Tybalt Construction's income statement showed a net income of $3,300 for the year ended December 31. The statement of owner's equity indicated an ending balance of $116,700 in O. Tybalt, Capital. The classified balance sheet showed total assets of $223,100 and total liabilities and owner's equity of $223,100. Closing entries were made to transfer revenue and expense balances to the owner's equity account.
Income Statement for the year ended December 31
Revenue
Services revenue $97,000
Rent revenue $14,000
Interest revenue $4,100
Total revenue $115,100
Expenses
Depreciation expense—Building $11,000
Depreciation expense—Equipment $6,000
Wages expense $52,900
Interest expense $5,100
Insurance expense $10,000
Rent expense $13,400
Supplies expense $7,400
Property taxes expense $5,000
Total expenses $111,800
Net income $3,300
Statement of Owner's Equity for the year ended December 31
O. Tybalt, Capital, January 1 $121,400
Add: Additional investment $5,000
Less: Withdrawals $13,000
Net income $3,300
O. Tybalt, Capital, December 31 $116,700
Classified Balance Sheet at December 31
Assets
Current assets:
Cash $10,000 (101)
Supplies $31,100 (126)
Prepaid insurance $7,000 (128)
Total current assets $48,100
Long-term assets
Equipment $40,000 (167)
Accumulated depreciation—Equipment ($20,000) (168)
Building $150,000 (173)
Accumulated depreciation—Building ($50,000) (174)
Land $55,000 (183)
Total long-term assets $175,000
Total assets $223,100
Liabilities and Owner's Equity
Current liabilities
Accounts payable $16,500 (201)
Interest payable $2,500 (203)
Rent payable $3,500 (208)
Wages payable $2,500 (210)
Property taxes payable $900 (213)
Unearned revenue $14,500 (236)
Total current liabilities $40,400
Long-term liabilities
Long-term notes payable $60,000 (251)
Total long-term liabilities $60,000
Owner's equity
O. Tybalt, Capital $116,700 (301)
Total liabilities and owner's equity $223,100
Closing Entries at December 31
Revenue accounts
Debit Services revenue $97,000
Debit Rent revenue $14,000
Debit Interest revenue $4,100
Credit Income Summary $115,100
Expense accounts
Debit Depreciation expense—Building $11,000
Debit Depreciation expense—Equipment $6,000
Debit Wages expense $52,900
Debit Interest expense $5,100
Debit Insurance expense $10,000
Debit Rent expense $13,400
Debit Supplies expense $7,400
Debit Property taxes expense $5,000
Credit Income Summary $111,800
Income Summary:
Debit Income Summary $3,300
Credit O. Tybalt, Capital $3,300
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in its first month of operations, literacy for the illiterate opened a new bookstore and bought merchandise in the following order: (1) 300 units at $7 on january 1, (2) 450 units at $8 on january 8, and (3) 750 units at $9 on january 29. assume 900 units are on hand at the end of the month. calculate the cost of goods available for sale, cost of goods sold, and ending inventory under the lifo. assume perpetual inventory
Assuming 900 units are on hand at the end of the month, under the Last In First Out (LIFO) method, the cost of goods available for sale is $7,550, the cost of goods sold is $5,850, and the ending inventory is $1,700.
The cost of goods available for sale is calculated by adding together all purchases made in the month:
300 x $7 = $2,100; 450 x $8 = $3,600; 750 x $9 = $6,750.
Therefore, the total cost of goods available for sale is $2,100 + $3,600 + $6,750 = $12,450.
The cost of goods sold is calculated by taking the cost of goods available for sale and subtracting the ending inventory. In this case, 900 units are on hand at the end of the month, so the cost of goods sold is $12,450 - (900 x $9) = $12,450 - $8,100 = $5,850.
The ending inventory is calculated by subtracting the cost of goods sold from the cost of goods available for sale. Therefore, the ending inventory is $12,450 - $5,850 = $1,700.
In summary, under the LIFO method, the cost of goods available for sale is $7,550, the cost of goods sold is $5,850, and the ending inventory is $1,700.
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After studying Iris Hamson’s credit analysis, George Davies is considering whether he can increase the holding period return on Yucatan Resort’s excess cash holdings (which are held in pesos) by investing those cash holdings in the Mexican bond market. Although Davies would be investing in a peso-denominated bond, the investment goal is to achieve the highest holding period return, measured in U.S. dollars, on the investment. Davies finds the higher yield on the Mexican one-year bond, which is considered to be free of credit risk, to be attractive but he is concerned that depreciation of the peso will reduce the holding period return, measured in U.S. dollars. Hamson has prepared selected economic and financial data to help Davies make the decision. Selected Economic and Financial Data for U.S. and Mexico Expected U.S. Inflation Rate 2 % per year Expected Mexican Inflation Rate 6 % per year U.S. One-year Treasury Bond Yield 4.0 % Mexican One-year Bond Yield 8.0 % Nominal Exchange Rates Spot 9.5030 Pesos = U.S. $1.00 One-year Forward 9.8737 Pesos = U.S. $1.00 Hamson recommends buying the Mexican one-year bond and hedging the foreign currency exposure using the one-year forward exchange rate. She concludes: "This transaction will result in a U.S. dollar holding period return that is equal to the holding period return of the U.S. one-year bond." a. Calculate the U.S. dollar holding period return that would result from the transaction recommended by Hamson. Show your calculations. State whether Hamson’s conclusion about the U.S. dollar holding period return resulting from the transaction is correct or incorrect. After conducting his own analysis of the U.S. and Mexican economies, Davies expects that both the U.S. inflation rate and the real exchange rate will remain constant over the coming year. Because of favorable political developments in Mexico, however, he expects that the Mexican inflation rate (in annual terms) will fall from 6 percent to 3 percent before the end of the year. As a result, Davies decides to invest Yucatan Resort’s cash holdings in the Mexican one-year bond but not to hedge the currency exposure. (Do not round intermediate calculations. Round your answer to 1 decimal place.)
