Answer: Job description
Explanation:
A job description is a written statement that shows the responsibility of a worker in a particular organization. A job description can also include the details about the company such as the mission and vision of the company and its culture.
The job description is a written statement of what a job holder does, how it is done, under what conditions it is done, and why it is done.
Differentiate between team and teamwork
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....
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Budgeted variable overhead for the year is $150,000. Expected activity is 30,000 standard direct labor hours. The actual hours worked were 15,000 and the standard hours allowed for actual production were 18,000. The variable overhead efficiency variance is:
Answer:
-$15,000 favorable variance
Explanation:
variable overhead efficiency variance = standard overhead rate x (actual hours - standard hours)
standard variable overhead rate = $150,000 / 30,000 = $5actual hours 15,000standard hours 18,000variable overhead efficiency variance = $5 x (15,000 - 18,000) = $5 x (-3,000) = -$15,000 favorable variance
In which of the following scenarios would enforcement of specific performance be appropriate? Multiple Choice Your bookstore agrees to order a textbook for you but breaches its contract with you by canceling the order the next day. You order 3 gallons of white ceiling paint from a local store, and the store breaches by not delivering or making available to you the 3 gallons. You own the pistol used by Hamilton and contract to buy the pistol used by Burr in the Hamilton-Burr duel to complete your set, but despite the contract the Burr pistol owner refuses to sell at the last minute. You order a current-model, name-brand television from a department store, and a few days later the store breaches by not ordering it from the manufacturer.
Answer:
Correct Answer:
2. You order 3 gallons of white ceiling paint from a local store, and the store breaches by not delivering or making available to you the 3 gallons.
3. You own the pistol used by Hamilton and contract to buy the pistol used by Burr in the Hamilton-Burr duel to complete your set, but despite the contract the Burr pistol owner refuses to sell at the last minute.
1. Your bookstore agrees to order a textbook for you but breaches its contract with you by canceling the order the next day.
Explanation:
In enforcement of specific performance is applied in situations where there there is an established contract that has was not honored. This bridge of contract would then trigger performance enforcement.
The Sherman Antitrust Act of 1890 was successful enough in reducing the power of cartels and monopolies that no further legislation to curb monopoly power has ever been needed.
a. True
b. False
Answer:
False
Explanation:
After the Sherman Antitrust Act of 1890 , the Clayton Act was passed in 1914. the purpose of this act was to strengthen the anti trust law
If the range of feasibility indicates that the original amount of a resource, which was 20, can increase by 5, then the amount of the resource can increase to 25.
a. True
b. False
Answer: True
Explanation:
The range of feasibility is used to measure values that are on the right-hand-side(objective function) that won't alter dual prices.
When the range of feasibility indicates that the original amount of a resource, which was 20, can increase by 5, then the amount of the resource can increase to (20 + 5) = 25
Therefore, the option is true
Today’s business headlines frequently cite pensions being underfunded, thus costing companies more in contributions to their pension fund as well as pensioners risking not receiving what they had planned for retirement. This has been caused by underperformance of the pension fund itself and the over promising of benefits to retirees. Take the following example:_______.
Assume $20m was invested today to provide for pension payments for a group of employees. Assume also that the average return on these funds was 8.5%
1. How big will the fund be in 25 years?
2. Suppose at year 12 the fund decreased in value by 30%. What returns would be required for the next 13 years to achieve the 25 year amount?
3. Advisor's counseled the company that a conservative investment return of 6% annually for the next 13 years would be advisable and that the company would have to contribute annually to make up the shortfall. How much would have to be contributed annually beginning year 13 if the fund earned 6% in order to achieve the 25 year goal?
Please show the method used to solve this problem.
