Answer:
Intangible assets
Explanation:
A classified balance sheet is a financial statement that classifies the components in the balance sheet into different groups. For example, assets are classified into current or non current asset
Current assets are all the assets that are either used by a company or sold in the course of the year of the company.
Current assets include
cash, cash equivalentsaccounts receivablestock inventorymarketable securitiespre-paid liabilitiesIntangible assets are classified as noncurrent (long-term) assets
If you were to start a business, what aspects of human resource management would you want to entrust to specialists? Why
Explanation:
Training and development would be an essential item to entrust to specialists at the beginning of a new business, because, due to the lack of marketing experience, the new entrepreneur might not obtain essential techniques to train his collaborators and the specialists would assist with essential techniques and tools for development of employee capacities, in addition to implementing training in line with organizational objectives and goals in a more effective and efficient manner.
When using the book value of equity, the debt to equity ratio for Luther in 2009 is closest to: Group of answer choices 0.43 2.29 2.98 3.57
Answer:
2.29%
Explanation:
The computation of the debt to equity ratio using book value of equity is as follows;
As we know that
Debt to Equity Ratio = Debt ÷ Equity
where,
Debt = $239.7 + $10.7 + $39.9
= $2901.1
And, equity is $126.6
Now
Debt to Equity Ratio is
= $290.1 ÷ 126.6
= 2.29%
Microeconomics and macroeconomics are: Multiple Choice not related because they are taught as separate courses. virtually identical, though one is much more difficult than the other. interrelated because both are taught by the same teacher. interrelated because what happens in the economy as a whole is based on individual decisions.
Answer:
interrelated because what happens in the economy as a whole is based on individual decisions.
Explanation:
Generally, Economics can be classified into two (2) categories, namely;
1. Macroeconomics can be defined as the study of behaviors, performance and factors that affect the entire economy. Hence, it focuses on aggregate phenomena such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.
2. Microeconomics can be defined as the study of the effect of price and quantity levels through interactions between individual buyers and sellers in various markets.
Hence, it is focuses on analyzing or evaluating the decisions of consumers (buyers) and those of firms (sellers) such as methods of production, pricing; and the manner in which government policies affect those decisions.
In conclusion, microeconomics and macroeconomics are interrelated because what happens in the economy as a whole is based on individual decisions.
Businesses that sell services rather than tangible items don't have a line for _____ on their statements.
Answer:
cost of goods sold (COGS)
Explanation:
Generally service businesses do not include cost of goods sold in their income statement. Cost of goods sold (COGS) is calculated when a business sells goods (= ending inventory + purchases - beginning inventory), but when you only sell services, what COGS can you have?
Milden Company is a merchandiser that plans to sell 29,000 units during the next quarter at a selling price of $57 per unit. The company also gathered the following cost estimates for the next quarter: Cost Cost Formula Cost of good sold $27 per unit sold Advertising expense $177,000 per quarter Sales commissions 6% of sales Shipping expense $75,000 per quarter + $4.00 per unit sold Administrative salaries $87,000 per quarter Insurance expense $9,700 per quarter Depreciation expense $57,000 per quarter Required: 1. Prepare a contribution format income statement for the next quarter. 2. Prepare a traditional format income statement for the next quarter.
Answer:
1. Contribution format income statement for the next quarter.
Sales ( 29,000 units x $57) $1,653,000
Less Variable Costs
Cost of Sales ( 29,000 units × $27) $783,000
Sales commissions (6% x $1,653,000) $99,180
Shipping expense : Variable ($4.00 x 29,000 units) $116,000 ($998,180)
Contribution $654,820
Less Fixed Costs
Advertising expense ( $177,000)
Shipping expense : Fixed ($75,000)
Administrative salaries ($87,000)
Insurance expense ($9,700)
Depreciation expense ($57,000)
Net Profit $249,120
2. Traditional format income statement for the next quarter.
Sales ( 29,000 units x $57) $1,653,000
Less Cost of Sales ( 29,000 units × $27) ($783,000)
Gross Profit $870,000
Less Expenses
Sales commissions (6% x $1,653,000) ( $99,180)
Shipping expense : Variable ($4.00 x 29,000 units) ($116,000)
Advertising expense ( $177,000)
Shipping expense : Fixed ($75,000)
Administrative salaries ($87,000)
Insurance expense ($9,700)
Depreciation expense ($57,000)
Net Profit $249,120
Explanation:
A contribution format income statement calculates Contribution. This is arrived at by deducting Variable Costs to Provide a Sale from Sales Revenue. All the other costs (Fixed Costs) are treated as Period Costs and are Expensed in the Income Statement.
