Given below is an excerpt from a management performance report:
Budget Actual Difference
Contribution margin $1,000,000 $1,050,000 $50,000
Controllable fixed costs $ 500,000 $ 450,000 $50,000
The manager's overall performance
a. is 20% below expectations.
b. is 20% above expectations.
c. is equal to expectations.
d. cannot be determined from information given.

Answer:

1.89 years and 2.91 years

Explanation:

The formula to compute the payback period is shown below:

= Initial investment ÷ Net cash flow

For first case

The initial investment is $260,000

And, the net cash flow is shown below:

= Depreciation + incremental after tax income

where,

Depreciation equals to

= (Original cost - residual value) ÷ (useful life)

= ($260,000 - $10,000) ÷ (4 years)

= ($20,000) ÷ (4 years)  

= $62,500

And the incremental after tax income is $75,000

So, the net cash flow would equal to

= $62,500 + $75,000

= $137,500

So, the payback period would be

= $260,000 ÷ $137,500

= 1.89 years

For second case

The initial investment is $170,000

And, the net cash flow is shown below:

= Depreciation + incremental after tax income

where,

Depreciation equals to

= (Original cost - residual value) ÷ (useful life)

= ($170,000 - $14,000) ÷ (9 years)

= ($156,000) ÷ (9 years)  

= $17,333

And the incremental after tax income is $41,000

So, the net cash flow would equal to

= $17,333 + $41,000

= $58,333

So, the payback period would be

= $170,000 ÷ $58,333

= 2.91 years

Final answer:

Using the compound interest formula, the sophomore class would receive approximately $1901.93 from their $1700 investment in a 30-month CD at 4.5% interest compounded monthly after 30 months.

Explanation:

To calculate the final amount obtained from a certificate of deposit (CD) with compounded interest, you can use the compound interest formula: A = P[tex](1 + r/n)^{(nt)}[/tex], where A is the amount of money accumulated after n years, including interest, P is the principal amount (the initial amount of money), r is the annual interest rate (decimal), n is the number of times that interest is compounded per year, and t is the time the money is invested for in years.

In this case, the high school sophomore class invested $1700 at an annual interest rate of 4.5% (0.045 in decimal form) compounded monthly (n = 12) for a period of 30 months (which is 30/12 = 2.5 years). Therefore, the formula to determine the amount they will receive after 30 months would be:

A = 1700 * [tex](1 + 0.045/12)^{(12*2.5)}[/tex]

Let's do the math:

A = 1700 * [tex](1 + 0.00375)^{(30)}[/tex]

A = 1700 *[tex](1.00375)^{30}[/tex]

A ≈ 1700 * 1.11878

A ≈ $1901.93

So, after 30 months, the sophomore class would receive approximately $1901.93 when they cash in their CD.

Answer:

The correct answer is A that is Inventory management

Explanation:

Inventory management is the term which is related to the supervision of the non-capitalized assets which is inventory and the items of the stock. A supply chain management component, which is inventory management, supervises or look after the flow of goods from the makers or the manufacturers to the storage or warehouses.

So, the inventory management is the activity of the physical distribution which is vital in supervising the items which could lead to decrease in storage, shipping and other cost.

Answer: Option B

Explanation: In simple words,  a bank statement refers to the statement which depicts the balance in a  bank account at a specified date and also it shows how much of the amount is deposited and how much is withdrawn at which dates.

In other words, it works like a financial balance sheet with more descriptive information. These statements are not valued by investors as it does not depict much information relevant to them. Their use remains limited to the holder of such account.

Answer: b. shows the activity that increased or decreased the company's account balance.

Explanation:

Answer:

The Net Promoter Score measures:​ (A) the degree to which a viewer promotes the product, (C) satisfaction and its (D) ​loyalty.

Explanation:

Net Promoter Score or NPS is a variety of index that is given to the customers of a product or service by the brands to know how they feel about the product and the brand. Primarily, the NPS is concentrated on understanding how much the customer is willing to promote or recommend the company's product or service to others. Additional fields that the NPS targets are customer satisfaction and how much the customers are loyal to the brand.

Hence, alternatives A, C, and D are correct for the Net Promoter Score.

Answer:

7.31%

Explanation:

Data provided in the question:

Annual dividend paid, D0 = $1.48

Dividend growth rate, g = 2.2% = 0.022

Current stock price per share = $29.60

Now,

Current price of share = D1 ÷ (r - g)      .........(1)

Here,

r is the required rate of return

D1 = dividend at year 1 =  D0 × (1 + g)

= $1.48 × (1 + 0.022)

= $1.51256

Therefore, from (1) we get

$29.60 = $1.51256 ÷ (r - 0.022)

or

(r - 0.022) = 0.0511

or

r = 0.0511 + 0.022

or

r = 0.0731

or

r = 0.0731 × 100% = 7.31%

To calculate the rate of return on Judy's Boutique's stock, the dividend yield is first determined by dividing the $1.48 annual dividend by the $29.60 stock price, resulting in approximately 5%. Adding the annual dividend growth rate of 2.2%, the estimated total rate of return is 7.2%.

