A new minor league baseball stadium is opening soon and the owner is only allowing local, family-owned restaurants to sell within the park. Two hotdog vendors are set to sell within the stadium: (i) The HOT Dog and (ii) Ballpark Frankies. The Baseball park necessitates that the vendors set their prices at the beginning of each season and then hold the price constant during the games that occur that season. The fans are not sensitive to the quality of the hotdog, just the price. The two vendors have every inclination to stay in the ballpark for the life of their firms, so imagine that this will be an infinitely repeated game. Based on relative prices, the potential payoffs for the season are listed below: The HOT Dog Ballpark Frankies Low Price High Price Low Price $10,000 , $10,000 $90,000 , -$3,000 High Price -$3,000 , $90,000 $20,000 , $20,000 Given the high current interest rate of 10%, The HOT Dog is considering to post a high price in the inaugural season and hope that Ballpark Frankies follows as well with a high price of their own. Evaluate if this is a risky strategy for The HOT Dog.

Answers

Answer 1

Answer:

This is a very risky strategy for The HOT Dog.

Explanation:

Seeing as how they must keep the price continuously throughout the season, if Frankies' sets a low price, The HOT Dog will lose almost all of their business.


Related Questions

You, being a supplier of steak dinners, opened your steak house. Assume the market-clearing price is $20 and the market clearing quantity is 500 for a steak dinner; (however, you do not have this information). You, the owner of the steak diner, decide to price your steak dinners at $15.00. You notice that when you do this you could have sold 650 steak dinners but are willing and able to sell only 400. Draw this situation on a graph. Put all numbers given on your graph.

RequireD:
a. What will happen in this market? Will there be a shortage or a surplus? Show this on your graph. What will happen in this market (assume there are no price controls).
b. A news released proved the inefficiency of hybrid vehicles. However, 2 months ago the number of dealers offering various hybrid models nearly tripled. How will this affect the price of hybrid vehicles?

Answers

Answer:

A) Shortage, B) Fall in Price

Explanation:

A] Market is at equilibrium where - downward sloping Market Demand (inversely related to price), & upward sloping Market Supply (directly related to price) - are equal &  these curves intersect each other.

Above condition gives us equilibrium price & quantity.

If market price < equilibrium price, as given case 15 < 20. Then, supply being directly related to price is lesser, demand being inversely related to price is higher. So, there is a situation of excess demand, ie shortage (graphically denoted by distance between demand & supply curve at actual price below equilibrium price)

B] Dealers of hybrid vehicles increase imply increase in supply of these vehicles, rightwards shift in the supply curve. This creates excess supply ie surplus of them. It implies that competition among sellers lead to fall in price of these hybrid vehicles.

) when originally issued, an investment in bonds of Flushing Dough, Inc., promised to provide an annual coupon of 7.50%. The bonds have 4 years until maturity, a market price of $735, and are expected to pay all coupon on time. At maturity, however, the bonds are only forecasted to pay 84% of their par value. What is the likely yield to maturity on the bonds

Answers

Answer:

The likely yield to maturity on the bonds is 10.23%.

Explanation:

The likely yield to maturity on the bonds can be calculated using the following RATE function in Excel:

YTM = RATE(nper,pmt,-pv,fv) .............(1)

Where;

YTM = likely yield to maturity on the bonds = ?

nper = number of periods = number of years until maturity = 4

pmt = annual coupon payment = annual coupon rate * Face value = 7.50% * $1,000 = $75 = 75

pv = present value = market price = $735 = 735

fv = face value or par value of the bond = 1000

Substituting the values into equation (1), we have:

YTM = RATE(40,75,-735,1000) ............ (2)

Inputting =RATE(40,75,-735,1000) into a cell in an excel (Note: as done in the attached excel file), the YTM is obtained as 10.23%.

Therefore, the likely yield to maturity on the bonds is 10.23%.

Suppose a farmer in Georgia begins to grow peaches. He uses​ $1,000,000 in savings to purchase​ land, he rents equipment for ​$ a​ year, and he pays workers ​$ in wages. In​ return, he produces baskets of peaches per​ year, which sell for ​$ each. Suppose the interest rate on savings is percent and that the farmer could otherwise have earned ​$ as a shoe salesman. What is the​ farmer's economic​ profit? The peach farmer earns economic profit of ​$ nothing. ​(Enter your response as an​ integer.)

Answers

Answer:

$-675,000

Explanation:

here is the full question

Suppose a farmer in Georgia begins to grow peaches. He uses​$1,000,000 in savings to purchase​ land, he rents equipment for​$80,000 a​ year, and he pays workers ​$130,000 in wages. In​return, he produces 200,000 baskets of peaches per​ year, which sell for ​$3.00 each. Suppose the interest rate on savings is 3 percent and that the farmer could otherwise have earned ​$35,000 as a shoe salesman.

Economic profit = accounting profit - implicit cost

Accounting profit= total revenue - explicit cost

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives

Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials

total explicit cost = (1,000,000 + $80,000 + $130,000) = $1,210,000

total revenue = price x output

$3 x 200,000 = $600,000

Accounting profit = $600,000 - $1,210,000 = $-610,000

implicit cost = amount he could have earned working as a sales man = $35,000

Interest on loan = 0.03 x 1,00,000 = 30,000

total = 35,000 + 30,000 = 65,000

economic profit = $-610,000 - 65,000 = $-675,000

The peach farmer earns economic profit of ​$

1) The pen example in the video suggests that most salespeople ____________________. a struggle to get a foot in the door b are at least polite c ask the right questions before making a sales presentation d focus on relationship building in the first meeting with the customer e start by highlighting the features and points-of-difference of a product

Answers

Answer:

A. struggle to get a foot in the door

Explanation:

The example of pen was used to define the fact that most salespeople start off by asking or telling the usual instead of analysing the situation and determining the right questions to be asked from the customer which ultimately leads to most of sales individuals to struggle.

