Answer:
Maple Leaf, Inc.
Inventory Turnover:
b. Greater than 2 but less than 3
Explanation:
a) Data and Calculations:
1) Average inventories:
Raw materials $2,500,000
Work-in-process $1,000,000
Finished goods $800,000
Total average inventory $4,300,000
Cost of goods sold = $12,000,000
Inventory Turnover = Cost of goods sold/Average Inventory
= $12,000,000/$4,300,000
= 2.79 times
2) Inventory turnover is a financial ratio that shows the number of times in a year that inventory has been sold by Maple Leaf, Inc. When it divides the number of days, say 360 days in a year, the ratio that comes out shows the number of days it takes Maple to sell its inventories.
"A syndicate member places an order for a new issue municipal offering, that, if filled, will be placed in a municipal bond fund managed by that member. This order is:"
Answer:
I)member-related"
IV)filled last, as public orders take precedence
Explanation:
This are the options for the question;
I. "member-related"
II. "non-member related"
III. filled first, as non-public orders take precedence
IV. filled last, as public orders take precedence
We were informed from the question that A syndicate member places an order for a new issue municipal offering, that, if filled, will be placed in a municipal bond fund managed by that member.
This order order for a new issues municipal offering should be
1)member-related"
2)filled last, as public orders take precedence.
It should be noted that as a syndicate is associated with underwriting IPOs and they are commercial or investment bank. And the municipal bonds is utilize in financing public projects .
peter, a customer-care executive of homefrot inc., an electronics company, adopts the problem-solving process to find a solution to a coomplaint he received from a customer regarding a nonfunctioning microwave. after identifying the problem, what should peter do next
Answer:
compile and analyze the data
Explanation:
Since Peter has already identified the problem, his next step is to compile and analyze the data. This will allow Peter to see all of the data together and try to find what the cause of the problem actually is, which will ultimately allow him to develop a solution to it. This is done by inspecting and cleaning the data in order to find useful information, informing conclusions and data supporting decision-making.
A beneficiary acquired stock from a decedent. The stock's fair market value at the date of the decedent's death was $500,000. The decedent had paid $280,000 for the stock six years ago. The beneficiary sold the stock two months after receipt for $510,000. What is the beneficiary's recognized gain for the year related to the stock?
Answer:
Beneficiary recognized gain is $510000.
Explanation:
The amount paid by the decedent for the stock = $280000
The market value of the stock at the time of death = $500000
The selling price or the amount received by the beneficiary by the sell of stock = $510000
Since the recognized gain is calculated by subtracting the amount paid by the person to buy the stock from the amount that he receives from the sale of stock. But in this case, the beneficiary pays zero for the stock but gets all the money after selling.
Beneficiary recognized gain = amount received from the sell – the amount paid by the beneficiary.
= $510000 – 0
= $510000
Expanding operations in countries where verbal expressions and gestures do not have the same meaning illustrate one of the main challenges of managing for _______.
Answer: globalization
Explanation:
Globalization is simply the process by which organizations or businesses start
their operations on international scale or start having international influence.
Despite the advantages of globalization such as allowing several goods and services to be affordable in different countries, improvement in productivity, employment opportunities etc, one challenge is that expanding operations in countries where verbal expressions and gestures do not have the same meaning could pose a difficulty.
At very low levels of output, the short-run aggregate supply curve is relatively: A. steep, because increasing output will cause relative large increases in per-unit production costs B. flat, because firms can expand output with relatively little increase in per-unit production costs C. steep, because increasing output will cause aggregate demand to increase D. flat, because firms are reluctant to give their current workers raises when output is so low
Answer: D. flat, because firms are reluctant to give their current workers raises when output is so low
Explanation:
When low levels of output are being produced, the supply curve will be flatter to show that goods are not too highly priced. This is because the goods are not costing as much to make because producers are unwilling to increase the wages of their current workers with such low output. Labor costs will therefore be kept below a certain level which will keep prices low.
Lee Sun's has sales of $3,900, total assets of $3,600, and a profit margin of 5 percent. The firm has a total debt ratio of 41 percent. What is the return on equity?
