Answer:
3.76 times
Explanation:
The computation of the asset turnover is shown below:
Asset turnover = Net sales ÷ Average total assets
= $1,356,504 ÷ $360,600
= 3.76 times
By dividing the net sales from the average total assets, the asset turnover could arrive i.e 3.76 times
This is the answer but the same is not provided in the given options
When Emma turned 70 she sold her ranch home and moved to a senior living community. Her one-bedroom apartment is on the third floor of a building that houses a fitness center, convenience shop, music room, and café on the first floor. What type of facility is this?
Answer:
Planned unit development
Explanation:
Planned unit development is a type of building development where a facility is used for various compatible land uses like housing, commercial centres, recreation centres, and industrial parks all within one building.
PUD allows for more flexibility in land regulations. Where a developer can use a piece of land for different purposes.
In this case Emma's one-bedroom apartment is on the third floor of a building that houses a fitness center, convenience shop, music room, and café on the first floor.
Liu files a suit against Macro Sales, Inc., in a New Jersey state court based on a Web site through which New Jersey residents can do business with Macro. The court will most likely exercise jurisdiction over Macro if the interactivity of the site is seen as
Answer:
A substantial enough connection with the state.
Explanation:
Since in the question it is mentioned that the Liu filed a suit for Macro sales in a state court that depends upon a website in order to do a business between the New jersey residents and macro. The court also exercise the jurisdication above Macro as if the site interactivity i.e output is depend upon the inputs done seen as sufficient connection with the state
The same is to be considered
Assume the following unadjusted account balances at the end of the accounting period for Chocolate Brownie Palace: Accounts Receivable, $90,000; Allowance for Doubtful Accounts, $1,000 (credit balance); and Sales revenue $600,000. If Chocolate Brownie Palace ages the accounts and determines that $5,000 of receivables may be uncollectible, the adjusting entry should be:
Answer:
Bad debt expenses = $4,000
Explanation:
Debit Credit
Bad debt expense $4,000
Allowances for doubtful accounts $4,000
Workings
= $5,000 of receivables - $1,000 of Allowance for doubtful account
= $4,000
You are doing a sales presentation for Ms. Duarte and her son. Ms. Duarte has some cognitive impairment and her son informs you that he has power of attorney to only make financial not health care decisions for her. Can he execute the enrollment for her?
Answer:
Yes he can execute the enrollment for her
Explanation:
The power of attorney is a legal document that given the authority to act in place on another person. It can be represented on behalf of other people so that the act could be done.
Here the individual can act legal with respect to the financial issue, property matters, etc
Therefore according to the given situation yes he can be executed
Answer: No, he cannot execute the enrollment for her. He must have a legal authorization, under state law that explicitly allows him to make health care decisions for his mother.
Explanation:
Not all goods are normal goods. If the demand for a good rises when income falls, the good is called an ________ ________. An example of this kind of good might be bus rides. As your income falls, you are less likely to buy a car or take a cab and more likely to ride a bus.
Answer:
Inferior good
Explanation:
An inferior good is a good for which demand rises when income falls and demand falls when income rises.
on the other hand, Normal goods are goods that are goods whose demand increases when income increases and falls when income falls
Finance professionals make decisions that fall into three distinctive areas: corporate finance, capital markets, and investments. Below is a set of decisions made by finance professionals. Categorize the decisions according to the area of finance to which they belong.
a. Managers at a bank need to decide on the interest rate that they must charge for the loans that they make to their prime customers.
b. William must make a decision on how to cut costs so that his company can generate extra cash flow to acquire assets.
c. As a technical trader, you will be analyzing investor psychology and making investment decisions based on how investors behave during certain situations.
