Del Gato Clinic's bank reconciliation reveals a $693 adjusted balance, accounting for outstanding checks, bank service charge, and unrecorded cash receipts.
The bank reconciliation for Del Gato Clinic is as follows: The adjusted balance is obtained by subtracting the outstanding checks ($1,522) and adding the unrecorded cash receipts ($2,204) to the bank statement balance ($10,864).
The adjusted balance is $12,546 ($10,864 + $2,204 - $1,522). To reconcile this with the cash account balance, we consider the errors and discrepancies.
Check No. 919 is adjusted by deducting the recorded amount ($398) and adding the correct amount ($389) to the cash account. The bank service charge of $20 is also deducted. After making these adjustments, the adjusted cash account balance is $11,557, matching the bank reconciliation's adjusted balance.
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Del Gato Clinic's bank reconciliation reveals a $693 adjusted balance, accounting for outstanding checks, bank service charge, and unrecorded cash receipts.
The bank reconciliation for Del Gato Clinic is as follows: The adjusted balance is obtained by subtracting the outstanding checks ($1,522) and adding the unrecorded cash receipts ($2,204) to the bank statement balance ($10,864).
The adjusted balance is $12,546 ($10,864 + $2,204 - $1,522). To reconcile this with the cash account balance, we consider the errors and discrepancies. Check No. 919 is adjusted by deducting the recorded amount ($398) and adding the correct amount ($389) to the cash account. The bank service charge of $20 is also deducted. After making these adjustments, the adjusted cash account balance is $11,557, matching the bank reconciliation's adjusted balance.
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Required information Use the following information for the Exercises below. (Algo) (The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3 , the owner contributed $83,540 in assets in exchange for its common stock to launch the business. On December 31 , the company's records show the following items: and amounts. Exercise 1-18 (Algo) Preparing an income statement LO P2 Using the above information prepare a December income statement for the business.
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The solution to the problem is that the December income statement for Ernst Consulting business will be Revenue of $6,720, Salaries expense of ($1,990), Supplies expense of ($370), Utilities expense of ($270), Rent expense of ($2,000), Insurance expense of ($120), Depreciation expense of ($200), Interest expense of ($50) and Net income of $1,670.
In the problem given above, Jasmine Ernst, a business owner, organized Ernst Consulting on December 1 and invested assets worth $83,540 on December 3 in exchange for common stock to launch her business.
On December 31, the company records show the following items and amounts.
Using the above information, we have to prepare an income statement for the business. First, let's define an income statement.
An income statement is a report that records the earnings and expenses of a company over a specified period of time, typically a quarter or a year. It presents the business's net revenue and expenses and calculates the resulting net income (or loss).
Now, let's calculate the Ernst Consulting's income statement using the following information:
Revenue: $6,720
Salaries expense: $1,990
Supplies expense: $370
Utilities expense: $270
Rent expense: $2,000
Insurance expense: $120
Depreciation expense: $200
Interest expense: $50
Net income: $1,670
The income statement's format is shown below:
Ernst Consulting Income Statement For the month ended December 31, 20XX
Revenue $6,720
Salaries expense ($1,990)
Supplies expense ($370)
Utilities expense ($270)
Rent expense ($2,000)
Insurance expense ($120)
Depreciation expense ($200)
Interest expense ($50)
Net income $1,670
Hence, the solution to the problem is that the December income statement for Ernst Consulting business will be Revenue of $6,720, Salaries expense of ($1,990), Supplies expense of ($370), Utilities expense of ($270), Rent expense of ($2,000), Insurance expense of ($120), Depreciation expense of ($200), Interest expense of ($50) and Net income of $1,670.
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Minion, inc. , has no debt outstanding and a total market value of $211,875. Earnings before interest and taxes, ebit, are projected to be $14,300 if economic conditions are normal. If there is strong expansion in the economy, then ebit will be 20 percent higher. If there is a recession, then ebit will be 35 percent lower. The company is considering a $33,900 debt issue with an interest rate of 6 percent. The proceeds will be used to repurchase shares of stock. There are currently 7,500 shares outstanding. Ignore taxes for this problem.
Minion, Inc. is a company with no debt and a total market value of $211,875. They are considering issuing a $33,900 debt with an interest rate of 6% to repurchase shares of stock. Currently, there are 7,500 shares outstanding.
To analyze the impact of the debt issue, we need to consider the different scenarios based on economic conditions.
Considering the debt issue, the company needs to assess whether the benefits of repurchasing shares outweigh the costs of the debt. The impact of the debt issue on the market value of the company will depend on the economic conditions.
In a strong expansion scenario, the market value may increase, while in a recession scenario, it may decrease. The debt issue may also have an effect on the company's earnings.Minion, Inc. has a total market value of $211,875 and no debt.EBIT is projected to be $14,300 under normal economic conditions.In a strong expansion, EBIT will be 20% higher, and in a recession, it will be 35% lower.
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Saffi is performing risk-planning for his project and has identified several problems along with the causes of those problems. Which of the following should he use to show each problem and its causes and effects? a) Root cause analysis b) Benchmarking c) Decision tree diagram
Saffi is performing risk planning for his project and has identified several problems along with the causes of those problems. Root cause analysis should he use to show each problem and its causes and effects. Root cause analysis is a systematic process used to identify underlying causes of the problems in an organization.
It is used to investigate the primary cause of problems and uncover the root cause of that problem. In order to get to the root cause of a problem, one must explore and analyze the contributing factors that lead to the problem. Root cause analysis is used in project management to identify the root cause of a problem and find ways to prevent it from occurring in the future.