Answer:
The answer is 9.18 percent.
Explanation:
Return on equity = Net income(profit) / Total equity.
We need to find net profit and equity.
1. To find net income:
Profit margin = profit/sales
So profit = 0.05 x $3,900
= $195
2. To find asset:
Total debt ratio = total debt(liabilities)/ assets
Total debt = 0.41 x $3,600
Total debt(liabilities) = $1,476
Equity = Assets - liabilities
$3,600 - $1,476
= $2,124.
Therefore, return on equity is:
$195 /$2,124
0.0918
Expressed as a percentage
9.18 percent.
A budget that allocates increased or decreased funds to a department by using the last budget period as a reference point is called a(n)_____. A) standardized budget B) fixed budget C) zero-based budget D) incremental budget E) tactical budget
Answer:
D) incremental budget
Explanation:
An incremental budget is a budget in which the budget is prepared based on the last year budget or the actual performance so that the amounts that are increased or decreased could be added for the current year budget
Here in the given situation, the allocation of the budget is either increased or decreased by using the previous year budget is known as incremental budget
hence, the correct option is D. Incremental budget
Four investment bankers need to cross a bridge at night to get to a meeting. They have only one flashlight and 17 minutes to get there. The bridge must be crossed with the flashlight and can only support two bankers at a time. The Analyst can cross in 1 minute, the Associate can cross in 2 minutes, the VP can cross in 5 minutes and the MD takes 10 minutes to cross. How can they all make it to the meeting in time
Answer:
Correct Answer:
The correct sequence of crossing include:
First, the Analyst takes the flashlight and crosses the bridge with the Associate. This takes 2 minutes. The Analyst then returns across the bridge with the flashlight taking 1 more minute (3 minutes passed so far). The Analyst gives the flashlight to the VP and the VP and MD cross together taking 10 minutes (13 minutes passed so far).
The VP gives the flashlight to the Associate, who recrosses the bridge taking 2 minutes (15 minutes passed so far). The Analyst and Associate now cross the bridge together taking 2 more minutes. Now, all are across the bridge at the meeting in exactly 17 minutes.
Explanation:
The above is the only logical way through which all of them could be able to cross the bridge while still arriving to the meeting at/on the exact time.
A demand schedule shows A. various quantities of a good or service demanded at various prices. B. individual preference for more income rather than less. C. consumer preferences for different combinations of goods and services. D. the relation between price and income when all other things remain equal.
Answer:
Option "A" is correct.
Explanation:
Option “A” is correct because the demand schedule is a tabular statement that shows the different prices and quantities. Basically, this tabular statement shows the different quantity demanded at different prices. At the higher price, the demand is lower and at lower prices, the demand is higher. Therefore, the price and demand have an inverse relationship, and the demand curve is downward sloping.
Suppose there is a Fed purchase of bonds and simultaneous tax cut. We know with certainty that this combination of policies must cause:
Answer:
Expansionary monetary policy
Expansionary fiscal policy
Explanation:
Expansionary monetary policy are policies taken by the Fed to increase money supply in the economy. the tools used in Expansionary monetary policy are :
1. reducing required reserves ratio
2. open market purchase.
When the Fed purchase of bonds, money supply increases
Expansionary fiscal policy are policies taken by the government to increase money supply in the economy. the tools used in Expansionary monetary policy are :
1. tax cuts which increases disposable income
2. increased government spending
Effective controls relevant to the efficiency of purchases will result in proper evaluation of the time for ordering merchandise. When making this evaluation, the purchasing company should give primary consideration to
Answer:
The trade-off between the cost of owning and storing excess merchandise and the risk of loss by not having merchandise on hand.
Explanation:
Effective management of costs when purchasing inventory for sale must be well planned by a business.
Economic order quantity calculation is used to minimise cost of storing excess merchandise and cost of ordering merchandise.
The model is based on assumption of constant demand for goods and effectively avoids stock outs. This is done by using probability to estimate the loss that will be incurred by not having stock on hand.
This consideration between storage cost and cost of not having stock will guide the business to make stock ordering choices that will minimise cost
In a(n) ________, an intensive research technique, a company invites six or more people typical of the target market to a session to discuss the product, the service, or the marketing situation.
