Answer:
Results are below.
Explanation:
To calculate the fixed cost under the high-low method, we need to use the following formulas:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (110,000 - 87,500) / (4,000 - 2,500)
Variable cost per unit= $15
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 110,000 - (15*4,000)
Fixed costs= $50,000
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 87,500 - (2,500*15)
Fixed costs= $50,000
Electronic Wonders reports net income of $96,500. The accounting records reveal Depreciation Expense of $50,200 as well as increases in Prepaid Rent, Accounts Payable, and Income Tax Payable of $38,500, $23,900, and $20,400, respectively. Prepare the operating activities section of Electronic Wonders' statement of cash flows using the indirect method. (Amounts to be deducted and negative values should be indicated by minus sign.)
Answer:
$152,500
Explanation:
Preparation of the operating activities section of Electronic Wonders' statement of cash flows using the indirect method
Cash flows from operating activities:
Net Income $96500
Adjustments for noncash effects:
Depreciation expense $50,200
Changes in current assets and current liabilities:
increase in accounts payable $23,900
Increase in income tax payable $20,400
Less Increase in prepaid rent ($38,500)
Net cash flows from operating activities $152,500
Therefore the operating activities section of Electronic Wonders' statement of cash flows using the indirect method is $152,500
Tiburon Corporation purchased a patent for $1,850,000 on November 30, 2018. It has a remaining legal life of 18 years. Tiburon estimates that the remaining useful life of the patent is useful life of 15 years. What balance will be reported on the December 31, 2020 balance sheet for the patent (if necessary, round your answer to the nearest dollar)
Answer:
$1,593,056
Explanation:
Calculation to determine What balance will be reported on the December 31, 2020 balance sheet for the patent
First step is to calculate the amortization amount
Amortization=$1,850,000 (cost)/ 180 months (useful life) * 25 months (November 30, 2018 - December 31, 2020)
Amortization = $256,944
Now let determine the Balance reported
Parent=$1,850,000 - $256,944
Patent= $1,593,056
Therefore the balance that will be reported on the December 31, 2020 balance sheet for the patent is $1,593,056
What is the answer?? I need help please
Answer:
B. The mixed economy.
Explanation:
An economy is a function of how money, means of production and resources (raw materials) are carefully used to facilitate the demands and supply of goods and services to meet the unending needs or requirements of the consumers.
Hence, a region's or country's economy is largely dependent on how resources are being allocated and utilized, how many goods and services are to be produced, what should be produced, for whom they are to be produced for and how much money are to be spent by the consumers to acquire these goods and services.
Basically, there are four (4) main types of economy and these are;
I. Command economy.
II. Free market economy.
III. Traditional economy.
IV. Mixed economy.
A mixed economy can be defined as a type of economy in which the government of a particular country is minimally involved in the allocation and production of goods and services while protecting the interest of the consumers and regulating the market by establishing laws.
This ultimately implies that, a mixed economy is a combination of two or more economy such as centralized economy and capitalist economy i.e the state and private sector control the economy in a country.
The receptionist at Brunt Inc. is punctual, polite, and always cheerful. The firm's employees and customers all love her. However, she has difficulty with the clerical tasks that the firm's prior receptionists handled. The receptionist's supervisor recommends redesigning the receptionist's job. That recommendation would be most appropriate in which situation?
The recommendation proposed by the supervisor would be the most adequate in a circumstance when 'The employee is highly motivated but lacks the ability, and training is not expected to help.'
In an organization, a recommendation for replacing an employee is made only when the employee fails to accomplish the required responsibility adequately. In the given situation, the receptionist despite being extremely prompt, activated, and humble fails to complete the given duties as she lacks the required skills to justify her job's position in the company. Thus, the recommendation for replacing her would be adequate as she lags behind in accomplishing the clerical tasks that play a key role in the organization's management.Learn more about 'job recommendation' here:
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You work in an office and one of your co-workers has announced his retirement. You have offered to purchase the retirement gift, so you place a collection jar in the lunch room for anonymous donations to help pay for the gift. After a week you find that very few dollars are in the jar, so you end up paying for a large share of the retirement gift. You are the victim of the:
A. common resource problem.
B. private good problem.
C. overuse of a common resource problem.
D. free-rider problem.
Answer:
D
Explanation:
The free rider problem is a form of market failure. It occurs when people benefit from a good or service of communal nature and do not pay to enjoy these services.
