Answer:
b. one Dollar can buy 0.738 Euros
Explanation:
Given that
The Current Exchange rate is
= $1.335 ÷ 0.738 Euro
The 0.738 represents the indirect exchange rate now transform it into direct exchange rate
Direct Exchange rate is
= $1 ÷ 0.738 Euro
= $1.3550
Now bid price for purchase one euro is $1.335 and ask price to purchase one euro is $1.355
But the person could purchased at ask price only
Therefore the option b is correct
____________________ is leveraging cross-border differences in needs and wants of the firm's target customers.
Answer: customization
Explanation:
Customization is typically used in international marketing and it is when the wants and needs of customers are being tailored and modified in such a way that will match the local market conditions.
Customization is leveraging cross-border differences in needs and wants of the firm's target customers.
Four possibilities are equally likely and have payoffs of $2, $4, $6, and $10. The expected value is:
Answer:
Expected value is 5.5
Explanation:
Expected value = sum of X*P(x)
= 1/4*2 + 1/4*4 + 1/4*6 + 1/4*10
= 0.5 + 1.0 + 1.5 + 2 .5
= 5.5
On July 1 Plum Co. paid $9,000 cash for management services to be performed over a two-year period. Plum follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. On July 1 Plum should record:________.
Answer:
DR Prepaid expense $9,000
CR Cash $9,000
Explanation:
Based on the information given about Plum Co. In which we were been told that the company paid the amount of $9,000 in cash in order for management services to be performed and since the company record all prepaid expenses to their asset accounts this means that on July 1 Plum should:
DR Prepaid expense $9,000
CR Cash $9,000
Streamlining the corporate e-procurement process within the organization’s supply chain helps control costs in all of the following ways except _________. Select one: a. reduces the number of employees needed to process purchasing b. reduces the procurement cycle time to order and receive items c. empowers suppliers to negotiate terms of service d. empowers an organization’s staff with product information needed to make intelligent decisions when procuring items
Answer: c. empowers suppliers to negotiate terms of service
Explanation
Streamlining the corporate e-procurement process within the organization’s supply chain helps control costs in all of the following ways except empowers suppliers to negotiate terms of service
Streamlining of business processes helps in increasing the organization's efficiency through the simplification of tasks, by reducing wastes and passing unnecessary steps.
Write down a list of potential satisfiers in financial services and then a list of dissatisfiers. what would be the benefits to the financial institution of eliminating or reducing the dissatisfiers?
Answer:
Explanation:
Satisfiers are positive factors which influence work behavior. They are often addressed as "motivation givers"
List of satisfiers includes
Recognition
Promotion
Growth
Self growth
Achievements
Dissatisfiers on the other hand, are the negative factors that influence work behavior. They are called "hygene factors". Basically, they do not provide satisfaction.
Examples of dissatisfiers include
Company policies which frustrate employees
Working in unfavourable conditions
Poor salary
Not placing value on the employees
Too many bureaucracy.
Eliminating dissatisfiers brings decorum to a financial institution. It makes the institution utopian, so to say
The selling and administrative expense budget of Gullette Corporation is based on the number of units sold, which are budgeted to be 3,700 units in April. The variable selling and administrative expense is $4.80 per unit. The budgeted fixed selling and administrative expense is $30,180 per month, which includes depreciation of $3,450. The remainder of the fixed selling and administrative expense represents current cash flows.Required:Prepare the selling and administrative expense budget for April.AprilBudgeted unit sales Variable selling and administrative expense per unit Variable selling and administrative expense Fixed selling and administrative expense Total selling and administrative expense Cash disbursements for selling and administrative expenses
Answer:
Gullette Corporation
Gullette Corporation
Selling and administrative expense budget for April:
April Budgeted unit sales = 3,700
Variable selling and administrative expense per unit = $4.80
Variable selling and administrative expense = $17,760
Fixed selling and administrative expense = $30,180
Total selling and administrative expense = $47,940
Less Depreciation expense = ($3,450)
Cash disbursements for selling and
administrative expenses $44,490
Explanation:
Data:
Budgeted units sales = 3,700
Variable selling and administrative expense = $4.80 per unit
Budgeted fixed selling and administrative expense = $30,180 per month
Depreciation in fixed expense = $3,450
Gullette Corporation
Selling and administrative expense budget for April:
April Budgeted unit sales = 3,700
Variable selling and administrative expense per unit = $4.80
Variable selling and administrative expense = $17,760
Fixed selling and administrative expense = $30,180
Total selling and administrative expense = $47,940
Less Depreciation expense = ($3,450)
Cash disbursements for selling and
administrative expenses $44,490
b) Under the budgetary process, Gullette Corporation prepares its selling and administrative expense budget to include the variable and fixed elements. The variable element of Gullette's selling and administrative expenses varies per unit with the volume of sales, while the fixed element remains relatively constant in total. The total cash disbursements for selling and administrative expenses do not include depreciation.
