Answer: c. competitor imitation
Explanation:
When a company makes a good product that people like and therefore brings in profit, other companies will copy that product if it is not protected by law so that they too can make profit as well.
This is what happened to the Crocs' clogs. Other companies imitated them and so Crocs lost their competitive advantage. This led to prices falling for such footwear as the supply increased. It is for this reason that companies try to get patents when they make a product.
Song, Inc., uses the high-low method to analyze cost behavior. The company observed that at 22,000 machine hours of activity, total maintenance costs averaged $33.40 per hour. When activity jumped to 25,000 machine hours, which was still within the relevant range, the average total cost per machine hour was $30.40. On the basis of this information, the fixed cost was:
Answer:
$550,000
Explanation:
The computation of the fixed cost is shown below:
But before that the variable cost per hour is
= (25,000 ×$30.40 - 22,000 × $33.40) ÷ (25,000 - 22,000)
= ($760,000 - $734,800) ÷ (3,000)
= $8.4
Now the fixed cost is
= $760,000 - (25,000 × $8.4)
= $550,000
5.
Stay at least feet behind any fire apparatus vehicle displaying flashing warning
lights and sounding a siren.
a. 27
b. 99
c. 312
d. 500
The common stock of Alpha Manufacturers has a beta of 1.14 and an actual expected return of 15.26 percent. The risk-free rate of return is 4.3 percent and the market rate of return is 12.01 percent. Which one of the following statements is true given this information? To be correctly priced according to CAPM, the stock should have an expected return of 21.95 percent.
a. The actual expected return will graph below the Security Market Line.
b. The stock has less systematic risk than the overall market.
c. The stock is overpriced.
d. The actual expected stock return indicates the stock is currently underpriced.
Answer: d. The actual expected stock return indicates the stock is currently underpriced.
Explanation:
According to CAPM, the expected return is:
= Risk free rate + beta * (market return - risk free rate)
= 4.3% + 1.14 * (12.01% - 4.3%)
= 13.09%
The actual expected return is greater than the CAPM expected return.
This stock is underpriced because it is bringing in a higher return than CAPM predicted based on the market.
brooks is babysitting this summer while she is home from college. she puts the money in the bank every week. this illustrates one of the advantages of money over bartering, which is
Answer:
it can be stored overtime
Explanation:
Task performance is defined as: Activities that transform raw materials into the goods and services that are produced by the organization. Activities that help with the transformation process by replenishing the supply of raw materials. A and B Offering help and cooperating with others.
Answer:
The correct option is A and B.
Explanation:
Task performance can be described as actions that convert raw materials into the goods and services which a company produces, as well as actions that aid in the conversion process by restocking raw materials, distributing finished products, or providing critical planning, supervising, staff functions, or coordination that promote effective and efficient functioning of the organization.
Based on the description above, the correct option is A and B. That is, task performance is defined as activities that transform raw materials into the goods and services that are produced by the organization, and activities that help with the transformation process by replenishing the supply of raw materials.
A large manufacturing firm has been selling on a 3/10, net 30 basis. The firm changes its credit terms to 2/20, net 90. What change might be expected on the balance sheets of its customers?
A. Decreased receivables and increased bank loans
B. Increased receivables and increased bank loans
C. Increased payables and decreased bank loans
D. Increased payables and increased bank loan
Answer: Increased payables and decreased bank loans
Explanation:
It should be noted that 3/10, net 30 simply means when customer pays in 10 days, such person will get a 3% discount, if not the person will have to pay in full within the 30 days.
On the other hand, 2/20, net 90 means that when customer pays in 20 days, such person will get a 2% discount, if not the person will have to pay in full within the 90 days.
Therefore, the change that this will lead to on the balance sheets of its customers will be an increased payables as there'll be more time to make payment for the goods and decreased bank loans.
The ending Retained Earnings balance of Lambert Inc. increased by $1.7 million from the beginning of the year. The company's net income earned during the year is $5.1 million. What is the amount of dividends Lambert Inc. declared and paid
Answer: $3.4 million
Explanation:
The increase in Retained earnings is the net earnings for the year.
