11. Garth Corporation sells a single product. If the selling price per unit and the variable expense per unit both increase by 10% and fixed expenses do not change, then: A. profit will go up 10% B. profit will go up more than 10% C. profit will go down by less than 10% D. profit will not change

Answers

Answer 1

Answer:

D

Explanation:

Profit = Revenue - cost

Cost = fixed cost + variable cost

if variable cost increases by 10%, cost would increase by 10%.

Revenue also increases by 10%

So, the increase in revenue would be cancelled by the increase in cost and profit would not change


Related Questions

An investor owns 5,000 shares, which is 1% of a corporation's outstanding stock before a stock repurchase. The investor did not sell any of his stock during the 25,000 share repurchase. Which one of the following statements is correct?
A. The investor still owns 1% of the corporation.
B. The stock's price is likely to drop by 5%.
C. The investor owns more than 1% of the corporation.
D. The investor now has 5,250 shares.

Answers

Answer:

C. The investor owns more than 1% of the corporation.

Explanation:

data provided in the question

Number of shares own = 5,000 shares

Outstanding stock percentage = 1%

Repurchased shares = 25,000

Based on the above information, the following statement is correct

i.e the investor owns more than 1% of the corporation as the A option, B and D options are incorrect and the option C is most appropriate option

To determine if a person is "in the business" of giving investment advice under the Investment Advisers Act of 1940, which of the following are considered?
I That the individual regularly gives advice on securities.
II That more than 50% of the individual's earnings are derived from making investment recommendations.
III That the individual receives compensation for giving advice on securities.
A. I only.
B. I and III only.
C. II and III only.
D. I, II, III.

Answers

Answer:

Correct Answer:

B. I and III only.

Explanation:

Someone in business of giving business advise is known as an investment adviser.

An investment adviser is a person or firm that is engaged in the business of providing investment advice to others or issuing reports or analyses regarding securities, for compensation. Based on the definition above, the best option for the question is Option B.

The market for hot dogs on the streets of New York City can be considered close to a perfectly competitive market. Because there are so many individuals buying and selling hot dogs:

Answers

Question:

The market for hot dogs on the streets of New York City can be considered close to a perfectly competitive market. Because there are so many individuals buying and selling hot dogs:

A) there is a shortage of hot dogs

B) there is a surplus of hot dogs

C) market forces set the price in the market

D) firms are able to make large economic profits

E) firms cannot make positive accounting profits

Answer:

The correct answer is C.

Explanation:

Perfect competition is a market/ industry situation where there are numerous companies producing similar or perfect substitute products. Also, in the same market, none of the players is large enough to single-handedly influence the market especially with respect to price.

Cheers!

What's the future value of an investment of $1 a year for each of 4 years, at the end of the last year? Suppose the interest rate is 8%.

Answers

Answer:

4.51

Explanation:

We have to calculate fva. The future value of annuity

Here is the formula

Fva = A [( + I)^n-1/I]

Where a = annuity

I = interest rate

N = number of years

Inserting into formula

1[(1+0.08)^4 - 1/0.08]

= 1[(1.36049 - 1)/0.08]

= 4.51

Therefore the future investment is $4.51

The Treasury bill rate is 4% and the market risk premium is 7%.

Project Beta Internal rate of return %
P 1.0 14
Q 0 6
R 2.0 18
S 0.4 7
T 1.6 20

Required:
a. What are the project costs of capital for new ventures with betas of 0.75 and 1.75?
b. Which of the following capital investments have positive NPVs?

1. P
2. Q
3. R
4. S
5. T

Answers

Answer:

the answer is going to be 3. R

Courtney's Caffeine Castle is investigating the feasibility of adding a new espresso maker to its line-up of products. The marketing department believes that 15,000 units can be sold at $90 each. Courtney's requires a 30% profit margin (i.e. cost is 70% of selling price) on all products. To achieve its goal, Courtney's must keep total costs equal to or below:
A. $675,000.
B. $900,000.
C. $661,500.
D. $945,000.

