The following information was taken from the segmented income statement of Restin, Inc., and the company's three divisions: Restin, Inc. Los Angeles Division Bay Area Division Central Valley Division Revenues $ 750,000 $ 200,000 $ 235,000 $ 325,000 Variable operating expenses 410,000 110,000 120,000 180,000 Controllable fixed expenses 210,000 65,000 75,000 70,000 Noncontrollable fixed expenses 60,000 15,000 20,000 25,000 In addition, the company incurred common fixed costs of $18,000. Assume that the Los Angeles division increases its promotion expense, a controllable fixed cost, by $10,000. As a result, revenues increased by $50,000. If variable expenses are tied directly to revenues, the new Los Angeles segment profit margin is:
Answer:
$112,500
Explanation:
With regards to the above information, we would compute first the Los Angeles division revenue.
Contribution margin
= Loss Angeles division revenues - Variable operating expenses
Los Angeles division revenues
= $200,000 + $50,000
= $250,000
Variable operating expenses
= ($110,000 × $250,000) / $200,000
= $137,500
Therefore,
Contribution margin
= $250,000 - $137,500
= $112,500
It means that if variable expenses are tied directly to revenues, the new Los Angeles profit margin would be $112,500
Short Answer: A marketing specialist needed to find a new way of marketing the company's main product to its potential clients. While watching a movie one evening, the marketing specialist saw a scene that gave her some novel thoughts for a new marketing plan. According to the creative process model, which is the stage in the creative process, which is the stage before this, and which is the stage after this
Answer: The stage in the creative process is the evaluation stage.
The stage before this is the Illumination stage.
The stage after this is the verification stage.
Explanation:
The creative process is simply about how ideas evolve to its final stage through through the way we think and our actions. For one to do this, the individual must possess problem-solving skills and be able to think critically. The stages involved are:
1. Preparation
2. Incubation
3. Illumination
4. Evaluation
5. Verification.
Based on the question, the marketing specialist is in the evaluation stage.
The stage before this is the Illumination stage and the stage after this is the verification stage.
In the illumination stage, new connections are being formed and the individual gets answer to his or her creative quest.
The verification stage is the final stage and this is when the creative process becomes a reality and the idea is then shared.
Several lawsuits were filed against General Motors as accidents and deaths were linked to the discovery that several of the company's automobiles had faulty ignition switches. This led to engines shutting off while individuals were driving, airbags not inflating, and power steering and brakes being disabled. Which of the following types of claims is this an example of?
a. Bankruptcy
b. Contract
c. Tort
d. Property
e. Debt collection
Answer:
Option C: Tort
Explanation:
Tort is simply defined as a breach of some obligation, thereby leading to harm or injury to someone. It is a civil wrong, such as negligence or libel.
Negligence or the act of failure to exercise a reasonable amount of care by companies in either doing or not doing something, resulting in harm or injury to another person can cause damages and harm. And with negligence on part of service provider in view or discovered, affected victims or people can sue under the torts law.
In cases regarding torts, a defendant is definitely and legally responsible for harm to the plaintiff that could have been reasonably noticed or anticipated that is foreseen, arising from the defendant's actions.
Which of the following is NOT correct about causal regression analysis of the form Y = f(X)? A. Selection of the appropriate causal variable Y is important. B. All of the options are correct. C. Selection of the appropriate causal variable X is important. D. Use of past experience to identify X is common. E. Use of economic theory to identify X is common.
Answer:
A. Selection of the appropriate causal variable Y is important
Explanation:
We have this function, Y = f(X).
From this function we can see that Y is dependent on X. That is, it is a function of X. Y is not a causal variable. A causal variable is a variable that is able to influence the variable of interest. From this question Y is the variable of interest. It is the dependent variable. The independent variable is X and it is the causal variable.
Therefore the incorrect one is Selection of the appropriate causal variable Y is important
Record the following transactions on the books of Sheridan Co. (Omit cost of goods sold entries.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) (a) On July 1, Sheridan Co. sold merchandise on account to Stacey Inc. for $21,540, terms 4/10, n/30. (b) On July 8, Stacey Inc. returned merchandise worth $2,540 to Sheridan Co. (c) On July 11, Stacey Inc. paid for the merchandise.
