Answer:
$39.25
Explanation:
Given that Interest earning = 3 percent
minimum balance = $450
average monthly balance = $900
monthly service charge = $11
Occurrence period = 5 times
Hence, Net annual cost = Service charges - Interest earnings
=> Service Charge = (5 × $11) - Interest earnings (7 / 12)(0.03 × $900)
= $55 - $15.75
= $39.25
Therefore, the final answer to this question is $39.25
Oligopolies would like to act like a Group of answer choices duopoly, but self-interest often drives them closer to the perfectly competitive outcome. competitive firm, but self-interest often drives them closer to the duopoly outcome. monopoly, but self-interest often drives them to charge a higher price than would be charged by a monopoly. monopoly, but self-interest often drives them closer to the perfectly competitive outcome.
Answer:
monopoly, but self-interest often drives them closer to the perfectly competitive outcome.
Explanation:
In the given situation, the oligopoly tried to act like the monopoly via collusion but at the same time they would tend to cheat that drives the profit and the price per unit is less also it acted as the competitive firm
so here the self-interest would also be drives them near to the perfectly competitive result
hence, the above represent the answer
Oligopolies would like to act like a monopoly, but self-interest often drives them closer to the perfectly competitive outcome. The correct option is d.
Oligopolies are a market structure with a small number of firms, none of which can keep the others from having significant influence. The concentration ratio measures the market share of the largest firms.
A monopoly is a market with only one producer, a duopoly has two firms, and an oligopoly consists of two or more firms. There is no precise upper limit to the number of firms in an oligopoly, but the number must be low enough that the actions of one firm significantly influence the others.
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You want to have $2.7 million when you retire in 37 years. You feel that you can save $600 per month until you retire. What APR do you have to earn in order to achieve your goal
Answer:
9.87%
Explanation:
Calculation to determine What APR do you have to earn in order to achieve your goal
$2.7 million = $600{[(1 + r)444 − 1] / r}
r = .0082*100
r=.82%
r = .82% × 12
r = 9.87%
Therefore the APR you have to earn in order to achieve your goal is 9.87%
The annual financial statements of a publicly held company has been auditied, and its interim financial statements have been reviewed. Which of the following is true about the applicaiton of professional standards to thie reiview?
a. Statements on Standards for Accounting and Review Services apply.
b. Both PCAOB standards and SSARS apply.
c. None of the above.
d. PCAOB standards apply
Answer: D. PCAOB standards apply
Explanation:
Based on the information given in the question, the statement that is true about the applicaiton of professional standards to thie review is that PCAOB standards apply.
The United States Public Company Accounting Oversight Board (PCAOB) simply refers to a a private sector, non-profit corporation, which was created by Sarbanes-Oxley Act of 2002, in order to oversee auditors in public companies so that the interests of investors can be protected and there can be a fair and informative audit reports.
Pug Corporation has 11,000 shares of $10 par common stock outstanding and 21,000 shares of $100 par, 5% noncumulative, nonparticipating preferred stock outstanding. Dividends have not been paid for the past two years. This year, a $165,000 dividend will be paid. What are the dividends per share for preferred and common, respectively
Answer:
the dividends per share for preferred and common is $5 and $5.45 respectively
Explanation:
The computation of the dividend per share for both stocks is as follows:
For preference one
= 5% of $100
= $5
And, for common one
= ($165,000 - (21,000 × 100 × 5%)) ÷ (11,000 shares)
= $5.45
hence, the dividends per share for preferred and common is $5 and $5.45 respectively
Supply chain management:is based on the concept of just-in-timefocuses on removing scheduling bottlenecks within the companyfocuses on the internal routing of products from raw materials to finished goodsis a complex computerized system for managing resources efficientlyis accurately described by none of the above
Answer:
is based on the concept of just-in-time.
Explanation:
Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers.
Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services from the manufacturers to the consumers.
Additionally, all businesses tend to use supply chain management to eliminate waste and maximize value for growth and development.
