Answer:
2Explanation:
The inventory turnover ratio is defined as the ratio of the cost of goods sold to the average inventory.
Average Inventory = annual net sales - annual cost of goods sold
Average Inventory = $303,000,000 - $202,000,000
Average Inventory = $101,000,000
Given cost of goods sold = $202,000,000
Inventory turnover ratio = cost of good sold/average inventory
Inventory turnover ratio = $202,000,000/$101,000,000
Inventory turnover ratio = 202/101
Inventory turnover ratio = 2
Hence the inventory turnover ratio for PDQ Corporation is 2
A salesperson makes a large sale for which she is entitled to a commission. To avoid making the payment, the employer terminates the employee. The legal claim that best applies to this termination is:
Answer:
breach of the covenant of good faith and fair dealing
Creating
public awareness about goods
produced by a company
responsibility of which
department?
A. Mechanical.
B. Marketing.
C. Personnel.
D. Production.
E. Administrative.
Answer:
I think production
hope it helps
Why would variables like the job market or financial planning influence a person’s career choice?
Answer:
Job market and financial are main important factors that influence career choices of a person. There are another several factors that influences such as distance, environment, social and psychological life etc.
Explanation:
When a person start his carrier, he thinks about several factors that effects their carrier choices. There are different factors such as job description, , the skills that essentially required, salary, etc. But there are also another factor that affect the career choice of a person.
These factors are as:
Different roles in lifeWhat is personality of a person and their interest areaIn which field, an individual have an experience.What is their cultural backgroundThe environment of the organization. The economic and social life of the person.What is expectation of salaryThese are the factors that are important to influence the career plan of a person. If a person criteria do not match his expectation related salary, then it will influences their career choices. The distance from home does matter for career choices.
Answer:
The job market and finances are the two most essential aspects that impact a person's career choices. Other aspects that have an impact include distance, environment, social and psychological life, and so on.
Explanation:
Correct on both edge, and edmentum
Type the correct answer in the box. Spell the word correctly. Which economic condition is described? Brenda's community is suffering as the primary employer has shut down and all workers were laid off. In addition, the price level has increased significantly. This economic condition is known as
Answer:
stagflation
Explanation:
Stagflation is a combination of high unemployment plus high inflation and economic recession. This is the worst possible scenario that an economy can face, it is basically a "perfect storm" that destroys everything.
Since the primary employer shut down, unemployment rose. The price level has increased significantly = high inflation. As a combination of both, economic recession will hit the community.what effect will a low economic growth have on the country
Answer:
it can lead to national poverty and economy crisis
Chavin Company had the following results during August: net operating income, $350,000; turnover, 2; and return on investment (ROI) 24%. Chavin Company's average operating assets were:
Answer:
$1,458,333.33
Explanation:
Chavin company has a net operating income of $350,000
The turnover is 2
The return on investment is 24%
= 24/100
= 0.24
Therefore, the average operating assets can be calculated as follows
ROI= Net operating income/Average assets
0.24= $350,000/average assets
Average assets= $350,000/0.24
= $1,458,333.33
Hence the Chavin's company average operating assets were $1,458,333.33
An investment adviser representative of a Federal Covered adviser with no office in the state only has non-institutional clients. Where must the investment adviser representative register
Complete Question:
An investment adviser representative of a Federal Covered adviser with no office in the state only has non-institutional clients. Where must the investment adviser representative register?
Group of answer choices
A. SEC
B. State
C. Both the SEC and the State
D. Neither the SEC nor the State
Answer:
B. State.
Explanation:
In this scenario, an investment adviser representative of a Federal Covered adviser with no office in the state only has non-institutional clients. The investment adviser representative must register with the state.
A representative of a Federal Covered adviser is only required to register with the state in which he or she is operating.
However, for the investment adviser, they're expected or required by law to register with the Securities and Exchange Commission (SEC) since they're having no office in the state.
If ABC Title Insurance Company wants to get in the business of handling escrows what licenses would it have to obtain?
A) A title company does not need to obtain a special license to handle escrows.
B) A title company is not permitted to handle escrows in any capacity.
C) If the title company has been in business for a minimum of 5 years, it may handle escrows without a special license.
D) If the title company has been in business for a minimum of 10 years, with annual audits for review by the State of California, it does not need to be specially licensed to handle escrows in California.
