The early 19th-century American economy before 1840 was primarily an agricultural economy with small industries and trade activities in urban areas.
This economy was based on subsistence farming, with most people growing crops and raising animals to feed their families. The American economy during this period was characterized by the use of manual labor, low productivity, and low living standards. The Industrial Revolution had yet to take hold in America, and most of the work was done by hand.
The transformation of the American workplace during this period was significant. Technological innovations such as the cotton gin and the mechanical reaper increased productivity, and transportation improvements like the Erie Canal facilitated trade between the East Coast and the Midwest. This led to the growth of manufacturing industries and urbanization, as people moved to cities to take jobs in factories.
In the 1830s, the labor movement emerged in America, with workers demanding better working conditions and wages. This led to the formation of trade unions, which became more organized and powerful in the decades that followed. Workers also began to push for shorter workdays and safer working conditions.
Overall, the transformation of the American workplace during this period was driven by technological advancements, transportation improvements, and the demands of workers for better conditions and pay.
In conclusion, the early 19th-century American economy was characterized by agriculture and small-scale industries, but it was transformed by technological advancements and transportation improvements. The growth of manufacturing industries and the emergence of the labor movement led to significant changes in the American workplace.
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On April 1, 2024, Western Communications, Incorporated, issued 12% bonds, dated March 1, 2024, with face amount of $25 million.
The bonds sold for $24.3 million and mature on February 28, 2027.
Interest is paid semiannually on August 31 and February 28.
Stillworth Corporation acquired $25,000 of the bonds as a long-term investment.
The fiscal years of both firms end December 31, and both firms use the straight-line method.
Required:
Prepare the journal entries to record (a) issuance of the bonds by Western and (b) Stillworth’s investment on April 1, 2024.
Prepare the journal entries by both firms to record all events related to the bonds through maturity.
Req 1 Journal entry worksheet
Record the issuance of the bonds by Western Communications. April 01,2024
Record the bond investment by Stillworth Corporation. April 01,2024
Req 2 Western (1-10 Journal entrys)
Record interest expense for Western Communications.
Record interest expense for Western Communications.
Record interest expense for Western Communications.
Record interest expense for Western Communications.
Record interest expense for Western Communications.
Record interest expense for Western Communications.
Record interest expense for Western Communications.
Record interest expense for Western Communications.
Record interest expense for Western Communications.
Record the retirement of the bond by Western Communications.
Req 2 Stillworth (1-10 Journal entrys)
Record interest revenue for Stillworth Corporation.
Record interest revenue for Stillworth Corporation.
Record interest revenue for Stillworth Corporation.
Record interest revenue for Stillworth Corporation.
Record interest revenue for Stillworth Corporation.
Record interest revenue for Stillworth Corporation.
Record interest revenue for Stillworth Corporation.
Record interest revenue for Stillworth Corporation.
Record interest revenue for Stillworth Corporation.
General Journal Key
No journal entry required
Accounts payable
Accounts receivable
Accumulated depreciation
Allowance for uncollectible accounts
Bad debt expense
Bonds payable
Buildings
Cash
Common stock
Cost of goods sold
Depreciation expense
Discount on investment in bonds
Equipment
Income tax expense
Income tax payable
Interest expense
Interest payable
Interest receivable
Interest revenue
Inventory
Investment in bonds
Land
Notes payable
Notes receivable
Office equipment
Premium on bonds payable
Premium on investment in bonds
Retained earnings
Salaries expense
Salaries payable
Sales revenue
Record the receipt of the bond retirement proceeds by Stillworth Corporation.
The amount of a bond's retirement proceeds that Stillworth Corporation has received is a recordable item. On April 1, 2024, Western Communications, Incorporated issued 12 percent bonds with a face value of $25 million, dated March 1, 2024.
Western Communications, Incorporated has since retired the bonds in question, and Stillworth Corporation has received the bond retirement proceeds.
The entry to be recorded in the books of Stillworth Corporation will be the following:Cash AccountDebit, Balance $25,000,000Bond Investments AccountCredit, Balance $25,000,000The debit entry to the Cash Account reflects the bond retirement proceeds that Stillworth Corporation received.
The credit entry to the Bond Investment Account reflects the amount of bonds that Stillworth Corporation had invested in Western Communications, Incorporated, which has now been retired.
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American Airlines reports the following pension and retiree health care ("Other") footnote as part of its 10-K report. ($ millions) 2016 2017 2018 Total Assets $51,274 $51,396 $60,580 ($ millions) 2016 2017 2018 Fair value of plan assets at beginning of period $9,707 $10,017 $11,395 Actual return on plan assets 915 1,797 (1,151) Employer contributions 32 286 475 Settlements (2) (4) (4) Benefit payments (635) (726) (662) Other - 25 - Fair value of plan assets at end of period $10,017 $11,395 $10,053 Use the above information, along with the two prior years’ information below, to answer the requirements. $ millions 2016 2017 2018 Cash contributions to pension plan $32 $286 $475 a. Use the three-year average of the employer contribution to pension benefits (in dollar terms) to reformulate the statement of cash flows for each of the three years 2016, 2017, and 2018. See Analyst Adjustments 10.2 for guidance in the reformulation process. Compute the 3 year average employer contribution to pension benefits. Round to the nearest whole number. $Answer ($ millions) Use rounded figure for subsequent computations. Use negative signs with answers to indicate adjustments that reduce account balances. Statement of Cash Flow Adjustments 2016 2017 2018 Cash contribution Answer Answer Answer Cash from operations Answer Answer Answer b. Reformulate the balance sheet for each of the three years 2016, 2017, and 2018. Assume a tax rate of 22%. Round answers to the nearest whole number. Use negative signs with answers to indicate adjustments that reduce account balances. Balance Sheet Adjustments 2016 2017 2018 Cash balance Answer Answer Answer Deferred tax liabilities Answer Answer Answer Pension plan assets Answer Answer Answer.
To answer the requirements, you need to use the given information to reformulate the statement of cash flows and adjust the balance sheet for each of the three years (2016, 2017, and 2018). Here's an overview of the steps involved:
a. Reformulating the Statement of Cash Flows:
To compute the three-year average employer contribution to pension benefits, you need to add up the employer contributions for the three years (2016, 2017, and 2018) and divide the total by three.
Once you have the three-year average employer contribution, you can reformulate the statement of cash flows for each year by adjusting the cash contribution line item. Use the negative sign to indicate adjustments that reduce account balances. The adjusted cash from operations will be the original cash from operations minus the employer contribution to pension benefits.
b. Adjusting the Balance Sheet:
To reformulate the balance sheet for each year, you need to make adjustments for the cash balance, deferred tax liabilities, and pension plan assets.
- Cash balance: Adjust the cash balance by subtracting the three-year average employer contribution to pension benefits.
