Answer:
True
Explanation:
Thematization refers to the process in which the choice of specific topics as a theme in a sentence. It also deals with the process in which mutual communication and the level of satisfaction are also reached so that there should be proper coordination and communication maintained. And the chances of the misunderstanding is less
Therefore the given statement is true
An investment adviser representative's friend provides him with a list of 10 prospective clients. The representative agrees to pay his friend a referral fee for each person on the list that opens an account with the adviser. Which statement is TRUE
Answer: C. The arrangement is permitted only if it is in writing between the investment adviser and the friend and the arrangement is disclosed in writing to any customer opening an account
Explanation:
The friend in this case will be ruled to be a Solicitor under SEC Rules as they are referring clients to the Investment Adviser for a fee.
As such this business relationship between the friend and the Investment Adviser representative will fall under SEC Rule 206(4)-3 Cash payments for client solicitations. This rule makes it clear amongst other things that the investment adviser will have to prepare a written disclosure document which will inform any customer opening an account of the agreement between the adviser and his friend.
Transactions that do not involve the original issue of securities take place in _________. A. primary markets B. secondary markets C. over-the-counter markets D. institutional markets
Answer:
B. secondary markets
Explanation:
The secondary market is the market in which the original issue of securities does not take place that means only existing securities are taken place i.e traded like purchase and sale of securities but not new one only existing one.
Therefore according to the given options, option B is correct
Hence, the other options are wrong
Data pertaining to the current position of Forte Company are as follows:
Cash $412,500
Marketable securities 187,500
Accounts and notes receivable (net) 300,000
Inventories 700,000
Prepaid expenses 50,000
Accounts payable 200,000
Notes payable (short-term) 250,000
Accrued expenses 300,000
Required:
Compute:
a. The working capital.
b. The current ratio.
c. The quick ratio.
Answer:
Forte Company
Computation of :
a. The working capital = Current Assets minus Current Liabilities
= $1,650,000 - $750,000
= $900,000
b. The current ratio = Current assets/Current liabilities
= $1650,000/$750,000
= 2.2 : 1
c. The quick ratio = (Current asset minus Inventory)/Current liabilities
= ($1,650,000 - 750,000)/$750,000
= $900,000/$750,000
= 1.2 : 1
Explanation:
a) Data and Calculations:
Cash $412,500
Marketable securities 187,500
Accounts and notes receivable (net) 300,000
Inventories 700,000
Prepaid expenses 50,000
Total Current Assets $1,650,000
Accounts payable 200,000
Notes payable (short-term) 250,000
Accrued expenses 300,000
Total Current Liabilities $750,000
b) Forte Company's working capital is the difference between the current assets and the current liabilities. In this case, it is very positive with a huge sum of $900,000.
c ) Forte Company's current ratio is an expression of the relationship between current assets and current liabilities. It shows how much of current liabilities that current assets can cover. The ability of the management of Forte Company to settle its current obligations from the current assets is worked out under this ratio.
d) Forte has a quick ratio of more than 1 : 1. It is similar to the current ratio but with the omission of the Inventory and Prepaid Expenses which are regarded as always taking longer to sell and recover respectively.
Suppose you work for a company that makes a product line for a large hardware chain. The chain asks you for a price quote for 30,000 units that will require a $1,500,000 investment with marginal costs of $15 per unit. What is the lowest price you are willing to quote
Answer:
$1,950,000
Explanation:
Note the company has a margin per unit cost and investment cost, where
investment cost = $1,500,000
+
margin per unit cost = $450,000 (30,000 x $15)
Thus, total cost = $1,950,000. Since companies do not want to make loses, but may allow for break-even, the lowest price to quote should not be lesser than the total cost of $1,950,000.
In your opinion, what are the forms of institutional advertising that are suitable for banks in Palestine with examples. Why??
Answer:
Institutional advertising for banks in Palestine should take into account the cultural sensibilities of the country.
As a muslim country, banks should take into account not only local Palestinian culture, but also general islamic culture when developing their advertising.
Palestine also has complex foreign relationships. Banks should also take this into account in order to create advertising that is effectively catered to the Palestinian people.
