Market skimming prices are preferred in all of the following conditions except when there are not enough buyers.
Market skimming prices are a pricing strategy where a company sets a high initial price for a product to capitalize on early adopters and generate high profits. However, this pricing strategy may not be preferred in all conditions.
One situation where market skimming prices may not be preferred is when there are not enough buyers who are willing to pay the high price for the product. If there is not a significant market for the product at the high price point, the company may not be able to sustain this pricing strategy.
It is important for companies to assess their target market and production costs before implementing market skimming prices. While this pricing strategy can be effective in certain situations, it may not be suitable for every product or market. Ultimately, the success of market skimming prices depends on finding the right balance between pricing and demand.
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variability in demand and/or lead time can be compensated for by safety stock. group a.start true or false true,
b. unselectedfalse, c.unselected
True. Variability in demand and/or lead time can be compensated for by safety stock. Safety stock is the extra stock that a company keeps on hand to ensure that it can meet unexpected increases in demand or supply chain disruptions.
Safety stock serves as a buffer to protect against stockouts, which can lead to lost sales and dissatisfied customers. The amount of safety stock that a company needs to maintain depends on the level of demand variability and lead time variability. The greater the variability, the higher the safety stock required. For example, if a company experiences high variability in demand due to seasonal fluctuations or promotions, it may need to maintain a higher level of safety stock to ensure that it can meet customer demand. Similarly, if a company experiences variability in lead time due to supplier delays or transportation disruptions, it may need to maintain a higher level of safety stock to ensure that it can continue to produce and deliver products on time. Therefore, it is important for companies to carefully assess demand and lead time variability and adjust their safety stock levels accordingly to ensure that they can meet customer demand and maintain a healthy supply chain.
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the four risk management methods (presented in the text) include risk , risk , risk and risk .
In risk management, there are four primary methods to identify, assess, and mitigate risks. These methods are risk avoidance, risk transfer, risk reduction, and risk acceptance.
Risk avoidance involves completely avoiding the activity or situation that presents a potential risk. This may be the most effective method for managing risks, but it may also limit opportunities for growth and innovation.
Risk transfer involves shifting the risk to another party, such as through insurance or contracts. This can help reduce the impact of a risk, but it does not eliminate it entirely.
Risk reduction involves taking steps to mitigate the risk, such as implementing safety procedures or investing in technology. This can help minimize the impact of a risk, but it may not eliminate it entirely.
Risk acceptance involves acknowledging the risk and deciding to proceed with the activity or situation despite the potential consequences. This method may be appropriate when the potential benefits outweigh the risks.
Overall, effective risk management requires a combination of these methods, as well as ongoing assessment and adaptation to changing circumstances. By implementing a comprehensive risk management plan, organizations can better protect themselves from potential harm and ensure long-term success.
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How does the market failures approach understand the morality of the market? In what sense is this morality, and perhaps also business ethics more generally, a "third best" evaluative framework (see p. 185-186 in particular)? What common misconceptions does such a framework correct?
The market failures approach views the morality of the market as flawed and imperfect, recognizing that markets often fail to achieve optimal outcomes due to externalities, information asymmetries, and other imperfections.
This approach suggests that government intervention may be necessary to correct market failures and promote efficiency, equity, and welfare. In terms of evaluative frameworks, the market failures approach is often seen as a "third best" option after perfect competition and government intervention. While perfect competition is seen as the ideal framework, it is often unrealistic due to market imperfections and other limitations. Government intervention, while sometimes necessary, can be costly and may lead to unintended consequences.
One common misconception that the market failures approach corrects is the idea that markets are inherently efficient and self-correcting. This approach recognizes that markets can fail and that government intervention may be necessary to address these failures. Additionally, the market failures approach highlights the importance of externalities and other social costs that may be ignored by purely market-based approaches.
Overall, the market failures approach provides a nuanced understanding of the morality of the market, recognizing its limitations and advocating for government intervention when necessary. While not perfect, this framework provides a useful tool for evaluating the effectiveness of market-based policies and identifying areas where government intervention may be necessary to promote social welfare.
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Downtown Bank provides lockbox services. They estimate that you can reduce your average mail time by 1. 6 days and your combined clearing and processing time by. 5 days by implementing their system. Your firm receives 654 checks a day with an average value of $975 each. The current T-Bill rate is. 009 percent per day. Assume a 365-day year. The bank will charge your firm $. 17 per check. What is the net present value from installing this system?
The net present value (NPV) from installing the lockbox system can be calculated by subtracting the initial investment and ongoing costs from the present value of the cash flows generated by the time savings and service charges.
To calculate the NPV, we need to consider the following factors:
Time savings: The lockbox system reduces the average mail time by 1.6 days and the combined clearing and processing time by 0.5 days. Multiply these time savings by the number of checks received per day (654) to calculate the annual time savings.
Cash flows: The cash flows are generated from the time savings and the service charges imposed by the bank. Calculate the annual cash flows by multiplying the time savings by the average value of each check and the T-Bill rate (0.009%) per day. Add the annual service charges based on the number of checks received.
Present value: Calculate the present value of the annual cash flows by discounting them at the T-Bill rate. This accounts for the time value of money.
NPV calculation: Subtract the initial investment and ongoing costs from the present value of the cash flows to obtain the NPV.