Answer:
focus group
Explanation:
A focus group refers to a reearch method in which companies invite a group of people that is part of a target market to have a discussion about a specific product, service, topic to analyze their reactions and collect information to make decisions. According to this, the answer is that in a(n) focus group, an intensive research technique, a company invites six or more people typical of the target market to a session to discuss the product, the service, or the marketing situation.
Brad is a sales representative for a Kettle Chips and is preparing for a Super Bowl promotional campaign. He's contacting each of his grocery and convenience accounts with an opportunity to install an end-of-aisle display with graphics of the Super Bowl teams and a display of several varieties of chips. This is known as _____, a type of trade-oriented promotion.
Answer:
point-of-purchase advertising.
Explanation:
In this scenario, Brad is contacting each of his grocery and convenience accounts with an opportunity to install an end-of-aisle display with graphics of the Super Bowl teams and a display of several varieties of chips.
Hence, this is known as point-of-purchase advertising, a type of trade-oriented promotion.
A point of purchase advertising can be defined as a marketing strategy used by retailers, which typically involves the placement of end user goods e.g graphics of the Super Bowl teams strategically placed in a supermarket aisle for retail customers.
When presented with two choices for afternoon entertainment, Riana has a clear favorite: going to the movies provides her with 40 utils, while attending a baseball game provides 32 utils. The price for both tickets is $5, causing Riana to choose the movies. What price for a baseball game ticket would cause Riana to choose that instead?
a. $3.99
b. $4.00
c. $4.01
d. $1.60
Answer:
$4
Explanation:
Given:
Marginal utility of movie = 40
Marginal utility of baseball = 32
Price of ticket = $5
Find:
Price of baseball match ticket to change her mind.
Computation:
Per dollar utility of movie = 40 / 5
Per dollar utility of movie = 8
Price of baseball match ticket to change her mind = Marginal utility of baseball / Per dollar utility of movie
Price of baseball match ticket to change her mind = 32 / 8
Price of baseball match ticket to change her mind = $4
In order to compensate for an expected future decline in the Japanese yen relative to the U.S. dollar, the interest rate in Japan must be ______ the interest rate in the United States.
Answer:
higher than
Explanation:
An increased interest rate of the Japanese yen will help to strengthen the yen against the dollar.
This means that increased interest rates bring out higher gains which strengthen the currency of japan as against the on of the united states.
Cheers.
In Year 1, Kane's residence had an adjusted basis of $250,000 and it was destroyed by a tornado (in a federally declared disaster area). An appraiser valued the decline in market value at $425,000. Later that same year, Kane received $200,000 from his insurance company for the property loss and did not elect to deduct the casualty loss in an earlier year. Kane's Year 1 adjusted gross income was $100,000. What total amount can Kane deduct as a Year 1 itemized deduction for casualty loss, after applying any limitations?
Answer:
The total amount that Kane can deduct as a Year 1 itemized deduction for casualty loss is $39,900.
Explanation:
According to the Internal Revenue Service (IRS), Disaster Area Losses in a federally declared disaster refers the occurrence of a disaster in an area that the President has declared to be eligible to enjoy federal assistance under the Robert T. Stafford Disaster Relief and Emergency Assistance Act.
Since Kane's residence falls into the category of personal-use property or it is not totally destroyed, the amount of loss of the property is the lesser of the adjusted basis of the residence, $250,000, and the decline in market value determined by the appraiser, $425,000. Based on this, the amount of loss of the residence is $250,000.
The total amount that Kane can deduct as a Year 1 itemized deduction for casualty loss can therefore therefore be calculated as follows:
Particulars Amount ($)
Loss amount 250,000
Amount from insurance (200,000)
Loss of the Taxpayer's 50,000
Deduct $100 (100)
Eligible Loss 49,900
Limitation of 10% annual gross income (10,000)
Loss to be deducted 39,900
Therefore, the total amount that Kane can deduct as a Year 1 itemized deduction for casualty loss is $39,900.