Answer:
1) in 25 years, the pension fund should equal:
future value = present value x (1 + interest rate)ⁿ
FV = $20,000,000 x (1 + 8.5%)²⁵ = $153,735,247
2) the value in 12 years = $20,000,000 x (1 - 30%) = $14,000,000
future value = present value x (1 + interest rate)ⁿ
$153,735,247 = $14,000,000 x (1 + interest rate)¹³
(1 + interest rate)¹³ = $153,735,247 / $14,000,000 = 10.981
¹³√(1 + interest rate)¹³ = ¹³√10.981
1 + interest rate = 1.2024
interest rate = 1.2024 - 1 = 20.24%
3) if the fund only earns 6%, in 13 years it will be worth:
FV = $14,000,000 (1 + 6%)¹³ = $29,860,996
so you need $153,735,247 - $29,860,996 = $123,874,251 more
we need to use the future value of an annuity formula:
FV of an annuity = annuity payment x annuity factor
FV of an annuity = $123,874,251annuity payment = ?annuity factor (6%, 13 periods) = 18.882annuity payment = $123,874,251 / 18.882 = $6,560,441
The price of oil in the United States has been very volatile over the last 50 years, with the real price of oil showing a few dramatic swings. When did these swings occur, and what can explain them? The first dramatic swing happened in the 1970s when there was a sharp ▼ drop rise in the real price of oil caused by ▼ a large financial crisis the formation of OPEC increased demand from emerging economies . The second swing happened in the 2000s when there was a sharp ▼ rise drop in the real price of oil caused by ▼ increased demand from emerging economies a large financial crisis the formation of OPEC . The most recent swing happened in 2008 when there was a sharp ▼ rise drop in the real price of oil caused by
Answer:
The first dramatic swing happened in the 1970s when there was a sharp rise in the real price of oil caused by the formation of OPEC.
In 1973, the World saw it's first oil spike when members of the Organization of Oil Exporting Countries (OPEC) being mostly Muslims, decided to punish the Western World for their perceived support of the Israelis in the Yom Kippur War. They placed an embargo on the sale of oil to the West and because they controlled 56% of the then World supply, this was enough to force the price of oil up due to the reduction in demand.
The second swing happened in the 2000s when there was a sharp rise in the real price of oil caused by increased demand from emerging economies.
From the early 2000s to 2008, the price of oil kept rising steadily till it reached around $147.30 in July 2008. This rise in prices was due to increased demand from newly industrialized and emerging nations like China that needed the oil to maintain their rapid growth.
The most recent swing happened in 2008 when there was a sharp drop in the real price of oil caused by a large financial crisis.
By December 2008, the price of oil had fallen to $32 and this was down to the global recession that was ravaging the World known as the Great Recession. As the world saw economic output fall, demand for oil decreased sharply thereby forcing the price of oil to fall dramatically.
Data mining is important because any customer can become a brand advocate or adversary by freely expressing opinions and attitudes that reach millions of other customers on social media.a. Trueb False
Answer: False
Explanation:
Dta mining is the generation of new information by examining large databases that are already in existence. In data mining, raw data will be eventually turned to useful information which will be used to increase sales, develop marketing strategies, and decrease costs.
The information that data mining is important because any customer can become a brand advocate or adversary by freely expressing opinions and attitudes that reach millions of other customers on social media is false.
Ink Inc. has a capital structure consisting of 25 percent debt and 75 percent common equity financing. The company has $800 million in net income and plans to pay out 40 percent of their earnings as dividends. What is the maximum amount of new financing that the company can raise without selling new common stock?
Answer:
$640 million
Explanation:
The computation of maximum amount of new financing is shown below:-
New financing from equity = $800 million × (1 - 40%)
= $480 million
New financing from debt = $480 million ÷ 75% × 25%
= $160 million
Now the maximum amount of new financing is
= $480 million + $160 million
= $640 million
Hence, the maximum amount of new financing is $640 million
A company believes that its product will exhibit network effects if enough consumers begin to use it. How might this company decide to price its product? Offer the product for free early on, and increase the price later.
Answer: a. Offer the product for free early on, and increase the price later
Explanation:
When a product is said to have a network effect, what it means is that the product gets more value as more people use it. For example Whtsapp which is only such an effective means of communication because more and more people are getting it. If people did not get it, it would not be such a good medium and would be valued less.
If a company wants to price such a product, they should charge at lower rates first which would entice more people to use the product thereby giving the product more value. As the product value increases, the price can then increase to reflect this increased value.
Internal rate of return method The internal rate of return method is used by Testerman Construction Co. in analyzing a capital expenditure proposal that involves an investment of $149,630 and annual net cash flows of $45,000 for each of the six years of its useful life. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. Open spreadsheet Determine the internal rate of return for the proposal.
Answer:
Testerman Construction Co.
Internal rate of return method in analyzing capital expenditure:
Present value of expenditure = $149,630
Present of cash inflows annuity = $149,630 (using 20% discount rate and present value annuity factor of 3.3251 x $45,000)
NPV = $0 (PV of cash outflow - PV of cash inflow)
Therefore, the IRR = 20%
Explanation:
a) Data and Calculations:
Investment cost = $149,630
Annual net cash flows = $45,000
Investment period = 6 years
Annuity of future cash flows = 3.3251
b) Testerman’s IRR (Internal Rate of Return) is a capital budgeting and analysis tool which determines the discount rate that makes the present value of future inflows equal to the present value of outflows from a project. This IRR helps the managers to determine the projects that add value and are worth undertaking. IRR is based on assumptions. Similar projects with the same IRR will differ in returns due to the differences in timing and the size of the cash, the amount of debts and equity used to generate the returns, and the assumption of a constant reinvestment may which IRR makes.
