Answer: Approximately seven years
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As a result of the ad campaigns depicting Brazil as a multicultural land of carnivals and beaches, any mention of the country makes people think of sun and sand. This is an example of ________.
A) collectivism
B) target market impact
C) ethnocentric thinking
D) country-of-origin effect
E) cognitive dissonance
Financial markets:____________.
a. reduce diversification.
b. increase transaction costs.
c. determine tax rates.
d. provide liquidity.
Answer:
b. increase transaction costs & d. provide liquidity.
Explanation:
Financial markets reduce diversification and provides liquidity. The market provides means for reduce diversification (reducing risk for borrowers & lenders) and also enhancing liquidity for borrowers & lenders as well.
On March 1st, the Picasso Co. issued a 12 month, $120,000 note, to the Bank of Carbondale. The note carries a 10% interest rate and all payments for principal and interest will be paid at the end of 1 year. What is the maturity value of the note?
Answer:
The maturity value of the note is $132,000
Explanation:
A Loan note is a promissory note that is signed to make a promise of an amount of Loan taken by someone that to be returned after a specific time with interest value at a defined in the loan note.
The maturity value of the loan note can be calculated as follow
Face value = $120,000
Interest rate = 10%
Time period = 1 years
Use following formula to calculate the maturity value of the loan note.
Maturity value = Face value x ( 1 + interest rate )^ numbers of years
Placing values in the formula
Maturity value = $120,000 x ( 1 + 10% )^1
Maturity value = $132,000
The Distance Plus partnership has the following capital balances at the beginning of the current year: Tiger (40% of profits and losses) $ 150,000 Phil (30%) 120,000 Ernie (30%) 135,000 Each of the following questions should be viewed independently.
Required:
a. If Sergio invests $190,000 in cash in the business for a 20 percent interest, what journal entry is recorded?
b. If Sergio invests $100,000 in cash in the business for a 20 percent interest, what journal entry is recorded? Assume that the bonus method is used.
c. If Sergio invests $102,000 in cash in the business for a 20 percent interest, what journal entry is recorded? Assume that the goodwill is used.
Answer:
A. Total Capital After Investment = 150000+120000+135000+190000 = 595000
Sergio's Share = 595000*20% = 119000
Bonus Distributed to Existing Partners = 190000 - 119000 = 71,000
Journal Entry
Particulars Debit Credit
Cash 190,000
Sergio, Capital 119,000
Tiger, Capital (71,000*40%) 28,400
Phil, Capital (71,000*30%) 21,300
Ernie, Capital (71,000*30%) 21,300
B. Total Capital After Investment = 150000+120000+135000+100000 = 505000
Sergio's Share = 505000*20% = 101000
Bonus Taken from Existing Partners = 101000 - 100000 = 100
Journal Entry
Particulars Debit Credit
Cash 100000
Tiger, Capital (1000*40%) 400
Phil, Capital (1000*30%) 300
Ernie, Capital (1000*30%) 300
Sergio, Capital 101000
C. Total Capital After Investment = 150000+120000+135000+102000 = 507000
Implied Value of Business = 102000/20% = 510000
Goodwill = 510000 - 507000 = 3000
Journal Entry
Particulars Debit Credit
Goodwill 3000
Tiger, Capital (3000*40%) 1200
Phil, Capital (3000*30%) 900
Ernie, Capital (3000*30%) 900
Journal Entry
Particulars Debit Credit
Cash 102000
Sergio, Capital 102000
The Dewey Corporation has the following data, in thousands. Assuming a 365-day year, what is the firm's cash conversion cycle?
Annual sales =
Annual cost of goods sold =
Inventory =
Accounts receivable =
Accounts payable = $45,000
$31,500
$4,000
$2,000
$2,400
a. 25 days
b. 28 days
c. 31 days
d. 35 days
e. 38 days
Answer:
d. 35 days
Explanation:
Cash conversion cycle = Average inventory/ (COGS/365) + Average account receivables/(Credit sales/365) - Average account payable / (COGS/365)
Cash conversion cycle = 4,000 / (31,500/365) + 2,000/(45,000/365) - 2,400/(31,5000/365)
Cash conversion cycle = 4,000/86.3014 + 2,000/123.2877 - 2,400/86.3014
Cash conversion cycle = 46.3492 + 16.2222 - 27.8095
Cash conversion cycle = 34.7619
Cash conversion cycle = 35 days
Based on the information given Cash conversion cycle is d. 35 days.
