Answer:
If all are in work, income of each member is ($120 × 3 ÷ 3 =) $120 and the net income of each member is ($120 - $50 =) $70. This is the highest total net income of each member and this could be achieved if all work.
Explanation:
If all are in work, income of each member is ($120 × 3 ÷ 3 =) $120 and the net income of each member is ($120 - $50 =) $70. This is the highest total net income of each member and this could be achieved if all work.
Carlson, Inc. owns 80 percent of Madrid, Inc. Carlson reports net income for 2018 (without consideration of its investment in Madrid, Inc.) of $1,500,000. For the same year, Madrid reports net income of $705,000. Carlson had bonds payable outstanding on January 1, 2018 with a carrying value of $1,200,000. Madrid acquired the bonds on the open market on January 3, 2018 for $1,090,000. For the year 2018, Carlson reported interest expense on the bonds in the amount of $96,000, while Madrid reported interest income of $94,000 for the same bonds. Assuming there are no excess amortizations or other intra-entity transactions, what is Carlson’s share of consolidated net income?
Answer:
$2,176,000
Explanation:
The computation of the Carlson’s share of consolidated net income is shown below:
= Net income for 2018 + Madrid net income × ownership percentage + income from bond + excess interest
= $1,500,000 + $705,000 × 80% + $110,000 + $2,000
= $1,500,000 + $564,000 + $110,000 +$2,000
= $2,176,000
The income from bond would be
= $1,200,000 - $1,090,000
= $110,000
And, the excess interest would be
= $96,000 - $94,000
= $2,000
The short-term scheduling activity called "loading": Select one:
a. assigns workers to jobs.
b. assigns jobs to work centers
c. assigns workers to machines.
d. assigns dates to specific jobs or operations steps.
e. specifies the order in which jobs should be done at each center.
Answer:
b. assigns jobs to work centers
Explanation:
Initially an aggregate plan is prepared and then there is a master plan, accordingly with that master plan divided into smaller sections some short term schedules are prepared.
Under the short term scheduling the term loading is done which refers to assignment of jobs to work centers.
This provides for the segregation of duties and work in between different work centers as in which work center will perform which job.
The company jointly performs all activities in order to meet the aggregate plan, by performing duties of each work center properly the goal can be achieved.
McDonald’s, Burger King, and Wendy’s all produce hamburgers, among other things. However, if you prefer burgers from McDonald’s, you might consider other burgers an imperfect substitute. With this in mind, which of the following statements would be correct about McDonald’s prices in the short run?
a. McDonald’s will maximize profits by producing where marginal revenue equals marginal cost.
b. McDonald’s will charge a price higher than marginal revenue and marginal cost.
c. McDonald’s will charge a price equal to marginal cost.
d. McDonald’s will set its prices like a perfect competitor.
e. McDonald’s consumers will pay a higher price as long as it is worth the value they place on their preference for McDonald’s burgers.
f. McDonald’s will set its prices like a monopolist.
Answer:
Correct statements about McDonald's price in given scenario are given below.
Explanation:
1. McDonald's will maximize profits by producing where marginal revenue equals marginal cost.
2. McDonald's will charge a price higher than marginal revenue and marginal cost.
3. McDonald's consumer will pay a higher price as long as it is worth value they place on their preference for McDonald's burgers.
4. McDonald's will set it's price like a monopolist.
McDonald's compete in market with two other competitor. Consumer prefer McDonald's burgers and consider other two firms burgers as a imperfect substitute.
In this scenario McDonald's will act like a monopoly in burger market.
Answer:
Correct statements about McDonald's price in given scenario are given below.
Explanation:
1. McDonald's will maximize profits by producing where marginal revenue equals marginal cost.
2. McDonald's will charge a price higher than marginal revenue and marginal cost.
3. McDonald's consumer will pay a higher price as long as it is worth value they place on their preference for McDonald's burgers.