- Deferred tax liabilities: Calculate the deferred tax liabilities by multiplying the three-year average employer contribution to pension benefits by the tax rate of 22%.
- Pension plan assets: Adjust the pension plan assets by subtracting the fair value of plan assets at the end of the respective year.
Round your answers to the nearest whole number and use negative signs to indicate adjustments that reduce account balances.
Please note that without the actual financial data provided in the question, I am unable to provide the specific numerical answers or perform the calculations. However, the steps outlined above should guide you in reformulating the statement of cash flows and adjusting the balance sheet based on the given information.
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Which inventory analysis method is is being described Considers the source of urce of goods? (Box 1- Put the 3 letters only) go Is based on turnover rates? (Box 2-Put the 3 lotters only) is based on annual consumption and value of units? (Box 3-Put the 3 lotters only)
The three inventory analysis methods being described here are the ABC analysis method, the inventory turnover rate, and the annual consumption method.
The ABC analysis method is an inventory control approach that categorizes inventory items based on their level of importance. The method is based on the Pareto principle, which states that 20% of inventory items account for 80% of inventory cost or value. This method enables a company to manage its inventory more efficiently by focusing on the critical items while minimizing cost on non-essential items.2. Inventory Turnover Rate Inventory turnover rate measures how often a company sells its entire inventory during a specified period.
Annual Consumption Method The annual consumption method is a technique used to calculate the quantity of inventory to order in a specific period. This method is based on the annual demand for the product and the time between orders. This analysis method helps in ensuring that the company has enough inventory on hand to meet customer demands and avoid stockouts.
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All examples below are valid strategies for sellers whose customers will experience lock-in except one. Which one?
a. Do not offer promotions or up-front discounts.
b. Get your customers to invest in complementary products.
c. Cultivate influential buyers and buyers with high switching costs.
d. Maximize value by selling access to your installed customer base.
The strategy that is not a valid approach for sellers whose customers will experience lock-in is option a: "Do not offer promotions or up-front discounts."
In a lock-in situation, customers may feel stuck using a particular product or service regardless of any incentives. Therefore, it is important to provide value to your customers and incentivize them to remain loyal to your brand. By not offering any discounts or promotions, you are giving them a reason to consider alternatives.
On the other hand, options b, c, and d can be effective strategies for encouraging customer loyalty in a locked-in market. Getting customers to invest in complementary products (option b) can create a more comprehensive solution that is harder to replace with a competitor. Cultivating influential buyers and buyers with high switching costs (option c) can help create a network effect, where the value of the product or service increases as more users adopt it. Maximizing value by selling access to an installed customer base (option d) can generate recurring revenue and capture additional value from existing customers.
Overall, when customers are locked in, it is essential to develop effective strategies that prioritize customer value and encourage long-term loyalty. While some tactics may be more effective than others depending on the specific circumstances, neglecting the importance of providing value is unlikely to lead to sustained success in the long term.
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Submit your CIRAC evaluation of The Case of United States v. Caronia,576 F. Supp. 2d 385 (E.D.N.Y. 2011); 703 F.3d 149 (2d Cir. 2012). The 2nd Circuit decision reviewed the Eastern District of NY decision-read the 2ndCircuit court and you can review the Eastern District of NY decision if you want more background in this case -but you will CIRAC the 2ndCircuit Court’s decision for this assignment.
In United States v. Caronia, the Second Circuit Court reversed the conviction of a pharmaceutical sales representative for off-label drug promotion, citing the First Amendment's protection of free speech.
Explanation:
The Second Circuit Court reversed the conviction of a pharmaceutical sales representative in United States v. Caronia. They ruled that the First Amendment's right to free speech prevented the government from criminally punishing the truthful and non-misleading promotion of an FDA-approved drug for off-label use.
Issue: The central issue in the Caronia case was whether the First Amendment's free speech clause prevented the government from criminally punishing a pharmaceutical sales representative for promoting an FDA-approved drug off-label.
Rules: The rule established in United States v. Caronia was that the government could not criminally punish a pharmaceutical manufacturer's truthful and non-misleading promotion of an FDA-approved drug for a use not approved by the FDA, based on the protection of free speech under the First Amendment.
Application: The Second Circuit Court applied the rule protecting truthful and non-misleading off-label promotion to the specific facts of the Caronia case. They determined that the prosecution had failed to meet its burden of proving that the sales representative's off-label promotion was false or misleading.
As a result, the Second Circuit Court concluded that the First Amendment's protection of free speech prevented the government from criminally punishing a pharmaceutical sales representative for promoting an FDA-approved drug off-label if the promotion was truthful and non-misleading. Consequently, the conviction of the sales representative was reversed.
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If an increase in the supply of good A decreases the demand for good B, then Select one: A. the elasticity of supply for good A is greater than 1. B. the demand for A is price elastic. C. the cross elasticity of supply for good B with respect to the price of good A is negative. D. A and B are substitutes. E. A and B are complements.
When an increase in the supply of good A decreases the demand for good B, the two goods can be regarded as substitutes. Thus, the correct answer is D.
If two goods can be used as substitutes for each other, it means that they perform comparable roles and can replace each other to some degree. This is exactly what happens when an increase in the supply of good A decreases the demand for good B. A decrease in the price of good A causes consumers to shift from good B to good A because they are now cheaper substitutes for each other. This substitution effect reduces the demand for good B since consumers can get the same satisfaction from buying good A at a lower price.
In this scenario, the cross elasticity of supply for good B with respect to the price of good A is negative since there is an inverse relationship between the price of A and the quantity demanded of B.
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Miss Zarina sells 1,000 coffee machines a year during the last MCO at an average price per machine of RM599. The carrying cost per unit is RM15.50. If the economic order quantity is 100 units, calculate the expected number of orders for the company. Answer o 5.99 o 100 o 10 o 6,487
The expected number of orders for the company is 8. The answer to this question is none of the above
The Economic Order Quantity is the ideal order size for a company to balance inventory costs with ordering costs. The carrying cost per unit and the ordering cost both affect the economic order quantity.
Expected number of orders for the company would be 100
Given data: Cost per unit: RM599
Carrying cost per unit:
RM 15.50EOQ = √((2SD)/(H))
Where S = Annual demand in units
D = Cost of placing an order
H = Carrying cost per unit per year
EOQ = √((2×1000×599)/(15.5)) = 122.85
Therefore, the expected number of orders for the company would be:= Annual Demand / EOQ= 1000 / 122.85≈ 8.14≈ 8 orders, which is the nearest whole number to the calculated answer.
In conclusion, the expected number of orders for the company is 8.
Hence, the answer to this question is none of the above (since none of the options presented is equal to 8). The expected number of orders in this scenario would be the closest whole number to 8 which is 10.
