Answer:
Inventory is tracked by the organization/inventory was received during the period
Explanation:
having an increase in inventory by the end of the accounting year would only mean that new inventory was received during the relevant year. This can only be determined by the organization if there is an inventory management system in place to account for inventory: inventory level, inventory going out and inventory coming in such as inventory sales and orders. Inventory methods include:Economic order quantity, Minimum order quantity.
ABC analysis, Just-in-time inventory management., Safety stock inventory, FIFO and LIFO, Reorder point formula, Batch tracking. There also inventory softwares used by organizations I'm tracking inventory
An instrument through which a bank retains title to goods until they are paid for is called a (n):a.) bill of exchangeb.) commercial letter of creditc.) trust receiptd.) documentary draft
Answer:
c.) trust receipt
Explanation:
A trust receipt is a receipt i.e. to be considered a financial document attended by the bank and the business who has received the goods delivery and unable to pay the amount unless the inventory is sold
Here, the bank retains the goods unless it is to be paid
so this scenario represents the trust receipt and the same is to be considered
hence, the correct option is c. trust receipt
The sales strategy of getting at least one additional lead from each person interviewed is called selling deeper.a. Trueb. False
Answer:
True
Explanation:
2. Earl Broker is 25 years old, senior in college and he decides to put $150 every year in a Roth IRA through Vanguard Total
Stock Market ETF. It gives the return of 10%. Find the total sum he will receive when he will withdraw the money in his
65th birthday.
$66,38.8.86
O $68,588.48
O C$60,688.58
O $65,688
Answer: a) $66,388.86
the total sum Earl will receive when he withdraws the money in his 65th birthday is $66,388.86
Explanation:
Given that;
Annuity = $150
r = 10%
Earl is 25years now
Earl plans to withdraw the money when he is 65
which mean Period N = ( 65 - 25 ) = 40
To find the future value, we use use the express
Future value = annuity × (((1+r)^n)-1)/r)
we substitute our values
Future Value = 150 × (((1 + 10/100)^40)-1)/10/100)
= 150 × (((1.10)^40)-1) / 0.01)
150 × ((45.2592 - 1)/0.1)
150 × 442.5924
Future Value = $66,388.86
therefore the total sum Earl will receive when he withdraws the money in his 65th birthday is $66,388.86
Because of greater uncertainties, misunderstandings and transport delays, safety stocks must be larger. Group of answer choices True False
Answer:
True
Explanation:
Safety stock is a term used in business or procurement operation to define an extra quantity of commodities or products that is kept or set aside in inventory of a company to prevent or guide against any unforeseen uncertainties, misunderstandings, and transport delays, that may arise during the business operation.
Hence, in this case, the correct answer is TRUE
Suppose the direct quote for sterling in New York is $1.3110‑5. Then the direct quote for dollars in London is:
Answer:
0.7625-80
Explanation:
The computation of the direct quote for dollars in London is shown below:
Direct quote is
= 1 ÷ direct quote in new york
where,
direct quote in new york is 1.3115
Now place these values to the above formula
So, the direct quote is
= 1 ÷ 1.3115
= 0.7625-80
Hence, the direct quote for London in dollars is 0.7625-80
We simply applied the above formula
A stock just paid an annual dividend of $2.9. The dividend is expected to grow by 8% per year for the next 4 years. The growth rate of dividends will then fall steadily by 1.5% per year, from 8% in year 4 to 2% in year 8 and stay at that level forever. The required rate of return is 12%.1. What is the stock price if the dividend growth rate will stay 0.05 (5%) forever after 6 years?2. In 6 years, the P/E ratio is expected to be 25 and the payout ratio to be 80%. What is the stock price when using the P/E ratio?
