Answer:
capabilities reflect a high level of social complexity and causal ambiguity.
Explanation:
The more complex of ambiguous a product is, the more challenging it is for rivals to imitate the product
In September, Lauren Ashley Company purchased materials costing $200,000 and incurred direct labor cost of $110,000. Overhead totaled $365,000 for the month. Information on inventories was as follows: September 1 September 30Materials $110,000 $120,000Work in process $60,000 $90,000Finished goods $75,000 $75,000Required:1. What was the cost of direct materials used in September ?$2. What was the total manufacturing cost in September ?$3. What was the cost of goods manufactured for September ?$
Answer:
1. Cost of Direct materials in September
= Opening stock of materials + Purchases - Closing stock
= 110,000 + 200,000 - 120,000
= $190,000
2. Total manufacturing cost in September:
= Direct material + Direct labor + Manufacturing overhead
= 190,000 + 110,000 + 365,000
= $665,000
3. Cost of good manufactured:
= Total manufacturing cost + Beginning work in process - Ending work in process
= 665,000 + 60,000 - 90,000
= $635,000
What is the reasoning behind having the seven Fed Board of Governors remain for 14 years on the Federal Reserve?
a) Participating in the Fed for the 14 year time period allows the board members to build up seniority and on-the-job understanding
b) Longer terms for board members fosters longer relationships and builds strong networks to push through financial changes to the economy.
c) The longer terms are to insulate the members from immediate political pressures and have them focus solely on economic solutions for the nation.
Answer: c) The longer terms are to insulate the members from immediate political pressures and have them focus solely on economic solutions for the nation.
Explanation:
The Fed is independent of the U.S. Government but can still face significant pressure from the U.S. Government as it is the President that nominates the Board of Governors and the Senate confirms them.
Much like Justices on the Supreme Court who get their positions the same way, these governors have to be protected from being used as political pawns so they are given long terms in office to ensure that they can pursue an independent policy without having to worry about the current administration coming after them if they go contrary to its will.
How does the design demonstrate the ability to analyze, research, and explore a variety of information sources to adequately address how the target market might interpret a designmessage
Answer:
Design should be analyzed, explored and researched carefully so that it adequately targets the audience.
Explanation:
A design has the ability o inclines people's decisions and allows for interpretation. The design is can be used to tell whether the product is going to stay in the market and helps in the identification of the target audience. The market can interpret the message in design in various ways such as by positive and negative. Thus design should be made keeping in mind the ethics and characteristics of the object. Design should match the traits of people.A tyre manufacturer wants to set a minimum mileage guarantee on its new MX100 tyre. Tests reveal the mean mileage is 47,900 with a standard deviation of 2,050 miles and the distribution is a normal distribution. The manufacturer wants to set the minimum guaranteed mileage so that no more than 4% of the tyres will have to be replaced. What minimum guaranteed mileage should the manufacturer announce
Answer:
51,487.5
Explanation:
Calculation to determine the minimum guaranteed mileage should the manufacturer announce
Sinces no more than 4% of the tires will have to be replaced First step will be to determine the InvNorm(.96) using normal distribution table
InvNorm(100%-4%)
InvNorm(.96) = 1.75
Now let determine the minimum guaranteed mileage
Let x represent the Minimum guaranteed mileage
(2050*1.75)+47,900=x
x=3,587.5+47,900
x = 51,487.5
Therefore the minimum guaranteed mileage that the manufacturer should announce is 51,487
Your client has called for help with their bank feeds in QuickBooks Online. You begin by asking them to open the Banking tab in the Left Navigation bar and your client tells you that she doesn't see this option listed.
Choices:
A) Your client doesn't have bank feeds enabled
B) Your client has Business view selected in their settings
C) Your client has turned off the Banking option in their settings
D) Your client has the Simple Start subscription for QuickBooks Online
Choice B
Explanation:
There are two views when it comes to Quickbooks Online: Business view and Accountant view. Accounting view is for more seasoned users who have some form of accounting training so it has more features.
Business view on the other hand is simplified for those who don't know much about accounting. It is easy to follow and some features are reordered for simplicity.
