Answer:
7%
Explanation:
Since in the question, it is mentioned that the interest-bearing note is received on February 22, 2016, and on that date, the prevailing rate of interest for a note is 7%.
So, the same rate of interest is applied for the years ended December 31, 2016, and 2017 irrespective of the fact whatever rates are given in the question
All other information which is given is not relevant. Hence, ignored it.
quizlit A $1,000 bond quote in the business press reports Coupon (%) of 3.45, Maturity of 2024, Current ($) of 1,012.90 and Yield (%) of 3.29. Which of the following is true regarding this bond?
a) When the bond matures in 2024, the issuer will pay $1,000 plus any interest owed.
b) The bond sold at a discount because the stated rate is greater than the market rate of interest.
c) The bond sold for $1,000 on that day.
d) The investor who purchased the bond at the current price will earn a return of 3.29%
e) The bond sold at a premium because the stated rate is greater than the market rate of interest.
f) When the bond matures in 2024, the issuer will pay $949.20 plus any interest owed.
g) The bond sold for $1,012.90 on that day.v
Answer:
A) when a bond matures, the company must pay the face of the bond plus any interest due.
D) since the market rate is 3.29%, that is the interest that the investor will receive from the bond
E) when a bond is sold at a higher price than face value ($1,0112.90 > $1,000), it is sold at a premium
G) the bond's price for that specific day was $1,012.90
In early 2008, it appeared that the U.S. economy was either in a recession or growing very slowly. President Bush announced a program of tax rebates. This program can be described as and was intended to_________a.discretionary fiscal policy; increase government spending.b.discretionary fiscal policy; decrease government spending.c.discretionary fiscal policy; increase consumer spending.d.an automatic stabilizer; increase consumer spending.e.an automatic stabilizer; increase government spending.
Answer:
C. Discretionary fiscal policy and meant to increase consumer spending.
Explanation:
Discretionary fiscal policy is basically the tax rebates that changes the expansion or shrink the economy as needed.
Bryan tells his friend Jane, "I don't think it's fair that you don't have a cell phone and the rest of our friends do. In consideration of that unfairness, I will pay you $400 for you to buy a new phone." This contract is:____________
Answer: unenforceable, because it is not a bargained-for exchange.
Explanation: In simple words, an agreement will be considered as a contract only when there is a bargain of exchange. Bargain of exchange refers to the provision in which both the parties involved in a contract promises to perform an activity in exchange for one another.
In the given case, there is only one party performing something for the other. Hence it is not a contract and thus not enforceable.
In a fixed-order-quantity system, when demand is uncertain, using economic order quantity (EOQ) based only on the average demand will result in a low probability of a stockout. True or False?
Answer:
False
Explanation:
If the demand is uncertain, if you use average demand to calculate the economic order quantity (EOQ), you will have a high probability of a stock-out occurring.
EOQ = √(2DS / H)
where:
D = annual demand in units
S = order cost per purchase order
H = holding cost per unit, per year
If D is uncertain, then the whole calculus will either be understated or overstated.
5.3 Fraud is gaining an unfair advantage over another person. Legally, for an act to be fraudulent there must be:
A. An intent to deceive.
B. Unfairness.
C. An exchange of monetary consideration.
D. All of these are correct.
Answer: All listed options are correct.
Explanation: Fraud simply means to cheat someone, by presenting a wrong representation of something to the defrauded person.
For fraud to take place it is properly planned with an intent to deceive the target victim, gain an unfair advantage over the victim.
In most cases of fraud there is a monetary exchange between the victim of fraud and the person planning the fraud.
Suppose transactions costs for a product are zero and the product can be resold. Why might the firms that sell a product charge different prices? Firms might charge different prices for the same product even when transactions costs are zero and the product can be resold if the
Answer: The correct answer is "firms offer different levels of service".
Explanation: Firms might charge different prices for the same product even when transactions costs are zero and the product can be resold if the firms offer different levels of service. Because depending on the level and quality of the service offered they may charge a higher or lower price.
