Answer:
Profit center
Explanation:
Proft center is simply a type or form of programs or services that is given (offered) within organization or a club operations that gives an additional revenue and profits to their bottom line product/services. It is also referred to as a type of strategic business unit.
Profit Centers are set up to Increase Revenue and Profitability by/usually offered for additional fee and less dependence on monthly dues
he Lo Sun Corporation offers a bond with a current market price of $1,029.75, a coupon rate of 8 percent, and a yield to maturity of 7.52 percent. The face value is $1,000. Interest is paid semiannually. How many years is it until this bond matures
Answer:
8.5 years
Explanation:
The first point that is worthy of note here is that the bond's interest is paid on a semiannual basis , hence, the number of semiannual periods before maturity is computed below using Excel nper function:
=nper(rate,pmt,-pv,fv)
rate=semiannual yield to maturity=7.52%*6/12=3.76%
pmt=semiannual coupon=face value*coupon rate*6/12=$1000*8%*6/12=40
pv=current market price=$1,029.75
fv=face value=$1000
=nper(3.76%,40,-1029.75,1000)
nper=17
number of years until maturity=17/2=8.5 years
Suppose Mary receives an $8,000 loan from First National Bank. Mary repays $8,480 to First National Bank at the end of one year. Assuming the simple calculation of interest, the interest rate on Mary's loan was
Answer:
6%
Explanation:
In order to calculate the interest that Mary paid on her loan, we must first calculate the increased interest by dividing her total paid by the initial loan like so...
$8,480 / $8,000 = 1.06
This is the increased interest rate in decimal form. Now we must subtract by 1 and multiply by 100 to turn this into a percentage.
(1.06 - 1) / 100 = 6%
Now we see that the total interest rate that Mary paid on her loan was 6% which would sum up to be $480 on top of her initial loan.
g An increase in the minimum wage reduces the total amount paid to the affected workers if the price elasticity of
Answer:
demand is elastic
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
If demand is elastic and minimum wage is increased, the demand for labour would fall. this would decrease the total amount of wages paid to workers
Under former CEO Kalanick, when Uber entered into a new market, it often disregarded local laws and allowed its drivers to begin work illegally. Which step in the ethical decision tree was Uber not considering
Answer:
Throughout the clarification portion elsewhere here, the definition of the concern is mentioned.
Explanation:
Was this lawful or legal? It is the component that Uber did not consider throughout the ethical decision tree. Because it bypassed local regulations as well as encouraged its drivers would unlawfully start work. Preferably, can Uber investigate whether or not something is legal? If it was not lawful, then that would have waited until the municipal authority had made it legal, then and only then would everyone has authorized the drivers could beg for jobs.What effect will lowering the estimate for the allowance for doubtful accounts have on the company's net income and Blair's bonus
Question Completion:
Anton Blair is the manager of a medium-size company. A few years ago, Blair persuaded the owner to base a part of his compensation on the net income the company earns each year. Each December he estimates year-end financial figures in anticipation of the bonus he will receive. If the bonus is not as high as he would like, he offers several recommendations to the accountant for year-end adjustments. One of his favorite recommendations is for the controller to reduce the estimate of doubtful accounts.
Answer:
The effect of lowering the estimate for the allowance for doubtful accounts on the net income of the company is the increased net income resulting from reduced bad debt expense.
The effect of lowering the estimate for the allowance for doubtful accounts on Blair's bonus is the increased bonus since his bonus is based on the increased net income.
Explanation:
Blair's practice is unethical and selfish. The accountant should never comply with such directive as it does not protect the interests of the stockholders. Rather, she should explain the implications of such practice clearly to Blair.
From the following information, calculate: a. Net sales c. Gross profit from sales b. Cost of merchandise (goods) sold d. Net income Given: Gross sales, $36,000; sales returns and allowances, $2,800; beginning inventory, $5,900; net purchases, $6,800; ending inventory, $5,200; operating expenses, $8,100.
Answer:
a. Net sales = $30,100
b Gross profit from sales = $22,600
c Cost of merchandize(goods sold) = $7,500
d Net income = $14,500
Explanation:
Please find attached solution to the above questions and answers.
if somebody asks me if i need help on my work and i say " no ty " , is that rude?