Answer:
1)
Div₀ = $2.90
Div₁ = $3.132
Div₂ = $3.38256
Div₃ = $3.65316
Div₄ = $3.94542
Div₅ = $4.20187
Div₆ = $4.41196 (an then g = 5% forever)
rrr = 12%
terminal value at end of year 5 = $4.41196 / (12% - 5%) = $63.03
current stock price P₀ = $3.132/1.12 + $3.38256/1.12² + $3.65316/1.12³ + $3.94542/1.12⁴ + $4.20187/1.12⁵ + $63.03/1.12⁵ = $2.796 + $2.697 + $2.600 + $2.507 + $2.384 + $35.765 = $48.749
P₀ = $48.749
2) following question 1, if the payout ratio is 80%, then total earnings per share (EPS) = $4.41196 / 0.8 = $5.51495 per share
if P/E ratio = 25, then the price of each stock in 6 years = 25 x $5.51495 = $137.87
Monga manufactures cell phones. The conversion costs to produce cell phones for November are added evenly throughout the process in the Assembly Department. The company uses the weighted-average method. For each of the following separate assumptions, calculate the equivalent units of production for conversion costs in the ending Work-in-Process Inventory for the Assembly Department:
1. 15,000 cell phones were 75% complete
2. 20,000 cell phones were 25% complete
First, determine the formula for calculating equivalent units of production. (Abbreviation used: WIP-Work-in-Process Inventory)
Equivalent units of production
Assumption 1. 15,000 cell phones were 75% complete
The equivalent units for conversion costs is
Assumption 2. 20,000 cell phones were 25% complete
The equivalent units for conversion costs is
Answer:
Monga
Equivalent units of production for conversion costs in the ending Work-in-process Inventory for the Assembly Department:
The equivalent unit of production is the degree of completion of production. It is given by the formula: units under production x degree of completion.
Assumption 1: 15,000 cell phones were 75% complete
The equivalent units for conversion costs is 11,250 cell phones
Assumption 2. 20,000 cell phones were 25% complete
The equivalent units for conversion costs is 5,000 cell phones
Explanation:
Monga's equivalent units of production in Ending WIP Inventory shows the product of the degree completion and the units under production at the ending period. It is a way of determining how much cost has been incurred in production so that the appropriate cost can be attributed to each stage of the production process. Equivalent units calculation is, therefore, a way of assigning weights to units in the process of production.
If Ct denotes consumption, It denotes investment, and Yt is output, the resource constraint in the Solow model is: Group of answer choices
Answer: Yt = Ct + It
Explanation:
If Ct denotes consumption, It denotes investment, and Yt is output, the resource constraint in the Solow model is Yt = Ct + It.
The Solow model believes that when there is a sustained increase in the capital investment, there is a temporary rise in growth rate. It should be noted that savings equals investment and also income is the addition of consumption and savings. Therefore,
Yt = Income
Ct = Consumption
It = Investment = Savings
Therefore, Yt = Ct + It
To boost company recognition, Carlos, the president of StreetLife Entertainment, makes daily blog entries.
a. Nonterritorial offices
b. Emphasis on ethics
c. Changing communication technologies
Explanation:
c) Changing communication technologies
In this case, it can be said that the company StreetLife Entertainment uses new communication technologies to apply positive changes with regard to the company's positioning.
By using communicating also through blogs, which is a social media, Carlos increases the company's recognition through the possibility of establishing a more informal communication that generates identification and value for readers, which consequently generates engagement and increases the company's recognition .
The use of new communication technologies can establish the creation of a more integrated relationship between company and consumer, in addition to being a positive strategy to generate value, attest the company's potential to stakeholders and increase its reliability in the market.
Changing communication technologies is a main point to boost company recognition, Carlos, the president of StreetLife Entertainment, makes daily blog entries.
Changing communication technologies:It is stated that the company StreetLife Entertainment uses new communication technologies to modify positive changes with respect to the changes of the company is a very positive way.By using communicating through social platforms, Carlos increases the recognition of the company through the risk of developing a more informal communication that generates identification, and Value for readers, which consequently generates engagement and increases the company's recognition . It creates the relationship between company and its consumer, in addition of positive impact.
Therefore, To boost company recognition, Carlos, the president of Street Life Entertainment, makes daily blog entries is to Changing communication technologies. so, the option [C] is correct.
Learn more about communication technologies refer;
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Peter's Audio has a yield to maturity on its debt of 7.8 percent, a cost of equity of 12.4 percent, and a cost of preferred stock of 8 percent. The firm has 105,000 shares of common stock outstanding at a market price of $22 a share. There are 25,000 shares of preferred stock outstanding at a market price of $45 a share. The bond issue has a total face value of $1.5 million and sells at 98 percent of face value. If the tax rate is 34 percent, what is the weighted average cost of capital?
Answer:
the weighted average cost of capital is 9.22 %.
Explanation:
Weighted average cost of capital is the weighted return required by all providers of permanent sources of finance to the Company.
