Media selection problems can maximize exposure quality and use the number of customers reached as a constraint, or maximize the number of customers reached and use exposure quality as a constraint. Thus the statement is True.
What is Media?Media is referred to as a medium of communication used to exchange information about events happening in the world. This provides information about the issues and challenges rising in the world and creates awareness among the public.
These issues can utilize the number of customers reached as a limitation and can enhance exposure quality by determining how commonly to use each media source. The value of the objective function will be modified by the dual price sum of the restrictions.
Therefore, the statement is True.
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Variable versus absorption costing Colorado Business Tools, manufactures calculators. Costs incurred in making 9,500 calculators in February included 29,450 of fixed manufacturing overhead. The total absorption cost per calculator was $10.25.
Required:
a. Calculate the variable cost per calculator.
b. The ending inventory of pocket calculators was 750 units higher at the end of the month than at the beginning of the month. By how much and in what direction (higher or lower) would operating income for the month of February be different under variable costing than under absorption costing?
c. Express the pocket calculator cost in a cost formula.
Answer:
Variable cost per unit = 7.15
Difference in profit = $2,325
Cost formula : Y = 3.1 + 7.15X
Explanation:
Variable cost per calculator =Full cost - Fixed cost per unit
Full cost= $10.25
Fixed cost per unit = Total fixed costs / Number of units
= $29,450/9,500 units= 3.1
Variable cost per calculator = $10.25 - 3.1 = 7.15
Difference in profit = OAR (fixed cost per unit)× change in inventory
= 3.1 × 750 = $2,325
The absorption costing profit would be higher if there is an increase in increase at the end of the period and vice versa. Hence , an increase in inventory by 750 units would mean that absorption costing profit is higher by $2,325
Cost of calculator
Y = a +bx
Y = 3.1 + 7.15X
Y- total cost per unit
Fixed cost per unit = 3.1
Variable cost per unit = 7.15
Variable cost per unit = 7.15
Difference in profit = $2,325
Cost formula : Y = 3.1 + 7.15X
On July 9, Mifflin Company receives a $8,600, 90-day, 12% note from customer Payton Summers as payment on account. What entry should be made on July 9 to record receipt of the note
Answer:
Mifflin Company
Journal Entry:
Debit Notes Receivable (Payton Summers)$8,600
Credit Accounts Receivable (Payton Summers)$8,600
To record the receipt of a 90-day, 12% note.
Explanation:
Mifflin Company uses this journal entry to record the receipt of a note receivable from Payton Summers in payment on account. This effectively transfers the debit from Accounts Receivable account to a Notes Receivable account. By this action, the debt is formalized while Mifflin Company is now able to charge interest on the unsettled balance at the agreed rate per annum.
Which of the following is one of the seven website design elements that marketers can use to produce an effective customer experience online?A. consistencyB. collaborationC. commercializationD. commerceE. creativity
Answer:
D
Explanation:
The Answer is Commerce
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Suppose that a museum of modern art discovers the following: adults are willing to pay $20 per ticket to see a Monet exhibit. Students are willing to pay less; 60% of students have WTP of $15, and 40% are willing to pay up to $10. There are no marginal costs to allowing more viewers into the museum. The museum manager decides to set the regular price at $20, and offer a student discount. What discount should it offer?
Answer:
50%
Explanation:
From the question we have here
If adults would pay 20$
Out of a 100% students:
60% would pay 15
40% would pay 10
If regular price = 20$
We are required to find discount
Discount = (20 - 10)/20 x 100
Discount = 0.5 x 100
Discount = 50%
The museum should offer 50percent discount.
The common stock of Flavorful Teas has an expected return of 19.65 percent. The return on the market is 14.5 percent and the risk-free rate of return is 4.2 percent. What is the beta of this stock?
