Answer:
A warranty is a promise made to the buyer of a good by the seller or manufacturer of the good about the condition of the product. If the product is not in certain condition or does not work as promised than the party issuing the warranty have to repair or replace the product up to a certain period of time.
Explanation:
2. Inputs and outputs Yvette's Performance Pizza is a small restaurant in Detroit that sells gluten-free pizzas. Yvette's very tiny kitchen has barely enough room for the four ovens in which her workers bake the pizzas. Yvette signed a lease obligating her to pay the rent for the four ovens for the next year. Because of this, and because Yvette's kitchen cannot fit more than four ovens, Yvette cannot change the number of ovens she uses in her production of pizzas in the short run. However, Yvette's decision regarding how many workers to use can vary from week to week because her workers tend to be students. Each Monday, Yvette lets them know how many workers she needs for each day of the week. In the short run, these workers arevariable inputs, and the ovens arefixed inputs.
Answer:
In the short run, these workers are variable inputs, and the ovens arefixed inputs. TRUE
Explanation:
The statement is true. The worker are defined on a weekly basis at will by Yvette hence, short-term thus variable input.
In the other hand; the oven were leased for the entire year thus, unchangable in the short run. Yvette's decition about the number of oven in her kitchen is a long-term decition as currently are fixed.
A factory machine was purchased for $375,000 on January 1, 2018. It was estimated that it would have a $75,000 salvage value at the end of its 5-year useful life. It was also estimated that the machine would be run 40,000 hours in the 5 years. The company ran the machine for 4,000 actual hours in 2018. If the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2018 would be A) $37,500. B) $60,000. C) $75,000. D) $30,000.
Answer:
The amount of depreciation expense for 2018 would be D) $30,000.
Explanation:
The units-of-activity depreciation method is calculated by using the following formula:
Depreciation Expense = [(Cost of machine − Salvage Value)/Life in Number of hours run] x Number of hours actual run = Depreciation Expense per hour x Number of hours run.
In the company,
Depreciation Expense per hour = ($375,000 - $75,000)/40,000 = $7.5
The company ran the machine for 4,000 actual hours in 2018.
The amount of depreciation expense for 2018 = $7.5 x 4,000 = $30,000
Special Order Nature's Garden, a new restaurant situated on a busy highway in Pomona, California, specializes in a chef's salad selling for $7. Daily fixed costs are $1,200, and variable costs are $4 per meal. With a capacity of 800 meals per day, the restaurant serves an average of 750 meals each day. (a.) Determine the current average cost per meal. Round your answer to two decimal places. $Answer (b.) A busload of 30 Girl Scouts stops on its way home from the San Bernardino National Forest. The leader offers to bring them in if the scouts can all be served a meal for a total of $150. The owner refuses, saying he would lose $0.60 per meal if he accepted this
Answer:
a.
Average cost per meal = Variable cost per meal + Fixed cost allocated to one meal sold = $4 + Total fixed cost/ Number of meals sold per day = $4 + 1,200/750 = $5.60.
b.
Price per one meal as per the leader of the Scout = 150/30 = $5
As the selling price is $0.60 lower than the average cost per meal ($5-$5.60), the owner has come up with the loss of $0.60 per meal served under the Scout leader's suggestion.
However, his calculation is not reasonable, because among the $5.60 cost per meal, there is a factor of allocated fixed cost equals to $1.6 per meal which will incurred regardless of the suggestion being accepted or not.
Given his restaurant does not run at full capacity, his profit per one meal from accepting the offer should be calculated as Price per one meal as per Scout leader offer - Variable cost per one meal = $5 - $4 = $1.
Explanation:
Calculate current average cost per meal and analyze a new offer in a restaurant.
A. To determine the current average cost per meal, you need to calculate the total cost per day and divide it by the number of meals served.
Total Cost Per Day = Fixed Costs + (Variable Costs Per Meal x Number of Meals)
Total Cost Per Day = $1,200 + ($4 x 750) = $4,200
Average Cost Per Meal = Total Cost Per Day / Number of Meals = $4,200 / 750 = $5.60
B. If the owner were to accept the offer for 30 Girl Scouts for $150, the cost per meal would be $5. If the current cost per meal is $5.60 and the owner would lose $0.60 per meal, it's not advisable to accept the offer.
The cash account for Stone Systems at July 31, 20Y5, indicated a balance of $17,750. The bank statement indicated a balance of $33,650 on July 31, 20Y5. Comparing the bank statement and the accompanying canceled checks and memos with the records reveals the following reconciling items:
Checks outstanding totaled $17,865.
A deposit of $9,150, representing receipts of July 31, had been made too late to appear on the bank statement.
The bank had collected $6,095 on a note left for collection. The face of the note was $5,750.
A check for $390 returned with the statement had been incorrectly recorded by Stone Systems as $930. The check was for the payment of an obligation to Holland Co. for the purchase of office supplies on account.
