"Assuming that PDQ Corporation has annual net sales of $303,000,000 and annual cost of goods sold of $202,000,000, what is the inventory turnover ratio for PDQ Corporation?"
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
You only have $10 to spend for the week. You decide to spend $8 on a movie instead of buying an $8 pizza. a. What is the scarce resource? Why is this the scarce resource? b. What are the two potential choices you had? c. What is the opportunity cost of the choice you made?
Answer:
[See Below]
Explanation:
* The scarce resource would be 10$.
- Why? Because it's limited.
* The two choices you had were an 8$ movie or an 8$ pizza.
* The opportunity cost was 8$ and having 2$ left.
Select the components of a market analysis.
a. the consumption process of potential customers
b. the economic, physical, and technological environment
c. the organization's own capabilities
d. the capabilities of current and future competitors
e. an understanding of injurious consumption
Answer:
All of the above except option e.
Explanation:
To gain success and growth is the motto of every business, for this it is very important for a company to analyse the market properly, this shall include:
i) Knowing your customers properly, knowing the targeted audience of the product or service provided by the company.
ii) The company shall accurately analyse the environment in which it runs, this includes all the factors, physical, economical, or technological or political etc:
iii) The company shall analyse its own capabilities properly and evaluate the areas where it needs to work even more.
iv) Knowing your competitors is very important as it provides for the ongoing and upcoming challenges, a business shall face.
Fresh fish is not an effective form of money. What essential characteristic of money does fresh fish lack that most makes it ineffective
Answer:
Medium of exchange
Explanation:
Fresh fish is not an effective form of money. Fresh fish lacks medium of exchange, which makes it ineffective.
Which of the following statements is correct? Managers will be more likely to pursue projects that will benefit the entire company when being evaluated on ROI instead of residual income. A manager might reject a proposal using ROI that the manager would accept using residual income. A project that is not acceptable usi
Answer:
A.Incorrect
B. Incorrect
Explanation:
a) A manager might reject a proposal using ROI that the manager would accept using residual income
The statement is incorrect. The reverse is true. Using ROI entails the manager comparing the ROI after a project to the ROI before, where implementing a project makes the ROI after to be less than what it before the project, the Manager would most likely not implement the project. This would happen notwithstanding that the project produces positive residual income.
b) Managers will be more likely to pursue projects that will benefit the entire company when being evaluated on ROI instead of residual income.
This statement is incorrect. ROI makes the manager to pursue his own interest and that of its division at the expense of the group objectives. It leads to sub-optimal decision
When the demand for an initial public offering (IPO) of securities exceeds the number of securities issued, the offering is deemed to be:
Answer:
Oversubscribed
Explanation:
A security is oversubscribed when he demand for an initial public offering (IPO) of securities exceeds the number of securities issued.
The underwriters can increase the price of the security or increase the offer of securities
Tom elects the Life Income with 10-year Period Certain settlement option. Tom dies in year 6. The beneficiary receives payments for _______.
A. Life
B. 4 years
C. 10 years
D. 6 years
Answer:
B. 4 years
Explanation:
As per the certain life income period, the guaranteed payments for the recipient lifetime or the specified time duration whichever is more.
Now if the recipient dies before the certain period ended, so the payments would be continued to the other beneficiary unless there is an end for the certain period
So, in the given situation, the payments would be received for
= 10 years - 6 years
= 4 years
Hence, the correct option is B. 4 years
According to rankings by many people over the years what is the number one expectation that people have a job they will enjoy
Answer:doing work that makes the best use of one's abilities and creates a feeling of accomplishment
Explanation:
I'm in 9th and just took that
How well acquainted with a sport would a publicist need to be in order to do his or her job effectively?
Answer:
at the very least, understand the basics of the sport in question
Explanation:
A publicist is an individual who generates and manages publicity for a company, a brand, or a public figure. If the publicist works for a sports company/magazine they need to, at the very least, understand the basics of the sport in question such as the rules, basic terminology used, player names/states, etc. This is because they need to write articles that make sense, and since the audience reading them will be very well versed in the sport, then the information provided needs to be accurate.