In order to boost the holding period return calculated in U.S. dollars, George Davies is thinking about investing Yucatan Resort's excess cash holdings in the Mexican bond market.
Why is Mexican one-year bond but not to hedge the currency exposure?Hamson advises purchasing the Mexican one-year bond and using the one-year forward exchange rate to hedge the foreign currency exposure. She comes to the conclusion that the holding period return on this transaction will be equal to the holding period return on the US one-year bond. The formula below can be used to determine the transaction's return in U.S. dollars over the holding period: (Mexican Peso appreciation or depreciation) x (1 + Mexican Bond Yield) / (1 + U.S. Inflation Rate) – 1.Using this formula, the transaction that Hamson advised is expected to return 3.3% in U.S. dollars over the holding period. Hamson's assessment of the transaction's return in U.S. dollars over the holding period is accurate. Davies, on the other hand, opts not to hedge the currency exposure and anticipates that positive political developments in Mexico will cause the inflation rate there to drop from 6% to 3% before the year is out.
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yurman inc. uses a job-order costing system. during the month of may, the following transactions occurred: a. purchased materials on account for $29,670. b. requisitioned materials totaling $24,500 for use in production. of the total, $9,200 was for job 58, $8,900 for job 59, and the remainder for job 60. c. incurred direct labor of $32,400, with an average wage of $18 per hour. job 58 used 800 hours; job 59, 600 hours; and job 60, 400 hours. d. incurred and paid actual overhead of $17,880 (credit various payables). e. charged overhead to production at the rate of $4.80 per direct labor hour.
Job order costing is used by Yurman Inc. During the month of May, materials were purchased on account for $29,670 and requisitioned materials totaling $24,500 were used in production, with job 58 using $9,200, job 59 using $8,900, and the remainder going to job 60.
Direct labor of $32,400 was incurred with an average wage of $18 per hour. Overhead was incurred and paid at $17,880 and charged to production at $4.80 per direct labor hour.
Job order costing is an accounting system that is used by Yurman Inc. during the month of May. Materials were purchased on account for $29,670 and were requisitioned for production, with job 58 receiving $9,200, job 59 receiving $8,900, and the remainder going to job 60.
Direct labor was also incurred for $32,400 with an average wage of $18 per hour, with job 58 using 800 hours, job 59 using 600 hours, and job 60 using 400 hours.
Overhead was incurred and paid at $17,880 and charged to production at $4.80 per direct labor hour. This helps Yurman Inc. accurately track costs of materials, labor, and overhead associated with each job.
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assuming the law of one price holds, calculate the exhcange rate between u.s. dollars and yen if the price of steel in japan is 15000 yen per ton and the price in the u.s is 125 per ton
The exchange rate between the US dollar and yen is 120 yen/dollar.
Assuming the law of one price holds, calculate the exchange rate between US dollars and yen if the price of steel in Japan is 15000 yen per ton and the price in the US is 125 per ton.When the law of one price is assumed to be true, it implies that identical goods should have the same price everywhere. That is, the cost of a good in one country must equal the cost of the same good in another country after accounting for the exchange rate.
The cost of steel in Japan is 15000 yen per ton, while the cost in the United States is $125 per ton. To convert the price of steel in Japan from yen to US dollars, divide the price by the current exchange rate.X (exchange rate) = 15000 yen/$125=120 yen/dollar
Therefore, the exchange rate between the US dollar and yen is 120 yen/dollar.
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Well, first let me congratulate you on your recent promotion. Although we have not worked on an engagement together before, I have heard many good things about you. I look forward to working with you on the new Apollo Shoes engagement. Things have already gotten started so you’ll see that I’ve done quite a bit of the work but I really need your help. I have the client acceptance form on my desk but I haven't put it in the binder yet. I understand that this is your first engagement to work as an in-charge. Arnold Anderson will be the engagement partner; he is pretty sharp so you’ll have to stay on your toes. As engagement manager, I’ll try to help out as much as I can. Understand, however, that I am managing four other busy season engagements, so my interaction time with you will be limited. Taylor Crump is the staff associate assigned to the audit. For now, I want you to familiarize yourself with Apollo Shoes. I asked Taylor to complete a materiality memo, but it may be useful for you to do it as well as a way to get familiar with Apollo. I have a few questions for you to answer, it may seem basic but I find its the best way to get your feet underneath you. I have included all necessary documents in the binder. Read over the 2019 10-K then please answer the following questions:
1) List three relevant facts about Apollo Shoes that you think might have an impact on the financial statement audit.
2) Define what is meant by a significant account or disclosure.
3) Identify at least two significant accounts or disclosures from the financial statements of Apollo Shoes. What makes each item significant?
4) Define what is meant by a relevant assertion.
5) Identify at least one relevant assertion for each of the significant accounts or disclosures previously identified from the financial statements of Apollo Shoes. What makes each assertion relevant?
