Answer:
$205,200
Explanation:
Calculation of Pension Expense
Service Cost $198,000
Interest cost $33,000
Expected return on the plan assets ($25,800) (258000*10%)
Pension Expense $205,200
So therefore, the pension expense for the year is $205,200.
Bustillo Incorporated is working on its cash budget for March. The budgeted beginning cash balance is $54,000. Budgeted cash receipts total $138,000 and budgeted cash disbursements total $133,000. The desired ending cash balance is $78,000. To attain its desired ending cash balance for March, the company needs to borrow:____.
Answer:
$19,000
Explanation:
Calculation to determine To attain its desired ending cash balance for March, the company needs to borrow
First step is to calculate the Actual ending cash balance
Using this formula
Actual ending cash balance = Beginning cash balance + Cash receipts −Cash disbursements
Let plug in the formula
Actual ending cash balance= $54,000 + $138,000 −$133,000
Actual ending cash balance= $59,000
Now let calculate the Amount borrowed
Using this formula
Amount borrowed = Desired ending cash balance −Actual ending cash balance
Let plug in the formula
Amount borrowed = $78,000 −$59,000
Amount borrowed= $19,000
Therefore To attain its desired ending cash balance for March, the company needs to borrow $19,000
g The corporate charter of Imp Company authorized the issuance of 10 million, $1 par common shares. During 2021, its first year of operations, the company had the following transactions: January 1 sold 8 million shares at $15 per share June 3 purchased 2 million shares of treasury stock at $18 per share December 28 sold the 2 million shares of treasury stock at $20 per share What amount should the company report as additional paid-in capital in its December 31, 2021, balance sheet
Answer:
$116 million
Explanation:
Calculation of Additional Paid-in-Capital
Jan 1: 8 million*$14 $112 million
June 3: 2 million*$17 ($34 million)
Dec 28: 2 million*$19 $38 million
Paid-in-Excess capital $116 million
So, the company should report $116 million as additional paid-in capital in its December 31, 2021, balance sheet.
Pretax Income From Percentage-Of- Completion Completed Contract Difference 2017 $1,024,000 $657,000 $367,000 2018 1,280,000 821,250 458,750 (a) Incorrect answer iconYour answer is incorrect. Assuming that the tax rate is 40%, what is the amount of net income that would be reported in 2018
Answer: $768,000
Explanation:
In 2018 the Net income is based on the pretax income from percentage of completion of $1,280,000.
Net income = Pretax income * ( 1 - tax rate)
= 1,280,000 * (1 - 40%)
= $768,000
Sunland Company incurred the following costs during the current year in connection with its research and development activities.
Cost of equipment acquired that will have alternative
uses in future R&D projects over the next 5 years (uses straight-line depreciation) $283,500
Materials consumed in R&D projects 55,700
Consulting fees paid to outsiders for R&D projects 117,000
Personnel costs of persons involved in R&D projects 137,500
Indirect costs reasonably allocable to R&D projects 45,700
Materials purchased for future R&D projects 32,700
Required:
Compute the amount to be reported as research and development expense by Sunland on its current year income statement. Assume equipment is purchased at the beginning of the year.
Answer:
Sunland Company
The amount to be reported as research and development expense by Sunland on its current year income statement is:
= $412,600
Explanation:
a) Data and Calculations:
Cost of equipment acquired that will have alternative
uses in future R&D projects over the next 5 years (uses straight-line depreciation) $283,500
Materials consumed in R&D projects 55,700
Consulting fees paid to outsiders for R&D projects 117,000
Personnel costs of persons involved in R&D projects 137,500
Indirect costs reasonably allocable to R&D projects 45,700
Materials purchased for future R&D projects 32,700
R&D Expenses for the year:
Depreciation of equipment ($283,500/5) $56,700
Materials consumed in R&D projects 55,700
Consulting fees paid to outsiders for R&D projects 117,000
Personnel costs of persons involved in R&D projects 137,500
Indirect costs reasonably allocable to R&D projects 45,700
Total R&D costs for the current year = $412,600
20) If you can download 10 ring tones for your cell phone for $10 or you could download 11 ring
tones for your cell phone for $10.50, then the marginal cost of the eleventh ring tone is
A) $0.50.
B) $10.00.
C) $10.50.
D) $20.50.
Answer:
A) $0.50.
