Question Completion with Options:
O sticking closely with the existing business lineup and pursuing opportunities that those businesses present.
O Divesting certain businesses and retrenching to a narrower base of business operations.
O Widening the company's business scope by making new acquisitions in new industries.
Answer:
The broad categories of action for crafting strategic moves to improve a diversified company's overall performance are:
O sticking closely with the existing business lineup and pursuing opportunities that those businesses present.
O Divesting certain businesses and retrenching to a narrower base of business operations.
O Widening the company's business scope by making new acquisitions in new industries.
Explanation:
In addition to pursuing existing business opportunities, a diversified company can increase its performance indexes by divesting itself of certain unprofitable lines of business or slow-growth businesses and focusing its resources on cash cows and stars. The pursuit of stars will lead it to make new acquisitions in relatively new industries in order to remain attractive to investors, otherwise, it runs the risk of growing into extinction like the historical dinosaur.
The following information is available regarding the total manufacturing overhead of Molsen Company for a recent four-month period. Molsen's projected August operations will require approximately 110,000 machine hours. Using the high-low method, compute total manufacturing overhead estimated for August. Group of answer choices $177,500. $187,500. $197,500. $198,000.
Answer:
$198,000
Explanation:
Calculation to determine what the total manufacturing overhead estimated for August is
First step is to calculate the Variable element
Variable element=($198,000 - $153,000)/(110,000 - 80,000)
Variable element=$45,000/30,000
Variable element= $1.50
Second step is to calculate the Fixed element
Fixed element=$198,000 - ($1.50 x 110,000)
Fixed element=$198,000-$165,000
Fixed element = $33,000
Now let compute total manufacturing overhead
Total manufacturing overhead=$33,000 + ($1.50 x 110,000)
Total manufacturing overhead=$33,000+$165,000
Total manufacturing overhead= $198,000
Therefore Using the high-low method, compute total manufacturing overhead estimated for August is $198,000
The petty cash fund of the Brooks Agency is established at $150. At the end of the current period, the fund contained $28 and had the following receipts: entertainment, $70; postage, $30; and printing, $22. Prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund at the end of the current period.
Identify the two events from the following that cause a Petty Cash account to be credited in a journal entry.
______________ a. Fund amount is being reduced.
_____________ b. Fund amount is being increased.
_______________ c. Fund is being eliminated.
_______________ d. Fund is being established.
Answer:
(a) Debit Petty cash account for $150; and Credit Bank for $150.
(b) Debit Petty cash account for $122; and Credit Bank for $122.
The correct options are:
a. Fund amount is being reduced.
c. Fund is being eliminated.
Explanation:
(a) Prepare journal entries to record establishment of the fund.
The journal entry will look as follows:
Details Debit ($) Credit ($)
Petty cash account 150
Bank 150
(To record petty cash fund establishment.)
(b) Prepare journal entries to record reimbursement of the fund at the end of the current period.
Since the fund contained $28 at the end of the current period, we have:
Amount to reimburse = entertainment + postage + printing = $70 + $30 + $22 = $122
The journal entry will now look as follows:
Details Debit ($) Credit ($)
Petty cash account 122
Bank 122
(To record petty cash fund reimbursement.)
c. Identify the two events from the following that cause a Petty Cash account to be credited in a journal entry.
The correct options are:
a. Fund amount is being reduced.
c. Fund is being eliminated.
This is because they both in indicate outflows from the petty cash fund.
Food manufacturers prefer to use ________ as a sweetener because it is easy to transport, has good shelf-stability, is low cost, and improves food properties .
Food manufacturer prefer to use high Fructose corn syrup as a sweetener because it is easy to transport, has good shelf-stability, is low cost and improves food properties.
What is high fructose corn syrup?Fructose corn syrup is generally made from corn starch .It is used to sweetened processed food.
What is shelf stability?Shelf stable food is food that can be stored at room temperature in a sealed container.
