Which one of the following is not a cost element in manufacturing a product?
a) office salaries
b) manufacturing overhead
c) direct materials
d) direct labor
Answers
Office salaries are not a cost element in manufacturing a product.
A product is an item offered for sale. Products are services or items. It can be in physical or virtual or cyber forms. All products are made at a price and sold at a price. The price charged varies by market, quality, marketing, and target segment. Every product has a useful life that requires replacement and a life cycle that requires reinvention.
In fast-moving consumer goods lingo, a brand can be revamped, reintroduced, or expanded to make it more relevant to a segment or time, but often the product remains largely the same. The product must have a name. A name that people can remember and identify with. A product with a name becomes a brand. Helps you stand out from the confusion of products and names.
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Related Questions
Question 20
In the category assessment step, we:
Question 20 options:
conduct an analysis of the category's subcategories, segments, brands, and SKUs
assign the category role (purpose) based on a cross category analysis
determine the products that make up the category and its segmentation
establish the category's target or hurdle rates - qualitative/quantitative measures
Question 21
The type of data that can provide a detailed picture of long term purchase patterns by households is:
Question 21 options:
the US Census Bureau
demographic data
consumer panel data
Question 22
Establishing the category's target or hurdle rates is part of which of the eight steps of category management?
Question 22 options:
category scorecard
category assessment
category tactics
category definition
Question 23
The category definition step acts:
Question 23 options:
to establish the category's target or hurdle rates - qualitative/quantitative measures
to assign the category role (purpose) based on a cross category analysis
to conduct an analysis of the category's subcategories, segments, brands, and SKUs
to determine the products that make up the category and its segmentation
Question 24
The switch level of substitution is:
Question 24 options:
-The level within the consumer decision tree at which, unless the consumer's need is met, the consumer will not make a purchase in the category at all
the decision-making process used to determine if a particular product should be kept or discontinued
the level within the consumer decision tree at which the consumer will switch between products on the shelf, without walking out of the store.
Question 25
When you define the category, the definition is based:
Question 25 options:
on the needs of the suppliers
on the needs of the retailer
on the needs of the syndicated data providers
on the needs of the target market
Answers
This analysis helps us understand the different components that make up the category and how they are performing. By examining these factors, we can identify areas of strength and areas that need improvement within the category. Question 21: The type of data that can provide a detailed picture of long-term purchase patterns by households is consumer panel data.
Consumer panel data is collected by tracking the purchasing behavior of a group of households over an extended period of time. This data can provide insights into trends, preferences, and patterns of consumer behavior, allowing companies to make informed decisions about their products and strategies. Question 22: Establishing the category's target or hurdle rates is part of the category assessment step of category management. Target or hurdle rates are qualitative and quantitative measures that set performance expectations for the category. These rates help determine the goals and benchmarks that the category should strive to achieve. Question 23: The category definition step acts to determine the products that make up the category and its segmentation. In this step, we establish a clear definition of the category, identifying the specific products that belong to it and how they are segmented. This helps in understanding the scope and boundaries of the category, ensuring that everyone involved has a common understanding. Question 24: The switch level of substitution refers to the level within the consumer decision tree at which the consumer will switch between products on the shelf, without walking out of the store.
This level represents the point where consumers are open to considering alternative products within the same category if their specific needs are not met. It is important for retailers to understand this level to effectively position and promote products to capture consumers' attention and preferences. Question 25: When defining the category, the definition is based on the needs of the target market. It is important to understand the preferences, behaviors, and demands of the target market in order to define the category accurately.
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Cleared checks:
a) Are available as online images for you to refer to or as reduced images sent with each monthly statement
b) Must be destroyed so that they don't get cashed again
c) Should be used to notify the people you wrote the check to since they havent cashed the checks yet
. d) Are automatically redeposited if the check image is lost
Answers
Explanation:
should be used to notify the pepole you wrote the check to since they haven't cashed the checks yet
company xyz created a set of protocols to guide the company to bring its vision to reality. what is this set of protocols called? group of answer choices core values mission strategy formulation vision
Answers
The set of protocols is called a) core values.
Core values are the fundamental beliefs of a company that dictate how it operates and how it interacts with its employees, customers, and other stakeholders.
At Company XYZ, these core values include integrity, innovation, respect, excellence, and collaboration protocols.
Integrity means that Company XYZ will act responsibly and ethically, always doing what is right and honest. Innovation is about striving to be at the forefront of the industry, continuously improving and developing new products and services.
