If there is excess capacity, the relevant cost of buying Part A from the supplier is $47,000. The correct answer is option " $47000".
This is because the cost to manufacture Part A is $8 per unit, which would result in a total cost of $75,200 for the 9,400 units needed. However, if the supplier offers to make Part A for $5 per unit, the total cost to purchase the 9,400 units would be $47,000 (9,400 x $5). As there is excess capacity, the only relevant cost to consider is the cost to purchase the units from the supplier, as the cost to manufacture the parts in-house is not necessary.
Therefore option "$47000" is correct.
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34. Case study, simulation, and programmed learning are all examples of:
A. on-the-job training techniques.
B. off-the-job training techniques.
C. role-playing.
D. transference.
E. participation learning.
B. Off-the-job training techniques. The best-known shield volcanoes in the United States are located in Hawaii. Some examples include Mauna Loa, Kilauea, and Haleakala. In other parts of the world, notable shield volcanoes include Iceland's Eyjafjallajökull, Italy's Mount Etna, and Tanzania's Mount Kilimanjaro. Additionally, the Galapagos Islands in Ecuador are home to several shield volcanoes, such as Sierra Negra and Fernandina.
However, off-the-job training can also be expensive and time-consuming, as it often requires employees to travel to training sites and take time away from their work. Companies must weigh the benefits and drawbacks of off-the-job training when deciding how to develop their employees' skills and knowledge.Case study, simulation, and programmed learning are all examples of off-the-job training techniques. These techniques involve providing training in a setting that is separate from the employee's usual workplace. Case studies present employees with real-world scenarios to analyze and discuss, helping them to develop critical thinking skills. Simulations provide employees with opportunities to practice skills and decision-making in a controlled environment that mimics real-world situations. Programmed learning involves self-paced instruction in which employees learn through interactive materials, such as computer-based training or online courses.
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zhao company has fixed costs of $416,000. its single product sells for $185 per unit, and variable costs are $121 per unit. if the company expects sales of 10,000 units, compute its margin of safety (a) in dollars and (b) as a percent of expected sales.
The margin of safety (a) in dollars= $647,500 (b) as a percent of expected sales= 35%.
To compute the margin of safety for Zhao Company, we need to follow these steps:
Step 1: Calculate the contribution margin per unit.
Contribution Margin per Unit = Selling Price per Unit - Variable Cost per Unit
Contribution Margin per Unit = $185 - $121 = $64 per unit
Step 2: Calculate the break-even point in units.
Break-even Point (Units) = Fixed Costs / Contribution Margin per Unit
Break-even Point (Units) = $416,000 / $64 = 6,500 units
Step 3: Calculate the margin of safety in units.
Margin of Safety (Units) = Expected Sales (Units) - Break-even Point (Units)
Margin of Safety (Units) = 10,000 units - 6,500 units = 3,500 units
Step 4: Calculate the margin of safety in dollars (a).
Margin of Safety (Dollars) = Margin of Safety (Units) * Selling Price per Unit
Margin of Safety (Dollars) = 3,500 units * $185 = $647,500
Step 5: Calculate the margin of safety as a percent of expected sales (b).
Margin of Safety (%) = (Margin of Safety (Dollars) / Expected Sales (Dollars)) * 100
Margin of Safety (%) = ($647,500 / ($185 * 10,000 units)) * 100 = 35%
To summarize, the margin of safety for Zhao Company is (a) $647,500 in dollars and (b) 35% as a percent of expected sales.
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Fads are characterized by their ________. a. enduring nature that spans several generations b. low rates of adoption by consumers c. unusually high sales and rapid decline d. basic and distinctive modes of expression that seldom become unpopular e. non-attainment of the last two stages of the product life cycle
Fads are characterized by their: unusually high sales and rapid decline. The correct answer is c.
what is Fads?Fads are short-lived trends that experience a sudden surge in popularity and then quickly decline. They are characterized by their rapid rise in sales and widespread adoption by consumers, often driven by social or cultural factors.
Fads tend to be driven more by emotional appeal and novelty than practicality or durability, which contributes to their short lifespan. Unlike enduring trends or classics, fads do not have lasting power and tend to lose popularity quickly once the novelty wears off.
Some examples of past fads include pet rocks, Beanie Babies, and fidget spinners. Fads are important for marketers to understand as they can provide a unique opportunity to capitalize on a trend, but also carry the risk of investing in a short-lived phenomenon that may not provide long-term success.
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Complete question:
Fads are characterized by their ________.
a. enduring nature that spans several generations
b. low rates of adoption by consumers
c. unusually high sales and rapid decline
d. basic and distinctive modes of expression that seldom become unpopular
e. non-attainment of the last two stages of the product life cycle
Suppose that, to make bread affordable for low-income consumers, the government imposes a price ceiling on bread.
