Answer:
Following are the solution to the given question:
Explanation:
A financial manager should understand adequate information on accountancy. This is irrespective of whether the business does have a trained counterpart.
Accountancy is a necessary input into the function of financial management. Throughout the extent, as accounts were important input in financial decision-making is closely connected with both the interaction between finance and financial.
Accrual analysis provides information mostly on the company's operations. The result of the accountancy is accounts like the income statement, the income statement, and the position financial adjustments report. The information in such statements helps money advisors assess a company's previous growth and career projections.
The purpose of accountancy in the choice process is to gather and provide financial data on the institution's past, present, and future activities.
During the economic transaction, the finance department uses these data. This is not possible for money advisors to collect data or to make choices from accounts. And an investor's primary focus is to collect data and display it, whereas budgeting, control, and judgment are the main job of a financial manager. In a sense, financial management starts at the end of accountancy.
In 2019, Osgood Corporation purchased $8.1 million worth of 10-year municipal bonds at face value. On December 31, 2021, the bonds had a fair value of $3,400,000 and Osgood reclassified the bonds from held-to-maturity to trading securities. Osgood's December 31, 2021, balance sheet and the 2021 income statement would show the following: Investment in bonds (TS) Income statement loss on investments a. $ 3,400,000 $ 0 b. $ 3,400,000 $ 4,700,000 c. $ 8,100,000 $ 4,700,000 d. $ 8,100,000 $ 0
Answer:
Osgood Corporation
Osgood's December 31, 2021, balance sheet and the 2021 income statement would show the following: Investment in bonds (TS) Income statement loss on investments:
b. $ 3,400,000 $ 4,700,000.
Explanation:
a) Data and Calculations:
2019: Face value of 10-year municipal bonds = $8.1 million
December 31, 2021, Fair value of the municipal bonds = $3.4 million
There is a loss in value amounting = $4.7 million ($8.1 - $3.4)
In the balance sheet, the municipal bonds will stated at its fair value of $3.4 million while in the income statement, there will be a loss on investments of $4.7 million.
A product needs to be processed on both Resource X and Resource Y. There is only one of each of these resources and your goal is to meet market demand, which is 20 units per day and a day has 12 hours of working time. It takes 30 minutes to process a unit on Resource X and 15 minutes on Resource Y. If Resource X feeds Resource Y and both resources are scheduled to work 12 hours per day and process items just-in-case, then which Of the following statement is correct:
a. There would be no accumulation of work-in-process inventory.
b. Work-in-process inventory would accumulate in-front-of Resource Y.
c. There would be no accumulation of finished goods inventory.
Answer:
The correct statement is:
a. There would be no accumulation of work-in-process inventory.
Explanation:
Daily demand of product A = 20 units
Working time per day = 12 hours
Time to process a unit on Resource X = 30 minutes
Time to process a unit on Resource Y = 15 minutes
Total units that can be processed on Resource X per day = 24 (12/0.5)
Total units that can be processed on Resource Y per day = 48 (12/0.25)
Since Resource X feeds Resource Y and both resources are scheduled to work 12 hours per day, there will no accumulation of work-in-process (from Resource X) because Resource Y uses half the time of Resource X.
Prime Computers is a company that sells computers and software. The company has a website that allows customers to post comments about the computers and software it sells. Why is it important for this company to encourage customer feedback
Group of answer choices.
A. Most online shoppers will only buy products if they can voice their opinions about them after the purchase.
B. Most online shoppers search the Internet for ratings and reviews before making major purchase decisions.
C. Negative consumer feedback can actually attract more customer interest in the product.
D. Allowing consumer feedback makes it less likely that consumers will provide their feedback.
E. Consumers are more likely to say positive things about companies that value their opinions.
Answer:
B. Most online shoppers search the Internet for ratings and reviews before making major purchase decisions.
Explanation:
Customer relationship management can be defined as a strategic process which typically involves combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance customer satisfaction. Thus, this set of employees are saddled with the responsibility of ensuring the customer are satisfied and happy with their service at all times.
