Continuous budgeting is the act of keeping a year arranging skyline by adding one month to the furthest limit of the spending plan cycle toward the finish of every month.
What is Continuous budgeting?
The course of persistently adding one extra month to the furthest limit of a multi-period spending plan as every month passes is known as constant planning. There is generally an entire year spending plan set up on the grounds that the persistent planning thought is regularly utilized with a year spending plan.
Nonstop planning diminishes a portion of the unbending nature of customary yearly spending plans and takes into consideration speedier reactions to evolving conditions. Moreover, they could decrease the yearly office planning practice's regular year-end spending craze.
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n 2012, alder inc. (seller) and dell, inc. (buyer) signed a long-term sales contract that provided for cashier's check payments to be made by dell on the first of each month. in 2015, dell began using a wire transfer payment method, and now alder asserts that dell is in breach of contract. which of the following is true?
Dell can introduce evidence of the payment under the exception to the Parol evidence rule.
What is evidence?If something is visible, they are evidence.I could only see a few soldiers. Poverty and poor housing conditions are still very prominent. Common synonyms for evidence include demonstration, proof, manifest, and show. All of these words mean "to reveal or make visible to the outside world," but evidence suggests that they serve as proof of the reality or existence of something. Evidence is the information that supports a conclusion.A classic example comes from the court. Means, motives, opportunities. Evidence is the only way a court can draw inferences to make a decision. The definition of evidence explains that evidence is evidence of fact in a dispute, so without evidence there is no way to prove facts in a dispute or establish facts in a case.To learn more about evidence from the given link :
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a manufacturing company produces water filters for home refrigerators. the process has tupically produced about 4% defective. a recently designed experiment has led to changing the seal to reduce defects. with the process running using the new seal, a random sample of 300 filters tielded 7 defects.
The test hypothesis for the process running using the new seal, a random sample of 300 filters tielded 7 defects is -1.77.
Given n = 300, phat = 7/300= 0.02
(a). Given a = 0.1, Z(0.05) = 1.645
So 90% CI is
phat± Z*√[p*(1-p)/n]
0.02 ± 1.645*sqrt(0.04*(1-0.04)/300)
( 0.001388950, 0.03861105)
(b). The test hypothesis is
The test statistic is
Z = (phat-p)/√[p*(1-p)/n]
= (0.02-0.04)/sqrt(0.04*(1-0.04)/300)
= -1.77
Crafting is a very simple business. The owner purchases the raw materials or parts to make the finished product. To function as a business, manufacturers must produce products that cover costs, meet demand, and supply the market. One of the most common manufacturing processes is casting. This process involves pouring liquid metal into a mold.
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the cost or time difference between the actual project performance and the planned project performance is the definition of what?
Variance Analysis reviews the differences (or variance) between the planned and actual performance. This can be of the project schedule, cost, other technical performances, or other data analysis.
A technical, in expert army parlance regularly known as a non-preferred tactical car (NSTV), is a light improvised combating car, commonly an open-subsidized civilian pickup truck or four-wheel power automobile, mounting a device gun, anti-aircraft autocannon, rotary cannon, anti-tank weapon, anti-tank gun, ATGM, mortar, more than one rocket launcher, recoilless rifle or different support weapon (fairly like a mild military gun truck or probably even a self-propelled gun). The neologism technical describing this type of automobile is believed to have originated in Somalia during the Somali Civil struggle within the early Nineteen Nineties.
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consider two firms producing smartphones. one uses a highly automated robotics process, whereas the other uses workers on an assembly line and pays overtime when there is heavy production demand.
Consider two firms producing smart-phones. one uses a highly auto-mated robotics process, where-as the other uses workers on an assembly line and pays over-time when there is heavy prod-uction demand.
The firm using human workers will have higher profits in a recession. The firms using robotics will have higher profits in a boom and a higher beta.
Since Robotics uses an automated process, it has a high fixed and lower variable cost. This firm will therefore perform well in boom and worst in recession. Since the profits of a Robotics firm are very sensitive to the o business cycle, its beta will be higher.
