Answer:
b) not question the adequacy of the consideration.
Explanation:
In the context, Nate was given an offer of unlimited number for a monthly phone minutes for 4.50 dollar in one month by the Mobile Minutes Company. Nate was happy by the offer and she accepted the offer. Now if any difference or any disputes arises , the court would not question the company about the adequacy of the consideration as Nate had agreed to the terms and conditions before accepting the offer.
Increased government spending for investments such as highways or harbors financed by increasing the public debt would most likely:____________
Answer:
Complement private investment
Explanation:
Increased government spending for investments such as highways or harbors financed by increasing the public debt would most likely regulate economic growth and create additional employment opportunities.
The government stimulates the economy by investments in infrastructure projects like highways and harbors, which boosts demand for goods and services. Increasing output in response to this higher demand may result in the creation of new jobs.
It's crucial to remember that the effects of higher government spending and public debt on the economy can vary depending on a number of variables, including the general state of the economy, the effectiveness of the investments, and the capacity of the government to control the debt. Investments in infrastructure that are carefully aimed at specific needs can boost employment and economic growth.
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If you purchase Swiss Frac (CHF) 50,000 of supplies from Switzerland how much will this cost in US$ today:_________
Answer: $45647.45
Explanation:
To solve the question above, first we need to note that:
1 USD = 0.912949 Swiss Francs(CHF)
Therefore, we then convert 50,000 Swiss France to United States Dollars and this will be:
= 50000 × 0.912949
= $45647.45
Sunland Company purchased a new machine on October 1, 2017, at a cost of $80,360. The company estimated that the machine has a salvage value of $7,910. The machine is expected to be used for 70,800 working hours during its 7-year life. Compute the depreciation expense under the straight-line method for 2017 and 2018, assuming a December 31 year-end. (Round answers to 2 decimal places, e.g. 5,275.25.) 2017 2018 The depreciation expense under the straight-line method
Answer:
2017 = $2,587.50
2018 = $10,350
Explanation:
The computation of the depreciation expense using the straight line method for the year 2017 and 2018 are shown below:
As we know that
The formula to compute the depreciation expense under the straight-line method is
= (Purchased Cost - salvage value) ÷ useful life
For 2017 year
= ($80,360 - $7,910) ÷ 7 year
= $10,350
For 3 months, it is
= $10,350 × 3 ÷ 12
= $2,587.50
And, for 2018, it is $10,350
Revenue from product Y is $6,000, variable costs are $4,000, and allocated fixed costs are $3,000. If you drop product Y in the long term, profit will:_____.a. increase by $2,000.b. increase by $1,000.c. decrease by $3,500.d. decrease by $100.e. decrease by $2,000.
Answer:
e. decrease by $2,000.
Explanation:
The computation of the profit is shown below:
Contribution margin = Sales revenue from product Y - variable cost
= $6,000 - $4,000
= $2,000
Since there is a contribution margin of $2,000 that absorbs the allocated fixed cost till $2,000 so in the case when the product is discontinued it falls the profit by $2,000
hence, the correct option is e.
Transformational leaders do all of the following except:__________.
a. Provide employees with challenging opportunities
b. Mentor and develop subordinates
c. Encourage people to approach problems from new perspectives
d. Exercise their authority based on their rank in the organization
Answer:
d. Exercise their authority based on their rank in the organization
Explanation:
Transformational leadership is one where the leader works with his subordinates to identify their needs, create a goal, and mentor them to achieve these goals.
Subordinates are motivated and guided to achieve personal and business success. They tend to grow in their careers as a result of the value added by the leader.
Leaders who exercise their authority based on their rank in the organisation are not transformational leaders, rather they are authoritative.
d. Exercise their authority based on their rank in the organization
Transformational leadership is where a leader create relationship with their subordinate so that he can assist them identify their needs, create a goal, and mentor them to achieve these goals.
Transformational leaders encourage people to approach problems from new perspectives, provide employees with challenging opportunities and also mentor develop subordinates.