To know more about high Fructose corn syrup here;
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Kandy Kane Corporation has income before taxes of $400,000 and a loss from discontinued operations pretax of $100,000. If the income tax rate is 25% on all items, the income statement should show income tax expense of
Answer:
The income tax expense = $100000
Explanation:
Below is the given values:
Income before the taxes = $400000
Loss discontinued = $100000
Income tax rate = 25%
In order to calculate the income tax expense, just find the 25% of the income before tax and the resulting answer will be the income tax expense.
The income tax expense = 25% x 400000
The income tax expense = $100000
At the beginning of the year, SnapIt had $13,800 of inventory. During the year, SnapIt purchased $42,600 of merchandise and sold $35,700 of merchandise. A physical count of inventory at year-end shows $14,800 of inventory exists. Prepare the entry to record inventory shrinkage.
Answer:
Shrinkage = Closing inventory according to the books - Actual closing inventory after physical count
Closing inventory = Beginning inventory + Purchased inventory - Sold inventory
= 13,800 + 42,600 - 35,700
= $20,700
Date Account Title Debit Credit
XX-XX-XXXX Cost of Goods sold $20,700
Merchandise inventory $20,700
Giannitti Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. Data for the upcoming year appear below:
Estimated machine-hours 72,900
Estimated variable manufacturing overhead $ 3.50 per machine-hour
Estimated total fixed manufacturing overhead 838,710
The predetermined overhead rate for the recently completed year was closest to:________.
A. $6.66 per machine-hour
B. $10.50 per machine-hour
C. $8.69 per machine-hour
D. $15.00 per machine-hour
Answer:
D. $15.00 per machine hour
Explanation:
The computation of the predetermined overhead rate for the recently completed year is seen below;
First, we will calculate the fixed overhead rate.
Fixed overhead rate = Estimated total fixed manufacturing overhead / Estimated machine - hours
Fixed overhead rate = $838,710 / 72,900
Fixed overhead rate = $11.50
Then,
Predetermined overhead rate = Fixed overhead rate + Variable overhead rate
Predetermined overhead rate = $11.50 + $3.50
Predetermined overhead rate for the recently completed year was closest to $15.00 per machine hour
On December 31, there were 53 units remaining in ending inventory. These 53 units consisted of 9 from January, 10 from February, 14 from May, 8 from September, and 12 from November. Using the specific identification method, what is the cost of the ending inventory
Answer:
Cost of the ending inventory = $7,108
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
A company had the following purchases during the current year:
January 17 Units at $112
February 37 Units at $123
May 32 Units at $135
September 29 Units at $143
November 27 Units at $153
On December 31, there were 53 units remaining in ending inventory. These 53 units consisted of 9 from January, 10 from February, 14 from May, 8 from September, and 12 from November. Using the specific identification method, what is the cost of the ending inventory?
Explanation of the answer is now provided as follows:
Specific identification method is an inventory method under which costs of goods sold and the closing/ending inventory are calculated using the particular cost of each inventory batch at the moment they were received.
Therefore, cost of the ending inventory is calculated as sum of the product of the number of closing units from each month and the cost per unit of purchases in that month.
Therefore, we have:
Cost of the ending inventory = (Number of closing units from January * Cost per unit of January Purchases) + (Number of closing units from February * Cost per unit of February Purchases) + (Number of closing units from May * Cost per unit of May Purchases) + (Number of closing units from September * Cost per unit of September Purchases) + (Number of closing units from November * Cost per unit of November Purchases) ………… (1)
Substituting the relevant values into equation (1), we have:
Cost of the ending inventory = (9 * $112) + (10 * $123) + (14 * $135) + (8 * $143) + (12 * $153) = $7,108
R(0,t) is the Spot Zero-Coupon (or Discount) Rate. It is the annualized rate on a pure Unit Discount bond B(0,t) - the bond that pays 1 dollar at time t. Assume that R(0,13) = 8.00 per cent. What is the price of B(0,13)? Answer with three decimal digits accuracy. Example: 0.728
Answer:
0.368
Explanation:
Price of B(0,13) = 1 / (1 + interest rate)^years
Price of B(0,13) = 1 / (1 + 8%)^13
Price of B(0,13) = 1 / (1+0.08)^13
Price of B(0,13) = 1 / (1.08)^13
Price of B(0,13) = 1 / 2.7196237
Price of B(0,13) = 0.3676979247
Price of B(0,13) = 0.368
Which of the following is an an example of a sunk cost?
