Answers
A short – financial commitments that are due in a year or within a typical operational cycle are known as current liabilities.
What types of debts are most typical?As of the 2nd period of 2022, American consumers owed more than 16 trillion dollars. Mortgages comprised the majority of such a debt, totaling about 10.4 trillion dollars. The second-largest element, amounting to 1.59 trillion dollars, was student loan debt.
What is the name for good debt?Debt that can be used to increase wealth or income throughout time, such education loans, mortgages, or company loans, is referred to as "good" debt. Credit card debt and other consumer debt are examples of "bad" debt because they have minimal impact on your financial situation.
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Related Questions
Some of the forklifts we use in the distribution centers will have to be replaced in the second quarter of the 2023 financial year, and we have to start thinking about it soon! We always purchased the forklifts outright from available cash resources or funded them by borrowing the required funding from the bank. We have recently learnt that many companies choose to lease their forklifts. These forklifts normally last a good ten years if we take good care of them. Prepare some relevant information that needs to be considered in a decision to lease or purchase?
Report on the following:
● Different options in the market
● Accounting treatment of the options
● Tax implications of the options
● Cost differentials and
● Cash flow implications
What would the correct decision be for the company.
Answers
Different options in the market:
The distribution center has two options when it comes to replacing its forklifts – leasing or purchasing. With leasing, the center would use the forklifts for a specified period, usually a few years, and then return them to the leasing company. On the other hand, purchasing the forklifts will give the center permanent ownership of the forklifts.
Accounting treatment of the options:
Leasing forklifts is treated as an operating expense that is reflected in the income statement. The lease payments are recorded as expenses over the life of the lease. However, purchased forklifts are treated as a fixed asset that is depreciated over their useful life. The depreciation expense is recognized over several accounting periods on the income statement.
Tax implications of the options:
Leasing forklifts can provide significant tax savings for the business as the lease payments are fully tax-deductible expenses in the financial year they are made. In contrast, depreciation and interest expense for purchased forklifts are deductible over several years, so tax deductions are delayed.
Cost differentials and cash flow implications:
Leasing forklifts would result in lower upfront costs and lower monthly payments compared to purchasing, but the total cost of leasing is typically higher over the long term. In contrast, purchasing requires a substantial upfront payment or a loan, but the total cost is lower over the long term. Cash flow implications of purchasing include funding the entire upfront cost of the forklifts and paying for any maintenance and repairs needed over the lifetime of the forklifts, while cash flow implications of leasing include lower upfront costs but higher monthly payments, which will reduce available cash flow in the short term.
What would the correct decision be for the company:
The company should decide based on its financial situation, long-term business planning, and cash flow requirements. If the company has a limited budget, a short-term need for the forklifts, or requires the latest models frequently, leasing may be a better option. But if the company values ownership, anticipates long-term use or higher utilization, and has the cash resources or access to financing, purchasing may be the more cost-effective option. The decision should consider the financial implications, tax considerations, and cash flow requirements of either option.
Select the best answer for the question.
9. Which of the following examples illustrates a manager with emotional intelligence?
O A. Vince has the ability to manage his followers' reactions.
O B. Christina can identify her team members' strengths and weaknesses.
O C. Nina can exercise self-control.
O D. Amanda can maintain the status quo.
Answers
Nina can exercise self-control illustrating a manager with emotional intelligence. Thus, option C is correct.
The most effective managers work hard to acquire the abilities that will enable them to lead well. You may take the required action to maximize your own potential by looking at the set of traits that all effective managers have.
It's crucial to be able to communicate your ideas clearly and succinctly so that everyone on the team is aware of what is expected of them. Being able to listen to constructive criticism, address problems, and resolve conflicts is equally crucial. The language that good managers use is carefully chosen to prevent misunderstandings. All effective managers share a strong work ethic that values exerting effort and giving your best effort.
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The Assembly Division of American Car Company has offered to purchase 90,000 batteries from the Electrical Divison for $104 per unit. Currently, Electrical Division is producing 250,000 batteries per year and the production costs per battery are as follows:
Electrical Division:
Direct materials, $40
Direct labor, 20
Variable factory overhead, 12
Fixed factory overhead, 40
Total, $ 112
The Electrical Division has been selling 250,000 batteries per year to outside buyers at $136 each. Capacity is 250,000 batteries per year. The Assembly Division has been buying batteries from outside sources for $130 each.
