Answer: d. the Japanese firm will sell steel at a higher price abroad than at home.
Explanation:
Price elasticity measures the change in quantity demanded resulting from a change in price. The higher the price elasticity, the more the change.
In this scenario, the price elasticity is lower abroad than it is in Japan. The company will therefore charge a higher price abroad because they know that the quantity demanded will not change as much even if they raise prices. This is as opposed to Japan where the quantity demanded will change more if they increase prices.
You receive results from the team engagement survey. According to the survey, your team members feel that the feedback they provide to management is not being taken into consideration quickly enough. Assuming all options are possible, what would you be most and least likely to do?
Answer: Most: Discuss the issue with your team. Ask team members for suggestions on how to better incorporate their
Least: Talk to your peers who received similar feedback and brainstorm together on how to better engage the team.
Explanation:
You probably wish you could get more input from your employees if you're like most managers. Quality feedback will help all of you work together, improve your style of leadership, and make sure you catch problems before they become big issues.
While the members of your team must be the ones to come up with the ideas, there are many things you can do to make it better and more productive to produce them.
Your methodology offers an example.
The first step in starting your own business is:
Answer:
go to an investor to find a building
Explanation:
"Uterine family" is the phrase Margery Wolf uses to describe the family a woman makes by having children though they are not officially recognized as members of the same lineage.
a. True
b. False
Answer: b. False
Explanation:
According to Wolf (1994, 226), "the true family of a woman in the Chinese kinship system includes her uterine family, which includes the mother of the woman and the children of her mother."
In her book, Wolf tries to explain the advantages of having uterine families in the Chinese system of kinship, explaining that both the uterine family of the maternal parent of a woman and her individual uterine relationships are produced through child delivery, becoming crucial factors that contribute to the fulfillment of a woman in her life.
Kohl Company lent $49,587 to Hemingway, Inc, accepting Hemingway's 2-year, $60,000, zero-interest-bearing note. The implied interest rate is 10%. Prepare Kohl's journal entries for the initial transaction, recognition of interest each year, and the collection of $60,000 at maturity.
Answer:
Date Account Titles Debit Credit
Notes Receivable $60,000
Discount on Notes Receivable $10,413
Cash $49,587
Discount on Notes Receivable $4,959
Interest Revenue $4,959
Discount on Notes Receivable $5,454
($49587+$4959)*10%
Interest Revenue $5,454
Cash $60,000
Notes Receivable $60,000
Drew gets married in January of 2019 and provides support for his stepdaughter, Melissa, who is 26 years old. Melissa does not earn any income in 2019 since she is a full-time graduate student. Which of the following is true regarding Melissa as a qualifying relative
a. Melissa qualifies based on her age of 26
b. Melissa qualifies based on her earned income
c. Melissa qualified because there is no age limit on qualifying relatives
d. Both B and C are correct
Answer: D. Both B and C are correct
Explanation:
Based on the scenario and the information provided in the question, we should note that Melissa qualified as a qualifying rekative because there is no age limit on qualifying relatives.
Also, since Melissa doesn't earn any income in 2019 because she's a full time graduate student, Melissa qualifies based on her earned income.
Therefore, option B and C are correct.
Suppose a public good that is worth $1 billion is not produced by the market, and so the government provides it, but at a cost of $3 billion. This attempt to correct a market failure has:
Answer: resulted in a government failure since use of resources is now less efficient
Explanation:
Market failure is an economic situation when there is an inefficient distribution of goods and services which occurs in the free market. The main cause of market failure is disequilibrium as a result of distortion on the market.
When a public good that is worth $1 billion is not produced by the market, and so the government provides it, but at a cost of $3 billion, this attempt to correct a market failure has resulted in a government failure since use of resources is now less efficient. This is because the cost of the public good is more than its worth. This signifies wastage and results in government failure.
Ahrends Corporation makes 46,000 units per year of a part it uses in the products it manufactures. The unit product cost of this part is below:
Direct materials $14.30
Direct labor 23.90
Variable manufacturing overhead 3.00
Fixed manufacturing overhead 28.30
Unit product cost $69.50
An outside supplier has offered to sell the company all of these parts it needs for $6700 a unit If the company accepts this offer, the facilities now being used to make the pert could be used to make more units of o product that is in high demand. The additional contribution margin on this other product would be $424,000 per year f the part were purchased from the outside supplier, all of the direct labor cost of the part would be avoided. However, $28.40 of the fixed manufacturing overhead cost being applied to the pert would continue even if the part were purchased from the outside supplier. This fixed manufacturing overhead cost would be applied to the company's remaining products.
Required:
What is the maximum amount the compeny should be willing to pay an outside supplier per unit for the part if the supplier commits to supplying all 53,000 units required eoch year?
