Answer:
SME Ads Inc.
In developing the advertising campaign for a client,
SME should include the important selling points or features of the client's products in the following step:
A) Identifying and analyzing the industry.
Explanation:
It is at this step that the SWOT analysis is carried out. The client's selling points form part of the client's strengths. Therefore, during the identification and analysis of the industry in which the client plays a role, its selling points or special features must be prominently developed to achieve great advert value for money.
Write a conversation between florist and customer for ordering a bouquet to gift for mom on Mother's Day - write with etiquette
Answer:
sorry sir you would have to do this on your own
Malibu Corporation has monthly fixed costs of $59,000. It sells two products for which it has provided the following information. Sales Price Contribution Margin Product 1 $ 15 $ 9 Product 2 20 4 a. What total monthly sales revenue is required to break even if the relative sales mix is 30 percent for Product 1 and 70 percent for Product 2
Answer:
$184,375
Explanation:
The computation of the monthly sales revenue that needed to be break even is given below:
Here we assume the sales be x
0.18x + 0.14x = $59,000
0.32x = $59,000
x = $59,000 ÷ 0.32
= $184,375
The 0.18x come from
= ($9) ÷ ($15) × 0.30x
= 0.18x
And, the 0.14x come from
= ($2) ÷ ($20) × 0.70x
= 0.14x
Your child is planning attend summer camp for 3 months, starting 12 months from now. The cost for camp is $2,676 per month, each month, for the 3 months she will attend. If your investments earn 2.3% APR (compounded monthly), how much must you invest each month, starting next month, for 3 months such that your investment will grow to just cover the cost of the camp
Answer:
Monthly deposit= $2,625.16
Explanation:
Giving the following information:
Total cost= 2,676*3= $8,028
Monthly interest rate0 0.023/12= 0.00192
First, we need to calculate the nominal value required at the end of the third month:
PV= FV / (1 + i)^n
FV= 8,028
i= 0.00192
n= 9 months
PV= 8,028 / (1.00192^9)
PV= $7,890.6
Now, the monthly investment to reach $7,890.6:
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (7,890.6*0.00192) / [(1.00192^3) - 1]
A= $2,625.16
Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year.
Units produced this year 35,000 units
Units sold this year 21,000 units
Direct materials $19 per unit
Direct labor $21 per unit
Variable overhead $3 per unit
Fixed overhead $175,000 in total
Given Advanced Company's data, and the knowledge that the product is sold for $71 per unit and operating expenses are $300,000. Compute the net income under absorption costing.
Answer:
$183,000
Explanation:
Advanced Company
Income Statement for the year - absorption costing
Sales ($71 x 21,000 units) $1,491,000
Less Cost of Sales ($1,008,000)
Gross Profit $483,000
Less Expenses
Operating expenses ($300,000)
Net Income $183,000
where,
Cost of Sales = Units Sold x Product Cost
= 21,000 x $48
= $1,008,000
Product Cost = all manufacturing costs (absorption costing)
= $19 + $21 + $3 + ($175,000 ÷ 35,000)
= $48
Never-Die Battery manufactures batteries for industrial and consumer use. The company purchased a commercial package policy (CPP) to cover its property exposures. In addition to common policy conditions and declarations, the policy contains a building and personal property coverage form and an equipment breakdown protection coverage form. The policy also contains the causes-of-loss broad form. With respect to each of the following losses, indicate whether or not the loss is covered.
a. An explosion occurred that damaged the building where finished batteries are stored.
b. Because of the explosion, the company incurred expenses for expedited shipping of replacement parts for machines used to manufacture the batteries.
c. The explosion injured several employees who received emergency treatment at a local hospital.
d. An automatic sprinkler system accidentally discharged in the finished goods building. Some recently manufactured batteries were ruined because of water damage and corrosion.
Answer:
a. An explosion occurred that damaged the building where finished batteries are stored. COVERED.
The policy covers their property exposures which includes a building and property coverage which means that damage to the building will be covered.
b. Because of the explosion, the company incurred expenses for expedited shipping of replacement parts for machines used to manufacture the batteries. COVERED.
