Answer: $280,000
Explanation:
First find the ending inventory;
= Beginning inventory + Units Produced - Units sold
= 0 + 60,000 - 50,000
= 10,000 units
The find the Variable costs per unit;
= Direct materials + Direct labor - Variable overhead
= 15 + 12 + 1
= $28
Ending inventory under variable costing = 10,000 * 28
= $280,000
You want to buy a new sports coupe for $92,500, and the finance office at the dealership has quoted you an APR of 74 percent for a 60 month loan to buy the car
a. What will your monthly payments be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
b. What is the effective annual rate on this loan? (Do not round intermediate celculations. Enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.)
a. Monthly payment
b. Effective annual rate
Answer:
a) we must first determine the effective interest rate
effective monthly interest rate = APR / 12 = 7.4% / 12 = 0.617%
monthly payment = present value x annuity factor
present value = $92,500
PV annuity factor, 0.617%, 60 periods = 50.024
monthly payment = $92,500 / 50.024 = $1,849.12
b) effective annual rate = (1 + 7.4%/12)¹² - 1 = 0.076562 = 7.66%
If a bank has $120,000 of checkable deposits, a required reserve ratio of 20 percent, and it holds $40,000 in reserves, then the maximum deposit outflow it can sustain without altering its balance sheet is
Answer:Maximum deposit outflow sustainable without altering its balance sheet is $20,000
Explanation:
Given
Check able deposits =$120,000
Required reserve ratio= 20 percent
Reserve=$40,000
Maximum deposit outflow sustainable = (Reserve - percentage of checKable deposits)/ 1- required reserve ratio
(40,000 - 0.2 x 120,000) / 1-0.2
(40,000-24,000) / 0.8
16,000/0.8
=$20,000
Your company, Cool Stuff Incorporated, makes air conditioners (AC) and fans. Each AC makes $25 profit per unit and each fan makes $15 profit per unit. Each AC needs 3 hours of assembly and 2 hours for painting. Each fan requires 2 hours of assembly and 1 hour of painting. Each week you have 240 hours of assembly and 140 hours of painting available. a. How many ACs and fans should you make to maximize profit
Answer:
In order to maximize our profit we make 40 AC's and 60 Fan's and the profit earned will be $1900.
Explanation:
This question is from Linear programming and will be solved using its methods.
Let
x = No of Air conditioner
y = No of fans
we need to maximize our profit
Z= 25x +15y
we have the constraints
3x+2y [tex]\leq[/tex] 240 ( For assembling AC and Fan)
2x + y [tex]\leq[/tex] 140 ( For painting AC and Fan)
x , y [tex]\geq[/tex] 0
We get an intersection at the point (40, 60)
Z = 25x + 15y
= 25*40 + 15*60
= 1000 + 900
Z= $1900
Therefore we need to make 40 AC's and 60 Fan's in order to maximize our profit. The profit from making 40 AC's and 60 Fan's will be $1900.
Marketing is all of the activities used to exchange goods and services between businesses and consumers.
true
false
Answer: True
Explanation:
With the exception of malpractice, liability for torts committed by others in a firm cannot be imposed on the shareholders of
Answer:
A Professional Corporation.
Explanation:
Discretionary costs have two important features. The first feature arises from periodic decisions regarding the maximum amount to be incurred. The second feature is it has no measurable cause-and-effect relationship between output and ________.
a. resources available
b. discrete differences in sales volume
c. market costs
d. resources used
Answer:
d. resources used
Explanation:
Discretionary cost is simply a cost derived from discretionary expenses. It is the cost with which a business or household can do withoit. Discretionary expenses are usually nonessential spending in nature as it is usually wants rather than needs. , Discretionary are simply non-essential expenses. They are expenses for things we don't need e.g eating out, gifts and others.
The Putting Lot provides a useful service in that it provides people in the area with entertainment without them having to travel. The services it offers also provides hedonic value, as people enjoy them. Based on this information, the services offered by The Putting Lot can be described as:_____________.
a. Salutary products
b. Pleasing products
c. Desirable products
d. Deficient products
Answer:
Option C. Desirable products
Explanation:
In sustainable Marketing, it is socially and environmentally capable type of marketing that meets the present needs of consumers and businesses while also keeping/ /enhancing the ability of future generations to meet their needs.
