Answer:
PMT = $95,000
Rate = 4%
Life = 8 years
a. Amount to be deposited today
= PV(Rate, N, -PMT)
= PV(4%, 8, -95,000)
= $639,610.76
b. Amount in account after 3rd withdrawal
= PV(Rate, N, -PMT)
= PV(4%, 5, -95,000)
= $422,913.12
c. Balance in account after 8th withdrawal
= = PV(Rate, N, -PMT)
= PV(4%, 0, -95,000)
= $0
d. How much would you have at the end of 8 years?
= FV(4%, 8, -639610.76)
= $875,351.49
Which of the following is incorrect in terms of data warehousing and business intelligence? Group of answer choices Operational information is mainly current Does not include information from other operational applications Operational information frequently has quality issues Operational systems are integrated
Answer:
Operational systems are integrated.
Explanation:
A data warehouse can be defined as a large collection of data gathered or collected from various sources within an organization and managed to provide a guide for making decisions by the management.
This ultimately implies that, a data warehouse avails the management of an organization the ability to collect, analyze and manage data in order to gain meaningful insights and aid in the decision-making process.
In terms of data warehousing and business intelligence, the following statements are true and correct;
I. Does not include information from other operational applications.
II. Operational information is mainly current.
III. Operational information frequently has quality issues.
Carlsbad Corporation's sales are expected to increase from $5 million in 2019 to $6 million in 2020, or by 20%. Its assets totaled $3 million at the end of 2019. Carlsbad is at full capacity, so its assets must grow in proportion to projected sales. At the end of 2019, current liabilities are $1 million, consisting of $250,000 of accounts payable, $500,000 of notes payable, and $250,000 of accrued liabilities. Its profit margin is forecasted to be 4%. Assume that the company pays no dividends. Use the AFN equation to forecast the additional funds Carlsbad will need for the coming year. Write out your answer completely. For example, 5 million should be entered as 5,000,000. Round your answer to the nearest dollar. $
Answer:
Answer is explained and solved in the explanation section below.
Explanation:
Data Given:
First we need to clearly extract the data from the question.
Sales of the year = 5000000
Increase in Sales (%) = 20%
Profit Margin = 4%
Retention Ratio = 100%
Dividend Payout = 0
1. Increase in Assets necessary to support increase in Sales = Increase in Sales x total Assets = 20% x 3000000 = 600000
2. Increase in Liabilities necessary to support increase in Sales = Increase in Sales x Total Liabilities Accounts payable + Accrued Liabilities + other payables = 20% x 500000 = 100000
3. Net Income = 5000000 x (1 + 0.20) x 4% = 240,000
So Addition of Retained Earnings = 100% = 240,000
4. AFN = Increase in Assets - Increase in Liabilities - Increase in Retained Earnings = 600000 - 100000 - 240000 = 260000
Under this scenario, the company would have higher level of retained earnings which would reduce the amount of additional funds needed.
On January 2, 2021, Miller Properties paid $28 million for 1 million shares of Marlon Company's 6 million outstanding common shares. Miller's CEO became a member of Marlon's board of directors during the first quarter of 2021.
The carrying amount of Marlon's net assets was $117 million. Miller estimated the fair value of those net assets to be the same except for a patent valued at $36 million above cost. The remaining amortization period for the patent is 10 years.
Marlon reported earnings of $54 million and paid dividends of $6 million during 2021. On December 31, 2021, Marlon's common stock was trading on the NYSE at $27.50 per share.