Therefore, transformational leaders do all of the following except exercise their authority based on their rank in the organization.
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Kingbird, Inc. accounting records show the following at the year ending on December 31, 2022.
Purchase Discounts $11900
Freight-in 16900
Purchases 705020
Beginning Inventory 41000
Ending Inventory 47600
Purchase Returns and
Allowances 13100
Using the periodic system, the cost of goods sold is:______.
a. $359,510.
b. $351,110.
c. $348,910.
d. $340,510.
Answer:
the cost of goods sold under the periodic system is $690,320
Explanation:
The computation of the cost of goods sold under the periodic system is as follows:
Cost of goods sold = Beginning inventory + Purchases - Purchases discount - Purchase return and allowance + Freight in - Ending inventory
= $41,000 + $705,020 - $11,900 - $13,100 + $16,900 - $47,600
= $690,320
Hence, the cost of goods sold under the periodic system is $690,320
This is the answer but the same is not provided in the given options
Andrew sold IBM stock to his sister Susan for $6,000. Andrew purchased the stock two years ago for $8,000. Susan sold the stock through her broker for $7,300. How much gain or loss did Susan recognize on the sale?
a. $700 loss
b. No gain or loss
c. $1,300 gain
Answer:
c. $1,300 gain
Explanation:
In this scenario, Susan recognized a $1,300 gain on this sale. This is because Susan originally purchased the stock for a total price of $6,000. When she sold the stock, she sold it for a higher price than what she originally paid for it therefore recognizing a gain. To calculate this gain we simply subtract her initial purchase price from her selling price of the stock which would give us a $1,300 gain.
$7,300 - $6,000 = $1,300
In each succeeding payment on an installment note:
a. The amount that goes to interest expense increases.
b. The amount that goes to interest expense decreases.
c. The amount that goes to interest expense is unchanged.
d. The amounts paid for both interest and principal increase proportionately.
Answer:
In each succeeding payment on an installment note:
b. The amount that goes to interest expense decreases.
Explanation:
With each installment settled, the principal amount will continue to reduce and as a result, the amount that will be recognized as interest expense will also decrease. This is because the interest expense is calculated based on the principal amount, which is decreasing with each installment. The interest expense for a previous period will not be the same for the future period.
In central Florida, the demand for real estate has been increasing rapidly for years. Therefore, the _____ cost of capital is _____ in central Florida's orange groves.a) implicit;decreasingb) explicit;increasingc) implicit;increasingd) explicit;decreasing
Answer:
c) implicit; increasing
Explanation:
Implicit cost may be defined as the cost that has already been occurred in the past but is not necessarily being shown or being reported as some separate expense. It is known by different names like the implied cost, imputed cost, etc. Implicit is something that is not said or mentioned clearly but is implied or suggested.
In the context, the demand for the real estate has increased rapidly in the recent years. Thus we can conclude that the implicit cost of the capital of people has increased in the orange groves of Central Florid.
Suppose your company has an option that gives them the right to sell $1 for 5 Reals in 3 months, what would you recommend your company do with the option?
A- Do not use the option but sell coffee in Brazil
B- Throw the option aways as it is not useful
C- Do not use the option but buy coffee in Brazil
D- Use the option and buy coffee in Brazil
E- Use the option and sell coffee in Brazil
Answer:
E- Use the option and sell coffee in Brazil
Explanation:
Real is the currency of the country Brazil.
In the context, it is said that, the exchange rate of the one dollar is five Brazilian reals in three months. Therefore I would recommend the company to sell the coffee in Brazil because they have a higher rate of exchange and this will help to earn more profit.
Therefore, I would recommend to use the option and would sell coffee in Brazil.
The Dodd Corporation, has 100,000 shares of common stock owned by its founder. Dodd owes $1,300,000 to its bank. Dodd has 11,400 customers. If the average ratio of total entity value to customers is $500 for a group of comparable public companies, what is its estimated stock value on a per share basis?
