Answer:
$1,500
Explanation:
Since the season lasts 4 months, the membership fees must be recognized over the whole 4 month period, that means that the club must recognize $100 / 4 = $25 per month per membership sold.
The company sold 60 season memberships, so it must recognize 60 x $25 = $1,500 in revenues.
As the Chief Marketing Office (CMO) for a $100 million product company you need to lead the development of marketing plan for the company for the upcoming fiscal year.
Required:
a. What are the key success factors for the marketing plan process for the company?
b. Briefly describe the key elements of a strategic marketing plan.
Answer:
b
Explanation:
describe the elements of a strategic marketing plan
How would empowering employees help deliver quality service?
Answer:
as empowering employees gives freedom and motivates them it would increase productivity and more output would be delivered
How is owner’s equity affected when cash is received from sales?
Answer:
Owner's Equity goes up
Explanation:
In the case when there is a cash received from sales, so the journal entry would be
Cash Dr
To Sales revenue
(Being cash received is recorded)
Here cash is debited as it increased the assets, and the sales revenue is credited as it increased the revenue
since the revenue is increased so the equity is also increased as the expense and revenue is the part of an equity
Therefore the owner equity is increased
You are the CFO of Rock Inc, a young start-up. The company has not generated positive cash flows for the past three years and you estimate that it will take at least another 2 years for the company to become cash flow positive. To fund the next phase of growth, what should be a better source of capital, debt or equity? Why?
Answer:
Equity
Explanation:
The choice should be very straight forward, the company doesn't generate enough cash, and if it takes debt, it will not be able to pay it back. The only choice for raising capital is through issuing equity.
This is something normal for many startups, e.g. FB, Amazon, Google, etc., all got financed through equity for several years before being able to issue debt. Of course debt is cheaper than equity, but it also poses a risk for the company.
Question 4 of 10
Phillip wanted to open a high end Italian restaurant. Based on the law of
supply and demand, which is the best place for him to open such a
restaurant?
O
A. In an area where there are no high end Italian restaurants
B. As close to his hometown as possible
O
C. Wherever the cost of leasing space is lowest
D. In an area where there are lots of Italian restaurants
SUBMIT
Answer: A. in an area where there are no high end italian restaurants.
Explanation: just took the quiz!
The correct option is A. Based on the law of supply and demand, the best place for him to open such a restaurant is an area where there are no high-end Italian restaurants.
What are demand and supply in business?Demand is the quantity of a product that consumers are willing to purchase at various price points. The quantity of a product that firms are willing to sell at various prices is known as the supply. Markets come in a wide variety of forms.
The link between supply and demand is crucial because it helps to establish the costs and availability of the majority of goods and services in a given market. The interplay between supply and demand eventually balances out in accordance with the tenets of a market economy.
Thus, the ideal selection is A.
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If the price level increases by 0.2 percent for every $100 billion increase in the money supply, by how much might prices rise if the Fed increases total reserves by $150 billion and the reserve requirement is 0.1?
Answer:
3%
Explanation:
Increase in money supply ($ billion) = Increase in reserves / Reserve ratio
Increase in money supply ($ billion) = 150 / 0.1
Increase in money supply ($ billion) = 1,500
Increase in price level = (Increase in money supply / 100) * 0.2
Increase in price level = (1,500/100) * 0.2
Increase in price level = 3%
The financial statements of Georgi Manufacturing Company report net sales of $595,000and accounts receivable of $80,000 and $60,000 at the beginning and end of the year,respectively. What is the average collection period for accounts receivable in days?
Answer:
43 days
Explanation:
The first step is to calculate the account receivable turnover
= $595,000/($80,000+$60,000)/2
= 595,000/140,000/2
= 595,000/70,000
= 8.5
Therefore the average collection period can be calculated as follows
= 365 /8.5
= 42.9
= 43 days
Various studies indicate that cost savings from a TMS helps an organization reduce freight costs by:____
Answer:
6 - 10%
Explanation:
The full form of a TMS system is Transportation management system. It is majorly used in supply chain system in large organizations. It is considered to be one of the major technologies that is used in the supply chain management.
It is a logistic platform which used the technology to execute business plan and optimize the movements of incoming and outgoing of the goods and materials to make the shipment process more efficient and smooth.
In various studies made, it has been indicated or determined that a TMS system helps the organization to reduce the freight cost by 6 - 10 percent.
