According to an old myth, Native Americans sold the island of Manhattan about 400 years ago for $24. If they had invested this amount at an interest rate of 7 percent per year, how much, approximately, would they have today

Answer:

utilitarian approach.

Explanation:

Cherries on Top is a national ice cream shop and is struggling financially to keep up with the bigger chains. The top executives have decided to close all the stores in the Northeast and Texas, as that will give them an additional one million dollars to put into marketing. This executive is practicing the utilitarian approach.

Utilitarianism can be defined as an ethical moral theory that offers anyone a relatively direct method for enhancing choices and making decisions about the right course of action for any particular situation.

Basically, the utilitarian approach analyzes and measure an action in terms of its outcome or consequences; by determining the net benefits and costs to all stakeholders of an organization individually.

The main purpose or focus of the utilitarian approach is to achieve the best possible outcome or results for the overall success of the business while creating the least amount of harm, loss, damage or suffering.

Hence, the executive of Cherries on Top is practicing the utilitarian approach.

Answer:

b. Liability, $9,000,000; expense, $0.

Explanation:

An asset retirement obligation (ARO) refers to an obligation with respect to the acquisition , construction, development, etc. The liability should be recognized the liability at the present value that should be expected to be paid for settling the obligations

Here the $9,000,000 million represents the liability

Also the journal entry is

Asset Dr

        To liability

(Being the asset placed is recorded)

There is no expense should be recorded in the income statement

Answer:

The company's cost of capital will be "13%".

Explanation:

The given values are:

Risk free rate

= 5

Beta

= 1.25

Market risk premium

= 8

Now,

⇒  [tex]cost \ of \ common \ stock=Risk \ free \ rate+Beta\times Market \ risk \ premium[/tex]

On substituting the estimated values, we get

⇒                                    [tex]=5+(1.25\times 8)[/tex]

⇒                                    [tex]=15 \ percent[/tex]

The total value will be:

=  [tex]20 +5[/tex]

=  $[tex]25 \ million[/tex]

As we know,

⇒  [tex]WACC=Respective \ costs\times Respective \ weights[/tex]

⇒              [tex]=(\frac{20}{25}\times15)+(\frac{5}{25}\times 5)[/tex]

⇒              [tex]=12+1[/tex]

⇒              [tex]=13 \ percent[/tex]

Note: % = percent

Answer:

sales promotions

Explanation:

Sales promotions are the steps taken to increase the purchase of the products by adding an incentive to the customers. Buy-one-get-one-free is one of the sales promotions. Here two products are sold in the cost of one. The customer is provided with the benefit of getting two products by giving the amount of one. It is the promotions in which quantity plays a crucial role.

Answer:

sales-oriented

Explanation:

I just got it right.

Answer:

Break-even point= 1,200 DVDs

Explanation:

First, we need to calculate the sales proportion:

DVD= 4/5= 0.8

Home entertainment= 1/5= 0.2

Now, we need to calculate the break-even point for the whole company:

Break-even point (units)= Total fixed costs / Weighted average contribution margin

Weighted average contribution margin= (weighted average selling price - weighted average unitary variable cost)

Weighted average contribution margin= (200*0.8 + 600*0.2) - (160*0.8 + 460*0.2)

Weighted average contribution margin= 60

Break-even point (units)= 90,000/60= 1,500

Finally, the number of DVDs:

DVD= 1,500*0.8= 1,200 DVDs

DVD players need to be sold for the company to break even point :

Formula :

Therefore, the number of DVDs:

                                            Working Notes  :

DVD= 4/5= 0.8

Home entertainment= 1/5= 0.2

DVD players need to be sold for the company to break even is 1200DVDs.

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Answer:

(1) the showroom building, a separate building used to service customer cars, and various parking lots

(4) a car that is used to provide rides to customers who prefer to wait at home while their cars are serviced.

Explanation:

Plant Assets are defined as assets in the business that are expected to provide the benefit of helping a company accrue revenue and have will have a useful life of more than a year.

