Answer: (B) 3.25%
Explanation:
Commercial banks are meant to keep a portion of their total deposits with the Fed. This is called the Reserve requirement. Every day, these commercial banks have to meet this reserve requirement but sometimes they cannot.
When this happens they can balance their account by borrowing from other banks or member institutions of the Federal Reserve who have an excess balance on their reserve. The rate at which they can borrow from these other institutions is called the Federal Funds Rate which according to the question is 3.25%. That is therefore x.
Franklin Corporation just paid taxes of $152,000 on taxable income of $512,000. The marginal tax rate is 35% for the company. What is the average tax rate for the Franklin Corporation?
Answer:
29.69%
Explanation:
Franklin corporation just paid taxes of $152,000
The taxable income is $512,000
Therefore, the average tax rate can be calculated as follows.
= Amount of taxes paid/amount of taxable income
= $152,000/$512,000
= 0.2969×100
= 29.69%
Hence the average tax rate for Franklin's corporation is 29.69%
The one-year call on TLM stock with a strike price of $65 is priced at $2.20 while the one-year put with a strike price of $65 is priced at $11.18. The annual risk-free rate is 3.8 percent, compounded continuously. What is the current price of TLM stock?
Answer:
The answer is "53.60"
Explanation:
Given value:
Exercise price(E) = 65
risk-free rate= 3.8 %= 0.038
calling price (C)= 2.20
one-year put price (P)= 11.18
The value of dividend-yield =0
time = 1 year
stock price =?
calculated value:
[tex]e^{-0.038 \times 1} = 0.962713[/tex]
Formula:
[tex]\bold{S \times e^{-dt} +P = E \times e^{-rt} +c}\\[/tex]
[tex]\to S \times e^{-0.00\times 1}+11.18 =65 \times e^{-0.038 \times 1}+2.2\\\\\to S \times e^{0}+11.18 =65 \times0.962713+ 2.2\\\\\to S \times 1+11.18 =65 \times0.962713+ 2.2\\\\\to S +11.18 =65 \times0.962713+ 2.2\\\\\to S+11.18 = 62.576345+2.2\\\\\to S+11.18 = 64.776345\\\\\to S= 64.776345-11.18\\\\\to S= 53.596345 \ \ or \ \ 53.60[/tex]
On January 1, a company issues bonds dated January 1 with a par value of $380,000. The bonds mature in 5 years. The contract rate is 7%, and interest is paid semiannually on June 30 and December 31. The market rate is 6% and the bonds are sold for $396,210. The journal entry to record the issuance of the bond is
Answer:
See explanation
Explanation:
Selling Price of Bonds =396,210
Journal Entry
Date Account Title and Explanation Debit Credit
1 Jan Cash $396,210
Bond payable $380,000
Premium on bond payable $ 16,210
(To record issuance of bond)
Working
Premium On Bonds Payable = Selling Price of Bonds - Value of Bonds
= $396,210 - $380,000 = $ 16,210
Interest payment:
Semi-annual interest = 7%× 380,000× 1/2 =13,300
Date Account Title and Explanation Debit Credit
June 30 Bond interest expense $13,300
Cash $13,300
(To record semi annual interest paid on bond)
Lei Corporation has bonds on the market with 22.5 years to maturity, a YTM of 6.9 percent, a par value of $1,000, and a current price of $1,057. The bonds make semiannual payments. What must the coupon rate be on these bonds
Answer:
7.4%
Explanation:
Coupon rate=coupon payment/face value
The coupon payment can be ascertained using the pmt Excel function as stated below:
=pmt(rate,nper,-pv,fv)
rate is the yield to maturity expressed in semiannual terms i.e 6.9%*6/12=3.45%
nper is the number of semiannual coupons the bond would pay over its 22.5 years i.e 22.5*2=45 payments
pv is the current price of $1057
fv is the face value of $1000
=pmt(3.45%,45,-1057,1000)=$37(semiannual coupon)
annual coupon=$37*2=$74
coupon rate=$74/$1000=7.4%
You own a portfolio that is invested 35 percent in Stock X, 20 percent in Stock Y, and 45 percent in Stock Z. The expected returns on these three stocks are 9 percent, 15 percent, and 12 percent, respectively. What is the expected return on the portfolio? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Answer:
Expected return - Portfolio = 0.1155 or 11.55%
Explanation:
The expected return on the portfolio is the weighted average of the expected returns of the individual stocks that form up the portfolio. Thus, the formula for the expected return of the portfolio is,