Explanation:
Wall Inc. forecasts that it will have the free cash flows (in millions) shown below. Assume the firm has zero non-operating assets. If the weighted average cost of capital is 14% and the free cash flows are expected to continue growing at the same rate after Year 3 as from Year 2 to Year 3, what is the firm’s total corporate value, in millions? Do not round intermediate calculationsYear 1 2 3
Free cash flow -$20.00 $48.00 $50.50
Answer:
$461.38
Explanation:
Calculation to determine the firm’s total corporate value, in millions
First step is to find the growth rate
Using this formula
g = FCF3/FCF2 - 1
Let plug in the formula
g=($50.50/$48.00)-1
g=1.05208333-1
g= 5.208333%
Second step is to calculate the horizon or value at Year 2
Using this formula
Year 2 Horizon value = FCF3/(WACC – g)
Let plug in the formula
Year 2 Horizon value (HV2)=$50.50/(14%-5.208333%)
Year 2 Horizon value=$50.50/8.791667%
Year 2 Horizon value= $574.41
Now let calculate the Total corporate value using this formula
Total corporate value = FCF1/(1.14) +(FCF2 + HV2)/(1.14)^2
Let plug in the formula
Total corporate value=-$20/(1+.14)+($48+$574.39)/(1+.14)^2
Total corporate value=-$20/(1.14)+($48+$574.39)/(1.14)^2
Total corporate value=-$17.54+($622.41)/(1.14)^2
Total corporate value=-$17.54+$478.92
Total corporate value= $461.38
Therefore the firm’s total corporate value, in millions is $461.38
Ramon has decided to make a cash gift to the American Heart Association of $113,000. However, he is considering delaying his gift until next year when his AGI will increase to $300,000 and he will be in the 32% income tax bracket, an increase from his current-year income tax bracket of 24%.
Assume a 6% discount rate. The present value factors, at a 6% discount rate, are as follows:
Year PV factor at 6%
1 0.9434
3 0.8396
5 0.7473
Ramon asks you to determine the tax savings from the tax deduction in present value terms if he were to make the gift this year, rather than delaying the gift until next year. For purposes of this analysis, ignore the potential impact of the overall limitation on certain itemized deductions.
Total present value of tax savings from the tax deduction if made this year:$________
Total present value of tax savings from the tax deduction if made next year: $_______
Answer: See explanation
Explanation:
Since the AGI is given as $180,000, his charitable contribution will be:
= $180,000 × 60%
= $180,000 × 0.6
= $108,000
a. The Total present value of tax savings from the tax deduction if made this year will be:
Present value of tax savings = $108000 × 24% = $108000 × 0.24 = $25920
Add: Present value of tax savings for deferred part = ($113000 - $108000) × 0.9434 × 32% = $1509
Therefore, Total present value of tax savings from the tax deduction if made this year will be:
= $25920 + $1509.44
= $27429.44
b. Total present value of tax savings from the tax deduction if made next year will be:
= $113000 × 0.9434 × 32%
= $113000 × 0.9434 × 0.32
= $34113.34
Which firm would an economist most likely label as an oligopolist? Choose one: A. This firm is one of many successful pest exterminators in a small city. It competes with its rivals on price and service, but all of the firms' products are essentially the same. B. This firm is a grocery store in a rural town. The nearest other grocery store is 30 miles away. C. This firm is one of a handful of cement manufacturers in a small country. There are barriers to entry due to the necessity of controlling specific resources to make cement. D. This firm is in retail. It is one of the largest and most popular wholesale beauty supply stores in the country. It competes with many rivals, and there is intense price competition.
Answer:
C. This firm is one of a handful of cement manufacturers in a small country. There are barriers to entry due to the necessity of controlling specific resources to make cement.
Explanation:
An oligopoly is defined as a market situation where a few businesses exist in a given market, with none of them having ability to keep others from having significant influence.
A monopoly is when only one supplier exists in a market, a duopoly is when there are 2 suppliers, while an oligopoly is when number of supplier is more than 2.
But the number must be small enough that the actions by one firm significantly affects others.
