Answer:
Consider the following answers
Explanation:
Solution. (1) The name of a large U.S. public corporation is Walmart - Stores
(2) Website.
(3) A short profile of the Walmart coperation is given below: American multinational retail corporation that operates a chain of hypermarkets, discount department stores, and grocery stores. Headquartered in Bentonville, Arkansas, the company was founded by Sam Walton in 1962 and incorporatedon October 31, 1969. It also owns and operates Sam's Club retail warehouses. As of January 31, 2018, Walmart has 11,718 stores and clubs in 28 countries, operating under 59 different names. The company operates under the name Walmart in the United States and Canada, as Walmart de México y Centroamérica in Mexico and Central America, as Asda in the United Kingdom, as the Seiyu Group in Japan, and as Best Price in India. It has wholly owned operations in Argentina, Chile, Brazil, and Canada.
(4) The fiscal year end date of the annual report you used is 2017
(5) Total assets on the balance sheet are $198,825 millions
(6) Total revenues on the recent income statement is $485,873 millions
(7) Net income on the income statement is $ 13,643 millions
(8) The basic earnings per share reported on the recent income statement is $4.38
(9) The depreciation method used by the corporation is straight-line method
(10) The inventory method used by the walamrt is first-in, first-out (“FIFO”) method.
(11) There is only one class of stock i.e common stock)
the number of shares outstanding - 3.05
Your grandmother recently surprised you and gave you $15,000 expressly for the purpose of starting your retirement savings. Her only stipulation is that you have to invest the money now, and not touch any of it for the next 35 years (at which point you plan to retire). What will the value of this account be at the end of the 35 years under each of the following return assumptions (assume annual compounding)?
A. 6% per year
B. 10% per year
C. 14% per year
Answer:
A. $115,291.30
B. $421,536.55
C. $1,471,502.67
Explanation:
The expression that describes the final amount of a $15,000 investment compounded annually for 35 years is:
[tex]A = \$15,000*(1+i)^{35}[/tex]
A. 6% per year
i = 0.06
[tex]A = \$15,000*(1+0.06)^{35}\\A = \$115,291.30[/tex]
B. 10% per year
i = 0.10
[tex]A = \$15,000*(1+0.10)^{35}\\A = \$421,536.55[/tex]
C. 14% per year
i = 0.14
[tex]A = \$15,000*(1+0.14)^{35}\\A = \$1,471,502.67[/tex]
Nova Products has a 44-year maximum acceptable payback period. The firm is considering the purchase of a new machine and must choose between two alternatives.
The first machine requires an initial investment of $26 comma 00026,000 and generates annual after-tax cash inflows of $6 comma 0006,000 for each of the next 1010 years.
The second machine requires an initial investment of $29 comma 00029,000 and provides an annual cash inflow after taxes of $8 comma 0008,000 for 2828 years.
a. Determine the payback period for each machine.
b. Comment on the acceptability of the machines, assuming that they are independent projects.
c. Which machine should the firm accept? Why?
d. Do the machines in this problem illustrate any of the weaknesses of using payback?
Answer:
A determine the payback period for each.
Explanation:
Lorenzo just graduated from college and is now in the market for a new car. He has saved up $4,000 for a down payment. He's deciding between a Super and a Duper. The Super is priced at $23,599, and the Duper is priced at $18,999. After agonizing over the decision, he decides to buy the Duper. He writes the dealership a check for $4,000 and takes out a loan for the remainder of the purchase price.
Answer:
Please see attachment
Explanation:
Please see attachment
In a company that employs continuous budgeting on a quarterly basis and has an accounting period that ends December 31 of each year, what period would the first revision and update to the January through December 2015 budget cover? Select one: a. February 2015-January 2016 b. March 2015-February 2016 c. December 2015-November 2016 d. April 2015-March 2016 e. January 2016-December 2016
Answer:
d. April 2015-March 2016
Explanation:
After March 2015, The Continuous budget will be updated for the 12-month, period starting from April 2015 to March 2016.
such that:
Quarter 1 - January to March
Quarter 2 - April to June
First revision and update will be on the basis of outcomes of Quarter 1, for the one year year period starting from Quarter 2.
Therefore, The period would the first revision and update to the January through December 2015 budget cover April 2015 to March 2016.
You go to a local mechanic to get your tires changed. The tires cost $300. There is a 6% sales tax, but you get a 10% discount. There is also a $10 non-taxable disposal fee for your old tires, which the mechanic tells you is not subject to discount. 18. Write a function, t(x) for the total purchase amount after taxes, ignoring any discounts and fees.