Expected return - Portfolio = rA * wA + rB * wB + ... + rN * wN
Where,
rA, rB, ... represents the expected return on stock A, return on stock B and so onw represents the weight of each stock in the portfolioExpected return - Portfolio = 0.09 * 0.35 + 0.15 * 0.2 + 0.12 * 0.45
Expected return - Portfolio = 0.1155 or 11.55%
Your investment bank has an investment of $100 million in the stock of the Swiss Roll Corporation and a short position in the stock of the Frankfurter Sausage Company. Here is the recent price history of the two stocks:
Answer:
hello your question is incomplete below is the complete question and the missing table
Your investment bank has an investment of $100 million in the stock of the Swiss Roll Corporation and a short position in the stock of the Frankfurter Sausage Company. Here is the recent price history of the two stocks: on the evidence of these six months how large would your short position in Frankfurter sausage needed to be to hedge you as far as possible against movements in the price of swiss Roll
answer : $42003667
Explanation:
$100 million in stocks
According to the data provided in the table attached below, to short the Frankfurt in order to hedge investment in Rolls is calculated below
we have to calculate the total return on both Roll corporation and Frankfurter sausage
for f-sausage
∑ (1 + monthly returns ) / 100
= ( 1 - 0.1 + 1 - 0.1 .... + 1 + 0.1 ) = -0.0297 = -2.97%
for Roll corporation
∑ (1 + monthly returns ) / 100
= ( 1 - 0.1 + 1 - 0.05 .... + 1 + 0.1 ) = -0.012475 = - 1.24%
next we will calculate the total loss inquired when investing in Roll corporation
Total loss = percentage loss * total investment
= 0.012475 * $100 million = - $ 1247500
we will have to offset the loss by shorting investments in F sausage
hence : $1247500 = investment in sausage * total return
1247500 = investment in sausage * 0.0297 ( The total return of F sausage is positive because it was a short position )
hence short investment in F sausage to offset loss incurred in ROLLS INVESTMENT
= 1247500 / 0.0297 = $42003667
Companies like GE have committed significant resources to develop products that meet the needs of developing nations, products that deliver just enough adequate functionality at a fraction of a cost. interesting, these products have consequently found considerable success in value segment in the U.S as well. this is an example of:________.
Answer:
reverse innovation
Explanation:
Based on this scenario, this is an example of reverse innovation. This term refers to the process whereby goods developed as inexpensive models to meet the needs of developing nations are repackaged as low-cost innovative goods for Western buyers. There are many companies that have created such products, these include companies like Nestle, Xerox, Microsoft, and even Nokia each of which in their respected markets.
Geographically dispersed work groups no longer pose additional communication challenges given todays technology.
a) true
b) false
The given statement is False Option(b) is correct.
What are work groups?A Working group, or working party, is a group of specialists working together to accomplish indicated objectives. The groups are space explicit and center around conversation or action around a particular branch of knowledge.
A working group's presentation is comprised of the singular consequences of all its singular individuals. A group's presentation is comprised of both individual outcomes and aggregate outcomes. In enormous associations, working groups are predominant, and the attention is dependably on individual objectives, execution and accountabilities.
Working group individuals don't get a sense of ownership with results other than their own. Then again, groups require both individual and common responsibility. There is more data sharing, more group conversations and discussions to show up at a group choice The life expectancy of a working group can endure anyplace between a couple of months and quite a long while. Such groups tend to foster a semi extremely durable presence when the relegated task is achieved consequently the need to disband or gradually eliminate the working group when it has accomplished its objective.
