Answer:
there are two different actions in this decision making problem:
action 1: go to court and defend himselfaction 2: settle out of court and pay money to the plaintiffExplanation:
When you are solving a problem and need to make to a decision, the actions are the result of what decision you finally decided to make. In this case, the doctor can decide to go to court or not. If he decides to go to court, he will have to defend himself in court. If he decides not to go to court, he will need to settle with the plaintiff without engaging in a court trial.
Big Wheel, Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. Sales on account are budgeted to be $17,900 for March and $50,600 for April. What are the budgeted cash receipts from sales on account for April
Answer:
$26,075
Explanation:
Follow the Receipt Cycle that has been stated but this time focusing on the month of April
Receipts :
Collection for April Sales ( $50,600 × 25%) = $12,650
Collection for March Sales ( $17,900 × 75%) = $13,425
Total Collection in April = $26,075
Therefore, Total cash receipts from sales on account for April are $26,075.
A company purchased an asset for $2,850,000 that will be used in a 3-year project. The asset is in the 3-year MACRS class. The depreciation percentage each year is 33.33%, 44.45%, and 14.81%, respectively. What is the book value of the equipment at the end of the project?
A) $211,185.B) $0.C) $633,270.D) $1,900,095.E) $2,638,815.
Answer:
A) $211,185
Explanation:
The computation of the book value of the equipment at the end of the project is as follows;
Depreciation in Year 1 is
= Asset Price × 33.33%
= $2,850,000 × 33.33%
= $949,905
Depreciation in Year 2 is
= Asset Price × 44.45%
= $2,850,000 × 44.45%
= $1,266,825
And, Depreciation in Year 3 is
= Asset Price × 14.81%
= $2,850,000 × 14.81%
= $422,085
Now
Total Accumulated Depreciation is
= $949,905 + $1,266,825 + $422,085
= $2,638,815
And, finally
Book Value of the equipment is
= $2,850,000 - $2,638,815
= $211,185
Therefore the correct option is a.
The information that follows relates to Khan Corporation:________.
Sales margin: 7.5%
Capital turnover: 2
Invested capital: $20,000,000
On the basis of this information, the company's sales revenue is:______.
A) $40,000,000.
B) $10,000,000.
C) $1,500,000.
D) $3,000,000.
E) None of the answers is correct.
Answer:40,000,000
Explanation:
Sales margin: 7.5%
Capital turnover: 2
Invested capital: $20,000,000
The company sales revenue will be calculated thus:
Capital turnover = Sales / Invested capital
Therefore, 2 = Sales / 20,000,000
Sales = 2 × 20,000,000
Sales = 40,000,000
Therefore,the company sales revenue is 40,000,000
Zoom, Inc. makes a sale for $600. The company is required to collect sales taxes amounting to 7%. The journal entry to record the sale will include a: ___________.
a. credit to Cash for $642.
b. credit to Sales Revenue for $600.
c. debit to Cash for $600.
d. credit to Sales Revenue for $642.
e. debit to Sales Tax Payable for $42.
Answer:
b. credit to Sales Revenue for $600.
Explanation:
The sales tax is 7% of the sales price which is $600
Sales tax=7%*$600=$42
The journal entries for this transaction would have a debit of $642(sales price plus sales tax i.e $600+$42=$642) in the cash account and not credit as shown by option a.
Also, sales revenue would be credited with sales price of $600 while sales tax payable is credited with the amount of sales tax which is $42( not a debit as shown by option e)
Which of the following colors is highly variable and can be either cool or slightly warm, depending on how it is used?
Explanation:
Dark blue with dark red
Knight Corp. obtained land by issuing 3,000 shares of its $10 par value common stock. The land was recently appraised at $72,000. The common stock is actively traded at $25 per share. When recording the acquisition of the land, what amounts will be recorded in the Land and Common Stock accounts?
Answer: See explanation
Explanation:
From the question, we are informed that Knight Corp. obtained land by issuing 3,000 shares of its $10 par value common stock and that the land was recently appraised at $72,000 while the common stock is actively traded at $25 per share.