Because you have offered to buy the gift, fellow employees are not bound to make donations to buy the gift. This is because regardless of if donations are made, you would still purchase the gift
Short Answer Questions What is a public enterprise? Explain the main features of public enterprises. 1.
Answer:
A business organization wholly or party owned by the state and controlled through a public authority is called public Enterprise.
Government ownership and control,main motive of service,autonomy,continuity is one feature of public Enterprise.
An investor owned a 100-acre parcel that contained several natural asphalt lakes. A construction company was erecting highways for the state in the vicinity of the investor's land and needed a supply of asphalt. The investor executed a document that, in return for a payment of $1 per barrel, gave the company the right to enter on the land and take asphalt in whatever quantities the company desired. The investor reserved the right to remove asphalt herself and to grant this right to others. Last year, the state commenced an action in eminent domain to take the investor's land for a public park. Is the construction company entitled to compensation
Answer: Yes
Explanation:
The construction company is entitled to compensation because it has a property right to enter and remove minerals.
The investor gave the construction company the right to use the properties on the land, if anything would be done on the land, the construction company should be compensated because they bought the right to do business there. Since the owner granted them the sole right, they are entitled to the resources.
Under this kind of program, cities demolished poor neighborhoods in city centers that occupied potentially valuable real estate; in its place were constructed retail centers and all-white middle-income housing complexes. a.white flight b.neighborhood stabilization program c.urban renewal d.suburbs
The description explained depicts urban renewal.
Urban renewal were the policies that were out in place to enable housing authorities and local governments to demolish the neighborhoods that were considered to be blighted and poor and then replace such neighborhoods with real estate that were more valuable and were usually reserved for the white people.
Houses that were seen to be slums were destroyed and newer and fascinating neighborhood were constructed.
In conclusion, the correct option is C "urban renewal".
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Tammy is talented at craft but lacks the cash flow management skills required to run a business. She opens a store, Tammy's Craft Corner, with the help of her son David - a business major - who manages the budgets and expenses of the business. David prepares the quarterly budget and maintains a company book for recording all transactions. The company book balance that David regularly updates is the sum of:
Answer:
who the hell keeps helping novice businesses people open up? - a business major - yeah the last two were too.
Explanation:
Summary? Left over cash?
. Susan recently came to her manager, Andrea, with a sexual harassment complaint. A coworker Susan used to date is continuing to bother her even though they broke up several months ago. Andrea took appropriate steps to help Susan get the complaint resolved, but she feels a little bit uncomfortable with Susan now that she knows such personal information about her. When her team decides to go to lunch, she does not invite Susan the way she usually does. How could Susan perceive these actions
Susan will perceive these actions as Retaliation
Retaliation is a form of revenge and this tend to occurs in a situation where a person is been punished for complaining about been assaulted or harassed especially in a workplace.
Example an employee may complain about been harassed in his or her workplace to his or her employer in which the employee may be punished for making such complaint by either be demotated or have his or her appointment terminated among others.
In conclusion Susan will perceive these actions by her manager as Retaliation.
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Your clients, spouses Jared and Joaquim, are both 33 years old. They are concerned about saving money for a down payment on a home. Currently they have $120,000 set aside for that purpose. They plan to start a family in about a year and would like to buy the home in six months. The amount they have saved is more than 20% of the value of the homes in the area they want to move. They look to you for a place to save the money until they need it. Which of the following is the most suitable recommendation for the couple?
