Answer: c. valid
Explanation:
Even though at the time the contract was executed by the agent it was unauthorized, the fact that the company then ratifies the contract means that they agree with it and have now authorized it.
This would validate the contract because it now has the consent of the party that it was signed for which is Mindwonder Games LLC. Had the contract not been ratified then it would have been void.
If the price of oil, a close substitute for coal, increases then:
a. the demand curve for coal will shift to the right.
b. equilibrium price and quantity of coal will not change.
c. supply curve for coal will shift to the right.
d. demand curve for coal will shift to the left.
e. supply curve of coal will shift to the left.
Answer:
A
Explanation:
Substitute goods are goods that can be used in place of another good.
if the price of a good increases, the demand for the substitute increases and if the price of the good reduces, the demand for the substitute increases.
If the price of oil increases, it becomes cheaper to buy coal. As a result, there would be a rightward shift of the demand curve for coal. As a result, the equilibrium price and quantity would increase
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.
A company is considering eliminating a department that has an annual contribution margin of $33,000 and $66,000 in annual fixed costs. Of the fixed costs, $16,500 cannot be avoided. The annual financial advantage (disadvantage) for the company of eliminating this department would be: Multiple Choice ($33,000) $33,000 ($16,500) $16,500
Answer:
($16,500)
Explanation:
Calculation to determine The annual financial advantage (disadvantage) for the company of eliminating this department would be
First step is calculate the Avoidable fixed costs
Avoidable fixed costs = $66,000 − $16,500
Avoidable fixed costs = $49,500
Now let determine Segment Margin
Contribution Margin $33,000
Less Avoidable fixed costs $49,500
Segment Margin ($16,500)
Therefore The annual (disadvantage) for the company of eliminating this department would be ($16,500)
During its most recent fiscal year, Raphael Enterprises sold 270,000 electric screwdrivers at a price of $17.10 each. Fixed costs amounted to $729,000 and pretax income was $999,000. What amount should have been reported as variable costs in the company's contribution margin income statement for the year in question
Answer:
$2,889,000
Explanation:
Sales units = 270,000 units
Sale Price = $17.10
Fixed cost = $729,000
Sales Value = 270,000 * $17.10
Sales Value = $4,617,000
Contribution Margin = Sales- Fixed cost
Contribution Margin = $4,617,000 - $729,000
Contribution Margin = $3,888,000
Variable Cost = Contribution margin- Pretax income
Variable Cost = $3,888,000 - $999,000
Variable Cost = $2,889,000
So, $2,889,000 is the amount that should have been reported as variable costs in the company's contribution margin income statement for the year in question.
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)
Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil field in Alaska. Data concerning the most recent year appear below: Sales $ 17,700,000 Net operating income $ 5,300,000 Average operating assets $ 35,100,000 Required: 1. Compute the margin for Alyeska Services Company. (Round your answer to 2 decimal places.) 2. Compute the turnover for Alyeska Services Company. (Round your answer to 2 decimal places.) 3. Compute the return on investment (ROI) for Alyeska Services Company.
Answer:Profit margin = 29.94%
Asset Turnover =0.50
Return on investment (ROI) =15.09%
Explanation:
Given
Sales for the year = $ 17,700,000
Net Operating Income = $ 5,300,000
Average Operating Assets = $ 35,100,000
a)Profit margin = (Net operating income/Net sales ) x 100%
= $5,300,000/$17,700,000 x 100% = 29.94%.
This shows that the Alyeska Services company has ability to turn income to profit by 29.94%
b. Asset Turnover = Total Sales/ Average Total Assets = $17,700,000/$35,100,000 = 0.50
c. Return on investment (ROI) =Net income/Total investment x 100%
= $ 5,300,000/ $ 35,100,000 x 100% =15.09%
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
he next dividend payment by Savitz, Inc., will be $5.05 per share. The dividends are anticipated to maintain a growth rate of 5 percent forever. If the stock currently sells for $43 per share, what is the required return
Answer:
16.74%
Explanation:
Current Price = Expected Dividend / (Required Return - Growth Rate)
Required Return = (Expected Dividend / Current Price) + Growth rate
Required Return = ($5.05 / $43) + 5%
Required Return = 0.1174419 + 0.05
Required Return = 0.1674419
Required Return = 16.74%
Why do tourism business have market cost for the printing
Answer:
Launching tourist ventures involves overcoming two major hurdles: first, the venture must be
financed; and second, demand must be generated. In particular, the marketing of tourism and
hospitality ventures provides special challenges, the ability to reach the target market and convince
them to travel to remote locations being a critical success factor (Dolli, N.; Pinfold, J.F., 1997). Thus,
the main issue related to the marketing of tourist services is not their production, but their sale and
promotion, so as to ensure that all the consumers’ needs are comprehensively satisfied. (Nistoreanu,
P., 2006).
