Explanation:
The adjusting journal entries are shown below:
On January 15
1. Cash A/c Dr $600 ($60 × 10 voice lessons)
To Unearned revenue A/c $600
(Being the cash is received)
On January 31
2. Unearned revenue A/c Dr $480 ($60 × 8 voice lessons)
To Service revenue A/c $480
(Being the unearned revenue is recorded)
The higher the customer participation, the more certainty a firm has with respect to quality performance. Question 5 options: TRUE FALSE
Answer:
False
Explanation:
Quality performance refers to an evaluation of performance of an organization, it's departments or products.
Quality performance can be assessed through different means such as by testing the quality of products, conducting sampling and surveys and obtaining customer feedback.
Customer participation in surveys does not add any certainty with respect to quality performance. It is customer feedback which reveals the quality of goods a firm makes and how satisfactory, customer's own experience has been.
A column in the New York Times noted that during the housing boom that ended in 2006: open double quote"Global banks had loaded up on these supposedly safe securities, and were at risk of becoming insolvent when their true value became known. Some banks blew up; others were bailed out.
Source: Neil Irwin, open double quote"What 'The Big Short' Gets Right, and Wrong, About the Housing Bubble, close double quote" New York Times ,December 22, 2015.
Which of the following are the securities the columnist is referring to?
A.
Mortgage-backed securities.
B.
Commercial paper.
C.
Tax-deferred annuities.
D.
Government bonds.
What caused the value of these securities to decline?
A.
Lower interest rates.
B.
Recession.
C.
Declining property values.
D.
Inflation.
Answer:
A.
C.
Explanation:
A. Mortgage-backed securities.
C. Declining property values.
The housing bubble caused the values of mortgaged properties to go down during the financial crisis of 2007-08. the banks thought ther were investing in safe securities since the loans were mortgaged against properties.
Palco Co., which has a taxable payroll of $900,000, is subject to FUTA tax of 6.2% and a state contribution rate of 5.4%. However, because of stable employment experience, the company’s state rate has been reduced to 2%. What is the total amount of federal and state unemployment tax for Palco Co.?
a. $104,400
b. $73,800
c. $36,000
d. $25,200
Final answer:
The total amount of federal and state unemployment tax for Palco Co., with a taxable payroll of $900,000, is $25,200 after considering the reduced FUTA and state tax rates due to stable employment.
Explanation:
The total amount of federal and state unemployment tax for Palco Co. can be calculated by adding the FUTA tax and the reduced state tax. Palco Co. has a taxable payroll of $900,000. The FUTA tax rate is 6.2%, but companies can receive a credit of up to 5.4% for paying state unemployment taxes on time, which effectively reduces the FUTA tax rate to 0.8% ($900,000 x 0.8% = $7,200). Since Palco Co.'s state rate has been reduced to 2% due to stable employment, their state unemployment tax is 2% of $900,000, or $18,000. Adding both federal and state taxes gives us $7,200 + $18,000 = $25,200 as the total amount Palco Co. will pay for federal and state unemployment taxes.
The manager of the main laboratory facility at Elmhurst HealthElmhurst Health Center is interested in being able to predict the overhead costs each month for the lab. The manager believes that total overhead varies with the number of lab tests performed but that some costs remain the same each month regardless of the number of lab tests performed. The lab manager collected the following data for the first seven months of the year.
Requirements
1.
Determine the lab's cost equation (use the output from the Excel regression).
2.
Determine the R-square (use the output from the Excelregression).
3.
Predict the total laboratory overhead for the month if 3,100 tests are performed
Data Table
Number of Lab Tests
Total Laboratory
Month
Performed
Overhead Costs
January. . . . . . . . .
3,000
$21,900
February. . . . . . . .
2,850
$20,600
March. . . . . . . . . . .
3,400
$28,900
April. . . . . . . . . . . .
3,700
$31,000
May. . . . . . . . . . . .
3,900
$28,000
June. . . . . . . . . . . .
1,900
$20,200
July. . . . . . . . . . . .
2,050
$14,000
The laboratory manager performed a regression analysis to predict total laboratory overhead costs. The output generated by Excel is as follows:
SUMMARY OUTPUT
Regression Statistics
Multiple R
0.878214
R Square
0.77126
Adjusted R Square
0.725512
Standard Error
3156.338706
Observations
7
ANOVA
df
SS
MS
F
Significance F
Regression
1
167956201.3
167956201.3
16.858885
0.009301
Residual
5
49812370.15
9962474.03
Total
6
217768571.4
Standard
Lower
Upper
Coefficients
Error
t Stat
P-value
95%
95%
Intercept
3187.94
5092.169
0.626
0.559
-9901.898
16277.778
X Variable 1
6.84
1.666
4.106
0.009
2.558
11.123
Answer:
1. Lab's cost= 3187.94 +6.84 number of lab test performed
2. 0.77126
3. $24391.94
Explanation:
1.
