Answer:
forgery.
Explanation:
In legal terms, forgery refers to falsifying documents or any other object of value and intend to negotiate it, collect it or benefit in any other way from it. But a forged document is not a valid document, therefore, the forged note that Hilltop Bank holds is no good. Forgery is a crime and it is a type of fraud.
If autonomous imports increase, then the aggregate expenditure curve shifts ________ and equilibrium real GDP ________.
Answer:
If autonomous imports increase, then the aggregate expenditure curve shifts downward and equilibrium real GDP decreases
Explanation:
When the autonomous imports takes place there will be more demand for the foreign good over the domestic goods. This is a fall in the demand for the domestic goods and this will result in lower production in the economy and also result a fall in the employment. So the ultimate result is the reduction of the aggregate demand in the economy.
Aaron promises to sell his boat to Matt, and Matt promises to buy it from Aaron. What type of contract is this? Group of answer choices
Answer: c. A bilateral contract
Explanation:
In a bilateral contract, the parties involved promise to both perform duties to the other which will make them both an obligor and an obligee.
An obligor is one who owes a duty to another and the obligee is one who a duty is owed to.
Aaron both owes a duty to sell the boat to Matt as well as being owed by Matt the duty to buy his boat. The same goes for Matt thus making this a bilateral contract.
What are other ethical concerns that Stilton may be facing?
Complete Question:
James Stilton is the chief executive officer (CEO) of RightLiving, Inc., a company that buys life insurance policies at a discount from terminally ill persons and sells the policies to investors. RightLiving pays the terminally ill patients a percentage of the future death benefit (usually 65%) and then sells the policies to investors for 85% of the value of the future benefit. The patients receive the cash to use for medical and other expenses, and the investors are "guaranteed" a positive return on their investment. The difference between the purchase and sale prices is RightLiving's profit.
Stilton is aware that some sick patients may obtain insurance policies through fraud (by not revealing their illness on the insurance application). An insurance company that discovers such fraud will cancel the policy and refuse to pay. Stilton believes that most of the policies he has purchased are legitimate, but he knows that some are probably not.
Requirement:
What are other ethical concerns that Stilton may be facing?
Answer with Explanation:
The ethical concerns of Stilton are as under:
Should he tell the investors about the fraud about the policies before making sales?What policies must be implemented so that the legitimate people can easily sell the policies and if not implemented it would not be fair for the RightLiving, Inc.Stilton will also be facing ethical concerns because the business wishes that the customer dies early so that they can benefit from increased deaths of policy holders.Using fair processes in decision making and making sure others know that the process was as fair as possible is referred to as:________ a. procedural justice. b. participation. c. job equity. d. job enrichment. e. participative equity.
Answer:
a. Procedural justice.
Explanation:
Procedural justice is the process that explains how a decision is made to follow due process before arriving at such decision, by people in position of authority. Usually, if there is a conflict, two or more parties would be involved. Where the decision favors one of the parties, procedural justice ensures fairness in making such decision hence affirms people's confidence in matters of public interest.
For a decision to be fair and acceptable by people, it must be made open and people must be allowed to participate in the decision making process. Also, the criteria through which the decision will be made should be disclosed to all before hand.
"The person who acts as agent helping find customers for a new issue, but neither participates in selling responsibility nor liability in a new issue syndicate, is known as the:"
Answer: Selling Group Member
Explanation:
A syndicate is when investment banking firms with lead underwriters are responsible for the offer and sale of new issues to public.
A selling group member is the person who acts as agent helping find customers for a new issue, but neither participates in selling responsibility nor liability in a new issue syndicate.
Ring Technology has a capital budget of $850,000, it wants to maintain a target capital structure of 35% debt and 65% equity, and it also wants to pay a dividend of $400,000. If the company follows the residual dividend model, how much net income must it earn to meet its capital budgeting requirements and pay the dividend, all while keeping its capital structure in balance?
a. $ 904,875
b. $ 952,500
c. $1,000,125
d. $1,050,131
e. $1,102,638
Answer:
b. $ 952,500
Explanation:
The computation of the amount of the net income for earning to meet out the requirement is shown below:
Dividend = Net income - Target Equity ratio × Total capital budget
$400,000 = Net income - 0.65 × $850,000
$400,000 = Net income - $552,500
So, the net income is
= $400,000 + $552,500
= $952,500
Hence the Net income is $952,500
Therefore the correct option is b. $952,500
When businesses collect demographic information on where people live, what they buy, and how they spend their time, they are responding to the
Answer:
Social environment.
