Question 14 Previous Next> The industry-low, industry-average, and industry-high cost benchmarks that appear on p. 6 and p. 7 of each issue of the Footwear Industry Report o are important enough to always merit attention by your company's managers, this is because when the benchmarks for one or more measures reveal that your company's outcome(s) were too far out-of-line and almost certainly impaired/weakened your company's overall performance, then your management team is well-advised to consider taking corrective action in the next decision round are of considerable value to the managers of companies pursuing a low-cost strategy but are of very limited value to company managers employing other types of strategies. are most valuable to the managers of companies whose cost benchmarks are above the industry-average benchmarks and/or who are looking for evidence to confirm a suspected need to secure more celebrity endorsements in the upcoming decision round and steal branded market share away from rivals in one or more regions are of little value because the benchmarking data do not identify which companies have the lowest/highest costs for any of the reported cost benchmarks. are of considerable value to the managers of companies whose prior-year EPS was below the industry-average benchmark in one of more geographic regions.

The correct option is D: taking unjustified sick leave. Unjustified sick leave is when an employee is absent without any legitimate reason or without informing the employer.

Employee behavior refers to an employee's activities, activities, and habits while on the job. Employees with good behavior typically work hard, are courteous to coworkers and management, follow company policies, and do not steal from the company.

A few examples of negative employee behavior include workplace theft, lying to management, stealing time from the company, and violation of company policies.

Taking unjustified sick leave is an example of an employee acting unethically towards his or her employer. An employee is given sick leave to recover from sickness, and if they take leave without any illness or reason, it is unethical. It not only causes a problem for the company, but it also sets a terrible example for other employees.

Unethical behavior may cost the company both financially and socially. It may also lead to decreased trust in the company, a decrease in customer satisfaction, and legal action.

Unethical employee behavior might have serious consequences for the company's reputation. Therefore, it is critical that companies keep a close eye on their employees' behavior and take corrective measures if necessary.

The correct option is D: taking unjustified sick leave.

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The book value per share for a corporation is based on the excess of total assets over total liabilities.

The book value per share (BVPS) is a way of assessing how much each share of stock would be worth if the company were to liquidate all of its assets and settle all of its obligations with creditors and shareholders. It's calculated by dividing the company's total equity by the number of outstanding shares.

The book value per share is calculated by dividing the shareholder equity by the total number of outstanding shares. Shareholders' equity is calculated as the difference between the total assets and total liabilities of a business enterprise. In general, a higher book value per share is preferable, as it indicates that the company's assets exceed its liabilities and that it has sufficient reserves to cover any outstanding debts or obligations.

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When aggregate income increases, the price of pizza increases and the quantity purchased increases. Hence option B. is correct.

Simple model of the supply and demand is a simplified model that explains how the supply and demand of a commodity in a market interact to generate the market price and quantity sold.

There are various assumptions made in the simple model of the supply and demand which include; The market consists of many buyers and sellers. The commodity being traded is homogeneous. The buyers and sellers have perfect information about the commodity.

There are no trade barriers. There is no external intervention such as taxes, subsidies, and others. When aggregate income increases, the price of pizza increases and the quantity purchased increases.

Hence option B. increases; increases is correct.

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The probability proportional to size selection is used with variables sampling only monetary.

What is probability proportional to size (PPS)? Probability proportional to size (PPS) is a method of sampling. In this technique, a weighted selection procedure is used. In other words, the probability of selecting an item is proportional to its size.

How do we use the probability proportional to size method of sampling? We use the probability proportional to size method of sampling to ensure that each item in a population has an equal chance of being selected. The probability of choosing an item is determined by its size or value.

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In a Solow- model with technological change, if population grows at a 2 percent rate and the efficiency of labor grows at a 3 percent rate, then in the steady state, output per actual worker grows at a 5 percent rate. This is because in the Solow- model, the rate of increase of output per worker is equal to the sum of the rates of population growth, capital accumulation, and technological progress, and in this example, 2 percent + 3 percent = 5 percent.

In the Solow growth model of Chapter 8, consumption per worker (c) equals: (1 + x)y - sy (1 - s)y - i (1 - s)y, where 5 is the saving rate, y is output per worker, and t is investment per worker. According to the Solow model, persistently rising living standards can only be explained by saving rates, technological progress, capital accumulation, and population growth.


