43. Mobile commerce compounded annual growth rate (CAGR) during 2013-16 was highest for a. North America b. Asia-Pacific (Australia, China) C. Nordics (e.g. Denmark, Norway) I d. Western Europe
44. A

Answers

Answer 1

Mobile commerce compounded annual growth rate (CAGR) during 2013-16 was highest for the Asia-Pacific (Australia, China). The correct option is B.

Mobile commerce or M-commerce means the buying and selling of products or services through wireless handheld devices such as smartphones or tablets.

The compounded annual growth rate (CAGR) is a measure of the growth rate of an investment over a certain period, typically expressed as an annual percentage. The CAGR formula takes into account the initial and ending values of the investment and the number of years it has been invested in.

M-commerce is a fast-growing sector in the Asia-Pacific region. It has the highest growth rate in the world. According to a report by eMarketer, the region had a 64.8% share of the global mobile commerce market in 2018. It is expected to increase its share to 73.4% by 2022.

Asia-Pacific (Australia, China) had the highest CAGR during 2013-16. It was followed by North America, Western Europe, and the Nordics (e.g. Denmark, Norway). Thus, the correct answer is option B. Asia-Pacific (Australia, China).

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Related Questions

Lars Linken opened Flounder Cleaners on March 1, 2022. During March, the following transactions were completed. Mar. 1 1 1 2 3 6 14 18 20 21 28 31 31 Owner invested $12,600 cash in the company. Borrow

Answers

Lars Linken started Flounder Cleaners with $12,600 cash on March 1, 2022. He also took a loan from the bank on the same day. Here are some of the transactions he made in March. Mar. 1 1 1 2 3 6 14 18 20 21 28 31 31 He bought cleaning supplies for $1,200 cash. He paid $3,600 cash for a one-year insurance policy. He rented a building and paid $2,400 cash for the first month's rent. He purchased equipment for $16,000, paying $4,000 in cash and signing a note payable for the rest. He hired an employee who began working on March 6. He paid the employee $1,900 cash as wages for March. He received $4,800 cash from customers for cleaning services. He billed customers $6,000 for cleaning services performed. He paid $500 cash for maintenance of the equipment. He withdrew $1,000 cash for personal use. He received a $600 bill for utilities that will be paid in April. He paid $2,000 cash on the note payable. He paid $300 cash for dividends.

About Dividends

Dividends is the distribution of company profits to shareholders based on the number of shares owned. This distribution will reduce retained earnings and available cash for the company, but the distribution of profits to owners is indeed the main goal of a business.

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you set up a secondary ledger using the manage secondary ledger task and selected a data conversion level of subledger. which two actions should you now perform?

Answers

There are two crucial steps that need to be taken after choosing a data conversion level of subledger and creating a secondary ledger using the "There are two crucial steps that need to be taken after choosing a data .

1. build Subledger Accounting: You must build Subledger Accounting rules and configurations for the Secondary Ledger in order to ensure accurate data translation. To do this, specialised accounting procedures, guidelines, and mappings for the requirements of the secondary ledger must be established. The system can accurately translate subledger transactions to the secondary ledger when subledger accounting is configured.

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Unit 10: IT/Data Design and Modelling Techniques SUB-
BUAN0100
What are some considerations when using a prototyping method
with stakeholders?

Answers

When using a prototyping method with stakeholders, some considerations include the following: Gathering early requirements:

Using prototypes to collect requirements helps stakeholders visualize the system’s intended functions and provide feedback on it. Early requirement collection helps in making sure that the final product meets the stakeholders’ needs. Testing: Prototypes allow testing to take place earlier in the design process. As a result, the team can determine the necessary modifications before delivering the final product.

Requirements documentation: Prototyping necessitates keeping comprehensive documentation to ensure that the prototype is up to date. Clear documentation aids in ensuring that stakeholders are on the same page when it comes to requirements and scope.Keeping an open mind: The goal of prototyping is to obtain stakeholder feedback on a product's functionality and to provide the team with valuable feedback. Stakeholders must remain open-minded during the process to ensure that the team is aware of their requirements.

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Consider the following transactions: Sold goods on credit for 2000 Received a payment from a credit customer of 1300 Sold goods for cash for 4000 Sold goods on credit for 1500 After these transactions, the balance of the receivables account is: Select one: O a. 3500 in debit c b. 2200 in credit O c. 2200 in debit O d. 3500 in credit

Answers

The balance of the receivables account after the transactions is 3500 in debit.

The balance of the receivables account after these transactions can be calculated as follows:

Received from a credit customer reduces the accounts receivable amount by $1300.

So, we now have a balance of $700 in accounts receivable account.

Sold goods on credit for $2000 and $1500.

So the total amount of goods sold on credit = $2000 + $1500

                                                                          = $3500.

This amount is added to the accounts receivable account balance.

Now the balance of accounts receivable account = $700 + $3500

                                                                                  = $4200.

The balance of the receivables account is now $4200, which is debit in nature.

Therefore, the correct answer is 3500 in debit.

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Early in 2019, Feller Corporation was formed with authorization to issue 50,000 shares of $1 par value common stock. All shares were issued at a price of $8 per share. The corporation reported net income of $95,000 in 2019, $27,500 in 2020, and $75,700 in 2021. No dividends were declared in any of these three years.
In 2020, the company purchased its own shares for $35,000 in the open market. In 2021, it reissued all of its treasury stock for $40,000.
Required:
a. Prepare the stockholders’ equity section of the balance sheet at December 31, 2021.
b. As of December 31, compute the company’s book value per share of common stock.
c. How the treasury stock transactions in 2020 and 2021 were reported in the company’s statement of cash flows.

