The accounts receivable turnover ratio is a financial metric that indicates how many times a company collects its average accounts receivable during a given period. It is calculated by dividing net sales by average accounts receivable.
To calculate the accounts receivable turnover for Sheridan, we need to first determine the average accounts receivable for the year. We can do this by adding the beginning and ending accounts receivable and dividing the sum by two.
Average accounts receivable = (Beginning accounts receivable + Ending accounts receivable) / 2
Average accounts receivable = ($70,000 + $36,000) / 2
Average accounts receivable = $53,000
Next, we can use the formula to calculate the accounts receivable turnover ratio:
Accounts Receivable Turnover = Net Sales / Average Accounts Receivable
Accounts Receivable Turnover = $265,000 / $53,000
Accounts Receivable Turnover = 5
Therefore, Sheridan Company had an accounts receivable turnover ratio of 5, indicating that they collected their average accounts receivable five times during the year. This metric can be useful for assessing the company's ability to collect outstanding debts and manage its cash flow. A higher turnover ratio is generally considered better, as it indicates that a company is collecting its debts more efficiently.
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Norm attempted to close a sale with a new customer. Unfortunately, the customer did not purchase anything from norm; however, he learned some valuable information about this customer and is determined to continue calling on him until he finally does get a sale. Which personality trait is norm most likely exhibiting?.
Norm attem-pted to close a sale with a new cust-omer. Unfortun-ately, the cust-omer did not purchase any-thing from norm; how-ever, he learned some valuable inform-ation about this customer and is deter-mined to continue call-ing on him until he finally does get a sale. The person-ality trait that Norm is most likely exhi-biting is resilience.
What is resilience?Resilience refers to both the pro-cess and the out-come of success-fully adapting to difficult or chall-enging life experiences, accor-ding to the definition from the American Psycho-logical Association (APA). It’s having the men-tal, emotional, and behav-ioral flexibility and ability to adjust to both inter-nal and exter-nal demands, per APA.
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what is one way that businesses can improve the labor productivity of their workforce through human capital?(1 point)
One way businesses can improve the labor productivity of their workforce through human capital is by investing in employee training and development programs.
By providing employees with opportunities to enhance their skills and knowledge, businesses can increase their overall competency and efficiency, leading to higher productivity levels. Additionally, investing in employee well-being and satisfaction through benefits packages, flexible work arrangements, and other initiatives can also lead to improved productivity.
Additionally, businesses can offer competitive compensation packages and benefits, which can attract and retain high-quality employees and motivate them to work harder and perform better. Providing a supportive work environment, opportunities for career growth and advancement, and recognition and rewards for outstanding performance can also enhance employee engagement and productivity.
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Four people are applying for a job. This chart shows the company’s favorite characteristic of each of these job applicants:
Banks use deposits to make consumer loans to households and commercial loans to businesses. banks will loan out every penny of their deposits in order to make a profit.
a. True
b. false
This assertion is untrue. Banks are required to keep a portion of their deposits in cash in a vault or with the Federal Reserve.
Do banks have to keep all of the deposits in their vaults?Bank reserves are the amount of money kept in safes by banks and make up a relatively modest part of all deposits. Most countries have tight laws requiring banks to follow them and hold back a minimum amount of each deposit in case a client seeks a withdrawal. This is the minimum percentage that is required for reserves.
The minimum amount of cash that each bank must hold is determined by the reserve ratio, which is controlled by the US Federal Reserve. Historically, the reserve rate of bank deposits has ranged between 0% and 10%. The term "bank reserve" refers to the basic minimum of cash that banks are required to have on hand in case of unforeseen demand.
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"A customer has a restricted margin account with $2,500 of SMA. If the customer wishes to buy $7,500 of marginable common stock, the customer must deposit?"
Answer:
$1,250
Explanation:
Given the following :
Amount of marginable stock customer wishes to buy = $7,500
Restricted margin account with $2500 of SMA
Since the account is a restricted margin account, that is (account has fallen below intial requirement). There must be a deposit of 50% in the regulation T account.