There are 4 types of Products. They adre deficient, pleasing, salutary and desirable.
Desirable Products are simply products that provides both high, quick/ immediate satisfaction and high long run benefits to its consumption/use.Puttings service becomes desirable if it provides the needed services and satisfaction that is derived from services offered.
When existing products are given superficial changes and marketed as new to maximize profits is referred to as
Answer:
planned obsolescence
Explanation:
Planned obsolescence is a marketing strategy that focuses on deliberately launching new versions of existing products that are only slightly changed, but they make the existing product obsolete. The most common example are minor changes in cars made every year that make them the new version, while major changes only occur every 5 or 6 years. Another example is using irreplaceable batteries in smartphones, tablets or notebooks. Once the batteries start to fail, you have to replace the whole product.
is (are) defined as any method for making a choice. A decision model The implementation model Relevant costs The prediction method
Answer:
Decision model
Explanation:
Decision model is a framework that guides how decisions are made based on perception, organisation, and management considerations.
Conclusions are made from available facts and this guides the choice of action to be taken in any given scenario.
Decision model is made up of a diagrammatic representation of logical statements and the implications of each decision.
These are weighed in order to decide on a final choice or decision.
Based on the constant demand assumption in the economic order quantity (EOQ) model, the average cycle inventory is: Question 20 options: the order quantity divided by the number of inventory cycles per year. the annual demand divided by the number of inventory cycles per year. half of the order quantity. half of the annual usage.
Answer:
c. half of the order quantity
Explanation:
Based on the constant demand assumption in the economic order quantity (EOQ) model, the average cycle inventory is half of the order quantity
Economic order quantity is a quantity which minimizes the ordering cost and holding cost
Q = EOQ = [tex]\sqrt{2*D*S/ H}[/tex] where D = Demand unit, S = Order cost and H = Holding cost
- Ordering cost and the Holding at EOQ will be same
- Average inventory = Q/2
- Average inventory is the half of the order quantity.
Marin Company's accounts receivable arising from sales to customers amounted to $131000 and $114000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $498000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is
Answer:
$481,000
Explanation:
To determine the cash flows from operating activities, the net Income for the year must be adjusted by non - cash items and changes in working capital items.
Therefore, given a decrease in Accounts Receivable $17,000 ($131000 - $114000) . Then the cash flows from operating activities to be reported on the statement of cash flows is $481,000 ($498000 - $17,000) .
Discuss how construction of a portfolio can lower the risk of an investor.
Answer:
Simply put, the other meaning portfolio construction is diversification of risk. Portfolio construction is the one of simplest way of reducing risk without significantly affecting the returns.
Ways of diversifying risk includes Pension Funds, Mutual Fund, Equity, Stocks, Debt / Bonds, Retirement Saving, etc. If someone had made their investment in only one asset class, then there will be less returns available with high risk. while doing portfolio investment, it will give a systematic and controlled risky investment with higher return opportunities because some assets will perform well while other do poorly. but next year scenario could be changed or reversed. There are some thumb rules while doing portfolio investment, but it can be changed based on individual's personal goal.
Cash equivalents:______.
A. Include savings accounts.
B. Include checking accounts.
C. Are readily converted to a known cash amount.
D. Include time deposits.
E. Have no immediate value.
Answer:
C. Are readily converted to a known cash amount.
Explanation:
Highly liquid short term assets are those which are ready available for conversion into cash. These are also called Liquid assets. Highly liquid investment are made for short term investment interest revenues.
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Select the qualification that is best demonstrated in each example.
Vera is a High School Principal who sets a goal that more than half of the students from her high school will go on to
college in four years
Cedric is a Preschool Education Administrator who stays calm and patient even when dealing with parents who are
angry with one of the teachers in his school.
Jessie is a School District Administrator who manages the budget for a school district and decides how money will b
spent.
Kelly is a Middle School Principal who analyzes information about class sizes to decide how many teachers the
school will need the next year.
