Answer:
It is a research method where the researcher assembles small
If a person buys goods from a minor, he/she holds only voidable title to
those goods. *
True
False
Answer:
True
Explanation:
Select the correct answer.
A firm entered into a contract with a construction firm to build a commercial building. However, the construction firm did not follow the design
plans of their client and instead made modifications wherever they thought was necessary, without consulting their clients. This did not go well
with the clients and hence they filed a formal lawsuit in a law court against the construction firm. Which method of dispute resolution did the
firm choose?
A.
mini-trial
B
arbitration
C.
mediation
D.
psychotherapy
Reset
Next
Answer:
B. Arbitration
Explanation:
The other answer is correct for plato/edmentum users :)
Pigskin Inc. produces and sells leather handbags. Sales are 40% in cash and 60% on account. Cash from sales on account is collected 50% in the month of sale and 50% in the month following. In February, Pigskin has total sales revenue of $160,000 and total cash collections of $172,000. Compute the total sales revenues for the month of January. Group of answer choices $200,000 $220,000 $60,000 $120,000 None of the other answers are correct
Answer:
None of the other answers are correct
Explanation:
February Data is given as :
Total Sales Revenue = $160,000
Total Cash Collections = $172,000
Thus the using the February Total Credit Sales in January will be
40 % = February Cash Collection
= $172,000 × 40%
= $68,800
50 % of remainder = February credit sales collection
= (172,000 - 68,800) × 50%
= $51,600
50 % of remainder = January credit sales collection
= (172,000 - 68,800) × 50%
= $51,600
Then January Credit Sales will be : $51,600 × 2 = $103,200
But this is only 60 % of the total sales.
The full 100 % will be : 100 % / 60 % × $103,200 = $172,000
Therefore,
Using this data give None of the other answers are correct
An expense that is readily traced to a department because it is incurred for that department's sole benefit is a(n):________.
a. Common expense.
b. Direct expense.
c. Administrative expense.
d. Indirect expense.
e. Recurring expense.
Answer:
b . Direct expense
Explanation:
Direct expense is an expense whose cost can be easily identified with a department due to the fact that the expense is incurred for the benefit of the department solely. This means that this expense can be traced directly to a department.
Also, some expenses are known to be directly related to buying of materials , products for use whether in a department or a company; such expenses are classified as direct expenses.
Examples of direct expense includes cost of raw materials , rent of factory, wages etc.
A firm has a capital structure with $14 in equity and $72 of debt. The cost of equity capital is 14.16% and the pretax cost of debt is 5.34%. If the marginal tax rate of the firm is 28.94% Compute the weighted average cost of capital of the firm.
Answer: 5.48%
Explanation:
Total capital = 14 + 72 = $86
Weight of equity = 14/86
Weight of debt = 72/86
WACC = (Weight of debt * Cost of debt * ( 1 - tax)) + (Weight of equity * cost of equity)
= (72/86 * 5.34% * (1 - 28.94%)) + (14/86 * 14.16%)
= 0.0317687776744186 + 0.02305116279
= 5.48%
The shape of a normal Treasury yield curve can be characterized as: (a) inverted throughout the maturity spectrum; (b) inverted over a portion of the maturity spectrum, such as between 2 and 7 years; (c) monotonically upward sloping; (d) unaffected by the relative supply and demand for Treasury securities.
Answer:
(c) monotonically upward sloping
Explanation:
The shape of a normal Treasury yield curve can be characterized as monotonically upward sloping curve. This is because a normal treasury yield curve have lower yields for short term, but gradually increases as the maturity period of the bonds increases. Thus, giving the yield curve an upward sloping shape.
