Technolgy though convenient can have negative effects. Technology can be addicting, causing health issues like insomnia or vision problems. It also can affect our communication skills, making people more closed off to the people around them no longer having face to face contact.
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: 55.39%
Explanation:
From the question, we are informed that Tim purchased a bounce house one year ago for $6,500 and that during the year it generated $4,000 in cash flow and if he sells the bounce house today, he could receive $6,100 for it.
His rate of return will be:
= [($6100 + $4000) - $6500]/$6500 × 100
= ($10100 - $6500)/$6500 × 100
= $3600/$6500 × 100
= 0.5539 × 100
= 55.39%
The junior class will sell pumpkins as a fall project. what is the total income if they sell pumpkins for $8 each and pay the pumpkin farm a $500 fee to purchase a truckload of pumpkins
Answer: Income = 8p - 500
Explanation:
The revenue they will make is the quanitity which p multiplied by the price they will sell the pumpkins for which is $8.
The income will then be Revenue - expenses which is the $500 fee.
The expression therefore is;
Income = 8p - 500
Crystal Corporation makes $2,800 payments every month for leasing office equipment. Crystal recorded a lease payment as follows:Lease payable 1,680 Interest expense 1,120 Cash 2,800Amortization expense 1,680 Right-of-use asset 1,680Crystal must have a(n):__________a) Leveraged lease.b) Sales-type lease without selling profit.c) Finance lease.d) Operating lease.
Answer: operating lease
Explanation:
Operating lease is a contract whereby a owner who is regarded as the lessor, allows a user, who is regarded to as the lesse, to use an asset for a stipulated period of time without transfering ownership rights.
With regards to the above scenario, Crystal must have an operating lease.
After Xavier and Alyssa deposited nearly $55,000 in a savings account at Bigbux Bank, the bank failed and filed for bankruptcy. Because the Bigbux was an FDIC member bank, Xavier and Alyssa:_______
Answer: should be protected because their account is fully insured by the FDIC.
Explanation:
From the question, we are informed that Xavier and Alyssa kept about $55,000 in a savings account at Bigbux Bank, the bank failed and filed for bankruptcy but that the bank FDIC member bank.
Based on the above scenario, they'll be protected because their account is fully insured by the FDIC. It should be noted that the Federal Deposit Insurance Corporation helps in insuring several bank deposits and in case of bank failure, the depositors will be paid or the accounts of the bank will have to be transferred to some other bank.
The "invisible hands" ability to coordinate the decisions of the firms and households in the economy can be hindered by
Answer: Government actions that distort prices
Explanation:
The "invisible hands" ability to coordinate the decisions of the firms and households in the economy can be hindered by government actions that distort prices.
It should be noted that when econoimic activities are guided bhy the "invisible hand", the prices of goods and services show how much the society values such good.
Calculate 's net working capital, current ratio, and debt ratio at 31, , rounding to two decimal places. At 31, , net working capital was , the current ratio was , and the debt ratio was . Did 's ability to pay both current and total debts improve or deteriorate during the fiscal year? Evaluate 's debt position as strong or weak and give your reason.
Question Completion:
The accounts of Granger Services Inc. at January 31, 2016 are listed in alphabetical order:
Accounts payable $12,200
Accounts receivable 17,000
Accumulated depreciation – equipment 6,500
Advertising expense 11,300
Cash 17,400
Common Stock 5,300
Current portion: Long-term note payable 1,900
Depreciation expense – Equipment 1,900
Interest expense 500
Dividends declared 12,500
Equipment 42,000
Long-term note payable 16,000
Other long-term assets 13,700
Prepaid expense 5,900
Retained earnings, Jan 31, 2015 13,300
Salary expense 26,100
Salary payable 3,400
Service Revenue 95,000
Supplies 3,500
Supplies expense 4,600
Unearned Service revenue 2,800
At January 31, 2015, net working capital was $22,600, the current ratio was 1.90, and the debt ratio was 0.15.
