Answer:
No, I don't have any preference for using any paper based systems.
Explanation:
The reason why I don't have any preference for paper based system is as under:
It is time to embrace technological advancements and managing our financial records using softwares, fintech technology and accounting softwares has made the record keeping much easier than before. The biometric technology can help in authenticating the records and physical presence can also be authenticated via a video of the person using the biometric system. This has enabled the companies to lower its paper usage significantly and now, we can rely on a new green technology that would resolve our numerous issues along with deforestation. Other factors are Editing issues, cost of transporting data, ethical trading, Accuracy of record keeping, Correction traceable, Cost of managing information, etc.Curtis Corporation's noncallable bonds currently sell for $1,165. They have a 15-year maturity, an annual coupon of $95, and a par value of $1,000. What is their yield to maturity
Answer:
The answer is 7.61%
Explanation:
N(Number of periods) = 15 years
I/Y(Yield to maturity) = ?
PV(present value or market price) = $1,165
PMT( coupon payment) = $95
FV( Future value or par value) = $1,000.
We are using a Financial calculator for this.
N= 15; PV = -1165; PMT = 95; FV= $1,000; CPT I/Y= 7.61
Therefore, the Yield-to-maturity of the bond is 7.61%
Natalie and Curtis have been experiencing great demand for their cookies and muffins. As a result, they are now thinking about buying a commercial oven. They know which oven they want and that it will cost $17,000. The company already has $5,000 set aside for the purchase and will need to borrow the rest.
Natalie and Curtis met with a bank manager to discuss their options. She is willing to lend Cookie & Coffee Creations Inc. $12,000 on November 1, 2017, for a period of 3 years at a 5% interest rate. The terms provide for fixed principal payments of $2,000, on May 1 and November 1 of each year plus 6 months of interest. Determine the current portion of the note payable and the long-term portion of the note payable at October 31, 2018.
Answer:
Cookie & Coffee Creations Inc.
a) Current Portion of Note Payable:
= $4,000
b) Long-term Portion of Note Payable:
= $6,000
Explanation:
Data and Calculations:
Date of Note Payable = November 1, 2017
Period = 3 years
Interest rate = 5%
Terms of payment:
Fixed principal payments = $2,000
Payment dates = May 1 and November 1
Each year's principal repayment = $4,000 ($2,000 x 2)
From November 1, 2017 to October 31, 2018 = $4,000
At October 31, 2018, Payment made = $2,000 on May 1
Remaining Note payable = $10,000 ($12,000 - $2,000)
Current Portion = $4,000 ($2,000 x 2)
Long-term Portion = $6,000
b) The current portion of $4,000 will be payable on November 1, 2018 and May 1, 2019. The current portion represents the short-term portion of the note payable, which is the portion that will be settled within a 12-months' period. Since Cookie & Coffee Creations Inc. had already paid $2,000 on May 1, 2018, the long-term portion will only remain $6,000 ($12,000 - $2,000 - $4,000), which is the difference between the total note payable, the portion paid on May 1, 2018, and the current portion of $4,000 that will be payable within one year.
Which one of the following is not part of the task of checking a diversified company's business?
A. Determining which business units have value chain match-ups that offer opportunities to transfer competitively valuable resources/capabilities from one business to another and which business lack such opportunities (and therefore have inadequate resource fit).
B. Determining whether one or more businesses soak up a disproportionate share of the corporate parent's financial resources, make subpar or inconsistent bottom-line contributions, are too small to make a material earnings contribution, or are unduly risky (such that the financial well-being of the whole company could be jeopardized in the event such businesses fall upon hard times).
C. Determining whether the corporate parent's resources and parenting capabilities are poorly matched to the needs/requirements of one or more of the businesses it has diversified into.
D. Determining whether the company has adequate financial strength to fund its different businesses, pursue growth via new acquisitions, and maintain a healthy credit rating.
E. Determining whether the company's resources and capabilities are being stretched too thinly by the resource/capability requirements of one or more of its businesses.