Intro
Done
Answer 1. Long term2.stress3.fiancé4.critical
Explanation:
Answer:
Vera is a High School Principal who sets a goal that more than half of the students from her high school will go on to college in four years
✔ long-term planning skills
Cedric is a Preschool Education Administrator who stays calm and patient even when dealing with parents who are angry with one of the teachers in his school.
✔ stress-management skills
Jessie is a School District Administrator who manages the budget for a school district and decides how money will be spent.
✔ finance skills
Kelly is a Middle School Principal who analyzes information about class sizes to decide how many teachers the school will need the next year.
✔ critical thinking skills
Explanation:
The amount of cash that remains after deducting the funds a company must commit to continue operating at its planned level is called:
Answer:
free cash flows
Explanation:
In order to calculate a company's free cash flow, we can use the following formula:
free cash flow = net income + non-cash expenses (depreciation and amortization) - increase in net working capital - capital expenditures (investing activities)
free cash flows differ from net income, but they are generally more relevant for financial analysis since cash is king an no company can survive without cash even if its profits are huge.
Frictional and structural unemployment can be alleviated by implementing a supply-side policy such as 19) A) * decreasing government subsidies. B) increasing the power of trade unions. ) cutting back on business spending on educational training. D) the government giving tax breaks to companies locating in poor geographic areas.
Answer: the government giving tax breaks to companies locating in poor geographic areas.
Explanation:
What is the standard deviation of a stock that has a 10% chance of earning 18%, a 10% chance of making 11%, a 40% chance of making 5%, and a 40% chance of making 22%?
A. 7.95%.
B. 13.70%.
C. 7.78%.
D. 13.05%.
Answer:
A. 7.95%.
Explanation:
Calculate the expected rate of return for the investment as follows:
[tex]\begin{aligned}
\text { Expected rate of return } &=(\text { Probability } \times \text { Rate of return })+(\text { Probability } \times \text { Rate of return })+\\
&(\text { Probability } \times \text { Rate of retum }) \\
=&(0.40 \times 15 \%)+(0.50 \times 10 \%)+(0.10 \times-3 \%) \\
=& 0.06+0.05-0.003 \\
=& 0.107[/tex]
Calculate the standard deviation of the investment as follows:
[tex]\begin{aligned}
\text { Standard deviation }=&\left\{\begin{array}{l}
\text { Probability } \left.\times(\text { Return }-\text { Expected return })^{2}\right)+ \\
\text { (Probability } \left.\times(\text { Return }-\text { Expected return })^{2}\right)+ \\
\text { (Probability } \left.\times(\text { Return }-\text { Expected return })^{2}\right)
\end{array}\right.[/tex]
=[tex]\sqrt{\left(0.40 \times(0.15-0.107)^{2}\right)+\left(0.50 \times(0.10-0.107)^{2}\right)+} \\
=\sqrt{0.0007396+0.0000245+0.0018769} \\
=\sqrt{0.002641} \\
=0.05139066063011[/tex]
What are the three basic types business organizations? *
O Sole Proprietors, Non Profits and Cooperatives
O Corporations, Cooperatives and Franchise
O Sole Proprietorships, Partnership and Cooperative
O Sole Proprietorships, Partnership and Corporation
Answer:
Sole Proprietorships, Partnership and Corporation
Explanation:
Sole proprietorships businesses are the most common and simple type of business ownership. They are owned by one person. Legally, the business and the person are considered as a single entity. The owner enjoys all the profits by themselves and suffers the losses alone.
Partnerships require two or more individuals to combine their resources, time, and effort in creating a business. Partnerships are mostly started by friends or family members with similar business objectives. A partnership is easy to forms. The firm passes its income as the income of partners.
A corporation requires the preparation of some legal documents to register. A corporation is considered a distinct entity from its owners. It enjoys commercial rights to own assets, incur expenses and liabilities, sue and be sued, and pay its tax obligations. A corporation is suited for large businesses.
Accounting, inventory management, and shipping are part of order fulfillment and referred to as __________ operations.
A) Back-office
B) Customer-facing
C) Front-office
D) Logistics
Answer: back office
Explanation:
The back office in an organization is simply the part of the organization that is made up of the employees that deals.with administration and also tge support personnel and are typically not required to face the customers or clients like the front office employees.
