Answer:
Firms that maximized their competitive advantage:
Pfizer
Amazon
Netflix
Firms who failed during Coviid crisis:
LasVegas Monorail
Bounce for fun - New York
Gold's Gym International
Explanation:
The world is going through very tough period. Its been more than a year that there have been complete lockdown in many countries. COVIiD - 19 virus has created great challenges for humans to survive. It has also impacted businesses and financial sectors. Some businesses were able to boost their sales and they exploit the pandemic while some companies were struggling to avoid bankruptcy and shutdowns. Pfizer has turned this pandemic into an opportunity to boost their business sales by introducing vaccine against this virus. While on the other hand some businesses were moved towards bankruptcy as there is closure for more than a year due to social distancing.
A company had an unadjusted Cost of Goods Sold of $1,690,000. The company closes its underapplied or overapplied overhead to Cost of Goods Sold. The company had actual manufacturing overhead of $650,000 and applied manufacturing overhead of $666,250. What is the adjusted Cost of Goods Sold for the year
Answer:
"$1,673,750" is the appropriate answer.
Explanation:
The given values in the question are:
Applied overhead,
= $666,250
Actual overhead,
= $650,000
Unadjusted cost,
= $1,690,000
Now,
The overapplied overhead will be:
= [tex]Applied \ overhead-Actual \ overhead[/tex]
= [tex]666,250-650,000[/tex]
= [tex]16,250[/tex] ($)
hence,
The goods sold's adjusted cost will be:
= [tex]Unadjusted \ cost-Overapplied \ overhead[/tex]
= [tex]1,690,000-16,250[/tex]
= [tex]1,673,750[/tex] ($)
Portions of the financial statements for Myriad Products are provided below. MYRIAD PRODUCTS COMPANY Income Statement For the Year Ended December 31, 2021 ($ in millions) Sales $620 Cost of goods sold 217 Gross margin 403 Salaries expense$85 Depreciation expense 72 Amortization expense 5 Interest expense 12 Loss on sale of land 3 177 Income before taxes 226 Income tax expense 113 Net Income $113 MYRIAD PRODUCTS COMPANY Selected Accounts from Comparative Balance Sheets December 31, 2021 and 2020 ($ in millions) Year 20212020Change Cash$108 $104 $4 Accounts receivable 224 238 (14) Inventory 442 454 (12) Accounts payable 150 142 8 Salaries payable 82 90 (8) Interest payable 31 24 7 Income tax payable 21 14 7 Required: Prepare the cash flows from the operating activities section of the statement of cash flows for Myriad Products Company using the indirect method
Answer:
$233 million
Explanation:
Statement of cash flow
Cash flow from operating activity
Particulars Amount ($ in millions)
Net income 113
Adjustment in net income
Depreciation 72
Amortization 5
Loss on sale of land 3
Decrease account receivable 14
Decrease inventory 12
Increase account payable 8
Decrease salary payable (8)
Increase interest payable 7
Increase income tax payable 7 120
Net cash flow from operating activity 233
Fed up with her working conditions at the university, Juanita decides to invest in a state-of-the-art sewing machine and produce limited quantities of her own clothing designs. After a few months of operation, she decides to apply some of the forecasting techniques she mastered in school. Which of these statements about her forecasts is correct?
a. Her forecasts will probably be 100% accurate.
b. Her demand forecasts for a year from now will probably be more accurate than her demand forecasts for three months from now.
c. Her demand forecasts for each style of skirt will be more accurate than her demand forecasts for all skirts.
d. The best way for her to determine the amount of fabric she needs is to forecast it based on her customer orders for each type of skirt.
Answer:
Juanita
The correct statement about her forecasts is:
c. Her demand forecasts for each style of skirt will be more accurate than her demand forecasts for all skirts.
Explanation:
Since she has produced limited quantities of her own clothing designs, Juanita is in a better position to determine the demand for each style of skirt that she had produced. This knowledge, which she acquired after a few months of operation, coupled with the forecasting techniques she had mastered in school, will enable her to make a demand forecast for her particular designs than she can make for all design types of skirts.
