Ross is the CEO of IO Technological Solutions (IOTS), a multinational company. Ross stresses on a decentralized working environment and is very friendly with his staff. In board meetings, he stresses that every top level employee at IOTS should focus on building a personal relationship with his or her team members and mentor them to succeed in their work. In this scenario, Ross focuses on a __________ for his company. Group of answer choices hierarchy culture market culture clan culture adhocracy culture

Answers

Answer 1

Answer: Clan culture

Explanation:

Clan Culture like the term implies refers to a type of corporate environment where a collaborative nature is encouraged and fostered such that people try to achieve common goals the way a clan would by being united and interested in the growth of one another because this will lead to the growth of the company as a whole.

In being friendly with staff and encouraging top management to try to get their team members to succeed, Ross is following a clan culture. This type of corporate environment is known to be the least competitive type as a result.


Related Questions

Time period used to compute indirect cost rates. Capitola Manufacturing produces surfboards. The company uses a normal-costing system and allocates manufacturing overhead on the basis of direct manufacturing labor-hours. Most of the company's production and sales occur in the first and second quarters of the year. The company is in danger of losing one of its larger customers, Pacific Wholesale, due to large fluctuations in price. The owner of Capitola has requested an analysis of the manufacturing cost per unit in the second and third quarters. You have been provided the following budgeted information for the coming year:
Quarter
1 2 3 4
Surfboards manufactured and sold 500 400 100 250
It takes 2 direct manufacturing labor-hours to make each board. The actual direct material cost is $65.00 per board. The actual direct manufacturing labor rate is $20 per hour. The budgeted variable manufacturing overhead rate is $16 per direct manufacturing labor-hour. Budgeted fixed manufacturing overhead costs are $20,000 each quarter.
1. Calculate the total manufacturing cost per unit for the second and third quarters assuming the company allocates manufacturing overhead costs based on the budgeted manufacturing overhead rate determined for each quarter.
2. Calculate the total manufacturing cost per unit for the second and third quarters assuming the company allocates manufacturing overhead costs based on an annual budgeted manufacturing overhead rate.
3. Capitola Manufacturing prices its surfboards at manufacturing cost plus 20%. Why might Pacific Wholesale be seeing large fluctuations in the prices of boards? Which of the methods described in requirements 1 and 2 would you recommend Capitola use? Explain.

Answers

Answer:

1) production cost per unit (Q2) = $187

production cost per unit (Q3) = $337

2) production cost per unit (Q2) = $201

production cost per unit (Q3) = $201

3) Capitola should allocate manufacturing costs based on total annual production because if it allocates them on a quarterly basis, the unit costs in the quarters were production is lower will be much higher. E.g. in Q3 only 100 units were produced, therefore production costs are 80% higher than Q2 costs. If costs are allocated on an annual basis, then production costs will be stable and the company will benefit. The company actually lost money when it sold its production during quarters 1 and 2 since overhead costs were not correctly applied.

Explanation:

                                                 Quarter

                                        1        2        3        4

Units produced           500   400    100    250

costs per unit:

2 labor hours x $20 = $40direct materials = $65variable overhead = $16

total = $121 per unit

fixed overhead = $20,000

1) total production costs second quarter:

materials = 400 x $65 = $26,000

direct labor = 400 x $40 = $16,000

variable overhead = 400 x 2 x $16 = $12,800

fixed overhead = $20,000

total = $74,800

production cost per unit (Q2) = $187

total production costs third quarter:

materials = 100 x $65 = $6,500

direct labor = 100 x $40 = $4,000

variable overhead = 100 x 2 x $16 = $3,200

fixed overhead = $20,000

total = $33,700

production cost per unit (Q3) = $337

2) total production costs second quarter:

materials = 400 x $65 = $26,000

direct labor = 400 x $40 = $16,000

variable overhead = 400 x 2 x $16 = $12,800

fixed overhead = ($80,000 / 1,250) x 400 = $25,600

total = $80,400

production cost per unit (Q2) = $201

total production costs third quarter:

materials = 100 x $65 = $6,500

direct labor = 100 x $40 = $4,000

variable overhead = 100 x 2 x $16 = $3,200

fixed overhead = ($80,000 / 1,250) x 100 = $6,400

total = $20,100

production cost per unit (Q3) = $201

Matt inherited as a trust a fifteen-year annuity-immediate with annual payments. He has been told that the annuity payments earn compound interest at a level rate and that at the end of fifteen years, their accumulated value will be $37,804.39. He has further been assured that figured at this same rate of interest, the value of his inheritance was $15,077.10. The trust executor will not reveal the amount of the annual payments. Determine this amount and also the annual effective interest rate earned by the annuity payments.

