Answer:
Peter's Pans is trying to overcome competitive disadvantage
Explanation:
Competitive advantage is the ability of a company to produce goods in such a way that it captures market share from other companies.
Competitive advantage can be with regard to quality, price, services, and so on.
In this scenario the Peter Pan wants to obtain a similar sized cookware company. This will make his company to be larger in size.
He intends to use the larger size of the company as a way to overcome competitive advantage of Iron Maiden, the industry leader.
In radio advertising, a(n) ________ guarantees a certain percentage of spots in the better dayparts if the advertiser buys a total package of time.
Answer:
total audience plan package rate.
Explanation:
Advertising can be defined as a strategic process which involves paying for a commercial service that is aimed at boosting sales through the persuasion of customers by using convincing and attractive messages.
In radio advertising, a total audience plan package rate guarantees a certain percentage of spots in the better dayparts if the advertiser buys a total package of time. This ultimately implies that, the user gets a better widespread coverage in the better parts of the day, thus increasing his audience and guarantees potential customers for the business.
All the following requirements must be satisfied before premiums are waived under a waiver-of-premium provision EXCEPT: Group of answer choices The insured must satisfy the definition of disability in the policy. The insured must furnish proof of disability to the insurer. The insured must satisfy a 2-year waiting period. The insured must be disabled before some predetermined age, such as age 60 or 65.
Answer:
The insured must satisfy a 2-year waiting period.
Explanation:
A premium rider waiver refers to a condition of an insurance policy that relinquishes premium fees if the insurer is severely ill, severely injured, or in the case of disability and cannot pay premiums. Other provisions may exist, such as meeting particular criteria regarding age and health. Most premium riders waiver includes a waiting period during which no demand for compensation can be made. If the policyholder is injured or harmed during this period, he or she can seek a complete refund of the paid premiums. However, the compulsion of the two-year waiting period is off the table.
If a country did not participate in international trade, Group of answer choices it's production possibilities frontier is also its consumption possibilities frontier. interdependence is greater than would be the case with trade. it is better off because it will have to learn to be self-sufficient without trade. it can still benefit from international specialization.
Answer:
it's production possibilities frontier is also its consumption possibilities frontier
Explanation:
The production possibilities frontier shows the various combinations for the two goods an economy can produce when all its resources are fully employed.
The consumption possibility frontier, is the budget constraint where participants in international trade can consume. When a country doesn't participate in trade, it is this constraint identical to the the production–possibility frontier
Able Co. uses an online sales order processing system to process its sales transactions. Able's sales data are electronically sorted and subjected to edit checks. A direct output of the edit checks most likely would be a
Answer: D. File of all rejected sales transactions.
Explanation;
When Edit Checks are applied to sales transactions, the transactions will be checked for issues such as completeness, reasonableness and validity amongst others. If the transactions do not satisfy these, they will be rejected.
After they are rejected, the Edit Checks utility would record these rejections in a file so that the company can evaluate them for errors, correct the errors and then resubmit the transactions.
A more professional focus of running events started to take place during the late 1800s. The catalyst for such a professional focus emphasis occurred due to A. the number of career opportunities. B. the multitude of events that were occurring. C. television's impact on events. D. a desire to increase profits.
Answer: D. a desire to increase profits
Explanation:
During the late 1800s, a more professional focus of running events began to take place. The main reason for such a professional focus emphasis occurred due to a desire to increase profits.
It was realized that having a more professional focus on running events could bring about more funds and also bring about more intersted spectators.
has a major medical insurance policy with a $500 calendar-year deductible, a $5,000 out-of-pocket limit, and 80-20 coinsurance. was hospitalized for a surgical procedure in March, his first healthcare treatment during the year. The total bill was $20,000. Considering the deductible and coinsurance, how much of this amount must pay
Answer: $3,900
Explanation:
First the deductible has to be removed.
= 20,000 - 500
= $19,500
With a $5,000 out-of-pocket limit, and 80-20 coinsurance, the insured is to pay 20% of the remaining balance but the maximum they can pay is $5,000 in a given period.
= 20% * 19,500
= $3,900
He will pay $3,900
Greta is concerned that one of the potential market segments she has identified for her dog grooming service is too small and has too little income to have sufficient buying power. Greta is concerned with whether the segment is Group of answer choices
Answer: substantial
Explanation:
From the question, we are informed that Greta is concerned that one of the potential market segments she has identified for her dog grooming service is too small and has too little income to have sufficient buying power.
The above analysis shows that Greta is concerned with whether the substantial segment. A segment is said to be substantial when the said segment is big and therefore should be worth targeting and the members of this particular segment should have buying power.
