Answer:
He should try brainstorming new things to work on
Explanation:
A Scrum master wants to the entire team to be successful, and so needs to commend and encourage new ideas.
Rather than simply work on indexing, Lee could explore other areas in need of attention. However, the Scrum master plays a vital role in shaping the best talents in the team.
Find the APR or stated rate in each of the following cases and show calculations:<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
1. 10.6%-EAR , compounded semiannually
2. 11.5% EAR, compounded monthly
3. 9.2% EAR, compounded weekly
4. 12.9% EAR, compounded Infinite
Answer and Explanation:
The computation is shown below:
The formula is
APR = P × {(EAR + 1 )^(1 ÷ P) - 1}
1. For semi annually
= 2 × (0.106 + 1)^(1 ÷ 2) - 1}
= 10.33%
2. For monthly
= 12 × (0.115 + 1)^(1 ÷ 12) - 1}
= 10.93%
3. For weekly
= 52 × (0.092 + 1)^(1 ÷ 52) - 1}
= 8.81%
4. For infinite
= 365 × (0.129 + 1)^(1 ÷ 365) - 1}
= 12.10%
Tamara wants to be the servant leader of her group of franchise operators. Tamara should therefore:_______
a. Work on a large number of problems facing the operators.
b. Listen carefully to the cocerns of the franchise operators.
c. Treat the operators as servants in a nice way.
d. Threat the operators as servants in a mean way,
Answer: b. Listen carefully to the concerns of the franchise operators.
Explanation: A servant leader is one that is there for his team. This he does by checking in with them often to see how they are, what they need, and is involved in helping them develop the required skills needed to advance their careers. Servant leaders also make effort to see situations from other people's perspectives and they therefore make decisions with the team's best interests in mind, as this ensures everyone has the resources and knowledge they need to meet their objectives and goals of the organization.
If Tamara wants to be the servant leader of her group of franchise operators, then she should engage in listening carefully to the concerns of the franchise operators as this would make her team one of the most successful in the company, with low staff turnover and high engagement.
The return on investment can be obtained by multiplying return on equity times asset turnover.
A. True
B. False
Answer: B. False
Explanation: The return on investment defined as the benefit gained by an investor from an investment can not be obtained by multiplying return on equity times asset turnover making the assumption or statement wrong. However, the return on investment can be obtained by multiplying return on sales, which is a measure of how a firm turns sales into revenue, times asset turnover.
Saddleback manufacturing ltd. purchased 5,000 shares of its own previously issued $10 value common stock for $95,000. Thes 5,000 would be considered
Answer:
The Purchased 5,000 shares at $95,000 would be considered as Treasury stock and it will be treated as Asset
Explanation:
Journal Entry Debit Credit
Treasury stock $95,000
Cash $95,000
The 5,000 shares should be considered as authorized , issued and outstanding shares although they are deducted from paid in capital under stockholders equity section.
A car manufacturer is considering locating an assembly plant in your region.
A. List a simple, a intermediate and a complex problem associated with this proposal?
B. What is NIMBY? Dos this come into play for this complex decision?
Answer: Perception of the society towards this.
Explanation:
When citing an industry or production site in a locality most often capital is required to get this done but in many scenario capital doesn't seems to be the problem, as the location where these industry is aimed to be planted may likely have an issue with the residents of that environment as regards planting the industry. Some times these opposition is done for obvious reasons as regards health consideration which comes with noise and air pollution but some other times there may be unjustifiable reasons for these not to be planted, probably due greed or the community seeks a share in the resources or return in investment when the firm is planted in their resident. This is a complex problem.
A simple problem would be closeness to the market. If the product in question is desired by the residents in that area, even though the manufacturer might want to be exporting but it'll be a big plus if the residents consider his products more than the external environment.
Nimby can defined as when an individual or a group opposes a decision for the citing of infrastructure and industies in their environment, claiming them to be hazardous to the residents of the environment.
This comes into play for the complex decision because if those residing in the environment don't give a "go ahead" for planting of the industry it won't be successful.
Laser World reports net income of $600,000. Depreciation expense is $45,000, accounts receivable increases $12,000, and accounts payable decreases $25,000. Calculate net cash flows from operating activities using the indirect method
Answer:
$608,000
Explanation:
For the indirect method, the below steps are applicable.
Net income $600,000 + Add non cash expense (depreciation) $45,000
= $645,000
We will need to account for changes in assets; which is add sources of cash and subtract use of cash. Therefore, net cash flow from operating activities is ;
= $645,000 + (-$25,000) + (-$12,000)
= $645,000 - $25,000 - $12,000
= $608,000
Note: The above negative signs indicates cash usage which reduces accounts payable and increases accounts receivable.