Answer:
A. Jul-01
Dr Stacey Inc. 21540
Cr Sales 2154
B. Jul-08
Dr Sales Returns 2540
Cr Stacey Inc A/c 2540
C. Jul-11
Dr Cash 18240
Dr Discount 760
Cr Stacey Inc 19000
Explanation:
Preparation of the journal entries to Record the transactions on the books of Sheridan Co
A. Jul-01
Dr Stacey Inc. 21540
Cr Sales 21540
(Being Goods sold to stacey inc )
B. Jul-08
Dr Sales Returns 2540
Cr Stacey Inc A/c 2540
(Being returned the merchandise)
C. Jul-11
Dr Cash 18240
Dr Discount 760
(4%*19,000)
Cr Stacey Inc 19000
($21,540-2540)
(Being amount settled with in 10 days and discount given 4%)
How did the Internet help give rise to the “sharing economy?”
By the means of internet apps that rent directly to consumers or connect consumer peer to peer access. For an example eBay was one of the first enablers of the sharing economy since it provided a global marketing where anyone could purchase or sell goods.
Miscavage Corporation has two divisions: the Beta Division and the Alpha Division. The Beta Division has sales of $285,000, variable expenses of $147,600, and traceable fixed expenses of $68,800. The Alpha Division has sales of $595,000, variable expenses of $329,800, and traceable fixed expenses of $129,500. The total amount of common fixed expenses not traceable to the individual divisions is $130,200. What is the company's net operating income
Answer:
$880,000 is the net operating income
Illustration 2
The list of balance was extracted from the books of Dangme West District Assembly
December, 2018
GH.000
Bank
53.000
Petty cashier
2.000
Property rate
20.000
Penalties received-
-3,000
Licenses
22.500
Inventory
-15,000 P
Building and Structure
32,500
Basic rate
-12,400
Timber Merchants License
13.650
Fines
-9.700
Water rates
-4,500
Market fees
1,320
Sundry revenue
48.225
Work-In-Progress
48.500
Repairs to market facilities
3,600
Parks and recreational costs
7,500
Wages and Salaries
4.900
Remuneration to Assembly Members
11.250
Plant and Equipment purchased-
3,500
Interest on investment
2,780
Administration costs
7,770
Other recurrent expenditure
1.600
Trade earnings
6,000
Receipts from central government
45.780
Sundry expenses
-11,120
Investment - fixed deposits
+4.000
Staff and other advances--
-22.200
Creditors
-2.479
Loans given
35,460
208
5300vthe long-run framework.
the long-run framework.
the long-run framework.
the long-run framework.
v
watch the video " the best stats youve ever seen " then answer the questions.
Answer:
the evonimy did thi sna s ithat
Explanation:
The battery packs used in electric and hybrid automobiles are one of the largest cost components for manufacturing these cars. As the price of these batteries decline, we expect that the: demand curve for electric and hybrid autos will shift rightward. demand curve for electric and hybrid autos will shift leftward. supply curve for electric and hybrid autos will shift rightward. supply curve for electric and hybrid autos will shift leftward.
Answer:
supply curve for electric and hybrid autos will shift rightward.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.
In order to understand both short-run economic fluctuations and how the economy move from short to long run, we need the aggregate supply and aggregate demand model.
In this scenario, the battery packs used in electric and hybrid automobiles are one of the largest cost components for manufacturing these cars. As the price of these batteries decline, we expect that the supply curve for electric and hybrid autos will shift rightward i.e it would increase.
In the short-run, a rightward shift in the aggregate supply (AS) curve causes output to increase and result in a price fall (lower price).
Knowledge Check 01 Messing Company has an agreement with a third-party credit card company, which calls for cash to be received immediately upon deposit of customers' credit card sales receipts. The credit card company receives 3.5 percent of card sales as its fee. Messing has $4,000 in credit card sales on January 1. Prepare the January 1 journal entry for Messing Company by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
Answer:
Messing Company
Journal Entry:
January 1:
Debit Cash $3,860
Debit Credit Card Expense $140
Credit Sales Revenue $4,000
To record the cash receipt and card expense for the card sales.
