Answer:
a personality that fits with their work environment
Explanation:
The second most important trait that employers look for is a personality that fits with their work environment. In almost all jobs the candidate will be working with a varied number of other employees in the company. The employers want to make sure that the candidate's personality matches the personality of the other employees so that they make sure that the candidate will be a good fit in the company and get along with the rest of the employees. This will almost guarantee that the candidate will work as efficiently as possible.
On December 31, Strike Company traded in one of its batting cages for another one that has a cost of $500,000. Strike receives a trade-in allowance of $11,000. The old equipment had an initial cost of $215,000 and has accumulated depreciation of $185,000. Depreciation has been recorded up to the end of the year. The difference will be paid in cash. What is the amount of the gain or loss on this transaction
Answer:
the amount of loss is $19,000
Explanation:
The computation of the amount of the gain or loss is shown below:
Old equipment cost is
= Initial cost of the equipment - accumulated depreciation
= $215,000 - $185,000
= $30,000
Now the gain or loss is
= Book value of an equipment - trade in allowance
= $30,000 - $11,000
= $19,000
hence, the amount of loss is $19,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Pepe, Incorporated acquired 60% of Devin Company on January 1, 2018. On that date Devin sold equipment to Pepe for $45,000. The equipment had a cost of $120,000 and accumulated depreciation of $66,000 with a remaining life of 9 years. Devin reported net income of $300,000 and $325,000 for 2018 and 2019, respectively. Pepe uses the equity method to account for its investment in Devin.What is the consolidated gain or loss on equipment for 2018
Answer: $9000
Explanation:
Based on the values given in the question, the consolidated gain or loss on equipment for 2018 would be calculated as:
Cost of equipment = $120,000
Less accumulated depreciation = $66,000
Less: Amount Devin sold equipment to Pepe = $45,000
Consolidated loss= $120,000 - $66000 - $45000
= $9000
Orlando Company, which applies overhead to production on the basis of machine hours, reported the following data for the period just ended: Actual units produced: 12,000 Actual variable overhead incurred: $77,700 Actual machine hours worked: 18,800 Standard variable overhead cost per machine hour: $4.50 If Orlando estimates 1.5 hours to manufacture a completed unit, the company's variable-overhead spending variance is:
Answer:
$37,600 favorable
Explanation:
Variable overhead spending variance can be computed as;
= (Actual hours worked × Actual variable overhead rate) - ( Actual hours worked - Standard variable overhead rate)
= ( 18,800 hours × $77,700/12,000) - (18,800 hours × $4.5)
= [(18,800 × $6.5) - (18,800 × $4.5)]
= $122,200 - $84,600
= $37,600 favorable
Kim's Bridal Shoppe has 10,200 shares of common stock outstanding at a price of $36 per share. It also has 215 shares of preferred stock outstanding at a price of $87 per share. There are 520 bonds outstanding that have a coupon rate of 5.5 percent paid semiannually. The bonds mature in 17 years, have a face value of $1,000, and sell at 93 percent of par. What is the capital structure weight of the common stock?
Answer:
26.43 %
Explanation:
The Capital Structure is based on the Market Weight of the Sources of Finance as shown below :
Equity market value = Number of shares × price/share
Equity market value = 10,200 × $36
Equity market value = $367,200
Current debt value = Number of bonds × price/bond
Current debt value = 520 × (1930)
Current debt value = $1,003,600
Preferred stock value = Number of shares × price/share
Preferred stock value = 215 × $87
Preferred stock value = $18,705
Total capital = Common equity value + Debt value + Preferred stock value
Total capital = $367,200 + $1,003,600 + $18,705
Total capital = $1,389,505
Weight of Equity = Equity value / Total capital
Weight of Equity = $367,200 / $1,389,505
Weight of Equity = 26.43 %
Dragon makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for June, July, and August were $120,000, $160,000, and $220,000, respectively, what were the firm's budgeted collections for August and the company's budgeted receivables balance on August 31?
Answer: $174000
Explanation:
The firm's budgeted collections for August and the company's budgeted receivables balance on August 31 would be calculated as:
= (30% × $220,000) + (60% × $160,000) + (10% × $120,000)
= (0.3 × $220,000) + (0.6 × $160,000) + (0.1 × $120,000)
= $66000 + $96000 + $12000
= $174000
Phyllis makes a deal with her niece Stephanie that if Stephanie gave up gambling for two years, Phyllis would pay Stephanie $5,000. Stephanie gave up gambling for the required two years. Does this deal have valid consideration
Answer:
Yes .