WACC = ke × (e/v) + kp × (p/v) + kd × (d/v)
where,
ke = cost of equity
= 12.40 %
e/v = weight of equity
= ($22 × 105,000) ÷ ($22 × 105,000 + $45 × 25,000 + $1,500,000 × 98%)
= 0.4709
kp = cost of preference stock
= 8.00 %
p /v = weight of preference stock
= ($45 × 25,000) ÷ ($22 × 105,000 + $45 × 25,000 + $1,500,000 × 98%)
= 0.2294
kd = cost of debt
= Interest × ( 1 - tax rate)
= 7.80 % × (1 - 0.34)
= 5.148%
d/v = weight of debt
= ($1,500,000 × 98%) ÷ ($22 × 105,000 + $45 × 25,000 + $1,500,000 × 98%)
= 0.2997
Therefore,
WACC = 12.40 % × 0.4709 + 8.00 % × 0.2294 + 5.148% × 0.2997
= 9.22 %
Lee Company purchased goods from Kelly with the following terms and details. Sales price, $6,000 Terms, (4/10, n/30) Date of sale, January 1 Date of payment, January 14 Shipping, FOB Destination, $115, prepaid by seller Determine if Lee, the buyer, qualifies for a cash discount, and who pays for shipping, Lee or Kelly.
Answer:
the question is not very clear about when the goods arrived at Lee Company. The discount term starts to count as soon as the goods are delivered since this is a FOB destination sale (title passes only after goods are delivered to the buyer's warehouse).
Assuming that the goods were delivered the same day as they were shipped, January 1, the discount period ends January 11. Since the payment was done on January 14, there is no cash discount.
Since this is a FOB destination sale, the freight charges are paid by the seller (Kelly).
Which one of the following statements regarding the task of staffing the organization in a manner that facilitates strategy execution is false or inaccurate?
A. The quality of an organization's people is always an essential ingredient of successful strategy execution--knowledgeable, engaged employees are a company's best source of creative ideas for the nuts-and-bolts operating improvements that lead to operating excellence
B. Without a smart, capable, results-oriented management team, the implementation-execution process ends up being hampered by missed deadlines, misdirected or wasteful efforts and/or managerial ineptness.
C. The overriding aim in building a management team should be to replace weak executives who lack strong skills in closely supervising the people who work under them
D. It is difficult for a company to competently execute its strategy and achieve operating excellence without recruiting and retaining a large band of capable, engaged, high-achieving employees
E. In turnaround and rapid-growth situations, and in instances when a company doesn't have insiders with the requisite know-how, filling key management slots from the outside is a standard organization-building approach
Answer: The overriding aim in building a management team should be to replace weak executives who lack strong skills in closely supervising the people who work under them
Explanation: The success of an organization is dependent on several factors including the presence of strategic and result oriented executive within its workforce. This is a vital and important aspect of building and organization capable of withstanding the competirmtuve nature of the market. Being strategic requires smartness, knowledge, experience, expertise and skills in other to make proactive suggestions required to execute groundbreaking projects.
Hence, based on the options provided above, the aim of strategic execution should not be focused on replacing executives who are perceived as being weak.
Which of the following will vary the length of the grace period in health insurance policies?a. The length of any elimination periodb. The length of time the insured has been insuredc. The term of the policyd. The mode of the premium payment
Answer:
The mode of the premium payment
Explanation:
A grace period is a period that occurs instantly when there is a deadline that attracts the late fee or the action that would be taken in the case when the deadline is not meet.
Here in case the health insurance policies, the mode of the premium payment would vary the length of the grace period and hence the same is to be considered
Therefore the last option is correct
The internal business perspective of the balanced scorecard answers which of the following questions?
A) How do customers see us?
B) What must we excel at?
C) How do we look to shareholders?
D) Can we continue to improve and create value?
Answer:
B) What must we excel at?
Explanation:
The internal business perspective is about improving the company's internal processes by focusing and exploiting the company's core competencies. What actions and decisions are needed in order for us to excel and increase customer satisfaction.
A) How do customers see us? ⇒ CUSTOMER PERSPECTIVE
C) How do we look to shareholders? ⇒ FINANCIAL PERSPECTIVE
D) Can we continue to improve and create value? ⇒ INNOVATION AND LEARNING PERSPECTIVE
In the United States, sole proprietorships and partnerships outnumber corporations.a. Trueb. False
Answer:
a. True
Explanation:
The sole proprietorship and partnerships outnumber corporations in United States but they net fewer sales and less income than corporations, individually and when combined.
Good Firm is highly profitable and will grow rapidly in the future. Bad Firm faces the same risks but barely makes a profit and will not grow at all. In an efficient market, _____.
