Answer:
1. June 1 Swifty invests $4,250 cash in exchange for shares of common stock in a small welding business.
2. June 2 Purchases equipment on account for $350.
3. June 3 $830 cash is paid to landlord for June rent.
4. June 12 Bills P. Leonard $410 after completing welding work done on account.
Journal Entries:
1.
June 1 Dr. Cr.
Investment $4,250
Cash $4,250
2.
June 2 Dr. Cr.
Equipment $350
Account Payable $350
3.
June 3 Dr. Cr.
Rent Expense $830
Cash $830
4.
June 12 Dr. Cr.
P. Leonard (Receivable) $410
Welding Service Revenue $410
The price for a cell phone case is $25 with the quantity demanded at 10,000 a day. As time goes on the price for a cell phone case increases to $30 and the quantity demanded decreases to 5,000 a day. Based on the price elasticity of demand using the midpoint method, this cell phone case isSelect one:a. unit elasticb. inelasticc. Perfectly elasticd. elastic
Answer:
d. Elastic
Explanation:
Elasticity (by midpoint formula) = (Q2-Q1) / [(Q2+Q1)/2]
(P2-P1) / [(P2+P1)/2]
Cell Phone : P1 = 25 ; P2 = 10000 ; P2 = 30 ; Q2 = 5000
Putting in the above formula : Elasticity =
= (5000-10000) [(5000+10000)/2]
(30-25) / [(30+25)/2]
= 5000/7500
5/27.5
= 0.66/ 0.18
= 3.66
Since the Elasticity = 3.66 i.e > 1 , The demand for cell phone is elastic.
The cell phone case described in the question exhibits elastic demand.
Explanation:The cell phone case described in the question exhibits elastic demand. Elastic demand occurs when the percentage change in quantity demanded is greater than the percentage change in price. To calculate the price elasticity of demand using the midpoint method, we can use the formula:
Price Elasticity of Demand = (Change in Quantity Demanded / Average Quantity Demanded) / (Change in Price / Average Price).
In this case, the percentage change in quantity demanded is
(5,000 - 10,000) / [(5,000 + 10,000) / 2] = -50%,
and the percentage change in price is
($30 - $25) / [($30 + $25) / 2] = 20%.
Therefore, the price elasticity of demand is -50% / 20% = -2.5. Since the absolute value of the price elasticity of demand is greater than 1, the cell phone case is elastic.
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Calculate the present values for the perpetuity: (1) Annual amount $20000, discount rate 8% (2) Annual amount $10000, discount rate 10% . A. $100000, $ 250000 B. $ 2500000, $1000000 C. $250000, $100000 D. $20000, $100000
Answer:
Present value calculator calculates the PV of a single amount. ... of illustration, you would rather receive $10,000 today rather than wait a year. ... This rate-of-return calculator solves for the ROR for one invested amount. ... Enter the calculated present value, the discount rate as the annual interest rate ... advertisement 2 short.
Explanation:
7.Research on neurotransmitters indicates that:A)a single synapse generally uses several dozen neurotransmitters.B)neurotransmitters can inhibit neural impulse transmission.C)less than a dozen neurotransmitters are involved in all neural transmission.D)the release of endorphins causes paralysis of the muscles.
Answer:
Option A
Explanation: Research on neurotransmitters indicates that a single synapse generally uses several dozen neurotransmitters
Q1. What data do you think might exist to show that a vendor is related to an employee? Which attributes would you focus on? Q2. How might you attempt to detect these connections between vendors and employees? Q3. If you were the employee committing fraud, what would you try to do with the data to evade detection? Q4. How many vendors have similar addresses to employees? Q5. What do you notice about the street vendor and employee street addresses? Q6. Are there any false positives (fuzzy matches that aren’t really matches)? Required: Submit all answers to the questions in a properly formatted Word document. Submit one Excel file with the tabs for each of the parts.
To detect connections between vendors and employees and identify potential fraud, data analysis is required, focusing on attributes such as shared addresses and phone numbers. False positives can occur in fuzzy matches, and evading detection for an employee committing fraud may involve altering transaction records or creating false vendors.
Explanation:Q1. To show that a vendor is related to an employee, data such as shared addresses, phone numbers, or bank accounts can be analyzed. Attributes to focus on include matching addresses, matching phone numbers, or transactions between the vendor and employee.
Q2. Connections between vendors and employees can be detected by analyzing transactional data, conducting data matching algorithms, or using network analysis techniques.
Q3. If an employee were committing fraud, they may try to evade detection by altering transaction records, creating false vendors, or colluding with other employees to manipulate data.