The Up and Coming Corporation's common stock has a beta of 0.9. If the risk-free rate is 4 percent and the expected return on the market is 15 percent, what is the company's cost of equity capital? (Do not round your intermediate calculations.)
a) 13.2%
b) 14.46%
c) 17.5%
d) 14.59%
e) 13.9%
Answer:
r = 0.139 or 13.9%
Option e is the correct answer
Explanation:
Using the CAPM, we can calculate the required/expected rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.
The formula for required rate of return under CAPM is,
r = rRF + Beta * (rM - rRF)
Where,
rRF is the risk free rate rM is the market return
r = 0.04 + 0.9 * (0.15 - 0.04)
r = 0.139 or 13.9%
Kenny Electric Company's noncallable bonds were issued several years ago and now have 20 years to maturity. These bonds have a 9.25% annual coupon, paid semiannually, sells at a price of $1,075, and has a par value of $1,000. If the firm's tax rate is 25%, what is the component cost of debt for use in the WACC calculation
Answer:
6.35%
Explanation:
Let us as a matter of preference determine the pretax cost of debt using the financial calculator approach as set out below:
N=40 (number of semiannual coupons in 20 years=20*2)
PMT=46.25 (semiannual coupon=face value*coupon rate*6/12=$1000*9.25%*6/12=$46.25 )
PV=-1075( current market price)
FV=1000( face value)
Lastly, enter CPT I/Y=4.23% (semiannual yield)
annual yield=pretax cost of debt=4.23% *2=8.46%
The after-tax cost of debt=8.46% *(1-25%)=6.35%
The after-tax cost of debt for use in WACC calculation=6.35%
Ellen supports her family as a self-employed attorney. She reports $90,000 of income on her Schedule C and pays $8,000 for health insurance for her family, $2,500 for dental insurance, $4,000 for health insurance for her 23-year-old daughter who is no longer a dependent, and $3,000 for disability insurance for herself. What is Ellen's self-employed health insurance deduction?
a. $8,000
b. $10,500
c. $12,000
d. $14,500
e. $13,500
Answer:
Option D
Explanation:
You can deduct the disability insurance in order to calculate the self employed health insurance deduction
Health insurance deductions will include health insurance for her family, dental insurance and health insurance for her 23-year-old daughter.
Deductions = $8,000 + $2,500 + $4,000
Deductions = $14,500
Beginning inventory cost $2,000. The factory put $10,000 worth of direct materials into production and spent $5,000 on direct labor and another $4,000 on overhead. At the end of the year, you counted $3,000 worth of ending inventory. What is the cost of goods manufactured?
Answer:
$18,000
Explanation:
Beginning inventory is $2000
Purchased during inventory is $10,000+$5,000+$4,000= $19,000
Ending inventory is $3000
Therefore the cost of goods manufactured can be calculated as follows.
= $2,000+$19,000-$3,000
= $21,000-$3,000
= $18,000
Hence the cost of goods manufactured is $18,000
From what you know of the company so far, what will be among the variousconstituencies that the CSIRT will serve
Answer:
The definition is defined throughout the clarification subsection below and according to the condition given.
Explanation:
It offers resources that let staff address data security knowledge as well as assistance for mitigation as well as cybersecurity management through the whole enterprise. It offers 7 reactions and concerted initiative in the treatment of accidents. The formation including its institution will influence the IT department and perhaps other departments that use its structures.What is the effect of the write-off of uncollectible accounts (using the Allowance Method) on:
a. Net Income
b. Net Accounts Receivable
Answer:
a. Decreases the net income
b. Decreases the Net account receivable balance
Explanation:
To write off the uncollectible account we pass the following journal entry
Dr. Allowance for doubtful accounts $x,xxx
Cr. Accounts receivables $x,xxx
The above entry has the following impacts.
a.
It decreases the net income value as the Allowance for uncollectible account balance reduces as a result. At the end of the period the adjustment of Allowance uncollectible accounts of increases which is recorded as below
Dr. Bad Debt Expense $x,xxx
Cr. Allowance for uncollectible accounts $x,xxx
b.
It decreases the accounts receivable balance as we credit the account receivable balance to remove the outstanding balance of uncollectible accounts.
What should every potential investor secure first before starting an investment plan?
Before you make any decision, consider these areas of importance:
Draw a personal financial roadmap. ...
Evaluate your comfort zone in taking on risk. ...
Consider an appropriate mix of investments. ...
Be careful if investing heavily in shares of employer's stock or any individual stock. ...
Create and maintain an emergency fund etc.