To provide excellent customer service to those in the electrical industry through the use of high-tech solutions is an example of a:__________. A) work structure. B) goal C) mission D) code of conduct E) vision
Answer:
C) mission
Explanation:
The statement provided in the question is an example of the company's mission. A mission statement is a short statement explaining why an organization exists, and what it is intending to accomplish as its overall goal. Many times this statement may also include what kinds of products or services it provides, its primary customers or market, and its geographical region of operation. In this statement, they provided their overall goal, target market, and their products.
"An investor has purchased shares of an international bond fund. The fund will have inferior performance if the value of the:"
Answer:
B. U.S. Dollar increases and foreign currency decreases
Explanation:
When the foreign currency declines as compared with the dollar, so the fund of net asset value should be transformed in dollars as the little dollars are established as the each of its foreign curreny units purchased less dollars this results in cheap performance as per the U.S investor view
So here in the given case, the Dollar of U.s should rise and the foreign currency declines
. Information found on the company's income statement and balance sheet is extracted from these documents and examined more closely through the use of
Answer:
Ratio analysis
Explanation:
Financial statements are used to show the assets, liabilities, revenues, expenses, and owners equity of a business entity within a given time frame.
Income statement is revenue less expense within a given period. While the balance sheet shows the financial position of a business at a particular point, that is its assets, liabilities, and owner equity.
Information form financial statements are analysed by the use of ratio analysis to gain a better understanding of financial condition of an organisation.
Ratio analysis compares the magnitude of line items within financial statements to determine liquidity, profitability, solvency and operational efficiency of a business.
For example current ratio shows how well a business can use its current assets to settle its current liability, this is a liquidity ratio.
Answer: Ratio Analysis
Explanation;
Ratio analysis is a very important method of financial analysis that enables one to make inferences and see relationships from the data presented by a company in it's financial statements.
Most ratios are divided into 5 different types being;
ProfitabilityLiquidityActivityDebt, and MarketAn example of a Liquidity ratio would be the Current Ration which divides Current Assets by Current Liabilities to see if the company has enough liquidity to pay off current liabilities.
Suppose the economy is initially in long-run equilibrium. The Fed enacts a policy to . In the short-run, this expansionary monetary policy will cause:
Answer:
A shift from AD 1 to AD 2 and a movement to point B, with a higher price level and higher output.
Explanation:
The above is what the expansionary monetary policy of the Federal government will cause in a situation where a policy was introduced on a short-run.
when resources are purchased from outsiders through long term contracts instead of being made in house, this process is referred to as +
Answer:
Outsourcing
Explanation:
Outsourcing is a term often used in business relationships that describes a practice in which companies ensures that best candidates are employed for a particular work often contract job, without getting involved in the process of sourcing and appointing internally. It can be used for various operations such as audition works, procurement, planning strategy, etc.
Hence, in this case, the correct answer is OUTSOURCING
During Reagan’s administration, the __________ Department was given a "blank check" to purchase whatever they needed.
Answer: defense
Explanation:
During Reagan’s administration, the defense department was given a "blank check" to purchase whatever they needed.
During Reagan's administration,, he also implemented supply side economic policies and a huge tax cut as well as the rise in the expenditure on defense.
Gary Kelly, CEO of Southwest Airlines, talks to a group of reservation agents to acknowledge their contributions to the company's success.What function of management?
Answer:
leading
Explanation:
The function of management that the CEO is performing in this scenario is known as leading. This function focuses on motivating employees and influencing their behavior to achieve organizational objectives. In this scenario, the CEO of the company is motivating the employees by letting them know that they have been doing a great job and that top management is noticing their efforts which in term will cause them to perform even better with hopes that they will get bonuses or a promotion.
