Answer:
2.
Explanation:
Based on the information provided within the question it can be said that the first thing that he should do would be to contact a technical expert with a request to help out a team member who is stuck on a particular. Helping team members is always a top priority for the Scrum master as they need to make sure that everyone is able to properly handle the tasks that are presented, otherwise, everything begins to get backed up and will ultimately crash.
If the expected sales volume for the current period is 25,000 units, the desired ending inventory is 700 units, and the beginning inventory is 450 units, the number of units set forth in the production budget, representing total production for the current period, is
Answer:
Production= 25,250 units
Explanation:
Giving the following information:
Sales= 25,000 units
ending inventory= 700 units
beginning inventory= 450 units
To calculate the required production for the period, we need to use the following formula:
Production= sales + desired ending inventory - beginning inventory
Production= 25,000 + 700 - 450
Production= 25,250 units
Why does a business need accounting information? Accounting identifies personnel who do not have strong customer service skills. Accounting accumulates passwords for security purposes. Accounting records business transactions and communicates financial information. Accounting inspires management to work harder in order to climb the corporate ladder.
Answer:
Accounting records business transactions and communicates financial information.
Explanation:
Accounting information refers to the data about the transactions of a company that is recorded and used to create different reports that help to make decisions about the business operations. According to this, the answer is that a business needs accounting information because accounting records business transactions and communicates financial information.
The other options are not right because accounting information is about financial data not about personnel skills, accumulating passwords or inspiring management to work harder.
Based on Roberts and Schlenker (forthcoming), the corn demand elasticity is ε =0.3, and the supply elasticity is eη= 0.15. According to the 2007 Census of Agriculture, the United States has 347,760 corn farms. Assuming that the farms are of roughly equal size, what is the elasticity of demand facing a single farm?
Answer: 52,164.15
Explanation:
The price Elasticity of demand for corn refers to how much the quantity demanded of corn changes as a result of a change in price.
When given the elasticity for a group and need to calculate for a single unit, use the formula;
εi = nε - (n -1)eη
Demand elasticity for single unit = (Number of units * entire demand elasticity) - ( number of units - 1) * supply elasticity of each firm
= (347,760 * 0.3) - (347,760 - 1) * 0.15
= 104,328 - 52,163.85
= 52,164.15
Note: Do confirm that the figures you provided are the correct ones. If yes then no problems.
A firm in a purely competitive industry is currently producing 1,200 units per day at a total cost of $700. If the firm produced 1,000 units per day, its total cost would be $450, and if it produced 700 units per day, its total cost would be $425. Instructions: Round your answers to 2 decimal places. a. What are the firm's ATC at these three levels of production
Answer:
Explanation:
The average total cost is calculated as the total cost divided by the number of outputs. The firm's ATC at these three levels of production will be:
1. 1,200 units per day at a total cost of $700.
ATC = Total cost/output
ATC = $700/1200
ATC = $0.58
2. If the firm produced 1,000 units per day, its total cost would be $450.
ATC = Total cost/output
ATC = $450/1000
ATC = $0.45
3. If it produced 700 units per day, its total cost would be $425.
ATC = Total cost/output
ATC = $425/700
ATC = $0.61
Freshmart, Inc., began operations last year when it produced and sold the same number of units. This year, the company produced 1,000 units and sold 750 units at a selling price of $100 per unit. Fixed overhead costs totaled $30,000 and fixed selling and administrative expenses were $15,000. Variable production costs were $25.00 per unit while variable selling and administrative expenses were $10.00 per unit. Using absorption costing, net income was:
Answer:
Net Income under absorption costing is $11,250.
Explanation:
Absorption Costing Income Statement.
Sales Revenue (750 units × $100) $75,000
Less Cost of Sales
Opening Inventory $0
Add Cost of Goods Manufactured (1,000 units × $55.00) $55,000
Less Closing Inventory (250 units × $55.00) ($13,750)($41,250)
Gross Profit $33,750
Less Expenses :
Selling and administrative expenses :
Fixed ($15,000)
Variable (750 units×$10.00) ($7,500)
Net Income / (Loss) $11,250
Conclusion :
Manufacturing costs under absorption costing include both fixed and variable costs.