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When a local bank in Kansas City makes loans to its smail business customers, it charges them an interest rate for borrowing money. Interest rates are part of the environment. cultural and social economic legal political competitive QUESTION 15 Managers should make operational decisions within the guidelines set down during strategy planning. with great care as these decisions are the same as strategic decisions. for the long-run to help formulate strategic plans. keeping in mind that these decisions should always lead to changes in the basic strategy. on a month-to-month basis and never daily or weekly. QUESTION 16 Which of the following statements by a U.S. president best reflects a MiCRO view of marketing? "A tax cut will give consumers more spending money." "With interest rates low, many young people can now afford to buy a new home." "In the United States we have a better choice of products than in any other country." "My administration will spend 75 percent more on purchases related to domestic security during the next year." "Tourism firms should advertise more to attract more international visitors." Kristina would like to open a sports-themed restaurant in Collegeville, a thriving suburban area. She believes that the sports-theme in a family orientation with a broad menu will be appealing to the large number of families in town along Route 422 . However, national chain restaurants, such as Chilli's, TGI Friday's, Ruby Tuesday's, and Applebee's already attract large number of customers in the region. These chain restaurants present a significant: A. competitive environment B. monopoly C. competitive barrier D. opportunity E. competitive matrix QUESTION 18 Tesla announced that it would begin offering auto parking to help consumers more easily parallel park their car in urban and suburban locations with limited parking. The development of auto parking is a significant development in the A. personal environment B. parking environment C. social environment D. legal environment E. technological environment Marketing is more than just selling or advertising. Selling and advertising are tools/methods that are in the marketing variable. A. Product B. Price C. Process D. Promotion E. Place QUESTION 20 Choose an objective that meets the S.M.A.R.T. criteria for objectives. To open 5 new locations in the Delaware Valley. To provide a great product to our target market. To increase some prices in 2017 to compete with Coca Cola. To increase brand awareness of our Sprite branded products by 5% among our target market by the end of 2017. To have a great company for people to work.
15. Managers should make operational decisions within the guidelines set down during strategy planning.
Operational decisions are those made on a day-to-day basis to support the implementation of a company's overall strategy. While these decisions are important for the smooth functioning of the organization, they are not the same as strategic decisions. Operational decisions focus on the short-term and are made within the framework and parameters established during strategy planning. It is crucial for managers to carefully consider these decisions to ensure they align with the broader strategic goals of the organization.
16. "A tax cut will give consumers more spending money."
This statement reflects a MiCRO (Microeconomic) view of marketing. Microeconomics is concerned with the behavior and decisions of individual consumers and firms, as well as the allocation of resources in specific markets. The statement emphasizes the impact of a tax cut on consumers' disposable income, which directly influences their purchasing power. It highlights the economic perspective of marketing by focusing on individual consumer behavior in response to a specific economic factor.
18. The significant development of auto parking by Tesla relates to the technological environment.
The introduction of auto parking by Tesla represents a significant development in the technological environment. The technological environment encompasses the impact of advancements in technology on business operations and consumer behavior. Auto parking is a technological innovation that enhances convenience and addresses parking challenges in urban and suburban areas. It demonstrates how technology can shape consumer experiences and influence market dynamics.
20. To increase brand awareness of our Sprite branded products by 5% among our target market by the end of 2017.
This objective meets the S.M.A.R.T. criteria, which stands for Specific, Measurable, Achievable, Relevant, and Time-bound. The objective clearly specifies the desired outcome (increasing brand awareness of Sprite products) and sets a specific target (5% increase) within a defined timeframe (by the end of 2017). Additionally, it is a realistic and relevant objective that aligns with the marketing goal of enhancing brand awareness.
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Assume the expected return on the market portfolio is 10% and its standard deviation is 10%. The risk-free rate is 6%. Denote the expected return and standard deviation of portfolios on the CML with E(r) and SD. Which statement on the CML is TRUE? A) The Sharpe ratio of a CML portfolio that contain 150% of the market portfolio and 50% borrowed money is 3/5. B) The CML can be represented by the following equation: E(r) = 0.06 + 3/5 SD. C) The standard deviation of a CML portfolio that contains 50% savings and 50% of the market portfolio equals 5%. D) The expected return of a CML portfolio that contains 150% of the market portfolio and 50% borrowed money is 15%.
If the treasurer invests the company's funds in Great Britain, the value in three months would be approximately $7,047,398.78.
If the treasurer of the major U.S. firm invests the funds in the U.S., the value in three months can be calculated using the formula for compound interest: Future Value (FV) = Principal * (1 + Interest Rate)^Number of Periods. In this case, the principal is $26 million, the interest rate in the U.S. is 0.79% per month, and the number of periods is three months. FV = $26,000,000 * (1 + 0.0079)^3 ≈ $26,000,000 * (1.0079)^3 ≈ $26,000,000 * 1.023757769 ≈ $26,597,696.10. Therefore, if the treasurer invests the company's funds in the U.S., the value in three months would be approximately $26,597,696.10.
On the other hand, if the treasurer invests the company's funds in Great Britain, the value in three months can be calculated using the three-month forward rate and the interest rate in Great Britain. FV = Principal * (1 + Interest Rate)^Number of Periods * Forward Rate. FV = $26,000,000 * (1 + 0.006)^3 * £0.51 ≈ $26,000,000 * 1.018^-3 * £0.51 ≈ $26,000,000 * 0.994160612 * £0.51. To convert the value to U.S. dollars, we need to multiply by the spot exchange rate of £0.54.FV ≈ $26,000,000 * 0.994160612 * £0.51 * $0.54 ≈ $26,000,000 * 0.2720533048 ≈ $7,047,398.78. Therefore, if the treasurer invests the company's funds in Great Britain, the value in three months would be approximately $7,047,398.78.
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Benson Company calculated its return on investment as 10 percent. Sales are now $330,000, and the amount of total operating assets is $350,000. Required a. If expenses are reduced by $29,400 and sales
Return on Investment (ROI) is calculated to determine the amount of return on an investment relative to the investment's cost. ROI is a critical financial measurement for businesses that use assets to generate income. Benson Company's ROI is 10%, and the sales are $330,000. The total operating assets are $350,000. If expenses are decreased by $29,400 and sales...Benson Company calculated its ROI (return on investment) as 10%.
When the sales amount is $330,000, and the total operating assets amount is $350,000. The question is required to calculate the following:a. If expenses are decreased by $29,400, and sales are kept the same,To calculate this, we can use the following formula:ROI = Net Income/Total AssetsWhere net income = Sales - ExpensesIf expenses are reduced by $29,400, the new net income will be:New Net Income = Sales - (Expenses - $29,400)= $330,000 - $29,400= $300,600The new ROI will be:New ROI = New Net Income/Total Assets= $300,600/$350,000= 0.86 or 86%.
