Answer:
c. less than
Explanation:
As in the question, it is mentioned that the correlation coefficient is 0.4 which is less than one
Now if the weighted average of an individual of four stock is 39% so the portfolio standard deviation is less than 39% due to the correlation coefficient which is less than one
Hence, the correct option is c.
Jen is investing in a partnership with Lisa. Jen contributes equipment that originally cost $65,000, has accumulated depreciation of $20,000, thus giving it a book value of $45,000, and has a fair value of $52,000. The entry to record Jen’s initial contribution to the partnership includes a
Answer:
Debit to equipment for $52000
Explanation:
Based on the information given we were told that Jen had a fair value of the amount of $52,000. This means that the Journal entry to record the initial contribution to the partnership will tend to include a DEBIT TO EQUIPMENT FOR THE AMOUNT OF $52,000 which is the fair value amount.
Debit to equipment for $52,000
An insured will be allowed to reactivate her lapsed life insurance policy if action is taken within a certain period of time, and proof of insurability is provided. Which policy provision allows this?
Answer:
The policy provision which is usually inserted to allow for Life Insurance policies to be reactivated after it has lapsed is called the Reinstatement Provision.
Explanation:
The reinstatement provision usually permits the policyholder a certain limit of time after the policy has expired within which they must renew the policy by paying the required premium (which in this case may come with interest).
They must also provide evidence of insurability; that is, medical proof of good health. A Medical History Statement (MHS) would usually suffice as proof of insurability.
Cheers!
The Reinstatement Provision is part of the policy that is typically added to enable the reactivation of Life Insurance policies after they have expired.
An insurance policy clause known as a reinstatement clause specifies when coverage conditions are reset if an insured person or company files a claim because of prior loss or damage. Reinstatement provisions typically do not change the terms of a policy, but they do enable the insurance to resume providing coverage for future claims.
The reinstatement clause often gives the policyholder a certain amount of time after the policy has ended in which to renew it by paying the requisite premium (which in this case may include interest). Additionally, they must offer proof of insurability, such as a clean bill of health.
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Nick manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash twice per month. On payday, he immediately goes out and buys all the goods he will need over the next two weeks in order to prevent the money in his wallet from losing value. What he can't spend, he converts into a more stable foreign currency for a steep fee. This is an example of the of inflation.
Answer:
Shoe leather cost
Explanation:
Inflation is a persistent rise in general price levels.
shoe leather cost is the cost incurred by people that do not want to hold cash in a period of high inflation so as to avoid paying inflation tax.
Nick's shoe leather costs includes buying goods immediately he is paid and converting the money he cant spend into foreign currency
Jamal is part of a management group that is examining whether his company, State Engineering, should offer some important new services that would broaden its business by appealing to a different group of potential clients. Jamal's group is involved with:
Answer:
strategic planning
Explanation:
In simple words, Strategic preparation refers to the method of tracking your local small company and setting a pathway — by determining where you're actually at and where you are heading.
Such strategic plan provides a facility to archive your purpose , dream, and principles, and also your long-term objectives and the formative assessments you will be using to accomplish them.
Uniway Technologies Inc. has based its manufacturing units in the country of Lanthania. The country's stable economic and political environment has helped the firm gain competitive advantage by lowering its production costs and improving product quality. Other things being equal, the benefits realized from such a strategy can be typically referred to as _____.
Answer:
location economies
Explanation:
Location economics refers to the economics in which the firm is able to find the location for their goods and services. It reflects the utilization setting for company goods. Also the production of goods using the optimum setting brings the extra advantage over the rivals.
Therefore according to the given situation, if it gained competitive advantage via improving the quality of products at less production cost keeping other things constant, the benefit gained from this strategy refers to the location economics
On behalf of Bobble Head Manufacturing Company, Carmela types her name at the bottom of an e-mail purchase order and submits the order to Designer Parts Company. Under the UETA, Carmela’s typed name qualifies as Group of answer choices
Answer:
A signature.
Explanation:
On behalf of Bobble Head Manufacturing Company, Carmela types her name at the bottom of an e-mail purchase order and submits the order to Designer Parts Company. Under the UETA, Carmela’s typed name qualifies as signature.
