Answer:
Credit an equity account for $800
Explanation:
We assume that the accountant has debited an asset account for $1,500 and credited a liability account for $700 so we have to credit the equity account for $800 to balance the accounting equation
In every balance sheet, the accounting equation has used that means
Total assets = Total liabilities + Shareholder equity
In mathematically,
$1,500 = $700 + $800
$1,500 = $1,500
Balanced both sides of the balance sheet.
A stock’s price fluctuations are approximately normally distributed with a mean of $29.51 and a standard deviation of $3.87. You decide to sell whenever the price reaches its highest 20% of values. What is the highest value you would still hold the stock?
Answer:
The highest value you would still hold the stock is $32.76
Explanation:
Hi, since the highest 20% of the values means the highest limit of 80% of the data, we have to use MS Excel or a normal distribution table to find the value of Z, and then use the following formula.
[tex]Value=Mean+Z(S.D)[/tex]
S.D = Standard deviation
Z = Normal Distribution parameter (in our case, 0.84)
Everything should look like this.
[tex]Value=29.51+0.84(3.87)=32.76[/tex]
Therefore, the highest value in which you would still hold the stock would be $32.76
Best of luck.
Sterling, Inc. reports the following financial information for its sports clothing segment. Average operating assets $3,064,000 Controllable margin $643,440 Minimum rate of return 7 % Compute the return on investment and the residual income.
Answer:
Return on investment = 21%
Residual Income = $428,960
Explanation:
Average operating assets (AOA) = $3,064,000
Controllable margin (CM) = $643,440
Minimum rate of return (MRR) = 7 %
The return on investment is the ratio between the controllable margin (CM) and the average operating assets (AOA):
[tex]ROI = \frac{CM}{AOA} =\frac{643,440}{3,064,000} \\ROI = 0.21 =21\%[/tex]
The residual income is given by:
Residual Income = CM - (MRR × AOA)
[tex]RI=643,440 -(0.07*3,064,000)\\RI=\$428,960[/tex]
The quality of information obtained from a request letter depends on the clarity of the inquiry. What techniques can you use to make your request clear? Check all that apply.
Organize your ideas.
Use parallel construction for lists.
Frame your request logically.
Thank the recipient in advance.
Analyze your needs.
Answer:
Organize your ideasFrame your request logically.Thank the recipient in advance.Analyze your needs.Explanation:
A request letter is a type of business letter whose purpose is to place an order with the recipient.
When writing a letter of request it is appropriate to analyze your needs and then organize your ideas and include it in the body of the message in a logical way that facilitates understanding.
A letter of request should contain:
company letterhead, department initials, letter number, place and date, addressee, reference, subject, greeting, body text, farewell, and signature.The techniques that can be used to make a request clear include: 1. Organize your ideas. 2. Use parallel construction for lists. 3. Frame your request logically. The correct answer is 1, 2 and 3.
Explanation:1. Organizing your ideas helps present the request in a structured manner, making it easier for the recipient to understand.
2. Using parallel construction for lists ensures consistency and clarity in expressing multiple items or actions within the request.
3. Framing the request logically involves presenting it in a sequence that flows logically from introduction to the main request, supporting details, and conclusion. This logical progression aids comprehension and enhances the effectiveness of the request letter.
You know that the return of Sandhill Cyclicals common shares is 1.6 times as sensitive to macroeconomic information as the return of the market. If the risk-free rate of return is 4.10 percent and market risk premium is 5.71 percent, what is Sandhill Cyclicals’ cost of common equity capital?
Answer
The answer and procedures of the exercise are attached in the image below.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Suppose that Westside Auto of Problem 4, with D = 12,000 units per year, Ch = (2.50)(0.20) = $0.50, and C0 = $25, decided to operate with a backorder inventory policy. Backorder costs are estimated to be $5 per unit per year. Identify the following:a. Minimum-cost order quantityb. Maximum number of backordersc. Maximum inventory leveld. Cycle timee. Total annual cost
Answer:
Please see attachment
Explanation:
Please see attachment
Final answer:
This answer explains the calculation for minimum-cost order quantity, maximum backorders, maximum inventory level, cycle time, and total annual cost when operating with a backorder policy in business.
