Answer:
B) Upward communication
Explanation:
Upward communication defines that the employees follow hierarchy from downward to upward which means a lower employee to a higher. For example Worker to supervisor and supervisor to Manager. Upward communication is the most effective source in every organization as traditional forms of communication increasingly become less common.
Therefore as per the situation, Senior members of the facilities team had intimidated a group of newly hired workers. Jodie, one of the team members who observed the event, wrote a letter detailing the harassment incident to her division manager. In this case, Jodie is engaging in upward communication.
A sales associate employs a licensed personal assistant. The assistant will prepare CMAs, design property flyers, hold open houses, and prospect for listing appointments. The assistant will be paid a salary of $12 per hour and 20% of the commissions received by the sales associate. Which method of payment will satisfy all legal requirements?
Answer:
A) the associate may pay the salary and withhold taxes, but the broker must pay commissions.
Explanation:
The sales associate works for the broker and his/her assistant works for him. Therefore the sales associate is responsible for paying the assistant's salary and withhold taxes since he is the employer. But since the assistant will also earn 20 percent of the sales associate's commissions, that should be paid by the broker directly (80% to the sales associate and 20% to the assistant).
According to Kahneman and Tversky (1984) subjective probabilities are not identical with objective probabilities. In the function they calculated to describe this relationship, which part of the curve is overweighted?
Answer:
Very low subjective probabilities
Explanation:
The prospect theory is an economics theory developed by Daniel Kahneman and Amos Tversky. It is used in a decision making process, a decision maker multiplies the value of each
outcome by its decision weight, just as expected utility maximizers multiply utility by subjective probability. In differentiating subjective probabilities with objective probabilities, the very low subjective probabilities are overweighted.
Preferred stock may have priority over common stock except in
Answer:
Voting
Explanation:
Although There are several differences between preferred and common stock. They have a main difference and the difference lies in the fact that preferred stock withdraws from the shareholders the rights to vote. But common stock gives a right to vote, and it is usually at one vote per owned share. If company is to elect a board of directors, preferred stock have no rights to vote.
Fall is approaching, and Angelina wants to sell the remaining summer items that remain in stock so that she can reinvest the cash generated from those sales in fresh fall merchandise. She plans to offer a discount that declines over time (for example, 30 percent off on day 1, 20 percent off on day 2, and 10 percent off on day 3). What type of discount is she planning to use?
Answer:
Angelina plans to use steadily decreasing discount.
Explanation:
Steadily decreasing discount refers to the strategy in which a retailer slowly or steadily reduces his/her discounts on a commodity rather than just moving the commodity back to its original price immediately after the sale period ends. This is an effective strategy because it makes the consumers know that the prices are likely to increase in the future and this will prompt them to make purchases today.
Therefore, in the scenario given above, Angelina hopes to make customers purchase her merchandise today by using the steadily decreasing discount strategy.
The law of large numbers says that when many people are insured, the probability distribution of the losses will assume a normal probability distribution, a distribution that complicates pricing in life insurance. allows accurate predictions. hinders accurate predictions. is difficult to work with.
Answer:
allows accurate predictions.
Explanation:
The law of large numbers states that the larger the amount of policy holders, the probability distribution of the number of claims (losses for the insurance company) will be shaped like a normal distribution. This allows the companies to make more accurate predictions about the future number of claims.
In statistics, the law of large numbers states that as the sample size increases, the mean will be much closer to the real mean of the total population.
Final answer:
The law of large numbers helps insurers make accurate predictions about losses, thereby aiding in the determination of fair premiums. It ensures that as the number of insured individuals increases, the sample mean of losses will approach the population mean, following a normal distribution.
Explanation:
The law of large numbers is a principle that is fundamental to the field of insurance and risk management. Under this law, as the number of insured individuals grows, the actual losses are more likely to average out closer to the expected losses.
This law is essential for the pricing of insurance policies and allows for accurate predictions when setting premiums. Due to large sample sizes, insurers can rely on the law of large numbers to predict and manage the risk associated with their policies effectively.
