Answer:
"Share Repurchase " would be the correct one.
Explanation:
Application whereby a company is buying back one's free-market stock. Typically it occurs whenever the shares are oversold or overvalued. Even though repurchase decreases the number of common shares and therefore also raises the return on equity, it helps in enhancing the equity value of the investment investors and shareholders kept.g The following facts are known: • The total pounds needed for production are 2 times the units to be produced. • The desired ending direct materials inventory is 20% of the total pounds needed for production. • The beginning direct materials inventory is equal in number to 10% of the units to be produced. • Cost per pound is $5. • Total cost of the direct materials purchases is $1,035,000. Prepare a direct materials budget for the period.
Answer and Explanation:
The Preparation of direct material budget is shown below:-
Direct Material budget
Particulars Amount
Units to be produced $90,000 Y
Material per unit 2
Total pounds needed for
production M $180,000 2Y
Add: Desired ending Direct
Material Inventory 20% $36,000 (.2 × 2Y = .4Y)
Total Material requirement $216,000 (2.4Y )
Less: beginning Raw material
Inventory $9,000 (.1Y)
Material to be purchased
Account $207,000 (2.3Y)
Cost per pound C $5
Total cost of direct Material
Purchases A $1,035,000
2Y + .4Y - .1Y = $207,000
Y = $207,000 ÷ 2.3 $90,000
The Total cost of direct Material is $90,000.
"Direct Material budget"The Preparation of direct material budget is shown below:-
Production
Production= Units to be produce*Amount
Production=90000*2
Production=1,80,000
Direct Material
Inventory = Production* 20%
Inventory =180000*20%
Inventory =$36,000
Total Material requirement =$216,000
Less: beginning Raw material
Inventory $9,000
Material to be purchased =2,07,000
Total cost of direct Material
Total cost of direct Material=Material to be purchased*Cost per pound
Total cost of direct Material=$207,000*$5
Total cost of direct Material= $1,035,000
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A company wants to decrease its $200.00 petty cash fund to $100.00. The entry to reduce the fund is:
Answer:
Debit to Cash $100, Credit to Petty cash $100
Explanation:
A company wants to decrease its $200.00 petty cash fund to $100.00. The entry to reduce the fund is:
Date Journal Entry Debit Credit
Cash $100
Petty cash $100
In a telephone conversation, a jewelry maker offered to buy 100 ounces of gold from a precious metals company if delivery could be made within 10 days. The jewelry maker did not specify a price, but the market price for 100 ounces of gold at the time of the conversation was approximately $65,000. Without otherwise responding, the company delivered the gold six days later. In the meantime, the project for which the jewelry maker planned to use the gold was canceled. The jewelry maker therefore refused to accept delivery of the gold or to pay the $65,000 demanded by the company. Is there an enforceable contract between the jewelry maker and the company
Answer:
No
Explanation:
Since in the question there is a situation given in which there is a telephonic conversation and later onwards the jewelry maker refused to accept the goods delivery or pay $65,000 as per the company
So this represents that there is no enforceable contract lies between the company and the jewelry maker as the agreement is not in writing so it would not be considered as a valid contract
hence, the answer is no
Which of the following statements are true? A. The creditors of a firm must be satisfied before any earnings can be distributed to the common shareholders.B. The more financial leverage that a firm uses, the greater will be its risks and expected return.C. When referring to ratio comparisons, time-series analysis compares a firm to that of an industry leader.D. Earnings per share is calculated by dividing retained earnings by the number of shares of common stock outstanding.E. The operating profit margin must take into account interest and taxes.
Answer: .B. The more financial leverage that a firm uses, the greater will be its risks and expected return
Explanation:
Financial leverage measures how much debt a company is using in acquiring assets. A high financial leverage means that the company is insuring more debt which means that the company has a higher risk attached.
The company will also have a higher expected return as they will have to pay off the debt that they used. Higher financial leverage also leads to more volatility in earnings.
Nadell Corporation reported the following data for the month of AprilInventory Beginning Ending Raw Materials $30,000 $32,000 Work in Process $20,000 $21,000 Finished Goods $39,000 $53,000If the company transferred $234,000 of completed goods from work in process to finished goods inventory during April, what was the cost of goods sold for the month?