The American Opportunity tax credit:_____. A. is 50% of the first $1,200 of tuition and fees paid and 100% of the next $1,200. B. Is available for 2 years of post-secondary education. C. Is available for qualifying expenses paid on behalf of the taxpayer and his or her spouse, in addition to those paid for dependents. D. Is fully refundable even if the credit exceeds the tax liability.
Answer:
C. Is available for qualifying expenses paid on behalf of the taxpayer and his or her spouse, in addition to those paid for dependents
Explanation:
American Opportunity tax credit was called the HOPE credit. It is available for the first four years of an individual's post secondary school education.
It covers 100% of the first $2,000 cost for tuition, fees, books, and course material.
Items that do not qualify are room and board, transportation cost and personal expenses.
The tax credit is available for qualifying expenses paid on behalf of the taxpayer and his or her spouse, in addition to those paid for dependents.
Item11 Item 11Item 11 Schister Systems uses the following data in its Cost-Volume-Profit analyses: Total Sales $ 390,000 Variable expenses 214,500 Contribution margin 175,500 Fixed expenses 118,000 Net operating income $ 57,500 What is total contribution margin if sales volume increases by 40%
Answer:
the total contribution margin is $245,700
Explanation:
The computation of the total contribution margin in the case when the sales volume rise by 40% is shown below:
Since the sales volume is rise so the contribution margin is also rise by 40%
Therefore the total contribution margin would be
= Contribution margin × (1 + increased percentage)
= $175,500 × (1 + 0.40)
= $175,500 × 1.40
= $245,700
Hence, the total contribution margin is $245,700
Suppose a local hardware store turns over its inventory of power pools 6.0 times per year If the hardware store has an average inventory of 120 power tools, what is its average daily sales rate for power tools?
Answer: 2 power tools
Explanation:
Given the variables, Little's formula can be used to solve this.
Inventory turnover = Annual Sales / Average inventory
First find annual sales;
6 = Annual sales / 120
Annual sales = 6 * 120
Annual sales = 720 power tools.
Average daily sales assuming 360 days;
= 720/360
= 2 power tools
Which is “harder” on a car, highway miles or city miles? Why?
Companies amortize the cost of a patent over its:________
a. legal life or its useful life, whichever is longer.
b. legal life or its useful life, whichever is shorter.
c. useful life.
d. legal life g.
Answer:
c. useful life.
Explanation:
In the case of the patent, the cost price of the patent could be amortized over its useful life but that should not be more than its legal life. The legal life is 20 years
Therefore as per the given situation, the option c is correct as the cost of the patent could be amortized by the company over its useful life
Therefore the same is to be considered
hence, all other options are incorrect
How much should you pay for a $1,000 bond with 10% coupon, annual payments, and 5 years to maturity if the interest rate is 12%?
Answer:
Bond Price = $927.904476 rounded off to $927.90
Explanation:
To calculate the price of the bond today, we will use the formula for the price of the bond. As the bond is an annual bond, the coupon payment, number of periods and annual YTM will be,
Coupon Payment (C) = 1000 * 0.1 = 100
Total periods (n) = 5
r or YTM = 0.12 or 12%
The formula to calculate the price of the bonds today is attached.
Bond Price = 100 * [( 1 - (1+0.12)^-5) / 0.12] + 1000 / (1+0.12)^5
Bond Price = $927.904476 rounded off to $927.90
Swifty Corporation sells one product and uses a perpetual inventory system. The beginning inventory consisted of 79 units that cost $19 per unit. During the current month, the company purchased 477 units at $19 each. Sales during the month totaled 355 units for $42 each. What is the cost of goods sold using the LIFO method
Answer:
COGS= $6,745
Explanation:
Giving the following information:
Beginning inventory= 79 units at $19
Purchase= 477 units at $19
Sales= 355 units
The units cost the same. In this case, it doesn't matter which method you use, the ending value will be the same.
COGS= 355*19= $6,745
The quality tool which shows that most quality problems are the result of only a few causes (aka 80-20 rule) is:____________
Answer:
Pareto principle or pareto analysis
Explanation:
This is the Pareto principle. This principle is named after an economist called vilfredo pareto. The specifications of the principle is that 80% of consequences are as a result of 20% of the causes. Giving us an unequal relationship existing between input and also outputs.
One good principle of this 80% to 20% rule is the identification of the best assets of an entity and the efficient usage in the creation of maximum value.
Hoagland Corp's stock price at the end of last year was $22.50, and its book value per share was $25.00. What was its market/book ratio?
