DS Unlimited has the following transactions during August. August 6 Purchases 60 handheld game devices on account from GameGirl, Inc., for $150 each, terms 3/10, n/60. August 7 Pays $350 to Sure Shipping for freight charges associated with the August 6 purchase. August 10 Returns to GameGirl four game devices that were defective. August 14 Pays the full amount due to GameGirl. August 23 Sells 40 game devices purchased on August 6 for $170 each to customers on account. The total cost of the 40 game devices sold is $6,070.00. Required: Record the transactions of DS Unlimited, assuming the company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to 2 decimal places.)

Answers

Answer 1

DS Unlimited uses a perpetual inventory system, which means that the company keeps a continuous record of inventory levels and updates them with each transaction. Below are the transactions and corresponding journal entries for August.

August 6: Purchases 60 handheld game devices on account from GameGirl, Inc., for $150 each, terms 3/10, n/60.

Inventory 9,000 (60 x $150)
Accounts Payable 8,820 ($9,000 - $180 discount)

August 7: Pays $350 to Sure Shipping for freight charges associated with the August 6 purchase.

Freight-In 350
Cash 350

August 10: Returns to GameGirl four game devices that were defective.

Accounts Payable
600 ($150 x 4)
Inventory 600

August 14: Pays the full amount due to GameGirl.

Accounts Payable 8,220 ($8,820 - $600 returned)
Cash 8,220

August 23: Sells 40 game devices purchased on August 6 for $170 each to customers on account. The total cost of the 40 game devices sold is $6,070.00.

Accounts Receivable 6,800 (40 x $170)
Sales 6,800
Cost of Goods Sold 6,070
Inventory 6,070

In summary, DS Unlimited purchased 60 game devices for $9,000, returned 4 defective devices for $600, and sold 40 devices for $6,800. The total cost of goods sold for the 40 devices was $6,070. With a perpetual inventory system, the company can track inventory levels and cost of goods sold in real time, which is useful for managing cash flow and making informed business decisions.

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Related Questions

The SEC regulations on Fair Disclosure are designed to prevent ______

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The SEC regulations on Fair Disclosure, also known as Regulation FD, are designed to prevent selective disclosure of material non-public information by publicly traded companies.

Regulation FD aim to ensure that all investors have equal access to important company information, promoting transparency and fairness in the financial markets.
Regulation FD mandates that when a company discloses material non-public information, it must do so broadly and simultaneously to all investors. This can be achieved through press releases, SEC filings, or publicly accessible conference calls and webcasts. By leveling the playing field for all investors, the SEC seeks to prevent insider trading and maintain the integrity of the markets.
In summary, the SEC's Fair Disclosure regulations protect investors by ensuring equal access to material non-public information, preventing selective disclosure, and promoting transparency and fairness within financial markets.

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an organization's vision and strategic plan is created by and then implemented by . multiple choice question. leaders; managers managers; leaders managers; supervisors supervisors; nonsupervisory employees

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An organization's vision and strategic plan are created by leaders and then implemented by managers. While supervisors and nonsupervisory employees may also play a role in implementing the plan, it is the leaders and managers who have primary responsibility.



Creating a vision and strategic plan requires the input of leaders within the organization. Leaders are individuals who hold executive positions within the organization and have significant decision-making authority. They are responsible for developing the vision and strategic plan and ensuring that it aligns with the organization's overall mission and objectives. Leaders are also responsible for communicating the vision and strategic plan to other stakeholders within the organization.



Once the vision and strategic plan are created, managers within the organization play a crucial role in implementing them. Managers are individuals who have supervisory responsibilities and oversee the day-to-day operations of the organization.

They are responsible for ensuring that the actions outlined in the strategic plan are carried out effectively and efficiently. Managers are also responsible for communicating the vision and strategic plan to their teams and motivating them to achieve the goals outlined in the plan. Correct answer is "leaders and managers"

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The current bid and ask price quotes for a non-dividend paying common stock are observed as $9.75 and $10.00, respectively, and the continuously compounded risk-free rate is 4.0% per year for lending and 4.5% per year for borrowing over a nine-month horizon. Based on these inputs, determine the range of nine- month futures prices over which the no-arbitrage condition in the stock market would not be violated.

Answers

To determine the range of nine-month futures prices over which the no-arbitrage condition in the stock market would not be violated, we need to use the cost-of-carry model.

The cost-of-carry model states that the futures price of a stock should be equal to the spot price plus the cost of carry, which is the interest earned on the spot price minus the interest paid on the futures price.

Using this formula, we can calculate the cost of carrying as follows:

Cost of carry = (r + s - q) x T

Where r is the risk-free rate for lending, s is the storage cost (which is assumed to be zero for a non-perishable asset like a stock), q is the dividend yield (which is assumed to be zero for a non-dividend paying stock), and T is the time horizon (in years).

Plugging in the given values, we get:

Cost of carry = (0.04 - 0 - 0) x (9/12) = 0.03

Now we can calculate the futures price using the cost-of-carry model:

Futures price = Spot price + Cost of carrying
Futures price = $10.00 + 0.03
Futures price = $10.03

So the futures price should be $10.03 to satisfy the no-arbitrage condition.