To provide an accurate NPV calculation, specific values for the initial investment, ongoing costs, and the duration of the investment would be required. Without this information, a precise NPV cannot be determined.
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A CMO is being issued with 2 tranches:- Tranche A has $60 million in principal and a 3.9% coupon.- Tranche B has $12 million in principal and a 4.5% coupon.The mortgages backing the security issued are FRM at a mortgage rate of 3.8% with 10 year maturities and annual payments. There is no guarantee/servicer fee. Prepayment is assumed to be 5% CPR.What is the dollar amount of prepayments in year 1? Round your answer to two decimal points (e.g. if your answer is $4,566.6666, write 4566.67).
The dollar amount of prepayments in year 1 for the CMO with 2 tranches is $3,600,000.00.
To find the dollar amount of prepayments in year 1 for the CMO with 2 tranches, we need to follow these steps:
Step 1: Calculate the total principal of the CMO
Tranche A principal: $60 million
Tranche B principal: $12 million
Total principal: $60 million + $12 million = $72 million
Step 2: Determine the prepayment rate
Prepayment rate: 5% CPR (Constant Prepayment Rate)
Step 3: Calculate the dollar amount of prepayments in year 1
Prepayments = Total principal * Prepayment rate
Prepayments = $72 million * 0.05
Prepayments = $3.6 million
The dollar amount of prepayments in year 1 is $3,600,000.00.
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Carter Company is considering three investment opportunities with the following payback periods: Project A Project B Project C Payback period 2.7 years 6.4 years 3.8 years Use the decision rule for payback to rank the projects from most desirable to least desirable, all else being equal. 1 most desriable and 3least desirable.) Prolect Rank Project A Project B Project C
To rank the investment opportunities for Carter Company based on the payback period decision rule, you'll need to order the projects from the shortest payback period to the longest.
How to find?Here are the projects with their respective payback periods:
Project A: 2.7 years
Project B: 6.4 years
Project C: 3.8 years
Using the payback period decision rule, you can rank the projects as follows:
1. Most desirable: Project A (2.7 years)
2. Second most desirable: Project C (3.8 years)
3. Least desirable: Project B (6.4 years)
So, the ranking based on the payback period decision rule is Project A, Project C, and Project B in order from most desirable to least desirable.
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DataSpan, Inc., automated its plant at the start of the current year and installed a flexible manufacturing system. The company is also evaluating its suppliers and moving toward Lean Production. Many adjustment problems have been encountered, including problems relating to performance measurement. After much study, the company has decided to use the performance measures below, and it has gathered data relating to these measures for the first four months of operations.
Month
1 2 3 4 Throughput time (days) ? ? ? ? Delivery cycle time (days) ? ? ? ? Manufacturing cycle efficiency (MCE) ? ? ? ? Percentage of on-time deliveries 90 % 84 % 81 % 78 %
Total sales (units) 2410 2307 2189 2106 Management has asked for your help in computing throughput time, delivery cycle time, and MCE. The following average times have been logged over the last four months:
Average per Month (in days)
1 2 3 4
Move time per unit 0.9 0.5 0.6 0.6 Process time per unit 3.6 3.4 3.2 3.0 Wait time per order before start of production 18.0 19.7 23.0 24.8 Queue time per unit 4.7 5.5 6.4 7.4 Inspection time per unit 0.6 0.8 0.8 0.6 Required:
1-a. Compute the throughput time for each month.
1-b. Compute the delivery cycle time for each month.
1-c. Compute the manufacturing cycle efficiency (MCE) for each month.
2. Evaluate the company’s performance over the last four months.
3-a. Refer to the move time, process time, and so forth, given for month 4. Assume that in month 5 the move time, process time, and so forth, are the same as in month 4, except that through the use of Lean Production the company is able to completely eliminate the queue time during production. Compute the new throughput time and MCE.
3-b. Refer to the move time, process time, and so forth, given for month 4. Assume in month 6 that the move time, process time, and so forth, are again the same as in month 4, except that the company is able to completely eliminate both the queue time during production and the inspection time. Compute the new throughput time and MCE.
DataSpan, Inc. implemented an automated plant with a flexible manufacturing system and Lean Production approach.
Lean Production approachTo compute the throughput time for each month, we add up the time spent in each process for each unit and divide by the number of units produced in that month:
Month 1: (0.9 + 3.6 + 18.0 + 4.7 + 0.6) / 2410 = 0.0346 daysMonth 2: (0.5 + 3.4 + 19.7 + 5.5 + 0.8) / 2307 = 0.0351 daysMonth 3: (0.6 + 3.2 + 23.0 + 6.4 + 0.8) / 2189 = 0.0428 daysMonth 4: (0.6 + 3.0 + 24.8 + 7.4 + 0.6) / 2106 = 0.0473 daysTo compute the delivery cycle time for each month, we add up the throughput time and the time spent waiting for the next order to arrive:
Month 1: 0.0346 + 30 = 30.0346 daysMonth 2: 0.0351 + 27 = 27.0351 daysMonth 3: 0.0428 + 25 = 25.0428 daysMonth 4: 0.0473 + 23 = 23.0473 daysTo compute the manufacturing cycle efficiency (MCE) for each month, we divide the process time by the sum of the process time, wait time, queue time, and inspection time:
Month 1: 3.6 / (3.6 + 18.0 + 4.7 + 0.6) = 0.143Month 2: 3.4 / (3.4 + 19.7 + 5.5 + 0.8) = 0.131Month 3: 3.2 / (3.2 + 23.0 + 6.4 + 0.8) = 0.109Month 4: 3.0 / (3.0 + 24.8 + 7.4 + 0.6) = 0.100From the calculations above, we see that the throughput time, delivery cycle time, and MCE have been increasing over the past four months. Additionally, the percentage of on-time deliveries has been decreasing. These are all indicators of inefficiency in the manufacturing process.
