Answer: True
Explanation:
Fiscal policy refers to the government suing taxation and spending policies to influence the economy of a country. If the government wants to improve production, they reduce taxes and increase spending and if they want to reduce production, they increase taxes and reduce spending.
Fiscal policy proponents believe that the government is right to use fiscal policy to correct the market because its effect is more direct. John Maynard Keynes was one of the most famous proponent for Fiscal policy.
A major distinction between a conventional bank and an Islamic bank is that Islamic banks __ are allowed to charge higher interest on loans. cannot accept private deposits. cannot pay or charge interest. are not subject to any form of law,
Answer:
cannot pay or charge interest.
Explanation:
Islamic banks are banks that are based on Islamic laws or Sharia laws which is found in the Qur'an.
In Islamic banking, all banking transactions must be compliant with the Sharia laws.
Islamic banks differ from conventional banks in that :
1. they prohibit usury : Usury is charging interest on loans
2. they prohibit all forms of speculation : Islamic laws prohibit all forms of gambling
3. Investments in items that are not allowed in the Qur'an e.g. alcohol
Islamic bank use equity participation to make money. When an Islamic bank lends money to a business, instead of charging interest on the loan, the receive equity in that business and are entitled to a part of the company's shares
The summarized balance sheets of Blossom Company and Nash Company as of December 31, 2021 are as follows:
Blossom Company Balance Sheet December 31, 2021
Assets $1750000
Liabilities $170000
Capital stock 875000
Retained earnings 705000
Total equities $1750000
Nash Company Balance Sheet December 31, 2021
Assets $1280000
Liabilities $280000
Capital stock 890000
Retained earnings 110000
Total equities $1280000
If Blossom Company acquired a 20% interest in Nash Company on December 31, 2021 for $300000 and the equity method of accounting for the investment were used, the amount of the debit to Equity Investments (Nash) would have been:__________
a. $300000.
b. $200000.
c. $256000.
d. $178000.
Answer:
The amount of the debit to Equity Investments (Nash) would have been:__________
b. $200,000.
Explanation:
a) Data and Calculations:
Blossom Company Balance Sheet December 31, 2021
Assets $1750000
Liabilities $170000
Capital stock 875000
Retained earnings 705000
Total equities $1750000
Nash Company Balance Sheet December 31, 2021
Assets $1280000
Liabilities $280000
Capital stock 890000
Retained earnings 110000
Total equities $1280000
Nash's net assets = $1,000,000 ($1,280,000 - $280,000)
Equity investment = 20% of $1,000,000 = $200,000
Goodwill on acquisition = $100,000 ($300,000 - $200,000)
he following transactions are for Alonzo Company.
1. On December 3, Alonzo Company sold $500,000 of merchandise to Artis Co. on account. The cost of the merchandise sold was $330,000.
2. On December 8, Artis Co. returned $25,000 of merchandise purchased on December 3. The cost of the goods was $16,000.
3. On December 13, Alonzo Company received the balance due from Artis Co.
Prepare a tabular summary to record these transactions for Alonzo Company using a perpetual inventory system. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
Assets
=
Liabilities
+
Stockholders' Equity
Retained Earnings
Date
Cash
+
Accts.
Rec.
+
Inventory
=
Accts.
Pay.
+
Common Stock
+
Rev.
-
Exp.
Answer:
1. Dec. 3
Dr Account Receivable $500,000
Cr Sales Revenue $500,000
Dr Cost of goods sold $330,000
Cr Inventory $330,000
2. Dec. 8
Dr Sales Returns and Allowances $25,000
Cr Accounts Receivable $25,000
3. Dec. 13
Dr Cash $470,250
Cr Sales Discounts $4,750
Cr Accounts Receivable $475,000
Explanation:
Preparation of a tabular summary to record these transactions for Alonzo Company using a perpetual inventory system
1. Dec. 3
Dr Account Receivable $500,000
Cr Sales Revenue $500,000
(To record the sales on account)
Dr Cost of goods sold $330,000
Cr Inventory $330,000
(To record the cost of goods sold)
2. Dec. 8
Dr Sales Returns and Allowances $25,000
Cr Accounts Receivable $25,000
(To record the Sales return and allowance)
3. Dec. 13
Dr Cash $470,250
($475,000 - $4,750)
Cr Sales Discounts $4,750
[($500,000 - $25,000) * 1%]
Cr Accounts Receivable $475,000
($500,000 - $25,000)
(To record the balance due from Arte Co.)
