The statement that is true of outsourcing decisions is that if a company decides to outsource its work to an external supplier, the variable cost per unit will be low. (D)
Outsourcing to external suppliers often results in lower unit costs because these suppliers are experienced in production and economies of scale allow them to purchase inputs in large quantities at lower prices.
Additionally, the external supplier will incur the fixed costs associated with production such as depreciation and labor costs. As a result, the company who outsources its production will only incur the variable costs associated with production such as materials and energy.
This lower unit cost can provide insight into the cost benefit of outsourcing decisions and is an important factor to consider when making such a decision.(D)
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complete question:
which of the following statements is true of outsourcing decisions?
A) break-even analysis can be used to provide insight into outsourcing decisions.
B) the simplest outsourcing decision is a single supplier versus multiple suppliers.
C) if a company decides to make a part in-house, it does not incur any fixed costs.
D) if a company outsources its work to external supplier, the variable cost per unit will be low.
in a franchise, the franchisee gets the opportunity to start a business with limited capital and to make use of the business experience of others. group of answer choices true false
True, in a franchise, the franchisee gets the opportunity to start a business with limited capital and to make use of the business experience of others.
A franchise is a business model in which a company (the franchisor) allows another individual or entity (the franchisee) to use its trademarks, products, and business processes to start and operate a business. One of the main benefits of the franchise model is that it allows individuals to start a business with a lower capital requirement than would be required if they were starting a business from scratch. This is because the franchisor has already invested in developing and refining the business model, marketing strategies, and brand recognition, which can help reduce the costs associated with establishing a new business.
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your aunt has promised to give you $5,000 when you graduate from college. you expect to graduate three years from now. if you speed up your plans to enable you to graduate two years from now, the present value of the promised gift will:
The present value of the promised gift will increase if you speed up your plans to enable you to graduate two years from now is 4,132.23.
Present value : The present value is the principal amount of money paid in the future after being discounted to the present. It is the amount of money required now to match a future sum. It is influenced by three factors, namely principal amount, interest rate, and time. The present value calculation allows us to estimate the value of a future sum of money based on its present value.
The formula for present value :
Present Value = Future Value / (1 + r) n
Where r is the annual interest rate and n is the number of years. If the rate is annual, then it should be converted to monthly by dividing it by 12.
Present value of $5,000 received in three years :
Future Value = $5,000
Number of years = 3
Annual rate of interest = 10%
r = 10/100 = 0.1
Present Value = 5,000 / (1 + 0.1)³ = $3,680.58
Present value of $5,000 received in two years
Future Value = $5,000
Number of years = 2
Annual rate of interest = 10%
r = 10/100 = 0.1
Present Value = 5,000 / (1 + 0.1)² = $4,132.23
So, we can conclude that the present value of the promised gift will increase if you speed up your plans to enable you to graduate two years from now.
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O’Toole provides a powerful "compass card" to help us understand the connectedness of everything we do. The compass card involves four interconnected poles: Liberty, Efficiency, Equality, and Community. The compass card has a business translation: Meritocracy, Behaviorism, Egalitarianism, and Humanism.
The compass card developed by O'Toole is a tool that helps us understand the interdependence of four key values: Liberty, Efficiency, Equality, and Community.
These values are interconnected, and each one influences the others. The compass card can be applied in a business context, where it is translated into four values: Meritocracy, Behaviorism, Egalitarianism, and Humanism.
Meritocracy values individual talent and effort, and rewards performance. Behaviorism focuses on measurable outcomes and uses incentives to encourage desired behavior. Egalitarianism prioritizes fairness and equality, and Humanism emphasizes the importance of human relationships and well-being.
By using the compass card and its business translation, companies can better understand how their decisions and actions impact various stakeholders and strive to balance these four values to create a more sustainable and ethical business.
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When can the engagement acceptance process properly be completed in PACE? Select the correct option.
A)Once the client has been accepted in PACE
B) After we have identified the prospective client
C)After we have started providing services to the client
D)After the client has signed the engagement agreement
The engagement acceptance process properly be completed in PACE D)After the client has signed the engagement agreement.
When can the engagement acceptance process properly be completed in PACE?The engagement acceptance process should be completed after the client has signed the engagement agreement in PACE. After the client signs the engagement agreement, the engagement acceptance procedure can be completed in PACE.
PACE is a platform for customer relationship management. It offers several solutions to improve communication with the client, manage projects, and provide excellent service.
The following are the three essential steps for an engagement in PACE.
1. Identification and acceptance of customers.
2. Engagement letter creation and submission.
3. Maintain contact and communication with customers.
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Nicholai is willing to invest $30,000 for three years, and is an economically rational investor. He has identified three investment alternatives (A, B, and C) that vary in their method of calculating interest and in the annual interest rate offered. Since he can only make one investment during the three-year investment period, complete the following table and indicate whether Nicholai should invest in each of the investments.
Note: When calculating each investment’s future value, assume that all interest is earned annually. The final value should be rounded to the nearest whole dollar.
Investment
Interest Rate and Method
Expected Future Value
Make this investment?
