Answer:
I believe answer is oral presentation
Using the high-low method, Company X has determined the variable portion of its cost formula for electricity to be $2 per unit. For the month of July Company X estimates that total electricity cost will amount to $66,000 based on producing 30,000 units. The amount of fixed electricity cost estimated for July is:
Answer:
Fixed cost= $6,000
Explanation:
Giving the following information:
July:
Total cost= $66,000
Number of units= 30,000
Varaible cost per unit= $2
First, we need to calculate the total variable cost:
Total variable cost= 2*30,000
Total variable cost= $60,000
Now, the fixed cost:
Fixed cost= 66,000 - 60,000
Fixed cost= $6,000
A division of Frank Clothiers had 36 openings for assistant store manager last year. As part of their voluntary affirmative action plan, they filled the vacancies with 16 African-Americans, 10 Hispanics, and 10 Whites. The selection process was a multiple-hurdle approach which began with an application form and a test of basic verbal and math skills called the Wonderlic Personnel Test. Applicants who scored 25 (out of 50) or higher on the test were then given an interview with the store managers. Based on the interview performances, the vacancies were filled. The numbers of African-Americans, Hispanics, and Whites who passed the test were as follows:_______.
Test ScoresAfrican-AmericansHispanicsWhites# scoring 25 or more252874# scoring less than 25262029Totals5148103Dennis Goebel, one of the African-American applicants who scored 19 on the test, filed a suit on behalf of all African-American applicants who failed. Mr. Goebel claimed race discrimination based upon Title 7. Frank Clothiers argued that more African-Americans were actually hired than any other protected class. Thus, the company asserts, there is obviously no racial discrimination in the selection process.Can disparate impact theory be used in cases involving subjective selection processes like interviews? What Supreme Court case supports your decision?
Answer:
Explanation:
Yes, Disparate Impact Theory can be used in this case relating to the processes of subjective selection such as interrogations. If a discriminatory workplace practice has an unfair and aggressive impact on minorities, it may be in violation of Title VII. Professional individual employees who support on the basis of discretionary judgments without intending to do so are engaging in biased conduct.
The case of Watson V. Fort Worth Bank & Trust will be used to support my claim. Clara Watson turned down a promotion that was contingent on an interview under this scenario.
The U.s. Supreme Court Declared that a Title VII claim to a strategy of subjection enforcement can only be investigated under the unequal care principle. In the majority decision, the Court allowed the principle of (disparate effects) to apply to arbitrarily defined work practices.
An order taker at a producer of bed linens receives an order from a retailer for
6,500 pillows to be shipped to the retailer's warehouse. The retailer will pay
for shipping. Which channel member is most likely to set requirements for
routing?
A. The retailer
OO
B. The producer
C. The wholesaler
D. The consumer
Answer: The retailer
Explanation:Ape
Dan receives a proportionate current (nonliquidating) distribution when the basis of his partnership interest is $30,000. The distribution consists of $10,000 in cash and property with an adjusted basis to the partnership of $24,000 and a fair market value of $26,500. Dan's basis in the noncash property is: Question 22 options: $26,500. $24,000. $20,000. $10,000. $0.
Answer:
$20,000
Explanation:
Calculation to determine what Dan's basis in the noncash property is:
Using this formula
Basis=Partnership interest basis -Cash
Let plug in the formula
Basis=$30,000-$10,000
Basis=$20,000
Therefore Dan's basis in the noncash property is: $20,000
The run-time stack:_______
A. points out syntax errors in a Java program
B. helps keep track of the execution of recursive and non-recursive programs
C. only helps in the execution of recursive programs
D. is part of the Java API
Wayne owns a 30% interest in the capital and profits of Emerald Company (a calendar year partnership). For tax year 2020, the partnership earned revenue of $900,000 and had operating expenses of $660,000. During the year, Wayne withdrew from the partnership a total of $90,000. He also invested an additional $30,000 in the partnership. For 2020, Wayne's gross income from the partnership is: a.$162,000. b.$72,000. c.$132,000. d.$90,000.
