Answer:
5.76%
Explanation:
The solution is as follows,
=> (1 + 0.10) = (1 + r) * (1 + 0.04)
=> r = (1.1 / 1.04) - 1
=> r = 5.76%
Hope this clear things up.
Thankyou.
Answer:
The real rate of return on this bond is 5.77%
Explanation:
1. Let's review the information given to us to answer the question correctly:
Nominal rate = 10% = 0.1
Inflation rate = 4% = 0.04
2. What is the real rate of return on this bond?
Let's recall the formula of the Real Rate of Return:
Real Rate of Return = (1 + Nominal rate/1 + Inflation rate) - 1
Replacing with the values we know, we have:
Real Rate of Return = (1 + 0.1/1 + 0.04) - 1
Real Rate of Return = 1.0577 - 1
Real Rate of Return = 0.0577 or 5.77%
Concord Company had the following department information about physical units and percentage of completion: Physical Units Work in process, May 1 (65%) 60800 Completed and transferred out 181000 Work in process, May 31 (35%) 50000 If all materials are added at the beginning of the production process, what is the total number of equivalent units for materials during May
Answer:
the total number of equivalent units for materials during May are 231,000
Explanation:
Note : all materials are added at the beginning of the production process.
This means that Both the Units in Closing Work In Process and the Units Completed and Transferred to Finished Goods are 100% complete in terms of Material input.
Closing Work In Process (50000×100%) = 50,000
Completed and Transferred to Finished Goods (181000×100%) = 181,000
Total number of equivalent units = 231,000
How does the Open Market Trading Desk conduct its operations? A. by sending its buy and sell orders to the U.S. Treasury for execution B. overminustheminuscounter electronically with private securities dealers C. directly with private securities dealers on the floor of the New York Stock Exchange D. directly with private securities dealers on the floor of the Federal Reserve Bank of New York
Answer:
B. over the counter electronically with private securities dealers
Explanation:
The open market operations are conducted by the trading desks at the federal reserve bank and the ranges of the securities include the federal reserves that are authorized to sell in relative limits. This involves the buying and selling of the self-government securities the markets are flexible and thus mostly used as a tool in the monetary policy. Over the counter involves the off exchange's trading that is done directly between the two parties and does not need the supervision of exchange and is a type of decentralized market.On August 5, 2021, Blossom Furniture shipped 30 dining sets on consignment to Furniture Outlet, Inc. The cost of each dining set was $450 each. The cost of shipping the dining sets amounted to $4600 and was paid for by Blossom Furniture. On December 30, 2021, the consignee reported the sale of 20 dining sets at $950 each. The consignee remitted payment for the amount due after deducting a 7% commission, advertising expense of $700, and installation and setup costs of $880. The amount cash received by Blossom furniture is_________
Answer:
$16,280
Explanation:
The computation of Cash received is shown below:-
Sale of Dining Set - 20 Nos × $950 $19,000
Less: Deduction by Consignee
Commission - 6% $1,140
($19,000 × 6%)
Less: Advertisement expenses $700
Less: Installation and setup costs $880
Cash received $16,280
Therefore for computing the cash received we simply deduct the all expenses from Sale of Dining set
The cash received by Blossom Furniture after selling 20 dining sets on consignment, accounting for commission, advertising, and installation expenses, is $16,090.
To calculate the amount of cash received by Blossom furniture, we need to consider the sale of 20 dining sets at $950 each, the consignee commission, and the additional expenses reported, as follows:
Total sales: 20 sets[tex]\times[/tex] $950 = $19,000
Commission (7% of total sales): 0.07 [tex]\times[/tex] $19,000 = $1,330
Advertising expense: $700
Installation and setup costs: $880
Total deductions: $1,330 (Commission) + $700 (Advertising) + $880 (Installation) = $2,910
Amount remitted to Blossom Furniture: Total Sales - Total Deductions = $19,000 - $2,910
Therefore, the cash received by Blossom furniture is $16,090.
A company has the following balances in its stockholders' equity accounts on December 31, Year 1: Treasury Stock, $660,000; Common Stock, $410,000; Preferred Stock, $1,700,000; Retained Earnings, $1,250,000; and Additional Paid-in Capital, $6,900,000. Required: Prepare the stockholders' equity section of the balance sheet for the company as of December 31, Year 1. (Amounts to be deducted should be indicated by a minus sign.)