A recent college graduate has obtained employment at a major financial institution in the big city. Since she just graduated, she has decided to continue to rent her college apartment in the suburbs and make the daily commute to the big city for work. She currently pays $1,200 per month to rent an apartment in the suburbs. She works at the bank five days a week and it takes her one hour each way to commute from her home to her office. According to the assumptions of the bid-rent model, what should this recent grad be willing to pay in rent per month to live in the big city if her hourly wage rate is $25
Answer:
$2,200
Explanation:
Calculation to determine what should this recent grad be willing to pay in rent per month
First step is to calculate the work days
Using this formula
Work days = 5 days per week x 1 hour to work+ 1 hour from work
Let plug in the formula
Work days = 5 days a week x 2 hours
Work days= 10 hours
The second step is to calculate the monthly commuting in a standard month of 4 weeks
Monthly commuting = 4 x 10 hours
Monthly commuting = 40 hours
Third step is to calculate hourly how much she will be able to maximize
Amount maximize = $25 x 40 hours (commuting hours)
Amount maximize= $1,000
Now let determine The total she will be willing to pay in rent
Rent per month= $1,200 + $1,000
Rent per month=$2,200
Therefore what should this recent grad be willing to pay in rent per month is $2,200
Destaque las ventajas y desventajas que tiene un mercado libre.
answer:
ventaja —
libertad para innovarlos clientes impulsan las eleccionesdesventaja —
gamas de productos limitadaspeligros del afán de lucroexplanation:
la falta de control gubernamental permite a las economías de libre mercado una amplia gama de libertades, pero estas también tienen algunos inconvenientes distintosIf you put up $25,000 today in exchange for a 8.50 percent, 19-year annuity, what will the annual cash flow be
Answer:
The right solution is "$2697.54".
Explanation:
Given:
Interest rate,
r = 8.50%
or,
= 0.085
Number of periods,
n = 19
Present value,
= $25,000
As we know,
⇒ [tex]Present \ value=C\times \frac{[1-(1+5)^{-n}]}{r}[/tex]
By substituting the values, we get
⇒ [tex]25000=C\times \frac{[1-(1+0.085)^{-19}]}{0.085}[/tex]
⇒ [tex]2125=C\times [1-0.21224378136][/tex]
⇒ [tex]2125=C\times 0.787756219[/tex]
⇒ [tex]C=\frac{2125}{0.787756219}[/tex]
⇒ [tex]=2697.54[/tex] ($)
Dunning's theory of international investment is known was the electric program in the theory brand names trademarks, economies of scale, managerial skills and proprietary technology are all examples of ownership specific advantages.
A. True
B. False
Answer:
answer is true so mark me brainlist pls i beg
A company with few managerial levels and a short chain of command usually has a wide span of control. This is called a _____ organizational structure. Group of answer choices
Answer:
Flat
Explanation:
An organizational structure can be defined as the process which typically involves dividing an organization into various functional units.
Basically, the organizational structure comprises of three (3) main dimensions and these are;
I. The vertical dimension: this is typically the decision-making responsibilities (decentralization and centralization).
II. The horizontal dimension: this divides the organization into subunits.
III. Integrating mechanisms: it is based typically on the strategic mechanism that controls the various subunits within an organization.
A span of control can be defined as the number of people (employees or workers), functions, activities which are being directly controlled effectively and efficiently by a manager in an organization.
In this scenario, a company has few managerial levels. Also, all short chain of command usually has a wide span of control. This is called a flat organizational structure.
