Answer:
C is the correct answer
Explanation:
Denying the loan because the person is unlikely to pay it back is a bank most likely to take when evaluating a loan application from a person with a low credit score and a poor credit history.
What is loan application?Borrowers apply for loans via a loan application. Through the loan application, borrowers provide vital financial information to the lender.
The loan application is crucial in determining whether or not the lender will approve your funding or credit request.
Thus, option C is correct.
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Advantages of large group communication ?
Answer:
1: Increased output: The first and most important advantage of group work is, that it increases total productivity
2: More resources :The more member you have in a group, the resources you have at the end of the day...
3: Reliability: Project are safer with team than with individual.
4: proper decision making
5:Exposure to diversity.
Answer:
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Explanation:
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Total fixed costs for Diamond Enterprises are $800,000. Total costs, including both fixed and variable, are $890,000 if 120,000 units are produced. What would be the fixed cost per unit at 200,000 units?a) $4.00 per unitb) $7.42 per unitc) $4.45 per unitd) $0.45 per unit
Answer:
a. $4.00 per unit
Explanation:
Variable costs are those costs that varies with output level e.g labor cost, while fixed costs are those costs that do not change irrespective of output level. eg rent.
Given that ,
Total cost = $890,000
Total fixed cost = $800,000
Variable cost = Total cost - Total fixed cost
Variable cost = $890,000 - $800,000 = $90,000
Number of units = 200,000
Fixed cost per unit = Total fixed cost / Number of units
Fixed cost per unit = $800,000 / 200,000 = $4 per unit
An important tool in predicting the volume of activity, the costs to be incurred, the sales to be made, and the profit to be earned is:______
a. target income analysis
b. cost - volume profit analysis
c. least -square regression of costs
d, varaince analysis
e. process costing
Answer:
b. cost - volume profit analysis
Explanation:
Cost - volume profit analysis (CVP) is a tool the is used for mix of products sold, unit variable cost, total fixed costs, break-even point, sales volume, selling price.
CVP is a way that business gauge the different levels of cost and production volume on profit.
CVP is also called break even analysis which determines at which production level a business makes profit.
This analysis assumes that price, variable cost and fixed cost are constant.
The analysis allows companies get an accurate volume of units of products that will begin to bring in profits (break even)
Discuss how structural dimensions of the firm, including formalization, standardization, and centralization, can affect the firm’s propensity to innovate and its effectiveness at innovation
Explanation:
A company's organizational structure can be defined as the organization of the company's activities so that it operates more efficiently and effectively and achieves its objectives and goals.
Therefore, the structural dimensions of a company including formalization, standardization and centralization will directly influence the innovation of an organization in relation to several variables such as its internal environment, processes, products and services, as there are organizational structures that are more focused on innovation than others, such as the horizontal structure in relation to the vertical, since the vertical structure is the most rigid and with a higher hierarchy, while in the horizontal structure there is greater autonomy of employees and greater participation in the decision-making process, which is a more flexible environment open to innovation.
Noma plans to save $3,400 per year for the next 35 years. If she can earn an annual interest rate of 9.2 percent, how much will she have in 35 years? a) $716,300.24 b) $119,000.00c) $767,464.54 d) $83807128 e) $734,09652
Answer:
c) $767,464.54
Explanation:
The computation of the future value of an annuity is shown below:
As we know that
Future value of annuity F = Payment made × ((1 + rate of interest)^t - 1) ÷ r ate of interest
= $3,400 × (1.092^35 - 1) ÷ 0.092
= $3,400 × 225.7249
= $767,464.54
Hence, the future value of an annuity is $767,464.54
Therefore the correct option is c.
Both of these changes happen simultaneously in a market: the supply of good X falls and the demand for good X rises. This will result in:_______
a. an increase in both the equilibrium price and quantity in the market.
b. an increase in the equilibrium quantity and an uncertain impact on the equilibrium price
c. a decrease in both the equilibrium price and quantity in the market.
d. an increase in the equilibrium price and an uncertain impact on the equilibrium quantity.
Answer:
d.
Explanation:
This scenario will result in an increase in the equilibrium price and an uncertain impact on the equilibrium quantity. This is because when customers in a market want a product but there is very little supply exists it makes the product more valuable and thus increases the price since consumers are willing to pay more for that product to get their hands on it. Scarcity increases price always, but while the supply and demand of a product are not the same this causes an uncertain impact on the equilibrium quantity.
Having determined that June's poor work performance is related to a lack of ability, what is the first question you should ask?A) Why does June have a poor attitude?B) Does June lack commitment?C) Does June have the resources to do the job?D) Why doesn't June try harder?
