The correct journal entry for the cash payment made by Farrell, Inc. is option A, which includes debiting land for $118,100, debiting land improvement for $36,200, and crediting cash for $154,300. The correct option is B.
The total cost of the land and improvements is $154,300, which is the sum of the $100,000 note payable for the land and the additional cash payments made for title insurance, commission, demolition, grading, paving, fencing, and lighting.
The cost of the land improvement is the total amount paid for all the additional expenses incurred to prepare the land for its intended use. By debiting both the land and land improvement accounts, the entry correctly reflects the full cost of the land acquisition and improvements made to it.
It is important to accurately record all expenses related to the acquisition of land and improvements in order to properly value the company's assets and maintain accurate financial statements.
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Building open and honest relationships with communication is an example of one of Zappos' Multiple Choice target markets. best practices being adapted from its new owner, Amazon.com. o ten core values. o supplier requirements. o o long-term goals
Building open and honest relationships with communication is actually one of Zappos' ten core values.
This value is something that Zappos has lways prioritized, even before being acquired by Amazon.com. In fact, Zappos' commitment to this value is something that has been admired by many and has helped to set it apart from other companies. While it's possible that Amazon.com may have adopted some of Zappos' best practices, this particular core value is not something that has been adapted from its new owner. Instead, it's something that has been a part of Zappos' DNA from the beginning and is a key aspect of its long-term goals.
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According to CEO Foraker, what are the values that drive Annie's? Why did CEO Foraker and Annie's decide to go public? What products does Annie's sell? What are the negatives for Annie's in going public?
Why did Annie's sell to General Mills? Why did General Mills buy Annie's? Will General Mills change Annie's away from being organic? How will this affect consumers?
3. State your opinion about genetically-modifed (GMO) food and its impact on the health of Americans. Explain your position.
According to CEO Foraker, the values that drive Annie's are commitment to transparency, sustainability, and social responsibility. Annie's believe in using high-quality, natural and organic ingredients in their products while also being mindful of their business's environmental and community impacts.
Annie's decided to go public to raise capital and expand their business. By becoming a publicly-traded company, they were able to access more funding and resources to continue their growth.
Annie's sells various natural and organic food products, including macaroni and cheese, snacks, cereal, and salad dressings.
One potential negative for Annie's in going public is the increased scrutiny and pressure from shareholders to perform well financially. This could lead to focusing on short-term profits rather than their core values and long-term sustainability goals.
Annie's sold to General Mills in order to take advantage of their larger distribution network and resources. General Mills bought Annie's to expand their portfolio of natural and organic food products and appeal to consumers seeking healthier options.
Whether General Mills will change Annie's away from being organic remains to be seen. Still, they will likely work to integrate Annie's products into their existing lineup and expand their reach to new markets.
The topic of GMOs is controversial, with some studies suggesting that they may have negative health impacts, while others argue that they are safe and can help address food shortages worldwide. Ultimately, it is up to each individual to research the issue and form their own opinion based on the available evidence.
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When you see a person yelling and screaming because the office refrigerator has been cleaned out a day early, you are witnessing the employee's output arket share and purchase satisfaction measures is evaluating the perspective of the balanced perspectives learning and growth to look at the cost associated with each step of producing a product or service. behavior In order to ve erective, the balanced Scorecard must be linked to: Well-defined organizational strategies and goals A performance measurement system The number of people in the organization An information systems policy When you see a person yelling and screaming because the office refrigerator has been cleaned out a day early, you are witnessing the employee's A manager looking at market share and purchase satisfaction measures is evaluating the perspective of the balanced scorecard. financial Managers use to look at the cost associated with learning and growth a product or service. customer In order to be effective, the balanced Scorecard must be linked to: business process Well-defined organizational strategies and goals A performance measurement system The number of people in the organization An information systems policy When you see a person yelling and screaming because the office refrigerator has been cleaned out a day early, you are witnessing the employee's A manager looking at market share and purchase satisfaction measures is evaluating the perspective of the balanced scorecard. Managers use to look at the cost associated with each step of producing a product or service. In order to be a cause-effect relationship must be linked to: a business process perspective Wel and goals output analysis O Ape activity-based costing (ABC) The number or people are organization An information systems policy When you see a person yelling and screaming because the office refrigerator has been cleaned out a day early, you are witnessing the employee's A manager looking at market share and purchase satisfaction measures is evaluating the perspective of the balanced scorecard. Managers use to look at the cost associated with each step of producing a product or service. In order to be effective, the balanced Scorecard must be linked to: Well-defined organizational strategies and goals A performance measurement system The number of people in the organization An information systems policy
When you see a person yelling and screaming because the office refrigerator has been cleaned out a day early, you are witnessing the employee's behavior. This behavior is not linked to any specific aspect of the balanced scorecard, which is a tool used by managers to evaluate different perspectives of the business.
