Business High School
Answers
Answer 1
Andy Yocom, who is starting a new business called Invision Golf Group Inc., should include all of the above in his business plan.
A management plan is important to outline the roles and responsibilities of each member of the team.
Additionally, he should identify the elements of the company that make it unique in order to stand out in a crowded market.
An analysis of the market in which the company will operate will allow Andy to understand his target audience, competitors, and potential challenges.
Finally, a financial plan is essential to ensure the company's profitability and long-term success. Creating a comprehensive business plan with all of these elements will provide a strong foundation for Invision Golf Group Inc.
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Related Questions
21) if net income is $100,000, interest expense is $10,000, and tax expense is $20,000, what is the "times interest earned" ratio
Answers
The times interest earned ratio is 11, which indicates that the company is generating enough earnings to cover its interest payments more than 11 times over.
The times interest earned (TIE) ratio is a measure of a company's ability to cover its interest payments with its earnings before interest and taxes (EBIT). To calculate the TIE ratio, we divide EBIT by interest expense. In this case, we do not have the EBIT figure, but we can use net income as a proxy since it is calculated after deducting all expenses except interest and taxes.
The formula for TIE ratio is:
TIE ratio = EBIT / Interest expense
Since we do not have the EBIT figure, we can use the net income as a proxy and add back interest expense to arrive at an estimated EBIT:
EBIT = Net income + Interest expense
EBIT = $100,000 + $10,000
EBIT = $110,000
Now, we can calculate the TIE ratio using the estimated EBIT:
TIE ratio = EBIT / Interest expense
TIE ratio = $110,000 / $10,000
TIE ratio = 11
Therefore, the times interest earned ratio is 11, which indicates that the company is generating enough earnings to cover its interest payments more than 11 times over. This is a healthy sign for investors and creditors, as it indicates that the company has a strong ability to meet its debt obligations.
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Compute the gross profit percentage for each year. Assuming that the change from 2017 to 2018 is the beginning of a sustained trend, is fawkes likely to earn more or less gross profit from each dollar of sales in 2019? compute the net profit margin for each year. Did fawkes do a better or worse job of controlling expenses other than the costs of crude oil and products in 2018 relative to 2017
Answers
The gross profit percentage for each year is 42.77% and 46.48%, net profit margin for each year is 6.34% and 9.04%.
A company's gross profit margin may indicate poor management practices or subpar products if it fluctuates significantly. On the other hand, when a company makes significant operational changes to its business model, such fluctuations may be justified; in such cases, temporary volatility should not be cause for alarm.
Adjustments to product prices may also have an effect on gross margins. If everything else is equal, a company has a higher gross margin if it sells its products at a premium. However, this can be a sensitive difficult exercise since, supposing that an organization sets its costs excessively high, less clients might purchase the item, and the organization may subsequently discharge portion of the overall industry.
Revenues166142
(-) Cost of purchased crude oil and products9576
Gross profit7166
Gross profit percentage [ Gross profit / Revenues ]
201742.77%
201846.48%
Likely to earn in 2019?
Answer: Less gross profit
2-a. Net profit margin [ Net income / Revenues ]
20176.34%
20189.04%
2-b.Controlling expenses in 2018 vs 2017?
Answer: Better Job
3-a. Fixed asset turnover [ Revenues / Average net fixed assets ]
20172.65
20184.39
3-b.Investment better utilized in 2018 or 2017?
Answer: 2018
4-a. Return on equity (ROE) [ Net income / Average stockholders' equity ]
20176.08%
20189.87%
4-b.Greater returns generated in 2017 or 2018?
Answer: 2018.
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whats the current yield of a 4.15 percent coupn corporate bond quoted at a price of 101.73
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At a price of 101.73, the current yield on a corporate bond with a 4.15 percent coupon is about 4.07 percent.
To calculate the current yield, we need to divide the annual interest payment (coupon) by the current market price of the bond and express it as a percentage.
The bond is quoted at a price of 101.73, which means it is selling for $1,017.30 (101.73% x $1,000 face value).
To calculate the current yield, we divide the annual interest payment ($41.50) by the current market price of the bond ($1,017.30) and express it as a percentage:
Annual Interest Payment / Current Market Price x 100% is Current Yield.
Current Yield = $41.50 / $1,017.30 x 100%
Current Yield = 4.07%
1. Determine the annual interest payment (coupon payment) by multiplying the coupon rate by the bond's par value (assuming a par value of 100):
Annual Interest Payment = (4.15% of 100) = 4.15
2. Ascertain the bond's current price:
Current Price = 101.73
3. Calculate the current yield by dividing the annual interest payment by the current price:
Current Yield is calculated as (Annual Interest Payment/Current Price) * 100.