Answer:
COGS= $181,000
Explanation:
Giving the following information:
Beginning Finished Goods= $39,000
Ending Finished Goods= $53,000
Cost of goods manufactured= 234,000 - 39,000= $195,000
To calculate the cost of goods sold, we need to use the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 39,000 + 195,000 - 53,000
COGS= $181,000
1. In a transportation problem with 4 sources and 4 destinations, how many shipping lanes will exist?
2. In a transportation problem with 3 sources and 3 destinations, how many fixed requirements constraints will be needed?
Answer:
1. 16
2. 6
Explanation:
1. There are 4 sources that can ship to 4 different destinations. Each of the 4 can ship to any of the 4 destinations which means that the number of shipping lanes is;
= 4 * 4
= 16
2. There are 3 sources which means the fixed requirement for sources is 3. There are 3 destinations which means the fixed requirement for destinations is 3.
The total fixed requirements are;
= 3 + 3
= 6
The process of first creating and then developing and strengthening capabilities internally
A. is a one-step process that centers around properly training and empowering employees to
B. requires first developing the ability to do something, however imperfectly or inefficiently perform their assigned activities in a tightly-prescribed manner developed by the company's foremost technical experts second, translating this ability into a tried-and-true competence and/or capability by learning to do the activity consistently well and at an acceptable cost, and then continuing to polish, refine, and sharpen their performance of the competence or capability, striving not just for ongoing improvements but, ultimately, for best-in-industry or best-in-world proficiency
C. entails organizing a group of employees with the needed know-how and expertise intoa single department, providing departmental members with thgmtools and training needed to learn the desired competence/capability, informing the department of the target levels of proficiency and cost that the company needs, and then motivating departmental members with an attractive package of rewards and incentives if they meet or beat the proficiency-cost targets
D. can be shortcut by weeding out underperforming employees, replacing them with people having stronger skills sets and know-how, providing the new personnel with clear and detailed instructions on how to perform the desired capability, supervising their efforts, and having them repeat the activity a sufficient number of times to polish and sharpen their proficiency levels
E. stands a better chance of succeeding if a company creates competence teams and capability teams, provides team members with first-rate training and adequate resources, and empowers the team members to exercise their creativity and ingenuity to become proficient in performing their assigned competence/capability
Answer:
B. requires first developing the ability to do something, however imperfectly or inefficiently perform their assigned activities in a tightly-prescribed manner developed by the company's foremost technical experts second, translating this ability into a tried-and-true competence and/or capability by learning to do the activity consistently well and at an acceptable cost, and then continuing to polish, refine, and sharpen their performance of the competence or capability, striving not just for ongoing improvements but, ultimately, for best-in-industry or best-in-world proficiency
Explanation:
If a company chooses to develop it's competencies and capabilities internally and not externally by maybe choosing to outsource experts or merging or collaborating with companies with required competence and expertise, then they would have to follow through with the process of developing and nurturing internal capability and competencies. To proceed with internal competence, a company would need to hire experts if there are none in the company, these experts would train staff who follow through with the process in the option chosen above.
A the production possibilities frontier (PPF) is bowed outward as a result of:_________
1) constant opportunity costs.
2) increasing opportunity costs.
3) decreasing opportunity costs.
4) scarcity.
5) choice.
Answer: 2) increasing opportunity costs.
Explanation:
The Production Possibilities frontier is bowed out as it shows that for one more unit of a good to be produced, an additional unit of the other good must be given up.
This represents increasing opportunity costs because opportunity cost is the cost we incur for choosing one alternative over another. By producing more and more of one good, we give up more and more of the other good which means that our opportunity cost rises.
Which of the following is not one of the reasons why consumers and businesses have been slow to embrace mobile commerce? Select one: a. Concerns about privacy and security b. Consumers find mobile devices too complicated to use for commerce c. Limited and inconvenient mobile payment options d. Lack of technological standardization (devices, OSs, browsers, etc.)