A company has revenue of $1000 in 2009. Our current estimate is that revenues will grow 25% per year. Our profit each year will equal 20% of revenue. What annual growth rate (rounded to the nearest 1%) in revenue would yield a total profit of $15,000 for years 2009-2015 for this situation. Enter just the number; e.g., 65%.
Answer:
85.3%
Explanation:
since profits = 20% of total revenue, so total revenue = $15,000 / 20% = $75,000
That means that total revenue must grow from $1,000 to $75,000 in just 7 years. We can use the future value formula to determine the growth rate:
future value = present value x (1 + r)ⁿ
$75,000 = $1,000 x (1 + r)⁷
(1 + r)⁷ = $75,000 / $1,000 = 75
⁷√(1 + r)⁷ = ⁷√75
1 + r = 1.853
r = 1.853 - 1 = 0.853 = 85.3%
An air-conditioning repair department manager has compiled data on the primary reason for 41 service calls for the previous week, as shown in the table.
Job
Number Problem/
Customer Type Job
Number Problem/
Customer Type Job
Number Problem/
Customer Type
301 O/C 315 W/C 329 F/R
302 W/C 316 F/R 330 N/C
303 N/R 317 F/R 331 F/C
304 W/C 318 W/R 332 O/C
305 W/C 319 F/R 333 N/R
306 F/R 320 F/R 334 W/C
307 N/R 321 F/C 335 F/C
308 F/R 322 O/C 336 W/R
309 O/C 323 W/C 337 O/R
310 O/C 324 F/R 338 W/C
311 O/C 325 O/R 339 O/R
312 N/R 326 W/R 340 N/R
313 F/C 327 N/R 341 F/R
314 O/C 328 F/R
Key: Problem type: Customer type:
N = Noisy C = Commercial customer
F = Equipment failure R = Residential customer
W = Runs warm
O = Odor
b. Select a appropriate Pareto diagram for the Residential customers.
References
eBook & Resources
Multiple ChoiceDifficulty: 2 Medium
Problem 9-2 Part bLearning Objective: 09-13 Describe and use various quality tools.
7.
value:
8.00 points
Required information
Problem 9-2 Part c
c. Select a appropriate Pareto diagram for the Commercial customers.
Answer:
Find the answers in the attached documents
Explanation:
We discussed three sorting algorithms in Business 350. Which of the following was not one of those sorting algorithms?
A. Shell Sort
B. Tree Sort
C. Bubble Sort
D. Trickle Sort
Answer:
Correct Answer:
D. Trickle Sort
Explanation:
A Sorting Algorithm is used to rearrange a given array or list elements according to a comparison operator on the elements. From the ones listed, only Trickle Sort is not part of it.
A magazine meant for retail executives describes the latest initiatives in the retail industry. According to the classification of magazines by content, this is a(n) ________ publication.
Answer: trade publication
Explanation: a publication that describes the latest initiatives in the retail industry is an example of a trade publication which is one that shares information between people (retail executives in this instance) within a specific industry (retail industry in this instance. This is done with the aim of improving businesses or fields in addition to keeping abreast of market trends. This makes such publications very useful for filed-specific research.
What is the MIRR of a project with the following cash flows? The WACC = 11.9%. Year 0 1 2 3 Cash Flow -100 50 50 50 Group of answer choices 19.0% 11.9% 23.4% Cannot be determined without knowing the IRR. CHEGG
Answer:
the MIRR of a project is 19.0%.
Explanation:
The First Step is to Calculate the Terminal Value at end of year 3.
Terminal Value (FV) = Sum of (PV x (1 + r) ^ 3 - n)
= $50 x (1.119) ^ 2 + $50 x (1.119) ^ 1 + $50 x (1.119) ^ 0
= $62.61 + $55.95 + $50.00
= $168.56
The Next Step is to Calculate the MIRR using a Financial Calculator :
-$100 CFj
0 CFj
0 CFj
$168.56 CFj
Shift IRR/Yr 19.0104% or 19.0%
Therefore, the MIRR is 19.0%.