Hence, supply chain management is based on the concept of just-in-time (JIT) because it is a management framework that is focused on cutting manufacturing costs while increasing efficiency between suppliers and consumers through the use of a proper inventory system.
Zolezzi Inc. is preparing its cash budget for March. The budgeted beginning cash balance is $23,000. Budgeted cash receipts total $102,000 and budgeted cash disbursements total $97,000. The desired ending cash balance is $75,000. The company can borrow up to $110,000 at any time from a local bank, with interest not due until the following month.
Required:
Prepare the company's cash budget for March in good form. Make sure to indicate what borrowing, if any, would be needed to attain the desired ending cash balance.
Beginning cash balance
Add cash receipts
Total cash available
Less cash disbursements
Excess (deficiency) of cash available over disbursements
Borrowings
Ending cash balance
Answer:
$75,000
Explanation:
Preparation of the company's cash budget for March in good form
CASH BUDGET
for the month of march
Beginning cash balance $23,000.00
Add: cash receipts $102,000
Total cash available $125,000
Less: cash disbursements $97,000.00
Excess (deficiency) of cash available over disbursements $28,000
Borrowings $47,000
Ending cash balance $75,000.00
Therefore the company's cash budget for March in good form is $75,000
The Nathan's Company rents numerous properties throughout the year. Nathan's pays rents in advance in some cases, and in other cases rents are paid after the rental period expires. The following data are included in Nathan's December 31 balance sheets:
2015 2016
Prepaid rents. 70000 30000
Rents payable. 50000 35000
During 2016 nathan paid 200000 in rentals in its accrual basis income statement for the year ended dec 31 2016 nathan should report rent expense of:_____.
a. 225000.
b. 200000.
c. 145000.
d. 175000.
Answer:
b that is the answer hahahahah
A company reported total equity of $157,000 at the beginning of the year. The company reported $222,000 in revenues and $171,000 in expenses for the year. Liabilities at the end of the year totaled $98,000. What are the total assets of the company at the end of the year
Answer:
$306,000
Explanation:
The computation of the total assets is shown below;
The accounting equation is
Assets = Liabilities + Equity
But before that the ending equity should be determined
So,
Profit = Revenue - Expenses
= $222,000 - $171,000
= $51,000
Thus, equity at the end of the year is
= $157,000 + $51,000
= $208,000
Now Assets at the end of the year are,
Assets is
= $208,000 + $98,000
= $306,000
When you took over as the marketing manager for clothing manufacturer Harrison, it appeared that the existing social media strategy was not resonating with consumers so you launched a new interactive campaign inviting the brand's loyal fans to post pictures of themselves wearing Harrison merchandise. Which of the following would indicate that the user-generated content is getting a better response?
a. To date, nearly 3,000 users have posted photos or videos.
b. User-generated posts typically get at least 50 "likes" each.
c. Your conversion rate has been averaging 2-3 percent.
d. You've seen a 7-percent increase in online sales.
Answer: You've seen a 7-percent increase in online sales.
Explanation:
A 7-percent increase in online sales will iindicate that the user-generated content is getting a better response.
Option A is Incorrect as 3,000 users posting photos or videos doesn't indicate that there social media strategy used is working for the company.
Option B and C isn't correct as well. Option D shows that the social media strategy is having a positive impact as there's an increase in sales.
