Thunder Bolt Inc., is a manufacturer of the very popular G36 motorcycles. The management at Thunder Bolt has recently adopted absorption costing and is debating which denominator-level concept to use. The G36 motorcycles sell for an average price of $8,200. Budgeted fixed manufacturing overhead costs for 2012 are estimated at $6,480,000. Thunder Bolt Inc., uses subassembly operators that provide component parts. The following are the denominator-level options that management has been considering:a. Theoretical capacity--based on three shifts, completion of five motorcycles per shift, and a 360-day year--3 x 5 x 360 = 5,400.b. Practical capacity--theoretical capacity adjusted for unavoidable interruptions, breakdowns, and so forth--3 x 4 x 320 = 3,840.c. Normal capacity utilization--estimated at 3,240 units.d. Master-budget capacity utilization--the strengthening stock market and the growing popularity of motorcycles have prompted the marketing department to issue an estimate for 2012 of 3,600 units.Required:1. Calculate the budgeted fixed manufacturing overhead cost rates under the four denominator-level concepts.2. What are the benefits to Thunder Bolt, Inc., of using either theoretical capacity or practical capacity?3. Under a cost-based pricing system, what are the negative aspects of a master-budget denominator level? What are the positive aspects?
Answers
Answer:
Explanation:
Ans1. budgeted fixed manufacturing overhead costs rates:
denominator, level capacity concept budgeted fixed manufacturing overhaed per period budgeted capacity level budgeted fixed manufacturig overhead cost rate ;
theoritical= $6,480,000 5,400$1,200.00
practical 6,48,000 3,840 1,687.50
normal 6,480,000 3240 2,000.00
master - budget 6,480,000 3,600 1,800
The rates are different because of varying denominator- level concepts. theoriitical and practical capacity levels are driven by supply-side concepts,i.e," how much can I produce?" Normal and master budgete capacity levels are driven by demand- side concepts, i.e ," how much can I sell"/
Ans 2 :- The variance that arise from use of the theoritical or practical levels concepts will signal that there is a divergence between for capacity. this is useful input to managers. As a general rule, however , it is important not to place undue reliance on the production volume variance as a measure of the economic costs of unused capacity.
Ans 3:- Under a cost - based pricing system, the choice of a master - budget level deniminator will lead to high prices when demand is low (more fixed costs allocated to the individual product level), further eroding demand ; conversely ,it will lead to low prices when demand ; conversely , it will lead to low prices when demand is high, forgoig profits. This has been refered to as the downward demand spiral- the continuing reduction in demand that occurs when the prices of the competitors are not met and demand drops , resulting in even higher unit costs and even more reluctance to meet the prices of competitors. The positive aspects of the master - budget denominator level are that it is based on demand for the product and indicates the price at which all costs per unit would be recovered to enable teh company to make a profit.Master budget denominator level is also a good bench mark against which to evaluate performance.
Related Questions
Domestic Industries. Inc. is relocating its manufacturing facilities from Ohio to Mexico. What term could we use for this decision?
Group of answer choices
A)Outsourcing
b)Off-shoring
c)Domestic Outsourcing
D)In-sourcing
Answers
B) Off-shoring.
Off-shoring refers to the relocation of a company's business processes or manufacturing facilities from one country to another, often to take advantage of lower labor costs or other economic benefits. In this case, Domestic Industries, Inc. is relocating its manufacturing facilities from Ohio to Mexico, which would be considered an example of off-shoring.
Outsourcing, on the other hand, refers to the practice of hiring an external company to perform business functions or tasks that would traditionally be handled in-house. Domestic outsourcing refers to the hiring of a domestic company to perform outsourced tasks, while in-sourcing refers to the practice of bringing external functions back in-house.
describe the difference between real gdp and nominal gdp.
Answers
Answer:
Nominal GDP measures a country's gross domestic product using current prices, without adjusting for inflation. Contrast this with real GDP, which measures a country's economic output adjusted for the impact of inflation.
FILL IN THE BLANK Dollar Rental Car, Avis, and Hertz compete directly on similar attributes in the same target market, with ______ positioning.
Answers
Dollar Rental Car, Avis, and Hertz compete directly on the same attributes in the same target market, with "head-to-head" positioning.
