Answer: it increases competition
Explanation:
Just took a test with that question
It increases competition does globalization affect competition. Hence, option A is correct.
What is globalization?The process of greater connectedness and interdependence due to trade and technology is referred to as "globalization." The ensuing societal and economic changes are also covered by the definition of globalization.
Globalization is the acceleration of international exchanges and movements of people, things, and services, money, technologies, or cultural norms. One of the effects of globalization is to promote and encourage relationships between different communities and places around the world.
Free trade agreements like the Trans-Pacific Partnership and the North American Free Trade Agreement serve as prime examples of economic globalization.
Thus, option A is correct.
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can someone plz tell me the percentages
Answer:
1) 7.75%
2) 1.45%
3) 6.20%
4) 3.65%
Explanation:
They are listed
During the taking of its physical inventory on December 31, Barry's Bike Shop incorrectly counted its inventory as $204,505 instead of the correct amount of $166,687. The effect on the balance sheet and income statement would be:___________.
a. assets overstated by $37,818 retained earnings understated by $37.818, and not income statement understated by $37.818
b. assets overstated by $204,505; retained earnings understated by $166,687, and no effect on the income statement
c. assets, retained earnings, and net income all overstated by $37.818
d. assets and retained earnings overstated by $166,687; and net income understated by $204,505
Answer:
c. assets, retained earnings, and net income all overstated by $37.818
Explanation:
Given that
Inventory correct amount is $166,687
And, the Inventory wrongly recorded is $204,505
So
inventory was overstated by
= $204,505 - $166,687
= $37,818
As the ending inventory is overstated so the net income is also overstated and if the net income is overstated then the retained earnings would be overstated
hence, the correct option is c.
The formula for accounts receivable turnover is computed as _____ divided by average accounts receivable, net.
Answer:
revenue
Explanation:
Accounts receivable turnover is an example of activity ratios. It measures the efficiency by which accounts receivable are collected.
Research and development costs:____________
a. Generally pertain to activities that occur prior to the start of production.
b. May be expensed or capitalized, at the option of the reporting entity.
c. Must be capitalized and amortized.
d. None of these responses are correct.
Answer:
b. May be expensed or capitalized, at the option of the reporting entity.
Explanation:
The research and development cost is the cost that are incurred for researching and developing a new product, new process, new project
It may be expense or it may be capitalized. Its totally depend on the management of the firm decisions
Therefore the option b is correct and the same is to be considered
Hoffman Company purchased merchandise on account from a supplier for $65,000, terms 1/10, n/30. Hoffman Company returned $7,500 of the merchandise and received full credit.
a. If Hoffman Company pays the invoice within the discount period, what is the amount of cash required for the payment?
b. What account is debited by Hoffman Company to record the return?
Answer: a. $56925 ; b. Account payable
Explanation:
a. If Hoffman Company pays the invoice within the discount period, what is the amount of cash required for the payment?
Purchase invoice = $65000
Less: Return = ($7500)
Net Purchase Invoice = $57500
Less: Discount = $57500 × 1% = $575
Cash received = $56925
b. What account is debited by Hoffman Company to record the return?
The account that is debited by Hoffman Company to record the return is the account payable.
10,000 can be invested under two options: Option 1. Deposit the 10,000 into a fund earning an effective annual rate of i; or Option 2. Purchase an annuity-immediate with 24 level annual payments at an effective annual rate of 10%. The payments are deposited into a fund earning an effective annual rate of 5%. Both options produce the same accumulated value at the end of 24 years. Calculate i.
Answer:
I = 0.06894
Explanation:
The investment amount into 2 options is given as 10000
10000x(1+I)²⁴ is the accumulated value of option a
10000x0.10/(1-i)/1.1²⁴/0.05x1.05^24-1
= 49530.62522
To get I
(49530.62522/10000)^1/24-1
= 1.068995077 - 1
= 0.06894
Firm A issued a $1,000,000 bond with a 20-year term at a discount. If the remaining amount of the discount on bonds payable is $100,000 after 10 years and firm A retires the bond at this point at 110 (or for cash of $1,100,000), then what is the loss/gain on this bond retirement?