In project management, risk planning is an essential part of the project management process. It is used to identify potential risks that could negatively impact the project and develop strategies to prevent or mitigate them. Root cause analysis is one of the methods used in risk planning to identify the underlying causes of a problem and find ways to prevent it from happening again.
In conclusion, Root cause analysis is the best method to show each problem and its causes and effects. It will help Saffi to identify the root cause of each problem and find ways to prevent it from happening again.
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Which of the following development methods is most suitable to build teamwork amongst employees?
Group of answer choices
a) Outdoor development experiences.
b) Job rotation.
c) Classroom, courses and seminars.
d) Committee assignments
The outdoor development experiences development method is most suitable to build teamwork among employees.
Outdoor development experiences are a form of experiential learning that involves a group of employees working together to achieve a goal or complete a challenge in an outdoor setting. Therefore, option A is the correct answer. Outdoor development experiences are useful for team building because they enable individuals to work collaboratively towards a common goal. Outdoor development experiences can include activities such as ropes courses, survival exercises, hiking, and camping trips, among others. By participating in these experiences, employees can develop a greater sense of trust and mutual respect for one another, which can translate into improved teamwork in the workplace. In conclusion, outdoor development experiences are an excellent method for building teamwork among employees, as they provide opportunities for individuals to work together, solve problems, and develop trust and respect for one another. Therefore, option A is the correct answer.
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The outdoor development experiences development method is most suitable to build teamwork among employees.
Outdoor development experiences are a form of experiential learning that involves a group of employees working together to achieve a goal or complete a challenge in an outdoor setting. Therefore, option A is the correct answer. Outdoor development experiences are useful for team building because they enable individuals to work collaboratively towards a common goal. Outdoor development experiences can include activities such as ropes courses, survival exercises, hiking, and camping trips, among others. By participating in these experiences, employees can develop a greater sense of trust and mutual respect for one another, which can translate into improved teamwork in the workplace. In conclusion, outdoor development experiences are an excellent method for building teamwork among employees, as they provide opportunities for individuals to work together, solve problems, and develop trust and respect for one another. Therefore, option A is the correct answer.
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What is a major advantage of the fact that the Bank of Cotwhts is hanghy independent? Monetary policy is not subject to control by politicians Monetary policy cannot be changed once it has been completed. Monetary policy will always be coordinated with fiscal policy. Monetary policy is subject to regular ratification by parliamentary votes.
A major advantage of the fact that the Bank of Cotwhts is hanghy independent is that Monetary policy is not subject to control by politicians.
The Bank of Cotwhts being independent means that it is not influenced by political affiliations. The bank has the mandate to implement monetary policies that will help stabilize the economy and control inflation. This advantage ensures that the monetary policies are not influenced by the government of the day, thus protecting them from the whims of politicians.
This results in economic policies that are less vulnerable to political pressure, ensuring the independence of monetary policy decisions made by the bank. It is a critical attribute as it ensures that the bank makes monetary decisions based on its mandate and not the whims of politicians.
Therefore, a major advantage of the fact that the Bank of Cotwhts is hanghy independent is that Monetary policy is not subject to control by politicians.
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Torts & Crimes Discuss whether or not Exxon committed any crimes or torts as a result of this oil spill. Post at least a 250 word discussion of this issue. Make sure to support your statements with specific examples that are supported by a citation. Support your discussion with at least 2 Internet citations in APA style.
Exxon is one of the largest corporations in the world, with operations in the energy, chemicals, and petroleum industries. In March 1989, the Exxon Valdez, an oil tanker owned by Exxon, spilled more than ten million gallons of crude oil into the Prince William Sound in Alaska.
The spill had devastating environmental effects and resulted in significant damage to the local economy, including the fishing and tourism industries.
Torts and Crimes: Exxon's Response
Exxon's response to the oil spill has been the subject of significant criticism. The corporation initially tried to minimize the extent of the damage, claiming that the spill was not as severe as it actually was. Exxon also refused to take responsibility for the spill, arguing that it was the fault of the ship's captain, Joseph Hazelwood, who had been drinking at the time of the accident.
Furthermore, Exxon also took steps to avoid paying damages to those affected by the spill. The corporation hired a team of lawyers to fight against claims made by local residents and businesses, arguing that the damages were not as significant as had been claimed.
Exxon's actions in response to the oil spill can be seen as both torts and crimes. From a tort perspective, Exxon can be held liable for the damages caused by the spill, including harm to the environment, property, and local businesses.
Exxon's efforts to avoid paying damages can also be seen as tortious behavior. The corporation had a duty to compensate those affected by the spill, and by failing to do so, it breached that duty.
From a criminal perspective, Exxon can be held responsible for violating environmental laws and regulations. The corporation's efforts to downplay the extent of the damage and avoid paying damages could also be seen as criminal acts.
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the conceptual anchor that suggests that ob should be studied using evidence-based management and methodical research techniques is the _____ anchor.
The conceptual anchor that suggests that OB should be studied using evidence-based management and methodical research techniques is the Scientific anchor.
OB (Organizational Behavior) is a field of study that investigates how people, organizations, and structures interact.
It involves the study of human behavior in organizations and the factors that affect this behavior.
How is OB studied?
OB is studied using evidence-based management and methodical research techniques.
These techniques include systematic observation, controlled experiments, and quantitative analysis.
What is the Scientific anchor?
The Scientific anchor is a conceptual anchor that suggests that OB should be studied using evidence-based management and methodical research techniques.
It is grounded in the belief that OB can be studied using the same scientific methods used in other disciplines,
such as physics, chemistry, and biology.
As such, it emphasizes the importance of empirical research,
data analysis, and the use of scientific theories and models to understand and explain organizational behavior.
