Answer:
A Direct Benefit of A Diverse Team is:
d. Better conflict resolution skills
Explanation:
This advantage is summed up in this adage, "the more, the merrier." A diverse workforce or team is more creative and innovative, shares higher morale, and works more effectively and efficiently to achieve company goals. With the cross-cultural diversity created by a diverse team comes cross-cultural understanding and the elimination of cultural biases and misunderstandings.
In November, the seafood department in a grocery store marked 250 8-pound cases of lobster tails down from their original price of $75 to $58. The November markdown was very successful, and all of the 8-pound cases of lobster tails were sold at $58 each. Calculate the total markdown dollars for the sale.
Answer:
Total mark down Dollars for sales =$4,250
Explanation:
The markdown is the discount given expressed as a percentage of the original sales price.
The total sales value at the original price = 250× 75 = 18,750
Discount per lobster in Dollars = 75-58 = $17
Mark down (%) = 17/75×100 = 22.67%
Total markdown Dollars for sales = 22.67%× 18,750= $4,250
Total mark down Dollars for sales =$4,250
A company had a budgeted production of 12000 units and actual production of 13200 units. Two types of raw material, P and Q are used in the manufacturing of the products. The budgeted raw material requirement of the company was expected to be 3 lbs. of Material P at a price of $ 0.25 per lbs. and 2 lbs. of Material Q at a price of $ 0.35 per lbs. for every unit produced. The company actually ended up using 42000 lbs. of P at an actual cost of $0.19 per lbs. and 25000 lbs. of Q at an actual cost of $0.38 per lbs. Calculate Direct Material Price and Usage Variance for material P and Q.\
Answer:
Direct Material Price Variance:
P = $2,520 F
Q = $750 U
Direct Material Usage Variance:
P = $1,500 U
Q = $350 U
Explanation:
a) Data and Calculations:
Budgeted production units = 12,000
Actual production units = 13,200
P Q
Budgeted raw material per unit 3 lbs 2 lbs
Price per lbs $0.25 $0.35
Budgeted raw materials 36,000 lbs 24,000 lbs
Actual lbs of raw materials 42,000 lbs 25,000 lbs
Actual price per lbs $0.19 $0.38
Direct Material Price Variance = (Standard Price - Actual Price) * Actual Qty
P = $0.25 - $0.19 * 42,000 = $2,520 F
Q = $0.35 - $0.38 * 25,000 = $750 U
Direct Material Usage Variance = (Standard Qty - Actual Qty) * Standard Price
P = 36,000 - 42,000 * $0.25 = $1,500 U
Q = 24,000 - 25,000 * $0.35 = $350 U
Pinacle Corp. budgeted $242,600 of overhead cost for the current year. Actual overhead costs for the year were $204,330. Pinacle's plantwide allocation base, machine hours, was budgeted at 51,060 hours. Actual machine hours were 56,680. A total of 102,310 units was budgeted to be produced and 98,000 units were actually produced. Pinacle's plantwide factory overhead rate for the current year is: a.$4.00 per machine hour b.$4.75 per machine hour c.$2.00 per machine hour d.$2.37 per machine hour
Answer:
Predetermined manufacturing overhead rate= $4.75 per machine hour
Explanation:
Giving the following information:
Pinacle Corp. budgeted $242,600 of overhead cost for the current year.
Estimated machine hours= 51,060 hours
To calculate the predetermined overhead rate, we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 242,600 / 51,060
Predetermined manufacturing overhead rate= $4.75 per machine hour
Quick Cleaners, Inc. (QCI), has been in business for several years. It specializes in cleaning houses but has some small business clients as well.
a. Issued $21,000 of QCI stock for cash.
b. Incurred $840 of utilities costs this month and will pay them next month.
c. Paid wages for the current month, totaling $2,600.
d. Performed cleaning services on account worth $3,800.
e. Some of Quick Cleaners’ equipment was repaired at a total cost of $300. The company paid the full amount at the time the repair work was done.
Required:
Prepare journal entries for the above transactions, which occurred during a recent month.