Where as traditional format income statement calculates Gross Profit. This is arrived at by deducting Cost of Sales from Sales Revenue. All other expenses are placed in the Income Statement.
Nunavut has no trees but plenty of fisheries and gold mines. Nunavut residents would like to improve their lot and gain access to more goods and services. What could help them accomplish their goal
Answer:
a. specialize in mining and fisheries and engage in trade.
Explanation:
In the case when the Nunavut contains no trees but there are many fisheries and gold mines also they would like to improve in lot and gain access to many goods and services so if you are specialized in mining and fisheries so it could help in achieving the goal via exporting them and also engage in trade and the remaining of the world could import other goods & services
Therefore the option a is correct
Since the people of Nunavut want to gain access to more goods, they should specialize in mining and fisheries and engage in trade to accomplish their goal.
In Nunavut, there are no trees, but there are many fisheries and gold mines which can be utilized for economic purpose.
Hence, the people of Nunavut should specialize in mining and fisheries and engage in trade to accomplish their goal.
Therefore, the Option A is correct.
Read more about Nunavut
brainly.com/question/809587
Distinguish between the short run and the long run as they relate to macroeconomics. Why is the distinction important
Answer: On the short run production and employment is affected while on the long run the norminal variables are affected
Explanation:
Many macroeconomic models have it that the tools of monetary and fiscal policy have effects on the economy, affecting production and employment in the short run but in the long run it only affect nominal variables as price and this nominal rates has no influence on real economic quantities
Prior to the launch of its financial service, Mint made extensive use of ______ which helped search engines view this business as a credible authority for personal financial topics
Answer:
Blogs
Explanation:
Blogs are information websites that provides relevant information for a target group in a diary style arranged according to date.
The most recent posts appear first in the website.
Mint has used blogs to provide relevant information to users.
Search engines analyse the contents of websites to determine of they are relevant sources of information.
Mint's blogs have help search engines identify the company as a relevant source of personal financial topics
Which statement about work is not true
Full Question:
Which statement about work is not true:
Employers measure the value of work in terms of employee satisfaction.
The economic value of work is greater than just putting cash in your pocket.
Employers measure the value of work in terms of productivity
Recognizing the value of work in a career will help you choose a career that is right for you.
Answer:
Employers measure the value of work in terms of employee satisfaction.
Explanation:
The value of work generally measured by consumers' satisfaction, not the employees'.
Companies generally see employees as a mean to generate income. Most companies will sacrifice employees' satisfaction as long as it led to an increase in their overall profit.
Currently, work satisfaction itself is not necessarily guaranteed by the Occupational Safety and Health Administration. But we currently start to see a gradual increase in companies who made additional effort to ensure employees' satisfaction (by providing a more friendly work environment, providing professional councils to help alleviate stress, etc)
You want to construct a portfolio containing equal amounts of U.S. Treasury bills and two stocks. If the beta of the first stock is 1.23 and the beta of the portfolio is 1.0, what does the beta of the second stock have to be
Answer:
the beta of the second stock is 1.77
Explanation:
The beta of the second stock is shown below;
Investment in each = (1 ÷ 3)
Now as we know that
Portfolio beta = Respective investments × Respective weights
1 = (1 ÷ 3 × 1.23) + (1 ÷ 3 × beta of the second stock) + (1 ÷ 3 × 0)
We assume the Beta of risk-free assets would be zero
1 = 0.41 + (1 ÷ 3 × beta of the second stock)
The beta of the second stock is
= (1 - 0.41) × 3
= 1.77
Hence, the beta of the second stock is 1.77
A firm sets up a factory to manufacture TV sets, and this model is expected to be in the market for 10 years and its machinery will be used for this period. Every year it manufactures 12000 TV sets, the component costs are $60 per set; hourly labor costs are $10 a set; CEO salary and other overheads are $200000 a year. The firm also buys manufacturing machinery for $400000. Considering its production of 12000 TV sets every year, what should the price of the TV set be, if the firm makes no profit or loss every year.
