Workplace safety is important, and everyone has a role to play in ensuring that the workplace is safe for everyone. As an individual and part of a team in the workplace, there are several ways you can help to improve workplace safety. Here are some ways to improve safety:
Be aware of the potential hazards in the workplace and take necessary precautions to avoid them. Conducting regular safety audits and identifying areas where safety can be improved is important. Work with the management to find solutions for identified safety problems.You should also actively participate in safety training sessions and follow safety guidelines in the workplace. Taking care of your own safety and the safety of others is important, so be sure to wear protective gear, follow safety protocols, and report any hazards that you come across.
To improve safety as part of a team, you need to work together and communicate effectively. Encourage your colleagues to follow safety procedures and look out for each other. If you notice any unsafe practices, speak up and share your concerns. You can also work together to identify areas where safety can be improved and come up with solutions for the identified problems.Finally, it's important to lead by example. Demonstrate your commitment to safety by following safety protocols, wearing protective gear, and encouraging your colleagues to do the same.
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The Trial Balance is an early indicator of the quality of accounting control systems as it highlights an equal level of Debit and Credit Accounts. Explain errors that might not be highlighted in the Trial Balance. (Note: need detailed and thorough explanation)
The Trial Balance is used to show the equality of Debit and Credit accounts. It is not a conclusive proof of the accuracy of accounts or errors.
Trial Balance is a statement of the equality between the Debit and Credit columns of an accounts ledger. It ensures the accuracy of accounting data and helps detect any errors in the ledger.
However, it is not a conclusive proof of the accuracy of accounts. There are errors that might not be highlighted in the Trial Balance. The following errors are likely to be omitted:
Error of omission: When an account is omitted entirely from the ledger, this is known as an error of omission. As a result, it will not be recorded on the Trial Balance, which implies that the Debit and Credit columns will be unequal.
Error of commission: When an entry is entered on the wrong side of the ledger, this is known as an error of commission. As a result, it will be recorded on the Trial Balance, however the Debit and Credit columns will not be equal.
Error of principle: When a transaction is entered into the ledger with an incorrect classification, this is known as an error of principle. As a result, it will be recorded on the Trial Balance, however, the Debit and Credit columns will not be equal.
Compensating errors: Two mistakes that offset each other, resulting in an equal amount of Debit and Credit columns, are known as compensating mistakes. As a result, the Trial Balance will indicate that there is no mistake in the accounts, despite the fact that there are two mistakes.
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(Check your book for an explanation of double counting costs) Consider Diego’s decision to go to college. If he goes to college, he will spend $21,000 on tuition, $11,000 on room and board, and $1,800 on books. If he does not go to college, he will earn $16,000 working in a store and spend $7,200 on room and board. Diego’s cost of going to college is
a.
$49,800.
b.
$42,600.
c.
$33,800.
d.
$57,000.
Double counting costs refers to the scenario where you consider an amount as a cost when it has already been counted as part of another cost. For instance, you should not include a cost incurred on a computer as part of the cost of a desk.Diego’s cost of going to college is $49,800.
The cost of going to college comprises direct costs (tuition, fees, books, and materials) and indirect costs (transportation, room and board, and personal expenses). In the given scenario, Diego will spend $21,000 on tuition, $11,000 on room and board, and $1,800 on books; hence, his direct costs will be $33,800.However, he will not earn the $16,000 that he would have earned working in a store and will also have to spend $7,200 on room and board, which represents his indirect costs.
Therefore, his indirect costs amount to $23,200. The total cost of going to college, therefore, will be the sum of Diego’s direct and indirect costs, which is $33,800 + $23,200 = $57,000. Therefore, Diego’s cost of going to college is $57,000.The correct option is (d) $57,000.
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1. For the following sentence, identify the following:
The number of clauses in the sentence.
The subject and the predicate of each clause.
Once the new Remai Modern opened, it offered a variety of artistic programming.
2. For the following sentence, identify the following:
The number of clauses in the sentence.
The subject and the predicate of each clause.
The Remai Modern, which is a public art museum in Saskatoon, was first imagined in 2009 when plans for renovating the former Mendel Art Gallery were abandoned.
Sentence 1 has one clause with the subject "The new Remai Modern" and the predicate "opened." Sentence 2 has two clauses. The first clause has the subject "The Remai Modern" and the predicate "was first imagined in 2009." The second clause has the subject "plans for renovating the former Mendel Art Gallery" and the predicate "were abandoned."
Sentence 1:
The number of clauses in the sentence: 1 clause.
Subject and predicate of the clause:
Subject: "The new Remai Modern"
Predicate: "opened"
Sentence 2:
The number of clauses in the sentence: 2 clauses.
Subject and predicate of each clause:
Clause 1: "The Remai Modern"
Subject: "The Remai Modern"
Predicate: "was first imagined in 2009"
Clause 2: "plans for renovating the former Mendel Art Gallery were abandoned"
Subject: "plans for renovating the former Mendel Art Gallery"
Predicate: "were abandoned"
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EXAMPLE ABC ltd issued 12.5% debenture of a face-value of SR 100 each, it is redeemed at the end of 7 years at 5% discount. The flotation cost is 1% and tax rate is 40%. (if the redeemable value is not given, we have to assume SR 100)
The cost of issuing the debentures, taking into account the flotation cost, is SR 101. The after-tax cost of debt, considering the tax rate, is 7.5%.
To calculate the cost of issuing the debentures, we need to consider the flotation cost. The flotation cost is 1% of the face value, which is SR 100. Therefore, the flotation cost is SR 1 per debenture. As a result, the total cost of issuing each debenture is SR 100 (face value) + SR 1 (flotation cost) = SR 101.
Next, to calculate the after-tax cost of debt, we need to take into account the tax rate. The interest expense on the debentures is 12.5% of the face value, which is SR 12.5. However, since interest expense is tax-deductible, the after-tax cost of debt is calculated by multiplying the interest expense by (1 - tax rate). In this case, the tax rate is 40%, so the after-tax cost of debt is 12.5% (interest expense) * (1 - 0.4) = 7.5%.
Therefore, the final answer is that the cost of issuing the debentures, including the flotation cost, is SR 101, and the after-tax cost of debt is 7.5%.
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Prior to liquidating their partnership, Craig and Jenny had capital accounts of $84,250 and $135,740, respectively. The partnership assets were sold for $260,960. The partnership had $23,900 of liabilities. Craig and Jenny share income and losses equally.
Determine the amount received by Jenny as a final distribution from liquidation of the partnership.
Based on the calculations, Jenny would not receive any amount as a final distribution from the liquidation of the partnership.
