Answer: Monopolistic competition
Explanation:
This is a market in which large numbers of producer sells differentiated products in terms of quality or branding. The ability to differentiate the products makes it possible for the different firms to practice price discrimenation which is further strengthen through advertising of the product, the price differences may force a firm out of the market if the demand for it's products falls significantly.
At the market opening, a customer purchases 200 shares of an S&P 500 Inverse ETF (-1x) at $50 per share. At the end of that day, the S&P 500 Index declines by 10%. The next day, the index partially recovers and closes up 5%. What is the market value of the 200 shares position?
A. $9,450
B. $9,500
C. $10,450
D. $10,500
Answer:
C. $10,450
Explanation:
The computation is shown below:
Since the 200 shares are purchased for $50 per share. So, the share value is $10,000. And, in the question it shows an inverse relationship that means if the index declines by 10% the position would rise by 10% . So, the share value would be
= $10,000 + $10,000 × 10%
= $10,000 + $1,000
= $11,000
Now the index recovered by 5%
that means the ETF reduced by 5%
So,
= $11,000 × 95%
= $10,450
Aundria's husband passed away in 2017. Since then, she has maintained a home for herself and her son, Brandon (15). If she does not remarry by December 31, which filing status is most advantageous for her to use on her 2019 return and what is her standard deduction?
Single; $12,200.
Qualifying widow(er); $24,400.
Married filing separately; $12,200.
Head of household; $18,350.
Answer:
Qualifying widow(er); $24,400.
Explanation:
If she has a dependent child and has not remarried until two years after her husband's death, she can file as Qualifying Widow (Widower) with Dependent Child.
The capability needs for a new software-intensive telecommunicationssystem are well understood, but funding is not available to meet all thecapabilities at once. The user is willing to field a basic system initially andadd the rest of the capabilities over a period of three years. Whichdevelopment model is best suited for this project? [27a. Given a software-intensivesystem (such as a telecommunications or guidance system), select an appropriate softwaredevelopment methodology.][Remediation Accessed :N]
a.Incremental model
b. Spiral model
c. Waterfall model
d. Life cycle model
Answer: Option A
Explanation: The incremental construct model refers to a application development approach whereby, until the project is completed, the system is planned, installed and evaluated progressively. This includes growth as well as upkeep. When it meets for all its specifications, the product is described as completed.
The product is broken down into various different features, each of which is independently designed and constructed (as setups). When finished, each element is shipped to the customer. This helps the item to be partly used and prevents a long period of production.
Williams Company computed its cost per equivalent unit for direct materials to be $2.60 and its cost per equivalent unit for conversion to be $3.75. A total of 250,000 units of product were completed and transferred out as finished goods during the month, and 36,000 of equivalent units remained unfinished at the end of the month. The amount that should be reported in ending Work in Process Inventory is:
A. $93,600.
B. $135,000.
C. $1,816,100.
D. $1,587,500.
E. $228,600.
Answer:
The answer is E.$228,600.
Explanation:
Please find the below for detailed explanations and calculations:
The amount of each Work in Process Inventory will be equal to:
Cost per equivalent unit for direct materials + Cost per equivalent unit for conversion = 2.60 + 3.75 = $6.35.
The amount of total 36,000 ending equivalent units Work in Process Inventory should be reported, is calculated as:
The amount of each Work in Process Inventory x Amount of ending equivalent units Work in Process Inventory = 6.35 * 36,000 = $228,000.
So, the answer is E.$228,600.
The management team has asked you to reschedule the project so it finishes two weeks earlier without spending more money. They haven't removed any requirements from the project. Which technique would you use to shorten the project?
Select an answer:
fast-track
assign more experienced people to tasks on the critical path
crash the schedule
cut scope
Answer:
Crash the schedule.
Explanation:
Fast-track can complete the task earlier but takes more money. Assign more experienced people will cost the management more money. Cut scope reduces the project requirement and finishes the task earlier. Therefore, options A B and D can not be the answer.
Crash the schedule (option C) is the answer because it allocates enough resources to complete the task earlier without spending more money.
Consider two jobs, Job 1 and Job 2, to be processed on a single machine. It takes 7 days to process job 1, whereas the processing time of job 2 is 4 days. If the production is switched from ob 1 to job 2, then the set-up takes 2 days. On the other hand, if the production is switched from ob 2 to job 1, the set-up time reduces to 1 day. The processing of the jobs cannot start before the beginning of Day 3 and both jobs are due at the beginning of Day 20. Let x1 and x2 be two integer variables representing the start date in days for job 1 and job2 4- Two jobs will not be processed concurrently: If job 1 precedes job 2, then the start date of job 2 must be greater than or equal to start date of ob 1 plus the processing of job 1 and the set-up time If job 2 precedes job 1, then the start date of job 1 must be greater than or equal to start date of job 2 plus the processing of job 2 and the set-up time Use indicator variable(s) representing the order of processing and mathematically formulate the constraint(s) that are verbally written above using indicator variable(s) and big M(s). Calculate the minimum value of M that would work. (Hint: What are the ranges for x1 and x2?)