Therefore Option(b) is correct.
Learn more about work group here:
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Debt: 5,000 7.2 percent coupon bonds outstanding, $1,000 par value, 30 years to maturity, selling for 108 percent of par; the bonds make semiannual payments. Common stock: 440,000 shares outstanding, selling for $62 per share; the beta is 1.05. Market: 11 percent market risk premium and 5.2 percent risk-free rate. What is the company's WACC?
Answer:
outstanding, $1,000 par value, 30 years to maturity, selling for 108 percent of par; the bonds make semiannual payments. Common stock: 440,000 shares outstanding, selling for $62 per share; the beta is 1.05. Market: 11 percent market risk premium and 5.2 percent risk-free rate. What is the company's WACC
Exotech Computers manufactures computer components such as chips, circuit boards, motherboards, keyboards, LCD panels, and the like and sells them around the world. It wants to construct a new warehouse/distribution center in Asia to serve emerging Asian markets. It has identified sites in Shanghai, Hong Kong, and Singapore and has rated the important location factors for each site as follows:Location Factors Weight Scores (0 to 100) Shanghai Hong Kong SingaporePolitical Stability 0.25 50 80 90Economic Growth 0.18 90 80 75Port Facilities 0.15 60 95 90Container Support 0.10 50 80 90Land & Constr. Cost 0.08 90 50 30Transp/Distribution 0.08 50 80 70Duties & Tariffs 0.07 70 90 90Trade Regulations 0.05 70 95 95Airline Service 0.02 60 80 70Area Roads 0.02 60 70 80Recommend a site based on these location factors and ratings.
Answer:
Hong-Kong has the maximum weighted score. Hence, it will be selected for the best site for the construction of warehousing/distribution center.
Explanation:
SHANGHAI
Weight Shanghai Weighted Score(W*S)
Political Stability 0.25 50 12.5
Economic Growth 0.18 90 16.2
Port Facilities 0.15 60 9
Container support 0.1 50 5
Land & Construction 0.08 90 7.2
Trans/Distribution 0.08 50 4
Duties & Tariffs 0.07 70 4.9
Trade Regulations 0.05 70 3.5
Airline Service 0.02 60 1.2
Area Roads 0.02 60 1.2
TOTAL 64.7
HONG-KONG
Weight Hong-Kong Weighted Score(W*S)
Political Stability 0.25 80 20
Economic Growth 0.18 80 14.4
Port Facilities 0.15 95 14.25
Container support 0.1 80 8
Land & Construction 0.08 50 4
Trans/Distribution 0.08 80 6.4
Duties & Tariffs 0.07 90 6.3
Trade Regulations 0.05 95 4.75
Airline Service 0.02 80 1.6
Area Roads 0.02 70 1.4
TOTAL 81.1
SINGAPORE
Weight Singapore Weighted Score(W*S)
Political Stability 0.25 90 22.5
Economic Growth 0.18 75 13.5
Port Facilities 0.15 90 13.5
Container support 0.1 90 9
Land & Construction 0.08 30 2.4
Trans/Distribution 0.08 70 5.6
Duties & Tariffs 0.07 90 6.3
Trade Regulations 0.05 95 4.75
Airline Service 0.02 70 1.4
Area Roads 0.02 80 1.6
TOTAL 80.55
Valve is a software company that makes video games. Officially, all the employees report to the CEO. There are no other official managers. This means the CEO’s ________ is larger than generally recommended.
Answer: B, Span of control
Explanation:
A manager's span of control refers to how many people report under them. If an employee can report directly to a manager then they are in that manager's span of control.
Spans of control should not be so large that they can lead to inefficiency. Modern organizational experts recommend a span of control between 5 - 15 subordinates.
Every organization should have managers so that information and decisions can be handled faster and to achieve diversification of labor which improves efficiency. In the scenario mentioned, the company will probably not be efficient because for instance, all information will have to flow to the CEO for decision making before being approved making the decision making process slower which could be costly when time is of the essence.
