Answer: 8%
Explanation:
This can be calculated using the Capital Asset Pricing Model. The formula of which is:
Expected return of stock = Risk free rate + Beta * (Expected return on market - Risk-free rate)
= 4% + 2 * (6% - 4%)
= 4% + 4%
= 8%
Identify every authority cited in the opinion (note that some sources may be cited more than once) and then do the following:
List all primary mandatory authority.
List all primary persuasive authority.
List all secondary persuasive authority.
Answer:
Primary Authorities :
Statues, regulations, jurisdiction, trial court, cases.
Primary Persuasive Authority :
Constitution, legislation.
Secondary Persuasive Authority :
Law review articles, trial courts.
Explanation:
Primary persuasive authority means law. Following a law is mandatory and statute provides the regulation which are required to be followed or else it will be regarded as crime. Secondary persuasive authority is not law but it leads to the law and helps explain the terms and standards of the law.
Xavier is hired to perform at a festival. He was hired for his unique signing ability. When the performance date arrived, Xavier delegated his singing responsibility to Jorge. The festival sued Xavier. Who will win
Answer:
The festival, since this involved an invalid assignment of rights
Explanation:
In the given situation, the festival would be the winner of the case as it hired the xavier for the ability related to the unique signing. Also, xavier is delegated to the singing responsibility for jorge i.e. not valid right assignment
Therefore the above should be the answer and the same is relevant
All the other options are wrong
Promotional expenses at the maturity stage of the product life cycle are often designed to Multiple Choice maintain market share. create a sense of nostalgia. attract more price-conscious consumers. thwart the growing number of competitors that have entered the market. convince those who have abandoned the brand to try it again.
Answer:
maintain market share.
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.
A product life cycle can be defined as the stages or phases that a particular product passes through, from the period it was introduced into the market to the period when it is eventually removed from the market.
Generally, there are four (4) stages in the product-life cycle;
1. Introduction.
2. Growth.
3. Maturity.
4. Decline.
Maturity is the stage in which product experiences a peak in sales growth and then eventually slows as the product reaches more customers, and lastly price competition is fierce.
Promotional expenses that are incurred at the maturity stage of the product life cycle are often designed by marketers to maintain market share. This is usually achieved through further product differentiation and finding new buyers (consumers).
Patagonia donates at least 1% of profits to support environmental causes. There products are also produced under safe, fair, legal, and humane working conditions throughout the supply chain. What is Patagonia practicing
Answer: corporate social responsibility practice
Explanation:
Corporate social responsibility occurs when organizations contribute to societal goals by supporting practices that are ethically oriented and have a positive effect on the economy.
Since Patagonia donates at least 1% of profits to support environmental causes and is contributing positively to the economy, then Patagonia is practicing corporate social responsibility practices.
In marketing, we use which terms? (needs, wants, or demands). Why?
Answer:
needs are things that satisfy the basic requirement. Wants are requests directed to specific types of items.
Economists use the term inflation to describe a situation in which a. some prices are rising faster than others. b. the economy's overall price level is rising. c. the economy's overall price level is high, but not necessarily rising. d. the economy's overall output of goods and services is rising faster than the economy's overall price level.
Answer:
b
Explanation:
Inflation is a persistent rise in the general price levels
Types of inflation
1. demand pull inflation – this occurs when demand exceeds supply. When demand exceeds supply, prices rise
2. cost push inflation – this occurs when the cost of production increases. This leads to a reduction in supply. Higher prices are the resultant effect
Shoe leather cost is when people try to spend money immediately so they would not be holding money for a long time. This is because money loses its value in an inflation.
Menu costs are the costs of changing price constantly as a result of inflation, When there is inflation, prices increases regularly. As a result prices needs to be updated regularly.