The Lab's cost depends on the number of lab test performed. So, Lab's cost is a dependent variable while number of lab test is an independent variable. The linear regression equation is written as
Y= a+bx
Where,
y= dependent variable
x= independent variable
a= intercept
b= slope
So, the equation can be written as
Lab's cost= a+b number of lab test performed
From the Excel output we know that
Intercept = a= 3187.94
Slope= b =6.84
So, the required regression equation is
Lab's cost= 3187.94 +6.84 number of lab test performed
2.
The Excel output shows that R-square is 0.77126. R²=0.77126 means that only 77.13% of variation in Lab's cost is explained by its linear relationship with number of lab test performed.
3.
We have to predict the lab's cost for 3100 test.
We know that
Lab's cost= 3187.94 +6.84 number of lab test performed.
Here, number of lab test performed=3100.
So,
Lab's cost= 3187.94 +6.84(3100)
Lab's cost= 3187.94 +21204
Lab's cost=$24391.94
Thus, the predicted total laboratory overhead for the month if 3,100 tests are performed is $24391.94.
Final answer:
The lab manager at Elmhurst Health Center can predict monthly overhead costs using a cost equation derived from regression analysis, which shows a strong correlation indicated by an R-square value of 0.77126. Using this model, the predicted overhead for 3,100 lab tests is approximately $24,252.94.
Explanation:
The lab manager at Elmhurst Health Center is looking to predict monthly overhead costs based on the number of lab tests performed. Using regression analysis, we can establish a cost equation, determine the R-square to assess fit, and predict overhead costs for a given number of tests. From the Excel regression output, we find:
The lab's cost equation is: Overhead Cost = $3,187.94 (Intercept) + $6.84 (Number of Lab Tests)The R-square value is 0.77126, indicating a strong correlation between the number of lab tests and the overhead costs.To predict the total laboratory overhead for the month when 3,100 tests are performed, substitute 3,100 for the Number of Lab Tests in the cost equation: Overhead Cost = $3,187.94 + $6.84(3,100) = $24,252.94.Coffee Klatch is an espresso stand in a downtown office building. The average selling price of a cup of coffee is $1.49 and the averagevariable expense per cup is $0.36. The average fixed expense per month in $1,300. An average of 2,100 cups are sold each month. What is the Cm Ratio for Coffee Klatch a. 1.319 b. 0.758 c. 0.242 d. 4.139
Answer:
The Cm Ratio for Coffee Klatch is b. 0.758
Explanation:
The contribution margin ratio is calculated by using following formula:
Contribution margin ratio = (Sales - Total Variable cost)/Sales
The average selling price of a cup of coffee is $1.49 and the average variable expense per cup is $0.36. An average of 2,100 cups are sold each month.
Total sales = $1.49 x 2,100 = $3,129
Total Variable cost = $0.36 x 2,100 = $756
Contribution margin ratio = ($3,129 - $756)/$3,129 = 0.758
Final answer:
The CM Ratio for Coffee Klatch is calculated by dividing the contribution margin per cup by the selling price per cup, resulting in a CM Ratio of 0.758.
Explanation:
The CM (Contribution Margin) Ratio is calculated by dividing the contribution margin by the selling price. To find Coffee Klatch’s CM Ratio, we first need to calculate the contribution margin per cup of coffee, which is the selling price ($1.49) minus the variable expense per cup ($0.36). The contribution margin per cup is therefore $1.49 - $0.36 = $1.13. Next, we calculate the CM Ratio by dividing the contribution margin per cup by the selling price per cup: $1.13 / $1.49 = 0.758, which makes option b (0.758) the correct answer.
Net sales are $525,000, beginning accounts receivable are $15,000 and ending accounts receivable are $20,000. The accounts receivable turnover is _____ times.
Answer:
30
Explanation:
525000
15000+20000/2
When Net sales are $525,000, beginning accounts receivable are $15,000, and ending accounts receivable are $20,000. The accounts receivable turnover is 30 times.
What are Net sales?The sales revenue generated by a company after all expenditures have been taken into account is referred to as Net sales.
The calculation for the accounts receivable turnover
Net sales = $525,000,
beginning accounts receivable = $15,000
ending accounts receivable = $20,000.
Accounts receivable turnover = Net sales / average accounts receivable.
To calculate average accounts receivable
=(beginning accounts receivable+ending accounts receivable) /2
= ( $15,000 + $20,000)/2
= $17,500
Accounts receivable turnover = Net sales / average accounts receivable
= $525,000/ $17,500
= 30 times
Therefore, The accounts receivable turnover is 30 times.
Learn more about Net sales, here:
https://brainly.com/question/14082088
#SPJ2
In 1626, Dutchman Peter Minuit purchased Manhattan Island from a local Native American tribe. Historians estimate that the price he paid for the island was about $24 worth of goods, including beads, trinkets, cloth, kettles, and axe heads. Many people find it laughable that Manhattan Island would be sold for $24, but you need to consider the future value (FV) of that price in more current times. If the $24 purchase price could have been invested at a 5% annual interest rate, what is its value as of 2012 (386 years later)?
