Marin Company produces two software products (Cloud-X and Cloud-Y) in two separate departments (A and B). These products are highly regarded network maintenance programs. Cloud-X is used for small networks and Cloud-Y is used for large networks. Marin is known for the quality of its products and its ability to meet dates promised for software upgrades. Department A produces Cloud-X, and department B produces Cloud-Y. The production departments are supported by two support departments, systems design and programming services. The sources and uses of the support department time are summarized as follows:_______.
To Total
Department Department Labor
From Design Programming A B Hours
Design - 5,000 1,000 9,000 15,000
Programming 400 - 600 1,000 2,000
The costs in the two service departments are as follows:_______.
Design Programming
Labor and materials (all variable) $ 50,000 $ 36,000
Depreciation and other fixed costs 40,000 4,000
Total $ 90,000 $ 40,000
Required:1. Determine the total support costs allocated to each of the producing departments using (a) the direct method, (b) the step method (design department goes first), and (c) the reciprocal method? (Do not round intermediate calculations. Round your final answer to nearest whole dollar amount.)2. The company is considering outsourcing programming services to DDB Services Inc. for $52.00 per hour. Should Marin do this?Note: there's 2 requirements , please make sure you do both with explaination :)
Answers
Answer and Explanation:
Related Questions
Which Airlines lounges are the best ?
Answers
Reason:
Air France’s first class is the whole package. Not only does Air France offer one of the world’s best first class inflight products, but the carrier’s ground experience in Paris is equally impressive.
If you’re connecting in Paris, you’ll be picked up at your plane and driven to the first class lounge, and then later on will be driven from the first class lounge to your connecting flight.
There’s so much to love about the Air France first class lounge, though my favorite thing is probably the restaurant, which has an Alain Ducasse menu. In my experience it’s the best food offered in any airline lounge in the world. It’s not just that the food quality is excellent, but the service and presentation are equally good.
Hopefully this helps!
Answer:
Air France La Première Lounge, Paris is the first best Airline lounge in the World.
Explanation:
The Air France La Première Lounge gives its customer one of the fashionable flying experiences in the world, as it includes freshening up the cozy cocktail bar to be brighter and more inviting, adding semi-private relaxation areas and installing new pieces of art.
In addition to having one of the best first class inflight experiences available, Air France also provides an outstanding ground experience in Paris. Best food is also offered at the restaurant there.
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A firm is deciding between two different sewing machines. Technology A has fixed costs of $500 and marginal costs of $50 whereas Technology B has fixed costs of $250 and marginal costs of $100. If the price is $60 per unit, what is the break even amount of units for technology A?A. 50 B. 100 C. 150D. None-They would have to shut down
Answers
Answer:
A. 50 units
Explanation:
Break even point (units) = Fixed cost / (Selling price - Variable cost)
= $ 500 / ($ 60 - $ 50)
= $ 500/$10
= 50 units
The break-even point is derived by dividing the fixed costs of production by the price per unit - the variable costs of production. Break-even point is the level of production at which the costs of production equal the Income for the particular product
A plant asset cost ₤320,000 and is estimated to have a ₤40,000 residual value at the end of its 8-year useful life. The annual depreciation expense recorded for the third year using the double-declining-balance method would be？
Answers
Depreciation is the process of allocating the price of a plant asset to expense in the accounting periods benefiting from its use.
How is the whole depreciation of a plant asset calculated?Determine the value of the asset. Subtract the estimated salvage price of the asset from the cost of the asset to get the whole depreciable amount. Determine the beneficial lifestyles of the asset. Divide the sum of step (2) by using the wide variety arrived at in step (3) to get the annual depreciation amount.
Depreciation is the technique of allocating to expense the cost of a plant asset over its beneficial (service) existence in a rational and systematic manner. Such cost allocation is designed to desirable in shape prices with revenues.
