At​ year-end, Stick Company has cash of $ 15 comma 000​, current accounts receivable of $ 30 comma 000​, merchandise inventory of $ 40 comma 200​, and prepaid expenses totaling $ 5 comma 900. Liabilities of $ 60 comma 000 must be paid next year. What is Stick's ​acid-test ratio?

Answer: True

Explanation:

Baby boomers are known as demographic companion of the Silent Generation and also preceding the Generation X. This generation is mostly  described as the individuals that are born in between the years 1946 and 1964. These individuals are known to be least likely to be associated with the inclination of term retirement with phrases such as "beginning of an end".

Answer:

A) foreign citizens want to buy more U.S. goods and services at a given exchange rate

Explanation:

In a free floating exchange rate market, when foreign companies and individuals purchase more goods and services from the US, it mans that the US is exporting more. When any country exports more goods or services its currency appreciates since more people want it (law of supply and demand) in order to be able pay for US products or services.

Answer:

The answer is a. is an estimate of the length of time the receivables have been outstanding.

Explanation:

Days' sales in receivable is calculated as Average sales receivable / total credit sales in the period x number of the in the period.

The ratio is used to measure how long (in days) it takes for a firm to collect its sales receivable based on its past collection performance.

Thus, a is chosen.

The definition in b is referred to Receivable Turnover, thus it is not chosen.

For c. The formula given is wrong, thus it is not chosen.

Days' sales in receivables is a financial metric that helps companies estimate the efficiency of their credit and collection procedures. It can be understood as the length of time the receivables have been outstanding and is calculated as Average Receivables / Sales.

Days' sales in receivables is a financial ratio that is used to estimate the average number of days that it takes for a company to collect payment after a sale has been made. It is an indicator of how effective the company's credit policies and collection procedures are.

In practical terms, it's calculated using the following formula: (Average Receivables / Net Credit Sales) x 365. This means a lower ratio is generally more favorable, as it indicates that the company takes less time to collect its receivables. Higher ratios can signify potential issues with cash flow or potential difficulties in getting paid by customers.

Therefore, the Days' sales in receivables can be seen as both an estimate of the length of time the receivables have been outstanding (option A), and a measure of the number of times the receivables turn over each year (option B). It's also calculated as Average Receivables/Sales (option C), and it is definitely used in financial analysis (option D is incorrect).

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Answer:

Investment committee or Board of Directors

Explanation:

Because the other in investment team together with finance team are directly involved in investment activities, they may not objectively review their jobs rather than an independent team.

This independent team should be in higher positions who can manage or adjust the jobs of investment team. Thus many corporations set up an investment committee or assign BOD ("board of directors) to periodically review the company's investment activity to make sure they're still aligning with the company's target.

Answer:

C) implicit collusion

Explanation:

Implicit collusion refers to a situation where competitor firms act in the same manner to try to control the market (price, supply or demand) of a good or service. Supposedly since the firms compete against each other, so they will try to make the customers believe that the similarities are coincidences or that the actions were caused by some external market force.

For example, Coke increases it price and by coincidence Pepsi also increases its price.

Answer:

Demand in market A is inelastic. Demand in market B is elastic.

Explanation:

Price elasticity of demand is the measure of the change in quantity demanded in relation to the change in price.

Elasticity = % change in quantity demanded / % change in price

When Elasticity < 1 (2% divided by 4%), demand is said to be inelastic: (quantity demanded changes less as price changes)

When Elasticity > 1 (4% divided by 3%), demand is said to be elastic: (quantity demanded changes more as price changes)

Answer:

c.Showing emotions

Explanation:

In this case, Alisa could not control her emotions at this situation which she feels is unfair and expressed the same as well.

Therefore, we can conclude that she was showing emotions.

Answer: (D) Clan culture

Explanation:

The clan culture is one of the type of friendly type corporate environment in an organization and it is also known as collaborative culture. Clan culture is one of the element of corporate clan culture model.  

There are many types of advantage of clan culture in an organization are as follows:

According to the question, Jason and the Jill are the owner of the company an they always encourage and also motivate their employees. They also try to increase the job satisfaction among the employees and they try to built the clan culture in the company.

Therefore, Option (D) is correct.

Answer:

create wealth

Explanation:

create wealth

Answer:

B) efficiency versus autonomy

Explanation:

The three parties that make up the service encounter triad are: the organization that provides the service, contact personnel (which are part of the organization) and the customers. For example, in a service encounter that tales place in a movie theater; a contact person (e.g. sales clerk) provides a service (e.g. movie ticket) to a customer.