The price of TSC stock will be either $42 or $46 at the end of the year. Currently, T-bills yield 4.1 percent and TSC sells for $43 a share. What is the per share value of a one-year TSC call option if the exercise price is $45 per share?
a. $1.03
b. $.66
c. $.72
d. $.81
e. $0
Answer:
b. $.66
Explanation:
The computation of the per share value for the one year is
Given that
Current Price = $43
Possible Prices = $42 and $46
Now
u = [($46 - $43) ÷ $43] + 1
= 1.06977
And
d = 1 - [($42 - $43) ÷ $43]
= 0.9767
And,
Risk-Free Rate = T-Bill Rate = Rf = 4.1 %
Now the up move price probability is
= [(1 + Rf) - d] ÷ [u - d]
= [(1.041) - 0.9767] ÷ [1.06977 - 0.9767]
= 0.69088
And,
Exercise Price = $ 45
Now
If the Price is $42, so Payoff = $0
And
if the Price is $46, so Payoff =is
= ($46 - $45)
= $1
Finally the call price is
= [0.69088 × 1 + (1 - 0.69088) × 0] ÷ 1.041
= $0.66367
= $0.66
Equipment that was purchased for $900,000 has a current book value of $450,000. Assume a capital gains tax rate of 28%. Compute the net tax payment or savings if you sell the equipment for $271,400.
Answer: Savings on taxes of -$50,008
Explanation:
Book Value = $450,000
Selling Price = $271,400
Book Value is more than selling price so there is a Capital loss.
Capital gains tax will therefore become a tax saving of;
= 28% * (271,400 - 450,000)
= -$50,008
Crane Company sells two types of computer hard drives. The sales mix is 30% (Q-Drive) and 70% (Q-Drive Plus). Q-Drive has variable costs per unit of $30 and a selling price of $90. Q-Drive Plus has variable costs per unit of $45 and a selling price of $135. Crane’s fixed costs are $486000. How many units of Q-Drive would be sold at the break-even point?
Answer:
1,800 units
Explanation:
With regards to the above, we need to find first the contribution margin of Q drive.
Contribution margin of Q drive = Selling price - Variable costs per unit
= $90 - $30
= $60
We will also find contribution margin of Q drive plus
Contribution margin of Q drive plus = Selling price - Variable costs per unit
= $135 - $45
= $90
Therefore, the combine contribution margin for both drive
= 30% × $60 + 70% × $90
= $18 + $63
= $81
The next step is to find the total break even point
= Crane company's fixed costs / Combined contribution margin
= $486,000 / $81
= 6,000 units
Furthermore, it means that Q drive would be sold at the break even point = Total break even point × Sales mix
= 6,000 × 30%
= 1,800 units
An increase in income:________. A. changes relative prices of goods the consumer buys. B. shifts the budget constraint outward. C. shifts the budget constraint inward. D. leads to the substitution effect.
Answer: B. shifts the budget constraint outward
Explanation:
An increase in the income of a consumer will bring about an outward shift of the budget constraint. This is because when the income of a consumer rises, such consumer can buy more goods and services.
Also, a decrease in income will result into an inward shift of the budget constraint. This is because lesser goods are purchased.
Goodwill is: Group of answer choices Amortized over the greater of its estimated life or forty years. Only recorded by the seller of a business. The excess of the fair value of the consideration exchanged for the company over the fair value of net assets acquired. None of these.
Explanation:
Goodwill in accounting is an intangible asset that arises when a buyer acquires an existing business. Goodwill represents assets that are not separately identifiable. Goodwill does not include identifiable assets that are capable of being separated or divided from the entity and sold, transferred, licensed, rented, or exchanged, either individually or together with a related contract, identifiable asset, or liability regardless of whether the entity intends to do so. Goodwill also does not include contractual or other legal rights regardless of whether those are transferable or separable from the entity or other rights and obligations. Goodwill is also only acquired through an acquisition; it cannot be self-created. Examples of identifiable assets that are goodwill include a company’s brand name, customer relationships, artistic intangible assets, and any patents or proprietary technology. The goodwill amounts to the excess of the "purchase consideration" (the money paid to purchase the asset or business) over the net value of the assets minus liabilities. It is classified as an intangible asset on the balance sheet, since it can neither be seen nor touched. Under US GAAP and IFRS, goodwill is never amortized, because it is considered to have an indefinite useful life. Instead, management is responsible for valuing goodwill every year and to determine if an impairment is required. If the fair market value goes below historical cost (what goodwill was purchased for), an impairment must be recorded to bring it down to its fair market value. However, an increase in the fair market value would not be accounted for in the financial statements. Private companies in the United States, however, may elect to amortize goodwill over a period of ten years or less under an accounting alternative from the Private Company Council of the FASB.