When a firm is one of a handful of cement manufacturers in a small country, and there are barriers to entry due to the necessity of controlling specific resources to make cement. It is an oligopoly
Both Bond Bill and Bond Ted have 6.2 percent coupons, make semiannual payments, and are priced at par value. Bond Bill has 5 years to maturity, whereas Bond Ted has 25 years to maturity. If interest rates suddenly rise by 2 percent, what is the percentage change in the price of Bond Bill? Of Bond Ted? Both bonds have a par value of $1000. If rates were to suddenly fall by 2 percent instead, what would the percentage change in the price of Bond Bill be then? Of Bond Ted? Illustrate your answers by graphing bond prices versus YTM. What does this problem tell you about the interest rate risk of longer-term bonds?
Answer:
a-1. Percentage change in the price of Bond Bill = -8.07%
a-2. Percentage change in the price of Bond Ted = -21.12%
b-1. Percentage change in the price of Bond Bill = 8.94%
b-1. Percentage change in the price of Bond Ted = 30.77%
c. See the attached excel file for the graph.
d. It tells us that the longer the term of a bond, the greater will be its interest rate risk.
Explanation:
The price of each bond can be calculated using the following excel function:
Bond price = -PV(YTM, NPER, PMT, FV) ........... (1)
Where;
a-1. If interest rates suddenly rise by 2 percent, what is the percentage change in the price of Bond Bill?
YTM = (6.2% + 2%) / Number of semiannuals in a year = 8.2% / 2 = 4.1%
NPER = Number of semiannuals to maturity = 5 * 2 = 10
PMT = Payment = Coupon rate * Face value = (6.2% / Number of semiannuals in a year) * 1000 = (6.2% / 2) * 1000 = $31
FV = Face value = Initial price of Bond Bill = $1,000
Substituting all the values into equation (1), we have:
New price of Bond Bill = -PV(4.1%, 10, 31, 1000)
Inputting =-PV(4.1%, 10, 31, 1000) in a cell in an excel file (Note: As done in the attached excel file), we have:
New price of Bond Bill = $919.29
Percentage change in the price of Bond Bill = ((New price of Bond Bill - Initial price of Bond Bill) / Initial price of Bond Bill) * 100 = (($919.29 - $1,000) / $1,000) * 100 = -8.07%
a-2. If interest rates suddenly rise by 2 percent, what is the percentage change in the price of Bond Ted?
YTM = (6.2% + 2%) / Number of semiannuals in a year = 8.2% / 2 = 4.1%
NPER = Number of semiannuals to maturity = 25 * 2 = 50
PMT = Payment = Coupon rate * Face value = (6.2% / Number of semiannuals in a year) * 1000 = (6.2% / 2) * 1000 = $31
FV = Face value = Initial price of Bond Ted = $1,000
Substituting all the values into equation (1), we have:
New price of Bond Ted = -PV(4.1%, 50, 31, 1000)
Inputting =-PV(4.1%, 50, 31, 1000) in a cell in an excel file (Note: As done in the attached excel file), we have:
New price of Bond Ted = $788.81
Percentage change in the price of Bond Ted = ((New price of Bond Ted - Initial price of Bond Bill Ted) / Initial price of Bond Ted) * 100 = (($788.81 - $1,000) / $1,000) * 100 = -21.12%
b-1. If rates were to suddenly fall by 2 percent instead, what would the percentage change in the price of Bond Bill be then?
YTM = (6.2% - 2%) / Number of semiannuals in a year = 4.2% / 2 = 2.1%
NPER = Number of semiannuals to maturity = 5 * 2 = 10
PMT = Payment = Coupon rate * Face value = (6.2% / Number of semiannuals in a year) * 1000 = (6.2% / 2) * 1000 = $31
FV = Face value = Initial price of Bond Bill = $1,000
Substituting all the values into equation (1), we have:
New price of Bond Bill = -PV(2.1%, 10, 31, 1000)
Inputting =-PV(2.1%, 10, 31, 1000) in a cell in an excel file (Note: As done in the attached excel file), we have:
New price of Bond Bill = $1,089.36
Percentage change in the price of Bond Bill = ((New price of Bond Bill - Initial price of Bond Bill) / Initial price of Bond Bill) * 100 = (($1,089.36 - $1,000) / $1,000) * 100 = 8.94%
b-2. If rates were to suddenly fall by 2 percent instead, what would the percentage change in the price of Bond Ted be then?
