Explanation:
The relationship between performance management and continuous quality improvement is that performance management is configured as a systematization of organizational processes that will improve organizational systems and lead to the process of continuous quality improvement.
Performance management will help the company to analyze and improve all its activities, through actions such as improving working conditions, implementing new technologies, training employees, improving organizational communication, etc.
The performance management processes and actions will assist in the continuous improvement of the quality of each organizational system, since the two tools propose the planning, organization and monitoring of processes in order to improve them to achieve greater efficiency and quality for the achievement of the organization's goals and objectives.
A house sold for $165,000, and the total commission received by the broker was $13,200. What was the rate of commission?
Answer:
the rate of commission is 8%
Explanation:
The computation of the rate of commission is shown below:
Rate of commission is
= Commission received by the broker ÷ Sale value of the home
where,
The Commission received by the broker is $13,200
And, the sale value of the home is $165,000
Now put these values to the above formula
So, the rate of commission is
= $132,00 ÷ $165,000
= 8%
Hence, the rate of commission is 8%
The present value of growth opportunities (PVGO) is equal to: I) the difference between a stock's price and its no-growth value per share. II) the stock's price. III) zero if its return on equity equals the discount rate. IV) the net present value of favorable investment opportunities.
Answer: I, III and IV
Explanation:
The present value of growth opportunities (PVGO) is equal to the difference between the price of a stock and its no-growth value per share.
It us also equal to zero if its return on equity equals the discount rate and us also the net present value of favorable investment opportunities.
The present value of growth opportunities (PVGO) is not equal to the stock price. Therefore, option I, III and IV are correct.
"A high-ranking officer of ABC Corporation owns 10,000 shares of ABC Corporation control stock that she wishes to sell under the provisions of Rule 144. The company has 900,000 shares outstanding. The average weekly trading volume over the preceding 4 weeks was 3,000 shares. The maximum permitted sale under Rule 144 is:"
Answer: $9,000
Explanation:
Rule 144 is a regulation that governs the trading of restricted, unregistered, and control securities and is enforceable by the SEC.
Under the rule, the person, as an officer of the ABC Corporation is limited to selling the higher of 1% of the Outstanding stock the company has or the average weekly trading volume over the preceding 4 weeks.
1% of the outstanding 900,000 shares is;
= 1% * 900,000
= 9,000 shares
This is higher than the average weekly trading volume over the preceding 4 weeks so this is the maximum permitted sales figure.
The strategy that a firm chooses dictates such structural elements as the division of tasks, the need for integration of activities, and authority relationships within the organization. This implies that
Answer: C. structure follows strategy.
Explanation:
The text mentions that the strategy that is chosen is the one to influence the structural elements in an organization. This is true because the Strategy of the Organization tells what the Organization wants to achieve in the long run.
The Organizational Structure would then have to fall in behind this and be done in such a way that the different activities in the organization will be garnered towards achieving the goals that the strategy has set.
Which of the following terms are associated with over-the-counter (OTC) trading?
1. Market maker.
2. Specialist.
3. Auction market.
4. Negotiated market.
A. 1 and 3.
B. 1 and 4.
C. 2 and 4.
D. 2 and 3.
Answer:
B. 1 and 4.
Explanation:
option 4) negotiated market
Since OTC trading involves stocks that generally come from companies that cannot trade in large stock exchanges, OTC traders usually negotiate directly with each other. In order for stocks to trade in large stock markets, they must fulfill certain requisites and many small companies cannot do it.
option 1) market maker
Traders that operate in secondary markets are called market makers. The two types of secondary markets are OTCs and exchange markets (large trading markets like NYSE, Nasdaq). Market makers also trade in primary markets. Traders that act on primary markets are the underwriters that carry out the IPOs.
Stocks that trade via OTC are typically smaller companies that cannot meet exchange listing requirements of formal exchanges. ... OTC securities trade by broker-dealers who negotiate directly with one another over computer networks and by phone using the OTCBB.
Kit-N-Sit and Kittysitters are two cat-sitting services in Kent, Ohio. There are no other cat-sitting services, so the market is considered to be a duopoly. According to the kinked demand curve theory, if Kit-N-Sit cuts prices, Kittysitters will
Answer:
also cut its prices.
Explanation:
the kinked demand theory is based on the premise that prices in oligopoly or duopoly markets tend to be very rigid and the participating industries are not very responsive to price changes. I.e. competitors will tend to respond more to a price decrease than to a price increase. In this case, Kittysitters will only change their prices if Kit-N-Sit decreases them. Instead, if Kit-N-Sit increased their prices, Kittysitters would do nothing.
On January 2, 2016, Jennings Company purchases machinery and equipment and borrows $200,000 on a 5-year non-interest-bearing note. The principal of $200,000 will be paid at the maturity date of December 31, 2020. To place a fair value on the transaction, the accountant will impute an interest rate and use that rate to compute the present value of the note.Required: Assuming that an 8% interest rate is applicable, record the journal entry for interest expense for the year ended December 31, 2016.
Answer:
December 21, 2016
DR Interest expense....................................................$10,889.33
CR Discount on notes payable.......................................................$10,889.33
Explanation:
The interest to be paid will be charged on the present value of the note in 2016.
Present value of $200,000 = 200,000 / ( 1 + 8%)^5
= 200,000/1.4693280768
= $136,116.64
Interest to be paid;
= 136,116.64 * 8%
= $10,889.33
Which federal reserve policies would help the economy out of a recession?
Answer:
Quantitative measures, is the right answer.
Explanation:
Recession is the period of economic contraction during which the aggregate demand falls. During this period, no new investment and employment generated. Therefore, those federal policies that increase the purchasing power of people and help to increase the aggregate demand or spending are implemented. Thus, quantitative measures can be taken, like a decrease in bank rate, open market operations ( purchase of govt. bonds and securities), etc. All policies will have the aim of providing the money supply in the economy so that new investment can be made and employment can be generated.
on march 1 shipley resources entered into an agreement with the state of alaska to obtain rights 6 million 100,000 tons of mineral how much accretion expense will the company record in its income statement
Answer:
Hello your question is incomplete below is the complete question:
On March 1, 2018, Shipley Resources entered into an agreement with the state of Alaska to obtain the rights to operate a mineral mine for $6 million. The mine is expected to produce 100,000 tons of mineral. As part of the agreement, Shipley agrees to restore the land to its original condition after mining operations are completed in approximately five years. Management has provided the following possible outflows for the restoration costs that will occur five years from now:
Cash Outflow Probability
$ 300,000 25 %
400,000 50 %
500,000 25%
Shipley's credit-adjusted risk-free interest rate is 10%. During 2018, Shipley extracted 18,000 tons of ore from the mine. How much accretion expense will the company record in its income statement for the 2018 fiscal year?
A) $30,326.
B) $20,697.
C) $24,837.
D) $27,294.
answer : $20697 (B)
Explanation:
Determine how much accretion expense the company will record in its income statement
from the table
cash flow : $300000 * 25% = $75000
$400000 * 50% = $200000
$500000 * 25% = $125000
At the present value of $1,
number of years (n) = 5
interest (i) = 10% = 0.1
2018 accretion expense will be calculated as
($400000 * 0.62092) * 0.10 * 10/12 = $20697
Stock in Cheezy-Poofs Manufacturing is currently priced at $80 per share. A call option with a $80 strike and 90 days to maturity is quoted at $3.20. Compare the percentage gains and losses from a $25,600 investment in the stock versus the option in 90 days for stock prices of $70, $80, and $90. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Leave no cells blank - be certain to enter "0" and select "None" wherever required. Input all amounts as positive values.)
Answer:
Price Stock Options
$70 -3200 -25600
$80 0 -25600
$90 3200 54400
Explanation:
Invested in stock
Number of units acquired = $25,600/80 = 320
Now if price goes down to $70 THEN loss will be
320 × (70-80) = - $3,200
percentage of loss will be 3,200/25,600 × 100 = 12.5%
If price stays at $80, then there will neither be a gain nor a loss
320 × (80-80) = 0
If price goes up to $90, then the gain will be
320 × (90-80) = $3,200
percentage of gain will be 3,200/25,600 × 100 = 12.5%
Invested in option
Number of options purchased = $25,600 / 3.20 = 8000
Now If price goes down to $70 then investor will not exercise option in which case loss will be equal to amount of premium paid which is - $25,600.
percentage of loss = 100%
If price stays at $80 even then investor will not exercise call option in which case loss will be equal to the amount of premium paid which is - $25,600
Percentage of loss = 100% loss
If price goes up to $90 then investor will exercise call option
Gain due to exercise of call option = 8000 × (100 - 90) = 80,000
Net gain = 80,000 - 25,600 = $54,400
Percentage gain = 54,400 / 25,600 = 212.5%
When a taxpayer receives more EITC after adding a Schedule C to their return than they would have received without it, the Tax Professional must:
Answer:
Apply sound judgment to the information provided and document the questions asked and the taxpayer's responses.
Explanation:
Apply good judgment and discretion to the information presented, and have reports of questions and answers to demonstrate the queries raised and the taxpayer's answers.
It can be done in the following ways
1. Assess the data i.e collected from the client
2. Now apply the standard that are consistent
3. Additional enquires should be conducted in the case when there is incomplete information, data etc
Coronado Industries produces only one product. Monthly fixed expenses are $14000, monthly unit sales are 3000, and the unit contribution margin is $10. How much is monthly net income?
Answer:
the monthly net income is $16,000
Explanation:
The computation of the monthly net income is shown below:
Net income = contribution margin - fixed expenses
where,
Fixed expenses is $14,000
And, the contribution margin is
= Monthly unit sales × unit contribution margin
= 3,000 × $10
= $30,000
So, the monthly net income is
= $30,000 - $14,000
= $16,000
hence, the monthly net income is $16,000
Exchange rate is currently $1.25 US per 1 Euro. Interest rate is 2% in the US and 1% in Eurozone. A bank is long a futures contract on 1,000,000 Euro with F= $1.20 per unit, maturing in one year. What position should the bank take to hedge the currency risk?
a. Borrow $1,237,624 US
b. Invest $990,099 U.S.
c. Invest $1,237,624 US
d. Borrow $990,099 US
Answer:
Invest $990,099 U.S
Explanation:
The interest rate is 2% for US dollars and 1% for euro
The exchange rate is 1.25 dollars to a euro.
To calculate future exchange rate:
1.25dollars (1+exchange rate of us/1+ exchange rate of euro)
= 1.25(1.02/1.01)
= 1.2625
Approximately 1.26
After a year they will be getting .26 million dollars.
They need to invest something close to this amount 1.2/1.02
Therefore option b is the best answer
A customer has combined margin account that shows the following:Long: $20,000 of ABC stock Debit: $8,000Short: $30,000 of XYZ stock Credit: $48,000If no other activity occurs in the account, the account will show a current SMA balance of?A. 0B. $5,000C. $8,000D. $10,000
Answer: $5000
Explanation:
From the question, it is possible for the customer to borrow 50% of $20,000 which equals:
= 50% × $20,000
= 0.5 × $20,000
= $10,000
We can see that only $8000 was borrowed by the customer, this implies that the customer can still borrow:
= $10,000 - $8,000
= $2000 more.
The above is the SMA for the long account.
For the short account equity, 50% of $30,000 equals:
= 50% × $30,000
= 0.5 × $30,000
= $15,000
The equity in the account is $18,000. This means that there's an extra ($18,000 - $15,000) = $3000
Therefore, SMA will be:
= $3000 + $2000
= $5000
Talbot Industries is considering launching a new product. The new manufacturing equipment will cost $16 million, and production and sales will require an initial $3 million investment in net operating working capital. The company's tax rate is 30%.
1. What is the initial investment outlay? Write out your answer completely. For example, 2 million should be entered as 2,000,000.
$
2. The company spent and expensed $150,000 on research related to the new product last year. Would this change your answer?
A. Yes
B. No
3. Rather than build a new manufacturing facility, the company plans to install the equipment in a building it owns but is not now using. The building could be sold for $1.5 million after taxes and real estate commissions. How would this affect your answer?
The project's cost will:_________
Answer:
1.Initial investment outlay= $19 million
2. N0
3.Initial investment outlay= $ 20.5 million
The project's cost will INCREASE
Explanation:
1. Calculation for the initial investment outlay
Using this is formula
Initial investment outlay = New equipment cost + Working capital
Let plug in the formula
Initial investment outlay= $16 million + $3 million
Initial investment outlay= $19 million
Therefore the Initial investment outlay will be $19 million
2. If the company spent and as well expensed the amount of $150,000 on research related to the new product last year, this means that the amount of $150,000 which is a research cost will be a sunk cost because it occured last year which simply means that the initial investment outlay will still remains the amount of $ 19 million.
Therefore there would NOT be any change in the initial investment outlay because it will still remains at the amount of $ 19 million.
3. If the building could be sold for the amount of $1.5 million after taxes and real estate commissions and the company wishes NOT to sell the building this will lead to a loss for the company which is why the company will have to add the amount of $1.5 million into the already initial investment outlay of $19 million while evaluating their project.
Hence,
Initial investment outlay = $19 million +$ 1.5 million
Initial investment outlay= $ 20.5 million
Therefore The project's cost will INCREASE by the market value of the building
A key economic problem refers to the fact that scarcity forces us to choose, and these resulting choices are costly because we must give up other opportunities that we value.
a) true
b) false
Answer:
True
Explanation:
Economics provides us with the understanding that human wants are unlimited but the resources available to satisfy these wants are in short supply. Therefore, individuals and societies must make choices and this in turn would require selecting the best alternative. We most times have to give up valued choices to select the best or most important at that particular time.
These are the alternative forgone which we must forsake to satisfy the most pressing need. For example, a student who wants to study to pass his exams might have to forgo buying the latest phone so as to afford a textbook which he needs in order to pass his exams.
In the past year at Carter’s Material Handling Equipment Manufacturing Company, eight employees experienced minor injuries (cuts) from handling metal parts. One employee lost 15 workdays after getting debris in his eye while grinding, six employees lost two days each due to back strains, and four welders were treated for minor burns. Select one of the injury types, and discuss the possible performance problems. Suggest one or more solutions for each performance problem.
Answer:
The performance problem to minor burns will be mainly psychological.
Explanation:
The staff involved will most likely exhibit a reduction in speed at which he or she executed the task which led to the burn.
If the personnel is in a chain of production where their own activity feeds others, it may translate to the increase in the time taken to achieve results.
One solution to this is to critically examine the production process and eliminate the cause of the accident if any.
If the cause of the incident was as a result of carelessness on the part of the staff, then he or she might have to be rescheduled to another department or unit where their current mindset will not stall the overall performance of the team/production line.
Cheers!
If a foreign broker-dealer that does not have U.S. based operations wishes to solicit customers in the United States, the broker-dealer:I. must establish an SEC-registered U.S. subsidiaryII. is not required to establish an SEC-registered U.S. subsidiaryIII. can effect its business through another registered U.S. broker-dealerIV. cannot effect its business through another registered U.S. broker-dealer
Answer: I. must establish an SEC-registered U.S. subsidiary.
III. can effect its business through another registered U.S. broker-dealer.
Explanation:
If a foreign broker-dealer that does not have U.S. based operations wishes to solicit customers in the United States, the broker-dealer must establish an SEC-registered U.S. subsidiary and can also effect its business through another registered U.S. broker-dealer.
Your family business uses a secret recipe to produce salsa and distributes it through both smaller specialty stores and chain supermarkets. The chain supermarkets have been demanding sizable discounts, but you do not want to drop your prices to the specialty stores. True or False: In order to offer a lower price while defending yourself against antitrust lawsuits, you could simply offer a lower price to the chain stores but not the smaller stores. True False
Answer: False
Explanation:
Price discrimination refers to offering the same goods or services to people at a different price and it is illegal. By offering discounts to larger stores and not smaller stores, you would be practising price discrimination.
There are ways you could offer less prices to smaller stores such as through Volume discounts. This means that the more the stores purchase, the more discount they get. The larger stores buy more of the salsa and so for every additional batch purchased you could discount an extra 1%.
With the smaller stores unable to buy such large quantities they would not qualify for discounts.
You wish to buy a $20,000 car. The dealer offers you a 5-year loan with an 5 percent APR. What are the monthly payments
Answer:
the monthly payments are $377.42.
Explanation:
The monthly payments, PMT on the loan can be determined using a financial calculator as follows :
PV = $20,000
N = 5 × 12 = 60
P/YR = 12
R = 5.00 %
FV = $ 0
PMT = ?
Using a Financial Calculator, the monthly payments, PMT on the loan are $377.42.
can plagiarism be unintentional? Should the consequences be the same?
Answer:
yes it can be and no they shouldn't be.
Explanation:
yes, even though unlikely to happen it is possible to do something (write,play or invent etc) and not be aware that that already exsists. And it is not your fault for making something that you did not know is already made.
Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 800,000 shares of common stock were outstanding. The interest rate on the bond payable was 12%, the income tax rate was 40%, and the dividend per share of common stock was $0.75 last year and $0.40 this year. The market value of the company’s common stock at the end of this year was $18. All of the company’s sales are on account.
Answer:
a lot of information is missing, so I looked for a similar question:
1) accounts receivable turnover = net sales / average accounts receivable = $79,000 / [($12,300 + 9,100)/2] = 7.38
2) average collection period = 365 days / accounts receivable turnover ratio = 365 / 7.38 = 49.46 days.
3) inventory turnover = COGS / average inventory = $52,000 / [($9,700 + $8,200)/2] = 5.81
4) average sale period = 365 days / inventory turnover = 365 / 5.81 = 62.82 days
5) Operating cycle = average sale period + average collection period = 49.46 + 62.82 = 67.28 days
6) total assets turnover ratio = net sales / average assets = $79,000 / [($52,2800 + $45,960)/2] = 1.64
Upon customer request, a dealer in a competitive municipal syndicate must disclose:__________.
A. the spread taken by the underwriters
B. order priority provisions
C. names of syndicate members
D. name(s) of the person(s) from whom orders have already been received
Answer:
B. order priority provisions
Explanation:
When investors want to purchase municipal bonds in the primary markets, it is important for the issuer to prioritise orders from investors in a bond offering.
The underwriter must follow the issuer's priority of orders in allocating purchase orders for municipal bonds.
So in a competitive municipal syndicate when a customer asks for order priority provisions, it must be provided by the dealer.
This shows transparency of the process to the investor as he now knows when each order will be filled.
An all-equity firm with 200,000 shares outstanding, Antwerther Inc., has $2,000,000 of EBIT, which is expected to remain constant in the future. The company pays out all of its earnings, so earnings per share (EPS) equal dividends per shares (DPS). Its tax rate is 40%.The company is considering issuing $5,000,000 of 10.0% bonds and using the proceeds to repurchase stock. The risk-free rate is 6.5%, the market risk premium is 5.0%, and the beta is currently 0.90, but the CFO believes beta would rise to 1.10 if the recapitalization occurs.Assuming that the shares can be repurchased at the price that existed prior to the recapitalization, what would the price be following the recapitalization?
Answer:
$69.23
Explanation:
current stock price (pre-recapitalization)
Div = EPS
EPS = ($2,000,000 x 0.6) / 200,000 = $6
g = 0
Re = 6.5% + (0.9 x 5%) = 6.5% + 4.5% = 11%
P₀ = $6 / 11% = $54.55
the stock repurchase = $5,000,000 / $54.545454 = 91,666 stocks
total outstanding stocks after the repurchase = 200,000 - 91,666 = 108,334
new net income = ($2,000,000 - $500,000) x 0.6 = $900,000
new EPS = $900,000 / $8.30764
new Re = 6.5% + (1.1 x 5%) = 12%
P₁ = $8.30764 / 12% = $69.230333 = $69.23
Dividends paid to a company's own stockholders of $80,000 would be shown on the company's statement of cash flows prepared under the indirect method as: Select one: a. an addition of $80,000 under investing activities. b. a deduction of $80,000 under investing activities. c. an addition of $80,000 under financing activities. d. a deduction of $80,000 under financing activities.
Answer: d. a deduction of $80,000 under financing activities.
Explanation:
Under the indirect method of showing cashflows, there are 3 sections being the Operating section, the investing section and the financing section.
The relevant section is the financing section. Financing activities are those transactions that relate to the business raising capital to fund their operations. They do this through long term debt and equity.
Dividends is a payment to shareholders and so falls under equity so by extension falls under the financing section. As dividends reduce the amount of money the company has, it is also a deduction.
In 6 years, the P/E ratio is expected to be 25 and the payout ratio to be 80%. What is the current stock price when using the P/E ratio
Complete Question:
A stock just paid an annual dividend of $7.7. The dividend is expected to grow by 5% per year for the next 6 years. In 6 years, the P/E ratio is expected to be 25 and the payout ratio to be 80%.
The required rate of return is 8%.
What should be the current stock price?
Answer:
$245.10
Explanation:
As we know that:
P/E = Market Price of Stock / Earning Per Share
Here
P/E is 25 time
Earning Per Share is $12.9 per share (Step1)
By putting values, we have:
25 Times = Market Price of Stock / $15.6 per share
25 Times * $12.9 per share = Market Price of Stock
Market Price of Stock = $322.5 per share
Present value computation for first 6 years:
Yrs Future Cash flow Discount Factor Present Value
1 $7.7 *(1.05)^1 0.926 7.49
2 $7.7 *(1.05)^2 0.857 7.28
3 $7.7 *(1.05)^3 0.794 7.08
4 $7.7 *(1.05)^4 0.735 6.88
5 $7.7 *(1.05)^5 0.681 6.69
6 $7.7 *(1.05)^6 + $322.5 0.630 209.68
Present value of stock $245.10
Step1: Find Earning Per Share
As we know that:
Earning Per Share = Dividend / Payout Ratio
Here
Dividend after 6 years = $7.7 (1 + 5%)^6 = $10.32 per share
Payout Ratio = 80% = 0.8
By putting values, we have:
EPS = $10.32 / 0.8 = $12.9 per share
When using the indirect method to prepare the operating section of a statement of cash flows, which of the following is deducted from net income to compute cash provided by used by operating activities?
a. Decrease in accounts receivable
b. Gain on sale of land.
c. Amortization of patent
d. All of the above are deducted from net income to arrive at cash flow from operating activities
Answer:
B
Explanation:
When using the indirect method to prepare the operating section of a statement of cash flows , the gain on sale of land will be deducted from the net income as it has already been included in the net income as the gain on the sales of the land , which was a non cash recognition in the course of the business.
Decrease in receivable means that there was an inflow of cash as some receivables had paid their debts , thus it is added.
The amortization is a non cash expenses that had been deducted which will need to be added back to the net income for the purpose of cash flow.
The acquisition value attributable to the non-controlling interest at January 1, 2019 is: A) $23,400. B) $24,000. C) $24,900. D) $26,000. E) $20,000.
Answer:
D) $26,000
Explanation:
The computation of the acquisition value associated with the non-controlling interest is shown below:
= Cash ÷ acquiring percentage × non- owning percentage
= $234,000 ÷ 0.90 × 0.10
= $26,000
It is computed by simply applied the above formula so that the acquisition value in case of non controlling interest could arrive and the same is to be considered
Using the method of your choice, calculate the Net Present Value of the following cash flows. Assume that the required return on this project is 15%
Project A
Initial Cost -$150
Year 1 $175
Year 2 $100
A. $15
B. $35
C. $55
D. $70
E. $78
Answer:
E. $78
Explanation:
The computation of the net present value is shown below:
Net present value is
= Initial investment + year cash inflows ÷ (1 + discount rate)^number of years + year cash inflows ÷ (1 + discount rate)^number of years
= -$150 + $175 ÷ 1.15 + $100 ÷ 1.15^2
= $77.78
= $78
Hence, the correct option is E. $78
You expect to receive $350,000 per year on a contract that will last 2 years. You are trying to compare this offer to a lump sum payment. If you can earn 8% on your investments, how much is the contract worth to you today