Answer:
b. Consumers find mobile devices too complicated to use for commerce
Explanation:
This is far from being a reason why consumers and businesses have been slow to embrace mobile commerce. Consider, it is a known fact that mobile devices are more than ever before now user friendly, and information about operating them can be found quickly online.
Rather, the reasons for such slow adoption has often been attributed to consumer's concerns about privacy and security, limited and inconvenient mobile payment options, and a lack of technological standardizations, etc.
A company receives a 5%, 90-day note for $3,600. The total interest due on the maturity date is: (Use 360 days a year.)
Answer:
$45
Explanation:
The total interest due on note can be calculated by multiplying the Value of note with interest rate for required days. The formula for interest should be
Total Interest due = Value of Note x Interest Rate x 90/360
DATA
Value of note = $3,600
Interest rate = 5%
Number of days = 90
Total days n a year = 360
Solution
Total interest due = 3,600 x 5% x 90/360
Total interest due = $45
Prepaid Advertising has a debit balance in the Trial Balance section of the worksheet of $1500 and a credit entry of $550 in the adjustments section of the worksheet the balance of Prepaid Advertising in the Adjusted Trial Balance section of the worksheet is a:_______
a) $1050 bin
b) $1050 credh
c) $4500 de
d) $550 de
Prepaid Advertising has a debit balance in the Trial Balance section of the worksheet of $1500 and a credit entry of $550 in the adjustments section of the worksheet the balance of Prepaid Advertising in the Adjusted Trial Balance section of the worksheet is a $1050 credh. Therefore, option B is correct.
What is worksheet ?The worksheet is an accounting technique that integrates accounting information for classification and modification. Prior to the creation of financial statements, the worksheet's primary goal is to confirm the veracity of accounting data.
Cells in a worksheet (sometimes referred to as a spreadsheet) can be used to enter and compute data. Columns and rows have been used to arrange the cells. A workbook is where a worksheet is always kept. Many worksheets can be found in a workbook. Consider it a book.
In its most basic sense, a worksheet is just a piece of paper that is used for working. They are frequently used in school, finance, and tax and may be to complete a task, log, or accompany work.
Thus, option B is correct.
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Tim purchased a bounce house one year ago for $6,500. During the year it generated $4,000 in cash flow. If Time sells the bounce house today, he could receive $6,100 for it. What would be his rate of return under these conditions?
Answer:
Tim's rate of return under these conditions would be 55.38%.
Explanation:
Rate of return refers to the income realized or to be realized from an investment expressed as a proportion of the cost of that investment.
For Time, his rate of return can be calculated using the rate of return formula as follows:
Rate of return = Net return / Purchase price .................... (1)
Where;
Rate of return = ?
Net return = Total realizable amount - Purchase price .......... (2)
Purchase price = $6,500
Total realizable amount = Cash flow generated + Amount to realize if sold = $4,000 + $6,100 = $10,100
Substitute the relevant values into equation (2), we have:
Net return = $10,100 - $6,500 = $3,600
Substitute the relevant values into equation (1), we have:
Rate of return = $3,600 / $6,100 = 0.5538, or 55.38%
Therefore, his rate of return under these conditions would be 55.38%.
Answer:
55.38%
Explanation:
Tim purchased a bounce house one year ago for $6,500
During the year it generated a cash flow of $4,000
If Tim sell the bounce house today, he would receive $6,100 for it
Therefore the rate of return under this condition can be calculated as follows.
= $6,100-$6,500+$4000/$6,500
= $3,600/$6,500
= 0.5538×100
= 55.38%
Hence the rate of return under this condition is 55.38%
Cardero Midwifery's cost formula for its wages and salaries is $2,280 per month plus $348 per birth. For the month of August, the company planned for activity of 118 births, but the actual level of activity was 116 births. The actual wages and salaries for the month was $44,120. The wages and salaries in the planning budget for August would be closest to:
Answer:
Total cost= $43,344
Explanation:
Giving the following information:
Cardero Midwifery's cost formula for its wages and salaries is $2,280 per month plus $348 per birth.
The company planned for an activity of 118 births.