There is a coverage for equipment breakdown as well and because some machines were damaged in the explosion, they will need to be replaced and as they qualify as broken down, they will be covered.
c. The explosion injured several employees who received emergency treatment at a local hospital. COVERED.
With business and property insurance, employees are covered in the policy when they incur injuries related to business operations so these employees are covered.
d. An automatic sprinkler system accidentally discharged in the finished goods building. Some recently manufactured batteries were ruined because of water damage and corrosion. COVERED.
The sprinkler is considered equipment so in breaking down its effects are covered by the equipment breakdown so this is covered as well.
A dwelling with a replacement cost of $150,000 was insured under a Homeowners 3 policy for $105,000 at the time the roof was destroyed by a windstorm. The actual cash value of the loss was $10,000, but it will cost $15,000 to replace the roof. Ignoring any deductible, what will the insurer pay to settle this loss
Answer: $13125
Explanation:
The amount that the insurer will pay to settle this loss will be calculated thus:
= Insured claim × Insurance value / 80% of replacement value
= 15000 × 105,000 /80% × 150000.
= 15000 × 105,000 / 120000
= 13125
Therefore, the insurer will pay $13125
Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for next year. Beginning Inventory Ending Inventory Raw material* 30,000 40,000 Finished goods 70,000 60,000 * Three pounds of raw material are needed to produce each unit of finished product. If Paradise Corporation plans to sell 510,000 units during next year, the number of units it would have to manufacture during the year would be:
Answer:
500,000 units
Explanation:
Giving the following information,
Beginning inventory = 70,000 units
Ending inventory = 60,000 units
Sales = 510,000 units
We will make use of the formula below to calculate the production required.
Production = Sales + Desired ending inventory - Beginning inventory
Production = 510,000 + 60,000 - 70,000
Production = 500,000 units
Old Quartz Gold Mining Company is expected to pay a dividend of $8 in the coming year. Dividends are expected to decline at the rate of 2% per year. The risk-free rate of return is 6%, and the expected return on the market portfolio is 14%. The stock of Old Quartz Gold Mining Company has a beta of -0.25. The intrinsic value of the stock is
Answer:
$133.33
Explanation:
Cost of equity (Ke) = Rf + beta*(Rm-Rf)
Cost of equity (Ke) = 6% - 0.25*(14%-6%)
Cost of equity (Ke) = 4%
Cost of equity (Ke) = 0.04
According to the dividend distribution model Ke = D1/ P0 + g. P0 = D1/(ke-g, where D1 = 8, g = -0.02 and Ke = 0.04
P0 (Intrinsic price) = 8/(0.04+0.02)
P0 (Intrinsic price) = 8/0.06
P0 (Intrinsic price) = $133.33
Therefore, he intrinsic value of the stock is $133.33.
For the products launched by companies to succeed, it is important that Multiple Choice marketing is aggressive and separate from other functional areas. marketing endeavors are directed solely at manipulating consumers. all the functional areas of the business are coordinated with marketing decisions. the marketing environment changes constantly. one environmental force is not interconnected with another environmental force.
Answer:
all the functional areas of the business are coordinated with marketing decisions.
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.
According to the economist Philip Kotler in his book titled "Marketing management" he stated that, there are five (5) levels of a product. This includes;
1. Core benefit.
2. Generic product.
3. Expected product.
4. Augmented product.
5. Potential product.
The core benefit of a product can be defined as the basic (fundamental) wants or needs that is being satisfied, met and taken care of when a customer purchase a product.
Hence, for the products launched by companies to succeed, it is important that all the functional areas of the business are coordinated with marketing decisions.
Marketing mix can be defined as the choices about product attributes, pricing, distribution, and communication strategy that a company blends and offer its targeted markets (customers) so as to build and maintain a desired response.
When amortizing the discount on bonds payable, the amount of interest expense reported on the income statement will always be less than cash paid for interest. True or false?