A) A 26-week T-bill
B) The Windmill Growth Fund
C) The Oldtime Life Insurance Company Variable Annuity
D) The Benji Money Market fund
Answer:
) The Oldtime Life Insurance Company Variable Annuity
"Monetary policy can be described either in terms of the money supply or in terms of the interest rate." This statement amounts to the assertion that a. the activities of the Federal Reserve’s bond traders are irrelevant if the Federal Reserve decides to target an interest rate. b. our analysis of monetary policy is not fundamentally altered if the Federal Reserve decides to target an interest rate. c. changes in monetary policy aimed at expanding aggregate demand can be described either as increasing the money supply or as increasing the interest rate. d. rightward shifts of the money-supply curve cannot occur if the Federal Reserve decides to target an interest rate.
Answer:
b
Explanation:
The monetary policy is not fundamently altered
A landowner owned a large piece of property containing an inn and a bakery. She entered into a contract to sell the property to a purchaser for $1 million. The contract was recorded. The purchaser gave the landowner $200,000 as earnest money. The closing date was set for September 10, two months after the signing of the contract. On August 10, an arsonist set fire to the inn, which burned to the ground. On September 10, the landowner appeared at the closing and tendered the deed to the property. The buyer refused to tender the remaining $800,000 of the purchase price and demanded the return of his earnest money. The landowner sued the buyer for specific performance of the contract. The buyer countersued for the return of his earnest money. Both parties stipulate that the value of the property without the inn is $600,000, that insurance on the property had lapsed, and that the common law, unmodified by statute, applies. What is the most likely result at trial
Answer:
The most likely result at trial is that the landowner's claim for specific performance will be successful, and she will be awarded the entire price of contract.
Explanation:
When there isn't a statute, the buyer bears the risk of loss when property subject to a contract for sale is destroyed without fault of any party prior to the date specified for closing. Unless the contract specifies otherwise, the buyer must pay the contract price even if the property is damaged by fire.
The inn was burned down in this case after the landowner and the buyer signed a contract for the sale of the property, but before the closing date. The contract appears to be silent on the risk of loss, and no appropriate statute exists. As a result of the common law rule, the buyer bears the risk of loss. Therefore, the landowner has the right to particular execution of the contract, which implies that the entire stipulated contract price must be paid by the buyer.
Regardless of the property's drop in worth owing to the fire, the $1 million contract price must be paid by the buyer because he bears the risk of loss.
Therefore, the most likely result at trial is that the landowner's claim for specific performance will be successful, and she will be awarded the entire price of contract.
Y Corporation's password protection policy requires all employees to change their passwords every week. Because of this requirement, technical support spent a significant amount of time solving password problems for employees who forgot their passwords. To increase efficiency, the CEO of Y Corporation canceled the policy and subsequently required employees to change their passwords once a year
a. collusion
b. management override
c. external events beyond an organization's control
d. unsuitable objectives for internal control
e. human error
f. cost v. benefit
The following information is available for Coronado Company: Sales Revenue $389600 Freight-In $29300 Ending Inventory 37400 Purchase Returns and Allowances 14500 Purchases 269500 Beginning Inventory 45300 Coronado's cost of goods sold under a periodic inventory system is
Answer:
$262,900
Explanation:
Net purchases = Purchases - Purchase return and allowances
Net purchases = 269500 - 14500
Net purchases = $255000
Cost of goods available for sale = Beginning Inventory + Net Purchases
Cost of goods available for sale = 45300 + 255000
Cost of goods available for sale = $300300
Cost of Goods sold = Cost of goods available for sale - Ending inventory
Cost of Goods sold = 300300 - 37400
Cost of Goods sold = $262,900
So, Coronado's cost of goods sold under a periodic inventory system is $262,900.