Answer:
All the above options are correct.
Explanation:
Value chain match-ups give rise to competitive advantage if it allows sister companies to leverage economies of scale by sharing production resources to the end that costs are significantly reduced, skills and technology are transferred and information grows within the system.
If any sub-business within a diversified group is taking more resources than it is contributing, it should be evaluated for possible course correction, "tune-ups" and or turn around interventions.
When there is a poor match between the parent company and the newly acquired company, there is often the need to re-evaluate the decision. If it is possible to effect a turnaround, at the least cost possible, the parent company would most likely do that otherwise, it "disconnects the umbilical cord".
Finance is a critical factor with maintaining a diverse array of businesses. Ideally, each business should be responsible for it's financial health. However the collective financial health of each sub-business is also reflective of the ability to monitor the progress of each subsidiary an make good business calls.
Cheers!
The average total cost of producing electronic calculators in a factory is $10 at the current output level of 260 units per week. If fixed cost is $880 per week, then what is the firm's variable cost? (enter answer as just a number no commas, dollar signs or the like).
Answer:
6.62
Explanation:
total production costs = total output x average total cost per unit = 260 calculators x $10 per unit = $2,600
total fixed costs = $880
total variable costs = total production costs - total fixed costs = $2,600 - $880 = $1,720
variable cost per unit = total variable costs / total output = $1,720 / 260 calculators = $6.61538 = $6.62 per unit
7. List and explain 3 things that make you enthusiastic about learning?
Answer:
1) Reward
2) Enjoyment
3) Personality Growth
Explanation:
Learning Business
I opted for Business because it is very easy as compared to other subjects.
It is applicable anywhere anytime.
It is rewarding in terms of rules and regulations.
Otherwise Learning
It enhances your abilities making you a strong enough person to fight any challenge.
It is always rewarding. It pays you one way or other.
It polishes and nourishes your personality to an extent where you feel better adapted towards life.
It is an enjoyment in the sense that it makes you see how well you use your abilities. For example I like mathematics and I enjoy doing it. Some people like drawing and they enjoy it.
What type of value may consumers be interested in if they are looking for the potential rate of return
Answer: Investment Value
Explanation:
The Investment value of a project is the amount that an investor believes the project is worth to them. There are certain parameters to decide this but the most important is the potential rate of return.
The Potential rate of return tells the investor how much they can expect as returns should they invest in such a project. If it is high, the investment value will be high as well.
"Al quit his job as a manager at North End Savings bank where he earned $105,000 a year. He cashed in $300,000 in corporate bonds that earned 2% interest annually to set up a gym. Al has decided to buy a store front and set up exercise classes. There are 900 people who will pay $1200 a year for unlimited classes; $850 from each person goes for"
Answer:
the question is incomplete, so I looked for more information:
"...for instructors, rent, maintenance, equipment, insurance, depreciation etc.
Write your answers to the following questions on the answer sheet.
A. What are Al’s total revenues?
B. What are Al’s explicit costs?
C. What is his accounting profit?
D. List 2 in numbers 2 implicit costs that Al has not included.
E. What is Al ’s pure economic profit (or loss) in numbers?"
a) Al's total revenues = 900 x $1,200 = $1,080,000
b) Al's explicit costs = 900 x $850 = $765,000
c) accounting profit = $1,080,000 - $765,000 = $315,000
d) implicit costs = $105,000 (in lost wages) + $6,000 (in lost interests) = $111,000
e) pure economic profit = $315,000 - $111,000 = $204,000
Cyberhost Corporation's sales were $225 million last year. If sales grow at 6% per year, how large (in millions) will they be 5 years later
Answer:
$301.10 MILLION
Explanation:
the formula for determine the future value of sales =
P (1 +r)^n
P = Present value = $225 million
R = interest rate = 6%
N = number of years = 5
$225 million(1.06)^5 = $301.10 MILLION
alley Spa purchased $10,800 in plumbing components from Tubman Co. Valley Spa signed a 60-day, 10% promissory note for $10,800. If the note is dishonored, but Tubman intends to continue collection efforts, what is the journal entry to record the dishonored note
Answer: Please see explanation column for answer
Explanation:
Interest amount =Principal (note amount) x rate x period
= $10,800 x 10% x 60/360 = $180
journal entry to record the dishonored note
Account Debit Credit
Account receivable - valley spa $10,980
Interest Revenue $180
Notes receivable $10,800
Account receivable= $10,800 +$180 =$10,980
Here, the company intends to continue with collection efforts, so the amount would be classified as the dishonored note as part of accounts receivable by Debiting the accounts receivable which would be the total of the principle and interest owed also crediting the notes receivable account for the principle amount and the interest revenue account for the interest amount.