This ultimately implies that, customer relationship management is focused on developing an ongoing connection between a business firm (organization) and all of its customers, as well as potential customers.
Hence, it is very important for Prime Computers to encourage customer feedback on its website and as a policy because most online shoppers (customers) usually engage in an online search in order to see other customer's ratings and reviews of company's product or service before making major purchase decisions.
For which of the following random variables would the use of a Normal distribution as a model be a clear error?
a) The number of houses that an individual owns
b) The number of minutes that a battery lasts in a cell phone
c) Student test scores on an exam
d) The daily percentage change on a stock
Answer:
A. The number of houses that an individual owns
Explanation:
The use of normal distribution in option A would produce an error. That is the number of houses individuals own.
We know that people can own 1 house or more than 1 house or no house at all. But a person can never be said to have less than 0 houses.
Option a is going to be skewed positively. Using Normal distribution would give us an error.
The process of initially recording business transactions in a journal is:
A. sliding.
B. posting
c. kiting
D. journalizing.
Answer:
Journalizing
Explanation:
To determine why a company is more profitable than others in the same industry, a strategist should use: A. A VRIO Analysis B. A PESTLE Analysis C. A SWOT analysis D. A Porter's Five Forces analysis
Answer:
The answer is D
Explanation:
Option D is correct. Porter's five forces analysis is used to determine the intensity of competition in an industry.
This intensity determines how profitable firms in the industry will be.
The five forces are:
1. Bargaining power of consumers
2. Bargaining power of producers.
3. Threat of new entrants - this is the new competition coming into the industry
4. Threat of substitute goods.
5. Competitive rivalry.
X-Mart purchased $300 of merchandise and paid immediately. Demonstrate the journal entry to record this transaction, assuming the perpetual inventory system is used. Multiple choice question. Debit Purchases $300; credit Cash $300. Debit Merchandise Inventory $300; credit Cash $300. Debit Merchandise Inventory $300; credit Sales $300. Credit Merchandise Inventory $300; debit Cash $300.
Answer:
Debit Merchandise Inventory $300; credit Cash $300
Explanation:
The journal entry to record the given transaction is shown below:
Merchandise inventory Dr $300
To Cash $300
(being cash paid is recorded)
Here the merchandise inventory is debited as it increased the assets and credited the cash as it decreased the assets
Consider an event you are familiar with, such as a baseball game, a rock concert, or delivering delivering product to a customer. Map out the logistics tasks needed and their sequence in organizing this particular event.
The correct answer to this open question is the following.
I am going to consider a rock concert. I am familiar with this event.
This is the logistics needed and the sequence in organizing this particular event.
1.- The promoter contacts the talent agency to negotiate with the band's management.
2.- The promoter has scheduled some dates in a specific venue where it is going to organize the show.
3.- The promoter and the manager negotiates the band fees.
4.- Both sign an agreement.
5.- THe promoter confirms the show with the venue.
6. The promoter order the printing of the tickets.
7.- The promoter double-checks all the permissions and authorizations required by the local government, according to the characteristics of the show.
8.- The promoter notifies the fire department, the police department, the traffic department, and rents medical or emergency services for the day of the show.
8.- The band's manager sents the "rider," the document where the band specifies its catering, backstage, rigging, light, and sound system. This document also includes hotel rooms, ground transportation necessities, and flight tickets.
9.- The promoter starts the marketing and promotion of the show in mass media outlets and social media.
10.- The promoter rents all the equipment needed.
11.- Everything is ready for the day of the show.
List of ten household items (clothing, shoes, accessories, electronics, food (fruit is particularly good for this activity), etc.) that includes:
a. the name of the item
b. where it was made/produced/manufactured (country is usually all that is provided) . Identify and discuss the different infrastructure systems that facilitated the production, transportation, and your eventual purchasing of the product. Drawing on Massey’s "global sense of place," explain how these infrastructure system fold the global into the local (and vice versa, fold the local into the global).
