Answer:nnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnnioce
Explanation:
The best research in marketing is qualitative research. Through close observation or in-person interactions, qualitative market research determines consumer motivation. While quantitative research primarily focuses on what customers do, qualitative research focuses on why they behave the way they do.
What is the concept of the excerpt?This is an important goal of qualitative research since it allows for a deeper knowledge of consumer motivation and emotion. The qualitative method is most suited for marketing since it will enable us to comprehend why a customer chooses to use a specific brand of good and what drives them to have a need for that good.
A quantitative market study involves gathering information through polling, surveys, and other means. By giving them questionnaires or conducting direct interviews, you can gather information on how consumers behave in relation to the demand for a particular good using this strategy.
Thus, The best research in marketing is qualitative research.
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Salt Foods purchases forty $1,000, 7%, 10-year bonds issued by Pretzelmania, Inc., for $37,282 on January 1. The market interest rate for bonds of similar risk and maturity is 8%. Salt Foods receives interest semiannually on June 30 and December 31.
1. Record the investment in bonds.2. Record receipt of the first interest payment on June 30.
Answer and Explanation:
The journal entries are shown below;
a. Investment Dr $37,282
To Cash $37,282
(being the investment in bonds is recorded)
b.
Cash (($1,000 × $40) × 0.07 × 6 ÷ 12) $1,400
Investment $91
To interest revenue ($37,282 ×8% × 6 ÷ 12) $1,491
(Being the first interest payment is recorded)
According to the path-goal theory, employees with an internal locus of control should prefer a leader who is __________.
Answer:
Participative
Explanation:
The path-goal theory can be regarded as one that describes the behavior of a leader son that is contingent to the satisfaction, performance of their employees and to motivation. The job of manager is been viewed as activities to guide workers so they can choose the best paths in order to
reach their goals and goals of the
corporation. Participative leadership can be regarded as style of leadership whereby every members of the organization work hand in hand in making decisions.
It should be noted that According to the path-goal theory, employees with an internal locus of control should prefer a leader who is Participative.
Which of the following is not a characteristic of a limited liability company?
Oa. limited legal liability
Ob. unlimited life
Oc. moderate ability to raise capital
O d. taxable
<
Answer: C.
Explanation:
The lowest total process cost
Answer:
hope it is helpful to you.....
East Coast Cleaners borrows $20,000 for 120 days and pays $400 interest. What is the effective rate of interest if the loan is discounted
According to the question, the effective rate of interest if the loan is discounted is more than 6% but less than 6.5%.
What do you mean by the effective rate of interest?The effective interest rate, often referred to as the yearly equivalent rate, is the amount of interest that a person actually pays or earns on a financial instrument.
It is determined by taking into account the impact of compounding over time.
When the benefits of compounding over time are taken into account, the real return on a savings account or any other interest-paying investment is known as the effective annual interest rate.
It also displays the actual percentage rate of interest owed on any outstanding debts, including credit card debt and loans.
Therefore, according to the question, the effective rate of interest if the loan is discounted is more than 6% but less than 6.5%.
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The following represents the probability distribution for the daily demand of microcomputers at a local store. Demand Probability 0 .1 1 .2 2 .3 3 .2 4 .2 The expected daily demand is _____. a. 4 b. 2 c. 2.2 d. 1.0
Answer:
2.2
Explanation:
to get the expected daily demand we have to multiply each daily demand by their probability distribution and sum up the results
0 * 0.1 = 0
1 * 0.2 = 0.2
2 * 0.3 = 0.6
3 * 0.2 = 0.6
4 * 0.2 = 0.8
0 + 0.2 + 0.6 + 0.6 +0.8 = 2.2
From this calculation above, the expected daily demand has been summed up to 2.2
Marla often critiques team ideas and thinks her boss could do a better job of leading. However, she rarely ever helps on the large departmental project and seems to do the bare minimum of her work. She is likely which type of follower
Answer:
Marla is an alienated and toxic type of follower.
Explanation:
Marla is clearly an alienated follower because she distances herself from the organization. As an alienated follower, she is disengaged from her organization and tasks. In addition, she is skeptical, cynical, and too critical. She does not support her team on any project. Instead, she delights in castigating the leadership. She can negatively influence others, dampening team spirit.