1. Total sales of 35% ,party transactions and company’s revenue.
2. It is a material effect on the financial statements.
3. Significant accounts and Long term debt.
4. An assertion about an account balance
5. Relevant assertions for inventory and long-term debt include accuracy.
1) Three relevant facts about Apollo Shoes that may have an impact on the financial statement audit are: (1) their major customer, Department Stores Inc., accounts for over 35% of total sales; (2) there are two related-party transactions; and (3) a significant amount of the company’s revenue comes from foreign sources.
2) A significant account or disclosure is an account or disclosure that has a material effect on the financial statements. These include items such as accounts receivable, inventory, long-term debt, and income taxes.
3) Significant accounts or disclosures from the financial statements of Apollo Shoes include inventory and long-term debt. Inventory is significant because it is one of the largest assets on Apollo Shoes’ balance sheet, accounting for 23.6% of total assets as of December 31, 2019. Long-term debt is significant because it has a significant effect on the company’s ability to finance operations. It is also an important source of financing and has a significant effect on the company’s cash flow.
4) A relevant assertion is an assertion about an account balance, such as accuracy, existence, completeness, or rights and obligations.
5) Relevant assertions for inventory and long-term debt include accuracy. Accuracy is relevant because it has an impact on the financial statements, while existence is relevant because it determines the company’s actual financial position.
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A buyer agrees to purchase a house for $234,500. The buyer pays $2,000 as earnest money and obtains a new mortgage loan for $167,500. The purchase contract provides for a March 15 closing. The buyer and the sellers prorate the previous year's real estate taxes of $4,880. 96, which have been prepaid. The buyer has additional closing costs of $2,250, and the sellers have other closing costs of $1,850. How much cash must the buyer bring to the closing
14-3.Give some examples of how technology is creating employer-employeerights and policy issues. Then suggest some possible actions thatmay be needed.
Technology is creating employer-employee rights and policy issues, but there are steps that can be taken to address these issues. By developing clear policies and procedures, providing training and education, and negotiating collective agreements, employers can ensure that their use of technology is both legal and ethical.
Technology has created numerous employer-employee rights and policy issues. For instance, companies now have the ability to track employees' online activity and monitor their usage of social media and email. Additionally, companies are increasingly using automated systems to replace traditional hiring and firing processes, making it difficult to determine whether or not employees are treated fairly. Furthermore, many companies are now using automated systems to conduct performance reviews, making it difficult for employees to understand and dispute their ratings.
To address these issues, companies should strive to create a clear and transparent policy for monitoring employee activity and hiring and firing processes. Additionally, companies should take steps to ensure that performance reviews are conducted in a fair and equitable manner. Furthermore, companies should provide employees with training on how to use automated systems and how to understand the performance review process. Finally, companies should create a safe and comfortable workplace environment where employees can voice any concerns they may have.
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An EY audit client listed in Hong Kong requests EY to propose on providing an assessment of its data confidentiality environment. You are unsure whether EY offers this type of service and if independence restrictions apply. What do you do?
1: You respond to the client that EY cannot provide this service to a listed audit client.
2:You start a PACE form for this service to identify the independence considerations.
3: You start by reviewing SORT for the service and identify the related independence considerations.
Based on the search results, the scenario you provided appears to be a part of a question related to EY. Without additional context, it is difficult to determine the best course of action. However, here are some general guidelines on how to approach such situations:
Review relevant policies and guidelines: You should first review EY's policies and guidelines to determine if it is permissible to provide the requested service to the audit client. This will also help you identify any potential independence considerations that need to be addressed.Seek guidance from a supervisor or Independence Professional: If you are unsure about whether the requested service can be provided to the audit client, it is best to seek guidance from a supervisor or Independence Professional at EY. They can provide you with guidance on how to proceed and ensure compliance with EY's policies and independence requirements.Start a PACE form: If it is determined that the requested service can be provided to the audit client, you should start a PACE form to identify and address any independence considerations. This will help ensure that EY maintains its independence and objectivity in providing the service.Overall, it is important to follow EY's policies and guidelines, seek guidance from appropriate sources, and address any potential independence considerations to maintain the integrity of the audit process.
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alexa can afford $228 a month for 5 years for a car loan. if the stated interest rate (apr) is 7.5 percent, how much can she afford to borrow to purchase a car? (round answer to nearest dollar)
If the stated interest rate (apr) is 7.5 percent, Alexa can afford to borrow $12,583 to purchase a car, rounded to the nearest dollar.
To calculate this, we will use the formula for calculating monthly loan payments, which is given by:`
Monthly Payment = P [ i(1 + i)^n ] / [ (1 + i)^n – 1]`
where P is the principal (the amount borrowed),
i is the monthly interest rate, and n is the number of months in the loan term.
To solve for the principal, we can rearrange the formula as follows:
`P = (Monthly Payment) [ (1 + i)^n – 1] / [ i(1 + i)^n ]`
We are given that Alexa can afford $228 per month for 5 years, or 60 months, and the APR is 7.5%.
To find the monthly interest rate, we first convert the APR to a decimal by dividing by 100:`
7.5% ÷ 100 = 0.075`
Then we divide the annual interest rate by 12 to get the monthly interest rate:`
0.075 ÷ 12 = 0.00625`
Now we can substitute the given values into the formula for the principal and solve:`
P = (228) [ (1 + 0.00625)^60 – 1] / [ 0.00625(1 + 0.00625)^60 ]`
Using a calculator,
P ≈ $12,583 (rounded to the nearest dollar)
Therefore, Alexa can afford to borrow $12,583 to purchase a car, rounded to the nearest dollar.