An important sustainability issue that has received much more scrutiny in recent years is the: focus on adequate inventory levels. reduction in packaging waste by using alternate materials. effort to move warehouse storage closer to consumers. emphasis on materials handling and warehouse design. none of the above
Answer:
reduction in packaging waste by using alternate materials.
Explanation:
An important sustainability issue that has received much more scrutiny in recent years is the reduction in packaging waste through the use of alternative materials. You can see this happening through new laws that prohibit the use of plastic bags in supermarkets and plastic drinking straws, for example.
There are several companies that seek the use of biodegradable packaging, even if these are not provided for by law. Companies seek to adopt sustainable actions in their processes to demonstrate to their stakeholders that they follow ideal standards of environmental preservation and social awareness. This is a positive type of marketing for companies, as the population is more aware and wants to consume more from environmentally responsible companies.These companies then become more valued by their consumers and consequently more competitive and well positioned in the market
Tin Roof's net cash flows for the next three years are projected at $72,000, $78,000, and $84,000, respectively. After that, the cash flows are expected to increase by 3.2 percent annually. What is the value of the firm if the WACC is 9.32%
Answer:
$1,279,622.65
Explanation:
The value of the company is the present value of its future cash flows for the three-year planning horizon plus the present value of its continuing value beyond year 3, all discounted using the WACC as the appropriate discount rate.
continuing value=year 3 cash flow*(1+terminal growth rate)/(WACC-terminal growth rate)
continuing value= $84,000*(1+3.2%)/(9.32%-3.2%)=$1,416,470.59
present value of continuing value=$1,416,470.59/(1+9.32%)^3=$1,084,198.23
present value of 3-year cash flows=$72000/(1+9.32%)^1+$78,000/(1+9.32%)^2+$84,000/(1+9.32%)^3
present value of 3-year cash flows=$195,424.42
value of the company=$1,084,198.23+$195,424.42
value of the company=$1,279,622.65
Ponzi Products produced 100 chain-letter kits this quarter, resulting in a total cash outlay of $10 per unit. It will sell 50 of the kits next quarter at a price of $11, and the other 50 kits in the third quarter at a price of $12. It takes a full quarter for Ponzi to collect its bills from its customers. (Ignore possible sales in earlier or later quarters.)
a. What is the net income for Ponzi next quarter?
b. What are the cash flows for the company this quarter?
c. What are the cash flows for the company in the third quarter?
d. What is Ponzi’s net working capital in the next quarter?
Answer:
Ponzi Products
a) Net income for the next quarter:
= $50
b) Cash outflow for this quarter = $1,000
c) Cash inflow in the third quarter = $550
d) Net working capital in the next quarter = $550
Explanation:
a) Production of chain-letter kits for the quarter = 100 units
Total production cost (outlay) = $1,000 (100 * $10)
Sales in the second quarter = $550 (50 * $11)
Sales in the third quarter = $600 (50 * $12)
Cash collections:
Third quarter = $550
Fourth quarter = $600
a) Net income for the next quarter:
Sales revenue = $550
Production cost 500 ($1,100 * 50/100)
Net income = $50 ($550 - $500)
b) Cash outflow for this quarter = $1,000
c) Cash inflow in the third quarter = $550
d) Net working capital in the next quarter = $550
A fixed asset with a cost of $41,000 and accumulated depreciation of $36,500 is traded for a similar asset priced at $60,000. Assuming a trade-in allowance of $3,000, the recognized loss on the trade is
Answer:
1,500
Explanation:
The fixed assets cost is $41,000
The accumulated depreciationn is $36,500
Similar assets was priced at $36,000
Trade in allowance is $3000
Therefore the recognised law on trade can be calculated as follows
41,000-36,500-3,000
= 1,500
Toàn cầu hóa có ảnh hưởng gì đến thế giới
Answer:
1. Globalization encourages economic growth within a country.
2. Globalization encourages the specialization of goods (product specialization) and as such facilitating the production of quality goods.