You are applying for a firm permit using a fictitious name(s). Which name is least likely to be misleading
Answer:
Shelby County Accounting Services
Explanation:
Options includes "a. Ray Butler, Jr. & Arthur Anderson, CPAs, b. Shelby County Accounting Services, c. Ray Butler & Karen Condon, CPAs, d. Official Municipal Auditing Firm of Tennessee."
Shelby County Accounting Services is the least name out of the rest to be misleading. The name depict the companies purpose at once, meaning one can easily deduce what the company is offering. The name also shows the leave of professionalism in the company service, thus, making it the least likely to be misleading compared to the other option.
________ is called the first management function because all other management functions depend on it.
Answer:
planning
Explanation:
management function can be regarded as those functions that are needed in the organization for execution as well as acheiving the goals of the organization.
functions of managements that are needed for acheiving of organizational goals are;
✓planning
✓organizing
✓ leading
✓controlling.
It should be noted that planning called the first management function because all other management functions depend on it. Planning Helps to define the organizational goals, how the resources will be utilized, it helps to meet the objectives of the goals by looking into the future of the organization.
What types of information do we disclose to others when forming a relationship? (site 1)
Answer:
self disclosure
Explanation:
A department store expects to have 225 customers and 19 employees at peak times in summer. Determine the contribution of people to the total cooling load of the store. The average rate of heat generation from people doing light work is 115 W, and 70% of it is in sensible form.
Answer:
Total cooling load = 28060 W
Explanation:
Number of customers in tn peak summer, N = 225+19 = 244
The average rate of heat generation from people doing light work = 115 W
The total cooling load of the store = Number of customer * Heat generation per people
The total cooling load of the store = 244 * 115 (W)
The total cooling load of the store = 28060 W
An investment project costs $10,000 and has annual cash flows of $2,820 for six years. a. What is the discounted payback period if the discount rate is zero percent? (Enter 0 if the project never pays back. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the discounted payback period if the discount rate is 4 percent? (Enter 0 if the project never pays back. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What is the discounted payback period if the discount rate is 19 percent? (Enter 0 if the project never pays back. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Answer: a). 3.55 years b). 3.90 years
c). 6 years
Explanation:a). A discount rate of 0% gives exactly the same amount when the cash flow is not discounted. For the project; cash flow of 3 years will give $2,820 × 3 =$ 8460
$10000 - $8460 = 1540
$1540/$2820 = 0.55
Therefore, discounted payback period = 3.55 years
b). At a dicount factor of 4%, the discounted cash flow will be $(2711.43 + 2607.37 + 2506.98) = $7825.78
$(10000 - 7835.78 )= 2174.22
$2174.22/$2410.54 =0.90
Therefore discounted payback period at 4% = 3.90 years
c). At a discounted rate of 19%, the cashflow per year reduces further. The discounted payback period will be 6 years. That is, $(2369.75 + 1991.38 + 1673.39 + 1406.24 + 1181.72 + 993.94) = $9615.52
Sue gets a total of 20 utils per week from her consumption of pizza and a totalof 40 utils per week from her consumption of yogurt. The price of pizza is $1per slice, the price of yogurt is $1 per cup, and she consumes 10 slices of pizzaand 20 cups of yogurt each week.
a. True
b. False
Answer:
The last part of the question is missing:
Sue is consuming the optimal combination of pizza and yogurt.The answer is TRUE
Since Sue obtains 20 utils form consuming pizza and spends $10, her utility per dollar obtained from consuming pizza = 20 / $10 = 2 util per dollar.
Since Sue obtains 40 utils form consuming yogurt and spends $20, her utility per dollar obtained from consuming yogurt = 40 / $20 = 2 util per dollar.
Since she obtains the same number of utils per dollar from pizzas and yogurt, then she is consuming the optimal combination.
Prior to the write off of a $1,200 customer account, Jeffrey Company had the following account balances. Accounts Receivable: $65,500 and Allowance For Doubtful Accounts: $2,400. The net realizable value of the Accounts Receivable before and after the write-off was: Select one: a. Before After $63,100 $61,900 b. Before After $63,100 $65,500 c. Before After $63,100 $63,100 d. Before After $63,100 $60,700
Answer:
c. Before After $63,100 $63,100
Explanation:
the net realizable value of accounts receivable before the write off = $65,500 - $2,400 = $63,100
the journal entry to record the write off:
Dr Allowance for doubtful accounts 1,200
Cr Accounts receivable 1,200
Since the write off is covered by the allowance account (the balance of the allowance account = $2,400 - $1,200 = $1,200), it will not affect the net realizable value of accounts receivable.