Answer and Explanation:
The preparation of the stockholders' equity section of the balance sheet for the company is shown below:
Common stock $410,000
Add: Preferred stock $1,700,000
Add: Retained earnings $1,250,000
Add: Additional paid in capital $6,900,000
Less: treasury stock -$660,000
Total amount $9,600,000
We simply added the all the items except the treasury stock as it is to be deducted and the same is shown above
Step 1 Do some research that can enable you to develop a perceptual map based on High/Low Quality and High/Low Price including the 13 candy bars just identified. How could this information be helpful for Hershey? Which company’s products do you prefer? Why? Step 2 Do some research that can enable you to develop a perceptual map based on High/Low Calories and High/Low Nutrition including the 13 candy bars just identified. How could this information be helpful for Hershey?
Answer:
1) The attached perceptual guide will be helpful for Hershey to position another item. Note that the principal quadrant of this perceptual guide is relatively vacant while the second and the third quadrants are swarmed with numerous players including Hershey's own particular items. There is use to position an item in the fourth quadrant which is High Price however low Quality. In the event that Hershey can position its item in the principal quadrant i.e. High caliber and High Price, it should confront a lesser rivalry and because of the high value, it can have higher edge per unit of offers.
2) It is important for Hershey to research in depth about the ingredients and nutrition value of each of the candy bars made by their competitors. It will then help Hershey to identify one unique selling point which can help them produce and market a unique product in the market, using an innovative pricing structure. This will help to formulate a future strategy to counter competition and position themselves well in the global market.
Explanation:
he following information is available for Jacqui's Jewelry and Gift Store: Net Income $5,000 Depreciation Expense 2,500 Increase in Deferred Tax Liabilities 500 Decrease in accounts receivable 2, 000 Increase in inventories 9,000 Decrease in accounts payable 5,000 Increase in accrued liabilities 1,000 Increase in property and equipment 14,000 Increase in short-term notes payable 19,000 Decrease in long-term bonds payable 4,000 What is net cash flow from Financing Acti
Answer:
$15,000
Explanation:
This can be calculated as follows:
Details Amount ($)
Increase in short-term notes payable 19,000
Decrease in long-term bonds payable (4,000)
Net cash flow from Financing Activities 15,000
Therefor, net cash flow from Financing Activities $15,000.
Based on the information given the net cash flow from Financing Activities is $15,000.
Cash flow from financing activities
Increase in short-term notes payable $19,000
Less Decrease in long-term bonds payable ($4,000)
Net cash flow from Financing Activities $15,000
($19,000-$4,000)
Inconclusion the net cash flow from Financing Activities is $15,000.
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As part of its new Lean program, Qwik-and-Done has signed a long-term contract with Lighting Manufacturers and will now place orders for its LED lamps electronically. Ordering costs will drop to $0.50 per order, but carrying costs are raised to $19.1/lamp. What is the new EOQ?
Answer:
≈ 10 lamps
Explanation:
I think your question is missed of key information, allow me to add in and hope it will fit the original one.
Annual demand is: 2000
My answer:
Given that:
Demand: 2000 (D) Ordering cost: $0.50 per order (S) Holding cost (carrying costs ): $19.1/lamp (H)So the new EOQ is calculated as the following:
EOQ = [tex]\sqrt{\frac{2DS}{H} }[/tex]
<=> EOQ = [tex]\sqrt{\frac{2*2000*0.5}{19.1} }[/tex]
<=> EOQ = 10.23 ≈ 10 lamps
Hope it will find you well.
Martinez, Inc. acquired a patent on January 1, 2017 for $41,800 cash. The patent was estimated to have a useful life of 10 years with no residual value. On December 31, 2018, before any adjustments were recorded for the year, management determined that the remaining useful life was 6 years (with that new estimate being effective as of January 1, 2018). On June 30, 2019, the patent was sold for $26,800.
Answer:
Martinez, Inc. acquired a patent on January 1, 2017 for $41,800 cash. The patent was estimated to have a useful life of 10 years with no residual value. On December 31, 2018, before any adjustments were recorded for the year, management determined that the remaining useful life was 6 years (with that new estimate being effective as of January 1, 2018). On June 30, 2019, the patent was sold for $26,800. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)
Required:
a. Prepare the journal entry to record the acquisition of the patent on January 1, 2017.
b. Prepare the journal entry to record the annual amortization for 2017.
c. Compute the amount of amortization that would be recorded in 2018. (Round your final answer to the nearest whole dollar.)
d. Determine the gain (loss) on sale on June 30, 2019. (Round your intermediate calculations and final answer to the nearest whole dollar.)
e. Prepare the journal entry to record the sale of the patent on June 30, 2019. (Round your intermediate calculations and final answer to the nearest whole dollar.)
a) Journal Entry to record acquisition of patent:
January 1, 2017:
Debit Patent Account with $41,800
Credit Cash Account with $41,800
Being acquisition of patent with cash
b. Prepare the journal entry to record the annual amortization for 2017.