Some of the back-office functions are IT services, Regulatory compliance, shipping, record maintenance, settlements, accounting, etc.
The most important part about having an effective organizational culture is to:
a. ensure that all your values are expressed clearly in the mission statement.
b. reinforce the values in employees through cards, pins and desk sets.
c. include the values in employee on-boarding sessions.
d. ensure that words are aligned with behaviors.
Answer:
d. ensure that words are aligned with behaviors.
Explanation:
Of course, we can argue that it is not all about expressing clearly the organization's culture in the mission statement or writing them on cards, pins, desk sets, etc which may not even make any difference among employees, neither is simply including the values in the employee recruitment process.
However, what really matters is that the organization ensures all the words about the organization's culture on paper are aligned with the behaviors of employees as they carry out their assignments.
For example, an organization that merely writes on paper that it doesn't tolerate discrimination in the workplace on the basis of race, gender, etc, and yet still allows open discriminatory practices has failed to align words with behavior.
Kellogg Co. (K) recently earned a profit of $2.22 earnings per share and has a P/E ratio of 19.35. The dividend has been growing at a 6 percent rate over the past few years. If this growth rate continues.
Required:
a. What would be the stock price in four years if the P/E ratio remained unchanged?
b. What would the price be if the P/E ratio declined to 16 in four years?
Answer and Explanation:
The computation is shown below:
The following formula should be used
= P/E ratio × EPS × (1 + growth rate)^n umber of years
a. The stock price in four years is
= $19.35 × $2.22 × (1 + .06)^4
= $54.23
b. The stock price in four years in the case when the P/E ratio fall to 16
= $16 × $2.22 × (1 + .06)^4
= $44.84
We simply applied the above formula so that the correct price could come
And, the same is to be considered
thinking strategically about industry and competitive conditions in a given industry involves evaluating such considerations as
Answer:
E. how often sellers alter their prices, how sensitive buyers are to price differences among sellers, whether the item being purchased is a good or a service, and whether buyers buy frequently or infrequently.
Explanation:
Options are "A. cultural, lifestyle, and demographic changes, B. the birth of new industries, new knowledge, and disruptive technologies, C. weather, climate change, and water shortages, D. interest rates, exchange rates, unemployment rates, inflation rates, and economic growth, E. how often sellers alter their prices, how sensitive buyers are to price differences among sellers, whether the item being purchased is a good or a service, and whether buyers buy frequently or infrequently."
Thinking strategically about industry and competitive conditions in a given industry involves evaluating such considerations as how often sellers alter their prices, how sensitive buyers are to price differences among sellers, whether the item being purchased is a good or a service, and whether buyers buy frequently or infrequently.
The strategy decision making about the industry and competitive conditions involve evaluating the prices, buyer sensitivity to the prices, serviceability & frequency.
Why do people donate to charitable organizations? Check all that apply.
•to do what is right
•to support a cause
•to develop their skills
•to earn college credit
•to spend time with friends
The act of helping others, donating to volunteering, or charity your time, will give you an improved feeling of well-being. The correct option is 'B' and 'C'.
What is Charitable Organizations?
The understanding that you've sacrificed time and/or money to help others create or need approving the change in the world is a stunning thing.
Your monetary donations can belong to causalities that promote more useful health, fund medical investigation, stock food stakes, or sponsorship organizations that fight poverty.
Investing in charities is like creating an investment towards a more useful destiny for your employees and your corporation
Therefore, The people donate to charitable organizations to help for a reason. The correct option is 'B' and 'C'.
Find more information about Organizations here:
https://brainly.com/question/10954392
Answer:
A B C
Explanation:
"In terms of the exercise, what price will the client report for tax purposes in relation to the price at which the stock is sold to the buyer of the call?"