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Audience oriented writing means:
Group of answer choices
a. Presenting aides clearly and concisely and Looking at a problem from the receiver’s perspective
b. Presenting ideas clearly and concisely
c. Looking at a problem from the writers perspective
d. Looking at a problem from the receiver’s perspective
Audience oriented writing means d. looking at a problem from the receiver's perspective.
Audience-oriented writing is a way of composing material in a manner that caters to the needs of the intended audience. It includes the utilization of language, the delivery of information, and the appropriate usage of specialized terminology. The concept of audience-oriented writing signifies that the writing's principal focus should be on the reader rather than the writer. To accomplish this, the writer must determine their audience and make use of appropriate language and style to reach them.
In audience-oriented writing, the writer adopts a reader-centric approach, which means that they look at the problem from the reader's perspective, not their own. They must consider their readers' requirements, preferences, and expectations while composing the material. In this way, audience-oriented writing makes the writing more effective and appealing to the target audience. Therefore, the correct option is d) Looking at a problem from the receiver’s perspective.
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In an essay, discuss how does globalization and changing in the
economy led to the change in the market landscape? Please provide
references
Globalization and changing economy have a significant impact on the market landscape. These changes have resulted in a shift in the market landscape as businesses have had to adapt to the new economic environment. This essay discusses how globalization and changing economies led to changes in the market landscape.
Globalization has had a significant impact on the market landscape. It has resulted in increased competition, as businesses are no longer limited to their domestic markets. This has led to a rise in cross-border trade and investment, which has opened up new markets for businesses. As a result, businesses have had to adapt to the new economic environment and the increased competition by becoming more efficient and innovative.
Furthermore, globalization has led to changes in consumer behavior, as consumers are no longer limited to the products and services available in their domestic markets. This has led to a rise in demand for products and services that are globally available, which has led to an increase in cross-border trade.
Changing economies have also had a significant impact on the market landscape. Economic changes have led to changes in the demand for goods and services, which has resulted in a shift in the market landscape. As the economy grows and develops, the demand for goods and services changes. For instance, as the economy has shifted towards the service sector, the demand for goods has declined, while the demand for services has increased.
In addition, changing economies have led to a shift in the nature of employment, as businesses have had to adapt to the changing economic environment. This has resulted in a shift towards a more flexible and dynamic workforce, as businesses have had to respond to changing demands for goods and services.
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30 POINTS!!!!!!!!! PLEASE HELP, I'VE BEEN STUCK ON THIS FOR A WHILE!!!
question:
If you spend $250000 on a new car and it is depreciating about 25% per year, how much will it be worth by its fourth year?
Answer:49%
Explanation:
After two years, your car's value decreases to 69% of the initial value. After three years, your car's value decreases to 58% of the initial value. After four years, your car's value decreases to 49% of the initial value. After five years, your car's value decreases to 40% of the initial value
patents filed with the u.s. patent office: multiple choice are not disclosed to the public. are the property of the u.s. government. frequently suggest other new products. are only accessible to government agencies.
Patents filed with the U.S. Patent Office: are not disclosed to the public.
Patents filed with the U.S. Patent Office are not disclosed to the public. Instead, they are only available to authorized individuals and government agencies. It is because of the fact that patents are supposed to be kept confidential and secret until they have been granted.
The purpose of this is to prevent other people from stealing the invention or technology before the patent has been granted. Once a patent is granted, however, it becomes a matter of public record, and anyone can access it.
A patent gives the owner the exclusive right to use the invention or technology for a certain period of time. The United States government does not own the patents, but rather the inventor or owner of the invention. They are free to sell or license their patent to other individuals or companies.
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Based on economists' forecasts and analysis, one-year Treasury bill rates and liquidity premiums for the next four years are expected to be as follows:
R1 = 5.95 percent E(r2) = 6.25 percent L2 = 0.05 percent
E(r3) = 6.75 percent L3 = 0.10 percent
E(r4) = 7.15 percent L4 = 0.12 percent
Using the liquidity premium theory, what should be the current rate on four-year Treasury securities?
a. 6.59 percent
b. 7.13 percent
c. 6.75 percent
d. 6.82 percent
The current rate on four-year Treasury securities should be 6.82 percent, according to the liquidity premium theory.
What is current ?Current is the flow of electric charge or charge carriers such as electrons, protons, and ions in an electric circuit. It is measured in amperes and is the rate of flow of electric charge through a conductor. Current is what powers electrical devices and machines. It is also the cause of many electrical hazards such as electric shock. Electric current can be generated in many ways including battery, generator, solar cells, and hydroelectric power. The direction of the current is determined by the polarity of the voltage source.
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Consider a company founded with 1m shares of common equity, split amongst the founders. A year later the company raises $5M of Series A funding at a $10M pre-money valuation. After the money has gone into the firm, they establish an option pool of 20% of post-money shares outstanding. Approximately how many options are in the option pool? 1,500,000 2,142,857 428,570 375,000 None of the above
There are approximately 2,142,857 options in the option pool.
The stock option pool is the number of shares allocated to compensate and attract employees, board members, and consultants. The option pool is a component of a startup's total shares outstanding. The size of an option pool is usually 15-20% of the post-money outstanding shares.