The Banking tab is one of those features and it is not openly shown in the business view so the most probably the reason your client can't see it is that she is using the Business view.
Gordon Corporation's stock is expected to pay a dividend of $4 per share at the end of this year. The dividend is expected to grow at a constant rate of 7%. The stock is currently selling for $100 per share. What would be the investor's expected rate of return on the stock
Answer: 11%
Explanation:
Using the Gordon Growth Model, the price of a stock is:
= Next dividend / (Expected return - Growth rate)
The growth rate will therefore be:
100 = 4 / (r - 7%)
(r - 7%) * 100 = 4
r - 7% = 4 /100
r = 4% + 7%
= 11%
You estimate that your cattle farm will generate $0.10 million of profits on sales of $2 million under normal economic conditions and that the degree of operating leverage is 5.a. What will profits be if sales turn out to be $1.6 million
Answer:
Profit would decrease to $0.0 million
Explanation:
The degree of operating leverage is the change in profit as a result of the change in sales revenue
DOL=% change in profit/% change in sales
DOL=5
% change in profit=unknown
% change in sales=($1.6m-$2.0m)/$2.0m
% change in sales=-20%
5=% change in profit/-20%
% change in profit=5*-20%
% change in profit=-100%
the new amount of profit=current amount of profit*(1-% change in profit)
current amount of profit=$0.10 million
the new amount of profit=$0.10 million*(1-100%)
the new amount of profit=$0.0 million
Internal information: A. attempts to describe something that is unknown. B. describes the environment surrounding the organization. C. describes specific operational aspects of an organization. D. quantifiably describes something that is known.
Answer:
Option c: Describes specific operational aspects of an organization
Explanation:
Management information systems (MIS)
This is commonly used in planning for, development, management, and use of information technology tools to help individuals carry out all tasks related to information processing and management
Internal Information
This are simply refered to as a form of information that is gotten or developed from activities that occur within the organization. Example is sales
External Information
This simply gives a reason or an understanding of factors outside of the organization.
Internal data sources
They are said to be sources that are available within the organization. Examples of internal data sources includes: Customer profiles, Sales analysis reports, inventory analysis, production reports etc.
Speedy Delivery Company purchases a delivery van for $43,200. Speedy estimates that at the end of its four-year service life, the van will be worth $6,800. During the four-year period, the company expects to drive the van 227,500 miles. Actual miles driven each year were 58,000 miles in year 1 and 62,000 miles in year 2. Required: Calculate annual depreciation for the first two years of the van using each of the following methods:1. Straight-line. 2. Double-declining-balance.3. Activity-based.
Answer:
Results are below.
Explanation:
Giving the following information:
Purchase price= $43,200
Salvage value= $6,800
Useful life= 4 years
First, we need to calculate the annual depreciation using the straight-line method:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= (43,200 - 6,800) / 4
Annual depreciation= $9,100
It remains constant during the whole useful life.
Now, using the double-declining method:
Annual depreciation= 2*[(book value)/estimated life (years)]
Year 1:
Annual depreciation= 2*[(43,200 - 6,800) / 4]
Annual depreciation= $18,200
Year 2:
Annual depreciation= 2*[(36,400 - 18,200) / 4]
Annual depreciation= $9,200
Finally, the units-of-activity method:
Annual depreciation= [(original cost - salvage value)/useful life of production in miles]*miles driven
During the four-year period, the company expects to drive the van 227,500 miles. Actual miles driven each year were 58,000 miles in year 1 and 62,000 miles in year 2
Year 1:
Annual depreciation= [(43,200 - 6,800) / 227,500]*58,000
Annual depreciation= $9,280
Year 2:
Annual depreciation= 0.16*62,000
Annual depreciation= $9,920
Company xyz made the following transactions 6 marks
Borrowed loan of ksh 50000 to start a business
Obtained Ksh 150,000 in cash from proceeds of sales
Paid out ksh 240000 in form of salaries
Purchased Ksh 600000 worth of machinery in cash
Purchased a track valued at Ksh 1, 500 000 by paying Ksh 300000 in cash and getting a
loan for the reminder
Paid rent of rent of Ksh 80000 and advertising of ksh 50,000 in cash each
