Answers
Related Questions
Choose the letter of the item that best completes
the statement or answers the question.
1. The main idea of this chapter is that (a) cities are not as nice to live
in as suburbs (b) the problems of cities cannot be solved
(c) cities face difficult problems (d) life in the suburbs is boring.
2.
Three out of every four Americans live in (a) rural areas
(b) metropolitan areas (c) cities (d) suburbs.
3.
The Atlanta Metropolitan Area consists of suburbs and a (a) mega-
lopolis (b) central city (c) region (d) state.
4. The Northeast Corridor is an example of (a) a megalopolis (b) a
central city (c) an interstate highway (d) a suburb.
5. Which statement is true of suburban areas today? (a) Suburban
residents depend upon the city for jobs, entertainment, and essen-
tial services. (b) Median family income is lower in the suburbs than
in cities. (c) More people are employed in manufacturing in the
suburbs than in the cities. (d) Minorities and the elderly tend to be
concentrated in the suburbs.
6. Which one of the following is an attempt to solve the problems of
the cities? (a) urban renewal (b) flight of businesses and the mid-
dle class to the suburbs (c) deterioration of city streets and public
buildings (d) increase in homelessness.
7. The decline of manufacturing industries and the increase in service
jobs in the cities have resulted in (a) fewer traffic problems in the
city (b) higher incomes for city workers (c) greater opportunities
for high school dropouts (d) a widening of the gap between rich and
poor in the cities.
8. Which one of the following is an argument in favor of urban re-
newal projects? (a) Rentals in renewal areas are very high. (b) Poor
people will be displaced and crowded into slums. (c) Businesses will
stay and the middle class will be brought back into the city.
(d) More city services will be required in renewed areas.
9. Which one of the following is an argument in favor of increased fed-
eral aid to cities? (a) Federal spending has not reduced the number
of high school dropouts. (b) The same urban problems often occur
in many areas of the nation. (c) The people in city and state govern-
ments have better understanding of problems than the people in
the federal government. (d) The federal government is already too
deeply in debt.
10. Which one of the following supports the view that local problems
do not begin or end in the local area? (a) Unemployment in the
cities increases when the national economy is doing poorly. (b) Federal aid to cities is not a new idea. (c) The federal government has the money, but the cities do not. (d) Urban renewal projects have always been successful.
Answers
The answers are:
Option COption bOption bOption AOption AOption AOption DOption COption bOption AAtlanta Metropolitan AreaThis is known to be the Region that are found in Georgia. It is known as Metro Atlanta, that was created by the United States Office of Management and Budget.
Note that Three out of every four Americans live in metropolitan areas and The Atlanta Metropolitan Area consists of suburbs and a megalopolis.
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Are marketing and sales the same in marketing
Answers
Answer:
marketing is building awareness of your organization and brand to potential customers. Sales is turning that viewership into a profit, by converting those potential customers into actual ones.
Explanation:
Assume Office Depot processes 2,500,000 photocopies per month at its service center. Approximately 50% of the photocopies require collating. Collating is currently performed by high school and college students who are paid $10 per hour. Each student collates an average of 5,000 copies per hour. Management is contemplating the lease of an automatic collating machine that has a monthly capacity of 6,000,000 photocopies, with lease and operating costs totaling $3,000, plus $0.05 per 1,000 units collated.
Required:
a. Determine the total costs of collating 1,000,000 and 2,000,000 per month.
b. Determine the monthly volume at which the automatic process becomes preferable to (costs less than the manual process.
Answers
The total cost of collating 1,000,000 per month is:
With students = $2,000With machine = $3,050.The total cost of collating 2,000,000 per month is:
With students = $4,000With machine = $3,100The monthly volume at which the automatic process is preferred is 1,538,462.
