Answer:
Accept
Explanation:
When the importance of the cost of a project outweighs that of the completion time, such completion date is known as Accepted.
In project management, Scott's completion date would be classified as a constraint. Time, cost, and scope are common project constraints, and in this case, cost takes priority over time, making it the primary constraint.
Explanation:In the context of project management, which is the scenario for Scott, the completion date he has been given is best classified as a constraint. A project constraint is essentially a factor that can limit the options of the project team and impact the final outcome of the project. Time, cost, and scope are the three most common project constraints, often depicted as a triangle where one side cannot be changed without impacting the others. In Scott's case, the date of completion is flexible to meet cost targets, meaning the cost is the more significant or primary constraint, as stated by the top management.
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Client response: "I think I see what you're saying. There is a big incongruity there. I want to stop, but I was abused and hit by my parents. I think I'm doing better than they did — at least I don't strike Amie. But perhaps I can do something different next week. I'll try your new idea about disciplining her." This client is where on the CCS?
Answer:
d. Development of new constructs, patterns, or behaviors
Explanation:
The available multiple choice response for the question is as below:
a. Partial examination
b. Full examination, no change
c. Decision to live with incongruity
d. Development of new constructs, patterns, or behaviors
Further explanation:
The stages of Client Change Scale (CCS) are 1 - denial, 2 - Partial Examination, 3 - Full Examination, 4 - Decides to Live with Incongruity, 5 - Decides change from incongurity 6 - Development of new constructs, patterns, or behaviors.
So when the client realized that there is a big incongruity and decides that henceforth, they will try something different the following week in their method of disciplining Amie, the client is therefore at the stage of development of new constructs, patterns, or behaviors.
The client is on the Contemplation stage of behavior change, considering making a change but facing challenges due to past experiences with abuse.
This client is on the Contemplation stage of the Transtheoretical Model (TTM) of behavior change. In this stage, individuals are aware of the problem and are considering making a change, but they may still have mixed feelings or uncertainties about taking action. This is reflected in the client's response, as they acknowledge the need for change but also express challenges related to their past experiences with abuse.
The client's willingness to try a new idea about disciplining their child indicates a readiness to take action, which is a positive step towards behavior change. It is important to provide support and resources to help the client in their journey towards healthier discipline practices and breaking the cycle of abuse.
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Entitlement culture is the idea that __________________________. a. basic salaries are extra pay for sales performance rather than deferred bonuses b. basic salaries are deferred bonuses rather than extra pay for extra sales performance c. bonuses are extra pay for sales performance rather than deferred salary d. bonuses are deferred salary rather than extra pay for extra sales performance
Answer:
The correct answer is letter "D": bonuses are deferred salary rather than extra pay for extra sales performance.
Explanation:
In the corporate world, entitlement culture refers to the workers' beliefs that they deserve a series of privileges. This tends to happen during growth periods. Employees assume that the optimal situation of the firm has to do with their performances then, the organization owes them.
An idea that is commonly spread under such a scenario is that bonuses and commissions are deferred salaries and not extra payment for outstanding performance.
The Fox TV network is considering replacing one of its prime-time crime investigation shows with a new family-oriented comedy show. Before a final decision is made, network executives commission a sample of 400 viewers. After viewing the comedy, 250 indicated they would watch the new show and suggested it replace the crime investigation show a. Estimate the value of the population proportion.b. Develop a 99 percent confidence interval for the population proportion.c. Interpret your findings.
Answer:
a. 0.625
b. [tex]0.5625\leq p\leq 0.6875[/tex]
Explanation:
The estimate value of the population proportion p' is calculated using the data from the sample, so it is equal to:
[tex]p'=\frac{250}{400} =0.625[/tex]
Because the sample have 400 viewers and 250 indicated that they would watch the new show and suggested.
It mean that 0.625 is an estimation of the population proportion.
On the other hand, the confidence interval for the population proportion p is calculated as:
[tex]p'-z_{\alpha /2}\sqrt{\frac{p'(1-p')}{n} } \leq p\leq p'+z_{\alpha /2}\sqrt{\frac{p'(1-p')}{n} }[/tex]
Where [tex]p'[/tex] is the sample proportion, [tex]1-\alpha[/tex] is the confidence level, and n is the size of the sample.
Now, we need to replace p' by 0.625, n by 400 and [tex]1-\alpha[/tex] by 0.99.