In practice, the cost minimization strategy can be more expensive than the opportunity maximization strategy. Which of the following is a way in which the cost minimization strategy is less expensive than the opportunity minimization strategy?
a. The loss of unexpected opportunities
b. The cost of extensive monitoring mechanisms
c. The costs of writing detailed contracts
d. The prevention of opportunistic behavior by the partner(s)
Explanation: the answer would be d
Adirondack Marketing Inc. manufactures two products, A and B. Presently, the company uses a single plantwide factory overhead rate for allocating overhead to products. However, management is considering moving to a multiple department rate system for allocating overhead. Overhead Total Direct Labor Hours DLH per Product A B Painting Dept. $241,200 11,300 2 11 Finishing Dept. 60,900 11,800 3 3 Totals $302,100 23,100 5 14 The single plantwide factory overhead rate for Adirondack Marketing Inc. is
Answer:
Predetermined manufacturing overhead rate= $17,115.80
Explanation:
Giving the following information:
Overhead Total Direct Labor Hours DLH per Product A B
Painting Dept. $241,200 11,300 2 11
Finishing Dept. 60,900 11,800 3 3
Totals $302,100 23,100 5 14
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Total direct labor hours= 5 + 14= 19
Total overhead= 302,100 + 23,100= $325,200
Predetermined manufacturing overhead rate= 325,200/19
Predetermined manufacturing overhead rate= $17,115.80
uncertainty avoidance (e.g., Greece, Portugal, and Uruguay) is associated with a need for structure, avoiding differences, and very formal business conduct governed by many rules, whereas a _______ uncertainty avoidance (e.g., Singapore, Jamaica, and Hong Kong) is characterized by an informal business culture, acceptance of risk, and more concern with long term strategy and performance than with daily events. A. Lower, higher B. Higher, lower C. Positive, negative D. Negative, positive
Answer:
B. Higher, lower
Explanation:
Uncertainty avoidance refers to how tolerant is the society in respect to ambiguity and unpredictable things. High uncertainty avoidance cultures don't like uncertainty and try to control this through laws and rules. Low uncertainty avoidance cultures feel comfortable with uncertainty and people tend to be tolerant to changes and have few rules.
According to that, the answer is that higher uncertainty avoidance (e.g., Greece, Portugal, and Uruguay) is associated with a need for structure, avoiding differences, and very formal business conduct governed by many rules, whereas a lower uncertainty avoidance (e.g., Singapore, Jamaica, and Hong Kong) is characterized by an informal business culture, acceptance of risk, and more concern with long term strategy and performance than with daily events.
In the manufacture of 10,000 units of a product, direct materials cost incurred was $165,000, direct labor cost incurred was $105,000, and applied factory overhead was $53,000. The total conversion cost is
Answer:
$158,000
Explanation:
During the manufacture of 10,000 units of a products, the direct costs incurred was $165,000
The direct labour costs incurred was $105,000
The applied factory overhead was $53,000
Therefore, the total conversion cost can be calculated as follows
Total conversion costs= Direct labour+ Factory overhead
= $105,000+$53,000
= $158,000
Hence the total conversion cost is $158,000
This table shows Lucas’s budget from last month. He also included his actual expenses after the month ended. Which of these changes should Lucas consider in next month’s budget? Check all that apply. less for income less for food more for discretionary spending more for income less for discretionary spending
Answer:
Less for income
Less for food
less for discretionary spending
Explanation:
Luca has prepared the budget for the month. He has included actual expenses in the budget to compare the budget with actual expenses. He has used flexed budgeting technique to incorporate his savings and expenses. He should keep less income, less for food and less for discretionary expenses in the new budget.
Answer:
A: less for income
B: less for food
E: less for discretionary spending
Explanation:
In his new budget he needs to do less for income, less for food, and less for discretionary spending. He needs less for income because in his budget it assumes he makes 400$ a month, however this month he made 375$. He needs to cut down on food an discretionary spending because he is spending too much for the amount he makes.
When we take taxes into account, MM's 1958 Proposition could no longer hold, and the capital structure can be essential because of:____________.
a. higher operating income from lower dividends.
b. interest tax shield.
c. higher tax rates on retained earnings than on debt.
d. lower tax rates on dividends than on debt.