What is the total cost of collating with students?When collating 1,000,000, the cost is:
= 1,000,000 / 5,000 x $10 per hour
= $2,000
When collating 2,000,000, cost is:
= 2,000,000 / 5,000 x 10
= $4,000
What is the total cost of collating with the machine?When collating 1,000,000, the cost is:
= (1,000,000 / 1,000 x 0.05 per thousand units ) + 3,000 operating cost
= $3,050
When collating 2,000,000, cost is:
= (2,000,000 / 1,000 x 0.05 per thousand units ) + 3,000 operating cost
= $3,100
What volume is the machine preferred?Assume the volume is x:
(x / 1,000 x 0.05 per thousand units ) + 3,000 operating cost = x / 5,000 x 10
0.00005x + 3,000 = 0.002x
0.00195x = 3,000
x = 3,000 / 0.00195
= 1,538,462 photocopies
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be5-4, Prepare the journal entries to record the following transactions on Novy Company’s books using a perpetual inventory system. (a) On March 2, Novy Company sold $900,000 of merchandise to Opps Company, terms 2/10, n/30. The cost of the merchandise sold was $590,000. (b) On March 6, Opps Company returned $90,000 of the merchandise purchased on March 2. The cost of the returned merchandise was $62,000. (c) On March 12, Novy Company received the balance due from Opps Company.
be5-5, From the information in BE5-4, prepare the journal entries to record these trans- actions on Opps Company’s books under a perpetual inventory system.
Answers
Answer:
a: March 2
Dr Accounts Receivable 900,000
Cr Sales Revenue 900,000
March 2
Dr Cost of Good Sold 590,000
Cr Inventory 590,000
b. March 6
Dr Sales Returns and Allowances 90,000
Cr Accounts Receivable 90,000
March 6
Dr Inventory 62,000
Cr Cost of Goods Sold 62,000
c. March 12
Dr Cash 793,800
Dr Sales Discount 16,200
Cr Accounts Receivable 810,000
Explanation:
Preparation of Journal entries using a perpetual inventory system
a. March 2
Dr Accounts Receivable 900,000
Cr Sales Revenue 900,000
(To record sale of merchandise)
March 2
Dr Cost of Good Sold 590,000
Cr Inventory 590,000
b. March 6
Dr Sales Returns and Allowances 90,000
Cr Accounts Receivable 90,000
(To record sale of merchandise)
March 6
Dr Inventory 62,000
Cr Cost of Goods Sold 62,000
c. March 12
Dr Cash 793,800
(98%*810,000)
Dr Sales Discount 16,200
(2%*810,000)
Cr Accounts Receivable 810,000
(900,000-90,000)
A: March 2
Dr assets 900,000
Cr Sales Revenue 900,000
March 2
Dr Cost of excellent Sold 590,000
Cr Inventory 590,000
B. March 6
Dr Sales Returns and Allowances 90,000
Cr assets 90,000
March 6
Dr Inventory 62,000
Cr Cost of products Sold 62,000
C. March 12
Dr Cash 793,800
Dr Sales Discount 16,200
Cr assets 810,000
Journal entriesPreparation of Journal entries employing a perpetual inventory system
A. March 2
Dr assets 900,000
Cr Sales Revenue 900,000
(To record sale of merchandise)
March 2
Dr Cost of fine Sold 590,000
Cr Inventory 590,000
B. March 6
Dr Sales Returns and Allowances 90,000
Cr assets 90,000
(To record sale of merchandise)
March 6
Dr Inventory 62,000
Cr Cost of products Sold 62,000
C. March 1
Dr Cash 793,800
(98%*810,000)
Dr Sales Discount 16,200
(2%*810,000)
Cr assets 810,000
\((900,000-90,000)\)
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Name and explainations of 2 CSR/CSR initiatives that Woolworths carries out
Answers
Woolworths introduced The Good Business Journey in 2007 as a long-term initiative as part of their corporate social investment (CSI) plan. My Village My School Woolworths' educational program, etc.
What are CSR initiatives ?Woolworths is also funding a trial program for nutrition and a WASH (water, sanitation, and hygiene) program.
The program trains community members who volunteer to handle food in the safe and hygienic preparation of nutritious lunches for kids.
According to Schreuder, Woolworths has been successful in providing high-quality goods, convenience, and quick service while rapidly growing, including a growing presence in gas station forecourts.
This demonstrates that, when given the option, people are willing to pay extra for high-quality goods.