In order to ensure persistently rising living standards, the rate of technological progress must be greater than the rate of population growth. This means that the population growth rate must remain below the technological progress rate in order to ensure that output per actual worker increases.

The Solow growth model relies heavily on technological progress in order to explain the rise of living standards. Technological progress is responsible for increasing the productivity of workers and for allowing for a larger capital stock. Without technological progress, the production possibilities curve of the economy would remain unchanged, meaning that living standards would remain constant.

In conclusion, the Solow growth model states that persistently rising living standards can only be explained by saving rates, technological progress, capital accumulation, and population growth. Specifically, in order to ensure persistently rising living standards, the rate of technological progress must be greater than the rate of population growth. Technological progress is responsible for increasing the productivity of workers and for allowing for a larger capital stock.

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Answer:

B. conglomerate territorial agreement

Customers are naturally excited about make-to-stock, finish-to-order, make-to-order, and engineer-to-order. An operations and supply chain manager is far more interested in the point in the supply chain at which the customization occurs.

The objective of supply chain management is to enhance customer service while reducing inventory levels and total costs. Supply chain management entails the management of the physical, informational, and monetary flows between suppliers and customers within a supply chain network.

Supply chain management is concerned with the following:

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The current price of the bonds is [tex]$1,238.55[/tex].

Given, Grossnickle Corporation issued 15-year, non-callable, annual coupon bonds at their par value of [tex]$1,000[/tex] one year ago. Today, the market interest rate on these bonds is 4.2%. We need to find out the current price of the bonds, given that they now have 14 years to maturity.

To calculate the current price of the bonds, we need to calculate the bond value (PV) based on the prevailing interest rate, which is [tex]4.2%[/tex].

The bond value calculation formula is

PV = C * (1 - (1 + r)-n)/ r + FV/ (1 + r)n

where,

C = coupon rate =[tex]6.1%[/tex]

FV = Face value of the bond = [tex]$1000[/tex]

n = no. of years to maturity = 14 year

sr = market interest rate = [tex]4.2%[/tex]

Therefore, the current price of the bonds is [tex]$1,238.55.[/tex]

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Intro A bond has an annual coupon rate of 4%, a face value of $1,000, a price of $1,169.78, and matures in 10 years. The bond's yield to maturity is 3.37%.

Annual coupon rate = 4%

Face value (par value) = $1,000

Price of the bond = $1,169.78

Maturity = 10 years

Now, we need to calculate the yield to maturity or YTM of the bond.

PV of Bond = Coupon Payment x (1 – 1 / (1 + r) ^ n) / r + Face Value / (1 + r) ^ n

Where PV is the present value,

r is the YTM or yield to maturity, and n is the number of years.

Coupon payment = Face Value × Annual Coupon Raten = Number of Years

Let's substitute the values in the formula to find out the yield to maturity of the bond.

PV of Bond = $1,169.78

Coupon Payment = $40 [$1,000 (Face Value) x 4% (Annual Coupon Rate)]

n = 10 years

YTM = 0.0337 or 3.37%.

Therefore, the bond's yield to maturity is 3.37%.

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The estimated regression equation is: satisfaction = 2.809 + 0.157*X1 + 0.338*X2.

This regression equation is the linear equation that best describes the relationship between two variables. Regression can be divided into several types such as simple regression, nonlinear regression, and multiple regression. 

The overall regression is significant, as proved by the P-value which is <0.001 and the adjusted R-squared value of 0.768, which indicates a good fit of the model to the data.

The two independent variables, Trade Price (X1) and Speed of Execution (X2), are both significant, as their P-values are < 0.001.

The estimated regression equation is: satisfaction = 2.809 + 0.157*X1 + 0.338*X2

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Based on the Management in Action case, the correct answer is a. manager's behavior.

The case describes how Carnival's new CEO, Arnold Donald, implemented a number of changes to the company's organizational structure, management practices, and culture, in order to address a range of issues that had been affecting the company's performance and reputation. These changes included a focus on safety, environmental sustainability, and employee engagement, as well as a reorganization of the company's business units and a new emphasis on data-driven decision-making. All of these changes were driven by the behavior of the company's top managers, who recognized the need for change and took decisive action to make it happen. While customer concerns, political pressures, and shareholder concerns may also have played a role in motivating change at Carnival, the case suggests that the most important force for change was the behavior of the company's own leaders.

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The partially completed pension spreadsheet showing the relationships among the elements that comprise the defined benefit pension plan of Universal Products.