For each of the following transactions, select the account to be debited and the account to be credited in the general journal.
a. Invested cash in the business, $5,000.
b. Paid office rent, $500.
c. Purchased office supplies on account, $300.
d. Received cash for services rendered (fees), $400.
e. Paid cash on account, $50.
f. Rendered services on account, $300.
g. Received cash for an amount owed by a customer, $100.
Answer:
a. Dr Cash
Cr Capital
b. Dr Cash
Cr Rent
c. Dr Office supplies
Cr Accounts Payable
d. Dr Cash
Cr Accounts Receiveble
e. Dr Cash
Cr Accounts Receiveble
f. Dr Accounts Receiveble
Cr Services
g. Dr Cash
Cr Accounts Receiveble
Explanation:
Based on the information given the account to be debited and the account to be credited in the general journal will be:
a. Dr Cash
Cr Capital
b. Dr Cash
Cr Rent
c. Dr Office supplies
Cr Accounts Payable
d. Dr Cash
Cr Accounts Receiveble
e. Dr Cash
Cr Accounts Receiveble
f. Dr Accounts Receiveble
Cr Services
g. Dr Cash
Cr Accounts Receiveble
Sheila purchases $184,000 of newly issued Gingo Corporation bonds for $165,600. The bonds have original issue discount (OID) of $18,400. After Sheila amortized $8,280 of OID and held the bonds for four years, she sold the bonds for $174,800. What is the amount and character of her gain or loss
Answer:
the gain on the sale of land is $920
Explanation:
The calculation of the amount and character of her gain or loss is given below
The adjusted basis is
= Issued price + amortized discount
= $165,600 + $8,280
= $173,880
Now the gain on sale is
= Sale price - adjusted basis
= $174,800 - $173,880
= $920
Hence, the gain on the sale of land is $920
On December 31, the Accounts Receivable ending balance is $80,000. Assume that the unadjusted balance of Allowance for Uncollectible Accounts is a debit of $500 and that the company estimates 7% of the accounts receivable will not be collected. The amount of bad debt expense recorded on December 31 will be:
Answer:
$6,100
Explanation:
Calculation to determine what The amount of bad debt expense recorded on December 31 will be:
Using this formula
Bad debt expense=(Estimated % of accounts receivable*Accounts Receivable ending +balance)+Unadjusted balance of Allowance for Uncollectible Accounts
Let plug in the formula
Bad debt expense=(7%*$80,000)+$500
Bad debt expense=$5,600+$500
Bad debt expense=$6,100
Therefore The amount of bad debt expense recorded on December 31 will be:$6,100
As a manager, you have been asked to work with your employees to develop goals. What can you expect from this process? Check all that apply.
A: The advantages of setting goals and making plans always outweigh the disadvantages for every organization in any environment.
B: When deciding whether goals and plans will be beneficial, managers should consider whether the environment is more stable or more dynamic.
C: Planning can harm an organization because it distracts employees from important outcomes.
D: A benefit of goals is that they help motivate employees.
Answer:
If you can choose more than 1 answer I would choose these B and D
As a manager, when you have been asked to work with your employees to develop goals, the expectations from this process is
When deciding whether goals and plans will be beneficial, managers should consider whether the environment is more stable or more dynamic.A benefit of goals is that they help motivate employees.Thus options B and D are correct.
What is Manager?A manager is refer to an individual in an organization who is responsible for coordinating and controlling the functions of the organization and helps to perform business activities smoothly and timely.
When a manager is asked to work with employees to develop business goals this will appear as an increased motivation among employees as they feel valued for their contribution to goal setting will be taken.
As culture has a vital influence on growth and development, managers should pay attention to the environment when determining if goals and plans would be beneficial.
Therefore, options B and D are the appropriate answers.