Explanation:
When businesses collect demographic information on where people live, what they buy, and how they spend their time, they are responding to the social environment. The social environment comprises of values, beliefs, practices, customs and behaviors of a group of people living together in a society and how their actions influence their surroundings or environment.
Demographics can be defined as the study and analysis of the characteristics of a population based on pre-defined factors such as education, race, income, sex or gender, and age.
Additionally, businesses gather, analyze and use demographic informations about people in the target market so as to have a competitive edge or advantage and to help build a strong relationship.
Pronghorn Corp. has the following beginning-of-the-year present values for its projected benefit obligation and market-related values for its pension plan assets.
Projected Plan
Benefit Assets
Obligation Value
2013 2,000,000 $1,900,000
2014 2,400,000 2,500,000
2015 2,950,000 2,600,000
2016 3,600,000 3,000,000
The average remaining service life per employee in 2016 and 2017 is 10 years and in 2018 and 2019 is 12 years. The net gain or loss that occurred during each year is as follows: 2016, $288,400 loss; 2017, $92,700 loss; 2018, $11,330 loss; and 2019, $25,750 gain. (In working the solution, the gains and losses must be aggregated to arrive at year-end balances).
Using the corridor approach, compute the amount of net gain or loss amortized and charged to pension expense in each of the four years, setting up an appropriate schedule.
Answer:
Year Minimum Amortization of Loss
2016 $0
2017 $3,840
2018 $ 6,855
2019 $1,811.25
Explanation:
Computation of the amount of net gain or loss amortized and charged to pension expense in each of the four years.
Corridor and Minimum Loss Amortization
Year 2016
Projected Benefit Obligation (a) $2,000,000
Plan Assets $1,900,000
10%Corridor 200,000
(10%×$2,000,000)
AccumulatedOCI (G/L) (a) $0
Minimum Amortization of loss $0
Year 2017
Projected Benefit Obligation (a) $2,400,00
PlanAssets $2,500,000
10%Corridor 250,000
(10%×$2,500,000)
AccumulatedOCI (G/L) (a) $288,400
Minimum Amortization of loss $3,840 (b)
Year 2018
Projected Benefit Obligation (a) $2,950,000
PlanAssets $2,600,000
10%Corridor 295,000
(10%×$2,950,000)
AccumulatedOCI (G/L) (a) $377,260(c)
Minimum Amortization of loss $6,855 (d)
Year 2019
Projected Benefit Obligation (a) $3,600,000
PlanAssets $3,000,000
10%Corridor 360,000
(10%×$3,600,000)
AccumulatedOCI (G/L) (a) $381,735(e)
Minimum Amortization of loss $1,811.25 (f)
Workings
A. As of the beginning of the year
B. ($288,400-$250,000)÷10 years
=$38,400÷10 years
=$3,840
C. ($288,400-$3,840+$92,700)
=$377,260
D.($377,260-$295,000)÷12 years
=$82,260÷12 years
=$6,855
E. $377,260-$6,855+$11,330
=$381,735
F. ($381,735-$360,000)÷12 years
=$21,735 ÷12 years
=$1,811.25
Hence,
Year Minimum Amortization of Loss
2016 $0
2017 $3,840
2018 $ 6,855
2019 $1,811.25
A bank offers a savings account with an annual interest rate of 0.8%, with interest compounded monthly. If you invest $4,000 in the account, how much will be in the account after 10 years? g
Answer:
FV= $8,913.91
Explanation:
Giving the following information:
Annual interest rate= 0.8% interest compounded monthly
Initial investment= $4,000
Number of periods= 10*12= 120
First, we need to calculate the monthly interest rate:
i= 0.08/12= 0.0067
Now, using the following formula, we can calculate the future value.
FV= PV*(1+i)^n
FV= 4,000*(1.0067^120)
FV= $8,913.91
Pollution is a negative externality and it causes harm to the society worth $8 per unit of coal production. In order to ensure socially efficient production, government should
Answer:
Impose a simple tax of $8 per unit of production on suppliers of coal.
