Answer:
12.5%
Explanation:
We are estimating the probability to be greater than or equal to $337,500
This probability will be
P(X > $337,500) = (high-end estimate - 337500) / (337500 - low-end estimate)
P(X > $337,500) = (350000-337500) / (350000-250000) = 0.125
= 0.125*100
= 12.5%
If you were to log onto www.census.gov and click on "Foreign Trade," then click on "Statistics," and finally on "State ExportData," you will find a list of the products produced in yourstate, which are exported around the world. You discover that Ohio exports more to Canada and Mexico than all other countries combined. Is this factsurprising?
A. No, because of NAFTA, you would expect the export of goods to Canada and Mexico to be substantial.
B. Yes, because NAFTA is widely regarded as a failure, youwouldn't expect the countries in the agreement to trade much with each other.
C. Yes, Ohio's exports should be as diverse as that state's economy.
D. No, Canada is so close to Ohio that transportation costs must be very low.
Answer:
A. No, because of NAFTA, you would expect the export of goods to Canada and Mexico to be substantial.
Explanation:
Even though exists a lot of debate surrounding the benefits of NAFTA to the US, trade agreements tend to increase more than proportionally the commercial exchange between parties. In this case, Canada and Mexico are both parts of NAFTA, so being the most important commercial partners of Ohio should not be a surprise.
Dave Seminsky’s ability to open Sumarian Coffee in Shanghai can be attributed to which of the following?A. ethnocentrismB. availability of suppliesC. avoidance of tariffs and import quotasD. lower labor costsE. globalization
Answer:
E. globalization
Explanation:
-Ethnocentrism refers to judging another culture based on your own culture and considering yours as superior.
-Availability of supplies refers to having access to the products needed for the business.
-Avoidance of tariffs and import quotas refers to not having limitations like paying taxes on imports or exports or having a maximum quantity of a product that can be imported or exported.
-Lower labor costs refers to low salaries.
-Globalization refers to a process of integration that involves people, governments and companies around the world. When talking about business is about developing an international presence and beginning to operate in other countries.
According to this, Dave Seminsky’s ability to open Sumarian Coffee in Shanghai can be attributed to globalization.
Hannah lives in place where rice is the staple diet of the people and eating wheat or potatoes is associated with poverty and inferior status. This association that favors the consumption of rice to wheat or potatoes is an example of consumer _____awarenessadvocacyculturebasenetwork
Answer:
Culture
Explanation:
This is totally about culture. In different societies and cultures, people give meaning to things. In this culture, they give meaning to eating rice to a staple diet and eating potato as poorness. In the "health" or "fitness" sector they might argue that eating rice is best for a staple diet so which is influencing people to eat rice. Also, if the potato is cheap then people with low salaries only can eat a potato that's why this might be the reason for these associations created as a cultural issue. However, these same items might be different for another culture or society as potato is a food that can only eatable by rich people.
A firm produces and sells two products, Plus and Max. The following information is available relating to setup costs (a part of factory overhead):
Plus Max
Units produced 200 16,000
Batch size (units) 10 400
Number of setups 20 40
Direct labor hours per unit 5 5
Total direct labor hours 1,000 80,000
Cost per setup $1,080
Total setup cost $64,800
1. With traditional two-stage allocation of overhead costs, using direct labor hours as the allocation base, the setup cost portion of overhead that is allocated to each unit of product for Plus and Max, respectively is __________?
Answer:
$4 and $4
Explanation:
The computation are shown below:
Per hour cost = Total set up cost ÷ Total direct labor hours
= $64,800 ÷ $81,000
= $0.8
Now the set up cost would be
= Per hour cost × Direct labor hours per unit
For Plus
= 5 × $0.8
= $4
For Max
= 5 × $0.8
= $4
All other given information is not important. Hence, ignored it
The Harsanyi Corp. is considering four investments. Which provides the highest after-tax return for Harsanyi Corp. if it is in the 34% federal tax bracket
Answer:
The correct answer is letter "D": Preferred stock at 6.0%.
Explanation:
After-Tax Return is the revenue companies earn after the tax deduction according to the bracket they fall into. It expresses the firm's real earnings ad can be expressed in ratios (percentages). Calculating the after-tax return implies considering all the profits an organization had within a period and all its costs.