Q4. To determine the number of vendors with similar addresses to employees, an analysis should be carried out by comparing addresses and identifying matches.
Q5. Street vendor and employee street addresses should be compared for similarities or matches to identify any potential connections or relationships between the two.
Q6. False positives, or fuzzy matches that aren't really matches, could occur if there are common addresses or phone numbers in a certain region or if there are errors in the data being analyzed.
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Madison Seniors Care Center is a nonprofit organization that provides a variety of health services to the elderly. The center is organized into a number of departments, one of which is the Meals-On-Wheels program that delivers hot meals to seniors in their homes on a daily basis. A number of costs of the center and the Meals-On-Wheels program are listed below. For each cost listed below, indicate whether it is a direct or indirect cost of the Meals-On-Wheels program, whether it is a direct or indirect cost of particular seniors served by the program, and whether it is variable or fixed with respect to the number of seniors served.
The cost of groceries used in meal preparation
The cost of leasing the Meals-On-Wheels van
The cost of incidental supplies such as salt, pepper, napkins, and so on
The cost of gasoline consumed by the Meals-On-Wheels van
The rent on the facility that houses Madison Seniors Care Center, including the Meals-On-Wheels program
The salary of the part-time manager of the Meals-On-Wheels program
Depreciation on the kitchen equipment used in the Meals-On-Wheels program
The hourly wages of the caregiver who drives the van and delivers the meals
The costs of complying with health safety regulations in the kitchen
The costs of mailing letters soliciting donations to the Meals-On-Wheels program
Answer:
1. Direct cost of the Meals-On-Wheels program and particular seniors served by the program. It is variable cost.
2. Direct cost Meals-On-Wheels program and Indirect cost for particular seniors served by the program. It is Fixed cost.
3. Direct cost of Meals-On-Wheels and particular seniors served by the program. It is Variable cost.
4. Direct cost of the Meals-On-Wheels program and Indirect for particular seniors served by the program. Its a Variable cost.
5. Indirect cost of Meals-On-Wheels and Direct for particular seniors served by the program. It is a Fixed cost.
6. Indirect cost of the Meals-On-Wheels program and particular seniors served by the program. Its a Fixed cost.
7. Indirect cost of the Meals-On-Wheels program and particular seniors served by the program. Its a Fixed cost.
8. Direct cost of Meal-On-Wheels and particular seniors served by the program. It is Variable cost.
9. Direct cost of the Meals-On-Wheels program and Indirect for particular seniors served by the program. Its a Fixed cost.
10. Direct cost of the Meals-On-Wheels program and Indirect for particular seniors served by the program. Its a Variable cost.
Explanation:
The direct cost related to Meals-On-Wheels is the cost that is directly associated with this program. If the cost changes due to number of unit’s production than it is considered as Variable cost. If the Cost is not affected by the unit’s production then it is called as fixed cost.
The Indirect cost is one which is not associated directly with the project but are incurred as the overheads. Indirect costs are sometimes difficult to assign to a particular project. It is also Variable or Fixed.
Here also the cost that is directly related and is changing due to number of units then it is Direct Variable cost. If it is not affected by number of units then it is fixed cost.
Final answer:
Costs associated with the Meals-On-Wheels program at Madison Seniors Care Center are categorized as direct or indirect and variable or fixed. Direct costs include groceries, leasing the van, incidental supplies, gasoline, manager's salary, and hourly wages of the caregiver. Indirect costs are rent, health safety compliance, and donation solicitation expenses.
Explanation:
The identification of costs as direct or indirect, and as variable or fixed with respect to the number of seniors served by the Meals-On-Wheels program at Madison Seniors Care Center, is important in determining how these costs are allocated and affect the program's budget.
The cost of groceries used in meal preparation is a direct variable cost, as it varies with the number of seniors served.
The cost of leasing the Meals-On-Wheels van is a direct fixed cost, as it remains constant regardless of the number of seniors served.
The cost of incidental supplies is a direct variable cost, varying with the number of meals prepared.
The cost of gasoline consumed by the van is a direct variable cost, as it fluctuates with the number of deliveries made.
The rent on the facility housing the center, including Meals-On-Wheels, is an indirect fixed cost, as it does not directly relate to the individual service and does not vary with the number of seniors served.
The salary of the part-time manager is a direct fixed cost as it pertains directly to the program and does not vary with the number of seniors.
Depreciation on the kitchen equipment is a direct fixed cost, as this expense is related to a long-term asset used for the program and does not vary over the short term.
The hourly wages of the caregiver who drives the van and delivers the meals are direct variable costs, as wages will increase with more service hours directly tied to the number of seniors served.
