Answer:
Option c (DM = about 1.13 DG) is the right approach.
Explanation:
Given:
DM price,
= 2.0583
DG price,
= 2.3194
Now,
By cross rates, the DG price of DM will be:
= [tex]\frac{2.3194}{2.0583}[/tex]
= [tex]1.13[/tex]
Thus the above is the correct option.
macarthy landscape supply's selected accounts follow Selling Expenses $12,900 Interest Revenue 900 Net Sales Revenue 134,700 Cost of Goods Sold 114,000 Administrative Expense 10,200 compute gross profit percentage
Answer:
15.37%
Explanation:
Computation of the gross profit percentage
First step is to calculate the Gross profit using this formula
Gross profit = Net sales revenue - Cost of goods sold
Let plug in the formula
Gross profit= $134,700 - $114,000
Gross profit= $20,700
Now let determine the Gross profit percentage using this formula
Gross profit percentage = Gross profit / net sales revenue
Let plug in the formula
Gross profit percentage= $20700/ $134700
Gross profit percentage= 15.37%
Therefore Gross profit percentage is 15.37%
Partial annual report of a company shows the following information. Calculate the inventory turnover for this company. Net revenue $75,000 Cost of goods sold $62,000 Value of raw materials on-hand $12,300 Value of work-in-process inventory $5,000 Value of finished goods on-hand $6,700
Answer: More than
Explanation:
Inventory turnover will be calculated as:
= Cost of goods sold / Average Inventory
Average Inventory will be:
= (Beginning inventory + Ending inventory) / 2
= ($5000 + $12300)/2
= $17300/2
= $8650
Then, Inventory turnover will be:
= Cost of goods sold / Average Inventory
= $67000/$8650
= 7.74
The correct option is "More than 4"
If the company's return on assets is 13% and the industry average is 10%, the company's return on assets ratio is _____ the industry average.
Answer: better than
Explanation:
Return on assets refers to a profitability ratio which shows the amount of profit that a company will make from its assets. The return on assets is calculated by dividing the net income of the business by the total assets.
Since a company's return on assets is 13% and the industry average is 10%, then we can infer that the company's return on assets ratio is better than the industry average.
Based on this model, households earn income whenfirms purchaselabor and capital in markets for factors of production. Suppose Simone earns $525 per week working as a jewelry appraiser for Classy's Jewelry Store. She uses $10 to order a mojito cocktail at Little Havana. Little Havana pays Rajiv $300 per week to wait tables. Rajiv uses $175 to purchase a necklace from Classy's Jewelry Store. Identify whether each of the following events in this scenario occurs in the market for factors of production or the market for goods and services. Event Market for Factors of Production Market for Goods and Services Simone spends $10 to order a mojito cocktail. Simone earns $525 per week working for Classy's Jewelry Store. Rajiv spends $175 to purchase a necklace from Classy's Jewelry Store. Which of the elements of this scenario represent a flow from a household to a firm
Answer:
a. Event Market for Factors of Production Market for Goods and Services
1. Market for Goods and Services (Simone spends $10 to order a mojito cocktail.)
2. Market for Factors of Production (Simone earns $525 per week working for Classy's Jewelry Store.)
3. Market for Goods and Services (Rajiv spends $175 to purchase a necklace from Classy's Jewelry Store.)
b. Flows from a household to a firm:
Simone spends $10 to order a mojito cocktail.
Rajiv spends $175 to purchase a necklace from Classy's Jewelry Store.
Explanation:
In the product market (the market for goods and services), Simone and Rajiv, representing households spend their earned income in exchange for goods and services produced by firms. In the market for factors of production (factor market), Simone and Rajiv offer their labor, capital, and other factors of production to firms in exchange for income. There is a continual exchange in the two markets between households and firms.
Labor power is a special commodity right or wrong?
Answer:
Right.
Explanation:
The labor market is as much a commodity as the materials are to be processed.
Labor power is a unique commodity in that it is a characteristic of living people who own it in their own bodies. They cannot permanently sell it to someone else because they own it within themselves; otherwise, they would be a slave, and a slave does not own himself.