Lynx Corp. The data presented below for Lynx Corp. are for the year ended December 31, 2017: Sales (100% on credit) $1,000,000 Sales returns 30,000 Accounts receivable (December 31, 2017) 170,000 Allowance for doubtful accounts (credit balance) (before adjustment at December 31, 2017) 1,300 Estimated amount of uncollectible accounts based on aging analysis 14,000 See the data for Lynx Corp. If Lynx Corp. uses the aging of accounts receivable approach to estimate its bad debts, what amount will be reported as bad debts expense for 2017
Answer:
Allowance for Doubtful Accounts 69,000
Explanation:
If the company estimates its bad debt to be 2% of net credit sales:
sales 2,500,000
return and allowance (50,000)
net sales 2,450,000
Then, we calculate 2% of this amount:
2,450,000 x 0.02 = 49,000
As the uncollectible amounts are related to sales rather than account receivable we adjust for the full value giving an ending value of:
beginning 20,000 + adjustment 49,000 = 69,000
Use the following stockholders' equity section of Marcy Company on December 31, 2004 to answer questions 45 through
50. Treat each question independent of the other questions - so your answer to question 46 should not be influenced by the
answer to question 45, and so on:
Preferred Stock - 6% cumulative, $20 par value, 10,000 shares authorized, 5,000 shares issued and outstanding . . $100,000
Contributed Capital in excess of par value, Preferred Stock . . 250,000
Common Stock, $5 par value, 20,000 shares authorized, 10,000 shares issued and outstanding. . . . . . . . . . 50,000
Contributed Capital in excess of par value, Common Stock . .450,000
Total Contributed Capital . . . . . . . . . . . . $ 850,000
Retained Earnings . . . . . . . . . . . . . . . . . 150,000
Total Stockholders' Equity . . . . . . . . . . . .$ 1,000,000
45. The average issue price per share of preferred stock must have been:
A) $20.00
B) $50.00
C) $70.00
D) $35.00
E) $45.00
46. Marcy Company did not pay any dividends in 2004. In 2005, they declared and paid total dividends of $4,000, and in 2006, they declared total dividends of $20,000. How much dividends will be paid to preferred and common stockholders in 2006?
A) Preferred $20,000, Common $0
B) Preferred $8,000, Common $12,000
C) Preferred $18,000, Common $2,000
D) Preferred $14,000, Common $6,000
E) Preferred $12,000, Common $8,000
47. Marcy Company issues 2,000 shares of common stock in exchange for a building, with a market value of $100,000.
The journal entry to record the exchange will cause Total Contributed Capital to:________
A) increase by $10,000
B) increase by $100,000
C) increase by $90,000
D) increase by $80,000
E) remain unchanged
48. Marcy Company declared and issued a 15% common stock dividend on January 1, 2005, when the market price of their common stock was $12 per share. The journal entry to record the stock dividend will:_____________
A) debit Retained Earnings by $18,000.
B) credit Common Stock Dividend Distributable, $15,000
C) credit Contributed Capital in excess of par, Common Stock, $21,000
D) credit Common Stock Dividend Distributable, $10,500
E) credit Contributed Capital in excess of par, Common Stock, $7,500
49. Marcy Company declared a 100% common stock dividend on January 1, 2005, when the market price of the stock was $7.50. The entry to record this dividend will:_________
A) debit Retained Earnings,$100,000
B) credit Common Stock Dividend Distributable,$50,000
C) credit Contributed Capital in excess of par, Common Stock, $25,000
D) credit Common Stock Dividend Distributable, $100,000
E) Since this is considered a stock split, no journal entry is made
50. On January 1, 2005, Marcy Company purchased 1,000 shares of its own common stock for $22,000. On February 1, 2005, they sold 600 of these shares for $25 per share, and on March 1, 2005, they sold the remaining 400 shares for
$15 per share. The journal entry required on March 1 will include:_______
A) credit Contributed Capital, Treasury Stock, $1,800
B) debit Retained Earnings for $1,800
C) debit Retained Earnings for $2,800
D) debit Contributed Capital, Treasury Stock, $2,800
E) debit Contributed Capital, Treasury Stock, $1,80040.
Answer:
Marcy Company
45. The average issue price per share of preferred stock must have been:
C) $70.00
46. The dividends paid to preferred and common stockholders in 2006 are:
B) Preferred $8,000, Common $12,000
47. The journal entry to record the exchange will cause Total Contributed Capital to:________
C) increase by $90,000
48. The journal entry to record the stock dividend will:_____________
A) debit Retained Earnings by $18,000.