Cooper Company currently uses the FIFO method to account for its inventory but is considering a switch to LIFO before the books are closed for the year. Selected data for the year are:
Merchandise inventory, January 1 $1,430,000
Current assets 3,603,600
Total assets (operating) 5,720,000
Cost of goods sold (FIFO) 2,230,800
Merchandise inventory, December 31 (LIFO) 1,544,400
Merchandise inventory, December 31 (FIFO) 1,887,600
Current liabilities 1,144,000
Net sales 3,832,400
Operating expenses 915,200
1. Compute the current ratio, inventory turnover ratio, and rate of return on operating assets assuming the company continues using FIFO.
2. Repeat part (a) assuming the company adjusts its accounts to the LIFO inventory method.
Answer:
Cooper Company
1. FIFO:
Current ratio
= 3.15
Inventory turnover ratio
= 1.34
Rate of return on operating assets
= 12%
2. LIFO:
Current ratio
= 2.85
Inventory turnover ratio
= 1.73
Rate of return on operating assets
= 12.8%
Explanation:
a) Data and Calculations:
Merchandise inventory, January 1 $1,430,000
Current assets 3,603,600
Total assets (operating) 5,720,000
Cost of goods sold (FIFO) 2,230,800
Merchandise inventory, December 31 (LIFO) 1,544,400
Merchandise inventory, December 31 (FIFO) 1,887,600
Current liabilities 1,144,000
Net sales 3,832,400
Operating expenses 915,200
FIFO
Merchandise inventory, December 31 (FIFO) $1,887,600
Cost of goods sold (FIFO) 2,230,800
Goods available for sale $4,118,400
Merchandise inventory, January 1 1,430,000
Purchases $2,688,400
LIFO:
Goods available for sale $4,118,400
Merchandise inventory, December 31 (LIFO) 1,544,400
Cost of goods sold (LIFO) $2,574,000
Income Statements FIFO LIFO
Net sales $3,832,400 $3,832,400
Cost of goods sold (FIFO) 2,230,800 2,574,000
Gross profit $1,601,600 $1,258,400
Operating expenses 915,200 915,200
Net income $686,400 $343,200
Merchandise inventory, December 31 (LIFO) 1,544,400
Merchandise inventory, December 31 (FIFO) 1,887,600
Difference between FIFO and LIFO = 343,200
FIFO Difference LIFO
Current assets 3,603,600 343,200 3,260,400
Total assets (operating) 5,720,000 343,200 5,376,800
Cost of goods sold (FIFO) 2,230,800 2,574,000
Merchandise inventory, January 1 1,430,000 1,430,000
Merchandise inventory, December 31 1,887,600 1,544,400
Current liabilities 1,144,000 1,144,000
Average inventory 1,658,800 1,487,200
FIFO:
Current ratio = current assets/current liabilities
= $3,603,600/$1,144,000 = 3.15
Inventory turnover ratio = Cost of goods sold/Average Inventory
= $2,230,800/$1,658,800
= 1.34
Rate of return on operating assets = Net income/Total assets * 100
= $686,400/$5,720,000 * 100
= 12%
LIFO:
Current ratio = $3,260,400/$1,144,000
= 2.85
Inventory turnover ratio = $2,574,000/$1,487,200
= 1.73
Rate of return on operating assets = $686,400/$5,376,800 * 100
= 12.8%
TaskMaster Enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. TaskMaster has established the following standards for the prime costs of one unit of product. Standard Standard Standard Quantity Price Cost Direct Materials 9 pounds $ 1.80 per pound $ 16.20 Direct Labor 0.25 hour $ 7.20 per hour 1.80 $ 18.00 During November, TaskMaster purchased 198,000 pounds of direct materials at a total cost of $376,200. The total factory wages for November were $46,000, 90% of which were for direct labor. TaskMaster manufactured 21,000 units of product during November using 170,000 pounds of direct materials and 6,000 direct labor hours. What is the direct labor efficiency variance for November
Answer:
Direct labor time (efficiency) variance= $5,400 unfavorable
Explanation:
Giving the following information:
Standard= Direct Labor 0.25 hour $ 7.20 per hour
Actual= 6,000 hours
Number of units= 21,000
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
Direct labor time (efficiency) variance= (21,000*0.25 - 6,000)*7.2
Direct labor time (efficiency) variance= (5,250 - 6,000)*7.2
Direct labor time (efficiency) variance= $5,400 unfavorable
The amounts reported for assets and liabilities in the total column for the combining balance sheet for nonmajor governmental funds are also reported in the other governmental funds column of the governmental funds balance sheet.