Answers

Answer:

effective annual interest rate = 6.32%

annual payment = $1,585

Explanation:

I believe that this is an ordinary annuity, so we can use the future and present value of an ordinary annuity formula:

FV = annual payment x FV annuity factor, so annual payment = FV / FV annuity factor

PV = annual payment x PV annuity factor, so annual payment = PV / PV annuity factor

we can equal both equations:

PV / PV annuity factor = FV / FV annuity factor

FV / PV = FV annuity factor / PV annuity factor

$37,804.39 / $15,077.10 = FV annuity factor / PV annuity factor

2.5074 = FV annuity factor / PV annuity factor

the easiest way to solve this is to use an annuity table since we already know that there are 15 periods (I used an excel spreadsheet):

%,15 periods      FV annuity factor     PV annuity factor        FV/PV

1                                 16.097                   13.865                      1.1609

2                                17.293                   12.849                      1.34586

3                                18.599                    11.938                      1.55797

4                               20.024                     11.118                       1.80104

5                                21.579                   10.380                      2.07890

6                               23.276                   9.7122                       2.3966

7                                25.129                   9.1079                       2.7590

8                                27.152                   8.5595                       3.1721

9                                29.361                   8.0607                      3.6425

10                               31.772                   7.6061                         4.4112

The interest rate must be between 6 and 7%:

%,15 periods      FV annuity factor     PV annuity factor        FV/PV

6                               23.276                   9.7122                       2.3966

6.1                             23.45404              9.6461                       2.43145

6.2                            23.63369              9.5858                      2.46549

6.3                            23.81491               9.52467                     2.50034

6.31                           23.83312               9.51851                     2.50387

6.32                          23.85135               9.51236                     2.5074

6.4                            23.99773              9.46337                     2.53585

effective interest rate = 6.32% per year

annual payment = $37,804.39 / 23.85135 = $1,585

           

(c) Which of the following statements are true? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) If a customer orders more frequently, but orders the same total number of units over the course of a year, the customer margin under activity based costing will decrease. unanswered If a customer orders more frequently, but orders the same total number of units over the course of a year, the product margin under a traditional costing system will decrease. unanswered If a customer orders more frequently, but orders the same total number of units over the course of a year, the customer margin under activity based costing will be unaffected. unanswered If a customer orders more frequently, but orders the same total number of units over the course of a year, the product margin under a traditional costing system will be unaffected. unanswered

Answers

Answer:

Customer and Product Margin under Activity-based Costing and Traditional Costing

True Statements:

1. If a customer orders more frequently, but orders the same total number of units over the course of a year, the customer margin under activity based costing will decrease.

2. If a customer orders more frequently, but orders the same total number of units over the course of a year, the product margin under a traditional costing system will be unaffected.

Explanation:

Customer Margin is the difference between the total revenue generated from a customer minus the acquisition and service costs.   In the above instance, the customer margin decreases because of the costs of servicing the customer's frequent orders.  Customer service costs are usually higher with more frequent orders, when activity-based costing is employed because frequent orders increase the activity level and the associated costs.

Product Margin is the profit margin generated per product.   It is the markup on the cost of the product.  It shows the difference in amount between the selling price and the manufacturing cost.  Frequent orders cannot change the product margin under the traditional costing technique unlike it does with the activity-based costing technique.

Answer:

Customer and Product Margin under Activity-based Costing and Traditional Costing

Explanation:gey

A can of dog food is on sale for 20% off the original price. If the original price is $1.35, what is the discount?

Answers

Answer:

this is pretty simple $ 00.27

A luxury bathtub manufacturer offered scented bubble bath foams and massage coupons as a gimmick when their bathtubs did not sell. Their bubble foam became famous among some women and led to a line of exclusive bath products for women. They established shops in various regional locations and roped in celebrities to market their products to enhance sales. Now its products are sold through retail outlets and online sites throughout the world. Which of the following is accurate?a. Roping in celebrities to market their products was an emergent strategy.b. Creating a sub-brand that offered exclusive bath products for women was an emergent strategy.c. Establishing shops in regional locations was an emergent strategy.d. Creating a worldwide presence through retail outlets and online sites was an emergent strategy.e. Offering scented bubble bath foams and massage coupons was an emergent strategy.

Answers

Answer:

Option B: Creating a sub-brand that offered exclusive bath products for women was an emergent strategy.