However, we need to determine the range of futures prices over which the no-arbitrage condition would not be violated. To do this, we can use the following formula:

Futures price = Spot price x e^(rT)

Where e is the exponential function and r is the risk-free rate for borrowing.

Plugging in the given values, we get:

Futures price = $10.00 x e^(0.045 x (9/12))
Futures price = $10.16

So the upper limit of the range of futures prices is $10.16.

To calculate the lower limit, we can use the same formula but with the risk-free rate for lending:

Futures price = $10.00 x e^(0.04 x (9/12))
Futures price = $10.13

So the lower limit of the range of futures prices is $10.13.

Therefore, the range of nine-month futures prices over which the no-arbitrage condition in the stock market would not be violated is between $10.13 and $10.16.

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The first step in the strategic brand management process is ________.
A) measuring consumer brand loyalty
B) identifying and establishing brand positioning
C) planning and implementing brand marketing
D) measuring and interpreting brand performance
E) growing and sustaining brand value

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The first step in the strategic brand management process is identifying and establishing brand positioning.

Brand positioning is the foundation of strategic brand management. It involves identifying the unique selling proposition of the brand and determining how it will differentiate itself from its competitors in the market. This involves analyzing the target audience, the competitive landscape, and the brand's strengths and weaknesses. Once brand positioning is established, it can guide all aspects of brand management, including product development, marketing communications, and customer experience. The other options listed, such as measuring consumer brand loyalty or interpreting brand performance, come later in the brand management process and build on the foundation of brand positioning.

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When using WACC, the correct number is the: a. pre-tax cost of debt, because it is the actual rate the firm is paying bondholders. O b. b. post-tax cost of debt, because dividends are tax-deductible. c. post-tax cost of debt, because interest is tax-deductible. Jelly's corporation wants to have a weighted average cost of capital of 9.5 percent. The firm has an after-tax cost of debt of 6.5 percent and a cost of equity of 12.75 percent. a What debt-equity ratio is needed for the firm to achieve its targeted weighted average cost of capital? a. 0.84 O b. 1.08 O c. 0.92

Answers

When using WACC, the correct number is the post-tax cost of debt, because interest is tax-deductible. The debt-equity ratio needed for Jelly's corporation to achieve its targeted weighted average cost of capital is 0.92.

To calculate the debt-equity ratio needed for Jelly's corporation to achieve its targeted weighted average cost of capital, we can use the formula:

WACC = (E/V) x Re + (D/V) x Rd x (1 - Tc)

Where:
E = market value of equity
D = market value of debt
V = total value of the firm (E + D)
Re = cost of equity
Rd = cost of debt
Tc = corporate tax rate

We know that the targeted WACC is 9.5 percent, the after-tax cost of debt (Rd) is 6.5 percent, and the cost of equity (Re) is 12.75 percent. We also know that the corporate tax rate (Tc) is not given.

To solve for the debt-equity ratio, we need to rearrange the formula:

D/E = [(Re - Rf) / (Rd x (1 - Tc))]

Where:
Rf = risk-free rate

Since the risk-free rate is not given, we cannot solve for the debt-equity ratio directly. However, we can make an assumption about the risk-free rate and calculate the debt-equity ratio based on that assumption.

Let's assume that the risk-free rate is 2.5 percent (which is a typical rate for long-term government bonds). We also know that the cost of equity (Re) is 12.75 percent. Using these values, we can calculate the equity risk premium (Re - Rf) as:

Equity risk premium = Re - Rf = 12.75% - 2.5% = 10.25%

Now we need to make an assumption about the corporate tax rate (Tc). Let's assume that the corporate tax rate is 35 percent (which is the federal tax rate for many US corporations). Using this assumption, we can calculate the debt-equity ratio as:

D/E = [(Re - Rf) / (Rd x (1 - Tc))] = [(12.75% - 2.5%) / (6.5% x (1 - 0.35))] = 0.92

Therefore, the debt-equity ratio needed for Jelly's corporation to achieve its targeted weighted average cost of capital is 0.92 (option c).

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The number of developers has increased from 7 to 14. Now the Daily Scrums do not fit in 15 minutes. What's the best response to this problem?

Answers

Answer:

Explanation:When the size of the team increases, it's common for the Daily Scrum meetings to take longer than 15 minutes. In this situation, here are a few suggestions to address the problem:

Stick to the time-box: One of the goals of the Daily Scrum is to keep the team focused and aligned, and it should not take more than 15 minutes to achieve that. As a Scrum Master, you should encourage the team to stick to the time-box and find ways to make the meeting more efficient.

Split the team: If the team is too large to fit in a single Daily Scrum, consider splitting it into smaller groups. For example, you can divide the team based on their expertise or the feature they're working on. Each group can have their own Daily Scrum and then report the status to the larger group.

Adjust the format: Another option is to adjust the format of the Daily Scrum to make it more efficient. For example, you can ask each team member to provide a written update in advance, so the meeting can focus on addressing blockers or discussing the most critical items.

Schedule additional meetings: If the team is still struggling to fit everything into a 15-minute meeting, consider scheduling additional meetings to address specific topics. For example, you can have a separate meeting to discuss technical issues or a backlog refinement session to prioritize the work.