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https://brainly.com/question/28108679#SPJ1Crane Company manufactures a product with a unit variable cost of $100 and a unit sales price of $176. Fixed manufacturing costs were $480000 when 10000 units were produced and sold. The company has a one-time opportunity to sell an additional 1000 units at $115 each in a foreign market which would not affect its present sales.
If the company has sufficient capacity to produce the additional units, acceptance of the special order would affect net income as follows:
a. Income would decrease by $8,000.
b. Income would increase by $8,000.
c. Income would increase by $140,000.
d. Income would increase by $40,000.
e. None of the above.
Answers
Answer: e. None of the above
Explanation:
Fixed costs are already incurred so will no longer be a factor as the same facilities are to be used. .
Variable costs on the other hand will always be there as the company aims to produce more and more goods.
The increase in net income will therefore be;
= Sales revenue - Variable costs
= ( 1,000 * 115) - ( 1,000 * 100)
= $15,000
Income will increase by $15,000
Teamwork Skills
And what you can learn from it
In in skill In
life
Answers
Communication.
Time management.
Problem-solving.
Listening.
Critical thinking.
Collaboration.
Leadership.
And you can learn how to respectfully and confidently express their ideas and opinions effectively in a group setting.
Macaulay Culkin , a minor, buys a new dirtbike from his local neighborhood bike shop . He uses the bike for several weeks and crashes it, which leaves it in deplorable condition. He then takes the bike back to the neighborhood bike store. The bike store is located in a state in which a duty of restitution is imposed. Macaulay Culkin
must return the bicycle and pay for the damage.
can return the bicycle "as is" and avoid further liability.
is not required to return the bicycle due to his minority.
cannot return the bicycle unless it can be fully restored.
Answers
The bike store is located in a state in which a duty of restitution is imposed. Macaulay Culkin must return the bicycle and pay for the damage.
The regulation of restitution is the law of profits-primarily based recuperation, in which a courtroom orders the defendant to give up their profits to the claimant. It must be contrasted with the regulation of compensation, the law of loss-based recovery, wherein a court docket orders the defendant to pay the claimant for his or her loss.
Examples of restitution may consist of a shoplifter who is ordered to repay a shop proprietor for the cost of a stolen item, or an assailant who ought to pay for their victim's scientific fees after a violent attack.
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Fanning Boards produces two kinds of skateboards. Selected unit data for the two boards for the last quarter follow:
Basco Boards Shimano Boards
Production costs
Direct materials $ 24.50 $ 37.00
Direct labor $ 30.50 $ 52.00
Allocated overhead $ 15.25 $ 19.00
Total units produced and sold 4,500 8,500
Total sales revenue $ 389,250 $ 1,062,500
Fanning allocates production overhead using activity-based costing. It allocates delivery expenses and sales commissions, which amount to $56,500 per quarter, to the two products equally.
Required
Compute the per-unit cost for each product.
Note: Do not round intermediate calculations round your answers to 2 decimal places.
Compute the profit for each product.
Answers
1) The per-unit cost for each product for Fanning Boards is as follows:
Basco Boards Shimano Boards
Per unit cost $76.53 $111.32
2) The profit for each product for Fanning Boards is as follows:
Basco Boards Shimano Boards
Profit per product $44,875 $116,250
What is the profit?The profit is the difference between the total sales revenue and the total cost for each product category.
What is the per-unit cost?The per unit cost is the quotient of the total costs divided by the total production and sales units for each product category.
Production costsBasco Boards Shimano Boards
Direct materials $ 24.50 $ 37.00
Direct labor $ 30.50 $ 52.00
Allocated overhead $ 15.25 $ 19.00
Total production costs per unit $70.25 $108.00
Total units produced and sold 4,500 8,500
Total delivery expenses and sales commission = $56,500
Total production costs per unit $70.25 $108.00
Total delivery costs per unit $6.28 $3.32
Total cost per unit $76.53 $111.32
Total sales revenue $ 389,250 $ 1,062,500
Total production costs $316,125 $918,000
Fixed costs: Delivery &
Sales Commission 28,250 28,250
Total costs $344,375 $946,250
Profit per product $44,875 $116,250
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Ann has 3/4 as many stickers as Brenda. Brenda has 2/5
as many stickers as Corrine
a) Find the ratio of the number of stickers Ann has to the number of stickers Corrine has
b) What fraction of the number of stickers Ann has is the number of stickers
Cornine has?
