Answer:
$21.42
Explanation:
The computation of fixed component in the predetermined overhead rate is shown below:-
Fixed component in the predetermined overhead rate = Fixed Overhead ÷ Machine Hours
= $87,822 ÷ 4,100
= $21.42
Therefore for computing the fixed component in the predetermined overhead rate we simply divide the fixed overhead by machine hours.
And all the other information i.e given is not relevant. Hence, ignored it
niversal Studios sold the Mamma Mia! DVD around the world. Universal charged $21.40 in Canada and $32 in Japanlong dashmore than the $20 it charged in the United States. Assume Universal's marginal cost of production (m) is $1.20. Determine what the elasticities of demand must be in Canada and in Japan if Universal is profit maximizingLOADING.... The elasticity of demand in Canada must be epsilon Subscript Upper Cequals nothing. (Enter a numeric response using a real
Answer:
Explanation:
Lerner Index = -1 / Elasticity of demand = (P - MC) / P
(1) Canada:
- 1 / Ec = (21.4 - 1.20) / 21.4
- 1 / Ec = 20.2 / 21.4
- 1 / Ec = 0.9344
Ec = -1 / 0.9344
Ec = - 1.059
(2) Japan:
Lerner Index = -1 / Elasticity of demand = (P - MC) / P
- 1 / Ej = (32 - 1.2) / 32
- 1 / Ej = 30.8 / 32
- 1 / Ej = 0.9625
Ej = -1 / 0.9625
Ej = - 1.039
The Brenmar Sales Company had a gross profit margin (gross profitsdivided bysales) of 26 percent and sales of $ 8.3 million last year. 78 percent of the firm's sales are on credit, and the remainder are cash sales. Brenmar's current assets equal $ 1.9 million, its current liabilities equal $ 298 comma 900, and it has $ 108 comma 800 in cash plus marketable securities. a. If Brenmar's accounts receivable equal $ 562 comma 300, what is its average collection period? b. If Brenmar reduces its average collection period to 15 days, what will be its new level of accounts receivable? c. Brenmar's inventory turnover ratio is 9.2 times. What is the level of Brenmar's inventories?
Answer:
a. 31.70 days
b. $266,054.79
c. $667,608.70
Explanation:
a. If Brenmar's accounts receivable equal $ 562 comma 300, what is its average collection period?
Credit sales = $8,300,000 * 78% = $6,474,000
Average collection period = (Accounts receivable / Credit sales) * 365 = ($562,300 / $6,474,000) * 365 = 31.70 days
b. If Brenmar reduces its average collection period to 15 days, what will be its new level of accounts receivable?
Average Collection Period=365*Account Receivables/Credit Sales
New Account Receivables =Average Collection Period * (Credit Sales / 365) = 15 * ($6,474,000 / 365) = $266,054.79
c. Brenmar's inventory turnover ratio is 9.2 times. What is the level of Brenmar's inventories?
Gross Profit = Sales * Gross Profit Margin = $8,300,000 * 26% = $2,158,000
Cost of goods sold = Sales - Gross Profit = $8,300,000 - 2,158,000 = $6,142,000
Inventory = Cost of goods sold / Inventory Turnover Ratio = $6,142,000 / 9.2 = $667,608.70
Byron Books Inc. recently reported $6 million of net income. Its EBIT was $12.6 million, and its tax rate was 40%. What was its interest expense? [Hint: Write out the headings for an income statement, and then fill in the known values. Then divide $6 million of net income by (1 - T) = 0.6 to find the pretax income. The difference between EBIT and taxable income must be interest expense. Use this same procedure to complete similar problems.] Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary. Do not round intermediate calculations.
Answer:
he35
Explanation:
h
Materials used by the Instrument Division of Ziegler Inc. are currently purchased from outside suppliers at a cost of $1,350 per unit. However, the same materials are available from the Components Division. The Components Division has unused capacity and can produce the materials needed by the Instrument Division at a variable cost of $900 per unit.