Answer:
X= cost of the tires
t(x)= (.9*X+10)*1.06
If x = 300, then the costo is (.9*300 + 10) *1.06 = (270 + 10)* 1.06 = 280 * 1.06 = $296.80
If the tax is appplied first and then the discount is applied, your formula would be:
t(x) = (x+10)*1.06 - (-1*x)
If x is equal to $300, the cost is $310 * 1.06 - .1*300 = $328.60 - $30 = $298.60
you pay mor if the tax is applied first.
Your discounted price of .9*x stems from x - .10*x which becomes (1-.10)*x wich becomes .9*x
Your cost with tax stems from y + .06*x =(1+.06)*y = 1.06*y
Y is the amount of the cost that is taxed.
if the discuount is applied first, then y is equal to (.9*x + 10)
if the discount is applied after, then y is equal to (x+10).
The difference is the tas on the discount
Explanation:
Answer:
[tex]t(x)= x+0.06x\\[/tex]
or
[tex]t(x)= 1.06*x[/tex]
Explanation:
if we take x as the tyre cost ($ 300)
Tax = 6%
the function ignoring the discounts and fees would be:
[tex]t(x)= x+0.06x[/tex]
Now including discounts and fees, can be done by two ways
1) adding taxes before discount
To the price 300 add 6% tax = 318
discount would be 318 * 10% = 31.8
then the cost is 318 - 31.8 = 286.2
2) adding taxes after discount
To the price (300) we will apply the 10% discount
discount would be 300 * 10% = 30
price now will be 300- 30 = 270
now to the calculated price add the 6% tax
270* 1.06 = 286.2
Suppose a new sandwich restaurant is opening on your street. On the opening day, you order a sandwich for $15. While you are eating it, you realize that the sandwich is not very good. On the next day, you decide to make the $15 sandwich by yourself. You get all ingredients from the local supermarket for $5. How much does GDP increase by over both days together?
a. $5
b. $15
c. $20
d. $30
Answer:
c. $20
Explanation:
GDP (Gross Domestic Product) is the total monetary value of goods and services produced within the borders of the United States, regardless of who owns the assets or the nationality of the labor used in the production of that product.
GDP = C + I + G + (X - M)
The first day:
Consumption $ 10
Investment $ 5
Second day:
Expenses: $ 5
GDP = $20
if a taxpayer's 2019 household income of $60,000 places the taxpayer at 350% of the federal poverty level, what is the taxpayer's normal expected contribution when calculating the refundable tax credit for which the taxpayer may be eligible under the ppaca to purchase a qualified health plan?
Answer:
The taxpayer's normal expected contribution when calculating the refundable tax credit for which the taxpayer may be eligible under the ppaca to purchase a qualified health plan is $57,000.
Explanation:
With an income of $ 600,000, the tax payer is at 350% of the Federal Poverty Level or FPL, so the normal expected contribution is 9.5% of his income.
The normal expected contribution = 9.5% of his income
= 600000*9.5%
= $57,000
Therefore, The taxpayer's normal expected contribution when calculating the refundable tax credit for which the taxpayer may be eligible under the ppaca to purchase a qualified health plan is $57,000.
When calculating the refundable tax credit for which the taxpayer may be eligible under the ppaca to purchase a qualified health plan, the taxpayer's normal expected contribution is $57,000.
The taxpayer's income is at 350 percent of the Federal Poverty Level, or FPL, thus the normal expected contribution is 9.5 percent of his earnings.
The computation of normally expected contribution (NEC):
[tex]=0.095 \text{ of his income}[/tex]
[tex]=600,000[/tex] × [tex]0.095[/tex]
[tex]= 57,000[/tex]
Note = 9.5% 04 0.095
As a result, when computing the refundable tax credit for which the taxpayer may be eligible under the ppaca to purchase a qualified health plan, the taxpayer's normal expected contribution is $57,000.
To know more information about ppaca health plan, click below:
https://brainly.com/question/5407715
In Government contracting, one criterion for cost allowability is that the contractor's costs must comply with Generally Accepted Accounting Principles (GAAP) and _________________.
a. ISO 9001 Principles
b. Government Cost Accounting Standards (CAS)
c. Lean Manufacturing Principles
d. Cost as an Independent Variable (CAIV) Principles
Answer:
b. Government Cost Accounting Standards (CAS)
Explanation:
The process of government contracting is usually a very legal activity that requires contractors to be well qualified so as to receive the government contracts. There are certain principles that are required to be met on cost allowability, the principles include the Generally Accepted Accounting Principles (GAAP) and the nineteen principles of Government Cost Accounting Standards (CAS). These two principles are closely inspected by the government to make sure that the contractors adhere to them. The correct answer is B.