Explanation:
Given that the question asks us to ensure socially efficient production, then according to social efficiency which means Marginal Social Benefit equals Marginal Social Cost.
Therefore, in this case, the Marginal Social Cost is $8 per unit of coal production, and in order to have equal Marginal Social Benefit of $8 as well, the government should "impose a simple tax of $8 per unit of production on suppliers of coal."
12.The metric that measures how well an enterprise is using customers to create short-term and long-term value is
Answer:
return on customer
Explanation:
Return on customer refers to basically measuring customer loyalty and how much revenue returning customers generate to your business. Return on customer focuses on your company's CRM activities and how they affect future customer behavior. Are your CRM activities resulting in more frequent sales? A company spends money on their CRM activities, and this is a way to quantify if they are doing it correctly and if they are yielding positive results.
Some people call this return on customer investment, since the ultimate goal is to determine if your investment in customer services is resulting in higher sales and higher profits.
essalyn Poulsen is an accountant for her firm, a medium-sized company with 125 employees. The firm has traditionally maintained the administration of its payroll. Her co-worker, the only other accountant in the firm, retires. Because of budget concerns, the firm chooses not to refill the position. What options does Jessalyn have regarding administration of the payroll?
Available Options Are:
A. Jessalyn could obtain a software program to fill the need
B. The company can outsource the task to any of a number of qualified, certified payroll preparation firms.
C. The company could opt to process payroll manually
Answer:
Option A and B are correct here.
Explanation:
Obtaining a software program to fill the need can help as using the software will lower the burden on the employees for managing the accounts department as the software prepares financial statements its self and all you have to do is enter transactions. So option A is correct.
The task can be outsourced to a firm that will manage the accounts of the company and will charge small fee.
By doing so the budget issue of the company would be resolved otherwise processing payroll department manually would cost more than these above two options.
Explain the most probable reason why the market price of these bonds has declined, even though Clear-Air‘s credit rating has improved.
Answer:
The information about old and current bond prices is missing, but the answer is probably the same with or without it. The reason why bonds' prices increase or decrease even if their credit rating remains the same is that market rates change. For example, if the market interest rates decrease, the price of bonds will increase. But on the other hand, if the market rates increase, the price of bonds will decrease. Market rates give are determined by averaging the returns of similar investments, and if an investor believes that he could earn more money somewhere else, he will sell the bonds and invest in that other security.
What was once considered the ideal engine for economic growth, but resulted in inflated public-sector bureaucracies and inefficient public companies
Answer: state ownership
Explanation:
State ownership was once considered the ideal engine for economic growth, but resulted in inflated public-sector bureaucracies and inefficient public companies.
In state owned enterprises, there are inefficiencies among the employees as they don't really strive to achieve their goals unlike those that works in private establishments who are more serious with their work.
The basis for designing an effective strategy for exporting begins with ________.
Answer:
Identifying how the company can potentially leverage its core competency into international sales.
The following selection financial data pertains to Callow Corporation for the current year ended December 31: Operating Income $900,000Interest Expense (100,000) Income before income tax 800,000 Income tax expense (320,000) Net Income 480,000 Preferred stock dividends (200,000) Net Income available to common stockholders $280,000 The times interest earned ratio is:_______
Answer:
Times interest earned
Explanation:
The times interest earned is a ratio which is used o measure the financial risk of a company which uses some forms of debt finance .
Financial risk is the variability in return to equity holders occasioned by the payment of interest on the use of debt . Also, companies which use debt run the risk of not having enough cash to pay their debt obligations and therefore might run bankrupt. All of these explain financial risk which the times interest earned ration measures.
Times interest earned is computed as
Profit before Interest and Tax/Interest expense
DATA:
Operating income (Profit before Interest and Tax) = 900,000
Times interest earned =100,000
Times interest earned=900,000/100,000 = 9 times
Times interest earned= 9 times
Each business day, on average, a company writes checks totaling $41,500 to pay its suppliers. The usual clearing time for the checks is six days. Meanwhile, the company is receiving payments from its customers each day, in the form of checks, totaling $52,500. The cash from the payments is available to the firm after four days.