Like in this case where a salesperson is given a pen, he would start by saying that he has a pen to sell with multiple colours, they are affordable and lightweight. These questions are too generic and may not interest the customer. Instead to sale better one must ask intelligent questions that will be  relevant for the customer in order to pitch them the right kind of product.

9. The NOI for a small income property is expected to be $150,000 for the first year. Financing will be based on a 1.2 DCR applied to the first year NOI, will have a 10 percent interest rate, and will be amortized over 20 years with monthly payments. The NOI will increase 3 percent per year after the first year. The investor expects to hold the property for five years. The resale price is estimated by applying a 9 percent terminal capitalization rate to the sixth-year NOI. Investors require a 12 percent rate of return on equity (equity yield rate) for this type of property. a. What is the present value of the equity interest in the property

Answers

Answer:

a. The present value of the equity interest in the property is:

= PV = $1,096,338

Explanation:

a) Data and Calculations:

Debt Coverage Ratio = 1.2

Debt interest = $150,000/1.2 = $125,000

Interest rate = 10%

Therefore, total financing or debt obtained = $125,000/10% = $1,250,000

NOI for the first year = $150,000

NOI for other years = 3% per year after the first year.

Holding period of property = 5 years

Therefore, expected NOIs for the second to fifth year are calculated as follows:

                 

Net operating income (NOI):

First Year  = $150,000      

Second Year = $154,500 ($150,000 * 1.03)

Third Year = $159,135 ($154,500 * 1.03)

Fourth Year = $163,909 ($159,135 * 1.03)    

Fifth Year = $168,826 ($163,909 * 1.03)

Sixth year NOI = $173,891 ($168,826 * 1.03)

Terminal capitalization rate = 9%

Resale price = NOI of the sixth year/Terminal cap rate

= $173,891/9% = $1,932,122

The present value of the equity interest in the property:

From an online financial calculator:

N (# of periods)  5

I/Y (Interest per year)  12

PMT (Periodic Payment)  0

FV (Future Value)  $1,932,122

Results

PV = $1,096,337.91

Total Interest $835,784.09

A bicameral legislature is made up of how many bodies?
O one
O two
O three
O four

Answers

Answer:

two

Explanation:

A bicameral legislature is made up of two bodies. Thus, option B is the correct option.

What is a bicameral legislature?

A bicameral legislature, which is distinguished by having two distinct assemblies, chambers, or houses, is one that practices bicameralism. Unicameralism, in which all members discuss and vote as a single body, is distinct from bicameralism. Bicameralism will be used by about 40% of national legislatures throughout the world as of 2022, compared to 60% at the national level and significantly more at the subnational level for unicameralism.

The techniques used to elect or choose the members of the two chambers sometimes varied from jurisdiction to jurisdiction. This frequently results in the membership of the two chambers being significantly different. Primary legislation frequently has to be approved by majorities in both houses of the legislature in order to be passed. If this is the case, the legislature may be seen as the epitome of bicameralism.

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Fitz Company reports the following information.
Selected Annual Income Statement Data Selected Year-End Balance Sheet Data
Net income $ 374,000 Accounts receivable decrease $ 17,100
Depreciation expense 44,000 Inventory decrease 42,000
Amortization expense 7,200 Prepaid expenses increase 4,700
Gain on sale of plant assets 6,000 Accounts payable decrease 8,200
Salaries payable increase 1,200
Use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended December 31.

Answers

Answer and Explanation:

The preparation of the operating activities section is presented below:

Cash flows from operating activities

Net income  $374,000

Adjustments made  

Add: Depreciation  $44,000

add: Amortisation expanses  $7,200

Add: Accounts receivable decrease  $17,100

Add: Inventory decrease  $42,000

Less: Prepaid expense increase  -$4,700

Less: Accounts payable decrease  -$8,200

Add: Wages payable increases  $1,200

Less: Gain on sale of machinery  -$6,000

Net cash provided by operating activities  $466,600

Fitz Company reports the given information. We can use the indirect method to prepare the operating activities section of its statement of cash flows for the year ended December 31. The statement is given below:

The preparation of the operating activities section is presented below:

Cash flows from operating activities

Net income $374,000

Adjustments made

Add: Depreciation $44,000

add: Amortisation expenses $7,200

Add: Accounts receivable decrease $17,100

Add: Inventory decrease $42,000

Less: Prepaid expense increase $4,700

Less Accounts payable decrease $8,200 Add: Wages payable Increases $1,200

Less: Gain on sale of machinery $6,000

Net cash provided by operating activities $466,600

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How do the McDonald brothers propose to control the involvement Ray Kroc would have in their business?

Answers

They buy a ring and then propose after

Changing a problem culture typically does not involve

a. altering the company's financial objectives
b. both symbolic and substantive actions by executives to implant new cultural behaviors
c. designing compensation incentives that boost the pay of teams and individuals who display the desired cultural behaviors and hit change resisters in the pocketbook
d. replacing old-culture managers with new-breed managers
e. using company gatherings and ceremonial occasions to praise individuals and groups that display the desired new cultural traits and behaviors

Answers

Answer:

a. altering the company's financial objectives.

