Answer:
True
Explanation:
Peter Drucker proposed the idea of knowledge management. He praised knowledge as being the most important factor of production, I guess he associated knowledge with technology. He even used the terms knowledge worker and knowledge productivity. He was one of the most influential authors about management and he focused a lot on continuous learning.
A company expects to sell 15,000 units in the first quarter, 18,000 units in the second quarter, and 20,000 units in the third quarter. The company desires to maintain an inventory at the end of each quarter equal to 10% of next quarter expected sales. How many units does the company plan to produce in the second quarter?
Answer:
the number of units produced in the second quarter is 18,200 units
Explanation:
The computation of the number of units that have to plan for producing in the second quarter is shown below:
= Sales units - opening inventory units + closing inventory units
= 18,000 units - (18,000 units × 10%) + (20,000 units × 10%)
= 18,000 units - 1,800 units + 2,000 units
= 18,200 units
hence, the number of units produced in the second quarter is 18,200 units
You would like to invest $24,000 and have a portfolio expected return of 11.5 percent. You are considering two securities, A and B. Stock A has an expected return of 18.6 percent and B has an expected return of 7.4 percent. Approximately how much should you invest in Stock A if you invest the balance in Stock B? a) $7,137 b) $7,411 c) $8,786 d) $8,626 e) $7,807
Answer:
c) $8,786
Explanation:
0.186A + 0.074B = (24,000 x 0.115)
0.186A + 0.074B = 2,760
A + B = 24,000
where A = amount invested in stock A and B = amount invested in stock B
A = 24,000 - B
0.186(24,000 - B) + 0.074B = 2,760
4,464 - 0.186B + 0.074B = 2,760
4,464 - 0.112B = 2,760
4,464 - 2,760 = 0.112B
1,704 = 0.112B
B = 1,704 / 0.112 = $15,214.29
A = $24,000 - $15,214.29 = $8,785.71 ≈ $8,786
Colors of cars in a mall parking lot is?
Categorical
Numerical; discrete
Numerical; continuous
Answer: Categorical
Explanation:
Categorical data refers to data that enables variables to be grouped into categories but in such a way that there is no ordering to the categories.
In this scenario, the cars will be grouped by their colors but these colors cannot be ordered by saying that red is higher than blue or yellow is higher than white. It is therefore Categorical data.
Raymond Co. has $1.1 million of debt, $2 million of preferred stock, and $2.1 million of common equity. What would be its weight on preferred stock?
Answer:
0.3846
Explanation:
Given that :
Amount of debt = $1.1 million
Amount of preferred stock = $2 million
Amount of common equity = $2.1 million
Total value of company's finance funds :
(Amount of debt + Amount of Preffered stock + Amount of common equity)
(1.1 million + 2 million + 2.1 million)
= $5.2 million
Hence, weight on preferred stock:
Amount of preferred stock / total value of company's finance
$2 million / $5.2million
= 0.3846
Hence, weight of Preffered stock = 0.3846
a community hospital in pennsylvania has a 15% supply expense ratio. If total operating expenses are $1 million this month, what is the total annual cost of supplies
Answer:
$150,000
Explanation:
The question says that the total operating expenses of the hospital is 1 million, while also saying that it has a supply expense ratio of 15%. An expense ratio can be by dividing a fund's total operating expenses it's average dollar value of its assets under it's management. This is what gave us the 15% we got in the question. Now, to get the total supply cost in dollars (not percentage), all we is multiply the percentage by the total cost we were given. Thus,
Total annual cost of supply =
15% * 1,000,000 =
15/100 * 1,000,000 =
$150,000.
Therefore, the total annual cost of supply is $150,000
A 10 percent decrease in the price of a Pepsi decreases the demand for a Coca-Cola by 50 percent. The cross elasticity of demand between a Pepsi and Coca-Cola is ?