Required:
a. Calculate the company's disbursement float, collection float, and net float (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)
b. Calculate the company's disbursement float, collection float, and net float if the collected funds were available in two days instead of four (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g.. 32.).
Answer:
Explanation:
Given the following :
Average checks written per day =$41, 500
Clearing time = 6days
Average checks received per day = 52,500
Time available = 4 days
A.) Disbursement float :
Checks written * clearing time
$41,500 * 6days = $249,000
COLLECTION FLOAT :
Checks received * available time
$52,500 * 4 = $210, 000
NET FLOAT :
$(249,000 - 210,000) = $39,000
B.) if collected funds are available in two days :
Disbursement float :
Checks written * clearing time
$41,500 * 6days = $249,000
COLLECTION FLOAT :
Checks received * available time
$52,500 * 2 = $105,000
NET FLOAT :
$(249,000 - 105,000) = $144, 000
A project manager has just been assigned to a new project and has been given the project charter. The FIRST thing the project manager must do is:
Answer:
Confirm that all the stakeholders have had input into the scope.
Explanation:
When assigned to a new project, the project manager may be tempted to start planning immediately. One may conclude that the first thing is planning. It will be wise and smart to understand the project charter before planning. Therefore, it is very important to " Confirm that all the stakeholders have had input into the scope." So, Option B is the correct answer.
In the current business climate, firms may want to consider evaluating performance more often because
Answer:
Changes in the business climate occurs rapidly
Explanation:
Performance evaluation is the process by which an employee is rated based on his performance on various key performance indices.
Feedback from performance evaluation serves as a way for the employee to improve of their job execution.
Businesses may want to consider more frequent evaluation not performance because this provides information they can use for future job assignments and compensation, and help in modifying employee behaviour to more effective work habits.
This is necessary to keep the business competitive in the changing business climate
1. Stock Values. Integrated Potato Chips paid a $2 per share dividend yesterday. You expect the dividend to grow steadily at a rate of 4 percent per year.
a. What is the expected dividend in each of the next 3 years?
b. If the discount rate for the stock is 12 percent, at what price will the stock sell?
c. What is the expected stock price 3 years from now?
d. If you buy the stock and plan to hold it for 3 years, what payments will you receive? What is the present value of those payments? Compare your answer to (b).
Answer:
Explanation:
a ) Expected dividend per share in the next three years :
1 ) 2 x 1.04 = 2.08
2 ) 2 x 1.08 = 2.16
3 ) 2 x 1.12 = 2.24
b )
Price of share at present = 2.08 / (.12-.04 )
= 26
c ) Expected stock price after 3 years
= 2 x 1.16 / .08
= 29
cash inflow i year 1 : 2.08
cash inflow in year 2 : 2.16
cash inflow in year 3 2.24 + 29 = 31.24
Present value of cash flow
= 1.85 , 1.72 , 22.23
Total = 25.8
It is almost the same with that of data in ( b )
The current exchange rate between U.S. Dollar and Euro is $1.355/.738. It means that:______a. one Euro can buy 0.738 Dollars.b. one Dollar can buy 0.738 Euros.c. one Euro can buy 1.355 Dollars.d. both one Dollar can buy 0.738 Euros and one Euro can buy 1.355 Dollars.
Answer:
b. one Dollar can buy 0.738 Euros
Explanation:
Given that
The Current Exchange rate is
= $1.335 ÷ 0.738 Euro
The 0.738 represents the indirect exchange rate now transform it into direct exchange rate
Direct Exchange rate is
= $1 ÷ 0.738 Euro
= $1.3550
Now bid price for purchase one euro is $1.335 and ask price to purchase one euro is $1.355
But the person could purchased at ask price only
Therefore the option b is correct
Which of the following statements is correct about the connection between cost centers and revenue?
A) Cost centers do not directly generate revenue from customers, and they have no impact on the customer experience.
B) Cost centers do not directly generate revenue from customers, but they may have an impact on revenue through customer satisfaction and overall quality.
C) Cost centers are the primary driver of revenue from customers.
D) Cost centers directly generate revenue from customers.
Answer:
B) Cost centers do not directly generate revenue from customers, but they may have an impact on revenue through customer satisfaction and overall quality.
