Answer:
An example of primary data that Armstrong could use in this research project is:
d. Discussions among focus groups made up of small number of gardeners led by an interviewer.
Explanation:
Primary data is directly collected by the researcher. It is the opposite of secondary data, which is data collected from primary sources and made available for use in a research. Primary data is first-hand information collected during a research project. Focusing on the discussions by gardeners will enable Armstrong to assess their perceptions about rose as a high-maintenance plant.
The following persons own Schlecht Corporation, a non-U.S.entity.
Jim, U.S. individual 35%
Gina, U.S. individual 15%
Marina, U.S. individual 8%
Pedro, U.S. individual 12%
Chee, non-U.S. individual 30%
None of the shareholders are related. Subpart F income for the tax year is $300,000. No distributions are made. Which of the following statements is correct?
a. Schlecht is not a CFC.
b. Chee includes $90,000 in gross income.
c. Marina is not a U.S. shareholder for purposes of determining whether Schlecht is a CFC.
d. Marina includes $24,000 in gross income.
Answer: Marina is not a U.S. shareholder for purposes of determining whether Schlecht is a CFC.
Explanation:
From the options given, the correct statement is that "Marina is not a U.S. shareholder for purposes of determining whether Schlecht is a CFC".
A controlled foreign corporation (CFC) refers to a corporate entity which is duly registered and then conducts business in a different country than where it was registered and where the controlling owners lives.
A controlled foreign corporation (CFC) is a foreign corporation whereby more than 50% of the total voting power is owned by the person.
By tying the salaries of top corporate managers to the price of the corporation's stock, corporations hope to avoid:
Answer:
the principal-agent problem
Explanation:
In the case when there is a tied of the top corporate managers salary with the price of the corporation stock so here the corporation should avoid the principal agent problem as it deals with the conflict with respect to the priorities that lies between the person and the representative.
So the above should be the answer
Roy Micky wants to open a new nakamal (kava bar) in port villa. He knows he is entering a highly competitive market but is determined to give it a ago as it is something his family have always wanted.
There are 96 other Nakamals in port vila that Roy will have to compete with. In addition to this, he does not have an established presence in the market. There are just 2 of his concerns. The others are required to come from you.
1) List and justify (from an operations perspective) 5 key things that he should consider in setting up his business. In answering this question, this of the different chapters that have ccomprised this course - you should get a point from each chapter. 20 marks
NB : This question is asking for 5 points of concern - each carries 4 marks.
Answer:
a) The financial return on investment
b) Demand curve, Is the demand of nakamal is rising or is constant
c) Develop a strategy to create a customer base
d) Devise marketing strategy
e) Value addition in his product and service in order to stand out of others.
Explanation:
a) The financial return on investment
b) Demand curve, Is the demand of nakamal is rising or is constant
c) Develop a strategy to create a customer base
d) Devise marketing strategy
e) Value addition in his product and service in order to stand out of others.
roles of competition policy authorities in south Africa
Answer:
I hope you understand please follow me
Salt Foods purchases forty $1,000, 7%, 10-year bonds issued by Pretzelmania, Inc., for $37,282 on January 1. The market interest rate for bonds of similar risk and maturity is 8%. Salt Foods receives interest semiannually on June 30 and December 31.
1. Record the investment in bonds.2. Record receipt of the first interest payment on June 30.
Answer and Explanation:
The journal entries are shown below;
a. Investment Dr $37,282
To Cash $37,282
(being the investment in bonds is recorded)
b.