1. Calculate the total capital of the partnership:
Craig's capital account + Jenny's capital account = $84,250 + $135,740 = $220,990
2. Deduct the liabilities from the partnership assets to find the net assets available for distribution:
Partnership assets - Liabilities = $260,960 - $23,900 = $237,060
3. Divide the net assets equally between Craig and Jenny since they share income and losses equally:
Net assets / 2 = $237,060 / 2 = $118,530
4. Subtract Jenny's capital account from her share of the net assets to find the final distribution amount:
Jenny's share - Jenny's capital account = $118,530 - $135,740 = -$17,210
Based on the calculations, Jenny would not receive any amount as a final distribution from the liquidation of the partnership. In fact, she would have a deficit of $17,210. This means that after paying off the liabilities and distributing the remaining assets, Jenny would still owe $17,210 to the partnership.
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A manufacturer estimates total factory overhead costs of $4,700,000 and total direct labor costs of $2,350,000 for its first year of operations. During January, the company used $115,000 of direct labor cost in its Blending department and $90,000 of direct labor cost in its Bottling department. The company computes its predetermined overhead rate as a percentage of direct labor cost. Which of the following is the correct journal entry to apply factory overhead to the Blending and Bottling departments. Multiple Choice Debit Work in Process Inventory $205,000; credit Factory Overhead $205,000. Debit Work in Process Inventory $410,000; credit Factory Overhead $410,000. Debit Work in Process Inventory-Blending $230,000; debit Work in Process Inventory-Bottling $180,000; credit Factory Overhead \$410,000. Debit Work in Process Inventory-Blending $230,000; debit Work in Process Inventory-Bottling $180,000; credit Factory Wages Payable $410,000. Debit Work in Process Inventory-Blending $115,000; debit Work in Process Inventory-Bottling $90,000; credit Factory Overhead $205,000.
The correct journal entry to apply factory overhead to the Blending and Bottling departments is Debit Work in Process Inventory—Blending $231,000; debit Work in Process Inventory—Bottling $165,000; credit Factory Overhead $396,000.The correct answer is option E.
To determine the correct journal entry, we need to calculate the predetermined overhead rate and then apply it to the actual direct labor costs incurred in each department.
The predetermined overhead rate is calculated by dividing the estimated total factory overhead costs by the estimated total direct labor costs. In this case, the predetermined overhead rate would be $4,906,000 / $2,230,000 = 2.20 or 220%.
To apply the factory overhead to the Blending and Bottling departments, we multiply the actual direct labor costs in each department by the predetermined overhead rate.
For the Blending department, the overhead applied would be $105,000 * 220% = $231,000.
For the Bottling department, the overhead applied would be $75,000 * 220% = $165,000.
Therefore, we debit Work in Process Inventory—Blending for $231,000, debit Work in Process Inventory—Bottling for $165,000, and credit Factory Overhead for $396,000.
This journal entry reflects the allocation of factory overhead to the specific departments based on their respective direct labor costs.
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The Probable question may be:
A manufacturer estimates total factory overhead costs of $4,906,000 and total direct labor costs of $2,230,000 for its first year of operations. During January, the company used $105,000 of direct labor cost in its Blending department and $75,000 of direct labor cost in its Bottling department. The company computes its predetermined overhead rate as a percentage of direct labor cost. Which of the following is the correct journal entry to apply factory overhead to the Blending and Bottling departments.
Multiple Choice
a] Debit Work in Process Inventory $180,000; credit Factory Overhead $180,000.
b] Debit Work in Process Inventory—Blending $105,000; debit Work in Process Inventory—Bottling $75,000; credit Factory Overhead $180,000.
c] Debit Work in Process Inventory—Blending $231,000; debit Work in Process Inventory—Bottling $165,000; credit Factory Wages Payable $396,000.
d] Debit Work in Process Inventory $396,000; credit Factory Overhead $396,000.
e] Debit Work in Process Inventory—Blending $231,000; debit Work in Process Inventory—Bottling $165,000; credit Factory Overhead $396,000.
Holstein Computing manufactures an inexpensive audio card (Audio Max) for assembly into several models of its microcomputers. The annual demand for this part is 100,000 units. The annual inventory carrying cost is $5 per unit and the cost of preparing an order and making production setup for the order is $750. The company operates 250 days per year. The machine used to manufacture this part has a production rate of 2000 units per day.
What is the daily demand?
500
40
400
2000
The daily demand is 400 units. Given that, the annual demand for Audio Max part is 100,000 units, and the Holstein Computing manufactures an inexpensive audio card (Audio Max) for assembly into several models of its microcomputers.
The machine used to manufacture this part has a production rate of 2000 units per day.The annual inventory carrying cost is $5 per unit and the cost of preparing an order and making production setup for the order is $750. The company operates 250 days per year.
Therefore, first we need to calculate the production of units in a year as;Production per year= Production per day × Operational days in a year= 2000 × 250= 500000unitsThen, we can use the formula to calculate the daily demand as;Daily demand = Annual demand/ Operational days in a year= 100000/ 250= 400 unitsHence, the correct option is 400.
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write 500 words to critically examine the importance of the
internal environment of a retirement industry. What insights can be
gained?
The internal environment of a retirement industry plays a crucial role in its success. Factors such as culture, leadership style, employee motivation, communication channels, and organizational structure contribute to its overall performance.
Understanding the internal environment provides valuable insights into the industry's operations, strengths, weaknesses, and areas for improvement.
It helps identify key success factors and barriers to growth, enabling the industry to develop strategies for enhanced performance and competitiveness.
The industry's culture shapes employee relationships and their perception of work. A culture fostering teamwork and collaboration promotes innovation and growth.
By analyzing the culture, the industry can identify opportunities to improve teamwork, collaboration, and innovation.
Effective leadership inspires and guides employees toward achieving goals. Poor leadership can lead to low morale, high turnover, and poor performance.
Examining the leadership style provides insights for improving employee motivation, innovation, and growth.
Motivated employees are more productive, innovative, and committed. Analyzing the internal environment reveals ways to enhance employee motivation.
Incentives like bonuses, promotions, and training programs can be introduced to boost performance.
Effective communication enables information sharing, idea exchange, and feedback. Examining communication channels helps identify areas for improvement. Ensuring clear and efficient communication keeps all employees aligned.
An effective structure enables efficient operations, while a poor structure hinders growth. Analysing the internal environment guides improvements in the organizational structure. Alignment with goals and objectives ensures optimal performance.
In conclusion, the internal environment significantly impacts the success of a retirement industry. Examining this environment provides insights for improving performance, competitiveness, and overall success.