Assume that a transfer price of $1,200 has been established and that 75,000 units of materials are transferred, with no reduction in the Components Division's current sales.
a. How much would Ziegler Inc.'s total operating income increase?
$
b. How much would the Instrument Division's operating income increase?
$
c. How much would the Components Division's operating income increase?
$
Answer:
(a) $33750000 (b) $11250000 (c) $22500000
Explanation:
Solution
(a) How much would Ziegler Inc. total income of operating increase.
Now,
Units * (Cost of purchased from outside supplier - Variable cost)
Thus,
75000 * ($1350 - $900) = $33750000
(b) How much would the Instrument Division's operating income increase
Now,
The Units * (Cost of purchased from outside supplier - Transfer Price)
So,
75000 units * ($1350 - $1200) = $11250000
(C) How much would the Components Division's operating income increase?
Now,
Units * (Transfer Price - Variable cost)
75000 units * ($1200 - $900) = $22500000
Forty-three percent of Americans use social media and other websites to voice their opinions about
television programs (the Huffington Post, November 23, 2011). Below are the results of a survey of
1364 individuals who were asked if they use social media and other websites to voice their opinions
about Television programs
Uses Social Media and Other Websites to
Voice Opinions About Television Programs
Doesn’t Use Social Media and
Other Websites to Voice
Opinions About Television
Programs
Female 395 291
Male 323 355
a. Show a joint probability table. (2 marks)
b. What is the probability a respondent is female? (2 marks)
c. What is the conditional probability a respondent uses social media and other websites to voice
opinions about television programs given the respondent is female? (3 marks)
d. Let F denote the event that the respondent is female and A denote the event that the
respondent uses social media and other websites to voice opinions about television programs.
Are events F and A independent?
Answer:
(a) 0.2896 (b) 0.5029 (c)0.5758 (d)In this case they are dependent because the gender is segregated as social media user or not as asocial media worker. the probability and variable is tied to it
Explanation:
Solution
(a)In a survey of 1,364 people, 395 were females who used social media and 232 did not. of males 232 use social media and 355 did not
To make or develop a probability table, take each group and divide their number by their total for example female that use social media is 395 of a total of 1364
395/1364 =0.2896
The probability that a woman uses social media in the survey is 0.2896
so,
A B T
Female 0.2896 0.2133 0.5029
Male 0.2368 0.2603 0.4971
Total 0.5264 0.4736 1.00
(b) To find the probability of a surveyed person being a female, we divivde the total number of females by the whole number, shown below
686/1364 = 0.5029
(c)Conditional probability is defined using the formula which is shown below:
P(A/B) = P(A∩B)/P(B)-------(1)
Where P(A∩B) is the probability of females that use social media 0.2896 and P(B) is the total female probability which is 0.5029
Now we substitute the values in the equation 1 and calculate the probability as shown below:
P(A/B) = 0.2896/0.5029 =0.5758
the conditional probability that are surveyed person is female and uses social media is 0.5758
(d) In this case they are dependent because the gender is segregated as social media user or not as asocial media worker. the probability and variable is tied to it
Suppose that you are the international treasurer of Apple with an extra U.S. $10 million to invest for 9 months. You are considering the purchase of U.S. T-bills that yield 1.50% annual rate. The spot exchange rate is $1.00 = ¥100, and the 9 month forward rate is $1.00 = ¥110. What must the interest rate in Japan be before you are willing to consider investing there for 9 months? A. 14.5515 B. <8.8975 C. >13.4983 D. 12.5050
Answer:
Japan Interest Rate = 0.15%
Explanation:
As per Interest Rate Parity Theory
Spot Rate : 1$ = 100
Forward Rate : 1 $ = 110
r = 9/12
As per interest rate parity, forward rate = Spot rate(1+Interest rate Japan)/(1+Interest rate US)
Forward rate = Spot rate *(1+ iD)/(1+iF)
110 / 100 = (1 + Japan Interest Rate * 9 /12) / 1.01125
1.1 * 1.01125 = 1 + Japan Interest Rate * 0.75
1.112375 = 1 + Japan Interest Rate * 0.75
Japan Interest Rate * 0.75 = 1.112375 - 1
Japan Interest Rate * 0.75 = 0.112375
Japan Interest Rate = 0.112375 / 0.75
Japan Interest Rate = 0.15%
Your bagel shop uses both capital and labor in the production of bagels. In this production process capital and labor are substitutes. If you install a new oven and the marginal product of capital increases, you will:
a. reduce the number of workers you employ
b. increase the number of workers you employ
c. reduce the amount of capital you are using not make any changes since you are already maximizing profit
Answer:
The answer is option A) reduce the number of workers you employ
Explanation:
Installing a new oven is capital intensive. So, for a business person to incur an additional capital cost to aid the efficiency of production, something has to give.
