Answers
Answer:
O LLC
Explanation:
Owners of a limited liability company, LLC are called its members. An LLC is formed by at least one member but has no upper limit. Members of an LLC may opt to get involved in managing business affairs. They enjoy unlimited liabilities to the debts of the entity. LLC members can be compared to the shareholders of a corporation.
Related Questions
Company Dept. A Dept B. Predetermined overhead rate per direct labor hour $2.10 $2.40 $1.80 Direct labor hours hours worked on Job ABC 30 17 13 Based on this information, the overhead applied to Job ABC using multiple predetermined overhead rates is ______.
Answers
Answer:
Total applied overhead= $64.2
Explanation:
Giving the following information:
Dept. A Dept B.
Predetermined overhead rate per direct labor hour $2.40 $1.80
Job ABC:
Direct labor hours Dept A= 17
Direct labor hours Dept B= 13
We need to use the departmental predetermined overhead rates.
To allocate overhead, we need to use the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Dept A= 2.4*17= $40.8
Dept B= 1.8*13= $23.4
Total applied overhead= $64.2
7. The statement says that you've triggered the Penalty APR so that it has now increased to 28.99%. What action
triggered this?
a. You paid your last bill online in full by the due date.
b. You paid only the minimum payment by the due date.
You failed to pay the minimum payment by the due date.
d. You failed to pay your late payment fee.
C.
Answers
Answer:
The statement says that you've triggered the Penalty APR so that it has now increased to 28.99%. What action triggered this?
You failed to pay the minimum payment by the due date.
Explanation:
The Penalty APR is triggered when a cardholder pays late. The credit card issuer will assume the additional risk that may result if the cardholder fails to pay at all. The purposes of Penalty APRs are to offset the high credit risks involved and to encourage cardholders to make their payments on time. This also why APRs are usually high. Lenders or credit card issuers then charge high interest rates to compensate for the risks.
Action that can trigger a statement that "you've triggered the Penalty APR so that it has now increased to 28.99%." C:You failed to pay the minimum payment by the due date.
A penalty APR is a rate can be triggered as a result of failure to pay your bill on time. It can be in way whereby penalty APR that's higher than ones card's regular rate can be charged even in transaction that will comes up in the future.When one failed to pay the minimum payment by the due date, then it would trigger Penalty APR.Therefore, option C is correct.
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1. Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries.
Answers
1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.
This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.
In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
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Pup tents use 4 direct labor hours (DLH) per unit and Pop-up tents use 3 direct labor hours per unit. Compute the overhead cost per unit for each product.
Answers
a) The computation of the single plantwide predetermined overhead rate for Tent Master is $6 per DLH ($252,000/42,000).
b) The computation of the overhead cost per unit for Pup and Pop-up Tents for Tent Master is computed as follows:
Pup Tents Pop-up Tents
Overhead cost $24 ($6 x 4) $18 ($6 x 3)
c) The computation of the product cost per unit for Pup and Pop-up Tents is as follows:
Per Unit Selling Direct Direct Overhead Product
Price Materials Labor per unit Cost / Unit
Pup tent $ 78 $ 20 $ 45 $24 $89
Pop-up tent 73 25 30 $18 $73
d) The computation of the gross profit per unit (selling price per unit minus the product cost per unit) of Pup and Pop-up Tents is as follows:
Per Unit Selling Direct Direct Overhead Product Gross Profit
Price Materials Labor per unit Cost / Unit (Loss) per unit
Pup tent $ 78 $ 20 $ 45 $24 $89 ($11) ($78 - $89)
Pop-up tent 73 25 30 $18 $73 $0 ($73 - $73)
What does a product cost?The determination of the product cost includes the costs of direct materials, direct labor, and overhead. The overhead cost is allocated to each unit based on a predetermined overhead rate (budgeted overheads/budgeted usage) or using an activity-based costing technique.
Data and Calculations:Budgeted overhead costs = $252,000
Budgeted direct labor hours = 42,000
Question Completion:Tent Master produces Pup tents and Pop-up tents. The company budgets $252,000 of overhead cost and 42,000 direct labor hours. Additional information follows:
Per Unit Selling Price Direct Materials Direct Labor DL Hours
Pup tent $ 78 $ 20 $ 45 4
Pop-up tent 73 25 30 3
Required:1. Compute a single plantwide overhead rate assuming the company allocates overhead costs based on 42,000 direct labor hours.
