A decrease in the fixed asset turnover ratio from 3.0 to 2.2 indicates a.an unfavorable change in the efficiency of using fixed assets to pay down debt. b.an unfavorable change in the efficiency of using cash to generate sales. c.a favorable change in the efficiency of using fixed assets to generate sales. d.an unfavorable change in the efficiency of using fixed assets to generate sales.
Answer:
d.an unfavorable change in the efficiency of using fixed assets to generate sales.
Explanation:
Since as we can see in the given situation that there is the reduction in the fixed asset turnover ratio i.e. it is reduced from 3 to 2.2 this means that there is a change i.e. unfavorable or non-favorable with respect to the efficiency of applying the fixed asset in order to producing or generating the sales
Therefore the option d is correct
Flowers, a married taxpayer, purchased an annuity for $64,400 that will pay $700 per month over the life of Flowers and Flowers' spouse. At the time of purchase the couple's joint life expectancy was 23 years. Flowers received payment beginning April 1, year 1, amounting to $6,300 in the first year of the annuity contract. How much is includible in Flowers' gross income in the first year
Answer:
Explanation:
$6,300ANSWER: C. $4200
23 x 12 x 700= 193,200
64,400/193200=0.333
700*0.333 = 467 = 467*9= $4203
Industry value chains Multiple choice question. generally have little effect on the company's cost competitiveness and customer value proposition. include both suppliers and forward channel partners. do not take into consideration the buyer or end-user value chain. tend to be highly similar across industries.
Answer:
include both suppliers and forward channel partners.
Explanation:
An industry value chain can be defined as a physical representation of all of the activities and processes undertaken by a company or business firm for the manufacturing of goods and services, especially starting with the purchase of raw materials, manufacturing of finished goods and then ending with the delivery of the finished goods (products) to the market and consumers through a supply chain.
This ultimately implies that, industry value chains include both suppliers and forward channel partners.
In conclusion, an industry value chain should comprise of the margins of suppliers, value-creating activities and processes, costs, and forward channel partners.
General managers should take an active role in decisions about information systems. This is vital because: e) Information systems are normally incongruent with business strategies. a) The IS department cannot be trusted to make good decisions. b) The IS department has not been trained to make general business decisions. d) Information systems are designed to support business objectives. c) The IS department does not have the company’s best interests as its focus.
Answer:
d) Information systems are designed to support business objectives.
Explanation:
Information system can be defined as a set of components or computer systems, which is used to collect, store, and process data, as well as dissemination of information, knowledge, and distribution of digital products.
Generally, it is an integral part of human life because individuals, organizations, and institutions rely on information systems in order to perform their duties, functions or tasks and to manage their operations effectively. For example, all organizations make use of information systems for supply chain management, process financial accounts, manage their workforce, and as a marketing channels to reach their customers or potential customers.
Additionally, an information system comprises of five (5) main components;
1. Hardware.
2. Software.
3. Database.
4. Human resources.
5. Telecommunications.
Hence, general managers (GMs) are required by standard to take an active role in decisions concerning information systems (IS). This is quite essential and vital because information systems (IS) are designed to support business objectives and decisions pertaining to an organization.
A company that lacks a competitively powerful stand-alone resource Multiple choice question. will be unable to develop competencies through cross-functional efforts. may attempt to develop a competitive advantage through resource bundling. must continue searching for a resource that passes five tests of competitive power. is likely to be a failure in the marketplace.
Answer:
may attempt to develop a competitive advantage through resource bundling.
Explanation:
Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.
This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.
A company that lacks a competitively powerful stand-alone resource that would significantly propel it to the top of the market or industry it's operating in, may attempt to develop a competitive advantage over its competitors or rivals in the same industry through resource bundling and optimum use of these resources.
When planning a trip to Spain, Brett and his wife, both Americans, were concerned about how much they could afford to spend in Europe because sometimes the U.S. dollar will buy more goods and sometimes it will buy less, based on changing economic conditions. The ________ rate is the rate at which the currency of one area or country can be exchanged for the currency of another's. Group of answer choices transaction dividend exchange international fluctuation
Answer: Exchange
Explanation:
There are different currencies in the world used by different countries. We still need to trade with each other however so there must be a way for us to use our money to buy a good in a country with another currency.
We can do so by exchanging currency at a certain rate known as the exchange rate which is the rate that we can change a unit of one currency to another currency. This rate reflects the relative demand and supply factors of the various currencies such that one currency will be stronger or weaker than the other.
if you are asked to choose a profession between an agricultural expert and a veterinary doctor, which one will you choose? Give your opinion to support your choice.