When recording the acquisition of the land, what amounts will be recorded in the Land and Common Stock accounts goes thus:
Debit: Land 3000 × $25 = $75000
Credit: Common stock = 3000 × $10 = $30,000
Therefore, the amount that will be recorded in the Land is $75000 and Common Stock accounts is $30000
Question 3 of 10
When a nation's standards of financial reporting are transparent and effective:
OA. citizens tend to have greater confidence in the economy.
B. businesses are unable to foster good relationships with
customers
DC. businesses in the country tend to lose profits and resources.
OD. the country's laws can be more easily violated.
Answer:
A. citizens tend to have greater confidence in the economy.
Explanation:
When a nation's standards of financial reporting are transparent and effective, by extension, the citizens tend to have greater confidence in the economy.
This is because when the government are transparent about the financial affairs of the nation, the citizens are confident in the economy
A provider of oil for home heating systems is offering $100 off its first delivery to new customers. This is an example of which sales promotion tactic?
a. Contest
b. Free gift with purchase
c. Bonuses
d. Push money
Answer:
b. Free gift with purchase
Explanation:
The promotion tactic that the provider is trying to use is a Free gift with purchase. This is because by making your first every purchase the company is basically gifting you a certain amount of money through a discount of your purchasing total. Companies tend to do this in order to attract customers through the enticement of free money or products/gifts. They are able to do this because a single purchase will make them more profit than they are wasting on the gift and can lead to recurring customers.
Amy Farmer is getting a loan to buy a used car.The bank wants to know the trade-in value of the car she is purchasing.Which of the 5 Cs of credit is the bank examining?
A) Character
B) Capacity
C) Capital
D) Collateral
E) Conditions
Answer:
D) Collateral
Explanation:
In the given situation it is mentioned that the Amy farmer wants a loan so that Amy could purchased the car also the bank wants to know the car trade in value So here the examination done by the bank would be collateral as the loan is to be taken for buying a car
So the same is to be considered
hence, the correct option is D
And all the other options are incorrect
Swift Co. produces footballs. It incurred the following costs this year:
Direct materials $35,000
Direct labor 31,000
Fixed manufacturing overhead 22,000
Variable manufacturing overhead 38,000
Fixed selling and administrative expenses 23,000
Variable selling and administrative expenses 14,000
What are the total product costs for the company under variable costing?
Total product costs under variable costing $ _
Answer:
Total variable cost= $104,000
Explanation:
Giving the following information:
Direct materials $35,000
Direct labor 31,000
Variable manufacturing overhead 38,000
The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).
Total variable cost= 35,000 + 31,000 + 38,000
Total variable cost= $104,000
Xtron has few rules and procedures and prides itself on empowering lower-level employees to be nimble and responsive to its customers' rapidly changing needs. Xtron would be best described as a(n) ______ organization.
Answer:
Organic
Explanation:
From the question, we are informed about Xtron who has few rules and procedures and prides itself on empowering lower-level employees to be nimble and responsive to its customers' rapidly changing needs. In this case Xtron would be best described as a organic organization.
Organic organizations, which was set up by Tom Burns and G.M. Stalker arround 1950, organic organization can be regarded as organization that is can be embrace flexibility and have the potential to adapt well to changes, they also have
value external knowledge.
Proper Paints Company has a target capital structure of 35% debt and 65% common equity with no preferred stock. Its before tax cost of debt is 8% and its marginal tax rate is 25%. The current stock price is P0 = $22. The last dividend was D0 = $2.25 and it is expected to grow at a 5% constant rate. What is its cost of equity and it's WACC?
Answer:
cost of equity = 15.74 %
WACC = 12.33 %
Explanation:
The Weighted Average Cost of Equity (WACC) is the return that is required by providers of Long Term source of finance. WACC assumes the Pooling of Funds Principle when it comes to financing projects.