Explanation:

John Wiggins is considering the purchase of a small restaurant. The purchase price listed by the seller is $890,000. John has used past financial information to estimate that the net cash flows (cash inflows less cash outflows) generated by the restaurant would be as follows: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
Years Amount
1-6 $89,000
7 79,000
8 69,000
9 59,000
10 49,000
If purchased, the restaurant would be held for 10 years and then sold for an estimated $790,000.
Required:
Determine the present value, assuming that John desires an 11% rate of return on this investment. (Assume that all cash flows occur at the end of the year.) (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.)

Answers

Answer:

$763,057

Explanation:

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 1-6 =  $89,000

Cash flow in year 7 = 79,000

Cash flow in year 8 = 69,000

Cash flow in year 9=  59,000

Cash flow in year 10 =  49,000 +  $790,000 = 839,000

I = 11%

Present value = $763,057

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

Dalinda loves her BMW Z4 car. It handles well around corners and has plenty of kick to make driving a pleasure. She takes the Z4 in regularly to the BMW dealership shop for oil changes, maintenance, and services, and she continues to experience quality service each time. She trusts the brand and recommends purchasing BMW cars to her friends and family. What is the best way to describe what Dalinda’s collective brand experience with BMW?

Answers

Dalinda’s experience with the brand is pretty bias on there side of things and hers as well. In all she is very happy with the outcome of having a BMW brand car and I’m pretty sure would be excited to have one of her relatives and friends buy a BMW brand car too.

Financial Statements of a Manufacturing Firm The following events took place for Focault Inc. during July 20Y2, the first month of operations as a producer of road bikes: Purchased $598,700 of materials Used $514,900 of direct materials in production Incurred $444,000 of direct labor wages Applied factory overhead at a rate of 70% of direct labor cost Transferred $1,218,900 of work in process to finished goods Sold goods with a cost of $1,185,400 Sold goods for $2,121,900 Incurred $509,700 of selling expenses Incurred $189,700 of administrative expenses a. Prepare the July income statement for Focault. Assume that Focault uses the perpetual inventory method. Focault Inc. Income Statement For the Month Ended July 31, 20Y2 $ $ Selling and administrative expenses: $ Total selling and administrative expenses $ b. Determine the inventory balances at the end of the first month of operations. Materials inventory, July 31 $ Work in process inventory, July 31 $ Finished goods inventory, July 31 $

Answers

Answer and Explanation:

The Preparation of the July income statement for Focault is shown below:-

Focault Inc.

Income Statement

For the Month Ended July 31

Particulars                              Amount

Sales                                        $2,121,900

Cost of goods sold                 $1,185,400

Gross profit                             $936,500

Selling and administrative expenses:  

Selling expenses             $509,700

Administrative expenses $189,700

Total selling and administrative

expenses                                 $699,400

Net operating income              $237,100

b. The computation of inventory balances at the end of the first month of operations is shown below:-

Particulars                                                Amount

Materials inventory, July 31                    $83,800

($598,700 - $514,900)  

Work in process inventory, July 31       $50,800

($514,900 + $444,000 + ($444,000 × 70%) - $1,218,900)  

Finished goods inventory, July 31          $33,500

($1,218,900 - $1,185,400)

Ms. Shaver, a single taxpayer, has $213,000 taxable income, which includes a $19,580 qualified dividend from Benbow Inc. Use Tax rates for capital gains and qualified dividends. Required: Compute her income tax on this dividend assuming that on the basis of Ms. Shaver’s instruction, Benbow made a $19,580 direct deposit into her bank account. Compute her income tax on this dividend assuming that on the basis of Ms. Shaver’s instruction, Benbow reinvested the dividend in additional Benbow shares.

Answers

Answer:

Reinvested will be "$ 2,937". The further explanation is given below.

Explanation:

According to the IRS, on either the order of the corresponding lender, the cash dividend earned or reinvested seems to be taxable during the same year.

Income tax on dividend will be:

⇒  [tex]19,580\times 15 \ percent[/tex]

⇒  [tex]2,937[/tex] ($)

When the amount is reinvested, the income tax will be:

⇒  [tex]19,580\times 15 \ percent[/tex]

⇒  [tex]2,937[/tex] ($)

A local government operates on a calendar-year basis. Prepare journal entries to record the following transactions and events for calendar year 2018.
1. On February 1, 2018, borrowed $400,000 on tax anticipation notes (TANs). The TANs will be repaid with 1.0 percent interest on January 31, 2019.
2. To prepare for issuing financial statements for 2018, accrue interest on the TANs through December 31, 2018
3. Invested $100,000 in a certificate of deposit (CD) on April 1, 2018. The CD, which pays interest of 0.8 percent, will mature on September 30, 2018.4. The CD matured on September 30, 2018.