Over the last year, Calzone Corporation paid a quarterly dividend of $0.10 in each of the four quarters. The current stock price of Calzone Corporation is $39.78. What is the dividend yield for Calzone stock
Answer: 1.0%
Explanation:
Dividend yield = Annual dividend / Current stock price
Annual dividend = (0.10 * 4 quarters)
= $0.40
Dividend yield = 0.40 / 39.78
= 1.0%
Exercise 4-7 Recording sales, purchases, shipping, and returns—buyer and seller LO P1, P2 Sydney Retailing (buyer) and Troy Wholesalers (seller) enter into the following transactions. May 11 Sydney accepts delivery of $30,000 of merchandise it purchases for resale from Troy: invoice dated May 11, terms 3/10, n/90, FOB shipping point. The goods cost Troy $20,100. Sydney pays $400 cash to Express Shipping for delivery charges on the merchandise. 12 Sydney returns $1,300 of the $30,000 of goods to Troy, who receives them the same day and restores them to its inventory. The returned goods had cost Troy $871. 20 Sydney pays Troy for the amount owed. Troy receives the cash immediately. (Both Sydney and Troy use a perpetual inventory system and the gross method.) 1. Prepare journal entries that Sydney Retailing (buyer) records for these three transactions. 2. Prepare journal entries that Troy Wholesalers (seller) records for these three transactions.
Answer:
Sydney Retailing (buyer) and Troy Wholesalers (seller)
Journal Entries:
For the Buyer (Sydney):
May 11 Debit Inventory $30,000
Credit Accounts Payable $30,000
To record the purchase of goods on account with invoice dated May 11, terms 3/10, n/90, FOB shipping point.
Debit Freight-in $400
Credit Cash $400
To record the freight-in expense.
May 12 Debit Accounts Payable $1,300
Credit Inventory $1,300
To record the return of goods to Troy.
May 20 Debit Accounts Payable $28,700
Credit Cash $27,839
Credit Cash Discounts $861
To record the payment on account, including discounts.
For the seller (Troy Wholesalers):
May 11 Debit Accounts Receivable $30,000
Credit Sales Revenue $30,000
To record the sale of goods on credit with invoice dated May 11, terms 3/10, n/90, FOB shipping point.
Debit Cost of goods sold $20,100
Credit Inventory $20,100
To record the cost of goods sold.
May 12 Debit Sales Returns $1,300
Credit Accounts Receivable $1,300
To record the sales returns on account.
Debit Inventory $871
Credit Cost of goods sold $871
To record the cost of goods returned.
May 20 Debit Cash $27,839
Debit Cash Discounts $861
Credit Accounts Receivable $28,700
To record the receipt of cash on account, including discounts.
Explanation:
a) Data and Analysis:
For the Buyer (Sydney):
May 11 Inventory $30,000 Accounts Payable $30,000
with invoice dated May 11, terms 3/10, n/90, FOB shipping point.
Freight-in $400 Cash $400
May 12 Accounts Payable $1,300 Inventory $1,300
May 20 Accounts Payable $28,700 Cash $27,839 Cash Discounts $861
For the seller (Troy Wholesalers):
May 11 Accounts Receivable $30,000 Sales Revenue $30,000
with invoice dated May 11, terms 3/10, n/90, FOB shipping point.
Cost of goods sold $20,100 Inventory $20,100
May 12 Sales Returns $1,300 Accounts Receivable $1,300
Inventory $871 Cost of goods sold $871
May 20 Cash $27,839 Cash Discounts $861 Accounts Receivable $28,700
The price elasticity of demand for a good is likely to be elastic __________.
A. the budget share spent on the good.
B. the number of close substitutes for the good.
C. the available time during which consumers can adjust.
D. all of the above.
Answer:
The price elasticity of demand for a good is likely to be elastic :
A. the greater the proportion of budget share spent on the good.
B. the greater the number of close substitutes for the good.
C. the longer the available time during which consumers can adjust.
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases
Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.
