The correct answer is b) a marketing information system. This system is used to gather, store, analyze and distribute information related to the market, customers, competitors, and other environmental factors that may affect the organization. It helps the company to make informed decisions by providing relevant and timely data.
The information may be collected from both internal and external sources, such as sales reports, customer surveys, social media, and industry reports. The system may also use primary data, which is collected through research conducted by the company, and secondary data, which is gathered from existing sources. The marketing information system is an essential tool for businesses of all sizes and types, as it allows them to monitor changes in the market and adapt their strategies accordingly. It helps the organization to identify opportunities, understand customer needs and preferences, and improve its products and services. By leveraging a marketing information system, businesses can gain a competitive advantage by staying ahead of the curve and making informed decisions based on data-driven insights.
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Altira Corporation provides the following information related to its merchandise inventory during the month of August 2021: Aug.1 Inventory on hand—2,200 units; cost $6.30 each. 8 Purchased 11,000 units for $5.70 each. 14 Sold 8,800 units for $12.20 each. 18 Purchased 6,600 units for $5.20 each. 25 Sold 7,800 units for $11.20 each. 28 Purchased 4,200 units for $5.80 each. 31 Inventory on hand—7,400 units. Exercise 8-14 (Algo) Part 1 Required: 1. Using calculations based on a perpetual inventory system, determine the inventory balance Altira would report in its August 31, 2021, balance sheet and the cost of goods sold it would report in its August 2021 income statement using the FIFO method.
Using the FIFO method, the cost of goods sold and ending inventory can be calculated as given below.
Cost of goods sold:
First, use the 2,200 units on hand from August 1 and the 11,000 units purchased on August 8 to satisfy the 8,800 units sold on August 14, leaving 4,400 units from the August 8 purchase still in inventory.
Next, use 4,400 units from the August 8 purchase and 2,400 units from the August 18 purchase to satisfy the 7,800 units sold on August 25, leaving 4,200 units from the August 18 purchase and 4,200 units from the August 28 purchase in inventory.
Finally, the cost of goods sold is calculated as follows:
(2,200 x $6.30) + (6,600 x $5.70) + (2,400 x $5.20) + (7,800 x $5.20) = $102,780
Ending inventory:
The total cost of the 4,200 units from the August 18 purchase and 4,200 units from the August 28 purchase is:
(4,200 x $5.20) + (4,200 x $5.80) = $49,560
Therefore, the ending inventory balance Altira would report in its August 31, 2021, balance sheet using the FIFO method is $49,560 for 7,400 units on hand.
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you manage a department of five employees. you have identified that joe has high need for achievement, mary has high need for power, and tim has high need for affiliation. sarah scored high on the need for power and low on the need for affiliation. doug scores low on both need for power and need for affiliation. which of these five employees is most likely to be suitable for a new assignment that involves a high degree of personal responsibility and feedback? group of answer choices joe
Joe is the most suitable employee for a new assignment that involves a high degree of personal responsibility and feedback.
This is because Joe has a high need for achievement, which indicates that he is motivated by challenging tasks and strives to excel in his work. Such an assignment would give him the opportunity to take ownership of his work and receive feedback on his performance, which would satisfy his need for achievement.
Mary, on the other hand, has a high need for power, indicating that she is more interested in influencing others and controlling resources than taking on personal responsibility.
Tim's high need for affiliation suggests that he values social relationships and group cohesion more than individual recognition.
Sarah's high need for power and low need for affiliation may lead to conflict with others, while Doug's low scores on both factors suggest that he may not be as motivated by personal responsibility and feedback.
Therefore, Joe is the best fit for this new assignment.
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In addition to goods and services, countries also _________ art, cultural events, medical advances, space exploration and labor
In addition to goods and services, countries also export and import art, cultural events, medical advances, space exploration, and labor.
Art and cultural events can be exported through various means, such as touring exhibitions, performances, and festivals. Medical advances can be shared through scientific collaborations and partnerships between countries. Space exploration can also involve international cooperation and collaboration, with countries sharing technology and expertise in order to achieve common goals. Labor can be exported through the hiring of foreign workers or the outsourcing of jobs to other countries.
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Amy invested $500 per month in a 401k that earned 6% annual return for 40 years. Hank invested $1,000 per month in a 401k that also earned 6% annual return, but for 20 years. Which of the following would be true? Amy's balance would be greater than Hank's in the end.O Amy's balance is $5,142 and Hank's balance is $3,207. O Hank's balance would be greater than Amy's in the end.O The investment and balance would be the same in the end. O None of these are true.