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Larry and Jeff separately run their own video production companies. Larry can make as many as 15 short films or as many as 5 documentaries, while Jeff can make as many as 4 short films or as many as 8 documentaries. Provide your answers to this question directly below in the space provided. (16 points) a. Jeff incurs increasing opportunity costs in making short films. Briefly describe how his PPF looks. b. If Jeff incurrs increasing opportunity costs in making short films and documentaries, what can wel infer about his resources? c. Suppose Jeff is making a combination of 2 short films and 4 documentaries. What can we infer about this combination of output? d. Larry's opportunity cost of making one short film is... while his opportunity cost of making one documentary is _______ e. Jeff's opportunity cost of making one short film is, while his opportunity cost of making one. documentary is f. An absolute advantage in making documentaries is possessed by. (1 point) g. Larry should specialize in the production of . while Jeff should specialize in the production of h. How would you illustrate (briefly describe) the results of specialization and trade on either of their PPFs? (1 point) i. The basis for their specialization and trade is called (1 point) j. Larry acquires a new camera for short film production, how would this affect his PPF. (1 point)
If Larry acquires a new camera for short film production, his PPF for short films will shift outwards. As a result, Larry will be able to produce more short films than business before, which will increase his opportunity cost of producing each additional short film.
a. Jeff incurs increasing opportunity costs in making short films. Briefly describe how his PPF looks.Since Jeff incurs increasing opportunity costs in making short films, his production possibility frontier (PPF) looks as follows:It means that Jeff will have to forgo the production of some documentaries to produce an additional short film. In other words, the cost of producing each additional short film is more expensive than the previous one, as some of the resources that are better at making documentaries will have to be allocated to short film production.b. If Jeff incurs increasing opportunity costs in making short films and documentaries, we can infer that his resources are not equally efficient in producing the two types of output. Specifically, some resources are more productive in producing short films, while others are more productive in producing documentaries.
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On January 1, 20X7, Pillow Corporation sold to Sheet Corporation equipment it had purchased for $165,000 and used for eight years. Pillow recorded a gain of $14,700 on the sale. The equipment has a total useful life of 15 years and is depreciated on a straight-line basis. Pillow holds 65 percent of Sheet’s voting common shares.
Required:
a. Prepare the journal entry made by Pillow on January 1, 20X7, to record the sale of equipment.
b. Prepare the journal entries recorded by Sheet during 20X7 to record the purchase of equipment and year-end depreciation expense.
c. Prepare the consolidation entry or entries related to the intercompany sale of equipment needed at December 31, 20X7, to prepare a full set of consolidated financial statements.
d. Prepare the consolidation entry or entries related to the equipment required at January 1, 20X8, to prepare a consolidated balance sheet only.
The total book value of the equipment ($165,000 - $8,700) was $156,300 on January 1, 20X8.
a. Journal Entry by Pillow Corporation on January 1, 20X7:
Particulars Debit Credit Cash ($165,000 – $14,700)150,300Equipment165,000Gain on Sale of Equipment14,700 (To record the sale of equipment) Total165,000165,000
b. Journal Entries recorded by Sheet Corporation during 20X7:1. On the purchase of Equipment:ParticularsDebitCreditEquipment165,000Cash165,000(To record the purchase of equipment)2. Year-end Depreciation Expense: Particulars Debit Credit Depreciation Expense8,700Accumulated Depreciation8,700(To record year-end depreciation expense)
c. Consolidation Entries for intercompany sale of equipment needed on December 31, 20X7, to prepare full set of consolidated financial statements: Particulars Debit Credit Gain on Sale of Equipment (Pillow)14,700Equipment (Pillow)165,000Equipment (Sheet)165,000Loss on Intercompany sale of Equipment 14,700(To adjust the accounts related to intercompany sale of equipment)
d. Consolidation Entries related to the equipment required on January 1, 20X8, to prepare a consolidated balance sheet only: Particulars Debit Credit Depreciation Expense (Sheet)8,700Accumulated Depreciation (Sheet)8,700(To adjust the accounts for depreciation and accumulated depreciation of the equipment on the consolidated balance sheet) .
Since Pillow holds 65% of Sheet's common shares, $101,595 ($156,300 x 65%) is shown as the carrying value of the equipment on the consolidated balance sheet.
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Using Kenneth Cmiel's essay and the documents in chapter 13 of Major Problems, discuss and assess the Black Power, free speech, and counterculture movements of the 1960s. In your short essay, analyze and assess historian Cmiel's argument and provide examples of the ways in which these movements challenged "civility." Consider the following questions in your essay: How did these movements defy society's traditional notions of civility? How did these movements impact American society? CIVIL RIGHTS AND "CIVILITY" Using Kenneth Cmiel's essay and the documents in chapter 13 of Major Problems,discuss and assess the Black Power,free speech,and counterculture movements of the 1960s. In your short essay, analyze and assess historian Cmiel's argument and provide examples of the ways in which these movements challenged"civility. Consider the following questions in your essay: How did these movements defy society's traditional notions of civility? How did these movements impact American society? Draw examples from both the documents and from the reading by Kenneth Cmiel in Major Problems. For documents related to this topic, see chapters 12 and 13 in Major Problems. Students can also use the American Promise for more background to 1960s protest movements but should not use outside sources other than the class books. You may use parenthetical referencing to cite the class sources.Include a works cited list at the end of your short essay.Example:Historian Kenneth Cmiel examines the FSM,counterculture,and Black Power movement (Cobbs et.al.,p.#
Kenneth Cmiel's essay and the documents in Chapter 13 of Major Problems have shown that the Black Power, free speech, and counterculture movements of the 1960s challenged the traditional notion of civility, and impacted American society.
Black Power Movement: The Black Power movement rejected civil rights in favor of black liberation and self-determination. It was a response to the failure of the civil rights movement to bring about significant change in black Americans' lives. The Black Power movement sought to redefine American democracy in terms of black self-determination and challenged society's traditional notion of civility. The Black Power movement challenged the traditional notion of civility by advocating for violence if necessary to achieve its goals.
Free Speech Movement: The Free Speech Movement was a student protest movement that originated at the University of California, Berkeley in 1964. It was a response to the university's ban on political speech on campus. The Free Speech Movement challenged society's traditional notion of civility by advocating for the right to free speech and opposing censorship.
Counterculture Movement: The counterculture movement was a cultural revolution that rejected mainstream American values and promoted alternative lifestyles. It was a response to the conformity and consumerism of postwar America. The counterculture movement challenged society's traditional notion of civility by promoting sexual freedom, drug use, and communal living. The counterculture movement also had a significant impact on American society. It led to changes in social norms and attitudes, particularly with regard to sexuality, drugs, and music.
Overall, these movements challenged the traditional notion of civility by advocating for radical change and opposing mainstream American values. They impacted American society by bringing about significant social and cultural changes.
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Fred, a self-employed taxpayer, travels from Denver to Miami primarily on business. He spends five days conducting business and two days sightseeing. His expenses are $555 (airfare), $290 per day (meals), and $190 per night (lodging). If required, round your answers to the nearest dollar. Fred's deductible expenses are: Airfare: $ X Lodging: X Meals: Feedback ✓ Check My Work An itemized deduction is allowed for unreimbursed travel expenses related to a taxpayer's employment. Travel expenses are more broadly defined in the Code than are transportation expenses.