If [tex]1-\alpha[/tex] is equal to 0.99, [tex]\alpha[/tex] is equal to 0.01 and, using the standard normal distribution table, [tex]z_{\alpha /2}[/tex] is equal to: [tex]z_{\alpha /2}=z_{0.005}=2.58[/tex]
Then, the 99 percent confidence interval for the population proportion is calculated as:
[tex]0.625-(2.58)\sqrt{\frac{0.625(1-0.625)}{400} } \leq p\leq 0.625+(2.58)\sqrt{\frac{0.625(1-0.625)}{400} }\\0.625-0.0625\leq p\leq 0.625+0.0625\\0.5625\leq p\leq 0.6875[/tex]
It means that with a 99% of confidence level, the value of population proportion of people that would watch the new show and suggested is between 0.5625 and 0.6875
Harrison Holdings, Inc. (HHI) is publicly traded, with a current share price of $ 30 per share. HHI has 25 million shares outstanding, as well as $ 66 million in debt. The founder of HHI, Harry Harrison, made his fortune in the fast food business. He sold off part of his fast food empire, and purchased a professional hockey team. HHI's only assets are the hockey team, together with 50 % of the outstanding shares of Harry's Hotdogs restaurant chain. Harry's Hotdogs (HDG) has a market capitalization of $ 843 million, and an enterprise value of $ 1.09 billion. After a little research, you find that the average asset beta of other fast food restaurant chains is 0.74. You also find that the debt of HHI and HDG is highly rated, and so you decide to estimate the beta of both firms' debt as zero. Finally, you do a regression analysis on HHI's historical stock returns in comparison to the S&P 500, and estimate an equity beta of 1.36. Given this information, estimate the beta of HHI's investment in the hockey team.
Euity qBeta of Hotdog = 0.9
Answer:
Nos of Equity Share = 25 Million
Current Share Price 30
HHI Equity=25 × 30 = 750
HHI Debt = 66 Million
Beta of Equity of HHI = 1.36
Beta of debt of HHI = 0
HHI Assets Beta = Equity Beta × Equity/(Equity + debt) + Debt
Beta + Debt/(Equity + debt)
= 1.21
Holdings of hotdogs = 843/2= 421.5
Therefore Value of Hockey Team = (750 + 64) - 421.5= 392.5
Hotdog Equity beta = (843/1090) × Equity beta + (247/1090) × 0 = 0.74
Hotdog Equity beta = 0.96
HHI Assets Beta = 1.21
(421.5/(421.5 + 392.5)) 0.96 + (392.5/(421.5 + 392.5)) × Beta of Hockey team = 1.21
0.4971 + 0.4822 × Beta of Hockey team = 1.21
after solving Beta of Hockey team = 1.48
On January 10, 2017, Perez Co. sold merchandise on account to Robertsen Co. for $24,600, n/30. On February 9, Robertsen Co. gave Perez Co. a 11% promissory note in settlement of this account.Prepare the journal entry to record the sale and the settlement of the account receivable.
Answer:
Two entries are made one for sale and the other for the promissory note.
Perez Co
Date Particulars Debit Credit
January 10, 2017 Accounts Receivable $24,600, Dr
Merchandise $24,600,Cr
Sale of merchandise on account to Robertsen Co. for $24,600, n/30.
February 9, Notes Receivable $ 24600 Dr
Accounts Receivable $24,600 Cr
Robertsen Co. gave Perez Co. a 11% promissory note in settlement of this account.
As this note is given within the 30 days no cash has been paid in settlement of the accounts receivable. If any cash had been paid the entry would have been different.
An antique cabinet is being sold by means of an English auction. There are four bidders, Gloria, Elise, Judy, and Arabella. These bidders are unacquainted with each other and do not collude. Gloria values the cabinet at $800, Elise values it at $500, Judy values it at $1,800, and Arabella values it at $600. If the bidders bid in their rational self-interest, the cabinet will be sold to ______ at price ______.
Answer and Explanation:
The English auction is a unique process of selling items, under which the auction starts at a low price and goes up to the maximum price and the item is sold to the highest bidder.
In this situation, Judi makes the highest bid which is worth $1,800, therefore, the cabinet will be sold to Judi at price $1,800 .
The antique cabinet will be sold to Judy, who values it the most at $1,800, for just above the second-highest valuation of $800 (Gloria's valuation), likely at $801 assuming a $1 minimum bid increment.
In an English auction, each bidder bids the maximum amount they value the item, which is based on their private value, and they bid in increments until they reach their maximum value. In this scenario, Judy values the antique cabinet the most at $1,800, followed by Gloria at $800, Arabella at $600, and Elise at $500. Therefore, following the logic of an English auction where each bidder knows their own valuation and bids up to that amount without colluding, Judy should win the auction.
Now, because there is no collusion and each bidder is acting in their rational self-interest, when Gloria, who has the second-highest valuation, drops out of the bidding at $800, Judy will only need to bid one increment higher to win the cabinet. Thus, the cabinet will be sold to Judy at a price just above Gloria's maximum bid, which would be $801 if we assume a minimum increment of $1 in this auction. However, many auctions operate with larger increments, so the exact selling price can vary slightly depending on the rules of the auction.
