Answer:
Jill cannot hold the manufacturer responsible for her injury.
Explanation:
The above question is incomplete as there are several answer options which are listed below;
• Jill can hold the manufacturer liable for her injury as long as Lexi was in the room when she got
• Jill can hold the manufacturer liable for her injury
• Jill cannot hold the manufacturer responsible for her injury
• Lexi can hold the manufacturer liable for Jill's injury.
The above answer - Jill cannot hold the manufacturer responsible for her injury, is true according to the rule of privity of contract. The rule states that a person who is not a party to a contract does not have right to sue or be sued and to enforce the obligations arising from the contract, unlike a person who is a party to the contract.
With regards to the above scenario, Lexi, who buys a food processor is the party to the contract here, hence can sue and be sued in case of any injury suffered by her, however, Jill whom food processor was loaned to, is the third party here, hence not covered by the rule of privity of contract.
Which of the following is a cost of not carrying enough inventory?
a. possible worker layoffs.
b. customer disappointment
c. all of these
d. lost sales.
Answer:
c
Explanation:
if you don't have enough to sell you lose sales.
You also lose selection and can also not have what a customer wants so that would leave in customer disappointment.
then you could also not have alot of money to pay your workers which would possibly result in worker layoffs
On February 22, Brett Corporation acquired 210 shares of its $3 par value common stock for $25 each. On March 15, the company resold 62 shares for $28 each. What is true of the entry for reselling the shares
Answer:
Credit Additional Paid in Capital $186
Explanation:
Preparation of the true of the Journal entry for reselling the shares
Dr Cash 1,736
(62 x $28)
Cr Treasury Stock 1,550
(62x $25)
Cr Additional Paid-in Capital 186
(62 x $3)
Therefore the journal entry to reissue the shares for Brett Corporation On February 22 would be:
Credit Additional Paid in Capital $186
What role do group dyanmics play in financial decisions? use examples of personal and buisness financial decisions.
People who are typically sensible can be influenced by group dynamics to make decisions they would not have made otherwise. When certain members of a group help others overcome preconceptions, the results can be favorable.
What is an example of group dynamics in business financial decisions?When certain members of a group assist others in overcoming preconceptions, the results are good like Resolve problems quickly, Develop collaboration, Build communication and Help team leaders to develop.
Thus, group dynamics play an essential role in decision making.
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The result of inspection of samples taken over the past 11 days is given below. The sample size is 100 per day. Day 1 2 3 4 5 6 7 8 9 10Defectives 7 9 9 11 7 8 0 11 13 2What are the upper and lower control limits?
Answer:
UCL(p) = 0.157
LCL(p) = 0
Explanation:
Number of samples (n) = 10
Size of sample (n) = 100
We compute the defective rate P as below
P = 7 + 9 + 9 + 11 + 7 + 8 + 0 + 11 + 13 + 2 / 10 * 100
P = 77 / 1000
p = 0.077
We derive σP / value of standard deviation of the sampling distribution as shown below
σP = √P * (1-P) / n
σP = √0.077 * (1 - 0.077) / 100
σP = √0.077 * 0.923/100
σP = √0.071071/100
σP = √0.00071071
σP = 0.02665
Now we calculate the Upper Control chart limit:
UCL(p) = P +Z*σP
UCL(p) = 0.077 + 3*0.02665
UCL(p) = 0.077 + 0.07995
UCL(p) = 0.15695
UCL(p) = 0.157
Now we calculate the Lower Control chart limit:
LCL(p) = P - Z*σP
LCL(p) = 0.077 - 3*0.02665
LCL(p) = 0.077 - 0.07995
LCL(p) = -0.00295 (Negative defect cannot go beyond Zero)
LCL(p) = 0
Issuing a $1,000 par value bond with a yield to maturity of 10%. The company is in a 35 percent marginal tax bracket. What will be the firm’s after-tax cost of debt on the bond?