The four kinds of structural organizational change enabled by IT, in order from least to most risky, are:
Answer: automation, rationalization, redesigning, and paradigm shift.
Explanation:
The four kinds of structural organizational change enabled by IT, in order from least to most risky, are automation, rationalization, redesigning, and paradigm shift.
In automation, it should be noted that the employees are typically enabled to perform tasks more efficiently. Paradigm shift has to do with fundamental changes that occurs with the underlying assumption
There are zero coupon bonds outstanding that have a YTM of 6.09 percent and mature in 17 years. The bonds have a par value of $10,000. If we assume semiannual compounding, what is the price of the bonds?
Answer:
$3,606.49
Explanation:
the price of a zero coupon bond = maturity value / (1 + i)ⁿ
maturity value = $10,000i = 6.09% / 2 = 3.045% semiannual interest raten = 17 years x 2 semiannual compounding = 34 periodsthe price of a zero coupon bond = $10,000 / (1 + 3.045%)³⁴ = $10,000 / 1.03045³⁴ = $10,000 / 2.772779928 = $3,606.49
the formula we used to determine the market price of a zero coupon bond is basically the present value
(a) Argue whether or not a firm should continue production if its MR is lower than its AVC. (b) Support your argument with explanations.
Answer: A firm should not continue production when its MR is lower than its AVC.
Explanation:
The goal of every firm is to minimize cost and also maximize profits and therefore the firm will operate at the output level where the marginal revenue and the marginal cost equates.
A firm should not continue production when its MR is lower than its AVC. Here, the firm will incur a higher loss during production as producing will not offset the variable cost. Therefore, it's better to shut down.
The city of Hartwell spends about $3 million annually on snow removal. The city is considering amending its real property tax law to allow homeowners to offset the cost of private snow removal against their annual property tax liability. This amendment would affect the:
Answer: efficiency of the tax
Explanation:
From the question, we are informed that the city of Hartwell spends about $3 million annually on snow removal and that the city is considering amending its real property tax law to allow homeowners to offset the cost of private snow removal against their annual property tax.
It should be noted that the amendment to the affect the efficiency of the tax. The aim of the amendment in this case is to help change the behavior of the taxpayer by giving out rewards to the people who remove their own snow.
If the expected ROE on reinvested earnings is equal to k, the multistage DDM reduces to:_______A. VO= (Market return in year 1)/k. B. VO= (Treasury bond yield in year 1)/k. C. VO= (expected dividend yield in year 1)/k. D. VO= (expected EPS in year 1)/k.
Answer:
VO = ( expected EPS in year 1 )/k ( D )
Explanation:
The multistage DDM reduces to, VO = ( expected EPS in year 1 )/k, The expected ROE on reinvested earnings been equal to K shows that the ROE is constant. since it is constant the value on returned earnings would be zero.
this simply means that EPS = DPS
The insurance policy, together with the policy application and any added riders form what is known as
Answer:
certificate of coverage
Explanation:
All of this forms what is known as a certificate of coverage. These are all the forms detailing all of the benefits you and your dependents have under the insurance plan that you are currently enrolled in. This also clearly details all of the services and benefits that are not included in the insurance policy and are described as exclusions to the policy. This is not to be confused with a certificate of Creditable Coverage (COCC) which is only a document that proves that your insurance has ended.
