Market economic system
Dennisport Corporation has an acid-test ratio of 1.7. It has current liabilities of $56,000 and noncurrent assets of $87,000. The corporation's current assets consist of cash, marketable securities, accounts receivable, prepaid expenses, and inventory. Of Dennis Port current ratio is 2.3, its inventory and prepaid expenses must be:
Answer: $33600
Explanation:
Current liabilities = $56,000
Noncurrent assets = $87,000
First and foremost, we should note that:
Acid-test ratio = Current Assets / Current liabilities
Therefore,
1.7 = Current Assets / $56,000
Current assets = $56000 × 1.7
= $95,200
Also,
Current ratio = Current Assets / Current liabilities
Therefore,
2.3 = Current Assets / $56,000
Current assets = $56,000 × 2.3
= $128,800
Then, the inventory and prepaid expenses will be:
= $128,800 - $95,200
= $33,600
An example of a public want is a family wanting a new car.
O True
O False
Answer: False
Explanation:
What word is out of place? (Karlins text)
boat
O duck
O dog
O child
I think it's duck but i'm not 100% sure
7) In the cause-and-effect modeling, internal metrics, such as employee satisfaction,productivity, and turnover are considered to be ________ measures.
Answer:
Leading
Explanation:
The internal metrics like satisfaction of the employees would be considered as leading measures as it is very difficult to identify but easy to correct it. When the internal metrics such as employee satisfaction, turnover, productivity is to be considered than it is difficult to determine and access it but it can easily impact and changed as per the need.
Therefore the given situation represent the leading measures
Webster Corporation's monthly projected general and administrative expenses include $4,100 administrative salaries, $1,500 of other cash administrative expenses, $2,300 of depreciation expense on the administrative equipment, and .5% monthly interest on an outstanding bank loan of $29,000. Compute the total budgeted general and administrative expenses budget per month.
Answer:
$7,900
Explanation:
Computation for the total budgeted general and administrative expenses budget per month.
Monthly projected general and administrative expenses :
Arministrative salaries $4,100
Other cash administrative expenses $1,500
Depreciation expense on the administrative Equipment $2,300
Total budgeted general and administrative expenses budget per month $7,900
($4,100+$1,500+$2,300)
Therefore the total budgeted general and administrative expenses budget per month will be $7,900
3. Activities that help an organization to influence an target market is called....
Activities that help an organization influence a target market are called marketing strategies.
It is not the only job of a company to produce goods and services. They must also find out their probable buyers and promote their goods and services to the target market.
For this promotion, a marketing strategy is very much required. A marketing strategy refers to the process of understanding the group of buyers who would be interested in the product and then promoting it to them through commercials, newspaper advertisements, and free merchandise.
In the world of high monopolistic competition, companies spend millions only on these marketing strategies to get a hold of their customers and make a name for the brand in the market.
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Where can you find TCS process for Business Continuity Management?
The TCS process for business continuity management is handled by Head of Corporate Security for Asia, who manages fraud risk and information security.
A business is defined as an organization or enterprising entity engaged in business, business, or professional sports. Businesses may be for-earnings entities or non-income organizations. Enterprise sorts variety from constrained liability corporations to sole proprietorships, organizations, and partnerships.
Agencies assist society first through the distribution of goods and services which might be vital for survival. Moreover, they invent employment possibilities that help individuals inside the society earn an profits to have the funds for their desires.
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Willis Company made a $280,000 investment in new machinery. Assuming the company's margin is 7%, what income will be earned if the investment generates $570,000 in additional sales
Answer:
the income earned is $39,900
Explanation:
The computation of the income earned is shown below:
As we know that
Margin (%) = Income earned ÷ Sales revenue
Therefore,
Income earned = Additional sales Margin percentage
= $570,000 × 7%
= $39,900
hence, the income earned is $39,900
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Pelcher Company maintains a $480 petty cash fundOn January 31, the fund is replenishedThe accumulated receipts on that date represent $126 for office supplies172 for merchandise inventory, and for miscellaneous expensesThere is a cash overage of 6The journal entry to replenish the fund on January
Answer:
110$ is the answer of this question
What is the source of funds for transactions completed with debit cards
Answer:
The cardholder checking account
Explanation:
A debit card facilitates remote access to a customer's funds held in a checking account. The cardholder can make payments for goods and services using the money in their account through the debit card. Therefore, every debit card transaction reduces the customer's bank balance immediately. Should the customer have insufficient funds in their account, the payment will fail.
Answer:
Explanation:bank account
How does the use of a learning management system better link training to business strategy and goals?