It's important to note that in a real-world setting, the dynamics of an auction can lead to different bid increments and potentially different outcomes based on bidder behaviour, auction rules, and the strategies employed by the bidders.
Roman Company is preparing its cash budget for the upcoming month. The budgeted beginning cash balance is expected to be $37,000. Budgeted cash receipts are $101,000, while budgeted cash disbursements are $129,000. Roman Company wants to have an ending cash balance of $40,000. How much would Roman Company need to borrow to achieve its desired ending cash balance?
Answer:
Roman Company need to borrow of $31,000 to achieve its desired ending cash balance.
Explanation:
In Roman Company:
Budgeted Ending cash balance = Budgeted Beginning cash balance + Budgeted cash receipts - Budgeted cash disbursements = $37,000 + $101,000 - $129,000 = $9,000
Roman Company wants to have an ending cash balance of $40,000,
The company need to borrow: $40,000 - $9,000 = $31,000 to achieve its desired ending cash balance.
Franklin Corporation is comparing two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, the company would have 170,000 shares of stock outstanding. Under Plan II, there would be 120,000 shares of stock outstanding and $2.21 million in debt outstanding. The interest rate on the debt is 7 percent and there are no taxes.
If EBIT is $450,000, what is the EPS for each plan?
Answer:
The answer is given below;
Explanation:
Plan II EPS=Net Income/Weighted Average shares outstanding
=$450,000-(2,210,000*7%)/120,000=$2.46
Plan I =$450,000/170,000=$2.64
Earning per share for plan A and plan B is $2.65 and $2.46
Computation table:
Plan A(Equity) Plan B(Levered plan)
EBIT $450,000 $450,000
Less: Interest $154,700
Net income $450,000 $295,300
No. of out share 170,000 120,000
Earning per share $2.65 $2.46
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U.S. Bancorp holds a press conference to announce a positive news event that was unexpected to the market. As soon as the announcement is made, the stock price increases $8 per share but then over the next hour the price continues to increase resulting in a total increase of $11.
1. Given this information which of the following statements is correct?
A. This is an example of a market overreaction.
B. This is an example of a market underreaction.
C. This is an example of a semi-strong efficient market.
D. None of these statements is correct.
Answer:
The correct answer is B. This is an example of a market underreaction.
Explanation:
The term undervalued refers to the state an asset is in when studying its valuation or listing and observing that it is below what could be considered its real or fair value. In the case of stocks, this phenomenon is experienced when earnings are not expected and therefore the generation of benefits is negatively impacted, taking into account that securities have prices determined by factors such as earnings, benefits and other factors. external social.
Final answer:
The correct statement is C, this is an example of a semi-strong efficient market. The stock price reflected the unexpected positive news quickly, indicating that newly available public information is rapidly incorporated into stock prices, characteristic of market efficiency. The correct option is c.
Explanation:
If U.S. Bancorp holds a press conference to announce unexpected positive news and the stock price immediately increases by $8 per share and continues to rise over the next hour for a total increase of $11, it suggests that the market is incorporating new information into the firm's market price. This situation would be an example of market efficiency, particularly semi-strong efficiency, where publicly available information is quickly reflected in a stock's price.
Traders in large financial firms often make quick moves based on new information, and if the stock continues to rise after the initial jump, it can imply that the initial reaction was not fully reflective of the new information's impact on the firm's profitability, hence the additional increase.
However, the answer to the student's question is C. This is an example of a semi-strong efficient market, meaning the market efficiently incorporates public information into stock prices, with some traders potentially profiting from acting swiftly on such information.
The early majority group A. tends to have the greatest contact with salespeople. B. tends to cling to the status quo and think it's the safe way. C. prefers to do things the way they have been done in the past and are very suspicious of new ideas. D. tends to avoid risk and waits to consider a new idea after many early adopters have tried it-and liked it. E. can help the promotion effort by spreading word-of-mouth information and advice among other consumers.
Answer
D. tends to avoid risk and waits to consider a new idea after many early adopters have tried it-and liked it.
Explanation:
The concept of the diffusion of innovation suggests the categories of the adopters as the innovators, early adopters, early majority, later majority, and laggards. The diffusion of technology manifests indifferent depending on the type of adoption. The innovator is the broad category of people that have current knowledge of the unit and are the first ones to try out the new products and give their reviews, they take risks and have high social status, have close contact with the scientific sources. The early adopters are the highest degree of the opinion leaders, whereas the early majority are those that adopt the product after varying degrees of time longer than innovators and adopters.Cinnamon Buns Co. (CBC) started 2021 with $61,500 of merchandise on hand. During 2021, $299,000 in merchandise was purchased on account with credit terms of 2/10, n/30. All discounts were taken. Purchases were all made f.o.b. shipping point. CBC paid freight charges of $18,500. Merchandise with an invoice amount of $7,800 was returned for credit. Cost of goods sold for the year was $335,000. CBC uses a perpetual inventory system.