College Logos buys logo-imprinted merchandise and then sells it to university bookstores. Sales are expected to be $ 2 comma 009 comma 000 in September, $ 2 comma 240 comma 000 in October, $ 2 comma 379 comma 000 in November, and $ 2 comma 520,000 in December. College Logos sets its prices to earn an average 40% gross profit on sales revenue. The company does not want inventory to fall below $ 425 comma 000 plus 15% of the next month's cost of goods sold.Required:Prepare a cost of goods sold, inventory, and purchases budget for the months of October and November.
Answer:
College Logos
Cost of goods sold, inventory, and purchases budget for the months of October and November:
October November
Sales $ 2,240,000 $ 2,379,000
Cost of goods sold 60% 1,344,000 1,427,400
Gross profit, 40% of sales $896,000 $951,600
Inventory Budget:
Ending Inventory $626,600 $639,110
Beginning Inventory $606,810 $626,600
Purchases Budget:
Ending Inventory $626,600 $639,110
Cost of goods sold 1,344,000 1,427,400
Cost of goods available for sale $1,970,600 $2,066,510
less Beginning Inventory $606,810 $626,600
Purchases $1,363,790 $1,439,910
Explanation:
a) Data and Calculations:
September October November December
Sales $ 2,009,000 $ 2,240,000 $ 2,379,000 $ 2,520,000
Cost of goods
sold 60% 1,205,400 1,344,000 1,427,400 1,512,000
Gross profit $803,600 $896,000 $951,600 $1,008,000
Ending Inventory $606,810 $626,600 $639,110 $651,800
Beginning Inventory $606,810 $626,600 $639,110
Purchases:
Ending Inventory $606,810 $626,600 $639,110 $651,800
Cost of goods
sold 1,205,400 1,344,000 1,427,400 1,512,000
Cost of goods available
for sale $1,812,210 $1,970,600 $2,066,510 $2,163,800
less Beginning Inventory $606,810 $626,600 $639,110
Purchases $1,363,790 $1,439,910 $1,524,690
Tasty Doughnuts has computed the net present value for capital expenditure at two locations. Relevant data related to the computation are as follows: Des Moines Cedar Rapids Total present value of net cash flow $712,500 $848,000 Amount to be invested (750,000) (800,000) Net present value $(37,500) $ 48,000 a. Determine the present value index for each proposal. Round your answers for the present value index to two decimal places.
Answer:
0.95 and 1.06
Explanation:
The computation of the present value index is shown below:
Present value index = Present Value of net cash Flow ÷ Amount invested
So for each projects, it would be
Particulars Des Moines Cedar Rapids
Total present value of
net cash flow (A) $712,500 $848,000
Amount invested (B) $750,000 $800,000
Present value index (A ÷ B) 0.95 1.06
For the following investments, identify whether they are: Trading debt securities. Available-for-sale debt securities. Held-to-maturity debt securities. None of the above. Each case is independent of the other.
(a) A bond that will mature in 4 years was bought 1 month ago when the price dropped. As soon as the value increases, which is expected next month, it will be sold.
(b) 10% of the outstanding stock of Farm-Co was purchased. The company is planning on eventually getting a total of 30% of its outstanding stock.
(c) Bonds were purchased in December of this year. The bonds are expected to be sold in January of next year.
(d) Bonds that will mature in 5 years are purchased. The company would like to hold them until they mature, but money has been tight recently and they may need to be sold.
(e) Preferred stock was purchased for its constant dividend. The company is planning to hold the preferred stock for a long time.
(f) A bond that matures in 10 years was purchased. The company is investing money set aside for an expansion project planned 10 years from now.
Answer:
(a) A bond that will mature in 4 years was bought 1 month ago when the price dropped. As soon as the value increases, which is expected next month, it will be sold. - Trading Debt Securities
Trading debt securities such as these are held only for a short time before they are sold with the goal being short term profit.
(b) 10% of the outstanding stock of Farm-Co was purchased. The company is planning on eventually getting a total of 30% of its outstanding stock. - None of the Above
This is an Equity Investment.