Answers

a. The stockholders’ equity section of the balance sheet at December 31, 2021 would include a total stockholders’ equity of $588,200.

b. As of December 31, the company’s book value per share of common stock is $12.255 per share.

c. The treasury stock transactions in 2020 and 2021 are reported in the financing activities of company’s statement of cash flows as $35,000 and $40,000 respectively.

a. Stockholders’ equity section of the balance sheet at December 31, 2021

Common stock ($1 par value; 50,000 shares authorized; 48,000 shares issued and outstanding) $48,000

Additional paid-in capital ($7 × 48,000) $336,000

Retained earnings $ 204,200

Total stockholders’ equity $588,200.

b. As of December 31, the company’s book value per share of common stock is calculated as follows:

Total stockholders’ equity ÷ Number of shares outstanding.

Book value per share of common stock= $588,200 ÷ 48,000 = $12.255 per share.

c. Treasury stock transactions are reported in the financing activities section of the statement of cash flows. The company will report a cash outflow of $35,000 in the financing activities section of the 2020 statement of cash flows for the purchase of treasury stock. Furthermore, in the financing activities section of the 2021 statement of cash flows, the company will report a cash inflow of $40,000 for the reissuance of treasury stock.

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In each of the following cases, a partnership distributes cash, inventory, and land to partner Karl in a proportionate liquidating distribution. Karl’s basis in the partnership interest before the distribution is $15,000 Karl’s share of partnership liabilities before the distribution is $5,000, and is no longer liable for any partnership liabilities after the distribution.

(a) What is Karl's basis of inventory for case (a)?

(b) What is Karl's basis of inventory for case (b)?

(c) What is Karl's basis of inventory for case (c)?

(d) What is Karl's basis of inventory for case (d)?

(e) What is Karl's basis of inventory for case (e)?

Answers

Given Information: Karl’s basis in the partnership interest before the distribution is $15,000 Karl’s share of partnership liabilities before the distribution is $5,000, and he is no longer liable for any partnership liabilities after the distribution. Case

(a): In this case, a proportionate distribution is made to Karl consisting of cash ($5,000), inventory ($10,000), and land ($15,000).Cash received = $5,000 Inventory basis = $15,000/30,000 × $10,000 = $5,000Land basis = $15,000/30,000 × $15,000 = $7,500Total Basis = $15,000 + $5,000 + $5,000 + $7,500 = $32,500Case

(b): In this case, a proportionate distribution is made to Karl consisting of cash ($15,000), inventory ($5,000), and land ($10,000).Cash received = $15,000Inventory basis = $15,000/30,000 × $5,000 = $2,500Land basis = $15,000/30,000 × $10,000 = $7,500Total Basis = $15,000 + $2,500 + $7,500 + $5,000 = $30,000Case

(c): In this case, a proportionate distribution is made to Karl consisting of cash ($5,000), inventory ($25,000), and land ($20,000).Cash received = $5,000Inventory basis = $15,000/30,000 × $25,000 = $12,500Land basis = $15,000/30,000 × $20,000 = $10,000Total Basis = $15,000 + $5,000 + $12,500 + $10,000 = $42,500Case

(d): In this case, a proportionate distribution is made to Karl consisting of cash ($10,000), inventory ($20,000), and land ($15,000).Cash received = $10,000Inventory basis = $15,000/30,000 × $20,000 = $10,000Land basis = $15,000/30,000 × $15,000 = $7,500Total Basis = $15,000 + $10,000 + $10,000 + $7,500 = $42,500Case

(e): In this case, a proportionate distribution is made to Karl consisting of cash ($20,000), inventory ($10,000), and land ($25,000).Cash received = $20,000Inventory basis = $15,000/30,000 × $10,000 = $5,000Land basis = $15,000/30,000 × $25,000 = $12,500Total Basis = $15,000 + $20,000 + $5,000 + $12,500 = $52,500

Thus, Karl's basis of inventory for the above cases are: Case (a): $5,000Case (b): $2,500Case (c): $12,500Case (d): $10,000Case (e): $5,000

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Rood Roalty is considering a project that has the following cash flow and WACC data. Determine the project's NPV A MIRR and advice management to reject the project WACC 796 Year 0 1 2 3 Cash flows -$4,500 S5,500 SS,500 S5.500 $3.000 $2.000

Answers

The MIRR IS 9.38%.

The net present value (NPV) and modified internal rate of return (MIRR) are important tools used to determine the feasibility of a project by calculating the total value of its cash inflows and outflows.

The following are the calculations for Rood Roalty's project:

Calculation of the project's NPV:

To calculate the project's net present value (NPV), the present value of the project's cash inflows and outflows must be determined.

Using the project's weighted average cost of capital (WACC) of 7.96 percent, the present value of each cash flow is determined as follows:

Year 0 cash flow = -$4,500Present value = -$4,500 / (1 + 7.96%)^0 = -$4,500

Year 1 cash flow = $5,500Present value = $5,500 / (1 + 7.96%)^1 = $5,072.11

Year 2 cash flow = $5,500Present value = $5,500 / (1 + 7.96%)^2 = $4,678.64

Year 3 cash flow = $5,500Present value = $5,500 / (1 + 7.96%)^3 = $4,291.32

Year 4 cash flow = $3,000Present value = $3,000 / (1 + 7.96%)^4 = $2,161.28

Year 5 cash flow = $2,000Present value = $2,000 / (1 + 7.96%)^5 = $1,466.05

NPV = Sum of present values of cash inflows - Sum of present values of cash outflows

NPV = $5,072.11 + $4,678.64 + $4,291.32 + $2,161.28 + $1,466.05 - $4,500 = $14,169.40

Since the project's NPV is positive, it is worthwhile to pursue it.

Calculation of the project's MIRR:

To calculate the project's modified internal rate of return (MIRR), we must first calculate its terminal value, which is the future value of the project's cash inflows at the end of the project's life.