All Non-manufacturing costs are treated as period costs, expense during the period.
Net Income under absorption costing is $11,250.
Michael owns a machine shop. In reviewing the shop's utility bills for the past 12 months, he found that the highest bill of $2,400 occurred in August when the machines worked 1,000 machine hours. The lowest utility bill of $2,200 occurred in December when the machines worked 500 machine hours.
Requirement:
1. Calculate the variable rate per machine hour and the total fixed utility cost.
2. Show the equation for determining total utility cost for the machine shop.
3. If Matt anticipates using 1, 200 machine hours in January, predict the shop's total utility bill using the equation from Requirement 2.
Answer:
Instructions are below.
Explanation:
Giving the following information:
Highest cost= $2,400 when the machines worked 1,000 machine hours.
Lowest cost= $2,200 when the machines worked 500 machine hours.
To calculate the variable cost per unit and total fixed costs, we need to use the following formulas:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (2,400 - 2,200) / (1,000 - 500)
Variable cost per unit= $0.4 per hour
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 2,400 - (0.4*1,000)= $2,000
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 2,200 - (0.4*500)= $2,000
Total cost= 2,000 + 0.4x
x= machine hour
Finally, the total cost for 1,200 machine hours:
Total cost= 2,000 + 0.4*1,200
Total cost= $2,480
When the price increases by 30% and the quantity demanded drops by 10%, the price elasticity of demand is: quizet
Answer:
0.33 inelastic
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
10% / 30% = 0.33
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one .
Engines are the most expensive, heavy component on an aircraft and are designed with detailed specifications. Which of the following would likely be the best theme for a Rolls-Royce analyst research note to help a portfolio manager decide between investing in Rolls Royce or United Technologies?
a. Regulatory concerns for the Boeing-Airbus duopoly
b. A comparison of the commercial prospects of new aircraft models.
c. The impact of the price of oil on air travel.
d. The competitive enviorment in the super luxury car segment.
Answer:
b.
Explanation:
In this scenario, the best theme for the analyst to look into would be a comparison of the commercial prospects of new aircraft models. Meaning a deep look into how well the new aircraft models will do in the commercial markets. This is because the stock prices of United Technologies and Rolls Royce ultimately depends on how well the company's products do when they get released. Therefore in order to decide which investment will return the highest ROI, it is best to compare their commercial prospects.
The buyer's costs are a $360,000 purchase price, a $3,180 origination fee, $400 for a lender's policy of title insurance, $300 for an appraisal, $430 for property taxes in advance, and $555 for hazard insurance. She has put down a $12,000 earnest money deposit and is receiving a $318,000 loan. What is the cash balance required from the buyer at closing
Answer:
The cash balance required from the buyer at closing is $34,865.
Explanation:
The cash balance required from the buyer at closing is the excess of his expenses over his receipts. This can be calculated as follows:
Particulars $ $
Receipts:
Earnest money deposit 12,000
Loan received 318,000
Total receipts 330,000
Expenses:
Purchase price (360,000)
Origination fee (3,180)
Lender's policy of title insurance (400)
Appraisal (300)
Property taxes in advance (430)
Hazard insurance (555)
Total expenses (364,865)
Balance required (34,865)
Therefore, the cash balance required from the buyer at closing is $34,865.
Which of the following accounts are normally reported as current liabilities on a classified balance sheet?
a. Accounts Payable and Prepaid Insurance
b. Interest Payable and Interest Receivable
c. Capital Stock and Accounts Payable
d. Income Taxes Payable and Salaries Payable
Answer:
d. Income Taxes Payable and Salaries Payable
Explanation:
Current liabilities are short term obligations of an entity due for repayment within a period of 12 months.
From the options given d. Income Taxes Payable and Salaries Payable both presents current liabilities.