rate = new YTM = (6.2% - 2%) / Number of semiannuals in a year = 4.2% / 2 = 2.1%
NPER = Number of semiannuals to maturity = 25 * 2 = 50
PMT = Payment = Coupon rate * Face value = (6.2% / Number of semiannuals in a year) * 1000 = (6.2% / 2) * 1000 = $31
FV = Face value = Initial price of Bond Ted = $1,000
Substituting all the values into equation (1), we have:
New price of Bond Ted = -PV(2.1%, 50, 31, 1000)
Inputting =-PV(2.1%, 50, 31, 1000) in a cell in an excel file (Note: As done in the attached excel file), we have:
New price of Bond Ted = $1,307.73
Percentage change in the price of Bond Ted = ((New price of Bond Ted - Initial price of Bond Bill Ted) / Initial price of Bond Ted) * 100 = (($1,307.73 - $1,000) / $1,000) * 100 = 30.77%
c. Illustrate your answers by graphing bond prices versus YTM.
Note: See the attached excel file for the graph.
d. What does this problem tell you about the interest rate risk of longer-term bonds?
It tells us that the longer the term of a bond, the greater will be its interest rate risk.
A company can manufacture a product using hand tools. Tools will cost $1,000, and the manufacturing cost per unit will be $1.50. As an alternative, an automated system will cost $15,000 with a manufacturing cost per unit of $0.50. With an anticipated annual volume of 5,000 units and neglecting interest, the breakeven point (years) is most nearly:
Answer: 2.8 years
Explanation:
Assume that the number of years it will take for both alternatives to be equal is "t". The breakeven point can be found by equating the fixed cost formulas of both alternatives.
First alternative:
= 1,000 + (1.50 * 5,000 units) * t
Second alternative:
= 15,000 + (0.5 * 5,000) * t
1,000 + 7,500t = 15,000 + 2,500t
7,500t - 2,500t = 15,000 - 1,000
5,000t = 14,000
t = 14,000 / 5,000
t = 2.8 years
If the company can charge only one price, what should it be? $ Part 2 (5 points)See Hint Suppose instead of charging one price for adults and one price for children, the helicopter company decides to charge different prices for young children (ages 12 and under), teenagers, adults, and senior citizens (those people 65 and older).
Answer:
The best price is $50 per person which results in maximum profit.
Explanation:
Helicopter company has capacity for 8 people in one trip including the pilot and it costs them $5 per person therefore the price cannot be lower than $35 (7 * $5). The marginal cost per trip is $35 therefore the company cannot charge the price below this. If the company chooses to charge one price for all, it should charge $50 per person as this will result in maximum profit.
What is a major way in which local farms help reduce greenhouse gas emissions?
A) by improving local economies
B) by decreasing food transportation costs
Answer:
.A
Explanation:
By improving local companies, they wouldn't need to burn fossil fuels and emit greenhouse gas.
Matthew Martin, the sole stockholder of Innovation Consulting, started the business by investing $49,000 cash in exchange for common stock. Identify the general journal entry below that Innovation Consulting will make to record the transaction.
Answer:
Debit Cash $49,000
Credit Common Stock $ 49,000
Explanation:
Based on the information given in a situation where Mathew begin the business by investing the amount of $49,000 cash in exchange for common stock which means that the appropriate general journal entry that Innovation Consulting will make to record the transaction will be:
Debit Cash $49,000
Credit Common Stock $49,000
Suppose that you are a speculator that anticipates an appreciation of the Singapore dollar (S$). You purchase a call option contract on Singapore dollars. Each contract represents S$40,000, with a strike price of $0.69 and call option premium of $0.03 per unit. Suppose that the spot price of the Singapore dollar is $0.70 just before the expiration of the call option contract. At this time, you call the contract and immediately sell the Singapore dollars to a bank at the current spot price.
Fill in the following table from your (the buyer's) perspective.
Transaction Per Unit Per Contract
Selling price of $0.92 _________
- Purchase Price of 5$ -$0.86 _________
- Premium Paid for Option -$0.02 _________
Net profit _________ _________
Answer: $1600
Explanation:
Selling price:
Per unit = $0.92
Per contract = $0.92 × 40000 = $36800
Purchase price of $5:
Per unit = -$0.86
Per contract = -$0.86 × 40000 = -$34400
Premium Paid for Option:
Per unit: -$0.02
Per contract = -$0.02 × 40000 = -800
Net profit = $36800 + (-$34400) + (-800)
= $36800 - $34400 - $800
= $1600
The net profit is $1600
According to Walter Shewhart:_______
a) chance causes should be eliminated whenever possible
b) assignable causes could be ignored if they did not cause too much variation
c) the mean, uppercontrollimit, lower controllimit and warning lines that are two sigma from the mean are indicated by horizontal lines in the control chart
d) chance causes could be fixed
e) a control chart has time on the top axis and a plot of sample measurements
Answer:
c) the mean, upper control limit, lower control limit and warning lines that are two sigma from the mean are indicated by horizontal lines in the control chart.