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When making a choice using the blank a household will choose the combination of labor, leisure, and income that provides the most utility
Answers
Answer: hiii lol
Explanation:
explain the factor that enhance industrial development
Answers
The following are the top 6 elements that have an impact on industrial productivity:
Policy of the government.Human Resources' Level of Quality.Financial accessibility.Technological Progress.Natural Constraints.Management aptitude.What is industrial development?Seems to be the development and expansion of industries within an economy via the use of new technologies that make work simpler, quicker, and better and result in a growth in the output and earnings of a corporation. Science and technological advancement are promoted by industrial development. The industrial businesses carry out research and create new items. An illustration of industrial progress is ethanol in the form of biofuel. Industry studies its wastes and creates byproducts like biodiesel from Jatropha seeds.Industrialization gives way to urbanization. Growth in transportation and communication is a result of industrialization in a given area. Industrialization is important to attain defense production independence.To learn more about industrial development, refer to:
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Why does the scientific method not follow an exact order?
Answers
Through testing and experimentation, the scientific method establishes facts in an unbiased manner.
What is an scientific method?Making an observation, formulating a hypothesis, making a prediction, carrying out an experiment, and then evaluating the findings are the fundamental steps. The scientific method's principles can be used in various contexts, including business, technology, and scientific study.
A set of steps are used in the scientific process to establish facts or generate knowledge. The general procedure is generally known, but depending on what is being examined and who is performing it, each step's specifics may alter. Only questions that can be tested and either proven true or false can be answered using the scientific method.
Therefore, Through testing and experimentation, the scientific method establishes facts in an unbiased manner.
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Why does compound interest earn a bigger return than simple interest?
A. Simple interested is subtracted from compound interest.
B. Compound interest earns interest on the original deposit plus any
interest already earned.
C. Compound interest is at a higher interest rate than simple interest.
D. Simple interest is more basic than compound interest.
SUBMIT?
Answers
Compound interest earn a bigger return than simple interest because compound interest earns interest on the original deposit plus any interest already earned.
What is compound interest and compound interest?Simple interest rate is the interest that is paid only on the amount invested. This differs from compound interest where both the amount invested and the interest already accrued earn an interest.
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which type of buisness offer shares for sales to the public
Answers
issues shares that are publicly traded, meaning the shares are available for anyone to buy on the open market and can be sold, usually very easily.
In which of these do homeowners own BOTH the home and the
land it sits on?
cooperative
timeshare
condominium
townhouse
Answers
Answer:
time share is the answer or townhous
Beverly Mills has decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accom-modate a variety of driving patterns. All the leases are for 3 years and require no money at the time of signing the lease. The first option has a monthly cost of $330, a total mileage allowance of 36,000 miles (an average of 12,000 miles per year), and a cost of $0.35 per mile for any miles over 36,000. The following table summarizes each of the three lease
options:
(See photos below)
Answers
Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
Beverly Mills decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accommodate a variety of driving patterns.All the leases are for 3 years and require no money at the time of signing the lease.
The three lease options available to Beverly Mills are as follows:
Option 1:Monthly cost: $330Total mileage allowance: 36,000 miles (an average of 12,000 miles per year)Cost for any miles over 36,000: $0.35 per mile
Option 2:Monthly cost: $460Total mileage allowance: 45,000 miles (an average of 15,000 miles per year)Cost for any miles over 45,000: $0.45 per mile
Option 3:Monthly cost: $540Total mileage allowance: 60,000 miles (an average of 20,000 miles per year)Cost for any miles over 60,000: $0.55 per mile
Therefore, Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
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Feed the Hungry Children, a (fictitious) not-for-profit tax-exempt entity under IRC Sec. 501(c)3, has been in operation for six years. The mission of the group is to provide healthy breakfast meals to children in inner city schools, so they can best learn. A wealthy local philanthropist has been meeting with the organization hoping to change the direction of the organization in return for a $1,000,000 permanent endowment donated to the group. While these negotiations were taking place this year, the organization suspended its normal operations. The draft of the Form 990 for this fiscal year shows 0 revenues and 0 expenses for this fiscal year and penciled in is a $1,000,000 gift from the philanthropist. The treasurer of the Board is drafting the Schedule A for the Form 990 in preparation for reporting to the Board whether the organization's status has changed form a public charity to a private foundation. Go to the www.irs.gov website and obtain Form 990, Schedule A. In your own words, construct an argument to support why this tax-exempt entity is still a public charity.
Answers
Despite the suspension of normal operations and the potential $1,000,000 gift from a wealthy local philanthropist, there is still an argument to support that Feed the Hungry Children, the not-for-profit tax-exempt entity, remains a public charity.
1. Review the requirements for a public charity: According to IRC Sec. 501(c)3, a public charity must receive a substantial part of its support from public contributions and grants and be organized and operated for charitable purposes.