Answers

Answer:Please find answers in explanation column

Explanation:

1. Journal to record Short term borrowing

Date                 Account title                             Debit                  Credit

Feb. 1, 2018     Cash                                         $400,000

Tax anticipation notes payable                                                   $400,000

2.Journal to record  accrued interest payable on TAN)

Date                 Account title                             Debit                  Credit

Dec. 31, 2018   Expenditures – interest            $3,666.67  

Accrued interest payable                                                            $3,666.67  

Calculation :Accrued interest=  Principal x rate x period (time)

$400,000 x 1% x 11/12= $3,666.67  

3. Journal to record investment in  CD

Date                 Account title                             Debit                  Credit

April 1, 2018       Investments                            $100,000

                            Cash                                                                    $100,000

4.Journal To record redemption of CD with interest

Date                 Account title                             Debit                  Credit

Sept. 30, 2018          Cash                       $100,400

                               Investments                                                    $100,000

Cash Revenues – interest income                                                      $400

Calculation

Accrued Interest

Principal x rate x period (time= )100, 000 x 0.8 %x 6/12)= $400

Cash = Investment + interest= $100,000 + $400 = $100,400

You’ve observed the following returns on Yamauchi Corporation’s stock over the past five years: −10 percent, 24 percent, 21 percent, 11 percent, and 8 percent. The average inflation rate over this period was 3.1 percent and the average T-bill rate over the period was 4.1 percent. a. What was the average real return on the stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. What was the average nominal risk premium on the stock? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Answers

Answer:

Year   Return

1           -0.10

2           0.24

3           0.21

4           0.11

5           0.06

            0.540

Average return = 0.540 / 5

Average return =0.108

Average return = 10.80%

a. Average Real Return = [( 1 + Average return) / (1+ inflation rate)] - 1

Average Real Return = [(1+0.1080)/(1+0.081)] - 1

Average Real Return = 0.0747

Average Real Return = 7.47%

b. Average Nominal Risk Premium = Average Return - Risk free rate

Average Nominal Risk Premium = 0.1080 - 0.041

Average Nominal Risk Premium = 0.067

Average Nominal Risk Premium = 6.70%

The average real return on the stock is 7.47% while the average nominal risk premium on the stock is 6.70%.

From the information given, the average return will be calculated thus:

= 0.540 / 5

= 0.108

Average return = 10.80%

Therefore, the average real return will be:

= [( 1 + Average return) / (1+ inflation rate)] - 1

= [(1+0.1080) / (1+0.081)] - 1

= 0.0747

= 7.47%

Also, the average nominal risk premium will be:

= Average Return - Risk free rate

= 0.1080 - 0.041

= 0.067

= 6.70%

Therefore, the average real return on the stock is 7.47% while the average nominal risk premium on the stock is 6.70%.

Read related link on:

https://brainly.com/question/20369023

You are faced with the probability distribution of the HPR on the stock market index fund given in Spreadsheet 5.1 of the text. Suppose the price of a put option on a share of the index fund with exercise price of $110 and time to expiration of 1 year is $12, and suppose the risk-free interest rate is 6% per year. You are contemplating investing $107.55 in a 1-year CD and simultaneously buying a call option on the stock market index fund with an exercise price of $110 and expiration of 1 year. What is the probability distribution of your dollar return at the end of the year

Answers

Answer:

Follows are the solution to this question:

Explanation:

The price of one share plus one choice for the index fund is $112. Its distribution of HPR probabilities on the portfolio is:  

[tex]\boxed{\left \begin{array}{cccc} \text{economy states} & \text{Probability}& \text{Endig price+Put+Dividend}&HPR\\ Excellent &0.25& \$ 131.00& \frac{(131-112)}{112} = 17\% \\Good &0.45&\$ 114.00& \frac{(114-112)}{112} = 1.8 \% \\poor &0.25& \$ 113.00& \frac{(113.50 -112)}{112} = 1.3 \% \\ Crash&0.5& \$ 112.00& \frac{(112-112)}{112} = 0.0 \% \end{array}\right}[/tex] The chances of dollar return distributions on the CD plus call option can be defined in the attached file please find it:

On February 5, 2018, Cinch Rental Corporation's board of directors declared a dividend of $0.35, to be paid on March 18, 2018, to the shareholders of record as of the close of business on March 9, 2018. Cinch has 6,200,000 shares of $0.01 par-value common stock authorized with 900,000 shares issued and outstanding. The company has no preferred stock.

Required:
Record the declaration of the explanations from any journal entries) dividend and the payment of the dividend.