Answer:
The utilization of such a learning platform ties preparation to company strategy including priorities throughout the following area.
Explanation:
Evaluating the knowledge gap including overseeing the preparation to address the distance to achieve business objectives. Recognizing as well as understanding the priorities of organizational performance as well as preparation. Monitoring the success of education to accomplish the objectives of training. Coordinate the learning program to meet both corporate objectives and specific objectives.Give the definition of ethics.
Answer:
Ethics or moral philosophy is a branch of philosophy that "involves systematizing, defending, and recommending concepts of right and wrong behavior". The field of ethics, along with aesthetics, concerns matters of value, and thus comprises the branch of philosophy called axiology.
Explanation:
Good faith in collective bargaining between a union and an employer does not include:_____.
a. being willing to compromise.
b. negotiating with the belief that an agreement is possible.
c. bargaining with the authority to enter into an agreement.
d. rejecting a proposal without offering a counterproposal.
Answer:
Good faith in collective bargaining between a union and an employer does not include:_____.
d. rejecting a proposal without offering a counterproposal.
Explanation:
Good faith bargaining involves a negotiation in which the employer and the union work amicably to achieve a reasonable agreement because they both have positive attitudes for positive outcomes. Therefore, for employers and workers’ unions to bargain in good faith always, they need to meet at reasonable intervals to reach agreements with respect to wages, hours, and others employment terms and conditions. Whenever a stalemate occurs, because unions and employers cannot agree without rancor, the unions may file unfair labor practice charges, wherein they allege that employers are not bargaining in good faith.
A company has net income of $225,000 and declares and pays dividends in the amount of $75,000. What is the net impact on retained earnings
Answer: Increase of $150,000
Explanation:
Net income = $225,000
Dividend = $75000
Retained earnings will be:
= Net income - Dividend
= $225,000 - $75,000
= $150,000
Based on the calculation above, the net impact on retained earnings is an increase of $150,000.
You are working as a summer intern for AAA Auditing, Inc. You have been asked to help resolve discrepancies
The correct answer to this open question is the following.
Your question is missing some important pieces of information or numbers.
What is the subject of the auditory? What are the discrepancies? Based on what you will be recommending solutions to solve discrepancies.
However, trying to help you with something, we can comment on the following general terms.
As a summer intern for AAA Auditing, Inc., you can help resolve discrepancies by showing the correct processes you used in your auditory. For instance, you can show the numbers reported in the accounts.
You will show the numbers verified in the checkmarks, showing accounts debited and credited in Merchandise Inventory, Estimated Returns Inventory, or Cost of Merchandise Sold.
This solid information can be interpreted but is a good way to prove how the numbers are in the department. So showing these numbers can be a solid proof of the state of the processes and will help you solve discrepacies.
Patek Phillippe is a prestigious brand of watch that is sold as a luxury product. It has a reputation based on quality and attention to detail. When the company introduces new timepieces, it can count on an existing, well-established market for its new products due to _______. a. perceptual generalization b. stimulus generalization c. selective distortion d. stimulus discrimination
Answer:
b. stimulus generalization
Explanation:
This reaction from the overall market population is due to stimulus generalization. Since potential customers that have been in the market have already seen the products that Patek Phillippe has already introduced and saw them as high-end luxury products, then the market automatically places any future product that Patek Phillippe releases as in the same category. They do this without doing any research or analyzing the product, instead, they solely categorize new products as luxury due to Patek Phillipe's brand.
Variance analysis is important to the management because:_____.
A. It helps management determine the reasons that actual costs varied from budgeted costs.
B. It helps management determine which department operated most efficiently.
C. It helps management determine the bottleneck of the production line.
D. All of the answers are correct.
Answer:
D. All of the answers are correct.
Explanation:
Given that Variance Analysis is a form of measuring and controlling methods used by a business management team to maintain and monitor the firm's planned cost and sales with the eventual outcome of cost spent and sales generated.
To achieve this, the process helps in determining the disparity between the actual costs of budgeted costs.
It also helps them to know which department is more productive and
It also helps to discover where the problems or difficulties exist in the production process
Hence, in this case, the correct answer is option D, All of the above. Because the option A to C satisfies the answer.
Explain why in a fixed-rate mortgage, the amount of the mortgage payment applied to interest declines over time, while the amount applied to the repayment of principal increases.
Answer:
In fixed rate mortgage, the amount applied to the repayment of principal increases as the payment involves lower proportion of principal amount and higher proportion of interest, while the payment made against mortgage being applied to interest decrease over time.
