Answer:
Instructions are below.
Explanation:
Giving the following information:
We weren't provided with enough information to answer, but, I can provide with an example and formulas to guide an answer.
For example:
Estimated overhead for the period= $1,500,000
Estimated machine-hours= 55,000
Actual machine-hours= 62,000
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 1,500,000/55,000
Predetermined manufacturing overhead rate= $27.27
Now, we can allocate overhead based on actual hours:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 27.27*62,000
Allocated MOH= $1,690,740
The principal liaison between the information systems groups and the rest of the organization is a(n): .
Answer:
System analyst.
Explanation:
The principal liaison between the information systems groups and the rest of the organization is a system analyst. Simply stated, a system analyst is an individual who controls or supervises the information systems and relays information to other departments in an organization.
Information system can be defined as a set of components or computer systems, which is used to collect, store, and process data, as well as dissemination of information, knowledge, and distribution of digital products.
Basically, it is an essential part of an organization or business firm because they typically rely on information systems in order to perform their duties, functions or tasks and to manage their operations effectively. For example, all organizations make use of information systems for supply chain management, to process financial accounts, manage their workforce, and as a marketing channel to reach their customers or potential customers.
Additionally, an information system comprises of five (5) main components; hardware, software, database, human resources and telecommunications.
In UC when opportunity is 50,000 USD, manager has to approve prior to moving to next stage. There are two managers in 2 regions. What should admin do that the right manager approves the opportunity
Answer:
The HR/Admin Executive will have to send the Approval to both managers. The Approval is sent first to the first Manager. Upon receipt of the Approval Notification, he executes the Approval if he or she is the right manager. If not, it is sent to the second Manager.
The Admin must also create a lookup field within the CRM to get the details of the right manager
Thereafter, he or she is to create an Assignment Rule which going forward works to automatically insert the manager in opportunity.
Cheers!
What is the MOST important item to disclose to a customer who invests in a fund of hedge funds?
A. The illiquidity of the investment
B. The high risk of speculative options strategies used by hedge fund managers
C. The high fees and expenses of the investment
D. The lack of disclosure about the underlying hedge funds
Answer:
A. The illiquidity of the investment
Explanation:
This rightly could be considered as the MOST important item to disclose to a customer who invests in a fund of hedge funds. Let's imagine a customer who invests in a hedge fund and a few days later feels he could take back out from his investment, only to learn about the illiquid nature of hedge fund investment.
For clarity, to say that hedge funds are illiquid means that they require all investors to keep their money in the fund for at least one year, often called the lock-up period. With certain limitations on withdrawals.
An unincorporated association of two or more persons to pursue a business for profit as co-owners is a:
Answer:
Partnership
Explanation:
A partnership is a business organization in which two to twenty people agree legally to set up and manage a business outfit with the sole aim of making profit. It is usually formed by an association of two to twenty persons, who by an agreement (usually legal) decide to pool their resources (capital) or skill together and establish a business enterprise. The people involved in partnership are called partners and they share the profit, losses and risk of the business
The asset, equipment, used by a department accounted for by the General Fund of a governmental unit should be reported in the:
Answer:
Government-wide statements.
Explanation:
What is the government wide statements?
This is a summary and well detailed statement of the main or major government funds, their expenditures/ how much have been spent and also the amount of money that the government has left. It shows the government's financial activities, all in one place.
Therefore from the question, the asset and equipment has to be reported in the government wide statement.
Recent decades have seen a trend toward globalization, which means that buying and selling in markets have crossed national borders to an increasing extent. List three reasons and briefly describe their effect contributing toward globalization. Provide examples and explain your answer.
Answer:
The answer is below
Explanation:
Three reasons and their effect contributing towards Globalizations are:
1. Growths in shipping and air cargo: with the advancement in the industry of air and sea transportation, the cost of moving goods around has reduced, leading to more transnational and transcontinental transactions. For example, Many plane flights can move either goods or people from anywhere in the world to another place without fear of getting lost or accident, likewise in the shipping operation.