Explanation:
Walter Shewhart is regarded as an important personality in the history of quality management. He asserted that the behavior of real processes had the tendency to change as time changed and it was not the behaviur of theoretical random distributions.
Walter Shewhart posited that causes of variation could be divided into two which are chance cause and assignable cause. He maintained that chance causes could be ignored if they did not cause too much variation, and any attempt to eliminate them usually made the problem worse. He however posited that it was possible to fix assignable causes.
Walter Shewhart invented control chart in order to differentiate between variations caused by random events and trends that indicated assignable causes. There is time and a plot of sample measurements on the bottom axis of a control chart. The mean, upper control limit, lower control limit, and warning lines that are two sigma from the mean are indicated by horizontal lines.
Based on the above explanatio, the correct option is c) the mean, upper control limit, lower control limit and warning lines that are two sigma from the mean are indicated by horizontal lines in the control chart.
A company's past experience indicates that 60% of its credit sales are collected in the month of sale, 30% in the next month, and 5% in the second month after the sale; the remainder is never collected. Budgeted credit sales were: January $320000 February 176000 March 500000 The cash inflow in the month of March is expected to be
Answer:
Total cash collection= $368,800
Explanation:
Giving the following information:
A company's experience indicates that 60% of its credit sales are collected in the month of sale, 30% in the next month, and 5% in the second month after the sale.
Credit sales:
January $320,000
February $176,000
March $500,000
Cash collection March:
Sales in account January= (320,000*0,05)= 16,000
Sales in account February= (176,000*0.30)= 52,800
Sales in account March= (500,000*0.6)= 300,000
Total cash collection= $368,800
Kate fell asleep with a candle lit by her bed. She was sleeping on a mattress manufactured by the United Mattress Co. The candle fell from her nightstand and dropped onto the mattress where she slept. The mattress caught fire and Kate was severely burned. The mattress was a cheap no-frills model. It had been treated with some chemical additives to make it partially flame-resistant, but only to the extent of slowing the speed at which the fabric caught fire. It is possible to make mattresses fully flame-proof, but the process is an expensive one, so expensive that it would have taken the price of this mattress out of the "budget" range. The mattress bore a label indicating "flame resistant." During a discussion with the sales manager Kate asked about whether it was safe, and indicated she sometimes kept a candle by the bed. The sales manager said it was "the best mattress on the market." Kate wants to file a lawsuit against United Mattress Co. Can Kate sue based on negligence? Can Kate sue based on breach of warranty?
Answer:
1. Kate cannot sue United based on negligence, which is the duty of care. United was not negligent and owed no duty of care in this instance to Kate.
2. Kate can rather sue based on a breach of warranty. There was a warranty (a written specific guarantee) on the mattress label, which indicated that it was "flame resistant."
Explanation:
A warranty, in this case, involves the written statement or claim by United Mattress Co. that the mattress was "flame resistant." United could have limited its liability for breach of a warranty by indicating clearly that the mattress could only slow the flaming process instead of just resisting flame. By making the onerous claim that the mattress was "flame resistant," United was exposing itself to liability claims by Kate, who was clearly negligent in putting a candle near her mattress while sleeping.
During 2020, Bayside Inc. has 9% cumulative non-participating preferred stocks with a total par value of $300,000 and common stocks with a total par value of $100,000. On December 14, 2020, the company declared cash dividends of $16,000. Dividends were distributed on January 16, 2021. On December 12, 2021, the company declared cash dividends of $62,000. Dividends were distributed on January 15, 2022. Required: Prepare all necessary journal entries related to the dividend activity above (both preferred and common).
