Answer:
Accounting.
Explanation:
In Microsoft Excel, to align currency symbols and decimal points in a column of numbers, you can apply the accounting number format.
When an individual (accountants or financial experts) wishes to display numbers as a monetary value, he or she is required to format the numbers as currency. The procedure for achieving this, is to apply an accounting number format to the required or necessary cells to be formatted.
In order to access the number formatting options, users should navigate to the Home tab which is found in the Number group on the Microsoft excel software application.
Also, worthy of mention is the fact that the accounting number format can be used to display negative numbers in parentheses and zeros as dashes.
The intrinsic value of a company’s stock, also known as its fundamental value, refers to the stock’s "true" value based on accurate risk and return data. The value perceived by stock market investors determines the market price of a stock. A stock trading at a price below its intrinsic value is considered to be undervalued. A stock trading at a price above its intrinsic value is considered to be overvalued.
The goal of the managers of a publicly owned company should be to maximize the firm's_______
An analyst with a leading investment bank tracks the stock of Mandalays Inc. According to her estimations, the value of Mandalays Inc.'s stock should be $37.32 per share, but Mandalays Inc.'s stock is trading at $45.59 per share on the New York Stock Exchange (NYSE). Considering the analyst's expectations, the stock is currently:
a. in equilibrium
b. undervalued
c. overvalued
Answer:
The goal of the managers of a publicly owned company should be to maximize the firm's INTRINSIC VALUE.
The board of directors' and upper management's main goal is to maximize the corporation's value in order to maximize stockholders' wealth.
An analyst with a leading investment bank tracks the stock of Mandalays Inc. According to her estimations, the value of Mandalays Inc.'s stock should be $37.32 per share, but Mandalays Inc.'s stock is trading at $45.59 per share on the New York Stock Exchange (NYSE). Considering the analyst's expectations, the stock is currently:
c. overvaluedIf the analyst considers that the stock's intrinsic price is $37.32 and the market price is $45.59, this means that currently the stock is overvalued.
As one builds higher, building costs ____, while warehousing equipment costs tend to ____. Group of answer choices Increase; decrease Decrease; increase Decrease; decrease Increase; increase
Answer:
The correct answer is the second option: Decrease; Increase.
Explanation:
To begin with, in the construction area the managers understand that when the company starts to build higher the building costs decrease due to the fact that is now working with bigger numbers so that means that the volumen of equipment, materials and commodities are high enough to decrease the costs due to the volumen managed, meanwhile the warehousing equipment costs tend to increase due to the same reason as before, now the company is working with bigger numbers so that means more equipment, materials and commodities to put in bigger warehouse and for more time.
U.S.-based companies should turn to the _____ for the most comprehensive source of export information.
Answer:
Department of commerce
Explanation:
U.S.-based companies should turn to the department of commerce for the most comprehensive source of export information.
The department of commerce is a section in the United States government. It creates jobs through good and favorable international trade terms, sustainable development and through access to high technology.
It provides companies with trade informations of which exports is one.
Warwick's Co., a women's clothing store, purchased $22,000 of merchandise from a supplier on account, terms FOB destination, 1/10, n/30. Warwick's returned $3,300 of the merchandise, receiving a credit memo.
a. Journalize Warwick's Co.'s entry to record the purchase.
b. Journalize Warwick's Co.'s entry to record the merchandise return.
c. Journalize Warwick's Co. entry to record the payment within the discount period of ten days.
d. Journalize Warwick's Co. entry to record the payment beyond the discount period of ten days. If an amount box does not require an entry, leave it blank.
Answer and Explanation:
The Journal entry is shown below:-
a. Inventory Dr, $21,780 $22,000 - ($22,000 × 1%)
To Accounts payable $21,780
(Being purchase is recorded)
b. Accounts payable Dr, $3,267 ($3,267 - ($3,267 × 1%))
To Inventory $3,267
(Being merchandise return is recorded)
c. Accounts payable Dr, $18,513 ($22,000 - $3,300 × 99%)
To Cash $18,513
(Being payment within the discount period of ten days is recorded)
d. Accounts Payable Dr, $18,513 ($21,780 - $3,267)
Inventory Dr, $187 ($18,700 - $18,513)
To Cash $18,700 ($22,000 - $3,300)
(to record payment beyond discount term)
Consumption expenditures $800
Investment expenditures 200
Government purchases 300
Exports 100
Imports 200
Wages 800
Refer to Table above. Consider the data above (in billions of dollars) for an economy:
Gross domestic product (in billions of dollars) for this economy equals
A) $2,200.