Knaack Corporation is presently making part R20 that is used in one of its products. A total of 18,000 units of this part are produced and used every year. The company's Accounting Department reports the following costs of producing the part at this level of activity:
Per Unit
Direct materials.................................. $8.00
Direct labor........................................ $2.50
Variable overhead............................... $7.10
Supervisor's salary........................... ...$7.30
Depreciation of special equipment........ $8.20
Allocated general overhead.............. ....$3.60
An outside supplier has offered to produce and sell the part to the company for $27.70 each. If this offer is accepted, the supervisor's salary and all of the variable costs can be avoided. The special equipment used to make the part was purchased many years ago and has no salvage value or other use. The allocated general overhead represents fixed costs of the entire company, none of which would be avoided if the part were purchased instead of produced internally.
Should management buy part R20 from the outside supplier rather than to continue making the part? What is the difference is cost between the make or buy options?
Answer:
It is more convenient to continue production.
Explanation:
Giving the following information:
Per Unit
Direct materials.................................. $8.00
Direct labor........................................ $2.50
Variable overhead............................... $7.10
Supervisor's salary........................... ...$7.30
Depreciation of special equipment........ $8.20
Allocated general overhead.............. ....$3.60
An outside supplier has offered to produce and sell the part to the company for $27.70 each.
The supervisor's salary and all of the variable costs can be avoided.
We need to determine if it is more convenient to buy the product or produced it in house.
First, we need to calculate the cost to produce it in house:
We will take into account the relevant costs (costs that changed with each decision).
Variable cost= direct material + direct labor + variable overhead
Variable cost= 8 + 2.5 + 7.1= $17.6
Fixed costs= 7.3
Total relevant cost= 17.6 + 7.3= $24.9
Buy:
Total relevant cost= 27.7
Cost difference= 27.7 - 24.9= $2.8
It is more convenient to continue production.
Information from the records of the Conundrum Company for September 2018 was as follows:
Sales $307,500
Selling and administrative expenses 52,500
Direct materials used 66,000
Direct labor 75,000
Variable factory overhead 50,000
Factory overhead 51,250
Inventories
Sept. 1, 2018 Sept 30, 2018
Direct materials $ 8,000 $10,500
Work in process 18,750 21,000
Finished goods 17,250 14,250
Conundrum Corporation produced 20,000 units.
The prime costs per unit for September were
a.$7.05
b.$8.8125
c.$20.00
d.$14.7375
Answer:
The prime costs per unit for September were a. $7.05
Explanation:
The prime costs per unit for September were (consider the following calculation).
step 1. = ($66,000 + $75,000) / 20,000 units
step 2. = $141,000 / 20,000 units
step 3. = $7.05 per unit
Final answer:
The prime costs per unit of the Conundrum Company are calculated by adding the direct materials used ($66,000) with the direct labor ($75,000) and then dividing by the number of units produced (20,000 units), resulting in a cost of $7.05 per unit.
Explanation:
Prime Costs Calculation
The question involves calculating the prime costs per unit for the Conundrum Company. Prime costs consist of direct materials and direct labor. In the provided data, we have the following figures for the month of September 2018:
Direct materials used: $66,000
Direct labor: $75,000
To calculate the prime costs per unit, we add the direct materials used to the direct labor and then divide by the number of units produced. The calculation is as follows:
Prime Costs = Direct Materials + Direct Labor
Prime Costs = $66,000 + $75,000
Prime Costs = $141,000
Units Produced = 20,000
Prime Costs per Unit = Prime Costs / Units Produced
Prime Costs per Unit = $141,000 / 20,000
Prime Costs per Unit = $7.05
Therefore, the correct answer is (a) $7.05.
The data below relate to the month of April for Monroe, Inc., which uses a standard cost system and a two-variance analysis of factory overhead:
Actual direct labor hours used
16,500
Standard direct labor hours allowed
16,250
Actual total factory overhead
$53,200
Budgeted fixed factory overhead
$12,000
Budgeted activity in hours
16,000
Total overhead application rate per standard direct labor hour
$3.25
Variable overhead application rate per standard direct labor hour
$2.50
What was Monroe's production-volume variance for April?
a.
$187.50 favorable
b.
$187.50 unfavorable
c.
$437.50 favorable
d.
$437.50 unfavorable
Answer:
Fixed overhead absorption rate
= Budgeted fixed overhead
Budgeted activity level
= $12,000
16,000 hours
= $0.75 per hour
Production volume variance
= (Standard hours - Budgeted hours) x Fixed overhead rate
= (16,250 - 16,000) x $0.75
= $187.5(F)
The correct answer is A
Explanation:
First and foremost, we need to calculate fixed overhead absorption rate, which is the ratio of budgeted fixed overhead to budgeted hours. then, we will calculate the production volume variance, which is the difference between standard hours and budgeted hours multiplied by fixed overhead absorption rate.