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models of competitive markets are helpful in understanding real-world markets. to help you to better understand competitive markets, it is important to understand economic efficiency. sort the descriptions below into whether they are characteristics of productive or allocative efficiency. you are currently in a sorting module. turn off browse mode or quick nav, tab to items, space or enter to pick up, tab to move, space or enter to drop. productive efficiency allocative efficiency this does not represent productive o
Productive efficiency focuses on the cost of production while allocative efficiency focuses on the distribution of the products.
Productive efficiency is you are the usage of your confined assets to their fullest capacity. Waste is at its lowest point feasible. manufacturing can't grow without adding extra of these sources. much like different financial efficiency measures, sources are primary to the idea of PE.
In a production company that produces exercising clothing, unit prices can be calculated based totally on labor, substances, and device hours required to produce each unit for each specific product.
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Kingbird, Inc. issues $272,000, 10-year, 10% bonds at 99, prepare the journal entry to record the sale of these bonds on March 1, 2017.
The journal entry to record the sales of bonds by the company as in the conditions given above will be in effect of a debit to the cash accounts and a credit to the Bonds Payable Accounts for an amount of $272,000 each.
A journal entry can be referred to or considered as the one wherein the financial transactions of a firm are recorded in the primary books of accounts in order to ensure chronological maintenance of accounting records.
The Journal Entry for the above transaction,
Date Particulars Dr. Amount Cr. Amount
March1, 2017 Cash Ac. Dr. 272,000
To, Bonds Payable Ac 272,000
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Patel Paving collected $1,000 cash in advance from a customer to provide paving services next month. The entry to record this cash receipt would include the following entries?
~Debit to cash
~Credit unearned paving fees
The entry to record this cash receipt include Credit to Unearned Paving Fees.
A credit score is a trust which permits one party to offer money or assets to every other celebration in which the second birthday party no longer reimburses the primary party at once, but guarantees both to pay off or go back the one's sources at a later date.
Credit score ratings commonly vary from three hundred to 850. within that variety, rankings can commonly be placed into considered one of 5 classes: poor, fair, desirable, excellent, and superb.
A credit bureau maintains a month-on-month document of your payments toward your bills and loan compensation equated monthly installments for the beyond few years. normally by collating previous years' price history records, the credit bureau calculates your credit score rating.
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The 'exercise of physical or mental
powers in the creation of wealth" is a
good definition of which of the
following factors of production?
(a) Enterprise
(b) Capital
(c) Labour
(d) Land
4
What did the Federal Reserve do in response to the Great Recession ?.
The Fed was knowledgeable about the great recession crisis with a four-pronged strategy. First, it flooded the banking sector with liquidity. Second, it invoked emergency powers granted to that throughout the nice Depression to lend to money establishments apart from banks.
Third, it quickly cut the funds rate to zero. The Fed has many financial policy tools it will use to fight a recession. It will lower interest rates to spark demand and increase the quantity of cash in circulation via open market operations (OMO), together with quantitative easing (QE), through that further sorts of assets is also purchased by the Fed.
Of course, the 2008 money crisis upset this balance severely. To assist restore liquidity to the industry and stimulate the economy, the Fed slashed short interest rates from four.25 p.c in December 2007 to almost zero by December 2008—the lowest rate within the Fed's history.
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evaluate the following statements: i when graphed, a chase production plan will result in a linear line given any demand. ii unlimited warehouse space makes it difficult to implement a level plan. iii hiring and firing costs are of no concern in a chase plan. iv backorder costs are of primary concern in a chase strategy. which of the following is correct?
Neither I, II, III, or IV are correct statements.
An assertion is a sentence that says something is proper, like "Pizza is delicious." There are different types of statements within the worlds of law, banking, and government. All statements declare something or make a factor. in case you witness a coincidence, you're making an assertion to the police, describing what you saw.
Statements are sentences that explicitly a reality, concept, or opinion. Statements no longer ask questions, make requests or give commands. they are also no longer exclamations.
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what is the standard deviation of a portfolio of two stocks given the following data: stock a has a standard deviation of 18%. stock b has a standard deviation of 14%. the portfolio contains 40% of stock a, and the correlation coefficient between the two stocks is -0.23.
