Cass & Company has the following data. How many days is the firm's cash conversion cycle? Inventory conversion period = 50 days Average collection period = 17 days Payables deferral period = 25 days
Answer:
42 days
Explanation:
Given that
Inventory conversion period = 50 days
Average collection period = 17 days
Payable deferral period = 25 days
Now The computation of the cash conversion cycle is shown below:
The cash conversion cycle = Inventory conversion period + Average collection period - Payable deferral period
= 50 days + 17 days - 25 days
= 42 days
Menthorp Inc. wants to design a variable-pay plan that fosters teamwork and business knowledge of its employees. In order to ensure maximum motivation, Menthorp wants its variable-pay plan to show a clear performance-reward link. Which of the following plans is most suitable for Menthorp?1. Gain-sharing plan.
2. Cash profit sharing plan.
3. Stock ownership plan.
4. Stock options plan.
Answer:
cash profit sharing plan -
Explanation:
cash profit-sharing plan - it is one of the sharing plans in the profit-sharing plan. in this profit share directly to the employee through cash, stock, etc.
it is the sharing that is based on profit earned by the organization quarterly or annually. and its whole sole company how much they need to share among the employee.
Some companies cross-list their shares, meaning that their stock trades on more than one stock exchange. For example, BlackBerry Limited, the maker of BlackBerry mobile devices, trades on both the Toronto Stock Exchange and NASDAQ. If its price in Toronto is 59 Canadian dollars per share and anyone can exchange Canadian dollars for U.S. dollars at the rate of US$ 0.93 per C$ 1.00, what must BBRY's price be on NASDAQ?
Answer:
US$55
Explanation:
An exchange rate is the value of the currency of one country compared to the currency of another country.
In this question, the currency of the US, US dollar, is being compared to the currency of Canada, Canadian dollar. This can be mathematically stated as follows:
USD $/C$ = 0.93/1 ............................................. (1)
Equations implies that Canadian dollars can be exchnaged for U.S. dollars at the rate of US$0.93 per C$1.00.
To calculate the BlackBerry Limited's price on NASDAQ, we simply multiply the its price of C$59 on the Toronto Stock Exchange by the exchange rate of 0.93/1 as follows:
BlackBerry Limited's price on NASDAQ = 59 × (0.93/1)
= 59 × (0.93 ÷ 1)
= 59 × 0.93
= US$54.87
Therefore, BlackBerry Limited's share price on NASDAQ is approximately US$55.
I wish you the best.
The Japanese automobile manufacturer Mazda produces the Premacy SUV in Haikou, China at a plant it built in the Chinese province. Mazda is using _____ to engage in global trading.
Answer:
foreign direct investment
Explanation:
Foreign direct investment (FDI) refers to a company from country A investing in another country B, either by setting up their own business operations or acquiring a domestic firm. FDI requires that the new company in country B is controlled and managed by the investor form country A.
Mazda is utilizing foreign direct investment strategy for global trading by establishing a production facility in Haikou, China to manufacture the Premacy SUV.
Explanation:The Japanese automobile manufacturer, Mazda, is using foreign direct investment (FDI) to engage in global trading. FDI occurs when a company invests directly in facilities to produce or market a product in a foreign country. In this case, Mazda has established production facilities in Haikou, China where they produce the Premacy SUV. This strategy allows Mazda to take advantage of cheaper production costs and gain a stronger foothold in the Chinese market, one of the largest automotive markets in the world.
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The Mars company's new Topeka, Kansas, manufacturing plant is the first new facility the company has opened in North America in 35 years. The new plant is which type of tangible resource?
Answer: Physical Resource
Explanation: Physical resource may be described as material assets or tangible resources owned by a business. Physical resources may include buildings, jewelleries and ornaments, land, vehicles, cash and so many other. In most cases, physical resources are visible to the eye and are sellable as they can be easily liquidated and have a set value, they can also be used as collateral for loans and so on. They are essential for financial analysis as it helps evaluate financial status of a business.
Kevin had $6,270 in his savings account at the beginning of this year. This amount includes both the $6,000 he originally invested at the beginning of last year plus the $270 he earned in interest last year. This year, Kevin earned a total of $282.15 in interest even though the interest rate on the account remained constant. This $282.15 is best described as:A. simple interest.