In this case, where capital and labor are substitutes, installing a new oven will drastically reduce the workload thereby necessitating a reduction in the number of workers.
By implication, the cost of paying wages which is a recurrent expenditure will reduce. In the long run and if the oven is maintained, it will e a very cost effective option.
Installing a new oven also suggests a marginal increment in capital.
A company incurs $3,600,000 of overhead each year in three departments: Processing, Packaging, and Testing.
The company performs 800 processing transactions, 200,000 packaging transactions, and 2,000 tests per year in producing 400,000 drums of Oil and 600,000 drums of Sludge.
The following data are available:
Department Expected Use of Driver Cost
Processing 800 $1,500,000
Packaging 200,000 1,500,000
Testing 2,000 600,000
Production information for the two products is as follows:
Oil Sludge
Department Expected Use of Driver Expected Use of Driver
Processing 300 500
Packaging 120,000 80,000
Testing 1,600 400
The amount of overhead assigned to Sludge using ABC is
a. $1,800,000.
b. $1,657,500.
c. $1,942,500.
d. $1,380,000.
Answer:
its 1,800,000
because it the answer
The Widget Co. purchased all of its fixed assets three years ago for $4 million. These assets can be sold today for $2 million. The current balance sheet shows net fixed assets of $2,500,000, current liabilities of $1,375,000, and net working capital of $725,000. If all the current assets were liquidated today, the company would receive $1.9 million in cash. The book value of the total assets today is ________ and the market value of those assets is ________. $6,500,000; $3,900,000 $4,600,000; $3,125,000 $5,000,000; $3,125,000 $4,600,000; $3,900,000 $5,000,000; $3,900,000
Answer:
$4,600,000; $3,900,000
Explanation:
Book value of the asset are the recorded costs of the assets included any adjustments like depreciation or amortization. Market value is the fair value and Ne realizable value of the assets.
Total Assets = Fixed Assets + Current Assets
Total Assets = Fixed Assets + (Working capital + Current Liabilities)
Placing Value in above formula
Total Assets = $2,500,000 + ($725,000 + $1,375,000)
Total Assets = $4,600,000
Market Value = Fair value of Fixed assets + Current assets fair value
Market Value = $2,000,000 + $1,900,000 = $3,900,000
Colil Computer Systems, Inc., manufactures printer circuit cards. All direct materials are added at the inception of the production process. During January, the accounting department noted that there was no beginning inventory. Direct materials of $ 300 comma 000 were used in production during the month. Workminusinminusprocess records revealed that 12 comma 500 card units were started in January, 6 comma 250 card units were complete, and 4 comma 000 card units were spoiled as expected. Ending workminusinminusprocess card units are complete in respect to direct materials costs. Spoilage is not detected until the process is complete. What is the direct material cost assigned to good units completed? A. $ 258 comma 621 B. $ 150 comma 000 C. $ 96 comma 000 D. $ 246 comma 000
Answer:
D. $246,000
Explanation:
As per the given question the solution of direct material cost assigned to good units completed is provided below:-
To reach Cost transferred out we need to follow some steps which is following below:-
Step 1. Cost per unit = cost of material used ÷ Units started
= $300,000 ÷ 12,500
= $24
Now,
Step 2. Goods units completed = Started units × Cost per unit
= 6,250 × $24
= $150,000
Step 3. Normal spoilage = Cards units × Cost per unit
= 4,000 × $24
= $96,000
and finally
Cost transferred out = Goods units completed + Normal spoilage
= $150,000 + $96,000
= $246,000
To reach allocation of Cost transferred out we simply put the values into formula.
