Answer:
d. custody of work in process and of finished goods is properly maintained.
As a condition of his employment with an investment bank, Abasi Hasina, CFA, was required to sign an employment contract, including a non-compete clause restricting him from working for a competitor for three years after leaving the employer. After one year, Hasina quits his job for a comparable position with an investment bank in a country where non-compete clauses are illegal. Lawyers with whom he consulted prior to taking the new position determined that the non-compete clause was a violation of human rights and thus illegal. Did Hasina most likely violate the CFA Institute Code of Ethics and Standards of Professional Conduct
Answer:
Yes
Explanation:
In simple words, as per the CFA institute code and standards for ethical and professional conduct, a finance professional must obey the stricter law when conflicted by the national law of the country they are working in and the CFA institute rules and guidelines.
Since the CFA institute regulates and guide to protect the benefit of the employer, we can conclude that Abasi Hasina has violated the CFA institute codes.
4. Please describe the five types of financial ratio analyses. Please provide and briefly discuss 2 ratios from each of the five types of analysis. Please perform each of the above five types of analysis using two ratios from each for any publicly traded company that you wish except, Pepsico, Apple, and Kroger. Please go to Yahoo finance, type in the name of the company, go to financial statements as summarized on Yahoo. You can use the latest quote as the stock price for any valuation ratios that you use involving stock price. You cannot provide ratios already provided in the stock summary.
Answer:
We have five broadly categorized financial ratio analyses like Leverage, Liquidity, Profitability, Efficiency, and market price ratios. The liquidity Ratio gives us information over what proportion of current liabilities are being paid off by the corporate annually and the way effectively current assets are put to use. We use the present ratio to urge to understand the company's ability to pay off short-term liabilities.
Market price ratios consider calculating shareholders' value with reference to the dividend they provide, earnings, and market value. Earning share per Price may be a ratio where analysts consider calculating for the aim of knowing what proportion of income is being generated for every share. PE ratio is that the Price Earnings ratio which is employed in comparative analysis among industries and corporations. The profitability ratio determines what proportion maybe a company ready to produce using its assets and equity.
Return on Assets calculates what proportion returns are the assets are ready to produce the cash flows, also Return on Equity calculates what proportion returns are often generated as a profit or gain to the shareholders. Efficiency ratios discuss how capable are the assets in producing the returns or gains. Inventory Turnover Ratio discusses what proportion the last time inventory has been sold off. The assets ratio is beneficial in going to skills much credit given to the purchasers must be gained.
If a 10 percent increase in income induced a group of consumers to reduce their yearly purchases of eggs by 5 percent, for these consumers, Group of answer choices the income elasticity of eggs equals approximately 1.05. the income elasticity of eggs is 0.5. eggs are a luxury good. eggs are an inferior good.
Answer:
the income elasticity of eggs is 0.5.
Explanation:
Inferior goods are goods whose demand falls when income rises and increases when income falls.
Income elasticity of demand measures the responsiveness of quantity demanded to changes in income.
income elasticity = percentage change in quantity demanded / percentage change in income
5/10 = 0.5
If the absolute value of income elasticity of demand is greater than one, it means demand is elastic.
If the absolute value of income elasticity of demand is less than one, it means demand is inelastic.
Suppose the price elasticity of supply for dog biscuits is 0.8 in the short run and 1.4 in the long run. If an increase in the demand for dog biscuits causes the price of dog biscuits to increase by $15, then the quantity supplied of dog biscuits will increase by about
Answer:
12% short run, 21% long run
Explanation:
In the short run, the price elasticity for biscuits is 0.8
0.8×15
= 12%
In the long, run the price elasticity for biscuits is
= 1.4×15
= 21%
Hence the quantity of supplied dog biscuits will increase by 12% in the short run and 21% in the long run
Adams, a general contractor, Brinks, an architect, and Carson, an interior decorator, formed the Dex Home Improvement General Partnership by contributing assets as follows: Fair % of Partner Share Adjusted Market in Capital Asset Basis Value Profits and Losses Adams Cash $40,000 $40,000 50% Brinks Land $12,000 $21,000 20% Carson Inventory $24,000 $24,000 30% The land was a capital asset to Brinks, subject to a $5,000 mortgage, which was assumed by the partnership. Brinks' initial basis in Dex is:
Answer:
8,000
Explanation:
Calculation to determine what Brinks' initial basis in Dex is:
Carryover Basis of Land Contributed by Brinks $12,000
Less Mortgage Assumed by the Partnership ($5,000)
Add Mortgage percentage Kept by Brinks $1,000
(.20 x $5,000)
Brink's Initial Basis $ 8,000
($12,000-$5,000+$1,000)
Therefore Brinks' initial basis in Dex is: $8,000
Mutt and Jeff each have a 50% interest in Keni Partnership. The partnership and the individuals file on a calendar-year basis. For its Year 4 tax year, Keni had a $30,000 loss. Mutt's adjusted basis in the partnership interest on January 1, Year 4, was $8,000. In Year 5, Keni partnership had a profit of $28,000. Assuming that there were no other adjustments to Mutt's basis in the partnership in Year 4 and Year 5, what amount of partnership income (loss) would Mutt show on his Year 4 and Year 5 individual income tax returns
Answer:
A partner's distributive share of partnership loss is allowed only to the extent of the adjusted basis of the partner's partnership interest:
Computation:
Year 4 Year 5
Mutt's share of profit(loss) at 50% ($15,000) $14,000
Basis 8,000 0
Unallowed loss (carryover) ($ 7,000) ($ 7,000)
Taxable income(loss) allowed ($ 8,000) $ 7,000
Why is the Form W-2 needed in order to file a tax return?