To calculate the budgeted total cost for wages and salary, we need to use the following formula:
Total cost= total fixed cost + unitary variable cost*number of births
Total cost= 2,280 + 348*118
Total cost= $43,344
Your company has decided to switch from IPv4 to IPv6 for all network communications. What do you need to check before this can happen?
Answer:
When switching from IPv4 to IPv6 for all network communications, we need to check the following:
1. Analysis of the cost-benefit: When cost-benefit is properly analyzed, it will help prevent pushback that might arise while executing the project. It will help in securing resources and proper management which will enable all to see the benefit of the project.
2. Readiness for migration will be assessed: The assessment is necessary in order to ascertain if applications will support this transition.
3. Proper migration planning will be carried out
Explanation:
There is a keen observation in the advantage of migrating from IPv4 to IPv6. IT managers of organizations have observed that there success in service provision when using IPv6.
IPv6 (known as Internet Protocol version 6) is the current version of the Internet Protocol which provides identication for computers and routes traffic in the web.
Circumstances) People, constraints, and consumption are some of the key factors that will impact on your critical thinking and shape your ambitions. True False
Answer:
True
Explanation:
Critical thinking is the thinking that deals in analyzing the facts so that the judgment could be created. It involves various things like rationality, non-biased, proof-based on facts provided, etc
Here the factors that directly impact the critical thinking are people, constraints and the consumption this results in shaping your goals and objectives you made
hence, the given statement is true
You are a consultant to a large manufacturing corporation that is considering a project with the following net after-tax cash flows (in millions of dollars):
Years from Now After-Tax Cash Flow
0 -40
1-10 15
The project's beta is 1.8.
Assuming that rf = 8% and E(rM) = 16%, what is the net present value of the project?
Answer:
$18.092 million
Explanation:
For determining the net present value first we have to find out the cost of equity or discount rate by using the CAPM formula
Cost of equity = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)
= 8% + 1.80 × (16% - 8%)
= 8% + 1.80 × 8%
= 8% + 14.4%
= 22.4%
Now the net present value is shown below:
= -$40 million + $15 million × PVAF(22.4%, 10 years)
= -$40 million + $15 million × 3.8728
= $18.092 million
If sales are $820,000, variable costs are 55% of sales, and operating income is $260,000, what is the contribution margin ratio?
Answer:
45%
Explanation:
Contribution margin ratio = Contribution margin / Sales
Where;
Contribution margin = Sales - Variable cost
= $820,000 - $451,000(55% of sales)
= $369,000
Contribution margin ratio = $369,000 / $820,000 × 100
= 45%
Programs that award certificates that can have in securing jobs are called: A: high-school diploma programs B: secondary school programs C: vocational or technical education programs D: internships or on-the-job training
Answer:
C: vocational or technical education programs
Explanation:
A vocational/technical training program often results in certification useful for obtaining a job.
__
The other educational programs listed may be helpful, but typically don't offer skill certification.
Answer:
vocational or technical education programs
Explanation:
Suppose that on January 6, 2018, Excel Motors paid $240,000,000 for its 45% investment in Dynamic Motors. Excel has significant influence over Dynamic after the purchase. Assume Dynamic earned net income of $10,000,000 and paid cash dividends of $15,000,000 to all outstanding stockholders during 2018. (Assume all outstanding stock is voting stock.) Read the requirements Requirement 1. What method should Excel Motors use to account for the investment in Dynamic Motors?2. Journalize all required 2018 transactions related to Excel Motors's Dynamic investment. Include an explanation for each entry.3. Post all 2018 transactions to the investment T account. What is its balance after all transactions are posted? How would be this balance be classified on the balance sheet dated December 31 2018?
Answer:
1. What method should Excel Motors use to account for the investment in Dynamic Motors?
equity method since Excel Motors exercises significant influence (more than 20% of outstanding stocks) over Dynamic Motors
2. Journalize all required 2018 transactions related to Excel Motors's Dynamic investment. Include an explanation for each entry.