Annual amortization = $41,800/10 years = $4,180
Journal entry to record the annual amortization for 2017:
December 31, 2017
Debit Amortization Expenses with $4,180
Credit Accumulated Patent Amortization with $4,180
Being 2017 amortization expense.
c. Compute the amount of amortization that would be recorded in 2018. (Round your final answer to the nearest whole dollar.)
New amortization for 2018 would be ($41,800 - $4,180) /6 years = $6,270
d. Determine the gain (loss) on sale on June 30, 2019. (Round your intermediate calculations and final answer to the nearest whole dollar.)
Loss on sale on June 30, 2019:
Patent Account minus accumulated amortization to date
2019 Amortization up to June 30, 2019 = $6,270/2 = $3,135
Accumulated amortization = 2017 + 2018 + 2019 amortizations
= $(4,180 + 6,270 + 3,135) = $13,585
Patent Book Value = $41,800 -$13,585 = $28,215
Loss on sale = Sales minus book value = $(26,800 - 28,215) = ($1,415)
e. Prepare the journal entry to record the sale of the patent on June 30, 2019. (Round your intermediate calculations and final answer to the nearest whole dollar.)
Journal entries to record the sale of the patent on June 30, 2019:
June 30, 2019:
Debit Cash with $26,800
Debit Loss on Sale with $1,415
Credit Patent Account with $ $28,215
Being cash and loss realized on sale of patent.
Debit Amortization with $3,135
Credit Accumulated Amortization with $3,135
Being amortization expense for 6 months.
Debit Accumulated Amortization with $13,585
Credit Patent Account with $13,585
Being entries to close the accounts.
Explanation:
Amortization is the depreciation term for intangible assets. While tangible assets are depreciated over their useful life, intangible assets are amortized.
The essence is to match revenue over the periods for which the cost was incurred in accordance with GAAP.
Similar treatments are given to amortization like depreciation, including annual expensing, accumulation, and loss and gain on sale or retirement of the intangible.
The roles of money Darnell is heading out to lunch. He goes to the bank and withdraws $30 from his savings account. He heads to a local deli that sells half sub sandwiches for $4.99 and whole subs for $7.99. Darnell decides that he's pretty hungry and goes for the whole. He pays with a $10 bill and tells the cashier to keep the change. Identify what role money plays in each of the following parts of the story. Hint: Select each role only once. Role of Money Medium of Exchange Unit of Account Store of Value Darnell buys his lunch with a $10 bill. Darnell can easily determine that the whole sandwich, while twice as long as the half, is priced at less than twice as much. Darnell accumulates money in his savings account for future purchases. Grade It Now Save
Answer:
In the first case Darnell esteem the merchandise in quite a while of cash so for this situation cash assumes a job as unit of record (Unit of record is something which can be utilized to esteem the products and ventures).
In the event that Darnell stores the cash to use in future, at that point it very well may be said that Sean is putting away his cash to utilize it in future. So for the second case cash assumes third job for example store of worth.
In third case Darnell purchased nourishment by taking care of tab of $10 so actually Darnell is trading nourishment with his cash. In third case cash assumes first job that is vehicle of trade.
Answer:
Value Darnell buys his lunch with a $10 bill. MEDIUM OF EXCHANGE
Darnell can easily determine that the whole sandwich, while twice as long as the half, is priced at less than twice as much. UNIT OF ACCOUNT
Darnell accumulates money in his savings account for future purchases. STORE OF VALUE
Explanation:
The four functions our roles of money are:
unit of account: serves as a common measure of the value of products and servicesstore of value: money is able to hold its value over time, so it can store value medium of exchange: you are able to buy and sell different products or services using money standard of deferred payment: money enables you to lend or borrow, and interest can be charged on itSuppose the government imposes a price floor of $28 in this market. If the sellers with the lowest cost are the ones who sell the good and the government does not purchase any excess units produced, then total surplus will be
Answer:
$1120
Explanation:
The chart of the question is in the below image.
Consumer surplus is the area above the price line and below the demand curve whereas producer surplus is the area below the price line and above the supply curve. These areas can be calculated by using the formula of area of a triangle which is
If the government imposed a price floor of $28 then the consumer surplus will be:
A = (1/2)×$40×($48 -$28)
A = $400
The producer surplus = ($28 -$20)×$40 + (1/2)×($20-$0)×($40 -$0)
The producer surplus = $8× $40 + $400 = $320+$400 = $720
Total surplus can be calculated as:
Total Surplus = Consumer surplus + Producer Surplus
Total Surplus = $400 + $720 = $1120
Total Surplus is $1120
Final answer:
A government-imposed price floor above the equilibrium price causes a surplus in the market, decreasing the consumer surplus and potentially altering the producer surplus, overall reducing the total economic surplus and market efficiency.