Answer: B.both stocks are equally good investments
Explanation:
The options are;
A.it is better to buy shares in Bad Firm
B.both stocks are equally good investments
C.it is better to buy shares in Good Firm
D.both stock prices react equally to the same information
From the question, we are informed that Good Firm is highly profitable and will grow rapidly in the future while Bad Firm faces the same risks but barely makes a profit and will not grow at all. It should be noted that In an efficient market, both stocks are equally good investments.
Keeping your ___ and ___in mind will dictate what you say and how you say it.
Answer:
Audience and purpose.
Hopefully this helps! :)
If real gross domestic product (GDP) grew by 2 percent and the inflation rate was 2 percent, then nominal GDP grew by
Answer:
4%
Explanation:
If the real gross domestic product for the year grew by 2%
The inflation rate also grew by 2%
Then nominal GDP rate can be calculated as follows
= Real GDP + inflation rate
= 2% + 2%
= 4%
Hence the nominal gross domestic product grew by 4%
A customer's restricted margin account shows the following: LMV $30,000 DB $16,000 SMA $0 If the customer sells $2,000 of securities, how much could be withdrawn from the account
Answer: $1000
Explanation:
From the question, we are informed that a customer's restricted margin account shows the following: LMV $30,000 DB $16,000 SMA $0 If the customer sells $2,000 of securities.
Based on the above analysis, the customer can only withdraw $1000. This is because since $2000 worth of securities are sold, half of it which is $1000 will be credited to SMA which is the withdrawable amount.
A stock had returns of 16 percent, 12 percent, 19 percent, 17 percent, 18 percent, and -1 percent over the last six years.
What is the arithmetic return for the stock?
What is the geometric return for the stock?
Answer:
What is the arithmetic return for the stock?
arithmetic returns basically refer to the mean (or average) of the returns = (16% + 12% + 19% + 17% + 18% - 1%) / 6 = 81% / 6 = 13.5%What is the geometric return for the stock?
geometric returns involves multiplying the returns and then squaring them = ⁶√(1.16 x 1.12 x 1.19 x 1.17 x 1.18 x 0.99) - 1 = 1.1328 - 1 = 0.1328 = 13.28%Normally, geometric returns are lower than arithmetic returns, and they represent compounding rates.
The biggest transportation mode in terms of spending is: a. Rail b. Trucking c. Air d. Ocean e. Pipeline
Answer:
Air
Explanation:
In terms of spending, the biggest mode of transportation is air transportation. It is used to convey items that are perishable and that have relatively high value.
Which of the following items would be included on the capital expenditures budgeta. spending for adding a new product line.
b. spending for admin fees
c. spending for labor.
d. spending for utili.ties.
Answer:
A
Explanation:
Capital expenditures are a long-term investment. It is the purchase of assets with a useful life of at least one year
An investor borrows an amount at an annual effective interest rate of 5% and will repay all interest and principal in a lump sum at the end of 10 years. She uses the amount borrowed to purchase a 1000 par value 10-year bond with 8% semiannual coupons bought to yield 6% convertible semiannually. All coupon payments are reinvested at a nominal rate of 4% convertible semiannually. Calculate the net gain to the investor at the end of 10 years after the loan is repaid
Answer:
$74.14
Explanation:
first we must calculate the market price of the bond:
0.03 = {40 + [(1,000 - MV)/20]} / [(1,000 + MV)/2]
0.03 x [(1,000 + MV)/2] = 40 + [(1,000 - MV)/20]
0.03 x (500 + 0.5MV) = 40 + 50 - 0.05MV
15 + 0.015MV = 90 - 0.05MV
0.065MV = 75
MV = 75 / 0.065 = $1,153.85
so the customer borrowed $1,153.85
in 10 years, the principal + interest will = $1,153.85 x (1 + 5%)¹⁰ = $1,879.50
the customer will receive:
20 semiannual payments of $40, the future value = $40 x 22.841 (FV annuity factor, 2%, 19 periods) + $40 = $953.64
bond's face value = $1,000
total money received = $1,000 + $953.64 = $1,953.64
net gains = $1,953.64 - $1,879.50 = $74.14
Match the following regulations to their appropriate categories.a. Non-compatible materials must be segregated in storage b. It must be stacked on level and solidly supported sills c. All materials stored in tiers must be stacked, racked, blocked, interlocked or otherwise secured to prevent sliding, falling or collapse d. Keep storage areas free from accumulated materials that cause tripping, fires or explosions, or that may contribute to harboring rats and pests 1. Lumber material storage 2. Special type material storage 3. General material storage 4. Housekeeping
Answer:
a. Non-compatible materials must be segregated in storage - Special type material storage
Non-compatible materials means that materials are of a special type and not of the normal ones used and so this regulation relates to Special type material storage
b. It must be stacked on level and solidly supported sills - Lumber material storage
For lumber not to get damaged it needs to be stored in a certain way being that it should be stacked on level and solidly supported sills so this relates to Lumber storage.