Answers
Answer:
A) 3:10
B) 3/10
Explanation:
A) Let the number of stickers that Corrine has be x.
We are told that Brenda has 2/5
as many stickers as Corrine.
Thus;
Brenda has (2/5)x stickers
Also, we are told that Ann has 3/4 as many stickers as Brenda.
Thus;
Ann has: ¾ × (2/5)x stickers = 3x/10 stickers
Thus;
ratio of the number of stickers Ann has to the number of stickers Corrine has = (3x/10) : x. This gives; 3:10
B) fraction of stickers Anne has to the number that Corrine has is 3/10
The manager of a Burger King
restaurant is an example of a(n)
manager.
Answers
Answer:
knows that he is a multinational company runner or manager
Rupert is planning to invest $400.00 per month. His goal is to have $1,200,000. He will earn 11.0% on his investments. How many months will it take to reach his goal?
Answers
Answer:
Explanation:
Let's assume that the 11% is a monthly nominal rate
Let's also assume that the payments are made at the end of the month
the effective monthly rate= .11/12 = .00916667
\(12000000=400\frac{(1+.00916667)^n-1}{.00916667}\\n=367.116487\)
2. Adama Garment which is operating in Adama currently has opened four new stores in Ethiopia. Data on monthly sales volume and labor hours are given below for each town. Which store location has the highest labor productivity?
Store
Bale-robe
Hawassa
Nekemt
Dahirdar
Sales volume
12000birr
60000birr
40000birr
25000birr
Labor hours
60
500
250
200
3. Adama Garment accountant (from Problem 2) suggests that monthly rent and hourly wage rate also be factored into the productivity calculations.
Hawassa pays the highest average wage at birr 6.75 an hour. Bale-Robe pays birr
6.50 an hour, Nekemte birr 6, and Bahirdar birr 5.50. The cost to rent store space
is birr 2000 a month in Hawassa, birr 800 a month in Nekemte, birr 1200 a month
in Bale-Robe, and birr 1500 a month in Bahirdar.
Which store is most productive?
Adama garment general manager is not sure it can keep all four stores open. Based on multifactor productivity, which store would you close? What other factors should be considered?
Answers
Adama Garment's Bale-robe store has the highest labor productivity. It generates 200 birr per labor hour, followed by Hawassa (40 birr/hour), Nekemt (16 birr/hour), and Dahirdar (12.5 birr/hour).
How to solveTo calculate labor productivity, we divide the monthly sales volume by the labor hours. Bale-robe has the highest labor productivity because it generates the most sales per labor hour.
Here is the table showing the labor productivity of each store:
Store Sales volume (birr) Labor hours Labor productivity (birr/hour)
Bale-robe 12,000 60 200
Hawassa 60,000 500 40
Nekemt 40,000 250 16
Dahirdar 25,000 200 12.5
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Calculating Income Tax Expense
Given the following.
Taxable Income $400k
Future taxable amounts $30k
Future deductible amounts $50k
Beginning Balances DTA $10k
Beginning Balances DTL $40k
Tax rate 30%.
1. What is the income tax expense?
2. What is the DTA year end balance?
3. What is the DTL year end balance?
4. What is the income tax expense?
5. What is the originating/reversing amount for the future taxable amount and for the deductible amount of the current year?
Answers
The income tax expense is $120k
The DTA year-end balance is $10k
The DTL year-end balance is $40k
The origination amount for the future deductible amount is $15k, and the reversing amount is also $15k.
How to Solve the Problem?1. To calculate the income tax expense, we need to first calculate the taxable income.