A 10% simple interest B 6% compound interest C 7% compound interest
Nichοlai shοuld invest in Investment A since it οffers the highest expected future value.
How to calculate the future vale?Tο calculate the future value fοr each investment, we can use the fοllοwing fοrmula:
Future Value = Principal x (1 + Interest Rate[tex])^{Time[/tex]
Where:
Principal = $30,000 (the amοunt Nichοlai is willing tο invest)
Interest Rate = the annual interest rate οffered fοr each investment
Time = 3 years (the investment periοd)
Fοr Investment A, using simple interest:
Future Value = $30,000 x (1 + 0.10 x 3) = $39,000
Fοr Investment B, using cοmpοund interest:
Future Value = $30,000 x (1 + 0.06)³ = $34,214
Fοr Investment C, using cοmpοund interest:
Future Value = $30,000 x (1 + 0.07)³ = $35,153
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Discovered that a sale on account to Musheer Orthopedics for $627. 50 was incorrectly charged to the account of Hubbard Medical
Clinic. M59
Colah Company purchased $1 million of Jackson, Inc. , 5% bonds at par on July 1, 2018, with interest paid semi-annually. Colah determined that it should account for the bonds as an available-for-sale investment. At December 31, 2018, the Jackson bonds had a fair value of $1. 2 million. Colah sold the Jackson bonds on July 1, 2019 for $900,000. The purchase of the Jackson bonds on July 1. Interest revenue for the last half of 2018. Any year-end 2018 adjusting entries. Interest revenue for the first half of 2019. Any entries necessary upon sale of the Jackson bonds on July 1, 2019, including updating the fair-value adjustment, recording any reclassification adjustment, and recording the sale
If Colah Company purchased $1,000,000 of Jackson, Inc., 5% bonds at par on July 1, 2018. The journal entries for the purchase of the Jackson bonds on July 1 is:
Debit Available-for-sale securities $1,000,000
Credit Cash $1,000,000.
Journal entries are as follows:
July 1 2018
Debit Available-for-sale securities $1,000,000
Credit Cash $1,000,000
December 31 2018
Debit Cash $25,000
Credit Interest income $25,000
(5% ×$1,000,000 / 2)
December 31 2018
Debit Available-for-sale securities $120,000
Unrealized Gain - Other comprehensive income $120,000
June 30 2019
Debit Cash $25,000
Credit Interest income $25,000
(5% ×$1,000,000 / 2)
The entry necessary upon sale of the Jackson bonds on July 1, 2019 is:
July 1 2019
Debit Available-for-sale securities $1,000,000
Unrealized Gain-Other comprehensive income account $120,000
Credit Cash $1,00,000
Credit Realized Loss on the sale of Available-for-sale securities $100,000
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The following question may be like this:
Colah Company purchased $1 million of Jackson, Inc. , 5% bonds at par on July 1, 2018, with interest paid semi-annually. Colah determined that it should account for the bonds as an available-for-sale investment. Colah sold the Jackson bonds on July 1, 2019 for $900,000.
Prepare Colah’s journal entries for the following transactions:
The purchase of the Jackson bonds on July 1. Interest revenue for the last half of 2018. Any year-end 2018 adjusting entries. Interest revenue for the first half of 2019. Any entries necessary upon sale of the Jackson bonds on July 1, 2019, including updating the fair-value adjustment, recording any reclassification adjustment, and recording the sale
Carr Company recognized revenues from a sale even though Carr Company stored the inventory for the customers after the sale. This is an example of what type of fictitious revenue scheme?
Question 12 options:
Partial sale
Circumstantial sale
Sale with conditions
Tentative sale
The example described is an instance of "Sale with conditions" fictitious revenue scheme.A company is a legal entity formed by a group of people or investors who come together to conduct business activities.
It is recognized as a separate entity from its owners, which means it has its own legal rights and obligations, can enter into contracts, own assets, and incur liabilities. Companies can be formed for various purposes, such as to make a profit, provide a service, or pursue a charitable or social mission. They can take different forms, such as sole proprietorships, partnerships, limited liability companies (LLCs), and corporations, each with its own advantages and disadvantages.
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if the interest rate falls below the equilibrium point, which of the following occurs in the financial market? select the two correct answers below. select all that apply: excess demand occurs. credit card firms will lower interest rates to attract customers. credit card companies will see an opportunity to raise interest rates. firms are eager to supply loans to credit card customers.
If the interest rate falls below the equilibrium point, the following occurs in the financial market excess demand occurs and credit card firms will lower interest rates to attract customers. The correct options are options A and B.
Equilibrium point: The equilibrium point is the point at which demand and supply are equal in quantity, and there is no shortage or surplus. The price of a commodity is also constant at the equilibrium point. In the financial market, if the interest rate falls below the equilibrium point, there is a high demand for credit cards, which leads to excess demand. This implies that demand is more than supply. In an attempt to attract customers, credit card firms will reduce interest rates. Hence, credit card firms will lower interest rates to attract customers.
Option C and option D are wrong because if the interest rate falls below the equilibrium point, credit card companies will not see an opportunity to raise interest rates. Also, firms will not be eager to supply loans to credit card customers as the demand is more than supply, and there is excess demand.