A(n) ________ involves a firm in one country agreeing to operate facilities for a firm in another country for an agreed fee.
Complete Question:
A(n) ________ involves a firm in one country agreeing to operate facilities for a firm in another country for an agreed fee.
Group of answer choices
A) franchising agreement
B) licensing agreement
C) management contract
D) indirect investment
Answer:
C) management contract
Explanation:
A management contract involves a firm in one country agreeing to operate facilities for a firm in another country for an agreed fee.
In Business, management contract can be defined as a legal or legitimate written agreement which enables a separate business, as well as perform the necessary managerial functions such as coordination and oversight functions on its behalf but in return for an agreed upon fee.
Suppose the world price of steel falls substantially. The demand for labor among steel-producing firms in Pennsylvania will
Answer: decrease
Explanation:
Demand is the amount of product or service that a economic entity wants to buy at a certain price at a particular time period.
When the world price of steel falls substantially, the demand for labor among steel-producing firms in Pennsylvania will reduce. This is because as price reduces, producers will want to supply less steel thereby demand for labor will reduce.
Given a normal selling price per unit of $750, what is the contribution margin per unit sold for recurring (i.e., normal) sales
Answer:
$396
Explanation:
Calculation for the contribution margin per unit sold for recurring sales
Using this formula
Contribution margin per unit = Normal Selling price per unit - (Direct material +Direct labor+Variable factory overhead)-Variable selling & administrative costs
Let plug in the formula
Contribution margin per unit = $750 - ($120+ $150 + $60) - $24
Contribution margin per unit = $750 - $330 - $24
Contribution margin per unit= $396
Therefore the contribution margin per unit sold for recurring sales will be $396
"In 2020, a customer buys a 3 3/4% U.S. Government bond maturing in 2029 at 104-16. The customer elects to amortize the bond premium for tax purposes. If the bond is sold after 2 years, its cost basis at that time is:"
Answer:
carrying value after 2 years = $967.64
Explanation:
the journal entry to record the purchase of the bond:
Dr Investment in bonds 1,000
Dr Premium on investment in bonds 41.60
Cr Cash 1,041.60
Assuming a straight line amortization, the yearly amortization = $41.60 / 9 years = $4.62 per year
carrying value at moment of purchase = $958.40
carrying value after 1 year = $963.02
carrying value after 2 years = $967.64
Every residential homeowner is entitled to a property tax exemption from the full cash value of:___________.
a. $ 4000
b. $ 5000
c. $ 7000
d. $ 7500
Answer: c. $ 7,000
Explanation;
Homeowners who list the house they own as their primary place of residence are entitled to a tax exemption from the full cash value of $7,000.
This thus enables them to make savings on taxes paid every year. The home as previously alluded to, must be occupied by the owner and not rented nor vacant for one to qualify for this tax exemption.
I sell bottled water that costs me $1 to produce. I mark each bottle up by $2. What is my margin on price
Answer:
50%
Explanation:
To calculate the margin on price, you have to find the difference between the price of the good and the cost to produce it and the result is divided by the price of the product:
Margin=(2-1)/2
Margin=1/2
Margin=0.5 → 50%
According to this, your margin on price is 50%.
The management of Heider Corporation is considering dropping product J14V. Data from the company's accounting system appear below:
Sales: $980,000
Variable expenses: $394,000
Fixed manufacturing expenses: $376,000
Fixed selling and administrative expenses : $256,000
In the company's accounting system all fixed expenses of the company are fully allocated to products. Further investigation has revealed that $245,000 of the fixed manufacturing expenses and $206,000 of the fixed selling and administrative expenses are avoidable if product J14V is discontinued. What would be the effect on the company's overall net operating income if product J14V were dropped?
Answer:
Overall net operating income would decrease by $135,000
Explanation:
Calculation for What would be the effect on the company's overall net operating income if product J14V were dropped
Keep J14V Drop J14VDifference
Sales$980,000 $ 0 $(980,000)
Variable expenses
$394,000 $0 $394,000
Contribution margin
$586,000 $0 $(586,000)
Fixed expenses:
Fixed manufacturingexpenses
$376,000 $131,000 $245,000
($376,000-$245,000=$131,000)
Fixed selling and administrative expenses
$256,000 $50,000 $206,000
($256,000-$206,000=$50,000)
Net operating income(loss)
$(46,000) $(181,000) $(135,000)
Net operating income would decline by $135,000
Therefore the Overall net operating income would decrease by $135,000.