Evelyn invests $5,000 in a savings account that pays interest at a rate of 6.7% compounded annually. If she withdraws half the interest earned at the end of the third year, approximately how much additional interest does she earn during the fourth year
Answer:
$371
Explanation:
The computation of additional interest during the fourth year is shown below:
but before that we need to do the following calculations
Amount = Principal × (1 + (rate of interest ÷ (1 × 100)))^(1 × number of years)
A = $5,000 × (1 + (6.7% ÷ (1 × 100)))^(1 × 3)
= $5,000 × (1 + (6.7 ÷ 100))^(1 × 3)
= $5,000 × (1 + 0.067)^3
= $5,000 × (1.067)^3
= 5000 × 1.214
= $6,070
Now, Interest gained after 3 years on the amount of Principal is
= $6,070 - $5,000
= $1,070
Here Evelyn issued interest which is half that is earned at the end of the 3rd year
Sp,
Half of the interest gained will be
= $1,070 ÷ 2
= $535
Now,
The new Principal amount for 4th year is
= $6,070 - $535
= $5,535
So, the final amount in the fourth year is
A = P × (1 + (r ÷ n))^(nt)
= $5,535 × (1 + 0.067 ÷ 1 ]^(1 × 1)
= $5,535 × 1.067
= $5.905.845
Hence the additional interest in the fourth year is
= $5,905.845 - $5,535
= $370.845
or
= $371
Therefore for computing the additional interest during the fourth year we simply applied the above formula.
Define, and identify the differences between a real estate broker, real estate associate broker, and real estate salesperson.
Answer:
Real estate broker: Attempts to arrange and mastermind land exchanges. This authorized individual has day by day obligations that incorporate composing contracts and managing exchanges for deals and buying exercises on homes, land and business properties.
real estate associat broker: A dealer partner is an individual authorized as a land representative, yet who works in the limit of a sales rep for another mindful agent or enterprise.
real estate sales person: A salesperson helps home purchasers, dealers, or both complete home deal exchanges. Land salespersons are commonly independently employed, yet should work with a land handle and be authorized in the state in which they work.
As referred to in the NSMIA, the term "covered security" would apply to
preferred stock in the XYZ Corporation whose common stock is listed on the NYSE
common stock in ABCD, Inc., a stock traded in the Pink Sheets
Springfield, Illinois, municipal bonds sold to a resident of Springfield, Illinois
Springfield, Illinois, municipal bonds sold to a resident of Springfield, Missouri
A) II and III
B) III and IV
C) I and IV
D) I and II
Answer:
Correct Answer:
C) I and IV
Explanation:
In stock market, any security equal or senior to one listed on the NYSE is a covered security. Because, it is guaranteed by a Federal law. Municipal bonds are a covered security except in their state of issuance. On the other-hand, Pink Sheet and OTC Bulletin Board securities are not considered covered.
"A customer in the 28% tax bracket has $4,000 of capital gains and $12,000 of capital losses. How much unused loss is carried forward to the next tax year?"
Answer:
$5,000
Explanation:
Given that:
A customer in the 28% tax bracket has $4,000 of capital gains and $12,000 of capital losses. How much unused loss is carried forward to the next tax year?
Capital gain = $4000
Capital loss = $12,000
Net loss = ( capital loss - capital gain)
Net loss = ($12,000 - $4,000)
Net loss = $8,000
Maximum net loss deductible from taxes In a year is $3000
Net loss - deductible
$8,000 - $3,000 = $5,000
Unused loss carried into the next year = $5,000
Pisa, Inc. leased equipment from Tower Company under a four-year lease requiring equal annual payments of $344,152, with the first payment due at lease inception. The lease does not transfer ownership, nor is there a bargain purchase option. The equipment has a 4 year useful life and no salvage value. Pisa, Inc.’s incremental borrowing rate is 8% Pisa, Inc. uses the straight-line method to amortize similar assets. What is the amount of amortization expense recorded by Pisa, Inc. in the first year of the asset’s life?
Complete Question:
Pisa, Inc. leased equipment from Tower Company under a four-year lease requiring equal annual payments of $344,152, with the first payment due at lease inception. The lease does not transfer ownership, nor is there a bargain purchase option. The equipment has a 4-year useful life and no salvage value. Pisa, Inc.’s incremental borrowing rate is 10% and the rate implicit in the lease (which is known by Pisa, Inc.) is 8%. Pisa, Inc. uses the straight-line method to amortize similar assets. What is the amount of amortization expense recorded by Pisa, Inc. in the first year of the asset’s life?