One common feature of agile projects is the "walk-around meeting".
A. True
B. False
Answer:
A
Explanation:
Agile means able to move around quickly
The "walk-around meeting" is a regular characteristic in agile projects, and this is accurate.
What is a characteristic?The distinctive qualities or traits of anything are its characteristics. Consider traits as the attributes that set one object or a person apart from another. One trait of the chameleon, for instance, is its capacity for camouflage.
Agile lets teams offer value to their clients more quickly and with fewer difficulties through an iterative approach to project management and software development. An agile team produces work in manageable, small-scale increments rather than staking all on a "big bang" launch.
Therefore, The "walk-around meeting" is a regular characteristic in agile projects, and this is accurate.
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"What is Al’s total revenue? 3 pts) B. What are Al’s explicit costs? In numbers (3 pts) C. What is his accounting profit? In Numbers (3 pts) D. List 2( in numbers ) implicit costs that Al has not included. (3 pts) E. What is Al’s pure economic profit (loss)in numbers? ("
Answer:
A. $1,020,000
B.$680,000
C.$340,000
D.$95,000
E.$245,000
Explanation:
A. Calculation for Jon’s total revenues
Using this formula
Jon's total revenue = Amount of fees per person × Number of persons
Let plug in the formula
Jon's total revenue = $1,200 × 850
Jon's total revenue=$1,020,000
B. Calculation for Jon’s explicit costs
Using this formula
Explicit costs = Amount of money that goes for instructors, maintenance, equipment,insurance, depreciation ×Number of persons
Let plug in the formula
Explicit costs= $800 ×850
Explicit costs =$680,000
C. Calculation for the his accounting profit
Using this formula
Accounting profit = Amount of Revenue - Explicit costs
Let plug in the formula
Accounting profit= $1,020,000 - $680,000 Accounting profit=$340,000
D. Calculation to List 2 in numbers 2 implicit costs that Jon has not included
Based on the information given we were told that he is foregoing an amount of $92,000 as wage and 1.5% interest on his amount of $200,000 which is a corporate bonds to start the business.
Hence
Jon total opportunity costs = $92,000 + (1.5%×$200,000)
Jon total opportunity costs = $92,000 +$3,000 Jon total opportunity costs=$95,000.
E. Calculation for Jon’s pure economic profit (or loss) in numbers
Using this formula
Economic profit = Accounting profit - opportunity costs
Let plug in the formula
Economic profit = $340,000-$95,000
Economic profit = $245,000
11. If 8,000 units are produced, what is the total amount of manufacturing overhead cost incurred to support this level of production
This question is incomplete, the complete question is;
Martinez company's relevant range production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows:-
Average cost per unit
Direct materials $7.00
Direct labor $4.50
Variable manufacturing overhead $1.40
Fixed manufacturing overhead $4.00
Fixed selling expense $4.00
Fixed administrative expense $2.10
Sales commissions $1.10
Variable administrative expense $0.55
If 8,000 units are produced,
a) what is the total amount of manufacturing overhead cost incurred to support this level of production
b) What is this total amount expressed on a per unit basis
Answer:
a) the total amount of manufacturing overhead cost incurred to support this level of production is $51,200
b) What is this total amount expressed on a per unit basis is $6.40
Explanation:
a)
Given that;
number of units produced is 8,000 units
Variable manufacturing overhead is $1.40
Variable manufacturing overhead cost will be units produced / Variable manufacturing overhead
so Variable manufacturing overhead cost = 8000 units × $1.40 = $11,200
Now Fixed manufacturing overhead cost = 10000 units × $4 = $ 40,000
Total manufacturing overhead cost is the addition of Variable manufacturing overhead cost and Fixed manufacturing overhead cost
$11,200 + $40,000 = $51,200
b)
Number of units produced = 8,000
therefore Manufacturing overhead per unit = Total manufacturing overhead cost / Number of units produced
51,200 / 8,000 = $6.40
Brandon, a U.S. manager, is on a business trip in Tokyo meeting with a group of executives. Brandon receives a gift from one of the Japanese executives. What should Brandon most likely do?