Answer:
The correct option is;
A) A title company does not need to obtain a special license to handle escrows
Explanation:
Escrow is a legal tool of finance that enable two parties in a transaction that is in the process of being completed to place asset or escrow money in the possession of a third party on their behalf for the purpose of the transaction
Items that can be held in escrow accounts includes money, securities, and other forms of assets
A provider of escrow services must be licensed in some states. Bodies that do not need to be licensed in order to perform escrow services includes attorneys of persons involved in a real estate transaction, commercial banks, trust companies, savings and loans or insurance companies, title companies as well as brokers mandated to perform escrow service for their client who are into real estate.
The City of Grand Rapids installed a new water main on Oak Street. The city then decided to charge the property owners along Oak Street a proportional cost of the new water main. If a property owner refuses to pay their proportional share of the cost, the city may file:______.a) property tax lien.
b) assessment lien.
c) general lien.
d) mechanics' lien.
Answer:
b) assessment lien.
Explanation:
In this scenario, The City of Grand Rapids installed a new water main on Oak Street. The city then decided to charge the property owners along Oak Street a proportional cost of the new water main. If a property owner refuses to pay their proportional share of the cost, the city may file assessment lien.
Assessment lien can be defined as a hold or a legal claim on a property being owed by another, while benefiting from an improvement or modification made and shall be deducted from the client for the improvements made by a municipal owner.
You are doing a sales presentation for Ms. Duarte and her son. Ms. Duarte has some cognitive impairment and her son informs you that he has power of attorney to only make financial not health care decisions for her. Can he execute the enrollment for her?
Answer:
Yes he can execute the enrollment for her
Explanation:
The power of attorney is a legal document that given the authority to act in place on another person. It can be represented on behalf of other people so that the act could be done.
Here the individual can act legal with respect to the financial issue, property matters, etc
Therefore according to the given situation yes he can be executed
Answer: No, he cannot execute the enrollment for her. He must have a legal authorization, under state law that explicitly allows him to make health care decisions for his mother.
Explanation:
For the three statements below, assert whether they are true or false. Any sort of uncertainty or anything that breaks the statement implies that you should choose false. Explain your answer. a. The only way that the Fed can affect the level of borrowed reserves is by adjusting the discount rate. b. The federal funds rate can never be above the discount rate. c. The federal funds rate can never be below the interest rate paid on reserves.
Answer: False; True; True.
Explanation:
a. The only way that the Fed can affect the level of borrowed reserves is by adjusting the discount rate.
False. This is not true as the Fed can't control the borrowed reserves volume even though it is possible to encourage or discourage them to borrow reserves when the discount rate is altered.
b. The federal funds rate can never be above the discount rate.
True. The federal funds rate can never be above the discount rate
c. The federal funds rate can never be below the interest rate paid on reserves.
True. It is also true that the federal funds rate can never be below the interest rate paid on reserves.
A carton of eggs broke onto the floor in the dairy section, making the floor slippery. Little Johnny slipped, fell, and hit his head on the floor, causing a cut and mild concussion. The grocery store incurs___________liability for his injuries.
a) premises.
b) operational.
c) professional.
d) product.
Answer:
premises
Explanation:
The grocery store incurs premises liability for his injuries. This form of liability is a legal concept that has to do with personal injuries that have been caused by some form of unsafe or defective conditions on someone's property, usually due to negligence. This is exactly what happened in this scenario since it was negligent of the store to not have cleaned up the mess made by the broken eggs which ultimately caused Johnny to fall.
From the information given, the grocery store incurs premises liability for his injuries.
Premises liabilityIt should be noted that premise liability comes into play in personal injury cases when an injury is caused by some type of unsafe condition on someone's property.
Since the carton of eggs broke onto the floor in the dairy section, making the floor slippery, the grocery store incurs premises liability for his injuries.
Learn more about liability on:
https://brainly.com/question/25687338
Liu files a suit against Macro Sales, Inc., in a New Jersey state court based on a Web site through which New Jersey residents can do business with Macro. The court will most likely exercise jurisdiction over Macro if the interactivity of the site is seen as
Answer:
A substantial enough connection with the state.