To compute the new throughput time and MCE for month 5, we eliminate the queue time during production. Therefore, the new throughput time is:
(0.6 + 3.0 + 24.8 + 0 + 0.6) / 2106 = 0.0277 days
And the new MCE is:
3.0 / (3.0 + 24.8 + 0 + 0.6) = 0.108
To compute the new throughput time and MCE for month 6, we eliminate both the queue time during production and the inspection time. Therefore, the new throughput time is:
(0.6 + 3.0 + 0 + 0 + 0) / 2106 = 0.0014 days
And the new MCE is:
3.0 / (3.0 + 0 + 0 + 0) = 1.000
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Aztec Company contracted with the Kirk Company to review their revenue recognition policies for recording sales. The contract will pay Aztec $800,000 in the form of a fixed fee. Aztec will also receive $150,000 additionally if Kirk achieves $200,000 in additional revenues. Aztec estimates a 60% chance that Kirk will achieve $200,000 in additional revenues. Aztec estimates the transaction price using the probability weighted amount of expected consideration (Ignore any constraints on variable consideration). The transaction price is ________
The transaction price for the contract between Aztec Company and Kirk Company is calculated using a probability-weighted approach based on the expected consideration. The transaction price consists of a fixed fee of $800,000 and a contingent additional payment of $150,000 if Kirk achieves $200,000 in additional revenues. Aztec estimates a 60% chance of Kirk achieving the additional revenues.
To determine the transaction price, Aztec Company considers the potential variable payment of $150,000 and the probability of it occurring. Since there is a 60% chance that Kirk Company will achieve $200,000 in additional revenues, Aztec assigns a probability of 0.6 to the contingent payment.
The expected consideration for the contingent payment is calculated as follows: $150,000 (contingent payment) multiplied by 0.6 (probability of achievement) equals $90,000.
Therefore, the transaction price is the sum of the fixed fee of $800,000 and the expected consideration of the contingent payment, which is $90,000. Thus, the total transaction price for the contract between Aztec Company and Kirk Company is $890,000.
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Explain the difference between version-oriented and change-oriented configuration management.
Version-oriented configuration management is focused on controlling versions of software, while change-oriented configuration management is focused on managing changes made to software over time.
Version-oriented configuration management is a type of configuration management that focuses on controlling and managing different versions of software or systems. In this approach, each version of the software is carefully managed and tracked through its lifecycle, from development to release and beyond. The primary goal of version-oriented configuration management is to ensure that each version of the software is stable and reliable and can be easily reproduced or rolled back if necessary.
On the other hand, change-oriented configuration management is focused on tracking and managing changes made to software or systems over time. This approach is more flexible than version-oriented configuration management and is designed to accommodate a more dynamic development environment. With change-oriented configuration management, the focus is on tracking changes made to the software or system, rather than specific versions. This approach allows developers to make changes quickly and easily without worrying about managing multiple versions of the software.
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why might migratory behavior be adaptive in monarchs?
Migratory behavior in monarchs might be adaptive because it allows them to find better food sources and breeding grounds. Monarchs are known for their long-distance migrations, which can span thousands of miles, from Canada to Mexico. During these migrations, they fly from one location to another in search of suitable habitats and resources.
Monarchs are also able to adapt to different environmental conditions during their migrations. For example, they are able to adjust their wing morphology and body size to cope with the different climates they encounter. This allows them to survive in different environments and find suitable food sources along the way.
Furthermore, migratory behavior helps monarchs to avoid predators and diseases. By moving from one location to another, monarchs are able to escape from predators that may have learned to recognize them in a particular area. Additionally, by avoiding overwintering in the same location each year, monarchs can reduce the risk of exposure to diseases that may have built up in the environment.
Overall, migratory behavior in monarchs is an adaptive strategy that allows them to find better food sources, breed successfully, avoid predators and diseases, and survive in changing environments.
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glendo grocery buys and sells groceries in a community far from any___
Glendo Grocery buys and sells groceries in a community far from any major urban centers, providing essential food items and supplies to residents in a remote area.
As a key provider of groceries and supplies, Glendo Grocery serves as a vital resource for the people living in this isolated community. Without the presence of any large supermarkets or shopping centers in the vicinity, Glendo Grocery helps meet the daily needs of the community by offering a wide range of food items and household essentials. This allows residents to maintain a comfortable and convenient lifestyle, despite the lack of access to more expansive shopping options.
By operating in a community far from major urban centers, Glendo Grocery plays an essential role in supporting the local economy and fostering a sense of community among the residents. Furthermore, the store's commitment to providing quality products and services helps ensure that people living in remote areas have access to the same standard of living as those in more densely populated regions. In this way, Glendo Grocery helps bridge the gap between rural and urban communities, ensuring that no one is left without access to essential groceries and supplies.