49. The entry to record this dividend will:_________
B) credit Common Stock Dividend Distributable,$50,000
C) credit Contributed Capital in excess of par, Common Stock, $25,000
50. The journal entry required on March 1 will include:
Debit Cash $6,000
Credit Treasury stock $2,000
Credit Contributed Capital in excess of par value $4,000
Explanation:
a) Data and Calculations:
Preferred Stock:
6% cumulative, $20 par value, 10,000 shares authorized,
5,000 shares issued and outstanding . . $100,000
Contributed Capital in excess of par value, Preferred Stock . . 250,000
Common Stock:
$5 par value, 20,000 shares authorized,
10,000 shares issued and outstanding. . . . . . . . . . 50,000
Contributed Capital in excess of par value, Common Stock . .450,000
Total Contributed Capital . . . . . . . . . . . . $ 850,000
Retained Earnings . . . . . . . . . . . . . . . . . 150,000
Total Stockholders' Equity . . . . . . . . . . . .$ 1,000,000
Average issue price per share of preferred stock = $70 ($100,000 + $250,000)/5,000
2005 2006
Total dividends declared $4,000 $20,000
Preferred dividend 6,000 6,000
Cumulative dividend -2,000 2,000
Common stock dividend $0 $12,000
Journal Entry:
Debit Building $100,000
Credit Common stock $10,000
APIC - common stock $90,000
January 1, 2005: Treasury stock $5,000 Contributed Capital in excess of par value $17,000 Cash $22,000
February 1, 2005: Cash $15,000 Treasury stock $3,000 Contributed Capital in excess of par value $12,000
March 1, 2005: Cash $6,000 Treasury stock $2,000 Contributed Capital in excess of par value $4,000
Ryan's Sparkling Jewels estimated its payroll for the coming year to be $84,000. Its workers' compensation insurance premium rate of 0.6% is paid at the beginning of each quarter
Required:
1. Calculate the estimated cost of workers' compensation insurance for the year.
2. Show the journal entry for the first quarterly payment on January 2, 20.
3
a. Assume Ryan's actual payroll for the year was $89,000. Calculate the additional premium owed for 20--.
b. Assume Ryan's actual payroll for the year was $89,000. Record the adjustment needed on December 31, 20--. The actual payment of the additional insurance premium will not take place until January of the following year.
Answer:
Following are the responses to the given choice:
Explanation:
Please find the solution in the attached file.
Pearson Motors has a target capital structure of 45% debt and 55% common equity, with no preferred stock. The yield to maturity on the company's outstanding bonds is 12%, and its tax rate is 25%. Pearson's CFO estimates that the company's WACC is 12.20%. What is Pearson's cost of common equity
Answer:
14.82 %
Explanation:
WACC = Cost of equity x Weight of equity + Cost of Debt x Weight of Debt
where,
After tax cost of debt = Interest x (1 - tax rate)
= 12 % x (1 - 0.25)
= 9 %
therefore,
Let the Cost of equity be Ce
12.20% = Ce x 0.55 + 9 % x 0.45
12.20% = 0.55 Ce + 4.05
Ce = 14.82 %
thus
Pearson's cost of common equity is 14.82 %
Bob writes a check to cash for $1000 to pay a bill from Acme. He then finds out that Acme breached the contract so he decides he will not pay them and puts a stop payment on the check. However, the check is stolen by Theron Thief (and Bob was not negligent) who then gives it to his landlord, Larry Landlord, who Theron already owes $1000. If Larry does not know about the theft or any problems with the instrument, what is the status of Larry:
Answer:
Holder in due course
Explanation:
A holder in due course arise when someone accepted the negotiable instrument for exchange in the value without any kind of reason. In this, there is a right for claim the value of an instrument that oppose to the orginator and the intermediate holders
So as per the given situation, Lary is holder in due case as he is holding the check in the good faith also he is not aware of the last theft
In a completely randomized experimental design involving five treatments, 13 observations were recorded for each of the five treatments (a total of 65 observations). Also, the design provided the following information.
