Answer:
See below
Explanation:
1. Current ratio
= Current asset / Current liabilities
Current asset = cash + marketable securities + accounts receivables + inventory
= $300 + $100 + $200 + $160
= $760
Current liabilities = accounts payable
Current liabilities = $400
Current ratio = $760 / $400
Current ratio = 1:9:1
2. Accounts receivable turnover
= Net credit sales / [(Beginning receivables + ending receivables) /2]
= $1,800 / [ ($160 + $200)/2]
= $1,800 / $180
= 10 times
3. Quick ratio
= Current asset - Inventory / Current liabilities
= $300 + $100 + $200 - $160 / $400
= $440 / $400
= 1:1:1
A manufacturer of banana chips would like to know whether its bag filling machine works correctly at the 420 gram setting. Is there sufficient evidence at the 0.01 level that the bags are underfilled or overfilled? Assume the population is normally distributed.
State the null and alternative hypotheses for the above scenario.
Answer: See explanation
Explanation:
The null hypotheses for the above scenario will be the statement of no effect and it'll be the mean weight of the bag that filled will be 420 grams.
H0: μ = 420
The alternative hypotheses for the above scenario will be that the bag isn't filled with 420 grams. They are either underfilled below 420 grams or overfilled above 420 grams.
Ha: μ ≠ 420
write short notes on united nations with its diffrent functions
Answer:
can u explain more i ididnt understand
Explanation:
Your company has decided to give employees yearly mental health days, in addition to the sick leave and vacation days that already exist. The company sends out an e-mail to employees explaining the new benefit and urges them to take care of themselves and to understand the importance of good mental health. The leaders of this company probably think of leadership as which of the following?
a. relationship
b. skill
c. influence
d. process
Answer:
A relationship because he/she is reaching out personaly
BR Company has a contribution margin of 18%. Sales are $423,000, net operating income is $76,140, and average operating assets are $131,000. What is the company's return on investment (ROI)
Answer:
58.12%
Explanation:
Return on investment = Net operating income / Average operating assets
Return on investment = $76,140 / $131,000
Return on investment = 0.5812214
Return on investment = 58.12%
So, the company's return on investment (ROI) is 58.12%.
The IPO process involves several entities, such as the issuing company, institutional investors, brokers, lawyers, regulators, retail investors, and an intermediary company. Consider the following IPO deal:
In 1999, Goldman Sachs Group and its partners, Sumitomo Bank Capital Markets Inc. and Kamehameha Activities Association, raised $3.6 billion its initial public offering in the United States and Canada. Goldman Sachs & Co., Bear Stearns & Co. Inc., Credit Suisse First Corporation, Lehman Brothers Inc., and J.P. Morgan Securities Inc. became some of the U.S. representatives the deal by entering into an agreement to sell a certain number Of shares to potential investors at a predetermined.
Identify one of the underwriters in the IPO deal described above.
a. J.P. Morgan Securities Inc.
b. Kamehameha Activities Association
Answer:
The IPO Process
One of the underwriters in the IPO deal described above is.
a. J.P. Morgan Securities Inc.
Explanation:
J.P. Morgan Securities Inc. and the following underwriters, Goldman Sachs & Co., Bear Stearns & Co. Inc., Credit Suisse First Corporation, and Lehman Brothers Inc. was involved in the Initial Public Offering (IPO) in 1999, where $3.6 billion was raised in the United States and Canada. An underwriter is a financial specialist, working closely with the issuing houses to determine the initial offering price of the securities. The underwriters usually buy the securities from the issuer and then sell them to investors using its distribution network.
Read the following paragraph and respond to the questions below.