A check drawn for $1,810 had been incorrectly charged by the bank as $1,180.
Bank service charges for July amounted to $80.
Prepare a bank reconciliation.
Answer:
The bank reconciliation statement is as shown below:
Amount in $
Balance per bank statement 33,650.00
Deposit in transit 9,150.00
Outstanding check (17,865.00)
Bank charges 80.00
Note collected (6,095.00)
Returned check (540.00)
Check drawn (630.00)
Book balance 17,750.00
Explanation:
Deposit in transit has been recorded in the books, thus the addition to the bank balance. Bank charges have been deducted from the bank balance but not in the cash book hence it is added back. Note collected is yet to be recognized in the books hence the deduction from the bank balance.
Amount recorded from the check returned is more than the actual by $540 hence the deduction. The check drawn has been over charged by the bank to the tune of $630 hence the deduction.
The bank reconciliation process involves adjusting the book and bank balances by adding or deducting reconciling items to determine any discrepancies. After adjustments, the book balance should match the bank's balance, confirming the accuracy of the transactions.
Explanation:To prepare a bank reconciliation for Stone Systems, we start with the balance as per the books and the balance as per the bank statement and make adjustments for any discrepancies.
Balance as per the books (cash account): $17,750 Add: deposit in transit: $9,150Add: Note collected by the bank (including interest): $6,095Add: Under-recorded payment to Holland Co: $540 ($930 − $390)Less: Bank service charges: $80Adjusted balance as per the books: $33,455Now, let’s adjust the bank balance:
Balance as per bank statement: $33,650,Less: Outstanding checks: $17,865,Add: Check overcharged by the bank: $630 ($1,810 − $1,180),Adjusted balance as per bank: $16,415After checking the discrepancies, the adjusted balance in the bank reconciliation prepared should match from both perspectives, confirming the correctness of both the bank and book entries.
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The actual variable cost of goods sold for a product was $140 per unit, while the planned variable cost of goods sold was $136 per unit. The volume increased by 2,400 units to 14,000 actual total units. a. Determine the variable cost quantity factor. $ Increase in variable cost of goods sold b. Determine the unit cost factor for variable cost of goods sold.
The variable cost quantity factor is $9,600, which represents the change in variable costs due to an increase in volume. The unit cost factor for variable cost of goods sold is $56,000, which shows the monetary impact of the difference between actual and planned costs per unit.
Explanation:In this business scenario, we are trying to calculate the 'variable cost quantity factor' and 'unit cost factor'. The variable cost quantity factor is determined by the change in volume, and the difference in expected and actual variable costs per unit.
a. To calculate the '$ Increase in variable cost of goods sold', you need to multiply the additional volume by the actual unit variable cost: 2,400 units * $140/unit = $336,000. Then, calculate the expected variable cost: 2,400 units * $136/unit = $326,400. The variable cost quantity factor is actual cost - expected cost: $336,000 - $326,400 = $9,600.
b. To calculate the 'unit cost factor for variable cost of goods sold', find the difference between the actual and planned cost per unit and multiply this by the actual total units: ($140/unit - $136/unit) * 14,000 units = $56,000.
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A bond's current market value is equal to the present value of the coupon payments plus the present value of the face amount.a. Trueb. False
Answer:
The present value of a bond equals present value of annual coupon and present value of the face value of the bond. The correct answer is A.
Explanation:
In this case, we will obtain the present value of annual coupon by discounting the coupon at the present value of annuity factor for the bond duration. We will also obtain the present value of the face value of the bond by discounting the face value at the present value factor for the bond maturity.
Final answer:
The statement is true; a bond's market value is indeed the sum of the present value of its coupon payments and its face value, discounted at the bond's yield to maturity.
Explanation:
The statement that a bond's current market value is equal to the present value of the coupon payments plus the present value of the face amount is true. This relationship is fundamental in finance and is used to price bonds. The present value of the coupon payments represents the income stream the bondholder expects to receive until the bond matures, while the present value of the face amount represents the lump-sum payment the bondholder expects at maturity.
When calculating the present value of these amounts, we use a discount rate that reflects the bond's yield to maturity (YTM), which is the interest rate that equates the present value of the expected future cash flows from the bond (both the periodic coupon payments and the face value at maturity) with its current market price.
Dave Seminsky’s ability to open Sumarian Coffee in Shanghai can be attributed to which of the following?A. ethnocentrismB. availability of suppliesC. avoidance of tariffs and import quotasD. lower labor costsE. globalization
Answer:
E. globalization
Explanation:
-Ethnocentrism refers to judging another culture based on your own culture and considering yours as superior.
-Availability of supplies refers to having access to the products needed for the business.
-Avoidance of tariffs and import quotas refers to not having limitations like paying taxes on imports or exports or having a maximum quantity of a product that can be imported or exported.
