an addition to the allowance for bad debts of $845,000, which is added to book income but not taxable income. Therefore, book income is temporarily higher than taxable income by $845,000, which translates to a tax adjustment of $54,600 ($845,000 multiplied by the current tax rate).
It is important to note that this is only a temporary excess because the allowance for bad debts will likely be adjusted again in future years, which could result in a different tax adjustment. Additionally, it is important for Earl Company to carefully track and document any adjustments made for bad debts in order to comply with GAAP and tax regulations.
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common shareholders have the right to vote on: proposals for fundamental changes affecting the company such as mergers or liquidation. price of stock. when to pay dividends. compensation for the officers.
Common shareholders have the right to vote on various matters related to the company, including proposals for fundamental changes such as mergers or liquidation.
They also have the right to vote on important financial decisions such as the price of the stock and when to pay dividends. Additionally, common shareholders have the ability to vote on compensation for the officers of the company. These voting rights give common shareholders a say in the direction and management of the company, and allow them to have a voice in important decision-making processes.
Common shareholders have the right to vote on proposals for fundamental changes affecting the company, such as mergers or liquidation. They typically do not vote on the price of stock, when to pay dividends, or compensation for the officers, as these matters are often determined by the board of directors or management.
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if aggregate expenditures equals $7,600 and aggregate income equals $8,000, businesses will produce
If aggregate expenditures (AE) equals $7,600 and aggregate income (Y) equals $8,000, it means that there is a $400 unplanned increase in inventories (AE < Y).
As a result, businesses will reduce output since they have more goods on hand than they need. Until the unplanned inventory accumulation is reduced, this drop in production will result in a decrease in employment and income.
Once the inventory is depleted, production will rise to equal the amount of total expenditures. As a result, firms will create less, reducing employment and income until inventory is reduced.
Therefore the $400 is unplanned increase in inventories (AE < Y).
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frank and louise are arizona licensees who are forming a proffesional limited liability corporation together can they become an applying broker?
Yes, Frank and Louise can become an applying broker as Arizona allows professional limited liability corporations (PLLC) to apply for a broker's license. A PLLC is a type of limited liability company (LLC) that is specifically designed for licensed professionals such as real estate agents, doctors, or lawyers. The PLLC offers the same liability protection as an LLC while allowing the licensed professionals to operate as a group.
To become an applying broker, Frank and Louise's PLLC must meet the following requirements:
1. All members of the PLLC must be licensed brokers or salespersons in Arizona.
2. The PLLC must register with the Arizona Corporation Commission and obtain a certificate of authority.
3. The PLLC must obtain a surety bond and liability insurance.
4. The PLLC must have a designated broker who is responsible for the supervision of all licensees.
5. The PLLC must comply with all Arizona real estate laws and regulations.
Once these requirements are met, the PLLC can apply for a broker's license with the Arizona Department of Real Estate. The application process includes submitting the necessary forms, paying the application fee, and passing a background check.
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if a couple has in a retirement account, how long will it take the money to grow to if it grows by compounded continuously? round up to the nearest year.
Assuming that we know the starting balance, interest rate, and the number of years that the money will be invested, we can use the continuous compounding formula to calculate the future value of the retirement account.
The continuous compounding formula is:
A = Pe^(rt)
Where:
A = the future value of the retirement account
P = the initial investment (or starting balance)
e = the mathematical constant 2.71828 (used in continuous compounding)
r = the annual interest rate (expressed as a decimal)
t = the number of years the money is invested
Let's say that the couple has $100,000 in their retirement account and they plan to leave it untouched for 10 years. If the account earns an annual interest rate of 5%, the future value of the account can be calculated as:
A = 100,000 x e^(0.05 x 10)
A = 100,000 x e^(0.5)
A = 100,000 x 1.6487
A = 164,870
Therefore, the retirement account will grow to approximately $164,870 after 10 years of continuous compounding. It's important to note that this calculation assumes no contributions or withdrawals are made during the investment period.
In conclusion, the growth of a retirement account by continuous compounding depends on various factors such as the initial investment, interest rate, and investment period. To estimate the future value of a retirement account, we can use the continuous compounding formula, as shown above.
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what is the opportunity cost in terms of posters made if the number of phone calls is increased from 40 to 80?