Which of the following are potential consequences of a price ceiling on bread?
A. A decrease in the opportunity cost of searching for bread.
B. A decline in the quality of bread.
C. The development of a black market in bread.
D. A shortage of bread.
The government imposes a price ceiling on bread: a price ceiling on bread can lead to a shortage of bread. The correct answer is D.
When the government imposes a price ceiling on bread, it means that the price of bread cannot exceed a certain level. This price ceiling is typically set below the market equilibrium price. As a result, there are several potential consequences of a price ceiling on bread.
One potential consequence is a shortage of bread. Since the price ceiling is below the market equilibrium price, suppliers may not find it profitable to produce as much bread as consumers demand. This can lead to a shortage of bread in the market. Consumers may have to wait in long lines or face empty shelves in grocery stores.
Another potential consequence is the development of a black market in bread. When the price ceiling is imposed, some consumers may be willing to pay more than the ceiling price for bread.
This creates an incentive for suppliers to sell bread on the black market, where prices are not regulated by the government. However, this can lead to quality concerns and even health risks for consumers.
A decline in the quality of bread is also a potential consequence of a price ceiling. Since suppliers cannot charge more than the ceiling price, they may cut costs by using lower-quality ingredients or reducing their production processes. This can lead to a decline in the quality of bread available in the market.
Finally, a price ceiling on bread can decrease the opportunity cost of searching for bread. Consumers may spend less time searching for the best deal on bread since prices are regulated by the government. This can lead to a decrease in competition among suppliers and reduce innovation in the bread market.
In summary, a price ceiling on bread can lead to a shortage of bread, the development of a black market, a decline in the quality of bread, and a decrease in the opportunity cost of searching for bread. These consequences can have significant impacts on low-income consumers who rely on affordable bread to meet their basic needs.
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Suppose you decide to open a casino offering only one game. You win a dollar 55% of the time, and your customer wins a dollar 45% of the time. How much profit would you expect to have If 7500 games are played? 1. $100 2. $500 3. $750 4. $1250
If you win a dollar 55% of the time, and your customer wins a dollar 45% of the time, the profit you would expect to have if 7500 games are played is $750. Option 3 is correct.
Step 1: Calculate your expected winnings.
- You win a dollar 55% of the time, so multiply the total games (7500) by your winning rate (0.55).
- 7500 * 0.55 = 4125 dollars
Step 2: Calculate your customers' expected winnings.
- Your customers win a dollar 45% of the time, so multiply the total games (7500) by their winning rate (0.45).
- 7500 * 0.45 = 3375 dollars
Step 3: Subtract your customers' expected winnings from your expected winnings to find the expected profit.
- Expected profit = Your expected winnings - Your customers' expected winnings
- Expected profit = 4125 dollars - 3375 dollars
- Expected profit = 750 dollars
Therefore, you would expect to have a profit of $750 if 7500 games are played. The correct answer is option 3.
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Account Balances Finished Goods Inventory, December 31 $41,160 Factory Supervisory Salaries 11,760 Income Tax Expense 17,640 Raw Materials Inventory, December 1 11,760 Work In Process Inventory, December 31 14,700 Sales Salaries Expense 13,720 Factory Depreciation Expense 7,840 Finished Goods Inventory, December 1 34,300
Raw Materials Purchases 102,900 Work In Process Inventory, December 1 24,500 Factory Utilities Expense 5,880 Direct Labor 68,600
Raw Materials Inventory, December 31 18,620 Sales Returns and Allowances 4,900 Indirect Labor 20,580
SANDHILL MANUFACTURING COMPANY Cost of Goods Manufactured Schedule $ $ $ $ > > $ Save for Later Attempts: 0 of 2 used Submit Answer
The cost of goods manufactured for SANDHILL MANUFACTURING COMPANY is $210,600.
To calculate the cost of goods manufactured schedule for SANDHILL MANUFACTURING COMPANY, we need to use the following formula:
Beginning Work in Process Inventory + Total Manufacturing Costs - Ending Work in Process Inventory = Cost of Goods Manufactured
Using the provided account balances, we can fill in the formula as follows:
Beginning Work in Process Inventory: $24,500
Raw Materials Purchases: $102,900
Direct Labor: $68,600
Factory Depreciation Expense: $7,840
Factory Utilities Expense: $5,880
Indirect Labor: $20,580
Total Manufacturing Costs: $225,300 (sum of above costs)
Ending Work in Process Inventory: $14,700
Process Inventory: $210,600 (225,300 - 14,700)
To double-check our answer, we can calculate the cost of goods sold using the following formula:
Beginning Finished Goods Inventory + Cost of Goods Manufactured - Ending Finished Goods Inventory = Cost of Goods Sold
Using the provided account balances:
Beginning Finished Goods Inventory: $34,300
Cost of Goods Manufactured: $210,600
Ending Finished Goods Inventory: $41,160
Cost of Goods Sold: $203,740 (34,300 + 210,600 - 41,160)
Therefore, the cost of goods manufactured for SANDHILL MANUFACTURING COMPANY is $210,600. Raw Materials Purchases and Factory Depreciation Expense are included in Total Manufacturing Costs, while Work In Process Inventory is a component of the Beginning and Ending Inventory figures used in the formula.