Requirements as provided in the question
Answer:
Granger Services Inc.
a. Net Working Capital:
Current Assets - Current Liabilities
= $43,800 - 20,300
= $23,500
b. Current ratio:
Current assets / current liabilities
= $43,800/20,300
= 2.16
c. Debt Ratio:
Total Liabilities/Total Assets * 100
= $36,300/$93,000 * 100
= 0.39 or 39%
d) At January 31, 2016, net working capital was $23,500, the current ratio was 2.16, and the debt ratio was 0.39.
e) Grange's ability to pay both current and total debts improved marginally during the fiscal year with less current liabilities vis-a-vis the current assets and more long-term debts as can be discerned from the current ratio and debt ratio respectively.
f) Grange's debt position became weak in 2016 as its debts can be settled with 39% of the total assets as against 2015's 15%. This implies that whereas, 15% of the assets could settle the debts in 2015, Grange needed 39% of assets to settle debts in 2016. This is a deterioration for a company that does not want to be highly leveraged. Otherwise, it is an improvement in debt leverage.
Explanation:
a) Data and Calculations:
Granger Services Inc. Trial Balance as of January 31, 2016:
Debit Credit
Cash $17,400
Accounts receivable 17,000
Prepaid expense 5,900
Supplies 3,500
Equipment 42,000
Accumulated
depreciation–equipment $6,500
Other long-term assets 13,700
Accounts payable 12,200
Unearned Service revenue 2,800
Salary payable 3,400
Current portion: Long-term note payable 1,900
Long-term note payable 16,000
Common Stock 5,300
Retained earnings, Jan 31, 2015 13,300
Dividends declared 12,500
Service Revenue 95,000
Advertising expense 11,300
Depreciation expense
– Equipment 1,900
Interest expense 500
Salary expense 26,100
Supplies expense 4,600
Total 156,400 156,400
Granger Services Income Statement for the year ended January 31, 2016:
Service Revenue $95,000
Expenses:
Advertising expense 11,300
Depreciation expense
– Equipment 1,900
Interest expense 500
Salary expense 26,100
Supplies expense 4,600 $44,400
Net Income $50,600
Retained earnings, January 31, 2015 13,300
Dividends declared (12,500)
Retained earnings, January 31, 2016 $51,400
Granger Balance Sheet as of January 31, 2016:
Assets:
Current Assets:
Cash $17,400
Accounts receivable 17,000
Prepaid expense 5,900
Supplies 3,500
Total Current Assets $43,800
Long-term Assets:
Equipment 42,000
Accumulated depreciation
– equipment 6,500 35,500
Other long-term assets 13,700
Total long-term assets $49,200
Total assets $93,000
Liabilities + Equity:
Current Liabilities:
Accounts payable $12,200
Unearned Service revenue 2,800
Salary payable 3,400
Current note payable 1,900
Total Current Liabilities $20,300
Long-term note payable 16,000
Common Stock 5,300
Retained earnings 51,400
Total shareholders' equity 56,700
Total Liabilities + Shareholders' Equity $93,000
Explain the alternative hedging techniques of Leading & Lagging, Cross-Hedging and Currency Diversification
Answer:
See answer and explanation below.
Explanation:
These are explained as follows:
Leading & Lagging techniques
Leading and lagging hedge techniques refer to the strategies employed to adjust the timing of a payment request or disbursement in order to show the expectations about future currency movements.
Specifically, leading implies that a payment is made quickly or expedited, while lagging implies that a payment is deferred.
Cross-Hedging
Cross-hedging is an act of hedging risk whereby two different currencies which have a strong positive correlation between are used.
Cross-hedging is done by taking opposing positions in the two currencies in order to reduce the associated with holding just one currency.
Currency Diversification
Currency Diversification refers to an investing or financing strategy in which more than one currency is used or held as a portfolio.
The primary aim of currency diversification is to reduce the exposure to exchange rate movement or risk usually associated with holding a single foreign currency.