A. True
B. False
Answer: True
Explanation:
Governmental funds refers to the assets, money, or property, of the government.
It should be noted that the non major governmental fund is also a form of fund as well and therefore, the amounts that are reported for assets and liabilities in the total column for the combining balance sheet for the nonmajor governmental funds will also have to be reported in the other governmental funds column of the governmental funds balance sheet.
Therefore, the correct option is True
How many people started new businesses in 2011 according to the Kauffman Foundation?
A) 5%
B) 320 of every 100,000 adults in this country
C) 350 of every 100,000 adults in this country
D) 320,000
Answer:
B) 320 of every 100,000 Adults in this country.
Explanation: this is correct!
Your firm is preparing to open a new retail strip mall and you have multiple businesses that would like lease space in it. Each business will pay a fixed amount of rent each month plus a percentage of the gross sales generated each month. The cash flows from each of the businesses has approximately the same amount of risk. The business names, square footage requirements, and monthly expected cash flows for each of the businesses that would like to lease space in your strip mall are provided below:
Square Feet Expected Monthly
Business Name Required Cash Flow
Videos Now 4,000 70,000
Gords Gym 3,500 52,500
Pizza Warehouse 2,500 52,500
Super Clips 1,500 25,500
30 1/2 Flavors 1,500 28,500
S-Mart 12,000 180,000
WalVerde Drugs 6,000 147,000
Multigular Wireless 1,000 22,250
If your new strip mall will have 15,000 square feet of retail space available to be leased, to which businesses should you lease and why?
Answer:
I would like to lease spaces to the following businesses:
Square Feet Expected Monthly
S-Mart 12,000 $180,000
WalVerde Drugs 6,000 147,000
Videos Now 4,000 70,000
They have the highest monthly expected cash flows to be able to pay the monthly rent. Another reason is that the variable part of the rent depends on each business's monthly gross sales. The higher the gross sales, the higher the rent. They also require the highest square space on which the fixed element of the rent depends.
Explanation:
a) Data and Calculations:
Square Feet Expected Monthly
Business Name Required Cash Flow
Videos Now 4,000 $70,000
Gords Gym 3,500 52,500
Pizza Warehouse 2,500 52,500
Super Clips 1,500 25,500
30 1/2 Flavors 1,500 28,500
S-Mart 12,000 180,000
WalVerde Drugs 6,000 147,000
Multigular Wireless 1,000 22,250
Space available for leasing = 15,000 square feet
S-Mart 12,000 $180,000
WalVerde Drugs 6,000 147,000
Videos Now 4,000 70,000
Cash receipts and cash disbursement budgets for a government: Should be prepared monthly or as needed to enhance cash management, investment management, and short-term debt management. Should be prepared for all funds for the entire fiscal year. Should be prepared for only those funds for which appropriations budgets are not required by law. Should be prepared for only those funds for which appropriations budgets are required by law to be prepared on the accrual basis or the modified accrual basis.
Answer:
Should be prepared monthly or as needed to enhance cash management, investment management, and short-term debt management.
Explanation:
The government budget with respect to the cash receipts and cash disbursement should be prepared on the monthly basis or it should be prepared as per the requirement so that the managing of the cash could be enhanced also along with it the managing of the investing and managing of the short term debt could also be enhances
Therefore the first option is correct
When Argentina fixed the exchange rate of their peso to the U.S. dollar, one outcome was: Group of answer choices Argentinean central bankers effectively gave control of their domestic interest rate to the FOMC. Argentinean central bankers regained control of their domestic interest rate. Argentinean central bankers were finally able to focus their attention on domestic monetary policy. Argentineans began using the U.S. dollar for all of their transactions.
Answer: Argentinean central bankers effectively gave control of their domestic interest rate to the FOMC.
Explanation:
The Federal Open Market Committee(FOMC) is a committee of the Federal Reserve which influences the interest rate in the country by engaging in Open Market Operations (OMO). In doing so, they also influence the value of the dollar which is the currency of the U.S.