PV Annuity Due PV Ordinary Annuity
8%, 4 periods 3.57710 3.31213
10%, 4 periods 3.48685 3.16986
a. $0 because the asset is amortized by Tower Company.
b. $284,968
c. $307,767
d. $300,000
Answer:
$307,767
Explanation:
We have to calculate the annuity value to estimate the value of the right to use and this is given as under:
Right to Use Value = Equal Annual Payments * (PV of Annuity due at 8%)
Here
Equivalent Annual Payment is $344,152
PV of Annuity due at 8% is 3.57710
By putting values, we have:
Right to Use Value = $344,152 * 3.57710 = $1,231,066
Now we will find amount of amortization expense recorded for first year:
Per year Amortization = $1,231,066 / 4 Years = $307,767
Kirstie’s boss asks for input about ways the company can improve its current advertising campaign. However, every time an employee offers a suggestion that differs from the plan that the boss has sketched out, the suggestion is ignored completely. In this case, it is likely that the group that is supposed to improve the company’s advertising will experience the effects of:
Answer:
groupthink
Explanation:
Groupthink refers to the thinking of the people who are in a group so that the good decisions making could be made which helps the organization in an efficient and effective manner
Here in the given situation, the suggestions are taken out but it is different from the plan so the suggestions are useless in this case.
Therefore this is an effect of group think
Mark, the sales manager at Lance Motors has called for a meeting with all his sales representatives. He wants to give them feedback, and set new guidelines regarding their annual targets. With reference to the transmission phase of communication, which of the following best describes Mark's role?
A) Recipient
B) Sender
C) Messenger
D) Receiver
E) Decoder
Answer:
B) Sender
Explanation:
As we know that the communication process consists of 6 things i.e sender, encoding, medium, receiver, decoding, and feedback so that the communication process could become efficient and effective
Here Mark who is the sales manager and wants to give feedback and set new guidelines for the annual targets
So here the Mark role is of the sender
hence, the correct option is B.
What strategy benefits both companies and employees since it increases a company's ability to recruit and retain workers and allows employees to balance work and home life by allowing them to choose their starting and ending times, as long as they are there during a specified core period
Answer:
Dont know sorry
The market for plywood is characterized by the following demand and supply equations: QD = 800 – 10P and QS = 50P – 1,000, where P is the price per sheet of plywood and Q measures the quantity of plywood. What is the size of the deadweight loss if the government imposes a price ceiling of $25 per she
Answer:
$3,750
Explanation:
at $25 per sheet of plywood:
total demand = 800 - (10 x 25) = 800 - 250 = 550
total supply = (50 x 25) - 1,000 = 1,250 - 1,000 = 250
the equilibrium price is:
800 - 10P₁ = 50P₁ - 1,000
1,800 = 60P₁
P₁ = 1,800 / 60 = 30
the equilibrium quantity (Q₁) is:
Q₁ = 800 - (10 x 30) = 800 - 300 = 500
at 250 units, the price should be:
250 = 800 - 10P₂
10P₂ = 550
P₂ = $55
total deadweight loss = 0.5 x (P₂ - P₁) x (Q₂ - Q₁) = 0.5 x ($55 - $25) x (250 - 500) = 0.5 x $30 x -250 = -$3,750
The voucher system of control: Multiple Choice Is a set of procedures and approvals designed to control cash receipts and the acceptance of obligations. Establishes procedures for verifying, approving, and recording obligations for eventual cash disbursement. Establishes procedures for receiving checks for the sale of verified, approved, and recorded activities. Applies only when multiple purchases are made from the same supplier. Is required in large companies but not beneficial for small to mid-sized companies.
Answer: Establishes procedures for verifying, approving, and recording obligations for eventual cash disbursement.
Explanation:
The voucher system control is used to ensure that cash will only be spent on the purchases that are authorized.
The voucher system of control establishes procedures for verifying, approving, and recording obligations for eventual cash disbursement.
4. Mathew is a brand manager for a large chocolate producer. Every six months, Mathew and a team of colleagues review the new product proposals that come from employees and managers and choose two that the company will pursue. This activity is part of
Answer:
product screening
Explanation:
The activity being described in this question is part of the product screening. This is a step in the product development process where different product designs are evaluated and analyzed according to the company's goals and criteria and those that meet all of their requirements are chosen for production while the ones that don't are scraped. This is what Mathew is doing by choosing the two product proposals that meet the companies requirements and which they believe will be good to pursue.
A toy company no longer selling a bicycle with a faulty part is using which risk management
strategy?