2. Pup tents use 4 direct labor hours (DLH) per unit and Pop-up tents use 3 direct labor hours per unit. Compute the overhead cost per unit for each product.
3. Compute the product cost per unit for each product.
4. For each product, compute the gross profit per unit (selling price per unit minus the product cost per unit).
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Use the following information about the current year's operations of a company to calculate cash provided by operations.Net income $ 100,000 Decrease in Accounts Payable 5,000 Increase in Accounts Receivable 4,000 Increase in Merchandise Inventory 8,000 Decrease in Salaries Payable 2,000 Depreciation Expense 6,000 Gain on Sale of Machinery 2,000
Answers
Answer:
Cash from operations:
Net income $100,000
Depreciation Expense 6,000
Decrease in Accounts Payable (5,000)
Increase in Accounts Receivable (4,000)
Increase in Merchandise Inventory (8,000)
Decrease in Salaries Payable (2,000)
Cash from operations $87,000
Explanation:
a) Data and Calculations:
Net income $ 100,000
Decrease in Accounts Payable 5,000
Increase in Accounts Receivable 4,000
Increase in Merchandise Inventory 8,000
Decrease in Salaries Payable 2,000
Depreciation Expense 6,000
Not an operating activity:
Gain on Sale of Machinery 2,000
b) The gain on the sale of machinery is not an operating activity or a cash flow item. Cash inflow is recorded when there is a sale of the machinery and as an investing activity. Increase in current assets (except cash) are uses of fund together with decreases in current liabilities.
A customer requirement from an online retail store is "timeliness of clothing delivery." Which of the following is most likely to be the specific measure of that requirement?
Answers
The thing that is likely to be the specific measure of timeliness regarding retail store is delivery in 7 days or less.
What is a retail store?A retail store simply means a state where goods are sold to the final consumers.
In this case, the specific measure is about timeliness. Therefore, the customer will want the good as soon as possible.
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Anne is paid $25 per hour for her job as an office manager. She is paid overtime for all hours worked over 40 a week. What is her gross pay if she worked 51 hours last week?
Answers
Answer:
$1412.50
Explanation:
is a place where two parties can gather to facilitate the exchange of products
Answers
A marketplace is a physical or virtual place where two parties can gather to facilitate the exchange of goods or services. It is a space where vendors or merchants come together to sell their wares, and consumers come to buy what they need. A marketplace can be found in many forms and has evolved over time to keep up with the changing nature of trade and commerce.
Traditional marketplaces are physical locations where people gather to sell goods. They have been around since ancient times and continue to exist in many parts of the world. These marketplaces are usually located in urban areas, and vendors set up their stalls or shops to sell their wares.
They may sell food, clothing, handmade crafts, or other products. People come to these marketplaces to buy what they need, socialize, and enjoy the atmosphere.Virtual marketplaces, on the other hand, are online platforms where people can buy and sell products.
These marketplaces are accessible from anywhere with an internet connection and have become increasingly popular in recent years. Popular examples of virtual marketplaces include Amazon, eBay, and Etsy.
These platforms allow vendors to reach a broader audience and sell their products worldwide.In conclusion, marketplaces are crucial for facilitating the exchange of goods and services. They have been around for centuries, and their evolution has resulted in various forms, including traditional and virtual marketplaces.
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Wages for a business should be about 32 percent of gross revenue. Does the Y Sample T-Shirt Company, INC make enough revenue to hire another employee?
Answers
Yes, the Y Sample T-Shirt Company, INC make enough revenue to hire another employee .
What is meant by "gross revenue"?A company's gross revenue, also known as its gross income, is the total amount of money it generates without taking into account any money that has been or will be spent on expenses.
How is the gross revenue calculated?The following equation can be used mathematically to represent it: Total sales volume divided by sales price per unit is gross revenue. Other income statement items like gross profit, operating income, and net profit are often calculated using the amount of gross sales.
What's the significance of gross profit?Gross profits are important because the analysis enables businesses to improve their performance. A company can get a better idea of how well it is managing its costs and marketing its products by looking at its gross profit figures over time.
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An essay about umntu ngumntu ngabantu
Answers
Self esteem is the part of self concept that involves evaluations of ?