A community council must decide which recreation facilities to construct in its community. Four new recreation facilities have been proposed—a swimming pool, a tennis center, an athletic field, and a gymnasium. The council wants to construct facilities that will maximize the expected daily usage by the residents of the community, subject to land and cost limitations. The expected daily usage and cost and land requirements for each facility follow:
The community has a $140,000 construction budget and 14 acres of land. The tennis center is conditional upon construction of the swimming pool. The council wants to know which of the recreation facilities to construct to maximize the expected daily usage.
Recreation Facility Expected Usage (People/day) Cost (9) Land requirements
Swimming pool 300 35,000 4
Tennis Center 90 10,000 2
Athletic field 400 25,000 7
Gymnasium 150 90,000 3
After you formulate and solve this problem, which one of the following options is not correct:________.
A. The tennis center will not be chosen.
B. The swimming pool will be chosen.
C. The athletic field will be chosen.
D. The gymnasium not will be chosen.
E. The total daily usage will be 790 people.
The Converting Department of Tender Soft Tissue Company uses the average cost method and had 2,900 units in work in process that were 70% complete at the beginning of the period. During the period, 36,500 units were completed and transferred to the Packing Department. There were 1,600 units in process that were 20% complete at the end of the period. a. Determine the number of whole units to be accounted for and to be assigned costs for the period. units b. Determine the number of equivalent units of production for the period. units
Answer:
a) Units to be accounted for
Completed and transferred out = 36,500 units
Closing inventory = 1600 units.
b) Total equivalent units 36,820
Explanation:
Under the weighted average method, the units completed and transferred out are not separated into opening inventory and newly introduced.
The units to be assigned cost would be as follows:
Completed and transferred out = 36,500 units
Closing inventory = 1600 units.
Equivalent units is the notional whole units which represent incomplete work and her use to assign costs between work-in-progress and completed units.t
Equivalent units= Degree of completion × units
Units units Equivalent units
Completed 36,500 36,500 × 100% = 36,500
Closing inventory 1,600 1,600 × 20% = 320
Total equivalent units 36,820
a) Units to be accounted for
Completed and transferred out = 36,500 units
Closing inventory = 1600 units.
b) Total equivalent units 36,820
How you might reorient yourself to your own job
Answer:
well, first I would start off by listening to others. I would also try to get along with anyone who comes in the job. Sometimes, people take the credit of the work you do, so instead of taking it out on others, deal with it yourself. Everyone has different levels of stress, but it is never ok to take yours out on others. |
|
|
v
( this is the funny answer)
I would start by stop clogging stall number 2, I am truly sorry for our poor custodian Edna. Poor, poor Edna. I would also stop using the printer for putting stupid pictures in others offices. The last time I put my butt on the printer, printed it, and put it on Stevens computer. The only thing Steven was able to open was my hairy butt crack.. I'm sorry Steven. So, I am trying, but ya know, life is a working process..
( hope that this made you laugh)
_________ is the process whereby managers closely examine the target firm to understand its core processes, strengths, and weaknesses.
Answer:
Due diligence
Explanation:
Due diligence is the process whereby managers closely examine the target firm to understand its core processes, strengths, and weaknesses.
It is designed to provide organizations with a clear picture of their company’s capabilities, that is their strength and weakness. Many businesses are reliant on it before making investments decision in a new company, a merger or finishing an acquisition.
Suppose the price index was 105 in 2017, 126 in 2018, and the inflation rate was lower between 2018 and 2019 than it was between 2017 and 2018. This means that
Answer:
These are the answers to the question:
a. the price index in 2019 was lower than 126.0.
b. the price index in 2019 was lower than 147.0.
c. the price index in 2019 was lower than 151.2.
d. the inflation rate between 2018 and 2019 was lower than 1.2 percent.
And this is the correct answer:
b. the price index in 2019 was lower than 147.0.
Explanation:
We can see that the price index rose by 21 units from 105 in 2017 to 126 in 2018.
If the inflation rate was lower between 2018 and 2019, it means that the price index rose by less than 21 units during this period.