The showroom building, a separate building used to service customer cars, and various parking lots are all places where the company performs business with the showroom showcasing cars for sale and the separate building being used for servicing cars which is another revenue stream.

The car that is used to provide rides to customers who prefer to wait at home while their cars are serviced is also a plant asset as it provides a value added service to customers who will be more likely to have repeat business with the company as a result thereby generating more revenue.

Answer:

Product

Explanation:

Since in the question it is mentioned that Cooke family worked in the various division like Bennett Cooke works at the Cadillac division and like this other its family working in different divisions

So here it is focused on a single product that could be sold by different divisions

Therefore it is departmentalized by product

Answer:

Accumulated depreciation $28,420 (debit)

Cash $25,375 (debit)

Profit and Loss $3,045 (credit)

Cost $50,750 (credit)

Explanation:

For any sale of an Item of Property, Plant and Equipment, the sale must be  accounted as follows :

Answer:

a. realized location economies.

Explanation:

The realized location economics refers to the economics in which the companies go throughout the globe to determine and operate that comes under an efficient goods setting. The production of the goods comes under the efficient goods setting creates an added advantage in the production cost  also it gains the competitive advantage

Therefore according to the given situation, the company has location economies realized

Answer:

D. The money supply decreases by ​$150,000.

Explanation:

Note: This question is not complete as some figures are omitted. The full question is therefore presented first before answering the question as follows:

The reserve requirement is​ 10%.

Suppose that the Fed sells ​$150,000 worth of U.S. government securities from a bond​ dealer, electronically debiting the​ dealer's deposit account at Reliable Bank.

Which of the following correctly describes the immediate effect of this transaction on the money​ supply?

A. The money supply decreases by ​$1,500,000

B. The money supply decreases by ​$135,000.

C. There is no change in the money supply.

D. The money supply decreases by ​$150,000.

E. None of the above.

The explanation to the answer is now provided as follows:

This is an example of Open market operations (OMO).

Open market operations (OMO) is a monetary policy strategy in which the central bank such as the Federal Reserve sells or purchases government securities in order to implement a particular monetary policy.

When the central bank sells government securities on the open market, it aims to reduce the money supply by the worth of the securities. This is called a contractionary monetary policy.

On the other hand, when the central bank purchases government securities on the open market, it aims to increase the money supply by the worh of the government securities. This is called an expansionary monetary policy.

From the question, the sale of ​$150,000 worth of U.S. government securities from a bond​ dealer is a contractionary monetary policy and it will reduce the money supply by exactly $150,000.

Therefore, the correct option is D. The money supply decreases by ​$150,000.

Answer:

A. direct labor and manufacturing overhead costs.

Explanation:

In Financial accounting, conversion costs comprises of all the costs associated with the conversion of raw materials into finished goods or products. These costs are usually calculated by the addition of direct labor and manufacturing overhead.

Hence, conversion costs include​ direct labor and manufacturing overhead costs.

Answer:

Factoring

Explanation:

Factoring is a form of debtor finance that involves an entity selling it's accounts receivables to a third party at a discount.

The third party is called a factor.

This practice is usually carried out to meet urgent cash needs of the business.

In this instance Kliting Co. has a lot of outstanding accounts receivables and there is need for cash to pay its suppliers and employees at the end of the month.

Instead of borrowing Kliting Co. sells their accounts receivables to get the needed cash.

This is factoring finance

Answer:

employee involvement team

Explanation:

Employee involvement refers to the direct participation of staff by application of their ideas, expertise, and efforts, towards solving problems and in decision making to help their organizations fulfil its mission or meet its objectives. Although the team members are allowed to give suggestions, they are not authorized to make decisions in the managerial capacity.

Some advantages of using employee involvement are:

improved decision making by the organizations

improved attitudes  regarding work

increased employee productivity

increased job satisfaction, because the employees feel like they are being heard.

