Answer:
The materials budget for the year = $475,500
Explanation:
let us first lay out the particulars
beginning inventory = 31,000 yards
ending balance = 30,000 yards
amount sold from beginning inventory = 31,000 - 30,000 = 1,000 yards
budgeted production = 53,000 comforters
requirement for each comforter = 6 yards
total budgeted yards to be required = (requirement for each comforter) × (number of comforters)
= 6 × 53,000 = 318,000 yards
Note that required number of yards to be required during the year = 318,000 yards, but we have 1,000 yards available from the beginning inventory, as shown above, therefore, the number of yards to be produced is calculated as follows:
number of yards to be produced = (required number of yards) - ( number of yards from beginning inventory)
= 318,000 - 1000 = 317,000 yards.
Next, we are told that material cost per yard = $1.50
1 yard = $1.50
∴ 317,000 yards = 1.50 × 317,000 = $475,500
Therefore the materials budget for the year = $475,500
Amazon has decided to enter the college bookstore market. The goal of "Amazon Campus" is to offer co-branded university-specific web sites that offer textbooks and paraphernalia, such as logo sweaters and baseball hats. This development shows Amazon's relentless pursuit of
Answer: product diversification
Explanation:
Product diversification is when the original market for a product is being expanded. Product diversification is used to boost a brand and also increase sales.
From the question, we are informed that Amazon has decided to enter the college bookstore market and that the goal of "Amazon Campus" is to offer co-branded university-specific web sites that offer textbooks and paraphernalia, such as logo sweaters and baseball hats. This development shows Amazon's relentless pursuit of product diversification.
Peter's Pans makes cast-iron cookware. It decides to acquire another similar-sized cast-iron cookware company in the hope that its larger size will enable it to snag some market share away from Iron Maiden, the industry leader. What is Peter's Pans strategy?
Answer:
Peter's Pans is trying to overcome competitive disadvantage
Explanation:
Competitive advantage is the ability of a company to produce goods in such a way that it captures market share from other companies.
Competitive advantage can be with regard to quality, price, services, and so on.
In this scenario the Peter Pan wants to obtain a similar sized cookware company. This will make his company to be larger in size.
He intends to use the larger size of the company as a way to overcome competitive advantage of Iron Maiden, the industry leader.
"An individual who is 25 years from retirement has $500,000 to invest today. He is risk tolerant and is looking to withdraw $80,000 per year once he retires. Which asset allocation is BEST for this client?"
The available options are:
A. 25% Stocks / 25% Bonds / 25% REITs / 25% Money Markets
B. 50% Stocks / 40% Bonds/ 10% Cash
C. 100% Bonds
D. 100% Stocks
Answer:
B. 50% Stocks / 40% Bonds/ 10% Cash
Explanation:
Since the age of the customer is not given in the question, however, given he or she is 25 years from retirement, it is logical to assume that the customer is about 40-50 years old in age. According to the rule of thumb that "100% minus the customer's age" should be allocated to stocks for growth, hence, a stock allocation of 40-50% is about right.
Hence, in this case, the right answer is Option B: 50% Stocks / 40% Bonds/ 10% Cash
Joe's company is looking to make a number of improvements. The firm would like to maximize potential volume and reserved instance (RI) discounts across multiple accounts and also apply service control policies on member accounts. Which service or tool can be used to gain these benefits
The service or tool that could be used for gaining the benefits should be AWS Orgs.
The information related to AWS Orgs is as follows:
AWS Organization should be an account management service. In this, there are multiple AWS accounts that should be consolidated for developing and managing. As an organization administrator, the accounts should be developed and the existing accounts should be invited for joining the organization.Therefore we can conclude that the service or tool that could be used for gaining the benefits should be AWS Orgs.
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Since there are mudslides within Pismo Beach along the Pacific Coast Highway during your drive from Los Angeles to San Francisco, you head north on I-5 to reach San Francisco. Although the odds of a mudslide being substantially reduce, higher traffic on I-5 increases the risk of a motor vehicle accident. Since risk is always present, which of the following condition is taking place?