In the example:
After-tax return on Treasury bonds = 5% x (1 - 0.34) = 3.3% After-tax return on corporate bonds = 8% x (1 - 0.34) = 5.28% After-tax return on municipal bonds = 5% x (1 - 0.34) = 3.3% After-tax preferred return = Before-tax preferred stock yield x [1 - (Tax rate)(0.30)] = 0.06 x [1 - (0.15)(0.30)] = 5.73%Then, the highest after-tax return is provided by investing in preferred stocks at 6.0%.
With Kanban, project management becomes a game of facilitating and implementing better risk management.
O True O False
The given statement "With Kanban, project management becomes a game of facilitating and implementing better risk management" is True
Explanation:
Project managers will soon understand the critical importance of the effective development team and the position of group-building in facilitating the quality of project management. Nonetheless, the distinction between success and failure can often be attributed to the productivity of the project team.
Project Team Members are responsible for initiating interaction between R&D and consumers.
The progress of the project can be measured objectively by the effective team building. Although the team bonding process can involve frustration and energy on all sides, the rewards can be enormous.
which of these are considered both short-and long-term investments?
Check all that apply.
CDs
Stocks
Savings account
Mutual funds
Bonds
Commodities
Answer:
CDs
Stocks
Mutual funds
Commodities
Explanation:
I got it right on edge, trust me
Short-term investments involve investing money for less than 12 months, which gives less risk with less return and higher liquidity to the investor. On the other hand, long-term investments are done for more than 12 months which gives lower liquidity but with higher risk and returns to investors.
The investments which possess characteristics of both long term and short term investments are CDs, Stocks, Mutual funds, and Commodities. It is due to their combined benefits of short-term and long-term low risk, high returns, and even investments could be made for less than 12 months.
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In what ways is Ingvar Kamprad a manager? In what ways is he a leader? What are the key leadership lessons provided by Kamprad’s experiences? Use the concepts of transactional, transformational, charismatic, and authentic leaders to describe the leadership of Ingvar Kamprad.
Answer:
Please see the explanation below
Explanation:
As a Manager:
Kamprad’s success as an entrepreneur is attributed to his managerial and leadership skills. Kamprad is an efficient financial manager and this is normally reflected in his inexpensive life. Kamprad encourages his employees to manage both personal and company resources in a very prudent manner. Kamprad is a very influential person and this makes it easy for him to implement company policies.
Kamprad is a very persistent manager who does not bow down to any competition. Kamprad’s major motivation is to improve the company’s market share and profits. His aggressiveness and determination to grow his company is what makes Kamprad to be classified as a good manager. Kamprad’s managerial philosophy is to always do things in a different way.
Kamprad’s background inspired him to establish a family business model that makes workers to feel as part of the family. Kamprad takes an inclusive approach to management and this improves the performance and dedication of his employees. Despite involving all employees in the affairs of the company, Kamprad is always aware of everything that happens within the company.
As a Leader:
The leadership quality that makes Kamprad to be a very special leader is his humility in accepting his mistakes and weaknesses.
Alcoholism is his most notable weakness and Kamprad has always owned up to this weakness. Kamprad is a very caring leader who will always go out of his way to ensure that his employees are fine. Kamprad is a very inspirational leader who influences his employees in a positive way.
Kamprad appears like other employees and does not like to be seen as a boss. He does everything like his employees and has over the years developed a very good relationship with employees IKEA is known around the world for its family like followership that makes every employee to feel as part of the family. The IKEA family is controlled by strict business ethics.
Kamprad’s leadership can be described using a variety of leadership concepts.Transactional, transformational, charismatic and authentic leadership concepts are very critical in describing the leadership of a very successful entrepreneur like Kamprad. The transactional approach in leadership is results oriented and employees are rewarded according to their performance.
Kamprad is a results oriented leader and therefore the transactional leadership concept can be used to describe his leadership. Transactional leaders are very inspirational and will always ensure that employees work towards achieving set goals and targets.
Transactional leaders take the responsibility of role clarification to ensure that employees are comfortable when they are carrying out their duties. In a transactional leadership approach, employees are expected to comply with company policies and other directives from the company leadership. Remunerations and promotions are based on performance in a transactional approach.
Kamprad is known to use a transactional approach to run his company. Kamprad has a tendency of influencing the assumptions and attitudes of his employees which is an element of transformational leadership. In a transformational approach, leaders work towards building commitment and trust to ensure that the company meets its goals and objectives.