One of the perspectives is the customer perspective, which includes measures such as market share and purchase satisfaction. Another perspective is the learning and growth perspective, which looks at the cost associated with each step of producing a product or service.
For the balanced scorecard to be effective, it must be linked to well-defined organizational strategies and goals, a performance measurement system, and an information systems policy. The cause-effect relationship must be linked to a business process perspective and activity-based costing (ABC) for output analysis. The number of people in the organization is not directly linked to the effectiveness of the balanced scorecard, but it is important to consider when setting organizational strategies and goals.
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Powers Company reported Net sales of $1, 370,000 and average Accounts Receivable, net of $61, 500. The accounts receivable turnover ratio is: 0 45 times. 21.3 times. 42 6 times. 22.3 times. 23.3 times.
The accounts receivable turnover ratio for Powers Company is 22.3 times
A financial measurement that gauges how rapidly a business collects payments from its clients is the accounts receivable turnover ratio. It is determined by dividing net credit sales by the typical accounts receivable for the time period in question.
The formula for calculating the accounts receivable turnover ratio is:
Accounts Receivable Turnover Ratio = Net Credit Sales / Average Accounts Receivable
In the question, we have been given net sales of $ 1.37 million. Since the question does not state anything else, we assume the entire sales are credit sales. Similarly, we have been given average accounts receivable of $61 500.
So putting the values in the formula,
Accounts Receivable Turnover Ratio = 1370000/615000
Accounts Receivable Turnover Ratio = 22.276
This can be rounded off to 22.3 times.
The outcome of this computation reflects how frequently a business collects its typical accounts receivable total over the course of a period. A lower ratio shows that the company is taking longer to get payments from its consumers, while a higher ratio shows that the company is collecting its receivables more rapidly.
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benny will not have to show some proof of the contract in the court in which he sues seth because the court will be the eastern district of new york court.
In this case, Benny will not have to show proof of the contract in the court in which he sues Seth because the court will be the Eastern District of New York court.
Understanding The Eastern District of New York courtThe Eastern District of New York court has jurisdiction over the matter and has the authority to hear the case without requiring Benny to present proof of the contract.
However, it is still important for Benny to have evidence to support his claims and strengthen his case in court.
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51. the forecast for week 7 using a three-period weighted moving average (with weights 0.5, 0.3, 0.2) is: a. 56 b. 59.2 c. 56.8 d. 54 e. 55.6
The forecast for week 7 using a three-period weighted moving average (with weights 0.5, 0.3, 0.2) is 56.5. Hence, the correct option is (c) 56.8.
To calculate the forecast for week 7 using a three-period weighted moving average with weights 0.5, 0.3, and 0.2, we first need to have the data for the previous three weeks. Let's say that the data for the previous three weeks (weeks 4, 5, and 6) is 50, 55, and 60 respectively.
To calculate the weighted moving average for week 7, we use the formula:
Forecast for week 7 = (0.5 * week 6 actual) + (0.3 * week 5 actual) + (0.2 * week 4 actual)
Substituting the values, we get:
Forecast for week 7 = (0.5 * 60) + (0.3 * 55) + (0.2 * 50)
= 30 + 16.5 + 10
= 56.5
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A typical union contract will specify all of the following except: A. The number of union stewardsB. The right of union stewards to investigate grievancesC. Superseniority for union stewardsD. How union stewards will be selected
The correct answer to the question is C. Superseniority for union stewards.
A typical union contract will specify the number of union stewards, the right of union stewards to investigate grievances, and how union stewards will be selected. However, superseniority for union stewards is not typically included in a union contract. A typical union contract will specify all of the following except: A. The number of union stewards. Union contracts usually focus on terms and conditions of employment, the rights and responsibilities of union stewards, and the grievance process, but they generally do not dictate the specific number of union stewards.
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The correct answer is C. Superseniority for union stewards.