The opportunity cost in terms of posters made if the number of phone calls is increased from 40 to 80 is the number of posters that could have been made with the resources (time, labor, materials) used to make those additional phone calls.
The opportunity cost is the trade-off between making phone calls and making posters. If, for example, it takes one hour to make 10 phone calls and two hours to make 10 posters, then making 80 phone calls would require 8 hours, leaving no time to make posters.
The opportunity cost of making those additional phone calls would be 0 posters made. If the time it takes to make posters and phone calls is equal, then the opportunity cost would be half the number of posters that could have been made if all the time had been dedicated to poster-making.
Opportunity cost when making decisions, as it helps to weigh the benefits and drawbacks of different options and choose the one that yields the highest overall value.
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how do the shelf and slope of an active continental margin differ from those of a passive margin?
The shelf and slope of an active continental margin differ from those of a passive margin in several ways. This tectonic activity leads to differences in the shelf and slope features between the two types of margins.
At active margins, the continental shelf is generally narrower and steeper due to the ongoing tectonic activity.
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which of the following resulted in tighter oversight of banks and mortgage companies? (choose every correct answer.) multiple select question. banks such as wells fargo and citigroup charging lenders with systematic fraud an auction of high-risk loans to government investors a lawsuit initiated by the attorneys general of almost every state a court settlement that included mechanisms for monitoring lending institutions
Banks such as Wells Fargo and Citigroup charging lenders with systematic fraud, a lawsuit initiated by the attorneys general of almost every state, and a court settlement that included mechanisms for monitoring lending institutions.
The three options that resulted in tighter oversight of banks and mortgage companies are:
1)Banks such as Wells Fargo and Citigroup charging lenders with systematic fraud - This brought to light the fraudulent practices of banks and mortgage companies, leading to increased scrutiny and regulation.
2)A lawsuit initiated by the attorneys general of almost every state - The lawsuit brought attention to the widespread predatory lending practices of banks and mortgage companies and resulted in increased regulation.
3)A court settlement that included mechanisms for monitoring lending institutions - The settlement imposed stricter rules and regulations on banks and mortgage companies, including requirements for monitoring and reporting on their lending practices.
These events are all part of the aftermath of the 2008 financial crisis, which highlighted the need for increased oversight and regulation of the banking and mortgage industries to prevent similar crises from occurring in the future.
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credit can be checked at: group of answer choices sales order processing delivery all of the other choices are true billing
Credit can be checked during billing. Billing is the process of creating and sending invoices to clients and asking them to pay any outstanding balances.
When a customer places an order, the company may need to check their credit history to ensure that they are able to pay for the goods or services. This credit check is typically done during the billing process, as the company prepares the invoice for the customer. During billing, the company will verify that the customer has sufficient credit to cover the cost of the goods or services being provided. If the customer's credit is not sufficient, the company may choose to decline the order or require a deposit before proceeding with the sale. While credit checks can be done at other stages of the sales process, such as during sales order processing or delivery, billing is typically the final stage before the sale is complete. Therefore, credit checks done during billing are the most accurate reflection of the customer's ability to pay for the goods or services.
Overall, credit checks are an important part of the sales process, and they help companies to mitigate their financial risk and ensure that they are getting paid for the products or services they provide.
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25. bernice bought credit disability insurance from her credit card company. what will this coverage likely accomplish?
Credit disability insurance purchased from a credit card company typically provides coverage for the cardholder in the event that they become disabled and are unable to make their credit card payments.
This insurance will likely accomplish covering the minimum monthly payments on the cardholder's account, protecting their credit score and preventing their account from going into default. However, it's important to note that the coverage and limitations of this type of insurance can vary depending on the credit card company and the specific policy purchased.
Credit disability insurance, also known as payment protection insurance, is a coverage that Bernice bought from her credit card company. This coverage will likely accomplish the purpose of making her monthly credit card payments in case she becomes disabled or unable to work due to illness or injury. This financial protection ensures that her credit score remains stable and she doesn't fall into debt during her period of disability.
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buying and selling products are examples of question 5 options: operating activities. investing activities. financing activities. delivering activities.
Buying and selling products are examples of operating activities. Investing activities refer to the purchase or sale of long-term assets,
Such as property or stocks, while financing activities involve borrowing or repaying loans or issuing and repurchasing stock. Delivering activities pertain to the distribution of products or services to customers.