Net earnings are calculated by deducting dividends from the Net income.
Net earnings = Net income - Dividends
1,700,000 = 5,100,000 - Dividends
Dividends = 5,100,000 - 1,700,000
= $3,400,000
= $3.4 million
Purchased goods for $4,100 from Diamond Inc. with terms 2/10, n/30. 5 Returned goods costing $1,100 to Diamond Inc. for credit on account. 6 Purchased goods from Club Corp. for $1,000 with terms 2/10, n/30. 11 Paid the balance owed to Diamond Inc. 22 Paid Club Corp. in full. Required: Assume that Ace uses a perpetual inventory system and that the company had no inventory on hand at the beginning of the month. Calculate the cost of inventory as of June 30.
Answer: $3,940
Explanation:
Purchase from Diamond
The company received a discount of 2% because they paid within 10 days as per the terms of the sale.
Cost of inventory from Diamond:
= (Cost of goods - Returns) * (1 - 2%)
= (4,100 - 1,100) * 98%
= $2,940
Purchase from Club
Discount period expired so the full $1,000 is paid.
Total inventory cost:
= 2,940 + 1,000
= $3,940
LUVFINANCE, Inc. is estimating its WACC. The firm could sell, at par, $100 preferred stock that pays a 10 percent annual dividend and incurs 6.19% flotation costs. What is the cost of new preferred stock financing
Answer:
$10.66
Explanation:
Calculation to determine the cost of new preferred stock financing
Cost of new preferred stock financing=(100*10%)/(100*(1-0.0619))
Cost of new preferred stock financing=10/(100*(1-0.0619))
Cost of new preferred stock financing=10/(100*0.9381)
Cost of new preferred stock financing=10/93.81
Cost of new preferred stock financing=$10.66
Therefore the cost of new preferred stock financing is $10.66
Classify the transaction as either an operating activity, an investing activity, a financing activity, or a noncash activity:
1. Common stock is sold for cash
2. Bonds payable are issued for cash at a discount
3. Interest on a short-term note receivable is collected
4. Merchandise is sold to customers for cash
5. Cash paid to purchase inventory
Answer:
1. financing activity
2. financing activity
3. investing activity
4. operating activity
5. operating activity
Explanation:
Operating Activities includes Firms activities in sale and purchase of Inventory.
Investing Activities shows cash resulting from acquiring and sale of assets as well as receipt of interest on the investments.
Financing Activities shows cash resulting from raising capital or debt and the repayment of debt.
Groups of countries that seek mutual economic benefit from reducing interregional trade and tariff barriers are called
Answer:
multinational market regions.
Explanation:
It is the region where it deals with the groups countries that have seeks with regard to the mutual economic benefit arise from decreasing the trade and the trade barriers. Also the countries are looking for alliances in order to diversify the access to the free markets
Free Skies Inc.'s annual report contained the following information (dollars in millions): Net loss $ (13,302 ) Depreciation, amortization, and impairments 34,990 Decrease in receivables 2,045 Increase in inventories 6,266 Decrease in accounts payable 505 Additions to equipment 4,677 Required: 1. Based on this information, compute cash flow from operating activities using the indirect method.
Answer: $16,962
Explanation:
The cashflow from operating activities of a company shows the cash it gets from its day-to-day operations.
It is calculated as follows:
= (Net loss) + Depreciation + Decrease in receivables - increase in inventory - Decrease in accounts payable
= -13,302 + 34,990 + 2,045 - 6,266 - 505
= $16,962
The viewpoint that business should be privately controlled and not controlled by the government is a perspective of a ________ economy.
Answer:
The viewpoint that business should be privately controlled and not controlled by the government is a perspective of a ____capitalist____ economy.
Explanation:
For example, the US economy provides a good example of a capitalist economy. A capitalist or market economy is also known as capitalism. It is an economic system whereby private individuals or businesses own capital goods or means of production. Therefore, the production of goods and services is based on the market forces of supply and demand. Since individuals and firms fix prices of and decide what goods and services to produce, rather than through central planning by the government, it is also known as a market economy. The opposite is called a command economy, characterized by central government planning.
