Answer:
Predictive
Cognitive
Explanation:
Predictive analysis help to forecast about future. It helps to analyse and identify profitable business activities and make strategy for business progress. Cognitive analysis predicts business performance based on current patterns and existing data.
Edible Chemicals Corporation owns a $2 million whole life insurance policy on the life of its CEO, naming Edible Chemicals as beneficiary. The annual premiums are $72,000 and are payable at the beginning of each year. The cash surrender value of the policy was $22,000 at the beginning of 2018.
1. & 2. Prepare the appropriate 2018 journal entries to record insurance expense and the increase in the investment assuming the cash surrender value of the policy increased according to the contract to $28,200. The CEO died at the end of 2018.
Answer:
1. Dr Insurance expense $65,800
Dr Cash surrender value of life insurance $6,200
Cr Cash $72,000
2. Dr Cash $2000,000
Cr Cash surrender value of life insurance $28,200
Cr Gain on life insurance settlement $1,971,800
Explanation:
1. & 2. Preparation of the appropriate 2018 journal entries to record insurance expense and the increase in the investment
1. Dr Insurance expense $65,800
($72,000+$22,000-$28,200)
Dr Cash surrender value of life insurance $6,200
($72,000-$65,800)
Cr Cash $72,000
2. Dr Cash $2000,000
Cr Cash surrender value of life insurance $28,200
Cr Gain on life insurance settlement $1,971,800
($2000,000-$28,200)
Cost accumulation is the determination of the dollar amounts of direct materials, direct labor and overhead costs, and cost measurement is the recognition and recording of costs. True False
Answer:
true......................
g Taraj is considering changing careers. She has heard about opportunities with supply chain, but is unsure what the industry really is. How would you describe a supply chain?
Answer:
A supply chain refers to a network that involves the production and delivery of goods or services from the manufacturer to the end user (consumer).
Explanation:
Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.
The key principle of supply chain management can be best summed up as collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing, a wholesaler, and a retailer who typically sells the products to the customers or consumers.
Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.
Generally, the four (4) stages of a supply chain include the following;
I. Supply management.
II. Supply chain management.
III. Supply chain integration.
IV. Demand-supply collaboration.
Two alternate plans are available for increasing the capacity of existing water transmission lines between an unlimited source and a reservoir. The unlimited source is at a higher elevation then the reservoir. Plan A calls for the construction of a parallel pipeline and flow by gravity. Plan B specifies construction of a booster pumping station. Estimated cost for the two plans are as follows: Hint: Use Present Worth- (do not guess show all your work) i=10%
Plan A : Cost $700,000, Life 40 Years, Annual Operation and Repair $1,000/Year
Plan B: Cost $200,000, Life 40 Years Structure and 20 years equipment, Equipment replacement at the end of 20 years $75,000, Annual Operation and Repairs 52,000/year
a. Plan A $709,779.00
b. Plan A $740,000
c. Plan B $710,165.50
d. Plan B $326,000
Answer:
plan a
Explanation:
present worth of plan A= 700000+1000(p/a,10%,40)
= 700000+1000*9.779
= 700000+9779
= 709779 dollars
present worth of plan b = 200000+75000(p/f,10%,20)+52000/year(p/a,10%,40)
= 200000+75000*0.1486+52000*9.779
= 719653 dollars.
we compare the pw of both a and b, from the solutions above, the present worth of plan a is smaller than that of plan b, so the best option is plan a, $709,779.00
A firm just paid its annual dividend of $1.80 and expects to increase that dividend each year. The discount rate is 11 percent. Which one of these correctly identifies an error when computing the current value of this firm's stock?
a. Po = $1.80/(0.11 -0.03): The growth rate exceeds its limitation.
b. Po = ($1.80 x 1.12(0.11 -0.03); The growth rate in the denominator should be 12 percent to match the growth rate in the numerator.
c. Po = ($1.80 x (1 +.09)[0.11 -.09); The growth rate exceeds it limitation for using this formula
d. Po = $1.80/(0.11 -0.025); The value of Dt, is incorrect as $1.80 equals Do.