The costs of complying with health safety regulations in the kitchen are indirect fixed costs, as these are necessary for operations but are not impacted by the number of seniors served.
The costs of mailing letters soliciting donations are indirect variable costs, potentially varying with the scope and frequency of mailings.
The date on which cash dividends are paid is the a.last day of the fiscal year-end. b.date of record. c.date of declaration. d.date of payment.
Answer:
d.date of payment
Explanation:
At the time of recording the dividend, the dividend should be recorded based on the different dates that involve date of declaration, the date of record, and the date of payment.
The date of declaration is the date at which the dividend is declared
The date of record is the date at which the dividend is recorded
And, the date of payment is the date at which the cash dividends are paid
You have been assigned as the project manager for a new project that involves deployment of a new software application to all your organization's users. You're trying to acquire your project team. In which of the following forms of project organization would you be more likely to have greater control over your project resources
Answer:
Project oriented.
Explanation:
In this structure,project managers usually have great deal of independence and authority which gives them the power to draw and use resources with little approval.
Answer:
Projectized Organizational Structure
Explanation:
Projectized Organizational Structure
In projectized organizations, all activities are coordinated through the projects.
Project managers have complete authority over resources. All team members report to them. Project managers have enough authority they need to complete the project and they can accept the responsibility and its outcome.
Project managers have full authority over project resources. They control the budget and work assignments.Project managers have full-time team members under their control and can acquire based on what is needed. Team members are often collocated for better performance until the project ends.When the project is completed, the team i and resources are released.
What type of contract is an agreement that does not meet the tests for validity, and therefore is no contract at all?
Answer:
Correct Answer is Irrelevant contracts
Explanation:
Unenforceable contracts become inapplicable by law due to some technical aspects. The contract cannot be executed against either party.
For example, A agrees to sell 100kgs of rice for B for 10,000 / -. But there was a great flood in the states and all rice crops were destroyed. Now, this contract cannot be enforced and cannot be enforced against any of the parties.
A void contract is an agreement that does not meet the tests for validity, making it completely invalid as a contract.
Explanation:An agreement that does not meet the tests for validity and is not considered a contract at all is called a void contract.
A void contract is one that is null and invalid from the beginning, meaning it lacks the essential elements required for a valid contract. This may include situations where the agreement is illegal, against public policy, or involves parties lacking the legal capacity to enter into a contract.
For example, if two minors enter into a contract, it would be considered void because minors generally do not have the legal capacity to enter into binding contracts.
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Indicate whether each of the following types of transactions will either (a) increase stockholders' equity or (b) decrease stockholders' equity: 1. Issued common stock in exchange for cash. 2. Received cash for services performed for customers. 3. Paid business expenses. 4. Paid dividends
Answer:
Following would be the journal entries and their effect on stockholders equity
1. Issued common stock for cash
Cash A/C Dr.
To Common Stock
This transaction would increase stockholder's equity as common stock would increase.
2. Received cash for services provided
Cash A/C Dr.
To Service Revenue
(being cash received against services provided)
This transaction would increase stockholder's equity as net income would increase
3. Paid business expenses
Expenses A/C Dr.
To Cash A/C
(Being expenses paid recorded)
This would reduce stockholder's equity as net income would reduce.
4. Paid Dividends
Retained Earnings Dr.
To Dividend Payable A/C
(Being declaration of dividend recorded)
Dividend Payable A/C Dr.
To Cash A/C
(Being dividends paid recorded)
This would reduce stockholder's equity as reserves and surplus would reduce.
Issuing common stock for cash and providing services for cash increases stockholders' equity, while paying business expenses and dividends decreases it.
Explanation:The impact of the following transactions on stockholders' equity are:
Issued common stock in exchange for cash: This will increase stockholders' equity as the company is receiving additional funds from stockholders.Received cash for services performed for customers: This will increase stockholders' equity as company's profits increase through the provision of services for clients, which adds to retained earnings, a component of stockholders' equity.Paid business expenses: This will decrease stockholders' equity as expenses are deducted from the company's earnings, reducing its retained earnings and therefore, the stockholders' equity.Paid dividends: This will decrease stockholders' equity. Dividends are distributed from retained earnings, reducing the amount of profits that are still held by the company, consequently declining the stockholders' equity.Learn more about Stockholders' Equity here:https://brainly.com/question/31982519
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Analyze the benefits and the problems posed by the four approaches to the implementation of resource management policies: control theory, machine learning, utility-based, and market-oriented
Answer:
Explanation: The implementation of resource management policies can be achieved through the following: control theory, machine learning, utility-based, and market-oriented method.