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The United States buys copper from Chile's Escondido copper mine. The copper is used to make wiring for the US telecommunications industry and for many others purposes. For the US, the copper is an example of a ___.
import ;
export
The United States buying copper from Chile's Escondido copper mine is an example of an import. An import refers to goods or services that are purchased by a country from another country.
In this case, the United States is purchasing copper from Chile, which is then used to make wiring for the telecommunications industry and for other purposes. This highlights the importance of international trade, as countries rely on each other to obtain goods and services that they may not have access to domestically. It also highlights the interconnectedness of industries and economies, as the copper from Chile is used in various industries in the United States.
Overall, the United States' purchase of copper from Chile's Escondido copper mine is an example of how international trade can benefit both countries for different purposes.
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Answer: Import
Explanation: The United States buying copper from Chile's Escondido copper mine is an example of an important commodity or resource. The copper serves as a vital material for various industries, including the telecommunications industry, among others. Purchasing products to be transported to the nation is know as importing, where as if the United States were to be the main line of copper as a resource, the trade would there in turn become export..
target's donation of 5% of its annual income to community support is an example of ________
Target's donation of 5% of its annual income to community support is an example of D) corporate philanthropy
Corporate philanthropy would be demonstrated by Target, which donates 5% of their yearly revenue to community assistance. The practise of a business giving money, resources, or services to nonprofits or community organisations as part of its corporate social responsibility (CSR) activities is known as corporate philanthropy.
Donations to non-profit organisations, charities, healthcare organizations, educational institutions, or other community-focused programs and initiatives fall under this category. Target participates in corporate philanthropy as a method to positively impact the areas it works in and show its commitment to social responsibility by contributing a portion of its profits to assist neighborhood projects.
Complete Question:
Target's donation of 5% of its annual income to community support is an example of ________.
A) corporate responsiveness
B) social screening
C) social engineering
D) corporate philanthropy
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Assume that you are starting a new company in Bangalore. You are deliberating on budgeting as a part of starting the operations. Which budgeting technique is suitable in this case. Explain the steps involved in the process.
It is crucial to create a capital budget in order to determine whether or not the business is feasible.
Finding the Net Present Value of the Investment is what capital budgeting entails; if it is positive, the project is feasible, and vice versa.
Step 2 :
Find out how much money you need to invest initially to launch your business.
Find out how much money you will make each year in cash flows.
To arrive at the present value of such cash flows, determine the suitable discounting rate and extract the cash flows year by year.
Put in a flow Outflow equals the Present Value of Cash Inflows. - Initial expenditure
If the outcome is favourable, activities can begin; otherwise, a new business strategy must be developed.
Businesses utilise the capital budgeting process to assess possible big projects or investments. Before they are approved or rejected by management, capital budgeting is typically required for initiatives like constructing a new plant or investing a sizable amount of money in a third party business.
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If Georgia-Pacific seeks information about trends in housing starts around the country and uses U.S. Department of Commerce reports to get this information, it is using ___________ data.
a) causal
b) exploratory
c) primary
d) laboratory
e) secondary
If Georgia-Pacific seeks information about trends in housing starts around the country and uses U.S. Department of Commerce reports to get this information, it is using secondary data.
Secondary data refers to information that has already been collected by someone else and is readily available for use. In this case, the U.S. Department of Commerce has already collected data on housing starts and Georgia-Pacific is simply accessing this information to make informed business decisions.
Secondary data can be a valuable resource for companies as it can provide quick and cost-effective access to information that may be difficult or time-consuming to collect through primary research. However, it is important to ensure the data is reliable and relevant to the specific research question at hand. Additionally, secondary data may not always provide the level of detail or specificity needed for certain research questions, in which case primary research may be necessary.
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which of the following are facility-level activities? multiple select question. property taxes on plant setting up factory equipment
Both property taxes on plant and setting up factory equipment are facility-level activities. So, both the options are correct.
Facility-level activities refer to expenses or investments related to the physical plant or infrastructure of a business, such as building maintenance, equipment purchases or leases, property taxes, and insurance on company property.