You are considering 2 investment alternatives. The first is a stock that pays quarterly dividends of $0.25 per share and is trading at $30 per share; you expect to sell the stock in 6 months for $34. The second is a stock that pays quarterly dividends of $0.50 per share and is trading at $27 per share; you expect to sell the stock in 1 year for $30. Which stock will provide the better annualized holding period return?
Answer:
Option 1
Explanation:
The computation is shown below:
For option 1
Dividend received in 6 month is
= $0.25 × 2
= $0.50
Now
Profit from the sale of stock is
= sale price - purchase price
= $24 - $20 i
= $4
So,
Net proceed received from stock is
= dividend + profit from the sale
= $0.50 + $4
= $4.50
Now
Holding period return for 6 months is
= (Net proceed received ÷ purchase price) ×100
= ($4.50 ÷ $20) × 100
= 22.5 %
So,
Annualized holding period return is
= 22.5% × 2
= 45%
For Option 2
Dividend received in 1 year is
= $0.50 × 4
= $2
Profit from sale of stock is
= $30 - $27
= $3
Net proceeds from stock is
= $2 + $3
= $5
So,
Annualized holding period return is
= ($5 ÷ $27) × 100
= 18.52%.
As we can see that option 1 contains higher return so it would be selected
Assume that you manage a risky portfolio with an expected rate of return of 14% and a standard deviation of 38%. The T-bill rate is 5%. Your client chooses to invest 85% of a portfolio in your fund and 15% in a T-bill money market fund.
a. What is the expected return and standard deviation of your client's portfolio? (Round your answers to 2 decimal places.)
Expected return % per year
Standard deviation % per year
b. Suppose your risky portfolio includes the following investments in the given proportions:
Stock A 22%
Stock B 31%
Stock C 47%
What are the investment proportions of your clientâs overall portfolio, including the position in T-bills? (Round your answers to 2 decimal places.)
Security Investment
Proportions
T-Bills %
Stock A %
Stock B %
Stock C %
c. What is the reward-to-volatility ratio (S) of your risky portfolio and your client's overall portfolio? (Round your answers to 4 decimal places.)
Reward-to-Volatility Ratio
Risky portfolio
Clientâs overall portfolio
Answer and Explanation:
The computation is shown below:
a. The expected return and standard deviation is as follow
Expected Return is
= 85% × 14% + 15% × 5%
= 12.65% per year
Now
Standard Deviation is
= 85% × 38%
= 32.3% per year
b.
The investment proportions are as follows
T bills = 15%
Amount invested Stock A is
= 85% × 22%
= 18.70%
Amount invested Stock B is
= 85% × 31%
= 26.35%
Amount invested Stock C is
= 85% × 47%
= 39.95%
c.
As we know that
Reward-to-variability Ratio = (Return of Risky Portfolio - Return of T-Bills) ÷ Standard Deviation of Risky Portfolio
= (14% - 5%) ÷ 38%
= 0.2368
Client’s Reward-to-variability Ratio = (Client Portfolio return - Return of T-Bills) ÷ Client Portfolio Standard Deviation
= (12.65% - 5%) ÷ 32.3%
= 0.2368
Flagstaff, Inc. uses standard costing for its one product, baseball bats. The standards call for 3 board-feet of wood at $1.40 per board-foot, and 45 minutes of work at $12 per hour per bat. Total manufacturing overhead costs were estimated at $9,450, of which the variable portion was $0.50 per bat and the fixed portion was $1.00 per bat with an estimate of 6,300 bats to be produced. Flagstaff identifies price variances at the earliest possible point in time.During March, the company had the following results:Direct labor used = 4,800 hours at a cost of $56,400Actual manufacturing overhead fixed costs = $6,000Actual manufacturing overhead variable costs = $3,100Bats produced = 6,000Instructions
Compute the following variances for March.