Current Yield = (4.15 / 101.73) * 100
Current Yield = 4.08%
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durango co. pays 90% of its accounts payable in the month of purchase and 10% the following month. durango co. expects to purchase $50,000 of inventory on account in october and $100,000 in november on account. how much should durango budget for cash disbursem*nts for inventory for the month of november? multiple choice question. $95,000 $135,000 $55,000 $90,000
Answers
In the given statement, Durango budget for cash disbursem*nts for inventory for the month of november, So the correct answer is $95,000.
Durango Co. pays 90% of its accounts payable in the month of purchase and 10% the following month, which means that for the $50,000 inventory purchased in October, Durango will pay $45,000 in October and $5,000 in November. For the $100,000 inventory purchased in November, Durango will pay $90,000 in November and $10,000 in December. Therefore, the total cash disbursem*nts for inventory in November will be $95,000 ($5,000 for October purchase + $90,000 for November purchase). So the correct answer is $95,000.
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A characteristic of preferred provider organizations (PPO) is
a. PPOs operate like an HMO on a prepaid basis
b. if service is obtained outside the PPO, benefits are reduced and costs increase
c. PPOs are generally public in nature rather than private
d. Health care providers themselves are barred from forming a PPO due to conflict of interest
Answers
A characteristic of preferred provider organizations (PPO) is b. If service is obtained outside the PPO, benefits are reduced and costs increase. The correct option is b.
The main characteristic of PPOs is that they have a network of preferred providers with whom they have negotiated discounted rates.
PPO members have the freedom to choose any healthcare provider they want, whether inside or outside the network.
In-network providers typically offer the most favourable benefits and cost-sharing arrangements.
PPOs are often operated by private insurance companies, but there are also public PPOs associated with government-sponsored health insurance programs.
In fact, providers often contract with PPOs to be part of their network and receive reimbursem*nt for the services they provide to PPO members.
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Final answer:
A characteristic of preferred provider organizations (PPO) is that if service is obtained outside the PPO, benefits are reduced and costs increase.
Explanation:
The characteristic of preferred provider organizations (PPO) is that if service is obtained outside the PPO, benefits are reduced and costs increase. PPOs are a type of managed care health insurance plan that offer more flexibility compared to Health Maintenance Organizations (HMOs). While HMOs require members to choose a primary care physician and obtain referrals to see specialists, PPO members have the freedom to see any healthcare provider without a referral.
However, PPOs have a network of preferred providers who have agreed to provide services at discounted rates. When PPO members seek healthcare services outside the network, their benefits may be reduced and they may be responsible for a higher percentage of the costs.
For example, let's say a PPO member visits a specialist who is not part of their network. The PPO plan may cover only 70% of the cost, leaving the member responsible for the remaining 30%. In contrast, if the member chooses a specialist within the PPO network, the plan may cover 80-90% of the cost.
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financial accounting and managerial accounting are essentially the same discipline as each of these deals with accounting issues.
T/F
Answers
Financial accounting and managerial accounting are two distinct branches of accounting. Financial accounting focuses on the preparation and presentation of financial statements for external users, such as investors, creditors, and regulators.
Managerial accounting, on the other hand, is concerned with providing information to internal users, such as managers, to support decision-making, planning, and control. While both disciplines deal with accounting issues, their objectives, audiences, and methods differ significantly. The statement "Financial accounting and managerial accounting are essentially the same discipline as each of these deals with accounting issues" is False. Although both financial accounting and managerial accounting deal with accounting issues, they serve different purposes and focus on different aspects of a company's financial information.
Financial accounting is primarily concerned with providing financial information to external users, such as investors and creditors. It follows Generally Accepted Accounting Principles (GAAP) and focuses on the preparation of financial statements, including the balance sheet, income statement, and cash flow statement. Managerial accounting, on the other hand, focuses on providing financial information to internal users, such as managers and executives. This type of accounting helps with decision-making, planning, and performance evaluation. Managerial accounting does not have to follow GAAP, and its reports are typically more detailed and specific to the needs of the company. In summary, financial accounting and managerial accounting are not the same discipline, as they have different purposes, audiences, and rules.
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A company that produces printer cartridges had cost of goods sold last year of $629,462,423. The average value of inventory for raw materials, work-in-process, and finished goods are shown in the table below: Raw Materials $7,367,528 Work-in- $22,893,232 Process Finished Goods $16,523,451 If the company operates 50 weeks per year then the number of inventory turns would be
Answers
Inventory turnover is an important financial ratio that shows how effectively a company is managing its inventory. It measures the number of times a company's inventory is sold and replaced in a given period. The formula for inventory turnover is Cost of Goods Sold / Average Inventory.