By pegging the Argentine Peso to the U.S. dollar, the Argentines effectively gave control of their domestic interest rate to the FOMC because the FOMC in deciding the interest rate for the U.S. and therefore the dollar, will be deciding for any other currency that moves exactly as the dollar does which is what the Peso is now going to do.
The outcome was that Argentinean central bankers effectively gave control of their domestic interest rate to the FOMC.
The Federal Open Market Committee is a committee of the Federal Reserve which influences the interest rate in the country by engaging in Open Market Operations (OMO).
Now, by pegging the Argentine Peso to the U.S. dollar, the Argentines will effectively gave control of their interest rate to the Federal Open Market Committee for interest rate decision, therefore, will be deciding for any other currency that moves exactly as the dollar does.Hence, the Option A is correct because the outcome was that Argentinean central bankers effectively gave control of their domestic interest rate to the FOMC.
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5. A neighborhood sportswear store sells a pair of Nike sneakers for $40. Due to the recent fitness craze, these shoes are in high demand: 50 pairs of shoes are sold per week. The ordering cost is $20/order, and the annual holding cost is 20 percent of selling price. If the store operates 52 weeks a year, what can you say about the current lot size of 235
Answer: Too large
Explanation:
Thw following information can be gotten from the question:
d = 50 pairs per week
S = ordering cost = $20 per order
H = holding cost = 20% × $40 = $8
n = 52 weeks
D = Annual demand = 50 × 52 = 2600
We'll then calculate the economic order quantity which will be:
= ✓2DS/H
= ✓2×2600×20/8
= ✓13000
= 114 units
Therefore, the current lot size of 235 is too large
On January 1, 2021, Ellison Company granted Sam Wine, an employee, an option to buy 1,000 shares of Ellison Co. stock for $30 per share, the option exercisable for 5 years from date of grant. Using a fair value option pricing model, total compensation expense is determined to be $6,000. Wine exercised his option on October 1, 2021 and sold his 1,000 shares on December 1, 2021. Quoted market prices of Ellison Co. stock in 2021 were:
July 1 $30 per share
October 1 $36 per share
December 1 $40 per share
The service period is for three years beginning January 1, 2021. As a result of the option granted to Wine, using the fair value method, Ellison should recognize compensation expense for 2021 on its books in the amount of:________
a. $6,000 21
b. $2,000
c. $1,500
d. $0
Answer:
b. $2,000
Explanation:
Using a fair value option pricing model, total compensation expense is determined to be $6,000.
The service period is for three years beginning January 1, 2021.
So, Ellison should recognize compensation expense for 2021 on its books in the amount of:
= $6,000 / 3 years
= $2,000.
As a result of the option granted to Wine, using the fair value method, Ellison should recognize $2,000 as compensation expense.
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Answer:
what this?
Explanation:
thanks for the points have great day im so sorry if this was suppose to be an educational question
After comparing the manufacturing costs in the United States and in offshore locations, Alpha Manufacturing has decided to move its operations offshore to increase its profits by reducing manufacturing costs. In the given scenario, Alpha Manufacturing has most likely conducted a ______, a form of utilitarianism commonly applied by firms and government.
Answer:
Cost-benefit analysis.
Explanation:
Cost-benefit analysis is used to examine and compare the cost associated with a project or task and the benefits derived from it.
In the given scenario, Alpha Manufacturing has most likely conducted a cost-benefit analysis, a form of utilitarianism commonly applied by firms and government. Also, it is essentially used by various organizations or business firms in the decision-making process, as all the cost incurred are determined.
Additionally, it may be used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.
Fixed costs can be defined as predetermined expenses in a business that remain constant for a specific period of time regardless of the quantity of production or level of outputs. Some examples of fixed costs in business are loan payments, employee salary, depreciation, rent, insurance, lease, utilities etc.
Suppose an economy has two industries producing corn (c) and tractor (t). The production functions for the two industries are.
Yc = min (Lc/2, Kc/1) and Yt = min (Lt/2.5, Kt/3),
where Li and Ki are the amount of labor and capital used in industry i (i = c, t). Constraints for labor and capital endowments are given as follows:
Lc + Lt ≤ 63 and Kc + Kt ≤ 42.