Explanation:
The student is asking about the economic impact of a government-imposed price floor that is above the equilibrium price in a market. In such a scenario, a price floor will lead to an excess supply, or surplus, because the increased price will decrease the quantity demanded while simultaneously increasing the quantity supplied. To determine the total economic surplus after a price floor is implemented, we need to understand that the total surplus is the sum of the consumer surplus and producer surplus. A price floor above equilibrium will almost surely decrease the consumer surplus, as consumers will have to pay higher prices, subsequently buying less of the good. The producer surplus might increase for those who can sell the good at the higher price, but it will be offset by a reduced volume of sales due to the lower quantity demanded. This leads to a decrease in total economic surplus, indicating a loss of economic efficiency in the market.
Johnson Fine Wines recently purchased a new grape press for $150,000. The annual operating and maintenance costs for the press are estimated to be $4,000 the first year. These costs are expected to increase by $5,000 each year after the first. The market value is expected to decrease by $25,000 each year to a value of zero. Installation and removal of a press each cost $3,500. Using an interest rate of 9%, determine the economic life of the press.
Answer:
1 years
Explanation:
We use the Excel sheet to calculate the economic life the other press.
The data input would be explained as following:
+) Column A: End of year i
+) Column B: The salvage value of the press
Year 0, the salvage value = First cost = $150,000
As each year, the market value would decrease $25,000, so that the savage value of year i= 150,000 - 25,000 * i
=> Column B = 150,000 - 25,000 * Column A
+) Column C is the present worth of salvage value of the press, calculated as below:
PV Salvage value year i = [tex]\frac{Salvage Value}{(1 + interest rate)^{i}} = \frac{Salvage Value}{(1 + 0.09)^{i}} = \frac{Column B}{1.09^{A}}[/tex]
+) Column D is the equivalent annual cost (EAC) of capital, can be calculated by the formula:
EAC (Capital) Year i = (First cost - PV Salvage value year i) × [tex]\frac{interest rate}{1- (1+ interest rate)^{-i}}[/tex]
= (150,000 - Column C) × [tex]\frac{0.09}{1- 1.09^{-A}}[/tex]
+) Column E is the maintenance and operation cost of the press.
O&M Cost of year 1 is $4,000
As this cost are expected to increase by $5,000 each year, so that since year 2:
O&M Cost Year i = 4,000 + 5,000*(i-1) = 4,000 + 5,000*(Column A-1)
+) Column F is total cost of operation and maintenance, installation and removal of press
=> Column F = Column E + 3,500
The total cost of O&M, I&R in the year 1 = 7500
+) Column G is the EAC of the cost above
EAC in the Year 1 = PV Cost x [tex]\frac{0.09}{1- 1.09^{-A}}[/tex] = [tex]\frac{7500}{1.09^1}[/tex] × [tex]\frac{0.09}{1- 1.09^{-A}}[/tex] = 7500
Since year 2:
EAC in year i = EAC Year (i -1) + (Total cost Year i - EAC Year i - 1) × [tex]\frac{ 1 }{1.09^i}[/tex]× [tex]\frac{0.09}{1- 1.09^{-A}}[/tex]
+) Column H = EAC Total = D + G
The year with the minimum EAC Total value is the economic life of the press.
As we can see from the excel sheet, the mininum EAC is at the end of year 1
=> Economic life of the press if 1 year
A firm had been sued and found guilty of religious discrimination against people who practiced Judaism, and managers were instructed to be very careful to avoid another similar suit. To that end, Jewish employees, but not others, were given raises. Of the following, what is the most correct assessment of this policy? a.the policy is sound, both legally and ethicallyb.the policy is sound legally, but not ethicallyc.the policy is neither legally nor ethically soundd.none of these
Answer: c.the policy is neither legally nor ethically sound
Explanation:
You cannot reply discrimination with reverse discrimination because it is still discrimination. What the company just did was to pay Jews more money simply because they were Jews or rather people who practice Judaism and pay those who don't practice it less. That is not ethical because it is discrimination in the work place
The US Constitution holds that all people be treated equal and paying people different amounts owing to their ethnicity contravenes the Constitution and is therefore illegal.
Even if they had good intentions at heart, what they did was illegal, unethical and can even be considered bribery to get back on the good side of the people practicing Judaism.
A part is produced in lots of 1,000 units. It is assembled from 2 components worth $50 total.The value added in production (for labor and variable overhead) is $60 per unit, bringing total costs per completed unit to $110.The average lead time for the part is 6 weeks and annual demand is 3,800 units, based on 50 business weeks per year.1.1 What is the Average Cycle Inventory? (The units of the parts held, on average, in cycle inventory)1.2. What is the Pipeline Inventory? (The units of the part held, on average, in pipeline inventory)Please show work
Answer:
A. 55,000
B.$36,480
Explanation:
a. Average cycle inventory
=Q÷2
=1000÷ 2
=500 units
Value of cycle inventory
= (500 units) × ($50+$60)
=500 units ×110
= $55,000
b. Pipeline inventory let assume that typical part in pipeline is 50% completed.
