Answer:
Globalisation
Explanation:
Globalisation occurs when there is integration and interrelation between companies, governments, and people accross the globe. It is referred to as a capitalistic expansion where local individuals and businesses integrate into a global unregulated market.
Advanced in communication and transportation has also facilitated globalisation by easing flow of information and goods across different parties across the world.
Globalisation tends to result in spread of investment, trade, production, communication, and new technology around the world.
What term is used to identify the difference between the number of units of an item listed on the master schedule and the number of firm customer orders?
Answer:
Available to promise
Explanation:
Available-to-promise (ATP) refers to a function of a business in which the company provides a response to inquires of the order done by the customer that depended on the availability of the resources. Moreover, the quantities are also available based on the customer request and their delivery on due dates
So, the difference between the number of units listed on the master schedule and the number of customer orders is known as available to promise
Compared to countries with less economic freedom, countries with more economic freedom achieve higher per person income levels, but they also have higher poverty rates.grow more rapidly, but the income levels of the poor are largely unaffected by the higher growth rates of the freer economies.achieve both higher income levels per person and lower rates of poverty.grow less rapidly and experience higher poverty rates.
Answer:
The correct answer is: Achieve higher per person income levels, but they also have higher poverty rates.
Explanation:
What happens is that in countries with greater economic freedom, there is the free market, which is an economic form of the capitalist system that allows trade to be conducted free of external forces, being guided by the law of supply and demand. This system allows greater economic interaction with internal and external economic agents whose main objective is to generate profits.
The strong industrialization resulting from the capitalist system causes the greatest economic growth in a country and can increase the levels of per capita income, but it also generates greater social inequality that directly affects the growth of poverty rates. Generally, the main indicators of economic growth, such as GDP, have some limitations to indicate the distribution of wealth because they do not consider variables that include the well-being of the population.
The principle that each World Trade Organization member must accord to all other member countries tariff treatment no less favorable than it provides to any other country is known as the __________ principle.
Answer:
Most favoured nation principle
Explanation:
Most favoured nation (MFN) clause of the World Trade Organisation requires that when a nation trades with others the concessions, immunities, and privileges granted to one nation should be the the same granted to all WTO members.
It discourages discrimination where one nation in international trade is favoured above another.
For example if Ghana reduces tariff on trades with South Africa it is expected that tariffs to other WTO nations will also be reduced to 3%.
Exceptions to this principle are for developing nations, regional free trade areas, and custom unions.
What is the payback period of a project with average annual cash outflows of $8,000, average annual cash inflows of $10,000 and an initial investment of $13,000
Answer:
It will take 3 years and 219 days to cover for the initial investment.
Explanation:
Giving the following information:
Annual cash flow= 13,000 - 8,000= $5,000
Initital investment= $13,000
The payback period is the time required to cover for the initial investment:
Year 1= 5,000 - 13,000= -8,000
Year 2= 5,000 - 8,000= -3,000
Year 3= 5,000 - 3,000= 2,000
To be more accurate:
(3,000/5,000)*365= 219 days
It will take 3 years and 219 days to cover for the initial investment.
Kartman Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 6.5 pounds $ 7.00 per pound $ 45.50 Direct labor 0.6 hours $ 24.00 per hour $ 14.40 Variable overhead 0.6 hours $ 4.00 per hour $ 2.40 In June the company's budgeted production was 3,400 units but the actual production was 3,500 units. The company used 22,150 pounds of the direct material and 2,290 direct labor-hours to produce this output. During the month, the company purchased 25,400 pounds of the direct material at a cost of $170,180. The actual direct labor cost was $57,021 and the actual variable overhead cost was $8,931. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor efficiency variance for June is:
Answer:
Direct labor time (efficiency) variance= $4,560 unfavorable
Explanation:
Giving the following information:
Standard= Direct labor 0.6 hours $ 24.00 per hour $ 14.40
Actual production= 3,500 units.
2,290 direct labor-hours were used.
To calculate the direct labor efficiency variance, we need to use the following formula:
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Standard quantity= 3,500*0.6= 2,100
Direct labor time (efficiency) variance= (2,100 - 2,290)*24
Direct labor time (efficiency) variance= $4,560 unfavorable
The labor efficiency variance is $4,560 unfavorable.