The Adept Co. is analyzing a proposed project. The company expects to sell 3,500 units, give or take 10 percent. The expected variable cost per unit is $7 and the expected fixed costs are $12,500. Cost estimates are considered accurate within a plus or minus 5 percent range. The depreciation expense is $6,000. The sale price is estimated at $15 a unit, give or take 2 percent. The company bases their sensitivity analysis on the expected case scenario. What is the sales revenue under the optimistic case scenario?
a. $54,880.
b. $50,000.
c. $58,905.
d. $53,120.
e. $54,000.
Answer:
c. $58,905.
Explanation:
The computation of the sales revenue is shown below:
optimistic scenario revenue = optimistic unit sold × optimistic price
where,
optimistic unit sold = 3500 × 110%
= $3,850
optimistic price = 15 × 102%
= 15.3
So, the Optimistic revenue is
= 3850 × 15.3
= $58,905
Hence, the option c is correct
You buy a lottery ticket to a lottery that costs $10 per ticket. There are only 100 tickets available to be sold in this lottery. In this lottery there are one $455 prize, two $75 prizes, and four $20 prizes. Find your expected gain or loss. (Round your answer to two decimal places.)
Answer: Expected loss of $2.45
Explanation:
The expected gain is a weighted probability of the expected outcomes and their individual probabilities.
There is one $455 prize out of 100 tickets so the probability is: 1/100 = 0.01
There are two $75 prizes so the probability is: 2/100 = 0.02
There are four $20 prizes so the probability is: 4/100 = 0.04
There is a chance that you will lose the $10 and that probability is the :
= 1 - 0.01 - 0.02 - 0.04
= 0.93
Expected gain (loss) = (0.01 * 455) + (0.02 * 75) + (0.04 * 20) + (0.93 * -10)
= ($2.45)
A firm uses a continuous review (Q) inventory system. Weekly demand for a product is normally distributed with a mean of 120 units and a standard deviation of 10 units. Lead time is constant at 4 weeks. The company reordered when 506 units of the product remained. About what cycle-service level (i.e., service level over the lead time) were they trying to maintain?
Answer: 90.32%
Explanation:
Weekly demand (d) = 120
Standard deviation = 10
Lead time (l) = 4
Reorder point = 506
The reorder point is calculated as:
506 = 120 × 4 + Z × 10 × ✓4
Solving for Z will give us 1.3
Then, we check this in the z table which will give us p = 0.9032
Therefore, the service level is 90.32%.
Jose rents office space for $20,000 per year. He uses the office to fill out tax returns for 1,000 clients per year. If the office rent increases to $25,000 per year, the marginal cost of filling out tax returns will A. increase, but we cannot determine the amount of the increase with the information given. B. increase by $5. C. not change. D. increase by $5,000.
Answer:
C. Not change
Explanation:
Based on the information given the MARGINAL COST of filling out tax returns will NOT CHANGE reason been that RENT is a FIXED COST because it is not movable which is why RENT
DOES NOT AFFECT MARGINAL COST.
Therefore the marginal cost of filling out tax returns will NOT CHANGE.
A company purchased property for $100,000. The property included a building, a parking lot, and land. The building was appraised at $60,000; the land at $46,600, and the parking lot at $18,400. Land should be recorded in the accounting records with an allocated cost of
Answer:
$37,280
Explanation:
We use the appraised values to apportion the Purchase Cost of the Property to determine the Cost of Land as follows :
Land Cost = $46,600 / $125,000 x $100,000
= $37,280
Land should be recorded in the accounting records with an allocated cost of $37,280.
Gwen plans to retire in 3 years with $426,000 in her account, which has an annual return of 6.29 percent. If she receives annual payments of X, with her first payment of X received in 4 years and her last payment of X received in 9 years, then what is X, the amount of each payment? Number Emerson plans to retire in 3 years with $296,000 in his account, which has an annual return of 10.13 percent. If he receives payments of $60,700 per year and he receives his first $60,700 payment in 4 years, then how many payments of $60,700 can Emerson expect to receive? Round your answer to 2 decimal places (for example, 2.89, 14.70, or 6.00).