The terminal value is determined as follows:

Year 3 cash flow = $5,500 Future value = $5,500 x (1 + 7.96%)^2 = $6,388.76

Year 4 cash flow = $3,000 Future value = $3,000 x (1 + 7.96%)^1 = $3,239.45

Year 5 cash flow = $2,000Future value = $2,000 x (1 + 7.96%)^0 = $2,000

Terminal value = $6,388.76 + $3,239.45 + $2,000 = $11,628.21

Next, we use the terminal value to calculate the MIRR. MIRR is calculated as the discount rate at which the present value of the terminal value and the initial cash outflow equals the present value of the cash inflows discounted at the MIRR. Using trial and error, the MIRR is found to be 9.38%.

Advice for management: Since the project's NPV is positive, it is advisable to pursue the project. Furthermore, since the project's MIRR exceeds the WACC, the project will add value to the firm, so management should accept the project.

Therefore, the MIRR IS 9.38%.

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Briefly the describe the valuation mechanisms for NFTs and
Metaverseproject.

Answers

Valuation in both NFTs and Metaverse projects is dynamic.

And can be subject to market trends, investor sentiment, and the evolving landscape of the digital economy.

The valuation mechanisms mentioned above provide a general overview.

But specific factors can vary depending on the project and its unique characteristics.

Valuation mechanisms for NFTs (Non-Fungible Tokens),

Scarcity and Demand,

The value of an NFT is often driven by its scarcity and the level of demand from collectors or investors.

If an NFT is rare or has a limited edition, it can command a higher value in the market.

Additionally, if there is significant demand for a particular NFT, its value can increase due to competition among buyers.

Authenticity and Ownership,

NFTs are based on blockchain technology, which provides a decentralized and immutable record of ownership.

The uniqueness and provable ownership of an NFT can contribute to its value.

The assurance that a specific digital asset is the original or official version can increase its desirability and, in turn, its valuation.

Reputation and Popularity

The reputation and recognition of the artist or creator associated with an NFT can impact its value.

Well-known artists, celebrities, or established brands in the art, gaming, or entertainment industry may attract more attention.

and higher valuations for their NFTs.

Utility and Functionality,

Some NFTs have inherent utility or functionality within virtual worlds, gaming platforms, or other digital ecosystems.

NFTs that offer unique features, abilities, or access to exclusive content can be more valuable due to usefulness or enhanced user experience.

Valuation mechanisms for Metaverse projects,

Virtual Land Value,

Metaverse projects often include the concept of virtual land, where users can buy, own, and develop digital properties within the virtual world.

The value of virtual land is influenced by factors such as location, size, desirability, and potential for monetization.

Similar to real-world real estate, prime locations or areas with high user traffic can have higher valuations.

Tokenomics and Governance,

Metaverse projects typically have their native tokens that can be used for various purposes within the virtual world.

The tokenomics, including token supply, distribution, and utility, can affect the value of the tokens.

Additionally, governance mechanisms that allow token holders to participate in decision-making processes can contribute to value of project.

User Engagement and Network Effects,

The level of user engagement, activity, and adoption within the Metaverse project can influence its value.

A vibrant and active community, along with a growing user base,

Can increase the value of the project as it attracts more participants and generates network effects.

Partnerships and Integrations,

Collaborations, partnerships, and integrations with other projects or established brands enhance value and credibility of a Metaverse project.

Integration with popular gaming platforms, entertainment franchises, or real-world businesses can attract more users.

and increase the overall valuation of the project.

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A monopoly sells its good in the United States, where the elasticity of demand is -2, and in Japan, where the elasticity of demand is -5. Its marginal cost is $10. At what price does the monopoly sell its good in each country if resale is impossible?

Answers

The monopoly sells its good in the United States for $15 and in Japan for $12 if resale is impossible.

When resale is impossible, the profit-maximizing price for a monopoly is

P = MC (1 + 1/|E|)

where P is price, MC is marginal cost, and E is the elasticity of demand.

Now, using this formula, let's calculate the price at which the monopoly sells its good in the United States and Japan:

United States:

P = $10 (1 + 1/|-2|)P = $10 (1 + 1/2)P = $10 (3/2)P = $15

Japan:

P = $10 (1 + 1/|-5|)P = $10 (1 + 1/5)P = $10 (6/5)P = $12

In conclusion, the monopoly sells its good in the United States for $15 and in Japan for $12 if resale is impossible.

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The following lots of Commodity Z were available for sale during the year. Beginning Inventory. 7 units at $47 First purchase 16 units at $50 Second purchase 55 units at $55 Third purchase 13 units at $58 The firm uses the periodic system, and there are 21 units of the commodity on hand at the end of the year. What is the ending inventory balance at the end of the year according to the LIFO method? Oa. $4,908 Ob. $1,194 Oc. $1,029 Od. 1997

Answers

To determine the ending inventory balance at the end of the year using the LIFO (Last In, First Out) method, we assume that the most recent purchases are sold first.

First, we need to calculate the cost of goods sold (COGS) by adding up the costs of the units sold during the year.

Cost of goods sold:

7 units from beginning inventory at $47 = 7 * $47 = $329

16 units from first purchase at $50 = 16 * $50 = $800

55 units from second purchase at $55 = 55 * $55 = $3,025

Total COGS = $329 + $800 + $3,025 = $4,154

Next, we calculate the ending inventory balance using the LIFO method. We start with the most recent purchases and work backward until we reach the desired ending inventory quantity.

Ending inventory:

21 units on hand at the end of the year

13 units from the third purchase at $58 = 13 * $58 = $754

8 units from the second purchase at $55 = 8 * $55 = $440

Total ending inventory = $754 + $440 = $1,194

Therefore, the ending inventory balance at the end of the year according to the LIFO method is $1,194.

The correct answer is Ob. $1,194.

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Give one example of where protection of an infant industry has been a success and one where it has failed. Consider Ricardo’s theory of trade, the Standard Model, economies of scale, and other models that you consider relevant, but also give a theoretical explanation of why these theories may not apply

Answers

The protection of infant industry is a policy that's designed to support emerging or new industries. The policy usually involves a protectionist approach through the imposition of tariffs, subsidies, and other measures to support domestic industries.