SSTR = 300 (Sum of Squares Due to Treatments)
SST = 800 (Total Sum of Squares)
1. The number of degrees of freedom corresponding to within-treatments is:___________.
a. 5.
b. 59.
c. 4.
d. 60.
2. The mean square due to error (MSE) is:_________.
a. 200.
b. 500.
c. 8.3.
d. 75.
3. The null hypothesis is to be tested at the 5% level of significance. The null hypothesis:________.
a. should be rejected.
b. should not be rejected.
c. was designed incorrectly.
d. cannot be tested.
4. The mean square due to treatments (MSTR) equals:_______.
a. 500.
b. 400.
c. 1350.
d. 1687.5.
1. The number of degrees of freedom corresponding to within-treatments is: 60. Option D
2. The mean square due to error (MSE) is: 8.3. Option C
3. The null hypothesis is to be tested at the 5% level of significance. The null hypothesis should be rejected. Option A
4. MSTR is 75
How to solve for the degree of freedomDf = n - k
n = total observation
k = treatment
Df = 65 - 5
= 60
The mean square error is given as
MSE = SSE / DF
= 800 - 300 / 60
500 / 60
= 8.3
3) From the use of technology, the value of the P Value is given as 0.0000 the p value is less than the significance level. We have to reject the null.
4. The MSTR is given as 75. SSTR / DF
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The following information relates to the Stockton Company:Paid note payable$ 150Bought equipment260Depreciation expense500Net income6,000Paid dividends500Issued bonds payable1,100Issued common stock900Sold land2,400What is the net cash provided by financing activities
Answer:
$1,350
Explanation:
Financing Activities are those activities that involve raising capital or debt as well as repayment to holders of such instruments.
Cash flow from financing activities :
Paid note payable ($150)
Paid dividends ($500)
Issued bonds payable $1,100
Issued common stock $900
Net cash provided by financing activities $1,350
therefore,
the net cash provided by financing activities is $1,350
Fed up with her working conditions at the university, Juanita decides to invest in a state-of-the-art sewing machine and produce limited quantities of her own clothing designs. After a few months of operation, she decides to apply some of the forecasting techniques she mastered in school. Which of these statements about her forecasts is correct?
a. Her forecasts will probably be 100% accurate.
b. Her demand forecasts for a year from now will probably be more accurate than her demand forecasts for three months from now.
c. Her demand forecasts for each style of skirt will be more accurate than her demand forecasts for all skirts.
d. The best way for her to determine the amount of fabric she needs is to forecast it based on her customer orders for each type of skirt.
Answer:
Juanita
The correct statement about her forecasts is:
c. Her demand forecasts for each style of skirt will be more accurate than her demand forecasts for all skirts.
Explanation:
Since she has produced limited quantities of her own clothing designs, Juanita is in a better position to determine the demand for each style of skirt that she had produced. This knowledge, which she acquired after a few months of operation, coupled with the forecasting techniques she had mastered in school, will enable her to make a demand forecast for her particular designs than she can make for all design types of skirts.
You're prepared to make monthly payments of $380, beginning at the end of this month, into an account that pays 5 percent interest compounded monthly. How many payments will you have made when your account balance reaches $24,391
Answer:
the nper is 57 months
Explanation:
The computation of the time period is given below:
Given that
PMT is $380
RATE = 5% ÷ 12 = 0.416666%
PV = $0
FV = $24,391
The formula is shown below
=NPER(RATE,PMT,FV,PV,TYPE)
After applying the above formula, the nper is 57 months
Nov. 5 Purchased 600 units of product at a cost of $10 per unit. Terms of the sale are 2/10, n/60; the invoice is dated November 5.
Nov. 7 Returned 25 defective units from the November 5 purchase and received full credit.
Nov. 15 Paid the amount due from the November 5 purchase, minus the return on November 7.