Answer:
$72,000
Explanation:
Calculation to determine what Wayne's gross income from the partnership is:
Using this formula
Gross income=Interest in the capital×(Partnership earned revenue -Operating expenses )
Let Plug in the formula
Gross income=30% ×($900,000 – $660,000)
Gross income = $72,000
Therefore Wayne's gross income from the partnership is:$72,000
Investment X offers to pay you $5,500 per year for nine years, whereas Investment Y offers to pay you $8,000 per year for five years. a. Calculate the present value for Investments X and Y if the discount rate is 5 percent. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. Calculate the present value for Investments X and Y if the discount rate is 15 percent.
Answer:
Investment X = $39,093.02
Investment Y = $34,635.81
b
Investment X =$26,243.71
Investment y =$26,817.24
Explanation:
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Investment X
Cash flow each year from year 1 to 9 = $5,500
PV when I is 5% = $39,093.02
PV when I is 15% =$26,243.71
Investment Y
Cash flow each year from year 1 to 5 = $8,000
PV when I is 5% = $34,635.81
PV when I is 15$26,243.71% = $26,817.24
To find the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
A very large company would be most likely to have a(n) ___ at the ahead of its accounting department.
A. Executive vice president
B. Controller
C. Chief financial officer
D. Accounting manager
A very large company would be most likely to have a Chief financial officer as the head of its accounting department.
The Chief Financial Officer (CFO) would most likely be in charge of the accounting division of a very large corporation. A company's Chief Financial Officer (CFO) is in charge of all financial operations, including accounting, budgeting, financial reporting, and forecasting. The day-to-day accounting activities of a corporation are managed by the controller, who holds a mid-level role. The basic duties of the accounting manager include leading a group of accountants and supervising the creation of financial statements and reports. Even though the executive vice president may be in charge of the entire organization, they could not have specific knowledge of accounting and finance.
A Chief Financial Officer (CFO) is a senior executive accountable for directing the financial actions of a firm. Monitoring cash flow, assessing the firm's financial advantages and disadvantages, and creating strategies for financial expansion are all tasks assigned to the CFO. Also, they are in charge of supervising the creation of predictions and current financial reports. In conclusion, the CFO is essential to the efficient management of a company's finances.
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Quantum Inc. has warrants outstanding that allow the holder to purchase 1.5 shares of stock per warrant at $30 per share (exercise price). Thus, each individual share can be purchased at $30 with the warrant. The common stock is currently selling for $36. The warrant is selling for $12.
Required:
a. What is the intrinsic (minimum) value of this warrant?
b. What is the speculative premium on this warrant?
c. What should happen to the speculative premium as the expiration date approaches?
Answer:
A. $9.00
B. $3.00
C. Decrease
Explanation:
a. Calculation to determine the intrinsic (minimum) value of this warrant
Using this formula
I = (M – E) × N
Where,
I represent Intrinsic value of a warrant
M represent Market value of common stock
E represent Exercise price of a warrant
N represent Number of shares each warrant entitles theholder to purchase
Let plug in the formula
I=($36 – $30) *1.5
I=$6*1.5
I = $9.00
Therefore the intrinsic (minimum) value of this warrant is $9.00
b. Calculation to determine the speculative premium on this warrant
Using this formula
S = W – I
Where,
S representSpeculative premium
W represent Warrant price
I represent Intrinsic value.
Let plug in the formula
S=$12-[($36 – $30) *1.5]
S=$12 – $9
S = $3.00
Therefore the speculative premium on this warrant is $3.00
c.What should happen to the SPECULATIVE PREMIUM as the expiration date approaches is for it to DECREASE and thereby approach $0.
Assume that the Fed increases the money supply when there is substantial unemployment in the economy. According to the quantity theory of money, if velocity is constant, then:
Answer:
Nominal GDP will increase.
Explanation:
Japan has been one of China's largest sources of imports, along with South Korea and the United States. Because there is still political enmity between China and Japan due to the Japanese occupation of parts of China during World War II, the best explanation for the present Japanese trade relationship with China is
Answer: c. geographical proximity
Explanation:
The Japanese and the Chinese have not been on the best of terms for centuries and this became worse in the 20th century with Japanese attacks on the Chinese and then after those ended with the second world war, Japan was and still is firmly in the U.S. camp which China does not appreciate.