The Club Auto Parts Company has just recently been organized. It is expected to experience no growth for the next 2 years as it identifies its market and acquires its inventory. However, Club will grow at an annual rate of 5% in the third and fourth years and, beginning with the fifth year, should attain a 10% growth rate which it will sustain thereafter. The last dividend paid was $0.50 per share. Club has a cost of capital of 12%. What should be the present price per share of Club common stock?
Answer:
need free points sry
Explanation:
The company has a target net income of $206,000. What is the required sales in dollars for the company to meet its target?
Complete Question:
Blue Spruce Corporation has collected the following information after its first year of sales. Sales were $1,600,000 on 100,000 units, selling expenses $240,000 (40% variable and 60% fixed), direct materials $514,000, direct labor $270,800, administrative expenses $280,000 (20% variable and 80% fixed), and manufacturing overhead $376,000 (70% variable and 30% fixed). Top management has asked you to do a CVP analysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10% next year.
Requirement:
The company has a target net income of $206,000. What is the required sales in dollars for the company to meet its target?
Answer:
$2,747,200
Explanation:
We can calculate the target sales by using the following following formula:
Target Sales = (Fixed Cost + Target Net Income) / Contribution to Sales Ratio (Step1)
Here
Target Net Income is $206,000
Fixed Cost includes 60% of selling expenses $240,000 (100%), 80% of administrative expenses $280,000 (100%) and 30% of manufacturing overhead $376,000 (100%).
This means that:
Total Fixed Cost = 60% * $240,000 + 80% * $280,000 + 30% * $376,000
Fixed Cost = $144,000 + $224,000 + $112,800
Fixed Cost = $480,800
Contribution to Sales ration is 25%
By putting values in the above equation, we have:
Target Sales = ($480,800 + $206,000) / 25% = $2,747,200Step1: Find Contribution to Sales Ratio
As we know that:
Contribution to Sales Ratio = (Selling Price per Unit (Step2) - Variable Cost per Unit (Step3) ) / Selling Price per Unit
Here
Selling Price per unit is $16 per Unit
Variable Cost per Unit is $12 per Unit
Contribution Sales Ratio is 25%
By putting values, we have:
Contribution Sales Ratio = ($16 per Unit - $12 per Unit) / $16 per Unit
Contribution Sales Ratio = 25%
Step2: Find Selling Price Per Unit
Selling price per unit = Total sales / Total units = $1,600,000 / 100,000 Units
Selling price per unit = $16 per Unit
Step3: Find Variable Cost per unit
Here, the first thing that we would compute will be total variable cost and then we will calculate variable cost per unit.
Here
Total Variable Cost = (Selling expenses $240,000 * 40%) + (Direct Material Cost $514,000) + (Direct Labor Cost of $270,800) + (Administrative expenses of $280,000 * 20%) + (Manufacturing overhead $376,000 * 70%)
Total Variable Cost = ($240,000 * 40%) + ($514,000) + ($270,800) + ($280,000 * 20%) + ($376,000 * 70%)
= $96,000 + $514,000 + $270,800 + $56,000 + $263,200
Total Variable Cost = $1,200,000 for 100,000 Units
Variable Cost For single unit = $1,200,000 / 100,000 Units
Variable Cost per Unit = $12 per Unit
Mason’s Meows is a company that makes cat toys. The company sells 1200 toys per year. The firm incurs a fixed cost of $150 in labor each time it starts up the manufacturing process to begin a new batch of toys. Each toy costs Mason’s Meows $9 to produce. The company's accountant recommends using a holding cost equal to 20% of the cost of the toy, per year.
a) What is the optimal batch size, Q*? If the company uses batches of size Q*, how many times per year, on average, will it start up the manufacturing process?
b) After careful analysis, the inventory team at Mason's Meows realized that the per-unit production cost is smaller if the batch size is larger. In particular, the production cost is $9 per unit for batches of fewer than 400 units and $7.50 per unit for batches of 400 or more units. Now what is the optimal batch size?