A. What is the transfer price range?
B. From the company's perspective, if a transfer is made, how much more or less will firm profits be?
Answers
A. The transfer price range is between $112 and $136.
B. If a transfer is made at $130, the firm profits will reduce by $1,500,000.
What is an acceptable transfer price?
The acceptable transfer price ranges between the variable costs of the producing department or the variable costs plus a calculated opportunity cost.
The opportunity cost represents the lost cost with the transfer when the division could have gone ahead with an external sale instead.
Data and Calculations:Offer from the Assembly Division = 90,000 batteries
Offer transfer price = $104 per unit
Current production per year = 250,000 units
Current external selling price = $136 per unit
External cost per unit = $130
Production Costs of the Electrical Division:Direct materials, $40
Direct labor, 20
Variable factory overhead, 12
Total variable costs per unit = $72
Opportunity cost per unit = $64 ($136 - $72)
Fixed factory overhead, 40
Total, $ 112
A. The transfer price range is between $112 and $136.
B. If a transfer is made at $130, the firm profits will be less by $1,500,000 (250,000 x $130 - $136).
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Explain how utility could be used in a decision where performance is not measured by monetary value
Answers
Utility can be applied in decision-making situations where performance is not solely measured by monetary value.
Utility is a concept that can be used in decision-making scenarios where performance or outcomes are not solely measured by monetary value.
Utility refers to the satisfaction, well-being, or value that an individual derives from a particular outcome or alternative. It provides a framework for decision-makers to consider non-monetary factors and subjective preferences.
In situations where performance is not easily quantifiable in monetary terms, utility can be used to assign subjective values or preferences to different outcomes. Decision-makers can assess the potential utility or satisfaction associated with each alternative and choose the option that maximizes overall utility.
For example, let's consider a decision regarding the selection of a vacation destination. The performance in this case is not directly measured by monetary value, but rather by the level of enjoyment and personal preferences.
Utility theory can be applied by evaluating the potential utility associated with each destination based on factors such as climate, cultural experiences, outdoor activities, and personal interests. Decision-makers can assign subjective values or rankings to these factors and consider their individual utility weights.
By considering utility, decision-makers can make choices that align with their personal preferences and maximize their overall satisfaction or well-being. They may prioritize destinations that offer experiences they value the most, even if it comes at a higher cost or involves trade-offs with other factors.
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describe the role apple, netflix, and walmart have in the global economy
Answers
Apple, Netflix, and Walmart have vastly different roles in the global economy, but they all have one thing in common: they have disrupted traditional business models and changed the way people consume products and services. These companies have become leaders in their respective industries and will continue to shape the global economy in the years to come.
Apple is an American multinational technology company that designs, manufactures, and markets a wide range of consumer electronics, computer software, and online services. The company's innovative products and services have transformed the global technology landscape, with its flagship iPhone and iPad devices becoming ubiquitous worldwide. Apple's market capitalization has exceeded $2 trillion, making it one of the most valuable companies in the world.Netflix, on the other hand, is a streaming entertainment service that has revolutionized the way people consume TV shows, movies, and other forms of digital content. With a global subscriber base of over 200 million people, Netflix has become a cultural phenomenon that has disrupted traditional cable TV and movie theater models. Its ability to produce original content and provide personalized viewing experiences has made it a powerful force in the entertainment industry.Walmart, the largest retailer in the world, plays a significant role in the global economy by providing essential goods and services to millions of people every day. The company has a presence in over 25 countries and employs over 2.3 million people worldwide. Walmart's supply chain and logistics operations are among the most sophisticated and efficient in the world, allowing it to deliver products at lower prices than many of its competitors. The company's sheer size and reach have made it a vital player in the global retail market, driving down prices and increasing competition.For more such questions on global economy
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What type of communication takes place when announcements in offices are made through public announcement systems?
A.
interpersonal communication
B.
written communication
C.
mass communication
D.
public communication
E.
intrapersonal communication
Answers
process of elimination..
B. (it’s verbal communication, not written)
C. (i highly doubt this is a possible answer.....but you are always willing to test that out for yourself)
E. (interpersonal is a conversation with oneself or “within a person”)
so now you’re left with A or D
Answer:
mass communication
Explanation:
I asked the teacher, she looked at the answer key and said
You can earn 3% interest on a CD and 1.25% interest on a savings account.
How much more interest will the CD earn for one year if you make a deposit of
$1,650?
Financial Lit, please help!!
