Answer:
a. APPLICATION
If the risk of death can be predicted ahead of time, actions can be taken to mitigate that risk.
b. APPLICATION
If A.I. sensors can alert drivers to potential accidents, the drivers can take action to avoid said accidents which means that A.I can reduce the number of accidents occurring.
c. DOWNSIDE
The difficulty in getting A.I. to act in a certain way is a downside because the A.I. can give undesirable and irrelevant responses.
d. APPLICATION
If A.I. can aid humans in decision making so that decisions are better then this is an application.
e. DOWNSIDE
Common sense is very important in certain scenarios and is A.I. is devoid of this then it will take longer to perform in scenarios where common sense was needed.
f. DOWNSIDE
A potential for A.I. to be used in nefarious and malicious ways is most definitely a downside.
g. APPLICATION.
If A.I. can make better and more effective simulations than humans, this is an application that will save costs in a lot of industries.
repare a contribution format income statement segmented by divisions. 2-a. The Marketing Department has proposed increasing the West Division's monthly advertising by $25,000 based on the belief that it would increase that division's sales by 19%. Assuming these estimates are accurate, how much would the company's net operating income increase (decrease) if the proposal is implemented
Question Completion:
Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement: Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) $ 1,509,000 567,040 941,968 1,036,000 $ (94,040) In an effort to resolve the problem, the company would like to prepare an income statement segmented by division. Accordingly, the Accounting Department has developed the following information: Division Central $389,000 $600,000 $520,000 East West Sales Variable expenses as a percentage of sales Traceable fixed expenses 27% 36% $283,000 $336,000 $203,000
Prepare a contribution format income statement segmented by divisions Division Total Company East Central West
The Marketing Department has proposed increasing the West Division's monthly advertising by $25,000 based on the belief that it would increase that division's sales by 19%.
Answer:
Wingate Company
a. Contribution format income statement segmented by divisions
Division Total Company East Central West
Sales $ 1,509,000 $389,000 $600,000 $520,000
Variable expenses 567,040 217,840 162,000 187,200
Contribution margin 941,960 $171,160 $438,000 $332,800
Traceable fixed expenses 822,000 $283,000 $336,000 $203,000
Non-traceable fixed expense 214,000
Net operating income (loss) $ (94,040) ($111,840) $102,000 $129,800
b. If the marketing department's proposal is implemented, the net operating loss will decrease by $38,232, i.e from $94,040 to $55,808.
Explanation:
a) Data and Calculations:
Wingate's most recent monthly contribution format income statement:
Sales $ 1,509,000
Variable expenses 567,040
Contribution margin 941,968
Fixed expenses 1,036,000
Net operating income (loss) $ (94,040)
Additional information:
Division Central East West
Sales $389,000 $600,000 $520,000
Variable expenses as a
percentage of sales 56% 27% 36%
Traceable fixed expenses $283,000 $336,000 $203,000
Increase in Division West's fixed expenses by $25,000
Expected increase in Division West's sales = 19%
Contribution format income statement segmented by divisions
Division Total Company East Central West
Sales $ 1,509,000 $389,000 $600,000 $520,000
Variable expenses 567,040 217,840 162,000 187,200
Contribution margin 941,968 $171,160 $438,000 $332,800
Traceable fixed expenses 822,000 $283,000 $336,000 $203,000
Non-traceable fixed expense 214,000
Net operating income (loss) $ (94,040) ($111,840) $102,000 $129,800
Based on new proposal:
Contribution format income statement segmented by divisions
Division Total Company East Central West
Sales $ 1,607,800 $389,000 $600,000 $618,800
Variable expenses 602,608 217,840 162,000 222,768
Contribution margin 1,005,192 $171,160 $438,000 $396,032
Traceable fixed expenses 847,000 $283,000 $336,000 $228,000
Non-traceable fixed expense 214,000
Net operating income (loss) $ (55,808) ($111,840) $102,000 $168,032
Assets and costs are proportional to sales. The company maintains a constant 30 percent dividend payout ratio and a constant debt-equity ratio. What is the maximum increase in sales that can be sustained assuming no new equity is issued?
