Select the correct answer.
Athletes can have short playing careers, so they are eager to leverage their fame through endorsements as much as possible. What is the risk of such an approach?
A.
There’s saturation of the market with multiple endorsements.
B.
Only certain companies will be interested.
C.
Consumers will start to lose interest.
D.
Their perceived endorsement value will be low.

Answer: I believe the answer is a

Explanation:

Strongheart Enterprises anticipated selling 27,000 units of a major product and paying sales commissions of $6 per unit. Actual sales and sales commissions totaled 27,500 units and $171,400, respectively. If the company used a flexible budget for performance evaluations, Strongheart would report a cost variance of: Multiple Choice $6,400F. $9,400F. None of the answers is correct. $9,400U. $6,400U.

John received a promotion at work and felt new clothes would be necessary in the new position. John went to a local store and charged three ties on his charge account at a cost of $60 each. Bill, a friend of John's, saw a sidewalk vendor selling ties at a cost of three for $10 and bought three at that price. The friends compared purchases that night and found that they had purchased identical ties. John became enraged and said that he would not pay the charge-account bill because the ties were clearly not worth $60 each. Bill indicated that he would testify on John's behalf if litigation ensued. What would be the probable outcome of the lawsuit

Inventory by Three Methods The units of an item available for sale during the year were as follows:
Jan.1 Inventory 26 units at $200 per unit
Feb. 19 Purchase 57 units at $230 per unit
June 8 Purchase 60 units at $520 per unit
Oct. 7 Purchase 56 units at $275 per unit
There are 47 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost under each of the following methods.
a. Determine the inventory cost by the first-in, first-out method.
b. Determine the inventory cost by the last-in, first-out method
c. Determine the inventory cost by the average cost method. Do not round intermediate calculation and round final answer to the nearest whole value.

Matching. A shopper is in the grocery store, trying to decide whether to buy apples of a particular variety. Identify the food product attribute that most closely corresponds to each scenario. A. The shopper sees bruises on the apple. B. The shopper knows the apple variety tends to have a mealy texture. C. The shopper notices the PLU code, indicating the apple is USDA Organic.

Cost of Living The City of St. Albans has a unionized police force that is coming up for a contract renewal. The police have one issue: the cost of living increases. During the past 10 years, police officers have received minimal cost of living increases, and this time they want to match what other police forces are making. They claim that their salaries are below the national level. The incoming new police hire earns a salary of $48,200.

Required:
Prepare the data and an argument on behalf of the police officers to support their position.

In this exhibit (Simultaneous Shifts in Demand and Supply), D1 and S1 are original supply and demand curves, and S2 and D2 are new curves. In this market, the change in supply may have resulted from: Select one: a. wage increases for the workers. b. an improvement in technology. c. a decrease in the number of sellers. d. all of the above.

Scenario: You are in the market for a new car. You do not have a trade-in, but you have saved $3,000 toward a down payment. You currently earn $3,750.00 gross monthly income, of which 28% is withheld for various deductions. You have heard of the 20% rule of thumb, but want to limit your payments to no more than 18% of your net monthly income because of other debt commitments. You currently have a credit score of 685. You expect to drive the car an average 15,000 miles per year.
You're considering purchasing a used-rather than new car. This strategy offers several advantages. Which of the following is not an advantage of purchasing a used car?
A. The reduced down payment required for the purchase
B. A lack of knowledge and confidence in the mechanical condition of the car
C. The price of the automobile
D. Avoidance of the vehicle's significant decrease in value due to depreciation

Carter Corporation's partial income statement after its first year of operations is as follows: Income before income taxes $3,750,000 Income tax expense Current $1,035,000 Deferred 90,000 1,125,000 Net income $2,625,000 Carter uses the straight-line method of depreciation for financial reporting purposes and accelerated depreciation for tax purposes. The amount charged to depreciation expense on its books this year was $2,400,000. No other differences existed between book income and taxable income except for the amount of depreciation. Assuming a 20% tax rate, what amount was deducted for depreciation on the corporation's tax return for the current year

Hillary graduates from law school and gets a position in a law firm. At the same time the price of hamburger falls while other food prices have stayed the same. She notices that she buys less hamburger than she did before. Is she violating the law of demand?