Answer:

The enterprise value of Correct Inc is $4,650 M

Explanation:

In this question, we are interested in calculating the enterprise value of Correct Inc

To do this, we use the mathematical formula below;

Enterprise Value = market value capital and debts - cash and investments

Enterprise Value = 100m shares * $37.50 per share + $1000m debts - $100m

= $3750 m + $1000 m - $100 m

= $4650 m

Answer:

B. seek media release approval from the Communication Unit Leader.

Explanation:

A PIO (public information officer) is responsible for managing communications with the media, public and other agencies regarding information on incidents. Before media releases the PIO is to first obtain approval from the incident commander as well as limits on the information to the released. PIO are also responsible for interviews and briefings regarding briefings, manage media and public inquiries, monitor information being reported so as to ensure accuracy

Answer:

A review of an assertion about the subject matter that is the responsibility of another party

Explanation:

An attest engagement is defined as the independent review of a subject matter by a professional other than the auditor by conducting a specific procedure and he is expected to issue a report of his findings on the reliability of the subject matter.

The three stages of attestation services are compilation ,review and audit.

Attestation engagement is governed by the Statements on standard for  attestation engagement (SSAE)

Answer:

a. dvision of labor

Explanation:

i hope this helps you!

Answer:

both the agent in question as well as the former broker/dealer are required to notify the Administrator promptly.

Explanation:

In the specific scenario that is being described both the agent in question as well as the former broker/dealer are required to notify the Administrator promptly. This is mainly due to the fact that the license that an agent possesses expires as soon as they cease to be employed by the broker/dealer and/or issuer for whom they were previously licensed. Therefore this information needs to be presented immediately to the securities administrator and her license needs to be revoked.

Answer: Individual account in the name of Person A with a Third Party Trading Authorization granted to Person B

Explanation:

An account that has two or more signatory is known as a joint account. When this account is opened, both parties or all signatory to the account will have to either be physically present or would provide details about about themselves to be used for opening of the account. The account is then opened and all signatory to the account can access and be informed about every detail about the account as there is no preference of one person over the other.

Answer:

The correct answer is:

None of the above (d)

Explanation:

Depreciation is the reduction in the fair value of an asset over time.

cost of van = $16,000

residual value = $2,000

useful life = 5 years

depreciation using straight-line allocation is allocating the depreciation cost equally over the useful life of the asset.

[tex]Annual\ depreciation\ expenses\ = \frac{(cost\ of\ asset\ -\ salvage\ value}{useful\ life\ of\ asset} \\\\\\Annual\ depreciation\ expenses\ = \frac{16,000 - 2,000}{5} \\= \frac{14,000}{5} \\Annual\ depreciation\ expenses\ = \$2,800[/tex]

Answer:

none of the above​

Explanation:

depreciation expense per year using straight line method = (purchase cost - residual value) / useful life = ($16,000 - $2,000) / 5 years = $14,000 / 5 = $2,800 per year

The straight line method for calculating depreciation expense is the simplest method that we can use, since the depreciation expense is the same for every year. Unlike double balance, sum of digits or any other kind of deprecation expense method which varies from year to year.

Answer:

Peter's Pans is trying to overcome competitive disadvantage

Explanation:

Competitive advantage is the ability of a company to produce goods in such a way that it captures market share from other companies.

Competitive advantage can be with regard to quality, price, services, and so on.

In this scenario the Peter Pan wants to obtain a similar sized cookware company. This will make his company to be larger in size.

He intends to use the larger size of the company as a way to overcome competitive advantage of Iron Maiden, the industry leader.

Answer:

keep producing in the short run but exit the industry or go out of business in the long run

Explanation:

A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

A firm should shut down in the short run if price is less than average variable cost. But since the diner's price is greater than average variable cost, it should continue production.

A firm should exit the industry in the long run if price is less than average total cost. the diner's price is less than average total cost, so it should shut down in the long run

Answer:

Fixed assets and equipment

Explanation:

Depreciation is the accountant's estimate of the cost of fixed assets and equipment used in the production process matched with the benefits produced from owning it.