Answer:
$4,941.96
Explanation:
Note: The complete question is attached as picture below
ROE = NI/TA
ROE = 9,702/81,000
ROE = 0.1198
The plowback ratio b, is (1 - payout ratio)
b = 1 - 30%
b = 1 - 0.30
b = 0.70
Sustainable growth rate = (ROE*b)/ (1 - (ROE*b)
Sustainable growth rate = 0.1198*(0.70) / (1 - 0.1198*(0.70)0
Sustainable growth rate = 0.0915
Sustainable growth rate = 9.15%
Maximum increase in sales = $54,000 * (0.0915)
Maximum increase in sales = $4,941.96
In a survey of a group of people, it was found that 60 0f them have
business, 45 have government jobs, 125 have farming, 27 have business
only, 15 have government job only, 10 have business and government
job only, 5 have government job and farming only.
i) How many people have all the profession?
ii) How many people were there in a survey?
Answer:
i) 15 ii) 177
Explanation:
Number of people with business = 60
Number of people with farming = 125
Number of people with government jobs = 45
Number of people with business only = 27
Number of people with government jobs only = 15
10 have business and government job only, 5 have government job and farming only.
i) Let x represent the number of people with all three jobs. Hence:
Number of people with government jobs = number of people with all three jobs + number of people with government and farming job + number of people with government and business + number of people with government job only
45 = x + 10 + 5 + 15
45 = x + 30
x = 15
15 people have all three profession.
ii)
Number of people with business jobs = number of people with all three jobs + number of people with business and farming job + number of people with government and business + number of people with business job only
60 = 15 + number of people with business and farming job + 10 + 27
number of people with business and farming job = 60 - 52 = 8
Number of people with farming jobs = number of people with all three jobs + number of people with business and farming job + number of people with government and farming + number of people with farming job only
125 = 15 + 8 + 5 + number of people with farming job only
number of people with farming job only = 125 - 28 = 97
Number of people surveyed = number of people with all three jobs + number of people with business and farming job + number of people with government and farming + number of people with farming job only + number of people with government and business + number of people with business job only + number of people with government job only
Number of people surveyed = 15 + 8 + 5 + 97 + 10 + 27 + 15
Number of people surveyed = 177
A sudden stop will be easier to navigate if the country borrows internationally in foreign currencies and lend locally in its domestic currency.
a. True
b. False
Answer: False
Explanation:
A sudden stop refers to the sudden decline in net capital inflows in the economy from outside. This is a significant method by which the economy can have access to foreign exchange.
If the country therefore borrows internationally in foreign currencies whilst lending in domestic currency, the sudden stop will be difficult to navigate because it will impair the country's ability to pay off the international creditors it has because it will not have enough of the required foreign currency to pay them.
Pat decides to leave her job as an engineer to start a her own business. She estimates that her costs in rent, inventory, supplies, total $150,000. She will also give up her $80,000 salary as an engineer to work in her business. How much is her implicit cost
Answer:
Pat
Her implicit cost is:
$80,000
Explanation:
Pat's implicit cost is one part of the opportunity cost that arises when she utilizes her resources, knowledge, and skills toward a project or business without any explicit compensation for the utilized resources. She will be giving up $80,000 from all salary as an employed engineer to start her own business. She does not necessarily need to make a monetary payment for her implicit cost, unlike her explicit cost of $150,000.
(b) A company had an average inventory last year of $208,000 and its inventory turnover was 6. If sales volume and unit cost remain the same this year as last and inventory turnover is 8 this year, what will average inventory have to be during the current year
Answer: 156000
Explanation:
The average inventory during the current year would be calculated as follows:
Inventory Turnover Ratio = Cost of goods sold / average inventory
where,
Inventory turnover = 8
Cost of goods sold = $208,000 × 6 = $1,248,000
Average inventory = Unknown
Therefore, 8 = 1248000 / Average inventory
Average inventory = 1248000 / 8
Average inventory = 156,000
FVA Inc.’s net income for the most recent year was $40,825. The tax rate was 24 percent. The firm paid $10,320 in total interest expense and deducted $10,570 in depreciation expense. What was the cash coverage ratio for the year?