Answer:
beta= 1.5
Explanation:
The common stock of flavorful tea has an expected return of 19.65%
The return on the market is 14.5%
The risk-free rate is 4.2%
Therefore, the beta of the stock can be calculated as follows
Required return= Risk free rate+beta(market rate-risk free rate)
19.65%= 4.2%+beta(14.5%-4.2%)
19.65%= 4.2% + 14.5beta-4.2beta
19.65%= 4.2% + 10.3beta
19.65%-4.2%= 10.3beta
15.45%= 10.3beta
beta= 15.45/10.3
beta= 1.5
Hence the beta of this stock is 1.5
You want to make a one-time deposit today that will increase in value to $100 at the end of this year. Which rate of interest will allow you to deposit the least amount today to reach this goal
Answer:
The rate of interest is 11.111%
The Deposit should be $90 today.
The future value at the end of this year will be $100.
Explanation:
Future value of $100
Present value of $100 at 11.111% = $100/11.111 = $90
The future value of a deposit today is the value after a period of one year or so periods. The rate of interest produces the discount factor that can calculate the present value of $100. To make a one-time deposit of $90 today will increase in value to $100 using an interest rate of 11.111%.
When gasoline gallons are priced in terms of number of seashells, seashells serve as: Group of answer choices
Answer:
Unit of account
Explanation:
Money serves three functions :
1. Unit of account : money serves the function of determining the value of a good or service. It is usually assumed that goods that are more highly priced are more valuable that goods that have lower prices
2. Medium of exchange : goods and services can be exchanged for money. For example, if I want to buy a gallon of gasoline and pay 4 seashells, money has served as a medium of exchange.
3. store of value: money can be saved, retrieved and exchanged sometimes in the future
Highly liquid assets: A. include all intangible assets. B. generally produce a high rate of return. C. increase the probability a firm will face financial distress. D. appear on the right side of a balance sheet. E. can be sold quickly at close to full value.
Answer:
E. can be sold quickly at close to full value.
Explanation:
Highly liquid assets are assets that can be sold quickly at close to full value. They are assets that can be easily converted to cash. Cash is the most liquid asset.
What's the present value of $4,500 discounted back 5 years if the appropriate interest rate is 4.5%, compounded semiannually?
Answer:
The present value = $3,602.30
Explanation:
To calculate this, we will use the formula for calculating the future value for an amount invested, compounded semiannually at a certain interest rate. This is done as follows:
[tex]FV\ =\ PV(1+\frac{r}{n})^{(n\times t)}\\[/tex]
where:
FV = Future value = $4,500
PV = Present value = ??
r = interest rate = 4.5% = 4.5/100 = 0.045
n = number of compunding period per year = semiannually = 2
t = time = 5
[tex]4,500\ =\ PV(1+\frac{0.045}{2})^{(2\times 5)}\\\\4,500 = PV( 1+0.0225)^{10}\\4,500 = PV(1.0225)^{10}\\4,500 = PV (1.249203)\\Dividing\ both\ sides\ by\ 1.249203\ and\ making\ PV\ the\ subject\ of\ the\ formula\\\PV = \frac{4,500}{1.249203} \\PV= 3,602.297[/tex]
Therefore, the present value = $3,602.30
Companies Heidee and Leaudy are virtually identical in that they are both profitable, and they have the same total assets (TA), Sales (S), return on assets (ROA), and profit margin (PM). However, Company Heidee has the higher debt ratio. Which of the following statements is CORRECT?a. Company Heidee has a lower operating income (EBIT) than Company LDb. Company Heidee has a lower total assets turnover than Company Leaudy.c. Company Heidee has a lower equity multiplier than Company Leaudy.d. Company Heidee has a higher fixed assets turnover than Company Leaudy.e. Company Heidee has a higher ROE than Company Leaudy.
Answer:
Correct Answer:
e. Company Heidee has a higher ROE than Company Leaudy.
Explanation:
Return on Equity, (ROE) is a ratio that provides investors with insight into how efficiently a company and more specifically, its management team is handling the money that shareholders have contributed to it. That is, it measures the profitability of a corporation in relation to stockholders' equity.