Unit cost = material + half of labor and variable overhead
= $50 + $30 = $80
Average pipeline inventory = dL
= [(3800 units/year)/(50wks/yr)] x (6 weeks)
= 456 units
Value of the pipeline inventory
= (456 units) x ($50+$30)
=456 units ×80
= $36,480
Burt Inc. has a number of divisions, including the Indian Division, a producer of liquid pumps, and Maple Division, a manufacturer of boat engines.
Indian Division produces the h20-model pump that can be used by Maple Division in the production of motors that regulate the raising and lowering of the boat engine's stern drive unit. The market price of the h20-model is $720, and the full cost of the h20-model is $540.
Required:
1. If Burt has a transfer pricing policy that requires transfer at full cost, what will the transfer price be?
$
Do you suppose that Indian and Maple divisions will choose to transfer at that price?
Maple Division chooses to transfer
Indian Division refuses to transfer
2. If Burt has a transfer pricing policy that requires transfer at market price, what would the transfer price be?
$
Do you suppose that Indian and Maple divisions would choose to transfer at that price?
Maple Division chooses to transfer
Indian Division chooses to transfer
3. Now suppose that Burt allows negotiated transfer pricing and that Indian Division can avoid $120 of selling expense by selling to Maple Division.
Which division sets the minimum transfer price?
Indian Division
What is the minimum transfer price?
$
Which division sets the maximum transfer price?
Maple Division
What is the maximum transfer price?
$
Do you suppose that Indian and Maple divisions would choose to transfer somewhere in the bargaining range?
Answer:
Pls look up details of ans in attached file
Explanation:
Karen and Mike currently insure their cars with separate companies, paying $400 and $600 a year. If they insured both cars with the same company, they would save 15 percent on the annual premiums. What would be the future value of the annual savings over 10 years based on an annual interest rate of 3 percent
Answer:
$1,720
Explanation:
Total annual premium for both Karen and Mike = $400 + $600 = $1,000
If they insured both cars with the same company, they would save 15% on the annual premiums -> the annual saving = 15% * $1,000 = $150
We use formula FV to calculate the future value of annual payment:
= FV(rate, number of payment, - payment) = FV(3%,10,-150) = $1,720
Karen and Mike's combined annual savings of $150 on automobile insurance, invested at a 3 percent interest rate over 10 years, will have a future value of $1,721.93.
Karen and Mike are looking to save money on their automobile insurance by insuring their cars with the same company. To calculate their annual savings, we'll first determine the total cost of insuring their cars separately and then the cost when they're combined with a 15 percent discount. After that, we can calculate the future value of these annual savings over a period of 10 years at an interest rate of 3 percent.
Separately, Karen and Mike pay $400 and $600, respectively, amounting to $1,000 together. If they combine their insurance with a 15 percent discount, they'll pay $850 ($1,000 - $150). Their annual savings will therefore be $150. Using the future value formula for an annual investment, which is Future Value = Savings x [(1 + interest_rate) ^ number_of_years - 1] / interest_rate, we'll calculate the future value of saving $150 each year for 10 years at a 3 percent interest rate.
Their future savings can be calculated as follows: Future Value = $150 x [(1 + 0.03) ^ 10 - 1] / 0.03 = $150 x [1.343916379 - 1] / 0.03 = $150 x 11.4795638 = $1721.93 (rounded to two decimal places). So, the future value of Karen and Mike's annual savings over 10 years is $1,721.93.
In this year's fair, you want to emphasize preventative health care. You have found that few employees take advantage of preventative health care options provided by the company. Which of the following statements is most likely to encourage employees to take action? Multiple Choice A. Most people don't take action until it's too late. This presentation will show you the many preventative health care options available to you that have lasting and positive impacts now and in the future. B. Most people don't take action until it's too late. This presentation will show you the many preventative health care options that help you avoid health crises now and in the future. C. Feel better in less than 30 days and focus on your long-term wellness. This presentation will show you the many cost-free preventative health care options available to you that make a difference now and in the future.
Answer:
The Answer is A .
Most people don't take action until it's too late. This presentation will show you the many prevetative health care options available to you that have lasting positive impacts now and in the future.
Explanation:
Statement C is most likely to encourage employees as it offers immediate results, emphasizes long-term wellness, and appeals to cost considerations; qualities that align with the principles of preventative healthcare.
