Answer:
2.5%
Explanation:
(30,000 / 1,200,000) X 100 = 2.5%
A team integrates and tests the Stories on the last day of the Iteration. This has become a pattern for the last three Iterations. Why is this considered an anti-pattern? g
Answer: Because the team is waterfalling the iteration
Explanation:
The options to the question are:
a. Because the team consistently meets their commitments, and the Product Owner accepts the stories
b. Because the team is waterfalling the iteration
c. Because the team demonstrates the full stories to the product owner during the iteration review.
d. Because it is difficult to manage dependencies with other teams.
An anti-pattern is a pattern that show that a particular idea will be ineffective, risky and can create further havoc.
Therefore, based on the scenario that a team integrates and tests the stories on the last day of the Iteration which has become a pattern for the last three Iterations.
This is an anti pattern because the team is waterfalling the iteration since the stories are tested on the last day therefore it'll be hard for any adjustments to be made.
What are the two methods used to translate financial statements and how does the functional currency play a role in determining which method is used? Provide academic support in your response.
Answer:
The two methods of translating financial statements are the current rate method/closing rate method and the temporal method
Explanation:
Functional currency simply means the main currency used by a business. it could also be defined as the primary currency used in the economic environment in which a business operates as in where it generates most of its cash and also spends it
Functional currency determines to a large extent the method used in translation of financial statements. When there is no difference between local currency and foreign currency, current rate method is used and vice versa for temporal rate method
please find attached from Advanced Accounting
Hoyle, J., Schaefer, T., & Doupnik, T. (2015)
Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Skis Boots Apparel Supplies Selling price $ 160,000 $ 169,000 $ 107,000 $ 71,000 Cost 130,000 138,000 74,900 46,150 Replacement cost 120,000 119,000 111,000 42,150 Sales commission 10 % 10 % 10 % 10 % In applying the lower of cost or net realizable value rule, the inventory of apparel would be valued at:
Answer:
Alpine Ski Equipment and Supplies
In applying the lower of cost or net realizable value rule, the inventory of apparel would be valued at:
$74,900
Explanation:
a) Data and Calculations:
Inventories of Alpine Ski Equipment and Supplies:
Skis Boots Apparel Supplies
Selling price $ 160,000 $ 169,000 $ 107,000 $ 71,000
Cost 130,000 138,000 74,900 46,150
Replacement cost 120,000 119,000 111,000 42,150
Sales commission 10 % 10 % 10 % 10 %
Net realizable value $144,000 $152,100 $96,300 $63,900
Lower of cost or NRV $130,000 $138,000 $74,900 $46,150
b) Alpine Ski Equipment and Supplies applies the lower of cost or market rule by recording the cost of inventory at the lower of the original cost or its net realizable value. In all the product categories, the costs are lower than the net realizable values. To get the net realizable value for each product category, we deduct the sales commissions from their respective selling prices.
When do many companies expect to have a net loss? (Select three answers)
a. after they break even
b. when they have a gross profit
c. when they are first getting established
d. before they start having operating expenses
Answer:
C- When they are first getting established
Explanation:
Edge 2022
As a part of the internal control over cash receipts by mail, the mailroom sends both the customer checks and the remittance advices to the accounting department.
a) true
b) false
Answer: False
Explanation:
From the question, we are informed that as a part of the internal control over cash receipts by mail, the mailroom sends both the customer checks and the remittance advices to the accounting department. This is not true.
It should be noted that the customer checks and the remittance advices are sent to the cashier and not the accounting department
Employees in engineering and marketing divisions often disagree with each other about how to achieve targets mainly because they have unique backgrounds, experiences, and training. The most apparent source of conflict here is
Answer: differentiation
Explanation:
From the question, we are informed that employees in engineering and marketing divisions often disagree with each other about how to achieve targets mainly because they have unique backgrounds, experiences, and training.
The above source of conflict is due to differentiation. The differentiation is as a result of them not working in thesame divisions hence, they see things differently and not in the same way.