1. Control theory:
Benefit- it can analyse linear and non linear systems, single or multiple systems.
Problem- It is complex and requires multiple computations
2. Machine learning Theory:
Benefit- It does not sole depend on extracting information and it gives room for improvements. It performs routine and non routine tasks
Problem- It requires a complex to understand and need trained professional to operate it.
3. Utility-based method:
Benefit - It gives urgency to tasks, it gives users better satisfaction.
Problem- the tasks needs to be carried out continuously
4. Market-oriented method:
Benefit - it gives room to know and understand the market, it leads to an increased organisational performance.
Problem- requires a professional.
The benefit of control theory is that it can analyze linear and non-linear systems, single or multiple systems while the problem is that it is complex and requires multiple computations.
The benefit of machine learning theory is that it performs routine and non-routine tasks and the problem is that it is complex to understand.
For the utility-based method, the benefit is that it gives urgency to tasks and gives users better satisfaction while the problem is that the tasks need to be carried out continuously.
In conclusion, the benefit of the market-oriented method is it leads to an increased organizational performance while the disadvantage is that it requires an professional to handle it.
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One of the limitations of aggregate accounting is that:A. it includes market transactions that should be excluded.B. it doesn't take depreciation into account.C. it measures market activity, not social welfare.D. there isn‘t enough data available in most developed countries to havenational income accounts.
Answer:
The correct answer is C
Explanation:
Aggregate accounting is the procedure in which the data from all of the households as well as individuals accounts of the production are gathered in one place.
In short, it is described as the way or method of measuring or evaluating the sum or the total of the production. The limitation of this method is that it only measures or determine the activity of the market not the social welfare.
In 2019, Wesley has a fairly simple tax situation with moderate wage income and a modest amount of interest income. Wesley, age 45, wishes to use the easiest possible tax form. He may file his tax or not?
He may file Form 1040.
Explanation:
Form 1040 is the IRS standard form which is used by individual taxpayers to file their annual tax reports.
Form 1040 is the IRS tax form used mostly for personal tax returns submitted by US citizens by the federal government. Form 1040 is a form. The method estimates the taxpayer's gross taxable income and specifies how much the government has to pay or repay.
Who can file? If a person passes the Substantial Appearance Test or the Green Card Test, but some cases exist; people who have a taxable earnings in the US, but refuse to meet the obligation to be resident aliens, must register for taxation purposes for non-resident aliens.
Wesley, having a moderate income and a straightforward tax situation, can use the simplest tax form, 1040EZ. However, whether he should file a tax return depends on other specifics of his financial situation.
Explanation:In the United States, every individual with earned income is required by law to file a tax return. In 2019, Wesley, with moderate wage income and a modest amount of interest income, can utilize the simplest form known as the 1040EZ. This form is designed for taxpayers with straightforward tax situations and is generally used by single or married individuals who do not have dependents, and whose income is less than $100,000. However, the final decision whether to file the tax or not must take into account many other specific details of Wesley's financial picture, such as whether taxes have already been deducted from his paycheck or whether he qualifies for any deductions or credits.
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"A tenant offers to sign a lease paying a rent of $1,000 per month, in advance (i.e., the rent will be paid at the beginning of each month), for five years. At 10% nominal annual interest compounded monthly, what is the present value of this lease
Answer:
$47,500
Explanation:
Since the payment is made monthly in advance for the period of 5 years, therefore the present value of annuity formula shall be used for the purpose of calculating the Present value of lease, which is given as follow:
Present value of annuity=R+R[(1-(1+i)^-n)/i]
In the given question
R=Rent per month paid in advance=$1,000
i=interest compounded monthly=10%/12=0.83%
n=number of payments involved=(12*5)-1=59
Present value of annuity=1,000+1,000[(1-(1+0.83%)^-59)/0.83%]
=$47,500
Regional Products, Inc. agrees to sell to Quantity Dealers Corporation a certain amount of goods. The contract does not specify where the goods are to be delivered. In general, the UCC requires that the delivery take place at__________
Answer:
Regional Products
Explanation:
According to the UCC where place of delivery is not specified in a transaction, the place of delivery of the goods will be at the seller's place of business.
This will help with inspection, where the buyer has an opportunity to inspect the goods and either accept or reject before transportation cost is incurred.