Answer:
No job uses more than one machine simultaneously . No machine processes more than one job simultaneously. Only 3 hours will be needed to complete the jobs.Explanation:
However, Job 2 can be completed at time 3 which is late by 1 hour.
Suppose that the processing times are exponentially distributed.
Let
The processing rate of job j on machine 1 The processing rate of job j on machine 2Expected make span is minimized by processing the jobs in the descending (high to low) order of processing
Make span is the completion time of the last job processed. Although make span is defined as a completion time of a job, it actually measures how long the production facility should remain open.
Under the terms of a divorce agreement entered into in 2018, Kim was to pay her husband Tom $7,000 per month in alimony, Kim's payments will be reduced to $3,000 per month when their 9 year-old son becomes 21. The husband has custody of their son.
For a 12 month period, Kim can deduct from gross income (and Tom must include in gross income):
a. $36,000.
b. $0.
c. $60,000.
d. $48,000.
e. None of these choices are correct.
Answer:
a. $36,000
Explanation:
Since the total payment is $7,000 which is reduced to $3,000 because of child
The $4,000 reflects the payment of the child. This $4,000 is come from
= $7,000 - $3,000
= $4,000
So, only $3,000 for 12 months would be allowed as a deduction from gross income
So, the total amount for deduction would be
= $3,000 × 12 months
= $36,000
When both parties agree to definitize a contract change before the work is begun, the change is made contractually through a __________.
Answer:
Supplemental agreement
Explanation:
A supplemental agreement is an agreement which is modified (but not replaced and/or rearranged) with the mutual understanding and consent of both the parties involved. The binding spirit of the contract is not affected because of this modification, nor the mutual considerations to be transferred. The reason behind a supplemental agreement could be anything, it might be because for the inclusion of some important consequences that were previously left unmentioned, which could have increased the contractual inadequacy risk for both the parties or any reason detrimental to legal and/or financial capacity of the parties involved.
Baldwin’s product Bold has material costs that are rising from $6.82 to $7.82. Assume that period costs and other labor costs remain unchanged.
If Baldwin decides to absorb the cost and not pass any on to its customers in the form of raised prices how many units of product Bold would need to be sold next round to break even on the product?A. 854B. 970C. 1,019D. 1,021
Answer:
B. 970
Explanation:
Step 1. Given information.
When we are calculating break-even there is no question of unsold amount and hence the inventory cost will be irrelevant.
Let 'B' be the break-even quantity.
Step 2. Formulas needed to solve the exercise.
At breakeven,
Sales($) - Variable Cost($) - Period Cost($) = 0
Step 3. Calculation and Step 4. Solution.
or,
17B - (7.82+1.8)B - 7161 = 0 B = 7161/(17 - 9.62) = 970d. Suppose a fourth investment, W, is available. It offers an expected return of 15%, and it has a standard deviation of 9%. If Sharon is risk averse, can you say which investment she will choose? Why or why not? Are there any investments that you are certain she will not choose? (Select the best answer below.)
Answer:
See below.
Explanation:
A risk averse investor always chooses lower returns and lower risks as compared to higher risk and higher returns. Standard deviation being the risk, Sharon will chose an investment that gives a better relationship between return an the risk factor. In a risk return trade off scenario, which associates probabilities to returns, a risk averse investor will chose an investment that gives a higher probability of smaller but more secure return than the opposite. For example if there was an other investment with 12% return but SD of 4%, Sharon would have opted for this as it provides more security.
Since the information is limited as per the question, Hope this helps.
For the IBM bond quote below, assuming a settlement date of 8/25/14, what is the dirty price of this bond? Use the bid price when calculating dirty price.A. 113.055B. 113.357C. 115.595D. 115.604E. 116.054
Answer:
Face value of bond, annual rate of interest and issue date is not mentioned in the question in absence of it exact answer cannot be calculated. However, brief explanation of topic in question is given under.
Explanation:
Dirt price is the full price a buyer (or investor) pays to buy a bond. It equals the quoted price plus accrued interest. It compensates the seller for the accrued interest she/he earned but not yet received.
To calculate it divide the number of days since the last interest payment by 360. For example, if 15 days interest has been accrued and market value of bond is 1000 $ than by dividing 15 by 360 you get 0.0417. Multiply your result by the annual interest payment (say $ 60) to determine the accrued interest. In this example, multiply 0.0417 by $60 you get $2.50 that is accrued interest. Add the accrued interest to the bond’s market value to calculate its dirty price. Concluding the example, add $2.50 and $ 1000 to get a dirty price of $ 1002.5.