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Titan Fishing Boats had product sales for the current year as follows: Q1 2,000 boats; Q2 2,400 boats; Q3 1,800 boats; Q4 1,200 boats. Current selling price is $5,000 per boat. A strong economy and specific market initiatives at Titan for next year indicate that sales volume is expected to increase by 2% per quarter cumulatively for each quarter and sales price will increase by 4% per boat. The sales revenue forecast for Q4 next year would be:
Answer:
Titan Fishing Boats
The sales revenue forecast for Q4 next year would be
= $6,364,800
Explanation:
a) Data and Calculations:
Current Year Next Year
Q1 2,000 boats 2,040 boats (2,000 * 1.02)
Q2 2,400 boats 2,448 boats (2,400 * 1.02)
Q3 1,800 boats 1,836 boats (1,800 * 1.02)
Q4 1,200 boats 1,224 boats (1,200 * 1.02)
Expected increase per quarter = 2% cumulatively
Selling price per boat = $5,000
Expected increase in selling price = 4% ($200)
New selling price per boat = $5,200
The sales revenue forecast for Q4 next year would be = $6,364,800 ($5,200 * 1,224)
You plan to deposit $5,200 at the end of each of the next 15 years into an account paying 11.3 percent interest. a. How much will you have in your account if you make deposits for 15 years
Answer:
Amount after 15 years = 183255.011
Explanation:
Below is the calculation to find the amount after 15 years:
Annuity amount or early deposited amount = $5200
Time period = 15 years
Interest rate = 11.3 %
Now we have to find the amount after 15 years:
Amount after 15 years = Annuity [((1 + r)^n - 1) / r ]
Amount after 15 years = 5200 [((1 + 11.3)^15 - 1) / 11.3% ]
Amount after 15 years = 183255.011
Phillips Company bought 30 percent ownership in Jones Bag Company on January 1, 20X1, at underlying book value. During the period of January 1, 20X1, through December 31, 20X3, the market value of Phillips' investment in Jones' stock increased by $1,500 each year. In 20X1, 20X2, and 20X3, Jones Bag reported the following:
Year Net Income Dividends
20X1 $8,000 $15,000
20X2 12,000 10,000
20X3 20,000 10,000
The balance in Phillips Companyâs investment account on December 31, 20X3, was $54,000.
Required
In each of the following independent cases, determine the amount that Phillips paid for its investment in Jones Bag stock assuming that Phillips accounted for its investment using the ( a ) cost method and ( b ) equity method.
Answer:
1. Fair value
Particulars Amount$
Investment on December 31,20X3 54,000
Less: Increase for 20X1 -1,500
Less: Increase for 20X2 -1,500
Less: Increase for 20X3 -1,500
Amount that phillips paid for Investment $49,500
2. Equity Method
Particulars Amount$
Investment on December 31, 20X3 54,000
Add: Dividend share for 20X1 4,500 (15000*30%)
Add: Dividend share for 20X2 3,000 (10000*30%)
Add: Dividend share for 20X3 3,000 (10000*30%)
Less: Net Income share for 20X1 -2,400 (8000*30%)
Less: Net Income share for 20X2 -3,600 (12000*30%)
Less: Net Income share for 20X3 -6,000 (20000*30%)
Amount that phillips paid for Investment $52,500
FIllmore Company began operations on Sept. 1 by purchasing $4,400 of inventory and $750 of cleaning supplies. During the month, the company generated $6,000 of sales revenue. On Sept. 30, the company had $1,800 of inventory remaining, along with $550 of cleaning supplies. What was FIllmore Company's gross profit for the month of September?
Answer: $3,400
Explanation:
Gross Profit = Sales revenue - Cost of Goods sold
Cost of good sold = Opening stock + Purchases of inventory - Closing stock of inventory
= 0 + 4,400 - 1,800
= $2,600
Gross Profit = 6,000 - 2,600
= $3,400
In a recent year, BMW sold 216,944 of its 1 Series cars. Assume the company expected to sell 225,944 of these cars during the year. Also assume the budgeted sales price for each car was $30,000, and the actual sales price for each car was $30,200. Compute the sales price variance and the sales volume variance.