Explanation:

The problem-solving process can be defined as the systematic approach used to identify and determine the solution to a particular problem.

The steps involved in the problem-solving process are;

1. Identify and define the problem: this is the first step to be taken in solving a problem. This is to ensure that, the focus is on the main issue or situation (goal) and all efforts is channeled in the right direction rather than the symptoms.

2. Gathering of information: this helps to consider the options available in solving a problem effectively.

3. Consider your options: this helps to compare the available and viable solutions to the problem.

4. Weigh disadvantages and evaluate a solution: you weigh the disadvantages of each solution, before choosing the one with the least disadvantages.

In Business management, changing a problem culture typically does not involve altering the company's financial objectives because the problems that are related to organisational culture are social and more closely related to the behavior and belief of the employees.

Consider a monopoly where consumers are currently consuming where the marginal utility is 10 units of utility for the good. The price of the product is $5. The marginal cost of producing the good is $2.00. Then consider perfectly competitive firms where consumers are currently consuming where the marginal utility is 20 units of utility for the perfectly competitive product. The price of the product is $10. At current production levels, the marginal cost of producing the good is $10.

Required:
a. Calculate the marginal utility per dollar spent by consumers in a monopolistic industry.
b. Calculate the consumer marginal utility per dollar of marginal cost for the monopoly.

Answers

Answer and Explanation:

a. The marginal utility per dollar spent  in a monopolistic industry is

= Marginal utility ÷ Price

= 10 ÷ 5

= 2 utils per dollar

b. The consumer marginal utility per dollar for the monopoly is

= Marginal utility ÷ Marginal cost

= 10 ÷ 2

= 5 utils per dollar

hence by using the above formulas, the above answers should be considered

Problem 9-3 Withholding Methods (LO 9.1) Sophie is a single taxpayer. For the first payroll period in July 2020, she is paid wages of $2,200 monthly. Sophie claims one allowance on her pre-2020 Form W-4. Click here to access the withholding tables. IRS Publication 15-T, Federal Income Tax Withholding Method Pay period 2020 Allowance Amount Weekly $ 83 Biweekly 165 Semimonthly 179 Monthly 358 Quarterly 1,075 Semiannually 2,150 Annually 4,300 Round intermediate computations and your final answer to two decimal places. a. Use the percentage method to calculate the amount of Sophie's withholding for a monthly pay period. Sophie's withholding: $fill in the blank 276f67fd3f97003_1 b. Use the wage bracket method to determine the amount of Sophie's withholding for the same period. $fill in the blank 92701d098054043_1 c. Use the percentage method assuming Sophie completed a 2020 Form W-4 and checked only the single box in Step 1(c). $fill in the blank 75763bf84f9d024_1 d. Use the wage bracket method using the same assumptions in part c of this question. $fill in the blank 73d4ce04b013fc1_1

Answers

Can you show like a picture?

The ABC Corporation is considering opening an office in a new market area that would allow it to increase its annual sales by $2.5 million. Cost of goods sold is estimated to be 40 percent of sales, and corporate overhead would increase by $300,000, not including the cost of either acquiring or leasing office space. The corporation will have to invest $2.5 million in office furniture, office equipment, and other up-front costs associated with opening the new office before considering the costs of owning or leasing the office space. A small office building could be purchased for sole use by the corporation at a total price of $3.9 million, of which $600,000 of the purchase price would represent land value, and $3.3 million would represent building value. The cost of the building would be depreciated over 39 years. The corporation is in a 30 percent tax bracket. An investor is willing to purchase the same building and lease it to the corporation for $450,000 per year for a term of 15 years, with the corporation paying all real estate operating expenses (absolute net lease). Real estate operating expenses are estimated to be 50 percent of the lease payments. Estimates are that the property value will increase over the 15-year lease term for a sale price of $4.9 million at the end of the 15 years. If the property is purchased, it would be financed with an interest-only mortgage for $2,730,000 at an interest rate of 10 percent with a balloon payment due after 15 years.
a. What is the return from opening the office building under the assumption that it is leased?
b. What is the return from opening the office building under the assumption that it is owned?
c. What is the return on the incremental cash flow from owning versus leasing?
d. In general, what other factors might the firm consider before deciding whether to lease or own?

Answers

Answer:

A. 12.02%

B. 12.56%.

C. 13.41%

D.1. How long will it take for the asset to be needed

2. How much space is needed to establish the firm.

3. How much expense will the firm incurred to help keep the assets perfectly.

Explanation:

a. Calculation to determine the return from opening the office building under the assumption that it is leased

First step is to calculate the after-tax cash flow l

Sales $2,500,000

Less Cost of goods sold $1,000,000

(40%*$2,500,000)

Gross income $1,500,000

($2,500,000-$1,000,000)

Less: Operating expense

Business expense $300,000

Real estate $225,000

(50%*$450,000)

Less: Lease payments $450,000

Interest payment-

Depreciation-

Taxable income $525,000

Less: Tax ($157,500)

(30%*$225,000)

Income after tax$367,500

($525,000-$157,500)

Add: Depreciation-

Principal-

After-tax cash flow$367,500

($525,000-$157,500)

Now let determine the return from opening the office building

Since the after tax cash flow for 15 years is the amount of $367,500 while the cash outlay is the amount of $2,500,000 using excel to determine the Internal rate of return (IRR) the return from opening the office building will be 12.02%.

