Answer:
$3,000 (A)
Explanation:
Total overhead variance is the difference between actual fixed overhead cost and overhead budgeted cost. Budgeted overhead cost is overhead rate multiplied by actual direct labor hours , while overhead rate is the total of variable overhead and fixed overhead rate.
Total overhead cost variance is computed as;
= Actual fixed overhead cost - Budgeted overhead
= $263,000 - ($5 × 52,000)
= $263,000 - $260,000
= $3,000 (A)
Therefore total overhead cost variance is $3,000 (A).
The people in an economy have $10 million in money. There is only one bank that all the people deposit their money in and it holds $0.5 million as required reserves. What is the money multiplier in this economy?
a. 1
b. 5
c. 10
d. 20
Answer: d. 20
Explanation:
The Money multiplier is the number that new deposits are multiplied with to find out their total effect on the banking system.
It is calculated by dividing 1 by the required reserve ratio.
Required reserve ratio = 0.5/10
= 5%
Money Multiplier = 1/5%
= 20
Estelle has 30 years of experience in your field that has answered your questions given you advice and help you make contact she is your
Answer:
a). mentor
Multiple-choices
a). mentor b). notary c). referral d). coach
Explanation:
A mentor is an expert and experienced person who offers to guide a less experienced individual. The purpose of mentorship is to give the inexperienced person exposure and on the job training so that they can excel as the mentor.
The mentor helps build the mentee's confidence and models positive behavior. They fast-track their mentee's career by giving advice, useful tips, introducing them to important contacts. A mentor should be reliable, show commitment, and believe in their mentee.
The following trial balance was extracted from the books of Kalekeno, a sole trader, at 31st Dec2018:
Dr Cr
Stock DEC 31st 2017 23,680
Carriage outward 2,000
Carriage inwards 3,100
Returns 2050 3,220
Purchases and sales 118,740 186,000
Salaries and wages 38,620
Rent 3040
Insurance 780
Motor expenses 6,640
Office expenses 2160
Lighting and heating expenses 1,660
General expenses 3140
Premises 50,000
Motor vehicles 18,000
Fixtures and fittings 3,500
Debtors and creditors 38,960 17,310
Cash at bank 4820
Drawings 12,000
Capital 126,360
332,890 332,890
Additional information
i) Closing stock was valued at ksh 29,460 as at 30th June 2018
ii) Mr kalekeno took part of the stock amounting to ksh 3000 for personal use
iii) Salaries and wages amounting to ksh 8,000 were pre-paid and ksh 360 of motor expenses accrued
iv) Bad debts written off amounted to 860
v) Depreciation is to be provided for as follows:
Premises at 20%
Fixtures and fittings at 15%
Motor vehicles at 25%
All of a above asset were depreciated at cost
a) The income statement for the year ended 30 th June 2018 ( 5marks)
b) The statement of financial position (5 Marks)
Answer:
do you still need help?
Explanation:
Bonanza Gold’s common stock currently sells for $32 per share. Bonanza’s investment banker charges 6.5 percent flotation costs when new common stock is issued. The company expects to pay a $3.36 per share dividend at the end of the year. If Bonanza’s cost of retained earnings is 15.5 percent, what is its cost of new common equity?
Answer:
16.23%
Explanation:
The formula share price below can be used to determine the cost of new common equity by making the cost of equity Ke the subject of the formula as below:
cost of retained earnings=dividend/share price+dividend growth rate
15.5%=$3.36/$32+dividend growth rate
dividend growth rate=15.5%-($3.36/$32)=5.00%
Cost of new equity=dividend/share price(net of flotation cost)+dividend growth rate
share price(net of flotation cost)=$32*(1-6.5%)=$29.92
Cost of new equity=($3.36/$29.92 )+5.00%
cost of new common equity=16.23%
As a general rule, we can close more sales by: __________
a. increasing the amount of actual selling time
b. decreasing the time allocated to active listening
c. decreasing the amount of detail in the sales presentation
d. increasing the amount of traveling time
Answer:
E) using confirmation questions to determine if we are on the right track
Explanation:
CHECK COMPLETE QUESTION BELOW
As a general rule, we can close more sales by: __________
a. increasing the amount of actual selling time
b. decreasing the time allocated to active listening
c. decreasing the amount of detail in the sales presentation
d. increasing the amount of traveling time
e.using confirmation questions to determine if we are on the right track
Closing of sales can be regarded as as a break/ make moment in the sales of a company To close more sales one need to Do research and set some expectation then pitch the suction and know how to handle objection then one can now ask for the sale.