Buying and selling products are examples of operating activities. These activities involve the day-to-day management of a business, including the production, sale, and delivery of products or services.
The thing that is being sold is referred to as a product. A service or an object both qualify as products. It might take on a physical, virtual, or cyber form.
Every product has a cost associated with it, and each one has a price. The market, the quality, the marketing, and the group that is being targeted all affect the price that may be charged.
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Elzear & Co. expects its EBIT to be $105,000 every year forever. The firm can borrow at 7%. Elzear currently has no debt, and its cost of equity is 11%. (Round the final answers to 2 decimal places. Omit $ sign in your response.)
If the tax rate is 35%, what is the value of the firm?
Value of the firm $
What will the value be if the company borrows $136,000 and uses the proceeds to repurchase shares?
Value of the firm $
To find the value of the firm, we can use the formula for the weighted average cost of capital (WACC). WACC is the weighted average of the cost of equity and cost of debt, where the weights are the proportion of equity and debt in the company's capital structure. The formula for WACC is:
WACC = (E/V x Re) + (D/V x Rd x (1 - T))
Where:
E = value of equity
D = value of debt
V = total value of the firm (E + D)
Re = cost of equity
Rd = cost of debt
T = tax rate
In this case, since Elzear currently has no debt, the WACC will be equal to the cost of equity. Using the given values, we have:
WACC = (1 x 0.11) = 0.11
To find the value of the firm, we can use the perpetuity formula:
Value of the firm = EBIT / WACC
Substituting the given values, we get:
Value of the firm = 105,000 / 0.11 = $954,545.45
Now, if the company borrows $136,000 and uses the proceeds to repurchase shares, the value of the firm will change. We can calculate the new value of the firm using the same formula, but with the new debt amount and adjusted equity value:
Value of the firm = (EBIT - (D x Rd x (1 - T))) / (Re - (D/V x (Re - Rd x (1 - T))))
Where:
D = new debt amount
Rd = cost of debt
T = tax rate
Assuming the cost of debt remains at 7%, we have:
Value of the firm = (105,000 - (136,000 x 0.07 x 0.35)) / (0.11 - (136,000 / (954,545.45 + 136,000) x (0.11 - 0.07 x 0.35)))
Solving for the value of the firm, we get:
Value of the firm = $1,003,580.61
Therefore, the value of the firm increases to $1,003,580.61 if the company borrows $136,000 and uses the proceeds to repurchase shares.
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agribusiness is one of america’s best kept secrets because _______.
Agribusiness is one of america’s best kept secrets because it is critical to our economic and food system.
Agribusiness is a broad phrase that refers to a variety of agricultural activities such as growing, processing, marketing, and distribution of agricultural goods.
While some may be unaware of the magnitude and importance of agriculture in the United States, others are well aware of its impact on the economy and food supply.
Agribusiness is critical to millions of people's livelihoods in rural regions, and its contributions to the nation's economy and food security are generally acknowledged. Agribusiness plays a vital role in supporting the livelihoods of millions of people in rural communities
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According to Keynes, the policy of incurring budget surpluses will cause the equilibrium price level to __________ and equilibrium output to __________.
a. rise; rise
b. rise; fall
c. fall; rise
d. fall; fall
e. remain the same; remain the same
The correct answer is d. fall; fall. According to Keynes, the policy of incurring budget surpluses will cause the equilibrium price level to fall and equilibrium output to fall.
Keynes believed that government intervention in the economy was necessary to stabilize it and prevent economic downturns. Incurring budget surpluses means that the government is collecting more revenue than it is spending, which can lead to decreased demand in the economy. With decreased demand, businesses may produce less and decrease their prices to stimulate demand. This results in a fall in both the equilibrium price level and equilibrium output. Keynes believed that during times of economic downturns, the government should increase spending to stimulate demand and increase output. This is known as deficit spending. Overall, Keynes believed that government intervention was necessary to stabilize the economy and prevent prolonged economic downturns.
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a large corporation managing a network over a global area would be considered a ________.
A large corporation managing a network over a global area would be considered a Global Area Network (GAN).