Hence, to purchase a marginable stock of $7,500;
50% of $7,500 should be deposited;
50/100 × 7,500 = $3750
Since there is $2500 of SMA in restricted margin account
Hence, the amount needed will be ;
($3,750 - $2,500) = $1,250
Bobby is the plant manager of one of the three manufacturing plants of a paper manufacturing company. He is responsible for synching the processes of his plant with the standards set at the company's headquarters. He sends weekly updates of raw material requirements to the purchase division at the headquarters. He also connects the company's human resources department with the employees who work in his plant. In this scenario, Bobby is most likely a _____. a. middle manager b. first-line manager c. top manager d. team leader
Answer:
a. middle manager.
Explanation:
In this scenario, Bobby is the plant manager of one of the three manufacturing plants of a paper manufacturing company. He is responsible for synching the processes of his plant with the standards set at the company's headquarters. He sends weekly updates of raw material requirements to the purchase division at the headquarters. He also connects the company's human resources department with the employees who work in his plant. In this scenario, Bobby is most likely a middle manager.
A middle manager refers to an individual who acts as an intermediary between the executive management and the employee working with the company.
The owner of an 8-story commercial building in Abu Dhabi has approached you for consultation of whether it is economically feasible to retrofit the building's central air conditioning system. The owner wants to cut in the yearly electricity expenses through installing 12 variable frequency drive (VFD) units to enhance the overall efficiency of the central A/C system. It is expected that the deployment of the VFD units will save up to 30% of the annual energy consumption of the A/C system. Using the information provided in the Table (below), calculate the following: a) The payback period (in years) using the simple (non-discounted) appraisal. b) The payback period (in years) using the discounted cash flow appraisal. Hint: assume a discounted rate of 12%
Unfortunately, without specific data on the initial investment and annual energy cost savings, I cannot provide the payback period using either the simple or discounted cash flow appraisal.
To determine the economic feasibility of retrofitting the central air conditioning system in the 8-story commercial building in Abu Dhabi, we can calculate the payback period using both simple (non-discounted) and discounted cash flow appraisals.
a) Payback Period (Simple Appraisal):
The payback period represents the time it takes for the initial investment to be recovered through cost savings. In this case, the installation of 12 variable frequency drive (VFD) units is expected to reduce the annual energy consumption of the A/C system by 30%.
To calculate the payback period, we need information on the initial investment and the annual energy cost savings. Unfortunately, the provided table is missing, and without specific data on these values, a precise calculation cannot be performed. However, I can guide you through the process if you can provide the required information.
b) Payback Period (Discounted Cash Flow Appraisal):
The discounted cash flow appraisal takes into account the time value of money by applying a discount rate to future cash flows. In this case, we'll assume a discount rate of 12%.
Again, without specific data on the initial investment and annual energy cost savings, it is not possible to calculate the payback period using the discounted cash flow appraisal. However, if you provide the required information, I can guide you through the calculation process.
In conclusion, to accurately assess the economic feasibility of retrofitting the building's central air conditioning system, we need detailed information on the initial investment, annual energy cost savings, and the current electricity expenses. With this information, we can calculate the payback period using both simple and discounted cash flow appraisals to determine the viability of the proposed retrofitting project.
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Uber drivers may purchase 7x7 experience quality improvement classes. These are examples of.
As Uber drivers may purchase the 7x7 experience quality improvement classes, these are examples of an on-the-job learning and development.
What is learning and development?In human resources, the term "learning and development" refers to a function within an organization that is responsible for empowering employees' growth and developing their knowledge, skills and capabilities to drive better business performance.
Here, the part of the Uber case focuses on human resource management and the application of management knowledge and skills, which are designed to help the employee develop critical thinking ability and realize the practical power of sound managerial skills for solving problems in job and career.
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assume the beta for the stock market in general is 1.0 and the beta for world-wide television productions is 2.4. if the stock market increases in value by 10 percent, what is the expected increase in value for the world-wide productions stock? group of answer choices 14 percent 48 percent 24 percent 20 percent 12 percent
24 percent, Assume that World-Wide Television Productions' beta is 2.4 and that the beta for the stock market as a whole is 1.0. The predicted rise in value for the World-Wide Productions shares is 24% if the stock market appreciates by 10%.