Head-to-head positioning is a marketing strategy where companies compete directly with each other by emphasizing similar attributes and targeting the same market segment. In the case of Dollar Rental Car, Avis, and Hertz, they are all major players in the car rental industry, offering similar services and targeting similar customers.
To differentiate themselves, they may emphasize factors such as pricing, convenience, availability of certain types of vehicles, or loyalty programs. The goal is to convince customers that their brand offers the best overall value and to win a larger share of the market.
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3. Describe Kenya Airway’s solution to its problem.
What management, organization, and technology
issues had to be addressed by the solution?
Answers
The Kenya Airway’s solution was the use of:
Customer Relationship Management.Sourced funds from Jomo Kenyatta International AirportWhat was the problem at Kenya Airways?Kenya Airways is known to be helped by the government and their loss was said to be linked to the pandemic of 2020 and thus they looked for ways to raise funds.
Note that Kenya Airways had issues with unsatisfactory customer relationship and thus they handle this as they said to fly high with Customer Relationship Management.
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Using the readings for this unit as a guide, discuss what you see as the role of ethics as it pertains to management and managers. Does management, in your view, help shape the values and ethics of an organization? What about an organization’s sustainability efforts and commitment? On whom does the responsibility to consider sustainability fall? Is employee behavior, ethical or not, a by-product of the organization's ethical climate? What ideally is the manager's role in helping to create and maintain organizational integrity?
Answers
Managers must be committed to making decisions in accordance with core values such as honesty, integrity, respect for others, taking responsibility for their actions and being accountable for them. To be an effective, ethical leader, managers must learn how to spot ethical issues in their organization.
Social responsibility is a business's duty to make ethical decisions that positively impact society. Organizations need to consider how their actions affect communities to create long-lasting trusting relationships. In order to be socially responsible, companies must strictly follow their codes of ethics.
Your _____ are the beliefs and principles that define who you are, shape attitudes and choices, and help set priorities
Answers
Answer:
morals
good morals shape your character and makes people speak well of you
The following income statement items appeared on the adjusted trial balance of Schembri Manufacturing Corporation for the year ended December 31, ($ in thousands): sales revenue, $17,100; cost of goods sold, $7,100; selling expenses, $1,390; general and administrative expenses, $890; interest revenue, $160; interest expense, $210. Income taxes have not yet been recorded. The company’s income tax rate is 25% on all items of income or loss. These revenue and expense items appear in the company’s income statement every year. The company’s controller, however, has asked for your help in determining the appropriate treatment of the following nonrecurring transactions that also occurred during ($ in thousands). All transactions are material in amount.
1. Investments were sold during the year at a loss of $220. Schembri also had unrealized gains of $320 for the year on investments.
2. One of the company’s factories was closed during the year. Restructuring costs incurred were $1,200.
3. During the year, Schembri completed the sale of one of its operating divisions that qualifies as a component of the entity according to GAAP. The division had incurred a loss from operations of $560 in 2016 prior to the sale, and its assets were sold at a gain of $1,400.
4. In 2016, the company’s accountant discovered that depreciation expense in 2015 for the office building was understated by $200.
5. Foreign currency translation losses for the year totaled $240.
Required:
a. Prepare Schembri’s single, continuous multiple-step statement of comprehensive income for 2016, including basic earnings per share disclosures. One million shares of common stock were outstanding at the beginning of the year and an additional 400,000 shares were issued on July 1, 2016.
b. Prepare a separate statement of comprehensive income for 2016.
Answers
Answer:
82
Explanation:
it's right lol...
i did the work
Backcountry Adventures is a Colorado-based outdoor travel agent that operates a series of backcountry huts. Currently, the value of the firm is 3.5$ million. But profits will depend on the amount of snowfall: If it is a good year, the firm will be worth 5 $ million, and if it is a bad year it will be worth 2.5$ million. Suppose managers always keep the debt to equity ratio of the firm at 25% and the debt is riskless.