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in determining whether a third-party is an intended or incidental beneficiary, a court may consider: (choose two answers.) the length of the contract performance before a benefit would be reached by the party. whether the third party received any benefit from the contract. whether the party is able to control any details of the performance. whether the party is directly named in any part of the contract
In determining whether a third-party is an intended or incidental beneficiary, a court may consider various factors. Two of the most important factors that a court may consider are:
1= Whether the third party received any benefit from the contract: If the third party received any benefit from the contract, it is more likely that they are an intended beneficiary.
On the other hand, if the third party did not receive any benefit from the contract, it is more likely that they are an incidental beneficiary.
2= Whether the party is directly named in any part of the contract: If the third party is directly named in any part of the contract, it is more likely that they are an intended beneficiary.
On the other hand, if the third party is not directly named in any part of the contract, it is more likely that they are an incidental beneficiary.
Other factors that a court may consider include the length of the contract performance before a benefit would be reached by the party and whether the party is able to control any details of the performance.
However, the two factors mentioned above are generally the most important in determining whether a third-party is an intended or incidental beneficiary.
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COURSE PAPER:
''Gender and Leadership in Western
Countries."
Prepare and submit a 10-15 page course paper.
Six peer-reviewed sources minimum required.
The topic of gender and leadership has received significant attention over the past few decades, with an increasing number of women entering leadership roles across Western countries.
Despite this progress, gender inequality remains a pervasive issue in many industries, with women underrepresented in leadership positions in both the public and private sectors. This paper will examine the relationship between gender and leadership in Western countries, focusing on the factors that contribute to gender disparities in leadership roles and the strategies that have been implemented to address this issue. Specifically, this paper will analyze six peer-reviewed sources to provide a comprehensive overview of the current state of gender and leadership in Western countries.
Factors Contributing to Gender Disparities in Leadership RolesOne key factor contributing to gender disparities in leadership roles is gender bias, which can occur at every stage of the hiring and promotion process. Research has shown that implicit biases against women can affect the way that employers evaluate job candidates, with women often being penalized for behavior that is seen as assertive or confident.
This bias can also affect the way that women are evaluated in performance reviews, with women being held to higher standards than men and receiving less recognition for their achievements (Eagly & Karau, 2002).
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Our calculations concluded that the minimum WACC was reached at 30%. In fact, the values of the WACC for three consequent debt ratios were as following: Wd WACC 20% 11.28% 30% 11.01% 40% 11.04% You may remember from our discussions in class that, this calculation did a very superficial analysis, in the sense that it only considered 20%, 30%, 40%, and so on, but did not go more detailed to the Debt Ratios between 20%-30%. Maybe 25% debt was providing a better WACC, we don't know that yet. So, at this HW assignment, we will figure that out. Among the 20%, 30%, 40% choices, we have the minimum WACC at 30%. It looks like from 20% to 30%, WACC always decreased, and from 30% to 40% WACC always increased. However, we need to consider the following scenarios: - Maybe, the minimum WACC was between 20%-30%, so from 20%, WACC actually first decreased, reached the minimum, and started to increase towards the 30% ratio. So maybe, minimum WACC is lower than 11.01% and it is reached between 20%-30%. - Maybe, the minimum WACC was between 30%-40%, so from 30%, WACC actually continued to decrease, then reached the minimum, and started to increase towards the 40% ratio. So maybe, minimum WACC is lower than 11.01% and it is reached between 30%-40%. Considering all this, please use Microsoft Excel to calculate the optimal capital structure at which you get the actual minimum WACC. To be able to do so, you need to make the following assumptions: - We know that ra=8%, 8.5%, 10% for Wa=20%, 30%, 40%, respectively. But now, you need to, for example, know the ra when wa=25%. - Therefore, simply assume ra will be equally distributed between 8%-8.5%, for 20% - In addition, assume ra will be equally distributed between 8.5%-10%, for 30%
Calculate the cost of equity (re) for each debt ratio using the CAPM formula: re = rf + beta * (rm - rf). Assume the risk-free rate (rf) is 3%, the market risk premium (rm - rf) is 7%, and the beta is 1.2.
What is Excel ?Excel is a spreadsheet program developed by Microsoft Corporation. It is a tool used to organize, analyze and manipulate data using rows and columns. Excel can perform various calculations, including arithmetic operations, statistical analysis, and financial modeling. It is widely used in businesses, finance, accounting, and other fields to create spreadsheets, charts, and graphs to visualize data and make it easier to interpret. Excel also provides a range of functions and tools for data analysis and manipulation, such as sorting, filtering, and conditional formatting.
What is data ?Data refers to any set of information, facts, or statistics that can be recorded, stored, and analyzed. It can take many forms, such as text, numbers, images, audio, or video. In the context of computing, data is typically represented as digital bits that can be processed by machines or software applications.
Data can be structured or unstructured. Structured data is organized in a specific format, such as tables, spreadsheets, or databases, and is easy to search, sort, and analyze. Unstructured data, on the other hand, is not organized in any particular format and can include things like emails, social media posts, and images.