This prediction is further supported by the central limit theorem, which states that as the sample size (in this case, the number of insured individuals) increases, the sample means will follow a normal distribution, with a smaller standard deviation, indicating that the sample mean will be close to the population mean (μ).
While other factors such as investment income, administrative costs, and varying risk groups can add complexity, a fundamental law of insurance must prevail: over time, the average person's payments into insurance must cover the average person's claims, the costs of running the insurance company, and allow room for profits. In the context of life insurance, the application of the law of large numbers and its subsequent result in a normal distribution of losses helps actuaries and insurers in determining actuarially fair premiums, adhering to the fundamental law of insurance.
Suppose a monopoly concrete contractor builds 20 driveways per month for $10,000 each. In order to increase sales to 21 driveways, the contractor must lower the price of driveways to $9,500. The marginal revenue of the 21st driveway is:_________.
a. $500.
b. $199,500.
c. -$500.
d. $9,500.
Answer:
The marginal revenue of the 21st driveway is: -$500. The right answer is C.
Explanation:
In order to calculate the the marginal revenue of the 21st driveway, we have to calculate first the total revenue from 20 driveways.
Total revenue from 20 driveways = 20×$10,000= $200,000
Next, we calculate the Revenue from 21 driveways = 21×$9,500 = $199,500
Therefore, The Marginal revenue from 21th driveways = =$199,500-$200,000 =-$500
Funn Company's account balances at December 31, 2020, for accounts receivable and the related allowance for uncollectible accounts were $1,500,000 and $90,000, respectively. An aging of accounts receivable indicated that $125,000 of the December 31 receivables are expected to be uncollectible. The accounts receivable amount expected to be collected after adjustment is A. $1,285,000. B. $1,410,000. C. $1,465,000. D. $1,375,000.
Answer:
D. $1,375,000
Explanation:
Funn Company's
(NRV of receivables= Receivables- Ending receivable uncollectible
ADA =$1,500,000−$125,000
= $1,375,000
Therefore the accounts receivable amount expected to be collected after adjustment is $1,375,000.
Answer:
D. $1,375,000.
Explanation:
Funn Company's
Account balances
At December 31, 2020,
Accounts receivable $1,500,000
Allowance for uncollectible accounts $90,000
Bad Debts December 31 $125,000
When the allowance for uncollectible method is used only the allowance for uncollectibles is deducted for the accounts receivable for financial statements
$1,500,000 - $90,000=$ 1410,000
But as the Bad debts ( uncollectibles) is higher than the allowance for uncollectibles the bad debts will be deducted from the accounts receivables.
The allowance of uncollectibles will be raised to the amount of bad debts.
so the the accounts receivable amount expected to be collected after adjustment is $1,500,000 - $125,000=$ 1375,000
Consider a 10-year bond with a coupon rate of 6 percent. If a bond with similar risk has a yield to maturity of 8 percent, estimate the bond’s fair market value. Select one: a. $1,000-$1,100 b. $900-$1,000 c. Less than $900 d. More than $1,100 g
Answer:
c. Less than $900
Explanation:
For computing the bond fair market value we used the present value formula i.e to be shown in the attachment below:
Given that,
Future value = $1,000
Rate of interest = 8%
NPER = 10 years
PMT = $1,000 × 6% = $60
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
After applying the above formula, the bond fair market value is $865.80
In Las Vegas, the cost of living index is 110, and in San Francisco, it is 170. You work in Las Vegas currently and your salary is $57,000. You are offered a promotion and pay raise of $70,000 to move to San Francisco. If you take the promotion, your __________ wage increased but your ___________ wage has decreased.
Answer:
Your nominal wage increased but your real wage has decreased.
Explanation:
Given that,
Cost of living index in Las Vegas = 110
Cost of living index in San Francisco = 170
Salary in Las Vegas = $57,000
Salary offered to work in San Francisco = $70,000
The cost of living index of the two cities indicates that the cost of living in San Francisco is higher than the cost of living in Lag Vegas.