Property taxes on plant are a cost associated with the ownership of real property, which includes land, buildings, and other structures. This cost is directly related to the facility-level activity of owning and maintaining a physical plant.
Setting up factory equipment is also a facility-level activity because it is an investment made to ensure that a company's manufacturing or production processes are efficient and effective. This investment includes the purchase or lease of machinery and equipment that are necessary for the company's operations.
Overall, both property taxes on plant and setting up factory equipment are facility-level activities that are essential for a company's operations and success.
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Limitations of self-imposed budgeting include ______.
-a broad strategic perspective
-suboptimal budget recommendations
- unrealistic profit targets
- budgetary slack
Limitations of self-imposed budgeting include suboptimal budget recommendations, unrealistic profit targets, and budgetary slack.
Self-imposed budgeting refers to the process where managers and employees at different levels participate in setting budgetary goals. Although this approach has several advantages, it also comes with some limitations. Suboptimal budget recommendations may arise if individuals are not fully aware of the organization's strategic objectives or lack the expertise to make informed decisions.
Unrealistic profit targets can be set if employees are overly optimistic about their performance or do not consider potential obstacles. Budgetary slack is a common issue in self-imposed budgeting, as managers might deliberately underestimate revenues or overestimate expenses to make their targets more easily achievable.
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All of the following are true of e-business strategy except
A. A nucleus firm needs to upgrade its own systems and organization to the desired level of interorganizational connectivity before seeking partners.
B. A well-designed e-business strategy should be able to bring a company directly from Stage 2 to Stage 4 of supply chain development.
C. Interorganizational strategy should begin with a nucleus firm that determines how it intends to connect with its partners.
D. Successful linking of organizational strategy and e-business strategy often requires using advanced optimization tools such as supply chain event management (SCEM).
The answer to the question "All of the following are true of e-business strategy except" is option B, "A well-designed e-business strategy should be able to bring a company directly from Stage 2 to Stage 4 of supply chain development."
E-business strategy is the process of aligning a company's objectives and resources with the use of electronic communication and information technology to achieve its goals. The strategy involves several stages, including interorganizational connectivity and supply chain development.
Option A is true of e-business strategy because before seeking partners, a nucleus firm needs to upgrade its systems and organization to the desired level of interorganizational connectivity. This is necessary to ensure that the company can communicate effectively with its partners.Option C is true of e-business strategy because interorganizational strategy should begin with a nucleus firm that determines how it intends to connect with its partners. This is important because the success of an e-business strategy depends on effective communication and collaboration between partners.Option D is true of e-business strategy because successful linking of organizational strategy and e-business strategy often requires using advanced optimization tools such as supply chain event management (SCEM). These tools help companies to optimize their supply chain processes, improve communication, and reduce costs.
Option B is not true of e-business strategy because a well-designed e-business strategy cannot bring a company directly from Stage 2 to Stage 4 of supply chain development. The stages of supply chain development are sequential and require a gradual improvement in interorganizational connectivity and collaboration.
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the incentive to cheat is strong in a cartel because: group of answer choices each firm can increase its output and thus its profits by cutting price. the marginal revenue for an individual firm is greater than marginal cost at the profit-maximizing price set by the cartel. there is a significant lack of government regulation of cartels, especially those in worldwide production. the costs of production are the same for each firm, but the product demand differs.
The incentive to cheat is strong in a cartel because each firm can increase its output and thus its profits by cutting price.
This is because the marginal revenue for an individual firm is greater than marginal cost at the profit-maximizing price set by the cartel. Additionally, there is a significant lack of government regulation of cartels, especially those in worldwide production.
Lastly, the production costs are the same for each firm, but the product demand differs, creating a competitive environment within the cartel. All of these factors contribute to the strong incentive to cheat in a cartel.
The incentive to cheat is strong in a cartel because the marginal revenue for an individual firm is greater than the marginal cost at the profit-maximizing price set by the cartel.
When a firm lowers its price, it can increase its output and profits, making cheating tempting for cartel members.
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Campbell Corporation sells products for $43 each that have variable costs of $15 per unit. Campbell's annual fixed cost is $618,800. Required Use the per-unit contribution margin approach to determine the break-even point in units and dollars. Break-even point in units Break-even point in dollars
Campbell Corporation needs to sell 22,100 units or $949,300 worth of products to break even.
To calculate the break-even point in units, we need to divide the total fixed costs by the contribution margin per unit. The contribution margin per unit is the difference between the selling price and the variable cost per unit.
Contribution margin per unit = Selling price per unit - Variable cost per unit
Contribution margin per unit = $43 - $15
Contribution margin per unit = $28
Break-even point in units = Total fixed costs / Contribution margin per unit
Break-even point in units = $618,800 / $28
Break-even point in units = 22,100 units
To calculate the break-even point in dollars, we need to multiply the break-even point in units by the selling price per unit.
Break-even point in dollars = Break-even point in units x Selling price per unit
Break-even point in dollars = 22,100 x $43
Break-even point in dollars = $949,300
Therefore, Campbell Corporation needs to sell 22,100 units or $949,300 worth of products to break even.
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106. A training program's content is shaped by the needs assessment and the learning principles. True False
A training program's content is shaped by the needs assessment and the learning principles is True.
A training program's content should be based on the results of a needs assessment, which identifies the specific knowledge and skills that need to be developed.
Additionally, the content should be designed based on learning principles, which ensure that the training is effective and engaging for learners. The needs assessment identifies the skills and knowledge gaps, while learning principles ensure effective delivery and comprehension of the training content. Together, they shape a successful training program.
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Which of the following tribes managed to keep part of its members in their traditional land of Florida? a.Modoc B) Seminole c) Choctaw D) Cherokee
The Seminole tribe is the one that managed to keep part of its members in their traditional land of Florida. The Seminole people originally lived in various parts of the southeastern United States, including Georgia, Alabama, and Florida. Correct answer is option A
Despite these forced migrations, a group of Seminoles refused to leave their traditional lands in Florida and instead retreated into the Everglades.
These Seminoles, known as the "unconquered Seminoles," were able to resist attempts by the U.S. government to remove them from their lands. In 1930, the U.S. government recognized the Seminole Tribe of Florida, which is now made up of several groups of Seminoles living in various parts of Florida.
Today, the Seminole Tribe of Florida operates several successful businesses, including casinos, hotels, and resorts, which have helped to bring economic development to their communities. The Seminole Tribe of Florida also maintains strong cultural traditions, including their own language, ceremonies, and art Correct answer is option A
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Assume a corporation has earnings before depreciation and taxes of $103,000, depreciation of $41,000, and that it has a 40 percent tax bracket.
a. Compute its cash flow using the following format. (Input all answers as positive values.)
Earnings before depreciation and taxes $
Depreciation Earnings before taxes $
Taxes Earnings after taxes $
Depreciation Cash flow $
b. How much would cash flow be if there were only $15,000 in depreciation? All other factors are the same.
Cash flow $
c. How much cash flow is lost due to the reduced depreciation from $41,000 to $15,000?
Cash flow lost $
a. Compute its cash flow using the following format:
Earnings before depreciation and taxes: $103,000
Depreciation: $41,000
Earnings before taxes: $103,000 - $41,000 = $62,000
Taxes (40% tax bracket): $62,000 * 0.40 = $24,800
Earnings after taxes: $62,000 - $24,800 = $37,200
Depreciation: $41,000
Cash flow: $37,200 + $41,000 = $78,200
b. How much would cash flow be if there were only $15,000 in depreciation? All other factors are the same.
Earnings before taxes: $103,000 - $15,000 = $88,000
Taxes (40% tax bracket): $88,000 * 0.40 = $35,200
Earnings after taxes: $88,000 - $35,200 = $52,800
Depreciation: $15,000
Cash flow: $52,800 + $15,000 = $67,800
c. How much cash flow is lost due to the reduced depreciation from $41,000 to $15,000?
Cash flow lost: $78,200 (original cash flow) - $67,800 (reduced cash flow) = $10,400
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QUESTION 15 1.5 points Saved Provide an appropriate response. A random sample of married people were asked "Would you remarry your spouse if you were given the opportunity for a second time?": Of the 150 people surveyed, 127 of them said that they would do so. Find the margin of error that corresponds to a 90% confidence interval for the proportion of married people who would remarry their spouse. 0.048 0.002 O 0.113 0.058 0.029
The margin of error that corresponds to a 90% confidence interval for the proportion of married people who would remarry their spouse is 0.048.
The margin of error that corresponds to a 90% confidence interval for the proportion of married people who would remarry their spouse can be found using the formula:
margin of error = z* * sqrt(p*(1-p)/n)
where z* is the z-score corresponding to a 90% confidence interval, p is the proportion of married people who would remarry their spouse (which is 127/150 or 0.847), and n is the sample size (which is 150).
Using a standard normal distribution table, we can find that the z-score corresponding to a 90% confidence interval is approximately 1.645.
Plugging in the values, we get:
margin of error = 1.645 * sqrt(0.847*(1-0.847)/150) = 0.048
Therefore, the answer is 0.048.
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which of the following are principles of internal control? (check all that apply.) multiple select question. divide responsibility for related transactions. perform regular and independent reviews. establish responsibilities. reduce vendor payables. maintain adequate records. increase revenues.