Answer:
the cross elasticity of demand between a Pepsi and Coca-Cola is 5
Explanation:
The computation of the cross elasticity of demand is shown below:
= Percentage change in quantity demanded of one product ÷ percentage change in the price of other product
= -50 ÷ -10
= 5
Hence, the cross elasticity of demand between a Pepsi and Coca-Cola is 5
We simply applied the above formula so that the correct value could come
And, the same is to be considered
The income statement of Venden Co. for the month of July shows net income of $4,000 based on Service Revenue $8,700, Salaries and Wages Expense $2,500, Supplies Expense $1,700, and Utilities Expense $500. In reviewing the statement, you discover the following.
Answer:
The correct net income is $3,500.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
The income statement of Venden Co. for the month of July shows net income of $4,000 based on Service Revenue $8,700, Salaries and Wages Expense $2,500, Supplies Expense $1,700, and Utilities Expense $500. In reviewing the statement, you discover the following.
1. Insurance expired during July of $700 was omitted.
2. Supplies expense includes $250 of supplies that are still on hand at July 31.
3. Depreciation on equipment of $300 was omitted.
4. Accrued but unpaid salaries and wages at July 31 of $400 were not included.
5. Services provided but unrecorded totaled $650.
Instruction: Prepare a correct income statement for July 2017.
Also Note: See the attached excel file for the correct income statement.
In the attached excel file, the following workings are used:
Workings:
w.1. Supplies expense = Total supplies expense already charged – Supplies on hand at July 31 = $1,700 - $250 = $1,450
w.2. Salaries and wages expense = Salaries and wages expense already charged + Accrued but unpaid Salaries and wages expense = $2,500 + $400 = $2,900
w.3. Service revenue = Service revenue already accounted for + Services provided but unrecorded = $8,700 + $650 = $9,350
A periodic system of inventory:
A. reduces record keeping.
B. increases record keeping.
C. increases the cost of maintaining inventory.
D. eliminates the need for a physical count.
Answer:
A. reduces record keeping.
Explanation:
A periodic system of inventory can be defined as a method of financial accounting, that typically involves updating informations about an inventory on a periodic basis (at specific intervals) as the sales or purchases are being made by the customers, through the use of either an enterprise management software applications or a digitized point-of-sale equipment.
Hence, a periodic system of inventory reduces record keeping because there's no continuous records in real-time of the amount of inventory sold or purchased by the customers.
Atlanta Spokane
Total liabilities $610,000 $466,200
Total equity 630,000 1,648,000
Compute the debt-to-equity ratio for each of the above companies. Which company appears to have a riskier financing structure
Answer:
Debt to Equity = Total liabilities / Total Equity
Atlanta
= 610,000/630,000
= 0.9682
= 0.97
Spokane
= 466,200/1,648,000
= 0.28
Atlanta appears to have the riskier financing structure because a higher debt to equity ratio signifies less capacity to be able to pay off debt with the equity which means there is a greater chance of default.
6. Explain why a movement from a point inside a production possibilities frontier to the production possibilities frontier can be described as a free lunch and a movement along a production possibilities frontier is described as a tradeoff
Answer: Moving down along the PPF will produce more goods but less quality
Explanation:
On the production possibilities frontier, every choice along involves a trade-off, moving down along the PPF, production of capital goods is more but this will result in less quality for to consumers goods, when analysed with the opportunity cost, it is realized that the value of customer good o gone
have to produce less quantity of consumer goods. The opportunity cost of a capital good is the value of consumer good forgone.
Which of the following choices include only accounts that appear in the asset section of the balance sheet?Multiple Choice Prepaid supplies, unearned revenue, accounts payable Accounts payable, equipment, prepaid insurance Cash, prepaid rent, accounts receivables Common stock, prepaid rent, notes payable
Answer:
C. Cash, prepaid rent, accounts receivables.
Explanation:
A balance sheet can be defined as the financial statement that gives a detailed summary of the financial balance of a business firm or individual at a specific period of time. Therefore, it typically comprises of assets, liabilities, capital, debt, equity etc.