Calculation of the labor efficiency variance:The following formula should be used for determining the same.
Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate
Here,
Standard quantity= 3,500*0.6= 2,100
So,
Direct labor time (efficiency) variance= (2,100 - 2,290)*24
= $4,560 unfavorable
Learn more about labor here: https://brainly.com/question/24513550
The FI Corporation’s dividends per share are expected to grow indefinitely by 5% per year. a. If this year’s year-end dividend is $8 and the market capitalization rate is 10% per year, what must the current stock price be according to the DDM? b. If the expected earnings per share are $12, what is the implied value of the ROE on future investment opportunities? c. How much is the market paying per share for growth opportunities (i.e., for an ROE on future investments that exceeds the market capitalization rate)?
Answer:
a)
P₀ = Div₁ / (Re - g)
P₀ = current stock price = ?Div₁ = next dividend = $8Re = equity cost = 10%g = constant growth rate = 5%P₀ = $8 / (10% - 5%) = $8 / 5% = $160
b)
EPS = $12
Return on equity (ROE) = g / b
b = retention rate = 1 - payout ratio = 1 - ($8/$12) = 0.333
g = 5%
ROE = 5% / 0.333 = 15%
c)
Present value of growth opportunity (PVGO) = P₀ - EPS/Re
P₀ = $160EPS = $12Re = 10%PVGO = $160 - $12/10% = $160 - $120 = $40 per share
Which clause in a mortgage allows a lender to increase the interest rate? A.) Defeasance B.) Escalation C.) Acceleration D.) Exculpatory
Answer:
A
Explanation:
If a beneficiary wants to make sure that the life insurance proceeds being paid out are not exhausted before he or she dies, the beneficiary would choose which of the following settlement options?
a. Fixed amount
b. Fixed income
c. Fixed time
d. Fixed period
Answer:
Option d. Fixed period
Explanation:
time is very essential. Anytime the policy owner specifies payment to be guaranteed for a specific period regardless of who is the beneficiary, policy owner or who receive the payment,is the fixed period settlement option.
Anything that occur to annuity after the owner's death is dependent on the type of annuity and its payout plan.
A fixed-period, is that which is for a certain period of time. the annuity guarantees payments to the annuitant for a set length of time. example is about 10, 15, or 20 years and case payments will continue to be paid to the beneficiary until the time given or period is due or when account’s balance reaches zero.
based on the characteristics of constructive conflicts, which of the following would help a manager create constructive conflicts during a debate?
1. Support the weaker members during a debate
2. Explain conflict in terms of interpersonal incompatabilities
3. Support the stronger memebrs during the debate
4. Keep the debate focused on the issue
5. Maintain competitive oreientation on the debate
Answer:
The correct answer is: 4. Keep the debate focused on the issue
Explanation:
A constructive conflict can be understood as different points of view that arise in an organization on the same issue.
Therefore, it can be a great way for the organization to enrich itself with new ideas, thoughts and different ways of carrying out actions that will help the organization to achieve its objectives and goals.
Therefore, the most suitable alternative for building a constructive conflict during a debate is for the manager to always focus on the issue discussed, and not for the debate to turn to support due to interpersonal relationships.
A divisional manager receives a bonus based on 10% of the residual income from the division. During the current year, the division reported revenues of $1,000,000 and expenses of $500,000. The division had $2,000,000 in average operating assets. The minimum required rate of return for the division was 15%. What was the amount of the manager's bonus
Answer:
The amount of the manager's bonus is $20,000
Explanation:
Residual income = Net income - ( average operating assets * minimum rate of return)
Net income= Revenues - Expenses = $1,000,000 - $500,000
Net income = $500,000
Residual income = 500,000 - (2,000,000 * 15%)
= 500,000 - $300,000
= $200,000
Managers bonus = $200,000 * 10%
Managers bonus = $20,000
On January 2 2018, Maxwell Furniture purchased display shelving for $8,100 cash, expecting the shelving to remain in service for five years. Maxwell depreciated the shelving on a double-declining-balance basis, with $1,800 estimated residual value. On October 31, 2019, the company sold the shelving for $2,700 cash.