The following data applies to a particular item of merchandise: On hand at start of period 300 $5.10 1st purchase 500 5.20 2nd purchase 700 5.30 3rd purchase 600 5.50 Number of units available for sale 2,100 On hand at end of period 500 Number of units sold during period 1,600 Of the 1,600 units sold during the period, 300 were from the beginning inventory; 500 from the first purchase; 600 from the second purchase; and 200 from the last purchase. Using the weighted-average costing method and rounding the average unit cost to the nearest whole cent, the value of the inventory on hand at the end of the period would be
Answer:
$2,650
Explanation:
beginning inventory 300 units at $5.10 = $1,530
1st purchase 500 units at $5.20 = $2,600
2nd purchase 700 units at $5.30 = $3,710
3rd purchase 600 units at $5.50 = $3,300
total number of units 2,100
total cost = $11,140
average cost per unit = $5.30
ending inventory = 500
value of ending inventory using average cost = 500 x $5.30 = $2,650
Ben Gordon, Inc. manufactures 2 products, wheels and seats. The company has estimated its overhead in the assembling department to be $420000. The company produces 300000 wheels and 600000 seats each year. Each wheel uses 2 parts, and each seat uses 3 parts. How much of the assembly overhead should be allocated to wheels?
Answer:
$41,250
Explanation:
Given the following :
Total estimated overhead = $420,000
Number of wheels produced = 300,000 ; uses 2 Parts
Number of seats produced = 600,000 ; uses 3 parts
Number of wheels * part = (300,000 * 2) = 600,000
Number of seats * part = (600,000 * 3) = 1,800,000
Total = 600,000 + 1,800,000 = 2,400,000
Allocated overhead for wheels :
[wheels total / (wheels total + seat total)] * estimated overhead
(600,000 / 2,400,000) * $165,000
0.25 * $165,000
= $41,250
Given a stock with a beta of 1.2, risk free rate of 4%, and a market return of 10%, calculate the required return.
Answer: 11.2%
Explanation:
The required return of this stock can be calculated using the Capital Asset Pricing Model (CAPM) which is expressed as follows;
Required return = Risk free rate + beta ( Market return - risk free rate)
= 4% + 1.2 ( 10% - 4%)
= 11.2%
Suppose that the risk-free rate is 5% and that the market risk premium is 7%. What is the required return on (1) the market, (2) a stock with a beta of 1.0, and (3) a stock with a beta of 1.7? Ehrhardt, Michael C.. Corporate Finance: A Focused Approach (p. 286). Cengage Learning. Kindle Edition.
Answer:
1.
r market = 0.12 or 12%
2.
r stock = 0.12 or 12%
3.
r Stock = 0.169 or 16.9%
Explanation:
The required rate of return can be calculated using the CAPM or Capital asset pricing model equation. The formula for required rate of return under this model is,
r = rRF + Beta * rpM
Where,
rRF is the risk free raterpM is the risk premium on marketr represents the required rate of return1.
The beta of the market is always considered to be 1. Thus, the required rate of return on market would be,
r market = 0.05 + 1 * 0.07
r market = 0.12 or 12%
2.
For a stock whose beta is 1.0, the required rate of return would be same as that for market. So, the required rate of return for a stock with a beta of 1.0 is,
r Stock = 0.05 + 1 * 0.07
r Stock = 0.12 or 12%
3.
The required rate of return for a stock with a beta of 1.7 is,
r Stock = 0.05 + 1.7 * 0.07
r Stock = 0.169 or 16.9%
The cash cycle measures the days required to produce finished goods or delivered services. true/false
Answer: False
Explanation:
The cash cycle is also referred to as the cash conversion cycle and it is used to know the number of days it'll take companies to turn raw materials into making money.
It is the timeframe from buying raw materials for production purpose till the moment the product that was made is being sold and money gotten from the sale.
If you can buy a single paper towel roll for $1.99 or 24 rolls of paper towels for $12.99, what is this an example of?
Answer: c) Second Degree Price Discrimination
Explanation:
The company selling the paper towels is reducing the price per quantity as more quantities are added.
This is an example of Second Degree Price Discrimination . Here the seller sells different quantities at different prices with higher quantities usually getting lower prices as a result of trade discounts the goal of which is to encourage more sales as opposed to less.
For instance, you could pay $50 a month for gym but be charged $7 if you just want to use it for a day.