It is best to reduce the level of pollution _______ Group of answer choices A) until all negative externalities are internalized. B) to zero. C) as long as the benefit exceeds the cost of doing so. D) until all external costs have been eliminated.
Answer:
The correct answer is the option B: To zero.
Explanation:
To begin with, it will always be better for a country to reduce the level of pollution to zero. The economy of the country will find this point more profitable due to the fact that now the ecosystem will give better resources from the ground and with those elements the companys will produce better goods as well. Moreover, at that point there will be no need for the company to pay taxes on pollution or to even have to deal with it because there will be any
In a job order cost accounting system, the journal entry to record the flow of direct materials into production consists of a
Answer:
Debit : Work In Process Account and Credit : Raw Materials Account
Explanation:
The Work In Process Account must be increased with the cost of raw materials being transferred to production from the Raw Materials Account.Whilst the Raw Materials Account must be decreased.
f a company is to respond successfully to change, it must be able to _____ and _____, which is known as the _____ approach.
Answer: create ideas; implement ideas; ambidextrous
Explanation:
If a company is to respond successfully to change, it must be able to create ideas and then implement the ideas that have been created which is known as the ambidextrous approach.
The constant thing in every sphere of life is change and every individual and firm should always be ready when the change comes.
Lawrence is a buyer closing on a home purchase for which he's obtaining financing. He receives a Loan Estimate from his lender. What's the purpose of this document?
Answer: The purpose of this document is to detail estimated closing costs for Lawrence's loan
Explanation:
From the question, we are informed that Lawrence is a buyer closing on a home purchase for which he's obtaining financing and that he receives a loan estimate from his lender.
The function of a loan estimate is to detail estimated closing costs for the loan that Lawrence's took. With the low estimate, Lawrence will have an idea of what he'll pay
On November 1, Year 2, Smith Co. contracted to dispose of an industry segment on February 28, Year 3. Throughout Year 2, the segment had operating losses. These losses were expected to continue until the segment's disposition. Which of the following losses should be included in discontinued operations reported in Smith's Year 2 income statement?
I. Operating losses for the period January 1 to October 31, Year 1.
II. Operating losses for the period November 1 to December 31, Year 1.
III. Estimated operating losses for the period January 1 to February 28, Year 2.
a. II and III only.
b. I and II only.
c. II only.
d. I and III only.
Answer:
Choice "B" is correct. The operating losses to be included in Smith's Year 1
Explanation:
In the theory of consumer choice, when a person is choosing which good or service to consume, how does he or she select the units of good or service to consume
Explanation:
The consumer choice theory corresponds to the variables that lead a consumer to consume a product or service instead of another.
The purchase decision-making process consists of several stages where the consumer identifies a need, searches for available options to satisfy that need and finally, evaluates and chooses the most appropriate purchase option.
This decision is linked to the benefits that the consumer will have with the product in relation to his budget.
According to the capital asset pricing model (CAPM), the security market line is a straight line. The intercept of this line should be equal to
Answer: C. The risk-free rate
Explanation: According to the Capital Asset Pricing Model, the security market line is a straight line. The intercept of this line should be equal to:
A. Zero
B. The expected risk premium on the market portfolio
C. The risk-free rate
D. The expected return on the market portfolio
The intercept of the security market line (This line shows the expected rate of return of a security as a function of systematic, non-diversifiable risk (beta), in other words, it is simply the line on which all capital investments lie) is equal to the risk-free interest rate (the theoretical rate of return of an investment with no risk of financial loss) according to the Capital Asset Pricing Model (CAPM).
The line is represented graphically as a straight line with risk on its horizontal axis, which is the independent variable, and expected return on the vertical axis, which is the dependent variable. The security market line also shows that investors would want higher rates of return with increasing levels of risk taken.
Gravitational force and gravity.