Assuming CBC uses the gross method to record purchases, ending inventory would be:
Answer:
$30,220
Explanation:
Inventory purchased $299,000
Discount (299,000*2%) ($5,980)
Freight Charges $18,500
Inventory returned ($7,800)
Net purchases $303,720
Cost of goods sold=opening inventory+purchases-ending inventory
$335,000=$61,500+$303,720-ending inventory
Ending inventory=61,500+303,720-335,000
Ending inventory=$30,220
Suppose that Billy McGee owns the Internet domain www.ironmaiden.com. Iron Maiden, the legendary British heavy metal band, was given the rights to the name by the World Intellectual Property Organization. Iron Maiden values the domain name at $250,000 and Billy McGee values the domain name at $330,000. The Coase theorem suggests that:
(a) Iron Maiden will buy the domain name from Billy McGee for less than $330,000.(b) Billy McGee will pay Iron Maiden between $250,000 and $330,000 to keep the domain name.(c) Billy McGee will pay Iron Maiden more than $330,000 to keep the domain name.(d) Iron Maiden will take the domain name.
Answer:
B
Explanation:
Coase theorem states that in a situation of conflicting property right . the trading parties should be able to arrive at a mutually benefiting term that should cover the the cost and other underlying value of the property involved.
In the scenario above , for Billy McGee to retain the domain name as the WIPO has already given the right to Iron maiden , he will have to pay iron maiden more than the value to iron maiden and less than the value to him so that the two can mutually benefit from the transaction
The process of recruiting and retaining capable employees is more important during periods of rapid growth than during periods of crisis and attempted turnarounds. is an essential element of developing a distinctive competence. is always an essential ingredient of successful strategy execution. is more important than having a good situational fit between the company's strategy and its external environment. is closely tied to developing strong information capital capabilities.
Answer:
Is always an essential ingredient of successful strategy execution.
Explanation:
The process of recruiting and retaining capable employees is an essential process for a company that wants to achieve its objectives and goals.
Recruiting and retaining employees is a task that must be well planned and performed in an organization, it is necessary to find qualified personnel that meet the company's profile and values and also retain competent employees. The human capital in an organization must be selected and committed to the creation of an organizational culture focused on ethics, values and innovation, essential factors to increase productivity and motivation in the work environment, becoming this then a strategy for organizational excellence in the internal and external environment.
Talent management is crucial for organizational success, involving recruitment, development, and retention of employees. Succession planning and employee development are fundamental aspects is always an essential ingredient of successful strategy execution.
The Significance of Talent Management in Organizations
As human resource professionals, it is essential to recognize talent management as a critical component of organizational success. The recruitment, development, and retention of capable employees are significant factors contributing to a company's competitive advantage. Echoing the sentiment that 'a company is only as good as the people it keeps', effective talent management practices ensure that an organization has the right people in the right positions, capable of driving the company forward and adapting to changes and challenges in the business environment.
Succession planning is a key element of talent management, allowing for continuity and sustainable high performance. Leadership development programs, like those at Starbucks, emphasize the importance of preparing the next generation of management. This proactive approach to preparing leaders is critical in upholding an organization's culture and strategic direction even as transitions in leadership occur.
Coupled with this is the need for ongoing employee development, including training and enhancing job satisfaction. A well-informed and skilled workforce that is aligned with organizational goals can significantly contribute to robust organizational behavior and effective strategy execution, which are crucial during all business phases, be it rapid growth or crisis management.
Question:
The process of recruiting and retaining capable employees is more important during periods of rapid growth than during periods of crisis and attempted turnarounds.
is an essential element of developing a distinctive competence.
is always an essential ingredient of successful strategy execution.
is more important than having a good situational fit between the company's strategy and its external environment.
is closely tied to developing strong information capital capabilities.
MG corporation has a target capital structure of 45 percent common stock, 10 percent preferred stock, and 45 percent debt. Its cost of equity is 17 percent, the cost of preferred stock is 6.5 percent, and the cost of debt is 9 percent (before taxes). The relevant tax rate is 35 percent. What is MGís WACC?
Answer:
The WACC is 10.93%
Explanation:
The WACC or weighted average cost of capital is the cost to firm of its capital structure. The capital structure of the firm consists of debt, preferred stock and common stock. The WACC is calculated by taking the sum of the weighted average cost of each component of the capital structure.