Shellhammer Company's inventory records show the following data for the month of September: Units Unit Cost Inventory, September 1 100 $3.34 Purchases: September 8 450 3.50 September 18 350 3.70 A physical inventory on September 30 shows 200 units on hand. Calculate the value of the ending inventory and cost of goods sold if the company uses weighted average inventory costing and a periodic inventory system. (Round
Answer:
Shellhammer Company
Ending inventory = $712
Cost of goods sold = $2,492
Explanation:
a) Data and Calculations:
Date Item Units Unit Cost Total Cost
September 1 Inventory 100 $3.34 $334.00
September 8 Purchases 450 3.50 1,575.00
September 18 Purchases 350 3.70 1,295.00
September 30 Total 900 $3,204.00
Ending inventory 200
Cost of goods sold 700
Weighted Average cost = Total cost of goods available for sale/Total units available for sale
= $3,204/900 = $3.56
Value of Ending Inventory = $3.56 * 200 = $712
Value of Cost of goods sold = $3.56 * 700 = $2,492
b) The weighted average inventory costing, under the period inventory system, used by Shellhammer is an assumption that the costs attributable to ending inventory and cost of goods sold are determined from the average cost per unit and that these the average cost is ascertained at the end of the period. Therefore, the cost of beginning inventory and purchases are accumulated and divided by the units of goods available for sale.
The priority rule which processes jobs according to the smallest ratio of due date to processing time is:________
Answer: critical ratio
Explanation:
The priority rule which processes jobs according to the smallest ratio of due date to processing time is refered to as the critical ratio.
The critical ratio (CR) is typically used in sequencing work especially during projects or in organizations. For this sequencing, the job that has the lowest critical ratio will be the one that will have to be scheduled first for processing.
A firm sells 420 units of a good when it charges a price of $24. When it charges a price of $28 it sells 480 units. What is the price elasticity of demand (in absolute value)?
Answer:
0.87
Explanation:
Price elasticity is defined as a measure of how responsive the quantity of a product demanded is to changes in its price.
It is important in determining how price changes affects the demand of a product.
The supplier uses this to gauge how an increase in price will affect demand and by extension their profits.
It is calculated by finding ratio of percentage change in quantity to percentage change in price.
Price elasticity = (% change in quantity demanded) ÷ (%change in price)
Change in quantity demanded = (480-420) ÷420 = 0.143
Change in price = (28-24) ÷ 24 = 0.167
Price elasticity = 0.143 ÷ 0.167 = 0.87
On March 31, 2021, Top Notch Goods committed to a plan to sell machinery equipment. The machinery equipment was available for immediate sale, and an active plan to locate a buyer was initiated. The machinery equipment had been purchased on January 1, 2019, for $260,000. The machinery equipment had an estimated six-year service life and residual value of $20,000. The machinery equipment was being depreciated using the straight-line method. Top Notch Good's fiscal year ends on December 31.Calculate the equipment’s book value as of March 31, 2021By December 31, 2021, the machinery equipment has not been sold, but management expects that it will be sold in 2022 for $150,000. For what amount is the machinery equipment reported in the December 31, 2021, balance sheet?
Answer:
$150,000
Explanation:
This machine is to be classified as an asset held for sale. The assets held for sake are carried on the Statement of Financial Statement at the amount lower of Fair Market Value and the Carrying Amount.
Assess the formation of Global One, Unisource, and other partnerships in this case. What strategic factors might have influenced the entry mode choices that these firms made?
Answer: Global One was a union between Sprint, Deutsch telecom and France telecom it's purpose was to provide telecommunication services to multinationals.
Explanation:
Global One, Unisource and other partnership are created for a multitude of reasons. Global One was a union between Sprint, Deutsch telecom and France telecom it's purpose was to provide telecommunication services to multinationals. Sprint used the strategy as an way of entering foreign countries which was based on political and legal environment they faced there. These issues impacted AT&T's decision to partner with Unisource as regards joint venture. While AT&T would’ve preferred to partner with French or German telephone companies, European overseers would not approve this deal,fearing their size and strong brand name gaining influence over them and their chances of growing
Were the behaviors of any team members particularly valuable or detrimental to the team? What did you do to encourage or discourage the behaviors?
Explanation:
A work team can be very beneficial for an organization to be able to develop new ideas and problem solutions to achieve its objectives and goals.
When well integrated, members can collaborate on important ideas and work can be more dynamic, effective and motivating. However, it is necessary to have the perception that a team is composed of individuals who have different personalities, which can be a potential for conflict, if there is no assertive communication and management.
To encourage positive behaviors, it is necessary for the leader to establish an effective communication system, where each suggestion or problem can be quickly communicated and answered. Providing feedback on the job is also essential to keep the team motivated.