c. All materials stored in tiers must be stacked, racked, blocked, interlocked or otherwise secured to prevent sliding, falling or collapse. - General material storage
This relates to general material storage as it is a standard method of storage aimed at preventing potential dangers.
d. Keep storage areas free from accumulated materials that cause tripping, fires or explosions, or that may contribute to harboring rats and pests. - Housekeeping
Housekeeping is done to keep the storage as free from calamity as possible so this regulation falls here.
A company sells cupcakes for $4.25 each. If the variable costs are $1.95, what is the contribution margin
Answer:
Contribution margin per unit = $2.3
Explanation:
The contribution margin per unit is the contribution or amount provided by the sale of each unit towards covering the fixed costs of the business. The contribution margin per unit is calculated by subtracting the unit variable costs by the sales revenue per unit.
Contribution margin per unit = Sales revenue per unit - Variable cost per unit
Contribution margin per unit = 4.25 - 1.95
Contribution margin per unit = $2.3
Chutney Channel is a small organization based in Canada that sells specialty condiments made from local ingredients to a wide array of customers around the global. Chutney Channel would be characterized as a(n) __________ organization.
Answer:
he
Explanation:
I
Chutney Channel is a small organization based in Canada that sells specialty condiments made from local ingredients to a wide array of customers around the global. Chutney Channel would be characterized as a multi-national organization or business.
What is a business?A business can be referred to as an organization or enterprising entity that engages in professional, commercial or industrial activities. There are different types of businesses like sole proprietorships, partnerships, corporations, and more.
The businesses are basically work for profit motive. Businesses can be small-scale or large-scale. Some of the biggest businesses in the world are Amazon and Walmart.
There are different types of partners in a business. The persons who owns the shares of the company is known as shareholder.
Chutney Channel is a small organization based in Canada that sells specialty condiments made from local ingredients to a wide array of customers around the global. Chutney Channel would be characterized as a multi-national organization or business.
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________ mark(s) a change of focus between phases or between the ongoing operations and execution of a branch of sequel.
Answer:
"Transitions" is the correct choice.
Explanation:
A transition meaning seems to be a concept as well as a sequence of characters that connect something else that occurred previously to what follows. The transition has become a transformation through one process or step to another. One illustration of something like a transition seems to be what occurs throughout active labor as well as the birth of an infant.Suppose Kansas Corp. purchased this equipment on July 17, 20X6, and sold it on April 19, 20X8, for $95,000. The amount of gain or loss is:
Answer:
loss on sale: ($10,000)
Explanation:
some information is missing, so I looked it up:
the equipment was purchased at $140,000
estimated useful life: 5 years
residual value: $40,000
using straight line depreciation, the depreciation expense per year = ($140,000 - $40,000) / 5 years = $20,000
total depreciation expense between purchase and sale:
mid-month July 20x6 - mid-month July 20x7 = $20,000
mid-month July 20x7 - mid-month April 20x8 = $20,000 x 9/12 = $15,000
carrying value at the moment of sale = $140,000 - $35,000 = $105,000
loss on sale = $95,000 - $105,000 = ($10,000)
Sophia Martin's goal has been to travel around the world. She has now been traveling for six months and she has decided she is a little tired of living out of a suitcase. She has decided to go home, look for a part time job, and take shorter trips to locations around the world that appeal to her. Which step in the financial planning process does this scenario most likely demonstrate?
Answer:
Identifying alternative course of action
Explanation:
In this scenario Sophia made an initial financial plan in which she would travel around the world.
As she gets tired of this line of action she can identify other activities that will better suit her. So when she decides to go home, look for a part time job, and take shorter trips to locations around the world that appeal to her. She is identifying alternative course of action.
This new action will eventually have financial implications when implemented. In this case coming home and making only short trips will save her more money. She will also get money from her job.
Canada and Mexico are the same distance from the United States, but trade is higher between the U.S. and Canada than with Mexico because
Answer:
supply and demand i think
Explanation:
its supply and demand maybe people want more things from canada or its the import taxes from importing things from mexico to over here