Answer:
c) Credit interest revenue
Explanation:
Financing Charge = Price X Rate
Financing Charge = $2,000 X 1.5% = $30
The accounts receivable will increase by way of debit of an amount of $30.
Interest revenue will increase by way of credit of an amount of $30.
The correct answer is: a. Credit Interest Revenue $30. The correct entry to record the finance charge on Greg’s Sport Shop’s books involves debiting Accounts Receivable and crediting Interest Revenue for $30.
To determine the correct entry to record the finance charge on Greg’s Sport Shop’s books, we need to calculate the finance charge and then identify the correct accounting entries. The treadmill cost $2,000, and the finance charge is 1.5% per month. Therefore, the finance charge is:
Finance Charge = $2,000 x 0.015 = $30
The correct journal entries involve debiting Accounts Receivable and crediting Interest Revenue to record the finance charge added to the customer's account:
Debit Accounts Receivable $30Credit Interest Revenue $30Thus, the correct choice is: a. Credit Interest Revenue $30
MakerMan Manufacturing creates heavy-duty hand tools. It produces a new collapsible hammer called the SmackN’Stash. One of the first purchasers of the hammer, Rob, is using it at a construction site when the hammer’s head flies off and injures his coworker Cliff. How does the concept of strict liability apply to this situation?
Answer:
Anyone who is injured by a defective product may sue the manufacturer, merchants and all others who handled the product.
Explanation:
Strict liability is a legal doctrine that holds a person responsible for the damages or loss caused by his or her acts or omissions. In torts, strict liability is the doctrine that imposes liability on a party or person without a finding of fault. A finding of fault would be negligence or tortious intent.
Strict liability is an important factor in maintaining safety in high-risk environments by encouraging individuals, employers, and other parties to implement the means to prevent injuries and damages. Construction, manufacturing, and other potentially dangerous work settings are typically subject to strict liability.
Strict liability holds manufacturers like MakerMan Manufacturing responsible for injuries caused by defective products like the SmackN’Stash hammer, regardless of intent or negligence. This legal principle places the onus on manufacturers to ensure the safety of their products, as they are better equipped to mitigate potential risks. In cases of product defects that result in injury, manufacturers can be required to compensate for damages without the injured party proving fault.
Strict Liability in Product Defect Cases
The concept of strict liability applies to situations where a party can be held legally responsible for damages or injuries caused by its products or activities, regardless of whether there was any intent to harm or negligence. In the case of MakerMan Manufacturing and the incident with the SmackN’Stash hammer, under strict liability, the company could be held liable for the coworker's injury simply because their product malfunctioned and caused harm. Strict liability is important in product liability cases because it ensures manufacturers are accountable for the safety of their products. If a product is found to be defective and causes injury, the manufacturer can be required to pay for damages without the injured party having to prove negligence or fault.
Strict liability is based on the principle that some activities or products inherently come with certain risks, and those who engage in manufacturing or selling such products are in the best position to prevent harm. Therefore, they are held responsible when their products fail to be safe for their intended use. Factors such as the manufacturer's quality control processes, design decisions, or how clear the instructions or warnings were could be considered in determining if the product was defective.
If three workers are assigned to a task lasting four days, two workers are assigned a task lasting three days, and one worker is assigned to a task lasting three days. The tasks can be completed independently of each other. If you are to schedule with a resource-limit, what is the minimum resource limit for the project
Three workers per day is minimum resource limit.
Explanation:
Every day he needs maximum of 3 workers, so this can be set of the minimum resource limit for the project.
Thus, the minimum resource limit for the project is - Three workers per day
All asset make and change demands are assessed against each LimitRange object in the task. In the event that the asset abuses any of the listed requirements, at that point the asset is dismissed. In the event that the asset doesn't set an express worth, and on the off chance that the imperative backings a default esteem, at that point the default esteem is applied to as far as possible is an edge for an asset the executives and helps control asset use. A procedure for overseeing limits takes into consideration the reallocation of assets to various clients or activities as necessities change.
The minimum resource limit for the project would be:
- 3 workers every day.
In the given scenario, each day requires at least three workers to accomplish the required task. The given descriptions suggest that a total of three workers are assigned, the first two for the initial three days and the latter for the last three days, and each one can finish it on themselves only.This implies that the lowest limit of human resources for the project would be 3 workers irrespective of the challenges or problems that might occur.
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Zeta Gaming Company has an opportunity to purchase a video game phone app that will cost $150,000. Zeta expects the demand for the app to start strong but to diminish as people tire of the game. The expected cash inflows are as follows: Year 1 Year 2 Year 3 Year 4 Year 5 $60,000 $50,000 $40,000 $30,000 $20,000 If Zeta uses the cumulative approach the payback period for this investment is
Answer:
Payback period for this invest = 3 years
Explanation:
According to the scenario, computation of the given data are as follows:
Cost = $150,000
So, cumulative cash flow can be calculated as follows:
Year Cash flows Cumulative cash flows
0 ($150,000) ($150,000 )
1 $60,000 ($90,000 )
2 $50,000 ($40,000 )
3 $40,000 $0
4 $30,000 -$30,000
5 $20,000 -$50,000
As this shows in year 3 the cumulative cash flow becomes 0.
Hence, the payback period is 3 years.