B) $1,600.
C) $1,400.
D) $1,200
Answer:
GDP= $1,200
Explanation:
From the question above, we are given the following values
Consumption expenditure= $800
Investment expenditures= $200
Government purchases= $300
Imports= $100
Exports= $200
Wages= $800
Therefore the Gross Domestic Product(GDP) can be calculated as follows
GDP=Consumption+investment+government spending+(export-import)
= $800+$200+$300+($100-$200)
= $800+$200+$300+(-$100)
= $800+$200+$300-$100
= $1,200
Hence the Gross Domestic Product (in billions of dollars) for this economy is $1,200
A company was formed with $60,000 cash contributed by its owners in exchange for common stock. The company borrowed $30,000 from a bank. The company purchased $10,000 of inventory and paid cash for it. The company also purchased $70,000 of equipment by paying $10,000 in cash and issuing a note for the remainder.
Use the information above to answer the following question. What is the amount of the total assets to be reported on the balance sheet?
a. $150,000.
b. $160,000.
c. $90,000.
d. $80,000.
Contemporary researchers focus on how entrepreneurs________ a. build a tolerance for uncertainty b. think and act c. develop a desire for achievement d. develop an affinity for taking risks
Answer:
b. think and act
Explanation:
Contemporary researchers are those that focus on what is happening currently or happening actively. It is a recent study of occurrences rather than looking at activities in the distant past.
As contemporary researchers focus on the present, they will focus on how enterprenures think and act daily as a way to learn current trends in the industry.
Contemporary research tends to provide information that can be used by consumers to improve their everyday activities and processes.
A company receives a 10%, 120-day note for $1,500. The total interest due on the maturity date is: (Use 360 days a year.)
Answer:
50
Explanation:
1,500x.10x120/360 = 50 i believe?
A firm is given a $1,500, 10%, 120-day note. 50 is the total amount of interest due on the maturity date.
What is maturity?Age is not a factor in maturity; rather, maturity is determined by the way you decide to behave and react to different life experiences. It is essentially a stage of mental maturity or wisdom that affects every aspect of a person's life, from behavior to interpersonal relationships.
A firm is given a $1,500, 10%, 120-day note. 50 is the total amount of interest due on the maturity date.
1,500x.10x120/360 = 50 i believe
Therefore, the total amount of interest due on the maturity date.
Learn more about the maturity here:
https://brainly.com/question/1885754
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Now we have country E, an emerging country. Country E starts off with a GDP per capita of $4,000, and is experiencing a GDP per capita growth rate of 12%, how many years GDP per capita will be double for country E?
Answer:
6 years
Explanation:
The rule of 72 would be used to determine the number of years it would take GDP per capita to double
Rule of 72 = 72 / GDP per capita growth rate
72 / 12 = 6 years
I hope my answer helps you
Given below is a numbered list of cost terms. For each of the definition statements that follow, place the number of the cost term in the blank that makes the statement a correct definition. Each cost term is used only once. Number List of Cost Terms:
1. Recurring; 2. Variable; 3. Fixed; 4. Sunk;
5. Opportunity; 6. Incremental; 7. Direct; 8. Non-recurring
a. ______costs are those that have occurred in the past and have no relevance to estimates of future costs and revenues.
b. ______costs are incurred because of the use of limited resources such that the ability to use those resources to monetary advantage in another way to foregone.
c. ______costs are those which are unaffected by changes in activity level over a feasible range of operations for the capacity available.
d. ______costs, in total, change in relation to the quantity of output or other measures of activity level.
e. ______cost refers to the additional cost that will result from increasing the output of a system by one or more units.
f. ______cost are those that are repetitive and occur when goods or services are produced on a continuing basis.
g. ______costs can be reasonably measured and allocated to a specific output or work activity.
h. _______costs are not repetitive even though the total expenditure may be cumulative over a relatively short period of time.