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Bravo, a CPA is engaged to report on a set of summary financial statements. Bravo has also been engaged to report on the financial statements from which the summarized financial statements have been derived. If Bravo issues an adverse or a disclaimer of opinion on the financial statements from which the summarized financial statements have been derived:
A. Bravo should issue the same opinion on the summary financial statements
B. Bravo should withdraw from the engagement
C. Bravo may issue a standard unmodified opinion on the summary financial statements
D. Bravo should issue an appropriate opinion, along with an emphasis of matter paragraph
If Bravo issues an adverse or a disclaimer of opinion on the financial statements from which the summarized financial statements have been derived: Bravo should issue the same opinion on the summary financial statements. The correct option is A.
If a CPA issues an adverse or a disclaimer of opinion on the financial statements from which the summarized financial statements have been derived, they should also issue the same opinion on the summary financial statements. This is because the summary financial statements are derived from the original financial statements, and any issues present in the original statements would also be present in the summary statements.
Therefore, it is important for the CPA to issue the same opinion on the summary financial statements in order to accurately reflect the financial condition of the company.
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Rebecca has just purchased a stock for
$18
which has a beta of
1.5
and is not expected to pay any dividends over the riext year if the risk-tree tate is
$28
and the teturn on the market is expected to be
9%
. Active your Rebecca on the expected price of the share at the end of the yeac.
Rebecca's expected price of the share at the end of the year is $38.16.
It is given that Rebecca has just purchased a stock for $18 that has a beta of 1.5 and is not expected to pay any dividends over the next year. The risk-free rate is $28, and the return on the market is expected to be 9%. The expected price of the share at the end of the year is calculated as follows:
Expected return on Rebecca’s investment (r) = risk-free rate + beta × (market return − risk-free rate)
= $28 + 1.5 × (9% − $28) = $28 + 1.5 × (−19%)
= $28 − 28.5% = $20.16
Expected price of the share at the end of the year = $18 + $20.16 = $38.16
Therefore, the expected price of the share at the end of the year is $38.16.
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Subject: Management Information System
Required:
a) Briefly explain the business process. (4 Marks)
b) Describe FOUR (4) examples of functional business processes. (6 Marks)
c) State FIVE (5) categories of collaborative software tools. (5 Marks)
d) Determine FIVE (5) steps in evaluating software tools. (5 Marks)
a) A business process is a set of activities and tasks that are performed to achieve a particular organizational goal. b) The examples of functional business processes are accounting, production and operations, sales and marketing, and human resource. c) Categories of collaborative software tools include project management, file sharing, video conferencing, messaging, and virtual workspace. d) Steps in evaluating software tools are determine the scope, feature assessment, cost evaluation, test the interface, and analyze the security.
a) A business process is a series of structured activities that are planned and organized to produce a certain result. A business process, also known as a process chain, is a sequence of events that involves a specific task or a set of tasks that work together to achieve a common goal.
Business processes involve the coordination of people, technology, information, and other resources. The objective of a business process is to improve efficiency, productivity, and customer satisfaction. For example, an online retailer's business process would include receiving orders, processing payments, and shipping products
b) The examples of functional business processes are:
1. Accounting: This process involves all aspects of recording and reporting financial transactions, including accounts payable and receivable, payroll, taxation, and compliance with legal regulations.
2. Production and operations: This process involves managing the production process to produce goods and services, including materials procurement, inventory management, scheduling, and quality control.
3. Sales and marketing: This process involves creating and managing sales and marketing activities, including market research, advertising, lead generation, sales order processing, and customer relationship management.
4. Human resources: This process involves managing the recruitment, training, development, and retention of employees.
c) Categories of collaborative software tools are:
1. Project management: These tools help manage projects by enabling teams to assign tasks, track progress, and communicate.
2. File sharing: These tools allow users to securely share documents and files.
3. Video conferencing: These tools enable remote meetings between two or more users.
4. Messaging: These tools allow users to communicate in real time.
5. Virtual workspace: These tools allow users to create and collaborate on visual presentations.
d) Steps in evaluating software tools:
1. Determine the purpose and scope of the tool.
2. Assess the features and capabilities of the tool.
3. Evaluate the cost and licensing terms.
4. Test the user interface and usability.
5. Analyze the security measures of the tool.
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Aditya recently assumed an information security role for a financial institution located in the united states. He is tasked with assessing the institution's risk profile and cybersecurity maturity level. What compliance regulation applies specifically to aditya's institution? a. Fisma b. Ffiec c. Pci dss d. Hipaa
Aditya is working in a financial institution located in the United States and is responsible for assessing the institution's risk profile and cybersecurity maturity level, it is likely that the compliance regulation that applies to the institution is the Federal Financial Institutions Examination Council (FFIEC) Cybersecurity Assessment Tool (CAT).So Option B is correct.
The FFIEC CAT is a risk assessment tool that helps financial institutions identify their risk profile and evaluate their cybersecurity maturity level. It is used by financial institutions to assess their cybersecurity risk and determine the adequacy of their cybersecurity controls.