The Scientific anchor also promotes the use of quantitative methods to measure and analyze the behavior of individuals and groups within organizations.
This involves the use of statistical analysis,
hypothesis testing,
and other mathematical techniques to study the relationships between variables and to develop predictive models that can be used to guide decision-making in organizations.
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Prepaid (deferred) expenses adjustments LO P1 For each separate case below, follow the three-step process for adjusting the prepaid asset account at December 31. Step 1: Determine what the current account balance equals. Step 2: Determine what the current account balance should equal. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2 . Assume no other adjusting entries are made during the year. c. Prepaid Rent. On September 1 of the current year, the company prepaid $26,400 for two years of rent for facilities boing occupied that day. The company doblted Prepaid Rent and credited Cash for $26,400. Step 3: Record the December 31 adjusting entry to get from step 1 to step 2 .
Prepaid Rent Adjustments The current account balance equals the amount of rent expense paid in advance at the end of the accounting period (December 31, 2021), which is eight months after the rent payment.
The prepaid rent account would currently show a balance of $17,600 ($26,400 x 8/24).
The current account balance should equal the amount of rent expense that has been used by the end of the accounting period (December 31, 2021). We know that the company paid for two years of rent on September 1, 2021.
the total rent expense is $26,400 x 2 years = $52,800. Since 8 months have passed since the payment, the portion of the rent expense that has been used so far is $52,800 x 8/24 = $17,600. Thus, the prepaid rent account balance should also be $17,600.
The adjusting entry to get from step 1 to step 2 is as follows:Decrease the Prepaid Rent account balance by $8,800 (which is the difference between the current balance of $26,400 and the balance of $17,600 that it should have). Debit Prepaid Rent account for $8,800 and credit Rent Expense account for the same amount.
Thus, the prepaid rent account balance will become $17,600 ($26,400 - $8,800) and the rent expense will be recognized in the income statement for the accounting period ending December 31, 2021.Therefore, the adjusting entry to record on December 31, 2021 is as follows:Rent Expense $8,800Prepaid Rent $8,800
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As a new entrant to the work force you will be asked to participate in a retirement plan at work, If offered a 401K vs. a Roth 401k, which would you pick and why? If you were to leave your company at future date, what would you do with the money and why?
As a new entrant to the workforce, participating in a retirement plan is essential to ensure a financially secure future. Two popular options that an employer might offer to its employees include a traditional 401k and a Roth 401k. In this essay, we will explore both options and discuss which one is the better choice for a new entrant to the workforce.
A traditional 401k plan allows an employee to contribute to their retirement savings before taxes. It means that the amount of taxable income is reduced by the contribution amount. Therefore, it reduces the tax liability for the employee at the time of contribution. The employee will be taxed when they withdraw the money during retirement.
On the other hand, a Roth 401k is an after-tax retirement account. The employee contributes the money after paying taxes on it. It means that the money will grow tax-free, and there will be no taxes on the earnings or the contributions when the employee withdraws the money.
The Roth 401k is the better option for a new entrant to the workforce. Since the employee is at the beginning of their career, they are likely to be in a lower tax bracket. Therefore, it is more beneficial to pay taxes now and enjoy tax-free growth and tax-free withdrawals during retirement.
If a new entrant were to leave their company, they would have several options. They could leave the money in the company's retirement plan, roll it over to an IRA, or withdraw it. If they withdraw the money before the age of 59 1/2, they would be subject to a 10% early withdrawal penalty. They would also have to pay taxes on the money withdrawn. Therefore, it is recommended to leave the money in the retirement account or roll it over to an IRA.
In conclusion, a Roth 401k is the better option for a new entrant to the workforce as it offers tax-free growth and withdrawals during retirement. If the employee leaves the company, it is recommended to leave the money in the retirement account or roll it over to an IRA.
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Kindly Answer these Parts quickly... As its my final assignment.
Question# 01:
a. Why is there a tendency for collusion to occur in oligopolistic industries? Explain with the help of a diagram the process of determination of price and output in a collusive oligopoly.
b. Explain how the price leadership might evolve and function in an oligopolistic industry. Explain with a diagram the problem of determination of price and output in the case of price leadership.
c. What is a cartel? How are price and output determined in a cartel? Also, describe the conditions for the success of a cartel.
d. Explain and discuss the theory of marginal productivity.
e. How are the price and employment of a resource determined under perfect competition? Also, describe how the optimum allocation of resources takes place under perfect competition.
How are the price and employment of a resource determined under Monopoly? Also, describe how a Monopolist ends up in exploiting the resources.
a. There is a tendency for collusion to occur in oligopolistic industries because the firms in these industries have a significant amount of market power and are interdependent. If one firm changes its price or output, it will affect the market conditions for the other firms.
b. Price leadership might evolve and function in an oligopolistic industry when one firm is recognized as the dominant firm and sets the price, which the other firms then follow. The dominant firm takes into account the market conditions and the reactions of the other firms when setting the price. The problem of determination of price and output in the case of price leadership is that the leader firm might not take into account the costs and the profit-maximizing output of the other firms.
c. A cartel is an agreement between firms to restrict output and raise prices in order to increase their joint profits. Price and output are determined in a cartel through agreements between the firms on the quantity of output to produce and the price to charge. The conditions for the success of a cartel are that the firms must have significant market power, there must be a small number of firms in the industry, and the agreement must be enforceable.
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pleasant hills properties is developing a golf course subdivision that includes 250 home lots; 100 lots are golf course lots and will sell for $94,325 each; 150 are street frontage lots and will sell for $65,450. the developer acquired the land for $1,800,000 and spent another $1,400,000 on street and utilities improvement. compute the amount of joint cost to be allocated to the street frontage lots using value basis. (round your intermediate percentages to 2 decimal places.) multiple choice $1,920,000. $1,568,000. $1,080,000. $1,632,000. $720,000.