Answer:
Q1. $87,423
Q2. 7.06
Explanation:
Q1. Calculation to determine what is X, the amount of each payment
Using Financial calculator to find X
End mode,
N = 6
% = 6.29%
PV= -$426,000
FV = 0
Hence:
X = 87,423
Therefore X, the amount of each payment will be
Q2. Calculation to determine how many payments can Emerson expect to receive
Using Financial calculator
End mode,
%= 10.13%
PV = -$296,000
PMT =$60,700
FV = 0
Hence,
Payment = 7.06
Therefore how many payments can Emerson expect to receive will be 7.06
The risk-free rate of return is currently 3 percent, whereas the market risk premium is 6 percent. If the beta of Lenz, Inc., stock is 1.8, then what is the expected return on Lenz
Answer:
I don't really understand the question
Explanation:
I don't know
but I will check out it later
What does the president consider to be the most important criterion when making political appointments to the bureaucracy?
Answer:
loyalty to the President
Explanation:
The President of the United States makes all the important political appointment of the bureaucracy to the Government offices. He does that appointing his favorite officials to the offices of the United States different federal agencies. One of the most important criteria that the President considers while appointing the bureaucracy officials is "loyalty to the President."
The President seeks those people who are loyal to him and follows every orders and advices of the President. The President keeps in mind that no one disobeys him and follows his order without any hesitations.
Thus the answer is "loyalty to the President."
Ramanond Technologies is an independent business that facilitates foreign exchange trades. In the context of institutions that make foreign exchange happen, Ramanond Technologies is categorized under:
Answer:
Fiscal investors.
Explanation:
Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.
Basically, trade can be categorized into two (2) main groups and these are;
I. Import: this involves bringing in goods from a foreign country to sell in a different (domestic) country.
II. Export: it involves the sales of goods produced in a domestic country to a foreign country.
Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.
Under globalization, a fiscal investor refers to an independent business that facilitates or enhances foreign exchange trades between two or more countries.
This ultimately implies that, fiscal investors are institutions or business firms that make it possible for foreign exchange to take place with respect to the buying and selling of goods and services between countries.
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: Claimjumper Makeover Total Sales $ 110,000 $ 55,000 $ 165,000 Variable expenses 27,400 5,600 33,000 Contribution margin $ 82,600 $ 49,400 132,000 Fixed expenses 93,840 Net operating income $ 38,160 Required: 1. What is the overall contribution margin (CM) ratio for the company? 2. What is the company's overall break-even point in dollar sales? 3. Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales for the two products.
Answer:
1. Overall contribution margin ratio for the company = 80%
2. Company's overall breakeven point in dollar sales = $117,300
3. Net operating income = $0
Explanation:
1. What is the overall contribution margin (CM) ratio for the company?
Overall contribution margin ratio for the company = (Total contribution margin / Total sales) * 100 = ($132,000 / $165,000) * 100 = 80%
2. What is the company's overall break-even point in dollar sales?
Company's overall breakeven point in dollar sales = Fixed cost / Contribution margin ratio = $93,840 / 80% = $117,300
3. Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales for the two products.
Note: See Part 3 of the attached excel file for the contribution format income statement at the company's break-even point that shows the appropriate levels of sales for the two products.
From the Part 3 of the attached excel file, we have:
Net operating income = $0
Balmforth Products, Inc. makes and sells a single product called a Bik. It takes three yards of Material A to make one Bik. Budgeted production of Biks for the next five months is as follows:
February 14,000 units
March 15,500 units
April 11,900 units
May 12,600 units
June 14,500 units
The company wants to maintain monthly ending inventories of material A equal to 10% of the following month's production needs. On March 31, this target had not been met since only 1,500 yards of material A were on hand. The cost of Material A is $0.80 per yard. The company wants to prepare a Direct Materials Purchases Budget. The desired ending inventory for June is:____.