Answer:
Date - December 14, 2020
Debit : Dividend $16,000
Credit : Shareholders for dividends $16,000
Date - January 16, 2021
Debit : Shareholders for dividends $16,000
Credit : Cash $16,000
Date - December 12, 2021
Debit : Dividend $62,000
Credit : Shareholders for dividends $62,000
January 15, 2022
Debit : Shareholders for dividends $62,000
Credit : Cash $62,000
Explanation:
Dividends are initially declared before they are paid to the respective shareholders. So it is important to first record the journal at the declaration date of the dividend, then the payment date of the dividend as shown above.
g Which of the following best describes the company-related considerations (beyond software type) for the choice of a process methodology in a software project?1. Company size and culture and geographic team distribution ++2. Start-up vs established company3. Software size +4. Risk-taking vs. bureaucracy
Answer:
vii) Which of the following best describes the company-related considerations (beyond software type) for the choice of a process methodology in a software project?
1. Company size and culture and geographic team distribution
2. Start-up vs established company
3. Software size
4. Risk-taking vs. bureaucracy
Explanation:
Yesterday, you entered into a futures contract to sell €75,000 at $1.79 per €. Your initial performance bond is $1,500 and your maintenance level is $500. At what settle price will you get a demand for additional funds to be posted? A. $1.7767 per €. B. $1.2084 per €. C. $1.6676 per €. D. $1.1840 per €.
Answer:
A. $1.7767 per €
Explanation:
Calculation to determine At what settle price will you get a demand for additional funds to be posted
Settle price=[(€75,000*$1.79 per €)-($1,500-$500)]/€75,000
Settle price=$134,250-$1,000/€75,000
Settle price= $133,250 / €75,000
Settle price= $1.7767 per €
Therefore The settle price that you will get a demand for additional funds to be posted is $1.7767 per €
Blue Corporation purchased a truck at the beginning of 2020 for $61,000. The truck is estimated to have a salvage value of $2,440 and a useful life of 195,200 miles. It was driven 28,060 miles in 2020 and 37,820 miles in 2021. Compute depreciation expense using the units-of-production method for 2020 and 2021.
Depreciation expense for 2020
Depreciation expense for 2021
Answer:
Depreciation expense for 2020 = $8,418
Depreciation expense for 2021 = $11,346
Explanation:
Depreciation expense using the units-of-production method is determined as follows :
Depreciation expense = Depreciation rate x annual usage
where,
Depreciation rate = (Cost - Salvage Value) ÷ Estimated usage
= ($61,000 - $2,440) ÷ 195,200 miles
= $0.30 per mile
thus,
Depreciation expense for 2020
Depreciation expense = $0.30 per mile x 28,060 miles
= $8,418
Depreciation expense for 2021
Depreciation expense = $0.30 per mile x 37,820 miles
= $11,346
Reporting changes in Equipment on Statement of Cash Flows An analysis of the general ledger accounts indicates that delivery equipment, which cost $200,000 and on which accumulated depreciation totaled $60,000 on the date of sale, was sold for $132,500 during the year. Using this information, indicate the items to be reported on the statement of cash flows.
Transaction Section of Statement Added or Deducted
of Cash Flows
$200,000 cost of equipment Not shown on statement Not applicable
$60000 accumulated
depreciation Not shown on statement Not applicable
$132,500 sales price Cash flows from investing
activities Added
$7,500 loss on sale of equipment
(assume the indirect method
is used) Cash flows from operating
activities Added
Answer:
$200,000 cost of Equipment
This is not shown in the Cash flow statement unless it was purchased in the current year. Seeing as the asset is being sold significantly less than it was bought, we will assume this is not the case so this does not go into the Cashflow statement.
$60,000 Accumulated depreciation
NOT SHOWN IN CASHFLOW STATEMENT because it is only the current year depreciation that is shown.
$132,500 sales price.
This is ADDED TO CASHFLOW FROM INVESTING ACTIVITIES because investing activities deals with fixed assets so when they are sold, they are added back to the Investing activities to reflect the inflow of cash.
$7,500 loss on Sale of Equipment
This is ADDED TO CASHFLOW FROM OPERATING ACTIVITIES because the sales price already includes it in Investing activities yet Net income has accounted for it already by deducting it. To avoid double counting, the loss will have to be cancelled out by adding it back to the operating activities.
Item7
Item
Skipped
Item 7
Internet users aged 15 and older are expected to buy about ________ worth of products and services online in 2022 (excluding travel, automobile, and prescription drugs).