(1) Frequently, department managers and supervisors recruit applicants without working through our corporate human-resources office. (2) Our human-resources departments at all of our locations across the country have experienced this problem. (3) Recently, the manager of our tool-design department met with a recent industrial design graduate to discuss an opening for a tool designer. (4) The graduate was sent to the human-resources department, where she was told that no such position existed. (5) When the tool-design manager asked the director of human resources about the matter, the manager learned that the company president had ordered a hiring freeze for two months. (6) I’m sure that our general employment situation will get better. (7) As a result of the manager’s failure to work through proper channels, the applicant was not only disappointed but bitter.
a. Which number sentence is the topic sentence?
b. Which number sentence does not contribute to paragraph unity?
c. What is the writer providing in sentences 3 through 7 to help the reader understand his/her point?
d. Why is that helpful, or why is the message better by adding sentences 3 through 7?
Answer:
a. The number sentence that is the topic sentence is sentence (1).
b. Sentence (6) does not contribute to the paragraph's unity. It can be eliminated, without changing the meaning that can be obtained from the paragraph. It does not support the topic.
c. The writer, in sentences 3 through 7, provides an example and further details to help the reader to understand her point.
d. The example in a sentence makes the idea clearer to the reader. Without the example, which provides further details, the reader may not clearly appreciate the topic under discussion.
Explanation:
The purpose of the topic sentence is to introduce the theme of the paragraph or the point of view of the writer. It captures the essence of the story. As it bears the central idea, it focuses the paragraph to achieve unity.
Which of the following is true of hierarchical clustering?
a. The data partition does not occur in a single step
b. All clusters must have the same number of data
c. All clusters must have more than one object in it
d. No single cluster can have all data
Answer:
The data partition does not occur in a single step
Explanation:
Legal Forces Legal forces are important external forces that international managers need to understand. They are developed at the national level, so international ventures should take care to build relationships with local-level lawyers.
The concepts in this exercise are drawn from Chapter 6 and directly address differences in legal approaches at the national level.
Identify each of the legal characteristics by dragging where it is found to the correct characteristic.
U.S. Product Liability Law per se application
EU Competition Law misuse of activity
US and EU extraterritoriality
U.S. Tort Law trade obstacle, nontariff
U.S. Competition Law strict liability
France punitive damages
Answer:
Please find the solution in the attached file.
Explanation:
In 2016, David Hay started his own business, Hays Gardening and Landscapes. David was previously an employer of another business/
a) What was the opportunity costs for David when he started his business?
A. Cost of marketing to attract customers.
B. Loss of earnings from employment
C. Payment of taxes on profits
D. Risk of business failure
ANSWER:
b) Explain why this answer is correct?
Answer:
B. Loss of earnings from employment
Explanation:
David's opportunity cost in this scenario would be the loss of earnings from employment. This is because is no longer employed, meaning that he no longer makes money from his employment due to him "choosing" to quit and start his own business. Therefore, that is the cost of him choosing another opportunity. The financial costs of marketing, taxes, and risk of business failure are all costs he may or may not incur from the chosen opportunity but are not the same as "opportunity costs" since they are costs that need to be met in order to continue this opportunity and not something that was given up in order to choose this opportunity.
Vertical analysis can best be described as a technique for analyzing the percentage change in individual financial statement line items from one accounting period to the next.
a. True
b. False
Answer:
False
Explanation:
Vertical analysis can be regarded as accounting tool which gives room for
proportional analysis of some documents. This document is usually
financial statements.In carrying out vertical analysis, all the item line that is on the financial statement is been recorded as percentage of another item. Instance of this is an income statement.
Magna Lighting Inc. produces and sells lighting fixtures. An entry light has a total cost of $125 per unit, of which $80 is product cost and $45 is selling and administrative expenses. In addition, the total cost of $125 is made up of $90 variable cost and $35 fixed cost. The desired profit is $55 per unit. Determine the markup percentage on product cost.
Answer:
The correct solution is "125%".
Explanation:
Given:
Desired profit,
= $55
Selling and administrative expenses,
= $45
Product cost,
= $80
Now,
The markup percentage will be:
= [tex]\frac{Desired \ profit+Selling \ and \ administrative \ expenses}{Product \ cost}\times 100[/tex]
By putting the values, we get
= [tex]\frac{55+45}{80}\times 100[/tex]
= [tex]\frac{100}{80}\times 100[/tex]
= [tex]125[/tex] (%)
125% is the markup percentage on product cost.