B. interest on interest.
C. discounted interest.
D. complex interest.
E. compound interest.
Answer:
C. discounted interest
Explanation:
Compound interest increases every year, unlike simple interest, which remains constant. The reason why compound interest amount increase is because the interest earned also earns interest. The term compounding refers to adding interest earned to the principal amount. This makes the interest gained in the subsequent period higher as it will be based on a larger principal amount.
Kevin earned a higher interest in the second year because his principal amount increased in the second year. The interest he earned in the second year was added to the principal amount of $6000. He must have a compound earning interest account
Many states have appointed or elected commissions that oversee the business practices of utilities and other industries that serve the public interest. For a company operating in one of these industries, dealing with this important state-level regulatory commission is an important element of the:
A. legal environment.
B. social environment.
C. monopoly environment.
D. technological environment.
E. corporate environment.
Final answer:
A company in a regulated industry, such as utilities, deals with state-level regulatory commissions as part of its legal environment, ensuring compliance with public interest regulations and monopoly management.
Explanation:
For a company operating in an industry that is regulated by state-level commissions, such as utilities, the interaction with these commissions is a key aspect of the legal environment. These regulatory commissions ensure the company abides by laws and regulations designed to protect public interests, regulate monopoly powers, and often, manage businesses that are subject to economies of scale. Dealing with these commissions, therefore, becomes vital, as it affects legal operations like requesting rate increases, justifying business practices, and ensuring compliance with regulatory standards set by the government.
The finance function is relatively independent of most other corporate functions. Marketing decisions, for example, might affect the firm's need for funds but are not affected by conditions in financial markets or other financing issues.A.TrueB.False
Answer:
False
Explanation:
Every single area of an organization works together, even if the people are not actually in the same room or location. What the finance department does affect the whole organization, and what the rest of the organization does affects the finance department. E.g. the CFO is trying to get a new loan. He/she will be able to do it only if the whole organization works properly and is efficient, if not, no bank or investor will lend the organization money.
John Maynard Keynes described economics as an easy subject at which very few excel. Which of the following is not one of the reasons Keynes gave for why so few people excel at the study of economics? An economist must also be a mathematician, historian, statesman, and philosopher in some degree An economist must understand symbols and speak in words. An economist must be purposeful and disinterested in a simultaneous mood. An economist must understand environmental science, regulation, and political science Question 34 (2 points) When an economist points out that you and millions of other people are interdependent, he or she is referring to the fact that we all rely upon the government to provide us with the basic necessities of life rely upon one another for the goods and services we consume have similar tastes and abilities are concerned about one another's well-being Question 35 (2 points) a hor delete brt se C backspace 7 6 5 K G pause L
Answer:
i) . An economist must understand environmental science, regulation, and political science is not one of the reasons Keynes gave for why so few people excel at the study of economics
ii)The answer is we rely upon one another for the goods and services we consume
Explanation:
Johnson Enterprises uses departmental overhead rates to allocate manufacturing overhead to jobs. The company has two divisions: Production and Assembling. The Production Division uses a departmental overhead rate of $40 per machine hour, while the Assembling Division uses a departmental overhead rate of $25 per direct labor hour. Job 757 used the following direct-labor hours and machine hours in each division.
Actual Results
Production Division
Assembling Division
Direct labor (DL) hours
10
7
Machine Hours
12
9
The cost for direct labor is $35 per hour and the cost of the direct materials used by Job 757 is $1,500.
How much manufacturing overhead would be allocated to Job 757 using the departmental overhead rates?
Answer:
$665
Explanation:
The computation of the manufacturing overhead is shown below:
= Departmental overhead rate per machine hour × number of machine hours + departmental overhead rate per direct labor hour × number of direct labor hours
= $40 × 12 hours + $25 × 9 hours
= $480 + $225
= $665
We use only the departmental overhead rate for finding out the manufacturing overhead account
A title for goods obtained by a seller through fraud, impersonation, or a dishonored check is referred to as a(n. ________.
Answer:
voidable title
Explanation:
A voidable title is considered good and valid title until voided.
For example, I purchase a PS4 from my nephew who is a minor and I sell it to my neighbor, and my neighbor purchased it on good faith. My nephew can decide to void the contract because he was a minor, but since I passed good title to my neighbor while the contract was valid, my neighbor doesn't have to return the PS4.
The difference with a void title is that a void title was never good and valid.
On the other hand, if I had stolen the PS4, I would never have good title over it, and I sell it to my neighbor. The rightful owner of the PS4 can claim it back and my neighbor must return it because the contract was void since I never had good title on the PS4.