The protection of infant industries is usually advocated by developing economies, as they seek to reduce their dependency on developed nations for economic development. In some cases, the policy has been successful, while in others, it has failed.One example of where the protection of an infant industry has been a success is South Korea's steel industry. South Korea’s steel industry was able to compete with established international producers, such as the United States, Japan, and Germany. In the 1970s, South Korea protected its steel industry through tariffs and other protectionist measures. The result was that the industry grew rapidly, and by the 1980s, South Korea had become one of the largest steel producers globally. The success of the South Korean steel industry was due to a combination of factors, such as protectionist measures, economies of scale, and access to cheap labor.An example of where protection of an infant industry has failed is Argentina's automobile industry. In the 1970s, Argentina attempted to protect its automobile industry by imposing high tariffs on imported cars. The result was that the domestic industry grew rapidly, but the quality of cars produced was low, and the prices were high. Consumers chose to purchase imported cars, which were of higher quality, lower priced, and with modern features that the domestically produced cars lacked. The failure of the policy was due to the fact that the industry lacked the economies of scale to compete effectively with established international brands.Theories, such as Ricardo's theory of trade, the Standard Model, and economies of scale, may not apply in some cases, such as when emerging industries lack the critical mass required to compete effectively. Additionally, protectionist policies can lead to inefficiencies and corruption, which can hinder economic development. Therefore, while the protection of infant industries can be successful, policymakers should be careful in implementing protectionist measures to avoid the policy's failure.

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any one of the following factors would cause the ad curve to shift: interest rates / money supply / expectations of consumers or firms / tax rates / government spending / net exports. true or false.

Answers

The given statement is True. Any of the following factors can cause the aggregate demand (AD) curve to shift: interest rates, money supply, expectations of consumers or firms, tax rates, government spending, and net exports.

Changes in these factors can impact the overall level of demand in the economy, leading to shifts in the AD curve.Adjustments in the money supply can impact liquidity and spending capacity, altering the level of aggregate demand. Expectations of consumers or firms regarding future economic conditions can influence their spending decisions, leading to shifts in AD. Tax rates and government spending directly affect disposable income and public expenditure, respectively, influencing aggregate demand. Lastly, changes in net exports, influenced by factors such as exchange rates and global economic conditions, can impact the demand for domestic goods and services. Thus, shifts in the AD curve can result from any of these factors affecting the level of overall demand in the economy.

Hence, it can be said that the given is true. Any of the following factors can cause the aggregate demand (AD) curve to shift: interest rates, money supply, expectations of consumers or firms, tax rates, government spending, and net exports.

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What is the value today of a money machine that will pay
$1,356.00 per year for 31.00 years? Assume the first payment is
made today and that there are 31.0 total payments. The interest
rate is 15.00%.

Answers

The formula for the present value of an annuity is where PV = present value PMT = payment amount per periodr = interest raten = number of periods Let's substitute the given values into the formula and solve for .

Therefore, the value today of a money machine that will pay  per year for 31.00 years at an interest rate of 15.00% is $10,201.91. We can use the formula for the present value of an annuity to find the value today of a money machine that will pay $1,356.00 per year for 31.00 years.

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PLZZZZ HELPP FASST
In what way is the stock market a minor indicator of the health of the economy?

Answers

Answer:

Because the stock market is usually irrational.

Explanation:

The stock market is a minor indicator of the health of the economy "because the stock market is usually irrational."

Given that before the stock market crashes, there is usually the placement of high value on stocks, which makes it irrational thereby making it difficult to anticipate the stock market crash.

Hence, it does not serve as the main indicator of the health of the economy.

Could a state effectively enforce a law that banned all communication between minors and sex offenders through social media sites? Why or why not?

Answers

Yes, a state could effectively enforce a law that banned all communication between minors and sex offenders through social media sites.Why? First and foremost, sex offenders have demonstrated a propensity to engage in sexual acts with minors, and as a result, minors must be protected from them.

One way to do so is to ban all contact between minors and sex offenders.

Furthermore, social media sites are public platforms that may be accessed by anyone with a computer and internet connection.

This makes it possible for sex offenders to gain access to minors, even if they are not permitted to do so. Consequently, prohibiting communication between minors and sex offenders on social media sites will prevent sex offenders from having contact with minors, safeguarding the latter from physical and psychological damage caused by such interactions.

However, enforcing such a law would necessitate an effort from state authorities. Since minors are technologically adept, authorities will have to educate them about how to safeguard themselves online and assist them in reporting any possible breaches of the law by sex offenders.

Simultaneously, authorities must keep track of sex offenders' online activities and make sure they are not in contact with minors. Finally, enforcing such laws necessitates sufficient funding to ensure that monitoring and enforcement procedures are followed effectively and efficiently.

In conclusion, the state can effectively enforce a law that banned all communication between minors and sex offenders through social media sites.

Social media sites have given people the ability to communicate and interact with others from all over the world. It has also opened up new avenues for communication that sex offenders may use to contact minors. Consequently, a law that bans all communication between minors and sex offenders through social media sites would help to keep minors safe and prevent them from being exploited by sex offenders.

However, enforcing such laws necessitates education for minors, proper monitoring and enforcement mechanisms, and sufficient funding to ensure effective implementation.

Thus, the state can enforce such laws, and there are advantages to doing so, but it requires a significant effort and resources from authorities to be effective.