Answers
Answer:
the mind
Explanation:
answered already
The component of the self-concept known as self-esteem involves assessments of one's own value. Through social engagement, the self-concept grows and changes. Reflected assessment is the practice of reflecting the opinions of those around us.
What is self-esteem?Self-esteem is the belief in one's own abilities or value. Self-esteem includes one's self-perceptions as well as emotional states including joy, anguish, pride, and shame. "The self-concept is just what we think about the self; self-esteem is the positive or negative judgments of the self, as in how we feel about it," wrote Smith and Mackie in 2007.
Being able to predict certain outcomes, such as scholastic success, happiness, marital and romantic fulfillment, and criminal behavior, makes self-esteem an alluring psychological concept. Self-esteem can be applied broadly or to a particular quality. Self-esteem is typically viewed by psychologists as a permanent personality trait, while there are also common, short-term changes.
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Discuss the challenge created for financial accountants by the presence of uncertainty.
Answers
Uncertainty creates challenges for financial accountants in accurately measuring, reporting, and disclosing financial information.
The presence of uncertainty poses significant challenges for financial accountants. Uncertainty refers to the lack of predictability or reliability in future events or outcomes, which makes it difficult to accurately measure and report financial information. Here are some key challenges created by uncertainty:
Measurement and valuation: Uncertainty makes it challenging to determine the appropriate measurement and valuation of assets, liabilities, revenues, and expenses.
Financial accountants must make estimates and judgments based on available information, assumptions, and professional judgment. However, the accuracy of these estimates may be compromised by the inherent uncertainty.
Financial statement presentation: Uncertainty affects the presentation of financial statements. Accountants must disclose the nature and extent of significant uncertainties that could impact the company's financial position and performance. However, determining which uncertainties are material and require disclosure can be subjective and complex.
Risk assessment: Uncertainty introduces risk into financial reporting. Accountants need to assess and manage risks associated with uncertain events, such as changes in market conditions, legal disputes, or environmental factors. They must consider the potential impact of these risks on financial statements and disclose them appropriately.
Forecasting and decision-making: Uncertainty makes forecasting and decision-making challenging for financial accountants. They need to analyze financial data and projections while considering the potential impacts of uncertain factors.
This requires them to use sophisticated models, scenario analysis, and sensitivity analysis to assess the range of possible outcomes.
Regulatory compliance: Financial accountants must comply with accounting standards and regulatory requirements. Uncertainty adds complexity to compliance efforts, as new and evolving regulations may require additional disclosures or adjustments to financial statements to reflect uncertain events or future obligations.
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QUESTION 11
Whether targeting consumers or resellers, marketers need to focus on:
O Buying center synergy.
O Corporate profit sharing
O Reducing derived demand
O Creating value for their customers
Answers
Marketers need to focus on creating value for their customers. The Option D.
Why is creating value for customers crucial for marketers?Creating value for customers is crucial for marketers as it directly impacts customer satisfaction and loyalty. When marketers prioritize creating value, they focus on understanding customer needs and preferences, developing products or services that meet those needs and delivering exceptional customer experiences.
By doing so, they differentiate themselves from competitors, build strong customer relationships and drive business growth. When customers perceive value in what a company offers, they are more likely to make repeat purchases.
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QUESTION 4: PRICING Based on your knowledge of Pricing Strategies, recommend a pricing mix that has the best pricing mix ice Mix 1: • Price MX 2 se Sale Price: $19,500 id-tier Sale Price: $24,55 lly-Loaded Sale Price: 4,999 Price Mix 2: Base Sale Price: $20,000 Mid-tier Sale Price: $25,000 Fully-Loaded Sale Price: $30,000 Price Mix 3: Base Sale Price: $22,000 Mid-tier Sale Price: $24,00 Fully-Loaded Sale Price: $28,999
Answers
Price Mix 2 is recommended as the best pricing mix strategy. It includes three price tiers: a base sale price of $20,000, a mid-tier sale price of $25,000, and a fully-loaded sale price of $30,000.
The best pricing mix
This pricing mix caters to different customer segments by offering varying levels of features and benefits at different price points. It allows customers to choose a product based on their budget and desired features, increasing the likelihood of conversion and customer satisfaction.
The balanced pricing structure provides options for both price-sensitive customers and those willing to pay more for additional features. Overall, Price Mix 2 maximizes revenue potential by attracting a wider customer base and potentially facilitating upselling opportunities.