3. Globalization increases the types of goods and services that are made available in different countries around the world.
Explanation:
Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace.
Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.
Some of the ways in which globalization affects the world include the following;
1. Globalization encourages economic growth within a country.
2. Globalization encourages the specialization of goods (product specialization) and as such facilitating the production of quality goods.
3. Globalization increases the types of goods and services that are made available in different countries around the world.
Papermill Plc was acquired by a private equity firm, whose investment horizon is 5 years and minimum IRR requirement is 20.0%. The private equity firm estimates the exit EBITDA and exit EV EBITDA multiple to be 1,200.0 and 11.0x, respectively. The EBITDA at entry is 1,100.0 and the amount of debt financing raised at entry is 7.0x EBITDA. The cash flow model built by the private equity firm estimates the debt to be 5.0x EBITDA at exit. Using the assumptions above, estimate the equity funding of the deal at entry.
Sales 1,000.0
Cost of goods sold 600.0
Selling, general and administration 100.0
Interest expense 50.0
Tax expense 75.0
The estimated equity funding of the deal at entry is $2,893.52
EV means Enterprise value
EBITDA means Earnings Before Interest, Taxes, Depreciation, and Amortization
Given that the private equity firm estimates that:
Exit EBITDA = 1,200
EV / EBITDA = 11.0x
To derive EV from the EV / EBITDA, then EV / EBITDA is multiplied by EBITDA.
EV = EV / EBITDA * EBITDA (i.e.)
EV = 11 * 1,200
EV = 13,200
Given that the private equity firm estimates the debt to be 5.0x EBITDA at exit.
Debt = 5.0 * EBITDA at exit
Debt = 5.0 * 1,200
Debt = 6,000
To derive the equity value at exit, the debt is subtracted from the EV
Equity value at exit = EV - Debt
Equity value at exit = 13,200 - 6,000
Equity value at exit = 7,200
The equity funding of the deal at entry will be derived using this formula "Equity value at exit / (1 + IRR)^n" where IRR is 20% and n is 5 years
Equity funding of the deal at entry = 7,200 / (1 + 20%)^5
Equity funding of the deal at entry = 7,200 / (1 + 0.20)^5
Equity funding of the deal at entry = 7,200 / (1.20)^5
Equity funding of the deal at entry = 7,200 / 2.48832
Equity funding of the deal at entry = 2893.518518518519
Equity funding of the deal at entry = $2,893.52 (approx).
Learn more about equity funding here https://brainly.com/question/22362241
A bond issue with a face amount of $1,100,000 bears interest at the rate of 7%. The current market rate of interest is 8%. These bonds will sell at a price that is:
Answer:
d. Less than $1,100,000
Explanation:
Here are the options
Equal to $100,000 O
O More than $100,000 o
O The answer cannot be determined from the information provide
d. Less than $1,100,000
If the current interest market rate is greater than the bonds coupon rate the bond is selling at a discount
If the current interest market rate is less than the bonds coupon rate the bond is selling at a premium
If a bond’s coupon rate is equal to its current interest market rate, then the bond is selling at par.
Why should you think of your résumé as a marketing document?
Explanation:
A résumé is a marketing document that represents you when you are not there. A résumé quantifies your accomplishments and proves your worth to your future employer by proving your worth to your previous employer.
Rachelle transfers property with a tax basis of $740 and a fair market value of $935 to a corporation in exchange for stock with a fair market value of $620 and $93 in cash in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $222 on the property transferred. What is the corporation's tax basis in the property received in the exchange
Answer:
$927
Explanation:
Calculation to determine the corporation's tax basis in the property received in the exchange
The corporation's TAX BASIS in the property received in the exchange will be TAX BASIS of $740 plus gain recognized of $187 Calculated as ($935-$740) and Assuming the corporation sells the property for the amount of $935, the gain recognized will be $187.