Answers

Answer:

Feb 5

Dr Cash dividend (900,000 shares*.35) 315,000

Cr Dividend payable 315,000

Mar 18

Dr Dividend payable 315,000

Cr Cash 315,000

Explanation:

Preparation of the Journal entry to Record the declaration of the payment of the dividend.

Based on the information given we were told that the on Feb 5 the board of directors declared dividend of the amount of $0.35, which is to be paid on March 18 including 900,000 shares that was issued and outstanding which means that the company Journal entries will be:

Feb 5

Dr Cash dividend (900,000 shares*.35) 315,000

Cr Dividend payable 315,000

Mar 18

Dr Dividend payable 315,000

Cr Cash 315,000

Suppose that lower production costs increases the supply of wheat, such that more wheat is supplied at each price level. After the increase in supply, the equilibrium quantity _____.

Answers

Answer:

Equilibrium quantity Increase

Explanation:

Equilibrium quantity is the level of supply that's meet the market demand of a product. At equilibrium quantity, there is no excess supply nor shortage in quantity supplied.

Should the cost of producing wheat decline, farmers will supply more wheat in the market.  An increase in supply without a corresponding increase in demand results in reduced prices. Many suppliers will complete with few buyers. Due to a decline in prices, the equilibrium quantity increases because farmers will sell more quantities at the new low prices. The supply and demand curves will intersect a higher position in the graph, reflecting the new point where increased supply meets the demand at lower prices.

cite three real life situations where quadratic equations are illustrated. Formulate quadratic equations out of these situations then describe each.​

Answers

Answer:

I want to know the sides of a pizza if the width is 9 inches larger than the height and the area is 250 squared inches.

My brother wants to know how long his bed is if it has an area of 2m and the width is .5m larger than the height.

My father wants to know whats the size of a football field if the area is 57,600 square feet given that the length is 200 ft larger than the width.

Explanation:

To solve this you just have to think on the unknown value and represent it as "X" in the first problem we do not know the length or width but we have a values given between them, so if "x" is the height then the width becomes "x+9" so those two values multiplied become the area.

[tex]x(x+9)=250\\x^{2} +9x=250\\x^{2} +9x-250=0\\[/tex]

With this you just keep solving the others.

My brother wants to know how long his bed is if it has an area of 2m and the width is .5m larger than the height.

2m as an area and the height is "x"

[tex]x(x+-5)=2\\x^{2} +.5x=2\\x^{2} +.5x-2=0\\[/tex]

My father wants to know whats the size of a football field if the area is 57,600 square feet given that the length is 200 ft larger than the width.

57,600 is the area and width will be "x"

[tex]x(x+200)=57,600\\x^{2} +200x=57,600\\x^{2} +200x-57,600=0\\[/tex]

Company began operations in 2019 and determined its ending inventory at cost and at lower-of-LIFO cost-or-market at December 31, 2019, and December 31, 2020. This information is presented below:
Cost Lower-of-Cost-or-Market
12/31/19 $356,000 $327,000
12/31/20 420,000 395,000
(a) Prepare the journal entries required at December 31, 2019, and December 31, 2020, assuming that the inventory is recorded at market, and a perpetual inventory system (cost-of-goods-sold method) is used. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit 12/31/19 12/31/20
(b) Prepare journal entries required at December 31, 2019, and December 31, 2020, assuming that the inventory is recorded at market under a perpetual system (loss method is used). (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit 12/31/19 12/31/20
(c) Which of the two methods above provides the higher net income in each year?

Answers

Answer:

1. 12/31/19

Dr Cost of Goods Sold29,000

Cr Allowance to reduce29,000

Inventory to Market

12/31/20

Dr Allowance to Reduce 4,000

Inventory to Market

Cr Cost of Goods Sold 4,000

2. 12/31/19

Dr Loss due to market 29,000

Decline of Inventory

Cr Allowance to reduce29,000

Inventory to Market

12/31/20

Dr Allowance to Reduce 4,000

Inventory to Market

Cr Loss due to market 4,000

Decline of Inventory

C) Both the two methods provides the same net income each year

Explanation:

1. Preparation of the journal entries for both December 31, 2019, and December 31, 2020, assuming that the inventory is recorded at market, and perpetual inventory system

First step is to compute for inventory to market for December 31, 2019 and December 31, 2020

December 31, 2019

Cost of inventory at 12/31/19 $356,000

Less:Lower of cost or market at 12/31/19 (327,000)

Allowance amount needed to reduce inventoryto market (a)$29,000

December 31, 2020

Cost of inventory at 12/31/20 $420,000

Less: Lower of cost or market at 12/31/20(395,000)