2. Examine the mission and purpose: Feed the Hungry Children's mission is to provide healthy breakfast meals to children in inner city schools, with the aim of helping them learn better. This aligns with a charitable purpose focused on improving the well-being of children and promoting education.
3. Consider the organization's history: Feed the Hungry Children has been in operation for six years, consistently providing healthy breakfast meals to children in need. Its long-standing commitment to charitable activities demonstrates a track record of serving the public interest.
4. Evaluate the potential gift: The $1,000,000 gift from the local philanthropist, although substantial, does not automatically change the organization's status from a public charity to a private foundation. The organization's eligibility is determined by its overall sources of support, not a single donation. If the gift does not significantly alter the public support test, Feed the Hungry Children can still maintain its public charity status.
5. Analyze the Form 990, Schedule A: The treasurer of the Board is preparing the Schedule A for the Form 990, which provides information about the organization's public support and support schedule. By reviewing this form, it will be possible to determine whether the organization's public charity status has changed or if it still meets the required criteria.
6. Document the argument: Compile the findings from the review, emphasizing the organization's charitable purpose, its history of serving the public, and the evaluation of the potential gift's impact on public support. Present these points in a well-structured and persuasive argument to support the conclusion that Feed the Hungry Children remains a public charity.
It is important to consult with legal or tax professionals for accurate and specific advice in interpreting tax laws and regulations related to the organization's status.
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12. Horizon Electronics is launching a new all-in-one product. The product can be used to play music, watch movies, check e-mail, and make phone calls. Because
there are so many features, you know there will be many questions. Your company is advertising a sale on the product, hoping that customers will buy it from your
store rather than online or at a competitor's store. How should you prepare for the large volume of customers asking about this product?
OA. Tell customers that they can call Horizon Electronics directly to answer questions about how to use the product.
OB. Rely on one of your co-workers to help you answer questions as he just bought the product for himself.
OC. Test the item on display making sure you can explain how to use each feature.
O D. Remind customers they can return the item if it is too difficult to use.
Answers
The best approach to prepare for the large volume of customers asking about the new product is:
OC. Test the item on display, making sure you can explain how to use each feature.
By testing the product on display and familiarizing yourself with its features, you will be able to provide accurate information and demonstrations to customers. This will help you address their questions and concerns effectively, increasing their confidence in purchasing the product from your store.
What contingency factors might affect the
planning a business managers have to
do?
Answers
The contingency factors that might affect the planning a business managers have to do includes:
Environmental Uncertainty.Organizational Level.Time limit.What is a contingency factor?It refers to the provision that the cost estimator makes to cover the unforeseeable expenses that the project may incur. Such expenses may result from factors such as unpredictable weather conditions, uncertainties within the project, incomplete design plans
In conclusion, the amount to be allotted for each contingency factor depends on the amount of detail in the project's design as well as its level of uncertainty.
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In marketing, what are the five P's used for?
A. The sections of a marketing plan
B. Determining market saturation
C. Market research
D. Achieving marketing goals
Answers
Answer:
A
Explanation:
explain why newspapers advertising is not effective on illiterates
Answers
Answer:
cause how are illiterate people gonna read the newspaper? therefore: newspapers=not for people who can't read
2. Mrs Marta is a financial executive with XYZ Enterprises. Although Mrs Msrts has not had any formal training in finance or accounting, she has a “good sense” for numbers and has helped the company grow from a very small company ($500,000 sales) to a large operation ($45 million in sales). With the business growing steadily, however, the company needs to make a number of difficult financial decisions in which Marta feels a little “over his head.” She therefore has decided to hire a new employee with “numbers” expertise to help her. As a basis for determining whom to employ, she has decided to ask each prospective employee to prepare answers to questions relating to the following situations she has encountered recently. Here are the questions.
a. In 2009, XYZ Enterprises negotiated and closed a long-term lease contract for newly constructed truck terminals and freight storage facilities. The buildings were constructed on land owned by the company. On January 1, 2010, XYZ took possession of the leased property. 20-year lease is effective for the period January 1, 2010, through December 31, 2029. Advance rental payments of $800,000 are payable to the lessor (owner of facilities) on January 1 of each of the first 10 years of the lease term. Advance payments of $400,000 are due on January 1 for each of the last 10 years of the lease term. XYZ has an option to purchase all the leased facilities for $1 on December 31, 2029. At the time the lease was negotiated, the fair market value of the truck terminals and freight storage facilities was approximately $7,200,000. If the company had borrowed the money to purchase the facilities, it would have had to pay 10% interest. Should the company have purchased rather than leased the facilities?
b. Last year the company exchanged a piece of land for a non-interest-bearing note. The note is to be paid at the rate of $15,000 per year for 9 years, beginning one year from the date of disposal of the land. An appropriate rate of interest for the note was 11%. At the time the land was originally purchased, it cost $90,000. What is the fair value (Present value) of the note?