Answer:
$95.40
Explanation:
Make Costs Outside Supplier
Direct materials $14.30 $0
Direct labor $23.90 $0
Variable manufacturing overhead $3.00 $0 Fixed manufacturing overhead $28.30 $28.40
Purchases Price $0 $67.00
Unit product cost $69.50 $95.40
Conclusion
The maximum amount the company should be willing to pay an outside supplier per unit for the part would be $95.40
Sqeekers Co. issued 10-year bonds a year ago at a coupon rate of 8.2 percent. The bonds make semiannual payments and have a par value of $1,000. If the YTM on these bonds is 6.5 percent, what is the current bond price
Answer:
The current price of the bond is $1,114.47
Explanation:
The computation of the current bond price is as follows:
Here we have to applied the present value formula by putting the following information
Given that
Par value = Future value = $1,000
NPER = (10 - 1) × 2 = 18
RATE = 6.5% ÷ 2 = 3.25%
PMT = $1,000 × 8.2% ÷ 2 = 41
The formula is given below:
= -PV(RATE;NPER;PMT;FV;TYPE)
After applying the above formula, the current price of the bond is $1,114.47
Monthly sales are $530,000. Warranty costs are estimated at 5% of monthly sales. Warranties are honored with replacement products. No defective products are returned during the month. At the end of the month, the company should record a journal entry with a credit to:
Answer:
Credit to Estimated Warranty Payable for $26,500
Explanation:
Based on the information given we were told that the Monthly sales were the amount of $530,000 in which the Warranty costs are estimated at 5% of the monthly sales which means that at the end of the month, the company should record a journal entry with a credit to: Estimated Warranty Payable for the amount of $26,500 which is calculated as:
Estimated Warranty Payable=$530,000 × 5%
Estimated Warranty Payable = $26,500
Would it be wise for a young company that is growing quickly but still hasn’t achieved profitability to attempt to issue bonds as a way to expand its working capital?
Answer:
It would not be wise for the young company to attempt to issue a bond as a way of expanding its capital. This is because, the company still has to be able to find a balance between its expenditure and income before it can think towards expansion. If this is not met, they might run into series of financial debts while trying to expand.
Explanation:
Twenty percent of all businesses in the United States are corporations, and they account for 80% of the total business dollars generated. True False
Answer:
True
Explanation:
Your friend currently works as an accountant at a public accounting firm in the small town of Beaver Falls, Pennsylvania. He is offered a job in San Francisco for $60,000. Your friend calls you and tells you that he is excited about the new job offer, which gives him a raise from his current salary of $50,000. Based on your knowledge of economics, you think that
Answer:
A. your friend most likely should not be quite so excited because the extremely high cost of living in New York City means his real salary increase will be less than he imagined.
Explanation:
Here are the options to this question :
A. your friend most likely should not be quite so excited because the extremely high cost of living in New York City means his real salary increase will be less than he imagined.
B. your friend has no reason to be excited because higher pay implies more job responsibilities and more working hours.
C. your friend has every reason to be excited because he will be getting paid 120% of what he used to be paid.
D. your friend has reason to be excited because in a bigger city he will have more things to do and his higher salary will allow him to spend on those activities.
Cost of living in a big town is higher than living in a small town. Even though the nominal income of my friend has increased, the real income might not have increased due to the high cost of living in a big city.
Nominal income is the money income being earned. My friend's nominal income would increase from $50,000 to $60,000 if he takes the new job.
Real income is the purchasing power of income
To download your presentation as pictures, choose this option. Download a Copy Download as Images Download as ODP Download as PDF Question 4(Multiple Choice Worth 5 points) (04.07 LC) What is the name of the spelling checker in PowerPoint Online that can be used to check the spelling in the entire presentation? Check Slide Proof Check Review Slide Slide Check Question 5(Multiple Choice Worth 5 points) (04.07 MC) Ava is at her first job interview, and the interviewer asks her a difficult question she hasn't prepared to answer. What should Ava do? Just start talking. She'll eventually get to an answer. Ask the interviewer for an easier question. Take a deep breath and gather her thoughts. Tell an unrelated story that makes her look smart. You must check the box below prior to submitting your exam! Check this box to indicate you are ready to submit your exam FDK71.10 Previous QuestionNext Question
Answer: Its choose a pdf
Explanation:
when you download a pic it goes to a pdf
Answer:
download a pdf
Explanation:
Although the cost-plus method approach to product pricing may be used by management as a general guidance, when are some examples of other factors that managers should also consider in setting product prices?
Answer: value-based pricing.
Explanation:
In its literal sense, value-based pricing means basing pricing on the advantages of the product perceived by the consumer rather than on the exact cost of product creation. A painting, for example, may be priced as much more than canvas and paint prices: in fact, the price depends a lot on who the painter is.