The principles of internal control that apply to this question are: divide responsibility for related transactions, perform regular and independent reviews, establish responsibilities, and maintain adequate records.
What are the principles of internal controlThese principles are essential for ensuring the accuracy and reliability of financial reporting and preventing fraud.
By dividing responsibilities for related transactions among different individuals, the risk of errors and fraudulent activities is reduced.
Regular and independent reviews can help to detect any discrepancies or irregularities in the transactions.
Establishing responsibilities helps to ensure that everyone is aware of their roles and responsibilities, which reduces confusion and improves accountability.
Adequate records are necessary for keeping track of transactions and ensuring that financial reports are accurate.
In contrast, reducing vendor payables and increasing revenues are not principles of internal control, although they may be important goals for a business.
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The principles of 'divide responsibility for related transactions', 'perform regular and independent reviews', 'establish responsibilities', and 'maintain adequate records' are all principles of internal control in business. These contribute to effective management and fraud prevention in the financial processes.
Explanation:The principles of internal control, an important aspect of business accounting and management, include the following: Divide responsibility for related transactions, which refers to the concept of segregation of duties, wherein responsibility for a task is distributed among multiple individuals or departments in order to prevent fraud and check accuracy. Perform regular and independent reviews, implying the crucial need for routine audits and checks by independent bodies or individuals to ensure adherence to the intended practices. Establish responsibilities, denoting a clear delineation of duties and responsibilities for all individuals and departments involved in the financial processes. Maintain adequate records is another principle, stressing on the necessity of keeping detailed and accurate documents. On the other hand, the concepts of 'reduce vendor payables' and 'increase revenues', are more related to general financial management practices rather than internal controls specifically.
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Businesses that produce and sell tangible products such as steel and machines are part of the
a. knowledge-based industry
b. service industry
c. production sector
d. manufacturing industry
The correct answer to your question is d. manufacturing industry. Businesses that produce and sell tangible products such as steel and machines fall under the manufacturing industry.
This industry is responsible for transforming raw materials into finished goods using machines and equipment.The manufacturing industry is an important sector of the economy as it contributes to the growth of a country's gross domestic product (GDP). It provides employment opportunities to millions of people worldwide and is a key driver of innovation and technological advancements.Machines are an integral part of the manufacturing industry as they help in the production process by automating tasks, reducing errors, and increasing efficiency. The use of machines has revolutionized the manufacturing industry by increasing productivity and reducing production costs.In conclusion, the manufacturing industry is a crucial sector of the economy that produces tangible goods using machines and equipment. This industry is essential for the growth and development of a country's economy and provides employment opportunities to millions of people worldwide.
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Amsterdam Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available.units unit cost total costApril 1 inventory 250 $10 $2,500April 15 purchases 400 $12 $4,800April 23 purchases 350 $13 $4,5501000 $11,850Compute the April 30 inventory and the April cost of goods sold using the FIFO method.
Amsterdam Company uses a periodic inventory system. For April, when the company sold 600 units, the following information is available. Units' unit cost total cost April 1 inventory 250 $10 $2,500April 15 purchases 400 $12 $4,800April 23 purchases 350 $13 $4,5501000 $11,850. To compute the April 30 inventory and the April cost of goods sold using the FIFO method, we need to assume that the first units purchased are the first ones sold. Therefore, we can calculate the cost of goods sold as follows:
Cost of goods sold = (250 x $10) + (350 x $13) + (600 - 250 - 350) x $12 = $2,500 + $4,550 + $1,800 = $8,850
To calculate the April 30 inventory using the FIFO method, we can use the following formula:
April 30 inventory = (400 x $12) + (250 x $10) = $5,450
Please note that this is just an example and actual calculations may vary depending on the specific details of Amsterdam Company’s periodic inventory system.*
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Assume that Garment Company has these account balances: Purchases $700,000; Purchase Returns and Allowances $50,000: Carriage Inwards $20,000; Carriage Outwards $ 10,000 What is the cost of Goods Purchased? a. $600,000 b. $670,000 c. $575,000 d. $604,000
Assuming that Garment Company has these account balances: Purchases $700,000; Purchase Returns and Allowances $50,000: Carriage Inwards $20,000; Carriage Outwards $ 10,000. The cost of goods purchased is $670,000. The correct answer is option b.
To find the cost of Goods Purchased for the Garment Company, we need to consider the account balances for Purchases, Purchase Returns and Allowances, and Carriage Inwards.
1. Start with the Purchases balance: $700,000
2. Subtract the Purchase Returns and Allowances: $700,000 - $50,000 = $650,000
3. Add the Carriage Inwards: $650,000 + $20,000 = $670,000
The cost of Goods Purchased is $670,000. Therefore, the correct answer is (b) $670,000.