To calculate the rate of return on Judy's Boutique's stock, we must consider both the dividend yield and the dividend growth rate. The dividend yield is calculated by dividing the annual dividend by the current stock price. In this case, it would be $1.48 divided by $29.60, which equals approximately 0.05 or 5%.

Since the dividends are increasing annually by 2.2%, this growth rate must be added to the initial yield to estimate the total rate of return. Thus, the total rate of return is the sum of the initial dividend yield plus the dividend growth rate, which in this case would be 5% + 2.2% = 7.2%.

However, if we only want to calculate the rate of return for the next year without considering continuous growth, we would only consider the initial dividend yield as the rate of return for one year. For multi-year investments, the dividend growth rate should be compounded annually, which requires more complex calculations. Still, for a basic one-year outlook, the rate of return is approximately 5%.

Answer:  Value pricing

Explanation: In simple words, value pricing refers to a pricing strategy in which an organisation prices its product on the basis of the utility value that the customers perceive for the product rather than on the basis of the cost of producing the product.

For example- Ferrari charges its customers more for a red colored sports car although the cost of producing any color is the same.

Hence from the above we can conclude that company is doing value pricing.

Answer: Market penetration pricing

Explanation: Market penetration pricing is a business strategy where a company starts off the sales of its product at a relatively low price, and then increases the price of it product as it gains customers with time.

Whiz Corp needs to start up with a penetration price to attract customers to their new automobile they are selling.

Answer:

cost of land record = $206550

Explanation:

given data

market value of the land = $320000

market value of the building  = $470000

acquired both land and building = $510000

to find out

amount should the corporation record the cost of land

solution

first we find market value to total assets that is

market value to total assets = market value of the land + market value of the building ......................1

put here value

market value to total assets = $320000 + $470000

market value to total assets = $790000

and

share of land in the total market that is

share of land in the total market = [tex]\frac{market\ value\  of \ land}{total\ assets \ value}[/tex]   .......................2

put here value

share of land in the total market = [tex]\frac{320000}{790000}[/tex]

share of land in the total market = 40.50 %

and

cost of land record = share of land in the total market × acquired both land and building    .......................3

put here value

cost of land record = $510000 × 40.50%

cost of land record = $206550

Answer:

d.bad debt expense.

Explanation:

Bad debts expense is an account receivable that is no longer collectible. Bad debt is a debt obligation by a customer of which he or she is unable to pay. It arises when the company sells goods on credit, but unfortunately, the customer fails to pay.

Customers fail to honor payments due to financial challenges or bankruptcy. Bad debts are a cost to the business. When a bad debt has been realized, the amount is debited to the bad debts expense account and credited to accounts receivable. Bad debts reduce the amounts expected as inflow and increase costs in a business. To mitigate against bad debts, companies provide an allowance for bad and doubtful debts.

Answer:

A) retained earnings represents a claim on cash.

Explanation:

Retained earnings are the accumulated profits that a company keeps that are left after dividends are paid. Retained earnings are the equivalent of a savings account for an individual. Retained earnings are shown in the balance sheet as part of owners' equity.

For example, corporation A had a net profit of $10 million during last year, and it paid dividends for a total of $4 million, its retained earnings for last year are $6 million.

Companies use retained earnings as money available for financing new or existing projects.

Answer: (C).

The second plan is an example of an "operating plan".

Explanation:

An operating plan is a detailed plan that breaks down a long-term strategic plan to be implemented over several years, into smaller units that can be achieved within shorter periods (such as one year).

Within the period allocated to the operating plan, weekly and monthly targets are set, and short term objectives are developed. Processes are then put in place and resources are deployed towards meeting these targets and objectives.

Once targets are met, then the next phase of the long term plan is acted upon.

All of this is done with the main purpose of achieving the long term organizational goals and objectives.

Therefore, the 12-month plan set up by the management of Computer Rescues, Inc. is an "operating plan".

Answer:

C) operating

Explanation:

operating

The operating plan is scheduled generally for a 12 month period, it identifies important targets such as market share, cash flow and revenues and it defines a business conduction strategies based on the action plan

Answer:

Letter A is correct. Self-control.

Explanation:

An executive self-control system is one that is used by the individual himself to regulate his behaviors so that certain goals and results are achieved. Through mind processes, we are able to develop focus and planning skills.

that assist in performing various tasks effectively. The added benefits of self-control are related to the ability to set priorities, achieve personal motivation and skills that will help identify the best choices for our needs.