Amy's balance would be greater than Hank's in the end. This is because Amy invested for a longer period of time (40 years vs. 20 years) and still earned the same annual return of 6%. This allowed her money to compound and grow more over time.
Even though Hank invested twice the amount per month, Amy invested for twice the duration. The power of compounding means that the longer the investment period, the greater the returns. So, even though Amy invested less per month, her investment would have grown significantly over 40 years.
Meanwhile, Hank invested more per month but for only 20 years, so his investment would have grown less. Therefore, Amy's balance is expected to be greater than Hank's in the end.
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Clampett, Inc., has been an S corporation since its inception. On July 15, 2020, Clampett, Inc., distributed $69,000 to J.D. His basis in his Clampett, Inc., stock on January 1, 2020, was $73,500. For 2020, J.D. was allocated $11,000 of ordinary income from Clampett, Inc., and no separately stated items. What is J.D.'s basis in his Clampett, Inc., stock after all transactions in 2020? Multiple Choice $58,000.$47,000$36,000. $15,500. None of the choices are correct.
If Clampett, Inc., has been an S corporation since its inception, then J.D.'s basis in his Clampett, Inc., stock after all transactions in 2020 is $58,000.
To calculate J.D.'s basis in his Clampett, Inc., stock, we need to take into account the initial basis, any distributions received, and any allocated income.
J.D.'s initial basis in his Clampett, Inc., stock on January 1, 2020, was $73,500.
He received a distribution of $69,000 on July 15, 2020. This reduces his basis by the amount of the distribution, to $4,500 ($73,500 - $69,000).
J.D. was allocated $11,000 of ordinary income from Clampett, Inc., for 2020. This increases his basis by the amount of the income, to $15,500 ($4,500 + $11,000).
Therefore, J.D.'s basis in his Clampett, Inc., stock after all transactions in 2020 is $15,500, which matches one of the answer choices.
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Monthly contests constitute a _____ strategy.
personal selling.
advertising.
public relations/publicity.
sales promotions
Monthly contests constitute a sales promotion strategy. Sales promotions are short-term tactics used by businesses to encourage customers to buy their products or services.
The purpose of sales promotions is to boost sales, increase brand awareness, and create customer loyalty. Monthly contests are a popular type of sales promotion that businesses use to incentivize customers to engage with their brand. These contests often require customers to complete a specific action, such as making a purchase or sharing content on social media, in order to be entered into a drawing to win a prize. By offering a prize, businesses can create excitement and encourage participation in the contest. Sales promotions like monthly contests can be effective in driving short-term sales and creating buzz around a product or service. However, they should be used in conjunction with other marketing strategies, such as advertising and personal selling, to create a comprehensive marketing plan.
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_____ forecast and monitor the proportion of various protected group members, such as women and minorities, that are in various job categories and career tracks.
A) Ethnocracies
B) Group rights
C) Affirmative action plans =
D) T-test techniques
E) Employment background checks
The answer to the question is C) Affirmative action plans. These plans aim to promote equal opportunities in employment for protected groups, including women and minorities.
One of the ways they do this is by requiring employers to forecast and monitor the proportion of protected group members in various job categories and career tracks. This helps to identify any underrepresentation and take corrective action to address it.
Affirmative action plans are typically developed by employers as a way to comply with anti-discrimination laws and regulations. They require employers to take proactive steps to ensure equal employment opportunities for protected groups, including women, minorities, people with disabilities, and veterans. One of the key components of these plans is the monitoring of workforce data to track the representation of protected group members in various job categories and career tracks. This data is then used to identify areas of underrepresentation and to set goals and targets for increasing diversity and inclusion. By using these techniques, employers can help to create a more diverse and inclusive workforce that reflects the communities they serve.
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the effort that a person devotes to a task for which the person is paid
The effort a person devotes to a task for which they are paid refers to the amount of energy, concentration, and determination they invest in performing their job responsibilities. This effort can be both physical and mental, depending on the nature of the task.
A person's effort can directly impact the quality and efficiency of their work. A higher level of effort often results in better performance and increased productivity, which can lead to job satisfaction, career growth, and potential monetary rewards. On the other hand, a lack of effort can cause subpar performance, dissatisfaction from employers and clients, and possibly even job loss. It is essential for individuals to maintain a balance between the effort they devote to their paid tasks and other aspects of their lives, such as personal health, relationships, and leisure activities. Finding this balance helps ensure that a person remains engaged and motivated in their work while also enjoying a fulfilling personal life. In summary, the effort a person dedicates to a paid task is a critical component of their job performance and overall well-being. Striking a balance between work and personal life, as well as consistently applying oneself to achieve the best possible results, is crucial for success and satisfaction in one's career.