Ultimately, the best response will depend on the specific needs and circumstances of the team. As a Scrum Master, you should work with the team to find the most efficient and effective way to conduct the Daily Scrum meetings while keeping everyone aligned and focused on the sprint goals.

suppose the economy is in long-run equilibrium. if the government increases its expenditures, eventually the increase in aggregate demand causes price expectations to a. fall. this fall in price expectations shifts the short-run aggregate supply curve to the right.

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When the government increases its expenditures, it leads to an increase in aggregate demand. This increase in demand causes prices to rise in the short-run, but in the long-run, the increased demand causes firms to increase production and investment. As a result, the economy eventually returns to its long-run equilibrium level of output and employment.

However, if the increase in government spending is sustained over time, the higher level of demand may cause people to expect higher prices in the future. This can lead to an increase in price expectations, which can cause the short-run aggregate supply curve to shift to the left. This shift reflects the fact that firms expect higher prices and, as a result, are less willing to produce at the current level of prices.
Conversely, if the increase in government spending is temporary, the impact on price expectations may be limited. In this case, the short-run aggregate supply curve may shift to the right as firms respond to the increased demand and production levels. This shift can lead to a temporary increase in output and employment, but the long-run equilibrium level of output and employment will remain unchanged.
In summary, the impact of government spending on price expectations and the short-run aggregate supply curve depends on the duration and sustainability of the spending. A sustained increase in spending can lead to higher price expectations and a leftward shift in the short-run aggregate supply curve, while a temporary increase in spending may cause the short-run aggregate supply curve to shift to the right.

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We are testing a quadratic and are unsure whether the curvature would be negative or positive. Which of the following is FALSE:We are testing a quadratic and are unsure whether the curvature would be negative or positive. Which of the following is FALSE:the alternative hypothesis is that the beta does not equal zeroStatistix 10 software runs a two-tailed test by defaultwe don't know which direction the relationship might bewe will need to divide the p-value by two

Answers

We are testing a quadratic and are unsure whether the curvature would be negative or positive.

Among the given statements, the FALSE one is "we will need to divide the p-value by two."

Here is an explanation of each statement:

1. "The alternative hypothesis is that the beta does not equal zero" - This is TRUE.

The alternative hypothesis tests whether the coefficient (beta) is significantly different from zero, implying there is a relationship.

2. "Statistix 10 software runs a two-tailed test by default" - This is TRUE. A two-tailed test checks for the possibility of a relationship in

both directions (positive or negative) and is the default setting in Statistix 10.

3. "We don't know which direction the relationship might be" - This is TRUE. In a two-tailed test, we are uncertain about the direction of the relationship,

so we test for both positive and negative relationships.

4. "We will need to divide the p-value by two" - This is FALSE. In a two-tailed test, we do not need to divide the p-value by two,

as it already considers both tails (directions) of the distribution. The calculated p-value is already appropriate for a two-tailed test.

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Mitch, a single taxpayer, earns $100,000 in taxable income and $10,000 in interest from an investment in the city of Birmingham Bonds. Using the U.S. tax rate schedule for year 2018, how much federal tax will he owe?
$22,000$18,289.50$13,879$24,000None of the choices are correct.

Answers

The closest answer choice to this amount is $22,000. None of the other choices are correct.

Based on the information provided, Mitch's total taxable income is $110,000 ($100,000 in taxable income + $10,000 in interest income).

Using the U.S. tax rate schedule for 2018, we can determine the amount of federal tax he owes.

- The first $9,525 of Mitch's income is taxed at a rate of 10%, which equals $952.50.
- The next $29,175 ($38,700 - $9,525) of Mitch's income is taxed at a rate of 12%, which equals $3,501.
- The next $43,550 ($82,250 - $38,700) of Mitch's income is taxed at a rate of 22%, which equals $9,581.
- The remaining $27,750 ($110,000 - $82,250) of Mitch's income is taxed at a rate of 24%, which equals $6,660.

Adding up these amounts, Mitch's total federal tax owed for the year is $20,695.50.

Therefore, the closest answer choice to this amount is $22,000. None of the other choices are correct.

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Unit operating expenses for an item costing $94 are estimated at 30% of cost, and the desired operating profit is 20% of cost. a. Determine the selling price. (Do not round intermediate calculations and round your final answer to 2 decimal places.) Selling price b. Determine the rate of markup on cost. (Do not round intermediate calculations and round your final answer to 1 decimal place.) Markup on cost c. Determine the rate of markup on selling price. (Do not round intermediate calculations and round your final answer to 1 decimal place.) Markup on selling price

Answers

a. Selling price cannot be determined.

b. Markup on cost is 20%.

c. Markup on S.P. cannot be determined.

a. The operating expenses for the item would be 30% of $94, which is $28.20. The desired operating profit is 20% of $94, which is $18.80. So the total cost for the item would be

$94 + $28.20 + $18.80 = $141.

The selling price can be determined by adding the cost and profit together, which gives us

$141 + ($141 x markup on selling price).

Since the markup on selling price is not given, we cannot calculate the selling price.

b. To determine the rate of markup on cost, we need to divide the profit by the cost. So the markup on cost would be ($18.80/$94) x 100% = 20%.

Therefore, the rate of markup on cost is 20%.

c. To determine the rate of markup on selling price, we need to divide the profit by the selling price. Since the selling price is not given, we cannot calculate the markup on selling price.