A GAN is a network that spans across multiple countries and continents, connecting various devices, systems, and local area networks (LANs) to facilitate communication and data exchange on a worldwide scale.
This type of network is crucial for multinational corporations, as it enables seamless communication and collaboration between employees, departments, and offices located in different parts of the world. By leveraging advanced communication technologies, such as satellite links and fiber-optic cables, GANs provide fast, secure, and reliable connections across vast distances.
Furthermore, GANs play a significant role in enhancing the efficiency of global businesses by providing a centralized platform for data storage, analytics, and resource management. This allows corporations to optimize their operations, reduce costs, and improve overall performance. In addition, GANs contribute to the development of innovative products and services by fostering international collaboration and knowledge-sharing among experts from diverse fields and regions.
In summary, a Global Area Network (GAN) is an essential tool for large corporations with a worldwide presence, as it facilitates global communication, collaboration, and resource management, ultimately driving business growth and innovation.
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Problem 4-18 Schedule of cash receipts [LO4-2) Simpson Glove Company has made the following sales projections for the next six months. All sales are credit sales, March April May June July August $45,000 55,000 37,000 52.000 63,000 67.000 Sales in January and February were $41,000 and $39,000, respectively. Experience has shown that of total sales receipts 10 percent are uncollectible, 40 percent are collected in the month of sale. 30 percent are collected in the following month, and 20 percent are collected two months after sale, Prepare a monthly cash receipts schedule for the firm for March through August
To prepare the monthly cash receipts schedule for Simpson Glove Company, we need to calculate the cash receipts for each month based on the given sales projections and collection percentages.
First, we can calculate the total credit sales for each month by subtracting the uncollectible amount from the projected sales:
March: $45,000 - 10% ($4,500) = $40,500
April: $55,000 - 10% ($5,500) = $49,500
May: $37,000 - 10% ($3,700) = $33,300
June: $52,000 - 10% ($5,200) = $46,800
July: $63,000 - 10% ($6,300) = $56,700
August: $67,000 - 10% ($6,700) = $60,300
Next, we can calculate the monthly cash receipts for each month based on the collection percentages:
March: 40% ($40,500) + 30% ($49,500) + 20% ($33,300) = $34,170
April: 40% ($49,500) + 30% ($33,300) + 20% ($46,800) = $37,620
May: 40% ($33,300) + 30% ($46,800) + 20% ($56,700) = $36,540
June: 40% ($46,800) + 30% ($56,700) + 20% ($60,300) = $48,420
July: 40% ($56,700) + 30% ($60,300) = $40,860
August: 40% ($60,300) = $24,120
Therefore, the monthly cash receipts schedule for Simpson Glove Company for March through August is as follows:
March: $34,170
April: $37,620
May: $36,540
June: $48,420
July: $40,860
August: $24,120
This schedule shows the expected amount of cash receipts for each month based on the sales projections and collection percentages, which can help the company plan and manage its cash flow.
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kiwi airlines has fixed operating costs of $5.8 million, and its variable costs amount to 20 percent of sales revenue. the firm has $2 million in bonds outstanding with a coupon interest rate of 8 percent. revenues for the firm are $8 million and the firm is in the 40 percent corporate income tax bracket. how will a 10 percent increase in sales affect earnings per share? group of answer choices 145%
A 10% increase in sales revenue will increase EPS by approximately 10%.
To calculate the effect of a 10% increase in sales revenue on earnings per share, we need to first calculate the firm's earnings before interest and taxes (EBIT).
EBIT = Revenues - Fixed Costs - Variable Costs EBIT = $8,000,000 - $5,800,000 - 0.2($8,000,000)EBIT = $640,000 Next, we need to calculate the interest expense on the firm's bonds.
Interest Expense = Bond Amount x Coupon Interest Rate Interest Expense = $2,000,000 x 0.08 Interest Expense = $160,000
Now we can calculate the firm's earnings before taxes (EBT). EBT = EBIT - Interest Expense EBT = $640,000 - $160,000 EBT = $480,000
To calculate the firm's earnings after taxes, we need to apply the corporate income tax rate. Net Income = EBT x (1 - Tax Rate) Net Income = $480,000 x (1 - 0.4) Net Income = $288,000
Finally, we can calculate the earnings per share (EPS) by dividing the net income by the number of outstanding shares. EPS = Net Income / Number of Shares
Since the number of shares outstanding is not given, we cannot calculate the EPS directly. However, we can see that a 10% increase in sales revenue will increase EBIT by 10%, or $64,000. This increase in EBIT will flow through to net income and ultimately EPS. Therefore, we can say that a 10% increase in sales revenue will increase EPS by approximately 10%.