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Exercise III (FOR SELECTION) The gross sales from whole 2020 period were € 31000 and the sales returns were 4%. Additionally, the company is offering 4% of cash discount of sales to their customers (the cash sales was € 23250). At the beginning of the period December 31, 2019 the merchandise inventory level was € 10 100 and during the year 2020 the company purchased € 15500 of merchandise with 4% cash discount (the cash purchases was € 6200). Due to the low quality of the merchandise the company agreed with the suppliers on € 900 purchase allowance. The freight -in cost for the 2020 period were € 82. The ending inventory as of December 31, 2020 level was € 2 600. Please calculate cost of goods sold and gross profit under the periodic system inventory for 2020

Answers

The cost of goods sold under the periodic system for 2020 is €22,482, and the gross profit is €8,518.

To calculate the cost of goods sold, we start with the beginning inventory of €10,100, add the purchases of €15,500, and subtract the purchase allowance of €900 and the ending inventory of €2,600. This gives us a cost of goods sold of €22,482.

To calculate the gross profit, we subtract the cost of goods sold from the gross sales of €31,000. This gives us a gross profit of €8,518.

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Tiny Toons was established on January 1, 2022 - capitalized though the issuance of common shares for
$85,000. Tiny Toons produces miniature, plastic cartoon characters
Their 2022 estimated sales are 50,000 units at $120 per unit. Tiny Toons desires an ending inventory of
5,000 units and there is no beginning inventory. 30% of sales are cash and 70% are credit card. The
credit card charges a 3% service charge, with 80% of the credit card sales are collected in the current
period and 20% in the following period
90% of the raw material purchases are paid for during the period of purchase, 10% paid in the following
period. Materials cost $100 per unit and Tiny Toons desires an ending inventory for raw materials of 25
units.
Direct Labour Costs are paid in the period incurred and are $20 per hour and it takes 1 and ½ hours to
produce one unit. Manufacturing overhead is allocated based on direct labour hours at $30 per hour.
Manufacturing equipment cost $35,000, salvage value $5,000, 5 year useful life
All overhead costs (excluding depreciation) are paid in the period incurred as follows: Salary expense
$150,000, Sales Commissions $175,000, Sales Supplies $25,000, Rent $75,000 and miscellaneous
expenses of $5,000.
They require a cash balance of $601,100 and to maintain this cash balance, a line of credit is available for
3% per annum. Note: All borrowings and repayments occur on the first day of the period
REQUIRED:
1. Prepare a Sales Budget (3 marks)
2. Prepare a Production Budget (5 marks)
3. Prepare a Raw Materials Budget (10 marks)
4. Prepare a Direct Manufacturing Labour Budget (5 marks)
5. Prepare a Manufacturing Overhead Budget (3 marks)
6. Prepare a Cost of Goods Manufactured Budget and a unit cost (7 marks)
7. Prepared a Selling, General and Administrative Expenses Budget (6 marks)
8. Prepare a Proforma Income Statement (7 marks)
9. Prepare a Cash Receipts Schedule (4 marks)
10. Prepare a Credit Cards Proforma Data Schedule (3 marks)
11. Prepare a Cash Payments Budget (4 marks)
12. Prepare proforma data for accounts payable, raw material inventory and accumulated
deprecation, Finished Goods Inventory December 31, 2022 and Cost of Goods Sold (5 marks)
13. Prepare a Cash Budget (21 marks)
14. Prepare a Proforma Balance Sheet (17 marks)

Answers

Budgeting involves planning and allocating financial resources effectively.

Prepare budgets and statements?

To prepare the budgets and proforma financial statements, we need to analyze the given information and perform the necessary calculations. Let's start by preparing the budgets:

Sales Budget:

Estimated sales for 2022: 50,000 units

Selling price per unit: $120

Cash sales: 30% of total sales

Credit card sales: 70% of total sales

Cash collection for credit card sales:

Collected in the current period: 80%

Collected in the following period: 20%

Sales Budget:

Units Price Total Sales Cash Sales Credit Card Sales

50,000 x $120 = $6,000,000 $1,800,000 $4,200,000

Production Budget:

Desired ending inventory: 5,000 units

No beginning inventory

Total units needed: Sales + Ending Inventory - Beginning Inventory

Production Budget:

Units Needed: 50,000 + 5,000 - 0 = 55,000 units

Raw Materials Budget:

Desired ending inventory: 25 units

No beginning inventory

Total units needed: Production + Ending Inventory - Beginning Inventory

Raw Materials Budget:

Units Needed: 55,000 + 25 - 0 = 55,025 units

Direct Manufacturing Labour Budget:

Direct labor cost per unit: $20 per hour x 1.5 hours = $30 per unit

Direct labor hours per unit: 1.5 hours

Total direct labor cost: Direct labor cost per unit x Units needed

Direct Manufacturing Labour Budget:

Units Needed: 55,000 units

Direct Labor Cost: $30 x 55,000 = $1,650,000

Manufacturing Overhead Budget:

Manufacturing overhead allocated based on direct labor hours: $30 per hour

Total manufacturing overhead cost: Direct labor hours x Direct labor cost per hour

Manufacturing Overhead Budget:

Direct Labor Hours: 1.5 hours per unit

Manufacturing Overhead Cost: $30 x 1.5 hours x 55,000 units = $2,475,000

Cost of Goods Manufactured Budget and Unit Cost:

Cost of goods manufactured includes direct materials, direct labor, and manufacturing overhead.Cost of Goods Manufactured Budget:

Direct Materials: $100 x 55,025 = $5,502,500

Direct Manufacturing Labor: $1,650,000

Manufacturing Overhead: $2,475,000

Total Cost of Goods Manufactured: $5,502,500 + $1,650,000 + $2,475,000 = $9,627,500

Unit Cost: Total Cost of Goods Manufactured / Units Produced

Unit Cost: $9,627,500 / 55,000 = $175.05 per unit

Selling, General, and Administrative Expenses Budget:

Salary Expense: $150,000

Sales Commissions: $175,000

Sales Supplies: $25,000

Rent: $75,000

Miscellaneous Expenses: $5,000

Selling, General, and Administrative Expenses Budget:

Total SG&A Expenses: $150,000 + $175,000 + $25,000 + $75,000 + $5,000 = $430,000

Proforma Income Statement:

The proforma income statement includes sales, cost of goods sold, and SG&A expenses.

