Answer:
Volume = 1565.56 cubic yards
Explanation:
The computation of the volume of material required is shown below:
95% × volume = 1,487 cubic yards
Volume = 1565.56 cubic yards
Basically 95% of volume is equivalent to the 1487 cubic yards
So according to this we determined the volume
Hence, the same should be considered
RST Company produces a product that has a variable cost of $6 per unit. The company's fixed costs are $30,000. The product sells for $10 per unit. RST desires to earn a profit of $20,000. The sales level in units to achieve the desire profit is A company that sells multiple types of products has a selling price per composite unit of $150, variable cost per composite unit of $50 and total fixed costs of $25,000. The contribution margin per composite unit is:__________
Answer:
The correct answer is "12,500 units" and "$100 per unit".
Explanation:
Given:
Selling price,
= $10 per unit
Variable cost per unit,
= $6 per unit
Fixed cost,
= 30,000
Desired profit,
= 20,000
Now,
The contribution margin per unit will be:
= [tex]Selling \ price - Variable \ cost[/tex]
= [tex]10-6[/tex]
= [tex]4[/tex] ($) per unit
The required units will be:
= [tex]\frac{(Fixed \ cost+Desired \ profit)}{Contribution \ margin}[/tex]
= [tex]\frac{30000+20000}{4}[/tex]
= [tex]\frac{50000}{4}[/tex]
= [tex]12,500 \ units[/tex]
Now,
The contribution margin per composite unit will be:
= [tex]Selling \ price-Variable \ cost[/tex]
= [tex]150-50[/tex]
= [tex]100[/tex] ($) per unit
Introduction to Business class is to observe the use of groups in a large manufacturing business. The students notice that most groups are arranged by reporting relationships. Bill discovers a group of managers who have been placed together to study and recommend a course of action on a flextime schedule for employees. Jane finds that the executives of the company have formed a team consisting of themselves, some middle managers, and a few hourly employees to work on improving work processes and efficiency within the company. This group has been in existence for 5 years and is going strong. The group of managers that Bill discovers is an example of:
A) an informal interest group
B) a formal group
C) A fun group
D) a quality group.
The correct answer is B) a formal group.
The group of managers that Bill discovers is an example of a formal group.
During their visit to a large manufacturing business, Bill discovers a formal group. It is a group of managers who have been placed together to study and recommend a course of action on a flextime schedule for employees.
When we are referring to an organization, a formal group can be understood as a workgroup that is formed by design, depending on a hierarchical composition. The members of this group have specific tasks according to the work they perform in the company.
Usually, these groups are formed based on the experience of their members because they want to accomplish goals in a more effective way and to improve the decision-making process of difficult issues.
Assume that consumers' incomes and the number of sellers in the market for good A (a normal good) both decrease. Based upon this information we can conclude, with certainty, that equilibrium:
Answer:
Quantity will Increase
Explanation:
As we know that when market is in equilibrium so the demand curve should be intersected the supply curve. At the time when there is an increase in suppliers so supply curve shift rightward due to which the consumer income would increase and this result in more demand. So the demand could be shift in rightward
So here the price should be the same but the quantity is increased
A firm expects to sell 25,000 units of its product at $11 per unit. Pretax income is predicted to be $60,000. If the variable costs per unit are $5, total fixed costs must be:
Answer:
$90,000
Explanation:
Income = Contribution - Fixed Costs
hence,
Fixed Costs = Contribution - Income
therefore
Fixed Costs = (25,000 x $6) - $60,000
= $150,000 - $60,000
= $90,000
thus,
total fixed costs must be $90,000.
List at least four factors a project manager should consider when identifying individuals to work on a project. Why is each important
Answer:
The four elements to consider when identifying individuals to be part of a project team:
ability to communicate effectivelySelf Assuredness, experience, and ability, Organizational agilityEmotional IntelligenceExplanation:
1. Communication is essential because in a project if there is a miscommunication between one person, group, or team and another, that could prove fatal to the goal of the project.
Communication is verbal and non-verbal and (in a project and as with most organizations) must happen across both sides of the spectrum horizontally and vertically.
For example, when expectations are not clarified or there are assumptions about what one person or team said or expects, this could lead to project disruption. When too much is also divulged, a project can go belly-up.
