Answer:
COGS: 22,000 x $23 = 506,000
Ending Inventory: 8,000 x $23 = 184,000
Explanation:
acquisition cost: 1,190,000
development cost: 200,000
restoration cost: 90,000
salvage value: (100,000)
depreciable amount 1,380,000
1,380,000 / 60,000 tons = 23 dollars per ton:
COGS: 22,000 x $23 = 506,000
Ending Inventory: 8,000 x $23 = 184,000
Use the following appropriate amounts to calculate net income: Revenues, $11,100; Liabilities, $4,400; Expenses, $3,400; Assets, $17,200; Dividends, $1,500.
Answer:
$7,700
Explanation:
The net income shows a difference between the revenues and the expense.
And, the same is reflected in the statement of the retained earnings
In mathematically,
Net income = Revenue - expenses
= $11,100 - $3,400
= $7,700
Since the revenue is more than the expense, so the firm has earned a net income of $7,700
Assume a large corporation is experiencing the principal-agent problem. What could the corporation do to minimize this problem? The company could
Answer:
1) Structure rewards/pay to be based on performance
2)Make them stakeholders/shareholders of the principal
Explanation:
The major principal/agent problem is the agent not acting in the best interest of the principal. Taking the steps above could minimize the problem
Miracle Mobile Devices, Inc., is a private, for-profit corporation that
(1) was formed for the purpose of manufacturing and distributing a newly patented tablet,
(2) is owned by five shareholders,
(3) is subject to double taxation, and
(4) has made no public offering of its shares. Miracle is_______.
Answer:
B. A close corporation
Explanation:
Based on the information provided within the question it can be said that Miracle Mobile Devices Inc. is a closed corporation. This term refers to company that is not a public corporation and does not surpass a predefined number of shareholders or stakeholders. Which both statements 2 and 4 defend this declaration.
A car increases its speed from 9.6 meters per second to 11.2 meters per second in 4.0 seconds. The average acceleration of the car during this 4.0-second interval is: a. 2.8 m/s2 b. 0.40 m/s2 c. 5.2 m/s2 d. 2.4 m/s2
Answer:
A
Explanation:
Average in a function of total meters per second divided by the number of seconds and all new information counter the first. Therefore 11.2/4.0 = 2.8
________ is a nonprofit agency sets up a website to channel investments from all over the globe into microloans to support local farms.
Answer:
If a nonprofit agency sets up a website to channel investments from all over the globe into microloans to support local farms, it will improve local productivity, hence more resources are consumed locally and also reduce international shipping.
Kiva is a nonprofit agency that sets up a website to channel investments from all over the globe into microloans to support local farms.
The nonprofit agency you are referring to is likely similar to Kiva, which is a microfinance organization. Kiva enables individuals with Internet access to make small donations, often as low as $25, to fund microloans for entrepreneurs in the developing world. These micro-loan programs play a significant role in connecting people globally and helping to support local farms and other small businesses by providing the necessary financial support that traditional banks do not offer.
Kiva's website displays various projects that need funding, allowing donors to choose specific ones to support. The loan recipients repay the loan with interest, thereby sustaining the cycle of lending. This method of crowd-source fundraising illustrates how globalization and technology can empower lower-income individuals and small enterprises.
A company regularly launches products with features that are different from what are offered in the market. It has now launched a new electronic device which can be fitted to vehicles. It can be programmed to automatically dial the police emergency number, provide them with the required location details, and guide them to the location in the case of an emergency. This is an example of a(n) _____ strategy
Answer: Differentiation strategy
Explanation: This refers to a strategy that a company uses to create a unique good or service that will separate consumers from the products or services provided by rivals better than or in another way.
Strategy for differentiation is a way of distinguishing a company from the opposition.This strategy is implemented by making innovations through research and development and helps an organisation to prepare a strong customer base fro the future.
Thus, from the above we can conclude that the given case depicts differentiation strategy.
One reason some economists doubt that patent protection encourages innovation is that economic studies show that inventors receive only __________________ of the total economic value of their inventions in countries that ______________ .