This kind of approach can only be implemented by a very influential leader like Kamprad. Kamprad has always had a profound effect on his employees by encouraging them to work towards improving the organization.
The main objective of transformational leadership is to improve the performance of employees. Kamprad gives his employees the freedom to question his opinions and this makes him a transformational leader.
The charismatic concept of leadership is based on the ability of a leader to have a significant influence on his or her followers by demonstrating exceptional qualities.
There are certain traits and behaviors that are associated with Kamprad that qualify him to be a charismatic leader. To begin, Kamprad likes doing things differently in order to meet customer needs . A charismatic leader is always interested in making things better by supporting radical changes within an organization.
Kamprad is a very innovative leader who always comes up with new ideas that help his company to achieve its mission
Kamprad is always confident about his vision for the company and tries his level best to ensure that his employees are always motivated. Transactional, transformational and charismatic concepts of leadership constitute an authentic leader. Kamprad can be described as an authentic leader because he has a mix of all the qualities that are needed to run a multinational company like IKEA.
60.org, an organization working toward curbing climate change, recently conducted an interview with Jessica for the position of a public relations officer. However, the interviewers Brenda and Laura are divided over whether Jessica should be given the job. Brenda believes that Jessica does not have in-depth knowledge about the issue of global warming and its impact. On the other hand, Laura feels that Jessica would be perfect for the job because she has strong networking and interpersonal skills. Which of the following, if true, would strengthen Laura's argument?
A) Gaining the support of corporate giants would comprise a large part of the job.
B) Jessica will need to prepare extensive reports about the issue of climate change.
C) The role will require Jessica to give presentations to environmental experts on renewable modes of energy.
D) Jessica had negligible experience in research and development.
E) Jessica has weak analytical skills to solve problems associated with implementing options of renewable energy.
Answer:
A. Gaining the support of corporate giants would comprise a large part of the job
Explanation:
With Jessica's strong networking and interpersonal skills, she would be able to gain the support of corporate giants
Bachman, Inc. plans to develop a shopping center. In the first quarter, the following amounts were spent: Acquisition of land $ 15,000 Surveys and legal fees 1,300 Land clearing 900 Fencing 7,000 Install lighting and signage 1,360. What amount should be recorded as the cost of the land in the corporation's books?
The cost of the land to be recorded on Bachman, Inc.'s books is $17,200, which is the sum of the acquisition of land, surveys and legal fees, and land clearing costs. Expenses for fencing and installing lighting and signage are not included in the land cost as they pertain to improvements rather than acquisition and preparation.
Bachman, Inc. incurred various costs during the development of a shopping center. To determine the amount that should be recorded as the cost of the land, we need to consider the historical cost rule of accounting. This rule dictates that all expenditures directly related to the acquisition and preparation of the land for its intended use should be included in the cost of the land.
The costs would include:
Acquisition of land: $15,000Surveys and legal fees: $1,300Land clearing: $900However, expenses such as fencing and installing lighting and signage are not directly tied to the land's purchase and preparation but rather to subsequent improvements. Therefore, the cost of the land in Bachman, Inc.'s books would be the sum of the acquisition cost, surveys, and legal fees, and land clearing expenses, which would total $17,200.
2. You're interested in the proportion of students in your school who favor the elimination of a local curfew on teenagers. Assume your school has 1,000 students. A. To generate a 95% confidence interval for the proportion of students who favor the elimination of a curfew, what's the minimum number of students you need if you want the margin of error to be 5%? (9 points)
Answer: The minimum number of students you need if you want the margin of error to be 5% IS 278.
Explanation:
Cochran’s Sample Size Formula gives the minimum number of students as [tex]n= \frac{z^{2}pq }{e^{2} } [/tex]
Where:
e is the desired level of precision (i.e. the margin of error),
p is the (estimated) proportion of the population which has the attribute in question and q is 1 – p.
The z-value for 95% confidence interval is found to be 1.96 in a Z table.
Assuming that half of the teenagers favor the elimination of a curfew: this gives us maximum variability. So p = 0.5 and q=0.5.
