Answer:
0.068
Explanation:
Common size income statement in which we divide all the items with it's revenue. So, interest is $12 M, and sales is $176 M.
Dividing 12/176= 0.068
That means the interest is 6.8% of revenue. Common size is used for comparison purpose. If let's say in next year interest become 15% of revenue then company would know that it's using more debt. It's also used for comparing with competitors.
When considering where to export, advantages to managers of focusing on a nation that is already a sizable purchaser of goods coming from the home country include:
A. the cultures of the two countries should be relatively similar and compatible.
B. the climate for foreign direct investment in the importing nation is relatively favorable.
C. export and import regulations are not insurmountable.
D. all of the above.
E. two of A, B, and C.
Answer:
Option "C" is the correct answer to the following statement.
Explanation:
While deciding where to sell, export and import laws are not insuperable for managers to rely on a country that is a large consumer of goods imported from native countries.
Many products sold to a foreign investor need no export license. Both products are however subject to the laws and legislation on export control. The easiest way to find if an item needs an export license is to verify which authority has control over the commodity you are attempting to sell, or controls it.Focusing on a nation that is a significant purchaser of exports offers managers the advantages of cultural compatibility, a favorable investment climate, and manageable trade regulations, leading to answer D (all of the above) being correct.
When considering where to export, advantages to managers of focusing on a nation that is already a sizable purchaser of goods coming from the home country include several factors. Among these, we can consider:
Cultural compatibility: If the two countries already have a significant trade relationship, it is likely that the cultures might be relatively similar, facilitating easier communication and understanding in business dealings.
Investment climate: A nation that is already a major importer may have a favorable climate for foreign direct investment (FDI), implying that it is open to doing business with foreign companies and offers a conducive environment for trade expansion.
Regulatory backdrop: Export and import regulations between the two countries are likely to be established and manageable, given the existing trade volume, making it easier to continue business operations there.
Therefore, the correct answer would be D. all of the above.
A customer's accountant telephones an investment adviser and wishes to place orders for the customer's account. Which statement is TRUE under the NASAA Statement of Policy?
A. The investment adviser can accept orders for 10 business days under the accountant's oral instructions
B. The investment adviser can accept any instructions from the accountant
C. The investment adviser cannot accept any instructions from the accountant unless the customer authorizes this in writing
D. The accountant must be a CPA in that State for the investment adviser to accept the accountant's instructions
Answer:
C. The investment adviser cannot accept any instructions from the accountant unless the customer authorizes this in writing
Suppose a local company has the following balance sheet accounts:
Accounts Balances Accounts Balances
Land $ 8,000 Cash 6,200
Equipment ? Stockholders' Equity 12,500
Salaries Payable 3,300 Accounts Payable 1200
Notes Payable ? Prepaid Rent 2,200
Supplies 1,600
Required:
Calculate the missing amounts assuming the business has total assets of $30,000.
Equipment_____________
Notes Payable____________
Answer:
Equipment $12,000
Notes payable $13,000
Explanation:
We know that
Total assets = Land + cash + equipment + prepaid rent + supplies
$30,000 = $8,000 + $6,200 + equipment + $2,200 + $1,600
$30,000 = $18,000 + equipment
So, the equipment = $30,000 - $18,000
= $12,000
Current liabilities = Salaries payable + account payable + notes payable
= $3,300 + $1,200 + notes payable
= $4,500 + notes payable
Total assets = Total liabilities + Shareholder equity
$30,000 = $4,500 + notes payable + $12,500
$30,000 = $17,000 + notes payable
So, the notes payable
= $30,000 - $17,000
= $13,000
Margie has applied for a job with the Lumineer Company. She was asked, "how would you handle an angry customer?" and "If you caught a coworker lying, what would you do?" These are examples of questions you would hear in _________.A) aptitude-interest testsB) vocational interest testsC) typing testD) personality testsE) communications test
Answer:
PERSONALITY TESTS
Explanation:
A personality test is a means of testing the constructions of human consciousness. Many methods for personality evaluation are in reality contemplative self-report test assessments or life experience surveys, like rating scales.
There are many various types of tests for determining temperament. The collection of self-report includes the management of many items that enable participants to determine their own personality traits analytically. Thus, from the above we can conclude that the correct option is D.