4. McDonald's will set it's price like a monopolist.
McDonald's compete in market with two other competitor. Consumer prefer McDonald's burgers and consider other two firms burgers as a imperfect substitute.
In this scenario McDonald's will act like a monopoly in burger market.
Hudson Co. reports the contribution margin income statement for 2015. Assume sales and variable costs per unit remain constant.
HUDSON CO.
Contribution Margin Income Statement
For Year Ended December 31, 2015
Sales (9,300 units at $225 each) $ 2,092,500
Variable costs (9,300 units at $180 each) 1,674,000
Contribution margin $ 418,500
Fixed costs 321,300
Pretax income $ 97,200
The marketing manager believes that increasing advertising costs by $78,000 in 2016 will increase the company’s sales volume to 10,700 units. Prepare a forecasted contribution margin income statement for 2016 assuming the company incurs the additional advertising costs.
Forecasted contribution margin income statement for 2016
Sales ?
Variable Cost ?
Contribution Margin ?
Fixed Cost ?
Pretax Income ?
Answer:
Explanation:
The preparation of the forecasted contribution margin income statement for 2016 is presented below:
HUDSON CO.
Contribution Margin Income Statement
For the Year 2016
Sales (10,700 units × $225) $2,407,500
Less: Variable cost (10,700 units × $180) - $1,926,000
Contribution margin $481,500
Less: Fixed cost ($321,300 + $78,000) - $399,300
Pre tax income $82,200
Since the pre tax income is reduced so it is advised not to increase the advertising cost
What is fiscal policy?
A. Fiscal policy can be described as changes in interest rates and taxes to achieve macroeconomic policy objectives.
B. Fiscal policy can be described as changes in interest rates to achieve macroeconomic policy objectives.
C. Fiscal policy can be described as changes in government spending and interest rates to achieve macroeconomic policy objectives.
D. Fiscal policy can be described as changes in government spending and taxes to achieve macroeconomic policy objectives.
Who is responsible for fiscal policy?
A. The federal government controls fiscal policy.
B. The federal government and the Federal Reserve jointly control fiscal policy.
C. Fiscal policy is controlled by market forces.
D. The Federal Reserve controls fiscal policy.
Answer:
What is fiscal policy? The correct answer is D) Fiscal policy can be described as changes in government spending and taxes to achieve macroeconomic policy objectives.
Who is responsible for fiscal policy? The correct answer is A) The federal government controls fiscal policy.
Explanation:
What is fiscal policy? In order to achieve macroeconomic goals and influence the economy, fiscal policy adjusts goverments spendings and tax rates.
Who is responsible for fiscal policy? The responsibility for fiscal policy holds the federal government, the legislative branch (Congress) such as the executive branch (president & Secretary of treasure).
Answer:
D
Explanation:
Two insulation thickness alternatives have been proposed for a process steam line subject to severe weather conditions. One alternative must be selected. Estimated savings in heat loss and installation cost are given below. Which thickness would you recommend for a MARRequals12% per year and negligible market (salvage) values? The study period is 4 years. Use the imputed market value technique to estimate the market value of the 5 cm alternative after four years.
Answer:
= - $3068 per year
Explanation:
The AW of 5 cm insulation is
AW 5 cm (15%) = -40000(A/P, 15%, 6) +7500
=-40000(0.2642) +7500
= - $3068 per year
For a MARR of 12% per year and negligible market values, the recommended insulation thickness for the process steam line that is subject to severe weather conditions would be based on the insulation that leads to the highest net savings over the four-year period considering the cost of installation and the reduction in heat loss. However, without the specific heat loss and installation cost data provided for the alternatives, a definitive recommendation cannot be given. The imputed market value technique cannot be applied without these values.
To make an informed recommendation between two insulation thickness alternatives for a steam process line, an evaluation using the net present value (NPV) or equivalent annual cost (EAC) methods would typically be conducted. These methods consider both the upfront installation costs and the ongoing savings from reduced heat loss due to the insulation. The imputed market value technique might estimate the remaining value of the insulation after the study period, but without the initial cost and savings data, such calculations cannot be completed. Energy cost, installation cost, and heat conduction rate variations based on insulation thickness are key inputs for this decision-making process.