Answer: 7.23 times
Explanation:
Cash coverage ratio = Cash available/ Interest expense
Cash Available = Net Income before tax + Interest expense + Depreciation
= (40,825 / (1 - 24%)) + 10,320 + 10,570
= $74,607.11
Cash coverage ratio = 74,607.11/10,320
= 7.23 times
Watson's Computer Company expects to produce 2,250 computers. Watson's Computer Company also expects to use 13,000 parts and have 20 setups.The allocation rate for materials handling will be
Answer:
$4.00
Explanation:
Calculation for what The allocation rate for materials handling will be
Using this formula
Materials handling allocation rate=Material Handling/Expected parts to use
Let plug in the formula
Materials handling allocation rate=$52,000/13,000 parts
Materials handling allocation rate=$4.00
Therefore The allocation rate for materials handling will be $4.00
Stratton shipyards has 10 million dollars of sales and six million of operating cost including depreciation the company has 20 million of investor supplied operator Capital that has a cost of capital of 10% what is the firm's economic value-added to get from the company's overall tax rate of 40%
Answer:
Stratton Shipyards
The firm's economic value-added is:
$0.4 million
Explanation:
a) Data and Calculations:
Sales revenue = $10 million
Operating cost = 6 million
Pre-tax Income = $4 million
Income tax (40%) 1.6 million
After tax income $2.4 million
EVA = $2.4 million - ($20 million * 10%)
= $0.4 million
b) Stratton Shipyards Economic Value-Added (EVA) = the Net Operating Profit after Tax (NOPAT) – the product of the weighted average cost of capital (WACC) * capital invested. The EVA shows the real value creation by the company above its cost of capital.
One of the founding principles of the ISO 9000 standard is that: a. the requirements are strictly the same, regardless of the organization b. it requires organizations to meet their own requirements as well as those of regulators c. the requirements are set and audited by the customers d. the requirements follow the Six Sigma methodology
Answer:
One of the founding principles of the ISO 9000 standard is that:
a. the requirements are strictly the same, regardless of the organization.
Explanation:
ISO 9000 standards describe the quality management standards that organizations can follow to increase business efficiency and customer satisfaction. ISO 9000 embeds a quality management system within an organization, increasing productivity, reducing unnecessary costs, and ensuring quality of processes and products. The IS0 9000 standards are not specific to any one industry and can be applied to organizations of any size.
Rock industries allocates manufacturing overhead based on direct labor cost. any overallocated or underallocated overhead is closed monthly.calculate the cost of goods manufactured for november before procation of over or under allocated overhead
Answer:
Note: The full question is attached as picture below
Overhead Cost of one Month = Total Overhead Cost / 12 Month
Overhead Cost of one Month = $403,200 / 12 month
Overhead Cost of one Month = $33,600
So, Overhead Chargeable Per Month is $33,600
PARTICULARS AMOUNT
Direct Materials $26,000
Direct Labor $21,000
Manufacturing overhead Applied $33,600
Total Manufacturing Expenses $80,600
Less: Job Work in Process
Direct Materials $3,000
Direct Labor $1,500
Cost of Goods Sold before proration $76,100
of over or under allocated overhead
A theory of strategic factor markets suggests that the resources a firm possesses might give it an advantage versus competitors in labor markets such as this one. Which firm resource might be consistent with this position
Explanation:
Organizations are integrated systems that use resources to achieve certain objectives and goals and become profitable and competitive.
Globalization was a phenomenon that contributed to an increase in the flow of information and changes in technologies and paradigms that contributed to a greater speed in consumer trends, and in the number of companies competing in the market.
Therefore, to achieve competitive advantage, it is not enough for the organization to use its resources in a conventional way, it is necessary to use strategies to add value to its processes. Considering the current business scenario, it can be said that the human resource in companies is the one that will give it a sustainable competitive advantage, since the knowledge acquired is one of the main resources used for the company to position itself in relation to competitors, each time more companies are promoters of social responsibility, so prioritizing knowledge and its stakeholders will always be the most advantageous option for creating value and competitive advantages.