The standard deviation of a portfolio of two stocks is 9.7%.
What is the standard deviation?
A measure of how widely distributed the data is in reference to the mean is the standard deviation (or ). Data are said to be more closely grouped around the mean when the standard deviation is low and more dispersed when the standard deviation is high. The dispersion of the data around the mean value is measured by the standard deviation. It might be helpful when comparing data sets that may have the same mean but a different range. The means of the two numbers 15, 15, 15, 14, 16, and 2, 7, 14, 22, and 30 are the same, for instance. The second, though, is unmistakably wider.\
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there is no association between merit raises and employee motivation. question 3 options: true false
There is a positive relationship between merit raises and employee motivation.
How effectively do merit raises motivate?Bonuses and raises frequently only give employees short-term motivation. The majority of people are not motivated merely by their ability to earn money to go to work. However, the manner in which raises are given frequently affects their capacity to encourage employees. On the other hand, raises do frequently motivate workers. Their effectiveness is also impacted by other elements, some of which are unrelated to money. Raises can be a powerful motivation for workers, but they must be understood as a reward for superior performance by the recipients. Better performance must be directly correlated with increased remuneration.
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in the united states the effective corporate income tax rate is about 27-28%. despite the fact that these taxes only made up about 11% of federal tax revenue in 2015, many observers argue for cutting the effective corporate income tax rate. which of the following is a primary reason identified in the reading for cutting the effective corporate income tax rate?
The overall corporate income tax rate in the United States is greater than in many other nations. By lowering this rate, the US will become a more desirable location for businesses.
Tax cuts decrease governmental income, resulting in a budget deficit or an increase in sovereign debt. The federal tax system depends on a number of taxes, like income tax and payroll tax to raise money. According to those opposed to them, cutbacks would affect lower-income people's access to government services and would primarily benefit the wealthy.
Tax cuts, according to its proponents, boost disposable income for individuals and families, encourage expenditure, and expand the economy. Tax cuts are criticized on the grounds that they solely benefit the wealthy and cut back on essential government services for those in lower income brackets.
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nicholas purchased 150 shares of abc mutual fund at $10.50 and sold them one year later at a price of $14.50. his total capital gain was:
A mutual fund known as a load fund requires investors to pay a commission each time they sell or buy shares.
Normally, you should contribute something like $250 to open a shared asset account. The payments made to a fund's shareholders as a result of the sale of securities in the fund's portfolio are known as capital gain distributions.
When shares are purchased, which class of shares charges a commission?
Shares in Class A with front-end loads. At first, the majority of load fund companies only offered front-end loaded shares. Class A shares are the designation used by the majority of fund companies that sell front-end load shares. When investors purchase these shares for the first time, they are charged a sales fee.
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in which market should chewse expand to next: seattle or los angeles? (please discuss this emphasizing the context of sustaining/implementing corporate culture)
Chewse should expand to Los Angeles in the next term.
How can this occur?
Chewse is one of the company that has flown under the radar while building a sustainable business, and finally believes it’s ready to take its service into other markets.Tracy Lawrence first launched the business from back in 2012, but Chewse retrenched in September 2015 as it raised money and got back to fundamentalsChewse is ready to prove itself in this new (old) market.Since it has a predictable number of customers and a curated group of restaurants that it works with. Chewse has reduced the margins while driving more volume and business to its partners.To know more about Business from the given link
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Sheldon Corporation projects the following free cash flows (FCFs) and interest expenses for the next 3 years, after which FCF and interest expenses are expected to grow at a constant 7% rate. Sheldon’s unlevered cost of equity is 13% its tax rate is 40%.
a. What is Sheldon’s unlevered horizon value of operations at Year 3?
b. What is the current unlevered value of operations?
c. What is horizon value of the tax shield at Year 3?
d. What is the current value of the tax shield?
e. What is the current total value of the company?