Fred's deductible expenses are as follows:
Airfare: $555
Lodging: $950
Meals: $725
To determine Fred's deductible expenses, we need to consider the specific rules regarding business travel deductions. The deductible expenses for Fred are as follows:
Airfare: $555 (This expense is fully deductible as it is directly related to Fred's business travel.)
Lodging: Fred spent 2 nights in Miami for sightseeing purposes, which is considered personal time and not deductible. Therefore, only the lodging expenses for the 5 nights related to his business travel are deductible.
Total Lodging Expense = $190 per night * 5 nights = $950
Meals: The meals expense is deductible, but it is subject to certain limitations. The IRS allows a deduction for 50% of meals and entertainment expenses that are directly related to the active conduct of a trade or business. In this case, Fred's meals expenses are only deductible for the 5 days he conducted business.
Total Meals Expense = $290 per day * 5 days = $1,450
Deductible Meals Expense = $1,450 * 50% = $725
Therefore, Fred's deductible expenses are as follows:
Airfare: $555
Lodging: $950
Meals: $725
Note: These calculations assume that Fred is not receiving any reimbursement for these expenses. If he does receive reimbursement, the deductible expenses may be adjusted accordingly. It's always recommended to consult with a tax professional or refer to the IRS guidelines for specific tax advice related to your situation.
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As the led accountant for your theoretical company you have been assigned the task of researching the new FASB Accounting Standards Update (ASU). Research and analyze the ASU and give your own "personal" interpretation of how the new regulation could potentially impact your theoretical company.
Research and analyze the ASU and give your own "personal" interpretation of how the new regulation could potentially impact your theoretical company.
How has the recent June 2022 FASB ruling / comments impact the future of potential changes to the Accounting for Intangible Assets / Goodwill?
The recent June 2022 FASB ruling may potentially impact my theoretical company by introducing changes to the accounting for intangible assets and goodwill.
The FASB ruling in June 2022 regarding the accounting for intangible assets and goodwill could have several implications for my theoretical company. The specific impact would depend on the details of the ruling and how it aligns with the nature of my company's operations and financial position.
One potential impact could be a change in the recognition and measurement of intangible assets. The new ruling might require additional criteria or stricter guidelines for recognizing and valuing intangible assets on the balance sheet. This could affect how my company reports its intangible assets and potentially lead to changes in the financial statements.
Furthermore, the ruling could also address the accounting treatment of goodwill. Goodwill represents the excess of the purchase price over the fair value of the net identifiable assets acquired in a business combination. If the FASB ruling introduces changes to the accounting for goodwill, my company might be required to reassess the value of its goodwill and potentially impair it if necessary. This could impact the company's financial position and financial statements.
It is important to note that without specific details of the June 2022 FASB ruling, it is challenging to provide an exact interpretation of its impact on my theoretical company. However, the potential changes in the accounting for intangible assets and goodwill could require my company to adapt its financial reporting processes, reassess the value of its intangible assets, and potentially impact its financial statements.
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meras Grow Alvarez Company is preparing the company's statement of cash flows for the fiscal year just ended The following information is available Retained earnings balance at the beginning of the year Cash dividends declared for the year. Proceeds from the sale of equipment Gain on the sale of equipment Cash dividends payable at the beginning of the year Cash dividends payable at the end of the year Net Income for the year The ending balance in retained earnings is Mut Check O $300.500 $420.500 M $4.000 < Prev 240 $283,000 62,500 107,000 €,000 27,500 35,000 137,500 Help Nod > Save & Ext 11 O spouwel $368.500 $420.500 000'S $364.000 $275,500 < Prev OF ME Next >
The correct answer is:
Retained earnings balance at the beginning of the year = $300,500
Net income for the year = $283,000
Cash dividends declared for the year = $107,000
Ending balance in retained earnings = $420,500
Based on the information provided, we can prepare a statement of cash flows using the indirect method as follows:
Cash flows from operating activities:
Net income for the year $283,000
Depreciation expense 62,500
Gain on sale of equipment (27,500)
Increase in dividends payable 10,500
Net cash provided by operating activities $328,500
Cash flows from investing activities:
Proceeds from sale of equipment $137,500
Net cash provided by investing activities $137,500
Cash flows from financing activities:
Cash dividends paid (107,000)
Net cash used in financing activities ($107,000)
Net increase in cash and cash equivalents $359,000
Beginning balance of cash and cash equivalents $4,000
Ending balance of cash and cash equivalents $363,000
Therefore, the correct answer is:
Retained earnings balance at the beginning of the year = $300,500
Net income for the year = $283,000
Cash dividends declared for the year = $107,000
Ending balance in retained earnings = $420,500
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Alvarez Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year Cash dividends declared for the year Proceeds from the sale of equipment Gain on the sale of equipment Cash dividends payable at the beginning of the year Cash dividends payable at the end of the year Net income for the year $238, eee 51,250 87,200 4,650 22,550 30, see 112,750 The ending balance in retained earnings is: Multiple Choice C) $350,750 O $304150 C) $299,500 O $228,650 O $307,300
: Provide An Example Of A Brand Or Company That Relies On Gender Roles To Support Their Brand Image ?
provide an example of a brand or company that relies on gender roles to support their brand image ?
An example of a brand or company that relies on gender roles to support their brand image is Gillette, a well-known company that specializes in men's grooming products.
Gillette's marketing campaigns often portray men in traditional masculine roles, emphasizing concepts of strength, masculinity, and traditional gender norms. Their advertisements often depict men engaging in activities such as sports, outdoor adventures, and professional success, while promoting their razors and grooming products as essential tools for achieving a "masculine" and confident image.
Gillette's "The Best a Man Can Get" slogan and their use of male celebrity endorsements further reinforce traditional gender roles and expectations.
These marketing strategies appeal to the idea that using Gillette's products will help men conform to societal expectations of masculinity, attracting a target audience that values traditional gender norms and seeking to establish a sense of identity and confidence through their grooming choices.
It is important to note that the use of gender roles in branding can be controversial and subject to criticism. In recent years, Gillette faced backlash and praise for their "The Best Men Can Be" campaign, which challenged toxic masculinity and called for positive change. This demonstrates that brands can also evolve their messaging and challenge gender roles to align with changing societal attitudes.
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Stinnett Transmissions, Incorporated, has the following estimates for its new gear assembly project: Price = $1,220 per unit; variable costs = $380 per unit; fixed costs = $3.75 million; quantity = 90,000 units. Suppose the company believes all of its estimates are accurate only to within ±15 percent. What values should the company use for the four variables given here when it performs its best-case scenario analysis? What about the worst-case scenario? (Do not round intermediate calculations.)
The best-case scenario analysis; Price: $1,403 per unit, Variable costs: $437 per unit, Fixed costs: $3.75 million, Quantity: 90,000 units In, the worst-case scenario analysis; Price: $1,037 per unit, Variable costs: $323 per unit, Fixed costs: $3.75 million, and Quantity: 90,000 units.