Allowance amount needed to reduce inventoryto market (b)$25,000

Second step is to find the Recovery of previously recognized loss amount

Recovery of previously recognized loss = (a) – (b)

Recovery of previously recognized loss= $29,000 - $25,000

Recovery of previously recognized loss= $4,000

Now let prepare the Journal entry for December 31, 2019 and December 31, 2020

12/31/19

Dr Cost of Goods Sold29,000

Cr Allowance to reduce29,000

Inventory to Market

12/31/20

Dr Allowance to Reduce 4,000

Inventory to Market

Cr Cost of Goods Sold 4,000

2. Preparation for the journal entries for both Dec. 31, 2019 and Dec 31, 2020,assuming that the inventory is recorded at market under a perpetual system

12/31/19

Dr Loss due to market 29,000

Decline of Inventory

Cr Allowance to reduce29,000

Inventory to Market

12/31/20

Dr Allowance to Reduce 4,000

Inventory to Market

Cr Loss due to market 4,000

Decline of Inventory

C) Both the two methods provides the same net income each year

For a Windows laptop, what is the best way to save power when the computer will not be used for an extended period?

A. Sleep the system
B. Turn off by power button
C. Use battery power
D. Hibernate the system

Answers

Answer:

b turn off by power button

Jason Day Company had bonds outstanding with a maturity value of $300,000. On April 30, 2020, when these bonds had an unamortized discount of $10,000, they were called in at 104. To pay for these bonds, Day had issued other bonds a month earlier bearing a lower interest rate. The newly issued bonds had a life of 10 years. The new bonds were issued at 103 (face value $300,000).

Required:
Compute the gain or loss.

Answers

Answer: Loss of $22,000

Explanation:

Gain (loss) = Net Carrying Value of Bonds recalled - Price bond called at

Net Carrying Value of Bonds

= Par value - Unamortized discount

= 300,000 - 10,000

= $290,000

Gain (loss) = 290,000 - (300,000 * 104)

= ($22,000)


Markets can be characterized by the lifepan of the
assets traded. The market for assets with
a life of less than One
year is

Answers

Answer:

Money markets

Explanation:

The money market is a formal exchange market that brings together lenders and borrowers of short-term debt securities. The money market facilitates governments and corporates to sell short-term securities to meet their cash flow shortages.

Money markets enable institutional and retail investors with excess cash flow to invest in quality short-term investments. The money markets provide investors with options for investments and diversification.

Why is ethics important in business give an example of how an unethical practice can affect a business

Answers

Answer:

being ethical ensures a trustworthy reputation in business, and will make sure your less likely to be sued for malpractice or involved in a major scandal. for an example, probably just make a unethical financial situation or involving social or environmental ethics

Which characteristic describes the privatization of Social Security?
A. increases the employer’s contribution to Social Security
B. raises the retirement age to claim full benefits to 70
C. enables Americans to invest their Social Security contributions in the stock market
D. reduces benefits across the board by 13 percent
E. obtains a loan from the Fed

Answers

Answer:

the answer is C because it makes sense...

Enables Americans to invest their Social Security contributions in the stock market - describes the privatization of Social Security. Hence option C is correct.

What are the characteristic of the privatization of Social Security?

Privatization of Social Security refers to a proposal where individuals are allowed to invest their Social Security contributions into individual retirement accounts (IRAs) or other investments instead of the government-managed Social Security Trust Fund.

Under this system, individuals would have control over their retirement funds and would be able to invest in the stock market, bonds, and other financial instruments. This would also mean that individuals would be responsible for managing their own retirement funds and bearing the associated risks.

Options A and B do not describe privatization but rather refer to potential changes in the current Social Security system.  A reduction in benefits, which is not necessarily associated with privatization. Option E is not related to the privatization of Social Security at all, but rather refers to obtaining a loan from the Federal Reserve.

Learn more about privatization here

https://brainly.com/question/7972968

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Refer to the following items on the balance sheets of a firm for the years ending December 31, 2018 and 2019.
Item 2018 2019
Accounts Payable $729,500 $917,300
Long Term Debt $1,267,700 $1,093,400
Common Stock ($1 par) $2,184,000 $2,471,300
Retained Earnings $3,227,100 $3,419,800
If the firm's interest expense on its 2019 income statement was $312,920, calculate the net cash flow to the firm's creditors in 2019.
a) $312,920
b) $138,620
c) $425,920
d) $487,220

Answers

Answer: d) $487,220

Explanation:

The net cash flow to creditors in 2019 is calculated by the formula;

= Long term debt in 2018 - Long term debt in 2019 + Interest expense in 2019

= 1,267,700 - 1,093,400 + 312,920

= $‭487,220‬

Mickey is a 12-year-old dialysis patient. Three times a week for the entire year he and his mother, Sue, drive 20 miles one way to Mickey’s dialysis clinic. On the way home, they go 10 miles out of their way to stop at Mickey’s favorite restaurant. Their total round trip is 50 miles per day. How many of those miles, if any, can Sue use to calculate an itemized deduction for transportation? Use the mileage rate in effect for 2019.