Required: 2. Assume Miller accounts for its investment in Marlon using the equity method. Ignoring income taxes, determine the amounts related to the investment to be reported in its 2021. (Do not round intermediate calculations. Enter all amounts as positive values. Enter your answers in millions rounded to 1 decimal places, (i.e., 5,500,000 should be entered as 5.5).):
a. Income statement million
b. Balance sheet million
c. Statement of cash flows
Operating cash flow million
Investing cash flow million
Answer:
A. Income statement $8.4 million
B. Balance sheet million $35.4 million
C. Operating cash flow million $1 million
Investing cash flow million=$28 million
Explanation:
a. Calculation for Income statement million
Using this formula
Income statement=Investment revenue -Patent amortization adjustment
Let plug in the formula
Income statement= ($54 million × 1/6)-([$36 million] × 1/6]÷10 years)
Income statement=$ 9.0-$0.6
Income statement=$8.4 million
Therefore Income statement million will be $8.4 million
b. Preparation of the Balance sheet million
Cost $28 million
Add Investment revenue $9.0 million
($54 million × 1/6)
Less Dividend ($1 million)
($6 million × 1/6)
Less Patent amortization adjustment ($0.6 million)
([$36 million] × 1/6]÷10 years)
Balance sheet million $35.4 million
($28 million+$9.0 million-$1 million-$0.6 million)
Therefore Balance sheet million will be $35.4 million
c. Preparation of the Statement of cash flows
Operating cash flow million=($6 million × 1/6)
Operating cash flow million= $1 million
Investing cash flow million=$28 million
Therefore Operating cash flow million will be $1 million while the Investing cash flow million will be $28 million.
You're getting the idea that Julio's departure may negatively affect the employees' job attitudes. You're concerned about employee levels of job satisfaction, job involvement, organizational commitment, perceived organizational support, and employee engagement. What would you like to do on your first week as restaurant manager
Answer:
Consider conducting a comprehensive, anonymous poll of the employees to determine if they are happy in their current positions.
Explanation:
In the given scenario an employee Julio is leaving, and you feel this may affect the other employees attitude.
The best action to take when you are concerned with employee satisfaction is to conduct a comprehensive, anonymous poll of the employees to determine if they are happy in their current positions.
As the poll is anonymous this will encourage employees to respond honestly.
The information gained will give insight on level of employee satisfaction.
Measures can now be taken to ensure improvement in levels of job satisfaction, job involvement, organizational commitment, perceived organizational support, and employee engagement.
ABC Co. had 600,000 shares of Common Stock, 40,000 shares of Convertible Preferred Stock, and $3,000,000 of 6% Convertible Bonds outstanding during 2021. The Convertible Preferred Stock is convertible into 80,000 shares of Common Stock. During 2021, ABC Co. paid dividends of $4 per share on the Common Stock and $3 per share on the Convertible Preferred Stock. Each $1,000 Convertible Bond is convertible into 80 shares of Common Stock. The Net Income for 2021 was $1,600,000 and the income tax rate was 30%.
Calculate basic earning per year of common stock for the year ended January1 31, 2104.
If company's preferred stock were convertiable into common stock what additional calculation would be required?
Answer:
a. Net income for 2021 $1,600,000
Less: Preferred dividends $120,000 (40000*$3)
Net income for Common Stockholders $1,480,000
Divide by Common Shares outstanding 600,000
Basic Earnings per share for 2021 $2.47
b. If company's preferred stock were convertible into common stock, diluted earnings per shares will also have to be calculated.
Ethical Concerns in Human Resources
Ethics refers to fundamental principles of right and wrong; ethical behavior is behavior that is consistent with those principles. HRM decisions should be ethical, but the evidence suggests that is not always the case. Many ethical issues in the workplace involve HRM. In the context of ethical human resource management, HR managers must view employees as having basic rights. This activity is important because it will give you an opportunity to examine the four principles for ethical behavior and the basic rights employees should expect in the work environment.
HR managers must view employees as having basic rights, for such a view reflects ethical principles embodied in the U.S. Constitution and Bill of Rights. Organizations often face situations in which the rights of employees are affected. Ethical, successful companies act according to four principles: emphasizing mutual benefits, employees assuming responsibility for the actions of the company, companies having a sense of purpose or vision that employees value, and emphasizing fairness. The goal of this activity is to discuss ethical issues in human resource management.
Read each work situation, then correctly match it to the ethical concern it represents.
1. Right of freedom of speech
2. Right of privacy
3. Right of freedom of conscience
4. Right to due process
5. Right of free consent
Match each of the options above to the items below.
A. Mike, a new employee, was distressed to learn that he was expected to help with the illegal dumping of medical waste.
B. One of the important messages of HIPPA (the Health Insurance Portability and Accountability Act) is the need to keep employee health records confidential.
C. Sharon complains because the employer hired her for the day shift, but now she is expected to work the midnight shift.
D. Many companies establish Employee Assistance Programs (EAPs), which offer employees many important benefits, including a complaint process so that employees will feel free to share their concerns.
E. Ed felt he was being demoted because of his age, not of his performance, so he asked for a meeting with the director of HR.