Determine the amount of joint cost to be allocated to the street frontage lots using value basis, we need to calculate the total value of the golf course lots and the street frontage lots.
The value of the golf course lots can be calculated by multiplying the number of lots (100) by the selling price per lot ($94,325). So, the total value of the golf course lots is
100 * $94,325 = $9,432,500.
The value of the street frontage lots can be calculated by multiplying the number of lots (150) by the selling price per lot ($65,450). So, the total value of the street frontage lots is
150 * $65,450 = $9,817,500.
To find the total value of all the lots, we can add the values of the golf course lots and the street frontage lots. Therefore, the total value of all the lots is
$9,432,500 + $9,817,500 = $19,250,000.
Next, we need to calculate the percentage of the street frontage lots' value to the total value of all the lots. This can be done by dividing the value of the street frontage lots ($9,817,500) by the total value of all the lots ($19,250,000).
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Fuzzy Monkey Technologies, Inc., purchased as a long-term investment $240 million of 6% bonds, dated January 1, on January 1, 2018. Management intends to have the investment available for sale when circumstances warrant. When the company purchased the bonds, management elected to account for them under the fair value option. For bonds of similar risk and maturity the market yield was 8%. The price paid for the bonds was $219 million. Interest is received semiannually on June 30 and December 31. Due to changing market conditions, the fair value of the bonds at December 31, 2018, was $230 million.
Required:
1. to 3. Prepare the relevant journal entries on the respective dates (record the interest at the effective rate).
4-a. At what amount will Fuzzy Monkey report its investment in the December 31, 2018, balance sheet?
4-b. Prepare the journal entry necessary to achieve this reporting objective.
5. How would Fuzzy Monkey’s 2018 statement of cash flows be affected by this investment assuming Fuzzy anticipates holding these investments for a sufficiently long period?
1. Jan 1, 2018: Investment in bonds (fair value) $219M; Cash $219M.
2. Jun 30, 2018: Cash $6M; Interest revenue $6M.
3. Dec 31, 2018: Cash $6M; Interest revenue $6M.
4-a. Investment reported at fair value: $230M.
4-b. Adjust investment to fair value: Investment in bonds (fair value adjustment) $11M; Unrealized gain on investment in bonds $11M.
5. Statement of cash flows unaffected by fair value changes.
1. Journal entry on January 1, 2018:
Investment in bonds (fair value) $219 million
Cash $219 million
2. Journal entry on June 30, 2018:
Cash (interest received) $6 million ($240 million × 6% × 6/12)
Interest revenue $6 million
3. Journal entry on December 31, 2018:
Cash (interest received) $6 million ($240 million × 6% × 6/12)
Interest revenue $6 million
4-a. Fuzzy Monkey will report its investment at fair value, which is $230 million, on the December 31, 2018, balance sheet.
4-b. Journal entry to adjust the investment to fair value on December 31, 2018:
Investment in bonds (fair value adjustment) $11 million ($230 million - $219 million)
Unrealized gain on investment in bonds $11 million
5. Fuzzy Monkey's 2018 statement of cash flows will not be affected by this investment since it is accounted for under the fair value option. Changes in fair value are not reflected in the statement of cash flows. Only cash flows from operating, investing, and financing activities are included in the statement of cash flows.
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widener industries reports annual sales of 160 million cost of goods sold for 120 million. inventory of 20 million and net income of 5 million. what is its month of supply of inventory
The month of supply of inventory for Widener Industries is 2 months.
What is Widener Industries' month of supply of inventory?To calculate the month of supply of inventory, we will use the following formula: Month of Supply = (Inventory / Cost of Goods Sold) * (12 / 1)
Given data:
Inventory = 20 millionCost of Goods Sold = 120 millionMonth of Supply = (20 million / 120 million) * (12 / 1)
Month of Supply = 0.1667 * 12
Month of Supply = 2.
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1. When do customers purchase the fi’s products? How does purchase behavior vary based on different promotional events (communication and price changes) or customer services (hours of operation, online/mobile applications, delivery speed/cost)? How does purchase behavior vary based on uncontrollable influences such as seasonal demand patterns, time-based demand patterns, physical/social surroundings, or competitive activities?
2. Why (and how) do customers select the fi’s products? Describe the advantages of the fi’s products relative to competing products. How well do the fi’s products fulfill customers’ needs relative to competing products? What products have emerged as new competition? Describe how issues such as brand loyalty, value, commoditization, and relational exchange processes affect customers’ purchase behaviors. Describe how credit or financing is used in purchasing the fi’s products. Also, do customers seek long-te relationships with the fi, or do they buy in a transactional fashion (based primarily on price)? Is the product sold via a subscription model, or should it be?
Customers purchase the fi' s products when there is a promotional event or customer service that caters to their needs. Customers often vary their purchase behavior based on different promotional events such as communication.
Price changes or customer service such as hours of operation, online/mobile applications, delivery speed/cost. These services and events play a significant role in influencing customer's purchase behavior. Purchase behavior can also vary based on uncontrollable influences such as seasonal demand patterns, time-based demand patterns, physical/social surroundings, or competitive activities.
For instance, if there is an increase in demand for a particular product in the winter season, then customers tend to purchase that product more than 100. Competitive activities can also have a significant influence on the customer's purchase behavior. Customers select fi' s products because of the advantages that they have over competing products. The fi' s products meet customers' needs relative to competing products.