Explanation:
I think so because Stphanie did what Phyllis asked , now she should get her well deserved $5,000 .
In September 2008, the stock market fell sharply and continued to perform poorly due to the financial crisis. How did this change impact GDP in the economy?
Answer:
Many people's wealth is held in stocks and as the price of stocks collapsed, they lost wealth.
Imagine that this happened to you. One day you are rich and that affects your spending habits. In a matter of few days or weeks, you lose a large portion of your wealth. So now, you are less rich or even poor. So your spending habits will be altered, i.e. you will spend less.
If you consider the economy as a whole, aggregate demand will fall, resulting in a decrease of aggregate supply, and an overall decrease of the GDP.
Universities A and B are substitutes in the minds of many college students. Initially the student tuition at each university is the same and far below the equilibrium tuition. Then, the tuition at A is raised and B is not. As a result of a rising tuition at A, some students who would have applied and enrolled in A, apply to B instead. Based on the logic presented in one of the theories discussed in the textbook, we would expect that
Answer:
the options are missing (see attached image), the correct answer is:
the fourth option: A and B
Explanation:
Since the demand for University B increased, their teachers should be more relaxed, resulting in a decrease of their performance, e.g. less punctual. On the other, the teachers of University A which lost students, should try to increase their performance level, e.g. being more punctual.
plz answer dedo yaar
A coupon on a 2-liter bottle of Pepsi, offering $1.00 off on a bag of potato chips, is which type of coupon:_____
a. cross-ruffing
b. scanner-delivered
c. response-offer
d. instant-redemption
Answer: a. cross-ruffing
Explanation:
Cross-ruffing coupons are coupons that are offered to a person buying a good on another good to encourage them to buy that other good as well. These are usually offered on goods produced by the same company or companies that have a relationship with each other.
They are a brilliant marketing ploy to result in one relating goods to another to boost sales. Offering a coupon on a bag of potato chips upon buying a bottle of Pepsi is there a cross-ruff coupon.
Vaughn Company made a purchase of merchandise on credit from Ivanhoe Company on August 8, for $8900, terms 2/10, n/30. On August 17, Vaughn makes the appropriate payment to Ivanhoe. The entry on August 17 for Vaughn Company is: Accounts Payable 8900 Purchase Returns and Allowances 178 Cash 8722 Accounts Payable 8900 Cash 8900 Accounts Payable 8722 Cash 8722 Accounts Payable 8900 Inventory 178 Cash 8722
Answer:
Accounts Payable 8900 Inventory 178 Cash 8722
Explanation:
The journal entry is shown below:
Accounts payable $8,900
To inventory $178 ($8,900 × 2%)
To Cash $8,722
(Being the payment is recorded)
Here the account payable is debited as it decreased the liabilities and the inventory and cash is credited as it also decreased the assets
Therefore the last option is correct
We discussed the invasions of the Roman world by various Germanic tribes in the fifth century and the Arab-Islamic conquests of Persia, most of the Byzantine Empire, and much of the Mediterranean world in the seventh and eighth centuries. How did the new invaders manage to govern the advanced civilizations that they conquered?
Answer:
The invaders were able to govern the more advanced civilizations because they adopted most of the conquered civilizations' customs, rules of governance, and even languages and religion.
For example, in the case of the Germanic tribes that conquered the Western Roman Empire, the rulers adopted, one by one, the religion of the Roman Empire: Christianity, more specifically, the Roman Catholic variant.
They also began to use the language of the Empire: Latin, for ecclessiastical and political matters, and while political institutions did change a lot, some of the political institutions of the Empire did survive in the sucessor states that the Germanic rulers carved out of the Roman territory.
Which of the following should not be a major consideration when it comes to selecting your career path?
What your parents think you should do
What you are passionate about
What you are naturally good at
What your interests are
Answer: I believe its : what your interest's are
Explanation:
An example of a poor study environment is a place with
a chair that has a strong back.
textbooks and other resources.
minimal talking and no background noise.
messy surfaces and a lot of movement.