The FASB has the authority to establish accounting and financial reporting standards for which of the following? a) both answers are true b) neither answer is true c) private not-for-profits d) commercial businesses
Answer:
c) private not-for-profits
Explanation:
The FASB is an independent non-profit organization whose responsibility involves establishing and implementing accounting and reporting standards in the US. The Generally Accepted Accounting Principles (GAAP) guides FASB or Financial Accounting and Standards Board in fulfilling its mandate.
The FASB has the authority to interpret the GAAP for all organizations, including private and public companies, as well as profit and non-profit institutions. FASB set accounting rules and regulations to ensure standards and uniformity in the accounting industry.
Jackson Company is a publicly held corporation whose $1 par value stock is actively traded at $64 per share. The company issued 3,000 shares of stock to acquire land recently advertised at $200,000. When recording this transaction, Jackson Company will
A) debit Land for $200,000.
B) credit Common Stock for $192,000.
C) debit Land for $192,000.
D) credit Paid-In Capital in Excess of Par for $196,000.
Answer:
C) debit Land for $192,000.
Explanation:
Given that
Par value of stock = $1
Actively traded per share = $64
Number of shares issued = 3,000 shares
Acquired value of land = $200,000
By considering the above information, the calculation would be done as follows
Land value would be
= Number of shares issued × actively traded per share
= 3,000 shares × $64 per share
= $192,000
If Company XYZ sells $1,000,000 in assets to pay down $1,000,000 in debt, what impact would this have on the company’s debt to total assets ratio?A) It would increaseB) It would decreaseC) It would stay the sameD) We don’t have enough information to decide
Answer:
B) It would decrease
Explanation:
Suppose that Company XYZ assets before the sale of assets were $2,000,000 and is total debts were $1,500,000. The debt to asset ratio before the sale of assets were:
Debt/Asset ratio=$1,500,000/$2,000,000=0.75
Now the Company XYZ has decided to sell the the assets worth $1,000,000 to pay Debts so the assets now will become $1,000,0000 while the Debts now will become $500,000 and accordingly the debt to asset ratio will be calculated as follows:
Debt/Asset ratio=$500,000/1,000,000=0.50
So based on the above discussion, the answer shall be B) It would decrease
Ocean Breeze Co. paid $500 cash for expenses related to advertising for the period. Which of the following shows how this event will affect the company’s accounting equation? The letters ""NA"" indicate that the component of the equation is not affected.
Answer:
($500) = NA + NA + ($500)
Explanation:
In this question, the following accounting equation is used
Assets = Liability + common stock + retained earnings
As in the transaction, it is given that $500 cash is paid for advertising expense, so this event would be affecting the accounting equation for asset and the retained earning account i.e
($500) = NA + NA + ($500)
As cash is paid which reduces the asset balance plus the retained earning balance is also get reduced by $500
An investee company incurs an extraordinary loss during the period. The investor appropriately applies the equity method. Which of the following statements is true?
The correct question is:
An investee company incurs an extraordinary loss during the period. The investor appropriately applies the equity method. Which of the following statements is true?
A. Under the equity method, the investor only recognizes its share of investee's income from continuing operations.
B. The loss would be ignored but shown in the investor's notes to the financial statements.
C. The extraordinary loss should increase equity in investee income.
D. The extraordinary loss would not appear on the income statement but would be a component of comprehensive income.
E. The extraordinary loss would reduce the value of the investment.
Answer:
The extraordinary loss would reduce the value of the investment.
Explanation:
An extraordinary loss occurs because of an activity that does not frequently occur and is usually one-off. Outside usual activities of the business.
It is not expected to reoccur, and is reported in the income statement below income.
For example loss of stock of goods to fire outbreak, flood, or earthquake.
The value of investment is negatively impacted by extraordinary loss. It reduces Earnings per Share (EPS).
A manager of a fiberglass molding operation suspects that the number of process failures is related to the number of total units produced of a particular product. A tool most useful in this analysis would be a:
A) checklist.
B) cause-and-effect diagram.
C) Pareto chart.
D) scatter diagram.
Answer: D) scatter diagram.