Explain in your own words why in the short run a firm may continue to produce even at a loss provided the price is more than the average variable cost. Also, provide an example of when a firm might face this decision.
Answer: The firms are faced with two options, the first is covering variable cost, which they can consider in a short run, which they can pay some of their fixed cost. If they shut down completely they would pay all their fixed costs.
Explanation:
The firms are faced with two options, the first is covering variable cost, which they can consider in a short run, which they can pay some of their fixed cost. Alternatively, if they shut down completely they would pay all their fixed costs. As long as the operating cost is not much, they would keep working.
Bateman Corporation sold an office building that it used in its business for $800,750. Bateman bought the building 10 years ago for $599,625 and has claimed $201,125 of depreciation expense. What is the amount and character of Bateman's gain or loss
Answer:
Bateman Corporation
a. The amount of the gain = $402,250.
b. The character of the gain is long-term capital gain.
Explanation:
a) Data and Calculations:
Sale proceeds from office building = $800,750
Purchase cost of building = $599,625
Period of building before sale = 10 years
Depreciation claimed on building = $201,125
Net book value of building = $398,500 ($599,625 - $201,125)
Capital gain on sale of building = $402,250 ($800,750 - $398,500)
b) Bateman Corporation will record a capital gain of $402,250. This is the difference between the sale proceeds from the building and the net book value of the building after deducting the depreciation expenses claimed on the building. It is a long-term capital gain, which is taxed under the reduced rate.
Manufacturing overhead was estimated to be $400,000 for the year along with 20,000 direct labor hours. Actual manufacturing overhead was $415,000, actual labor hours were 21,000. The predetermined manufacturing overhead rate per direct labor hour would be:
Answer:
The predetermined manufacturing overhead rate per direct labor hour is $20
Explanation:
The computation of the predetermined manufacturing overhead rate per direct labor hour is shown below:
= Estimated manufacturing overhead ÷ direct labors hours
= $400,000 ÷ 20,000 direct labor hours
= $20
hence, the predetermined manufacturing overhead rate per direct labor hour is $20
We simply applied the above formula so that the correct value could come
And, the same is to be considered
A system of performance measures, including nonfinancial measures, used to assess company and division manager performance is: _________
a. Hurdle rate.
b. Return on investment.
c. Balanced scorecard.
d. Residual income.
e. Investment turnover.
Answer:
C. Balanced scorecard
Explanation:
Most company assesses the performance of its division manager through a non financial measurement. This process is called balanced scorecard. It measures how well these managers have performed overtime without any financial measurement.
This system enables a manager to give account of how well he or she has performed during the course of carrying out his or her duties.
Russell Co. reports sales revenue of $30,600 and interest revenue of $5,600. Its comparative balance sheet shows that accounts receivable decreased $4,600 and interest receivable increased $1,150. Compute cash provided by operating activities using the direct method
Answer:
Cash provided by operating activities $39,650
Explanation:
The computation of the cash provided by operating activities under the direct method is as follows:
Sales Revenue $30,600
Decrease in Account Receivable $4,600
Interest Revenue $5,600
Increase in Interest Receivable - $1,150
Cash provided by operating activities $39,650
We simply applied the above sequence so that the correct value could come
And, the same is to be considered
In the equation of exchange, the average number of times a dollar is used to purchase a final good or service is the __________ of money.
Answer:
Explanation:
Exchange
Tom Cruise Lines Inc. issued bonds five years ago at $1,000 per bond. These bonds had a 30-year life when issued and the annual interest payment was then 14 percent. This return was in line with the required returns by bondholders at that point as described below: Real rate of return 5 % Inflation premium 5 Risk premium 4 Total return 14 %
Answer:
Price of the bond = $1,252.65 (Approx)
Explanation:
Required Return = Real rate of return + Risk premium + Inflation premium
Required Return [After 5 yr] = 5% + 4% + 2%
Required Return [After 5 yr] = 11%
Number of year left [for maturity] = 30 -5 = 25 year
Interest payment = $1,000 x 14%
Interest payment = $140
Using Formula in excel;
Price of the bond = pv(rate,nper,pmt,fv)
Price of the bond = pv(11%,25,140,1000)
Price of the bond = $1,252.65 (Approx)
On this graph, what does the green arrow represent?
Answer:D
Explanation:
A company has a beta of 1.8, pre-tax cost of debt of 5.3% and an effective corporate tax rate of 28%. 34% of its capital structure is debt and the rest is equity. The current risk-free rate is 0.7% and the expected market risk premium is 5.8%. What is this company's weighted average cost of capital
Answer:
the weighted average cost of capital is 8.65%
Explanation:
The computation of the weighted average cost of capital is as follows:
But before that cost of equity could be determined which is
As we know that
Cost of Equity = Risk-free Rate + [Beta × Market risk premium]
= 0.7% + [1.8 × 5.8%]
= 11.14%
Now the weighted average cost of capital is
= Pre tax cost of debt × (1 - tax rate) × weight of debt + cost of equity × weight of equity
= 5.3% × (1 - 0.28) × 0.34 + 11.14% × (1 - 0.34)
= 1.30% + 7.35%
= 8.65%
Hence, the weighted average cost of capital is 8.65%
Tawstir comany corporation has 400 obsolte tv monitor that they carry in their inventory at the intotal cost of 576000. if these monitor are upgrade at a total cost of 170000 they can be sold for a total of 230000. As an alternative, the computers can be sold in their present condition for $40,000.
