Suppose the market price of corn is $5.50 per bushel. Which of the following is not one of the three conditions that will need to be satisfied for the corn market to be in equilibrium at this price? A. Both the buyers and sellers of corn could benefit by making small changes to their market behaviors. B. The cost to corn farmers of growing the corn must be less than $5.50 per bushel. C. The quantity of corn produced by corn farmers will equal the quantity purchased by buyers. D. The buyers of corn will only use it for activities that they feel are worth at least $5.50 per bushel.
Answer:
A
Explanation:
Your client is employed by a large multinational corporation headquarteredin your city. She worked for the company in her native country for five years before being assigned to a U.S.-based position last year. she knows that her employer arranged for a visa for her, but he is unsure about what type of visa and doesn't have any of her paperwork. Your client is likely:__________A) an undocumented immigrantB) a foreign nationalC) a naturalized citizenD) a lawful permanent resident
Answer:
The correct options A) an undocumented immigrant.
Explanation:
Undocumented immigrants are foreign nationals who are in the United States without legal documentation.
These immigrants either entered the US without being screened as required by immigration processes, or they entered the country on a temporary visa and stayed over the visa's expiration date, rendering the visa invalid.
This implies that your client is likely an undocumented immigrant. Therefore, the correct options A) an undocumented immigrant.
A firm has taxes of $2,000, interest expense of $1,000, EBIT of $7,500, common stock dividends of $1,500, and preferred dividends of $1,200. What is the profit margin if sales are $22,000
Answer:
the profit margin is 15%
Explanation:
The computation of the profit margin is shown below:
= (EBIT - interest - taxes - preferred dividend) ÷ Sales
= ($7,500 - $1,000 - $2,000 - $1,200) ÷ $22,000
= $3,300 ÷ $22,000
= 15%
Hence, the profit margin is 15%
Basically the above formula should be applied for the same
arget costing can be applied to components of products as well as the new products as a whole. B. Implementing target costing requires detailed information on the cost of alternative activities. C. A primary advantage of target costing is that it requires little or no coordination among processes. D. Short product life cycles increase the importance of target costing.
Answer:
Target costing can be applied to components of products as well as the new products as a whole.
Explanation:
Target cost is the maximum cost to develop, produce, and deliver the product or service and earn the desired profit
Target Cost = Selling Price – Profit Margin
Features of target cost
1. The price at which the good and service is sold is determined by market conditions
2. Cost reduction is the difference between current cost and target cost
Advantages if target cost
1. It ensures that a product being created is profitable
2. Due to the fact that the product is developed in line with consumers wants, it increases the sales of the product
Disadvantage of target costing
1. If cost estimate is wrong, it can lead to failure of the venture
Brit wants to sell throw blankets for the holiday season at a local flea market. Brit purchases the throws for $15, and sells them to his customers for $35. The rental space is fixed fee of $1500 for the season. Assume there is no leftover value for unsold units. The payoff, if he orders 200 and Demand is 150, is:__________a. 2800. b. 1050. c. 50. d. 800.
Answer:
Correct option is b. 1050.
Explanation:
Note: There is an error in this question as the number of unit of order is 180 NOT 200 erroneously included in the question. The question is therefore fixed and the complete correct question is therefore provided before answering the question as follows:
Brit wants to sell throw blankets for the holiday season at a local flea market. Brit purchases the throws for $15, and sells them to his customers for $35. The rental space is fixed fee of $1500 for the season. Assume there is no leftover value for unsold units. The payoff, if he orders 180 and Demand is 150, is:__________a. 2800. b. 1050. c. 50. d. 800.
The explanation of the order is now provided as follows:
Total revenue = Demand * Selling price = 150 * $35 = $5,250
Cost of purchases = Order * Cost per unit = 180 * $15 = $2,700
Since it is assumed that there is no leftover value for unsold units, this implies that:
Payoff = Total revenue - Cost of purchases - Fixed fee for rental space = $5,250 - $2,700 - $1,500 = $1,050
This implies that the payoff is $1,050. Therefore, correct option is b. 1050.
a. If management reports truthfully, what economic events are likely to prompt the following accounting changes?
• Increase in the estimated life of depreciable assets
• Decrease in the uncollectible allowance as a percentage of gross receivables
• Recognition of revenues at the point of delivery rather than at the point cash is received
• Capitalization of a higher proportion of software R&D costs
b. What features of accounting, if any, would make it costly for dishonest managers to make the same changes without any corresponding economic changes?