The actuary's discount rate is 5%, and the expected rate of return on assets was 8%.

In the spreadsheet, the following entries need to be completed: present value of accrued liabilities, funded status, contribution amount, value of assets, amortization of prior service cost and amortization of net gains or losses.

Present value of accrued liabilities = Present value of benefits earned but not yet paid to employees.

This can be calculated using the actuary's discount rate of 5%, and the average remaining service life of the active employee group of 20 years.

Funded status = Difference between the present value of liabilities and the value of assets.

This can be calculated by subtracting the present value of liabilities from the value of assets.

Contribution amount = Amount required to cover the difference between the present value of liabilities and the value of assets.

This can be calculated by subtracting the value of assets from the present value of liabilities.

Value of assets = Market value of assets available to meet current and future liabilities.

This can be calculated using the expected rate of return on assets of 8%, and the average remaining service life of the active employee group of 20 years.

Amortization of prior service cost = Amount of prior service cost that is amortized each year over the average remaining service life of the active employee group.

This can be calculated by dividing the prior service cost of $120,000 by the average remaining service life of the active employee group of 20 years.

Amortization of net gains or losses = Amount of net gains or losses that is amortized each year over the average remaining service life of the active employee group.

This can be calculated by dividing the net gains or losses by the average remaining service life of the active employee group of 20 years.

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The stakeholder is making an objection related to the data analysis, specifically questioning whether the differences in the data have been properly controlled for.

The stakeholder's objection suggests that there are differences in the data that may have a significant impact on the findings of the analysis. These differences could be related to various factors such as demographics, experimental conditions, or sampling methods.

Controlling for differences means ensuring that these factors are taken into account and their impact is minimized or eliminated. Failing to do so could lead to biased or inaccurate results.

The objection highlights the importance of conducting thorough data analysis that considers potential confounding factors and controls for them appropriately to ensure the validity and reliability of the findings.

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Answer:

Operating activities relate directly to the business providing its goods to the market, including manufacturing, distributing, marketing, and selling; they provide most of the company's cash flow and hugely influence its profitability

Explanation:

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If Gold Bank is a depository institution that suffers from a lack of liquidity, it may be eligible for primary credit from the Federal Reserve if this is a temporary issue and the bank is otherwise in sound financial condition,

Primary credit is a form of short-term funding provided by the Federal Reserve to depository institutions that are in generally sound financial condition but are experiencing temporary liquidity problems. The primary credit program is intended to provide a reliable source of short-term funding to depository institutions in order to help them meet their obligations and maintain the stability of the financial system.

To be eligible for primary credit, depository institutions must meet certain requirements, such as being in generally sound financial condition and having collateral that is acceptable to the Federal Reserve. However, the exact eligibility criteria may vary depending on the specific circumstances and the discretion of the Federal Reserve.

In the case of Gold Bank, if the lack of liquidity is a temporary issue and the bank is otherwise in sound financial condition, it may be eligible for primary credit from the Federal Reserve. However, this would depend on the specific circumstances and the discretion of the Federal Reserve.

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The correct answer is impulse purchases. Examples of opportunity buying excludes impulse purchases.

Opportunity buys are products that are purchased at a discounted rate, usually in bulk, and typically have limited availability. This includes volume discounts, introductory offers, and salvage buys. However, impulse purchases are made spontaneously, usually at full price.

Opportunity buys are purchases made by a company or individual due to a unique opportunity to buy a product or service at a lower price than normal.

An example of an opportunity buy is when a company offers a volume discount to a buyer who agrees to purchase a large number of products at once.

Here are the examples of opportunity buys:

Impulse purchases

Introductory offers

Salvage buys

Therefore, the correct answer is option 2) impulse purchases.

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It is true that during the growth stage of the product life cycle, sales begin to rise as companies begin to take advantage of economies of scale in purchasing, manufacturing, and distribution because they want to expand their distribution channels and consider new markets to maximize sales and profits.

The product life cycle is a marketing concept that explains the stages a new product goes through during its time on the market. These four stages are: introduction, growth, maturity, and decline.

During the growth stage of the product life cycle, sales and profits begin to rise as a result of a variety of factors. Companies may begin to take advantage of economies of scale in purchasing, manufacturing, and distribution. Economies of scale are a cost-saving concept in which the cost of producing or providing a product or service decreases as the volume of production or output rises.