Answer:
messy surfaces and a lot of movement
Explanation:
It will make you less focused
Answer:
D messy surfaces and a lot of movement.
Explanation:
In the Assembly Department of Hannon Company, budgeted and actual manufacturing overhead costs for the month of April 2020 were as follows.
Budget Actual
Indirect materials $16,000 $14,300
Indirect labor 20,000 20,600
Utilities 10,000 10,850
Supervision 5,000 5,000
All costs are controllable by the department manager.
Prepare a responsibility report for April for the cost center.
Answer:
Hannon Company
Assembly Department
Responsibility Report
For the month of April 2020:
Budget Actual Variance
Indirect materials $16,000 $14,300 $1,700 F
Indirect labor 20,000 20,600 600 U
Utilities 10,000 10,850 850 U
Supervision 5,000 5,000 0 No effect
Total $51,000 $50,750 $250 F
Explanation:
a) Data and Calculations:
Budget Actual Variance
Indirect materials $16,000 $14,300 $1,700 F
Indirect labor 20,000 20,600 600 U
Utilities 10,000 10,850 850 U
Supervision 5,000 5,000 0 No effect
Total $51,000 $50,750 $250 F
b) The Assembly Department's responsibility report is a the budget analysis that compares its actual and budgeted amounts of controllable costs for the month of April, 2020. The purpose of this report is to assign responsibility, improve performance, and hold a department or center responsible for its activities.
The common stock of the C.A.L.L. Corporation has been trading in a narrow range around $50 per share for months. The price of a 3-month put option with an exercise price of $50 is $4. If the risk-free interest rate is 10% per year, what must be the price of a 3-month call option on C.A.L.L. stock at an exercise price of $50 if it is at the money
Answer:
$5.18
Explanation:
Calculation for call option
Using this formula
Call option=Put option + Exercise price-[Exercise price/(1+Risk-free interest rate)^Time
Let plug in the formula
Call option= 4 + 50 - [50/(1+.10)^1/4]
Call option= 4 + 50 - [50/(1.10)^1/4]
Call option= $5.18
Therefore what must be the price of a 3-month call option on C.A.L.L. stock at an exercise price of $50 if it is at the money is $5.18
Sandra goes into her favorite shoe store where they are holding a special sales promotion. The salesperson explains to Sandra that if she purchases one pair of shoes, she would receive a free pair of socks. Which type of sales
promotion is this?
NEED ASAPPP ITS AN EXAM..
Answer:
Premium
Explanation:
A premium type of sales promotion is this. Thus, option B is correct.
Who is a salesperson?
The salesman is in charge of welcoming clients, guiding them toward the merchandise they need, and counting up transactions. You need to be a great communicator if you want to succeed in sales. A successful salesman achieves sales goals while being courteous and helpful to consumers.
The salesman is in charge of welcoming clients, guiding them toward the merchandise they need, and counting up transactions. You need to be a great communicator if you want to succeed in sales. A successful salesman achieves sales goals while being courteous and helpful to consumers.
With the confirmation of purchase, you can receive a reward for nothing or for minimal shipping as well as a handling fee. Therefore, option B is the correct option.
Learn more about salesperson, here:
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Bryant Company has a factory machine with a book value of $93,500 and a remaining useful life of 6 years. It can be sold for $30,600. A new machine is available at a cost of $534,000. This machine will have a 6-year useful life with no salvage value. The new machine will lower annual variable manufacturing costs from $556,800 to $460,200. Prepare an analysis showing whether the old machine should be retained or replaced.
Answer:
Bryant Company
Analysis of old and new machines:
Old Machine New Machine
Annual depreciation costs $10,833 $89,000
Savings from variable
manufacturing costs 0 $96,600
Net savings ($10,833) $7,600
Explanation:
a) Data and Calculations:
Book value of old machine = $93,500
Remaining useful life = 6 years
Salvage value = $30,600
Depreciable amount of old machine = $62,900 ($93,500 - 30,600)
Annual Depreciation cost of old machine = $10,483 ($62,900/6)
Cost of new machine = $534,000
Useful life = 6 years
Depreciable amount of new machine = $89,000 ($534,000/6)
Reduction in variable manufacturing costs = $96,600 ($556,800 - $460,200)
Savings from new machine = $7,600
b) Conclusion: The old machine should be replaced. It costs more to retain the old machine than it costs to replace it. There will be a net gain of $7,600 from the new machine, from the reduction of the variable manufacturing costs from $556,800 to $460,200.