Data collected from selected major metropolitan areas in the eastern United States show that 5% of individuals living within the city limits move to the suburbs during a one-year period, while 2% of individuals living in the suburbs move to the city during a one-year period.
Prepare the matrix of transition probabilities.
A company uses the percent of receivables method to determine its bad debts expense. At the end of the current year, the company's unadjusted trial balance reported the following selected amounts: Accounts receivable $ 382,000 debit Allowance for uncollectible accounts 570 credit Net Sales 870,000 credit All sales are made on credit. Based on past experience, the company estimates that 5% of receivables are uncollectible. What amount should be debited to Bad Debts Expense when the year-end adjusting entry is prepared
Answer:
$18,530
Explanation:
The computation of the amount debited to the bad debt expense is shown below:
= Account receivable × estimated uncollectible percentage - credit balance of allowance for uncollectible accounts
= $382,000 × 5% - $570
= $19,100 - $570
= $18,530
We simply applied the above formula so that the amount debited to bad debt expense could come
(Ignore income taxes in this problem) The management of Serpas Corporation is considering the purchase of a machine that would cost $180,000, would last for 5 years, and would have no salvage value. The machine would reduce labor and other costs by $46,000 per year. The company requires a minimum pretax return of 13% on all investment projects. The net present value of the proposed project is closest to:
Answer:
-$18,207
Explanation:
Net present value is the Net value all cash inflows and outflows in present value term. All the cash flows are discounted using a required rate of return.
Net Present Value = Initial Investment + Present value of reduced Labor and other costs
Net Present value = -$180,000 + $46,000( 1 - ( 1 + 13% )^-5 / 13% )
Net Present value = -$180,000 + 161,793
Net Present value = -$18,207
Kelly’s Jewelry has the following transactions during the year: total jewelry sales = $640,000; sales discounts = $14,500; sales returns = $39,000; sales allowances = $19,000. In addition, at the end of the year the company estimates the following transactions associated with jewelry sales in the current year will occur next year: sales discounts = $1,450; sales returns = $4,680; sales allowances = $2,530. Compute net sales.
Answer:
$559,020
Explanation:
The computation of net sales is shown below:-
Total sales = $640,000
Sales discount = $14,500 + $1,450
= $15,950
Sales return = $39,000 + $4,680
= $43,680
Sales allowance = $19,000 + $2,530
= $21,350
So,
Net sales = Total sales - Sales discount - Sales return - Sales allowance
= $640,000 - $15,950 - $43,680 - $21,350
= $559,020
Therefore for computing the net sales we simply applied the above formula.
Medallion Cooling Systems, Inc., has total assets of $10,000,000, EBIT of $2,000,000, and preferred dividends of $200,000 and is taxed at a rate of 40%. In an effort to determine the optimal capital structure, the firm has assembled data on the cost of debt, the number of shares of common stock for various levels of indebtedness, and the overall required return on investment:,
a. Calculate earnings per share for each level of indebtedness.,
b. Use Equation 13.12 and the earnings per share calculated in part a to calculate a price per share for each level of indebtedness.,
c. Choose the optimal capital structure. Justify your choice
Answer:
Explanation:
The two attached pictures shows the explanation for this problem. I hope it help you. Thank you
A manufacturing company prepays its insurance coverage for a three-year period. The premium for the three years is $2,700 and is paid at the beginning of the first year. Eighty percent of the premium applies to manufacturing operations and 20% applies to selling and administrative activities. What amounts should be considered product and period costs respectively for the first full year of coverage?