WACC = wD * rD * (1-tax rate) + wP * rP + wE * rE
Where,
w represents the weight of each component as a proportion of total assetsr represents the cost of each componentWe take the after tax cost of debt. So, rD is multiplied by (1-tax rate)WACC = 0.45 * 0.09 * (1-0.35) + 0.1 * 0.065 + 0.45 * 0.17
WACC = 0.109325 or 10.9325% rounded off to 10.93%
Each of Boggart’s production managers (annual salary cost, $45,000) can oversee 60,000 machine hours of manufacturing activity. Thus, if the company has 50,000 hours of manufacturing activity, one manager is needed; for 75,000 hours, two managers are needed; for 125,000 hours, three managers are needed; and so forth. Boggart’s salary cost can best be described as a:
1.variable cost.
2.semivariable cost.
3.step-variable cost.
4.fixed cost.
5.step-fixed cost.
Answer:
5.step-fixed cost.
Explanation:
A fixed cost which does not change up to a certain level of activity and changes is when a level of activity is achieved. This cost increase on specific point and then remains fix and this process may repeat. In this question Salaries of oversee mangers are the step-fixed cost. Because it remained same until the Manufacturing hours goes upto 50,000, increases at this point and then remains same upto 75,000 and so on.
Embassy Club Condominium, located on the west coast of Florida, is undertaking a summer renovation of its main building. The project is scheduled to begin May 1, and a September 1 (17-week) completion date is desired. The condominium manager identified the following renovation activities and their estimated times:
Activity Immediate Predessor Time
A - 3
B - 1
C - 2
D A,B,C 4
E C,D 5
F A 3
G D,F 6
H E 4
a. Draw a project network.
b. What are the critical activities?
c. What activity has the most slack time?
Find the pictures in attachment
Baxter desires to purchase an annuity on January 1, 2019, that yields him five annual cash flows of $19,000 each, with the first cash flow to be received on January 1, 2022. The interest rate is 10% compounded annually. The cost (present value) of the annuity on January 1, 2019, is ________. (Use spreadsheet software or a financial calculator to calculate your answer.
Answer:
$72,025
Explanation:
P=R (1-(1+i)^-n)/i
P=$19,000(1-(1+.1)^-5/.1
P=$72,025
Johnson Enterprises uses a computer to handle its sales invoices. Lately, business has been so good that it takes an extra 3 hours per night, plus every third Saturday, to keep up with the volume of sales invoices. Management is considering updating its computer with a faster model that would eliminate all of the overtime processing.
Current Machine New Machine
Original purchase cost $15,230 $25,080
Accumulated depreciation $ 6,800 _
Estimated annual operating costs $24,950 $19,560
Useful life 5 years 5 years
If sold now, the current machine would have a salvage value of $8,490. If operated for the remainder of its useful life, the current machine would have zero salvage value. The new machine is expected to have zero salvage value after 5 years.
Prepare an incremental analysis. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Retain
Machine Replace
Machine Net Income
Increase
(Decrease)
Operating costs $Johnson Enterprises uses a computer to handle its $Johnson Enterprises uses a computer to handle its $Johnson Enterprises uses a computer to handle its
New machine cost Johnson Enterprises uses a computer to handle its Johnson Enterprises uses a computer to handle its Johnson Enterprises uses a computer to handle its
Salvage value (old) Johnson Enterprises uses a computer to handle its Johnson Enterprises uses a computer to handle its Johnson Enterprises uses a computer to handle its
Total $Johnson Enterprises uses a computer to handle its $Johnson Enterprises uses a computer to handle its $Johnson Enterprises uses a computer to handle its
Should the current machine be replaced?
The current machine should be Johnson Enterprises uses a computer to handle its replacedretained.
Answer:
By the the new machine would incur $6.620 more in costs.
The decision appropriate would be to stick to using the current machine
Explanation:
Incremental analysis for new and old machines
Old Machine New Machine Difference
Purchase cost - $25,080 ($25,080)
Annual operating costs:
($24,950*5)($19,560*5) $124,750 $97,800 $26,950
Salvage value ($8,490) - ($8490)
total costs $116,260 $122,880 ($6,620)
By buying the new machine,Johnson Enterprises would incur $6,620 more in costs,which implies that sticking to the current machine is preferable from an incremental benefit analysis point of view.
Fusion, Inc. introduced a new line of circuits in 2016 that carry a four-year warranty against manufacturer's defects. Based on experience with previous product introductions, warranty costs are expected to approximate 3% of sales. Sales and actual warranty expenditures for the first year of selling the product were:
Actual warrantySales Expenditures$15 million $200,000Does this situation represent a loss contingency? Why or why not? How should it be accounted for?
Answer:
Explanation:
For Fusion inc.