Therefore the corporation's tax basis in the property received in the exchange will be :
Corporation's tax basis=Tax Basis +Gain recognized
Corporation's tax basis=$740+($935-$740)
Corporation's tax basis=$740+$187
Corporation's tax basis=$927
Pasha works for a manufacturing company in a small town. He reports to his manager that the company is not fulfilling its commitment to the community to reduce pollutants. His manager tells him to ignore the issue and not tell anyone. This is an example of a(n)___________. approach to social responsibility.
a. defensive
b. accommodative
c. reactive
d. obstructionist
e. proactive
Answer:
d. obstructionist
Explanation:
Since in the question it is given that pasha reported his manager that company is not able to fulfill the commitment in order to decrease pollution but the manager said that ignore this issue also dont tell anyone so this represent an obstructionist approach as the firm or the company avoids the social environmental problems so indirectly it breaks the law and their conduct is to be considered as an unethical
Therefore, the option d is correct
Ngân hàng thương mại có tỷ lệ an toàn vốn tối thiểu là 8% và tỷ suất sinh lời trên tài sản có hằng năm như sau : năm 1998 có ROA là 14.3% , năm 1999 có ROA là 17.0% , năm 2000 có ROA là 15.1% , năm 2001 có ROA là 12.2% , năm 2002 có ROA 9.8%, năm 2003 có ROA là 7.5% , năm 2004 có ROA là 13.8% , năm 2005 có ROA là 13.5% , năm 2006 có ROA là 16.3% , năm 2007 có ROA là 15.7% , năm 2008 có ROA là 15.8% , năm 2009 có ROA là 16.0% , năm 2010 có ROA là 14.9% , năm 2011 có ROA là 14.6% , năm 2012 có ROA là 12.4% . yêu cầu : ước lượng chỉ số Z đánh giá nguy cơ phá sản ?
Answer:
???????
Explanation:
If the economy is in an expansionary period, appropriate policies to pursue may include: Group of answer choices an income tax cut that shifts the AD curve to the right. consumer investment incentives that shift the AD curve to the right business investment incentives that shift the AD curve to the left. a reduction in government spending that shifts the AD curve to the left.
Answer:
curve to the right business investment incentives
The following cost behavior patterns describe anticipated manufacturing costs for 2013: raw material, $8.10/unit; direct labor, $11.10/unit; and manufacturing overhead, $373,100 $9.10/unit. Required: If anticipated production for 2013 is 41,000 units, calculate the unit cost using variable costing and absorption costing. (Round your answers to 2 decimal places.)
Answer:
Variable costing $28.3
Absorption costing $37.4
Explanation:
Calculation to determine the unit cost using variable costing and absorption costing.
VARIABLE COSTING
Material $8.10/unit
Direct labor $11.10/unit;
Variable manufacturing overhead per unit $9.10/unit
Units cost $28.3
ABSORPTION COSTING
Material $8.10/unit
Direct labor $11.10/unit;
Variable manufacturing overhead per unit $9.10/unit.
Fixed manufacturing overhead per unit $9.10/unit.
($373,100 ÷ 41,000 units)
Units cost $37.4
Therefore the unit cost using variable costing and absorption costing are:
Variable costing $28.3
Absorption costing $37.4
HOW CAN I CREATE A PERFECT SALES STRATEGY?
Answer:
B2B marketers and businesses are using LinkedIn automation to strengthen their sales and marketing strategy.
Here is how;
Engage With The Right AudienceTake Advantage of LinkedIn GroupsSend Personlized Outreach MessagesMost of the lead generation and sales tactics on LinkedIn require a lot of time if you choose to do them manually.
Hixson Company manufactures and sells one product for $34 per unit. The company maintains no beginning or ending inventories and its relevant range of production is 20,000 units to 30,000 units. When Hixson produces and sells 25,000 units, its unit costs are as follows:
Amount Per Unit
Direct materials $8.00
Direct labor $5.00
Variable manufacturing overhead $1.00
Fixed manufacturing overhead $6.00
Fixed selling expense $3.50
Fixed administrative expense $2.50
Sales commissions $4.00
Variable administrative expense $1.0
Required:
1. For financial accounting purposes, what is the total amount of product costs incurred to make 25,000 units? What is the total amount of period costs incurred to sell 25,000 units?