Uber and Lyft Drivers Go on Strike This activity is important because fairness gives employees observable evidence of trustworthiness of a manager, company or other source. Managers should know the types of justice and how they can exhibit those to gain trust. Trust is a strong predictor of organizational commitment and a moderate predictor of job performance. The goal of this exercise is to demonstrate your understanding of justice, by reading a case and answering questions that follow. Read the following case about Uber and Lyft and answer the questions that follow. Uber and Lyft drivers went on strike in several U.S. major cities the week of May 6, 2019, holding rallies and, in some cases, drivers not working for 12 to 24 hours. The drivers were protesting a pay decrease per mile and seeking better benefits. Lyft and Uber drivers are independent contractors, so they do not qualify for the same benefits and protections that govern typical employees. Drivers aren't guaranteed minimum wage or overtime, for example. Currently, Uber offers some benefits for high volume drivers, such as discounts on car repair and maintenance. Lyft and Uber have pushed back, with Lyft saying that most drivers work 10 hours or fewer a week and wouldn't qualify for benefits anyway. The timing of the strikes was no accident because Uber faced its IPO (initial public offering) the same week. Since then, Uber reported its largest quarterly loss in August 2019 of $5.2 billion. Furthermore, Lyft's shares fell 20% since its March 2019 IPO. If drivers were considered employees, they would get the same benefits and labor protection of other employees. Legally, they would be entitled to unemployment insurance, health care subsidies, overtime pay and a guaranteed minimum wage, among other rights. The lawsuit currently progressing through the court system in California is projected to be passed into law by the state senate. Uber and Lyft are not the only companies using "gig" workers. For example, another booming business model is food delivery, like Grubhub and DoorDash. Part of these companies' pushback is saying they will not be able to employ as many people due to the costs of benefits. In California, Uber is estimated to have 140,000 drivers and Lyft to have 80,000 drivers. Barclays, a renowned worldwide financial services company, estimated that benefits, payroll taxes and workers compensation would cost Uber $508 million per year and Lyft $290 million per year, assuming the same number of drivers were employed. In June 2019, Uber's and Lyft's top executives joined together to write an op ed in the San Francisco Chronicle to explain their arguments and promise to address the quality of work and job security. In their op ed, the executives sought to provide information to the public and drivers about their positions regarding providing benefits to drivers, showing the desire to increase justice. By relying on a respected source of information (Barclays), the executives appeared to use the rule of Multiple Choice procedural: truthfulness informational; procedure O Interpersonal: Informational O о informational; truthfulness interpersonal: procedure Drivers sought to advocate not just for full-time drivers, but part-time drivers too, seeking justice according to the rule of Multiple Choice О accuracy. propriety O O representativeness. volce. O truthfulness Drivers stated that they should have benefits that represent the number of hours they work, more for full-time drivers and fewer for part-time drivers, in the same way the company provides for their corporate employees. This suggests the drivers' desire for benefits allocated according to . a type of justice. Multiple Choice equity, procedural O need; procedural O O equality procedural U equity, distributive O O need: distributive Because the Uber and Lyft drivers sought a decision through the standard mechanisms of the court system, they appear to have focused on a desire for what type of justice?
a. procedural
b. interpersonal
c. informational
d. interdependent
e. distributive

The Sisyphean Company is planning on investing in a new project. This will involve the purchase of some new machinery costing $400,000. The Sisyphean Company expects cash inflows from this project as detailed below: Year 1 Year 2 Year 3 Year 4 $157,452.975 / $157,452.975/ $157,452.975/ $157,452.975 The appropriate discount rate for this project is 15%. The internal rate of return (IRR) for this project is closest to ________.

The following information is available for Pioneer Company:
Sales price per unit is $100. November and December, sales were budgeted at 2,920 and 3,510 units, respectively. Variable costs are 11 percent of sales (6 percent commission, 3 percent advertising, 2 percent shipping). Fixed costs per month are sales salaries, $5,300; office salaries, $2,700; depreciation, $2,900; building rent, $4,000; insurance, $1,500; and utilities, $700..
Required:
Determine Pioneer's budgeted selling and administrative expenses for November and December.

Select the true statement about default risk. It is the risk that the bond's price will fall below its par value. Bondholders have a degree of legal protection against default risk, but it is not comprehensive. Default risk relates to a bond's periodic coupon payments, but not to its maturity payment. Bondholders are guaranteed to be repaid in full if a company enters bankruptcy.

12. Allen Steel Company is considering whether to build a new mill. If the interest rate falls, a. the present value of the returns from the mill will fall, so Allen will be less likely to build the mill. b. the present value of the returns from the mill will fall, so Allen will be more likely to build the mill. c. the present value of the returns from the mill will rise, so Allen will be less likely to build the mill. d. the present value of the returns from the mill will rise, so Allen will be more likely to build the mill.

As a result of a thorough physical inventory, Sheridan Company determined that it had inventory worth $320800 at December 31, 2020. This count did not take into consideration the following facts: Herschel Consignment currently has goods worth $46300 on its sales floor that belong to Sheridan but are being sold on consignment by Herschel. The selling price of these goods is $74900. Sheridan purchased $22000 of goods that were shipped on December 27, FOB destination, that will be received by Sheridan on January 3. Determine the correct amount of inventory that Sheridan should report.

The Assembly Department for Right pens has the following production data for the current month.
Beginning Work in Process Units Transferred Out Ending Work in Process
0 15,000 10,000
Materials are entered at the beginning of the process. The ending work in process units are 50% complete as to conversion costs.
Compute the equivalent units of production for (a) materials and (b) conversion costs.