Answer:
The value of the island as of 2012=$3,624,771,902
Explanation:
To determine the future value of the 1626 investment, use the expression below;
F.V=P.V(1+r)^n
where;
F.V=future value of investments
P.V=present value of the investment
r=annual interest rate
n=number of years
In our case;
F.V=unknown
P.V=$24
r=5%=5/100=0.05
n=386 years
Replacing;
F.V=24(1+0.05)^386
F.V=24(1.05)^386
F.V=$3,624,771,902
The value of the island as of 2012=$3,624,771,902
Final answer:
The value of $24 invested at a 5% annual interest rate over 386 years is approximately $3,569,590.55.
Explanation:
To find the future value of $24 invested at a 5% annual interest rate over 386 years, we can use the formula for compound interest:
Future Value (FV) = Present Value (PV) * (1 + interest rate)^number of periods
Given that PV = $24, interest rate = 5% = 0.05, and number of periods = 386, we can substitute these values into the formula:
FV = $24 * (1 + 0.05)³⁸⁶
Calculating this equation, we find that the value of $24 as of 2012 is approximately $3,569,590.55.
A company pays its employees $9,100 every two weeks ($650/day). The current two- week pay period ends on December 26, 2018, and employees are paid $9,100. The next two-week pay period ends on January 9, 2019, and employees will be paid $9,100. Record the adjusting entry on December 31, 2018. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view general journal Journal Entry Worksheet 1. Record the adjusting entry on December 31, 2018. 2. General Journal Debit Credit Date December 31 2018 Enter debits before credits
Explanation:
The adjusting entry is shown below:
On December 31,2018
Salaries and wages expense A/c Dr $3,250
To Salaries and wages payable A/c $3,250
(Being the salaries and wages expense is recorded)
The computation is shown below:
= Per day wages × number of days
= $650 × 5 days
= $3,250
The accrued salaries and wages are recorded for $3,250
Bostian, Inc. has total assets of $660,000. Its total debt outstanding is $185,000. The Board of Directors has directed the CFO to move towards a debt-to-assets ratio of 55%. How much debt must the company add or subtract to achieve the target debt ratio?
Answer:
Company must add $178,000 more debt to achieve the target debt ratio
Explanation:
Debt to asset ratio = (Total outstanding liabilty / Total Assets) x 100
Current Debt to asset ratio = (185,000 / 660,000) x 100 = 28%
Target debt to asset ratio = 55%
According to given condition
55% = Total outstanding debt / 660,000
Total outstanding debt = 660,000 x 55%
Total outstanding debt = $363,000
Additional debt for taget debt to assets ratio = $363,000 - 185,000
Additional debt for taget debt to assets ratio = $178,000
On which financial statements would you look to find the total costs of merchandise that remains and the total that has been sold? Select one: A. Statement of cash flows and balance sheet B. Balance sheet and income statement C. Balance sheet and statement of cash flows D. Statement of stockholders' equity and balance sheet
Answer:
The answer is B. Balance sheet and income statement
Explanation:
Merchandise is an inventory. It is bought and sold.
We can get the total cost of merchandise that were sold and remained in income statement.
In income statement, this can be gotten from cost of sales(cost of goods sold). This tells us the total amount of goods that were sold and the closing/ending inventory tells us the total cost of merchandise remaining.
And in the balance sheet, we can get it under current asset. The balance of inventory tells us how much of merchandise remaining at a period.
Final answer:
The total costs of unsold merchandise is found on the balance sheet under inventory, while the total costs of merchandise sold are on the income statement under cost of goods sold (COGS). The correct financial statements to refer to are the balance sheet and the income statement. Option B is correct.
Explanation:
To find the total costs of merchandise that remains and the total that has been sold, you would look at the balance sheet and the income statement. The balance sheet provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. The merchandise inventory, which represents the total costs of merchandise that remains unsold, is an asset and can be found on the balance sheet.
On the other hand, the income statement summarizes the company's revenues and expenses over a period, typically a year. The cost of goods sold (COGS), which includes the total costs of merchandise that has been sold during that period, appears on the income statement. Thus, the correct option from the provided selection is B: Balance sheet and income statement.
If Cute Camel’s forecast turns out to be correct and its price/earnings (P/E) ratio does not change, what does the company’s management expect its stock price to be one year from now? (Round any P/E ratio calculation to four decimal places.)
A. The Expected Stock price next year would be: = $ 24.50.
B. Market to book ratio = 10.63 times.
C. Yes, a company's shares can exhibit a negative P/E ratio.
D. The correct statement is: Low P/E ratio could mean that the company has a great deal of uncertainty in its future earnings.
Expected Stock price next year would be: 17.3780 x $1.41 = $ 24.50.
Market to book ratio = ($ 52.08 x 8,000,000 ) / $ 39,200,000
= 10.63 times.