Answer:
The correct answers are the following:
a - 4 Sunk
b - 5 Opportunity
c - 3 Fixed
d - 2 Variable
e - 6 Incremental
f - 1 Recurring
g - 7 Direct
h - 8 Non-recurring
Explanation:
a) Sunk costs are those that have already occurred in the past and they can not be recovered again so therefore that they are not relevant at the time of taking decisions regarding the futue.
b) Opportunity costs are those that try to measure and show the sacrifice done at the time of making a decision when that sacrifice represents the best second option that the person could have done.
c) Fixed costs are those that are always the same amount and do not change with the activity level of the production of the company.
d) Variable costs are those that do change with the amount of activity level that the company has during the production process.
e) Incremental costs are those that increase the cost level of the production while the output level increases as well, so they are a concept on the margin.
f) Recurring costs are those that tend to repete continously in the production process so the company already know how much the amount of the cost is.
g) Direct costs are those that the company associates with the production process regarding the commodities and all the primary sources that are needed to produce the good and therefore that they impact directly in the production and in the cost of the final product.
h) Non-recurring costs are those that the company are not familiar with due to the fact that they do not repete often and therefore tend to happen once in a while.
1. Consider the following information about three stocks: State of Economy Probability of State of Economy Rate of Return If State Occurs Stock A Stock B Stock C Boom .25 .21 .36 .55 Normal .60 .17 .13 .09 Bust .15 .00 −.28 −.45 a. If your portfolio is invested 40 percent each in A and B and 20 percent in C, what is the portfolio expected return? The variance? The standard deviation? b. If the expected T-bill rate is 3.80 percent, what is the expected risk premium on the portfolio? c. If the expected inflation rate is 3.50 percent, what are the approximate and exact expected real returns on the portfolio? What are the approximate and exact expected real risk premiums on the portfolio?
Answer and Explanation:
The computation is shown below:
a. For expected return
As we know that
Expected return = Probability × Rate of return
The same formula applies for all of the given stock
For Boom it is
= 0.4(0.21) + 0.4(0.36) + 0.2(0.55)
= 0.33
For Normal it is
= 0.4(0.17) + 0.4(0.13) + 0.2(0.09)
= 0.13
For Bust
= 0.4(0.00) + 0.4(-0.28) + 0.2(-0.45)
= - 0.20
So, the expected rate of return is
= 0.25(0.33) + 0.60(0.13) + 0.15(-0.20)
= 0.1305
Now the variance is
= 0.25 × (0.33 - 0.1305)^2 + 0.60 × (0.13 - 0.1305)^2+ 0.15 × (-0.20 – 0.1305)^2
= 0.053
Now the standard deviation is
= [0.053]^1/2
= 0.23
b. Risk premium is
= E(Rp) – Rf
= 0.1305 - 0.038
= 0.0925
c. Expected real return is
= 0.1305 - 0.035
= 0.0955
The Expected real risk premium is
= risk premium - inflation rate
= 0.0955 - 0.035
= 0.0605
We simply applied the above formulas
The company XOXO is specialized in producing treadmills. The company allocates manufacturing overhead based on direct labor hours. XOXO estimated a total of $4,600 of manufacturing overhead that can be dispatched on all jobs. Moreover, the total direct labor hours that has been recorder during the period raises up to 460 hours. Job 12 consists of 30 sets of treadmills. The company’s records show that the following direct costs were requisitioned for Job 12: • Electronic parts: 40 units at $20 per unit • Plastic: 10 kilograms at $10 per kilogram • Labor hours: 60 hours at $25 per hour Requirement: 1. Calculate the predetermined manufacturing overhead (MOH) rate.
Answer:
Predetermined manufacturing overhead rate= $10 per direct labor hour
Explanation:
Giving the following information:
The company allocates manufacturing overhead based on direct labor hours.
Estimated a total overhead= $4,600
Direct labor hours= 460
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
Predetermined manufacturing overhead rate= 4,600/460= $10 per direct labor hour
In a supermarket, a vendor's restocking the shelves every Monday morning is an example of:________
a. safety stock replenishment
b. economic order quantities
c. reorder points
d. fixed order interval
e. blanket ordering
Answer:
it may be fixed order interval because the vendor is restocking every monday only.
Roquan, a single taxpayer, is an attorney and practices as a sole proprietor. This year, Roquan had net profit from self-employment of $97,455 from his law practice. The deductible portion of his self-employment taxes is $7,455. His taxable income before the deduction for qualified business income is $100,000. (Leave no answer blank. Enter zero if applicable.)Required:a) Calculate Roquan’s deduction for qualified business income.b) Assume the same facts provided above, except Roquan’s taxable income before the deduction for qualified business income is $300,000.
Answer:
Explanation:
Given that :
Roquan is a single taxpayer and an attorney;
Roquan had net profit from self-employment of $97,455
The deductible portion of his self-employment taxes is $7,455
His taxable income before the deduction for qualified business income is $100,000.