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Patricia purchased a home on January 1, 2017, for $1,410,000 by making a down payment of $100,000 and financing the remaining $1,310,000 with a loan, secured by the residence, at 6 percent. From 2017 through 2021, Patricia made interest-only payments on the loan each year in the amount of $78,600. What amount of the $78,600 interest expense that Patricia paid during 2021 may she deduct as an itemized deduction? (Assume not married filing separately.)

Answers

The interest expense that Patricia paid during 2021 may she deduct as an itemized deduction is $78,600.

Patricia purchased a home for $1,410,000 with a down payment of $100,000 and financed the remaining $1,310,000 with a loan at 6 percent interest. For 5 years she made interest-only payments of $78,600 each. You want to know the amount of the $78,600 interest expense paid during 2021 that Patricia may deduct as an itemized deduction (assuming not married filing separately).

Patricia may deduct the entire $78,600 interest expense paid during 2021 as an itemized deduction. Here's the step-by-step explanation:

1. Patricia took a loan of $1,310,000 at 6% interest.
2. She made interest-only payments every year, which amount to $78,600 (6% of $1,310,000).
3. For the tax year 2021, Patricia made another interest payment of $78,600.
4. As the mortgage interest expense is an itemized deduction and Patricia is not married filing separately, she can deduct the entire $78,600 interest expense on her 2021 tax return.

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150. To be ready for career opportunities, successful people develop career plans and then take action to achieve those plans. True False

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True. To be ready for career opportunities, successful people often develop career plans and then take action to achieve those plans. Career planning involves setting specific goals, identifying the necessary skills and knowledge.

A career plan is a set of goals and actions that an individual develops to guide their career path. It includes a self-assessment of skills, interests, and values, as well as research on career options and job market trends. Once a career plan is in place, individuals can take specific steps to achieve their goals, such as pursuing education or training, seeking mentorship or networking opportunities, and seeking out relevant work experiences. By being proactive and taking deliberate steps towards their career goals, successful people can position themselves for career opportunities and advancement.

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Ashley Travis, of Harrisburg, Illinois, is in the 25 percent marginal tax bracket and is considering the tax consequences of investing $1,850 at the end of each year for 30 years in a tax-sheltered retirement account, assuming that the investment earns 8 percent annually. a. How much will Ashley's account total over 30 years if the growth in the investment remains sheltered from taxes? (Hint: Use Appendix A-3 or the Garman/Forgue companion website.) Round Future Value of a Series of Equal Amounts in intermediate calculations to four decimal places. Round your answer to the nearest dollar. b. How much will the account total if the investments are not sheltered from taxes? (Hint: Use Appendix A-3 or the Garman/Forgue companion website.) Round Future Value of a Series of Equal Amounts in intermediate calculations to four decimal places. Round your answer to the nearest dollar.

Answers

If the investments are not sheltered from taxes, the account will total approximately $165,223 after 30 years.

a. To calculate the future value of the tax-sheltered investment, we'll use the future value of an annuity formula: FV = P * [(1 + r)^n - 1] / r, where P is the annual investment, r is the annual interest rate, and n is the number of years.

For Ashley's tax-sheltered investment:
P = $1,850
r = 0.08
n = 30

FV = 1850 * [(1 + 0.08)^30 - 1] / 0.08
FV ≈ $226,575 (rounded to the nearest dollar)

So, Ashley's tax-sheltered account will total approximately $226,575 after 30 years.

b. For the non-tax-sheltered account, we'll use the after-tax interest rate (r') which can be calculated as r' = r * (1 - tax rate).

For Ashley's non-tax-sheltered investment:
Tax rate = 25% or 0.25
r' = 0.08 * (1 - 0.25) = 0.06

FV = 1850 * [(1 + 0.06)^30 - 1] / 0.06
FV ≈ $165,223 (rounded to the nearest dollar)
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using net book value (instead of gross cost) to calculate average operating assets ____ . multiple choice question. increases roi over time encourages new investment has no effect on roi

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When calculating ROI (Return on Investment), the formula is generally expressed as a percentage, dividing the net income by the average operating assets. The average operating assets are calculated by taking the sum of the beginning and ending assets and dividing by two.

The use of net book value (NBV) instead of gross cost when calculating average operating assets will have an impact on ROI. Net book value is the current value of an asset minus any accumulated depreciation or impairment.

If NBV is used instead of gross cost, it will reduce the value of assets on the balance sheet. This can have a positive impact on ROI over time, as the depreciation expense is recognized over the useful life of the asset, leading to lower asset values and therefore lower average operating assets. This will increase the ROI calculation over time as the numerator (net income) remains relatively constant, while the denominator (average operating assets) decreases.

Using NBV may also encourage new investment as it will make the ROI of new investments appear more attractive, leading to a higher likelihood of investment decisions being made.

Therefore, the answer to the multiple-choice question is that using net book value to calculate average operating assets increases ROI over time.

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6. Allan Merchants uses machine-hours as the only overhead cost-allocation base and allocates manufacturing overhead costs based on budgeted rate. The following data has been provided for the year 2021: the direct cost rate for one of the products is $7 per unit, and the selling price of the product is $28. Other information for 2021 include: the budgeted manufacturing overhead costs are $259031; and budgeted machine hours are 38335; and the actual manufacturing overhead costs are $331420 and actual machine hours are 40182. Compute the percentage of profit margin earned if each unit of the product requires 2 machine-hours?