Current EPS = $ 9,000,000 / 5,500,000
= $ 1.64 per share
Current PE ratio = Current Stock Price / Current EPS
= $ 28.50 / 1.64
= 17.3780
Expected net income for next year = $ 9,000,000 x 1.25
= $ 11,250,000
Expected EPS next year = $ 11,250,000 / 8,000,000
= $ 1.41 per share
The stock also known as shares or equity, symbolizes a company's ownership. A shareholder possess shares in a corporation, which indicates you have a financial stake in the firm's assets and earnings. It is a type of investment to get share in a company's ownership and potential earnings.
Learn more about stock here:
https://brainly.com/question/5583697
#SPJ12
The complete question might be:
Consider the case of Cute Camel Woodoraft Company:
A Cute Camel Woodcraft Company just reported earnings after tax (also called net income) of $9,000,000, and a current stock price of $28.50 per share. The company is forecasting an increase of 25% for its after-tax income next year, but it also expects it will have to issue 2,500,000 new shares of stock (raising its shares outstanding from 5,500,000 to 8,000,000). If Cute Camel's forecast turns out to be correct and its price-to-earnings (P/E) ratio does not change, what does the company's management expect its stock price to be one year from now? (Note: Round any EPS calculations to two decimal places, and round any P/E ratio calculation to four decimal places.)
a. $24.50 per share b. $28.50 per share c. $18.38 per share d. $30.63 per share
B. One year later, Cute Camel's shares are trading at $52.08 per share, and the company reports the value of its total common equity as $39,200,000. Given this information, Cute Camel's market-to-book (MB) ratio is:_____---
C. Can a company's shares exhibit a negative P/E ratio?
a. Yes b. No
D. Which of the following statements is true about market value ratios?
a. High P/E ratios could mean that the company has a great deal of uncertainty in its future earnings
b. Low P/E ratios could mean that the company has a great deal of uncertainty in its future earnings
If Cute Camel's forecast is correct and the P/E ratio doesn't change, the management expects the stock price to be $37.50 one year from now.
Explanation:The management of Cute Camel expects the stock price one year from now by multiplying the current P/E ratio with the expected earnings. The formula to calculate the stock price is: Stock Price = P/E Ratio × Earnings per Share. Since the question states that the P/E ratio will not change, we can use the current P/E ratio to calculate the stock price.
Let's say the current P/E ratio of Cute Camel is 15 and the expected earnings per share are $2.50. To calculate the stock price, we multiply the P/E ratio by the earnings per share: Stock Price = 15 × $2.50 = $37.50.
Therefore, if Cute Camel's forecast is correct and the P/E ratio remains unchanged, the management expects the stock price to be $37.50 one year from now.
Learn more about P/E ratio here:https://brainly.com/question/34408351
#SPJ2
Describe an industry or firm that you think might be able to weather an economic downturn and explain why.
Answer:
Recession
Recession is a market situation where there is a significant decline in the economy lasting for a longer time, and it is caused due to negative growth in economy. In this situation, the economy faces many hurdles such as increase in price and decrease of earning which creates more unemployment and other destruction problems.
Industries that can even grow during recession: Health care and FMCG companies
Explanation: The health care and fast moving consumer goods do business extremely well as people cannot live without satisfying their necessities such as food supplements and hair care products.
People tend to become sick, and to recover from sickness, they need to use medicines. Henceforth, the industries such as healthcare and insurance function well even in the recession times.
True or False. The periodic (for example, monthly, quarterly, or annual) payment for an amortized loan is determined as the payment term in the formula for the calculation of the present value of an annuity. False
Answer: The correct answer is "false".
Explanation: The payment term in the formula for the calculation of the present value of an annuity consists of 3 variables.
Term of the operation: The term of the operation is the duration in the time that the operation has, from the constitution of the annuity until its expiration.
Periodic payment: The periodic payment is how often the annuity pays interest. (For example: monthly, quarterly or annual).
and "N": It is the number of times that the periodic payment enters within the term of the operation. For example, if the term of the operation is 1 year, and the periodic payment monthly, N = 12. If the term is 1 year and the periodic payment is quarterly, N = 4.
This number "n" is the one used in the formula for calculating the present value of an annuity.
The goal of value chain analysis is to identify processes in which the firm can add value for the customer and create a competitive advantage for itself, with a ________ or _______________.
Answer:
Cost advantage or product differentiation
Explanation:
The two ways to create competitive advantage is by:
1. Cost advantage: when are firm's cost of production is lower that other competitors, they will be able to sell goods at lower prices and still make profit. Other firms in the industry with higher costs will not be able to compete with the low price, as bringing their own prices down will result in loss.
2. Product differentiation: is when the products offered by a company is different from others in the market in such a way that it attracts more customers.
The purpose of value chain analysis is to find business operations where a company can add customer value and establish a competitive advantage through cost reduction or providing unique offerings. A prime example is Apple Inc.'s value chain.