Actual warranty in 2016:
Expenditure = $200,000
Sales = $15,000,000
Warranty provision at 3% of sales = (3/100)*$15,000,000 = $450,000.
Due to the possibility of future liability depending on some future possible events, the situation represents a loss contingency.
Nevertheless, as the amount of liability can be estimated and the liability is probable, the liability needs to be recognized in the financial statements.
Dear Ms. Gonzalez: Although I am disappointed to hear that you have selected another candidate for the marketing position, I appreciate your prompt and courteous communication. Because I believe I have the organizational and technical skills needed to work in a growing company like EdCo., I hope you will keep my résumé in your active file. My desire to work for your company remains strong. I enjoyed meeting with you, and I appreciate your thorough explanation of your company’s growth and future goals. To enhance my qualifications, I have enrolled in a course on Intercultural Communication in the Workplace at ZSU. If you have an opening for a position I am qualified for, please contact me at (555) 555-3532. I will contact you in the next month to discuss employment possibilities. Sincerely, Janet Havasu What is effective about the message? It asks specific questions about the position. It uses memo format. It refers to specifics in the applicant’s interview. What should be included in your job acceptance message? A review of salary and benefits A review of your strengths and qualifications A summary of the interview
Final answer:
Janet Havasu's message to Ms. Gonzalez is effective because it refers to specifics discussed during the interview and demonstrates a proactive approach to enhancing qualifications. A job acceptance message should include a summary of the interview process.
Explanation:
The message from Janet Havasu to Ms. Gonzalez is effective because it refers to specifics in the applicant’s interview, demonstrating attention to detail and a strong understanding of the company's needs. Janet expresses her continued interest in the company by mentioning her enrollment in a relevant course, highlighting her proactive approach to enhancing her qualifications. In a job acceptance message, you should include a concise summary of the interview process to acknowledge the mutual understanding achieved during the meeting, reiterate your enthusiasm for the role, acknowledge the offer, and confirm your acceptance without necessarily reviewing salary and benefits as those terms should have been addressed prior to acceptance.
The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Delacour, Inc. for an operating period. Units Unit Cost Total Cost Units Sold Beginning Inventory 30 $28 $ 840 Sale No. 1 20 Purchase No. 1 50 40 2,000 Sale No. 2 40 Purchase No. 2 20 44 880 __ Totals 100 $3,720 60 Assuming Delacour, Inc. uses FIFO perpetual inventory procedures, it records sale no. 2 as an entry to Cost of Goods Sold for:
Under the FIFO method, the Cost of Goods Sold (COGS) for Sale No. 2 amounts to $1480. This is calculated considering 10 units from the beginning inventory and 30 units from the first purchase.
Explanation:Delacour, Inc. uses the FIFO (First-In-First-Out) perpetual inventory procedure. So, to calculate the entry to Cost of Goods Sold (COGS) for Sale No. 2, we need to consider the costs of the earliest goods that were bought and are still available in the inventory. For Sale No. 2, 40 units were sold. The first 10 units come from the Beginning Inventory at $28/unit(total $280) and the next 30 units from Purchase No. 1 at $40/unit (total $1200). Therefore, the total COGS for Sale No. 2 is $280 (from beginning inventory) + $1200 (from Purchase No. 1), which equates to $1480.
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The exhibit shows the breakdown of benefits and costs for a five-person community considering whether to purchase a $5,000 statue of Adam Smith to put in the center of the public square. If simple majority voting determines the outcome, the statue _______________ be purchased, and the total costs are ______________ the total benefits of the statue.
Answer:
B) will; less than
The exhibit shows the breakdown of benefits and costs for a five-person community considering whether to purchase a $5,000 statue of Adam Smith to put in the center of the public square. If simple majority voting determines the outcome, the statue will be purchased, and the total costs are less than the total benefits of the statue.
Explanation:
Attached is the completed question, including the table used for this question;
From the table;
For Milton, Maria and Kenneth the benefits of the statue is more than the cost levied on them(they would be in support)
For Jaime and maynard the benefits of the statue is less than the cost levied on them (not in support)
Since majority voting will determine the outcome, the statue will be purchased (3 in support and 2 against, majority is in support)
Total cost = $5000
Total benefits = $(1525+1315+505+845+1150) = $5340
Therefore, the total cost is less than the total benefits
For the month of July, the unpaid balance on Sue’s credit card statement was $1,131.63 at the beginning of the billing cycle. She made purchases of $512.58. She also made a payment of $750.00 during the month. If the interest rate was 1.75% per month on the unpaid balance, determine the finance charge and the new balance on the first day of the August billing cycle.