Derive the production transformation curve and show the output vector (Yc, Yt) that corresponds to full employment of both factors? (10 marks)
What range of output price ratio (Pc/Pt) is consistent with the full employment of both factors simultaneously? (10 marks)
Answer:
The answer would be y/b
Explanation:
Its really simple
Concord Company sells merchandise on account for $5700 to Ivanhoe Company with credit terms of 2/10, n/30. Ivanhoe Company returns $1000 of merchandise that was damaged, along with a
check to settle the account within the discount period. What is the amount of the check?
$4700
$4606
$5586
$5606
Answer:
The right solution is Option b ($4606 ).
Explanation:
The given values are:
Company sells merchandise,
= $5700
Company returns,
= $1000
Now,
The amount of the check will be:
= [tex](5700-1000)\times 98 \ percent[/tex]
= [tex](5700-1000)\times 0.98[/tex]
= [tex]4700\times 0.98[/tex]
= [tex]4606[/tex] ($)
Why would a Roth 401(k) investment plan allow you to invest the most amount of money?
Answer:
401k
Explanation:
investment plan allow you to invest the most amount of money? ... A Roth 401(k) plan takes money after tax has been removed from gross income, and has a contribution limit, but withdrawal is tax free. A Roth Individual Retirement Account allows you to draw a fixed amount that is not taxed.
From a firm's viewpoint, opportunity cost is the best alternative use customers can find for the firm's output. price a firm can charge for its output. cost the firm must pay for the factors of production it employs to attract them from their best alternative use. accounting cost of resources. cost of acquiring the opportunity to sell to its customers.
Answer:
cost the firm must pay for the factors of production it employs to attract them from their best alternative use.
Explanation:
Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.
The four factors of production are;
I. Land: this refers to the natural resources and raw materials extracted from the ground or grown in the soil e.g oil, gold, rubber, cocoa, etc.
II. Labor (working): this is the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.
III. Capital resources: it includes the physical assets used for production of goods and services such as equipment, money, plant, etc.
IV. Entrepreneurship: it is intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).
These four (4) factors of production when combined effectively and efficiently are used for the manufacturing or production of goods and services that meets the unending requirements or needs of the consumers.
From a firm's viewpoint, opportunity cost is cost the firm must pay for the factors of production it employs to attract them from their best alternative use.
Crane, Inc., is preparing its direct labor budget for 2020 from the following production budget based on a calendar year.
Quarter Units Quarter Units
1 20,330 3 35,270
2 25,370 4 30,390
Each unit requires 1.70 hours of direct labor. Prepare a direct labor budget for 2020. Wage rates are expected to be $17 for the first 2 quarters and $19 for quarters 3 and 4.
Answer:
Total labor hour = Units*Operating hours
Labor cost= Total labor hours * Hourly wage rate
QUARTER
1 2 3 4
Units 20,330 35,270 25,370 30,390
DLH time per unit 1.70 1.70 1.70 1.70
Total labour hours need 34561 43129 59959 51663
Hourly wage rate 17 17 19 19
Budgeted direct labor hour 587535 733193 1138221 981597
James is the new manager of operations at Springfield Motors. To his dismay, he finds the employees coming in late to work, taking long breaks, and behaving unprofessionally at their workstations. James decides to promote desirable work practices. He plans to introduce incentives for meeting the required targets but, at the same time, to withhold those incentives when employees are late, take long breaks, or behave unprofessionally. Identify the contingencies that James is planning to implement.
Answer: b. Positive reinforcement and punishment
Explanation:
Positive reinforcement is a way of encouraging certain behavior by adding something pleasant when the subject does something that it desirable or a stimulus. James giving the employees some incentives (something pleasant) when they meet required targets (something desirable) is therefore positive reinforcement.
Punishment on the other hand, refers to taking away something pleasant in response to the subject doing something that isn't very desirable. In this scenario, James would take away the incentives (pleasant) in response to the employees behaving unprofessionally (isn't very desirable).