A corporation originally issued $13 par value common stock for $15 per share. Which of the following is included in the entry to record the purchase of 300 shares of treasury stock for $11 per share?
A. Treasury Stock-Common is debited for $3,300.
B. Treasury Stock-Cormmon is debited for $1,650.
C. Retained Earnings is debited for $1,660.
D. Treasury Stock-Common is oodied for $46.
Answer:
A. Treasury Stock-Common is debited for $3,300.
Explanation:
Cost of the treasury stock purchased = 300 shares of treasury stock * $11 per share
Cost of the treasury stock purchased = $3,300
The estimated direct labor cost for February is closest to: Multiple Choice $456,000 $28,652 $253,460 $658,996
This question is incomplete, the complete question is;
Petrini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: The budgeted selling price per unit is $110. Budgeted unit sales for January, February, March, and April are 7,500, 10,600, 12,000, and 11,700 units, respectively. All sales are on credit. Regarding credit sales, 30% are collected in the month of the sale and 70% in the following month. The ending finished goods inventory equals 30% of the following month's sales. The ending raw materials inventory equals 10% of the following month’s raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $4.00 per pound. Regarding raw materials purchases, 40% are paid for in the month of purchase and 60% in the following month. The direct labor wage rate is $23.00 per hour. Each unit of finished goods requires 2.6 direct labor-hours. Manufacturing overhead is entirely variable and is $8.00 per direct labor-hour. The variable selling and administrative expense per unit sold is $1.70. The fixed selling and administrative expense per month is $70,000.
The estimated direct labor cost for February is closest to: Multiple Choice $456,000 $28,652 $253,460 $658,996
Answer: The estimated direct labor cost for February is closest to D) $658,996.
Explanation:
Estimated direct labor cost for February =
Production units in February × Direct labor hours for each finished goods unit × Direct labor wage rate per hour
Ef = 11020 units × 2.6 labor hours per unit ×$23 per direct labor hour
Ff= $658,996
Also
Where Production units in February = February sales units + Ending finished goods units - Beginning finished goods units
Pf = 10600 units + (12000 units*30%) - (10600 units*30%)
Pf = 10600 units+3600 units-3180 units
Pf = 11020 units
Successful advertising can increase demand across a wide spectrum of consumers, but it happens unevenly. Some consumers respond more dramatically than others to advertising. This explains the change in ________ of the demand curve that occurs after an advertising campaign.
Answer:
Elasticity.
Explanation:
Successful advertising can increase demand across a wide spectrum of consumers, but it happens unevenly. Some consumers respond more dramatically than others to advertising. This explains the change in elasticity of the demand curve that occurs after an advertising campaign. Thus, the more responsive consumers are to an advert, the more elastic the consumer demand is for the successful advertising technique used by the firm.
The accountant for Flagger Company prepared the following list of account balances from the company’s records for the year ended December 31:
Fees earned $165,000 Cash $30,000
Accounts receivable 14,000 Selling expenses 44,000
Equipment 42,000 Common stock 36,000
Accounts payable 12,000 Interest income 3,000
Salaries & wages expense 40,000 Rent expense 51,000
Income taxes payable 5,000 Prepaid Rent 2,000
Notes payable 20,000 Income taxes expense18,000
Prepare an income statement for Flagger Company in good form.
Flagger Company
Income Statement
For the Year Ended December 31
Revenues:
Accounts receivable $
Cash $
Expenses:
Rent expense $
Selling expenses
Salary and wages expense
Income taxes expense
Total expenses
Net income or loss $
Answer:
Net operating income $15,000
Explanation:
Flagger Company
Income statement for the year ended , 31 December
Fee earned
165,000
Less : Operating expenses
Salaries and wages 40,000
Rent expense. 51,000
(91,000)
Gross profit.
74,000
Less: Selling expense.
(44,000)
Profit before interest and tax.
30,000
Less interest expense.
(18,000)
12,000
Add: Interest income.
3,000
Net operating income.
15,000
The account balances and income statement of Winniford Towing Service at June 30, 2018, follow: LOADING...(Click the icon to view the account balances.)LOADING...(Click the icon to view the income statement for the month.) Requirements 1. Prepare the statement of retained earnings for Winniford Towing Service for the month ending June 30, 2018. 2. What does the statement of retained earnings report? Requirement 1. Prepare the statement of retained earnings for Winniford Towing Service for the month ending June 30, 2018.