On June 15, Oakley Inc. sells inventory on account to Sunglass Hut (SH) for $3,500, terms 2/10, n/30. On June 20, SH returns to Oakley inventory that SH had purchased for $800. On June 24, SH completely fulfills its obligation to Oakley by making a cash payment. What is the amount of cash paid by SH to Oakley

A municipal power plant uses natural gas from an existing pipeline at an annual cost of $10,000 per year. A new pipeline would initially cost $35,000, but it would reduce the annual cost to $4000 per year. Assume an analysis period of 20 years and no salvage value for either pipeline. The interest rate is 7%. Using the equivalent uniform annual cost (EUAC), should the new pipeline be built

Dry-Sand Company is considering investing in a new project. The project will need an initial investment of $1,200,000 and will generate $600,000 (after-tax) cash flows for three years. However, at the end of the fourth year, the project will generate -$500,000 of after-tax cash flow due to dismantling costs. Calculate the MIRR (modified internal rate of return) for the project if the cost of capital is 15 percent. The reinvestment rate is 12 percent. Multiple Choice 20.4 percent 11.5 percent 28.2 percent 12.6 percent

Miramar Industries manufactures two products, A and B. The manufacturing operation involves three overhead activities - production setup, material handling, and general factory activities. Miramar uses activity-based costing to allocate overhead to products. An activity analysis of the overhead revealed the following estimated costs and activity bases for these activities:

Activity Cost Activity Base
Production Setup $250,000 Number of setups
Material Handling $150,000 Number of parts
General Overhead $80,000 Number of direct labor hours

Each productâs total activity in each of the three areas are as follows:

Product A Product B
Number of setups 100 300
Number of parts 40,000 20,000
Number of direct labor hours 9,000 12,000
What is the activity rate for General Overhead?
A. $4.00 per direct labor hour
B. $3.81 per direct labor hour
C. $6.71 per direct labor hour
D. $4.20 per direct labor hour

Islander Inc. is a new firm in a rapidly growing industry. The company would be paying $2.50 in dividend next year. After that the company intends to grow the dividend at a 8% rate annually over a long period. You plan to buy the stock now and expect to sell it for $48.23 three years from now. What price must you pay now if your required rate of return is 10%

Elbert Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $26,770 in the first quarter, and $5,240 increments are expected in the remaining quarters of 2020. Fixed expenses are expected to be $41,680 in each quarter. Prepare the selling and administrative expense budget by quarters and in total for 2020.

North Company has completed all of its operating budgets. The sales budget for the year shows 50,900 units and total sales of $2,301,800. The total unit cost of making one unit of sales is $23. Selling and administrative expenses are expected to be $303,800. Interest is estimated to be $11,820. Income taxes are estimated to be $200,800. Prepare a budgeted multiple-step income statement for the year ending December 31, 2020.

Velocity, a consulting firm, enters into a contract to help Burger Boy, a fast-food restaurant, design a marketing strategy to compete with Burger King. The contract spans eight months. Burger Boy promises to pay $93,000 at the end of each month. At the end of the contract, Velocity either will give Burger Boy a refund of $31,000 or will be entitled to an additional $31,000 bonus, depending on whether sales at Burger Boy at year-end have increased to a target level. At the inception of the contract, Velocity estimates an 80% chance that it will earn the $31,000 bonus and calculates the contract price based on the expected value of future payments to be received. At the start of the fifth month, circumstances change, and Velocity revises to 60% its estimate of the probability that it will earn the bonus. At the end of the contract, Velocity receives the additional consideration of $31,000. At the end of the contract, Velocity receives the additional consideration of $29,000.

Required:
a. Prepare the journal entry to record revenue each month for the first four months of the contract.
b. Prepare the journal entry that the Velocity Company would record after four months to recognize the change in estimate associated with the reduced likelihood that the bonus will be received.
c. Prepare the journal entry to record the revenue each month for the second four months of the contract.
d. Prepare the journal entry after eight months to record receipt of the cash bonus.

if this paper takes 2 hours and there are 100 questions in all, what is the average time you should spend on each question?​

Questionnaires on situational leadership often ask for respondents to look at specific applications of leadership styles within situations, which may result in _____. Group of answer choices negative perceptions toward organizations a wide range of responses that are hard to validate biased results in favor of situational leadership results that are not in favor of situational leadership

Your company is estimated to make dividends payments of $2.1 next year, $3.6 the year after, and $4.2 in the year after that. The dividends will then grow at a constant rate of 6% per year. If the discount rate is 9% then what is the current stock price

Why were metal Coins suitable by then​

For the year, Redder Company has cost of goods manufactured of $600,000, beginning finished goods inventory of $200,000, and ending finished goods inventory of $250,000. The cost of goods sold is​

Multipoint pricing occurs when a company buys products at a cheaper rate in one country to sell at a higher price in another country. allows markets to determine the pricing of a product. aggressively prices in one market to elicit a competitive response from a rival in another market. prices its products at a loss in order to drive out competitors from the market. prices two similar products at low and high prices in order to boost sales of the lower priced products.