2. Inventions and advancements in computing and telecommunications: this has brought various and tremendous means of sending products and services across the globe, with high efficiency, low cost, and effectiveness. For example, the presence of trading websites like amazon, or product delivery firms like DHL, FedEx, etc.
3. Information as product and services in recent times: with several goods and services taking the form of information, such as e-books, music, travel plans, financial advice, etc which can easily be sent at the tip of a finger to any of part of the world, has made globalization to increase. For example, selling merchandise on websites like Amazon, downloads from the movie website. etc
"A registered representative ("RR") has entered an order to buy 100 shares of ABC at $50 per share for a customer. The transaction is executed at $50 per share, and when the representative is reporting the trade to the customer, she notices that the account number on the executed order ticket is wrong. Which statement is TRUE?"
Answer:
The RR may change the account number on the order ticket to correct number if the branch manager so agrees and provides in written.
Explanation:
In the given case, we know that when the customer buys shares he provides all the details as Name, Address, Contact Details, mail id, etc:
Now when the account number do not match as to the original of the customer, she the registered representative shall confirm to the original information and if the customer is same the details if any which are not correct shall be changed in records if the branch manager so agree.
As this is beneficial to the both the branch manager and the customer.
A company has total fixed costs of $220000 and a contribution margin ratio of 20%. The total sales necessary to break even are
Answer:
The total.sales necessary are $50,000
Explanation:
Identify the main activities or functions of Martin Guitar’s business and explain how each activity benefits the company.
Answer:
It is famous company of Martin who was known for its instruments quality.
Explanation:
Martin company was producing the acoustic instruments. These instruments are acknowledged the best instruments in the world. Last many years, Martin managed the company to success and brings it to the next generation. By the time the company has changed the design, and the manufacturing methods.
Martin never lose the commitment from its initial stage of quality for their products. Martin make the instruments such ads guitar. The story also started from guitar. It is dedicated to the six generation of the guitar makers.
the primary measurement unit used for assessing the value of one's stake in an investment company is
Answer:
net asset value
Explanation:
The primary measurement unit being described is known as the net asset value or NAV for short. NAV is commonly used as a per-share value for a variety of different assets such as mutual fund, ETF, or closed-end fund and is calculated as the company's/individua's total assets minus those asset's total liabilities. This can be seen in the attached picture below.
The cost of borrowing money that is reserved for large corporations with excellent credit ratings is called the
Answer:
Prime interest rate
Explanation:
The prime interest rate is the rate of interest in which the commercial bank charged for majorly all creditworthy customers as it focused only large corporations. It is to be figured out by the federal fund rate i.e. to be used for lending one to another
Therefore according to the given situation, the term we called prime interest rate as it is mostly focused to those corporations who have great credit ratings
Using the information provided, construct a monthly cash budget for October through December 2014. Based on your analysis, will Noble enjoy a surfeit of cash, or require external financing?
Sales (20 percent for cash, the rest on 30-day credit terms):
2014 Actual 2014 Projected
July August September October November
76,000 88,000 266,000 125,000 51,000
Purchases (all on 60-day terms):
2014 Actual 2014 Projected
July August September October November
116,000 122,000 257,000 62,000 27,000
Salaries payable monthly 20,000
Principal payment on debt due in December 25,700
Interest due in December 9,000
Dividend payable in December 15,000
Taxes payable in November 19,000
Addition to accumulated depreciation in December4,000
Cash balance on October 1, 2014 34,000
Minimum desired cash balance 15,000
Answer:
Noble
Monthly Cash Budget for the months of October through December 2014:
October November December
Cash balance on October 1, 2014 $34,000 $129,800 ($56,000)
Total cash received 237,800 110,200 40,800
Total cash available $271,800 $240,000 ($15,200)
Cash payments:
Cash payment for purchases 122,000 257,000 62,000
Salaries 20,000 20,000 20,000
Principal payment 25,700
Interest 9,000
Dividend 15,000
Taxes 19,000
Total cash payments $142,000 $296,000 $131,700
Cash Balance $129,800 ($56,000) ($146,900)
Minimum desired cash balance 15,000
Explanation:
a) Data and Calculations:
1. Sales:
Cash Sales = 20% of Sales
Sales on account = 80%
Credit terms = n/30
2014 Actual 2014 Projected
July August September October November Dec.