Explanation:The objective here is to convince employees to consider preventative healthcare options, and while all statements emphasize the value of preventative measures in some way, they differ in the approach taken. Statement
C
gets my vote as the most encouraging one. It takes a positive approach, offering a quick result ('Feel better in less than 30 days') and focuses on the benefit of long-term wellness. The inclusion of '
cost-free
' is crucial since many employees shy away from such options fearing hidden costs. This statement aligns with the shift to health maintenance organizations (HMOs), who focus on preventative care. According to the U.S healthcare system model, these organizations aim to provide care to prevent future health problems, which, in principle, is what preventative health care should do.
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NuArt Company’s budgeted production for November is 5,500 units. Budgeted component unit costs include: direct materials, $24; direct labor, $30; variable overhead, $18. Budgeted fixed overhead is $100,000. NuArt’s actual production for November was 6,000 units. Actual component unit costs include: direct materials, $24.50; direct labor, $29; variable overhead, $18.40. Actual fixed overhead was $94,000. NuArt’s flexible budget amount for direct labor in November would be:
Answer:
A. 99,000
Explanation:
Production budget amount for variable overhead = Units * Budgeted component unit for variable overhead
= 5,500 Units * $ 18
= $ 99,000
Hence the correct answer is A. 99,000
Sensitivity analysis:A. is more difficult to conduct than simulation analysis.B. provides its user with the rate of return that corresponds to the project's IRR.C. is affected primarily by the interrelationships between project variables.D. indicate which variables need to be most closely monitored.E. provides limited information and therefore is rarely used in practice.
Answer: C. is affected primarily by the interrelationships between project variables
Explanation: Sensitivity Analysis is a study which helps identify the effects of a set of independent variables on some dependent variable under certain predetermined conditions. It aids in identifying the changes in a given variable. But doesn't consider probability of such a change occuring. It aids decision making due to information it provides from comparing variables in a project.
Which of these statements about a business plan is true?
A. Businesses do not need to document a business plan.
B. Established businesses do not create a business plan.
C. A business plan is a business’s roadmap for the future.
D. A business plan guarantees a business’s success.
True statement for a business plan among following :
(C)Business Plan Provide Road map for future plan true statement for a business plan .
A business plan is a written description of your business's future. That's all there is to it--a document that describes what you plan to do and how you plan to do it.
Explanation:
A business plan can help to direct business for its future and avoid bumps in the road. A Business Plan series provides detailed instructions for working through each section of the business plan.
Although Business plan doesn't guarantee success but provide detailed financial projections, forecasts about your business's performance, and a marketing plan that may help to achieve business goals.
Answer:i think im not sure C. A business plan is a business’s roadmap for the future
Explanation:
a warranty is an example of a
Answer:
For example, when you buy a new car from a car dealer, the warranty states that the car works. If the car doesn't work, the warranty gives the owner the right to have the dealer fix the car under certain conditions (length of time, cause of damage, etc.). These conditions are typically spelled out in the warranty.
Explanation:
Answer:
im not sure if this is the answer your looking for its my first time here but a warranty is an example of a contingent liability. :)
Explanation:
Exercise 22-18 Manufacturing cycle time and efficiency LO A4 Oakwood Company produces maple bookcases to customer order. The following information is available for the production of the bookcases.
Process time 7.0 days
Inspection time 0.6 days
Move time 4.8 days
Wait time 5.0 days
1. Compute the company's manufacturing cycle time
2. Compute the company's manufacturing cycle efficiency
Answer:
1. The company's manufacturing cycle time is 17.4 days.
2. The company's manufacturing cycle efficiency is 0.40
Explanation:
1. Manufacturing cycle time
= Process time + inspection time + move time + wait time
= 7 + 0.6 + 4.8 + 5
= 17.4 days
Therefore, The company's manufacturing cycle time is 17.4 days.
2. manufacturing cycle efficiency
= process time/manufacturing cycle time
= 7/17.4
= 0.40
Therefore, The company's manufacturing cycle efficiency is 0.40
Capitalizing on the customer's complaints about the previous detergents she has used, Sheila, a salesperson, explains to the customer why her company's detergent Swish is better and how it can be a one-stop solution for everyday washing In which of the following steps of the selling process is Sheila?
A) follow-up
B) handling objections
C) preapproach
D) presentation
E) prospecting
Answer:
The correct answer is letter "D": presentation.
Explanation:
The selling steps is the process by which consumers are engaged in the purchase of a good or service influenced by a seller. Those steps are prospecting and qualifying, preparation, approach, presentation, overcoming objections, closing the sale, and following up.
In the presentation phase, consumers are given the information about the product portrayed highlighting its benefits over competitors. Sellers have the mission to attract consumers' attention by creating in consumers the need for purchasing the products.