SInce ; he is a single taxpayer and an attorney; Roquan is eligible for The standard 20% Qualified Business Income and given that his taxable income is lesser than a threshold of $157000; W-2 limitations do not apply to Roquan.
So in the case of Roquan.
Roquan deduction for qualifies business income will be lesser 20% of the Qualified Business Income.
Roquan deduction for qualifies business income = 20% × $97,455
Roquan deduction for qualifies business income = 0.20 × $97,455
Roquan deduction for qualifies business income = $19, 491
b.
Roquan taxable income is $300,000.
Given that the income is greater than Standard threshold of $207,500 for a single taxpayer and is from "Specified service businesses" as an attorney and practices as a sole proprietor , he is not eligible for the 20% deduction.
So;
Roquan deduction for qualifies business income = $0
Physical Units Work in process, beginning 0 Completed and transferred out 89000 Work in process, ending 6000 Materials are added at the beginning of the process. What is the total number of equivalent units for materials during the period?
Answer:
Total equivalent units= 95,000 units
Explanation:
Giving the following information:
Work in process, beginning 0
Completed and transferred out 89,000
Work in process, ending 6,000
Materials are added at the beginning of the process.
Because the materials are added at the beginning of the process, the equivalent units are the same as units started and completed.
Total equivalent units= 89,000 + 6,000= 95,000 units
On January 1 of year 1, Arthur and Aretha Franklin purchased a home for $1.5 million by paying $200,000 down and borrowing the remaining $1.3 million with a 7 percent loan secured by the home.
a. What is the amount of the interest expense the Franklins may deduct in year 1?
b. Assume that in year 2, the Franklins pay off the entire loan but at the beginning of year 3, they borrow $300,000 secured by the home at a 7 percent rate. They make interest-only payments on the loan during the year. What amount of
interest expense may the Franklins deduct in year 3 on this loan (the Franklins do not use the loan proceeds to improve the home)?
c. Assume the same facts as in (b), except that the Franklins borrow $80,000 secured by their home. What amount of interest expense may the Franklins deduct in year 3 on this loan (the Franklins do not use the loan proceeds to improve the home)?
Answer:
a. What is the amount of the interest expense the Franklins may deduct in year 1?
this will depend on the total interest paid during the year, since we are not told how long their mortgage is, we cannot know exactly how much interest expense they will pay. Generally mortgages require monthly payments, so I prepared a simulated amortization schedule for the first year assuming that the mortgage lasts 30 years and a monthly payment of $8,648.93.
year beg. scheduled principal interest ending
balance payment balance
1 1300000 8649 1066 7583 1298934
2 1298934 8649 1072 7577 1297863
3 1297863 8649 1078 7571 1296785
4 1296785 8649 1084 7565 1295700
5 1295700 8649 1091 7558 1294609
6 1294609 8649 1097 7552 1293512
7 1293512 8649 1103 7545 1292409
8 1292409 8649 1110 7539 1291299
9 1291299 8649 1116 7533 1290183
10 1290183 8649 1123 7526 1289060
11 1289060 8649 1129 7520 1287931
12 1287931 8649 1136 7513 1286795
total interest $90,582
The total interest that can be deducted in this case would be $90,582 during year 1.b. Assume that in year 2, the Franklins pay off the entire loan but at the beginning of year 3, they borrow $300,000 secured by the home at a 7 percent rate. They make interest-only payments on the loan during the year. What amount of interest expense may the Franklins deduct in year 3 on this loan (the Franklins do not use the loan proceeds to improve the home)?
$0, interests from home equity loans used for personal expenses are not deductible.c. Assume the same facts as in (b), except that the Franklins borrow $80,000 secured by their home. What amount of interest expense may the Franklins deduct in year 3 on this loan (the Franklins do not use the loan proceeds to improve the home)?
$0, interests from home equity loans used for personal expenses are not deductible.Explanation:
Suppose that many people who earn a living coding software decide they can make more money selling t-shirts and switch occupations. How will this change affect the amount of software supplied by producers
Answer:
the amount of software supplied by producers would reduce
Explanation:
as a result of the change in occupation, there would be less coders available. because of the reduced amount of coders, the amount of software supplied would fall
The Department of Housing and Urban Development (HUD) would like to test the hypothesis that the average size of a newly constructed house in 2010 is different from the average size of a newly constructed house in 2000. The following data summarizes the sample statistics for house sizes, in square feet, for both years. Assume that the population variances are equal.