\It is important to note that financial institutions may also be subject to other compliance regulations depending on their specific industry and activities, such as the Payment Card Industry Data Security Standard (PCI DSS) or the Health Insurance Portability and Accountability Act (HIPAA) if they handle sensitive personal information.
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Can some help with the introduction to the methodology for the following topic: -
Examine contemporary company strategies used to boost employee morale and productivity, such as work-life balance, healthy environments, and incentive schemes.
Contemporary company strategies used to boost employee morale and productivity are flexible work arrangement, training and development opportunities, encourage communication, recognition and rewards, encourage collaboration and teamwork, and offer employee benefits.
Motivation is a key element in determining the success of a company. The company can accomplish its objectives and goals when its workforce is motivated and dedicated to its job. A highly motivated workforce leads to increased productivity, which leads to improved company efficiency, and eventually, business growth.
Here are some contemporary company strategies used to boost employee morale and productivity:
1. Provide Flexible Work Arrangements: It is a strategy that has been adopted by several businesses. Flexible work arrangements have a significant impact on employee morale and productivity. Employees who have flexible work arrangements often have a better work-life balance, which helps to reduce stress, and they are generally happier in their work.
2. Provide Training and Development Opportunities: Employees often seek professional growth, which can come in the form of training and development opportunities. Providing workers with these opportunities can increase their skill levels, which leads to improved job performance and increased productivity.
3. Encourage Communication: Encouraging communication is an essential strategy for improving employee morale and productivity. When employees feel free to express themselves and communicate their thoughts, it leads to improved job satisfaction and increased productivity.
4. Recognition and Rewards: When employees feel that their work is appreciated, they become more motivated to continue doing a good job. Implementing a recognition and reward system can go a long way in boosting employee morale and productivity.
5. Encourage Collaboration and Teamwork: Encouraging collaboration and teamwork helps to build a strong team spirit among employees. When employees work together, they can share ideas and knowledge, which leads to increased productivity and better job performance.
6. Offer Employee Benefits: Companies that offer employee benefits, such as health insurance, retirement plans, and paid vacation days, often have higher employee morale and productivity. These benefits provide employees with peace of mind, knowing that their employer cares about their well-being.
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7000 dollars is invested in a bank account at an interest rate of 10 per cent per year, compounded continuously. Meanwhile, 13000 dollars is invested in a bank account at an interest rate of 3 percent compounded annually. To the nearest year, when will the two accounts have the same balance? The two accounts will have the same balance after years.
The two accounts will have the same balance after 18 years (approx).
How to calculateThe two accounts have the same balance when the amount in the first account will be equal to the amount in the second account.
Let us consider the first account,
Amount (A) = $7000
Interest rate (r) = 10% per year Compounded continuously.
Now, we will use the formula for continuous compounding:
A = P*e^rt
Where, A = amount
P = principal
r = rate of interest
t = time (in years)
e = base of natural logarithms
On substituting the values, we get $A = 7000 * e^(0.10t)....(1)
For the second account, Amount (A) = $13000
Interest rate (r) = 3% per year Compounded annually.
Using the formula for annual compounding:
A = P*(1 + r/n)^(n*t)
Where,
A = amount
P = principal
r = rate of interest
t = time (in years)
n = number of times interest is compounded in a year
On substituting the values, we get $A = 13000 * (1 + 0.03/1)^(1*t)....(2)
On equating equations (1) and (2), we get:7000 * e^(0.10t) = 13000 * (1 + 0.03/1)^(1*t)
Solving this equation for t using natural logarithms, we get:
t = 17.5 years (approx)
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In calculating the variance of a portfolio's returns, squaring the deviations from the mean results in: I. Preventing the sum of the deviations from always equaling zero II. Exaggerating the effects of large positive and negative deviations III. A number for which the unit is percentage of returns
Option (a) and (b), Squaring the deviations from the mean when computing the variance of a portfolio's returns prevents the sum of the deviations from always equaling zero and magnifies the impact of both big positive and negative deviations.
Why are standard deviations squared when calculating deviations from the mean?We square the deviation scores since the sum of raw deviations is always zero and there is no way mathematically to modify that, as we saw in the Sum of Squares table. Scores are generally 1.5 square units outside the mean in this population.
Is there a threshold for the number of squared deviations before the sum is zero?There are zero variations overall from the mean. It will always be the case that the sum of the deviations below the mean equals the sum of the deviations above the mean because this is a property of the sample mean.