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SELECT AN ORGANISATION OF YOUR CHIOCE.
1.1 SUMMARISE THE NATURE OF BUSINESS
1.2 SUMMARISE THE BUSINESS MODEL
1.3 WHAT ARE THE KEY BUSINESS DRIVERS
2.1 NATURE OF DECISION DESCRIBING WHAT DECISION NEEDED TO BE MADE AND WHY
2.2 SUMMARISE HOW WAS THE DECISION MADE
2.3 ANALYSE THE DECISION MADE AND DESCRIBE IF A QUALITATIVE OR QUANTITATIVE APPROACH WAS USED AND JUSTIFY YOUR RESPONSE
2.4CONFIRM WHY WAS THIS APPROACH TAKEN BY THE BUSINESS AND APPRAISE THIS APPROACH FROM RISK MODELLING PERSPECTIVE
3.1 USING THE SELECTED BUSINESS DECISION FROM ABOVE, IDENTIFY AT LEAST 5 RISKS THAT NEEDED TO BE CONSIDERED TO MAKE THE SAME
3.2 USING THE RISK REGISTER IN THE PREVIOUS SECTION, CONDUCT A QUALITATIVE RISK ANALYSIS FOR THESE 5 RISKS BY PROPOSING THE PROBABILITY OF OCCURRENCE AND IMPACT FOR EACH RISK
3.3 USING A MATRIX INCLUDED IN APPENDIX A, PLOT THE RISKS ON A HEAT MAP AND EXPLAIN WHAT THE MAP MEANS
4.1 USING THE REGISTER DERIVED IN QUESTION 3.1, CALCULATE THE AVERAGE IMPACT (EXPECTED MONETARY VALUE) USING AGGREGATION OF STATIC VALUES
4.2 SUMMARISE WHAT DOES THIS AVERAGE IMPACT VALUE MEANS FOR THE ORGANISATION
5.1 USING THE REGISTER FROM 3.1, CALCULATE THE 5 POSSIBLE EXPECTED MONETORY VALUES USING THE AGGREGATION OF THE RISK DRIVEN OCCURRENCES METHODOLOGY
5.2 DESCRIBE THE RESULT OF THIS METHODOLOGY USING AN APPROPRIATE DIAGRAM
5.3 SUMMARISE WHAT DOES THIS AVERAGE IMPACT VALUE MEANS FOR THE ORGANISATION
Answers
An organization that will be analyzed in this context is Coca-Cola.1.1 Summary of the nature of the business:Coca-Cola is one of the most well-known beverage manufacturers in the world. They create fizzy drinks, juices, and water for a variety of markets.
Their drink portfolio includes more than 200 brands sold in over 200 countries.1.2 Summary of the business model:Coca-Cola Company follows a business model based on creating strong brands that generate significant customer demand.
Their main goal is to build and enhance brand equity. They engage in extensive advertising and promotion campaigns to attract more consumers.1.3 What are the key business drivers:Coca-Cola's essential business drivers are its brand, extensive distribution network, market reach, product innovation, customer satisfaction, and product differentiation.2.1 Nature of decision describing what decision needed to be made and why:The business decision that was taken by Coca-Cola was regarding the selection of the right marketing mix, which is a critical decision.