Answer:
is how u fall
Explanation:
Wright Company's cash account shows a $28,900 debit balance and its bank statement shows $27,200 on deposit at the close of business on May 31. The May 31 bank statement lists $170 in bank service charges; the company has not yet recorded the cost of these services.Wright Company deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on May 31, 2013, its Cash account shows a $28,900 debit balance. The company’s May 31 bank statement shows $27,200 on deposit in the bank.a. The May 31 bank statement included a $170 debit memorandum for bank services; the company has not yet recorded the cost of these services.b. Outstanding checks as of May 31 total $6,300.c. May 31 cash receipts of $6,900 were placed in the bank’s night depository after banking hours and were not recorded on the May 31 bank statement.d. In reviewing the bank statement, a $470 check written by Smith Company was mistakenly drawn against Wright’s account.e. A debit memorandum for $460 refers to a $460 NSF check from a customer; the company has not yet recorded this NSF check.Prepare a bank reconciliation for the company using the above information.
Answer: Please find answer in the explanation column
Explanation: A bank Reconciliation statement is one that shows a record ensuring a company's bank financial records corresponds with its financial book records and adjust any discrepancies found.
Bank reconciliation for the Wright company as of May 31st
Ending balance according to Bank statement $27,200
Add:
Deposit made $6,900
Bank error $470
$34,570
Deduct:
Outstanding checks ($6,300)
Adjusted bank balance $28,270
Ending balance according to Book statement $28,900
Add:
Deduct:
Bank Service Charge ($170)
NSF check ($460)
Adjusted book balance $28,270
Rico’s Taqueria had cash inflows from operating activities of $31,000; cash outflows from investing activities of $26,000, and cash outflows from financing activities of $16,000. Calculate the net increase or decrease in cash.
Answer:
The Decrease in cash -$11,000
Explanation:
The computation of the net increase or decrease in cash is shown below:
Cash inflows from operating activities $31,000
Less:
Cash outflows from investing activities -$26,000
Cash outflows from financing activities -$16,000
The Decrease in cash -$11,000
Hence, the decrease in cash is -$11,000 as they are two cash outflows activities and one inflow activities
ou need to give the customer something that they need." This statement best reflects the beliefs of marketers during the _____ Era.
Answer: Marketing Era
Explanation:
The Marketing Era is one of the so-called eras of Marketing which defined how producers related to customers and hence try to show how marketing has changed over the years.
In the Marketing Era , the focus of producers was to give the customers items they actually needed and wanted so that instead of having to convince customers to buy goods that the company made which the customers may not have wanted, by making what the customer actually wanted, they would not have to spend so much on convincing them.
Without completing a signed agency agreement, the licensee may call herself A) a subagent. B) a facilitator. C) a designated agent. D) an agent.
Answer:
B) a facilitator
Explanation:
-A subagent is a person that acts as an agent after being assigned by a broker.
-A facilitator is an agent that has not being chosen as the client's representative.
-A designated agent is an agent that is assigned by a broker to represent a client and the other client in the transaction is represented by another agent that works with the same broker.
-An agent is a person that represents a buyer or seller in a real state transaction.
According to this, the answer is that without completing a signed agency agreement, the licensee may call herself a facilitator because she has not being designated by the client as his/her representative.
People often make decisions on the basis of a mental accounting. One facet of this accounting is making a decision based on the way a problem was posed. This is called ________.
Answer: framing
Explanation:
From the question, we are informed that people often make decisions on the basis of a mental accounting and that one facet of this accounting is making a decision based on the way a problem was posed.
The above situation is referred to as framing. The way a problem is actually leads to the way the problem will be solved.
Ace Co. issued 1,000 shares of its $10 par value common stock for $15 per share in cash. How should this transaction be reported in Ace's statement of cash flows for the year of issuance
Answer:
$15,000 cash inflow from financing activities
Explanation:
Financing operations: it records operations concerning long-term debt and equity balance of shareholders. The issuance of the shares is an inflow of cash while other redemption and dividend are an outflow of cash
Since 1,000 shares are issued at $10 par value for $15 per cash
Here we record the $15,000 as cash inflows as this represents that the capital introduced in the business and the same is to be considered