The practice of changing prices for products in real time in response to supply and demand conditions is referred to as
Answer:
Dynamic pricing
Explanation:
In simple words, Dynamic pricing, often alluded to as rising rates, vibrant pricing as well as period-based pricing, relates to the pricing technique under which companies set variable prices for goods or commodities on the basis of existing consumer demands. A main benefit of competitive pricing seems to be the opportunity to increase the income with each consumer.
Variable versus absorption costing Colorado Business Tools, manufactures calculators. Costs incurred in making 9,500 calculators in February included 29,450 of fixed manufacturing overhead. The total absorption cost per calculator was $10.25.
Required:
a. Calculate the variable cost per calculator.
b. The ending inventory of pocket calculators was 750 units higher at the end of the month than at the beginning of the month. By how much and in what direction (higher or lower) would operating income for the month of February be different under variable costing than under absorption costing?
c. Express the pocket calculator cost in a cost formula.
Answer:
Variable cost per unit = 7.15
Difference in profit = $2,325
Cost formula : Y = 3.1 + 7.15X
Explanation:
Variable cost per calculator =Full cost - Fixed cost per unit
Full cost= $10.25
Fixed cost per unit = Total fixed costs / Number of units
= $29,450/9,500 units= 3.1
Variable cost per calculator = $10.25 - 3.1 = 7.15
Difference in profit = OAR (fixed cost per unit)× change in inventory
= 3.1 × 750 = $2,325
The absorption costing profit would be higher if there is an increase in increase at the end of the period and vice versa. Hence , an increase in inventory by 750 units would mean that absorption costing profit is higher by $2,325
Cost of calculator
Y = a +bx
Y = 3.1 + 7.15X
Y- total cost per unit
Fixed cost per unit = 3.1
Variable cost per unit = 7.15
Variable cost per unit = 7.15
Difference in profit = $2,325
Cost formula : Y = 3.1 + 7.15X
Identify five HRM criteria or components that can be used to measure organizational effectiveness or ineffectiveness. "Grievance rate" is an example.
Answer:
They include;
1. Customer Satisfaction
2. Absenteeism
3. Legal Compliance
4. Performance
5. Training
Explanation:
The Human Resource Management criteria that are used to measure the effectiveness or ineffectiveness of an organization, are a list that gives an idea of how an organization is performing, and this list can serve as a basis of comparison with other organizations. These options include;
1. Satisfaction: If the employees are treated fairly and so, feel satisfied with the organization, then they can be said to be effective.
2. Absenteeism: When workers are always absent from work it does not present the organization as an effective one.
3. Legal Compliance: The organization must be able to comply to government rules and regulations guiding the business to be rated as effective.
4. Performance: High or low-performance which is reflected in the turnover rates would be an indication of how effective or ineffective an organization is.
5. Training: The organization should be able to provide regular standard training for its workers to be rated as effective.
A technical analyst has been charting the price movements of ABC stock. The stock has been fluctuating in price between $63 and $67 per share for the past 3 months. If the analyst expects a breakout through the support level, which order should be placed
Answer:
The trader should orders to buy ABC stock or take a long position to the stock.
Explanation:
The stock has been fluctuating for 3 months, hence, its value should be well analysed. Now if there is a breakout through the support level, usually with a good quarterly performance report, the stock is likely to go "bull". Buying and holding the stock is a rational decision.
The basic unit in which data are stored in an accounting system is called an __________. These storage units should be so constructed as to readily receive money measurements of the __________ or ___________ in the items for which they are established.
Answer:
it would be 3 units for the first part then second answer would be 5 then the last one would be 13
Explanation:
that's why it would be asking for how many units for each storage units
A firm has the following gross requirements for Item OF. Ordering costs are $60 per order and carrying costs are $0.50 per period.
Item F Period
LT: 1 1 2 3 4
Gross Requirements 60 40 80 60
Schedule Receipts
Project on Hand 100
Net Requirements
Planned Order Receipts
Planned Order Releases
If EOQ lot sizing is used the minimum order quantity would be:_______
a. 85
b. 100
c. 120
d. 150
Answer:
c. 120
Explanation:
The economic order quantity is the minimum amount of inventory that a seller must keep to demand and lower the holding cost. The formula for Economic order quantity is represented by the formula:
EOQ = [tex]\sqrt{\frac{2*Demand*Ordering Cost}{Holding cost} }[/tex]
EOQ = [tex]\sqrt{\frac{2*240*60}{0.5} }[/tex]
EOQ = 120
Beginning in 6 years, (beginning of years 6, 7,8 and 9) Sally Mander will receive four annual benefit checks of $12,000 each. If Sally assumes an interest rate of 7%, what is the present value of these checks?