Explanation:
a. Minimum-cost order quantity: To find the Economic Order Quantity (EOQ), use the formula EOQ = sqrt((2DS)/(H)). Plugging in D = 12,000 units, Ch = $0.50, and C0 = $25 gives EOQ = sqrt((2×12000×25)/0.50) = 600 units.
b. Maximum number of backorders: The maximum number of backorders is the EOQ itself, so in this case, it is 600 units.
c. Maximum inventory level: The maximum inventory level is EOQ plus the maximum number of backorders, which equals 1200 units.
d. Cycle time: Cycle time can be calculated as EOQ/D, so in this scenario, the cycle time is 600/12,000 = 0.05 years.
e. Total annual cost: Total Cost (TC) = (D/Q)*S + (Q/2)×H + (D/Q)×C0, where S is the cost per order, Q is EOQ, H is holding cost per unit. Substituting the values, TC = (12000/600)×25 + (600/2)×0.50 + (12000/600)×5 = $750 + $150 + $25 = $925.
Suppose Columbia Sportswear Company had accounts receivable of $206,090,000 at the beginning of a recent year, and $267,085,000 at year-end. Sales revenue was $1,093,860,000 for the year. What is the amount of cash receipts from customers?
Answer:
The amount of cash receipts from customers: $1,032,865,000
Explanation:
Assuming that all Sales revenue was on credit sales.
In Suppose Columbia Sportswear, Sales revenue was $1,093,860,000, accounts receivable in the year increased $1,093,860,000. Basing on formula:
Accounts receivable at year-end = Accounts receivable at the beginning of the year + Accounts receivable increasing in the year - Accounts receivable decreasing in the year
Thefore:
Accounts receivable decreasing in the year = Accounts receivable at the beginning of the year + Accounts receivable increasing in the year - Accounts receivable at year-end = $206,090,000 + $1,093,860,000 - $267,085,000 = $1,032,865,000
This is also the amount of cash receipts from customers.
James is employed by a large corporation with 400 employees. The corporation provides its employees with a no-cost gym membership in their building. The value of the membership is $60/month . The gym is used exclusively by the employees and their families. How much, if any, must James include in his yearly gross income related to this fringe benefit?
$0.
$60.
$600.
$720.
Answer:
$0
Explanation:
James should not include any amount related to this fringe benefit in his yearly gross income. Since the employer provides the benefit in their own premises, and the gym is of exclusive use of employees and their families, employees are exempt of including their gym fees in their yearly gross income. If this was a public gym, then the full amount of the yearly membership would have to be included.
Marina Corp. applied overhead to jobs during the period as follows: Jobs finished and sold $ 46,000 Jobs started and in process 54,000 Jobs finished and unsold 100,000 The application of overhead has resulted in a $5,600 credit balance in the Factory Overhead account. The entry to dispose of this remaining factory overhead balance is:
A) No entry is needed.
B) Debit Factory Overhead $5,600; credit Cost of Goods Sold ss,600.
C) Debit Factory Overhead $5,600; credit Work in Process Inventory $5,600.
D) Debit Work in Process Inventory $5,600; credit Factory Overhead $5,600.
E) Debit Cost of Goods Sold $5,600; credit Factory Overhead $5,600
Answer:
Explanation:
The journal entry is shown below:
Factory Overhead A/c Dr $5,600
To Cost of Goods Sold A/c Dr $5,600
(Being the over applied overhead balance is recorded)
For recording the remaining balance we debited the factory overhead account and credited the cost of goods sold account.
All other information which is given is not relevant. Hence, ignored it
Many observers believe that the levels of pollution in our society are too high. True or False: If society wishes to reduce overall pollution by a certain amount, it is efficient to have firms with highest profit bearing the largest burden of reducing pollution and firms with lowest profit bearing the least burden.
a. True
b. False
Which of the following statements is true about command-and-control approaches to reducing pollutions? Check all that apply.
a. Command-and-control approaches often rely on uniform reductions among firms
b. Command-and-control approaches are efficient because they ensure each firm reduces the mandated amount of pollution.
c. Command-and-control approaches are generally unable to target the firms that should undertake bigger reductions.