Answers

The manufacturing overhead budget and an overhead cost allocation base is used by Allan Merchants. The percentage of profit margin earned,has computed to be of 50.86% for the year 2021 as every unit produced requires 2 machine hours.

Using the budgeted rate, we can calculate the budgeted manufacturing overhead rate per machine-hour as follows:

Budgeted manufacturing overhead rate per machine-hour = Budgeted manufacturing overhead costs / Budgeted machine hours

= $259,031 / 38,335

= $6.76 per machine-hour

We can then calculate the total manufacturing overhead costs based on the actual machine hours used:

Total manufacturing overhead costs = Actual machine hours * Budgeted manufacturing overhead rate per machine-hour

= 40,182 * $6.76

= $271,606.32

Next, we can calculate the total cost per unit of the product:

Total cost per unit = Direct cost rate + Manufacturing overhead rate

= $7 + $6.76

= $13.76 per unit

Finally, we can calculate the profit margin per unit:

Profit margin per unit = Selling price - Total cost per unit

= $28 - $13.76

= $14.24 per unit

Since each unit of the product requires 2 machine-hours, the profit margin percentage would be:

Profit margin percentage = (Profit margin per unit / Selling price) * 100%

= ($14.24 / $28) * 100%

= 50.86%

Therefore, the percentage of profit margin earned is 50.86%.

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________ is one of the four factors used when deciding whether to use independent sales people.

Answers

Compensation is one of the four factors used when deciding whether to use independent sales people. Compensation refers to how independent salespeople will be paid for their services.

It is important to consider compensation when deciding whether to use independent salespeople because it can affect the quality of sales and the motivation of salespeople.

One of the advantages of using independent salespeople is that they are typically paid on a commission basis, which means they are motivated to sell more and generate more revenue. However, it is important to consider the compensation structure carefully and ensure that it is fair and reasonable for both the company and the salespeople.

Other factors that are typically considered when deciding whether to use independent salespeople include control, risk, and expertise. Control refers to the amount of control the company has over the salespeople, including their sales strategies and customer interactions. Risk refers to the level of risk the company is willing to assume by using independent salespeople instead of hiring employees. Expertise refers to the knowledge and skills required for the sales role, and whether independent salespeople have the necessary expertise to sell the company's products or services effectively.

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as discussed in the lectures, researchers (dutton and aron) had interviewers approach men crossing bridges in a scenic state park, ask them to complete questionnaires, and give them their phone numbers in case the men wanted to call them. results showed that participants were most likely to call the interviewer if they had been interviewed by a

Answers

According to the research conducted by Dutton and Aron, interviewers approached men crossing bridges in a scenic state park and asked them to complete questionnaires while giving them their phone numbers in case they wanted to call them.

The results showed that participants were more likely to call the interviewer if they had been interviewed by an attractive female interviewer.

This phenomenon is known as the "misattribution of arousal," where individuals mistake their physiological arousal caused by the bridge crossing for romantic attraction towards the interviewer.

Therefore, they are more likely to contact the attractive interviewer because they associate their heightened arousal with the person they were interacting with during the bridge crossing. This study highlights the powerful influence of emotions on decision-making and how physiological responses can lead individuals to make irrational choices.

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11) list the mfr id, the product id, company and price of all products bought by customers where customer number is one of (2111,2112,2105,2119) and where the amount of the order > $3000. order the results by ascending company. duplicate row are not allowed.

Answers

To retrieve the mfr id, product id, company, and price of products bought by customers with customer numbers 2111, 2112, 2105, and 2119, where the order amount is greater than $3000 and duplicate rows are not allowed, the following SQL query can be used:


SELECT DISTINCT products.mfr_id, products.product_id, companies.company, orders.price
FROM orders
JOIN customers ON orders.customer_id = customers.customer_id
JOIN products ON orders.product_id = products.product_id
JOIN companies ON products.company_id = companies.company_id
WHERE customers.customer_id IN (2111, 2112, 2105, 2119) AND orders.amount > 3000
ORDER BY companies.company ASC;


This query joins the orders, customers, products, and companies tables together, selecting only the columns that are needed. The WHERE clause filters the results to only include orders from the specified customers with order amounts greater than $3000, and the DISTINCT keyword ensures that only unique rows are returned. Finally, the ORDER BY clause orders the results by company name in ascending order.

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We need to look at the orders table and join it with the products table to retrieve the mfr id, product id, company, and price of the products bought by customers.

We will filter the results based on the customer number and order amount criteria, and then order them by ascending company.

Here's the SQL query that will give us the desired result:

SELECT DISTINCT p.mfr_id, p.product_id, p.company, p.price
FROM orders o
JOIN products p ON o.product_id = p.product_id
WHERE o.customer_number IN (2111,2112,2105,2119) AND o.amount > 3000
ORDER BY p.company ASC;

This query will return a list of all the products bought by customers with customer numbers 2111, 2112, 2105, or 2119 where the order amount was greater than $3000. The results will be ordered by ascending company, and duplicate rows will be removed using the DISTINCT keyword.