-Lower labor costs refers to low salaries.
-Globalization refers to a process of integration that involves people, governments and companies around the world. When talking about business is about developing an international presence and beginning to operate in other countries.
According to this, Dave Seminsky’s ability to open Sumarian Coffee in Shanghai can be attributed to globalization.
. Archie can claim total deductible medical expenses that exceed 7.5% of his adjusted gross income. a. True b. False
The correct answer is; False, as of 2020.
Further Explanation:
In the previous tax years, 2017-2018, this statement would of been correct. Archie could of claimed his total deductible medical expenses that exceeded 7.5% of his AGI. However, the laws changed for 2019 and this is no longer the correct way to claim medical expenses.
For the 2019 taxes, a person can only deduct any expenses that amount to over 10% of the total AGI per person. The deduction can be figured by taking your AGI and multiplying this total by 10%. The deductions will also have to be itemized before claiming.
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Government contracts require that contractors perform at high levels of quality, and ask that the contractors specify in their proposals the specific quality standards with which their processes will be compliant. (Recognize the role of standards and specifications in the SE Processes.) a. Trueb. False
Answer:
a. True
Explanation:
Government uses contracts to hire people or companies to provide goods and services needed for different purposes and they establish all the terms under which contractors are hired and the obligations that they have to fulfill. The government requires in these contracts that the contractors meet certain quality standards to be able to get a good and/or service that is adequate to its needs. Also, the proposal contractors present need to include how they are going to provide the service and/or good and the standards that they will comply with so it could be determine by the Government if that is what is required and could be enforced in the future as it will be included in the contract. According to that, the statement is true.
You have noticed that paying higher wages attracts more productive employees. However, you are concerned that there may be a limit to this relationship. Some experimentation has convinced you that the relationship between daily wages paid (x) and profits can be modelled by the equation Profit = 50x − 0.5x2 + .001x3 + 200. The range of wages you are willing to consider is from $0 to $500 per day. Determine the level of wages that will maximize profit.
Answer:
The level of wages that maximize tge profit is $61.257
And the correspond value for the profit is:
[tex]p(61.257)=50(61.257)-0.5(61.257)^2 + .001(61.257)^3 + 200=1616.502[/tex]
Explanation:
For this case we have the following function:
[tex] p(x)= 50x -0.5x^2 +0.001x^3 +200[/tex]
Where x represent the daily wages paid [tex]0 \leq x \leq 500[/tex], and p(x) the profit, the objective is maximize this function, and in order to do this the first step is derivate the function respect to x and we got this:
[tex]\frac{dp}{dx}=50-x+0.003x^2[/tex]
As we can see we have a quadratic equation now we need to set up equal the derivate obtained to 0 and then solve for the critical points, like this:
[tex]\frac{dp}{dx}=0.003x^2 -x +50 =0[/tex]
We can use the quadratic formula given by:
[tex]x =\frac{-b \pm \sqrt{b^2 -4ac}}{2a}[/tex]
And for this case a=0.003 , b=-1 , c =50
Replacing this we got :
[tex]x =\frac{-(-1) \pm \sqrt{(-1)^2 -4(0.003)(50)}}{2(0.003)}[/tex]
[tex] x = \frac{1 \pm \frac{\sqrt{10}}{5}}{0.006}[/tex]
And we got:
[tex] x_1 =61.257 , x_2= 272.076[/tex]
Now we need to find the second derivate, like this:
[tex] \frac{d^2p}{dx^2}=0.006x-1[/tex]
And we can replace the values obtained:
[tex]0.006(61.257)-1 =-0.632 <0[/tex]
So then 61.257 is a maximum.
[tex]0.006(272.076)-1 =0.632 >0[/tex]
So then 272.076 is a minimum.
So then the level of wages that maximize tge profit is $61.257
And the correspond value for the profit is:
[tex]p(61.257)=50(61.257)-0.5(61.257)^2 + .001(61.257)^3 + 200=1616.502[/tex]
Final answer:
The student should calculate the derivative of the profit function, set it to zero to find critical points, and identify which of these maximizes the profit under the given wage constraint.
Explanation:
The student is tasked with finding the level of daily wages that will maximize the company's profit, given the profit function Profit = 50x - 0.5x2 + 0.001x3 + 200, where x represents the daily wage between $0 to $500. To find the wage that maximizes profit, we need to calculate the derivative of the profit function with respect to x and set it to zero to find the critical points. Then we can examine these points within the context of the wage constraints to determine the optimal wage level.