Answer:
6.50%
Explanation:
The after-tax cost of the debt is the yield to maturity after having deducted the tax shield which is computed using the formula below:
after-tax cost of debt=pretax cost of debt*(1-tax rate)
pretax cost of debt=yield to maturity=10%
tax rate=35%
The after-tax cost of debt=10%*(1-35%)
The after-tax cost of debt=10%*65%
The after-tax cost of debt=6.50%
A company had a beginning balance in retained earnings of $43,900. It had net income of $6,900 and declared and paid cash dividends of $5,850 in the current period. The ending balance in retained earnings equals:________
a. $5,850
b. $12,750
c. $42,850
d. $44,950
e. $56,650
Answer: d. $44,950
Explanation:
Dividends are to be paid from Retained earnings so the ending retained earnings are;
= Beginning retained earnings + Net income - dividends
= 43,900 + 6,900 - 5,850
= $44,950
Patrick took a loan of $50,000 with a repayment period of five years from a bank to start his own business. Every month he has to pay the bank $900 to repay the loan. What type of credit is demonstrated in this scenario? A. unsecured credit B. secured credit C. revolving credit D. installment credit
Answer:
b
Explanation:
Answer:
D. Installment Credit
1. When has your level of performance been directly affected by your motivation?
Answer:
Softball
Explanation:
I hate doing softball now so i dont preform as well
William's accountant made an error, and the budget has been reduced from $3000 to $2500. William's profit will go down by:________
a. $625
b. $1350
c. $1650
d. $0
What term describes a ban or restriction on trade with another country?
Answer:
Embargo is the term which is used to describe the ban or restriction on trade with another country. Explanation: Embargo is an official suspension of trade with other countries. Under this act there is a restriction of import and export of products between the countries due to specific reason.
The term that describes a ban or restriction on trade with another country is called embargo.
What is embargo?Embargo refers to an official ban on trade or other commercial activity with particular in the country. It is an official suspension of trade with other countries.
Under this act(embargo), there is a restriction of import and export of products between the countries due to specific reason.
Embargo can be placed on
Specific categories of goods.Scientific and technical information.Transport and other services,Therefore, embargo is the term that describes a ban or restriction on trade with another country.
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1. Which one of the following is considered a consumer fraud scheme?
a. Bait and switch.
b. Bait and catch.
c. Advertising.
d. Spam emails.
PLEASE ANSWER AS SOON AS POSSIBLE
Chester's Balance Sheet has $57,976,422 in equity. Further, the company is expecting $3,000,000 in net income next year. Assuming no dividends are paid and no stock is issued, what would their Book Value be next year
Answer:
Chester's Book Value would be $60,976,422 next year.
Explanation:
a) Data and Calculations:
Equity = $57,976,422
Expected net income = $3,000,000
If no dividends are paid and no stock is issued, the expected net income will be equal to the Retained Earnings for the next period.
Therefore, the book value or equity value of Chester's balance sheet for the next year will be the addition of the net income of $3,000,000 to the equity balance of $57,976,422.
This will total $60,976,422 ($57,976,422 + $3,000,000).
b) Chester's book value is the net asset value and can be calculated as total assets minus liabilities.
What methods can you use for setting the price? What tools are available for measuring the impact on your price decision?
Answer:
What methods can you use for setting the price? What tools are available for measuring the impact on your price decision?
In marketing we call it the 4 P's
1) Product
2) Price
3) Promotion
4) Place (location)
Dr. North is a busy doctor who also has three kids. Based only on this information, which source of stress is she most likely suffering from?
a. individual task demands
b. demands created by individual differences
c. work-life conflict
d. group demands
e. organizational demands
Answer:
c. work-life conflict
Explanation:
The kind of stress she is going through bis the work-life crisis. As a doctor her job is very demanding and as a mother to three kids her role at home is also likely to cause stress.
She is suffering from this because her job as a doctor demands that she attends to different patients daily, Which causes her to be exhausted and as a mom she is having difficulty paying much attention to her children. Thereby making her stressed.
When you listen, you are the___________ of the message.
Answer:
reciever
Explanation:
when you listen you are the receiver and there after you should give the relevant feed back
You are a beginning investor with only $5,000 in savings. How can you achieve a widely diversified portfolio at reasonable cost
Reginald owns a grocery and his clerks are on strike. Reginald is trying to operate the store with the help of his manager, but ten of the striking clerks are crowding near the store entrance with large picket signs. If Reginald asks you what can be done, your best answer would be for Reginald to:_______
a. seek a rescission that will return the clerks to their status quo.
b. merge law and equity.
c. seek a decree of specific performance.
d. seek an injunction.
e. hire Norris, Stallone and Segal
Answer:
merge law and equity
Explanation:
In resolving labour related or welfare issues the best way to do so will be to hear the grievances of the striking workers and try to find an equitable solution to the situation.
However if all reasonable avenues have been pursued and they still don't want to comply, then legal measures can be taken to make them work.
In this scenario Reginald should call the striking workers and try to come to an equitable solution for the business and workers where there will be a win-win.
If this does not work he can use the law to compel them to comply.
Ratios are used in financial analysis because:
a. different companies use different accounting methods.
b. raw data is difficult to evaluate across time and companies.
c. ratios are complex analysis tools.
Answer:
b. raw data is difficult to evaluate across time and companies.
Explanation:
There are various ratio that company determines like liquidity ratios, solvency ratios, etc
It helps the company to analyze its financial position, performance and profitability so that the company is able to take the goods decisions that help the company to accomplish its goals and objectives
Now as per the given option, the option b is correct as the raw data is difficult to analyze and evaluate between the time period and the companies
Therefore the correct option is b.
The company you work for has decided to double stock their 1200 head WF curtain-sided barns. What changes/adjustments would you make to the ventilation controller settings to accommodate the extra pigs? What possible deficiencies could be created by double stocking?
Answer:
Changes to make in ventilation controller settings to accomodate the extra pigs
More width area of ventilation is required
Room temperature should be maintained.2-3 F
Ceilings should not be there as by double stockings more pigs be there so no ceilings provide more area to ventilate.
Deficiencies created by double stocking
Decrease on ADG by increase split put age,( p< 0.00)
Lower ADFI also by 7%
Growth rate decreased to 10 wk on after weaning process.
Big Valley has a times interest earned ratio that is _________, which indicates that Big Valley has _________ long-term insolvency risk than the typical firm in the industry.
a. 4; the same
b. 3.91; less
c. 3.91; more
d. 4.58; more
e. 4.58; less
Answer:
C. 3.91; more
Explanation:
the first part of the question is missing. It involved several aspects of Big Valley including its current and quick ratios, ROE and how they compare to the industry's average (they are generally lower than the industry's average).
This particular question refers to times interest earned ratio = EBIT / interest expense = 3.91, and how it compares to the industry's average (it is higher than the industry's average).
Since Big Valley performs poorly against the industry's average when comparing the other 3 metrics, but performs very well in the times interest ratio, it means that Big Valley has a low debt ratio. A low debt ratio results in lower financial leverage and lower interest expense.
A stock is expected to pay a dividend of $0.50 at the end of the year (i.e., D1 = $0.50), and it should continue to grow at a constant rate of 9% a year. If its required return is 12%, what is the stock's expected price 1 years from today? Round your answer to two decimal places. Do not round your intermediate calculations.
Answer:
P1 = $18.16667 rounded off to $18.17
Explanation:
Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,
P0 = D1 / (r - g)
Where,
D1 is dividend expected for the next period /year g is the growth rate r is the required rate of return or cost of equity
To calculate the price of the stock today (P0), we use the dividend expected for the next period (D1). Similarly, to calculate the price of the stock one year from today (P1), we will use D2.