2. Experience and ability are key but they are not enough. Each team member must be confident in what they believe is right. Sometimes, senior members of a team may want a course of action (that is detrimental) to be executed. A junior team member who is not self-assured may think, "it's coming from above, what can one do?" this type of thinking can be very costly.
A self-assured team player would stand for what is right and in the best interest of the team and the project even at the risk of being fired.
3. Organisational Agility
It is impossible to keep a messy itenary and achieve project success.
The ability to know exactly what needs to be done in succession is an invaluable trait of project team members. This prevents waste of time and resources.
4. Emotional Intelligence
Successful team players are also successful leaders. The most cohesive teams are teams that comprise of highly emotionally intelligent people. One of the benefits of emotional intelligence is that it helps the individual to know how to regulate their own behaviors as well as respond to those of others. It is also critical to motivating others to get the job done.
Cheers
The petty cash fund had an initial imprest balance of $110. It currently has $21 and petty cash tickets totaling $73 for office supplies. The entry to replenish the fund would contain:_______
a) a debit to Petty Cash for $89
b) a debit to Cash Short & Over for $16.
c) a credit to Petty Cash for $89
d) a credit to Cash Short & Over for $16
Answer:
B. Debit to cash short and over $16
Explanation:
The total entry to replenish the cash would be:
office supplies. 73
cash short and over 16
Cash. 89
The entry to replenish the fund would contain is Debit to cash short and over $16. Thus, option B is correct.
What is petty cash?Petty cash is a minuscule portion of discretion funds in the form of cash that is used for expenses when it would be inconvenient and costly to make a distribution by cheque due to the hassle and costs of drafting, signing, and then cashing the cheque.
Petty cash seems to be a small sum of money held on the corporate premises to cover minor monetary demands. Office supplies, cards, flowers, and other items are examples of these contributions. Petty cash is kept in a petty cash drawer or box close to where it is required.
The total entry to replenish the cash would be:
Office supplies 73
cash short and over 16
To Cash 89
Therefore, it can be concluded that the replenishment entry would be Debit to cash short and above $16. As a result, option B is correct.
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Andy Manufacturing produces a single product that sells for $80. Variable costs per unit equal $40. The company expects total fixed costs to be $82,000 for the next month at the projected sales level of 2,700 units. Attempting to improve performance, management is considering several alternative actions. Each situation is to be evaluated separately. Suppose that management believes that an 11% reduction in the selling price will result in an 11% increase in unit sales. If this proposed reduction in selling price is implemented: (Do not round intermediary calculations, and round the final answer to the nearest whole number.)
Answer:
The correct option is A) operating income will decrease by $14,494.
Explanation:
Note: This question is not complete as the options are omitted. The options are therefore provided to complete the question before answering the question as follows:
A) operating income will decrease by $14,494
B) operating income will increase by $9,266
C) operating income will decrease by $23,760
D) operating income will increase by $14,494
The explanation of the answer is now provided as follows:
Note: See the attached excel file for the Determination of Operating Income BEFORE and AFTER the 11% reduction in the selling price using Contribution Format Income Statement.
From the attached excel file, we have:
Operating Income BEFORE 11% reduction in selling price = $26,00
Operating Income AFTER 11% reduction in selling price = $11,506
Decrease in operating income = Operating Income BEFORE 11% reduction in selling price - Operating Income AFTER 11% reduction in selling price = $26,00 - $11,506 = $14,494
Therefore, the correct option is A) operating income will decrease by $14,494.
Thirsty Cactus Corp. just paid a dividend of $1.50 per share. The dividends are expected to grow at 25 percent for the next 9 years and then level off to a 5 percent growth rate indefinitely. If the required return is 13 percent, what is the price of the stock today?