Explanation:
a) Data and Calculations:
Credit card commission = 3.5% of card sales
Credit card sales on January 1 = $4,000
Credit card fees = $140 ($4,000 * 3.5%) Cash received $3,860
Cash $3,860 Credit Card Expense $140 Sales Revenue $4,000
Your sister is thinking about starting a new business. The company would require $425,000 of assets, and it would be financed entirely with common stock. She will go forward only if she thinks the firm can provide a 13.5% return on the invested capital, which means that the firm must have an ROE of 13.5%. How much net income must be expected to warrant starting the business?
Answer:
Net income = $133,875
Explanation:
The amount of net income that must be earned to proceed with the investment is that which produces a return on equity of 13.5%
Return on equity is the proportion of the equity investment that is earned as net income. It is computed as follows:
Return on equity (ROE) = net income /equity capital
Equity capital in this case is the same as the total asset value of 425,000 because the assets were financed entirely with common stock.
We substitute the values as follows:
13.5% = Net income/425,00
Cross multiply
Net income = 0.135 × 425,000 = $133,875
Net income = $133,875
Pension data for Millington Enterprises include the following: ($ in millions) Discount rate, 10% Projected benefit obligation, January 1 $ 350 Projected benefit obligation, December 31 540 Accumulated benefit obligation, January 1 375 Accumulated benefit obligation, December 31 490 Cash contributions to pension fund, December 31 225 Benefit payments to retirees, December 31 69 Required: Assuming no change in actuarial assumptions and estimates, determine the service cost component of pension expense for the year ended December 31.Service cost?JDS Foods’ projected benefit obligation, accumulated benefit obligation, and plan assets were $80 million, $70 million, and $56 million, respectively, at the end of the year.What, if any, pension liability must be reported in the balance sheet?What would JDS report if the plan assets were $100 million instead?
Answer:
1. Service cost $294 million
2. Net Pension Liabiltiy $24 million
Net pension Assets $20 million
Explanation:
1. Calculation to determine the service cost component of pension expense for the year ended December 31
SERVICE COST ($ in millions)
Projected benefit obligation, December 31 540
Less Projected benefit obligation, January 1 ($350)
Less Interest Cost ($35)
(10%*$350)
Add Benefit payments to retirees, December 31 $69
Service cost $294
($540 - $350 - $35 + $69)
Therefore the service cost component of pension expense for the year ended December 31 will be $294
2. Calculation to determine pension liability that must be reported in the balance sheet using this formula
Pension Liabiltiy=Projected benefit obligation-Plan Assets
Let plug in the formula
Net Pension Liabiltiy=$80 million-$56 million
Pension Liabiltiy=$24 million
Therefore The pension liability that must be reported in the balance sheet will be $24 million
Calculation to determine What would JDS report if the plan assets were $100 million instead
Using this formula
Net pension Assets=Plan Assets-Projected benefit obligation
Let plug in the formula
Net pension Assets=$100 million instead-$80 million
Net pension Assets=$20 million
Therefore What would JDS report if the plan assets were $100 million instead is $20 million
Stuart Corporation estimated its overhead costs would be $23,200 per month except for January when it pays the $153,540 annual insurance premium on the manufacturing facility. Accordingly, the January overhead costs were expected to be $176,740 ($153,540 + $23,200). The company expected to use 7,300 direct labor hours per month except during July, August, and September when the company expected 9,400 hours of direct labor each month to build inventories for high demand that normally occurs during the Christmas season. The company’s actual direct labor hours were the same as the estimated hours. The company made 3,650 units of product in each month except July, August, and September, in which it produced 4,700 units each month. Direct labor costs were $23.60 per unit, and direct materials costs were $10.80 per unit.
Required:
a. Calculate a predetermined overhead rate based on direct labor hours.
b. Determine the total allocated overhead cost for January, March, and August.
c. Determine the cost per unit of product for January, March, and August.
d. Determine the selling price for the product, assuming that the company desires to earn a gross margin of $21.50 per unit.
Answer:
Results are below.