Calculate the derivative of the profit function: d(Profit)/dx = 50 - x + 0.003x2.Set the derivative equal to zero: 0 = 50 - x + 0.003x2.Solve for x to find critical points that fall within the wage range of $0 to $500.Analyze the critical points and choose the one that maximizes profit, considering the constraint.Information related to Harwick Co. is presented below. 1. On April 5, purchased merchandise on account from Botham Company for $23,000, terms 2/10, net/30, FOB shipping point. 2. On April 6, paid freight costs of $900 on merchandise purchased from Botham. 3. On April 7, purchased equipment on account for $26,000. 4. On April 8, returned damaged merchandise to Botham Company and was granted a $3,000 credit for returned merchandise. 5. On April 15, paid the amount due to Botham Company in full.
Answer:
Explanation:
The journal entries are shown below:
On April 5
Inventory A/c Dr $23,000
To Account payable A/c $23,000
(Being the inventory purchased is recorded)
On April 6
Inventory A/c Dr $900
To Cash A/c $900
(Being the freight cost is paid)
On April 7
Equipment A/c Dr $26,000
To Account payable A/c $26,000
(Being the equipment is purchased on credit)
On April 8
Account payable A/c Dr $3,000
To Inventory A/c $3,000
(Being the returned inventory is recorded)
On April 15
Account payable A/c Dr $20,000 ($23,000 - $3,000)
To Inventory A/c $400 ($20,000 × 2%)
To Cash A/c $19,600
(Being the amount due is paid)
MoveOn.org was one of the first groups to successfully organize a large number of people around issues like partisan bickering and the power of corporate lobbies in Washington. This was, in large part, because it used innovative technology to locate, recruit, and organize supporters. This is exactly what ________ theory would predict.
Answer:
Resources Mobilization Theory
Explanation:
It is theory of social movements that argues success movements gain traction by acquiring and successfully using resources to their advantage to achieve their goals.
This was, in large part, because it used innovative technology to locate, recruit, and organize supporters. This is exactly what resource mobilization theory would predict.
Explanation:Resource mobilization theory is a sociological and political theory that explains social movements' success in terms of their ability to acquire and effectively utilize resources such as money, people, and organizational support. It emphasizes the importance of resource acquisition, organization, and strategic planning in achieving social and political change through collective action.
In the context of the provided information, the theory that would predict the success of MoveOn.org in organizing supporters through innovative technology is the resource mobilization theory. This theory explains movement success based on the ability to acquire resources and mobilize individuals, and it emphasizes the importance of time and money as resources.
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A firm produces and sells two products, Plus and Max. The following information is available relating to setup costs (a part of factory overhead):
Plus Max
Units produced 200 16,000
Batch size (units) 10 400
Number of setups 20 40
Direct labor hours per unit 5 5
Total direct labor hours 1,000 80,000
Cost per setup $1,080
Total setup cost $64,800
1. With traditional two-stage allocation of overhead costs, using direct labor hours as the allocation base, the setup cost portion of overhead that is allocated to each unit of product for Plus and Max, respectively is __________?
Answer:
$4 and $4
Explanation:
The computation are shown below:
Per hour cost = Total set up cost ÷ Total direct labor hours
= $64,800 ÷ $81,000
= $0.8
Now the set up cost would be
= Per hour cost × Direct labor hours per unit
For Plus
= 5 × $0.8
= $4
For Max
= 5 × $0.8
= $4
All other given information is not important. Hence, ignored it
In what ways is Ingvar Kamprad a manager? In what ways is he a leader? What are the key leadership lessons provided by Kamprad’s experiences? Use the concepts of transactional, transformational, charismatic, and authentic leaders to describe the leadership of Ingvar Kamprad.
Answer:
Please see the explanation below
Explanation:
As a Manager:
Kamprad’s success as an entrepreneur is attributed to his managerial and leadership skills. Kamprad is an efficient financial manager and this is normally reflected in his inexpensive life. Kamprad encourages his employees to manage both personal and company resources in a very prudent manner. Kamprad is a very influential person and this makes it easy for him to implement company policies.
Kamprad is a very persistent manager who does not bow down to any competition. Kamprad’s major motivation is to improve the company’s market share and profits. His aggressiveness and determination to grow his company is what makes Kamprad to be classified as a good manager. Kamprad’s managerial philosophy is to always do things in a different way.
Kamprad’s background inspired him to establish a family business model that makes workers to feel as part of the family. Kamprad takes an inclusive approach to management and this improves the performance and dedication of his employees. Despite involving all employees in the affairs of the company, Kamprad is always aware of everything that happens within the company.
As a Leader:
The leadership quality that makes Kamprad to be a very special leader is his humility in accepting his mistakes and weaknesses.
Alcoholism is his most notable weakness and Kamprad has always owned up to this weakness. Kamprad is a very caring leader who will always go out of his way to ensure that his employees are fine. Kamprad is a very inspirational leader who influences his employees in a positive way.
Kamprad appears like other employees and does not like to be seen as a boss. He does everything like his employees and has over the years developed a very good relationship with employees IKEA is known around the world for its family like followership that makes every employee to feel as part of the family. The IKEA family is controlled by strict business ethics.