Answer:
one-third to one-half; already had patents
Explanation:
One reason some economists doubt that patent protection encourages innovation is that economic studies show that inventors receive only one-third to one-half of the total economic value of their inventions in countries that already had patents.
Final answer:
Economists question the effectiveness of patent protection as inventors receive just a fraction of the total economic value of their inventions, with the remainder benefiting others. Patent relevance is less in quickly advancing industries, and not all innovations can be patented. In addition, international variations in patent law enforcement further affect the incentive structure for innovation.
Explanation:
One reason that some economists doubt that patent protection encourages innovation is the unequal distribution of economic gains derived from inventions. A variety of economic studies indicate that in countries which already have patent systems in place, inventors receive only one-third to one-half of the total economic value of their inventions. This means that the remaining share of the benefits, often a significant majority, goes to other businesses, consumers, and potentially competitors, especially after the patent expires and generic alternatives become available.
In high-technology industries like biotechnology or semiconductor design, the pace of innovation is so rapid that patents may sometimes be less relevant because technology becomes obsolete quickly. Furthermore, not every type of innovation is patentable—such as certain business methods or training techniques—which further limits the incentive power of patents. Moreover, some argue that the duration of patents can also be problematic. The 20-year patent duration may be too long in some cases, allowing for an extended period of higher prices due to the lack of competition.
Lastly, the globalization of economies has impacted patent laws differently across the globe. Countries with underdeveloped legal and enforcement systems, such as some BRIC economies, may not incentivize innovation effectively because the protection for intellectual property is weak, and thus, the returns to inventors can be inadequately secured.
The acts of receiving shipments, breaking down shipments, repackaging shipments, and distributing components to a manufacturing location or finished products to customers by a distribution center is referred to as____________.
Answer: Cross docking
Explanation:
The cross docking is one of the logistics procedure in which the various types of goods and the services are directly distributed from supplier to the consumers.
The main aim of the cross docking process is that it helps in increase the efficiency in the supply chain and it is used for handling the inventory system.
It is the process in which the the shipment are received, repacking of the shipments and then it is supply to the customers by the distribution center.
Therefore, Cross docking is the correct answer.
Noneconomic groups, such as Texans for Public Justice and other groups working in the public interest, tend to be less powerful than economic interest groups.
A. True
B. False
Answer:
The correct answer is the option A: True.
Explanation:
To begin with, noneconomic groups are the ones that do not persuit economic profits but instead they seek for the common good and the improvement of the social communties regarding subjects such as the environment and more. Moreover, these groups tend to be bigger than the other ones but less effective and less powerfull as well due to the fact that they do not manage money and therefore they do not have influence or powerful contacts to make thins happen properly, instead they encourage people to act by letting them know the truth about controversial topics and therefore is that these groups commonly will be less powerful than the ones that do manage money.
Answer:
The correct answer is the option A: True.
Explanation:
To begin with, noneconomic groups are the ones that do not persuit economic profits but instead they seek for the common good and the improvement of the social communties regarding subjects such as the environment and more. Moreover, these groups tend to be bigger than the other ones but less effective and less powerfull as well due to the fact that they do not manage money and therefore they do not have influence or powerful contacts to make thins happen properly, instead they encourage people to act by letting them know the truth about controversial topics and therefore is that these groups commonly will be less powerful than the ones that do manage money.
Which of the following steps in a tactical decision-making model follows the step that involves the comparison of the relevant costs and benefits of each alternative?
a.Selecting the alternative with the greatest overall benefit
b.Assessing qualitative factors
c.Identifying the alternatives as possible solutions to the problem and eliminating any unfeasible alternatives
d.Recognizing and defining the problem
Answer: The correct answer is "b.Assessing qualitative factors".
Explanation: The Assessing qualitative factors follows the step that involves the comparison of the relevant costs and benefits of each alternative in a tactical decision-making model.
After an evaluation with a focus on costs, determined which decisions are profitable and which are not, the qualitative factors that emerge from each decision must be compared.