Answer:
$143.40
Explanation:
The dividend for the next year = [tex]\text{ current year dividend} \times (1 + \text{growth})[/tex]
= $ 1.50 x (1 + 0.13)
= 1.50 x 1.30
= $ 1.95
The dividend in the second year = 1.95 x 1.30
= $ 2.54
Similarly, the dividend for the year 9 is = [tex]$1.50 \times (1.30)^9$[/tex]
= $ 15.91
The value of the stock at the end of year 9,
[tex]$=\frac{\text{Dividend of year 10}}{\text{(Required rate of return - Growth rate)}}$[/tex]
[tex]$=\frac{15.91\times1.05}{0.13-0.05}$[/tex]
= $ 208.81
The present value factor [tex]$=\frac{1}{(1+r)^n}$[/tex]
where, r = rate of interest = 13% = 0.13
n = years (1 to 9)
So, the present value factor for the 2nd year is [tex]$=\frac{1}{(1+0.13)^2}$[/tex]
[tex]$=\frac{1}{(1.13)^2}$[/tex]
[tex]$=\frac{1}{1.2769}$[/tex]
= 0.783147
Therefore, the price of the stock today is calculated as to be $ 143.40
A US Treasury is quoted at $137.111 based on $100 par. Today is 12/31/2020. Assume that transaction date and settlement date is the same. The coupon rate is 8%. The bond has 30-year maturity. What is the yield-to-maturity
Answer: 5.46%
Explanation:
You can use excel to solve for this.
Number of periods = 30
Coupon = Payment = 8% * 100 = $8
PV = $137.11
FV = $100 par value
Do this and the YTM would be: 5.46%
This makes sense because the bond is trading at a premium which means that the YTM is less than the coupon rate.
Bonner Metals wants to issue new 20-year bonds for some much-needed expansion projects. The company currently has 8.5 percent bonds on the market that sell for $959, make semiannual payments, and mature in 16 years. What should the coupon rate be on the new bonds if the firm wants to sell them at par?
Answer: 8.99%
Explanation:
The coupon rate on the new bonds if the firm wants to sell them at par will be calculated thus:
Par value = 1000
Selling value = 959
Maturity = 16 × 2 = 32
Coupon = 8.5% = 8.5% × 1000 = $85
Semiannual PMT = $85/2 = $42.5
The coupon rate on the new bonds will be:
= Rate(32, 42.5, -959, 1000) × 2
= 8.99
Coupon rate = 8.99%
The Trailer division of Baxter Bicycles makes bike trailers that attach to bicycles and can carry children or cargo. The trailers have a retail price of $107 each. Each trailer incurs $44 of variable manufacturing costs. The Trailer division has capacity for 24,000 trailers per year and incurs fixed costs of $560,000 per year. Required: 1. Assume the Assembly division of Baxter Bicycles wants to buy 5,600 trailers per year from the Trailer division. If the Trailer division can sell all of the trailers it manufactures to outside customers, what price should be used on transfers between Baxter Bicycles's divisions
Answer: $107
Explanation:
When a division is able to sell all of its products to consumers outside the company, the transfer price within the company should be at the same price that the good would be sold to outside consumers.
This is to ensure that the division does not suffer an economic loss by selling to another division instead of selling to an outside customer. In this case therefore, the Trailer division should transfer the trailers at the retail price of $107 that it would have made from selling to outside customers.
A river barge company can offer cheaper, although slower, per pound transportation of products to companies when compared with transportation by air, truck, or rail. The river barge company should first target customers whose companies use Group of answer choices
Answer:
The cost leadership strategy
Explanation:
The organization should focused on the cost leadership strategy that fouces on decreasing the cost also in generally it have an interest for employing this option
So as per the given option the river barge should first target customers that use the cost leadership strategy
hence, the same should be considered
An overall management objective is to:
a. minimize the number of sales transactions
b. minimize the total amount of accounts receivable
c. minimize the time from the beginning of the selling process to the end of cash collections
d. maximize the amount of float
Answer:
c. minimize the time from the beginning of the selling process to the end of cash collections
Explanation:
Management does not aim to minimize sales transactions or total amount of accounts receivable. Neither does it aim, to hold excess cash through cash float. Management aims to minimize the time from the beginning of the selling process to the end of cash collections so as to be liquid and avoid bad debts.
Joe is currently selling 873 hamburgers per month at $5 per hamburger for total monthly sales of $4,365. The restaurant manager feels that a $1,000 monthly advertising budget would increase monthly sales by $3,000 to a total of 1,473 hamburgers. Should Joe add advertising
Answer:
Yes
Explanation:
Yes, as long as Joe is able to recover the money that he has spent on advertising and still increase his profit, then he should advertise. In this scenario, he wants to spend a fixed $1000 monthly on ads. If these ads generate an increase monthly sales of $3,000 as expected, then this means that Joe's restaurant will increase their total profits by $2,000 after recovering what they spent on the ads. This is what ads are for.