Joe's Mart policy is to have 20% of the next month's sales on hand at the end of the current month. Projected sales for August, September, and October are 36,000 units, 31,000 units, and 41,000 units, respectively. How many units must be purchased in September?A. 16,000.B. 17,000.C. 22,000.D. 26,000.E. 28,000.
Answer:
the number of units purchased in September is 33,000 units
Explanation:
The computation of the number of units purchased in September is shown below:
= September sales + desired ending inventory - beginning inventory
= 31,000 + 41,000 × 20% - 31,000 × 20%
= 31,000 + 8,200 - 6,200
= 33,000 units
This is the answer but the same is not provided in the given options
hence, the number of units purchased in September is 33,000 units
We simply applied the above formula so that the correct value could come
And, the same is to be considered
A corporation has issued 25,000 shares of $100 par common stock and holds 3,000 of these shares as treasury stock. If the corporation declares a $2 per share cash dividend, what amount will be recorded as cash dividends?
a. $22,000
b. $25,000
c. $44,000
d. $50,000
Answer:
c. $44,000
Explanation:
Calculation for the amount that will be recorded as cash dividends
Cash Dividend=(25,000 shares- 3,000 Treasury stock) * $2 per share
Cash Dividend=22,000*$2 per share
Cash Dividend=$44,000
Therefore the amount that will be recorded as cash dividends is $44,000
Right Hand inc.'s company structure is designed to provide focus to each distinct industry the company serves. This is an example of a __ structure.
Answer:
Product
Explanation:
The product structure is a structure that gives an overview of the product to the customers and according to the customer needs and wants the product could be customized. Also the company have to see the customer taste and preferences and modify there products from time to time so that the company could able to accomplish its sales target
Here in the question, the company focused on each and every different industry that the company serves
So this represents the product structure
Discuss about Financial System and its impact on the strategic Financial Management
Answer:
The modern Financial System is based on a central bank that controls the monetary base (but not the money supply), and in fractional reserve banking. The implicaton of this, is that banks loan out some of the money that they obtain as deposits, and in this process they create money.
Explanation:
The Financial System is influenced by this process of money creation, because when the money that circulates in the economy (the money supply) changes, interest rates also change.
Interest rates are the price of investment, and the most important indicator that a financial manager has to take into account when making a financing decision.
Financial managers must also take into account the different types of financial institutions that exist, from hedge funds, to commercial banks, to cooperatives, and the different types of securities, from stocks, to bonds, to derivatives and futures.
Which of the following cannot be the characteristic of entrepreneurial climate
Answer:
-900000000000000000000000000
Explain the Virtuous cycle
RedEx Shipping determined the rate to apply overhead based on direct labor hours would be $5.40, and based on machine hours would be $4.20. Job 664 used $26.00 of direct materials, 2.5 machine hours, and 4 hours of direct labor at a cost of $14 per hour. How much is the manufacturing cost of job 664 if RedEx Shipping applies overhead based on machine hours?
a. $92.50
b. $10.50
c. $21.60
d. $103.60
Answer:
Manufacturing cost= $92.5
Explanation:
Giving the following information:
Predetermined overhead rate= $4.2 per machine hour
Job 664:
2.5 machine hours
$26.00 of direct materials
4 hours of direct labor for $14 per hour.
To allocate overhead, we need to use the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 4.2*2.5= $10.5
Now, the manufacturing cost:
Manufacturing cost= 10.5 + 26 + 4*14
Manufacturing cost= $92.5
At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $16,000. Instructions Journalize and post the adjusting entry for bad debts at December 31, 2020. Journalize and post to the allowance account the following events and transactions in the year 2020. March 1, a $1,900 customer balance originating in 2020 is judged uncollectible. May 1, a check for $1,900 is received from the customer whose account was written off as uncollectible on March 1. Journalize the adjusting entry for bad debts on December 31, 2020. Assume that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $2,000, and the aging schedule indicates that total estimated bad debts will be $38,300.
Answer:
a. Journal Entry
Date Account Titles Debit Credit
Dec 31 Bad Debts Expense $16,000
Allowance for Doubtful Accounts $16,000
To record bad debts expense.
b. Journal Entries:
Date Account Titles Debit Credit
Mar 1 Allowance for
Doubtful Accounts $1,900
Accounts Receivable $1,900
To record the write-off of uncollectible account.
Date Account Titles Debit Credit
May 1 Accounts Receivable $1,900
Allowance for Doubtful Accounts $1,900
To record the reversal of the March 1, 2020 entries.