Consider a two-step mortgage for $150,000, 30 years, monthly payments, an initial interest rate of 5%, a cap of 5%, and a single rate adjustment at the end of year 7. Assume that the index rate at the end of year 7 is 5% and the margin is 2%. If the borrower pays an extra $100 with each payment starting in month 85, by how many months will he shorten the term of the loan
Answer:
Consider the following calculations
Explanation:
This 2-step mortgage problem requires a 2-step solution.
To solve for the PMT for the last 23 years of the loan, we first need to know what the principal is at the end of the 7th year.
Thus, step I uses the initial info to solve for the PMT for each month of the first 7 years. N=360, I/Y=5(%)/12 = 0.416667(%), PV=150,000, => PMT = 805.
The discount rate will change to 5% index rate plus 2% margin = 7% at the beginning of the 8th year.
In Step II we first determine the remaining balance at the end of year 7. This requires using the amortization worksheet.
On the TI BA II Plus, AMORT is the secondary function of PV.
Set P1, the periods at which the calculations begin, equal to 1. We cursor down to P2, which is the last period of the calculation, and set it equal to 84. Cursoring down once again, we see that BAL at month 84 = 131,917.52.
Going back to the TVM row, we set PV remaining at the end of 23 years = 131,917.52. I/Y is calcluated as 5(%) index rate plus 2(%) margin =7%; dividing 7(%) by 12 = 0.583333(%). N=360-84 = 276 months left.
Finally, we solve for PMT = 962.89.
Tasteequik Food markets one line of food products to consumers looking for meals that are very simple and quick to prepare. Tasteequik also offers another line of food targeted to people interested in low-fat, high-nutrition foods.
Tasteequik's strategy of dividing the market into groups that want similar things from the products they buy is an example of:A) benefit segmentation.
B) demographic segmentation.
C) volume segmentation.
D) target segmentation.
Answer:
Letter A is correct. Benefit segmentation.
Explanation:
Benefit segmentation is a marketing strategy that consists of dividing your audience according to the benefits or advantages perceived by the consumer when purchasing a product or service. Segmentation can occur according to various variables such as performance, customer service, special features, quality, and more.
There are several benefits added to this benefit segmentation strategy, especially the conversion of interest in the product or service into new customers, as well as customer retention and satisfaction.
To be successful and achieve the benefits described, segmentation must be designed and targeted to create marketing and advertising that engages the customer and assists in building brand value.
Electronika International is a fast-growing small company specializing in consumer electronics. Managers at Electronika International are exploring the idea of using the "Big Five" personality dimensions in hiring and improving work-related behaviors and job performance.When hiring new employees, e-commerce managers should look for people who have a high level of _____, which is the most valuable "Big Five" personality dimension for predicting job performance.
A. extraversion
B. openness to experience
C. conscientiousness
D. introversion
E. locus of control
Answer:
Letter C is correct. Conscientiousness.
Explanation:
In this case, conscientiousness is the most appropriate personality trait for hiring new employees, as a high score in conscientiousness usually characterizes individuals with higher levels and a sense of self-discipline. These are methodical and organized individuals who are highly likely to be high-performing employees because of their ability to control their impulses, their reliability, and their organization to meet predetermined goals and plans.
Final answer:
E-commerce managers should focus on the conscientiousness trait in the Big Five personality dimensions when hiring, as it is highly indicative of a job performance.
Explanation:
When hiring new employees, e-commerce managers at Electronika International should look for individuals with a high level of conscientiousness, as it is the most valuable of the "Big Five" personality dimensions for predicting job performance. Conscientiousness pertains to traits such as competence, self-discipline, thoughtfulness, and achievement-striving, which are indicators of a diligent and dependable employee. Research has shown that conscientiousness is positively correlated with job performance and is essential for onboarding success.
If you were a raising peaches, apricots or nectarines Pearblossom or Little Rock, or growing hay and alfalfa outside of Palmdale or Lucerne, in the western Mojave, all crops that had relatively high water needs, could you rely on precipitation to sustain your crops? How would you be likely to get water for your crops – where would this water probably come from?
College business.
Answer: no I wouldn't rely on precipitation.
Explanation:
I wouldn't rely on precipitation because these crops have a very high need for water that only natural source can't suffice.
Irrigation water can be used as a source, can come from groundwater, through springs or wells, surface water , through rivers, lakes, or reservoirs, or even other sources , such as treated wastewater or desalinated water .
Employees performed services in 2016, but got paid in 2017. Apply the matching concept to this example. In which year would the wage expense be reported on the income statement under [a] the cash basis or [b] the accrual basis? Why?