Calculate the percentage change in the value of the firm, its equity and its debt once the level of snowfall is revealed, but before the firm adjusts the debt level to achieve its target debt to equity ratio. The inital amount of debt is equal to 0.74 and equity 2.96
PLEASE FILL OUT THE TABLE AND PROVIDE PRECISE CALCULATIONS
Good state Bad state
Change in firm value 42.86% -28.57%
Change in equity value
Change in debt value
Answers
Answer:
Good state Bad state
Change in firm value 42.86% -28.57%
Change in equity value 26.69% -36.66%
Change in debt value 68.91% -15.54%
Explanation:
The following are given in the question:
Current firm value = $3.5 million
Firm value in good state = $5 million
Firm value in bad state = $2.5 million
Initial debt amount = $0.74 million
Initial equity amount = $2.96 million
Percentage of debt finance = debt to equity ratio = 25%
Percentage of equity finance = 1 - debt to equity ratio = 100% - 25% = 75%
We can therefore calculate as follows:
Percentage change in firm value in good state = [(Firm value in good state - Current firm value) / Current firm value] * 100 = ((5 - 3.5) / 3.5) * 100 = (1.5 / 3.5) * 100 = 42.86%
Percentage change in firm value in bad state = [(Firm value in bad state - Current firm value) / Current firm value] * 100 = ((2.5 - 3.5) / 3.5) * 100 = (-1.00 / 3.5) * 100 = -28.57%
Equity amount in good state = Firm value in good state * Percentage of equity finance = $5 million * 75% = $3.75 million
Percentage change in equity in good state = [(Equity amount in good state - Initial equity amount) / Initial equity amount] * 100 = ((3.75 - 2.96) / 2.96) * 100 = (0.79 / 2.96) * 100 = 26.69%
Equity amount in bad state = Firm value in bad state * Percentage of equity finance = $2.5 million * 75% = $1.875 million
Percentage change in equity in bad state = [(Equity amount in bad state - Initial equity amount) / Initial equity amount] * 100 = ((1.875 - 2.96) / 2.96) * 100 = (-1.085 / 2.96) * 100 = -36.66%
Debt amount in good state = Firm value in good state * Percentage of debt finance = $5 million * 25% = $1.25 million
Percentage change in debt in good state = [(Debt amount in good state - Initial debt amount) / Initial debt amount] * 100 = ((1.25 - 0.74) / 0.74) * 100 = (0.51 / 0.74) * 100 = 68.91%
Debt amount in bad state = Firm value in bad state * Percentage of debt finance = $2.5 million * 25% = $0.625 million
Percentage change in debt in bad state = [(Debt amount in bad state - Initial debt amount) / Initial debt amount] * 100 = ((0.625 - 0.74) / 0.74) * 100 = (-0.115 / 0.74) * 100 = -15.54%
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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The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.
Answers
The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.
1. The US Senate passed the 2022 Defense Authorization Act.
2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.
3. The total amount allocated for the Defense Authorization Act is $768 billion.
4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.
5. The Act represents a 5% increase in the US defense budget when compared to the previous year.
6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.
7. The Act was passed overwhelmingly, indicating strong support from the Senate.
8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.
9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.
10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.
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Which of the following is an example of a price?
a) liquidity
b) operating costs
c) value
Answers
Liquidity is an example of a price. The appropriate response is option A.
What is liquidity ?When a financial asset or security may be quickly and easily converted into cash without depreciating in value, this is referred to as having liquidity. Cash alone is the most liquid of all the assets.
The term "liquidity" describes how quickly and easily a security or asset can be turned into cash without depreciating in value.
The most liquid asset is cash, while the least is tangible goods. Market liquidity and accounting liquidity are the two primary types of liquidity.
The most popular methods for assessing liquidity are current, quick, and cash ratios. The degree to which an item can be swiftly purchased or sold on the market at a price reflecting its intrinsic value is referred to as liquidity.
Due to its ease and speed of conversion into other assets, cash is regarded as the most liquid asset. Real estate, fine art, and collectibles are examples of tangible goods that are all rather illiquid.
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Balance Sheet October 31 Assets Cash $ 36,500 Accounts receivable 87,000 Merchandise inventory 195,300 Property, plant and equipment, net of $624,000 accumulated depreciation 925,000 Total assets $ 1,243,800 Liabilities and Stockholders' Equity Accounts payable $ 259,000 Common stock 760,000 Retained earnings 224,800 Total liabilities and stockholders' equity $ 1,243,800 Q: What is the cost of December merchandise purchases
Answers
Answer:
so hard so hard i cant do this omgod so hard thos is your mom can answer this lol its funny
make this simple and not hard i cant answer this
Select the correct answer.
Which action can help you become an effective learner?