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The stated inserest payment, in dollars, made on a bond each period is called the bond's: A. cosipon. B. face value, C. maturity. D. yield to maturity. E. coupon rate. 32. A bond that makes no coupon paymens and is initially priced at a deep discount is called a boesd. A. Treasury B. municipal C. floating-rat d D. jun k E. 7ero cocipon 33. The principal amonent of a bond that is repaid at the end of the loan term is called the bond's: A. cocipon. B. face value. C. matarity, D. yicld to maturity. E. coupon rate. 34. The specified date on which the principal amoumt of a bond is repaid is called the bond's: A. cocipon. B. face value. C. matarity. D. yield to maturity.
The stated interest payment, in dollars, made on a bond each period is called the bond's coupon rate. A bond that makes no coupon payments and is initially priced at a deep discount is called a zero coupon bond.
The principal amount of a bond that is repaid at the end of the loan term is called the bond's face value. The specified date on which the principal amount of a bond is repaid is called the bond's maturity. A bond is a debt investment in which the investor loans money to an entity such as a government, corporation, or agency that borrows the funds for a defined amount of time at a fixed interest rate.
A bond typically represents a loan agreement between an investor and a borrower. This arrangement specifies the amount of principal, the interest rate that the borrower must pay on the borrowed funds, and the bond's lifespan. The bond's lifespan is typically several years, and the interest payments are made annually or semiannually until the bond's maturity.
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Which of the following methods develops a promotional budget based on a sound evaluation of the firm's promotional goals?
a. The fixed-sum-per-unit method
b. The meeting competition method
c. The percentage-of-sales method
d. The task-objective method
The task-objective method is the approach that develops a promotional budget based on a thorough evaluation of the firm's promotional goals.
d) The task-objective method
The task-objective method is the approach that develops a promotional budget based on a thorough evaluation of the firm's promotional goals. This method involves identifying specific promotional tasks and objectives, estimating the costs associated with each task, and then aggregating those costs to determine the overall promotional budget. It ensures that the budget allocation aligns with the objectives and requirements of the promotional campaign, allowing for a more strategic and goal-oriented approach to resource allocation.
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Suppose that the manager of a construction supply house determined from historical records that demand for sand averages 47 tons. In addition, suppose the manager determined that demand during lead time could be described by a normal distribution that has a mean of 47 and a standard deviation of 4 tons. Answer the following questions assuming that the manager is willing to accept a stockout risk of no more than 3 percent. (Round your answer to two decimal points.) a. What value of z is appropriate? b. How much safety stock should be held? (Round your answer to two decimal points.) c. What reorder point should be used? (Round your answer to two decimal points.)
The reorder point that should be used is 54.52 tons. The manager should reorder the sand when the inventory level reaches 54.52 tons.
a) What value of z is appropriate?
The z-score formula is used to calculate z-score which tells us the deviation of a score from its mean, taking into account the standard deviation. If the manager is willing to accept a stock out risk of no more than 3 percent, it means that she wants the product to be in stock 97 percent of the time.
Therefore, the z value associated with 97 percent is 1.88.
To find the value of z, use the following formula;
Z = (x - μ) / σWhere,x = 0.03μ = 0σ = 1Z = (0.03 - 0) / 1Z = 0.03.
The value of z is 1.88b) How much safety stock should be held?
The safety stock is the extra inventory you keep on hand to protect against stock out due to unexpected fluctuations in demand or supply chain problems. It is calculated as the product of the standard deviation of lead time demand and the z-value.
Therefore, the safety stock is calculated as follows:
Safety stock = Z × σLTD.
Demand for lead time = 47 tons.
Standard deviation of lead time demand = 4 tons Z = 1.88.
Safety stock = 1.88 × 4Safety stock = 7.52 tons.
Therefore, the amount of safety stock that should be held is 7.52 tons.
c) What reorder point should be used?
The reorder point is the inventory level at which an order should be placed to replenish stock. To calculate the reorder point, add the expected lead time demand to the safety stock and subtract this value from the expected demand during the lead time.
Therefore, the reorder point is calculated as follows:
Reorder point = (Demand during lead time × Lead time) + Safety stock.
Demand during lead time = 47 tons.
Lead time = 1 week.
Safety stock = 7.52 tons.
Reorder point = (47 × 1) + 7.52.
Reorder point = 54.52 tons.
Therefore, the reorder point that should be used is 54.52 tons. The manager should reorder the sand when the inventory level reaches 54.52 tons.
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A major factor influencing your choice of clothing for work should be
the products and services offered by your employer
Considering the products and services offered by your employer when choosing your work clothing helps create a cohesive and professional image that aligns with the company's values and customer expectations.
When choosing clothing for work, one of the major factors to consider should be the products and services offered by your employer. The choice of attire should align with the company's image, brand identity, and industry standards. It is essential to dress in a manner that reflects professionalism and credibility while also considering the specific needs and expectations of the company's customers or clients.
For example, if you work in a corporate environment where you interact with clients on a regular basis, it is generally expected to dress in formal business attire to convey a sense of competence and trustworthiness. On the other hand, if you work in a creative industry or a more casual setting, the dress code may be more relaxed, allowing for a more fashionable or trendy style.
Understanding the nature of the products or services offered by your employer is crucial in determining appropriate attire. If you work in a healthcare setting, adhering to specific dress codes, such as wearing scrubs or lab coats, may be necessary to maintain hygiene and professionalism. Similarly, if you are employed in a retail or hospitality industry, your clothing choices should be influenced by the company's branding and the expectations of the target audience.
Overall, considering the products and services offered by your employer when choosing your work clothing helps create a cohesive and professional image that aligns with the company's values and customer expectations.