Respect means that Company XYZ will value the contributions of each employee and always treat them with dignity and respect. Excellence is about setting and achieving high standards in everything the company does.
Finally, collaboration is about promoting a culture of teamwork and open communication to ensure success.
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Shelley was initially moderately in favor of a proposal to build a city bike path. At a meeting, she learns that not only will the path provide recreational opportunities and allow for some decrease in traffic, but that in towns with paths, the crime rate tends to go down and businesses along the path do better. She is now strongly in favor of the proposal. The theory that best explains her change of opinion is the __________ theory.
Answers
Answer:
The appropriate response is "Persuasive arguments".
Explanation:
A noninteractional concept or philosophy of community judgment predicting choice results via cognitive or conceptual claims produced by individuals before the debate is determined as Persuasive arguments theory.It doesn't see dialogue as an important element of judgment results, although as a potential mechanism for facilitating communication.Thus the above is the right answer.
You are considering a 5/1 ARM. What does the 1 represent?
A. The number of years between adjustments in the interest rate
B. The interest rate of the initial fixed-rate loan period
C. The total number of years in the loan D. The number of years that a fixed interest rate will be applied to th loan
Answers
Answer: i would say b
Explanation:
37. Emergency managers consider and take into account all threats/hazards; all phases; all stakeholders; and all impacts relevant to disasters. This statement describes which emergency management principle
Answers
The statement describes the comprehensive emergency management principle.
What is emergency management?It should be noted emergency management refers to the plans that are used to engage the activities of the government.
The emergency managers consider and take into account all threats/hazards; all phases; all stakeholders; and all impacts relevant to disasters us relevant to the compressive emergency plan.
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Suppose that workers in the United States can produce 40 computers or 20 tons of coffee in a particular period. Suppose workers in Brazil can produce 30 computers or 10 tons of coffee in the same period.
a. What is the opportunity cost for computers and for coffee in each country?
b. Which country has a comparative advantage in the production of computers, and which has a comparative advantage in the production of coffee?
c. Choose terms of trade that would make both countries better off.
Answers
For US the opportunity cost of coffee is 0.5 and computer is 2, for Brazil, the opportunity cost is 0.3 for coffee and 3 computers
Brazil has comparative advantage in computer, US has in coffee.
The nations would be better off if they exchanged within their opportunity costs.
a. How to solve for the opportunity costThe US must stop producing 20 tons of coffee in order to produce 40 computers. Therefore, the US must stop producing 20–40 tons of coffee in order to build only one computer. Computer opportunity cost in the US = 20/40 = 0.5 tons of coffee
Opportunity cost = 1 / 0.5 = 2 computers
Brazil must stop producing 10 tons of coffee in order to build 30 computers. Therefore, Brazil would have to stop producing 10 or 30 tons of coffee in order to build one computer. In Brazil, the opportunity cost of a computer is 10/30, or one third a ton of coffee.
1/ 0.3 = 3 computer
b. Brazil is believed to have a comparative advantage in the manufacture of computers, but the US has a comparative advantage in the production of coffee, due to the lower opportunity cost of making computers there than in the US.
c. The terms of trade has to be between their opportunity costs. a ton of coffee has to be exchanged with 2.5 of computers.
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The trial balance of Houston Inc. includes the following balances: Common Stock, $40,000; Paid-in Capital in Excess of Par, $64,000; Treasury Stock, $6,000; Preferred Stock, $30,000. Capital stock totals
$70,000.
$104,000.
$134,000.
$140,000.
Answers
The correct option is (C) $134,000.
A stock is a general term used to describe the ownership certificates of any company. A share, on the other hand, refers to the stock certificate of a particular company. Holding a particular company's share makes you a shareholder. Description:
Stocks are of two types—common and preferred.
Given the following:
Common Stock, $40,000;
Paid-in Capital in Excess of Par, $64,000;
Treasury Stock, $6,000;
Preferred Stock, $30,000.
Calculation:Capital stock totals= Common Stock + Paid-in Capital in Excess of Par + Preferred Stock= $40,000 + $64,000 + $30,000= $134,000
Therefore, the capital stock totals $134,000.
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Capital stock totals represent the combined par value of the common and preferred stock issued by the corporation. Therefore, the correct option is A, that is, Capital stock totals $70,000.