OA enrolling in a graduate program
O B. limiting your learning to what you need for your career
OC. maintaining a positive attitude toward learning
OD. only exploring topics that interest you
Answers
Answer:
c
Explanation:
maintaining a positive attitude toward learning
Maintaining a positive attitude toward learning action can help you become an effective learner. Thus, option (c) is correct.
What is learning?The process of gaining new understanding, information, actions, abilities, values, perspectives, and preferences is known as learning. Humans, creatures, and some robots all have the potential to learn, and there is evidence that certain plants can learn as well. The process of acquiring new skills, information, knowledge, and values is known as education.
As an individual learns, a good attitude allows you to relax, remember, focus, and absorb information. When setbacks or obstacles occur, they will motivate those closest to them to do their all and help to drive projects forward. The best method to learn is to maintain a good attitude toward learning.
Therefore, option (c) is correct.
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In a process used by Kane Company, conversion cost is incurred uniformly throughout the process. Material is added at the end of the process. Which of the following statements is true?
Answers
The True statement is that "Kane Company must calculate the unit cost of materials and the unit conversion cost separately." Option B
This is further explained below.
What is a conversion cost ?Generally, The manufacturing expenses that are incurred in the process of transforming raw materials into finished goods are referred to as conversion costs.
In cost accounting, the idea is used to determine the value of ending inventory, which is subsequently stated in the balance sheet. This value is then reflected in the financial statements.
The calculation of the unit cost of materials and the unit conversion cost separately will allow for the best overview of the manufacturing process
In conclusion, The assertion that "Kane Company must compute the unit cost of materials and the unit conversion cost separately" is one that is deserving of the label "true." Alternative B
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CQ
In a process used by Kane Company, conversion cost is incurred uniformly throughout the process.
Material is added at the end of the process. Which of the following statements is true?
a. Kane Company cannot use process costing and must use job-order costing.
b. Kane Company must calculate the unit cost of materials and the unit conversion cost
separately.�
c. Kane Company will report the cost of materials with the cost of the ending inventory.
d. Kane Company uses parallel processing.
If the monthly income of the IBM employees follows a SYMMETRICAL NORMAL distribution, with a median of $5000 and a standard deviation of $200. What would be the mean monthly income? *
Answers
Answer: mean monthly income = $5000
====================================================
Explanation
In any normal distribution, the median and mean are the same value.
-------------
The proof is as follows:
If mean > median was the case, then the distribution would be skewed to the right (ie positively skewed). The right tail is pulled longer than the left tail. But this would contradict the symmetrical nature of the normal distribution. So mean > median must not be the case.
If mean < median, then the distribution would be skewed to the left (negatively skewed). Visually this pulls the left tail longer than the right tail. Like in the previous paragraph, this contradicts the symmetrical nature of the normal distribution. So mean < median must not be the case.
Since mean > median cannot be true, and neither can mean < median, this must indicate mean = median.
-------------
So in short, any symmetrical distribution always has mean = median and they are at the very center of the distribution.
Perdon Corporation manufactures safes-large mobile safes, and large walk-in stationary bank safes. As part of its annual budgeting
process, Perdon is analyzing the profitability of its two products. Part of this analysis involves estimating the amount of overhead to be
allocated to each product line. The information shown below relates to overhead.
Mobile Safes Walk-in Safes
200
50
300
200
Units planned for production
Material moves per product line
Purchase orders per product line
Direct labor hours per product line
450
350
800
1,700
(a)
* Your answer is incorrect.
The total estimated manufacturing overhead was $280,000. Under traditional costing (which assigns overhead on the basis of
direct labor hours), what amount of manufacturing overhead costs are assigned to: (Round answers to 2 decimal places, eg. 12.25.)
(1)
One mobile safe
$
350
per unit
(2)
One walk-in safe
$
1647
per unit
Answers
Under the traditional costing method (which assigns overhead on the basis of direct labor hours), the amount of manufacturing overhead costs assigned to the following by Perdon Corporation are:
1) One mobile safe $448 per unit
2) One walk-in safe $3,808 per unit
What is a predetermined overhead rate?A predetermined overhead rate is used by the traditional costing method, unlike the Activity-based costing system (ABC), which uses activity drivers and cost pools.
The traditional costing method assigns overhead costs based on a companywide cost driver, for example, direct labor hours.