Cash (($1,000 × $40) × 0.07 × 6 ÷ 12) $1,400
Investment $91
To interest revenue ($37,282 ×8% × 6 ÷ 12) $1,491
(Being the first interest payment is recorded)
On January 2013, Pennington Bancorp acquired $100,000 of marketable securities and classified them as Available for Sale. On March 31, 2013, Pennington prepared its 10-Q and marked the securities down to their market value of $85,000. On April 4, 2013, Pennington sold the securities for $93,000 cash. Which of the following items would be increased by the sale of the marketable securities?
a. Cash from Financing Activities
b. Net Income
c. Marketable Securities
d. Accumulated Other Comprehensive Income
e. Cash from Investing Activities
Answer:
b. Net Income
e. Cash from Investing Activities
Explanation:
Calculation to determine Which of the following items would be increased by the sale of the marketable securities
Using this formula
Gain from investment = Selling price of the security - Value of the security
Let plug in the formula
Gain from investment= $93,000 - $85,000
Gain from investment= $8,000
Based on the above calculation The sell of marketable security will INCREASE CASH which means that CASH FROM INVESTING ACTIVITIES will increase and NET INCOME will increase.
Therefore the items that would be increased by the sale of the marketable securities are :
b. Net Income
e. Cash from Investing Activities
1. A manufacturer has 750 meters of cotton and 1000 meters of polyester. Production of a sweatshirt requires 1 meter of cotton and 2 meters of polyester, while production of a shirt requires 1.5 meters of cotton and 1 meter of polyester. The sale prices of a sweatshirt and a shirt are $30 and $24, respectively. How many of each type need to be sold to maximize sales
Answer:
500 units of sweatshirt and zero unit of shirt need to be sold to maximize sales.
Explanation:
Note: See the attached excel file for the calculation of the total revenue of each type.
From the attached excel file, we have:
Highest units of sweatshirt that can be sold = 500Highest units of shirt that can be sold = 500The highest total revenue is $15,000 (in bod red color) and this occurred when 500 units of sweatshirt is sold and zero units of shirt is sold.Therefore, 500 units of sweatshirt and zero units of shirt need to be sold to maximize sales.
When workers move from one job to another it is
described as
A Job Rotation
B Job Enrichment
C Job Enlargement
D Job Simplification
Phil Morris holds an executive position at The Martin Group. Phil has improved the quality of the data gathered by the organization and has also created a model to decrease the cost of managing data while increasing the value of the data gathered. Based on this description, what position does Phil hold at The Martin Group
Answer:
chief data officer (CDO)
Explanation:
A chief data officer is a person in an organisation that uses information as an asset through various practices like analysis, data processing, data mining, or information trading.
He is responsible for data governance within an organisation.
Valuable insights that will be profitable to the organisation are made by the Chief Data Officer.
In the given instance Phil has improved the quality of the data gathered by the organization and has also created a model to decrease the cost of managing data while increasing the value of the data gathered.
Perggy's Bakes, a bakery in New Orleans that exclusively sells its confectionery products online, makes its products only when it receives an order. The bakery produces the products as per the order and delivers to the customer's homes. It does not produce any excess products. In the given scenario, the price associated with the demand and supply of the products at Perggy's Bakes reflects the _____. a. equilibrium price b. skimmed price c. grounded price d. parity price
Answer:
A)equilibrium price
Explanation:
From the question we are informed about Perggy's Bakes, a bakery in New Orleans that exclusively sells its confectionery products online, makes its products only when it receives an order. The bakery produces the products as per the order and delivers to the customer's homes. It does not produce any excess products. In the given scenario, the price associated with the demand and supply of the products at Perggy's Bakes reflects the equilibrium price. The equilibrium price can be reffered to as only price in which both desires of consumers and that of producers agree, this can be explained as a situation where by quantity demanded is been equal to quantity supplied. The theory stressed that movement of market tends toward this price, it can also be regarded as "market-clearing price"
Are executive pay levels unreasonable? Why or why not
Answer:
In my opinion, some corporate salaries for high-ranking executives are excessively high for the functions that these people have in these companies and the impact that their work has on their economy and on the well-being of society as a whole.
It is that, although we live in a capitalist, free and democratic society in which everyone has the right to earn the sum of money that their employer is willing to pay, the truth is that in certain cases (or in most cases ) Said salaries are not justified based on the contributions that said executives make in their day-to-day work.
When Elle's Espresso Bar increased its price by 10 percent, the quantity of coffee that Elle sold decreased by 40 percent.