Powell Company began the 2016 accounting period with $19,100 cash, $60,800 inventory, $48,800 common stock, and $31,100 retained earnings. During 2016, Powell experienced the following events: 1. Sold merchandise costing $36,200 for $76,000 on account to Prentise Furniture Store. 2. Delivered the goods to Prentise under terms FOB destination. Freight costs were $365 cash. 3. Received returned goods from Prentise. The goods cost Powell $1,940 and were sold to Prentise for $3,960. 4. Granted Prentise a $1,100 allowance for damaged goods that Prentise agreed to keep. 5. Collected partial payment of $52,500 cash from accounts receivable. Requireda. Record the events in general journal format. Required a. Record the events in general journal format. (If no entry is required for a transaction/event, select No journal entry required in the first account field.) view transaction list view general journal Journal Entry Worksheet 1 2 3 4 5 6 Sold merchandise for $76,000 on account to Prentise Furniture Store. General Journal Debit Credit Date 1a. *Enter debits before credits done clear entry record entryb. Open general ledger T-accounts with the appropriate beginning balances and post the journal entries to the T-accounts.c. Prepare an income statement, balance sheet, and statement of cash flows. d. Why would Prentise agree to keep the damaged goods?
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Given the following information, calculate the effective gross income multiplier: sale price: $950,000; potential gross income: $250,000; vacancy and collection losses: 15%; and miscellaneous income: $50,000.
A. 0.36
B. 0.30
C. 2.8
D. 3.6
Answer:
D. 3.6
Explanation:
The effective gross income multiplier (EGIM) is the ratio between the sale price (SP) and the effective growth income (EGI)
[tex]EGIM = \frac{SP}{EGI}[/tex]
Sales Price (SP) = $950,000
Potential gross income (PI) = $250,000
Vacancy and collection losses (VC)= 15% = 0.15 * $250,000 = $37,500
Miscellaneous income (M) = $50,000.
The effective growth income is given by:
[tex]EGI = PI +M - VC = \$250,000 +\$50,000 - \$37,500\\EGI = \$262,500[/tex]
Thus, the effective gross income multiplier is:
[tex]EGIM = \frac{\$950,000}{\$262,500} \\EGIM = 3.6[/tex]
Suppose you invested $100 in the Ishares High Yield Fund (HYG) a month ago. It paid a
dividend of $2 today and then you sold it for $95. What was your dividend yield and capital
gains yield on the investment?
A) 2%, -5%
B) 2%, 5%
C) -2%, 5%
D) 5%, 2%
Answer:
A) 2%, -5%
Explanation:
The computations are shown below:
Dividend yield = (Annual yield) ÷ (market price) × 100
where,
Market price = $95 per share
Annual dividend = $2 per share
So, the dividend yield = ($2 per share ÷ $95 per share) × 100
= 2%
Capital gain yield = (Market price - purchase price) ÷ (purchase price) × 100
= ($95 - $100) ÷ ($100) × 100
= -5%
We assume the purchase price is 100
Compute the total manufacturing cost for a manufacturer with the following information for the month.
Raw materials purchased $ 32,400
Direct materials used 53,750
Direct labor used 12,000
Factory supervisor salary 8,000
Salesperson commissions 6,200
Depreciation expense—Factory building 3,500
Depreciation expense—Delivery equipment 2,200
Indirect materials 1,250
Final answer:
The total manufacturing cost is the sum of direct materials used, direct labor, and manufacturing overhead expenses. In this case, it would be $53,750 for direct materials, $12,000 for direct labor, and $12,750 for manufacturing overhead (supervisor salary, factory building depreciation, and indirect materials), amounting to $78,500 in total.