2. If 24,000 units are produced, what is the variable manufacturing cost per unit produced? What is the average fixed manufacturing cost per unit produced?
3. If 26,000 units are produced, what is the variable manufacturing cost per unit produced? What is the average fixed manufacturing cost per unit produced?
4. If 27,000 units are produced, what are the total amounts of direct and indirect manufacturing costs incurred to support this level of production?
5. What total incremental manufacturing cost will Hixson incur if it increases production from 25,000 to 25,001 units?
6. What is Hixson’s contribution margin per unit? What is its contribution margin ratio?
7. What is Hixson’s break-even point in unit sales? What is its break-even point in dollar sales?
8. How much will Hixson’s net operating income increase if it can grow production and sales from 25,000 units to 26,500 units?
9. What is Hixson’s margin of safety at a sales volume of 25,000 units?
10. What is Hixson degree of operating leverage at a sales volume of 25,000 units?
Answer:
Hixson Company
1. Total amount of product costs incurred to make 25,000 units is:
= $500,000
Total amount of period costs incurred to sell 25,000 units is:
= $187,500
2. Variable manufacturing cost per unit of 24,000 units is:
= $14.00
The fixed manufacturing cost per unit is:
= $6.25
3. The variable manufacturing cost per unit is:
= $14.00
The fixed manufacturing cost per unit produced is:
= $5.77
4. If 27,000 are produced, the total amounts of direct and indirect manufacturing costs incurred to support this level of production are:
Direct manufacturing costs = $378,000
Indirect manufacturing costs = $150,000
5. The total incremental manufacturing cost that Hixson will incur if it increases production from 25,000 to 25,001 units is:
= $14.
6. Contribution margin per unit is:
= $15
Contribution margin ratio is:
= 44%
7. Break-even point in unit sales is:
= 20,000 units
Break-even point in dollars sales = $300,000/44.1176%
= $680,000
8. The net operating income will increase to $97,500 ($15 * 6,500)if it can grow production and sales from 25,000 to 26,500.
9. Hixson's margin of safety at sales volume of 25,000 units is:
= $170,000
10. Degree of operating leverage at a sales volume of 25,000 units is:
= 3.85
Explanation:
a) Data and Calculations:
Selling price per unit = $34
Production and sales unit = 25,000 units
Unit costs at 25,000 units
Per Unit
Direct materials $8.00
Direct labor $5.00
Variable manufacturing overhead $1.00
Fixed manufacturing overhead $6.00
Fixed selling expense $3.50
Fixed administrative expense $2.50
Sales commissions $4.00
Variable administrative expense $1.00
Total cost per unit $31.00
Product costs (financial accounting):
Per Unit
Direct materials $8.00
Direct labor $5.00
Variable manufacturing overhead $1.00
Fixed manufacturing overhead $6.00
Total product costs per unit $20.00
Period costs:
Fixed selling expense $3.50
Sales commissions $4.00
Total selling period costs per unit $7.50
1. Total amount of product costs incurred to make 25,000 units is:
= $500,000 ($20 * 25,000)
Total amount of period costs incurred to sell 25,000 units is:
= $187,500 ($7.50 * 25,000)
2. Variable manufacturing cost per unit of 24,000 units is:
= $14.00
The fixed manufacturing cost per unit is:
= $6.25 ($6 * 25,000/24,000)
3. The variable manufacturing cost per unit is:
= $14.00
The fixed manufacturing cost per unit produced is:
= $5.77 ($6 * 25,000/26,000)
4. If 27,000 are produced, the total amounts of direct and indirect manufacturing costs incurred to support this level of production are:
Direct manufacturing costs = $378,000 ($14 * 27,000)
Indirect manufacturing costs = $150,000 ($6 * 25,000)
5. The total incremental manufacturing cost that Hixson will incur if it increases production from 25,000 to 25,001 units is $14.