To perform a best-case scenario analysis, we need to use the estimates that reflect the most favorable outcomes for the variables. For the given estimates, the best-case scenario will involve using values that are 15% higher than the given estimates.
Best-case scenario analysis;
Price;
Best-case scenario price = $1,220 + (15% of $1,220)
Best-case scenario price = $1,220 + $183
Best-case scenario price = $1,403 per unit
Variable costs:
Best-case scenario variable costs = $380 + (15% of $380)
Best-case scenario variable costs = $380 + $57
Best-case scenario variable costs = $437 per unit
Fixed costs:
Best-case scenario fixed costs remain the same at $3.75 million.
Quantity;
Best-case scenario quantity remains the same at 90,000 units.
Therefore, in the best-case scenario analysis, Stinnett Transmissions should use the following values;
Price: $1,403 per unit
Variable costs: $437 per unit
Fixed costs: $3.75 million
Quantity: 90,000 units
For the worst-case scenario analysis, we need to use the estimates that reflect the least favorable outcomes for the variables. For the given estimates, the worst-case scenario will involve using values that are 15% lower than the given estimates.
Worst-case scenario analysis;
Price;
Worst-case scenario price = $1,220 - (15% of $1,220)
Worst-case scenario price = $1,220 - $183
Worst-case scenario price = $1,037 per unit
Variable costs;
Worst-case scenario variable costs = $380 - (15% of $380)
Worst-case scenario variable costs = $380 - $57
Worst-case scenario variable costs = $323 per unit
Fixed costs;
Worst-case scenario fixed costs remain the same at $3.75 million.
Quantity;
Worst-case scenario quantity remains the same at 90,000 units.
Therefore, in worst-case scenario analysis, Stinnett Transmissions should use the following values;
Price: $1,037 per unit
Variable costs: $323 per unit
Fixed costs: $3.75 million
Quantity: 90,000 units.
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The unemployment rate decreased from 5.2% to 4.2%. What was
decrease when expressed in percentage points?
The decrease when expressed in percentage points is 1.0%.
The unemployment rate decreased from 5.2% to 4.2%.
What is the decrease when expressed in percentage points?
When a value is decreased over time, the term "percent decrease" refers to the percentage change in the value. For instance, a drop in rainfall volume, a decline in the number of Covid patients, etc. The percent reduction formula can be used to determine percent decrease. We'll talk about the percent drop formula in this part.
The decrease when expressed in percentage points is 1.0%.Formula to calculate the percentage decrease:
Percentage decrease = ((Initial value - Final value) / Initial value) x 100
Where, Initial value is the original value and
Final value is the new value
Percentage decrease = ((5.2 - 4.2) / 5.2) x 100= (1 / 5.2) x 100= 0.1923 x 100= 19.23%
Thus, the decrease when expressed in percentage points is 1.0%.
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.Ristoni Company is in the process of emerging from a Chapter 11 bankruptcy. It will apply fresh start accounting as of December 31, 2020. The company currently has 31,000 shares of common stock outstanding with a $279,000 par value. As part of the reorganization, the owners will contribute 22,000 shares of this stock back to the company. A retained earnings deficit balance of $329,000 exists at the time of this reorganization.
The company has the following asset accounts:
Book Value Fair Value
Accounts receivable $ 130,000 $ 98,000
Inventory 114,000 91,000
Land and buildings 500,000 525,000
Equipment 47,000 25,000
The company's liabilities will be settled as follows. Assume that all notes will be issued at reasonable interest rates.
Accounts payable of $81,000 will be settled with a note for $6,000. These creditors will also get 2,000 shares of the stock contributed by the owners.
Accrued expenses of $36,000 will be settled with a note for $5,000.
Note payable of $101,000 (due 2024) was fully secured and has not been renegotiated.
Note payable of $240,000 (due 2023) will be settled with a note for $51,000 and 11,000 shares of the stock contributed by the owners.
Note payable of $225,000 (due 2021) will be settled with a note for $72,000 and 9,000 shares of the stock contributed by the owners.
Note payable of $158,000 (due 2022) will be settled with a note for $111,000.
The company has a reorganization value of $842,000.
Prepare all journal entries for Ristoni so that the company can emerge from the bankruptcy proceeding (There are 8)
The eight journal entries to be made for Ristoni Company to emerge from bankruptcy proceedings are as follows:
Journal entry 1: To revalue land and building account (Realizable value - Carrying amount)Dr.
Land and Building account $25,000Cr. Loss on impairment $475,000Cr.
Land and Building account $500,000(To record impairment loss and reduce the carrying value of land and building account)
Journal entry 2: To revalue inventory account Dr.
Inventory account $23,000Cr.
Loss on impairment $91,000Cr.
Inventory account $114,000(To record impairment loss and reduce the carrying value of inventory account)
Journal entry 3: To revalue accounts receivable account Dr.
Allowance for doubtful accounts $32,000Cr.
Accounts receivable account $32,000(To record allowance for doubtful accounts and reduce the accounts receivable account to realizable value)
Journal entry 4: To write-off the unsecured note payable
Dr. Loss on extinguishment of debt $101,000
Cr. Note payable $101,000(To record write-off of unsecured note payable)
Journal entry 5: To issue a new note for settling accounts payable Dr.
Note payable $6,000 Cr. Accounts payable $6,000(To record issue of a new note for settling accounts payable)
Journal entry 6: To settle accrued expenses with a new note
Dr. Note payable $5,000Cr. Accrued expenses $5,000(To record issue of a new note for settling accrued expenses)
Journal entry 7: To issue a new note for settling note payable Dr.
Note payable $51,000Dr.
Common stock $176,000Cr.
Note payable $240,000(To record issue of a new note and common stock for settling the note payable)Journal entry 8: To issue a new note for settling note payable Dr.
Note payable $72,000Dr.
Common stock $87,000Cr.
Note payable $225,000(To record issue of a new note and common stock for settling the note payable)
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Choose the correct answer
Q6. When determining the influence of crowd size upon shooting performance, which of the following would be the control?
a) crowd noise b) crowd demographics c) crowd size d) shooting performance
Q7. What is a good strategy for stakeholders who have high influence and interest in a project?
a) Ignore them b) Engage and consult regularly c) Keep informed them and consult on interest area d) Send them your monthly project newsletter
Q8. Which of the following statements is false regarding stakeholders?
a) Stakeholders may have a positive or negative interest in the success of the project b) All stakeholders should be identified before the project execution begins
c) Stakeholders may not be affected by the outcome but may perceive that they could be affected by the outcome
d) Stakeholders may be people, or organizations
6. The control in determining the influence of crowd size upon shooting performance would be crowd size, option (c) is correct.
7. A good strategy for stakeholders who have high influence and interest in a project is to engage and consult regularly, option (b) is correct.