Answer:
d. Po = $1.80/(0.11 -0.025); The value of D1, is incorrect as $1.80 equals Do.
Explanation:
Calculation to correctly identifies which one of these is an error when computing the current value of this firm's stock
P0 = $1.80/(0.11 - 0.025)
P0 = $1.80/0.085
P0=$9.76
Therefore Based on the information given Po = $1.80/(0.11 -0.025); because The value of D1, is INCORRECT as $1.80 equals Do.
Julio purchased a stock one year ago for $27. The stock is now worth $32, and the total return to Julio for owning the stock was 37 percent. What is the dollar amount of dividends that he received for owning the stock during the year
Answer:
$5
Explanation:
Calculation to determine the dollar amount of dividends that he received for owning the stock during the year
First step is to calculate the total profit earned
Total profit=$27*37%
Total profit=$10
Second step is calculate the Value of stock with profits earned
Value of stock=$27+$10
Value of stock=$37
Now let calculate the the dollar amount of dividends
Dividend=$37-$32
Dividend=$5
Therefore the dollar amount of dividends that he received for owning the stock during the year is $5
An increase in debit balances means more investing by naive investors and would be a bearish indicator.
a) true
b) false
Answer:
b) false
Explanation:
An increase in debit balances means more investing by naive investors and would be a bearish indicator.
A debit balance can be regarded as account balance that has positive balance at the left side of the account.
Some of the Accounts with debit balance are;expenses as well as
assets and losses. Some of these accounts Examples could be fixed assets accounts receivable as well as fixed assets. Some Contra accounts usually have debit balances , some of theses are;contra equity and contra liability. Typical example is the treasury stock account. bearish harami which can be regarded as candlestick chart indicator, ,that is responsible for reversal as regards bull price movement.
What does the president consider to be the most important criterion when making political appointments to the bureaucracy?
Answer:
loyalty to the President
Explanation:
The President of the United States makes all the important political appointment of the bureaucracy to the Government offices. He does that appointing his favorite officials to the offices of the United States different federal agencies. One of the most important criteria that the President considers while appointing the bureaucracy officials is "loyalty to the President."
The President seeks those people who are loyal to him and follows every orders and advices of the President. The President keeps in mind that no one disobeys him and follows his order without any hesitations.
Thus the answer is "loyalty to the President."
The current price of an annual coupon bond is 100. The derivative of the price of the bond with respect to the yield to maturity is -700.The yield to maturity is an annual effective rate of 8%. Calculate the duration of the bond.
Answer:
The duration of the bond = 7.56 years
Explanation:
Given the current price = 100
DM = -1 x Current derivative price / Current price
DM = (-1 x -$700 / $100)
DM = 7
Now, D = DM (1 + r)
D = 7 (1 + 0.08)
D = 7.56
The duration of the bond = 7.56 years
If a company sells its smart phones for $400 and the phones have a COGS of $250, how many additional phones would the company have to sell if it decided to spend an extra $150,000 on advertising to promote the phones
Answer:
Units to be sold= 1,000
Explanation:
Giving the following information:
Selling price= $400
COGS= $250
Increase in costs= $150,000
To calculate the number of units to be sold to cover the incremental costs, we need to use the following formula:
Units to be sold= increase in costs/ contribution margin per unit
Units to be sold= 150,000 / (400 - 250)
Units to be sold= 1,000
List at least four factors a project manager should consider when identifying individuals to work on a project. Why is each important
Answer:
The four elements to consider when identifying individuals to be part of a project team:
ability to communicate effectivelySelf Assuredness, experience, and ability, Organizational agilityEmotional IntelligenceExplanation:
1. Communication is essential because in a project if there is a miscommunication between one person, group, or team and another, that could prove fatal to the goal of the project.
Communication is verbal and non-verbal and (in a project and as with most organizations) must happen across both sides of the spectrum horizontally and vertically.
For example, when expectations are not clarified or there are assumptions about what one person or team said or expects, this could lead to project disruption. When too much is also divulged, a project can go belly-up.