How would Skaters World, Inc.'s return on equity (ROE) be different if the company were to issue $200,000 of 10% bonds instead of $200,000 in stock? Assume income before interest and taxes is estimated to be $100,000, income taxes are 35% and stockholders' equity is initially $300,000.
a. ROE would be the same.
b. ROE would be higher with bonds.
c. ROE would be lower with bonds.
Answer:
B) ROE would be higher with bonds.
Explanation:
If the company issued $200,000 bonds with 10% interest rate, the return on equity (ROE) would be:
EBIT = $100,000
interests = ($20,000)
net income = (ebit - interest) x (1 - 35%) = ($100,000 - $20,000) x 65% = $80,000 x 65% = $52,000
ROE = $52,000 / $300,000 = 17.3%
If the company issued $200,000 in new stocks, the return on equity (ROE) would be:
EBIT = $100,000
net income = ebit x (1 - 35%) = $100,000 x 65% = $65,000
ROE = $65,000 / $500,000 = 13%
According to House's path-goal theory, behaviors such as setting goals, assigning tasks, showing subordinates how to complete tasks, and taking concrete steps to improve performance are _____ behaviors.A.achievement-orientedB.participativeC.supportiveD.directiveE.positional
Answer: (D) Directive
Explanation:
The directive behavior is one of the leadership behavior which are characterized by ensuring the subordinates are clearly understand all the rules and setting the main and clear objective.
The directive behavior are important as it improve the performance and also setting the task and goals to each subordinate.
In the given situation, the theory of housing oath goals setting the goals and also showing the subordinate how they can complete the task more effectively and efficiency so this is known as directive behavior.
Therefore, Option (D) is correct.
Can there be constant returns to scale in an industry with an upward-sloping supply curve?
Explain. Constant returns to scale with an upward-sloping long-run industry supply curve
A. are possible because proportional increases in inputs yielding the same proportional increase in output may induce higher input prices.
B. are possible because proportional increases in inputs yielding greater thangreater than proportional increases in output may induce higher input prices.
C. are not possible because proportional increases in inputs will only yield the same proportional increase in output if input prices remain constantinput prices remain constant.
D. are possible because proportional increases in inputs yielding the same proportional increase in output may induce lower input prices.
E. are not possible because proportional increases in inputs yielding the same proportional increase in output will induce lower input prices.
Answer:
A) are possible because proportional increases in inputs yielding the same proportional increase in output may induce higher input prices.
Explanation:
Constant returns to scale mean that any proportional increase in inputs will result in an equally proportional increase in outputs.
The price of inputs might also rise because their supply curves are also upward sloping. This would result in an increasing cost industry, that will have an upward sloping long run supply curve.
So an industry can have constant returns to scale and upward sloping supply curve.
Which of the following is the federal agency charged with protecting consumers from "unreasonable risks of injury and death" from products such as toys, lawn mowers, washing machines, bicycles, fireworks, pools, portable heaters, and household chemicals?A.The Consumer Product Safety CommissionB.The Consumer Goods Commerce AgencyC.The Consumer Financial Protection BureauD.The Federal Trade Commission
Answer:
The correct answer is option A.
Explanation:
The consumer product safety commission is an independent agency of the US government. It works to promote the safety of consumer products. It addresses the unreasonable risk of injury and develops uniform safety standards.
This agency was founded in the year 1972 by the consumer product safety act. It basically protects the public from the products that can be dangerous, for instance, lawnmowers, washing machines, etc.
You've been asked to prepare a T-bone steak. Which primal beef cut are you most likely to select? A. Top round B. Short loin C. Eye round D. Top sirloin
The Short loin is the primal beef cut from which a T-bone steak is derived. It is chosen for its combination of top loin and tenderloin steak, offering a tender and flavorful meal. Other cuts like top round are leaner options but not applicable for a T-bone. Hence the correct answer is D.
When preparing a T-bone steak, you will most likely select the primal beef cut from the Short loin. This is because the T-bone steak is a cut that features both a strip of top loin (similar to New York Strip) and a portion of tenderloin steak (filet mignon), with a T-shaped bone in between. It's a premium cut known for being particularly tender and flavorful.