1. Labor quantity variance
2. Total labor variance
3. Overhead controllable variance
4. Overhead volume variance
Answer:
1. $3,600 (Favorable)
2.$2,400 (Favorable)
3. $200 (Favorable)
4. $299 (Unfavorable)
Explanation:
1. Labor quantity variance = (Actual hours * Standard rate) - ( Standard hours * Standard rate)
= (4,800* $12) - {(3/4 * 6,000) * $12)
= $57,600 - $54,000
= $3,600 (Favorable)
2. Total labor variance = (Actual hours * Actual rate) - (Standard hours * Standard rate)
= (4,800 * $11.75) - {(3/4 * 6,000) * $12}
= $56,400 - $54,000
= $2,400 (Favorable)
3. Overhead controllable variance = Actual overhead - Overhead budgeted
= ($3,100 + $6,000) - {($0.50 * 6,000) + $6,300}
=$9,100 - $9,300
= $200 (Favorable)
4. Overhead volume variance = (Normal hours - Standard hours) * Fixed overhead rate
= {(6,300 * 3/4) - 4,500} * ($1.00 + 3/4)
= 225 * $1.33
= $299.25 (Unfavorable)
Define perceptual selection and describe the types of filters that prevent clear perception and the reception of marketing stimuli
Answer: The answer is given below.
Explanation:
Perceptual selection simply implies that individuals attend to a little portion of stimuli where they're exposed. Perceptual filters, influences the decisions individuals make.
Perceptual vigilance is a filter that occurs due to the fact that consumers are likely to know the stimuli that will relate to their needs currently.
Perceptual defense simply means individuals only see whatever they feel like seeing and won't see what they aren't interested in seeing.
Adaptation has to do with noticing of a particular stimulus by consumers and the factors influencing this are. duration, intensity, exposure,, and relevance.
A advertising agency provides a complete range of services, including marketing research, media selection, copy development, artwork, and production.
a. True
b. False
Answer:
a. True
Explanation:
The advertising agency that provides a complete range of services with respect to research of market, selection of media, copy development, artwork, production, etc
This agency we called as a full service agency in which all the services are provided at one place
Therefore the given statement is true
hence, the correct option is A. True
Alistar Inc. recently issued $90 par value preferred stock that pays a 8.25% dividend rate per year. If the stock is currently selling for $85, what is the expected return of this preferred stock?
Answer: 8.735%
Explanation:
From the question, we are informed that Alistar Inc. recently issued $90 par value preferred stock that pays a 8.25% dividend rate per year and that the stock is currently selling for $85.
The expected return of this preferred stock will be calculated this:
The annual dividend will be:
= $90 × 8.25%
= $90 × 0.0825
= $7.425
The expected return on the preferred stock will be:
= Annual dividend ÷ Current price
=$7.425 ÷ $85
=0.08735
=8.735%
For each of the following items, indicate to which major group of the CPI the item belongs: a. Tuition payments to your university: (Click to select) b. A new desk for your dorm room or apartment: (Click to select) c. An airline ticket to Florida to be used during spring break: (Click to select) d. A 12-pack of beer to be used during spring break: (Click to select) e. Tickets to a local concert: (Click to select) f. A late night visit to the emergency room: (Click to select)
Answer:
Consumer Price Index is used as an indicator of inflation and is calculated by averaging price changes in a basket of household items including services provided to households overtime.
These items fall under groups and the major ones are;
MedicareRecreationTransportationHousing Food and BeveragesEducation and Communicationa. Tuition payments to your university: Education and Communication
b. A new desk for your dorm room or apartment: Housing
c. An airline ticket to Florida to be used during spring break: Transportation
d. A 12-pack of beer to be used during spring break: Food and Beverages
e. Tickets to a local concert: Recreation
f. A late night visit to the emergency room: Medicare
You bought a stock one year ago for $48.28 per share and sold it today for $55.92 per share. It paid a $1.38 per share dividend today. What was your realized return?