2. Experience and ability are key but they are not enough. Each team member must be confident in what they believe is right. Sometimes, senior members of a team may want a course of action (that is detrimental) to be executed. A junior team member who is not self-assured may think, "it's coming from above, what can one do?" this type of thinking can be very costly.
A self-assured team player would stand for what is right and in the best interest of the team and the project even at the risk of being fired.
3. Organisational Agility
It is impossible to keep a messy itenary and achieve project success.
The ability to know exactly what needs to be done in succession is an invaluable trait of project team members. This prevents waste of time and resources.
4. Emotional Intelligence
Successful team players are also successful leaders. The most cohesive teams are teams that comprise of highly emotionally intelligent people. One of the benefits of emotional intelligence is that it helps the individual to know how to regulate their own behaviors as well as respond to those of others. It is also critical to motivating others to get the job done.
Cheers
Using the starting point method, what is the price elasticity of demand from a price of $4.50 to a price of $4.00 per pack of 100 screws
Answer:
The price elasticity of demand is -9.00.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
The table below shows the weekly demand for machine screws at the local hardware store.
Price (dollars per pack of 100 screws) Quantity (packs of 100 screws)
$5.00 0
4.50 60
4.00 120
3.50 180
3.00 240
2.50 300
2.00 360
1.50 420
1.00 480
0.50 540
0.0 600
Using the starting point method, what is the price elasticity of demand from a price of $4.50 to a price of $4.00 per pack of 100 screws:
The explanation of the answer is now provided as follows:
New quantity = 120
Old quantity = 60
New price = $4.00
Old price = $4.50
Using the formula for calculating the starting point method for elasticity of demand, we have:
Price elasticity of demand = ((New quantity - Old quantity) / (New price - Old price)) * (Old price / Old quantity) = ((120 - 60) / (4.00 - 4.50)) * (4.50 / 60) = -9.00
Therefore, the price elasticity of demand is -9.00.
The price elasticity of demand is -9.00.
Given information
New quantity = 120
Old quantity = 60
New price = $4.00
Old price = $4.50
Now, we will use the formula below for calculating the starting point method for elasticity of demand.
Price elasticity of demand = ((New quantity - Old quantity) / (New price - Old price)) * (Old price / Old quantity)
Price elasticity of demand = ((120 - 60) / (4.00 - 4.50)) * (4.50 / 60)
Price elasticity of demand = -9.00
In conclusion, the price elasticity of demand is -9.00.
Read more about price elasticity of demand
brainly.com/question/5078326
Since its establishment on January 1, 1999, the euro has more than tripled in appreciation against the U.S. dollar, reaffirming the ability of the European Central Bank to manage monetary policy within the euro zone.
A. True
B. False
Answer:
B. False
Explanation:
The exchange rate between the euro and the dollar was 1.1719 dollars per 1 euro. Currently, the exchange rate is 1.18 dollars per euro. The euro has appreciated slightly against the US dollar, but it is a small percentage. It is not even close to multiplying its value by 3.
Lopez Company has Retained Earnings of $48,000 at the end of March, 2020. During the month of April, Lopez has revenues of $72,000 and total operating expenses of $52,000. Lopez also pays its shareholders dividends of $10,000 on April 30. What is Lopez Ending RE = Beg. RE+NI - Div = Beg. RE + (Rev - Exp) - Div = 10,000 + (70,00 0-85,000) - 5,000 = (10,000) Company's ending balance of Retained Earnings on April 30?
Answer: $58,000
Explanation:
Ending retained earnings = Beginning retained earnings + Net income - Dividends
Net income = Revenues - Operating expenses
= 72,000 - 52,000
= $20,000
Ending retained earnings = 48,000 + 20,000 - 10,000
= $58,000
Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price $ 185 Units in beginning inventory 100 Units produced 1,970 Units sold 1,380 Units in ending inventory 690 Variable costs per unit: Direct materials $ 75 Direct labor $ 32 Variable manufacturing overhead $ 12 Variable selling and administrative expense $ 11 Fixed costs: Fixed manufacturing overhead $ 19,700 Fixed selling and administrative expense $ 30,360 What is the total period cost for the month under variable costing?