Answer:
Loss of $200,000
Explanation:
Carrying value of bond = $1,000,000 - $100,000
Carrying value of bond = $900,000
Cash paid on bonds = $1,100,000
Loss on bond = Cash paid on bonds - Carrying value of bond
Loss on bond = $1,100,000 - $900,000
Loss on bond = $200,000
Jake Shirt Co. used 5,300 square yards of polyester to produce 3,000 shirts. The standard quantity of material for the 3,000 shirts produced is 6,100 square yards. The standard price for direct materials is $4.00 per square yard. The entry to record the direct materials quantity variance would include a:_____________
a. debit to Direct Materials Quantity Variance for $3,200.
b. credit to Direct Materials Quantity Variance for $3,200.
c. debit to Direct Materials Quantity Variance for $12,000.
d. credit to Direct Materials Quantity Variance for $12,000.
Answer:
b. credit to Direct Materials Quantity Variance for $3,200.
Explanation:
Direct material quantity variance = Standard quantity - Actual quantity * Standard price for direct material
Direct material quantity variance = (6,100 - 5,300) * $4
Direct material quantity variance = 800 * $4
Direct material quantity variance = $3,200 Favorable
The entry to record the direct materials quantity variance would include a credit to Direct Materials Quantity Variance for $3,200
Discarded materials
Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 25 percent for the next three years, with the growth rate falling off to a constant 4 percent thereafter. If the required return is 10 percent, and the company just paid a dividend of $2.95, what is the current share price
Answer:
P0 = $86.52419 rounded off to $86.52
Explanation:
Using the two stage growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula to calculate the price of the stock today is,
P0 = D0 * (1+g1) / (1+r) + D0 * (1+g1)^2 / (1+r)^2 + ... + D0 * (1+g1)^n / (1+r)^n + [(D0 * (1+g1)^n * (1+g2) / (r - g2)) / (1+r)^n]
Where,
g1 is the initial growth rateg2 is the constant growth rate r is the required rate of returnP0 = 2.95* (1+0.25) / (1+0.1) + 2.95 * (1+0.25)^2 / (1+0.1)^2 +
2.95 * (1+0.25)^3 / (1+0.1)^3 +
[(2.95 * (1+0.25)^3 * (1+0.04) / (0.1 - 0.04)) / (1+0.1)^3]
P0 = $86.52419 rounded off to $86.52
Explain which of the following items are money in the U.S. economy. Discuss your answers in terms of three functions of money. 1. US $100 2. Euro 3. Mona Lisa painting 4. American Express credit card
Answer:
$100
Mona Lisa painting
Explanation:
To start with, I will list the 3 primary functions of money, which are;
store of value,
unit of account, and
medium of exchange.
Going by the above, I would say that 2 of the 4 options presented before us are money, why so?
A $100 bill is definitely money, no much explanation is needed here, because it's used daily as a means of exchange between people
2. Euro is not a form of money in the US. While it is a form of money in many other places, it's not in the US because it doesn't satisfy the "medium of exchange" criteria of function of money. Euro can not be spent in a store or anywhere in the country, without it having been first exchanged into dollars
3. Mona Lisa painting, part of the functions of money is to store value, and I believe very much, a painting is a good store of money in that regard.
4. American Express credit card is not a form of money because unlike money
being used essentially, to pay for goods and services directly, a credit card is more or less, a store of wealth that is lent by the bank
benefits are offered by employers to attract good employees
Answer:
its true :))
Explanation:
Answer:
true
Explanation:
edg 2021
Which financial statement would include a listing of a companies assets
Answer:
Balance Sheet
Explanation:
In accounting, Balance sheet will show a complete listing of assets, liabilities and Equity of a company within a specific time period. (For most companies, the balance sheet will be made at each end of the year)
under the Assets segment, Balance sheet will specify several accounts arranged based on their liquidity. Cash usually put at the top of the list since it's considered as the most liquid assets.
People use balance sheet to give a general measurement on Company's financial health. If for example, they noticed that the liability is significantly larger than their assets, investors might feel discourage to invest in the company.