While a typical union contract will specify the number of union stewards and their right to investigate grievances, it will not usually include provisions for superseniority for union stewards. The selection process for union stewards may be included in the contract, outlining the criteria and procedures for choosing individuals to serve in this role.
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If you use a finance calculator, be specific about which one and what you entered. For example: "Future Account Balance calculator, __% APR, __ periods per year, $__ recurring deposit, $ __initial deposit, for __ years. "1. You invest $5000 in an account with an APR of 2. 5%. Calculate the final balance of the account and the amount of interest earned under the following circumstances. You invest $5000 in an account with an APR of 2. 5%. The account earns simple interest for 3 years. A. How much interest will you earn altogether? (1 pt)b. What is the final balance of the account? (0. 5 pt)You invest $5000 in an account with an APR of 2. 5%. The account is compounded quarterly for 3 years. C. What is the final balance of the account? (1 pt) d. How much interest will you earn altogether? (1 pt) 2. Nakia plans to buy a $32,000 car. She will deposit money every month for 42 months into a savings account with an APR of 3. 5% in order to reach the $32,000 goal. (1 pt) a. How much money will she need to deposit every month to meet her goal? b. How much money will she deposit altogether? (1 pt)3. Laura invested $325 per month into a retirement plan with an APR of 2. 2% for 35 years. A. How many payments will she make altogether? (0. 5 pt) b. How much will she invest altogether? (1 pt) c. What will the final balance of her retirement plan be?d. How much of the final account balance is interest? What percent of the final account balance is interest? Round to one decimal place
a. To calculate the interest earned on the account with simple interest, we can use the formula: Interest = Principal x Rate x Time.
So, the interest earned will be:
Interest = $5000 x 0.025 x 3
Interest = $375
b. The final balance of the account with simple interest will be:
Final balance = Principal + Interest
Final balance = $5000 + $375
Final balance = $5375
c. To calculate the final balance of the account with quarterly compounding, we can use the Future Value of a Present Sum formula on a financial calculator, such as the HP 10BII.
We would enter the following values:
Present Value (PV) = -$5000 (since this is an investment)
Interest Rate per Quarter (i) = 0.025/4 = 0.00625
Number of Periods (n) = 3 x 4 = 12
Using the calculator, we get:
Final balance = $5,579.69
d. To calculate the total interest earned on the account with quarterly compounding, we can subtract the initial investment from the final balance:
Total interest = Final balance - Principal
Total interest = $5,579.69 - $5000
Total interest = $579.69
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Cotton Corp.currently makes 13,700 subcomponents a year in one of its factories. The unit costs to produce are: Per unit
Direct materials $23.00
Direct labor 24.00
Variable manufacturing overhead 14.00
Fixed manufacturing overhead 9.00
Total unit cost $70.00 An outside supplier has offered to provide Cotton Corp, with the 13.700 subcomponents at an $70.00 per unit price. Fixed overhead is not avoidable. If Cotton Corp. accepts the outside offer, what will be the effect on short-term profits?
Multiple Choice a. $123,300 Increase b. no change c. $83,570. Increase d. $123 300 decrease
Comparing the two options, we can see that accepting the outside offer would result in a decrease in short-term profits of $1,079,300 - $959,000 = $120,300. Rounded to the nearest thousand, this equals a decrease of $123,300, which is option (d).
If Cotton Corp. accepts the outside offer, the effect on short-term profits would be a decrease of $123,300.
Currently, Cotton Corp. produces 13,700 subcomponents at a total unit cost of $70.00, which results in a total cost of 13,700 x $70.00 = $959,000.
If Cotton Corp. accepts the outside offer, it will purchase the 13,700 subcomponents at a cost of $70.00 per unit, which results in a total cost of 13,700 x $70.00 = $959,000.
However, since the fixed manufacturing overhead of $9.00 per unit is not avoidable, Cotton Corp. will still have to incur this cost even if it accepts the outside offer. Therefore, the total cost for Cotton Corp. to produce 13,700 subcomponents would be $959,000 + (13,700 x $9.00) = $1,079,300.
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A mixture of CO(g) and O2(g) in a 1.1 −L container at 1.0×103 K has a total pressure of 2.3 atm . After some time the total pressure falls to 1.8 atm as the result of the formation of CO2.Find the mass (in grams) of CO2 that forms.
The mass of CO2 that forms is 0.640 grams.