Explanation:
The total manufacturing cost for a manufacturer includes all costs directly associated with the production process. To calculate this, we sum the direct materials used, direct labor, and manufacturing overhead expenses. The direct materials are the raw materials that are transformed into the finished product, and direct labor is the cost of the workforce that is directly involved in the manufacturing process. Manufacturing overhead consists of indirect costs related to production, such as the factory supervisor's salary and the depreciation on the factory building.
To compute the total manufacturing cost, we add:
Direct materials used: $53,750
Direct labor used: $12,000
Factory supervisor salary (part of manufacturing overhead): $8,000
Depreciation expense—Factory building (part of manufacturing overhead): $3,500
Indirect materials (part of manufacturing overhead): $1,250
However, salesperson commissions and depreciation on delivery equipment are not part of manufacturing costs, as they are generally considered selling and administrative expenses. Therefore, they are not included in the total manufacturing cost calculation.
Adding the values provided:
$53,750 (Direct materials used) + $12,000 (Direct labor used) + $8,000 (Factory supervisor's salary) + $3,500 (Depreciation on factory building) + $1,250 (Indirect materials) = $78,500 total manufacturing cost.
TopChop sells hairstyling franchises. TopChop receives $56,000 from a new franchisee for providing initial training, equipment and furnishings that have a standalone selling price of $56,000. TopChop also receives $35,000 per year for use of the TopChop name and for ongoing consulting services (starting on the date the franchise is purchased). Carlos became a TopChop franchisee on July 1, 2016, and on August 1, 2016, had completed training and was open for business.
How much revenue in 2016 will TopChop recognize for its arrangement with Carlos?
Answer:
$73,500 is the revenue TopChop will recognize for the arrangement with Carlos.
Explanation:
Revenue is calculated as follows.
= amount received + Use of name
= $56,000 + $35,000 × (1÷2)
= $73,500
New franchise fee can be immediately recognised as income.
Final answer:
TopChop would recognize $56,000 for the initial equipment and training, and a prorated amount of $17,500 for the half-year use of the franchise name and consulting services, totaling $73,500 in revenue for 2016.
Explanation:
TopChop will recognize revenue based on when the services are provided. Since the franchise was purchased on July 1, 2016, and Carlos completed training and opened for business on August 1, 2016, TopChop would recognize the full $56,000 for the initial training, equipment, and furnishings immediately, as this is the standalone selling price and the service was provided.
Additionally, TopChop would recognize prorated annual fees for the consulting services and use of the TopChop name starting from July 1, 2016, to December 31, 2016 (half of the $35,000 annual fee), which is $17,500.
Therefore, the total revenue recognized by TopChop for its arrangement with Carlos in 2016 would be $56,000 (for setup services) plus $17,500 (from the annual fee), totaling $73,500.
A yearminusend review of Accounts Receivable and estimated uncollectible percentages revealed the following:
Days Outstanding Accounts Receivable Est. Percent Uncollectible
1 -30days $ 60, 000 3%
31-60 days $ 40,000 5%
61-90 days $ 25, 000 12%
Over 90 days $ 7, 000 50%
Before the yearminusend adjustment, the credit balance in Allowance for Uncollectible Accounts was $ 1, 000. Under the agingminusofminusreceivables method, the UncollectibleminusAccount Expense at yearminusend is _______?
Answer:
The Uncollectible Account Expense at year end is $9,300
Explanation:
At the end of the year:
Estimated Uncollectible = $60,000 x 3% + $40,000 x 5% + $25,000 x 12% + $7,000 x 50% = $10,300
The company uses aging of receivables method. Before adjustment, the credit balance in Allowance for Uncollectible Accounts was $ 1,000. Therefore: Uncollectible Account Expense = $10,300 - $1,000 = $9,300
The entry:
Debit Uncollectible Account Expense $9,300
Credit Allowance for Uncollectible Accounts $9,300
NU YU announced today that it will begin paying annual dividends. The first dividend will be paid next year in the amount of $.35 a share. The following dividends will be $.40, $.55, and $.85 a share annually for the following three years, respectively. After that, dividends are projected to increase by 2.7 percent per year. How much are you willing to pay today to buy one share of this stock if your desired rate of return is 8 percent?]