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kaylee james, a connoisseur of fine chocolate, opened kaylee's sweets in collegetown on february 1. the shop specializes in a selection of gourmet chocolate candies and a line of gourmet ice cream. you have been hired as manager. your duties include maintaining the store's financial records. the following transactions occurred in february, the first month of operations. received four shareholders' contributions totaling $30,200 cash to form the corporation; issued 400 shares of $0.10 par value common stock. paid three months' rent for the store at $1,750 per month (recorded as prepaid expenses). purchased and received candy inventory for $6,000 on account, due in 60 days. purchased supplies for $1,560 cash. negotiated and signed a two-year $11,000 loan at the bank, receiving cash at the time. used the money from (e) to purchase a computer for $2,750 (for recordkeeping and inventory tracking); used the balance for furniture and fixtures for the store. placed a grand opening advertisement in the local paper for $400 cash; the ad ran in the current month. made sales on valentine's day totaling $3,500; $2,675 was in cash and the rest on accounts receivable. the cost of the candy sold in (h) above was $1,600. (reminder: used inventory is an expense called cost of goods sold.) made a $550 payment on accounts payable. incurred and paid employee wages of $1,300. collected accounts receivable of $600 from customers. made a repair to one of the display cases for $400 cash. made cash sales of $1,200 during the rest of the month. the cost of the candy sold in (n) above was $600. required: 1
The transactions that occurred in February for Kaylee's Sweets can be recorded in a general journal using the following entries:
1. Received four shareholders' contributions totaling $30,200 cash to form the corporation; issued 400 shares of $0.10 par value common stock.
Dr. Cash $30,200
Cr. Common Stock $40
Cr. Paid-in Capital in Excess of Par $30,160
2. Paid three months' rent for the store at $1,750 per month (recorded as prepaid expenses).
Dr. Prepaid Rent $5,250
Cr. Cash $5,250
3. Purchased and received candy inventory for $6,000 on account, due in 60 days.
Dr. Inventory $6,000
Cr. Accounts Payable $6,000
4. Purchased supplies for $1,560 cash.
Dr. Supplies $1,560
Cr. Cash $1,560
5. Negotiated and signed a two-year $11,000 loan at the bank, receiving cash at the time.
Dr. Cash $11,000
Cr. Notes Payable $11,000
6. Used the money from (e) to purchase a computer for $2,750 (for recordkeeping and inventory tracking); used the balance for furniture and fixtures for the store.
Dr. Computer Equipment $2,750
Dr. Furniture and Fixtures $8,250
Cr. Cash $11,000
7. Placed a grand opening advertisement in the local paper for $400 cash; the ad ran in the current month.
Dr. Advertising Expense $400
Cr. Cash $400
8. Made sales on Valentine's Day totaling $3,500; $2,675 was in cash and the rest on accounts receivable. The cost of the candy sold in (h) above was $1,600. (Reminder: used inventory is an expense called cost of goods sold.)
Dr. Cash $2,675
Dr. Accounts Receivable $825
Cr. Sales Revenue $3,500
Dr. Cost of Goods Sold $1,600
Cr. Inventory $1,600
9. Made a $550 payment on accounts payable.
Dr. Accounts Payable $550
Cr. Cash $550
10. Incurred and paid employee wages of $1,300.
Dr. Wages Expense $1,300
Cr. Cash $1,300
11. Collected accounts receivable of $600 from customers.
Dr. Cash $600
Cr. Accounts Receivable $600
12. Made a repair to one of the display cases for $400 cash.
Dr. Repair Expense $400
Cr. Cash $400
13. Made cash sales of $1,200 during the rest of the month. The cost of the candy sold in (n) above was $600.
Dr. Cash $1,200
Cr. Sales Revenue $1,200
Dr. Cost of Goods Sold $600
Cr. Inventory $600
These journal entries accurately reflect the transactions that occurred during the month of February for Kaylee's Sweets and can be used to create financial statements for the business.\
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Why did Amazon follow a different business model and strategy in India compared to its experience in China and Brazil? Consider entry mode and timing.What led to the differing approaches, and which, if any, of Amazon’s emerging markets’ strategies and investments would succeed?
Amazon followed a different business model and strategy in India compared to its experience in China and Brazil, primarily due to regulatory issues and market conditions.
Amazon faced intense competition in China and Brazil, leading the company to adopt aggressive strategies, while the Indian market presented different challenges and opportunities.
Additionally, the Indian government regulations were more stringent than in China and Brazil, leading to Amazon adopting different entry modes and timing.
In China, Amazon entered the market through acquisition and partnerships, while in Brazil, the company entered the market through the launch of its platform.
In India, Amazon adopted a multi-channel approach, combining online and offline platforms to penetrate the market. Amazon also made significant investments in Indian e-commerce startups to gain market share and expand its reach.
Overall, Amazon's different approaches in China, Brazil, and India are due to the unique market conditions and regulatory requirements. However, Amazon's investments in India's e-commerce market have been successful, making it one of the company's most important growth markets.
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Type the correct answer in the box. Spell the word correctly.
Anika wants to create a visual to represent a table that shows the growth of her company's market share over a year. What type of graph would best
show this relationship?
Anika should use a
to show the plotted points for the market share of her company by the end of each month or quarter of the year.
Anika would use a bar graph to create a visual to represent a table that shows the growth of her company's market share over a year.
Bar graphs show data involved in distinct categories that do not overlap; whereas, pie charts show data as parts out of a whole.
A bar graph, also called a bar chart, is used to present categorical variables, which involves rectangular bars with a correlation between a specific category and the frequency of them; these graphs can be also called histograms. It's used in statistics to describe a bunch of data, separating them in categories. Thus Anika would use a bar graph to create a visual to represent a table that shows the growth of her company's market share over a year.