Answer:
$44 per share
Explanation:
The computation of the estimated stock value on a per share basis is shown below:
Total entity value is
= Total customer × average ratio
= 11,400 customers × $500
= $5,700,000
The value to the shareholder is
= Total value of the entity - debt
= $5,700,000 - $1,300,000
= $4,400,000
Now the estimated stock value on a per share basis is
= Value to the shareholder ÷ common stock shares
= $4,400,000 ÷ 100,000 shares
= $44 per share
Many people know the brand name BMW when thinking about automobile choices. This, or any, widely recognized brand name is a source of:________
a. A cost competitive advantage
b. Market augmentation
c. A product/service differentiation competitive advantage
d. A niche competitive advantage
Answer:
c. A niche competitive advantage
Explanation:
Note, the term niche is often synonymous with the term target market In other words, any widely recognized brand name like BMW has a niche competitive advantage, like been a luxury car, etc.
By niche, we mean when people think about a BMW they remember it's for the high-class persons, who fancy luxury cars, and there is this competitive advantage that arises as people long to get this high-class product.
The ________ is composed of department heads from both end-user and information systems areas.
a. project team
b. project management group
c. corporate strategic planning committee
d. IS steering committee system
e. planning committee
Answer:
d. IS steering committee system
Explanation:
The IS steering committee system is composed of department heads from both end-user and information systems areas.
A firm has a debt-to-equity ratio of 1/4. The WACC is 18.6%, and the pretax cost of debt is 9.4%. What is the cost of common equity if the tax rate is 21%?
Answer:
The cost of common equity is 22.32%.
Explanation:
This can be calculated using the weighted average cost of capital (WACC) formula as follows:
WACC = (WS * CE) + (WD * CD * (1 - T)) ……………… (1)
Where;
WACC = Weighted average cost of capital = 18.6%, or 0.186
WS = Weight of Market value of common shares outstanding = 1 - WD = 1 - 0.25 = 0.75
WD = Weight of debt = Debt-to-equity ratio = 1/4 = 0.25
CE = cost of common equity = ?
CD = Pretax cost of debt = 9.4%, or 0.094
T = Tax rate = 21%, or 0.21
Substituting the values into equation (1) and solve for CE, we have:
0.186 = (0.75 * CE) + (0.25 * 0.094 * (1 - 0.21))
0.186 = (0.75 * CE) + 0.018565
0.75 * CE = 0.186 - 0.018565
0.75 * CE = 0.167435
CE = 0.167435 / 0.75
CE = 0.223246666666667, or 22.3246666666667%
Rounding to two decimal places, we have:
CE = 22.32%
Therefore, the cost of common equity is 22.32%.
Use context clues to explain the meaning of the word interdependence in your own words.
What is one of the main economic benefits of free trade?
A. It reduces competition between businesses in different countries.
B. It encourages countries to specialize in producing particular
goods.
c. It ensures that all countries follow strict worker protection laws.
D. It allows countries to become more economically independent.
Answer: It encourages countries to specialize in producing particular goods
The correct option is D). It allows countries to become more economically independent.
What is free trade?Free trade refers to the international trade in which countries can import and export goods without any tariff barriers or other non-tariff barriers to trade.
It open new markets, increase gross domestic product (GDP), and invite new investments which directly led to the economic development of a country.
Free trade increased exports and provide great number of choice of goods as well.
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Stock X has a standard deviation of return of 10%. Stock Y has a standard deviation of return of 20%. The correlation coefficient between stocks is 0.5. If you invest 60% of the funds in stock X and 40% in stock Y, what is the standard deviation of the portfolio?A. 10%B. 20%C. 1.48%D. 12.20%
Answer:
D. 12.20%
Explanation:
Stock X Weight = 0.60
Stock Y Weight = 0.40
sdX = 10%
sdY = 20%
Portfolio Variance = w2X*sd2(X) + w2X*sd2(Y) + 2*(wX)*(wY)*Cov(X, Y)
Where: wX and wY are portfolio weights, sd2(X) and sd2(Y) are variances and
Cov(X, Y) is the covariance
Correlation = 0.5
Cov(X, Y) = Correlation * sd(X) * sd(Y)
= 0.50 * 0.10 * 0.20
= 0.01
Portfolio Variance = 0.60^2 * 0.10^2 + 0.40^2 * 0.20^2 + 2 * 0.60 * 0.40 * 0.01
Portfolio Variance = 0.0036 + 0.0064 + 0.0048
Portfolio Variance = 0.0148
sd(P) = √Variance = 0.121655 = 12.20%
The correct option is D.