What are Series A funding and pre-money valuation?Series A financing is a start-up's first significant round of venture capital fundraising. This funding is used to scale the company's growth, hire top talent, and develop a more extensive customer base. Pre-money valuation is the worth of a start-up before it receives funding from investors.
It is the sum of all the assets of the company minus the liabilities. The pre-money valuation helps to determine how much equity an investor would receive in exchange for their investment. Option Pool Calculation
20% of post-money shares outstanding goes to the option pool.
We can calculate the number of post-money shares outstanding by dividing the pre-money valuation by the price per share. The price per share is equal to the pre-money valuation divided by the number of shares before funding. The equation is as follows:
Price per share = Pre-money valuation / Shares before funding
Price per share = $10M / 1M shares = $10 per share
Post-money valuation = Pre-money valuation + Investment amount
Post-money valuation = $10M + $5M = $15M
Post-money shares outstanding = Post-money valuation / Price per share
Post-money shares outstanding = $15M / $10 = 1.5M shares
Option pool size = 20% of Post-money shares outstanding
Option pool size = 20% x 1.5M shares
Option pool size = 300,000 shares
Option pool in terms of percentage is 20% of post-money shares outstanding, which is 300,000 shares. We can convert this into the number of shares in the option pool by dividing it by the price per share. The price per share is equal to the pre-money valuation divided by the shares before funding.
Price per share = Pre-money valuation / Shares before funding
Price per share = $10M / 1M shares = $10 per share
Options in the option pool = Option pool size / Price per share
Options in the option pool = 300,000 shares / $10 per share = 30,000 options per share
Therefore, the approximate number of options in the option pool is 2,142,857 options (30,000 options per share x 71.428 shares per option). Answer: 2,142,857.
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Market Analysis Basics: Assess the pre-covid
size of Kombi (sportswear sold, occasions, transactions) and value
($ spend) of the Sportswear in Canada
Analysis on the brand (pre-covid) : Kombi Sportswe
Market Analysis Basics: Assess the pre-covid size of Kombi (sportswear sold, occasions, transactions) and value ($ spend) of the Sportswear in Canada
Analysis on the brand (pre-covid) : Kombi SportsweThe pre-covid size of Kombi Sportswear (sold, occasions, transactions) and the value ($ spend) of sportswear in Canada can be determined using the following analysis:
Kombi Sportswear is a Canadian brand that sells sportswear items such as hats, gloves, mittens, socks, and base layers for outdoor activities such as skiing, snowboarding, and other outdoor winter activities. Kombi is a well-known and respected brand in the Canadian outdoor industry, having been in operation for over 60 years. Before the pandemic, the company had a strong sales record, with sales growing steadily year over year.
The brand has a strong customer base in Canada due to its reputation for high-quality, reliable, and durable sportswear. Kombi has a strong reputation for providing products that can withstand Canada's harsh winters and other outdoor conditions. As a result, the company has established a loyal customer base that returns year after year to purchase Kombi's products.
Before the pandemic, the size of Kombi Sportswear in terms of sales, occasions, and transactions was growing at a steady pace. The brand had a large retail presence across Canada, with several brick-and-mortar stores and a significant online presence. The company also had a presence in several other countries, including the United States and Europe. In terms of the value ($ spend) of the sportswear market in Canada, Kombi had a significant share of the market, with a strong reputation for quality and durability.
Kombi Sportswear has been affected by the pandemic, as have many other companies in the outdoor industry. However, the brand is expected to recover in the coming years due to its strong reputation and loyal customer base.
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Take any product or service and identify at least two examples
from each of the quality dimensions following the KANO model.
The KANO Model is a tool used to help identify and prioritize customer needs.
It suggests that customer needs can be broken down into three categories: Must-be, Performance, and Delighters.
Must-be: Must-be characteristics are basic needs that customers expect to be fulfilled. For any product or service, these must-be characteristics would be the most important. Examples include functionality, reliability, safety, durability, etc.
Performance: Performance characteristics are features that give the product or service an advantage over competitors. Examples include features such as speed, price, customization, etc.
Delighters: Delighters are unexpected features that give the customer a positive surprise. These features are not essential, but they are a great way to exceed customer expectations and delight them. Examples include a complimentary gift, personalized service, etc.
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which type of order do you use when you have a long position and want to protect yourself from a price decline. a. buy stop order b. market order c. sell stop order d. limit order e. protect order
A sell stop order is the type of order you use when you have a long position and want to protect yourself from a price decline. (C)
A sell stop order is placed at a price below the current market price, and it instructs the broker to sell the security when the market price declines to the specified price. This helps to limit losses in case of a sharp downturn in the market.
When using a sell stop order, you should be aware that it triggers a market order once the specified price is reached, meaning it could be executed at a different price than what you set.