7) The capital asset pricing model: (a) Provides a risk return trade off in which risk is measured in terms of beta (b) Measures risk as the correlation coefficient between a security and market rates of return (c) Provides a risk return trade off in which risk is measured in terms of yield to maturity (d) None of the above
Answer: Provides a risk return trade off in which risk is measured in terms of beta (A)
Explanation:
The Capital Asset Pricing Model (CAPM) describes the relationship that exist between systematic risk and the expected return for assets, particularly stocks. The Capital Asset Pricing Model is widely used in finance for pricing risky securities and also for generating expected returns for an asset given the cost of capital and the risk of those assets.
The Capital Asset Pricing Model Formula is:
Expected Return= Risk-Free Rate+Beta( Market Return – Risk Free Rate).
For example, if the risk free rate is 10%, the market return is 15%, and the stock's beta is 3, then the expected return on the stock would be 25%
= 10% + 3 (15% – 10%)
= 10% + 3(5%)
= 10% + 15%
= 25%
It should be noted that the capital asset pricing model Provides a risk return trade off in which risk is measured in terms of beta.
According to the question, we are to discuss capital asset pricing model as regards to the business organization.As a result of this we can see that business can use a variety of pricing strategies in a situation where they need to sell their products because it Provides a risk return trade off in which risk is measured in terms of beta.
Therefore, option A is correct because, capital asset pricing model Provides a risk return trade off in which risk is measured in terms of beta..
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Estimate the value of a share of Intel common stock using the residual operating income (ROPI) model as of December 25, 2010; assume a discount rate (WACC) of 11%, common shares outstanding of 5,511 million, and net nonoperating obligations (NNO) of $(20,778) million (NNO is negative which means that Intel has net nonoperating investments).
Answer:
Using
F=P(1+i)^n equation
we will have
n=5 years
i=11%=0.11
P=5511 million
F=23424 million
Manson Company incurred costs of $5,720,000 for the acquisition and development of a mineral deposit. The company expects to extract 2,200,000 tons during a four-year period, after which the mineral deposit is expected to have no residual value. The company extracted 880,000 tons during the current year. What was the depletion expense for the current year
Answer:
Average depletion rate per ton = 5720000/220000
= 2.6
Current year depletion = (880000 * 2.6)
= 2288000
The January 28, 2017 (fiscal year 2016) financial statements of Caleres, Inc. reported the following information (in thousands). 2016 2015 Cost of sales $1,517,397 $1,529,527 Inventories, net 585,764 546,745 LIFO reserve 4,345 4,094 If Caleres had used the FIFO method of inventory costing, 2016 COGS would have been: A. $1,517,648 thousand B. $1,551,301 thousand C. $1,553,198 thousand D. $1,517,146 thousand E. None of the above
To convert Caleres, Inc.'s 2016 COGS from LIFO to FIFO, we add the change in the LIFO reserve ($251 thousand) to the LIFO COGS ($1,517,397 thousand). Thus, the FIFO COGS for 2016 would be (A) $1,517,648 thousand.
To determine Caleres, Inc.'s Cost of Goods Sold (COGS) under the FIFO inventory costing method for fiscal year 2016, we must consider the LIFO reserve adjustments. The LIFO reserve is an accounting measure used to adjust the value of inventory from LIFO (Last In, First Out) to FIFO (First In, First Out).
Given the data:
2016 Cost of sales (COGS) = $1,517,397 thousandLIFO reserve at the end of 2016 = $4,345 thousandLIFO reserve at the end of 2015 = $4,094 thousandThe change in LIFO reserve = 2016 LIFO reserve - 2015 LIFO reserve = $4,345 - $4,094 = $251 thousand
To convert from LIFO to FIFO, we add the change in the LIFO reserve to the LIFO cost of sales:
FIFO COGS = LIFO COGS + Change in LIFO reserve = $1,517,397 + $251 = $1,517,648 thousand
Therefore, if Caleres had used the FIFO method of inventory costing, the 2016 COGS would have been $1,517,648 thousand. The correct answer is A. $1,517,648 thousand.
According to Laudon and Laudon, which of the following is the most complete technical definition of an "organization"? Group of answer choices informal entity with internal rules and procedures that must abide by laws. collection of social elements. internal rules and procedures that must abide by laws and collection of social elements stable, formal social structure that takes resources from the environment and processes them to produce outputs, formal, legal entity with internal rules and procedures that must abide by laws, and collection of social elements
Answer:
Stable, formal social structure that takes resources from the environment and processes them to produce outputs
Explanation:
The technical definition of an "organization", according to Laudon and Laudon, focused on three elements of an organization which are stable, formal and social structures.
