Answer:
b. Admin
Explanation:
The functions of any business organization are usually split into different departments or work areas. The departments or work areas are the same as functional areas. Each of the functional areas performs specific tasks that help the organization achieve its objectives.
The main functional areas present in all businesses are:
1. Marketing
2. Human resources
3. Operations
4. Finance
You own a shoe store with a merchandise book value of $178,000. You conduct a physical inventory and find the value to be $169,000. Your total sales between inventories totaled $476,000. Calculate the shrinkage as a percentage of sales.
Answer:
1.89%
Explanation:
The book value of the merchandise is $178,000
Physical inventory reveals stock is worth $169,000
The shrinkage = $178,000 - $169,000
=$9000
As a percentage of sales, the shrinkage will be
=$9000/$476,000 x 100
=0.0189076 x 100
=1.89%
Answer:
1.9%
Explanation:
Redemption of Bonds Payable An $800,000 bond issue on which there is an unamortized premium of $57,000 is redeemed for $785,000. Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank.
Answer:
Dr Bonds payable 800,000
Dr premium on bonds payable 57,000
Cr Cash 785,000
Cr Gain on redemption of bonds 72,000
Explanation:
the bonds' carrying value = face value + unamortized premium = $800,000 + $57,000 = $857,000
the gain or loss resulting form the redemption of the bonds = carrying value - redemption cost = $857,000 - $785,000 = $72,000
The power the Federal Reserve has to control credit terms on some loans made by banks and other lending institutions is called ______ controls.
Answer:
selective credit
Explanation:
Selective credit control are targeted to specific sectors
Last year's sales revenues at Coffee Connection were $27,000, and the cost
of sales was $24,840. What was Coffee Connection's gross profit margin last
year, expressed as a percentage?
A. 9%
B. 27%
C. 92%
D. 8%
Answer: it’s 8%
Explanation:
just took the test
Dragon makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for June, July, and August were $120,000, $160,000, and $220,000, respectively, what were the firm's budgeted collections for August and the company's budgeted receivables balance on August 31?
Answer: $174000
Explanation:
The firm's budgeted collections for August and the company's budgeted receivables balance on August 31 would be calculated as:
= (30% × $220,000) + (60% × $160,000) + (10% × $120,000)
= (0.3 × $220,000) + (0.6 × $160,000) + (0.1 × $120,000)
= $66000 + $96000 + $12000
= $174000
Johnson Controls Inc has an operating cycle of 159 days. The firm's days' sales in inventory is 83 days. How much does the firm have in receivables if it has credit sales of $600,000?
Answer:
$124,931.5
Explanation:
Johnson controls has an operating cycle of 159 days
The firm day sales in inventory is 83 days
The first step is to calculate the DSO
= 159 days-83 days
= 76 days
Therefore the amount in receivables can be calculated as follows
= 600,000/365 × 76
= 1,643.83 × 76
= $124,931.5
The first step in the performance planning and appraisal process involves? A. Assembling information for the appraisal B. Observing employee job behavior C. Designing the performance plan D. Setting standards and expectations
Answer:
Explanation:
d
The first step in the performance planning and appraisal process is setting standards and expectations. The correct option is D. Setting goals is the first stage in the performance management process.
Why is performance planning important in management?The idea underlying performance planning is mutuality for survival and growth, which aids in coordinating personal ambitions with organizational objectives. This increases the accountability and objectivity of the performance management process.
Performance planning is a methodical and organized way to achieve an individual's or team's specified goals throughout the course of the assessment year. The team's or an individual's strategy is drafted with the organization's overall goals in mind.
Thus, the ideal selection is option D.
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The priority rule which processes jobs according to the smallest ratio of due date to processing time is:________
Answer: critical ratio
Explanation:
The priority rule which processes jobs according to the smallest ratio of due date to processing time is refered to as the critical ratio.
The critical ratio (CR) is typically used in sequencing work especially during projects or in organizations. For this sequencing, the job that has the lowest critical ratio will be the one that will have to be scheduled first for processing.