Explanation:
Since in the question it is mentioned that the Liu filed a suit for Macro sales in a state court that depends upon a website in order to do a business between the New jersey residents and macro. The court also exercise the jurisdication above Macro as if the site interactivity i.e output is depend upon the inputs done seen as sufficient connection with the state
The same is to be considered
Spielberg Inc. signed a $200,000 noninterest-bearing note due in five years from a production company eager to do business. Comparable borrowings have carried an 11% interest rate. What is the value of this debt at its inception
Answer:
$118,690.27
Explanation:
The value of the non-interest-bearing note at the inception is the present value of the amount receivable in 5 years using the comparable borrowing rate as the discount rate as computed thus:
PV=FV/(1+r)^n
PV is the value of debt at inception which is unknown
FV is the value of the debt after 5 years which is $200,000
r is the comparable borrowing rate of 11%
n is the number of years before the debt matures i.e 5 years
PV=200,000/(1+11%)^5
PV=$118,690.27
Use the following selected 2016 balance sheet and income statement information for Home Garden Supply Co. (in millions) to compute asset turnover (AT) to the nearest hundredth of a percent.
Net income Gross profit on sales Average total assets Sales Tax rate on operating profit
$69,960 $700,400 $360,600 $1,356,504 35%
Select one:
a. 5.16%
b. 9.99%
c. 51.63%
d. 33.56%
Answer:
3.76 times
Explanation:
The computation of the asset turnover is shown below:
Asset turnover = Net sales ÷ Average total assets
= $1,356,504 ÷ $360,600
= 3.76 times
By dividing the net sales from the average total assets, the asset turnover could arrive i.e 3.76 times
This is the answer but the same is not provided in the given options
"On July 8, 2010, LeBron James, a star in the National Basketball Association, announced that he was going to sign with the Miami Heat. The Heat was not the team that was willing to pay the most for LeBron's services, but it acquired him anyway. This is a violation of:"
Answer:
Allocative Efficiency
Explanation:
Allocative efficiency takes place when the consumer's preference towards a particular good is the most which are measured by their willingness to pay to get it. This leads to achieving the optimum distribution.
In the given scenario, allocative efficiency is violated as Miami Heat is going to sign their desired product i.e. LeBron James who is a star player but they were not willing to pay the maximum to get him and rather got him anyway. Thus, the optimal distribution is not achieved.
"An offer of IPO shares made to an officer of a publicly held company is considered to be spinning if the publicly held company is:"
Answer: an investment banking client of the broker-dealer
Explanation: An offer of Initial Public Offering (IPO) shares made to an officer of a publicly held company is considered to be spinning if the publicly held company is an investment banking client of the broker-dealer.
Spinning considered both illegal and unethical defines the act of offering preferred customers shares in an IPO by a brokerage firm or underwriter in order to keep or obtain their business, thus benefiting both parties as it gives the firms and underwriters an opportunity to keep the business favorable and also making huge gains, while the preferred customers profit by investing in hot IPO shares of stock. If detected, it could lead to heavy fines for these business and/customers.
Shawnee Motors Inc. assembles and sells MP3 players. The company began operations on August 1 and operated at 100% of capacity during the first month. The following data summarize the results for August:
Sales (19,500 units) $2,535,000
Production costs (25,000 units):
Direct materials $1,202,500
Direct labor 577,500
Variable factory overhead 287,500
Fixed factory overhead 192,500 2,260,000
Selling and administrative expenses:
Variable selling and administrative expenses $350,300
Fixed selling and administrative expenses 135,600 485,900
If required, round interim per-unit calculations to the nearest cent.
Required:
a. Prepare an income statement according to the absorption costing concept.
b. Prepare an income statement according to the variable costing concept.
Answer:
a.Income statement according to the absorption costing concept.
Sales (19,500 units) $2,535,000
Less Cost of Goods Sold
Opening Stock $0
Add Cost of Goods Manufactured $2,260,000
Less Closing Stock ($497,200) ($1,762,800)
Gross Profit $772,200
Less Expenses :
Variable selling and administrative expenses ($350,300 )
Fixed selling and administrative expenses ($135,600)
Net Income / Loss $286,300
b.Income statement according to the variable costing concept.
Sales (19,500 units) $2,535,000
Less Cost of Goods Sold
Opening Stock $0
Add Cost of Goods Manufactured $2,067,500
Less Closing Stock ($454,850) ($1,612,650)
Contribution $922,350
Less Expenses :
Fixed factory overhead ($192,500)
Variable selling and administrative expenses ($350,300 )
Fixed selling and administrative expenses ($135,600)
Net Income / Loss $244,100
Explanation:
Absorption Costing
Cost of Goods Manufactured - Absorption Costing
Direct materials $1,202,500
Direct labor $577,500
Variable factory overhead $287,500
Fixed factory overhead $192,500
Total $2,260,000
Inventory = (25,000 - 19,500) / 25,000 × $2,260,000
= $497,200
Variable Costing
Cost of Goods Manufactured - Variable Costing
Direct materials $1,202,500
Direct labor $577,500
Variable factory overhead $287,500
Total $2,067,500
Inventory = (25,000 - 19,500) / 25,000 × $2,067,500
= $454,850
The risk associated with the unlikelihood that one of the key members will be struck by lightning would most likely be handled by which of the following?