Data and Calculations:Total overhead = $280,000
Mobile Safes Walk-in Safes Total
Units planned for production 200 50 250
Material moves per product line 300 200 500
Purchase orders per product line 450 350 800
Direct labor hours per product line 800 1,700 2,500
Predetermined overhead rate per direct labor hour = $112 ($280,000/2,500).
Total overhead costs assigned to $89,600 $190,400
($112 x 800) ($112 x 1,700)
Overhead per unit $448 $3,808
($89,600/200) ($190,400/50)
Thus, under the traditional costing method, the amount of manufacturing overhead costs assigned are $448 per unit of Mobile Safe and $3,808 per unit of Mobile Safe.
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Poehling Medical Center has a single operating room that is used by local physicians to perform surgical procedures. The cost of using the operating room is accumulated by each patient procedure and includes the direct materials costs (drugs and medical devices), physician surgical time, and operating room overhead. On January 1 of the current year, the annual operating room overhead is estimated to be: Disposable supplies $278,900 Depreciation expense 69,800 Utilities 29,800 Nurse salaries 259,300 Technician wages 118,200 Total operating room overhead $756,000 The overhead costs will be assigned to procedures, based on the number of surgical room hours. Poehling Medical Center expects to use the operating room an average of eight hours per day, seven days per week. In addition, the operating room will be shut down two weeks per year for general repairs. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.1. Determine the predetermined operating room overhead rate for the year.
2. Bill Harris has a five-hours procedure on Jan 22. How much operating room overhead would be charged to his procedure, using the rate determined in part 1?
3. During January, the operating room was used 240 hours. The actual overhead costs incurred for January were $67,250. Determine the overhead under or over applied for the period.
Answers
Answer:
Results are below.
Explanation:
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Total number of surgical room hours= (8*7)*52= 2,912 hours
Predetermined manufacturing overhead rate= 756,000 / 2,912
Predetermined manufacturing overhead rate= $259.61 per surgical room hour
Now, we can allocate costs using the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 259.61*5
Allocated MOH= $1,298.05
Finally, the under/over allocation for January:
Under/over applied overhead= real overhead - allocated overhead
Allocated overhead= 259.61*240= $62,306.4
Under/over applied overhead= 67,250 - 62,306.4
Underapplied overhead= $4,943.6
A form of advertising that uses rational arguments to communicate why consumers need a specific product by highlighting the benefits associated with the use of that product
Answers
Benefits are significant because they respond to your client's inquiry, "Why should I care about what you have?" Instead of just listing what you have to offer, explain to your customer how your good or service will improve their life in a meaningful way.
What is the importance of knowing the product details before you purchase it?The most crucial sales tool is product knowledge. It is challenging to persuade a customer that a particular product will meet their needs by outlining its benefits or drawbacks. This includes having knowledge of the statistics, advantages, and rivals.
You want your goods or services to have characteristics that clients consider to be worthwhile advantages. You'll boost your sales and profits by emphasizing benefits in your marketing and sales efforts. Remember that customers purchase goods and services in order to satisfy a need or solve a problem.
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Explain the meaning of environmental scanning. Illustrate with examples the
relevance of technological, political, economic, social, and regulatory environments
in the context of marketing strategy. How managers are involved in environmental
scanning?
Answers
Environmental scanning refers to the process of gathering and analyzing information about the external factors that can impact an organization's business environment.
Technological factors include advancements in technology, such as the rise of e-commerce, mobile applications, or automation, which can create new marketing channels or change consumer behaviors.
Political factors encompass government policies, regulations, and political stability that can impact marketing strategies. For example, changes in trade policies or regulations related to data privacy can influence international marketing activities.
Economic factors include economic conditions, such as inflation rates, exchange rates, or consumer purchasing power, which can affect consumer behavior and demand for products or services.
Social factors refer to societal trends, cultural norms, and consumer preferences that can influence marketing strategies. For instance, shifts in consumer values towards sustainability or increased focus on health and wellness can shape product development and advertising campaigns.
Regulatory factors involve laws and regulations that organizations must comply with, such as consumer protection laws or industry-specific regulations. These can impact marketing activities, advertising content, or product labeling.
Managers play a crucial role in environmental scanning. They are responsible for monitoring and analyzing the external environment, identifying relevant trends and potential opportunities, and making informed decisions based on the insights gained.