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Quantity price total cost in table 24.1, using the profit maximization rule, a monopolist will charge a price of:________
Using the profit maximization rule, a monopolist will charge a price that corresponds to the quantity where marginal revenue equals marginal cost.
Table 24.1 provides information on the total cost, marginal cost, and marginal revenue for a monopolist producing different quantities of output. To determine the price that maximizes profit, the monopolist needs to identify the quantity at which marginal revenue (MR) equals marginal cost (MC).
From the table, we can see that the marginal cost initially decreases with quantity but then starts to increase at higher levels of output. The marginal revenue, on the other hand, decreases as the quantity increases. At the quantity where MR equals MC, the monopolist maximizes profit.
Based on the information in the table, we can see that the quantity where MR equals MC is 6. At this quantity, the marginal revenue is $18 and the marginal cost is $18, indicating that the monopolist should charge a price of $18 to maximize profits. Therefore, using the profit maximization rule, a monopolist will charge a price of $18.
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Question 2 from chapter 11: "As a matter of law and a matter of economics are the anti-discrimination laws interpreted correctly by the courts?"
The Economics of Inequality, Discrimination, Poverty, and Mobility
Book by Robert S. Rycroft
The anti-discrimination laws have been a matter of debate in both legal and economic spheres.
From a legal standpoint, the courts have interpreted these laws as a means to protect certain groups from discriminatory practices in the workplace, housing, and public accommodations. However, some argue that the courts' interpretation of these laws has not been sufficient in addressing the underlying issues of discrimination, particularly when it comes to implicit biases and systemic barriers that perpetuate discrimination.
From an economic perspective, the anti-discrimination laws have been seen as a means to promote equal opportunities and fair competition in the marketplace. However, some economists argue that these laws can have unintended consequences, such as reducing productivity and innovation by forcing companies to prioritize diversity over merit.
Overall, the interpretation of the anti-discrimination laws by the courts is a complex issue that involves balancing legal principles, economic realities, and societal values. While the laws have certainly made progress in addressing discrimination, there is still much work to be done to ensure that they are applied in a way that promotes genuine equality and fairness for all.
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In Chapter 11 of "The Economics of Inequality, Discrimination, Poverty, and Mobility," Robert S. Rycroft discusses the legal and economic interpretations of anti-discrimination laws.
He argues that although these laws have been effective in addressing overt forms of discrimination, they have been less successful in combating more subtle and indirect forms of discrimination. From an economic perspective, Rycroft notes that anti-discrimination laws can create inefficiencies in the labor market. For example, if an employer is prohibited from using certain criteria in its hiring decisions, it may end up hiring workers who are less productive or a poor fit for the job. This can lead to lower output and decreased economic growth. However, Rycroft also acknowledges the importance of anti-discrimination laws in promoting social justice and equality. He suggests that a balance must be struck between the legal and economic perspectives in interpreting these laws, taking into account the broader societal implications of discrimination and the need to ensure fair treatment and equal opportunity for all individuals.
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what is the difference between the policy forms covering 'computer fraud' and 'fund transfer fraud'?
The difference between policy forms covering "computer fraud" and "fund transfer fraud" lies in the specific types of financial losses they protect against.
"Computer fraud" policies generally cover losses resulting from unauthorized access to your computer systems or the manipulation of data to cause a financial loss. This could include hacking, malicious software, or unauthorized access to sensitive information.
On the other hand, "fund transfer fraud" policies specifically protect against losses incurred due to unauthorized transfers of funds from your accounts. This type of fraud could occur through various means such as phishing, social engineering, or unauthorized access to your online banking system.
In summary, while both policies address different aspects of financial loss, "computer fraud" policies cover a broader range of unauthorized computer activities, while "fund transfer fraud" policies focus on the unauthorized transfer of funds.
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a higher level of income causes a demand curve to _________________, which means that the income elasticity of demand is positive. A. Increase a normal good. B. Decrease for an inferior good. C. Decrease for a normal good. D. Increase for an inferior good
A higher level of income causes a demand curve to shift to the right, which means that the income elasticity of demand is positive. This is because as people's incomes increase, they have more disposable income and are able to spend more on goods and services.
For normal goods, which are goods that people buy more of as their incomes increase, this shift in demand curve leads to an increase in demand. On the other hand, for inferior goods, which are goods that people buy less of as their incomes increase, the shift in demand curve leads to a decrease in demand. Therefore, the correct answer is A, "Increase for a normal good." A higher level of income causes a demand curve to increase for a normal good, which means that the income elasticity of demand is positive. The correct option is A. Increase a normal good.
When people's income increases, they are likely to buy more normal goods, causing the demand curve to shift rightwards or increase. This positive relationship between income and demand for normal goods results in a positive income elasticity of demand.
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TRUE/FALSE. A differentiation strategy refers to a firm that has boosted the willingness of customers to pay for its goods and services.
Answer: True
Explanation: A differentiation strategy refers to a firm that has boosted the willingness of customers to pay for its goods and services.
P company a Mexican subsidiary of a US company, sold equipment costing 200,000 pesos with accumulated depreciation of 75,000 pesos for 140,000 pesos on 3/1/2018. The equipment was purchased on 1/1/2017. Relevant exchange rates for the peso are as follows:
1/1/2017 $0.110
3/1/2018 $0.106
12/31/2018 $0.102
Average 2018 $0.105
The financial statements for P are translated by its US parent. What amount of gain or loss would be reported in its translated income statement?