Answers
Answer:
The CD will earn $49.50 more interest than the savings account for one year if you make a deposit of $1,650.
Which of the following examples is a positive Safety and Health Program reward?
A. Giving prizes to employees who make safety suggestions that are put into place
B. Creating production goals that are financially profitable
C. Highlighting employees with safety incidents during safety meetings
D. Holding team members responsible for each other's participation in safety
Answers
A positive Safety and Health Program reward is a way of recognizing and incentivizing good safety behavior and practices among employees. In this context, giving prizes to employees who make safety suggestions that are implemented is an example of a positive reward, because it encourages employees to think about safety and to contribute their ideas to improve the workplace.
Other examples of positive Safety and Health Program rewards could include recognition in company newsletters or on social media, awards or bonuses for achieving safety goals, or special events or activities to celebrate safety milestones. In contrast, negative rewards are those that punish employees for safety incidents or that create an atmosphere of blame or shame around safety. Examples of negative rewards include withholding pay or benefits, assigning extra work, or publicly shaming employees.
An example is a positive Safety and Health Program reward is Giving prizes to employees who make safety suggestions that are put into place. Thus the correct option is A.
What is the reward?The reward is a term used to describe something that is offered or given in exchange for a random act of kindness or ill suffered, or for a service or accomplishment. This compensation might be seen as recognition for the effort done.
Employee participation in the safety and health management system is recognized, acknowledged, and encouraged by positive incentive programs that promote or compensate people for submitting injuries.
Employers can use safety incentives like time off bonuses, extended break times, certificates of recognition, and more to entice staff to go above and beyond the minimum requirements.
Therefore, option A is appropriate.
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Robert picked a business that appealed to his love of music and also one that would pay well. How would you decide on a business opportunity?
Answers
Robert picked a business that appealed to his love of music and also one that would pay well was music gigs. The business opportunity is sell of music albums.
What is music?According to many definitions, music is the process of combining form, harmony, melody, rhythm, and other expressive elements with sound. Despite being a component of all human cultures and a cultural staple, there is considerable variation in the precise meanings of music around the world.
Further the practice of creating harmonious, aesthetically attractive, or expressive tonal combinations, typically using melody, rhythm, and harmony. a written down composition of music. Bring musical compositions with melody, harmony, and rhythm.
However a sort of timed sound art that uses the components of rhythm, melody, harmony, and color to express thoughts and feelings in meaningful ways.
Therefore the tones or sounds used, whether they are in one line (melody) or many lines (harmony), and whether they are being or will be produced by one or more voices, instruments, or both.
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Indicate where the event common stock issued for cash would appear, if at all, on the indirect statement of cash flows. Group of answer choices Operating activities section Investing activities section Financing activities section Does not represent a cash flow
Answers
Answer: Financing activities section
Explanation:
The Financing Activities are refered to as the transactions which affect the long-term liabilities and equity of the company.
In the case if the question given, the common stock that's issued for cash would appear in the financing activities section due to the fact that the activity is related to finance and affects the company.
The process of allocating funds to projects and investments includes the following:
A. Analysis
B. Selection
C. Monitoring
D. Evaluating performance
Analyze or explain any three of the above.
Answers
The process of allocating funds to projects and investments involves several important steps, including analysis, selection, and monitoring. By following these steps, organizations can make informed decisions about where to invest their resources and ensure that their investments are delivering the expected returns.
The process of allocating funds to projects and investments involves several important steps, including analysis, selection, monitoring, and evaluating performance. Here are explanations of three of these steps:
Analysis: This step involves gathering and analyzing information about potential projects and investments to determine whether they are financially viable and aligned with the organization's goals and objectives. This includes conducting market research, analyzing financial statements and projections, assessing risks, and identifying potential barriers to success. The analysis phase helps decision-makers to make informed choices about which projects and investments to pursue.
Selection: Once potential projects and investments have been analyzed, the next step is to select the most promising ones. This involves using the information gathered during the analysis phase to compare options and choose the projects and investments that are most likely to provide the greatest returns on investment. The selection process may involve developing criteria for evaluating potential options, ranking them based on their financial potential, and weighing the costs and benefits of each option.
Monitoring: Once projects and investments have been selected and funded, it is important to monitor their progress and performance over time. This involves regularly reviewing financial and operational data to identify any potential issues or risks, and taking action to address them. Monitoring can help decision-makers to stay informed about the status of their investments, identify opportunities for improvement, and make adjustments to their funding strategies as needed.