Answer:
Quick Cleaners, Inc. (QCI)
Journal Entries
a. Debit Cash $21,000
Credit Common Stock $21,000
To record the issuance of QCI stock for cash.
b. Debit Utilities Expense $840
Credit Utilities Payable $840
To accrue utilities expense for the month.
c. Debit Wages Expense $2,600
Credit Cash $2,600
To record the payment of wages for the month.
d. Debit Accounts Receivable $3,800
Credit Service Revenue $3,800
To record the performance of cleaning services on account.
e. Debit Equipment Repairs $300
Credit Cash $300
To record the payment for equipment repairs.
Explanation:
a) Data and Analysis:
a. Cash $21,000 Common Stock $21,000
b. Utilities Expense $840 Utilities Payable $840
c. Wages Expense $2,600 Cash $2,800
d. Accounts Receivable $3,800 Service Revenue $3,800
e. Equipment Repairs $300 Cash $300
What is the percentage of total current assets in terms of total assets for Walmart for the year of 2016
Answer:
42%
Explanation:
In simple words, Wallmart is the biggest retail chain facility in the world. Hence, it would be obvious that a high percentage of their total assets in value will be composed of the current assets in forms of inventory.
In 2016, their total current assets were about 42% of total assets, which is higher than majority of their peers. An increase in their turnover might be the reason behind such high ratio.
Retained earnings, December 31, 2019 $ 348,600
Cost of buildings purchased during 2020 42,700
Net income for the year ended December 31, 2020 55,300
Dividends declared and paid in 2020 32,600
Increase in cash balance from January 1, 2020, to December 31, 2020 23,500
Increase in long-term debt in 2020 45,300
Required: From the above data, calculate the Retained Earnings balance as of December 31, 2020
Answer:
See below
Explanation:
Computation of retained earnings balance as of December 31, 2020
= Retained earnings December 31, 2019 + Net income for the year ended, December 31, 2020 - Dividends declared and paid in 2020
= $348,600 + $55,300 - $32,600
= $371,300
Therefore, the retained earnings balance as of December 31, 2020 is $371,300
The Rent It Company declared a dividend of $.60 a share on October 20th to holders of record on Monday, November 1st. The dividend is payable on December 1st. You purchased 100 shares of this stock on Wednesday, October 27th. How much dividend income will you receive on December 1st as a result of this declaration
Answer:
the dividend income that should be received is $60
Explanation:
The computation of the dividend income is shown below:
= Dividend per share × number of shares of the stock purchased
= $0.60 × 100 shares
= $60
hence, the dividend income that should be received is $60
Basically we applied the above formula so that the correct value could come
Josh was planning to go camping with his family. He purchased a tent for $199.98, a lantern for $39.50, and an outdoor stove for $59.95. The sales tax rate is 8.75%. How much sales tax does Josh need to pay?
Answer:
$26.20
Explanation:
Sales tax = percentage of tax x total amount spent spent
total amount spent spent = cost of tent + cost of lantern + cost of outdoor stove
$199.98 + $39.50 + $59.95 = $299.43
0.0875 x $299.43 = $26.20
The following labor standards have been established for a particular product: Standard labor hours per unit of output 4.4 hours Standard labor rate $ 17.70 per hour The following data pertain to operations concerning the product for the last month: Actual hours worked 6,200 hours Actual total labor cost $ 110,360 Actual output 1,300 units Required: a. What is the labor rate variance for the month? b. What is the labor efficiency variance for the month?
Answer:
Results are below.
Explanation:
To calculate the direct labor rate variance, we need to use the following formula:
Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity
Direct labor rate variance= (17.7 - 17.8)*6,200
Direct labor rate variance= $620 unfavorable
Actual rate= 110,360/6,200= $17.8
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Direct labor time (efficiency) variance= (1,300*4.4 - 6,200)*17.7
Direct labor time (efficiency) variance= $8,496 unfavorable
On January 1, Year 2, Grande Company had a $16,000 balance in the Accounts Receivable account and a zero balance in the Allowance for Doubtful Accounts account. During Year 2, Grande provided $104,000 of service on account. The company collected $97,000 cash from accounts receivable. Uncollectible accounts are estimated to be 2% of sales on account. Based on this information, the amount of cash flow from operating activities that would appear on the Year 2 statement of cash flows is:
Answer:
Based on this information, the amount of cash flow from operating activities that would appear on the Year 2 statement of cash flows is:
= $97,000.