Explanation:
Scatter diagram is a graph with two variables values plotted along two axis in which the pattern reveals if there is any correlation through the resulting points/ dots. It is used to determine the relationship between two variables in which both are along the same curve.
Scatter diagram is used when:
• Numerical data are in pairs.
•To determine relationship between two variables.
•To determine the effect and cause of two variables when they appear similar.
•To determine the root cause of a potential problem.
Knowledge about challenges specific to the operations function can help marketing personnel to judge how _____________ new product designs will be.
There is always knowledge challenge in all sectors. Knowledge about challenges specific to the operations function can help marketing personnel to judge how manufacturing new product designs will be.
There are three common challenges of knowledge management. They are;
Obsolete technologyEmployee motivationMaking information easy to get.
Knowledge management (KM) is known to be the gathering or collection of methods that is often related to producing, sharing, using and managing the knowledge and information of an organization.
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Of the 6.25 billion people in the world, 310 million live in North America. What percent of the world's population lives in North America?
Answer:
5% approx
Explanation:
Given that
Number of people in the world = 6.25 billion
And the number of people live in North America = 310 million
So, the percentage of the world population lives in North America would be
= (Number of people live in North America ÷ Number of people in the world) × 100
= (310 million ÷ 6.25 billion) × 100
= 5% approx
Answer:
5%
Explanation:
Divide 0.310 billion by 6.25 billion to find that 0.310/6.25 = 4.96% of the world's population lives in North America. To the nearest whole number, this is 5%.
______ argue for less government intrusion into the economy and decision making within business and industry.
Answer:
Conservatives
Explanation:
Conservatism a political philosophy which supports economic individuality, individual liberty with minimal government presence. Conservatism is a political ideology of a free market persuasion where tax by the government if any should be very small. They believe that government is only to concern itself with the provision of services that individuals are unable to provide as a result of some obvious constraint.
Libertarians and Conservatives typically argue for less government interference in economic matters, preferring a system called laissez-faire capitalism. This approach allows businesses to function independently, without government intervention, potentially leading to economic inequality and a lack of protection for consumers and workers.
Explanation:In the field of economics and particularly within the boundaries of political economy, it is generally the Libertarians and Conservatives who argue for less government intrusion into the economy. They advocate for a system called laissez-faire capitalism. The term 'laissez-faire' is French for 'let do', meaning letting things take their own course, without interference. Under this system, decisions about production and investment are determined by private individuals and businesses, rather than by governments or cooperative bodies. Critics, however, argue that laissez-faire capitalism can lead to economic inequality and lack of protection for consumers, workers, and the environment.
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A buyer submits an offer to purchase to the listing agent. He finds out that more than several offers are coming in for the same property. He can expect that ______
A buyer submits an offer to purchase to the listing agent. He finds out that more than several offers are coming in for the same property. He can expect that all offers will probably be presented at the same time, and the seller will select among them.
Explanation:
In certain situations buyers have to consider multiple rival purchase deals. Sellers will deal with different deals in several ways.
Sellers should consider the "highest" bid; warn all potential buyers that other deals are "at the table;" they can "compare" one offer by put the another offer on the side pending a counter-offer vote, or they can "fight" one offer and refuse the other.
The various bargaining tactics that you can use in multiple deals agreements are advantages and disadvantages. The low initial bid may lead to the purchase of the property you want for less than the quoted price, or may lead to the acceptance of a higher offer from another bidder.
The city of Mesa has developed a street improvement plan that will add lanes to one of the major north/south corridors. Because of the addition of the lanes, businesses along the corridor will lose frontage. However, none of the businesses will be required to move. Which of the following statements is true?
a.The city need not compensate the businesses since they will still remain intact.
b.The city must compensate the businesses for taking.
c.The city cannot take land for this purpose.
d.The city can attach "0" value to the frontage.
The accounting concept Consistent Reporting is being applied when a word processing service business reports revenue per page one year and revenue per hour the next year.
A) True
B) False
The concept of Consistent Reporting requires that the same accounting methods are used from period to period. Changing the method of reporting revenue (from per page to per hour) violates this principle, making the statement False.