How a society's culture affects the values found in the workplace is considerably important to an international business with operations in different countries? Management processes and practices may need to vary according to culturally determined work-related values.
Explanation:
Technological development has enabled social, economic and cultural interactions between countries, generating the phenomenon known as globalization. Therefore, companies saw new opportunities for profitability in different countries, but also new challenges, such as the cultural adaptation of their processes, policies and employees.
It is necessary for organizations to adapt to the multicultural environment in which they operate, aligning their values and organizational ethics to the place in which they operate, since each country has its own set of behaviors, customs and characteristics in the work environment, which therefore they must be included in a company's internal and external processes in a globalized environment so that there is acceptance by the local public of the products and services offered by a company, in addition to protecting and respecting the dignity, culture and values of a people.
which market structure p
redominantly uses product differntation
A cylindrical garbage can has the dimensions shown.
A cylinder has a diameter labeled twelve inches and height labeled fifteen inches.
Question 1
Part A
What is the area of the horizontal cross section of the cylinder? Use 3.14 for π.
Enter the correct answer in the box.
about
square inches
Question 2
Part B
What is the area of the vertical cross section of the cylinder through the centers of the bases?
Enter the correct answer in the box.
square inches
Question 3
Part C
Which cross section has the greater area, and by how much?
Select the correct answers from the lists to complete the sentence.
The vertical cross section has the greater area, by about 66.96 square inches.
A cylindrical garbage can has the dimensions shown.
A cylinder has a diameter labeled twelve inches and height labeled fifteen inches.
Question 1
Part A
What is the area of the horizontal cross section of the cylinder? Use 3.14 for π.
Enter the correct answer in the box.
about
square inches
Question 2
Part B
What is the area of the vertical cross section of the cylinder through the centers of the bases?
Enter the correct answer in the box.
square inches
Question 3
Part C
Which cross section has the greater area, and by how much?
Select the correct answers from the lists to complete the sentence.
The vertical cross section has the greater area, by about 66.96 square inches.
which trends are reshaping
the business, microeconomic and
microeconomic environments and
Competitive arena?
When we compute the mean of a frequency distribution, why do we refer to this as an estimated mean?
Answer:
We call it an estimated mean because it represents the average of the data collected, and we assume that this average (estimated mean) represents the data collected. But this is not necessarily true since the estimated mean is not the same as all the different data collected. Most of the times, when we are working with statistics we do not know or are not even given all the data, we are just given the relevant ratios or indicators.
Do “rules of the game” promote or prevent opportunism?
Answer:
promote I think
differentiate between a department with line responsibility and a department with staff responsibility
Answer:
While a department with line responsibility is directly involved in the daily activities and management of the business, a department with staff responsibility simply provides support for the line managers.
Explanation:
The line department consists of the chain of leaders whose positions in the organization are clearly differentiated from those of their subordinates. They make decisions and supervise the daily affairs of the business. Examples of these include; the department heads, the president, the production supervisors, etc.
A department with staff responsibility provides support for the department with line responsibility. Examples of personnel in the line department are the legal advisers and the human resource staff. The legal advisers provide support by advising the line managers on the lawful means to transact their business activities.
the resources used to create wealth are collectively referred to as
with vivid example from Tanzania explain how commerce completes production process
Answer:
Commerce is a fundamental part of the productive economic process, through which the goods and services that were produced in an economy are placed on the market. Thus, it is part of the third sector of the economy, capitalizing production and supplying the public with the goods and services it needs for its daily development.
Thus, for example, the Tanzanian economy is made up of 80% agricultural production, which makes up the primary sector of the economy. This country lacks a developed industrial structure, so its secondary sector is very short. Now, the agricultural products that are produced in the country are marketed both in the domestic market and through exports, with which the tertiary sector of the Tanzanian economy is based in turn on the nation's primary production.
If Mariette does not want to track the quantity on hand of the products she sells, what Product/Service type should she select when setting up the items she sells in QuickBooks Online?