If two companies have the same return on equity (ROE), they will also have the same return on assets (ROA).
a. True
b. False
Answer:
False B
Explanation:
I took the test and got it right on FLVS:)
Hope this help's
Melanie is the director of human resources for a small manufacturing firm. She has a strong personal interest in technology, and is known throughout the firm as the one with the most knowledge about new kinds of communications technologies. If the firm decides to upgrade its network, Melanie will probably function in what role in the firm's buying center
Answer:
Influencer
Explanation:
An influencer is a person that has the ability to affect the purchasing decision of customers through their authority, position, relationship, or relationship.
They have good social relations and this is an asset in directing customer buying decision.
In the given scenario Melanie has a strong personal interest in technology, and is known throughout the firm as the one with the most knowledge about new kinds of communications technologies.
This knowledge will be beneficial in the buying centre, where she can be an influencer.
XYZ has the following for the January budget: Budgeted sales are $210,000; Cost of goods sold averages 66% of sales; Marketing costs are $3,600; Distribution costs are $5,300; Administrative costs are $10,100. The budgeted nonmanufacturing costs are
Answer:
Budgeted manufacturing cost= $138,600
Explanation:
Giving the following information:
Budgeted sales are $210,000
Cost of goods sold averages 66% of sales
To calculate the budgeted manufacturing costs, we need to use the following formula:
Budgeted manufacturing cost= sales*COGS ratio
Budgeted manufacturing cost= 210,000*0.66
Budgeted manufacturing cost= $138,600
Suppose the ABC bank has excess reserves of $3,000 and checkable deposits of $50,000. If the reserve requirement is 20 percent, what is the size of the bank's actual reserves?
a. $53,000
b. $13,000
c. $10,000
d. $7,000
Answer:
b. $13,000
Explanation:
Calculation to determine the size of the bank's actual reserves
Using this formula
Actual reserves size=Excess reserves+(Checkable deposits*Reserve requirement)
Let plug in the formula
Actual reserves size=$3,000+(.20*$50,000)
Actual reserves size=$3,000+$10,000
Actual reserves size=$13,000
Therefore the size of the bank's actual reserves is $13,000
To maintain competitive prices, control of costs is critical. Management has considered moving production overseas, but so far they are committed to remaining in the U.S. Management has decided to permit their employees to participate in setting up a new standard cost system. Management likely expects the new standard cost system, along with the employee input, to provide all of the following benefits except that:_______
a. Employees who participate in setting standards may be more efficient.
b. Standard costs will help management in uncovering potential cost problems.
c. Unfavorable variances are more likely to occur
d. Standard costing permits management by exception, which should save some time.
Answer:
C)Unfavorable variances are more likely to occur.
Explanation:
From the question we are informed about an instance, whereby To maintain competitive prices, control of costs is critical. Management has considered moving production overseas, but so far they are committed to remaining in the U.S. Management has decided to permit their employees to participate in setting up a new standard cost system. In this case, Management likely expects the new standard cost system, along with the employee input, to provide all of the following benefits
✓ Employees who participate in setting standards may be more efficient.
✓Standard costs will help management in uncovering potential cost problems.
✓Standard costing permits management by exception, which should save some time.
Competitive pricing can be regarded as process involving selection of strategic price points so that advantage of a product/service can be take base on market relative to competition. Competitive pricing can be utilized in a case whereby price for a product/ service has gotten to level of equilibrium. Cost control can be regarded as practice which involves identification as well as reduction of business expenses so that profit can be increased usually begins as budgeting process.
According to the CAPM, what is the expected market return given a required return on a security of 14.6%, a stock beta of 1.2, and a risk-free interest rate of 5%
Answer:
13%
Explanation:
According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)
14.6% = 5% + 1.2(market rate of return - 5%)
14.6% = 5% + 1.2 x market rate of return - 6%
14.6% = -1%+ 1.2 x market rate of return
14.6% + 1% = + 1.2 x market rate of return
15.6% = + 1.2 x market rate of return
15.6% / 1.2 = market rate of return
market rate of return = 13%
Identify the following questions as most likely to be asked by an internal or an external user of accounting information.