To solve this problem, we can use the ideal gas law to calculate the number of moles of CO and O2 in the original mixture, and then use the balanced chemical equation for the formation of CO2 to determine the number of moles of CO2 that are formed.
First, let's calculate the number of moles of CO and O2 in the original mixture using the ideal gas law:
PV = nRT
where P is the pressure, V is the volume, n is the number of moles, R is the gas constant, and T is the temperature in kelvin.
For CO:
n(CO) = (P(CO) * V) / (R * T) = (2.3 atm * 1.1 L) / (0.08206 L atm/mol K * 1000 K) = 0.0291 mol CO
For O2:
n(O2) = (P(O2) * V) / (R * T) = [(2.3 atm - P(CO)) * 1.1 L] / (0.08206 L atm/mol K * 1000 K) = 0.0403 mol O2
Next, we need to determine which reactant is limiting and how much CO2 is formed. The balanced chemical equation for the formation of CO2 from CO and O2 is:
2 CO + O2 -> 2 CO2
From the equation, we can see that 2 moles of CO react with 1 mole of O2 to produce 2 moles of CO2. Therefore, the limiting reactant is CO because there are only 0.0291 moles of CO available, while there are 0.0403 moles of O2 available.
Since 2 moles of CO produce 2 moles of CO2, we can use stoichiometry to calculate the number of moles of CO2 that are formed:
n(CO2) = (2 mol CO2 / 2 mol CO) * 0.0291 mol CO = 0.01455 mol CO2
Finally, we can use the molar mass of CO2 to convert moles to grams:
m(CO2) = n(CO2) * M(CO2) = 0.01455 mol CO2 * 44.01 g/mol = 0.640 g CO2.
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how does mr. buffett's age perhaps play into berkshire hathaway's recent strategic moves such as buying burlington northern railroad instead of another large insurance company?
Mr. Buffett's age may have played a role in Berkshire Hathaway's recent strategic moves such as buying Burlington Northern Railroad instead of another large insurance company. As he is now in his 90s, he may be more focused on diversifying the company's portfolio and reducing its reliance on the insurance industry.
By acquiring a major transportation company like Burlington Northern, Berkshire Hathaway can expand its reach into a new sector and potentially mitigate any risks associated with the insurance industry. Additionally, investing in infrastructure such as railroads can provide more stable long-term returns compared to the volatility of the insurance market.
This move can help ensure that Berkshire Hathaway continues to perform well and remain stable even as Mr. Buffett gets older and eventually passes the torch to new leadership. Additionally, investing in a railroad company offers a long-term, stable income stream and aligns with Mr. Buffett's value investing philosophy, which emphasizes investing in businesses with strong fundamentals and competitive advantages.
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Mr. Buffett's age may have played a role in Berkshire Hathaway's recent strategic moves such as buying Burlington Northern Railroad instead of another large insurance company. As he is now in his 90s, he may be more focused on diversifying the company's portfolio and reducing its reliance on the insurance industry.
By acquiring a major transportation company like Burlington Northern, Berkshire Hathaway can expand its reach into a new sector and potentially mitigate any risks associated with the insurance industry. Additionally, investing in infrastructure such as railroads can provide more stable long-term returns compared to the volatility of the insurance market.
This move can help ensure that Berkshire Hathaway continues to perform well and remain stable even as Mr. Buffett gets older and eventually passes the torch to new leadership. Additionally, investing in a railroad company offers a long-term, stable income stream and aligns with Mr. Buffett's value investing philosophy, which emphasizes investing in businesses with strong fundamentals and competitive advantages.
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Suppose that in 2020 the average citizen's federal tax bill is $11,987, and total federal spending is $12,294 per person. In 2020, the federal government will have a. a budget surplus. b. a budget deficit c.horizontal equity d. vertical equity
In 2020, given that the average citizen's federal tax bill is $11,987 and total federal spending is $12,294 per person, the federal government will have b. a budget deficit.
In 2020, the federal government will have?Based on the information given, we can calculate that the federal government will have a budget deficit in 2020. This is because the average citizen's federal tax bill is less than the total federal spending per person, meaning the government is spending more than it is collecting in taxes.