Final answer:
Monroe, Inc. has a production-volume variance of $187.50 unfavorable for April. This variance is calculated by subtracting the applied fixed factory overhead based on the standard direct labor hours allowed from the budgeted fixed factory overhead. The negative result indicates less efficiency in production volume. Option B
Explanation:
To calculate the production-volume variance for Monroe, Inc., we assess the difference between the budgeted fixed factory overhead and the applied fixed factory overhead. The budgeted fixed factory overhead for April is given as $12,000. Since the total overhead application rate per standard direct labor hour is $3.25, and the fixed portion of this is the total rate minus the variable rate ($3.25 - $2.50), this gives us a fixed overhead rate of $0.75 per standard direct labor hour.
Next, we apply this fixed overhead rate to the standard direct labor hours allowed, which totals to $0.75 \* 16,250 hours = $12,187.50 as the applied fixed factory overhead for the production volume actually achieved.
The production-volume variance is then the difference between the budgeted and applied figures: $12,000 (Budgeted) - $12,187.50 (Applied) = -$187.50. This means that Monroe's production-volume variance for April is $187.50 unfavorable, as the company applied more fixed overhead than budgeted due to the production volume, indicating less efficiency.
Tickets for the historical review of ballroom dancing at the Portsmouth Music Hall cost $42 for the main-floor seats and $25 for the balcony seats. Let m represent the number of tickets sold for the main-floor seats and let b represent the number of tickets sold for the balcony seats. What is the algebraic expression for each of the following amounts?
(a) The cost in dollars of all the main-floor seats that were sold
(b) The total number of seats that were sold for the performance
Answer:
(a) The cost in dollars of all the main-floor seats that were sold: 42m + 25b. (b) The total number of seats that were sold for the performance: m+b.
Explanation:
Its understood that 1 tickect is equal to 1 seat, therefore the number of seats = number of tickets regardless of the type of seat. With this assumption, the algebraic expressions can be done.
The Giving Voice to Values framework distinguishes between organizational and individual values because:
1-Organizational values are influenced by ethical leadership while individual values are influenced by perceptions of organizational values.
2-Organizational values are internal to each individual while individual values are highly visible within the organization.
3-Organizational values are highly visible within the organization while individual values are internal to the very core of individuals.
4-Organizational values create perceptions of ethical leadership while individual values are innate to the individual.
Answer:
The correct answer is 3
Explanation:
GVV stands for Giving Voice to Values is an approach which is very innovative as the drives the leadership development in the business workplace and the education.
It is not regarding the people persuading to be more ethical but concerned that the organizational values should be highly visible in the organization wheras in the individual values, which are internal to the core of the individuals.
When AS is greater than AD, savings will be greater than investment and economic activity will _________..
Answer:
The correct answer is: decrease.
Explanation:
If Aggregate Supply (AS) is higher than Aggregate Demand (AD), it implies somehow consumers are keeping their income with them. Economic activity will contract as a result but to promote consumption, for instance, banks lower their interest rates on loans with the confidence that consumers will have enough money to cover their debts.
In the Month of March, Chester Corporation received orders of 156 units at a price of $15.00 for their product Cozy. Chester uses the accrual method of accounting and offers 30 day credit terms. Chester delivers 104 units in March and the balance of 52 units in April. They received payment for 52 units in March, 52 units in April, and 52 units in May. How much revenue is recognized on the March income statement from this order? How much in the April Income statement? (Answer in thousands)
a. $780 , $780
b. $1,560 , $780
c. $2,340 , 0
d. 0 , $2,340
Answer:
b. $1,560 , $780
Explanation:
Step 1. Given information.
Chester Corporation received orders of 156 units at a price of $15.00 for their product Cozy. Which means $2.340 income.104 units for march and remaining 52 in April.The payment is received in three periods: 52 march, 52 april and 52 May
Step 2. Formulas needed to solve the exercise.
Income in march = Units payed * price per unit
Income in April = Units payed * price per unit
Step 3. Calculation and step 4. Solution.
Income in march = 104 * 14 = $1560
Income in April= 52 * 15 = $780
Note: because receiving order does not mean the sale is done. the 52 unit is dispatched in april, so we will take sales for april as 52 x 15.
The structural engineering design section within the engineering department of a regional electrical utility corporation has developed several standard designs for a group of similar transmission line towers. The detailed design for each tower is based on one of the standard designs. A transmission line project involving 46 towers has been approved. The estimated number of engineering hours needed to accomplish the first detailed tower design is 124. Assuming a 94% learning curve, what is your estimate of the number of engineering hours needed to design the eighth tower?
Answer:
102.99 hours needed
Explanation:
Zu = K (U^n)
Zu= estimation of tower which is for 8
U= number of tower which is 8
n= log0.94/log2
[tex]Zu= 124(8^{log0.94/log2} )= 102.99hours[/tex]
Compare a hypothetical DVC with a hypothetical IAC. In the DVC, average per capita income is $5000 per year. In the IAC, average per capita income is $40,000 per year. If both countries have a savings rate of 10 percent per year, the amount of savings per capita in the DVC will be $ per person per year, while in the IAC it will be $ per person per year.