Answer:
the desired ending inventory for JUne is 4,350 yards
Explanation:
the computation of the desired ending inventory for JUne is shown below;
= June production × given percentage × number of yards taken
= 14,500 units × 10% × 3 yards
= 4,350 yards
Hence, the desired ending inventory for JUne is 4,350 yards
The same should be considered and relevant
Decision tree probabilities are primarily used to a.find overlooked choices to the problem. b.analyze more complex problems and to identify an optimal sequence of decisions. c.analyze less complex problems while identifying the optimal sequence of decisions. d.None of these choices are correct.
Answer:
b.analyze more complex problems and to identify an optimal sequence of decisions.
Explanation:
The probabilities of the decision tree should be applied in order to have an analyse for more problems that are complex in nature also it helps in identifying the optimal sequence for the decisions
So as per the given scenario, the option b is correct
And, the remaining of the options seems wrong
b. Analyze more complex problems and to identify an optimal sequence of decisions.
It is advisable to use the decision tree's probability to analyze more complicated problems because they aid in determining the best order for making judgments.
Therefore, based on the scenario stated, option b is appropriate.
Additionally, the remaining solutions seem flawed.
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Retained earnings, December 31, 2012 $311,900 Â
Cost of equipment purchased during 2013 30,000 Â
Net loss for the year ended December 31, 2013 4,550 Â
Dividends declared and paid in 2013 15,200 Â
Decrease in cash balance from January 1, 2013, to December 31, 2013 12,800 Â
Decrease in long-term debt in 2013 15,900 Â
Required:
From the above data, calculate the retained earnings balance as of December 31, 2013. (Negative amounts should be indicated by a minus sign.)
Answer:
Retained earnings balance as of December 31, 2013
Particulars Amount ($)
Retained Earnings Dec 31, 2012 311,900
Less: Net Loss for the Year 4,550
Less: Dividend declared and paid in 2013 15,200
Retained Earnings Dec 31, 2013 $292,150
Hartford, Inc. manufactures a single product. Shown are projected revenues and costs based on last year's income statement (8,000 units) and practical capacity (10,000 units). The costs are either variable, fixed, or mixed (part variable and part fixed.) You need to figure out what the cost type is based on the cost behavior.Last Year(8,000 units) Practical Capacity(10,000 units) Total Per Unit Total Per UnitRevenue $800,000 $100.00 $1,000,000 $100.00Costs: Direct Material $200,000 $25.00 $250,000 $25.00Direct Labor $160,000 $20.00 $200,000 $20.00Mfg. Overhead $180,000 $22.50 $200,000 $20.00Selling Expenses $40,000 $5.00 $50,000 $5.00Admin. Expenses $50,000 $6.25 $50,000 $5.00Total Costs $630,000 $78.75 $750,000 $75.00Pre-Tax Profit $170,000 $250,000 RequiredAssume that Hartford expects to sell the same number of units as last year in their normal distribution channels (8,000 units). They have received an offer from a one-time customer (not part of their normal customer mix) to buy 1,000 units (additional to their expected normal sales) at a price of $71. By how many dollars would pre-tax profit increase or decrease if Hartford accepts the special order? (9 points)
Answer:
Hartford, Inc.
If Hartford accepts the special order, the pre-tax profit would increase by
= $21,000.