Answer: 17.9%
Explanation:
From the question, a stock was bought one year ago for $48.28 per share and sold today for $55.92 per share and also paid a $1.38 per share dividend today.
The realized return will be calculated as:
Po = (P1 + D1) ÷ (1+Re)
48.28 = (55.92 + 1)/(1 + Re)
48.28 = 56.92/(1 + Re)
Cross multiply
48.28 + 48.28Re = 56.92
48.28Re = 56.92 - 48.28
48.28Re = 8.64
Re = 8.64/48.28
Re = 0.179 = 17.9%
Paradise, Inc., has identified an investment project with the following cash flows.Year Cash Flow1 = $5752= $ 8253= $1,1254 =$1,325(a) If the discount rate is 11 percent, what is the future value of these cash flows in year 4?(b) What is the future value at a discount rate of 16 percent? (c) What is the future value at discount rate of 29 percent?
Answer and Explanation:
The computation of the future value is shown below;
a. For the year 4
Future value is
= ($575 × 1.11^3) + ($825 × 1.11^2) + ($1,125 × 1.11) + ($1325)
= $4,275.89
b. At 16%
Future value is
= ($575 × 1.16^3) + ($825 × 1.16^2) + ($1,125 x 1.16) + ($1,325)
=$4,637.64
c. At 29%
Future value is
= ($575 × 1.29^3) + ($825 × 1.29^2) + ($1125 × 1.29) + ($1,325)
= $5,383.48
Gerritt wants to buy a car that costs $30,750. The interest rate on his loan is 5.65 percent compounded monthly and the loan is for 7 years. What are his monthly payments
Answer:
$444.07
Explanation:
EMI = [P * I * (1+I)^N]/[(1+I)^N-1]
P =loan amount or Principal = 30750
I = Interest rate per month = .0565/12
N = the number of installments = 7*12 = 84
EMI = [30750*.0565/12* (1+(.0565/12))^84]/[(.0565/12))^84-1]
EMI = [30,750 * 0.0565 / 12 * 1.48374877204] / [1.48374877204 - 1]
EMI = 214.819001902 / 0.48374877204
EMI = $444.07
A fully amortized loan has a 360 month payment schedule with principal and interest payments of $2588 each month. The amortization of this loan will pay off the loan in:
Answer:
30 years.
Explanation:
I sell shoes for $250 per pair. They cost me $25 to produce. My markup on cost is:______
A. $2
B. 9096
C. 900%
D. None of the above.
Answer:
Markup percentage= 900%
Explanation:
Giving the following information:
I sell shoes for $250 per pair. They cost me $25 to produce.
To calculate the markup percentage, we need to use the following formula:
Markup percentage= [(selling price - unitary cost)/unitary cost]*100
Markup percentage= [(250 - 25)/25]*100
Markup percentage= 900%
"Preliminary or architectural design is the activity that begins the transition from the analysis, or business domain, to the _______ domain"
Answer:
Data
Explanation:
Architectural Domain is a business term that describes the whole enterprise architecture in order to enhance business efficiency. It is divided into four, in which the process of architectural design moves from one domain to another. These domains are:
1. Business Domain
2. Data Domain
3. Application Domain
4. Technology Domain
Therefore, Preliminary or architectural design is the activity that begins the transition from the analysis, or business domain, to the Data Domain.
"You are in the middle of a discussion with an institutional client over the phone, where you recommend that the client buy 100,000 shares of ABC stock. It looks like the client may be interested in making the purchase. Your cubicle is within earshot of the neighboring cubicle. Just before your client tells you take the order to buy, you overhear your colleague, the representative in the neighboring cubicle, selling 10,000 shares of ABC stock to his client. Which statement is TRUE about this situation?"
Answer:
The colleague has committed a violation because your customer's order could move the price of ABC stock
Explanation:
Front running is also called tailgating. It is a prohibited practice where a trader enters into a position security based on non-public information about a large trade that will influence the price of the security.
The trade is initiated to take advantage of the new price that the large trade will cause. The position is entered before the large trade occurs.