On July 9, Mifflin Company receives a $8,900, 90-day, 12% note from customer Payton Summersas payment on account. What entry should be made on the maturity date assuming the maker pays in full? (Use 360 days a year.)A. Debit Cash $8,100; credit Notes Receivable $8,100.B. Debit Cash $8,262; credit Interest Revenue $162; credit Notes Receivable $8,100.C. Debit Cash $8,222; credit Interest Revenue $122; credit Notes Receivable $8,100.D. Debit Cash $8,208; credit Interest Revenue $108; credit Notes Receivable $8,100.E. Debit Notes Receivable $8,100; debit Interest Receivable $162; credit Sales $8,262.
Answer and Explanation:
The journal entry is shown below:
Cash Dr $8,633
To Interest revenue ($8,900 × 90 days ÷ 360 days × 12%) $267
To Notes receivable $8,900
(Being the cash is received)
For recording this we debited the cash as it increased the assets and credited the interest revenue as it also increased the revenue and decreased the asset so the note receivable account is credited
this is the answer but the same is not provided in the options
A registered representative may never A) act as a buyer's agent. B) act as a sales agent. C) approve advertising. D) act as a broker.
Answer: C) approve advertising
Explanation: A registered representative may be described as a licensed official equipped with the necessary training required to serve as a broker by functioning in its capacity to help and assist clients trading such as the purchase and sale of securities such as bonds, stock and mutual funds. Hence, registered representatives could be described as brokers, buyers and sales agents of different securities depending on the nature of the license held by the representative. Advert approval is thus not a function of a registered representative
If payments were made at the rate of $1183 per second, how many years would it take to pay off the debt, assuming that no interest were charged
Answer: 402 years
Explanation:
Debt is $15,000,000,000,000
Payment per second $1,183
Time taken to pay off = 15,000,000,000,000/1,183
= 12,679,628,064 seconds
Seconds in a year = 60 secs * 60 mins * 24 hours * 365 days
= 31,536,000 secs
Time taken in years = 12,679,628,064/ 31,536,000
= 402 years
A key aspect to communication plans are that they allow the project manager and the project team to:__________.
A) Meet deadlines more effectively.
B) Effectively control costs on the project.
C) Focus on defect resolution.
D) Actively control the flow of information.
Answer:
The correct answer is:
Actively control the flow of information. (A)
Explanation:
successful projects rely on communication. Communication entails exchange, discussion, information, technology, advice and teamwork. A good communication plan entails the following:
sets clear guidelines for how information to be sharedoutlines who is responsible for sharing informationoutline who needs to be included in each communication.There is no definite way for a team to communicate in a project, but a variety of communication methods exist, which includes:
emails, meetings, discussion boards, status reports, to-do lists or task trackers, collaboration apps.
In order to know what type of communication method to choose:
determine what works for the teamuse successful communication methods from similar past projectscheck in with team members and relevant stakeholders.Attorneys who work for a company and are part of the executive or mid-level management team are specifically referred to as _________________________l
Answer:
In house counsel
Explanation:
In house counsel handle of legal matters of the firm, policy, tax and regulatory matters or may occupy managerial positions
The equation of the least-squares regression line for predicting selling price from appraised value is
Answer:
[tex]\widehat {price}=127.27+1.0466(appraised\ value)[/tex]
Explanation:
The question is not complete, the complete question is attached
An appraised value is the value used estimate the price of a product. Regression analysis is the use of mathematical models and functions to predict a variable with the help of other variables. It shows the relationship between variables. Regression analysis can also be used to estimate, predict or forecast from a model.
The equation of the least-squares regression line for predicting selling price from appraised value is gotten by adding the constant coefficient and the appraisal coefficient. The equation is given as:
[tex]\widehat {price}=127.27+1.0466(appraised\ value)[/tex]
Website promotion methods include:________.
a. banner ads
b. word of mouth
c. newsletters
d. all of the above
Answer:
All of the above
Explanation:
A website can be promoted through the following methods
- Word of mouth: This involves advertising your website to people by telling them directly the different features of the website and giving them unique reasons why they should visit the website
- Newsletters: This involves writing down the benefits of your website to potential customers, this can be sent to their various emails. This form of advertisement is very essential as it serves as a constant reminder to potential customers to enable them visit your website.