Explanation:
Cost Centers are functions where costs are accumulated.
Cost centers do not generate revenue, but they do have impact on revenue since price determination lies on the cost if the company is to make profit.
Costs also determine the quality of the final product to customer and the satisfaction there-off - which are vital for driving revenue.
Prescott expects to produce 225,000 basic models and 225,000 professional models. Compute the predetermined overhead allocation rates using activity-based costing. How much overhead is allocated to the basic model? To the professional model?Estimated overhead cost / Estimated qty of the allocation base= Predetermined OH Basic Model Professional ModelManufacturing overhead assembly 264800 195200Manufacturing overhead packaging 55200 227700Total manufacturing overhead cost 320000 422900
Answer and Explanation:
The Calculation of Predetermined OH Rate is shown below:
For Materials Handling, it is
= Estimated Overhead Costs ÷ Estimated allocated base Quantity
= $54,000 ÷ 96
= $562.50 per part
For Machine Setup, it is
= Estimated Overhead Costs ÷ Estimated allocated base Quantity
= $204,000 ÷ 60
= $3,400 per setup
For Insertion of Parts, it is
= Estimated Overhead Costs ÷ Estimated allocated base Quantity
= $486,000 ÷ 96
= $5,062.50 per part
Now
Calculation of allocated OH is
For Basic Model:
Allocated OH is
= $562.50 × 32 + $3,400 × 20 + $5,062.50 × 32
= $248,000
For Professional Model:
Allocated OH is
= $562.50 × 64 + $3,400 × 40 + $5,062.50 × 64
= $496,000
Several line items and account titles are listed below. For each, indicate in which of the following financial statement(s) we would likely find the item or account: income statement (IS), balance sheet (BS), statement of stockholders' equity (SE), or statement of cash flows (SCF). a. Cash assetb. Expensesc. Non-cash assetsd. Contributed capitale. Cash outflow for capital expendituresf. Retained earningsg. Cash inflow for stock issuedh. Cash outflow for dividendsi. Net income
Answer:
a. Cash asset - Balance Sheet (BS) and Statement of Cash Flows (SCF)
Cash is recorded as an asset in the balance statement and derived from the statement of cash flows.
b. Expenses - Income statement (IS)
Expenses are deducted from revenue in the income statement to come up with Net Income.
c. Non-cash assets - Balance Sheet (BS)
Non-cash assets are recorded in the balance sheet as all assets are.
d. Contributed capital - Balance Sheet (BS) and Statement of stockholders' equity (SE)
Contributed capital from shareholders will appear in the equity section of the balance sheet and in the statement of equity.
e. Cash outflow for capital expenditures - Statement of Cash Flows (SCF)
This is a Cashflow statement entry under Investing activities.
f. Retained earnings - Balance Sheet (BS) and Statement of stockholders' equity (SE)
Retained earnings will go into the balance sheet and the statement of equity.
g. Cash inflow for stock issued - Statement of Cash Flows (SCF) and Statement of stockholders' equity (SE)
Cash inflow from stock issued will be recorded in the financing section of the cashflow statement as well as in the statement of stockholder equity.
h. Cash outflow for dividends - Statement of Cash Flows (SCF) and Statement of stockholders' equity (SE)
Cash outflow from dividends issued will be recorded in the financing section of the cashflow statement as well as in the statement of stockholder equity.
i. Net income - Income statement (IS), Statement of Cash Flows (SCF) and Statement of stockholders' equity (SE)
Net income is derived from the Income statement and used in the statement of cashflow as well as the equity statement.
Corporation began with retained earnings of million. Revenues during the year were million, and expenses totaled million. declared dividends of million. What was the company's ending balance of retained earnings? To answer this question, prepare 's statement of retained earnings for the year ended December 31, , complete with its proper heading.
Complete Question:
Cell One Corporation began 2018 with retained earnings of $ 260 million. Revenues during the year were $ 520 million, and expenses totaled $ 340 million. Cell One declared dividends of $ 61 million. What was the company's ending balance of retained earnings? To answer this question, prepare Cell One's statement of retained earnings for the year ended December 31, 2018, complete with its proper heading.