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PQR Corporation has taxable income before DRD of $60,000 that includes a dividend of $10,000 from a large publicly-traded domestic corporation. What is the tax liability of PQR Corporation? Multiple Choice $11,235. $12,600 $10,500. $11,500.
Based on the information provided, PQR Corporation has taxable income before DRD (dividends received deduction) of $60,000, which includes a $10,000 dividend from a large publicly-traded domestic corporation. The tax liability of PQR Corp will be option D i.e. $11,500.
Here is the step-by-step calculation:
1. Determine the Dividends Received Deduction (DRD): PQR Corporation received a $10,000 dividend, and since it's from a large publicly-traded domestic corporation, the applicable DRD percentage is 50%. Thus, DRD = $10,000 * 50% = $5,000.
2. Calculate the taxable income after DRD: Taxable income before DRD is $60,000. Subtract the DRD to get the taxable income after DRD: $60,000 - $5,000 = $55,000.
3. Calculate the tax liability: Assuming PQR Corporation is subject to a 21% corporate tax rate, multiply the taxable income after DRD by the tax rate: $55,000 * 21% = $11,550.
The tax liability of PQR Corporation is $11,550. The correct multiple choice answer would be closest to $11,500 i.e. option D.
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104. Training objectives are necessary to give both the trainer and the trainee goals that can be used to evaluate program success. True False
Training objectives are necessary to give both the trainer and the trainee goals that can be used to evaluate program success is True.
Training objectives provide a clear understanding of what the training program intends to accomplish and what trainees are expected to achieve. These objectives serve as goals for both the trainer and trainees, and can be used to evaluate the success of the program.
Training objectives are necessary to give both the trainer and the trainee goals that can be used to evaluate program success. These objectives provide clear expectations and outcomes for the training process, allowing for an accurate assessment of the program's effectiveness.
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a decision support system (dss) is an interactive information system designed to assist decision makers in an organization. a dss can offer a variety of interaction types depending on the variables being considered and the type of outcome the user is attempting to reach.
A decision support system (dss) is an interactive information system the technical designer serves as the intermediary between users and designers in a decision support system (DSS).
Teams of fashion designers and technical designers work together to turn concepts into finished products.They foresee design issues and collaborate with manufacturers and designers to make sure that garment specifications are updated and the finished product is of high quality and viability.
Technical designers create garments from concept to shelf-ready item in the fashion business. They present novel concepts and translate them into useful stuff. They work with manufacturers to develop a strategy that guarantees the finished product meets their company's quality standards. Fashion design is the industry for you if you want to create and consider yourself more of an artist than a designer. A decision support system is a collection of computer programmes created to aid in the reasonable analysis of data, professional knowledge.
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Exercise 8-6A (Algo)
Using a flexible budget to accommodate market uncertainty LO 8-4 According to its original plan, Thornton Consulting Services Company plans to charge its customers for service at $130 per hour in Year 2. The company president expects consulting services provided to customers to reach 49,000 hours at that rate. The marketing manager, however, argues that actual results may range from 45,000 hours to 53,000 hours because of market uncertainty. Thornton's standard variable cost is $40 per hour, and its standard fixed cost is $1,460,000.
Required Develop flexible budgets based on the assumptions of service levels at 45,000 hours, 49,000 hours, and 53,000 hours.
Flexible budgets based on the assumptions of service levels at 45,000 hours, 49,000 hours, and 53,000 hours are as follows-
Net income at 45,000 hours = $ 2,590,000
Net income at 49,000 hours = $ 2,950,000
Net income at 53,000 hours = $3,310,000
The flexible can be prepared as follows:
Thornton Consulting Services Company
Flexible Budgets for/of Year 2
45,000 49,000 53,000
Hours Hours Hours
Details $ $ $
Service income ($130 * Hours) 5,850,000 6,370,000 6,890,000
Variable cost ($40 * Hours) (1,800,000) (1,960,000) (2,120,000)
Contribution margin 4,050,000 4,410,000 4,770,000
Fixed cost (1,460,000) (1,460,000) (1,460,000)
Net income 2,590,000 2,950,000 3,310,000
Revenue is deducted from the cost of products sold, selling, general and administrative, operating, depreciation, interest, taxes, and other expenses resulting in net income (NI), also known as net income. Investors can use this metric to determine how well a company's revenue exceeds its costs. This number measures/calculates the profitability of the company and can be found in the income statement.