In this scenario your neighbour heard you telling your client to but 100,000 share of ABC. Because the transaction will influence the market he also tells his client to buy 10,000.
This is tailgating and it is a violation.
Ms. Jackson borrowed $42,000 at 8.75% annual simple interest. If exactly 1 year later she was able to repay the loan without penalty, how much interest would she owe
Answer:
$3675
Explanation:
Interest = principal x interest rate x year
= $42,000 x 0.0875 x 1 = $3675
The following information was available for the year ended December 31, 2016: Net sales $ 857,750 Cost of goods sold 609,550 Average accounts receivable for the year 39,900 Accounts receivable at year-end 29,400 Average inventory for the year 174,000 Inventory at year-end 157,800
Required:
a. Calculate the inventory turnover for 2016. (Round your answer to 2 decimal places.)
b. Calculate the number of days' sales in inventory for 2016, using year-end inventories. (Use 365 days a year. Round your answer to 1 decimal place.)
c. Calculate the accounts receivable turnover for 2016. (Round your answer to 1 decimal place.)
d. Calculate the number of days' sales in accounts receivable for 2016, using year-end accounts receivable. (Use 365 days a year. Round your answer to 1 decimal place.)
Answer:Inventory turnover = 3.50 Times
Number of days sales in inventory= 94.5 Days
Accounts Receivable Turnover = 21.5 Times
Number of days sales in accounts receivable =12.5 days
Explanation:
a) Inventory turnover = Cost of goods sold / Average inventory
$609,550 / $174,000 = 3.50 Times
b)Number of days sales in inventory = inventory at year end / Cost of goods sold x 365
$157,800 / $609,550 x 365 = 94.49≈94.5 Days
.
c)Accounts Receivable Turnover = Net sales / Average accounts Receivable for the year
$857,750/$39,900 = 21.49≈ 21.5 Times
d)Number of days sales in accounts receivable = end of year Accounts Receivable / Net credit sales x 365
$29,400 / $857,750 x 365 = 12.51 ≈ 12.5 days
Two dimensions of product quality are hard to measure objectively and are therefore subject to subjective assessment. One of those subjective dimensions is:
Complete Question:
Two dimensions of product quality are hard to measure objectively and are therefore subject to subjective assessment. One of those subjective dimensions is:
Group of answer choices
A. Reliability
B. Perceived quality
C. Support
D. Features
Answer:
B. Perceived quality.
Explanation:
Two dimensions of product quality are hard to measure objectively and are therefore subject to subjective assessment. One of those subjective dimensions is perceived quality.
The perceived quality of goods and services is primarily based on the premise that, the consumers are the one responsible for the breakdown of how efficient and effective a product is.
Jim transfers money from his money market account to his savings account. This action:________.
a. reduced Ml and increases M2.
b. increases Ml and reduces M2.
c. has no effect on MI or M2.
d. increases Ml and M2.
Answer:
a.reduced MI and increases M2
Explanation:
Hope that help you!!
At her death Siena owned real estate worth $200,000 that was titled with her sister in joint tenancy with the right of survivorship. Siena contributed $50,000 to the total cost of the property and her sister contributed the remaining $75,000. What amount, if any, is included in Siena's gross estate?
A. $80,000.
B. $125,000.
C. $50,000.
D. $100,000.
E. None of the choices are correct.
Answer:
$80,000
Explanation:
Sienna owned $200,000 worth of real estate at her death
This real estate was titled with her sister in joint tenancy with the right of ownership
Sienna contributed $50,000 to the total cost of the property
Her sister contributed the remaining $75,000
The first step is to determine the portion contributed by Sienna
= $50,000/$50,000+$75,000
= $50,000/$125,000
= 0.4×100
= 40%
Therefore, the amount that should be included in Sienna's gross estate can be calculated as follows
= 40/100 × $200,000
= 0.4 × $200,000
= $80,000
Hence the amount that should be included in Sienna's gross estate is $80,000