Answer:
Ethical Concerns in Human Resources
Matching Ethical Issues with Ethical Concerns:
A. Mike, a new employee, was distressed to learn that he was expected to help with the illegal dumping of medical waste.
3. Right of freedom of conscience
B. One of the important messages of HIPPA (the Health Insurance Portability and Accountability Act) is the need to keep employee health records confidential.
2. Right of privacy
C. Sharon complains because the employer hired her for the day shift, but now she is expected to work the midnight shift.
5. Right of free consent
D. Many companies establish Employee Assistance Programs (EAPs), which offer employees many important benefits, including a complaint process so that employees will feel free to share their concerns.
1. Right of freedom of speech
E. Ed felt he was being demoted because of his age, not of his performance, so he asked for a meeting with the director of HR.
4. Right to due process
Explanation:
Data:
Ethical Concerns:
1. Right of freedom of speech
2. Right of privacy
3. Right of freedom of conscience
4. Right to due process
5. Right of free consent
b) Ethical principles:
Mutual benefits: This principle refers to equity in sharing benefits and costs.
Assumption of responsibility: This principle demands accountability with responsibility.
Having a sense of purpose or vision: This principle refers to the fulfilment of purpose that is considered reasonable by others.
Fairness: The principle requires the absence of favoritism and discrimination.
The Changing Workforce The composition of the modern labor force is changing rapidly. Increasing diversity in race, ethnicity, and gender, a shift in age distribution, and a shift in the skill levels required of the workforce have created new challenges for human resource professionals. It is critical for human resource managers to be aware of the changing trends in workforce composition because these trends will impact the organization's options for creating an internal labor force with the skills and motivation to help the organization gain a competitive advantage
Read the case below and answer the questions that follow Jennifer thought she had done a good job as her company's HR director in terms of forecasting employee needs, but there were clearly some trends that she had not anticipated. The most significant of these trends was the huge increase in the number of immigrants now living in the local community. Although these newcomers were willing and capable of performing many jobs in the company's plant, there were some definite issues with language and cultural differences.
Jennifer also sensed some reservation on the part of long-time employees toward accepting the newcomers. Jennifer now knows she needs to be proactive in preventing workforce issues and making the best use of this new group of potential employees. Which of the following is not a trend in the composition of the labor force impacting HRM practices today?
a. skills needed have shifted away from physical strength
b. older workers are staying in the workforce longer
c. younger workers between 16 and 24 will be fewer
d. asian and other groups are the fastest growing category
e. more women are in the pald labor force than in the past
Answer:
e. more women are in the paid labor force than in the past
Explanation:
The labor force is also known as the work force. It is defined as the labor pool that is either in the employment or the unemployed. It generally describes those people who are working for an organization.
The workforce today is changing and is different from the early days. The modern labor force is rapidly changing. There is a huge challenge for the HR professionals as there is increase in the diversity of race, gender, ethnicity , age distribution and the requirement of skills. Now-a-days more and more women are engaged in the paid labor force as compared to the early days. More women are learned and skilled and work under a paid labor force. They have shown success in many fields and are sometimes better performer than men.
Thus now more women are in the paid labor force when compared to the past.
The financial planning process begins with ________ financial plans that in turn guide the formation of ________ plans and budgets.
Answer:
Long-term; short-term.
Explanation:
A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year. Budgets are usually compiled, analyzed and re-evaluated on periodic basis.
The first step of the budgeting process is to prepare a list of each type of income and expense that will be part of the budget.
The final step by the management of an organization in the financial decision making process is making necessary adjustments to the budget.
The benefits of having a budget is that it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.
Hence, the financial planning process begins with long-term financial plans that in turn guide the formation of short-term plans and budgets.
The first step in the decision-making process is to a. define your wants and needs b. identify your choices c. make a decision d. gather information Please select the best answer from the choices provided СА OB C Save and Exit Mark this and return
the first step is identify your choices
Q#1. How would you describe the word “CAREER” Explain in 5-7 sentences.
PLZ HELP IĹL GIVE BRAINLIEST !
Answer:
A carreer si a job youĺl havefor the res of you time on earth, tbh it seems boring dont do it .