The risk free rate currently have a return of 2.5% and the market risk premium is 5.77%. If a firm has a beta of 1.42, what is its cost of equity
Answer:
10.69%
Explanation:
Market risk premium = 5.77% or 0.0577
The beta = 1.42
Risk free rate = 2.5% or 0.025
Cost of equity = Risk free rate + Beta*Market risk premium
Cost of equity = 0.025 + 1.42*0.0577
Cost of equity = 0.025 + 0.081934
Cost of equity = 0.106934
Cost of equity = 10.69%
Volga Co. included a foreign subsidiary in its Year 6 consolidated financial statements. The subsidiary was acquired in Year 4 and was excluded from previous consolidations. The change was caused by the elimination of foreign currency controls. Including the subsidiary in the Year 6 consolidated financial statements results in an accounting change that should be reported:________.
Answer:
By retrospective application to the financial statements of all prior periods presented.
Explanation:
From the question we are informed about Volga Co. who included a foreign subsidiary in its Year 6 consolidated financial statements. The subsidiary was acquired in Year 4 and was excluded from previous consolidations. The change was caused by the elimination of foreign currency controls. Including the subsidiary in the Year 6 consolidated financial statements results in an accounting change that should be reported By retrospective application to the financial statements of all prior periods presented.
Consolidated financial statements can be regarded as financial statements of a particular group whereby equity, assets as well as liabilities and cash flows and expenses of the parent company as well as its subsidiaries are been presented in a way of single economic entity. In others words Consolidated financial statements can as well be regarded as financial statements of an organization having multiple divisions or multiple subsidiaries. Some firms often use the consolidated as regards financial statement reporting to describe aggregated reporting of business collectively.
Suppose Sam and Teresa are playing a game in which both must simultaneously choose the action Let Or Right. The payoff matrix that follows shows the payoff each person Will earn as a function Of both Of their choices. For example, the lower-right cell shows that if Sam chooses Right and Teresa chooses Right, Sam will receive a payoff of S and Teresa will receive a payoff of 1.
Teresa
Left Right
Sam Left 8, 4 4, 5
Right 5, 4 6, 5
The only dominant strategy in this game is for __________ to choose____________ . The outcome reflecting the unique Nash equilibrium in this game is as follows: Sam chooses _____________ and Teresa chooses ______________.
Answer:
The only dominant strategy in this game is for Teresa to choose Right. The outcome reflecting the unique Nash equilibrium in this game is as follows: Sam chooses Right and Teresa chooses Right.
Explanation:
Given:
Teresa
Left Right
Sam Left 8, 4 4, 5
Right 5, 4 6, 5
A dominant strategy is one that makes a player in a game better off regardless of the choice of strategy of his opponent.
An examination of the payoff matrix above shows that when Sam plays Left, Teresa will play Right because 5 > 4. When Sam plays Right, Teresa will still play Right because 5 > 4. This is an indication that Teresa will always play Right no matter what Sam plays. Therefore, the dominant strategy for Teresa is Right.
On the other hand, when Teresa plays Left, Sam will also play Left because 8 > 5. And when Teresa plays Right, Sam will also play Right because 6 > 4. This implies that Sam does not have any unique strategy that make him better off. Therefore, Sam does NOT have a dominant strategy.
Therefore, we have:
The only dominant strategy in this game is for Teresa to choose Right. The outcome reflecting the unique Nash equilibrium in this game is as follows: Sam chooses Right and Teresa chooses Right.
A company has a factory that is designed so that it is most efficient (average unit cost is minimized) when producing 27,100 units of output each month. However, it has an absolute maximum output capability of 33,000 units per month, and can produce as little as 7,000 units per month without corporate headquarters shifting production to another plant. If the factory produces 17,470 units in October, what is the capacity utilization rate in October for this factory
Answer: 64.47%
Explanation:
Units produced in October = 17470
Units production in the most efficient way = 27,100
Therefore, the capacity utilization rate in October for the factory will be:
= Units produced in October / Units production in the most efficient way
= 17470 / 27100
= 0.6447
= 64.47%
The capacity utilization rate in October for this factory is 64.47%.