Kamprad’s leadership can be described using a variety of leadership concepts.Transactional, transformational, charismatic and authentic leadership concepts are very critical in describing the leadership of a very successful entrepreneur like Kamprad. The transactional approach in leadership is results oriented and employees are rewarded according to their performance.
Kamprad is a results oriented leader and therefore the transactional leadership concept can be used to describe his leadership. Transactional leaders are very inspirational and will always ensure that employees work towards achieving set goals and targets.
Transactional leaders take the responsibility of role clarification to ensure that employees are comfortable when they are carrying out their duties. In a transactional leadership approach, employees are expected to comply with company policies and other directives from the company leadership. Remunerations and promotions are based on performance in a transactional approach.
Kamprad is known to use a transactional approach to run his company. Kamprad has a tendency of influencing the assumptions and attitudes of his employees which is an element of transformational leadership. In a transformational approach, leaders work towards building commitment and trust to ensure that the company meets its goals and objectives.
This kind of approach can only be implemented by a very influential leader like Kamprad. Kamprad has always had a profound effect on his employees by encouraging them to work towards improving the organization.
The main objective of transformational leadership is to improve the performance of employees. Kamprad gives his employees the freedom to question his opinions and this makes him a transformational leader.
The charismatic concept of leadership is based on the ability of a leader to have a significant influence on his or her followers by demonstrating exceptional qualities.
There are certain traits and behaviors that are associated with Kamprad that qualify him to be a charismatic leader. To begin, Kamprad likes doing things differently in order to meet customer needs . A charismatic leader is always interested in making things better by supporting radical changes within an organization.
Kamprad is a very innovative leader who always comes up with new ideas that help his company to achieve its mission
Kamprad is always confident about his vision for the company and tries his level best to ensure that his employees are always motivated. Transactional, transformational and charismatic concepts of leadership constitute an authentic leader. Kamprad can be described as an authentic leader because he has a mix of all the qualities that are needed to run a multinational company like IKEA.
In April 2015, the U.S. Energy Information Administration projected that the average retail price for regular-grade gasoline would be $2.45 per gallon for the remainder of the year (the lowest average price since 2009). Indicate which of the following events might have triggered a decrease in gasoline prices O A. O B. ° C. The price of oil decreased substantially The supply of oil decreased The price of oil increased substantially. All of the above. D.
Answer:
Option C) and Option d)
Explanation:
Please see attachment
On January 1, 2017, Vaughn Company purchased 12% bonds, having a maturity value of $312,000, for $335,654.22. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2017, and mature January 1, 2022, with interest received on January 1 of each year. Vaughn Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified as available-for-sale category. The fair value of the bonds at December 31 of each year-end is as follows.
2017 $333,600 2020 $322,000
2018 $320,900 2021 $312,000
2019 $320,000
(a) Prepare the journal entry at the date of the bond purchase.
(b) Prepare the journal entries to record the interest revenue and recognition of fair value for 2017.
(c) Prepare the journal entry to record the recognition of fair value for 2018.
Answer:
bond securities 335,654.22 debit
cash 335,645.22 credit
--to record purchase of bonds--
cash 37,440 debit
interest revenue 33,564.52
bond securities 3,875.48
--to record interest revenue on the bonds--
bonds securities 1,821.26
unrealized holding gain 1,821.26
--to record recognition of fair value for the year ended Dec 31th 2017--
unrealized holding loss 8,620 debit
bonds securities 8,620 credit
-- to record recognition of fair vale for 2018--
Explanation:
a) we record the bonds for the amount we purchased, we make adjustment at year-end for any difference if needed
b)
312,000 x 12% = 37,440 cash proceeds
335,645.22 x 10% = 33,564.52 interest revenue
amortization 3,875.48
c) fair value: 333,600
book value: (331. 778,74)
unrealized gain 1,821.26
d)
37,440 - 333,600 x 10% = 4,080 amortization for the year
fair value at 2018 year-end $ 320,900
book value at 2018 $ 329,520
unrealized holding loss (8,620)
Pauline sat on a bar-type stool screwing nuts onto bolts about 3,000 times a day while reading a novel. Her production job paid well but that's about all it had going for it. Even though the work was not physically taxing, Pauline was exhausted by the end of her day. Facing another day just like yesterday nearly brought her to tears. Pauline was experiencing ________.
A. diseconomies from division of labor
B. economies of scale
C. repetitive motion stress
D. burnout
Answer: Option D
Explanation: In simple words, burnout refers to the state of mind in which an individual feels exhausted and disappointed due to excessive stress which is caused by constant demand and work.
Burnout of an individual reduces his or her energy level and makes them feel hopeless and helpless in the current situation. This condition causes emotional damages the victim leading to mental issues such as anxiety disorder and panic attacks etc.