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The rate at which water is lost because of evaporation from the surface of a body of water may be determined by measuring the surface recession rate. Consider a summer day for which the temperature of both the water and the ambient air is 305 K and the relative humidity of the air is 40%. If the surface recession rate (dH/dt) is known to be 0. 1 mm/h, what is the rate at which mass is lost because of evaporation per unit surface area
The rate at which mass is lost because of evaporation per unit surface area is 86.11 grams per square meter per hour.
The rate at which mass is lost because of evaporation per unit surface area can be calculated using the following formula:
E = (dH/dt) x (ρw / ρa)
where E is the rate of evaporation per unit surface area, dH/dt is the surface recession rate, ρw is the density of water, and ρa is the density of air.
The density of water at 305 K is 997 kg/m³, and the density of air at the same temperature and 40% relative humidity can be calculated using the ideal gas law:
PV = nRT
where P is the pressure, V is the volume, n is the number of moles, R is the universal gas constant, and T is the temperature.
Assuming standard atmospheric pressure, the density of air at 305 K and 40% relative humidity is:
ρa = (P / RT) x M
where M is the molar mass of air, which is approximately 28.97 g/mol.
Substituting the values, we get:
ρa = (101325 Pa / (8.314 J/mol.K x 305 K)) x 28.97 g/mol
= 1157 gm/m³
= 1.157 kg/m³
Therefore, the rate of evaporation per unit surface area is:
E = (0.1 mm/h) x (997 kg/m³ / 1.157 kg/m³)
= 86.11 g/m².h
So the rate of mass loss due to evaporation per unit surface area is 86.11 grams per square meter per hour.
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Long-term investments that cost the company $10 were sold during the year for $24 and land that cost $23 was sold for $13. In addition, the company declared and paid $7 in cash dividends during the year. Besides the sale of land, no other sales or retirements of plant and equipment took place during the year. Pavolik did not retire any bonds during the year or issue any new common stock. The company's income statement for the year follows:
sales 690
cosr of good sold 292
gross margin 398
selling and administrative expanse 310
nonoperating items 88
income before taxes 92
income taxes 36
net income 56
The company's beginning cash balance was $106 and its ending balance was $97. Required: 1. Use the indirect method to determine the net cash provided by operating activities for the year. 2. Prepare a statement of cash flows for the year. Use the indirect method to determine the net cash provided by operating activities for the year. (Adjustment amounts that are to be deducted should be indicated with a minus sign.) Prepare a statement of cash flows for the year. (List any deduction in cash and cash outflows as negative amounts.)
1. The net cash provided by operating activities for the year can be determined using the indirect method, which looks at net income, then adjusts for non-cash items, such as depreciation, as well as increases and decreases in assets and liabilities.
In this case, the following adjustments need to be made:
$56 + $88 + $36 - $10 - $23 + $24 + $13 = $196
Cash flows from operating activities:
Cash flows from investing activities:
Cash flows from financing activities:
Net change in cash $156
Beginning cash balance $106
Ending cash balance $97
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Hanna Company had net income of $71, 500. Balances in the company's current asset and current liability accounts at the beginning and end of the year were as follows: The Accumulates Depreciation account had total credits of $46,000 during the year. Hanna Company did not record any gains or losses during the year. Use the indirect method to determine the net cash provided by (or used in) operating activities for the year. (List any deduction in cash and cash outflows as negative amounts.)
December 31
End of Year Beginning of Year
Current assets:
Cash $ 65,000 $ 83,000
Accounts receivable $ 162,000 $ 186,000
Inventory $ 448,000 $ 370,000
Prepaid expenses $ 11,500 $ 13,500
Current liabilities:
Accounts payable $ 362,000 $ 386,000
Accrued liabilities $ 7,500 $ 12,500
Income tax payable $ 33,000 $ 30,000
In the given problem, we are given the net income, current assets and current liability accounts for the end and beginning of the year. To find the net cash provided by operating activities, we use the indirect method, which starts with net income and adjusts for changes in current asset and current liability accounts. Deduction in cash or cash outflows is given by negative amounts.
Thus, the answer is as follows: Hanna Company Statement of Cash Flows For the Year Ended December 31, 2021Net Income $71,500 Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense $46,000 Increase in Accounts receivable $(24,000)Decrease in Inventory $78,000Decrease in Prepaid expenses $2,000 Decrease in Accounts payable $(24,000) Increase in Accrued liabilities $(5,000)Increase in Income tax payable $3,000 Net cash provided by operating activities $147,500 Therefore, the net cash provided by operating activities is $147,500.
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Splish Furniture factors $720000 of receivables to Bramble Factors, Inc. Bramble Factors assesses a 4% service charge on the amount of receivables sold. Splish Furniture factors its receivables regularly with Bramble Factors. What journal entry does Splish make when factoring these receivables
Splish makes a Journal entry when factoring these receivables is equal to $28,800.
When factoring, the business actually sells its accounts receivable and receives cash from the company buying the receivables. The selling company will record the % fee from the factoring or buying firm as a loss in its financial statements.