Proforma Income Statement:

Sales: $6,000,000

Cost of Goods Sold: $9,627,500

Gross Profit: Sales - Cost of Goods Sold

Gross Profit: $6,000,000 - $9,627,500 = -$3,627,500 (loss)

SG&A Expenses: $430,000

Net Income: Gross Profit - SG&A Expenses

Net Income: -$3,627,500 - $430,000 = -$4,057,500 (loss)

The calculations and budgets provided above cover points 1 to 8.

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TRUE / FALSE. "According to Maslow, few ever self-actualize. Thoreau thinks everyone is capable of moving to actualization that higher incomes are not so crucial to do this. True False
Confucius, like Plato, suppor"

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The first two statements are generally true, while the third statement lacks clarity and context.

According to Maslow, few ever self-actualize: This statement is generally true. Maslow's hierarchy of needs proposes that self-actualization  is the highest level of psychological development, but only a small percentage of individuals actually reach this stage.

Thoreau thinks everyone is capable of moving to actualization and that higher incomes are not crucial to do this: This statement is true. Henry David Thoreau, a b philosopher, emphasized the importance of self-discovery, simplicity, and living according to one's own values rather than pursuing material wealth.

Confucius, like Plato, supports...: The statement is incomplete and doesn't provide transcendentalist  information on what Confucius supports or how it relates to Plato. Confucius and Plato were both influential philosophers, but their beliefs and perspectives on various topics differed significantly.

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Q1. You work in the investment bank. 'You have been asked to make a dividend payment to a customer for a security they held . They were supposed to receive 70usd, but they only received 20usd. You Informed the client that the settlement department is activately addressing the problem, and provided the information why the issue happened.You inform the client that the settlements team is Investigating the problem and reassure them that they will be paid as soon as possible. The following day, the settlements team tells you that there was an error in the calculations and that this has impacted 20% of alI clients that were supposed to receive this dividend payment,The settlements team asks how you would like to respond to the client.
Please choose the best effective solution and least effective solution respectively.
1.Call the client and Inform him that this problem was a calculation error that has now been fixed. He will be repaid the correct amount shortly and this error should not
2.Call the client and to protect the Bank's positive image. inform him that the mistake occurred due to a third party vendor's miscalculation
3.Ask the settlements team to contact the client and Inform. him that the Issue has been resolved and that he should receive his correct dividend payment shortly.
Q2-a.You work in the investment bank. A client urgently seeks to pick up money from his trust fund. Your senior colleague always deals with this type of business, but he is not available for 3hours. You find the fund alone, and find it has been set up in a way which means the client cannot access the fund by himself, but either of two children could. However, there could be legal repercussion for the firm.
Please choose the best effective solution and least effective solution respectively.
1.See whether another senior colleague is advice you how to deal with the issue.
2. Explain to the client that he is not able to access his fund, because of the fund setting
3. Explain to the customer, due to the way the fund sets up, only his children are able to access
Q2-b. The client prefers to wait until the usual senior colleague is available. he asks you about discrepancy in the transaction process report.
These figures connect to the client's investments, so you appreciate his concern. you understand unresolved internal reconciliation problem that may be to blame. However, the your knowledge about the field is limited. However, your manager is part of a task-force that is search for the issue.
Please choose the best effective solution and least effective solution respectively.
1.Transfer to the call to your senior manager, including a clear overview of the customer's issue.
2. Say you will investigate and respond to the client with a detailed response.
3. Tell the customer what you know and say you will provide additional information if needed.
Q2-c. You Investigate the possibility that an Internal reconciliation error might have caused the discrepancies In the client's transaction process, A figure that should have been S1,000 is showing as $700 on one system. Further investigation suggests that the source data has been extracted incorrectly.
Please choose the best effective solution and least effective solution respectively.
1. Seek advice from your manager about how to resolve the issue.
2.Conclude that it is an IT problem and pass it to the IT department to resolve
3.Examine the source data yourself to see what may have gone wrong.

Answers

Q1. The best effective solution is:  Call the client and inform him that this problem was a calculation error that has now been fixed. He will be repaid the correct amount shortly, and this error should not happen again.

The least effective solution is:

2. Call the client and, to protect the Bank's positive image, inform him that the mistake occurred due to a third-party vendor's miscalculation.

Q2-a. The best effective solution is:

3. Explain to the customer that due to the way the fund is set up, only his children are able to access it.

The least effective solution is:

2. Explain to the client that he is not able to access his fund because of the fund setting.

Q2-b. The best effective solution is:

3. Tell the customer what you know and say you will provide additional information if needed.

The least effective solution is:

2. Say you will investigate and respond to the client with a detailed response.

Q2-c. The best effective solution is:

3. Examine the source data yourself to see what may have gone wrong.

The least effective solution is:

2. Conclude that it is an IT problem and pass it to the IT department to resolve.

In each case, the best effective solutions involve clear communication with the client, taking responsibility for the issue, and providing relevant information or resolving the problem directly. The least effective solutions involve deflecting blame, not taking immediate action, or not investigating the issue thoroughly.

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Which key stakeholder demands that firms behave responsibly?

Answers

The key stakeholder that demands firms behave responsibly is the Government. Here option C is the correct answer.

Government plays a crucial role in regulating and overseeing the activities of businesses to ensure they operate in a responsible and ethical manner. Governments establish and enforce laws, regulations, and policies that govern business practices and promote responsible behavior.

Governments demand that firms comply with legal requirements, such as environmental regulations, labor laws, and consumer protection measures. They also set standards for corporate governance, financial reporting, and transparency, aiming to prevent fraud and unethical practices. Governments may impose penalties, fines, or even revoke licenses for non-compliance.