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Explain what should be your attitude after taking the test.
Answers
Question 6 of 10
A risk response plan lists your risks, including identified risk causes, description, and
Select an answer:
potential impacts
why the risk can't be avoided
your sponsor's assignee to handle risk
issue register
Answers
A risk response plan lists your risks, including identified risk causes, descriptions, and Option A. potential impacts.
The Risk Response Planning is a process that recognizes potential risks, assesses them, and establishes management plans to reduce or prevent them. Risk response plans should describe the expected outcome of each response action, any significant input from stakeholders, and the time and resources required to carry out the response. A risk response plan typically includes the following sections:
Risk Management Plan Preparation - This section provides guidance for preparing the risk management plan's remainder. It describes the recommended contents of the risk management plan and the recommended process for preparing it.
Risk Identification - This section identifies risk sources that might cause a negative outcome for the project. It also provides a risk identification checklist that the project team can utilize as a starting point for identifying risks.
Risk Analysis - This section analyzes each identified risk's potential impact on project success by estimating the probability of occurrence and the potential effect on the project's objectives.
Risk Response Development - This section outlines the strategies and actions for managing risks. It includes contingency plans for high-priority risks and an implementation plan for all other risks.
Risk Response Control - This section describes how to evaluate the effectiveness of the risk response strategy, establish contingency plans, and implement corrective action as needed.
Risk response plans should be developed in collaboration with stakeholders to ensure that the project's risks are addressed appropriately. In addition, they should be reviewed regularly and updated as necessary throughout the project. The most important part of any risk response plan is the risk response strategy, which describes the specific actions to be taken in response to each identified risk. Therefore, the correct option is A.
The question was incomplete, Find the full content below:
Question 6 of 10
A risk response plan lists your risks, including identified risk causes, descriptions, and
Select an answer:
A. potential impacts
B. why the risk can't be avoided
C. your sponsor's assignee to handle risk
D. issue register
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Jimmy's pizza bought a new pizza oven for $7,276. The useful life is estimated to be 12 years and the salvage value is $400. If jimmy uses straight line depreciation:
A. Calculate the annual depreciation
B. Determine the book value of the oven at the end of 8 years.
Answers
Answer:
see below
Explanation:
In straight-line depreciation, depreciation is a constant figure throughout the useful life of an asset.
The depreciation rate = 1/useful life x 100
For Jimmy's pizza depreciation rate
=1/12 x 100
=8.333%
The depreciable rate = Asset cost - salvage value
=$7,276 - $400
=$6,876
Annual depreciation = 8.333% x $6,876
=0.08333 x $6,876
=$573 per year
Book value after 8 years
=Asset value minus accumulated depreciation.
Accumulated depreciation = annual depreciation x number of year
Accumulated depreciation = $573 x 8
Accumulated depreciation= $4,584
Book value =$7,276 - $4,584
= $2,692
A Juice Company has available two kinds of food Juices: Orange Juice and Grape Juice. The company produces two types of punches: Punch A and Punch B. One bottle of punch A requires 20 liters of Orange Juice and 5 liters of Grape Juice.1 Bottle of punch B requires 10 liters of Orange Juice and 15 liters of Grape Juice.
From each of bottle of Punch A a profit of $4 is made and from each bottle of Punch B a profit of $3 is made .Suppose that the company has 230 liters of Orange Juice and 120 liters of Grape Juice available.
Required:
A, Formulate this problem as a LPP
B, How many bottles of Punch A and Punch B the company should produce in order to maximize profit?
C, What is this maximum profit?
Answers
The company should produce 9 bottles of Punch A and 5 bottles of Punch B in order to have a maximized profit of $51
Formulate the problem as a linear programmingThe given parameters can be represented using the following table:
Punch A (x) Punch B (y) Available
Orange 20 10 230
Grape 5 15 120
Profit 4 3
From the above table, we have:
Objective function: Max P = 4x + 3y
Subject to:
20x + 10y ≤ 230
5x + 15y ≤ 120
x , y ≥ 0
Bottles of Punch A and Punch B the company should produceTo do this, we plot the graph of the constraints
From the graph (see attachment), we have:
Punch A (x) = 9
Punch A (y) = 5
Hence, the company should produce 9 bottles of Punch A and 5 bottles of Punch B in order to maximize profit
What is this maximum profit? Substitute 9 for x and 5 for y in P = 4x + 3y
This gives
P = 4 * 9 + 3 * 5
Evaluate
P = 51
Hence, the maximum profit of the company is $51
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Answer:
Explanation:A Juice Company has available two kinds of food Juices: Orange Juice and Grape Juice. The company produces two types of punches: Punch A and Punch B. One bottle of punch A requires 20 litters of Orange Juice and 5 litters of Grape Juice. 1 Bottle of punch B requires 10 litters of Orange Juice and 15 litters of Grape Juice. From each of bottle of Punch A a profit of $4 is made and from each bottle of Punch B a profit of $3 is made. Suppose that the company has 230 litters of Orange Juice and 120 litters of Grape Juice available.