Sales: 76,000 88,000 266,000 125,000 51,000
Cash Sales 53,200 25,000 10,200
Cash received on account 212,800 100,000 40,800
Total cash received $237,800 $110,200 $40,800
2. Purchases (all on 60-day terms):
2014 Actual 2014 Projected
July August September October November Dec.
Purchases 116,000 122,000 257,000 62,000 27,000
Cash payment 116,000 122,000 257,000 62,000
3. Other information:
Salaries payable monthly 20,000
Principal payment on debt due in December 25,700
Interest due in December 9,000
Dividend payable in December 15,000
Taxes payable in November 19,000
Addition to accumulated depreciation in December 4,000
Cash balance on October 1, 2014 34,000
Minimum desired cash balance 15,000
b) Noble will enjoy cash surfeit in October only. In November and December, it will be in some serious deficits that require external financing to keep the business afloat. If cash requirement through some external financing is not satisfied in November and December, Noble will not be able to meet with its maturing debt obligations.
The two major markets in the circular flow of income and expenditure are the:________
[1] foreign exchange market and factor market.
[2] goods market and factor market.
[3] goods market and services market.
[4] factor market and production market.
Answer:
[2] goods market and factor market.
Explanation:
The circular flow of income shows how exchange of money, goods and services occur in an economy.
the two flow circular income model consists of an household and a firm.
The household buys factors of production from the household in exchange for money (firms buys from the factor market). In return, households receive payment.
households then go to the goods market to purchase goods and services.
The two major markets in the circular flow of income and expenditure are the goods market and factor market.
What is the term circular flow of income about?
The circular flow of income shows how exchange of money, goods and services occur in an economy.
The two flow circular income model consists of an household and a firm.The household buys factors of production from the household in exchange for money (firms buys from the factor market). In return, households receive payment.
Therefore, correct option is B.
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The MNE can ________ its ________ by gaining access to markets that are more liquid and/or less segmen
Answer: decrease; MCC.
Explanation:
The MNE can decrease its MCC by gaining access to markets that are more liquid and/or less segmented than its own.
A multinational enterprise which is also referred to as the multinational corporation, is an enterprise that produces goods or services for more than one country. Examples include Shell, Deloitte, Nestle etc
When multinational firms have access to more liquid markets, it can help reduce their MCC.
After firm A acquired firm B, it raised the prices for the goods produced by both firms. This can increase profits if those goods are
Answer: substitute
Explanation:
After firm A acquired firm B, it raised the prices for the goods produced by both firms. This can increase profits if those goods are substitutes.
Substitute goods are the goods that serve thesame functions and one can be used to replace the other one. Since both goods produced are substitutes, that means when there's price increase, even though consumers shift from one good to another, there's still rise in price which will increase profits
A 180-day $3 million CD has a 4.25 percent annual rate quote. If you buy the CD, how much will you collect in 180 days?
Answer:
$3,063,750
Explanation:
A 180 day $3,000,000 CD
Annual rate = 4.25%
Collection in 180 days = ?
$3,000,000 * 4.25% * 180/360
= $3,000,000 * 0.02125
= $63,750
Total amount to collect after 180 days = $3,000,000 + $63,750
Total amount to collect after 180 days = $3,063,750
Which of the following is the correct ordering of the capital stack (from most secure to least secure)? Review Later Equity -> Subordinated debt -> Senior debt Senior debt -> Equity -> Subordinated debt Senior debt -> Subordinated debt-> Equity Subordinated debt -> Senior debt -> Equity
Answer: Senior debt -> Subordinated debt-> Equity
Explanation:
Senior debt to a company is the one with the highest priority when it comes to repayment so it is the most secure. It is usually anchored to some sort of asset as collateral.