MarkupIt is important to remember that markup is a term used to refer to the difference between the selling price of a product and cost.
SolutionUsing the formula
Desired profit + Selling and administrative expenses/product cost X 100
Desired profit = $55Selling and administrative expenses = $45product cost = $8055+45/80 = 1.25
1.25* 100= 125
= 125%
You can learn more about markup percentage here https://brainly.com/question/19104371
After getting her degree in Economics, Jeanine went to work for the Bureau of Labor Statistics. She compiles data on the unemployment rate, which serves as an economic indicator. What does this data help Jeanine to understand
Answer:
A. how the economy is doing at the macro level
Explanation:
Since in the given situation it is mentioned that jeanine wants to work so she combined the unemployment rate data that represent the economic indicator so here she need to understand that how the economy is working at the macro level as the unemployment represent the condition that should be made in the labor market and the macro would deals with the overall GDP also how the unemployment level, inflation level and the price level impact it
Therefore the first option is correct
A product sells for $30 per unit and has variable costs of $18 per unit. The fixed costs are $720,000. If the variable costs per unit were to decrease to $15 per unit, fixed costs increase to $900,000, and the selling price does not change, break-even point in units would:
Answer:
remain the same
Explanation:
Breakeven quantity are the number of units produced and sold at which net income is zero
Breakeven quantity = fixed cost / price – variable cost per unit
Initial Breakeven quantity = $720,000 / ($30 - $18) = 60,000
New Breakeven quantity = $900,000 / ($30 - $15) = 60,000
Breakeven point remained the same
The income statement of Martinez Company is shown below. MARTINEZ COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020
Sales revenue $6,380,000
Cost of goods sold
Beginning inventory $2,080,000
Purchases 4,350,000
Goods available for sale 6,430,000
Ending inventory 1,460,000
Cost of goods sold 4,970,000
Gross profit 1,410,000
Operating expenses
Selling expenses 430,000
Administrative expenses 670,000 1,100,000
Net income $310,000
Additional information:
1. Accounts receivable decreased $300,000 during the year.
2. Prepaid expenses increased $150,000 during the year.
3. Accounts payable to suppliers of merchandise decreased $280,000 during the year.
4. Accrued expenses payable decreased $110,000 during the year.
5. Administrative expenses include depreciation expense of $70,000.
Required:
Prepare the operating activities section of the statement of cash flows for the year ended December 31, 2020, for Vince Gill Company, using the indirect method.
Answer:
Cash flow from operating activities
Net income $310,000
Adjustment to reconcile net income to
net cash provided by operating activities
Depreciation expense $70,000
Decrease in account receivable $300,000
Decrease in inventory $620,000
Increase prepaid expense -$150,000
Decrease account payable -$280,000
Decrease accured expense payable -$110,000 $450,000
Net cash outflow from operating activities $760,000
How dose the very small businesses finance
Answer:
Small Business Administration offers lenders, mostly traditional banks, a federal guarantee on your loan
While the evidence suggests that over long periods of time that stocks will outperform bonds, individuals with a long-term investment horizon may still choose to invest in bonds. Is this rational behavior? Why or why not?
Answer:
Stocks and Bonds
Yes. It is a rational behavior for individuals with a long-term investment horizon to choose to invest in bonds rather than investing in stocks despite the overwhelming "evidence that suggests that over long periods of time stocks still outperform bonds."
Rational behavior involves making rational choices that provide optimal levels of benefit or utility for the individual. People who make rational choices would rather choose bonds with lower risks and returns than stocks with higher risks and returns.
Explanation:
Every rational investor would prefer to reduce her risk exposure instead of increasing it. Every investor is also aware that investments with higher risks attract higher returns. However, determining the certainty of the returns is difficult.
Companies must disclose when they give products to online reviewers.
Question 15 options:
True
False
Answer:
True
Explanation:
In simple terms, whenever an individual works with brands to recommend or endorse a product you must disclose the partnership. You have to declare your relationship to the brand even if you are not being compensated.