Cash conversion cycle = Days in Inventory + Days in Receivables – Days in payables
Cash conversion cycle = Inventory/Cost of Goods sold×365 + Accounts receivables/Annual Sales×365 – Accounts payable/Cost of goods sold×365
Let plug in the formula
Cash conversion cycle= 4,000 /31,500×365+ 2,000/45,000×365 - 2,400/31,5000×365)
Cash conversion cycle = 46.3492 + 16.2222 - 27.8095
Cash conversion cycle = 34.7619
Cash conversion cycle = 35 days (Approximately)
Inconclusion Cash conversion cycle is d. 35 days.
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The following labor standards have been established for a particular product:
Standard labor-hours per unit of output 9.0 hours
Standard labor rate $ 15.10 per hour
-
The following data pertain to operations concerning the product for the last month:
Actual hours worked 8,100 hours
Actual total labor cost $ 119,880
Actual output 800 units
What is the labor rate variance for the month?
11160F
2430F
13320U
Answer:
$2,430F
Explanation:
The formulae for labor rate variance is given as (Actual rate - Standard rate) × Actual hours worked.
Labor rate variance = (Actual rate - Standard rate) × Actual hours worked
Given that;
Actual rate = Actual total labor cost ÷ Actual hours worked
= $119,880 ÷ 8,100
= $14.8 per hour
Standard rate = $15.10 per hour
Actual hours worked = 8,100
Labor rate variance = ($14.8 - $15.10) × 8,100
Labor rate variance $2,430F
Precision Tool requires a 15 percent rate of return and uses straight-line depreciation to a zero book value over the life of its equipment. A Machine it is using has an initial cost of $892,000, annual operating cash flow (OCF) of - $26,300, and a 4-year life. The machine will be replaced at the end of its useful life. What is the EAC of the machine? A- $338,737 B- $355,702 C- $376,907 D- $436,864
Answer:
A -$338,737
Explanation:
initial outlay = -$892,000
cash flows year 1 - 4 = -$26,300
first we must determine the present value of the machine and its associated cash flows
PV = -$892,000 - $26,300/1.15 - $26,300/1.15² - $26,300/1.15³ - $26,300/1.15⁴ = -$967,085.93
equivalent annual cost (EAC) = (NPV x i) / [1 - (1 + i)⁻ⁿ] = (-$967,085.93 x 15%) / [1 - (1 + 15%)⁻⁴] = -$338,736.69 ≈ -$338,737
Why is it important to understand that the amount cash paid for taxes is different than the amount of income tax expense?
Answer: To know the amount of tax the business should pay from reported profit which is different from it's actual tax bill
Explanation:
Income tax expense could be described as what is calculated that the company owes in taxes according to accounting rules. They are reported on the income statement.
While Income tax payable is described as the actual amount the company owes in taxes based on the rules of tax code. They appear on the balance sheet of the company accounting documents until the bills are cleared off or paid.
The reason for understanding the difference is to know the amount of tax the business should pay from reported profit which is different from it's actual tax bill
Marquis has a gross pay of $816. By how much will his gross pay be reduced if Marquis has the following items withheld?
federal tax of $92
Social Security tax that is 6.2% of his gross pay
Medicare tax that is 1.45% of his gross pay
state tax that is 22% of his federal tax
a.
$82.66
b.
$129.13
c.
$164.01
d.
$174.66
Please select the best answer from the choices provided
Answer:
$174.66 which is d on edge
Explanation:
i studied very hard and i made a 100
What is the term used to describe the linking of key product or service requirements to process capabilities?
Answer:
Product or service profiling.
Explanation:
Product or service profiling is the term used to describe the linking of key product or service requirements to process capabilities.
Generally, most organizations and business owners use the product or service profiling strategy to enhance consistency through the identification of their key services or product line and as such are avail the opportunity to select the appropriate process, procedures and techniques to achieve their goals and objectives successfully.
According to most large company CFOs, SOX has
Answer: increased investor confidence
Explanation: accounting
The composition of the Fingroup Fund portfolio is as follows:
Stock Shares Price
A 200,000 $ 34
B 268,000 56
C 416,000 36
D 520,000 45
The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $56,000. There are 4.5 million shares outstanding.