Answer:
$13.84
Explanation:
Find the present value (PV) of each year's dividend;
PV( of D1) = 0.35 / (1.08) = 0.3241
PV( of D2) = 0.40 / (1.08²) = 0.3429
PV( of D3) = 0.55 / (1.08³) = 0.4366
PV( of D4) = 0.85 /(1.08^4) = 0.6248
Find PV of terminal cashflow;
D5 = D4(1+g) = 0.85(1.027) = 0.8730
PV( of D5 onwards)= [tex]\frac{\frac{0.8730}{0.08- 0.027} }{1.08^{4} }\\ \\ =\frac{16.4717}{1.3605}[/tex]
PV( of D5 onwards) = 12.1071
Sum up the PVs to find the price per share;
= 0.3241 + 0.3429 + 0.4366 + 0.6248 + 12.1071
= 13.836
Therefore, you should pay $13.84
Fill in the blanks. It is ____ for individual firms in competitive markets to invest in advertising because they sell ______. Advertising in this market increases _____ without directly influencing sales. However, ______ will still advertise to increase demand for the common product.
In competitive markets, firms are less likely to invest in advertising due to the homogeneity of products, but they may still do so in monopolistic competition to differentiate their offerings. Successful advertising can make the perceived demand curve for a firm's product more inelastic or shift it to the right.
Explanation:It is less common for individual firms in competitive markets to invest in advertising because they sell homogeneous products. Advertising in this market increases market awareness without directly influencing sales. However, firms will still advertise to increase demand for the common product.
Advertising in competitive markets is a way for firms to differentiate themselves from their competitors. In a monopolistic competition, advertising can make a firm's perceived demand curve become more inelastic (steeper) or increase overall demand for the firm's product (shifting the demand curve to the right). A successful advertising strategy may lead to increased profits by allowing the firm to charge higher prices or sell larger quantities.
Today, Jennifer earns $55000 at her first job. Her mom used to make $15,000 at her first job in 1975. Jennifer is of the opinion that she makes more than her mom would have made if she started working today. Her mom thinks Jennifer would have earned less than she if Jennifer had started working in 1975. If the CPI today is 237 and the CPI in 1975 was 82, then
Answer:
Jennifer makes more.
Explanation:
($15,000/82) x 237= $43,354
($55,000/237) x 82 = $19,030
Jennifer makes more.
The Reading Co. has adopted a policy of increasing the annual dividend on its common stock at a constant rate of 3 percent annually. The last dividend it paid (T = 0) was $.90 a share. What will be the company's dividend six years from now?
Answer:
$1.07
Explanation:
In this question ,we use the formula which is shown below:
A = P × (1 + r ÷ 100)^n
where,
P = Present value $0.90
A = Future value
rate =3%
number of years = 6
Now put these values to the above formula
So, the value would be equal to
= $0.90 × (1 + 3%)^6
= $0.90 × 1.03^6
= $0.90 + 1.194052
= $1.07
We considered all the items so that the correct dividend can come
What is meant by a progressive tax?
A regressive tax?
A pro- portional tax?
Comment on the progressivity or regressivity of each of the following taxes, indicating in each case where you think the tax incidence lies:
(a) the Federal personal in- come tax
(b) a 4 percent state general sales tax
(c) a Federal excise tax on automobile tires
(d) a municipal property tax on real estate
(e) the Federal corporate income tax
(f) the portion of the payroll tax levied on employers
Answer:
Progressive tax—A tax that takes a larger percentage of income from high-income groups than from low-income groups.
Regressive tax—A tax that takes a larger percentage of income from low-income groups than from high-income groups
A proportional tax is an income tax system where the same percentage of tax is levied on all taxpayers, regardless of their income.