Explanation:
a) Data and Calculations:
Production and sales capacity last year = 8,000 units
Practical capacity = 10,000 units
Last Year Practical Capacity
(8,000 units) (10,000 units)
Total Per Unit Total Per Unit
Revenue $800,000 $100.00 $1,000,000 $100.00
Costs:
Direct Material $200,000 $25.00 $250,000 $25.00
Direct Labor $160,000 $20.00 $200,000 $20.00
Mfg. Overhead $180,000 $22.50 $200,000 $20.00
Selling Expenses $40,000 $5.00 $50,000 $5.00
Admin. Expenses $50,000 $6.25 $50,000 $5.00
Total Costs $630,000 $78.75 $750,000 $75.00
Pre-Tax Profit $170,000 $250,000
Variable cost per unit $50.00 $50.00
Fixed cost $230,000 $250,000
Sales revenue from the one-time customer = $71,000
Variable cost per unit 50,000
Additional pre-tax profit (increase) $21,000
Exercise 4-10 Preparing adjusting and closing entries for a merchandiser LO P3 The following list includes selected permanent accounts and all of the temporary accounts from the December 31 unadjusted trial balance of Emiko Co., a business owned by Kumi Emiko. Emiko Co. uses a perpetual inventory system. Debit Credit Merchandise inventory $ 40,000 Prepaid selling expenses 7,600 Dividends 53,000 Sales $ 609,000 Sales returns and allowances 21,500 Sales discounts 7,000 Cost of goods sold 252,000 Sales salaries expense 68,000 Utilities expense 25,000 Selling expenses 46,000 Administrative expenses 125,000 Additional Information Accrued and unpaid sales salaries amount to $1,800. Prepaid selling expenses of $2,900 have expired. A physical count of year-end merchandise inventory is taken to determine shrinkage and shows $34,700 of goods still available. (a) Use the above account balances along with the additional information, prepare the adjusting entries. (b) Use the above account balances along with the additional information, prepare the closing entries.
Answer:
Kumi Emiko Co.
a) Adjusting Journal Entries:
Debit Sales Salaries expense $1,800
Credit Sales Salaries Payable $1,800
To record accrued sales salaries.
Debit Selling expense $2,900
Credit Prepaid selling expense $2,900
To record expired selling expense.
Debit Cost of goods sold $5,300
Credit Merchandise Inventory $5,300
To record determined shrinkage in merchandise inventory.
b) Closing Journal Entries:
Debit Sales revenue $ 609,000
Credit Sales returns and allowances $21,500
Credit Sales discounts $7,000
Credit Income summary $580,500
To close the net sales revenue to the income summary.
Debit Income Summary $526,000
Debit:
Cost of goods sold $257,300
Sales salaries expense 69,800
Utilities expense 25,000
Selling expenses 48,900
Administrative expenses 125,000
To close cost of goods sold and expenses to the income summary.
Debit Income Summary $54,500
Credit Retained Earnings $54,500
To close the income summary to retained earnings.
Debit Retained Earnings $53,000
Credit Dividends $53,000
To close the dividend to retained earnings.
Explanation:
a) Data and Calculations:
Debit Credit
Merchandise inventory $ 40,000
Prepaid selling expenses 7,600
Dividends 53,000
Sales $ 609,000
Sales returns and allowances 21,500
Sales discounts 7,000
Cost of goods sold 252,000
Sales salaries expense 68,000
Utilities expense 25,000
Selling expenses 46,000
Administrative expenses 125,000
Analysis of additional Information:
Sales Salaries expense $1,800 Sales Salaries Payable $1,800
Selling expense $2,900 Prepaid selling expense $2,900
Cost of goods sold $5,300 Merchandise Inventory $5,300
Adjusted accounts:
Debit Credit
Merchandise inventory $ 34,700
Prepaid selling expenses 4,700
Dividends 53,000
Sales Salaries Payable 1,800
Sales $ 609,000
Sales returns and allowances 21,500
Sales discounts 7,000
Cost of goods sold 257,300
Sales salaries expense 69,800
Utilities expense 25,000
Selling expenses 48,900
Administrative expenses 125,000
Merchandise inventory: A. Is a long-term asset. B. Is a current asset. C. Includes supplies. D. Is classified with investments on the balance sheet. E. Must be sold within one month.
Merchandise Inventory is classified into the financial statements of a company as a current asset.
What is a current asset?The kind of asset whose benefits are fully utilized by the company within a year and do not last for more than a year in the company's financial statements are known as current assets.
Hence, option B states about current assets.
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as students, what plan can you suggest to prevent the spread of these observable practices in your community
Answer:
[tex]\\ \dashrightarrow \:\bf \red{ ( 0.2×336)× (t-30) = (0.5×4.2×10³×30)}[/tex]