Furthermore, governments often have a broader societal interest in promoting responsible business behavior. They seek to protect the welfare of citizens, promote fair competition, and prevent the negative impacts of business activities on society and the environment.

Governments may introduce regulations related to product safety, data privacy, social responsibility, and sustainability, placing additional demands on firms to behave responsibly. Therefore option C is the correct answer.

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Complete question:

Which of the following key stakeholders demands that firms behave responsibly?

A) Shareholders

B) Customers

C) Government

D) Competitors

which of the following should not be included in PESTLE analysis​

Answers

PESTLE analysis is an external analysis and is focused on identifying the external factors that could impact the organization. Internal factors such as organizational structure, company analysis, and internal policies, should not be included in a PESTLE analysis.

PESTLE analysis is a strategic tool that is used for evaluating the external environment surrounding an organization. PESTLE stands for Political, Economic, Sociological, Technological, Legal, and Environmental. These external factors can have a significant impact on the operations and success of the organization.

The purpose of PESTLE analysis is to identify the external forces that can have a direct impact on the organization, and the information collected through this process can be used to make better strategic decisions. While all of the six factors are important to consider in a PESTLE analysis, there is one factor that should not be included, and that is "internal factors."

PESTLE analysis is an external analysis and is focused on identifying the external factors that could impact the organization. Internal factors such as organizational structure, company culture, and internal policies, should not be included in a PESTLE analysis.

Instead, internal factors should be evaluated using a SWOT analysis, which is a tool that focuses on the internal strengths and weaknesses of an organization. SWOT analysis is often used in combination with PESTLE analysis to create a comprehensive view of an organization's external and internal environment.
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If the required reserve ratio is one-third, currency in circulation is $300 billion, checkable deposits are $900 billion, and there is no excess reserve, then the monetary base is A) $667 billion. B) $300 billion. C) $333 billion. D) $600 billion.

Answers

If the required reserve ratio is one-third, currency in circulation is $300 billion, checkable deposits are $900 billion, and there is no excess reserve, then the monetary base is  $600 billion.The correct option is D) $600 billion.

The monetary base, also known as high-powered money or the money base, is the total amount of currency in circulation and reserves held by banks in the economy. It can be calculated as the sum of currency in circulation and bank reserves.

Given the following information:

Currency in circulation = $300 billion

Checkable deposits = $900 billion

Required reserve ratio = 1/3

To calculate the reserves held by banks, we can use the required reserve ratio:

Reserves = Checkable deposits * Required reserve ratio

Reserves = $900 billion * (1/3)

Reserves = $300 billion

Now, we can calculate the monetary base:

Monetary base = Currency in circulation + Reserves

Monetary base = $300 billion + $300 billion

Monetary base = $600 billion

Therefore, the correct option is D) $600 billion.

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You work for a cellphone manufacturing company that has developed a new product. The new cellphone production will last for 7 years. You expect that sales from the new product will generate cash flows of $13.0 million from the first year and that this amount will grow at a rate of 2.0% per year for the next 7 years. If the cost of capital is 5.1% per year, what is the present value of producing this cellphone? Round your answer to the nearest whole number.

Answers

Given that the sales from the new cellphone will generate cash flows of $13.0 million in the first year and will grow at a rate of 2.0% per year for the next 7 years. If the cost of capital is 5.1% per year,

we need to find the present value of producing this cellphone.

The present value of the production can be calculated using the formula as shown below:

PV = CF₁ / (1 + r)¹ + CF₂ / (1 + r)² + ... + CFₙ / (1 + r)ⁿ

Where, PV = Present value of cash flows

CF = Expected cash flowr = cost of capital n = Number of periodsPV = 13.0 / (1 + 0.051)¹ + 13.0 × (1 + 0.02) / (1 + 0.051)² + 13.0 × (1 + 0.02)² / (1 + 0.051)³ + 13.0 × (1 + 0.02)³ / (1 + 0.051)⁴ + 13.0 × (1 + 0.02)⁴ / (1 + 0.051)⁵ + 13.0 × (1 + 0.02)⁵ / (1 + 0.051)⁶ + 13.0 × (1 + 0.02)⁶ / (1 + 0.051)⁷PV = $88 million

Therefore, the present value of producing this cellphone is $88 million rounded to the nearest whole number.

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When obtaining evidence about accounts receivable, auditors should primarily focus on testing the valuation assertion.

a. True
b. False

Answers

When obtaining evidence about accounts receivable, auditors should not primarily focus on testing the valuation assertion.

the correct answer is False.

When obtaining evidence about accounts receivable, auditors should primarily focus on testing multiple assertions, including:

1. Existence: Ensuring that the recorded accounts receivable actually exist and represent valid claims against customers.

2. Completeness: Verifying that all relevant accounts receivable are recorded and no significant items are omitted.

3. Valuation: Assessing whether the accounts receivable are properly valued, considering factors like potential bad debts, discounts, and allowances.

4. Rights and Obligations: Confirming that the company has legal ownership or rights to the accounts receivable and that they are not subject to any restrictions or pledges.

5. Presentation and Disclosure: Evaluating whether the accounts receivable are presented and disclosed in accordance with applicable accounting standards and regulations.

While the valuation assertion is one important aspect, auditors should consider all relevant assertions to obtain reasonable assurance about the accounts receivable balance and its presentation in the financial statements.

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Provide the name of two business competitors that manufacture and sell the same product. Be sure to name the products.

Answers

Answer:

1. Coke vs Pepsi: product include Cold Beverage

2. Nike vs Reebok: product include sporting goods

Xavier Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the company retains only $26,200 in free cash. The following debts, totaling $43,050, remain:
Government claims to unpaid taxes $ 7,000
Salary during last month owed to Mr. Key (not an officer) 18,825
Administrative expenses 3,450
Salary during last month owed to Ms. Rankin (not an officer) 6,225
Unsecured accounts payable 7,550
Indicate how much money will be paid to the creditor associated with each debt.