Answer:
Sales price variance = $43,388,800 Favorable
Sales volume variance = -$270,000,000 Unfavorable
Explanation:
Actual sales price per unit = $30,200
Budgeted sales price per unit = $30,000
Actual quantity sold = 216,944
Budgeted quantity to sell = Expected quantity to sell 225,944
Therefore, we have:
Sales price variance = (Actual sales price per unit - Budgeted sales price per unit) * Actual quantity sold = ($30,200 - $30,000) * 216,944 = $43,388,800 Favorable
Sales price variance is favorable because actual sales price per unit is greater than budgeted sales price per unit.
Sales volume variance = (Actual quantity sold - Budgeted quantity to sell) * Budgeted sales price per unit = (216,944 - 225,944) * $30,000 = -$270,000,000 Unfavorable
Sales volume variance is unfavorable because actual quantity sold is less than budgeted quantity to sell.
Perggy's Bakes, a bakery in New Orleans that exclusively sells its confectionery products online, makes its products only when it receives an order. The bakery produces the products as per the order and delivers to the customer's homes. It does not produce any excess products. In the given scenario, the price associated with the demand and supply of the products at Perggy's Bakes reflects the _____. a. equilibrium price b. skimmed price c. grounded price d. parity price
Answer:
A)equilibrium price
Explanation:
From the question we are informed about Perggy's Bakes, a bakery in New Orleans that exclusively sells its confectionery products online, makes its products only when it receives an order. The bakery produces the products as per the order and delivers to the customer's homes. It does not produce any excess products. In the given scenario, the price associated with the demand and supply of the products at Perggy's Bakes reflects the equilibrium price. The equilibrium price can be reffered to as only price in which both desires of consumers and that of producers agree, this can be explained as a situation where by quantity demanded is been equal to quantity supplied. The theory stressed that movement of market tends toward this price, it can also be regarded as "market-clearing price"
What is the current value of a $1,000 bond with a 8% annual coupon rate (paid semi-annually) that matures in 8 years if the appropriate stated annual discount rate is 5%. Please round your answer to the nearest hundredth.
Answer:
Bond Price= $1,193.9
Explanation:
Giving the following information:
Face value= $1,000
Coupon= 0.08*1,000= $80
Discount rate= 0.05
Years to maturity= 8 years
To calculate the price of the bond, we need to use the following formula:
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 80*{[1 - (1.05^-8)] / 0.05} + [1,000/(1.05^8)]
Bond Price= 517.06 + 676.84
Bond Price= $1,193.9
2. A farmer bought cylindrical bales of Lucerne at a price of R350/bale for his heard of
1500 dairy cows.
i.
Determine the number of bales he needs for winter season (3months) if the
cows consume 2bales
per week.
Answer:
36,000
It's because 2×4=8×3=24×1500=36,000
As a manager of a medium sized manufacturing organization, you have noticed productivity has steadily gone down recently. You have made a study and discovered the team is lacking motivation. Invoking any two theories you have learnt explain how you would go about re-energizing the workers to regain and even surpass the previous levels of productivity.
Answer: give them bonuses for work complete.
Explanation:people like money
While studying the process, it became evident to the team that people and equipment were not optimally positioned. Which process map would best help the team address this issue?
Answer: Spaghetti map
Explanation:
A spaghetti map refers to as a visual representation that makes use of a continuous flow line that's used in the tracing of an activity for a particular process.
Since the people and equipment were not optimally positioned, the process map that would best help the team address this issue is the spaghetti map. It's vital as it helps in identification of workflow redundancies.
Client 5 I am a 45-year-old agricultural scientist. I have been working for years to come up with a natural egg that is free of cholesterol and low in fat. I finally have completed all the tests and have received all the government approvals I need for my new eggs. Up until now, my work has been simple and I have been my own boss. But now I want to launch my new product—Eggs You Can Love—on a national scale.
What type of business organization do you recommend? Why?
(this is for my economics class plz answer as fast as you can)
Answer:
corporation
with a corporation, he would have larger assess to funds needed to grow his business
Explanation:
A publicly owned corporation is a company is a company owned by shareholders. This type of company's shares is freely traded on a stock exchange
Characteristics of A publicly owned corporation
• Limited liability. the liability of owners are limited to the amount invested
• Central management. The company is manged by board of directors and managers and not the shareholders
• the company is a legal entity.