Answers

Answer:

D. $945,000.

Explanation:

You find a zero coupon bond with a par value of $10,000 and 21 years to maturity. The yield to maturity on this bond is 4.3 percent. Assume semiannual compounding periods.What is the price of the bond?

Answers

Answer:

Price of bond $4,092.49

Explanation:

Computation the price of the bond

Using this formula

Price of bond=Par value*1/(1+YTM/2)^(2*time period)

Where,

Par value=$10,000

1/(1+YTM/2)=1/(1+0.043/2)

(2*time period)=(2*21 years)

Let plug in the formula

Price of bond=$10,000*1/(1+0.043/2)^(2*21)

Price of bond=$10,000*1/(1.0215)^42

Price of bond=$10,000*(0.97895252)^42

Price of bond=$10,000*0.4092497467

Price of bond=$4,092.49

Therefore the price of the bond will be $4,092.49

Differentiate between team and teamwork

Answers

Team - A team is a group of individuals working together to achieve their goal(s).

Teamwork - Teamwork is the collaborative effort of a group to achieve a common goal or to complete a task in the most effective and efficient way. This concept is seen within the greater framework of a team, which is a group of interdependent individuals who work together towards a common goal.

(From Wikipedia)

Answer:

The correct answer is

Explanation:

Team: A group of people working together to achieve their goals.

Teamwork: A skill used by a group of people to achieve their required goal. It helps to finish the work perfectly and efficiently. It also shows that the members of that particular group are skillful and hard working.

Hope this helps....

Have a nice day!!!!

TB MC Qu. 7-77 Corbel Corporation has two divisions: Division A and ... Corbel Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $47,700 for Division A. Division B had a contribution margin ratio of 35% and its sales were $231,000. Net operating income for the company was $27,200 and traceable fixed expenses were $59,700. Corbel Corporation's common fixed expenses were:

Answers

Answer:

Corbel Corporation's common fixed cost  is $41,650

Explanation:

Division A contribution margin       $47,700

Division B contribution Margin       $80,850           $128,550

($231,000 * 35%)

Less: Traceable fixed cost              $59,700

Operating Income                           $27,200           ($86,900)

Common fixed cost                                                   $41,650

A piece of equipment (Asset class 15.0) was purchased bythe Jones Construction Company. The cost basis was $300,000. Determinethe ADS and GDS depreciation deductionfor this property each year

Answers

Answer:

Alternative depreciation system (ADS depreciation) per year:

Year                     %                     depreciation expense

1                           8.32%              $24,960

2                          16.67%             $50,010

3                          16.67%             $50,010

4                          16.67%             $50,010

5                          16.67%             $50,010

6                          16.67%             $50,010

7                           8.33%             $24,990

General depreciation system (GDS depreciation) or MACRS per year:

Year                     %                     depreciation expense

1                            20%                $60,000

2                           32%                $96,000

3                           19.20%            $57,600

4                           11.52%             $34,560

5                           11.52%             $34,560

6                           5.76%              $17,280

During 2018, its first year of operations, Pave Construction provides services on account of $126,000. By the end of 2018, cash collections on these accounts total $93,000. Pave estimates that 20% of the uncollected accounts will be bad debts. Required: a. Record the adjustment for uncollectible accounts on December 31, 2018.b. Calculate the net realizable value of accounts receivable.

Answers

Answer: Please see answer in the explanation column

Explanation:

Account receivables = Total account - cash collections

                                         $126,000 -- $93,000

                                  = $33,000

Uncollectible Accounts = 20% x 33,000 = $6,600

a) Journal to record the adjustment for uncollectible accounts

Date                  Account                       Debit                Credit

Dec 31, 2018   Bad debts expense   $6,600  

Allowance for uncollectible accounts                          $6,600

B) net realizable value of accounts receivable= Total Accounts Receivable - Allowance for uncollectible accounts

= $33,000 - $6,600= $26400

Owen expects to receive at the end of next year from a trust fund. If a bank loans money at an interest rate of ​, how much money can he borrow from the bank on the basis of this​ information?