The new ROI will be 86%.b. What will sales need to be to earn a 14 percent ROI, assuming expenses and total assets remain the same?To calculate this, we can use the following formula:Net Income = Total Assets * ROIAnd, net income = Sales - ExpensesTherefore, Sales - Expenses = Total Assets * ROIIf we substitute the given values, we get:Sales - Expenses = $350,000 * 0.14= $49,000If expenses remain the same, then sales need to be $49,000 higher than they currently are.
Therefore, sales should be:$330,000 + $49,000= $379,000The required sales to earn a 14 percent ROI, assuming expenses and total assets remain the same, are $379,000.
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Bridgeport Electronics is a small facility that distributes integral circuits throughout the Northeastern United States. It has seen an increase in orders reçently due to the collapse of its biggest competitor. The
management team is trying to decide on a more efficient workflow order to keep up with the demand. The customers have not designated due-dates, and fortunately, Bridgeport Electronics does not have
to pay any inventory holding costs. The only issue at this point is that there has been a delay in producing circuit boards because a buffer behind one of its smaller machines has been filling up. What
scheduling system should Bridgeport Electronics utilize to improve this process?
For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).
To improve the process and address the issue of the buffer filling up, Bridgeport Electronics should consider implementing a just-in-time (JIT) scheduling system.
JIT is a production strategy that aims to minimize inventory and eliminate waste by producing items only when they are needed, thereby reducing lead times and improving overall efficiency.
By adopting a JIT scheduling system, Bridgeport Electronics can achieve the following benefits:
1. Reduced Inventory: With JIT, the company can avoid excessive inventory buildup, as production is based on actual customer demand. This eliminates the need for excess storage space and reduces the risk of obsolescence.
2. Smoother Workflow: JIT emphasizes the flow of materials through the production process, aiming to minimize bottlenecks and maximize throughput. By synchronizing production with customer orders, Bridgeport Electronics can ensure a smooth workflow and avoid the accumulation of excess work-in-progress inventory.
3. Improved Efficiency: JIT focuses on eliminating waste and improving efficiency in every aspect of the production process. By identifying and addressing the root causes of delays, such as the buffer filling up, the company can streamline operations and improve overall productivity.
4. Enhanced Quality Control: JIT places a strong emphasis on quality control at every stage of production. By implementing rigorous quality control measures, Bridgeport Electronics can minimize defects and rework, leading to improved customer satisfaction.
To implement a JIT scheduling system, Bridgeport Electronics should consider the following steps:
1. Demand Forecasting: The company should accurately forecast customer demand to determine the production requirements and schedule.
2. Supplier Collaboration: Close collaboration with suppliers is crucial in a JIT system to ensure timely delivery of raw materials and components.
3. Kanban System: Implementing a kanban system can help manage the flow of materials and ensure a smooth production process. Kanban cards or electronic signals can be used to trigger the replenishment of materials as they are consumed.
4. Cross-Training and Workforce Flexibility: Cross-training employees and creating a flexible workforce can help ensure that production is not disrupted when there are personnel shortages or unexpected changes in demand.
By implementing a JIT scheduling system, Bridgeport Electronics can optimize its production process, reduce lead times, and improve overall efficiency. It will allow the company to respond quickly to customer demands while minimizing inventory and eliminating waste.
Note: The information provided is based on general principles of JIT scheduling. It is recommended for Bridgeport Electronics to conduct a thorough analysis of their specific operations and consult with industry experts to tailor the approach to their unique requirements.
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Attempts Keep the Highest/2 2. Problem 4.03 (DUPONT Analysis) eBook Henderson's Hardware has an ROA of 8%, a 6% profit margin, and an ROE of 21%. What is its total assets turnover? Do not round intermediate calculations. Round your answer to two decimal places. What is its equity multiplier? Do not round Intermediate calculations. Round your answer to two decimal places.
The equity multiplier for Henderson's Hardware is 2.59.
To calculate the total assets turnover, we can use the formula:
Total assets turnover = Net sales ÷ Average total assets
We are not given the net sales or the average total assets directly, but we can use the ROA formula to calculate the average total assets as follows:
ROA = Net income ÷ Average total assets
0.08 = Net income ÷ Average total assets
Average total assets = Net income ÷ 0.08
Next, we can use the profit margin formula to calculate the net income as a percentage of net sales:
Profit margin = Net income ÷ Net sales
0.06 = Net income ÷ Net sales
Net income = 0.06 x Net sales
Substituting this value for net income in the equation for average total assets, we get:
Average total assets = (0.06 x Net sales) ÷ 0.08
Average total assets = 0.75 x Net sales
Now we can substitute these values into the formula for total assets turnover:
Total assets turnover = Net sales ÷ Average total assets
Total assets turnover = Net sales ÷ (0.75 x Net sales)
Total assets turnover = 1.33
Therefore, the total assets turnover for Henderson's Hardware is 1.33.
To calculate the equity multiplier, we can use the formula:
Equity multiplier = Average total assets ÷ Average stockholders' equity
We already calculated the average total assets as 0.75 times the net sales, so we just need to calculate the average stockholders' equity. We can use the ROE formula to do this:
ROE = Net income ÷ Average stockholders' equity
0.21 = Net income ÷ Average stockholders' equity
Average stockholders' equity = Net income ÷ 0.21
Again, we can substitute the value of net income as 0.06 times net sales, and simplify:
Average stockholders' equity = (0.06 x Net sales) ÷ 0.21
Average stockholders' equity = 0.29 x Net sales
Now we can substitute both values into the equation for equity multiplier:
Equity multiplier = Average total assets ÷ Average stockholders' equity
Equity multiplier = (0.75 x Net sales) ÷ (0.29 x Net sales)
Equity multiplier = 2.59
Therefore, the equity multiplier for Henderson's Hardware is 2.59.
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Which of the following firms is likely to have the greatest market power? An electric company A local electronics retailer O A farmer O A grocery store
Of the given options, the firm that is likely to have the greatest market power is **an electric company**.
Market power refers to the ability of a firm to influence prices, output levels, and other market conditions. It is typically determined by factors such as the firm's market share, barriers to entry, and competition within the industry.
In this case, an electric company is more likely to have greater market power compared to the other options. Electric companies often operate in regulated or monopolistic markets where they are the sole providers of electricity to a specific region or area. This lack of competition and the necessity of electricity for consumers give electric companies significant control over pricing and market conditions.
On the other hand, a local electronics retailer, a farmer, and a grocery store are likely to operate in more competitive markets with multiple players. These industries usually have lower barriers to entry and a higher level of competition, which limits the market power of individual firms.