This hasn't stopped Japan and China from trading however because they are so close to each other and so logistical benefits ensure that they are some of each others' biggest trading partners.
In response to dwindling sales of organic meats, Hain Celestial executives decided to promote the sale of organically grown nuts as an alternative source of protein, which is an excellent example of a firm's:
Answer:
Product substitute
Explanation:
Product substitute is defined as one that meets similar needs of the consumer. As demand for one of such goods rises the demand of the other tends to fall as the meet similar needs.
In the given scenario organic meats are seen as being substituted by organically grown nuts as a source of protein.
So when Hain Celestial has dwindling sales of organic meats they were considering organically grown nuts as a different product to give to customers
Cutter Enterprises purchased equipment for $54,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $3,300. Using the double-declining-balance method, depreciation for 2021 and the book value at December 31, 2021, would be:
Answer:
the depreciation expense for the year 2021 and the book value for the year 2021 is $21,600 and $32,400 respectively
Explanation:
The computation of the depreciation expense for the year 2021 and the book value for the year 2021 under double-declining method is given below:
The depreciation expense is
= $54,000 × 1 ÷ 5 × 2
= $21,600
Now the book value is
= $54,000 - $21,600
= $32,400
hence, the depreciation expense for the year 2021 and the book value for the year 2021 is $21,600 and $32,400 respectively
Silver Corporation incurred costs of $600,000 for managing the wholesale division during the year. The customer details of the company were as follows: X Y Z Sales $600,000 $400,000 $200,000 COGS $40,000 $20,000 $15,000 How much cost will be allocated to customer Y, if a cause-effect relationship cannot be established with any cost driver
Answer: $200,000
Explanation:
The cost will be allocated to customer Y, if a cause-effect relationship cannot be established with any cost driver will be calculated thus:
Total sales = $600,000 + $400,000 + $200,000 = $1,200,000
The percentage of Y on total sales will be:
= $400,000/$1,200,000 × 100
= 1/3 × 100
= 33.33%
Therefore, the cost that's allocated to Y will then be:
= $600,000 × 33.33%
= $600,000 × 0.3333
= $200,000
Therefore, the correct answer is $200,000
As a marketing term, __________ generally includes not only physical goods, but also services and ideas. Multiple Choice marketing invention merchandise product concept
Answer:
product
Explanation:
The product is an item that the company offer to its customer for buying the product. It is not only the goods that to be kept physically but it also consist of the services and ideas so that it become differentiate with the competitor. The product can be differentiate in terms of cost, quality, quantity, presentable form via having the innovative ideas
So, the 2nd last option is correct
Trevor Company expects sales of Product W to be 64,000 units in April, 79,000 units in May, and 74,000 units in June. The company desires that the inventory on hand at the end of each month be equal to 40% of the next month's expected unit sales. Due to excessive production during March, on March 31 there were 29,000 units of Product W in the ending inventory. Given this information, Trevor Company's production of Product W for the month of April should be:
Answer:
66,600 units
Explanation:
Sales for April = 64,000 units
Closing Inventory Required at end of April = 31,600 units (79,000*40%)
Units Required = 64,000 units + 31,600 units
Units Required = 95,600 units
Units Need to be produced = Units Required - Units Available now
Units Need to be produced = 95,600 units - 29,000 units
Units Need to be produced = 66,600 units
So, trevor Company's production of Product W for the month of April should be 66,600 units.
Consumers buy goods or services they want or need.
True
False
Answer:
True
Explanation:
Suppose the U.S. supply of loanable funds shifts left. This will Group of answer choices increase U.S. net capital outflow and increase the quantity of loanable funds demanded. increase U.S. net capital outflow and decrease the quantity of loanable funds demanded. decrease U.S. net capital outflow and decrease the quantity of loanable funds demanded. decrease U.S. net capital outflow and increase the quantity of loanable funds demanded.