= 3 years
Four years ago, Bling Diamond, Inc., paid a dividend of $1.73 per share. The firm paid a dividend of $2.36 per share yesterday. Dividends will grow over the next five years at the same rate they grew over the last four years. Thereafter, dividends will grow at 5% per year. What will the firm’s cash dividend be in seven years?
Answer:
$2.90 approx
Explanation:
The computation of firm’s cash dividend be in seven years
First we need to find out the
Growth Rate = (Last Dividend ÷ Dividend 4 years ago)^(1 ÷ 4) - 1
= ($2.36 ÷ $1.73)^(1 ÷ 4) - 1
= $1.36^0.35 - 1
= 1.113624092 - 1
= 0.113624092
= 11.36%
Now we calculate for 5 years
Dividend in 5 years = $2.36 × 1.113624092
= $2.628
and Dividend in 7 Years = Dividend in 5 years × (1 + 5%)^2
= $2.628 × 1.05^2
= $2.628 × 1.1025
= $2.90 approx
Final answer:
To find the cash dividend paid by Bling Diamond, Inc. in seven years, we first calculate the historical growth rate, project the dividend after five years using this growth rate, and then apply a perpetual growth rate of 5% for the subsequent two years.
Explanation:
The question involves calculating the future value of dividends paid by Bling Diamond, Inc., given an initial growth rate followed by a perpetual growth rate. To determine the cash dividend Bling Diamond, Inc. will pay in seven years, we'll need to calculate the growth rate of the dividends over the last four years, apply this rate to project dividends for the next five years, and then apply the perpetual growth rate of 5% for the two additional years.
Calculation Steps:
Determine the historic growth rate of the dividends over the past four years using the formula for the growth rate (g): g = (D1/D0)^(1/n) - 1, where D0 is the dividend four years ago, D1 is the dividend today, and n is the number of years.Calculate the dividend in five years by compounding the current dividend with this growth rate for five years.Apply the perpetual growth rate of 5% to find the dividend in years six and seven.Let's go through the calculations:
Historic growth rate: g = ($2.36 / $1.73)^(1/4) - 1Dividend in five years: D1 = $2.36 * (1 + g)^5Dividend in seven years: D7 = D5 * (1 + 0.05)^2After these calculations, you'll have the forecasted dividend that Bling Diamond, Inc. will pay in seven years.
During 2021, its first year of operations, Hollis Industries recorded sales of $10,500,000 and experienced returns of $750,000. Cost of goods sold totaled $7,350,000 (70% of sales). The company estimates that 9% of all sales will be returned. Prepare the year-end adjusting journal entries to account for anticipated sales returns under the assumption that all sales are made for cash (no accounts receivable are outstanding).
Answer:
The adjusting entries are as follows
Explanation:
The adjusting entries are as follows
1. Sales return Dr $195,000
To Refund liabilities $195,000
(Being the sales return is recorded)
It is computed below:
= $10,500,000 × 9% - $750,000
= $195,000
2. Inventory estimated returns Dr $136,500
To Cost of goods sold $136,500
(Being the inventory estimated return is recorded)
It is computed below:
= $195,000 × 70%
= $136,500
Final answer:
To account for the anticipated sales returns, an adjusting journal entry is made. This involves debiting the Sales Returns and Allowances account and crediting the Sales Revenue account by the estimated return amount.
Explanation:
To account for the anticipated sales returns, we need to make an adjusting journal entry at the end of the year. Since the company estimates that 9% of sales will be returned, we need to calculate the estimated return amount. In this case, the estimated return amount is $10,500,000 * 9% = $945,000.
Now, let's make the adjusting journal entry. The first step is to debit the Sales Returns and Allowances account for the estimated return amount of $945,000. The offsetting credit entry is made to the Sales Revenue account, reducing it by the same amount. So, we credit the Sales Revenue account for $945,000.
The journal entry would be:
Debit: Sales Returns and Allowances - $945,000Credit: Sales Revenue - $945,000Aruna, a sole proprietor, wants to sell two assets that she no longer needs for her business. Both assets qualify as §1231 assets. The first is machinery and will generate a $14,250 §1231 loss on the sale. The second is land that will generate a $10,400 §1231 gain on the sale. Aruna’s ordinary marginal tax rate is 32 percent. (Input all amounts as positive values.) a. Assuming she sells both assets in December of year 1 (the current year), what effect will the sales have on Aruna’s tax liability?
The sales of the assets will result in a §1231 loss for Aruna. The taxable amount will reduce Aruna's tax liability.
Explanation:To determine the effect of selling the assets on Aruna's tax liability, we need to calculate the net §1231 gain/loss. The net §1231 gain/loss is calculated by subtracting the total §1231 losses from the total §1231 gains. In this case, the net §1231 gain/loss is ($10,400 - $14,250) = -$3,850. Since the net gain/loss is negative, Aruna will have a §1231 loss.
Next, we need to calculate the ordinary gain or loss on the sale of the assets. The ordinary gain/loss is calculated by multiplying the net §1231 gain/loss by the ordinary marginal tax rate. In this case, the ordinary loss is (-$3,850 * 0.32) = -$1,232.
Finally, we subtract the ordinary loss from the net §1231 gain/loss to calculate the taxable amount. The taxable amount is ($-3,850 - $-1,232) = -$2,618. Since the taxable amount is negative, it will reduce Aruna's tax liability.