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for a monopoly firm, the shape and position of the demand curve play a role in determining the
For a monopoly firm, the shape and position of the demand curve play a role in determining the level of output and price that will maximize its profits.
If the demand curve for a monopolist's product is relatively inelastic, meaning that a change in price will have a relatively small effect on the quantity demanded, the monopolist can charge a higher price and still sell a significant quantity of the product. On the other hand, if the demand curve is relatively elastic, meaning that a change in price will have a large effect on the quantity demanded, the monopolist will need to charge a lower price in order to sell a sufficient quantity of the product. Therefore, the monopolist will typically choose to produce a lower quantity of the product and charge a higher price when the demand curve is relatively inelastic, and produce a higher quantity of the product and charge a lower price when the demand curve is relatively elastic.
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Select a Canadian company and evaluate it on the following Operations Management criteria's: Application Criteria: 1. Strategic Planning 2. Competitiveness and Productivity. 3. Demand Forecasting 4. Product/Service Design 5. Strategic Capacity Planning. 6. Strategic value-adding role operations plays in the supply chain. 7. Process Design 8. Production Layout 9. Work/Job Design 10. Location Planning and Analysis
One Canadian company that could be evaluated on these Operations Management criteria is Bombardier Inc. Bombardier Inc. is a global aerospace and transportation company that designs, manufactures, and sells aircraft and trains.
Strategic Planning: Bombardier Inc. has a well-defined strategy that includes a focus on innovation, sustainability, and growth.
Competitiveness and Productivity: Bombardier Inc. has a strong track record of competitiveness and productivity.
Demand Forecasting: Bombardier Inc. uses advanced analytics and data mining techniques to forecast demand for its products. The company has a strong track record of meeting customer demands and has been able to adjust production levels accordingly.
Product/Service Design: Bombardier Inc. has a strong focus on designing high-quality products that meet the needs of its customers. The company has a team of experienced designers who work closely with customers to understand their needs and develop products that meet those needs.
Strategic Capacity Planning: Bombardier Inc. has a well-defined capacity planning process that ensures that it has the right resources in place to meet customer demand.
Strategic value-adding role operations plays in the supply chain: Bombardier Inc. plays a strategic role in the supply chain by working closely with suppliers to ensure that it has access to the materials and components it needs to produce its products.
Process Design: The company has a team of experienced process engineers who work closely with operators to identify areas for improvement and develop new processes as needed.
Production Layout: Bombardier Inc. has a flexible production layout that allows it to adjust production levels quickly in response to changes in demand. The company has a number of assembly lines that are capable of producing a wide range of products, and it uses a combination of automation and manual labor to ensure that production is efficient and effective.
Work/Job Design: Bombardier Inc. has a strong focus on work design and has developed a number of advanced work designs that enable its operators to work efficiently and effectively.
Location Planning and Analysis: Bombardier Inc. has a well-defined location planning process that takes into account a range of factors, including access to materials and components, transportation infrastructure, labor costs, and market demand.
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if someone can cook and bake and then becomes a chef, they have chosen a career based on _____.
a. salary
b. income
c. interests
The answer to your question is "interests". If someone can cook and bake and then becomes a chef, they have chosen a career based on c. interests.
When someone has the skills and passion for cooking and baking, they may choose to pursue a career in the culinary industry.
Becoming a chef is not just about the salary or income but more about the love for food and the desire to create new and delicious dishes.This implies that their passion and skills in cooking and baking have guided their career choice, rather than focusing primarily on salary or income.Chefs are highly skilled professionals who work in various settings such as restaurants, hotels, cruise ships, and other food service establishments. They are responsible for creating menus, preparing dishes, and supervising kitchen staff. Being a chef requires creativity, attention to detail, and the ability to work under pressure.For those who have a natural talent for cooking and baking, becoming a chef can be a fulfilling career choice. It allows them to showcase their skills and creativity while providing a service to others. While the salary and income are important factors to consider, most chefs choose this career path because it aligns with their interests and passions. In summary, becoming a chef is a career choice that is based on one's interests and love for cooking and baking.Know more about the "interests"
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the immigration act states that in order to hire a foreign worker, an employer must show that:
An employer must show that there are no qualified Canadians for the job and that the hiring of a foreign worker will not have a negative impact on the Canadian labor market.