In a team, all the members have to feel that they are valuable pieces for the group, it is necessary that each one has the opportunity to contribute with their skills towards common goals.
The behaviors of any team member can be valuable and even harmful to the team. it depends upon the members of the team how they are supporting and behaving in a team.
What is behavior?
Behavior is the certain acts of the people. every people on the earth have some kind of behavior. Behavior is the response of the person to the things that are happening whether internally, externally, thoughts, or other things. the leader can do many things to encourage the person like make them follow the good behavior routine.
Thus, the behavior can be changed and it can be both valuable and harmful.
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You do a search on your mobile phone for "clothing stores near me". Your top result is a search ad for a Banana Republic (clothing store) that is two blocks away. Your friend (standing next to you) does the same search but does not receive that ad. You are a frequent Banana Republic shopper and your friend is not. This ad targeting is an example of location-based targeting combined with:_____.A. temporal targetingB. behavioral targetingC. weather-based targetingD. targeting based on social contextE. each is correct
Answer:
B. behavioral targeting
Explanation:
According to the information in the question above, it can be said that this ad targeting is based on location combined with behavior.
Behavioral targeting is based on targeting your consumers based on past behaviors, that is, as you are a frequent consumer of Banana Republic, it is correct to state that you have had previous buying behavior, so the ad appeared for types of people like you and not to your friend, who despite his location, is not a frequent consumer of Banana Republic, so he didn’t receive the ad because he hadn’t previously behaved.
This ad targeting is an example of location-based targeting combined with behavioral targeting.
Behavioral targeting is simply known as a marketing method that often uses web user information to make advertising campaigns strong.It entails putting together web searches, purchase histories, frequently visited websites and other information to create a full user profile, showing what your customers wants, avoids and purchases.
It is marketing method that uses web user information.
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In 2020, Sunland Corporation incurred research and development costs as follows: Materials and equipment $116000 Personnel 136000 Indirect costs 176000 $428000 These costs relate to a product that will be marketed in 2021. It is estimated that these costs will be recouped by December 31, 2023. The equipment has no alternative future use. What is the amount of research and development costs that should be expensed in 2020
Answer:
$428,000
Explanation:
The amount of research and development costs that should be expensed in 2020 is as calculated below
The amount of research and development costs = Materials and equipment cost + Personnel cost + Indirect costs
The amount of research and development costs = $116,000 + $136,000 + $176,000
The amount of research and development costs = $428,000
Suppose we have a bond issue currently outstanding that has 20 years left to maturity. The coupon rate is 8%, and coupons are paid semiannually. The bond is currently selling for $828 per $1,000 bond. What is the cost of debt?
a. 8%
b. 9%
c. 10%
d. 11%
e. 1296
Answer:
The answer is C.
Explanation:
The coupon payment is annual, meaning it is being paid once a year.
N(Number of years/Number of periods) = 40(20 x 2)
I/Y(Yield-To-Maturity) = ?
PMT(coupon payment) = $40[(80÷2/100) x $1,000]
FV(Future value/Par value) =$1,000
PV(present value or market value) = -828
Now to solve this, lets use a financial calculator (e.g Texas BA II plus)
N= 40; I/Y = ?; PMT = $40; FV = $1,000; CPT PV = -828
The cost of debt is 5%
Note that this is for semiannual. The annual cost of debt is therefore, 10%(5% x 2)
The common stock of Mercury Motors is selling for $28.97 a share while one-year U.S. Treasury securities are currently yielding 2.8 percent. What is the current value per share of a one-year call option on Mercury Motors stock if the exercise price is $22.50 and you assume the option will finish in the money
Answer:
$7.08
Explanation:
In short, Value of Call option = Stock Price - Strike Price
Current Value of Strike price = 22.50 * (1+2.8%)^-1
Current Value of Strike price = 22.50 * (1.028)^-1
Current Value of Strike price = 22.50 * 0.9727626459143969
Current Value of Strike price = 21.88715953307393
Current Value of Strike price = $21.89
Current Value of Stock = $28.97
Thus, Value of Call option = $28.97 - $21.89
Value of Call option = $7.08
Making decisions about how Threadless should allocate its resources to both current and future product innovations is a process known as:_______
a. long-term financing.
b. financial planning.
c. financial management.
d. short-term financing.
e. budgeting.