Answer:
First question: the given statement is false.
Second question: options a and c are correct.
Explanation:
If a society whishes to reduce overall pollution by a certain amount, then it is efficient when different firms reduce pollution by different amounts. This is because the cost of reducing pollution differs across the firms.
------
The CAC policy is inefficient because they rely on mandated uniform reductions. A firm will not reduce emissions more than the mandated amount because there is no incentive to do so. Since, the reductions are uniform, it is not able to target the firms that require bigger reductions.
It is not necessarily efficient for more profitable firms to bear a greater pollution reduction burden. Command-and-control approaches to reducing pollution often rely on uniform regulations, and cannot target specific firms for greater reductions.
Explanation:The assertion that it is efficient to have firms with the highest profit bearing the largest burden of reducing pollution and firms with the lowest profit bearing the least burden is False. While it may seem intuitive that larger, more profitable companies should bear a greater burden, this may not be the most efficient way to reduce pollution overall. Efficiency in reducing pollution often involves the cost-effectiveness of reduction strategies, which may not directly correlate with a firm's profitability.
Regarding command-and-control approaches to reducing pollution, the statements that are true are: a. Command-and-control approaches often rely on uniform reductions among firms, and c. Command-and-control approaches are generally unable to target the firms that should undertake bigger reductions. This is because command-and-control approaches typically apply the same regulations to all firms, irrespective of their individual circumstances, and are unable to differentiate which firms should reduce more based on factors such as pollution level, reduction cost, and profitability.
Learn more about Pollution Reduction Strategies here:https://brainly.com/question/32136328
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Beta of common stock = "1.7" Treasury bill rate = 4% Market risk premium = 7.0% Yield to maturity on long-term debt = 7% Book value of equity = $390 million Market value of equity = $780 million Long-term debt outstanding = $780 million Corporate tax rate = 21%
What is the company's WACC? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
Answer:
10.72%
Explanation:
Firstly, we need to calculate cost of equity using capital pricing model (CAPM):
Cost of equity = Risk-free rate + Beta x Market risk premium
= 4% + 1.7 x 7% = 15.9%
Note: Treasury bill rate is used as a proxy for risk-free rate in this case.
Then, we will calculate weighted average cost of capital (WACC) as below:
Weighted average cost of capital = Debt weight in capital structure x Pre-tax cost of debt x (1 - tax rate) + Equity weight in capital structure x Cost of equity
= [780/(780 + 780)] x 7% x (1 - 21%) + [780/(780 + 780)] x 15.9%
= 10.72%
Note: Yield to maturity on long-term debt is used as a proxy for pre-tax cost of debt in this case. Weights used in WACC calculation have to be based on market value.
So, the company WACC is 10.72%.
If neither restaurant cleans, each will earn $13,000; alternatively, if they both hire workers to clean, each will earn only $10,000. However, if one cleans and the other doesn't, more customers will choose the cleaner restaurant; the cleaner restaurant will make $18,000, and the other restaurant will make only $6,000.
Answer:
Please see attachment
Explanation:
Please see attachment . Please note that the question is not complete . I have found the a full question online to assist you .
The kitchen at a major corporation’s managed services business account includes several gas and electric stoves, ovens,broilers, steamers, grills, and other appliances, On average, the kitchen serves 500 lunches. At 10:15 AM. on a Tuesday inDecember, a gas leak prompts the gas company to cut off the gas supplyDiscussion Question1. What can be done to offerthe best possible lunch food and service?
Answer:
Consider the following explanation.
Explanation:
As the case suggest that there has been a gas leak and as a precautionary measure company has cut off the gas line which is going to affect lunch service. There can be three options to resolve this and continue to provide great food and service which are as follows:
1. Buy gas cilinders.
2. Cook the food at a different location and serve in the said major corporation.
3. Foods which will not require such as cold meat sandwiches can be served. Also there can be two options in both toasted and fresh as toaster runs on electricity. Moreover, range of salads can be served as well.
In response to a gas leak, a kitchen should utilize electric appliances and adjust recipes to maintain operations. Staff should focus on their specializations to sustain efficiency, and management should oversee the adaptations while keeping customers informed.