a. Jossie purchases a textbook online but returns it because it is the wrong edition
b. Maria goes to a lunch vending machine to get a quick snack. In her haste, she mistakenly pushes the wrong buttons and gets a wheatgrass sandwich instead of hot pocket she was craving.
c. Kennys new smartphone stops working, but it is still under warranty, so he is able to have it repaired at no cost.
d. Antonio goes to the movies. After the opening credits, he realizes he is in the wrong theater. He informs the manager and is able to get a refund.
Answer:
Option b is correct.
Explanation:
Option b is correct.
The sunk cost is the cost that has been incurred and which can not be recovered. Thus, anycost that can not be recovered is called the sunk cost. Therefore, the option 'b' that states pushing wrong button and getting a wheatgrass sandwich is the sunk cost because it can not be returned.
Current market trends and consumer preferences across the globe
Answer:
Consumers Will Abandon Brands That Don’t Support Their Values In Favor Of Those That Do. How To Meet Reimagined Consumers Where They Are, Building New Loyalty & Revenue Streams. Strategy. Consumer Values. 25K Consumers Surveyed. 14 Industries.
I HOPE THIS HELPS PLS BRAINLIST?
Unexpected low inflation helps whom: Group of answer choices debtors students workers creditors capitalists
Answer:
creditors
Explanation:
Inflation is a persistent rise in the general price levels
Types of inflation
1. demand pull inflation – this occurs when demand exceeds supply. When demand exceeds supply, prices rise
2. cost push inflation – this occurs when the cost of production increases. This leads to a reduction in supply. Higher prices are the resultant effect
Costs of inflation
Shoe leather cost is when people try to spend money immediately so they would not be holding money for a long time. This is because money loses its value in an inflation.
Menu costs are the costs of changing price constantly as a result of inflation, When there is inflation, prices increases regularly. As a result prices needs to be updated regularly.
When inflation is low, creditors benefit because they lend in nominal terms. Thus, loss in the amount borrowed is minimal
A shortcoming of real gross domestic product (GDP) is it does not include the underground economy. includes nonmarket goods. does not measure changes in employment. does not include the value obtained through purchases of stocks and bonds. does not account for changes in the prices of goods and services.
Answer:
it does not include the underground economy.
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
Nominal GDP is GDP calculated using current year prices while Real GDP is GDP calculated using base year prices. Real GDP has been adjusted for inflation.
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
Highest and best use would best be defined as:
Answer:
The reasonable, probable and legal use of vacant land or an improved property, which is physically possible, appropriately supported, financially feasible, and that results in the highest value.
Explanation:
We Are the World is an importing company that specializes in importing hand-made arts and crafts from crafters and artisans around the world. The company has about $4 million worth of stock outstanding. Due to its desire to avoid double taxation, it is structured so that its individual shareholders pay taxes on all of the company's income. The shareholders report the flow-through of income and losses on their personal tax returns and are assessed at their individual tax rates. We Are the World is a(n):_____.
a. limited liability company (LLC).
b. C corporation.
c. S corporation.
d. G corporation.
e. investment trust.
Answer:
c. S corporation.
