Answer:
The answer is $250,000
Explanation:
NOTE: The answer to the question is not among the options.
Contribution margin in Cost-Volume-Profit (CVP) is sales minus variable cost.
Sales - $670,000
Total variable expenses $420,000
Therefore in CVP income statement, contribution margin is:
$670,000 - $420,000
= $250,000.
Gross profit is can never be calculated in CVP income statement
when convicts are released from prison, they have no money, and there is a high rate of recidivism the released prisoners return to crime and are arrested again. Would providing income support to ex-convicts during the first months after their release from prison reduces recidivism
Answer:
Yes
Explanation:
Recidivism can be defined as seen in the question as the tendency of an ex-convict to return to crime.
When a person returns from a sentence, he has nothing. No income, no job, etc. As a result of this, some ex-convicts are tempted into returning to the lifestyle that got them imprisoned in the first instance. Without a job,which is as a result of stigmatization of ex-convicts as never-do-well, there can't be income.
For this reason, the government should endeavor to give ex-convicts income support for a few months after their release from the prison. This will go a long way in helping the ex-convicts stay of crime and also help them plan towards a better life.
Cheers.
You are a policy analyst in the Department of Energy. You were just offered a job with a renewable energy company. How long must you wait before you can lobby the Department of Energy on behalf of your new employer?
Answer:
2 years
Explanation:
In case when you offered a job from a renewable energy company and you are currently working as a policy analyst in the energy department so you have to wait for 2 years prior for lobbing the department of energy on new employer behalf
Hence, the time period is for 2 years and the same is to be considered for the given situation.
A prospective homebuyer signs a brokerage agreement under which the real estate company will help the client find a three-bedroom house in the $185,000 to $200,000 price range. A seller comes into the real estate company's office and signs a listing agreement in which the real estate company will act as the seller's agent to sell a two-bedroom condominium for $170,000. Based on these facts, which statement is TRUE
Options:
a.) The buyer is the real estate professional's client; the seller is the real estate professional's customer.
b.) The buyer is the real estate professional's customer; the seller is the real estate professional's client.
c.) While both the buyer and the seller are clients, the real estate professional owes the fiduciary duties of an agent only to the seller.
d.) Because both the buyer and the seller are the real estate professional's clients, the real estate professional owes the fiduciary duties of an agent to both
Answer: d.) Because both the buyer and the seller are the real estate professional's clients, the real estate professional owes the fiduciary duties of an agent to both
Explanation: According to the scenario above, both the buyer and the seller are clients of the real estate professional and as such service providers or professionals have moral and ethical obligations which must be performed in other to avoid situations which could compromise the integrity and professionalism of the real estate personnel. Therefore the real estate professional owes both the seller and buyer fiduciary duties (ethical relationship) and hence should deal with fairness between them.
The stock price of Harper Corp. is $33 today. The continuously compounded interest rate is 6%. A put option on Harper Corp. stock with an exercise price of $30 and an expiration date 73 days from now is worth $.95 today. A call option on Harper Corp. stock with an exercise price of $30 and the same expiration date should be worth __________ today. (Assume 365 days a year) A. $2.25 B. $3.14 C. $3.99 D. $4.31
Answer:
D. $4.31
Explanation:
The computation of expiration date should be worth in today is shown below:-As per put-call parity
P + S = present value of X + C
Where,
P indicates the value of the put option
S indicates the current price of a share
X indicates the strike price
C indicates the value of the call option.
Present value of X = X ÷ e^r
r represents the risk-free rate
Now, we will put the values into the above formula
Present value of X = 30 ÷ e^0.012
r = 6% × (73 ÷ 365)
= 1.2%
0.95 + 33 = (30 ÷ e^0.012) + C
After solving the above equation we will get
C = $4.31
Ratio analysis:___________.
a) Includes estimating the net present value of the investment opportunity.
b) Is generally adequate to fully assess an investment’s expected return.
c) Requires cash flow estimates for the investment’s entire expected holding period.
d) Serves as an initial evaluation of the adequacy of an investment’s expected cash flows.
Answer:
D. Serves as an initial evaluation of the adequacy of an investment's expected cash flows.
Explanation:
Ratio analysis serves as an initial evaluation of the adequacy of an investment's expected cash flows.
Ratio analysis can be defined as the analysis of different pieces of financial information in the financial statements of a business.
Ratio analysis is used to get insight about the financial wellbeing of a business. It is used by analysts to determine various aspects of a business, such as its profitability, liquidity, and solvency.