Answer:
a) Cash basis - 2017
b) Accrual basis - 2016
Explanation:
Requirement a)
The wage expense would be reported in 2017 on the income statement under the cash basis. According to the cash basis accounting, the expenses have occurred only when the cash is paid. Therefore, whatever the employees did in 2016 would not be reported as an expense if they did not get the payment in 2016. Managers cannot apply the matching principle in Cash basis accounting.
Requirement b)
The wage expense would be reported in 2016 on the income statement under the cash basis. It matches with the matching principle. It is a matching concept example. According to the accrual basis accounting, the expenses would be reported whenever the employees performed for the company regardless of getting paid on that year or not.
As part of the overall systems engineering process, there are three software engineering/development approaches. When using the _____________ Approach, development activities are performed in order, with possibly minor overlap, but with little or no iteration between activities. Incremental Evolutionary Waterfall Spiral
When using the Waterfall Approach, development activities are performed in order, with possibly minor overlap, but with little or no iteration between activities.
Explanation:
There is a seamless execution of software operation with perhaps a slight variation, but little or no repetition. User standards are identified, requirements are described and the whole system is designed, intended and tested at one moment in time for ultimate delivery.
A document-based approach better suited to structures of strongly precedent and reliable requirements.
Sometimes referred known as the great linear and sequential model, the waterfall model is also quite linear and sequential for the activity flow in this model, as its title suggests.
In the context of software engineering, developing activities in sequence with limited overlap or iteration is characteristic of the Waterfall approach. The Waterfall model is a sequential process that progress downwards through various phases.
The software engineering approach that involves carrying out development activities in order, with little or possibly minor overlap, and with minimum to no iteration between activities is called the Waterfall approach. The Waterfall model is a sequential design process, where progress is seen as flowing steadily downwards (like a waterfall) through the phases of conception, initiation, analysis, design, construction, testing, production/implementation, and maintenance.
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Suppose the demand for cigarettes is perfectly inelastic, while the supply of cigarettes slopes upward from left to right. The equilibrium price of cigarettes is $5 and the equilibrium quantity is 100 packs
a) Draw the market for cigarettes given the information above. Label the equilibrium point, axes, and any ntercepts
b) What would happen if the price of cigarettes were $6 per pack and not at the equilibrium of $5 per pack? Would it stay at $6 per pack? Briefly explain.
c) Suppose that as a result of government anti-smoking campaigns, the demand for cigarettes decreases to 80 packs (but is still perfectly inelastic). What would happen to the equilibrium price (increase, decrease, not change)? What is the new quantity?
Answer:
See below and the picture attached.
Explanation:
For a)
Find the attached image. The initial equilibrium is at EQD1 and Price = 5, the quantity demanded at this level is 100 cigarettes.
For b)
When the price rises to $6, the supply curve for cigarettes shift outwards to supply 2 while the inelastic demand stays the same. This forms and equilibrium of Price 2 and EQD1, qty demanded is still at 100 packs. It would stay the same as there is no demand loss pressure from inelastic demand.
For c)
When the demand falls to 80 packs but remains inelastic, there is a horizontal demand curve shift to the left, from D1 to D2. This forms a new equilibrium with Price = p3 that is less than the equilibrium price of $5. The new quantity demanded and supplied will form a new equilibrium for D2 = 80 packs but price less than the initial P1.
Hope that helps.
Which of the following is not an accurate statement about culture?Although most cultural variables are universal, the forms these variables take differ from culture to culture.Most cultural variables are not superficial and can not be easily influenced by environmental factors.Cultural variables can not be easily isolated from other factors such as economic and political conditions.Within a culture, everyone responds to particular cultural variables the same way.
Answer:
The answer is the last one, "Within a culture, everyone responds to particular cultural variables the same way."
Explanation:
Why don't everyone in a culture respond the same way to particular variables?
The answer is actually simple.
Its because all though culture can be seen as a collective conscious and a set of values, not every one shares it!
at the individual level, different individuals may have different opinions, values, opinions and perceptions. These individual characteristics are heavily influenced by the family, economic conditions, upbringing, education level and even the political atmosphere.
Because of this we can not say 100% that a everyone responds to particular cultural variables the same way.
The inaccurate statement about culture is that everyone within a culture responds to cultural variables the same way. Culture is dynamic, with variables influenced by various factors and expressed differently among individuals within a society. Cultural universals, like the family unit, though common to all societies, may differ significantly in their practice.
Explanation:The statement "Within a culture, everyone responds to particular cultural variables the same way" is not an accurate depiction of culture. Culture is not a monolith; individuals within a particular culture may respond to cultural variables differently based on their personal experiences, identities, and social positions. Culture is dynamic, and while it can influence individuals, they also have agency and can influence culture in return.
Cultural variables are an interplay of many facets of human life including economic, political, and social elements. They are not isolated and evolve continually in response to both internal and external factors. Moreover, variability within a culture can sometimes be as significant as the differences between cultures.