Suppose an economist advises a state's governor to raise the tax on cigarettes. The governor does not implement the policy because it would not be popular with voters. Which of the following statements best describe the scenario?
a. This is an uncommon occurrence. More often than not, policymakers follow the advise of economists
b. This is a common occurrence. The policymaker knows the best policy but chooses not to institute it for other reasons
c. This would never happen because policymakers always follow economists' advice
d. This is a common occurrence. Policymakers typically disregard economists' advice since they don't believe it's useful
Answer:b. This is a common occurrence. The policymaker knows the best policy but chooses not to institute it for other reasons
Explanation:Policymakers are usually politicians and politicians always consider what is most favoured by the public which is likely to score them more fans and anything that is popular amongst the public they will support so that they win more voters other than that they will neglect even the best policy if it means they may lose their voters.
A matrix organization is any organization in which the project manager or project team leader actually shares responsibility for the project with a number of individual functional managers.A. TrueB. False
Answer:
True
Explanation:
Since a matrix organisation is when an individual report to more than one supervisor or leader. Therefore the relationship is referred to solid line or dotted line reporting
Hat's accounting records showed the following:
Inventory, January1 $35,000
Purchases, January 1 through May 1 200,000
Sales, January 1 through May 1 250,000
Inventory not damaged by flood 30,000
Gross profit percentage on sales 40%
What amount of inventory was lost in the flood?
A. $150,000
B. $85,000
C. $105,000
D. $55,000
Answer:
D. $55,000
Explanation:
Sales = 250,000
Gross Profit = 250,000 x 40% = 100,000
Cost of goods sold = 250,000 - 100,000 = 150,000
Cost of good sold = Opening Inventory + Purchases - Closing Inventory
150,000 = 35,000 + 200,000 - Closing Inventory
150,000 = 235,000 - Closing Inventory
Closing Inventory = 235,000 - 150,000
Closing Inventory = 85,000
Inventory damaged by flood = 85,000 - 30,000 = 55,000
Danes generally are not afraid of taking chances; they are comfortable doing things that are not carefully thought out or planned. Denmark's "flexicurity" policy combines free labor markets with adjustable welfare benefits. This is an example of the application of Hofstede's typology under the values which highlight: Group of answer choices
Answer:
uncertainty avoidance
Explanation:
Based on the information provided within the question it can be said that this is an example of the application of Hofstede's typology under the values which highlight uncertainty avoidance. This term refers to the difference between cultures pertaining to the amount of unpredictability that they can tolerate. Which in this scenario is stating that the Danes have a high tolerance for unpredictability.
The Securities Investor Protection Corporation is a government agency charged with administering the liquidation of failed securities firms to protect the interests of investors as much as possible. True False
Answer:
False
Explanation:
First of all, the Securities Investor Protection Corporation is not a government agency. The S.I.P.C was formed in 1970 under the Securities Investor Protection Act as a non-profit membership corporation.
In the unfortunate event that a securities firm fails (which is rather unlikely), the S.I.P.C steps in to help the investor. It can help by either transferring the accounts of the failed firm to a different firm or by liquidation.
Answer:
True
Explanation:
Odeyssey Ware
What best determines whether a borrower's investment on an adjustable rate loan goes up or down?
a.a fixed interest rate
b.a bank's finances.
c.a market's condition
d.a person's finances
Answer:
c.a market's condition
Explanation:
The best option that determines the borrower investment would go down or up is market conditioned
Market condition is refer to the variation in the stock market. There are many factor that determine the condition of rate loan. it is always not one factor that decide the current situation. The market condition is always inversely proportional to rate loan. which indicates whatever be the conditioned of the market is, the loan rate would be opposite to that.
Answer:
The answer is C on edge 2020.
Explanation:
Because of an accident Royce was involved in, his insurance company has increased his annual premium for auto insurance by 5.2%. His original policy was set up using the premiums listed below. What is his new annual premium after the increase in the accident?
a. $514.76
b. $543.00
c. $548.20
d. $571.24
Answer:
D) $571.24
Explanation:
Royce' premiums for the previous year were:
bodily injury $22.50property damage $144.75collision $275.75comprehensive $100The total premium of the policy was $543
Since the premiums will increase by 5.2%, the new total premium will be = $543 x 1.052 = $571.24
Answer:
D
Explanation:
A 37-year-old client with type 1 diabetes and good glycemic control is pregnant for the third time. Her first child is 4 years old, and her second pregnancy resulted in a stillbirth. She is seen in the antepartum testing unit for a nonstress test (NST) at 33 weeks' gestation. What are the primary risk factors in the client's history that indicate a need for the NST? Select all that apply.