P1 = 0.5 * (1+0.09) / (0.12 - 0.09)
P1 = $18.16667 rounded off to $18.17
Lux Company uses a periodic inventory system. The company started the month with 20 lamps in its beginning inventory that cost $30 each. During the month, Lux purchased 80 additional lamps for $31 each. At the end of the month, Lux counted its inventory and found that 25 lamps remained unsold. If Lux uses the weighted average cost method, its cost of goods sold for the month is:________
Answer:
cost of goods sold = $2,310
Explanation:
beginning inventory 20 units at $30 each = $600
purchases during the month = 80 units at $31 each = $2,480
ending inventory = 25 units
using the weighted average cost method, each unit will be valued at ($600 + $2,480) / (20 + 80) = $3,080 / 100 units = $30.80
ending inventory = 25 units x $30.80 = $770
cost of goods sold = (100 - 25) x $30.80 = $2,310
Whistle Stop pays a constant annual dividend of $4 on its stock. The company will maintain this dividend for the next 3 years and will then cease paying dividends forever. What is the current price per share if the required return on this stock is 15.6 percent?
a. $10.38
b. $9.52
c. $9.04
d. $9.28
e. $10.02
Answer:
P0 = $9.04279 rounded off to $9.04
Option c is the correct answer
Explanation:
Using the the dividend discount model, we calculate the price of the stock today. It values the stock based on the present value of the expected future dividends from the stock. To calculate the price of the stock today, we will use the following formula,
P0 = D1 / (1+r) + D2 / (1+r)^2 + D3 / (1+r)^3
Where,
r is the required rate of returnP0 = 4 / (1+0.156) + 4 / (1+0.156)^2 + 4 / (1+0.156)^3
P0 = $9.04279 rounded off to $9.04
Joe owns a business renting out properties as apartments. He is hoping to purchase an old building to create new apartment homes. Before Joe is able to purchase the building, he must work out a deal with the current owner, who has decided to sell the property. Use the drop-down menu to complete each statement. Based on the information in the passage, it is most likely that Joe lives in a economy. The building that Joe is interested in purchasing would be considered .
Answer:
Joe lives in a mixed economy.
The building is a private property
Explanation:
A mixed economy allows individuals like Joe and companies to engage in commercial activities. It gives freedom to entrepreneurs to choose the type of business they wish to operate. Joe rents out apartments to clients. He and the client enters into a tenancy agreement, which suggests the presence of regulation. Consulting the owner of the property that he wishes to purchases shows there is an authority that regulates property transactions. A mixed economy gives buyers and sellers the freedom to do business but with regulation by a central authority.
The property that Joe wishes to buy is private property. It belongs to the seller and not to the public or government. Joe can only purchase a property and acquire its title if it is private property.
Answer:
1. mixed market
2. private property
The business analyst for Video Sales, Inc. wants to forecast this year's demand for DVD decoders based on the following historical data: Year Enrollments 5 Years ago 900 4 Years ago 700 3 Years ago 600 2 Years ago 500 Last Year 300 What is the forecast for this year using a three-year weighted moving average with weights of 0.5, 0.3, and 0.2?a) 163.
b) 180.
c) 300.
d) 420.
e) 510.
Answer:
d) 420
Explanation:
In three-year weighted moving average with weights of 0.5, 0.3, and 0.2, the forecast can be calculated using the following formula
Forecast(This year) = 0.5*Demand(last year) + 0.3*Demand(2 years ago) + 0.2*Demand(3 years ago)
Forecast(This year) = 0.5*300 + 0.3*500 + 0.2*600
Forecast(This year) = 150 + 150 + 120
Forecast(This year) = 420
Butcher Timber Company hired your consulting firm to help them estimate the cost of equity. The yield on the firm's bonds is 8.75%, and your firm's economists believe that the cost of equity can be estimated using a risk premium of 3.85% over a firm's own cost of debt. What is an estimate of the firm's cost of equity from retained earnings?