Company Heidee has the higher debt ratio shows that the ROE is very high. This shows that the investors money in Company Heidee is well managed in the business.
Tri-Coat Paints has a current market value of $41 per share with earnings of $3.64. What is the present value of its growth opportunities (PVGO) if the required return is 9%? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answer:
$0.56
Explanation:
Tri-coat paints has a current market value of $41 per share
They also have an earning of $3.64
The required return is 9%
= 9/100
= 0.09
Therefore, the present value of its growth opportunities can be calculated as follows
= $41-($3.64/0.09)
= $41-40.44
= $0.56
Hence the present value of its growth opportunities is $0.56
According to information found on the production analysis page of the Inquirer, Chester sold 1127 units of Cute in the current year. Assuming that Cute maintains a constant market share, all the units of Cute are sold in the Nano market segment and the growth rate remains constant, how many years will it be before Cute will not be able to meet future demand unless the company adds production capacity
Answer:
1 year
Explanation:
Since it is mentioned that there is a constant market share, also the growth rate is also same so for meeting the future demand, the time period that would be considered is one year as the company should added its production capacity so that it could be in a position to meet the demand else the company is not able to meet its future demand
Hence, year 1 is considered
Quantitative Problem 1: Assume today is December 31, 2017. Barrington Industries expects that its 2018 after-tax operating income [EBIT(1 – T)] will be $450 million and its 2018 depreciation expense will be $65 million. Barrington's 2018 gross capital expenditures are expected to be $110 million and the change in its net operating working capital for 2017 will be $30 million. The firm's free cash flow is expected to grow at a constant rate of 4.5% annually. Assume that its free cash flow occurs at the end of each year. The firm's weighted average cost of capital is 9%; the market value of the company's debt is $3 billion; and the company has 180 million shares of common stock outstanding. The firm has no preferred stock on its balance sheet and has no plans to use it for future capital budgeting projects. Using the free cash flow valuation model, what should be the company's stock price today (December 31, 2017)? Do not round intermediate calculations. Round your answer to the nearest cent. $ per share
Answer:
$29.630
Explanation:
For computation of stock price first we need to follow some steps which is shown below:-
Free cash flow = EBIT (1 - T) + Depreciation - Capital expenditure - Working capital
= $450 million + $65 million - $110 million - $30 million
= $375 million
Value of firm = Free cash flow ÷ (WACC - Growth)
= $375 million ÷ (9% - 4.5%)
= $375 million ÷ 0.045
= $8,333.33 million
Value of equity = Value of firm - Value of debt
= $8,333.33 million - $3,000 million
= $5,333.33 million
Stock price = Value of equity ÷ Outstanding shares
= $5,333.33 million ÷ 180 million
= $29.630
A report stating whether the company has complied with restrictive covenants related to officer compensation and payment of dividends contained in a bank loan agreement.
Answer: An attestation service other than an audit service
Explanation:
Attestation services is simply when a conclusion is made on the financial statement of an organization or a company by a certified public accountant.
Therefore, it will be a report stating whether the company has complied with restrictive covenants related to officer compensation and payment of dividends contained in a bank loan agreement.
An American-style call option with six months to maturity has a strike price of $35. The underlying stock now sells for $43. The call premium is $12. What is the intrinsic value of the call
Answer:
$8
Explanation:
An American style call option has a strike price of $35
The underlying stock now sells for $43 in the market
The call premium is $12
Therefore, the intrisic value of the call can be calculated as follows
Intrisic value= Market price - strike price
= $43-$35
= $8
Hence the intrinsic value of the call is $8
Fitness Bands Corporation gathered the following information for Job #928: Standard Total Cost Actual Total Cost Direct materials Standard: pints at /pint Actual: pints at /pint What is the direct materials quantity variance?
Question:
standard total cost Actual total cost
Direct material
Standard 2000 pints $3.50/pint $7,000
Actual 2,500 pints $5.00/pint $12,000
Answer:
Materials quantity variance= $1,750 unfavorable
Explanation:
Material quantity variance occurs when the actual quantity used to achieved a given level of output is more or less than the standard quantity.