One example of a cultural universal is the concept of the family, which is recognized in all societies, although its definition and function can vary significantly between different cultures. This illustrates that while certain cultural aspects are widely shared, they can also differ greatly in their expressions from one society to the next.
To the extent that Italian Americans have intermarried with Anglo Americans and are proportionately represented in various societal institutions, they have experienced:
(A) minitorization
(B) ethnic loss
(C) structural assimilation
(D) acculturation
Answer:
The correct answer is (C) structural assimilation
What is market segmentation? List the steps in the market segmentation process.
Answer:
Market segmentation refers to a term in which there is a division of large markets into the smaller ones and this segregation is based on the customers which are having similar characteristics, wants or needs.
Following are the steps included in the market segmentation process:-
a) Market potential will be forecasted
b) Market share will be estimated
c) Market segments would be chosen
d) Formation of users profile
Answer:
hes right ^^
Explanation:
Jack and Jill’s Place is a nonprofit nursery school run by the parents of the enrolled children. Since the school is out of town, it has a well rather than a city water supply. Lately, the well has become unreliable, and the school has had to bring in bottled drinking water. The school’s governing board is considering drilling a new well (at the top of the hill, naturally). The board estimates that a new well would cost $3,025 and save the school $580 annually for 10 years. The school’s hurdle rate is 8 percent.
A nonprofit nursery school is evaluating the cost-effectiveness of drilling a new well, with this situation highlighting broader issues of global water crises and the importance of sustainable solutions for clean water and sanitation.
Explanation:The question pertains to a nonprofit nursery school considering drilling a new well to replace an unreliable water source. The school must evaluate the financial viability of this project, factoring in the initial cost, annual savings, and hurdle rate. The broader context raises significant issues surrounding the provision of clean water and sanitation, as well as the economic and health impacts of water crises affecting communities globally. Drilling a new well is a microcosm of these larger challenges, and must be considered alongside sustainable solutions like clean water delivery and adequate sewage treatment. Such infrastructure investments often yield significant returns through improved health, productivity, and reduced environmental impact, as indicated by the World Health Organization's statistics and the Flint, Michigan crisis. Moreover, alternative local water treatment methods such as home filtration, chlorination, and solar disinfection offer sustainable and cost-effective approaches over expensive bottled water.
Luther is a successful logistical services firm that currently has $5 billion in cash. Luther has decided to use this cash to repurchase shares from its investors, and has already announced the stock repurchase plan. Currently Luther is an all equity firm with 1.25 billion shares outstanding. Luther's shares are currently trading at $20 per share.With perfect capital markets, what is the market price per share of Luther's stock after the share repurchase?A) $25B) $24C) $15D) $20
Answer:
Total market value of shares
= 1.25 billion x $20
= $25 billion
Market value of the share after share repurchase
= $25 billion - $5 billion
= $20 billion
Number of shares repurchased
= $5 billion/$20 per share
= 0.25 billion shares
Number of shares outstanding after the share repurchase
= 1.25 billion shares - 0.25 billion shares
= 1 billion shares
Market price per share after repurchase
= $20 billion/1 billion shares
= $20 per share
The correct answer is D
Explanation:
The market value of the company's shares should be calculated which is a function of number of shares outstanding multiplied by market price per share. Then, we will calculate the market value after the share repurchase by deducting the value of share repurchase from the total market value. we also need to calculate the number of shares repurchased by dividing the cash available by market price per share. Number of shares outstanding after the share repurchase is the difference between the total number of shares and the number of shares repurchased. Finally, the market price per share after the share repurchase is calculated by dividing the market value of shares after repurchase by the number of shares outstanding after repurchase.
The market value of the company's shares should be computed as a function of the number of outstanding shares multiplied by the market price per share. Hnce option D is correct.
What is the share repurchase ?The market value after the share repurchase will be calculated by subtracting the value of the share repurchase from the total market value. We must also compute the number of shares repurchased by dividing the available cash by the market price per share.
The difference between the total number of shares and the number of shares repurchased is the number of shares outstanding after the share repurchase.
Finally, the market price per share following share repurchase is calculated by dividing the market value of shares after repurchase by the number of shares outstanding following repurchase.
Total market value of shares
= 1.25 billion x $20
= $25 billion
Market value of the share after share repurchase
= $25 billion - $5 billion
= $20 billion
Number of shares repurchased
= $5 billion/$20 per share
= 0.25 billion shares
Number of shares outstanding after the share repurchase
= 1.25 billion shares - 0.25 billion shares
= 1 billion shares
Market price per share after repurchase
= $20 billion/1 billion shares
= $20 per share
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What are consumer motives?
Explanation:
The motivation for consumption comes from individual needs and desires, which may occur consciously and unconsciously. To meet their needs and wants, people identify and buy products and services that are compatible with their satisfaction.