The following information is available from the current period financial statements: Net income $150,000 Depreciation expense 28,000 Increase in accounts receivable 16,000 Decrease in accounts payable 21,000 The net cash flow from operating activities using the indirect method is Group of answer choices $141,000 $173,000 $117,000 $215,000
Answer:
$141,000
Explanation:
Given the above information, the net cash flow is computed as shown below
= Net income + Depreciation expense - Increase in accounts receivables - Decrease in accounts payable
= $150,000 + $28,000 - $16,000 - $21,000
= $141,000
Therefore, the net cash flow from operating activities using the indirect method is $141,000
Capital budgeting analysis not only requires the evaluation of cash flows but also requires the understanding of the origin of those cash flows. Based on your understanding of cash flows in a firm, complete and answer the following questions The present value of ___________ can be used to determine the basis of a firm's value. Ideally, capital budgeting analysis should take cash flows into account ___________
Understanding the nature of projects
Capital budgeting analysis often involves decisions related to expansion projects and/or replacement projects. Based on your understanding of expansion and replacement projects, complete the following:
If a clothing store opens a second retal location on the other side of town, this project would be considered__________ project.
What are sunk costs?
Acme Manufacturing owns a warehouse that it is not currently using. It could sell the warehouse for $300,000 or use the warehouse in a new project. Should Acme Manufacturing include the value of the warehouse as part of the in investment in the new project or treat the value of the warehouse as a sunk cost?
Yes, include the value of the warehouse as part of the initial investment in the new project
No, treat the value of the warehouse as a sunk cost
The role of externalities
A paper manufacturer has built a plant that meets all government-mandated environmental regulations, but the pl sant odor when it is being operated. Many residents in the area dislike the paper mill because of these unpleasant odors. This is an example of ________externality.
Answer:
Present Value of Cash Flows
Exactly when they occur
Expansion Project
Sunk cost is the cost which is already incurred and it is not affected by the decision to accept or reject the project.
Include the value of the warehouse as part of the initial investment in the new project.
Negative Externality
Explanation:
Present value of Cash flows is the discounted cash flows which shows the real worth of the money now which is to be received in future. Sunk costs are not part of the project as they are already incurred. These cost are not included in the calculations of the project cash flows. Negative externality is the undesirable impact due to production and manufacturing plants operations on the environment.
Data concerning Lemelin Corporation's single product appear below: Per Unit Percent of Sales Selling price $ 230 100 % Variable expenses 115 50 % Contribution margin $ 115 50 % The company is currently selling 7,000 units per month. Fixed expenses are $581,000 per month. The marketing manager would like to introduce sales commissions as an incentive for the sales staff. The marketing manager has proposed a commission of $20 per unit. In exchange, the sales staff would accept a decrease in their salaries of $113,000 per month. (This is the company's savings for the entire sales staff.) The marketing manager predicts that introducing this sales incentive would increase monthly sales by 300 units. What should be the overall effect on the company's monthly net operating income of this change
Answer:
Lemelin Corporation
The overall effect on the company's monthly net operating income of this change is an increase of $1,500.
Explanation:
a) Data and Calculations:
Sales units per month = 7,000
Fixed expenses per month = $581,000
Per Unit Percent of Sales
Selling price $ 230 100 %
Variable expenses 115 50 %
Contribution margin $ 115 50 %
Income Statements
Before Change After Change Difference
Sales unit 7,000 7,300 300
Sales revenue $1,610,000 $1,679,000 $69,000
Variable cost of sales 805,000 839,500 -34,500
Sales commission 0 146,000 -146,000
Contribution margin $805,000 $693,500 ($111,500)
Fixed expenses 581,000 468,000 113,000
Net operating income $224,000 $225,500 $1,500
The Quorum Company has a prospective 6-year project that requires initial fixed assets costing $962,000, annual fixed costs of $403,400, variable costs per unit of $123.60, a sales price per unit of $249, a discount rate of 14 percent, and a tax rate of 21 percent. What is the present value break-even point in units per year
Answer:
5375
Explanation:
Given that:
Initial Fixed assets costing = $962000
Annual fixed costs = $403400
Variable cost per unit = $123.60
Sales price per unit = $249.00
Discount rate = 14%
Tax rate = 21%
The contribution per unit = Sales price - Variable cost
= $(249.00 - 123.60)
= $125.40
The present value break-even point(BEP) is the region of sales level where the net present value (NPV) equals zero.