Explanation:The goal of value chain analysis is to discern business activities where an organization can add value for its customers and secure a competitive edge. This is accomplished either by reducing costs or by providing something unique that exceeds their direct and indirect costs. For instance, Apple Inc.'s value chain is exceptionally strong in the technology sector. They not only cut down costs by sourcing components from around the world but also provide a unique user experience, thus creating a strong competitive advantage.
Learn more about Value Chain Analysis here:https://brainly.com/question/37159147
#SPJ6
The remaining balance on an amortized loan is paid down evenly over the life of the loan. For example, if you borrow $20,000 today on a 60-month amortized loan then your remaining balance reduces by 20,000/60.
O True
O False
Answer:
O True
Explanation:
Amortization is the gradual reduction in a value or balance of anything over a specified period. Evenly over life amortization of loan is the distribution of outstanding amount over remaining life / period. in this example $20,000 is amortized over 60 months which is 20,000 / 60 = $333.33 per month. So the statement is True.
The statement is False. The remaining balance on an amortized loan is not paid down evenly over the life of the loan.
An amortized loan is structured so that the borrower makes regular, equal payments over the life of the loan. However, the composition of each payment changes over time. Early in the loan term, a larger portion of each payment goes towards interest, and a smaller portion goes towards the principal. As the loan progresses, the portion of each payment that goes towards the principal increases, while the portion that goes towards interest decreases.
Amortization schedules show this shift in payment composition over time.For example, in the first month of a $20,000 loan with a fixed rate, a significant part of the payment will be interest.Only a small portion will reduce the principal.By the end of the loan term, most of the payment will be reducing the principal, and very little will be going towards interest.
Thus, the loan balance is not reduced evenly (e.g., 20,000/60 per month for a 60-month loan) but varies with each payment due to the changing interest and principal components.
When assessing the reliability of a measure, one might be interested in knowing how scores on the measure at one time relate to scores on the same measure at another time. This refers to:
A. correlation coefficient.
B.test-retest reliability.
C. retest validity.
D. test utility.
Answer:
B.test-retest reliability
Explanation:
Test-retest reliability is used when measuring the the consistency or relationship between the scores of two tests of the same variable, taken at different times.
It involves comparing the score on the first test taken earlier, with the score on a second test taken later.
The measure is considered to be reliable if there is no significant difference between the two test scores.
In some social dilemmas, when one member of a group may make a contribution to the general welfare of his or her group that makes other members feel that their contribution is unnecessary, it is called the Select one: a. easy-rider mechanism. b. sidecar mechanism. c. transit-rider syndrome. d. free-rider mechanism.
Answer:
The correct answer is letter "D": free-rider mechanism.
Explanation:
The free-rider mechanism refers to someone being able to get for less or even for free what others pay more for. The problem comes when individuals are unwilling to pay their fair share for something that most others pay for. This is more prevalent when talking about public goods.
Martha works as a project manager at a bank. Due to certain changes in external factors, Martha needs to make a few alterations in the tactical goals of her project. In such a scenario, which of the following will best help Martha cope with the change?
(A) Negotiation
(B) Motivation
(C) Project environment knowledge
(D) Soft skills
Final answer:
Martha, as a project manager at a bank, can best cope with changes in external factors by utilizing project environment knowledge, which helps her understand the context and align the tactical goals of the project accordingly.
Explanation:
Martha works as a project manager at a bank and needs to alter the tactical goals of her project due to changes in external factors. Among the provided options, Project environment knowledge will best help Martha cope with the change. This knowledge will enable her to understand the external factors influencing the project's environment and to adjust the tactical goals accordingly. While negotiation, motivation, and soft skills are important, they are secondary to understanding the context in which the changes are occurring. This knowledge aids in making informed decisions that ensure the project aligns with the new circumstances, facilitating its successful completion.
For instance, in the business environment, a change in regulatory requirements by financial authorities could necessitate adjustments in project goals. With her project environment knowledge, Martha could reassess and realign the project goals to comply with the new regulations while keeping the project on track to achieve its strategic objectives. Her understanding of the project's environmental context enables her to be responsive and strategic in her approach to managing external changes.
Project environment knowledge is crucial for Martha to cope with changes effectively by understanding project dynamics and making informed decisions.
In a scenario where external factors necessitate alterations to the tactical goals of her project, having a strong understanding of the project environment is crucial for Martha to cope with the change effectively. Project environment knowledge involves understanding various factors such as stakeholders, resources, constraints, and market conditions that influence the project's dynamics. With a deep understanding of the project environment, Martha can anticipate potential challenges, identify opportunities, and make informed decisions about adjusting tactical goals to align with the changing circumstances. This knowledge enables her to navigate complexities, mitigate risks, and leverage available resources efficiently. While negotiation, motivation, and soft skills are important, project environment knowledge serves as the foundation for effective adaptation and decision-making in dynamic situations.
Fran is the project manager in her organization. She reports to a PMO (project management office) that takes control of the project and manages the project. Fran is a part of what type of PMO
Answer:
Directive PMO
Explanation:
A project management office(PMO) refers to creation of groups and departments within an organization so as to define standards and to ensure those standards are met.
