Answer:
0.74
Explanation:
Jones corporation reported a current assets of $196,000
The current liabilities is $138,500
The current assets consists of $61,000 cash , account receivable= $42,100, inventory= $92,900
Therefore the quick ratio can be calculated as follows
= cash + account receivables
= $61,000 + $42,100
= $103,100
$103,100/$138,500
= 0.74
Hence the acid test(quick ) ratio is 0.74
"A customer places an order to sell 100 shares of ABC at the market. The initial execution report shows the trade occurring at $75.50. The firm later discovers that the trade occurred at $75.13. Which statement is TRUE?"
Answer: The customer will receive $7,513 less any applicable commissions
Explanation: Based in the description made in the scenario above, with the initial execution report carrying a trade value different from the actual trading value of the shares. Since the error actually occurred in the initial execution report and not in the actual trade bargain, the the customer will receive $75.13 which happens to be the actual trading price as opposed to the $75.50 as reported initially. Hence, the initially issued and faulty execution report is withdrawn and the customer is issued with a corrected copy carrying a value of $75.13.
An example of a good that is non-rival but exclusive is A. a pay-TV channel. B. public radio. C. hunting in a public game area. D. national defense.
Answer:
A
Explanation:
A good is non rival if it can be used by many people.
A good is exclusive if it is not accessible to everybody. There are some criteria to be met before a person can assess the good or service.
A pay-tv channel is exclusive because you have to pay before you can enjoy the services but it is non rivalled because more than one person can enjoy the services
The standard direct labor cost for producing one unit of product is 5 direct labor hours at a standard rate of pay of $20. Last month, 18000 units were produced and 88000 direct labor hours were actually worked at a total cost of $1584000. The direct labor quantity variance was
Answer:
Direct labor time (efficiency) variance= $40,000 favorable
Explanation:
Giving the following information:
The standard direct labor cost for producing one unit of product is 5 direct labor hours at a standard rate of pay of $20.
Last month, 18000 units were produced, and 88000 direct labor hours.
To calculate the direct labor quantity variance, we need to use the following formula:
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Standard quantity= 18,000*5= 90,000
Direct labor time (efficiency) variance= (90,000 - 88,000)*20
Direct labor time (efficiency) variance= $40,000 favorable
The internal business perspective of the balanced scorecard answers which of the following questions?
A) How do customers see us?
B) What must we excel at?
C) How do we look to shareholders?
D) Can we continue to improve and create value?
Answer:
B) What must we excel at?
Explanation:
The internal business perspective is about improving the company's internal processes by focusing and exploiting the company's core competencies. What actions and decisions are needed in order for us to excel and increase customer satisfaction.
A) How do customers see us? ⇒ CUSTOMER PERSPECTIVE
C) How do we look to shareholders? ⇒ FINANCIAL PERSPECTIVE
D) Can we continue to improve and create value? ⇒ INNOVATION AND LEARNING PERSPECTIVE
If one concurs with the school of ethical universalism, then one believes that:_______
A. The most fundamental concepts of what is right and what is wrong are universal and transcend most all cultures, societies, and religions; thus, it is entirely appropriate to expect all members of society (including all personnel of all companies worldwide) to conform to universal ethical standards.
concepts of right and wrong as they apply to business behavior are universally considered as being varying shades of gray, never absolute (i.e. black or white).
B. Because what is deemed right or wrong, fair or unfair, moral or immoral, ethical or unethical in business situations is universally regarded as somewhat flexible, then what constitutes ethical conduct should be judged in light of local customs and social mores and can legitimately vary from one culture or nation to another.
C. Since ethical standards are universally flexible, each company has a window within which it can define and implement its own ethical principles of right and wrong.
D. Since ethical standards are universally flexible, each country should have some degree of latitude in setting its own ethical standards for judging the ethical correctness of business actions/behaviors within its borders.
Answer: A. The most fundamental concepts of what is right and what is wrong are universal and transcend most all cultures, societies, and religions; thus, it is entirely appropriate to expect all members of society (including all personnel of all companies worldwide) to conform to universal ethical standards.
Explanation:
Ethical Universalism means that even though humans across most cultures and societies were divided by geography for ages and so developed in isolation for a time, they still adopted similar standards on what was right and what was wrong.
As a result, the most fundamental concepts of right and wrong are a shared variable across most cultures which means that in business, it is indeed possible to expect a global set of ethical standards that all people can subscribe to.