In this case, we have the cost of goods sold, but we need to calculate the average inventory. To find the average inventory, we need to add together the values of raw materials, work-in-process, and finished goods, and divide by three. This gives us an average inventory value of $15,261,070.33. Now we can calculate the inventory turnover using the formula mentioned above. The inventory turnover for this company would be 41.22 ($629,462,423 / $15,261,070.33). This means that the company sells and replaces its inventory 41.22 times in a year, or approximately once every nine days. It's important to note that inventory turnover can vary widely depending on the industry and the company's business model. A high inventory turnover is generally considered favorable, as it indicates that the company is selling its inventory quickly and efficiently. However, a very high turnover could indicate that the company is not keeping enough inventory on hand to meet customer demand. On the other hand, a low inventory turnover may indicate that the company is overstocked and holding onto inventory for too long, which could lead to higher storage costs and obsolescence.
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Which provision states that the insurance company must pay claims immediately?
A) Payment of Claims
B) Legal Actions
C) Relation of Earnings to Insurance
D) Time of Payment of Claims
Answers
The provision that states that the insurance company must pay claims immediately is option D) Time of Payment of Claims.
This provision typically outlines the timeframe within which an insurance company must make payment after a valid claim has been submitted.
The specific time frame can vary depending on the insurance policy and local regulations.
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Reread the Management Focus on Lincoln Electric; then answer the following questions: To what extent are the organizational culture and incentive systems of Lincoln Electric aligned with the firm’s strategy?
Answers
The organizational culture and incentive systems of Lincoln Electric are highly aligned with the firm's strategy.
Lincoln Electric's strategy is focused on achieving high productivity, efficiency, and quality through a combination of cost leadership and differentiation. The company aims to be the low-cost producer in its industry while maintaining a strong reputation for product quality and customer service.
To support this strategy, Lincoln Electric has developed a unique organizational culture that emphasizes teamwork, continuous improvement, and a strong work ethic. The company's incentive system is based on a piece-rate pay system that rewards employees for their individual productivity and contribution to the overall success of the company. This incentive system is highly aligned with the firm's strategy, as it motivates employees to work efficiently and effectively in order to maximize their earnings.
In addition, Lincoln Electric's culture of continuous improvement and employee involvement in decision-making processes also supports the company's strategy. By involving employees in the improvement process, the company is able to identify and implement changes that lead to higher levels of efficiency and productivity.
Overall, the strong alignment between Lincoln Electric's organizational culture and incentive systems and the firm's strategy has been a key factor in the company's long-term success and profitability.
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Which of the following assets is the most liquid?
a. stocks
b. currency
c. checkable bank deposits
d. money market mutual funds
Answers
Out of the given options, the most liquid asset is checkable bank deposits. The correct answer is option C.
Liquid assets are those that can be easily converted into cash without significant loss in value and checkable bank deposits can be accessed and withdrawn immediately without any penalty or waiting period.
Stocks and money market mutual funds can also be considered liquid assets, but they may require some time to be sold and converted into cash, and there is a risk of loss if the market value of the asset drops. Currency is also liquid, but its value may fluctuate and there may be exchange fees or commissions involved in converting it to another currency.
It's important to note that the level of liquidity of an asset can vary depending on market conditions and the specific terms of the investment. For example, some money market mutual funds may have restrictions on withdrawals or penalties for early withdrawals, which can impact their liquidity.
Overall, checkable bank deposits are considered the most liquid asset due to their ease of access and low risk. They are a key component of a person's emergency fund and can be quickly used to cover unexpected expenses.
Hence, option C is the right answer.
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which type of loan typically carries the most loan points
Answers
The type of loan that typically carries the most loan points is a jumbo loan. Loan points, also known as discount points, are fees paid at closing to the lender in exchange for a lower interest rate on the mortgage. Each point typically costs 1% of the total loan amount.
Jumbo loans are mortgage loans that exceed the conforming loan limits set by government-sponsored enterprises like Fannie Mae and Freddie Mac. These loans are generally used to finance higher-priced properties. Due to their larger loan amounts, jumbo loans often carry higher interest rates compared to conforming loans.
Because of the higher loan amounts and increased risk associated with jumbo loans, lenders may charge more loan points to mitigate that risk. This means borrowers seeking jumbo loans may need to pay a higher upfront cost in the form of loan points to secure a more favorable interest rate on their loan. The specific number of points and their cost can vary depending on market conditions and lender policies.
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Final answer:
Mortgage loans typically carry the most loan points compared to other types of loans.
Explanation:
In the context of loans, loan points are fees paid to the lender at closing in exchange for a lower interest rate. Different types of loans have different structures when it comes to loan points. Generally, mortgage loans typically carry the most loan points compared to other types of loans.
For example, in the mortgage industry, a discount point is a type of loan point that is equal to 1% of the loan amount. By paying discount points upfront, borrowers can lower their interest rate over the life of the loan. However, mortgage loans may have higher loan point requirements compared to other types of loans, such as personal loans or auto loans.
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if the opportunity cost of manufacturing tractors is higher in the united states than in germany, and the opportunity cost of manufacturing trains is lower in the united states than in germany, then the united states will:
Answers
If the opportunity cost of manufacturing tractors is higher in the United States than in Germany, and the opportunity cost of manufacturing trains is lower in the United States than in Germany, then the United States will export trains to Germany and import tractors from Germany. Therefore, the correct option is C.