The salary in Las Vegas is $57,000, when we are taking into consideration the effect of the cost of living, then the value of this salary in San Francisco must be:
= (Cost of living index in San Francisco ÷ Cost of living index in Las Vegas) × Salary in Las Vegas
= (170 ÷ 110) × $57,000
= 1.5454 × $57,000
= $88,090.9
Hence, if the salary offered to work in San Francisco = $70,000,
Then, this will increase the nominal salary but the real salary will not increase (i.e, decreased) because of the higher cost of living in San Francisco.
A firm that uses an international division structure sometimes experiences intra-organizational conflict because ________. Grupo de opciones de respuesta ) more resources and management attention tend to get channeled toward the international division than toward the domestic divisions such a structure disallows managers to coordinate resources for foreign activities under one roof the international division invariably fails to respond to cultural differences such a structure depresses the firm's ability to respond to market opportunities
Answer:
more resources and management attention tend to get channeled toward the international division than toward the domestic divisions
Explanation:
A firm that uses an international division structure sometimes experiences intra organizational conflict because MORE RESOURCES AND MANAGEMENT ATTENTION TEND TO GET CHANNELED TOWARD THE INTERNATIONAL DIVISION THAN TOWARD THE DOMESTIC DIVISIONS.
Answer:
more resources and management attention tend to get channeled toward the international division than toward the domestic divisions.
Explanation:
A firm that uses an international division structure sometimes experiences intra-organizational conflict because more resources and management attention tend to get channeled toward the international division than toward the domestic divisions in order to improve on staff competence across all boards and enhancing competition among at all divisions, making the firm achieve its target or goals.
Janet is a broker who negotiates a number of loans to specific subdivisions. Last year, she took part in 27 loans to homeowners in one subdivision. Due to this large number of loans to a subdivision, Janet has to report loan activities to the California BRE. What is the name of this reporting process, how often does it take place, and what is an additional requirement for making these reports?
Answer: The options are given below:
A. The annual and quarterly process is Uniform Reporting. Additionally, if a broker negotiates more than $5,000,000.00 in loans annually, they must take part in Uniform Reporting.
B. The annual and quarterly process is Threshold Reporting. Additionally, if a broker negotiates more than $2,000,000.00 in loans annually, they must take part in Threshold Reporting.
C. The annual and quarterly process is Trust Reporting. Additionally, if a broker negotiates more than $2,000,000.00 in loans annually, they must take part in Threshold Reporting.
D. The annual and quarterly process is Threshold Reporting. Additionally, if a broker negotiates more than $1,000,000.00 in loans annually, he/she must take part in Threshold Reporting.
The correct option is D
Explanation:
The annual and quarterly process is Threshold Reporting. Additionally, if a broker negotiates more than $1,000,000.00 in loans annually, he must take part in Threshold Reporting.
A Threshold Transaction Report (TTR) is a report that financial institutions and designated nonfinancial business and professions (DNFBPs) are mandated to file to financial intelligence unit (FIU) for each:
deposit, withdrawal, exchange of currency, or other payment or transfer,The threshold reporting is carried out if the transaction is completed by, through, or to the financial institution which involves an amount of more than $1,000,000.
You are contemplating adding direct selling activities to your existing bricks-and-mortar retail business to increase sales. You are concerned, however, that the negative aspects of direct selling outweigh the positive.
Which of the following is a negative aspect of direct selling that you must mitigate in some way to be successful?
It may be more expensive and time-consuming than using an intermediary
Vertical conflict
manufacturing product
Answer:
It may be more expensive and time-consuming than using an intermediary
Explanation:
Direct selling makes it hard to reach new customers and also entails spending an extensive time in trying to convince prospective customers before sales is made. Sadly, in some situations, some prospects do not buy in on the intended product and thus, no sale is made and time wasted.
Answer:
The correct answer is letter "A": It may be more expensive and time-consuming than using an intermediary.
Explanation:
Taking care of the activities of a company directly will always imply a greater sense of responsibility and planning compared to outsourcing the activities. Intermediaries take care of all that is necessary to accomplish the duty their clients assign and sell their services in a way that the firm saves some money and time.
Therefore, while contemplating is adding direct selling to retail businesses to increase sales, managers must consider that it could be more expensive and time-consuming than hiring an agency to do so.