Value of a levered firm is the sum of unlevered value and the value of tax shield. The value of firm computed using the free
A industries expecting the free cash flow to increase at non-constant rate. Future cash flow is expected to grow at rate of 7
B Horizon value of operation is defined as value of firm when growth rate of the operation is consistent. In this case, afte
The companys final-year cash flow is $40 million and growth rate in cash flow is 7% per annum. Compute the value of unlevere
Current unlevered value of operation will be calculated by calculating the present value of all free cash flow discounted at
C. Tax shield is defined as tax saving by the firm because of interest payment. In the third year the interest payment is $10
Since, companys third-year tax shield is $4 million and the growth in current cash flow is 7% per annum. Thus, the horizon
Compute the current value of tax shield as follows: (1+r) Interest expense, Tax rate Interest expense, Tax rate (1+rs) (1+rsu)
D Total value of company is calculated by adding the current unlevered value of firm and current value of tax shield.
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Which of the following is probably the most important situational variable with respect to search behavior?temporal perspectivetask definitionphysical surroundingsantecedent statesocial surrounding
The most important situational variable as with search behaviour is the temporal perspective
Situational effects are ephemeral occurrences that affect how customers respond, deciding whether they readily buy the firm's goods, buy other products, or make no purchases at all. They consist of elements like the buyer's mood and behavior the purchase's purpose and time-related, social, and physical aspects.
The purchasing traits that relate to time and search behavior are referred to as having a temporal viewpoint. Customers are given a set period of time to buy a product, but they are not given this time to read product reviews. For instance, the amount of purchases made and the store one chooses during a grocery shopping trip will depend on the amount of time available.
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the common stock of moore inc. is expected to lose 6% in a recession, earn 8% in a normal economy, and earn 15% in a booming economy. the probability of a boom is 5 percent while the probability of a recession is 45 percent. what is the expected return on this stock?
Expected[Returns]=0.0745
What is Recession?
A recession is a recession in which there is a general decline in economic activity. A recession generally occurs when spending is widespread.
What is Booming Economy?
Booming economy are often brief periods of rapid real GDP growth leading to lower unemployment, faster inflation, and higher asset prices.
Solution:
Given in the question,
(Note: To convert percentage to decimal divide it by 100.)
Recession=will loose 6%, converting to decimal=0.06
Normal Economy=will earn 8%, converting to decimal=0.08
Booming Economy=will earn 15%, converting to decimal=0.15
Probability of Recession=45%, converting to decimal=0.45
Probability of Normal economy=50%, converting to decimal=0.5
Probability of Booming Economy=5%, converting to decimal=0.05
Now to calculate the expected return we will use the following Formula
Multiplying elements in with their respected phase of market we get,
Expected[Returns]=(0.06x0.45)+(0.08x0.5)+(0.15x0.05)
Expected[Returns]=0.0745
Hence, the return E[R] is 0.0745
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following a decrease in exports, what fiscal policy would restore the economy to the original equilibrium?
An increase in transfer payments from the government.
The use of taxation and expenditure by the government to affect the economy is known as fiscal policy. Fiscal policy is often used by governments to encourage robust, long-term growth and to lower poverty.
Fiscal policy is the means by which the government adjusts its spending and revenue to influence the broader economy. By adjusting its level of spending and tax revenue, the government can affect the economy by either increasing or decreasing economic activity in the short term.
Monetary policy and fiscal policy are the two major instruments available to policymakers when they want to affect the economy. The money supply is influenced by changes in interest rates, bank reserve requirements, the buying and selling of government securities, and foreign exchange, all of which are indirectly targeted by central banks.
Governments affect the economy by altering tax rates and kinds, spending amounts and types, and borrowing amounts and types. Both directly and indirectly, governments have an impact on how resources are employed in the economy. A fundamental formula for calculating national income accounting's estimate of an economy's production, or gross domestic product (GDP), based on expenditures.
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What are the 8 steps to starting a business?.