The standard deviation of the portfolio is 12.20%.
The calculation is as follows:SD of Portfolio = Sqrt of (Wx^2 × SDx^2 + Wy^2 × SDy^2 + 2 × Wx × Wy ×SDx × SDy × correlation)
= Sqrt of (0.60^2 × 0.10^2 + 0.40^2 × 0.20^2 + 2 × 0.60 × 0.40 × 0.10 × 0.20 × 0.50)
= Sqrt of (0.0036 + 0.0064 + 0.0048)
= Sqrt of (0.0148)
= 12.2%
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The following information was used in reconciling the bank account for Minerva Company on October 31: Balance per bank, October 31 $36,640 Insufficient funds check 1,400 Outstanding checks 1,800 Utility bill paid by bank 1,240 Check printing charge 80 Deposits in transit 2,440 Balance per books, October 31 40,000 Calculate the Adjusted Book Balance on October 31.A $37.280.B. $37.680.C. $36.080.D. $33,440.
Answer: A $37.280.
Explanation:
Adjusted book balance will include those transactions made or charged by the bank for/to the company so will include;
= Balance per books - Insufficient funds check - Utility bill paid by bank - Check printing charge
= 40,000 - 1,400 - 1,240 - 80
= $37,280
Campers Unlimited sells 15 campers in their slow months and 35 campers in their busy months. If Campers Unlimited wanted to develop a flexible budget, what interval should they use between each activity index?
A : 15 units
B : 5 units
C : 1 unit
D : 20 units
The Patient Protection and Affordable Care Act subsidizes parts of the insurance industry in an attempt to lower insurance and health care costs.
O True
False
Answer:
the answer is true
Explanation:
Each state can set its own minimum hourly wage. true or false
The sales level that results in a project's net income exactly equaling zero is called the _____ break-even.
A) operational
B) leveraged
C) accounting
D) cash
E) present value
Answer:
i think it c
Explanation:
Bank A has $25,500 in required reserves. The required reserve ratio is 10 percent. Bank A has total deposits of:_________.
Answer:
bank a total deposit is 2550
If the total standard variable cost for one unit of finished product is $78, then the standard price per foot for direct materials is:
Answer:
D. $4
Explanation:
Note: The full question is attached as picture below
Particulars Amount
Direct Labor cost $18.00
(1.5*12)
Variable Manufacturing overhead $12.00
(1.5 * 8)
Standard variable cost excl direct $30.00
material cost ($18 +$12)
Standard variable cost including $78.00
direct material cost
Direct material cost = $78 - $30 = $48.00
Standard price per foot = $48/12 = $4
ImBev, the maker of Budweiser Beer, has hired a DESB marketing class to research this question: How are beer sales affected by the Super Bowl and March Madness? The class determines that the most likely segmentation variable in this study will be ___________. a) buying situationb) behavioristic/benefitsc) geographicd) socioeconomice) psychographic
Answer:
b) behavioristic /benefits
Explanation:
The behavioral variable of the segmentation that is being used by the company to research at the hand. Because March Madness and Super Bowl are events that help develop the behavioral characteristics of the fans who watches the match when the teams is playing. To draw more benefits or to enjoy people watching the matches prefer to take bear. So this is a behavior of the people towards the March Madness as well as Super Bowl which influences the behavioral variable of the people to buy a beer.