A person who offers a facilitation payment in order to secure a contract that will keep her company from going bankrupt and laying off hundreds of employees may be a(n) ________ because she is trying to secure the greatest good for the greatest number of people.
Answer:
utilitarian.
Explanation:
A utilitarian is a person who takes actions that maintains or increases the well-being or happiness of a great number of persons.
In the above question, The person is trying to ensure that employees are not laid off and also the company doesn't go bankrupt. This shows that the individual is trying to ensure the happiness of employees as well as their well-being and that of the company.
Cheers.
Thinking in terms of the Theory of Constraints, Lumeris Inc., an automobile manufacturer, has an inflexible work schedule and requires its workers to work nine hours a day and six days a week. Its laborers do not have adequate skills to perform their job efficiently. The inflexible work schedule and inadequate labor skills are examples of ______.
a. physical constraints
b. nonphysical constraints
c. bottleneck activities
d. work orders
e. idle time
Answer:
B. Non Physical constraints
Explanation:
Constraints can either be physical or non physical. Physical constraints has to do with those factors that can be seen and touched that limit work progress which are easy to identify, Such as resources, raw materials and supplies. Non physical constraints on the other hand are factors such as policies, measures limiting work progress that are harder to identify. Inflexible work schedules and inadequate labour skills are nonphysical constraints to getting the job done.
As a business owner, you find that your resource prices are increasing often. Because these costs are rising, you find it necessary to change your prices frequently. This best describes: Group of answer choices money illusion. menu costs. hyperinflation. a price confusion problem. future price uncertainty.
Answer:
B. MENU COST
Explanation:
Menu cost refers is the cost incured due to rapid changes in prices. When changing prices of products or services, firms and organizations incur additional cost, this cost is what we refer to as menu cost. With continuous changes, the cost adds up in term of money and time. This is why firms aren't encouraged to changing prices indiscriminately. However in situations like the one presented in the question, with constant changes in the price of inputs used, business owner must also change prices of outputs produced.
Mayo Corp. has estimated that total depreciation expense for the year ending December 31, 2021 will amount to $600,000, and that 2021 year-end bonuses to employees will total $1,200,000. In Mayo's interim income statement for the six months ended June 30, 2021, what is the total amount of expense relating to these two items that should be reported?
Answer:
$900,000
Explanation:
Depreciation for the year $600,000
Employee Bonuses $1,200,000
Total expense for the year $1,800,000
Expense to be reported in interim income statement 1,800,000/2=$900,000
The process begins when a customer steps into line and ends when the customer receives the receipt and leaves the store. The process steps are the activities the customer and store personnel do to complete the transaction. A_________ is a standardized set of activities that accomplish a specific task,such as processing a customer’s order.
Answer:
Business process
Explanation:
Business processis defined as a set of related and structured activities by people that involves a specific sequence that is aimed at producing a product or service.
For Ecole receiving orders, processing invoices, shipping products, and setting a marketing budget.
Business processes are fine tuned over time to increase efficiency and productivity.
Business processes are standardised per business and they make them unique to give a competitive advantage.
Answer:
A BUSINESS PROCESS is a standardized set of activities that accomplish a specific task, such as processing a customer's order.
Explanation:successfully.
Business processes are standardized activities that accomplish a specific business task. The business process steps are the activities that must be carried out by the company's employees to complete the business process. In many companies these steps are now partially or fully automated using computers (or other type of hardware) and specific software.
Business processes can occur within an organization (with internal users) or with outside customers. The basically determine how work is carried out with the organization. They should be completely documented and the employees must fully understand them so that they are performed successfully.
Suppose that the U.S. imposed an import quota on beef. Sales of U.S. beef producers would a. rise and exports of other industries would increase. b. rise and exports of other industries would decrease. c. not change, exports of other industries would increase. d. not change, exports of other industries would decrease.
Answer:
The correct answer is b. rise and exports of other industries would decrease.
Explanation:
The import quota is a tool that countries have when limiting the physical quantity of a product that can be imported into their territories during a specific period.