Answer:
The correct categories are;
a. Managers at a bank need to decide on the interest rate that they must charge for the loans that they make to their prime customers- Capital markets
b. William must make a decision on how to cut costs so that his company can generate extra cash flow to acquire assets - Corporate finance
c. As a technical trader, you will be analyzing investor psychology and making investment decisions based on how investors behave during certain situations - Investments
Explanation:
a. Capital market is a system of financing that has to do with the putting up of capital by means including the buying ad selling of long term depth and securities
b. Corporate finance is the financial division concerned with the manner of handling of funding sources of the corporation
c. Investment involves ideas relating allocating funds for a purpose or for a project
"On July 8, 2010, LeBron James, a star in the National Basketball Association, announced that he was going to sign with the Miami Heat. The Heat was not the team that was willing to pay the most for LeBron's services, but it acquired him anyway. This is a violation of:"
Answer:
Allocative Efficiency
Explanation:
Allocative efficiency takes place when the consumer's preference towards a particular good is the most which are measured by their willingness to pay to get it. This leads to achieving the optimum distribution.
In the given scenario, allocative efficiency is violated as Miami Heat is going to sign their desired product i.e. LeBron James who is a star player but they were not willing to pay the maximum to get him and rather got him anyway. Thus, the optimal distribution is not achieved.
A carton of eggs broke onto the floor in the dairy section, making the floor slippery. Little Johnny slipped, fell, and hit his head on the floor, causing a cut and mild concussion. The grocery store incurs___________liability for his injuries.
a) premises.
b) operational.
c) professional.
d) product.
Answer:
premises
Explanation:
The grocery store incurs premises liability for his injuries. This form of liability is a legal concept that has to do with personal injuries that have been caused by some form of unsafe or defective conditions on someone's property, usually due to negligence. This is exactly what happened in this scenario since it was negligent of the store to not have cleaned up the mess made by the broken eggs which ultimately caused Johnny to fall.
From the information given, the grocery store incurs premises liability for his injuries.
Premises liabilityIt should be noted that premise liability comes into play in personal injury cases when an injury is caused by some type of unsafe condition on someone's property.
Since the carton of eggs broke onto the floor in the dairy section, making the floor slippery, the grocery store incurs premises liability for his injuries.
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Vulnerable persons are those who are less able to protect themselves than other persons in a given situation. The Common Rule (45 CFR 46, Subpart A) has specific requirements for the following vulnerable populations, except:_______
a. Workers
b. Managers
c. Deputy Managers
d. None of the above
Answer:
The correct option is;
Workers
Explanation:
The Federal Policy for the Protection of Human Subjects or the “Common Rule” was published in 1991
Under the Health and Human Service regulations 45 CFR part 46 (the Federal Policy for the Protection of Human Subjects or "Common Rule" published in 1991) the principles of ethical research involving human subjects, care should be taken with regards to the specific requirements of vulnerable populations such as children, pregnant women, prisoners, mentally disabled persons, economically disadvantaged or educationally disadvantaged persons.
todd, a sales representative, is facing the challenge stressor of trying to close a sale on a major account. during the meeting with the customer, todd is therefore likely to
Options :
A) be strongly motivated and perform well
B) be poorly motivated out of fear, and perform poorly
C) develop severe emotional symptoms of stress
D) develop severe physical symptoms of stress
Answer: A) be strongly motivated and perform well
Explanation: Stressors pertaining to business may be explained as those demands which a job or business requires of workers. The challenge stressor includes demands such as volume of chores or workload, time constraint and other factors which could be place added responsibility or burden on an individual. In most cases however, these responsibilities or burden usually acts to motivate the employee or business owner and in the long run aids personal and professional growth. In the scenario above, The challenge stressor which Todd is faced with is one which requires him to be on top and thus requires preparation so as to be able to perform well and not appear as a novice during the business meeting. Hence, this should motivate him and hence put up a good performance.
A boss tells her employee, "If you don't get me those figures in the next five minutes, you're fired!" This is an example of which type of power?
Answer:
Coercive power
Explanation:
This boss is exercising coercive power. Such a power stems from a place of authority. The boss is hereby using force to ensure that this employee follows orders. In a situation whereby the employee fails to do what is expected of him, such a boss has the power to punish this boss for not complying with set instructions. This type of power can be used to make sure that Employees remain disciplined in an organization.