Answer:
BR UH
Explanation:
what type of qs is this even
bannana
fridge
pencil
sink
spoon
fork
knife
sisscors
toaster
cup
bowl
bed
pillows
desk
door
tv
couch
chair
table
apple
grapes
cherries
peaches
napkins
toilet
Conrad Company reported the following balances at June 30, 2018:
Sales Revenue $16,200
Sales Returns and Allowances 600
Sales Discounts 300
Cost of Goods Sold 7,500
Net sales for the month is:___.
a. $15,600.
b. $16,200.
c. $7,800.
d. $15,300.
Answer:
d. $15,300
Explanation:
Calculation to determine what Net sales for the month is
Using this formula
Net sales=Sales Revenue -Sales Returns and Allowances-Sales Discounts
Let plug in the formula
Net sales=$16,200-$600-$300
Net sales=$15,300
Therefore Net sales for the month is $15,300
How can quality control affect production?
Answer: Quality Assurance with Quality Control
Quality assurance streamlines production and helps to ensure that the final products meet the company's quality criteria. It ensures that the processes used to design, test, and produce products will be done correctly.
Explanation:
Hope it helps
An open-end fund has a net asset value of $12.70 per share. It is sold with a front-end load of 8%. What is the offering price? (Round your answer to 2 decimal places.)
Answer:
$13.80
Explanation:
Calculation to determine the offering price
Using this formula
Offering Price = NAV/1-load
Let plug in the formula
Offering Price = $12.70/1-0.08
Offering Price =$12.70/0.92
Offering Price = $13.80
Therefore the offering price is $13.80
Goofy Inc.'s bonds currently sell for $925. They pay a $80 annual coupon, have a 25-year maturity, and a $1,000 par value. Compute the expected capital gain percentage for this year. (State as a percent, but do not include the percent sign and round to the second decimal place. Thus, 9.8765% would be written as 9.88 to be correct). (Hint: first compute the YTM and then find the capital gain.
Answer and Explanation:
The computation of the YTM is shown below:
Given that
Future value be $1,000
NPER is 25
PMT is $80
Present value is $925
The formula is shown below:
=RATE(NPER,PMT,-PV,FV,TYPE)
After applying the above formula, the yield to maturity is 8.75%
Now the capital gain is
= 8.75% - ($80 ÷ $925)
= 8.75% - 8.65%
= 0.10%
Assume that you own a small apartment building close to a major commercial street and a service station. You learn that there has been a major leak of underground storage tanks from the service station, and the gasoline has spread onto and below the surface of your property. Discuss sources of value loss to your property from the contamination.
Explanation:
A good source of value loss is the amount of money that the property owner would have to spend to get rid of this contamination. One way to go would be to get a good environmental consultant to take a risk assessment on your property and environment. The expense burden should be lighter on you since it is expected that the service station owners take responsibility. This contamination would cause the value of this property to fall.
You have just applied for a 30year 100000 mortgage at a rate of 10%.what must be annual payment be?
Answer:
The correct answer is "$10,607.92".
Explanation:
Given:
Amount borrowed,
P = 100000
Interest rate,
r = 10%
or,
= 0.1
Time,
= 30 years
Now,
The annual payment will be:
⇒ [tex]A=P\times \frac{r(1+r)^n}{(1+r)^n-1}[/tex]
[tex]=100000\times \frac{0.1(1+0.1)^{30}}{(1+0.1)^{30}-1}[/tex]
[tex]=10,607.92[/tex] ($)
Durable goods $3,000
Services $6,000
Business purchases of capital goods $400
Fixed investment $850
Exports $600
Imports $800
Nondurable goods $700
Inventory investment $200
Government transfer payments $100
Purchases of new residential housing $450
Government purchases $900
GDP is equal to:_______
a. $14,000
b. $11,550
c. $11,450
d. $8,600
e. $13,050
Answer:
c. $11,450
Explanation:
GDP = Consumption (C) + Investment (I) + Government Expenditure (G) + Net Export (NX)
GDP = [Non durable goods+Durable goods+Services] + [Fixed investment+Inventory investment] + Government purchase + [Export-Import]
GDP = [$700+$3000+$6000] + [$850+$200] + $900 + [$600-$800]
GDP = $9700 + $1050 + $900 - $200
GDP = $11,450
Standards for competitive rivalry differ in countries throughout the world. What should firms do to cope with these differences? How do the differences relate to ethical practices?