Answer:
0.9
Explanation:
Hoagland corporation stock price is $22.50
Its book value per share is $25.00
Therefore the market book ratio can be calculated as follows
= 22.50/25
= 0.9
Hence the market book ratio is 0.9
What does Mrs. Morningstar say that Sancho and Bolsa couldn't find in a porta-potty?
toilet paper
a polar bear
an elephant
Answer:
its polar bear
Explanation:
i did the test on edge
According to the fragment of scene 6 of Sancho and Bolsa, it can be inferred that Mrs. Morningstar told Sancho and Bolsa that they could find a polar bear in a porta-potty
This story tells the story of Sancho and Bolsa two detectives who are involved in multiple situations. In the scene 6 of the story they hold a conversation with Mrs. Morningtar who says:
- Mrs. Morningstar: I won't hold my breath. You couldn't find a polar bear in a porta-potty.
According to the above, the correct response is to polar bear (option B) because these are the words Mrs. Morningstar mentiones. On the other hand she never mentionen toilet paper (option A) or an elephant (option C)
The question is incomplete because the text is missing. Here is the excerpt of the text.
- Bolsa: You can't be serious.
- Mrs. Morningstar: No, I don't know the address, but it's at the corner of Ocean and Pine.
- Bolsa: Thank you, Mrs. Morningstar. We'll let you know as soon as we find out anything.
- Mrs. Morningstar: I won't hold my breath. You couldn't find a polar bear in a porta-potty.
- Bolsa: Goodbye, Mrs. Morningstar.
- Mrs. Morningstar: And next time use the phone, don't just come by whenever you feel like it.
- Bolsa: Lovely woman.
- Sancho: Maybe William isn't really missing, maybe he just decided he didn't want to live with his aunt anymore.
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A coffee shop's production function is given by Q = KL, where MPL = K and MPK = L. The barista wage rate is $10 and the rental per square foot is $15. In the short run, store size is fixed at 500 square feet. The short-run average total cost of serving 1,500 cups of coffee is $_____.
a. 2.34
b. 6.03
c. 5.02
d. 0.63
Answer:
c. 5.02
Explanation:
Q = KL
Wage rate = 10
Rental = 15
In the short run
K = 500
Such that
Output Q = 1500 = KL
1500 = 500L
L = 1500/500
L = 3
Then the total cost
= 10(3)+15(500)
= 30 + 7500
= 7530
The average total cost
= Total cost/output
= 7530/1500
= 5.02
In conclusion the short run average total cost of serving 1500 cups of coffee is 5.02. therefore option c is the answer to the question
A market that has a single supplier of a product with no close substitutes and barriers to entry is:________
a. an oligopoly.
b. monopolistically competitive.
c. a pure monopoly.
Answer:
c. a pure monopoly.
Explanation:
A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.
For example, a public power company is an example of a monopoly because they serve as the only source of power utility provider to the general public in a society.
Additionally, a public power company refers to a company that provides power (electricity) utility to the general public of a society.
Hence, a market that has a single supplier of a product with no close substitutes and barriers to entry is a pure monopoly.
4) On June 1, Addison Company purchased $9,000 of inventory on account from Garrison Company. Garrison offers a 5% discount if payment is received within 15 days. Addison records the purchase using the gross method and the perpetual inventory system. The journal entry on June 1 by Addison Company includes ________.
Answer: C. a debit to Inventory for $9,000
Explanation:
When recording this entry using the Gross method, inventory will be recorded at the cost not at the discounted figure. This means that in Addison's books, there will be a debit to the Inventory account of the cost price of $9,000.
There will be a corresponding credit to Accounts Payable of the same amount and if the discount is claimed, the discount will be credited to a Purchase discount account when it is being paid.
Profit is defined as total revenue:__________ a. divided by total cost. b. times total cost. c. minus total cost. d. plus total cost.
Answer:
C. Minus total cost
Explanation:
Profit = total revenue - total cost (expenses)
ILL GIVE BRAINLIEST HELP ASAP AHH
Select the correct answer.
What are the forms of financial exchange?
( Bankers’ deposits, Currency, Online banking) is a form Of financial exchange that involves the use of credit and debit cards. (Deposit money, Currency, Online banking) is a form of financial exchange that involves the use of checks.
Please help!!!!!
Answer:
Online banking is a form of financial exchange that involves the use of credit and debit cards. Deposit money is a form of financial exchange that involves the use of checks.
Explanation:
PLATO user here