In a private not for profit, what would the entry to record the expiration of program restrictions include from the following?:
A. Credit Performance Expense
B. Credit Reclassification from Temporarily Restricted Net Assets
C. Debit Reclassification to Unrestricted Net Assets
D. Debit Reclassification from Temporarily Restricted Net Assets
Answer: The correct answer is : D. Debit Reclassification from Temporarily Restricted Net Assets
Explanation: Private nonprofit organizations must follow all FASB standards that apply when registering transactions. The financial statements requested for all non-profit non-governmental organizations are, financial statements, statement of activities and cash flow statements.
A client receiving hemodialysis undergoes surgery to create an arteriovenous fistula. Before discharge, the nurse discusses care at home with the client and his wife. Which statement by the client’s wife indicates that further teaching is required?
Answer:
statement: i don't understand?? can you be more clear please.
A customer opens an account at a brokerage firm to purchase securities in an offering. The customer must receive the disclosure document/prospectus:_________
A. no later than the confirmation of the sale
B. no later than the settlement of the transaction
C. within 7 days of the transaction
D. within 90 days of the transaction
Answer:
The correct option is A
Explanation:
NASAA stands for North American Securities Administrators Association,which describe or states that falling to provide or supply to customer, the purchasing securities in an offering.
It should be done at no later than the confirmation date of the transaction, either a preliminary prospectus or a final prospectus and an extra document, which altogether contained all the information stated in the final prospectus.
Therefore, the customer should receive the disclosure document on no later date than confirmation of the sale.
Which of the following is a discrete quantitative variable?
A. The Dow Jones Industrial average
B. The volume of water released from a dam
C. The distance you drove yesterday.
D. The number of employees of an insurance company
Answer:
D. The number of employees of an insurance company.
Explanation:
The variable that measures the numbers such as height, number of people, shoe sizes is called the discrete quantitative variable. Therefore, option "D" is the answer. Anyone can measure the number of employees. It is not continuous process too.
The volume of water cannot be measured with a specific value, and the Dow Jones Industrial average is not a certain value. So, those options are incorrect either. Although Option "C" can be measured with a value, it cannot be interrupted and continuous process. Hence, it is also wrong.
The discrete quantitative variable is D. The number of employees of an insurance company.
A discrete quantitative variable is one that takes on distinct, separate values with no intermediate values possible. Let's analyze the options:
A. The Dow Jones Industrial Average: This is not a discrete quantitative variable. It represents the average stock prices of 30 large, publicly-owned companies, and it can take on any real number value, not just distinct, separate values.
B. The volume of water released from a dam: This could be a discrete quantitative variable if the volume is measured in distinct units, such as cubic meters. For example, if the dam can release water in units of 1, 2, 3 cubic meters, it would be discrete.
C. The distance you drove yesterday: This is not a discrete quantitative variable. Distance can be measured in continuous values, such as miles or kilometers, and can take on any real number value, not just distinct ones.
D. The number of employees of an insurance company: This is a discrete quantitative variable. It takes on distinct, separate values, such as 1, 2, 3 employees, and cannot have fractional or continuous values.
So, the correct answer is D. The number of employees of an insurance company is a discrete quantitative variable.
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Lewis is a sales representative for his company. He is attending a company training program about the types of expenses that are considered legal deductions for tax purposes and how to distinguish between personal expenses and business expenses. Lewis is attending training to improve his ________ skills.
Answer:
Lewis is attending training to improve his Ethical skills.
Explanation:
Ethical Skills:
Those qualities or skills that make us ethical like honesty, integrity, responsibility, accountability etc. which are useful for the well being of a society and personal character.