A company would like to invest in a capital budget project that will be worth $500,000 in 40 years. How much should this company invest today, assuming an average inflation rate of 2% and a 10% annual return
Answer:
Company needs to invest amount = $23000
Explanation:
Below is the calculation of the present value:
Given the future value, FV = $500000
Number of years, n = 40 years
Real interest rate = 10% - 2% = 8%
Present value = ?
Present value = FV (P/F, r, n)
Present value = $500000 (P/F, 8%, 40)
Present value = $500000 (0.046)
Present value = $23000
Company needs to invest amount = $23000
Market efficiency is probably the most controversial concept in finance. Even recent winners of the Nobel Prize in Economics come down on opposite sides of the issue. Nonetheless, it is important for you to grapple with this idea. It has very important practical implications for investment decisions, including (especially) for your personal investment decision. In particular, should you pursue active or passive strategies
Answer:
Active strategies should be pursued when the market is more volatile, with larger fluctuations over a shorter period of time, that require a more active management of a portfolio, in order to take advantage of fast changing positions in different assets, and also in order to avoid possible losses due to staying in particular positions for too long.
Passive strategies is more long-term focused, and should be pursued when the economy is more stable. Passive strategies should be analyzed carefully before execution because once the passive investment is made, the idea is to keep the position for a long period of time instead of buying and selling constantly as in a active strategy.
Take a real time example of a company of your own choice working in Pakistan and then discuss the factors that lead to pressure for local responsiveness. Discuss it in detail. Draw diagram to show the effect.
Answer:
This responsiveness also promotes the local market orientation of a subsidiary and therefore the strength of its existing network with the businessmen and government authorities.
Explanation:
Usually, firms working within the global market confront two sorts of competitive pressure. They face pressure to scale back costs and pressure to react locally. These competing forces throw a corporation into conflict. In response to cost-reduction efforts, a corporation has got to lower its unit cost. It's going to also need a corporation to supply a consistent product on the international market to downstream the experience curve as soon as feasible. In response to local pressures, however, it's necessary for a firm to differentiate its product offering and marketing strategy from one country to a different in an effort to satisfy the various demands arising from domestic consumer preferences, business practices, channels of distribution, competitive conditions and public policies.
While some associations, like Company A, face a high to scale back cost and low for the reaction locally, while others, like Company B, face low to scale back costs and high for local reaction, many companies are within the situation of Company C. they're under strong costs reduction demands and high local responsiveness pressures. Tackling competing and contradicting demands may be a strategically challenging problem for a corporation, especially because local reactions tend to extend expenses. It suggests and supports three layers of variables, including environmental, structural, and organizational responsiveness. Structural variables like the intensity of competition, heterogeneity of demand, and localization of components increase local reaction.
Your boss believes the company's power plant is producing too much air pollution on a typical island. Your boss gives you three choices for dealing with this problem because he/she does not want to deal with it: You can pay a pollution tax (Carbon Offsets) one time of $13,000,000 immediately. You can close the plant and install a power cable from the mainland to the Island. That will cost you $1,000,000 at the end of this year, $3,000,000 at the end of next year and then $750,000 forever for maintenance. You can retrofit the plant with scrubbers to reduce the emissions to make the plant green. That will cost $7.5m at the end of this year and $100,000 for 50-years for maintenance. Assume that the cost of generating power on the mainland is approximately the same as the cost of generating power at the Island's plant. Assume, this comes as a surprise to you and you, have not saved any money in reserves, and you need to raise capital. Additional information is that market has a 12 percent market risk premium on the power plant with the risk-free rate being 5 percent with a company tax rate of 35 percent.
Current total raised capital at the power plant: (This will help you calculate the WACC) Debt – 7,000 outstanding bonds, at 7.5% coupon and 20 years to maturity. These bonds pay interest semiannually and quoted a price of 108 percent of par. Common Stock -180,000 shares outstanding, selling for $50 per share: Beta .90. Preferred Stock – 8,000 shares of 5.5 percent preferred stock outstanding, currently selling for $95.00 per share. Please answer in essay format and provide your Excel document showing all your calculation in appendixes choose the best option for Island. Support your answer with your calculations. Also, to calculations use specified resources, other appropriate scholarly resources, including older articles.