Answer:
$720 and $180
Explanation:
According to the scenario, computation of the given data are as follows:
Premium for 3 years = $2,700
So, premium for 1 year = $2,700 ÷ 3 = $900 per year
Manufacturing operation percentage = 80%
Selling and administrative operation percentage = 20%
So, Premium for manufacturing operation = $900 × 80% = $720
And Premium for selling and admin operation = $900 × 20% = $180
Dylan wants to invest his money in a way that involves less risk and good returns. What should he do?
Dylan should blank his investments to ensure a stable rate of return. He should also choose to invest in blank to ensure less risk and good returns.
Blank 1:
increase
decrease
derisify
Blank 2:
real estate
speculative stock
TIPS
was this ever answered?
Your firm runs a factory that currently produces only jump ropes. You forecast that you will generate $200,000 in after-tax operating cash flows from jump ropes next year. You are considering expanding to produce pogo sticks as well. If you produce pogo sticks then your projected after-tax operating cash flows from jump ropes will be $160,000 and you will have $50,000 in after-tax operating cash flows from pogo sticks.
What are the incremental cash flows that you should consider for this project?
Answer:
Incremental cash-flow $10,000
Explanation:
The incremental cash flow would be the difference between the cash flow before the expansion and after the expansion.
$
After tax cash flow from Jump before the decision 200,000
After tax cash flow from Jump after the decision 160,000
loss in cash flow ( 40,000)
add After tax cash flow from Pogo 50,000
Incremental cash-flow 10,000
Which feature is a point of differentiation between products and services
Answer:
Products are tangible, offered by the companies to the customers in exchange for money.
Services are the intangible economic product that is provided by a person on the other person’s demand. It is an activity carried out for someone else.
Explanation:
Terbium Corporation manufactures water toys. It plans to grow by producing high-quality water toys that are delivered in a timely manner. There are a number of other manufacturers who produce similar water toys. Terbium believes that continuously improving its manufacturing processes and re-engineering processes to downsize and eliminate excess capacity and waste are critical to implementing its strategy. Terbium's strategy is
Answer:
Cost leadership
Explanation:
Cost leadership is defined as the competitive advantage a business has by having the lowest production cost. They are able to sell product at the low price while making a profit.
Cost leadership occurs by a company's efficiency, size, scale, scope and experience.
In this scenario, Terbium believes that continuously improving its manufacturing processes and re-engineering processes to downsize and eliminate excess capacity and waste are critical.
The company is using effiency to gain cost leadership in the industry.
In 2020, Marigold Corp., issued for $102 per share, 86000 shares of $100 par value convertible preferred stock. One share of preferred stock can be converted into three shares of Marigold's $25 par value common stock at the option of the preferred stockholder. In August 2021, all of the preferred stock was converted into common stock. The market value of the common stock at the date of the conversion was $30 per share. What total amount should be credited to additional paid-in capital from common stock as a result of the conversion of the preferred stock into common stock?
Answer:
$2322,000
Explanation:
The computation of amount credited to additional paid-in capital is shown below:-
Amount credited to additional paid-in capital = Issued per share × Number of shares) - (Number if shares × Preferred stock shares converted into three shares × Par value of common stock
= ($102 × 86,000) - (86,000 × 3 × $25)
= $8,772,000 - $6,450,000
= $2322,000
So, for computing the amount credited to additional paid-in capital we simply applied the above formula.
Alden Trucking Company is replacing part of their fleet of trucks by purchasing them under a note agreement with Kenworthy on January 1, 2009. The note agreement will require $10 million in annual payments starting on December 31, 2009 and continuing for a total of five years (final payment December 31, 2013). Kenworthy will charge Alden Trucking Company the market interest rate of 10% compounded annually.
Required:
1. How much will Alden record as a debit to their equipment account and as acredit to their notes payable account on January 1, 2009?
2. How much ofthe first $10 million payment on December 31, 2009 isinterest?
3. What is theremaining obligation on January 1, 2010 after the first payment hasbeen made?
Answer:
1. $37,907,868
2. $3,790,787
3. $31,698,654
Explanation:
The cost of the trucks according to IAS 16, is the amount of cash or cash equivalent paid or the fair value of the other consideration given to acquire an asset at the time of its acquisition.