Explanation:
To calculate the predetermined manufacturing overhead rate we need to use the following formula:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
First, we need to calculate the annual estimated overhead and the annual estimated direct labor hours:
Total estimated overhead costs for the period= (23,200*12) + 153,540
Total estimated overhead costs for the period= $431,940
Total direct labor hours= (7,300*9) + (9,400*3)= 93,900
Predetermined manufacturing overhead rate= 431,940 / 93,900
Predetermined manufacturing overhead rate= $4.6 per direct labor hour
To allocate overhead, we need to use the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
January:
Allocated MOH= 4.6*7,300= $33,580
March:
Allocated MOH= 4.6*7,300= $33,580
August:
Allocated MOH= 4.6*9,400= $43,240
Now, we can calculate the unitary cost:
January:
Unitary cost= (33,580/3,650) + 23.6 + 10.8
Unitary cost=$43.6
March:
Unitary cost= (33,580/3,650) + 23.6 + 10.8
Unitary cost=$43.6
August:
Unitary cost= (43,240/4,700) + 23.6 + 10.8
Unitary cost=$43.6
Finally, the selling price per unit:
Selling price= 43.6 + 21.5
Selling price= $65.1
Mazie Supply Co. uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $76,000, and it estimates that 3% will be uncollectible. Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has: (a) a $1,292 credit balance before the adjustment. (b) a $380 debit balance before the adjustment.
Answer:
(a) Dr Bad debts expense $988
Cr Allowance for doubtful accounts $988
(b) Dr Bad debts expense $2,660
Cr Allowance for doubtful accounts $2,660
Explanation:
Preparation of the year-end adjusting entry to record bad debts Expense
(a) Dr Bad debts expense $988
Cr Allowance for doubtful accounts $988
[(3%*$76,000)-$1,292]
(Being to record credit balance before the adjustment)
(b) Dr Bad debts expense $2,660
Cr Allowance for doubtful accounts $2,660
[(3%*$76,000)+$380]
(Being to record debit balance before the adjustment)
watch the video " the best stats youve ever seen " then answer the questions.
“Bubbly Burst, the healthy fun chew.” This was the popular promotion for the leading chewing gum on the market. The parent company for the item, Confectionary Plus, had incorporated a variety of promotional tools to build brand awareness over the years. Besides its range of exotic flavors, the company boasted the reduced sugar content of its products. The company also often included in its ads that “sharp” persons consumed the gum when they needed a healthy boost. The ads were also tailored to appeal to kids with similar messages and was well distributed in schools and vending machines. After three years of such promotion, the product was now a regular staple in the lunch bag of kids as well as in the pockets of most adults.
The success was largely due to the leadership of Peter Hinds, CEO of Confectionary Plus. Hinds was the brainchild behind the marketing and advertising thrusts. Company shareholders were well pleased with his overall results. Behind the scenes though there was a lot going on in the company. While the product did indeed have a reduced sugar content, the artificial sweetener used in the gum had been found to have potentially carcinogenic properties. While there was no conclusive proof of the danger of the product, the company had not approved full evaluation of the ingredient. Besides the potential consumer impact of the sweetener, there were also concerns by Chief Food Technologist, Dr. Marie Mohit that the addition of the ingredient in the production process resulted in a chemical reaction which often affected the respiratory system of a number of workers.
These issues did reach the ears of Hinds who was quite worker oriented. He engaged Dr. Mohit to undertake research on the issue. Generally, workers were not aware of the potential harm. They simply assumed that the respiratory issues were largely due to the general prevalence of “savanna dust” in the environment. Mohit was reluctant to directly research the issue since she had recently discovered that she was pregnant and felt that the material could negatively affect her unborn fetus. She therefore preferred to contract an external party to undertake the research. However, Hinds was adamant that involving an external party would potentially make the issue public and create challenges for the company. For now, he proposed that the workers could be provided with some surgical masks but not be advised of the danger.
The decision of the CEO on the testing issue did not sit well with Mohit. She outright felt that she should not put herself in potential harm. For some time she considered her options and eventually determined that her best option would be to go above the CEO to the company Chairman, Mr. Dan Blake. Blake was often a visitor to various departments but never directly engaged staff on work activity. Nonetheless, he was seen as friendly and would pay compliments to staff as he passed by. Mohit decided that she would engage Blake one afternoon in the car park.
In raising the issue with Blake, she provided documentation on the situation and was confident of getting a positive result. Mohit was pleased when Blake indicated that he would seriously consider the comments and suggestions. However, when he indicated that her proposal may be better considered over an evening of dinner and drinks, she became appalled. Mohit indicated that she would be unable to acquiesce, to which Blake calmly advised that she may have to therefore be prepared to do her job. Mohit made another attempt the next week and received a similar reaction. This time, Blake reminded Mohit that she should consider that her contract was up for renewal later in the year and her lack of ‘social skills’ may be a determinant in the renewal. Mohit felt that she had exhausted her options and the company seemed to have no other mechanism to address the two challenges that were now before her.