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4. Effects of a tariff on international trade The following graph shows the domestic supply of and demand for wheat in Kenya. The world price (PW) of wheat is $265 per bushel and is represented by the horizontal black line. Throughout the question, assume that the amount demanded by any one country does not affect the world price of wheat and that there are no transportation or transaction costs associated with international trade in wheat. Also, assume that domestic suppliers will satisfy domestic demand as much as possible before any exporting or importing takes place. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. If Kenya is open to international trade of wheat without any restrictions, it will import bushels of wheat. Suppose the Kenyan government wants to reduce imports to exactly 200,000 bushels of wheat to help domestic producers. A tariff of [ ]per bushel will achieve this. A tariff set at this level would raise[ ] in revenue for the Kenyan government.
When a tariff is imposed on imported goods, the effect on international trade is immediate and frequently unfavourable. In this example, if Kenya does not impose any restrictions on the international trade of wheat, it will import 450,000 bushels of wheat.
The Kenyan government, on the other hand, wishes to reduce wheat imports to precisely 200,000 bushels to support local producers.To accomplish this, a tariff of 65 per bushel on wheat must be imposed. The tariff will raise 13 million in revenue for the Kenyan government, and the country will only import 200,000 bushels of wheat.A tariff is a tax imposed by the government on imported goods. A tariff's primary goal is to make foreign goods more expensive and encourage consumers to purchase locally made goods.
Tariffs can also be used to generate revenue for the government. If the Kenyan government imposes a tariff on wheat, it will raise the price of imported wheat, making it more expensive for Kenyan consumers to buy. The effect of this price increase on consumers is referred to as the consumption effect.The tariff's impact on domestic producers is the second effect. When a tariff is imposed on a product, domestic producers of that product will benefit. In the example above, Kenyan wheat farmers will be able to sell their wheat at a higher price, which will boost their profits.
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im sugar skull corp. uses no debtthe weighted average cost of capital is percent. if the current market value of the equity is $15.6 million and there are no taxes, what is
The question seems to be incomplete as it does not provide the information needed to calculate the weighted average cost of capital (WACC) or determine any specific value.
The question mentions that Sugar Skull Corp. uses no debt, but it does not provide the cost of equity or any other relevant data required to calculate WACC.The weighted average cost of capital (WACC) is a calculation used to determine the average rate of return required by all the capital providers of a company, such as equity investors and lenders. It takes into account the proportion of each type of capital used by the company and the cost associated with each type.WACC is calculated by multiplying the cost of equity by the proportion of equity in the company's capital structure, and adding it to the cost of debt multiplied by the proportion of debt in the capital structure. The formula is as follows:
Without the necessary information, it is not possible to calculate the weighted average cost of capital (WACC) or determine any specific value. To calculate WACC, we would need the cost of equity, the cost of debt, and the proportion of each type of capital used by the company. In this case, the question only provides the current market value of the equity, which is $15.6 million, and mentions that there are no taxes. However, this information is not sufficient to calculate WACC.To provide a more accurate answer, please provide the missing information, such as the cost of equity and the proportion of equity and debt in the company's capital structure.
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Many international trade exports argue that the intermodal shipping container made the explosion in globalization possible. This simple, steel box allowed a shipment to be transported by ship, rail, or trucks. Ports worldwide could quickly load and unload ships since all shipments were being transported in containers with the same dimensions. Container use allowed carriers across the globe to develop equipment that could handle these containers. The coniainors greatly reduced handling and transport costs while simultaneously increasing logistics productivity. The use of containers to reducing handling and transport costs best represents which of the following principles of transportation and logistics?
• Postponement • Shared/shifted risk • Standardization • Maximum vehicle unit • Optimum unit of cargo Question 22 1.18 pts During our coverage of Chapter 5 Motor Carriers, we discussed how trucks provide a manageable volume. They can do this by madmizing capacity utilization and carring a large number of pallets. This ability to maximize capacity through effective use of palletized cargo that fits to the Interlor of the truck trabler represents which of the following principles? • Maximum vehicle unit
• Continuous flow
• Adaptation of vehicle unit to volume and nature of traffic
• Minimum ratio of deadweight to total weight of unit movement
• Compatibility of standard unit loads and equipment
The use of containers to reduce handling and transport costs represents the principle of standardization in transportation and logistics. The intermodal shipping container allowed a shipment to be transported by ship, rail, or truck.
It made it possible for ports worldwide to quickly load and unload ships since all shipments were being transported in containers with the same dimensions. Carriers across the globe developed equipment that could handle these containers, which greatly reduced handling and transport costs while simultaneously increasing logistics productivity.
Standardization refers to the use of uniform or identical containers for a product that reduces the cost of moving the product across different modes of transportation. By using standardized containers, transportation companies can maximize the use of different modes of transport without handling the goods themselves. The standardized containers greatly reduced handling costs and minimized damage to the goods being transported.
The principle of standardization made it possible for companies to move their goods with minimal handling costs and increased logistics productivity. Therefore, the use of containers to reduce handling and transport costs best represents the principle of standardization in transportation and logistics.
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How will a percentage of sales model treat cost of goods sold if sales revenues are expected to grow by 10% to $2 million next year? Cost of goods sold will? A. Grow at a slower rate than sales B. Remain proportionate to sales C. Be forecast to increase at the rate of inflation D. Remain constant
The percentage of sales model will treat cost of goods sold if sales revenues are expected to grow by 10% to $2 million next year by remaining proportionate to sales.
Percentage of sales model is the method that entails using a percentage of forecasted sales revenue to calculate an expense amount. In a business model using this technique, costs would be represented as a percentage of sales revenue. Sales are the most important variable, with the percentage figure being calculated using actual or predicted sales figures.