Suppose that initially the price is $20 in a perfectly competitive market. Firms are making zero economic profits. Then the market demand shrinks permanently, some firms leave the industry, and the industry returns to a long-run equilibrium. What will be the new equilibrium price, assuming cost conditions in the industry remain constant
Answer:
$20
Explanation:
A perfect competition is characterised by many buyers and sellers of homogeneous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.
In the long run, firms earn zero economic profit. If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.
Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.
demand falls and so does supply. therefore price would remain unchanged in the long run equilibrium.
Assume Jones Manufacturing begins March with 20 units of inventory that cost $15 each. During March, the following purchases and goods sold were: March 15 Purchased 25 units at $18 30 Sold 30 units Using the FIFO inventory costing method and the perpetual system, what is the ending Merchandise Inventory on March 30?
Answer:
$270
Explanation:
The computation of the ending inventory using the FIFO method is shown below:
But first we have to determine the ending inventory units which is shown below:
= Beginning units + purchased units - sale units
= 20 units + 25 units - 30 units
= 15 units
Now the ending inventory is
= 15 units × $18
= $270
Hence, the ending inventory is $270
Identify two prices indices?
Answer:
Some notable price indices include:
Consumer price index.
Producer price index.
Employment cost index.
Export price index.
Import price index.
GDP deflator.....
Answer:
consumer price indexproducer price indexExplanation:
consumer price index: it measures changes in the price level of a weighted average market basket of consumer goods and services purchased by households.
producer price index: it is a price index that measures the average changes in prices received by domestic producers for their output.
Assume the U.S. government wants to hold the value of the dollar at $1.00 U.S. equals 120 Japanese yen, but it finds that the value of yen is appreciating against the U.S. dollar. What would be an appropriate policy to reverse this trend?
Answer: Buy U.S. dollars.
Explanation:
As the currency market is also controlled by the laws of supply and demand where an increase in demand increases price and a decrease in supply does the same, should the US want to increase the value of the dollar, they should buy more US dollars.
This action would increase the demand for the dollar while reducing the amount of dollars in the market. This will invariably lead to an increase in the price of the dollar all else equal.
A bank statement shows a balance of $8,445 at June 30. The bank reconciliation is prepared and includes outstanding checks of $2,790, deposits in transit of $1,350, and a bank service charge of $30. Among the paid checks returned by the bank was check no. 900 in the amount of $600, which the company had erroneously recorded in the accounting records as $60. The "adjusted cash balance" at June 30 is:
Answer:
$7,095
Explanation:
The computation of adjusted cash balance is shown below:-
Adjusted cash balance = Balance as per Bank Statement + Deposit in transit - Outstanding checks + bank Service charge + returned paid check no.900
= $8,445 + $1,350 - $2,790 + $30 + $60
= $7,095
Therefore for computing the adjusted cash balance we simply applied the above formula.
Rubinski Enterprises Inc. has long-term bonds worth $20 million, retained earnings of $45 million, accounts payable of $10 million, notes payable of $12 million, and inventory worth $18 million. What is the value of total liabilities of Ruby Enterprises
Answer:
$42,000,000
Explanation:
Rubinski enterprise has a long term bond of $20 million
The retained earnings is $45 million
The account payable is $10 million
The notes payable is $12 million
The inventory is $18 million
Therefore, the value of the total liabilities of Ruby enterprises can be calculated as follows
= long term bond+ account payable+notes payable
=$20,000,000+$10,000,000+$12,000,000
= $42,000,000
Hence the value of total liabilities of Ruby enterprises is $42,000,000
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.
Milner Developers proposed an offer to Henry Wright,an independent contractor,offering to hire him for their next project.They offered him a certain rate and specified the contract details along with describing the stipulated mode of acceptance but received no response.Wright responded to the offer after a delay of two months with a quote for a higher amount than that mentioned by Milner Developers.Do the two parties have a binding contract?
A) No,because the offer made by Milner Developers was ambiguous.
B) No,because Wright's letter was a counteroffer to the original offer.
C) Yes,because Milner Developers did receive a response from Wright.
D) Yes,because Wright's silent signaled his acceptance of the offer.
Answer: b. No, because Wright's letter was a counteroffer to the original offer.
Explanation:
Contract is issued based on a binding agreement between two parties, the employer and the employee. The employer gives the terms and conditions which embeds the allowances, while the employee receives the letter and is either expected to give a response there or after a specific period of time, the letter cannot be changed by the employee after delay but there could be negotion within the time frame given. Wright had to offence to be blamed for; 1) he delayed the response. 2) Requesting a higher amount after a long while.
sun inc factors 2,000,000 of its accounts receivables withou recourse for a finance charge of 5%. the company retains equal to 10% of the accounts recevable for possible adjustments. sun estimates of the recourse liabilitty at 75,000. What would be recorded as gain or loss on the transfer of receivables?