Hence from the above we can conclude that the correct option is D
Marina, Inc., acquires 1 million shares of its own $1 par value common stock at $70 per share. It later resells the 1 million shares of treasury stock for $75. We record the $5 difference per share as a:a. gain in the income statement,b. revenue in the income statement,c. credit to Additional Paid-in Capital,d. credit to Common Stock.
Answer:
c. credit to Additional Paid-in Capital
Explanation:
The journal entry to record the difference is shown below:
Cash A/c Dr $75 million
To Treasury stock A/c $70 million (1 million shares × $70 per share)
To Additional paid in capital - in excess of par $5 million
(Being the issuance of treasury stocks is reported and the amount remaining is credited to the additional paid-in capital account)
On January 1, the Elias Corporation issued 10% bonds with a face value of $116,000. The bonds are sold for $113,680. The bonds pay interest semiannually on June 30 and December 31 and the maturity date is December 31, ten years from now. Elias records straight-line amortization of the bond discount. The bond interest expense for the year ended December 31 of the first year is.a. $485 b. $2,910 c. $5,820 d. $6,111
Answer:
The total interest expense on the bond
= 10% x $116,000
=$11,600
Semi-annual interest expense
= $11,600/2
= $5,800
None of the options is correct.
Explanation:
In this case, there is need to calculate the total annual interest expense on the bond, which is 10% of the face value. Then, the total annual interest expense will be divided by 2 since the bond pays semi-annual interest.
(Stock Market) Write a program to help a local stock trading company automate its systems. The company invests only in the stock market. At the end of each trading day, the company would like to generate and post the listing of its stocks so that investors can see how their holdings performed that day. We assume that the company invests in, say, 10 different stocks. The desired output is to produce two listings, one sorted by stock symbol and another sorted by percent gain from highest to lowest. The input data is provided in a file in the following format:
(A) symbol opening
(B) Price closing
(C) Price today
(D) High today
(E) Low prev
(F) Close volume
Answer:
Check attached file
Explanation:
#include
#include
#include
#include
using namespace std;
class stockType
public:
stockType();
stockType(string stockSymbol,double OPrice,double CPrice,double THPrice,double TLPrice,double YCPrice,int shares);
void setStockSysmbol(string stockSymbol);
void setOPrice(double OPrice);
void setCPrice(double CPrice);
void setTHPrice(double THPrice);
void setTLPrice(double TLPrice);
void setYCPrice(double YCPrice);
void setShares(int shares);
string getStockSysmbol();
double getOPrice();
double getCPrice();
double getTHPrice();
double getTLPrice();
double getYCPrice();
int getShares();
friend istream& operator>> (istream& is, stockType& a);
friend ostream& operator< (ostream&="" os,="" const="" stocktype&="">
bool operator ==(stockType s)
if(stockSymbol.compare(s.getStockSysmbol())==0)
return true;
else
return false;
Rise ’n Shine Bakeries is a nationwide chain that has plants located throughout the U.S. Top management at Rise ’n Shine believes that customers in different regions have different tastes. It also recognizes that its bakeries face more intense competition in some regions than in others. Therefore, Rise ’n Shine's top management gives local managers the freedom to offer different types of breads and desserts, and to decide on a reasonable pricing strategy for its products. Rise ’n Shine typifies a centralized organization
A. True
B. Flase
Answer:
The correct answer is letter "B": False.
Explanation:
A decentralized organization is one in which most decisions are taken by low range managers. On the other hand, centralized firms are characterized by following the guidelines of high-level executives. Decentralized companies have the same reporting structure as centralized institutions but each of them working at their hierarchy level.
Which of the following is true of a children's rider added to an insured's permanent life insurance policy?
A. It is permanent insurance
B. The policy covers only the natural children of the insured
C. Each child covered must show evidence of insurability
D. It is term coverage that is convertible to permanent insurance at or prior to the child reaching the maximum coverage age
Answer:
D It is term coverage that is convertible to permanent insurance at or prior to the child reaching the maximum coverage age.
Explanation: Children's rider are term insurance covering all of the children in the family, including newly born children, and can be converted to permanent insurance upon a child reaching the maximum or full age without evidence of insurability. It seems like a very decent insurance which a lot of people make use of .
Even though the research and development team of Orbiton Computer Inc. came up with promising technological innovations, the innovations couldn't be commercialized because the employees on the floor lacked the skills to implement or execute them. Thus, Orbiton Computer's failure can be attributed to the lack of
A. internal capabilities. B. market responsiveness. C. organizational suitability. D. technological feasibility.
Answer:
C
Explanation:
An organizational suitability statement for employees points out the reasons why the organization think their experience and skills are suitable for the position they are applying for in the organisation.
A suitability statement, known as a personal statement, shows a summary of the key skills and experience you possess for a given job
Thus Orbiton Computer's failure can be attributed to the lack of organizational suitability meaning the employees are not suitable and dont have the required skills for this job. They need to find the adequate skills for the job.