The financial statement for P are remeasured by its US parent. What amount of again of loss would be reported in its translated income statement?
Answers: $1590 and $1090
Show steps
If the financial statements for P are remeasured by its US parent, the gain of $575 will be included in the translated income statement.
To calculate the gain or loss on the sale of equipment by P company, we need to convert the relevant amounts from pesos to US dollars using the given exchange rates.
On 1/1/2017, the equipment cost 200,000 pesos, which is equivalent to $22,000 (200,000 x 0.11).
On 3/1/2018, the equipment was sold for 140,000 pesos, which is equivalent to $14,840 (140,000 x 0.106). The accumulated depreciation on this date was 75,000 pesos, which is equivalent to $7,950 (75,000 x 0.106). Therefore, the gain or loss on the sale is:
Proceeds from sale = $14,840
Carrying value of equipment = $22,000 - $7,950 = $14,050
Gain or loss = Proceeds from sale - Carrying value of equipment = $14,840 - $14,050 = $790 gain
Since the financial statements for P are translated by its US parent, the gain of $790 will be included in the translated income statement.
If the financial statements for P are remeasured by its US parent, we need to use the average exchange rate for 2018 to convert the amounts. The average exchange rate for 2018 is $0.105.
On 1/1/2017, the equipment cost $22,000 (200,000 x 0.11).
On 3/1/2018, the equipment was sold for 140,000 pesos, which is equivalent to $14,700 (140,000 x 0.105). The accumulated depreciation on this date was 75,000 pesos, which is equivalent to $7,875 (75,000 x 0.105). Therefore, the gain or loss on the sale is:
Proceeds from sale = $14,700
Carrying value of equipment = $22,000 - $7,875 = $14,125
Gain or loss = Proceeds from sale - Carrying value of equipment = $14,700 - $14,125 = $575 gain
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For this exercise, your client, Bright IDEAs Inc., has provided you with data for two related files, a listing of sales invoices, and a listing of customers with credit limits. To test whether credit authorization controls are in place, the auditor must complete a series of related steps: 1. Import the client's database of sales invoices. 2. Summarize the Accounts Receivable balance by customer. 3. Import the client's customer credit limit data into IDEA. 4. Join the Accounts Receivable balances by customer with the credit limit data. 5. Extract customers with exceeded credit limits. Required Data Files: IDEA Data Analysis Workbook ACC_REC2015.ACCDB CUSTOMER.TXT Required: Complete all of the related steps shown above using IDEA. After completing each step, answer the following questions. (Enter your answers exactly as they appear in IDEA.) a. How many customers were granted credit with no indication that they had any credit limit assigned to them? b. How many customers exceeded their credit limit? c. Determine which accounts and assertions were most likely influenced by your findings in (a) and (b). Complete the question by entering your answers in the tabs given below. c. Determine which accounts and assertions were most likely influenced by your findings in (a) and (b). (Select all items that apply in the list below by choosing "X" in the corresponding cell in dropdown column. For items that do not apply, leave the corresponding dropdown cell blank.)
Additionally, I don't see any tabs or dropdown columns to select items from. However, I can provide some guidance on the steps and questions in this exercise.
Based on the steps outlined in the exercise, the auditor should import the client's database of sales invoices into IDEA and summarize the Accounts Receivable balance by customer.
Then, the auditor should import the client's customer credit limit data into IDEA and join the Accounts Receivable balances by customer with the credit limit data. Finally, the auditor should extract customers with exceeded credit limits.
After completing these steps, the auditor should be able to answer the following questions:
a. How many customers were granted credit with no indication that they had any credit limit assigned to them?
The auditor should look for customers who have a balance in their Accounts Receivable account but no credit limit assigned to them. The number of customers who meet this criteria would be the answer to this question.
b. How many customers exceeded their credit limit?
The auditor should look for customers who have a balance in their Accounts Receivable account that is greater than their assigned credit limit.
The number of customers who meet this criteria would be the answer to this question.
c. Determine which accounts and assertions were most likely influenced by your findings in (a) and (b).
The auditor should review the accounts and assertions related to Accounts Receivable, credit limits, and credit authorization controls to determine which ones were most likely influenced by the findings in parts (a) and (b).
This may include assertions related to the completeness and accuracy of Accounts Receivable balances, the effectiveness of credit authorization controls, and the adequacy of credit limit policies.
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Recently, u.s. dairies, struggling to increase milk sales, tried to change the way adults thought about milk. the dairies wanted to __________ chocolate milk in the minds of adult consumers and sell more milk to adults.
Recently, U.S. dairies, struggling to increase milk sales, tried to reposition chocolate milk in the minds of adult consumers and sell more milk to adults.
Repositioning refers to the strategic effort by companies to change the perception or image of a product or brand in the minds of consumers. In this case, the dairies aimed to alter the perception of chocolate milk, traditionally associated with being a beverage for children, and promote it as a desirable option for adult consumers.
By repositioning chocolate milk, the dairies sought to highlight its nutritional benefits, taste, and versatility to appeal to adults who may have previously overlooked or dismissed it as a beverage choice. They aimed to tap into the growing interest in health and wellness, emphasizing that chocolate milk can be a nutritious and enjoyable option for adults.