Explanation:
g Chelsea can either take a bus or drive to work. A bus pass costs $30 per week, whereas driving costs $70 per week (parking, tolls, gas, etc). A one-way trip to work lasts 24 minutes longer by bus than by car. She works 5 days a week and neither time spent driving nor riding the bus enters her utility directly. Will Chelsea take the bus or drive if her wage rate is $7
Answer:
If Chelsea takes the bus then it will take 24 minutes longer to reach the work. And since Chelsea works 5 days a week total extra minutes that will be spent while riding bus to work will be equal to
= 24 * 5
= 120 minutes
And 120 minutes is equivalent to = 120/60 = 2 hours.
So in terms of money, taking the wage rate of $7 total money that will be spent not working while taking the bus will be equal to
= Wage rate * Hours spent not working while taking the bus
= $7 * 2
= $14
So, total amount spent not working while taking the bus to work is equal to $14 per week.
And there is also a direct cost for taking the bus is equal to $30 per week.
So total cost associated by taking the bus = Cost of not working while taking the bus + Direct cost for taking the bus
= $14 + $30
= $44
So, total cost associated with taking the bus is equal to $44 per week while the cost for driving car to work is equal to $70 per week.
So, as you can see taking bus to work cost $44 week while taking car to work $70. Now we can clearly see that taking bus to work cost ($70 - $44) = $26.
So, Chelsea must take the bus to work since the cost of taking bus $26 less than the cost of taking car to work.
The following information is available for Trinkle Company for the month of June:
a. The unadjusted balance per the bank statement on June 30 was $56,037.
b. Deposits in transit on June 30 were $2,215.
c. A debit memo was included with the bank statement for a service charge of $11. A $5,281 check written in June had not been paid by the bank.
d. The bank statement included a $950 credit memo for the collection of a note. The principal of the note was $920, and the interest collected amounted to $30.
Required:
Determine the true cash balance as of June 30.
Answer:
$52,971
Explanation:
To arrive at the true cash balance, we use the Bank Reconciliation Statement.
The Bank Reconciliation Statement adjusts the Bank Statement amount with items that are recorded in the Cash Book but not in the Bank Statement.
These include Deposits in transit and Payments already made in Cash Book.
Bank Reconciliation Statement
Balance as per Bank Statement $56,037
Add Outstanding Lodgements $2,215
Less Unpresented Checks ($5,281)
Balance as per Cash Book $52,971
Conclusion :
Thus, the true cash balance as of June 30 is $52,971
Sales (8,700 units) $ 269,700 $ 31.00 Variable expenses 174,000 20.00 Contribution margin 95,700 $ 11.00 Fixed expenses 54,100 Net operating income $ 41,600 Required: (Consider each case independently): 1. What would be the revised net operating income per month if the sales volume increases by 90 units
Answer:
Missing word "Required: Prepare a new contribution format Income Statement under each of the following conditions (consider each case independently): 1. The sale volume increases by 90 units. 2. The sales volume decreases by 90 units"
a. Contribution Income Statement
Total Per unit
Sales (8,790 units) $272,490 $31.00
Variable Expenses $175,800 $20.00
Contribution Margin $96,690 $11.00
Fixed Expenses $54,100
Net Operating Income $42,590
b. Contribution Income Statement
Total Per unit
Sales (8,610 units) $266,910 $31.00
Variable Expenses $172,200 $20.00
Contribution Margin $94,710 $11.00
Fixed Expenses $54,100
Net Operating Income $40,610
Puppy Co. reports the contribution margin income statement for 2020.
Puppy CO. Contribution Income Statement For Year Ended December 31, 2020
Sales (9,600 units at $225 each) $2,160,000
Variable costs (9,600 units at $180 each) 1, 728,000
Contribution margin 432,000
Fixed costs 324,000
Net operating income $108,000
Required:
a. Compute the company's degree of operating leverage for 2019.
b. If sales decrease by 5% in 2020, what will be the company's pretax income?
c. Assume sales for 2020 decrease by 5%. Prepare a contribution margin income statement for 2020.
Answer: See explanation
Explanation:
a. Compute the company's degree of operating leverage for 2019.
This will be:
= Contribution / Pre tax income
= 432000 / 108000
= 4
b. If sales decrease by 5% in 2020, what will be the company's pretax income?