Alfred Zeien, former chairman of Gillette, once noted that his company’s Parker Pen unit does not have to develop a special model for Malaysia and Singapore, because shoppers worldwide seek the same things when buying a gift that will serve the recipient as a status symbol. This insight relates to which level of Maslow’s hierarchy of needs?
a. Physiological b. Safety c. Social d. Esteem e. Self-respect
Answer:
d. Esteem
Explanation:
Esteem is the fourth level of Maslow's hierarchy of needs. Esteem is related to self-esteem, self-apperciation, status, and respect by others.
When customers from Malasya and Singapore buy a gift that serves as a status symbol, they are meeting a need that is related to this level. They are trying to improve their self-esteem at the same time that they improve the perception that others have of them.
Consider a market where production of a good generates a negative externality. In the market equilibrium:_________.a. there is no deadweight loss. b. firms are not maximizing profit. c. too little of the good is being produced. d. too much of the food is being produced e. the external costs have been internalized,
Answer:
d. too much of the good is being produced
Explanation:
A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation
Who is the most famous person currently in 2020????
Answer:
Cristano ronaldo
Lionel Messi
Donald trump
The net present value of a project is ______. the present value of the project’s projected annual tax savings the present value of the project's salvage value used in determining whether or not a project is an acceptable capital investment the difference between the present va
Answer:
Used in determining whether or not a project is an acceptable capital investment
The difference between the present value of cash inflow and cash outflow of a project
Explanation:
Net present value of a project is an investment appraisal tool that is used in determining the value of all future cash flow that will be generated by a project in order to know the project with maximum profit even right from the onset.
The is done by discounting the present and the future cash flow to the present value and the differences highlighted.
One of the key purpose of the net present value of projects is that it points out whether a project will be an acceptable capital investment or not. When the net present value of cash inflow is greater than the cash outflow, it is indicates a profitable project and vice versa.
The net present value (NPV) of a project is the difference between the present value of its cash inflows and the present value of its cash outflows. It represents the total value added or subtracted by the project over its lifespan, taking into account the time value of money.
What makes it define the net present value?1. The net present value is not specifically the present value of the project's projected annual tax savings. Tax savings may be included as part of the cash inflows or outflows, depending on how they are affected by the project.
2. The net present value is also not solely the present value of the project's salvage value. The salvage value is the estimated residual value of an asset at the end of its useful life, and it is typically considered as a cash inflow when determining the project's NPV. However, NPV takes into account all cash flows, not just the salvage value.
3. The last option is cut off and incomplete, so it is not clear what the full statement is. However, the net present value is calculated as the difference between the present value of cash inflows and cash outflows, as mentioned earlier.
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Bluebell Corporation has outstanding convertible bonds with a face value of $9,000. It has just paid interest on these bonds, and the bonds have a book value of $9,500. Each $1,000 bond is convertible into 30 shares of common stock (par value $20 per share). All of the bonds are converted into common stock when the market value of Bluebell's common stock is $25 per share. Under the market value method, what value would be given to additional paid-in capital from bond conversion?
Answer:
$900
Explanation:
As provided, we need to use the market value method.
Face value of bonds to be converted = $9,000
Further for each $1,000,
30 shares shall be issued.
Total number of shares to be issued =[tex]\frac{9,000}{1,000}\times 30[/tex] = 180 shares.
Market value of share = $25 per share
Par value = $20
Additional paid in value for each share = $25 - $20 = $5
Thus, on conversion
Paid in capital = [tex]180 shares \times 20 dollars each = 3,600 dollars[/tex]
Additional paid-in capital = 180 shares [tex]\times[/tex] $5 each = $900
Mahulay's daughter attends daycare so that he can work. the daycare expenses total $3,000 for the year. mahulay paid $3,000 of these expenses, but his mother, the child's grandmother, reimbursed him $3,000 for the payment of these expenses. what amount can mahulay claim for the california child and dependent care expenses (cdc) credit?