In order to build a new warehouse facility, the regional distributor for Valco Multi-position Valves borrowed $1.6 million at 10% per year interest. If the company repaid the loan in a lump sum amount after 2 years, what was (a) the amount of the payment, and (b) the amount of interest
Answer:
It will return 1,936,000 dollars
from which 336,000 will be interest
Explanation:
We solve using the future value of a lump sum:
[tex]Principal \: (1+ r)^{time} = Future \: Value[/tex]
Principal 1,600,000.00
time 2.00
rate 0.10000
[tex]1600000 \: (1+ 0.1)^{2} = Amount[/tex]
Amount 1,936,000.00
We calculate interst by the different os the amount borrow and the amount returned:
1,936,000 - 1,600,000 = 336,000
1. How is Unilever applying its understanding of internal consumer processes in the psychological core to market its products?
Answer:
Unilever is applying its understanding of internal consumer processes by using several points of the psychological core to market its product in order to create valuefrom customers in return. ... It creates a relationship between the customer and the brand.
Explanation:
Unilever knows that throughout the purchase, usage, as well as discarding of goods, customers must follow numerous essential sociological phenomena. A further solution is given below.
The firm does a marketing strategy to address key features aimed at a specific demographic of the individual item.Unilever takes the millions of consumers across all cognitive states from awareness-building to changing attitudes to attract clients and retain existing subscribers for numerous items which including Lifebuoy soap.Learn more about marketing strategy here:
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From the ledger balances below, prepare a trial balance for Crane Company at June 30, 2022. All account balances are normal. Accounts Payable $ 2,000 Service Revenue $8,940 Cash 5,810 Accounts Receivable 2,680 Common Stock 17,410 Salaries and Wages Expense 3,610 Dividends 1,590 Rent Expense 1,320 Equipment 13,340
Answer:
The balancing figure = $28,350
Explanation:
The question is to prepare the trial balance for Crane Company for June 30, 2022
A trial balance represents a statement that contains all the debit and credit balances from the account book of an organisation. It is used to show the arithmetic accuracy of the books of account.
CRANE COMPANY'S TRIAL BALANCE AT JUNE 30, 2022
Accounts Title Debit ($) Credit ($)
Accounts Payable 2000
Accounts Receivable 2,680
Cash 5,810
Common Stock 17,410
Dividends 1,590
Equipment 13,340
Rent expenses 1,320
Salaries and Wages 3,610
Service Revenue 8,940
28,350 28,350
To prepare a trial balance for Crane Company at June 30, 2022, list all the ledger balances in a statement that lists the general ledger accounts and their balances.
Explanation:To prepare a trial balance for Crane Company at June 30, 2022, we need to list all the ledger balances. The trial balance is a statement that lists all the general ledger accounts and their balances. Here is the trial balance for Crane Company:
AccountDebitCreditAccounts Payable$2,000Service Revenue$8,940Cash$5,810Accounts Receivable$2,680Common Stock$17,410Salaries and Wages Expense$3,610Dividends$1,590Rent Expense$1,320Equipment$13,340
Izzy Ice Cream has the following price and cost information: Price per 2-scoop sundae $ 5.00 Variable cost per sundae: Ingredients 1.35 Direct labor 0.45 Overhead 0.20 Fixed cost per month $ 5,100 Required: 1. Determine Izzy’s break-even point in units and sales dollars. 2. Determine how many sundaes must be sold to generate a profit of $10,200. 3. Calculate Izzy’s new break-even point for each of the following independent scenarios: a. Sales price decreases by $0.50. b. Fixed costs decrease by $300 per month. c. Variable costs increase by $0.50 per sundae. 4. Based on the original information, how many sundaes must Izzy sell to generate a profit of $24,000, if sales price increases by $0.50 and variable costs increase by $0.30?
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Price per 2-scoop sundae $ 5.00
Variable cost per sundae:
Ingredients 1.35
Direct labor 0.45
Overhead 0.20
Total variable cost= $2
Fixed cost per month $ 5,100
1. Determine Izzy’s break-even point in units and sales dollars.
Break-even point (units)= fixed costs/ contribution margin
Break-even point (units)= 5,100/ (5 - 2)= 1,700 units
Break-even point (dollars)= fixed costs/ contribution margin ratio
Break-even point (dollars)= 5,100/ (3/5)=$8,500
2. Determine how many sundaes must be sold to generate a profit of $10,200.
Break-even point (units)= (fixed costs + profit)/ contribution margin
Break-even point (units)= (5,100+ 10,200) / 3= 5,100 units
3. a. Sales price decreases by $0.50.
Break-even point (units)= 5,100/ (4.5 - 2)= 2,040 units
b. Fixed costs decrease by $300 per month.
Break-even point (units)= 4,800/3= 1,600 units
c. Variable costs increase by $0.50 per sundae.