Answer:
WACC is 10.38%.
Best option is no 3, paying $750,000 this year and then $100,000 for 5 years.
Explanation:
WACC = Common stock * cost of equity + Debt * Cost of debt + Preferred stock * rate of return.
Common stock = 180,000 shares * $50 = $9,000,000
Preferred stock = 8,000 shares * $95 per share = $760,000
Debt = 7,000 bonds * 108% = $7,560,000
Cost of equity : 12% * 0.9 + 5% = 12.5%
Cost of debt : 7.5% * 0.65 = 4.40%
Preferred stock return rate : 5.5% / 95 = 5.79%
WACC = 10.38%
PV for option 1: $13,000,000
PV for option 2: $9,298,647
PV for option 3: $7,661,247
When a company outsources some of its work / activities currently done by itself, it ultimately shifts the cost structure of the company. In most cases this shift entails:
Answer:
Outsourcing Company Activities
The shift in the cost structure of the company entails:
the elimination of most fixed costs and making variable costs to become more prominent.
Explanation:
A company's cost structure describes the relative proportions of fixed and variable costs which the company incurs in its business activities. Outsourcing is a cost-driven strategy that involves the use of outside vendors to perform services and create goods that were traditionally produced in-house, thereby eliminating some employees and facilities, and thus, reducing cost.
On August 1, Lola Company’s assets are $30,000 and its liabilities are $10,000. On August 4, Lola issues a sustainability report. On August 5, ownership invests $3,000 cash and $7,000 of equipment in Lola. After the investment, what is the amount of equity for Lola?
Answer: $30,000
Explanation:
Before the investment, Equity was:
= Assets - Liabilities
= 30,000 - 10,000
= $20,000
The owner then invested $3,000 and $7,000 therefore making a total of $10,000.
Equity becomes
= 20,000 + 10,000
= $30,000
The equity is $30,000
Lola's company assets are $30,000
The liabilities are $10,000
Equity= $30,000-$10,000
= $20,000
On August 5, ownership invests $3,000 in cash and $7,000 in equipment
= $3,000+$7,000
= $10,000
The amount of equity for Lola is
= $20,000+$10,000
= $30,000
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what sets one organization apart from others and provides the firm with a distinctive edge for meeting marketplace needs is known as _____ a target market by decentralization c competitive distinction d competitive advantage e core competency
Answer: Competitive Advantage
Explanation:
The competitive advantage of a company is that thing that gives it an edge over its competitors such that it sells more than them even though they offer similar products.
A competitive advantage is therefore what gives a company abnormal profits in a competitive market and is necessary to survive in the tough markets of the world. Walmart for instance, has the competitive advantage of getting goods at the cheapest rates which allows them to make higher profits when they resell.
Marquis Company uses a weighted-average perpetual inventory system.
August 2 10 units were purchased at $12 per unit.
August 18 15 units were purchased at $14 per unit.
August 29 12 units were sold.
What is the amount of the cost of goods sold for this sale?
a. $121.38.b. $106.00.c. $160.00.
Answer:
The correct answer is "$136.44"
Explanation:
According to the question,
Total units will be:
= [tex]10 \ unit+15 \ unit[/tex]
= [tex]25 \ unit[/tex]
Average cost will be:
= [tex]\frac{[(10\times 12)+(15\times 14)]}{29}[/tex]
= [tex]\frac{120+210}{29}[/tex]
= [tex]\frac{330}{29}[/tex]
= [tex]11.38[/tex] ($)
hence,
The cost of sale will be:
= [tex]Units \ sold\times Average \ cost[/tex]
= [tex]12\times 11.38[/tex]
= [tex]136.44[/tex] ($)
Identify the following is structural, frictional, cyclical and seasonal employment.
a. Andrew recently lost his job as an accountant for a large firm because he only knows how to perform the job using a general ledger (paper and pencil), and has been unwilling to learn how to use newly invented accounting software provided by the company.
b. Sam recently lost his job as an accountant for a large firm because he only knows how to perform the job a using a general ledger and has been unwilling to learn how to use newly invented accounting software provided by the company.
c. Teresa just graduated from college and is looking for a full time position with an investment banking firm.
d. A recent recession has reduced the number visitors to a local theme park. The park has had to lay off many of its employee, including Beth.