The trial balance of Houston Inc. is shown below:
Common Stock: $40,000
Paid-in Capital in Excess of Par: $64,000
Treasury Stock: $6,000
Preferred Stock: $30,000
Capital stock totals: $70,000
The capital stock is the total amount of stocks and securities issued by a corporation to raise money for operations and growth. The common stock and preferred stock that are offered for sale by a corporation make up the capital stock. Capital stock represents the equity investment in the corporation made by shareholders. The balance of capital stock represents the total amount of equity invested in the corporation by its shareholders. In the given case, the total amount of capital stock is given as $70,000.
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Why are carpenters considered generalists?
O They are able to work independently.
O They supervise other workers on the operations team.
O They need an associate's degree for licensure.
O They are versatile and perform a variety of tasks.
Answers
Answer:
I feel like it's the last one but I could be wrong plz let me know
Explanation:
Answer:
They are versatile and perform a variety of tasks.
Explanation:
PLEASE help im stuck
What management principle caused the cost per bushel to change? Explain how the principles applied to this example.
Answers
Answer:
Microeconomics uses a set of fundamental principles to make predictions about how individuals behave in certain situations involving economic or financial transactions. These principles include the law of supply and demand, opportunity costs, and utility maximization. Microeconomics also applies to businesses.
What effects did the 2008 economic crisis have on wealth and income inequality in the United States and Canada? ► View Available Hint(s) O Both wealth and income inequality have become more pronounced in both countries since 2008. O The crisis resulted in a smaller gap between the rich and poor. O Both countries responded by increasing taxes on the wealthy and increasing welfare benefits to the poor, thus reducing the gap. O The medium income for whites and blacks declined but increased for Canada's indigenous. O Canada responded to the crisis by redistributing wealth more evenly among its citizens, but the United States did not.
Answers
The 2008 economic crisis increased wealth and income inequality in both the United States and Canada.
The crisis had a profound effect on the distribution of wealth and income, particularly in the United States, where the top 1% saw their share of national income increase dramatically while the middle class and poor saw their incomes decline. The crisis also had a disproportionate impact on black and Hispanic communities, who were more likely to lose their homes and jobs than white Americans. In Canada, the crisis led to an increase in poverty rates and a decline in living standards for many families, but the government responded by increasing social welfare spending and redistributing wealth more evenly among its citizens. Despite these efforts, however, income inequality remains a significant issue in both countries, highlighting the need for ongoing policy interventions to address this growing problem.
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If a company receives cash from a customer before performing services for the customer, then:.
Answers
Answer:
assets increase and liabilities increase. ... individual accounting record of increases and decreases in specific asset, liability, and stockholders' equity items.
Please help
9. Describe preventing/controlling risk in relation to how businesses deal with each of the
following:
a. Safety-
b. Security-
c. Employee incompetence-
d. Product selection-
e. Credit-
f. Changes-
g. Weather extremes-
Answers
a. Safety - Businesses can prevent and control risks related to safety by implementing safety protocols and guidelines, providing adequate training to employees, regularly inspecting equipment and facilities, and promptly addressing any safety concerns.
b. Security - Businesses can prevent and control risks related to security by implementing access control measures, using security cameras and alarms, regularly reviewing and updating their security policies, and training employees on how to identify and respond to security threats.
c. Employee incompetence - Businesses can prevent and control risks related to employee incompetence by providing thorough training and development programs, setting clear performance expectations, and regularly monitoring employee performance and providing feedback.
d. Product selection - Businesses can prevent and control risks related to product selection by conducting thorough research on products, identifying potential risks and liabilities associated with them, and regularly reviewing and updating their product selection policies.
e. Credit - Businesses can prevent and control risks related to credit by establishing credit policies and procedures, conducting credit checks on customers, setting credit limits, and regularly monitoring accounts receivable.
f. Changes - Businesses can prevent and control risks related to changes by conducting thorough risk assessments before implementing any changes, communicating changes to stakeholders, establishing contingency plans, and regularly reviewing and updating their change management policies.
g. Weather extremes - Businesses can prevent and control risks related to weather extremes by implementing weather emergency protocols, regularly monitoring weather forecasts, having emergency supplies on hand, and regularly reviewing and updating their weather emergency plans.
\( \: \)
Preventing and controlling risk in business involves implementing various strategies for different aspects such as safety, security, employee competence, product selection, credit, changes, and weather extremes.