In Financial accounting, Accounts Receivable are considered to be a current asset because it is the payment a business firm would receive from its customers for goods purchased or services taken on credit. Also, cash, rent and accounts receivable are recorded in the current assets section of the balance sheet because they add value to a business firm.
Generally, current assets are considered to be liquid because they are listed on the balance sheet in the order (descending) in which they are expected to turn or be converted to cash within a relatively short term period.
Hence, account receivables, cash and rent are assets on the balance sheet, which are listed in order of liquidity.
The choice that include only accounts that appear in the asset section of the balance sheet are Cash, prepaid rent, and accounts receivables.
On October 1, Sam's Painting Service borrows $164000 from National Bank on a 3-month, $164000, 4% note. What entry must Sam's Painting Service make on December 31 before financial statements are prepared?A. Interest Expense 500 Interest Payable 500B. Interest Payable 500 Interest Expense 500C. Interest Expense 2,000 Interest Payable 2,000D. Interest Expense 500 Notes Payable 500
Answer:
{Debit] Interest expense $1,640
[Credit] Interest payable $1,640
Explanation:
Annual 12 month interest = $164,000 * 4% = $6,560
No of months from 1 Oct to 31 Dec = 3 months
Interest expense to be recorded as ‘payable’ for 3 months = $6,560 * 3 months/12 months = $6,560 * 0.25 = $1,640
Entry will include:
{Debit] Interest expense $1,640
[Credit] Interest payable $1,640
According to the model of firm behavior introduced in the video, what is the main motivation for firms' actions? A. Revenue B. Sales C. Efficiency D. Profit
Answer:
D. Profit
Explanation:
As we know that every type of organization, business is worked for a profit. Also it is the main motivation to the actions of the firm. The competitive firms sell the products at low price to attract the customers in order to capture the market so that the maximum profit they could able to earned. For maximising the profit, the correct price and correct quantity is important
hence, the correct option is d.
Hadi makes wooden souvenirs to sell them during Baalbek festivals. Hadi believes if he puts more effort his small business will grow up, thus he increases the working hour of each worker from 50 hours per month to 60 hours per month. Hadi is interested in determining his productivity, He has the following data:
Month 1 Month 2
Output 250 units 320 unit
Worker 4 employees, cost per hour $5 4 employees, cost per hour $5
Overhead Expenses $600 $700
Find the worker productivity per dollar of Month 1 (6 points) *
None of the above
1.25
0.25
12.5
Find the change in worker productivity per labor hour. (6 points) *
6.7%
6.4%
6.5%
6.6%
Find the total productivity of Month 2. (6 points) *
0.17
0.16
0.15
0.18
Find the change of the total productivity (7 points) *
6.7%
6.5%
6.8%
6.6%
Answer:
1.25
6.4%
0.17
not sure of the last one
Explanation:
A company had total sales of $610,000, net sales of $566,400, and an average accounts receivable of $96,000. Its accounts receivable turnover equals:
Answer:
5.9
Explanation:
Calculation for It's accounts receivable turnover using this formula
Accounts Receivable Turnover = Net Sales amount /Average Accounts Receivable amount
Let plug in the formula
Accounts Receivable Turnover =$566,400/$96,000
Accounts Receivable Turnover = 5.9
Therefore Its accounts receivable turnover equals: 5.9
The three functions of federal government are:
Answer:
i hate school im the CØØCHIEMAN
Explanation:
i hate school i hate school im the coochie manWhat is a country that wants to increase its per capita GDP trying to achieve?
A. It wants to prevent its currency from gaining or losing value too
quickly.
B. It wants to increase its economic productivity per person in the
country.
C. It wants to reduce the number of people who can't find a job.
D. It wants to lower the value of goods and services it produces.
Answer: B
Explanation: taking the test rn and I got it right
It wants to increase its economic productivity per person in the is country that wants to increase its per capita GDP trying to achieve. Thus, option B is correct.