Salespeople that do engage in who closing technique do reiterate the goods that are hopefully purchasing by consumer. It should be noted that As a general rule, we can close more sales by using confirmation questions to determine if we are on the right track
A bond has a Macaulay duration of 6.25 years. What will be the percentage change in the bond price if the yield to maturity increases from 6 percent to 6.4 percent?
Answer:
-0.0242
Explanation:
Percentage change in bond price = -6.25*(0.064 - 0.06) / 1 + (0.06/2)
= -6.25 * 0.004 / 1+0.03
= -6.25 * 0.004/1.03
= -0.0242
= -2.42
Thus, the percentage change in the bond price -2.42%
What evidence demonstrating your own leadership development have you gathered so far? (please list)
Answer:
The evidence that shows my own leadership development is:
Communication capacity Organization Calm and rationality proactivity ability to work as a team.Explanation:
Although there is still a long way to go for me to consider that I have a strong leadership spirit, I can consider some evidences in my personality and my abilities that announce that I have developed as a leader. Among these evidences I can mention my ability to communicate with people, explaining concepts and attitudes that we must have to reach our goals. This is linked to my ability to work as a team, managing it to success.
They are also a calm and rational person, which shows that I will have good control in the face of difficulties that may arise, without forgetting that I am very proactive and organized, which will facilitate the work to be done.
Business Scenario
An employee realized that he gave a shortchange to
a customer who already left the store premises. The
right change is 694 pesos, but he only gave 194
pesos. Discuss what business ethics issues present
on this situation. What can be done?
Answer:
a misscommunication, to be prevented they can be different ways of settling.
Explanation:
he principle of indemnity does not apply to Select one: a. health Insurance. b. home Insurance. c. life Insurance. d. auto Insurance. e. pet Insurance.
Answer:
c. life Insurance.
Explanation:
The principle of indemnity put an individual who is in loss into the same financial position as he was before the loss.
The insurers ensure such individual is immediately reinstated into his previous position. They do not give more than what was lost they give the exact thing that was insured and lost. Even if the sum insured is more than the actual value of the property or this would not entitle the insured to get more than the actual loss
Life insurance and body insurance is not under indemnity principal because life can not be valued the same way as property and it cannot be refunded. Also, body part loss cannot be restored back to its original position hence they do not come under the principle of indemnity.
Stoneheart Group is expected to pay a dividend of $2.87 next year. The company's dividend growth rate is expected to be 4 percent indefinitely and investors require a return of 10.2 percent on the company's stock. What is the stock price?
Answer:
The share price = $46.29
Explanation:
The share price = Next year dividend / (Required return - Growth rate)
The share price = 2.87 / (0.102 - 0.04)
The share price = 2.87 / 0.062
The share price = 46.29032258064516
The share price = $46.29
Trying to solve every problem on your own shows that you are responsible true or false
Answer:
True
Explanation:
What kind of question is this?
Answer:
I solve questions that I recognize
The slope of the budget constraint A. measures the rate at which the consumer can trade one good for another. B. equals the relative price of the two goods. C. reflects the trade-off the market is offering the consumer. D. all of the above are correct.