Answer:
Cell Corporation
Statement of Retained Earnings for the year ended December 31, 2018:
$'million
Retained Earnings, Dec. 31, 2017 260
Net Income 180
Dividends (61)
Retained Earnings, Dec. 31, 2018 379
Explanation:
a) Data and Calculations:
Beginning Retained Earnings = $260 million
Revenues during the year were $ 520 million
Expenses totaled $ 340 million
Net Income (Revenue - Expenses) $180 million
Cell One declared dividends of $ 61 million
b) Cell Corporation's Retained Earnings for the year ended December 31, 2018 is the difference between the beginning retained earnings, net income, and the amount of dividend declared during the current year. This figure gives the amount of equity that has been retained for growing the business, which is an important internal source of corporate funding.
Determine the prior Year and Current Year common-size percents for cost of goods sold using net sales as the base.(5 thousands) Net sales Cost of goods sold Current Year Prior Year Net sales $805,455 $457,648 Cost of good sold 396,644 137,882 Common-Size Percent for Cost of Goods Sold using Net Sales as the base: Choose Denominator: / Choose Numerator: Common-Size Percents Current Year: %Prior Year: %
Answer:
Common =size percents
Current Year % Prior Year %
Net sales $805,455 100% $457,648 100%
Cost of good sold 396,644 49.24% 137,882 30.13%
Explanation:
a) Data and Calculations:
Common =size percents
Current Year % Prior Year %
Net sales $805,455 100% $457,648 100%
Cost of good sold 396,644 49.24% 137,882 30.13%
b) Some investors and analysts analyse the balance sheet and the income statement of a company with the common-size percentages, whereby each line item is set as a percent of one standard amount. On the balance sheet, the standard amount is the value of the total assets. It is against this that every other asset and liability line item is set as a percent. On the income statement, the standard amount is the net sales. All other items are set on this figure to calculate their percentages.
Which of the following is an ineffective practice during a negotiation process? Bargaining by focusing on positions rather than interests Starting the negotiation with a relationship-based tone rather than on an adversarial note Concentrating on problems rather than people when bargaining Exploring all possibilities for solutions rather than quickly focusing on one fixed solution
Answer: Bargaining by focusing on positions rather than interests
Explanation;
Positional bargaining is described as one of the most ineffective bargaining types there are. This is because it leads to myopia in the parties involved as all they will be interested in is to ensure that their position is secure.
Interest based negotiations however move past positions and instead of maintaining a position, think about why they have such a position and how they can still satisfy those interests with through other methods thereby enabling them to reach more effective compromises or deals.
Mike Watson wishes to have $ 120000 in seven years. If he can earn annual interest of 2%, how much must he invest today?
Answer:
The money that should be invested today is $104467.2214
Explanation:
We want to find the present value of a sum of money that earns an annual interest of 2%. Assuming that the interest rate provided is an annual compound interest rate of 2%. The formula for Future value of a sum is,
FV = PV * (1+i)^t
Where,
FV is the future valuePV is the present valuei is the interest ratet is the time120000 = PV * (1+0.02)^7
120000 = PV * 1.148685668
120000 / 1.148685668 = PV
PV = $104467.2214
What term describes a planned effort to enable employees to learn job-related knowledge, skills, and behavior
Answer:
Training
Explanation:
Training is a form of teaching. It is a form of providing knowledge and skills and getting accommodated with those skills. These skills and knowledge help an individual to perform tasks with efficiency and competitiveness. Training helps in developing mental, physical, and professional skills in the individual. It helps in upgrading and enhancing mental and physical skills.
When presenting the preliminary design and design concept of an office space to a client, what information should be included?
Answer: B. Bubble diagrams, preliminary floor plan, and conceptual sketches
Explanation:
The options to the question are:
A. Preliminary floor plan, orthographic drawings, and rendered perspectives
B. Bubble diagrams, preliminary floor plan, and conceptual sketches
C. Dimensioned floor plan, orthographic drawings, and sample boards
D. Bubble diagrams, conceptual sketches, and sample boards.
When presenting the preliminary design and design concept of an office space to a client, the information that should be included are bubble diagrams, preliminary floor plan, and conceptual sketches. These will help the client on having an idea of what the design will be like.
The bubble diagram is simply a diagrammatic drawing that is made by interior designs and architects in order to plan for space and also organization.