Other beef cuts such as the top round, eye round, and top sirloin are considered lean meats. While these are also quality cuts of beef, they are not where T-bone steaks are obtained. As part of good nutritional practice, choosing cuts of meat that are lower in fat is recommended, and visible fat should be trimmed. Furthermore, portion control is essential, with a general guideline that three ounces of meat or poultry is approximately the size of a deck of cards.
Brianna, a salesperson for Cosmetics Corporation, learns that Cosmetics will increase the dividend it pays to shareholders. Brianna buys 10,000 shares of Cosmetics stock. When the price increases, Brianna sells the shares for a profit. If Brianna is liable for insider trading, it is because she:__________
Answer: traded on material non public information
Explanation: Material non public information refers to the information that is not made available to the general public by the firm and can influence the decision making of a general investor regrading buying or selling of the stock.
Insider trading refers to the practice in which the top level employees of an organisation trade the stock of the company on the basis of the information they possess that are not made available to the public yet.
Hence we can conclude that Brianna is liable for insider trading as she had the inside information that the dividends of the company are gonna increase.
The Coalition of Independent Music Stores, a group of 44 prominent independent record stores in 25 states, operates as a way for these stores to strengthen themselves with tactics such as cooperative advertising. This form of ownership is known asA. an administered system.B. a vertically integrated chain.C. a corporate system.D. a cooperative system.E. a contractual system.
Answer:
E. A contractual system.
Explanation:
A contractual system is basically are where firms at all kind of levels working together in production and distribution to achieve even greater than they would on their own.
Crane Company incurs these expenditures in purchasing a truck: cash price $23,030, accident insurance (during use) $1,690, sales taxes $1,380, motor vehicle license $670, and painting and lettering $2,140.What is the cost of the truck?
Answer:
Cost of truck = 27,220
Explanation:
The Cost of the Truck is Calculated as Follows
$
Cost Price 23,030
Accident Insurance(
its a revenue expenditure
as it will reoccur after 1 year) -
Sales Tax
( One time Cost Capital expenditure) 1,380
Motor Vehicle License
( One time Cost Capital Expenditure) 670
Painting and Lettering
( Capital Expenditure ) 2,140
Cost of truck 27,220
_____ involves determining the specific job tasks and responsibilities, the work environment, and the methods by which the tasks will be carried out to meet the goals of operations.
a. Job enlargement
b. Job enrichment
c. Job design
d. Job posting
Answer:
c. Job design
Explanation:
Job design refers to establishing tasks, responsabilities and procedures that are necessary in order to perform a specific job. Also, job design has a goal of organizing the work in a way that it encourages employees satisfaction so they have a good performance that will help to accomplish the objectives set by the company. So, according to this, the answer is job design.
Mr. Smith put his laptop up for sale. He is aware of the fact that the laptop malfunctions frequently. However, none of the potential customers who came to buy the laptop were able to discover the problem and one of them actually bought it at a remunerative price. This occurred due to ________.
a) the selective retention of information by sellers the presence of positive
b) externalities the presence of negative
c) externalities the presence of asymmetric information
Answer: The presence of asymmetric information
Explanation: In simple words, asymmetric information refers to the situation when one party to a contract have extra information regarding a subject than the other party of the contract.
Asymmetric information creates the potential of misconduct from the leading party as they can easily cheat the other party by concealing that important information.
In the given case, Mr. Smith was aware that his laptop is not working properly but still he sold its to a customer who was not aware of it. Thus, we can conclude that the correct option is C.
When individuals use their home computers to buy and sell stock that is not listed on a securities exchange, they are participating in the , which has existed since long before home computers were invented.
Answer:
Over the counter market
quizlit Businesses finance their operations using a mixture of ______. debt, such as issuing bonds, and equity, such as issuing stock interest and dividends capital investments, such as issuing stock and equity, such as issuing bonds debt, such as issuing stock, and borrowings, such as issuing bonds
Answer:
The correct answer is debt, such as issuing bonds, and equity, such as issuing stock.