Answer:
A.Retained earnings June 30 $8,200
B.Income statement June 30$7,800
C.The statement of retained earnings will report Changes that occured in the retained earnings for a business entity during a period of time.
Explanation:
A. Preparation of statement of retained earnings
Retained earnings
for the month ending June 30, 2018.
Retained Earning June 1 $3,400
Add Net income for the month $7,800
=$11,200
Less Dividend $3,000
Retained earnings June 30 $8,200
Therefore the Retained earnings for June 30 will be $8,200
2.Preparation of Income statement
Income statement
for the month ending June 30, 2018.
Revenue:
Service Revenue $10,800
Less :Expenses
Salary expenses ($2,200)
Rent expenses ($800)
Net income $7,800
($10,800-$3,000)
Therefore Winniford Towing Service Income statementfor the month ending June 30, 2018 Net income will be $7,800.
C. Based on the above calculation the statement of retained earnings will report
Changes that occured in the retained earnings for a business entity during a period of time.
The balance account
A balance account is one that shows the balance amount of the bookkeeping records. It the sum of balance of debt entries into the account at the time of financial year. The account balance and income statement of Winniford services at june 30 2018.
Thus shows us the answer retained earnings of june 30 are $8, 200. The income statements June 30 $7, 800 and retained earnings in point of time.
The account balances of the income statements for the months of june are given. As per the question the statement for the retained earnings of the winniford Towings services of june 30 2018 end are $8,200 while the Income statement is $7,800.The statement for the retained earnings will report Changes that occured in the retained earnings for a business entity during a period of time.Learn more about the account balances.
brainly.com/question/17350392.
Jack's Toys sells kites for $35 each. Variable costs are per kite. Fixed costs are per month. What is the contribution margin ratio for the kites?
Answer:
contribution margin ratio= (selling price - unitary variable cost) / selling price
Explanation:
We weren't provided with enough information to calculate the contribution margin ratio, but, I will provide the formula and an example to guide an answer.
To calculate the contribution margin ratio, we need to use the following formula:
contribution margin ratio= (selling price - unitary variable cost) / selling price
For example:
Selling price= $35
Unitary variable cost= 23
contribution margin ratio= (35 - 23)/35
contribution margin ratio= 0.34
The following calculations help you see how the ratio of debt to GDP changes from one year to the next. Suppose that in a hypothetical country with a currency called the ducat, debt is equal to 140 trillion ducats and GDP is equal to 100 trillion ducats. This means that the ratio of debt to GDP is 1.4, or 140%. Also, suppose that the deficit is 7 trillion ducats, which is 7% of GDP.
When the government runs a deficit, it spends more than it collects in tax revenue. To make up the difference, it borrows. So if t runs a deficit of 7 trillion ducats, debt increase by 7 trillion ducats. So debt next year is 147 trillion ducats. Suppose that there is no growth in real GDP and inflation is equal to -2% per year. Negative inflation is the same as deflation. Next year's GDP will be equal to _____ trillion ducats.
if the ratio of debt to GDP is 1.4 this year, the ratio of debt to GDP next year when inflation is equal to -2% year will be _____
Suppose that the deficit remains constant at 7% of GDP and that inflation persists at -2%. The debt to GDP ratio the year after next will be _____
Answer:
Ratio of debt to GDP changesWhen the government runs a deficit, it spends more than it collects in tax revenue. To make up the difference, it borrows. So if t runs a deficit of 7 trillion ducats, debt increase by 7 trillion ducats. So debt next year is 147 trillion ducats. Suppose that there is no growth in real GDP and inflation is equal to -2% per year. Negative inflation is the same as deflation. Next year's GDP will be equal to _98____ trillion ducats.