Assuming that the sales level = p
i.e.
NPV = PV(of inflows - of outflows)
Inflows = (p * contribution per unit - annual fixed cost)( 1- tax rate) + depreciation * tax rate
= (p * 125.4 - 403400) ( 1 - 0.21) + depreciation * tax rate
where;
depreciation = initial fixed assest cost/ lifetime of the project
= (125.4p - 403400)*0.79 + (962000/6)*0.21
= (125.4p - 403400)*0.79 + (160333.33)*0.21
= (125.4p - 403400)*0.79 + 33670
Now, the PV of the inflows =PV factor(6 years, 14%) * inflows
[tex]= inflows * \dfrac{( 1-(1.14)^{-6})}{0.14}[/tex]
[tex]= inflows * 3.8887[/tex]
Replacing the value for inflows, we have:
[tex]=((125.4p - 403400)*0.79 + 33670)* 3.8887[/tex]
The PV of the outflows = Initial Fixed asset cost = $962000
∴
Equating both together using:
PV(of inflows - of outflows) = 0
((125.4p - 403400)*0.79 + 33670)* 3.8887 - 962000 = 0
((125.4p - 403400)*0.79 + 33670)* 3.8887 = 962000
(99.066p - 318686 + 33670) * 3.8887 = 962000
(99.066p - 285016) * 3.8887 = 962000
385.24p - 1108341.72 = 962000
385.24p= 962000 + 1108341.72
385.24p= 2070341.72
p = 2070341.72 / 385.24
p ≅ 5375
Jerry's Flowers had the following cost information related to its purchases of merchandise. Calculate the total cost of merchandise purchased using the information below: Invoice cost of merchandise purchases $100,000 Purchase discounts received $ 9,000 Cost of transportation-in (shipping) $ 500 Costs of purchase returns and allowances $ 400
Answer:
$91,100
Explanation:
Calculation to determine the total cost of merchandise purchased
Using this formula
Total cost of merchandise purchased = Invoice cost of merchandise purchases + Cost of transportation in - Purchase returns and allowances - Purchase discount
Let plug in the formula
Total cost of merchandise purchased= $100,000 + $500 - $400 - $9,000
Total cost of merchandise purchased= $91,100
Therefore the total cost of merchandise purchased is $91,100
In 2019, Perry, who is not otherwise involved in the gas station business, spends $53,000 investigating the acquisition of a gas station. All costs are ordinary and necessary. Perry decides not to acquire the gas station. What amount can Perry deduct in 2019 for the expenses incurred in investigating the acquisition of the gas station if Perry makes an election to accelerate his deductions as much as possible
Answer:
Perry and Investigation Expenses:
Perry can deduct the full $53,000.
He can also elect to capitalize the amount, assuming that he is acquiring the gas station, because, according to IRS, "general due-diligence and investigatory expenses incurred to decide whether to enter a new business, and which new business to enter, can be deducted/amortized under Sec. 195."
Explanation:
Facts as per scenario:
Perry is not involved in the gas station business.
Perry spends $53,000 investigating the acquisition of a gas station.
All costs are ordinary and necessary.
Perry does not acquire the gas station.
The US Federal System is the voting method for passing a bill into law. It involves 100 members of the Senate, 435 members of the House of Representatives, the vice president, and the president, for a total of 537 voters. For a bill to pass, it must have a majority in the House, a majority in the Senate, with the possibility of the vice president breaking a tie, and the signature of the President; or if the president opposes the bill, it must have a 2/3 super-majority in both the House and Senate to override the veto. Otherwise the bill is defeated. Think of this as a social choice function where the alternatives are A, to pass the bill, or B, to defeat the bill. Does the US federal system satisfy:
a. the anonymity criterion
b. the neutrality criterion
c. the monotonicity criterion
d. the decisiveness criterion
Answer:
correct answer is B nun else
Which of the following conditions is characteristic of a monopolistically competitive firm in both the short-run and the long run?
a. P> MC
b. MC = ATC
c. P < MR
d. All of the above are correct.