This allowed them to gain valuable insights into how the consumers perceive their products, which they could use to develop targeted marketing strategies. From a risk modeling perspective, the approach is beneficial because it allows the company to minimize the risks by identifying the issues that consumers may face with their products.3.1 Using the selected business decision from above, identify at least 5 risks that needed to be considered to make the same:1. Competition from other beverage manufacturers2. Consumer preferences and behavior3. Changes in market trends4. Fluctuating economic conditions
5. Changing health and safety regulations3.2 Using the risk register in the previous section, conduct a qualitative risk analysis for these 5 risks by proposing the probability of occurrence and impact for each risk:The following table shows the qualitative risk analysis for the five risks that were identified:RiskProbabilityImpactCompetitionMediumHighConsumer preferences and behaviorHighHighChanges in market trendsLowHighFluctuating economic conditionsHighMediumChanging health and safety regulationsLowMedium3.3 Using a matrix included in Appendix A, plot the risks on a heat map and explain what the map means:The risks were plotted on a heat map, as shown below:The heat map shows that the competition and consumer preferences risks have a higher probability of occurrence and impact, while the changes in market trends and health and safety regulations have a lower probability of occurrence and impact.4.1 Using the register derived in question 3.1, calculate the average impact (expected monetary value) using aggregation of static values:
The five possible expected monetary values are calculated by multiplying the probability of each risk and the range of possible impacts.RiskProbabilityImpactRange of possible impactsExpected Monetary ValueCompetitionMedium$2,000,000-$4,000,000$1,200,000Consumer preferences and behaviorHigh$3,000,000-$5,000,000$3,000,000Changes in market trendsLow$1,000,000-$3,000,000$300,000Fluctuating economic conditionsHigh$1,000,000-$2,000,000$1,200,000Changing health and safety regulationsLow$500,000-$1,000,000$50,000Total Expected Monetary Value$5,750,0005.2 Describe the result of this methodology using an appropriate diagram:The following diagram shows the possible expected monetary values for the five risks:5.3 Summarize what does this average impact value mean for the organization:
The average impact value means that the Coca-Cola Company could potentially lose an estimated $5,750,000 due to the five risks that were identified. This value represents the range of possible impacts that the company may face, given the probability of occurrence of each risk. The company can use this information to identify the risk mitigation strategies that are required to minimize the impact of these risks.
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Paul’s grocery received 1,000 pounds of onion at $0.11 per pound. On the average, 3% of the onions will spoil before selling. Find the selling price per pound to obtain a makeup rate of 180% based on cost.
Answers
The selling price per pound for onions to obtain a makeup rate of 180% based on cost is $2.0350.
What is the selling price per pound for onions?Total Cost = Quantity * Cost per pound
Total Cost = 1,000 pounds * $0.11/pound
Total Cost = $110
Spoilage Quantity = 3% of Quantity
Spoilage Quantity = 3% of 1,000 pounds
Spoilage Quantity = 0.03 * 1,000 pounds
Spoilage Quantity = 30 pounds
Effective Quantity = Quantity - Spoilage Quantity
Effective Quantity = 1,000 pounds - 30 pounds
Effective Quantity = 970 pounds
Makeup Rate = 180%
Selling Price per pound:
= (Total Cost * Makeup Rate) / Effective Quantity
= ($110 * 1.80) / 970 pounds
= $2.03505/pound.
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James was transferred by his company to go work in Hong Kong for six months. His headquarters in Dallas, Texas, assured him that he would be back home in six months, after he had completed setting up the new office in Hong Kong, and trained his replacement. Though initially reluctant, he spoke to his wife and they together decided that this was a great career opportunity, and would also serve as a second honeymoon, since they had been married for just six months.
Roughly five months into his stay in Hong Kong, James received a request from his boss at the head office, urging him to extend his stay by another six months, since the company had decided to expand their operations in Hong Kong, and they felt that he was most suited for the task. James agreed readily, since he and his wife had begun to make friends there, and did not want to get uprooted too soon. Over the next six months, James worked very diligently, especially since he wanted to make sure he left the operations in very good shape for his replacement. Much to his surprise, at the end of the year, he received another request from HQ to extend his stay by another year. By the end of two years, James was starting to get a little homesick, and irritated at the repeated requests for him to extend his stay. He was really ready to head back, but he had done such a good job in HK, that the Divisional Vice-President flew down to Hong Kong and convinced him to move to Mumbai, India, for another two years. James and Anne had started to enjoy living in Asia, so they agreed somewhat reluctantly, since the move to India also came with a hefty pay increase and numerous benefits.
Fifteen years, five Asian countries, and three kids later, James and Anne decided it was time to head back home – primarily because they wanted their children to experience living in their ‘home’ country. He wrote back to head office requesting a transfer back to Dallas, but all his requests were met with silence, or the cursory ‘we will get back to you.’ On further inquiry, he discovered that all the people involved in his transfer decision had transferred themselves or had left the company. The new people were not sure how to handle James’ request, and so they simply ignored his request, or tried to buy time. As a result, his performance started to suffer, and he began to wonder if he should simply quit and join a competitor in Mumbai or go back home and force the top management team to address his situation.
Case Study Questions
1. In your opinion, how common is James’ situation? How should the company have handled the initial promise to bring him back home after a specified period of time?
2. If James does leave the company and join a competitor, who should be held responsible for the loss of ‘intellectual capital?’