Question 7 of 10
If you borrow $2,000 at 5 percent simple interest, how much will you owe
after one year?
A. You will owe 5 percent of the principal only.
OB. You will owe the principal of $2,000 only.
C. You will owe the principal of $2,000 plus 5 percent of the principal.
D. You will owe the principal of $2,000 minus 5 percent of the
principal.
Answers
You will owe the principal of $2,000 plus 5 percent of the principal.The correct answer to this question is C.
Simple interest is calculated by multiplying the principal by the interest rate and the time period. In this case, the principal is $2,000 and the interest rate is 5 percent. After one year, the interest accrued would be $100 (5% of $2,000).
Therefore, the total amount owed after one year would be $2,100 ($2,000 principal + $100 interest). It is important to note that simple interest is calculated only on the principal amount borrowed, and not on any interest that has already accrued.
Additionally, the interest rate is usually expressed as an annual rate, so it is important to adjust the time period accordingly if the loan term is less than one year. The correct answer to this question is C.
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Bramble Corp. reported net income of $87800 for the year ended December 31, 2021. Included in net income were depreciation expense of $16500 and a gain on sale of equipment of $3600. The equipment had an historical cost of $80500 and accumulated depreciation of $48400. Each of the following accounts increased during 2021: Land $10900 Prepaid rent $14000 Available-for-sale securities $2000 Bonds payable $9500 What is the amount of cash provided by or used by investing activities for Bramble Corp. for the year ended December 31, 2021?
Answers
Answer:
net cash provided by investing activities $22,800
Explanation:
the carrying value of the equipment = $80,500 - $48,400 = $32,100
the sales price of the equipment was $32,100 + $3,600 (gain on sale) = $35,700
land was purchased for $10,900
available for sale securities were purchased fro $2,000
total cash flows from investing activities = $35,700 (cash proceeds from sales of equipment) - $10,900 (land purchased) - $2,000 (AFS securities purchased) = $22,800
Buyer Beware Toy Company is unsure of whether to sell its product assembled or unassembled. The unit cost of the unassembled product is $30 and Buyer Beware Toy would sell it currently for $65. The cost to assemble the product is estimated at $21 per unit and the company believes the market would support a new price of $85 on the assembled unit. What decision should be made about whether to sell or process further?
A)
Sell before assembly, the company will be better off by $1 per unit.
B)
Sell before assembly, the company will be better off by $20 per unit.
C)
Process further, the company will be better off by $29 per unit.
D)
Process further, the company will be better off by $14 per unit.
Answers
You have researched your dream around-the-world vacation and determined that the total cost of the vacation will be $33,000. You feel you can earn an APR of 10.8 percent compounded monthly and plan to save $395 per month until you reach your goal. How many years will it be until you reach your goal and enjoy your well-deserved vacation
Answers
Answer:
Explanation:
What 22
Explain the concept of Opportunity Costs as they relate to tradeoffs
Answers
While opportunity cost is the cost of opting one course of action and doing another opportunity, a trade-off is an action given up to perform the preferred course of action.
Please Help!!!!
What are some reasons that companies might not be addressing Gen Y leadership development programs? Discuss
Answers
Due to the way they were taught, Generation Y really has a propensity to struggle with problem solving, failing, accepting and learning from errors, and having realistic expectations. Independence, accountability, and responsibility are all reduced.
What tactics should managers take when interacting with Generation Y workers?What Every Manager Needs to Know About Managing Generation Y
Help them get used to working there without alarming or insulting them.Provide them trustworthy educational experiences that will enable them to be successful in their careers.Prevent them from self-destructing.What can be a drawback for Gen Y workers?The stereotypes about millennials include being too relaxed, impatient, and lazy. Employers of Generation Y workers say that these people have low standards for pay, a poor work ethic, and difficulty focusing and concentrating. They seem to be hopping jobs in an outrageous manner.