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c) Michalleti Marketing Consulting Ltd issued Gh¢ 500million of zero-coupon bonds with ex-interest of Ghe 120, due for repayment in 5years time at par. Its current market price is Gh¢ 105. What is the company's cost of debt capital? (2 Marks)
In the case of Michalleti Marketing Consulting Ltd, the company issued Gh¢ 500 million of zero-coupon bonds with an ex-interest of Gh¢ 120, which are due for repayment in 5 years at par. The current market price of these bonds is Gh¢ 105. The cost of debt will be 37.44%.
To calculate Michalleti Marketing Consulting Ltd's cost of debt capital for the Gh¢ 500 million zero-coupon bonds with ex-interest of Gh¢ 120, due for repayment in 5 years at par, and a current market price of Gh¢ 105, follow these steps:
1. Identify the face value (FV) of the bond, which is the par value to be repaid in 5 years. In this case, FV = Gh¢ 500 million.
2. Determine the initial investment or bond price (PV), which is the current market price of the bond. In this case, PV = Gh¢ 105.
3. Identify the time to maturity (t) of the bond, which is the number of years until repayment. In this case, t = 5 years.
4. Calculate the company's cost of debt capital using the formula: Cost of Debt Capital = [tex]\frac{FV }{PV} ^{1/t} - 1[/tex]
5. Plug the values into the formula: Cost of Debt Capital =[tex]\frac{500}{105} ^{1/5} - 1[/tex]
6. Perform the calculations: Cost of Debt Capital = [tex]4.76^{1/5} - 1[/tex]
7. Final calculation: Cost of Debt Capital = 1.3744 - 1
The company's cost of debt capital is approximately 37.44%.
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What guides the Development Team on why it is building the Increment?
The Development Team is guided by the Product Backlog, which is a prioritized list of user stories, features, and requirements that the stakeholders have identified as valuable for the product.
The Development Team works on the highest-priority items first, which are typically those that deliver the most value to the customer or end user. The Increment is built in small iterations, with each iteration adding more functionality and value to the product. The Development Team is constantly evaluating the Increment and making adjustments based on feedback from stakeholders and users, as well as their own experience and expertise. Ultimately, the goal is to build a product that meets the needs and expectations of the stakeholders and end users, while also being technically sound and maintainable over time.
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suppose that japanese and chinese workers are equally productive, but japanese workers receive a higher wage than chinese workers. then, refusing to hire chinese workers would
Refusing to hire Chinese workers solely based on their nationality would be discriminatory and unethical, regardless of their productivity or the wage disparity between Japanese and Chinese workers.
It is important to ensure equal treatment and opportunities for all workers, regardless of their nationality, race, gender, or any other protected characteristic.
If there are legitimate reasons for wage disparities between Japanese and Chinese workers, such as differences in experience, education, or job responsibilities, then employers should provide a clear and transparent explanation for the differences in pay. Employers should also ensure that their hiring practices are fair and based on merit, rather than nationality or other discriminatory factors.
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Describe the types of procedures auditors perform as part of their assessment procedures.
Auditors perform several types of procedures as part of their assessment procedures. These procedures can be categorized into three main types, namely, risk assessment procedures, substantive procedures, and analytical procedures.
Risk assessment procedures involve gaining an understanding of the entity and its environment, including its internal control systems, to identify potential risks that could impact the financial statements. This could include inquiries with management, reviewing relevant documents, and observing the entity's operations.
Substantive procedures involve testing the accuracy and completeness of transactions and balances in the financial statements. These could include detailed testing of specific transactions, such as accounts payable and accounts receivable, or substantive analytical procedures, such as trend analysis and ratio analysis.
Analytical procedures involve evaluating financial information by comparing relationships between financial and non-financial data. This could include comparing current year financial information with prior years or industry benchmarks to identify any unusual fluctuations or trends.
In conclusion, auditors perform a range of procedures to assess the accuracy and completeness of financial statements. By conducting these procedures, auditors can provide assurance that the financial statements are reliable and can be used by stakeholders to make informed decisions.
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11.65 subsequent events and contingent liabilities. crankwell inc. is preparing its annual financial statements and annual report to stockholders. management wants to be sure that all of the necessary and proper disclosures have been incorporated into the financial statements and the annual report. two classes of items that have an important bearing on the financial statements are subsequent events and contingent liabilities. the financial statements could
Including disclosures on subsequent events and contingent liabilities in financial statements is crucial for providing accurate information and enabling stakeholders to make informed decisions
Reflecting the impact of subsequent events and contingent liabilities in financial statements is critical for providing complete and accurate information to stakeholders.