An American student buys an airline ticket on the Royal Dutch Airlines, KLM. This enters the U.S. balance of payments accounts as a:_____.A. Credit in the financial account. B. Credit in the current account. C. Debit in the financial account. D. Debit in the current account.
Answer:
a
Explanation:
how to make the best of it and I will be there at last minute but I am not sure if I can make it to the meeting tonight but I will be there at last minute.
An American student buys an airline ticket on the Royal Dutch Airlines, KLM. This enters the U.S. balance of payments accounts as (A). Credit in the financial account.
So here is the explanationNow let's understand the man, for example, let's give an example. Now, let's say you have his business owners, Mr. A and Mr. J. Who is Mr. Kay, the customer that Mr. A sells? From now on $ 100 OK Mr. J is Mr. A's trusted customer. Mr. J told Mr. Al that he would pay within two months of the three months.
Expense reports are ok. You have now identified three accounts. However, understanding this example is very questionable to arrive at a solution.
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Activity rates from Mcelderry Corporation's activity-based costing system are listed below. The company uses the activity rates to assign overhead cost to products:
Processing customer orders $49.87 per order
Assembling products $2.88 per assembly hour
Setting up batches $18.26 per batch
Last year, Product Q06J involved 10 customer orders, 580 assembly hours, and 12 batches. How much overhead cost would be assigned to Product Q06J using the activity-based costing system?
a) 42,748.02
b) 2,388.22
c) 219.12
d) 71.01
Answer:
b) 2,388.22
Explanation:
Activity Cost Pool Activity Rates Activity Overhead cost
Processing customer 49.87 per order 10 498.7
orders
Assembling products 2.88 per assembly hour 580 1670.4
Setting up batches 18.26 per batch 12 219.12
Total Overhead cost assigned 2,388.22
Asking again bc no one answered the first time
20 points
Karl purchased a second, larger home in which to live. He has
decided to rent his first home out for $1,500 a month. His
mortgage on the first home is $1,250. Is this an example of
passive income?
A) No B) Yes
Answer:
i think it's no bc passive income is when you earn money by doing little work possible and it seems that he is spending his money on mortgage . i could be wrong buh i'm pretty sure it's no
On December 28, 2021, Tristar Communications sold 10 units of its new satellite uplink system to various customers for $25,000 each. The terms of each sale were 1/10, n/30. Tristar uses the net method to account for sales discounts.In what year will income before tax be affected by discounts, assuming that all customers paid the net-of-discount amount on January 6, 2022?
Answer:
The income before tax will be affected by discounts in 2021.
Explanation:
The terms 1/10, n/30 imply that payment made within 10 days will enjoy 1% discount while full payment has to be made within 30 days if the payment was not made within 10 days.
Since it is assumed in the question that all customers paid the net-of-discount amount on January 6, 2022, that means they all paid within 10 days and enjoyed 1% discount. The anticipated discount allowed is calculated as follows:
Anticipated discount allowed = 1% * ($25,000 * 10) = 1% * $250,000 = $2,500
Since the sales was made on December 28, 2021, the anticipated discount allowed will reduce the 2021 income before tax by $2,500.
This is based on the Matching Concept which states that revenues and their related expenses must be recognized in the accounting period.
Therefore, the income before tax will be affected by discounts in 2021.
Mr. Roy is a sincere and hardworking person who does his job quietly and does not like to argue much. He prefers to write notes and send written messages instead of face-to-face interaction. He is being given the responsibility of leading a team to handle a prestigious project. But before that he has to get the project approved by the board of directors. Can you suggest what style of communication he should use to make it a success?
Answer:
Assertive Communication Style
Explanation:
The best communication style for Mr. Roy in this scenario would be an Assertive Communication Style. This style would allow Roy to properly and efficiently explain to the board of directors the various details and benefits of the project in order for it to get approved. Since Mr. Roy does not like face-to-face interactions this would be the best style since, when written, this style is displayed as professional and to the point as opposed to other styles such as an aggressive or manipulative style which comes off as angry or demanding and can jeopardize the presentation.