Answer:
$90
Explanation:
No of TV set in 10 years = 12000*10 years = 120,000 TV sets
Total component cost = 120,000*$60 = $7,200,000
Total labor cost = 120,000 * $10 = $1,200,000
Total cost of CEO Salary & Overheads = $200,000 * 10 = $2,000,000
Cost of machinery = $400,000
Total cost = $7,200,000 + $1,200,000 + $2,000,000 + $400,000
Total cost = $108,000,000
Cost per unit = $108,000,000/120,000
Cost per unit = $90
So, for a no profit-no loss scenario, the selling price should be $90
Jubilee, Inc., owns 35 percent of JPW Company and applies the equity method. During the current year, Jubilee buys inventory costing $60,000 and then sells it to JPW for $75,000. At the end of the year, JPW still holds only $30,000 of merchandise, What amount of gross profit must Jubilee defer in reporting this investment using the equity method
Answer:
The amount of gross profit which Jubilee must defer in reporting this investment is equal to $2,100.
Explanation:
This can be calculated as follows:
Gross profit on sale = Sales - Cost of sales = $75,000 - $60,000 = $15,000
Gross profit margin = Gross profit on sale / Sales = $15,000 / $75,000 = 0.20, or 20%
Gross margin on ending inventory = Ending inventory * Gross profit margin = $30,000 * 20% = $6,000
Share of gross profit of Jubilee, Inc. in ending inventory = Gross margin on ending inventory * Share of Jubilee, Inc. in JPW Company = $6,000 * 35% = $2,100
Therefore, the amount of gross profit which Jubilee must defer in reporting this investment is equal to its share of gross profit in ending inventory which is $2,100.
Describe a decision that you or your company made that involved opportunity costs that should have been considered. Why did your company make the decision
Answer:
Explanation:
My E-Commerce business has two main decision-makers. As a team, we had a budget of $1000 USD which we decided to use on marketing. We ultimately decided on placing banner ads on 2 popular sites that matched our products. Doing this we missed out on other opportunity costs such as adding another product line and marketing sample products to popular influencers. Both of which should have been considered because they could have just as easily brought as many or even more customers than having placed the ads.
4. If you deposit $3,000 at the end of each of the next 20 years into an account paying 10.5% interest, how much money will you have in the account in 20 years
Answer:
$24498.5
Explanation:
A = Pe^rt ..... 1
Where :
A is the future value
P is the principal
r is the interest rate
t is the time
Given
P = $3,000
r = 10.5% = 0.105
time = 20years
Substitute the above values into equation 1
A = Pe^rt
A = $3,000e^0.105×20
A = 3000e^2.1
A = $24498.5097
A = $24498.5
At the end of the 20th year, he must have accumulated the sum of $24498.5
Middle managers usually: Group of answer choices manage the employees on the assembly line set overall goals and objectives act as representatives to other firms carry out plans and policies of top management act as figureheads for the company
Answer:
carry out plans and policies of top management
Explanation:
A downward communication can be defined as the formal flow of information and messages within an organizational hierarchy; which is mainly from a higher level (senior management) of an organization to a lower level (middle management) and lastly, to the least (subordinates).
This ultimately implies that, when downward communication are effectively and properly used in an organization, it helps them to achieve their aims, goals and objectives successfully.
Hence, middle managers usually carry out plans and policies of top management through the use of downward communication.
Generally, middle managers are saddled with the responsibility of carrying out plans and policies that have been formulated or designed by the top (executive) management of a business firm or company. Therefore, middle managers act as an intermediary between the top managers and the lower employees.
Carlos recognizes that if he visits his aunt on Saturday, he'll miss his brother's football game. The economic principle best embodied by this story is:
Answer: Opportunity cost
Explanation:
The economic principle best embodied by this story is the opportunity cost. Opportunity cost is the cost of what one forgoes when one takes an alternative decision.