A. Denying the risk
B. Sharing the risk
C. Avoiding risk altogether
D. Accepting the risk
The condition that is present is one where you are D. accepting the risk.
Accepting risk means that one knows that there is a certain amount of risk in doing something and instead of avoiding it, finds a way to deal with the situation regardless of the risk involved.
This is more likely when the risk of something happening is always present such that the activity is hard to avoid.
The subject in this scenario has accepted that there will be risk in being involved in a motor vehicle accident by taking the I-5 but still decides to take the road anyway instead of avoiding it because they believe that they will find a way to avoid the accidents.
They are therefore accepting risk.
More information on risk acceptance in relation to a business can be found at https://brainly.com/question/15133827.
Consider a situation in which a utility company emits high levels of sulfur dioxide and the company is not liable for the damages its pollution causes. According to the Coase theorem, government action is ________ to achieve an ________ amount of pollution
Answer:
not necessary; efficient.
Explanation:
Consider a situation in which a utility company emits high levels of sulfur dioxide and the company is not liable for the damages its pollution causes. According to the Coase theorem, government action is not necessary to achieve an efficient amount of pollution. Coase theorem was developed in 1960 by a British economist and author named Ronald Coase.
Coase theorem states that when the actions of a party (X) negatively affects or harm another party (Y), then party Y should be able to create an incentive for party X to stop or limit the action creating such harm.
Hence, when transaction cost are low, the two parties are able to bargain and reach a mutual agreement in the presence of an externality such as a pollution.
On December 1 of Year 1, Jones, a self-employed cash basis taxpayer, took out a loan to use in her business. The loan principal is to be repaid on November 30 of Year 3. Jones prepaid the entire interest of $12,000 on December 1 of Year 1. What amount of interest was deductible on Jones' Year 2 income tax return?
Answer: $6,000
Explanation:
When expenses such as this interest expense are for 12 months or more, the deduction will need to be evenly spread over the period that they apply to. As the loan was to be repaid in 24 months, the interest payment deductions should be evenly spread over 24 months.
= 12,000/24
= $500
That means that for Year 2, the relevant deduction will be for the 12 months in it;
= 500 * 12
= $6,000
In what country do the three largest shareholders control, on average, about 60 percent of the shares of a public company?
a. Great Britain
b. Italy
c. United States
d. Canada
Answer:
b. Italy
Explanation:
Even though this % doesn't apply to all corporations, it is still a very small number of shareholders that control corporations (and their board) on average. We can compare this situation to the American normality, where any shareholder that owns 5% or more of a large corporation is considered a major shareholder and must report himself/herself to the SEC as such.
In the US, many of the corporations would be considered closed corporations. The smaller the number of shareholders with large decision power, the less small shareholders can do.
Daves Inc. recently hired you as a consultant to estimate the company's WACC. You have obtained the following information. (1) The firm's noncallable bonds mature in 20 years, have an 8.00% annual coupon, a par value of $1,000, and a market price of $1,000.00. (2) The company's tax rate is 25%. (3) The risk-free rate is 4.50%, the market risk premium is 5.50%, and the stock's beta is 1.20. (4) The target capital structure consists of 35% debt and the balance is common equity. The firm uses the CAPM to estimate the cost of equity, and it does not expect to issue any new common stock. What is its WACC? Do not round your intermediate calculations.
Answer:
9.315%
Explanation:
The computation of WACC is shown below:-
But before that we need to do the following calculations
PV -$1,000
PMT 80
N 20
FV $1,000
Compute IY 8%
After tax cost of Debt = Before tax cost of debt × (1 - tax rate)
= 8% × (1 - 25%)
= 6%
According to the CAPM,
Cost of Equity =Risk free Rate + (Beta × Market Risk Premium)
= 4.5% + (1.2 × 5.5%)
= 11.10%
Weight of Equity = 100% - 35%
= 65%
WACC = (Weight of Equity × Cost of Equity) + (Weight of debt × Cost of debt)
= (65% × 11.10) + (35% × 6)
= 9.315%
Based on the information given Daves Inc WACC is 9.32%.