Explanation:
S corporations that are elected for passing out the corporate income, losses, deductions and credits via to the shareholders for the federal tax motive. It is responsible for tax on specific gains and the passive income for the entity level
Also the shareholders could reported the flow via income and the losses on the personal income tax returns and can be assess at individual tax rates
So, the option c is correct
John F. Kennedy, Jr. crashed his airplane as a result of being disoriented while flying in marginal weather conditions at night. In order to reduce the risk of an accident during these conditions, a pilot should
Answer: b. Rely more on flight instruments than normal
Explanation:
Due to the weather conditions, John Kennedy Jr. became disoriented and in the process did not know which way to best fly to plane towards which means that he lost direction and that was why he crashed.
In such a situation, it is advised that a pilot should rely more on their navigation equipment instead of the horizon or other navigation patterns that could have been affected by the weather. The flight equipment on board would be less affected and so would be safer to use.
Consider using income approach to compute US GDP. Suppose there is a Mexican citizen working at a US firrm located in US, and earned wages of $500. There is also a US citizen that earns wages of $800 in a Mexican firm located in Mexico. If US GNP is $3000, what is US GDP?
Answer:
According to the information in the text, the US GDP would be $500, because GDP only accounts for all the goods and services produced within the country, or under the income approach, for all the forms of income (rent, dividends, wages) earned by nationals or foreigners in domestic soil.
In this case, the Mexican citizen working in the US and earning $500 adds the same amount to US GDP of that year regardless of his nationality.
Transactions for Jayne Company for the month of June are presented below.
June:
1 Issues common stock to investors in exchange for $5,000 cash.
2 Buys equipment on account for $1,100.
3 Pays $740 to landlord for June rent.
12 Sends Wil Wheaton a bill for $700 after completing welding work.
Required:
Journalize the transaction.
Answer:
June 1
Debit : Cash $5,000
Credit : Common Stock $5,000
June 2
Debit : equipment $1,100
Credit : account payable $1,100
Explanation:
Journalize the transaction.
Kenner Company is considering two projects. Project A Project B Initial investment $85,000 $24,000 Annual cash flows $20,676 $ 6,011 Life of the project 6 years 5 years Depreciation per year $14,167 $ 4,800 Suppose that Kenner Company requires a minimum rate of return of 8%. Which project is better in terms of net present value
Answer: Project A is better as it has a higher NPV of $76,075.70
Explanation:
Annual cashflow of Project A = Annual cashflow + Depreciation
= 20,676 + 14,167
= $34,843
Project B cashflow = 6,011 + 4,800
= $10,811
As these are constant amounts, they are to be considered annuities.
Find the present value of these annuities and deduct the initial investment from them for the NPV.
Present value of annuity = Annuity * Present value interest factor of annuity, 8%, number of years
Project A NPV = (34,843 * Present value interest factor of annuity, 8%, 6 periods) - 85,000
= (34,843 * 4.6229) - 85,000
= $76,075.70
Project B NPV = (10,811 * Present value interest factor of annuity, 8%, 5 periods) - 24,000
= (10,811 * 3.9927) - 24,000
= $19,165.08
Project A is better as it has a higher NPV of $76,05.70
Why is developing a reputation as a subject matter expert important for a leader if leadership deals so heavily with interpersonal skills
Answer:
Reputation is very important for a leader. If a leader has god interpersonal skills but lacks in good reputation people might hesitate to associate with him and support his activities.
Explanation:
Reputation is most valuable asset for any leader. A leader may have good knowledge of everything, he may have good interpersonal skills but reputation overcomes all of these qualities. Strong reputation of a leader will make it easy for him to earn popularity and respect among people. Reputation is the main quality which leads to success to a leader.
Which capital budgeting technique is used on an exclusionary basis to prevent investing time and resources investigating using more complex techniques
Answer:
"Net Present Value" is the right approach.
Explanation:
A method used to determining or calculating the gaps between the current valuation of initial investment as well as the outputs of something like development or possible expenditure is termed as net present value.