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Question 1
Describe the role of supply, demand, and competition in a free-enterprise system.
Answers
Answer:
Competition is a driving force of free enterprise, resulting in greater efficiency and lower prices for the consumer. Countries embracing free market principles benefit from a higher standard of living.
Explanation:
:-)
There are a lot of roles played by demand. A free enterprise system driven by competition is due to the fact that a lot of businesses offering the same or similar goods and services leads to competition and this is very good for the consumer as it may lead to a decrease in price.
The price system is known to have a link that connects the consumers, producers and markets all together.Since the U.S. economy is a free enterprise system, the people but not the government have almost all of the country's resources. Free enterprise leads to more economic growth by helping people to start new businesses.
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in your opinion, does making a lot of money automatically mean you have a large savings account ? why or why not ILL MARK BRAINLIST !!!
Answers
Answer:
I don't think so, because it still depends on the one who is saving the money, for example, you are earning a low amount of salary, then of course you will be watchful on how you will spend your money. and if you are earning a large amount of salary, you would think that since you have a lot, you can already spend them in any way that you want, which leads to low savings.
'professionally managed and centrally coordinated marketing channels designed to achieve channel economies and maximum marketing impact are referred to as
Answers
In order to achieve channel economies and the most possible marketing impact, vertical marketing systems—professionally managed and centrally coordinated marketing channels—were developed.
What do you mean by vertical marketing system in terms of marketing?A vertical marketing system is produced when wholesalers, retailers, and manufacturers all collaborate to meet the needs of their customers. It makes it possible for one company to have complete control over the production and distribution of a thing.
A vertical marketing system's ability to act as a system is one of its advantages.The main advantage of VMS is that it allows your company total control over all facets of developing and promoting a product. By being able to see the larger picture, anticipate problems, and make changes as needed, doing this increases your efficiency.
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differentiate personal protective equipment forn protective clothing?
Answers
Answer:
Personal protective equipment is protective clothing , helmats , goggles or other garments or equipment designed to protect the wearer's body from injury or infection.
Explain other advantages of the autociatic leadership style. se Se busines
Answers
The autocratic leadership style has several advantages in certain business situations. Firstly, it allows for quick decision-making and efficient execution. In an autocratic leadership approach, the leader has the authority to make decisions without consulting others extensively. This can be advantageous in situations where immediate action is needed or when there is limited time for deliberation. By taking charge and making decisions swiftly, autocratic leaders can ensure that tasks are completed efficiently and objectives are met in a timely manner.
Secondly, autocratic leadership provides clear direction and reduces ambiguity. The leader in this style has a strong control over the decision-making process and can provide clear instructions to their team members. This clarity helps employees understand their roles and responsibilities, minimizing confusion and increasing productivity. Autocratic leaders often set specific goals and expectations, which can be beneficial in situations where precision and adherence to guidelines are crucial.
Additionally, the autocratic style can be effective in organizations or industries that require a hierarchical structure or where strict compliance is necessary. Industries such as the military, manufacturing, or emergency services often rely on autocratic leadership to ensure discipline, maintain order, and promote safety.
However, it is important to note that the autocratic leadership style may not be suitable for all situations or business contexts. It can stifle creativity and innovation by limiting input and involvement from team members. It may also lead to decreased employee satisfaction and motivation, as individuals may feel disempowered or undervalued. Therefore, the autocratic style should be used selectively and combined with other leadership approaches to create a balanced and inclusive organizational culture.
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Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.)
What is the optimal production quantity for the card?
Answers
Answer:
≈ 9644 quantity of card
Explanation:
given data:
n = 4 regions/areas
mean demand = 2300
standard deviation = 200
cost of card (c) = $0.5
selling price (p) = $3.75
salvage value of card ( v ) = $ 0
The optimal production quantity for the card can be calculated using this formula below
= u + z (0.8667 ) * б
= 9200 + 1.110926 * 400
≈ 9644 quantity of card
First we have to find u
u = n * mean demand
= 4 * 2300 = 9200
next we find the value of Z
Z = ( \(\frac{p-c}{p-v}\) )
= ( 3.75 - 0.5 ) / 3.75 = 0.8667
Z( 0.8667 ) = 1.110926 ( using excel formula : NORMSINV (0.8667 )
next we find б
б = 200\(\sqrt{n}\) = 400
Granger Service Company, Inc., was organized by Ted Granger and five other investors. The following activities occurred during the year:
a. Received $71,000 total cash from the six investors; each investor was issued 8,500 shares of common stock with a par value of $0.20 per share.