Answers
The Present Value of Lease is $6,449,579, the Fair value of the note is $83,055.75 and the cost of credit is 12.12%.
Present Value of Lease and fair valueYear Cash flows PV Factors Discounted cash flow
0-9 800,000 6.75902 5,407,216
10-19 400,000 2.60590 1,042,360
20
Total 6,449,579
Present Value of Lease = $6,449,579
Purchase price = $7,200,000
Based on the above cash flow the company should lease the facility based on the fact that the present value of cash payment of the amount of $6,449,579 is lower that the purchase price of the amount of $7,200,000.
b. Fair value of the note
Using this formula
Fair value of the note=Amount×PVOA
Let plug in the formula
Fair value of the note=$15,000×5.53705
Fair value of the note=$83,055.75
c. Cost of credit
Using this formula
Cost of credit=Discount/(1-Discount)×360/Allowed payment day-Discounted day
Let plug in the formula
Cost of credit=1/(1-100)×360/30
Cost of credit =1/99×360/30
Cost of credit=0.1212×100
Cost of credit =12.12%
The cost of funds which is 10% is lower than the cost of credit which means that the company should not continue the policy but should instead choose the lease.
Therefore the Present Value of Lease is $6,449,579, the Fair value of the note is $83,055.75 and the cost of credit is 12.12%.
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Pearl Corporation bought Noodle Bowl Limited at the end of the fiscal year. While negotiating the purchase price, Pearl’s management team referred to the following three recent appraisals from independent valuation consultants.
Appraised Value Appraisal Method
Noodle Bowl brand name $50 million Cash flow model based on observed royalty rates
Noodle Bowl workforce $40 million Estimate of the replacement cost to recruit and train an equivalent workforce
Favorable lease agreements $20 million Cash flow model of the anticipated savings from Noodle Bowl's favorable (below market) $20 million contractually guaranteed rental rates for retail space
Required:
Which of the above intangibles is likely to be recorded as a distinct identiflable asset in Pearl Corporation's consolidated financia statement? Which is likely to be recorded as part of goodwill? Explain your reasoning.
Answers
Answer:
Identifiable Asset is the one which can be separated from the business and can be identified separately. The asset should have the capability to be disposed of individually. Favorable lease agreements are one such asset which qualifies these conditions. Thus, Favorable lease agreements should be recorded as a distinct asset in Pearl Corporation's consolidated financial statement.
Every such asset which cannot be identified separately should be recorded as goodwill. We cannot recognize Noodle Bowl workforce and Noodle Bowl brand name as a distinctive asset. Thus, they both should be recorded as a part of goodwill.
Describe two benefits to the managers and other employees of the company from having clearly stated company aims and objectives.
Answers
Answer:
having clearly stated company aims and objectives. [
Employees will better understand what the business is seeking to achieve. Clear corporate aims and objectives will provide a basis for setting strategic departmental targets and even individual targets for managers and employees.
Explanation:
The benefits to the managers and other employees of the company from having clearly stated company aims and objectives include,
Easy setting of departmental and individual targets;Clarity for the direction of work. What is the significance of aims and objectives?The aims and objectives of any organization can be referred to or considered as the purpose for which an organization brings its resources and factors of production into implementation. The aims and objectives must be backed by strong clarity and vision.
The advantages are immense of having clarity for the aims and objectives. Additionally, it also helps the internal management and employees to set targets and work accordingly, which is parallel to the company's vision.
Therefore, the significance regarding the aims and objectives has been aforementioned.
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One of the stakeholder's clusters is the
public.
Select one:
True
False
Answers
Xxx
Entrepreneurs generally think differently about resources than do employee-managers in which of the following ways?
Answers
Managers want larger budgets; entrepreneurs work to do more with less.