Explanation:
As a consequence of the market factors prevalent in the market, there really are various levels of competitiveness. The quality of the company's strategy, for example, will be determined by the quality standards imposed by government bodies.
These differences are linked to ethical behaviours in the sense that they will impact the quality of commodities produced by firms. When the quality of the products is degraded, it raises ethical concerns about the product.
1. Why are the concepts of own and cross-price elasticities of demand essential to competitor identification and market definition for companies in the food industry
Answer:
The correct answer is complex and it is simplify in the explanation below.
Explanation:
To begin with, in the microeconomics theory the terms of cross price elasticity of demand and the own price elasticity of demand are refered as indicators that can help the company's manager to have a major perspective according to the situation in where they're in and therefore those economic indicators turn out to be strategic tools to use. And that is because they can measure the sensibility of the demand according to the price of the product. In the case of the cross-price elasticity, the demand will change depending on a variation of the price of a good of the competition, so that will explain that if for example the competition lower their prices then the demand of our product will probably go down because of that. So once said that, its importance relies in the fact that in the food industry the companies need to understand who are they competing with and that could be possible having in mind these terms.
Someone from ____________ is most likely to answer the question "Who am I?" by saying, "I am a mother" or "I work for ABC Corporation."
Someone from [tex]\boxed{ Japan }[/tex] is most likely to answer the question "Who am I?" by saying, "I am a mother" or "I work for ABC Corporation."
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When writing goals, it is helpful to remember the acronym SMART. Different people associate different words with each of the letters in the SMART acronym, but for the purposes of this problem, SMART means that effective goals are:
1. Specific. A good goal defines exactly what you expect to accomplish. When your goals are specific, the behaviors required to accomplish them are clear. Many people say that they want to recycle to save the environment, but a better goal would be "Place every used bottle or can in a recycling container within five minutes of finishing its contents."
2. Measurable. You can measure the outcomes of a good goal. When you measure how much of a goal you have attained, you get feedback on your work. For example, compare the goal "I want to be skinny" with "I want to lose 10 pounds by the end of the month." How can you measure skinny? But by measuring the pounds you have lost so far, you know exactly how close you are to meeting your goal.
3. Attainable. Good goals are hard to reach, but not impossible. If a goal is too easy, you will not have to work hard to attain it, and your overall performance will not improve. If a goal is too hard, you will be discouraged from attempting to reach it. One way of making sure that goals are attainable is to break larger, difficult goals into smaller, more easily accomplished subgoals.
4. Result-oriented. A good goal contains only one outcome or accomplishment. If you combine two or more outcomes in one goal, it will be difficult to decide where to focus your attention. For example, "To increase produce sales by 3% and to achieve a 5% market share" is a less effective goal than "To increase produce sales by 3%."
5. Time-bound. Good goals specify precisely when you will meet them. Doing so provides you with a deadline for your actions. For example, it is easy to say "I want to be a millionaire." but you are more likely to accomplish that goal if you say "I will have a million dollars in a bank account by January 1, 2020."
Using your knowledge of SMART goals, select the best goal. After the new product is released, I will hire some new salespeople.
a. I will hire three new salespeople prior to our next product release.
b. I will hire three new salespeople soon.
c. I will hire some salespeople to help with the new product release.