- Banner ads: This is a type of advertising strategy in which features of your website is shown in the form of images. This images are used to compel visitors to check out the website. This form of advertising enables you to showcase your website in an attractive way.
Hence all of the options above can be effectively used to promote a website.
Linda installed a special pool for the hydrotherapeutic treatment of severe arthritis, as prescribed by her doctor. The cost of installing the pool was $19,520, and her insurance company paid $4,880 toward its cost. The pool increased the value of Linda's house by $6,832, and it has a useful life of 10 years. How much of a deduction is Linda entitled to in the year of installation of the pool?
Answer:Therefore amount of deductions allowable in year of installation = $7,808
Explanation:
Deductions entitled in the year of installation of pool =Cost of installing pool -insurance cost - the increase in property value
=$19,520- $4,880 -$6,832
=$7,808
Therefore amount of deductions allowable = $7,808
g The beginning cash balance is $15,000. Sales are forecasted at $800,000 of which 80% will be on credit. 70% of credit sales are expected to be collected in the year of sale. Cash expenditures for the year are forecasted at $475,000. Accounts Receivable from previous accounting periods totaling $9,000 will be collected in the current year. The company is required to make a $15,000 loan payment and an annual interest payment on the last day of every year. The loan balance as of the beginning of the year is $90,000, and the annual interest rate is 10%. Compute the excess of cash receipts over cash disbursements.
Answer:
Excess of cash receipts over cash disbursements is $118,000.
Explanation:
The excess of cash receipts over cash disbursements in a cash budget refers to the amount by which the total cash received is greater than the total cash payments made by a company in a particular period.
The excess of cash receipts over cash disbursements is obtained by deducting the total cash payments from the total cash received, and this can be obtained fo this question as follows:
Cash Budget
Particulars $ $
Cash Receipts:
Cash sales (w.1) 160,000
Cash received from credit sales (w.2) 448,000
Accounts receivable 9,000
Total cash receipts (A) 617,000
Cash Disbursement:
Cash expenditures (475,000)
Loan repayment (15,000)
Interest on loan (w.3) (9,000)
Total cash disbursement (B) (499,000)
Excess of cash receipts over
cash disbursements (C = A - B) 118,000
Beginning cash balance 15,000
Ending cash balance 133,000
Therefore, excess of cash receipts over cash disbursements is $118,000.
Workings
w.1: Cash sales =$800,000 * (100% - 80%) = $800,000 * 20% = $16,000
w.2: Cash received from credit sales = $800,000 * 80% * 70% = $448,000
w.3: Interest on loan = $90,000 * 10% = $9,000
The computation of the excess cash receipts over the cash disbursements is $118,000.
Data and Calculations:
Beginning cash balance = $15,000
Sales forecast = $800,000
Cash sales = $ 160,000 ($800,000 x 20%)
Credit Sales = $640,000 ($800,000 x 80%)
Cash collection from credit sales = $448,000 ($640,000 x 70%)
Accounts Receivable = $9,000
Total cash receipts = $617,000 ($160,000 + $448,000 + $9,000)
Cash expenditures forecast = $475,000
Loan repayment with interest = $24,000 ($15,000 + $9,000)
Total disbursements = $499,000
Excess cash receipts over cash disbursements = $118,000 ($617,000 = $499,000)
Learn more: https://brainly.com/question/8707644
"the return on investment is usually considered the most popular approach to measure performance because"
Answer:
yes i definetly agree with the statement you have typed here
Suppose that you want to develop a product that can easily be configured in a wide variety of ways. What design approach would be best?
Answer:
Modular product design
Explanation:
Modular product design is a term used to describes a method or strategy of developing a product, by breaking the product's development into separate parts often referred to as modules, specifically according to their functions and operations such that these modules can be developed separately.
Hence, in this case, to develop a product that can easily be configured in a wide variety of ways. The design approach would be best be Modular product design
Which of the following statements about overhead variances is false?
a. Standard hours allowed are used in calculating the controllable variance.
b. Standard hours allowed are used in calculating the volume variance.
c. The controllable variance pertains solely to fixed costs.
d. The total overhead variance pertains to both variable and fixed costs.