Answer:
a. The optimal batch size, Q * is Economic order quantity (EOQ)
Annual demand = 1,200 toys
Cost of each toy =$9
Fixed cost starts up the manufacturing process (S) = $150/batch
Inventory carrying cost (H) = 20% of the cost of the toy, per year
Inventory carrying cost (H) = 20% *$9 per unit
Inventory carrying cost (H) = $1.80 per Toy per year
EOQ = Q* = √ (2 * Annual Demand *fixed processing cost/ Inventory carrying cost)
EOQ = √ (2 * 1,200 *$150 / $1.80)
EOQ = Q* = 447.21
EOQ = Q* = 447 toys
The optimal batch size is 447 toys
Number of orders per year, on average, if it will start up the manufacturing process
= Annual demand / EOQ
= 1,200 / 447
= 2.68 times per year
b. Annual demand = 1200 toys
Cost of each toy =$7.5 (assume that batch size is more than 400)
Fixed cost starts up the manufacturing process (S) = $150/batch
Inventory carrying cost (H) = 20% of the cost of the toy, per year
Inventory carrying cost (H) = 20% *$7.5 per unit
Inventory carrying cost (H) = $1.50 per Toy per year
EOQ = Q* = √ (2 * Annual Demand *fixed processing cost/ Inventory carrying cost)
EOQ = √ (2 * 1,200 *$150 / $1.50)
EOQ = Q* = 489.90
EOQ = Q* = 490 toys
The optimal batch size is 490 toys.
What assets would be least likely used to back a collateralized debt obligation (CDO)?
Answer:
Collateralized debt obligation (CDO) can be defined as a structured financial product that is backed by a pool of loans and some assets that are pooled together and divided into tranches and thereby sold to institutional investors.
Some assets that can used are treasury bills, corporate bonds, real estates, certificates of deposit, and cash.
Assets that cannot be used are assets that decline in value like electronics, food etc.
Suppose a stock had an initial price of $56 per share, paid a dividend of $1.60 per share during the year, and had an ending share price of $66. What was the dividend yield and the capital gains yield?
Answer:
Dividend yield= 2.85%
Capital gain yield= 17.85%
Explanation:
A stock has an initial price of $56 per share
The dividend paid is $1.60 per share.
The ending share price is $66
The dividend yield can be calculated as follows
= $1.60/56
= 0.0285
= 2.85%
The capital gain yield can be calculated as follows
= $66-$56/$56
= $10/$56
= 0.1785
= 17.85%
"Referring to the order to buy 100 shares for DW at $50.02, if a trade is not effected on this day, which statement is TRUE?"
Answer:
Option A
Explanation:
If the order is not executed by day, the order will be canceled by DMW or specialist. Option B is not correct because only DW can't cancel the order And Option C and D are not correct.
the order
Option A: the order will be canceled by DMM/specialist
Option B: The order will be canceled by DW securities
Option C: The order remains open on the specialist/DMM book for on more day
Option D: The order remains open on the specialist/DMM book until canceled
Which metric focuses on the percentage of applicants from a particular source that advance to the next stage of the selection process
Answer: Yield rate
Explanation:
The yield rate is a metric that focuses on the percentage of applicants from a particular source that advance to the next stage of the selection process.
A yield rate simply gives the percentage of applicants that come from a particular source and is the method used to know this that passed and made it to the selection process next stage. For example, if 100 applicants applied for a job and submitted their résumés through the web site of an organization and then 10 were informed to come for an interview, then the yield rate is 10%.
Outsourcing and insurance are ways of __________ risk.
Answer:
Outsourcing and insurance are ways of transferring risk.
Explanation:
Outsourcing involves the practice of using an external supplier or contractor to provide a service or product even when the buyer (company) has the capacity to do same. It is also known as contract manufacturing.
It is more cost efficient for the business and is a another of transferring risk.
Insurance is a contract between a insurance company (insurer) and the insured where the former agrees to compensate the latter, for a fee, in case the insured suffers loss as a result of a specific risk.
Insurance is another way to transfer risk
Outsourcing and insurance are ways of transferring risk.
At December 31, , Corporation has cash of million, accounts receivable of million, and long-term assets of million. The company owes accounts payable of million and has a long-term note payable of million. has common stock of million and retained earnings of million. Prepare Corporation's balance sheet at December 31, , complete with its proper heading.
Answer:
Balance Sheet December 31
Assets
Cash $1,000,000
Accounts Receivable $1,000,000
Long-term assets $1,000,000
Total Assets $3,000,000
Liabilities
Accounts Payable $1,000,000
Long-term note $1,000,000
Total Liabilities $2,000,000
Stockholder's Equity
Common Stock $1,000,000
Retained Earnings $1,000,000
Total Stockholder's Equity $2,000,000
Bonds that mature at more than one date with the result that the principal amount is repaid over a number of periods are known as:
Answer: serial bond
Explanation:
Serial bonds are bonds that mature at more than one date with the result that the principal amount is repaid over a number of periods.
A serial bond is a bond that has been structured in such a way that portions of the bonds will have to mature at regular intervals until the moment that the bonds have all matured.
Due to the fact that the bonds have to mature gradually with time for certain years, the bonds are typically used to finance projects.