There are several surveys and studies that seek to identify consumer behavior and explain how the purchasing decision process occurs. One of the most widespread theories in the world is Maslow's theory, which presented a hierarchy of needs that aims to identify a priority system of human needs satisfaction, divided into five parts, which are arranged in order of importance:
physiological, safety, love, esteem and self-actualizationThis theory is of great relevance to help marketers target their strategy according to the priority and need of individuals, including in their campaigns messages that send the consumer a sense of urgency for the product or service, directing marketing communication to the bottom of the hierarchy, which is the consumer's priority.
Answer:
sonk
Explanation:
The motivation for consumption comes from individual needs and desires, which may occur consciously and unconsciously. To meet their needs and wants, people identify and buy products and services that are compatible with their satisfaction.
There are several surveys and studies that seek to identify consumer behavior and explain how the purchasing decision process occurs. One of the most widespread theories in the world is Maslow's theory, which presented a hierarchy of needs that aims to identify a priority system of human needs satisfaction, divided into five parts, which are arranged in order of importance:
physiological,
safety,
love,
esteem and
self-actualization
This theory is of great relevance to help marketers target their strategy according to the priority and need of individuals, including in their campaigns messages that send the consumer a sense of urgency for the product or service, directing marketing communication to the bottom of the hierarchy, which is the consumer's priority.
Using percentages or ratios based upon unforeseen differentials in prices, Forward Pricing Rates Agreements (FPRAs) protect the contractors by allowing an extra amount above and beyond the estimated quoted prices. Which of the following is NOT an example of an FPRA rate?
A. Rates for indirect materials
B. Rates for corporate outings
C. Rates for spare parts provisioning
D. Rates for material obsolescence and usage
Rates for corporate outings is NOT an example of an FPRA rate
Explanation:
The FPRA is an agreement between an entrepreneur and a governmental agency in which some indirect charges are determined over a set period of time. All such rates are price forecasts used for cost agreements and contract changes.
By using an FPRA the contracting system can be accelerated by removing the need for audit and analysis of rates. The Contracting Officer (COO) oversees the prices of the contracting party. The ACO should always be asked any questions about the prices. After a FPRA is reached, a copies of the agreement should always be provided for in any ensuing proposal.
Your supervisor has placed you in charge of hiring a new, full-time administrative assistant for your department.
1. Prepare an advertisement for that position that complies with federal law. This advertisement must be detailed. The minimum length of your job description must be 300 words (approximately three-fourths of a page). You can make up the job details but must include the following:
a. A job description
b. A description of the job duties
c. A description of the minimum qualificatios
2. Prepare 10 illegal questions that must not be asked. For each question, be sure to justify your reasoning.
3. Prepare 10 legal questions that may be asked during the interview. For each question, be sure to justify each question.
Answer:
Consider the following description
Explanation:
1. Job Description: Administrative Assistant
Reports to
Office Manager/Department Manager
Position Summary
This position is responsible for assisting the Office Manager in managing the activities of the executive office.
Responsibilities
Provides efficient and professional administrative support to Depart Manager/Finance Manager.
Plans and schedule meetings, responds to various inquiries both external and internal, manages communications via phone calls, e-mail etc.
Organizes and acurately maintainsfiling system of confidential information.
Coordinates activities with other executives to ensure timely completion.
Reviews, analyzes and reports on periodic expenditures.
Qualifications
Completion of high school; university/ college degree an asset;
Minimun 5 years experience as executive assistant to Deparment manager;
Excellent communication skills- Excel, Power Point , Word;
Strong organization, planning and time management skills;
2). 10 illegal questions that must not be asked
What’s your religion or do you celebrate religious holidays?
There is no reason for an employer to ask you about your religion or about any holidays you observe.
Are you pregnant?
What’s your race/nationality?
It is illegal for an employer to ask you questions about race or skin color, where you were born, or remark upon your accent.
How old are you?
The Age Discrimination in Employment Act (ADEA) protects people over the age of 40, who work in companies with more than 20 employees, from employment discrimination.
Do you have any disabilities or health problems?
Under Title I of the Americans with Disabilities Act (ADA), an employer may not discriminate against a qualified candidate who is disabled, and must make "reasonable accommodations" for physically or mentally impaired employees.
Do you use drugs, alcohol or smoke?
"Have you ever been arrested?"
You are innocent until proven guilty; therefore, it is illegal for an interviewer to ask if you've ever been arrested.
"What type of military discharge did you receive?"
An employer may not ask whether you received an honorable or dishonorable discharge.
"Have you ever filed for bankruptcy?"
Questions about your financial status, whether you own a home, or have previously had wages garnished are off-limits.
"Do you belong to any organizations?"
It's inappropriate for an interviewer to ask whether you are affiliated with or are a member of any political, social, or religious groups- including unions.
"What is your maiden name?"