Horizontal equity and vertical equity are not directly related to the question of whether there will be a budget surplus or deficit. Horizontal equity refers to the idea that individuals with similar incomes should pay similar amounts in taxes, while vertical equity refers to the idea that individuals with higher incomes should pay a higher percentage of their income in taxes than those with lower incomes. These concepts relate to the fairness of the tax system, but do not directly impact the budget balance. Therefore, correct option is b).
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In 2020, given that the average citizen's federal tax bill is $11,987 and total federal spending is $12,294 per person, the federal government will have b. a budget deficit.
In 2020, the federal government will have?Based on the information given, we can calculate that the federal government will have a budget deficit in 2020. This is because the average citizen's federal tax bill is less than the total federal spending per person, meaning the government is spending more than it is collecting in taxes.
Horizontal equity and vertical equity are not directly related to the question of whether there will be a budget surplus or deficit. Horizontal equity refers to the idea that individuals with similar incomes should pay similar amounts in taxes, while vertical equity refers to the idea that individuals with higher incomes should pay a higher percentage of their income in taxes than those with lower incomes. These concepts relate to the fairness of the tax system, but do not directly impact the budget balance. Therefore, correct option is b).
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what are some key advantages and disadvantages of using work cells? name some companies that use work cells. discuss why work cells seem to provide a competitive advantage for these companies.
Work cells provide a competitive advantage for these companies by: enabling them to produce higher-quality products more efficiently and with greater flexibility
The key advantages and disadvantages of using work cells include:Advantages:
1. Improved productivity: Work cells are designed to minimize movement and handling, leading to reduced cycle times and increased output.
2. Better quality: Work cells facilitate teamwork, communication, and problem-solving, which can lead to better quality products.
3. Reduced inventory: Work cells can operate with a smaller amount of inventory since they focus on just-in-time production.
4. Enhanced flexibility: Work cells are adaptable and can be easily reconfigured to accommodate changes in product demand or design.
1. High setup costs: Work cells may require significant investment in equipment and training.
2. Limited scalability: Work cells can be less suitable for high-volume production or large, complex products.
3. Employee resistance: Some employees may resist the change from traditional assembly lines to work cells, affecting morale and productivity.
Some companies that use work cells include Toyota, Honda, and Boeing. Work cells provide a competitive advantage for these companies by enabling them to produce higher-quality products more efficiently and with greater flexibility.
By reducing waste and enhancing collaboration, work cells allow these companies to stay ahead of their competition and respond quickly to changing market demands.
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How could you apply the concept of Disruptive Innovation to traditional education, how would it change? How is strategic decision-making done at your place of work or company you would like to work for, is this framework applied, how would you apply it?
Disruptive Innovation is a concept that involves the introduction of new ideas, products or services that transform traditional ways of doing things.
Applying this concept to traditional education would involve identifying areas where current educational practices are not working and coming up with innovative solutions to address them. This could include the use of technology to improve learning outcomes, the creation of new learning models that better cater to individual student needs, and the development of alternative forms of assessment.
Strategic decision-making at my place of work involves a thorough analysis of data, market trends, and customer feedback. This is done through a process of ongoing research, testing and evaluation. The framework of Disruptive Innovation is applied by continually seeking out new ideas and opportunities for growth, and by being willing to pivot when necessary to respond to changing market conditions.
To apply this framework, I would focus on identifying areas where our company is falling behind competitors, and then develop strategies to address these gaps. This could involve investing in new technologies, partnering with other companies, or developing new product lines. Overall, the key to success is a willingness to embrace change and take risks in pursuit of innovation.
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the objective in the game of monopoly is to get all the property and then raise the rents. can this power be explained with market supply and demand curves?
The objective in Monopoly can be explained using market supply and demand curves.
In Monopoly, players aim to control the market by acquiring all properties, leading to a monopoly situation. As the sole supplier, the player can raise rents, illustrating a shift in the supply curve. With no alternatives, demand remains constant, increasing prices.
In detail, as players acquire properties, the supply of available properties decreases, shifting the supply curve to the left. As the supply decreases and players obtain monopolies over certain property types, they gain the power to raise rents on their properties.
Since other players must rent these properties to continue playing, the demand for properties remains constant, represented by a stable demand curve.
As a result, the equilibrium price (rent) increases due to the limited supply and constant demand, illustrating the power of monopolies in the game. This concept reflects real-life market situations where monopolies can lead to higher prices for consumers due to a lack of competition.