Price is more elastic in the long run than in the short run because consumers have more time to search for suitable alternatives
The more close substitutes a good has, the more elastic its demand. This is because if price is increased, consumers can easily shift to the consumption of an alternative product
the greater the proportion of budget share spent on the good, the more elastic the demand for the good
Handy Home sells windows and doors in the ratio of 8:2 (windows:doors). The selling price of each window is $106 and of each door is $256. The variable cost of a window is $65.50 and of a door is $178.00. Fixed costs are $624,000.
Required:
a. Determine the selling price per composite unit.
b. Determine the variable costs per composite unit.
c. Determine the break-even point in composite units.
d. Determine the number of units of each product that will be sold at the break-even point.
Answer:
Results are below.
Explanation:
First, we need to calculate the sales proportion:
Windows= 8/10= 0.8
Doors= 2/10= 0.2
Now, the selling and unitary variable cost per composite unit:
Selling price= 106*0.8 + 256*0.2= $136
Unitary varaible price= 65.5*0.8 + 178*0.2= $88
The break-even point:
Break-even point (units)= Total fixed costs / Weighted average contribution margin
Break-even point (units)= 624,000 / (136 - 88)
Break-even point (units)= 13,000
Finally, the number of units for each product:
Windows= 13,000*0.8= 10,400
Doors= 13,000*0.2= 2,600
packaging materials for processed
Answer:
Types of packaging material used in food
Plastics. Plastics are organic polymeric materials that can be molded into the desired shape. ...
Metals (steel, tin, aluminum) The main use of these metals is the preservation of canned foods and beverages. ...
Glass. ...
Wood, cardboard and papers. ...
Advances in packaging techniques.
Health and Wealth Company is financed entirely by common stock that is priced to offer a 15 percent expected return. If the company repurchases 25 percent of the common stock and substitutes an equal value of debt yielding 6 percent, what is the expected return on the common stock after refinancing
Answer: 18%
Explanation:
The expected return on the common stock after refinancing will be calculated thus:
Let's assume that common stock is 1000. Therefore, return will be:
= 15% × 1000 = 150
Since 25% of the common stock is repurchased, this will be:
= 25% × 1000 = 250
Then, this 250 is financed by debt at 6%, and this will be:
= 6% × 250 = 15
Then, the new return will be:
= 150 - 15 = 135
Expected Return will now be:
= 135/(1000 - 250)
= 135/750
= 18%
A stock just paid an annual dividend of $1.10. The dividend is expected to increase by 10 percent per year for the next two years and then increase by 2 percent per year thereafter. The discount rate is 14 percent. What correctly computes the current stock price?
Answer: $10.79
Explanation:
This requires the use of the Dividend Discount Model.
The price of the stock is the present value of the dividends for the two years and then the Terminal value.
Terminal value = Third year dividend / (Required return - Growth rate)
= (1.10 * 1.10² * 1.02) / (14% - 2%)
= 1.35762 / 12%
= $11.31
Price of stock is:
= Present value of first year dividend + Present value of second year dividend + Present value of Terminal value
= ((1.10 * 1.1) / 1.14) + (( 1.10 * 1.1²) / 1.14²) + (11.31 / 1.14²)
= $10.79
World-Tour Co. has just now paid a dividend of $2.83 per share (Div0); its dividends are expected to grow at a constant rate of 6% per year forever. If the required rate of return on the stock is 16%, what is the current value of the stock after paying the dividend
The following data for a production department relate to two accounting periods:
Activity(machine-hours)....... 17,000 18,500
Department costs................... $246,500 $251,750
The best estimate of fixed department cost is closest to:________.
Answer:
Fixed costs= $187,000
Explanation:
Giving the following information:
Activity(machine-hours): 17,000 18,500
Department costs: $246,500 $251,750
To calculate the fixed and variable cost, we need to use the high-low method:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (251,750 - 246,500) / (18,500 - 17,000)
Variable cost per unit= $3.5
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 251,750 - (3.5*18,500)
Fixed costs= $187,000
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 246,500 - (3.5*17,000)
Fixed costs= $187,000
Please write out, step-by-step, how you obtained the correct answer for this math problem.