A. Avoiding risk
B. Accepting risk
C. Sharing Risk
D. Reducing risk
Answer:
This is an example of A. Avoiding risk
Explanation:
The answer is A because by not selling the bike with the faulty part, they are AVOIDING injuring the people who purchase their bikes.
A company can be said to have competitive advantage if: Select one: a. It has a different value chain than rivals b. It has some type of edge over rivals in attracting customers and coping with competitive forces c. It earns the largest profit in the industry d. It has more resource strengths than weaknesses
Answer:
b. It has some type of edge over rivals in attracting customers and coping with competitive forces
Explanation:
A firm can have competitive advantage if it produces at a lower cost than its competitors and thus the firms' goods are priced lower and this attracts customers.
a firm can also have a competitive advantage if the quality of its own good is higher than that of its competitors and this increases patronage for the firms goods.
A company completes construction of a $400 million offshore oil platform and places it into service on January 1. State law requires that the platform be dismantled and removed at the end of its useful life, which is estimated to be 10 years. The company estimates that the cost of dismantling the platform will be $20 million. The discounted value of the liability is $9 million using the company's credit-adjusted, risk-free rate. The company has already capitalized the $400 million construction cost of the platform. What amounts should the company record as liability and expense when the asset is placed into service
Answer:
b. Liability, $9,000,000; expense, $0.
Explanation:
An asset retirement obligation (ARO) refers to an obligation with respect to the acquisition , construction, development, etc. The liability should be recognized the liability at the present value that should be expected to be paid for settling the obligations
Here the $9,000,000 million represents the liability
Also the journal entry is
Asset Dr
To liability
(Being the asset placed is recorded)
There is no expense should be recorded in the income statement
Bakery A sells bread for $2 per loaf that costs $0.50 per loaf to make. Bakery A gives a 70% discount for its bread at the end of the day. What is the salvage value of its bread? $2.00 $0.10 $0.50 $0.60
Answer:
Salvage value = $0.60
Explanation:
Selling Price = $2 per loaf
Discount on price = 70%
So, salvage percentage is 100% -70% = 30%
So, Salvage value = Salvage/Percentage * Selling price
Salvage value = 30/100 * $
Salvage value = $0.60
an object travels 16 metre in 4 seconds and then another 16 metre in 2second what is the average speed of the object
Answer:
6m/s
Explanation:
Given the information :
an object travels 16 metre in 4 seconds and then another 16 metre in 2second.
what is the average speed of the object?
First portion of travel:
Distance = 16 meters
Time = 4 seconds
Second portion:
Distance = 16 meters
Time = 2 seconds
Speed is calculated as the proportion of distance traveled to the time taken.
Speed = distance / time
First portion :
Speed attained
Distance / time = speed
16 meters / 4 seconds = 4m/s
Second portion:
Speed attained
Distance / time = speed
16 meters / 2 seconds = 8m/s
Average speed :
(first portion + second portion) / 2
(4m/s + 8m/s) / 2
12m/s ÷ 2
= 6m/s
In situations where rivals can readily copy the successful features of a company's strategy or duplicate its attempts to attract customers, the only dependable path to competitive advantage is for a company to staff the company's organization with smarter and more talented people. outexecute rivals by developing a collection of resources and capabilities that enables the company to perform certain important value chain activities at lower cost than rivals or with greater effectiveness than rivals (thereby gaining the ability to deliver more value to customers via either a lower price or a more appealing product). do a better job of training, empowering, motivating, and compensating employees than rivals. perform value chain activities quicker or faster than rivals can. outsource more value chain activities than rivals do and thereby achieve lower operating costs.
Answer:
outexecute rivals by developing a collection of resources and capabilities that enables the company to perform certain important value chain activities at a lower cost than rivals or with greater effectiveness than rivals (thereby gaining the ability to deliver more value to customers via either a lower price or a more appealing product).
Explanation:
We note here that the company's rivals can readily copy the successful features of the company's strategy or duplicate its attempts to attract customers, therefore, the company has leverage if builds strenght its on certain important value chain activities at a lower cost than rivals or with greater effectiveness than rivals.
For example, a company's product may be cheaper because of its reduced value chain cost than that of its competitors. Going by the normal law of demand, the lower the price the higher the demand for such a company's products.
The adjustment to the weighted-average shares for retired shares is the same as for issuing new shares except: A. The shares are deducted rather than added. B. The shares are added rather than deducted. C. The shares are treated as being acquired at the end of the year. D. The shares are treated as being acquired at the beginning of the year. g
Answer: The shares are deducted rather than added
Explanation:
The adjustment to the weighted-average shares for retired shares is the same as for issuing new shares when the shares are added rather than deducted, the shares are treated as being acquired at the end of the year and the shares are treated as being acquired at the beginning of the year.