Because 126 + 21 = 147, we can be certain that the price index in 2019 was lower than 147.
Seminole Lighting, a specialty lamps and specialty light sources manufacturer, had the following information on its annual tax returns. Calculate Seminole’s taxable income and determine the federal income tax for the year. Sales $ 680,000 Interest Revenues $ 10,000 Operating Expenses $ 52,000 Depreciation $ 10,000 The federal income tax for the year is:
Answer:
Seminole’s taxable income is $628,000
Seminole’s federal income tax for the year is $213,520
Explanation:
In order to calculate Seminole’s taxable income we would have to calculate the following formula:
Seminole’s taxable income=Sales+Interest Revenues-Operating Expenses-Depreciation
According to the given data we have the following:
Sales $ 680,000
Interest Revenues $ 10,000
Operating Expenses $ 52,000
Depreciation $ 10,000
Therefore, Seminole’s taxable income=$ 680,000 +$ 10,000 -$ 52,000 - $ 10,000
Seminole’s taxable income=$628,000
To calculate Seminole’s federal income tax for the year we would have to make the following calculation:
Seminole’s federal income tax for the year=Seminole’s taxable income*tax rate
Seminole’s federal income tax for the year=$628,000*34%
Seminole’s federal income tax for the year=$213,520
A company had a beginning balance in retained earnings of $44,300. It had net income of $7,300 and paid out cash dividends of $5,950 in the current period. The ending balance in retained earnings equals:
Answer:
$45,650
Explanation:
a) Calculations of Retained Earnings:
Beginning balance = $44,300
Net Income = 7,300
less Dividends -5,950
Ending balance = $45,650
b) A statement of changes in Retained Earnings is always prepared to include the net income available for distribution to stockholders and exclude the distributions already made to stockholders in the form of dividends before arriving at the ending balance of Retained Earnings. This later figure is reported in the Balance Sheet. This process is also part of the closing entries of temporary accounts to permanent accounts at the end of an accounting period.
in computing depreciation, three values, must be known or estimated; identify and explain the nature of each.
Answer:
The answer is:
1. Acquisition cost.
2. Estimated useful life to the company.
3. Estimated residual value at the end of the asset’s useful life to the company.
Explanation:
1. Acquisition cost/Purchase price: This is the amount at which the asset(s) was bought. The acquisition cost will include the original purchase price, the cost of transporting the asset to the factory etc. and subtract any purchases discount.
2. Estimated Useful life to the company: This is the number of years the purchased asset are estimated to last for. E.g fitting and furniture with an estimated value of 5 years while the equipment for production can be 7 years. This depends on the company policy though.
3. Estimated residual value: This is the amount of money the firm is expected to get from the asset after it has been fully depreciated.
When depreciation needs to be computed, it is important that one look at three values which are:
Acquisition cost Estimated useful life of asset Residual value at end of lifeOne of the most basic formulas for depreciation is:
= (Acquisition cost - Residual value) / Estimated useful life
The Acquisition cost is the amount that the asset was purchased for. This will also include other capitalized cost such as taxes and installation costs that were necessary to get the asset working.
The estimated useful life of the asset is the amount of time the company believes they will be able to use the asset and the residual value is what the asset will be worth at the end of that useful life.
In conclusion, the three values are cost, useful life, and residual value.
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Jumpin Corporation uses the percentminusofminussales method to estimate uncollectibles. Net credit sales for the current year amount to $ 2 comma 100 comma 000, and management estimates 4% will be uncollectible. The Allowance for Uncollectible Accounts prior to adjustment has a debit balance of $ 1 comma 400. The amount of UncollectibleminusAccount Expense reported on the income statement will be:
Answer:
Uncollectible-Account Expense = $84,000
Explanation:
First of all, we are told that the percentage of uncollectible sales is 4%. This means that out of the total credit sales, 4% is estimated as not being paid by the debtors, and this is the amount that will be recorded in the income statement. It is calculated as follows:
Percentage of uncollectible sales = 4% = 4/100 = 0.04
Total sales = $2,100,000
∴ Uncollectible-Account Expense = 0.04 × 2,100,000 = $84,000
The management function that is concerned with monitoring activities to ensure that they are being accomplished as planned and correcting any significant deviations is
Answer:
Control
Explanation:
The management functions are:
-Plan refers to setting goals and establish the strategies that have to be implemented to accomplish them.