Consider the stock market as a network of stock exchanges where investors and traders may buy and sell shares of publicly listed corporations. This is a simple way to think about the stock market. A procedure known as an initial public offering allows private firms to list shares of their stock on a market (IPO). The investment includes real-time trading of the stocks of the firms, making it also referred to as a "stock market." Primary and secondary stock markets are two different categories. Please be aware that it only deals in shares, whereas the stock market deals in bonds, derivatives, and foreign exchange, and that both markets operate in different ways.
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what is the central role of financial intermediaries in a market economy? group of answer choices the creation and printing of money bringing together savers and borrowers providing safe deposit boxes for people and businesses keeping the price level stable
In most cases, financial intermediates function as middlemen in transactions involving banks or funds. These middlemen aid in the development of effective marketplaces and reduce transaction costs.
Financial intermediaries develop and sell assets with manageable risk, then utilize the proceeds from the sale of these assets to buy potentially riskier assets. Risky assets are converted into safer assets for investors through the use of risk sharing.
Storage of assets, loans, and investments are the three major functions of financial intermediaries. Lower investment returns, misaligned goals, credit risk, and market risk are the key drawbacks of financial intermediaries.
In order to implement monetary policy, central banks must modify the money supply, typically through open market operations. For instance, a central bank could lower the amount of money by obtaining funds from commercial banks by selling government bonds under a "sale and repurchase" deal.
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Online content that has been created and posted by unpaid contributors such as customers or fans of a product or service is referred to as:.
Online content that has been created and posted by unpaid contributors such as customers or fans of a product or service is referred to as User-generated content.
User-generated contentUGC for short is content that is created, published or submitted by users of a brand. In numerous cases, it's the most influential content for brands. Usually, contributors are unpaid fans who encourage a brand instead of the brand promoting itself.
Online users are evolved increasingly savvy in knowing which companies are using messy marketing tactics, and which ones are being genuine and evident.
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jordan is responsible for creating a new product for a company the product needs to be completely original(not based on any other project) and no outside parties are allowed to have knowledge of this project. what should he do to solicit help in this process.
a. review old company records
b.use employee suggestions
c. contract a marketing research company
d. conduct a customer survey
Answer: use employee suggestions
Explanation:
Jordan is responsible for creating a new product for a company. Jordan use of employee suggestions jordan do to solicit help in this process. Thus, option (b) is correct.
What is employee?The term employee refers to the work in the company to earn the money. The employee is the provided the services to the company with exchange of the salary. The employees are the work with the unity are the increased the wealth of the company.
According to the Jordan is responsible for producing a new production for a company. Jordan use of employee suggestions jordan do to solicit help in this process. The employees suggestions are the benefit to the employees. Jordan is accountable for making a new commodity for a company.
As a result, the Jordan is responsible for creating a new product for a company. Jordan use of employee suggestions jordan do to solicit help in this process. Therefore, option (b) is correct.
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consider at least two methods used for power quality improvement, the critical evaluation of such methods has to be done either by language supported with picture evidences or from simulation results
Two methods used for power quality improvement are active power filters and voltage regulators.
Active power filters are devices used to mitigate harmonic distortion and reactive power in electrical systems. They actively inject counteracting currents to cancel out the unwanted harmonics and improve power quality. These filters are critical in reducing voltage and current distortion, ensuring stable and efficient operation of the electrical network. Evaluation of active power filters can be done through simulation results that demonstrate the reduction in harmonic distortion and improvement in power factor.
Voltage regulators, such as Automatic Voltage Regulators (AVRs), are used to maintain a stable voltage level at the load terminals. They compensate for voltage fluctuations and ensure that the voltage remains within acceptable limits. Evaluation of voltage regulators can be done through simulation results or through language supported by picture evidence showing voltage stability and regulation under varying load conditions.
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Hampton Industries had $59,000 in cash at year-end 2020 and $25,000 in cash at year-end 2021. The firm invested in property, plant, and equipment totaling $190,000 — the majority having a useful life greater than 20 years and falling under the alternative depreciation system. Cash flow from financing activities totaled +$240,000. Round your answers to the nearest dollar, if necessary.