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In spite of the potential problems with local partners, many firms rush the process of partner selection because ________. A. they are anxious to get into an attractive market B. they mostly aim at increasing the number of equity shares within a short period of time C. they want to take advantage of the local partner's technological innovations D. they want to reduce the amount spent on establishing subsidiaries abroad

Answers

In spite of the potential problems with local partners, many firms rush the process of partner selection because they are anxious to get into an attractive market. The correct option is A.

This eagerness to enter a new market quickly can often lead firms to overlook important considerations, such as the compatibility of business practices, corporate culture, and long-term goals between the partnering companies. This may result in future conflicts or complications within the partnership.

However, the desire to capitalize on opportunities and establish a presence in a lucrative market often drives firms to prioritize speed over a thorough partner selection process.

While other factors, such as increasing equity shares, leveraging local partner's technology, or reducing subsidiary costs, may also be considered, the primary reason for rushing partner selection is often the anticipation of market gains and expansion possibilities.

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Complete question:

In spite of the potential problems with local partners, many firms rush the process of partner selection because ________.

A. they are anxious to get into an attractive market

B. they mostly aim at increasing the number of equity shares within a short period of time

C. they want to take advantage of the local partner's technological innovations

D. they want to reduce the amount spent on establishing subsidiaries abroad

which of the following statements regarding futures contract is most accurate? an agreement to buy or sell specified amount of an asset at todays spot price on the maturity date of the contract

Answers

The most accurate statement regarding a futures contract is: A futures contract is an agreement to buy or sell a specified amount of an asset at a predetermined price on the maturity date of the contract.

The statement that "an agreement to buy or sell a specified amount of an asset at today's spot price on the maturity date of the contract" is the most accurate description of a futures contract.

A futures contract is a standardized agreement to buy or sell an asset at a predetermined price on a future date. It is commonly used in financial markets for hedging or speculating on price movements.

An agreement refers to a mutual understanding or arrangement between two or more parties regarding a particular matter. It outlines the rights, responsibilities, and terms agreed upon by the involved parties, creating a binding contract or commitment.

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whats the answer???The marginal products of the first second, and third workers are 10, 8, and 6, respectively. The total product of three workers is Select one: a. 14 b. none C.6 d. 18 e. 24

Answers

The answer is e. 24.

To find the total product of three workers, we add up their products. The marginal product of each worker tells us how much output is added by that worker. So, the first worker adds 10 units of production, the second adds 8 units, and the third adds 6 units.

Adding these up:

10 + 8 + 6 = 24

Therefore, the total product of three workers is 24 units.

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Share-based plans typically are grouped into two major categories based on the conditions that must be met by employees in order to receive the benefits of the award. These categories are 1. executive plans. 2. performance-based plans. 3. market-based plans. 4. managerial plans.

Answers

Share-based plans are indeed categorized into different types based on the conditions that must be met by employees in order to receive the benefits of the award. The four major categories are executive plans, performance-based plans, market-based plans, and managerial plans.



Executive plans typically involve the award of shares to top executives in a company, such as the CEO or CFO. These awards may be based on a set number of shares or on a percentage of the company's equity, and they are often subject to vesting conditions or performance targets.

Performance-based plans, on the other hand, are designed to reward employees for achieving specific performance goals. These goals may be related to the company's financial performance, such as revenue or profit growth, or to individual or team performance, such as meeting sales targets or completing a project on time.

Market-based plans are typically used to align employee compensation with the performance of the company's stock or other market benchmarks. For example, employees may be awarded shares or stock options that vest only if the company's stock price meets certain targets.

Finally, managerial plans are often used to incentivize mid-level managers and other key employees. These plans may be structured similarly to executive or performance-based plans, but are often tailored to the specific needs and goals of the company's management team.

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Consider a money demand function (Y), where Y denotes output and i, denotes the nominal interest rate. Suppose that it = 3% and Y, – 100 for t=0,1,2,... Suppose further that the money supply, Mt grows at 1% for t = 0,1,2,... 1. What is the inflation rate in periods t = 1,2,3,...? Explain. 2. Assuming that agents have perfect foresight, what is the real interest rate for t = 1,2,...? Exercise 4. Consider an economy in which the nominal interest rate exceeds the real interest rate by 2 percentage points. Find the expected inflation rate.

Answers

1) In this scenario,  inflation rate for periods t = 1, 2, 3,... is also 1%. 2) real interest rate for t = 1, 2,... is 2%. Exercise 4)  expected inflation rate is equal to 2%. The money demand function (Y) depends on output and nominal interest rate it. It is given that nominal interest rate is 3% .

To find the inflation rate, we need to look at the relationship between money supply growth and inflation. According to the Quantity Theory of Money, the inflation rate is equal to the growth rate of money supply minus the growth rate of output. Since the money supply grows at 1% and output remains constant at 100, the inflation rate for periods t = 1, 2, 3,... is also 1%.

If agents have perfect foresight, they anticipate the inflation rate and adjust their expectations accordingly. The real interest rate can be calculated as the difference between the nominal interest rate and the expected inflation rate. In this case, the real interest rate for t = 1, 2,... is 3% (nominal interest rate) - 1% (inflation rate) = 2%.

In an economy where the nominal interest rate exceeds the real interest rate by 2 percentage points, we can use the Fisher equation to find the expected inflation rate. The Fisher equation states that the nominal interest rate equals the sum of the real interest rate and expected inflation rate. Thus, if the difference between nominal and real interest rates is 2%, the expected inflation rate is equal to the difference, which is 2%.