Then [tex]n= (\frac{1.96^{2}*0.5*0.5 }{0.05^{2} } )[/tex]
[tex]n= frac{0.9604}{0.0025} } [/tex]
[tex]n= {384.16 } [/tex]
Rounding up, [tex]n= \frac{385 } [/tex]
But considering that 1000 is a small population, we can modify the sample size we calculated above formula by using this equation:
[tex]s = \frac{n}{1 + \frac{n - 1}{N} }[/tex]
Where s is the adjusted sample size, n is the original sample size we calculated and N is the population size.
[tex]s = \frac{385}{1 + \frac{385 - 1}{1000} }[/tex]
[tex]s = \frac{385}{1 + \frac{384}{1000} }[/tex]
[tex]s = 278[/tex]
To generate a 95% confidence interval with a 5% margin of error, you need to survey at least 385 students out of 1000 at your school. This calculation assumes a z-score of 1.96 (for a 95% confidence level) and a 50% estimated proportion of the population.
Explanation:The subject of this question falls within the domain of Statistics, specifically dealing with the creation of a 95% confidence interval to determine a proportion. A confidence interval is a type of estimate computed from the statistics of the observed data. It would give a range of values that is likely to contain an unknown population parameter, the true average, for example.
In this case, you want the margin of error to be 5%. For a 95% confidence level, the z-score is approximately 1.96 (since there's a 95% chance that the true proportion falls within 1.96 standard deviations of the sample proportion).
The minimum sample size needed can be calculated using the formula:
n = (Z² * P * (1-P)) / E²
Where:
Z = Z-score (which is 1.96 for a 95% confidence level)
P = estimated proportion of the population (since we don't have an estimated proportion, we use 0.5, which maximizes the required sample size)
E = margin of error (0.05 in this case)
Plug these values into the formula gives us:
n = (1.96² * 0.5 * (1-0.5)) / 0.05² = 384.16
As we can't survey a fraction of a student, we round up to the nearest whole number. So, the minimum number of students needed to survey to create a 95% confidence interval with a 5% margin of error would be 385 students.
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Which of the following is true of a children's rider added to an insured's permanent life insurance policy?
A. It is permanent insurance
B. The policy covers only the natural children of the insured
C. Each child covered must show evidence of insurability
D. It is term coverage that is convertible to permanent insurance at or prior to the child reaching the maximum coverage age
Answer:
D It is term coverage that is convertible to permanent insurance at or prior to the child reaching the maximum coverage age.
Explanation: Children's rider are term insurance covering all of the children in the family, including newly born children, and can be converted to permanent insurance upon a child reaching the maximum or full age without evidence of insurability. It seems like a very decent insurance which a lot of people make use of .
Hart Manufacturing makes three products. Each product requires manufacturing operations in three departments: A, B, and C. The labor-hour requirements, by department, are as follows: Department Product 1 Product 2 Product 3 A 2.00 1.50 3.00 B 2.50 2.00 1.00 C 0.25 0.25 0.25 During the next production period the labor-hours available are 450 in department A, 350 in department B, and 50 in department C. The profit contributions per unit are $30 for product 1, $25 for product 2, and $28 for product 3. Formulate a linear programming model for maximizing total profit contribution. If the constant is "1" it must be entered in the box. If required, round your answers to two decimal places. Let Pi = units of product i produced
Answer:
Objective function:
Maximize Z: 30P1 + 25P2 + 28P3
Subject to: 2.00P1 + 1.50P2 + 3.00P3 ≤ 450 (Department A constraint)
2.50P1 + 2.00P2 + P3 ≤ 350 (Department B constraint)
0.25P1 + 0.25P2 + 0.25P3 ≤ 50 (Department C constraint)
P1, P2, P3 ≥ 0 (Non-negativity)
Explanation:
The objective function is formulated from the contribution margin of the three products. For instance, the contribution of Product 1 is $30, the contribution of Product 2 is $25 and the contribution of Product 3 is $28. Thus, the objective function will be 30P1 + 25P2 + 28P3.
The constraints were obtained from the departmental labour hours requirements for each product. For instance, Product 1 requires 2 hours in department A, Product 2 requires 1.50 hours in department A and Product 3 requires 3 hours in Department A. Thus, the constraint will be 2.00P1 + 1.50P2 + 3.00P3.
Maximize total profit contribution by determining the optimal production quantities for three products (P1, P2, P3) subject to labor-hour constraints in departments A, B, and C, with profit contributions of $30, $25, and $28 per unit, respectively.