What is the net asset value of the fund? (Round your answer to 2 decimal places.)
Answer:
$13.36
Explanation:
The computation of the net asset value of the fund is as follows:
Total value
= 200,000 shares × $34 + 268,000 shares × $56 + 416,000 shares × $36 + 520,000 shares × $45
= $6,800,000 + $15,008,000 + $14,976,000 + $23,400,000
= $60,184,000
Now the net asset value is
= ($60,184,000 - $56,000) ÷ (4,500,000)
= $13.36
Discuss the FOUR (4) P’s of marketing by Alibaba.
Answer:
product, price, place, promotion
Explanation:
which product do your customers need
the price of the product
the place
the promotion for performance
A restructuring of operations that ____ the difference between a foreign currency's inflows and outflows may ____ economic exposure.
A. reduces; increase
B. increases; reduce
C. reduces; reduce
D. reduces; increase AND increases; reduce
Answer:
C. reduces; reduce
Explanation:
When there are an inflow and outflow of capital with respect to the foreign as an in and out of an economy so this represents a major and important aspect of the globalization. Simultaneously these type of inflows and outflows important impact the depreciation and the appreciation of the currency of the country in terms of foreign exchange reserves that directly impacted
Therefore the correct option is c.
Solomon Services Company has 69 employees, 29 of whom are assigned to Division A and 40 to Division B. Solomon incurred $413,310 of fringe benefits cost during 2018. Required: Determine the amount of the fringe benefits cost to be allocated to Division A and to Division B.
Answer:
Division A - $173,710Division B - $239,600Explanation:
First determine the fringe benefits per employee for the whole company;
= 413,310 / 69
= $5,990 per employee
Division A has 29 employees so the fringe benefit cost is;
= 29 * 5,990
= $173,710
Division B has 40 employees so the fringe benefit cost is;
= 40 * 5,990
= $239,600
EZCUBE Corp. is 55% financed with long-term bonds and 45% with common equity. The debt securities have a beta of .20. The company’s equity beta is 1.20. What is EZCUBE’s asset beta?
Answer:
Asset Beta is 0.65
Explanation:
The formula for asset beta is given below:
Asset beta=Bd*(D/V)+Be*(E/V)
Bd=debt beta=0.20
D/V=debt value=55%
Be=equity beta=1.20
E/V=equity value=45%
Asset Beta=(0.20*55%)+(1.20*45%)
Asset Beta=0.11 +0.54
Asset Beta=0.65
A fixed asset with a cost of $31,588 and accumulated depreciation of $28,429.20 is sold for $5369.96. What is the amount of gain or loss on disposal of the fixed asset
Answer:
$2,238.16
Explanation:
In the disposal of assets, gain or loss will be a comparison between the book value and the selling price.
Book value is the asset costs minus accumulated depreciation.
in this case, the book value will be
= Asset cost - Depreciation
= $31,588- $28,429.20
=$3,158.8 is the book value.
Gain or loss = selling price- book value
=$5,369.96 - $3,158.8
=$2,238.16
A gain of$2,238.16 will be gain from that sale.
If an investor purchases a bond when its current yield is higher than the coupon rate, then the bond's price will be expected to::_______
a. increase over time, reaching par value at maturity
b. exceed the face value at maturity
c. be less than the face value at maturity
d. decline over time, reaching par value at maturity
Answer:
a. increase over time, reaching par value at maturity
Explanation:
If current yield is more than coupon rate, it means that the bond price is less than par value, as time to maturity decreases bond value amortizes to par value. Thus, If an investor purchases a bond when its current yield is higher than the coupon rate, then the bond's price will be expected to increase over time, reaching par value at maturity.
The balance in the prepaid rent account before adjustment at the end of the year is $16,212, which represents 6 months' rent paid on December 1. The adjusting entry required on December 31 is to:____.a. debit Rent Expense, $12,000; credit Prepaid Rent $12,000.b. debit Prepaid Rent, $6,000; credit Rent Expense, $6,000.c. debit Rent Expense, $6,000; credit Prepaid Rent, $6,000. d. debit Prepaid Rent, $12,000; credit Rent Expense, $12,000.e. none of these answers are correct.
Answer: e. none of these answers are correct.
Explanation:
Going by the accrual basis in Accounting, expenses should be recorded only when incurred.