When faced with a gas leak that causes the gas supply to be cut off, a kitchen at a corporation's managed services business must adapt quickly to ensure that the best possible lunch food and service is still provided to its customers. Since the kitchen serves 500 lunches on average, it's essential to have a crisis management plan. To compensate for the loss of gas-powered equipment, such as stoves and ovens, the kitchen can maximize the use of electric appliances like electric steamers, grills, and ovens.
The people working behind the cash register and in the kitchen need to coordinate efficiently during this disruption. They could offer pre-prepared or easier-to-make meals such as sandwiches, salads, and soups that don't require gas for preparation. Additionally, kitchen staff should prioritize cooking with equipment that relies on electricity, such as rice cookers for side dishes or electric broilers for meats. In responding to the gas cut-off, the business manager should oversee the swift changes in the kitchen operations, while the staff at the front ensure customers are informed about any changes to the menu and service.
If the price level recently increased by 20% in England while falling by 5% in the United States, what must be the new exchange rate if PPP holds?
Assume that the current exchange rate is 0.54 pound per dollar.
Answer:
The correct answer is 0.675 pounds per US dollars.
Explanation:
The price level in England increased by 20% and fell by 5% in the US.
This implies that the US dollars appreciated by
= 5% + 20%
= 5%
This means that 25% more pounds will be required to purchase the same basket of goods in the US.
So, the exchange rate is
= [tex]1.25 \times \frac{0.54}{1}[/tex]
= 0.675 pounds per US dollars
Suppose you deposit $1400 cash into your checking account. By how much will checking deposits in the banking system increase as a result when the required reserve ratio is 0.110? The change in checking deposits is equal to: $nothing (enter your result rounded to the nearest dollar).
The rounded nearest dollar is [tex]\$12727.27[/tex]
Solution:
Deposit multiplier is a feature that explains how much money banks create when they loan money to borrowers.
The sum for the banks to lend is the amount of money kept by the banks above the appropriate balance.
It is the key element of a fractional banking reserve system.
Banks in the United States must meet Federal Reserve minimum requirements, but they can set higher deposits multiplier.
Change in deposit = [tex]\$1400[/tex]
RRR = 0.110
Change in the Money supply = (Change in the Monetary base) [tex]\times[/tex] (Money multiplier)
Money multiplier= [tex]1 \div \text{ reserve ratio }=\frac{1}{0.110}=9.091[/tex]
Change in money supply= [tex]1400\times9.091= \$12727.273[/tex] that is approximately 12727.27 dollars.
Final answer:
The checking deposits in the banking system will increase by $12,726
Explanation:
To determine the increase in checking deposits when the required reserve ratio is 0.110, we need to apply the money multiplier formula.
The money multiplier is calculated as 1 / required reserve ratio.
In this case, the money multiplier would be 1 / 0.110 = 9.09.
So, when you deposit $1400 cash into your checking account, the checking deposits in the banking system will increase by -
= $1400 x 9.09
= $12,726.
MetaProMetaPro Systems is a start-up company that makes connectors for high-speed Internet connections. The company has budgeted variable costs of $ 140$140 for each connector and fixed costs of $ 5 comma 500$5,500 per month. MetaProMetaPro's static budget predicted production and sales of 100100 connectors in August, but the company actually produced and sold only 7878 connectors at a total cost of $ 18 comma 000$18,000. MetaProMetaPro's flexible budget variance for total costs is
Answer:
Total variation= $1,580 unfavorable
Explanation:
Giving the following information:
The company has budgeted variable costs of $140 for each connector and fixed costs of $5,500 per month.
MetaPro's static budget predicted production and sales of 100 connectors in August, but the company produced and sold only 78 connectors at a total cost of $18,000.
Standard total cost= 140*78 + 5,500= $16,420
Actual cost= 18,000
Total variation= 18,000 - 16,420= 1,580 unfavorable
As a long-term investment at the beginning of the 2018 fiscal year, Florists International purchased 30% of Nursery Supplies Inc.'s 8 million shares for $56 million. The fair value and book value of the shares were the same at that time. During the year, Nursery Supplies earned net income of $40 million and distributed cash dividends of $1.25 per share. At the end of the year, the fair value of the shares is $52 million.