The percentage of sales may fluctuate depending on the costs being examined, but it is usually predetermined. Therefore, if sales revenue is expected to rise by 10% to $2 million next year, the percentage of sales model will treat cost of goods sold by remaining proportionate to sales, which means the cost of goods sold will also grow by 10% to a sum of $1.8 million. Option B is the correct answer.
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management and workers in an interest-based bargaining (ibb) environment should be willing to ________.
For successful interest-based bargaining, workers and management must be willing to share information, power, and resources. They should engage in a problem-solving mindset rather than adhering to rigid positions.
Interest-based bargaining (IBB) is a negotiation process that aims to identify and prioritize the interests of both management and workers. It involves collaborative efforts and open communication to develop solutions that satisfy the mutual interests of all parties involved. In an IBB environment, trust, active listening, and cooperation are essential.
Workers need to understand the business challenges faced by management and contribute their insights to finding mutually beneficial solutions. Similarly, management should be receptive to workers' concerns, suggestions, and negotiate solutions that address both their needs and the organization's needs.
By embracing an interest-based approach, workers and management can move beyond adversarial negotiations and foster a climate of collaboration. This approach encourages shared responsibility, accountability, and the exploration of creative solutions that benefit all parties involved. Effective interest-based bargaining can lead to improved trust, enhanced communication, and the development of a cooperative and productive work environment.
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company processes apples into jam, juice, and canned tomatos. during the summer of 2018, the joint costs of processing the tomatoes were $10,000. there was no beginning or ending inventories for the summer. production and sales value information is as follows: product cases sales price at splitoff point separable costs final selling price jam 100 $6 per case $3.00 per case $28 per case juice 150 8 per case 5.00 per case 25 per case canned 200 5 per case 2.00 per case 10 per case product final sales value separable costs net realizable value percentage jam ? juice canned tomato totals determine final sales value to each product ?
By using the estimated NRV method, $3,521 of the joint costs are allocated to Jam, $4,225 to Juice, and $2,254 to Canned.
To allocate the joint costs using the estimated net realizable value (NRV) method, we need to determine the percentage allocation for each product and the amount of joint costs allocated to each product. The NRV method allocates joint costs based on the relative sales value of each product.
First, we calculate the sales value at the splitoff point for each product by subtracting the separable costs from the final selling price:
Jam: $28 - $3 = $25 per case
Juice: $25 - $5 = $20 per case
Canned: $10 - $2 = $8 per case
Next, we calculate the total sales value at the splitoff point for all products:
Total sales value = (100 cases x $25) + (150 cases x $20) + (200 cases x $8) = $2,500 + $3,000 + $1,600 = $7,100
To determine the percentage allocation for each product, divide each product's sales value at the splitoff point by the total sales value:
Jam percentage = ($2,500 / $7,100) x 100% = 35.21%
Juice percentage = ($3,000 / $7,100) x 100% = 42.25%
Canned percentage = ($1,600 / $7,100) x 100% = 22.54%
Finally, allocate the joint costs based on the percentages determined:
Joint costs allocated to Jam = $10,000 x 35.21% = $3,521
Joint costs allocated to Juice = $10,000 x 42.25% = $4,225
Joint costs allocated to Canned = $10,000 x 22.54% = $2,254
These allocations reflect the relative sales values of each product and provide a basis for cost apportionment.
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Complete question is:
Company processes apples into jam, juice, and canned tomatos. During the summer of 2018, the joint costs of processing the tomatoes were $10,000. There was no beginning or ending inventories for the summer. Production and sales value information is as follows:
Determine the percentage allocated to each product and amount of Joint Costs allocated to each product if the estimated NRV (net realizable value) method is used.
Paul and Frank each borrow $1,679 for 7 months. Paul's loan uses the simple discount model while Frank's loan uses the simple interest model. The annual simple discount rate on Paul's loan is 14.8%. What would the annual simple interest rate have to be on Frank's loan if their maturity values are the same? Round your answer to the nearest tenth of a percent.
Paul's loan with a 14.8% simple discount rate and Frank's loan with a simple interest rate would have equal maturity values.
In the simple discount model, the maturity value is calculated by subtracting the discount (interest) from the principal. Paul's loan has a principal of $1,679 and a simple discount rate of 14.8%.
Therefore, the discount on Paul's loan is 14.8% of $1,679, which is $248.49. The maturity value of Paul's loan would be $1,679 - $248.49 = $1,430.51. To find the annual simple interest rate that would give Frank's loan the same maturity value, we need to solve the equation:
Principal + (Principal * Interest Rate * Time) = Maturity Value
For Frank's loan, the principal is $1,679, the time is 7 months (converted to years by dividing by 12), and the maturity value is $1,430.51. Rearranging the equation, we get:
Interest Rate = (Maturity Value - Principal) / (Principal * Time)
Interest Rate = ($1,430.51 - $1,679) / ($1,679 * (7/12)) = -0.1443
Rounding this to the nearest tenth of a per cent, we get an annual simple interest rate of -14.4% for Frank's loan to have the same maturity value as Paul's loan.
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How much must you deposit each year into your retirement account starting now and continuing through year 15 if you want to be able to withdraw $80,000 per year forever, beginning 29 years from now? Assume the account earns interest at 11% per year. The amount to be deposited is determined to be $
To find out the amount that must be deposited each year into your retirement account, which will allow you to withdraw $80,000 per year forever, beginning 29 years from now, we need to follow the given steps:Step 1: Determine the present value of $80,000 per year forever.