A “new product" can be new to the world, to the market, to the producer or seller, or some combination of these.
True or False
The Barrett Company had sales of $19,800, total costs of $10,900, depreciation expense of $2,100, interest expense of $1,250. Their tax rate is 40%. The firm's operating cash flow is:______.
a. $7,650.
b. $8,900.
c. $6,680.
d. $3,330.
e. $5,430.
Answer:
d $3,330
Explanation:
The firm's operating cash flow is computed as;
Sales - Costs - Depreciation expense = EBIT
EBIT = $19,800 - $10,900 - $2,100
= $6,800
EBT = EBIT - Interest expense
EBT = $6,800 - $1,250
EBT = $5,550
Firm's tax rate = 40% × $5,550= $2,220
Operating cash flow = $5,550 - $2,220
Operating cash flow = $3,330
Allison Corp. has just issued nonconvertible preferred stock (cumulative) with a par value of $20 and an annual dividend rate of 4.25%. The preferred stock is currently selling for $18.75 per share. What is the annual yield or return (r) on this preferred stock
Answer:
4.5%
Explanation:
Calculation for the annual yield or return (r) on this preferred stock
Using this formula
PVper = PMT / r
Where,
PVper =$18.75
PMT =(4.25%*$20)=0.85
Let plug in the formula
$18.75 = 0.85 / r
r = 0.045*100
r= 4.5%
Therefore the annual yield or return (r) on this preferred stock will be 4.5%
The use of departmental overhead rates will generally result in:______.
A. The use of a single cost allocation base.
B. The use of a single overhead cost pool for the factory.
C. The use of a separate cost allocation base for each department in the factory.
D. The use of a separate cost allocation base for each month.
Answer:
C. The use of departmental overhead rates will generally result in the factory
Explanation:
The use of departmental overhead rates will generally result in the use of departmental overhead rates will generally result in the factory. Under the departmental overhead rates approach, separate overhead rates are ascertained for each department based on the most suited allocation base for that department. Budgeted costs and budgeted activity for that department are used to calculate departmental overhead rates.
Northwest Lumber had a profit margin of 5.25%, a total assets turnover of 1.5, and an equity multiplier of 1.8.
What was the firm's ROE?
a. 12.79%
b. 13.47%
c. 14.18%
d. 14.88%
e. 15.63%
Answer:
ROE = 0.14175 or 14.175%
Explanation:
The DuPont equation to calculate ROE or return on equity breaks the ROE into three components namely Net Income or Net Profit margin, Total assets turnover and equity multiplier. This is used to see what factor are affecting the Return on Equity generated by the business. ROE under DuPont can be calculated as follows,
ROE = NI Margin * Total Assets Turnover * Equity Multiplier
ROE = 0.0525 * 1.5 * 1.8
ROE = 0.14175 or 14.175%
If you have to reject a job offer because it isn't what you wanted, what is the best step to take?
a.
Say no at the interview to save the employer time
b.
Do not call the interviewer back
c.
Call the interviewer back, thank them, and give a reason for your answer
d.
Call the interviewer and let them know you would never work for them
Answer:
Call the interviewer back, thank them, and give a reason for your answer
Explanation:
On the variable costing income statement, the figure representing the difference between manufacturing margin and contribution margin is the: a.variable cost of goods sold b.fixed manufacturing costs c.variable selling and administrative expenses d.fixed selling and administrative expenses
Answer:
c. variable selling and administrative expenses
Explanation:
On the variable costing income statement, the figure representing the difference between manufacturing margin and contribution margin is the variable selling and administrative expenses. Variable cost is comprised of cost of goods sold and selling and administrative expense when we deduct cost of goods sold from sales we get manufacturing margin and when we deduct further selling and administrative expense we get contribution margin.
____ demonstrates that management has identified an acceptable risk level and provided resources to control unacceptable risk levels.
Answer:
Accreditation
Explanation:
Accreditation is usually known as voluntary process. It occurs when a private non-governmental organization or agency carry out an external review and gives recognition to a program of study or institution that meets certain pre-determined standards. Accreditation is usually carry out thoroughly and in an organized manner.