We should note that the degree of operating leverage is:
= % change in pre tax income / % change in sales
4 = % change in ore tax Income / 5%
% change in ore tax income = 5% × 4 = 20%
Company's pre-tax income will be:
= 108000 - (20% × 108000)
= 108000 - (0.2 × 108000)
= 108000 - 21600
= $86400
c. Assume sales for 2020 decrease by 5%. Prepare a contribution margin income statement for 2020.
Sales = 2160000 × 95% = 2160000 × 0.95 = 2052000
Less: Variable cost = 1728000 × 95% = 1728000 × 0.95 = 1641600
Contribution margin = 410,000
Less: Fixed cost = 324000
Pre tax net income= 86400
Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $140 each. Direct materials cost $22 per unit, and direct labor costs $15 per unit. Manufacturing overhead is applied at a rate of 280% of direct labor cost. Nonmanufacturing costs are $34 per unit. What is the gross profit margin for the cat condos
Answer:
43.57 %
Explanation:
The computation of the gross margin for the cat condos is given below:
Total Manufacturing Cost per unit is
= Direct materials + Direct labor + Manufacturing overhead
= $22 + $15 + ( 280% of $15)
= $79
Now
Gross Profit is
= Selling price per unit - Total Manufacturing Cost per unit
= $140 - $79
= $61
And finally
Gross Profit Margin is
= (Gross Profit ÷ Selling Price ) × 100
= ($61 ÷ $140) × 100
= 43.57 %
Brittany started a law practice as a sole proprietor. She owned a computer, printer, desk, and file cabinet she purchased during law school (several years ago) that she is planning to use in her business. What is the depreciable basis that Brittany should use in her business for each asset, given the following information?
Asset Purchase Price FMV at Time Converted to Business use
Computer $2,500 $800
Printer $300 $150
Desk $1,200 $1,000
File cabinet $200 $225
Answer:
For tax purposes, assets that are converted to business use from personal, should use the lesser of the Fair Market Value (FMV) at the time of conversion or the cost of the asset.
Computer.
The FMV is less than the purchase price so the depreciable basis is:
= $800
Printer
The FMV is less than the purchase price so the depreciable basis is:
= $150
Desk
The FMV is less than the purchase price so the depreciable basis is:
= $1,000
File Cabinet
The purchase price is less than the FMV so the depreciable basis is:
= $200
At the end of the current year, Accounts Receivable has a balance of $2,150,000; Allowance for Doubtful Accounts has a debit balance of $10,500; and sales for the year total $51,850,000. Using the aging method, the balance of Allowance for Doubtful Accounts is estimated as $110,000.
a. Determine the amount of the adjusting entry for uncollectible accounts.
b. Determine the adjusted balances of (i) Accounts Receivable (ii) Allowance for Doubtful Accounts (iii) Bad Debt Expense.
c. Determine the net realizable value of accounts receivable.
Answer:
a. Allowance for doubtful accounts = Unadjusted balance + Adjusted balance
= $10,500 + $110,000
= $120,500
b. i)The adjusted balance of accounts receivable shall be $2,150,000(adjusted debit balance)
ii) Adjusted balance = Bad debt expense - Unadjusted balance
= $120,500 - $10,500
= $110,000 (Adjusted credit balance)
iii) Adjusted bad debt expense = Unadjusted balance of allowance for doubtful accounts + Adjusted balance allowance for doubtful accounts
= $10,500 + $110,000
= $120,500 (Adjusted debit balance)
c. Net realizable value = Gross accounts receivable - Allowance for doubtful accounts
= $2,150,000 - $110,000
= $2,040,000
Bramble Corp. applies overhead on the basis of machine hours. Given the following data, compute overhead applied and the under- or overapplication of overhead for the period:
Estimated annual overhead cost $4100000
Actual annual overhead cost $4070000
Estimated machine hours 500000
Actual machine hours 495000
Answer:
$11,000 under applied
Explanation:
To compute the under or over applied overhead, we need to find out the predetermined overhead rate
Predetermined overhead rate = Total estimated manufacturing overhead ÷ Estimated machine hours
= $4,100,000 ÷ 500,000
= $8.2
Then, the overhead applied is;
= Actual machine hours × Predetermined overhead rate
= 495,000 × $8.2
= $4,059,000
Now, the under applied or over applied overhead is
= Actual annual overhead cost - Applied overhead
= $4,070,000 - $4,059,000
= $11,000 under applied
The shareholder-debtholder conflict refers to:________
a) When shareholders recognize that being socially responsible is not inconsistent with structuring the rights incentives for managers
b) When the primary goal of the financial manager is to maximize shareholder wealth and minimize bondholder wealth
c) When shareholders prefer risk and bondholders prefer to limit risk
d) When manager incentives are not properly aligned with those of the firm's shareholders and bondholders
e) When bondholders recognize that being socially responsible is not inconsistent with shareholder maximizing wealth
Answer:
C
Explanation:
The shareholder-debtholder conflict usually arises because shareholders would prefer the firm to engage in more risky business activities. This is because this has the potential to increase the income of the firm and as a result, the wealth of shareholders.