A) Mitigating
B) Retaining
C) Ignoring
D) Transferring
E) Avoiding
Answer:
B) Retaining
Explanation:
The risk retaining refers to the risk in which the company takes the decision that represents the responsibility for some specific risk i.e. opposed to the risk transfer over and above to the insurance company
Here the risk retain is adopted when the doing cost is less than the fully or partially cost
In the given situation, since it is mentioned that the risk is attached with the unlikelihood and struck from lighting so this is to be handled by retaining
hence, the correct option is B. Retaining
Marigold Corp. sells its product for $80 per unit. During 2019, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs per unit are: direct materials $20, direct labor $12, and variable overhead $1. Fixed costs are: $720000 manufacturing overhead, and $90000 selling and administrative expenses. The per unit manufacturing cost under variable costing is:_____.a. $32. b. $33. c. $47. d. $45.
Answer:
Unitary production cost= $33
Explanation:
Giving the following information:
Costs per unit are:
direct materials $20
direct labor $12
variable overhead $1
The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).
Unitary production cost= 20 + 12 + 1
Unitary production cost= $33
You have $400,000 saved for retirement. Your account earns 7% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 25 years?
Answer:
$2,827.11
Explanation:
For computing the monthly payment, we need to use the PMT formula i.e. to be shown in the attachment
Given that
Present value = $400,000
Future value or Face value = $0
RATE = 7% ÷ 12 months = 0.58333%
NPER = 25 years × 12 months = 300 months
The formula is shown below:
= PMT(RATE;NPER;-PV;FV;type)
The present value come in negative
So, after applying the above formula, the monthly payment is $2,827.11
Finance professionals make decisions that fall into three distinctive areas: corporate finance, capital markets, and investments. Below is a set of decisions made by finance professionals. Categorize the decisions according to the area of finance to which they belong.
a. Managers at a bank need to decide on the interest rate that they must charge for the loans that they make to their prime customers.
b. William must make a decision on how to cut costs so that his company can generate extra cash flow to acquire assets.
c. As a technical trader, you will be analyzing investor psychology and making investment decisions based on how investors behave during certain situations.
Answer:
The correct categories are;
a. Managers at a bank need to decide on the interest rate that they must charge for the loans that they make to their prime customers- Capital markets
b. William must make a decision on how to cut costs so that his company can generate extra cash flow to acquire assets - Corporate finance
c. As a technical trader, you will be analyzing investor psychology and making investment decisions based on how investors behave during certain situations - Investments
Explanation:
a. Capital market is a system of financing that has to do with the putting up of capital by means including the buying ad selling of long term depth and securities
b. Corporate finance is the financial division concerned with the manner of handling of funding sources of the corporation
c. Investment involves ideas relating allocating funds for a purpose or for a project
An agreement between a principal and an agent by which the agent is vested with authority to represent the principal is known as a ________
Answer:
Contract of agency
Explanation:
The contract of agency refers to a legal contract in which the two party relationship existed, the one party would be acted as a representative for the other person who is dealing in a business to establish a contractual relationship between the other person and with the third person
Therefore the given situation is known as the contract of agency and hence the same is to be considered
A nonprobability sampling technique in which an initial group of respondents is selected and subsequent respondents are selected based on the referrals or information provided by the initial respondents is called:________
Answer: snowball sampling
Explanation:
Snowball sampling is a nonprobability sampling technique in which an initial group of respondents is selected and subsequent respondents are selected based on the referrals or information provided by the initial respondents.
It should be noted that in snowball sampling, after the respondents have been interviewed, theywould be told asked to help identify other people
that also belong to the target population.
Environmental scanning is the act of analyzing the critical external contingencies facing an organization in terms of:
Answer:
Economic conditions, competitors, and customers.
Explanation:
Environmental scanning is the act of analyzing the critical external contingencies facing an organization in terms of economic conditions, competitors, and customers.