Answer:
c. financial management.
Explanation:
financial management can be regarded as carrying out activities such as organizing, controlling as well as planning of financial resources in order to achieve the goals of the organization. It involves the well utilization of funds in a particular Enterprise. It should be noted that Making decisions about how Threadless should allocate its resources to both current and future product innovations is a process known as financial management.
Making decisions about how Threadless should allocate its resources to both current and future product innovations is a process known as Financial management.
Financial management can be defined as the strategic planning, organising, directing, and controlling of financial resources in an organisation.
Financial management can be applied in making the following decisions in an organization:
Investment decisionDividend decisionFinancing decisionIt also involves applying the principles of management to the financial assets or allocation of resources in an organization.
Therefore, Financial management is the decision used to allocate resources to both current and future product innovations in a company.
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Johnson Controls Inc has an operating cycle of 159 days. The firm's days' sales in inventory is 83 days. How much does the firm have in receivables if it has credit sales of $600,000?
Answer:
$124,931.5
Explanation:
Johnson controls has an operating cycle of 159 days
The firm day sales in inventory is 83 days
The first step is to calculate the DSO
= 159 days-83 days
= 76 days
Therefore the amount in receivables can be calculated as follows
= 600,000/365 × 76
= 1,643.83 × 76
= $124,931.5
Housing subsidies for low-income households:__________.
A. are a part of the U.S. social insurance programs.
B. conflict with the leaky-bucket analogy.
C. represent a cash transfer.
D. represent a non-cash transfer.
Answer:
D. represent a non-cash transfer.
Explanation:
Subsidized Housing is simply a form of housing where financial incentive is somehow given or provided in the form of a direct payment or tax relief to the housing developer, individual renter e.t.c.
Subsidy is said to be an incentive financial) give in the form of a direct payment or tax relief to the housing developer, property owner, or individual renter.
Low-Income Households are usually a households whose incomes do not surpass 80% of the median income for the area as stated by the department of housing and urban development.
________________________ is revolutionizing how businesses operate factories or maintain equipment. Imagine an engine on an aircraft detecting an issue via sensors, self-diagnosing the issue, and sending a signal to both pilots and a command center to request a fix or even performing the fix on itself. Group of answer choices Internet of Things Business Process Modeling Tools Order Management Systems Enterprise Resource Planning Systems
Answer: Internet of Things.
Explanation:
Internet of Things relates to how physical objects are now being equipped with software, sensors and every other forms of technologies so that it will aid the sharing and communication of data with other devices over the internet.
Therefore, internet of things is revolutionizing how businesses operate factories or maintain equipment.
The power the Federal Reserve has to control credit terms on some loans made by banks and other lending institutions is called ______ controls.
Answer:
selective credit
Explanation:
Selective credit control are targeted to specific sectors
All the following statements about residual value guarantees are correct about residual value guarantees, except that they:
a. protects lessors against technological changes.
b. protects lessors against marketplace changes.
c. protect lessees against lessors who abuse leased assets.
d. protect lessors against lessees who abuse leased assets
Answer:
c. protect lessees against lessors who abuse leased assets.
Explanation:
The residual value guarantee may be defined as a guarantee that is made to the lessor where the value of an underlying asset will become at least some specified amount at the end of the lease. The guarantee is given by the party unrelated to a lessor.
The residual value guarantee provides to protect the lessor against the lessees who tries to abuse the leased assets. It does not protect the lessees against the lessors.
Select the correct answer.
Which statement is true for a short-term goal?
A.
It is usually complex.
B.
It usually requires one to exert a lot of effort.
C.
It is usually related to the bigger things that you want to achieve.
D.
It usually takes less than a year to achieve.
Answer:
D
Explanation:
A short term is something you can achieve in less than 12 months.
The first step in the performance planning and appraisal process involves? A. Assembling information for the appraisal B. Observing employee job behavior C. Designing the performance plan D. Setting standards and expectations
Answer:
Explanation:
d
The first step in the performance planning and appraisal process is setting standards and expectations. The correct option is D. Setting goals is the first stage in the performance management process.