Otto Enterprises has a bond issue outstanding with a coupon of 8 percent that matures in 15 years. The bond is currently priced at $923.60 and has a par value of $1,000. Interest is paid semiannually. What is the yield to maturity?a. 8.67%b. 9.93%c. 9.16%d. 8.93%e. 8.45%
Answer:
Year Cashflow DF@7% PV DF@9% PV
$ $ $
0 (923.60) 1 (923.60) 1 (923.60)
1-15 80 9.1079 728.63 8.0607 644.86
15 1,000 0.3624 362.40 0.2745 274.50
NPV 167.43 NPV (4.24)
Kd = LR + NPV1/NPV1+NPV2 x (HR – LR)
Kd = 7 + 167.43/167.43 + 4.24 x (9 – 7)
Kd = 7 + 167.43/171.67 x 2
Kd = 8.95%
The yield to maturity is approximately 8.95%
The correct answer is D
Explanation:
The yield to maturity of the bond is calculated by applying internal rate of return formula. The current market price of the bond is the cashflow for year 0. The coupon on the bond (R = 8% x $1,000) is the cashflow for year 1 to 15 and the cashflow for year 15 is the face value.
All cashflows are discounted at 7% and 9% discount rates. The net present values were obtained by deducting the present value in year 0 from the present value of year 1 to 15.
Finally, the yield to maturity is calculated by applying the interpolation formula stated above, where LR denotes the lower discount rate, HR represents the higher discount rate, NPV1 refers to the positive NPV and NPV2 refers to the negative NPV.
Marti had an unexpected surprise when she ate her Lotsa Good cereal this morning. She found a piece of metal mixed in her cereal. The potential claim that Marti has against this firm is that of a(n):A. general creditorB. debtholderC. shareholderD. stakeholderE. agent
Answer:
Letter D is correct. Stakeholder.
Explanation:
A stakeholder is the company's strategic audience, which is made up of individuals or groups who have an interest in organizational business.
Can be:
Owners Contributors Customers Providers Unions State Competitors. (...)As a fundamental part of the set of organizational actions, stakeholders have a direct or indirect role in management and results.
Therefore it is necessary that management be directed to meet the needs and expectations of its stakeholders, to ensure compliance and quality in processes involving satisfaction and lasting relationship with the parties, which influences the achievement of competitive and economic advantages, enhancing the results. and organizational success.
Multinational forces interact with a variety of entities requiring unified actions. These entities include, but are not limited to, _____.
a. for profit relief agencies
b. non state actors
c. local media agencies
d. intergovernmental organizations (IGOs)
Answer:
d. intergovernmental organizations (IGOs)
Explanation:
Multinational forces cannot interact with for-profit relief agencies or local media agencies that require unified actions. The reason behind not choosing those agencies is that the agencies cannot command as a unified action. Multinational forces can only interact with the international government organization. Therefore, option D is the correct answer.
Sheila has just finished writing a press release regarding a new product developed by her firm. She intends to email the release to local radio stations and newspapers, and certain national magazines, in hopes that they will find the information newsworthy and decide run a story about the new product. This activity is part of her firm's __________ efforts.
A.public relations.
B. institutional advertising.
C. secondary advertising
D. interactive marketing
Answer:
Letter A is correct. Public relations.
Explanation:
Public relations in an organization is characterized as a communication strategy between the organization and its potential audience in order to manage effective communication and build relationships that benefit the company and the consumer.
Public relations professionals focus their efforts on creating a positive reputation for the organization through paid or unpaid communication that can take place via newspapers, magazines, the internet, tv shows, social engagements, events, and the like. that is beneficial for the reputation of the company to be built in accordance with predetermined parameters required by stakeholders.
Hart Manufacturing makes three products. Each product requires manufacturing operations in three departments: A, B, and C. The labor-hour requirements, by department, are as follows: Department Product 1 Product 2 Product 3 A 2.00 1.50 3.00 B 2.50 2.00 1.00 C 0.25 0.25 0.25 During the next production period the labor-hours available are 450 in department A, 350 in department B, and 50 in department C. The profit contributions per unit are $30 for product 1, $25 for product 2, and $28 for product 3. Formulate a linear programming model for maximizing total profit contribution. If the constant is "1" it must be entered in the box. If required, round your answers to two decimal places. Let Pi = units of product i produced
Answer:
Objective function:
Maximize Z: 30P1 + 25P2 + 28P3
Subject to: 2.00P1 + 1.50P2 + 3.00P3 ≤ 450 (Department A constraint)
2.50P1 + 2.00P2 + P3 ≤ 350 (Department B constraint)
0.25P1 + 0.25P2 + 0.25P3 ≤ 50 (Department C constraint)
P1, P2, P3 ≥ 0 (Non-negativity)
Explanation:
The objective function is formulated from the contribution margin of the three products. For instance, the contribution of Product 1 is $30, the contribution of Product 2 is $25 and the contribution of Product 3 is $28. Thus, the objective function will be 30P1 + 25P2 + 28P3.