Therefore, the adjustment to the weighted-average shares for retired shares is the same as for issuing new shares except when the shares are deducted rather than added.
On October 31, the stockholders’ equity section of Sunland Company’s balance sheet consists of common stock $696,000 and retained earnings $397,000. Sunland is considering the following two courses of action: (1) Declaring a 5% stock dividend on the 87,000 $8 par value shares outstanding (2) Effecting a 2-for-1 stock split that will reduce par value to $4 per share. The current market price is $15 per share. Prepare a tabular summary of the effects of the alternative actions on the company’s stockholders’ equity and outstanding shares.
Answer: Please find answers in the explanation column
Explanation:
Summary of the effects of the alternative actions on the company’s stockholders’ equity and outstanding shares.
Before action After stock dividend After stock split
Stockholder's equity
Paid in capital $696000 696000+ $65,250 $696,000
=$761,250
Retained earnings $397000 397000-($65,250) $397,000
=$331,750
Total Stockholder's
equity $1,093,000 $1,093,000 $1,093,000
Outstanding shares $87,000 87000 + 4,350 87000 x 2 =
=$91, 350 $174,000
Calculations:
stock dividend = Number of outstanding shares x percentage of dividend
= 87,000 x 5% =4,350
Amount to purchase 4,350 shares= number of shares x market value per share = 4,350 x 15= n$65,250
Number of shares after stock split of 2-for -1 = 87,000 x 2 = 174,000
The market value of Charcoal Corporation's common stock is $20 million, and the market value of its risk-free debt is $5 million. The beta of the company's common stock is 1.25, and the market risk premium is 8%. If the Treasury bill rate is 5%, what is the company's cost of capital
Answer:
The company's cost of capital will be "13%".
Explanation:
The given values are:
Risk free rate
= 5
Beta
= 1.25
Market risk premium
= 8
Now,
⇒ [tex]cost \ of \ common \ stock=Risk \ free \ rate+Beta\times Market \ risk \ premium[/tex]
On substituting the estimated values, we get
⇒ [tex]=5+(1.25\times 8)[/tex]
⇒ [tex]=15 \ percent[/tex]
The total value will be:
= [tex]20 +5[/tex]
= $[tex]25 \ million[/tex]
As we know,
⇒ [tex]WACC=Respective \ costs\times Respective \ weights[/tex]
⇒ [tex]=(\frac{20}{25}\times15)+(\frac{5}{25}\times 5)[/tex]
⇒ [tex]=12+1[/tex]
⇒ [tex]=13 \ percent[/tex]
Note: % = percent
Life insurance companies like Prudential hope to get you to worry about how your loved ones will provide for themselves once you have passed away. They paint a very gloomy picture of the possible consequences of not having life insurance, and they make a point of recommending that you act immediately because you never know when it is going to be too late. This is an example of a
Answer:
Fear appeal.
Explanation:
In this scenario, Life insurance companies like Prudential hope to get you to worry about how your loved ones will provide for themselves once you have passed away. In order to buttress their point, they paint a very gloomy picture of the possible consequences of not having life insurance, and they make a point of recommending that you act immediately because you never know when it is going to be too late. This is an example of a fear appeal.
A fear appeal can be defined as the act of persuading potential customers to change a risky behavior by highlighting adverse or negative consequences that may arise if they do not subscribe to a service or use a particular product. The main purpose of a fear appeal is to cajole people into buying a product or using a service by using their fears as a motivation.
Consent of the client before completion of a trade made between the firm and a client must be made when A) an investment adviser will be acting in the capacity of a principal B) a broker-dealer will be acting in the capacity of a principal C) a broker-dealer will be acting as a contra party to the trade D) a broker-dealer will be acting in the capacity of an agent
Answer:
A) an investment adviser will be acting in the capacity of a principal
Explanation:
In case when the consent of the client made prior to completing the trade among the firm and client is made when the investment advisor would be acting as a principal i.e he has a capacity to act as a principal
Therefore in the given situation, option A is correct and the same is to be considered
hence, all other options are incorrect
Question 23 of 40
Jesse has a balance of $1200 on a credit card with an APR of 18.7%,
compounded monthly. About how much will he save in interest over the
course of a year if he transfers his balance to a credit card with an APR of
12.5%, compounded monthly? (Assume that Jesse will make no payments or
new purchases during the year and ignore any possible late payment fees.)
A. $181.46
B. $85.77
C. $117.85
D. $87.33
Answer:
B. $85.77
Explanation:
85.77
Final Exam on AP3X said its right