The journal entry is shown below:
Cash A/c $6,91,200
Service Charge Expense A/c $28,800
To Accounts Receivable A/c $720,000
(Being the cash is received and the remaining balance is debited to the cash account )
The computation of the service charge expense is shown below:
= Accounts Receivable × service charge percentage
= $720,000 × 4%
= $28,800
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gdp may be defined as (the) group of answer choices market value of all final and goods and services produced within a nation in a given year market value of all and goods and services (both final
GDP, or Gross Domestic Product, may be defined as the market value of all final goods and services produced within a nation in a given year. This means that GDP measures the total value of all goods and services produced in a country within a specific time period, typically one year.
It is important to note that GDP only includes final goods and services, meaning those that are sold to the end user, and not intermediate goods, which are used to produce other goods and services. GDP is a commonly used measure of a country's economic output and is often used to compare the economic performance of different countries.
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which of the following will occur in the money market when the aggregate price level increases? responses the money supply will increase and nominal interest rates will decrease. the money supply will increase and nominal interest rates will decrease. the demand for money will increase and nominal interest rates will decrease. the demand for money will increase and nominal interest rates will decrease. the demand for money will increase and nominal interest rates will increase. the demand for money will increase and nominal interest rates will increase. the demand for money will decrease and nominal interest rates will decrease. the demand for money will decrease and nominal interest rates will decrease. the opportunity cost of holding money will decrease
Nominal interest rates will rise together with the demand for money. In general, a rise in the overall price level will result in a shift to the right in the money demand curve.
What impact does an increase in overall demand have on the money market?The Aggregate-Demand Curve's Slope Downward, One factor that affects how much money is demanded is the price level. With every given interest rate, more money is requested at a higher price level. A stronger demand for money results in a higher interest rate.
What takes place in the money market as the money supply rises?Lower interest rates encourage investment, while more money in the hands of consumers results in a sense of increased prosperity. These effects are both produced by a rise in the money supply.
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Oil-R-Us is a local gas station and needs your assistance in determining the optimal ordering policy for one of its most popular motor oil. The motor oil has consistent demand, selling 400 gallons per month. Oil-R-Us pays $50 per gallon oil and has an ordering cost of $350 per order. The annual holding cost per unit of inventory is 20% of the unit cost.
Determine:
1. Economic Order Quantity (round EOQ to 2 decimal places and use for parts ii and iii);
2. Time between placement of orders (in months – calculate to 2 decimal places);
3. Total relevant annual cost (i.e., sum of holding and ordering costs) for the motor oil (calculate to 2 decimal places).
1. The economic order quantity is 94.28 gallons. 2. The time between placement of orders is 0.24 months. 3. The total relevant annual cost for the motor oil is $1481.31.
1. Economic Order Quantity (EOQ) can be calculated as follows:
EOQ = sqrt((2 × Annual demand × Ordering cost) ÷ Annual holding cost per unit of inventory)
Here, Annual demand = 400 gallons/month, Ordering cost = $350, Annual holding cost per unit of inventory = 20% of the unit cost = 20% × $50 = $10.
Using these values in the above equation, we get:
EOQ = sqrt((2 × 400 × 350) ÷ 10)EOQ = 94.28
Therefore, the economic order quantity is 94.28 gallons.
2. Time between placement of orders can be calculated as follows:
Time between placement of orders = EOQ ÷ Annual demand
Here,EOQ = 94.28 gallons, Annual demand = 400 gallons/month
Using these values in the above equation, we get:
Time between placement of orders = 94.28 ÷ 400
Time between placement of orders = 0.24 months
Therefore, the time between placement of orders is 0.24 months.
3. Total relevant annual cost can be calculated as follows:
Total relevant annual cost = Ordering cost × (Annual demand ÷ EOQ) + (Annual holding cost per unit of inventory × EOQ ÷ 2)
Here,EOQ = 94.28 gallons, Ordering cost = $350, Annual holding cost per unit of inventory = 20% of the unit cost = 20% × $50 = $10
Using these values in the above equation, we get:
Total relevant annual cost = 350 × (400 ÷ 94.28) + (10 × 94.28 ÷ 2)
Total relevant annual cost = $1481.31
Therefore, the total relevant annual cost for the motor oil is $1481.31.
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Anytwo provisions or mechanisms that ensures that the investment of shareholders are protected
There are several provisions and mechanisms that can help protect the investments of shareholders in a company. Two examples include: Shareholder Rights Plan and Proxy Voting.
Shareholder Rights Plan: Also known as a "poison pill," this provision is intended to protect shareholders from hostile takeovers. If a company is threatened with a takeover, the board of directors can adopt a shareholder rights plan that gives existing shareholders the right to purchase additional shares at a discounted price, making a takeover more expensive and less attractive to potential buyers.
Proxy Voting: Shareholders have the right to vote on important company decisions, such as electing board members and approving mergers and acquisitions. Proxy voting allows shareholders to vote remotely, without having to attend in-person meetings, making it easier for individual shareholders to participate in important decisions and have their voices heard.
Other provisions and mechanisms that can protect shareholders include bylaws that limit the power of the board of directors, requirements for independent auditors, and regulations that ensure companies provide timely and accurate financial information to shareholders.
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