Answer:
The amount of savings per capita in the DVC will be $500 per year.
The amount of savings per capita in the IAC it will be $4,000 per year.
Explanation:
- The average savings per capita is calculated as:
* Average per capita income x saving rates.
- Thus, for DVC, amount of savings per capita is calculated as:
* Average per capita income of DVC x saving rates of DVC = $5,000 x 10% = $500.
- and for IAC, amount of savings per capita is calculated as:
* Average per capita income of IAC x saving rates of IAC = $40,000 x 10% = $4,000.
Secret Prizes Inc. is planning to sell 200 buckets and produce 190 buckets during March. Each bucket requires 500 grams of plastic and one-half hour of direct labor. Plastic costs $10 per 500 grams and employees of the company are paid $15.00 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Secret Prizes has 300 kilos of plastic in beginning inventory and wants to have 200 kilos in ending inventory. How much is the total amount of budgeted direct labor for March? $1,425 $3,000 $2,850 $1,500
Answer:
Budgeted direct labour hours
= 0.5 hour x 200 buckets
= 100 hours
Budgeted amount of direct labour
= 100 hours x $15
= $1,500
Explanation:
There is need to calculate direct labour hour, which is 0.5 hour multiplied by number of buckets budgeted. then, we will determine the budgeted amount of direct labour, which is budgeted direct labour hours multiplied by hourly rate.
A site is improved with a single-family residence. If vacant, the value of the site for a residential use would be $100,000. However, the site is zoned so that a commercial use is allowed, and if vacant, it would sell as commercial property for $160,000. The cost of demolishing the existing structure is $20,000. What is the value of the property as improved for commercial use?
Answer:
Value of property= $140,000
Explanation:
If there were no commercial use of the site, it would have a value of $100000. But due to the site being zoned which allows it to be used for commercial purposes will have a value of $160000. But in order to make it available for commercial use, the existing structure has to be demolished which will cost $20000. Therefore, the value of property as improved for commercial use would be the net of sale value and costs incurred to make it available for sale. Calculation is as follows:
Sale value = $160,000
Costs to sell = (-$20,000)
Net value= $140,000
Sam comes home from work one day and finds two letters in his mailbox. One is an eviction notice from his landlord,Quinn, telling him he has to be out of the apartmentin 30 days because his barking device has been bothering the other tenants. It also states that Sam was not allowed to conduct a business from his apartment. Sam is angry because he specifically told Quinn that he was working on a new invention, and Quinn had wished him luck. The second letter is from the chain store, demanding that Sam deliver the promised 1,000 units immediately. Specifically,the following critical elements must be addressed:
A. Analyze the elements of this case to determine whether a valid contract exists between Sam and the chain store. Support your response by identifying the elements of a valid contract in your analysis.
B. Assume there is not a valid contract between Sam and the chain store. Analyze the elements of a quasi-contract and a promissory estoppel to determine whetherthe chain store would prevail on a claim of either. Why or why not? Include support for your analysis.
C. Identify the rights and obligations of both the landlord and tenant under a standard residential lease agreement.
D. Based upon those rights and obligations, does Sam’s landlord have groundsto evict? Why or why not?
E. Further, what defenses might Sam raise to an eviction action? Support your response.
Answer:
Consider the following explanations
Explanation:
Answer to the first question:
No valid contract exists between Sam and the chain store. For any contract to be valid, it should come under the purview of law. All the conditions and liabilities must be properly written down and registered and they should be agreed upon by both the parties. Though an oral contract is a valid one, it can be hard to prove the legality of such contract as there are no written legal bindings.
Answer to the second question:
The quasi contract case of the chain store will not prevail, as quasi contract is a contract which is enforced by a court of law upon the parties, whether they may agree to it or not. In this case, court's order was not involved.
Promissory Estoppel helps and affected party to recover from a loss suffered due to one's promise not kept. For legal enforcement, it must have the three elements, promisor, promisee and detriment suffered by the promisee. In this case, the promisee is the chain store which was promised by Sam, the promisor that he will ship 1000 instruments to the chain store. However, he was not able to supply the same because of the eviction notice given by the landlord of Sam. Hence, the detriment is suffered by the Chain store due to promise of Sam which was not kept. This needs to be proved by the chain store in a court with reasonable belief that they have actually suffered losses. If reasonable cause is produced by the chain store they have a strong case on the basis of promissory estoppel.
Answer to the third question:
Rights of landlord:
Access to property for inspection, repair and maintenance.
Timely receipt of rent payment with gradual increase in rent over a period of time.
Collection of security deposit before signing lease agreement.
Can restrict tenant from sub-letting his property.
Can evict tenant if property is damaged or lease contract terms are violated.