First step is to find then YTM using financial calculator
PV= -$1,000
PMT= 80
N=20
FV =$1,000
Hence:
YTM=8%
Second step is to calculate the After tax cost of Debt
After tax cost of Debt = Before tax cost of debt × (1 - tax rate)
After tax cost of Debt = 8% × (1 - 25%)
After tax cost of Debt = 6%
Third step is to calculate the Cost of Equity
Cost of Equity =Risk free Rate + (Beta × Market Risk Premium)
Cost of Equity= 4.5% + (1.2 × 5.5%)
Cost of Equity= 11.10%
Fourth step is to calculate WACC
WACC= (.35 × 6%×)+ [(1-.35)×11.10%]
WACC=(.35×6%)+(.65×11.10%)
WACC=2.1%+7.215%
WACC=9.315%
WACC= 9.32% (Approximately)
Inconclusion Daves Inc WACC is 9.32%.
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In the course of selling a home to a buyer, a broker told the buyer that the home's foundation was "solid as a rock", when he knew for a fact that it was slowly sinking into the landfill on which it was built. In this situation, the broker's conduct would be BEST defined as a
Answer:
willful misrepresentation
Explanation:
Willful misrepresentation is an intentional act or misrepresentation of facts with an intent to deceive. It is an intentional action taken by one party, which constitutes a breach of representation with an intent or act to mislead the other party to whom such representation was made.
The above scenario is an example of wilful misrepresentation because the broker knew that the foundation of the house was faulty but willfully misrepresented fact by telling the buyer that the home's foundation was 'solid as rock'.
If the product or service you sell is taxable, you must obtain is ———— A. A sales tax permit B. An employer identification number C. A business checking account D. Business cards
Answer:
The answer I prefer is
Explanation:
An employer identification number.
Hope this helps....
Have a nice day!!!!
You are attending a lecture by a banker and you expect her to advocate bank savings accounts. However, she advocates stock investments instead. Since her message goes against her own self-interest, you perceive her as _______ and the message as _______.
Answer: sincere; persuasive
Explanation:
Since her message of the banker goes against her own self-interest, you perceive her sincere and the message as persuasive.
Being sincere simply means that the banker is giving the lecture genuinely and what she is saying is free from being deceitful. Also, hee message is being regarded as persuasive.
Smith Commercial Development has effective control processes, allowing its managers to discover ______ in bookkeeping right away, before a would-be embezzler could seriously affect its business.
Complete Question:
Smith Commercial Development has effective control processes, allowing its managers to discover ______ in bookkeeping right away, before a would-be embezzler could seriously affect its business.
Group of answer choices
A. irregularities and errors
B. team problems
C. a potential merger
D. tax breaks
E. competence
Answer:
A. Irregularities and errors.
Explanation:
In this scenario, Smith Commercial Development has effective control processes, allowing its managers to discover irregularities and errors in bookkeeping right away, before a would-be embezzler could seriously affect its business.
Generally, managers are saddled with the responsibility of controlling various aspects of an organization (business) and as such are required to improve the effectiveness of their control processes. An effective control process ensure that every information at various levels of organization such as bookkeeping (financial statements) are accurate through the use of corrective actions.
A working group convened by NASAA has developed a model fee disclosure schedule to help investors better understand the costs involved in doing business with their broker-dealer. The template has broker-dealers disclose all of the following fees except:________. A) charges for late payments B) account inactivity fee C) issuance of a stock certificate D) advisory fees
Answer:
Correct Answer:
C) issuance of a stock certificate
Explanation:
In the model developed by group working for NASAA which was to disclose model fee and cost involved in doing business with them, it would disclose all associated cost involved. The only thing it would not disclose would be regards to stock certificate issuance since it falls outside their perview.