1.Age greater than 35 years
2.The risk for placenta previa
3.The risk for placental insufficiency
4.A history of stillbirth from her last pregnancy
5.Maternal history of hypertension
Answer:
3,4 and 5
Explanation:
A pregnant woman with diabetes is prone to placenta insufficiency thus being unable to support the fetus which can lead to fetal death. Additionally, a history of hypertension which is usually associated with diabetes can also affect efficient functioning of the placenta. Lastly, the history of stillbirth is also an indication of NST.
XYZ wishes to advertise a property that has been listed by John Smith, a salesperson who goes by the name of Jake. The salesperson wants his name to be included in the ads so the public can call him. What must be included in the ad?
Explanation:
If "XYZ" wants to advertise a property and also to include the name of the sales person then the company needs to be consider the following:
• The sales person is the one who directly meets people and bring business
• His name is essential because, he has pitched and it will be easier for both customer to ask query and sales person to answer and to close the deal
• Contact number is mandatory in the advertisement to get customers.
• Since the sales person has nick name, both nick name and brokerage name has to be listed.
In Agile projects early risk planning, assessment and response planning is done at a high level, and more detailed and timely risk management occurs during the planning of each subsequent iteration, in daily stand-up meetings, and in retrospectives at the end of each iteration.True / False.
Answer:
TRUE
Explanation:
Quick program management relates to the factors which determine the success or failures of a task. Risk assessment doesn't need to provide structured risk reports and reviews on agility programs. Risk management is integrated into scrum jobs, tools, and activities.
Agile risk assessment is achieved more by then describing activities. Several Agile methods search throughout the process to define and minimize the risks.
Quick Market Inc. is a food supply company that wants to sell its products directly to consumers through mail order instead of going through supermarkets and other stores. However, supermarket chains want to make this transaction either illegal or more difficult for Quick Market. To accomplish this, they are using ________ to influence the political process.
A. ecological factors
B. lobbying forces
C. demographic research
D. interest rates
Answer:
B. lobbying forces
Explanation:
The supermarket use lobby to congresspeople to push for legislation on the subject in their behalf and against Quick Market Inc desires of eliminating the supply chain and selling directly to the final consumer.
Though legislation they will make it illegal or try to increase the burocratic cost with permits and form needed to autorize retail sale.
Which of the following is TRUE about the FAFSA?
There is a fee for filing the FAFSA.
You want to apply as soon as you can for the FAFSA since financial aid is often awarded on a first come, first served basis.
Submitting the FAFSA guarantees you will receive financial aid.
You file it just one time - the year before you start your first year in college.
Answer:
The correct answer is letter "B": You want to apply as soon as you can for the FAFSA since financial aid is often awarded on a first come, first served basis.
Explanation:
The Free Application for Federal Student Aid (FAFSA) is the form that current and existing college students submit to the Scholars at Risk (SAR) Network to obtain financial support for their studies. The applications are typically received until June 30th, each year in some states while other states have the ending of February as the deadline. It is suggested for students to send their application the soonest they can since some states evaluate applications according to the order in which they are submitted.
Answer:
The correct answer is letter "B": You want to apply as soon as you can for the FAFSA since financial aid is often awarded on a first come, first served basis.
Explanation:
I just did it on edge 2020
The importance of the ceteris paribus assumption is that it:______.
a. allows one to generalize from the whole to the individual.
b. allows one to analyze the relationship between two variables apart from the influence of other variables.
Answer:
b. allows one to analyze the relationship between two variables apart from the influence of other variables.
Explanation:
Ceteris Paribus means 'other things being constant'.
This implies study of relationship between two variables, other factors being constant.
Example : Law of demand states negative relationship between price & quantity demanded, other factors being constant.
It is the custom for paper mills located alongside the Layzee River to discharge waste products into the river. Operators of hydroelectric generating plants on the river find that they must clean up the river's water before it flows through their equipment. The above situation is an example of___________.
Answer:
negative externality
Explanation:
A negative externality happens when a third party suffers from an economic transaction carried out by someone else.
In this case, the original economic transaction occurs when the paper mills decide to pollute the river instead of properly disposing their wastes. As a result of that previous transaction, a third party (the hydroelectric generating plant) must spend money and resources to clean up the pollution generated by the paper mills.