Answers

Answer: a) $18,605

Explanation:

The amount he can borrow today will be an amount that when grown at a rate of 7.5% per year will equal $20,000 in a year.

20,000 = Amount + ( Amount * rate * time)

20,000 = Amount + (7.5% * Amount)

2,000,000 = 1.075 * Amount

Amount = $18,605

"A mutual fund manager of a "high technology" fund feels that the market for this sector will remain flat in the next coming months and he wishes to generate some additional income against his portfolio. The best strategy is to sell:"

Answers

Answer:  C.  narrow-based calls

Explanation:

Narrow based calls would include calls from one industry. The mutual fund is an "High technology" firm which means that it is a narrow based fund for instance as it is interested only in one industry being the High Tech industry.

The manager should invest in Narrow based calls that focus on the sector if he anticipates that the market will remain flat for the sector. Narrow based Calls are more volatile because they are specific and with the volatility comes higher premiums to be charged.

Should he wish to make income against the portfolio, he should sell these knowing that the options will not be called as the market will remain flat.

Piedmont Hotels is an all-equity company. Its stock has a beta of 1.23. The market risk premium is 6.9 percent and the risk-free rate is 2.7 percent. The company is considering a project that it considers riskier than its current operations so it wants to apply an adjustment of 1.9 percent to the project's discount rate. What should the firm set as the required rate of return for the project

Answers

Answer:

The required rate of return for the project will be 13.087%

Explanation:

To calculate the required rate of return for the project, we must first calculate the required rate of return for the firm's equity. The required rate of return can be calculated using the CAPM or Capital Asset Pricing Model equation. The formula for required rate of return (r) under this model is,

r = rRf + Beta * rpM

Where,

rRF is the risk free raterpM is the risk premium on market

r = 0.027 + 1.23 * 0.069

r = 0.11187 or 11.187%

The discount rate that is usually used for an all equity firm is its required rate of return. Thus, the required rate of return for the project will be,

r = 0.11187 +  0.019

r = 0.13087 or 13.087%

The owners of a landscaping business decide they need insurance to cover their trucks in case of accidents , injuries caused by flying debris from their trimmers and blowers, and property damage caused by falling tree limbs. What type of policy should the owners consider to cover all of these risk?

Answers

A business owners policy

Answer:

it is a business owners policy

Explanation:

APEX

What best explains why a firm's ratio of long-term debt/total capital is lower than the industry average, while the ratio of income before interest and taxes/debt interest charges is higher than the industry average

Answers

Answer:

The lower ratio of long-term debt to total capital is explained by the fact that the company is not highly geared or leveraged in comparison to the industry average firm.

This also explains why the ratio of income before interest and taxes to the debt interest charges is higher than the industry average because the firm does not pay so much in interest expense as the average firm in its industry.

Explanation:

Company X's leverage determines its ratio of long-term debts to total capital.  If Company X has large long-term debts it will have a higher long-term debts to total capital ratio and vice versa.  In that situation, Company X will also pay more in interest, causing its ratio of income before interest and taxes to the interest charges to be higher than the industry average, and vice versa.

pryor frosted flakes company offers its customers a pottery cereal bowl if they send in 4 boxtops from flakes boxes and $1.00. The company estimates that 60% of the boxtops will be redeemed. In 2007, the company sold 500,000 boxes and costumers redeemed 220,000 boxtops receiving 55,000 bowls. if the bowls cost 2.50 each, how much liabilitiy for outstanding premiums should be recorded at the end od 2007?

Answers

Answer: $30,000

Explanation:

Company estimates that 60% of boxtops will be redeemed.

They sold 500,000 boxes

= 500,000 * 60%

= 300,000 boxtops will be sent in.