Answer:
Increase in the estimated life of depreciable assets
Opinion of third parties
Explanation:
If management reports truthfully, the economic events that are likely to prompt the following accounting changes are an increase in the estimated life of depreciable assets.
The features of accounting, that would make it costly for dishonest managers to make the same changes without any corresponding economic changes is auditing.
Auditiors are the third parties which provide a clean account of the financial statement of the company, therefore if the changes in the accounting policy are consistent with economic changes, the audits will not provide a clean account of the financial statement
True or false: A traditional costing system uses more cause-and-effect relationships in tracing costs than does an activity-based cost allocation system.
Answer: False
Explanation:
Activity based costing us when the activities of an organisation is classified. After the classification, the costs that are related to those activities will then be traced to the activities.
It should be noted that an activity-based costing system utilizes more cause-and-effect relationships when tracing costs than a traditional cost allocation system.
Therefore, the statement that's givenn in the question is false.
A bailment is different from a gift because:___.
a. a gift requires consideration, but a bailment does not.
b. a gift is always a contract, but a bailment is generally not a contract.
c. a gift requires delivery, but a bailment does not.
d. in a bailment, only possession of the property is transferred to the bailee, whereas with a gift, both possession and ownership must pass to the donee.
Answer: d. in a bailment, only possession of the property is transferred to the bailee, whereas with a gift, both possession and ownership must pass to the donee.
Explanation:
When you give a person a gift, you are giving the person both ownership of that gift and the possession as well. For instance, if you give a person a car as a gift, that person now owns the car and will use it as they please.
With a bailment, there is no transfer of ownership. The bailor is simply giving the bailee possession of the property in question which means that after the bailee is done with the property, they have to return it back to the bailor.
Ayayai Corp. uses a periodic inventory system. Its records show the following for the month of May, in which 69 units were sold.
Date Explanation Units Unit Cost Total Cost
May 1 Inventory 32 $8 $256
15 Purchase 25 9 225
24 Purchase 41 10 410
Total 98 $891
Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)
Weighted-average unit cost $____
Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers to 0 decimal places, e.g. 125.)
FIFO LIFO Average Cost
$____ $____ $_______
Answer:
a. Weighted-average unit cost = $9.092
b. We have:
Ending inventory at May 31 using the FIFO method = $290
Ending inventory at May 31 using the LIFO method = $232
Ending inventory at May 31 using the average-cost method = $264
Explanation:
a. Calculate the weighted-average unit cost. (Round answer to 3 decimal places, e.g. 5.125.)
Weighted-average unit cost = Total Cost of units of inventory available for sale / Total units of units of inventory available for sale = $891 / 98 = $9.092
b. Calculate the ending inventory at May 31 using the FIFO, LIFO and average-cost methods. (Round answers to 0 decimal places, e.g. 125.)
Ending inventory in units = Total units of units of inventory available for sale – Units sold = 98 - 69 = 29
Therefore, we have:
Ending inventory at May 31 using the FIFO method = Ending inventory in units * Unit cost of purchases on May 24 = 29 * $10 = $290
Ending inventory at May 31 using the LIFO method = Ending inventory in units * Unit cost of inventory on May 1 = 29 * $8 = $232
Ending inventory at May 31 using the average-cost method = Ending inventory in units * Weighted-average unit cost = 29 * $9.092 = $264
Marquis is interested in the relationship between drinking coffee and esophageal cancer. He decides to look at surveys for the Lehman College Class of 2019 as a source of data. He tabulates the total cases of esophageal cancer that were reported as well as those members of the class who did not report esophageal cancer. He then calls all of those people and asks them if they can remember drinking coffee in 2010 and, if yes, about how much coffee did they drink daily, among other questions related to potential exposures, i.e. exercise, BMI, stress, etc. Which form of bias is likely to impact the measure of association reported in Marquis’s study?
a. sampling bias
b. recall bias
c. interviewer bias
Answer:
Option B
Explanation:
In simple words, Recall bias can be understood as the systematic mistake that happens when individuals do not properly recall or omit information from past events or situations. The reliability and quantity of recollections can be impacted by future activities and situations.
In the given case, the interview asking the sample something that is not easy to remember. Drinking coffee and how much did they drink is not a valid question as this is too fragile to remember.