The financial statements for Castile Products, Inc., are given below: Castile Products, Inc. Balance Sheet December 31 Assets Current assets: Cash $ 21,000 Accounts receivable, net 220,000 Merchandise inventory 320,000 Prepaid expenses 8,000 Total current assets 569,000 Property and equipment, net 860,000 Total assets $ 1,429,000 Liabilities and Stockholders' Equity Liabilities: Current liabilities $ 280,000 Bonds payable, 9% 390,000 Total liabilities 670,000 Stockholders’ equity: Common stock, $10 par value $ 110,000 Retained earnings 649,000 Total stockholders’ equity 759,000 Total liabilities and equity $ 1,429,000
Castile Products, Inc. Income Statement For the Year Ended December 31 Sales $ 3,010,000 Cost of goods sold 1,110,000 Gross margin 1,900,000 Selling and administrative expenses 640,000 Net operating income 1,260,000 Interest expense 35,100 Net income before taxes 1,224,900 Income taxes (30%) 367,470 Net income $ 857,430 Account balances at the beginning of the year were: accounts receivable, $210,000; and inventory, $280,000. All sales were on account.
Required: Compute the following financial data and ratios:
1. Working capital.
2. Current Ratio (round to 2 decimal places)
3. Acid-Test Ratio (round to 2 decimal places)
4. Debt-to-equity Ratio (round to 2 decimal places)
5. Times interest earned Ratio (2 decimal places)
6. Average collection period (days)
7. Average sale period (days)
8. Operating cycle (Days; round intermediate calculations and final answer to 1 decimal place)
Answer and Explanation:
The computation is shown below;
1.
Working capital = Current Asset - Current Liabilities
= $569,000 - $280,000
= $289,000
2.
Current ratio = Current Asset ÷ Current Liability
= $569,000 ÷ $280,000
= 2.03
3.
Acid-test (quick) ratio = {(Current Asset - Inventory - prepaid expense) ÷ Current Liabilities }
= {{$569,000- $320,000 - $8,000) ÷ ($280,000)}
= 0.86 times
4.
Debt-Equity ratio = Total Liability ÷ Shareholders' Equity
= $670,000 ÷ $759,000
= 0.88 times
5.
Times interest earned = EBIT ÷ Interest Charges
= ($1,224,000 + $35,100) ÷ ($35,100)
= 35.87 times
6.
Average collection period
= 365 ÷ ($3,010,00 ÷ $215,000)
= 26 days
The $215,000 comes from
= ($210,000 + $220,000) ÷ 2
= $215,000
7. The average sales period is
= 365 ÷ ($1,110,000 ÷ $300,000)
= 99 days
The $300,000 comes from
= ($280,000 + $320,000) ÷ 2
= $300,000
8. The operating cycle is
= 99 days - 26 days
= 73 days
As a result of recent downsizing at his firm, Dominic lost his job as an IT manager for a large telecommunications company. A true, self-confirmed computer nerd, Dominic knew that several of his past contacts often outsourced their computer problems. He decided it was a good time to test the waters and see if he could secure enough computer clients to be in business for himself. His success demonstrated that
Answer:
The responses to the given question can be defined as follows:
Explanation:
Dominic quit his position as an IT manager for the largest telecommunication company despite a brief downsizing in her corporation. A genuine, self-confirmed nerd of a machine, Dominic realized that several of his past connections often subcontracted problems. He decided to try out all the water to find out whether he could secure and/or computer clients to be in the company. His performance has shown that effective major firms also generate lucrative support for young businesses. He could consider outsourcing jobs from large companies. It shows that big companies are supplying the small company with jobs, that's why the correct choice is "successful big businesses often create profitable opportunities for small businesses".
Leaders at ABC Corp. now encourage employees to experiment with new ideas. In particular, the executives emphasize that reasonable mistakes are tolerated and expected as part of the discovery process. Which of the following best describes what these leaders are trying to develop?
a. cross-pollination
b. a learning orientation
c. associative play
d. intuitive decision making
e. escalation of commitment
Answer:
b. a learning orientation
Explanation:
The learning orientation would be focused on the learning, its persistance, hard work, watching the situations that would result in performing the task in a better way and at the same time we would able to learn it from the given situation that consist of the challenges & efforts with respect to the work
Therefore as per the given situation, the option b is correct