Based on the principle of comparative advantage, a country will specialize in producing and exporting goods that have a lower opportunity cost (i.e. can be produced at a lower cost compared to other goods) and import goods that have a higher opportunity cost (i.e. would require more resources and effort to produce locally).
In this scenario, if the opportunity cost of manufacturing tractors is higher in the United States than in Germany, it means that the United States would have to forego producing more of other goods to manufacture tractors. On the other hand, if the opportunity cost of manufacturing trains is lower in the United States than in Germany, it means that the United States can produce more trains using the same amount of resources that would produce fewer trains in Germany.
Therefore, the United States would likely export trains to Germany, as it has a comparative advantage in producing them, and import tractors from Germany, as it would be more expensive for the United States to manufacture them locally. Hence, the correct answer is option C) export trains to Germany and import tractors from Germany.
Note: The question is incomplete. The complete question probably is: If the opportunity cost of manufacturing tractors is higher in the United States than in Germany, and the opportunity cost of manufacturing trains is lower in the United States than in Germany, then the United States will: export both trains and tractors to Germany. import both trains and tractors from Germany. export trains to Germany and import tractors from Germany. O import trains from Germany and export tractors to Germany.
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The principal P is borrowed and the? loan's future value A at time t is given. Determine the? loan's simple interest rate r to the nearest tenth of a percent. P= $4,800, A= $4,902, t= 3 months ?(Round to the nearest tenth of a? percent.)
Determine the present value P you must invest to have the future value A at simple interest rate r after time t. A= $17,000, r= 5.5%, t= 3 years. The present value that must be invested to get $17,000 after 3 years at an interest rate of 5.5% is $? (Round up to the nearest? cent.)
Determine the present value P you must invest to have the future value A at simple interest rate r after time t. A= $4,000, r= 12.5% t= 9 months (Round up to the nearest? cent.)
Answers
1) To determine the loan's simple interest rate, we can use the formula:
A = P(1 + rt)
Where:
A = Future value of the loan
P = Principal amount borrowed
r = Simple interest rate
t = Time in years
P = $4,800
A = $4,902
t = 3 months (convert to years by dividing by 12: t = 3/12 = 0.25 years)
Substituting the values into the formula:
$4,902 = $4,800(1 + r * 0.25)
Dividing both sides by $4,800:
1.0175 = 1 + r * 0.25
Subtracting 1 from both sides:
0.0175 = r * 0.25
Dividing both sides by 0.25:
r = 0.0175 / 0.25 ≈ 0.07
Converting to a percentage:
r ≈ 0.07 * 100 ≈ 7%
Therefore, the loan's simple interest rate is approximately 7%.
2) To determine the present value P, we can use the formula:
P = A / (1 + rt)
A = $17,000
r = 5.5% (convert to decimal by dividing by 100: r = 5.5/100 = 0.055)
t = 3 years
Substituting the values into the formula:
P = $17,000 / (1 + 0.055 * 3)
P = $17,000 / (1 + 0.165)
P = $17,000 / 1.165
P ≈ $14,606.91
Therefore, the present value P that must be invested to have a future value of $17,000 after 3 years at an interest rate of 5.5% is approximately $14,606.91.
3) To determine the present value P, we can use the formula:
P = A / (1 + rt)
A = $4,000
r = 12.5% (convert to decimal by dividing by 100: r = 12.5/100 = 0.125)
t = 9 months (convert to years by dividing by 12: t = 9/12 = 0.75 years)
Substituting the values into the formula:
P = $4,000 / (1 + 0.125 * 0.75)
P = $4,000 / (1 + 0.09375)
P = $4,000 / 1.09375
P ≈ $3,654.55
the present value P that must be invested to have a future value of $4,000 after 9 months at an interest rate of 12.5% is approximately $3,654.55.
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sean goes to the store to purchase his favorite brand of sports drink, sweatsalot. as he glances at the store shelf, he easily spots the bright yellow logo of the brand. in this situation, which purpose of branding has been accomplished?
Answers
The purpose of branding that has been accomplished in this situation is brand recognition.
Brand recognition refers to the ability of a customer to identify a brand just by looking at its logo or other visual cues associated with the brand. In this case, Sean was able to easily spot the bright yellow logo of his favorite sports drink, Sweatsalot. This is a result of effective branding efforts by the company that have made their brand easily recognizable to customers. By creating a strong visual identity through their logo and other branding elements, Sweatsalot has successfully differentiated themselves from their competitors and made it easier for customers like Sean to identify and purchase their product. This is a key aspect of successful branding, as it helps to build customer loyalty and drive sales.
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Costs are subdivided into what two major functional categories?
A. opportunity and allocation
B. fixed and variable
C. product and non-production
D. direct and indirect
Answers
The two major functional categories that costs are subdivided into are direct and indirect.