Answer:
B. equals the relative price of the two goods.
Explanation:
A budget constraint refers to how much money a person or a company has to spend in any given pair of goods or services, e.g. you have $10 and you want to eat hot dogs and drink Coke.
The slope of the budget constraint refers to the relative price of the two goods or services, e.g. a hot dogs costs $2 and a Coke costs $1.50. The slope of the budget constraint = $1.50 / $2 = 0.75. The slope of a budget constraint is always equal or less than 1, that is why the smallest value is the numerator.
An increase in a firm's tax rate will__________ if the firm has debt capital in its capital structure:
a. increase both the cost of preferred stock and debt.
b. decrease the cost of preferred stock.
c. increase the firm's WACC.
d. decrease the firm's WACC.
Answer:
d. decrease the firm's WACC.
Explanation:
As per WACC formula
WACC = ( Weight of Common Equity x Cost of Common Equity ) + ( Weight of Common Debt x Cost of Common Debt x ( 1 - Tax rate ) ) + ( Weight of Preferred Equity x Cost of Preferred Equity )
By assuming the values to prove the answer
Weights
Common equity = 55%
Preferred Equity = 15%
Debt = 30%
Costs
Common equity = 15%
Preferred Equity = 8%
Debt = 12%
Tax rate is 15%
Placing values in the formula
WACC = ( 55% x 15% ) + ( 30% x 12% x ( 1 - 15% ) ) + ( 15% x 8% )
WACC = 8.25% + 3.06% + 1.2% = 12.51%
Keeping others values constant, Now increase the Tax rate to 25% and placing vlaues in the formula
WACC = ( 55% x 15% ) + ( 30% x 12% x ( 1 - 25% ) ) + ( 15% x 8% )
WACC = 8.25% + 2.7 + 1.2% = 12.15%
Hence the WACC is decreased from 12.51% to 12.15% when the tax rate is increased from 15% to 25% keeping other values constant.
A(n) ________ represents a condensed version of the registration statement that enables prospective investors to evaluate a stock for possible purchase.
a. insider report
b. securities disclosure
c. evaluative report
d. prospectus
Answer:
D. prospectus
Explanation:
prospectus is a term used in company law, it can be regarded as a formal and legal document that are used for invitation of offers from the public, so that public can subscribe to or purchase any securities. prospectus is basically a formal and legal document issued by a body corporate which acts for inviting offers from the public for subscription or purchase of any securities.prospectus is usually issued by a body corporate. And in this case the entitlement on issueing of prospectus is open to the every public company so that they can issue prospectus for shares or debentures, however not required as far as private company is concerned. It should be noted that prospectus represents a condensed version of the registration statement that enables prospective investors to evaluate a stock for possible purchase.
An individual investor or other entity (such as a company or mutual fund) who invests money in the hope of reaping a profit.
Investors use a wide range of financial vehicles to generate a return and achieve critical investment targets such as creating extra wealth over time, establishing retirement savings, or supporting college education.
The correct answer is D. prospectus
A presentation is a terminology used in corporate law that refers to a formal legal document used to invite offers from the public in order for the public to subscribe to or purchase shares.
A prospectus is an appropriate legal document issued by the company for the purpose of requesting public proposals for the subscription or purchase of securities. A prospectus is typically issued by a company.
To know more about the prospectus, refer to the link below:
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Samson purchased some equipment for $86,749 on March 15, 2017. He decided he did not need the equipment and sold it on March 10, 2018 for $82,000. The equipment was subject to depreciation of $16,851 for 2017 and 2018. What gain or loss will Samson recognize on the sale of the equipment?
A. $4,749 ordinary loss.
B. $12,102 ordinary gain.
C. $12,102 capital gain.
D. $4,749 capital loss.
An account balance is:
A. The total of the credit side of the account.
B. The total of the debit side of the account.
C. The difference between the total debits and total credits for an account including the beginning balance.
D. Used to identify source documents.
E. Always a credit.
An account balance is the difference between the total debits and total credits for an account including the beginning balance. The correct option is (C).