Answers

Answer:

The right approach will be "$ 1123.2".

Explanation:

The number of miles to be used will be:

= [tex]40 \ miles \ round \ trip\times 3 \ trips \ per \ week\times 52 weeks[/tex]

= [tex]6240 \ miles[/tex]

Now,

The item deduction will be:

= [tex]Number \ of \ used \ miles\times 18 \ cents \ per \ mile[/tex]

= [tex]6240\times 1123.2[/tex]

= [tex]1123.2[/tex] ($)

The 2017 Annual Report of Tootsie Roll Industries contains the following information. (in millions) December 31, 2017 December 31, 2016 Total assets $930.9 $920.1 Total liabilities 197.1 208.6 Net sales 515.7 517.4 Net income 80.7 67.2 Compute the following ratios for Tootsie Roll for 2017. (a) Asset turnover (Round answer to 3 decimal places, e.g. 0.851 times.) enter the asset turnover rounded to 4 decimal places times (b) Return on assets (Round answer to 2 decimal places, e.g. 4.87%.) enter the return on assets in percentages rounded to 2 decimal places % (c) Profit margin on sales (Round answer to 2 decimal place

Answers

Answer:

a. 0.557 times

b. 8.72%

c. 0.16

Explanation:

a. Asset turnover = Net sales ÷ Average total assets

We will calculate the average total asset first

Average total asset = [Beginning total assets - ending total assets)] / 2

= [(930.9 + 920.1)] / 2

= 925.5

Asset turnover = 515.7/925.5

= 0.557 times

b. Return on assets = Net income/Average total assets

= 80.7/925.5

= 0.087196

= 0.087196 × 100

= 8.72%

c. Profit margin on sales = Net income/Net sales

= 80.7/515.7

= 0.16

Instructions: Round your answers to 2 decimal places. If you are entering a negative number include a minus sign. a. Using the midpoint method, what is the price elasticity of demand from a price of $4.00 to a price of $4.50 per iced coffee? , and demand is said to be price (Click to select) . b. Using the midpoint method, what is the price elasticity of demand from a price of $2.00 to a price of $3.00 per iced coffee? , and demand is said to be price (Click to select) . c. Using the midpoint method, what is the price elasticity of demand from a price of $0.50 to a price of $1.00 per iced coffee? , and demand is said to be price (Click to select) .

Answers

Answer:

The answer is below

Explanation:

The graph is attached below.

a) The price elasticity of demand is given by:

price elasticity of demand = [tex]\frac{\%\ change\ in\ quantity }{\%\ change\ in\ price}=\frac{\Delta Q}{\Delta P}[/tex]

[tex]\Delta Q=\frac{Q_2-Q_1}{(Q_2+Q_1)/2} \\\\\Delta P=\frac{P_2-P_1}{(P_2+P_1)/2}[/tex]

Price of elasticity demand =   [tex]\frac{\frac{Q_2-Q_1}{(Q_2+Q_1)/2} }{\frac{P_2-P_1}{(P_2+P_1)/2} }[/tex]

Price of elasticity demand =   [tex]\frac{\frac{50-100}{(50+100)/2} }{\frac{4.5-4}{(4.5+4.0)/2} }=\frac{-0.6667}{0.1176} =5.7[/tex]

Since the price of elasticity demand > 1, it is elastic

b) Price of elasticity demand =   [tex]\frac{\frac{200-300}{(200+300)/2} }{\frac{3-2}{(3+2)/2} }=\frac{-0.4}{0.4} =1[/tex]

Since the price of elasticity demand = 1, it is unitary

c) Price of elasticity demand =   [tex]\frac{\frac{400-450}{(400+450)/2} }{\frac{1-0.5}{(1+0.5)/2} }=\frac{-0.1176}{0.6667} =0.18[/tex]

Since the price of elasticity demand < 1, it is inelastic

When you introduce your product to a focus group or a small geographical location, which activity does it signify?

Answers

It is a test market or beta test.