It is in this context that both the producers as well as the suppliers (intermediaries) of tourism services
should take into consideration the fact that a touristic product is sold only if there is a demand on the
market for that particular product. This means that suppliers have the possibility to either offer what is
requested on the market, responding to the consumers’ needs, or to stimulate or generate the demand
for a certain product so as to facilitate the selling of that product. In both cases, however, the
producers and suppliers need to apply a promotion strategy, through which potential clients may be
informed with regard to the offer on the market, as well as induce the clients’ desire to consume a
certain product.
Explanation:
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.
three (3) State taxes and briefly describe each
Ice Co stock has a beta of 1.85, the current risk-free rate is 5.10 percent, and the expected return on the market is 15.10 percent. What is Ice Co's cost of equity
Answer:
23.60%
Explanation:
According to the capital asset price model:
cost of equity = risk free + beta x (market rate of return - risk free rate of return)
5.10 + 1.85 x (15.10 - 5.10)
= 5.10 + (1.85 x 10)
=23.60%
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.
Which of the following The holding-period return (HPR) on a share of stock is equal to(s) the level of real interest rates? I) The supply of savings by households and business firms II) The demand for investment funds III) The government's net supply and/or demand for funds
Answer: D. I, II, and III.
Explanation:
The demand for investment funds determines the demand for loanable funds and when this is higher than the supply, the rate increases. The reverse it true. It therefore affects real interest rates.
The savings of households and business firms are the source of loanable funds so if these are high relative to demand, the rate will decrease. The reverse is true.
Government demand for funds will increase interest rates as the supply will decrease when the government borrows massively. The reverse is true.
All three therefore impart real interest rates.
Accurate Metal Company sold 36,500 units of its product at a price of $340 per unit. Total variable cost per unit is $179, consisting of $172 in variable production cost and $7 in variable selling and administrative cost. Compute the manufacturing margin for the company under variable costing.
Answer: $6,132,000
Explanation:
The manufacturing margin for the company under variable costing will use the variable production costs only as these are the variable costs incurred during manufacturing:
Variable manufacturing margin = ( Sales price - Variable cost per unit) * number of units
= (340 - 172) * 36,500
= 168 * 36,500
= $6,132,000
A beautiful bridge is being built over the river that runs through a major city in your state. The cost of the bridge is estimated at $600 million. Annual costs of the bridge will be $200,000, and the bridge is estimated to last a very long time. If accountants in city hall use 3% as the interest rate for analysis, what is the annualized cost of the bridge project
Answer:
$18.20 million
Explanation:
Net present value = Initial cost + (Annual cost/3%)
Net present value = $600 million + $200,000/3%
Net present value = $600 million + $6.67 million
Net present value = $606.67 million
Annualized cost = Net present value * 3%
Annualized cost = $606.67 million * 3%
Annualized cost = $18.20 million
So, the annualized cost of the bridge project is $18.20 million.
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.
Rachel is preparing to open her own raft rental business, cleverly named Rachel's Rafts. She figures out that her fixed costs will be $7,500 and her unit variable costs are $2 per raft. She plans to rent all 2,500 rafts she has on hand. What is Rachel's breakeven price
Answer:
selling price= $5
Explanation:
Giving the following information:
Fixed cost= $7,500
Unitary variable cost= $2
Break-even point= 2,500 units
The break-even point is the number of units to sell to cover the fixed costs. At this level, net income is zero.
So given the costs structure and 2,500 units to sell, the selling price that provides the break-even point is:
Break-even point in units= fixed costs/ (selling price - unitary variable cost)
2,500 = 7,500 / (selling price - 2)
2,500selling price - 5,000 = 7,500
2,500selling price = 12,500
selling price = 12,500 / 2,500
selling price= $5
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
At the end of the first year of operations, 6,400 units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows:
Direct materials $75
Direct labor 35
Fixed factory overhead 15
Variable factory overhead 12
Determine the cost of the finished goods inventory reported on the balance sheet under (a) the absorption costing concept and (b) the variable costing concept.
Answer:
Results are below.
Explanation:
Giving the following information:
The unit manufacturing costs during the year were as follows:
Direct materials $75
Direct labor 35
Fixed factory overhead 15
Variable factory overhead 12
Number of units= 6,400
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).
Absorption method:
Unit product cost= direct material + direct labor + total unitary overhead
Unit product cost= 75 + 35 + 15 + 12
Unit product cost= $137
Total ending inventory cost= 137*6,400
Total ending inventory cost= $876,800
Variable costing method:
Unit product cost= direct material + direct labor + variable overhead
Unit product cost= 75 + 35 + 12
Unit product cost= $122
Total ending inventory cost= 122*6,400
Total ending inventory cost= $780,800
Miscavage Corporation has two divisions: the Beta Division and the Alpha Division. The Beta Division has sales of $300,000, variable expenses of $152,100, and traceable fixed expenses of $70,300. The Alpha Division has sales of $610,000, variable expenses of $335,800, and traceable fixed expenses of $131,900. The total amount of common fixed expenses not traceable to the individual divisions is $133,200. What is the company's net operating income
Answer: $86700
Explanation:
The net operating income is used in knowing the profitability of an investment. The net operating income is gotten by subtracting the expenses from the revenue.