Jose and Zola want to purchase their first home. Jose makes $23.50 an hour and works 40 hours per week. Zola makes $21.50 an hour and works 40 hours of regular time and 5 hours of overtime a week. They have two car payments totaling $500 a month and one credit card with a minimum payment of $50 a month. What is their combined gross monthly income?
(HINT: Remember to assume that overtime is always time and a half unless otherwise specified!!)
Answer:
The correct answer is "$7,630".
Explanation:
Assuming there are four weeks in a month, then
Joe's income will be:
= [tex]23.50\times 40\times 4[/tex]
= [tex]3,760[/tex] ($)
Zola's income will be:
= [tex]21.50\times (40+5)\times 4[/tex]
= [tex]21.50\times 45\times 4[/tex]
= [tex]3,870[/tex] ($)
hence,
The combined gross monthly income will be:
= [tex]Jose's \ income+Zola's \ income[/tex]
= [tex]3,760+3,870[/tex]
= [tex]7,630[/tex] ($)
Answer:
$8,498.75
Explanation:
Jose = ($23.5x40x52)/12=$4073.33
Zola = ($21.5x40x52/12)+($21.5x1.5(overtime pay)x5x52)/12= $3726.67+$698.75=$4425.41
Combined = $4073.33+ $4425.42= $8498.75
Assume that a company pays a 5% sales commission Also, assume the job cost sheet for Job X shows that (1) it used 18 direct tabor-hours and incurred direct materials and direct labor charges of $500 and $360, and (2) its unit product cost is $27.35. If Job X contained 40 units, then what is the plantwide predetermined overhead rate per direct labor-hour?
a. $15.00
b. $60.78
c. $13.00
d. $47.78
Answer:
c. $13.00
Explanation:
The computation of the plantwide predetermined overhead rate is given below;
Given that
Direct labor hour used = 18
Direct material cost = $500
Direct labor cost = $360
Unit product cost = $27.35
So,
Total cost of Job = Number of unit × Unit product cos
= 40 × 27.35
= $1,094
Now
Total cost of Job = Direct material cost + Direct labor cost + Overhead applied
1,094 = 500 + 360 + Overhead applied
Overhead applied = $234
Now
Overhead applied = Direct labor hour used × Plantwide predetermined overhead rate
234 = 18 × Plantwide predetermined overhead rate
Plantwide predetermined overhead rate = $13 per direct labor hour
The plantwide predetermined overhead rate per direct labor-hour is $13 per DLH
Given Information
Direct labor hour used = 18
Direct material cost = $500
Direct labor cost = $360
Unit product cost = $27.35
Total cost of Job = Number of unit × Unit product cost
Total cost of Job = 40 × 27.35
Total cost of Job = $1,094
Total cost of Job = Direct material cost + Direct labor cost + Overhead applied
1,094 = 500 + 360 + Overhead applied
Overhead applied = $234
Overhead applied = Direct labor hour used × Plantwide predetermined overhead rate
234 = 18 × Plantwide predetermined overhead rate
Plantwide predetermined overhead rate = $13 per direct labor hour
Hence, the plantwide predetermined overhead rate per direct labor-hour is $13 per DLH.
Therefore, the Option C is correct.
Read more about overhead rate
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Productivity is difficult to measure because precise units of measure are available, quality is consistent, and exogenous variables don't change. True False
Answer:
False
Explanation:
All of the statements being made are False. Productivity is measured by stats. For example, in any given month a certain number of products are produced by a fixed number of employees, the next month the same value is calculated and compared with the previous month. This lets you know if productivity is increasing or decreasing. The quality of anything depends on the time and effort being implemented in making something, if this changes then so does the quality. Exogenous variables are simply variables that are not affected by other variables in a given environment, this does not mean that they cannot change. Even though they are independent they can still change. For example, the weather is an exogenous variable but it can still change from Raining to Sunny.