Aryanna invests $30,000 today into an investment that earns 5% annually, but interest is compounded continuously. What is the future value of this investment 15 years from today
Answer:
Future Value =$62,367.85
Explanation:
The rate of return earned on the investment can be worked out using the Future value of a lump sum formula. The future value of a lump sum is the amount lump would amount to if interest is earned and compounded at a certain interest rate.
The formula is FV = PV × (1+r)^(n)
PV = Present Value- 30,000
FV - Future Value, - ?
n- number of years- 15
r- interest rate - 5%
Future Value = 30,000× 1.05^15 =62,367.85
Future Value =$62,367.85
Which of the following items would be included on the capital expenditures budgeta. spending for adding a new product line.
b. spending for admin fees
c. spending for labor.
d. spending for utili.ties.
Answer:
A
Explanation:
Capital expenditures are a long-term investment. It is the purchase of assets with a useful life of at least one year
To boost company recognition, Carlos, the president of StreetLife Entertainment, makes daily blog entries.
a. Nonterritorial offices
b. Emphasis on ethics
c. Changing communication technologies
Explanation:
c) Changing communication technologies
In this case, it can be said that the company StreetLife Entertainment uses new communication technologies to apply positive changes with regard to the company's positioning.
By using communicating also through blogs, which is a social media, Carlos increases the company's recognition through the possibility of establishing a more informal communication that generates identification and value for readers, which consequently generates engagement and increases the company's recognition .
The use of new communication technologies can establish the creation of a more integrated relationship between company and consumer, in addition to being a positive strategy to generate value, attest the company's potential to stakeholders and increase its reliability in the market.
Changing communication technologies is a main point to boost company recognition, Carlos, the president of StreetLife Entertainment, makes daily blog entries.
Changing communication technologies:It is stated that the company StreetLife Entertainment uses new communication technologies to modify positive changes with respect to the changes of the company is a very positive way.By using communicating through social platforms, Carlos increases the recognition of the company through the risk of developing a more informal communication that generates identification, and Value for readers, which consequently generates engagement and increases the company's recognition . It creates the relationship between company and its consumer, in addition of positive impact.
Therefore, To boost company recognition, Carlos, the president of Street Life Entertainment, makes daily blog entries is to Changing communication technologies. so, the option [C] is correct.
Learn more about communication technologies refer;
https://brainly.com/question/1495177
Chutney Channel is a small organization based in Canada that sells specialty condiments made from local ingredients to a wide array of customers around the global. Chutney Channel would be characterized as a(n) __________ organization.
Answer:
he
Explanation:
I
Chutney Channel is a small organization based in Canada that sells specialty condiments made from local ingredients to a wide array of customers around the global. Chutney Channel would be characterized as a multi-national organization or business.
What is a business?A business can be referred to as an organization or enterprising entity that engages in professional, commercial or industrial activities. There are different types of businesses like sole proprietorships, partnerships, corporations, and more.
The businesses are basically work for profit motive. Businesses can be small-scale or large-scale. Some of the biggest businesses in the world are Amazon and Walmart.
There are different types of partners in a business. The persons who owns the shares of the company is known as shareholder.
Chutney Channel is a small organization based in Canada that sells specialty condiments made from local ingredients to a wide array of customers around the global. Chutney Channel would be characterized as a multi-national organization or business.
Learn more about business here:
https://brainly.com/question/2190762
#SPJ5
A US Bank has $500 million in deposits. The current reserve ratio is 10%. Velocity of money is 2. What is the impact on GDP
Answer:
GDP will increase by :
GDP increase = $5 billion * 2
= $10 billion
The impact on GDP given the scenario is that through the $500 million bank deposit alone, the GDP will increase by $10 billion.
Explanation:
a) Data and Calculations:
Bank deposits = $500 million
Current reserve ratio = 10%
Velocity of money = 2
Money supply by this bank deposit = Deposit/reserve ratio
= $500 million/0.1
= $5 billion
Therefore, impact on GDP:
GDP will increase by = $5 billion * 2
= $10 billion
b) The Velocity of money measures the rate at which money is exchanged in the US economy. It is calculated by dividing GDP by the money supply.
Canada and Mexico are the same distance from the United States, but trade is higher between the U.S. and Canada than with Mexico because
Answer:
supply and demand i think
Explanation:
its supply and demand maybe people want more things from canada or its the import taxes from importing things from mexico to over here
When evaluating investments, you can get data from engineering, marketing and sometimes accounting. Do you think any of these organizations have internal biases? If so, as a member of the finance department, how would you deal with them?