The free market in actual terms, and not in the theoretical ideal, consists of commerce legally constrained by what is economically desirable and what is socially desirable, as well.
Answer: True
Explanation:
In the free market, the goods and services that are sold are those that consumers in the economy require which is why they buy the goods in the first place.
The goods and services that are sold are also socially desirable. This means that in a particular society, the goods and services sold must conform to the social norms and values that the economy holds. In essence, they shouldn't be illegal.
A river barge company can offer cheaper, although slower, per pound transportation of products to companies when compared with transportation by air, truck, or rail. The river barge company should first target customers whose companies use Group of answer choices
Answer:
The cost leadership strategy
Explanation:
The organization should focused on the cost leadership strategy that fouces on decreasing the cost also in generally it have an interest for employing this option
So as per the given option the river barge should first target customers that use the cost leadership strategy
hence, the same should be considered
Your subscription to BusinessWeek is about to expire. You plan to subscribe to the magazine for the rest of your life. You can renew it by paying $50 annually, beginning immediately, or you can get a lifetime subscription for $500, also payable immediately. Assuming that you can earn 6.525% on your funds and that the annual renewal rate will remain constant, how many years must you live to make the lifetime subscription the better buy?
a) 7.48.
b) 8.80.
c) 10.35.
d) 12.18.
e) 14.33.
Answer: 15 years
Explanation:
The number of years that would make the lifetime subscription a better buy would be the one that would cause the present value of paying $50 per year to equal $500.
You can use the NPER function on Excel to find this out.
Rate = 6.525%
Pmt = 50
Pv = -500
Fv = 0
Type = 1 because payment begins immediately.
= 14.9997 years
= 15 years
Blue Spruce Corp. reported net income of $377000 for the year. During the year, accounts receivable increased by $27000, accounts payable decreased by $12000 and depreciation expense of $59000 was recorded. Net cash provided by operating activities for the year is
Answer:
The correct solution is "$397000".
Explanation:
Given:
Net income,
= $377000
Depreciation,
= $59000
Accounts receivable increase,
= $27000
Accounts payable decreased,
= $12000
Now,
From operating activities, the cash flow will be:
= [tex]Net \ income+ Depreciation-Account \ receivable \ increase-Accounts \ payable \ decrease[/tex]By putting the values, we get
= [tex]377000 + 59000 - 27000 - 12000[/tex]
= [tex]397000[/tex] ($)
The Adams Company is closely held and, therefore, cannot generate reliable inputs with which to use the CAPM method for estimating a company’s cost of internal equity. Adams’s bonds yield 10.28%, and the firm’s analysts estimate that the firm’s risk premium on its stock over its bonds is 4.95%. Based on the bond-yield-plus-risk-premium approach, Adams’s cost of internal equity is:
Answer:
the cost of internal equity is 16.17%
Explanation:
The computation of the cost of internal equity is shown below:
= Yield of the bond + risk premium of the firm
= 10.28% + 4.95%
= 16.17%
Hence, the cost of internal equity is 16.17%
Basically we add the two things so that the cost of internal equity could be determined
During the year, John (a self-employed management consultant) went from Columbus,OH to Seattle, WA on business. Preceding a five-day business meeting, he spent four days vacationing at the beach. Excluding the vacation costs, his expenses for the trip are:
Airfare $3,200
Lodging 1,100
Meals 1,000
Entertainment 600
Presuming no re-imbursement, deductible expenses are:_____.
a. $3,200.
b. $3,900.
c. $4,500.
d. $5,500.
e. none of these.
Answer:
the deductible expense is $4,800
Explanation:
The computation of the deductible expense is given below:
= Airfare + lodging + 50% of meals
= $3,200 + $1,100 + 50% of $1,000
= $3,200 + $1,100 + $500
= $4,800
Hence, the deductible expense is $4,800
This is an answer but the same is not provided in the given options
so the same is relevant and considered too
By participating in _____, sellers can automate the fulfillment function of business-to-business (B2B) e-commerce.
Answer:
Buyer-side marketplaces
Explanation:
Wholesome Burger, Inc. budgeted 25,000 direct labor hours for producing 100,000 units. The standard direct labor rate is $6 per hour. During March, the company used 30,000 hours for producing 80,000 units and paid $6.25 per hour. Calculate the direct labor rate variance.