To formulate a linear programming model for maximizing total profit contribution, we need to define the decision variables, the objective function, and the constraints. Let [tex]\( P_1, P_2, \)[/tex] and [tex]\( P_3 \)[/tex] represent the units of products 1, 2, and 3 produced, respectively.
The objective function to maximize the total profit contribution is given by:
[tex]\[ Z = 30P_1 + 25P_2 + 28P_3 \][/tex]
Subject to the following constraints:
1. Labor-hour constraint for department A:
[tex]\[ 2P_1 + 1.5P_2 + 3P_3 \leq 450 \][/tex]
2. Labor-hour constraint for department B:
[tex]\[ 2.5P_1 + 2P_2 + 1P_3 \leq 350 \][/tex]
3. Labor-hour constraint for department C:
[tex]\[ 0.25P_1 + 0.25P_2 + 0.25P_3 \leq 50 \][/tex]
4. Non-negativity constraint:
[tex]\[ P_1, P_2, P_3 \geq 0 \][/tex]
The linear programming model can be summarized as follows:
Maximize:
[tex]\[ Z = 30P_1 + 25P_2 + 28P_3 \][/tex]
Subject to:
[tex]\[ 2P_1 + 1.5P_2 + 3P_3 \leq 450 \][/tex]
[tex]\[ 2.5P_1 + 2P_2 + 1P_3 \leq 350 \][/tex]
[tex]\[ 0.25P_1 + 0.25P_2 + 0.25P_3 \leq 50 \][/tex]
And the non-negativity constraint:
[tex]\[ P_1, P_2, P_3 \geq 0 \][/tex]
This model aims to maximize the total profit contribution considering the labor-hour constraints in each department. Linear programming techniques can be applied to find the optimal values of [tex]\( P_1, P_2, \)[/tex]and \[tex](\( P_3 \)[/tex] that maximize the total profit contribution.
On January 1, the Elias Corporation issued 10% bonds with a face value of $116,000. The bonds are sold for $113,680. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, ten years from now. Elias records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 of the first year is.a. $485 b. $2,910 c. $5,820 d. $6,111
Answer:
The total interest expense on the bond
= 10% x $116,000
=$11,600
Semi-annual interest expense
= $11,600/2
= $5,800
None of the options is correct.
Explanation:
In this case, there is need to calculate the total annual interest expense on the bond, which is 10% of the face value. Then, the total annual interest expense will be divided by 2 since the bond pays semi-annual interest.
Growth Enterprises believes its latest project, which will cost $82,000 to install, will generate a perpetual growing stream of cash flows. Cash flow at the end of the first year will be $7,000, and cash flows in future years are expected to grow indefinitely at an annual rate of 5%.
a. If the discount rate for this project is 10%, what is the project NPV? (Do not round intermediate calculations.)
b. What is the project IRR? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answer:
a. The value of NPV for the project is $36,423.15 at 10% discount rate. B. The IRR is 35%.
Explanation:
Defining the year 1 where the company invest the money, the perpetuity starts in the third year, so for the NPV calculation the calculation of the perpetuity has to be brought to present-day after its first calculation: NPV of perpetuity = [(7000/(0,1-0,05))/(1+0,1)^3]. This value has to be summed to the present value of other cash flows: [(7000)/(1+0,1)^2]+[(-82,000)/(1+0,1)^1]
MoveOn.org was one of the first groups to successfully organize a large number of people around issues like partisan bickering and the power of corporate lobbies in Washington. This was, in large part, because it used innovative technology to locate, recruit, and organize supporters. This is exactly what ________ theory would predict.
Answer:
Resources Mobilization Theory
Explanation:
It is theory of social movements that argues success movements gain traction by acquiring and successfully using resources to their advantage to achieve their goals.
This was, in large part, because it used innovative technology to locate, recruit, and organize supporters. This is exactly what resource mobilization theory would predict.
Explanation:Resource mobilization theory is a sociological and political theory that explains social movements' success in terms of their ability to acquire and effectively utilize resources such as money, people, and organizational support. It emphasizes the importance of resource acquisition, organization, and strategic planning in achieving social and political change through collective action.