In this scenario, as Lewis is a sales representative but he is attending a training program to distinguish between personal expenses and business expenses as well as legal deductions for tax purpose. Because he wants to pay taxes to the states fairly and this behavior shows us a ethical skill.In your professional life, the personal expenses are those expenses which are not tax deductible like coming to office from home but business expenses are tax deductible like travelling for a business meeting.Terri lives in a city that has a huge public rose garden. Residents can stroll through therose garden, enjoy the scenic vistas, or have a picnic, all without paying a fee. Thepublic rose garden is a good that is best described as:
A. rival and excludable.
B. nonrival and excludable.
C. rival and nonexcludable.
D. nonrival and nonexcludable.
Answer:
D. nonrival and nonexcludable.
Explanation:
The city's rose garden is open to the public and therefore referred to as a public good. Additionally, a public good whose consumption by one or more person does not deplete the amount left for others is called a non-rival good; the garden is therefore a non-rival good because if one person enjoys the view, it does not reduce the consumption by other people. It is also non-excludable because it is almost impossible to prevent anyone from viewing the garden.
Paul's uses the group depreciation method for its fleet of trucks. When it retires one of its trucks and receives cash from a salvage company, the carrying value of property, plant, and equipment will be decreased by the
a) cash proceeds received.
b) cash proceeds received and original cost of the truck.
c) original cost of the truck.
d) original cost of the truck less the cash proceeds.
Answer:
A) cash proceeds received.
Explanation:
If you have a fixed asset and you fully depreciate it, it will still maintain its estimated salvage value. Therefore when the asset is sold and the salvage value is received, the value of the vehicles account should decrease while cash account should increase.
No matter what depreciation method you use, in order to calculate how much you will depreciate, you must subtract the salvage value from the asset's purchase value. That means that even if the asset has been fully depreciated, it will still maintain its salvage value.
Amy, the manager of a branch location of a large travel firm, treated company resources as if they were her own and encouraged continued development and training of her employees. She cared about the staff deeply and even organized international volunteering activities to promote their growth. Amy could best be described as which type of leader:A) situationalB) sharedC) laissez-faireD) servantE) transactional
Answer:
Correct answer is (D) Servant Leader
Explanation:
Servant Leader or leadership style is a form of leadership philosophy in which the main objective of the leader is providing increase services to others.
Amy believed by developing the employees, they will be motivated to do more for travel firm to expand.
The "implicit debt" accompanying the Social Security and Medicare programs is:
a. substantially greater than the national debt.
b. approximately equal to the national debt.
c. about half the size of the national debt.
d. about one tenth the size of the national debt.
Answer: a. substantially greater than the national debt
Explanation:
A few months before, a major B2B supplier raised prices of its products 10 percent to cover changes in market conditions. He was surprised to find how the orders from his normal customers plummeted. His normal order was $1,100. After the price increase, the average order dropped by 25 percent. He became concerned that customers might look elsewhere. For this reason, he decided to start offering discounts. When one of his loyal customers, David, purchases $950 worth of product for his firm, the supplier gives David the terms "4/20 net 30." He wants to maintain his relationship with David and would ideally like to receive payment in less than a month. Refer to Scenario 19.3. Consider how the average order amount changed when prices were raised $75. The elasticity of demand is _______. With this in mind, the product can best be described as _______.
Answer:
Elastic demand
Explanation:
Elastic demand states when there is a change in the price of a product the quantity demanded changes. An increase in price may lead to a decrease in demand whereas, a decrease in price may lead to an increase in quantity demanded.
In this case we see when the B2B supplier increase its price, the orders dropped by 25%. Which proves that it is an elastic demand.
If an increase in price leads to no changes or increase in quantity demanded then it is called inelastic demand. Example: disease curing drugs.
TJ's and Corner Grocery are all-equity firms. TJ's has 2,500 shares outstanding at a market price of $16.70 a share. Corner Grocery has 3,000 shares outstanding at a price of $22.50 a share. Corner Grocery is acquiring TJ's for $45,000 in cash. What is the merger premium per share?
Answer:
$1.30
Explanation:
The valuation of TJ's = price per share * number of shares in issue
= $16.70 * 2,500 shares = $41,750.
Corner Grocery offer for TJ's of $45,000, and obviously a premium over the market value of TJ's at $41,750.
The price per share of Corner Grocery's offer = [tex]\frac{45,000}{2,500}[/tex] = $18 per share.
That is, offer value divided by the number of shares to be acquired.