Managing debt begins with
reyes Company has a loss carryforward of $490,000 and an income tax rate of 20 percent. What journal entry they would use to record this?
Answer: Benefit Due to Loss Carryforward (Income Tax Expense) $98,000
Explanation:
Loss carryforward = $490,000
Income tax percent = 20% =0.20
"Deferred Tax Asset" can be computed as:
Deferred Tax Asset =(Income tax percent ) x (Loss carryforward )
= 0.20 x ($490,000)
= $98,000
Journal entry:
Benefit Due to Loss Carryforward (Income Tax Expense) $98,000
The Corner Bakery has a bond issue outstanding that matures in 7 years. The bonds pay interest semi-annually. Currently, the bond prices are quoted at $1014 per $1000 of face value and carry a 9% coupon. What is the firm's after-tax cost of debt if the tax rate is 30%?
Answer:
0.0611 or 6.11%
Explanation:
The computation of the after tax cost of debt is shown below:
But before that we have to determine the yield to maturity
Given that
NPER = 7 × 2 = 14
PV = $1,014
FV = $1,000
PMT = $1,000 × 9% ÷ 2 = $45
The formula is shown below:
= RATE(NPER;PMT;-PV;FV;TYPE)
After applying it, the yield to maturity is
= 4.3643% × 2
= 8.72851%
Now After Tax Cost of Debt is
= 0.0872851 × ( 1 - 0.30)
= 0.0611 or 6.11%
why do we feel love?
Answer:
We feel love because a relationship is what makes a human happiest. Its proven scienctficly. I can't spell :p
Explanation:
Problem solving is best defined as what?
Explanation: The clinic nurse understands that problem solving is best defined as: Identifying the gap between "what is" and "what should be." The risk manager wants to evaluate the reasons for an increased number of falls on the rehab unit.
Answer:
its c
Explanation
Lesco's is evaluating a project that has a different level of risk than the overall firm. This project should be evaluated:_______
a. Using the market beta.
b. Using the overall firm's beta.
c. Using a beta commensurate with the project's risks.
d. At the market rate of return.
e. At the T-bill rate of return.
Answer:
c. Using a beta commensurate with the project's risks.
Explanation:
As we know that for every kind of project the risk are differents also risk is different so the beta is also different as compared with the beta of the firm, beta of the market etc
So while evaluating a project that contains different level of risk so in this case the third option is appropriate and the same is to be considered
Hence, the c option is correct
XYZ Corp. has an operating profit margin of 7%, a debt burden of .8, and has financed two-thirds of its assets through equity. What asset turnover ratio is necessary to achieve an ROE of 18%
Answer:
the asset turnover is 2.14
Explanation:
The computation of the asset turnover is shown below:
As we know that
ROE = Leverage ratio × Asset turnover × Profit margin × Burden of debt
.18 = 1.5 × Asset turnover × .07 .8
.18 = .084 × Asset turnover
So,
Asset turnover = 2.14
The leverage ratio is
= 3 ÷ 2
= 1.5
Hence, the asset turnover is 2.14
A monopolist Group of answer choices produces the same units as the competitive outcome. has the same profits as what would have in a competitive market. produces more than the competitive outcome. has zero profits. produces less than the competitive outcome.
Answer:
Produces less than the competitive outcome.
Explanation:
In the market system, because it is understood in market pattern that since no competition is put in situ, the monopolist can find it easy to regulate the value and also the quantity demanded. it's also known that the very fact that he's the sole source of the said good, demand can easily be high for him thereby making supply really upthight; therefore there's low supply.
A key characteristic of a monopolist is that it is a profit maximizer.
A monopolistic market has no competition, meaning the monopolist controls the worth and quantity demanded.
The level of output that maximizes a monopoly's profit is when the differential cost equals the marginal revenue.
Pharell works in the Government and Public Administration career cluster. Physical fitness and patriotism are very important to
him and he would like to travel to new places around the world. Which career pathway would best suit Pharell?
O Planning
O Governance
O Revenue and Taxation
O National Security
Answer:
O National Security
Explanation:
The Government and Public Administration cluster is composed of people who assist in enforcing the law. The cluster includes people in military workers, municipal clerks, and service clerks,
National security concerns the ability of a country to cater to its citizenry's protection and defense. Pharell liking for physical fitness and patriotism will make him a perfect fit for protecting the citizens and the country.