It is determined by the difference between the actual and standard quantity of material for the actual level of output multiplied by the the standard price
pints
Standard quantity allowed 2,000
Actual quantity used 2,500
Quantity variance 500 unfavorable
Standard price $3.50
Materials quantity variance 1,750 unfavorable
Materials quantity variance= $1,750 unfavorable
Which of the following acts requires that a trustee be appointed for sales of bonds, debentures, and other debt securities of public corporations?
a. Securities Investor Protection Act
b.Trust Indenture Act
c. Investment Company Act
d. Investment Advisors Act
Answer:
The correct answer is the option B: Trust Indenture Act.
Explanation:
To begin with, the name of "Trust Indenture Act of 1939" or TIA refers to the an american law that specifically supplements the Securities Act of 1933 and whose purpose is basically put more safety in the cases where debt securities are distributed in the United States. It does it by requiring the appointment of a suitably and totally independent trustee who is qualified and has the only job to act for the benefit of the holders of those securities, that could be bonds, debentures or others. In addition, this act is managed obviously by the same agent as the other one, the Securities and Exchange Commission
On February 1, 2020, Pat Weaver Inc. (PWI) issued 9%, $1,200,000 bonds for $1,500,000. PWI retired all of these bonds on January 1, 2021, at 105. Unamortized bond premium on that date was $126,000. How much gain or loss should be recognized on this bond retirement
Answer: Gain on bond retirement = $66,000
Explanation:
A gain on retirement of bonds occurs when a bond issuer or a corporation buys back bonds which it previously sold for an amount less than the book value of the particular liability while a loss would be recognized if the bought back bonds are more than the amount of the book value of the liability.
Book value / Carrying value = $1,200,000 + $126,000 =$1,326,000
paid at redemption = $1,200,000 x 105%= $1, 260,000
Gain on bond retirement = Book/ Carrying value -Amount paid at redemption
= $1,326,000 - $1, 260,000 = $66,000
A profit-maximizing firm in a competitive market that is producing on a production curve where the marginal product of labor is diminishing also has
Answer: A. a downward-sloping labor demand curve.
Explanation:
The labor demand curve is plotted with the quantity of labor demanded vs the real wages paid to labor. In a firm that is producing in a market with a diminishing marginal product of labor, the demand curve will be downward sloping to reflect that the more labor that a company has, the less it pays them.
This is because the extra labor is bringing in less additional revenue and so will need to be paid accordingly to reflect that as more labor is hired, the output decreases.
Spruce Ceramics produces large planters to be used in urban landscaping projects. A special earth clay is used to make the planters. The standard quantity of clay used for each planter is 24 pounds. The company uses a standard cost of $2.20 per pound of clay. Spruce produced 3,000 planters in May. In that month, 75,000 pounds of clay were purchased and used at the total cost of $162,000 Read the requirementsLOADING.... Requirement 1. Calculate the direct material price variance. Begin by determining the formula for the price variance, then compute the price variance for the direct materials. (Enter the variance as a positive number. Enter currency amounts in the formula to the nearest cent and then round the final variance amount to the nearest whole dollar. Label the variance as favorable (F) or unfavorable (U). Abbreviations used: DM = Direct materials)
Answer:
1. $3,000 Favorable
2. $6,600 Unfavorable.
Explanation:
This is an incomplete question. However, the completed part is question number 2, which has been solved below.