An interviewer can't discriminate on the basis of gender or marital status. Recruiters may not ask different questions of female and male applicants or of married and unmarried women. It's also inappropriate for an employer to ask if you're planning to have a family or have young children.
Most of these questions are illegal because they violate the protected class status as defined by the Civil Rights Act of 1964. That Act specifically states that no one will be denied employment based upon their sex, race, color, religion, national origin and it was recently expanded to cover sexual orientation/preference. There’s also the Age Discrimination Act of 1975, Americans with Disabilities Act and the Pregnancy Discrimination Act of 1978.
3). 10 legal questions that may be asked uring an interview:
Let us take the case of above mentioned illegal questions which can be asked in legal manner.
Religion or Creed Questions
Can you work on Saturdays/Fridays
National origin question
Verifying legal U.S. residence or work visa status.
What languages do you speak, read or write fluently?
Citizenship question
Do you have the legal right to remain permanently in the US?
What is your visa status (if no to the previous question).
Are you able to provide proof of employment eligibility upon hire?
Marital status question
After hiring, marital status on tax and insurance forms.
Parental status question
Is there any reason you can't start at 7:30 am?
Can you work overtime?
Whether an applicant can meet specified work schedules or has activities or commitments that may prevent him or her from meeting attendance requirements.
After hiring, asking for dependent information on tax and insurance forms
Criminal record question
Have you ever been convicted of a crime?
Disability question
Can you perform the specific tasks/duties of the job?
After hiring, ask about medical history on insurance forms
Age question
Are you over the minimum age for the hours or working conditions?
After hiring, verifying info with birth certificate or other ID. Insurance forms can inquire about age
Residence questions
Inquiries about the address to facilitate contact with the applicant.
Will you be able to start work at 8:00 am?
Maiden name questions
You can ask for your full name or whether you've worked under another name - in order to check your employment history.
A detailed job advertisement for an administrative assistant includes a job description, duties, and minimum qualifications following federal law. At least 10 illegal and 10 legal interview questions are also provided, including justifications regarding their legality and relevance to the role.
Job Advertisement for Administrative Assistant
Job Description: We are seeking a highly organized and proactive Administrative Assistant to join our dynamic team. The successful candidate will provide comprehensive administrative support, ensuring the smooth operation of our department. This full-time role requires excellent communication skills, a high school diploma, and experience in a secretarial role.
Job Duties: Responsibilities include managing schedules, coordinating meetings, and maintaining records. The Administrative Assistant will also be responsible for handling correspondence, preparing reports, and supporting team projects. A focus on effective time management and prioritization is essential to meet the dynamic needs of the department.
Minimum Qualifications: The ideal candidate will be a high school graduate with significant secretarial experience, demonstrating increasing responsibility. Proficiency in office software, attention to detail, and the ability to multitask are required to excel in this position. Commitment to professional development and continuous learning is also expected.
Illegal Interview Questions
"What is your marital status?" - This question is not relevant to job performance and violates privacy.
"Do you have any children or plan to?" - Questions about family planning are illegal as they can lead to discrimination.
"What is your religious affiliation?" - It's illegal to ask about religion as it's not pertinent to job abilities.
"How old are you?" - Discrimination based on age is prohibited.
"Where were you born?" - This can be discriminatory against nationality and is irrelevant to the job duties.
"Do you have any disabilities?" - This is illegal unless the question pertains to reasonable accommodations for the job.
"What is your sexual orientation?" - This is not related to job performance and is a violation of privacy.
"Have you ever been arrested?" - Inquiries should focus on convictions, not arrests.
"What is your political affiliation?" - Political beliefs are not relevant to job performance.
"Do you drink socially?" - Personal habits are not relevant unless they affect job performance.
Legal Interview Questions
"Can you describe your previous administrative experience?" - Relevant to assess qualification.
"How do you manage priorities when handling multiple tasks?" - Pertains to job-related skills.
"Are you able to perform the essential functions of the job with or without reasonable accommodation?" - Ensures candidates can fulfill job duties.
"What interests you about working in this role/company?" - Assesses candidate's motivation and fit.
"Can you provide examples of how you've handled a difficult situation in the workplace?" - Evaluates problem-solving abilities.
"How do you maintain accuracy and attention to detail in your work?" - Core competency for the role.
"What computer software are you proficient in?" - Necessary technical skills check.
"Can you work overtime if required?" - Important for assessing availability and flexibility.
"Describe a time when you improved a process." - Shows initiative and efficiency.
"How do you handle confidential information?" - Security and confidentiality are crucial for this role.
Rhine Company sets price equal to cost plus 40%. Recently, Rhine charged a customer a price of $280 for an item.
What was the cost of the item to Rhine?
a. $580
b. $340
c. $200
d. $185
e. $120
Answer:
Option (C) is correct.