The principle of Consistent Reporting in accounting states that a business should use the same accounting methods and principles from period to period. This consistency ensures that financial statements are comparable across periods and helps stakeholders understand business performance over time. So, reporting revenue per page one year and revenue per hour the next year is not an application of the Consistent Reporting principle. Therefore, the correct answer to whether the accounting concept of Consistent Reporting is being applied is False.
15. Honda developed its new CR-Z hybrid model for a distinct segment of consumers as a fun, green, sporty hybrid that stands out as being uniquely different from other hybrid models. This is an example of which of the following? Market positioning. TRUE or FALSE
Answer:
True
Explanation:
Marketing positioning is a strategy that establishes a specific perception of a product or brand in relation to the competitors. This involves marketing the product or brand in a certain way that creates an image in the customer's mind. According to this, it is true that the example refers to market positioning because Honda is trying to establish the new CR-Z hybrid model in the mind of the customers as a fun, green, sporty hybrid that is uniquely different from other hybrid models. So, Honda is trying to create a perception of the product in relation to its competitors.
Resource leveling is a network scheduling technique that seeks to assign nearly equivalent work units to each member of the project team True False
Answer:
False
Explanation:
Resource leveling in project management is a technique used to ensure that over-allocation of resource or conflicts as a result of over-allocation does not occur.
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Sadie is looking over the expenses and revenue of the company in order to prepare the company’s income statement. After this is completed, she will likely look at all other transactions so that other reports can be completed as well. What is this an example of?
Answer:
To prepared statement of Retained earning, items like dividend paid must be considered.
To prepare Balance Sheet, Assets (Non-current & current assets), Liabilities (Non-current & current liabilities) and Common stock items must be considered.
To prepare cash flow statement, changes in operating, financing and investment activities must be adjusted for.
Explanation:
Jack has a ticket to see Bo Bice for which he paid $30 yesterday. He takes an unpaid day off from work to get ready for the concert. When he arrives at the concert, five different people offer him $70 for his ticket. Jack decides to keep his ticket. The cost to Jack of seeing Bo Bice is: A). $30. B). $40. C). $70. D). $70 plus his forgone earnings. E). $350.
Answer:
$70
Explanation:
The cost to jack of seeing BO Bice is $70. The cost of ticket, and forgone earning should not be considered because these are the sunk cost. And we do not count sunk cost because we can't recover them. The only cost that should be considered is opportunity cost. opportunity cost is $70.
The cost to Jack of seeing Bo Bice is $30.
Explanation:The cost to Jack of seeing Bo Bice is $30.
Before the concert, Jack paid $30 for the ticket. Even though he had the opportunity to sell it for $70, he decides to keep it. Therefore, the cost of seeing Bo Bice is still $30.
It is important to note that Jack's forgone earnings are not considered in this scenario.
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The Simply Gum company has a goal of increasing traffic to its website and raising its purchase conversion rate by 15%. What type of metrics should it capture from its website to reach these goals?
Answer:
Unique visitors (Special visitors), search engine traffic, conversion rate.
Explanation: For the simply fum company to reach it goals with will have to start checking and making entry of its Unique visitors( visitors of special interest either new or existing that helps to build it's traffic). It also has to start checking the search engines to know how well the company is been searched and what possible ways can it build that traffic.
Through the data obtained from it's purchase conversion rate it will enable the company to know how much more is required to reach it's goals.
Javier, a new insurance agent, pays one of his customers to buy his firm's insurance product. Javier explains to the customer that he would pay the customer a few thousand dollars if the customer decides to invest in the policy recommended by Javier. This is an example of:________.
Answer: Bribery.
Explanation:
Bribery is a legal offense which involves giving or demanding for some form of valuables so as to gain favouritism or influence a situation in someone's else favour. Giving or accepting bribes while discharging one's duty as a government official or public office holder is said to be a form of corrupt practices, this could come as a form of gift, money, goods, property, contract award, etc.
Bribery is a crime in which when committed all parties involved are liable to being charged. Bribery harbours other vices such as fraud, cheating, partiality, power abuse, collusion, cartels, etc.