Explanation:
Any of the capitals mentioned in each company has an exact measure, its deficit or excess are difficult situations that make the difference between losing or successful companies. Although when talking about financial resources, the desired situation is that they exceed the needs of the company, it is also true that if they exceed prudent levels, they fail to comply with a primary mandate of the business world: profitability, generate maximum profits with the least amount possible of assets or capital.
The sources of financing can be internal or external and at the same time have a link in the form of capital contributions or in the form of debt. Inmates refer to the ability to generate retained earnings and / or cash flows that can be reinvested in growth processes. In many cases the internal cash generation does not run at the same speed of the growth processes, this happens when the surpluses only partially cover what is required to leverage the expansion. In these cases, internal sources via capital are considered. On the other hand, the company can also resort to internal sources via labor liabilities or through provisions, which have a behavior by debt modality.
At the end of a period (before adjustment), Allowance for Doubtful Accounts has a credit balance of $250. The net credit sales for the period total $500,000. If the company estimates uncollectible accounts expense at 1% of net credit sales, the amount of bad debt expense to be recorded in an adjusting entry is $4,750.
Answer:
Bad debt expense is $5,000 and not $4,750. So, Statement is false.
Explanation:
As per calculation of bad debt expense based on percentage of sales method, bad debt expense recognized is the percentage of credit sales irrespective of any balance in allowance for doubtful account.
Balance in allowance for doubtful debt is not considered at all.
In this case, credit sales = $500,000
Estimation of uncollectible account = 1%
Bad debt expense = 0.01× 500,000
= $5,000
Adjusting entry to record bad debt expense is:
Bad debt expense......................Dr $5,000
Allowance for doubtful debt $5,000
(Bad debt expense recognized)
New balance in allowance for doubtful account = 5,000 + 250
= $5,250
You are part of an information systems project team. your job is to ensure that the technology and vendor suggested for use in the project are consistent with the is strategy. your role in the project steering team is _____.a. project championb. project sponsorc. is managerd. project manager
Answer:
The correct answer is (c)
Explanation:
Information systems manager (IS Manager) represent data innovation in an association, regulating a group of IT experts. The job incorporates data frameworks arranging, establishment, and support, including equipment and programming overhauls. IS directors may concentrate on a particular issue, for example, arrange security or Internet administrations, or they may organise all innovation tasks
Final answer:
In an information systems project team, ensuring alignment of technology and vendors with IS strategy is typically the job of an IS Manager, not a project manager, sponsor, or champion.
Explanation:
Your role in an information systems project team with a focus on ensuring that the technology and vendor selected aligns with the IS strategy is typically that of a IS Manager. This position is not necessarily responsible for managing the entire project or championing it, nor are they the sponsor providing the funds or resources. Instead, the role involves strategic oversight regarding the technology's fit with company goals and strategic planning around information systems.
Gretchen has just started as a fashion marketing intern for an up-and-coming design firm. She expected to begin right away implementing the four Ps she had learned about in class. Instead, she was asked to work on a project identifying important events where celebrities might wear the fashions. Gretchen soon realized that this activity was part of __________, directly related to marketing.
Select one:
a. a push-pull strategy
b. press release development
c. cause-related marketing
d. sales promotions
e. public relations
Answer: (E) Public relations
Explanation:
The public relation is one of the important function in the business and marketing as for generating the positive response and the awareness about the various type of products, business and the services.
It is basically refers to the practices for managing the communication between the public and the organization. The public relation is the process of building the specific platform for achieving the goals.
Therefore, Public relation is the correct option.
A major international corporation has steadily bought up all of a certain resource so they control it. Because they have done this, they are the only corporation manufacturing and marketing the finished product. _________ is occurring.
Answer: Monopoly
Explanation: In simple words, monopoly refers to a market structure in which there is only one participant in the market that is offering that particular product or service.
Generally, such kind of market structure arises due to patent rights or some innovation etc. Although there is only one participant in such structures, it can not over price it commodities as the law of demand applies to such structure also.
Hence from the above we can conclude that a monopoly is occurring in such a structure.