Explanation:
a) Data and Calculations:
Accounts Receivable balance on January 1, Year 2 = $16,000
Allowance for Doubtful Accounts balance on January 1, Year 2 = $0
Service Revenue on credit during Year 2 = $104,000
Cash collected from Accounts Receivable = $97,000
Accounts Receivable balance on December 31, Year 2 = $23,000
Allowance for Doubtful Accounts balance on December 31, Year 2 = $2,080 ($104,000 * 2%)
Net Accounts Receivable balance on December 31, Year 2 = $20,920 ($23,000 - $2,080)
b) The $97,000 is the actual cash inflow received from customers during Year 2. It increases the cash inflows and forms part of the operating activities section of the Statement of Cash Flows for Year 2 under the direct method.
The first step in drawing a strategic group map is Multiple choice question. assign firms occupying the same map location to a common strategic group. draw circles around each strategic group that are proportional to the group's share of industry revenues. plot firms on a two-variable map based on the strategic variables. identify the variables based on strategic approaches used in the industry.
Answer:
identify the variables based on strategic approaches used in the industry.
Explanation:
The first and foremost step while drawing the strategic group is that we have to identify the variable that should be depend upon the strategic approaches and the same should be used in the industry as the strategic groups map refer to the tool that captures the competitive landscape essence
So, the last option is correct
EPS, P/E Ratio, and Dividend Ratios The Stockholders' Equity section of the balance sheet for Balla Enterprises at the end of 2017 appears as follows: 8%, $100 par, cumulative preferred stock, 200,000 shares authorized, 50,000 shares issued and outstanding $5,000,000 Additional paid-in capital on preferred 2,500,000 Common stock, $5 par, 500,000 shares authorized, 400,000 shares issued and outstanding 2,000,000 Additional paid-in capital on common 18,000,000 Retained earnings 37,500,000 Total stockholders' equity $65,000,000 Net income for the year was $1,350,000. Dividends were declared and paid on the preferred shares during the year, and a quarterly dividend of $0.40 per share was declared and paid each quarter on the common shares. The closing market price for the common shares on December 31, 2017, was $27.65 per share.
Required:
1. Compute the following ratios for the common stock:
When required, round earnings per share and price/earnings ratio answers to two decimal places. For dividend payout and dividend yield ratios, round raw calculations to 4 decimal places, but enter each answer as a percentage to two decimal places; for example, .17856 rounds to .1786 and would be entered as 17.86, indicating 17.86%.
a. Earnings per share $
b. Price/earnings ratio to 1
c. Dividend payout ratio %
d. Dividend yield ratio %
2. Before recommending the stock of Balla to a client, as a financial adviser, you would like to know:
future earnings growth.
risk of the stock.
general economic trends and how they affect the company.
all of these.
Answer:
Balla Enterprises
1. Ratios for the common stock:
a. Earnings per share = Net income after preferred dividend/ Outstanding common stock shares
= $2.38
b. Price/Earnings ratio
= 11.62x
c. Dividend payout ratio
= 67.23%
d. Dividend Yield = Dividend per share/Market price per share
= 5.79%
2. Before recommending the stock of Balla to a client, as a financial adviser, you would like to know:
all of these.
Explanation:
a) Data and Calculations:
Balla Enterprises
The Stockholders' Equity section of the balance sheet at the end of 2017 8%, $100 par, cumulative preferred stock:
200,000 shares authorized
50,000 shares issued and outstanding $5,000,000
Additional paid-in capital on preferred 2,500,000
Common stock, $5 par, 500,000 shares authorized,
400,000 shares issued and outstanding 2,000,000
Additional paid-in capital on common 18,000,000
Retained earnings 37,500,000
Total stockholders' equity $65,000,000
Net income for the year = $1,350,000
Dividends:
Preferred stock = $400,000 ($5,000,000 * 8%)
Earnings after preferred dividend = $950,000 ($1,350,000 -$400,000)
Common stock = $640,000 ($0.40 * 4 * 400,000)
Closing market price of common stock on Dec. 31, 2017 = $27.65
1. Ratios for the common stock:
a. Earnings per share = Net income after preferred dividend/ Outstanding common stock shares
= $2.38 ($950,000/400,000)
b. Price/Earnings ratio = Market price of common stock/Earnings per share
= 11.62x ($27.65/$2.38)
c. Dividend payout ratio = Dividend per share/Earnings per share
= $1.60/$2.38
= 0.6723
= 67.23%
d. Dividend Yield = Dividend per share/Market price per share
= $1.60/$27.65
= 0.0579
= 5.79%
2. Before recommending the stock of Balla to a client, as a financial adviser, you would like to know:
all of these.