(c) Bonds were purchased in December of this year. The bonds are expected to be sold in January of next year. - Trading Debt Securities
Like the bond in (a), this is being held for a short while only and then it will be sold so it is a Trading debt security.
(d) Bonds that will mature in 5 years are purchased. The company would like to hold them until they mature, but money has been tight recently and they may need to be sold. - Available-for-sale debt securities
Available for sale debt securities are to be sold before maturity and therefore have no certain selling time. The bond above has no selling time as it might be sold at any point so it is an Available-for-sale debt security.
(e) Preferred stock was purchased for its constant dividend. The company is planning to hold the preferred stock for a long time. - None of the above.
This is an Equity investment as well.
(f) A bond that matures in 10 years was purchased. The company is investing money set aside for an expansion project planned 10 years from now. - Held-to-maturity debt securities.
Held to Maturity bonds are bought with no intention of selling and the company hopes to hold them till they mature like this bond which will be held for 10 years.
1. Noor Patel has had a busy year! She decided to take a cross-country adventure. Along the way, she won a new car on "The Price Is Right" (valued at $15,500) and won $500 on a scratch-off lottery ticket (the first time she ever played). She also signed up for a credit card to start the trip and was given a sign-up bonus of $100. How much will she have to include in her federal taxable income?
2A. What is the amount of taxes for a head of house hold with a taxable income of $57,500 with a rate of 25%?
B. What is the amount of taxes for a single person with a taxable income of $35,000 with a rate of 15%?
C. What is the amount of taxes for a married couple filling jointly with a taxable income of $70,700 with a rate of 15%?
Answer:
1. 16,100
Explanation:
To get how much she would include in her federal taxable income. We would have to add up these values:
The car won on the price is right + scratch off lottery + sign up bonus.
15,500 + 500 + 100
=$16,100
2a.
head of household
0 to 9275 at 10% = 927.5
(37650 - 9275)*15% = 4256.1
(57500 - 37650)*25% = 4962.5
total = 927.5 + 4256.1 + 4962.5
= 10146.1
2b
single person
0 to 9275 at 10% = 927.5
(35000-9275)*10% = 3858.75
total = 927.5 + 3858.75
= 4786.25
2c
for married couple
0 to 18550 at 10% = 1855
(70700-1855)*15% = 7822.5
total = 1855 + 7822.5
=9677.5
In the consensus case, what is Amazon's enterprise value on the valuation date using the exit multiple terminal value
Answer:
The exit multiple expect that the market different premise is a reasonable strategy for esteeming a business. The estimation of the business is gotten by duplicating money related measurements, for example, EBITDA or EBIT by a factor that is basic to practically identical organizations that were as of late procured. A fitting scope of products can be created by taking a gander at late equivalent acquisitions in the open market.
The various acquired is then increased by the anticipated EBIT or EBITDA in year N (last year of projection period) to give the future incentive toward the finish of year N. The future value (otherwise called terminal value) is then limited by a factor equivalent to the quantity of years in the projection time frame.
The worth got is then added to the current estimation of the free incomes to acquire the suggested venture esteem. For repetitive organizations where profit vacillate as per varieties in the economy, we utilize the normal EBITDA or EBIT over the span of the particular recurrent as opposed to the sum in year N in the projection time frame.
This implies an industry different is applied as opposed to applying a current numerous to consider the recurrent varieties of profit. On the off chance that investigators utilized a current numerous, the valuation would be influenced by financial cycles.
A Enterprise Value (EV) to Revenue Multiple is used to value a business by dividing its enterprise value by its annual revenue. The formula to calculate the Enterprise Value (EV) to Revenue Multiple is EV/Revenue
EV = Enterprise Value
EV can be denoted as (Equity Value + All Debt + Preferred Shares) – (Cash and Equivalents)
While Revenue = Total Annual Revenue
This can be calculated when we have a share price, shares outstanding, debt, and cash or its equivalence.
The mode of transportation that results in the lowest transportation cost will also lower total costs for a supply chain.
a) true
b) false
Answer: False
Explanation:
Transportation is the movement of individuals or goods from one place to another. Supply chain are the steps that are involved before a product will finally get to the consumer.