Priority Company, which applies overhead to production on the basis of machine hours, reported the following data for the period just ended: Actual units produced: 9,000 Actual variable overhead incurred: $54,400 Actual machine hours worked: 16,000 Standard variable overhead cost per machine hour: $3.50 If Priority estimates two hours to manufacture a completed unit, the company's variable-overhead efficiency variance is:
Answer:
Variable overhead efficiency variance= $7,000 favorable
Explanation:
Giving the following information:
Actual units produced: 9,000
Actual machine hours worked: 16,000
Standard variable overhead cost per machine hour: $3.50
Standard hours= 2 hours per unit
To calculate the variable overhead efficiency variance, we need to use the following formula:
Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate
Standard quantity= 2*9,000= 18,000
Variable overhead efficiency variance= (18,000 - 16,000)*3.5
Variable overhead efficiency variance= $7,000 favora
Thoroughly and completely explain Invention ii. Distinguish between invention as a process and invention as a result and give 2 examples of each. iii. We live on a planet with finite resources which makes continued economic growth difficult to maintain. Please explain how invention as a process and invention as a result might be impacted by a slow growth /no growth economy. iv. What can we do about this problem
Ann Chovies, owner of the Perfect Pasta Pizza Parlor, uses 20 pounds of pepperoni each day in preparing pizzas. Order costs for pepperoni are $10.00 per order, and carrying costs are 4 cents per pound per day. Lead time for each order is three days, and the pepperoni itself costs $3.00 per pound.
1. At what point should she re-order pepperoni?
a. 80 pounds remaining.
b. 40 pounds remaining.
c. 60 pounds.
d. 20 pounds.
e. 100 pounds.
2. If she were to order 80 pounds of pepperoni at a time, what would be the length of an order cycle?
a. 4 days.
b. 5 days.
c. 3 days.
d. 0 days.
e. .25 days.
3. If she were to order 80 pounds of pepperoni at a time, what would be the average inventory level?
a. 60 pounds.
b. 20 pounds.
c. 100 pounds.
d. 40 pounds.
e. 80 pounds.
4. If she were to order 80 pounds of pepperoni at a time, what would be the total daily costs, including the cost of the pepperoni?
a. $60.00.
b. $64.10.
c. $64.00.
d. $65.00.
e. $63.20.
5. What is the economic order quantity for pepperoni?
a. 40 pounds.
b. 80 pounds.
c. 100 pounds.
d. 20 pounds.
e. 60 pounds.
Answer and Explanation:
The computation is shown below;
1. Reorder point is
= Daily demand × lead ime
= 20 × 3 days
= 60 pounds
2. The length of the order cycle is
= Order quantity ÷ demand rate
= 80 ÷ 20 pounds
= 4 days
3. The average inventory level is
= Order quantity ÷ 2
= 80 ÷ 2
= 40 pounds
4. The total daily cost is
the cost of the pepperoni = daily demand × cost per pound
= 20 × 3 pound
= 60
Daily ordering cost is
= daily demand ÷ ordering quantity × ordering cost
= 20 ÷ 80 × $10
= $2.50
And, the daily holding cost is
= ordering cost ÷ 2 × holding cost
= 80 ÷ 2 × 0.04
= $1.60
Now the total daily cost is
= $60 + $2.50 + $1.60
= $64.10
5. The economic order quantity is
= (√2 × annual demand × ordering cost ÷ carrying cost)
= √2 × 20 × 10 ÷ 0.04
= √10,000
= 100
Using the dividend growth model, explain why a firm would be hesitant to reduce the growth rate of its dividends.
Answer:
If a firm decreases its sustainable growth rate (g), the price of their stock will probably decrease. I will use the following example:
P₀ = Div₁ / (Re - g)
Div₁ = $2Re = 12%g = 5%P₀ = $2 / (12% - 5%) = $28.57
if the growth rate g decreases to 2%, and the rest remains unchanged, then
P₀ = $2 / (12% - 2%) = $20
Organizational politics may be reduced by Multiple Choice being more tolerant of employees who use political tactics to get what they want from the organization. conducting background checks on potential employees. cutting back resources available to organizational units. encouraging leaders to become role models of organizational citizenship. selecting employees with a high need for personalized power.
Answer:
encouraging leaders to become role models of organizational citizenship
Explanation:
Organizational politics is simply a deliberate or an intentional acts of influence to promote,protect or enhance the self-interests of individuals or groups of people.
It can be reduced by encouraging leaders to become role models of organizational citizenship instead of symbols of successful organizational politicians.
It usually had its emphasis based on self-interest that separates this form of social influence.