What is per capita GDP?By dividing a country's GDP by its community, the GDP is a budgetary method of quantifying the productive capacity per human in a country and people. Sector's contribution by all growers who are residents of the economy combined with any brand taxes that are not factored into yield valuation makes up GDP per capita.
The goal of the nation seeking to enhance its per population GDP is to enhance its economic production per person. Average earnings rise as a result of sustained expansion, which is also closely related to decreasing poverty.
A fundamental estimate of the production value of every person is provided by GDP per capita, it serves as an additional measure of per capita. GDP as well as GDP per capita expansion are seen as wide
Therefore, option B is the correct option.
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To this day, many companies believe that service is a cost rather than a revenue producer. Why might they hold this view? How would you argue the opposite view?
Answer: Difficulty involved in tracing the link between service and financial returns.
Explanation:
Many companies believe that service is a cost rather than a revenue producer due to the following reasons;
- There is this difficulty in tracing the link between service and financial returns.
- Profits are not directly linked to service provided most times, so it seems as though the service rendered was a cost rather than a revenue
- When service is rendeded most times, the results are not seen immediately, as it would require time to get tvalue and profit for what was done.
Bermuda Triangle Corporation (BTC) currently has 520,000 shares of stock outstanding that sell for $85 per share. Assume no market imperfections or tax effects exist. Determine the share price and new number of shares outstanding if:
a. BTC has a five-for-three stock split.
b. BTC has a 12 percent stock dividend.
c. BTC has a 43.5 percent stock dividend.
d. BTC has a four-for-seven reverse stock split.
Answer:
a. BTC has a five-for-three stock split.
new number of shares outstanding = (520,000 / 3) x 5 = 866,666.67 ≈ 866,667
new market price per stock = ($85 / 5) x 3 = $51
b. BTC has a 12 percent stock dividend.
new number of shares outstanding = 520,000 x 1.12 = 585,400
new market price per stock = $85 / 1.12 = $75.89
c. BTC has a 43.5 percent stock dividend.
new number of shares outstanding = 520,000 x 1.435 = 746,200
new market price per stock = $85 / 1.435 = $59.23
d. BTC has a four-for-seven reverse stock split.
new number of shares outstanding = (520,000 / 7) x 4 = 297,142.86 ≈ 297,413
new market price per stock = ($85 / 4) x 7 = $148.75
When the Federal government takes action to change taxes and spending to stimulate the economy such policy is:_________
a. Passive
b. Automatic
c. Discretionary
d. Nondiscretionary
Answer:
c. Discretionary
Explanation:
The discretionary policy is the policy that depends upon the judgement of the people who made the policy. It also deals in the decision making with respect to the monetary and fiscal policy
So here in the given situation, it is mentioned at the time of taking the action by the federal government with respect to change in the taxes and the spending in order to stimulate the economy
So this situation represents the discretionary policy
therefore the option c is correct
True or False? A Product is a good or service that a customer needs. It can also be an experience that a customer wants.
Answer:
I think it is true.
Motor Sales sold its old office furniture for $9000. The original cost was $17,000, and at the time of sale, accumulated depreciation was $14,000. What is the effect of this transaction?
a. gain of $9000
b. gain of $6000
c. loss of $6000
d. loss of $9000
Based on the given information, the effect of this transaction is a gain of $6000. Thus the correct option is B.
What is depreciation?The continual loss of an asset's worth over time as a result of damage, obsolescence, or other circumstances is known as depreciation. The cost of an asset is divided throughout the asset's useful life using this accounting technique.
To determine the effect of this transaction, we need to calculate the carrying value of the furniture at the time of sale.
Carrying value = Original cost - Accumulated depreciation
Carrying value = $17,000 - $14,000
Carrying value = $3,000
Given that, the furniture was sold for $9,000.
Gain = Sale price - Carrying value
Gain = $9,000 - $3,000
Gain = $6,000
Therefore, the answer B is appropriate.