You want to invest in a riskless project in Sweden. The project has an initial cost of SKr3.86 million and is expected to produce cash inflows of SKr1.76 million a year for three years. The project will be worthless after three years. The expected inflation rate in Sweden is 3.2 percent while it is 2.8 percent in the U.S. A risk-free security is paying 4.1 percent in the U.S. The current spot rate is SKr7.7274. What is the net present value of this project in Swedish krona if the international Fisher effect applies
Answer:
Skr 978,177
Explanation:
The computation of the net present value is given below:
Given that
Inflation in USA = 2.80%
The Nominal rate in USA = 4.10%
As we know that
Real rate = Nominal rate - inflation
Real rate = 4.10% - 2.80%
= 1.3%
Now nominal rate in Sweden should be
= Real rate + Inflation
= 1.3% + 3.20%
= 4.50%
Net present value = initial outlay + Present value (Cash Flow)
NPV(in SKr million) = -3.86 + 1.76 ÷ (1+0.045) + 1.76 ÷ (1+0.045)^2 + 1.76 ÷ (1+0.045)^3
= -3.86 + 4.838177
= 0.978177 million
= Skr 978,177
When there are economies of scale, (1pts) Question 12 - When there are economies of scale, Select d) output does not affect per-unit costs as your answer d) output does not affect per-unit costs Select a) per-unit costs increase as output increases as your answer a) per-unit costs increase as output increases Select b) per-unit costs decrease as output increases as your answer b) per-unit costs decrease as output increases Select c) per-unit costs are constant as output increases as your answer c) per-unit costs are constant as output increases
Answer:
per-unit costs decrease as output increases
Explanation:
In simple words, Economies of scale can be understood s the cost benefits that businesses receive as a result of their size of operation. As the expense per unit of production decreases because scale increases. Because expenses are dispersed among a greater quantity of items this occurs.
Thus, from the above we can conclude that the correct option is B.
all three levels of profession are required to run an organisation or a business is uniquely justify this statement
Answer:
The key to a successful organization is to have a culture based on a strongly held and widely shared set of beliefs that are supported by strategy and structure. When an organization has a strong culture, three things happen: Employees know how top management wants them to respond to any situation, employees believe that the expected response is the proper one, and employees know that they will be rewarded for demonstrating the organization's values.
HR has a vital role in perpetuating a strong culture, starting with recruiting and selecting applicants who will share the organization's beliefs and thrive in that culture. HR also develops orientation, training and performance management programs that outline and reinforce the organization's core values and ensures that appropriate rewards and recognition go to employees who truly embody the values.
This article covers the following topics:
The importance of having a strong organizational culture.
HR's role in fostering a high-performance culture.
Definitions of organizational culture.
Factors that shape an organization's culture.
Considerations in creating and managing organizational culture.
HR practices to ensure the continuity and success of an organization's culture.
Communications, metrics, legal, technology and global issues pertaining to organizational culture.
Explanation:
Why must successful managers recognize opportunities and threats in their company external environment? a. If they identify all of the environmental threats, they are guaranteed to acquire large market share. b. If they identify all of the environmental opportunities, they are guaranteed to acquire large market share. c. If they misread the market, they are likely to become rich. d. If they miscalculate the market, opportunities will be lost.
Answer:
d. If they miscalculate the market, opportunities will be lost.
Explanation:
The external environment is the environment that cannot control by the organization. It can be in form of opportunities and threats which company have to take care off
So in the case when the managers recognize these things in the external environment so this means if they didnot calculate the market properly so the opportunities could be lost due to which they cant capture the market share of the market and the competitor took this advantage,
Piper Inc. is a large cosmetics company that made an initial small investment in a start-up company, Oscorp, which was developing an organic face lotion. This gave Piper controlling interests in the start-up company. However, Oscorp soon began to have financial difficulties because of principal-agent problems. As a result, Piper did not invest in the next stage of development and pulled out of the company. This approach to strategic alliance is referred to as a
Answer:
a real-options perspective
Explanation:
A real-options strategy or perspective regarding investments is carried out when the investor is not sure that the results will be positive or not. For example, investing in a startup is always risky since the chances of success are not very high. The investor will keep investing only as long as the results are positive. It is like investing in tranches.