Currently, Cathy's Shirt Shop sells 498 units a month at an average price of $98 a unit. The company thiks it can increase sales by an additional 140 units a month if it switches to a net 30 credit policy. The monthly interest rate is .45 percent and the variable cost per unit is $55. What is the incremental cash inflow of the proposed credit policy switch?
Answer:
$6,020
Explanation:
Calculation for the incremental cash inflow
Using this formula
Incremental cash flow=(Average price per units-Variable cost per unit)*Additional units
Let plug in the formula
Incremental cash flow = ($98 - $55)*140 units
Incremental cash flow=$43*140 units
Incremental cash flow= $6,020
Therefore the incremental cash inflow will be $6,020
A firm is productively efficient when:__________.
A) it is producing its product or service at the lowest unit cost that it can
B) it is selling at the lowest price possible
C) it has the highest labor productivity that it can
D) it is making what its customers want
Answer:
Its is A
Explanation:
0 / 1 pts Your firm has a potential project that will cost $5,000 now to begin. The project will then generate after-tax cash flows of $900 at the end of the next three years and then $1400 per year for the three years after that. If the discount rate is 8% then what is the PI
Answer:
PI=103.67%
Explanation:
Calculation for PI
To calculate PI (PROFITABILITY INDEX) the first step is to calculate the NPV ( Net present value) using Financial calculator by following the below step
CF0= -$5,000
C01=$900
FO1=3years
CO2= $1,400
FO2=3 years
NPV=?
I=8%
The next step is to enter the down arrow Cpt
Hence,
NPV = $183.48
Since we have know the NPV Now let calculate the PI using this formula
PI=(NPV+Potential project)/Potential project
Let plug in the formula
PI= ($183.48+$5,000)/$5,000
PI=$5,183.48/$5,000
PI= 1.03669*100
PI=103.67%
Therefore the PI will be 103.67%
Without prejudice to your solution to part (a), assume that you computed the June 30, 2020, inventory to be $60,480 at retail and the ratio of cost to retail to be 68%. The general price level has increased from 100 at January 1, 2020, to 108 at June 30, 2020. Compute the June 30, 2020, inventory at the June 30 price level under the dollar-value LIFO retail method.
Answer:
The June 30, 2020, inventory at the June 30 price level under the dollar-value LIFO retail method:
$65,318.40
Explanation:
a) Data and Calculations:
June 30, 2020 Inventory = $60,480 at retail
Ratio of cost to retail = 68%
Inventory at cost = $41,126.40 ($60,480 * 68%)
General price level increase from 100 to 108
Inventory at the June 30 price level under the dollar-value LIFO retail method:
Inventory at cost = $44,416.50 ($41,126.40 * 108/100)
Inventory at retail = $65,318.40 (44,416.50/68%)
Which one of the following is not included in the current account?
O the flow of interest payments to a Canadian holder of a German bond
O a foreigner's purchase of Canadian corporate shares
O a Canadian's purchase of a Korean-made car
O a French tourist's spending while visiting Canada
Answer:
O a French tourist's spending while visiting Canada
Explanation:
A current account shows the balance between a country's exports and imports. In other words, a country's exports and imports are indicated in the country's current account. A positive balance indicates a country has more exports than imports.
Exports include all goods, services, capital, and earnings sent outside the borders of a country. Imports are what is received from other countries. The current account considers goods, services, interest, and capital moving in and out of the borders. The French tourist is spending in Canada. The items being bought are not imports.
Watters Umbrella Corp. issued 15-year binds two years ago at a coupon rate of 6.2 percent. The bonds make semiannual payments. If these bonds currently sell for 98 percent of par value, what is the YTM?
Answer:
YTM = 6.42%
Explanation:
current market value = $1,000 x 98% = $980
n = (15 - 2) x 2 = 26
coupon = $1,000 x 6.2% x 1/2 = $31
face value = $1,000
YTM = [coupon + [(face value - market value)/n]} / [(face value + market value)/2]
YTM = [31 + [(1,000 - 980)/26]} / [(1,000 + 980)/2]
YTM = (31 + 0.77) / 990 = 31.77 / 990 = 0.03209 x 2 (annual yield) = 0.641818 = 6.42%
MCQS
(i) Compensation of employees includes ________.