Answer:
The finance charge is $19.80 and The new balance on the first day of the August billing cycle is $914.01
Explanation:
According to the given data, we have the following:
Sue’s credit card statement was $1,131.63 at the beginning of the billing cycle
purchases= $512.58
interest rate=1.75%
Hence, to determine the finance charge we use the equation I=Ptr,
so=($1,131.63)(1)(0.0175)
=$19.80.
The finance charge is $19.80
Then, She also made a payment of $750.00 during the month, so In order to calculate the new balance on the first day of the August billing cycle we would have to make the following calculation
new balance=old unpaid balance+finance charge+purchases-payment
=$1,131.63+$19.80+$512.58-$750.00
=$914.01
The new balance on the first day of the August billing cycle is $914.01
Old Economy Traders opened an account to short sell 1,000 shares of Internet Dreams from the previous problem. The initial margin requirement was 50%. (The margin account pays no interest.) A year later, the price of Internet Dreams has risen from $40 to $50, and the stock has paid a dividend of $2 per share. a. What is the remaining margin in the account
Answer:
a.38%
b. No because the margin is above the requirement at 38%
c.-150%
Explanation:
a.
1000 shares*$40 per share = 40000
margin requirement is 50% so equity = 20000
1 year later price increase to 50
$1000 shares*$50 per share = 50000
dividend = $2*1000 = 2000
margin = 20000/52000 = 38%
b.
No because the margin is above the requirement at 38%
c.
Price of 1000 stock year 1 at 50$/share = 50000
40000 – 50000 = -10000
Rate of return = (-10000 -20000)/20000 = -150%
Outstanding stock of the Marin Corporation included 54000 shares of $5 par common stock and 20000 shares of 5%, $10 par non-cumulative preferred stock. In 2016, Marin declared and paid dividends of $2700. In 2017, Marin declared and paid dividends of $27000. How much of the 2017 dividend was distributed to preferred shareholders?
Answer:
The amount of dividends distributed to preferred stockholders in 2017 is $10000.
Explanation:
The preferred stock is non cumulative which means that if the company is unable to pay dividends on preferred stock in a certain year, the dividend for that year will not be accumulated and will not be paid in the next year.
Thus, the company only paid a dividend of $2700 in 2016 and the remaining dividends will not be payable by the company in year 2017.
The dividend on each share of preferred stock per year is = 10 * 0.05 = $0.5 per share
The number of shares of preferred stock are 20000.
The total dividends that will be paid to preferred stock holders in 2017 is = 0.5 * 20000 = $10000
Thus, out of the $27000 dividends of 2017, $10000 was distributed to preferred stockholders.
Vaughn Manufacturing reported the following information for 2016: October November December Budgeted sales $1000000 $940000 $1150000 All sales are on credit. Customer amounts on account are collected 50% in the month of sale and 50% in the following month. How much is the November 30, 2016 budgeted Accounts Receivable?
Answer:
The answer is : $970,000
Explanation:
To calculate this, we have to calculate the amounts collected from the month of sale(November) and the amount receivable from the other months and add them together. This is shown below as follows:
From October sales ($1000000): 50% is collected in the following month(October)
∴ 50% of 1,000,000 = 0.5 × 1,000,000 = $500,000
From November sales (940,000): 50% receivable in the month of sale
= 50% of 940,000 = $470,000
Therefore Accounts receivable at the end of November
= 470,000 + 500,000 = $970,000
Fred contributes cash of $350,000 to Strumble Partnership for his 50% interest in the partnership. For his 50% interest Gary contibutes a building with a fairmarket value of $550,000 and a basis of $250,000. The building is subject to a mortgage of $200,000. Net income for Strumble for 2019 is $100,000, Strumble borrows an additional $50,000 during 2019 and makes a distribution to each partner of $20,000. Assuming that the partners share profits and losses equally what is Gary's basis in his partnership interest at the end of 2019.
Gary's basis in his partnership interest at the end of 2019 is $215,000.
Explanation:To calculate Gary's basis in his partnership interest at the end of 2019, we need to take into account his initial contribution, share of profits and losses, additional borrowing, and distributions made.
Initially, Gary contributed a building with a fair market value of $550,000 and a basis of $250,000. However, the building is subject to a mortgage of $200,000. So, his net contribution is $350,000 - $200,000 = $150,000.
Next, we calculate the share of profits and losses. Since the partners share profits and losses equally, Gary's share of the net income of $100,000 for 2019 is $100,000 / 2 = $50,000.
Then, we consider the additional borrowing of $50,000. Gary's share of this borrowing is $50,000 / 2 = $25,000.
Finally, we subtract the distributions made to each partner, which is $20,000. Gary's share of the distribution is $20,000 / 2 = $10,000.