What was the cash flow from operating activities? Cash outflow, if any, should be indicated by a minus sign.
$
If accruals increased by $15,000, receivables and inventories increased by $175,000, and depreciation and amortization totaled $53,000, what was the firm's net income?
$
Net income = Cash flow from operating activities - Depreciation and amortization + Increase in receivables + Increase in inventories - Increase in accruals which is $530,000.
The cash flow from operating activities can be calculated as shown below:
Cash flow from operating activities = Net income + Depreciation and amortization - Increase in receivables - Increase in inventories + Increase in accruals
Net income = Cash flow from operating activities - Depreciation and amortization + Increase in receivables + Increase in inventories - Increase in accruals
Now we can calculate the values required.
What was the cash flow from operating activities?
The cash flow from financing activities is not required for this question.
Hence we ignore that value.
The cash balance decreased from $59,000 to $25,000 during the year.
Hence cash outflow must have happened during the year.
The cash outflow was \($59,000 - $25,000 = $34,000\)
Increase in property, plant, and equipment = $190,000.
This is a non-operating activity.
Hence ignore it.
Accruals increased by $15,000, and receivables and inventories increased by $175,000.
Cash flow from operating activities = Net income + Depreciation and amortization - Increase in receivables - Increase in inventories + Increase in accruals
\(= X + $53,000 - $175,000 - $175,000 + $15,000\\= X - $282,000X = $282,000 + Cash flow from operating activities\)
Cash flow from operating activities = X - $282,000
We know that the cash balance decreased by $34,000 during the year.
Hence the cash flow from operating activities must be -$34,000 + $282,000 = $248,000
Hence the cash flow from operating activities is $248,000.
What was the firm's net income?
Net income = Cash flow from operating activities - Depreciation and amortization + Increase in receivables + Increase in inventories - Increase in accruals
\(= $248,000 - $53,000 + $175,000 + $175,000 - $15,000\\= $530,000\)
Hence the net income is $530,000.
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marked-to-market involves the trading of futures contracts in major currencies and offering price transparency and efficiency in addition to elimination of counterparty risk due to guaranteed payments on contract.
Marked-to-market involves the trading of futures contracts in major currencies and offering price transparency and efficiency in addition to elimination of counterparty risk due to guaranteed payments on contracts. [FALSE]
About Marked-to-marketInvestment instruments such as bonds and stocks are generally traded on the market so there are always changes or price fluctuations. Considering that these characteristics provide investors with potential gains and losses, each investment portfolio containing instruments that experience price fluctuations must be recorded at prices formed on the market, not book values. This mechanism, namely recording the price or value of a security, portfolio or account to reflect the latest market value is known as Marked To Market.
Why is Market To Market neededEvery investor has the desire to invest or withdraw their funds at different times. In order not to harm the investor concerned or other investors who are still in the portfolio, every purchase or withdrawal of funds must truly reflect the fair value that actually occurs in the market, that's why Marked To Market is used. The application of Market To Market in portfolio valuation makes the profits or losses experienced by investors truly reflect the profits or losses that occur due to price changes in the market, not due to price manipulation made by the investment manager.
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distinguish between capital intensive and labour intensive
answer:
capital intensive
— industries require a greater amount of machinery to produce the product
labour intensive
— product requires a larger amount of human labor to bring it off
explanation:
ex:
capital intensive
— telecommunications, airlines, automobile manufacturing, oil production
labour intensive
— food service, hospitality, public education, agriculture
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PizzaRush, Ine, which is located in the general Los Angeles area, faros very well with its competition in offering fast delivery. Many students at the area universities and community colleges work part-time delivering orders made via the web at PizzaRush.com. The owner, a software engineering graduate of UPPR, plan to purchase and install five (5) portable in-car systems to increase delivery speed and accuracy The system provides a link between the web order placement software and On-Star system for satelito-generated directions to any address in the Los Angeles area. The expected result is faster, friendlier service to customers, and more income for PizzaRush Each system costs $4,600, has a 5-year useful life, and may be salvaged for an estimated $300. Total operating cost for all systems is $650 for the first year, increasing by $50 per year thereafter. The owner will not make any money inversion if he does not receive 10% or more in return. How much annual income is necessary to recover the investment (CR=?) at the MARR of 10% per year?