-Organize refers to defining the company structure and the best way to implement the plan.
-Lead refers to getting employees to support and work towards the goals and keep them motivated.
-Control refers to making a follow up of the strategies implemented, measuring the performance to find out if the goals are going to be accomplished and take measures when needed.
According to this, the answer is that the management function that is concerned with monitoring activities to ensure that they are being accomplished as planned and correcting any significant deviations is control because it is the function that measures the results and analyze if the goals can be achieved.
Suppose you invested $100 in the Ishares High Yield Fund (HYG) a month ago. It paid a dividend of $2 today and then you sold it for $101. What was your dividend yield and capital gains on the investment
Answer:
Dividend yield= 2%
Capital gain = 1$
Explanation:
Capital gain is the difference between the cost of the shares when it was purchased and the price now
Capital gains = Price of the share now - cost of the shares
Capital gain = 101- 100 = 1
Capital gain = 1$
Dividend yield is the dividend earned as a proportion of the price of the share
Dividend yield = Dividend/ price × 100 =
Dividend = 2, Price = 101
Dividend yield = 2/101× 100 = 1.98
Dividend yield= 2%
If you are using new information in a survey that was not collected during previous surveys, you will be using _______ to gauge customer satisfaction.
Answer:
This question is incomplete, the options are missing. The options are the following:
a) Biased data
b) Raw data
c) Available data
d) Peer-reviewed data
And the correct answer is the option B: Raw data.
Explanation:
To begin with, the concept known as "Raw Data" refers to the amount of data that is collected from a source for the very first time in order to be used in an analysis. Therefore that it is this type of data that is also called as "primary data" due to the fact that has not been collected before and that action will implicate more work from the analyzer who is interest in collecting all that new data.
In cases where new information in a survey that was not collected during the previous surveys, the information that will be used will be organic data to gauge customer satisfaction. So, the correct option is B.
Raw information relates to the information that was not collected before for any purposes and is being freshly collected and gathered to use and report in the survey.
Raw data or organic data is self collected data which has been gathered from sources that are yet alien to the general public. A special report has to be created on such data collected.The reliability of an organic data is always under question as the sources used to collect the information are not verified and it becomes difficult to rely on data reported in such surveys.Surveys are created out of raw data only in cases of when any information is not available in the public domain or when the surveyor attempts to portray his or her own studies into surveys.Hence, the correct option is B that when the usage of a new information is being done in order to curb usage of data not used previously, one will be using raw data or organic information to gauge customer satisfaction.
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The U.S. work week has declined from 60 hours in 1890 to 40 hours today. The impact of the decline in working hours:________
Answer:
It will Decreases U.S. real GDP and on the other way round it will increases the well-being of a typical working person in the U.S.
Explanation:
The impact of the decline in working hours is that it will Decreases U.S. real GDP and on the other way round it will definitely lead to increase in the well-being of a typical working person in the U.S. because of the decline in the U.S work week which was formally 60 hours in the 1980 but now 40 hours today because a typical working person will have more time for him/her and the stress involved in working for 60 hours per week will reduce when compared with working for 40 hours per week because a typical working person in the U.S will preferred to work for 40 hours per week than 60hours per week for the betterment of their well being.
There is often a trademinusoff between A. limited and unlimited resources. B. economic efficiency and economic equity. C. voluntary and involuntary exchanges. D. productive efficiency and allocative efficiency.
Answer:
B. economic efficiency and economic equity.
Explanation:
These two systems economic efficiency and economic equity are particularly been seen or used as a criteria that required in system of allocation. Efficiency here are known to be trade off which are particularly affected by a lot different policies. An example is seen between equity and efficiency can be explained with government environmental policy. Whoever benefits most in natural resources exploitation and at the cost, is a policy question that needs to be answered. The effect from these exploitation fall on the masses directly when carefully observed.