Capital allocation line is _______________ Question 18 options: plot of risk-return combinations available by varying portfolio allocation between a risk-free rate and a risky portfolio None of the options are correct plot of risk-return combinations available by varying portfolio allocation between two risky assets plot of risk-return combinations available by equal weighting allocation between a risk-free rate and a risky portfolio
Answer:
plot of risk-return combinations available by varying portfolio allocation between a risk-free rate and a risky portfolio
Explanation:
The capital allocation line (CAL) is called as the capital market line tha developed on the graph for all the expected combinations related to the risk-free and risk assets. In this, the graph presented the return investor that expected earn by assuming the particular level of risk along with the investment
Therefore the first option is correct
Daschle LLC completed some research and development during June of the current year. The related costs were $69,600. If Daschle wants to capitalize and amortize the costs as quickly as possible, what is the total amortization amount Daschle may deduct during the current year
Answer:
The answer is "8073.6".
Explanation:
Given:
Cost[tex]=69,600\\\\[/tex]
Total years[tex]= 5 \ or\ 60\ months\\\\[/tex]
total months during the year[tex]=7\\\\[/tex]
Calculating the Amortization expense:
[tex]= 69,600 \times \frac{7}{60}\\\\= 6,960 \times \frac{7}{6}\\\\= 6,960 \times 1.16\\\\=8073.6[/tex]
To decrease the money supply, the Federal Reserve could a. decrease the required reserve ratio. b. conduct an open market purchase of U.S. Treasury securities. c. increase the discount rate. d. forbid the reselling of U.S. Treasury securities.
Answer: c. increase the discount rate.
Explanation:
The discount rate of a country is the rate at which the central bank in that country loans money out to the financial institutions.
When this rate is low, more financial institutions will borrow money as opposed to when it is high. Banks borrowing money increases the money supply in the economy so if the Federal Reserve wants to reduce money supply, it should increase the discount rate which would dissuade banks from borrowing from the Fed thereby limiting money supply.
The Lime Corporation has obtained the following sales forecast data:
July August September October
Cash sales $ 80,000 $ 70,000 $ 50,000 $ 60,000
Credit sales $ 240,000 $ 220,000 $ 180,000 $ 200,000
The regular pattern of collection of credit sales is 20% in the month of sale, 70% in the month following the month of sale, and the remainder in the second month following the month of sale. There are no bad debts. The budgeted cash receipts for October would be:_________
a. $188.000
b. $248,000
c. $226,000
d. $278,000
e. none of above
Answer:
b. $248,000
Explanation:
The computation of the cash receipts for October would be
Particulars October
Cash sales $60000
August credit Sales $22000 (10% of $220,000)
September Credit Sales $126000 (70% of $180,000)
October credit Sales $40000 (20% of $200,000)
Budgeted cash receipt $248000
Hence, the correct option is b.
When companies use automated production processes, they tend to condense the three manufacturing costs into two categories. These categories are: direct and indirect materials. direct costs and indirect materials. indirect materials and conversion costs. direct materials and conversion costs.
Answer:
direct materials and conversion costs.
Explanation:
When companies use automated production processes, they tend to condense the three manufacturing costs into two categories which are direct materials and conversion costs.
This is because Automation does conversion on the Direct Materials which are visible and can be traced to product being manufactured.
When equipment is sold for cash, the amount received is reflected as a cash :_________ a) inflow in the operating section. b) inflow in the financing section. c) inflow in the investing section. d) outflow in the operating section.
Answer: c. inflow in the investing section
Explanation:
The cash flow statement is prepared in order to determine the ending cash balance which is done by considering the cash that's generated from various activities of the business.
Equipment is regarded as a long term asset, and therefore when it's sold for cash, it's being regarded as an indicator for investing activities section.
There is no toll charge to drive on freeway A. If there is freeway congestion at 9 a.m., there will be greater freeway congestion at 11 a.m. if _______.
1. more people carpool at 11 a.m. than at 9 a.m.
2. none of these options.