Rent expense for the year therefore will be the rent incurred for the year which is for the month of December alone in this question as the rent was paid on December 1.
The rent for December will be deducted from the Prepaid expense account.
Rent per month is;
= 16,212/6
= $2,702 per month
Correct entry will be;
Date Details Debit Credit
Dec. 31 Rent Expense $2,702
Prepaid Rent $2,702
State with brief reason whether the following statements are true, false, or uncertain:a. In the presence of heteroscedasticity OLS estimators are biased as well as inefficient.b. If heteroscedasticity is present, the conventional t and F tests are invalid.c. In the presence of heteroscedasticity the usual OLS method always overestimates the standard errors of estimators.d. If residuals estimated from an OLS regression exhibit a systematic pattern, it means heteroscedasticity is present in the data.e. There is no general test of heteroscedasticity that is free of any assumption about which variable the error term is correlated with.f. If a regression model is mis-specified (e.g., an important variable is omitted), the OLS residuals will show a distinct pattern.g. If a regressor that has nonconstant variance is (incorrectly) omitted from a model, the (OLS) residuals will be heteroscedastic.
Answer:
Explanation:Djrjjrjrhe
In the presence of heteroscedasticity OLS estimators are biased as well as inefficient is a FALSE statment.
What is heteroscedasticity?If every variable in a sequential manner has the same finite variance, the succession is homoscedastic. Another name for this is the homogeneity of volatility. Heteroscedasticity is the equivalent concept. Along these used forms include homoskedasticity as well as heteroskedasticity.
b. If heteroscedasticity is present, the conventional t and F tests are invalid in a TRUE statment.
c. In the presence of heteroscedasticity the usual OLS method always overestimates the standard errors of estimators as a FALSE statment.
D. If residuals estimated from an OLS regression exhibit a systematic pattern, it means heteroscedasticity is present in the data is a FALSE statment.
e. "There is no general test of heteroscedasticity that is free of any assumption about which variable the error term is correlated with.f. If a regression model is misspecified (e.g., an important variable is omitted), the OLS residuals will show a distinct pattern.g. If a regressor that has nonconstant variance is (incorrectly) omitted from a model, the (OLS) residuals will be heteroscedastic" is a TRUE statment
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benefits are an important aspect of employee compensation and they involve the direct financial payments employees receive for remaining with an employer.
true or false
1. Use the first three tools of monetary policv to illustrate how the Federal Reserve would expand production within the economy.
Suppose that the coupon rate for a TIPS is 4%. Suppose further that an investor purchases $50,000 of par value initial principal) of this issue today.
(1) What is the dollar coupon interest that will be paid in cash at the end of the first six months if the current rate of inflation is 3.25%?
(2) What is the dollar coupon interest that will be paid in cash at the end of the first year if the rate of inflation increases to 3.75% six month later?
Answer:
1. $1,016.25
2. $1,035.30
Explanation:
Dollar coupon interest = Par value * (1+inflation/2)*coupon rate/2
1. Dollar coupon interest = 50000* (1+3.25%/2)*4%/2
Dollar coupon interest = 50,000*(1+3.25%/2)*4%/2
Dollar coupon interest = 50,000*1.01625*0.02
Dollar coupon interest = $1,016.25
2. Dollar coupon interest = 50,000*(1+3.25%/2)*(1+3.75%/2)*4%/2
Dollar coupon interest = 50,000*1.01625*1.01875*0.02
Dollar coupon interest = 1035.3046875
Dollar coupon interest = $1,035.30
The gross profit method is most commonly used to:_______ a. estimate the cost of inventory from incomplete records. b. determine the exact cost of inventory. c. develop a sales budget. d. replace the year-end physical inventory.
Answer:
a. estimate the cost of inventory from incomplete records.
Explanation:
The gross profit method is used to estimate the cost of inventory from incomplete records. This is done by determining the amount of gross profit using the Sales Revenue and the Gross Profit Margin. Then finding the difference between the Cost of Goods available for sale and this Gross Profit to reach to the estimated cost of inventory.
Moerdyk Corporation's bonds have a 15-year maturity, a 7.25% semiannual coupon, and a par value of $1,000. The required rate of return is 6.2%. Based on semiannual compounding, What is the market price of a bond?