The 8 steps to starting a business :
Create a Workable Concept. Every successful business had a fantastic concept at its foundation.A business plan should be written.Set a budget and plan for your finances.Choose a structure choose a location & establish a business presence develop a brand assemble a team launch your small enterprise.What makes a business successful?According to John Stevenson, marketing consultant of My GRE Exam Preparation, "a strong client focus is one element successful organizations have in common." "They develop a company culture that is based on their clients, and they concentrate their procedures, goods, and services around their need for services.Whatever the field, entrepreneurship is a challenging but rewarding professional path. While various types of organisations could define success differently, flourishing firms tend to have certain traits or behaviours.Elmardi continued, "We can't all have the lowest pricing, but you can definitely draw attention to other benefits. "There are innumerable methods to make your firm distinct from your opponent, from [identifying] unique goods/offerings, to [engaging] industry experts to add to your customer service, to [implementing] loyalty programmes."Learn more about start up business refer to :
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A hot dog vendor at a local fair averages 140 hot dogs per day when the price is $3. If for every $0. 25 increase in the price, 10 fewer hot dogs are sold on average, what price maximizes the revenue?.
The price that maximizes the revenue is $3.75 .
What is revenue?The entire income generated by the sale of goods and services crucial to a business's fundamental operations is referred to as revenue in accounting. Commercial income is another word for sales or turnover. Some firms derive their money through royalties, interest, and other fees. "Revenue" in the sentence "Last year, Company X had revenue of $42 million" can be either the total amount of money earned over a given time period or income in general. Net income, commonly referred to as profits, is frequently determined by subtracting all expenses from total revenue for a certain time period. This is to be contrasted with the "bottom line," which denotes net income.
Revenue = Sales x Average Price of the Service
Total revenue = 130*3.25
= $422.5
New price = $3.75
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true or false? organizations are finding it more difficult to track digital expenditures than traditional media expenditures.
Comparing digital and conventional media spending is more challenging for businesses. This assertion is untrue.
While conventional marketing may be better at reaching a wider audience, digital marketing is typically more affordable and may be more focused. When choosing which sort of marketing to employ, it's crucial to take your budget and target audience into account.
Traditional marketing may be more expensive but is more successful in reaching a big audience. Audience While conventional marketing is better at reaching a narrow target market, digital marketing is wonderful at reaching a large audience.
Digital marketing offers a great return on investment in addition to reduced expenses.
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as part of their audit, auditors obtain a representation letter from their client. which of the following is not a valid purpose of such a letter?
To make the audit more efficient by removing the need for additional audit procedures.
What is an audit?The most frequent kind of audit is those of financial statements. A financial audit is an independent assessment and evaluation of an organization's financial statements to make sure that the financial records are a fair and accurate portrayal of the transactions they claim to represent.
Employees from the company itself may conduct internal audits, while independent Certified Public Accounting (CPA) organizations may do external audits. Almost all organizations undergo an annual audit of their financial accounts, which include the income statement, balance sheet, and cash flow statement. Lenders usually request the results of an annual external audit as part of their loan covenants.
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you own a small deli that sells sandwiches, salads, and soup. which of the following is an implicit cost of the business?
The implicit cost of the business is the job offer you did not accept at a local catering service.
An implicit cost is any cost that has already been incurred but is not necessarily displayed or recorded separately. It is the opportunity cost incurred when an organisation devotes internal resources to a project without receiving express pay for its use. This implies that when a corporation allocates its resources, it always forfeits the opportunity to gain money from the use of those resources elsewhere, hence there is no financial exchange. Simply put, an implicit cost arises from the use of an object as opposed to renting or purchasing it. Implicit costs are also known as assumed costs, implied costs, and notional costs. These expenses are difficult to estimate. As no money changes hands, businesses do not necessarily record implicit costs for accounting purposes. These expenses reflect a loss in prospective earnings, but not in profits.
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What is the first step to take after writing a business plan?.
The first step to take after writing a business plan is to create an executive summary.
What is business?An economic activity that involves the exchange of goods and services with teh help of buying and selling with the objective to gain some profit is called Business.
The official corporate goals are stated in a business plan, along with the tasks that must be completed to achieve those lofty objectives. It also outlines potential or suggested financial strategies.
Making an executive summary is the first thing to do after completing a business plan. It demonstrates the value of your company while selling it. A high-level explanation of your plan and business model should be included in your pitch as a supplement.