Answer: c. The controllable variance pertains solely to fixed costs
Explanation:
For overhead variance, it should be noted that standard hours allowed are used in calculating the controllable variance, standard hours allowed are used in calculating the volume variance and the total overhead variance pertains to both variable and fixed costs.
Therefore, the option that is not true is that the controllable variance pertains solely to fixed costs(option C)
The standard deviations of individual stocks are generally higher than the standard deviation of the market portfolio because the market portfolio: Multiple Choice has specific risk. offers lower returns. has less systematic risk. diversifies risk.
Answer:
has specific risk
Explanation:
Standard deviation is a measure of central tendency. It measures the variation of data from a central value. As such variables with high standard deviation have values far from the central value while standard deviation close to the central value is low.
So when individual stocks have higher standard deviation it means prices are less stable than that of market portfolio.
This can be attributed to them having specific risk. The market is not subject to diversification risk so prices tend to fluctuate less
the loss of producer surplus associated with some sellers dropping out of the market as a result of the tax is
Answer:
$60
Explanation:
According to information on your question. We are to note that an absence or reduction of suppliers could lead to lower supply.
As in this case, the producer supply loss of $60 was incurred as some sellers dropped out of the market as a result of the tax.
High-performance teams are characterized by: members with only individual accountability. members with specialty skills rather than people skills. extensive communication mechanisms. an optimal team size of 15 to 20.
Answer:
extensive communication mechanisms.
Explanation:
High-performance teams is a term often used in organizational settings to describes teams that often performed better than other teams and beyond expectation. They are associated with various characteristics amongst others which are:
1. Presence of extensive communication mechanisms
2. Constant collaboration among team members
3. Define objectives and goals
4. Ability to tackle and resolve conflict amicably with speed.
You are the operations manager for a small kayak and canoc manufacturer (Valley Kayaks) locate on the Pacific Northwest (Oregon) Lately your company has experience product quality problems. Simply put, the kayaks that you produce occasionally have defects and require rework. Consequently, you have decided to assess the impact of introducing a quality management (TQM) program. After discussing the potential effects with representatives from marketing, finance, accounting, and quality, you arrive at a set of estimates (contained in the following table). Top management has told you that it will accept any proposal that you come up with, provided that it improves the return on assets measure by at least 30%. Show your calculations and then determine if you would go forward with this proposal?
Category Current Values Estimated Impact of TOM
Sales $2,000,000 5% + (improvement)
Cost of goods sold $1,500,000 0%
Variable expenses $300,000 8.25%-(reduction)
Fixed expenses $100,000 0%
Inventory $30,000 25%
Accounts receivable $100,000 10%
Other current assets $500,000 0%
Fixed assets $400,000 0%
Answer:
I would go forward with the proposal as it improves the return on assets by more than 125%
Explanation:
a) Data:
1. Category Current Values Estimated Impact of TOM
Sales $2,000,000 5% + (improvement)
Cost of goods sold $1,500,000 0%
Variable expenses $300,000 8.25%-(reduction)
Fixed expenses $100,000 0%
Inventory $30,000 25%
Accounts receivable $100,000 10%
Other current assets $500,000 0%
Fixed assets $400,000 0%
b) Calculations:
1. Category Current Values Estimated Impact of TQM
Sales $2,000,000 $2,100,000
Cost of goods sold $1,500,000 $1,500,000
Variable expenses $300,000 $275,250
Fixed expenses $100,000 $100,000
Returns $100,000 $224,750
Current Assets:
Inventory $30,000 $37,500
Accounts receivable $100,000 $110,000
Other current assets $500,000 $500,000
Fixed assets $400,000 $400,000
Total assets $1,030,000 $1,047,500
Return on assets = Returns/Total Assets * 100
= 9.71% 21.46%
Improvement = Return on assets with TQM minus Current Return on assets divided by Current Return
= ($224,750 - $100,000) / $100,000 * 100
= 1.25 or 125%
Improvement > 30% from 9.71 to 21.46%, which is more than 100% increase.