Answer: a. Non-inventory
Explanation:
QuickBooks online is an accounting software that helps millions of small and medium businesses.
If Mariette does not wish to track the quantity of the products she sells on hand, she should set these items up as Non-inventory items.
This designation is usually for goods that are immediately sold when purchased or were sold without even being purchased which means its for goods with really short shelf lives.
A g drought ravaged crops across the United States during the summer of 2012. What is the likely impact of this drought on the price of corn
Answer: Increase
Explanation:
The price of corn will increase sharply due to the relative scarcity of corn in the market.
Graphically depicted, the Supply curve will shift to the left due to reduction in supply of corn brought upon by the drought. It will then intersect with the demand curve to bring about a new equilibrium price with a higher price.
The cost for direct labor is $30 per direct labor hour and the cost of the direct materials used by Job 603 is $1,400.How much manufacturing overhead would be allocated to Job 603 using the departmental overhead rates
Answer:
the total manufacturing overhead allocated is 610
Explanation:
The computation of the manufacturing overhead allocated is as follows;
= Assembly department + sandling department
= 50 × 11 + 15 × 4
= 550 + 60
= 610
Hence, the total manufacturing overhead allocated is 610
We simply applied the above formula so that the total manufacturing allocated to Job 603 could come
1
Select the correct text in the passage.
Which sentences highlight the correct way of preparing stewed potato?
Olivia chooses to prepare stewed potato during the weekend. She warms vegetable broth over medium heat. She then cuts potatoes into 1"
chunks. She adds potatoes to the broth, covers the lid and cooks it at low heat until the potatoes become tender. Jessica, too, likes stewed
potato. She peels, and boils potatoes until tender. She then uses an electric mixer to mix potatoes and salt until the dish shows a smooth
texture
Reset
Next
Answer:
She then cuts potatoes into 1" chunks. She adds potatoes to the broth, covers the lid and cooks it at low heat until the potatoes become tender.Explanation:
Stewed Potatoes is a very popular dish in the South and can be prepared in various ways but there are methods that are universal.
One such method is to cut the potato into chunks then adding these chunks to water/ broth and then ingredients. When the potato boils, cook it at a low heat until it becomes the desired level of tender.
f Hailey, Inc., has an equity multiplier of 1.6, total asset turnover of 2.2, and a profit margin of 4 percent, what is its ROE?
Answer:
14.08
Explanation:
Calculation for what is its ROE
Using this formula
ROE = Profit margin*Total asset turnover*Equity multiplier
Let plug in the formula
ROE=4*2.2*1.6
ROE=14.08
Therefore the ROE will be 14.08
Golden Eagle invests 60% of their funds in stock I and the balance in stock J. The standard deviation of returns on I is 10%, and on J it is 20%. Calculate the variance of portfolio returns, assuming The correlation between the returns is 1.0 The correlation is .5. The correlation is 0.
Answer:
Variance of the portfolio = 1.96% for Correlation 1.0
Variance of the portfolio = 1.48% for Correlation 0.5
Variance of the portfolio = 1.00% for Correlation 0.0
Explanation:
Data Given:
Investment = 60% in stock I and the balance in ( 40% in stock J) = weights
Standard deviation on returns on I = 10%
Standard deviation on returns on J = 20%
Required:
Variance of portfolio returns.