Answer:doctor
Explanation:
An appraiser prepared an appraisal report in April 2019. He testified in court regarding the value of the property in January 2020. The decision was rendered in February 2020 and was appealed in April 2020. The appellate court heard the case in January 2021 and remanded the case for reconsideration by the lower court. Final disposition of the case occurred in September 2021. At a minimum, how long must the appraiser retain his workfile?
Answer: April 2024
Explanation:
Based on the information given in the question, at a minimum, the appraiser must retain his workfile till April 2024.
It should be noted that appraisal records should be kept for at least a period of 5 years. In a situation whereby there is a report which is involved in the litigation, then such file must be maintained for a further two years. This is according to the Uniform Standards for Professional Appraisal Practice Record Keeping Rule.
An all-equity new firm is developing its business plan. It will require $615,000 of assets (which equals common equity), and it projects $450,000 of sales and $355,000 of operating costs for the first year. Management is reasonably sure of these numbers because of contracts with its customers and suppliers. It can borrow at a rate of 7.5%, but the bank requires it to have a TIE of at least 4.0. The firm will use debt and common equity for financing. What is the maximum debt to capital ratio (measured as debt/total common equity) the firm can use
Answer:
51.49%
Explanation:
Calculation to determine the maximum debt to capital ratio (measured as debt/total common equity) the firm can use
First step is calculate the Interest Expense
Using this formula
Times Interest earned ratio = Earning Before Interest and Tax / Interest Expense
Let plug in the formula
4.0 = ( Sales - operating costs ) / Interest Expense
4.0 = ( $450,000 - $355,000 ) / Interest Expense
4.0 = $95,000 / Interest Expense
Interest Expense = $95,000 / 4.0
Interest Expense = $23,750
Second step is to calculate the Total Debt
Interest Expense = Total Debt * Interest on Debt
$23,750 = Total Debt *7.50%
Total Debt = $23,750 / 7.50%
Total Debt = $316,667
Now let determine the Debt ratio
Debt ratio = Total Debt / Total Assets
Debt ratio = $316,667 / 615,000
Debt ratio = 51.49%
Therefore the maximum debt to capital ratio (measured as debt/total common equity) the firm can use is 51.49%
Mr. Branson is the CEO for a social media firm and works with his office door closed. At the same time every hour he opens the door to see what his employees are doing. The employees have learned to work especially hard during the five minutes before and while the door is open. Their work pattern is typical of responses that are reinforced on a ________ schedule
Answer:
fixed-interval
Explanation:
Fixed interval schedule of monitoring by Supervisors in a workplace is the used of a fixed time to evaluate the activities that are happening in an organisation.
For example in this case Branson is at the same time every hour he opens the door to see what his employees are doing.
However they only work hard when the door opens and relax afterwards.
The main disadvantage of fixed interval schedule is that responses are high at the point of monitoring and declines afterwards.
The best option will be to use a random schedule that way the respondents will always be doing their best in case they are being monitored
Assume two economies are identical in every way except that one has a higher saving rate. According to the Solow growth model, in the steady state the country with the higher saving rate will have ______ level of output per person and ______ rate of growth of output per worker as/than the country with the lower saving rate. A. the same; the same B. the same; a higher C. a higher; the same D. a higher; a higher
Answer:
a higher; the same
Explanation:
Solow's law attempts to explain how long term productivity is affected by capital accumulation and population growth.
As population increases the steady state of capital per person decreases.
However when the rate of savings is high in the economy there will be a larger capital stock and higher output in the long run.
If the economies are identical as is stated above the the rate of growth of output per worker will be the same.
The entry to record the amortization of a premium on bonds payable on an interest payment date would Group of answer choices a debit to Premium on Bonds Payable and a credit to Interest Revenue a debit to Interest Expense and a credit to Premium on Bond Payable a debit to Interest Expense and Premium on Bonds Payable and a credit to Cash a debit to Bonds Payable and a credit to Interest Expense
Answer:
a debit to interest expense and premium on bonds payable and a credit to cash
Explanation:
Based on the information given The Appropriate journal entry to record the AMORTIZATION OF A PREMIUM ON BONDS PAYABLE ON AN INTEREST PAYMENT DATE will include: a DEBIT TO INTEREST EXPENSE and PREMIUM ON BONDS PAYABLE and a CREDIT TO CASH
Debit Interest expense
Debit Premium on bonds payable
Credit cash
(To record the amortization of premium on bonds payable on an interest payment date)
A company is considering the purchase of a new machine for $48,000. Management expects that the machine can produce sales of $16,000 each year for the next 10 years. Expenses are expected to include direct materials, direct labor, and factory overhead totaling $8,000 per year plus depreciation of $4,000 per year. All revenues and expenses except depreciation are on a cash basis. The payback period for the machine is 12 years. True False
Answer:
False
Explanation:
Annual cash inflow = Sales revenue - Cash expenses
Annual cash inflow = $16,000 - $8,000
Annual cash inflow = $8,000
Cost of machine = $48,000
Payback period = Cost of machine/Annual cash inflows
Payback period = $48,000/$8,000
Payback period = 6 years
So, the payback period for the machine is 6 years.