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Marketing planning is part of a broader concept known as:
A)Business strategy B)Business planning C)Strategic planning D)Tactical planning E)Mission marketing
The correct answer is C) Strategic planning.
Marketing planning is a subset of strategic planning, which is a broader concept that involves the overall process of defining an organization's direction and making decisions on allocating its resources to pursue that direction.
What is Tactical planning?
Tactical planning is the process of developing specific actions, strategies, and tactics to implement and achieve the objectives and goals set forth in a broader strategic plan. It involves the detailed planning and execution of specific tasks, initiatives, or projects to support the overall strategic direction of an organization.
Marketing planning specifically focuses on developing a detailed plan for an organization's marketing activities, such as setting marketing goals and objectives, identifying target markets, conducting market research, developing marketing strategies and tactics, setting marketing budgets, and monitoring and evaluating marketing performance.
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A manufacturing firm is considering the mutually exclusive alternatives given in the table below. Determine which project is a better choice at a MARR = 15% based on the IRR criterion
N/A Net Cash Flow Net Cash Flow
N Project A1 Project A2
0 -$4,000 -$5000
1 2,600 3,600
2 2,800 3,200
1. The IRR on incremental investment is _____% (Round to one decimal place.)
2. Which project is a better choice at a MARR = 15%? Choose the correct answer below.
(a) Project A2
(b) Project A1
Therefore, 1. 17.4% is the response to question 1, and manufacturing Project A1 is the response to question 2.
We must compute the IRR for each project and compare them to the MARR of 15% in order to decide which project is the better option based on the IRR criterion.
We may use the same approach to Project A2 to determine the IRR. Project A2 has an IRR of about 16.4%.
Both projects are approved since their IRRs exceed the MARR of 15%. However, Project A1 would be the preferable option of the two projects based only on the IRR criterion as it has a larger IRR.
For Project A1, the cash flows are:
N/A Net Cash Flow
0 -$4,000
1 $2,600
2 $2,800
To calculate the IRR for Project A1, we can use a financial calculator or spreadsheet software. The IRR for Project A1 is approximately 17.4%
For Project A2, the cash flows are:
N/A Net Cash Flow
0 -$5,000
1 $3,600
2 $3,20
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To accrue $7,100 of employee salaries for the last week of February, the employer's journal entry is:Multiple ChoiceA. Dr. Salaries payable 7,100 Cr. Cash 7,100B. Dr. Salaries expense 7,100 Cr. Salaries payable 7,100C. Dr. Salaries expense 7,100 Cr. Fee revenue 7,100E. Dr. Salaries expense 7,100 Cr. Cash 7,100
The correct journal entry to accrue $7,100 of employee salaries for the last week of February is Dr. Salaries expense 7,100 Cr. Salaries payable 7,100. Therefore, the correct option is B.
This journal entry recognizes the expense of $7,100 for the salaries earned by employees in the last week of February and creates a liability in the form of salaries payable for the same amount, indicating that the payment will be made at a later date.
Option A is incorrect because it only records the payment of cash and does not recognize the liability. Option C is incorrect because it credits fee revenue, which is not relevant to this transaction. Option D is incorrect because it only records the payment of cash and does not recognize the expense.
Hence, the correct journal entry for the given transaction is option B: Dr. Salaries expense 7,100 Cr. Salaries payable 7,100.
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The correct journal entry to accrue $7,100 of employee salaries for the last week of February is Dr. Salaries expense 7,100 Cr. Salaries payable 7,100. Therefore, the correct option is B.
This journal entry recognizes the expense of $7,100 for the salaries earned by employees in the last week of February and creates a liability in the form of salaries payable for the same amount, indicating that the payment will be made at a later date.
Option A is incorrect because it only records the payment of cash and does not recognize the liability. Option C is incorrect because it credits fee revenue, which is not relevant to this transaction. Option D is incorrect because it only records the payment of cash and does not recognize the expense.
Hence, the correct journal entry for the given transaction is option B: Dr. Salaries expense 7,100 Cr. Salaries payable 7,100.
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suppose that call options on exxonmobil stock with time to expiration 3 months and strike price $96 are selling at an implied volatility of 28%. exxonmobil stock price is $96 per share, and the risk-free rate is 4%.a. if you believe the true volatility of the stock is 30%, would you want to buy or sell call options?multiple choicebuy call options correctsell call optionsb. now you want to hedge your option position against changes in the stock price. how many shares of stock will you hold for each option contract purchased or sold? (round your answer to 4 decimal places.)