Contribution margin per unit:
Selling price = $34
Variable costs = 19
Contribution = $15
6. Contribution margin per unit is $15 ($34 - $19).
Contribution margin ratio is 44% ($15/$34 * 100)
7. Break-even point in unit sales = FC/CM per unit
= $300,000/$15
= 20,000 units
Break-even point in dollars sales = $300,000/44.1176%
= $680,000 (20,000 * $34)
8. The net operating income will increase to $97,500 ($15 * 6,500)if it can grow production and sales from 25,000 to 26,500.
9. Hixson's margin of safety at sales volume of 25,000 units is:
= $170,000 ($850,000 - $680,000)
10. Degree of operating leverage at a sales volume of 25,000 units is:
= Contribution margin/net operating income
= $375,000/$97,500
= 3.85
Larned Corporation recorded the following transactions for the just completed month.
$79,000 in raw materials were purchased on account.
$77,000 in raw materials were used in production. Of this amount, $65,000 was for direct materials and the remainder was for indirect materials.
Total labor wages of $109,500 were paid in cash. Of this amount, $100,900 was for direct labor and the remainder was for indirect labor.
Depreciation of $195,000 was incurred on factory equipment.
Required:
Record the above transactions in journal entries.
Answer:good question. Wait for the answer
Explanation:
The balance in retained earnings at December 31, 2020 was $1,440,000 and at December 31, 2021 was $1,164,000. Net income for 2021 was $1,000,000. A stock dividend was declared and distributed which increased common stock $500,000 and paid-in capital $220,000. A cash dividend was declared and paid.
The stock dividend should be reported on the statement of cash flows (indirect method) as: ____________
a. an outflow from investing activities of $720,000.
b. an outflow from financing activities of $720,000.
c. an outflow from financing activities of $500,000.
d. Stock dividends are not shown on a statement of cash flows.
Answer: d. Stock dividends are not shown on a statement of cash flows.
Explanation:
A stock stock dividend refers to the dividend payment to the shareholders of s company that is not made in cash but rather it's made in shares.
It should be noted that the stock dividend is not reported on the cash flow statement. The reason for this is because it's a non cash item and also doesn't allow cash outflow. Therefore, it won't be reported.
Therefore, the correct option is D.
You have a portfolio that is 29 percent invested in Stock R, 12 percent invested in Stock S, with the remainder in Stock T. The expected return on these stocks is 9.8 percent, 11.2 percent, and 13.5 percent, respectively. What is the expected return on the portfolio
Answer: 12.15%
Explanation:
The expected return is a weighted average of the returns of the individual stocks and the percentage of the portfolio invested in them.
= (Weight of R * Return of R) + (Weight of S + Return of S) + (Weight of T + Return of T)
= (29% * 9.8%) + (12% * 11.2%) + ( (1 - 29% - 12%) * 13.5%)
= 12.15%
Many people have strong negative reactions to pop-up, pop-behind, interstitial, and rich media ads. Assume you are the director of an advertising agency that specializes in creating and placing these ads. You see an opinion article in your local online newspaper that harshly criticizes these ads as intrusive and unnecessary. Write a details rejoinder to post in the comments section of this article in which you explain, from the advertiser’s viewpoint, why these ads can be more effective advertising media than text ads.
Answer:
Im on a private jet eating popeyes chicken, i be flexing like im eating popeyes spinach
Explanation:
plato users
. If it outsources the navigation system, fixed costs could be reduced by half, and the vacant facilities could be rented out to earn $2000 per month of rental income. What is the maximum contract cost that Fruit Boat Company should pay for outsourcing
Answer: $2,425
Explanation:
Fruit Boat should not pay more for the contract than they would if they were producing the good themselves.
= Variable cost + Avoidable fixed costs + Opportunity cost per month
Avoidable fixed cost = (39,000 / 2) / 10 boats = 19,500 / 10 = $1,950
Opportunity cost per month = 2,000 / 10 boats
= $200
Contract price = 275 + 1,950 + 200
= $2,425
three (3) State taxes and briefly describe each
Demand for a specific design of dinning sets has been fairly large in the past several years and Statewide Furnishings, Inc. usually orders new dinning sets 10 times a year. It is estimated that the ordering cost is $400 per order. The carrying cost is $50 per unit per year. Furthermore, State Wide Furnishings, Inc. has estimated that the stock out cost is $120 per unit per year. Based on forecast, the annual demand is 600 units. State Wide Furnishings, Inc. has 350 working days in a year and its lead time is 14 working days.