Answer:
Total period cost for the month $65,240
Explanation:
Product cost under variable costing = Direct materials + Direct labor + Variable overheads
Period cost under variable costing = Fixed manufacturing overheads + All non manufacturing overheads (Variable and fixed)
Calculation of the total period cost using variable costing
Variable selling and administrative expense ($11 × 1,380 units)
$15,180
Fixed manufacturing overhead
$19,700
Fixed selling and administrative expense
$30,360
Total period cost for the month
$65,240
A 22-year old college student has been promised a $1 million check at this 50thbirthday (28years from today). What is the present value of the $1 million today assuming an interest rate of 5%
Answer:
$255,093.64
Explanation:
Calculation to determine the present value of $1 million today
Using Financial calculator
PV = PV (rate, nper, pmt, fv, type)
Where,
FV = $1,000,000
Annual Interest rate = 5%
Number of periods = 28
Let plug in the formula
PV = PV (5%, 28, 0, -1000000, 0)
PV= $255093.64
Therefore the Present value of $1 million today is $255,093.64
company reports the following beginning inventory and two purchases for the month of January. On January 26, the company sells 350 units. Ending inventory at January 31 totals 150 units. Units Unit Cost Beginning inventory on January 1 320 $ 3.00 Purchase on January 9 80 3.20 Purchase on January 25 100 3.34 Required: Assume the periodic inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the weighted average method. (Round per unit costs to 2 decimal places. Amounts to be deducted should be indicated with a minus sign.)
Answer:
Company A
The cost assigned to Ending Inventory under periodic inventory system and based on the weighted average method is:
= $465
Explanation:
a) Data and Calculations:
Units Unit Cost Total Costs
Beginning inventory on January 1 320 $ 3.00 $960 (320 * $3.00)
Purchase on January 9 80 3.20 256 (80 * $3.20)
Purchase on January 25 100 3.34 334 (100 * $3.34)
Total 500 $3.10 $1,550 ($1,550/500)
Units sold -350 $3.10 -$1,085 (350 * $3.10)
Ending inventory 150 $3.10 $465 (130 * $3.10)
Martha had an important meeting after lunch and wanted to avoid the hassle of waiting in line to get a meal at the cafeteria. Hence, she bought a sandwich from a vending machine that was costlier than the meal at the cafeteria. Which of the following influenced Martha's purchase decision?
A. Psychological costs.
B. Quality costs.
C. Behavioral costs.
D. Time costs.
Answer:
D
Explanation:
A 15-year semi-annual coupon bond pays a coupon rate of 7%. The par value of the bond is $1,000. If similar bonds are currently yielding 6%, what is the market value of the bond
Answer:
Bond Price= $1,098.01
Explanation:
Giving the following information:
Coupon= (0.07/2)*1,000= $35
YTM= 0.06/2= 0.03
n= 15*2= 30
Face value= $1,000
To calculate the price of the bond, we need to use the following formula:
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 35*{[1 - (1.03^-30)] / 0.03} + (1,000 / (1.03^30)]
Bond Price= 686.02 + 411.99
Bond Price= $1,098.01
Current operating income for Bay Area Cycles Co. is $26,000. Selling price per unit is $100, the contribution margin ratio is 25% and fixed expense is $104,000. Required: 1. Calculate Bay Area Cycle's breakeven point in units and total sales dollars. Break-even units Break-even dollars 2. Calculate Bay Area Cycle's margin of safety and margin of safety ratio.
Answer:
Results are below.