As Mohit sat at her desk one evening, she received an email from a reporter at the Daily Protector, a major national newspaper. The reporter indicated that there was an interest in speaking to her on some product issues. On reading the email, she began to wonder whether this email was another option for her to have the issues addressed.
QUESTIONS
1. a) Based on the case, are there any potentially ‘harmful’ effects of the advertising done by ‘Bubbly’?
b) Discuss the subject of the harmful nature of advertising and include other examples from the media to support your response.
Sean and Yvette Durand live in Swarthmore, PA. Yvette's father, Bob, lives in Sweden. For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP as part of consumption (C), investment (I), government purchases (G), exports (X), or imports (M). Check all that apply.
a. Yvette's father in Sweden orders a bottle of Vermont maple syrup from the producer's website.
b. Sean buys a sweater made in Guatemala.
c. The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore.
d. Sean's employer upgrades all of its computer systems using U.S.-made parts.
e. Yvette gets a new refrigerator made in the United States.
Answer:
Any help
Explanation:
I need acndndndndndndmdndbdbzjdjdbdbddjwbbsbxbxbxbxbdhdbdb
Suppose that Cathy spends all of her income on 20 units of good X and 25 units of good Y. Cathy's marginal utility from the 20th unit of good X is 9 utils, and her marginal utility from the 25th unit of good Y is 19 utils. If the price of good X is $0.50 per unit and the price of good Y is $1.00 per unit, then to comply with the rational spending rule, Cathy should:
Answer: Cathy should therefore purchase less than 20 units of good X and more than 25 units of good Y to reach the optimal bundle.
Explanation:
By the rational spending rule, the optimal bundle will be at a quantity where the following is satisfied:
MUx/ MUy = Px / Py
Marginal utility of X / Marginal Utility of Y = Price of X / Price of Y
MUx/ MUy = 9 / 19 = 0.47368
Px / Py = 0.5/1 = 0.5
There is a mismatch as Px/Py is greater than MUx/ MUy.
Marginal utility of X would have to increase and Marginal Utility of Y would have to decrease to get to the optimal bundle.
Marginal utility increases when consumption decreases and vice versa.
Cathy should therefore purchase less than 20 units of good X and more than 25 units of good Y to reach the optimal bundle.
Red Oak Inc., a furniture manufacturing company, manufactures furniture only when an order is received. It coordinates and integrates the activities of its suppliers, designers, and carpenters to ensure an efficient production cycle. This enables Red Oak Inc. to deliver the products to customers within five working days. This is an example of _______ management.
Answer:
Supply Chain
Explanation:
Supply chain management can be regarded as management of processes involving transformation of goods and services from raw materials into final desired products as well as their flow. Supply chain management deals with active streamlining of business activities of supply-side so that customers values can be maximized and competitive advantage can be gained in market
Suppose the following information was taken from the 2022 financial statements of FedEx Corporation, a major global transportation/delivery company. (in millions) 2022 2021 Accounts receivable (gross) $ 3,740 $ 4,610 Accounts receivable (net) 3,400 4,350 Allowance for doubtful accounts 340 260 Sales revenue 33,325 35,825 Total current assets 7,170 7,292 Answer each of the following questions. (a) Calculate the accounts receivable turnover and the average collection period for 2022 for FedEx. (Round answers to 1 decimal place, e.g. 12.5. Use 365 days for calculation.) Accounts receivable turnover enter the accounts receivable turnover in times rounded to 1 decimal place times The average collection period for 2022
Answer:
Accounts Receivable Turnover 8.6 times
Average collections period 42.44 days
Explanation:
A. Calculation to determine the average collection period for 2022 using this formula
Accounts Receivable Turnover = Sales/Average accounts receivables
Let plug in the formula
Accounts Receivable Turnover = 33,325 /[(3,400+4350)/2]
Accounts Receivable Turnover =33,325/(7,750/2)
Accounts Receivable Turnover =33,325/3875
Accounts Receivable Turnover = 8.6 times
Therefore the Accounts Receivable Turnover will be 8.6 times
B. Calculation to determine the Average collections period using this formula
Average collections period = 365/Accounts Receivable Turnover
Let plug in the formula
Average collections period= 365/8.6
Average collections period= 42.44 days
Therefore The Average collections period will be 42.44 days