What happens to most projects' value under the CAPM if there is a sudden increase to its market-beta
Answer:
Its value increases
Explanation:
Here are the options to this question :
its value decreases
Its value increases
Its value stays the same
According to the CAPM ,
expected return of an asset = risk free rate + (beta x risk premium)
If the beta increases, the expected return of the asset increases and the value of the asset increases
A CEO decides that too many managers have made the company top heavy and wants to make the company leaner and faster. The CEO lays off 50 employees and forms a new structure that gives the remaining workers much more flexibility. What process has the CEO just executed
Answer:
Delayering
Explanation:
Delayering in any organizational setting is the removal of a particular level of management. It could lead to profit maximization for an organization because removals of such would cause a great reduction in the costs of paying for labour. In other organizations though, delayering may have negative consequences especially on the profits of the organization.
a pension fund has an average duration of its liabilities equal to 15 years. the fund is looking at 8-year maturity zero-coupon bonds yield perpetuities to immunize its interest rate risk how much of its portfolio should it allocate to the zero-coupon bonds to immmunize if there are no other assets funding the plan
Answer:
a = 27.6%
Explanation:
The computation of the allocation of zero coupon bonds is shown below:
But before that we need to determine the following calculations
Duration of perpetuity is
= 1.06 ÷ .0.06
= 17.67 years
Now the equation should be
Let us assume the allocation of zero coupon bond be a
15 years = a × 8 + (1 - a) × 17.67
15 years = 8a + 17.67 - 17.67a
-2.67 = -9.67a
a = 27.6%
Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $400. The fund was last reimbursed on November 30. At the end of December, the fund contained the following petty cash receipts: December 4 Freight charge for merchandise purchased $ 62 December 7 Delivery charge for shipping to customer $ 46 December 12 Purchase of office supplies $ 30 December 18 Donation to charitable organization $ 51 If, in addition to these receipts, the petty cash fund contains $201 of cash, the journal entry to reimburse the fund on December 31 will include:
Answer:
A credit to Cash of $299
Explanation:
Journal Entry Debit Credit
Merchandise inventory $62
Delivery charges $46
Office supplies $30
Miscellaneous expenses $51
Cash over and short $100
Cash $299
Cash to be reimbursed = Minimum cash balance required - Cash balance left
Cash to be reimbursed = $500 - $201
Cash to be reimbursed = $299
g Vega is defined as Group of answer choices the sensitivity of an option's price to changes in volatility. the change in the value of the underlying asset for a dollar change in the call price. the percentage change in the value of an option for a 1% change in the value of the underlying asset. the change in the volatility of the underlying stock price. the change in the value of an option for a dollar change in the price of the underlying asset.
Answer: the sensitivity of an option's price to changes in volatility.
Explanation:
Vega us defined as the sensitivity of an option's price to changes in volatility. Vega denotes the amount by which the contract's price of an option changes due to the 1% change that occurs in the underlying asset's implied volatility.
Therefore, based on the scenario that has been explained above, the correct answer is the first option above.
Pina Company sold 196 color laser copiers on July 10, 2017, for $3,670 apiece, together with a 1-year warranty. Maintenance on each copier during the warranty period is estimated to be $319. Prepare entries to record the sale of the copiers, the related warranty costs, and any accrual on December 31, 2017. Actual warranty costs (inventory) incurred in 2017 were $17,370.
Answer:
The journal entry to record the sale of the laser copiers
July 10, 2017, 196 laser copiers sold
Dr Cash 719,320
Cr Sales revenue 719,320
The journal entry to record the warranty expense
July 10, 2017, warranty expense for 196 laser copiers sold
Dr Warranty expense 62,524
Cr Warranty liability 62,524
The journal entry to record warranty costs
December 31, 2017, warranty costs for 196 laser copiers sold
Dr Warranty liability 17,370
Cr Inventory 17,370
The company cannot record any revenue resulting from the warranty liability because the warranty is still valid.
If the commercial mortgages on the balance sheet of this bank decline in value then the value of the bank's equity will rise.a. Trueb. False
Answer: False
Explanation:
According to the Accounting equation, the debit side must equal the credit side.
The Commercial mortgages for this bank are on the debit side so if they reduce, the credit side will have to reduce as well to remain in balance.
The Equity will therefore not rise but rather decrease in value so that the two sides will be balanced.
The range of S is 74 while that of P is 37 across the two states. What is the hedge ratio of the put
This question is incomplete, the complete question is;
We will derive a two-state put option value in this problem.
Data: S₀ = 106; X = 112; 1 + r = 1.12. The two possibilities for ST are 149 and 75.