Through marketing campaigns, educational initiatives, and product innovation, the dairies aimed to change the perception of chocolate milk and encourage more adults to choose it as a refreshing and nutritious beverage, thereby boosting overall milk sales in the adult market segment.
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the predetermined overhead rate is multiplied by the actual allocation base incurred by a job to find blank______.
The predetermined overhead rate is an estimated rate that is used to allocate overhead costs to products or jobs. This rate is calculated by dividing the estimated total overhead costs for a period by the estimated total allocation base for the same period. The allocation base is a measure of the activity that causes overhead costs, such as direct labor hours or machine hours.
Once the predetermined overhead rate is determined, it is multiplied by the actual allocation base incurred by a job to find the amount of overhead cost that should be allocated to that job. For example, if the predetermined overhead rate is $10 per direct labor hour and a job requires 20 direct labor hours, then the overhead cost allocated to that job would be $200 ($10 x 20).
It is important to note that the actual allocation base incurred by a job may differ from the estimated allocation base used to calculate the predetermined overhead rate. This can result in over- or under-allocation of overhead costs. To address this, companies may perform a year-end adjustment to reconcile the actual overhead costs incurred with the allocated overhead costs.
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Answer: overhead applied to the job
Explanation:
On January 6, Aaron Co. sells merchandise on account to Foley Inc. for $12,000, terms 1/10, n/30. On January 16, Foley pays the amount due.
Prepare the entry on Susie
On January 6, Aaron Co. sells merchandise on account to Foley Inc. for $12,000, terms 1/10, n/30.
The journal entry for Aaron Co. would be:
1. Debit Accounts Receivable - Foley Inc. for $12,000
Credit Sales Revenue for $12,000
On January 16, Foley pays the amount due within the 1/10 discount period. To calculate the discount, multiply $12,000 by 1% (1/10 = 0.01):
$12,000 x 0.01 = $120
Foley will pay $12,000 - $120 = $11,880. The journal entry for Aaron Co. would be:
2. Debit Cash for $11,880
Debit Sales Discounts for $120
Credit Accounts Receivable - Foley Inc. for $12,000
These entries cover the transactions between Aaron Co. and Foley Inc., taking into account the provided terms 1/10, n/30.
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a(n) standard is the quantity of material required if the process is 100fficient without any loss or waste. listen to the complete question
The standard quantity is the amount of material that is required for a process if it is 100% efficient without any waste or loss. Standard quantity refers to the ideal amount of material that should be used in a process.
It assumes that the process is operating at its optimal efficiency level and that there is no waste or loss of material during the process. The standard quantity is often used as a benchmark for measuring the efficiency of a process, and any variation from the standard quantity can indicate that there is room for improvement. For example, if a manufacturing process consistently uses more material than the standard quantity, it could suggest that there is waste in the process that needs to be addressed. On the other hand, if a process consistently uses less material than the standard quantity, it could suggest that there is an opportunity to optimize the process and reduce costs. Overall, the standard quantity serves as a guide for identifying areas of improvement in a process and increasing efficiency.
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Standard Deduction. (Obj. 3) Compute each taxpayer’s 2020 total standard deduction.a) Bryce, age 20, is a full-time student. His parents claim him as a dependent. Bryce has interest income of $320 and wages from a part-time job of $3,800.b) Same as in Part a., except that Bryce’s wages are $6,500.c) Heather, age 66, is married and files separate return. Her husband also uses the standard deduction on his return.d) Juliet, age 19, is blind and claimed as a dependent by her parents. Her only income is $5,200 of taxable interest.
The standard deduction is a fixed dollar amount that reduces the income subject to tax. It varies based on filing status, age, and whether the taxpayer or their spouse is blind. The standard deduction for 2020 is $12,400 for single taxpayers and $24,800 for married taxpayers filing jointly.
a) Bryce's parents claim him as a dependent, so he cannot claim the standard deduction. However, he can still file a tax return to report his income. The standard deduction for dependents in 2020 is $1,100 or their earned income plus $350, whichever is greater. Bryce's earned income is $3,800, so his standard deduction is $1,450 ($1,100 + $350). He does not qualify for the additional standard deduction for being blind or over 65.
b) Same as part a., except that Bryce's wages are $6,500. Bryce's standard deduction is now $2,550 ($1,100 + $1,450), which reduces his taxable income to $3,950. Again, he does not qualify for the additional standard deduction.
c) Heather files separately from her husband, who also uses the standard deduction. Her standard deduction is $6,500, which is the amount for single filers in 2020. She does not qualify for the additional standard deduction since her spouse is not blind or over 65.
d) Juliet is claimed as a dependent by her parents and has no earned income. However, she does have taxable interest income of $5,200. Since she is blind, she qualifies for the higher standard deduction of $2,650 (the amount for single filers plus $1,650 for being blind). Her taxable income is $2,550 ($5,200 - $2,650).
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Im really behind and stuck on this assignment PLEASE help
How would costs change if you could add 100 pounds of nitrogen at 25 cents a pound and get approximately the same yield response?
By adding 100 pounds of nitrogen at 25 cents per pound and achieving a similar yield response, the overall cost of production would increase by $25. However, the benefits would depend on various factors such as crop type, soil condition, and environmental considerations.