2000 2010
Sample mean 2,180 2,390
Sample size 15 12
Sample standard deviation 300 320
If Population 1 is defined as homes built in 2000 and Population 2 is defined as homes built in 2010, which one of the following statements is true?
A. Because the
95
%
confidence interval includes zero, HUD cannot conclude that the average size of a newly constructed house in 2010 is different from the average size of a newly constructed house in 2000.
B. Because the
95
%
confidence interval does not include zero, HUD can conclude that the average size of a newly constructed house in 2010 is different from the average size of a newly constructed house in 2000.
C. Because the
95
%
confidence interval includes zero, HUD can conclude that the average size of a newly constructed house in 2010 is equal to the average size of a newly constructed house in 2000.
D. Because the
95
%
confidence interval does not include zero, HUD can conclude that the average size of a newly constructed house in 2010 is not different from the average size of a newly constructed house in 2000.
Answer:
B. Because the
95
%
confidence interval does not include zero, HUD can conclude that the average size of a newly constructed house in 2010 is different from the average size of a newly constructed house in 2000.
Explanation:
Here,
Null and alternative hypotheses are:
H0: u1 = u2
H1: u1 ≠ u2
Calculate test statistics:
[tex] t = \frac{x'1 - x'2}{\sqrt{\frac{(n_1 - 1) (\sigma_1)^2 + (n_2 - 1)(\sigma_2)^2}{n_1 + n_2 - 2} * (\frac{1}{n_1} + \frac{1}{n_2})}} [/tex]
[tex] = \frac{2180 - 2390}{\sqrt{\frac{(14)(300)^2 + (11)(320)^2)}{15 +12 - 2} * (\frac{1}{15} + \frac{1}{12})}} [/tex]
[tex] = \frac{-210}{\sqrt{\frac{(1260000) + (1126400)}{25} * (0.15)}} [/tex]
[tex] t = -1.7549 [/tex]
At 95% confidence interval, find t observed:
Significance level = 100% - 95% = 5% = 0.05
Degrees of freedom = 15 + 12 - 2 = 25
[tex] t_o = t_\alpha_/_2_, _d_f = t_0_._0_5_/_2_, _2_5 = t_0_._0_2_5, _2_5 = 2.06 [/tex]
T calculated = -1.76
T observed(critical) = -2.06
Since t calculated is bigger than t critical, reject null hypothesis H0.
Because the
95
%
confidence interval does not include zero, HUD can conclude that the average size of a newly constructed house in 2010 is different from the average size of a newly constructed house in 2000.
Patton Company purchased $1,500,000 of 10% bonds of Scott Company on January 1, 2021, paying $1,410,375. The bonds mature January 1, 2031; interest is payable each July 1 and January 1. The discount of $89,625 provides an effective yield of 11%. Patton Company uses the effective-interest method and plans to hold these bonds to maturity.*USE T ACCOUNTS
On July 1, 2018, Patton Company should increase its Debt Investments account for the Scott Company bonds by?
For the year ended December 31, 2018, Patton Company should report interest revenue from the Scott Company bonds of?
Answer:
On July 1, 2018, Patton Company should increase its Debt Investments account for the Scott Company bonds by?
I will assume that the bonds were purchased on January 2018 and not January 2021.
The journal entry to record the purchase of the bonds was:
January 1, 2018, investment on bonds
Dr Debt Investment 1,500,000
Cr Cash 1,410,375
Cr Discount on Debt Investment 89,625
the journal entry to record the interests received on July 1, 2018 would be:
Dr Cash 75,000
Dr Discount on Debt Investment 2,570.63
Cr Interest revenue 77,570.63
Discount on Debt Investment = ($1,410,375 x 5.5%) - ($1,500,000 x 5%) = $77,570.63 - $75,000 = $2,570.63
Patton company should increase its Debt investment by $2,570.63 (amortized discount).
For the year ended December 31, 2018, Patton Company should report interest revenue from the Scott Company bonds of?