Subordinated debt comes after and as such is less secure than the senior debt which means that it will draw a higher interest rate as it has a higher default risk.
Equity would be the least secure because it represents ownership in the company. Earnings such as dividends flowing to Equity holders comes after debt has been paid so they are the least secure and the lowest in priority.
Assume that a customer has an established margin account with no special memorandum account, and the account is restricted. With the Regulation T requirement at 50%, the purchase of $10,000 worth of stock would generate a Regulation T call of
Answer: $5000
Explanation:
Given that customer has an established margin account with no special memorandum account, and the account is restricted. With the Regulation T requirement at 50%, the purchase of $10,000 worth of stock would generate a Regulation T call of :
Margin requirement = 50%
Worth of stock = $10,000
The regulation T- call which will be generated is a deposit of the full margin requirement of the purchase.
Since margin requirement = 50% and worth of stock = $10,000
Regulation T-call = 50% of $10,000
0.5 × $10,000 = $5,000
Hence, regulation T- call is $5,000
A firm is operating in the United States with only two other competitors in the industry. a. It is likely this industry would be characterized as:
Answer: Oligopoly
Explanation:
In an Oligopolistic industry, the market is populated by few producers who control the market.
Oligopolistic industries have high barriers to entry because they usually benefit from economies of scale and so will require a huge cash outlay which still would not guarantee success as the other firms already have a firm grasp on the market.
If an industry has only 3 competitors as the one in the question, it is most likely an Oligopoly.
In the early 1950s, in which currency were Magnum Corporation's business activities carried out?
Answer:
In the early 1950s, the currency that Magnum Corporation carried out its business activities was the US Dollar.
Explanation:
The company has since expanded its operations worldwide. Magnum Corporate was a US-headquartered corporation. Its business model was founded on the production and sale of rearview mirrors, according to history. These days, many of its business activities are conducted across the globe. These also require interaction with other countries' currencies and the translation of its financial performances by the use of foreign exchanges.
Sherwin-Williams' Dutch Boy paint has packaging that is getting rave reviews.The new Twist & Pour paint is packaged in an all-plastic gallon container with an easy twist-off lid,comfortable side handle,and even a pouring spout.There's no other paint product like it on the market.This innovative packaging was most likely designed for which of the following functions?a. To facilitate product use and convenienceb. To contain and protect the productc. To reduce environmental damaged. To facilitate recyclinge. To promote the product
Answer:
to facilitate product use and conveinience
Giovanna will be borrowing $150,000 today to open her own business, and she will pay it back with 20 yearly payments starting one year from today. If the effective annual interest rate is 8%, how much will the final payment be if the amount of principal reduced each year is constant
Answer:
$8,100
Explanation:
Following is the table that will we used to compute last payment made:
Op, Principal Principal Repayment Interest Cl. Principal
1 150,000 7,500 12,000 142,500
2 142,500 7,500 11,400 135,000
3 135,000 7,500 10,800 127,500
4 127,500 7,500 10,200 120,000
5 120,000 7,500 9,600 112,500
6 112,500 7,500 9,000 105,000
7 105,000 7,500 8,400 97,500
8 97,500 7,500 7,800 90,000
9 90,000 7,500 7,200 82,500
10 82,500 7,500 6,600 75,000
11 75,000 7,500 6,000 67,500
12 67,500 7,500 5,400 60,000
13 60,000 7,500 4,800 52,500
14 52,500 7,500 4,200 45,000
15 45,000 7,500 3,600 37,500
16 37,500 7,500 3,000 30,000
17 30,000 7,500 2,400 22,500
18 22,500 7,500 1,800 15,000
19 15,000 7,500 1,200 7,500
20 7,500 7,500 600 -
Here
Closing Principal = Opening Principal - Principal Repayment
The last final payment would be:
Final Payment = Last Principal Repayment Amount + Last Interest Payment
Now the values from the above table are given as under:
Last Principal Repayment Amount is $7,500
Last Interest Payment is $600
By putting values in the above equation, we have:
Final Payment = $7,500 + $600 = $8,100
Marionette receives an offer to produce dolls for a special event. This is a onetime opportunity during a period when the company has excess capacity. What is the minimum sales price the company should accept for the%E2%80%8B order?