WACC = E/V × Ke + D/V × Kd
Where,
E/V = Market Weight of Equity
= 0.65
Ke = Cost of Equity
= D1 / P0 + g
= ($2.25 × 1.05)/ $22 + 0.05
= 15.74 %
D/V = Market Weight of Debt
= 0.35
Kd = Cost of Debt
= 8% × (1 - 0.25)
= 6 %
Therefore,
WACC = 0.65 × 15.74 % + 0.35 × 6 %
= 12.33 %
In general, the consumers who seek out Louis Vuitton branded products are more likely to be _______.
a. price-conscious.b. prestige-sensitive.c. bargain shoppers.d. cost-sensitive.e. value-conscious.
Answer:
c).prestige-sensitive
Explanation:
Prestige sensitivity can be regarded as
favourable perceptions of price which is as a result of prominence as well status of the company that produce the product. Prestige-sensitive buyers prefer to go for product with prominence and status. It should be noted that In general, the consumers who seek out Louis Vuitton branded products are more likely to be prestige-sensitive.
Given the following data:
Net sales $430,000
Cost of goods sold $80,000
Gross profit $350,000
Operating expenses $50,000
Net income $300,000
In vertical analysis, net income would be expressed as: (Round your final answer to the nearest whole percent)
A. 12%.
B. 81%.
C. 70%.
D. 19%
Answer:
C. 70%.
Explanation:
Calculation for the net income
Using this formula
Net income=Net income/Net Sales
Let plug in the formula
Net income= $300,000/ $430,000
Net income=70%
Therefore the net income would be expressed as 70%
Glenn is an accountant who races stock cars as a hobby. This year Glenn was paid a salary of $83,000 from his employer and won $2,300 in various races. What is the effect of the racing activities on Glenn's taxable income if Glenn has also incurred $4,500 of hobby expenses this year?
At contract maturity the value of a call option is ___________, where X equals the option's strike price and ST is the stock price at contract expiration.
a. max (0, ST - X)
b. min (0, ST - X)
c. max (0, X - ST)
d. min (0, X - ST)
Answer:
A. Max (0, ST - X)
Explanation:
call option which is also known as a "call", can be regarded as a contract, that exist between both buyer as well as the seller of the call option, in so that security exchange at a set price can occur. It should be noted that At contract maturity the value of a call option is Max (0, ST - X) where X equals the option's strike price and ST is the stock price at contract expiration.
Solo Corp. is evaluating a project with the following cash flows:
Year Cash Flow 0 $28100 1 10,300 2 13,000 3 14,900 4 12,000 5 — 8,500
The company uses an Interest rate of 8 percent on all of Its projects.
a. Calculate the MIRR of the project using the discounting approach. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places. e.g., 32.16.)
b. Calculate the MIRR of the project using the reinvestment approach. (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
c. Calculate the MIRR of the project using the combination approach. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
a. Discounting approach MIRR %
b. Reinvestment approach MIRR %
c. Combination approach MIRR €Y.