Which of the following statements is FALSE? A. Preferred stock cannot be converted into common stock. B. Preferred stock usually has a stated or par value but unlike bonds, this par value is not repaid at maturity because preferred stocks do not have a maturity date. C. The only time the par value of preferred stock would be paid to the shareholder is if the company ceases operations or retires the preferred stock. D. Skipped preferred dividends become a liability of the company.
Answer:
c
Explanation:
Exercise equipment manufacturer Heavyweight, Inc. has experienced disappointing financial results due to the costs associated with shipping its products to wholesalers. This is an example of a(n) ______ cost disadvantage. Multiple choice question. forward channel ally supplier-related internal impossible
Answer:
Forward channel ally
Explanation:
The distribution channel is made up of a network of different players that help in movement a good from the manufacturer to the final consumer.
It is made up of suppliers, middle men, shipping agents, wholesalers, and retailers.
Forward channel ally are the next steps in the distribution channel.
In this instance it is the shipping agent that is supposed to transfer the goods to the wholesalers.
Heavyweight, Inc experiencing disappointing financial results due to the costs associated with shipping its products to wholesalers is a example of forward channel ally cost disadvantage
difference between administrative manpower and technical manpower
The difference between the technical and administrative manpower is as follows:
Work role undertakenFocus on project or organizationType of tasks being preformedWhat is meant by manpower?Manpower is the human resource or workforce being employed on the work assigned in the organization.
Administrative manpower is engaged in planning and implementing the policies in an organization whereas technical manpower executing the tasks related to a project.Administrative manpower relates the organization as a whole while the project work is tied with the appointment of technical manpower.Administration tasks are preformed by admin manpower whereas technical and clerical tasks are initiated by technical manpower.Therefore, the comparison between both the man-powers being explained as above.
Learn more about the manpower in the related link:
https://brainly.com/question/24274205
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What would be Tipical Day for a Doctor ?
Answer:
20 patients would be tipical Day for a doctor
hope it is helpful to you
Which of these statements qualify as an unexpected expense? Your buddy, who owns the coolest computer in the world, just bought a new one and wants to sell his old one for cheap, for cash. You've got first crack at buying it. Your car insurance just went up, and you hadn't expected a bigger bill. The biggest game store is going out of business, and you'd like to pick up some absolutely awesome games at half price. You're living on your own, and your computer crashes. It has to be repaired. Your best friend is in the hospital in another city, and you need to fly to that city and head to the hospital. Which ones are unexpected expenses
Answer:
1.Insurance
2.Computer Crashes
3.Having to go to another City
Angelina hires Brad to drive a truck to a depot 200 mile away.She specifies the route that he is to take and tells him to be sure to arrive by 5:00 pm.On the way,Brad finds himself nodding off due to hunger.He checks the time and finds that he has plenty of time to make the 5:00 pm deadline so he decides to stop at a diner that he is familiar with.The diner is ¾ of a mile off of the route that Angelina had specified.Brad does not call Angelina to ask for permission.On the way to the diner,Brad runs a light and has a collision with Billy Bob.Billy Bob sues Angelina.
A) Angelina wins because Brad was on a detour, freeing her from liability
B) Angelina wins because Brad was on a frolic, freeing her from liability
C) Angelina loses because Brad was on a detour, so she is liable
D) Angelina loses because Brad was on a frolic, so she is liable
Answer: C) Angelina loses because Brad was on a detour, so she is liable.
Explanation:
Brad was acting under the employ of Angelina so Angelina will be liable for his actions while he is on duty so long as he is acting under the bounds of his employment commitments to her.
According to U.S. law, an employee is still within the bounds of employment commitment if they take a detour vs a frolic. As Brad only took a detour, he is still maintaining his commitments which means that Angelina is liable for his actions.