Answer: The evaluation of investments is important for knowing the real picture of the financial status of the organization.
Explanation:
The organization may have an internal bias that presenting the data for evaluating the investment. Being a member of the finance department I will suggest the organization get the financial statements and other finance-related documents so as to detect the internal bias in the investment statement.
The biggest transportation mode in terms of spending is: a. Rail b. Trucking c. Air d. Ocean e. Pipeline
Answer:
Air
Explanation:
In terms of spending, the biggest mode of transportation is air transportation. It is used to convey items that are perishable and that have relatively high value.
Peter's Audio has a yield to maturity on its debt of 7.8 percent, a cost of equity of 12.4 percent, and a cost of preferred stock of 8 percent. The firm has 105,000 shares of common stock outstanding at a market price of $22 a share. There are 25,000 shares of preferred stock outstanding at a market price of $45 a share. The bond issue has a total face value of $1.5 million and sells at 98 percent of face value. If the tax rate is 34 percent, what is the weighted average cost of capital?
Answer:
the weighted average cost of capital is 9.22 %.
Explanation:
Weighted average cost of capital is the weighted return required by all providers of permanent sources of finance to the Company.
WACC = ke × (e/v) + kp × (p/v) + kd × (d/v)
where,
ke = cost of equity
= 12.40 %
e/v = weight of equity
= ($22 × 105,000) ÷ ($22 × 105,000 + $45 × 25,000 + $1,500,000 × 98%)
= 0.4709
kp = cost of preference stock
= 8.00 %
p /v = weight of preference stock
= ($45 × 25,000) ÷ ($22 × 105,000 + $45 × 25,000 + $1,500,000 × 98%)
= 0.2294
kd = cost of debt
= Interest × ( 1 - tax rate)
= 7.80 % × (1 - 0.34)
= 5.148%
d/v = weight of debt
= ($1,500,000 × 98%) ÷ ($22 × 105,000 + $45 × 25,000 + $1,500,000 × 98%)
= 0.2997
Therefore,
WACC = 12.40 % × 0.4709 + 8.00 % × 0.2294 + 5.148% × 0.2997
= 9.22 %
An instrument through which a bank retains title to goods until they are paid for is called a (n):a.) bill of exchangeb.) commercial letter of creditc.) trust receiptd.) documentary draft
Answer:
c.) trust receipt
Explanation:
A trust receipt is a receipt i.e. to be considered a financial document attended by the bank and the business who has received the goods delivery and unable to pay the amount unless the inventory is sold
Here, the bank retains the goods unless it is to be paid
so this scenario represents the trust receipt and the same is to be considered
hence, the correct option is c. trust receipt
If Ct denotes consumption, It denotes investment, and Yt is output, the resource constraint in the Solow model is: Group of answer choices
Answer: Yt = Ct + It
Explanation:
If Ct denotes consumption, It denotes investment, and Yt is output, the resource constraint in the Solow model is Yt = Ct + It.
The Solow model believes that when there is a sustained increase in the capital investment, there is a temporary rise in growth rate. It should be noted that savings equals investment and also income is the addition of consumption and savings. Therefore,
Yt = Income
Ct = Consumption
It = Investment = Savings
Therefore, Yt = Ct + It
Good Firm is highly profitable and will grow rapidly in the future. Bad Firm faces the same risks but barely makes a profit and will not grow at all. In an efficient market, _____.
Answer: B.both stocks are equally good investments
Explanation:
The options are;
A.it is better to buy shares in Bad Firm
B.both stocks are equally good investments
C.it is better to buy shares in Good Firm
D.both stock prices react equally to the same information
From the question, we are informed that Good Firm is highly profitable and will grow rapidly in the future while Bad Firm faces the same risks but barely makes a profit and will not grow at all. It should be noted that In an efficient market, both stocks are equally good investments.
A customer's restricted margin account shows the following: LMV $30,000 DB $16,000 SMA $0 If the customer sells $2,000 of securities, how much could be withdrawn from the account
Answer: $1000
Explanation:
From the question, we are informed that a customer's restricted margin account shows the following: LMV $30,000 DB $16,000 SMA $0 If the customer sells $2,000 of securities.