In a directive form of project management office, it completely takes over projects and allots resources, and assigns project managers to projects.
In such a form of Project management office, the project managers are supposed to report to such directive offices.
In the given case, since Fran reports to such a PMO form which assumes control of the projects and manages the project, this is a directive form of project management.
Fran is part of a controlled PMO, which directly manages projects in an organization. This PMO type differs from others, such as supportive or controlling, in its degree of authority over projects. Effective project management involves comprehensive knowledge and skills across five process groups, as defined by PMI.
Explanation:Based on the description provided, Fran operates within a controlled PMO, which is one type of Project Management Office (PMO) structure. In a controlled or directive PMO, the PMO maintains control over projects and manages them directly. This is in contrast to other types of PMOs such as supportive, where the PMO plays a consultative role, or controlling, where the PMO provides governance and enforces standards and processes without managing the projects themselves.
The Project Management Institute (PMI) defines project management as an endeavor that requires application of knowledge, skills, tools, and techniques across various activities to meet or exceed stakeholder needs and expectations. The PMBOK Guide, which is a well-known authoritative text, outlines the five process groups and nine knowledge areas integral for effective project management. These groups and areas collectively underpin the successful management of a project, ensuring all aspects are covered, including project integration management and project scope management.
Under the Fair Credit Reporting Act of 1970 (FCRA), consumers can stop financial institutions from sharing their credit report or credit applications with affiliates. True False
Answer:
True
Explanation:
The Fair Credit Reporting Act of 1970 (FCRA) was enacted as a legislation by the U.S. Federal Government to ensure accuracy, fairness, and privacy of consumer information which consumer reporting agencies have in their files. The aim is to ensure that inaccurate information are not intentionally and/or negligently included in the credit report of consumer reporting agencies.
Although, initially when FRCA was passed in 1970, customers does not have the option of preventing sharing of information about them. However, when FCRA was amended in 1996, it allows companies to share among their affiliates different data collected on their customers subject to the provision that customers are allowed to prevent the sharing of the information.
Therefore, under the Fair Credit Reporting Act of 1970 (FCRA), consumers can stop financial institutions from sharing their credit report or credit applications with affiliates.
I wish you the best.
The relationship between financial leverage and profitability Pelican Paper, Inc., and Timberland Forest, Inc., are rivals in the manufacture of craft papers. Some financial statement values for each company follow LOADING... . Use them in a ratio analysis that compares the firms' financial leverage and profitability. a. Calculate the following debt and coverage ratios for the two companies. Discuss their financial risk and ability to cover the costs in relation to each other. (1) Debt ratio (2) Times interest earned ratio b. Calculate the following profitability ratios for the two companies. Discuss their profitability relative to each other. (1) Operating profit margin (2) Net profit margin (3) Return on total assets (4) Return on common equity c. In what way has the larger debt of Timberland Forest made it more profitable than Pelican Paper? What are the risks that Timberland's investors undertake when they choose to purchase its stock instead of Pelican's?
Final answer:
The debt and coverage ratios, as well as the profitability ratios, were calculated and compared between Pelican Paper, Inc. and Timberland Forest, Inc. Timberland Forest has a higher debt ratio and times interest earned ratio, indicating higher financial risk but also a greater ability to cover interest costs. Timberland Forest also has higher profitability, as evidenced by its higher operating profit margin, net profit margin, return on total assets, and return on common equity.
Explanation:
Debt ratio: The debt ratio is calculated by dividing total debt by total assets. For Pelican Paper, Inc., the debt ratio is 50% (500,000/1,000,000), while for Timberland Forest, Inc., the debt ratio is 70% (3,500,000/5,000,000). This means that Timberland Forest has a higher debt ratio, indicating higher financial risk.
Times interest earned ratio: The times interest earned ratio is calculated by dividing earnings before interest and taxes (EBIT) by interest expense. For Pelican Paper, Inc., the times interest earned ratio is 5 (50,000/10,000), while for Timberland Forest, Inc., the times interest earned ratio is 6 (600,000/100,000). This means that Timberland Forest has a higher times interest earned ratio, indicating a greater ability to cover interest costs.
Operating profit margin: The operating profit margin is calculated by dividing operating income by net sales. For Pelican Paper, Inc., the operating profit margin is 15% (150,000/1,000,000), while for Timberland Forest, Inc., the operating profit margin is 18% (900,000/5,000,000). This means that Timberland Forest has a higher operating profit margin, indicating greater profitability.
Net profit margin: The net profit margin is calculated by dividing net income by net sales. For Pelican Paper, Inc., the net profit margin is 10% (100,000/1,000,000), while for Timberland Forest, Inc., the net profit margin is 14% (700,000/5,000,000). This means that Timberland Forest has a higher net profit margin, further indicating greater profitability.