The annual income necessary to recover the investment at a MARR of 10% per year is approximately $66,683.50.
To calculate the necessary annual income (CR) to recover the investment at the MARR (Minimum Acceptable Rate of Return) of 10% per year, we need to consider the initial cost of the systems, the salvage value, and the operating costs over the useful life of the systems.
Given:
Cost of each system: $4,600Salvage value of each system: $300Total operating cost in the first year: $650Operating cost increase per year: $50Useful life of the systems: 5 yearsMARR: 10%Calculation:
Total initial investment: 5 systems * $4,600 per system = $23,000Total salvage value: 5 systems * $300 per system = $1,500Net investment (initial investment - salvage value): $23,000 - $1,500 = $21,500Total operating cost over 5 years: $650 + $700 + $750 + $800 + $850 = $3,750Total cash outflow (net investment + operating cost): $21,500 + $3,750 = $25,250Annual cash inflow required to recover the investment (CR): CR * (1 - (1 + MARR)^(-useful life)) = $25,250Solving for CR:
CR * (1 - (1 + 0.10)^(-5)) = $25,250
CR * (1 - 0.62092) = $25,250
CR * 0.37908 = $25,250
CR = $25,250 / 0.37908 ≈ $66,683.50
Therefore, the annual income necessary to recover the investment at a MARR of 10% per year is approximately $66,683.50.
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During the year, John, a sole proprietor, went from Milwaukee to Alaska on business. Preceding a five-day business meeting, he spent four days vacationing at the beach. Excluding the vacation costs, his expenses for the trip are: Air fare $3,200 Lodging 900 Meals 1,400 (just meals, no entertainment value in these meals) Presuming no reimbursement, deductible expenses are: a. $3,200. b. $3,900. c. $4,800. d. $5,500. e. $0, unreimbursed business expenses are not deductible from 2018 - 2025
Answer:
c. $4,800
Explanation:
The computation of the deductible expense is shown below:
= Air fare expense + lodging expense + meals (50% deduction allowed)
= $3,200 + $900 + $700
= $4,800
We take 100% the actual expense of air fare and lodging expense and considered 50% of meals and according to this the total amount of deduction is calculated
hence, the correct option is c.
If a revenue in total for a month was $9,550, fixed expenses were $9,000 and variable expenses were $300 what would be the total profit/loss for the month?
Answer:
the answer would be 250
because 9,000-9,550 = 550 -300= 230
When managers or employees witness another organization member being unfairly treated, they should be encouraged to speak up and rectify the situation.
a. True
b. False
The statement "Managers and employees should be encouraged to speak up when witnessing unfair treatment of another organization member." is true.
Speaking up in such situations promotes a healthy work environment by addressing issues promptly and fostering open communication. Encouraging employees and managers to raise concerns helps create a culture of fairness, transparency, and accountability.
This leads to improved employee morale, reduced turnover, and increased trust within the organization. Additionally, rectifying unfair treatment can minimize potential legal issues and negative publicity. By promoting a speak-up culture, organizations demonstrate their commitment to ethical conduct and social responsibility.
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When all other factors remain the same, the law of demand tells us that: An increase in your income causes you to buy more hamburgers An increase in the price of peanut butter causes the quantity demanded of jelly to fall. An increased quantity demanded of bread causes the price of bread to fall. A decrease in the price of gas causes the quantity of gas to increas
Answer:
An increase in your income causes you to buy more hamburgers.
Explanation:
An increase in your income causes you to buy more hamburgers.
Option "A" is correct because the increase in income exhibits an increase in purchasing power. Moreover, there is a positive relationship between the income the demand for normal goods which means if the income rises, then the demand rises. If the income falls, then demand for goods also falls. Therefore, option "a" is right.