Answer: $23
Explanation:
The minimum sales price should be the one that covers Marionette's costs. As the fixed costs remain the same because the excess capacity is being used and thus have already been covered, the relevant costs would be the variable costs;
= Variable manufacturing costs + Variable selling and administrative costs
= 20 + 3
= $23 per unit.
Consider historical data showing that the average annual rate of return on the S&P 500 portfolio over the past 90 years has averaged roughly 8% more than the Treasury bill return and that the S&P 500 standard deviation has been about 20% per year. Assume these values are representative of investors’ expectations for future performance and that the current T-bill rate is 5%.
Calculate the utility levels of each portfolio for an investor with A = 2. Assume the utility function is U = E(r) − 0.5 × Aσ2. (Do not round intermediate calculations. Round your answers to 4 decimal places.)
WBills WIndex U(A=2)
0.0 1.0
0.2 0.8
0.4 0.6
0.6 0.4
0.8 0.2
1.0 0.0
Answer:
1) 0.0900
2) 0.0884
3) 0.0836
4) 0.0756
5) 0.0644
6) 0.0500
Explanation:
WBills Rbils Windex Rindex R-portfolio α-portfolio α²-portfolio (A=2)
(A) (B) (C) D(8%+5%) AB+CD C20%
0.0 5% 1.0 13% 0.13 0.20 0.04 0.0900
0.2 5% 0.8 13% 0.114 0.16 0.0256 0.0884
0.4 5% 0.6 13% 0.098 0.12 0.0144 0.0836
0.6 5% 0.4 13% 0.082 0.08 0.0064 0.0756
0.8 5% 0.2 13% 0.066 0.04 0.0016 0.0644
1.0 5% 0.0 13% 0.050 0.00 0.0000 0.0500
Utility level values of each portfolio for an investor with A=2
1) 0.13 - (0.5 ×2×0.04) = 0.0900
2) 0.114 - (0.5×2×0.0256) = 0.0884
3) 0.098 - (0.5×2×0.0144) = 0.0836
4) 0.082 - ( 0.5×2×0.0064) = 0.0756
5) 0.066 - ( 0.5×2×0.0016) = 0.0644
6) 0.050 - ( 0.5×2×0.000) = 0.0500
First is 0.0900
Second is 0.0884
Third is 0.0836
Fourth is 0.0756
Fifth is 0.0644
Sixth is 0.0500
What is Utility Function?
W-Bills R-bils Windex R-index R-portfolio α-portfolio α²-portfolio (A=2)
(A) (B) (C) D(8%+5%) AB+CD C20%
0.0 5% 1.0 13% 0.13 0.20 0.04 0.0900
0.2 5% 0.8 13% 0.114 0.16 0.0256 0.0884
0.4 5% 0.6 13% 0.098 0.12 0.0144 0.0836
0.6 5% 0.4 13% 0.082 0.08 0.0064 0.0756
0.8 5% 0.2 13% 0.066 0.04 0.0016 0.0644
1.0 5% 0.0 13% 0.050 0.00 0.0000 0.0500
Then the Utility level values of each portfolio for an investor with A is = 2
First is 0.13 - (0.5 ×2×0.04) is = 0.0900
2) Then 0.114 - (0.5×2×0.0256) is = 0.0884
3) After that 0.098 - (0.5×2×0.0144) is = 0.0836
4) Then 0.082 - ( 0.5×2×0.0064) is = 0.0756
5) Now 0.066 - ( 0.5×2×0.0016) is = 0.0644
6) Then 0.050 - ( 0.5×2×0.000) is = 0.0500
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"If a mutual fund distributes 99% of its Net Investment Income to its shareholders, how much of the Net Investment Income will be taxable?"