A flat organizational structure can be defined as an organizational structure that comprises of a few or no levels of middle managers between employees and the executive. Thus, it's an organizational structure that brings the top executive in direct contact with the employees such as salespeople, customer care, cashier, etc.
hyde's headphones sells deluxe headphones for $90 each. Unit variable expenses total $50. The breakeven sales in units is 2,000 and budgeted sales in units is 4,525. What is the margin of safety in dollars
Answer:
See below
Explanation:
Given the above information, margin of safety in dollars is computed as;
= (Total sales - Break even sales) × Sales price
= (4,525 - 2,000) × $90
= $227,250
Therefore, the margin of safety in dollars is $227,250
To open and operate Boo! City, a Halloween costume and paraphernalia shop, Dwayne and Erica form a business organization that combines the limited liability aspects of a corporation with the tax advantages of a partnership. Their form of business organization is
Answer:
a limited liability company.
Explanation:
From the question we are informed about To open and operate Boo! City, a Halloween costume and paraphernalia shop, Dwayne and Erica form a business organization that combines the limited liability aspects of a corporation with the tax advantages of a partnership. In this case, Their form of business organization is limited liability company.limited liability company can be regarded as business structure in which owners are not personally liable as regards to debts or liabilities of the company.It is hybrid entities with features of corporation and partnership as well as sole proprietorship.
What is the future value of $3,100 in 17 years assuming an interest rate of 8.4 percent compounded semiannually
Answer:
$12,556.37
Explanation:
Calculation to determine What is the future value
Using this formula
Future value = PV(1 + r)^n
Let plug in the formula
Future value = $3,100[1 + (.084/2)]^17(2)
Future value = $12,556.37
Therefore the future value is $12,556.37
What is a special event that is for people outside a company, such as customers, potential customers, and the
public?
A. Product launch
B. Sales event
C. External event
D. Internal event
Please select the best answer from the choices provided
Answer:
C.
Explanation:
The external events are those events organized for the customers, potential customers, the general public, or other companies outside of the client's business. These events give a chance to the company to showcase its values, beliefs, and morals upon which the company stands.
The external events include charity events, fundraisers, etc. These events paves a way for the business to establish new partnerships with other companies or local businesses.
Therefore, option C is correct.
Answer:
C
Explanation:
Q8 Bernard co. has 9% coupon bonds on the market that have 11 years left to maturity. The bonds will make annual payments. If the YTM on these bonds is 10%, what is the current bond price (in $ dollars)
Answer: Hello the face value of the bond is missing hence I will assume $1000 as the face value.
$935.05
Explanation:
Assumption: Face value of Bond = $1,000
Determine the current bond price
Nper = 11 years
YTM ( rate ) = 10%
PMT = 9% ( coupon rate ) * 1000 ( face value of bond ) = 90
Fv = $1000
apply excel function to determine the current bond price
=PV( 10%,11,90,1000,0) = $935.05
Note : You can insert the face value you have into the excel function if the value you have isn't $1000 as I assumed
A set of servers, that your project needs, has a daily lease cost of $500 for the first 20 days and the lease cost is reduced to $200 daily for any days after the first 20 days. If the team decides to purchase this set of servers, the investment cost is $11,000 and a daily operational cost of $75. (a) After how many days will the purchase cost be same as the lease cost
Answer:
After 25 days of lease, the purchase cost will be the same as the lease cost.
Explanation:
a) Data and Calculations:
Initial investment (purchase) cost = $11,000
Lease cost = $10,000 ($500 * 20)
Difference in purchase and lease cost = $1,000 ($11,000 - $10,000)
Daily lease cost after the first 20 days = $200
Additional number of days for purchase cost to equal lease cost = $1,000/$200 = 5 days
b) One can infer from the above that it will benefit the company more to purchase the set of servers by making the initial investment of $11,000 than leasing the servers.
The current monthly production volume of a company is 1,120 units. Workers are paid $19 per hour, and each worker can produce 4 units per hour. The fixed costs for a month are $4,200. Determine the selling price of the product that the company should charge in order to breakeven its monthly profit.
Answer:
The selling price of the product that the company should charge in order to breakeven its monthly profit is $8.50 per unit.