Taxable Income = $400k
Tax rate = 30%
Income tax expense = Taxable Income * Tax rate
Income tax expense = $400k * 30% = $120k
2. The DTA (Deferred Tax Asset) year-end balance can be calculated as follows:
Beginning Balance DTA = $10k
Future deductible amounts = $50k
Origination amount for the deductible amount = $50k * 30% = $15k
Reversing amount for the deductible amount = $15k
DTA year-end balance = Beginning Balance DTA + Origination amount - Reversing amount
DTA year-end balance = $10k + $15k - $15k = $10k
3. The DTL (Deferred Tax Liability) year-end balance can be calculated as follows:
Beginning Balance DTL = $40k
Future taxable amounts = $30k
Origination amount for the taxable amount = $30k * 30% = $9k
Reversing amount for the taxable amount = $9k
DTL year-end balance = Beginning Balance DTL + Origination amount - Reversing amount
DTL year-end balance = $40k + $9k - $9k = $40k
4. The originating/reversing amount for the future taxable amount and the future deductible amount of the current year have already been calculated in questions 2 and 3. The origination amount for the future taxable amount is $9k, and the reversing amount is also $9k. The origination amount for the future deductible amount is $15k, and the reversing amount is also $15k.
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Q.1. Which of the following transactions and events would result in a deterioration in Price to earnings ratio?
A.issuing shares for cash
B. acquiring cash proceeds from a 10-year reducing balance loan
C. purchasing inventory on credit
D. A and B only
E. A and C only
F. B and C only
G. All of the above
H. None of the above
Q.2. which of the following transactions and events would result in a deterioration in Days Purchases Outstanding?
A. the receipt of cash for dividends from other entities
B. acquiring cash proceeds from a 10-year reducing balance loan
C. the purchase of machinery financed entirely by a reducing-balance bank loan
D. A and B only
E. A and C only
F. B and C only
G. All of the above
H. None of the above
Q.3. which of the following transactions and events would result in an improvement in Interest Coverage Ratio?
A. purchasing inventory for cash
B. a payment to a supplier for amounts owing on inventory previously purchased on credit
C.receiving cash for interest revenue previously accrued
D. A and B only
E. A and C only
F. B and C only
G. All of the above
None of the above
Q.4. which of the following transactions and events would result in a deterioration in Gross Profit Margin ?
A. payment to acquire shares in another business as a long-term investment
B. the payment of a dividend to the entity’s shareholders
C. an adjustment for accrued interest on a loan at the end of the period
D. A and B only
E. A and C only
F. B and C only
G. All of the above
H. None of the above
Q.5. which of the following transactions and events would result in an improvement in Quick Ratio?
A. making a payment of principal and annual interest on a reducing balance loan
B. issuing shares for cash
C. an adjustment for wages owing at the end of the period
D. A and B only
D. A and C only
E. B and C only
F. All of the above
G. None of the above
Answers
1. Option E, A and C only, would result in a deterioration in Price to earnings (P/E) ratio.
2. Option F, B and C only, would result in a deterioration in Days Purchases Outstanding (DPO).
3. Option E, A and C only, would result in an improvement in Interest Coverage Ratio (ICR).
4. Option H, None of the above. Payment to acquire shares or paying dividends would not affect gross profit margin.
5. Option D, A and B only, would result in an improvement in Quick Ratio.
1. Issuing shares for cash would increase equity, which may improve the P/E ratio, while purchasing inventory on credit could delay cash outflows and improve the P/E ratio. However, if both options were combined, issuing shares to purchase inventory on credit, then the increase in equity and the delay of cash outflows could both lead to a deterioration in the P/E ratio.
2.Acquiring cash from a reducing balance loan implies that the entity is borrowing money, without an average steady cash inflow, thereby increasing DPO. Likewise, purchasing machinery may decrease cash, thereby also increasing DPO.
3.Purchasing inventory for cash would free up, or conserve cash, thereby improving the ICR. Receiving cash for interest revenue previously accrued would increase cash inflows, thereby improving the coverage ratio.