Required:
Prepare the appropriate journal entries from the purchase through the end of the year.
Answer:
Please see attachment
Explanation:
Please see attachment
Sheffield Corp. is authorized to issue both preferred and common stock. The par value of the preferred is $50. During the first year of operations, the company had the following events and transactions pertaining to its preferred stock. Feb. 1 Issued 51,500 shares for cash at $54 per share. July 1 Issued 67,000 shares for cash at $58 per share. Journalize the transactions.
Final answer:
To journalize the transactions related to Sheffield Corp.'s preferred stock, you need to record the issuance of shares for cash at different times and prices. Here are the journal entries for the given events:
Explanation:
To journalize the transactions related to Sheffield Corp.'s preferred stock, we need to record the issuance of shares for cash at different times and prices. Here are the journal entries for the given events:
February 1:
Debit: Cash ($54 x 51,500 shares)
Credit: Preferred Stock ($50 x 51,500 shares)
Credit: Additional Paid-in Capital on Preferred Stock (Difference)
July 1:
Debit: Cash ($58 x 67,000 shares)
Credit: Preferred Stock ($50 x 67,000 shares)
Credit: Additional Paid-in Capital on Preferred Stock (Difference)
Research on the interactionist perspective suggests:
Select one:
a. there is a consistent positive relationship between person/organization fit and job performance.
b. if there is a misfit between an individual and the organization, there are no extenuating circumstances that eliminate its impact.
c. organization culture is equally important to all individuals.
d. people who fit into their organization tend to be more satisfied with their jobs.
Answer:
Letter D is correct. People who fit into their organization tend to be more satisfied with their jobs.
Explanation:
Alternative D is correct because interactionist theory refers to the organic and environmental factors that directly influence each individual's perspective and development. It is believed that human beings take an active role in their own lives and use their life experiences, values and meanings to enhance their development.
Therefore when a collaborator feels part of an organization, his individual values and perspectives are appropriate to it, which according to interactionist theory, helps in its development and consequently personal satisfaction.
Jeremy, a manager, calls for a meeting with his subordinate, Nadia, to discuss a new project. When she gives her opinion, Jeremy summarizes it to ensure that he has understood Nadia's point the way she meant it. In which of the following practices leading to effective communication is Jeremy involved?a. filteringb. reflectionc. encryptingd. groupthink
Jeremy is involved in reflection .
Option B
Explanation:
It represents the paraphrasing process which reflects both the speaker's thoughts and words. The goal of reflection is:
Let the presenter ' hear ' his own words and reflect on what they suggest and sound. To convince the presenter that you see the universe as they see it and do the best to understand its messages.
In order to encourage them to speak.
Reflecting doesn't really involve asking the questions; introduce a new topic, or contributing a conversation in a different direction. Speakers are encouraged to learn because they can not only feel heard, but can also concentrate their thoughts. In effect, it allows them to think and encourage them to speak more.
The net income reported on the income statement for the current year was $240,000. Depreciation was $52,000. Accounts receivable and inventories decreased by $5,000 and $15,000, respectively. Prepaid expenses and accounts payable increased, respectively, by $500 and $14,000. How much cash was provided by operating activities?a. $277,500.b. $287,500.c.$295,500.d.$228,500.
Final answer:
The cash provided by operating activities is calculated by adjusting the net income for changes in working capital and adding back depreciation. The correct calculation provides a result of $325,500, which differs from the options provided in the question.
Explanation:
To calculate the cash provided by operating activities, you need to adjust the net income by changes in working capital and add back non-cash expenses such as depreciation. Here's the calculation:
Start with Net Income: $240,000.Add back Depreciation: $240,000 + $52,000 = $292,000.Adjust for decrease in Accounts Receivable: $292,000 + $5,000 = $297,000.Adjust for decrease in Inventories: $297,000 + $15,000 = $312,000.Adjust for increase in Prepaid Expenses (which uses cash): $312,000 - $500 = $311,500.Adjust for increase in Accounts Payable (which provides cash): $311,500 + $14,000 = $325,500.Therefore, the cash provided by operating activities is $325,500, which is not listed in the options provided.