In the context of the provided information, the theory that would predict the success of MoveOn.org in organizing supporters through innovative technology is the resource mobilization theory. This theory explains movement success based on the ability to acquire resources and mobilize individuals, and it emphasizes the importance of time and money as resources.
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Special Order Nature's Garden, a new restaurant situated on a busy highway in Pomona, California, specializes in a chef's salad selling for $7. Daily fixed costs are $1,200, and variable costs are $4 per meal. With a capacity of 800 meals per day, the restaurant serves an average of 750 meals each day. (a.) Determine the current average cost per meal. Round your answer to two decimal places. $Answer (b.) A busload of 30 Girl Scouts stops on its way home from the San Bernardino National Forest. The leader offers to bring them in if the scouts can all be served a meal for a total of $150. The owner refuses, saying he would lose $0.60 per meal if he accepted this
Answer:
a.
Average cost per meal = Variable cost per meal + Fixed cost allocated to one meal sold = $4 + Total fixed cost/ Number of meals sold per day = $4 + 1,200/750 = $5.60.
b.
Price per one meal as per the leader of the Scout = 150/30 = $5
As the selling price is $0.60 lower than the average cost per meal ($5-$5.60), the owner has come up with the loss of $0.60 per meal served under the Scout leader's suggestion.
However, his calculation is not reasonable, because among the $5.60 cost per meal, there is a factor of allocated fixed cost equals to $1.6 per meal which will incurred regardless of the suggestion being accepted or not.
Given his restaurant does not run at full capacity, his profit per one meal from accepting the offer should be calculated as Price per one meal as per Scout leader offer - Variable cost per one meal = $5 - $4 = $1.
Explanation:
Calculate current average cost per meal and analyze a new offer in a restaurant.
A. To determine the current average cost per meal, you need to calculate the total cost per day and divide it by the number of meals served.
Total Cost Per Day = Fixed Costs + (Variable Costs Per Meal x Number of Meals)
Total Cost Per Day = $1,200 + ($4 x 750) = $4,200
Average Cost Per Meal = Total Cost Per Day / Number of Meals = $4,200 / 750 = $5.60
B. If the owner were to accept the offer for 30 Girl Scouts for $150, the cost per meal would be $5. If the current cost per meal is $5.60 and the owner would lose $0.60 per meal, it's not advisable to accept the offer.
During the month of March, Sunland Company’s employees earned wages of $79,000. Withholdings related to these wages were $6,044 for Social Security (FICA), $9,258 for federal income tax, $3,827 for state income tax, and $494 for union dues. The company incurred no cost related to these earnings for federal unemployment tax but incurred $864 for state unemployment tax.Prepare the necessary March 31 journal entry to record salaries and wages expense and salaries and wages payable. Assume that wages earned during March will be paid during April.
Answer:
The Journal entry is as follows:
On March 31st,
Salaries and Wages Expense A/c Dr. $79,000
To Wages Payable $59,377
To Federal Withholding Payable $9,258
To FICA Payable $6,044
To State Withholding Payable $3,827
To Union Dues Payable $494
(To record the salaries and wages expense and salaries and wages payable)
Rise ’n Shine Bakeries is a nationwide chain that has plants located throughout the U.S. Top management at Rise ’n Shine believes that customers in different regions have different tastes. It also recognizes that its bakeries face more intense competition in some regions than in others. Therefore, Rise ’n Shine's top management gives local managers the freedom to offer different types of breads and desserts, and to decide on a reasonable pricing strategy for its products. Rise ’n Shine typifies a centralized organization
A. True
B. Flase
Answer:
The correct answer is letter "B": False.
Explanation:
A decentralized organization is one in which most decisions are taken by low range managers. On the other hand, centralized firms are characterized by following the guidelines of high-level executives. Decentralized companies have the same reporting structure as centralized institutions but each of them working at their hierarchy level.
In 2013, the price for a market basket of consumer goods is $800. In the base year, the cost of the identical market basket was $1,000. The price index in this case is
Answer:
The price index is 0.8
Explanation:
Price index = price of consumer goods in 2013/price of consumer goods in the base year = $800/$1000 = 0.8
I simply won’t go into that department store….
Select a statement that uses stereotype.