4.Accrued interest would be reflected in interest expense, which is not included in gross profit margin.
5.The payment of principal and annual interest on a reducing balance loan would reduce liabilities. Issuing shares for cash would increase assets.
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To speed the process of surveying, surveyors use brass metal plates to record important information. The benchmarks, as they are called, are used to save time so surveyors do not have measure the datum plane each time. Benchmarks refer to what standard of measurement?
Answers
Answer: Construction surveys are those surveys that provide line and grade.
Explanation:
Benchmarks for surveying the construction site involves the fixed reference point along with a precisely published elevation levels. In the given condition, the brass metal plate is used to record and measure parameters from the set benchmark. This will save the time of the survey.
Your company has a cost of capital equal to 10%. If the following projects are mutually exclusive, and you only have the information that is provided, which should you accept?
A B C E
Payback (years) 1 5 2 5
IRR 18% 20% 20% 12%
NPV (Millions) $40 $75 $35 $100
a. A
b. B
c. C
d. B and C
e. E
Answers
Answer:
The project to accept is:
e. E
Explanation:
a) Data and Calculations:
Cost of capital = 10%
Mutually Exclusive Projects:
A B C E
Payback (years) 1 5 2 5
IRR 18% 20% 20% 12%
NPV (Millions) $40 $75 $35 $100
b) Project E should be preferred over all the other projects. It has the highest net present value (NPV) and its internal rate of return (IRR) is above the company's cost of capital. It surpasses projects A, B, and C in financial performance terms using time-value of money analysis.
True or false: The main purpose of both financial and managerial accounting is similar in that both aim to provide relevant information to its users.
Answers
Answer: True
Explanation:
Even though Financial and Managerial accounting differ in the type of people who use it with Financial being used both internally and externally and Managerial being used internally, the main purpose is to provide relevant information to it's users.
Managerial accounting concerns analyzing and interpreting financial as well as other data so that the management can make informed decisions about their course of action.
Financial Accounting on the other hand provides the public with financial data on a company so that they may know whether to invest. Either way, they are both providing relevant information to users.
1. What is the average annual return if someone invested 100% in bonds.
2. What is the average annual return if someone invested 100% in stocks
3. Calculate the range of potential annual returns if you invested 10% in bonds and 90% in stocks. How does this compare with the range of potential annual returns if you invested 10% in stocks and 90% bonds
4. Your friend tells you he is going to start investing and would like to earn a 10% return. He says stocks make him nervous, so he will only be investing 10% in stocks and the remaining 90% will be invested in bonds. What would you say to him?
5. Use evidence from this graph to explain the value of investing in both stocks and bonds- not just one or the other
Answers
The average annual return for investing 100% bonds and 100% stocks has been around 3-5% and 8-10% respectively. The range of 10% bond and 90% stock is wider as stocks are generally riskier than bonds. Investing solely in bonds not be sufficient to achieve a 10% return. Investing in Bonds can provide steady income, while stocks offer higher returns but also more risk.
The average annual return for investing 100% in bonds varies depending on the type of bonds and the current interest rates. Generally, bonds have a lower rate of return compared to stocks, so the average annual return would likely be around 3-5%.
The average annual return for investing 100% in stocks varies depending on the type of stocks and market conditions. Historically, the average annual return for stocks has been around 8-10%.
The range of potential annual returns for a portfolio with 10% bonds and 90% stocks would likely be wider than a portfolio with 10% stocks and 90% bonds. This is because stocks have a higher potential for both gains and losses compared to bonds, which are generally considered a more stable investment.
It's important to have a diversified portfolio that includes both stocks and bonds, as this can help reduce risk and increase potential returns over the long term. While stocks may be more volatile, they also have the potential for higher returns compared to bonds. A financial advisor can help determine the best asset allocation based on your friend's individual goals and risk tolerance.
Investing in both stocks and bonds can help balance risk and return in a portfolio. While stocks have the potential for higher returns, they also come with higher risk, while bonds offer stability and income.