Explanation:
Number of hours worked by workers per month = Total monthly units / Units per hour = 1,120 / 4 = 280
Total monthly variable cost = Total monthly wages = Number of hours worked by workers per month * Hourly rate = 280 * $19 = $5,320
Total monthly cost = Total monthly variable cost + Fixed costs for a month = $5,320 + $4,200 = $9,520
Selling price to breakeven = Total monthly cost / Total monthly units = $9,520 / 1,120 = $8.50
Therefore, the selling price of the product that the company should charge in order to breakeven its monthly profit is $8.50 per unit.
Scoring: Your score will be based on the number of correct matches. There is no penalty for incorrect or missing matches. Match the most probable matching method to the costs listed below.
1. Dividends
2. Prepaid Insurance
3. Unearned Rent
4. Fees Earned
5. Patents
A. Stockholders' Equity
B. Revenue
C. Expenses
D. Assets
E. Liabilities
Answer and Explanation:
The matching is as follows:
1. Dividends = A. Stockholders' Equity
2. Prepaid Insurance = D. Assets
3. Unearned Rent = E. Liabilities
4. Fees Earned = B. Revenue
5. Patents = D. Assets
In this way it should be matched
Like the dividend is come under equity so it is shown under stockholder equity
likewise it is applied for the other items
Vista Company installed a standard cost system on January 1. Selected transactions for the month of January are as follows.
1. Purchased 18,400 units of raw materials on account at a cost of $3.90 per unit. Standard cost was $3.80 per unit.
2. Issued 18,400 units of raw materials for jobs that required 18,100 standard units of raw materials.
3. Incurred 16,000 actual hours of direct labor at an actual rate of $4.10 per hour. The standard rate is $4.60 per hour. (Credit Factory Wages Payable).
4. Performed 16,000 hours of direct labor on jobs when standard hours were 16,190.
5. Applied overhead to jobs at the rate of 100% of direct labor cost for standard hours allowed.
Journalize the January transactions.
Answer:
1. Dr Raw Materials Inventory $69,920
Dr Materials Price Variance $1,840
Cr Accounts Payable $71,760
2. Dr Work in Process Inventory $68,780
Dr Materials Quantity Variance $1,140
Cr Raw Materials Inventory $69,920
3. Dr Factory Labor $73,600
Cr Labor Price Variance $8,000
Cr Factory Wages Payable $65,600
4. Dr Work in Process Inventory $74,474
Cr Labor Quantity Variance $874
Cr Factory Labor $73,600
5. Dr Work in Process Inventory $143,254
Cr Manufacturing Overhead $143,254
Explanation:
Preparation of the anuary transactions
1. Dr Raw Materials Inventory $69,920
(18,400*$3.80)
Dr Materials Price Variance $1,840 [18,400 x ($3.90 - $3.80)]
Cr Accounts Payable $71,760
($69,920+$1,840)
2. Dr Work in Process Inventory $68,780
(18,100*$3.80)
Dr Materials Quantity Variance $1,140 [$3.80 x (18,400 - 18,100)]
Cr Raw Materials Inventory $69,920
(18,400*$3.80)
3. Dr Factory Labor $73,600
($16,000*$4.60)
Cr Labor Price Variance $8,000
[16,000 x ($4.10 - $4.60)]
Cr Factory Wages Payable $65,600
(16,000*$4.10)
4. Dr Work in Process Inventory $74,474
(16,190*$4.60)
Cr Labor Quantity Variance $874 [$4.60 x (16,000 - 16,190)]
Cr Factory Labor $73,600
($8,000+$65,600)
5. Dr Work in Process Inventory $143,254
($68,780+$74,474)
Cr Manufacturing Overhead $143,254
Monopoly uses two steps to make a game. Step 1 takes 20 seconds. Step 2 takes 15 seconds. Each step is staffed by one worker, for a total of two workers. Each worker is paid $15 per hour. Each game is sold for $20. Material costs are $5 per game and fixed costs are $500 per hour. Demand rate is 120 games per hour. How much profit does Monopoly make per hour
Answer:
Monopoly
The profit that Monopoly makes per hour is:
= $1,876.