It should be noted that the mode of transportation that results in the lowest transportation cost will not necessarily lower total costs for a supply chain. This I because transportation isn't the only process involved on supply chain.
Following are financial data from year-end financial statements of Portland Company for 2017, 2016 and 2015.
2017 2016 2015
Accounts receivable $136,125 $144,576 $132,000
Cost of goods sold 1,023,750 864,000 960,000
Current assets 450,000 360,000 405,000
Current liabilities 300,000 250,000 310,000
Inventory 225,000 165,000 195,000
Sales 1,642,500 1,752,000 1,200,000
Required:
Compute the following financial ratios for 2016 and 2017.
Answer:
Answers are calculated below
Explanation:
Financial ratios can be calculated according to their formulas. Both formulas and calculation are as follows
CURRENT RATIO
Current ratio = Current assets/current liabilities
Current ratio (2016) = $360,000/$250,000
Current ratio (2016) = 1.44
Current ratio (2017) = $450,000 / $300,000
Current ratio (2017) = 1.50
ACID RATIO
Acid ratio = (Current asset - inventory)/current liabilities
Acid ratio (2016) = (360,000 - 165,000)/250,000
Acid ratio (2016) = 0.78
Acid ratio (2017) = (450,000-225,000)/300,000
Acid ratio (2017) = 225,000/300,000
Acid ratio (2017) = 0.75
INVENTORY TURNOVER RATIO
Inventory turnover ratio = cost of good Sold / Average inventory
Inventory turnover ratio (2016) = 864,000/(360,000 ÷2)
Inventory turnover ratio (2016) = 864,000/180,000
Inventory turnover ratio (2016) = 4.80
Inventory turnover ratio (2017) = 1,023,750 / ( 390,000 ÷ 2)
Inventory turnover ratio (2017) = 1,023,750 / 195,000
Inventory turnover ratio (2017) = 5.25
DAYS SALE IN RECEIVABLE
Days sale in receivable = 365/Average receivable turnover ratio
Days sale in receivable (2016) = 365/ 12.67(w1)
Days sale in receivable (2016) = 28.81 days
Days sale in receivable (2017) =365/11.7(w1)
Days sale in receivable (2017) = 31.20 days
Working 1
Account receivable turnover ratio = Sales/ Average receivable
Account receivable turnover ratio (2016) = 1,752,000/138,288(w2)
Account receivable turnover ratio = 12.67 times
Account receivable turnover ratio (2017) = 1,642,500/140,351(w2)
Account receivable turnover ratio (2017) = 11.7 times
Working 2
Average receivable = (Opening + Closing) /2
Average receivable (2016) = (132,000 + 144,576) /2
Average receivable (2016) = 138,288
Average receivable (2017) = (144,576 +136,125 ) /2
Average receivable (2017) = 140,351
has a target debt−equity ratio of .50. Its cost of equity is 15 percent, and its cost of debt is 6 percent. If the tax rate is 34 percent, what is the company’s WACC?
Answer:
11.35%
Explanation:
The calculation of WACC is shown below:-
WACC = Cost of equity × (equity ÷ (Debt + Equity)) + cost of debt × (debt ÷ (Debt + Equity)) × (1 - tax rate)
= 0.15 × (1 ÷ 1.50) + 0.06 × (0.50 ÷ 1.50) × (1 - 0.34)
= 0.15 × 0.67 + 0.06 × 0.33 × 0.66
= 0.1005 + 0.013068
= 11.35%
Therefore for computing the WACC we simply applied the above formula.
Cheyenne Corp. had the following transactions that took place during the year:I.Recorded credit sales of $2250II.Collected $1350 from customersIII.Recorded sales returns of $450 and credited the customer's account.What is the total effect of these transactions on free cash flow?a) No Effectb) Cannot be determinedc) Increased) Decrease
Answer:
The correct option is d) Decrease.
Explanation:
Free cash flow (FCF) can be described as the cash that is generated by a company after cash outflows required to support operations and maintain the capital assets of the company have been accounted for.
Therefore, FCF can be calculated by adjusting for non-cash expenses, changes in working capital, and capital expenditures to reconcile net income.