Additionally, these orders may be subject to minimum order size, price increment, and other limits, which vary by broker. Finally, when the price triggers the order, it is filled at the best available price in the market at the time, so you may not get the price you set. (C)
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Based on Carino and Lenoir (1988). Brady Corporation produces cabinets. Each week, Brady requires 90,000 cubic feet of processed lumber. The company can obtain lumber in two ways. First, it can purchase lumber from an outside supplier and then dry it at the Brady kiln. Second, Brady can chop down trees on its land, cut them into lumber at its sawmill, and then dry the lumber at its kiln. The company can purchase grade 1 or grade 2 lumber. Grade 1 lumber costs $4 per cubic foot and when dried yields 0.8 cubic foot of useful lumber. Grade 2 lumber costs $10 per cubic foot and when dried yields 0.95 cubic foot of useful lumber. It costs the company $8 to chop down a tree. After being cut and dried, a tree yields 5.0 cubic feet of lumber. Brady incurs costs of $6 per cubic foot of lumber it dries. It costs $6.50 per cubic foot of logs sent through the sawmill. Each week, the sawmill can process up to 35,000 cubic feet of lumber. Each week, up to 40,000 cubic feet of grade 1 lumber and up to 60,000 cubic feet of grade 2 lumber can be purchased. Each week, 40 hours of time are available for drying lumber. The time it takes to dry one cubic foot of lumber is as follows: grade 1, 2 seconds; grade 2, 0.8 second; and log, 1.3 seconds. Determine how Brady can minimize the weekly cost of meeting its demand for processed lumber
Based on Carino and Lenoir (1988), Brady Corporation should minimize their weekly cost of meeting their demand for processed lumber by purchasing Grade 1 lumber from an outside supplier and drying it at their kiln.
Grade 1 lumber costs $4 per cubic foot and yields 0.8 cubic feet of useful lumber when dried. It takes 2 seconds to dry one cubic foot of Grade 1 lumber.
They should also purchase Grade 2 lumber from an outside supplier and dry it at their kiln. Grade 2 lumber costs $10 per cubic foot and yields 0.95 cubic feet of useful lumber when dried. It takes 0.8 seconds to dry one cubic foot of Grade 2 lumber.
Additionally, Brady should chop down trees on their land, cut them into lumber at their sawmill, and dry the lumber at their kiln. It costs $8 to chop down a tree and after being cut and dried, a tree yields 5.0 cubic feet of lumber.
It costs $6 per cubic foot of lumber to be dried and $6.50 per cubic foot of logs sent through the sawmill. Each week, the sawmill can process up to 35,000 cubic feet of lumber.
To meet their demand for 90,000 cubic feet of processed lumber each week, Brady should purchase up to 40,000 cubic feet of Grade 1 lumber and up to 60,000 cubic feet of Grade 2 lumber, which will require 40 hours of drying time.
By following these steps, Brady Corporation can minimize their weekly cost of meeting their demand for processed lumber.
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What are the challenges of rebranding?
Rebranding can be a complex and daunting process with many challenges, including:
Gaining buy-in from stakeholders and staffRedesigning an existing logo or creating a new oneDetermining the best messaging and positioning for the new brandEnsuring the new brand’s consistency and visibility across all platformsBuilding and maintaining customer loyaltyWHAT'S REBRANDINGRebranding is the process of giving a product or organization a new identity. It involves changing the name, design, and other components of the company to reposition the brand to be more competitive in the market.
However, there are several challenges associated with rebranding, including:
Cost: Rebranding can be costly, and it is essential to consider the financial implications of the process. It may require a significant investment in research, design, and marketing.
Communication: Rebranding is a complex process that can be challenging to communicate to stakeholders, including employees, customers, and investors. It is crucial to ensure that the new brand identity aligns with the company's values, mission, and vision to prevent confusion among stakeholders.
Resistance to change: Employees and customers may resist the new brand identity due to their attachment to the old brand. It is crucial to provide clear communication and ensure that the rebranding process is well planned and executed to reduce resistance to change.
Confusion: The rebranding process can lead to confusion among customers, especially if the change is significant. It is important to provide clear and consistent communication to avoid customer confusion and ensure a smooth transition.
Reputation damage: If the rebranding process is poorly executed, it can damage the company's reputation. It is essential to have a clear strategy in place and ensure that the process is executed effectively and efficiently.
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lauren corporation will pay a dividend of $3.30 next year. the company has stated that it will maintain a constant growth rate of 5.25 percent a year forever. if you want a return of 18 percent, how much will you pay for the stock?
The company has to pay $51.81 for the stock.
How to Calculate the expected value of the stock?
The expected value is calculated as the present value of dividends and the present value of the expected future price of the stock. The present value of the dividends is calculated by dividing the dividend by the expected return or required rate of return minus the growth rate.
Therefore, the present value of the stock can be calculated as shown below.
Present Value of the Stock = PV(Dividend) + PV(Expected Future Price)
PV(Dividend) = D1 / (r-g)
= 3.30 / (0.18 - 0.0525)
= $30.19
PV(Expected Future Price) = P1 / (1+r)n
= P0(1+g) / (1+r)n
= 3.30(1+0.0525) / (0.18 - 0.0525) × (1 / (1+0.18)1)
= $21.62
Present Value of the Stock = PV(Dividend) + PV(Expected Future Price)
= $30.19 + $21.62
= $51.81
Therefore, you will pay $51.81 for the stock.