During the growth stage of the product life cycle, sales increase as the product becomes more well-known, sales channels expand, and consumer demand grows. This stage is characterized by an increase in advertising and promotion expenditures to encourage more people to purchase the product. During the growth stage, companies may also expand their distribution channels and consider new markets to maximize sales and profits.

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On April 25, Foreman Electric installs wiring in a new home for $3,500 on account.

On the same day, a journal entry of Debit Accounts Receivable and Credit Service Revenue is recorded. On April 27, Foreman’s electrical work does not pass inspection and Foreman grants the customer an allowance of $600 because of the problem. This is recorded as a Debit Allowance for Uncollectible Accounts and Credit Accounts Receivable. On April 30, the customer makes full payment of the balance owed, excluding the allowance, and a journal entry of Debit Cash and Credit Accounts Receivable is recorded. The net revenue associated with these transactions is $2,900 ($3,500 less $600).

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The correct answer is: (B) "Noncommunicable disease mortality later in life is becoming increasingly common."

Noncommunicable diseases (NCDs) such as heart disease, cancer, diabetes, and chronic respiratory diseases are a major cause of death and disability worldwide, including in developing countries. Early mortality from NCDs can certainly limit economic growth, as it can result in a loss of productivity and an increased burden on healthcare systems. However, it is more likely that NCD mortality later in life is becoming increasingly common, as populations in developing countries are aging and facing greater exposure to risk factors such as unhealthy diets, physical inactivity, tobacco use, and air pollution.

This trend can also have significant economic implications, as it can result in increased healthcare costs and reduced productivity among older workers.

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Answer:

Withdrawing cash cannot be done from online banking app as you cannot have the money in your hand as it is online.

The auditor must re-perform the omitted procedures and consider any findings in evaluating the financial statements and in forming the opinion.

The US Generally Accepted Auditing Standards (GAAS) guidance relevant to this matter states that when an auditor of a nonissuer becomes aware that one or more auditing procedures that the auditor considered necessary in the circumstances existing at the time of the audit were omitted from the audit of the financial statements, they must take certain action within a certain period after the audit report's release date. The auditor must re-perform the omitted procedures and consider any findings in evaluating the financial statements and in forming the opinion.

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In an accounting information system (AIS), certain source documents must be included in order to control purchasing and accounts payable. For a manufacturing organization, the best set of documents would include the following purchase requisition, purchase order, and receiving report invoice.

1. Purchase requisition: The request for materials or goods that will be needed for production is known as a purchase requisition. It's normally generated by the purchasing department or a department that has been approved to make purchases.

2. Purchase order: The document that authorizes the supplier to deliver the goods and the terms under which the delivery will take place is known as a purchase order. It's generally sent to the vendor following the creation of the purchase requisition.

3. Receiving report: When products are delivered, a receiving report is created. It identifies the receipt of goods and serves as evidence that the goods were received in the proper condition and amount.4. Invoice:Finally, the vendor will send an invoice after the goods have been delivered. It includes the details of the order, as well as the total sum due for the products. This is utilized by the accounting department to record the bill in the accounting system.

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Demenna Inc.'s accounts receivable balance is $150,000.

To calculate Demenna Inc.'s accounts receivable balance, we need to add up the balances of all the accounts in its subsidiary ledger.

According to the information provided, the balances in the subsidiary ledger are:

To find Demenna's total accounts receivable balance, we simply add up these amounts:

Total accounts receivable balance = $10,000 + $20,000 + $30,000 + $40,000 + $50,000

= $150,000

Therefore, account receivable balance = $150,000.

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Answer: Option A is the correct answer. The following would not lead to a shift in the demand curve for bananas: an increase in the price of oranges

Explanation: Shifts in demand curves can occur as a result of a variety of factors, including changes in consumer income, preferences, and the prices of related goods. A shift occurs when there is a change in the quantity demanded at each price, resulting in a new demand curve.

In this case, an increase in the price of oranges would not lead to a shift in the demand curve for bananas. This is because oranges and bananas are not considered complementary goods that are usually used together. As a result, a change in the price of oranges would not have a direct impact on the number of bananas demanded by consumers. Thus, option A is the correct answer.

A shift in the demand curve for bananas can occur as a result of the following factors: a decrease in incomes for consumers and an increased preference for bananas decrease in the price of bananas.

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The Alexander, ages 43 and 44, each earn substantial salaries but do not participate in any type of employer-sponsored qualified retirement plan. option A) "The couple can each contribute $6,000 to a traditional IRA and take a $12,000 above-the-line deduction on their joint Form 1040" is true.