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Destin Corp. is comparing two different capital structures. Plan I would result in 12,000 shares of stock and $120,000 in debt. Plan II would result in 11,500 shares of stock and $140,000 in debt. The interest rate on the debt is 6 percent. a. Ignoring taxes, compare both of these plans to an all-equity plan assuming that EBIT will be $70,000. The all-equity plan would result in 15,000 shares of stock outstanding. What is the EPS for each of these plans? (Round your answers to 2 decimal places. (e.g., 32.16))
Answer:
Plan 1= $40 per shares
Plan 2= $40 per shares
Explanation:
We can therefore calculate the price as the value of shares repurchased divided by the number of shares repurchased.
Hence:
Plan I, the value per share will be:
P = $120,000 / (15,000 – 12,000 shares)
P=$120,000/$3,000
P = $40 per share
Plan II, the value per share will be :
P = $140,000 / (15,000 – 11,500 shares)
P=$140,000/$3,500
P = $40 per share
Therefore the EPS for each of these plans is Plan l =$40 per shares and Plan ll=$40 per shares
Rhonda has an adjusted basis and an at-risk amount of $23,600 in a passive activity at the beginning of the year. She also has a suspended passive activity loss of $4,720 carried over from the prior year. During the current year, she has a loss of $37,760 from the passive activity. Rhonda has no passive activity income from other sources this year. Determine the following items relating to Rhonda's passive activity as of the end of the year.At year-end, Rhonda has the following:
a. Adjusted basis in the passive activity: $0
b. Loss suspended under the at-risk rules: $4500
c. Suspended passive activity loss: $______
(I got A & B but im stuck on C...its not zero) help please..
Answer:
Explanation:
At risk amount = $23,600
Suspended loss at beginning of year = $4,720
Total loss under passive activity = $37,760
a. Adjusted basis in the passive activity: $0
b. Loss suspended under the at-risk rules: $14,1600
Loss suspended under the at risk rules :Total loss under passive activity - At risk amount
= $37,760 - 23,600 = $14,160
c. Suspended passive activity loss: $18880
Suspended loss at beginning of year + loss suspended under the risk rules = 4720 + 14160 = $18880
Corporations today are operating in an environment in which exchange rate changes may adversely affect their competitive positions in the marketplace. This situation, in turn, makes it necessary for many firms toa) carefully manage their exchange risk exposure.
b) carefully measure their exchange risk exposure.
c) both a) and b)
Answer:
C) Both a) and b)
Explanation:
Exchange rate risk is a type of risk which is now present in mostly the emerging or the developing countries. If a company is operating in an emerging economy and suddenly the local currency of that country depreciates than it can favor the company as the exports will now be more cheap than before and will give competitive advantage to that firm. The vice versa will happen when the currency appreciates.
Hence, it is now important for every company to carefully manage their exchange rate risk as well as measure the risk associated with that.
Thank You.
In its fiscal 2018 annual report, Nike, Inc. reported cash of $4,000 million at the beginning of the year. The statement of cash flows reports the following (in millions): Net cash from operating activities $3,027 Net cash from investing activities (1,067) Net cash from financing activities (940) What was the balance in Nike’s cash account at the end of fiscal 2018? A) $3,027 million B) $1,020 million C) $5,020 million D) $4,350million E) None of the above
Answer:
Option C, $5,020 million is correct
Explanation:
The below is the statement of cash flow for Nike Inc 2018:
Net cash from operating activities $3,027
Net cash from investing activities ($1,067)
Net cash from financing activities ($940)
Net increase in cash and cash equivalent in 2018 $1,020
Beginning Cash and cash equivalent $4,000'
Balance in cash account at the end of fiscal year $5,020
The correct option then is C.$5,020 million.
Option A is wrong because it only takes into consideration net cash from operations,option B is also as it considered only the increase in cash in the year without the opening balance of cash,while option D and E are obviously irrelevant
1. Depreciation on the equipment for the month of January is calculated using the straight-line method. The company estimates future uncollectible accounts. The company determines $4,300 of accounts receivable on January 31 are past due, and 50% of these accounts are estimated to be uncollectible.
2. The remaining accounts receivable on January 31 are not past due, and 2% of these accounts are estimated to be uncollectible. (Hint: Use the January 31 accounts receivable balance calculated in the general ledger.)