Assumptions:
1) The correlation between returns is 1.0
2) The correlation is 0.5
3) The correlation is 0.0
Solution:σLet's suppose,
Weight of Stock I = w1
Weight of the Stock J = w2
so,
w1 = 60%
w2 = 40%
C = Correlation
SD = Standard deviation
SD1 = SD of stock I
SD2 = SD of stock J
So, the formula for the variance of the portfolio will be:
Variance of the portfolio = [tex]w1^{2}[/tex] . [tex]SD1^{2}[/tex] + [tex]w2^{2}[/tex] . [tex]SD2^{2}[/tex] + 2(w1.w2.C.SD1.SD2)
Plugging in the values for Assumption 1, where C = 1.0
Variance of the portfolio = [tex]0.60^{2}[/tex] . [tex]0.10^{2}[/tex] + [tex]0.40^{2}[/tex].[tex]0.20^{2}[/tex] + 2(0.60 x 0.40 x 1.0 x 0.10 x 0.20)
Hence,
Variance of the portfolio = 0.0196 x100 to get it in percentage
Variance of the portfolio = 1.96%
Similarly for the assumption 2, where C = 0.5
Variance of the Portfolio = [tex]w1^{2}[/tex] . [tex]SD1^{2}[/tex] + [tex]w2^{2}[/tex] . [tex]SD2^{2}[/tex] + 2(w1.w2.C.SD1.SD2)
Variance of the Portfolio = [tex]0.60^{2}[/tex] . [tex]0.10^{2}[/tex] + [tex]0.40^{2}[/tex].[tex]0.20^{2}[/tex] + 2(0.60 x 0.40 x 0.5 x 0.10 x 0.20)
Variance of the Portfolio = 0.0148 x 100
Variance of the Portfolio = 1.48%
Similarly, for assumption 3, where C = 0.0
Variance of the Portfolio = [tex]w1^{2}[/tex] . [tex]SD1^{2}[/tex] + [tex]w2^{2}[/tex] . [tex]SD2^{2}[/tex] + 2(w1.w2.C.SD1.SD2)
Variance of the Portfolio = [tex]0.60^{2}[/tex] . [tex]0.10^{2}[/tex] + [tex]0.40^{2}[/tex].[tex]0.20^{2}[/tex] + 2(0.60 x 0.40 x 0.0 x 0.10 x 0.20)
Variance of the Portfolio = 0.01 x 100
Variance of the Portfolio = 1%
Which assumption below best reflects a basic understanding economists have about the world? Group of answer choices The world has limited productive resources. There are limited wants. More output creates more wants. Output will always satisfy the needs of a society.
Answer:
The assumption which best reflects a basic understanding that economists have about the world is:
The world has limited productive resources.
Explanation:
This is the economic concept of scarcity. Scarcity is the concept of limited resources, which worries about the gap between societal resources and unlimited human wants. Economists try to explain that this situation of scarce resources requires the making of choices (decisions) that will ensure the efficient allocation of the resources to meet basic human needs and other increasing wants.
List and briefly describe three popular forms of ownership used in the lodging industry that allow for rapid expansion.
Answer:
Three popular forms are; Franchising, Management Contracts & Vacation Ownership. They are explained below
Explanation:
Three popular forms are; Franchising, Management Contracts & Vacation Ownership.
1) Franchising: This is a well-known marketing strategy that's used for business expansion and it's simply an arrangement whereby one party named the "franchisor" will grant or license some of it's rights and authorities to another party named the "franchisee".
It works such that a contractual agreement would be in place between Franchisor and Franchisee. In this agreement, the Franchisor will authorize the franchisee to sell their goods, products & services and give them rights to use their brand name & trademark.
2) Management contracts: This is simply an arrangement whereby the operational control of an entire enterprise will be vested by contract in a separate enterprise that will perform the necessary managerial functions in exchange for a specific fee. Now, management contracts are not just about selling a method of doing things but also about actually doing them.
3) Vacation ownership: This is a term used to refer to owning a timeshare.
Now, the mode of operation is usually a deeded ownership where we purchase a fraction of our favorite resort. The fraction is usually sold in weekly increments but then is also converted into points that can be used all around the world.
Suppose a stock had an initial price of $50 per share, paid a dividend of $.80 per share during the year, and had an ending share price of $38. Compute the percentage total return. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answer:
25.6%
Explanation:
Computation for the percentage total return
Using this formula
Percentage total return=[(Ending share price-Initial price)+Dividend]/Initial price
Let plug in the formula
Percentage total return=[($38-$50)+$.80)/$50
Percentage total return=$12+$.80/$50
Percentage total return=$12.8/$50
Percentage total return=0.256*100
Percentage total return=25.6%
Therefore the percentage total return will be 25.6%