Answer and Explanation:
The computation of MIRR under the following methods are shown below:
a. Using the Discounting Approach:
Interest Rate = 8%
The Present Value of Cash Outflows os
= -$28,100 - $8,500 ÷ 1.08^5
= -$33,884.96
Now
Let us assume the MIRR be i%
So,
0 = -$33,884.96 + $10,300 ÷ (1 + i) + $13,000 ÷ (1 + i)^2 + $14,900 ÷ (1 + i)^3 + $12,000 ÷ (1 + i)^4
Now use the financial calculator, after using it i is 17.18%
Thus, MIRR is 17.18%
b. Using the Reinvestment Approach:
Interest Rate = 8%
The Future Value of Cash Flows is
= $10,300 × 1.08^4 + $13,000 × 1.08^3 + $14,900 × 1.08^2 + $12,000 × 1.08 - $8,500
= $52,228.65
Let us assume MIRR be i%
So,
0 = -$28,100 + $52,228.65 ÷ (1 + i)^5
(1 + i)^5 = 1.85867
1 + i = 1.1320
i = 0.1320
= 13.20%
Thus, MIRR is 13.20%
c. Using the Combination Approach:
Interest Rate = 8%
Present Value of Cash Outflows is
= -$28,100 - $8,500 ÷ 1.08^5
= -$33,884.96
And,
Future Value of Cash Inflows is
= $10,300 × 1.08^4 + $13,000 × 1.08^3 + $14,900 × 1.08^2 + $12,000 × 1.08
= $60,728.65
Let us assume MIRR be i%
So,
0 = -$33,884.96 + $60,728.65 ÷ (1 + i)^5
(1 + i)^5 = 1.7922
1 + i = 1.1238
i = 0.1238
= 12.38%
Thus, MIRR is 12.38%
Which management function is also a financial responsibility
A.planning
B.organizing
C.staffing
D.coordinating
E.controlling
Answer:
The CORRECT answer is...... Staffing
Explanation:
Look at the picture
When reflecting upon the newer generation, each older generation says the same thing:
Answer:
live long boomers
Explanation:
Getting certain advanced certifications can require ______.
a.
Passing knowledge tests
b.
Years of experience
c.
Extensive training
d.
All of the above
Answer:
d. All of the above
Explanation:
Advanced certificate programs as the name entails are only for professionals who are established in their careers line. Ordinary or new professionals cannot get this certificate as it requires experiences and job test to acquire the certificate. Passing knowledge tests, years of experience and extensive training are all requisite to possess to be able to acquire advance certificate.
Answer:
d all of the above. HOPE THIS HELPS!!
Explanation:
If the abnormal return for a stock during the first week is +5 percent and +3 percent during the second week, what is the abnormal return for the two-week period?
A) 5 percent
B) 3 percent
C) 8.15 percent
D) 8 percent
Answer:
C) 8.15 percent
Explanation:
The computation of the abnormal return for the two week period is as follows:
Abnormal return is
= (1 + first week abnormal return) × (1 + second week abnormal return) - 1
= (1 + 5%) × (1 + 3%) - 1
= 1.0815% - 1
= 8.15%
Hence, the correct option is c.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
For a pure competition firm if price is less than the minimum of the __________, output at 0 will result in less loss than producing at any other level.
Answer:
need more information
Explanation:
For a pure competition firm is charging a price less than the minimum average variable cost at zero output , will result in a loss than producing at any other level.
What is a pure competition firm?A theoretical market structure is referred to as pure competition. There are numerous buyers and sellers, and prices are determined by supply and demand. Companies make only enough money to stay in business. If they made too much money, other companies would enter the market and drive down profits.
If a profit-maximizing firm produces a positive output in the short run, then the market price must be greater than or equal to the Average variable cost (AVC) at that output level. Hence when price is less than minimum AVC, the firm produces zero output.
Therefore the market price is less than average variable cost for zero output for pure competition firm.
To learn more about, pure competition, click here:
https://brainly.com/question/28189773
#SPJ5
An early 1970s government study ("Work in America") identified three chief sources of worker dissatisfaction. Which of the following is one of those sources?
Answer:
The right approach is "The rigidity of rules and regulations".
Explanation:
Laws, as well as regulations throughout the red tape, are also rigid as well as unyielding. Clear, simple to comprehend. Because once we speak about administrative management, there have been many disadvantages to something like the mere implementation of that kind of principle to administer any organization.Maybe that's why the aforementioned is indeed the easiest alternative.
four activities or services that make trade easy
Answer:
The activities are:
1. Transport
In the cutting edge times there is a tremendous distance between places of creation and the places of utilization. This trouble is eliminated by a significant guide to exchange known as Transport.Transport makes place utility.
2. Communication
Communication implies sending or trade of data starting with one individual then onto the next.