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evaluating lump sums and annuities: kristina just won the lottery, and she must choose among three award options. she can elect to recieve a lump sum today of $62 million, to reeive 10 end-of-year payments of 9.5 million, or to receive 30 end-of-year payments of $5.6 million. a. if she thinks she can earn 7% annually, which should she choose?

Answers

Based on the present values, Kristina should choose the option with the highest value, which is receiving 30 end-of-year payments of $5.6 million.

How to determine the value should be chosen

Based on the information provided, we can evaluate the three award options for Kristina using their present value, given a 7% annual interest rate.

a. Lump sum:

$62 million (This option doesn't require further calculation as she will receive the entire amount today.)

b. 10 end-of-year payments of $9.5 million:

To calculate the present value of this annuity, we use the annuity formula:

PV = P * [(1 - (1 + r)⁻ⁿ) / r]

Where PV is present value, P is the payment amount, r is the interest rate, and n is the number of payments.

PV = $9.5 million * [(1 - (1 + 0.07)⁻¹⁰) / 0.07]

PV ≈ $66.79 million

c. 30 end-of-year payments of $5.6 million:

Using the same annuity formula:

PV = $5.6 million * [(1 - (1 + 0.07)⁻³⁰) / 0.07]

PV ≈ $84.12 million

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ur ceo recently asked you to research how your company might use alexa to help increase efficiency with office procedures and management tasks. after doing some research and testing an alexa device on your own, you're ready to report your findings to the ceo. ceo: i've heard a lot about alexa, but i'm having trouble imagining how this will work. what did you find out? you: alexa and similar assistants are helpful because they rely on select so users can talk with the device instead of having to enter commands on a computer.

Answers

Alexa's ability to understand spoken commands and perform various office tasks can increase efficiency and streamline procedures. Security measures must be implemented for proper usage.

Scheduling and Calendar Management: Alexa can help employees manage their schedules by adding, modifying, or canceling meetings and appointments through voice commands. It can also provide reminders for upcoming events.

Information Retrieval: Alexa can serve as a virtual assistant, providing quick access to information such as company policies, FAQs, or employee contact details. Employees can simply ask Alexa questions, and it will provide relevant answers.

Task Management: Alexa can help employees manage their tasks and to-do lists. They can add tasks, set reminders, and even prioritize tasks through voice commands. This can assist in organizing workflow and improving productivity.

Document Management: Alexa can be integrated with document management systems, allowing employees to access, search, and retrieve documents using voice commands. It can also help with document creation, editing, and sharing.

Office Automation: Alexa can control various office devices and appliances, such as smart lights, thermostats, or projectors. Employees can use voice commands to adjust settings, turn devices on or off, and create customized office environments.

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Suppose a panel of economists is predicting that a nation's real GDP per capita will have an average annual growth rate of 2%. Based upon the Rule of 70, how many years will it take for this nation's real GDP per capita to double?
A.
35
B.
70
C.
140
D.
20
E.
50

Answers

B. 70 years.
The Rule of 70 is a quick way to estimate the number of years it takes for a variable to double, given its annual growth rate. To apply the rule, simply divide 70 by the annual growth rate. In this case, 70 divided by 2 equals 35, so it would take 35 years for the nation's real GDP per capita to double.


The Rule of 70 is a mathematical shortcut that helps to estimate the doubling time of a variable based on its growth rate. It assumes that the growth rate is constant over time, and it is derived from the mathematical equation for exponential growth. The formula for the Rule of 70 is:
Number of years to double = 70 / annual growth rate
For example, if a country's GDP is growing at an annual rate of 3%, the Rule of 70 predicts that it will take approximately 23.3 years (70 / 3) for the GDP to double. The Rule of 70 is a useful tool for understanding the impact of compound growth over time, but it should be noted that it is an approximation and may not be accurate for all scenarios.

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wheadon, davis, and singer formed a partnership with wheadon contributing $68,400, davis contributing $57,000 and singer contributing $45,600. their partnership agreement calls for the income (loss) division to be based on the ratio of capital investments. if the partnership had income of $96,000 for its first year of operation, what amount of income would be credited to singer's capital account?

Answers

The amount of income that would be credited to singer's capital account is $25,600.

To determine the amount of income credited to Singer's capital account:

1. Calculate the total capital investment in the partnership.

Wheadon: $68,400

Davis: $57,000

Singer: $45,600

Total capital investment = $68,400 + $57,000 + $45,600 = $171,000

2. Determine the income distribution ratio for each partner based on their capital investments.

Wheadon's ratio: $68,400 / $171,000

Davis's ratio: $57,000 / $171,000

Singer's ratio: $45,600 / $171,000

3. Allocate the partnership income based on the distribution ratios.

Partnership income: $96,000

Singer's share of income = Singer's ratio * Partnership income

Singer's share of income = ($45,600 / $171,000) * $96,000

Now, let's calculate Singer's share of income:

Singer's share of income = 0.2666667 * $96,000 ≈ $25,600

So, the amount of income that would be credited to Singer's capital account is approximately $25,600.