In terms of longevity and routineness, an organization is more stable than an informal group. Organizations are formal legal entities with internal rules and procedures that must abide by laws. Organizations are also social structures because they are a collection of social elements.
On February 1, 2021, Strauss-Lombardi issued 9% bonds, dated February 1, with a face amount of $860,000. The bonds sold for $786,220 and mature on January 31, 2041 (20 years). The market yield for bonds of similar risk and maturity was 10%. Interest is paid semiannually on July 31 and January 31. Strauss-Lombardi’s fiscal year ends December 31.Required: a. Prepare the journal entry to record their issuance by Strauss-Lombardi on February 1, 2013. b. Prepare the journal entry to record interest on July 31, 2013 (at the effective rate). c. Prepare the adjusting entry to accrue interest on December 31, 2013. d. Prepare the journal entry to record interest on January 31, 2014.
Answer:
cash 786,220 debit
discount on BP 73,780 debit
bonds payable 860,000 credit
--to record issuance of bonds below par--
interest expense 39311 debit
discount on BP 611 credit
cash 38700 credit
--to record first payment--
interest expense 39341.55 debit
amortization 641.55 credit
interest payable 38,700 credit
--to record accrued interest on Dec 31th--
interest payable 38,700 debit
cash 38,700 credit
--to record interest payment--
Explanation:
interest will be carrying value times market rate:
principal x rate x time
786,220 x 0.10 x 1/2 = 39,311
Then we compare agaisnt the actual cash outlay:
860,000 x 0.09 x 1/2 = 38,700
the difference is the amortization on the bond payable discount.
We adjust the caryring value:
786,220 - 611 = 785.609
and repeat the process.
The journal entries involve recording the bond issuance with debits to Cash and Discount on Bonds Payable, and a credit to Bonds Payable. Interest payments are recorded by debiting Interest Expense and crediting Cash and Discount on Bonds Payable. An adjusting entry to accrue interest involves debiting Interest Expense and crediting Interest Payable.
Journal Entry for the Issuance of Bonds
On February 1, 2013, when Strauss-Lombardi issued the bonds, the journal entry to record their issuance is as follows:
Debit Cash $786,220Debit Discount on Bonds Payable $73,780 (which is the difference between the face amount $860,000 and the cash received $786,220)Credit Bonds Payable $860,000Journal Entry for Interest Payment
On July 31, 2013, to record the interest expense using the effective interest rate method:
Debit Interest Expense for the amount calculated using the market yield (the effective interest rate of 10%)Credit Cash for the amount of interest paid ($860,000 x 9% x 1/2)Credit Discount on Bonds Payable for the difference between the interest expense and the interest paidAdjusting Entry to Accrue Interest
The adjusting entry on December 31, 2013, to accrue interest:
Debit Interest Expense for the amount of interest accrued since the last interest paymentCredit Interest Payable for the same amountJournal Entry for Interest Payment
On January 31, 2014, the interest payment entry:
Debit Interest Payable for the amount accrued at year endDebit Interest Expense for the amount accrued from January 1 to January 31Credit Cash for the total amount of interest paidStatz Company had sales of $1,800,000 and related cost of goods sold of $1,150,000 for its first year of operations ending December 31, 20Y1. Statz provides customers a refund for any returned or damaged merchandise. At the end of 20Y1, Statz Company estimates that customers will request refunds for 1.5% of sales and estimates that merchandise costing $16,000 will be returned. Assume that on February 3, 20Y2, Buck Co. returned merchandise with an invoice amount of $5,000 for a cash refund. The returned merchandise originally cost Statz Company $3,100.
Answer and Explanation:
Journal Entry Statz Company
a) 31-Dec-2021
Dr Sales (1,800,000*1.5%) $27,000.00
Cr Refunds Payable to Customer $27,000.00
Dr Estimated Returns Inventory $16,000.00
Cr Cost Of Merchandise Sold $16,000.00
b) 3-Feb-2022
Dr Refunds Payable to Customer$5,000.00
Cr Cash $5,000.00
Dr Merchandise Inventory $3,100.00
Cr Estimated Returns Inventory $3,100.00
All of the following are conducive to economic growth except
A. a reliable banking system
B. an unfavorable balance of trade and payments
C. a strong stock market and a government that discourages corruption
D. government policies that encourage investment and competition
Answer:
B. an unfavorable balance of trade and payments
Explanation:
The BOP or the balance of trade is defined as the net gains or net exports that make the balance of payments and is said to be favorable when the country export more and imports less and is a positive change. It is said to be negative when the country imports more and exports less thus unfavorable in terms of the trade and payments. Hence it means that the country has a deficit and this can impact the services and is not good for the economic growth perspective.