Answer:
a. I will hire three new salespeople prior to our next product release.
Explanation:
Smart goals are specific, measurable, attainable, result oriented and time bound. When a new product is released, new sales person will help boost sales of the product. The sales person will inform customers about the new product features and specifications. The customers will be able to choose the product based on their preference.
A company must invest in project 1 in order to invest in project 2. Which of the following constraints ensures that project 1 will be chosen if project 2 is invested in?
a. X1 + X2 = 1
b. X1 - X2 < = 0
c. X1 - X2 > = 0
d. X1 + X2 = 0
X1 - X2 > = 0, constraints ensures that project 1 will be chosen if project 2 is invested. Thus, option (c) is correct.
What is company?The term "company" refers to legal entities that are lawfully registered under the Company Act. The company's major goal is to increase profits while maintaining goodwill. With the assistance of management, the organization was flawlessly run. Employees are compensated by the company.
According to the company was the invested in the two projects.
The equation was the X1 - X2 > = 0.
If X1 = 0, X2 will be 0
A company was the equal spend on the projects.
A company are the not less than zero is the investing.
Both should be greater or equal to 0.
As a result, the X1 - X2 > = 0, constraints ensures that project 1 will be decided if project 2 is invested. Therefore, option (c) is correct.
Learn more about on company, here:
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Earning a promotion is made easier if you know the ______.
a. First and last name of your supervisor
b.Password to your company’s database is
c.Kind of characteristics your company values
d.Lunch order your supervisor favors
Answer:
c
Explanation:
Assume (1) a predetermined overhead rate of $8.00 per machine-hour, (2) actual machine-hours worked during the period of 54,000 hours, and (3) estimated machine-hours to be worked during the coming period of 55,000 hours. The amount of overhead applied to production during the period is closest to:
Answer:
Allocated MOH= $432,000
Explanation:
Giving the following information:
Predetermined overhead rate of $8.00 per machine-hour
Actual machine-hours worked= 54,000 hours
To calculate the allocated overhead, we need to use the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 8*54,000
Allocated MOH= $432,000
Four Seasons Industries has established direct labor performance standards for its maintenance and repair shop. However, some of the labor records were destroyed during a recent fire. The actual hours worked during August were 2,750, and the total direct labor budget variance was $1,430 unfavorable. The standard labor rate was $17.60 per hour, but recent resignations allowed the firm to hire lower-paid replacement workers for some jobs, and this produced a favorable rate variance of $3,850 for August.
Required:
a. Calculate the actual direct labor rate paid per hour during August.
b. Calculate the dollar amount of the direct labor efficiency variance for August.
c. Calculate the standard direct labor hours allowed for the actual level of activity during August.
Answer:
a. (AR-SR)* Actual hours = Labour rate variance
Actual rate = (-3,850/2,750) + $17.60
Actual rate = -$1.4 + $17.60
Actual rate = $16.20
b. Direct labour efficiency variance for August = Total direct labour budget variance - Direct labour rate variance
= 1,430 - (-$3,850)
= $5280 Unfavourable
c. Direct Labour efficiency variance = (AH-SH)*SR
5280 = (2,750 - SH) * 17.60
(2,750 - Standard hours) = 5280/17.60
(2,750 - Standard hours) = 300
Standard hours = 2,750 - 300
Standard hours = 2,450
The following are the Consumer Price Index (CPI) for the years 1991-1993. All of the values use a reference year of 1986.
Year CPI
1991 110
1992 120
1993 135
Which of the following is true about the CPI, based on the information?
a. $100 in 1986 would be equivalent to $135 in 1993.
b. $100 in 1992 would have been worth $100 in 1986.
c. $100 in 1991 would have been worth $110 in 1986.
d. $100 in 1993 would be equivalent to $120 in 1992.
Answer:
1986 is the base year. so, the CPI of the base year is always 100%.