3. the demand to drive on the freeway is the same at both times.
4. the demand to drive on the freeway at 9 a.m. is greater than the demand to drive on the freeway at 11 a.m.
5. the demand to drive on the freeway at 11 a.m. is greater than the demand to drive on the freeway at 9 a.m.
Answer:
5
Explanation:
If there is greater freeway congestion at 11 a.m than at 9am, it means that more people are using the road at 11am compared to 9am. This means that the demand to drive on the freeway at 11 a.m. is greater than the demand to drive on the freeway at 9 a.m.
If more people carpool at 11 a.m. than at 9 a.m, there would be less cars on the road at 11am. this would make the freeway less congested at 11am when compared to 9am
During the year, John (a self-employed management consultant) went from Columbus,OH to Seattle, WA on business. Preceding a five-day business meeting, he spent four days vacationing at the beach. Excluding the vacation costs, his expenses for the trip are:
Airfare $3,200
Lodging 1,100
Meals 1,000
Entertainment 600
Presuming no re-imbursement, deductible expenses are:_____.
a. $3,200.
b. $3,900.
c. $4,500.
d. $5,500.
e. none of these.
Answer:
the deductible expense is $4,800
Explanation:
The computation of the deductible expense is given below:
= Airfare + lodging + 50% of meals
= $3,200 + $1,100 + 50% of $1,000
= $3,200 + $1,100 + $500
= $4,800
Hence, the deductible expense is $4,800
This is an answer but the same is not provided in the given options
so the same is relevant and considered too
Xinhong Company is considering replacing one of its manufacturing machines. The machine has a book value of $45,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. It has a current market value of $55,000. Variable manufacturing costs are $33,400 per year for this machine. Information on two alternative replacement machines follows.
Alternative A Alternative B
Cost $ 119,000 $ 112,000
Variable manufacturing costs per year 23,000 10,200
Calculate the total change in net income if Alternative A, B is adopted. Should Xinhong keep or replace its manufacturing machine? If the machine should be replaced, which alternative new machine should Xinhong purchase?
Answer and Explanation:
The computation is shown below;
For Alternative A
Cost to buy new machine -$119,000.00
Cash received $55,000.00
Reduction in variable manufacturing cost ($33400 - $23000) ×5 $52,000.00
Total change in net income -$12,000.00
For Alternative B
Cost to buy new machine -$112,000.00
Cash received $55,000.00
Reduction in variable manufacturing cost ($33400 - $10200) × 5 $116,000.00
Total change in net income $59,000.00
So here Xinhong should purchase a machine that belong from Alternative B.
Suppose you borrow at the risk-free rate an amount equal to your initial wealth and invest in a portfolio with an expected return of 16% and a standard deviation of returns of 20%. The risk-free asset has an interest rate of 4%. Calculate the expected return on the resulting portfolio.
Answer: 28%
Explanation:
First, we have to make an assumption that the initial wealth is 100, then the weight of the risk free asset will be:
= Amount invested in risk free / Initial wealth
= -100/100
= -1
The weight of the portfolio will be calculated as:
= 1 - weight of risk free asset
= 1-(-1)
= 1 + 1
= 2
Therefore, the expected return on the resulting portfolio will be:
= 2 × 16 + [(-1) × 4]
= 32 - 4
= 28
At February 1, 2022, the balance in Wildhorse Co. supplies account was $3780. During February Wildhorse purchased supplies of $3240 and used supplies of $4320. At the end of February, the balance in the Supplies account should be
Answer: $2,700
Explanation:
The balance in Supplies account at the end of February can be calculated using the formula:
= Beginning balance + Supplies purchased in the month - Supplies used in the month
= 3,780 + 3,240 - 4,320
= $2,700
A cleaning product company is having trouble with the pH control of one of their products. The product should be slightly basic but the pH is too high. What could the company try to correct the pH of the product
Answer:
sodium hydroxide to raise and acidic solutions to drop ph
Explanation:
how to lower and make highee