Which of the following ratios would be least useful in determining a company's ability to pay its expenses and liabilities?
A) Current ratio
B) Acid-test ratio
C) Price-earnings ratio
D) Times interest earned ratio
Answer: C) Price-earnings ratio
Explanation:
The Price - earnings ratio is used to calculate the company's share price to its earnings per share. It uses the market value of the stock and thus has the least correlation to the actual inner workings of the company.
The Current and Acid test ratios can be used to calculate if the company is able to cover its current liabilities given its current assets and its most liquid current assets respectively. The Times Interest ratio shows if the company is able to pay its debt payments with the funds available.
The odd one out is therefore the Price-Earnings ratio.
The ratio that least useful in determining a company's ability to pay its expenses and liabilities is the price-earnings ratio.
The following information is to be considered:
The Price-earnings ratio is the market ratio where it determined the market value of the stock with respect to the earnings.Also it compared the market price per share from the earning per share.Therefore we can conclude that The ratio that least useful in determining a company's ability to pay its expenses and liabilities is the price-earnings ratio.
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A registered representative completes the firm's standard options worksheet for a customer to illustrate the potential profits and risks of a covered call writing strategy. At or prior to sending the worksheet to the customer, which statement is true?
Answer:
Explanation:
The customer must receive the latest Option Disclosure Document. Prior to the first use, the option worksheet must have been approved by the firm's designated Registered Option Principal
The option disclosure document (ODD) is a publication issued by the Options Clearing Corporation (OCC) that serves as an important guide for options traders. The detailed document, formally titled Characteristics & Risks of Standardized Options, is extremely necessary for beginner options traders.
Which statement is TRUE regarding a 28-year old woman who inherits he grandfather's IRA? A. She may delay distributions until she reaches age 59 1/2 B. She may roll over the amount inherited into her own IRA C. She may receive distributions over her expected life D. She must start taking distributions upon reaching age 59 1/2
Answer:
C. She may receive distributions over her expected life
Explanation:
The deal that derives that if there is one inherits so IRA could be inherited from the spouse. In this case, the fund would remain in the IRA with no tax outstanding unless the spouse continues for taking the distributions it could be started by age 70 and half.
If we skip the given away option that implies the transfer the IRA in a Beneficiary Distribution Account. Also the distributions arise when there is a depletion over the five years
Since she is 28 years old so the expected life is for another 50 + years or more so it decreases the needed yearly distribution
Therefore the option C is correct
If D 0 = $1.75, g (which is constant) = 3.6%, and P 0 = $32.00, what is the stock's expected total return for the coming year?
Answer:
Stock's expected total return for the coming year is 9.27%
Explanation:
P0 = D0(1+g) / (r-g)
$32 = 1.75 * (1 + 3.6%) / (r - 3.6%)
32 = 1.75 * (1.036) / (r - 0.036)
32 = 1.813 / (r - 0.036)
32*(r - 0.036) = 1.813
32r - 1.152 = 1.813
32r = 1.813 + 1.152
32r = 2.965
r = 2.965 / 32
r = 0.09265625
r = 9.265625%
r = 9.27%
You've been tasked with creating native advertising for your employer. Your job will most likely entail:
Answer:
Explanation:
Based on this main focus it seems that your job role in the company is Advertising Manager. That being the case your job will entail handling all of the company's advertising activities as well as guiding the staff members in order to develop creative and consistent advertising campaigns that are brand specific to the company in many different mediums. This is all done with the main goal of making as many people aware of the company and its products and hopefully drive up sales.
The CPI is based on an: Multiple Choice average of the goods and services purchased by "urban consumers." average of the goods and services purchased by "rural consumers." average of the two baskets of goods and services purchased both by "urban" and by "rural" consumers. aggregated average meant to reflect the statistical average consumption.
Answer:
average of the goods and services purchased by "urban consumers."
Explanation:
The US Bureau of Labor Statistics determines the CPI by calculating the weighted average of a basket of goods. More than 24,000 people are interviewed each year in order to elaborate this index, and the sample is taken from the US Census and includes people that live or work in urban areas around the country.
suppose that the equilibrium orice of t-shirts increases and the equilibrium quanitiy of t-shorts decreases. this is best explained by
Answer: Supply of T-shirts decreasing
Explanation:
If the supply of T-shirts decreases, the equilibrium quantity of t-shirts being supplied to the market will decrease as well. Assuming that demand stays the same, the leftward shift of the supply curve will intersect with the demand curve at a higher equilibrium price.
This is simply because as the t-shirts are in short supply, people will be willing to pay more to have them as they are not as widespread as before.