Direct costs are expenses that can be specifically attributed to a particular product, service, or project. These costs are typically related to the production or delivery of a product or service and can be easily traced to a specific activity or output. Examples of direct costs include materials, labor, equipment, and direct overhead expenses.
Indirect costs, on the other hand, are expenses that are not directly tied to a specific product, service, or project. These costs are typically incurred to support the overall operation of the organization, and they cannot be easily traced to a specific output. Examples of indirect costs include rent, utilities, administrative salaries, and general overhead expenses.
It's important to understand and accurately account for both direct and indirect costs when analyzing the profitability of a product or service or when preparing a budget for a project. By doing so, organizations can make informed decisions about pricing, resource allocation, and strategic planning.
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how do cmc users develop impressions of each other?
Answers
CMC (Computer-Mediated Communication) users develop impressions of each other in various ways:
1. Communication style: CMC users pay attention to the way others communicate, including their choice of words, tone, and use of emojis or abbreviations. This helps form an impression of the person's personality and intentions.
2. Profile information: CMC users often share personal information such as their interests, location, and occupation through their profile. This information helps others develop a basic understanding of the person's background and lifestyle.
3. Consistency in interactions: As CMC users engage in multiple conversations and interactions with each other, they look for consistency in the other person's responses and behavior. This consistency helps establish trust and credibility, contributing to the overall impression.
4. Frequency of interaction: The more often CMC users interact with each other, the better they can understand and form impressions of each other's personalities and communication styles.
5. Social cues: Even though CMC interactions lack a physical presence, users can still pick up on social cues such as response time, typing speed, and online presence. These cues help form impressions of the other person's engagement and interest in the conversation.
To summarize, CMC users develop impressions of each other through their communication style, profile information, consistency in interactions, frequency of interaction, and social cues. These elements combined help users understand and form an overall impression of their conversation partner.
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A store owner has determined that the overage cost for a product is $66 and the underage cost is $67. If demand is normally distributed (mean = 580, standard deviation = 108). Round your answer to the nearest whole number. What is the optimal order quantity? units
Answers
To calculate the optimal order quantity, we need to use the economic order quantity (EOQ) formula. The EOQ formula is:
EOQ = √((2DS)/H)
where:
D = annual demand
S = setup cost
H = holding cost
In this case, we are given the overage and underage costs, which can be used to estimate the holding cost. The holding cost (H) is the average cost per unit per year to store the product.
First, let's calculate the holding cost. We know that the overage cost is $66 and the underage cost is $67. We can estimate the holding cost as the average of these two costs:
H = (66 + 67) / 2
H = 66.5
Now, we can use the EOQ formula:
EOQ = √((2DS)/H)
We are given the mean demand (D) and the standard deviation of demand, so we need to calculate the annual demand:
D = 580 units (mean demand) x 12 months
D = 6,960 units
We are not given a setup cost (S), so we will assume that it is zero.
Plugging in the values, we get:
EOQ = √((2 x 0 x 6,960) / 66.5)
EOQ = √(0)
EOQ = 0
This result doesn't make sense - we can't order zero units! The reason is that we assumed the setup cost is zero, which is not realistic. In reality, there is always some cost associated with placing an order.
To fix this, we need to estimate a reasonable setup cost. Let's say that the store owner estimates the setup cost to be $100.
Plugging in the new value, we get:
EOQ = √((2 x 100 x 6,960) / 66.5)
EOQ = √(20,000)
EOQ = 141
Rounding to the nearest whole number, the optimal order quantity is 141 units.
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A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
Selling price -------------------------------------- $126
Units in beginning inventory ------------------- 0
Units produced ---------------------------------- 8,500
Units sold ----------------------------------------- 8,300
Units in ending inventory --------------------- 200
Variable costs per unit:
Direct materials ------------------------------- $36
Direct labor ------------------------------------ $52
Variable manufacturing overhead --------- $2
Variable selling and administrative ------- $9
Fixed costs:
Fixed manufacturing overhead ----------- $127,500
Fixed selling and administrative ---------- 91,300
What is the net operating income for the month under absorption costing?
a. $5,300
b. $3,000
c. ($12,700)
d. $8,300
Answers
The net operating income for the month under absorption costing is $12,700. The correct option is c.
Total variable cost per unit: $36 + $52 + $2 + $9 = $99
Fixed manufacturing overhead: $127,500
Fixed selling and administrative: $91,300
Total fixed costs: $127,500 + $91,300 = $218,800
Total cost per unit: $99 + ($218,800 / 8,500 units produced) = $99 + $25.75 = $124.75
net operating income calculated using absorption costing, we must subtract the fixed manufacturing overhead from the result:
According to absorption costing, net operating income would be $10,375 - $127,500, or -$117,125.
As a result, choice c ($12,700) is the right one.
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what is the contribution to the chi-square test statistic for men who selected business networking as the most important factor?