Answer:
MM's 1958 PropositionWhen we take taxes into account, MM's 1958 Proposition could no longer hold, and the capital structure can be essential because of:
b. interest tax shield.Explanation:
The propositions of Miller and Modigliani are that a firm's market value does not depend on the capital structure and the cost of equity increases as the percentage of debt increases.
But, when taxes are accounted for, MM's Propositions are no longer tenable, because debts provide interest tax shield and the market value of a firm is impacted by debts' interests and the tax shield that interests provide. Tax burden is reduced with interests on debts. This increases the Earnings per share, an important element in the valuation of a firm's market value.
The cause due to which capital structure is significant as per MM's 1958 proposition would be:
B). Interest tax shield.
MM's 1958 PropositionThe propositions made by MM i.e. Miller and Modigliani state that the value of a specific firm must not rely upon the capital structure it possesses.
They rather laid emphasis on calculating the worth by deducting that the tax shield is being displayed due to the interests received on the debts owned by the company.
This leads the firms to release their burden of taxes by shielding it through debts and as a result, the income increases. Therefore, this element must be involved while calculating the value of the firm.
Thus, option B is the correct answer.
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You own a franchise of rental car agencies in Florida. You recently read a report indicating that about 80 percent of all tourists visit Florida during the winter months in any given year, and that 60 percent of all tourists traveling to Florida by air rent automobiles. Travelers not planning ahead often have great difficulty finding rental cars due to high demand. However, during nonwinter months tourism drops dramatically and travelers have no problem securing rental car reservations. Determine the optimal pricing strategy for this situation. Block pricing Peak-load pricing Randomized pricing Two-part pricing
Answer:
Peak-load pricing
Explanation:
Prices are set in a way that high sales turnover are attracted and profit maximized. This makes it necessary for market situation to be studied and analysed during price setting for best pricing decision.
The optimal pricing situation for the situation in the scenario is Peak - load pricing.
In Peak-load pricing , higher prices are charged when demand is at its peak with few competitors in the market , and the price is dropped when the market suffers a drop in demand of such goods,
The aim to to take an advantage of the peak period in making a maximum income.
Answer the question on the basis of the following information. A farmer who has fixed amounts of land and capital finds that total product is 24 for the first worker hired; 32 when two workers are hired; 37 when three are hired; and 40 when four are hired. The farmer's product sells for $3 per unit and the wage rate is $13 per worker. Refer to the given information. The marginal revenue product of the second worker is:
Answer: $24
Explanation:
Given the following :
Total product for first worker hired = 24
Total product when two workers are hired = 32
Product price = $3 per unit
The marginal revenue product of a worker is equal to the product of the marginal product of labor (MPL) and the marginal revenue (MR) of output.
Marginal revenue product of second worker:
The marginal product of labor :
Change in output when additional labor is added
Therefore, change in product when worker increases from one to two workers ;
32 - 24 = 8 products
Marginal product of labor * product price
8 * $3 = $24
Draw a demand curve for lattes and label the curve. Use any prices and quantities you wish, but make your demand curve obey the law of demand. The law of demand states that ______, the ______ the price of a good, the smaller is the quantity demanded.
Answer:
please check the attached image for the diagram of the demand curve
other things remaining the same
higher
Explanation:
the law of demand states that other things remaining the same, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
the demand curve is downward sloping in accordance to the law of demand.
Answer:
The law of demand states that other things remaining the same, the higher the price of a good, the smaller is the quantity demanded; and the lower the price of a good, the greater is the quantity demanded.
Explanation:
The law of demand states that other things remaining the same, the higher the price of a good, the smaller the quantity demanded. The demand curve slopes downward.
Other things remaining the same, if the price of a good rises, the quantity demanded of that good decreases; and if the price of a good falls, the quantity demanded of that good increases.
2. Demand for Riana's product in the U.S. is inconsistent. When orders are slow, she sometimes needs to shut down production to help control inventory levels. One way Riana could improve her firm's situation is to
Answer:
One very feasible solution to Rianas business challenge is to explore and take advantage of other markets outside of the United States of America.
Explanation:
In other words, she needs to come up with a business strategy that includes exportation of her products.