Answer:
The IRS requires employers to report wage and salary information for employees on Form W-2. Your W-2 also reports the amount of federal, state and other taxes withheld from your paycheck.
Helpful link:
https://turbotax.intuit.com/tax-tips/irs-tax-forms/what-is-a-w-2-form/L6VJbqWl5#:~:text=The%20IRS%20requires%20employers%20to,when%20preparing%20your%20tax%20return.
The master budget of Swifty Corporation shows that the planned activity level for next year is expected to be 50000 machine hours. At this level of activity, the following manufacturing overhead costs are expected: Indirect labor $630000 Machine supplies 90000 Indirect materials 120000 Depreciation on factory building 60000 Total manufacturing overhead $900000 A flexible budget for a level of activity of 60000 machine hours would show total manufacturing overhead costs of
Answer:
$1,068,000
Explanation:
The computation of the total manufacturing overhead cost should be
Total variable manufacturing overhead for 50,000 machine hours is
= Indirect labor + Machine supplies +Indirect materials
= 630,000+90,000+120,000
= $840,000
Now
Variable manufacturing overhead per machine hour is
= Total variable manufacturing overhead cost ÷ Number of machine hours
= $840,000 ÷ 50,000
= $16.80
And,
Total variable manufacturing overhead for 60,000 machine hours
= Variable manufacturing overhead per machine hour × 60,000
= $16.80 × 60,000
= $1,008,000
Now the total manufacturing overhead cost should be
= 1,008,000 + 60,000
= $1,068,000
To increase the number of orders it receives from recipients of its direct-mail advertising, the maker of All-Natural Diet Products encloses a special envelope that customers can use to mail their orders without paying postage. This special envelope is an example of _____ mail.3
Answer:
C. business reply
Explanation:
In the case when we have to increase the no of orders that could be received via direct mail adverstising and the customer could use the special kind of envelope for mailling the orders so this should be an example of business reply mail as it is concerned with the business and here the orders are to be an important factor that becomes very important for the company.
Therefore the option c is correct
15. Giả sử bạn là nhân viên bán hàng tại quầy hàng bán mỹ phẩm. Một nam khách hàng vào mua quà tặng bạn gái nhân dịp 14-02. Bạn hãy nêu những nguyên tắc tư vấn và thuyết phục khách hàng mua hàng tại cửa hàng
Which of the following describes the purpose and activities of a parallel team? Multiple Choice to provide recommendations and resolve issues not specifically connected to production to perform complex tasks that take place in highly visible or challenging circumstances to produce a one-time output (product, service, plan, design, etc.) to integrate activities of subunits across business functions
Answer:
Provide recommendations and resolve issues not specifically connected to production
Explanation:
Parallel teams can be regarded as highly task-focused team ,which is been drawn on individuals ranging different functional areas as well as locations. This team are usually generally make completion to their work base on defined schedule. In most cases, parallel teams are not usually disbanded but they could be there so they can handle a subsequent set of tasks. It should be noted that One of the the purpose and activities of a parallel team is to Provide recommendations and resolve issues not specifically connected to production.
Tyrell Corporation, a manufacturer of smartphones, has entered into a 15-year partnership with a software company to develop sophisticated operating systems and innovative mobile applications for its phones. This would mean that both the companies will have to mutually share their resources, knowledge, and capabilities to develop a superior product. What is the relationship between Tyrell Corporation and the software company best referred to as in this scenario
Answer:
strategic alliance
Explanation:
Strategic alliance can be regarded as an arrangement set up between two companies so that they can undertake a mutually beneficial project , even though each of the companies still retains its independence. This type of agreement can be regarded as been less complex compare with a joint venture, it is as well less binding than a joint venture, whereby two businesses gathered together resources so s to create a separate business entity.