Explanation:
a) Data and Calculations:
Direct labor costs:
Step 1, 20 seconds at $15 per hour = $5
Step 2, 15 seconds at $15 per hour = $3.75
Total 35 seconds at $15 per hour = $8.75
Direct materials cost $5
Variable cost per game = $13.75
Fixed cost per game = (500 * 35/60) = $292.00
Total cost of production = $305.75
Revenue (120 * $20) = $2,400
Variable cost per hour = 24 ($13.75 * 60/35)
Fixed cost per hour = 500
Total cost per hour = $524
Profit per hour = $1,876
Assume your entry price for both long and short positions is $50 and you would like to set the reward-risk ratio (RRR) at 1.2. Calculate the profit and loss exit points for both long and short positions.
Answer:
Long Position
Profit exit point: sell limit= 8.33
Loss exit point= 41.66
Short Position
Lost exit point: buy stop= 58
Profit exit point:buy limit=40
Explanation:
Calculation to determine the profit and loss exit points for both long and short positions.
LONG POSITION profit and loss exit points
First step is to calculate the Profit exit point: sell limit
Profit exit point: sell limit=( 50x10% )/1.2
Profit exit point: sell limit=$10/1.2
Profit exit point: sell limit= 8.33
Now let calculate the Loss exit point
Loss exit point=50-8.33
Loss exit point= 41.66
SHORT POSITION profit and loss exit points
Lost exit point: buy stop=20%/x=1.2
Lost exit point: buy stop=20%/2
Lost exit point: buy stop=1.6
Lost exit point: buy stop= 50+(50x1.6)
Lost exit point: buy stop= 58
Now let calculate the Profit exit point:buy limit:
Profit exit point:buy limit=50-(50*.20)
Profit exit point:buy limit=40
In a market economy, individuals' economic lives are said to be interrelated with many other individuals and firms. almost completely controlled by government regulation. illegal and in violation of government rules on prices and sales. based more on production than on consumption.
Answer:
Interrelated with many other individuals and firms
Explanation:
market economy can be regarded as an economic system whereby decisions as regards to investment, production asvwell as distribution are been guided by the price signals which is been at up by forces of supply and demand. Inthe activities are iunplanned. It should be noted that, In a market economy, individuals' economic lives are said to be interrelated with many other individuals and firms.
An investment offers $5,800 per year for 20 years, with the first payment occurring one year from now. a. If the required return is 7 percent, what is the value of the investment today
Answer:
Present value of the investment= $61,445.28
Explanation:
Giving the following information:
Annual payment= $5,800
Number of periods= 20 years
Interest rate= 7%
First, we need to calculate the future value of the investment:
FV= {A*[(1+i)^n-1]}/i
A= annual payment
FV= {5,800*[(1.07^20) - 1]} / 0.07
FV= $237,773.86
Now, the present value:
PV= FV / (1 + i)^n
PV= 237,773.86 / (1.07^20)
PV= $61,445.28
Suppose you bought a bond with a coupon rate of 5.2 percent paid annually one year ago for $920. The bond sells for $970 today. a.Assuming a $1,000 face value, what was your total dollar return on this investment over the past year
Answer:
$102
Explanation:
Calculation to determine what was your total dollar return on this investment over the past year
Using this formula
Total dollar return =Change in price + Coupon payment
Let plug in the formula
Total dollar return = $970 - $920 + (5.2÷100*$1000)
Total dollar return = $970 - $920+$52
Total dollar return=$102
Therefore what was your total dollar return on this investment over the past year is $102
Can you order with a Nike gift card online?