The target market(s) must be carefully analyzed for ease of entry, competition, etc. She must be able to accurately distinguish her products in those markets.
When entering new terrains as an exporter, it is usually better to look for markets with higher:
Ease of entryEase of doing businessEase of communication etc.Desk research alone will not suffice. Riana must try to visit the country she is planning to expand into. Next, her pricing, product positioning etc must be flawless. It will help Riana to also seek help from a business growth consultant who knows the new terrain very well.
Cheers!
2) A firm sells two products. Product R sells for $20; its variable cost is $6. Product S sells for $50; its variable cost is $30. Product R accounts for 60 percent of the firm's sales, while S accounts for 40 percent. The firm's fixed costs are $4 million annually. Calculate the firm's break-even point in dollars.
Answer:
$6896551.7
Explanation:
Given the following :
Product R:
Selling price = $20
Variable cost = $6
Product S:
Selling price = $50
Variable cost = $30
Firm's fixed cost = $4, 000,000
Break-even point dollars = (Fixed cost /Contribution margin ratio)
Contribution margin : selling price - variable cost
Product R: $(20 - 6) = $14
Contribution margin ratio = ($14/$20) * 60% = 0.42
Product S: $(50 - 30) = $20
Contribution margin ratio = ($20/$50) * 40% = 0.16
Sum of contribution margin ratio for both products = (0.42 + 0.16) = 0.58
Break-even point dollars = (Fixed cost /sum of Contribution margin ratio)
= $4,000,000/0.58
= $6896551.7
On December 31, 2018, Gardner Company holds debt securities classified as HTM with a face amount of $100,000 and a carrying value of $95,000. The bonds have an effective interest rate of 6% and pay interest of $2,500 semi-annually on June 30 and December 31. The effective interest revenue recognized for the six months ended December 31, 2018 is:
Answer:
$2,850
Explanation:
Given the following :
Face value of security = $100,000
Carrying value = $95,000
Effective interest rate = 6%
Interest paid semianually = $2500
The effective interest revenue recognized for the six months ended December 31, 2018 is:
IF effective interest rate = 6%
Semiannual interest = 6% / 2 = 3%
Therefore effective interest revenue for six months will be the product of the carrying value and the interest rate within the six months period :
3% = 0.03
0.03 * $95,000 = $2,850
ABO purchased a truck at the beginning of 2018 for $140,000. They sold the truck at the end of 2019 for $95,000. If the expected useful life of the truck was six years with a residual value of $20,000 and ABO uses straight-line depreciation, which of the following is true regarding the entry to record the sale of the truck?
A. Credit Gain $5,000
B. Debit Loss $5,000.
C. Credit Accumulated Depreciation $40,000.
D. Credit Equipment $100.000.
Answer:
Therefore, the entry to record the sale of the truck involves B. Debit Loss $5,000.
Explanation:
First determine the Accumulated depreciation on the Truck
Depreciation Expense = Cost - Residual Value / Estimated Useful years
= ($140,000 - $20,000) / 6
= $20,000
Accumulated Depreciation :
2018 : $20,000
2019 : $20,000
Total : $40,000
Then Process the Sales journal to determine the profit or loss on sale of Truck as follows :
Accumulated Depreciation $40,000 (debit)
Cash $95,000 (debit)
Profit and Loss $5,000(debit)
Cost : Truck $140,000 (credit)
Conclusion :
Therefore, the entry to record the sale of the truck involves B. Debit Loss $5,000.
S&P Enterprises has scheduled direct material purchases of $120,000 in April, $140,000 in May and $160,000 in June. The company pays for 75% of its purchases in the month of purchase and 25% the month after the purchase. Calculate the expected cash disbursements for t
Answer:
Results are below.
Explanation:
Giving the following information:
Purchases:
April= $120,000
May= $140,000
June= $160,000
The company pays for 75% of its purchases in the month of purchase and 25% the month after the purchase.