______ 1. Shareholders
______ 2. Creditors
______ 3. Nonexecutive employee
______ 4. Research and development director
______ 5. Purchasing manager
______ 6. Human resources director
______ 7. Production supervisors
Answer:
Find the answers below
Explanation:
1. Shareholders - External users
2. Creditor - External users
3. Nonexecutive employee - External users
4. Research and development director - internal users
5. Purchasing manager - internal users
6. Human resources director - internal users
7. Production supervisors - internal users
Which is not a type of contamination in a good establishment
Answer:
Explanation:
a genogram (also known as a mcgoldrick-gerson study, a lapidus schematic or a family diagram) is a pictorial display of a person's family relationships and medical history. it goes beyond a traditional family tree by allowing the user to visualize hereditary patterns and psychological factors that punctuate relationships.vb
A company had interest expense of $7,800, income before interest expense and income taxes of $19,200, and net income of $9,600. The company's times interest earned ratio equals:
Answer:
2.5 times
Explanation:
The company's times interest ratio is computed as;
= Income before interest expense and income taxes / Interest expenses
Given that;
Income before interest expense and income taxes = $19,200
Interest expenses = $7,800
Then,
Company's interest times ratio = $19,200 / $7,800
Company's interest times ratio = 2.5 times
Formal written promises to pay suppliers or lenders specified sums of money at definite future times are known as a.accounts receivable. b.notes payable. c.accounts payable. d.All of these choices are correct.
Answer:
B)Notes payable.
Explanation:
Notes payable can be regarded as written agreements which is a (promissory notes) whereby there is agreement by one party to pay other party a definite amount of cash. Note payable can as well be regarded as loan between two parties. A note payable usually consist information such as the amount to be paid as well as interest rate. It should be noted that Formal written promises to pay suppliers or lenders specified sums of money at definite future times are known as Notes payable.
You are told that standing up during the Cowboys football game will give you a better view of the field. However, if everyone stands up at the same time, then your view is obscured. This example best describes:
a. inclusion of an irrelevant variable.
b. a violation of ceteris paribus .
c. a fallacy of composition.
d. a post hoc ergo propter hoc fallacy.
e. an omission of a relevant variable.
Answer:
I think the answer is e. Because you the variable that if everyone stands up you cant see is omitted.
United Airlines is considering purchase of two alternative planes. Plane A has an expected life of 5 years., will cost $100 million, and will result in net cash flow of $30 million every year. Plane B has a life span of 10 years, will cost $132 million, and will produce net cash flow of $25 million per year. United Airlines plan to serve the route only for 10 years. Inflation in operating costs, airline costs and fares are expected to be zero. The company's cost of capital is 12%. By how much would the value of the company increase if the company accepts the better project ( plane).
Answer:
United Airlines
The value of the company would increase by $9.25 million if it accepts the better project (Plane B).
Explanation:
a) Data and Calculations:
Alternative 1 Alternative 2
Plane A Plane B
Initial project cost $100 million $132 million
Annual net cash inflow $30 million $25 million
Expected lifespan 5 years 10 years
Cost of capital = 12%
Present value Annuity factor 3.605 5.650
Present value of cash inflows $108,150,000 $141,250,000
Net present value = $8,150,000 $9,250,000
The better project (plane) is Plane B.
What of the following DO NOT represent the Cost-benefit analysis of going to college?
a. Having a student loan (debt)
b. Having a stable job with a high salary
c. Having an education
d. Getting a degree
Answer: b. Having a stable job with a high salary
Explanation:
The Cost-benefit analysis takes into account the costs and rewards of doing something. It however only takes into account costs and benefits that are directly attributable to the thing in question.
The Cost benefit analysis of going to college for instance would include the cost of college which is having to take a student loan most times and therefore incurring debt.
The benefits however include, having an education and getting a degree.
Getting a degree is not a guarantee that you will get a stable job with a high salary so this is not directly related to going to college and so cannot factor into the cost benefit analysis of college.
ways an entrepreneur can attain objectives of being self employed
Answer:
An entrepreneur can achieve his objectives of being self employed in the following ways.