Jenna has been working at Firenzi Entertainment Group for the past 3 years as a location scout. One of Jenna's chief responsibilities is to travel with a team of 5 people to international locations to try to find potential sets for films. Jenna also has a legal background and previous experience working as an entertainment agent. She is the only one on her team with this experience. Therefore, Jenna's secondary role is writing the license deal and various contracts once the location has been found. Eighty percent of her job can be sitting at a desk writing the agreements and negotiating deals over the phone. In the past year Jenna has been suffering from migraines which trigger vertigo and dizziness. She has been told by two doctors not to travel because the plane compression will make the migraines worse. Jenna brings the proper medical paperwork and lets her boss know she won't be able to travel. Her boss says that is a requirement of the job and if she can't travel then she can no longer perform her role and would be terminated. Jenna would like some advice from you whether the American With Disabilities Act will protect her. 1) What are the relevant rules under the ADA that pertain here
Answer:
One Of Jenna's Chief Responsibilities Is To Travel With A Team Of 5 People To International Locations To Try To Find Potential Sets For Films. Jenna Also Has A Legal Background And Previous Experience Working As An ... Jenna has been working at Firenzi Entertainment Group for the past 3 years as a location scout.
One year ago, the Jenkins Family Fun Center deposited $5,200 into an investment account for the purpose of buying new equipment four years from today. Today, they are adding another $7,000 to this account. They plan on making a final deposit of $9,200 to the account next year. How much will be available when they are ready to buy the equipment, assuming they earn a rate of return of 6 percent?
Answer:
The amount that will be available when they are ready to buy the equipment is $27,410.90.
Explanation:
This can be calculated as follows:
Future value = Present value * (100% + rate of return)^number of years the money is in deposit …….. (1)
Using equation (1), we have:
Future value of the amount deposited last year = $5,200 * (100% + 6%)^5 = $6,958.77
Future value of the amount deposited today = $7,000 * (100% + 6%)^4 = $8,837.34
Future value of the amount to be deposited next year = $9,200 * (100% + 6%)^4 = $11,614.79
Amount that will be available = Future value of the amount deposited last year + Future value of the amount deposited today + Future value of the amount to be deposited next year = $6,958.77 + $8,837.34 + $11,614.79 = $27,410.90
the Hsu Manufacturing Company has two service departments: Maintenance and Accounting. The Maintenance Department's costs of $300,000 are allocated on the basis of machine hours. The Accounting Department's costs of $120,000 are allocated on the basis of the number of employees within a specific department. The direct departmental costs for A and B are $300,000 and $500,000, respectively. Maint Acctg A B Machine hours 480 20 2,300 200 Number of employees 2 2 8 4What is the Accounting Department's cost allocated to Department B using the direct method
Answer:
$34,286
Explanation:
Step 1
Total number of employees :
Maintenance 2
Department A 8
Department B 4
Total 14
Step 2
Allocation to Department B :
Department B = 4 / 14 x $120,000
= $34,286
Conclusion :
Accounting Department's cost allocated to Department B using the direct method is $34,286
The marketing decision and research problem should be defined clearly so that a. communication between the researcher and the decision maker can be reduced. b. research can be designed properly. c. the researcher knows what results to come up with. d. the decision maker understands the decision to be made. e. all of the above.
Answer:
b. research can be designed properly.
Explanation:
Market research can be defined as a strategic technique which typically involves the process of identifying, acquiring and analyzing informations about a business. It involves the use of product test, surveys, questionnaire, focus groups, interviews, etc.
Secondary market research can be defined as a method designed to determine the demographics of a particular target market.
The marketing decision and research problem should be defined clearly so that the research can be designed properly. Some of the factors to be considered in the design of a market research are;
I. Corporate culture.
II. The environment of the decision maker.
III. The decision maker's objectives.
Jose purchased a delivery van for his business through an online auction. His winning bid for the van was $27,250. In addition, Jose incurred the following expenses before using the van: shipping costs of $840; paint to match the other fleet vehicles at a cost of $1,800; registration costs of $4,488, which included $4,200 of sales tax and an annual registration fee of $288; wash and detailing for $87; and an engine tune-up for $337
Required:
What is Jose’s cost basis for the delivery van?