Sports and marketing have to compete on which angle if they want to be relevant to the 21st century market?
cheapest prices
scarcest supply
most appealing
quickest distribution
Answer:
cheapest prices
Explanation:
Marketing can be defined as the process of developing promotional techniques and sales strategies by a business firm, so as to enhance the availability of goods and services to meet the unending requirements, needs or wants of the end users or consumers through advertising and market research. Thus, it comprises all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers.
In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.
Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services. Thus, it refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered.
Hence, sports and marketing have to compete on the cheapest prices, if they want to be relevant to the 21st century market because it's the most important factor that influences the willingness of a consumer to buy a good or take a service.
Piper Inc. is a large cosmetics company that made an initial small investment in a start-up company, Oscorp, which was developing an organic face lotion. This gave Piper controlling interests in the start-up company. However, Oscorp soon began to have financial difficulties because of principal-agent problems. As a result, Piper did not invest in the next stage of development and pulled out of the company. This approach to strategic alliance is referred to as a
Answer:
a real-options perspective
Explanation:
A real-options strategy or perspective regarding investments is carried out when the investor is not sure that the results will be positive or not. For example, investing in a startup is always risky since the chances of success are not very high. The investor will keep investing only as long as the results are positive. It is like investing in tranches.
In at least 150 words, examine the elements that might lead to a worker receiving a higher salary. Be sure to provide details and examples from your lesson. Provide specific detail and in depth discussion of at least two of the element areas requiring higher pay.
Answer:
As salaries are paid to workers by virtue of the work they perform, a factor that can be decisive for a salary increase is none other than a greater or better performance of the tasks that the worker performs.
On the other hand, wages can also rise if the country's minimum wage is raised, or if there is a situation of inflation that renders workers' wages useless over time.
And also, it may happen that the company that pays the worker's salary is in an exceptional situation that implies a salary improvement as a way of rewarding the performance of its workers.
A company that uses the accrual method of accounting started the fiscal year with assets of $600,000 and liabilities of $400,000. During the fiscal year the company recorded credit sales of $250,000, of which $8,000 remained to be collected at year end, and incurred expenses of $90,000, of which $72,000 was paid in cash. A stock dividend valued at $10,000 was declared and issued to stockholders during the year. What is the year-end balance of total equity
Answer:
$360,000
Explanation:
Calculation to determine What is the year-end balance of total equity
First step
Beginning equity = Total assets - Total liabilities.
Beginning equity= $600,000 - 400,000
Beginning equity= $200,000
Second step
Net income = Revenues - Expenses
Net income= $250,000 - $90,000
Net income= $160,000
Last step
Ending balance of Equity = Beginning equity + Net income
Ending balance of Equity = $200,000 + $160,000
Ending balance of Equity = $360,000
Therefore the year-end balance of total equity is $360,000
Sarah is not a resident of Washington although her website can be accessed by residents of that state. Barbara files a suit against Sarah in a Washington state court. The court is most likely to have jurisdiction over Sarah if Barbara's claim arises from Group of answer choices minimum contacts between Sarah and any Washington resident. substantial business between Barbara and Sarah through Sarah's website. passive advertising on Sarah's website. the Internet's capacity to bypass boundaries.
Answer:
substantial business between Barbara and Sarah through Sarah's website.
Explanation:
A person cannot be brought to the court if the person belongs to some other state than the place where case has been filed against him. A court doe not have any jurisdiction over a person if the person is resident of some other state and the court is in some other state.
In the context, Barbara files a case against Sarah in Washington court. But Sarah is not a resident of Washington. Sarah has a website which can be accessed in Washington. Now the court in Washington can have jurisdiction over Sarah only if the claim of Barbara arises any substantial businesses between Barbara and Sarah through the website of Sarah's.
At a products liability trial, a critical issue is whether the temperature was below freezing on January 16. A local man who works for a civil engineering firm is also an avid amateur meteorologist. One of the man's weather detection instruments in his backyard records temperature by markings from a stylus on a round barograph. The man's record of the day in question indicates that it was unseasonably warm and that the temperature never fell lower than 48 degrees Fahrenheit, 16 degrees above the freezing mark. The plaintiff offers into evidence the man's barograph record of the temperature on January 16. Is the barograph record admissible
Answer:
The barograph record is admissible as long as it had been properly authenticated. Before an article or any secondary evidence of its content could also be received conspicuous, the writing must be authenticated by proof showing that the writing is what the proponent says it's. generally, writing could also be authenticated by any evidence that serves to determine its authenticity. One means of authentication under Federal Rule 901(b) is by evidence describing a process or system wont to produce a result and showing that the method or system produces an accurate result. Hence, for the man's barograph record to be admissible, the evidence must are offered that the instrument is accurate which it had been in good working order when the record was produced.