The constraints were obtained from the departmental labour hours requirements for each product. For instance, Product 1 requires 2 hours in department A, Product 2 requires 1.50 hours in department A and Product 3 requires 3 hours in Department A. Thus, the constraint will be 2.00P1 + 1.50P2 + 3.00P3.
Maximize total profit contribution by determining the optimal production quantities for three products (P1, P2, P3) subject to labor-hour constraints in departments A, B, and C, with profit contributions of $30, $25, and $28 per unit, respectively.
To formulate a linear programming model for maximizing total profit contribution, we need to define the decision variables, the objective function, and the constraints. Let [tex]\( P_1, P_2, \)[/tex] and [tex]\( P_3 \)[/tex] represent the units of products 1, 2, and 3 produced, respectively.
The objective function to maximize the total profit contribution is given by:
[tex]\[ Z = 30P_1 + 25P_2 + 28P_3 \][/tex]
Subject to the following constraints:
1. Labor-hour constraint for department A:
[tex]\[ 2P_1 + 1.5P_2 + 3P_3 \leq 450 \][/tex]
2. Labor-hour constraint for department B:
[tex]\[ 2.5P_1 + 2P_2 + 1P_3 \leq 350 \][/tex]
3. Labor-hour constraint for department C:
[tex]\[ 0.25P_1 + 0.25P_2 + 0.25P_3 \leq 50 \][/tex]
4. Non-negativity constraint:
[tex]\[ P_1, P_2, P_3 \geq 0 \][/tex]
The linear programming model can be summarized as follows:
Maximize:
[tex]\[ Z = 30P_1 + 25P_2 + 28P_3 \][/tex]
Subject to:
[tex]\[ 2P_1 + 1.5P_2 + 3P_3 \leq 450 \][/tex]
[tex]\[ 2.5P_1 + 2P_2 + 1P_3 \leq 350 \][/tex]
[tex]\[ 0.25P_1 + 0.25P_2 + 0.25P_3 \leq 50 \][/tex]
And the non-negativity constraint:
[tex]\[ P_1, P_2, P_3 \geq 0 \][/tex]
This model aims to maximize the total profit contribution considering the labor-hour constraints in each department. Linear programming techniques can be applied to find the optimal values of [tex]\( P_1, P_2, \)[/tex]and \[tex](\( P_3 \)[/tex] that maximize the total profit contribution.
Sharon has eaten a lot of pizza in the past few years. In fact, she’s growing tired of pizza. Recently, she realized that pizza no longer brings her the same satisfaction, falling from 12 utils to 7 utils. Benefiting from higher productivity, Sharon’s favorite pizzeria also lowered prices from $2 to $1 per slice. What happens to Sharon’s marginal utility per dollar spent?
Answer:
the Sharon's marginal utility per dollar increases
Explanation:
We have given
In present scenario
Marginal utility derived = 12
And price per unit = $2
So marginal utility per $ [tex]=\frac{12}{2}=$6[/tex]
Now in revised scenario
Number of utility derived = 7
And And price per unit = $1
So marginal utility per $ [tex]=\frac{7}{1}=$7[/tex]
So the Sharon's marginal utility per dollar increases
In its 2018 fiscal year, the data storage company, NetApp Inc., reported that it had 267.9 million shares of common stock outstanding, trading at a price of about $68 per share. On the firm's balance sheet, the value of common stock equity was reported as $2.067 billion. NetApp's market/book ratio was ________.
(A) 7.7
(B) 68
(C) 8.8
(D) greater than 100
Answer:
option (C) 8.8
Explanation:
Data provided in the question:
Common stock outstanding = 267.9 million shares
Market price = $68 per share
Value of common stock equity reported = $2.067 billion
Now,
Market value = Market price × Number of Common stock outstanding
= $68 × 267.9 million
= $18,217.2 million
= $18,217,200,000
Book value = $2.067 billion = $2,067,000,000
therefore,
NetApp's market/book ratio = $18,217,200,000 ÷ $2,067,000,000
= 8.81 ≈ 8.8
Hence,
Answer is option (C) 8.8
The market/book ratio for NetApp Inc. is calculated by dividing its total market value ($18.217 billion) by its book value of equity ($2.067 billion), resulting in a ratio of approximately 8.8.
Explanation:The market/book ratio of NetApp Inc. can be calculated by dividing the total market value by the book value of equity. The total market value is found by multiplying the number of shares outstanding by the price per share, which is 267.9 million shares times $68 per share, resulting in approximately $18.217 billion. The book value of equity is given as $2.067 billion. Therefore, the market/book ratio is $18.217 billion divided by $2.067 billion, which equals approximately 8.8.