Explanation:Preventing/Controlling Risk in BusinessSafety: Businesses can prevent safety risks by implementing safety measures such as providing proper training, enforcing safety protocols, and conducting regular inspections.Security: Businesses can control security risks by installing security systems, implementing access control measures, and conducting background checks on employees.Employee incompetence: Businesses can prevent employee incompetence risks by providing comprehensive training programs, establishing clear performance expectations, and conducting periodic performance evaluations.Product selection: Businesses can control product selection risks by conducting thorough market research, partnering with reputable suppliers, and performing product testing.Credit: Businesses can prevent credit risks by setting strict credit policies, conducting credit checks on customers, and implementing effective collection procedures.Changes: Businesses can control risks associated with changes by implementing change management strategies, communicating effectively with stakeholders, and conducting impact assessments.Weather extremes: Businesses can prevent or mitigate risks associated with weather extremes by implementing weather monitoring systems, having emergency response plans in place, and investing in appropriate insurance coverage.Learn more about Risk management in business here:https://brainly.com/question/33515955
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Netflix offers online video streaming and DVD-by-mail services. In recent years, the company began producing its own original content by pouring billions of dollars in investment to produce successful TV shows like the House of Cards, Stranger Things, among others. The company’s decision to enter the original content production industry is considered a(n) ______________.
Answers
Answer:
brand extension
Explanation:
In simple words, When a business puts one of its recognized brand identities on such a new commodity or new specific product, this is known as a brand extension. A brand expansion may help a firm attract new populations, grow its client base, improve sales, and raise overall profitability if it is effective.
Thus, the process in the question will be termed as brand or business extension.
Which of the following of Wegman's motivating factors is an intrinsic motivator?
a. A sense of pride from meeting customer needs
b. Scholarship opportunities
c. The Wegman's retirement plan
d. Adoption assistance
e. Employee discounts on groceries
Answers
The answer choice which shows the Wegman's motivating factor which is an intrinsic motivator is:
a. A sense of pride from meeting customer needsWhat is a motivating factor?This refers to the things which makes a person behave in a certain way with the aim of getting a reward.
What is Intrinsic Motivation?This refers to the pleasures gotten from performing a task or doing a certain action which is for fun, rather for external motivation like money or other rewards.
Therefore, we can see that from Wegman's policy, he was able to get intrinsic motivation from meeting the customer's needs which gave him a sense of pride.
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Rachel wants to pursue a career in business information management. Arrange the certification/degree or training that Rachel needs for he
career growth.
certification in MIS
bachelor's degree in business
administration
training in management skills and data
storage
master's degree in business
administration
Answers
Answer:
The answer is below
Explanation:
For Rachael to pursue a career in business information management. She is expected to follow the following route one after the other.
1. training in management skills and data storage: this can be done immediately after high school
2. certification in MIS: this is a form certification, that is noteworthy. It can be done before a college or university degree.
3. bachelor's degree in business administration: this is obtained at a university level.
4. master's degree in business administration: this is often regarded as a postgraduates degree and can only be obtained after a first degree
5. career growth: after acquiring knowledge, here comes the stage to apply all the knowledge acquired in the obvious that in the real world either as an employee, inventor, or innovation.
Training in management skills and data storage, certification in MIS:, bachelor's degree in business administration:, master's degree in business administration: and career growth is the right way of doing business information management.
Why Training in management skills are important for the person?Training a development is very essential part in the management degree as it facilitates the person in giving the leadership quality and increase the confidence level of person, other important features of training are -
Communication has improved.Boost your productivity. More productive employees spend more time at work.Reduced Loss. Improved Morale.Thus, the statements are arranged above.
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The production cost in GHC per week of producing x computers is given by
\(c(x) = 4000 - 32x + 0. 08 {x}^{2} + 0. 00006 {x}^{3} \)
and the demand function for the computers is given by
\(p(x) = 250 + 0. 02x - 0. 001 {x}^{2} \)
What is marginal cost, marginal product, and marginal revenue. When
\(x = 200 \)
and
\(x = 400\)
what does theses numbers tells you about marginal cost, marginal product and marginal revenue
Answers
When x = 200 and x = 400, you can calculate the values of marginal cost, marginal product, and marginal revenue at these specific production levels. These numbers will provide insights into the changes in cost, production, and revenue associated with increasing the quantity produced from 200 to 400 units.
Marginal cost represents the additional cost incurred by producing one more unit of output. It is calculated as the derivative of the cost function with respect to the quantity produced (x). In this case, the marginal cost can be obtained by taking the derivative of the cost function c(x).