On the other hand debtholders would not want the firm to engage in risky activities because it might negatively affect the firm's ability to make its schedules payments to debtholders.
In order to protect themselves, debtholders usually draft a deb covenant which contains allowable activities of the firm
Explain what would happen if there was safety issue of renting the apartments
resulting in the decrease to 7 units? (Show computations) What would be new
equilibrium price and quantity.
Answer:
When quantity supplied decreases by 7 apartments at each rent, the new supply and demand schedule is given below:
Monthly rent QD QS
400 30 9
450 25 11
500 20 13
550 15 15
600 10 17
So, the new equilibrium price is $550 and quantity is 15.
Pack-and-Go, a new competitor to FedEx and UPS, does intra-city package deliveries in seven major metropolitan areas. The performance of Pack-and-Go is measured by management as: (1) delivery time (relative to budgeted delivery time), (2) on-time delivery rates (defined as agreed-upon delivery date/time plus or minus a specified cushion), and (3) percentage of lost or damaged deliveries. In response to competitive pressures, Pack-and-Go is evaluating an investment in new technology that would improve customer service and delivery quality, particularly in terms of items (2) and (3) above. The annual cost of the new technology, for each of the seven metropolitan areas serviced by Pack-and-Go, is expected to be $80,000. You have gathered the following information regarding delivery performance under both existing operations and after implementing the new technology:
Decision Alernative
After Implementing
Item Current System New Technology
On-time delivery rate 80% 95%
Variable cost per package lost or damaged $30 $30
Allocated fixed cost per package lost or damaged $10 $10
Annual number of packages lost or damaged 300 100
Based on a recent marketing study commissioned by Pack-and-Go, the company estimates that each percentage point increase in the on-time performance rate would lead to an annual revenue increase of $10,000. The average contribution margin ratio for packages delivered by Pack-and-Go is estimated as 40%.
Required:
1. From a financial perspective, should pack-and-Go invest in the new technology?
2. Based on the data collected by Pack-and-Go, the company is fairly confident about the reduction in costs associated with lost or damaged packages. However, because of uncertainties in terms of pricing in the markets in which Pack-and-Go operates, it is less sure about the predicted increase in revenues associated with the implementation of the new technology. What is the break-even increase in annual revenue that would justify the investment in the new technology?
Answer:
Pack-and-Go
1. From a financial perspective, Pack-and-Go should invest in the new technology. It will enjoy a contribution margin of 97.5%.
2. The break-even increase in annual revenue that would justify the investment in the new technology is:
Fixed cost = Contribution
$80,000 = Contribution - $8,000
= $72,000 ($80,000 - $8,000
Explanation:
a) Data and Calculations:
Expected cost of new technology investment = $80,000
Delivery performance:
Decision Alternative
After Implementing
Item Current System New Technology
On-time delivery rate 80% 95%
Variable cost per package lost
or damaged $30 $30
Allocated fixed cost per
package lost or damaged $10 $10
Annual number of packages
lost or damaged 300 100
Variable cost for lost or
damaged packages $9,000 (300*$30) $3,000 (100*$30)
Fixed cost for lost or
damaged packages 3,000 (300*$10) $1,000 (100*$10)
Total cost for lost or
damaged packages $12,000 $4,000
Increase in the on-time performance rate = 95% - 80% = 15%
Increase in annual Revenue = $10,000 * 15 = $150,000
Savings from lost or damaged packages = 8,000 ($12,000 - $4,000)
Total savings from new technology = $158,000
Annual cost of new technology = (80,000)
Net savings from new technology = $78,000
Contribution margin based on net savings = $78,000/$80,000 * 100 = 97.5%
Average contribution margin = 40%
Zeitler's Department Stores sells its products online and through traditional brick-and-mortar stores. The following parallel coordinates plot displays data from a sample of 20 customers who purchased clothing from Zeitler's either online or in-store. The data include variables for the customer's age, annual income, and the distance from the customer's home to the nearest Zeitler's store. According to the parallel coordinates plot, how are online customers differentiated from in-store customers?