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Built-Tight is preparing its master budget. Budgeted sales and cash payments follow, July August September Budgeted sales $ 58,000 $ 74,000 $ 54,000 Budgeted cash payments for Direct materials 15,960 13,240 13,560 Direct labor 3,840 3,160 3,240 Overhead 20,000 16,600 17 , ᎾᎾᎾ . Sales to customers are 25% cash and 75% on credit Sales in June were $55,500. All credit sales are collected in the month following the sale. The June 30 balance sheet includes balances of $39,000 in cash and $4,800 in loans payable A minimum cash balance of $39.000 is required Loans are obtained at the end of any month when the preliminary cash balance is below $39,000 Interest is 1% per month based on the beginning of the month loan balance and is paid at each month-end Any preliminary cash balance above $39,000 is used to repay loans at month-end Expenses are paid in the month incurred and consist of sales commissions (10% of sales), office salaries ($3,800 per month), and rent ($6,300 per month)

Answers

To prepare the master budget for Built-Tight, we need to take into account the various components of the budget, including sales, production, and cash disbursements. Here's how we can approach it:

Budgeted cash collections for July, August, and September:July: (25% of $58,000) + (75% of $55,500) = $14,500 + $41,625 = $56,125August: (25% of $74,000) + (75% of $58,000) = $18,500 + $43,500 = $62,000September: (25% of $54,000) + (75% of $74,000) = $13,500 + $55,500 = $69,000

     2. Budgeted cash payments for July, August, and September:

Direct materials: $15,960 + $13,240 + $13,560 = $42,760Direct labor: $3,840 + $3,160 + $3,240 = $10,240Overhead: $20,000 + $16,600 + $17,000 = $53,600Sales commissions: 10% of budgeted sales = $5,800 + $7,400 + $5,400 = $18,600Office salaries: $3,800 x 3 months = $11,400Rent: $6,300 x 3 months = $18,900Total cash payments: $42,760 + $10,240 + $53,600 + $18,600 + $11,400 + $18,900 = $155,600

    3. Budgeted cash balance:

June 30 cash balance: $39,000Cash inflows for July, August, and September: $56,125 + $62,000 + $69,000 = $187,125Cash outflows for July, August, and September: $155,600Net cash increase: $31,525Ending cash balance: $39,000 + $31,525 = $70,525

    4.Budgeted financing activities:

No loans needed for July, since the preliminary cash balance is above the minimum of $39,000.August: $155,600 - $62,000 = $93,600 loan neededSeptember: $70,525 - $39,000 = $31,525 available to repay loans from AugustInterest on August loan: 1% x $93,600 = $936Ending loans payable balance for August: $93,600 + $936 = $94,536Interest on September loan: 1% x $94,536 = $945Ending loans payable balance for September: $94,536 + $945 - $31,525 = $63,956

These are the main calculations needed to prepare Built-Tight's master budget.

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During an engagement to review the financial statements of a nonpublic entity, an accountant becomes aware of a material departure from GAAP. If the accountant decides to modify the standard review report because management will not revise the financial statements, the accountant shouldA. Express negative assurance on the accounting principles that do not conform with GAAP.B. Disclose the departure from GAAP in a separate paragraph of the report.C. Issue an adverse or an "except for" qualified opinion, depending on materiality.D. Express positive assurance on the accounting principles that conform with GAAP.

Answers

C. Issue an adverse or an "except for" qualified opinion, depending on materiality.

If an accountant becomes aware of a material departure from GAAP, and management does not revise the financial statements, the accountant should modify the standard review report to include an adverse opinion or an "except for" qualified opinion, depending on materiality. An adverse opinion is issued when the departure from GAAP is so significant that it affects the overall fairness of the financial statements. An "except for" qualified opinion is issued when the departure from GAAP is not pervasive, but is material to specific amounts or disclosures in the financial statements. The accountant should also disclose the departure from GAAP in the report.

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Explain three methods used to allocate common costs betweenjoint products. Your answer should refer to the merits andweaknesses of each method

Answers

There are three main methods used to allocate common costs between joint products: the physical measure method, the market value method, and the net realizable value method.

Three methods used to allocate common costs between joint products:


1. Physical measure method: This method allocates common costs based on the relative weight or volume of each product produced. For example, if Product A weighs twice as much as Product B, then it will be allocated twice as much of the common costs. This method is simple and easy to apply, but it may not be accurate if the products have significantly different values or production processes.

2. Market value method: This method allocates common costs based on the relative selling prices of the joint products. For example, if Product A sells for $100 and Product B sells for $50, then the common costs will be allocated in proportion to these prices. This method reflects the economic value of the products, but it can be difficult to determine the market value of each product, especially if they are not sold in a competitive market.

3. Net realizable value method: This method allocates common costs based on the relative net realizable values of the joint products. Net realizable value is the estimated selling price minus the estimated cost of completion and disposal. For example, if Product A has a net realizable value of $80 and Product B has a net realizable value of $40, then the common costs will be allocated in proportion to these values. This method takes into account the costs required to complete and sell the products, but it can be subjective and depend on management's estimates.

Overall, each method has its own strengths and weaknesses. The physical measure method is simple but may not accurately reflect the economic value of the products. The market value method reflects the economic value but can be difficult to determine. The net realizable value method considers the costs of completion and disposal but can be subjective. The choice of method depends on the specific circumstances and the objectives of the cost allocation.

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