Answer:
$28,980
Explanation:
The present value can be calculated by multiplying annual cashflows with the discount factor. The table to calculate the Present Value has been made below.
DATA
Annual benefit = $12,000
Discount rate = 7%
Present value =?
Calculation
Year Cash inflows Discount factor Present Value
6 $12,000 0.666 $7,992
7 $12,000 0.623 $7,476
8 $12,000 0.582 $6,984
9 $12,000 0.544 $6,528
Total $28,980
On February 3, 1969, New York lawyer and businessman _______________ was appointed the Beatles' business manager, as John was impressed by what the man had done financially for the Rolling Stones.
Answer:
Allen B. Klein
Explanation:
Allen B. Klein was an American businessman that became a powerful person in the music industry because he managed several artists and became well known for helping them increase their income and he worked with Sam Cooked, the Rolling Stones and The Beatles who hired in him in 1969 as their manager. According to this, the answer is that on February 3, 1969, New York lawyer and businessman Allen B. Klein was appointed the Beatles' business manager, as John was impressed by what the man had done financially for the Rolling Stones.
You have $. You put % of your money in a stock with an expected return of %, $ in a stock with an expected return of %, and the rest in a stock with an expected return of %. What is the expected return of your portfolio?
Answer: 16.26%
Explanation:
The expected return is the weighted average of the returns of the constituent stocks in the portfolio.
Weights.
Stock A = 20%
Stock B
= 30,000/70,000
= 0.4286
Stock C
= 70,000 - 30,000 - (20% * 70,000)
= 70,000 - 30,000 - 14,000
= $26,000
= 26,000/70,000
= 0.3714
Expected return = ( 0.2 * 12%) + ( 0.4286* 15%) + ( 0.3714 * 20%)
= 0.024 + 0.06429 + 0.07428
= 0.16257
= 16.26%
Assume that the firm is 40% financed by debt and 60% financed by equity. Its cost of debt is 8% and the cost of equity is 15%. The tax rate is 40%. What is the firm’s WACC?
Answer:
10.92%
Explanation:
A firm is 40% financed by debt
= 40/100
= 0.40
The firm is also 60% financed by equity
= 60/100
= 0.60
Its cost of debt is 8%
=8/100
=0.08
Cost of equity is 15%
= 15/100
= 0.15
Tax rate is 40%
= 40/100
= 0.40
Therefore, the firm's WACC can be calculated as follows
WACC= 0.40×0.08×(1-0.40) + 0.60×0.15
= 0.032×0.6 + 0.09
= 0.0192 + 0.09
= 0.1092×100
= 10.92%
Hence the firm's WACC is 10.92%
When Production decreases what is a very likely possibility? a hire new workers b expand production c purchase new equipment d downsizing
The correct answer is D. Downsizing
Explanation:
In businesses, the term "downsizing" is used to describe a reduction in the number of workers or the total labor force. This often means non-essential workers are fired or even complete departments are eliminated. Moreover, this is likely to occur if the business expenses are higher than its profits or if the production decreases because in both situations fewer workers are needed to eliminate unnecessary expenses. In this context, if production decreases it is likely downsizing occurs.
The currency drain ratio is 0.5 of deposits and the banks' reserve ratio is 0.4. What is the money multiplier?
Answer: 1.67
Explanation:
From the question, we are informed that the currency drain ratio is 0.5 of deposits and the banks' reserve ratio is 0.4.
The money multiplier is calculated as:
(1 + the currency drain ratio)/( the reserve ratio + the currency drain ratio)
= (1 + 0.5)/(0.5 + 0.4)
= 1.5/0.9
= 1.67
Therefore, the money multiplier will be 1.67.
If a corporation has a dividend payout ratio of 75%, the undistributed earnings (25%) will:_________.
A. increase earnings per share.
B. decrease book value.
C. increase capital in excess of par
D. increase retained earnings
Answer:
D
Explanation:
Retained earnings is what is left of net income after a company has paid out dividends to its shareholders.