Using the formula for the present value of a perpetuity, we have:P = A / rHere, A = $80,000 per year forever, and r = 11% per year.P = $80,000 / 0.11P = $727,272.73Step 2: Determine the future value of the retirement account after 15 years.Using the formula for the future value of a present sum, we have:FV = PV x (1 + r)nHere, PV = $0 (since no deposit has been made yet), r = 11% per year, and n = 15 years.FV = $0 x (1 + 0.11)15FV = $0 x 4.3509FV = $0Step 3: Determine the deposit required to grow the retirement account to $727,272.73 in 15 years.Using the formula for the present value of an annuity, we have:PMT = P * r / [1 - (1 + r)^(-n)]Here, P = $727,272.73 (from step 1), r = 11% per year, and n = 15 years.PMT = $727,272.73 * 0.11 / [1 - (1 + 0.11)^(-15)]PMT = $41,467.51 (rounded to the nearest cent)Therefore, the amount to be deposited each year into your retirement account, which will allow you to withdraw $80,000 per year forever, beginning 29 years from now, is $41,467.51 (rounded to the nearest cent).
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You own a call option on Intuit stock with a strike price of $43. The option will expire in exactly three months' time. a. If the stock is trading at $62 in three months, what will be the payoff of the call? b. If the stock is trading at $31 in three months, what will be the payoff of the call? c. Draw a payoff diagram showing the value of the call at expiration as a function of the stock price at expiration. a. If the stock is trading at $62 in three months, what will be the payoff of the call? If the stock is trading at $62 in three months, the payoff of the call is $ (Round to the nearest dollar.) b. If the stock is trading at $31 in three months, what will be the payoff of the call? If the stock is trading at $31 in three months, the payoff of the call is $ (Round to the nearest dollar.) c. Draw a payoff diagram showing the value of the call at expiration as a function of the stock price at expiration. Which of the four graphs best represents the payoff diagram? (Select the best choice below.)
A call option gives the buyer the right, but not the responsibility, to buy a stock at the strike price before the expiration date.
We will use the maximum profit calculation to determine the payoff of the call in both situations. If the stock is trading at $62 in three months, what will be the payoff of the call?In this case, the call option will be exercised since the current price is greater than the strike price, resulting in a profit.
We will use the maximum profit calculation to figure out how much profit we will earn. Maximum Profit = (Current Stock Price - Strike Price) Maximum Profit = ($62 - $43) Maximum Profit = $19Therefore, if the stock is trading at $62 in three months, the payoff of the call is $19.
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Administrators can require minimum Net Capital and Net Worth for: A. Investment Advisers
B. Investment Adviser Representatives
C. Issuers
D. Agents
Investment Advisers, Administrators have the authority to require minimum Net Capital and Net Worth for investment advisers.
Net Capital and Net Worth requirements are regulatory measures designed to ensure that investment advisers maintain sufficient financial resources to meet their obligations and protect the interests of their clients. These requirements help to safeguard the financial stability and integrity of investment advisory firms, allowing them to operate in a responsible and sustainable manner. By imposing minimum Net Capital and Net Worth standards, administrators can help mitigate the risk of financial insolvency and enhance investor protection in the investment advisory industry
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Which of these can you change in the Payroll settings section in QuickBooks Online Payroll? Social security rate Withholding perceftinage Federal tax schedule Medicare rate
In the Payroll settings section in QuickBooks Online Payroll, the following can be changed: Social Security Rate, Withholding Percentage, and Medicare Rate.
Let's have a look at each of them.
Social Security Rate: The Social Security tax rate can be modified in the Payroll settings section of QuickBooks Online Payroll. The Social Security tax rate for 2021 is 6.2 percent, which applies to earnings of up to $142,800. Employers should adjust the employee and employer Social Security tax rates if required.
Withholding Percentage: The Payroll settings section in QuickBooks Online Payroll allows users to change the withholding percentage. The amount of taxes that the employer withholds from an employee's paycheck is determined by the employee's W-4 form.
Employees can adjust their withholdings, or employers can assist them in doing so.
Federal Tax Schedule: The employer can choose which Federal tax schedule to utilize in the Payroll settings section of QuickBooks Online Payroll. There are several tax schedules available, and the employer should select the one that best suits their business. The employer must determine the employee's taxable income using the selected Federal tax schedule.
Medicare Rate: The Medicare tax rate can be changed in the Payroll settings section of QuickBooks Online Payroll. The Medicare tax rate for 2021 is 1.45 percent, which applies to all earnings. Employers should adjust the employee and employer Medicare tax rates if required.
In conclusion, Social Security Rate, Withholding Percentage, Federal Tax Schedule, and Medicare Rate can be modified in the Payroll settings section of QuickBooks Online Payroll.
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RISK MANAGEMENT
Describe the relationship between risk probability, risk impact
and risk exposure
Risk management is a structured approach that entails recognizing, analyzing, and responding to uncertainties that pose a risk to the organization's overall goals and objectives. In this regard, the concepts of risk probability, risk impact, and risk exposure are key elements of effective risk management.
Risk probability, risk impact, and risk exposure are interrelated concepts that can be used to assess the potential impact of a risk event. Risk probability refers to the likelihood or chance that a particular risk event will occur. Risk impact refers to the consequences or severity of the risk event, including financial losses, reputational damage, or safety incidents. Risk exposure, on the other hand, is a combination of risk probability and risk impact and reflects the overall risk facing the organization or a particular project.
Despite being interrelated, risk probability, risk impact, and risk exposure are distinct concepts that are assessed independently in most risk management processes. By quantifying and analyzing these risk factors, organizations can make informed decisions on the best course of action to mitigate or manage the identified risk.
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