Answer:
A,B AND D ARE CORRECT
Explanation:
In case of urgency when voice mail greeting should include basic things is name and the company name. when they can expect to hear and the phone number of someone who can immediately help in case of urgency. So that here the correct option are here A , B and DOriole Corporation acquired two inventory items at a lump-sum cost of $123000. The acquisition included 3090 units of product LF, and 6180 units of product 1B. LF normally sells for $30 per unit, and 1B for $10 per unit. If Oriole sells 1030 units of LF, what amount of gross profit should it recognize?
Answer:
$6,304
Explanation:
Calculation for what amount of gross profit should it recognize
First step is to calculate the total value sales
Total value sales
3090 units* $30 per=92,700
6180 units *$10 per unit=61,800
Total value sales=154,500
Second step is to calculate the cost per unit
Cost per unit=(92,700/154,500)*$123000/3090
Cost per unit=0.6*123,000/3090
Cost per unit=73,800/3090
Cost per unit=23.88
Now let calculate gross profit using this formula
Gross profit=Sales -Cost
Let plug in the formula
Gross profit=1,030*(30-23.88)
Gross profit=1,030*6.12
Gross profit=$6,304
Therefore the amount of gross profit that should it recognize is $6,304
5. Briefly explain why when the marginal cost of an activity increases as one does more of it and why the marginal benefit of an activity decreases the more one engages in it.
Answer:
The law of decreasing marginal utility states that the actual utility obtained from carrying out some specific activity decreases as you perform that activity more often. E.g. you are very thirsty and decide to drink a glass of Coke. The first glass will yield a very high number of utils. If you are still thirsty, you might drink a second glass, but this time the second glass will yield a lower amount of utils. If you keep drinking more Coke, eventually you will be full and will not even enjoy drinking it.
The opposite happens with the marginal cost of carrying out an activity. For example, you like to bike outdoors. Biking outdoors one day per week will cost you X amount (including actual costs of biking plus opportunity costs). But if you decide to do it 2 times per week, your opportunity costs will increase. If you decide to do it 3 or more times per week, you better be good enough to become a professional or have a very tolerant boss. Opportunity costs of biking outdoors more days per week will keep increasing.
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.
Explain why it is important to set realistically attainable financial goals. Select one of your personal financial goals and develop a brief financial plan for achieving it.
Answer:
Explanation:
The main importance of setting realistically attainable financial goals is to remain optimistic and stay on track. If your goals are too ambitious and not very realistic then as time passes and you do not see much progress towards attaining that financial goal you will begin feeling depressed and begin losing faith that you will ever attain that goal. This leads you to give up on your plans and ultimately wasting the money on unnessesary purchases. My financial plan is to first save up an emergency fund to be able to maintain myself an entire year. Once I have this fund I will begin investing 10%-20% of my monthly income every month. 50% of that into a dividend stock portfolio and 50% into a cryptocurrency portfolio. Cashing out the crypto portfolio every time it doubles.
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
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
he difference between an L3C (low profit limited liability company) and other types of businesses is that:
Answer: L3Cs explicitly take on a social mission as well as profit-seeking
Explanation:
The options are:
a. L3Cs do not pursue profit, but instead seek social goals.
b. L3Cs cannot accept government funding of any kind.
c. L3Cs explicitly take on a social mission as well as profit-seeking.
d. L3Cs are chartered by the government and all profits are retained by the government.
An L3C is a limited liability company (LLC), which has both attributes of profit and non profit. It is usually set up in such a way that private investiors can be attracted and also provide social objectives.
The owners are not responsible for the debt of the organization and they usually participate in management. Therefore, the answer to the question is that L3Cs explicitly take on a social mission as well as profit-seeking
subsidiary wants to raise $US 1 million by issuing a bond denominated in Pakistani rupees (PKR). The current exchange rate of the rupee is $.02. How many PKR does the MNC need to obtain the $US 1 million needed
Answer:
50,000,000 PKR
Explanation:
The amount needed in this case is the Pakistani rupees (PKR) equivalent of $US 1 million using the current exchange rate of $.02 to 1 Pakistani rupees (PKR) as computed thus:
Amount needed in Pakistani rupees (PKR)=funds required in USD/exchange rate
funds required in USD=$US 1 million
exchange rate= $.02/1 Pakistani rupees (PKR)
Amount needed in Pakistani rupees (PKR)=$1,000,000/ $.02
Amount needed in Pakistani rupees (PKR)=50,000,000 PKR
Which of the following circumstances lends itself to the direct organization approach? A. Telling your client that you are running behind schedule B. Giving your client the statistics showing the workload on your team and asking for a later deadline C. Informing your client that you have technical issues that are hampering the project D. Sending your client a business referral E. Informing the client about the attrition resulting in slow work
Answer:
D. Sending your client a business referral
Explanation:
The alternative that corresponds to the circumstance that lends itself to the direct approach of the organization is the sending of a business reference to the client.