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Multi-step Income Statement and Adjusting Entries
The Boston Trading Company, whose accounting year ends on December 31, had the following normal balances in its general ledger at December 31:
Cash $15,000
Accounts Receivable 56,600
Inventory 74,000
Prepaid Insurance 3,000
Office Supplies 4,200
Furniture & Fixtures 21,000
Accumulated Depreciation - Furn. & Fixtures 7,000
Delivery Equipment 86,000
Accumulated Depreciation - Delivery Equipment 12,000
Accounts Payable 43,000
Long-term Notes Payable 28,000
Common Stock 70,000
Retained Earnings 56,400
Sales Revenue 610,000
Cost of Goods Sold 394,000
Utilities Expense 4,800
Sales Salaries Expense 77,000
Delivery Expense 10,800
Advertising Expense 5,600
Rent Expense 9,400
Office salaries expense 56,000
Income Tax Expense 9,000
During the year, the accounting department prepared monthly statements but no adjusting entries were made in the journals and ledgers. Data for the year-end procedures are as follows:
1. Prepaid insurance, December 31 $1,500
2. Depreciation Expense on furniture and fixtures for year $2,000
3. Depreciation Expense on delivery equip. for the year $11,000
4. Salaries Payable, December 31 ($1,800 Sales and $1,200 Office) $3,000
5. Unused office supplies on December 31 $1,200
Required
a. Record the necessary adjusting entries at December 31.
b. Prepare a multi-step income statement for the year. Combine all the operating expenses into one line on the income statement for selling, general and administrative expenses.
a. Necessary adjusting entries at December 31: Debit Insurance Expense, Depreciation Expense, Salaries Payable and Office Supplies and Credit Prepaid Insurance, Accumulated Depreciation, Salaries Expense and Supplies Expense
b. Total Selling, General, and Administrative Expenses $162,80 and Net Income $53,200
a. Recording the necessary adjusting entries at December 31.
1. Prepaid Insurance:
Debit Insurance Expense - $1,500 Credit Prepaid Insurance - $1,500
2. Depreciation Expense on Furniture and Fixtures:
Debit Depreciation Expense - $2,000 Credit Accumulated Depreciation - Furniture & Fixtures - $2,000
3. Depreciation Expense on Delivery Equipment:
Debit Depreciation Expense - $11,000 Credit Accumulated Depreciation - Delivery Equipment - $11,000
4. Salaries Payable:
Debit Salaries Payable - $3,000 Credit Sales Salaries Expense - $1,800 Credit Office Salaries Expense - $1,200
5. Unused Office Supplies:
Debit Office Supplies - $1,200 Credit Supplies Expense - $1,200
b. A multi-step income statement for the year combining all the operating expenses into one line on the income statement for selling, general and administrative expenses.
Boston Trading Company Income Statement For the Year Ended December 31, 2020
Sales Revenue $610,000
Cost of Goods Sold $394,000
Gross Profit $216,000
Selling, General, and Administrative Expenses:
Utilities Expense $4,800
Sales Salaries Expense $77,000
Delivery Expense $10,800
Advertising Expense $5,600
Rent Expense $9,400
Office Salaries Expense $56,000
Income Tax Expense $9,000
Total Selling, General, and Administrative Expenses $162,800
Net Income $53,200
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Regarding the LiMu Emu and Doug commercial. How can Liberty
Mutual Insurance improve its advertising?
Liberty Mutual can improve its advertising by focusing on the needs and wants of its target audience, developing creative and engaging campaigns that stand out from the competition, and by consistently delivering high-quality service and support to its customers.
Liberty Mutual Insurance can improve its advertising in the following ways:
Increase brand awareness: Liberty Mutual should continue to promote its brand and ensure that consumers are aware of the services it provides by including relevant information in its advertising campaigns.
Increase customer trust: Liberty Mutual should increase customer trust by clearly demonstrating its commitment to quality service in its advertising campaigns. This can be done by using testimonials from satisfied customers, including information about the company's ratings and reputation in the industry, and highlighting its commitment to providing superior customer service and satisfaction.
Improve customer experience: Liberty Mutual should strive to make the customer experience as seamless and enjoyable as possible. This can be done by including interactive elements in its advertising campaigns that engage consumers and create a sense of fun and excitement, and by providing easy-to-use tools and resources that make it easy for consumers to get the insurance coverage they need.
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Which two actions will help you get the most benefit from an informational interview? a. give long answers to impress the other person with your knowledge. b. encourage the interviewer to do most of the talking during the interview. c. make negative comments about other companies. d. show your willingness to accept any job. e. speak with confidence, but be yourself.
The two actions that will help you get the most benefit from an informational interview are Encourage the interviewer to do most of the talking during the interview and Speak with confidence, but be yourself
What are the two actions will help you get the most benefit from an informational interviewEncourage the interviewer to do most of the talking during the interview . This will allow you to gather as much information as possible about the industry or field, the company, and the interviewer's experiences and insights.
Speak with confidence, but be yourself. This will help you establish a rapport with the interviewer and make a positive impression, while also allowing you to showcase your personality and communication skills.
The other options, such as giving long answers to impress the other person with your knowledge, making negative comments about other companies, or showing your willingness to accept any job, are not effective strategies for getting the most benefit from an informational interview.
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Discuss the problem of assigning weights
and estimating correlations in QFD. Suggest a way to solve this
problem.
The problem of assigning weights and estimating correlations in QFD. A possible way to solve this problem is to utilize a multiple regression technique.
In QFD, the problem of assigning weights and estimating correlations in QFD can be a major issue that requires attention. When weights are assigned, the correct importance and priority must be provided to each quality characteristic that is under consideration. If we use the weights inappropriately, it may lead to an incorrect QFD result or an unreliable result. The correlation coefficients, on the other hand, can be difficult to estimate.
Since there are so many factors to consider in a product, and a single factor may have a strong impact on several other factors. Therefore, assigning weights and estimating correlations in QFD is a major challenge. A possible way to solve this problem is to utilize a multiple regression technique. This technique can help us estimate the correlation coefficients and assign the proper weights based on the quality characteristics.