Therefore, among the given options, an electric company is likely to have the greatest market power due to its potential monopoly status and the regulated nature of the industry it operates in.
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Interest on $8,400 at 7 for 60 days is Muibple Groice a. 35265 b. $36.45 c. 59666 d. $6525 d. $41.42
Simple interest is a basic method of calculating interest on a loan or investment. It is calculated solely based on the initial principal amount, the interest rate, and the time period. The correct answer is none of the above.
To find the interest on $8,400 at 7% for 60 days, we can use the simple interest formula which is given as:
Simple Interest = (Principal × Rate × Time) / 100
Where, Principal = $8,400
Rate = 7%
Time = 60 / 365 years (as the interest rate is annual)
So, Time = 0.16438 years
Now, putting the values in the formula, we get:
Simple Interest = (8400 × 7 × 0.16438) / 100
Simple Interest = 952.56 / 100
Simple Interest = $9.53
Thus, the interest on $8,400 at 7% for 60 days is $9.53. Therefore, the answer is not in the options given in the question.
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1. Use the SWOT analysis framework to analyze your personal situation. Describe your personal strengths, weaknesses, opportunities, and threats in as much detail as you are comfortable, and reflect if this exercise has brought you new knowledge about yourself. 2. Based on the SWOT analysis, set up at least one goal for yourself. It should have all the characteristics of a well-written goal given in Chapter 9. Develop a 5-step plan how you will reach the goal (each step should have a timeline - by when it will be done). Technical requirements: • Maximum of 350 words for your answer (I will stop reading once I have reached this number of words) • Saved as PDF file Uploaded to Moodle by the stated due date Grading criteria SWOT Analysis What 'excellent' looks like Correct application of the concepts in all 4 quadrants of the SWOT analysis, using specialized terminology where appropriate. Goal and planning A goal has all the characteristics of well-written goals (Chapter 9), a plan has at least 5 steps that lead to the goal achievement and the deadlines. A perceptive and clever response to the question with evidence of much thought and effort. Quality of effort Convincing line of argument with correct spelling and grammar. Clear and well-structured formatting, stays within word limit. Max points 2.5 1.5 1
SWOT Analysis: Strengths: I possess strong communication skills, which allow me to effectively convey ideas and collaborate with others.
Additionally, I have excellent problem-solving abilities and a strong work ethic, enabling me to overcome challenges and achieve goals.
Weaknesses: One of my weaknesses is a tendency to be overly critical of myself, which sometimes hinders my confidence and decision-making. I also struggle with time management, occasionally leading to a feeling of being overwhelmed.
Opportunities: I have identified networking events in my industry that present opportunities for professional growth and building connections. Additionally, there is a growing demand for individuals with my skill set, which opens up potential career advancements.
Threats: The competitive job market in my field poses a threat to securing desired opportunities. Additionally, the rapid technological advancements may require continuous learning to stay relevant.
Based on the SWOT analysis, my goal is to enhance my time management skills within the next six months.
5-Step Plan:
1. Identify priorities and set clear goals for each day and week. (Deadline: within one week)
2. Develop a schedule or use time-management tools to allocate specific time slots for tasks and activities. (Deadline: within two weeks)
3. Minimize distractions by creating a conducive work environment and practicing self-discipline. (Deadline: within three weeks)
4. Implement strategies for effective task prioritization, such as using the Eisenhower Matrix. (Deadline: within four weeks)
5. Regularly review and assess progress, making necessary adjustments to improve time management skills. (Deadline: ongoing)
Completing this exercise has provided me with valuable insights into my personal strengths, weaknesses, opportunities, and threats. It has allowed me to identify areas for improvement and develop a clear goal and plan to enhance my time management skills. By being proactive and implementing these steps, I am confident that I will achieve greater productivity and success in both my personal and professional life.
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a
company's product sells at $12.14 per unit and has a $5.21 per unit
variable cost. the company's total fixed assets are $97,300. the
break-even point in units is:
The break-even point in units is approximately 14,038 units.
To calculate the break-even point in units, we need to determine the number of units that need to be sold in order to cover the total fixed costs.
Break-even point (in units) = Total fixed costs / Contribution margin per unit
The contribution margin per unit is the difference between the selling price and the variable cost per unit.
Contribution margin per unit = Selling price per unit - Variable cost per unit
Contribution margin per unit = $12.14 - $5.21 = $6.93
Now we can calculate the break-even point:
Break-even point (in units) = $97,300 / $6.93 ≈ 14,038 units
Therefore, the break-even point in units is approximately 14,038 units.
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During One Payroll Period, The Total Payroll For ABC Tool Company Was $5,000, Including $1,800 Withheld For Taxes, $200 Deducted To Repay An Employee's Loan, $200 Deducted For Health Insurance, And The Rest Paid By Check To The Employee. For This Period, The Bookkeeper Should Post That Transaction As A Debit To Gross Payroll Expense For $5,000, A Credit To
During One Payroll Period, the total payroll for ABC Tool Company was $5,000, including $1,800 withheld for taxes, $200 deducted to repay an employee's loan, $200 deducted for health insurance, and the rest paid by check to the employee.
For this period, the bookkeeper should post that transaction as a debit to Gross Payroll Expense for $5,000, a credit to Withholding Taxes Payable for $1,800, a credit to Employee's Loan Payable for $200, and a credit to Health Insurance Payable for $200. A debit is a bookkeeping entry that indicates an increase in an asset account or a decrease in a liability account. Gross Payroll Expense is a debit account since it increases when payroll is issued. The credit accounts in this transaction are Withholding Taxes Payable, Employee's Loan Payable, and Health Insurance Payable. They reflect the liabilities incurred by ABC Tool Company during the payroll period.
The company withheld $1,800 for taxes and is responsible for remitting that amount to the appropriate tax authority. Therefore, Withholding Taxes Payable is credited for $1,800. The company deducted $200 for an employee's loan and is now responsible for repaying that amount to the employee. As a result, Employee's Loan Payable is credited for $200. Finally, the company deducted $200 for health insurance and is now responsible for paying that amount to the insurance company. Health Insurance Payable is credited for $200 to reflect this liability.
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General Information Intro
The French company Sur Systems Software manufactures and sells software solutions—commonly referred to as CRM systems (customer relationship management systems)—to corporations for managing customer databases and coordinating communications with them. Sur developed a successful niche strategy targeting corporate foundations. With success in their home market, Sur began to expand throughout the European Union, taking advantage of the free trade zone between the 27 member countries.
The next major market for Sur was the United States, which would provide a gateway into North America. Being unfamiliar with the US market, Sur developed a partnership with Epic Distribution, a US-based distribution company. Sur worked with Epic to train their sales force and customer service staff and to develop English language and culturally appropriate content marketing materials, such as brochures, print and social media advertising, and landing pages.