Answer:
Sorry im late but theyre right
Explanation:
A preferred stock from Hecla Mining Co. (HLPRB) pays $3.10 in annual dividends. If the required return on the preferred stock is 6.10 percent, what is the value of the stock? (Round your answer to 2 decimal places.)
Answer:
$50.82
Explanation:
Hecla mining corporation pays an annual dividend of $3.10
The required return on the preferred stock is 6.10 percent
Therefore the value of the stock can be calculated as follows
= Annual dividend/ required rate of return
= 3.10 / 6.10÷100
= 3.10/ 0.061
= $50.82
Hence the value of the stock is $50.82
g Long-run competitive equilibrium in an industry implies that no firm: Multiple Choice has an incentive to enter or exit the industry. is earning a normal profit. is earning accounting profits. is producing at the output level where price equals long-run average total cost.
Answer:
has an incentive to enter or exit the industry.
Explanation:
In a Long-run competitive equilibrium in an industry, no firm is earning abnormal profits but firms are earning normal profit or accounting profit. Also, there are no incentives to enter the industry as abnormal profits aren't earned in the industry. there are no incentives to leave because firms are earning normal profit
The general role of marketing in our private enterprise system is to link
Answer:
The general role of marketing in our private enterprise system is to coordinate.... In effect, marketing serves as the connecting link, or bridge, between producers and consumers. Selling, distribution, and pricing are marketing functions.
Explanation:
hope this helps you.
A stock person who is laid off by a department store because retail sales across the country have decreased is _______ unemployed. Multiple Choice structurally chronically cyclically frictionally
Answer: cyclically unemployed
Explanation:
Structural unemployment occurs when the workers do not have the necessary skills that are required for a particular job.
Chronic unemployment simply means an unemployment that has been for a long period of time.
Cyclical unemployment occurs due to fluctuation in the business cycle. When there's recession or decline on the economy, cyclical unemployment increases as there'll be reduction in demand for goods and services.
Frictional unemployment occurs when workers search for jobs. It's the time spent while one is unemployed looking for another job.
Based on the explanation, the answer is cyclically unemployed.
Consider the following cash flow profile, and assume MARR is 15 percent/year. EOY NCF 0 $-105 1 $11 2 $11 3 $11 4 $11 5 $11 6 $11 a. What does Descartes' rule of signs tell you about the IRR(s) of the project? b. What does Norstrom’s criterion tell us about the IRR(s) of this project? c. What is the IRR(s) for this project? d. Is this project economically attractive?
Answer:
a. What does Descartes' rule of signs tell you about the IRR(s) of the project?
Descartes' rule of signs state that a project will have the same number of IRRs as the number of times its cash flows change of signs. In this case, there is only one change of sign, therefore, there is only one IRR.
b. What does Norstrom’s criterion tell us about the IRR(s) of this project?
Norstrom's criterion states that a project that has only one negative cash flow at the beginning and then has only positive cash flows, will have only one IRR.
c. What is the IRR(s) for this project?
-11.84%
d. Is this project economically attractive?
No, this project is definitely not economically attractive, you would lose money by investing in it.
Explanation:
EOY NCF
0 $-105
1 $11
2 $11
3 $11
4 $11
5 $11
6 $11
IRR = -11.84%
What is the present value of a four-year annuity of $100 per year that makes its first payment 2 years from today if the discount rate is 9
Answer:
$297.22
Explanation:
Present value is the sum of discounted cash flows
present value can be calculated using a financial calculator
Cash flow in year 1 = 0
Cash flow each year from year 2 to 5 = 100
I = 9%
Present value = $297.22
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
According to the theorems of Dow Theory, the ideal market structure consists of a. an uptrend, top, downtrend and bottom b. a series of higher highs and higher lows c. a trend that is confirmed by the Advance / Decline Line d. Declining volume throughout a pattern
Answer:
According to the theorems of Dow Theory, the ideal market structure consists of
a. an uptrend, top, downtrend and bottom.
Explanation:
The theorems of Dow theory are the ideal market pictures of stock movement. This Dow financial theory says that the market is in an upward trend or downward trend because of averages. Understanding the Dow Theory enables traders to benefit from spotting and exploiting trends in the market.