Riley Company borrowed $36,000 on April 1, Year 1 from the Titan Bank. The note issued by Riley carried a one year term and a 7% annual interest rate. Riley earned cash revenue of $1,700 in Year 1 and $1,400 in Year 2. Assume no other transactions. The amount of total liabilities that would appear on Riley's December 31 balance sheets for Year 1 and Year 2, respectively, would be:_____.A) $36,000 and $0. B) $37,890 and $0. C) $37,890 and $38,520. D) $1,890 and $630.
Answer:
B) $37,890 and $0
Explanation:
Calculation to determine The amount of total liabilities that would appear on Riley's December 31 balance sheets for Year 1 and Year 2, respectively, would be
Total liabilities=$36,000+($36,000 * 7% * 9/12)
Total liabilities = $36,000+$1,890
Total liabilities = $37,890
Therefore The amount of total liabilities that would appear on Riley's December 31 balance sheets for Year 1 and Year 2, respectively, would be $37,890
Miguel consumes only art classes and anthropology classes. Miguel prefers a bundle of art classes and anthropology classes (with not necessarily equal to ) over a bundle of art classes and anthropology classes if (and only if) and . If and then Miguel prefers , over , . If neither case is true, he is indifferent between the two bundles.
a. Miguel's preferences satisfy the completeness assumption
b. Miguel's preferences satisfy the transitivity assumption
c. Miguel's preferences satisfy the non-satiation assumption
Answer: A. Miguel's preferences satisfy the completeness assumption
Explanation:
Based on the information given, Miguel's preferences satisfy the completeness assumption.
According to the completeness axiom, an individual or firm must be able to make a choice whether the economic agent is either indifferent to, or maybe prefers, a particular set of options over other options.
This implies that consumers can rank the possibilities as better, good, bad, worse etc and an indifference curve can be assigned.
The common stock of CTI has an expected return of 14.48 percent. The return on the market is 11.6 percent and the risk-free rate of return is 3.42 percent. What is the beta of this stock
Answer:
1.35
Explanation:
Systemic risk is measured by beta. The higher beta is, the higher the systemic risk and the higher the compensation demanded for by investors
According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)
14.48 = 3.42 + b(11.6 - 3.42)
14.48 = 3.42 + b8.18
14.48 - 3.42 = 8.18b
11.06/8.18 = 1.35
The Chiemsee Knee Replacement Clinic (CKRC) is a sports clinic located at the northern edge of the German Alps. It specializes in knee replacements for skiers who come to CKRC from Germany, Austria, Switzerland, and Italy. The clinic currently has one operating room (OR). However, since the clinic has dramatically more demand than capacity, the management team contemplates investing in a second OR. A lean consulting firm, however, suggests that before going ahead with installing new capacity, the clinic should first look at how it uses its existing capacity. The data collected by the consulting firm reveal that:
Answer:
Another operating room is needed.
Explanation:
The data collected by the consulting firm reveal that the existing facility does not fulfill the requirement due to more number of people so for this reason they have to build another operating room to quickly facilitate more number of people in less time. There are more number of people comes to the clinic as compared to previous years which compels the authority to build up new operating rooms for the convenience of people that comes for knee replacement.
Carly Company plans to depreciate a new building using the double declining-balance depreciation method. The building cost is $960,000. The estimated residual value of the building is $66,000 and it has an expected useful life of 25 years. Assuming the first year's depreciation expense was recorded properly, what would be the amount of depreciation expense for the second year
Answer:
Straight line method rate = 1/ Number of years * 100 = 1/25*100 = 4%
Double declining balance depreciation = 2*Straight line method rate*Book value
First Year depreciation = 8%*$960,000
First Year depreciation = $76,800
Second year depreciation = 8% * (Book Value as on 1st year - First Year depreciation)
Second year depreciation = 8%*($960,000-$76,800)
Second year depreciation = 8%*$883,200
Second year depreciation = $70,656
The following persons own Schlecht Corporation, a non-U.S.entity.