Answer:
Decreases U.S. net capital outflow and decrease the quantity of loanable funds demanded.
Explanation:
When U.S. supply of loanable funds shift left the net capital outflow will decrease. This will cause decline in the quantity of loanable funds demanded. The U.S. net capital outflow will increase when the U.S. supply of loanable fund shifts right.
PERSONAL FINANCE 10 POINTS// WILL GIVE BRAINLIEST
What is likely to be TRUE about making financial decisions as people get older?
A.
Financial decisions become bigger and more complex.
B.
Making decisions is easier as there are fewer risks involved.
C.
There are fewer major decisions to make.
D.
Financial situations will be simpler with fewer consequences.
Financial decisions become bigger and more complex.
An entrepreneur is someone who develops a business around an innovation. They manage the business and assume the risk for its success.
O True
O False
Answer:
true
Explanation:
the exact definition of an entrepreneur is: a person who organizes and operates a business or businesses, taking on greater than normal financial risks in order to do so.
i am meeting my new team, which I will directly supervise for the first time. I introduce myself and jump right into the agenda items for the jobs each team member will be assigned. I am using ______.
Brett wants to sell throw blankets for the holiday season at a local flea market. Brett purchases the throws for $15 and sells them to his customers for $35. The rental space is fixed fee of $1,500 for the season. Assume there is no leftover value for unsold units. If he orders 200 and demand is 150, what is the payoff
Answer:
$750
Explanation:
Total cost for Brett = Rental cost + Buying cost for 200 throws
Total cost for Brett = $1,500 + ($15*200)
Total cost for Brett = $1,500 + $3,000
Total cost for Brett = $4,500
Total income for Brett = Demand * Selling cost
Total income for Brett = 150 * $35
Total income for Brett = $5,250
Payoff = Income - Cost
Payoff = $5,250 - $4,500
Payoff = $750
Peter, Paul, and Mary go to an all-you-can-eat buffet. The normal entrance fee is $20, but Peter gets in free because it is his birthday and they have a special. Paul uses a coupon and only pays $10. Mary is the only one to pay the full $20. They are all equally hungry and have an equally large appetite. If they are all rational decision makers, the person who should eat the most is:
Answer:
mary
Explanation:
A rational consumer would consume up to the point that marginal benefit equal marginal cost
Mary paid $20. this means that she places a value of $20 on the meal.
Paul paid $10. this means that he places a value of $10 on the meal
The value Mary places is 20, so she places a higher value and she would consume the most
Peter enters free and thus there is no marginal cost attached to this decision. He should consume the least
The balance sheet of Subsidiary shows assets of $86,400 and liabilities of $15,000. The fair value of the assets is $90,000 and the fair value of its liabilities is $15,000. Parent paid $95,000 to acquire Subsidiary. Parent should record goodwill on this purchase of:______.
A) $23,600.
B) $20,000.
C) $3,600.
D) $5,000.
Answer:
b. $20,000
Explanation:
Goodwill = Investment in Subsidiary - (Asset With book value - Liability with book value) - (Fair value of Asset - Book value of Asset)
Goodwill = $95,000 - ($86,400 - $15,000) - ($90,000 - $86,400)
Goodwill = $95,000 - $71,400 - $3,600
Goodwill = $20,000
So, parent should record goodwill on this purchase of $20,000
According to the text, all of the following are ways managers can improve their writing skills EXCEPT: a. respecting the reader. b. writing lengthy explanations. c. knowing your point and get to it. d. getting a second opinion. e. writing clearly rather than impressively.
Answer:
According to the text, all of the following are ways managers can improve their writing skills EXCEPT:
b. writing lengthy explanations.
Explanation:
The key to successful business reports is writing briefly. Managers who write lengthy explanations will not get the attention of their readers. Business reports should be highly summarized, concise, and be relevant at all times. A brief report respects the reader's time. It shows that the writer knows the relevant points to include.
What is the term for the aesthetic that emerged with technological innovations and through mass media and entertainment, avoiding any reference to past fashion, instead focusing on sleekness, banishment of frills, functional details, and performance and technical fabrics
Group of answer choices.
a. Avant-Garde
b. Zeitgeist
c. Modern
d. Post-Modern
Answer:
c. Modern.