Determine the value of the company’s assets, liability and equity
Answer:
Company XYZ
Total assets ksh 1,030,000
Total liabilities ksh 1,250,000
Total equity ksh (220,000)
Explanation:
a) Data and Analysis:
Cash ksh 50,000 Loan payable ksh 50,000
Cash ksh 150,000 Sales revenue ksh 150,000
Salaries expense ksh 240,000 Cash ksh 240,000
Equipment ksh 600,000 Cash ksh 600,000
Track ksh 1,500,000 Cash ksh 300,000 Loan payable ksh 1,200,000
Rent Expense ksh 80,000 Advertising Expense ksh 50,000 Cash ksh 130,000
Assets:
Cash ksh 50,000
Cash ksh 150,000
Cash ksh (240,000)
Equipment ksh 600,000
Cash ksh (600,000)
Track ksh 1,500,000
Cash ksh (300,000)
Cash ksh (130,000)
Total assets ksh 1,030,000
Liabilities:
Loan payable ksh 50,000
Loan payable ksh 1,200,000
Total liabilities ksh 1,250,000
Equity:
Sales revenue ksh 150,000
Salaries expense ksh (240,000)
Rent Expense ksh (80,000)
Advertising Expense ksh (50,000)
Total equity ksh (220,000)
Compared with the sole proprietorship and partnership forms of business organization, the corporate form generally faces with _______ agency problems, ________ difficulty in raising capital and transferring ownership, ________ taxation.
Answer: more; less; more
Explanation:
Compared with the sole proprietorship and partnership forms of business organization, the corporate form generally faces with (more) agency problems, (less) difficulty in raising capital and transferring ownership, (more) taxation.
Corporation are typically taxed more than the sole proprietorship or partnership. Also, in sole proprietorship, the business owner and the management is thesame person and therefore isn't faced with agency problem like the corporate bodies. One main advantage of the corporate entity is that they raise more capital when compared to the sole proprietorship or partnership.
Each unit requires 0.75 hours of direct labor at a cost of $6.50 per hour. What is the cost of direct labor for May?
Answer:
Direct labor cost = (units produced for May) x 0.75 x $6.50
Explanation:
Direct labor cost = units produced x direct labor hours x cost per unit
since units produced aren't given
Let units produced = 10,000 for May
Direct labor cost = 10,000 x 0.75 x $6.50 = $48,750
Your product Belch has an actual market share of 14.2%, and a potential market share of 17.6%. The most likely scenario to explain this situation is:
Answer: Your budget for sales and promo are excessive, and you reached diminishing returns on your spend.
Explanation:
You can check the options online.
The market share refers to the percentage of total sales that is generated by a company in an industry.
If the potential market share is higher than the actual market share, the reason for this will be due to the fact that the budget for sales and promo are excessive, and you reached diminishing returns on your spend.
Cyberdyne Systems and Virtucon are competitors focusing on the latest technologies. Selected financial data is provided below. (Round your answers to 1 decimal place. Enter your answers in millions (i.e., $10,100,000 should be entered as 10.1).) ($ in millions)CyberdyneVirtucon Net sales$39,905 $5,684 Net income 10,375 1,194 Operating cash flows 14,865 1,334 Total assets, beginning 58,905 15,184 Total assets, ending 60,905 14,884 Required: 1. Calculate the return on assets for both companies.
Answer:
Return on assets for Cyberdyne Systems and Virtucon are 0.2 and 0.1 respectively.
Explanation:
Return on asset is a measure of the ratio of the net income to the total average assets of an entity or organization. It givens and insight into the company's ability to generate profits from the use of its assets.
For Cyberdyne Systems, given that Net income $10,375 and the assets at the beginning and end of the period are $58,905 and $60,905
Total average assets = ($58,905 + $60,905)/2
= $59,905
Return on assets = $10,375/$59,905
= 0.17319088
To one decimal place = 0.2
For Virtucon, given that Net income $1,194 and the assets at the beginning and end of the period are 15,184 and 14,884
Total average assets = ($15,184 + $14,884)/2
= $15,034
Return on assets = $1,194/$15,034
= 0.079419981
To one decimal place = 0.1
In the market for wireless earbuds (a normal good), indicate whether the following events would cause an "increase or a decrease in demand" or an "increase or a decrease in the quantity demanded." a. There is an increase in the price of carrying cases for wireless earbuds. A. increase in demand. B. decrease in demand. C. increase in quantity demanded. D. decrease in quantity demanded.