By combining both types of investments, an investor can potentially increase returns while reducing overall risk. The graph may show the benefits of diversifying a portfolio and the importance of balancing risk and return.
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--The given question is incomplete, the complete question is given
" 1. What is the average annual return if someone invested 100% in bonds.
2. What is the average annual return if someone invested 100% in stocks
3. Calculate the range of potential annual returns if you invested 10% in bonds and 90% in stocks. How does this compare with the range of potential annual returns if you invested 10% in stocks and 90% bonds
4. Your friend tells you he is going to start investing and would like to earn a 10% return. He says stocks make him nervous, so he will only be investing 10% in stocks and the remaining 90% will be invested in bonds. What would you say to him?
5. Use evidence from this graph to explain the value of investing in both stocks and bonds- not just one or the other"--
a. Các khoản tiền phát sinh ở cuối mỗi năm là 680 triệu đồng trong thời kỳ 8 năm với lãi suất 6%/năm, ghép lãi 6 tháng/1lần, tại thời điểm cuối năm thứ 8.
Answers
Explanation:
English plz I don't understand
practice
20.2 Special Orders
Harvest, Inc. has received a special order for 3,000 boxes of crystal glassware for $30 per box. Harvest's variable costs per box are
$24, fixed costs per box are an additional $10 per box, and the normal selling price is $70 per box. Harvest has sufficient capacity to
produce the glassware. Harvest will incur special shipping costs of $2 per box for this special order. If the order is accepted, what will
be the effect on net income?
O $90,000 increase
$12,000 increase
O $18,000 decrease
O $12,000 decrease
Submit Answer
Save for Later
Answers
If the special order for 3,000 boxes of crystal glassware is accepted, the effect on the net income of Harvest, Inc. is an increase of $12,000.
What is break-even analysis?Break-even analysis is an accounting technique to ensure that a company does not incur losses from its transactions.
Using the technique, a corporation ensures that the total costs are at least equal to the total revenue or the contribution margin is sufficient to cover the fixed costs, which are not variable within a relevant range.
The technique is based on the concepts of contribution margin and variable costing.
Data and Calculations:Special order units = 3,000 boxes
Price per box for special order = $30
Variable costs per box = $24
Special shipping costs per box for the special order = $2
Contribution margin per box = $4 ($30 - $24 - $2)
Total Contribution Margin = $12,000 ($4 x 3,000)
Fixed costs = $30,000 ($10 x 3,000)
Normall selling price per box = $70
Thus, if the special order for 3,000 boxes of crystal glassware is accepted, the effect on the net income of Harvest, Inc. is an increase of $12,000.
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high-performing teams include members who typically hold which of the following values?
Answers
Answer:
a high need for achievement
Explanation:
A team can be defined as a group of people or set of individuals with various skill set, knowledge and experience coming together to work on a project or task in order to successfully achieve a set goal and objective.
This ultimately implies that, a team comprises of individuals, workers or employees having complementary skills, knowledge and experience needed to execute a project or task successfully. Therefore, workers working as a team usually interact with the other team members and as a result, this enhances performance and strengthen the level of relationship they share.
High-performing teams include members who typically hold a high need for achievement.
Hence, teams that perform exceptionally and excellently are usually made up of members that are keen on adding more feathers to their coat i.e they have a great urge or desire to reach greater heights and milestones.
The engagement team performed testing of the tax account rollforward and documented the following for testing of the income tax payments for the
current year, "Agreed balance to Tax payments/refunds schedule prepared by the client without exception." Which is the best response as a result of
your review?
Answer the question, then select Confirm
A. You consider the source of the payments/refunds schedule noting it comes from a key system and ITGCs were deemed to be
effective and add this fact to the team's documentation.
B. Additional procedures are not necessary, as the appropriate tie-out procedures were performed.
C. You consider the testing over the accuracy and completeness of management's schedule which has been performed in a
separate EGA, ensure the balance in the rollforward agrees to the testing performed, and enhance the tax team's documentation to
reference the additional testing.