Environmental scanning is a management strategy that focuses on systematically acquiring informations about occasions, trends, events or patterns through surveys and analysis of these information in an organisation's external and internal environment. The informations acquired through environmental scanning is then used by the executive management in strategically planning the organisation's future and exploitation of available opportunities for the success of the organization.
The internal environmental scanning offers an organization strength and weakness while the external environmental scanning provides information about opportunities and threats.
Generally, the external environmental scanning gives an overview of the opportunities in the market as well as potential threats to an organization.
Texas ranks _________ in terms of state spending per capita, and it ranks _________ in terms of how much money it gets from the federal government per capita.
Answer:
Low, high
Explanation:
Texas ranks low in terms of state spending per capita, and it ranks high in terms of how much money it gets from the federal government per capita.
Texas has for long been a low-spending state, often at the expense of some of the most necessary services. The two greatest areas of spending at the state level are public education and health and human services, which together sum up more than half of the state’s All-Funds and General Revenue budgets. Yet, Texas ranks near the bottom in education spending per student and health care spending per patient.
________ is the movement to protect the valid interests of consumers and is a major force in small business today.
The period of delinquency allowed before a lender begins foreclosure proceedings is determined by statute. the secondary mortgage market. investors. the lender.
Answer: The lender
Explanation: Foreclosure proceeding involves the steps a lender takes in the process of seizing or selling a property in a bid to recover the payment or amount owed by a loan defaulter. The foreclosure proceeding involves different processes and will only begin when the mortgage is delinquent. Delinquency due to failure to make an agreed payment on a mortgage. This period is usually determined by the lender and the foreclosure proceeding will begin if the payment is not made before the period.
You want to have $47,000 in your savings account 9 years from now, and you're prepared to make equal annual deposits into the account at the end of each year. If the account pays 7.1 percent interest, what amount must you deposit each year?
Answer:
Amount to be deposited each year = $3,907.58
Explanation:
The equal annual deposit can be worked out using the future value of an ordinary annuity formula. An an annuity is a series of equal cash flows receivable for certain number years.
Future Value of an ordinary annuity (FVOA). The represents the total sum of that would accrue where a series of annual cash flow (each occurring at the end of the year) is compounded at a particular rate. It can be determined as:
A=FV ÷( (1+r)^n - 1)/r).
FV- Future value
A- annual cash flow
R- rate of interest
n-number of years
The first cash flow does earn interest in the first year because it occurs at the end of the year
( (1+r)^n - 1)/r)= (1.071^9 - 1)/0.071=12.028
FV- 47,000
A= 47,000/12.028 = 3907.58
A-$3,907.58
Amount to be deposited each year = $3,907.58
Wassup Mrs. Lorenzo?
How is your day going? Mine is going great. I am sitting here in art class and am supposed to be working on a project, but I don't really want to. In fact, I don't really want to be in school. I hate school. My mom makes me go because she says classes like English are "important.” I'm all like "whatevs mom.” English is stoopid. Video games are where it’s at.
Anyway, I was looking online
and it looks like you messed up my grade. You need to change it back immediately or I will get in trouble. Can you explain this. Take care of this asap. Please and thx
can one of y’all help
me rewrite this
Answer:
Explanation:
before I write it, I don't really know how formal you want this to be....but here's a formal one?
Dear Mrs Lorenzo,
I hope you're having a great day. I am currently in Art class and I should be working on a project, but I don't really want to. In fact, I don't really want to be in school because I don't enjoy it at all. My mother makes me go because classes such as English are "important", but I don't really agree. I don't see the point of English. I would much rather be playing video games.
I was looking online, and i realised that there seems to be an error with my grade. Could you please explain what has happened and correct it? Thank you very much.
Yours sincerely,
whatever your name is
I'm guessing that would be formal enough if it was a school teacher, but I'm surprised you're putting all of this "i hate school" stuff in a letter to your teacher? But hey, if only I could be that frank with my teachers lol
Hope this helped - stay strong through school lol it'll be over one day
Answer:
Explanation:
Dear Mrs Lorenzo,
I hope this letter finds you well. I am currently in Art class and I should be working on a project, but I don't really want to. In fact, I don't really want to be in school because I don't enjoy it at all. My mother makes me go because classes such as English are "important", but I don't really agree. I don't see the point of English. I would much rather be playing video games.
I was looking online, and i realised that there seems to be an error with my grade. Could you please explain what has happened and correct it? Thank you very much.
P.S your my favorite teacher dont tell the others