Answers
The contribution to the chi-square test statistic for men who selected business networking as the most important factor would depend on the specific data set being analyzed.
The chi-square test statistic is a measure of the difference between the observed and expected frequencies in a set of categorical data. It is used to determine if there is a significant association between two or more variables.
In the case of your question, the variable being analyzed is the importance factor selected by men (business networking). The chi-square test would be used to determine if there is a significant association between this variable and another variable, such as gender.
The contribution of men who selected business networking as the most important factor to the chi-square test statistic would depend on the frequency of this response in the data set compared to the expected frequency based on chance. If there is a significant difference between the observed and expected frequencies, this would contribute to a higher chi-square test statistic.
In summary, the contribution to the chi-square test statistic for men who selected business networking as the most important factor cannot be determined without analyzing the specific data set being used.
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Which of the following statements is correct? Marginal revenue equals total revenue divided by the quantity produced. For perfectly competitive firms, average total cost equals marginal cost at the long-run equilibrium. Marginal revenue always equals average revenue. Only for competitive firms does average revenue equal the price of the good.
Answers
The statement that is correct is "Only for competitive firms does average revenue equal the price of the good."
In perfect competition, firms are price takers, meaning they cannot influence the price of the product. Therefore, the price of the good is equal to the average revenue for the firm. Marginal revenue may not always equal average revenue, especially for firms operating in imperfectly competitive markets. Additionally, the statement that marginal revenue equals total revenue divided by the quantity produced is incorrect. Marginal revenue is the change in total revenue resulting from a one-unit increase in output, not the total revenue divided by the quantity produced. Finally, while it is true that for perfectly competitive firms, average total cost equals marginal cost at the long-run equilibrium, this statement is not directly related to the question of which statement is correct.
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what do you think tells us more about a leader’s character – his or her successes or failures?
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I believe that a leader's failures can often tell us more about their character than their successes. Successes can be the result of luck or circ*mstances beyond a leader's control, but how a leader handles failure can reveal their resilience, adaptability, and humility.
A leader who takes responsibility for their mistakes and uses them as opportunities for growth and improvement shows strength of character and a commitment to self-reflection. On the other hand, a leader who blames others or makes excuses for their failures may lack accountability and integrity. Ultimately, both successes and failures can be valuable indicators of a leader's character, but it is how they respond to setbacks and challenges that truly reveals their leadership qualities. Ultimately, a leader's character is best assessed by observing how they handle both accomplishments and challenges.
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a factory produces 5 types of widgets: a, b, c, d, and e. each widget has a different production time: 2, 4, 6, 8, and 10 hours, respectively. the factory must produce an equal number of each widget type and operates for exactly 24 hours. determine the minimum number of each widget type that the factory can produce during this time frame.
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The factory can produce a minimum of 12 of each widget type A, B, C, D, and E within the 24-hour time frame.
The factory produces 5 types of widgets: A, B, C, D, and E, with production times of 2, 4, 6, 8, and 10 hours, respectively. The factory operates for 24 hours and must produce an equal number of each widget type. To determine the minimum number of each widget type that can be produced, we need to find the least common multiple (LCM) of the production times.
The LCM of 2, 4, 6, 8, and 10 is 120. This means that in 120 hours, the factory can produce an equal number of each widget type without any leftover time. However, the factory only operates for 24 hours. To find the minimum number of each widget type that can be produced in 24 hours, divide the LCM by the production time of each widget type:
- A: 120 / 2 = 60
- B: 120 / 4 = 30
- C: 120 / 6 = 20
- D: 120 / 8 = 15
- E: 120 / 10 = 12
However, since the factory needs to produce an equal number of each widget type, we must choose the lowest number of widgets that can be produced, which is 12.
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Discuss each of the following statements from the standpoints of equality and efficiency.
a. Everyone in society should be guaranteed the best healthcare possible.
b. When workers are laid off, they should be able to collect unemployment benefits until they find a new job.
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To analyze the statements from the standpoints of equality and efficiency, let's evaluate them individually:
a. From an equality perspective, this statement promotes equal access to healthcare services for all individuals, ensuring that no one is left behind based on their socio-economic status. It aims to address health disparities and provide equal opportunities for everyone to receive the highest standard of healthcare. However, in terms of efficiency, guaranteeing the best healthcare for everyone can pose challenges in terms of resource allocation, cost, and the sustainability of healthcare systems. Balancing equitable access with the efficient utilization of resources becomes crucial in this context.
b. From an equality standpoint, this statement emphasizes providing a safety net for individuals experiencing job loss, preventing financial hardship and reducing income inequality. It aims to create a level playing field by supporting those facing temporary unemployment. However, from an efficiency perspective, providing unemployment benefits for an extended period may create disincentives for individuals to actively seek re-employment, potentially prolonging the unemployment period. Striking a balance between supporting individuals and maintaining labor market efficiency is important to ensure a fair and efficient allocation of resources.