Answer:
B. Rise and exports of other industries would decrease
Explanation:
If U.S. impose an import quota on beef. Sales of U.S. beef producers would rise and exports of other industries would fall.
Import quotas refers to foreign trade policies which is imposed on a goods or services by the government of a particular country in order to protect domestic production of such product by restricting foreign competition. It is used to discourage importation so that local producers can sell more.
In order to discourage importation of a product, the government of a particular country sets a particular quantity of the product to be imported, this would cause an increase in the price of imported product, thereby discouraging local consumers from buying the product. This would lead to an increase in the sales of domestic producers of such product.
If U.S impose import quota on Beef, it is to discourage importation of beef and encourage local producers of beef. If other countries could not sell more beef to U.S, then they might retaliate by deciding to impose import quota on goods imported from U.S and this would lead to a decline in the export of other industries in U.S.
A disadvantage of an LLC is that it has a Life
Suppose you want to invest in ABC stock that does not pay any dividends. A share is trading at $100. You put $10,000 of your own money and borrow $10,000 from your broker at 9% per year to purchase a total of 200 shares. What is the rate of return on this position if the stock goes down by 30% in the following 12 months
Answer:
A loss of 69%
Explanation:
Price per share $100
Equity invested $10,000
Funds taken from broker $10,000 at an Interest rate 9.00%
Total investment $20,000
Price change 30.00% less
Margin required 30.00%
Total shares purchased from investing = 200 shares
The shares decrease in value by 30%: $20,000 * 0.30 = $6,000.
You pay interest of = $10,000 * 0.09 = $900.
The rate of return will be:
"$6,000 － $900" /"$10,000" = - 0.69 = - 69%
To raise revenues, the City of St. Cloud required restaurants to purchase a special permit if they wanted to serve food in an open-air patio. While at Hola Taco, a restaurant in St. Cloud, a customer notices that Hola Taco’s permit expired. Consequently, the customer refused to pay for her food. Because Hola’s Taco’s permit expired, the customer is not legally required to pay for her food.
a) true
b) false
Answer: B. False
Explanation: Even when Hola's Taco's permit has expired a customer does not have the right to refused payment for consuming its goods and services. It is only the authority, a constituted body that regulate and grant permit can sanction Hola's Taco.
So therefore, the customer is legally required to pay for his food, even though Hola's Taco have expired permit.
The expiration of a restaurant's open-air patio permit does not absolve the customer from the legal obligation to pay for the food consumed. Payment is for food and service received, not the status of the restaurant's permit.
Explanation:The issue presented is whether the expiration of a restaurant's special permit to serve food in an open-air patio impacts the legal obligation of a customer to pay for their food. The answer is b) false. Customers are legally obliged to pay for the food and services they have received, irrespective of the restaurant's permit status.
The permit is an agreement between the restaurant and the city, and its expiration does not constitute a defense for non-payment for a customer. The customer benefits from the food and service, not the permit. And, unless the law specifically provides for such an exception, which is unlikely, the customer's legal obligation to pay remains intact.
Omar, a driver for Piece’a Pizza Delivery Service, causes a multi-vehicle accident on a city street. Omar and Piece’a Pizza are liable to ________.
a. all those who were injured.
b. only those who were uninsured.
c. only those whose injuries could have been reasonably foreseen.
d. only those whose vehicles were closest to Omar’s vehicle.
Answer:
only those whose injuries could have been reasonably foreseen.
Explanation:
When an accident happens one is liable only for injuries that could have been reasonably foreseen.
For example if there is a zebra crossing sign at the point where the accident happened, and a pedestrian that was crossing was injured. It is expected that when a driver sees a zebra crossing he will be more careful of pedestrians.
Answer: C. only those whose injuries could have been reasonably foreseen.
Explanation: Omar and Piece a pizza are liable to only those whose injuries could have been reasonably foreseen. Omar the driver of a Piece a pizza delivery company caused a multi vehicle accident, so the both Omar and Piece a pizza will be held liable for damages.
They are not liable to those who are insured only, but those involved in the accident whose injury is foreseeable.