Trade barriers: Group of answer choices are still used by nations as a means of rewarding their friends and punishing their enemies arise entirely from a failure to understand comparative advantage have been increased through GATT are totally responsible for the large fluctuations in U.S. exports in recent years
Answer:
are still used by nations as a means of rewarding their friends and punishing their enemies
Explanation:
Trade barriers "are still used by nations as a means of rewarding their friends and punishing their enemies."
The above statement is based on the fact that trade barriers have been analyzed to be damaging and reduce the total economic advantage of the affected countries.
For example, the imposition of taxes on food imports and subsidies for farmers in advanced countries leads to overproduction and eventually dumping on world markets, thereby reducing the prices and affecting the developing countries' farmers.
Which term describes a category of attacks that generally are conducted over short periods of time (lasting at most a few months), involve a smaller number of individuals, have little financial backing, and are accomplished by insiders or outsiders who do not seek collusion with insiders?
Complete Question:
Which term describes a category of attacks that generally are conducted over short periods of time (lasting at most a few months), involve a smaller number of individuals, have little financial backing, and are accomplished by insiders or outsiders who do not seek collusion with insiders?
Group of answer choices.
A. Critical infrastructure category
B. Unstructured threat category
C. Highly structured threat category
D. Structured threat category
Answer:
B. Unstructured threat category.
Explanation:
An unstructured threat category is a term which describes a category of attacks that generally are conducted over short periods of time (lasting at most a few months), involve a smaller number of individuals, have little financial backing, and are accomplished by insiders or outsiders who do not seek collusion with insiders.
A company’s perpetual preferred stock has a par value of $65 per share and it pays a dividend rate of 6.25% per year. The preferred stock’s market value is $58.63 per share and the company’s tax rate is 31%. If the flotation costs for preferred stock are 6.5%, what is the company’s annual cost of new preferred stock financing?
Answer:
Cost of preferred stock=7.41 %
Explanation:
A preferred stock entitles its investor to a fixed amount of dividend for the foreseeable future. The dividend payable by a preferred stock is similar to a perpetuity. Hence, the price of the stock would be the same as the present value of the dividend payable for the foreseeable future.
A preferred stock entitles its owner to a fixed amount of dividend. It is calculated as follows:
Cost of preferred stock = D/P(1-f) × 100
D- Preference dividend
P- stock price
F- flotation cost
Preference dividend = Coupon rate × Nominal value
DATA
Nominal value = $65
Stock price = $58.63
Dividend rate=6.25%
Flotation cost = 6.5%
Preference dividend = 6.25%× 65 = 4.063
Cost of preferred stock =(4.063 /58.63×(1-0.065) × 100 = 7.41 %
Cost of preferred stock=7.41 %
A public radio station with a June 30 year end collects $100,000 in annual membership dues every January 1. Paying membership dues provides few direct benefits, which are not restricted to members. On January 1, the radio station should record the $100,000 as ______.
Answer:
Deferred Revenue
Explanation:
The public radio station has a year ending of June 30 and collects these dues on an annual basis therefore the dues received in January 1 are not yet earned. Under accrual accounting, and applying the revenue recognition principle, revenue which is received in this way has not yet been earned since these dues are collected/recorded annually but are billed before(january 1)the year end,and therefore are charged as liability until they are earned at year end then they are converted to revenue
The following information is for the standard and actual costs for the Happy Corporation:
Enter favorable variances as negative numbers.
Standard Costs:
Budgeted units of production - 16,000 [80% (or normal) capacity]
Standard labor hours per unit - 4
Standard labor rate - $26 per hour
Standard material per unit - 8 lbs.
Standard material cost - $12 per pound
Standard variable overhead rate - $15 per labor hour
Budgeted fixed overhead - $640,000
Fixed overhead rate is based on budgeted labor hours at 80% (or normal) capacity.