The cost of adding 100 pounds of nitrogen at 25 cents per pound would amount to $25. If this additional nitrogen application resulted in a yield response comparable to the current nitrogen application, the cost of production would increase by that amount. However, the actual benefits of this investment would depend on several factors.
Firstly, the specific crop being grown plays a crucial role in determining the yield response to nitrogen. Different crops have varying nutrient requirements and respond differently to nitrogen application. Secondly, the existing soil condition and nutrient levels also influence the effectiveness of additional nitrogen. If the soil is already rich in nitrogen, the response to additional application may be minimal. Thirdly, environmental considerations must be taken into account. Excessive nitrogen usage can lead to environmental issues such as water pollution or greenhouse gas emissions.
Therefore, while adding 100 pounds of nitrogen at 25 cents per pound may result in a similar yield response, it is essential to consider the specific crop, soil condition, and environmental factors to determine the true cost and benefits of this investment.
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Nicole’s Salon, a Louisiana corporation, operates beauty salons in Arkansas, Louisiana, and Tennessee. These salon’s payroll by state are as follows:
Nicole’s Salon
State Payroll
Arkansas $ 138,000
Louisiana 366,750
Tennessee 726,000
Total $ 1,230,750
What are the payroll apportionment factors for Arkansas, Louisiana, and Tennessee in each of the following alternative scenarios? (Round your answers to 2 decimal places.)
rev: 11_21_2018_QC_CS-148519
a. Nicole’s Salon has income tax nexus in Arkansas, Louisiana, and Tennessee.
b. Nicole’s Salon has income tax nexus in Arkansas, Louisiana, and Tennessee, but $55,000 of the Arkansas amount is paid to independent contractors.
Using the adjusted payroll amounts, the apportionment factors for Arkansas, Louisiana, and Tennessee would be:
Arkansas: (138,000 - 55,000) / 1,175,750 = 0.07
Louisiana: 366,750 / 1,175,750 = 0.31
Tennessee: 726,000 / 1,175,750 = 0.62
a. If Nicole's Salon has income tax nexus in all three states, the apportionment factors for each state would be calculated using the following formula:
State Payroll / Total Payroll = Apportionment Factor
Using the given payroll amounts, the apportionment factors for Arkansas, Louisiana, and Tennessee would be:
Arkansas: 138,000 / 1,230,750 = 0.11
Louisiana: 366,750 / 1,230,750 = 0.30
Tennessee: 726,000 / 1,230,750 = 0.59
b. If $55,000 of the Arkansas payroll amount is paid to independent contractors, the apportionment factors for each state would need to be adjusted to exclude this amount. The total payroll for apportionment purposes would be $1,175,750 ($1,230,750 - $55,000).
Using the adjusted payroll amounts, the apportionment factors for Arkansas, Louisiana, and Tennessee would be:
Arkansas: (138,000 - 55,000) / 1,175,750 = 0.07
Louisiana: 366,750 / 1,175,750 = 0.31
Tennessee: 726,000 / 1,175,750 = 0.62
It is important for businesses to accurately calculate payroll apportionment factors in order to determine their state income tax liability in each jurisdiction where they have nexus. Independent contractors are typically excluded from the payroll amount used in the apportionment calculation.
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The following balance sheet is for a partnership in which the partners have decided to terminate operations and liquidate assets. The partners estimate liquidation expenses will be $15,000.
Cash $ 140,000 Liabilities $ 70,000
Noncash assets 280,000 Arch, capital (40%) 130,000
Bibb, capital (20%) 65,000
Dao, capital (40%) 155,000
Total assets $ 420,000 Total liabilities and capital $ 420,000
Prepare a proposed schedule of liquidation to carry out a preliminary distribution of partnership assets at the date of termination. (Amounts to be deducted should be entered with a minus sign.)
In order to prepare a proposed schedule of liquidation for this partnership, we need to first understand the assets and liabilities involved. According to the balance sheet provided, the total assets of the partnership are $420,000, while the total liabilities and capital are also $420,000. This suggests that there are no outstanding debts or obligations beyond the assets that the partnership currently holds.
Given that the partners have decided to terminate operations and liquidate assets, we can assume that all of the assets will be sold or otherwise disposed of. However, before distributing any proceeds to the partners, we need to account for any expenses associated with the liquidation process. The partners estimate that liquidation expenses will be $15,000. Therefore, we should subtract this amount from the total assets in order to determine the amount available for distribution. This leaves us with $405,000 ($420,000 - $15,000). Next, we need to determine how to distribute this amount among the partners. Typically, this would be done based on each partner's capital account balance, which reflects their share of ownership in the partnership. However, we do not have any information about capital account balances in this scenario. In the absence of this information, we can assume that the partners have an equal ownership interest in the partnership and divide the available proceeds accordingly. If there are three partners, for example, each partner would receive $135,000 ($405,000 ÷ 3). Once the distribution has been made, the partnership will be officially terminated and any remaining assets or liabilities will be resolved as necessary. This may involve paying off any outstanding debts or obligations, or distributing any remaining assets to the partners in accordance with their capital account balances.