If the ratio of debt to GDP is 1.4 this year, the ratio of debt to GDP next year when inflation is equal to -2% year will be __1.5___
Suppose that the deficit remains constant at 7% of GDP and that inflation persists at -2%. The debt to GDP ratio the year after next will be __1.6___
Explanation:
Data and Calculations:
1. Debt equals 140 trillion ducats
GDP is equal to 100 trillion ducats
Ratio of debt to GDP = 1.4 or 140%
Deficit = 7 trillion ducats = 7% of GDP
2. Now debt increases by 7 trillion ducats to 147 trillion ducats
Deflation = -2%
Therefore, next year's GDP will be equal to 98 (100 x 0.98) trillion ducats
Ratio of debt will change to 147/98 = 1.5
3. With deficit constant at 7% of GDP or 6.86 trillion (7% of 98 trillion) and inflation at -2%,
Debt will be equal to 147 + 6.86 trillion = 153.86 trillion
and GDP will be equal to 96 (98 - 1.96) trillion; 1.96 = 2% of 98 trillion
Then Debt to GDP = 153.86/96 = 1.6
Bill jones inherited 5000 shares of stock priced at $50 per share. he does not want to sell the stock this year due to tax reasons but he is concerned that the stock will drop in value before year-end. Bill wants to buy put at $40 strike and sell calls at $50 strike to establish a collar to protect his inheritance. January call options with a strike of $50 are quoted at a cost of $2, and January puts with a $40 exercise price are quoted at a cost of $3. If Bill establishes the collar and the stock price winds up at $35 in January, Bill's net position value including the option profit or loss is _____
a. $195,000
b. $220,000
c. $175,000
d. $215,000
Answer:
a. $195,000
Explanation:
call strike price $50
call premium received $2
put strike price $40
put premium paid $3
you pay $2 - $3 = -$1
stock value $35
put value $5
call value -
premium paid -$1
net stock value $39
total # of stocks 5,000
portfolio's value $195,000
On the income statement of a merchandising company, interest income and interest expense are reported:
Answer: B. As separate items of other income and expense below the net operating income or loss
Explanation:
In a Merchandising company, the main revenue stream is not from interest revenue so when income from interest is received, it is not recorded with the normal revenue so as not to overstate revenue from operations. It will instead be recorded after the net operating income in the other income and expense section.
The same goes for finance costs such interest expenses. Income tax expense is also recorded here.
What is NOT a major purpose of orientation and socialization? Reducing stress and anxiety Reducing employee benefits Reducing start-up costs Reducing employee turnover
Answer: Reducing employee benefits
Explanation:
When a new employee is added to the company, it is best to give them and orientation as well as to encourage other employees who have been there longer to talk to them. This can be beneficial to the employee because it will help them settle into the job faster, thus giving them more confidence to be able to overcome the stress an anxiety that may come with starting a new job.
It is also beneficial to the company as the employee will learn skills needed to survive in the job. This will reduce wastage that may accrue due to a lack of knowledge on the part of the employee of job procedure.
With the above two contributing to making the employee feel more comfortable as well as able to do their jobs, employees will have less reason to leave the job thereby reducing employee turnover.
Orientation and Socialization will not reduce employee benefits and so it is not a major purpose of the activity.
Children in poor neighborhoods often have bleak outlooks on life and see little gain from studying. In a recent experiment, children in poor neighborhoods were paid $100 for each A they earned during a six-week grade reporting cycle. Suppose a participant in this experiment was expending $0 worth of effort in studying for each class before the experiment. Over the next 6 weeks, the student has a math class and an English class, where getting an A in math would require the student to exert $98 worth of effort, while getting an A in English would require the student to exert $84 worth of effort. In this experiment, the student (would or would not) increase time studying for math, and the student (would or would not) increase time studying for English.
Answer:
For maths; the student would not increase time studying
For English; the student would increase time studying
Explanation:
We can make this assertion because we are told that the children are from poor neighborhoods, so they have desire to ease their financial lack.
Further, because they do not see the importance of studying, they likely would avoid the extra effort of $98 for maths when they can exert $84 worth of effort for English which is lower.
Products such as steel, bulk chemicals, and industrial electronics do not require much differentiation because the taste and preference for these products is similar all around the world. These products are examples of g
Answer:
universal needs.
Explanation:
Universal needs products are those that do not require much differentiation because they are products that will generally become other products, that is, steel, bulk chemicals and industrial electronics are used all over the world to build other essential products in the world whole, such as industrial equipment, household appliances, means of transport, etc.