Answer: 1%
Explanation:
The amount that the Mutual fund will be taxed on is the 1% of Net Investment income that will be remaining. This is because the distributed income will be taxed from the shareholders and so does not need to be taxed from the mutual fund in order to avoid double taxation.
The 99% that was distributed will then be taxed based on what type of income it is i.e dividend income, capital gains etc.
During October, Kreitner Inc. transferred $73,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $76,000. The journal entries to record these transactions would include a:
Pleaze you Omitted options which i thin should be
credit to work in process of $73,000
debit to finished goods of 76,000
credit to finished goods of $73,000
credit to cost of goods sold of $76,000
Answer: credit to work in process of $73,000
Explanation:
Journal to record transfer of$73,000 from Work in Process to Finished Goods
Account title Debit Credit
Finished goods $73,000
Work in Process $73,000
Journal to record cost of goods sold from finished goods
Account title Debit Credit
Cost of goods sold $76,000.
Finished goods $76,000
On January 2, 20X4, West Co. issued 9% bonds in the amount of $500,000, which mature on January 2, 20X24. The bonds were issued for $469,500 to yield 10%. Interest is payable annually on December 31. West uses the interest method of amortizing bond discount. In its June 30, 20X4, balance sheet, what amount should West report as bonds payable?
Answer:
$470,475
Explanation:
We first calculate interest for 6 months
= 0.09 x 6/12
= 4.5%
Yield for 6 months
= 10% *6/12
= 5%
Interest at 4.5%
= 500000 x 4.5%
= 22500
Interest at 5%
= 469500 x 5%
= 23475
Amortization
= Interest expense - interest payment
= 23475 - 22500
= 975
Issue price of bond + amortization
= 469500 + 975
= $470,475
Delta Insurers typically affirms or denies claims within 120 days after it receives proof of loss statements. Which statement is correct?
Answer:
Statement A
Explanation:
The 2 statements are:
A: The firm Delta Insurers typically affirms claims within 120 days after it receives proof of loss statements
B: The firm Delta Insurers typically denies claims within 120 days after it receives proof of loss statements
The explanation for this is:
- The company is an insurance company
- An insurance company holds funds for their customers; to be released when the customer is less privileged or in a bad situation, depending on the type of insurance made
- There is car insurance, house insurance, life assurance, etcetera.
- So if the insurance company receives proof of loss statements from the customer, it will release funds to solve the customer's dire need
- In this case, it takes 120 days to verify, process and then agree (affirm) to release funds (claims) to the affected customer.
So the answer is Statement A.
If taxes are levied specifically for payment of interest and principal on long-term debt, those taxes are:
Answer:
Recognized as revenues in the debt service fund.
Explanation:
Debt Service fund is a term that is used to describes a form of cash reserve utilized in the payment of interest and principal on specific kinds of debt for a given period. For example, bond premiums are commonly imposed by state law to be moved to debt service funds.
Hence, If taxes are levied specifically for payment of interest and principal on long-term debt, those taxes are: Recognized as revenues in the debt service fund.
Which of the following would be a balanced set of measures for any given project?A. Input measures, process measures and output measuresB. Output measures onlyC. Effectiveness measures onlyD. Cycle time measures only
Answer:
A. Input measures, process measures and output measures
Explanation:
A project should have all of the following measures.
Input Measures
To ealuate the performance of the project we should measure the resource being used in the project.
Process Measure
In processing phase we should have controls over the resource to get the required output.
Output measure
We should measure the output that a process gives after processing on the resources being input in the process.