Communication can be oral or recorded as a hard copy. It is important to impart data starting with one then onto the next to finish and settle the terms of deals, for example, costs of products, markdown permitted, the office of credit, and so forth
3. Banking
Banking tackles the issue of money. Finance managers get cash and furthermore pays cash in huge sums. It is unsafe to convey a lot of money starting with one spot then onto the next. Here comes Banking as an answer. Banking and monetary organizations take care of the issue of installment and encourage a smooth trade among purchaser and dealer. The finance managers may likewise require present moment and long haul reserves. Banks give such account to money managers.
4. Advertising
Advertising fills the information hole and it unravels the trouble of data. Trade of merchandise and ventures conceivable just if makers can carry the items to the customers. Advertising and exposure are significant media of mass correspondence. Advertising encourages buyers to think about the different brands fabricated by a few makers. The media used to publicize items are Radio, Papers, Magazines, television, the Web, Bulletin, and so on
Explanation:
Trade of products includes a few challenges, which are eliminated by helpers or strengthening underpins known as Aids to Trade.
Here, guides to exchange alludes to every one of those elaborate exercises, which straightforwardly or in a roundabout way encourages smooth trade of merchandise and enterprises.
if we say local materials
You are a U.S. investor who purchased British securities for 2,340 pounds one year ago when the British pound cost $1.52. No dividends were paid on the British securities in the past year. Your total return based on U.S. dollars was __________ if the value of the securities is now 2,440 pounds and the pound is worth $1.61.
a. 16.7%.
b. 20.0%.
c. 12.5%.
d. n/a.
Answer:
d. n/a
Explanation:
Calculation for Your total return based on U.S. dollars
Total return=(2,440 pounds*$1.61)- (2,340 pounds*$1.52)/ (2,340 pounds*$1.52)
Total return=$3,928.4-$3,556.8/$3,556.8
Total return=$371.60/$3,556.8
Total return=0.1045*100
Total return=10.45%
Therefore Your total return based on U.S. dollars was 10.45%
On June 1 of the current year, Cross Corp. issued $300,000 of 8% bonds payable at par with interest payment dates of April 1 and October 1. In its income statement for the current year ended December 31, what amount of interest expense should Cross report?
a. $14,000.
b. $6,000.
c. $12,000.
d. $8,000.
Answer: amount of interest expense Cross should report =a. $14,000.
Explanation:
interest expense = Principal( Face value) x Rate x period( Time)
Carrying value of the bond ( face value ) =$300,000
Rate= 8%
year ended on December, therefore The interest expense recorded would be for four months ( From June 1 to December 31 )
Therefore the Interest Expense = $300,000 x 8% x 7/12
= $300,000 x 0.08 x 7/12
= $168,000/12
$14,000
The amount of interest expense Cross should report at the current year end is $14,000
In an effort to create a healthcare safety net, the government requires employers to provide healthcare coverage to all employees. What impact will this increased coverage have on the supply of hospital beds in the short run?
a. It will decrease the supply
b. It will not affect the supply.
c. It will increase the supply.
Answer: It will decrease the supply
Explanation:
From the question, we are informed that in order to create a healthcare safety net, the government requires employers to provide healthcare coverage to all employees. Due to this, there will a rise in the number of hospital beds that will be required to cover for more people.
Since there is an increase in demand, there will be a reduction in supply in the short run as the increase in demand will be more than the supply of bed.
The stable and predictable base of deposited funds that are not highly sensitive to movements in market interest rates but tend to remain with the bank are called:
Answer:
Core deposits.
Explanation:
The stable and predictable base of deposited funds that are not highly sensitive to movements in market interest rates but tend to remain with the bank are called core deposits.
Basically, this type of deposit gives rise to a stable source of money (funds) used for lending by financial institutions such as banks to its customers. Core deposits include all active accounts by customers, certificate of deposits, money market deposits, time deposits, demand deposits, etc.
The main purpose of the core deposits is to ensure there are predictable costs and it can be used to measure a customer's loyalty.
an increase In long run aggregate supply can be expected to _______ the price level and ______ the natural rate of unemployment.
Answer:
fall is the answer for both blanks