Epic was able to generate steady volume and revenue growth for the first five years of the partnership. However, sales growth has slowed and is significantly lower than what Sur has experienced in its European markets, where it operates its own marketing and sales subsidiaries. Management is considering ending the Epic Distribution partnership and investing in a US sales and service office.
Context
Epic purchases each unit from Sur in France for $10,000 and has a fully landed cost (including shipping, insurance, and other costs associated with the products getting from France to the U.S.) of $12,000 by the time the product ends up in the Epic US warehouse. After adding a 33.3% margin, Epic sells the Sur solution to corporate end-users for $17,991. Management believes $17,991 is the right price for the U.S. market.
Sur management estimates the cost of goods sold if they establish their own operations will be $12,000 This cost includes the software, customer training, and one-year service support costs. They approximate that Epic spent $500,000 annually on Sur-related selling, general, and administrative costs. As such, they expect their annual costs of operating their own U.S. subsidiary will be the same amount.
For your first post, create a new thread and respond to both questions below by latest 11:59pm on June 5th. After you have made your original post, respond to at least two of your classmates.
What are the advantages of a company-owned and -operated marketing and sales subsidiary compared to working with a foreign distributor?
How many units will the US subsidiary have to sell each year for Sur Systems to justify the investment? (minimum break-even point)
Sur Systems Software, a French company, has been successful in its niche strategy of selling CRM systems to corporate foundations in the European Union.
To enter the US market, Sur partnered with Epic Distribution, a US-based company, but sales growth has slowed. Sur management is considering establishing its own marketing and sales subsidiary in the US. This decision raises questions about the advantages of a company-owned subsidiary and the minimum number of units the subsidiary needs to sell to justify the investment.
A company-owned and -operated marketing and sales subsidiary offers several advantages compared to working with a foreign distributor. Firstly, having direct control over marketing and sales operations allows the company to tailor its strategies and messages to the specific market and target audience. It enables better alignment with the company's overall branding and positioning. This control also facilitates quicker response times to market changes, allowing for more flexibility in adjusting marketing and sales approaches based on customer feedback and market dynamics.
Secondly, a company-owned subsidiary provides greater visibility and transparency into sales performance and customer interactions. It allows the company to have direct access to customer data, enabling deeper insights into customer behavior, preferences, and needs. This data-driven approach empowers the company to make informed decisions and develop targeted marketing campaigns and sales initiatives to drive customer acquisition and retention.
Lastly, a company-owned subsidiary provides an opportunity for long-term investment and growth. By establishing a presence in the US market, Sur Systems Software can build brand recognition, establish relationships with key customers, and develop a strong local network. This lays the foundation for sustained growth and potential expansion into other regions or markets within North America.
To determine the minimum number of units the US subsidiary needs to sell each year to justify the investment, Sur Systems Software needs to consider its fixed costs and the contribution margin per unit. The fixed costs include the cost of goods sold ($12,000 per unit) and the annual selling, general, and administrative costs ($500,000). The contribution margin is the difference between the selling price ($17,991) and the variable cost per unit ($12,000).
By dividing the fixed costs by the contribution margin per unit, Sur can calculate the minimum number of units the US subsidiary needs to sell to cover the costs and reach the break-even point. This break-even point represents the sales volume required to cover all costs and achieve a neutral financial outcome. It is an important threshold that indicates the minimum level of sales needed to justify the investment in the subsidiary.
Please note that specific values for the contribution margin and fixed costs are not provided in the given information, so an exact calculation of the break-even point is not possible. However, Sur Systems Software can perform the necessary calculations using the actual contribution margin and fixed cost values to determine the minimum sales volume needed to reach the break-even point.
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Q7: The financial Statement which discloses the net worth of an individual. in the Q8: It is obvious that budget plays a very important role preparation of our financial plan. But in your opinion, how will the financial statements help us in our making our personal financial plan?
An individual's net worth is revealed in their personal balance sheet or statement of financial condition. Net worth is the difference between assets and liabilities. A personal balance sheet displays the value of the available assets and liabilities as of a certain date.
The balance sheet and income statement make up a financial statement. The difference between the two is referred to as savings. The income statement lists the sources of revenue and the categories under which expenses are incurred. In contrast, a balance sheet depicts the status of assets and liabilities as of a certain date;
any difference between the two is referred to as net worth. Based on the data gathered, such as savings and net worth of an individual, both statements assist us in making financial plans liabilities or future goals.
We may make plans and set objectives for our own personal finances based on our monthly savings and net worth.
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Parent owns 100% of Sub. On the open market parent buy all bonds of the Sub for $700,000 on June 30, 2020. The fiscal year end for both Parent and Sub is December 31. The par value of these bonds on ledger for Sub is $800,000. Interest is paid annually on December 31, at 7%. On the books of the Sub there is an unamortized discount of $60,000
1-What amount of interest expense would need to be eliminated on the consolidated income statement?
2-What amount of interest revenue would need to be eliminated on the consolidated income statement?
1- $42,000
2- $42,000 Parent owns 100% of Sub. On the open market parent buy all bonds of the Sub for $700,000 on June 30, 2020.
1- To eliminate interest expense on the consolidated income statement, we need to consider the interest paid by the subsidiary (Sub) to the parent. The par value of the bonds is $800,000, and the interest rate is 7%. Therefore, the annual interest payment is $800,000 * 7% = $56,000. However, since the parent owns all the bonds, this interest expense is eliminated, resulting in $0 on the consolidated income statement.
2- To eliminate interest revenue on the consolidated income statement, we need to consider the interest received by the parent from the subsidiary. Since the parent owns all the bonds, it receives the interest payment of $56,000. Therefore, this interest revenue of $56,000 needs to be eliminated on the consolidated income statement.
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Which of the following is a correct statement of the socially optimum price? Select one: A. It is a price equal to the lowest average cost. B. It is a price equal to the average cost. C. It is a price equal to the marginal revenue. D. It is a price equal to the marginal cost.
The correct statement of the socially optimum price is D. It is a price equal to the marginal cost.
The socially optimum price is determined based on the concept of allocative efficiency, which aims to achieve the optimal allocation of resources in an economy. In this context, the socially optimum price is the price that leads to an allocation of goods and services where the marginal benefit to society equals the marginal cost.
The marginal cost represents the additional cost incurred to produce one additional unit of a good or service. It takes into account factors such as labor, materials, and other inputs. The socially optimum price occurs when the price charged for a good or service aligns with its marginal cost.
By setting the price equal to the marginal cost, the socially optimum outcome is achieved because it ensures that the cost of producing an additional unit is matched by the benefit derived from consuming it. This equilibrium leads to an efficient allocation of resources and maximizes overall social welfare.