Answer:
$100,000
Explanation:
Calculation for What would be recorded as gain or loss on the transfer of receivables
Account receivable 2,000,000
Less Cash 1,700,000
(2,000,000*85%)
Due from Factor account 200,000
(2,000,000*10%)
Loss on sales of receivable $100,000
Therefore What would be recorded as gain or loss on the transfer of receivables will be $100,000
At December 31, 2017, Larkspur Corporation had an estimated warranty liability of $124,000 for accounting purposes and $0 for tax purposes. (The warranty costs are not deductible until paid.) The effective tax rate is 30%. Compute the amount Larkspur should report as a deferred tax asset at December 31, 2017. Deferred tax asset at December 31, 2017
Answer:
$37,200
Explanation:
The amount of deferred tax on 31 December 2017 for Larkspur can be calculated by multiplying the estimated warranty liability for accounting purposes with an effective tax rate.
DATA
Estimated warranty = $124,000
Effective tax rate = 30%
Deferred tax liability =?
Solution
Deferred tax liability = Estimated warranty x Effective tax rate
Deferred tax liability = $124,000 x 30%
Deferred tax liability = $37,200
Seafood Trading Co. commenced operations during the year as a large importer and exporter of seafood. The imports were all from one country overseas. The export sales were conducted as drop shipments and were merely transshipped at Seattle. Seafood Trading reported the following data: Purchases during the year $12.0 million Shipping costs from overseas 1.5 million Shipping costs to export customers 1.0 million Inventory at year end 3.0 million What amount of shipping costs should be included in Seafood Trading’s year-end inventory valuation? A. $250,000 B. $0 C. $1,125,000 D. $375,000
Answer:
D. $375,000
Explanation:
given data
Purchases during the year = $12.0 million
Shipping costs from overseas = 1.5 million
Shipping costs to export customer = 1.0 million
Inventory at year end = 3.0 million
solution
we get here Seafood Trading’s year-end inventory valuation.
and we know here that shipping cost to export to customers is selling expense but not include the inventory.
so
shipping costs = ( Inventory at year-end ÷ Purchases during the year ) × Shipping costs from overseas ..................1
put here value and we get
shipping costs = [($3.0 million ÷ $12.0 million) × $1.5 million]
shipping costs = $375,000
Match the banking term with its definition.A. List currency coin and checks deposits into an accountB. A document signed by the depositor instructing the bank to pay a specified amount of moneyC. A record set up by a bank for its customerD. Explains the reason for paymentsE. Electronic transfer of cash from one party to another.a. Deposit ticket b. checkc. bank accountd. Remittance advicee. Electronic funds transfer
Answer:
A. Deposit ticket: List currency coin and checks deposits into an account.
B. Check: A document signed by the depositor instructing the bank to pay a specified amount of money.
C. Bank account: A record set up by a bank for its customer.
D. Remittance advicee: Explains the reason for payments.
E. Electronic funds transfer: Electronic transfer of cash from one party to another.
Explanation:
A. Check: List currency coin and checks deposits into an account.
B. Deposit ticket: A document signed by the depositor instructing the bank to pay a specified amount of money.
C. Bank account: A record set up by a bank for its customer.
D. Remittance advicee: Explains the reason for payments.
E. Electronic funds transfer: Electronic transfer of cash from one party to another.
Elderly travelers as well as those who are physically challenged find it hard to climb stairs when they are allotted motel rooms which are not on the first floor.The Convenience Inn has succeeded in catering to this specific group of customers via its motels,all of which have one floor of rooms with no stairs to climb.Which of the following refers to The Convenience Inn's success in identifying distinct groups of consumers whose needs,wants,and purchasing behavior differ from others in important ways?A) market penetrationB) market developmentC) market segmentationD) product developmentE) diversification
Answer:
C) market segmentation
Explanation:
The market segmentation refers to the segmentation of the market i.e division that are depended upon various attributes like the same interested, needs, locations, taste and preferences. It could be behavior, geographical, psychographic, demographic, etc
In the given situation, since Convenience Inn is succeeded in catering to the particular customer groups so this represents the market segmentation
DEF Company is incorporating and coming to market with an initial public offering of common stock. The company has already filed their registration statement and the registration has become effective. The company sees that demand for securities is high, and decides to amend the total amount of common stock that will be offered. Would this amendment be allowable under the rules of the Uniform Securities Act
Answer: Yes. The amendment be allowable under the rules of the Uniform Securities Act.