1. Direct material price variance
= (Actual price - Standard price) Actual quantity
= ($2.16 - $2.20) × 75,000
= -$0.04 × 75,000
= $3,000 Favorable
Note: Actual price is gotten by; $162,000 / 75,000
= $2.16
2. Direct material quantity variance
= (Actual quantity - Standard quantity) × Standard price
= (75,000 - $72,000) × $2.20
= 3,000 × $2.20
= $6,600 Unfavorable
Note: Standard quantity is gotten by;
24 × 3,000
= 72,000
Petrus Framing's cost formula for its supplies cost is $2,300 per month plus $6 per frame. For the month of March, the company planned for activity of 861 frames, but the actual level of activity was 856 frames. The actual supplies cost for the month was $7,790. The activity variance for supplies cost in March would be closest to:
Answer:
$30 Favorable
Explanation:
Calculation for the activity variance for supplies cost in March
Using this formula
Activity variance = (Actual units - Budgeted units) * Variable cost
Where,
Actual units=856
Budgeted units=861
Variable cost=$6
Let plug in the formula
Activity variance=(856-861) * $6
Activity variance=5*$6
Activity variance=$30 Favorable
Therefore the activity variance for supplies cost in March would be closest to: $30 Favorable
MacKenzie Company sold $180 of merchandise to a customer who used a Regional Bank credit card. Regional Bank deducts a 4% service charge for sales on its credit cards. MacKenzie electronically remits the credit card sales receipts to the credit card company and receives payment immediately. The journal entry to record this sale transaction would be
Answer:
DR Cash................................................ $172.8 0
DR Credit card expense.......................$7.2 0
CR Sales.................................................................... $180
Explanation:
The bank will deduct a service charge of 4% before remitting the money so;
Cash = 180 * ( 1 - 0.04)
= $172.80
Credit Card expense
= 180 - 172.80
= $7.20
Discount stores that try to keep prices as low as possible are more likely to function using ________ operations.
Answer: self service
Explanation:
Discount stores that try to keep prices as low as possible are more likely to function using self service operations.
Self-Service Operations is quite a straightforward concept whereby the individuals will have to serve themselves. An example of such is discount houses that deals with clothing.
A company decides not to pay dividends to stockholders, but the company is requested to pay interest to debt holders. What does this mean about the performance of the company?
Answer: Poor Performance
Explanation:
Options are not available but the foremost reason why a company would decline to pay dividends but still be requested to pay interest to debt holders is that they performed poorly.
Dividends are based on how much net income the company got for the period and so if a company performs poorly, they should not pay out dividends as it will put them in financial difficulty.
Interest payments however have to be paid regardless of if the company made a profit or not. So even if the company performed poorly, they would still be requested to pay interest to debt holders.
Ben and Jerry were shareholders of water ice, inc., an s corporation. On january 1, year 1, Ben owned 40 shares and Jerry owned 60 shares. Ben sold his shares to Joe for $10,000 on March 31, 2011. The corporation reported a $50,000 loss at the end of 2011. How much of the loss is allocated to Joe?
A. $12,500.
B. $10,000.
C. $20,000.
D. $15,068.
Answer:
Option D. $15,068
Explanation:
The share of Ben will 40% of the loss if he does not sells the shares which is:
Ben's Share of Loss = $50,000 * 40% = $20,000
But Ben sold his 40% to Joe on March 31, 2011. This means 90/365 days of the year, Ben owned the shares. Hence:
Ben's share of loss = $20,000 * 90/ 365 = $4,931.5
The remainder is Joe's share of loss which is:
Joe's Share of Loss = $20,000 - $4,931.5 = $15,068
Hence the option D is correct.
Moepro, Inc. is considering a fiveyear project that has an initial outlay or cost of $120,000. The respective future cash inflows from its project for years 1, 2, 3, 4 and 5 are: $55,000, $45,000, $35,000, $25,000, and $15,000. Moepro uses the internal rate of return method to evaluate projects. What is the project's IRR? A. The IRR is over 25.50%. B. The IRR is about 17.86%. C. The IRR is less than 22.50%. D. The IRR is about 19.16%.
Answer:
B. The IRR is about 17.86%.
Explanation:
The Calculation of the Project`s Internal Rate of Return (IRR) can be done using a Financial Calculator as follows ;
-$120,000 CFj
$55,000 CFj
$45,000 CFj
$35,000 CFj
$25,000 CFj
$15,000 CFj
Shift IRR 17,8557 or 17.86 % (2 decimal places)
Alpha Industries is considering a project with an initial cost of $9.1 million. The project will produce cash inflows of $1.84 million per year for 7 years. The project has the same risk as the firm. The firm has a pretax cost of debt of 5.94 percent and a cost of equity of 11.49 percent. The debt–equity ratio is .71 and the tax rate is 40 percent. What is the net present value of the project?