Answer:
Frictional unemployment occurs when people decided to leave their jobs and look for another or people join the labor force for the first time.
Structural unemployment arises from a situation where there is a mismatch between the skills needed in an economy and the skills possessed by people. Happens a lot when employees need to adapt to new technology.
Cyclical unemployment happens as a result of the economy either growing or shrinking.
a. Andrew recently lost his job as an accountant for a large firm because he only knows how to perform the job using a general ledger (paper and pencil), and has been unwilling to learn how to use newly invented accounting software provided by the company. ⇒ STRUCTURAL UNEMPLOYMENT.
b. Sam recently lost his job as an accountant for a large firm because he only knows how to perform the job a using a general ledger and has been unwilling to learn how to use newly invented accounting software provided by the company. ⇒ STRUCTURAL UNEMPLOYMENT.
c. Teresa just graduated from college and is looking for a full time position with an investment banking firm. ⇒ FRICTIONAL UNEMPLOYMENT.
d. A recent recession has reduced the number visitors to a local theme park. The park has had to lay off many of its employee, including Beth. ⇒ CYCLICAL UNEMPLOYMENT.
Martinez Company's ending inventory includes the following items. Product Units Cost per Unit Market per Unit Helmets 30 $ 58 $ 62 Bats 23 112 80 Shoes 44 103 99 Uniforms 48 44 44 Compute the lower of cost or market for ending inventory applied separately to each product.
Answer:
Inventory Units CPU MV per unit Total Cost Total MV LCM
Helmets 30 58 62 1740 1860 1740
Bats 23 112 80 2576 1840 1840
Shoes 44 103 99 4532 4356 4356
Uniforms 48 44 44 2112 2112 2112
Inventory Valuation 10048
Firm A is planning on merging with Firm B. Firm A will pay Firm B's stockholders the current value of their stock plus $120, which equals one-half of the synergy, in shares of Firm A. Firm A currently has 4,000 shares of stock outstanding at a market price of $21 a share. Firm B has 1,200 shares outstanding at a price of $10 a share. What is the value of the merged firm
Answer:
2000 I think if not sorry dont rk
According to the condition, the value of the merged firm is $96240. Thus, the correct option is (A).
A merger is a corporate transaction in which two existing, separate firms unite to establish a new, single legal company. Mergers are completely elective.
Typically, both organizations are of comparable size and scope, and both stand to benefit from the deal.
Here,
Calculate the value of the firm as follows:
Firm A = 4000 x 21 = $84000
Firm B = 1200 x 10 = $12000
Firm C = 120+120 = $240
Calculate the value of the merged firm as follows:
Value of merged firm = $84000 + $12000 + $240 = $96240
Therefore, the correct option is "A".
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This is an incomplete question, the complete question is:
Firm A is planning on merging with Firm B. Firm A will pay Firm B's stockholders the current value of their stock plus $120, which equals one-half of the synergy, in shares of Firm A. Firm A currently has 4,000 shares of stock outstanding at a market price of $21 a share. Firm B has 1,200 shares outstanding at a price of $10 a share. What is the value of the merged firm?
A. $96,240
B. $96,000
C. $92,360
D. $88,120
E. $84,120
Last year Ace charged $1,469,867 Depreciation on the Income Statement of Andrews. If early this year Ace purchased a new depreciable asset, the effect on Andrews's financial statements would be (all other items remaining equal):
Answer:
Increase Net Cash from operations
Explanation:
Note that the purchase of another depreciable asset means that annual depreciation expense would increase( increase on the old asset which is $1,469,867 plus the depreciation on newly acquired asset), hence, assuming that net income remains the same as last year(the meaning of all other items remaining equal), when the amount of increased depreciation is added back to the net income in the cash flow statement, the amount of net cash flow from operations would increase compared to last year.
In essence, the correct option in this case is that there would be an increase in net cash from operations not just an increase in amount of asset in the balance sheet