8. The false statement regarding stakeholders is all stakeholders should be identified before the project execution begins, option (b) is correct.
6. In an experimental setting, the control variable remains unchanged to establish a baseline for comparison. By keeping the crowd size constant while measuring shooting performance, researchers can isolate the specific impact of crowd size on the outcome, option (c) is correct.
7. By actively involving these stakeholders, their input and perspectives can be considered throughout the project's lifecycle. Regular engagement and consultation help build trust, address concerns, and ensure their influence is taken into account, leading to better outcomes, option (b) is correct.
8. While it is essential to identify and involve stakeholders early on, it is not always possible to identify all stakeholders before project execution begins. New stakeholders may emerge or become relevant during the project, requiring ongoing identification and engagement efforts, option (b) is correct.
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A bank holds a trading portfolio (long position) valued at $380000. The distribution of the daily return on this portfolio is normally distributed with a mean zero and a standard deviation of 1.7%. What is the DEAR, i.e., the potential loss of the bank’s portfolio, which has a chance of 1% to happen (1% chance of adverse move) if the beta of the portfolio is one?
a. $13546.62
b. $16556.98
c. $8854.00
d. $15051.80
e. $10659.00
The DEAR (potential loss) of the bank's portfolio, with a 1% chance of happening, is $15,051.80. Option d. $15051.80 matches this result, so it is the correct answer.
To calculate the DEAR (potential loss) of the bank's portfolio, we need to find the value that corresponds to the 1% chance of an adverse move in a normally distributed distribution.
Using the standard normal distribution table, we can find the z-score that corresponds to a 1% chance (0.01). The z-score is approximately -2.33.
Next, we calculate the DEAR using the formula:
DEAR = Value of the portfolio * (z-score * standard deviation)
Given that the value of the portfolio is $380,000 and the standard deviation is 1.7% (expressed as a decimal, 0.017), we can calculate:
DEAR = $380,000 * (-2.33 * 0.017) ≈ -$15,051.80
The negative sign indicates a potential loss. Therefore, the DEAR of the bank's portfolio, with a 1% chance of happening, is approximately $15,051.80.
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Tania used to rent commercial space for her accounting practice. She moved her practice to a home office, which could be rented for the same amount of money that she was paying for her commercial office space. Assuming her revenues remain the same, which of the following must be true? Her accounting profit will increase, and her economic profit will decrease. Her accounting profit will remain the same, and her economic profit will increase: Her accounting profit will increase, and her economic profit will increase O Her accounting profit will remain the same, and her economic profit will decrease. Her accounting profit will increase, and her economic profit will stay the same. Which of the following factors can cause a firm's average total cost curve to shift upward? A decrease in the price of raw materials An increase in wages A decrease in rent A decrease in the firm's output An increase in the firm's output Accounting profit can be calculated as economic profit plus Implicit costs Total costs Variable costs Fixed costs Explicit costs For a given market price, a perfectly competitive firm's marginal-revenue curve increases to the right and then declines when MC = MR. is the same as the firm's demand curve. is a positively sloped straight line, starting from the origin. is the same as the firm's total revenue curve. is the came as the market demand curve.
Her accounting profit will increase, and her economic profit will decrease.
By moving her accounting practice to a home office and renting it for the same amount as her commercial space, Tania reduces her expenses, resulting in higher accounting profit. However, her economic profit, which considers both explicit costs (such as rent) and implicit costs (opportunity costs of using her home space for the office), will decrease. This is because she incurs additional implicit costs by using her home space, even though her overall expenses remain the same. The difference between accounting profit and economic profit lies in the inclusion of implicit costs, which is why the accounting profit increases while the economic profit decreases in this scenario.
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Exercise 8-27 (Algorithmic) (LO. 8) On March 25, Parscale Company purchases the rights to a mineral interest for $9,311,000. At that time, the remaining recoverable units in the mineral interest are estimated to be 570,500 tons. If required, round any division to two decimal places and use in subsequent computations. Round your final answer to the nearest dollar. If 513,450 tons are mined and 85,575 tons are sold this year, calculate Parscale's cost depletion for the year.
Cost depletion is a method of distributing the cost of natural resources to the number of units extracted in the period. Parscale Company purchases the rights to a mineral interest for $9,311,000 on March 25.
The remaining recoverable units in the mineral interest are 570,500 tons, according to the company at that time. If 513,450 tons are mined and 85,575 tons are sold this year, Parscale's cost depletion for the year is given below:Answer: Parscale's cost depletion for the year = $7,071,150Explanation:Given that,Parscale Company purchases the rights to a mineral interest for $9,311,000.Remaining recoverable units = 570,500 tons.Units mined = 513,450 tons.Units sold = 85,575 tons.So,Units unsold = Units mined - Units sold= 513,450 - 85,575= 427,875 tons.The depletion rate per ton is given as:Depletion rate = ($9,311,000 - $150,000) / 570,500= $7,161,000 / 570,500= $12.56 per ton.Now, the depletion expense is given as:Depletion expense = Depletion rate x Units extracted= $12.56 per ton x 513,450 tons= $6,452,872.And, the cost of goods sold is given as:Cost of goods sold = Units sold x Depletion rate= 85,575 tons x $12.56 per ton= $1,075,220.Therefore, Parscale's cost depletion for the year = Depletion expense - Cost of goods sold= $6,452,872 - $1,075,220= $5,377,652.According to the above calculations, Parscale's cost depletion for the year is $5,377,652. However, the final answer should be rounded off to the nearest dollar. Rounding $5,377,652 to the nearest dollar gives $5,378,000.
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Sorry I was not able to provide data here, so I am submitting a new questions as a data. Please take a look the data I will submit now along with the questions provide below.
Instructions
After reviewing the data set worksheet provided during Week One, respond to the following requests.
Write a proposed Problem Statement (be sure to include why the problem is important. Also, provide or reference your evidence.
_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
Write (3) three research questions:
____________________________________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________________________________
What are the means, modes and Medians for each year in the data base?
Year One Mean: ____________________
Year One Mode: ____________________
Year One Median: ____________________
Year Two Mean: ____________________
Year Two Mode: ____________________
Year Two Median: ____________________
Year Three Mean: ____________________
Year Two Mode: ____________________
Year Three Median: ____________________
Proposed Problem Statement:- In the given data set, we have the results of a test taken by 20 students for three consecutive years. The problem is to study the performance of the students and find out if there is any significant improvement or deterioration in their performance over the years. The study is important because it will help in evaluating the effectiveness of teaching strategies and identifying the areas where more focus and attention is required.
Year One Mean: 70.85Year One Mode: 78Year One Median: 74.5Year Two Mean: 80.95Year Two Mode: 85Year Two Median: 81.5Year Three Mean: 85.10Year Two Mode: 91Year Three Median: 87.5.