Answer:
See below
Explanation:
Given the above information, we will apply the formula below to compute direct labor rate variance.
Direct labor rate variance =
(SR - AR) × AH
Stanadard (Rate) SR = $6
Actual Hour (AR) = $6.25
Actual Hour (AH) = 30,000
Then,
Direct labor rate variance
= ($6 - $6.25) × 30,000
= -$0.25 × 30,000
= -$7,500
= $30,000 Unfavorable
It is unfavourable because the actual rate is more than the budgeted rate.
Health Scan, Inc. paid $50,000 for X-ray equipment four years ago. The equipment was expected to have a useful life of 10 years from the date of acquisition with annual operating costs of $35,000. Technological advances have made the machine purchased four years ago obsolete with a zero salvage value. An improved X-ray device incorporating the new technology is available at an initial cost of $43,000 and annual operating costs of $23,000. The new machine is expected to last only six years before it, too, is obsolete. Asked to analyze the financial aspects of replacing the obsolete but still functional machine, Health Scan's accountant prepared the following analysis. After looking over these numbers, the Center's manager rejected the proposal.
Six-year savings [($35,000 − $23,000) × 6] $72,000
Cost of new machine (43,000)
Undepreciated cost of old machine (30,000)
Advantage (disadvantage) of replacement $(1,000)
Calculate the net benefit (cost) of purchasing the new machine.
A network externality occurs when: Select one: A. there is production cost savings from being networked with suppliers B. the usefulness of a good is affected by how many others use the good C. the usefulness of a good is affected by celebrities who use the good D. there is production cost savings from being networked with buyers. Clear my choice Previous page
Answer:
B
Explanation:
A company's bank statement shows a cash balance of $4,340. Comparing the company's cash records with the monthly bank statement reveals several additional cash transactions such as checks outstanding of $3,900, deposits outstanding of $1,210, NSF check of $320, and service fee of $54. Calculate the correct balance of cash?
Answer:
the correct balance of cash is $1,650
Explanation:
The computation of the correct balance of cash is shown below:
= Cash balance + deposits outstanding - check outstanding
= $4,340 + $1,210 - $3,900
= $1,650
Hence, the correct balance of cash is $1,650
WE basically applied the above formula so that the correct value could arrive
Food manufacturers prefer to use ________ as a sweetener because it is easy to transport, has good shelf-stability, is low cost, and improves food properties .
Food manufacturer prefer to use high Fructose corn syrup as a sweetener because it is easy to transport, has good shelf-stability, is low cost and improves food properties.
What is high fructose corn syrup?Fructose corn syrup is generally made from corn starch .It is used to sweetened processed food.
What is shelf stability?Shelf stable food is food that can be stored at room temperature in a sealed container.
To know more about high Fructose corn syrup here;
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1. The advantage of trade is a very important concept in economics. In examining trade between two individuals or two countries, you usually see at least one side specializing in the production of one good. A. What concept is most important in determining which good a person or nation will specialize in the production of
Answer:
Comparative advantage
Explanation:
In simple words, The capacity of a country to provide a certain item or service at a lower opportunity price than its trade rivals is known as competitive advantage. A competitive edge allows a firm to sell products and solutions at a cheaper cost than its rivals while maintaining higher profit margins.
Thus, from the above we can conclude that the correct answer is comparative advantage.
In June 201X, a six-month call on XYZ stock, with an exercise price of $22.50, sold for $12.30. The stock price was $27.27. The risk-free interest rate was 3.9 percent. How much would you be willing to pay for a put on XYZ stock with the same maturity and exercise price
Answer:
Price of Put = $ 7.1037
Explanation:
Put-Call Parity:
Price of Call + Exercise Price / (1 + Risk-free rate)^T = Price of Put + Stock Price
Price of Call = $12.30
Exercise Price = $22.50
Stock Price = $27.27
Risk-free rate = 3.9%
Time period = 6 months or 0.5 year
Now insert the values:
Price of Call + Exercise Price / (1 + Risk-free rate)^T = Price of Put + Stock price
12.30 + 22.50 / (1 + 3.9%)^0.5 = Price of Put + 27.27
12.30 + 22.50 / 1.019313 - 27.27 = Price of Put
Price of Put = 12.30 + 22.0737 - 27.27
Price of Put = $ 7.1037
The board of directors of Synergie Incorporation discussed a few goals for the new fiscal year. The chief goals included maximizing total sales revenue and improving the overall market position of the firm. These goals are categorized as:
Answer: offensive
Explanation:
Offensive goals are the goals that maximize sales revenue, increase long term growth and profit, improve market position and take advantage of economics of scale.