Answer: B) open the gift in private
Explanation:
One of the advantages of globalizaton is that we get to learn about the customs of different societies so that we may appreciate and respect them.
In the above scenario, Brandon should open the gift in private because it is a norm in Japan that when a gift is given to you in the presence of people, it should be opened in private.
This is to avoid embarrassment in case the gift is not up to standard. It also helps to avoid comparison in the case of multiple gifts especially when given to people of different status.
A country has passed a law setting a minimum wage for factory workers 5% below the equilibrium price. How will this law impact the labor market?
A.) The law will likely cause a shortage of labor.
B.) The law will likely increase unemployment.
C.) The law will have no impact on the market.
D) The law will increase prices without affecting quantity.
Answer:
C.) The law will have no impact on the market.
Explanation:
The minimum wage refers that the producers could charge high amount as compared with the wages i.e. minimum also the equilibrium wage would be more than the minimum wage so this represents that the market is an equilibrium point and hence there is no impact on the market
Therefore the option C is correct
And, hence all the other options are wrong
"A customer directs his broker to "Sell 100 shares of ABCD stock and use the proceeds to buy 100 shares of XPDQ stock." This is a:"
Answer: Proceeds transaction
Explanation:
In a proceeds transaction, the broker is involved in two related transactions which are the selling of one stock and the buying of another.
Proceed transactions involve a customer asking their broker to sell their stock and then use the proceeds gained from that sale to buy another stock which is what the customer did when he directed his broker to sell ABCD stock and use the proceeds to buy XPDQ stock.
The main principle behind corporate governance is that the ultimate power to make decisions resides in the hands of _______________________.
Answer:
Board Members
Explanation:
The Board Members are appointed as Stewards for the company by the owners (shareholders). They have a sole role of making sure that the shareholders get a favorable return on their capital with out upsetting the triple bottom line that is People, Profit and Planet (Environment).
Corporate Governance established through regulations or other codes of such as the King IV ensure that each and every board member exercise their required expertise to the benefit of the Company.
Sometimes employees have different opinions about how things should be done, or simply have a personality conflict, and then Candace fulfills the
Answer:
disturbance handler role of management
Explanation:
Note that a manager not only directs employees but also resolves disputes among employees. In this scenario, Candace plays the disturbance handler role of management which involves a manager to fairly use his position of authority to resolve conflicts among employees.
Do you think that MTV's future lies mostly in its international operations?
Answer:
Yes.
I think that "MTV's future lies mostly in its international operations." This is where the market is for cable TV. The domestic market is already saturated. For an organization of its kind, the best it can do is to expand beyond the domestic market, which it has already done. For example, its African channel is booming. It is also a way to project American culture to the world to help create cross-cultural understanding, while also importing some outside culture to the US in a globalized world.
Explanation:
As a giant American multinational cable channel, MTV focuses on original reality programming which targets teenagers and young adults. This defines its vision and mission. This implies that the company has already identified its purpose. There are teenagers and young adults over the world. This is why its outreach should not be restricted to the domestic US market alone.
Yes, I believe MTV's future lies mostly in its international operations. This is because the domestic market is almost saturated.
MTV, which is one of the foremost music television channels, can expand and grow its marketing operations by establishing and drawing international markets.
This is because making their output and contents align with the international markets such as Europe, Africa, Asia, and Latin America would generate more income.
Not only that, most international markets like Africa and Asia are still developing in terms of music and exposure to American content. Thus MTV has more space to develop.
Again, MTV can promote and develop the other continents' arts and culture in the American markets.
Hence, in this case, it is concluded that MTV's future lies mostly in its international operations.