January 6, 2018, investment in Dynamic Motors
Dr Investment in Dynamic Motors 240,000,000
Cr Cash 240,000,000
Sometime during 2018, cash dividends are distributed
Dr Cash 6,750,000
Cr Investment in Dynamic Motors 6,750,000
Under equity method, cash dividends decrease investment account
December 31, 2018, net income is reported
Dr Investment in Dynamic Motors 4,500,000
Cr Investment revenue 4,500,000
Under equity method, net income increases investment account
3. Post all 2018 transactions to the investment T account. What is its balance after all transactions are posted? How would be this balance be classified on the balance sheet dated December 31 2018?
Investment in Dynamic Motors
debit credit
240,000,000 (January 6, 2018)
6,750,000 (sometime during 2018)
4,500,000 (December 31, 2018)
$237,750,000 ⇒ Investment account should be reported as a non-current asset account.
Cash
debit credit
240,000,000 (January 6, 2018)
6,750,000 (sometime during 2018)
$233,250,000 ⇒ negative balance since we were not given the initial cash amount. Cash is a current asset account.
Investment revenue
debit credit
$4,500,000 (December 31, 2018)
*Revenues are not reported on the balance sheet, but they do increase retained earnings account.
A country is said to have a _______ exchange rate when the government keeps the exchange rate against other currencies at or near a particular target, while a country is said to have a _______ exchange rate when the rate is allowed to move with the market. a. fixed, fixed b. Floating, floating c. flat, flexible d. stable, free market e. static, variable
Answer:
Fixed
Explanation:
The government keeps the exchange rate FIXED the the same rate.
The Marchetti Soup Company entered into the following transactions during the month of June:
(1) purchased inventory on account for $195,000 (assume Marchetti uses a perpetual inventory system);
(2) paid $50,000 in salaries to employees for work performed during the month;
(3) sold merchandise that cost $140,000 to credit customers for $250,000;
(4) collected $230,000 in cash from credit customers; and
(5) paid suppliers of inventory $175,000.
Post the above transactions to the below T-accounts. Assume that the opening balances in each of the accounts is zero except for cash, accounts receivable, and accounts payable that had opening balances of $70,000, $53,000, and $32,000, respectively.
Answer:
Cash account
debit credit
opening 70,000
2) 50,000
4) 230,000
5) 175,000
75,000
Accounts receivable account
debit credit
opening 53,000
3) 250,000
4) 230,000
73,000
Accounts payable account
debit credit
opening 32,000
1) 195,000
5) 175,000
52,000
Merchandise inventory account
debit credit
1) 195,000
3) 140,000
55,000
Wages expense account
debit credit
2) 50,000
Sales revenue account
debit credit
3) 250,000
COGS account
debit credit
3) 140,000
Hadley, a business researcher, believes that organizations will have to spend a lot of money on employee health care in the future. Her colleague Owen argues that organizations will not have to increase their spending on employee health care benefits. Which statement weakens Owen's argument
Answer: A. The fastest-growing share of the workforce is at least 55 years old.
Explanation:
The options to the question are:
A. The fastest-growing share of the workforce is at least 55 years old.
B. The fastest-growing age group is workers 16-25, who are prone to having accidents.
C. The largest proportion of the labor force is expected to be in the 16- to 25-year age group.
D. The total cost of labor in the United States will decrease considerably in the near future.
E. The labor force is expected to grow at a greater rate by 2026 than at any other time in U.S. history.
From the question, we are informed that Hadley, a business researcher, believes that organizations will have to spend a lot of money on employee health care in the future while Owen argues that organizations will not have to increase their spending on employee health care benefits.
The statement that weakens Owen's argument is that the fastest-growing share of the workforce is at least 55 years old. This simply means there are more old people incthe the workforce and that means there'll be more tendency for them to go to hospitals when ill compared to youths who'll be stronger.
g If a tax cut increases aggregate demand more than aggregate supply, real GDP ________ and the price level ________.
Answer:
Increase, Increase.
Explanation:
The real GDP “Increases” and the price level “ increases” because the reduction in the tax rate will increase the purchasing power and then people will consume more. Thus, the aggregate demand rises and this rise in the aggregate demand will shift the demand curve rightwards. Resulting in an increase in the price and real GDP increase because the new market equilibrium will be above the old equilibrium.