The formula which is used to find the NPV is given below:
⇒ [tex]NPV=\frac{Cash \ flow}{(1+i)^t}-initial \ investment[/tex]
here,
i = Return requiredt = No. of periodsA(n) _____ typically hires the staff of an employer and writes paychecks, pays taxes, prepares and implements HR policies, keeps all the required HR records for the employer, and bears legal liability for a fee.
Answer: professional employer organization
Explanation:
A professional employer organization is referred to as an outsourcing firm that helps in the provision of services to businesses.
The services that they provide to the businesses include preparation and implementation of HR policies, Payroll, tax administration, regulatory compliance assistance etc.
Senator A agrees to vote for Senator K's state project in exchange for Senator K voting for Senator A's state project. This is an example of Group of answer choices logrolling. the median voter model. the paradox of voting. the principal-agent problem.
Answer: logrolling
Explanation:
Logrolling simply refers to the exchange of favors specifically. It is the practice of exchanging assistance which is fine usually in politics when each other's proposed legislation is voted for.
Since Senator A agrees to vote for Senator K's state project in exchange for Senator K voting for Senator A's state project, this is logrolling.
Hoi Chong Transport, Ltd., operates a fleet of delivery trucks in Singapore. The company has determined that if a truck is driven 177,000 kilometers during a year, the average operating cost is 12.3 cents per kilometer. If a truck is driven only 118,000 kilometers during a year, the average operating cost increases to 15.5 cents per kilometer.
Required:
a. Using the high-low method, estimate the variable and fixed cost elements of the annual cost of the truck operation.
b. Express the variable and fixed costs in the form Y = a + bX.
c. If a truck were driven 147,000 kilometers during a year, what total cost would you expect to be incurred?
Douglas owns rental property that he bought several years ago for $250,000. He has taken depreciation on the house in the amount of $35,000 since buying it. He sells it in 2020 for $290,000. His selling expenses are $12,000 for the year. What was Bob's realized gain on the sale?
a. $77,000.
b. $63,000.
c. $18,000.
d. $53,000.
Answer:
Gain= $63,000
Explanation:
First, we need to calculate the book value:
Book value= purchase price - accumulated depreciation
Book value= 250,000 - 35,000
Book value= 215,000
Now, the gain or loss from the sale:
Gain/loss= selling price - book value - selling expense
Gain/loss= 290,000 - 215,000 - 12,000
Gain= $63,000
Jake lives in Detroit and runs a business that sells boats. In an average year, he receives $722,000 from selling boats. Of this sales revenue, he must pay the manufacturer a wholesale cost of $422,000; he also pays wages and utility bills totaling $268,000. He owns his showroom; if he chooses to rent it out, he will receive $2,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Jake does not operate this boat business, he can work as a paralegal, receive an annual salary of $21,000 with no additional monetary costs, and rent out his showroom at the $2,000 per year rate. No other costs are incurred in running this boat business.
Identify each of Felix’s costs in the following table as either an implicit cost or an explicit cost of selling guitars.
Implicit Cost Explicit Cost
The wholesale cost for the guitars that Felix pays the manufacturer
The rental income Felix could receive if he chose to rent out his showroom
The salary Felix could earn if he worked as a paralegal
The wages and utility bills that Felix pays
Complete the following table by determining Felix’s accounting and economic profit of his guitar business. Profit (Dollars)Accounting Profit Economic Profit
Answer:
Explicit Cost
The wholesale cost for the guitars that Felix pays the manufacturerThe wages and utility bills that Felix paysImplicit Cost
The salary Felix could earn if he worked as a paralegal The wages and utility bills that Felix paysAccounting profit = $32,000
Economic profit = $9,000
Explanation:
Accounting profit= total revenue - explicit cost
Total revenue =price x quantity sold
Explicit cost includes the amount expended in running the business.
They include rent , salary and cost of raw materials
Economic profit = accounting profit - implicit cost
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives
what the modern era quantiteve approach manegmet
Answer:
The quantitative approach to management makes some suggestions to solve different problems facing the managers. It tells the managers to solve their problems with the help of the mathematical and statistical formulas. Some special formulas have been prepared to solve managerial problems.
