Question Completion:
O Tiny cross-company differences on a highly influential competitive factor (like selling prices, or S/Q ratings or models/styles) nearly always have a bigger impact on company sales/market shares in a region than do large company-to-company differences on less influential competitive factors.
O While it is true that some competitive factors affect the brand choices of buyers more than others, what matters most in determining sales and market shares is competitive effort and the regional average on each competitive factor
O How much differences in the number of models/styles that companies have in their product lines matter in determining each company's unit sales/market share in a region is not a fixed amount but rather is an amount that varies from *big (when model/style differences are also "big") to "small
O In the rare instance that all companies in a region should happen to offer buyers the very same number of differences are "small") to "zero" (when the models/styles offered by rivals are identical). models/styles, then models/styles become a total competitive non-factor and have zero impact on buyer appeal for one brand versus another-in such cases, 100% of the regional sales and market share differences among company rivals stem directly from differences on the other 12 competitive factors.
O Big company-to-company differences in the number of models/styles offered to buyers in a region weigh heavily in accounting for company-to-company differences in branded pairs sold and market share in all four geographic regions.
Answer:
The statements about the importance of each competitive factors (but especially such highly influential factors as selling prices, S/Q ratings, and number of models/styles offered) in determining company sales volumes and market shares in a particular geographic region which is false is:
O Tiny cross-company differences on a highly influential competitive factor (like selling prices, or S/Q ratings or models/styles) nearly always have a bigger impact on company sales/market shares in a region than do large company-to-company differences on less influential competitive factors.
Explanation:
This implies that the following factors drive company sales volumes and market shares in a particular geographic region: competitive effort, differences in the number of models/styles that companies have in their product lines, big company-to-company differences in the number of models/styles offered to buyers in a region, among the other 12 competitive factors.
Kingbird, Inc. reported net sales of $267,000, cost of goods sold of $160,200, operating expenses of $48,900, net income of $42,720, beginning total assets of $532,300, and ending total assets of $618,100. Calculate profit margin and gross profit rate. (Round answers to 1 decimal place, e.g. 10.2%.)
Answer and Explanation:
The computation is shown below:
Profit margin = Net income ÷ Net sales
= $42,720 ÷ $267,000
= 16%
Now the gross profit rate is
But before that the gross profit is
Gross profit = Net sales - Cost of goods sold
= $267,000 - $160,200
= $106,800
Now Gross profit rate is
= Gross profit ÷ Net sales
= $106,800 ÷ $267,000
= 40%
The following are the typical classifications used in a balance sheet:
a. Current assets f. Current liabilities
b. Investments and funds g. Long-term liabilities
c. Property, plant, and equipment h. Paid-in-capital
d. Intangible assets i. Retained earnings
e. Other assets
Required:
For each of the following 2016 balance sheet items, use the letters above to indicate the appropriate classification category.
1. Equipment
2. Accounts payable
3. Allowance for uncollectable accounts
4. Land held for investment
5. Notes payable due in 5 years
6. Deferred rent revenue for the next 12 months
7. Notes payable due in 6 months
8. Income less dividend accumulated
9. Investment in xyz corporation
10. Inventories
11. Patents
12. Land in use
13. Accrued liabilities
14. Prepaid rent for next 9 months
15. Common stock
16. Cash
17. Building in use
18. Taxes payable
Answer:
a. Current assets
Allowance for uncollectable accounts
Inventories
Prepaid rent for next 9 months
Cash
b. Investments and funds
Investment in xyz corporation
c. Property, plant, and equipment
Equipment
Land in use
Building in use
d. Intangible assets
Patents
e. Other assets
Land held for investment
f. Current liabilities
Accounts payable
Deferred rent revenue for the next 12 months
Notes payable due in 6 months
Accrued liabilities
Taxes payable
g. Long-term liabilities
Notes payable due in 5 years
h. Paid-in-capital
Common stock
i. Retained earnings
Income less dividend accumulated
Explanation:
A Balance Sheet shows the balances of Assets, Liabilities and Equity as at the reporting date.
Assets
There are two major asset categories which are Current Assets and Non- Current Assets. Current Assets are assets not exceeding 12 months examples are Inventories and Cash. Whilst Non-Current Assets are assets exceeding a period of 12 months examples are Property, Plant and Equipment items such as Land, Investments and Intangible Assets
Liabilities
There are two major asset categories which are Current Liabilities and Non- Current Liabilities. Current Liabilities are liabilities due to be paid within a period not exceeding 12 months examples are Accrued liabilities and Accounts payable. Whilst Non-Current Liabilities are assets liabilities payable in a period exceeding 12 months examples are Notes payable due in 5 years.
Equity
We have Paid In Capital such as Common Stock and Retained Earnings comprising of Profits and dividends.
Classification of items as will be shown in the balance sheet will be done as above.
Inflation imposes many costs on the economy: shoe-leather costs, money illusion, menu costs, wealth redistribution, price confusion, future price level uncertainty, and tax distortions. For each of the following statements, determine the associated cost.
a. A jeweler observes the price of gold rise and wonders if there is a shortage of gold.
b. Carson is angry because the price of donuts increased from $1 to $2 since last week
c. Your grandmother's savings account pays 2% interest, but inflation is 5%.
d. The CEO of GM worries that his revenue received in the future won't cover the expenses he incurs today.
e. Jim is reluctant to sell his stocks at the end of the year.
f. John thinks his new salary in NYC will increase his standard of living
g. Kallie is taking more trips to ATM now that the post.
Categories:
1. Shoe leather cost
2. Money ilusion
3. Menu costs
4. Wealth redistribution
5. Price confusion
Answer:
Inflation Costs:
a. Price confusion
b. Menu costs
c. Wealth redistribution
d. Money illusion
e. Price confusion
f. Money illusion
g. Shoe leather cost.
Explanation:
Categories:
1. Shoe leather cost = costs of time and efforts spent on trying to negate the effects of inflation. People incur this cost by holding less cash while others make additional trips to the bank.
2. Money illusion costs = cost of calculating and comparing the rising costs triggered by inflation can cause changes in the nominal price to be mistaken for changes in the real price.
3. Menu costs = During inflation, more time and cost are incurred to effect the un-ending price changes.
4. Wealth redistribution costs: In trying to redistribute wealth, there are some associated costs and unintended leakages.
5. Price confusion costs: During inflation, the changes made in prices may not be determined as resulting from either inflation or increased demand.
During January, Luxury Cruise Lines incurs employee salaries of $3 million. Withholdings in January are $229,500 for the employee portion of FICA, $450,000 for federal income tax, $187,500 for state income tax, and $30,000 for the employee portion of health insurance (payable to Blue Cross Blue Shield). The company incurs an additional $186,000 for federal and state unemployment tax and $90,000 for the employer portion of health insurance.
Required:
a. Record the employee salary expense, withholdings, and salaries payable.
b. Record the employer-provided fringe benefits.
c. Record the employer payroll taxes.
Answer and Explanation:
The journal entries are shown below:
On Jan 31
Salaries Expense $3,000,000
To Income Tax Payable ($450,000 + $187,500 ) $637,500
To FICA taxes payable $229,500
To Accounts payable $$30,000
To Salaries payable $2,103,000
(Being the employees Salaries Expense is recorded )
On Jan 31
Salaries Expense $90,000
To Accounts payable $90,000
(Being the employer-provided fringe benefits is recorded)
On Jan 31
Payroll tax expense $415,500
To FICA taxes payable $229,500
To Unemployment taxes payable $186,000
(Being the payroll taxes is recorded)
Calculate the direct labor rate variance (LRV) and the direct labor efficiency variance (LEV) for June using the formula approach.
Direct labor rate variance (LRV)
Answer:
Direct labor rate variance = Direct labor variance - Direct labor efficiency variance
Explanation:
Direct labor rate variance
Direct labor efficiency variance
Computation:
Direct labor rate variance = Direct labor variance - Direct labor efficiency variance
Custom Metal Works produces castings and other metal parts to customer specifications. The company uses a job-order costing system and applies overhead costs to jobs on the basis of machine- hours. At the beginning of the year, the company used a cost formula to estimate that it would incur S4,320,000 in manufacturing overhead cost at an activity level of 576,000 machine-hours. The company had no work in process at the beginning of the year. The company spent the entire month of January working on one large order—Job 382, which was an order for 8,000 machined parts. Cost data for January follow:
a. Raw materials purchased on account, $312,000.
b. Raw materials used in production, $254,000 (80% direct materials and 20% indirect materials).
c. Labor cost accrued in the factory, $171,000 (one-third direct labor and two-thirds indirect labor).
d. Depreciation recorded on factory equipment, $64,000.
e. Other manufacturing overhead costs incurred on account, $84,200.
f. Manufacturing overhead cost was applied to production on the basis of 40,670 machine-hours actually worked during the month.
g. The completed job for 12,400 custom-made machined parts was moved into the finished goods warehouse on January 31 to await delivery to the customer. (In computing the dollar amount for this entry, remember that the cost of a completed job consists of direct materials, direct labor, and applied overhead.)
Required:
1. Prepare journal entries to record items (a) through (f) above. Ignore item (g) for the moment.
2. Prepare T-accounts for Manufacturing Overhead and Work in Process. Post the relevant items from your journal entries to these T-accounts.
3. Prepare a journal entry for item (g) above.
4. Compute the unit product cost that will appear on the job cost sheet for Job 382.
Answer:
Custom Metal Works
1. Journal Entries to record items (a) through (f) above. Ignore item (g):
a. Debit Raw materials $312,000
Credit Accounts payable $312,000
To record raw materials purchased on account.
b. Debit Work in Process $203,200
Debit Manufacturing Overhead $50,800
Credit Raw materials $254,000
To record the raw materials used in production.
c. Debit Work in Process $57,000
Debit Manufacturing Overhead $114,000
Credit Factory Labor Payable $171,000
To record the labor cost accrued in the factory.
d. Debit Manufacturing Overhead $64,000
Credit Depreciation Expense $64,000
To record factory equipment depreciation.
e. Debit Manufacturing Overhead $84,200
Credit Expenses Payable $84,200
To record other manufacturing overheads incurred on account.
f. Debit Work in Process $305,025
Credit Manufacturing Overhead $305,025
To record overhead applied on the basis of machine-hours.
2. T-accounts for:
Manufacturing Overhead
Account Titles Debit Credit
Raw materials $50,800
Factory labor 114,000
Depreciation expense 64,000
Other expenses 84,200
Work in Process $305,025
Work-in-Process
Account Titles Debit Credit
Raw materials $203,200
Factory labor 57,000
Mfg overhead 305,025
Finished Goods $565,225
3. Journal Entry for item (g):
Debit Finished Good $565,225
Credit Work in Process $565,225
To record the transfer to the finished goods inventory.
4. Computation of the unit product cost for Job 382:
Total cost of production = $565,225
Total machined parts worked = 8,000
Unit cost = $70.65
Explanation:
a) Data and Calculations:
Estimated Manufacturing Overhead Cost = $4,320,000
Estimated Machine-Hours = 576,000
Job 383 Parts Worked = 8,000 machined parts
Predetermined overhead rate = $4,320,000/576,000 = $7.50
Applied manufacturing overhead = $7.50 * 40,670 = $305,025
Logan, a 50% shareholder in Military Gear Incorporated (MG), is comparing the tax consequences of losses from C corporations with losses from S corporations. Assume MG has a $100,000 tax loss for the year, Logan's tax basis in his MG stock was $150,000 at the beginning of the year, and he received $75,000 ordinary income from other sources during the year. Assuming Logan's marginal tax rate is 24 percent, how much more tax will Logan pay currently if MG is a C corporation compared to the tax he would pay if it were an S corporation?
Answer:
$12,000
Explanation:
Calculation for how much more tax will Logan pay currently if MG is a C corporation compared to the tax he would pay if it were an S corporation
First step is to calculate the amount he will pay for the taxes if Military Gear Inc. is a C corporation
Tax amount=($75,000 × 24%)
Tax amount=$18,000
Second step is to calculate the amount he will pay for the taxes if Military Gear Inc. is a S corporation
Tax amount=($75,000 -$50,000)*24%
Tax amount=$25,000*24%
Tax amount=$6,000
Now let calculate how much more tax will Logan pay currently
Tax amount=$18,000-$6,000
Tax amount=$12,000
Therefore how much more tax will Logan pay currently if MG is a C corporation compared to the tax he would pay if it were an S corporation will be $12,000
As diversity grows in both society and the workplace, interacting and communicating with your coworkers will present specific challenges and rewards. It is important to be sensitive to the diverse backgrounds of your coworkers and to understand how to navigate an increasingly diverse workplace. Which of the following are appropriate strategies for communication in diverse workplaces?
A. Understand the value of difference.
B. Seek training.
C. Use stereotypes to understand others.
D. Focus on cultural differences.
E. Practice ethnocentrism.
F. Develop healthy bias.
G. Build on similarities.
Answer:
A)Understand the value of difference.
B)Seek training.
G)Build on similarities.
Explanation:
A)When one find his/ her self in a diverse work environment, one should understand that people are created differently with different behavior, understanding this differences will enable individual to work together to achieve high productivity.
B) by seeking training, ways to relate with coworkers can be learnt therefore enabling unity in the organization and team work would be easier.
C) Building similarities will lead to a acceptance of differences that exist between co-workers then this will enable good relationship s.
For each of the following accounts, indicate the effect of a debit or credit on the account and the normal balance.
Debit Effect Credit Effect Normal Balance
a. Bonds Payable.
b. Unearned Service Revenue.
c. Depreciation Expense.
d. Common Stock.
e. Buildings.
f. Rent Revenue.
Answer:
Debit effect Credit effect Normal balance
a. Bonds payable Decrease Increase Credit
b. Unearned service revenue Decrease Increase Credit
c. Depreciation expense Increase Decrease Debit
d. Common stock Decrease Increase Credit
e. Building Increase Decrease Debit
f. Rent revenue Decrease Increase Credit
All assets, expenses increase with debits and decreases with credit and have a debit normal balance. All liabilities, revenue accounts and equity accounts (except dividends) have credit.
Wang Company accumulates the following adjustment data at December 31. For each item, indicate (1) the type of adjustment (prepaid expense, unearned revenue, accrued revenue, or accrued expense) and (2) the status of the accounts before adjustment (overstated or understated).
a. Services performed but unbilled totals $600.
b. Store supplies of $160 are on hand. The supplies account shows a $1,900 balance.
c. Utility expenses of $275 are unpaid.
d. Service performed of $490 collected in advance.
e. Salaries of $620 are unpaid.
f. Prepaid insurance totaling $400 has expired.
Answer:
a. Services performed but unbilled totals $600.
Accrued revenueAccounts receivable was understated before the adjustment
b. Store supplies of $160 are on hand. The supplies account shows a $1,900 balance.
Accrued expenseSupplies was overstated before the adjustment
c. Utility expenses of $275 are unpaid.
Accrued expenseUtilities expense was understated before the adjustmentd. Service performed of $490 collected in advance.
Unearned revenueRevenue was overstated before the adjustment
e. Salaries of $620 are unpaid.
Accrued expenseWages expense was understated before the adjustment
f. Prepaid insurance totaling $400 has expired.
Prepaid expenseInsurance expense was understatedHart, Attorney at Law, experienced the following transactions in Year 1, the first year of operations:
1. Accepted $18,700 on April 1, Year 1, as a retainer for services to be performed evenly over the next 12 months.
2. Performed legal services for cash of $64,000.
3. Purchased $1,250 of office supplies on account.
4. Paid $1,125 of the amount due on accounts payable.
5. Paid a cash dividend to the stockholders of $6,000.
6. Paid cash for operating expenses of $20,000.
7. Determined that at the end of the accounting period $125 of office supplies remained on hand.
8. On December 31, Year 1, recognized the revenue that had been earned for services performed in accordance with Transaction 1.
Required
Show the effects of the events on the financial statements using a horizontal statements model. The first event has been recorded as an example. (In the Statement of Cash Flows column, use the initials OA to designate operating activity, IA for investing activity, FA for financing activity, and NC for net change in cash. Do not round intermediate calculations. Enter any decreases to account balances and cash outflows with a minus sign. Not all cells require input.)
Answer:
1. Cash will increase by $18,700 for the services to be rendered over the 12 months.
2. Cash will reduce by $64,000 for the legal service acquired.
3. No effect on cash as the transaction is on accounts.
4. Cash will decrease by $1,250 for the supplies purchased.
5. Cash will decrease by $6,000 for the dividends paid.
6. Cash will decrease by $20,000 due to operating expenses
7. no effect on cash
8. no effect on cash.
Explanation:
The business transactions recorded by Hart, Attorney at Law, These transactions have impact on the cash. The inflow and outflow of cash is recorded in the cash flow statement. Transaction no. 3, 7 and 8 will have no effects on cash balance of the company.
The Sisyphean Company's common stock is currently trading for $25.00 per share. The stock is expected to pay a $2.50 dividend at the end of the year and the Sisyphean Company's equity cost of capital is 14%. If the dividend payout rate is expected to remain constant, then the expected growth rate in the Sisyphean Company's earnings is closest to:
Answer:
4%
Explanation:
The Gordon constant growth dividend model =
Value = dividend / cost of capital - growth rate
Subsisting with the values given in the question gives :
25 = 2.5/0.14 - g
To solve for g,
1. multiply both sides by 0.14 - g
25(0.14 -g) = 2.5
2. divide both sides by 25
0.14 - g = 0.10
g = 0.04 = 4%
Based on the statement, explain FIVE (5) reasons why customer relationship is important for business
success.
Answer:
is this your homework?? xD
Explanation:
anyway its because it helps businesses build a relationship with their customers that, in turn, creates loyalty and customer retention. Since customer loyalty and revenue are both qualities that affect a company's revenue, CRM is a management strategy that results in increased profits for a business.
From the list below, choose the items that are classified as a materials activity(You may select more than one answer.
1. Raw materials used
2. Raw materials beginning inventory
3. Raw materials purchases
4. Work in process beginning inventory
5. Goods manufactured
6. Direct labor used
7. Factor overhead used
Answer:
youuurrr mooomm
Explanation:
:D
Explain
What an
organization High- uncertainty is
Drussden Inc., a multinational corporation, has decided to hire military veterans. This, the company feels, would not only set a good example of a diverse workplace among its peers and customers, but also let it derive great benefits from this unique talent pool. In implementing this recruiting strategy, Drussden Inc. should expect:
a. an increase in expenses as the company will need to pay a much higher compensation to these employees.
b. to have a more rigid and harsh workplace environment than before.
c. to require sufficient time for training their HR personnel on how to appropriately interview these potential employees.
d. a significant decrease in its hiring-related costs
Answer:
c. to require sufficient time for training their HR personnel on how to appropriately interview these potential employees.
Explanation:
Most organizations lack a veteran recruiting program. There are several misconceptions about veterans working in private companies especially regarding their mental state. It is true that a percentage, about 10-20%, experience some type of PTSD, but it generally is not something permanent. Also, former military personnel are normal people that served their country. They have some skill sand some preparation that even though might be unrelated to a specific, might be very useful. For example, many companies hire veterans because they are adaptable, flexible, react well under pressure and tend to find solutions to problems. They didn't learn this in any school, instead they learned this on the battle field. Many veterans also have a lot of experience with solving problems and presenting clear information.
This doesn't mean that they will earn a higher salary, or that they will turn the office into a military headquarter. Many companies higher them for their flexibility and how well they adapt and react to change. The problem is that not enough companies actually have veteran recruiting programs that will help both the companies and the veterans.
The time horizon of the demand curve is one determinant of the price elasticity of demand.If the price of gasoline is relatively high for a long time, consumers are more likely to buy fuel-efficient cars or switch to alternatives like public transportation. Therefore, the demand for gasoline is ―――― elastic in the long run than in the short run.
Answer:
more
Explanation:
we know that here Price Elasticity of demand is express as
Price Elasticity of demand = PercentageChange is quantity demanded ÷ PercentageChange in price ...........................1
so that, Demand for gasoline is more elastic in the long run than in the short run because in the long run people can change their preferences and choices.
A company's relevant range of production is 10,000 to 15,000 units. When it produces and sells 12,000 units, its unit costs are as follows: Amount per Unit Direct materials $ 8.25 Direct labor $ 5.50 Variable manufacturing overhead $ 1.50 Fixed manufacturing overhead $ 5.00 Fixed selling expense $ 3.50 Fixed administrative expense $ 2.00 Sales commissions $ 1.00 Variable administrative expense $ 0.50 What is the incremental cost incurred if the company increases production from 12,000 to 12,001 units
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Because private business is involved in certain aspects of our economy, it is a modified version of free enterprise.
True
False
True, private enterprise is a revised form of free enterprise because it is engaged in certain parts of our economy.
Define free enterprise.Free enterprise, often known as market system and capitalist, is a provision and demand-driven capitalist model.
True, private enterprise is a revised form of free enterprise because it is engaged in certain parts of our economy.
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Organizational ethics begins at the top, and the leadership and example of strong managers can help instill corporate values in employees. More and more companies have adopted written codes of ethics. Trust and cooperation between workers and managers must be based on fairness, honesty, openness, and moral integrity. The same applies to relationships among businesses and between nations. Compliance-based ethics codes emphasize preventing unlawful behavior by increasing control and penalizing wrongdoers. Integrity-based ethics codes define the organization's guiding values, create an environment that supports ethically sound behavior, and stress shared accountability.
Match the features to the correct type of Ethics Code.
a. Education, reduced employee discretion
b. Enable responsible employee conduct
c. Lawyers
d. Conform to outside standards
e. Accountability, decision processes, control
f. Conform to outside standards and chosen internal standards
g. Avoid criminal misconduct
h. Managers
Features of compliance- Based ethics codes Features of Integrity- Based ethics codes
Ideal
Objective
Leader
Methods
Answer:
Features of compliance- Based ethics codes
Ideal ⇒ Conform to outside standards
Compliance codes means that there are external standards that need to be complied with such as legal codes.
Objective ⇒ Avoid criminal misconduct
Going against these codes would be a criminal act if the codes are enforced by the government.
Leader ⇒ Lawyers
Lawyers enforce these codes through lawsuits as they fall under the legal realm.
Methods ⇒ Education, reduced employee discretion
To ensure these codes, employees should be educated on them to reduce instances of employee discretion.
Features of Integrity- Based ethics codes
Ideal ⇒ Conform to outside standards and chosen internal standards.
Company goes the extra mile of instituting their own standards in addition to outside standards.
Objective ⇒ Enable responsible employee conduct.
Goal is to ensure that employees act with integrity and responsibility.
Leader ⇒ Managers
As this is internal, it would be enforced by managers.
Methods ⇒ Accountability, decision processes, control.
Your company paid a corporate spy to find out the short-run cost of a competitor. The spy obtained the information below on your competitor's quantities, total variable cost, and total cost. An X appears in place of numbers the spy failed to get. Your boss asks you to calculate some of the information the spy was not able to obtain. Fill in the blanks below with the missing information.
Output Total Variable Total cost
0 $0 $250
25 450
50 300
75 375
100 600 850
125 1125
150 1200
175 1875
200 2000 2250
Answer:
Output Total Variable Total cost
0 $0 $250
25 200 450
50 300 550
75 375 625
100 600 850
125 875 1125
150 1200 1450
175 1625 1875
200 2000 2250
Explanation:
Note: The data in the question are merged together. They are therefor sorted before answering the question as follows:
Output Total Variable Total cost
0 $0 $250
25 450
50 300
75 375
100 600 850
125 1125
150 1200
175 1875
200 2000 2250
The explanation of the answer in now given as follows:
Since the Total Cost when the output is zero is equal to $250, that implies that the Total Fixed Cost is equal to $250. Also, since we have:
Total Cost = Total Total Variable + Total Fixed Cost ........ (1)
Where:
Total Fixed Cost = $250
Substituting Total Fixed Cost = $250 into equation (1), the two formulae to be used to fill the blanks are as follows:
Total Cost = Total Total Variable + $250 ...................... (2)
Total Total Variable = Total Cost - $250 ....................... (3)
Using equations (2) and (3) as applicable, the value for each of the blanks is calculated and filled (in bold italicized figures) and presented as follows:
Output Total Variable Total cost
0 $0 $250
25 200 450
50 300 550
75 375 625
100 600 850
125 875 1125
150 1200 1450
175 1625 1875
200 2000 2250
Milton Snoeyenbos argues that:_____.
a. settled economic life requires purely selfish behavior.
b. with ethical codes, there's no need for taxes, laws, or regulations as a way of controlling corporate behavior.
c. corporate moral codes can make it more reasonable to expect employees to behave ethically.
d. to be viable, ethical codes need not be widely accepted or part of corporate culture.
Answer:
c. corporate moral codes can make it more reasonable to expect employees to behave ethically
Explanation:
Corporation do exist way beyond the lives of its members. The corporation are as of entity makes decisions and bear responsibility for its actions.
Corporate moral code set of ethical standards or rules set up by corporation which they strictly aim to adhere. It varies from corporate to corporation. It varies more in design and objective not really subject to legal enforcement. Milton Snoeyenbos argues that Corporate moral codes can make it more reasonable to expect employees to behave ethically.
Milton Snoeyenbos argues that corporate moral code can make it more reasonable to expect employees to behave ethically. Thus, option C is appropriate.
A moral code is made up of precepts that categorize behaviors into right and wrong, acceptable and supererogatory, banned and necessary, and morally significant or insignificant. Such principles, according to many thinkers, must fulfill two different purposes.
A moral code is a system of rules or principles that an individual or a group of individuals adhere to live a good life. Culture has a big influence on morality. The moral code we uphold shapes many aspects of our lives and frequently determines how we behave, dress, and even treat other people.
Thus, option C is correct.
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A portfolio is composed of two securities, Stock X and Stock Z. Stock X has a standard deviation of returns of 35%, while Stock Z has a standard deviation of returns of 15%. The correlation coefficient between the returns on X and Z is .25. If Stock X comprises 40% of the portfolio, while Stock Z comprises 60% of the portfolio, what is the standard deviation of this two-risky-asset portfolio
Answer:
Portfolio SD = 0.18439 or 18.439%
Explanation:
The standard deviation of a stock or a portfolio is the measure of the total risk contained in the stock or portfolio. Risk can be defined as the volatility of the stock returns. To calculate the standard deviation of a two stock portfolio, we use the attached formula.
If the weight of stock x is 40%, the weight of stock y will be 1 - 40% = 60%
SD = √(0.4)^2 * (0.35)^2 + (0.6)^2 * (0.15)^2 + 2 * 0.4 * 0.6 * 0.25 * 0.35 * 0.15
SD = 0.18439 or 18.439%
Trayer Corporation has income from continuing operations of $290,000 for the year ended December 31, 2020. It also has the following items (before considering income taxes).
1. An unrealized loss of $80,000 on available-for-sale securities.
2. A gain of $30,000 on the discontinuance of a division (comprised of a $10,000 loss from operations and a $40,000 gain on disposal).
3. A correction of an error in last year’s financial statements that resulted in a $20,000 understatement of 2016 net income.
Assume all items are subject to income taxes at a 20% tax rate. Prepare a statement of comprehensive income, beginning with income from continuing operations. TRAYER CORPORATION Partial Statement of Comprehensive Income choose the accounting period.Solution: Loss from operations = $10,000 × 20% = $2,000 ($10,000 - $2,000 = $8,000)Gain from disposal = $40,000 × 20% = $8,000 ($40,000 - $8,000 = $32,000)Unrealized holding loss on available-for-sale securities = $80,000 × 20% = $16,000 ($80,000 - $16,000 = $64,000)(Gains and losses from discontinued operations and other comprehensive income should be reported net of their income tax effects)
Answer:
$250,000
Explanation:
Preparation of the statement of comprehensive income
TRAYER CORPORATION Statement of Comprehensive Income for the year ended 31 December 2017
Income from continuing operations $290,000
Discontinued operations:
Less Loss of operation of Discontinue Division, net of tax ($8,000)
($40,000 × 20% )
Gain on sales of Discontinued Division, net of tax $32,000
($40,000 - $8,000 )
Net income $314,000
($290,000+$8,000+$32,000)
Less Unrealized loss on available-for-sale securities, net of tax $64,000
[$80,000-($80,000 × 20%)]
Comprehensive income $250,000
($314,000-$64,000)
Therefore the comprehensive income will be $250,000
Tierney Company begins operations on April 1. Information from job cost sheets shows the following.
Manufacturing Costs Assigned
Job Number April May June Month Completed
10 $6,200 $4,900 May
11 5,000 4,700 $3,100 June
12 1,500 April
13 5,600 4,600 June
14 7,000 4,100 Not complete
Job 12 was completed in April. Job 10 was completed in May. Jobs 11 and 13 were completed in June. Each job was sold for 25% above its cost in the month following completion.
What is the balance in Work in Process Inventory at the end of each month?