If a homeowner wants to sell his property to an adult child for $1, may a sales agent be involved in that transaction?
Answer:
Of course a sales agent can be involved, although they will probably charge a fixed amount and not a sales percentage. Many people probably need the help of a sales agent to fill out legal forms, including contracts, etc. Not everyone has the knowledge to prepare them or simply fill them out, and a sales agent can be helpful.
What should be the price of a stock that offers a $4.32 annual dividend with no prospects of growth, and has a required return of 12.5%
Answer:
The price should be P0 = $34.56
Explanation:
The value or price of a stock today can be whose dividend growth is zero can be calculated using the zero growth model of DDM. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,
P0 = Dividend / r
Where,
r is the required rate of returnP0 = 4.32 / 0.125
P0 = $34.56
Briefly describe a customer experience you have personally encountered where you were unsatisfactory when you purchased a good.
Answer: Faulty Mother board ordered on AliExpress
Explanation:
A while back my Laptop developEd power issues wasn’t turning on, took it down to the technician who told me it had board issues as it wasn’t responsive. And the only solution was me getting a new mother board. Well i ended up ordering the board from Abroad on Aliexpress the board arrived damaged Was bent all efforts to get a refund or a replacement was proving difficult as the seller and AliExpress were hell bent on frustrating me. At the end was refunded but that was like over a month was one hell of an experience.
What is the equilibrium weekly wage and the equilibrium quantity of solar panel installers in the town
Answer:
Equilibrium wage = 800
Equilibrium quantity = 4
Explanation:
The computation of equilibrium weekly wage and the equilibrium quantity of solar panel is shown below:-
Here as per the graph the equilibrium wage is meet at 800 where equilibrium quantity is lying on 4.
Therefore according to the given situation the equilibrium wage is 800 and the equilibrium wage is 4.
as the quantity demanded and quantity supplied are matched so this we called as an equilibrium
What is the major problem with the Myers-Briggs Type Indicator as a measure of personality?
A. It does not include enough dimensions to differentiate all the variety of human personality.
B. It is very difficult to administer.
C. It forces a person to be categorized as elther one type or anothen
D. It does not clearly classify a person into any single type.
It tends to overemphasize intuitive personality traits over analytical personality traits.
Answer:
C. It forces a person to be categorized as either one type or another
Explanation:
Whenever you look at the world as black or white, good or evil, etc., you are bot considering the millions of different varieties of shades that lie in between. For e.g. you can be very extroverted with your peers at work, but very introverted when interacting with your superiors (supervisor, manager).
Another big issue with this test is that one single person can get multiple results (which might vary a lot) when taking the tests on different days.
"Discuss the financial and operational implications for airlines as they try to offer the newest technology services?"
Answer with Explanation:
The introducing of newest technology would definitely have financial and operational implications. These implications are given as under:
Financial implications
Cost Reduction: The operational costs would be reduced by investing in the newest technology which will make the cash flow position better with time. Benefits Lost Risk: It is possible that the investment might not bring value to the company because of any emergent problems, whose mitigation requires incurring of additional costs.Cost Advantage: The lower operational cost can drive higher sales because the company will be charging lower fare prices to its customer thus giving Cost Advantage.Investing in newest technology might not bring value to the company because it is not attracting potential customers but it might pay off later in the form of developed customer loyalty.Operational implications
Implementing a newest technology might improve the operational processes through which the customer go through, which would increase the customer satisfaction.Implementation problems of newest technology.Long term Customer retention will easy for the airline company due increased customer satisfaction.Operational efficiencies related to services will process the customer fastly saving the companies precious time wasted in these process thus reducing the future human resource cost. Using robots might bring adverse marketing because the people might think that the human resource are no more required and risks associated with the acceptance of technology due to cultural differences. Better Security systems would increase the security level and safety levels for the customers.The first budget customarily prepared as part of an entity’s master budget is the blank____________ .
Answer: sales budget
Explanation:
The first budget customarily prepared as part of an entity’s master budget is the sales budget.
Sales budget is simply financial plan, that shows how resources will have to be distributed in order for the predicted sales to be achievable.