The common stock of Southern Airlines currently sells for $33, and its 8% convertible debentures (issued at par, or $1,000) sell for $850. Each debenture can be converted into 25 shares of common stock at any time before 2025. What is the conversion value of the bond?
Answer: $825
Explanation:
Convertible bonds or debentures can be converted into stock in a company by the holders.
The Conversion Value of the bond is given by;
Conversion Value of the Bond = Stock Price * Conversion Ratio
Conversion Ratio = 25 shares for one debenture.
= 25/1
= 25
Conversion Value of the Bond = Stock Price * Conversion Ratio
= 33 * 25
= $825
Brazilian Juice, a manufacturer of healthy fruit juices in Brazil, sells juice in six different countries including United States. Brazilian juice is engaging in a. economic development in United States. b. exercising nontariff barriers in Brazil. c. unfair trade practices. d. globalization. e. the World Trade Bank Group.
Answer:
d. globalization.
Explanation:
In this scenario, Brazilian Juice, a manufacturer of healthy fruit juices in Brazil, sells juice in six different countries including United States. Hence, we can safely conclude that Brazilian juice is engaging in globalization.
Globalization can be defined as a strategic marketing process which involves rapidly, effectively and efficiently providing finished goods and services to meet the needs of potential customers across the world or in various countries across the globe.
Simply stated, it involves the spread of products, technology, and significant investments across many countries in the world.
Porter Inc's stock has an expected return of 10.75%, a beta of 1.25, and is in equilibrium. If the risk-free rate is 5%, what is the expected market risk premium
Answer:
the expected market risk premium is 4.6%
Explanation:
The computation of the expected market risk premium is shown below:
As we know that
Expected rate of return = Risk free rate of return + beta × market risk premium
10.75% = 5% + 1.25 × market risk premium
5.75% = 1.25 × market risk premium
So, the market risk premium is
= 5.75% ÷ 1.25
= 4.6%
hence, the expected market risk premium is 4.6%
we simply applied the above formula
Which of the following would be least likely to be considered a managerial accounting report?
A. a report to analyze potential efficiencies and savings for the purchase of new production equipment
B. a schedule of total manufacturing costs incurred
C. a statement of cost of goods manufactured
D. a statement of stockholders’ equity
Answer: a statement of stockholders’ equity
Explanation:
Out of the options that are given, the ones that are likely to be considered a managerial accounting report are a report to analyze potential efficiencies and savings for the purchase of new production equipment, a schedule of total manufacturing costs incurred and a statement of cost of goods manufactured.
Therefore, the least likely to be considered will be a statement of stockholders’ equity.
which of the following is not a common type of meeting?
standing
planning
running
problem solving
Answer:
running is the answer for your question
Crockin Corporation is considering a machine that will save $9,000 a year in cash operating costs each year for the next six years. At the end of six years it would have no salvage value. If this machine costs $33,165 now, the machine's internal rate of return is closest to:_______.a. 16%.b. 17%.c. 18%.d. 19%.
Answer:
IRR = 16.5%
Explanation:
The IRR is the discount rate that equates the present value of cash inflows to that of cash outflows. At the IRR, the Net Present Value (NPV) of a project is equal to zero
If the IRR greater than the required rate of return , we accept the project for implementation
If the IRR is less than that the required rate , we reject the project for implementation
IRR = a% + ( NPVa/(NPVa + NPVb)× (b-a)%
NPV = PV of annual savings - initial cost
PV of annual savings = A× (1- (1+r)^(-n) )/r
A- annual savings in operating cost , r- rate of return, n- number of years
NPVa at 10% discount rate
PV of cash inflow = (9,000× 1-1.1^-6)/0.1 = 39,197.35
NPV = 65,328.91 - 33,165 = 6,032.35
NPVb at 20% discount rate
PV of cash inflow = (9,000× 1-1.2^-6)/0.2= (3,235.41)
NPV = 29,929.59 -33,165 = (3,235.41)
IRR = a% + ( NPVa/(NPVa + NPVb)× (b-a)%
IRR = 10% + ( (6,032.35/(6,032.35 +3,235.41) )× (20-10)%= 16.51%
IRR = 16.5%