Explanation:
Taxes can be progressive, regressive, or proportional, impacting individuals based on their income levels. The Federal personal income tax is progressive, a general sales tax is regressive, and the payroll tax on employers is proportionally regressive.
A progressive tax is a tax where the tax rate increases as the taxable income or expenditure increases. This system aims to tax individuals based on their ability to pay, with higher-income earners paying a greater percentage of their income in taxes.
A regressive tax is one where the tax burden falls more heavily on low-income individuals, since the tax takes up a larger percentage of their income despite the rate being flat or decreasing as the income increases.
A proportional tax, or flat tax, is where everyone pays the same percentage of their income, regardless of how much they earn.
The Federal personal income tax is progressive, with high-income earners paying a higher percentage of their income.A 4% state general sales tax is generally regressive, as it consumes a larger portion of lower-income earners' budgets.A Federal excise tax on automobile tires is regressive, as it represents a larger financial burden relative to income for those with lower incomes who still need to purchase tires.A municipal property tax on real estate is typically regressive unless it includes exemptions or progressive elements to mitigate the burden on lower-value properties and their owners.The Federal corporate income tax is intended to be progressive, as it taxes corporations based on their profits.The portion of the payroll tax levied on employers is proportional up to a certain income cap, after which it becomes regressive.Dirty Don's Bicycle Shop is current financed with 100% equity. The firm currently has 100,000 shares of common stock outstanding, selling for $50 per share. Don is considering a capital restructuring project, where the firm would be financed with 45% debt and 55% equity. How many bonds would Don have to sell at par value? (Remember that par value of a bond is $1,000).
Answer:
Number of bonds to raise = 2250
Explanation:
given data
current financed = 100% equity
common stock outstanding = 100,000 shares
selling = $50 per share
debt = 45%
equity =55%
par value of a bond = $1,000
to find out
How many bonds would Don have to sell at par value
solution
we get here first the value of equity that is express as
value of equity = Number of shares × Price per share .................1
put here value
value of equity = 100,000 × $50
value of equity = $5,000,000
and
financed with bonds = 45 % of value of equity
financed with bonds = 45 % × $5,000,000
financed with bonds = $2,250,000
so
Number of bonds to raise is express as
Number of bonds to raise = [tex]\frac{2,250,000}{1000}[/tex]
Number of bonds to raise = 2250
On September 1, Horn Co. accepted a 60-day, 5% note in the amount of $3,000 from a customer. On the due date of the note, the customer dishonors the note and fails to pay. The journal entry that Horn would make on the due date would include debit to:
Answer:
Notes Receivables $3,025.
Explanation:
As the company issued a note on credit, an notes Receivables account created. Therefore, it is the duty to pay the due during the maturity date. If he fails to pay, the notes receivables account will become debit again.
Therefore, notes receivable is debit.
Calculation:
Interest on Notes receivables on due date -
$3,000 x 5% x (60/360) = $150 x (1/6) = $25
Total amounts to be paid -
$3,000 + 25 = $3,025.
Answer:
Accounts Receivable for $3,025
Explanation:
Which one of the following is a general characteristic of a securities broker?
A.Trades from his or her own inventory
B. Trades only foreign securities
C. Trades listed securities in an auction market
D. Trades electronically from any geographic location
E. Is the principal trader of debt securities
Answer:C. Trade listed security in an auction market
Explanation:
A broker is an agent in the securites market that deals in the purchase and sales of securities for a return referred to as brokerage.
The securites market is an auction market for securities.
He may or may not trade from his own inventory, his trading his not restricted to foreign securities,he may trade physically or electronically and he his a principal trader of not only debt securities but including equity securities.
The Mammon Savings and Loan Company claims that the average amount of money on deposit in a savings account in their bank is $7,500. Suppose a random sample of 49 accounts shows the average amount on deposit to be $6,850 with sample standard deviation $1,200. Construct a hypothesis test to determine whether the average amount on deposit per account is different from $7,500. Use a 1% level of significance.
Answer:
We reject H0 to conclude that average money deposit in savings bank account in the bank is different from $7500.