Sun County Airline is a low-cost carrier that operates 70 routes, primarily between leisure destinations in the United States, Mexico, Costa Rica, and the Caribbean.What is likely to be its business (generic) strategy
Answer: C. Focused Cost Leadership
Explanation:
Focused cost leadership happens when a company tries to focus on one part of the market such that it is able to take advantages of the unique opportunities offered there to offer the lowest prices to that specific part of the market.
Sun County Airlines is focusing on leisure destinations and yet offering it at low cost. It is therefore trying to focus specifically on that market whilst offering the lowest price which makes this a focused cost leadership strategy.
Theo quan điểm hiện đại khi tiếp cận chi phí chất lượng, chi phí chất lượng thấp nhất là khi
Answer:
Translate in English please!!!!!!!!!!!!!
Many people have larger amounts of debt in America than before, and people have become hesitant to take loans out for new cars. All other things being equal, what would car dealership do with their financing in this new market environment
Answer:
they will increase their rates of loans
On June 30, 2024, L. N. Bean issued $16 million of its 8% bonds for $14 million. The bonds were priced to yield 10%. Interest is payable semiannually on December 31 and July 1. If the effective interest method is used, how much bond interest expense should the company report for the 6 months ended December 31, 2024
Answer:
$700,000
Explanation:
Calculation to determine how much bond interest expense should the company report for the 6 months ended December 31, 2024
Using this formula
Interest expense for the 6 months ended December 31, 2024 = Carrying value * Effective interest rate/2
Let plug in the formula
Interest expense for the 6 months ended December 31, 2024= $14,000,000 * 10% / 2
Interest expense for the 6 months ended December 31, 2024=$14,000,000*5%/2
Interest expense for the 6 months ended December 31, 2024= $700,000
Therefore the amount of bond interest expense that the company should report for the 6 months ended December 31, 2024 is $700,000
Hector is opening an appliance store. He has estimated a monthly profit goal based on his anticipated expenses and earning goals and uses it to set product prices. Hector is implementing a ________ pricing strategy.
Answer:
target return on investment (ROI)
Explanation:
THESE ARE THE OPTIONS FOR THE QUESTION BELOW
A) penetration
B) price skimming
C) target return on investment (ROI)
D) competitor-based
E) value
From the question, we are informed about the Hector who is opening an appliance store. He has estimated a monthly profit goal based on his anticipated expenses and earning goals and uses it to set product prices. Hector is implementing a target return on investment (ROI) pricing strategy.
Target return on investment pricing model can be regarded as one in which price is determined by investor/Business based on what the business owner intend to make from his/her capital that is invested in the business. An investor can calculate Target return ccalculated as the money invested in a venture along as the profit that investor intend to see as return, which is been adjusted for the time value of money. As regards to return-on-investment method, It is required by the investor work in backward direction so as to to reach a current price for target return pricing.
The amount of time it takes to receive an item after it is requested is the _____.
thread
blacklist
lead time
download time
Answer:
lead time
Explanation:
At April 30, Marigold Corp. has the following bank information: Cash balance per bank $5400 Outstanding checks $330 Deposits in transit $650 Credit memo for interest $10 Bank service charge $20 What is Marigold adjusted cash balance on April 30
Answer:
$5,720
Explanation:
Calculation to determine What is Marigold adjusted cash balance on April 30
MARIGOLD CORP Adjusted cash balance on April 30
Cash balance per bank $5400
Less:Outstanding checks ($330)
Add: Deposit in transit $650
Adjusted cash balance. $5720
($5400-$330+$650)
Therefore Marigold adjusted cash balance on April 30 is $5,720
You're trying to save to buy a new $180,000 Ferrari. You have $32,000 today that can be invested at your bank. The bank pays 5.0 percent annual interest on its accounts. How long will it be before you have enough to buy the car
Answer:
Given an annual interest rate of 5%, it will take 35.4 years to accumulate $180,000.