Explanation:
First, we need to calculate the unitary contribution margin:
Unitary contribution margin= 100*0.25
Unitary contribution margin= $25
Now, we can calculate the break-even point in units and dollars:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 104,000 / 25
Break-even point in units= 4,160
Break-even point (dollars)= fixed costs/ contribution margin ratio
Break-even point (dollars)= 104,000 / 0.25
Break-even point (dollars)= $416,000
Finally, the margin of safety in dollars as a ratio:
Current sales= (26,000 + 104,000) / 25
Current sales= 5,200
Margin of safety= (current sales level - break-even point)
Margin of safety= (5,200*100 - 416,000)
Margin of safety= $104,000
Margin of safety ratio= (current sales level - break-even point)/current sales level
Margin of safety ratio= 104,000 / 520,000
Margin of safety ratio= 0.2 = 20%
HealthSouth manipulated their financial statements by making ______________ in false or unsupported entries in the company's accounting systems.
Answer: 2.7 billion
Explanation:
Consider two college roommates, one who smokes and one who does not. The smoker wishes to smoke in the room, and the nonsmoker dislikes smoking in the room. Suppose the smoker would be willing to pay $500 to be allowed to smoke in the room during the semester, and the nonsmoker would be willing to pay $600 to keep the room smoke-free. What should happen in the socially optimal outcome
Answer:
The socially optimal outcome is that there will be no smoking in the room.
Explanation:
The above answer is based on the willingness of the nonsmoker to ensure that no smoking happens in the room. For instance, the nonsmoker can pay off the smoker, paying $600 to dissuade him from smoking in the room. On the contrary, the smoker is only willing to cough out $500, which is less than $600, in order to smoke in the room. Under social optimality, the nonsmoker wins this game.
The Fed threw a lot of money at the financial crisis in 2008 to unfreeze credit markets and encourage economic activity. As part of its effort to keep the interest rate low, the Fed purchased government bonds worth $300 billion between March and September 2009. By October, the Fed held $770 billion in government securities, nearly double its pre-crisis total. Before the crisis, the Fed held mainly government securities, which it used to control the quantity of money in the economy. Now government securities make up just 35% of the Fed's balance sheet.
Explain how the Fed uses its government securities to control the nominal interest rate
When the Fed purchases government securities, bank reserves ______ and bank deposits ______.
A. increase; increase
B. decrease; increase
C. decrease; decrease
D. increase; decrease
Answer:
D. increase; decrease
Explanation:
$2200; increased; 300
Critical Chain Project Management (CCPM) attempts to keep the most highly demanded resource busy on critical chain activities, but not overloaded.
a. True
b. False
Answer:
True
Explanation:
Critical-Chain
This was introduced or originated by Eli Goldratt in 1997. Its aim is to challenges conventional project management approaches and absolute dependence on TOC principles. The idea of what to change or eliminated is the largely rooted behaviors that is common with the traditional project management practices. It is very multitasking anf it is the longest string of reliance that occur on the project.
Critical- Chain Approach
This approach simply covers project network as it ca be limited by both resource and technical reliance/dependencies. each type of limitations can create task reliance.
The Summary of Critical Chain Approach
1.) use Aggressive but Possible Times (ABPT) for task durations
2.) identify the critical chain by accounting for resource dependencies
3.) use buffer management to track project progress etc.
Rivalry-related competitive pressures are being intensified by the efforts of rivals to expand their product lines and offer wider selection to those people who wear performance-based yoga and fitness apparel.
a. True
b. False
Answer:
True
Explanation:
The pressure that are competitive are considered to be intensified via the competitors efforts in order to diversify the product lines and the other things at the wider area that wore the performance based yoga and the apparel related to the fitness
So as per the given statement, the statement is true
hence, the option a is correct
Ormand Organic Grocery has invested in a yogurt stand for its store. The investment cost the company $100,000. Variable materials, preparation, and marketing costs are expected to be $1.30 per unit and fixed costs are estimated at $7,400 a year. If actual sales were 21,400 servings, what would the ROI be using the sales price of $2.40
Answer:
15.4%
Explanation:
Calculation to determine what would the ROI be
ROI=[ ( $2.40 - $1.30) * 21,400 - $7,400]/100,000
ROI=($1.1 * 14,000)/100,000
ROI=$15,400/100,000
ROI=0.154*100
ROI=15.4%
Therefore the ROI would be 15.4%
Bill’s Mechanical Devices Inc. produces robots for the automotive industry. If its average variable costs are given by AVC = 25, its fixed costs are $2,500, and it charges $75 a robot, what is Bill’s break-even level of output?