A lot of physical vendors or clerks are being replaced by automated customer service machines that are cheaper for the company but have limited autonomy. For example, in movie theaters you can get your tickets from a machine, so unless you also buy a soda or candy, you don't need to interact with the sales clerk.

A share of Citigroup stock represents ownership in the firm, with returns potentially earned through dividends and capital gains. Stocks are riskier than bonds as they directly reflect the company's performance, offering both higher rewards and greater risks. Bonds provide a fixed return, making them more stable but with less profit potential.

A share of Citigroup stock represents firm ownership. When individuals purchase stock, they become part-owners, or shareholders, of the corporation. Owning 100% of a company's stock equates to owning the entire company, but in large firms like Citigroup, no single shareholder typically has a majority stake. Instead, ownership is spread across many shareholders, each holding a proportionally small part of the company. Stocks are a way for firms to raise financial capital and can lead to returns through dividends and capital gains.

Comparing Citigroup's stock with its bonds, a share of stock is generally riskier than a bond issued by the company. Stockholders benefit when the company performs well but also bear the losses if the company's value decreases. In contrast, bondholders receive a fixed interest payment regardless of the company's performance, making bonds a more stable investment. However, bondholders have less potential for profit compared to stockholders, who may benefit from rising stock prices in addition to receiving dividends.

Answer:

The correct answer is D

Explanation:

Expatriate manager is the one or the workers who are migrated from their home country to the outside nations in order to earn more than the in the home country.

In this case, Company expands the operations in France where they sends Gerard who is a citizen of American. So, this is an expatriate manager as he was migrated to France.

Answer:

The correct answer is option B.

Explanation:

Supply-side economics refers to the use of taxes to stimulate the economy. It involves reducing taxes to promote the incentive of working, saving and investing. This leads to an increase in the long-run aggregate supply.  

The supply-side fiscal policy provides incentives to businesses to expand their operations.  

Supply-side economics advocates that production leads to economic growth.

Answer: Information governance

Explanation:

Here , in this particular case we can state that the strategic goal of the organization that the individual is addressing in this scenario is Information governance. Here the organization uses the Information governance in order to stabilize the risk presented by the data and information along with  value provided by it.

Answer:

d. Cash is overstated and supplies is understated

Explanation:

This is a journal entry question that tests understanding of the concept of journals and correction of errors.

There are two major errors in this case;

1. the amount has been recorded wrongly

2. the wrong entries have been made in the journals.

Cash is an asset having a natural Debit balance, when an asset is reducing in value, we Credit it. Thus when Cash is being paid for an item, cash reduces while the quantity or number of that item increases.

The correct entry would have been to Credit Cash for $500 as cash is being paid for office supplies, and increase office supplies by Debiting it to the tune of $500. ie.

CR cash $500

DR office Supplies $500.

By Debiting cash $5,000 and Crediting office supplies $5,000, what the journal is saying is that cash of $5,000 has been received and office supplies of $5,000 has been given or sold out.

Saying Alexander Company has received $5,000 when in actual fact it has paid $500 is overstating cash and saying Alexander Company has sold office supplies when it in fact purchased them is understating office supplies.

I trust this helps you understand the concept.

Answer:

consumer privacy

Explanation:

Consumer privacy issues refer to the right that a consumer's personal information should be protected even though he/she provided that information for common transactions (e.g. are online purchases, social media interactions, etc.). The companies which receive that personal information should handle it properly and not make it available to other companies.

For example, credit card companies should not share data collected on its customers' buying habits with other companies.

This is also the reason why social media companies request us to accept their terms and conditions before using their services. When we accept those terms we surrender all our privacy rights since social media companies sell our private information. It's not ethical, but it's the reason why FB, Twitter, IG, etc. are free.

Answer:

Ziegler Corporation should report revenue from investment for 2015 in the amount of $75,000

Explanation:

given data

purchased = 25,000 shares

common stock = $40 per share

common stock outstanding = 100,000 shares

paid cash dividends = $90,000

net income = $300,000

to find out

revenue from investment for 2015 in the amount of

solution

we first get here Investment in Sherman Corporation that is

Investment  = purchased ÷ common stock outstanding     ..........................1

put here value

Investment  = [tex]\frac{25,000}{100000}[/tex]

Investment = 25%  

so that income from investment will be here we get

income from investment = 25%   of net income ........................2

put here value

income from investment = 25%  × $300,000

income from investment = 0.25  × $300,000

income from investment = $75,000

so Ziegler Corporation should report revenue from investment for 2015 in the amount of $75,000

Final answer:

Ziegler Corporation should report $22,500 as revenue from investment for 2015, which represents a 25% share of the $90,000 dividends paid out by Sherman Corporation.