A local art gallery keeps information on its customers regarding their preferences forcertain artists as well as the style of art that interests them. The gallery uses thisinformation to inform the customers when new products arrive from their favoriteartists and targets them with special promotions. In this way, the gallery is using_______ to build loyalty among its customers.
a)Value co-creation
b)Customer relationship management
c)Transactional marketing
d)B2B marketing
e)The supply chain
Answer:
A - Value co - creation
Explanation:
Value co - creation is a strategy that promotes and encourages active involvement from the customer to create on-demand and made-to-order products. with this strategy, consumers get exactly what they want and are involved in making it happen. So the Art gallery using such information is clearly using a value - co creation strategy to build loyalty among its customer.
Mary, an independent sales representative, is hindered in her ability to be in contact with clients because of dropped calls on her cell phone. Her decision to purchase a cellular booster for her phone reflects Mary has just proceeded through the _____ stage of consumer decision making.
a. evaluative categorization
b. cognitive dissonance
c. need recognition
d. purchase evaluation
Answer:
C) need recognition
Explanation:
The need recognition stage is usually referred to as the problem identification stage. This is the first stage of the consumer decision making process, since the customer realizes that she has an unsatisfied need and is willing to acquire a good or service that will satisfy it.
Usually consumers identify problems or needs through internal factors, e.g. someone is hungry and needs food, or through external factors like advertisement, e.g. I just saw an ad about a new software that can make help me finish my accounting tasks faster.
Mary's decision to purchase a cellular booster after experiencing dropped calls represents her moving through the need recognition stage of consumer decision making, identifying a gap between her current situation and desired state.
Mary, an independent sales representative, is hindered in her ability to be in contact with clients because of dropped calls on her cell phone. Her decision to purchase a cellular booster for her phone reflects that Mary has just proceeded through the need recognition stage of consumer decision making. This stage occurs when a consumer identifies a difference between their current state and a desired state. In Mary's case, the recognition was the frustration from dropped calls which hindered her client communication, leading her to realize she needed a solution. Following this recognition, purchasing a cellular booster represents the action taken to address this identified need, thereby exemplifying the connection between recognizing a need and initiating a purchase to fulfill that need.
A company's sales in Seattle were $410,000 in 2012, while their sales in Portland were $290,000 for the same year. Complete the following statements: a. Seattle's sales were % larger than Portland's. b. Portland sales were % smaller than Seattle's. c. Portland sales were % of Seattle's.
Answer:
a) 41.38%
b) 29.26%
c) 70.73%
Explanation:
We should check agsint whom is the comparrison to deteminate the base.
If we compare "than Portland's" this means portland is the year base.
a) Seattle / Portland
410,000 / 290,000 - 1 = 41.3793 = 41.38%
b) 1 - Portland / Seattle = 1 - 290,000/410,000 = 29.26%
c) Portland / Seattle = 290,000 / 410,000 = 70.7317%
Final answer:
Seattle's sales were 41.38% larger than Portland's, Portland's sales were 29.27% smaller than Seattle's, and Portland's sales were 70.73% of Seattle's.
Explanation:
To find out how much larger Seattle's sales were compared to Portland's, you calculate the difference and then find out what percentage this difference is of Portland's sales.
Seattle's sales were \((410,000 - 290,000) / 290,000 \times 100 = 41.38\%\) larger than Portland's.
To determine how much smaller Portland's sales were than Seattle's, you again calculate the percentage difference based on Seattle's sales.
Portland's sales were \((410,000 - 290,000) / 410,000 \times 100 = 29.27\%\) smaller than Seattle's.
Finally, to find out what percentage Portland's sales were of Seattle's, you make a fraction of Portland's sales over Seattle's sales and convert that fraction to a percentage.
Portland sales were \(290,000 / 410,000 \times 100 = 70.73\%\) of Seattle's.
The nurse educator asks a student to list the 5 main categories of complementary and alternative medicine (CAM), developed by the National Center for Complementary and Alternative Medicine. Which statement, if made by the nursing student, indicates a need for further teaching regarding CAM categories
Answer:
Explained below.
Explanation:
A nurse educator questions to a student, to list the 5 main categories of complementary and alternative medicine CAM, developed by the NCCAM. The statements which were made by the nursing student indicates a need for further teaching regarding CAM categories are as follows:
* Massage therapy as well as magnetic therapy are a focus of CAM.