Actual Cost:
Actual production - 16,500 units
Actual fixed overhead - $640,000
Actual variable overhead - $1,000,000
Actual labor - 65,000 hours, total labor costs $1,700,000
Actual material purchased and used - 130,000 lbs, total material cost $1,600,000
Actual variable overhead - $1,000,000
Determine the Quantity Variance
a. 24,000 unfavorable
b. 24,000 favorable
c. 12,000 unfavorable
d. 12,000 favorable
Answer:
a. 24,000 unfavorable
Explanation:
Quantity Variance = Standard Price ( Actual Quantity - Standard Quantity Allowed)
= $12 per pound (8 lbs.*16,500 lbs-8 lbs.*16,000)
= $ 12 (132,000 lbs-130,000 lbs) = $ 12 (2000)= 24,000 unfavorable
It is unfavorable because the actual quantity used is more than the standard quantity allowed.
Quantity variance is obtained by multiplying the standard price with the difference in the actual quantity used and the standard quantity allowed.
To stay in "fashion" many people buy a new car even though their old car is still in excellent-to-good condition. Similarly, people tend to buy new clothes before they wear out the clothes they already have. Such actions speak to
Answer:
NO
Explanation:
Tech giant, TimeHop was concerned about creating a workspace that was inviting and encouraged collaboration. Knowing that most of its employees would work odd hours, there was care taken to lighting choices and types of furniture. TimeHop was concerned with
Answer:
physical design
Explanation:
TimeHop was concerned about creating a workspace that was inviting and encouraged collaboration and here TimeHop was concerned with physical design because the reason for this is the the firm tailored their work space to the needs of employees thus being concerned with physical designso answer is physical designAt Scorla Automobiles, a few machines in the assembly section were faulty and had to be shut down till they were repaired. This reduced the output of automobiles for the quarter. In this case, the costs incurred by Scorla Automobiles for repairing the machines are an example of _____.
Answer:
Internal failure costs
Explanation:
Internal failure costs are those costs that occur because of product failure when quality of goods is reviewed.
This occurs before goods are released from the factory for use by the consumer.
Discovery of these failures is done by the internal inspection team of the company.
We have 4 costs of quality: preventive cost, appraisal cost, external failure cost, and internal failure cost.
In this scenario a few machines in the assembly section were faulty and had to be shut down till they were repaired, resulting in reduced the output of automobiles for the quarter.
The incurred cost is internal failure cost
Kirstie’s boss asks for input about ways the company can improve its current advertising campaign. However, every time an employee offers a suggestion that differs from the plan that the boss has sketched out, the suggestion is ignored completely. In this case, it is likely that the group that is supposed to improve the company’s advertising will experience the effects of:
Answer:
groupthink
Explanation:
Groupthink refers to the thinking of the people who are in a group so that the good decisions making could be made which helps the organization in an efficient and effective manner
Here in the given situation, the suggestions are taken out but it is different from the plan so the suggestions are useless in this case.
Therefore this is an effect of group think
Can someone help me please????????