(a) wages, salaries, fringe benefits, Social Security contributions, and health and pension plans
(b) wages, salaries and taxes
(c) wages, salaries taxes and zakat
(d) non of the above
(ii) The difference between the income received from abroad for rendering factor services by the normal residents of the country to the rest of the world and income paid for the factor services rendered by nonresidents in the domestic territory of a country is known as-------
(a) Net Factor Income from Abroad
(b) Capital Consumption Allowances
(c) Depreciation
(d) None of these
(iii) Suppose that in year 1 an economy produces 75 unit of apple that sell for $5 each and 100 mobile that sell for $6 each. The next year the economy produces 110 apple that sell for $3.75 each and 80 mobile that sell for $5 each. The real GDP is
(a) 812.5
(b) 975
(c) 1030
(d) 980
(iv) What of the following does NOT enter GDP?
(a) Public Service
(b) Public education
(c) Life Expectancy
(d) National Defence
(v) The sum of all kinds of income received by the individuals from all sources is called---------
(a) Personal Income
(b) Private Income
(c) Personal Disposable Income
(d) None
Answer:
MCQS
(i) Compensation of employees includes ________.
(a) wages, salaries, fringe benefits, Social Security contributions, and health and pension plans .
(ii) The difference between the income received from abroad for rendering factor services by the normal residents of the country to the rest of the world and income paid for the factor services rendered by nonresidents in the domestic territory of a country is known as-------
(a) Net Factor Income from Abroad .
(iii) Suppose that in year 1 an economy produces 75 unit of apple that sell for $5 each and 100 mobile that sell for $6 each. The next year the economy produces 110 apple that sell for $3.75 each and 80 mobile that sell for $5 each. The real GDP is
(c) 1030 .
(iv) What of the following does NOT enter GDP?
(c) Life Expectancy.
(v) The sum of all kinds of income received by the individuals from all sources is called---------
(a) Personal Income.
Explanation:
1) Employee Compensation includes the salaries, wages, benefits, and other incentives paid to employees in exchange for their services to the company.
3) The Net factor income from abroad is the difference between the factor income earned from abroad by normal US residents and the factor income earned by non-residents (foreigners) in the US domestic territory.
4) The real GDP is the gross domestic product adjusted for the effect of inflation on prices. The real GDP for year 2 should be based on the prices of year 1 and is calculated as follows (110 * 5 + 80 * 6 = 1030).
5) Personal income is the sum of all kinds of income received by the individuals from all sources. It is used in the calculation of the US GDP. It is a subset of private income. Private income, which is broader than personal income, consists of personal income, profit tax, and undistributed profit.
1. If rs increases to 10%, what would be the value of the constant growth stock? (Note: D0 is $1.15 and the expected constant growth rate g = 4%.)
Answer: 19.93
Explanation:
The constant growth stock is $19.16. P = D/(r-g), where P is the current price, D is the next dividend to be paid, g is the expected dividend growth rate, and r is the required rate of return for the company.
What is a Constant growth rate?
A constant growth rate is defined as the average rate of return on investment over the time period required to achieve the total growth percentage that an investor seeks.
Given
Rate (r) = 10%
Growth (g) = 4%
Dividend (D) = $1.15
Required to calculate growth stock =?
growth stock P = D/(r-g)
growth stock = 1.15 / (10 - 4) = $19.16
Thus, the constant growth is $19.16. A constant growth rate is defined as the average rate of return on an investment during the time period required to achieve the total growth percentage desired by the investor.
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Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for next year. *Three pounds of raw material are needed to produce each unit of finished product. If Paradise Corporation plans to sell 545,000 units during next year, the number of units it would have to manufacture during the year would be:________
a) 492,000 units
b) 545,000 units
c) 575,000 units
d) 515,000 units
Answer: d. 515,000 units
Explanation:
If they plan to sell 545,000 units then given those beginning and ending balances of finished goods, they will have to manufacture;
= Sales + Ending balance - Beginning balance
= 545,000 + 63,000 - 93,000
= 515,000 units