Based on the above analysis, the customer can only withdraw $1000. This is because since $2000 worth of securities are sold, half of it which is $1000 will be credited to SMA which is the withdrawable amount.
Keeping your ___ and ___in mind will dictate what you say and how you say it.
Answer:
Audience and purpose.
Hopefully this helps! :)
A company sells cupcakes for $4.25 each. If the variable costs are $1.95, what is the contribution margin
Answer:
Contribution margin per unit = $2.3
Explanation:
The contribution margin per unit is the contribution or amount provided by the sale of each unit towards covering the fixed costs of the business. The contribution margin per unit is calculated by subtracting the unit variable costs by the sales revenue per unit.
Contribution margin per unit = Sales revenue per unit - Variable cost per unit
Contribution margin per unit = 4.25 - 1.95
Contribution margin per unit = $2.3
2. Earl Broker is 25 years old, senior in college and he decides to put $150 every year in a Roth IRA through Vanguard Total
Stock Market ETF. It gives the return of 10%. Find the total sum he will receive when he will withdraw the money in his
65th birthday.
$66,38.8.86
O $68,588.48
O C$60,688.58
O $65,688
Answer: a) $66,388.86
the total sum Earl will receive when he withdraws the money in his 65th birthday is $66,388.86
Explanation:
Given that;
Annuity = $150
r = 10%
Earl is 25years now
Earl plans to withdraw the money when he is 65
which mean Period N = ( 65 - 25 ) = 40
To find the future value, we use use the express
Future value = annuity × (((1+r)^n)-1)/r)
we substitute our values
Future Value = 150 × (((1 + 10/100)^40)-1)/10/100)
= 150 × (((1.10)^40)-1) / 0.01)
150 × ((45.2592 - 1)/0.1)
150 × 442.5924
Future Value = $66,388.86
therefore the total sum Earl will receive when he withdraws the money in his 65th birthday is $66,388.86
Because of greater uncertainties, misunderstandings and transport delays, safety stocks must be larger. Group of answer choices True False
Answer:
True
Explanation:
Safety stock is a term used in business or procurement operation to define an extra quantity of commodities or products that is kept or set aside in inventory of a company to prevent or guide against any unforeseen uncertainties, misunderstandings, and transport delays, that may arise during the business operation.
Hence, in this case, the correct answer is TRUE
________ mark(s) a change of focus between phases or between the ongoing operations and execution of a branch of sequel.
Answer:
"Transitions" is the correct choice.
Explanation:
A transition meaning seems to be a concept as well as a sequence of characters that connect something else that occurred previously to what follows. The transition has become a transformation through one process or step to another. One illustration of something like a transition seems to be what occurs throughout active labor as well as the birth of an infant.A stock just paid an annual dividend of $2.9. The dividend is expected to grow by 8% per year for the next 4 years. The growth rate of dividends will then fall steadily by 1.5% per year, from 8% in year 4 to 2% in year 8 and stay at that level forever. The required rate of return is 12%.1. What is the stock price if the dividend growth rate will stay 0.05 (5%) forever after 6 years?2. In 6 years, the P/E ratio is expected to be 25 and the payout ratio to be 80%. What is the stock price when using the P/E ratio?
Answer:
1)
Div₀ = $2.90
Div₁ = $3.132
Div₂ = $3.38256
Div₃ = $3.65316
Div₄ = $3.94542
Div₅ = $4.20187
Div₆ = $4.41196 (an then g = 5% forever)
rrr = 12%
terminal value at end of year 5 = $4.41196 / (12% - 5%) = $63.03
current stock price P₀ = $3.132/1.12 + $3.38256/1.12² + $3.65316/1.12³ + $3.94542/1.12⁴ + $4.20187/1.12⁵ + $63.03/1.12⁵ = $2.796 + $2.697 + $2.600 + $2.507 + $2.384 + $35.765 = $48.749
P₀ = $48.749
2) following question 1, if the payout ratio is 80%, then total earnings per share (EPS) = $4.41196 / 0.8 = $5.51495 per share
if P/E ratio = 25, then the price of each stock in 6 years = 25 x $5.51495 = $137.87
Miles, a software designer, received a performance review that he feels is incorrect. Miles would like to discuss his concerns with an impartial individual at his firm. What are the best two individuals for Miles to contact in this situation
Complete Question:
Miles, a software designer, received a performance review that he feels is incorrect. Miles would like to discuss his concerns with an impartial individual at his firm. What are the best two individuals for Miles to contact in this situation?