If the Canadian dollar to U.S. dollar exchange rate is 1.21 and the British pound to U.S. dollar exchange rate is 0.68, what must be the Canadian dollar to British pound exchange rate?
Answer:
Canadian Dollar/US dollar= 1.21
British Pound to US dollar = 0.68
Canadian Dollar to British pound =?
In order to find Canadian dollar to British pound we will have to multiply Canadian Dollar/US dollar with US Dollar to British pound this way US dollar will cancel each other out as one will be in the numerator and one in the denominator and then Canadian dollar will be in numerator and British pound will be in the denominator and we will get Canadian dollar/ British Pound. We know the Canadian Dollar/ US dollar rate but we need to find the US dollar to British Pound rate and in order to do that we will divide 1 by the British Pound to US dollar rate. So
US Dollar to British Pound rate = 1/0.68 = 1.47
Canadian Dollar/British Pound = Canadian Dollar/US Dollar * US Dollar/ British Pound
Canadian Dollar to British Pound = 1.21*1.47= 1.78
Explanation:
The Canadian dollar to British pound exchange rate is 0.8232, obtained by multiplying the given exchange rates. This represents how much one unit of a currency can be exchanged for another.
Explanation:The question asked was: "If the Canadian dollar to U.S. dollar exchange rate is 1.21 and the British pound to U.S. dollar exchange rate is 0.68, what must be the Canadian dollar to British pound exchange rate?"
This question involves the principle of currency exchange rates. To find the exchange rate from the Canadian dollar to the British pound, we use these exchange rates to relate the Canadian dollar to the U.S. dollar and then the U.S. dollar to the British pound.
Step 1: 1 Canadian dollar = 1.21 U.S. dollars (from given)
Step 2: 1 U.S. dollar = 0.68 British pounds (from given)
Step 3: Multiply these exchange rates (as one would do in unit conversions) and cancel the U.S. dollar units.
So, 1 Canadian dollar = 1.21 * 0.68 British pounds = 0.8232 British pounds.
Hence, the Canadian dollar to British pound exchange rate is 0.8232, meaning 1 Canadian dollar can buy 0.8232 British pounds.
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Which of the following is excluded from calculations of GDP?
A) All of the above.
B) Goods that are produced but not sold during the time period.
C) Income received by managers of corporations.
D) The value of laundry services provided by a homemaker for their family.
Answer: All of the above.
Explanation: None of the listed options would be included when calculating the gross domestic product of a country. This is so because gross domestic product only calculates the total value of commodities/services produced by a country during a fixed time frame.
Consider the following story:Diversifun, Inc., an insurance company, recently decided to offer boat insurance. Diversifun was concerned that the most likely boat insurance customers would be the least competent, highest-risk boat captains, because they stand to benefit most from boat insurance coverage. Since Diversifun cannot distinguish perfectly between high-risk and low-risk skippers, it decided to set its boat-insurance premiums a bit higher to account for the foolhardy sea captains.The economic problem in this story is known as________________.A) Adverse selectionB) SignalingC) Moral hazardD) Screening
Answer:
correct option is A) Adverse selection
Explanation:
to find out
the economic problem in the story
A) Adverse selection B) Signaling C) Moral hazard D) Screening
solution
Diversifun boat insurance so here in economic problem story is Adverse selectionadverse selection is the tendency of those in the risky job or the high risk lifestyles to get life insuranceIt is the situation where sellers has information that buyers do not about some aspect of product quality ( and the vice versa)so here correct option is A) Adverse selection
Innovative Products reported net income of $222,000. Beginning and ending inventory balances were $45,000 and $46,000, respectively. Accounts Payable balances at the beginning and end of the year were $38,500 and $35,500, respectively. Assuming that all relevant information has been presented, the company would report net operating cash flows of:
Answer:
net operating cash flows = $218000
Explanation:
given data
net income = $222,000
Beginning inventory = $45,000
ending inventory = $46,000
Beginning Accounts payable = $38,500
ending Accounts payable = $35,500
to find out
net operating cash flows
solution
first we get here Increase in Inventory that is
Increase Inventory = ending inventory - Beginning inventory .......................1
put here value
Increase Inventory = $46,000 - $45,000
Increase Inventory = $1000
and
Decrease in Accounts payable will be here as
Decrease in Accounts payable = Beginning Accounts payable - ending Accounts payable ........................2
put here value we get
Decrease in Accounts payable = $38,500 - $35,500
Decrease in Accounts payable = $3000
so net operating cash flows will be
net operating cash flows = Net Income - Increase Inventory - Decrease in Accounts payable .......................3
put here value
net operating cash flows = $222,000 - $1000 - $3000
net operating cash flows = $218000
Martha used a SWOT analysis to assess her own internal business plan. Her store would cater to students who could also use the location to study and socialize. This unique aspect of her shop represents which element of the SWOT analysis?