Which of the following statements is CORRECT? a. When the WACC is calculated, it should reflect the costs of new common stock, reinvested earnings, preferred stock, long-term debt, short-term bank loans if the firm normally finances with bank debt, and accounts payable if the firm normally has accounts payable on its balance sheet. b. If a firm has been suffering accounting losses that are expected to continue into the foreseeable future, and therefore its tax rate is zero, then it is possible for the after-tax cost of preferred stock to be less than the after-tax cost of debt. c. Since the costs of internal and external equity are related, an increase in the flotation cost required to sell a new issue of stock will increase the cost of reinvested earnings. d. An increase in a firm's tax rate will increase the component cost of debt, provided the YTM on the firm's bonds is not affected by the change in the tax rate. e. Since its stockholders are not directly responsible for paying a corporation's income taxes, corporations should focus on before-tax cash flows when calculating the WACC.
Answer: B. If a firm has been suffering accounting losses that are expected to continue into the foreseeable future, and therefore its tax rate is zero, then it is possible for the after-tax cost of preferred stock to be less than the after-tax cost of debt.
Explanation: A firm suffering from losses due to accounting that are expected to continued in the future then the prefect stock will be less than cost of debt after tax.
The option " B* is the only correct statement among the others .
Which of the following is an example of business-to-consumer electronic commerce? Select one: a. Brenda files her income tax online. b. Canchi, a shoe manufacturer, conducts business over the Web with its retailers. c. Juan buys guitars for resale on Monsung. d. Reuben buys a pair of shoes on Mysticshoes. e. Neal places a bid for a mobile phone on the online auction site Feliciate.
Answer:
OPTION (d) is correct.
Explanation:
Business-to-consumer electronic commerce can be understood by the itself, it is generally come in role when a single customer can buy a good from companies site of business.
From the given options, OPTION (d) is right, because as we can see that Reuben who is a single consumer, buys a pair of shoes directly from the companies business site which is Mysticshoes.
Reuben buying a pair of shoes on Mysticshoes is an example of business-to-consumer electronic commerce where the transaction is directly between a business and a consumer.
Business-to-consumer (B2C) electronic commerce is a form of online transaction where businesses sell products or services directly to consumers over the internet. Considering the options presented in the question, Reuben buying a pair of shoes on Mysticshoes represents a B2C e-commerce transaction. Reuben, as a consumer, purchases a product for personal use directly from an online retailer.
A taxpayer understated the tax liability by $10,000. The total tax liability was $50,000. No disclosure of the return position was made by the taxpayer; however, the basis for the position is reasonable. How much of an accuracy-related penalty will the taxpayer be assessed?
Answer:
2,000
Explanation:
To calculate how much of an accuracy related penalty the tax payer will be assessed, we use the following method.
Zino Company determines that a customer balance of $200,from Hollis Co. is uncollectible. Zino uses the allowance method to account for bad debts. The entry to write off the uncollectible balance will include a: debit to Allowance for Doubtful Accounts and a credit to Accounts Receivable. debit to Allowance for Doubtful Accounts and a credit to Bad Debts Expense. debit to Bad Debts Expense and a credit to Allowance for Doubtful Accounts. debit to Accounts Receivable and a credit to Allowance for Doubtful Accounts.
Answer:
The correct answer is A
Explanation:
The journal entry to be posted to write off the balance of uncollectible is as:
Allowance for Doubtful Accounts A/c..........................Dr $200
Accounts Receivable A/c.......................................Cr $200
As the allowance method is used so the accounts receivable account will be credited and the allowance for doubtful accounts is debited with the amount which is recovered that is $200.
Allowance method is generally refer to one of the ways for reporting the uncollectible or bad debt expense which results from a company selling the goods on credit.
The correct answer is: debit to Bad Debts Expense and a credit to Allowance for Doubtful Accounts.
When a company uses the allowance method to account for bad debts, it records an estimate of uncollectible accounts as an expense on the income statement and as a contra-asset on the balance sheet. This is done to match the bad debt expense with the revenue earned in the same period.