Explanation:
Based on the scenario that have been provided in the question,the amendment will be allowable under the rules of the Uniform Securities Act.
It should be noted that even though the amendments that are made to a registration statement are not allowed when it's beyond the effective date, there is a limited exception when the modification is made to the amount of securities that are being offered.
Ultra Big Corporation, Inc. is preparing its annual report for shareholders. The statement of cash flows, which is included in the report, shows that the company sold one million shares of stock but repurchased half a million of those shares. It also shows that the company issued a ten-cent per share dividend. Where would this information be found on the statement of cash flows?
Answer:
Cashflow from financing activitues
Explanation: A company's statement of cashflow refers to a concise and segmented financial statement broken into three parts namely the operations, financing and investing activities showing changes in the account and cash inflow and outflow from the company's dealings. The scenario stated stated above would be recorded under the cashflow from financing activities as it is that part of the cashflow statement which shows net cashflow utilized in funding activities. This section contains financial cashflow on income from Issuance of debt or bond, stock repurchase and payment of Dividend which are all highlighted in the scenario above.
Frank needs to buy a new car. Before visiting a showroom, however, he logs onto www.autobytel.com. Here, he can compare the attributes of various makes and models, find information about the prices of various option packages, and learn the manufacturer's suggested retail prices for different cars. After deciding on the car he wants to buy, Frank visits the local showroom and negotiates with the salesperson for the model and options package he wants. Because Frank is so informed about prices, he is able to make a deal that is several hundred dollars less than the salesperson's best offer. Frank's car-buying experience illustrates which reason consumers shop online?A) convenienceB) communicationC) customizationD) choiceE) control
Answer: control
Explanation:
From the question, we are informed that Frank needs to buy a new car and that before visiting a showroom, however, he logs onto www.autobytel.com and compared the attributes of various makes and models, and also found other vital information.
We are further told that after deciding on the car he wants to buy, Frank visits the local showroom and negotiates with the salesperson for the model and options package he wants and he was able to make a deal that is several hundred dollars less than the salesperson's best offer.
Frank's car-buying experience illustrates control. Consumers like to have control when buying a product and have detailed information regarding a product.
Answer:
Control
Explanation:
The sixth reason why people shop online is control, which online shopping delivers to customers. The customer can seek information, evaluate available options, make purchases and timely decisions and all this is possible if the customer emphasizes control over their online shopping behaviors.
Here, Frank seeks online information, evaluates the best option and then choose the option. Frank also visits the showroom by searching online the product availability which confirms his evaluation of options that gives him control over his online shopping behavior. Furthermore, Frank makes deal that is several hundred dollars less than the salesperson's best offer which shows informed decision making of Frank and this was all possible because of control of purchasing behavior that online shopping delivers to customers.
Four brokerage firms operate in the same small city as Jackson’s firm. All the firms charge approximately the same listing commission and pay approximately the same cooperating commission to the selling broker. The commission splits within each firm are also similar. Is this an antitrust violation? Why or why not?
Answer:
Yes, this is antitrust violation. Because, the tend to restrain trade in that small city thereby denying other small player brokerage firms from making a living due to their monopolistic actions among themselves.
Explanation:
Antitrust laws are designed in-order to prohibit a number of business practices that restrain trade. Examples of illegal practices are price-fixing conspiracies, corporate mergers that are likely to cut back the competitive fervor of certain markets, and predatory acts designed to gain or hold on to monopoly power.
Violations of such laws attract sanctions and punishment from the regulatory body in-charge of protecting such.
By the end of the accounting period, employees have earned salaries of $500, but they will not be paid until the following pay period. Which of the following is the proper adjusting entry? A) Credit Salaries expense for $500. B) Debit Salaries payable for $500. C) Credit Unearned revenues for $500. D) Debit Salaries expense for $500.
Answer:
D) Debit Salaries expense for $500.
Explanation:
Preparation of the proper adjusting entry
Since we were told that employees have earned salaries of the amount of $500 in which they wont be paid until the following pay period which means that the adjusting entry will be:
Debit Salaries expense for $500
Effects of the launching of Sputnik included:________
a. protests about excessive government
b. spending tax cuts that were meant to stimulate a faltering economy
c. a loss of credibility for the scientists of the Soviet Union
d. calls for more funding for science education in America the growth of the antiwar movement
Answer:
Option D
Calls for more funding for science education in America the growth of the antiwar movement
Explanation:
Due to the cold war, the need for superiority in science and technology was created, and the U.S and Russia were the two countries running the arms race to gain superiority. When Russia launched the first rocket into space, The US responded by channeling funds into research and development. This was done in order to launch their own satellite into space as well. This was achieved a few years later with the launching of the Explorer 1
Which process involves monitoring identified and residual risks, identifying new risks, carrying out risk response plans, and evaluating the effectiveness of risk strategies throughout the life of the project
Answer: Controlling risk
Explanation:
A risk event is an uncertain event or occurrence that can affect the achievement of the objectives of a project.