When trying to assess whether an applicant will be a good performer, managers utilize interviews, background information, paper-and-pencil tests, and references, which are known as _____
When trying to assess whether an applicant will be a good performer, managers utilize Selection Tools.
What selection tools?Selection is the process that managers in all organizations use to determine:
The qualifications of job applicants. Their performance potential.The known selection tools include:
Paper-and-pencil testsPhysical abilities testPerformance testsBackground informationInterviewsReferences.Thus, when trying to assess whether an applicant will be a good performer, managers utilize interviews, background information, paper-and-pencil tests, and references, which are known as Selection Tools.
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_____are the minimum quantity required in a period based on gross requirements minus the sum of scheduled receipts and available inventory at the end of the last period.
The answer is "Planned order releases".
Planned order releases are the minimum quantity required in a period based on gross requirements minus the sum of scheduled receipts and available inventory at the end of the last period.
Planned order releases help in determining when and how much to order. It is a key component of Material Requirements Planning (MRP) system.
MRP helps in managing inventory, production scheduling and tracking, and supply chain management. The planned order releases help in ensuring that the right amount of raw materials or components are available at the right time for the production process.
By having a clear understanding of planned order releases, businesses can optimize their production process, minimize inventory costs, and ensure that they can meet customer demands in a timely manner.
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your company was recently sold. the buyers, your new bosses, have new ideas on how everything in the company should be run. they have selected you to articulate their vision to the staff. as you prepare to address the staff as a whole, you make sure to include why these new changes are worth pursuing as a company. this is an example of .
your company was recently sold. Your new bosses, the buyers, have fresh ideas on how the business should be run.so according to the given situation in the question is an example of highlighting values.
Who are the buyers?Buyers are in charge of buying products for a firm to use or sell in their own enterprise. This job needs a lot of research, as well as the ability to manage an inventory, negotiate terms with vendors, assess the quality of products, and stay within a budget.
What does a buyer mean in marketing?When buyers have the upper hand over vendors in price discussions, the scenario is referred to as a buyer's market. A property can develop when market developments increase the supply, reduce demand, or both.
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For 2021, the annual earnings for Thompson Computer Company were $5,800,000.
The corporation has 6,006,500 shares of common stock outstanding and pays an annual dividend of $0.34 per share. The closing price for a share of common
stock was $27 last night. Calculate the following. (Round all answers to two decimal places if necessary.)
1 current Yield
2 earnings per share
3 price-earning (PE) ratio
1. The current yield is calculated by market price per share is 1.26% 2. Earnings per share (EPS) is calculated by dividing the company's annual earnings by the number of outstanding shares. 0.97 3. The price-earnings (PE) ratio is calculated by dividing the current market price per share by the earnings per share. 27.84
1. The current yield is calculated by dividing the annual dividend per share by the current market price per share.
Annual dividend per share = $0.34
Current market price per share = $27
Current yield = ($0.34/$27) x 100% = 1.26%
2. Earnings per share (EPS) is calculated by dividing the company's annual earnings by the number of outstanding shares.
Annual earnings = $5,800,000
Number of outstanding shares = 6,006,500
EPS = $5,800,000/6,006,500 = $0.97
3. The price-earnings (PE) ratio is calculated by dividing the current market price per share by the earnings per share.
Current market price per share = $27
Earnings per share = $0.97
PE ratio = $27/$0.97 = 27.84
We need to calculate the current yield, earnings per share, and price-earning (PE) ratio for Thompson Computer Company for 2021.
1. Current Yield:
To calculate the current yield, you can use the following formula:
Current Yield = (Annual Dividend per Share / Closing Stock Price) * 100
Current Yield = ($0.34 / $27) * 100
Current Yield = 0.01259 * 100
Current Yield = 1.26% (rounded to two decimal places)
2. Earnings per Share:
To calculate the earnings per share, you can use the following formula:
Earnings per Share = Total Earnings / Number of Outstanding Shares
Earnings per Share = $5,800,000 / 6,006,500
Earnings per Share = $0.97 (rounded to two decimal places)
3. Price-Earning (PE) Ratio:
To calculate the price-earning (PE) ratio, you can use the following formula:
PE Ratio = Closing Stock Price / Earnings per Share
PE Ratio = $27 / $0.97
PE Ratio = 27.84 (rounded to two decimal places)
Your answer: The current yield for Thompson Computer Company for 2021 is 1.26%, the earnings per share are $0.97, and the price-earning (PE) ratio is 27.84.