3. Accrued interest revenue on notes receivable for January.
4. Unpaid salaries at the end of January are $33,900.
5. Accrued income taxes at the end of January are $10,300.
Record the adjusting entries on January 31 for the above transactionsOn January 1, 2018, the general ledger of ACME Fireworks
Answer and explanation:
2)
Date Account title Debit credit
Jan 31
1 Depreciation expense 525
Accumulated
depreciation -equipment 525
2
Bad debt expense 11160
Allowance for uncollectible account 11160
3 interest expense 255
Interest payable (51000*.06*1/12] 255
4 Income tax expense 13100
Income tax payable 13100
5 Deferred revenue 3100
sales revenue 3100
**Depreciation on equipment =[cost-residual value]/useful life
[16000-4300]/2
= 5850
Depreciation for one month = 5850*1/12= 487.5
**Accounts receivable at end = 46400 beginning+136000-125500-4900+134000=186000
Estimated uncollectible account at end =[12000*30%]+[(186000-12000)*.04]
= 3600+ 6960
= 10560
Unadjusted balance in allowance account =4300-4900=-600 debit
Bad debt expense= estimated uncollectible account at end- unadjusted balance in allowance account
= 10560 - (-600)
= 10560+600
= 11160
Seidman Company manufactures and sells 30,000 units of product X per month. Each unit of product X sells for $16 and has a contribution margin of $7. If product X is discontinued, $85,000 in fixed monthly overhead costs would be eliminated and there would be no effect on the sales volume of Seidman Company's other products. If product X is discontinued, Seidman Company's monthly income before taxes should:
Answer:
$125,000
Explanation:
The computation of monthly income before taxes is shown below:-
Loss in contribution margin = 30,000 units × $ 7
= ($210,000)
Saving in fixed monthly overhead = $85,000
Income before taxes would get decreased = Loss in contribution margin - Saving in fixed monthly overhead
= ($210,000) - $85,000
= $125,000
If product X is discontinued,. Seidman Company's monthly income before taxes would get decreased by $125,000
Presented here are selected transactions for the Leiss Company during April. Leiss uses the perpetual inventory system.
April 1 Sold merchandise to Mann Company for $5,500, terms 2/10, n/30. The merchandise sold had a cost of $2,500.
April 2 Purchased merchandise from Wild Corporation for $9,000, terms 1/10, n/30.
April 4 Purchased merchandise from Ryan Company for $1,000, n/30.
April 10 Received payment from Mann Company for purchase of April 1 less appropriate discount.
April 11 Paid Wild Corporation for April 2 purchase.
Journalize the April transactions for Leiss Company.
Answer:
April 1
J1
Trade Receivable - Mann Company $5,500 (debit)
Revenue $5,500 (credit)
J2
Cost of Goods Sold $2,500 (debit)
Merchandise $2,500 (credit)
April 2
Merchandise $9,000 (debit)
Trade Payable - Wild Corporation $9,000 (credit)
April 4
Merchandise $1,000 (debit)
Trade Payable - Ryan Company $1,000 (credit)
April 10
J1
Discount Allowed $110 (debit)
Trade Receivable - Mann Company $110 (credit)
J2
Cash $5,390 (debit)
Trade Receivable - Mann Company $5,390 (credit)
April 11
Trade Payable - Wild Corporation $9,000 (debit)
Cash $9,000 (credit)
Explanation:
Note : Leiss uses the perpetual inventory system
Therefore,
Recognize the Cost of Goods Sold with each sale that is made.
Mequon Inc. wishes to lease machinery to Thiensville Company. Thiensville wants the machinery for 4 years, although it has a useful life of 10 years. The machinery has a fair value at the commencement of the lease of $47,000, and Mequon expects the machinery to have a residual value at the end of the lease term of $30,000. However, Thiensville does not guarantee any part of the residual value. Thiensville does expect that the residual value will be $45,000 instead of $30,000.What would be the amount of the annual rental payments Mequon demands of Thiensville, assuming each payment will be made at the end of each year and Mequon wishes to earn a rate of return on the lease of 6%?
The annual lease payment that Mequon Inc. should charge Thiensville Company, given a machine's fair value of $47,000, residual value of $30,000, z desire for a 6% return, and a 4 year lease term, is approximately $6,700.
Explanation:The subject of the question pertains to the calculation of annual rental payments based on a desired rate of return. Mequon Inc. is leasing equipment to Thiensville Company and desires a 6% return on the lease. The lease period is four years. To calculate the annual rental payment, we need to differentiate the actual monetary value of the machinery at the start of the lease versus the end which is the residual value. The present value of the lease payments is equal to the fair value of the asset minus the present value of the residual value at the desired return rate.
Here are the steps:
Determine the present value of the residual value, which is $30,000. At a 6% interest rate over 4 years, it equates to $30,000/(1+0.06)^4 = $23,770.Subtract this value from the initial fair value of the asset: $47,000 - $23,770 = $23,230.This remaining amount is what Thiensville Company will pay in lease payments over the four year period. As such, to determine the annual lease payment, we divide this amount by the present value annuity factor for a 6% rate of return over 4 years: $23,230 / 3.465 = $6,700 approximately.Learn more about Lease Payments here:
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Crew Clothing (CC) sells women’s resort casual clothing to high-end department stores and in its own retail boutiques. CC expects sales for January, February, and March to be $510,000, $570,000, and $590,000, respectively. Twenty percent of CC’s sales are cash, with the remainder collected evenly over two months. During December, CC’s total sales were $820,000. CC is beginning its budget process and has asked for your help in preparing the cash budget.
-Compute CC’s expected cash receipts from customers for each month. (January, Febuary, March)
CC's expected cash receipts for January, February, and March are $430,000, $318,000, and $346,000 respectively, calculated based on a mixture of immediate cash sales and the collection of sales made on credit.
To calculate Crew Clothing's (CC) expected cash receipts from customers for each month, we must consider both the cash sales that occur in the month and the credit sales that are collected over the following two months. According to the information provided, 20% of CC's sales are cash, and the remainder is collected evenly over two months.
January Cash Receipts
For January, we consider December's credit sales and January's sales:
December sales (to be collected in January): $820,000 x 80% = $656,000January cash sales: $510,000 x 20% = $102,000Credit sales from December divided evenly over January and February: $656,000 / 2 = $328,000January total cash receipts: $102,000 (January cash sales) + $328,000 (December credit sales collected in January) = $430,000February Cash Receipts
For February, we include January's credit sales and February's sales:
January credit sales (to be collected in February): $510,000 x 80% = $408,000February cash sales: $570,000 x 20% = $114,000Credit sales from January divided evenly over February and March: $408,000 / 2 = $204,000February total cash receipts: $114,000 (February cash sales) + $204,000 (January credit sales collected in February) = $318,000March Cash Receipts
For March, we calculate using February's credit sales and March's sales:
February credit sales (collected in March): $570,000 x 80% = $456,000March cash sales: $590,000 x 20% = $118,000Credit sales from February divided evenly over March and April: $456,000 / 2 = $228,000March total cash receipts: $118,000 (March cash sales) + $228,000 (February credit sales collected in March) = $346,000
Bries Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,700. Budgeted cash receipts total $186,500 and budgeted cash disbursements total $189,400. The desired ending cash balance is $30,700. To attain its desired ending cash balance for January, the company should borrow:
Answer:
Cash borrow = $14,900.
Explanation:
Given,
The company budgeted ending cash balance is $30,700.
We know,
Budgeted ending cash balance = Budgeted beginning cash balance + Budgeted cash receipts - Budgeted cash disbursements + Budgeted cash borrow
Given,
Budgeted ending cash balance = $30,700.
Budgeted beginning cash balance = $18,700
Budgeted cash receipts = $186,500
Budgeted cash disbursements = $189,400
Budgeted cash borrow = ?
Putting the values into the formula, we can get
$30,700 = $18,700 + $186,500 - $189,400 + Cash borrow
Or, $30,700 - ($18,700 + $186,500 - $189,400) = Cash borrow
Or, $30,700 - $18,700 - $186,500 + $189,400 = Cash borrow
Or, $220,100 - $205,200 = Cash borrow
Or, $14,900 = Cash borrow
Or, Cash borrow = $14,900.
Therefore, cash borrow is $14,900.
Tresnan Brothers is expected to pay a $1.60 per share dividend at the end of the year (i.e., D1 = $1.60). The dividend is expected to grow at a constant rate of 3% a year. The required rate of return on the stock, rs, is 5%. What is the stock's current value per share? Round your answer to the nearest cent.
Answer:
The price of the stock today is $80.00
Explanation:
The price of a stock whose dividends are expected to grow at a constant rate is calculated by the constant growth model of the DDM. The price of a stock under DDM is based on the present value of the expected future dividends that the stock will pay. The formula for price under this model is,
P0 = D1 / r - g
Where,
D1 is the dividend expected for the next periodr is the required rate of returng is the growth rate in dividendsP0 = 1.6 / (0.05 - 0.03)
P0 = $80.00
On January 1, 2019, the Bonds Payable account has a balance of $730,000. On December 31, 2019, the Bonds Payable account has a balance of $820,000. During 2019, one bond of $9,000 was retired. No discounts or premiums were amortized in 2019. What amount of new bonds were issued in 2019?
Answer: $99,000
Explanation:
Given the opening Balance of the Bond Payable account as well as the Closing Balance and the bonds that were retired for the year, we can deduce the amount of new bonds issued using the following formula,
Opening Balance + Bonds Issued - Retired bonds = Closing Balance
Making Bonds Issued the subject we have,
Bonds Issued = Closing Balance - Opening Balance + Retired bonds
Bonds issued is therefore,
= 820,000 - 730,000 + 9,000
= $99,000
$99,000 was the Amount of new bonds issued in 2019.
Answer:
ez ez ez pz pz pzp z
Explanation:
You should choose as the more appropriate strategy for managing diversity, since it is an example of . You were unable to attend all of the training, but your coworker has offered to fill you in on the details that you missed. Identify which of the following statements your coworker is likely to indicate as diversity principles discussed during your absence. Check all that apply. Understand you will need feedback from employees on the implementation of the diversity program, both positive and negative. Do not shy away from setting high, but realistic, goals while implementing a diversity program. If necessary, you should lower employee standards to promote diversity.
Answer:
Statement 1 and 2 are correct.
Explanation:
Diversity in the workplace refers to an organization that intentionally employs a workforce comprised of individuals of varying gender, religion, race, age, ethnicity, sexual orientation, education, and other attributes.
Diversity in the workplace leads to a plethora of benefits – both from an internal and external perspective. However, that doesn’t mean implementing diversity initiatives at work isn’t without its unique set of challenges.
Statement 1
Understand you will need feedback from employees on the implementation of the diversity program, both positive and negative.
Statement 2
Do not shy away from setting high, but realistic, goals while implementing a diversity program.
The coworker is likely to indicate the principles of gathering feedback from employees and setting realistic goals, while avoiding lowering employee standards.