Suppose we have a bond issue currently outstanding that has 20 years left to maturity. The coupon rate is 8%, and coupons are paid semiannually. The bond is currently selling for $828 per $1,000 bond. What is the cost of debt?
a. 8%
b. 9%
c. 10%
d. 11%
e. 1296
Answer:
The answer is C.
Explanation:
The coupon payment is annual, meaning it is being paid once a year.
N(Number of years/Number of periods) = 40(20 x 2)
I/Y(Yield-To-Maturity) = ?
PMT(coupon payment) = $40[(80÷2/100) x $1,000]
FV(Future value/Par value) =$1,000
PV(present value or market value) = -828
Now to solve this, lets use a financial calculator (e.g Texas BA II plus)
N= 40; I/Y = ?; PMT = $40; FV = $1,000; CPT PV = -828
The cost of debt is 5%
Note that this is for semiannual. The annual cost of debt is therefore, 10%(5% x 2)
A firm has a capital structure with $14 in equity and $72 of debt. The cost of equity capital is 14.16% and the pretax cost of debt is 5.34%. If the marginal tax rate of the firm is 28.94% Compute the weighted average cost of capital of the firm.
Answer: 5.48%
Explanation:
Total capital = 14 + 72 = $86
Weight of equity = 14/86
Weight of debt = 72/86
WACC = (Weight of debt * Cost of debt * ( 1 - tax)) + (Weight of equity * cost of equity)
= (72/86 * 5.34% * (1 - 28.94%)) + (14/86 * 14.16%)
= 0.0317687776744186 + 0.02305116279
= 5.48%
Bramble Frosted Flakes Company offers its customers a pottery cereal bowl if they send in 4 boxtops from Bramble Frosted Flakes boxes and $2. The company estimates that 60% of the boxtops will be redeemed. In 2021, the company sold 809000 boxes of Frosted Flakes and customers redeemed 352000 boxtops receiving 88000 bowls. If the bowls cost Bramble Company $4 each, how much liability for outstanding premiums should be recorded at the end of 2021
Answer: $66700
Explanation:
Number of boxtops that was sold = 809000
Estimated boxtops to be redeemed = 809,000 × 60% = 485400
Less: Boxtops received = 352000
Estimated boxtops not received yet = 133400
The number of boxtops that will be needed per bowl will then be:
= 133400 / 4
= 33350
Therefore, liability for outstanding premiums that should be recorded at the end of 2021 would be:
= 33350 × ($4 - $2)
= 33350 × $2
= $66700
Assess the formation of Global One, Unisource, and other partnerships in this case. What strategic factors might have influenced the entry mode choices that these firms made?
Answer: Global One was a union between Sprint, Deutsch telecom and France telecom it's purpose was to provide telecommunication services to multinationals.
Explanation:
Global One, Unisource and other partnership are created for a multitude of reasons. Global One was a union between Sprint, Deutsch telecom and France telecom it's purpose was to provide telecommunication services to multinationals. Sprint used the strategy as an way of entering foreign countries which was based on political and legal environment they faced there. These issues impacted AT&T's decision to partner with Unisource as regards joint venture. While AT&T would’ve preferred to partner with French or German telephone companies, European overseers would not approve this deal,fearing their size and strong brand name gaining influence over them and their chances of growing
The charter of a corporation provides for the issuance of 115,873 shares of common stock. Assume that 37,721 shares were originally issued and 3,277 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared?
Answer:
$68,888
Explanation:
The Dividend are paid base on outstanding shares
Dividend paid = (37,721 - 3,277 shares) * $2
Dividend paid = 34,444 shares * $2
Dividend paid = $68,888
So, the amount of cash dividends to be paid is $68,888
A firm sells 420 units of a good when it charges a price of $24. When it charges a price of $28 it sells 480 units. What is the price elasticity of demand (in absolute value)?
Answer:
0.87
Explanation:
Price elasticity is defined as a measure of how responsive the quantity of a product demanded is to changes in its price.
It is important in determining how price changes affects the demand of a product.
The supplier uses this to gauge how an increase in price will affect demand and by extension their profits.
It is calculated by finding ratio of percentage change in quantity to percentage change in price.