A cabinet shop produces and installs cabinets. Business is good, and the shop has an unlimited number of customers willing to pay $100 for each cabinet in- stalled. However, for the next month, the shop has only 1750 hr of labor and 1032 units of wood that it can commit for cabinet production. Each installed cabinet requires 5 hr of labor, 3 units of wood, and one frame. The frames can be prepared in the shop before installation, with each frame requiring 2 hr of the shop's labor and 1 unit of its wood, or they can be bought ready for instal- lation from the local mill for $27 each. The shop pays $6/hr for labor, $5/unit for wood, and only pays for the labor and wood used. For the next month, how many cabinets should the shop install, and how should the necessary frames be generated so that net income is maximized?
Answer:
He should install 344 cabinets and the frames should be bought for installation from the local mill
Explanation:
Time available for labor = 1750 hr, number of woods available = 1032 units
Requirement for each cabinet installed
5 hr labor, 3 units of wood and 1 frame
Number of cabinets that can be produced is 344
Total expenditure for 344 installed cabinets = (1720 hr of labor×$6) + (1032 units of wood × $5) + (344 frames × $27) = $10,320+$5,160+$9,288 = $24,768
Revenue = 344 × $100 = $34,400
Net income = $34,000 - $24,768 = $9,632
A company recently moved to a new building. The old building is being actively marketed for sale, and the company expects to complete the sale in four months. Each of the following statements is correct regarding the old building, except:
A. It will be reclassified as an asset held for sale.
B. It will be classified as a current asset.
C. It will no longer be depreciated.
D. It will be valued at historical cost.
Answer:
D. It will be valued at historical cost.
Explanation:
Building held for sale is classified as current asset and it will not be depreciated further as it will be sold in near future. It will be recorded on the lower of cost and fair market value of the building and appears on the balance sheet in current account section. So the statements is correct regarding the old building, except D. It will be valued at historical cost.
Answer:
D) It will be valued at historical cost.
Explanation:
A company must include under property, plant and equipment (PPE) assets that they are currently using, but those put on sale must be reclassified as assets held for sale. Since the company expects to close the sale within a four month period, it can include it under current assets. Also, assets that are held for sale are no longer depreciated, since they are not being currently used and probably another asset is replacing them.
The asset must also be recorded at the lower of its book value (historical cost - depreciation) or net realizable value (fair market value - selling costs).
Zapstreet is a stock brokering firm. Its employees use a private network within the organization to communicate with each other regarding stock prices and trading accounts. Zapstreet's network is an example of a(n) ________.
Answer:
intranet
Explanation:
Based on the information provided within the question it can be said that in this scenario Zaptstreet's network is an example of an intranet. This is a computer network that is used in order to share information among other features within an organization, but only to those inside the organization and not to those outside of it. In other words it is a private network.
For consideration, Hazel orally promises to pay Jill $750 a month, on the first day of every month, for as long as Jill lives. Hazel makes the payments regularly for the first seven months and then makes no further payments. Jill claims that Hazel has breached the oral contract and sues Hazel for damages. Hazel contends that the contract is unenforceable because, under the Statute of Frauds, contracts that cannot be performed within one year must be in writing. Discuss whether Hazel will succeed in this defense.
Answer:
Hazel will have to pay Jill $750 for his remaining life because Hazel had received something which is very expensive in return in compensation of his lifetime monthly payments of $750 to Jill. So this means that the 100% contract is enforceable.
The contract formation can be proved in the court because when Hazel will say that the contract is not written so according to Statute of Fraud he is not liable to pay Jill. This means he is agreeing at the point that the contract was in place.
According to Friedman's argument, _________. a. individual proprietors probably can't create a monopoly, so they must have social obligations. b. individual proprietors probably can't create a monopoly, but any use of their company's money for social obligations still counts as a tax on employees and customers. c. individual proprietors are foolish because they haven't incorporated. d. individual proprietors would make much more money if they sold stock.
Answer:
b. individual proprietors probably can't create a monopoly, but any use of their company's money for social obligations still counts as a tax on employees and customers.
Explanation:
Friedman is an economist that postulated the theory of social responsibility by businesses. While businesses had a primary duty to shareholders to maximise profits, it also has a responsibility to contribute to the society where it operates.
So when the company's money is used for social obligation bit is a form of tax on the company's employees and customers, giving back to the society.