Option A
The value of $100 in 1993 would be = ($100/CPI of 1986) * CPI of 1993
= ($100/100) * 135
= $135
So, Option A is true.
Option B
$100 in 1992 would have been worth in 1986: ($100/CPI of 1992) * CPI of 1986
= ($100/120) * 100
= $83.33
So, Option B is false.
Option C
$100 in 1991 would have been worth in 1986: ($100/CPI of 1991) * CPI of 1986
= ($100/110) * 100
= $90.91
So, Option C is false.
Option D
The value of $100 in 1992 would be: ($100/CPI of 1993) * CPI of 1992
= ($100/135 * 120
= $88.89
So, Option D is false.
Jeff recently purchased a house for $350,000. He made a down payment of $50,000 and financed the balance over 30 years at 7%. If Jeff 's first payment is due on March 1st of the current year, how much interest expense will Jeff pay in the current year
Answer: $17,434.43
Explanation:
First find the amount that he financed by a loan:
= Purchase price - Down payment
= 350,000 - 50,000
= $300,000
Find the annuity payment using the excel PMT formula:
Rate = 7% / 12 months
Number of periods = 30 * 12 months = 360 months
Present value = -300,000
Future value = 0
Annuity = $1,995.91
Then the schedule is attached.
Differentiate between an active partner and sleeping partner?
Answer:
active partners are involved in daily running of the business.
sleeping partner are not involved in daily running of the business
Explanation:
Active partners are always involved in management while sleeping partners are not and mostly consists of financing not the business.
Assume the economy of country G produces hotdogs and buns in the following quantities and prices in 2017 and 2018. Assume also that 2017 is the base year and the real GDP will be calculated using 2017 prices. What is the real yearly growth (between 2017 and 2018)
Answer:
73.70%
Explanation:
Note: The full question is attached as picture below
Real GDP in 2017 = ($3*5) + ($2*2)
Real GDP in 2017 = $15 + $4
Real GDP in 2017 = $19 million
Real GDP in 2018 = ($3*7) + ($2*6)
Real GDP in 2018 = $21 + $12
Real GDP in 2018 = $33 million
Real Growth rate between 2017 and 2018 = [(33 - 19) / 19] * 100 = [14/19] * 100 = 0.73684211 * 100 = 73.684211% = 73.70%
Top Knot, Inc. is expected to pay a $2.50 per share dividend next year. The dividends are anticipated to maintain a 5% growth rate forever. If the stock currently sells for $48 per share, what is the cost of equity
Answer:
10.21
Explanation:
Dividend= 2.50
The growth rate is 5%
The current stock price is $48
Therefore the cost of equity can be calculated as follows
= 2.50/48 +5/100
= 0.0521 + 0.05
= 0.1021×100
= 10.21
Hence the cost of equity is 10.21
On January 1, 2019, XYZ Co. issued 2-year bonds with a face value of $10,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield (Market Int.) 8%, at a selling price of $10,363. The interest expense recognized for the year 2019 is
Answer:
Your answer is given below:
Explanation:
When bond is issued on yield to market at price of $10,179, interest is charged on outstanding amount of $10,179 of 9%.
So interest charged on June 30 is 9% for 6 months on $10,179
Interest expense=$10,179*9%*6/12
Interest expense for 6 months =$458
Cash paid for interest is however at stated interest rate of 10% on $10,000 for 6 months=$10,000*10%*6/12
Cash paid=$500
Difference of interest paid and interest expense is debited to bonds payable balance so bonds payable balance outstanding is reduced.
Bonds payable outstanding reduced=$500-$458
=$42
Bonds payable outstanding balance as on june 30=$10,179-$42
=$10,137
Now interest for last 6 months in 2019 is charged on $10,137 at 9%
Interest expense from June 30 to December 31=$10,137*9%*6/12
Interest expense=$456
Total interest expense for 2019=$456+458
=$914
So,total interest expense charged for 2019=$914