Question Completion:
Choose the correct answer below
(1) in-store customers appear to be middle aged, have higher annual income and live further distance away from a store
(2) in-store customers appear to be generally younger, have lower annual income and live near a store
(3) Online customers appear to be generally younger, have higher annual income and live further distance away from a store
(4) Online customers appear to be middle aged, have lower annual income and live near a store
Answer:
Zeitler's Department Stores
Online and In-store Customers:
According to the parallel coordinates plot, online customers are differentiated from in-store customers in the following ways:
(3) Online customers appear to be generally younger, have higher annual income and live further distance away from a store
Explanation:
Younger persons tend to embrace technology more than their older counterparts. Based on this, they also engage on online purchasing of goods and services instead of visiting the traditional brick-and-mortar stores. With online purchase, a customer is in better control because she can search for the best deals from any location.
Wilson is expected to work 40 hours each week, be in the office for critical meetings, and to meet all agreed-upon deadlines. His manager, however, allows him to work flexible hours that best fit his personal commitments. This is an example of
Answer:
Employee empowerment
Explanation:
From the question we are informed about Wilson who is expected to work 40 hours each week, be in the office for critical meetings, and to meet all agreed-upon deadlines. His manager, however, allows him to work flexible hours that best fit his personal commitments. In this case, This is an example of Employee empowerment.
Employee empowerment can be regarded as ways organization serve he employees in that organization some certain degree of autonomy as well as control in daily activities. This could be allowing employee to have voice in improvement and others.
This is an example of employee empowerment.
Employee empowerment is a social process that takes place in the workplace, through which employees begin to acquire greater benefits than those mentioned when hiring.
Thus, employees are equated with bosses in terms of the flexibility of their demands within the company, as long as they fulfill their tasks efficiently.
Learn more in https://brainly.com/question/10699815
Consider a process that consists of three steps 1, 2 and 3. The required processing times and set-up times at each of the steps are listed below. There is unlimited space for buffer inventory between these steps, and there is no shortage of ram material. Show all work.
Process step 1 2 3
Set up time 50 min 120 min 0
Activity time 2 min/unit 1 min/unit 5 min/unit
Assume that the current production batch size is 100 units for all three steps. The demand is 10 units per hour. Which of the following statements are true for the current setting?
I. Step 1 is the bottleneck.
II. Flow rate is limited by demand.
III. We could reduce inventory in the system without decreasing flow rate.
a. I only
b. II only
c. III only
d. I and II
e. I and III
f. II and III
g. All of the above
h. None of the above
Answer:
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Explanation:
Consider the following limit order book for a share of stock. The last trade in the stock occurred at a price of $90.
Limit Buy Orders Limit Sell Orders
Price Shares Price Shares
$89.75 700 $89.80 125
89.70 1,000 89.85 125
89.65 700 89.90 350
89.60 200 89.95 125
88.65 800
Required:
a. If a market buy order for 125 shares comes in, at what price will it be filled?
b. At what price would the next market buy order be filled?
Answer:
(A) $89.80; (B) $89.85
Explanation:
A) A market buy order would be filled instantly at the best offer price i.e. the sell order with the lowest price which will also be the sell order that is topmost on the order book.
As such, a market buy order for 125 shares will be filled at a price of $89.80.
B) The next market buy order would be filled at the next best offer price after the order in (A) above has been filled. Accordingly, the next market buy order will be filled instantly at $89.85.
Given the products below and the events that affect them, indicate what happens to demand, supply, equilibrium quantity, and equilibrium price. Identify the determinant of demand and supply that causes the shifts.
a. Calculators. More schools require students to buy and use calculators; improved productivity shortens the time it takes to make calculators.
b. Gasoline. Oil production declines due to a crisis in the Middle East; people take more car vacations and drive more.
c. New homes. The average incomes fall as the economy moves into recession; the productivity of home construction workers and builders increases.
d. Tobacco. The government cut its subsidy to tobacco farmers; more people quit smoking.