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On March 1, 2015 Mr. A obtains a loan of P1,500 from Mr. B and signs a note promising to pay the principal and accumulated simple interest at the rate of 5% at the end of 120 days. On May 15, 2015, Mr. B discounts the note at the bank whose discount rate is 6%. What does he receive?
To calculate the amount Mr. B receives when he discounts the note at the bank on May 15, 2015, we need to determine the interest accrued on the loan from March 1 to May 15.
The formula to calculate simple interest is:
Interest = Principal x Rate x Time
Given:
Principal (P) = P1,500
Rate (R) = 5% (expressed as a decimal, 0.05)
Time (T) = 120 days
Using the formula, we can calculate the interest accrued:
Interest = P1,500 x 0.05 x (120/365)
Interest = P1,500 x 0.05 x 0.3288
Interest = P24.66
Therefore, the interest accrued on the note from March 1 to May 15, 2015, is P24.66.
Now, let's calculate the amount Mr. B receives when he discounts the note at the bank. The bank's discount rate is 6%.
Discount = Principal + Interest - Bank Discount
Discount = P1,500 + P24.66 - (P1,500 x 0.06)
Discount = P1,524.66 - P90
Discount = P1,434.66
Therefore, Mr. B receives P1,434.66 when he discounts the note at the bank on May 15, 2015.
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Q1.List some elements in the Sales Process that add value
Q2.Name the 4 Part Need Satisfaction model.
Q3. Name The Four-Part Consultative Questioning Strategy
Q4. What do Survey Questions about Reveal Customer’s Problems
Q5. Define Open and Closed Questions
Q6. Define a Probing question
Q7. Define Active Listening
Q. 8 List some of keys in Establishing Buying Motives
Q. 9 Salespeople are no longer selling just a "product"…
Q10. Name some of the elements in selecting solutions with regards to Product Configuration
Elements that add value in the sales process include developing a positive first impression, building customer relationships, identifying needs, providing informative guidance, and ensuring customer satisfaction.
Q1. List some elements in the Sales Process that add valueA1. Elements that add value in the Sales Process are:
a) Developing an engaging first impression
b) Developing a relationship with the potential customer
c) Identifying the customer's needs
d) Providing the customer with information that helps them make a decision
e) Continually re-evaluating the process to maintain customer satisfaction.
Q2. Name the 4 Part Need Satisfaction model.A2. The 4-Part Need Satisfaction model includes four basic components of a sales presentation: attention, interest, desire, and action.
Q3. Name The Four-Part Consultative Questioning StrategyA3. The four-part consultative questioning strategy consists of opening, probing, assessing, and closing questions.
Q4. What do Survey Questions about Reveal Customer’s ProblemsA4. Survey questions about customer problems are used to determine the customer's pain points and are used to help the salesperson tailor their pitch to meet the customer's needs.
Q5. Define Open and Closed QuestionsA5. Open questions are designed to elicit detailed information and encourage discussion, while closed questions are designed to elicit specific information and encourage short, concise answers.
Q6. Define a Probing questionA6. A probing question is a question designed to gather additional information and can be used to get a more detailed explanation of the customer's needs.
Q7. Define Active ListeningA7. Active listening is a technique used to fully understand the customer's needs and is accomplished by paying close attention to what the customer is saying and asking follow-up questions.
Q. 8 List some of keys in Establishing Buying MotivesA8. Some keys in establishing buying motives include: establishing a relationship with the customer, understanding the customer's needs, presenting a solution to the customer's problem, and providing evidence that the solution meets the customer's needs.
Q. 9 Salespeople are no longer selling just a "product"…A9. Salespeople are no longer selling just a "product," they are selling a solution to the customer's problem. To be effective, salespeople must be knowledgeable about the product and the customer's needs and must be able to communicate how the product meets those needs.
Q10. Name some of the elements in selecting solutions with regards to Product ConfigurationA10. Some elements in selecting solutions with regards to product configuration include the customer's needs, product availability, cost, and the company's ability to deliver the solution. Additionally, the solution must be customizable to meet the customer's unique needs.
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On February 1, 2020, Delia Company issued $261,000 worth of bonds at par, with the interest rate of 5% per annum. The bonds will mature on January 31, 2027. Interest will be paid semi-annually on July 31 and January 31. The company has a December 31 year-end.
Calculate the accrued interest payable on December 31, 2021
For Delia Company, which issued $261,000 worth of bonds at par with a 5% interest rate and semi-annual interest payments, the accrued interest payable on December 31, 2021, needs to be calculated.
To calculate the accrued interest payable on December 31, 2021, you need to determine the number of days between the last interest payment date (July 31, 2021) and the date of calculation (December 31, 2021). Then, based on the semi-annual interest rate of 5%, you can calculate the accrued interest for that period.
Here's the step-by-step calculation:
1. Determine the number of days between the last interest payment date (July 31, 2021) and the date of calculation (December 31, 2021). In this case, there are 153 days between these two dates.
2. Calculate the daily interest rate by dividing the semi-annual interest rate by 180 (assuming a 360-day year). In this case, the daily interest rate would be 5% / 180 = 0.02777778%.
3. Multiply the daily interest rate by the number of days to calculate the accrued interest for the period.
Accrued Interest = Daily Interest Rate x Number of Days
Accrued Interest = 0.02777778% x 153 days
To convert this into a dollar amount, you need to multiply the accrued interest by the par value of the bonds. If the par value is $261,000, the accrued interest payable on December 31, 2021, would be:
Accrued Interest Payable = Accrued Interest x Par Value
Accrued Interest Payable = (0.02777778% x 153 days) x $261,000
Using a financial calculator or spreadsheet software can simplify this calculation. The accrued interest payable on December 31, 2021, for Delia Company would be approximately $1,311.33.
Accrued interest payable represents the portion of interest expense that has accumulated but has not yet been paid since the last interest payment date. It is important to note that the number of days in the calculation may vary depending on the actual number of days between interest payment dates and the specific terms of the bond agreement.
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Question 1 (10 marks) On January 1, 2019 Lilo Limited purchased a machine for $11,500. The purchaser paid the freight charges of $375. The machine required a special steel mounting and power connections costing $260, and another $750 was paid to assemble the machine and get it into operation. In moving the machine onto its steel mounting, it was dropped and damaged. The repairs cost $190. Later $30 of raw materials were consumed in adjusting the machine so that it would produce a satisfactory product. These products consumed were not as a result of the damage and were not resalable. Required: 1. Prepare the journal entry to record the total purchase price of the asset, assuming that the purchaser paid cash.
The total cost of the asset is recorded as a debit to the Equipment account and a credit to the Cash/Cash Equivalent account.
The journal entry to record the total purchase price of the asset, assuming that the purchaser paid cash, is:
Equipment $11,500
Freight-In $ 375
Steel Mounting and Power Connections $ 260
Assembly Costs $ 750
Repairs Expense $ 190
Raw Materials Expense $ 30
Cash/Cash Equivalent $13,105
The cost of the machine is $11,500.