Requirement:
Record both the depreciation expense on the shelving for and its sale in . Also show how to compute the gain or loss on the disposal of the shelving.
Answer: Please find answers in explanation column
Explanation:
Double declining depreciation rate = 1/n x 2
= 1/5 x 2= 2/5 = 0.4 x 100 = 40 %
Carrying value = if depreciation rate = 40 % , then begining value = 100-40=60%
Depreciation expense for 2019 = Carrying value x depreciation nrate x period(jan- oct) = $8,100 x 60% x 40% x 10/12 = $1,620
Journal entry to record Depreciation expense
Accounts Debit Credit
Depreciation expense $1,620
Accumulated depreciation--Display shelving $1,620
Carrying value / Ending balance of shelving at October, 2019= cost - depreciation
8,100 - 8,100 x 40% + 1620 = 8,100 - 4,860= $3240
Gain/ Loss = Sale - the ending balance of the carrying value of the asset
$2700 - $3240= -540= $540 loss
Journal to record shelving for and its sale in .
Accounts Debit Credit
Cash $2700
Accumulated depreciation--
Display shelving (3240 +1620) $4860
loss on sale of asset $540
Shelving $8,100
You short-sell 200 shares of Tuckerton Trading Co., now selling for $50 per share. What is your maximum possible loss
Answer:
Unlimited
Explanation:
GIven that:
You short-sell 200 shares of Tuckerton Trading Co
now selling for $50 per share.
If a short-sell occurs on a trade, the lower the share price, the higher the profit your are liable to achieve but if short-sell occurs and the share price is higher, then the more loss you're going to accumulate.
From the question, the lowest possible share price is zero and the highest possible share price is infinity since there is no stop loss.
∴
The maximum possible loss = 200 × 50( 1 - infinity share price)
= Unlimited loss
Job Searching in the Digital Age(Part II) Which of the following are job boards?
A. Open Post
B. College Grad
C. Big Careers
Users of ________ are increasingly using the sites to prospect for jobs.
Which of the following is an advantage to using networks and referral in the hidden job market?
A. Between 50 and 80 percent of all jobs are found there
B. Since there are fewer jobs in the hidden job market, a more targeted search can be conducted
C. It includes all jobs posted on job boards
Which of the following is an example of a way to search for jobs on the open job market?
A. Newspapers
B. Social networks
C. Personal networking
D. Referrals
E. Job boards
Which of the following will help protect you when posting to online job boards?
A. Include references
B. Only use sites where you publicly post
C. Only use sites where you pay to post
D. Remove your posted résumés when your job search is over
Answer and Explanation:
1. B. College Grad: college grad is a job board used by millions for their job search. Other popular job boards include: Monster, Indeed and career builder
2. Social networking:social networking sites are increasingly used today in job search. A popular example is LinkedIn which is used for professional connections and networking.
3. B. Since there are fewer jobs in the hidden job market, a more targeted search can be conducted : the hidden job market consisting of personal networking and referrals has fewer jobs but is very effective in selecting the right people for a job
4.A. Newspapers E. Job boards: open job markets consist Jon's listed publicly in newspapers, Jon boards and websites for all qualified candidates to apply. It is different from the hidden job market which is usually referral based such as in personal network and social network, former colleagues or former schoolmates and alumni groups.
5. D. Remove your posted résumés when your job search is over: use reputable sites in your job search and don't post private data. Don't jump on every job post. Endeavor to remove your resume from the site when your search is over
Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement:
Sales $ 1,546,000
Variable expenses 573,480
Contribution margin 972,520
Fixed expenses 1,070,000
Net operating income (loss) $ (97,480)
In an effort to resolve the problem, the company would like to prepare an income statement segmented by division. Accordingly, the Accounting Department has developed the following information:
Division
East Central West
Sales $ 416,000 $ 630,000 $ 500,000
Variable expenses as a percentage of sales 48 % 26 % 42 %
Traceable fixed expenses $ 282,000 $ 324,000 $ 206,000
Required:
1. Prepare a contribution format income statement segmented by divisions.
2-a. The Marketing Department has proposed increasing the West Division's monthly advertising by $28,000 based on the belief that it would increase that division's sales by 13%. Assuming these estimates are accurate, how much would the company's net operating income increase (decrease) if the proposal is implemented?