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1. Phillip just turned 18 years old and he wants to have $2,000,000 in 42 years (on his 60th birthday). He will place money into an investment account that pays 8.4% interest compounded quarterly. How much should Phillip invest now to have $2,000,000 in 42 years? Round your answer to the nearest $0.01. Algebraic work showing the amount of money Phillip needs to invest now. (Include proper units and rounding for the final answer. Do NOT round your decimals in the middle of the solution.).
Phillip should invest $747,719.47 now in order to have $2,000,000 in 42 years, assuming an 8.4% interest rate compounded quarterly.
To determine how much Phillip should invest now to have $2,000,000 in 42 years, we can use the formula for compound interest:
[tex]A = P(1 + r/n)^n^t[/tex]
where A is the amount of money at the end of the investment period, P is the principal amount (the initial investment), r is the annual interest rate (as a decimal), n is the number of times the interest is compounded per year, and t is the time (in years) of the investment period.
In this case, A = $2,000,000, r = 0.084 (8.4% as a decimal), n = 4 (compounded quarterly), and t = 42. We need to solve for P, the amount that Phillip should invest now.
Plugging in the numbers, we get:
[tex]\$2,000,000 = P(1 + 0.084/4)^{(4*42)}[/tex]
Simplifying the exponent, we get:
[tex]\$2,000,000 = P(1 + 0.021)^{168}[/tex]
[tex]\$2,000,000 = P(2.673)[/tex]
Dividing both sides by 2.673, we get:
P = $747,719.47
Therefore, Phillip should invest $747,719.47 now in order to have $2,000,000 in 42 years, assuming an 8.4% interest rate compounded quarterly.
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Cash payments to a steel mill for steel used in production would be an example of:
A) Sunk costs. B) Fixed costs. C) Explicit costs. D) Implicit costs
C) Explicit costs.The conclusion is that cash payments for steel used in production are considered explicit costs because they involve a direct monetary outlay for a necessary input in the production process.
The main concept we need to understand here is the difference between sunk, fixed, explicit, and implicit costs. In the context of cash payments to a steel mill for steel used in production,Cash payments to a steel mill for steel used in production would be an example of explicit costs. This is the main conclusion as explicit costs are those costs that are paid out in cash or through other means of payment, and are easily identifiable and measurable. Sunk costs refer to costs that have already been incurred and cannot be recovered, while fixed costs are costs that remain constant regardless of the level of production. Implicit costs, on the other hand, refer to the opportunity cost of using resources for one purpose instead of another.
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Tiger Golf Supplies has $23 million in earnings with 8 million shares outstanding Its investment banker thinks the stock should trade at a P/E ratio of 31. If there is an underwriting spread of 2.5 percent a. What should the price to the public be? (Enter the answer in dollars not in millions. Round the intermediate calculations to two decimal places. Round the final answer to 2 decimal places.) Price $_________ b. What would the firm net? (Round the intermediate calculations to two decimal places. Round the final answer to 2 decimal places.) Net amount received $_________
Tiger Golf Supplies has $23 million in earnings with 8 million shares outstanding. Its investment banker thinks the stock should trade at a P/E ratio of 31, with an underwriting spread of 2.5 percent. The price $91.29 and net amount received by firm will be $712.08 million.
To solve this problem, we need to first calculate the earnings per share (EPS) of Tiger Golf Supplies. To do this, we divide the earnings of $23 million by the number of shares outstanding, which is 8 million. This gives us an EPS of $2.875.
Next, we need to determine the price to the public based on the investment banker's recommended P/E ratio of 31. To do this, we multiply the EPS by the P/E ratio: $2.875 x 31 = $89.125. However, we need to take into account the underwriting spread of 2.5 percent. To do this, we multiply the price to the public by 1.025: $89.125 x 1.025 = $91.29, Therefore, the price to the public should be $91.29.
To calculate the net amount received by the firm, we need to take into account the underwriting spread and the number of shares outstanding. The underwriting spread is 2.5 percent of the price to the public, which is: $91.29 x 0.025 = $2.28
So, the firm will receive $91.29 - $2.28 = $89.01 per share. Multiplying this by the number of shares outstanding, we get: $89.01 x 8 million = $712.08 million, Therefore, the firm will net $712.08 million from the sale of its shares.
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Facing a decision to either act unethically at the request of a supervisor or be fired for not acting as directed is referred to as an:
Facing a decision to either act unethically at the request of a supervisor or be fired for not acting as directed is referred to as an ethical dilemma.
An ethical dilemma is a situation in which an individual must make a choice between two options, both of which are morally acceptable but conflict with each other. In this case, the individual is faced with the conflicting moral values of loyalty to their employer and the obligation to act ethically.