Answer:
Bond price= $1,101.59
Explanation:
Giving the following information:
Time= 15*2= 30 semesters
Par value= $1,000
Rate of return= 0.062/2= 0.031
Cupon= (0.0725/2)*1,000= $36.25
To calculate the value of the bond, we need to use the following formula:
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond price= 36.25*{[ 1 - (1.031^-30)] / 0.031} + [1,000/(1.031^30)]
Bond price= 701.42 + 400.17
Bond price= $1,101.59
NoreCorp wants to meet a moral minimum of ethical behavior
The company could offer higher-quality products to customers for lower cost, positively impacting customers.
Studies on a machine that forges cylinder barrels for Volkswagen aftermarket performance engines indicate that when it is forging 103 mm diameter cylinders, the process standard deviation is 0.20 mm. The cylinders have a specification of 103 mm plus 0.75 mm or minus 1.25 mm. What is the minimum process capability index (Cpk)? a. 1.25 b. 1 c. 0.75 d. 0.67 e. 2.08
Answer:
a. 1.25
Explanation:
Calculation for the minimum process capability index (Cpk)
First step is to calculate the USL which is Upper Specification limit
Upper Specification limit=103+0.75
Upper Specification limit= 103.75
Second Step is to calculate the LSL which is Lower Specification limit
Lower Specification limit = 103-1.75
Lower Specification limit= 101.25
Last step is to calculate the minimum process capability index (Cpk) using this formula
Minimum Process capability index= [(M-LSL)/3sd; (USL-M)/3sd]
Where,
Actual Mean = M=103
Standard deviation= sd= 0.2
Hence,
Minimum Process capability index= 1.25
Therefore the minimum process capability index (Cpk) will be 1.25
Assume that labor is plotted on the horizontal axis and capital is plotted on the vertical axis. A firm plans to spend $1,000 per week on inputs and confronts a wage rate of $10 per hour and a capital rental rate of $20 per hour. Given this information, what will be the slope of the isocost curve?
A. -2
b. -1/2
c. -100
d. -50
Answer:
b.-1/2
Explanation:
Calculation for what will be the slope of the isocost curve
Using this formula
Slope of isocost line = -Wage rate/Capital rental rate
Let plug in the formula
Slope of isocost line=-10/20
Slope of isocost line=-1/2
Therefore the Slope of isocost line will be -1/2
A) A country's natural unemployment rate is 4 percent and its actual unemployment rate is 7 percent, what is its cyclical unemployment rate? Instructions: Enter the value for the output gap as an absolute number B) According to Okun's law, this country would have a recessionary output gap of percent percent.
Answer:
a. Cyclical unemployment rate = 3%
b. According to Okun's law, this country would have recessionary output gap of 6%
Explanation:
Note: The full and organized question is attached as picture below
a. A country's natural unemployment rate = 4% & its actual unemployment rate = 7%
Cyclical unemployment rate = Actual unemployment rate - Natural unemployment rate
Cyclical unemployment rate = 7 - 4
Cyclical unemployment rate = 3%
Cyclical unemployment is known to happen when the overall demand for goods and services in an economy cannot reach the level of full employment
b. Okun's law is known as the relationship between the economy unemployment rate and its Gross National Product
According to Okun's law, this country would have recessionary output gap of 6%. This comes from if a country's recessionary output gap grows by 4%, then its cyclical unemployment rate will increase by 2%
a. The cyclical unemployment rate is 3%
Cyclical unemployment can be described as the type of unemployment that exists because full demand for goods and services cannot attain full employment.
The natural rate of unemployment = 4%
The actual rate of unemployment = 7%
cyclical unemployment =
Actual - natural
7% - 4% = 3%
Therefore the cyclical unemployment rate is 3%.
b. According to Okun's law the recessionary gap would be 6%.
The reason for this is that the law states that when there is natural unemployment, the recessionary gap can be gotten by adding 2% to the natural rate.
4%+2% = 6%
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Economic profit is:_______.
a. always larger than accounting profit.
b. equal to the difference between accounting profit and implicit costs.
c. the sum of accounting profit and implicit costs.
d. equal to the difference between total revenue and implicit costs.
Answer:
b. equal to the difference between accounting profit and implicit costs.
Explanation:
Economic profit is equal to the difference between accounting profit and implicit costs.
Accounting profit = Total Revenue- Explicit Cost
Economic profit = Accounting profit - Implicit cost
Economic profit will be less than or equal to the accounting profit.