Answer:

$120,000.00

Explanation:

Depreciable cost is the amount of money that can be depreciated over time from the value of an asset. It is the total book value an asset loses for being in production in its useful life. Depreciable cost is important is calculating the annual depreciation.

Depreciable cost is a result of the cost of an asset minus its expected salvage value.

In case case: $150,000- $ 30,000

=$120,000.00

Depreciable value is $120,000

Answer:

C) a watermelon, a chair, and a pencil is a list of private goods only.

Explanation:

In Economics, private goods are goods that need to be purchased for consumption, and if an individual is consuming it, then the other individuals cannot consume it. These goods are also considered as excludable which means that if a user has bought it, he/she can prohibit its use from the public through ownership rights. The owner could be an individual or a group of individuals.

By applying the above definition, it is clear that C is the only alternative that consists of private goods only, that is, A watermelon, a chair, and a pencil.

Private goods are goods that are both excludable and rivalrous in consumption. In the given options, option A includes goods that are privately owned and can be restricted to certain individuals.

The correct answer is A) a watermelon, toll highways, a private beach, a chair.

Private goods are goods that are both excludable and rivalrous in consumption. Excludable means that access to the good can be restricted and provided only to those who pay for it. Rivalrous in consumption means that the consumption of the good by one individual reduces its availability for others. In the given options, option A includes goods that are privately owned and can be restricted to certain individuals, making it a list of private goods only.

Answer:

$5,000

Explanation:

Money received as scholarship and used to pay for tuition or related expenses is not included in the gross income. So the $1,000 scholarship from the Thespian Club and the $4,000 scholarship from the Elks Lodge are not taxable. The only taxable income that Henry earned is the $5,000 that he was paid for being a dorm supervisor.

Final answer:

Henry should report $5,000 of income on his tax return, which is the amount received from the work-study program for room and board.

Explanation:

Henry received various forms of financial aid for college, including scholarships and a work-study program. To determine which portions of this assistance must be reported as income on his tax return, we can look to IRS guidelines. Generally, scholarship funds used directly for tuition and books are not taxable, while money used for living expenses, such as room and board, may be considered taxable income.

From the information provided, Henry received a $1,000 scholarship for books and a $4,000 scholarship for tuition from the Thespian Club and the Elks Lodge, respectively. These amounts typically would not be taxable since they are used directly for education-related expenses. However, his $5,000 work-study program award for room and board may be considered taxable income.

Therefore, Henry would need to report $5,000 on his tax return, which is the amount allotted for his room and board. When it comes to college affordability, the cost of tuition, fees, room and board can be substantial, with the College Board's estimate and the increasing student loan debt emphasizing the scale of expenses faced by students.

Answer:

$280 billion

Explanation:

An economy reaches the equilibrium when there is an equal amount of supply and demand.

Answer:

The correct answer is d. "blue ocean strategy".

Explanation:

The strategy seeks to set aside competition between companies, expanding the market through innovation. What companies need to be successful in the future is to stop competing with each other. In the last twenty-five years, all strategic thinking has been directed to the red ocean; The administration defines that in the competition there is the success or failure of the companies, which has allowed many to know how to perform skillfully in this world, but ignoring that another type of strategy could generate better results, without worrying so much about the competition.

The red ocean represents all existing industries today. These companies must have clearly marked limits, as well as defined competencies, and their objective is to overcome the rival and gain a great position in the market. They are constantly exposed to the emergence of new competitors, which decrease their chances of growth. Usually, this type of ocean is the reality of every business.

Answer: made

Explanation: In simple words, adjustment in accounting refers to the transactions that are not recorded in the accounts yet but actually belongs to it with respect to the time period of their occurrence.

There are generally five types adjusting entries accrued revues, accrued expenses, deferred revenues, deferred expenses and deprecation expenses. Such entries are usually made at the end of the year in their respective accounts.

Answer:

B) why both discrepancies of quantity and assortment occur

Explanation:

The assortment and quantity of products that the publisher's customers want sometimes may be very different than the assortment and quantity that the companies would be willing to produce in order to lower its costs and increase its profits.

For example, the publisher would save money if it could print 10,000 books, but its clients only buy a few books at a time.

Answer:

option C. It must be equal to 20 utls

Explanation:

Given:

The marginal utility of the last egg = 10 utils

Price of eggs = $1 each

Price of each sausage = $2

Now,

Total Utility is maximized when the combination of goods is

[tex]\frac{\textup{Marginal Utility of egg}}{\textup{Price of egg }}[/tex]= [tex]\frac{\textup{Marginal Utility of Sausage}}{\textup{Price of Sausage }}[/tex]

or

10 ÷ 1 = Marginal Utility of Sausage ÷ 2

or

Marginal Utility of Sausage = 10 × 2 = 20 utls

Hence,

the correct answer is option C. It must be equal to 20 utls

Final answer:

Amanda maximizes her utility by ensuring that the marginal utility per dollar spent on each item she consumes is the same. So, if the marginal utility of the last egg is 10 utils with a $1 price, the marginal utility of the last sausage must be 20 utils, given that each sausage costs $2. Option C

Explanation:

When an individual is said to maximize total utility given their budget constraint, this implies that they should allocate their budget in a way that the marginal utility per dollar spent is equal across all goods they consume. The marginal utility per dollar is calculated by dividing the marginal utility of the last unit consumed by the price of the good.