D. As part your review of the team's work, you re-perform their procedures by agreeing the balance to the payments/refunds
schedule obtained from the client.
Confirm
Answers
The best response that you would have as a result of your review would be ; You consider the testing over the accuracy and completeness of management's schedule which has been performed in a separate EGA, ensure the balance in the roll forward agrees to the testing performed, and enhance the tax team's documentation to reference the additional testing.
What does it mean to carry out testing of tax account?This is the term that has to do with the performing of the procedure in such a way that it would be able to take care of an underlying account record or a given transaction.
The answer to this question is option C. You would have to ensure that you consider the testing over the accuracy and completeness of management's schedule.
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You are given the following information:________.
New Empire Small Cap Fund
Total assets $760 million
Total liabilities $ 30 million
Total number of shares 50 million
Calculate the net asset value for the New Empire small-cap mutual fund. (Round your answer to 2 decimal places.)
Answers
Answer: 14.60
Explanation:
The following information are given in the question:
Total assets $760 million
Total liabilities $ 30 million
Total number of shares 50 million
The net asset value will then be calculated as:
= (Assets - Liabilities) / Total number of outstanding shares
= (760 - 30) / 50
= 730 / 5
= 14.60
most managers are mba graduates. no mba graduate is a ceo. all ceos are managers.
Answers
Claims 1 and 3 are consistent with the information that has been presented. Therefore, the solution that you should choose is option 3.
Only 2 follow Option C
This is further explained below.
What is MBA?Generally, Given the fact that no MBA graduate now holds the position of CEO, this demonstrates that statement 4 does not follow the information that has been shown, however, statement 3 does follow the information that has been presented.
Now, it is common knowledge that all CEOs also have managerial positions, but this does not necessarily imply that all managers also hold CEO positions. Therefore, assertion 2 does not make sense in light of the evidence presented.
Since we are aware that the vast majority of managers have an MBA degree, this lends credence to the assertion that some MBA graduates hold managerial positions. Therefore, it is safe to argue that assertion 1 is supported by the data presented here.
In conclusion, claims 1 and 3 are consistent with the information that has been presented. Therefore, the solution that you should choose is option 3.
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complete question is attached below
How does finance and insurance affect in our global economy?
Answers
The ways that finance and insurance affect our global economy include:
Capital allocationRisk managementHow can finance and insurance affect the economy ?Finance plays a crucial role in allocating capital to its most productive uses. Through the provision of financial services such as banking, investment, and asset management, finance channels funds from savers to investors, supporting economic growth and development.
Insurance plays a vital role in managing risk and protecting individuals and businesses from potential losses. By spreading risk among a large pool of insured individuals or companies, insurance enables businesses to invest and take on new opportunities with greater confidence, contributing to economic growth and stability.
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The heat from warm river waters draining into the Arctic Ocean is contributing to the melting of Arctic sea ice each summer, a new NASA study finds. the summer of 2012. They observed a sudden influx of warm river waters into the sea that rapidly warmed the surface layers of the ocean, enhancing the melting of sea ice. A paper describing the study is now published online in the journal Geophysical Research Letters.
—"Warm Rivers Play Role in Arctic Sea Ice Melt,"
NASA
Which details should be included in a summary about the passage?
A research team led by Son Nghiem of NASA's Jet Propulsion Laboratory in Pasadena, Calif., used satellite data to measure the surface temperature of the waters discharging from a Canadian river into the icy Beaufort Sea during
Check all that apply. Warm water is melting the Arctic Sea ice. The research team is led by Son Nghiem. The sudden flow of warm waters into the sea are rapidly warming the ocean's surface. A paper describing the study can be found online. The journal is called Geophysical Research Letters.