Marginal product refers to the additional output produced by employing one more unit of input. It is calculated as the derivative of the production function with respect to the quantity produced (x).
However, the given problem does not provide a production function explicitly, so it is not possible to determine the marginal product.Marginal revenue represents the additional revenue generated by selling one more unit of output.
It is calculated as the derivative of the revenue function with respect to the quantity sold (x). In this case, the revenue function can be obtained by multiplying the price function p(x) by the quantity produced (x).
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Question 2 of 10
Before taking the exam to receive CPA certification, a person must:
A. complete two years of professional education.
B. complete a one-to two-year supervised internship program.
C. gain two years of experience in financial management.
D. complete at least 120 credit hours of postsecondary education.
SUBMIT
what's the answer please
Answers
Before taking the exam to receive CPA certification, a person must complete at least 120 credit hours of postsecondary education.
What is a CPA certification?The CPA certification means the certified public accountant certification which is a designation given to those who meet education and experience requirements and pass an exam.
Hence, the requirement to take the exam to receive CPA certification, a person must complete at least 120 credit hours of postsecondary education.
Therefore, the Option D is correct.
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The following is a Binomial Option Pricing Model question. There will be 7 questions asked about it. Since the order of questions chosen is random, I suggest you solve the following all at once and choose your answer to each part as it comes up.You will be asked the following questions:1. What are the values of the calls at maturity, t=2?2. What are the values of the calls at t =1?3. What is the initial (t = 0) fair market price of the call?4. What is the initial (t = 0) hedge ratio?5. What are the hedge ratios at t = 1?6. If one call was written initially, what is the value of the hedged portfolio one period later (t = 1)?7. If the stock moves down in period 1 how would you adjust your t = 0 hedge by trading only stock?
Answers
The Binomial Option Pricing Model is a mathematical model used to value options by breaking down the option into a series of two possible future stock prices and calculating the expected value of the option at each step. The model assumes that the stock price can either go up or down by a certain amount in each period, and the probabilities of each outcome are known.
We would need more information about the specific option being priced, such as the strike price and the current stock price. Once we have that information, we can use the Binomial Option Pricing Model to calculate the values of the calls at each period, the fair market price of the call at t=0, and the hedge ratios at each period.
The explanation for question 6 is that if one call was written initially and we want to hedge it, we would need to buy a certain amount of the underlying stock to offset any potential losses from the option. The value of the hedged portfolio at t=1 would depend on the stock price movement and the hedge ratio used.
For question 7, if the stock moves down in period 1, we would need to buy more stock to maintain the hedge ratio and offset the potential loss from the option. The amount of stock we would need to buy would depend on the new stock price and the hedge ratio.
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Your roommate told you she doesn’t need renter’s insurance because her parent’s homeowner’s policy covers her stuff. Is she correct? Explain your answer.
Answers
Answer: no she is not correct because if she has her own house or apartment then no she is not on homeowner's insurance. now she has to get her own.
Explanation:
hope this helps.
The roommate should not be correct.
What is insurance?Insurance represents the arrangement where the company or the government agency gives the guarantee with respect to the compensation for the particular loss, damage and in return, the payment should be made with respect to the premium. Also, she is not correct since she has her own house so it is not the homeowner insurance.
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a company had net sales of $640,000, total sales of $790,000, and average accounts receivable, net of $77,000. its accounts receivable turnover equals: multiple choice 0.10 0.12 10.26 0.81 8.31
Answers
The accounts receivable turnover is 8.31 if a company had a net of $77,000. Thus, option D is correct.
Net sales = $640,000
Total sales = $790,000
Average accounts receivable = $77,000
The accounts receivable turnover is a ratio that calculates a company's accounts receivable and replaces them in a given period of time.
The formula for accounts receivable turnover is calculated by using the formula:
Accounts Receivable Turnover = Net Credit Sales / Average Accounts Receivable
Accounts Receivable Turnover = $640,000 / $77,000
Accounts Receivable Turnover = 8.31
Therefore, we can conclude that the accounts receivable turnover is 8.31.
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What should a company do to get immediate customer feedback about a product
Answers
Answer:
ig it would be email lol i need points
Does the United States have a crime "problem" compared to other advanced and industrialized nations? Why or why not?
Why are the definitions of crime and criminal behavior critically important to political entities? Explain.