Answer:
25% = 0.25 = 25/100 --> 1/4
90% = 0.90 = 90/100 --> 9/10
60% = 0.6 = 3/5
35% = 0.35 = 35/100 --> 7/20
33.3...% = 0.33... = 1/3
65% = 0.65 = 65/100 --> 13/20
How to calculate percentage:
[From decimal]
Decimal x 100 = percentage
e.g. 0.2 x 100 = 20%
[From fraction]
Numerator / Denominator x 100 = percentage
top number / bottom number x 100 = percentage
e.g. 3/5 --> 3 / 5 x 100 = 0.6 x 100 = 60%
How to calculate decimal:
[From percentage]
Percentage / 100 = Decimal
e.g. 45% / 100 = 0.45
[From fraction]
Numerator / Denominator = Decimal
top number / bottom number = Decimal
e.g. 7/8 = 7 / 8 = 0.875
How to calculate fraction:
[From percentage]
Percentage number / 100 --> simplify
e.g. 38% --> 38/100 --> 19/50
[From decimal]
Decimal x 100 / 100 --> simplify
e.g. 0.75 --> 0.75 x 100 = 75 --> 75/100 --> 3/4
Hope this helps :)
Rubinski Enterprises Inc. has long-term bonds worth $20 million, retained earnings of $45 million, accounts payable of $10 million, notes payable of $12 million, and inventory worth $18 million. What is the value of total liabilities of Ruby Enterprises
Answer:
$42,000,000
Explanation:
Rubinski enterprise has a long term bond of $20 million
The retained earnings is $45 million
The account payable is $10 million
The notes payable is $12 million
The inventory is $18 million
Therefore, the value of the total liabilities of Ruby enterprises can be calculated as follows
= long term bond+ account payable+notes payable
=$20,000,000+$10,000,000+$12,000,000
= $42,000,000
Hence the value of total liabilities of Ruby enterprises is $42,000,000
The CEO of Fox Mart wants to know what his company's financial position looked like on the 31st of December of the previous year. The financial report he should look at is the company's _____.
Answer: balance sheet
Explanation:
The balance sheet helps to show the summary of the finances of a company. The balance sheet consist of the assets, liabilities, the equity capital, the total debt, etc of a company.
If the CEO of Fox Mart wants to know what his company's financial position looked like on the 31st of December of the previous year. The financial report he should look at is the company's balance sheet.
The approach to measuring GDP that adds together compensation to employees, rents, interest income, dividends, undistributed corporate profits, proprietors' income, indirect business taxes, the consumption of fixed capital, and net foreign factor income earned in the United States is the:
Answer:
Income approach
Explanation:
This approach of calculating GDP is called income approach. In income approach of GDP calculation we add compensation to employees, rents, interest income, dividends, undistributed corporate profits, proprietors' income, indirect business taxes, the consumption of fixed capital, and net foreign factor income earned.
To market Suave shampoo, Unilever used PRIZM to identify neighborhoods with high concentrations of young working women. These women responded best to advertisements conveying the message that Suave is inexpensive, yet will make their hair "look like they spend a fortune on it." What segmentation tool did Unilever use in this example
Answer: Geodemography
Explanation:
Geodemography is used in market and it occurs when the marketplace of the consumers are divided into segments
thar will be reachable and locatable to the consumers who live around that particular neighborhood.
Based on the analysis explained in the question above, this is the segmentation tool that was utilized by Unilever.
The board of directors of DDC omitted dividends in 2016 on their $100 par 6% noncumulative preferred stock. In 2017, a $2 preferred dividend was paid. For DDC, 2018 has been a good year, and the board wishes to pay a common dividend. How much must be paid per share on the preferred for 2018 in order to pay a common dividend
Answer:
$6
Explanation:
Calculation for the amount to be paid per share on the preferred for 2018 in order to pay a common dividend.
Using this formula
Common dividend=Omitted dividend *noncumulative preferred stock
Where,
Omitted dividend =$100
Noncumulative preferred stock=6%
Let plug in the formula
Common dividend =$100*6%
Common dividend =$6
Therefore the amount to be paid per share on the preferred for 2018 in order to pay a common dividend will be $6 per share.
For February, the cost components of a picture frame include $0.45 for the glass, $0.68 for the wooden frame, and $0.95 for assembly. The assembly desk and tools cost $500. Two hundred fifty frames are expected to be produced in the coming year. What cost function best represents these costs?
Answer: C(x) = 2.08 + 500x
Explanation:
Given the following :
Cost component of picture frame :
Glass = $0.45
Wooden frame = $0.68
Assembly = $0.95
Assembly desk and tools = $500
Using the linear cost function :
C(x) = mx + b
C(x) = total cost
b = fixed cost
mx = variable cost
b = cost of glass + wooden frame + assembly
b = $(0.45 + 0.68 + 0.95) =$2.08
mx = (cost of assembly desk and tools * number produced) = 500x
C(x) = 2.08 + 500x