Therefore the return from opening the office building under the assumption that it is leased is 12.02%

b. Calculation to determine the return from opening the office building under the assumption that it is owned.

First step is to Calculate the after-tax cash flow

Sales $2,500,000

Cost of goods sold $1,000,000

(40%*$2,500,000)

Gross income $1,500,000

($2,500,000-$1,000,000)

Less: Operating expense

Business expense $300,000

Real estate $225,000

(50%*$450,000)

Less: Lease payments

Interest payment $273,000

(10%*$2,300,000)

Less: Depreciation $84,615

Taxable income $617,385

Less: Tax at 30% $185,215

(30%*$617,385)

Income after tax $432,169

($617,385-$185,215)

Add: Depreciation$84,615

Principal0

After-tax cash flow $516,785

($432,169+$84,615)

Since the after tax cash flow for 15 years is the amount of $367,500, the residual value after 15 years is the amount of $2,006,015 calculated as ($1,489,231+$$516,785)and The cash outlay is the amount of $3,670,000 using excel to compute the Internal rate of return (IRR) the return from opening the office building

will be 12.56%.

c. Calculation to determine the return on the incremental cash flow from owning versus leasing

First step is to Calculate the difference between owning and leasing cash flows

Sales -

Cost of goods sold-

Gross income-

Less: Operating expense-

Business expense-

Real estate-

Less: Lease payments ($450,000)

Interest payment $273,000

(10%*$2,300,000)

Less: Depreciation$84,615

Taxable income $92,385

Less: Tax at 30% $27,715

(30%$92,385)

Income after tax $64,669

($92,385-$27,715)

Add: Depreciation $84,615

Principal0

After-tax cash flow $149,285

($64,669+$84,615)

Since the after-tax cash flow is the amount of $149,285 for 15 years and the cash outlay is the amount of $1,170,000 using the internal rate of return with excel the return on the incremental cash flow from owning versus leasing will be 13.41%.

d.Factors the firm might consider before deciding whether to lease or own are :

1. How long will it take for the asset to be needed

2. How much space is needed to establish the firm.

3. How much expense will the firm incurred to help keep the assets perfectly.

Which of the following statements is true of raw materials?

Answers

Can you put the complete question, please?

Raw materials include products used in producing other products. They are the the input goods or inventory that a company needs to manufacture its products.

What is a raw material?

A raw material, which is also referred to as a feedstock, an unprocessed material, or a primary commodity, is a kind of fundamental resource that is used to make other materials, such as intermediate materials that will be used as feedstock for finished items in the future.

Materials or substances used in the initial stages of producing or manufacturing items are known as raw materials. On commodity exchanges around the world, raw materials are commodities that are purchased and sold. Because raw materials are production factors, businesses trade them on the factor market.

Therefore, raw materials are directly used in any manufacturing process.

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Your question is incomplete, but most probably the full question was,

a. They are large capital purchases designed for a long productive life.

b. They include products used in producing other products.

c. They are the goods and services that hold little interest for consumers.

d. They are categorized as consumer products.

A bank has $50 million in assets, $47 million in liabilities and $3 million in shareholders' equity. If the duration of its liabilities are 1.3 and the bank wants to immunize its net worth against interest rate risk and thus set the duration of equity equal to zero, it should select assets with an average duration of _________.

Answers

Answer: 1.222

Explanation:

The Average duration can be derived from the formula:

Assets * Average Duration = Liabilities * Duration of Liabilities

Average Duration = (Liabilities * Duration of Liabilities) / Assets

= (47,000,000 * 1.3) / 50,000,000

= 61,100,000 / 50,000,000

= 1.222

During year 2019, Chocolate International (GI) has purchased its inventory as follow: Date Units Unit Cost Total Cost Beginning Inventory 2,500 $8.00 $20,000 April 8, 2019 4,000 $8.10 $32,400 August 7, 2019 2,000 $8.30 $16,600 September 28, 2019 3,500 $8.40 $29,400 Total 12,000 $98,400 Additional Information On December 31, 2019, GI conducted a physical inventory and discovered that it has 800 unit remains in ending inventory. GI used the periodic inventory system. Requirements [You must show your work/steps of how you arrive at your answers] Question 1: Use the weighted average method to find GI's Cost of goods sold and Cost of Ending Inventory. Question 2: Use the LIFO method to find GI's Cost of goods sold and Cost of Ending Inventory. Question 3: Use the FIFO method to find GI's Cost of goods sold and Cost of Ending

Answers

Answer:

Chocolate International (CI)

Periodic Inventory system

1. Weighted-Average method:

Cost of goods sold = $91,840 (11,200 * $8.20)

Cost of ending inventory = $6,560 (800 * $8.20)

2. LIFO method:

Cost of ending inventory = $6,400 (800 * $8.00)

Cost of goods sold = Total cost Minus Cost of Ending Inventory

= $98,400 - $6,400

= $92,000

3. FIFO method:

Cost of ending inventory = $6,720 (800 * $8.40)

Cost of goods sold = Total cost Minus Cost of Ending Inventory

= $98,400 - $6,720

= $91,680

Explanation:

a) Data and Calculations:

Date                  Description                 Units    Unit Cost     Total Cost

April 1, 2019      Beginning Inventory 2,500        $8.00         $20,000

April 8, 2019     Purchase                   4,000         $8.10         $32,400

August 7, 2019 Purchase                   2,000        $8.30          $16,600

September 28  Purchase                   3,500        $8.40         $29,400

Total                                                   12,000                           $98,400

Weighted-average cost per unit = $8.20

Ending inventory                                   800

Units sold                                           11,200 (12,000 - 800)

b) The FIFO (First-in, First-out) method is based on the assumption that Chocolate sales are made from the first items in stock.  This means that the ending inventory of Chocolate is made up of the newest items.