The total effect of these transactions on free cash flow can be determined by first calculating the account receivable for the year as follows:
Calculation of account receivable for the year:
Particular Amount ($)
Credit sales 2,250
Cash collected from the customer (1,350)
Sales returns (450)
Account receivable 450
A partial free cash flow statement can therefore be prepared as follows:
Cheyenne Corp.
Free cash flow statement (Partial)
Particular Amount ($)
Net income xx
(Increase) decrease in non-cash current assets:
Increase in account receivable (450)
Free cash flow (450)
Since the free cash flow is negative or minus $450, it therefore implies that the total effect of these transactions on free cash flow is a decrease.
Therefore, the correct option is d) Decrease.
Which method of evaluating capital investment proposals uses present value concepts to compute the rate of return from the net cash flows
Answer:
Internal rate of return
Explanation:
The internal rate of return is that return in which the net present value equivalent to zero
i.e.
Net present value = 0
That means
Initial investment = Present value of cash inflows after charging the discounting factor like 10% 12% etc
So as per the given situation, the internal rate of return is the correct answer
A promotion related to the movie Pacific Rim Uprising was seen in Target stores throughout the United States. The sales promotion was designed to maximize the consumer's attention to a DVD release and provide storage for the products. This type of sales promotion is referred to as a
Answer:
This type of sales promotion is referred to as a Dealer Sales Promotion (Trade Promotion).
Explanation:
The Dealer Sales Promotion, otherwise known as Trade Promotion, is aimed at Dealers, designed to maximize the attention of consumers, and provide storage for the products in Target stores throughout the United States. The promoters want Pacific Rim Uprising to be seen by consumers, so that their attention is galvanized, and to get Target stores to create the space for the DVD upon the film's release, through cooperative advertising. It is not aimed directly at consumers or salespersons, but dealers.
Here are some important figures from the budget of Crenshaw, Inc., for the second quarter of 2019. April May June Credit sales $689,000 $598,000 $751,000 Credit purchases 302,000 282,000 338,000 Cash disbursements: Wages, taxes, and expenses 137,000 129,000 179,000 Interest 15,600 15,600 15,600 Equipment purchases 53,500 6,600 248,000 The company predicts that 5 percent of its credit sales will never be collected, 35 percent of its sales will be collected in the month of the sale, and the remaining 60 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March 2019, credit sales were $561,000. Using this information, complete the following cash budget: April MAY JUNEBeginning cash balance 182,000 Cash receiptCash Collection from the credit saleTotal cash available Cash Disbursement Purchase $289,000 Wages, Taxes, and expenses Interest Equipment purchases Total cash Disbursement Ending cash balance
Answer and Explanation:
The presentation of the cash budget for the three months is shown below:
Particulars April May June
Beginning
cash balance $182,000 $264,650 $434,150
Add:
Cash receipts :
Credit sales
collections $577,750 $622,700 $621,650
Total cash
available $759,750 $887,350 $1,055,800
Less:
Cash disbursements
Purchases -$289,000 -$302,000 -$282,000
Wages, Taxes
and expenses -$137,000 -$129,000 -$179,000
Interest -$15,600 -$15,600 -$15,600
Equipment
purchases -$53,500 -$6,600 -$248,000
Total
cash disbursements -$495,100 -$453,200 -$724,600
Ending
cash balance $264,650 $434,150 $331,200
Working Notes:
Cash collection from credit sales
Particulars March April May June
Credit sales $561,000 $689,000 $598,000 $751,000
Cash collected :
35% cash collected
in month of sales $196,350 $241,150 $209,300 $262,850
60% cash collected
in following month
of sales $0 $336,600 $413,400 $358,800
Total cash
collected from sales $577,750 $622,700 $621,650
The profit-maximizing monopolist produces _____________ units and charges a price of _____________.
Answer: Q0; P3
Explanation:
The profit-maximizing monopolist produces Q0 units and charges a price of P3.
According to the exhibit graph, the monopolist will produce Q0 units. This is because a monopoly maximises profit at the point where Marginal Revenue equals Marginal Cost. Looking at the chart, the quantity of output where this happens is Q0.