The Immigration and Refugee Protection Act (IRPA) outlines the requirements for Canadian employers seeking to hire foreign workers. In order to do so, they must demonstrate that there are no Canadian citizens or permanent residents available and qualified to fill the position. This includes advertising the job vacancy and offering fair compensation and working conditions. Additionally, employers must show that hiring a foreign worker will not have a negative impact on the Canadian labor market, including factors such as wages and working conditions.
The government has implemented stricter regulations in recent years to ensure that the program is not being used to displace Canadian workers or undermine the integrity of the labor market. Failure to comply with these regulations can result in severe consequences for the employer, including fines, loss of privileges to hire foreign workers and even criminal charges.
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in its first year of business, wok 'n' roll, inc. provided $100,000 of goods to its customers of which $80,000 was collected. it also incurred $90,000 in expenses for which $80,000 was paid. which of the following statements are correct? multiple select question. wok 'n' roll should use accrual basis accounting for external reporting purposes to conform with gaap and ifrs. wok 'n' roll should report net income of $20,000 for external reporting purposes. wok 'n' roll should report net income of $10,000 for external reporting purposes. wok 'n' roll should report $0 net income for external reporting purposes.
Wok 'n' Roll should use accrual basis accounting for external reporting purposes to conform with GAAP and IFRS. Wok 'n' Roll should report net income of $10,000 for external reporting purposes.
Accrual basis accounting recognizes revenue when it is earned, regardless of whether it has been collected or not, and expenses when they are incurred, regardless of whether they have been paid or not. Therefore, in this case, Wok 'n' Roll should recognize $100,000 of revenue and $90,000 of expenses, resulting in a net income of $10,000 ($100,000 - $90,000).
However, since only $80,000 of revenue and expenses were collected and paid respectively, Wok 'n' Roll may also need to prepare a cash basis statement of operations to show its cash inflows and outflows for the year. In this case, the cash basis net income would be $0 ($80,000 - $80,000).
Overall, Wok 'n' Roll should use accrual basis accounting for external reporting purposes to conform with GAAP and IFRS, and report a net income of $10,000 for the year.
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you serve as an outside director on the board of the all-at-once corporation. during a board meeting, the president of all-at-once makes a fifteen-minute presentation on the benefits and detriments of merging all-at-once with take-your-time, inc. after this presentation, the president asks for a vote of the directors approving the merger. should you vote on this merger? group of answer choices yes, the board directors may approve a merger, or bring about consolidation with other corporations. yes, if this power is spelled out in the corporate handbook. no, if there was not proper notice regarding the vote. no, the board of directors does not have the power to approve a merger.
As an outside director on the board of All-at-Once Corporation, it's important to consider the proper procedure and the board's powers before voting on the proposed merger with Take-Your-Time, Inc.
Based on the fifteen-minute presentation, you may feel inclined to vote; however, there are other factors to consider.
Yes, board directors may approve a merger or consolidation with other corporations, but this power should be explicitly stated in the corporate handbook. Therefore, it's crucial to verify if this power is granted to the board within the handbook. Additionally, proper notice regarding the vote is essential. If there was not sufficient notice provided to the board members, it would be inappropriate to vote on the merger.
In conclusion, you should vote on the merger if the board of directors has the power to approve a merger as per the corporate handbook, and if proper notice for the vote was given. Otherwise, it's best to postpone the vote until these conditions are met.
The two forms of organisations are corporations and subchapter S corporations. The most common type of corporation is a C corporation, which is double-taxed, meaning that shareholders and the company as a whole are both subject to taxes on dividend income. A Subchapter S corporation, on the other hand, allows for pass-through taxation, which means that rather than the firm itself paying taxes on its profits, those profits are instead transferred to the shareholders for inclusion on their individual tax returns. This could result in tax savings for small businesses with fewer shareholders.
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