* Massage therapy, as well as magnetic therapy, are therapies within particular categories of CAM.
The owners of a local restaurant routinely try to develop new menu items and seek better ways of helping their customers. ______ is the result of their efforts.
Answer: The answer is INNOVATION.
Explanation: Innovation refers to a new idea, method or product. In business, innovation is a conscious effort at way of meeting customers needs through development of new ideas and extreme creativity.
Using the above information, which kind of investor would likely turn the greatest profit in this market, given that each of them purchased a house in this area at year 0?
a. A long-term investor, who wishes to hold onto the house for an extended period and rent it out in the meantime.
b. A house flipper, who will sell the house as soon as the market increases its value.
c. A moderate-term investor, who will sell the house once it reaches a certain price.
d. A cautionary investor, who will sell the house in order to minimize losses as soon as the prices begin to drop.
Answer:
The correct answer is (A)
Explanation:
People are more successful in housing business who invests for a longer period. Housing prices do not fluctuate rapidly which is why a long term investor who holds the house for a longer period will likely to earn greater profit compared to those who will hold the house for a short-term period. The short-term investor will earn profit but a small percentage whereas long-term investors will earn a greater profit which depends on how long they can hold on to the house.
Answer:
a. A long-term investor, who wishes to hold onto the house for an extended period and rent it out in the meantime.
Explanation:
got it right
Gladys Peel owns a 50% interest in the capital and profits of the partnership of Peel and Poe. On July 1, 2019, Peel bought land the partnership had used in its business for its fair market value of $10,000. The partnership had acquired the land five years ago for $16,000. For the year ended December 31, 2019, the partnership's net income was $94,000 after recording the $6,000 loss on the sale of land. Peel's distributive share of ordinary income from the partnership for 2019 was ________.
Answer:
$50,000
Explanation:
Data provided in the question:
Interest owned by Gladys Peel in the capital and profits of the partnership = 50%
Fair market value = $10,000
Value of the land acquired = $16,000
Partnership's net income = $94,000
Loss recorded = $6,000
Now,
The loss must be separately passed through to partners as it is a Sec. 1231 loss.
Therefore,
Partnership ordinary income = $94,000 + $6,000
= $100,000
Hence,
Peel's distributive share of ordinary income from the partnership for 2019
= 50% of Partnership ordinary income
= 0.50 × $100,000
= $50,000
Final answer:
Gladys Peel owns a 50% interest in the partnership. After accounting for a loss from the land sale, the partnership's original income before the loss for the year was $100,000. Therefore, Peel's distributive share of the partnership's ordinary income for 2019 was $50,000.
Explanation:
Gladys Peel owns a 50% interest in the partnership of Peel and Poe. When the partnership sold land it had acquired for $16,000 at a fair market value of $10,000, it recognized a loss of $6,000. Given that the partnership's net income for the year was $94,000 after recording the loss, we need to calculate Peel's distributive share of ordinary income.
To find Peel's share, we include her proportionate share of the loss in the partnership's net income. The net income of $94,000 includes the $6,000 loss, so the original income before the loss would have been $94,000 + $6,000 = $100,000. Since Peel is entitled to 50% of the partnership's profits, her share would be 50% of $100,000, which equals $50,000.
Therefore, Peel's distributive share of ordinary income from the partnership for 2019 was $50,000.
Participation in sport keeps youths off the street and out of trouble. This is central to which explanation of the relationship between organized sport and delinquency
Complete/Correct Question:
Participation in sport keeps kids off the street and out of trouble. This is central to which explanation of the relationship between organized sport and delinquency?
a. labeling
b. economic strains
c. undifferentiated arousal
d. social bonding
e. differential association
Answer:
E, Differential association
Explanation:
Differential Association is a criminology term invented by Edwin Sutherland that shows how interaction between these people influence people to learn attitudes, values. characters, techniques as well as criminal behavior from each other.
To this effect, participation in sports brings youths together and as such changes their thoughts and are influenced to have discipline, ethics, etc which is an important aspect of sportsmanship. This influences helps to keep youths off the street and out of trouble subsequently.
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