On the other hand, the LIFO (Last-in, First-out) method bases its assumption on the sale of the newest Chocolate in stock while the oldest items form the bulk of the ending inventory.

The weighted-average method calculates a weighted-average unit cost of inventory by dividing the total cost of Chocolate available for sale by the total units of Chocolate for sale.  Using the period inventory system, the computations of both the cost of goods sold and the ending inventory are done at the end of the specific financial period, unlike the perpetual inventory system.

An organization whose capacity is on that portion of the average unit cost curve that falls as output rises: has a facility that is below optimum operating level and should build a larger facility. has a facility that is above optimum operating level and should reduce facility size. is suffering from diseconomies of scale. has utilization higher than efficiency. has expected output higher than rated capacity

Answers

Answer:

has a facility that is below optimum operating level and should build a larger facility.

Explanation:

In the case when the organization whose capacity should be on the average unit cost curve where it would be decline when the output rises so this means that it has a facility i.e. lower than the optimal level of operation and should established the larger facility

Hence, the first option is correct

And, the other options would be incorrect

Suppose that Expresso and Beantown are the only two firms that sell coffee. The following payoff matrix shows the profit (in millions of dollars) each company will earn depending on whether or not it advertises:

Beantown
Advertise Doesn't Advertise
Expresso Advertise 8, 8 15, 2
Doesn't Advertise 2, 15 9, 9

For example, the upper right cell shows that if Expresso advertises and Beantown doesn't advertise, Expresso will make a profit of $15 million, and Beantown will make a profit of $2 million. Assume this is a simultaneous game and that Expresso and Beantown are both profit-maximizing firms.

If Expresso decides to advertise, it will earn a profit of $ ____________ million if Beantown advertises and a profit of $ _________ million if Beantown does not advertise. If Expresso decides not to advertise, it will earn a profit of $ ____________ million if Beantown advertises and a profit of $_________ million if Beantown does not advertise.

Answers

Answer:

$15 Million

$8 Million

Explanation:

Payoff Matrix is as follows:                      Beantown

Expresso Advertise =      Advertise                         Doesn't Advertise

                                        (8,8)                                 (15,2)

Doesn't Advertise           (2,15)                                   (9,9)

If Expresso decides to advertise, it will earn a profit of $2 million if Beantown

advertises, it follows the strategy (Advertise, Advertise)

He earns a profit of $15 million if Beantown does not Advertise, here it follows the strategy (Advertise, Doesn't Advertise).

Meritor, a company that makes muffler assemblies for the automotive industry, is committed to the use of kanban to pull material through its manufacturing cells. Meritor has designed each cell to fabricate a specific family of muffler products. Fabricating a muffler assembly involves cutting and bending pieces of pipe that are welded to a muffler and a catalytic converter. The mufflers and catalytic converters are pulled into the cell based on current demand. The catalytic converters are made in a specialized cell.
Catalytic converters are made in batches of 10 units and are moved in special hand carts to the fabrication cells. The catalytic converter cell is designed so that different types of catalytic converters can be made with virtually no setup loss.
Meritor hires a team of consultants. The consultants suggest a partial robotic automation as well as the safety stock to be 12.5 percent. Meritor implements these suggestions. The result is an increase in efficiency in both the fabrication of muffler assembly and the making of catalytic converters. The muffler assembly fabrication cell averages 16 assemblies per hour and the lead time is two hours’ response time for a batch of 10 catalytic converters. How many kanban cards are needed? (Round up your answer to the next whole number.)

Answers

Answer: See explanation

Explanation:

The number of kanban cards that are needed can be calculated below:

Average demand, D = 16

Lead time, L = 2 hours

Safety stock, S = 12.5% = 0.125

Catalytic converters, C = 10

Using the formula, =DL(1+S) / C

= 16×2(1 + 0.125) / 10

= 32(1.125) / 10

= 36 / 10

= 3.6

= 4 approximately

Therefore, 4 kanban cards are needed.

g Suppose a central bank wants to increase its international reserves without changing the domestic money supply. It will Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a make an unsterilized purchase of foreign bonds. b make an unsterilized sale of foreign bonds. c make a sterilized purchase of foreign bonds. d make a sterilized sale of foreign bonds.

Answers

Answer:

c. make a sterilized purchase of foreign bonds.

Explanation:

A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.

Bonds are generally debts, which may be floated in different ways with respect to the issuer of the bond and its type. Bonds are used by government and corporate institutions to borrow money with interest and they also have to pay for the face value of the bonds at maturity.

The par value of a bond is its face value and it comprises of its total dollar amount as well as its maturity value. Also, the par value of a bond gives the basis on which periodic interest is paid. Thus, a bond is issued at par value when the market rate of interest is the same as the contract rate of interest. This simply means that, a bond would be issued at par (face) value when the bond's stated rated is significantly equal to the effective or market interest rate on the specific date it was issued.