Multiple Choice
A. It’s full of snobbish people who disguise their happiness with designer handbags and shoes.
B. It is way too far from where I live anyway.
C. They have poor customer service.
D. It never carries the clothes I like.
Answer:
The correct answer is A
Explanation:
Stereotype is the term which is stated or defined as the belief or the mistaken idea that many people have regarding a group or thing and it is grounded on the how they look on the outside, which could be partly true or untrue.
So, the person would not go to that departmental store, because it is full of people who are snobbish (which means a person who feels superiority over those from education levels, lower social classes), who disguise the happiness with the shoes as well as the designer handbags.
In January of 2015, the appropriate construction cost index had a value of $3,260. In January of 2005, the value was $1,746. In January 2010 you received a bid for a structure of 7.25 million. Another building (virtually identical) is planned for a bid opening in January 2020. Estimate the new building bid.
Answer:
11.63 million dollar
Explanation:
In 2005 the construction cost index was 1746 , in 2015 , it was 3260.
change in index in 10 years = 3260-1746 = 1514
change in 5 years ( estimated ) = 757
Estimated index in 2010 = 1746 + 757
= 2503
Estimated index in 2020 = 3260 + 757
= 4017
Value of building in 2010 = 1746 million dollar
Value of similar building - X
X / 1746 = index in 2020 (probable ) / index in 2010
X / 7.25 = 4017 / 2503
X = 11.63 million dollar
The actual variable cost of goods sold for a product was $140 per unit, while the planned variable cost of goods sold was $136 per unit. The volume increased by 2,400 units to 14,000 actual total units. a. Determine the variable cost quantity factor. $ Increase in variable cost of goods sold b. Determine the unit cost factor for variable cost of goods sold.
The variable cost quantity factor is $9,600, which represents the change in variable costs due to an increase in volume. The unit cost factor for variable cost of goods sold is $56,000, which shows the monetary impact of the difference between actual and planned costs per unit.
Explanation:In this business scenario, we are trying to calculate the 'variable cost quantity factor' and 'unit cost factor'. The variable cost quantity factor is determined by the change in volume, and the difference in expected and actual variable costs per unit.
a. To calculate the '$ Increase in variable cost of goods sold', you need to multiply the additional volume by the actual unit variable cost: 2,400 units * $140/unit = $336,000. Then, calculate the expected variable cost: 2,400 units * $136/unit = $326,400. The variable cost quantity factor is actual cost - expected cost: $336,000 - $326,400 = $9,600.
b. To calculate the 'unit cost factor for variable cost of goods sold', find the difference between the actual and planned cost per unit and multiply this by the actual total units: ($140/unit - $136/unit) * 14,000 units = $56,000.
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Which of the following changes would increase structural unemployment? Select one:
a. An increase in the speed that firms and potential workers exchange information
b. A recession caused by a drop in total spending
c. A decrease in the minimum wage
d. Increased globalization that moves the economy from a manufacturing-based economy to a more service-based economy
Answer:
Option D
Increased globalisation that moves the economy from manufacturing based economy to more service-based economy.
Explanation:
Option D
Increased globalisation that moves the economy from manufacturing based economy to more service-based economy.
As manufacturing will decrease, the number of jobs will decrease drastically because the number of industries will become small.
A bond's current market value is equal to the present value of the coupon payments plus the present value of the face amount.a. Trueb. False
Answer:
The present value of a bond equals present value of annual coupon and present value of the face value of the bond. The correct answer is A.
Explanation:
In this case, we will obtain the present value of annual coupon by discounting the coupon at the present value of annuity factor for the bond duration. We will also obtain the present value of the face value of the bond by discounting the face value at the present value factor for the bond maturity.
Final answer:
The statement is true; a bond's market value is indeed the sum of the present value of its coupon payments and its face value, discounted at the bond's yield to maturity.
Explanation:
The statement that a bond's current market value is equal to the present value of the coupon payments plus the present value of the face amount is true. This relationship is fundamental in finance and is used to price bonds. The present value of the coupon payments represents the income stream the bondholder expects to receive until the bond matures, while the present value of the face amount represents the lump-sum payment the bondholder expects at maturity.
When calculating the present value of these amounts, we use a discount rate that reflects the bond's yield to maturity (YTM), which is the interest rate that equates the present value of the expected future cash flows from the bond (both the periodic coupon payments and the face value at maturity) with its current market price.
When the implied value exceeds the aggregate fair values of identifiable net assets, the residual difference is accounted for as:a. excess of implied over fair value.b. a deferred credit.c. difference between implied and fair value.d. goodwill.