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The Jewel Golf Club Company, which recently began using a Kanban system, has had problems with high inventory levels of one of the handle grips used to make several versions of its clubs. Daily demand for the grip is 3000 units, average waiting time during production is 0.20 day, processing time is 0.10 day per container, and a container holds 150 grips. How many Kanban containers would Jewel require if a 15% policy variable is used?
a. three or fewer
b. four or five
c. six or seven
d. eight or more
Answer:
c. six or seven
Explanation:
The computation of the number of kanban containers required is shown below:
Number of Kanbans = (Average Demand During lead Time + Safety Stock) ÷ Size of container
= (3,000 units × 0.3 + 0.15 × 3000 × 0.3) ÷ (150)
= (900 + 135) ÷ 150
= 6.9
So the number of kanbans required is 6.9 i.e. it lies between six or seven
hence the correct option is c.
A fund of real estate holdings that can be privately held or publicly traded on an exchange is a __________.a. syndicate.
b. limited partnership.
c. real estate investment trust.
d. direct investment fund.
e. mortgage-backed fund.
Answer:
c. real estate investment trust.
Explanation:
Real estate investment trust are businesses that own real estate that is used to generate revenue.
They include office spaces, apartments, hospitals, hotels, shopping malls and so on.
So when there is fund of real estate holdings that can be privately held or publicly traded on an exchange, it is a real estate investment trust.
REIT provides a long term and stable source of income as real estate properties tend to appreciate over time. They also pay lower corporate tax
Suppose that the Office of Management and Budget provides the accompanying estimates of federal budget receipts, federal budget? spending, and GDP, all expressed in billions of dollars. Calculate the implied estimates of the federal budget deficit as a percentage of GDP for each year. (Enter each response as a percentage rounded to one decimal place. Do not include a plus or minus sign.)Year Federal Budget Federal Budget GDP (0% growth) Deficit as a Receipts (5% growth) Spending (2% growth) % of GDP 2015 $2,329.8 $2,682.6 $14,573.2 %2016 2,446.3 2,736.3 14,573.2 %2017 2,568.6 2,791.0 14,573.2 %2018 2,697.0 2,846.8 14,573.2 %
Answer:
For each year, calculate the budget deficit then make it a percentage of GDP.
Budget Surplus (deficit) = Government receipts - Government Expense
2015
Deficit as percentage of GDP = (2,329.8 - 2,682.6) / 14,573.20
= 2.4%
2016
= (2,446.3 - 2,736.3) / 14,573.2
= 2.0%
2017
= (2,568.6 - 2,791.0) / 14,573.2
= 1.5%
2018
= (2,697.0 - 2,846.8) / 14,753.2
= 1.0%
Answers rounded to one decimal place. and no signs, plus or minus, included, as per the question specification.
If a central bank wishes to reduce inflation, it should announce its intentions and follow through with them, thereby using _________ monetary policy.
A. visible
B. integral
C. credible
D. authoritative
Answer:
C. credible
Explanation:
A credible monetary policy is the policy where the problem of inconsistency of time can be avoided also the biasness of the inflation also it keeps the inflation under a control.
Therefore in the case when the central bank wants to decrease the inflation so they are using the credible monetary policy
Hence, the correct option is C.
If you where advising someone on developing a "marketing communications plan", what factors would you address in this selection process?
Explanation:
Marketing Communications Plan can be described as the technique that an organisation or individual uses to attract the attention of consumers through different forms of communication.