In Economics, bonds could either be issued at discount or premium. A bond that is being issued at a discount has its stated rate lower than the market interest rate, on the specific date of issuance while a bond that is issued at a premium, has its stated rate higher than the market interest rate on the specific date of issuance.

Hence, a central bank can increase its international reserves without changing the domestic money supply by making a sterilized purchase of foreign bonds.

On July 1, 2015, Karen Company purchased equipment for $325,000; the estimated useful life was 10 years and the expected salvage value was $40,000. Straight-line depreciation is used. On July 1, 2019, economic factors cause the market value of the equipment to decrease to $90,000. On this date, Karen evaluates if the equipment is impaired and estimates future cash flows relating to the use and disposal of the equipment to be $195,000.

Required:
a. Is the equipment impaired at July 1, 2019? Explain.
b. If the equipment is impaired at July 1, 2019, calculate the amount of the impairment loss.
c. If the equipment is impaired at July 1, 2019, prepare the journal entry to record the impairment Bidings Goodwil komat kumulat loss.

Answers

Answer:

Karen Company

a. The equipment is impaired at July 1, 2019 because its projected future cash flows of $195,000 are less than its current carrying value of $211,000.

b. The amount of the impairment loss is:

= $16,000.

c. Journal Entry to record the impairment:

July 1, 2019:

Debit Impairment Loss $16,000

Credit Equipment $16,000

To record the estimated impairment loss.

Explanation:

a) Data and Calculations:

July 1, 2015:

Purchase cost of equipment = $325,000

Estimated useful life = 10 years

Expected salvage value = $40,000

Depreciable amount = $285,000 ($325,000 - $40,000)

Annual depreciation expense = $28,500 ($285,000/10)

July 1, 2019:

Total accumulated depreciation = $114,000 ($28,500 * 4 years)

Carrying amount of the equipment = $211,000 ($325,000 - $114,000)

Projected future cash flows = $195,000

Difference (Impairment loss) $16,000

Which type of law controls the operation and procedures of government
agencies?
A. Statutory
B. International
C. Regulatory
D. Constitutional

Answers

The answer is C. Regulatory law

Mercury Inc. purchased equipment in 2019 at a cost of $497,000. The equipment was expected to produce 580,000 units over the next five years and have a residual value of $33,000. The equipment was sold for $253,600 part way through 2021. Actual production in each year was: 2019 = 83,000 units; 2020 = 133,000 units; 2021 = 67,000 units. Mercury uses units-of-production depreciation, and all depreciation has been recorded through the disposal date.
Required:
1. Calculate the gain or loss on the sale.
2. Prepare the journal entry to record the sale.
3. Assuming that the equipment was instead sold for $280,000, calculate the gain or loss on the sale.
4. Prepare the journal entry to record the sale in requirement 3.

Answers

Answer:

1.

Gain or (Loss) on sale = (17000)  Loss

2.

Cash                                                     253600 Dr

Accumulated Depreciation               226400 Dr

Loss on Sale                                        17000 Dr

         Equipment                                         497000 Cr

3.

Gain or (Loss) on sale = 9400 Gain

4.

Cash                                                    280000 Dr

Accumulated Depreciation              226400 Dr

         Gain on Sale                                      9400 Cr

         Equipment                                         497000 Cr

Explanation:

We first need to calculate the carrying value of the equipment at the date of disposal. The carrying value is calculated as follows,

Carrying value = Cost  -  Accumulated depreciation

Depreciation 2019  =  (497000 - 33000) * 83000 / 580000

Depreciation 2019  = 66400

Depreciation 2020  =  (497000 - 33000) * 133000 / 580000

Depreciation 2020  = 106400

Depreciation 2021  =  (497000 - 33000) * 67000 / 580000

Depreciation 2021  = 53600

Carrying value = 497000  -  [ 66400 + 106400 + 53600 ]

Carrying value = $270600

1.

Gain or (Loss) on sale = Sales price  -  Carrying Value

Gain or (Loss) on sale = 253600  -  270600

Gain or (Loss) on sale = (17000)  Loss

2.

Cash                                                     253600 Dr

Accumulated Depreciation                226400 Dr

Loss on Sale                                        17000 Dr

         Equipment                                         497000 Cr

3.

Gain or (Loss) on sale = Sales price  -  Carrying Value

Gain or (Loss) on sale = 280000  -  270600

Gain or (Loss) on sale = 9400 Gain

4.

Cash                                                    280000 Dr

Accumulated Depreciation                226400 Dr

         Gain on Sale                                      9400 Cr

         Equipment                                         497000 Cr

Example of how this skill can make you valuable to potential employer of self and social awareness

Answers

Answer:Self-awareness can help improve your career because it makes it easier to understand how others see you. This is key for success. It's essential to be aware of the perceptions of higher-ups, of course, but it's also important to know how you come off when you're working in a leadership capacity.

Explanation: trust

The followings are the example of how this skill can make you valuable to a potential employer of self and social awareness:

recognizing your feelings and your emotions.Identify your main coping techniques.defining your own opinions independently of outside influences.putting your happiness and purpose first.recognizing your advantages and weaknesses.

What is Social Awareness?

The capacity to understand others' viewpoints and have empathy for them, even those from different cultures and origins. the capacity to perceive community resources and supports, as well as to comprehend social and ethical norms for behavior.