Break-even point (units)= 5,100/ (5 - 2.5)=2,040 units
4. How many sundaes must Izzy sell to generate a profit of $24,000, if sales price increases by $0.50 and variable costs increase by $0.30
Break-even point (units)= (5,100 + 24,000) / (5.5 - 2.3)= 9,094 units
To determine Izzy Ice Cream's break-even point in units and sales dollars, divide the fixed costs by the contribution margin per unit. To generate a profit of $10,200, divide the profit target by the contribution margin per unit and add the fixed costs.
Explanation:In order to determine Izzy Ice Cream's break-even point in units and sales dollars, you need to calculate the contribution margin per unit. The contribution margin is the difference between the price per sundae and the variable cost per sundae. The break-even point in units can be calculated by dividing the fixed costs by the contribution margin per unit. The break-even point in sales dollars can be calculated by multiplying the break-even point in units by the price per sundae.
Break-even point in units: $5,100 / ($5.00 - $1.35 - $0.45 - $0.20) = 1,500 units Break-even point in sales dollars: 1,500 units * $5.00 = $7,500
To determine how many sundaes must be sold to generate a profit of $10,200, you need to consider the contribution margin per unit and the fixed costs. The profit target can be divided by the contribution margin per unit, and the fixed costs should be added to this value. This will give the total number of units that need to be sold.
Contribution margin per unit: $5.00 - $1.35 - $0.45 - $0.20 = $2.00 Total units that need to be sold: ($10,200 + $5,100) / $2.00 = 7,650 units Learn more about Break-Even Point and Profit here:
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John: "I will sell you my laptop computer for $330." Mary: "Will you include the carrying case"? John: "Sold." a. There is a contract for the sale of the computer with the carrying case. b. There is a contract for the sale of the computer but the carrying case is not included. c. There is no contract for the sale of the laptop computer. d. There is a contract but it is unenforceable because it must be in writing. e. none of the above
Answer:
Correct answer is a, there is a contract for the sale of computer with the carrying case
Explanation:
There is a contract between John and Mary to sell the laptop computer with the carrying case. Mary's counter offer to buy the laptop computer if the carrying case is included is indirectly accepted by John by replying "sold". That only means there is a meeting of minds between the two contracting parties the seller (John) and the buyer who counter offered (Mary) to sell the laptop computer with the carrying case.
Zappos employees are "driven" to participate in charitable activities and feel that giving back to the community is something that they "must do." This demonstrates what about Zappos employees?
a.Zappos employees follow the specifc Zappos code of ethics.
b.Zappos employees have morals that match Zappos values and norms.
c.Zappos employees operate at the preconventional level of morality.
d.Zappos employees focus on the ethical responsibilities of their jobs.
"Zappos employees have morals that match Zappos values and norms" this demonstrates about Zappos employees.
Answer: Option B
Explanation:
In case a company's employees prefer performing charitable activities and feel that engaging with their local community is a duty, the circumstance means that those employees have a strong sense of social responsibility and moral values.
Each business appears to have a code of ethics detailing the expected actions that the company expects from workers inside the corporation, but organizations also have targets on civic responsibility to limit the impact of their activities on community and enhance it if necessary.
When a firm has moved beyond a production or selling orientation and attempts to discover and satisfy its customers' needs and wants, the firm is ______.
Answer:
The correct answer is: market oriented.
Explanation:
Market-oriented institutions are those that pursue the satisfaction of consumers more than reaching a profit goal for the company. This position is also taken by companies when the firm is looking for expansion through the implementation of new products or services. Every piece of information provided by consumers are considered vital in this stage.
Compute conversion costs given the following data: direct materials, $381,400; direct labor, $196,500; factory overhead, $194,000 and selling expenses, $41,200. a.$575,400 b.$771,900 c.$390,500 d.$152,800
Answer:
Conversion costs: c.$390,500
Explanation:
Conversion costs are those production costs required to convert raw material to finished goods. Conversion costs include direct labor and manufacturing overheads costs.
Conversion Costs = Direct Labor cost + Manufacturing Overheads cost= Total Manufacturing Costs – Direct Material cost
With direct labor cost of $196,500; factory overhead cost of $194,000.
Conversion Costs = $196,500 + $194,000 = $390,500
Final answer:
Conversion costs are the sum of direct labor and factory overhead. For the provided data, direct labor is $196,500, and factory overhead is $194,000, so the total conversion cost is $390,500.
Explanation:
Conversion costs are calculated as the sum of direct labor and factory overhead costs. Given the data: direct materials at $381,400, direct labor at $196,500, factory overhead at $194,000, and selling expenses at $41,200, we need to compute the total of direct labor and factory overhead.