Acme Explosives recently gave very specific specifications to its suppliers of raw materials in an attempt to improve the quality of those raw materials and to minimize and anticipate the problems they are likely to face in the conversion process. This is an example of:
A. concurrent control.
B. feedforward control.
C. feedback control.
D. bureaucratic control.
E. MBO control.
Answer: Option A
Explanation: In simple words, concurrent controls refers to the regulation of activities by an organisation to make sure that those activities are performed as per the standards set. Usually the activities regulated under this type of control are related to the transformation process.
Such control is made to improve an existing performance and not in relation to some new set of activities that are to be performed. Hence from the above we can conclude that the given case is an example of concurrent control.
Chambers, Inc. uses flexible budgets. At normal capacity of 16,000 units, budgeted manufacturing overhead is: $64,000 variable and $180,000 fixed. If Chambers had actual overhead costs of $250,000 for 18,000 units produced, what is the difference between actual and budgeted costs?
Chambers, Inc. uses flexible budgets. At normal ca
$2,000 unfavorable.
$2,000 favorable.
$8,000 favorable.
$6,000 unfavorable.
Answer:
The correct answer is B.
Explanation:
Giving the following information:
At the normal capacity of 16,000 units, budgeted manufacturing overhead is $64,000 variable and $180,000 fixed. If Chambers had actual overhead costs of $250,000 for 18,000 units produced.
Variable overhead rate= 64,000/16,000= $4
Overhead variance= real - allocated
Overhead variance= 250,000 - (4*18,000 + 180,000)= 250,000 - 252,000= 2,000 favorable
The difference between actual and budgeted costs for Chambers, Inc. is $2,000 favorable, which means the actual overhead costs were less than what was budgeted for 18,000 units produced. Hence, correct option B.
The question asks us to calculate the difference between actual and budgeted manufacturing overhead costs for Chambers, Inc., which uses a flexible budget. To find the budgeted costs for 18,000 units, we first calculate the variable cost per unit by dividing the total variable costs at normal capacity by the number of units at normal capacity. Then we can adjust the budgeted variable costs for 18,000 units and add the fixed costs, since fixed costs remain constant regardless of the number of units produced.
Step-by-step calculation:
Calculate the variable cost per unit: $64,000 / 16,000 units = $4 per unit.
Adjust the budgeted variable costs for 18,000 units: $4 per unit × 18,000 units = $72,000.
Keep the fixed costs the same: $180,000.
Calculate total budgeted costs for 18,000 units: $72,000 (variable) + $180,000 (fixed) = $252,000.
Subtract the actual costs from budgeted costs: $252,000 (budgeted) - $250,000 (actual) = $2,000.
Since the actual costs are less than the budgeted costs, the difference of $2,000 is favorable.
A Puppy Pet Services $1,000 bond has a 7.5 percent coupon rate, matures in 2016, and is currently quoted at $820. The current yield is:A. 6.15 percent. B. 7.50 percent. C. 9.15 percent. D. 10.27 percent. E. 11.43 percent.
Answer:
Option (C) is correct.
Explanation:
Face Value = $1,000
Current Price = $820
Annual Coupon Rate = 7.50%
Annual Coupon = Annual Coupon Rate × Face Value
= 7.50% × $1,000
= $75
Current Yield = Annual Coupon ÷ Current Price
= $75 / $820
= 0.0915 or 9.15%
Final answer:
The current yield of the bond is C. 9.15 percent.
Explanation:
The current yield can be calculated by dividing the annual coupon payment by the bond's current market price.
In this case, the bond has a $1,000 face value and a 7.5 percent coupon rate, which means the annual coupon payment is -
= ($1,000 * 0.075)
= $75
The bond is currently quoted at $820, so the current yield is -
= ($75/$820) * 100
= 9.15
An actuary at a mid-sized insurance company is examining the sales performance of the company's sales force. She has data on the average size of the policy ($ thousands) written in two consecutive years by 40 salespeople. She fits a linear model and finds the slope to be 1.10and the Upper R squared is 79.0%.She concludes that the predictions for next year's policy size will be quite accurate. Examine the data and comment on her conclusions.