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In the long run, average costs can change depending on the output. Order the types of scales from falling long-run average total cost to rising long-run average total cost. Start by clicking the first item in the sequence or dragging it here Drag the items below into the box above in the correct order, starting with the first item in the sequence. diseconomies of scale constant returns to scale economies of scale Which situation describes a company experiencing an accounting loss? Click or tap a choice to answer the question. The explicit costs are higher than total Total revenue is more than total cost. revenue. The explicit costs are higher than the implicit costs. The total cost includes only the implicit costs.
Answer: economies of scale, constant returns to scale, diseconomies of scale
Explanation:
The situation describes a company experiencing an accounting loss is the total cost includes only the implicit costs.
Accounting loss
The term accounting loss refers the decrease in net income that is outside the normal operations of the business.
Given,
In the long run, average costs can change depending on the output. Order the types of scales from falling long-run average total cost to rising long-run average total cost.
Here we need to find the situation describes a company experiencing an accounting loss.
In order to find the situation, we have to find the definition of long run, long run defines permanently looking to expand production capacity of cars instead of only during the season.
According to the given situation, average costs can change depending on the output, that refers the total cost which only includes the implicit cost.
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which of the following is an advantage of debt financing? a. interest is discretionary. b. it does not have to be repaid. c. it reduces stockholder control. d. interest is tax deductible.
One of the advantages of debt financing is that the interest is tax deductible. Debt repayments are generally tax deductible.
What is debt financing?Since accrued interest on borrowed capital is tax deductible, the actual cost of borrowing is less than the stated interest rate. In order to deduct the interest on debt financing as an ordinary business expense, the underlying loan money must be used for business purposes. Additionally, you must be legally responsible for repaying the debt, there must be a legitimate creditor-debtor relationship between you or the business and the lender. The lender must have a realistic expectation of being repaid.
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If interest rates are _____ the equilibrium interest rate, then people will want to shift their wealth into interest-bearing assets.
greater than
If interest rates are greater than the equilibrium interest rate, then people will want to shift their wealth into interest-bearing assets.
Interest Rate in Equilibrium. The equilibrium interest rate in the economy is set at the point when the amount of money requested and the amount of money provided is equal.
While the quantity of loanable funds stays constant, the demand for loans rises. As a result, both the equilibrium interest rate and the equilibrium amount of loanable money would rise. Given that the interest rate and bond price have a negative relationship, the equilibrium interest rate decreases as the bond price increases. On the other hand, if the equilibrium bond price decreases, the equilibrium interest rate increases.
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fill in the blanks to explain what a firm should do once it realizes it is in a situation with a diminishing marginal product.
If the marginal product declines when more input is added, the company is not operating at its maximum capacity. Afterward, the company should stop making new units.
The law of declining marginal product describes a scenario in which the rate at which total output grows when more of the variable element is joined with the fixed factor(s) of production decreases with time.
According to the rule of decreasing marginal returns, marginal productivity will normally decrease as production rises when a production element is improved. This indicates that for every extra unit of production generated, the cost advantage often decreases.
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Spice World Corporation purchased for $180,000 cash the following assets: land with a fair value of $60,000, a building with a fair value of $90,000, equipment with a fair value of $35,000 and inventory with a fair value of $15,000.
Prepare the appropriate journal entry for Spice World’s purchase.
The journal entry for the purchase by Spice World, given the value of the assets acquired is,
Date Account title Debit Credit
XX- XX Land $54, 000
Building $81, 000
Equipment $ 31, 500
Inventory $ 13, 500
Cash $180, 000
How to record the purchase?Spice World paid a total of $180, 000 for all the assets that it acquired. Because this was a merged purchased, there is a need to find the value of the individual assets, by using their fair value.
The value of an asset would be found by:
= Fair value of asset / Total fair value x Total amount paid by Spice World
The value of Land is:
= 60, 000 / 200, 000 x 180, 000
= $ 54, 000
Value of Building:
= 90, 000 / 200, 000 x 180, 000
= $ 81, 000
Value of Equipment :
= 35, 000 / 200, 000 x 180, 000
= $ 31, 500
Value of inventory:
= 15, 000 / 200, 000 x 180, 000
= $ 13, 500
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