When Elle and all her competitors cut their prices by 10 percent, the quantity of coffee sold by Elle increased by only 4 percent.
The price elasticity of demand for Elle's Espresso Bar coffee is
nothing.
Answer:
4
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
40 / 10 = 4
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases
Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.
Swifty Football Co. had a player contract with Watts that is recorded in its books at $8340000 on July 1, 2020. Blossom Football Co. had a player contract with Kurtz that is recorded in its books at $10700000 on July 1, 2020. On this date, Swifty traded Watts to Blossom for Kurtz and paid a cash difference of $1070000. The fair value of the Kurtz contract was $12600000 on the exchange date. The exchange had no commercial substance. After the exchange, the Kurtz contract should be recorded in Swifty's books at:_______.
Answer:
"$9,410,000" is the appropriate answer.
Explanation:
Given that,
Fair value,
= $12600000
Cash difference,
= $1070000
Books value before transaction,
= $8340000
Now,
The deferred gain will be:
= [tex](Fair \ value-Cash \ difference)-Books \ value \ before \ transaction[/tex]
= [tex](12600000 -1070000)-8340000[/tex]
= [tex]11530000 -8340000[/tex]
= [tex]3,190,000[/tex] ($)
hence,
The Kurtz contact value will be:
= Fair value - Deferred gain
= [tex]12600000-3190000[/tex]
= [tex]9,410,000[/tex] ($)
Expense A is a fixed cost; expense B is a variable cost. During the current year the activity level has increased, but is still within the relevant range. In terms of cost per unit of activity, we would expect that
Answer:
b) Expense B has decreased.
Explanation:
a) Expense A has remained unchanged.
b) Expense B has decreased.
c) Expense A has decreased.
d) Expense B has increased.
Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments
If production is zero or if production is a million, Mortgage payments do not change - it remains the same no matter the level of output.
Hourly wage costs and payments for production inputs are variable costs
Variable costs are costs that vary with production
If a producer decides not to produce any output, there would be no need to hire labour and thus no need to pay hourly wages.
Let assume fixed cost is 100 pounds when output is 10 units
Fixed cost per unit = fixed cost / output
100 / 10 = 10
Fixed cost per output when output increases to 20 units is
100 / 20 = 5
fixed cost per unit falls as output increases
A city government is planning to install a sewage line at a cost $10M with an estimated life of 50 years and an estimated salvage value of $2M. Assume that the line may be replaced at the same cost every 50 in perpetuity. Determine the capitalized cost if the interest rate is 9%Choose the most appropriate answer from the choices below.
A. $8.2M
B. $10.1M
C. $12M
D. None of these
Answer:
B. $10.1M
Explanation:
The capitalized cost of this investment is the present value of the cost that has just been incurred as well as the present of the replacement asset every 50 years.
The present value of cost incurred is the same as the amount incurred since it is stated in today's terms i.e $10M
The present value of replacement asset=replacement cost/50 year effective interest rate
In 50 years' time, the old sewage line would be sold for $2M and another bought of $10M, effectively replacement is $8M($10M-$2M)
the effective interest rate for 50 years=(1+9%)^50-1=7335.75%
capitalized cost of the sewage line=$10+$8/7335.75%
capitalized cost of the sewage line=$10.1M
Janitor Supply produces an industrial cleaning powder that requires 50 grams of material at $0.40 per gram and 0.15 direct labor hours at $14.00 per hour. Overhead is applied at the rate of $18 per direct labor hour. What is the total standard cost for one unit of product that would appear on a standard cost card?
a. $7.00.
b. $8.50.
c. $11.50.
d. $7.50.
e. $25.00.