Proper disclosure of such events and potential obligations helps users of the financial statements understand the potential impact on the financial position of the company.
Additionally, if a material event occurs after the balance sheet date, it may require adjustment of the financial statements or additional disclosure. Proper disclosure of subsequent events and contingent liabilities ensures the financial statements are fairly presented and enables stakeholders to make informed decisions.
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Built-Tight is preparing its master budget. Budgeted sales and cash payments follow, July August September Budgeted sales $ 58,000 $ 74,000 $ 54,000 Budgeted cash payments for Direct materials 15,960 13,240 13,560 Direct labor 3,840 3,160 3,240 Overhead 20,000 16,600 17 , ᎾᎾᎾ . Sales to customers are 25% cash and 75% on credit Sales in June were $55,500. All credit sales are collected in the month following the sale. The June 30 balance sheet includes balances of $39,000 in cash and $4,800 in loans payable A minimum cash balance of $39.000 is required Loans are obtained at the end of any month when the preliminary cash balance is below $39,000 Interest is 1% per month based on the beginning of the month loan balance and is paid at each month-end Any preliminary cash balance above $39,000 is used to repay loans at month-end Expenses are paid in the month incurred and consist of sales commissions (10% of sales), office salaries ($3,800 per month), and rent ($6,300 per month)
To prepare the master budget for Built-Tight, we need to take into account the various components of the budget, including sales, production, and cash disbursements. Here's how we can approach it:
Budgeted cash collections for July, August, and September:July: (25% of $58,000) + (75% of $55,500) = $14,500 + $41,625 = $56,125August: (25% of $74,000) + (75% of $58,000) = $18,500 + $43,500 = $62,000September: (25% of $54,000) + (75% of $74,000) = $13,500 + $55,500 = $69,000
2. Budgeted cash payments for July, August, and September:
Direct materials: $15,960 + $13,240 + $13,560 = $42,760Direct labor: $3,840 + $3,160 + $3,240 = $10,240Overhead: $20,000 + $16,600 + $17,000 = $53,600Sales commissions: 10% of budgeted sales = $5,800 + $7,400 + $5,400 = $18,600Office salaries: $3,800 x 3 months = $11,400Rent: $6,300 x 3 months = $18,900Total cash payments: $42,760 + $10,240 + $53,600 + $18,600 + $11,400 + $18,900 = $155,6003. Budgeted cash balance:
June 30 cash balance: $39,000Cash inflows for July, August, and September: $56,125 + $62,000 + $69,000 = $187,125Cash outflows for July, August, and September: $155,600Net cash increase: $31,525Ending cash balance: $39,000 + $31,525 = $70,5254.Budgeted financing activities:
No loans needed for July, since the preliminary cash balance is above the minimum of $39,000.August: $155,600 - $62,000 = $93,600 loan neededSeptember: $70,525 - $39,000 = $31,525 available to repay loans from AugustInterest on August loan: 1% x $93,600 = $936Ending loans payable balance for August: $93,600 + $936 = $94,536Interest on September loan: 1% x $94,536 = $945Ending loans payable balance for September: $94,536 + $945 - $31,525 = $63,956These are the main calculations needed to prepare Built-Tight's master budget.
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The present value of a bond that pays $60 in coupon payments at the end of each year for 3 years and an additional $1,200 at the end of the third year. If the interest rate is 7%, then the present value is $[blank]. Just enter a value. Round your final answer two decimal points. For example, 123.34 or 987.10.
The present value of the bond is $1,149.86 at 7% of interest rate and an additional payment of $1,200 at the end of the third year.
Bond payment = $60
Time period = 3 years
Additional payment = $1,200 end of the third year
Interest rate = 7%
To estimate the present value of the bond, the formula used is:
PV = (Coupon payment / (1 + interest rate)^n)
PV(coupon year 1) = [tex]($60 / 1.07^1)[/tex] = $56.07
PV(coupon year 2) = [tex]($60 / 1.07^2)[/tex] = $52.46
PV(coupon year 3) =[tex]($60 / 1.07^3)[/tex] = $49.05
PV(final payment) = ($1,200 / 1.07^3) = $992.28
The total present value of the bond is defined as the sum of the present values of the coupon payments and the final payment for the bond is:
PV = $56.07 + $52.46 + $49.05 + $992.28 = $1,149.86
Therefore, we can conclude that the present value of the bond is $1,149.86.