Answer:
a. Increase in demand, Increase in supply & increases equilibrium quantity.
b. Decrease in supply, Increase in demand & increases the equilibrium price.
c. Decrease in demand, Increase in supply & decreases the equilibrium price.
d. Decrease in supply, decrease in demand & decreases the equilibrium price
Explanation:
a. More students imply increase in demand of calculators. Improved productivity implies increase in supply of calculators. Rightwards shift in demand & leftwards shifted supply increases equilibrium quantity.
b. Oil production decline implies decrease in supply. People's taste & preferences for vacations implies increase in demand. Rightwards shift in demand & leftwards shift in supply increases the equilibrium price.
c. Fall in income implies decrease in demand. Increase in construction workers' productivity implies increase in supply. Rightwards shift in demand & leftwards shift in supply increases the equilibrium price.
d. Decrease in subsidy imply decrease in supply. It also implies decrease in demand. Leftwards shift in demand & supply decreases the equilibrium price.
When the economy is doing well, the financial market is also guaranteed to do well.
True
False
The following errors took place in journalizing and posting transactions:
a. Cash of $8,800 received on account was recorded as a debit to Fees Earned and a credit to Cash.
b. A $1,760 purchase of supplies for cash was recorded as a debit to Supplies Expense and a credit to Accounts Payable.
Note: Prepare the entry to reverse the original entry first. Journalize the entries to correct the errors. If an amount box does not require an entry, leave it blank.
Solution :
a).
Cash account drawn $ 17600
To the fees earned is $ 8800
To the account receivable is $ 8800
(It is now rectified, being wrong entry made earlier)
b).
The accounts payable Dr 1760
To the supplies expenses is $ 1760
To supplies account Dr is 1760
Cash $ 1760
(It is now rectified, being wrong entry made earlier)
Larry is considering two investment strategies. The first strategy involves putting all of his available funds in Project X. If Project X succeeds, he will receive a $10,000 return, and if it fails, he will suffer a $2,000 loss. There is a 70% chance Project X will succeed and a 30% chance it will fail.
The second strategy involves diversification: investing half of his funds in Project X and half of his funds in Project Y (which has the same payoff structure as Project X).
If both projects succeed, he will receive a $5,000 return from Project X and a $5,000 return from Project Y, for a net gain of $10,000.
If both projects fail, he will suffer a $1,000 loss on Project X and a $1,000 loss on Project Y, for a net loss of $2,000.
If one project succeeds and one fails, he will receive a $5,000 return from the successful project and will suffer a $1,000 loss on the failed project, for a net gain of $4,000.
As with Project X, there is a 70% chance that Project Y will succeed and a 30% chance that it will fail. Assume that the outcomes of Project X and Project Y are independent. That is, the success or failure of Project X has nothing to do with the success or failure of Project Y.
The expected payoff from the first strategy (investing everything in Project X) is :__________
Answer: $6,400
Explanation:
The expected return is simply a weighted average of the different returns given their probability of happening.
If everything was invested in Project X, there is a 70% chance of success and 30% of failure. Payoff is $10,000 if successful and $2,000 if unsuccessful:
= (70% * 10,000) + ( 30% * -2,000)
= 7,000 - 600
= $6,400
Bledsoe Company acquired $35,000 cash by issuing common stock on January 1, Year 1. During Year 1, Bledsoe earned $10,500 of revenue on account. The company collected $10,000 cash from customers in partial settlement of its accounts receivable and paid $7,400 cash for operating expenses. Based on this information alone, what was the impact on total assets during Year 1?
A. Total assets increased by $38.500.
B. Total assets increased by $1800.
C. Total assets increased by $30100.
D. Total asset did not change.
Answer:
Total Assets Increased by $38,100
Explanation:
Calculation for the impact on total assets during Year 1
Using this formula
Impact on total assets during Year 1=Cash+Revenue-Cash paid for operating expenses
Let plug in the formula
Impact on total assets during Year 1=$35,000+$10,500-$7,400
Impact on total assets during Year 1=$=38,100 increase
Therefore the impact on total assets during Year 1 is that the Total Assets will Increased by $38,100