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Answer:
a and c
Explanation:
calculate the amount of budgeted selling and administrative expenses for february. xing, inc. has prepared the operating budget for the first quarter of the yeqra. The company forecast sales of 40000 in january, 50000 in february, and 60000 in march. variable and fixed expenses are as follows
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The amount Xing, Inc. budgeted for selling and administrative expenses for February is C. $35,700.
What are the selling and administrative expenses?The selling and administrative expenses include all the variable and fixed costs incurred for the following:
SalariesRentDepreciationPower costMiscellaneous expenses.To determine the total selling and administrative expenses, we first determine the total fixed costs per month and the variable costs.
The variable costs are a function of the budgeted sales for each month since a percentage of the sales have been identified as variable costs for power costs and miscellaneous expenses.
January February March
Budgeted sales $40,000 $50,000 $60,000
Variable costs:
Power cost $12,000 $15,000 $18,000
Miscellaneous 2,000 2,500 3,000
Total variable cost $14,000 $17,500 $21,000
Total fixed expenses per month = $18,200
Selling and administrative expenses for February = $35,700 ($17,500 + $18,200).
Thus, for February, Xing forecast to spend C. $35,700 on sales and administration, which may be more or less than the actual expenses for the month.
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Question Completion:Variable and fixed expenses are as follows:
Variable Expenses: Power cost (30% of sales)
Miscellaneous expenses: (5% of sales)
Fixed Expenses:
Salaries expense: $10,000 per month
Rent expense: $5,000 per month
Depreciation expense: $1,400 per month
Power cost/fixed portion: $800 per month
Miscellaneous expenses/fixed portion: $1,000 per month
Using the information above, calculate the amount of selling and administrative expenses for the month of February.
A. $32,200
B. $32,200
C. $35,700
D. $14,000
Given the true/false statements are true (facts), select the best logical induction made from those statements:
Betsy likes oranges. Jose does not like oranges. Benjamin likes oranges.
a. People only like oranges
b. People like apples and oranges
c. People like all fruit
d. People do and do not like oranges
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The best logical induction that can be made is d. People do and do not like oranges.
What is logical induction?This refers to making a generalization about a population based on individual pieces of information about the population's members.
Betsy and Benjamin like oranges but Jose does not. This means that people can either like or dislike oranges.
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3. When an account such as “Accounts Payable” has a credit balance and a credit entry is posted to the account, the account balance is:
a. Increased
b. Decreased
c. Can be increased or decreased
d. None of the above
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Which of the following financial statements includes information about a firm's assets, equity, and liabilities?
a. income statement
b. statement of cash flows
c. balance sheet
d. statement of retained earnings
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Balance sheet financial statements includes information about a firm's assets, equity, and liabilities.
In financial accounting, a balance sheet is a summary of the financial balance of an individual or organization, whether it is a sole proprietorship, partnership, corporation, limited liability company, or other organization such as a government or non-profit organization. Z.
A balance sheet is a statement of a company's financial position. Record the company's assets and liabilities at the end of the accounting period after creating the trade account and profit and loss statement.
The balance sheet provides insight into the company and its processes. Shows the company's liabilities, assets and equity. A balance sheet provides prospective clients with an overview of the company's financial situation, enabling them to make informed financial decisions.
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Identify and discuss 4 ways a retailer can make their customer loyalty programme more effective
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Four ways a retailer can make their customer loyalty program more effective includes the following;
Be specific about rewards and promotionsAttach rewards to Positive customer reviewsOffer membershipOffer customer rewards such as Stars for Starbucks.What is Customer Loyalty?Customer loyalty refers to a customer’s commitment to your brand. Customer loyalty is a culmination of the reasons why a loyal customer will always choose you over the competition. These reasons may be because of your excellent customer service, unique product selection, or another way you differentiate yourself.
What is Customer Loyalty Program?Customer Loyalty Program refers to programs which are organized to give consistent customers added benefits and promotions. The major reason for customer loyalty program is for customer retention and loyalty because they encourage future purchases.
In order to effectively carry out customer loyalty programs, you have to state clearly what customers would benefit from such programs.
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