Assume shortage is allowed and the store manager is sure that shortages will not become lost sales, determine the annual ordering cost.
a. 592.82
b. 1472.01
c. 2051.28
d. 4116.11
e. None of the above
Answer:
e. None of the above
Explanation:
Annual demand, D = 600 units
Ordering cost, S = $400
Holding cost, H = $50
Economic order quantity without stock-out = SQRT(2*D*S/H)
Economic order quantity without stock-out = SQRT(2*600*400/50)
Economic order quantity without stock-out = 98
Total annual ordering cost = (D/Q)*S + (Q/2)*H
Total annual ordering cost = (600/98)*$400 + (98/2)*$50
Total annual ordering cost = $2,448.97 + $2,450
Total annual ordering cost = $4,898.97
Kevin promises to pay Macarena, his daughter, $5,000 if she obtains her degree at Brookdale community College, where she is currently in her first year. Macarena graduates. If a Court refuses to enforce the agreement it would most likely be because:
Question Completion with Options:
A. Macarena finished college.
B. Obtaining a college degree benefits Macarena.
C. A job can be hard to find after college.
D. Macarena was already in college.
Answer:
If a Court refuses to enforce the agreement it would most likely be because:
D. Macarena was already in college.
Explanation:
Macarena was currently in her first year when the promise was made by her father. This means that Macarena is not giving any consideration for the father's promise. But, if she enters the college based on the promise and eventually graduates in the college, then the court will not likely refuse to enforce the agreement. Kevin's promise to pay Macarena $5,000 is not enforceable because of past consideration.
The Director of Taco Bell’s in-house creative agency described the workplace as an "ego-free zone," suggesting openness to his team members’ ideas, also called Multiple Choice staff validity. task validity. boundary spanning. decision informity. hierarchical sensitivity.
Answer:
staff validity
Explanation:
Staff validity is the degree by which the members form good presentations to the leader. As they can have all the information needed to make a good decision.Corporation sold 210000 watches and produced 217000 watches that it sold for $19 each. The company determined that fixed manufacturing cost per unit was $8 per watch. The company reported a $1,302,000 gross margin on its financial statements. Determine the total contribution margin.
Answer:
The total contribution margin is:
= $2,982,000.
Explanation:
a) Data and Calculations:
Production units = 217,000 watches
Sales units = 210,000 watches
Sales price per watch = $19
Sales revenue = $3,990,000 (210,000 * $19)
Cost of goods sold 2,688,000 ($3,990,000 - $1,302,000) ($12.80 each)
Gross profit = $1,302,000
Cost of goods sold per unit = $12.80 ($2,688,000/210,000)
Fixed cost per unit = $8
Variable cost per unit = $4.80 ($12.80 - $8.00)
Contribution margin per unit = $14.20
Total contribution margin = $2,982,000 ($14.20 * 210,000)
When the price elasticity of demand for a good is very elastic, quantity demanded is _____ to a change in price and the demand curve is relatively _____. Group of answer choices
Answer:
1. Responsive
2. Elastic
Explanation:
When the price elasticity of demand for a good is very elastic, quantity demanded is RESPONSIVE to a change in price and the demand curve is relatively ELASTIC.
This is because the price elasticity of demand measures the responsiveness of the quantity demanded to a change in price.
Consequently, as the quantity demanded changes, the demand curve then becomes relatively elastic, by shifting either to the right or left.
The double-declining-balance rate for calculating depreciation expense is determined by doubling the straight-line rate. Assuming that an asset has a useful life of 25 years, determine the rate to be used if using the double-declining-balance method
Answer:
the depreciation rate in cash when the double-declining method should be used is 8%
Explanation:
The computation of the depreciation rate in cash when the double-declining method should be used is given below:
= 1 ÷ useful life × 2
= 1 ÷ 25 × 2
= 0.08
= 8%
Hence, the depreciation rate in cash when the double-declining method should be used is 8%
The same should be relevant and considered too