Explanation:
Rocky Guide Service provides guided 1–5 day hiking tours throughout the Rocky Mountains. Wilderness Tours hires Rocky to lead various tours that Wilderness sells. Rocky receives $1,600 per tour day, and shortly after the end of each month Rocky learns whether it will receive a $160 bonus per tour day it guided during the previous month if its service during that month received an average evaluation of "excellent" by Wilderness customers. The $1,600 per day and any bonus due are paid in one lump payment shortly after the end of each month.
On July 1, based on prior experience, Rocky estimated there is a 40% chance it will earn the bonus for July tours. It guided a total of 10 days from July 1–July 15.
On July 16, based on Rocky’s view that it had provided excellent service during the first part of the month, Rocky revised its estimate to an 90% chance it would earn the bonus for July tours. Rocky also guided customers for 15 days from July 16–July 31.
On August 5 Rocky learned it did not receive an average evaluation of "excellent" for its July tours, so it would not receive any bonus for July, and received all payment due for the July tours.
Rocky bases estimates of variable consideration on the expected value it expects to receive.
Required:
Prepare the journal entries to record the transactions above.
Answer:
Please find the complete question in the attached file.
Explanation:
Rocky believed there would be a [tex]30\%[/tex] possibility of a July bonus for touring, i.e [tex]< 50\%[/tex], from July 1-July 15 (10 days)-. Therefore no bonus can be calculated as [tex]\$2,400[/tex] / day trip \times 10 days =[tex]\$2,400[/tex] throughout this duration.
The expected 15-day revenues from 16th July – 31st July may well be calculated as [tex]\$2,400 \times 15 \ days = \$36.000.[/tex] Rocky calculated that it would get the bonus [tex]80\%[/tex] of the time. Estimates a [tex]\$240/day\ bonus \times (10\ days + 15\ days) = \$6,000[/tex]
An outside supplier offers to provide Epsilon with all the units it needs at $64.50 per unit. If Epsilon buys from the supplier, the company will still incur 40% of its overhead. Epsilon should choose to:
Answer:
See below
Explanation:
The above is an incomplete question. However, the beginning part from similar question is
Epsilon co. Can produce a unit of product for the following costs. Direct material Direct labor overhead total cost per unit
$8.20 $24.20 $41 $73.40
Calculation to determine what Epsilon should choose
Relevant costs to make = $8.2 + $24.20 + [$41 × (100% - 40%)]
Relevant costs to make = $8.2 + $24.20 + ($41 × 60%)
Relevant costs to make = $8.2 + $24.20 + $24.6
Relevant costs to make = $57
Therefore, Epsilon should choose to:
Make since the relevant cost to make it is $57
According to the authors, price controls on water, designed to ensure that lower income people can afford water, have resulted in
Answer: a. a reduced supply of usable water
Explanation:
I am unsure as to the text being referred to but this should be the correct answer.
The market allocates resources efficiently based on price. This means that it sets the price such that people who can afford the goods are able to buy them. This ensures that not everybody gets the good and the good can be sustainably used.
If the government imposes price controls on a good as they did here. The market would be unable to efficiently allocate the water so more people than before would be able to access it. This would lead to the supply being used up so there will be a reduced supply of the good which in this case is water.
Giorgio Italian Market bought $8,800 worth of merchandise from Food Suppliers and signed a 90-day, 6% promissory note for the $8,800. Food Supplier's journal entry to record the collection on the maturity date is: (Use 360 days a year.)
Answer and Explanation:
The journal entry to record the collection is shown below:
Cash $8,932
To Interest Revenue $132 ($8,800 ×90 ÷ 360 × 6%)
To Notes Receivable $8,800
(being the collection is recorded)
Here cash is debited as it increased the assets, credited the interest revenue and note receivable as it increased the revenue but decreased the assets