3. If you were James, how would you handle this situation?
Answers
In this case, I would consider the situation that James faces here to be a very common situation between bosses and their employees.
How the company should have handled the situation1. The issue that James faces with the company is a common situation that workers face in the hands of their bosses. They are transferred from place to place and in a bid to keep their jobs, they go without complaints. The company should have been able to keep to its initial agreement with him. But we can see that not properly addressing his concerns would make them lose him. The company should have made open their demands to him in the first place.
2. In this case, the company has to be held responsible if James decides to leave. This is because they have not tried to keep to their word and they have not tried in any way to do things that would pacify James either. His requests are not taken seriously.
3. Due to the fact that I take integrity and words seriously, I would leave the company to a competitor because I would find it difficult to continue working in an environment were I have to give my all and still be unheard.
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In 2021, Gray Corporation, a calendar year C corporation, has a $75,000 charitable contribution carryover from a gift made in 2016. Gray is contemplating a gift of land to a qualified charity in either 2021 or 2022. Gray purchased the land as an investment five years ago for $100,000 (current fair market value is $250,000). Before considering any charitable deduction, Gray projects taxable income of $1,000,000 for 2021 and $1,200,000 for 2022.
Required:
Should Gray make the gift of the land to charity in 2021 or in 2022?
Answers
Gray Corporation should defer the gift of land in 2022.
What is a charitable contribution?A charitable contribution is an expense that an individual or a corporation incurs by donating to a qualified charitable organization. The IRS allows the corporation to deduct this from its taxable income. Gray Corporation can gift 25% of its taxable income in charitable contributions in any tax year (starting from 2021).
The reason that Gray Corporation should defer the gift of the land until 2022 is to enable it fully deduct the carryover contribution amount of $75,000 in 2021 since 2021 is the last year it can be deducted. Otherwise, it lapses (five years).
Data and Calculations:2021 2022
Taxable income $1 million $1.2 million
Limit of charitable
contributions $250,000 $300,000
($1,000,000 x 25%) ($1,200,000 x 25%)
Carryover charitable $75,000 $0
Maximum it can gift $175,000 $300,000
Thus, though the allowable charitable contribution has been increased from 10% to 25% for corporations, Gray Corporation should still gift the land in 2022, otherwise, it lapses after 5 years in 2021.
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Acompany that is organized by function will group its employees into teams based on what?
A. The type of work they do
B. The product they make
C. The location or branch they work at
D. The type of customer they serve
Answers
NEED HELP ASAP
Cardinal Company is considering a five-year project that would require a $2,915,000 investment in equipment with a useful life of five years and no salvage value. The company’s discount rate is 16%. The project would provide net operating income in each of five years as follows:
Sales $ 2,863,000
Variable expenses 1,014,000
Contribution margin 1,849,000
Fixed expenses:
Advertising, salaries, and other fixed out-of-pocket costs $ 781,000
Depreciation 583,000
Total fixed expenses 1,364,000
Net operating income $ 485,000
14. Assume a postaudit showed that all estimates (including total sales) were exactly correct except for the variable expense ratio, which actually turned out to be 45%. What was the project’s actual payback period? (Round your answer to 2 decimal places.)
Answers
If the discount rate increases, then net present value will decrease.
So, you would expect the project's net present value to be lower.
How to solveInitial Investment = $2,915,000
Useful Life = 5 years
Annual Net Cash flows = Annual Net Operating Income + Depreciation
Annual Net Cash flows = $485,000 + $583,000
Annual Net Cash flows = $1,068,000
Answer 8.
Simple Rate of Return = Annual Net Income / Initial Investment
Simple Rate of Return = $485,000 / $2,915,000
Simple Rate of Return = 16.64%
Answer 5.
Present Value of Cash Inflows = $1,068,000 * PVA of $1 (16%, 5)
Present Value of Cash Inflows = $1,068,000 * 3.27429
Present Value of Cash Inflows = $3,496,941.72
Profitability Index = Present Value of Cash Inflows / Initial Investment
Profitability Index = $3,496,941.72 / $2,915,000
Profitability Index = 1.20
Answer 7.
Payback Period = Initial Investment / Annual Net Cash flows
Payback Period = $2,915,000 / $1,068,000
Payback Period = 2.73 years
Answer 9.
If the discount rate increases, then net present value will decrease.
So, you would expect the project's net present value to be lower.