Y Corporation's password protection policy requires all employees to change their passwords every week. Because of this requirement, technical support spent a significant amount of time solving password problems for employees who forgot their passwords. To increase efficiency, the CEO of Y Corporation canceled the policy and subsequently required employees to change their passwords once a year
a. collusion
b. management override
c. external events beyond an organization's control
d. unsuitable objectives for internal control
e. human error
f. cost v. benefit
essica is a one-third owner in Bikes-R-Us, an S corporation that experienced a $45,000 loss this year (year 1). If her stock basis is $10,000 at the beginning of the year, how much of this loss clears the hurdle for deductibility (assume the at-risk limitation equals the tax-basis limitation)
Answer:
$10,000
Explanation:
Calculation to determine how much of this loss clears the hurdle for deductibility
Amount allocated = ($45,000 x 1/3)
Amount allocated=$15,000 of loss
Since the amount Allocated is loss of $15,000 and her STOCK BASIS is the amount of $10,000 at the beginning of the year which means that she is allowed to Deduct only the amount of $10,000 of the allocation which represent the amount of her STOCK BASIS.
Therefore how much of this loss clears the hurdle for deductibility will be $10,000
Zupiter Corp. follows a culture that requires strict adherence to rules and regulations with fixed time schedules for daily activities. The firm is highly efficient and places emphasis on being economical. It conducts its business in a methodical manner. In the given scenario, Zupiter Corp. is said to have the
Answer:
consistency corporate culture.
Explanation:
Since in the situation it is given that the corporation follows the culture that means they are strict to the rule and regulations along with the time scheduling that are fixed for day to day activities so that the business could be conducted in the methodical manner so here we can say that the culture of the corporate is consistent that means it is same as before and the same should be applied in near future
In order for two-way communication to occur, the receiver must Group of answer choices have the ability to provide feedback, whether or not they actually do so. also play the role of sender in another communication exchange. be willing to provide feedback, though the sender does not have to listen. provide feedback, and the sender must be receptive to the feedback. assume the responsibility of interpreting the message.
Answer:
provide feedback, and the sender must be receptive to the feedback.
Explanation:
Two-way communication arise at the time when the receiver send the feeback to the message of the sender. In the two-way communciation process, first the sender transfer the receiver message after receiving or getting the message the receiver decoding the message and after this it sends back his or her feedback to the sender
So as per the given situation, the above statement represent an answer
You have a full-time job and are also doing a part-time evening course. You now find that you cannot continue the course. Write a letter to the course tutor. In your letter • describe the situation • explain why you cannot continue at this time • say what action you would like to take
Answer:
To,
The Learning provider,
London City.
Dear Sir,
I am student of project management course. I have successfully completed level 1 and now currently pursuing level 2 at your institute. I want to inform you that I have got a full type Permanent job at a multinational organization. I will not be able to take this course in morning now due to job commitments. I wish to take my remaining course on evening or weekends. If there is not availability on weekends then i will not be able to continue my course at this time and will wish to freeze the course studies for now.
Hope to hear from you soon.
Regards,
Jason Mak.
Machvile Corporation, a robotics company, decides to acquire Chancera Inc., a start-up company that operates within the same industry. To better assess its decision, the management of Machvile Corporation needs to find out the value of Chancera Inc.'s total assets. The management has information regarding Chancera Inc.'s liabilities and stockholders' equity. In this scenario, the management should most likely use the _____ to get the required information.
Answer: Accounting equation
Explanation:
The accounting equation is a proposition or formula that accesses a company's assets by summing up it's equity and liabilities. It means that the equity of a company would equal it's assets minus liabilities.
Machvile Corporation can access properly the worth of Chancera Inc.'s by using the Accounting equation, weighing their assets and leaving out their liabilities.
Which of the following is a disadvantage of the balanced-scorecard approach? Question 8 options: It fails to link the strategic vision to responsible parties within the organization. It fails to translate the vision into measureable operational goals. It provides limited guidance for designing and planning business processes. It provides limited guidance about which metrics to choose.
Answer:
It provides limited guidance about which metrics to choose.