Thus=, we need to find the Fair Value or Present Value of the Note as Follows:
Pmt = $10,000,000
P/yr = 1
i = 10%
N = 5
Pv = ?
Pv = 37,907,868
Therefore Alden will record $37,907,868 as a debit to their equipment account and as a credit to their notes payable
Interest on First Payment = $37,907,868×10%
= $3,790,787
Remaining Obligation = $37,907,868 - $6,209,213 (Capital Portion) - $3,790,787 (Interest Portion)
= $31,698,654
The following data are taken from the management accounting reports of Dulcimer Co.: Div. ADiv. BDiv. C Income from operations$1,900,000$1,450,000$1,450,000 Total service department charges1,700,0001,050,0001,100,000 If an incentive bonus is paid to the manager who achieved the highest income from operations before service department charges, it follows that a.Division C's manager is given the bonus b.Division B's manager is given the bonus c.Divisions B and C's managers divide the bonus d.Division A's manager is given the bonus
Answer:
Option D
Explanation:
In simple words, the bonus in the given question has to be paid to the managers before the service department charges expenditures which are declining the income from operations. Therefore, it is clearly evident that manager A has best performed in respect to gross revenue collection.
However, the total efficiency is particularly maintained mostly by C division manager as his net income is the highest of them all three. Hence the correct option is D.
One could argue correctly that:
a. all firms in any industry can earn short-run but not necessarily long-run positive economic profit.
b. all firms in any industry can earn long-run but not necessarily short-run positive economic profit.
c. all firms in any industry can earn both short-run and long-run positive economic profit.
d. no firm in any industry can earn a long-run positive economic profit because all price changes made by any firm will be followed by all of the other firms.
e. all firms in any industry can earn a short-run positive profit if economies of scale exist.
Answer:
a. all firms in any industry can earn short-run but not necessarily long-run positive economic profit.
Explanation:
A firm economic profit if its accounting profit is greater than opportunity cost.
A firm earns accounting profit if its total revenue is greater than its total explicit cost.
A monopoly and oligopoly can earn positive economic profit in the short and long run because the industries have high barriers to entry and exit of firms.
On the other hand, a perfect competitive industry can earn only economic profit in the short run. Because of low barriers to entry of firms, if a firm is earning economic profit, in the long run new firms would enter into the industry and drive economic profit to zero.
I hope my answer helps you
Your aunt is about to retire, and she wants to sell some of her stock and buy an annuity that will provide her with income of $53,000 per year for 30 years, beginning a year from today. The going rate on such annuities is 7.25%. How much would it cost her to buy such an annuity today
Answer:
Present Value= $641,494.12
Explanation:
Giving the following information:
Cash flow= $53,000 per year
Number of years= 30 years
Interest rate= 7.25%
First, we need to calculate the final value of the annuity:
FV= {A*[(1+i)^n-1]}/i
A= annual flow
FV= {53,000*[(1.0725^30)-1]} / 0.0725
FV= $5,237,351.32
Now, we can determine the present value:
PV= FV/(1+i)^n
PV= 5,237,351.32/ (1.0725^30)
PV= $641,494.12
Prepare adjusting entries for the following transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 1. Depreciation on equipment is $1,340 for the accounting period. 2. Interest owed on a loan but not paid or recorded is $275. 3. There was no beginning balance of supplies and $550 of office supplies were purchased during the period. At the end of the period $100 of supplies were on hand. 4. Prepaid rent had a $1,000 normal balance prior to adjustment. By year end $700 had expired. 5. Accrued salaries at the end of the period amounted to $900.
Answer:
Please see the adjusting entries below.