Answer:
50 units
Explanation:
The computation of the break even level of output is given below:
TVC = AVC × Q
= 25 × Q
Total cost is
= TVC + FC
= 25Q + $2,500
Total revenue is
= P × Q
= 75Q
Now in Break even
TR = TC
75Q = 25Q + $2,500
Q = $2,500 ÷ 50Q
= 50 units
Derek decides to buy a new car. The dealership offers him a choice of paying $600.00 per month for 5 years (with the first payment due next month) or paying some amount today. He can borrow money from his bank to buy the car. The bank requires a 5.00% interest rate. What is the most that he would be willing to pay today rather than making the payments
Answer:
PV= $31,794.12
Explanation:
Giving the following information:
Monthly payment= $600
Number of months= 5*12= 60 months
Interest rate= 0.05/12= 0.004167
To calculate the present value of the monthly payments, we need to use the following formula:
PV= A*{(1/i) - 1/[i*(1 + i)^n]}
A= monthly payments
PV= 600*{(1/0.004167) - 1/ [0.004167*(1.004167^60)]}
PV= $31,794.12
Suppose that many stocks are traded in the market and that it is possible to borrow at the risk-free rate, rƒ. The characteristics of two of the stocks are as follows: Stock Expected Return Standard Deviation A 10 % 25 % B 18 % 75 % Correlation = –1 a. Calculate the expected rate of return on this risk-free portfolio? (Hint: Can a particular stock portfolio be substituted for the risk-free asset?) (Round your answer to 2 decimal places.) b. Could the equilibrium rƒ be greater than 12.00%?
Answer:
a. The expected rate of return on this risk-free portfolio is 12%.
b. No, the equilibrium rƒ CANNOT be greater than 12.00%. This is because the equilibrium rƒ must be equal to the expected rate of return on this risk-free portfolio.
Explanation:
Given:
The characteristics of two of the stocks are as follows:
Stock Expected Return Standard Deviation
A 10% 25%
B 18% 75%
Correlation = –1
a. Calculate the expected rate of return on this risk-free portfolio?
SDA = Standard Deviation of Stock A = 25%, or 0.25
SDB = Standard Deviation of Stock B = 75%, or 0.75
WA = Weight of Stock A = ?
WB = Weight of Stock B = (1 - WA)
Portfolio standard deviation = (WA * SDA) – ((1 - WA) * SDB) = (WA * 0.25) – ((1 - WA) * 0.75)
With a perfect negative correlation, Portfolio standard deviation has is taken to be zero. Therefore, we have:
0 = (WA * 0.25) - ((1 - WA) * 0.75)
0 = 0.25WA - (0.75 - 0.75WA)
0 = 0.25WA - 0.75 + 0.75WA
0.75 = 0.25WA + 0.75WA
WA = 0.75
Therefore, we have:
WB = 1 - WA = 1 - 0.75 = 0.25
Portfolio expected rate of return = (WA * Expected Return of Stock A) + (WB * Expected Return) = (0.75 * 10%) + (0.25 * 18%) = 0.12, or 12.00%
Therefore, the expected rate of return on this risk-free portfolio is 12%.
b. Could the equilibrium rƒ be greater than 12.00%?
No, the equilibrium rƒ CANNOT be greater than 12.00%. This is because the equilibrium rƒ must be equal to the expected rate of return on this risk-free portfolio.
Oxford Company uses a job order costing system. In the last month, the system accumulated labor time tickets total $24,600 for direct labor and $4,300 for indirect labor. How are these costs recorded
Answer:
Debit : Work in Process - Direct Labor $24,600
Debit : Work in Process - Indirect Labor $4,300
Credit : Salaries and Wages Payable $28,900
Explanation:
The Journal entry accumulated costs in work in process as shown above.