You hold currency from a foreign country. If that country has a higher rate of inflation than the United States, then over time the foreign currency will buy a. more goods in that country and buy more dollars. b. more goods in that country but buy fewer dollars. c. fewer goods in that country but buy more dollars. d. fewer goods in that country and buy fewer dollars.
Answer:
d. fewer goods in that country and buy fewer dollars.
Explanation:
In the case when the currency is hold from the foreign country and if the country contains the high inflation rate as compared with the united states so here the less goods in that country should be purchased at less dollars that means it shows the positive relationship between the goods and the dollars value
Therefore as per the given situation, the option d is correct
justify why a perfect market is unrealistic
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can someone who owns a successful business give me inspiration on achieving to be a successful business owner
Answer: Have a sellable plan, be innovative & consistent
Explanation:
There are some things to consider that would guide you on a successful part in any venture you going into.
1) Have a plan, a sellable one; people would only buy what they need, so going into business, are you selling what they need or what you feel like doing?
2) Be innovative; innovation is one item that keeps you in market above others for a long time, if you can't be innovative, you'll leave the market earlier than you would ever imagined.
3) Be consistent; doing business is really hard, especially when you intend succeeding. You have to be consistent both in good and bad days, the result of these speaks over time.
This is a receipt for a purchase made at a restaurant in Sacramento, California. The total cost of the food and drinks before taxes was . The buyer paid in sales tax. Based on the receipt, Sacramento has a sales tax rate of .
Answer:
Total bill = $10.00Sales tax = $0.85Sales tax rate = 8.5%Explanation:
According to the receipt in question, the buyer paid a total bill of $10.00.
Buyer also paid a sales tax of $0.85.
The total cost of the food was $10.00 and a sales tax of $0.85 was paid.
The sales tax is based on the amount paid so the sales tax rate is the percentage of $10 that $0.85 is.
= Sales Tax / Total bill * 100%
= 0.85 / 10 * 100%
= 0.085 * 100%
= 8.5%
Answer:
1- B) $10.00
2- A) $0.85
3- B) 8.5%
Explanation:
I did it on edge and got it right
During July at Pool Company, $65,000 of raw materials were requisitioned from the storeroom for use in production. These raw materials included both direct and indirect materials. The indirect materials totaled $4,000. The journal entry to record this requisition would include a debit to Manufacturing Overhead of: Multiple Choice $65,000 $4,000 $0 $61,000
Answer:
$4,000
Explanation:
Preparation of the journal entry.
Based on the information given we were told that The indirect materials totaled the amount of $4,000 which means that the appropriate journal entry to record this requisition would include a DEBIT TO MANUFACTURING OVERHEAD of the amount of $4,000.
(To record requisition)
A company has the following inventory data: July 1 Beginning inventory 20 units at $19 $ 380 7 Purchases 70 units at $20 1,400 22 Purchases 10 units at $22 220 $2,000 A physical count of merchandise inventory on July 30 reveals that there are 32 units on hand. Using the FIFO inventory method and a periodic inventory system, the amount allocated to ending inventory for July is
Answer:
$820.
1022=220; 3020=600;
220+600=820
What do we call a business that focused on building products that meet consumers' needs?
Answer: Market oriented business
Explanation:
Market orientation refers to the business philosophy whereby companies identifies the needs of their customers and make products that meet such needs or wants.
A business that's using market orientation will research the current trends in the market and make products that meet them. Strong brands use market orientation approach to meet customers needs.
Canners Company uses weighted-average costing. Beginning work in process inventory had $3,650 of material costs. During the period, $5,000 of materials and $9,250 in conversion costs were added. If there are 250 equivalent units of production for materials, the cost per equivalent unit for materials is ______.
Answer:
the cost per equivalent unit for materials is $34.60
Explanation:
The computation of the cost per equivalent unit for materials is shown below:
= (Beginning work in inventory + material added) ÷ material equivalent unit of production
= ($3,650 + $5,000) ÷ 250 units
= $34.60
Hence, the cost per equivalent unit for materials is $34.60
The same should be considered and relevant
Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year, and a worker in Oatland can grow either 5 bushels of corn or 50 bushels of oats per year. There are 20 workers in Cornland and 20 workers in Oatland. If the two countries do not trade, Cornland will produce and consume 400 bushels of corn and 100 bushels of oats, while Oatland will produce and consume 60 bushels of corn and 400 bushels of oats. If each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by
Answer:
see. I hope it's helpful for you lolExplanation:
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What country have a sand
Which of the following are necessary for production to take place?
A. Advertising to create demand
B. The input of land labor and capital
Market research to determine the level of demand
D. The creation of shipping networks to distribute goods,
MUM