What is the maximum hourly output from a process with four steps having outputs of 20 units/hour, 25 units/hour, 30 units/hour and 15 units/hour?
Answer:
The maximum hourly output from the process with four steps is:
22.5 units/hour.
Explanation:
a) Data and Calculations:
Outputs:
20 units/hour,
25 units/hour,
30 units/hour and
15 units/hour
Total units 90
Total hours = 4
Maximum hourly output = Total output units divided by the total hours
= 90/4
= 22.5 units per hour.
b) This implies that the process can produce 22.5 units per hour at its maximum performance. This is also the average output from the four processing steps.
A one year call option has a strike price of 50, expires in 6 months, and has a price of $4.74. If the risk free rate is 3%, and the current stock price is $45, what should the corresponding put be worth?
A) $12.74.
B) $10.48.
C) $5.00.
D) $9.00.
E) $8.30.
Answer:
$9.90
Explanation:
Using Put Call Parity Equation:
C + X/(1 + r)^t + S + P
Call price + PV of exercise price = Spot price + Put price
4.74 + 50/(1.03)^0.30 = 45 + P
4.74 + 50/1.00891 = 45 + P
4.74 + 49.5584 = 45 + P
P = 4.74 + 49.5584 - 45
P = 9.2984
P = $9.90
Thus, the Price of Put Option with $50 exercise price = $9.90
A firm has a tax burden of 0.6, a leverage ratio of 1.2, an interest burden of 0.7, and a return-on-sales ratio of 14%. The firm generates $2.64 in sales per dollar of assets. What is the firm's ROE
Answer:
18.63%
Explanation:
Calculation for the firm's ROE
Using this formula for
ROE=(Tax burden)(Leverage ratio)(Interest burden)(Return-on-sales ratio)(Sales per dollar of assets)
Let plug in the formula
ROE = (.6)(1.2)(.7)(.14)(2.64)
ROE=18.63%
Therefore the firm's ROE is 18.63%
The Blue Spruce Corp. has five plants nationwide that cost $350 million. The current fair value of the plants is $580 million. The plants will be reported at assets as:_________.
a) $930 million
b) $230 million
c) $350 million
d) $580 million
Answer:
C
Explanation:
Equipment are reported at historical values. the historical value in this case is the price at which the plants were acquired. This is $350 million.
Fair value is the price at which the plant would be sold at the market today.
The fair value would be recorded by the acquiring firm in the case of the acquisition of The Blue Spruce Corp. or in a case were the plants are sold
Suppose we have a bond issue currently outstanding that has 20 years left to maturity. The coupon rate is 8% And coupons are paid semiannually. The bond is currently selling for $828 per $1,000 bond. What is the cost of debt?
a. 8%
b. 9%
c. 10%
d. 11%
e. 12%
Answer:
c. 10%
Explanation:
The Yield to Maturity(YTM) of the Bond is the cost of the debt. So, we need to find the YTM first.
Here i will use a Financial Calculator to enter and compute the YTM as follows :
N = 20× 2 = 40
PMT = ($1,000 × 8%) ÷ 2 = $40
PV = $828
P/YR = 2
FV = 1,000
I or YTM = ?
Thus the cost of the Bond is 10%
Select the correct answer.
Which type of temporary group is formed to address a specific situation in an organization?
A. interest group
B. secondary group
C. self-managed group
D. task group
E. command group
Answer:
D. Task group
Explanation:
Task groups form to accomplish a specific task.