With maturing mortgage, the interest portion will decrease and the portion of principle underlying the payment will increase. The calculation of the interest charged on the mortgage is made of the present mortgage balance that remains outstanding which decrease with increase in the repayment of the principal. Hence, it is ascertained that the smaller the principal underlying mortgage is, the lesser will be the interest charged underlying the mortgage.
The following information is available for the Silver Company for the 3 months ended March 31, year 2. Merchandise inventory, January 1, year 2 $900,000 Purchases 3,400,000 Freight-in 200,000 Sales 4,800,000 The gross margin recorded was 25% of sales. What should be the merchandise inventory at March 31, year 2
Answer:
$900,000
Explanation:
The computation of the ending merchandise inventory is shown below:
= Cost of goods available for sale - Cost of goods sold
= Beginning inventory + Purchase made + direct expenses
= $900,000 + $3,400,000 + $200,000
= $4,500,000
And, the cost of goods sold is
= Sales - gross profit
= $4,800,000 - (25% of $4,800,000)
= $3,600,000
Now the ending merchandise inventory is
= $4,500,000 - $3,600,000
= $900,000
Addison Corporation is considering the purchase of equipment that would increase sales revenues by $250,000 per year and cash operating expenses by $100,000 per year. The equipment would cost $400,000 and have a 5-year life with no salvage value. The simple rate of return on the investment is closest to ________.
Answer:
17.5%
Explanation:
Calculation for The simple rate of return on the investment
First step is to calculate the Depreciation
Depreciation =$400,000/5 years
Depreciation = $ 80,000
Second step is to calculate the annual incremental net operating income
Sales Revenue $250,000
Less Cash Operating Expenses ($100,000)
Less Depreciation ($80,000)
Annual incremental net operating income $70,000
($250,000-$100,000-$80,000)
Last step is to calculate the simple rate of return on the investment using this formula
Simple rate of return=Annual incremental net operating income/Initial investment
Let plug in the formula
Simple rate of return=$70,000/$400,000
Simple rate of return=0.175*100
Simple rate of return=17.5%
The simple rate of return on the investment is closest to 17.5%
Through the capital budgeting process, financial managers will decide which ___________ the organization will fund.
Answer: project or investments
Explanation:
Capital budgeting is the process tbat us used by a business when the projects or investments that a particular business wants to undertake are critically looked into and the b at one is chosen.
Through the capital budgeting process, financial managers will decide which project or investments the organization will fund.
Sargent Corporation bought equipment on January 1, 2018. The equipment cost $360,000 and had an expected salvage value of $60,000. The life of the equipment was estimated to be 6 years. Assuming straight-line deprecation, the book value of the equipment at the beginning of the third year would be
Answer:
Book value= $260,000
Explanation:
First, we need to calculate the annual depreciation using the following formula:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (360,000 - 60,000) / 6
Annual depreciation= $50,000
Now, at the beginning of the third year, the asset accumulated depreciation two times.
Accumulated depreciation= 50,000*2 = 100,000
Finally, the book value:
Book value= purchase price - accumulated depreciation
Book value= 360,000 - 100,000
Book value= $260,000
Rick Wing has a repetitive manufacturing plant producing automobile steering wheels. Use the following data to prepare for a reduced lot size. The firm uses a work year of 305 days.
Annual demand for steering wheels 30,500
Daily demand 100
Daily production (8 hours) 800
Desired lot size (2 hours of production) 200
Holding cost per unit per year $10
What is the setup cost, based on the desired lot size?
Answer:
$5.74
Explanation:
Q* = 2DS / H[1-(d/p)]
Q² = 2DS / H[1-(d/p)]
S = (Q²)(H)[1 - (d/p) / 2D
Setup cost S = (200^2)*(10)*(1 - (100/800)) / 2*30,500
Setup cost S = 40000*10*0.875 / 61000
Setup cost S = 350000 / 61000
Setup cost S = 5.737704918032787
Setup cost S = $5.74
Chang Industries has 2,800 defective units of product that have already cost $14.80 each to produce. A salvage company will purchase the defective units as they are for $5.80 each. Chang's production manager reports that the defects can be corrected for $5.20 per unit, enabling them to be sold at their regular market price of $22.60. The Incremental Income or loss on reworking the units is:_______.A. $32,480 loss.B. $32,480 income.C. $14,560 loss.D. $47,040 income.E. $48,720 income.