In this case, the opportunity cost of him visiting his aunt will be the lost opportunity which he could have used to watch his brother play.
Retscan, Inc. has assets of $625,000, liabilities of $385,000, and equity of $240,000. It buys office equipment on credit for $125,000. The effects of this transaction include: Group of answer choices
Answer: a. Assets increase by $125,000 and liabilities increase by $125,000
Explanation:
The Office equipment bought are considered PPE which means they are fixed assets. Their acquisition will increase the assets held by the company by the value of the equipment, $125,000.
The equipment was however, bought on credit. This means that the company still owes the suppliers, payment for it which will see their liabilities increase by the same amount of $125,000.
Who will get the better loan rate from the banker and why
Answer:
d. on t4l
Explanation:
harold pays his bills on time.
Wisconsin Rentals purchased office supplies on credit. The general journal entry made by Wisconsin Rentals will include a:
Answer:
d. Credit to Accounts Payable.
Explanation:
The general journal entry by Wisconsin rentals for purchasing office supplies on credit is as follow:
Office supplies Dr XXXXX
To Account payable XXXXX
(Being office supplies purchased on credit is recorded)
Here the office supplies is debited as it increased the assets and credited the account payable as it also increased the liabilities
An employer is concerned that her workplace has only a few African-Americans, Hispanics, and women in upper-level management and skilled labor jobs. Most unskilled-labor and clerical positions are held by women and minorities. The employer decides to institute a program that will increase the numbers of minorities and women in management and skilled-labor positions. Is this permissible
Answer:
This is not permissible
Explanation:
This is not permissible because giving them any forms of special treatments is going to be considered to be discriminatory to other people.
Discrimination on the basis of gender, age, color, religion is illegal in the united states and considered a criminal offense.
So even though management has good intentions they have to consider;
1. If these group of people have the required qualifications
2. If there are openings to accommodate these groups given that they are qualified.
3. Filling up every job with this group is going to be regarded as reverse discrimination.
Which of the following statements regarding uncertainty in liabilities is not correct? Group of answer choices Liabilities can involve uncertainty in whom to pay. A company can have an obligation of a known amount to a known creditor, but not know when it must be paid. A company can only record a liability when it knows whom to pay, when to pay, and how much to pay. A company can be aware of an obligation, but not know how much will be required to settle it.
Answer: A company can only record a liability when it knows whom to pay, when to pay, and how much to pay
Explanation:
A liability is simply defined as the amount that a particular company owes. Liabilities consist of loans, accrued expenses, defered revenue, and accounts payable.
We should note that liabilities can involve uncertainty in whom to pay. Also, a company can have an obligation of a known amount to a known creditor, but not know when it must be paid.
Based on the options given in the question, the answer will be "a company can only record a liability when it knows whom to pay, when to pay, and how much to pay".
In the _____________ stage of a project you are more likely to find status reports, changes, and the creation of forecasts.
Answer:
Executing
Explanation:
The project life cycle shows the cycle from introduction to maturity or decline of the products. It shows the overall journey of the product
In order to determine the status regarding the reports, any changes made and the development of the forecast this would be shown in the stage of execution
So as per the given situation, the executing stage should be considered
Procurement costs such as costs of placing orders for materials and paying suppliers are usually classified as: Product-level costs. Output-unit-level costs. Vendor costs. Batch-level costs. Facility-level costs
Answer:
Batch-level costs.
Explanation:
The procurement cost is the cost that incurred for placing the orders with respect to the materials and supplier payment and these cost would be classified as a batch level cost as these cost are incurred in the batches
So as per the given situation the batch level cost would be taken into the consideration
And, the other options are incorrect
Suppose the real risk-free rate is 3.00%, the average expected future inflation rate is 5.90%, and a maturity risk premium of 0.10% per year to maturity applies, i.e., MRP = 0.10%(t), where t is the number of years to maturity. What rate of return would you expect on a 1-year Treasury security, assuming the pure expectations theory is NOT valid? Disregard cross-product terms, i.e., if averaging is required, use the arithmetic average. a. 10.35% b. 7.29% c. 8.91% d. 9.00% e. 9.27%
Answer:
the rate of return that expected on one year treasury security is 9.00%
Explanation:
The computation of the rate of return that expected on one year treasury security is as followS
= Risk free rate + average expected future inflation rate + maturity risk premium
= 3.00% + 5.90% + 0.10%
= 9.00%
Hence, the rate of return that expected on one year treasury security is 9.00%
Therefore the correct option is d.