The range of S is 74 while that of P is 37 across the two states. What is the hedge ratio of the put
Answer: the hedge ratio of the put H = - 1/2 ≈ - 0.5
Explanation:
Given that;
S₀ = 106, X = 112, 1 + r = 1.12
Us₀ = 149 ⇒ Pu = 0
ds₀ = 75 ⇒ Pd = 37
To find the Hedge ratio using the expression
H = Pu - Pd /Us₀ - ds₀
so we substitute
H = 0 - 37 / 149 - 75
H = - 37/ 74
H = - 1/2 ≈ - 0.5
The Lewiston Company accrues $100 for one day’s wage expense at 12/31/22. The 1/2/23 reversing entry is not made. These wages plus wages of two days in the new year are paid on 1/2/23. Total cash paid is $300. The following journal entry is made on 1/2/23: Wage Expense $300 Cash $300 Indicate the errors for 12/31/23 Retained Earnings and 2023 Wage Expense, respectively:
Answer:
since $100 worth of 2022 wages were reported ion 2023, the wages expense account for 2023 will be overstated by $100, so net income 2023 will be understated by $100.
Even thought the net income 2023 was understated, the retained earnings account will not be understated. This is because the net income 2022 was overstated by $100, which will offset the understatement of the net income 2023 account.
Wages expense is a temporal account which must be closed at the end of the accounting period, while retained earnings is a permanent account that is carried from one year to another.
Cadavieco Detailing's cost formula for its materials and supplies is $1,990 per month plus $4 per vehicle. For the month of November, the company planned for activity of 94 vehicles, but the actual level of activity was 54 vehicles. The actual materials and supplies for the month was $2,250. The materials and supplies in the planning budget for November would be closest to:
Answer:
$2366
Explanation:
Given the following :
Cost formular for Cadavieco for its material and supplies is $1,990 per month plus $4 per vehicle.
That is :
Cost formular : 1990 + 4x
Where 1990 is the fixed cost
4x is the variable cost which depends on x, number of vehicles.
In November :
Planned activity = 94 vehicles
Actual activity : 54 vehicles
Therefore, materials and supplies in planning budget for November :
Fixed cost + 4(planned activity)
$1990 + $4(94)
$1990 + $376
= $2366
What is the preferred order (highest preference to lowest preference) of the materiel solution alternatives outlined in the Defense Acquisition System:
Answer:
The answer is below
Explanation:
The preferred order (highest preference to lowest preference) of the materiel solution alternatives when a new development is expected to meet a requirement outlined in the Defense Acquisition System, is given as follows:
1. Identify the preferred order of materiel solutions specified in the Joint Capabilities.
2. Integration and Development System (JCIDS)
3. Defense Acquisition System
Huey has eaten two hamburgers and is considering a third.The marginal benefit in his decision is the pleasure from consuming
A) the two previous hamburgers.
B) all three hamburgers.
C) just the third hamburger.
D) just the second hamburger.
E) the third hamburger minus the pleasure from consuming zero hamburgers.
Answer:
C
Explanation:
A rational consumer would keep consuming as long as he continues to derive satisfaction from consuming one more unit of a product..
For example, if you have eaten two hamburgers and you are contemplating whether to consume one more unit of hamburger or not. one of the factors you would consider is if you would derive a marginal benefit from one more consumption. If you would, you would consume one more hamburger and if you would not, you won't consume the hamburger
Many firms attempt to distinguish or differentiate their product offerings through the use of __________ strategies. This involves establishing a mental image of the product offering relative to competing offerings in the minds of target buyers.A) product positioningB) brandingC) perceptual marketingD) image marketingE) comparative
Answer:
a
Explanation:
Positioning refers to the place that a product occupies in the minds of the customers and how it is distinguished from other products.
For example, a firm might attempt to distinguish itself from other products by claiming to be organic. This creates an image in the mind of consumers that the product is safe and healthy
The current price of a stock is $55. Calculate the value of an American put option on the stock using a two-step binomial tree given the following information.