Price elasticity = (% change in quantity demanded) ÷ (%change in price)
Change in quantity demanded = (480-420) ÷420 = 0.143
Change in price = (28-24) ÷ 24 = 0.167
Price elasticity = 0.143 ÷ 0.167 = 0.87
All the following statements about residual value guarantees are correct about residual value guarantees, except that they:
a. protects lessors against technological changes.
b. protects lessors against marketplace changes.
c. protect lessees against lessors who abuse leased assets.
d. protect lessors against lessees who abuse leased assets
Answer:
c. protect lessees against lessors who abuse leased assets.
Explanation:
The residual value guarantee may be defined as a guarantee that is made to the lessor where the value of an underlying asset will become at least some specified amount at the end of the lease. The guarantee is given by the party unrelated to a lessor.
The residual value guarantee provides to protect the lessor against the lessees who tries to abuse the leased assets. It does not protect the lessees against the lessors.
_____ is the rate that causes the present value of all cash flows from a property (including its resale value) to be equal to the original purchase price of the property.
a) IRR
b) NPV
c) TWR
d) TVM
Answer:
a) IRR
Explanation:
The internal rate of return is the rate of return at which the net present value is zero
The net present value means the difference between the present value of all cash inflows after discounted and the initial investment
Therefore when the above two things are equivalent to each other so this we called as internal rate of return (IRR)
hence, the correct option is a.
On January 1, 2021, Nana Company paid $100,000 for 7,500 shares of Papa Company common stock. The ownership in Papa Company is 10%. Nana Company does not have significant influence over Papa Company. Papa reported net income of $52,000 for the year ended December 31, 2021. The fair value of the Papa stock on that date was $53 per share. What amount will be reported in the balance sheet of Nana Company for the investment in Papa at December 31, 20
Answer: $397500
Explanation:
The amount will be reported in the balance sheet of Nana Company for the investment in Papa at December 31, 2021 would be gotten by multiplying the number of shares that.weee being held by Nana Company by the fair value for each share. This will be:
= 7500 × $53
= $397500
Housing subsidies for low-income households:__________.
A. are a part of the U.S. social insurance programs.
B. conflict with the leaky-bucket analogy.
C. represent a cash transfer.
D. represent a non-cash transfer.
Answer:
D. represent a non-cash transfer.
Explanation:
Subsidized Housing is simply a form of housing where financial incentive is somehow given or provided in the form of a direct payment or tax relief to the housing developer, individual renter e.t.c.
Subsidy is said to be an incentive financial) give in the form of a direct payment or tax relief to the housing developer, property owner, or individual renter.
Low-Income Households are usually a households whose incomes do not surpass 80% of the median income for the area as stated by the department of housing and urban development.
Joe plans to fund his individual retirement account (IRA) with the maximum contribution of $2,500 at the end of each year for the next 30 years. If Joe can earn 10 percent on his contributions, how much will he have at the end of the thirtieth year?
a. $411,235
b. $611,235.
c. $23,567.
d. $43,567.
Answer:
FV= $411,235.06
Explanation:
Giving the following information:
Annual deposit= $2,500
Number of periods= 30 years
Interest rate= 10%
To calculate the future value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {2,500*[(1.1^30) - 1]} / 0.1
FV= $411,235.06
Peter crossed the street at a crosswalk without looking for oncoming traffic. He was struck first by a car driven by Abel and then by a car driven by Baker. Peter sued Abel and Baker for negligence. The jury determined that Peter was 60% at fault, Abel 30% and Baker 10%. The jury also determined that Peter suffered damages of $100,000. Abel is insolvent. In a contributory negligence jurisdiction, how much can Peter collect from Baker
Answer: Nothing
Explanation:
A contributory negligence state, simply states that in a situation whereby a plaintiff is negligent and thereby contributes to a particular accident, he or she will in this case be barred from recovering.
Since Peter crossed the street at a crosswalk without looking for oncoming traffic, Peter would collect nothing from Baker.