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Which of the following is a characteristic of economic services:
A) tangible
B) freely available to everyone
C) useful
D) non-transferable
Answer:
useful
Explanation:
i got it from USA test prep
the predetermined overhead rate for paradise company is $5, comprised of a variable overhead rate of $3 and a fixed rate of $2. the amount of budgeted overhead costs at normal capacity of $150,000 was divided by normal capacity of 30,000 direct labor hours, to arrive at the predetermined overhead rate of $5. actual overhead for december was $8,900 variable and $5,400 fixed, and 1,500 units were produced. the direct labor standard is 2 hours per unit produced. the total overhead variance is
To calculate the total overhead variance, we need to calculate the variable overhead variance and the fixed overhead variance separately and then sum them up.
Variable Overhead Variance:
Actual Variable Overhead = $8,900
Budgeted Variable Overhead (based on predetermined rate) = $3 per direct labor hour x 2 hours per unit x 1,500 units = $9,000
Variable Overhead Variance = Actual Variable Overhead - Budgeted Variable Overhead
= $8,900 - $9,000
= -$100 (favorable variance, as actual is less than budgeted)
Fixed Overhead Variance:
Actual Fixed Overhead = $5,400
Budgeted Fixed Overhead (based on predetermined rate) = $2 per direct labor hour x 2 hours per unit x 1,500 units = $6,000
Fixed Overhead Variance = Actual Fixed Overhead - Budgeted Fixed Overhead
= $5,400 - $6,000
= -$600 (favorable variance, as actual is less than budgeted)
Total Overhead Variance:
Total Overhead Variance = Variable Overhead Variance + Fixed Overhead Variance
= -$100 + (-$600)
= -$700 (favorable variance, as actual overhead is less than budgeted overhead)
Therefore, the total overhead variance for December is -$700 (favorable).
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financial intermediaries are institutions that part 2 a. produce money for the federal government. b. regulate the activities of stock and bond markets. c. oversee the activities of government institutions such as the federal reserve. d. act as middlemen in the process of directing funds from savers to investors.
Financial intermediaries act as middlemen in the process of directing funds from savers to investors.
Option (d) is the correct answer. Financial intermediaries play a crucial role in the financial system by collecting funds from savers and channeling them towards borrowers or investors who need capital. They facilitate the flow of funds between surplus units (those with excess funds) and deficit units (those in need of funds) by providing various financial services.
Examples of financial intermediaries include banks, credit unions, mutual funds, insurance companies, pension funds, and investment firms. These institutions accept deposits, issue loans, provide investment opportunities, offer insurance products, and perform other financial activities to match the needs of savers and borrowers.
Financial intermediaries not only facilitate the transfer of funds but also provide additional services such as risk management, diversification, liquidity provision, and expertise in assessing investment opportunities. Their role helps to efficiently allocate capital in the economy and reduce transaction costs for both savers and borrowers.
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Which of the following falls outside of the classification of business expenditures that fall into the category of variable costs?
a) costs that increase with the quantity produced
b) costs of research and development
c) costs related to labor expenditures
d) costs related to physical inputs
The option that falls outside of the classification of business expenditures that fall into the category of variable costs is option C. costs of research and development. Read below about costs of research and development.
What is a costs of research and development?These are costs taken to develop new products or processes that may or may not result in commercially viable items. The general rule is that research and development costs are to be expensed immediately when the costs are incurred.
Therefore, the correct answer is as given above.
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2. Make a list of information areas that the individuals who join foreign
employment should know or understand.
Answer:
Going from one country to another country for job and to earn money is called foreign employment. People of Nepal go to different countries of the world for jobs and earning. It uplifts the life standard of the people and has become an important source of earning foreign currency.
Explanation: