Answer: working as a team sets up organizations for outstanding success and Improvement of team members
Explanation:
Working as a team has been a great help for most organizations. It's been realized that success experienced by many firms has been a result of what the teams accomplished when they worked together on a project, here are some reasons why they become prevalent;
1) Unity is being fostered within their activities, everyone is able to understand each other and know how to cooperate with the other
2) Productivity and efficiency is usually on the high as teams that work together put in a lot of energy to be productive in many efficient ways
3) There is an opportunity to learn from the group, thereby improving the skills of everyone on the group
They provide a competitive advantage when they work together, with everyone's effort, progress, success and achievement's are bound to occur.
A credit sale of $2900 is made on july 15 terms 2/10 n/30 on which a return of 300 is granted on july 18. What amount is received as payment in full on July 24?
a. $900
b. $833
c. $850
d. $882
Answer:
$2,548
Explanation:
The computation of the amount received as on payment in full on July 24 is shown below:
= Sale made - returned goods
= $2,900 - $300
= $2,600
Now the full payment would be
= net sales - discount rate of net sales
= $2,600 - 2% of $2,600
= $2,600 - $52
= $2,548
This is the answer but the same is not provided in the given options
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Don takes out a personal loan for $12000 to fund his wedding. He will repay it over 5 years at 6% p.a. Calculate the:
Answer:
(a)Total repayment = $16,185.95
(b) Monthly repayment = $231.99.
(c) Interest charged = $4,185.95
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
Don takes out a personal loan for $12000 to fund his wedding. He will repay it over 5 years at 6% p.a. Calculate the:
(a) Monthly repayment
(b) Total repayment
(c) Interest charged.
The explanation to the answers is now provided as follows:
(a) Monthly repayment
This can be calculated using the formula for calculating the present value of an ordinary annuity as follows:
PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)
Where;
PV = Present value of the of the loan or the loan amount = $12,000
P = Monthly repayment = ?
r = Monthly interest rate = 6% / 12 = 0.06 / 12 = 0.005
n = number months = 5 years * 12 months = 60
Substitute the values into equation (1) and solve for P, we have:
$12,000 = P * ((1 - (1 / (1 + 0.005))^60) / 0.005)
$12,000 = P * 51.7255607511308
P = $12,000 / 51.7255607511308
P = $231.99
Therefore, monthly repayment is $231.99.
(b) Total repayment
This can be calculated using the formula for calculating the Future Value (FV) of an Ordinary Annuity is used as follows:
FV = M * (((1 + r)^n - 1) / r) ........................................ (2)
Where;
FV = Future value of the loan or total repayment = ?
M = Monthly repayment = $231.99
r = Monthly interest rate = 6% / 12 = 0.06 / 12 = 0.005
n = number months = 5 years * 12 months = 60
Substitute the values into equation (2), we have:
FV = $231.99 * (((1 + 0.005)^60 - 1) / 0.005)
FV = $231.99 * 69.7700305098607
FV = $16,185.95
Therefore, total repayment is $16,185.95.
(c) Interest charged
This can be calculated as follows:
Interest charged = Total repayment - Loan amount = $16,185.95 - $12,000 = $4,185.95.
Therefore, interest charged is $4,185.95.
A stock has a beta of 1.08, the expected return on the market is 10.2 percent, and the risk-free rate is 4.85 percent.
Required: What must the expected return on this stock be? (Do not include the percent sign (%).Round your answer to 2 decimal places (e.g., 32.16).)
Expected return ____________%?
Answer:
im sorry
Explanation:
Mendelson Laboratories purchased engineering equipment at a cost of $420,000. Shipping costs totaled $15,000. Installation cost was $8,000. An additional electrical line had to be run to the equipment at a cost of $3,000. Labor and testing costs totaled $6,000. Materials used up in testing cost $3,000. The capitalized cost is:
Answer:
The capitalized cost is $455,000
Explanation:
According to the Standard (IAS 16) costs of an item of Property, Plant and equipment include the Purchase Costs and any other costs directly attributable to placing the asset in the location and condition for use as intended by management.
Calculation of Costs of Equipment :
Purchase Costs $420,000
Shipping costs $15,000
Installation cost $8,000
Electrical line $3,000
Labor and testing costs $6,000
Material in testing $3,000
Total cost $455,000
Suppose a local hardware store turns over its inventory of power pools 6.0 times per year If the hardware store has an average inventory of 120 power tools, what is its average daily sales rate for power tools?
Answer: 2 power tools
Explanation:
Given the variables, Little's formula can be used to solve this.
Inventory turnover = Annual Sales / Average inventory
First find annual sales;
6 = Annual sales / 120
Annual sales = 6 * 120
Annual sales = 720 power tools.
Average daily sales assuming 360 days;
= 720/360
= 2 power tools
The interest accrued on $7,500 at 6% for 90 days is: (Use 360 days a year.)
a. $11.25.
b. $450.00.
c. $37.50.
d. $112.50.
e. $1,800.00.
Answer:
Results are below.
Explanation:
Giving the following information:
Initial investment (PV)= $7,500
Interest rate= 0.06/360= 0.00017 daily
Number of periods= 90 days
To calculate the interest earned, we need to use the following formula:
I= [PV*(1+i)^n] - PV
I= [7,500*(1.00017^90)] - 7,500
I= $115.62
Answer:
$112.50
Explanation:
Amount X Rate X Time =
(Principal of the note x Annual Interest Rate x Time expressed in fraction of year (360 days using the "banker's rule") = Interest)
$7,500 x 0.06 = 450
450 x 90 / 360 = $112.50
Alpha's preferred stock currently has a market price equal to $80 per share. If the dividend paid on this stock is $6 per share, what is the required rate of return investors are demanding from Alpha's preferred stock?
a. 7.5%
b. 13.3%
c. 6.0%
d. $6.00
Answer:
r = 0.075 or 7.5%
Option a is the correct answer.
Explanation:
The required rate of return is the minimum return that the investors require on a stock based on the risk associated with that stock. To calculate the required rate of return on a preferred stock, we divide the dividend provided by the preferred stock by the market price of the stock.
r = Dividend / Market Price
r = 6 / 80
r = 0.075 or 7.5%
When an employee's behavior does not improve over time through progressive disciplinary measures, ____ is the final option.
Answer:
Discharge.
Explanation:
This is seen to be a formal way of relieving an employer off his duties due to many wrong reasons which can be easily tagged misconduct. This is is not the first step of the disciplinary action as verbal warnings and other written warnings must have been sent to the said employee(s) before dismissal. Which is seen to be the final step by the employer. Some employees are seen to try to appeal this termination as most cases is seen to be failed attempts as their cases has already been settled by the panel.
Grace wants to sell her motorcycle, and Damarius is looking for a used motorcycle to buy. Damarius takes it for a test drive. Grace knows that the clutch is going out on her motorcycle, the fuel filter is leaking, and the tires will need to be replaced soon. If she does not disclose this information to Damarius and he cannot tell from his test drive, this is an example of:
a. an external cost.
b. asymmetric information.
c. an external benefit.
d. a public good.
Answer:
The correct answer is the option B: Asymmetric information.
Explanation:
To begin with, in the microeconomics theory the concept known as "Asymmetric information" refers to a particular situation that can happens when two economic agents are going to have a transaction between them and one of the parties, most commonly the one that sells, is aware or has in his power information that can harm the other party or that puts the first one in a situation of more power due to the fact that the other one does not possess that information. So in that situation the first one who has the information is taking an advantage over the other and that makes it totally unethical because is acting in bad faith.
The financial segment of a business plan will cover a specific period of time. The length of this projected period may be:______
a. for 1 year, which may be too short to show true outcomes.
b. for 10 years, which may be too long to meaningfully forecast.
c. over a range of 1 year to as many as 10 years.
d. All of these are correct.
Answer:
d. All of these are correct.
Explanation:
Financial analysis can be defined as the process of analyzing the stability, profitability, accuracy and viability of a business entity through its financial statements.
Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.
Financial reporting can be defined as the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.
The objective of financial reporting include all of the following to provide information that:
1. Is useful to those making investment decisions. This information would help creditors to determine whether they should lend to a client or not; or assist investors in deciding whether they should invest in a business or not.
2. Is useful to those lending out money to business entities. When investors and creditors are well furnished with financial information about an organization, they would be able to assess the amounts of cash, timing, and uncertainty of cash flows from dividends or interest.
3. Is useful to creditors in making decisions about providing resources to business entities.
In conclusion, the financial segment of a business plan will cover a specific period of time. The length of this projected period may be;
a. for 1 year, which may be too short to show true outcomes.
b. for 10 years, which may be too long to meaningfully forecast.
c. over a range of 1 year to as many as 10 years.
Cash equivalents meet all of the following criteria except:
a. More liquid than cash.
b. Readily convertible to a known cash amount.
c. Have a market value that is not sensitive to interest rate changes.
d. Short-term U.S. treasury bills.
e. Short-term investments purchased within 3 months of their maturity dates.
Answer:
a. More liquid than cash.
Explanation:
Cash equivalents can be defined as the total amount of cash at hand reported on a company's balance sheet and short-term financial securities having its maturity period typically around 90 days or even less.
Generally, it comprises of certificate of deposits, securities, bank accounts etc.
Hence, cash equivalents meet all of the following criteria:
1. Readily convertible to a known cash amount.
2. Have a market value that is not sensitive to interest rate changes.
3. Short-term U.S. treasury bills.
4. Short-term investments purchased within 3 months of their maturity dates.
Why is a vendor closing checklist especially important when a project manager orders and receives specialty products
Answer:
A vendor checklist is used to avoid errors in items supplied by the vendor. It gives assurance that the product meets specifications and there is no shortfall in quantity
Explanation:
Vendor closing checklist is defined as a list that helps a manager to verify if all the items he ordered from a vendor meets his requirements, is complete, and is delivered on time.
This checklist is especially important because mistakes or intentional misrepresentation from the vendor will lead to payment for items not received or of low quality.
These losses eats deeply into the profit that the business is struggling to make.
From what you know of the company so far, what will be among the variousconstituencies that the CSIRT will serve
Answer:
The definition is defined throughout the clarification subsection below and according to the condition given.
Explanation:
It offers resources that let staff address data security knowledge as well as assistance for mitigation as well as cybersecurity management through the whole enterprise. It offers 7 reactions and concerted initiative in the treatment of accidents. The formation including its institution will influence the IT department and perhaps other departments that use its structures.This professional analyzes statistics and uses them to calculate risks and premiums
Answer:
Explanation:
An actuary compiles and analyzes statistics and uses them to calculate insurance risks and premiums. Mehmud and associates created the tool, called “Wakely Risk Insight,” to aid the consulting firm’s clients.
Assuming the market interest rate is 10% per annum, how much would Coronado Industries record as a note payable if the terms of the loan with a bank are that it would have to make one $128000 payment in two years
Answer: $105,785
Explanation:
Coronado would need to record the note at the present value of $128,000 given a rate of 10% and a 2 year maturity.
= 128,000 / ( 1 + 10%)²
= 128,000/ 1.21
= 105,785.12
= $105,785
Purple Turtle Group is analyzing a project with the following cash flows: Year Cash Flow 0 -$795,000 1 $375,000 2 $-500,000 3 $600,000 4 $400,000 This project has cash flows. Purple Turtle Group’s WACC is 5.50%. Calculate this project’s modified internal rate of return (MIRR).
Answer:
MIRR = 4.32%
Explanation:
year cash flow
0 -$795,000
1 $375,000
2 -$500,000
3 $600,000
4 $400,000
Since there are 2 cash outflows, the IRR calculation would result in two different answers (1 for every cash outflow), that is why we use the MIRR function in excel.
=MIRR (cash flows, finance rate, reinvestment rate)
=MIRR (-795000 to 400000, 5.5%, 5.5%)
Since we are only given one interest rate, we will use it as our finance rate and our reinvestment rate.
MIRR = 4.32%
On January 1, 2021, Lizzy's Lemonade issues 6%, 10-year bonds with a face amount of $98,000 for $91,035, priced to yield 7%. Interest is paid semiannually. What amount of interest expense will be recorded on June 30, 2021, the first interest payment date
Answer: $3186
Explanation:
The interest expense that will be recorded on June 30, 2021, the first interest payment date will be calculated as:
= Issue price × Yield price × 1/2
= $91035 × 7% × 1/2
= $91035 × 7/100 × 1/2
= $91035 × 0.07 × 0.5
= $3186
Item11 Item 11Item 11 Schister Systems uses the following data in its Cost-Volume-Profit analyses: Total Sales $ 390,000 Variable expenses 214,500 Contribution margin 175,500 Fixed expenses 118,000 Net operating income $ 57,500 What is total contribution margin if sales volume increases by 40%
Answer:
the total contribution margin is $245,700
Explanation:
The computation of the total contribution margin in the case when the sales volume rise by 40% is shown below:
Since the sales volume is rise so the contribution margin is also rise by 40%
Therefore the total contribution margin would be
= Contribution margin × (1 + increased percentage)
= $175,500 × (1 + 0.40)
= $175,500 × 1.40
= $245,700
Hence, the total contribution margin is $245,700
Companies amortize the cost of a patent over its:________
a. legal life or its useful life, whichever is longer.
b. legal life or its useful life, whichever is shorter.
c. useful life.
d. legal life g.
Answer:
c. useful life.
Explanation:
In the case of the patent, the cost price of the patent could be amortized over its useful life but that should not be more than its legal life. The legal life is 20 years
Therefore as per the given situation, the option c is correct as the cost of the patent could be amortized by the company over its useful life
Therefore the same is to be considered
hence, all other options are incorrect
When Olamede, the Marketing department chair, passes information to his faculty and staff about new policies through memos and emails, he is acting as a:_________
A) disseminator. B) monitor. C) leader. D) liaison. E) resource allocator.
Answer:
A. Disseminator
Explanation:
A disseminator is referred to as an individual which helps to pass information from a primary source to other people. Such individual is usually tasked with ‘disseminating’ informations through various means such as orally or in written form.
Olamede passes information to his faculty and staff about new policies through memos and emails which makes him a disseminator.
What percentage of medical insurance payments can self-employed taxpayers deduct as a deduction for adjusted gross income on their 2019 tax returns?
Answer:
"100%" would be the right answer. A further explanation is given below.
Explanation:
Self-employed employees become entitled to withhold the remainder of premiums for individuals, eligible families, and certain dependents, namely the 100 percent including its medical benefit payment (which includes dental and even deep-term healthcare insurance). Because it is the law unless net profits exceed the compensation premium, which is likely to subtract $100.Suppose you have $850 and plan to purchase a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually. How much will you have when the CD matures?
Answer:
FV= $772
Explanation:
Giving the following information:
Initial investment (PV)= $850
Interest rate (i)= 3.5% = 0.035
Number of periods (n)= 5 years
To calculate the future value (FV), we need to use the following formula:
FV= PV*(1+i)^n
FV= 650*(1.035^5)
FV= $772
Is a market where securities are bought and sold
A primary market is where securities are bought and sold.
You can buy and sell securities through brokerages, the issuing company, banks, or individual investors.
A market that has a single supplier of a product with no close substitutes and barriers to entry is:________
a. an oligopoly.
b. monopolistically competitive.
c. a pure monopoly.
Answer:
c. a pure monopoly.
Explanation:
A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes. Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.
For example, a public power company is an example of a monopoly because they serve as the only source of power utility provider to the general public in a society.
Additionally, a public power company refers to a company that provides power (electricity) utility to the general public of a society.
Hence, a market that has a single supplier of a product with no close substitutes and barriers to entry is a pure monopoly.
Select the correct text in the passage.
Which sentences indicate that Thomas is dealing with a prototype product?
Thomas got the idea of inventing a low-voltage air conditioner. After several months of trial and error, he developed an AC model blueprint. He finally began his work on its production. With every test, Thomas went on making changes to his new product. Once convinced, he sold the rights of his invention to ABEC Corp for a handsome fee.
Thomas got the idea of inventing a low-voltage air conditioner. After several months of trial and error, he developed an AC model blueprint. He finally began his work on its production. With every test, Thomas went on making changes to his new product. Once convinced, he sold the rights of his invention to ABEC Corp for a handsome fee.
Answer: With every test, Thomas went on making changes to his new product.
Explanation: key word test he is testing and that is what you do with a prototype
Disinflation is defined as a:__________
a. negative rate of inflation.
b. constant rate of inflation.
c. zero rate of inflation.
d. reduction in the rate of inflation.
Answer:
Option d (reduction in the rate of inflation) is the appropriate option.
Explanation:
Disinflation seems to be a decline throughout the pace of price growth that happens traditionally throughout a recession because this availability of commodities exceeds the threshold value for themselves. Although unlike deflation, whenever consumer prices inevitably decline, disinflation income levels don't collapse, perhaps the inflation rate appears zero.Some other choices being made aren't connected to the circumstance offered. So the answer above is the right one.
A group of management consultants is studying OGSI Manufacturing and its team management strategy. Once Pete Jazoni's work group was selected for special attention by the management consultants, the work group's production output nearly doubled. Jazoni's group's reaction to the special attention is an example of
Answer:
the Hawthorne effect
Explanation:
The Hawthorne Effect is the theory that states that people are more likely to modify their behavior because they are under study or evaluation and not as a result of response to stimuli.
Therefore, according to the given question, Pete Jazoni's output nearly doubled once it was selected for special attention by experts. This is an example of the Hawthorne effect.
You have always viewed images, but you have never been in a position of creatingthemâlet alone creating them for a variety of uses and circumstances. You decide to giveyourself a crash course in graphics file formats so you know exactly which format is ideal foreach situation in your new graphics design internship, and so you know the disadvantages ofeach format.An easy project is a quick one: a collection of basic shapes and images with few colors. What does your manager tell you is the best format for these?a. JPGb. TIF c. PN Gd. BM P
Answer: a) JPEG
Explanation:
Joint photographic experts group is a widely known method for compression of digital images, especially those produced by a digital photography. They can be adjusted in their degree of compression between their size, image and quality.
The Up and Coming Corporation's common stock has a beta of 0.9. If the risk-free rate is 4 percent and the expected return on the market is 15 percent, what is the company's cost of equity capital? (Do not round your intermediate calculations.)
a) 13.2%
b) 14.46%
c) 17.5%
d) 14.59%
e) 13.9%
Answer:
r = 0.139 or 13.9%
Option e is the correct answer
Explanation:
Using the CAPM, we can calculate the required/expected rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.
The formula for required rate of return under CAPM is,
r = rRF + Beta * (rM - rRF)
Where,
rRF is the risk free rate rM is the market return
r = 0.04 + 0.9 * (0.15 - 0.04)
r = 0.139 or 13.9%
A business may decide to accept additional business at a special price for all of the following reasons except Group of answer choices if additional sales will not conflict with regular sales. if additional sales will increase differential income. if there is an increase to sales only if fixed expenses are not increased. if there is an increase to sales even if fixed expenses are also increased.
Answer:
if there is an increase to sales even if fixed expenses are also increased.
Explanation:
In simple words, fixed cost refers to the expenditures, that unlike variable expenses, remain stable at a high level. Factory or office rent , labor charges are some of the prime examples of fixed expenses.
Due to fixed expenses, entities operating at higher level makes higher profit. Hence, if the fixed expenses also increase with sales then the project might not be very profitable to accept.