Answer:
12.60%
Explanation:
Calculation for the estimate of the firm's cost of equity from retained earnings
Using this formula
Estimate Firm's cost of equity =Risk premium + Cost of debt
Let plug in the formula
Estimate Firm's cost of equity=3.85% + 8.75%
Estimate Firm's cost of equity= 12.60%
Therefore the estimate of the firm's cost of equity from retained earnings will be 12.60%
the best answer for the question . the population of a small island nation is 50,000 people and their real GDP is $ 500,000,000 , then what's the real GDP per capita
Cost of goods manufactured for Branson Books for the year was $860,000. Beginning work-in-process inventory was $40,000. Ending work-in-process was $60,000. If the beginning finished goods inventory was $400,000 and the ending finished goods inventory was $990,000.
Required:
What was the cost of goods sold for the year?
Answer:
Cost of goods sold = $270,000
Explanation:
Given:
Cost of goods manufactured = $860,000
Beginning work-in-process = $40,000
Ending work-in-process = $60,000
Beginning finished goods = $400,000
Ending finished goods inventory = $990,000
Computation:
Cost of goods sold = Cost of goods manufactured + Beginning finished goods - Ending finished goods inventory
Cost of goods sold = $860,000 + $400,000 - $990,000
Cost of goods sold = $270,000
The cost of goods sold for Branson Books in this year is $270,000.
Here, we are going to prepare the amount of the cost of goods sold for Branson Books.
Given Information
Cost of goods manufactured = $860,000
Beginning work-in-process = $40,000
Ending work-in-process = $60,000
Beginning finished goods = $400,000
Ending finished goods inventory = $990,000
The formula for Cost of goods sold is {Cost of goods manufactured + Beginning finished goods - Ending finished goods inventory}
Cost of goods sold = $860,000 + $400,000 - $990,000
Cost of goods sold = $270,000.
Therefore, the amount of the cost of goods sold for Branson Books is $270,000.
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Discuss the four common types of constraints (time, labor, equipment, and facilities) facing service businesses and give an example of each (real or hypothetical).
Answer:
The most severe constraint that anyone faces is time, the day has 24 hours, a week has 7 days and the year has 365 days. No matter how big or small a company is, time is the same for all. E.g. a factory has to build 10,000 units of good X for next week, they must do it before the due date. If the factory is shut down for any reason at all, e.g. lights go out, they will have to work overtime.
Two of the other constraints are basically related to capital: equipment and facilities. No matter how rich a person is or how big a company is, they have a certain amount of money, they cannot own it all. Only governments own machines that print money, and even they face strict regulations regarding how much money they can print. You need money to buy more equipment and build larger facilities, or if you do not have enough money, you will have to work overtime or eventually not be able to produce the output that you wanted. A facility has a certain level of maximum production, the same for a machine or equipment, and you cannot make it work over that level. E.g. a machine produces 10 units per hour, so it will not be able to produce 100 units per hour, nor 20 nor 40, not even 11.
Labor constraints refer to the total amount of labor supply available. E.g. all you need to do to understand the shortage of certain qualified labor is look at the amount of job vacancies in the high tech, computer and software industries. There are hundreds of thousands of vacant jobs around the world which cannot be filled simply because there are not enough qualified people. That is also the reason why careers in these industries are paid higher than average wages.
A firm have an inventory turnover of 5 times a year on a cost of goods sold of $800 000.if the firm improves the inventory turnover to 8 times a year while the cost of goods sold remains the same, which of the following statement is true?
A)$100,000 is additionally invested in purchasing stock
b)$160,000 is released into working capital
c)$60,000 is additionally invested in purchasing stock
d)$60,000 is released into working capital
Answer:
d) $60,000 is released into working capital
Explanation:
Inventory turnover is the number of times that a firm buys and sells inventory. A high inventory means that the company sells its stock many times in a year.
the formula for inventory turnover ratio
=Cost of goods sold/ average inventory
If a firm has COGS of $800,000 and an inventory turnover of 5, then the average inventory will be
=$800,000 /5
=$160,000
If the firm improves its turnover to 8, then the average inventory will be
=$800,000/8
=$100,000
The firm average inventory will $100,000 as opposed to $160,000 previously.
$60,000 will be released to working capital.