2-b. Would you recommend the increased advertising?
The amortization of bond premium on long-term debt should be presented in a statement of cash flows (using the indirect method for operating activities) as a(n)
Answer:
Operating Activity
Explanation:
The Indirect method, reconciles the Operating Profit to the Operating Cash Flow by adjusting the following items (1) Non Cash flow items previously added or deducted from Operating Profit and (2) Changes in Working Capital items.
Amortization of bond premium is an item of non-cash flow that was previously deducted from Operating Profit and needs to be added back.
The income statement and selected balance sheet information for Direct Products Company for the year ended December 31 are presented below. Income Statement Sales Revenue Expenses S 41,600 Cost of Goods Sold Depreciation Expense Salaries and Wages Expense Rent Expense Insurance Expense Interest Expense Utilities Expense 17,500 1,300 8,300 3,800 1,550 1,450 Net Income S 6,650 Selected Balance Sheet Accounts Ending Beginning Balances Balances Accounts Recelvable Inventory Accounts Payable Prepaid Rent Prepaid Insurance Salaries and Wages Payable Utilities Payable $570 820 430 29 27 600 685 480 32 43 17
Required:
Prepare the cash flows from operating activities section of the statement of cash flows using the indirect method.
Answer:
Direct Products Company
Operating cash flow statement
For the year ended December 31, 202x
Net income $6,500
Adjustments to net income:
Depreciation expense $1,300Decrease in accounts receivable $30Decrease in prepaid insurance $5Increase in salaries payable $23Increase in utilities payable $7Increase in inventory ($135)Increase in prepaid rent ($7)Decrease in accounts payable ($50) $1,173Net cash flow provided by operating activities $7,673
Explanation:
Net Income $6,650
Depreciation Expense $1,300
ending beginning
Accounts Receivable $570 $600
Inventory $820 $685
Accounts Payable $430 $480
Prepaid Rent $29 $22
Prepaid Insurance $27 $32
Salaries Payable $66 $43
Utilities Payable $24 $17
Eakins Inc.'s common stock currently sells for $15.00 per share, the company expects to earn $2.75 per share during the current year, its expected payout ratio is 70%, and its expected constant growth rate is 6.00%. New stock can be sold to the public at the current price, but a flotation cost of 8% would be incurred. By how much would the cost of new stock exceed the cost of retained earnings
Answer:
1.12%
Explanation:
By how much would the cost of new stock exceed the cost of retained earnings = Cost of new equity - Cost of retained earnings
Cost of retained earnings = ((2.75 * 70%) / 15) + 6.00%
Cost of retained earnings = ((2.75 * 0.7) / 15) + 0.06
Cost of retained earnings = 0.1283 + 0.06
Cost of retained earnings =0.1883
Cost of retained earnings = 18.83%
Cost of new equity= ((2.75 * 70%) / (15 * (1 - 8%) ) + 6.00%
Cost of new equity= 19.95%
Hence, Cost of new equity - Cost of retained earnings
= 19.95% - 18.83%
= 1.12%
Given the following data for Vinyard Corporation:
D=1000
V=4000
E=3000
V=4000
Calculate the proportions of debt (D/V) and equity (E/V) for the firm that you would use for
estimating the weighted average cost of capital (WACC):
A. 40% debt and 60% equity
B. 50% debt and 50% equity
C. 25% debt and 75% equity
D. none of the given values
Answer:
C
Explanation:
D / V = 1000 / 4000
Dividing 1000 by 4000 gives 0.25 = 25%
E / V = 3000 / 4000
Dividing 3000 by 4000 gives 0.75 = 75%
Which of the following is one of the seven website design elements that marketers can use to produce an effective customer experience online?A. consistencyB. collaborationC. commercializationD. commerceE. creativity
Answer:
D
Explanation:
The Answer is Commerce
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Harwell Company manufactures automobile tires. On July 15, 2018, the company sold 1,300 tires to the Nixon Car Company for $50 each. The terms of the sale were 3/10, n/30. Harwell uses the gross method of accounting for cash discounts. Required: 1. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and collection on July 23, 2018. 2. Prepare the journal entries to record the sale on July 15 (ignore cost of goods) and collection on August 15, 2018
Answer and Explanation:
The Journal entry is shown below:-
1. a. Accounts Receivable Dr, $65,000 (1,300 × $50)
To Sales revenue $65,000
(Being sales revenue is recorded)
b. Cash Dr, $63,050
Sales discount Dr, $1,950 ($65,000 × 3%)
To Accounts Receivable $65,000
(Being collection is recorded)
2. a. Accounts Receivable Dr, $65,000
To Sales revenue $65,000
(Being sales revenue is recorded)
Cash Dr, $65,000
To Accounts Receivable $65,000
(Being collection is recorded)
According to the mean-variance criterion, portfolio A is better than portfolio B for a risk-averse investor whenever _____.
Answer: d. E(rA) ≥ E(rB) and σA ≤ σB
Explanation:
The options are:
a. E(rA) ≤ E(rB) and σA ≤ σB
b. E(rA) ≥ E(rB) and σA ≥ σB
c. E(rA) ≤ E(rB) and σA ≥ σB
d. E(rA) ≥ E(rB) and σA ≤ σB
Mean-variance criterion is when the means and the variances of the return of different portfolios are used as a basis to select a portfolio.
An investor will choose the portfolio that has a lower risk which is denoted by the standard deviation. Therefore, option D is correct.
A risk-free, zero-coupon bond has 15 years to maturity. Which of the following is closest to the price per $1,000 of face value at which the bond will trade if the current YTM is 6.1%?
a $411.40
b. $553.15
c $663.78
d. $885.05
e. $774.42
Answer:
The bond will trade at a. $411.40.
Explanation:
Use the following data to find the price, PV of the bond.
n = 15
pmt = $0
p/yr = 1
fv = $1,000
ytm = 6.10 %
pv = ?
Using a financial calculator, the bond price (PV) is $411,4047 or $411,40
Conclusion :
The bond will trade at $411.40 if the current YTM is 6.1%.
Blue Stone Builders recently offered to sell 45,000 newly issued shares of stock to the public. The underwriters charged a fee of 8.2 percent and paid Blue Stone Builders the uniform auction price for each of those shares. Which one of the following terms best describes this underwriting?
a) Private placement
b) Best efforts
c) Public rights
d) Dutch auction
e) Market commitment
Answer: d) Dutch auction
Explanation:
Dutch Auction refers to a type of Public Offering in which the issuing company holds a sort of auction and receives bids on the shares that it has in. Using these bids they are able to set a price for the stock which is the highest price received.
However, the bids are based on the amount an investor can buy in terms of quantity and price. The lowest acceptable bid is then charged on all the stock and is called the Uniform auction price which is what Blue Stone paid thereby making this a Dutch Auction.
If an analyst wished to determine the degree to which leverage was being employed by a subject company, she would most likely examine that issuer's:______.
a) sales to debt ratio.
b) debt to equity ratio.
c) current ratio.
d) price to book ratio.
Answer:
B) debt to equity ratio.
Explanation
The debt to equity ratio is computed by dividing the issuer's long-term debt by their total capitalization. The higher the ratio, the more leverage being used by the company.
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What is the difference between full absorption costing and variable costing?A. In full absorption costing, all of the non-manufacturing costs are expensed. In variable costing, all of the non-manufacturing expenses are included in the cost of the product.B. In full absorption costing, fixed manufacturing overhead is expensed. In variable costing, fixed manufacturing overhead is included in the cost of the product.C. In full absorption costing, fixed manufacturing overhead is included in the cost of the product. In variable costing, fixed manufacturing overhead is expensed.D. Variable costing must be used for external financial reports while full absorption costing can only be used for internal reporting.
Answer: C. In full absorption costing, fixed manufacturing overhead is included in the cost of the product. In variable costing, fixed manufacturing overhead is expensed.