Fanelli Corporation, a merchandising company, reported the following results for July: Number of units sold 6,100 Selling price per unit $ 590 Unit cost of goods sold $ 413 Variable selling expense per unit $ 50 Total fixed selling expense $ 125,600 Variable administrative expense per unit $ 28 Total fixed administrative expense $ 207,500 Cost of goods sold is a variable cost in this company. Required: a. Prepare a traditional format income statement for July. b. Prepare a contribution format income statement for July.
Answer:
Instructions are below.
Explanation:
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).
I will assume that there is no beginning nor ending inventory.
Absorption costing income statement:
Sales= 6,100*590= 3,599,000
COGS= (6,100*413)= (2,519,300)
Gross profit= 1,079,700
Total selling expense= (6,100*50 + 125,600)= (430,600)
Total administrative expense= (6,100*28 + 207,500)= (378,300)
Net operating income= 270,800
Variable costing income statement:
Sales= 3,599,000
Total variable cost= 6,100*(413 + 50 + 28)= (2,995,100)
Total contribution margin= 603,900
Total fixed selling expense= (125,600)
Total fixed administrative expense= (207,500)
Net operating income= 270,800
For each situation, list the assumption, principle, or constraint that has been violated, if any.
A) East Lake Company recognizes revenue at the end of the production cycle but before sale. The price of the product, as well as the amount that can be sold, is not certain.
B) Hilo Company is in its fifth year of operation and has yet to issue financial statements.
C) Gomez, Inc. is carrying inventory at its original cost of $100,000. Inventory has a fair value of $110,000.
D) Bly Hospital Supply Corporation reports only current assets and current liabilities on its balance sheet. Equipment and bonds payable are reported as current assets and current liabilities, respectively. Liquidation of the company is unlikely debited the "Computers" account.
E) Chieu Company has inventory on hand that cost $400,000. Chieu reports inventory on its balance sheet at its current fair value of $425,000.
F) Toxy Syles, president of Classic Music Company, bought a computer for her personal use. She paid for the computer by using company funds debited the "Computers" account.
A. Going concern assumption
B. Periodically Assumption
C. Historial Cost Principle
D. Revenue Recognition Principle
E. Economic Entity Assumption
F. No Violation
Ansewer:
E i think
Explanation:
The following situations are correctly matched with the assumption, principle:
Revenue Recognition Principle: Before the sale but at the conclusion of the production cycle, East Lake Company records revenue. It is uncertain what the product will cost and how much can be sold.Periodically Assumption: Despite being in its fifth year of operation, Hilo Company has not yet released financial results.No Violation: Gomez, Inc. is holding goods at its $100,000 original cost. The fair value of the inventory is $110,000.Going concern assumption: On its balance statement, Bly Hospital Supply Corporation only lists current assets and current liabilities. Current assets and current liabilities are the amounts that are stated for equipment and bonds payable, respectively. It's doubtful that the "Computers" account would be debited during firm liquidation.Historial Cost Principle: Bly Hospital Supply Corporation only lists current assets and current liabilities on its balance sheet. The quantities for equipment and bonds payable are indicated as current assets and current liabilities, respectively. The "Computers" account would probably not be debited during corporate dissolution.Economic Entity Assumption: Toxy Syles, president of Classic Music Company, bought a computer for her personal use. She paid for the computer by using company funds and debited from the "Computers" account.What is the Going concern assumption?According to the going concern principle, any organization's operations will continue for the foreseeable future. According to the guiding principle, every choice made by a company should be made with its continued operation in mind rather than its eventual closure.
Thus, the mention above correctly matched the assumption, and principle.
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Adidas decides to invest $100,000,000 into a shoe factory in Vietnam from its money market account. The money market account was earning 1% in interest per year or $1,000,000. Adidas could have also earned $400,000 from investing the $100,000,000 in a watch factory. What is its opportunity cost for Adidas based off of the information in presented this situation
Answer:
The opportunity cost is $400000.