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Refer to Scenario 14-4. When the firm increases its output from 150 units to 151 units, its marginal cost is
Answer: $32.05
Explanation:
Marginal Cost is the Cost of producing one extra unit.
The total cost of producing 150 units is;
Total = Units * average cost
= 150 * 24.50
= $3,675
Total cost of producing 151 units
= 151 * 24.55
= $3,707.05
Difference = 3,707.05 - 3,675
= $32.05
The holders of ZZZ Corporation's bonds with a face value of $1,000 can exchange that bond for 35 shares of stock. The stock is selling for $25.00. What is the conversion price
Answer: $28.57
Explanation:
The Conversion price is the price of the bond divided by the conversion ratio.
Price = $1,000
Conversion ratio = 35 shares
Conversion ratio = 1,000/35
= $28.57
A Bond With An Annual Coupon Rate Of 55% Sells For $970. What Is The Bond’s "current Yield"?
Answer: Bond’s current Yield =56.7%
Explanation:
if the annual coupon rate = 55%
then the bond annual coupon payment assuming a 1000 par value will be
= 55% x 1000 = 550
Current yield = actual coupon payment / current bond price
= 550 /970= 0.567 = 56.7%
Your client, Bo Regard, holds a complete portfolio that consists of a portfolio of risky assets (P) and T-Bills. The information below refers to these assets.
E(Rp)= 12%
Standard deviation of P 7.20%
Tbill rate 3.60%
Proportion of complete portfolio in P 80%
Proportion of complete portfolio in T bills 20%
Composition of P
Stock A 40%
Stock B 25%
Stock C 35%
Total 100%
What is the expected return on Bo's complete portfolio?
A) 10.32%
B) 5.28%
C) 9.62%
D) 8.44%
E) 7.58%
Answer:
A) 10.32%
Explanation:
Calculation for the expected return on Bo’s complete portfolio
Using this formula
Expected return =(Proportion of complete portfolio in P×E(Rp))+Proportion of complete portfolio in T bills×Tbill rate)
Let plug in the formula
Expected return=(80%×12%) + (20%×3.60%)
Expected return=0.096+0.0072
Expected return=0.1032×100
Expected return=10.32%
Therefore the expected return on Bo’s complete portfolio will be 10.32%
The Jennings Group reacquired 2 million of its shares at $50 per share as treasury stock. Last year, for the first time, Jennings sold 1 million treasury shares at $51 per share. If Jennings now sells the remaining 1 million treasury shares at $47 per share, by what amount will retained earnings decline
Answer: $2,000,000
Explanation:
Treasury stock is simply a stock that is bought back by a company while retained earnings are cumulative profit that a company makes after dividends has been paid out.
From the question, gain per share will be: $51 - $50 = $1
Therefore, there will be increase in retained earnings by $1 million.
The deficit per share will be:
= $47 - $50 = $-3
The amount that is declined in the retained earnings will now be:
= $-3 × 1,000,000
= $-3 million
The amount by which retained earnings will decline will be:
= $3,000,000 - $1,000,000
= $2,000,000
On January 1 of the current year, Jimmy's Sandwich Company, Inc. reported stockholders' equity totaling $122,500. During the current year, total revenues were $96,000 while total expenses were $85,500. Also, during the current year the business paid $20,000 to the stockholders. No other changes in equity occurred during the year. If, on December 31 of the current year, total assets are $196,000, the change in stockholders' equity during the year was:_________
a) A decrease of $9,500.
b) An increase of $9,500.
c) An increase of $30,500.
d) A decrease of $30,500.
e) An increase of 73,500.
A.nswer:
a) A decrease of $9,500.
Explanation:
Calculation for the change in total stockholders' equity
Using this formula
Change in total stockholders' equity = Total Revenues amount - Total Expenses amount - Dividends amount
Let plug in the formula
Change in total stockholders' equity =$96,000 - $85,500 - $20,000
Change in total stockholders' equity = Decrease of $9,500
Therefore the change in total stockholders' equity during the year was: a decrease of $9,500