Explanation:
Please see attachment
Hemmer Company reported net income for 2018 in the amount of $45,000. The company's financial statements also included the following: Decrease in accounts receivable $ 6,400 Increase in inventory 1,100 Depreciation expense 3,200 What is net cash provided by operating activities?.
Answer:
$53,500
Explanation:
The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:
Cash flow from Operating activities - Indirect method
Net income $45,000
Adjustment made:
Add : Depreciation expense $3,200
Add: Decrease in accounts receivable $6,400
Less: Increase in inventory -$1,100
Total of Adjustments $8,500
Net Cash flow from Operating activities $53,500
If the minimum wage is set above the market equilibrium wage, a. All of the above are correct. b. highly-skilled workers will have a harder time finding jobs. c. unemployment will rise. d. the quantity of labor supplied will be below the quantity of labor demanded.
Answer: The correct answer is "c. unemployment will rise.".
Explanation: If the minimum wage is set above the market equilibrium wage, unemployment will rise.
When the minimum wage is set above the market equilibrium salary, the amount of work offered is greater than the amount demanded. The result is unemployment.
Answer:
(C). Unemployment will rise
Explanation:
Minimum wage is the lowest amount that can be paid to an employee for performing a job and paying below this amount is illegal.
Market equilibrium wage is the amount companies are willing to pay workers taking on new jobs, when the market is in equilibrium (when demand equals supply).
Setting the minimum wage above the market equilibrium wage will mean that more people will be available to take jobs, while companies will reduce the amount of people they hire if they are to keep their wage costs constant.
As such, "unemployment will increase", and demand for labor reduces and goes below the quantity of labor supplied.
One of the least desirable and routine tasks members of your team must do is taking minutes (notes) at team meetings. Proof that this task is disagreeable can be seen in the repeated arguments among team members before every meeting about who should take the minutes. Which of the following would be the most effective way for the team to address this stuation? Sellect 1- Save Answer ts ■ Ask your manager to decide in order to minimize any personal bias among team members. [] Randomly assign a person to bé the official note taker at the beginig of each meeting
Answer:
This question is incomplete, here is the complete question:
One of the least desirable and routine tasks members of your team must do is taking minutes (notes) at team meetings. Proof that this task is disagreeable can be seen in the repeated arguments among team members before every meeting about who should take the minutes. Which of the following would be the most effective way for the team to address this situation? Select: 1
a) Assign note-taking to whichever person enters last at each meeting.
b) Ask your manager to decide in order to minimize any personal bias among team members.
c) Randomly assign a person to be the official note-taker at the beginning of each meeting.
d) Create a rotating assignment so each team member shares note-taking
The answer is d)
Explanation:
Since bias and routine can be a big culprit for team effectiveness, it is up to the manager to control the level of uniformity and objectivity. Teams are all about equality and there is no reason why a particular team member should engage with a monotonous task more frequently than others.
Therefore, a rotating assignment is the way to get every team member engaged with the troublesome task.
Although team member bias would be avoided in the b) case, manager bias would still be present and unavoidable. The a) case is highly unprofessional and is an over-the-top gamification element in team management.
While c) may be a reasonable answer, random assignment can "favor" one person over the other at certain times, as the random algorithm doesn't always have to abide with the uniform distribution.
Having all of that in mind, d) is the best answer possible.
Penny Bank, a discount store, is highly competitive. When entering a new market, Penny Bank often cuts prices so deeply that it sells below costs, effectively pushing smaller retail stores with less purchasing power out of the market. In this case, Penny Bank is using___________.
Answer: The correct answer is "Predatory pricing".
Explanation: In this case, Penny Bank is using predatory pricing.
Predatory prices consist of a pricing strategy that seeks to reduce prices below cost and have the effect of removing all competitors from the market, which although they are equally efficient as the firm that carries out the strategy, cannot withstand the competition of such low prices. The predominant firm on the other hand, aims to keep the entire market and then increase prices and obtain monopoly profits.