Answer:
goodwill
Explanation:
Goodwill is when the purchase price of a company is greater than the fair market value of the company's identifiable assets and liabilities.
On January 1, 2017, Vaughn Company purchased 12% bonds, having a maturity value of $312,000, for $335,654.22. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2017, and mature January 1, 2022, with interest received on January 1 of each year. Vaughn Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified as available-for-sale category. The fair value of the bonds at December 31 of each year-end is as follows.
2017 $333,600 2020 $322,000
2018 $320,900 2021 $312,000
2019 $320,000
(a) Prepare the journal entry at the date of the bond purchase.
(b) Prepare the journal entries to record the interest revenue and recognition of fair value for 2017.
(c) Prepare the journal entry to record the recognition of fair value for 2018.
Answer:
bond securities 335,654.22 debit
cash 335,645.22 credit
--to record purchase of bonds--
cash 37,440 debit
interest revenue 33,564.52
bond securities 3,875.48
--to record interest revenue on the bonds--
bonds securities 1,821.26
unrealized holding gain 1,821.26
--to record recognition of fair value for the year ended Dec 31th 2017--
unrealized holding loss 8,620 debit
bonds securities 8,620 credit
-- to record recognition of fair vale for 2018--
Explanation:
a) we record the bonds for the amount we purchased, we make adjustment at year-end for any difference if needed
b)
312,000 x 12% = 37,440 cash proceeds
335,645.22 x 10% = 33,564.52 interest revenue
amortization 3,875.48
c) fair value: 333,600
book value: (331. 778,74)
unrealized gain 1,821.26
d)
37,440 - 333,600 x 10% = 4,080 amortization for the year
fair value at 2018 year-end $ 320,900
book value at 2018 $ 329,520
unrealized holding loss (8,620)
2. Inputs and outputs Yvette's Performance Pizza is a small restaurant in Detroit that sells gluten-free pizzas. Yvette's very tiny kitchen has barely enough room for the four ovens in which her workers bake the pizzas. Yvette signed a lease obligating her to pay the rent for the four ovens for the next year. Because of this, and because Yvette's kitchen cannot fit more than four ovens, Yvette cannot change the number of ovens she uses in her production of pizzas in the short run. However, Yvette's decision regarding how many workers to use can vary from week to week because her workers tend to be students. Each Monday, Yvette lets them know how many workers she needs for each day of the week. In the short run, these workers arevariable inputs, and the ovens arefixed inputs.
Answer:
In the short run, these workers are variable inputs, and the ovens arefixed inputs. TRUE
Explanation:
The statement is true. The worker are defined on a weekly basis at will by Yvette hence, short-term thus variable input.
In the other hand; the oven were leased for the entire year thus, unchangable in the short run. Yvette's decition about the number of oven in her kitchen is a long-term decition as currently are fixed.
The output of the Private Sector provides about _____ percent of the production of the nation..
Answer:
The correct word for the blank space is: seventy (70).
Explanation:
The economy can be divided into two main sectors: the Private Sector and the Public Sector. The Private Sector refers to all organizations within a country that are owned by people acting on their behalf primarily for profit for themselves and their fellow owners. It is believed, the Private Sector output represents around 70% of the total production of a country.
The 12/31/2012 Balance Sheet of ABC Corp. reported 10% bonds payable with a face amount of $100 million. The bonds were issued in 2000 and had a remaining discount of $1,200,000 at 12/31/2012. On 01/01/2013, ABC Corp. called the bonds at a price of 103. What entry will ABC make on 01/01/2013 to retire the bonds?
Answer:
JOURNAL ENTRIES:
Debit: Bonds payable $100,000,000
Debit: Loss on bond retirement $4,200,000
Credit: Discount on bonds payable $1,200,000
Credit: Cash $103,000,000
Explanation:
The bonds were retired at 103. Therefore they have been paid $100 million x 1.03 = $103 million to retire the bonds.
$103 million would be credit to cash.
Other journal entries include:
Debit to Bonds payable of $100 million.
Credit to Discount on bonds payable of $1,200,000.
So you have a credit of $103 million a credit of $1,200,000 and a debit of $100 million. To make debits equal credits, you need a debit of $4,200,000. And this would be a loss on bond retirement.