Therefore, merger premium per share = offer price, less market price
= $18 - $16.70.
= $1.30
Salespeople ensure that delivery schedules are met, that the good or service performs as promised, and that buyers are trained in the use of the product. All of these functions are part of _____, the final step in the selling process.
Answer:
D. Follow-up
Explanation:
First, the Multiple Options for the Question
a. preapproach
b. needs assessment
c. lead qualification
d. follow-up
The Sales Process
The Preapproach- Salespeople carry out information gathering activities in this stage to learn about their clients. This information gathered assists in tailoring suitable presentations that will appeal to the client and help make sales
The Needs Assessment- During this stage the salesperson employs a wide range of questions to understand the needs of the prospective clients. This is done to clarify and understand the buyer's need in order to suggest products that will meet this needs
The Lead Qualification- At this stage, the salesperson must group his potential clients into prospects (people who can become customers) or leads ( a person is is still a potential prospect and more work needs to be done). This helps to ensure those to move on to the next stage with or conduct more thorough needs assessment on.
Follow-up- It becomes obvious therefore, that issues such as ensuring that delivery schedules are met, goods or services performs as promised are part of this final stage after a prospect has been identified and the sales person has successfully made a sale.
The Superintendent can examine an authorized fraternal benefit society and property/casualty insurance company once every:_________
A) 12 months.
B) 18 months.
C) 3 years.
D) 5 years.
Answer:
correct option is C) 3 years
Explanation:
solution
superintendent authorizing a person to act as an insurance producer
all records must be kept available for inspection or examination by the superintendent for a period of at least 3 years after completion of the respective transaction
and for the purpose of investigation or examination by the superintendent
so superintendent examine once every 3 years
correct option is C) 3 years
The Superintendent can examine an authorized fraternal benefit society and property/casualty insurance company once every 12 months.
Explanation:The Superintendent can examine an authorized fraternal benefit society and property/casualty insurance company once every:
12 months.18 months.3 years.5 years.The correct answer is 12 months. The Superintendent, or the regulatory authority, has the authority to conduct regular examinations of insurance companies to ensure compliance with regulations and to protect the interests of policyholders. This frequent examination schedule allows for ongoing oversight and monitoring of the company's financial stability and operations.
Construct a simple income statement that calculates net income given the following information: Cost of goods sold: 200 Income taxes: 100 General and administrative expenses: 50 Depreciation expense: 150 Revenue: 1,000
Answer:
Explanation:
The construction of the simple income statement is presented below:
Sales revenue $1,000
Less: Cost of goods sold -$200
Gross profit $800
Less: Operating expenses
General and administrative expenses -$50
Depreciation expense -$150
Profit before tax $600
Less: income tax -$100
Net income $500
One explanation for the increase in the price of theBaltimore newspaper is the increase in the cost of newsprint. This would cause the ________ ofBaltimore newspapers to ________.
A) supply; increase
B) quantity supplied; increase
C) supply; decrease
D) quantity supplied; decrease
Answer:
D) Quantity supplied; Decrease
Explanation:
The newspaper will be supply most of the people would buy and read the news. Because it is necessary for all. To know about what is happening in the world. But the price is increase none of them are ready to buy it.
Nowadays people have a mobile phones which is very simple to know about what is happening. It is enough to all. So the people don't want to buy the newspaper. Hence the answer is Option D, i.e., This would cause the Quantity Supplied of Baltimore Newspapers to Decrease.
Ralph has worked as a model builder at Snowdrop Architects for 30 years. He gets laid off, and the firm then hires Charlotte, who is 24 and willing to work for half of Ralph’s salary. The firm never offered to let him stay and do Charlotte’s job for half the pay. When he left, one of the other architects told him, "Frankly, it’s not a bad thing to have a cute young person working with the clients." Which of the following statements is true?
a. Ralph has a good claim against Snowdrop, because it had an obligation to offer him the lower-paying job before firing him.
b. Ralph has a good claim against Snowdrop, because it is illegal to replace an older worker with a younger worker just to save money.
c. Ralph has a good claim against Snowdrop, because age appears to have been a factor in Ralph being laid off, although not the main factor.
d. Ralph does not have a good claim against Snowdrop, because age was not the deciding factor in Snowdrop’s decision to lay off Ralph.