Date Account Titles Debit Credit
May 1 Cash $1,900
Accounts Receivable $1,900
To record the receipt of check from the customer.
c. Journal Entries:
Date Account Titles Debit Credit
Dec. 31 Bad Debts Expense $40,300
Allowance for Doubtful Accounts $40,300
To record bad debts expense and bring the Allowance for Doubtful Accounts to a credit balance of $38,300.
Explanation:
a) Adjusting journal entries are necessary to ensure that the accounts are reported in accordance with the accrual concept.
The vast improvement in communications technology and globalization has caused the degree of competition many local retail businesses face to ___________.
a. fluctuate drastically
b. increase
c. decrease
d. stay the same
Answer:
b. increase
Explanation:
These changes have caused competition to greatly increase. This is mainly because with these changes anyone from around the world can provide the same services/products that a local retail business can provide while reaching customers from all over the world. Therefore, also competing with any retail brick-and-mortar business from any part of the world. Customers can easily communicate with these online businesses and purchase their products/services from the comfort of their homes and usually at a much better price.
Accounting Employees view budgeting more positively when goals are established for them by senior management.
a. True
b. False
Answer:
B
Explanation:
Common problems being faced by internet users with having an online business
Answer:
businesses are facing issues for a number of reasons. one of which is that websites may crash with a large amount of users on a website at any given period.
Explanation:
What type of research is being used when gathering data from structured survey responses that are numerical in nature?A. Qualitative.
B. Observational.
C. Quantitative.
D. Secondary.
E. Tertiary.
Answer:
C. Quantitative.
Explanation:
Here in the question it is mentioned that the research type which is used at the time when the data is gathered from structured survey that response and are in the numerical so here the numerical means the data which can be count and we called as a quantitative
Therefore the option C is correct
hence, the same is to be considered
Earnings of workers are typically decreased by
What are the difference between aims and goal
Answer:
Goal is a set target that a person wants to achieve, while Aim is the determined course a person sets to achieve a target.
Calculate the federal income tax liability of a worker who earned $522,503 in 2019, and who takes the standard deduction of $12,200. Keep in mind that calculations of federal income tax drop any numbers after the decimal point.
Answer:
Tax liability = $157,611 (Approx)
Explanation:
Taxable Income = Gross Income – Standard Deduction
Taxable Income = $522,503 - $12,200
Taxable Income = $510,303
Calculation of tax liability:
Tax liability = ($9,700 x 10%) + [($39,475 - $9700) x 12%] + [($84,200 - $39,475) x 22%] + [($160,725 - $84,200) x 24%] + [($204,100 - $160,725) x 32%] + [($510,300 - $204,100) x 35%] + [($510,303 - $500,000) x 37%]
Tax liability = $157,611 (Approx)
The Firm X just paid a dividend of $1.26 per share on its stock. The dividends are expected to grow at a constant rate of 5% per year indefinitely. If investors require a 10% return on Firm X stock, what is the current price?
Answer: $26.46
Explanation:
The value of the stock can be solved using the Gordon growth model.
[tex]= \frac{Current dividend * (1 + growth)}{required return - growth rate} \\\\= \frac{1.26 * (1 + 0.05)}{0.10 - 0.05}\\\\= 26.46[/tex]
= $26.46
Southwest U's campus book store sells course packs for $15 each, the variable cost per pack is $10, fixed costs to produce the packs are $200,000, and expected annual sales are 50,000 What are the pre-tax profits from sales of course packs?A. $72,900.B. $81,000.C. $90,000.
D. $100,000.
E. $110,000.
Answer:
Pre-tax income= $50,000
Explanation:
Giving the following information:
Selling price per unit=$15 each
Unitary variable cost= $10
Fixed costs= $200,000
Sales in units= 50,000
First, we will determine the unitary contribution margin:
Unitary contribution margin= 15 - 10= $5
Now, the pre-tax income:
Pre-tax income= 50,000*5 - 200,000
Pre-tax income= $50,000
Suppose your firm operates in a perfectly competitive market and decides to double its output. How does this affect the firm's marginal profit?A) Marginal revenue and marginal cos inerese B) Marginal revenue increases but marginal cost remain the same. C) Marginal cost may change but marginal revenue remains the same D) Marginal revenue and marginal cost decrease
Answer: C) Marginal cost may change but marginal revenue remains the same
Explanation:
In a perfect competition the price is set by the market which means that one individual firm cannot change the price. This means that the marginal revenue for everyone is the same. If your firm decided to double its output, total revenue might change but marginal revenue will remain the same.
The marginal cost may change as well because marginal cost is unique to firms so if your firm wants to double output, it might find that it will cost more or less to produce an additional unit of a good.