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Taisha operates equipment to transfer oil from one container to another. Her job title is best described as
Spencer manages the flow of electricity through substations and distribution lines. His job title is best described as
Mariko maintains cables and supporting structures for transmitting electricity. Her job title is best described as
Fred operates equipment to transfer hydrogen through pipelines. His job title is best described as
Answers
Answer:
she would be the pump opperater
Explanation:
Answer:pump operator
Power dispatcher
Electrical power-line repairer
Gas pumping station operator
Explanation:
________ is a common sales indicator which tells how well the hotel has fully utilized the room resources to maximize profit.
Answers
GOPPAR is a common sales indicator which tells how well the hotel has fully utilized the room resources to maximize profit.
Gross operating profit per available room is a hospitality enterprise metric that measures the connection between a hotel's sales and fees, offering a higher photograph of your inn's monetary health
GOPPAR is the abbreviation for gross running profit per to be had room, a key overall performance indicator for the inn enterprise.
First, you need to parent out the lodge or hotel's gross operating earnings. To do that, subtract operating prices from gross sales. From there, surely divide the motel's gross running earnings by means of the full wide variety of to be had rooms.
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Suppose you have $1,000 to invest over a 10-year period. Explain under what circumstances you would buy penny stocks or junk bonds as an investment. In your answer, explain why an investment with greater risk, such as a penny stock, will likely have a lower market price but an uncertain rate of return.
Answers
Answer:
Explanation:
There is only one circumstance in which I (personal opinion) would be willing to place my money in penny stocks and that is If the money is extra money that is only an extremely small percent of my overall portfolio and I am ok loosing it completely. That is because penny stocks are stocks from new companies that basically have an idea and are just starting out. The rate of return can be massive on these stocks but they can also go bankrupt and you can loose all your money just as fast. Therefore, they are incredibly risky investments.
Mr. Gonzales has made beginning-of-year deposits into an investment account for the past 21 years. Each deposit was $5500, and the account earned interest at a rate of 4.5% APR, compounded quarterly, each year. Having made his last deposit one year ago, he now plans to transfer all of the accumulated funds today into a money-market account that earns an APR of 1.50% compounded quarterly. If he plans to withdraw $4000 from the account at the end of each quarter for the next 9 years (36 quarters), what will be the account balance total exactly seven years from now, immediately after he makes the last quarterly withdrawal
Answers
Answer:
Mr. Gonzales has made beginning-of-year deposits into an investment account for the past 21 years. Each deposit was $5500, and the account earned interest at a rate of 4.5% APR, compounded quarterly, each year. Having made his last deposit one year ago, he now plans to transfer all of the accumulated funds today into a money-market account that earns an APR of 1.50% compounded quarterly.
1. Why do we need emotions when we make decision?
2. Why do you think the reason and impartialty are minimum requirements in decision making?
Answers
To keep people trusting in the decision-making process, there must be the illusion of impartiality. When there is a conflict of interest, you shouldn't participate in the decision-making process.
Why are feelings necessary for moral decision-making?Emotional processes influence moral judgement by giving moral decision-making scenarios an affective value, which helps to define what behaviours are acceptable and unacceptable (Haidt, 2001).
What do reason and objectivity in morality mean? Why are impartiality and reason considered to be the bare minimum of morality?It is a basic justice principle. Giving equal and/or sufficient regard to the interests of all parties involved is necessary according to the impartiality moral theory. It is predicated on the idea that everyone is, usually speaking, equally significant and that no one is viewed as having more intrinsic value than another.
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* Distinguish between Accounts Receivable and
Account Payable.
Answers
Explanation:
Accounts receivable is money owed to a company by its debtors.
Account payable amounts due to vendors or suppliers for goods or services received that have not been yet paid for.
Answer:
Accounts receivable are the amounts owed to a company by its customers. it is an asset to the company
accounts payable are the amounts that a company owes to its suppliers.it is a liability to the company
Explanation:
Yes! Assuming Economia's aggregate supply curve is upward sloping, when the aggregate demand curve shifts rightward, this will:
Answers
When the aggregate demand curve shifts rightward, this will increase Economia's real output and the price level.
What happens when the aggregate demand shifts rightward?