Answer:
D task group
Explanation:
A project that cost $80000 with a useful life of 5 years is being considered. Straight-line depreciation is being used and salvage value is $5000. The project will generate annual revenues of $24350. The annual rate of return is:_______
a. 17%
b. 50.3%
c. 16%
d. 15%
Answer:
22%
Explanation:
Net income = Annual cash flow - Depreciation
Net income = 24350 - (80,000-5,000 / 5)
Net income = 24350 - 15,000
Net income = $9350
Average investment = Beg. value + End. Value / 2
Average investment = 80,000 + 5,000 / 2
Average investment = $42,500
Annual rate of return = Net income / Average investment * 100
Annual rate of return = $9350 / $42,500 * 100
Annual rate of return = 0.22 * 100
Annual rate of return = 22%
Answer:Annual Rate of Return =22%
The correct option is not given
Explanation:
Annual Rate of Return = Net Income / Average Investment x 100
Net Income= Annual Cash flow - Depreciation
Straight-line depreciation =Cost - salvage value / useful years
= 80,000 - 5,000 / 5
75,000/5= $15,000
Net Income=$24,350 - $15,000
=$9,350
Average Investment= Initial investment + salvage value / 2
$80,000 + 5000 / 2
= $85,000/ 2
$42,500
Annual Rate of Return =$9, 350/ $42,500 x 100
= 0.22 x100
=22%
Jasmine's Boutique has 2,000 bonds outstanding with a face value of $1,000 each and a coupon rate of 9 percent. The interest is paid semiannually. What is the amount of the annual interest tax shield if the tax rate is 34 percent?A. $58,500B. $60,750C. $60,100D. $62,250E. $61,200
Answer:
E. $61,200
Explanation:
total interest expense = 2,000 bonds x $1,000 per bond x 9% = $180,000
the interest shield is the amount of taxes saved by paying interest expense
interest shield = total interest expense x tax rate = $180,000 x 34% = $61,200
this means that the company will be able to reduce its income taxes by $61,200 because it paid interests on their bonds
The seller agrees to pay the listing real estate agent a commission of 5%. The property is listed at $400,000, the buyer offers and seller agrees on price of $380,000 and it closes at that price. The buyer obtains a loan of $300,000. The property is tax assessed at $350,000. The commission most likely paid to the real estate agent is:__________
A. No commission is owed because it did not sell at the list price
B. $17,500
C. $20,000
D. $19,000
Answer:
C. $20,000
Explanation:
Note that we are talking about the listing commission. Listing commission will be calculated on the listed price.
So, the listed price will be = 400,000 * 5%
= $20,000
Thus, the commission most likely paid to the real estate agent is $20,000
Nikoto Steel Co. budgeted manufacturing costs for 50,000 tons of steel are:Fixed manufacturing costs $50,000 per monthVariable manufacturing costs $12.00 per ton of steelNikoto produced 40,000 tons of steel during March. How much is the flexible budget for total manufacturing costs for March?a) $520,000b) $650,000c) $480,000d) $530,000
Answer:
d) $530,000
Explanation:
The computation of the total manufacturing cost for the march month is shown below
= Fixed manufacturing cost + (produced tons × variable manufacturing cost per ton)
= $50,000 + (40,000 Tons × $12.00 per ton)
= $50,000 + $480,000
= $530,000
hence, the total manufacturing cost for the march month is $530,000
Therefore the correct option is d.
12.Sunnydale Organics, Inc. harvests crops in roughly 90-day cycles based on a 360-day year. The firm receives payment from its harvests sometime after shipment. Due in part to the firm's rapid growth, it has been borrowing to finance its harvests using 90-day bank notes on which the firm pays 12 percent discount interest. If the firm requires $60,000 in proceeds from each note, what must be the face value of each note
Answer: $61857
Explanation:
Let the face value of each note be represented by y.
We should also note that we are given a time period of 90 days = 3 months.
Discount interest = 12%. This will be 3% for every 3 months.
Face value of each nite will then be:
y = 60000/(100%-3%)
y = 60000 / 97%
y = 60000/0.97
y = 61,856.67
Bramble Frosted Flakes Company offers its customers a pottery cereal bowl if they send in 4 boxtops from Bramble Frosted Flakes boxes and $2. The company estimates that 60% of the boxtops will be redeemed. In 2021, the company sold 809000 boxes of Frosted Flakes and customers redeemed 352000 boxtops receiving 88000 bowls. If the bowls cost Bramble Company $4 each, how much liability for outstanding premiums should be recorded at the end of 2021
Answer: $66700
Explanation:
Number of boxtops that was sold = 809000
Estimated boxtops to be redeemed = 809,000 × 60% = 485400
Less: Boxtops received = 352000
Estimated boxtops not received yet = 133400
The number of boxtops that will be needed per bowl will then be:
= 133400 / 4
= 33350
Therefore, liability for outstanding premiums that should be recorded at the end of 2021 would be:
= 33350 × ($4 - $2)
= 33350 × $2
= $66700