Answer:
ok call 911 hahaha thanks for the points
Vaughn Company has the following equivalent units for July: materials 15340 and conversion 17700. Production cost data are: Materials Conversion Work in process, July 1 $ 8700 $ 3100 Costs added in July 68000 50000 The unit production costs for July are: Materials Conversion Costs
Answer:
Vaughn Company
The unit production costs for July are:
Materials Conversion
Cost per equivalent unit $5 $3
Explanation:
a) Data and Calculations:
Materials Conversion
Beginning WIP $ 8,700 $ 3,100
Costs added in July 68,000 50,000
Total production costs $76,700 $53,100
Equivalent units for July 15,340 17,700
Cost per equivalent unit $5 $3
b) The materials and conversion costs per equivalent unit are the dividends resulting from the division of the total production costs for materials and conversion by their respective total equivalent units of production.
Help please Briefly explain how technology affects promotional strategies.
Answer: Technology has transformed marketing by making campaigns more personalized and immersive for people and creating ecosystems that are more integrated and targeted for marketers. And it's not just the interface between brands and people that have been transformed. ... 30% will prioritise technology over creativity.
Waterway Industries reported the following information for 2016: October November December Budgeted sales $490000 $370000 $470000 Budgeted purchases $340000 $186000 $218000 All sales are on credit. Customer amounts on account are collected 50% in the month of sale and 50% in the following month. Cost of goods sold is 35% of sales. Waterway purchases and pays for merchandise 60% in the month of acquisition and 40% in the following month. Accounts payable is used only for inventory acquisitions. How much cash will Waterway receive during November?
Answer:
$430,000
Explanation:
Cash Waterway will receive during November = (Budgeted Sales October*50%) + (Budgeted Sales November*50%)
Cash Waterway will receive during November = ($490,000*50%) +($370,000*50%)
Cash Waterway will receive during November = $245,000 + $185,000
Cash Waterway will receive during November = $430,000
explain the funtion of an office
Indicate for each of the following costs whether it is a product cost or a period cost.
1. Wages of aircraft mechanics employed by an airline.
2. Wages of drill-press operators in a manufacturing plant.
3. Cost of food in a microwavable dinner.
4. Cost incurred by a department store chain to transport merchandise to its stores.
5. Cost of grapes purchased by a winery.
6. Depreciation on pizza ovens in a pizza restaurant.
7. Cost of plant manager in a computer production facility.
8. Wages of security personnel in a department store.
9. Cost of utilities in a manufacturing facility.
Answer and Explanation:
The classification of the following cost i.e. either product cost or period cost is
1. Period cost as it deals with the operating expense
2 Product cost as it directly linked with the product
3 Product cost as it directly linked with the product
4 Product cost as it directly linked with the product
5 Product cost as it directly linked with the product
6 Product cost as it directly linked with the product
7 Product cost as it directly linked with the product
8 period cost as it does not directly linked with the product
9 Product cost as it directly linked with the product
To explain the analogous relationship between the trail and the hike to the plant and inventory Alex makes the following statement: On the trail I can tell everyone to hurry up, or I can tell Ron to slow down. In the plant, when departments get behind and WIP inventory starts building, people are shifted around, put on overtime, and the whip starts to crack. Product moves out the door and inventories start down again. We always hurry up or run; we never slow down or stop. Workers sitting idle are taboo. Group of answer choices True False
Answer:
True
Explanation:
In industry, inventory buildups are cancelled with increased sales and marketing activities, which attract rewards and punishments. This is why it is always a taboo to observe idle workers. Idle workers cost the entity much in expenses. Workers are employed based on productivity and profitability indexes. There is no business entity that employs workers for the fun of employment.
The following are users of external financial statements, EXCEPT: a. internal auditors. b. shareholders. c. Internal Revenue Service (IRS). d. Securities and Exchange Commission (SEC).
Answer:
a. internal auditors.
Explanation:
external financial can be regarded as statement such as income statement as well as balance sheet or statement of cash flowsStatement of Cash that gives information about the company
Users of external financial statements, are
✓shareholders.
✓Internal Revenue Service (IRS).
✓ Securities and Exchange Commission (SEC).