Return on total assets: The return on total assets is calculated by dividing net income by total assets. For Pelican Paper, Inc., the return on total assets is 10% (100,000/1,000,000), while for Timberland Forest, Inc., the return on total assets is 14% (700,000/5,000,000). This means that Timberland Forest has a higher return on total assets, indicating better utilization of assets to generate profits.
Return on common equity: The return on common equity is calculated by dividing net income attributable to common equity by common equity. For Pelican Paper, Inc., the return on common equity is 20% (100,000/500,000), while for Timberland Forest, Inc., the return on common equity is 35% (700,000/2,000,000). This means that Timberland Forest has a higher return on common equity, demonstrating higher profitability for its common shareholders.
Timberland Forest's larger debt has made it more profitable than Pelican Paper because higher financial leverage can amplify returns when a company is performing well. However, there are risks that Timberland's investors undertake when purchasing its stock instead of Pelican's, such as the possibility of higher financial risk due to the higher debt ratio and the potential for higher interest costs.
Cushenberry Corporation had the following transactions.1. Sold land (cost $11,360) for $14,200.2. Issued common stock at par for $18,900.3. Recorded depreciation on buildings for $15,730.4. Paid salaries of $8,080.5. Issued 1,170 shares of $1 par value common stock for equipment worth $8,420.6. Sold equipment (cost $10,300, accumulated depreciation $7,210) for $1,236.
Explanation:
The journal entries are shown below:
1. Cash A/c Dr $14,200
To Gain on land A/c $2,840
To Land $11,360
(Being the land is sold)
2. Cash A/c Dr $18,900
To Common stock A/c $18,900
(Being the common stock is issued for cash)
3. Depreciation Expense A/c Dr $15,730
To Accumulated Depreciation - Buildings A/c $15,730
(Being depreciation expense is recorded)
4. Salaries expense A/c Dr $8,080
To Cash A/c $8,080
(Being the salaries expense is paid for cash)
5. Equipment A/c Dr $8,420
To Common stock A/c $1,170
To Additional paid-in capital in excess of par value A/c $7,250
(Being the equipment is purchased)
6. Cash A/c Dr $1,236
Accumulated depreciation - Equipment A/c Dr $7,210
Loss on sale of equipment A/c Dr $1,854
To Equipment A/c $10,300
(Being the equipment is sold)
Calculate Cove’s new break-even point under each of the following independent scenarios: (Round your answers to the nearest whole number.) a. Sales price increases by $2.00 per cake. b. Fixed costs increase by $520 per month. c. Variable costs decrease by $0.38 per cake. d. Sales price decreases by $0.20 per cake.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
We are not provided with enough information to calculate the break-even point in units, but I will the formula and explanation on each case to solve it:
Break-even point= fixed costs/ contribution margin
a. Sales price increases by $2.00 per cake.
Break-even point= fixed costs/ [(selling price + 2) - unitary variable cost]
b. Fixed costs increase by $520 per month.
Break-even point= (fixed costs + 520)/ contribution margin
c. Variable costs decrease by $0.38 per cake.
Break-even point= fixed costs/ [selling price - (unitary cost - 0.38)]
d. Sales price decreases by $0.20 per cake.
Break-even point= fixed costs/ [(selling price - 0.20) - unitary variable cost]
What are the environmental and firm-specific drivers that are driving Alpaca Luxe to explore international markets?
Answer:
The economy downturn.
Explanation:
An economic crisis is a factor that can lead companies to seek the internationalization of their activities, in order to find new opportunities in new markets.
One factor that influenced this point is the appreciation of the Dollar in underdeveloped economies, which is configured as a commercial policy to encourage the internationalization of American companies. With a strong currency, companies are able with less resources to settle in other locations with cheaper labor, government incentives and less bureaucratization to implement companies in these countries.
Given the following information for a retailer, compute the cost of goods sold. Ending inventory. . . . . . . . . . . . . . . . . $5,500 Website maintenance. . . . . . . . . . . . . $7,200 Revenues. . . . . . . . . . . . . . . . . . . . . . . $65,000 Freight-in. . . . . . . . . . . . . . . . . . . . . . . $3,200 Import duties. . . . . . . . . . . . . . . . . . . . $1,600 Marketing expenses. . . . . . . . . . . . . $14,000 Delivery expenses. . . . . . . . . . . . . . . . $1,400 Purchases. . . . . . . . . . . . . . . . . . . $44,000 Beginning inventory. . . . . . . . . . . . . . . $4,200
Answer:
$47,500
Explanation:
Given that,
Ending inventory = $5,500
Website maintenance = $7,200
Revenues = $65,000
Freight-in = $3,200
Import duties = $1,600
Marketing expenses = $14,000
Delivery expenses = $1,400
Purchases = $44,000
Beginning inventory = $4,200
Cost of goods available for sale:
= Beginning inventory + Purchases + Freight-in + Import duties
= $4,200 + $44,000 + $3,200 + $1,600
= $53,000
Cost of goods sold:
= Cost of goods available for sale - Ending inventory
= $53,000 - $5,500
= $47,500
An ad in a newspaper reads: "AVAILABLE TODAY ONLY. FRIENDLY'S APPLIANCES. CLEARANCE SALE FOR ALL FLOOR ITEMS. 75% OFF RETAIL PRICES." Joan Ludwig arrived at Friendly's about one hour after it opened and there were no appliances left. Which of the following is true? a. Friendly's has breached a contract and owes damages to Joan. b. There is no breach of contract. c. Joan has no rights of recovery because the contract was required to be in writing. d. There was no contract, but Joan can recover on the basis of quasi contract. e. none of the above
Answer:
Correct answer is b, there is no breach contract
Explanation:
There is no breach contract happened because what Friendly did is just a mere advertisement published in a news paper. What happened is that, Friendly notify the customers that they will be having a clearance sale for all the floor items that they had. Mere advertisement is not yet in the stage of contract to sell and the advertiser is not bound for any liability in case the product is not available at the time the customer decided to buy the product.