Multiple Choice
$200 million
$900 million
$40 billion
$100 billion
$500 billion
Answer:
$500 billion
Explanation:
when it comes to overcoming resistance in groups it is a good idea to
avoid all conflict in the first place
hold off on dealing with minor problems until the conflict becomes major
deal directly with resistance
encourage participants to suppress their emotions about the situation
Answer:
C! deal directly with the resistance
Explanation:
makes the most sense to me
The short-run average variable cost curve: a. starts above the origin and always slopes upward. b. is always downward sloping. c. slopes downward at low rates of output and then slopes upward at higher rates of output. d. starts at the origin and always slopes upward. e. is a horizontal line intersecting the vertical axis.
Answer:
c
Explanation:
Antony Johnson works in the human resources department of a small wholesale company. His boss has delegated to Johnson the job of finding a replacement for the company's shipping dock supervisor who has recently retired. Johnson will have total responsibility for filling this position. Johnson will be:
Answer:
made accountable
Explanation:
In an organisation when total responsibility is placed on a staff for a particular task, he is accountable for the outcome.
In the given scenario his boss has delegated to Johnson the job of finding a replacement for the company's shipping dock supervisor who has recently retired.
Johnson will need to find a person that meet the technical and moral standards that the job requires.
Johnson will be held accountable for the performance of the replacement staff.
Coronado Industries reported the following information for 2016: October November December Budgeted sales $470000 $420000 $510000 Budgeted purchases $290000 $226000 $268000 All sales are on credit. Customer amounts on account are collected 50% in the month of sale and 50% in the following month. Cost of goods sold is 35% of sales. Coronado purchases and pays for merchandise 60% in the month of acquisition and 40% in the following month. Accounts payable is used only for inventory acquisitions. How much cash will Coronado receive during November?
Answer: $445000
Explanation:
Based on the information that has been provided in the question, the amount of cash that Coronado will receive during the month of November will be:
= October sales × 50% + Novemeber sales × 50%
= ($470000 × 50%) + (420000 × 50%)
= $235000 + $210000
= $445000
Bramble Corp. has a materials price standard of $2.00 per pound. 4600 pounds of materials were purchased at $2.20 a pound. The actual quantity of materials used was 4600 pounds, although the standard quantity allowed for the output was 4300 pounds. Bramble Corp.'s materials price variance is
Answer:
$600 Unfavorable
Explanation:
Calculation to determine what Bramble Corp.'s materials price variance is
Using this formula
Materials price variance=(Standard quantity allowed-Actual quantity)*Materials price standard
Let plug in the formula
Material Price variance = (4300 - 4600)*$2 = Material Price variance=-300*$2
Material Price variance= $600 Unfavorable
Therefore Bramble Corp.'s materials price variance is $600 Unfavorable
Isoquants are convex to the origin due to: Group of answer choices the law of diminishing marginal utility. the fact that as less capital is used, its marginal productivity falls. the fact that as more labor is used, its marginal productivity rises. the assumption of the diminishing marginal productivity of each input.
Answer:
The correct answer is the last option: the assumption of the diminishing marginal productivity of each point.
Explanation:
On the one hand, the isoquants are the curves used in the study of microeconomics that particulary show the different combinations of inputs that a company can use in the production of its product with the purpose of maximizing it.
On the other hand the law of diminishing marginal productivity establishes that as long as a particular factor in the production keeps increasing then the productivity of the produciton will slowly decrease with each increase of the factor mentioned before.
So in conclusion, the isoquants are convex curves because that law establishes that if a factor goes up, the productivity goes up as well but at a lower level until eventualy goes down.
Consider two firms, Firm X and Firm Y, that have identical assets that generate identical cash flows. Firm Y is an all-equity firm, with 1 million shares outstanding that trade for a price of $24 per share. Firm X has 2 million shares outstanding and $12 million in debt at an interest rate of 5%. What is the stock price for Firm X
Answer: $6
Explanation:
To solve this question, we can use the Modigliani-Miller theorem. Since Firm Y is an all-equity firm, and has 1 million shares outstanding that trade for a price of $24 per share.
On the other hand, Firm X has 2 million shares outstanding and $12 million in debt at an interest rate of 5%. Therefore, the stock price for Firm X will be:
= ($24 - $12) / 2
= $12/2
= $6
Therefore, the stock price for Firm X is $6.