Controlling risk involves monitoring identified and residual risks, identifying new risks, carrying out risk response plans, and evaluating the effectiveness of risk strategies throughout the life of the project.
When a business doesn't have control of all the environmental forces, it is called ________ design. For example, Acme Medical relies on predictions and contingencies to cope with unexpected input. Last year, an influenza epidemic affected suppliers, personnel, and even customers, causing lost production and lost profit.
Answer: open
Explanation:
An open design is business that doesn't have control of all the environmental forces. This can bring about loss and bad happenings to the business.
This is shown in the example given above that Acme Medical relies on predictions and contingencies to cope with unexpected input and that last year, an influenza epidemic affected suppliers, personnel, and even customers, causing lost production and lost profit.
The Easton manufacturing Company is looking to replace its conveyor belt system. A new system will cost $345,000, and will result in cost savings of $220,000 in the first year, followed by savings of $100,000 per year over the following 3 years. If the firm’s cost of capital is 9%, what is the discounted payback period for this project? (Do not round intermediate computations. Round final answer to two decimal places.)
Answer:
It will take 3 years and 279 days to cover for the initial investment.
Explanation:
Giving the following information:
Initial investment= $345,000
Annual cost saving:
Cf1= $220,000
Cf2 to 4= $100,000
Discount rate= 9%
The payback period is the time required to cover for the initial investment:
Year 1= (220,000/1.09) - 345,000= -143,165.14
Year 2= (100,000/1.09^2) - 143,165.14= -58,997.14
Year 3= (100,000/1.09^3) - 58,997.14= 18,221.21
To be more accurate:
(58,997.14/77,218.35)*365= 279 days
It will take 3 years and 279 days to cover for the initial investment.
A credit downgrade typically results in _________ interest rate for new debt. A. no change in B. not enough information to tell C. a higher D. a lower 2. There is a(n) _________ relationship between the price of an outstanding bond and market interest rates. A. none of the above B. positive C. direct D. inverse 3. The greater the volatility of earnings the ______________ the bond rating when everything else is held constant. A. there is no relationship between earnings and bond rating. B. higher C. lower D. volatility is irrelevant when evaluating earnings
Answer and Explanation:
1. If there is the downgrade of credit than there would be a higher rate of interest charged for a new debt
2. Also, there is an inverse relationship between the outstanding bond price and the market rate of interest i.e if the bond price is increased the rate of interest is less and vice versa
3. And if the volatility of the earning is high that leads to less rating of bond keeping the other things constant
write 3 importance/ benefits of life insurance.
Answer:
A life insurance policy can pay off any debts that you leave behind that would be a burden to your family. Debts such as a mortgage, credit cards, car loans and even your funeral expenses can have a dramatic impact on your family and their lifestyle.
Explanation:
Any debts that you leave behind and that would be a burden on your family can be paid off by a life insurance policy. Debts like a mortgage, credit card debt, auto loans, and even funeral costs may significantly affect your family's livelihood.
By purchasing life insurance, you may shield your spouse and kids from the potentially catastrophic financial losses that could arise in the event of your passing. It offers financial stability, aids in debt repayment, assists in covering living expenditures, and aids in covering any last or medical costs.
The vast majority of experts concur that you absolutely must obtain life, health, long-term disability, and car insurance. Small company owners, working parents, stay-at-home parents, retirees, childless singles, and empty nesters all stand to gain from life insurance, in general.
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Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $45,900. The machine's useful life is estimated at 10 years, or 399,000 units of product, with a $6,000 salvage value. During its second year, the machine produces 33,900 units of product.
Determine the machine's second-year depreciation and year end book value under the straight-line method
Answer:
7,980 and $37,920
Explanation:
The computation of machine's second-year depreciation and year end book value under the straight-line method is shown below:-
Depreciation
= (Purchase cost - Salvage value) ÷ Useful life
= ($45,900 - $6,000) ÷ 10
= $3,990
Now,
Depreciation for year 1 is equals to Depreciation for year 2 = $3,990
2nd year
Accumulated depreciation at the end is
= $3,990 + $3,990
= $ 7,980
Now, Book value at the end of the second year
= Purchase cost - Accumulated depreciation
= $45,900 - $7,980
= $37,920