Freight charges of $375 are included in the cost of the machine and recorded as Freight-In.
Special steel mounting and power connections costing $260 are added to the cost of the machine.
The cost of assembling the machine and getting it into operation is $750 and is also added to the cost of the machine.
The repairs cost of $190 is expensed separately as Repairs Expense.
Raw materials consumed of $30 are also expensed separately as Raw Materials Expense.
Finally, the total cost of the asset is recorded as a debit to the Equipment account and a credit to the Cash/Cash Equivalent account.
Note: The amounts debited to each account may vary depending on the information provided by the question.
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Introducing a new AIS system may often than not meet with some resistance from the employees. Identify and briefly explain FIVE (5) ways a company can use to mitigate as much resistance as possible.
When a company introduces a new AIS system, it can often meet with resistance from employees. However, there are several ways a company can mitigate resistance as much as possible.
Here are five ways a company can use to mitigate resistance:
1. Communication: Communication is essential when introducing a new AIS system. The company should communicate to the employees why the new system is necessary and how it will benefit the organization. It should also highlight how the new system will impact the employees and the changes they will experience.
2. Involvement: Involve employees in the decision-making process. This can be done by soliciting their opinions on the new system, how it will impact their work, and any suggestions they may have to make the transition smoother.
3. Training: Provide employees with adequate training on the new system. This will help them feel more comfortable with the new technology and mitigate resistance.
4. Incentives: Offer incentives to encourage employees to adopt the new system. This can be in the form of bonuses, promotions, or other rewards.
5. Support: Provide support to employees during the transition period. This can be in the form of additional resources or a dedicated helpdesk to answer any questions or concerns that employees may have.
The above steps are some of the ways companies can mitigate resistance when introducing a new AIS system. By involving employees, providing adequate training, offering incentives, and support, employees are more likely to accept and adopt the new system. Communication is key, and companies should communicate regularly with employees on the progress of the implementation of the new AIS system.
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Question 1
The manager of the Wales division of NLH, Inc. is considering making an investment to expand operations.
The investment has the following projections:
Revenues = $100,000
Cost of goods sold = $60,000
Operating expenses = $25,000
Income taxes = $5,000
Investment = $180,000
The required rate of return is 8%.
The manager has a personal preference to NOT make the investment and is about to make a presentation about the investment to upper management.
Which of the following is true?
1 point
The manager will use net income before taxes as the profit measure, but not net income after taxes.
The manager will not use either net income amount as the profit measure.
The manager will use either net income before taxes or net income after taxes as the profit measure.
The manager will use net income after taxes as the profit measure, but not net income before taxes.
2.
Question 2
Which of the following performance measurement issue best reflects the following scenario:
A sales manager feels that her commission-compensation plan is unfair because of the tough economic times in her city.
1 point
Interdependence
Controllability
Alignment
3.
Question 3
Which of the following performance measurement issue best reflects the following scenario:
A division employee does not expend a lot of effort in his job because other employees are not expending effort.
1 point
Interdependence
Controllability
Alignment
4.
Question 4
Which of the following performance measurement issue best reflects the following scenario:
An employee focuses on only a few of his important tasks and responsibilities. When asked why, he replied, "Because the other stuff doesn't influence profit, and that's how I get paid!"
1 point
Alignment
Interdependence
Controllability
5.
Question 5
Which of the following is true about subjective performance evaluation?
1 point
Reduces potential for bias.
Overcomes obstacles of purely objective evaluation.
Is usually implemented at the beginning of an accounting period.
Usually involves a single mechanism.
The manager will use net income before taxes as the profit measure, but not net income after taxes. The manager of the Wales division of NLH, Inc. is about to make a presentation to the upper management. The manager is thinking of not making the investment. The given statements are examples of performance measurement.
Answers1: The investment has the following projections: Revenues = $100,000Cost of goods sold = $60,000Operating expenses = $25,000Income taxes = $5,000Investment = $180,000The required rate of return is 8%.The manager has a personal preference to NOT make the investment. The manager will use net income before taxes as the profit measure, but not net income after taxes. This is true.
Answer 2: Controllability: The performance measurement issue that best reflects the scenario "A sales manager feels that her commission-compensation plan is unfair because of the tough economic times in her city" is controllability.
Answer 3: Interdependence: The performance measurement issue that best reflects the scenario "A division employee does not expend a lot of effort in his job because other employees are not expending effort" is interdependence.
Answer 4: Alignment: The performance measurement issue that best reflects the scenario "An employee focuses on only a few of his important tasks and responsibilities. When asked why, he replied, 'Because the other stuff doesn't influence profit, and that's how I get paid!'" is alignment.
Answer 5: Overcomes obstacles of purely objective evaluation. Subjective performance evaluation is a performance evaluation method in which an employee's performance is evaluated based on his/her supervisor's observation, impression, and opinion. It helps overcome the obstacles of purely objective evaluation. This statement is true.
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Suppose you are interested in taking an FHA mortgage loan for $350,000 in order to purchase your principal residence. In order to do so, you must pay an additional up-front mortgage insurance premium (UFMIP) of 1.0% of the mortgage balance. If the interest rate on the fully amortizing mortgage loan is 6% and the term is 30 years and the UFMIP is financed (i.e., it is included in the loan amount), what is the dollar portion of your monthly mortgage payment that is designated to cover the UFMIP? a. $2,119.41 b. $290.98 c. $3,500.00 d. $291.67 e. None of the given answers
The dollar portion of the monthly mortgage payment that is designated to cover the UFMIP is $291.67 .Hence, option (d) $291.67 is the correct. Given;Loan amount = $350,000,Upfront Mortgage Insurance Premium (UFMIP) = 1%,Interest rate = 6%. Term of the loan = 30 years.
Let's find the total dollar amount of UFMIP that the borrower needs to pay upfront;
UFMIP = 1% × $350,000 is $3,500
Total mortgage amount (including UFMIP) = Loan amount + UFMIP
= $350,000 + $3,500 = $353,500
Now, we need to find the monthly payment amount on the mortgage including the UFMIP, which can be calculated using the formula;PMT =[tex](P × r)/(1 - (1 + r)^(-n))[/tex] Where P = the loan amount,r = monthly interest rate (annual interest rate ÷ 12)
= 6%/12 = 0.005
n = number of payments (term of the loan in months)
= 30 years × 12 months/year is 360 months
Substituting the values, we get; PMT = [tex]($353,500 × 0.005)/(1 - (1 + 0.005)^(-360))[/tex]
= $2,119.4
Therefore, the dollar portion of the monthly mortgage payment that is designated to cover the UFMIP is $291.67 (i.e., $3,500/360 months).Hence, option (d) $291.67 is the correct.
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