The journal entry to record accrued interests:
Dr Interest receivable 75,000
Dr Discount on Debt Investment 2,712
Cr Interest revenue 77,712
Discount on Debt Investment = ($1,412,945.63 x 5.5%) - ($1,500,000 x 5%) = $77,712 - $75,000 = $2,712
Total interest revenue for 2018 = $77,570.63 + $77,712 = $155,282.63
On December 31 of the current year, Sam Company was merged into Paul Company. In carrying out the business combination, Paul Company issued 60,000 shares of its $10 par value common stock, with a fair value of $15 per share, for all of Sam Company's outstanding common stock. The stockholders' equity section of the two companies immediately before the business combination was:
Complete Question:
On December 31 of the current year, Sam Company was merged into Paul Company. In carrying out the business combination, Paul Company issued 60,000 shares of its $10 par value common stock, with a fair value of $15 per share, for all of Sam Company's outstanding common stock. The stockholders' equity section of the two companies immediately before the business combination was:
Paul Sam
Common Stock $500,000 $400,000
Additional Paid-in Capital 200,000 100,000
Retained Earnings 300,000 200,000
Assume that the transaction is accounted for using the acquisition method. In the consolidated balance sheet at the end of the next year, the Additional Paid-In Capital account should be reported at
A) $400,000.
B) $300,000.
C) $500,000.
D) $200,000.
Answer:
Option C. $500,000
Explanation:
The reason is that the new additional Paid In Capital will be calculated by taking the stock issuing company's Addition Paid-In Capital and the additional paid in capital arising from stock issue, which means that:
Addition Paid-In Capital after merger = Addition Paid-In Capital of Paul Company + Addition Paid-In Capital arising from shares issues
Here
Addition Paid-In Capital of Paul Company = $200,000
Addition Paid-In Capital arising from shares issues = 60,000 shares * ($15 per share - $10 per share) = $300,000
By putting above values in the equation, we have:
Addition Paid-In Capital after merger = $200,000 + $300,000
Addition Paid-In Capital after merger = $500,000
clarissa wants to fund a growing perpetuity that will pay $5000 per year to a local museum, starting next year. She wants the annual amount paid to the museum to grow by 5% per year. Given that the interest rate is 8%, how much does she need to fun this perpetuity
Answer:
$166,666.67
Explanation:
Clarissa wants to take charge of finding a growing perpetuity that will pay a total amount of $5,000 per year to a local museum
She wants the annual amount paid to the museum to grow by 5% per year
= 5/100
= 0.05
The interest rate is 8%
= 8/100
= 0.08
Therefore, the amount used to fund the perpetuity can be calculated as follows
Pvo= $5,000/(0.08-0.05)
= $5,000/0.03
= $166,666.67
Hence Clarissa needs $166,666.67 to fund the perpetuity.
explain the link between scarcity and opportunity cost.
Answer:
Resources are limited in supply(scarcity) while wants are unlimited thus one has to make a choice to satisfy a need.Some choices are forgone(opportunity cost)
Consider the following hypothetical data for an open economy (in millions):
Assets owned inside the U.S. by U.S. citizens = $140, 000140,000
Assets owned outside the U.S. by U.S. citizens = $23,35723,357
Assets owned outside the U.S. by foreign citizens = $110,000110,000
Assets owned inside the U.S. by foreign citizens = $22,78622,786
The value of the International Investment Position (IIP) of the U.S. is__________ $ nothing million.
Answer: $571 million
Explanation:
International Investment Position (IIP) is an Economic measure that is calculated to see the assets owned by the citizens of a country outside the country versus the assets owned by foreigners in the country in question. It is informally referred to as a nation's Balance Sheet with other countries.
It is calculated by;
Value of the International Investment Position of the US = Assets owned outside the US by the US citizens - Assets owned inside the US for the foreign citizens
= 23,357 - 22,786
= $571 million
does the social responsibility and social efficiency of a company weigh into your decision when buying a product
Answer:
yes very much so
Explanation:
I would not want to associate my self with or support any company that doesn't have any concern for the environment in which operates in. Even if it's social efficiency is high.
O'Brian's Department Stores allocates the costs of the Personnel and Payroll departments to three retail sales departments, Housewares, Clothing, and Furniture. In addition to providing services to the operating departments, Personnel and Payroll provide services to each other. O'Brian's allocates Personnel Department costs on the basis of the number of employees and Payroll Department costs on the basis of gross payroll. Cost and allocation information for June is as follows:
Personnel Payroll Housewares Clothing Furniture
Direct department cost $ 7,800 $ 3,200 $ 12,200 $ 20,000 $ 16,750
Number of employees 5 4 8 16 4
Gross payroll $ 6,000 $ 3,300 $ 10,600 $ 17,400 $ 8,100
(a) Determine the percentage of total Personnel Department services that was provided to the Payroll Department. (Round your answer to one decimal place.)
(b) Determine the percentage of total Payroll Department services that was provided to the Personnel Department. (Round your answer one decimal place.)