On the other hand, the options A, B, and C are incorrect:
A. A price equal to the lowest average cost does not consider the marginal cost or the efficiency of resource allocation.
B. A price equal to the average cost also fails to consider the marginal cost and may not result in an optimal allocation.
C. A price equal to the marginal revenue does not guarantee an efficient allocation since marginal revenue reflects the revenue generated by selling one additional unit, not the social benefit or cost.
Therefore, the socially optimum price is correctly represented by option D, which emphasizes the equality between price and marginal cost.
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A new 200MW power plant is being built with an initial investment of $300 million. It can sell electricity at a rate of $0.30/kWh. A tax rate of 30% is applied for revenues. A fixed charged rate is also applied at 20%. Find the payback period.
The payback period for the power plant is approximately 6.15 years.
To calculate the payback period, we need to determine the time it takes for the power plant's cumulative cash flows to equal the initial investment of $300 million.
Step 1: Calculate the annual revenue generated by the power plant.
Since the power plant has a capacity of 200MW and can sell electricity at a rate of $0.30/kWh, we need to calculate the annual electricity generation and multiply it by the selling rate. Assuming the plant operates at full capacity for 8,760 hours per year, we have:
Annual Revenue = (200 MW) * (8,760 hours/year) * ($0.30/kWh)
Step 2: Apply the tax rate and fixed charge rate to the annual revenue.
The tax rate is 30%, which means 30% of the annual revenue will be paid as taxes. The fixed charge rate is 20%, which represents a fixed cost deducted from the annual revenue. Let's calculate the net annual cash flow:
Net Annual Cash Flow = Annual Revenue - (Tax Rate * Annual Revenue) - (Fixed Charge Rate * Annual Revenue)
Step 3: Calculate the cumulative cash flow.
We need to calculate the cumulative cash flow for each year until it reaches or exceeds the initial investment of $300 million. Divide the initial investment by the net annual cash flow to determine the payback period.
Performing the calculations will yield the payback period, expressed in years.
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1, Suppose a company had an initial investment of $45,000. The cash flow for the next five years are $16,000, $19,000, $13,000, $18,000, and $16,000, respectively. The interest rate is 7%. Enter your answer rounded to 2 DECIMAL PLACES.
What is the discounted payback period?
If the firm requires a discounted payback periods 3 years or less, will the project be accepted?
yes or no
The project does not meet the requirement of having a discounted payback period of 3 years or less, the project would not be accepted. The answer is no.
To calculate the discounted payback period, we need to find the cumulative discounted cash flows until they exceed the initial investment. The discounted cash flows are obtained by discounting each cash flow using the interest rate of 7%.
Year 1: $16,000 / (1 + 0.07)^1 = $14,953.27
Year 2: $19,000 / (1 + 0.07)^2 = $16,952.34
Year 3: $13,000 / (1 + 0.07)^3 = $11,771.43
Year 4: $18,000 / (1 + 0.07)^4 = $14,225.96
Year 5: $16,000 / (1 + 0.07)^5 = $11,744.24
Cumulative discounted cash flows:
Year 1: $14,953.27
Year 2: $14,953.27 + $16,952.34 = $31,905.61
Year 3: $31,905.61 + $11,771.43 = $43,677.04
Year 4: $43,677.04 + $14,225.96 = $57,902.00
Year 5: $57,902.00 + $11,744.24 = $69,646.24
Since the cumulative discounted cash flows exceed the initial investment of $45,000 after 4 years, we need to determine the partial year.
Partial year calculation:
Remaining discounted cash flow needed = Initial investment - Cumulative discounted cash flows before the partial year
Remaining discounted cash flow needed = $45,000 - $43,677.04 = $1,322.96
Partial year = Remaining discounted cash flow needed / Cash flow of the next year
Partial year = $1,322.96 / $16,000 = 0.0827
Discounted payback period = Years before the partial year + Partial year
Discounted payback period = 4 + 0.0827 = 4.0827 years, rounded to 2 decimal places as 4.08 years.
Since the discounted payback period is greater than 3 years, the project will not be accepted based on the requirement of a discounted payback period of 3 years or less. Therefore, the answer is **no**.
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1. Suppose meat producers create a negative externality. Also, suppose that the government imposes a tax on the producers equal to the per-unit externality. What is the relationship berween the equilibrium quantity and the quantity that whould be produced? A) They are equal. B) The equalibrium quantity is greater than what should be produced C) The equilibrium quantity is less than what should be produced D) Not enough information to answer the question 2. How is the market for gasoline affected if the excise tax on gasoline is reduced? A) The supply of gasoline decreases. B) The equilibrium price of gasoline increases. C) The supply of gasoline increases. D) The equilibrium quantity of gasoline decreases.
The equilibrium quantity is less than what should be produced.
The equilibrium quantity of gasoline decreases.
When a negative externality exists in the market, the equilibrium quantity is typically less than what should be produced from a social perspective. This is because the externality causes the market to under allocated resources to the production of the good, resulting in a lower equilibrium quantity than the socially optimal level.
Reducing the excise tax on gasoline would decrease the cost of production for gasoline suppliers. This would lead to an increase in the supply of gasoline as suppliers are incentivized to produce more at each price level. Consequently, the equilibrium quantity of gasoline would decrease due to the decrease in price and the resulting decrease in consumer demand.
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What is the strategy that monopolistic companies follow to prove their presence in the market?
Monopolistic companies follow the strategy of advertising and innovation to prove their presence in the market. They use advertising to create brand recognition and increase demand for their products or services.A monopolistic company is an organization that has control over the market of a specific good or service due to a lack of competition.
The company produces and sells the product or service it provides to consumers. Monopolistic companies follow the strategy of advertising and innovation to prove their presence in the market. A monopolistic company will try to distinguish its product or service from those of its competitors by using innovation. This is accomplished by improving an existing product or creating a new one that meets the customer's needs better than any other product.
Innovation helps businesses differentiate their products from those of their competitors and gain an advantage in the market. Monopolistic companies also use advertising to create brand recognition and increase demand for their products or services. By promoting their products through various channels, they can generate customer interest and drive sales.
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Juan Espinosa, the purchasing agent for a Texas company, is considering a purchase of a major manufacturing system. One supplier offers to fly him and his family, all expenses paid, to the Mexican resort city of Mazatlan so that Juan can attend a conference and observe the system in action and visit with other users of the system. Juan also has extended family who live in Mazatlan, so they will get to visit family members who they very seldom see. Since the conference schedule allows for plenty of free time, Juan and his family will also have an opportunity to enjoy the amenities of the resort city. REQUIRED: Discuss the ethical implications of whether Juan should accept the offer for the trip.
Juan Espinosa, the purchasing agent for a Texas company, is considering a purchase of a major manufacturing system.