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taco time corporation is evaluating an extra dividend versus a share repurchase. in either case, $12,880 would be spent. current earnings are $3.15 per share, and the stock currently sells for $73 per share. there are 4,600 shares outstanding. ignore taxes and other imperfections. what will the company's eps and pe ratio be under the two different scenarios?market value balance sheetcash$ 134,000debt$ 116,000fixed assets652,000equity670,000total$ 786,000total$ 786,000
Under the two scenarios: Extra Dividend Scenario: EPS = $0.685 and P/E Ratio = 106.57; Share Repurchase Scenario: EPS = $0.711 and P/E Ratio = 102.62
To calculate the EPS (Earnings Per Share) and P/E (Price-to-Earnings) ratio under the two scenarios of extra dividend and share repurchase, we need to consider the impact on the number of shares outstanding.
Extra Dividend Scenario:
If the company decides to distribute an extra dividend of $12,880, the number of shares outstanding will remain the same at 4,600. The earnings per share (EPS) can be calculated by dividing the current earnings by the number of shares outstanding:
EPS = Current Earnings / Number of Shares OutstandingEPS = $3.15 / 4,600EPS = $0.685The P/E ratio is determined by dividing the market price per share by the EPS:
P/E Ratio = Market Price per Share / EPSP/E Ratio = $73 / $0.685P/E Ratio = 106.57Share Repurchase Scenario:
If the company decides to use $12,880 for a share repurchase, we need to calculate the number of shares that can be repurchased with this amount. Since the stock currently sells for $73 per share, the number of shares repurchased can be determined as:
Number of Shares Repurchased = Amount Spent / Market Price per ShareNumber of Shares Repurchased = $12,880 / $73Number of Shares Repurchased = 176.71The number of shares outstanding after the repurchase will be:
New Number of Shares Outstanding = Previous Number of Shares Outstanding - Number of Shares RepurchasedNew Number of Shares Outstanding = 4,600 - 176.71New Number of Shares Outstanding = 4,423.29The EPS under the share repurchase scenario is calculated as:
EPS = Current Earnings / New Number of Shares OutstandingEPS = $3.15 / 4,423.29EPS = $0.711The P/E ratio under the share repurchase scenario can be calculated as:
P/E Ratio = Market Price per Share / EPSP/E Ratio = $73 / $0.711P/E Ratio = 102.62Therefore, under the two scenarios:
Extra Dividend Scenario: EPS = $0.685 and P/E Ratio ≈ 106.57Share Repurchase Scenario: EPS = $0.711 and P/E Ratio ≈ 102.62Learn more about EPS: brainly.com/question/28506840
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Glascro Company manufactures skis. The management accountant wants to calculate the fixed and variable costs associated with the leasing of machinery. Data for the past four months were collected as follows: Month Lease cost Machine hours April $15,000 800 May 10,000 600 June 12,000 770July 16,000 1,000 What would be the total lease cost of Glascro Company at a level of 500 machine hours? O a. $20,000 Ob. $17,450 c. $16,000 d. $8,500
The correct answer to the question is d. $8,500. To calculate the total lease cost for Glascro Company at a level of 500 machine-hours, we will first determine the fixed and variable costs associated with the leasing of machinery.
1. Organize the data:
- April: Lease cost $15,000, Machine hours 800
- May: Lease cost $10,000, Machine hours 600
- June: Lease cost $12,000, Machine hours 770
- July: Lease cost $16,000, Machine hours 1,000
2. Calculate the variable cost per machine hour:
- Find the difference in cost and machine hours between months (e.g., April and May: ($15,000 - $10,000) / (800 - 600))
- Repeat for all month pairs, and find the average variable cost per machine hour.
3. Calculate the fixed cost:
- Using the variable cost per machine hour, determine the fixed cost in each month (e.g., April: $15,000 - (800 * variable cost per machine hour))
- Find the average fixed cost across all months.
4. Calculate the total lease cost for 500 machine hours:
- Multiply the variable cost per machine hour by 500 and add the fixed cost.
Using the given data and following these steps, the total lease cost of Glascro Company at a level of 500 machine hours is found to be $8,500. Therefore, the correct answer is d. $8,500.
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Advertising agencies spend billions of dollars a year attempting to persuade the to use their product. TRUE/FALSE
The answer for the statement is ''Advertising agencies spend billions of dollars a year attempting to persuade the to use their product '' is TRUE. Advertising agencies do spend billions of dollars each year on persuading consumers to use their products.
They create various marketing campaigns, commercials, billboards, social media posts, and other promotional materials to get the message out about their products. These campaigns are often designed to appeal to the emotions and desires of consumers, making them feel that they need the product being offered.
The aim of these advertisements is to generate interest, awareness, and ultimately, sales. As a result, companies and advertising agencies invest a lot of money and resources into advertising campaigns to capture the attention of consumers and increase sales.