Answer:
April 30 Work in Process Inventory $11,200
May 31 Work in Process Inventory $22,300
June 30 Work in Process Inventory $11,100
Explanation:
Calculation for the balance in Work in Process Inventory at the end of each month
April 30 Work in Process Inventory=$6,200+$5,000
April 30 Work in Process Inventory=$11,200
May 31 Work in Process Inventory =$5,000+$ 4,700+$5,600+$7,000
May 31 Work in Process Inventory =$22,300
June 30 Work in Process Inventory= $7,000 + $4,100
June 30 Work in Process Inventory= $11,100
Therefore the balance in Work in Process Inventory at the end of each month will be :
April 30 Work in Process Inventory $11,200
May 31 Work in Process Inventory $22,300
June 30 Work in Process Inventory $11,100
Accounts receivable arising from sales to customers amounted to $44000 and $51000 at the beginning and end of 2022, respectively. Income reported on the income statement for the year was $283000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is:_______.
a. $290000.
b. $327000.
c. $276000.
d. $283000.
Answer:
c. $276,000
Explanation:
Calculation for the cash flows from operating activities to be reported on the statement of cash flows
Using this formula
Cash flows from operating activities =Income reported +Beginning Account Receivable-Ending Account Receivable-
Let plug in the formula
Cash flows from operating activities=$283,000+$44,000-$51,000
Cash flows from operating activities=$276,000
Therefore the cash flows from operating activities to be reported on the statement of cash flows is $276,000
Suppose that you sell short 1,000 shares of Xtel, currently selling for $20 per share, and give your broker $15,000 to establish your margin account.a. If you earn no interest on the funds in your margin account, what will be your rate of return after one year if Xtel stock is selling at: (i) $22; (ii) $20; (iii) $18
Answer:
i) -13.33%
ii)0.00%
iii)13.33%
Explanation:
Calculation for the rate of return after one year
i). Rate of return=(1000*($20-$22))/$15000
Rate of return=(1000*-$2))/$15000
Rate of return=-$2,000/$15000
Rate of return= -13.33%
(ii)Rate of return= (1000*($20-$20))/$15000
Rate of return=(1000*$0)/$15000
Rate of return=$0/$15000
Rate of return= 0.00%
(iii)Rate of return= (1000*($20-$18))/$15000
Rate of return=(1000*$2))/$15000
Rate of return=$2,000/$15000
Rate of return= 13.33%
Therefore what will be your rate of return after one year if Xtel stock is selling at:
(i) $22 will be -13.33%
ii) $20 will be 0.00%
iii) $18 will be 13.33%
Suppose that, in the wake of Luon yoga pant recall, Lululemon instituted a policy requiring its manufacturing plants and materials suppliers to streamline work processes and thereby provide smooth, high-quality customer experiences. Which of the five types of external integration would such a policy represent
Answer:
The answer is "Material and service supplier integration".
Explanation:
The integration of materials and services between a business as well as its supply chain products and government agencies is coordinated. In the Ninja, Corporation realized the importance of such a move and picked the highest vendors. These companies should operate in collaboration with external providers and enhance customer quality, but Lululemon also adopted the very same approach to simplify their process including its suppliers.
On July 1, 2020, Splish Brothers Inc. pays $24,900 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31. For Splish Brothers Inc., journalize and post the entry on July 1 and the annual adjusting entry on December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Answer and Explanation:
The journal entries are shown below:
On July 1
Prepaid Insurance $24,900
To Cash $24,900
(being the prepaid insurance is recorded)
Here prepaid insurance is debited as it increased the assets and cash is credited as it decreased the assets
On Dec 31
Insurance expense $4,150 ($24,900 ×6 ÷ 36)
To Prepaid Insurance $4,150
(being insurance expense is recorded)
The insurance expense is debited as it increased the expenses and credited the prepaid insurance as it decreased the assets
Suppose that an economy consists of only two individuals. Leland has $1950 available to spend on goods. He decides to purchase $370 worth of produce from Charlotte in the current month. No other economic activity takes place during the current month. Using this information, answer the questions. For the current month, what is the economy's income
Answer:
$370
Explanation:
The computation of the economy income as follows:
Since Leland decided to buy the worth of produce in the present month for $370
So for the present month or the current month, the economy income is $370
Therefore the same would be considered also the single transaction is taken place in the current month