One supplier offers to fly him and his family, all expenses paid, to the Mexican resort city of Mazatlan so that Juan can attend a conference and observe the system in action and visit with other users of the system.
Juan also has extended family who live in Mazatlan, so they will get to visit family members who they very seldom see. Since the conference schedule allows for plenty of free time, Juan and his family will also have an opportunity to enjoy the amenities of the resort city.Ethical implications of whether Juan should accept the offer for the trip are as follows: Ethics are standards for conduct that reflect our principles of rights and wrongs. Ethics and morality are closely related but not synonymous terms. While morality involves personal beliefs and values, ethics are established standards of conduct defined by the organization or the industry. When it comes to accepting supplier's gifts, businesses have a lot of ethical standards. Although there are no particular rules against accepting gifts from suppliers, it is still a grey area when it comes to how much or how little is acceptable. In this case, Juan Espinosa needs to consider the ethical implications of accepting the offer of the trip.The business and Juan Espinosa may be in breach of their obligations to the Texas company if it is later revealed that Juan accepted the offer. It may be inferred that the offer could have been influenced by the supplier's offer of a free trip and this could compromise the objectivity of the purchase decision.
Additionally, it may create a perception of conflict of interest and impair Juan Espinosa's reputation with his employer. Juan should consider rejecting the offer or accepting it only if it is reasonable and not extravagant in relation to his travel needs.
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XYZ firm is using a continuous review inventory system to order a certain spare part and is currently ordering 500 units of this part every time an order is placed the part annual ordering cost is $400 and its annual holding cost is 5800 To minimize the part's total annual inventory costs the firm should Select one • Reduce the order quantity so that it is less than 500 units Use a periodic inventory system to reduce costs Add safety stock Leave the order quantity at 500 units sind it is the optimal order quantity Increase the order quantity so that it is greater than 500 units
The optimal order quantity is 62 units, the firm should reduce the order quantity so that it is less than 500 units to minimize its total annual inventory costs.
To minimize the total annual inventory costs of the spare part, the firm should calculate the economic order quantity (EOQ) using the continuous review inventory system formula:
EOQ = sqrt((2D * S) / H)
Where:
D = Annual demand for the spare part
S = Cost to place a single order
H = Annual holding cost per unit
Using the given information, we can calculate the EOQ as follows:
EOQ = sqrt((2*500 * $400) / $5800) = 62.06 units
Therefore, since the optimal order quantity is 62 units, the firm should reduce the order quantity so that it is less than 500 units to minimize its total annual inventory costs. Ordering 500 units would result in excess inventory and increased holding costs, while ordering fewer units more frequently will reduce holding costs and still meet demand.
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in order to derive the market supply curve from individual supply curves, we add up
a. various prices that individual sellers are changing for the product
b.various quantities that invidividual sellers want to sell at specific price levels
c. total number of sellers in the market at a given time
d. the marginal cost of the last unit produced by some firm.
question:2
Which statement is true about supply?
a. there is an inverse relationship between price and quantity supplied
b.As price decreases, producers are willing to put more of the good on the market for sale
c. supply refers to the amount of inventory that sellers have in their warehouse.
d to entice producers to offer more of a good on the market for sale, price must rise
question 3
Which of the following will cause the demand curve for cable tv to shift let, ceteris paribus
a. a decrease in the price of streaming channels such as roku
b. Rise in the price of cable TV
c. Increase in average income
d. Increase in Population
question4
Demand is defined as
a. The amount of a good or service that people want at any price
b.The amount of a good or service people want to purchase at a particular price
c.The amount of a good or service people want to purchase at a specific price
d. The amount of a good or service people are able and willing to purchase at any price during a specific time
The market supply curve can be derived from individual supply curves by adding up various quantities that individual sellers want to sell at specific price levels. The market supply curve is the sum of the supply curves of all the producers in the market. Each individual producer's supply curve reflects their willingness to supply a given quantity of a product at a given price.
To derive the market supply curve, the quantities that individual sellers want to sell at specific price levels are added up. The supply curve is a graph that shows the relationship between price and quantity supplied. As the price of a product increases, producers are willing to produce more of it.
The statement that is true about supply is as follows: As price decreases, producers are willing to put more of the good on the market for sale. The following will cause the demand curve for cable TV to shift left, ceteris paribus: A decrease in the price of streaming channels such as Roku. Ceteris paribus is a Latin phrase that means "all other things being equal." Demand is defined as the amount of a good or service that people want to purchase at a particular price.
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Q1. Explain the difference between Master Air Waybill (MAWB) and House Air Waybill (HAWB) – 2 marks
Q2. Research and study (the textbook) to list ten important pieces of information required to be mentioned while completing a House Air Waybill – 5 marks
Q1. The main difference between a Master Air Waybill (MAWB) and a House Air Waybill (HAWB) is that the MAWB is issued by the primary air carrier, whereas the HAWB is issued by a freight forwarder, a consolidator, or a forwarder. HAWBs are typically made out for each of the shipment's consignees, while MAWBs are made out for all the shipment's consignees.
Q2. The ten important pieces of information that should be listed while completing a House Air Waybill are as follows: Name and contact information for the shipper and consignee
Dates of shipment
Cargo nature
Cargo weight
Cargo volume
Port of destination
Port of loading
Freight charges
Declared value for customs purposes
Special instructions for handling or delivery
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During 2020, Victory Inc. had beginning accounts receivable of $42,000 and ending accounts receivable of $48,000. Its net sales of $450,000 are composed of 20% cash sales and 80% credit sales. Based on this information, what is Victory’s receivables turnover ratio?
A) 8.0 times
B) None of the answer choices is correct.
C) 10.0 times
D) 2.0 times
E) 7.5 times
To calculate Victory Inc.'s receivables turnover ratio, we need to determine the average accounts receivable and divide it by the net credit sales.
The given information includes the beginning and ending accounts receivable and the net sales composition. Using this information, we can calculate the receivables turnover ratio.
The receivables turnover ratio is calculated by dividing the average accounts receivable by net credit sales. The average accounts receivable can be found by adding the beginning and ending accounts receivable and dividing the sum by 2.
In this case, the beginning accounts receivable is $42,000 and the ending accounts receivable is $48,000. The average accounts receivable is calculated as (42,000 + 48,000) / 2 = $45,000.
The net credit sales are 80% of the total net sales. Since the net sales are given as $450,000, the net credit sales can be calculated as 80% of $450,000, which is 0.8 * $450,000 = $360,000.
Finally, we can calculate the receivables turnover ratio by dividing the average accounts receivable by the net credit sales: $45,000 / $360,000 = 0.125.
Therefore, Victory Inc.'s receivables turnover ratio is 0.125 or 1/8, which means the accounts receivable turn over 8 times in a year.
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