Answer: Ralph does not have a good claim against Snowdrop, because age was not the deciding factor in Snowdrop’s decision to lay off Ralph.
Explanation: The reason for the firm laying off Ralph is vague and not explicitly stated. Therefore Ralph cannot make a claim against Snowdrop for laying him off due to his age.
Organizing Select one:
a. involves shaping the organization over time and is never truly finished.
b. involves grouping activities and resources.
c. All of these choices
d. is the second basic managerial function; it follows planning and decision making.
e. can help the organization be flexible.
Answer: Option C
Explanation: Organizing is the administrative role that typically follows after planning, from the point of view of businesses. Organizing includes assigning tasks and assigning authority to accomplish goals and objectives with sufficient accountability and allocating resources throughout the organization.
Organizing includes creating deliberate task structures by defining and listing the tasks necessary to achieve a company's objectives. In simple words, Organizing is creating successful relationships of power between specified employers, people, and workplaces so that the community can work effectively together. Or the separation of work into branches and divisions.
Thus, from the above we can conclude that the correct option is C .
What is the latest date that a settlement agent is allowed to provide the seller with the Closing Disclosure?
Answer:
At consummation of the mortgage. Consummation of the mortgage takes place when the buyer signs the loan papers. The closing disclosure must include all the relevant information about the mortgage loan, including closing costs and the agreement on who pays them. The rest of the information about the loan (monthly payment, interest rate, etc.) is not important for the seller, but the closing costs and who pays for them is important.
Each unit in a fourplex rents for $850 per month. If the appraised value is $460,000, what is the GRM for the fourplex?
Answer:
135.3
Explanation:
GRM stands for Gross rent multiplier.
The formula and the computation of the gross rent multiplier are shown below:
Gross rent multiplier = Appraisal value ÷ rent for each four plex
= $460,000 ÷ 3,400
= 135.3
The rent for 4 units is computed below:
= Rent per month × number of four plex
= $850 × 4
= $3,400
The GRM for the fourplex is calculated by dividing the property price by the gross annual rent, resulting in a GRM of approximately 11.27.
To find the Gross Rent Multiplier (GRM) for the fourplex, you can use the following formula:
GRM = Property Price / Gross Annual Rent
First, calculate the Gross Annual Rent. Since each unit rents for $850 per month and there are four units:
$850 per month * 4 units = $3,400 per month$3,400 per month * 12 months = $40,800 per yearThen, use the GRM formula:
GRM = $460,000 / $40,800 ≈ 11.27
Therefore, the GRM for the fourplex is approximately 11.27.
Stocks and bonds:______
a. and checking accounts are all stores of value, but only stocks and bonds commonly function as mediums of exchange.
b. and checking accounts are all stores of value and commonly function as mediums of exchange.
c. and checking accounts all commonly function as mediums of exchange, but only stocks and bonds are a store of value.
d. and checking accounts are all stores of value, but only checking accounts commonly function as mediums of exchange.
Answer: d. and checking accounts are all stores of value, but only checking accounts commonly function as mediums of exchange
Explanation:
Checking accounts : Is a type of account operated with a financial institution that allows the customer to deposit and also make withdrawals. It is also knowns as transactional accounts. In running a checking account, account owners can have access to their money using debit cards, and the use of cheque.
•What makes checking account different from other types of bank account is that it allows the owner to make numerous withdrawals and there is also no limit to deposits.
Stock: Is an investment owned by an individual or groups through the purchase of shares from a company, it could also be a certificate issued to indicate ownership of shares in an organization.
•It is a a way of investing for an investor because as the stock grows the money also grows and also a means of raising money for an organization.
Bonds: Are issued by an organization in other to raise capital, they are securities with fixed income. The bond holder lends money to the bond issuer and the money is paid back at a fixed payment rate within a period.