The unique aspect of Martha's shop that caters to students who can use the location to study and socialize is an Opportunity in SWOT analysis. Opportunities are part of the external factors in a SWOT assessment, in this case the opportunity is linked to a specific target audience.
Explanation:Martha's unique aspect of her shop catering to students who could also use the location to study and socialize represents the Opportunities element of the SWOT analysis. SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. Strengths and Weaknesses generally refer to internal factors, while Opportunities and Threats refer to external factors. In this context, the opportunity is the specific niche of students who would value a place to study and socialize alongside shopping.
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The unique aspect of Martha's shop represents the opportunity element of the SWOT analysis.
Explanation:The unique aspect of Martha's shop, where students can study and socialize, represents the opportunity element of the SWOT analysis. Opportunities are external factors that can contribute to the success of a business. In this case, the opportunity lies in catering to the needs of students by providing a location that fulfills their studying and socializing needs.
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A person wants to invest $24,000 for 2 years and is considering two different investments. The first investment, a money market fund, pays a guaranteed 6.7% interest compounded daily. The second investment, a treasury note, pays 6.8% annual interest. Which investment pays the most interest over the 2-year period?
Answer:
The first investment in money market fund.
Explanation:
The first investment, a money market fund, pays a guaranteed 6.7% interest compounded;
Compound Interest Calculation
=[tex]P [(1 + i)^{2} -1][/tex]
=[tex]24000 [(1 + 0.067)^{2} -1][/tex]
=$27,323.74 - $24,000
=$3,323.74
The person will get a total interest of $3,323.74 in 2 years
The second investment, a treasury note, pays 6.8% annual interest
=$24,000 * (6.8/100) = $1,632
= $1,632 * 2 = $3,264
The person will get a total interest of $3,264 in 2 years
With the above computations. It will be favourable if the person invested in the money market fund.
Which diversification strategy is based on the idea that the company creates value by applying the distinctive competencies it developed in one line of business to another business activity?
Answer:
Related diversification
Explanation:
Related diversification
As the name indicate related diversification is related to expansion of business in the same field to which it is currently working. This can be explained by one example. If any corporation are in a business of making computer parts and the very same corporation expand their business by making related articles like calculator, smart watch etc. These all are come in the related diversification.
Yesterday, the president of RB Enterprises received a phone call from DLK, a competitor. DLK is a sole proprietorship. An unexpected family situation has caused the owner to suddenly want to retire and relocate closer to his family. Thus, the assets of DLK are being offered to RB Enterprises at a bargain basement price. While RB Enterprises had not anticipated purchasing these assets, it was decided that the opportunity was too good to pass up. This illustrates which of the following needs to hold cash?
A. precautionary
B. transaction
C. speculative
D. compensation
E. float
Answer:
Speculative
Explanation:
Investors/ traders normally use this tactic to hold cash so as to make the best use of any investment opportunity that may come up
Keeping all money invested doesn't always provide the best solution all the time. Maintaining some amount of liquidity in one's portfolio is one of the top priorities for an investor. Generally, investors keep a fair amount of such cash with them so as to earn higher profits.
.In such a situation as RB enterprises was put in , the cash kept aside by the them equips him to exploit such an attractive investment opportunity. This is known as speculative motive.