Answer: D. decrease in quantity demanded.
Explanation:
A change in demand is caused by the factors that affect demand except the price. The movement along the demand curve is as a result of the price change.
An increase in demand will lead to the rightward shift of the demand curve and a decrease in send will lead to the leftward shift of the demand curve.
On the other hand, an increase or decrease in the quantity demanded will lead to the movement along a given demand curve.
Based on the question, when there is an increase in the price of carrying cases for wireless earbuds, this will lead to a reduction in the quantity demanded of wireless earbuds as less people will buy the earbuds.
Agrarian Tractors, a farm equipment company issues quarterly bonuses to its sales agents. This quarter Clay sold more tractors
than anyone else in the company and exceeded his sales goals for the fifth consecutive quarter. As the bonuses were issued
Clay received the same bonus as all the other Agrarian Tractors sales agents. Per equity theory Clay will probably
answer options:
focus on just his quarterly goals
ignore his feelings of resentment and frustration
be cooperative with the other sales agents
determine new tactics to drive even more sales
Answer:
focus on just his quarterly goals
Explanation:
A farm equipment company, Agrarian Tractors, issues quarterly bonuses to its sales agents. This quarter Clay sold more tractors than anyone else in the company and exceeded his sales goals for the fifth consecutive quarter.
However, as the bonuses were issued, Clay received the same bonus as all the other Agrarian Tractors sales agents.
Based on the equity theory, Clay will probably focus on just his quarterly goals.
This is because he sees that his outstanding output wasn't rewarded so he would focus on just meeting his quarterly goals, rather than exceeding it.
Allison bought a bond when it was issued by ABC Corporation 20 years ago. The bond, which has a $1,000 face value and a coupon rate equal to 10 percent, matures in eight years. Interest is paid every six months; the next interest payment is scheduled for six months from today. If the yield on similar risk investments is 8 percent, what should be the current market value (price) of the bond
Answer:
Current market value (price) of the bond = $ 1,081.11
Explanation:
The current market value (price) of the bond can be calculated using the following excel function:
Current market value (price) of the bond = PV(rate, NPER, -PMT, -FV) ........... (1)
Where:
rate = Semiannual yield on similar risk investments = yield on similar risk investments / 2 = 8% / 2 = 4%
NPER = Number of period = Year to maturity * Number of semiannuals in a year = 8 * 2 = 16
PMT = Payment = (FV * Coupon rate) / Number of semiannuals in a year = ($1,000 * 10%) / 2 = $50 = 50
FV = Face value = $1,000 = 1000
Substituting all the relevant value into equation (1), we have:
Current market value (price) of the bond = PV(4%, 10, -50, -1000)
Inputing =PV(4%, 10, -50, -1000) in any cell in excel sheet (Note: as done in the attached excel file), we have:
Current market value (price) of the bond = $ 1,081.11
On December 31, 2021, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $42,500 and $1,700, respectively. During 2022, Coolwear wrote off $875 in accounts receivable and determined that there should be an allowance for uncollectible accounts of $4,200 at December 31, 2022. Bad debt expense for 2022 would be:
Answer:
the bad debt expense for 2022 is $5,025
Explanation:
The calculation of the bad debt expense for 2022 is given below:
= Allowance for uncollectible accounts - ending balance for uncollectible accounts - account receivable written off
= $4,200 - $1,700 - $875
= $5,025
Hence, the bad debt expense for 2022 is $5,025
The same should be considered and relevant
Organizational learning and creativity play an important role in helping managers improve their decisions. Managers must take steps to promote organizational learning and creativity at individual as well as group levels to improve the quality of decision making. Managers can encourage and promote entrepreneurship that mobilizes resources to take advantage of an opportunity to provide customers with new or improved goods and services. The quality of managerial decision making ultimately depends on innovative responses to opportunities and threats. How can managers increase their ability to make nonprogrammed decisions that will allow them to adapt to, modify, and even drastically alter their task environments so they can continually increase organizational performance
Answer:
Organization learning is the process by which the managers seeks employees desires and ability to understand the task environment.