So far, 220,000 have been sent in. How many left;

= 300,000 - 220,000

= 80,000 boxtops are still to be sent in

4 boxtops are needed to receive a pottery bowl so with 80,000;

= 80,000/4

= 20,000 pottery bowls are due to be issued.

Each bowl costs $2.50 to make.  Customers will send in $1 however so effectively it will cost the company;

= 2.50 - 1

= $1.50

With 20,000 still left to be issued, each costing $1.50, the total liabilitiy for outstanding premiums to be recorded at the end of 2007 is;

= 20,000 * 1.5

= $30,000

You borrow $25,000 to be repaid in 24 monthly installments of $1,212.17. The annual interest rate is closest to:

Answers

Answer:

15%

Explanation:

For computing the annual interest rate we need to apply the RATE formula i.e to be shown in the attachment below;

Given that,  

Present value = $25,000

Future value or Face value = $0

PMT = $1,212.17

NPER = 24 months

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after applying the above formula,

The annual interest rate is

= 1.25% × 12 months

= 15%

Calculate gross profit ratio and cost of goods sold Refer to the consolidated statements of earnings in the Campbell Soup Company annual report in the appendix.
Required:
a. Calculate the gross profit ratio for each of the past three years.
b. Assume that Campbell's net sales for the first four months of 2015 totaled 527 billion. Calculate an estimated cost of goods sold and gross profit for the four months.

Answers

Answer:

gross profit ratio = (total revenue - cost of goods sold) / total revenue

I looked for the missing information:

year                    total sales                   cost of goods sold

2012                    $7,175                            $4,365

2013                    $8,052                           $5,140

2014                    $8,268                           $5,370

   

a)

gross profit ratio:

2012 = ($7,175 - $4,365) / $7,175 = 39.16%

2013 = ($8,052 - $5,140) / $8,052 = 36.16%

2014 = ($8,268 - $5,370) / $8,268 = 35.05%

b)

since the gross profit margin ratio is decreasing every year, we can assume that it will keep decreasing in 2015. Using linear regression, the slope is -0.02055. So the estimated gross profit margin ratio for 2015 = 34.33%

estimated cogs (first four months of 2015) = $527 billion x (1 - 34.33%) = $346.08 billion

estimated gross profit (first four months of 2015) = $527 billion x 34.33% = $180.92 billion

Reed Company is in the process of preparing its financial statements for 2022. During 2022, Reed changed from the double-declining balance method for its building to the straight-line method. The building originally cost $900,000. It had an original useful life of 25 years and a salvage value of $60,000. Purchase date was 1/1/20. The 2022 depreciation expense for the building will be:

Answers

Answer:

$30,511.30

Explanation:

The double declining method was used for two years

Depreciation expense using the double declining method = Depreciation factor x cost of the asset

Depreciation factor = 2 x (1/useful life) = 2 /25 = 0.08

Depreciation expense in 2020 = 0.08 x $900,000 = $72,000

Book value =  $900,000 - $72,000 = $828,000

Depreciation expense in 2021 = 0.08 x $828,000 = $66,240

book value = $828,000 - $66,240 = $761,760

Straight line depreciation expense = (book value - Salvage value) / useful life

useful life = 25 - 2 = 23

book value = $761,760

salvage value = $60,000.

( $761,760  - $60,000. ) / 23 = $30,511.30

The depreciation expense for the remaining useful life of the asset would $30,511.30

 

Tanner-UNF Corporation acquired as a long-term investment $190 million of 8% bonds, dated July 1, on July 1, 2021. Company management has the positive intent and ability to hold the bonds until maturity, but when the bonds were acquired Tanner-UNF decided to elect the fair value option for accounting for its investment. The market interest rate (yield) was 10% for bonds of similar risk and maturity. Tanner-UNF paid $160 million for the bonds. The company will receive interest semiannually on June 30 and December 31. As a result of changing market conditions, the fair value of the bonds at December 31, 2021, was $170 million.