Explanation:Based on the given information, the coworker is likely to indicate the following diversity principles:
Understand you will need feedback from employees on the implementation of the diversity program, both positive and negative: This principle emphasizes the importance of gathering feedback from employees to understand their experiences and improve the diversity program.Do not shy away from setting high, but realistic, goals while implementing a diversity program: This principle suggests that ambitious goals should be set, but they should be feasible and attainable within the context of the organization.The statement 'If necessary, you should lower employee standards to promote diversity' is not a valid diversity principle. Lowering employee standards solely to promote diversity can compromise quality and fairness in hiring and may not be the most appropriate strategy for managing diversity.
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Wyatt Oil is contemplating issuing a 20-year bond with semiannual coupons, a coupon rate of 7%, and a face value of $1000. Wyatt Oil believes it can get a BBB rating from Standard and Poor's for this bond issue. If Wyatt Oil is successful in getting a BBB rating, then the issue price for these bonds would be closest to: $800 $891 $901 $1,000 $1,107
Complete question:
Security Term (years) Yield (%)
Treasury 2 0 5.5%
AAA Corporate 2 0 7.0%
BBB Corporate 20 8.0%
B Corporate 2 0 9.6%
Wyatt Oil is contemplating issuing a 20-year bond with semiannual coupons, a coupon rate of 7%, and a face value of $1000. Wyatt Oil believes it can get a BBB rating from Standard and Poor's for this bond issue. If Wyatt Oil is successful in getting a BBB rating, then the issue price for these bonds would be closest to:
A) $891 B) $901 C) $1,000 D) $800
Answer:
If Wyatt Oil is successful in getting a BBB rating, then the issue price for these bonds would be closest to: $901
Solution:
Given,
FV = 1000,
N = 40,
I = 4,
PMT = 35
Compute PV ,
PV = [tex]FV \frac{1}{( 1+r)^{n} }[/tex]
PV = 901.04
If Wyatt Oil is successful in getting a BBB rating, then the issue price for these bonds would be closest to: $901
The issue price for the bond issued by Wyatt Oil is likely to be around $1000, assuming the market interest rate for BBB bonds rates aligns with the 7% coupon rate.
Explanation:The issue price for the bond is typically the same as the face value if the coupon rate equals the market interest rate for bonds of similar risk. Since the bond issued by Wyatt Oil has a BBB rating, we can comprehensively analyze it. However, without knowing the market interest rate, it's difficult to establish the exact price of the bond. If the given options are the only possibilities, and if we assume that the market interest rate for BBB-rated bonds is approximately the same as the 7% coupon rate, then the price would most likely be closest to $1000 as the face value, and the coupon rate are close.
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Footsteps Co. has a bond outstanding with a coupon rate of 6.4 percent and annual payments. The bond currently sells for $956.08, matures in 20 years, and has a par value of $1,000. What is the YTM of the bond? a. 6.81% b. 6.69% c. 6.13% d. 5.67% e. 6.40%
Answer:
The answer is A.
Explanation:
Yield-to-maturity is the rate of return an investor is expecting from his bonds.
Number of years (N) - 20 years
Yield-to-maturity(YTM) - ?
Present Value(price of bond) = $956.08
Future Value(FV) = $1,000
Payment Coupon(PMT) = $64(6.4% x $1000)
Using a Financial calculator, the Yield-to-maturity (YTM)
= 6.81%
Sammy's is the hot new lunch spot among the hipsters, who flock there at noon for their artisanal peanut butter and jelly sandwiches, which sell for $12.95. The sandwiches are made from two slices of their own artisanal bread, which they bake continuously throughout the day at a rate of seven loaves an hour (each loaf contains twenty slices). The actual cost of a loaf of bread is $1 and the cost to hold a loaf is 80%, since freshness is important in baking as well as to hipsters. The cost to run a new batch of a dough is $3 per loaf. Sammy's sells their sandwiches at a rate of fifty per hour.
What is the optimal batch size to produce?
Answer:
Optimal batch size to produce= 5.56 slices
Explanation:
Selling rate of sandwich = 50 / hour
No of slices used per hour = 50* 2 =100 ( each sandwich use 2 slices)
No of loafs which gets baked in an hour = 7
No of sandwich slices which get produuced in an hour = 7*20 =140
No of sandwich which can be produce = 10/2 =70
So every hour no of slices to be hold = 40
No fo loaf to be hold = 40/20 =2
Cost of holding = 0.8* 1 =0.8
Cost of running a new batch = $3*2 = $6
Selling each sandwich = $12.95
Saving = $12.95 - $6 =$6.95
Optimal batch size = saving * ( Holding cost) = 6.95 *0.8 = 5.56 slices
On July 1, 2010, Ellison Company granted Sam Wine, an employee, an option to buy 400 shares of Ellison Co. stock for $30 per share, the option exercisable for 5 years from date of grant. Using a fair value option pricing model, total compensation expense is determined to be $1,800. Wine exercised his option on October 1, 2010 and sold his 400 shares on December 1, 2010. Quoted market prices of Ellison Co. stock in 2010 were:
July 1 $30 per share
October 1 $36 per share
December 1 $40 per share
The service period is for three years beginning January 1, 2010. As a result of the option granted to Wine, using the fair value method, Ellison should recognize compensation expense on its books in the amount of
a. $1,800.
b. $600.
c. $450.
d. $0.