Explanation:
Organizational learning plays an important role in managers by raising their ability to make programmer decisions that will allow them by adapting to, modifying, and even alter their work environment. Creativity helps managers in thinking and problem solving.2. Through stores that employ a team-based management approach and that offer an appealing shopping environment / experience, Whole Foods can charge higher prices because they offer the highest quality natural and organic foods available with customer service superior to their competitors. This explanation is best described as Whole Foods' ______.
Answer:
differentiation strategy
Explanation:
Based on the information above, it is possible to affirm that Whole Foods is a company that uses a strategy of differentiation in its products and services, as its management approach is based on a team that offers an attractive shopping environment / experience, in addition to charging higher prices for offering high quality natural and organic foods, as well as superior customer service than its competitors.
The differentiation strategy consists of actions used by companies to make their products and services attractive to their potential audience, offering added benefits and advantages that the consumer can perceive and value, making the company more competitive and well positioned in relation to its competitors .
Coronado Company received proceeds of $209000 on 10-year, 5% bonds issued on January 1, 2016. The bonds had a face value of $220000, pay interest annually on January 1, and have a call price of 102. Coronado uses the straight-line method of amortization. Coronado Company decided to redeem the bonds on January 1, 2018. What amount of gain or loss would Coronado report on its 2018 income statement
Answer:
Coronado Company
The amount of gain or loss that Coronado would report on its 2018 income statement is:
= $13,200.
Explanation:
a) Data and Calculations:
Bonds proceeds = $209,000
Bonds face value = 220,000
Bonds Discounts = $11,000
Period of bonds = 10 years
Straight-line amortization = $1,100 annually
Interest payment = annually
Coupon rate rate = 5%
Fair value on January 1, 2017 = $210,100 ($209,000 + $1,100)
Fair value on January 1, 2018 = $211,200 ($210,100 + $1,100)
Call price = 102
Total call value (cash payment) = $224,400 ($220,000 * 102/100)
Loss to report on its 2018 income statement = $13,200 ($224,400 - $209,000 - $2,200)
Jose wants to cash in his winning lottery ticket. He can either receive seven, $2,000 annual payments starting today, or he can receive one lump-sum payment today based on a 3% annual interest rate. What would be the lump-sum payment
Answer:
Hence the Lumpo-sum Payment is $12834.38(Approx).
Explanation:
Present value of annuity due= (1+interest rate)*Annuity[1-(1+interest rate)^-time
period]/rate
= (1+0.03) x 2000 [1-(1+0.03)^ -7] / 0.03
[tex]=1.03\times 2000[1-(1.03)^{-7} ]/0.03\\=2060 \times 6.23\\=$12834.38(Approx).[/tex]
5) Big Corporation had the following sales over the last 4 years; Year Sales (in 000s) bgs 1 225.00 2 236.25 3 243.125 4 248.00 a) What was the growth rate in sales between years 1
Answer:
5%
Explanation:
a) What was the growth rate in sales between years 1 and 2
Growth rate measures the increase in the level of sales over a period of time
Growth rate from year 1 to 2 = (increase in sales from year 1 to 2 / sales in year 1) x 100
increase in sales from year 1 to 2 = 236.25 - 225 = 11.25
(11.25 / 225) x 100 = 5%
Database Systems is considering expansion into a new product line. Assets to support expansion will cost $500,000. It is estimated that Database can generate $1,990,000 in annual sales, with an 7 percent profit margin. What would net income and return on assets (investment) be for the year
Answer:
Net income= 139,300
ROA= 27.86%
Explanation:
The assets to support the expansion is $500,000
It is estimated the entire database can generate $1,990,000
The profit is 7%
The net income can be calculated as follows
= 1,990,000×7/100
= 1,990,000×0.07
= $139,300
The ROA can be calculated as follows
= 139,300÷500,000
= 27.86%
At your new job you estimate that your average salary over your working years will be $95,000 per year. How many more years would you have to work to receive as much benefit from a flat benefit of $3,000 times years of service as you would receive from 3.75 percent of your average salary times years of service?