Required:
a. Prepare the journal entry to record Tanner-UNF's investment in the bonds on July 1, 2021.
b. Prepare the journal entry by Tanner-UNF to record interest on December 31, 2021, at the effective (market) rate.
c. At what amount will Tanner-UNF report its investment in the December 31, 2021, balance sheet? Why?
d. Suppose Moody's bond rating agency downgraded the risk rating of the bonds motivating Tanner-UNF to sell the investment on January 2, 2022, for S190 million. Prepare the journal entry to record the sale.

Answers

Answer and Explanation:

a. Investment in bonds Dr, $190 million

            To Discount on bond investment $30 million

             To Cash $160 million

(Being purchase of investment is recorded)

b. Cash Dr, ($190 × 8% × 6 ÷ 12) $7.6 million

    Discount on bond investment Dr, $0.4 million

                       To Interest revenue ($160 × 10% × 6 ÷ 12) $8 million

(Being interest on bonds is recorded)

c. The computation of investment in the December is shown below:-

Bond investment   $190 million

Less: discount on bond investment ($30 - $0.4)  -$29.6 million

Amortization cost $160.40 million

As the company reports fair value of $190 million in its balance sheet. Also the timing of selling and purchase the investment is decided by the management as there is a market value, available for sale securities, the market rate of return varies and the short term, as well as the long term securities, are also invested

d. Cash Dr, $190 million

    Discount on Bonds investment Dr, $29.6 million ($30 million - $0.4 million )

    Loss on sale of bonds Dr, $29.6 million

                    To Investment in bonds $190 million

(Being sale of bonds is recorded)

Lawrence​ Industries' most recent annual dividend was ​$2.28 per share ​(D0=$2.28​), and the​ firm's required return is 13​%. Find the market value of​ Lawrence's shares when dividends are expected to grow at 8​% annually for 3​ years, followed by a 7​% constant annual growth rate in years 4 to infinity.

Answers

Answer:

Value of stock = $41.75

Explanation:

The price of a stock using the dividend valuation model is the present value of the the future dividend expected from the stock discounted at the required rate of return.

value of dividend from year 1 to 3

Year                                                     Present Value  

1               2.28× 1.08^1 × 1.13^(1-) =           2.179

2             2.28× 1.08^2 × 1.13^(-2) =         2.083

3.              2.28 × 1.08^3 × 1.13^(-3)=          1.991

Present value of Dividend in Year 4 and beyond

This will be done in two steps

Step 1  :PV in year 3 terms  

= Dividend in year 4× (1.06)/(0.1-0.06)

2.28 × 1.08^3  × 1.07/(0.13-0.07)=  51.220

step 2 : PV in year 0 terms =

PV in year 3 × 1.1^(-3)

=51.220 × 1.13^(-3)= 35.498

Value of stock =  2.179  +2.083  +1.991 + 35.498 = 41.75

Value of stock = $41.75

If the distribution of water is a natural monopoly, then:__________.
a. a single firm cannot serve the market at the lowest possible average total cost.
b. allowing for competition among different firms in the water-distribution industry is efficient.
c. average cost increases as the quantity of water produced increases.
d. multiple firms would likely each have to pay large fixed costs to develop their own network of pipes.

Answers

Answer:

d. multiple firms would likely each have to pay large fixed costs to develop their own network of pipes.

Explanation:

Option a is wrong because:

The initial investment is very high, therefore, the more firms competing will only increase the required investments and fixed costs associated with them, e.g. depreciation, maintenance. That is why the lowest average costs is generally achieved when only one firm serves this type of market.

Option b is wrong because:

A natural monopoly exists because it is extremely difficult for two or more competing firms to exist. Generally the required investment is very high, and the revenues are not large enough to allow two or more firms to compete.

Option c is wrong because:

Utilities require large initial investments, but once they are set up, the production costs are very small. I.e. the fixed costs are more relevant than the variable costs. Average production costs as decrease as the quantity produced increases.

Standards are set by a.manufacturing engineers. b.accountants. c.other management personnel. d.All of these choices are correct

Answers

Answer: d.All of these choices are correct.