Obligations of landlord:
To provide tenant with a property with proper living conditions.
To provide tenant with electric and water supply.
To carry out necessary repair and maintenance of the property for which he is responsible under the contract.
To get the lease agreement registered with proper authority.
To provide the tenant with prior written notice before terminating the contract.
Rights of tenant:
To live a peaceful and happy life. If disturbance occurs due to some neighbor, he can ask them or the landlord to stop or can make a formal complaint.
Entitled for a standard accommodation with electric supply and water supply.
Entitled for privacy and landlord cannot enter his accommodation without his prior permission except in case of emergency.
Entitled for reimbursement for any repairs carried out for which the landlord is responsible.
Right to prior written notice for termination of contract or review in rent.
Obligations of tenant:
Pay the rent on time.
Pay the charges mention in the lease agreement.
Keep the property maintained and in good condition.
To inform the landlord for carrying out any repairs in the property.
To give access to the landlord for inspection, with prior appointment.
To live in a socialized manner without causing disturbance to the landlord and neighbors.
To comply with all the terms and conditions of the lease agreement.
To give prior written notice before evicting the property or ending the lease agreement.
Answer to the fourth question:
Based on the above rights and obligations of the tenant and landlord, Sam's landlord has proper ground to evict Sam from his property. As per the lease agreement, Sam was given the property for residential purpose only and not for carrying out any scientific work or invention. His work was causing nuisance and disturbance to the neighbors which was breach of terms of the lease agreement. Sam was entitled for use of the property only for living and peaceful purposes.
Answer to the fifth question:
Sam can raise his defense that he had told the landlord before signing the lease agreement that he was working on a new invention and at that time landlord never raised any objection. He also never questioned about the type of work that will be carried out by Sam in the rented property. He also did not include the terms in the lease agreement on which Sam was insisting hard, to avoid any future obligations.
Explain why paying each bill individually (paying transaction by transaction) is detrimental to one’s financial stability?
Answer:
Paying bills individually is more expensive
Explanation:
Paying bills by transaction is more expensive and a damaging to a person's financial health. Bill payment should be organized and planned to avoid unnecessary cost that comes with paying each bill individually.
Here are some facts about the relationship between three goods: Firm X produces a good that it sells to Firm Y. Firm Y produces a service and sells it to consumers. Firm Z produces a service that is similar to Firm Y, and they also sell to consumers. Firm Z has no relationship with Firm X. Firm X experiences an increase in the demand for its product. We can expect this to a. the price that it charges for its product. This change in the price of good X will cause the b. curve for good Y to c. . The change in the market for good Y will cause the price of good Y to d. . This change in the price of good Y will cause the e. for good Z to f. . Enter increase
Answer:
a. increase
b. supply
c. decrease
d. increase
e. demand
f. increase
Explanation:
An increase in demand will cause an increase in the equilibrium price and quantity of a good so (a) is increase.
Since a decrease in supply will cause an increase in the equilibrium price and a decrease in the equilibrium quantity of a good so (b) (c) and (d) are supply, decrease and increase respectively.
Also a change in demand will cause equilibrium price and output to change in the same direction. Therefore (e) and (f) are demand and increase respectively.
The value of a dollar variesQuestion 1 options:A) inversely with the price of gold.B) directly with the price level.C) inversely with the price level.D) directly with the purchasing power of other major currencies.
Answer:
Option (D) is correct.
Explanation:
There is a change in the value of the dollar with the change in the value or purchasing power of the other nation's currency. This means that there is a direct or positive relationship between the value of the dollar and the value of the other nation's currency. It is known as the exchange rate. Exchange rate is the rate at which goods are being traded between the nations.
1 year treasury investment yield 4%; while a high tech comonn stock investment yeilds 25%. the risk free rate of return is:______A. 0%B. 4%C. 21%D. 25%
Answer:
B. 4%
Explanation:
The risk free return is equal to the one year treasury investment yield because the treasury investment is a government bond and the people have a guarantee by the government that they will be paid what they are owed, thus a 1 year treasury investment yield is often looked at as a risk free rate of return. In this question the one year treasury yield is 4% so the risk free rate of return is also 4%.
Evaluate the current China/Taiwan logistics costs. Assume a current total volume of 190,000 CBM and that 89 percent is shipped direct from the supplier plants in containers. Use the data from the case and assume that the supplier-loaded containers are 85 percent full. Assume that consolidation centers are run at each of the four port locations. The consolidation centers use only 40-foot containers and fill them to 96 percent capacity. Assume that it costs $480 to ship a 20-foot container and $600 to ship a 40-foot container. What is the total cost to get the containers to the United States? Do not include U.S. port costs in this part of the analysis.