Answer:
NPV = $1.22 million
Explanation:
The Net present value (NPV) is the difference between the Present value (PV) of cash inflows and the PV of cash outflows. A positive NPV implies a good investment decision and a negative figure implies the opposite.
NPV of an investment:
NPV = PV of Cash inflows - PV of cash outflow
To work oit the NPV we would need to determine the discount rate i.e cost of capital as follows:
Cost of capital -discount rate -
WACC = We×Ke + Wd×Kd
After cost o debt = 5.94× (1-0.4)=3.56
WACC = (0.71×3.56 %) + (0.29×11.49%)=5.86 %
PV of cash inflow = A× (1- (1+r)^(-n))/r
A- annul cash inflow, r- 5.86%, n- 7
PV of cash inflow= 1.84 million × (1- 1.0586^(-7))/0.0586 =10.32
Initial cost = 9.1 million
NPV = 10.32 - 9.1 = 1.22 million
NPV = $1.22 million
If a bank that faces a 10% reserve ratio received a deposit of $50,000 and makes a loan to a customer for $5,000, what is the consequence if the bank then deposits the rest of the funds at the Federal Reserve?
Answer:
Excess reserve increases by $40,000
Required reserve increases by $5,000
Explanation:
In order to calculate the reserve, we need to multiply the Deposit received by a required reserve ratio.
DATA
Reserve ratio = 10%
Deposit received = $50,000
Loan to customer = $5,000
Solution
Reserve = Deposit x Required reserve ratio
Reserve = $50,000 x 10%
Reserve = $5,000
After providing a $5,000 loan to the customer and keeping $5,000 as a reserve remaining $40,000 would be deposited in the Federal Reserve.
If an applicant is not hired because the applicant has previously claimed overtime which they were owed, they are likely to be covered under the
Answer: Fair Labor Standards Act
Explanation:
The Fair Labor Act which is enforced by the US Department of Labor is meant to govern issues of remuneration in labor such as minimum wages and overtime pay. This Act applies to private workers at the Federal, State and Local levels of Government.
This Act stipulates that Overtime should be paid to an employee with certain conditions attached and if those conditions are fulfilled, the company ought to pay the employee that Overtime. If the Employee demands their overtime and is subsequently treated unfairly in hiring, the Department of Labor will be able to protect the Employee under this Act.
Identifying costs of inflation
Kyoko owns and operates a store in a country experiencing a high rate of inflation. In order to prevent the value of money in her cash register from falling too quickly, Kyoko sends an employee to the bank four times per day to make deposits in an interest-bearing account that protects the store's revenues from the effects of inflation. This is an example of the_______of inflation.
Answer:
Shoe-leather Costs.
Explanation:
In this scenario, Kyoko owns and operates a store in a country experiencing a high rate of inflation. In order to prevent the value of money in her cash register from falling too quickly, Kyoko sends an employee to the bank four times per day to make deposits in an interest-bearing account that protects the store's revenues from the effects of inflation. This is an example of the shoe-leather costs of inflation.
Inflation can be defined as the persistent rise in the price of goods and services in an economy. Generally, inflation usually causes the value of money to fall and as a result, it imposes more cost on an economy.
A Shoe-leather costs can be defined as the costs associated with time, energy and effort people expend to mitigate the effect of high inflation on the depreciative purchasing power of money by frequently visiting the bank in order to minimize inflation tax they pay on holding cash.
Figuratively speaking, in order to protect the value of money or assets, some people wear out the sole of their shoes by going to financial institutions more frequently to make deposits.
Hence, Kyoko is practicing a shoe-leather cost of inflation so as to protect the store's revenues from the effects of inflation.