Explanation: all of the listed options all make use of standar, manufacturing engineer, accountant, and other management personnel make use of standards to estimate the acceptable production efficiency. Standards are also set by this personnel’s to motivate employees so as to achieve efficient operations and use of man power.

What is the difference between full absorption costing and variable costing?A. In full absorption costing, all of the non-manufacturing costs are expensed. In variable costing, all of the non-manufacturing expenses are included in the cost of the product.B. In full absorption costing, fixed manufacturing overhead is expensed. In variable costing, fixed manufacturing overhead is included in the cost of the product.C. In full absorption costing, fixed manufacturing overhead is included in the cost of the product. In variable costing, fixed manufacturing overhead is expensed.D. Variable costing must be used for external financial reports while full absorption costing can only be used for internal reporting.

Answers

Answer: C. In full absorption costing, fixed manufacturing overhead is included in the cost of the product. In variable costing, fixed manufacturing overhead is expensed.

Explanation:

Full absorption costing accounts for all the costs involved in making a product including the indirect and the direct costs. That means both variable costs like direct materials and direct labor as well as fixed costs like rent, and insurance are included in the cost of the product.

Variable costing on the other hand expenses fixed manufacturing overhead separately. As a result, Full absorption has a higher cost of inventory than does Variable costing.

. Which of these statements is true about the field of organizational behavior? 1 point A. It examines how individuals and teams in organizations relate to one another and to their counterparts in other organizations. B OB researchers systematically study various topics at a common level rather than at multiple levels. C. Information technology has almost no effect on organizational behavior. D. The field of organizational behavior relies exclusively on ideas generated within the field by organizational behavior scholars. E. The origins of organizational behavior are traced mainly to the field of economics.

Answers

Answer:

A. It examines how individuals and teams in organizations relate to one another and to their counterparts in other organizations.

Explanation:

Organizational behavior examines how individuals and teams in organizations relate to one another and to their counterparts in other organizations.

An organizational behavior can be defined as the study of people's opinions, feelings, actions and how people perceive an organization.

This ultimately implies that, an organizational behavior is the study of people's opinions, feelings, actions and how people perceive an organization.

Basically, it measures how an organization relates with its external environments. This is very key to formulating policies, mission and achieving a successful long-term organizational goals and objectives.

Which of the following is an example of a disruptive innovation?

Answers

Answer: C. Use of smartphones with Internet access replacing use of  landlines

Explanation:

A disruptive innovation is one that when initiated, has a significant effect on the way an industry works such that if participants do not adapt, they will probably find themselves at a disadvantage.

An example is how digital photography replaced the use of chemicals to print photographs and also how video streaming online replaced the need for video rentals from shops which led to the closure of shops like Blockbuster.

For this question, the use of smartphones which also have internet access instead of landlines is a disruptive innovation. Smartphones provide a very convenient means to communicate with others in more ways than a landline could especially with it's access to the internet. This saw most people moving away from the use of landlines in favor of smartphones.  

The correct option to an example of disruptive innovation will be use of smartphones with internet access replacing the use of landlines. The correct option is C.

Disruptive innovation refers to a condition where the innovation of a product completely destroys the purpose of the existing technology in such a way that the usage of such product almost becomes extinct.

The landlines were an important innovation for humans as it enabled the wired routes to communicate with people on their unique line. It saved a lot of time and manpower.

This invention itself was a disruptive invention as it replaced the letter and postcards for communication. However, with the invention of  smartphones with internet access enabled wireless communication.

The invention of a smartphone with internet access were not restricted just to calling but important features like texting, instant messaging, surfing, browsing and sending multimedia files as well.

Hence, the correct option is C that the use of smartphones with internet access replaced the use of landlines is an example of disruptive innovation.