Mediocre economists often consider only the immediate apparent effects of a change, whereas a good economist will also consider effects that may only become observable over time." This statement most clearly emphasizes
Answer:
the importance of secondary effects.
Explanation:
A mediocre economists is concerned with the immediate effects of a policy, plan or any change, because his goals are generally limited to a short period of span.
He is not considered for long term plans. Also, generally a more experienced and senior expert economists are required to analyse the long term effects of any change, as requires more knowledge because of the criticality involved.
The immediate effects will be clearly visible with the change made, thus are primary in nature. But as the long term changes are not clearly visible immediately, but require expertise to forecast such changes are usually considered secondary.
if real gdp per capita in the united states is $8,000, what will real GDP per capita in the united states bea fter 5 years at an annual growh rate of 3.2%
Answer:
$9,364.58
Explanation:
The future value formula stated below can be used in determining the real GDP after 5 years have passed since the real GDP is expected to increase at an annual growth of 5% per year as shown below:
FV=PV*(1+r)^n
PV is the current real GDP OF $8000
r is the growth rate of real GDP which is 3.2%
n is the timing involved in the computation
FV=$8000*(1+3.2%)^5=$9,364.58
The agreements that allow McDonald's franchisees around the globe to use McDonald's trademarked name and menu items represent, in essence, which form of market entry
Answer:
The remaining part of the question is:
McDonald's trademarked name and menu items represent, in essence, which form of market entry?
A) joint ventures
B) franchising
C) 100% ownership
D) exporting
E) acquisition
Correct Answer:
B) franchising
Explanation:
Franchising is a business model whereby a company that their specialty is in retailing industry, as well as the fast-food industry, adopts a global expansion through other companies by licensing their business name and trademarks to them.
What are some simlarities between saving and investing?
Answer:
A similarities between saving and investing
1) Its about money.
2) Investing is similar to saving because you’re putting away money for the future. But you're trying to earn more money.
Explanation:
A politician in a small town notices that many citizens in the town cannot find work. In order to assist these individuals in finding work, the politician proposes that all unemployed adults be made eligible for a large monthly cash payment to help them meet basic needs during their job search. Which of the following is true regarding the goal alignment of this program?
a. The goals of the politician and the goals are the job seekers would be aligned, since unemployed individuals would have a stronger incentive to remain employed.
b. The goals of the politician and the goals of the job seekers would not be aligned, since unemployed individuals would have a stronger incentive to remain unemployed.
c. The goals of the politician and the goals of the job seekers would be aligned, since unemployed individuals would have a stronger incentive to look for work.
Answer:
b. The goals of the politician and the goals of the job seekers would not be aligned, since unemployed individuals would have a stronger incentive to remain unemployed
Explanation:
Unemployed people would have the incentive to seek employment so as to meet basic needs. But if the politician is already meeting that need, there would be no incentive for the unemployed to seek employment. So, the goal of the politician and job seekers aren't aligned.
April Corporation developed the following per-unit standards for its product: 2 pounds of direct materials at $3.75 per pound. Last month, 2,000 pounds of direct materials were purchased for $7,600. The direct materials price variance for last month was:
Answer:
100 (Unfavorable)
Explanation:
Standard price = $3.75
Actual price = 7,600 / 2,000 = $3.8
Actual quantity = 2,000
Direct materials price variance = (Standard price - Actual price) * Actual quantity
Direct materials price variance = ($3.75 - $3.8) * 2,000
Direct materials price variance = $0.05 * 2,000
Direct materials price variance = 100 (Unfavorable)
A foreign sales corporation is a device used by U. S. exporters to reduce taxes. To qualify, the goods exported must have _____ percent U. S. content. This results in a tax reduction of _____ percent.
Answer:
To qualify, the goods exported must have 50 percent U. S. content. This results in a tax reduction of 15 percent.
Explanation:
Foreign sales corporations (FSC) no longer exist. The FSC corporation had to be set up in the US, but it had to operate in foreign countries that complied with information agreements with the US government (IRS). It helped exporting companies to lower taxes, but they ceased to exist in year 2000.