If the units completed were transferred to the Labeling Department, what is the appropriate journal entry to transfer the conversion costs
Answer:
Work in Process—Labeling $196,000; Work in Process—Canning $196,000.
Explanation:
Conversion costs are to be accounted for on 50,000 units transferred to the Labelling department at a cost of $3.92 per equivalent unit.
Total conversion cost = 50,000 * 3.92
= $196,000
This would be transferred from the Work in progress account for the Canning department so that account would be credited and the Labelling department Work in progress account which is receiving it would be debited.
DR Work in Process—Labeling...................................... $196,000
CR Work in Process—Canning........................................................ $196,000.
If the nominal interest rate per year is 10% and the inflation rate is 4%, the real rate of interest is closest to
Answer:
Real interest rate= 0.06 = 6%
Explanation:
Giving the following information:
Nominal interest rate= 10%
Inflation rate= 4%
The real interest rate is the result of deducting from the nominal interest rate the inflation rate. Inflation has the opposite effect than the interest rate on the value of money through time.
Real interest rate= nominal interest rate - inflation rate
Real interest rate= 0.10 - 0.04
Real interest rate= 0.06
Which decision-making models best describe how decision-making takes place in the research and development laboratory of a major drug company?
Answer:
Garbage-can model
Explanation:
The decision-making models that best describe how decision-making takes place in the research and development laboratory of a major drug company is the Garbage-can model, this is because the research and development laboratory is a complex and unstable environment
decisions taken in a research laboratory are mainly unpredictable and uncertain as most solution are turned in problems first before another solution can be created
Santo Corporation declares and distributes a cash dividend that is a result of current earnings. How will the receipt of those dividends affect the net income of the investor under the Fair Value Method and the Equity Method, respectively?
Answer:
Under the equity method, cash dividends reduce the carrying value of the investment account (asset account), they are not considered income. For e.g.
Journal entry to record investment
Dr Investment in Santo Corporation 100,000
Cr Cash 100,000
Journal entry to record cash dividend
Dr Cash 5,000
Cr Investment in Santo Corporation 5,000
Under the fair value method, cash dividends are considered income. For e.g.
Journal entry to record investment
Dr Investment in Santo Corporation 100,000
Cr Cash 100,000
Journal entry to record cash dividend
Dr Cash 5,000
Cr Dividend income 5,000
With seven other homeowners, Marty was invited to a(n) _____ where the researcher asked the group general questions about how they do yard work. The interview revealed that most have limited time to work in the yard and would be willing to hire a lawn care service if the price were reasonable.
Answer:
The answer is:
focus group
Explanation:
a focus group is a small group of a population, made up of the different categories of the members of the larger population (demographic diversity, whose reactions on particular research are studied using a guided or open discussions, to reflect reliably the reactions that can be expected from the larger population. Use of focus groups is for data collection. In this example, the intended research is on "how homeowners do yard work" and " their views on hiring lawn care services". The group to be focused on (focus group) is the homeowners, so anyone who does not own is home is not part of this group and in order for this group to accurately reflect all the homeowners population, it should include men and women, with different types of homes.
The Baldwin Company currently has the following balances on their balance sheet: Total Assets $170,110 Total Liabilities $71,983 Retained Earnings $87,805 Suppose next year the Baldwin Company generates $44,200 in net profit, pays $12,000 in dividends, total assets increase by $55,000, and total liabilities remain unchanged. What will ending Baldwins balance in Common Stock be next year? Select: 1Save Answer $33,122 $97,522 $177,088 $384,898
Answer:
.
Explanation:
The international equilibrium price (or world price) and quantity for a traded item is determined by:
Answer: The intersection of the export supply schedule and the import schedule
Explanation:
An equilibrium price is the price that is derived at the point where the supply of goods and demand of goods matches.
It should be noted that the international equilibrium price (or world price) and quantity for a traded item is determined by intersection of the export supply schedule and the import schedule. At the point they intersect, the price will be gotten. Than, the market can be said to be in a state of equilibrium.