Explanation:
1. Depreciation on equipment
Debit Depreciation expense $1,340
Credit Accumulated depreciation $1,340
(To record depreciation expense for the period)
2. Interest on loans
Debit Interest expense $275
Credit Interest payable $275
(To record interest on loans)
3. Purchase of office supplies
Debit Office supplies $550
Credit Cash $550
(To record purchase of office supplies)
4. Prepaid rent
Debit Amortization expense $700
Credit Prepayment $700
(To record expired prepayment)
5. Accrued salaries
Debit Salaries expense $900
Credit Accrued salary $900
(To record accrued salaries)
Assume price exceeds average variable cost over the relevant range of demand. If a monopolistically competitive firm is producing at an output where marginal revenue is $23 and marginal cost is $19, then to maximize profits the firm should A) shut down. B) continue to produce the same quantity. C) decrease output. D) increase output.
Answer:D) increase output.
Explanation:
The marginal cost for production and marginal revenue are measures that businesses use in determining the amount of output and the price of a product that will enable them to maximize profits.
When the marginal revenues are greater than the marginal cost of production, then the firm is making profit per unit and should increase its production so as to make more output until profit is attained. When Marginal Revenue are lower or less than the marginal cost of production, then the firm is making a loss per unit and should decrease its production.
Here, competitive firm is producing at an output where marginal revenue is $23 and marginal cost is $19, then to maximize profits the firm should increase output .
A large bakery makes cakes for freezing and subsequent sale. The bakery can produce cakes at the rate of 484 cakes per day. The bakery sets up the cake-production operation and produces until a predetermined number (Q) have been produced. When not producing cakes, the bakery uses its personnel and facilities for producing other bakery items. The setup cost for a production run of cakes is $100. The cost of holding frozen cakes in storage is $9 per cake per year. The annual demand for frozen cakes, which is constant over time, is 54600 cakes. Assume 364 days a year and 52 weeks a year. What is the "daily" demand rate
Answer:
150
Explanation:
The computation of the daily demand rate is shown below:
Daily demand rate = Annual demand for frozen cakes ÷ total number of days in a year
= 54,600 cakes ÷ 364 days
= 150
By dividing the annual demand from the total number of days in a year we can get the daily demand rate and the same is shown above
According to noted economist Thomas Piketty:
a. the annual pay for top executives should include a small guaranteed salary and should include a very large bonus in years where the firm earns higher profits than competitors.
b. CEOs should not earn much more than 10-20 times the earnings of the company's average salary.
c. top executives are entitled to any level of pay they can negotiate with their board of directors.
d. all bonuses paid to CEOs should be tied to long-run increases in market share.
Answer:
b. CEOs should not earn much more than 10-20 times the earnings of the company's average salary.
Explanation:
Thomas Piketty was a French economist born on the 7th of May, 1971 in Clichy, France.
In 2013, Thomas Piketty published a book "Capital in the Twenty-first Century." The book focused on the wealth and income inequality from the 18th century in United States of America and Europe.
According to the notable economist Thomas Piketty, the Chief Executive Officers (CEOs) of an organization shouldn't earn much more than 10-20 times the earnings of the company's average salary.
He argues that this would help to spread wealth among the citizens (employees) rather than a minority of the larger population.
Thomas Piketty's argument was based on the formula that relates rate of return on capital (r) to economic growth (g).
Rate of return on capital (r) are dividends, profits, interests and rent from capital while economic growth (g) is measured by the nation's income.
Bob, Kara, and Mark are partners in the BKM Partnership. Bob is a 40% partner and has a June 30 tax yearminus−end. Kara owns a 40% interest in the partnership and has a September 30 tax yearminus−end, and Mark owns the remaining 20% interest and has an October 31 tax yearminus−end. The partnership does not have a natural business year. What is the required tax yearminus−end for the partnership (if no Sec. 444 election is made)? A. September 30 B. October 31 C. December 31 D. June 30
Answer:
D. June 30
Explanation:
Since no Sec. 444 election is made, the required tax yearmius-end for the partnership will be the tax yearminus−end of a partner with at least 40% interest.
Since Bob is a 40% partner and has a June 30 tax yearminus−end, therefore, the required tax yearminus−end for the partnership is June 30.