Answer:
e. $25
Explanation:
Given the above information,
The first step is to calculate the cost of direct materials
Cost of direct materials = Material × Per gram rate
= 50 × $0.40
= $20
The next step is to compute the direct labor cost
Direct labor cost
= Direct labor rate × Direct labor hours
= $14 × 0.15
= $2.1
Then,
Overhead per unit cost = Overhead labor cost × labor hours
= $18 × 0.15
= $2.7
Now, add up the above costs
Total standard cost for one unit = $20 + $2.1 + $2.7
= $24.8
= $25
You're trying to save to buy a new $200,000 Ferrari. You have $45,000 today that can be invested at your bank. The bank pays 5.0 percent annual interest on its accounts. How long will it be before you have enough to buy the car
Answer:
n= 30.57 years
Explanation:
Giving the following information:
Future Value (FV)= $200,000
Present value (PV)= $45,000
Interest rate (i)= 5%
To calculate the number of years required to reach the objective, we need to use the following formula:
n= ln(FV/PV) / ln(1+i)
n= ln(200,000 / 45,000) / ln(1.05)
n= 30.57 years
You and two of your friends started a wholesale distribution business to distribute after-market products for cars and trucks. Two years ago, your business paid $220,500 for 5 acres of land for a potential new distribution center to be built in Ponca City, OK. Today, the market value of this land is $325,000. Your company has just analyzed a proposal to develop a new distribution center, and has determined that it will not be feasible to go forward with the proposed project. Therefore, your company will sell the land for potential use later.
Required:
When the proposed project was being analyzed, did the land represent a relevant cash flow?
Answer: No. The land doesn't represent a relevant cash flow.
Explanation:
When the proposed project was being analyzed, the land doesn't represent a relevant cash flow.
The land doesn't represent a relevant cash flow as it's a sunk cost and therefore not relevant. Also, in a situation whereby no project is done, then the company will keep the land which means it won't be sold, hence the current market value in this case isn't relevant.
A stock has an expected return of 11.85 percent, its beta is 1.24, and the expected return on the market is 10.2 percent. What must the risk-free rate be?
Answer:
3.325%
Explanation:
The computation of the risk free rate of return is shown below:
As we know that
Expected rate of return = risk free rate of return + beta × (market rate of return - risk free rate of return)
11.85% = Risk Free Rate + ( 10.2% - Risk Free Rate) × 1.24
11.85% = Risk Free Rate + 12.648% - 1.24 × Risk Free Rate
0.24 × Risk Free Rate = 12.648 % - 11.85%
Risk Free Rate= (12.648 % - 11.85%) ÷ 0.24
= 3.325%
Your landscaping company can lease a truck for $7,800 a year (paid at year-end) for 6 years. It can instead buy the truck for $38,000. The truck will be valueless after 6 years. The interest rate your company can earn on its funds is 7%.a. What is the present value of the cost of leasing?b. Is it cheaper to buy or lease? c. What is the present value of the cost of leasing if the lease payments are an annuity due, so the first payment comes immediately? d. Is it now cheaper to buy or lease? a) Present value of lease b) Is it cheaper to buy or lease? c) Present value of lease d) Is it now cheaper to buy or lease?
Answer:
Landscaping Company
a. The present value of the cost of leasing is:
= $37,179.01.
b. It is cheaper to lease than to buy.
c. The present value of the cost of leasing if the lease payments are an annuity due is:
= $39,781.54.
d. It is now cheaper to buy than to lease.
Explanation:
a) Data and Calculations:
Annual cost of leasing a truck = $7,800
Lease period = 6 years
Purchase cost of the truck = $38,000
Salvage value after 6 years = $0
Interest rate on company funds = 7%
N (# of periods) 6
I/Y (Interest per year) 7
PMT (Periodic Payment) 7800
FV (Future Value) 0
Results
PV = $37,179.01
Sum of all periodic payments = $46,800.00
Total Interes = $9,620.99
Present of an Annuity Due:
Results
PV = $39,781.54
Sum of all periodic payments = $46,800.00
Total Interest = $7,018.46
The College Bookstore sells a unique calculator to college students. The demand for this calculator is constant at 20 units per day. The lead time for this calculator is variable at an average of 9 days with a standard deviation of 2 days. Compute the statistical reorder point that results in a 95 percent in-stock probability. Choose the closest answer.