What do you mean by the account balance?The amount of money held in a financial institution, such as a savings or checking account, at any particular time is known as the account balance.
The net amount, which includes all debits and credits, is always the account balance.
An account balance that is negative indicates a net debt, such as when a checking account is overdrawn.
An account balance may also show an amount outstanding for financial accounts with recurring expenses, such a mortgage or an electric bill.
Therefore, an account balance is the difference between the total debits and total credits for an account including the beginning balance.
To know more about the account balance, visit:
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_____refers to how openly a society or culture accepts or does not accept differences between people, as in hierarchies in the workplace or in politics.
Answer:
Power distance
Explanation:
Power distance refers to the extent to which those in power distance themselves from their subordinates or those that have have lower level of power.
Usually there is a hierarchy created by varying degrees of power in the society.
People with low in a community restrict themselves to their place. They accept that power is unequally divided with little or no resistance to those with higher power level.
So it is indicative of level of acceptance of power differences in the community
In a single period system, the target ________ is the balancing point between shortage costs and excess costs.
Answer: service level
Explanation:
A single period inventory model typically occurs to the organizations that order one-time items. In this case, such organizations can only get the right quantity when they order once in order to prevent loss.
In a single period system, the target service level is the balancing point between shortage costs and excess costs.
For a given significance level, if the calculated value of the Durbin Watson statistic lies between the lower critical value and the upper critical value, _____.a. the hypothesis of no serial correlation is accepted b. the hypothesis of no serial correlation is rejected c. the test is inconclusive d. the hypothesis of heteroskedasticity is accepted
Answer:
c. the test is inconclusive
Explanation:
In statistic, Durbin-Watson statistic test is used for testing the auto correlation present in residual and regression analysis. Auto correlation means it works as lagged correlation between variable's current value and variable's past value. For a given significance level, if the calculated value of the Durbin Watson statistic lies between the lower critical value and the upper critical value the test is inconclusive.
The features of Municipal bonds make them attractive to high income, _________ bracket investors. a) Low-tax b) Average-tax c) High-tax d) No-tax e) Extra-tax
Answer: c) High-tax
Explanation:
Municipal bonds are quite attractive because they offer returns that are free of Federal taxes which means that the return quoted on them is the after-tax return already.
For this reason their returns are usually less than corporate bond returns. Investors in high tax brackets will therefore be attracted to municipal bonds as it gives them a chance to get tax savings on amounts they would have paid as taxes.
Maria, a certified financial planner, must also be a licensed attorney to be appointed Trustee of a bankruptcy estate. A. True B. False
Answer: False
Explanation:
Bankruptcy Trustees are usually lawyers and this is why people think that they must always be lawyers but this is not the case.
The United States Trustee who is an officer of the Department of Justice and the one in charge of appointing Bankruptcy Trustees, can appoint a person other than a licensed attorney to be the representative of an estate for bankruptcy related matters (trustee) such as accountants or financial planners.
A set of values based on desirable workplace characteristics that include accountability, dependability, initiative taking, and accomplishment is called:
Answer:
work ethic
Explanation:
The work ethic represents the belief in ourselves to do the hard work that surely gives the benefit in future. It could be done by your character and skills & abilities.
Also it involves various attributes like, accountability, dependability, achievements, etc
Therefore according to the given situation, the work ethic is the answer and the same is to be considered
Bank One offered 20-year certificate of deposit (CD) at 4.85% interest compounded quarterly. On the same day on the Internet, First Bank offered 20-year CD at 4.84% compounded monthly. Find the APY for each CD. Which bank paid a higher APY?
Answer:
Which bank paid a higher APY?