Explanation:
Full absorption costing accounts for all the costs involved in making a product including the indirect and the direct costs. That means both variable costs like direct materials and direct labor as well as fixed costs like rent, and insurance are included in the cost of the product.
Variable costing on the other hand expenses fixed manufacturing overhead separately. As a result, Full absorption has a higher cost of inventory than does Variable costing.
Calculate the effective annual interest rate for the following: a. A 3-month T-bill selling at $97,820 with par value $100,000. (Round your answers to 2 decimal places.) b. A 8% coupon bond selling at par and paying coupons semiannually.
Answer:
A.9.2%
B.8.16%
Explanation:
a. Calculation for the Effective annual rate on three-month T-bill
First step
T-bill =(Par value-Selling amount)/Par value
Let plug in the formula
T-bill =($100,000-$97,820)/$97,820
T-bill =$2,180/$97,820
T-bill =0.02228
Now let calculate for the Effective Annual Interest rate
Effective Annual Interest rate = (1 + 0.02228)^4– 1
Effective Annual Interest rate = (1.02228)^4-1
Effective Annual Interest rate =1.0921-1
Effective Annual Interest rate =0.0921×100
Effective Annual Interest rate=9.2%
B. Calculation for the effective annual interest rate for A 8% coupon bond .
First step
Semi-annual return=8%/2
Semi-annual return=4%
Second step is to calculate for the effective annual interest rate
Using this formula
Effective annual interest rate =(1+Semi-annual return percentage)^2-1
Let plug in the formula
Effective annual interest rate=(1+0.04)^2-1
Effective annual interest rate=(1.04)^2-1
Effective annual interest rate=1.0816-1
Effective annual interest rate=0.0816×100
Effective annual interest rate=8.16%
Therefore the Effective annual rate on three-month T-bill will be 9.2% while that of coupon bond is 8.16%
.
Michael Company reports Total Assets of $254,000, Common Stock of $50,000, and Retained Earnings of $94,000. What are total liabilities at the end of the first year
Answer:
$110,000
Explanation:
Accounting equation : Assets - liabilities = Shareholder's equity
Liabilities = Assets - Shareholder's equity
Equity = $50,000 + $94,000 = $144,000
$254,000 - $144,000 = $110,000
A stock is selling today for $40 per share. At the end of the year, it pays a dividend of $2 per share and sells for $44. a. What is the total rate of return on the stock?
Answer:
The total rate of return on the stock is 14%.
Explanation:
The sources of income from a stock are dividends and increase in its value. Therefore, the total rate of return on stock is calculated by dividing the addition of appreciation in the of the stock and dividends paid by the original stock price.
Therefore, the total rate of return on the stock can be calculated using the following formula:
Total rate of return = [(P1 - Po) + D] / Po .......................... (1)
Where;
P1 = Ending stock price = $44
Po = Initial stock price = $40
D = Dividend paid = $2
Substituting the values into equation (1), we have:
Total rate of return = [(44 - 40) + 2] / 44
Total rate of return = [4 + 2] / 44
Total rate of return = 6 / 44
Total rate of return = 0.14, or 14%
Formulate a unique business idea and state the mission and vision statements
Answer:
The answer is below
Explanation:
Business Idea:
Online Courses and Coaching (OCC)
Vision Statement:
OCC promotes world arrangement and comprehensive learning territories through the process of rising advancement in technologies.
Mission Statement:
At OCC, our vibrant squad assists the internet community by delivering training, a form of research, and adaptable support services. By means of productive problem solving, teamwork, and introspection we contribute to an excellent background for development in teaching and learning in an endeavor to best assist the students or scholars, faculty, and staff.
Question 7 of 10 How much should you save each year for maintenance on your home? $500 Whatever your home inspector recommends 7% of your gross income At least 1% of the purchase price
Answer: At least 1% of the purchase price
Explanation:
The 1% rule is a popular practice that estimates that 1% of a house´s purchase price should be expected to be required for maintenance every year. This is the case for a house that is less than five years old. Houses between 5 and 25 years old could range between a 1 and 4% annual maintenance budget, depending also on its location, the market, its size, and the impact of the weather.