1 Works Hard. ...
2 When he/she is Energetic. ...
3 Wants Financial Success. ...
4 Has Family Support:
5 Takes Risks: ...
6 Sacrifices Employment Benefits: ...
7 Has a Need to Achieve: ...
8 Has Business Experience:
An investor sells 100 shares short at $43. The sale requires a margin deposit equal to 60 percent of the proceeds of the sale. The company paid a cash dividend of $1 per share. If the investor closed the position at $38, what was the percentage earned or lost on the investment
Answer:
15.5%
Explanation:
We first calculate the beginning value of the investment
= 43$x100 = 4300
We find ending value = $38x100 = 3800
We find dividend = $1x100 = $100
Profit therefore = 4300-3800-100 = 400
Investment = 60% x 4300= 2580
ROI = 400/2580 = 0.1550 = 15.5%
Therefore calculated percentage = 15.5%
Thank you!
Concentration is the ability to focus and pay
Answer:
nice
Explanation:
We discussed two types of demand in class. The first type is associated with the primary product (e.g., automobiles) and the second type is related to a component part of the primary product (e.g., tires). In order, these are:_______.
a. Dependent and independent demand
b. Primary and forecast demand
c. Independent and dependent demand
d. Independent and secondary demand
e. Dependent and linked demand
Answer:
Actually I can demand 1 class OK?!
Explanation:
BECAUSE I CAN
A is the answer
Gilmore, Inc., had equity of $135,000 at the beginning of the year. At the end of the year, the company had total assets of $290,000. During the year, the company sold no new equity. Net income for the year was $29,000 and dividends were $3,400. a. What is the sustainable growth rate for the company
Answer:
A. 18.96%
B. 18.96%
C. 15.94%
Explanation:
A. Calculation to determine the sustainable growth rate for the company
First step is to calculate the Ending equity
Ending equity = 135,000 + 29,000 -3,400
Ending equity=$160,600.
Second step is to calculate the return on equity
Return on equity =29,000/160,600
Return on equity=0.18057285
Third step is to calculate the retention ratio
Retention ratio =(Net income- dividends) / Net income
Retention ratio= (29,000-3400) / 29,000
Retention ratio=25,600 /29,000
Retention ratio=0.88275862.
Now let calculate the Sustainable growth rate using this formula
Sustainable growth rate = (Return on equity *Retention ratio) / [1-(Return on equity*retention ratio)]
Let plug in the formula
Sustainable growth rate=(0.18057285*0.88275862)/ [1-(0.18057285*0.88275862)]
Sustainable growth rate=0.15940224/ [1-0.15940224]
Sustainable growth rate=0.1896*100
Sustainable growth rate=18.96%.
b. Calculation to determine the sustainable growth rate if you use the formula ROE band beginning of period equity
First step is to calculate the return on equity using beginning of the period equity
Return on equity using beginning of the period equity=$29,000 /135,000
Return on equity using beginning of the period equity=0.21481481.
Now let calculate the sustainable growth rate if you use the formula ROE band beginning of period equity
roe * b = 0.21481481*0.88275862
ROE band=0.1896*100
ROE band=18.96%.
c.return on equity using ending of period equity = 29,000/160,600
=>0.18057285
roe*b=>0.18057285*0.88275862
=>0.1594
=>15.94%.
The concept of leverage is that a.a high debt-to-equity ratio is favorable. b.it is appropriate to borrow if the return on the assets is greater than the cost of the financing. c.it is appropriate to borrow as long as the lender approves the loan. d.it is unfavorable to borrow funds rather than raise the capital from stockholders.
Answer:
b. it is appropriate to borrow if the return on the assets is greater than the cost of the financing.
Explanation:
A leverage can be defined as a process which typically involves the use of fixed-charged assets or items in a business with the intention of multiplying potential financial gains and returns.
In Financial accounting, the concept of leverage is that it is appropriate for a business firm to borrow an amount of money (debt), if the return on the assets (capital gain or income) is greater than the cost of the financing (debt or borrowed money).
Basically, financial leverage which is also known as trading on equity, is the utilization of debt (borrowed money) to acquire or purchase new assets with the intent and expectation that the income generated from these assets would exceed the cost incurred from borrowing. Thus, a business that engages in financial leveraging assumes that it would generate a higher income or capital gain from the amount of debt (borrowed money) used in its capital structure.