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You are holding 750 shares of Infosys Ltd. (USticker INFY) and you would like to hedge it in a delta neutral way. The INFY call option you select has a delia of 0.60 18. What position in the INPY call option, and the underlying stock, un delta-beutral portfolio A) A long position in 1.500 call options B) A short position in 1,500 call options C) A short position in 1.250 call options D A long position in 450 call options E) A short position in 450 call options 19. Due to the INFY call option's gamma, an increase in the underlying stock's price has caused the option's delta to increase ta 075. How would you restore the portfolio della neutrality A) Sell to open an additional 250 INFY call options B) Buy to close 250 of your short INFY call options C) Buy an additional 200 INFY shares D) Sell 100 of your INFY shares None of the above
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In summary, to hedge your 750 shares of Infosys Ltd. in a delta-neutral way, you would take a short position in 1,500 call options. If the underlying stock's price increases and causes the option's delta to increase to 0.75, you can restore the portfolio's delta neutrality by selling to open an additional 250 INFY call options.
You would need to take a short position in 1,500 call options in order to create a delta-neutral portfolio for your 750 shares of Infosys Ltd. (USticker INFY), assuming the INFY call option you select has a delta of 0.60.
To restore the portfolio's delta neutrality in the event of an increase in the underlying stock's price that causes the option's delta to increase to 0.75, you would need to sell to open an additional 250 INFY call options. This will reduce the portfolio's delta and bring it back to a neutral state.
The reason for taking a short position in 1,500 call options is because the delta of the call option is 0.60. Since you have 750 shares, which have a delta of 1.0, you need to short 1,250 deltas to create a delta-neutral portfolio. Shorting 1,500 call options with a delta of 0.60 will give you a total delta of -900 (1,500 x 0.60 x -1), which when combined with the delta of your 750 shares (750 x 1.0) will give you a delta-neutral portfolio with a total delta of zero.
If the underlying stock's price increases, the option's delta will also increase. To restore the portfolio's delta neutrality, you need to reduce the delta of the portfolio. Selling to open an additional 250 INFY call options will give you a delta of -1,125 (1,750 x 0.60 x -1), which when combined with the delta of your 750 shares (750 x 1.0) will give you a delta-neutral portfolio with a total delta of zero.
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2. Ruby-Star Incorporated is considering two different vendors for one of its top-selling products, which has an average weekly demand of 50 units and is valued at $75 per unit. Inbound shipments from vendor 1 will average 350 units with an average lead time (including ordering delays and transit time) of 2 weeks. Inbound shipments from vendor 2 will average 500 units with an average lead time of 1 week. Ruby-Star operates 52 weeks per year; it carries a 2-week supply of inventory as safety stock and no anticipation inventory. A. What would be the average aggregate inventory value of this product if Ruby-Star used vendor 1 exclusively
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The average aggregate inventory value of this product if Ruby-Star used vendor 1 exclusively would be $14,175,000.
In this scenario, Ruby-Star is considering two different vendors for one of its top-selling products. The average weekly demand for this product is 50 units, and it is valued at $75 per unit. Inbound shipments from vendor 1 will average 350 units with an average lead time of 2 weeks, while inbound shipments from vendor 2 will average 500 units with an average lead time of 1 week.
Ruby-Star operates 52 weeks per year and carries a 2-week supply of inventory as safety stock and no anticipation inventory.
If Ruby-Star used vendor 1 exclusively, the weekly demand would be met with the average weekly inbound shipment of 350 units. The total inventory carried for the year would be:
(52 weeks * 50 units) + (52 weeks * 350 units) = 26,000 + 175,000 = 191,000 units
The value of this inventory would be:
191,000 * 75=14,175,000
Therefore, the average aggregate inventory value of this product if Ruby-Star used vendor 1 exclusively would be $14,175,000.
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in the eoq model, if the order quantity is 200 units, what will be the average inventory level? group of answer choices
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The average inventory level in the EOQ model with an order quantity of 200 units is 100 units.
In the Economic Order Quantity (EOQ) model, the average inventory level is calculated by dividing the order quantity by 2. This is because, on average, the inventory level is halfway between the maximum order quantity and 0 units. When the order quantity is 200 units, the average inventory level can be calculated as follows:
Average Inventory Level = Order Quantity / 2
Average Inventory Level = 200 units / 2
Average Inventory Level = 100 units
Therefore, when the order quantity in the EOQ model is 200 units, the average inventory level is 100 units.
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in a statement of cash flows prepared by the indirect method, an increase in accounts receivable should be a. reported as an inflow in the investing activities section. b. reported as an inflow in the financing activities section. c. added to net income in the operating activities section. d. deducted from net income in the operating activities section.
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In a statement of cash flows prepared by the indirect method, an increase in accounts receivable should be deducted from net income in the operating activities section. This is because an increase in accounts receivable indicates that the company has made sales on credit, which increases the company's revenue and net income but does not represent actual cash received.