"A representative is hosting 20 wealthy guests at a dinner seminar at a Michelin star-rated restaurant, and when coffee and dessert are being served, she intends to give a small talk about the potential benefits of investing in hedge funds. This is defined by FINRA as a(n):"
Answer:
Public appearance.
Explanation:
In this scenario, a representative is hosting 20 wealthy guests at a dinner seminar at a Michelin star-rated restaurant, and when coffee and dessert are being served, she intends to give a small talk about the potential benefits of investing in hedge funds. This is defined by FINRA as public appearance.
According to Financial Industry Regulatory Authority (FINRA), a public appearance can be defined as an unscripted, spontaneous live presentation to a group of people comprising of potential investors. A public appearance do not require a principal approval and are not bonded by the FINRA rules and regulations.
As a rule, a profit-maximizing restaurant owner employs each factor of production up to the point at which the value of the marginal product of the _____ unit of the factor employed is _____ that factor's price.
Answer:
last
equal
Explanation:
A profit maximising producer would produce up to the point where the marginal product of the last unit of factor employed equals the factors price.
After, this point is reached, diminishing returns sets in
A competitive firm maximizes profit at an output level of 500 units, market price is $24, and ATC is $24.50. At what range of AVC values for an output level of 500 would the firm choose not to shut down
Answer:
A firm would shut down if its Current Price P < AVC (Current Price is less than the Average Variable Cost)
Thus, the condition for not shutting down of a firm is P > AVC (Current price is greater than the Average Variable Cost)
When AVC is less than $24, the firm will choose not to shut down because it is covering its variable costs at the current price
You have been hired by a firm in aâ non-information-intensive industry to evaluate its inventory of systems and IT projects. Which types of projects should the firm focusâ on? .
Answer:
High-benefit, low-risk projects
Explanation:
Given that, the firm is in a non-information-intensive industry, it is expected that, in evaluating its inventory of systems and IT projects, the firm should go for the project with low risk and high benefits, because, the IT projects are not their strong points, and it is believed that they do not have the right and competent expertise to tackle and face the challenges that may arise if they try to dive into the high-risk inventory of systems and the IT projects.
Hence, the right answer is High Benefits and Low-Risk projects
1. Improvements in technology.2. Increases in the supply (stock) of capital goods.3. Purchases of expanding output.4. Obtaining the optimal combination of goods, each at least-cost production.5. Increases in the quantity and quality of natural resources.6. Increases in the quantity and quality of human resources.Which set of items in the accompanying list would move an economy from a point inside its production possibilities curve to a point on its production possibilities curve?a. 1, 2, 5, and 6 only.b. 3 and 4 only.c. 1, 3, and 4 only.d. 3 only.More than 75% of the world's income is earned by what percentage of the world's population?a. 10%.b. 40%.c. 20%.d. 5%.
Answer:
1. Which set of items in the accompanying list would move an economy from a point inside its production possibilities curve to a point on its production possibilities curve?
a. 1, 2, 5, and 6 only.
2. More than 75% of the world's income is earned by what percentage of the world's population?
d. 5%.
Explanation:
The above options are the solutions to the questions asked. In terms of the world's income, 5% of the world's population earns 75% of the world's income.
Esther and Holly have a disagreement over which company to present their business idea to. They decide to disregard their different stances on environmental issues and focus solely on which business will provide them with the most resources in the short-term. This is an example of focusing on interests, not positions.
Answer: True
Explanation:
From the question, we are informed that Esther and Holly have a disagreement over which company to present their business idea to and that they decide to disregard their different stances on environmental issues and focus solely on which business will provide them with the most resources in the short-term.
The above scenario shows that Esther and Holly are focusing on interests, and not positions. This is shown by them disregard their different stances and focusing on a common goal.
This clause found in a mortgage ensures that the borrower will maintain clear title on the property in the event the bank is forced to foreclose...? Alienation clause Marketable title clause Acceleration clause Defeasance clause
Answer: Marketable title clause
Explanation:
Marketable title clause is a clause that is found in a mortgage which ensures that the borrower will maintain clear title on the property in the event the bank is forced to foreclose.
A marketable title is a title that can be given to a new owner and it should be noted that there's no likelihood that another party will make claims on it.