The common stock of Mercury Motors is selling for $28.97 a share while one-year U.S. Treasury securities are currently yielding 2.8 percent. What is the current value per share of a one-year call option on Mercury Motors stock if the exercise price is $22.50 and you assume the option will finish in the money
Answer:
$7.08
Explanation:
In short, Value of Call option = Stock Price - Strike Price
Current Value of Strike price = 22.50 * (1+2.8%)^-1
Current Value of Strike price = 22.50 * (1.028)^-1
Current Value of Strike price = 22.50 * 0.9727626459143969
Current Value of Strike price = 21.88715953307393
Current Value of Strike price = $21.89
Current Value of Stock = $28.97
Thus, Value of Call option = $28.97 - $21.89
Value of Call option = $7.08
Pigskin Inc. produces and sells leather handbags. Sales are 40% in cash and 60% on account. Cash from sales on account is collected 50% in the month of sale and 50% in the month following. In February, Pigskin has total sales revenue of $160,000 and total cash collections of $172,000. Compute the total sales revenues for the month of January. Group of answer choices $200,000 $220,000 $60,000 $120,000 None of the other answers are correct
Answer:
None of the other answers are correct
Explanation:
February Data is given as :
Total Sales Revenue = $160,000
Total Cash Collections = $172,000
Thus the using the February Total Credit Sales in January will be
40 % = February Cash Collection
= $172,000 × 40%
= $68,800
50 % of remainder = February credit sales collection
= (172,000 - 68,800) × 50%
= $51,600
50 % of remainder = January credit sales collection
= (172,000 - 68,800) × 50%
= $51,600
Then January Credit Sales will be : $51,600 × 2 = $103,200
But this is only 60 % of the total sales.
The full 100 % will be : 100 % / 60 % × $103,200 = $172,000
Therefore,
Using this data give None of the other answers are correct
Select the correct answer.
A firm entered into a contract with a construction firm to build a commercial building. However, the construction firm did not follow the design
plans of their client and instead made modifications wherever they thought was necessary, without consulting their clients. This did not go well
with the clients and hence they filed a formal lawsuit in a law court against the construction firm. Which method of dispute resolution did the
firm choose?
A.
mini-trial
B
arbitration
C.
mediation
D.
psychotherapy
Reset
Next
Answer:
B. Arbitration
Explanation:
The other answer is correct for plato/edmentum users :)
Making decisions about how Threadless should allocate its resources to both current and future product innovations is a process known as:_______
a. long-term financing.
b. financial planning.
c. financial management.
d. short-term financing.
e. budgeting.
Answer:
c. financial management.
Explanation:
financial management can be regarded as carrying out activities such as organizing, controlling as well as planning of financial resources in order to achieve the goals of the organization. It involves the well utilization of funds in a particular Enterprise. It should be noted that Making decisions about how Threadless should allocate its resources to both current and future product innovations is a process known as financial management.
Making decisions about how Threadless should allocate its resources to both current and future product innovations is a process known as Financial management.
Financial management can be defined as the strategic planning, organising, directing, and controlling of financial resources in an organisation.
Financial management can be applied in making the following decisions in an organization:
Investment decisionDividend decisionFinancing decisionIt also involves applying the principles of management to the financial assets or allocation of resources in an organization.
Therefore, Financial management is the decision used to allocate resources to both current and future product innovations in a company.
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The Outlet Mall has a cost of equity of 16.8%, a pretax cost of debt of 8.1%, and a return on assets of 14.5%. Ignore taxes. What is the debt-equity ratio?
Answer:
0.36
Explanation:
Cost of equity of 16.8%,
Pretax cost of debt of 8.1%
Return on assets of 14.5%
As per NN proposition: Cost of equity = Return on asset + D/E ratio (Return on asset-Cost of debt)
0.168 = 0.145 + D/E (0.145 - 0.082)
0.168 - 0.145 = D/E (0.064)
0.023 = D/E (0.064)
D/E = 0.023/0.064
D/E = 0.359375
D/E = 0.36
Thus, the debt-equity ratio is 0.36
Journalize Period Payroll The payroll register of Castilla Heritage Co. indicates $1,860 of social security withheld and $465 of Medicare tax withheld on total salaries of $31,000 for the period. Federal withholding for the period totaled $5,270. Retirement savings withheld from employee paychecks were $2,500 for the period. Provide the journal entry for the period's payroll. If an amount box does not require an entry, leave it blank.