Required:
Prepare the journal entries to record each of the above purchases transactions of a merchandising company.
Answer:
Journal Entries:
Nov. 5: Debit Inventory $6,000
Credit Accounts payable $6,000
To record the purchase of 600 units of a product at a cost of $10 per unit.
Terms of the sale are 2/10, n/60
Nov. 7: Debit Accounts payable $250
Credit Inventory $250
To record the return of 25 defective units.
Nov. 15: Debit Accounts payable $5,750
Credit Cash Discounts $115
Credit Cash $5,635
To record the payment for the purchase.
Explanation:
a) Data and Analysis:
Nov. 5: Inventory $6,000 Accounts payable $6,000
Terms of the sale are 2/10, n/60; the invoice is dated November 5.
Nov. 7: Accounts payable $250 Inventory $250
Nov. 15: Accounts payable $5,750 Cash Discounts $115 Cash $5,635
A firm's current profits are $400,000. These profits are expected to grow indefinitely at a constant annual rate of 4 percent. If the firm's opportunity cost of funds is 6 percent, determine the value of the firm: Instructions: Enter your responses rounded to one decimal place. a. The instant before it pays out current profits as dividends. $ million b. The instant after it pays out current profits as dividends. $ million
Answer:
A. $21,200,000
B. $20,800,000
Explanation:
A. Calculation to determine The instant before it pays out current profits as dividends
Value of the firm =[(Current profits) × (1 +Opportunity cost of funds)} ÷ (Opportunity cost of funds - Constant growth annual rate)
Let plug in the formula
Value of the firm= [($400,000) × (1 + 0.06)]÷ (0.06 - 0.04)
Value of the firm= [($400,000) × (1.06)]÷0.02
Value of the firm= $424,000 ÷ 0.02
Value of the firm= $21,200,000
Therefore The instant before it pays out current profits as dividends will be $21,200,000
B. Calculation to determine The instant after it pays out current profits as dividends
Using this formula
Value of the firm =[(Current profits) × (1 +Constant growth annual rate)} ÷ (Opportunity cost of funds - Constant growth annual rate)
Let plug in the formula
Value of the firm= [($400,000) × (1 + 0.04)] ÷ (0.06 - 0.04)
Value of the firm= [($400,000) × (1.04)] ÷ (0.06 - 0.04)
Value of the firm= $416,000 ÷ 0.02
Value of the firm= $20,800,000
Therefore The instant after it pays out current profits as dividends will be $20,800,000
To open and operate Boo! City, a Halloween costume and paraphernalia shop, Dwayne and Erica form a business organization that combines the limited liability aspects of a corporation with the tax advantages of a partnership. Their form of business organization is
Answer:
a limited liability company.
Explanation:
From the question we are informed about To open and operate Boo! City, a Halloween costume and paraphernalia shop, Dwayne and Erica form a business organization that combines the limited liability aspects of a corporation with the tax advantages of a partnership. In this case, Their form of business organization is limited liability company.limited liability company can be regarded as business structure in which owners are not personally liable as regards to debts or liabilities of the company.It is hybrid entities with features of corporation and partnership as well as sole proprietorship.
Keating Co. is considering disposing of equipment with a cost of $63,000 and accumulated depreciation of $44,100. Keating Co. can sell the equipment through a broker for $26,000 less 8% commission. Alternatively, Gunner Co. has offered to lease the equipment for five years for a total of $47,000. Keating will incur repair, insurance, and property tax expenses estimated at $10,000 over the five-year period. At lease-end, the equipment is expected to have no residual value. The net differential income from the lease alternative is
Answer:
$11,080
Explanation:
Calculation to determine what The net differential income from the lease alternative is
Using this formula
Equipment leased net differential income = Lease amount - Estimated expenses - Net sale of equipment
Let plug in the formula
Equipment leased net differential income= $47,000-$10,000-[$26,000-($26,000*8%)]
Equipment leased net differential income=$47,000-$10,000-($26,000-$2,080)
Equipment leased net differential income=$47,000-$12,000-$23,920
Equipment leased net differential income=$47,000-$35,920
Equipment leased net differential income=$11,080
Therefore The net differential income from the lease alternative is $11,080
Read the scenario carefully and provide your response regarding the organizational structure and culture in the fictional organization provided below.