The direct approach is used when the main message of a document is described before the argument, that is, before explaining the arguments arising from the idea, the company first presents the central idea, is usually present at the beginning of a document, and immediately after there is the text that provides further clarification of the idea. This strategy is used by companies when there is evidence that the message contained in the document will cause positive or neutral reactions.
What is the incremental cost incurred if the company increases production and sales from 11,000 to 11,001 units
Answer:
Marginal Cost
Explanation:
The cost for increasing the output one unit is know as Marginal Cost
It will be the sum of all variable cost related to that sale from cost of goods sold (manufacturing department) to sales commisions (sales department) to collection cost (adminsitrative deparment) It considers the company as a whole not just the manufacturing deparment.
The difference between the Marginal cost and the sales price is now as contribution margin and both are used in Managerial accounting and economics.
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
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
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.
Product recall is an example of: Select one: a. prevention costs b. appraisal costs c. internal failure costs d. external failure costs
Answer:
External failure costs
Explanation:
A recall of a process is determined as a recommendation for a good or service to be returned, exchanged or replaced after a retailer or consumption watch group uncovers deficiencies that could impede performance, cause frustration or cause producers legal problems.
Hocus Pocus Smoked Ribs has only one location and wants to exploit its competitive advantage, a very popular recipe for smoked meats. This means that it wants to: a.form multiple business-level strategies. b.create a single business-level strategy. c.implement a cooperative strategy. d.establish a global strategy.
Answer:
b.create a single business-level strategy
Explanation:
Analyzing the information above, it is correct to say that the company wants to create a unique business-level strategy.
This strategy occurs when the company has a competitive advantage and wants to exploit it, as in the case of Hocus Pocus Smoked Ribs, which has a very popular recipe for smoked meat.
So the company seeks to improve its production, marketing and development strategies to focus on its central differential, which is its meat recipe.
This is a strategy that can be advantageous because it strengthens the product delivered by the company, but it can also be risky because it presents inherent risks, such as the price of ingredients going up or missing, which can harm the entire competitive advantage of the business.
If the Bank of Uchenna is not meeting its reserve requirement, what action can it take to meet the reserve requirement without calling in loans or selling property
Answer:
In this situation, the Bank of Uchenna has two options:
It can borrow extra funds to meet the reserve requirements in the interbank market. These funds would be borrowed at the federal funds rate if the bank is the U.S., or at the specific interbank rate applying to the area where the bank is located.
Or it can borrow those extra funds from the central monetary authority, in other words, the central bank (the fed in the case of the U.S.), since one of the main functions of a central bank is acting as lender of last result for financial institutions when these institutions are in need.
In this situation, Uchenna Bank has two options that can be done by the bank without calling in loans or selling property :
Additional funds can be borrowed to meet the reserve requirement requirements of the interbank market.These funds are borrowed at the federal funds rate if the bank is based in the United States, or at a specific interbank rate applicable to the area in which the bank is located.
They can borrow these additional funds from Central bank.The central bank's main functions is to act as a lender to the central bank, you can borrow these additional funds from the central bank, the central bank (FRB in the United States).
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Describe how the ethical codes of your company support or inhibit how these individual characteristics impact employee morale and organizational performance.
Explanation:
Codes of ethics are essential in every organization to be a parameter of employees' moral conduct. Through the code of ethics, the organization induces its people to take actions and behaviors that are positive for the organizational environment and the company's culture, as well as encouraging employees to act in accordance with the company's identity and moral values and also from society.
In a globalized environment, work environments have become multicultural, which should be understood in the code of ethics, which when effective and aligned with organizational objectives will positively impact on motivation and organizational performance, since the organization will have the image and the positioning of a company that preserves individual values, morals and positive development practices in society.
If actions of the Nepalese government caused a shortage of domestic currency, then the government fixed exchange rate would be
Answer:
D) below the market equilibrium and rupee per dollars will tend to rise.
Explanation:
In the case when the nepalese government taken an action that result in shortage of the domestic currency so the government exchange rate i.e. fixed would be below the market equilibrium and the dollars per rupee would increase as if there is a shortage so the government fixed the currency i.e. below the equilibrium due to which the currency would become stronger
Hence, the correct option is d.
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
"Based on historical figures, how much would you LOSE by putting your money in a savings account compared to investing in the stock market? "
Answer:
4.5% annual interest.
Explanation:
Assuming that we are talking about a specific Savings Account then we can say that the average APY on a savings account such as HSBC savings is 2.5% per year. On the other hand, the stock market has an average APY of 7% annually. Therefore, in order to find how much you would lose by putting your money in a savings account, we would need to subtract the savings account APY from the stock market APY.