Answer:
$34,090
Explanation:
Calculation to determine Jose's cost basis for the delivery van
Using this formula
Delivery van cost basis=Price + Shipping cost + Paint + Sales tax
Let plug in the formula
Delivery van cost basis=$27,250 + $840 + $1,800 + $4,200
Delivery van cost basis = $34,090
Therefore Jose's cost basis for the delivery van will be $34,090
The nation of Cantania regularly experiences changes in its national budget situation. In some years, Cantania operates with a budget deficit, while in other years it experiences a budget surplus. Please classify each of the possible consequences into the appropriate category of the budget circumstance most likely to cause them.
Category:
a. Cantania experiences an increase in budget surplus
b. Cantania experiences an increase in budget deficit
1. Cantania's government increases its demand for financial capital.
2. Interest rates in Cantania rise.
3. The government Of Cantania stops borrowing frorn foreign nations
4. More funds are made available for private investment in physical capital
Budget Surplus refers to a situation where the government's income exceeds its expenditure.
Budget Deficit is when the government's expenditure exceeds its income.
Budget Surplus3. The government Of Cantania stops borrowing from foreign nations
The government would stop borrowing from foreign nations because they will have a surplus to fund what it is they need to fund without seeking excess capital.
4. More funds are made available for private investment in physical capital.
With the government in surplus, they will not need to borrow from the market which would leave enough funds for the private sector to borrow and invest in physical capital.
Budget Deficit.1. Cantania's government increases its demand for financial capital.
The government would demand more financial capital to enable it fund the deficit.
2. Interest rates in Cantania rise.
Interests rates will rise as the government borrows funds because they will borrow a significant amount which would reduce the supply of loanable funds thereby increasing rates.
the excessive use of simple sentences is preferable in academic writing?
A. You can distinguish the various types of bonds by their terms of contract, pledge of collateral, and so on. Identify the type of bond based on each description given in the table that follows:
Description Type of Bond
These bonds are collateralized securities with first claims in the event of bankruptcy.
These bonds are not backed by any physical collateral. They are backed by the reputation and creditworthiness of the issuing company.
These bonds are considered the riskiest of all corporate bonds and thus offer the highest interest rates.
B. Based on your understanding of bond ratings and bond-rating criteria, which of the following statements is true?
a. An indenture is a legal document that details the rights of bondholders. If the indenture includes a sinking funds provision, the bond will have more default risk.
b. An indenture is a legal document that details the rights of bondholders. If the indenture includes a sinking funds provision, the bond will have less default risk.
c. In 2008, the United States began to witness one of the worst recessions since the 1930s. The collapse of the housing bubble in 2006 led to a massive decline in real estate prices, affecting consumers and institutions, especially banking and financial entities. Severe liquidity shortfalls in the United States as well as other global markets led to a serious credit crisis. During the credit crisis of 2008–2009, several banks and other businesses went through a reorganization process or were forced to liquidate. Consider the following example:
C. In January 2009, American electronics retailer Circuit City Inc. closed all of its stores and sold all of its merchandise.
This is an example of:_______.
a. Liquidation
b. Reorganization
On May 31, Money Corporation's Cash account showed a balance of $17,000 before the bank reconciliation was prepared. After examining the May bank statement and items included with it, the company's accountant found the following items: Checks outstanding $ 2,850 Deposits outstanding 3,200 NSF check 120 Service fees 110 Error: Money Corp. wrote a check for $50 but recorded it incorrectly for $500. What is the amount of cash that should be reported in the company's balance sheet as of May 31
Answer:
$17,460
Explanation:
The computation of adjusted cash balance is seen below;
Cash account balance
$17,000
NSF check
$120
Service fees
($110)
Amended mistake
$450
Adjusted cash balance
$17,460
The amount of cash that should be reported in the company's balance sheet as of May 31 is $17,460.
Here, the outstanding check and deposit in transit are adjustment for the bank balance and not the firm's cash accounting.
Also, we need to look for the data such as non sufficient funds, service fees etc which were not known until the bank statement was received.