Answers
Assessing whether the United States has a crime "problem" compared to other advanced and industrialized nations is a complex matter that requires careful analysis and consideration of various factors. It is essential to recognize that crime rates and their comparison can be influenced by numerous socio-economic, cultural, and demographic factors.
Here are some points to consider:
Crime Rates: When evaluating crime levels, it is crucial to examine various crime indicators, such as violent crime rates, property crime rates, or specific types of offenses. Comparative analysis should consider the specific types of crimes and the frequency at which they occur.
Data and Reporting: Comparing crime rates across nations can be challenging due to differences in reporting practices, data collection methodologies, and legal definitions. Variations in crime reporting and recording practices can affect the accuracy and comparability of crime statistics.
Socio-economic Factors: Crime rates are influenced by socio-economic factors such as poverty, income inequality, unemployment rates, educational attainment, and social welfare systems. These factors can vary among countries and have an impact on crime levels.
Cultural and Demographic Differences: Cultural and demographic factors, including population density, diversity, social norms, and attitudes towards crime, can also affect crime rates. These factors can differ significantly among nations, leading to variations in crime levels.
Regarding the definitions of crime and criminal behavior, they are critically important to political entities for several reasons:
Legal Framework: Definitions of crime form the foundation of a country's legal system. They define what actions are considered unlawful and provide guidelines for law enforcement, the judiciary, and the criminal justice system to identify, prosecute, and punish offenders.
Consistency and Fairness: Clear and precise definitions of crime ensure consistency and fairness in the application of laws. It helps prevent arbitrary or discriminatory enforcement and ensures equal treatment under the law.
Public Safety and Order: Defining criminal behavior helps protect public safety and maintain social order. By identifying and categorizing certain behaviors as crimes, governments can establish rules and regulations that help deter individuals from engaging in harmful actions and protect citizens from harm.
Resource Allocation: Accurate definitions of crime assist in resource allocation for law enforcement, judicial processes, and correctional systems. It enables governments to focus their efforts and resources on combating specific types of criminal behavior based on their severity and impact on society.
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WILL MARK BRAINLIEST!
Which of the following professionals is most closely associated with a company’s reputation?
-Public relations specialists
-Market research analysts
-Art directors
-Advertising, promotions, and marketing managers
Answers
Answer:
Public relations specialists
Explanation:
Public relations specialists refer to individuals who develop and maintain the public image i.e. favorable for the company in which they present. Here the perception of the organization should be shape aslo it would be increase the awareness towards the work and goals
Therefore according to the given situation, the professional that is closely linked with the reputation of the company is public relations specialist
In general, a decrease in consumer income will have what effect on demand for normal goods?.
Answers
Income and demand for common commodities are tightly correlated, which means that as income rises, demand will follow suit and vice versa if income falls.
How does the demand for everyday commodities depend on consumer income?
A typical good is one whose demand rises as a result of an increase in consumer income. In other words, as earnings rise, so does demand for typical commodities; conversely, when wages fall or employment decreases, so does demand.
Do common goods decline when income falls?
A good whose demand increases as a result of an increase in pay, such as when a person's income increases, is referred to as a normal good. Contrarily, when income falls, as it can due to a wage cut or a layoff, the demand for regular items reduces.
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3.
A general rise in prices throughout an economy is called
A. inflation
B. deflation
C.
D. fiscal policy
per capita GDP
Answers
Answer:A
Explanation:
Adoption of ASC Topic 842 related to leases represents a Multiple Choice o voluntary change in accounting principle.o mandatory change in accounting estimate. o voluntary change in accounting estimate. o mandatory change in accounting principle. Which of the following accounting principle changes typically is reported prospectively? Multiple Choice o Adopting ASC topic 606 on revenue recognition on the standard's effective date. o Changing inventory method from LIFO to FIFO.o Changing inventory method from FIFO to LIFO.o Changing reporting of investments from the equity method to the fair value method. ASC Topic 606 on Revenue Recognition requires which transition method? Multiple Choice o Modified retrospective approach o Full retrospective restatement o Retrospective restatement or prospective approach o Full retrospective restatement or modified retrospective approach
Answers
Adoption of ASC Topic 842 related to leases represents D. mandatory change in accounting principle.
What exactly is ASC 842 adoption?According to the ASC 842 standard for GAAP lease accounting, all leases lasting more than 12 months must be recorded as assets and liabilities on balance sheets. This new standard was developed by the Financial Accounting Standards Board (FASB) to promote greater transparency between investors and businesses.