Answer:
The total cost involved in shipping the containers to country U.S is $2,594,930
Explanation:
Consider the following information regarding Company WWG:
Total Current volume (CBM) = 190,000
Direct shipping percentage = 0.89
Direct ship Volume (CBM) = 169,100
Consolidation center volume = 190,000 - 169,100 = 20,900
Calculate the shipping cost of the company as shown below:
Shipping Cost calculations
Direct ship by Container type (in Feet) 20 40
Volume (%) 0.21 0.79
Volume (CBM) 169,100*0.21 169,100*0.79
= 35,511 =133,589
Container capacity used 85% 85%
Container center by container type
Volume (%) = 100
Volume (CBM) = 20,900
Container capacity used = 96%
Container capacity (CBM) (34)
Container shipped = 35,511/ (34*0.85) =1,229
Shipping Cost per container = $480
Shipping Cost by container size ($) = 1,229*480 4589,920
Container capacity (CBM) (67)
Container shipped = 133,589/ (0.85*67) + 20,900/ (0.96*67) = 2,671
Shipping Cost per container = $600
Shipping Cost by container size ($) = 2,671*600 = $1,602,600
Calculate the total shipping cost as shown below:
Total shipping cost = $589,920+$1,602,600 = $2,192,520
Calculate the consolidation center operating cost as shown below:
Number of centers = 4
Annual fixed cost per center = $75,000
Total annual fixed cost = $75,000*4 =$300,000
Variable cost per CBM = $4.9
Total annual variable cost = 20,900*$4.9 = $102,410
Total annual consolidation center costs = $300,000+$102,410= $402,410
Calculate the total cost involved in shipping containers to the Country U as shown below:
Total Cost = Total Shipping Cost + Total Annual Consolidation center Cost
= $2,192,520 + $402,410
= $2,594,930
Hence, the total cost involved in shipping the containers to country U.S is $2,594,930.
Final answer:
The total cost to get the containers to the United States is $4,138,960.
Explanation:
To calculate the total cost to get the containers to the United States, we need to consider the logistics costs involved. Let's break it down step by step:
First, we calculate the total volume of containers shipped direct from the supplier plants. 89% of the 190,000 CBM volume is shipped directly, which gives us 169,100 CBM.
Next, we calculate the number of containers needed for the supplier-loaded containers. Assuming the containers are 85% full, we divide the volume by the capacity of a 20-foot container. 169,100 CBM / 20 CBM = 8,455 containers.Now, we calculate the number of 40-foot containers used at the consolidation centers. Assuming the containers are filled to 96% capacity, we divide the number of 20-foot containers by 2 and multiply by 1.04. (8,455 / 2) * 1.04 = 4,402 containers.Finally, we calculate the total cost by multiplying the number of 20-foot containers by the cost to ship a 20-foot container, and the number of 40-foot containers by the cost to ship a 40-foot container. (8,455 * $480) + (4,402 * $600) = $4,138,960.Therefore, the total cost to get the containers to the United States is $4,138,960.
If nothing changes except that producers sell more of a good or service when the price increases, we know this is an example of the law of
a. Increasing profit.
b. Supply.
c. Demand.
d. Opportunity cost.
e. Reduced real income.
Answer:
If nothing changes except that producers sell more of a good or service when the price increases, we know this is an example of the law of SUPPLY
Explanation:
The law of supply is simply termed as when there is an increase in quantity of goods also results into an increase in the price although every other factors must remain the same
Quick Fix-It Corporation was organized at the beginning of this year to operate several car repair businesses in a large metropolitan area.
The charter issued by the state authorized the following stock:
Common stock, $10 par value, 98,000 shares authorized
Preferred stock, $50 par value, 8 percent, 59,000 shares authorized
During January and February of this year, the following stock transactions were completed:
Sold 78,000 shares of common stock at $20 cash per share.
Sold 20,000 shares of preferred stock at $80 cash per share.
Bought 4,000 shares of common stock from a current stockholder for $20 cash per share.
Required:
Net income for the year was $210,000; cash dividends declared and paid at year-end were $50,000.
Prepare the stockholders' equity section of the balance sheet at the end of the year. (Amounts to be deducted should be indicated with a minus sign.)
The final stockholders' equity of Quick Fix-It Corporation at the end of the year is $1,860,000, calculated by adding the net common stock ($700,000), preferred stock ($1,000,000), and retained earnings ($160,000) together.
Explanation:The stockholders' equity section of the balance sheet can be calculated as follows:
Common stock: The company sold 78,000 shares at $10 par value each, which equals $780,000. However, they bought back 4,000 shares at $20 each, meaning they paid $80,000 for this. Therefore, the net common stock is $780,000 - $80,000 = $700,000.Preferred stock: The company sold 20,000 preferred shares at a par value of $50 each, which equals $1,000,000.There was also a net income of $210,000 for the year, but a payout of $50,000 in dividends. This means an addition to Retained Earnings of $160,000 ($210,000 - $50,000).Therefore, the final stockholders' equity is the sum of the net common stock, preferred stock, and the addition to retained earnings, which equals $1,860,000 ($700,000 + $1,000,000 + $160,000).