In February 2017 the risk-free rate was 4.97 percent, the market risk premium was 7 percent, and the beta for Twitter stock was 1.40. What is the expected return that was consistent with the systematic risk associated with the returns on Twitter stock?
Answer:
14.77%
Explanation:
In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below
Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)
= 4.97% + 1.40 × 7%
= 4.97% + 9.8%
= 14.77%
The (Market rate of return - Risk-free rate of return) is also called market risk premium and the same is shown in the answer
Based on the concept of the risk-free rate and the available information, the expected return on Twittér stock is $14.77
How to determine the expected returnTo calculate the expected return consistent with the systematic risk associated with the returns on Twittér stock, use the Capital Asset Pricing Model (CAPM).
The CAPM formula is as follows:
Expected Return = Risk-Free Rate + (Beta * Market Risk Premium)
Given the following information:
Risk-Free Rate = 4.97%
Market Risk Premium = 7%
Beta (β) for Twittér stock = 1.40
calculate the expected return:
Expected Return = 4.97% + (1.40 * 7%)
Expected Return = 4.97% + 9.8%
Expected Return = 14.77%
Therefore, in this case, it is concluded that the expected return that is consistent with the systematic risk associated with the returns on Twittér stock is 14.77%.
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Miller owns a personal residence with a fair market value of $202,700 and an outstanding first mortgage of $162,160, which was used entirely to acquire the residence. This year, Miller gets a home equity loan of $10,135 to purchase new jet skis. How much of this mortgage debt is treated as qualified residence indebtedness?
Qualified Residence Indebtedness includes only those loans used for buying, building, or improving a home, and not those used for other purchases. In this case, only the original mortgage amount of $162,160 qualifies, while the home equity loan of $10,135 does not.
Explanation:The IRS defines Qualified Residence Indebtedness as a mortgage that you took out to buy, build, or substantially improve your primary or secondary home, and it must also be secured by that home. In Miller's case, the mortgage outstanding of $162,160 qualifies as this was used to acquire the residence. Although the home equity loan of $10,135 was secured by the same home, because it was used for purchasing jet skis and not for home improvement, it is not counted as Qualified Residence Indebtedness. Therefore, only the $162,160 from the first mortgage is treated as Qualified Residence Indebtedness.
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Carbondale Oil announces that a well that it has sunk in a new oil province has shown the
existence of substantial oil reserves. The exploitation of these reserves is expected to increase
Carbondaleʹs free cash flow by $100 million per year for eight years. If investors had not been
expecting this news, what is the most likely effect on Carbondaleʹs stock price upon the
announcement, given that Carbondale has 80 million shares outstanding, no debt, and an equity
cost of capital of 11%?
A) no effect
B) rise by $5.15
C) rise by $6.43
D) rise by $7.72
Answer:
C) rise by $6.43
Explanation:
This due to the fact that investors had not expected the news and it is favorable to them.
A condominium developer buys three times as much land as is needed to build a planned 50-unit development so that, if things go well, two additional 50-unit developments can be built without having to acquire additional land. The developer is prepared to exercise the option to:A) quit.B) expand.C) abandon.D) wait.E) rebuild.
Answer:E
Explanation:
A company purchased $10,100 of merchandise on June 15 with terms of 2/10, n/45, and FOB shipping point. The freight charge, $550, was added to the invoice amount. On June 20, it returned $880 of that merchandise. On June 24, it paid the balance owed for the merchandise taking any discount it is entitled to. The cash paid on June 24 equals:
Answer:
$9,586
Explanation:
The computation of the cash paid is shown below:
= Merchandise amount - returned goods - discount + freight charges
= $10,100 - $880 - $184.40 + $550
= $9,586
The discount = (Merchandise amount - returned goods) × discount rate
= ($10,100 - $880) × 2%
= $184.40
Simply we deduct the returned goods and discount and added the freight charges to the merchandise amount so that the correct amount can come.