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The Frisco Roughriders wants to explore their inventory policy on purchasing of hot dogs. They are currently using 200 cases of hot dogs per month and ordering 400 cases of hot dogs at a time. Hot Dogs Order cost $15 Holding cost per case $0.20 a. Under their current ordering scheme, what is the total cost? b. Using an EOQ model, what would their total costs? c. How much money does this save in total? d. Their supplier has offered an alternative deal of placing a monthly order of 200 cases of hot dogs. In exchange for the fixed monthly order, the supplier will change the order cost to a $10 each month. Should they take the supplier up on this offer?
They should take the supplier up on this offer: because the new deal would result in a lower total cost than both the current ordering scheme and the EOQ model.
a. The total cost under the current ordering scheme is $3,900.
b. Using an EOQ model, the total cost would be $3,366.
c. This saves a total of $534.
d. They should take the supplier up on this offer.
a. The total cost under the current ordering scheme is calculated as follows:
Total Cost = Ordering Cost + Holding Cost
Ordering Cost = (Annual Demand / Order Quantity) x Order Cost = (2,400 / 400) x 15 = $90
Holding Cost = (Order Quantity / 2) x Holding Cost per case = (400 / 2) x 0.30 = $60
Total Cost = $90 + $60 = $150
Total Cost per month = $150 / 2 = $75
Total cost for 2 months = $75 x 2 x 26 = $3,900
Therefore, the total cost under the current ordering scheme is $3,900.
b. Using an EOQ model, the total cost would be calculated as follows:
EOQ = √((2 x Annual Demand x Ordering Cost) / Holding Cost) = sqrt((2 x 2,400 x 15) / 0.30) = 774.6 (rounded up to 775)
Total Cost = (Annual Demand / EOQ) x Ordering Cost + (EOQ / 2) x Holding Cost per case
Total Cost = (2,400 / 775) x 15 + (775 / 2) x 0.30 = $81.68
Total cost for 2 months = $81.68 x 2 x 26 = $3,366.08
Therefore, the total cost using an EOQ model would be $3,366.
c. The total savings would be the difference between the total cost under the current ordering scheme and the total cost using an EOQ model, which is $3,900 - $3,366 = $534.
d. They should take the supplier up on this offer because the new deal would result in a lower total cost than both the current ordering scheme and the EOQ model. With the new deal, the total cost would be $5 x 26 + (2,400 / 12) x 5 = $430, which is significantly lower than the total cost under the current ordering scheme and the EOQ model.
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Last year at this time, Karen King bought 100 shares of an open-end mutual fund at $7.50 per share. Over the past year the fund has paid dividends of 90 cents per share and had a capital gains distribution of 80 cents per share. What is Karen's holding period return assuming that the current offer price is $8.50 and the NAV is $8.20? a) 2590 b) 32% c) 36% d) 40%
Karen's holding period return is 32%. The Option B is correct.
What is Karen King's holding period return?Holding period return = [(Ending value - Beginning value) + Income] / Beginning value
Ending value is:
= 100 shares x $8.50
= $850
Beginning value is:
= 100 shares x $7.50
= $750
The income is:
= (100 shares x $0.90) + (100 shares x $0.80)
= $170
The holding period return is:
= [($850 - $750) + $170] / $750
= 32%.
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True/False: to be effective as a follower, it is necessary to implement decisions made by a leader even when they are misguided or unethical.
The given statement To be effective as a follower, it is not necessary to implement decisions made by a leader when they are misguided or unethical is false In fact, blindly following a leader in such situations can lead to negative consequences for both the organization and its stakeholders.
A responsible follower should be able to question the leader's decisions when they seem to be misguided or unethical. This does not mean that the follower should openly challenge or confront the leader, but rather they should seek to understand the reasoning behind the decision and provide alternative perspectives that may lead to better outcomes.
An effective follower should also be able to recognize when a leader's decision crosses ethical boundaries and be willing to speak up and take action to prevent or rectify any harm caused. This requires courage and a commitment to ethical principles, even if it means going against the wishes of the leader or the organization.
In summary, being an effective follower requires critical thinking, ethical decision-making, and the ability to balance the needs of the organization with those of its stakeholders. Blindly following a leader, especially when they make misguided or unethical decisions, is not an effective approach and can lead to negative consequences.
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the firm will earn zero economic profit if the market price is ___a. $0. b. $6. c. $7. d. $10.
The firm will earn zero economic profit if the market price is $7. The correct option is c. $7.
Economic profit is the difference between total revenue and total economic cost, which includes both explicit (out-of-pocket) costs and implicit (opportunity) costs. When the market price is below the firm's average total cost (ATC), the firm incurs a loss and earns negative economic profit. Conversely, when the market price exceeds the firm's ATC, the firm earns a positive economic profit.
At a market price of $0, the firm cannot cover its explicit costs, let alone its implicit costs, and thus incurs a loss. At a market price of $6, the firm's total revenue equals its total variable cost (TVC), but it is still below the ATC, resulting in a loss. At a market price of $10, the firm's total revenue exceeds both the TVC and the ATC, resulting in a positive economic profit.
However, at a market price of $7, the firm's total revenue equals its ATC, but does not cover its implicit costs, resulting in zero economic profit. In other words, the firm is earning enough to cover its out-of-pocket costs, but not enough to justify its opportunity cost of capital and resources. Therefore, the firm has no incentive to enter or exit the market at this price. The correct option is c. $7.
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