Answer:
The amount that Mahulay claim for the california child and dependent care expenses (cdc) credit is $0. That is zero dollar.
Explanation:
When it comes to claiming "California Child and Dependent Care Expenses (CDC) Credit", the condition is that someone should be employed to provide care or a Qualifying Person and the care provider employed should be paid.
However, the care provider employed could not be one of the persons that is possible for a tax payer to claim as dependents, such as your spouse, the parent of the tax payer's Qualifying Person, or a child of the tax payer who is under the age of 19 (the fact they are a dependent or not does not matter here).
From the question, it is stated that the grandmother of the child reimbursed Mahulay $3,000 for the payment of daycare expenses. This implies that it not possible again for Mahulay to claim for the California Child and Dependent Care Expenses (CDC) Credit since he has already been reimbursed by the the grandmother of the child.
Therefore, the amount that Mahulay claim for the california child and dependent care expenses (cdc) credit is $0. That is, zero dollar.
he Triffin paradox warned that the gold-exchange system of the Bretton Woods agreement was programmed to collapse in the long run. was indeed responsible for the eventual collapse of the dollar-based gold-exchange system in the early 1970s. was first proposed by Professor Robert Triffin. all of the options
Answer: all of the options
Explanation:
Triffin paradox simply explains the economic interests conflicts that are faced by the countries that have their currencies been used as standards for global currencies.
The Triffin paradox was first proposed by Professor Robert Triffin. He also
warned that the gold-exchange system of the Bretton Woods agreement was programmed to collapse in the long run and was also responsible for the eventual collapse of the dollar-based gold-exchange system in the early 1970s.
At times, the woman's shelter at St. Mary's Catholic Church has rental units open to the public. Are they allowed to advertise for female renters only?
Answer:
Explanation:
When placing ads regarding to the renting of livable units the ads must not state any kind of preference or limitation of any individual based on that individual's gender (or any other protected characteristic in most cases) unless the ad is specifically describing shared living areas or homes used exclusively as dormitories by educational institutions. Otherwise, it would be considered discrimination. In cases where the units being rented are shared living areas, it is ok due to the privacy needs of each gender.
Company ABC makes kitchen appliances that have many features in great demand by professional chefs whose only interest is in the foods they can produce. Based on its customers, ABC should try to dominate the market in a. delivery area. b. quantity. c. price. d. quality.
Answer:
d. quality.
Explanation:
-Delivery area refers to the places in which the appliances can be delivered.
-Quantity refers to the amount of appliances that the company can produce and sell.
-Price refers to the amount of money that customers would pay for the appliances.
-Quality refers to the degree in which the appliances can meet the customer's requirements.
According to this, the answer is that based on its customers, ABC should try to dominate the market in quality because its products meet the expectations of professional chefs and that should be market to focus on as the company can have an important advantage by providing exactly what they need.
The other options are not right because professional chefs are interested on what they can do with this appliances and not on price, quantity or delievery area.
"The value of both the Dow Jones and Standard and Poor's Averages would be most affected by a change in the:"
Complete Question:
The value of both the Dow Jones and Standard and Poor's Averages would be most affected by a change in the:
A. transportation stocks
B. financial stocks
C. utility stocks
D. industrial stocks
Answer:
The value of both the Dow Jones and Standard and Poor's Averages would be most affected by a change in the:
D. industrial stocks
Explanation:
The Dow Jones Industrial Average is made up of 30 selected companies from different industries. These companies are meant to represent the other companies in their various industries. They are usually selected from the S&P 500. On its own the S&P 500 are the 500 largest publicly traded companies. Since the Dow Jones Industrial Average are mainly industrial stocks, one can comfortably conclude that "the value of both the Dow Jones and Standard and Poor's Averages would be most affected by a change in the industrial stocks."
On December 31, 2016 before adjusting entries, Accounts Receivable for Nickolas Company had a debit balance of $200,000, and the Allowance for Doubtful Accounts had a credit balance of $6,000. Credit sales for the year were $1,600,000.
If credit losses are estimated at 1% of credit sales:
a. The balance of the Allowance for Doubtful Accounts will be $10,000 after adjustment.
b. The balance of the Allowance for Doubtful Accounts will be $22,000 after adjustment.
c. The balance of the Allowance for Doubtful Accounts will be $16,000 after adjustment.
d. Bad Debts Expense for the year will be $22,000.
Answer:
b. The balance of the Allowance for Doubtful Accounts will be $22,000 after adjustment.
Explanation:
If credit losses are estimated at 1% of credit sales than balance of allowance for doubtful account after adjustment will be = $6,000 + $1,600,000 * 1%
= $6,000 + $16,000
= $22,000
In the case when the credit losses are estimated at 1% of credit sales so here option b is considered.
Calculation of the balance of allowance for a doubtful account after adjustment:= Credit balance of Allowance for Doubtful Accounts + Estimated percentage of Credit sales for the year
= $6,000 + 1% of $1,600,000
= $6,000 + $16,000
= $22,000
Therefore, option b is correct.
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Environmental scanning is the act of analyzing the critical external contingencies facing an organization in terms of:
Answer:
Economic conditions, competitors, and customers.
Explanation:
Environmental scanning is the act of analyzing the critical external contingencies facing an organization in terms of economic conditions, competitors, and customers.
Environmental scanning is a management strategy that focuses on systematically acquiring informations about occasions, trends, events or patterns through surveys and analysis of these information in an organisation's external and internal environment. The informations acquired through environmental scanning is then used by the executive management in strategically planning the organisation's future and exploitation of available opportunities for the success of the organization.
The internal environmental scanning offers an organization strength and weakness while the external environmental scanning provides information about opportunities and threats.
Generally, the external environmental scanning gives an overview of the opportunities in the market as well as potential threats to an organization.
A nonprobability sampling technique in which an initial group of respondents is selected and subsequent respondents are selected based on the referrals or information provided by the initial respondents is called:________
Answer: snowball sampling
Explanation:
Snowball sampling is a nonprobability sampling technique in which an initial group of respondents is selected and subsequent respondents are selected based on the referrals or information provided by the initial respondents.
It should be noted that in snowball sampling, after the respondents have been interviewed, theywould be told asked to help identify other people
that also belong to the target population.
Shawnee Motors Inc. assembles and sells MP3 players. The company began operations on August 1 and operated at 100% of capacity during the first month. The following data summarize the results for August:
Sales (19,500 units) $2,535,000
Production costs (25,000 units):
Direct materials $1,202,500
Direct labor 577,500
Variable factory overhead 287,500
Fixed factory overhead 192,500 2,260,000
Selling and administrative expenses:
Variable selling and administrative expenses $350,300
Fixed selling and administrative expenses 135,600 485,900
If required, round interim per-unit calculations to the nearest cent.
Required:
a. Prepare an income statement according to the absorption costing concept.
b. Prepare an income statement according to the variable costing concept.
Answer:
a.Income statement according to the absorption costing concept.
Sales (19,500 units) $2,535,000
Less Cost of Goods Sold
Opening Stock $0
Add Cost of Goods Manufactured $2,260,000
Less Closing Stock ($497,200) ($1,762,800)
Gross Profit $772,200
Less Expenses :
Variable selling and administrative expenses ($350,300 )
Fixed selling and administrative expenses ($135,600)
Net Income / Loss $286,300
b.Income statement according to the variable costing concept.
Sales (19,500 units) $2,535,000
Less Cost of Goods Sold
Opening Stock $0
Add Cost of Goods Manufactured $2,067,500
Less Closing Stock ($454,850) ($1,612,650)
Contribution $922,350
Less Expenses :
Fixed factory overhead ($192,500)
Variable selling and administrative expenses ($350,300 )
Fixed selling and administrative expenses ($135,600)
Net Income / Loss $244,100
Explanation:
Absorption Costing
Cost of Goods Manufactured - Absorption Costing
Direct materials $1,202,500
Direct labor $577,500
Variable factory overhead $287,500
Fixed factory overhead $192,500
Total $2,260,000
Inventory = (25,000 - 19,500) / 25,000 × $2,260,000
= $497,200
Variable Costing
Cost of Goods Manufactured - Variable Costing
Direct materials $1,202,500
Direct labor $577,500
Variable factory overhead $287,500
Total $2,067,500
Inventory = (25,000 - 19,500) / 25,000 × $2,067,500
= $454,850
Sun Inc. assigns $6,000,000 of its accounts receivables as collateral for a $2 million 8% loan with a bank. Sun Inc. also pays a finance fee of 1% on the transaction upfront. What would be recorded as a gain (loss) on the transfer of receivables
Answer:
The answer is: Assigning accounts receivables as collateral for a bank is not a asset transfer.
Explanation:
Even as the bank offers Sun Inc. with a factoring limit, the accounts receivables are still in the firm's accounting book. The firm has the obligations to go after their debtors for collections. The account receivables are transferred to creditors when a company becomes defaulted or bankrupted.
Jerry and Julie are brother and sister. Jerry sold stock to Julie for $5,000, its fair market value. The stock cost Jerry $10,000 five years ago. Also, Jerry sold Carol (an unrelated party) stock for $2,000 that cost $10,000 three years ago. What is Jerry's recognized loss before the $3,000 capital loss limitation
Answer: $8000
Explanation:
From the question, we are informed that Jerry and Julie are brother and sister and that Jerry sold stock to Julie for $5,000, its fair market value.
We are further told that the stock cost Jerry $10,000 five years ago and that Jerry also sold Carol (an unrelated party) stock for $2,000 that cost $10,000 three years ago.
Jerry's recognized loss before the $3,000 capital loss will be difference between $10,000 which was the cost and the 2000 which Jerry later sold it for. This gives:
= $10,000 - $2000
= $8000
The marketplace is the essence of which of the following?
O The exchange process
O The manufacturing process
O The marketing process
The selling process
Answer:
The exchange process.
Explanation:
An exchange process can be defined as an act in which customers acquire a desired product or service from a seller (manufacturer, wholesaler, or retailer) with a tangible asset in return for value.
The marketplace where these products or services are being offered to the customers in return for value is the essence of the exchange process.
This ultimately implies that, a marketplace facilitates or enhances the exchange process by offering a channel to buy and sell products.
Parent Co. owns 90% of the 10,000 outstanding shares of Subsidiary Co.'s common stock on December 31, year 1. On that date, the stockholders' equity of Subsidiary was $150,000, consisting of $100,000 of no-par common stock and $50,000 of retained earnings. On January 2, year 2, Subsidiary issued 2,000 previously unissued shares for $24,000 to various outside investors. As a consequence of this transaction, Parent's ownership share was reduced to 75%. Which of the following correctly reports this transaction?
a. Parent's investment in Subsidiary is reduced by $4,500.
b. Parent's investment in Subsidiary is increased by $3,000.
c. The consolidated income statement reports a loss of $7,500.
d. The consolidated income statement reports a gain of $4,000.
Answer:
a) Parent's investment in the Subsidiary is reduced by $4,500.
Explanation:
The computation is shown below:
The balance in investment prior to the sale of securities is
= $150,000 × 90%
= $135,000
Now The balance in investment after to the sale of securities is
= (($150,000 + 24,000) × 75%)
= $130,500
Therefore Decrease in investment in Subsidiary is
= $135,000 - $130,500
= $4,500
Hence, the correct option is A.
If a market is in long-run equilibrium, which of the following conditions will be present in a competitive price-taker market but absent from a competitive price-searcher market? A. P = ATC B. MR = MC C. P = MC D. MR < P
Answer:
Condition "P = MC"
Explanation:
The condition “P=MC” is present in the price taker market but is absent in the competitive price searcher market because in the price taker market price line is equal to marginal revenue line and marginal revenue curve cuts the MC curve then at that point P = MC = MR. but in the other market price can be equal to ATC but it does not equal to MC.