(c) Prepare a schedule showing Personnel Department and Payroll Department cost allocations to the operating departments, assuming O'Brian's uses the step method.
Do not round until your final answers. Round answers to the nearest dollar.
Service Departments Producing Departments
Payroll Personnel Housewares Clothing Furniture
Total costs
Answer:
a. Department No of employee
Payroll 4
Housewares 8
Clothing 16
Furniture 4
Total 32
Personnel department cost allocated to payroll department
= (Direct department cost of personnel * No of payroll employees) / Total no of employees
= $7,800 * 4/32
=$975
Percentage of total personnel department services that was provided to the payroll Department is
= Cost allocated to payroll department/ Personnel direct cost
= $975/$7,800
=0.125
=12.5%
b. Department Gross payroll $
Personnel 6,000
Housewares 10,600
Clothing 17,400
Furniture 8,100
Total 42,000
Payroll department cost allocated to personnel department
= (Direct department cost of payroll * Gross payroll of personnel department) / Total gross payroll
= $3,200 * $6,000 / $42,100
=$456
Percentage of total payroll department services that was provided to the Personnel Department is
= Cost allocated to personnel department / Payroll direct cost
=$456 / $3,200
= 0.143
=14.3%
c. Allocation of personnel department cost is on basis of no of employee
Department No of Employee Proportion Percentage
Payroll 4 4/32 12.50%
Housewares 8 8/32 25%
Clothing 16 16/32 50%
Furniture 4 4/32 12.50%
Total 32
Allocation of personnel department cost is on basis of Gross payroll
Department Gross payroll Proportion Percentage
Housewares $10,600 10,600/36,100 29.36%
Clothing $17,400 17,400/36,100 48.20%
Furniture $8,100 8,100/36,100 22.44%
Total $36,100
Schedule showing Personnel Department and Payroll Department cost allocations to the operating departments
Service Dept. Producing Dept.
Personnel Payroll Housewares Clothing Furniture
Direct dept $7,800 $3,200 $12,700 $20,000 $16,750
cost
Allocation ($7,800) $975 $1,950 $3,900 $975
of personnel
cost
Allocation - ($4,175) $1,226 $2,012 $937
of Payroll
cost
Total $0 $0 $15,376 $25,912 $18,662
Which of the following actions would be likely to encourage a firm's managers to make decisions that are in the best interests of shareholders?A. The percentage of the firm's stock that is held by investors such as mutual funds, pension funds and hedge funds rather than by small individual investors rises from 10% to 60%. B. The percentage of executive compensation that in the form of cash is increased and the percentage coming from long-term stock options is reduced. C. The firm's founder, who is also president and chairman of the board, sells 90% of her shares. D. The state passes a law that makes it more difficult to successfully complete a hostile takeover.E. The firm's board of directors gives the firm's managers greater freedom to take whatever actions they think without obtaining board approval.
Answer:
A. The percentage of the firm's stock that is held by investors such as mutual funds, pension funds and hedge funds rather than by small individual investors rises from 10% to 60%.
Explanation:
As we know that the shareholders are the person who buys the stock of the company we can treat as an owner of their shares
For the interest of shareholders, the actions that should be taken is that the firm stock percentage i.e held by investors like mutual funds instead of small investors increased by 10% to 60% as it created the values and build a confidence
Hence, the correct option is A
Joe was moving from California to Michigan to attend college. Joe answered an advertisement on the web and signed a lease for an apartment without ever seeing the apartment. Joe found the premises filled with an abundance of debris, rats and insects. Also, the plumbing in the apartment was inoperable. These conditions:________
Answer:
Most likely constitute a breach of the implied warranty of habitability.
Explanation:
A warranty of habitability specifies that a property for rent is up to standard, that is it meets basic living and safety standards. This warranty is only implied for leases and rentals of residential properties. Since Joe found the premises filled with an abundance of debris, rats and insects and the plumbing in the apartment inoperable, then this property is not up to standard and therefore constitute a breach of the implied warranty of habitability
Suppose you are a manager at an advertising agency who is eager to utilize Covey’s advice about delegation. Today, you need to work on a presentation for a potential new client. This requires delegating a routine status report about an ongoing advertising campaign to Patricia. You ask Patricia to complete the status report, making her haveresponsibility for its completion. Which of the following are true after you delegate the status report to Patricia? Check all that apply. You should guide Patricia through each step of the assignment to serve as a mentor. Patricia must have authority over the resources and personnel needed to complete the status report. You should help Patricia with the status report, to the extent you have time. Patricia will be held accountable for the results of the assignment. The advertising agency recently reorganized. Patricia now reports to both the regional sales manager and a senior product manager which means there unity of command. Unity of command in matrix organizations. Lower-level employees have the authority to act without first seeking approval for activities in a company. Continue without saving
Answer and Explanation:
In the first situation, the accounting and responsibility is chosen as of the superior assigned the work to the subordinate so there would be accounting and responsibility that the given work should be completed within the prescribed time and under the full responsibility
In the second situation, there is a unity of command but it does not exist in the matrix organization. Here unity of command is reporting to one boss.