We can calculate the cash disbursement for each month:
April:
Purchase from April= 120,000*0.75= 90,000
May:
Purchase from May= 140,000*0.75= 105,000
Purchase from April= 120,000*0.25= 30,000
Total= 135,000
June:
Purchase from May= 140,000*0.25= 35,000
Purchase from June= 160,000*0.75= 120,000
Total= 155,000
Pat is a rich boy whose parents supply him with every conceivable necessity of life. While still a minor, Pat buys a coat on credit from a men's store for $5,000. After wearing the coat for a while, Pat decides that it bores him and that he would like to disaffirm. Which of the following is most likely to be true? Assume that Pat is still a minor.
A. Pat can disaffirm the contract, but the store will sue him for deceit.
B. Pat cannot disaffirm the contract, and he is liable for the full price of the coat ($5,000).
C. Pat cannot disaffirm the contract, but he is liable only for the reasonable value of the coat.
D. Pat can disaffirm the contract, and he must return the coat.
Answer:
A
Explanation:
Generally speaking, a minor may disaffirm a contract at any time during minority or for a reasonable time after the minor comes of age. When a minor disaffirms a contract, all property that he or she has transferred as consideration can be recovered -- even if it was subsequently transferred to a third party. But to say something is disaffirm is to say it never exsited so therefore the store would be able to sue.
A person borrows $100,000 from the bank for 6 months at an annual simple interest rate of 5%, what steps do you take to determine how much principal and interest are due at the end of the 6 months to determine how much he/she needs to pay to the bank? Please describe how you would solve.
Answer:
$100,000 and $2,500
Explanation:
The computation of the principal and the interest due at the end of the 6 months is shown below:
As we know that
Simple interest is
= Principal × rate of interest × number of months ÷ (total number of months in a year)
= $100,000 × 5% × (6 months ÷ 12 months)
= $2,500
The total amount would she paid is
= Principal + interest
= $100,000 + $2,500
= $102,500
Q 8.15: The financial statements of the Tyler Company report net sales of $300,000 and accounts receivable of $50,000 and $10,000 at the beginning of the year and end of year, respectively. What is the accounts receivable turnover for the Tyler Company
Answer:
10 times
Explanation:
The financial statement of Tyler company reports a net sales of $300,000
The account receivables at the beginning of the year is $50,000
The account receivables at the end of the year is $10,000
Therefore, the accounts receivable turnover for Tyler company can be calculated as follows
= net sales/average net account receivables
= $300,000/($50,000+$10,000/2)
= $300,000/($60,000/2)
= $300,000/$30,000
= 10 times
Hence the accounts receivable turnover for Tyler company is 10 times
If the predetermined overhead allocation rate is 250% of direct labor cost and the Finishing Department's direct labor cost for the reporting period is $20,000, the following entry would record the allocation of overhead to the products processed in this department:
Work in Process Inventory, Finishing Dept 50,000 Factory Overhead 50,000
a) True
b) False
Answer:
a) True
Explanation:
The following entry would be recorded to allocate the overhead to the products processed
Date Account&Explanation Debit Credit
Work in progress, Finishing department $50,000
($20,000 * 250%)
Factory Overhead $50,000
(To allocate the overhead)
Explanation: Work in process account would be debited to accumulate the manufacturing overhead to the cost of the product
And, factory overhead would be credited to charge such expenses to the product
Conclusion: The given journal entry is correct.
Suppose that a firm operating in perfectly competitive market sells 300 units of output at a price of $3 each. Which of the following statements is correct? (i) Marginal revenue equals $3. (ii) Average revenue equals $3. (iii) Total revenue equals $900. a. (i) only b. (iii) only c. (i) and (ii) only d. (i), (ii), and (iii)
Answer:
d. (i), (ii), and (iii)
Explanation:
A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
Price = marginal revenue = average price
total revenue = price x quantity = $3 x 300 = $900
hen Jayden, a salesman at Srastis, a company that sells home appliances, did not achieve his sales targets for three consecutive quarters, his manager asked him to resign. In the context of human resource planning, this scenario best illustrates _____ at Srastis.
Answer: Employee separation
Explanation:
From the question, we are informed that Jayden, a salesman at Srastis, a company that sells home appliances, did not achieve his sales targets for three consecutive quarters, and that his manager asked him to resign.
In the context of human resource planning, this scenario best illustrates employee separation. Employee separation has to do with situation whereby the services of an employee is no longer needed by an organization.