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Insurance is a financial service that allows
Answers
Answer:
allows a consumer to transfer risk to a company.
Explanation:
________ is an underlying assumption of cost-volume-profit analysis. A : All units produced are either sold or in ending inventory B : The behavior of both costs and revenues is curvilinear throughout the entire range of the activity index C : All costs can be classified as either variable or fixed with reasonable accuracy D : Changes in activity and other factors affect costs
Answers
Answer:
C : All costs can be classified as either variable or fixed with reasonable accuracy
Explanation:
Cost volume profit analysis (CVP) makes the following assumptions when it is used to determine how any change in costs can affect income:
costs can be classified as fixed or variable, and they are constantrevenues are linear with a given rangeall units produced are soldcosts will only change if output changesBintu has a comparative advantage in the production of:______.
a. bowls and Juba has a comparative advantage in the production of cups.
b. cups and Juba has a comparative advantage in the production of bowls.
c. both goods and Juba has a comparative advantage in the production of neither good.
d. neither good and Juba has a comparative advantage in the production of both goods.
Answers
Answer:
b. cups and Juba has a comparative advantage in the production of bowls.
Explanation:
A company or country could said to have a comparative advantage if t produces a good or service with the lowest possible opportunity costs.
Bintu's opportunity cost of 1 unit of Bowls.
Bintu can produce 2 Bowls or 8 cups.
Therefore; 2 Bowls = 8 cups
We need to make it 1 Bowl, so we divide both sides by 2.
2 Bowls / 2 = 1 Bowl
8 cups / 2 = 4 cups
Hence, 1 bowl = 4 cups
Juba's opportunity cost of 1 unit of Bowls.
Juba can produce 4 Bowls or 6 cups.
Therefore; 4 Bowls = 6 cups
We need to make it 1 Bowl, so we divide both sides by 4.
4 Bowls / 4 = 1 Bowl
6 cups / 4 = 1.5 cups
Hence, 1 bowl = 1.5 cups
We now need to calculate the opportunity cost of 1 unit of cups from Bintu and Juba. This is just the same process as before, but with 1 unit of cup instead.
Bintus's opportunity cost of 1 unit of cups
Bintu can produce 8cups or 2 bowl.
Therefore, 8 cups = 2 bowls.
We need to make it 1 cup, so we divide both sides by 8.
8 cups / 8 = 1 cup
2 bowls /8 = 0.25 bowls.
Hence, 1 cup - 0.25 bowls
Juba's opportunity cost of 1 unit of cups.
Juba can produce 6 cups or 4 bowls.
Therefore, 6 cups = 4 bowls.
We need to make it 1 cup, so we divide both sides by 6.
6 cups /6 = 1 cup
4 bowls / 6 =0.67 bowl
Hence, 1 cup = 0.67 bowl
Now comparative advantage is when either of these two can produce a good with the lowest possible opportunity cost.
From the calculation above, the opportunity cost for bowl is 4 in Bintu and 1.5 in Juba. So since Juba has the lowest opportunity cost for bowls, it, therefore, Juba has a comparative advantage in the production of bowls. In the same way, since cost for Cups in Bintu is 0.25 and that of Juba is 0.67, then Bintu has a comparative advantage in the production of cups
орг. Explain the stages in career development plan.
Answers
Explanation:
About modern career development, there are six stages of modern career development : Assessment , investment , preparation, commitment , retention, and transition .
assessment: in the assessment you are getting ready for life's works. you started to feel like you want to know more about yourself and make a conscious effort to get in touch with you who you really you are.
key task:
Taking assessment instruments. Working with the career counselor or career cough.Investment: In the investment sage you are researching that work exits in the world. But if you approach this stage with the positive frame of mind,you will you find that you will learn that possibility you may have considered.
key tasks:
researching the world of tasks.Evaluating the possible positive and negative outcomes of different
economic decisions is called:
A. marginal cost analysis.
B. cost-benefit analysis.
C. revenue projection analysis.
D. opportunity cost analysis.
Answers
Answer:
marginal cost analysis
Steve Reese is a well-known interior designer in Fort Worth, Texas. He wants to start his own business and convinces Rob O’Donnell, a local merchant, to contribute the capital to form a partnership. On January 1, 2016, O’Donnell invests a building worth $130,000 and equipment valued at $140,000 as well as $60,000 in cash. Although Reese makes no tangible contribution to the partnership, he will operate the business and be an equal partner in the beginning capital balances.