Answer:
b or d
Explanation:
probably b but I am not sure tho sorry
The characteristic of a monopolistically competitive firm in both the short-run and the long run is P>MC.
The following information should be considered:
Monopolistically competitive firm has downward sloping demand curve and marginal revenue curve for monopolistically competitive firm should be below the demand curve. The firm maximizes it's profit where MR equivalent MC And charge price on the demand curve above in the case when MR equals MC. Therefore price >MR =MC.Learn more: brainly.com/question/17429689
Stock A's stock has a beta of 1.30, and its required return is 11.75%. Stock B's beta is 0.80. If the risk-free rate is 4.75%, what is the required rate of return on B's stock?
Answer:
9.054
Explanation:
The first step is to calculate the market risk premium for stock A
11.75%= 4.75% + 1.30 × market risk premium
11.75-4.75= 1.30×mrp
7= 1.30 ×mrp
mrp= 7/1.30
= 5.38
Therefore the required rate on stock B can be calculated as follows
4.75+0.80×5.38
= 4.75 + 4.304
= 9.054
he following data were accumulated for use in reconciling the bank account of Creative Design Co. for August 20Y6: Journalize the entries that should be made by the company that (a) increase cash and (b) decrease cash. g
Answer:
Cash (Dr.) $43,000
Sales Revenue (Cr.) $43,000
Bank (Dr.) $20,000
Cash (Cr.) $20,000
Office Supplies (Dr.) $2,300
Cash (Dr.) $2,300
Petty Cash reimbursement (Dr.) $4,500
Cash (Cr.) $4,500
Explanation:
The journal entries are recorded when transaction occurs in a business. These transactions are recoded at the time of inception of transaction. The journal entries are adjusted when there is any change in the transaction.
discuss the benefits of considering a reservation in a restaurant.
Answer:
Another important benefit of making a reservation in the desired restaurant is the better quality of service one will receive. As the restaurant knows at what time and with how many people the customer will arrive, a comfortable table with enough seats and space will be reserved, and the restaurant's staff will be prepared to serve ...
Explanation:
Prepare a journal entry for the purchase of a truck on April 4 for $72,240, paying $5,900 cash and the remainder on account. Refer to the Chart of Accounts for exact wording of account titles.
JOURNAL
DATE DESCRIPTION POST. REF. DEBIT CREDIT
1
2
3
Answer:
Dr Truck $72,240
Cr Cash $5,900
Cr Accounts Payable $66,340
Explanation:
Preparation of the journal entry for the purchase of a truck on April 4
April 4
Dr Truck $72,240
Cr Cash $5,900
Cr Accounts Payable $66,340
($72,240 - $5,900)
(To record purchase of truck)
Given the following information, what are the NZD/SGD currency against currency bid-ask quotations?
American Terms European Terms Bank Quotations Bid Ask
New Zealand dollar 0.7265 0.7272 1.3751 1.3765
Singapore dollar 0.6135 0.614 1.6287 1.63
Answer:
In American terms: 0.8436 ÷ 0.8451
In European Terms: 1.1832 ÷1.1853
Explanation:
the computation of the NZD/SGD currency against currency bid-ask quotations is shown below:
In american terms In european terms
USD/NZD 0.7265 ÷ 0.7272 E/NZD 1.3751 ÷ 1.3765
USD/SGD 0.6135 ÷ 0.6140 E/SGD 1.6287 ÷ 1.6300
NZD/SGD = (0.6135 ÷ 0.7272) ÷ (0.6140 ÷ 0.7265) = 0.8436 ÷ 0.8451
(1.6287 ÷ 1.3765) ÷ (1.6300 ÷ 1.3751) = 1.1832 ÷ 1.1853