Explanation:
Giving the following information:
Future Value (FV)= $180,000
Present value (PV)= $32,000
Interest rate (i)= 5%
To calculate the number of years (n) to reach the objective, we need to use the following formula:
n= ln(FV/PV) / ln(1+i)
n= ln(180,000/32,000) / ln(1.05)
n= 35.4
Given an annual interest rate of 5%, it will take 35.4 years to accumulate $180,000.
A hotel is deciding how many reservations to accept for major one-night event in Indianapolis. The hotel has 180 rooms available. Managers believe that 92 percent of those with a reservation will actually show up. An empty room costs the hotel $175 per room. However, if the hotel oversells the rooms, and more than 180 customers show up, the hotel will need to make other arrangements for these guests. The cost of placing these extra guests in other accomodations is $375 per room needed. How many rooms should the hotel sell for this particular night to minimize their costs? +xls
Answer:
Hotel A, Indianapolis
The number of rooms that the hotel should sell for this particular night to minimize their costs is:
= 196 rooms.
Explanation:
a) Data and Calculations:
Hotel rooms available = 180
Expected percentage of reservations that will actually show up = 92%
Cost per empty room = $175
Cost per room for overbooking and placing extra guests in other accommodations = $375
The number of rooms to sell this particular night to minimize costs = 180/92% = 196 rooms
Booking 196 rooms will ensure that the maximum rooms are fully taken by the reservationists and the hotel can only incur a probable cost of $375 per overbooked guest.
f an investor purchases a REIT for $36, receives cash distributions of $1 and redeems the shares after one year for $41, what is the percentage return on the investment
Answer:
16.67%
Explanation:
total return = dividend return + price appreciation
dividend return = dividend / price of the share
$1 / $36 = 0.0278
price appreciation = ($41 / $36) - 1 = 0.1389
0.1389 + 0.0278 = 0.1667 = 16.67
2.78
The spot price of silver is $12.75 per ounce. The storage costs are proportional and equal to 1.95% per ounce per annum continuously compounded. Assuming that interest rates are 9.40% per annum for all maturities, calculate the futures price of silver for delivery in 9 months. (Answer with two digits decimal accuracy. Example: 17.53.)
Answer:
Spot and Future Prices
The future price of the silver for delivery in 9 months is:
= $13.85.
Explanation:
a) Data and Calculations:
Spot price of silver per ounce = $12.75
Storage costs per ounce per annum = 1.95% compounded continuously
Storage costs in 9 months = $0.19 ($12.75 (1.95% * 9/12)
Total cost = $12.94 ($12.75 + $0.19)
Interest rate = 9.4% per annum
Interest rate for 9 months = 7.05% (9.4%*9/12)
Future price of the silver for delivery in 9 months = $13.85 ($12.94 * 1.0705)
Explain what should be your attitude after taking the test.
g When a court awards custody of a child to one parent and not the other, this is an example of: Group of answer choices all of the answers are correct monetary relief monetary damages equitable relief
Answer:
equitable relief
Explanation:
A court refers to an enclosed space such as a hall or chamber where legal practitioners (judges, lawyers or attorneys and a jury) converge to hold judicial proceedings.
A lawyer refers to an individual who has obtained a law degree and is saddled with the responsibility of giving legal advice, initiate and execute lawsuits for his or her clients. These legal practitioners are saddled with the legal responsibility of listening to evidence and give a verdict about legal cases.
An equitable relief also referred to as equitable remedy can be defined as judicial remedies granted to an aggrieved person by a court of equity, requiring that the other party act or refrain from indulging in a specific act because ordinary legal remedies couldn't provide the aggrieved party sufficient (adequate) restitution for an offense commited against him or her. Thus, an equitable relief (remedy) is an injunction granted by a court of equity requiring a party to a contract to either act (mandamus or specific performance) or refrain from indulging in a particular act.
In this context, when a court of competent jurisdiction awards or grants custody of a child to one parent rather than awarding it to the other, this is an example of equitable relief.