The calculation would be as follows:
Direct Labor: $196,500Factory Overhead: $194,000Adding these two components will give us the conversion cost:
Conversion Costs = Direct Labor ($196,500) + Factory Overhead ($194,000) = $390,500.
Therefore, the correct option is c. $390,500.
It is a fact that the federal government (1) encouraged the development of the savings and loan industry, (2) virtually forced the industry to make long-term fixed-interest-rate mortgages, and (3) forced the savings and loans to obtain most of their capital as deposits that were withdrawable on demand. a. Would the savings and loans have higher profits in a world with a "normal" or an inverted yield curve? Explain your answer. b. Would the savings and loan industry be better off if the individual institutions sold their mortgages to federal agencies and then collected servicing fees or if the institutions held the mortgages that they originated?
Answer:
A) yes they would have a higher income
B) depending on the situation
Explanation:
A) With such a "standard" yield curve, Savings & Loans will have a greater net income. In such a scenario, your quick-term liabilities (deposits) will be smaller than that of the lengthy-term yields emitted by your assets (mortgages). We would therefore have a successful "distribution."
B) Strong inflation increases interest rates throughout the yield curve. If the growth were high, short-term rates could be higher than the long-term interest rates that reigned before the inflation rise.Since then, when interest rates were lower, the majority of fixed-rate mortgage loans was initiated, the savings & loan deposits (liabilities) cost more than yields on resources. If this continues for any period, the Savings & Loans stock (reserves) will be emptied to the extent that bankruptcy would not be prevented by a "bailout.". In reality, in the United States, this has occurred. So it'd be easier for Savings & loand to sell their mortgages to federal agencies and receive service fees in this case than to keep the mortgages originating from them.
Refer to Exhibit 3-17. At a price of $16, the quantity demanded of good X is ____________ than the quantity supplied of good X, and economists would use this information to predict that the price of good X would soon ______________. This would push the price __________ the equilibrium price.
a. greater; fall; toward
b. greater; rise; toward
c. less; fall; toward
d. less; rise; away from
e. greater; rise; away from
The answer is (b) Greater,Rise ,toward
Explanation:
Refer to Exhibit 3-17. At a price of $16, the quantity demanded of good X is Greater than the quantity supplied of good X, and economists would use this information to predict that the price of good X would soon Rise .This would push the price Toward the equilibrium price
The law of Demand states that the price and the supply of the product are inversely related (i.e . ceteris Paribus).
Also an increase in the number of buyers of a particular product leads to a shift in the demand curve towards the right side
If the quantity demanded of good X is greater than the quantity supplied at a price of $16, this indicates a market shortage. Economists would then predict a rise in price to move toward the equilibrium, making the correct option 'b. greater; rise; toward'.
Explanation:In the context of supply and demand, if at a price of $16, the quantity demanded for good X is greater than the quantity supplied, it indicates there's a shortage in the market. In such a situation, economists would predict that the price of good X would rise. This action will bring the price toward the equilibrium price, which is where the quantity supplied equals the quantity demanded. Therefore, the correct option is b. greater; rise; toward.
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In a small manufacturing facility, one welder is needed for every 200 hours of machine-hours or fewer in a month. The welder is paid a monthly salary of $2,500. If the total monthly requirement is 1,300 machine-hours, the total salaried employee expense is ________.
A. $12,500
B. $16,250
C. $17,500
D. $15,000
Answer:
C. $17,500
Explanation:
1,300 / 200 = 6.5
we are going to hire between 6 and 7 welder as we are given the requirement "for every 200 hours or fewer in a month" we should round above and not below: 7 welder. Besides, we cannot hire "half" or "quarter" of an employee therefore we have to move between integer solutions.
Given 1,300 machine-hours and the fact that one welder is needed for each 200 machine-hours, there is a need for 7 welders. Since each welder earns $2,500 monthly, the total salaried employee expense amounts to $17,500.
Explanation:To calculate the total salaried employee expense in this scenario, we first have to determine the number of welders required. Since one welder is needed for each 200 machine-hours, and the total requirement is 1,300 machine-hours, we can divide 1,300 by 200 to find out the number of welders needed, which equals to 6.5. However, we can't have half a welder, so we need to round up to the nearest whole number, which is 7. Each welder is paid a salary of $2,500 per month, so to find the total salary expense, we multiply 7 by $2,500, which equals $17,500. Thus, the total salaried employee expense is $17,500.
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High value-added per employee is associated with: a. capital intensive industries. b. labor intensive industries. c. the shoe industry in 1860. d. the use of unskilled labor.
Answer:
d. the use of unskilled labor.