In the third situation, decentralization is there as there are the authority to take independent decisions by middle level and lower level employees
The following statements that are true after you delegate the status report to Patricia are:
A. You should guide Patricia through each step of the assignment to serve as a mentor.B. Patricia must have authority over the resources and personnel needed to complete the status report. D. Patricia will be held accountable for the results of the assignment.According to Stephen Covey’s advice about delegation, he stated that when duties or responsibilities are delegated to a person that does not have the capacity to properly handle them, then the output may be disastrous.
Furthermore, Covey also said that when delegating to someone, it is important to give them space to work and not to interfere too much and hold them accountable to the results.
As a result of this, we can see that Patricia is in charge of the routine status report as a part of the ongoing advertisement campaign and she should have not only full authority, but also be held accountable for the outcome of the assignment.
Therefore, the correct answers are options A, B and D
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Each of the following scenarios is independent. Assume that all cash flows are after-tax cash flows. Cuenca Company is considering the purchase of new equipment that will speed up the process for producing flash drives. The equipment will cost $7,200,000 and have a life of 5 years with no expected salvage value. The expected cash flows associated with the project follow: Year Cash Revenues Cash Expenses 1 $8,000,000 $6,000,000 2 8,000,000 6,000,000 3 8,000,000 6,000,000 4 8,000,000 6,000,000 5 8,000,000 6,000,000 Kathy Shorts is evaluating an investment in an information system that will save $240,000 per year. She estimates that the system will last 10 years. The system will cost $1,248,000. Her company's cost of capital is 10%. Elmo Enterprises just announced that a new plant would be built in Helper, Utah. Elmo told its stockholders that the plant has an expected life of 15 years and an expected IRR equal to 25%. The cost of building the plant is expected to be $2,880,000. Required: 1. Calculate the IRR for Cuenca Company. The company's cost of capital is 16%. Round your answer to the nearest percent
Answer:
1. Calculate the IRR for Cuenca Company. The company's cost of capital is 16%.
12%Explanation:
Cuenca Company
Equipment cost $7,200,000
useful life 5 years, no salvage value
Year Cash Cash Net cash flows
revenues expenses
0 $7,200,000 -$7,200,000
1 $8,000,000 $6,000,000 $2,000,000
2 $8,000,000 $6,000,000 $2,000,000
3 $8,000,000 $6,000,000 $2,000,000
4 $8,000,000 $6,000,000 $2,000,000
5 $8,000,000 $6,000,000 $2,000,000
using a financial calculator, the internal rate of return (IRR) = 12.05% = 12%
The IRR for Cuenca Company is 12%.
The internal rate of return is a capital budgeting method that is used to determine the profitability of a project. Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested.
Cash flows of the project
Cash flow in year 0 = $-7,200,000Cash flow in year 1 = $8,000,000 - $6,000,000 = $2 million Cash flow in year 2 = $8,000,000 - $6,000,000 = $2 million Cash flow in year 3 = $8,000,000 - $6,000,000 = $2 million Cash flow in year 4 = $8,000,000 - $6,000,000 = $2 million Cash flow in year 5 = $8,000,000 - $6,000,000 = $2 millionThe IRR can be determined using a financial calculator, the IRR is 12%.
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Rao Construction recently reported $30.00 million of sales, $12.60 million of operating costs other than depreciation, and $3.00 million of depreciation. It had $8.50 million of bonds outstanding that carry a 7.0% interest rate, and its federal-plus-state income tax rate was 25%. What was Rao's operating income, or EBIT, in millions.
Answer:
$14.4 million.
Explanation:
Since sales = $30.00 million
Operating costs excluding depreciation = $12.6 million
Depreciation = $3.0 million
Therefore; Operating income (EBIT) = Net earnings - Operating costs - Depreciation
= $30.00 - $12.6 - $3.0
= $14.4 million.