To calculate Gary's basis in his partnership interest at the end of 2019, we add up all these amounts:
Net contribution: $150,000
Share of profits: $50,000
Share of additional borrowing: $25,000
Minus distribution: -$10,000
Overall, Gary's basis in his partnership interest at the end of 2019 is $150,000 + $50,000 + $25,000 - $10,000 = $215,000.
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Gaston owns equipment that cost $17,000 with accumulated depreciation of $3,400. Gaston sells the equipment for $12,200. Which of the following would not be part of the journal entry to record the disposal of the equipment? Multiple Choice Debit Accumulated Depreciation $3,400. Debit Loss on Disposal of Equipment $1,400. Credit Equipment $17,000. Debit Cash $12,200. Credit Gain on Disposal of Equipment $1,400.
Answer:
Credit gain on disposal of equipment $1400 will not be a part of the journal entry
Explanation:
The carrying value is the value of an asset in books which is net of accumulated depreciation. The equipment of Gaston has a carrying value of = 17000 - 3400 = 13600 on the day of sale.
The gain or loss on disposal is calculated by deducting the carrying value from the sales proceeds of the asset. Thus, the gain/loss on sale of the asset is,
12200 - 13600 = - $1400 or a loss on disposal of $1400
Thus, the entry to record the disposal is,
Cash $12200 Dr
Accumulated depreciation $3400 Dr
Loss on disposal $1400 Dr
Equipment $17000 Cr
Stonehall Inc. recently borrowed $685,000 from its bank at a simple interest rate of 10 percent. The loan is for eight months and, according to the loan agreement, the interest should be added to the amount borrowed and the total amount will be repaid in monthly installments. The loan's annual percentage rate (APR) is:________
a. 20.00%
b.18.25%
c. 15.05%
d. 13.33%
Answer:
a. 20.00%
Explanation:
Monthly loan payment
= (685000*10%*8/12 + 685000)/8
= $91,333.33
PV = -685000
Nper = 8
Using RATE function
= RATE(8,91333.33,-685000,0)*12
= 20%
Therefore, The loan's annual percentage rate (APR) is 20%.
Exercise 11-1 Compute the Return on Investment (ROI) [LO11-1] Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil field in Alaska. Data concerning the most recent year appear below: Sales $ 19,000,000 Net operating income $ 6,100,000 Average operating assets $ 36,500,000 Required: 1. Compute the margin for Alyeska Services Company. (Round your answer to 2 decimal places.) 2. Compute the turnover for Alyeska Services Company. (Round your answer to 2 decimal places.) 3. Compute the return on investment (ROI) for Alyeska Services Company. (Round your intermediate calculations and final answer to 2 decimal places.)
Answer:
1. Margin = 0.32 or 32%
2. Turnover = $19,000,000 or Operating Asset Turnover = 0.52 or 52%
3. Return on Investment = 0.17 or 17%
Explanation:
Firstly, list out the parameters we were given:
Sales = $19,000,000, Net Operating Income = $6,100,000,
Average Operating Assets = $36,500,000
1. Operating Margin = Net Operating Income / Sales
Operating Margin = 6,100,000 ÷ 19,000,000 = 0.32
Operating Margin = 0.32 (to 2 decimal places)
Operating Margin = 32%
2. Turnover refers to sales or revenue made during a particular period. In which case turnover is $19,000,000
However, if the turnover referred to is the Operating Asset Turnover, that is calculated below:
Operating Asset Turnover = Sales / Average Operating Assets
Operating Asset Turnover = 19,000,000 ÷ 36,500,000
Operating Asset Turnover = 0.52 (to 2 decimal places)
Operating Asset Turnover = 52%
3. Return on Investment (ROI) = Net Operating Income / Average Operating Assets
Return on Investment (ROI) = 6,100,000 ÷ 36,500,000
Return on Investment (ROI) = 0.17 (to 2 decimal places)
Return on Investment (ROI) = 17%
Final answer:
To compute the ROI for Alyeska Services Company, the margin is found to be 32.11% and the turnover is 0.52. Using these calculations, the ROI is determined to be 16.70%.
Explanation:
To calculate the Return on Investment (ROI) for Alyeska Services Company, we first need to compute the margin, turnover, and then use these figures to calculate the ROI.
Margin Calculation
The margin is calculated by dividing the Net operating income by the Sales and then multiplying by 100 to get a percentage:
Margin = (Net operating income \/ Sales) * 100
Margin = ($6,100,000 \/ $19,000,000) * 100
Margin = 32.11%
Turnover Calculation
The turnover is calculated by dividing the Sales by the Average operating assets:
Turnover = Sales \/ Average operating assets
Turnover = $19,000,000 \/ $36,500,000
Turnover = 0.52
ROI Calculation
ROI is calculated by multiplying the margin by the turnover:
ROI = Margin * Turnover
ROI = 32.11% * 0.52
ROI = 16.70%