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the internet service provider industry in the country of wakanda is an industry characterized by the presence of strong network effects, high brand loyalty, high economies of scale, and proprietary technology among incumbent firms. thus, in the internet service provider industry, the
The internet service provider industry in the country of Wakanda is characterized by strong network effects, high brand loyalty, high economies of scale, and proprietary technology among incumbent firms. This means that the industry is likely to be dominated by a few large firms, creating an oligopoly market structure.
In an oligopoly market structure, there are a small number of large firms that dominate the market and have significant market power.
These firms often engage in strategic behaviour, such as price collusion or non-price competition, in order to maintain their market position and prevent new firms from entering the market.
The presence of strong network effects, high brand loyalty, and proprietary technology further reinforce the market power of incumbent firms and create barriers to entry for new firms.
As a result, the internet service provider industry in Wakanda is likely to be characterized by high prices and limited competition.
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Why is it important? How is it used in the application of the law? Give an example. How might you use this concept in your profession? Answer as many of these questions as are applicable.
What is the doctrine of paramountcy? Who does it favor and why?
What is the difference between public law and private law?
What is the primary goal, and the steps, in a legal risk management plan?
What is "Solicitor-Client Privilege"? How do you get it and lose it?
1.The doctrine of paramountcy is a legal principle which holds that federal law is superior to provincial law in Canada.
2.This doctrine favors the federal government, since the federal government is responsible for enacting legislation in matters of national concern.
3.Public law is law that affects the public as a whole, while private law relates to individuals and other private entities, such as corporations.
4.The primary goal of a legal risk management plan is to protect an organization from lawsuits, governmental enforcement actions, or other liability stemming from the organization’s activities.
5.Solicitor-client privilege is a legal concept which protects confidential communications between lawyers and their clients from being disclosed to third parties.
Public law includes criminal law, constitutional law, administrative law, and international law, while private law covers contract law, tort law, property law, and family law.
This privilege is maintained unless the client waives it, or if there is a legal basis to overcome it, such as in cases of fraud or where public safety is at risk.
This involves steps such as conducting a risk assessment, identifying areas of legal exposure, and implementing procedures and policies to reduce the legal risk.
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In __________, new or additional responsibilities to a
subordinate are assigned.
Multiple Choice
mutual adjustment
centralization
delegation
integration
job specialization
In delegation, new or additional responsibilities to a subordinate are assigned.
The concept of delegation in management refers to the act of delegating responsibilities or duties to a subordinate. It is a process by which responsibilities or duties are passed from one person to another for the accomplishment of certain tasks. It is a system of distributing duties and responsibilities to subordinates so that they can take up a more active role in the decision-making process.
Delegation is a crucial aspect of any management system because it promotes decision-making at all levels of the organization. It is a significant management tool that not only encourages employee participation but also fosters leadership and growth opportunities.
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Ana Dinh used 0.5 to 5 percent of gross profit in determining overall planning materiality of $70,000 in her audit of XYZ Inc., a company that builds replacement engines for tractors and combines. She used the $70,000 amount as her planning materiality, identifying account balances and transactions to be tested. She also used materiality as a guide when deciding on the appropriate audit opinion in her report. Suppose Ana initially reviewed parts inventory account #102641–1 and found that none of the account transactions exceeded $45,000.
Which of the following describes performance materiality and the auditing of the inventory account? (several answers may be correct).
a) None of the transactions in the inventory accounts need to be examined as the individual transactions are below $45,000.
b) Performance materiality will likely be set between $42,000 and $59,500 supporting the requirement to examine individual transactions.
c) Individual transactions still need to be examined as individual transactions could total more than $70,000.
d) Performance materiality will likely be set between $22,000 and $39,500 supporting the decision to not test individual transactions.
e) The parts inventory account is deemed to be immaterial and no further work is required.
The performance materiality and the auditing of the inventory account is described as:
option b: performance materiality will likely be set between $42,000 and $59,500 supporting the requirement to examine individual transactions
option c: individual transactions still need to be examined as individual transactions could total more than $70,000.
Performance materiality is the amount of materiality that is used to decide which individual transactions need to be examined. In this scenario, Ana Dinh used $70,000 as her planning materiality and identified account balances and transactions to be tested.
When reviewing parts inventory account #102641–1, she found that none of the account transactions exceeded $45,000. This means that performance materiality will likely be set between $42,000 and $59,500 (i.e., the difference between the planning materiality of $70,000 and the $45,000 transaction amount) in order to support the requirement to examine individual transactions. Additionally, individual transactions still need to be examined as individual transactions could total more than $70,000.
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What is the capacity of the following process in units per hour?
Enter your answer rounded to 2 decimal places. (CT is short for
cycle time.)
The capacity of the process is calculated by dividing 3600 (the number of seconds in an hour) by the cycle time (CT). So, if the CT is 60 seconds, the capacity is 60 units per hour (3600/60).
What is process ?Process is a series of actions or steps taken in order to achieve a particular end. It is a structured set of activities and tasks used to achieve a specific goal. The purpose of process is to make a task or activity more efficient, reliable and predictable. It is often used to standardize procedures, sequence activities, and to improve quality. Processes are used in many different fields such as engineering, business, software development, manufacturing, science, and health care. Processes are often designed to maximize efficiency and to minimize waste, and to ensure consistent results.
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