a. 182 units
b. 226 units
c. 246 units
d. 26 units
e. 46 units
Answer:
c. 246 units
Explanation:
Daily demand, d = 20 units
Service Level = 95 % = 0.95. Z (according to Standardized Normal Curve) = 1.65
Average Lead Time, LT-bar = 9 days
Standard deviation of Lead Time, σLT = 2 days
Reorder Point = Expected Demand during Lead time + Safety Stock
Reorder Point = d*LT-bar + z*d*σLT
Reorder Point = (20*9) + (1.65*20*2)
Reorder Point = 180 + 66
Reorder Point = 246 units
The Fun Tyme Toy Company discovers that one of its products can easily break, exposing children to potential injury from the sharp parts. Under the Consumer Product Safety Act of 1972, how long does Fun Tyme have to report this defect to the Consumer Product Safety Commission
Answer:
The Fun Tyme Toy Company
According to the Consumer Product Safety Act of 1972, Fun Tyme has 24 hours following the discovery of the defect to report it to the Consumer Product Safety Commission.
Explanation:
The purpose of creating the Consumer Product Safety Commission by Congress in 1972 is to ensure that consumers are adequately protected from unreasonable risks of injuries associated with all types of consumer products. The reasonable time to report a defect in any consumer product is within 24 hours after the discovery is made. There are penalties for failure to comply with existing regulations on consumer product safety.
The majority of the public would consider it unethical to increase executive salaries significantly while minimum wage employees struggle to pay basic bills, making Walmart’s pay decisions partly dependent on Multiple Choice social consensus. magnitude of consequences. temporal immediacy. concentration of effect. probability of effect.
Answer:
social consensus
Explanation:
Social consensus determined how much agreement should be there due to which the act i.e. proposed should become non-ethical. Also it represent the dimension of the social pressure that should be applied for gauge the moral intensity
So as per the given situation, the above should be the answer and the same should be considered
Classified stock differentiates various classes of common stock, and using it is one way companies can meet special needs such as when owners of a start-up firm need additional equity capital but don't want to relinquish voting control.A. TrueB. False
Answer: True
Explanation:
Classified stocks are referred to as the stocks of a publicly-traded company which possess different classes of stocks. Classified shares typically has some special privileges, like the dividend rights and the enhanced voting rights.
The use of classified stock allows the founders of a company to have control over the company despite not having to own the majority of the common stock. Therefore, the correct option is True.
Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April 560 May 640 June 590 July 680 The company wants to end each month with ending finished goods inventory equal to 20% of next month's forecasted sales. Finished goods inventory on April 1 is 112 units. Prepare a production budget for the months of April, May, and June.
The company wants to end each month with ending finished goods inventory equal to 20% of next month's forecasted sales. Finished goods inventory on April 1 is 112 units. Prepare a production budget for the months of April, May, and June. May June RUIZ CO. Production Budget For April, May, and June April Next month's budgeted sales (units) Ratio of inventory to future sales Budgeted ending Inventory (units) Budgeted unit sales for month Required units of available production Budgeted beginning inventory (units) Units to be produced.
Answer:
Details April May June
Unit to be produced 576 630 608
Explanation:
The production budget For April, May, and June can be prepared as follows:
Ruiz Co.
Production Budget
For April, May, and June
Details April May June
Next month's budgeted sales (A) 640 590 680
Ratio of inventory to future sales (B) 20% 20% 20%
Budgeted ending inventory (C = A * B) 128 118 136
Budgeted unit sales for month (D) 560 640 590
Req'd units of avail. production (E = C + D) 688 758 726
Budgeted beginning inventory (F) 112 128 118
Unit to be produced (G = E - F) 576 630 608
Assume that Amazon sells the MacBook Pro, a computer produced by Apple, for a retail price of $1,500. Amazon arranges its operations such that customers receive products directly from Apple Stores rather than Amazon. Customers purchase from Amazon using credit cards, and Amazon forwards cash to Apple equal to the retail price minus a $150 commission that Amazon keeps. In this arrangement, how much revenue will Amazon recognize for the sale of one MacBook Pro?