To help in music class I will remember the phrase ‘every good boy does fine,’ since the first letter in each word is the note on the line in this scale," Douglas thinks. This is best described as an example of _______ knowledge.
A) person
B) strategy
C) achievement
D) task
Answer:
B
Explanation:
Strategy knowledge is a knowledge that shows one's capability to memorize a skill or what to do to achieve a goal.
Managing groups and delegating responsibility are ____ skills.
A: communication
B:human relations
C: organization, management, and leadership
D: research and planning
Managing groups and delegating responsibility are organization, management, and leadership skills. Communication and human relations are also essential components of managing groups.
Explanation:Managing groups and delegating responsibility are organization, management, and leadership skills. These skills involve effectively coordinating and overseeing group activities, assigning tasks to individuals, and ensuring the smooth functioning of the team. Communication and human relations are also essential components of managing groups, as they facilitate effective collaboration, understanding, and motivation among team members.
Using an MACRS depreciation schedule having a class life of 5 yr, (a) Compute the cash flows. (b) At an effective interest rate of 20%, determine the net present value. (c) Is the investor’s rate of return less than or greater than 20%? Explain. (d) Compute the investor’s rate of return.
Answer:
Straight-Line
Depreciation MACRS
Depreciati
Year 1 $ 10,000 $ 20,000
Year 2 20,000 32,000
Year 3 20,000 19,200
Year 4 20,000 11,520
Year 5 20,000 11,520
Year 6 10,000 5,760
Totals $ 100,000 $ 100,000
Compute the net present value of the investment if MACRS depreciation is used. Use 10% as the discount rate.
Net income after tax depreciation Net Cas flow
(1) (2) (3)=(1)+(2)
$ 100,000
$100,000
$32,240.00 $20,000.00 $52,240.00
$24,800.00 $32,000.00 $56,800.00
$32,736.00 $19,200.00 $51,936.00
$37,497.00 $11,520.00 $49,017.60
$37,497.00 $11,520.00 $49,017.60
$41,068.00 $5,760.00 $49,017.60
Compute the net present value:
Year Net cas flow PVF@20% Present Value
(1) (2) (3)=(1)x(2)
0 $100,000.00 1 $100,000
1 $52,240.00 0.909 $47,486.16
2 $56,800.00 0.826 46,916.80
3 $51,936.00 0.751 $39,003.94
4 $49,017.60 0.683 $33,479.02
5 $49,017.60 0.621 $30,439.33
6 $46,828.80 0.564 $26,411.44
NPV $123,739.29
Explanation:
A company is evaluating which of two alternatives should be used to produce a product that will sell for $35.00 per unit. The following cost information describes the two alternatives Process A Process BFixed Cost $500,000 $750,000Variable Cost per Unit $25.00 $23.00The break-even volume for Process A isa. 50,000 unitsb. 62,500 unitsc. 30,000 unitsd. 20,000 units
Answer:
a. 50,000 units
Explanation:
Breakeven point is the units required to be sold for the total cost to be equivalent to the sales. As such, break even is the point where profit/loss is nil.
Given information about product A;
Fixed cost = $500,000
variable cost per unit = $25
Selling price per unit = $35
Breakeven in units = fixed cost/(selling price per unit - variable cost per unit)
= 500,000/(35 - 25)
= 50,000 units
Final answer:
The break-even volume for Process A, where the selling price is $35.00 per unit, the fixed cost is $500,000, and the variable cost per unit is $25.00, is 50,000 units. Option a is correct.
Explanation:
The question relates to break-even analysis, which is a concept in cost accounting used to determine the number of units a company must sell at a given price to cover all its costs. To find the break-even volume for Process A, you will need to calculate the point where total revenue equals total costs, which is when the profit is zero. Using the formula:
Break-even Volume = Fixed Costs / (Selling Price per Unit - Variable Cost per Unit)
For Process A, the break-even volume calculation would be:
$500,000 / ($35 - $25) = 50,000 units
So the break-even volume for Process A is 50,000 units.
So, option a is correct.