Answer:
It is not quite accurate
Explanation:
The first factor is the Upper R squared, which is 79.0%.
this value should be more than 90% in order to get quite accurate, 80% is normal, and below 80% accuracy decreases notably.
It indicates that probably the linear model is not the best for this data, and it is neccesary to probe other non linear models.
When General Motors first began selling its Chevy Novas in Mexico, it could not understand the low sales volume at first. Then, GM discovered that the word, "no va" in Spanish means "something that does not go." Would you buy a car that does not go? This is a prime example of which way to avoid misunderstandings? A. Biases in paying attention B. Cultural similarities C. Choosing the simple, basic word(s) D. Separating facts from inferences
Answer:
The correct answer is letter "B": Cultural similarities.
Explanation:
Cultural similarities refer to customs and special terms that for one region or country are widely accepted but not for others. Those actions or phrases could be exactly the same but carry a different or even negative meaning in different places. This is not limited to actions and terms used in day-to-day activities but also under formal circumstances.
Which of the following is true of diversity in the workplace? Multiple Choice Fewer American employees are working as expatriates in foreign countries. An increasingly diverse workforce decreases the economic output of a country. Remaining a member of the workforce is detrimental to the health of older workers. The average age of the workforce is decreasing as the baby boomer generation nears retirement. Diversity makes it more challenging to retain valued employees by reducing affective and continuance commitment.
Answer:
Diversity makes it more challenging to retain valued employees by reducing affective and continuance commitment.
Explanation:
Diversity describes that the employees are not homogeneous rather they are in variety who do not match at all. As there are different kind of people in the workplace, it becomes difficult to manage.
Accordingly it also affects the performance of company, as there will be many employees who are not determinant and thus, might not perform well.
Accordingly the effective employees also tries to switch to some other companies which will benefit them and those having better employees.
Thus, there is a problem to retain skilled employees.
Final answer:
The impact of diversity in the workplace is generally positive, enhancing economic output and not necessarily making employee retention more challenging. The correct observation regarding the workforce is that it is aging due to the baby boomer generation's impact, not decreasing in average age.
Explanation:
The question surrounds the impact of diversity in the workplace, with various options presenting common misconceptions or inaccurate statements regarding workforce dynamics. Considering the options provided, most can be quickly dismissed due to factual inaccuracies. For example, an increasingly diverse workforce is generally seen to enhance, not decrease, the economic output of a country by bringing in a variety of perspectives and skills. Similarly, remaining a member of the workforce can be beneficial to the health of older workers, providing them with continued purpose, social interaction, and mental engagement.
The correct answer is related to the effects of the baby boomer generation on the workforce. Contrary to the decreasing average age of the workforce, what we actually observe is an aging workforce as the baby boomer generation delays retirement and remains active in the job market. This trend contributes to a diverse workforce in terms of age, which can bring challenges but also significant advantages in terms of experience, stability, and mentorship opportunities.
In terms of employee retention and the impact of diversity, a well-managed diverse workforce can increase both affective and continuance commitment by making employees feel valued and understood, contrary to the option suggesting that diversity makes retention more challenging.
In our aggregate expenditure model we assume that:
O individual firms’ prices are flexible but the price level is fixed.
O both individual firms’ prices and the price level are flexible.
O both individual firms’ prices and the price level are fixed.
O individual firms’ prices are fixed but the price level is flexible
Answer:
The correct answer is regarding the model, is that an individual firms prices are flexible but the level of the price is fixed.
Explanation:
The aggregate expenditure model is the model in which the sum or total of all the expenditures are undertaken in the economy with the factors during the particular time period.
The equation is:
AE = C (Consumption) + I (Investment) + G (Government) + NX (Net Exports)
In this model, it is assumed that the prices of the individual firm are flexible whereas the price level is fixed.
In our aggregate expenditure model, we assume that individual firms' prices are flexible but the price level is fixed. The correct option is O individual firms’ prices are flexible but the price level is fixed.
Focus on Total Spending: The aggregate expenditure model analyzes fluctuations in economic activity by focusing on the total amount of spending in the economy.
Fixed Price Level: It assumes that the overall price level in the economy is relatively stable or fixed in the short run.