To know more about disruptive innovation, refer to the link below.

https://brainly.com/question/25609554

Sam and Suzy Sizeman need to prepare a cash budget for the last quarter of 2020 to make sure they can cover their expenditures during the period. Sam and Suzy have been preparing budgets for the past several years and have been able to identify the percentage of their income that they pay for most of for their cash outflows. These percentages are based on their​ take-home pay​ (e.g., monthly utilities normally run 5.1% of monthly​ take-home pay).

The information in the following table can be used to create their fourth-quarter budget for 2013.

Income

Monthly take-home pay $4,900

Expenses:
Housing 30%
Utilities 5%
Food 10%
Transportation 7%
Medical/dental 0.5%
Clothing for October and November 3%
Clothing for December $440
Property taxes (November only) 11.5%
Appliances 1%
Personal care 2%
Entertainment for October and November 6%
Entertainment for December $1,500
Savings 7.5%
Other 5%
Excess cash 4.5%

Required:
a. Prepare a quarterly cash budget for Sam and Suzy covering the months October through December 2013.
b. Are there individual months that incur a deficit?
c. What is the cumulative cash surplus or deficit by the end of December 2013?

Answers

Answer:

a)                      Statement showing Cash Budget

Particulars       October$     November$   December$    Total

$

Monthly take     4,900.00       4,900.00        4,900.00     14,700.00

home pay

Housing at 30%  1,470.00        1,470.00  1,470.00        4,410.00

Utilities at 5%     245.00         245.00            245.00         735.00

Food at 10%     490.00         490.00            490.00         1,470.00

Transportation   343.00          343.00             343.00         1,029.00

at 7%

Medical at 0.5%   24.50             24.50              24.50            73.50

Clothing at 3%     147.00           147.00                   -               294.00

for Oct and Nov

Clothing for Dec        -                -                 440.00           440.00

Property Taxes          -          563.50                -                563.50

at 11.5% for Nov

Appliances at 1% 49.00           49.00              49.00             147.00

Personal Care      98.00           98.00               98.00            294.00

at 2%

Entertainment     294.00           294.00                      -           588.00

at 6% for Oct and Nov

Entertainment               -                   -                1,500.00       1,500.00

for Dec

Savings at 7.5%   367.50         367.50             367.50           1,102.50

Other 5%               245.00         245.00            245.00          735.00

Excess Cash          220.50        220.50            220.50           661.50

at 4.5%  

Remaining Cash    906.50          343.00          -592.50          657.00

b) Yes-  In December there is a deficit of $592.50

c) Cumulative surplus is of $657 by end of Dec 2013

X-treme Vitamin Company is considering two investments, both of which cost $20,000. The cash flows are as follows: Year Project A Project B 1 $ 23,000 $ 20,000 2 10,000 9,000 3 10,000 15,000 Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods. a-1. Calculate the payback period for Project A and Project B. (Round your answers to 2 decimal places.) a-2. Which of the two projects should be chosen based on the payback method

Answers

Answer:

Project A = 0.87 years

Project B =  1 year

2 Project should be chosen because it has a shorter payback period.

Explanation:

Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows.

For project A, the payback period is $20,000 / $23,000 = 0.87 years

For project B, the payback period is $20,000 / $20,000 = 1 year

Project should be chosen because it has a shorter payback period.

Firms that compete in the global marketplace typically face two types of competitive pressures, namely, the pressures for _______ and _______.
a. global integration; local responsiveness
b. politically sensitivity; market leadership
c. cost reductions; marginal costs
d. price reductions; cost reductions

Answers

Answer:

a. global integration; local responsiveness.

Explanation:

A competitive pressure in business management can be defined as the  degree of competition faced by a firm which involves the process of seeking to have a significant share of the available customers and market in a specific industry.

Firms that compete in the global marketplace typically face two types of competitive pressures, namely, the pressures for global integration and local responsiveness.

A global integration can be defined as the degree to which a particular firm can make use of the available resources, products and methods in another country.

On the other hand, local responsiveness can be defined as the extent to which a particular firm must customize or tailor its products and methods of production in order to meet conditions in another country.

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