b. Purchased equipment for use in the business at a cost of $19,000; one-fourth was paid in cash and the company signed a note for the balance (due in six months). Signed an agreement with a cleaning service to pay $130 per week for cleaning the corporate offices next year.
c. Received an additional contribution from investors who provided $3,100 in cash and land valued at $16,000 in exchange for 1,100 shares of stock in the company.
d. Lent $2,600 to one of the investors who signed a note due in six months. Ted Granger borrowed $7,100 for personal use from a local bank, signing a one-year note.
Required:
Create T-accounts for the above accounts.
Answers
Answer:
Granger Service Company, Inc.
T-accounts
Cash
Accounts Titles Debit Credit
Common stock $10,200
APIC - common stock 60,800
Equipment $4,750
Common stock 2,200
APIC - common stock 900
Notes Receivable 2,600
Notes Receivable
Accounts Titles Debit Credit
Cash $2,600
Common Stock
Accounts Titles Debit Credit
Cash $10,200
Cash 2,200
Additional Paid-in Capital
Accounts Titles Debit Credit
Cash $60,800
Cash 900
Land 16,000
Land
Accounts Titles Debit Credit
APIC - common stock $16,000
Equipment
Accounts Titles Debit Credit
Cash $4,750
Notes payable 14,250
Notes payable
Accounts Titles Debit Credit
Equipment $14,250
Explanation:
The T-accounts consist of account titles at the top horizontal line, a debit column, and a credit column. It may also look exactly like the letter T. Otherwise, in modern time, T-accounts are no longer presented in the form of the letter T. They are now presented in columnar formats, as shown above.
Which of the following BEST describes a conflict of interest? O A. Two companies competing for the business of the same customer B. Parties engaging in an activity that does not equally benefit all parties C. An employee engaging in an activity that may benefit that individual to the detrimen O D. People on different sides of an issue agreeing to disagree O E. A company engaging in practices that conflict with government regulations Click to select your answer.
Answers
The statement that best describes conflict of interest is - An employee engaging in an activity that may benefit that individual to the detriment of his employer or clients of the firm
Conflict of interest arises when the interest of an employee is not aligned with the interest of his/her employer or clients.
For example, an employer might decide to take a project even though it is not profitable because if the project is undertaken it would increase the prestige of the employee. This project would be benefit the employee but not the employer.
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A hypothetical firm called BRICK 'n TILE is specialising in producing bricks at a unit price of R3 and selling at a price of RB. The cost of labour increases from R150 to R200 per labourer. Conduct research on any BRICK 'n TILE firm of your choice on the following: STEP 1 Explain the four basic costs curves that BRICK 'n TILE will experience. STEP 2 Recopy the table below to your answer book and determine the missing values: Table for BRICK 'n TILE costs and revenue. Quantity Labour Fixed Variable Total of tiles units Cost Cost 0 0 50 10 1 20 3 30 5 40 50 60 70 80 90 7 9 10 11 12 50 50 50 50 50 50 50 50 50 (3) Total Profit& Marginal Cost Revenue Loss Revenue (3) (10) (3) (3) (3) (5 x 3)(15)
Answers
For the speculative firm Block 'n TILE, the four essential expense bends they will encounter are Marginal Cost (MC) Curve, Average Total Cost (ATC) Curve, Average Variable Cost (AVC) Curve, and Average Fixed Cost (AFC) Curve.
Marginal Cost (MC) Curve:
The Marginal Cost (MC) Curve: addresses the extra expense brought about by creating another unit of result.
Average Total Cost (ATC) Curve:
The Average Total Cost (ATC) Curve shows the typical expense per unit of result.
Average Variable Cost (AVC) Curve:
The Average Variable Cost (AVC) Curve addresses the variable expense per unit of result.
Average Fixed Cost (AFC) Curve:
The Average Fixed Cost (AFC) Curve addresses the proper expense per unit of result.
These expense bends assist firms with enjoying Block 'n TILE figure out the connection between the degree of creation and the related expenses. They are essential for pursuing creation choices, setting costs, and deciding the company's benefit.
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The four cost curves are displayed in the accompanying graph-