Based on the information given in the question, the net operating income is $86700. Kindly check the attachment for further details.
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.
If the price level is above the equilibrium price level, how does the aggregate quantity of goods and services demanded compare to the aggregate quantity of goods and services supplied at the price level?
Answer:
When price is above the equilibrium price level, quantity demanded would be less than the quantity supplied. This would lead to a surplus
Explanation:
Equilibrium price is the price at which quantity demand equal quantity supplied.
Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded. As a result of the surplus, price would fall until equilibrium is reached.
Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied. As a result of the shortage, price would rise until equilibrium is reached.
XYZ has two divisions: South and West. Overall net operating income is $26,900. South Division's segment margin is $42,800 and West Division's segment margin is $29,900. What is the amount of the common fixed expense not traceable to the individual divisions?
a. $45,800.
b. S56800.
с.$69,700.
d. $72,700.
Answer:
a. $45,800.
Explanation:
The computation of the common fixed expense not traceable is given below
Combined segment margin of two divisions ($42,800 + $29,900) $72,700
Less: net income -$26,900
Non traceable fixed cost $45,800
Hence, the amount of the common fixed expense not traceable to the individual divisions is $45,800
Therefore the option a is correct
5-5 TIME TO REACH A FINANCIAL GOAL You have $33,556.25 in a brokerage account, and you
plan to deposit an additional $5,000 at the end of every future year until your account totals
$220,000. You expect to earn 12% annually on the account. How many years will it take to
reach your goal?
Answer:
22 is the right answer bro fgjjfycugyvyygyghu
Money spent on groceries is an example of a/an
Mott Company's sales mix is 3 units of A, 2 units of B, and 1 unit of C. Selling prices for each product are $37, $47, and $57, respectively Variable costs per unit are $30, $31, and $34, respectively. Fixed costs are $456,000. What is the break-even point in composite units?
a) 1.239 composite units
b) 1357 composite units
c) 2763 composite units
d) 4,606 composite units.
Answer:
6,000 composite units
Explanation:
A B C Total
Selling price per unit 37 47 57
Less: Variable cost per unit 30 31 34
CM per unit 7 16 23
Sales mix 3 2 1
CM per sales mix 21 32 23 76
Break even in composite unit = Fixed cost / CM per sales mix
Break even in composite unit = $456,000 / 76
Break even in composite unit = 6,000
Tan Corporation of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisions follow: Division Osaka Yokohama Sales $ 9,400,000 $ 24,000,000 Net operating income $ 752,000 $ 2,400,000 Average operating assets $ 2,350,000 $ 8,000,000 Required: 1. For each division, compute the return on investment (ROI) in terms of margin and turnover. 2. Assume that the company evaluates performance using residual income and that the minimum required rate of return for any division is 18%. Compute the residual income for each division.
Answer:
1. Osaka ROI 32 %
Yokohoma ROI 30%
2.Osaka Residual income $329,000
Yokohoma Residual income $960,000
Explanation:
1. Computation for return on investment (ROI) in terms of margin and turnover.
Using this formula
ROI = Net operating income/Average operating assets
Let plug in the morning
Osaka ROI = 752,000/2,350,000
Osaka ROI =32 %
Yokohoma ROI = 2,400,000/$ 8,000,000
Yokohoma ROI =30%
Therefore for return on investment (ROI) in terms of margin and turnover is :
Osaka ROI 32 %
Yokohoma ROI 30%
2. Computation for the residual income for each division.
Using this formula
Residual income = Net operating income - Required return
Let plug in the formula
Osaka Residual income= 752,000 - (2,350,000*18%)
Osaka Residual income= 752,000-423,000
Osaka Residual income = $329,000
Yokohoma Residual income = 2,400,000 - ($8,000,000*18%)
Yokohoma Residual income = 2,400,000-1,440,000
Yokohoma Residual income= $960,000
Therefore the residual income for each division is:
Osaka Residual income $329,000
Yokohoma Residual income $960,000
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
Company XYZ is working on a marketing strategy for a new oral hygiene product and just discovered that XYZ's biggest competitor is launching a very similar product a month later. In conducting a SWOT analysis, the launch of the competitor's product represents an opportunity.
a. True
b. False
Answer:
XYZ Company
In conducting a SWOT analysis, the launch of the competitor's product represents an opportunity.
b. False
Explanation:
The launch of the competitor's product represents a threat to XYZ Company. It reduces XYZ Company's market competitiveness and profitability. XYZ Company may even be driven out of the market by the competitor, thus leading to massive loss for the company. However, threats must be overcome and turned into opportunities for future product development.