Scenario:
An industry consulting firm has the following structure and culture:
All the employees at this consulting firm work full-time. All the full-time consultants report to various industry directors depending on the industry contract. The company employees work mostly from home with directors or consultants renting temporary office space with or without videoconferencing when needed for either client meetings or vendor meetings. The company is very successful and has an expanding client base. The company CEO is extremely relaxed and extremely smart and expects everyone at the company to display a relaxed yet expert demeanor as well. There really are very few rules or expectations at the company as the CEO also believes in keeping processes very simple. The previous president retired about six months ago, and the CEO, together with a human resources firm, hired a new president. About two months ago the companyâs employees (i.e., consultants) started receiving emails from the new president putting pressure on all of them to produce results in less time but pressuring them to charge the clients higher sums without making any more money for themselves. In addition, the new president wants the staff to come into the office now three times a week for meetings. Three months ago the new president hired thirty new full-time consultants that seem more like salespersons than consultants to existing employees. A few of the long-time consultants have been emailing the CEO about these changes and suggesting they may go elsewhere. In the meantime, the Finance Director has detected several anomalies in the contract terms and financial results from some of the new consultants and one or two of the existing consultants.
a. Describe the organizational structure at this consulting firm and how it affects employee behavior.
b. Describe how the changes to the organizationâs culture might affect employee behavior.
c. Provide a recommendation for any adjustments you think need to be made at this organization based on the Reading and explain why?
Answer:
The response to the given question can be defined as follows:
Explanation:
This organizational structure is flat and also has a strongly attributed. Its flat culture gives experts the chance to be innovative and boost productivity. Its freedom to work or to work allowed its productivity to be enhanced. It kept them in touch with it and allowed them t stay tuned to a consultation environment. This change has caused confusion amongst this personnel and they are frustrated with the change. You've begun to approach the CEO. It indicates that they're not really happy and that the change is not welcomed. They have dismantled a whole manner for working. The company should communicate its objectives to its employees and also develop an acceptable way of working. All they need to grasp here is that before the new President has been hired, people already exist inside a specific method of work and culture. When the changes are required, an organization as a whole must be discreet and agreeable to enable the implementation easier. The manager should develop a seamless transition–
Email the staff and express your view.Include a career strategy and schedule certain objectives.Identify modifications and also be receptive to input. Not that every modification done provides the best outcomes.It ensures the restoration of the inclusive community, as well as the manner of work and objectives, are altered still.
In fiscal year 2008, the U.S. government ran a deficit of about $459 billion. In fiscal year 2009, the government ran a deficit of about $1,413 billion. If there is crowding out, this change would be expected to have
Answer:
increased interest rates and decreased private investment.
Explanation:
decreased interest rates and private investment.
decreased interest rates and increased private investment.
increased interest rates and private investment.
Crowding out is when increased government borrowing leads to an increase in interest rate and this discourages private spending
governemnt borrowing occurs as a result of the government running a deficit
A company's sales in Year 1 were $440,000 and in Year 2 were $477,500. Using Year 1 as the base year, the percent change for Year 2 compared to the base year is
Answer:
An apple, potato, and onion all taste the same if you eat them with your nose plugged
Explanation:
In a competitive market with a linear upward-sloping supply curve and a linear downward-sloping demand curve, the government imposes a $10 tax per unit bought and sold. The tax causes the equilibrium quantity to fall from 89 units to 77 units. The deadweight :_______
Answer:
$105
Explanation:
Missing word "The deadweight loss of this tax is...?"