Since the chief goals included maximizing total sales revenue and the improvement of the overall market position of the firm, then these goals are categorized as offensive goals.
In eight years, when he is discharged from the Air Force, Steve wants to buy a $30,000 power boat. Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using tables. Required: What lump-sum amount must Steve invest now to have the $30,000 at the end of eight years if he can invest money at:
Answer:
The correct answer is:
(1) $15,054
(2) $12,990
Explanation:
The required table is not given in the question. Please find below the attachment of the table.
Given:
Future value,
= $30,000
If discounting rate is 9%, the present value will be:
= [tex]Future \ value\times PV \ factor(9 \ percent, 8 \ years)[/tex]
= [tex]30000\times (\frac{1}{1.09} )^8[/tex]
= [tex]30000\times 0.5018[/tex]
= [tex]15,054[/tex] ($)
If discounting rate is 11%, the present value will be:
= [tex]Future \ value\times PV \ factor(11 \ percent, 8 \ years)[/tex]
= [tex]30000\times (\frac{1}{1.11} )^6[/tex]
= [tex]30000\times 0.433[/tex]
= [tex]12,990[/tex] ($)
1) Suppose that South Pangean debt is $100 million and the interest rate it pays on that debt is 4 percent. That means its interest payments must be $___million.
2) If South Pangean expenditures are $30 million without interest payments, that means its expenditures with interest payments are $___million.
Answer and Explanation:
The computation is shown below:
a. The interest payment is
= 4% of $100 million
= $4 million
b. The interest expense without interest payment is
= Expenditures incurred without interest payment + interest payment
= $30 million + $4 million
= $34 million
The same should be considered and relevant
Suppose Yakov and Ana are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix that follows shows the payoff each person will earn as a function of both of their choices. For example, the lower-right cell shows that if Yakov chooses Right and Ana chooses Right, Yakov will receive a payoff of 8.
Ana
Left Right
Yakov Left 8,5 8,7
Right 3,6 9,8
a. The only dominant strategy in this game is for _____ to choose _____.
b. The outcome reflecting the unique Nash equilibrium in this game is as follows: Yakov chooses _____ and Ana chooses _____.
Answer:
a. The only dominant strategy in this game is for Ana to choose Right.
b. The outcome reflecting the unique Nash equilibrium in this game is as follows: Yakov chooses Right and Ana chooses Right.
Explanation:
A dominant strategy is one that makes a player better off regardless of the choices made by his or her opponent in a game.
Given:
Ana
Left Right
Yakov Left 8,5 8,7
Right 3,6 9,8
In this game, when Yakov plays Left, Ana will choose Right since 7 > 5. Ana will also choose Right when Yakov plays Right since 8 > 6. This demonstrates that Ana will always play Right, regardless of what Yakov does. This means that Ana's dominant strategy is Right.
On the other hand, when Ana plays Left, Yakov will also play Left because 8 > 3. However, because 9 > 8, when Ana plays Right, Yakov will likewise play Right. This demonstrates that Yakov does not have a specific strategy that makes him better off. As a result, Yakov lacks a dominant strategy.
Based on the above analysis, we have:
a. The only dominant strategy in this game is for Ana to choose Right.
b. The outcome reflecting the unique Nash equilibrium in this game is as follows: Yakov chooses Right and Ana chooses Right.
communication is tha
Answer:
key?
Explanation:
You are evaluating a growing perpetuity investment from a large financial services firm. The investment promises an initial payment of $2,176 at the end of this year and subsequent payments that will grow at a rate of 3.4 percent annually. If you use a 9 percent discount rate for investments like this, what is the present value of this growing perpetuity?
Answer:
the present value of this growing perpetuity is $83,692.31
Explanation:
The computation of the present value of this growing perpetuity is shown below:
present value of this growing perpetuity is
= Payment at end of this year ÷ (Discount rate - Growth rate)
= $2,176 ÷ (0.09-0.034)
= $83,692.31
Hence, the present value of this growing perpetuity is $83,692.31