A contract is or contains a lease if the contract conveys the right to control the use of identified property, plant, or equipment (an identified asset) for a period of time in exchange for consideration," states ASC 842-10-15-3.
A change in accounting principle may be required by newly issued guidance or as a result of the reporting entity's decision to adopt a different accounting principle because it is preferable.
Therefore, based on the information, the correct option is D.
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You are valuing the stock of Microsoft Corp. You estimate the fair value of the stock of $270. Currently the stock is trading at $244.37. Your recommendation should be:
Answers
Answer: buy the stock
Explanation:
Fair value refers to the price of an asset that's determined by the buyer and the seller. It's the worth of an asset. The market value is the price an an asset is sold in the marketplace.
By comparing the fair value and the market price, one can know if to invest in a asset or not. Since the fair value is more than the market price, then the should be bought.
Q.4 A bond's credit rating provides a guide to the its risk. Long-term bonds rated Aa currently offer yields to maturity of 7.5%. A-rated bonds sell at yield of 7.8%%. If a 10-year bond with a coupon rate of 7% is downgraded by Moody's from Aa to A rating, what is the likely effect on the bond price?
Answers
The given data:Long-term bonds rated Aa offer yields to maturity of 7.5%.A-rated bonds sell at a yield of 7.8%.A 10-year bond with a coupon rate of 7%. It is downgraded by Moody's from Aa to A rating.The likely effect on the bond price if a 10-year bond with a coupon rate of 7% is downgraded by Moody's from Aa to A rating can be explained as follows:
Bonds, like stocks, are investments that are primarily driven by supply and demand. If there is a high demand for a bond, its price rises, while if there is a low demand, the bond price falls.A bond's rating indicates the risk involved in investing in the bond. The lower the bond rating, the higher the risk. As a result, when Moody's downgraded the bond from Aa to A rating, it indicated that there was an increase in the risk associated with the bond, making it less attractive to investors.The yield of a bond refers to the rate of return an investor will earn from the bond. If a bond's rating is downgraded, the yield on that bond may increase, making it more attractive to investors who are willing to take on additional risk. As a result, the bond price may fall as demand for the bond decreases and yields rise. Therefore, the likely effect of a downgrade in the bond rating would be a decline in bond prices.
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Chapter 3 -Self practice on document flowchart The department that develops a vacancy must first complete a Job Vacancy form, which it forwards to my department. We then advertise for the position and, with the help of the requesting department, interview applicants. When the vacancy is filled, the HR department prepares a position hiring form (PHF) in triplicate. We file the first copy in a manual file, which is organized by employee Social Security number: We staple the third copy to the job vacancy form and return it to the requesting department, where clerks file it alphabetically by employee last name. The HR department forwards the second copy of the PHF to the Payroll department. The Payroll department uses the form as an authorization document to create a payroll record for the new employee. Thus, the information on the form is keyed directly into the company's computer system using an online terminal located in the payroll office. This copy of the PHF is then filed numerically for reference and also as evidence that the form has been processed. The cashier opens the mail containing cash payments and remittance advices that have been forwarded by customers as payments on their accounts. The cashier prepares a batch control total of the mail receipts and sends this document to the general ledger clerk for posting to the general ledger. The remittance advices are sent to the accounts receivable clerk for posting to the accounts receivable ledger. The cashier then prepares two copies of a deposit slip, deposits the cash at the bank, and files the second copy of the deposit slip, which has been validated at the bank, by date. The general ledger clerk posts the batch control total to the general ledger and then files the batch control total by date. The accounts receivable clerk posts the remittance advices to the accounts receivable ledger and then files the remittance advices by date.
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The department that develops a vacancy must first complete a Job Vacancy form, which it forwards to my department, is given below: Job Vacancy form is used when there is a vacancy in the company.
The department that develops a vacancy must first complete a Job Vacancy form and then forward it to the HR department. HR then advertises for the position and with the help of the requesting department, interview applicants.When the vacancy is filled, the HR department prepares a position hiring form (PHF) in triplicate. They file the first copy in a manual file, which is organized by the employee's Social Security number.
They staple the third copy to the job vacancy form and return it to the requesting department, where clerks file it alphabetically by employee last name. The HR department forwards the second copy of the PHF to the Payroll department. The Payroll department uses the form as an authorization document to create a payroll record for the new employee.
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