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You're traveling in Ireland and are thinking about buying a new digital camera. You've decided you'd be willing to pay $150 for a new camera, but cameras in Ireland are all priced in Euros. If the exchange rate is 0.83 Euros per dollar, what's the highest price in Euros you'd be willing to pay for a camera? A. 124.50 Euros B. 174.70 Euros C. 180.72 Euros D. 128.65 Euros E. 120.35 Euros
Answer:
A. 124.50 Euros
Explanation:
Willingness to pay is can be considered as the consumers’ intent to pay for the product. More deeply, it is the maximum price or less than that maximum price that the consumers will pay and buy that product.
Now, if you have some money and you have willingness to pay for 150$ to buy new camera in Ireland but the case is that in Ireland, the currency is euro not dollar, so you will have to exchange some dollars to euro. You know that 1 dollar equals 0.83 euros and you just want to pay maximum 150 dollars for the camera. After all, it will equal to ==> 150*0.83=124.5 euros. As a result, your willingness to pay for the camera in Ireland will equal to 124.5 euros.
Final answer:
To determine the highest price in Euros the student is willing to pay, multiply their maximum dollar amount ($150) by the exchange rate (0.83 Euros/dollar), resulting in €124.50.
Explanation:
The student is asking about the highest price in Euros they would be willing to pay for a camera in Ireland, given an exchange rate and their maximum dollar amount they are willing to spend. We can calculate this by converting the maximum dollar amount they are willing to spend into Euros using the provided exchange rate of 0.83 Euros per dollar.
To find out how much €150 is worth in dollars, we multiply 150 by the exchange rate:
150 dollars * 0.83 (Euros/dollar) = 124.50 Euros.
Therefore, the highest price in Euros the student would be willing to pay for a camera is €124.50.
In EXtreme Programming (XP) the Customer works very closely with the development team and the development team uses "User Stories" to convey functionality.
A. True
B. False
Answer:
True
Explanation:
this is to ensure deeper understanding.
The statement is true: in Extreme Programming (XP), the customer closely collaborates with the development team, using User Stories to communicate functionality needs. This collaborative approach is a key component of agile methodologies.
The statement that in Extreme Programming (XP) the customer works very closely with the development team and that the team uses "User Stories" to convey functionality is true. This close collaboration is central to agile methodologies, of which XP is a prominent example. The Agile Manifesto reinforces the importance of customer collaboration over contract negotiation, highlighting the necessity for business people and developers to work together daily throughout a project. This approach shifts focus from a traditional contractual relationship to a partnership where the customer plays an active role in the development process, providing valuable input and helping in prioritizing work through direct involvement and communication.
User stories are a concise, simple language tool that allows customers to articulate their requirements without needing a deep knowledge of IT or system development. However, ensuring that the customer is sufficiently knowledgeable and prepared to be involved in this way can be a challenge, but it is crucial for setting sensible priorities and accurately reflecting customer needs within the product. Should a customer be unable or unwilling to participate to the required extent, it might be necessary for someone from the development side to represent the customer's perspective, running the risk that the real user needs might not be fully understood or met.
According to Agile principles, such as those outlined in Extreme Programming, effective communication is paramount, recommending face-to-face conversations as the most efficient way to convey information. The core idea is to integrate customer feedback continuously and iteratively to ensure that the end product delivers business value and meets the evolving needs of the customer, contrasting sharply with the traditional waterfall model, which emphasizes a sequential design process.
Lucy Corporation purchased and used 129,000 board feet of lumber in production, at a total cost of $1,548,000. Original production had been budgeted for 22,000 units with a standard material quantity of 5.7 board feet per unit and a standard price of $12 per board foot. Actual production was 23.500 units The direct materials quantity vanance is a $63,000 favorable b. $59,400 unfavorable c. $63,000 unfavorable d. $59.400 favorable
Final answer:
The direct materials quantity variance for Lucy Corporation is $59,400 favorable since they used fewer materials than the standard for the actual production level.
Explanation:
The question asks for the calculation of the direct materials quantity variance for Lucy Corporation. This requires understanding standard quantities and prices versus actual figures. The standard quantity for the actual production level (23,500 units at 5.7 board feet each) would be 133,950 board feet. The difference between the standard quantity and the actual quantity used (129,000 board feet) represents a favorable variance if the standard is higher. The standard cost of the variance is calculated as the difference in quantity multiplied by the standard price per board foot.
In this case, the variance is (133,950 - 129,000) board feet × $12 per board foot, amounting to 4,950 board feet × $12 per board foot = $59,400. Since the company used less than the standard quantity, the variance is favorable.