And, the rest of the options are wrong
7. The local electronics store is offering a promotion "1-year: same as cash," meaning that you can buy a TV now, and wait a year to pay (with no interest). So, if you take home a $1000 TV today, you will owe them $1000 in one year. If your bank is offering 4% interest, what is the true cost of the TV to you today?
Answer:
$961.54
Explanation:
we need to find out the present value of $1,000 in one year:
present value = future value / (1 + interest rate)ⁿ
future value = $1,000interest rate = 4%n = 1present value = $1,000 / (1 + 4%) = $1,000 / 1.04 = $961.54
this is an example of the financial principle of time value of money, i.e. one dollar today is worth more than one dollar tomorrow
17. Which of the following business challenges involves retaining the talented individuals?
(A) Change and more change
(B) Globalisation
(C) Intellectual capital
(D) Technology
Answer: Intellectual Capital
Explanation:
The value of a company that involves employee knowledge, skills,product development, etc which can provide a company competitive advantage over competitors is called Intellectual Capital and it is divided into
Human capital ----This involves employees, their knowledge, or know how and experience, which is an asset as it provides vital information towards contributing to the capital of the organization. A organization that retains talented employees ie with a lower employee turnover rate, shows its company has a high intellectual capital rate.
Other Intellectual Capital Involves Relational capital--- the relationship of a company withs its employees, customers, partners , stakeholders etc.
and Structural capital---which involves a company's unique process, policies, culture, mission and value statement, work structure etc.
one-year forward rate of the British pound is quoted at $1.60, and the spot rate of the British pound is quoted at $1.63. Is the forward
Answer:
the forward discount is 1.84%
Explanation:
The computation is shown below:
As we can see that the spot rate is more than the forward rate so it is a forward discount
So the forward discount is
= (Spot rate - forward rate) ÷ (spot rate)
= ($1.63 - $1.60) ÷ $1.63
= 1.84%
Hence, the forward discount is 1.84%
90-day forward rate for the euro is $1.07, while the current spot rate of the euro is $1.05. What is the annualized forward premium or
Answer:
7.6%
Explanation:
Calculation for What is the annualized forward premium or discount of the euro
Using this formula
Euro annualized forward premium or discount = [(F/S) - 1] x 360 days/90 days
Where,
F represent forward rate $1.07
S represent current spot rate $1.05
Let plug in the formula
Euro annualized forward premium or discount =[($1.07/$1.05) - 1] x 360 days/90 days
Euro annualized forward premium or discount =($1.019-1)×x 360 days/90 days
Euro annualized forward premium or discount =0.019×360 days/90 days
Euro annualized forward premium or discount =0.076×100
Euro annualized forward premium or discount = 7.6 %
Therefore the annualized forward premium or discount of the euro will be 7.6%
Salespeople who assist in design and specification processes, installation of equipment, and training of a customer's employees are called
Answer:
technical support salespeople.
Explanation:
Salespeople can be defined as a group of individuals or employees who are saddled with the responsibility of taking orders from customers, as well as sales of finished goods and services to consumers or end users.
Salespeople who assist in design and specification processes, installation of equipment, and training of a customer's employees are called technical support salespeople.
3. How would your answer in part 2 change if the percentage of completion in ending inventory were as follows: materials 30%, conversion 40%
Answer and Explanation:
The computation is shown below:
Particulars direct % Equivalent Conversion % Equivalent
material completion units Completion Units
Beginning
WIP 1,020 100% 1,020 1,020 100% 1,020
Units
started 3,700 100% 3,700 3,700 100% 3,700
(7,200 - 3,500)
Ending
WIP 3,500 30% 1,050 3,500 40% 1,400
Equivalent
units 5,770 6,120