Explanation:
Value added per employee is how you use your workforce to make value for your product of business. Price at which you sell the product and the cost before charging overheads. Efficient employee can add more value t your product than an inefficient employees. Efficient employee will take less time and reduce the wastage, ultimate reduce your cost and increase the margin of that product.
Brief Exercise 186 For the items listed below, indicate whether the item is an asset, liability, or stockholders' equity item. 1. Rent Expense 2. Equipment 3. Accounts Payable 4. Common Stock 5. Insurance Expense 6. Cash 7. Accounts Receivable 8. Retained Earnings 9. Service Revenue 10. Notes Payable
Answer:
Explanation:
The Statement of stockholder equity includes the common stock and the retained earnings that could be used to determine the ending balance by considering the revenues, expenses accounts
While the balance sheet records the company's assets, liabilities, and shareholder equity
So, the categorization is shown below:
1. Rent Expense = Owner equity
2. Equipment = Fixed asset
3. Accounts Payable = Current liabilities
4. Common Stock = Owner equity
5. Insurance Expense = Owner equity
6. Cash = Current assets
7. Accounts Receivable = Current assets
8. Retained Earnings = Owner equity
9. Service Revenue = Owner equity
10. Notes Payable = Liabilities
A city engineer knows that she will need 25 million in 3 years to replace toll booths on a toll road in the city. Traffic on the road is estimated to be 20 million vehicles per year. How much per vehicle should the toll be to cover the cost of the toll booth replacement project? Interest is 10%. (Simplify your analysis by assuming that the toll receipts at the end of each year in a lump sum.)
Answer:
0.50 per vehicle
Explanation:
Given:
Number of years = 3
Number of vehicles per year = 20 million
Amount required = 25 million
Interest rate = 10% = 0.10
Therefore,
Cost of borrowing = Amount required × Interest rate
= 25 million × 0.1
= 2.5 million
Total Toll Booths Replacement Cost = Amount required + Cost of borrowing
= 25 million + 2.5 million
= 27.5 million.
Amount to Charge Per Year = Total Toll Booths Replacement Cost ÷ Number of Years
Lump Sum Amount to Charge Per Year = 27.5 million ÷ 3
= 9.17 million
Yearly toll per vehicle = Lump Sum Amount to Charge Per Year ÷ Number of Vehicles per year
Yearly toll per vehicle = 9.17 million ÷ 20 million
= 0.46 approximately 0.50
Therefore, the toll should be 0.50 per vehicle.
I wish you the best.
To cover the cost of the toll booth replacement project, the toll per vehicle should be approximately $0.9385.
Explanation:To calculate the toll per vehicle, we need to find the present value of the future cost of replacing the toll booths. Using the formula for present value, we can calculate the amount.
PV = FV / (1 + r)^n
Where PV is the present value, FV is the future value, r is the interest rate, and n is the number of years. Plugging in the values, we have:
PV = 25 million / (1 + 0.10)^3
PV = 25 million / 1.331
PV ≈ 18.77 million
Now, we divide the present value by the estimated number of vehicles per year to find the toll per vehicle:
Toll per vehicle ≈ 18.77 million / 20 million
Toll per vehicle ≈ $0.9385
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On October 2, 2016 Starbucks Corporation reported, on its Form 10-K, the following (in millions):
Total assets $14,329.5
Total stockholders' equity 5,890.7
Total current liabilities 4,546.9
1. What did Starbucks report as total liabilities on October 2, 2016?
Answer:
The total liabilities of the Starbucks on October 2, 2016 will be $12,985.7
Explanation:
The total liabilities will be computed using the accounting equation, which is as:
Accounting Equation
Assets = Liabilities + Shareholders Equity
Assets = (Current liabilities + Long term liabilities) + Shareholders Equity
Putting the values here in the accounting equation:
$14,329.5 = Liabilities + $5,890.7
Liabilities = $14,329.5 - $5,890.7
= $8,438.8
So, the total liabilities will be:
Total liabilities = Liabilities (long term) + Current liabilities
= $8,438.8 + $4,546.9
= $12,985.7
Many businesses/organizations have performance problems that can be reevaluated to improve performance. Explain Research Problem and Problem Statement.
Answer and explanation:
The research problem refers to the lack of information over a certain topic that pushes individuals to make studies to obtain more data regarding that particular subject. The research problem represents the purpose of why the study is being conducted and aims to provide enough input so the problem can be dealt with.
After the research problem has gathered enough data that allows an understanding of a matter of study, a problem statement is formulated. It is an objective description of where the organization is and where it wants to be after the problem has been resolved.