Answer: $150
Explanation:
Based on the information given in the question, the journal entry provided will be:
Debit Customer $1500
Credit Account Payable (Apple) $1350
Credit Commission income/Revenue $150
Therefore, the revenue that Amazon will recognize for the sale of one MacBook Pro is $150.
Smith Corporation has two service departments: Data Processing and Personnel. Data Processing provides more service than does Personnel. Smith Corporation also has two production departments: A and B. Data Processing costs are allocated on the basis of assets used while Personnel costs are allocated based on the number of employees. Department Direct Costs Employees Assets used Data Processing $1,000,000 15 $700,000 Personnel 300,000 8 230,000 A 500,000 12 125,000 B 330,000 20 220,000 Refer to Smith Corporation. Using the direct method, what amount of Data Processing costs is allocated to A (round to the nearest dollar)
Answer:
$474,819
Explanation:
The computation of the amount of Data Processing costs is allocated to A is shown below:
Personal Cost
= 300,000 ÷ (12+20) × 12
= $112,500
And, the Data Processing Cost is
= 1000,000 ÷ (125,000 + 220,000) × 125,000
= 362,319
So, the Total cost is $474,819
behavior of viettel's customer
Answer:
Some behaviors of viettel's customer are:-
Complex buying behavior.Dissonance-reducing buying behavior.Habitual buying behavior.Variety seeking behavior.Effects of recognizing accrued interest on financial statements LO 9-1
Bill Darby started Darby Company on January 1, Year 1. The company experienced the following events during its first year of operation:
1. Earned $1,300 of cash revenue.
2. Borrowed $2,400 cash from the bank.
3. Adjusted the accounting records to recognize accrued interest expense on the bank note. The note, issued on September 1, Year 1, had a one-year term and an 10 percent annual interest rate.
Required:
a. What is the amount of interest payable at December 31, Year 12?
b. What is the amount of interest expense in Year?
c. What is the amount of interest paid in Year?
d. Use a horizontal statements model to show how each event affects the balance sheet income statement, and statement of cash flows.
Answer:
Darby Company
a. The amount of the interest payable at December 31, Year 1 is $80.
b. The amount of the interest expense in Year 1 is $80.
c. The amount of interest paid in Year 1 is $0.
d. Horizontal Statements Model:
Balance Sheet Income Statement Statement of
Cash Flows
Assets = Liabilities + Equity Income = Revenue - Expenses
1. +$1,300 = 0 + $1,300 $1,300 = $1,300 OA cash inflow
2. +$2,400 = $2,400+ 0 FA cash inflow
3. 0 = $80 + ($80) ($80) = 0 - ($80) None
$3,700 = $2,480 + $1,220 $1,220 = $1,300 - $80
Explanation:
a) Data and Calculations:
1. Cash $1,300 Revenue $1,300
2. Cash$2,400 10% Bank Note Payable $2,400
3. Interest Expense $80 Interest Payable $80 )$2,400 * 10% * 4/12)
What is Walmart's Times Interest Earned Ratio for the year of 2018 (round it to 3 numbers after the decimal point -> 0.581)
Answer:
17.10 times
Explanation:
Complete word "Walmart's reported the following amounts on its 2018 income statement E(Click the icon to view the amounts.) What is Walmart's times-interest-earned ratio for 2018? (Round to two decimals.) Times-interest-earned ratio X Data Table Year Ended December 31, 2018 42,000 Net income 6,300 Income tax expense 3,000 Interest expense Print Done"
EBIT = Net Income + Interest expenses + Income tax expense
EBIT = $42,000 + $3,000 + $6,300
EBIT = $51,300
Times Interest Earned Ratio = EBIT / Interest Expenses
Times Interest Earned Ratio = $51,300 / $3,000
Times Interest Earned Ratio = 17.10 times.