Answer:
A. $32,480
Explanation:
Calculation for The Incremental Income or loss on reworking the units
First step is to calculate the incremental revenue from reworking
Incremental revenue from reworking= ($22.60- $5.80)
Incremental revenue from reworking (= $16.80
Second step is to calculate net benefit per unit to rework
Net benefit per unit to rework= 16.80- 5.20
Net benefit per unit to rework = $11.60
Last step is to calculate the incremental income from reworking
Incremental income from reworking= ($11.60* 2,800 units)
Incremental income from reworking = $32,480
Therefore The Incremental Income or loss on reworking the units is:$32,480
Coronado Industries has $16000 of ending finished goods inventory as of December 31, 2013. If beginning finished goods inventory was $11000 and cost of goods sold was $46000, how much would Coronado report for cost of goods manufactured
Answer:
$51,000
Explanation:
Coronado industries has $16,000 of ending finished goods
The beginning finished goods inventory is $11,000
Cost of goods sold is $46,000
Therefore the cost of goods manufactured for Corona report can be calculated as follows
=$46,000+($16,000-$11,000)
= $46,000+$5,000
= $51,000
Therefore the cost of goods manufactured is $51,000
One year ago, you bought shares of Aaon, Inc at $36.48 a share. You received a dividend of $1.62 per share last month and sold the stock today for $41.18 a share. What is the capital gains yield on this investment?
a) 11.41%
b) 15.62%
c) 4.44%
d) 12.88%
Answer: 12.88%
Explanation:
The following information can.be inferred from the question:
Purchase price of share = $36.48
Dividend = $1.62
Selling price = $41.18
Capital gain = $41.18 - $36.48 = $4.70
Capital gain yield:
= Capital gain / Purchase price × 100
= (4.70 / 36.48) × 100
= 0.1288
= 12.88%
Microsoft is weighing setting up an R&D facility in India to develop new software applications. Should it staff the new facility with Microsoft employees? Indian employees? Or should it subcontract with an Indian firm? Explain your answer and some of the potential challenges in implementing it.
Answer:
staff the new facility with Indian employees
Explanation:
This would be a good option considering the fact that this would be a new market environment they've not operated in before. By staffing the new facility with natives of the country who understand the Indian business environment better, such as
the ideal management styleunique business communication stylethe unique challenges to overcome.Additionally, Microsoft Corporation would be better positioned to carry out the needed research and development activities if conducts periodic training programs using expatriates.
At the most recent staff meeting of Hyperactive Media Sales, the general manager gave you instructions to make the laptops used by the salespeople as secure as possible. You have decided to implement a new advanced sign-in process for the users. How will you explain to the general manager how using new authentication methods makes the laptops more secure
Answer:
New authentication methods such as the picture password, 2 factor authentication method, biometric identification, etc ensure that authentication credentials are safe and cannot be stolen and used from another laptop.
New authentication methods gives tougher walls of security which cannot be easily broken into thereby leaving the system protected and secure.
Due to increasing activities of cyber criminals, new and more sophisticated authentication processes are being developed giving laptops and computer systems better security as attackers are unable to exploit passwords.
The Macaulay convexity of a single cash flow is 64 at an annual effective interest rate of 10%. Calculate the modified duration of this single cash flow.
A 7.3
B 7.6
C 8.0
D 8.4
E. 8.8
Answer:
A 7.3
Explanation:
Macaulay Convexity = 64, as about a single cash flow
Since it is a single cash flows, convexity is square the Macaulay duration of the bond.
Convexity = √Macaulay duration.
So, Macaulay duration = Convexity^(1/2)
Macaulay duration = Convexity^(0.5)
Macaulay duration = 64^0.5
Macaulay duration = 8
So, the Macaulay duration = 8 years
Now, Modified duration = Macaulay duration/(1+yield)
Modified duration = 8/(1+0.1)
Modified duration = 8/1.1
Modified duration = 7.27273
Modified duration = 7.3 years
Presented below is information available for Crane Company.
Current Assets
Cash $ 3500
Short-term investments 50000
Accounts receivable 56000
Inventory 80000
Prepaid expenses 25000
Total current assets $ 214500
Total current liabilities are $73000.
The acid-test ratio for Crane is:__________
Answer:
the acid-test ratio is 1.5 times
Explanation:
The computation of the acid-test ratio is as follows:
Acid test Ratio = Quick assets ÷ current liabilities
where,
Quick Assets is
= Cash + short tern investments + Account receivable
= $3,500 + $50,000 + $56,000
= $109,500
And, the current liabilities is $73,000
So, the acid-test ratio is
= $109,500 ÷ $73,000
= 1.5 times
Hence, the acid-test ratio is 1.5 times