Explanation:
Given that,
Price of an item charged by the Rhine company = $280
Rhine company sets price = Cost + 40% of cost
Let the cost of an item to Rhine be x,
Hence,
Price = x + 40%(x)
$280 = x + 0.4x
$280 = 1.4x
x = $280 ÷ 1.4
= $200
Profit for Rhine = Price - cost
= $280 - $200
= $80
Therefore, the cost of the item to Rhine is $200.
Tanya's employer offers a cafeteria plan that allows employees to choose among a number of benefits. Each employee is allowed $6,000 in benefits. For 2019, Tanya selected $3,420 ($285 per month) of parking, $1,780 in 401(k) contributions, and $800 of cash. How much must Tanya include in taxable income?
Tanya must include $3,420 in taxable income.
Explanation:Tanya must include $3,420 in taxable income.
In a cafeteria plan, the amount an employee contributes to certain benefits, such as parking and 401(k) contributions, is tax-free. However, any cash received from the cafeteria plan is taxable income. In this case, Tanya selected $3,420 of parking and $1,780 of 401(k) contributions, which are not taxable. But the $800 of cash she received is considered taxable income.
Therefore, Tanya must include $800 in taxable income.
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You must evaluate a proposal to buy a new milling machine. The base price is $120,000, and shipping and installation costs would add another $15,000. The machine falls into the MACRS 3-year class, and it would be sold after 3 years for $70,000. The applicable depreciation rates are 33%, 45%, 15%, and 7% as discussed in Appendix 12A. The machine would require a S6,000 increase in net operating working capital (increased inventory less increased accounts payable). There would be no effect on revenues, but pretax labor costs would decline by $46,000 per year. The marginal tax rate is 35%, and the WACC is 12%. Also, the firm spent $5,000 last year investigating the feasibility of using the machine. ) What is the milling machine's terminal (non-operating) cash flow at the end of year 3?
A. $76,000
B. $54,440
C. $51,500
D. $54,808
Answer:
Option (D) is correct.
Explanation:
Cost = base price + shipping and installation costs
= $120,000 + $15,000
= $135,000
Depreciation Year 1 = 33% × 135000
= 44,550
Depreciation Year 2 = 45% × 135000
= 60,750
Depreciation Year 3 = 15% × 135000
= 20,250
Accumulated Depreciation on machine at the end of year 3 :
= Depreciation Year 1 + Depreciation Year 2 + Depreciation Year 3
= 44,550 + 60,750 + 20,250
= 125,550
Hence Book Value at the end of year 3 = $135,000 - $125,550
= $9,450
Sale Value = $70,000
Gain on sale of asset = $70000 - $9450
= $60550
Tax on gain on sale of asset = 35% × 60550
= $21,192.5
Hence, net cash flow from sale of asset = $70,000 - $21,192.5
= $48,807.5
Terminal Cash Flow:
= Net Cash flow from sale of asset + net working capital
= $48,807.5 + $6,000
= $54,807.5 or $54,808
Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock, $5 par value. During the first year, the company earned $330,000 of net income, declared no dividends, and the following selected transactions occurred in the order given: Issued 120,000 shares of the common stock at $48 cash per share. Reacquired 18,000 shares at $43 cash per share. Reissued 6,500 shares from treasury for $44 per share. Reissued 6,500 shares from treasury for $42 per share.
Answer:
cash 5,760,000 debit
common stock 600,000 credit
additional paid-in 5,160,000 credit
--to record issuance of shares---
Treasury Stock 774,000 debit
Cash 774,000 credit
--to purchase treasury stock--
Cash 286,000 debit
retained earnings 35,500 debit
Treasury Stock 318,500 credit
--to record reissuance of treasury stock--
Explanation:
We debit cash and credit the equity account, common stok at par value and additional paid in for hte difference
For the purchase of treasury stock is done at cost, we credit the cash disbursement.
For the third as we are selling for a lesser amount we are "lossing" but as the accouting do not allow to record gain/loss on the trade of own stock we use additional paid in when positive and we decrease retained earnings when negative.
Net profit from stock transactions is calculated by subtracting the total purchase price and any transaction fees from the total sales price. Examples provided include transactions for Nike, Panda Express, and Wal Mart stocks.
Explanation:The student is asking about transactions related to stock issuance, treasury stock transactions, and calculating net profit from buying and selling shares of stock from different companies.
To calculate net profit from stock transactions, one must consider the initial purchase price, the selling price, and any transaction fees. The net profit is determined by subtracting the total purchase price and the transaction fees from the total sales price.
For example, if you bought 1000 shares of Nike at $24.50 per share and sold them at $39.75 per share, your gross profit would be (1000 shares x $39.75) - (1000 shares x $24.50). Then, you need to subtract the transaction fees from the gross profit to get the net profit. Following this method, you can calculate the net profit for each stock purchase and sale provided in the question.
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