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.
According to the economist Philip Kotler in his book titled "Marketing management" he stated that, there are five (5) levels of a product. This includes;
1. Core benefit.
2. Generic product.
3. Expected product.
4. Augmented product.
5. Potential product.
The core benefit of a product can be defined as the basic (fundamental) wants or needs that is being satisfied, met and taken care of when a customer purchase a product.
Innovation typically involves the creation of a new product of any category such as automobile, building, phones, electronics, etc., that generates money for the innovators or manufacturers through purchase made by the end users (consumers).
Modern is the term used to describe an aesthetic (artistic goods or products) that emerged with technological innovations and through mass media and entertainment, avoiding any reference to past fashion, instead focusing on sleekness, banishment of frills, functional details, and performance and technical fabrics.
This ultimately implies that, the product isn't obsolete in nature but designed and developed to meet new tastes.
Paul, a calendar year single taxpayer, has the following information for 2020: AGI $175,000 State income taxes 13,500 State sales tax 3,000 Real estate taxes 18,900 Gambling losses (gambling gains were $12,000) 6,800 Paul's allowable itemized deductions for 2020 are: a.$16,800. b.$39,200. c.$10,000. d.$42,200.
Answer:
b.$39,200
Explanation:
Calculation to determine Paul's allowable itemized deductions for 2020
Using this formula
2020 itemized deductions=State income taxes+Real estate taxes+Gambling losses
Let plug in the formula
2020 itemized deductions=$13,500+$18,900+$6,800
2020 itemized deductions=$39,200
Therefore Paul's allowable itemized deductions for 2020 are $39,200
spectrum corp desires a 25% target gross profit after covering all product costs: considering the total product costs assigned to the products c and d, what would spectrum have to charge the customer to achieve that gross profit
Answer:
Note: "The full question is attached as picture below"
Required selling price for product = Total product cost / Product cost as a percentage of selling price
Note: When the gross profit rate is 25%, this means that Product cost as a percentage of selling price is 75%
Total cost assigned for product C = $1,396
Total cost assigned for product D = $3,158
What would Oak have to charge the customer to achieve that gross profit?
Charge to the customer for Product C:
= $1,396 / 0.75
= $1861.333333333333
= $1,861.33
Charge to the customer for Product D:
= $3,158 / 0.75
= $4210.666666666667
= $4,210.67
Which one of the following statements is correct with respect to coinsurance used with commercial insurance policies? A. The rates ordinarily used for insuring buildings and personal property are calculated with the assumption that they will be used with a 100 percent coinsurance clause. B. When a policy requires a coinsurance percentage higher than 80 percent, the 80 percent coinsurance rate remains the same. C. When the coinsurance requirement is less than 80 percent, the rate is decreased. D. The 80 percent coinsurance rate is reduced when a policy requires a higher coinsurance percentage.
Answer:
D. The 80 percent coinsurance rate is reduced when a policy requires a higher coinsurance percentage.
Explanation:
Coinsurance is the amount which is fixed cost payable by the insurance seeker in order to provide claim against the risk. The coinsurance rate is decided based on the risk nature. If the risk is high the coinsurance rate will be higher so that insurance coverage is maximum.
Lake Incorporated purchased all of the outstanding stock of Huron Company paying $961,000 cash. Lake assumed all of the liabilities of Huron. Book values and fair values of acquired assets and liabilities were: Book Value Fair Value Current assets (net) $ 130,300 $ 124,700 Property, plant, equip. (net) 614,000 769,000 Liabilities 151,800 175,000 Lake would record goodwill of:
Answer:
$242,300
Explanation:
Goodwill = Purchase Price - Net Assets taken over at Fair Value
where,
Purchase Price = $961,000
Net Assets taken over at Fair Value = $ 124,700 + $769,000 - $175,000 = $718,700
therefore,
Goodwill = $961,000 - $718,700 = $242,300
conclusion :
Lake would record goodwill of $242,300