Explanation:

To determine the revenue from investment that Ziegler Corporation should report for 2015 from its investment in Sherman Corporation, we need to calculate the share of Sherman Corporation's dividends that Ziegler is entitled to. Since Ziegler owns 25,000 out of the 100,000 shares outstanding of Sherman, it has a 25% ownership stake. Therefore, Ziegler would be entitled to 25% of the total dividends paid by Sherman in 2015.

Sherman Corporation paid out $90,000 in dividends in 2015. To find out how much of that Ziegler Corporation would receive, we multiply the total dividends by Ziegler's ownership percentage:

Total Dividends x Ownership Stake = Revenue from Investment
$90,000 x 25% = $22,500

Thus, Ziegler Corporation should report $22,500 as revenue from investment for the year 2015.

Answer:

I would choose B. But im not 100% sure.

Explanation:

Answer:

c) Staying power

Answer:

No

Explanation:

When Congress enacted the Federal Reserve Act in 1913, they stated the FED's mandates:

The FED's main objective is to conduct monetary policy in order to stabilize the economy and promote economic growth.

By stabilizing the economy the FED will lower inflation rate, therefore stabilizing prices. When the FED promotes economic growth, the unemployment rate should decrease, hopefully reaching a full employment.

The Federal Reserve's dual mandate does not explicitly include controlling stock prices, focusing instead on maximizing employment and maintaining price stability. Still, fluctuations in asset prices are sometimes considered indirectly when the Fed adjusts the federal funds rate to influence economic activity.

Cooling off rapid increases in stock prices is not explicitly part of the Federal Reserve's dual mandate, which focuses on fostering maximum employment and price stability. However, the Federal Reserve may consider the effects of asset price fluctuations on the broader economy when implementing monetary policy. The Fed's main tool for this is influencing the federal funds rate, which affects economic activity by making financial conditions more or less accommodating. When the Fed engages in operations to adjust the federal funds rate, it does so with the intention of impacting longer-term interest rates and, by extension, financial markets, including the stock market.

However, the primary targets remain economic growth, inflation, and unemployment rates, rather than directly targeting asset prices like stocks and real estate. The lesson from historical Fed actions is that they adjust interest rates based on their economic modeling to anticipate the movements of the business cycle, hoping to stimulate the economy during a downturn with lower rates and to curb inflation during an upturn by raising rates.

Answer:

d. internal politics

Explanation:

Considering all the options given

Option a technological advance is a valid basis for identifying potential projects in most organizations as it may be the key driver for the profitability of a project. An investment in a technology that becomes or is obsolete would most likely result in a loss.

Option b environmental consideration is also a valid basis for identifying potential projects as a company's reputation may be jeopardized if a project is not environmentally friendly

Option c social need is also a valid consideration as the need of the consumer may determine the viability of a project.

Internal politics option d is is the only option that does not influence the viability of a project.

Answer:

Since the check was altered (it was originally a $200 check and was altered to seem like a $2,000 check), then Susan cannot be considered a holder in due course.

A holder in due course of a check would be a person that receives a third party check in good faith without knowing any possible claim or defect.

If the check had been stolen and wasn't altered to change its value, then Susan could have claimed to be a holder in due course of the check since she was notified later about the theft.

Answer:

Janet has fallen for Foot in the floor technique.

Explanation:

The foot-in-the-door technique involves making a smaller request, which a person is likely to agree to, before making your larger request

Answer:

Job Rotation

Explanation:

Based on the information provided within the question it seems that the technique that Matt is using is called Job Rotation. This business technique refers to the act of employees rotating between job roles within the same company and taking all the responsibilities that are associated with that new role. Which is exactly what is happening in this scenario since Chet is switching to the ownership position within the business until Matt gets back, then they would rotate back.

Oligopoly is a form of firm syndicate that consist of traders that has same product and try to gain more profit by collaborating to each other.

There are couple of types of market

Answer: it is illegal in the United state.

Explanation:

Collusion is an anticompetitive behaviour and is a violation of antitrust law in United States.

Answer:

D. risk reduction

Explanation:

Risk reduction is a hazard management technique that aims at minimizing potential losses. In risk reduction, a company evaluate its business process to identify possible threat areas. The company then implements measures that will mitigate losses should the risk event occur.