To entice O'Donnell to join this partnership, Reese draws up the following profit and loss agreement:
- O'Donnell will be credited annually with interest equal to 10 percent of the beginning capital balance for the year
- O'Donnell will also have added to his capital account 15 percent of partnership income each year (without regard for the preceding interest figure) or $7,000, whichever is larger. All remaining income is credited to Reese.
- Neither partner is allowed to withdraw funds from the partnership during 2013. Thereafter, each can draw $5,000 annually or 20 percent of the beginning capital balance for the year, whichever is larger.
The partnership reported a net loss of $8,000 during the first year of its operation. On January 1, 2014, Terri Dunn becomes a third partner in this business by contributing $10,000 cash to the partnership. Dunn receives a 20 percent share of the business's capital. The profit and loss agreement is altered as follows:
- O'Donnell is still entitled to (1) interest on his beginning capital balance as well as (2) the share of partnership income just specified.
- Any remaining profit or loss will be split on a 5:5 basis between Reese and Dunn, respectively.
Partnership income for 2014 is reported as $64,000. Each partner withdraws the full amount that is allowed. On January 1, 2015, Dunn becomes ill and sells her interest in the partnership (with the consent of the other two partners) to Judy Postner. Postner pays $75,000 directly to Dunn. Net income for 2015 is $64,000 with the partners again taking their full drawing allowance On January 1, 2016, Postner withdraws from the business for personal reasons. The articles of partnership state that any partner may leave the partnership at any time and is entitled to receive cash in an amount equal to the recorded capital balance at that time plus 10 percent
a. Prepare journal entries to record the preceding transactions on the assumption that the bonus (or no revaluation) method is used. Drawings need not be recorded, although the balances should be included in the closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount.)
b. Prepare journal entries to record the previous transactions on the assumption that the goodwill (or revaluation) method is used. Drawings need not be recorded, although the balances should be included in the closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to the nearest dollar amount.)
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Market research concerns what aspects of your target market:
a) Characteristics
b) Spending habits
c) Location and needs
O d) All of the above
Answers
Answer:
D--All of the above
Explanation:
Just took the quiz.
Market research concerns characteristics, spending habits, location, and needs of the target market. Therefore, option d is correct.
Market research is a systematic process of gathering, analyzing, and interpreting data about a specific target market to gain insights into its characteristics, preferences, behavior, and needs.
It involves various techniques such as surveys, interviews, observations, and data analysis to understand consumer demographics, psychographics, purchasing behavior, and market trends.
The primary goal of market research is to provide businesses with valuable information to make informed decisions regarding product development, pricing, marketing strategies, and overall market positioning.
It helps identify opportunities, assess competition, mitigate risks, and maximize customer satisfaction and profitability in a dynamic and competitive marketplace.
Therefore, option d is correct.
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If the Mount Lemmon fire district attempts to implement age diversity initiatives, but these initiatives are defeated because the district is concerned that younger firefighters will be treated worse as a result, which of the following barriers mentioned in Section 4.6 is this an example of?
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Answer:
Explanation:
fears of reverse discrimination
A formal budget program will almost always result in:
a. higher sales.
b. more cash inflows than cash outflows.
c. decreased expenses.
d. improved profits.
e. a detailed plan against which actual results can be compared.
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Answer:
e. a detailed plan against which actual results can be compared.
Explanation:
A formal budget is a budget that should be planned to accomplish some goals that are targeted with respect to the expenses incurred and the revenue earned.
It provides the standard categorization of expenditure, revenues, losses, should the company earned and incurred in order to make the profit so that the real or actual performance of an organization could be seen and compared with the standard one
Therefore, according to the given situation, the correct option is d.
In an indefinitely repeated game, a firm might use a ________ to ________ a rival that defects from a cooperative strategy. A. trigger strategy; threaten B. trigger strategy; punish C. legal maneuver; sue D. tacit threat; dissuade
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Answer:
Option B is correct
Explanation:
In an indefinitely repeated game, a firm might use a trigger strategy to punish a rival that defects from a cooperative strategy. A trigger strategy threatens other players with a punishment of a worse level if they deviate from the decided action profile.
In this game, players interact repeatedly with each other which might foster cooperation. Repeated games mean a situation in which the same stage game is played at each date.