Changes in Real Output: With a fixed price level, changes in nominal spending primarily lead to changes in real output rather than changes in the price level.
Flexibility of Individual Firm Prices: Despite the fixed price level assumption, individual firms can adjust their prices in response to changes in demand for their specific goods or services.
Relative Price Adjustments: This flexibility allows for relative price adjustments, aiding in market clearing for individual goods.
Limited Impact on Aggregate Price Level: Although individual firms can adjust prices, the aggregate price level is not significantly affected in the short run due to nominal rigidities and the assumption of a fixed price level. Therefore, the correct option is O individual firms’ prices are flexible but the price level is fixed.
The Horizons Cycle Shop bought 3 motorcycles for $2,100, and sold each one for $1,000. The markup percent was:
A. 33 1/3 percent.
B. 30 percent.
C. 142 percent.
D. 50 percent.
E. There is not enough information to determine the markup.
Answer:
B. 30 percent
Explanation:
Based on the selling price, the markup percent is determined as the difference of the selling price and the cost. divided by the selling price.
Since 3 motorcycles were sold at $1,000 each, total sales are $3,000, and the markup percent is:
[tex]MU=\frac{sales-cost}{sales} *100\%\\MU=\frac{\$3,000- \$2,100}{\$3,000} *100\%\\MU=30\%[/tex]
B. 30 percent.
Snow Valley Ski Resort has been contracting snow removal from its parking lots at a cost of $350/day. A snow-removal machine can be purchased for $27,000. The machine is estimated to have a useful life of 6 years with a zero salvage value at that time. Annual costs for operating and maintaining the equipment are estimated to be $7,000. Determine the break-even value for the number of days per year that snow removal is required in order to justify purchasing the snow-removal machine. MARR is 12%/year.
Answer:
The number of days needs to be found is 39 days
Explanation:
The number of days per year the machine is used that brings the Snow Valley Ski Resort to break-even for the two alternative ways given in the question is the number of days that equalized the net present value of the two alternatives being discounted at MARR 12%.
Net Present value of alternative 1 : Buying the machine ; calculated as below
Cost of buying the machine + annual cost of operating and maintaining = -27,000 - (7,000/12%) x (1-1.12^-6) = $-55,779.85
Net Present value of alternative 2: Renting the machine; which is the present value of annual renting cost for 6 years period. Annual renting cost is denoted as $(350 x n) with n is the number of days in use. Thus, net present value is calculated as: (-350n/ 0.12) / ( 1 - 1.12^-6)
As explained above, the number of days to bring to break-even point is:
(350n/ 0.12) x ( 1 - 1.12^-6) = 55,779.85 <=> 350n = 13,567.1 <=> n = 39 days.
Star Bank provided cash to a customer, J. Brown, to pay for a building. Star required that Brown also sign a(n)_____________ (mortgage/installment/bond) note payable, which allows the bank to be paid by the cash proceeds of the sale of the building if Brown fails to pay on the note.
Answer: Mortgage
Explanation: Mortgage is a legal debt instrument signed by a borrower to the lender for credit to purchase a property.
Mortgage is a secured loan which the security is the property being bought.
On the event of non payment of the loan, the property is sold and money realised is used in paying the lender the principal amount as well as accrued interest on the loan.
Final answer:
Star Bank required J. Brown to sign a mortgage note payable when providing cash for a building purchase, which allows the bank to sell the building if Brown defaults on the loan. A mortgage is a loan secured by real property which the lender can sell to satisfy the debt if the borrower fails to pay.
Explanation:
Star Bank provided cash to a customer, J. Brown, to pay for a building. Star required that Brown also sign a mortgage note payable. A mortgage is specifically designed for loans secured by real estate, where the property serves as collateral to the loan. If J. Brown fails to make payments according to the terms of the note, the bank has the legal right to be paid by selling the secured property, in this case, the building.
A promissory note is essentially an IOU that indicates a promise to pay a certain amount under specified terms. It's a common financial instrument in both personal and business transactions. Mortgages often involve monthly instalments, which include principal and interest payments. If a firm or an individual cannot meet their loan obligations, the lender, such as a bank, can enforce the sale of the collateral, and in this context, it's real estate to recoup the lent amount.