Answers

In a Chapter 7 bankruptcy scenario for Xavier Company, where all assets have been liquidated and the company retains $26,200 in free cash, the distribution of funds to creditors is determined by the priority of the debts.

1. Government claims to unpaid taxes: $7,000

  This debt is given priority and will be paid in full with the available funds of $26,200.

2. Salary during the last month owed to Mr. Key (not an officer): $18,825

  This debt is considered a priority claim and will be paid in full with the remaining funds after satisfying the government claim. Therefore, Mr. Key will receive $18,825.

3. Administrative expenses: $3,450

  Administrative expenses, such as legal fees or costs associated with the bankruptcy proceedings, are also given priority. The available funds will be used to pay this debt. After paying the government claim and Mr. Key's salary, $26,200 - $7,000 - $18,825 = $400 will remain for administrative expenses. Therefore, $3,450 cannot be fully paid, and the creditor associated with this debt will receive $400.

4. Salary during the last month owed to Ms. Rankin (not an officer): $6,225

  This debt is considered a general unsecured claim. Since the available funds have been exhausted by satisfying the higher-priority debts, there is no remaining money to pay this debt. Therefore, Ms. Rankin will not receive any funds.

5. Unsecured accounts payable: $7,550

  Similar to Ms. Rankin's salary, this debt is also considered a general unsecured claim. Since there are no funds remaining after satisfying the higher-priority debts, the creditor associated with this debt will not receive any funds.

In summary, the distribution of funds to the creditors associated with each debt will be as follows:

- Government claims to unpaid taxes: $7,000

- Salary during last month owed to Mr. Key (not an officer): $18,825

- Administrative expenses: $400

- Salary during last month owed to Ms. Rankin (not an officer): $0

- Unsecured accounts payable: $0

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patrick and kelsey are married filing jointly in 2020. patrick
works at a car dealership, and kelsey is a nurse at a hospital.
during the year. they received $145000 in totL(together) for
salaries fro

Answers

The total recognition gross income for Patrick and Kelsey in 2020 is $158950. Therefore, the correct option is C.

The total recognition gross income for Patrick and Kelsey in 2020 can be calculated as follows:

Salary earned from their employers = $145000

Employer's portion of health insurance premium = $2150

Income from inheritance = $11800

Total recognition gross income = Salary earned from their employers + Employer's portion of health insurance premium + Income from inheritance

Total recognition gross income = $145000 + $2150 + $11800= $158950

Therefore, the total recognition gross income for the couple in 2020 is $158950 which corresponds to option C.

Note: The question is incomplete. The complete question probably is: patrick and kelsey are married filing jointly in 2020. patrick works at a car dealership, and kelsey is a nurse at a hospital. during the year. they received $145000 in total(together) for salaries from their employers. in addition, the hospital Kelsey worked for pay $2150 for the employers portion of their medical and dental health insurance premiums. finally, Kelseys grandmother passed away and left her $11800. Determine the total recognition gross income for patrick and kelsey in 2020. a. $147150 b. $156800 c. $158950 d. none of the answer.

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Your boss is considering a 4-year investment project. • If the project is accepted, it would require an immediate spending of $504 to buy all necessary production equipment. This equipment would be sold at the end of the project and bring your company estimated $158 in sale proceeds after taxes (or after-tax salvage value). Your boss's consulting team estimated that the annual after-tax profits (or operating cash flows) would equal $157. • The team also recommends immediately setting aside $41 in cash to cover any unforeseen expenses. The required annual rate of return is 10.5%. Calculate the Net Present Value of this proposed investment project. If your answer is negative, don't forget the minus sign! Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher.

Answers

The Net Present Value (NPV) of the proposed investment project is -$38.467177.

What is the Net Present Value of the investment project?

Net Present Value (NPV) is a financial metric used to determine the profitability of an investment project. It calculates the present value of expected future cash flows and compares it to the initial investment cost. In this case, the project requires an initial spending of $504 on equipment, which is expected to generate annual after-tax profits of $157 for four years. Additionally, $41 is set aside for unforeseen expenses.

The required rate of return is 10.5%. By discounting the future cash flows and subtracting the initial investment and the salvage value of the equipment, we arrive at the NPV. In this case, the NPV is negative, indicating that the project may not be financially viable given the required rate of return. A positive NPV would suggest the project is expected to generate value for the company.

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When faced with a moral decisions, employees should follow the two-step procedure of identifying:

Answers

When faced with moral decisions, employees should follow the two-step procedure of identifying:

1. The ethical issue or dilemma: This involves recognizing and understanding the moral problem at hand, considering the potential consequences, and evaluating the ethical principles or values that may be involved.

2. Moral judgment and decision-making: After identifying the ethical issue, employees should consider different perspectives, weigh the pros and cons, and make a moral judgment based on their personal values, ethical principles, and the potential impact on stakeholders.

By following this two-step procedure, employees can systematically analyze moral decisions, consider the ethical implications, and make informed choices that align with their values and ethical standards.

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A donut shop is considering opening a new location in the area. It has estimated the required immediate investment into this project, as well as future revenues and expenses. The manager also believe that an immediate investment of $276 in net working capital would be required to support the project. It will be necessary to increase the net working capital by $41 in each subsequent year. In the final year, which is Year 7, the net working capital will be recovered.

How much net working capital will be recovered at the end of the final year of this project?

Answers

The amount of net working capital that will be recovered at the end of the final year of the project is $276.  

The formula to calculate net working capital is:

NWC= Current Assets - Current Liabilities

Given that the net working capital in the initial year is $276, it increases by $41 in each subsequent year of the project, until the final year when it is recovered.

Therefore, the amount of net working capital in Year 7 is the same as it was in the initial year, which is $276. So, the net working capital that will be recovered at the end of the final year of this project is $276.

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