The strike price of the option, K = $57, each time step is one year, the risk-free interest rate,
r = 5%, u =1.25, d = 0.8, and p = 0.6282
Answer:
$5.95
Explanation:
Risk neutral probability, [tex]$ q = \frac{(1+u)^t - d}{u-d} $[/tex]
= [tex]$ \frac {1.05-0.8}{1.25-0.8} = 0.5556 $[/tex]
The value of stock lattice is shown below :
85.9375
68.75 55
55 44 35.2
t=0 t=1 t=2
Value of the American put option when the stock price is $85.9375 at t=2
= max(57-85.9375,0) = 0
The value of the American put option when the stock price is $55 at t=2
= max(57-55,0) = 2
The value of American put option when the stock price is $85.9375 at t=2
= max(57-35.2,0) = 21.8
The value of a American put option when the stock price is $68.75 at t=1
= max [tex]$ \frac{0.5556 \times 0 + 0.4444 \times 2}{1.05,57 - 68.75,0} $[/tex] = $0.84656
The value of the American put option when stock price is $44 at t=1
= max [tex]$ \frac{0.5556 \times 2 + 0.4444 \times 21.8}{1.05,57 - 44,0} $[/tex] = $13
The value of American put option today when the stock price is $55 at t=0
= max [tex]$ \frac{0.5556 \times 0.84656 + 0.4444 \times 13}{1.05,57 - 55,0} $[/tex] = $ 5.95
Thus, the value of American put option today is $5.95
The method of accounting for long-term investments in equity securities that most closely fits the requirements of accrual accounting is the
Answer:
Equity Method
Explanation:
The reason is that the profit after tax earned during the period is added to the value of investment and the cash dividends received reduces the value of the equity investment. This is as per the guidelines of the accrual accounting which says that revenue must be recorded when they are earned and expenses must be recorded when they are incurred. Hence it is as per the guidelines of accrual accounting principles.
What is a budget, what is the goals of a budget, and what are the three functions of budgeting, including their chief criticisms
Explanation:
A budget is an accounting tool used to estimate expected outcome; about sales, expenses etc for a certain period of time.
The goals of a budget is to have an overview of expected cost or to even attain certain goals. For example, one may write a budget for building a new house in order to have a realistic goal in mind.
Some three functions of budgeting includes;
1. Performance monitoring: a company may budget it's expenses for an entire year and after the budget period look back towards seeing how well they performed as regards keeping to their budget.
2. Income forecasting: budgeting allows a company to estimate expected income; an information that is used to get investors.
3. Decision making: a good budget serves to enable proper decision making. For example, a sales budget can help company know where to focus their resources.
Two Criticism of budget:
1. It is prone to errors.
2. It considers only financial results; often excluding behaviorial tendencies etc
Answer:
A budget is an accounting tool used to estimate expected outcome; about sales, expenses etc for a certain period of time.
Explanation:
Regarding employment or association with attest clients, the employment of a former partner
by a client in a key position most likely impairs firm independence if
A. Team members have interactions with the former partner.
B. The former partner cannot influence the accounting firm’s operations.
C. Amounts are to be paid to the former partner based on a fixed formula.
D. The former partner consults with the accounting firm.
Answer:
D. The former partner consults with the accounting firm.
Explanation:
An attest client is defined as a person or entity that an attest activity is performed for.
An attest service is performed by a third party who provides an independent review of a client's business based on specific procedures.
For example when an auditor performs independent review of a company's financial records.
The relationship with an attest client must be carefully considered before an engagement is accepted.
So in this scenario if a former employee of a firm is employed by an attest client it will impair the firm's independence if the former partner still consults with the firm.
A contract pledging title to assets as security for a node or bond is known as (an):
A. Sinking fund.
B. Mortgage.
C. Equity.
D. Lease.
E. Indenture
Answer:
B. Mortgage.
Explanation:
This is simply explained to be a loan that has been taken in retrospect to purchasing of lands or property. This is of different forms, some are said to run for 15 years while some run up till 30 years in some cases too. In many cases, they are sometimes addressed to be "claims on property". Some are seen to be fixed-rated and in this case, borrowers are known to pays the same interest rate for the life of the loan.
In as much as they are forms of rights from incoperation, individuals and businesses use mortgages to make large real estate purchases without paying the entire purchase price up front. Borrower also repays the loan, plus interest, until she or he owns the property free and clear.
Suppose an investment offers to triple your money in 48 months (don't believe it). Required: What rate of return per quarter are you being offered? ?
a) 9.59%
b) 7.82%
c) 5.31%
d) 6.4%
e) 711%
Answer:
Rate of return per quarter = 7.11%
Explanation:
The rate of return is the percentage return earned if compounding is done quarterly. It can be worked as follows:
r= (FV/PV - 1)- 1× 100
r- rate of return
FV= Future value of the investment after 48 months
PV= Amount invested now
Let the amount invested i.e PV be 10.
If the investment is tripped, the sum earned would be 3×10 = 30
DATA
FV- 30
PV- 10
n-48/3= 16
r= ?
r = ((30/10)^1/16 -1 )× 100
r= 7.1075 × 100 = 7.11%
r= 7.11%
Rate of return per quarter = 7.11%