The Monopolist will then charge a price of P3. After the profit-maximising output is realized, the way to find out the price the monopolist will sell at is the point where the output produced intersects with the Demand curve. At this point, the price listed is what people are willing to buy that amount of quantity for and so the Monopoly will sell at that price.
Bing engaged Dill to perform personal services for $2,200 a month for a period of four months. The contract was entered into orally on July 1, 1984, and performance was to commence on September 1, 1984. On August 10, Dill anticipatorily repudiated the contract. As a result, Bing:
Answer:
Bing can immediately sue for breach of contract
Explanation:
Based on the scenario that is being described, Bing can immediately sue for breach of contract. Breaching a contract is when one party in a binding agreement fails to deliver according to the terms of the agreement. When Dill made an anticipatory repudiation, he basically stated that he does not intend to live up to the obligations of the contract that he had agreed to, therefore breaching the contract and becoming liable.
how will a new front desk manager address a problem of lateness in a hotel.
Answer:
They will have a system like a lot book where they would take in the visitors details and then Mark in or out and time of arrival and leaving
Hope this helps :)
Explanation:
The ___________ incorporates a line receiver in order to convert the optical signal into the electrical regime.
a) Attenuator
b) Transmitter
c) Repeater
d) Designator
Answer: repeater
Explanation:
The attenuation is used to limits the maximum distance that occurs between an optical fiber transmitter and the receiver.
It should be noted that the repeater helps to incorporates a line receiver to convert the optical signal into the electrical regime.
The Janjua Company had the following account balances at 1/1/18:
Common Stock $65,000
Treasury Stock (at cost) 13,400
Paid-in-Capital in Excess of Par 82,000
Investments in AFS Debt Securities 40,000
FVA (AFS) 1,500 credit
Retained Earnings 22,000
On that date, the Accumulated OCI account was at its proper balance.
There were no sales or purchases of Common Stock or Investments during 2018. Prior to any adjusting journal entries related to the investments, 2018 Net Income was $10,300. No other transactions affecting Retained Earnings occurred. Fair Value of the Investments at 12/31/2018 was $41,500.
Required:
a. Prepare the 12/31/18 journal entry to adjust the investment to fair value.
b. Prepare the complete 12/31/18 Equity section of the balance sheet.
Answer:
a. Journal Entry:
Investments in Debt securities (Dr.) $1500
Fair Value of Debt securities(Cr.) $1500
b. Equity Section:
Common Stock $65,000
Retained Earnings $22,000
Treasury Stock $13,400
Revaluation of Debt securities $1,500
Explanation:
Investments in AFS Debt securities 40,000
Fair value of the investment on 12/31/2018 is $41,500
The difference between fair value and reported value will be adjusted through journal entry. The difference is of $1500 (41,500 - 40,000) is the revaluation amount of the securities.
A cash equivalent is: Multiple Choice Another name for cash. Close to its maturity date but its market value may still be affected by interest rate changes.
Complete Question:
A cash equivalent is:
Group of answer choices
a) Generally is within 12 months of its maturity date.
b) Another name for cash.
c) An investment readily convertible to a known amount of cash.
d) Is not considered highly liquid.
e) Close to its maturity date but its market value may still be affected by interest rate
changes
Answer:
c) An investment readily convertible to a known amount of cash.
Explanation:
In Financial accounting, cash equivalents can be defined as any short term and highly liquid investments which can be easily converted or transformed to a known and standard amounts of cash and as such are subjective to little or no risk of changes in value.
This ultimately implies that, a cash equivalent is an investment readily convertible to a known amount of cash.
Under the statements of cash flow, cash equivalents can be classified broadly into three (3) categories and these are;
1. Operating activities.
2. Financing activities.
3. Investing activities.
Answer:
money
Explanation:
If Colombia spends 2 hours producing coffee and 6 hours producing oranges, and Cuba spends 3 hours producing coffee and 1 hour producing oranges, which of the following are true?
Select the correct answer below:_________.
A. Colombia has an absolute advantage producing oranges, and Cuba has an absolute advantage producing coffee.
B. Colombia does not have an absolute advantage producing any goods, but Cuba has an absolute advantage producing oranges.