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Which is a trait that cannot be taught through the JATC or O-J-T?
A trait that cannot be taught through the Joint Apprenticeship and Training Committee (JATC) or On-the-Job Training (O-J-T) is an individual's innate personality or inherent characteristics. These are aspects of a person that are present from birth and typically cannot be significantly altered through training or education.
JATC and O-J-T programs are designed to teach technical skills, knowledge, and proper work practices in a specific trade or profession. They provide hands-on experience, guidance from experienced professionals, and structured learning opportunities. While these training programs can improve a person's abilities, work ethic, and understanding of their chosen field, they cannot change an individual's inherent traits.
Examples of such inherent traits include a person's temperament, natural aptitudes, and certain aspects of their work style. For instance, traits such as empathy, introversion or extroversion, and innate problem-solving abilities are all deeply ingrained characteristics that are difficult, if not impossible, to teach or modify through training programs like JATC or O-J-T.
In conclusion, while JATC and O-J-T programs can significantly enhance a person's skills and knowledge in their chosen trade, they cannot teach or alter inherent traits that are deeply ingrained in an individual's personality.
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Jansen Crafters has the capacity to produce 50,000 oak shelves per year and is currently selling 44,000 shelves for $32 each. Cutrate Furniture approached Jansen about buying 1,200 shelves for bookcases it is building and is willing to pay $26 for each shelf. No packaging will be required for the bulk order. Jansen usually packages shelves for Home Depot at a price of $1.50 per shelf. The $1.50 per-shelf cost is included in the unit variable cost of $27, with annual fixed costs of $320,000. However, the $1.50 packaging cost will not apply in this case. The fixed costs will be unaffected by the special order and the company has the capacity to accept the order. Based on this information, what would be the profit if Jansen accepts the special order?
A.Profits will increase by $31,200.
B.Profits will decrease by $1,200.
C.Profits will increase by $7,200.
D.Profits will increase by $600.
C. Profits will increase by $7,200, it's important to note that accepting the special order will also decrease the number of shelves available to sell at the regular price, so the impact on overall profits needs to be considered.
To calculate the profit from the special order, we need to compare the revenue generated from the order with the cost of producing the shelves. The revenue from the special order would be:
1,200 shelves x $26/shelf = $31,200
To calculate the cost of producing the shelves, we need to consider the unit variable cost and the packaging cost. The unit variable cost is $27 per shelf, but we know that the $1.50 packaging cost won't apply in this case. Therefore, the cost per shelf will be $27 - $1.50 = $25.50. The total cost of producing 1,200 shelves will be:
1,200 shelves x $25.50/shelf = $30,600
To calculate the profit, we subtract the cost from the revenue:
$31,200 - $30,600 = $600
Therefore, the profit from the special order will be $600. Since this is a positive number, accepting the special order will increase profits.
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if two collectivities have different behaviors when they have the same dependent variable applied, elkins and simeon state that .
If two collectivities have different behaviors when they have the same dependent variable applied, Elkins and Simeon state that this could be due to the influence of contextual factors. These contextual factors include historical, cultural, and institutional factors that may vary between different collectivities.
Elkins and Simeon argue that these contextual factors are crucial to understanding and explaining differences in behavior between collectivities, and that they should be taken into account when conducting comparative studies.
Additionally, they emphasize the importance of recognizing that behavior is not solely determined by the independent variable, but also by these contextual factors. Therefore, comparative studies must consider the influence of these factors in order to accurately interpret differences in behavior between collectivities.
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identify the category of correlation. the firm employs more factors of production if there is an increase in the demand for its product.
To identify the category of correlation between a firm employing more factors of production and an increase in the demand for its product, we must first understand the types of correlation. Correlations can be positive, negative, or no correlation (zero).
In this case, as the demand for the firm's product increases, the firm employs more factors of production to meet the demand. This indicates a positive correlation, as both variables (demand and factors of production) are moving in the same direction.
Step-by-step explanation:
1. Understand the relationship between the two variables: demand for the firm's product and factors of production employed by the firm.
2. Observe that as the demand for the product increases, the firm employs more factors of production.
3. Recognize that the variables are moving in the same direction (both increasing).
4. Conclude that the category of correlation is positive.
So, the category of correlation between a firm employing more factors of production and an increase in the demand for its product is a positive correlation.
This means that as demand for the product increases, the firm will also increase its use of factors of production to meet this growing demand.