In response to the financial crisis, the Fed and the U.S. Treasury took all of the following policy actions except _______.
a. lowering tax rates on commercial bank profits
b. The Troubled Asset Relief Program
Answer: lowering tax rates on commercial bank profits
Explanation:
The financial crisis which is also widely called the global meltdown was caused as a result of the financial indutry deregulation.
The goal of TARP was to strengthen the banks, and improve market stability. Lowering tax rates on commercial bank profits wasn't part of the action used by the government.
Heston and Burton, CPA's, currently work a five-day week. They estimate that net income for the firm would increase by $75,000 annually if they worked an additional day each month. The cost associated with the decision to continue the practice of a five-day work week is an example of a(n)
Answer:
Opportunity cost.
Explanation:
Opportunity cost is an economics term that is used to describe the value or determinant to best forgone alternative in certain situations. In as much as every business model or dealings can never be measured in monetary terms because merit can also be determined through satisfaction gained and actual time spent on the job.
It is sometimes seen to fall in as individual perspective, this is seen as such because it is always different for every person in as much as our personality and different in likes and lifestyle affects it when it boils down to persons.
Economists also tag opportunity cost to be fundamental costs and are generally used for gaining a better understanding of a project.
An organization wants to reduce the possibility of outages when changes are implemented on the network. What should the organization use
Complete Question:
An organization wants to reduce the possibility of outages when changes are implemented on the network. What should the organization use?
A. Change management
B. Configuration management
C. Configuration management database
D. Simple Network Management Protocol
Answer:
A. Change management.
Explanation:
An organization wants to reduce the possibility of outages when changes are implemented on the network. What the organization should use is a change management.
According to the FTC's historical guidelines for mergers, would the FTC approve a merger between two firms that would result in an HHI of 1,025 after the merger?A: Maybe. The FTC would scrutinize the merger and make a case-by-case decision.B: Yes, the FTC would ignore the merger and allow it to go through.C: No, the FTC would probably challenge the merger.2. Instead of defining a market and counting up total sales, what are antitrust regulators looking at today when determining whether to allow a merger or not?A: HHIB: industry competitionC: four-firm concentration ratioD: innovation3. Price cap regulations are a market regulatory device governments utilize, where the top price a firm can charge is locked in for a defined period of time. All of the following statements are true, except:_________.A: The government sets a price by looking at the firm's average costs and then adding a normal rate of profit.B: The firm can make high profits by producing a higher quantity than expected.C: The firm can make high profits by producing at lower costs.D: The government sets a price level for a few years.
Answer and Explanation:
1. A: Maybe. The FTC would scrutinize the merger and make a case-by-case decision
the ftc would historically make a case-by-case decision for HHI( Herfindahl-Hirschman Index ) between 1000 and 1800 but nowadays antitrust enforcement agencies dontvdeoend much on ratios such as HHI in measuring competition but would rather perform in depth analysis of each industry under study
2.industry competition
Antitrust regulators look out for the level of competition in an industry in allowing mergers and rely more on case-by-case analysis in making it's evaluations
3.True
price cap regulations are used by government to control prices based on inflation levels or price cap index .price cap regulations set a cap on the price that can be charged by businesses for a product. They are set for a defined period of time.
4.A: The government sets a price by looking at the firm's average costs and then adding a normal rate of profit.
Government doesn't consider costs and normal rate of profit to the firm in setting price ceiling or floor for products
Disturbed Corp. needs to raise $57 million to fund a new project. The company will sell shares at a price of $23.70 in a general cash offer and the company's underwriters will charge a spread of 7.5 percent. The direct flotation costs associated with the issue are $725,000 and the indirect costs are $445,000. How many shares need to be sold?
Answer: 2653438 shares
Explanation:
From the information given in the question, the following can be deduced:
The share price will be:
= $23.70 × (1 - 7.5%)
= $23.70 × (1 - 0.075)
= $23.70 × 0.925
= $21.9225
The money that will be raised will be:
= 57,000,000 + 725,000 + 445,000
= $58,170,000
The number of shares that are needed to be sold will be:
= $58,170,000/$21.9225
= 2653438 shares
Rinaldo then wants to know whether you understand the impact of errors on the trial balance. If there are errors in the accounts in the general ledger, the trial balance:
Answer: c. may or may not balance
Explanation:
Even though there are errors in the General Ledger, it is not a given that the Trial Balance will not balance. The purpose of the Trial balance is to match the debits in the company to the credits. This means that if the errors in the General Ledger were still put on the correct side then the Trial Balance would still balance.
For instance, if utility expenses were debited to Purchases in error, both accounts fall on the debit side of the Trial Balance so the Trial Balance would still balance regardless of the error.