Risk reduction lessens the impact of known hazards. This particular organization has identified potential risks associated with internet usage. It is vulnerable to online attacks either by hackers or malicious software program.  By installing firewalls, the organization reduces potential losses related to online attacks.

Answer:

Summer vacation but not winter vacation = 5 %

so correct option is A) 5%

Explanation:

given data

winter vacation = 75 %

winter and a summer vacation = 40%

neither a winter nor a summer vacation = 20%

to find out

what percent of the employees take a summer vacation but not a winter vacation

solution

we know that total is 100 % so

Winter vacation + Summer vacation - Both vacation + Neither vacation  = 100 %   ......................1

put here value we get

Winter vacation + Summer vacation - Both vacation + Neither vacation  = 100 %

75 % + Summer vacation - 40%  +  20% = 100 %

summer vacation =  45 %

so we get now Summer vacation but not winter vacation that is

Summer vacation but not winter vacation =  Summer vacation - both winter and a summer vacation      ...................2

Summer vacation but not winter vacation = 45% - 40 %

Summer vacation but not winter vacation = 5 %

so correct option is A) 5%

Answer:

The correct answer is B

Explanation:

Controllable cost is the one which can be altered or changed in the short term and it is considered to be controllable when the decision incur it reside with the person. But if the cost is imposed by the third party on the organization, will not be considered as the controllable cost.

So, it is that cost which is directly influenced by the manager within a stated period of time.

Final answer:

To discharge student loans through bankruptcy, one must prove undue hardship, which includes an inability to maintain a minimal standard of living, a persistent state of financial struggle, and efforts to repay the loans.

Explanation:

To have student loans discharged through bankruptcy, a person must demonstrate 'undue hardship.' This is a difficult standard to meet, as it usually requires proving that the individual cannot maintain a minimal standard of living if forced to repay the loans, that this hardship would continue for a significant portion of the repayment period, and that the debtor has made good faith efforts to repay the loans.

Filing for bankruptcy usually involves a bankruptcy court determining whether the loans cause undue hardship through an adversary proceeding. This process is often complex, and the outcomes can vary widely depending on jurisdiction and the specific circumstances of the debtor. Considering other financial aid options like scholarships, grants, or a work-study program prior to borrowing, as well as familiarizing oneself with the Free Application for Federal Student Aid (FAFSA), can be beneficial in managing postsecondary education costs and potentially reducing the need for large student loans.

Answer: Bureaucratic control

Explanation: Bureaucratic control is a method of controlling employees behavior in an organization by setting laid down rules and operational behaviors to be observed by the workers of the firm.

The organization in the question set some standardized safety rules to be followed by its workers, therefore the control measure applied is bureaucratic.

Final answer:

At BigBoom Fireworks Factory, the method of control that involves standardized procedures to ensure safety would be C. bureaucratic control, which is characterized by strict formal rules and processes.

Explanation:

The type of control method used at BigBoom Fireworks Factory where employees must use carefully standardized procedures for packing fireworks to prevent unwanted explosions is bureaucratic control. Bureaucratic control is characterized by the establishment of strong formal rules and procedures that are put in place to ensure consistency, safety, and efficiency within an organization.

This differs from the other types of control methods in that it involves the use of standardized regulations and a hierarchy of authority to manage and control behavior. Such measures are often part of command-and-control regulation, which includes government-imposed standards or processes that are required for industry compliance.

Answer:

13.3%

Explanation:

Given: Beginning Common Stockholders’ Equity: $10,317,000.

           Ending Common Stockholders’ Equity: $10,662,000.

            Net Income: $1,429,000

            Preferred stock: 8000 shares 6% at $75.

First, let calculate average common stockholder equity.

Average common stockholder equity= [tex]\frac{(Beginning\ equity+ending\ equity)}{2}[/tex]

⇒ Average common stockholder equity= [tex]\frac{(10317000+10662000)}{2} = \frac{20979000}{2}[/tex]

∴ Average common stockholder equity= $10489500.

Now, calculating preferred dividend.

⇒ Preferred dividend= [tex](8000 shares\times \$ 75\times 6\%) = \$ 36000[/tex]

∴ Preferred dividend= $36000.

Next, computing return on common shareholder equity.

Return on equity= [tex]\frac{(Net\ income - preferred\ dividend)}{ Average\ shareholder\ equity}[/tex]    

Return on equity= [tex]\frac{(1429000-36000)}{10489500} = \frac{1393000}{10489500}\times 100[/tex]

∴ Return on equity= 13.3%

∴ Return on common stockholders´ equity is 13.3%