Resolving ethical dilemmas often involves careful consideration of the potential consequences of each option and the ethical principles involved. It may also involve seeking guidance from colleagues, professional associations, or other ethical resources.
Ethical dilemmas can arise in many different contexts, including personal, professional, and societal. They often involve conflicts between two or more ethical principles, such as honesty, integrity, fairness, and respect for individual rights. Resolving ethical dilemmas can be challenging because the options are often complex and may involve trade-offs between competing values.
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When a concave downward function is present, increasing advertising expenditures result in:
A) greater sales
B) diminishing returns
C) average returns
D) further advertising expenditures
When a concave downward function is present, increasing advertising expenditures result in diminishing returns.
This means that as the level of advertising expenditure increases, the additional sales generated by each additional unit of advertising decrease. Eventually, a point is reached where the cost of advertising exceeds the additional revenue generated by the advertising. Therefore, companies need to balance the costs of advertising with the potential benefits to maximize their return on investment.
Concave downward functions are a common feature in marketing and economics. They describe a situation where the relationship between two variables, such as advertising expenditure and sales, is not linear but rather has a diminishing marginal effect.
In the context of advertising, a concave downward function means that as a company increases its advertising spending, the marginal return on each additional dollar spent on advertising decreases. At some point, the marginal return on each additional dollar spent on advertising becomes negative, and any further increase in advertising expenditure will lead to a decrease in profits.
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The condensed financial statements of Oriole Company for the years 2021 and 2022 are presented as follows. (Amounts in thousands. ) ORIOLE COMPANY Balance Sheets December 31 2022 2021 Current assets Cash and cash equivalents Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments Property, plant, and equipment (net) $330 $360 640 570 540 470 120 160 1. 630 1. 560 180 180 420 380 530 510 $2. 760 $2,630 $1. 070 $960 490 460 1. 200 1. 210 $2. 760 $2,630 Intangibles and other assets Total assets Current liabilities Long-term liabilities Stockholders' equity-common Total liabilities and stockholders' equity ORIOLE COMPANY Income Statements For the Year Ended December 31 2022 2021 Sales revenue $3,880 $3,540 Costs and expenses Cost of goods sold Selling & administrative expenses Interest expense Total costs and expenses 1. 125 1. 060 2,400 2,330 25 20 3,550 3,410 330 130 99 39 $231 $91 Income before income taxes Income tax expense Net income Compute the following ratios for 2022 and 2021. (Round current ratio and inventory turnover to 2 decimal places, s. 183 and all other answers to 1 decimal place, s. 1. 8 or 12. 6%) (a) Current ratio (b) Inventory turnover. Inventory on 12/31/20, was $360) Id Profit margin Id Return on assets. (Assets on 12/31/20, were $1. 910. ) le) Return on common stockholders' equity. (Stockholders' equity on 12/31/20 was $920) I Debt to assets ratio (e) Times interest earned. 2022 Current ratio Inventory turnover Pront margin Return on assets Return on common stockholders' equity Debt to assets ratio Times interest earned times
Current ratio of year 2022 is 1.52 : 1 times and of year 2021 is 1.63:1 times.
Given,
Current ratio,
For year 2022,
$1,630 / 1,070
1.52 : 1 times
For year 2021,
$1,560 / $960
1.63:1 times
Profit Margin,
For year 2022,
$231 / $3,880 × 100
6.0%
For year 2021,
$91 / $3,540 × 100
2.6%
Return on Common stockholder's equity,
For year 2022,
$231 / $1,205 × 100
19.2%
For year 2021,
$91 / $1,065 × 100
8.5%
Average Stockholder's equity,
For year 2022,
($1,210 + $1,200) / 2
$1205
For year 2021,
($920 + $1,210) / 2
$1065
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game theory is important for understanding which of the following market types?a.perfectly competitive markets but not oligopolistic marketsb.perfectly competitive and oligopolistic marketsc.oligoplistic but not perfectly competitive marketsd.neither oligopolistic nor perfectly competitive markets.
Game theory is important for understanding "oligopolistic but not perfectly competitive markets". Option C is correct.
Game theory is a branch of economics that studies strategic interactions between individuals or groups. In a perfectly competitive market, firms are price takers and do not have the ability to influence market outcomes, but game theory can still be useful in analyzing the behavior of individual firms and their decision-making processes.
In an oligopolistic market, where a small number of firms dominate the market, game theory is particularly relevant. The behavior of firms in an oligopoly is interdependent, as each firm's decision affects the market outcome and the decisions of its competitors. Game theory provides a framework for analyzing the strategic interactions between these firms and predicting market outcomes.
Option C holds true.
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