In this scenario, Zino Company has determined that a specific customer balance of [tex]$200[/tex] from Hollis Co. is uncollectible. Since the allowance method was used, the company would have already estimated and recorded an allowance for doubtful accounts. When it is determined that a specific account is uncollectible, the entry to write off this uncollectible balance involves the following:
1. Debit the Bad Debts Expense account for the amount of the uncollectible balance. This increases the Bad Debts Expense, which is reported on the income statement and reflects the cost of the uncollectible account in the period in which it was determined to be uncollectible.
2. Credit the Allowance for Doubtful Accounts for the same amount. This decreases the Allowance for Doubtful Accounts, which is a contra-asset account on the balance sheet, reducing the net value of the accounts receivable.
The entry does not involve a debit to the Allowance for Doubtful Accounts because this account is being used to offset the Accounts Receivable. Nor does it involve a credit directly to Accounts Receivable, as the Allowance for Doubtful Accounts serves as a buffer for the write-off of specific uncollectible accounts.
Therefore, the correct journal entry to write off the [tex]$200[/tex] uncollectible balance would be:
Debit to Bad Debts Expense: [tex]$200[/tex]
Credit to Allowance for Doubtful Accounts: [tex]$200[/tex]
This entry ensures that both the income statement and the balance sheet reflect the correct financial position of the company after accounting for the bad debt.
What new or sharper divisions has economic globalization generated?
Answer:Modern global system produced economy's unstable and unsteady progress, leading to inequality. Divisions between Developed rich Nations of the North & Developing Nations of the South in income worsened the North/South Gap. The disparity in incomes, medical care, clean water, education, employment, the internet, etc. between the rich and poor shaped life chances. Active resistance by rich countries such as the 1970's when a large group of developing countries joined together to demand a "new international economic order" that was more favorable to the poor countries; not much success attended this effort. Common action between Developing Nations was difficult to achieve because of their different economic agendas. Spurred new movements of anti-globalization in the 1990s
Explanation:
A company is trying to decide whether to sell partially completed goods in their current state or incur additional costs to finish the goods and sell them as complete units. Which of the following is not relevant to the decision?
a-the selling price of the completed units
b-the costs incurred to process the units to this point
c-the selling price of the partially completed units
d-the costs that will be incurred to finish the units
b
Answer:
b-the costs incurred to process the units to this point
Explanation:
Since in the question it is given that the company want to decide whether to sell partially completed goods or should incurred extra cost in order to finished the goods and sells them as a completed unit
So there should be the decision regarding selling price for the units that are completed, the selling price for the units that are partially completed and the cost i.e to be incurred for finishing the units
The common stock of Contemporary Interiors has a beta of 1.13 and a standard deviation of 21.4 percent. The market rate of return is 12.7 percent and the risk-free rate is 4.1 percent. What is the cost of equity for this firm
Answer:
Cost of equity =13.82%
Explanation:
The capital asset pricing model is a risk-based model. Here, the return on equity is dependent on the level of reaction of the the equity to changes in the return on a market portfolio. These changes are captured as systematic risk. The magnitude by which a stock is affected by systematic risk is measured by beta.
Under CAPM, Ke= Rf + β(Rm-Rf)
Rf-risk-free rate (treasury bill rate) - 4.1
β= Beta-1.13
Rm= Return on market- 12.7
Ke= 4.1% + 1.13× (12.7- 4.1 )%
Ke =13.82%
Direct Materials Purchases Budget Pasadena Candle Inc. budgeted production of 785,000 candles for January. Wax is required to produce a candle. Assume 10 ounces of wax is required for each candle. The estimated January 1 wax inventory is 16,000 pounds. The desired January 31 wax inventory is 12,500 pounds. If candle wax costs $1.24 per pound, determine the direct materials purchases budget for January. (One pound
Answer:
$604,035
Explanation:
The computation of the direct materials purchases budget is shown below:-
Total Wax Required 490,625 Pounds
(785,000 × 10 ÷ 16)
Add: Ending Inventory 125,00 Pounds
Total Units Available 503125 Pounds
Less: Beginning Inventory 16,000 Pounds
Total Pounds to be Purchased 487,125 Pounds
Unit Price $1.24 per Pounds
Total Direct Materials Purchased $604,035
(487,125 × $1.24)