Change in price = $10
Original quantity = 89 units
New quantity = 77 unit
Change in quantity= 89 units-77 units = 12 units
Dead-weight loss = 1/2 * Change in price * Change in quantity
Dead-weight loss = 1/2 * $10 * $21
Dead-weight loss = $105
Therefore, the dead-weight loss of this tax is $105.
A recent college graduate has obtained employment at a major financial institution in the big city. Since she just graduated, she has decided to continue to rent her college apartment in the suburbs and make the daily commute to the big city for work. She currently pays $1,200 per month to rent an apartment in the suburbs. She works at the bank five days a week and it takes her one hour each way to commute from her home to her office. According to the assumptions of the bid-rent model, what should this recent grad be willing to pay in rent per month to live in the big city if her hourly wage rate is $25
Answer:
$2,200
Explanation:
Calculation to determine what should this recent grad be willing to pay in rent per month
First step is to calculate the work days
Using this formula
Work days = 5 days per week x 1 hour to work+ 1 hour from work
Let plug in the formula
Work days = 5 days a week x 2 hours
Work days= 10 hours
The second step is to calculate the monthly commuting in a standard month of 4 weeks
Monthly commuting = 4 x 10 hours
Monthly commuting = 40 hours
Third step is to calculate hourly how much she will be able to maximize
Amount maximize = $25 x 40 hours (commuting hours)
Amount maximize= $1,000
Now let determine The total she will be willing to pay in rent
Rent per month= $1,200 + $1,000
Rent per month=$2,200
Therefore what should this recent grad be willing to pay in rent per month is $2,200
Soliman Corporation began the year 2018 with 25,000 shares of common stock and 5,000 shares of convertible preferred stock outstanding. On May I, an additional 9,000 shares of common stock were issued. On July I, 6,000 shares of common stock were acquired for the treasury. On September I, the 6,000 treasury shares of common stock were issued. The preferred stock has a $4 per-share dividend rate, and each share may be converted into two shares of common stock. Soliman Corporation's 2018 net income is $230,000.
Required:
a. Compute earnings per share for 2018.
b. Compute diluted earnings per share for 2018.
Answer and Explanation:
The computation of the earning per share and the diluted earning per share is as follows;
a. The earning per share is
= (Net income - Preferred dividend) ÷ outstanding shares
= ($230,000 - (5,000 × $4)) ÷ 30,000 shares
= $210,000 ÷ 30,000 shares
= $7 per share
b. The diluted earning per share is
= Earnings ÷ outstanding shares
= $230,000 ÷ (30,000 + (5,000 × 2)
= $5.75 per share
The 30,000 shares come from
Period Outstanding shares Fraction outstanding shares
1-Jan-18 to 30-Apr-18 25000 4 ÷12 8333.33
1-May-18 to 30-Jun-18 34000 2÷ 12 5666.67
1-Jul-18 to 31-Aug-18 28000 2 ÷ 12 4666.67
1-Sep-18 to 31-Dec-18 34000 4 ÷ 12 11333.33
Weighted average outstanding shares 30000
When rival firms compete aggressively by trying to attract competitors' customers, this might be an indication of: a. increasing economies of scale. b. slow industry growth. c. an industry with low exit barriers. d. high switching costs.
Answer:
b. slow industry growth.
Explanation:
Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.
This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.
Generally, when rival business firms compete aggressively by trying to attract competitors' customers, this might be an indication of slow industry growth.
In conclusion, the various companies or business firms are experiencing a low level of sales of their goods and services. As a result, they engage in activities that would attract potential customers and by extension their competitors' customers.
Tidy Service Company performed cleaning services during December 2019, but had not collected any cash from its customers as of December 31, 2019. What impact did performing these services have on the accounting equation
Answer:
The service increased assets and increased stockholders' equity
Explanation:
Based on the information given the impact that
did performing these services have on the accounting equation will be THE SERVICE INCREASED ASSETS AND INCREASED STOCKHOLDERS' EQUITY reason been that
when Performing the services will help to generate revenue,