Answer:
Ellison Company should recognize compensation expense on its books in the amount of $600
Explanation:
Solution
The transaction in the books of Ellison Company during the period of July 1st 2010 to December 31st 2010
On July 1st the share value was $30 *400 = 12000
On October 1st 2010 sold at $ 36 * 400 = 14400
The gain on this transaction was = $2,400
31st July 2010, less compensation expenses =$ 1,800
The fair vale to be recorded as a gain = $ 600
Jeremy, an HR manager, has received an employee requisition for a data analyst job at his firm. Which of the following would most likely help Jeremy determine the qualifications the recruited person needs for the data analyst job? job identifier job description job posting job-knowledge test
Answer: Job description
Explanation:
The thing that will mostly be helpful to Jeremy is a job description. In that way, Jeremy can compare job description with the qualifications of the recruited person and he will be able to see if he is ready to take that job and do everything that data analyst will be obliged to do.
Data analyst job is considering cleaning, transforming and more, of modeling data. A recruited person must be able to discover useful information and inform others about it.
A matrix organization for project management has a distinct advantage because:A) Dual hierarchies mean two bosses.B) A significant amount of time is spent negotiating the sharing of critical resources.C) Workers must reconcile competing project and functional demands.D) Project importance is enhanced by setting authority equal to that of functional departments.
Answer:
D) Project importance is enhanced by setting authority equal to that of functional departments.
Explanation:
A matrix organization is characterized by, multiple command system and overlapping of command, control and behavioral pattern.
Here, temporary project groups are created so as to handle short term projects. Personnel are drawn from functional department and their activities are controlled and coordinated by a project manager.
Once a project is completed, the structure is disbanded and the personnel return to their original departments i.e functional department.
During the project duration, a person is responsible and reports to two bosses, one being the project manager and secondly to the functional boss. Thus, under such a structure exists dual reporting.
Under matrix structure for project management, the project manager is not allowed to use resources exclusively for the project i.e like in project management. Rather, such a manager is required to share resources with the organization.
Court Enterprises Inc. would like to prepare a summary cash budget for March. The following information is available:
• The cash balance at March 1 was estimated to be $3,000.
• March sales, all on account, were estimated to be $50,000. Sales are collected over a two-month period with 65 percent collected in the month of sale and the remainder in the subsequent month. February sales on account were $60,000.
• Inventory purchases are expected to be $20,000 in March. The company pays for one-half of inventory purchases in the month of purchase and the remainder in the subsequent month. February’s purchases were $18,000.
• Cash disbursements for selling and administrative expenses are expected to be $4,000 in March.
• Depreciation expense for March is expected to be $5,000.
• Loan and interest payments for March are expected to be $25,000.
Required:
What is the cash balance at the end of March expected to be?
Answer:
$8,500
Explanation:
The computation of the cash balance at the end of March is shown below:
Opening Cash Balance $3,000
Add: Cash Collection from Sales $53,500 (($50,000 × 65%) +($60,000 × 35%)
Total Cash Available $56,500
Less: Cash Payments
Inventory $19,000 (($20,000 × 50%) + ($18000 × 50%)
S&A Expense $4,000
Loan & Int Payment $25,000
Depreciation - (Non Cash Expense)
Closing Cash Balance $8,500
We simply added the cash receipts and deduct the cash payments to the opening cash balance so that the ending cash balance could come
Suppose that the Dallas School District wants to achieve Six Sigma quality levels of performance in delivering students to school. They have established a 20-minute window as an acceptable range within which buses carrying students should arrive at school. a. What is the maximum allowable standard deviation of arrival times required in order to achieve this standard of quality? (Round your answer to 2 decimal places.) b. If they achieve this standard, about how many times out of a million deliveries will a bus deliver students either too early or too late? (Round your answer to 1 decimal place.)
Answer:
a) 1.66 minutes
b) 3.4 out of million deliveries
Explanation:
So, it is a six sigma quality question, we first need to understand little bit about six sigma and how it is to achieve six sigma level.
Six Sigma:
It is the process or technique used by many organizations through out the world to achieve maximum quality in a product or in a service they are providing. It helps to indicate root causes of the process or you can say waste steps which first need to be identified then rectified to bring that top-notch quality in the system. So in this case, in order to calculate part a) we will calculate six sigma control limits.
a) So, for six sigma control limits, the maximum allowable standard deviation is 12 or you can say +6 + (-6) = ±6 = 12. It means all deviations must lie in all 12 standard deviations.
Please refer to the table shown in the attachment. This bell curve represent six sigma concept. In this 3 sigma quality level means all deviations must lie in 6 standard deviations.
So, here we have been given that mean = 20, so with mean we can calculate standard deviation in six sigma control limits.
Maximum Allowable Standard Deviation for 6 sigma = Mean/12
= 20/12
= 1.66
So, 1.66 is the maximum allowable standard deviation of arrival times required in order to achieve 6 sigma quality level.
b) In this part, we are asked that, out of million deliveries about how many times bus deliver students too early or too late at this 6 sigma quality level.
For this answer, please refer to attachment again. and notice at the left bottom with the arrow of 6 sigma, we have a number 3.4 ppm means 3.4 part per million.
So, it 3.4 times in a million deliveries bus will deliver students either too early or too late.
Final answer:
To achieve Six Sigma quality, the Dallas School District's maximum allowable standard deviation for bus arrival times is approximately 4.44 minutes. If this standard is met, there would be about 3.4 late or early deliveries out of a million.