7% - 2.5% = 4.5%
We can see that what you would lose in opportunity cost is 4.5% annual interest.
Marco Manager supervises three employees at a bank. Several times over the last three months, money has been missing from a specific employee’s till at the end of the shift. Marco Manager has worked with this employee for five years and considers this employee a friend. What ethical dilemmas does this present for Marco Manager?
Answer:
The ethical dilemma that Marco Manager is facing having to choose between trying to keep an existing friendship (at least he believes that they are friends) or doing the right thing as a manager, which would involve investigating why the money is missing and most certainly firing the employee.
Currency markets operate under a system called _____. This means that prices of currencies vary based upon demand and supply of that currency.
Answer:
Floating exchange rate
Explanation:
The floating exchange rate is the rate in which the price of the currency would be determined by the forex market that depend on the supply and the demand as compared with the other types of currencies.
So as per the given situation, the markets of the currency that operates under a system is known as the floating exchange rate
So the same is relevant
What is the best way to experience what it's like to work in a field that interests you?
O Watch a movie that features a main character working in that field.
O Get an internship in that field
O Look up information about the field on the Bureau of Labor Statistics Web site.
O Gather ideas from your friends about the field.
Answer:
O Get an internship in that field.
Explanation:
Depending on one's interest, there are numerous ways by which one can get an experience of such a field. One of the most exciting and first-hand means of getting to experience is to be an intern in that field.
An internship is the temporary employment of a person by a company that allows the person to learn and be familiar with the workings of the company or field. In such a manner, the intern is made a part-time employee where he/ she learns, be familiar, and also get more knowledge about the workings of that place.
Thus, the best way to experience working in a field that one likes is to get an internship in that field.
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.
On January 1, 2021, Reston Company purchased 25% of Ace Corporation's common stock; no goodwill resulted from the purchase. Reston appropriately carries this investment at equity and the balance in Reston's investment account was $1,170,000 at December 31, 2021. Ace reported net income of $700,000 for the year ended December 31, 2021, and paid cash dividends on common stock totaling $280,000 during 2021. How much did Reston pay for its 25% interest in Ace
Answer:
initial investment in Ace Corporation = $1,065,000
Explanation:
initial investment in Ace Corporation = December 31st balance - (25% x net income reported) + (25% x distributed dividends)
initial investment in Ace Corporation = $1,170,000 - (25% x $700,000) + (25% x $280,000) = $1,170,000 - $175,000 + $70,000 = $1,065,000
When using the equity, reported net income increases the investment account while dividends decrease it.
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%
According to the eTextbook, ______ is the lot size (Q) that will minimize total annual inventory cost.
Answer:
EOQ (Economic Order Quantity).
Explanation:
As the acronym goes EOQ, it is economic order quantity which is seen to reduce or hold the amount of raw material been ordered. This is seen by experts as a formula in production that intels the most optimum and economic purchase pattern in purchase of goods or materials to be used in production. Therefore this will directly be seen to have a big effect in the total size if an order; thereby causing a reduction in its annual inventory cost.
Engineering change orders, maintenance of equipment used in manufacturing, and product design costs are examples of: Unit costs. Unit, batch, and customer-sustaining costs, respectively. Facility-level costs. Batch costs. Product-level costs.
Answer:
Product-level costs.
Explanation:
The equipment maintenance that used in the manufacturing, the design of the product, and the engineering change in orders represent the example of product level cost as they are relevant with the product or directly related with the product
So as per the given situation the last option is right
Hence, the same would be relevant
Acme Global has five factories. Three in the United States, one in Germany, and one in India. Each factory is a separate independent business facility owned by Acme Global. It appears Acme Global is in the ________ stage of corporate globalization.
Answer: multinational
Explanation:
From the information given in the question, we can see that Acme Global is in the multinational stage of corporate globalization.
A multinational corporation is typically a corporation that is large and is usually incorporated in a particular country but has branches and sells its products in other countries. The parent company controls its activities worldwide.
Acme Global is in the multinational or international stage of corporate globalization.
Acme Global is in the international stage of business globalization, based on the facts provided in the inquiry.
A multinational firm is usually a major corporation that is incorporated in one nation but has subsidiaries and markets its products in other nations.
The parent company is in charge of all of the company's operations around the world.
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g In the current business environment, companies cannot survive without a long-term strategy. What exactly should an effective strategy include
Explanation:
The organizational strategy to be effective, must understand the organizational structure, that is, it must be aligned with the company's interests, aligned with its values and with the set of policies, procedures and business approaches that will result in long-term success.
It is essential that the strategy understands the organizational systems as a whole, and uses its resources effectively so that the objectives and goals are achieved.