The aggregate demand curve is a curve that shows the total quantity of all goods and services demanded by the economy at different price levels. The aggregate demand curve slopes downward.
When aggregate demand curve shifts to the right, there would be an increase in the real output and the price levels.
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Management team of Wolverine Corp. is considering the purchase of a new piece of equipment. They believe that new equipment is more efficient and would result in cost savings. Management estimates that the cost savings from the new equipment would result in an annual increase in net income of $200,000. The new equipment will have an initial cost of $1,200,000 and have an 8 year life. The salvage value of the new equipment is estimated to be $200,000. The hurdle rate is 10%. Ignore income taxes.
a. What is the accounting rate of return?
b. What is the payback period?
c. What is the net present value?
d. What would the net present value be with a 15% hurdle rate?
Answers
Answer:
Wolverine Corp.
a. The accounting rate of return = 50%
b. The payback period = 6 years ($200,000 * 6)
c. The net present value = ($39,600)
d. The net present value at 15% = ($237,200)
Explanation:
a) Data and Calculations:
Initial investment cost in new equipment = $1,200,000
Annual incremental net income from cost savings = $200,000
Salvage value of the new equipment = $200,000
Estimated useful life of equipment = 8 years
Hurdle rate = 10%
a. Accounting rate of return = (($200,000 * 8 + $200,000) - $1,200,000)/$1,200,000
= ($1,800,000 - $1,200,00)/$1,200,000
= $600,000/$1,200,000 * 100 = 50%
NPV at 10% hurdle rate:
Initial investment = $1,200,000 * 1 = $1,200,000
Annual incremental savings:
= $200,000 * 5.335 = $1,067,000
Salvage value = $200,000 * 0.467 93,400
Total benefits $1,160,400
NPV = ($39,600)
NPV at 15% hurdle rate:
Initial investment = $1,200,000 * 1 = $1,200,000
Annual incremental savings:
= $200,000 * 4.487 = $897,400
Salvage value = $200,000 * 0.327 65,400
Total benefits $962,800
NPV = ($237,200)
If the sales tax rate is 7.25% in New York State, then how much sales tax would you pay in Albany for a $34 pair of pants?
Answers
Answer:
2.51
Explanation: youre welcome
Employees are an example of a?
Answers
An employee is an example of a person that is paid by an organization based on the work done for a period of time
Who are the employees?An employee is an individual recruited into an organization and paid to work for such an orgnization.
Employees used their hard and soft skills to support the organizational mission, vision, and objectives.
Hence we can conclude that an employee is an example of a person that is paid by an organization based on the work done for a period of time
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Employees are an example of a workforce. Employees are an example of a resource in the context of a business or organization. Resources refer to the various inputs or factors that are utilized to accomplish goals, create products or services, and drive the overall functioning of a company.
In this case, employees are considered a vital resource for most organizations. Employees contribute their skills, knowledge, labor, and expertise to the operations of a business. They are responsible for executing tasks, implementing strategies, providing services, and producing goods. Employees play a crucial role in the day-to-day activities and long-term success of a company. As a resource, employees bring value to the organization through their abilities, qualifications, and experience. They contribute to the production process, innovation, customer service, problem-solving, decision-making, and many other aspects of the business.
Their performance and dedication can directly impact the productivity, efficiency, and profitability of the company. Moreover, employees can also be considered as human capital, which highlights their potential for growth, development, and learning. Companies invest in their employees through training programs, professional development initiatives, and fostering a positive work environment to enhance their skills and capabilities.
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At the end of the car model year, what source of financing for a new car would probably have the best terms? Select only one answer.
1.) a collateral loan from a bank
2.) a collateral loan from the car company
3.) a home equity loan
4.) revolving credit line
Answers
The source of financing for a new car would probably have the best terms is a collateral loan from a bank. Thus, option first is correct.
Why do lenders ask for collateral while lending?Collateral is an asset or kind of tangible wealth owned by the borrower, such as a home, cattle, or automobile. Banks make loans to borrowers on the basis of these assets. The collateral acts as a kind of security for the lender.
Banks are one of the most common forms of automobile finance, with around 40% of all car purchasers obtaining a loan from them. Because each bank analyzes risk differently, interest rates might vary significantly.
A bank collateral loan would most likely offer the finest conditions for financing a new automobile. As a result, option one is correct.
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