Mullee Corporation produces a single product and has the following cost structure: Number of units produced each year 7,000 Variable costs per unit: Direct materials $ 51 Direct labor $ 12 Variable manufacturing overhead $ 2 Variable selling and administrative expense $ 5 Fixed costs per year: Fixed manufacturing overhead $441,000 Fixed selling and administrative expense $112,000 The absorption costing unit product cost is:________
a. $65 per unit
b. $128 per unit
c. $63 per unit
d. $149 per unit
Answer:
unitary absorption production cost= $128
Explanation:
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
First, we need to calculate the unitary fixed manufacturing overhead:
Unitary fixed overhead= 441,000 / 7,000= $63
Now, the unitary absorption production cost:
unitary absorption production cost= 51 + 12 + 2 + 63
unitary absorption production cost= $128
Winona and Hubert need to decide which one of them will take time off from work to complete the rather urgent task of shearing their llamas. Winona is pretty good with a pair of shears; she can shear the llamas in 1 hour. Hubert is somewhat slow; it takes him 9 hours to shear the llamas. Winona earns $200 per hour as a psychiatrist, while Hubert earns $25 per hour as a cobbler. Keeping in mind that either Winona or Hubert must take time off from work to shear the llamas, who has the lowest opportunity cost of completing the task
Answer: Winona has the lowest opportunity cost of completing the task.
Explanation:
Based on the information given in the question, the opportunity cost will be calculated as:
= Earnings per hour × Hours taken to complete the task
Therefore, for Winona, the opportunity cost will be:
= 1 × $200.
= $200.
For Hubert, the opportunity cost will be:
= 9 × $25
= $225
Therefore, based on the calculation above, Winona has the lowest opportunity cost of completing the task.
Select the behavior related to dress or posture that will be most effective in helping Shawna accomplish her goals.
a. Shawna clasps her hands behind her back so that the audience cannot see them shaking, and to project confidence.
b. Shawna has her formal gown dry-cleaned so that it will be ready for her to wear at the event.
c. Shawna crosses her arms to appear powerful and in charge.
d. Shawna wears a hard hat and kitchen apron to emphasize the hard work done by volunteers.
Answer: b. Shawna has her formal gown dry-cleaned so that it will be ready for her to wear at the event
Explanation:
The behavior that's related to dress or posture that will be most effective in helping Shawna accomplish her goals is that Shawna has her formal gown dry-cleaned so that it will be ready for her to wear at the event.
Unlike other options such as her clasping her hands behind her back so that the audience cannot see them shaking, and to project confidence and her crossing her arms to appear powerful and in charge, having her dress ready for the event is appropriate as it will help achieve her goal
Therefore, the correct option is B.
On April 15, 2012, Andy purchased some furniture and fixtures (7-year property) for $10,000 to be used in his business. He did not elect to expense the equipment under Section 179 or bonus depreciation. On June 30, 2020, he sells the equipment. What is the cost recovery deduction for 2020
Answer:
$874.50
Explanation:
Calculation to determine the cost recovery deduction for 2020
2020 cost recovery deduction = $10,000 × 17.49% × ½
2020 cost recovery deduction = $874.50
Therefore the cost recovery deduction for 2020 is $874.50
ABC Company's production budget for March is 32,000 units. Budgeted fixed overhead is $64,000. ABC's standard fixed overhead application rate is $2 per machine hour and each unit is allowed a standard of 1 hour of machine time. Actual fixed overhead for March is $67,000 Actual production in March is 36,000 units. To calculate its standard fixed overhead application rate, ABC divided its budgeted (units/overhead) by its budgeted (units/overhead)
Answer:
Overheads by its budgeted units.
Explanation:
Given that
Budgeted fixed overhead = $64,000
Budgeted output = 32,000 units
We know that
Standard fixed overhead application rate is
= Budgeted fixed overhead ÷ Budgeted output
= $64,000 ÷ 32,000
= $2 per unit
So, Overheads by its budgeted units.
Because stocks rely on dividends as the principal source of cash flow, ascertaining stock prices is an easier and more precise process than the valuation of bonds, which relies on variable coupon payments.
a. True
b. False
Answer:
B
Explanation:
Shares grants ownership rights to holders of the shares.
The payment of stock is not fixed. it is variable and it depends on the net income earned by a company. stockholders are paid after bondholders have been paid.
bonds are debt instruments issued by a company
coupon payments are fixed and contractual.
bonds are thus easier to value