It is the decrease in the value of assets and the method used to reallocate the cost of asset over its useful life span.

Assets can be categorized as :

1. Current

2. Fixed

3. Tangible

4. Intangible assets.

In accounting, there are several standard methods of computing depreciation expense:

1. Fixed percentage

2. Straight line

3. Declining balance methods.

Answer:

The correct answer is the option D: No, because statements of pure opinion do not amount to defamation.

Explanation:

To begin with, the fact that Adam have published his personal opinion about a certain topic does not directly indicates that his opinion, in the case of being a hard critic of something, is to be considered a defamation due to the fact that those kind of statements are protected by law in the United States according to the First Amendment to the United States so therefore that his pure opinion is under the freedom of speech regime. That is why that politicians would not be able to sue him for defamation under tort.

Answer: Capacity aggregation

Explanation:

Capacity aggregation is the planning and management of the entire capacity of the resources of an organization.

Capacity aggregation is when a third party can increase the supply chain surplus by aggregating demand across multiple firms and gaining production economies of scale that no single firm can on its own.

Answer:

a) How many tires should Rocky Mountain order each time it places an order?

b) What is the total cost of this policy?

Explanation:

we must find the EOQ for the three possible prices:

when price per tire is $17:

EOQ = √(2SD) / H

S = cost per order = $40

D = annual demand = 20,000

H = 20% x $17 = $3.40

EOQ = √[(2 x $40 x 20,000) / $3.40] = 685.99 = 686 tires

when price per tire is $18:

EOQ = √(2SD) / H

S = cost per order = $40

D = annual demand = 20,000

H = 20% x $18 = $3.60

EOQ = √[(2 x $40 x 20,000) / $3.60] = 666.67 = 667 tires

when price per tire is $20:

EOQ = √(2SD) / H

S = cost per order = $40

D = annual demand = 20,000

H = 20% x $20 = $4

EOQ = √[(2 x $40 x 20,000) / $4] = 632.46 = 632 tires

since all options are over 500 units but lower than 1,000, we must take the option where each tire costs $18

total cost:

20,000 x $18 = $360,000

(20,000 / 667) x $40 = $1,199.40

holding costs = average inventory = 667 / 2 = 333.5 x $3.60 = $1,200.60

total costs (including merchandise purchased) = $362,400

Answer:

"Carry Trade", is the right answer.

Explanation:

Laura is engaged in "Carry Trade" because the carry trade refers to the process to borrow from the country where the interest rate is lower and deposit the borrowed money in other countries in which the person earns more interest. Therefore, the process for borrowings and deposits from low and high-interest rates respectively is called the carry trade.

Answer:

It is proper for the attorney to furnish the information to the IRS in-order to do a suitable audit on Baker on the tax which he or she is eligible to pay for. Withholding such information would amount to preventing them from doing a detailed job which on the long run would amount to filing false tax claim by Baker.

Explanation:

Answer:

That a memorandum of understanding was created by the receipt sent by Mr. Blue and an

enforceable agreement exists

Explanation:

A memorandum of understanding is an agreement between two or more parties stating a lone of action that is binding on the participants.

This is used in place of a legally enforceable agreement. Like a formal gentlemen's agreement.

In this instance they agree orally to transfer 500 widgets for $1,000. Mr. Blue sends Mr. Green a receipt one week after the agreement.

The act of sending a reciept establishes the fact that there is an agreement. Therefore it is enforceable in a court of law.

Answer:

law of comparative advantage.

Explanation:

Nations will be able to produce a larger joint output and realize mutual gains when each specializes in the production of those items for which it is a low-opportunity cost producer and trades for those things that it could produce only at a high cost. This statement best describes the law of comparative advantage.

Comparative advantage can be defined as ability of a country or business entity to produce goods and services at a lower opportunity cost than others such as their trade partners. Hence, the most important benefit of the comparative advantage is that, it gives a country or business entity the ability to sell their finished goods and services at a lower price in comparison with its close competitors and consequently, resulting in a stronger sales margins.