Answer:
1.1875 or 1.19 times
Explanation:
The calculation of the no of years is to be given below;
= 3.75 % of average salary × years of service = 3000 × years of service
So,
= 0.0375 × 95000 × years of service = 3000 × years of service
So, the years of service is
= 3562.5 ÷ 3000
= 1.1875 or 1.19 times
Current Forecast is 2500 units, current 1st shift capacity is 1300 units. Market growth rate is 10%. How much capacity do you need to buy for next round (answer rounded up to next 50 units)
Answer:
250 units
Explanation:
Calculation to determine How much capacity do you need to buy for next round
Using this formula
Next round capacity needed=Current Forecast*Market growth rate
Let plug in the formula
Next round capacity needed=2500 units*10%
Next round capacity needed=250 units
Therefore How much capacity do you need to buy for next round is 250 units
What do you call it when you don't invest in your new and smaller businesses?
Answer:
investment foe buisness
When you don't invest in your new and smaller businesses, it is called debt investment.
Debt investment basically means opting to use an amount borrowed to finance one's business (either big or small business). This investment refers to a scenario when an investor (i.e. banks) lend money to the entrepreneur with the expectation that the entrepreneur will pay-back the investment with interest.
This type of business running system is somewhat burdensome because of repayment of the loan with interest.
The advantage of this method of financing is that the capital is fully provided to the business owner.
Learn more about this here https://brainly.com/question/20518955
Cost of debt with fees. Kenny Enterprises will issue a bond with a par value of $1,000, a maturity of twenty years, and a coupon rate of 7.5 % with semiannual payments, and will use an investment bank that charges $25 per bond for its services. What is the cost of debt for Kenny Enterprises at the following market prices?
a. $982.48
b. $1,004.93
c. $1,068.15
d. $1,171.91
Answer:
Kenny Enterprises
Cost of Debt with fees:
Market Prices $982.48 $1,004.93 $1,068.15 $1,171.91
Cost of debt (b- a) $48.59 $26.14 ($37.08) ($140.84)
Cost of debt in percentage 4.86% 2.61% -3.71% -14.08%
Explanation:
a) Data and Calculations:
Market Prices $982.48 $1,004.93 $1,068.15 $1,171.91
Investment bank charges 25.00 25.00 25.00 25.00
a) Net bonds proceeds $957.48 $979.93 $1,043.15 $1,146.91
b) Repayments:
PV of interest payments $770.66 $770.66 $770.66 $770.66
PV of principal ($1,000) 235.41 235.41 235.41 235.41
Total repayments $1,006.07 $1,006.07 $1,006.07 $1,006.07
Cost of debt (b- a) $48.59 $26.14 ($37.08) ($140.84)
Cost of debt in percentage 4.86% 2.61% -3.71% -14.08%
Present values of interest payments:
N (# of periods) 40
I/Y (Interest per year) 7.5
PMT (Periodic Payment) 37.5
FV (Future Value) 0
Results
PV = $770.66
Sum of all periodic payments $1,500.00
Total Interest $729.34
Present value of principal repayment:
N (# of periods) 20
I/Y (Interest per year) 7.5
PMT (Periodic Payment) 0
FV (Future Value) 1000
Results
PV = $235.41
Total Interest $764.5
The difference between the amount received from issuing a note payable and the amount repaid at maturity is referred to as:
Answer: interest
Explanation:
Notes payable occurs when a promissory note is issued to the bearer by the firm. Notes payable can either be short term which is within a year or long term which is more than a year.
The difference between the amount received from issuing a note payable and the amount repaid at maturity is known as the interest.
You are considering purchasing a house in Collin County that costs $350,000. You are debating whether to finance the house for 15 or 30 years. The 15-year mortgage allows you to pay off the house quicker at an interest rate of 2%. However, the 30-year mortgage offers a lower mortgage payment at an interest rate of 2.75%. Which of the following answers is closest to the difference between the 15 and 30-year monthly mortgage payment?
a. 800
b. 600
c. 400
d. 1200
e. 1000
Answer:
d
Explanation:
i believe this should be correct