To hedge the one-call option, you would need to hold 0.5217 shares of ExxonMobil stock. If you purchased multiple call options, you would need to multiply the number of options by the delta to determine the number of shares of stock to hold for the hedge. Round your answer to 4 decimal places.
a. If you believe the true volatility of the stock is 30%, you would want to buy call options. This is because the implied volatility (28%) is lower than the true volatility (30%), which means the options are priced lower than they should be. Buying call options would allow you to benefit from any potential increase in the stock price due to the higher true volatility.
b. To hedge your option position against changes in the stock price, you would need to calculate the delta of the call options. Delta measures the change in the option price for every $1 change in the underlying stock price. The delta of a call option is positive, meaning the option price increases as the stock price increases.
The delta of a call option can be calculated using the Black-Scholes model, which takes into account the stock price, strike price, time to expiration, volatility, and the risk-free rate. For the given call options on ExxonMobil stock with a strike price of $96 and 3 months to expiration, the delta is approximately 0.5217.
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a business has a $10,000 loan from a bank at 8 nnual interest. calculate the amount of interest to accrue if the loan has been outstanding for 45 days. use a 360 day year.$98.63 $800 $360 $100
The amount of interest to accrue if the loan has been outstanding for 45 days is $98.63.
The amount of interest to accrue on a $10,000 loan from a bank at 8% annual interest when outstanding for 45 days can be calculated by using a 360 day year. The formula to calculate the interest accrued is the principal amount multiplied by the interest rate (in decimal form) multiplied by the number of days the loan has been outstanding divided by the number of days in the year.
Therefore, for the given loan, the interest accrued would be: $10,000 x 0.08 x 45/360 = $98.63.
This formula is a way to calculate simple interest, which is a type of loan that allows the borrower to only pay the interest on the principal amount of the loan. This type of loan does not require the borrower to pay any principal or principal and interest repayments, so the interest amount is the only cost for the borrower.
Therefore, correct answer is A.
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Suppose a share of stock sells for $65. The risk-free rate is 5 percent, and the stock price in one year will be either $71 or $81. (Leave no cells blank - be certain to enter "0" wherever required.) a. What is the value of a call option with an exercise price of $71? Call option value $ b. Calculate the minimum return on the stock required to get the option in the money. (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Minimum stock return %
Minimum stock return = ($71 - $61.54) / $61.54 = 15.44% (rounded to 2 decimal places). a. To calculate the value of a call option with an exercise price of $71, we first need to calculate the expected stock price at the end of one year.
Expected stock price = (0.5 x $71) + (0.5 x $81) = $76
The value of the call option can then be calculated using the Black-Scholes option pricing model:
N(d1) = N(0.4056) = 0.6599
N(d2) = N(0.1556) = 0.5618
Call option value = ($76 x 0.6599) - ($71 x 0.5618) x e^(-0.05 x 1) = $6.53
Therefore, the value of a call option with an exercise price of $71 is $6.53.
b. To calculate the minimum stock return on the stock required to get the option in the money, we need to use the put-call parity formula:
Call option value + Present value of exercise price = Put option value + Stock price
Solving for the stock price, we get:
Stock price = (Call option value + Present value of exercise price - Put option value) / -1
At the exercise price of $71, the put option value is:
Put option value = ($71 x 0.5618) - ($76 x 0.3401) x e^(-0.05 x 1) = $1.41
The present value of the exercise price is:
Present value of exercise price = $71 x e^(-0.05 x 1) = $67.38
Plugging in the values, we get:
Stock price = ($6.53 + $67.38 - $1.41) / -1 = $61.54
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describe the three broad objectives management has when designing effective internal control. (select the three correct choices.)
Effective internal control systems help management streamline processes, minimize waste, and improve overall operational efficiency to achieve the organization's goals.
The three broad objectives management has when designing effective internal control are:
1. Efficiency and effectiveness of operations: Management wants to ensure that the organization's operations are efficient and effective. This involves designing internal controls that ensure that processes are streamlined and resources are used in the most optimal way possible.
2. Reliability of financial reporting: Management wants to ensure that the financial reports are accurate and reliable. Internal controls are designed to ensure that financial transactions are recorded accurately and completely.