A more peaceful workplace can be achieved through developing your self-awareness so that you can interact with coworkers, direct reports, and superiors more effectively. You can view problems more objectively and consider your possible contribution to their development. You pay attention and live in the present.

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The following information was obtained from the records of Appleton Corporation during 2018.

Manufacturing Overhead was applied at a rate of 100 percent of direct labor dollars.
Beginning value of inventory follows:

Beginning Work in Process Inventory, $9,000.
Beginning Finished Goods Inventory, $12,000.

During the period, Work in Process Inventory decreased by 20 percent, and Finished Goods Inventory increased by 25 percent.
Actual manufacturing overhead costs were $88,000.
Sales were $418,000
Adjusted Cost of Goods Sold was $302,000.

Required:
Use the preceding information to find the missing values in the following table:

Item Amount
Direct Materials Used
Direct labor
Manufacturing Overhead Applied 85,000
Total Current Manufactoring Costs
Plus: Begining work in process inventory 9,000
Less: Ending Work in process inventory
Cost of goods manufactured
Plus: Beginning finished goos inventory 12,000
Less: Ending Finished goods inventory
Unadjusted cost of goods sold
Overhead Adjustment
Adjusted Cost of Goods Sold $319,000

Answers

Answer:

See below

Explanation:

Items

Direct materials used

($300,200 - $85,000 - $85,000)

$130,200

Direct labor ($85,000/100%)

$85,000

Manufacturing overhead applied $85,000

Total current manufacturing costs

($302,000 + $7,200 - $9,000)

$300,200

Plus: Beginning work in process inventory

$9,000

Less: Ending work in process inventory

($9,000 × 80%)

$7,200

Cost of goods manufactured

($299,000 + $15,000 - $12,000)

$302,000

Plus: Beginning finished goods inventory

$12,000

Less: Ending finished goods inventory

($12,000 × 125%)

$15,000

Unadjusted cost of goods sold ($302,000 - $3,000)

$299,000

Add: Overhead adjustment ($88,000 - $85,000)

$3,000

Adjusted cost of goods sold

$302,000

Using the preceding information to find the missing values in the following table, titled Production Cost Schedule, is as below.

What is a Production Cost Schedule?

A production cost schedule is a cost schedule or table that shows the total costs of production at different levels of input and output.

For example, the missing values in the Production Cost Schedule are as follows:

Direct Materials Used                               $152,000

Direct labor                                                   85,000

Manufacturing Overhead Applied               85,000

Total Current Manufacturing Costs          322,000

Plus: Begining work in process inventory    9,000

Less: Ending Work in process inventory    12,000

Cost of goods manufactured                    319,000

Plus: Beginning finished goods inventory  12,000

Less: Ending Finished goods inventory     15,000

Unadjusted cost of goods sold                316,000

Overhead Adjustment                                  3,000

Adjusted Cost of Goods Sold                $319,000

Data and Calculations:

Actual manufacturing overhead costs = $88,000

Adjusted cost of goods sold = $302,000

Work in Process

Beginning Balance $9,000

Ending balance = $10,800 ($9,000 x 1.20)

Finished Goods

Beginning Balance $12,000

Ending balance = $15,000 ($12,000 x 1.25)

Missing Values Table

Direct Materials Used                                 152,000 ($322,000 - $85,000 - $85,000)

Direct labor                                                  85,000 ($85,000/100%)

Manufacturing Overhead Applied             85,000

Total Current Manufactoring Costs         322,000 ($319,000 + $12,000 - 9,000)

Plus: Begining work in process inventory   9,000

Less: Ending Work in process inventory   12,000

Cost of goods manufactured                   319,000 ($316,000 +$15,000 - $12,000)

Plus: Beginning finished goods inventory 12,000

Less: Ending Finished goods inventory    15,000

Unadjusted cost of goods sold                316,000 ($319,000 - $3,000)

Overhead Adjustment                                  3,000 ($88,000 - $85,000)

Adjusted Cost of Goods Sold                $319,000

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Products A and B are joint products. Product A can be sold for $1,200 at the split-off point, or processed further at a cost of $600 and then sold for $1,700. Product B can be sold for $3,000 at the split-off point, or processed further at a cost of $800 and then sold for $4,000. The company should process further: Multiple Choice Product A. Product B. Both products. Neither of the products.

Answers

Answer:

The company should process further:

Product B.

Explanation:

a) Data and Calculations:

Product A sales value at split-off point = $1,200

Cost of further processing of Product A = $600

Sales proceeds from Product A after further processing = $1,700

Product B sales value at split-off point = $3,000

Cost of further processing of Product B = $800

Sales proceeds from Product B after further processing = $4,000

b) There is no additional revenue gained from further processing of Product A.  Instead, there is a loss of $100 ($1,800 - $1,700).  This is unlike Product B where there is a gain of $200 ($4,000 - $3,800) from further processing.  The company's decision should be to sell Product A at split-off while further processing Product B to realize incremental revenue.

Does dyson company use the line extension?

Answers

Answer:yes

Explanation:

Line extinctions is making a product with the same brand and category type example different Dyson vacuums

Hope this helps

On January 1 of this year, Shannon Company completed the following transactions (assume a 8% annual interest rate):

a. Bought a delivery truck and agreed to pay $61,400 at the end of three years.
b. Rented an office building and was given the option of paying $11,400 at the end of each of the next three years or paying $30,000 immediately.
c. Established a savings account by depositing a single amount that will increase to $92,800 at the end of seven years.
d. Decided to deposit a single sum in the bank that will provide 8 equal annual year-end payments of $41,400 to a retired employee (payments starting December 31 of this year.