How do entrepreneurs approach resources differently from employee-managers?Entrepreneurs have a distinct mindset when it comes to resources compared to employee-managers. While managers often seek larger budgets to accomplish their goals, entrepreneurs tend to focus on doing more with less.
This difference in perspective stems from the inherent nature of entrepreneurship which involves taking calculated risks and maximizing efficiency in resource allocation.
Entrepreneurs understand that resources, such as capital, time, and manpower, are limited and valuable. They recognize that acquiring substantial budgets may not always be feasible, especially in the early stages of a venture.
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Mike Flannery holds the following portfolio: Stock Investment Beta A $150,000 1.40 B 50,000 0.80 C 100,000 1.00 D 75,000 1.20 Total $375,000 What is the portfolio's beta?
Answers
Answer: 1.174
Explanation:
Portfolio beta is the weighted-average of the beta coefficient of all the individual stocks in a portfolio.
As per given , we have
Stock Investment Weight (W) Beta(B) (W) x (B)
\(\text{(Investment}/\text{Total investnment})\)
A 150,000 0.40 1.40 0.56
B 50,000 0.13 0.80 0.104
C 100,000 0.27 1.00 0.27
D 75,000 0.20 1.20 0.24
Total 375,000 1.00 1.174
Hence, the portfolio's beta = 1.174
What are some of the reasons why domestic policies change overtime?
Answers
Answer:
They changed as the USA entered the war.
Explanation:
American and domestic foreign policy during World
War 2 were linked in that once America entered the
war it had a significant impact on its economy.
When we say during World War 2 we must remember
that the USA did not enter the war until December
1941 after the attack on Pearl Harbour. Even then
there was no guarantee that they would become
involved in a war in Europe. It was Hitler who
declared war on the USA.
Prior to that American domestic politics
were dominated by the arguments between
interventionism and isolationism. President Roosevelt
had to tread a fine path in providing limited support to
the UK whilst being careful not to turn public opinion even more against involvement in a war thousands of miles away.
Japan's failure to deliver a knockout blow at Pearl Harbour meant that the US economy, on a war footing, was powerful enough to produce military hardware on a scale not seen before which would lead to victory in 1945 and the USA emerging as the most powerful country in the world.
Domestic policies change over time mainly due to changing societal values, economic conditions, and political influences. Society's evolving nature, economic developments, and shifts in political power greatly influence such changes.
Explanation:Domestic policies change over time due to a variety of reasons. The primary ones include changing societal values, economic conditions, and political influences. For instance, societal values evolve over time, which may either necessitate new policies or changes in existing ones to address contemporary issues. Economic conditions may influence policy changes for enhancing economic stability and growth. Changing political influences also play a significant role as different political parties with contrasting priorities and approaches to governance come to power.
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If Rogers, Incorporated, has an equity multiplier of 1.55, total asset turnover of 1.90, and a profit margin of 6.5 percent, what is its ROE
Answers
Rogers, Incorporated ROE is 19.14%
What is return on equity?
Return on equity (ROE) is the measure of a company's net income divided by its shareholders' equity. ROE shows a corporation's profitability and how efficiently it generates those profits.
Return on equity(ROE) is computed as:
= Profit margin * Total asset turnover * Equity multiplier
Given that:
Profit margin = 6.5%
Total asset turnover = 1.90
Equity multiplier = 1.55
Then,
Return on equity(ROE)
= (1.55 * 1.9 * 0.065)
= 19.14%
Hence, Rogers Incorporated ROE is 19.14%
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Total costs are $180,000 when 10,000 units are produced; of this amount, variable costs are $64,000. What are the total costs when 12,000 units are produced? Assume the new quantity is within the relevant range. Select one
a $216.000
b $116.000
C $192800
d. None of the answers given
Answers
Option C equates to a total cost of $192,000 when 12,000 units are produced.
What is the variable cost formula?To calculate variable costs, divide the cost of producing one unit of your product by the total number of units produced. This formula looks like this: Total variable costs are calculated by multiplying cost per unit by the total number of units.
With the given data, the following formula can be used to calculate fixed costs:-
The total cost is comprised of both fixed and variable charges.
Fixed costs plus $64,000 is $180,000.