Royal Company wants to raise $51.5MM to open a plant overseas. To achieve this goal, the company decides to do an underwritten IPO to raise the funds. It hires an investment bank, who estimates that legal, accounting, SEC, taxes and other direct costs will be $1,455,000. Royal anticipates that its indirect costs associated with the process will total $587,934. The investment bank also estimates that the IPO shares can be priced at $31 per share. Royal Company agrees to pay the investment bank a 9.5% spread. How much money does Royal Company actually receive from the IPO after direct expenses

Answers

Answer: $51.5MM

Explanation:

Royal Company wants to raise $51.5MM for the plant and this is the amount they will receive from the IPO after direct expenses.

As for the Direct expenses, Royal Company will raise an amount that will account for the amount of $51.5MM that they want to raise and still pay off any expenses (including direct expenses) that arise.

In other words, They will raise more than $51.5MM so that they may be able to get $51.5MM.

The city of Ashkelon, on the eastern end of the Mediterranean Sea, is one of the major cities of the Philistines. A powerful merchant family (known henceforth as The Family) of this city has to decide how to allocate its vast but finite resources to further their own wealth and the glory and influence of their state. Some trade routes use camel caravans and go to the southern deserts, where they may trade in salt and gold with the great inland African nations; others may go north and west, oversea by galley, toward the Greeks; others may push their foul-mouthed, humped mounts east, overland toward Sumeria, to trade in spices and the crafted goods specific to that region. Some of the routes are over more arduous terrain than others, so make take longer to pay off (no revenue is realized by The Family until the caravan returns to Ashkelon). The financial costs and returns of each route are as follows (in Phils, the currency of the Philistines:
Route Costs,Period 0 Revenue, Period1 Revenue, Period 2 Revenue, Period 3
African Route - 75,000 215,000
Greek Route - 50,000 140,000
Sumerian Route -125,000 385,000
Costs are incurred at the end of year zero, and revenues accrue at the end of Periods 1, 2, and 3, for each respective route (for instance, the African caravan returns at the end of period two, at which time its revenue is realized). The discount rate for the shipping company is 5%.
a. Calculate the NPV, B/C ratio, Payback period, and IRR for each route option
b. Rank the route options according to NPV, B/C ratio, Payback period, and IRR
c. If the company had unlimited funds, which trade routes would you recommend the family pursue? Why? Be sure to consider all combinations of routes, including multiple caravans on the same trade route
d. Given that the family can only invest 150,000 Phils, which combination of trade routes would you recommend pursuing? Why?

Answers

Answer:

African Route costs = -75,000, period 1 revenues = 215,000

Greek Route costs = -50,000, period 2 revenues = 140,000

Sumerian Route costs = -125,000, period 3 revenues = 385,000

discount rate = 5%

a) African route:

NPV = -75,000 + 215,000/1.05 = 129,762

B/C ratio = 215/75 = 2.87

Payback = 1 period

IRR = 187%

Greek route:

NPV = -50,000 + 140,000/1.05² = 76,984

B/C ratio = 140/50 = 2.8

Payback = 2 periods

IRR = 67%

Sumerian route

NPV = -125,000 + 385,000/1.05³ = 332,577

B/C ratio = 385/125 = 3.08

Payback = 3 periods

IRR = 45%

b) rank according to:

NPV = Sumerian route, African route, Greek route

B/C ratio = Sumerian route, African route, Greek route

Payback = African route, Greek route, Sumerian route

IRR = African route, Greek route, Sumerian route

c) if the family had unlimited resources, they should invest in the 3 routes since all their NPVs are positive.

d) African and Greek routes since they yield the highest gains (IRR).

You sell $4,000 per week in bags of dog food at 30% margin. You sell $3,000 per week in dog toys at 45% margin. Which generates more margin for you?

Answers

The dog toys big man boss

Tickets Now contracts with the producer of Riverdance to sell tickets online. Tickets Now charges each customer a fee of $4 per ticket and receives $10 per ticket from the producer. Tickets Now does not take control of the ticket inventory. Average ticket price for the event is $150. How much revenue should Tickets Now recognize for each Riverdance ticket sold? Group of answer choices $14 because both the fee from the customer and the producer are earned $150 because the $140 is cost of goods sold paid to the Riverdance producer None of the above $186 because the $140 is cost of goods sold paid to the Riverdance producer $4 because the $10 from the producer is similar to a negative cost of goods sold

Answers

Answer:

The correct option: $14 because both the fee from the customer and the producer are earned

Explanation:

Based on the information given we were told that Tickets Now charges each of their customer a fee amount of $4 per ticket in which they receives the amount of $10 per ticket from the producer which means that the amount of revenue Tickets should Now recognize for each Riverdance ticket they sold will be $14 ($10 per ticket +$4 per ticket) because both the fee from the customer and the producer are earned.

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