Explanation:
To achieve Six Sigma quality levels of performance, Dallas School District must determine the maximum allowable standard deviation for the arrival times of school buses. With a 20-minute window and the goal of Six Sigma, we understand that 4.5 standard deviations should fit within the acceptable range. This can be mathematically approached by dividing the total range by the number of standard deviations that fit within it, i.e., 20 minutes divided by 4.5.
a. The maximum allowable standard deviation for arrival times is:
Maximum allowable standard deviation = Total range / 4.5Maximum allowable standard deviation = 20 / 4.5Maximum allowable standard deviation = 4.44 minutes (rounded to two decimal places)b. Achieving Six Sigma quality implies that there would be only 3.4 defects per million opportunities or deliveries. Hence, if they achieve this standard, about 3.4 times out of a million deliveries a bus delivers students either too early or too late.
Pamela is also a saver. She sets aside $200 per month during her 40 year career. She invests in the US stock market* through an index fund that averages a 7% return over this 40 year period. How much is her retirement account worth?
Answer:
$32,183.77
Explanation:
The value of her investment at the end of the 40th year will be equal to the accumulated sum pf the monthly payment compounded at the 7% rate of return.
This is given as follows:
FV = A × (1 -(1+r)^(-n))/r
A- monthly payment, r- monthly interest rate, n- number of months
A- 200, r- 7%/12 =0.583%, n = 40 × 12 = 480
FV = 200× (1- (1.00583)^(-480))/0.00583
=32,183.767
= $32,183.77
Using the future value of a series formula, the estimated value of Pamela's retirement account after 40 years with a $200 monthly investment and a 7% return rate is approximately $1,068,481.
Explanation:Pamela's investment can be calculated using the future value of a series formula. This formula is FV = P * [(1 + r)^nt - 1] / r, where:
P = $200 (the amount she sets aside per month) r = 7% or 0.07 annual rate (divided by 12 to get a monthly rate, or 0.07 / 12 = 0.005833), n = 12 (number of times the interest is compounded per year), t = 40 (number of years she is saving).
Substitute these values into the formula, it becomes: FV = $200 * [(1 + 0.005833)^(12*40) - 1] / 0.005833. After doing the math, the value of Pamela's retirement account is approximately $1,068,481.
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What are the equilibrium price and the equilibrium quantity? b. Suppose the price is currently $5. Explain what problem would exist in the market and calculate the size of that problem. What would you expect to happen to price? c. Suppose the price is currently $2. Explain what problem would exist in the market and calculate the size of the problem. What would you expect to happen to price?
The question is incomplete. See the attached image for the missing table showing the demand and supply schedule.
Answer/Explanation:
a. Equilibrium price is the price at which Qd = Qs. Hence, equilibrium price = $4, while equilibrium quantity is the quantity demanded at the equilibrium price, i.e. where quantity demanded = quantity supplied. Therefore equilibrium quantity = 8,000
b. At $5, there would be excess quantity supplied, i.e. Qs · Qd = 10,000 · 6,000 = 4,000. Hence, there would be wastage of resources as a result of surplus. This would lead to decrease in price in order to avoid the wastage of resources.
c. At $2, there would be excess quantity demanded, i.e. Qd · Qs = 12,000 · 4,000 = 8,000. This would lead to increase in price as a result of acute shortage in quantity supplied.
One of the most important activities of entrepreneurs is identifying their customers. This includes understanding when consumers are most likely to adopt new goods, and how consumers are classified. 1. The five basic types of consumers are listed below. Identify the order in which people adopt new goods by ranking the consumer types from 1 (first adopters) to 5 (last adopters). Early adopters Early majority Laggards Innovators Late majority 2. Choose the appropriate consumer type that corresponds with the following descriptions. High-income people who have inherited their wealth. Future oriented Below-average-income wage earners Present (security) oriented High-income people who have incomes from salary and investment Highest professionals, including merchants and financiers Present oriented Average-income wage earners Middle managers and owners of medium-sized businesses Above-average-income wage earners Present oriented, but worried about the impact of time Unskilled labor Skilled labor Owners of small businesses; non-managerial office and union managers Tradition-oriented people who often live in the past
Answer:
Explanation:
First we have to understand what is a consumer. A consumer is that person who purchases a goods or services for personal use.
1. Early adopters. (first adopters)
2. Innovators. (first adopters)
3. Early Majority. (first adopters)
4. Late majority. ( Last adopters)
5. Laggard. ( Last adopters)
2. a. High-income people who have inherited their wealth. ( Laggard)
b. Future oriented Below-average-income wage earners ( Innovators)
c. Present (security) oriented High-income people who have incomes from salary and investment. ( Late majority)
d. Highest professionals, including merchants and financiers. ( Last majority )
e. Present oriented Average-income wage earners. ( Early adopters)
f. Middle managers and owners of medium-sized businesses. ( Early Majority)
g. Above-average-income wage earners. ( early adopters)
h. Present oriented, but worried about the impact of time. (Late majority)
I. Unskilled labor Skilled labor. (Innovators)
J. Owners of small businesses; non-managerial office and union managers. ( early adopters)
K. Tradition-oriented people who often live in the past. (Laggard)