Required:
What is the net advantage or disadvantage to the company from upgrading the computers rather than selling them in their present condition?
Answer:
the net advantage of upgrading is $20,000
Explanation:
The calculation of the net advantage or disadvantage is given below:
After upgrading Sales value $230,000
Less: present sales value -$40,000
Upgrading Incremental advantage $190,000
Less: upgrading total cost ($170,000)
Net advantage of upgrading $20,000
Therefore, the net advantage of upgrading is $20,000
Sharon made a $160,000 interest-free loan to her son, Todd, who used the money to pay for his masters at Baruch. Todd’s only sources of income were $25,000 from a florist business he runs part time and $490 of interest on his checking account. The relevant Federal interest rate was 5%. Based on the above information:_____
a. Todd's business net profit will be reducod by $3,000 (0S x $60,000) of interest expense.
b. Sharon must recognize $3,000 (0.05 x $60,000) of imputed interest income on the below- market loan.
c. Todd's gross income must be increased by the $3,000 (05 × $60.000) imputed interest income on the below market loan.
d. Sharon does not recognize any imputed interest income and Todd does not recognize any imputed interest expense.
e. None of the above is correet.
Answer: Sharon does not recognize any imputed interest income and Todd does not recognize any imputed interest expense.
Explanation:
Based on the information that is provided in the question, we should note that Sharon does not recognize any imputed interest income and Todd does not recognize any imputed interest expense.
We should note that interest is recorded in the book of account if it's receivable or if it's payable for accounting purpose.
(b) Store keeping
(c) Store keeper
(d) Inspection
(e) receiving
QUESTION TWO.
List down contents of GRN
Answer:
See Below
QUESTION TWO.
contents of GRN
Explanation:
GRN stands for goods received note. GRN is prepared by the purchasing entity to confirm receipt of goods ordered. The store's department prepares the GRN in multiple copies, confirming that the goods received are of the right quantity as what was ordered. One the copies is sent to the accounts department.
The components of A good received note include
1. The name of the supplier
2. The type or types of products delivered
3. Quantities delivered of each product
4. Date and time of delivery
5. Name and signature of the supplier
6. Name and signature of the store's representative
If the growth rate of dividends increases and the required rate of return stays the same, the stock price will
Answer: Rise
Explanation:
Using the Gordon Growth model to calculate stock price, if growth rate were to rise and required return remained the same, the stock price will rise.
The formula is;
Stock price = (Dividend * (1 + growth rate)) / ( required return - growth rate)
Looking at the formula, if growth rate increases, the numerator will increase and the denominator will decrease. This combined, will increase stock price.
For instance, assume growth rate is 5%, required return is 10% and dividend is $1
Price = (1 * 1.05) / (10% - 5%)
= $21
Growth rate increases to 7%
Price = (1 * 1.07) / (10% - 7%)
= $35.67
Price increased.
What does the fox say? I am not talking about the song, what does it say in real?
Answer:
The most commonly heard red fox vocalizations are a quick series of barks, and a scream-y variation on a howl. All fox vocalizations are higher-pitched than dog vocalizations, partly because foxes are much smaller.
Explanation:
Hope this helps ✌
1. Go to thrift shop or goodwill and find albums that you like the cover of, put them on your wall!
2. Get mason jar write i’ll be there for you on it, get string lights that have the colors of the logo on it.(red,blue,yellow)
3. Print friends logo and cut it out, find or print pictures of your friends, put the items on your wall.
4. Find frame with glass or buy one, print pictures of things you like, modge podge the pictures on the glass ,put it on your wall.
5. If you have a bookshelf rearrange the books in rainbow order.
Answer:
Explanation:
that looks awesome!!
Suppose the real rate is 4.5 percent and the inflation rate is 6.1 percent. What rate would you expect to see on a Treasury bill
Answer:
10.87%
Explanation:
real rate of return = [(1 + nominal rate of return) / (1 + inflation rate)] - 1
real rate of return = 4.5%inflation rate = 6.1%1 + 4.5% = [(1 + nominal rate of return) / (1 + 6.1%)]
1.045 x 1.061 = 1 + nominal rate of return
1.108745 = 1 + nominal rate of return
0.108745 = nominal rate of return