Group of answer choices
A) mediator and ombudsperson
B) HR manager and arbitrator
C) ombudsperson and HR manager
D) arbitrator and union steward
Answer:
C) ombudsperson and HR manager.
Explanation:
Since Miles feel the performance review he received is incorrect and as such would like to discuss his concerns with an impartial individual working at his firm. The two best individuals for Miles to contact in this situation are an ombudsperson and HR manager.
An ombudsperson refers to a public official who acts as an impartial or neutral intermediary between employees and the executive management by mediating in ethical manner during times of dispute or conflict in an organization.
On the other hand, HR manager is a human resource manager and is saddled with the responsibility of effectively managing the employees working in an organization and other employee-related activities such as training, recruitment, performance management, job design and functions.
Hence, an ombudsperson and HR manager are impartial and neutral and as such would provide a safe, comfortable, and confidential environment for Miles to discuss his concerns.
Suppose the direct quote for sterling in New York is $1.3110‑5. Then the direct quote for dollars in London is:
Answer:
0.7625-80
Explanation:
The computation of the direct quote for dollars in London is shown below:
Direct quote is
= 1 ÷ direct quote in new york
where,
direct quote in new york is 1.3115
Now place these values to the above formula
So, the direct quote is
= 1 ÷ 1.3115
= 0.7625-80
Hence, the direct quote for London in dollars is 0.7625-80
We simply applied the above formula
Suppose Kansas Corp. purchased this equipment on July 17, 20X6, and sold it on April 19, 20X8, for $95,000. The amount of gain or loss is:
Answer:
loss on sale: ($10,000)
Explanation:
some information is missing, so I looked it up:
the equipment was purchased at $140,000
estimated useful life: 5 years
residual value: $40,000
using straight line depreciation, the depreciation expense per year = ($140,000 - $40,000) / 5 years = $20,000
total depreciation expense between purchase and sale:
mid-month July 20x6 - mid-month July 20x7 = $20,000
mid-month July 20x7 - mid-month April 20x8 = $20,000 x 9/12 = $15,000
carrying value at the moment of sale = $140,000 - $35,000 = $105,000
loss on sale = $95,000 - $105,000 = ($10,000)
Which of the following will vary the length of the grace period in health insurance policies?a. The length of any elimination periodb. The length of time the insured has been insuredc. The term of the policyd. The mode of the premium payment
Answer:
The mode of the premium payment
Explanation:
A grace period is a period that occurs instantly when there is a deadline that attracts the late fee or the action that would be taken in the case when the deadline is not meet.
Here in case the health insurance policies, the mode of the premium payment would vary the length of the grace period and hence the same is to be considered
Therefore the last option is correct
In the United States, sole proprietorships and partnerships outnumber corporations.a. Trueb. False
Answer:
a. True
Explanation:
The sole proprietorship and partnerships outnumber corporations in United States but they net fewer sales and less income than corporations, individually and when combined.
Monga manufactures cell phones. The conversion costs to produce cell phones for November are added evenly throughout the process in the Assembly Department. The company uses the weighted-average method. For each of the following separate assumptions, calculate the equivalent units of production for conversion costs in the ending Work-in-Process Inventory for the Assembly Department:
1. 15,000 cell phones were 75% complete
2. 20,000 cell phones were 25% complete
First, determine the formula for calculating equivalent units of production. (Abbreviation used: WIP-Work-in-Process Inventory)
Equivalent units of production
Assumption 1. 15,000 cell phones were 75% complete
The equivalent units for conversion costs is
Assumption 2. 20,000 cell phones were 25% complete
The equivalent units for conversion costs is
Answer:
Monga
Equivalent units of production for conversion costs in the ending Work-in-process Inventory for the Assembly Department:
The equivalent unit of production is the degree of completion of production. It is given by the formula: units under production x degree of completion.
Assumption 1: 15,000 cell phones were 75% complete
The equivalent units for conversion costs is 11,250 cell phones
Assumption 2. 20,000 cell phones were 25% complete
The equivalent units for conversion costs is 5,000 cell phones
Explanation:
Monga's equivalent units of production in Ending WIP Inventory shows the product of the degree completion and the units under production at the ending period. It is a way of determining how much cost has been incurred in production so that the appropriate cost can be attributed to each stage of the production process. Equivalent units calculation is, therefore, a way of assigning weights to units in the process of production.