Jim, U.S. individual 35%
Gina, U.S. individual 15%
Marina, U.S. individual 8%
Pedro, U.S. individual 12%
Chee, non-U.S. individual 30%
None of the shareholders are related. Subpart F income for the tax year is $300,000. No distributions are made. Which of the following statements is correct?
a. Schlecht is not a CFC.
b. Chee includes $90,000 in gross income.
c. Marina is not a U.S. shareholder for purposes of determining whether Schlecht is a CFC.
d. Marina includes $24,000 in gross income.
Answer: Marina is not a U.S. shareholder for purposes of determining whether Schlecht is a CFC.
Explanation:
From the options given, the correct statement is that "Marina is not a U.S. shareholder for purposes of determining whether Schlecht is a CFC".
A controlled foreign corporation (CFC) refers to a corporate entity which is duly registered and then conducts business in a different country than where it was registered and where the controlling owners lives.
A controlled foreign corporation (CFC) is a foreign corporation whereby more than 50% of the total voting power is owned by the person.
Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-in, first-out (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar).
Answer:
(a) Cost of inventory sold using FIFO method = $179,280
(b) Cost of inventory sold using LIFO method = $188,700
(c) Cost of inventory sold using weighted average cost method = $186,000
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question. See the attached pdf file for the complete question.
The explanation of the answers is now provided as follows:
Units of inventory sold = Units available for sale - Ending physical inventory units = 45 – 14 = 31
(a) first-in, first-out (FIFO) method
Under FIFO, inventory purchased first is sold first. Therefore, we have:
Cost of inventory sold using FIFO = 12 units at $5,400 each from Jan. 1 + 18 units at $6,000 each from Aug. 7 Purchase + 1 unit at $6,480 from Dec. 11 Purchase = (12 * $5,400) + (18 * $6,000) + (1 * $6,480) = $64,800 + $108,000 + $6,480 = $179,280
(b) last-in, first-out (LIFO) method
Under LIFO, inventory purchased last is sold first. Therefore, we have:
Cost of inventory sold using LIFO = 15 unit at $6,480 each from Dec. 11 Purchase + 16 units at $6,000 each from Aug. 7 Purchase = (15 * $6,480) + (16 * $6,000) = $97,200 + $96,000 = $188,700
(c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar).
Under the weighted average cost method, the cost of goods available for sale is divided by the number of units available for sale to obtain average cost per unit. This is then used to multiply the total units sold to obtain the cost of inventory sold as follows:
Weighted average cost per unit = Cost of goods available for sale / Units available for sale = $270,000 / 45 = $6,000
Cost of inventory sold using weighted average cost method = Units of inventory sold * Weighted average cost per unit = 31 * $6,000 = $186,000
Bay City Company’s fixed budget performance report for July follows. The $440,000 budgeted total expenses include $300,000 variable expenses and $140,000 fixed expenses. Actual expenses include $130,000 fixed expenses. Fixed Budget Actual Results Variances Sales (in units) 6,000 4,900 Sales (in dollars) $480,000 $431,200 $48,800 U Total expenses 440,000 406,000 34,000 F Income from operations $40,000 $25,200 $14,800 U Prepare a flexible budget performance report that shows any variances between budgeted results and actual results. List fixed and variable expenses separately.
Answer:
Bay City Company
Flexible Budget Performance Report:
Flexible Budget Actual Results Variances
Sales (in units) 4,900 4,900
Sales (in dollars) $392,000 $431,200 $39,200 F
Total expenses:
Variable expenses 245,000 276,000 31,200 U
Fixed expenses 140,000 130,000 10,000 F
Total expenses 385,000 406,000 21,200 U
Income from operations $7,000 $25,200 $18,200 U
Explanation:
a) Data and Calculations:
Variable expenses = $300,000
Fixed expenses = $140,000
Budgeted total expenses = $440,000
Actual expenses:
Fixed expenses = $130,000
Fixed Budget Actual Results Variances
Sales (in units) 6,000 4,900
Sales (in dollars) $480,000 $431,200 $48,800 U
Total expenses 440,000 406,000 34,000 F
Income from operations $40,000 $25,200 $14,800 U
Flexing the budgets:
Sales revenue = $392,000 ($480,000/6,000 * 4,900)
Variable expenses = $245,000 ($300,000/6,000 * $4,900)
Actual variable expenses = $276,000 ($406,000 - $130,000)