Why is performance planning important in management?The idea underlying performance planning is mutuality for survival and growth, which aids in coordinating personal ambitions with organizational objectives. This increases the accountability and objectivity of the performance management process.
Performance planning is a methodical and organized way to achieve an individual's or team's specified goals throughout the course of the assessment year. The team's or an individual's strategy is drafted with the organization's overall goals in mind.
Thus, the ideal selection is option D.
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A one year call option has a strike price of 50, expires in 6 months, and has a price of $4.74. If the risk free rate is 3%, and the current stock price is $45, what should the corresponding put be worth?
A) $12.74.
B) $10.48.
C) $5.00.
D) $9.00.
E) $8.30.
Answer:
$9.90
Explanation:
Using Put Call Parity Equation:
C + X/(1 + r)^t + S + P
Call price + PV of exercise price = Spot price + Put price
4.74 + 50/(1.03)^0.30 = 45 + P
4.74 + 50/1.00891 = 45 + P
4.74 + 49.5584 = 45 + P
P = 4.74 + 49.5584 - 45
P = 9.2984
P = $9.90
Thus, the Price of Put Option with $50 exercise price = $9.90
Rachel's Recordings reported net income of $280,000. Beginning balances in accounts receivable and accounts payable were $15,000 and $22,000 respectively. Ending balances in these accounts were $11,500 and $28,000, respectively. Assuming that all relevant information has been presented, Rachel's cash flows from operating activities would be:___________.
a. $283,500.
b. $270,500.
c. $289,500.
d. $280,000.
Answer: c. $289,500
Explanation:
Operating Activity Cashflows = Net Income + Decrease in Accounts receivable + Increase in Accounts payable
= 280,000 + (15,000 - 11,500) + (28,000 - 22,000)
= 280,000 + 3,500 + 6,000
= 289,500
The charter of a corporation provides for the issuance of 115,873 shares of common stock. Assume that 37,721 shares were originally issued and 3,277 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared?
Answer:
$68,888
Explanation:
The Dividend are paid base on outstanding shares
Dividend paid = (37,721 - 3,277 shares) * $2
Dividend paid = 34,444 shares * $2
Dividend paid = $68,888
So, the amount of cash dividends to be paid is $68,888
Redemption of Bonds Payable An $800,000 bond issue on which there is an unamortized premium of $57,000 is redeemed for $785,000. Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank.
Answer:
Dr Bonds payable 800,000
Dr premium on bonds payable 57,000
Cr Cash 785,000
Cr Gain on redemption of bonds 72,000
Explanation:
the bonds' carrying value = face value + unamortized premium = $800,000 + $57,000 = $857,000
the gain or loss resulting form the redemption of the bonds = carrying value - redemption cost = $857,000 - $785,000 = $72,000
Peter crossed the street at a crosswalk without looking for oncoming traffic. He was struck first by a car driven by Abel and then by a car driven by Baker. Peter sued Abel and Baker for negligence. The jury determined that Peter was 60% at fault, Abel 30% and Baker 10%. The jury also determined that Peter suffered damages of $100,000. Abel is insolvent. In a contributory negligence jurisdiction, how much can Peter collect from Baker
Answer: Nothing
Explanation:
A contributory negligence state, simply states that in a situation whereby a plaintiff is negligent and thereby contributes to a particular accident, he or she will in this case be barred from recovering.
Since Peter crossed the street at a crosswalk without looking for oncoming traffic, Peter would collect nothing from Baker.
On January 1, 2021, Nana Company paid $100,000 for 7,500 shares of Papa Company common stock. The ownership in Papa Company is 10%. Nana Company does not have significant influence over Papa Company. Papa reported net income of $52,000 for the year ended December 31, 2021. The fair value of the Papa stock on that date was $53 per share. What amount will be reported in the balance sheet of Nana Company for the investment in Papa at December 31, 20
Answer: $397500
Explanation:
The amount will be reported in the balance sheet of Nana Company for the investment in Papa at December 31, 2021 would be gotten by multiplying the number of shares that.weee being held by Nana Company by the fair value for each share. This will be:
= 7500 × $53
= $397500