Costs fixed = $116,000
With the aid of this data and the formula for total costs, it is possible to determine the total costs for manufacturing 12,000 units as follows:
Total costs equals fixed costs plus (Variable cost per unit x Quantity)
$116,000 in total costs plus ($6 times 12,000)
$192,000 is the total cost.
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Oralia operates a lawn care service in southeastern Missouri. Oralia incurs $63,000 of expenses determining the feasibility of expanding the business to southwestern Missouri. If Oralia expands the business, the $63,000 is deductible in the current year. If Oralia does not do so, then Oralia must amortize the $63,000 over a 180-month period.True or False
Answers
The statement is false. The expenses incurred by Oralia to determine the feasibility of expanding the business are considered startup costs.
According to the IRS, startup costs are expenses incurred before the business starts operating. These expenses are considered capital expenditures and cannot be deducted in the current year. Instead, startup costs must be amortized over a 180-month period, regardless of whether the business is expanded or not. Therefore, if Oralia does not expand the business, she must still amortize the $63,000 over a 180-month period. However, if Oralia does expand the business, she may be able to deduct up to $5,000 of startup costs in the current year, with the remaining costs amortized over 180 months.
Therefore, The statement is false. The expenses incurred by Oralia to determine the feasibility of expanding the business are considered startup costs.
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Practice Your Skills
Messages for Analysis
Read the following documents and then (1) analyze the strengths and weaknesses of each sentence and (2) revise each document so that it follows this chapter's guidelines.
12-16. Message Strategies: Persuasive Claims and Requests for Adjustment [LO-21
Dear TechStar Computing:
I'm writing to you because of my disappointment with my new multimedia PC display. The display part works all right, but the audio volume is set too high and the volume knob doesn't turn it down. It's driving us crazy. The volume knob doesn't seem to be connected to anything but simply spins around. I can't believe you would put out a product like this without testing it first.
I depend on my computer to run my small business and want to know what you are going to do about it. This reminds me of every time I buy electronic equipment from what seems like any company. Something is always wrong. I thought quality was supposed to be important, but I guess not. Anyway, I need this fixed right away. Please tell me what you want me to do.
Answers
To analyze each sentence according to its strengths or weaknesses, you must review each document identifying writing techniques, which can be:
Sentence 1: Polite and indirect tone to state the problem without assigning blame.Sentence 2 and 3: The sentence is objective and direct about the problem, but does not provide the solution.Sentence 4 and 5: The sentence is not customer oriented.Sentence 6: The sentence conveys a polite request to the company.Sentence 7: The sentence asks for feedback and suggestions on how to solve the problem.What are writing techniques?They are strategies and methods used to create effective and engaging written communication. There are many different writing techniques, but some of the most common are descriptive language, metaphors, similes, active voice and the use of repetition.
Therefore, writing techniques are techniques used with the purpose of convincing and leading the reader to reflect on the message in question.
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As a student of Business Ethics and a managing director of a multinational company, discuss five (5) factors you will consider in managing the multi-cultural and diversified workforce in Ghanaian business organizations.
Answers
Communication, ethics, conflict management, learning, and inclusion are some issues to consider when leading a multicultural and diversified workforce in Ghanaian business organizations.
How do you lead a multicultural team?In order to foster a culture that celebrates variety and individuality, it is crucial that there be a number of rules and procedures that concentrate on organizational ethics. The manager must be aware of the requirements of the teams, encourage learning, and include the staff in organizational procedures.
Therefore, the sharing of knowledge, learning, and creativity can benefit from a diverse culture.
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Question 26
You purchase 50 shares of stock for $50 each. You receive dividends each year for
years of $2 per share. After 5 years, you sell the stock for $52.50 per share. What is
your return on investment in dollars?
Answers
Your return on investment in dollars, based on the amount of dividends received, and the selling price per share, is $625
How to find the return on investment?Your return on investment in dollar terms can be found by the formula:
= Dividends received + Capital gains
The Dividends received per year from each share was:
= Number of shares x Dividends per share per year
= 50 shares x 2 per share
= $100
The Dividends received in five years of holding the shares are:
= Number of years x Dividends received in total per year
= 5 x 100
= $500
The capital gains per share are:
= Selling price per share - Buying price per share
= 52.50 - 50
= $2.50
The capital gains on all the shares is:
= Capital gain per share x Number of shares
= 2.50 x 50
= $125
The total return on investment in dollars is:
= 500 + 125
= $625
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