Given that the marginal utility of the last egg consumed is 10 utils and the price of eggs is $1 each, the marginal utility per dollar spent on eggs is 10 utils per dollar. Amanda consumes sausages that cost $2 each. To maximize utility, the marginal utility per dollar spent on sausages should be equal to that of eggs. Therefore, the marginal utility of the last sausage must be 20 utils (since 20 utils divided by the $2 price of sausages equals 10 utils per dollar, the same as eggs).

Answer:

consortia, a type of strategic alliance

Explanation:

Consortia is a type of strategic alliance which is very similar to joint ventures except that:

Consortia is used by small or medium sized companies to pool financial and managerial resources in order to lower risks.

Answer:

Option (D) is correct.

Explanation:

The federal funds rate refers to a interest rate that is charged from one financial institution by the other financial institution for lending funds which are kept with the federal reserve in the form of excess reserves. It plays a very important in making an impact on the financial and economic conditions of a nation. Fed rate is normally associated with the most creditworthy financial institutions.

Answer: positive reinforcement

Explanation: Reinforcement is explained as actions taken to either reduce or increase a certain behavior.

Positive reinforcement are action taken to increase a behavior either positive or negative behavior.

In the question Susan is positively reinforcing Alexandra's negative lazy attitude.

Answer: The correct answer is "b) extinction punishment".

Explanation: This scenario typically illustrates the reinforcement contingency of extinction punishment.

Because the company in deciding not to reward managers this time, is extinguishing the benefit they had, in the form of punishment for the poor performance of the company.

Answer:

D. positively; +1; negatively; -1

Explanation:

Correlation measures the relationship that exists between two variables.

A variable is perfectly correlated when there's a relationship between the variables; when they move in the same direction. An increase in one variable leads to a corresponding equal increase in the other variable.

A variable is perfectly negatively correlated if the relationship between the two variables is perfectly negative. An increase in one of the variables leads to a corresponding equal decrease in the other variable.

No correlation is when there's no relationship between variables.

We can say price is negatively correlated to quantity demanded but positively correlated to quantity supplied.

Correlations can be depicted in scatter diagrams

In terms of the WACC, market values rather than book values should ideally be used, except for privately owned companies where market values can be unreliable. Early-stage corporate finance involves choosing funding methods based on a company's size and maturity. Bonds and bank loans are similar forms of debt but differ in terms of tradeability and terms.

The ideal use in calculating the Weighted Average Cost of Capital (WACC) is market values rather than book values. This is because market values generally provide a more accurate assessment of the actual cost of capital. Book values do not usually represent the true economic value as they are based on historical costs minus depreciation. Therefore, the correct statements in the question are:

Addressing the self-check questions on early-stage corporate finance:

From a firm's point of view, a bond is similar to a bank loan in that both represent debt and require regular interest payments. However, bonds often have longer terms and can be traded on the secondary market, unlike traditional bank loans.

Regarding the calculation of home equity:

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Answer:

Express Warranty

Explanation:

Express Warranty -

It is a type of agreement by the seller in order to provide the replacement or repair the product , any service or component ,which is faulty , with in a given period of time frame , is known as express warranty .

The consumer gets the guarantee about the goods or service and feel secure about the purchase .

Hence , from the question , the term according to the given statement of the question is express warranty .

Answer:

Explanation:

The journal entry is shown below:

Cash A/c Dr $1,100

        To Interest revenue $100

        To Note receivable $1,000

(Being cash received in respect of note receivable, interest accrual is recorded)

The computation of accrued interest is shown below:

= Principal × rate of interest × number of months ÷ (total number of months in a year)  

= 1,000 × 10%

= $100

Answer:

The answer is c. remains constant in total with changes in the level of activity.

Explanation:

In a cost structure of a firm, for decision-making purpose, it is usually divided into fixed cost and variable cost.

Variable cost is the type of costs which will increase following an additional production of an extra unit of product/service, that is, level of activity has been risen up given the production is taken place. A good example of these cost are material cost, labeling cost.

Fixed cost, as it name may tell, is costs that are unchanged regardless of a firm's activities level. That is, regardless of how many product/service is produced, these costs remain the same. A good example of these cost are depreciation cost, rental cost.