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the work breakdown structure (wbs) is a framework that will be used as a basis for further planning activities including all the following except
a. developing the project schedule
b. developing the project cost estimate
c. identifying key stakeholders
d. identifying project risks
Identifying key stakeholders is not typically a direct part of developing a work breakdown structure (WBS). While stakeholders can be considered in developing the WBS, they are not a necessary component of the WBS itself.
However, identifying key stakeholders is an important part of project planning and management and should be considered separately from the WBS.
A WBS is a hierarchical breakdown of the project deliverables and work activities, and it is typically used as a basis for further planning activities such as developing the project schedule and cost estimate, as well as identifying project risks.
The WBS provides a clear and structured view of the project scope, and it helps to identify all the tasks that need to be completed in order to achieve the project goals.
This makes it a useful tool for developing the project schedule and cost estimate, as well as for identifying potential risks that may arise during the project.
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relative valuation has several advantages relative to other valuation techniques. which of the following is an advantage of relative valuation?
Answer: Simple to learn and use
Comparing a company's financial indicators, such as its price-to-earnings ratio or price-to-book ratio, to similar firms in the same sector is what relative valuation entails. This enables a quick and easy evaluation of a company's worth relative to its peers.
It is appropriate for businesses that are not yet profitable or have negative earnings. Other valuation methodologies, such as discounted cash flow analysis, may not be as helpful in such instances.
Also, relative valuation considers the present market situation and investor mood, both of which can influence a company's price. This might be useful in finding firms that are cheap or overpriced dependent on market conditions.
Relative valuation is a popular valuation technique in finance and has several advantages over other valuation techniques such as absolute valuation. One of the key advantages of relative valuation is:
1. Simplicity: Relative valuation is relatively easy to understand and apply. It involves comparing the price or value of a security or asset to a benchmark, such as its peers or industry averages.
Other potential advantages of relative valuation may include:
2. Market-based: Relative valuation is based on market prices and multiples, making it more reflective of market sentiment and expectations. This can be useful in situations where market sentiment may be more important than underlying fundamentals.
3. Widely used: Relative valuation is a widely used technique and is often used by analysts, investors, and traders. This means that there is a wealth of data and research available on relative valuation, making it easier to apply.
4. Considers multiples: Relative valuation typically involves using multiples such as price-to-earnings (P/E) or price-to-book (P/B) ratios. This can be useful in comparing companies with different levels of earnings or assets.
It's important to note that while relative valuation has several advantages, it also has limitations and may not be appropriate in all situations.
It is often used in combination with other valuation techniques to provide a more comprehensive analysis.
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2. Prairie Airlines purchased a 747 aircraft on January 1, 2016, at a cost of $30,000,000. The estimated useful life of the aircraft is 20 years, with an estimated residual value of $4,000,000. What is the carrying amount for December 2018, using Diminishing-balance method. Carrying Amt Depreciation Annual Accumulated Carrying Year Beginning Yr Rate Depreciation Depreciation
We need to calculate the depreciation rate for Diminishing-balance method:
Depreciation rate = 2 / Useful life
Depreciation rate = 2 / 20 = 0.10
Now, we can calculate the carrying amount and accumulated depreciation for December 2018:
Year 1:
Beginning Carrying Amount = $30,000,000
Depreciation Expense = $30,000,000 x 0.10 = $3,000,000
Accumulated Depreciation = $3,000,000
Year 2:
Beginning Carrying Amount = $27,000,000 ($30,000,000 - $3,000,000)
Depreciation Expense = $27,000,000 x 0.10 = $2,700,000
Accumulated Depreciation = $3,000,000 + $2,700,000 = $5,700,000
Year 3 (December 2018):
Beginning Carrying Amount = $24,300,000 ($27,000,000 - $2,700,000)
Depreciation Expense = $24,300,000 x 0.10 = $2,430,000
Accumulated Depreciation = $5,700,000 + $2,430,000 = $8,130,000
Therefore, the carrying amount for December 2018 is $24,300,000 and the accumulated depreciation is $8,130,000.
Who is the leader in terms of getting feedback from the Key Stakeholders in the Sprint Review?
The Scrum Master is responsible for facilitating the Sprint Review and ensuring that feedback is obtained from the key stakeholders.
However, the whole Scrum Team should be involved in gathering and analyzing feedback from stakeholders to identify areas for improvement and potential changes to the product backlogIn Scrum, the Product Owner is responsible for gathering feedback from key stakeholders during the Sprint Review. The Product Owner then incorporates this feedback into the Product Backlog and works with the Scrum Team to adjust priorities and plan for the next Sprint. The Product Owner is the person ultimately responsible for the success of the product and ensuring that the stakeholders' needs are being met..
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