C. Colombia has an absolute advantage producing coffee, and Cuba has an absolute advantage producing oranges.
D. Colombia has an absolute advantage producing coffee, but Cuba does not have an absolute advantage producing any good.
Answer: C. Colombia has an absolute advantage producing coffee, and Cuba has an absolute advantage producing oranges
Explanation:
From the question, we are informed that Colombia spends 2 hours producing coffee and 6 hours producing oranges, and Cuba spends 3 hours producing coffee and 1 hour producing oranges.
Since Columbia spends a lesser time producing coffee and Cuba spends a lesser time producing oranges, it means that Colombia has an absolute advantage producing coffee, and Cuba has an absolute advantage producing oranges.
How much time, on average, would a server need to spend on a customer to achieve a service rate of 20 customers per hour?
Answer:
3 hour 18 minutes or 3 hour
Explanation:
According to the given situation, the computation of time on average is shown below:-
The Average waiting time in the system
= [tex]\frac{1}{\mu} -\gamma[/tex]
Now we will put the values into the above formula to reach the time on average which is here below:-
[tex]= \frac{1}{20} - 1[/tex]
[tex]= \frac{1}{19}[/tex]
= 0.053 × 60 minutes
= 3 hours 18 minutes
We assume [tex]\gamma[/tex] is 1 hour
Therefore for computing the time on average we simply applied the above formula.
Division ABC has $750,000 invested in assets and earned $200,000 in income. Division XYZ has $800,000 invested in assets and earned $210,000 in income. The company's target rate is 10%. Which division has the highest residual income
The division that has the highest residual income is:.Division XYZ.
Residual incomeResidual income for ABC
Residual income=200,000-(0.10×750,000)
Residual income=200,000-75,000
Residual income=$125,000
Residual income for XYZ
Residual income=210,000 -(0.10×80,000)
Residual income=210,000-80,000
Residual income=$130,000
Inconclusion the division that has the highest residual income is:.Division XYZ.
Learn more about residual income here:https://brainly.com/question/22985922
Which of the following acts requires that a trustee be appointed for sales of bonds, debentures, and other debt securities of public corporations?
a. Securities Investor Protection Act
b.Trust Indenture Act
c. Investment Company Act
d. Investment Advisors Act
Answer:
The correct answer is the option B: Trust Indenture Act.
Explanation:
To begin with, the name of "Trust Indenture Act of 1939" or TIA refers to the an american law that specifically supplements the Securities Act of 1933 and whose purpose is basically put more safety in the cases where debt securities are distributed in the United States. It does it by requiring the appointment of a suitably and totally independent trustee who is qualified and has the only job to act for the benefit of the holders of those securities, that could be bonds, debentures or others. In addition, this act is managed obviously by the same agent as the other one, the Securities and Exchange Commission
An officer of a company has acquired shares of that issuer in the open market. If the officer wishes to sell the shares:
Answer: C. II and III
Explanation:
As the shares were acquired by the officer on the open market, they are considered Control Stock. Sale of Control Stock falls under the purview of Rule 144 of the SEC that governs the sale of restricted, unregistered, and control securities so a Form 144 will need to be filed with the Sec making III correct.
Furthermore, control stock are not subject to a holding period requirement so option II is correct as well. Option C is therefore the best answer.
Merchandise inventory: Multiple Choice Is a current asset. Is a long-term asset. Must be sold within one month. Is classified with investments on the balance sheet. Includes supplies the company will use in future periods.
Answer: is a current asset
Explanation:
Merchandise inventory is the product thqtbare owned by a company which the company wants to sell.
It should be noted that when preparing the balance, merchandise inventory sheet is reported as current asset.
Also, buying merchandise inventory is part of a business operating cycle.
At the end of a particular operating period, suppose Brenda (the manager) sits down with Ethan (the employee) and they meet to determine how well Ethan's performance has met the objectives set by Brenda. Which step in the MBO process would this be?
Answer:
Evaluate performance
Explanation:
The mbo process is a time where an employee and manager work together and sets record for a particular period of time.
This step in the mbo process is evaluation of performance. Under this step, the manager reviews the work of the employee from the question, this is what Brenda is doing with Ethan. She is evaluating his performance.