Answer:
Details Debit Credit
Salary Expense $31,000
Social Security Tax Payable $1,860
Medicare Tax Payable $ 465
Federal Withholding Tax Payable $5,270
Retirement Savings/ Contribution Payable $2,500
Salary Payable $41,095
Were the behaviors of any team members particularly valuable or detrimental to the team? What did you do to encourage or discourage the behaviors?
Explanation:
A work team can be very beneficial for an organization to be able to develop new ideas and problem solutions to achieve its objectives and goals.
When well integrated, members can collaborate on important ideas and work can be more dynamic, effective and motivating. However, it is necessary to have the perception that a team is composed of individuals who have different personalities, which can be a potential for conflict, if there is no assertive communication and management.
To encourage positive behaviors, it is necessary for the leader to establish an effective communication system, where each suggestion or problem can be quickly communicated and answered. Providing feedback on the job is also essential to keep the team motivated.
In a team, all the members have to feel that they are valuable pieces for the group, it is necessary that each one has the opportunity to contribute with their skills towards common goals.
The behaviors of any team member can be valuable and even harmful to the team. it depends upon the members of the team how they are supporting and behaving in a team.
What is behavior?
Behavior is the certain acts of the people. every people on the earth have some kind of behavior. Behavior is the response of the person to the things that are happening whether internally, externally, thoughts, or other things. the leader can do many things to encourage the person like make them follow the good behavior routine.
Thus, the behavior can be changed and it can be both valuable and harmful.
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You do a search on your mobile phone for "clothing stores near me". Your top result is a search ad for a Banana Republic (clothing store) that is two blocks away. Your friend (standing next to you) does the same search but does not receive that ad. You are a frequent Banana Republic shopper and your friend is not. This ad targeting is an example of location-based targeting combined with:_____.A. temporal targetingB. behavioral targetingC. weather-based targetingD. targeting based on social contextE. each is correct
Answer:
B. behavioral targeting
Explanation:
According to the information in the question above, it can be said that this ad targeting is based on location combined with behavior.
Behavioral targeting is based on targeting your consumers based on past behaviors, that is, as you are a frequent consumer of Banana Republic, it is correct to state that you have had previous buying behavior, so the ad appeared for types of people like you and not to your friend, who despite his location, is not a frequent consumer of Banana Republic, so he didn’t receive the ad because he hadn’t previously behaved.
This ad targeting is an example of location-based targeting combined with behavioral targeting.
Behavioral targeting is simply known as a marketing method that often uses web user information to make advertising campaigns strong.It entails putting together web searches, purchase histories, frequently visited websites and other information to create a full user profile, showing what your customers wants, avoids and purchases.
It is marketing method that uses web user information.
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An expense that is readily traced to a department because it is incurred for that department's sole benefit is a(n):________.
a. Common expense.
b. Direct expense.
c. Administrative expense.
d. Indirect expense.
e. Recurring expense.
Answer:
b . Direct expense
Explanation:
Direct expense is an expense whose cost can be easily identified with a department due to the fact that the expense is incurred for the benefit of the department solely. This means that this expense can be traced directly to a department.
Also, some expenses are known to be directly related to buying of materials , products for use whether in a department or a company; such expenses are classified as direct expenses.
Examples of direct expense includes cost of raw materials , rent of factory, wages etc.
The shape of a normal Treasury yield curve can be characterized as: (a) inverted throughout the maturity spectrum; (b) inverted over a portion of the maturity spectrum, such as between 2 and 7 years; (c) monotonically upward sloping; (d) unaffected by the relative supply and demand for Treasury securities.
Answer:
(c) monotonically upward sloping
Explanation:
The shape of a normal Treasury yield curve can be characterized as monotonically upward sloping curve. This is because a normal treasury yield curve have lower yields for short term, but gradually increases as the maturity period of the bonds increases. Thus, giving the yield curve an upward sloping shape.