First Bank pays a higher APY = 4.95%
Explanation:
the annual percentage yield is the effective annual rate earned by a deposit, so we can use that formula to answer this question
effective annual rate Bank One (APY) = (1 + 4.85%/4)⁴ - 1 = 1.04939 - 1 = 0.04939 = 4.94%
effective annual rate First Bank (APY) = (1 + 4.84%/12)¹² - 1 = 1.049488 - 1 = 0.049488 = 4.95%
An indifference curve shows the various bundles of goods that:_________ A. all cost the same amount of money. B. make the consumer equally happy. C. can be purchased on the open market. D. are overpriced.
Answer:
B. make the consumer equally happy.
Explanation:
An indifference curve can be defined as the graphical representation of two products (commodities) that gives a customer equal utility and satisfaction and as such making him or her indifferent about them as they are equally happy.
Hence, an indifference curve shows the various bundles of goods that make the consumer equally happy.
Pablo owns a record store. His total costs are $1.2 million per year, his variable costs are $750,000, and his fixed costs are $450,000 per year. Last year, Pablo sold 1,200 records. If Pablo sells 1,250 records this year (50 more than last year) and his average total cost increases to $1.28 million, we know that the: ________
a. average variable cost of selling records has decreased.
b. marginal cost of those 50 records is $80,000.
c. average fixed cost of selling records is unchanged.
d. marginal cost of those 50 records is $1.28 million.
e. average total cost of selling 1.250 records is $1,000.
Answer:
b. marginal cost of those 50 records is $80,000.
Explanation:
The computation is shown below:
The average cost of selling 1,200 records is
= $1,200,000 ÷ 1,200
= $1,000
Now
The average total cost of selling 1,250 records is
= $1,280,000 ÷ 1,250
= $1,024
Now for the extra 50 records, the marginal cost is
= $1,280,000 - $1,200,000
= $80,000
Hence, the correct option is b.
You are starting your own small business in Albuquerque. You borrow $10,000 from the bank at a 9% rate for 5 years. What is the total amount you will pay on this loan.
Answer:
4,500
Explanation:
Use the I=PRT method to help
P=10,000 T=5 years R=9%=9/100=0.09
this is going to be your equation
I=10,000 x .09 x 5
multiply you t x r
it should now look like this,
I=10,000 x .45
now the last thing to do is just multiply them both.
you should get,
I=4500
how do you make a placement in marketing
About placement:
The process of making a product or service accessible for use or consumption by a consumer or business user, using direct means, or using indirect means with intermediaries.
Main Question:
How do you make a placement in marketing?
Answer:
Use your social media channels to reach out to industry influencers. Create awareness and interest for your products by sharing with those who may be able to do some product placement on their own channels. Prepare Press Kits.
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Heather Green usually buys Heinz Catsup because she likes its taste. But this morning her local grocery was surprisingly out of Heinz, so she decided to buy another highly advertised brand that was on sale because she really needed it for her meal that night. For Heather, Heinz has probably achieved brand:____________a. preference.b. insistence.c. nonrecognition.d. rejection.e. extinction.
Answer:
a. preference
Explanation:
As in the question it is mentioned that the heather Green normally purchased heinz Catsup as she likes the taste but she decided to purchase another brand i.e. highly advertised also it was on sale and she really needs it
So here the Heinz achieved the preference as usually she purchased the Catsup product but sh purchased another product due to high advertisement
So the preference is shifted to another product
Therefore option a is correct
hello guys my name is lonatho if u want help u can ask me any question
Explanation:
What is global warming
A bond had a price of $1,945.77 at the beginning of the year and a price of $1,977.81 at the end of the year. The bond's par value is $2,000 and its coupon rate is 4.8 percent. What was the percentage return on the bond for the year?
Answer: 6.58%
Explanation:
The percentage return on the bond for the year will be calculated thus:
= (Ending price + Interest - Initial price) / Initial price
= ($1977.81 + $96 + $1,945.77) / $1,945.77
= 0.0658
= 6.58%
Note that interest was calculated as:
= 4.8% × 2000
= 0.048 × 2000
= 96