For the year ended December 31, 2021, Norstar Industries reported net income of $965,000. At January 1, 2021, the company had 1,070,000 common shares outstanding. The following changes in the number of shares occurred during 2021: Apr. 30 Sold 85,000 shares in a public offering.May 24 Declared and distributed a 5% stock dividend.June 1 Issued 96,000 shares as part of the consideration for the purchase of assets from a subsidiary.Required:Compute Norstar's earnings per share for the year ended December 31, 2021. (Enter your answers in thousands. Round "EPS" answer to 2 decimal places. Do not round intermediate calculations.) Numerator = ? Denominator = ?Earnings per share = ?
Answer:
0.78
Explanation:
The computation of the earning per share is given below;
= $965,000 ÷ 1,239,000
= 0.78
The 1,239,000 comes from
= 1,070,000 × 12 ÷ 12 + 85000 × 8 ÷ 12 + 96,000 × 7 ÷ 12 + (1,070,000 + 56,667) × 5%
= 1,070,000 + 56,667 + 56,000 + 56,333
= 1,239,000
JPL Company has two segments - Retail and Commercial. The Retail segment has a contribution margin ratio of 40% and traceable fixed expenses of $70,000. Commercial has traceable fixed expenses of $50,000 and a contribution margin ratio of 55%. The company also has $30,000 of common fixed expenses. The break-even point in dollar sales for the Retail segment equals: Multiple choice question. $212,500 $116,667 $175,000 $250,000
Answer:
$175,000
Explanation:
Calculation to determine what The break-even point in dollar sales for the Retail segment equals:
Using this formula
Break-even point in dollar sales =Traceable fixed expenses/Contribution margin ratio
Let plug in the formula
Break-even point in dollar sales =$70,000 / 40% Break-even point in dollar sales = $175,000
Therefore The break-even point in dollar sales for the Retail segment equals:$175,000
write how one can become a skillful manager
Answer:
One can become a skillful manager with general knowledge and people skills
Explanation:
Every manager has indaviduals working under him or her, so they need to be able to communicate with their subordinates. Thats is where the people skills comes into play. Additionally, every manager needs to know alot about what they are managing, depending on if they are managing a product, or a shift at a restaurant, they need to know how things operate. This usually comes with expeirence. The third skill that every manager needs is problem solving. When a problem arises, it is a managers job to fix problems or delagte tasks to people to fix problems.
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Meili's employer distributes checks at the end of each quarter, representing an equitable portion of 5 percent of the company's pretax profits for the previous quarter. These are ________checks. Group of answer choices pay for knowledge gainsharing bonus pay for performance profit sharing
Answer:
profit sharing
Explanation:
profit-sharing plan can be regarded as retirement plan which is designed to let an employee to have a share in the profits of a firm. In this particular plan some percentage of the profit made by the company,firm can be received by the employee using the quarterly or annual earnings of the employee as the basis.
What’s a good starter?
State any four uses of funding in a new business
Answer:
Some of these funding options are for Indian business, however, similar alternatives are available in different countries.
Bootstrapping your startup businessCrowdfunding As A Funding OptionGet Angel Investment In Your StartupGet Venture Capital For Your BusinessSelect all the correct answers. Which two research options are examples of secondary sources? Select all the correct answers.
Answer:
Research studies, Case studies, Books, Information from organization's database.
Explanation:
The secondary sources are defined as the sources that is used to describe or summarize or discuss the information and the details which is originally presented in the other sources. It provides a good overview of the topic or the subject that we are studying or doing a research.
Some of the secondary researches during a research process are :
Research studies, Case studies, Books, Information from organization's database.
An employee was suspended for two weeks for drug use. Six months later, the employee was fired from the job because her productivity did not show any improvement even after undergoing treatment for drug use. Which form of discharge did the employee experience
Kelley is a plant manager for O'Donnell Industries, Inc. Though she spends time performing all management functions, she is mostly tasked with tactical planning and controlling. Kelley's position would be classified as part of O'Donnell's __________ management.
Answer:
Middle Management.
Which type of insurance covers preventive care and medical treatment?