Required:
a. What is the cost of the truck that should be recorded at the time of purchase? (Round your answer to nearest whole dollar.)
b. Which option for the office building results in the lowest present value?
c. What single amount must be deposited in this account on January 1 of this year? (Round your answer to nearest whole dollar.)
d. What single sum must be deposited in the bank on January 1 of this year?

Answers

Answer:

a. The cost of the truck that should be recorded at the time of purchase is:

= $48,741.

b. The option of paying $11,400 annually for 3 years results in a PV of $29,379, which is lower than $30,000 paid immediately.

c. The single amount that must be deposited in this account on January 1 of this year is:

= $54,148.

d. The single sum that must be deposited in the bank on January 1 of this year to provide 8 equal annual year-end payments of $41,400 to a retired employee is:

= $237,910.85

Explanation:

a) Data and Calculations:

a. Bought a delivery truck and agreed to pay $61,400 at the end of three years.

From an online financial calculator:

(# of periods)  3

I/Y (Interest per year)  8

PMT (Periodic Payment)  0

FV (Future Value)  $61400

Results

PV = $48,741.30

Total Interest $12,658.70

b. Rented an office building and was given the option of paying $11,400 at the end of each of the next three years or paying $30,000 immediately.

From an online financial calculator:

N (# of periods)  3

I/Y (Interest per year)  8

PMT (Periodic Payment)  $11,400

FV (Future Value)  0

Results

PV = $29,378.91

Sum of all periodic payments $34,200.00

Total Interest $4,821.09

c. Established a savings account by depositing a single amount that will increase to $92,800 at the end of seven years.

From an online financial calculator:

N (# of periods)  7

I/Y (Interest per year)  8

PMT (Periodic Payment)  0

FV (Future Value)  $92,800

Results

PV = $54,147.91

Total Interest $38,652.09

d. Decided to deposit a single sum in the bank that will provide 8 equal annual year-end payments of $41,400 to a retired employee (payments starting December 31 of this year.

From an online financial calculator:

N (# of periods)  8

I/Y (Interest per year)  8

PMT (Periodic Payment) $41,400

FV (Future Value)  0

Results

PV = $237,910.85

Sum of all periodic payments $331,200.00

Total Interest $93,289.15

A new firm is developing its business plan. It will require $565,000 of assets, and it projects $452,800 of sales and $354,300 of operating costs for the first year. Management is quite sure of these numbers because of contracts with its customers and suppliers. It can borrow at a rate of 7.5%, but the bank requires it to have a TIE of at least 4.0, and if the TIE falls below this level the bank will call in the loan and the firm will go bankrupt. What is the maximum debt-to-assets ratio the firm can use

Answers

Answer:

58.11%

Explanation:

Sales = $452,800

Operating costs= 354,300

Operating Income (EBIT) = $98,500

TIE= 4.00

Maximum interest expense= EBIT/TIE= $24,625

Interest rate= 7.50%

Max. debt =Max interest/Interest rate = $328,333

Maximum debt ratio=Debt/ Assets= 58.11%

The Bell Weather Co. is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 16 percent a year for the next 4 years and then decreasing the growth rate to 6 percent per year. The company just paid its annual dividend in the amount of $1.60 per share. What is the current value of one share of this stock if the required rate of return is 7.10 percent

Answers

Answer:

$287.01

Explanation:

The 2 stage dividend discount model would be used to determine the current value of the stock.

first stage

Present value in year 1 = (1.6 x 1.16) / 1.071 = 1.73

Present value in year 2 = (1.6 x 1.16²) / 1.071² = 1.88

Present value in year 3 = (1.6 x 1.16³) / 1.071³ =2.03

Present value in year 4 = (1.6 x 1.16^4) / 1.071^4 = 2.20

second stage

[ (1.6 x 1.16^4) x (1.06) ] / (0.071 - 0.06) = 279.17

Value of the stock = 1.73 + 1.88 + 2.03 + 2.20 + 279.17 = $287.01

1. $7,000 of merchandise inventory was ordered on September 2, 20092. $3,000 of this merchandise was received on September 5, 20093. On September 6, 2009, an invoice dated September 4, 2009, with terms of 3/10, net 30 for $3,250 which included a $250 prepaid freight cost, was received.4. On September 10, 2009, $800 of the merchandise was returned to the seller.Based on the above information, what would be recorded as the cash payment if the invoice is paid within the discount period

Answers

Answer:

The cash payment to be recorded is:

= $2,376.50.

Explanation:

a) Data and Calculations:

September 2, 2009: Merchandise order = $7,000

September 5, 2009: Merchandise received = $3,000

September 6, 2009: Freight-in                              250

Terms of trade 3/10, net 30

September 10, 2009: Return of merchandise     (800)

Total value of merchandise =                           $2,450

Cash discount (3% of $2,450) =                               73.50

Cash payment =                                                $2,376.50

b) The trade terms of 3/10, net 30 means that a discount of 3% is allowed when payment is made within 10 days of the purchase date or on or before September 11, 2009.  This amounts to $73.50.  Therefore, the net amount to be paid is $2,376.50 after deducting the calculated discount amount.

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