Therefore, the increase in accounts receivable is subtracted from net income in order to adjust for the non-cash component of the revenue. This adjustment is made in the operating activities section because it relates to the core operations of the business.
It is important to note that the indirect method focuses on adjustments to net income, rather than directly reporting cash inflows and outflows. Therefore, any changes in accounts receivable are reported in the operating activities section as an adjustment to net income, rather than as a direct inflow or outflow of cash in the investing or financing activities sections.
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Oliver Company's unadjusted book balance at June 30 th is $8,800. The company's bank statement reveals bank service charges of $45. Two credit memos are included in the bank statement: one for $900, which represents a collection that the bank made for Oliver, and one for $50, which represents the amount of interest that Oliver had earned on its interest-bearing account in June. The accountant also identifies $200 in outstanding checks. Based on this information, Oliver's true cash balance is: a) $9,650. b) $9,795. c) $9,705. d) $9,505.
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To determine Oliver Company's true cash balance, we need to make adjustments to the unadjusted book balance based on the information provided in the bank statement and by the accountant.
Starting with the unadjusted book balance of $8,800, we need to add the credit memo for the collection made by the bank on behalf of Oliver, which is $900. This brings the adjusted balance to $9,700 ($8,800 + $900).
Next, we need to subtract the bank service charges of $45, which reduces the adjusted balance to $9,655 ($9,700 - $45).
We also need to add the credit memo for interest earned on Oliver's interest-bearing account, which is $50. This increases the adjusted balance to $9,705 ($9,655 + $50).
Finally, we need to subtract the outstanding checks, which total $200. This gives us the true cash balance of $9,505 ($9,705 - $200).
Therefore, the answer is option d) $9,505.
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the chart type we used to build the football field chart was? review later stock chart - volume-high-low-close stock chart - open-high-low-close waterfall chart clustered column chart
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The chart type used to build a football field chart is the waterfall chart. The waterfall chart is useful for visually representing the cumulative effect of positive and negative values, making it suitable for presenting the valuation of a company or an asset in various scenarios.
This chart type displays a series of columns that represent the contribution of each value, allowing the viewer to quickly identify how different factors contribute to the final result. In the context of a football field chart, the waterfall chart effectively illustrates a range of potential valuations for an asset, such as a company's equity value or a project's net present value. It can help analysts and decision-makers compare the impact of various assumptions and valuation methodologies on the final valuation.
Common valuation methods incorporated in a football field chart include discounted cash flow, trading multiples, and precedent transactions. While other chart types, such as stock charts and clustered column charts, can provide valuable insights into stock performance or the comparison of multiple data sets, they are not typically used for creating football field charts. These charts serve different purposes and may not adequately convey the cumulative impact of multiple factors on the final valuation.
In summary, the waterfall chart is the most appropriate chart type for creating a football field chart, as it effectively displays the cumulative effect of various valuation methods and assumptions on an asset's value.
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Which of the following has the lowest number-needed-to-treat?
ARR of 8.1%
ARR of 0.33%
ARR of 7.2%
ARR of 1.25%
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The ARR of 0.33% has the lowest number-needed-to-treat. To understand this, we need to know that the number-needed-to-treat (NNT) is the number of patients who need to be treated with a specific intervention to prevent one additional bad outcome (such as death, disease, or adverse event) compared to a control group. The lower the NNT, the more effective the intervention.
Now, let's calculate the NNT for each option. To do this, we need to convert the ARR (absolute risk reduction) into a percentage and then invert it. For example, if the ARR is 8.1%, the RRR (relative risk reduction) is 8.1/100 = 0.081, and the ARR expressed as a percentage is 100*0.081 = 8.1%. The NNT is then calculated as 1/ARR, which gives us 1/0.081 = 12.3.
Using this formula, we can calculate the NNT for the other options as follows:
- ARR of 7.2%: RRR = 7.2/100 = 0.072, ARR% = 7.2%, NNT = 1/0.072 = 13.9
- ARR of 1.25%: RRR = 1.25/100 = 0.0125, ARR% = 1.25%, NNT = 1/0.0125 = 80
- ARR of 0.33%: RRR = 0.33/100 = 0.0033, ARR% = 0.33%, NNT = 1/0.0033 = 303
Therefore, the option with the lowest NNT is the one with the highest ARR, which in this case is 0.33%. This means that we need to treat 303 patients to prevent one bad outcome, whereas with the other options we need to treat at least 12.3 to 80 patients to achieve the same effect.
Hi! I'm glad you reached out for help. The lowest number-needed-to-treat (NNT) corresponds to the smallest absolute risk reduction (ARR) value among the provided options. In this case, the smallest ARR is 0.33%. Therefore, the treatment with an ARR of 0.33% has the lowest number-needed-to-treat. The lower the NNT, the fewer patients need to be treated to achieve a successful outcome, making it a more effective intervention.
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