In conclusion, an equitable relief or remedy is typically a nonmonetary judgement granted by a court of equity when ordinary legal remedies fail to provide sufficient (adequate) restitution to an aggrieved party.
you buy a 8%. 10 year maturity bond for 980. a year later, the bond price is 1200. assume annual coupon payments. what is the new yield to maturity on the bond
The new yield to maturity on the bond is 5.16%.
Given Information
Current price of the bond = $980
FV = $1000
Coupon rate = 8%
Term = 10 maturity
After 1 year bond price = $1,200
Remaining life = 9 years (10-1)
New yield rate = [Coupon rate + (Maturity value - Current price) / Useful life] / [0.6*Current price + 0.4*Maturity value]
New yield rate = [1,000*8% + (1,000-1,200) / 9] / [0.6*1,200 + 0.4*1,000]
New yield rate = $57.78 / $1,120
New yield rate = 0.0515893
New yield rate = 5.16%
Therefore, the new yield to maturity on the bond is 5.16%.
Missing word "(Assume a face value of $1,000 and annual coupon payments."
See similar solution here
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PERFECTLY COMPETITIVE MARKETS a. What are the characteristics of a perfectly competitive market? b. What is the criterion used by individual firms in perfectly competitive markets when deciding whether to shutdown or continue production in the short run? c. What is the criterion used by individual firms in perfectly competitive markets when deciding whether to exit the market or continue production in the long run? d. What does the market supply curve in a perfectly competitive market look like in the short run and in the long run? Explain the reason behind the shapes of these market supply curves. e. What is the theoretical justification for supporting the creation of competitive markets? (Hint: Think about welfare economics, ie: consumer surplus, producer surplus, total surplus.)
Answer:
hi im leobel gagwibeidbsisbs
Explanation:
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Economics
Assume there is a new international trade agreement that allows foreign countries to sell their products in the US, what can we predict will happen?
Answer:
1 + 1 = 3 thats the correct answer of your question
Trafalgar Estate Agency started operations on January 01, 2020. The following transactions occurred in the first month of operations:
January 01 Owner of the business Mr. Miller invested $30,000 cash in the business.
January 03 Purchased office supplies worth $1,500 on credit.
January 06 Purchased office equipment for $7,500; paying $2,500 in cash and signed a 30-day, $5,000 note payable.
January 12 Real estate commission billed to clients amount to $12,000.
January 20 Paid cash on account for office supplies purchased on January 03.
January 27 Received a check for $4,000 from a client in payment on account for commissions billed on January 12.
January 30 Received a telephone bill for $120 due next month.
Requirements:
Enter these transactions in General Journal of Trafalgar Estate Agency.
Post these transactions to appropriate ledger accounts.
Prepare a trial balance for the month of January 31, 2020.
Answer:
Cash (Dr.) $30,000
Capital (Cr.) $30,000
Office Supplies (Dr.) $1,500
Accounts Payable (Cr.) $1,500
Office equipment (Dr.) $7,500
Cash (Cr.) $2,500
Note Payable (Cr.) $5,000
Accounts Receivable (Dr.) $12,000
Real estate commission (Cr.) $12,000
Accounts Payable (Dr.) $1,500
Cash (Cr.) $1,500
Real Estate Commission (Dr.) $4,000
Accounts Receivable (Cr.) $4,000
Explanation:
Trial Balance :
Debits :
Cash $26,000
Office Equipment $7,500
Office Supplies $1,500
Commission received $4,000
Accounts Receivable $8,000
Total $47,000
Credits :
Capital $30,000
Notes Payable $5,000
Revenue Commission $12,000
Total $47,000
What is the best way for a plaintiff to establish legal liability for a CPA: Question 47 options: Prove the CPA made an untrue statement Demonstrate shortcomings in the CPA's engagement planning Show that the CPA's fees were higher than typical fees paid in the CPA's geographical area Prove causation (i.e. proximate cause)
Answer:
If a CPA does an audit irresponsibly, the CPA will be held liable to third parties who were recognized and not foreseeable to the CPA for gross negligence.
It needs to be specified if the third party had been “anticipatable,” liability; it may be recognized for ordinary negligence within a Rosenblum v. Adler decision.
Explanation:
