Answer and Explanation:
The stakeholders include:
1. The rush in preparing the financial statements for the quarter
2. The overstatement of an account by $1000 on either the debit or credit side of the trial balance
Ethical issues:
1. She has been dishonest by plugging a figures $1000 into a wrong account
2. There could be loss of cash as the difference of $1000 could be caused by a liability account
Alternatives:
1. A suspense account could have been opened for the difference of $1000 and plugged into the trial balance
2. An account with the difference $1000 unknown could have been opened
The price elasticity of demand for gizmos is known to be (disregarding the negative sign). If sellers of gizmos increase their prices, total revenue from gizmo sales will
Answer:
C. rise.
Explanation:
Note: This question is not complete as some data are missing. The complete question is therefore provided before answering the question as follows:
The price elasticity of demand for gizmos is known to be 0.2 (disregarding the negative sign). If sellers of gizmos increase their prices, total revenue from gizmo sales will:
A. fall.
B. stay the same.
C. rise.
D. There is not enough information to determine the change in revenue.
The explanation to the answer is now given as follows:
The price elasticity of demand can be described as the degree of responsivess of quantity demanded of a commodity to a change in the price of that commodity.
The price elasticity of demand is calculated as the percentage change in quantity demanded divided by the percentage change in price.
The three major categories of price elasticity of demand and their effect on revenue are as follows:
a. Elastic: Price elasticity of demand is said to be elastic when its absolute value is greater than one (i.e. Ep > 1). This implies that the percentage change in quantity demanded is greater than the percentage in price. That is, the quantity demanded is more responsive to any change in price. As there is negative relationship between price and quantity demanded for a normal good, an increase in price will make the percentage fall in the quantity demanded to be higher than the percentage increase in price. This will therefore result in a fall in total revenue.
b. Unitary: Price elasticity of demand is said to be unitary when its absolute value is equal to one (i.e. Ep = 1). This implies that the percentage change in quantity demanded is equal the percentage in price. That is, the quantity demanded is equally responsive to any change in price. As there is negative relationship between price and quantity demanded for a normal good, an increase in price will make the percentage fall in the quantity demanded to be equal to the percentage increase in price. This will make the total revenue to remain the same.
c. Inelastic: Price elasticity of demand is said to be inelastic when its absolute value is less than one (i.e. Ep < 1). This implies that the percentage change in quantity demanded is less than the percentage in price. That is, the quantity demanded is less responsive to any change in price. As there is negative relationship between price and quantity demanded for a normal good, an increase in price will make the percentage fall in the quantity demanded to be less than the percentage increase in price. This will therefore result in a rise in total revenue.
Based on the explanation above, the price elasticity of demand for gizmos falls into category c. This implies that it is inelastic because its absolute value of 0.2 is less than 1. Therefore, the correct option is C. rise. That is, total revenue from gizmo sales will rise If sellers of gizmos increase their prices.
Using the following information, compute the cost of direct materials used. Raw materials inventory, January 1 $ 50,000 Raw materials inventory, December 31 75,000 Work in process, January 1 30,000 Work in process, December 31 20,000 Finished goods, January 1 60,000 Finished goods, December 31 48,000 Raw materials purchases 900,000 Direct labor 690,000 Factory utilities 230,000 Indirect labor 80,000 Factory depreciation 500,000 Operating expenses 630,000 A.$875,000. B.$1,025,000. C.$925,000. D.$1,270,000.
Answer:
Direct material used= $875,000
Explanation:
Giving the following information:
Raw materials inventory, January 1: $ 50,000
Raw materials inventory, December 31: $75,000
Raw materials purchase= $900,000
To calculate the cost of direct materials, we need to use the following formula:
Direct material used= beginning inventory + purchases - ending inventory
Direct material used= 50,000 + 900,000 - 75,000
Direct material used= $875,000
Norton Corporation reports the following information: Net income $800,000 Dividends on common stock $200,000 Dividends on preferred stock $100,000 Weighted average common shares outstanding 200,000 Norton should report earnings per share of
Answer:
$3.5
Explanation:
As per the situation the computation of earnings per share is shown below:-
Earnings per share = (Net income - Preferred dividends) ÷ Weighted average common shares outstanding
= ($800,000 - $100,000) ÷ 200,000
= $700,000 ÷ 200,000
= $3.5
Therefore for determining the earnings per shares we simply applied the above formula.
Beliefs that are handed down from one generation to another and that influence decision making are _____.
genetic
diversity issues
universal values
cultural preferences
Answer: cultural preferences.
Answer: cultural preferences
Explanation: I just took the test
A discrete uniform probability distribution is one where _______.
a- the shape of the distribution is always skewed to the right
b- the probabilities do not add up to one
c- each possible value of the random variable is the same
d- each possible value of the random variable is different
A discrete uniform probability distribution is one where each possible value of the random variable is the same. Therefore, the option C holds true.
What is the significance of uniform probability distribution?A uniform probability distribution can be referred to or considered as a distribution wherein the possible outcomes in any form of a given observation are most likely to be equal to each other. Such a distribution can also be expressed with the help of graphical representation.
In a uniform probability distribution, there are chances that each possible value derived out of random variables in an observation turn out to be similar to each other. This is simply because the variables are 'uniform'.
Therefore, the option C holds true and states regarding the significance of uniform probability distribution.
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Use the information to answer the following questions. XXX, Inc. Balance Sheet 2018 2017 2018 2017 Cash 200 450 Accounts Payable 600 700 Accounts Receivable 2500 3600 Accruals Notes Payable 500 900 1200 1000 Inventory 2000 3200 Total CL 2000 2900 Total CA 4700 7250 Long Term Debt 3000 3970 Gross Fixed Assets 6500 7200 Common Stock 3000 3100 Less Acc. Depreciation 1200 1000 Retained Earnings 2000 3480 Net Fixed Assets 5300 6200 Total Equities 5000 6580 Total Assets 10000 13450 Total Liab. & O.E. 10000 13450 XXX, Inc. Income Statement 2018 EBITDA 3500 Depreciation 200 EBIT 3300 Interest Expense 1300 EBT 2000 Taxes 700 Net Income 1300 Dividend Paid 3160 What is the 2018 Net Operating Profit After Taxes (NOPAT)?
Answer:
$2,145
Explanation:
For the computation of Net Operating Profit After Taxes (NOPAT) first, we need to compute the tax rate which is shown below:-
Tax rate = Tax expense ÷ Earnings before tax
= 700 ÷ 2,000
= 35%
Net Operating Profit After Taxes (NOPAT) = EBIT × (1 - tax rate)
= 3,300 × (1 - 35%)
= $2,145
Therefore for computing the Net Operating Profit After Taxes (NOPAT) we simply applied the above formula.
Probability ideas, including joint probability distributions, play a major role in financial activities. For example, portfolio managers must allocate funds among competing assets. Suppose there are two assets: Microsoft (M) stock and Starbucks (S) stock. For Microsoft stock, the following returns are possible: −10%, 10%, 20%, and 30%. For Starbucks stock, the following returns are possible: 0% and 20%. The joint probability distribution of the returns of the two assets is
Answer:
kindly check explanatio0n section.
Explanation:
PS: The joint probability distribution of the returns of the two assets is given in the attached picture. Also, both stocks are not independent.
So, let us delve straight into the solution to this particular question or problem. From the question, we are given two assets that is, Microsoft (M) stock and Starbucks (S) stock.
Thus, the expected return on Microsoft stock can be determined and the expected return on Starbucks stock can also be determined.
[1]. The expected return on Microsoft stock = - 10 × 0.15 + 30 × 0.20 + 10 × 0.35 + 20 ×0.30 = 14%.
Using excel, Standard deviation on Microsoft stock = 12.4[ from [tex]\sqrt{(100 * 0.35 + 100 * 0.15 + 900 * 0.20 + 400 * 0.30}[/tex] - √[14]² ]
[2]. The expected return on starbucks stock= 20 × 0.15 + 20 × 0.10 + 20 × 0.2 = 12%.
Using excel, Standard deviation on Starbucks stock = √( 400 × 0.15 + 400 × 0.20 + 400 × 0.15 + 400 × 0.10) - √(12)²
= 9.8
The following information applies to the questions displayed below) Serendipity Sound, Inc., manufactures and sells compact discs. Price and cost data are as follows: Selling price per unit (package of two CDs) 25.00Variable costs per unit: Direct material 10.50 Direct labor 5.00Manufacturing overhead 3.00 Selling expenses 1.30Total variable costs per unit 19.80 Annual fixed costs: Manufacturing overhead 192000 Selling and administrative 276000Total fixed costs 468000Forecasted annual sales volume (120,000 units) 3000000 In the following requirements. Ignore income taxes.
1. If the company's direct-labor costs do increase by 8 percent, what selling price per unit of product must it charge to maintain the same contribution-margin ratio?2. What is Serendipity sounds break even point in units?3. How many units would be Serendipity sound have to sell in order to earn 260000?
Answer:
$25.5090,000 units140,000 unitsExplanation:
1. Current contribution margin ratio
= (Selling price - Variable cost)/ Selling price
= (25 - 19.8) / 25
= 0.208
New Direct labor = 5.0 * ( 1 + 8%)
= $5.40
New variable cost = 19.8 + 0.4 = $20.20
To maintain 0.208
0.208 = (Selling price - 20.20) / Selling price
0.208 * Price = Price - 20.20
0.208Price - Price = -20.20
-0.792Price = -20.20
Price = -20.20/-0.792
Price = $25.50
2. Breakeven = Fixed Cost / Contribution Margin
Contribution Margin = Selling price - Variable cost
= 25 - 19.8
= $5.20
= 468,000/5.2
= 90,000 units
3. To earn $260,000;
= (Fixed Cost + 260,000) / Contribution margin
= (468,000 + 260,000) /5.2
= 140,000 units
Multiple Choice Question 48 As a result of a thorough physical inventory, Marigold Company determined that it had inventory worth $320600 at December 31, 2020. This count did not take into consideration the following facts: Walker Consignment currently has goods worth $47700 on its sales floor that belong to Marigold but are being sold on consignment by Walker. The selling price of these goods is $74100. Marigold purchased $21200 of goods that were shipped on December 27, FOB destination, that will be received by Marigold on January 3. Determine the correct amount of inventory that Marigold should report.
Answer:
Explanation:
Worth of inventory on Dec 31 020 is $320600
Goods sold on consignment will also be included at historical cost and not on the basis of current price because ownership still lies with the company
Total inventory will be thus
320600 + 47700
= $368300 .
Goods to be received later than 31 Dec will not be included in the inventory.
Hence goods purchased worth 21200 will not be included .
Total worth of goods = $368300 .
Having a great credit score will make it easier for you to
get into a better educational institution.
TRUE
FALSE
The following data refers to Huron Corporation for the year 20x2.
Sales revenue .......................................................................................$2,105,000
Raw-material Inventory, 12/31/x1 ................................................................ 89,000
Purchases of raw material in 20x2 ............................................................. 731,000
Raw-material inventory, 12/31/x2 ..................................................................59,000
Direct-labor cost incurred ........................................................................... 474,000
Selling and administrative expenses ............................................................269,000
Indirect labor cost Incurred ...........................................................................150,000
Property taxes on factory ................................................................................90,000
Depreciation on factory building ....................................................................125,000
Income tax expense ........................................................................................25,000
Indirect material used ..................................................................................... 45,000
Depreciation on factory equipment ................................................................. 60,000
Insurance on factory and equipment ..............................................................40,000
Utilities for factory ...........................................................................................70,000
Work-In-process Inventory, 12/31/x1 ............................................................... -0-
Work-In-process inventory, 12/3/x2 .................................................................40000
Finished goods inventory, 12/31/xl .................................................................35,000
Finished-goods inventory, 12/31/x2 ................................................................40,000
Applied manufacturing overhead ................................................................. 577,500
Required:
1. Prepare Huronâs schedule of cost of goods manufactured for 20x2.
2. Prepare the companyâs schedule of cost of goods sold for 20x2. The company closes over applied or under applied overhead into Cost of Goods Sold.
3. Prepare the companyâs income statement for 20x2.
Answer:
1. schedule of cost of goods manufactured for 20x2
Beginning Work In Process Inventory $ 0
Direct Materials ($89,000 + $731,000 - $59,000 - $45,000) $716,000
Direct Labor $474,000
Applied manufacturing overhead $577,500
Less Ending Work In Process Inventory ($40,000)
cost of goods manufactured $1,727,500
2. schedule of cost of goods sold for 20x2.
Beginning Finished goods inventory $35,000
Add cost of goods manufactured $1,727,500
Less Ending Finished goods inventory ($40,000)
Cost of Goods Sold $1,722,500
Adjustment :
Less Under-applied Overheads ($2,500)
Adjusted Cost of Goods Sold $1,720,000
3. income statement for 20x2.
Sales revenue $2,105,000
Less Cost of Goods Sold ($1,720,000)
Gross Profit $385,000
Less Expenses :
Selling and administrative expenses ($269,000)
Net Profit Before tax $116,000
Income tax expense ($25,000)
Net Income after tax $91,000
Explanation:
Calculation of Actual Overheads Incurred
Indirect labor $150,000
Property taxes on factory $90,000
Depreciation on factory building $125,000
Indirect material used $45,000
Depreciation on factory equipment $60,000
Insurance on factory and equipment $40,000
Utilities for factory $70,000
Actual Overheads Incurred $580,000
Now,
Where Applied Overheads is $577,500 and Actual Overheads is $580,000, we have an underapplied situation of $2,500 ($580,000 - $577,500).
This under-applied amount is closed off to the cost of goods sold.
1. Computation of the cost of goods manufactured for 20x2
Direct Materials = Beginning Raw-material Inventory + Purchases of raw material - Closing Raw-material inventory - Indirect material used
Direct Materials = $89,000 + $731,000 - $59,000 - $45,000
Direct Materials = $716,000
Particulars Amount
Beginning Work In Process Inventory $0
Add: Direct Materials $716,000
Add: Direct Labor $474,000
Add: Applied manufacturing overhead $577,500
Less: Ending Work In Process Inventory ($40,000)
Cost of goods manufactured $1,727,500
2 .Computation of the cost of goods sold for 20x2
Actual Overheads Incurred = Indirect labor + Property taxes on factory + Depreciation on factory building + Indirect material used + Depreciation on factory equipment + Insurance on factory and equipment + Utilities for factory
Actual Overheads Incurred = $150,000 + $90,000 + $125,000 + $45,000 + $60,000 + $40,000 + $70,000
Actual Overheads Incurred = $580,000
Here, since the Applied Overheads is $577,500 and the Actual Overheads is $580,000, then, we have an under-applied value of $2,500 ($580,000 - $577,500)
Particulars Amount
Beginning Finished goods inventory $35,000
Add: Cost of goods manufactured $1,727,500
Less: Ending Finished goods inventory ($40,000)
Cost of Goods Sold $1,722,500
Adjustment of Cost of Goods Sold
Cost of Goods Sold $1,722,500
Less: Under-applied Overheads ($2,500)
Adjusted Cost of Goods Sold $1,720,000
3. Computation of the income statement for 20x2.
Particulars Amount
Sales revenue $2,105,000
Less: Cost of Goods Sold ($1,720,000
Gross Profit $385,000
Less: Selling and administrative expenses ($269,000)
Net Profit Before tax $116,000
Less: Income tax expense ($25,000)
Net Income after tax $91,000
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Social Media, Inc. (SMI) has two services for users. Toot!, which connects tutors with students who are looking for tutoring services, and TiX, which can be used to buy, sell, or exchange event tickets. For the following year, SMI expects the following results. Toot! TiX Total Users 8,900 16,600 25,500 Revenues $ 1,450,000 $ 1,200,000 $ 2,650,000 Engineering hours 7,375 5,375 12,750 Engineering cost $ 402,500 $ 521,875 $ 924,375 Administrative costs $ 739,500 Required: a. Compute the predetermined overhead rate used to apply administrative costs to the two services assuming SMI uses the number of users to allocate administrative costs. b. Based on the rates computed in requirement (a), what is the profit for each service?
Answer: See explanation
Explanation:
a. Predetermined overhead rate will be:
= Administrative costs/Number of users
= 739,500/25,500
= $29 per user
Administrative costs applied to Toot will be:
= Number of users x Predetermined overhead rate
= 8900 x 29
= $258100
Administrative costs applied to Tix will be:
= Number of users x Predetermined overhead rate
= 16600 x 29
= $481400
b. For Toot
Revenue: $1,450,000
Less: Engineering cost: $402,500
Less: Administrative cost: $258,100
Profit = $789400
For Tix:
Revenue: $1,200,000
Less: Engineering cost: $521,875
Less: Administrative cost: $481,400
Profit = $196725
In your opinion are the external benefits large or small and why so ?
Answer:
External benefits are large. Since,
external benefits of education incorporate both
private, public and social benefits.
Explanation:
.........(◕ᴗ◕✿)...........
what prportion of revenues is derived from property taxes? do the notes clearly indicate recognition croteria for promary revenue source?
Answer:
17 percent of general revenue.
Explanation:
The government budgets the general fund with the legally adopted budgets. The operating accounts have budgetary counterparts and they are recorded in the respective accounts. The revenue from property tax usually totals to $526 billion which 1% of state owned tax and 17% of general tax revenue.
Which forecasting technique involves analysts using the aggregate opinion of expert panelists, along with justified reasoning, to estimate future sales scenarios?
The ________ involves analysts using the aggregate opinion of expert panelists.
Answer:
case
Explanation:
hope this helps
Which services would a charitable organization provide? Check all that apply. preserving waterways operating a city aquarium opening an animal shelter inventing a new pet feeder owning a pet store franchise
Answer:
preserving waterways
operating a city aquarium
opening an animal shelter
Explanation:
edge 2020
In this context, the services that a charitable organization will provide includes:
Preserving waterwaysOperating a city aquariumOpening an animal shelterWhat is a charitable organization?This is a nonprofit organization that is created to advance some form of public benefit to the people.
These organization are established by individual or companies with an objectives of philanthropy and promotion of social well-being.
Therefore, the Option A, B and C is correct.
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Which type of manager is responsible for production and quality control?
Ten years ago, you took out a $500,000 loan to buy a small apartment building. The loan had a 6.25% interst rate, 25-year amortization and, like all mortgage loans, had monthly payments and interest compounding. Currently, mortgage rates have declined so that you could refinance the current loan balance with a new loan having a 5.75% interest rate and 20 year amortization period. You intend to own the property for 5 more years and are considering refinancing. a) Calculate the payments on the original loan b) Calculate the current loan balance of the original loan c) Calculate the loan balance of the original loan 5 years from now. d) Using the current, lower interest rate, calculate the present value of the remaining original loan payments (i.e. the PV of 60 monthly loan payments and the repayment of the loan balance after 5 years) e) Assume you refinance, taking out a new loan at the lower rate with an initial balance equal to the current balance of the original loan (i.e. the new loan amount is your answer from part b). Calculate the payments on this new loan. f) Calculate the loan balance of the new loan 5 years from now.
Answer:
a) Calculate the payments on the original loan
monthly payment = principal / annuity factor
principal = $500,000
PV annuity factor, 300 periods, 0.52% = 151.59095
monthly payment = $500,000 / 151.59095 = $3,298.349934 ≈ $3,298.35
b) Calculate the current loan balance of the original loan
I prepared an amortization schedule on an excel spreadsheet. The balance after the 120th payment is $384,681.
c) Calculate the loan balance of the original loan 5 years from now.
the balance after the 180th payment = $293,760
d) Using the current, lower interest rate, calculate the present value of the remaining original loan payments
we can use the present value of an ordinary annuity formula to determine the present value of the remaining 60 payments (of $3,298.35 each) and the present value of $293,760.
PV of loan payments = $3,298.35 x 52.0404 (PV annuity factor, 0.479%, 60 periods) = $171,647.45
PV of principal = $293,760 / (1 + 5.75%)⁵ = $222,121.59
total = $393,769.04
e) Assume you refinance, taking out a new loan at the lower rate with an initial balance equal to the current balance of the original loan (i.e. the new loan amount is your answer from part b). Calculate the payments on this new loan.
monthly payment = principal / annuity factor
principal = $384,681PV annuity factor, 240 periods, 0.479% = 142.43323monthly payment = $384,681 / 142.43323 = $2,700.78
f) Calculate the loan balance of the new loan 5 years from now.
I prepared a second amortization schedule (modified amortization schedule). The principal balance after the 60th payment is $325,235
Which of the following statements about the segment margin is not true? In preparing a segmented income statement, the variable expenses are deducted from sales to yield the contribution margin for each segment. The segment margin is obtained by deducting the common fixed costs that have been allocated to a segment from that segment's contribution margin. The segment margin represents the margin available after a segment has covered all of its own costs. The segment margin is the best gauge of the long-run profitability of a segment because it includes only those costs that are caused by the segment.
Answer: The segment margin is obtained by deducting the common fixed costs that have been allocated to a segment from that segment's contribution margin
Explanation:
Segment margin is referred to the net profit or the net loss that a particular segment of a business makes. Segment margin is used to know segments that are performing well.
It is also used to know the long-run profitability of a particular segment as it shows the margin that is available after the cost has been covered by a segment.
Based on the above illustration, the statement that isn't true will be "the segment margin is obtained by deducting the common fixed costs that have been allocated to a segment from that segment's contribution margin".
This is false as segment margin is gotten after the traceable fixed costs of a segment has been subtracted from the contribution margin of that particular segment.
Segment margin is cited as the web profit or the web loss that a selected segment of a business makes.
Segment MarginSegment margin is employed to understand segments that are performing well.
It is also accustomed to knowing the long-run profitability of a specific segment because it shows the margin that's available after the value has been covered by a segment.
Based on the above illustration, the statement that may not be true is going to be "the segment margin is obtained by deducting the common fixed costs that are allocated to a segment from that segment's contribution margin".
This is a falsehood as segment margin is gotten after the traceable fixed costs of a segment have been subtracted from the contribution margin of that individual segment.
Thus, the segment margin is obtained by deducting the common fixed costs that are allocated to a segment from that segment's contribution margin.
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2. income. Income from property received by households is an example of O labor O rental O interest & O none of the above
labor form income property received by households
Answer:
The answer is Rental
Explanation:
Which of the following mechanisms would be most likely to help motivate managers to act in the best interests of shareholders? a. Take actions that reduce the possibility of a hostile takeover. b. Decrease the use of restrictive covenants in bond agreements. c. Increase the proportion of executive compensation that comes from stock options and reduce the proportion that is paid as cash salaries. d. Elect a board of directors that allows managers greater freedom of action.
Answer:
c. Increase the proportion of executive compensation that comes from stock options and reduce the proportion that is paid as cash salaries.
Explanation:
Agency problem arises when the interest of shareholders and managers are at odds.
BY increasing the proportion of compensation from stock options, managers would be more interested taking actions that would increase stock value because if stock value increases, managers income would also increase.
Which actions would the Federal Reserve most likely take to slow Inflation?
Lower discount rate and buy government securities
Raise reserve requirement and lower discount rate
Ralse reserve requirement and sell government securities
Buy government securities and raise discount rate
The Swatch Group and Cultural Uniqueness
Summary
This case explores the Swatch Group and the influence of Swatch on culture. Founded in 1983 by Nicolas Hayek, Swatch is now the world’s biggest watch maker. The company not only produces finished watches, it also produces jewelry, watch movements, and watch components. Indeed, Swatch Group supplies nearly everything used in the production of its 18 individual brands that includes icons like Omega and Harry Winston as well as more mainstream options like Tissot and Longines.
In addition to its own line of products, Swatch Group sells watch components to third-party watchmakers and produces parts used for sport event timing. Swatch employs about 37,000 people across 37 global subsidiaries. With some 40 percent of the company still under the control of the Hayek family, Swatch focuses on diversity and culture.
The Swatch Revolution combines Swiss excellence in watchmaking with quirky affordable plastic components. Swatch promotes its watches as a means of speaking without words. Wearers of Swatch watches are telling more than just time, they are telling the world something about themselves. Swatch even suggests that wearers share their individuality and preferences on Instagram by tagging #MySwatch.
Discussion Questions
1. With the Hayek family controlling nearly 40 percent of The Swatch Group, how do you think the family’s influence impacts the corporate culture in the company? What about the company’s international culture being impacted by the Hayek family?
2. Many of the Swatch brands have become cultural icons among a strong core following of customers in the global marketplace. Some even talk about the "Swatch Revolution" that began when Nicolas Hayek founded the company. Why do you think Swatch has such a strong cultural following?
3. As mentioned, Swatch wants you to create your own unique way of accessorizing through its Swatch watch. Is a watch a way to show who a person is culturally? Does a watch get embedded into a person’s culture? Can a watch create a cultural image?
Answer:
The question definition is outlined underneath in the overview section.
Explanation:
(1)
Including respect to something like the Hayek family, which also owns approximately or more nearly 40 percent of the Swatch Community, I conclude that by acknowledging their construction companies as family members, the relatives seem to have an impact on the concept of the corporate community. The workers should operate collectively, independently of their employment, as a team. For the Swatch Group, this creates a powerful organizational environment which put suitable implemented in a variety of fields.Family beliefs that influence this entire corporation will affect the international culture of the firm. The unlikelihood's in national culture, however, affect the lack of common ideals and significance. Inside the digital economy, this limits communication, trust, and knowledgeable contributors.(2)
The major cultural monitoring can be explained by the mixture of technology as well as creativity that has rooted the Swatch Culture through its product. And perhaps even developments in branding and ads, the Swatch concept relies on reference implementation, automation, and assembly technology. It began with a high-tech as well as inexpensive watch that those of us who could accommodate.Access to affordable was indeed the primary factor for the market success of the Swatch Company. However, the Swatch Organization is actively innovating and marketing the commodity to technical data scientists. In every consumer segment, the Swatch Community has evolved from inexpensive to pricey watches.(3)
In symbolizing to person, a monitor plays an important part. It displays different things, such as from an amount of available data, a sign of money, a fashion accessory, or maybe even a clear indication of upcoming appointments. When individuals see that they are late, the concept of time can mean the commercial term "time is money," which does not matter where they would be close to the election. I don't understand why, however according to oneself, I'm open to the culture of a world when certain individuals sports smart watches. A community is a composite of a single group's principles, behaviors, vocabulary, and beliefs. All forms, such as political ideologies, traditions, language as well as standards, may represent representations of culture.As something of a national signifier for many conservative communities, Hamza seems to be the hand of the creator. A cultural icon shouldn't be seen as an icon and should therefore be scattered away from physically artificial norms. It has now become a symbol of money, strength, elevated status as well as fashionable that, however, according to me, it's not like every trait should have an essential cultural image.The answers are provided from the information given in the summary. Kindly follow the given answers below.
(1)
By identifying their construction companies as family members, the relatives appear to have an impact on the concept of the corporate community, especially when it comes to the Hayek family, which owns about or almost 40% of the Swatch Community. Workers should work together as a team, regardless of their employment status. This generates a robust organizational framework for the Swatch Group, which may be used in a variety of disciplines.
The worldwide culture of the company will be influenced by family ideas that influence the entire enterprise. National culture's improbabilities, on the other hand, have an impact on the lack of common ideals and significance. This hinders communication, trust, and informed contributors inside the digital economy.
(2)
The combination of technology and creativity that has planted the Swatch Culture through its product explains the major cultural monitoring.
The Swatch concept is based on reference implementation, automation, and assembly technologies, as well as possible improvements in branding and advertising. It all started with a high-tech but low-cost watch that those of us who could afford it could afford.
The Swatch Company's commercial success was largely due to its ability to provide cheap watches. The Swatch Group, on the other hand, is constantly inventing and marketing the commodity to technical data scientists. The Swatch Community has evolved from low-cost to high-end watches in every market group.
(3)
A monitor plays an important role in symbolizing a person. It can show a variety of things, like the amount of data accessible, a symbol of money, a fashion accessory, or even a clear signal of forthcoming meetings. When people realize they are late, the concept of time might mean the commercial phrase "time is money," regardless of where they are in relation to the election.
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Loan amortization schedule Personal Finance Problem Joan Messineo borrowed $15,000 at a 14% annual rate of interest to be repaid over 3 years. The loan is amortized into three equal, annual, end-of-year payments. a. Calculate the annual, end-of-year loan payment. b. Prepare a loan amortization schedule showing the interest and principal breadown of each of the three loan payments. c. Explain why the interest portion of each payment declines with the passage of time. a. The amount of the equal, annual, end-of-year loan payment is $6460.976460.97. (Round to the nearest cent.) b. Prepare a loan amortization schedule showing the interest and principal breakdown of each of the three loan payments. Many financial calculators have an amortization function which makes this process easy. (Hint: Once the payment is determined in step a above, you can use the AMORT function to calculate the interest paid, principal paid and ending loan balance for each payment period). (Round to the nearest cent.) End-of-year Timeline Beginning-of-year Principal Loan Payment Interest Payment Principal Payment End-of-year Principal 1 $1500015000 $6460.976460.97 $21002100 $4360.974360.97 $10639.0310639.03 2 $nothing $nothing $nothing $nothing $nothing 3 $nothing $nothing $nothing $nothing $nothing c. Explain why the interest portion of each payment declines with the passage of time. (Select the best answer below.)
Answer:
a) annual payment = PV of the loan / PV annuity factor
i = 14%
n = 3
PV annuity factor, 14%, 3 periods = 2.3216
annual distribution = $15,000 / 2.3216 = $6,461.06
b)
principal cash payment interest paid principal paid ending bal.
15,000 6,461.06 2,100 4,361.06 10,638.94
10,638.94 6,461.06 1,489.45 4,971.61 5,667.33
5,667.33 6,461.06 793.73 5,667.33 0
c) the interest portion declines with every payment because interest is charged over the principal's balance, and if the principal decreases, then the interest will be lower.
Mojo Mining has a bond outstanding that sells for $640 and matures in 18 years. The bond pays semiannual coupons and has a coupon rate of 5.54%. The par value is $1,000. If the company's tax rate is 35%, what is the aftertax cost of debt
Answer:
After tax cost of debt = 6.40%
Explanation:
Coupon rate = 5.54%
Years of maturity = 18
NPER = Years of maturity * 2 = 18 * 2 = 36
PMT = (Face value * Coupon rate) / 2 = (1,000 * 5.54%) / 2 = 27.7
Face value = $1,000
Price (PV) = $640
Rate (36, 27.2, -640, 1000) Using excel = 0.049246 = 4.92%
YTM = Rate * 2 = 4.92% * 2 = 0.098492 = 9.85%
Pre-tax csot of debt = 9.85%
After tax cost of debt = 9.85%* (1 - 0.35)
After tax cost of debt = 9.85% * 0.65
After tax cost of debt = 0.098492 * 0.65
After tax cost of debt = 0.0640198
After tax cost of debt = 6.40%
Prepare the journal entries to record the following transactions on Sheridan Company’s books using a perpetual inventory system. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
(a) On March 2, Crane Company sold $890,100 of merchandise to Sheridan Company, terms 2/10, n/30. The cost of the merchandise sold was $528,500.
(b) On March 6, Sheridan Company returned $100,500 of the merchandise purchased on March 2. The cost of the merchandise returned was $68,700.
(c) On March 12, Crane Company received the balance due from Sheridan Company.
No Date Accounts titles and explanation Debit Credit
a) March 2
a) March 2
b) March 6
b) March 6
c) March 12
c) March 12
*Please also provide info on how the calculations were found.
Answer:
Sheridan Company
Journal Entries:
March 2:
a) Debit Inventory $890,100
Credit Accounts Payable (Crane Company)
To record the purchase of merchandise, terms 2/10, n/30.
March 6:
b) Debit Accounts Payable (Crane Company) $100,500
Credit Inventory $100,500
To record the record of merchandise.
March 12:
c) Debit Accounts Payable (Crane Company) $789,600
Credit Cash Discount $15,792
Credit Cash Account $773,808
To record the payment to Crane on account.
Explanation:
The amount ($773,808) that Sheridan Company paid to Crane Company is $890,100 minus the inventory return of $100,500 ($789,600) and the cash discount of $15,792 ($789,600 * 2%).
You can purchase a tract of land for $75,000 that you believe you can develop and sell as a residential development. Your development costs are $60,000 to be incurred immediately. You expect to sell all the lots in years 3-5 at a net income of $70,000, $85,000, and $68,000 respectively. Your required rate of return is 12 percent. Do you purchase the tract of land? HTML EditorKeyboard Shortcuts
Answer:
The tract of land should be purchased
Explanation:
To determine if the land should be bought, compare the present value of the income that would be derived from selling the lots to the cost of the land
Total cost of the land = $75,000 + $60,000 = $135,000
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow in year 1 and 2 = 0
Cash flow in year 3 = $70,000
Cash flow in year 4 = $85,000
Cash flow in year 5 = $68,000
I = 12%
Present value = $142,428.68
The tract of land should be purchased because the present value of the cash flows is greater than the cost of the land
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Product White Fragrant Loonzain Total Percentage of total sales 48 % 20 % 32 % 100 % Sales $ 312,000 100 % $ 130,000 100 % $ 208,000 100 % $ 650,000 100 % Variable expenses 93,600 30 % 104,000 80 % 114,400 55 % 312,000 48 % Contribution margin $ 218,400 70 % $ 26,000 20 % $ 93,600 45 % 338,000 52 % Fixed expenses 233,480 Net operating income $ 104,520 Dollar sales to break-even = Fixed expenses = $233,480 = $449,000 CM ratio 0.52 As shown by these data, net operating income is budgeted at $104,520 for the month and the estimated break-even sales is $449,000. Assume that actual sales for the month total $650,000 as planned. Actual sales by product are: White, $208,000; Fragrant, $260,000; and Loonzain, $182,000. Required: 1. Prepare a contribution format income statement for the month based on the actual sales data. 2. Compute the break-even point in dollar sales for the month based on your actual data.
Answer:
1) contribution format income statement
Product
White Fragrant Loonzain Total
Actual sales $208,000 $260,000 $182,000 $650,000
Variable exp. $62,400 (0.3) $208,000 (0.8) $100,100 (.55) $370,500
Con. margin $145,600 (0.7) $51,200 (0.2) $81,900 (.45) $278,700
Fixed expenses $233,480
Operating income $45,220
2) break even point in dollar sales = fixed expenses / CM ratio = $233,480 / ($278,700 / $650,000) = $544,535.34
Michael Jones is saving for an Australian vacation in three years. He estimates that he will need $5,340 to cover his airfare and all other expenses for a week-long holiday in Australia. If he can invest his money in an S&P 500 equity index fund that is expected to earn an average annual return of 10.6 percent over the next three years, how much will he have to save every year if he starts saving at the end of this year? (Round factor values to 4 decimal places, e.g. 1.5212 and final answer to 2 decimal places, e.g. 15.25.)
Answer:
$1603.97
Explanation:
We are to find the present value of the annuity
the formula for finding he present value of an annuity is :
A = FV / annuity factor
annuity factor = [(1 + r)^n - 1 ] / r
FV = Future value = $5340
r = interest rate = 10.6%
n = number of years = 3
(1.106)^3 - 1 / 0.106 = 3.329236
a = $5,340 / 3.329236 = $1603.97
You run a nail salon. Fixed monthly cost is $5,093.00 for rent and utilities, $5,924.00 is spent in salaries and $1,370.00 in insurance. Also every customer requires approximately $4.00 in supplies. You charge $116.00 on average for each service.You are considering moving the salon to an upscale neighborhood where the rent and utilities will increase to $11,944.00, salaries to $6,992.00 and insurance to $2,427.00 per month. Cost of supplies will increase to $8.00 per service. However you can now charge $151.00 per service. At what point will you be indifferent between your current location and the new loaction
Answer:
The indifference point is 290 services.
Explanation:
Current location:
Rent and utilities= $5,093
Salies= $5,924
Insurance= $1,370
Total fixed cost= $12,387
Contribution margin per unit= 116 - 4= $112
New location:
Rent and utilities= $11,944
Salies= $6,992
Insurance= $2,427
Total fixed costs= $21,363
Contribution margin per unit= 151 - 8= $143
First, we need to structure the total income formula (y):
Current location:
y= 112x - 12,387
New location:
y= 143x - 21,363
x= number of services
Now, we equal both formulas and isolate x:
112x - 12,387 = 143x - 21,363
31x =8,976
x= 289.55 = 290 services
The indifference point is 290 services.
Prove:
y= 112*290 - 12,387= $20,093
y= 143*290 - 21,363= $20,107
The difference is due to round up.