Assume that Fred and Paul sign a contract in which Fred agrees to paint Paul's house in exchange for $500. If Fred and Paul agree one week later that Paul will pay Fred's daughter, Emma, the $500 directly as a birthday gift and they notify Emma of this fact, then Emma is a. intended beneficiary. b. assignee. c. incidental beneficiary. d. a delegatee. e. a beneficiary.
Answer:
option c
Explanation:
In simple words, An incidental recipient refers to the third party benefiting from a deal with two certain parties, however it is never meant to support a third party. Accordingly, that third party has no legal protection underneath the deal in the agreement. Thus, from the above we can conclude that the correct option is C.
Quik Meds hired Frank as a delivery driver. Because there was a backlog of deliveries, the company allowed Frank to work pending the outcome of his background investigation. Shortly after he was hired, Frank was caught stealing a customer's purse. The customer was injured in the scuffle over her purse. The customer later sued Quik Meds for negligent hiring. Quik Meds defended itself by arguing it was not liable for an employee's actions. Is this a viable defense?
Complete/Correct Question:
Quik Meds hired Frank as a delivery driver. Because there was a backlog of deliveries, the company allowed Frank to work pending the outcome of his background investigation. Shortly after he was hired, Frank was caught stealing a customer's purse. The customer was injured in the scuffle over her purse. The customer later sued Quik Meds for negligent hiring. Quik Meds defended itself by arguing it was not liable for an employee's actions. Is this a viable defense?
Select one:
a. Yes, because employees are liable for their own torts.
b. Yes, because Frank was not acting on behalf of Quik Meds when he engaged in the misconduct.
c. No, because Quik Meds failed to conduct a background search on Frank.
d. No, because Quik Meds is strictly liable for employee on-the-job conduct.
Answer:
C, No, because Quik Medds failed to conduct a background search on Frank.
Explanation:
The defense of Quik Meds in the case of their customer against the company is not viable. This is because the result of the background checks on Frank had not returned or background check before he was employed. This means that if the Quik Meds were patient enough for the background check to have concluded, he might have been found out and no employed but Quik Med.
Cheers.
Suppose first main street bank, second republic bank, and third fidelity bank all have zero excess reserves. the required reserve ratio is 20%. the federal reserve buys a government bond worth $1,500,000 from hubert, a client of first main street bank. he deposits the money into his checking account at first main street bank.
Complete Question:
Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserve ratio is 20%. Hubert, a client of First Main Street Bank, deposits $1,500,000 into his checking account at First Main Street Bank.
Complete the following table to reflect any changes in First Main Street Bank's T-account (before the bank makes any new loans).
Answer:
Dr Assets Reserves $1,500,000
Cr Liabilities Deposits $1,500,000
Explanation:
When the bank borrowed $1.5 million, it increased its cash reserves and the liability with the same amount. The increase in the assets side of T-account was $1,500,000 which increased the bank reserves and the increase in the liability side of the T-account was also $1,500,000 which increased the demand deposits.
The addition of reserves means that the bank can make loans to borrowers and earn interest on it. Likewise, the demand deposit can be withdrawn if Hubert wants to withdraw the amount because the bank is the borrower.
The double entry would be as under:
Dr Assets Reserves $1,500,000
Cr Liabilities Deposits $1,500,000
Hung and Suzanne’s company has instituted a new volunteering program where more experienced employees mentor the youngest employees, many of whom are fresh from college or internships. Hung signs up, but Suzanne does not. A few months later, how does Hung likely feel about having become a volunteer?
Answer: E) She feels more engaged in the company and in her primary role.
had to complete the question.
A) She enjoys it, but her colleagues think she is kissing up to the management.
B) She feels resentful, since she is essentially working for free.
C) She likes it but feels her mentees take advantage of her time, becoming a distraction.
D) She likes it but finds the extra time commitment a major problem.
E) She feels more engaged in the company and in her primary role.
Explanation: since she has taken up the companys new volunteering scheme/ programme after a few months Hung would feel more engaged in the company and in her primary role. This is so becau Hung has succed to pass down her knowledge and experience through the program to young interns who are new to the job world and lack the technical know how to perform such task and duties.