Factors to address in the selection of a Marketing Communications Plan is as follows:
1. The first factor to keep in mind is the target market or your target customers.
2. The second factor is the goals and objectives of the said plan.
3. Another important factor is the budget allocated for the plan.
4. Fourth factor is the advertising and promotional policies.
The following trial balance was extracted from the books of Kalekeno, a sole trader, at 31st Dec2018:
Dr Cr
Stock DEC 31st 2017 23,680
Carriage outward 2,000
Carriage inwards 3,100
Returns 2050 3,220
Purchases and sales 118,740 186,000
Salaries and wages 38,620
Rent 3040
Insurance 780
Motor expenses 6,640
Office expenses 2160
Lighting and heating expenses 1,660
General expenses 3140
Premises 50,000
Motor vehicles 18,000
Fixtures and fittings 3,500
Debtors and creditors 38,960 17,310
Cash at bank 4820
Drawings 12,000
Capital 126,360
332,890 332,890
Additional information
i) Closing stock was valued at ksh 29,460 as at 30th June 2018
ii) Mr kalekeno took part of the stock amounting to ksh 3000 for personal use
iii) Salaries and wages amounting to ksh 8,000 were pre-paid and ksh 360 of motor expenses accrued
iv) Bad debts written off amounted to 860
v) Depreciation is to be provided for as follows:
Premises at 20%
Fixtures and fittings at 15%
Motor vehicles at 25%
All of a above asset were depreciated at cost
a) The income statement for the year ended 30 th June 2018 ( 5marks)
b) The statement of financial position (5 Marks)
Answer:
Stock DEC 31st 2017 23,680
Carriage outward 2,000
Carriage inwards 3,100
Returns 2050 3,220
Purchases and sales 118,740 186,000
Salaries and wages 38,620
Rent 3040
Insurance 780
Motor expenses 6,640
Office expenses 2160
Lighting and heating expenses 1,660
General expenses 3140
Premises 50,000
Motor vehicles 18,000
Fixtures and fittings 3,500
Debtors and creditors 38,960 17,310
Cash at bank 4820
Drawings 12,000
Capital 126,360
332,890 332,890
Additional information
i) Closing stock was valued at ksh 29,460 as at 30th June 2018
ii) Mr kalekeno took part of the stock amounting to ksh 3000 for personal use
iii) Salaries and wages amounting to ksh 8,000 were pre-paid and ksh 360 of motor expenses accrued
iv) Bad debts written off amounted to 860
v) Depreciation is to be provided for as follows:
Premises at 20%
Fixtures and fittings at 15%
Motor vehicles at 25%
All of a above asset were depreciated at cost
a) The income statement for the year ended 30 th June 2018 ( 5marks)
b) The statement of financial position (5 Marks)
Explanation:
A $5,000 face value bond has a coupon rate of 6.5%, sells for $5,937, and matures in 7 years. What is its yield to maturity?a. 3.44%.b. 5.47%.c. 6.12%.d. 4.08%.
Answer:
YTM = 0.03495343461 or 3.495343461% rounded off to 3.50%
Explanation:
The yield to maturity or YTM is the yield or return that an investor can earn on the bond if the bond is purchased today and is held till the bond matures. The formula to calculate the Yield to maturity of a bond is as follows,
YTM = [ ( C + (F - P / n)) / (F + P / 2) ]
Where,
C is the coupon payment
F is the Face value of the bond
P is the current value of the bond
n is the number of years to maturity
Assuming that the bond pays coupon annually,
Coupon payment = 5000 * 0.065 = $325
Number of periods remaining till maturity = 7
YTM = [ (325 + (5000 - 5937 / 7)) / (5000 + 5937 / 2)
YTM = 0.03495343461 or 3.495343461% rounded off to 3.50%
An example of a monopoly would be: __________
a. the local electric utility.
b. one of the few U.S.
c. auto makers.
d. Verizon cell phone service.
e. Burger King one of many U.S. grain producers.
Answer: a. the local electric utility.
Explanation:
A monopoly is a firm that is the only supplier in its market/ industry in an area. Electric utility companies are usually the only ones offering electricity in their areas so this is a monopoly.
One of a few U.S. ... is not a monopoly as there are a few of them. Auto makers do not have a monopoly as there are several of them as well such as Ford and General Motors. The Cell Phone service market has other providers apart from Verizon and Burger King is definitely not a monopoly.