In the given scenario, Alexander, ages 43 and 44, each earn substantial salaries but do not participate in any type of employer-sponsored qualified retirement plan. The couple can each contribute $6,000 to a traditional IRA and take a $12,000 above-the-line deduction on their joint Form 1040. The above statement is true. Above-the-line deductions are those that are subtracted from your gross income before your taxable income is determined. The deduction for the contribution to the Traditional IRA is an above-the-line deduction. The couple can contribute up to $6,000 each to their traditional IRA accounts and take a $12,000 above-the-line deduction on their joint Form 1040.

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(a) The probability distribution of Y is as follows:

Y 0 1 2 3 4 or more

Probability 0.58 0.23 0.11 0.05 0.03

(b) The mean of Y is 0.37 and the standard deviation is 0.58. This can be calculated using the formula:

Mean = Σ (x * P(x)) = 0 + 0.23 + 0.11 + 0.05 + 0 = 0.37

Standard Deviation = √Σ [(x - μ)2 * P(x)] = √[(0 - 0.37)2 * 0.58 + (1 - 0.37)2 * 0.23 + (2 - 0.37)2 * 0.11 + (3 - 0.37)2 * 0.05 + (4 - 0.37)2 * 0.03] = 0.58

(c) The mean and standard deviation of the selling price for the fat quarters sold by Company G are $3.50 and $0.66 respectively. This can be calculated by subtracting $1

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In the following question, Hideo and Hannah decide to go on a vacation. As a result, they withdraw $5,000 from their savings account to purchase $5,000 worth of traveller's checks. As a result of these changes, The correct answer is C. M1 increases by $5,000 and M2 stays the same.

M1 (M1-Money supply) refers to all physical money circulating in an economy, such as coins and paper money. When Hideo and Hannah withdrew $5,000 from their savings account, it increased the amount of physical money circulating in the economy, and thus M1 increases by $5,000. M2 (M2-Money supply) refers to all physical money circulating in an economy plus all the other forms of money such as checking accounts and savings accounts. Since they withdrew the money from their savings account, M2 decreases by $5,000.

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The risk that a borrower may prepay the mortgage in response to a decline in interest rates is called prepayment. The correct option is option d.

A prepayment is a cash payment made before the scheduled due date for a debt service obligation. Prepayments can be made in installments or in a lump sum, and they are frequently made in the form of mortgage payments. They are made by borrowers who want to reduce their outstanding debt sooner than anticipated or who want to decrease the amount of interest they will pay over time.

The reinvestment rate is the amount of money that an investor can expect to earn on a particular investment in the future. The reinvestment rate is influenced by a variety of factors, including the interest rate on the investment, the type of investment, and the investor's risk tolerance.

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a. The amount Jim should include in his gross income is $283. This is because bartering is taxable, and the fair market value of the goods or services exchanged is included in the income. In this case, Jim received $283 worth of car repair services from another club member, so he should include this amount in his gross income.

b. Jim should include $555 in his gross income. Although he did not receive the ski pass, he received a credit that had a value of $555, which he could have used to purchase other goods or services from club members. Since the credit was not used, it is still considered taxable income.

c. Jim should include $460 in his gross income. The credit that he received is only applicable for goods or services from club members next year, but it still has a value of $460. Therefore, it is considered taxable income for the year in which it was received.

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A company wants to protect its intellectual property from theft. The company has already applied ACLs and DACs. The company should use DRM (Digital Rights Management) to prevent data theft. The answer to the given question is option B.

"DRM or Digital Rights Management should the company use to prevent data theft.

Digital Rights Management (DRM) is an umbrella term for a set of technological and legal tools designed to protect copyright or other intellectual property rights, mostly in digital formats.

Watermarking: Watermarking is the procedure of affixing a digital signature or some other marker to the contents of a file, frequently a digital image, video, or audio recording, to indicate that it is the intellectual property of a particular person, company, or organization.

NDA: NDA or Non-Disclosure Agreement is a legally binding agreement between two or more parties that prohibits the disclosure of confidential information that is exchanged between the parties.

Access Logging: Access logging is a method of recording all activities that occur on a specific system or network during a given period of time. The logs keep track of user activities, such as who accessed which resources, from where, and when.

Therefore, the company should use DRM to prevent data theft.

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