Explanation:
A balance scorecard can be defined as a performance metrics used for measuring and assessing the quality of performance of a company.
In Business management, the four (4) performance metrics of a balance scorecard includes the following; customer, learning and growth, internal business processes, and financial.
Thus, it should be used to determine whether or not the operations of a business is in synchronization with its vision statement and values.
However, a disadvantage of the balanced-scorecard approach is that it provides limited guidance about which performance metrics to choose.
In reality, different situations or issues that are experienced by a business firm require the use of different metrics and techniques to solve them. As a result, a balance scorecard can't give a direct solution to a problem and as such it's highly dependent on the effectiveness and ability of a manager.
When there are economies of scale, (1pts) Question 12 - When there are economies of scale, Select d) output does not affect per-unit costs as your answer d) output does not affect per-unit costs Select a) per-unit costs increase as output increases as your answer a) per-unit costs increase as output increases Select b) per-unit costs decrease as output increases as your answer b) per-unit costs decrease as output increases Select c) per-unit costs are constant as output increases as your answer c) per-unit costs are constant as output increases
Answer:
per-unit costs decrease as output increases
Explanation:
In simple words, Economies of scale can be understood s the cost benefits that businesses receive as a result of their size of operation. As the expense per unit of production decreases because scale increases. Because expenses are dispersed among a greater quantity of items this occurs.
Thus, from the above we can conclude that the correct option is B.
Al hires Bob to move his furniture to his new house. On the day of the move, Bob does not feel like moving furniture, so he asks his friend Chuck to move the furniture. Chuck decides to leave before completing the move in order to watch a football game on TV. Al has to delay his move and hire another mover at a higher price. Al wants to sue Bob to recover for his damages. Given these facts, Al will most likely:
Answer: Win, because Bob is still liable to Al.
Explanation:
Accepting to do a job must come with commitment on the side of the servicer. It is unjust to accept a job without making much effort or input to see it carried out. Some businesses do this especially when a bigger offer comes their way and these puts a bad name to their organization as the failed client will have no good thing to say about them, when the cases goes like this, the client who was failed raises the issue to court and would win since he has already engaged the services, this is the tail between Bob and Al.
Classify the following exchanges as "Qualifying" or "Not Qualifying" as a like-kind exchange under § 1031. Qualifies / Not Qualifying a. Improved for unimproved real estate b. Rental house for personal residence c. Business land for rental house (held for investment) d. Warehouse for office building (both used for business) e. Truck for computer (both used in business) f. Rental house for land (both held for investment) g. Office furniture for office equipment (both used in business) h. Unimproved land in Jackson, Mississippi, for unimproved land in Toledo, Spain i. General partnership interest for a general partnership interest
Answer:
a. Improved for unimproved real estate
Classification: Qualifying
b. Rental house for personal residence
Classification: Not Qualifying
c. Business land for rental house (held for investment)
Classification: Qualifying
d. Warehouse for office building (both used for business)
Classification: Qualifying
e. Truck for computer (both used in business)
Classification: Not Qualifying
f. Rental house for land (both held for investment)
Classification: Qualifying
g. Office furniture for office equipment (both used in business)
Classification: Not Qualifying
h. Unimproved land in Jackson, Mississippi, for unimproved land in Toledo, Spain
Classification: Not Qualifying
i. General partnership interest for a general partnership interest
Classification: Not Qualifying
In contrast to the post-World War II period, before 1940 the government rarely intervened in the economy to influence inflation or unemployment rates. used government ownership to guarantee full employment. used aggregate demand management to avoid recessions. actively intervened in the economy for stabilization purposes.
Answer: the government rarely intervened in the economy to influence inflation or unemployment rates.
Explanation:
Up until the Great Depression of 1929 to 1932, the government followed a laissez-faire policy where they rarely intervened in the market to influence inflation or unemployment rate.
After the Great Depression and then the second world war, this changed and the Federal government became very active in the economy through fiscal policy and massive government spending enabled the U.S. to surge ahead of other nations in terms of development.
What is the percent change in price when the price drops from $6 to $5? What is the percent change in price when the price drops from $6 to $5? Assume your answer is a percent and answer a numeric value only.
Answer:
16.7%
Explanation:
100/6 = 16.666666667% = 1/6
6-5 = 1
1/6 of the price is taken away so 1/6 is the percent it dropped.
Assuming number 6, then answer in numerical value in 16.7%.
What is the price?
Pricing is a very important factor in determining how well-liked a product is in the market.
100/6 = 16.666666667%
= 1/6
6-5 = 1
The price reduced by 1/6, or 1/6 of the original amount.
As a result, 16.7% is accurate.
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