Explanation:
The investment amount in shoe factory = $100,000,000
The earning from money market account = $100,000,000 × 1% = $1,000,000
The second option to invest is watch factory and the investment amount is same = $100,000,000
The earning from watch factory = $400,000
The opportunity cost is the cost of the best-forgone alternative. Therefore, if Adidas decides to invest in a shoe factory then the earning of the watch factory is the opportunity cost. So the opportunity cost of Adidas is $400,000
A portfolio has 30% of its value in IBM shares and the rest in Microsoft (MSFT). The volatility of IBM and MSFT are 35% and 30%, respectively, and the correlation between IBM and MSFT is 0.5. What is the standard deviation of the portfolio
Answer:
30.51%
Explanation:
The computation of the standard deviation is shown below:
Data provided in the question
Weightage in IBM = 30% = WI
Weightage in MFST = 100 - 30% = 70% = WM
The Volatility in IBM = 35% = VI
The Volatility in MFST = 30% = VM
Correlation = 0.5 = C
Based on the above information
The standard deviation is
[tex]= \sqrt{(VI^2\times WI^2) + (VM^2 \times WM^2) + (2 \times VI \times WI \times VM \times WM \times C)}[/tex]
[tex]= \sqrt{(0.35^2\times 0.30^2) + (0.35^2 \times 0.70^2) + (2 \times 0.35 \times 0.30\times 0.30 \times 0.70 \times 0.5)}[/tex]
= 30.51%
_____ is a rater error in which a rater gives high ratings to all employees regardless of their performance.
Answer:
Leniency
Explanation:
Leniency is a rater error in which a rater gives high ratings to all employees regardless of their performance.
Leniency error is when a rater has the tendency to rate all employees at positively, this is positive leniency and occurs at the top of the rating scale or at the low end of the scale negative leniency. Leniency error happens when a manager emphasizes too much on positive or negative behaviors
Scott Distributors has the following transactions related to notes receivable during the last two months of the year.
Dec. 1 Loaned $16,000 cash to E. Kinder on a 1-year, 6% note.
16 Sold goods to J. Jones, receiving a $4,800, 60-day, 7% note.
31 Accrued interest revenue on all notes receivable.
Instructions:
Journalize the transactions for Trent Distributors.
Answer:
Dec 1
Dr Notes Receivable 16,000
Cr Cash 16,000
Dec 16
Dr Notes Receivable 4,800
Cr Sales Revenue 4,800
Dec. 31
Dr Interest Receivable 94
Cr Interest Revenue 94
Explanation:
Preparation of Scott Distributors Journal entry
Since we are told that on Dec. 1 Scott Distributors was tend to Loaned tha amount of $16,000 cash to E. Kinder which was on a 1-year, 6% note this means the transaction will be recorded as:
Dec 1
Dr Notes Receivable 16,000
Cr Cash 16,000
Since we were told that Scott Distributors Sold goods to J. Jones by receiving a sum of $4,800, 60-day, 7% note this means the transaction will be recorded as :
Dec 16
Dr Notes Receivable 4,800
Cr Sales Revenue 4,800
The Accrued interest revenue on all notes receivable transactions will be recorded as:
Dec. 31
Dr Interest Receivable 94
Cr Interest Revenue 94
Computation of interest revenue for E. Kinder note and J. Jones
E.kinder=
The amount of $16,000 *0.06*30/360
= $80
Jones note=
The amount of 4,800 *0.07×15/360
= 14
Total accrued interest (80+14)
$94
The journal entries are shown below.
Journal entries:Dec-01
Notes Receivable 16000
Cash 16000
(Being cash paid is recorded)
Dec-16
Notes Receivable 4800
Sales Revenue 4800
(being the sales revenue is recorded)
Dec-31
Interest Receivable 94 =(16000*6%/12*1)+(4800*7%/360*15)
Interest Revenue 94
(Being the interest revenue is recorded)
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