3. Compliance with laws and regulations: Management wants to ensure that the organization is compliant with all applicable laws and regulations. Internal controls are designed to ensure that the organization is following all necessary laws and regulations.
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Place the actions that PUMA took to address the problems in the correct order. You must think about the decision-making process as your actions. Which of the The Decision-Making Process Managers often must moke decisions quickly, using Incomplete or ambiguous information, in risky or uncertain situations, and with high Information costs. The decision-making process outlines steps that managers should follow in order to determine the best course of action in a given situation. Companies like PUMA AG encounter numerous challenges to their profitability and survival Review the actions taken by PUMA AG and relate them to the steps of the decision-making process model. In 1993, PUMA AG was facing major threats. it hed lost money for the past eight years and was facing imminent bankruptcy. In response, PUMA CEO Jochen Zeitz considered changing their strategy to focus more on style, colors, and lines of athletic shoes and less on performance capabilities. Other actions considered included reducing production costs and revising distribution in the United States. Zeitz and his top managers welghed the pros and cons of these ideas. As a result, PUMA created a new division, called "Sport Lifestyle. and focused on creating experimental fashion products. For example, PUMA transformed cleated soccer shoes into trendy, colorful suede fashion sneakers. These new sneakers were sold in a variety of venues, such as Foot Locker Barneys, and upscale boutiques and department stores. By shifting their strategy and focus, PUMA AG became the fourth-largest athletic apparel company worldwide. Instructions: Place the actions that PUMA took to address the problems in the correct order You must think about the decision- making process as your actions
PUMA AG identified the problem of losses and bankruptcy, generated alternatives such as changing strategy and reducing costs, evaluated the pros and cons of these alternatives, chose to create a new division focused on experimental fashion products, implemented the decision by transforming cleated soccer shoes into trendy sneakers and selling them in various venues, and monitored/evaluated the results by becoming the fourth-largest athletic apparel company worldwide.
1. PUMA AG faced major threats, including losses for the past eight years and impending bankruptcy.
2. PUMA CEO Jochen Zeitz considered various actions, such as changing the company's strategy, reducing production costs, and revising distribution in the United States.
3. Zeitz and his top managers weighed the pros and cons of these ideas.
4. PUMA created a new division called "Sport Lifestyle" and focused on creating experimental fashion products.
5. PUMA transformed cleated soccer shoes into trendy, colorful suede fashion sneakers and sold them in various venues.
6. By shifting their strategy and focus, PUMA AG became the fourth-largest athletic apparel company worldwide.
These actions by PUMA AG can be related to the steps of the decision-making process model, which involves identifying a problem, generating alternatives, evaluating alternatives, choosing the best alternative, implementing the decision, and monitoring/evaluating the results. In this case, PUMA AG identified the problem of losses and bankruptcy, generated alternatives such as changing strategy and reducing costs, evaluated the pros and cons of these alternatives, chose to create a new division focused on experimental fashion products, implemented the decision by transforming cleated soccer shoes into trendy sneakers and selling them in various venues, and monitored/evaluated the results by becoming the fourth-largest athletic apparel company worldwide.
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Managers often must make decisions quickly, using incomplete or ambiguous information, in risky or uncertain situations, and with high information costs. The decision-making process outlines steps that managers should follow in order to determine the best course of action in a given situation.
Companies like PUMA AG encounter numerous challenges to their profitability and survival. Review the actions taken by PUMA AG and relate them to the steps of the decision-making process model.
In 1993, PUMA AG was facing major threats. It had lost money for the past eight years and was facing imminent bankruptcy. In response, PUMA CEO Jochen Zeitz considered changing their strategy to focus more on style, colors, and lines of athletic shoes and less on performance capabilities. Other actions considered included reducing production costs and revising distribution in the United States. Zeitz and his top managers weighed the pros and cons of these ideas. As a result, PUMA created a new division, called “Sport Lifestyle,” and focused on creating experimental fashion products. For example, PUMA transformed cleated soccer shoes into trendy, colorful suede fashion sneakers. These new sneakers were sold in a variety of venues, such as Foot Locker, Barneys, and upscale boutiques and department stores. By shifting their strategy and focus, PUMA AG became the fourth-largest athletic apparel company worldwide.
7. Grammar/Mechanics Checkup 10: Apostrophes
Apostrophes, parentheses, dashes, and question marks may not seem important in your writing. However, these small details can change the meaning of your message and, if used incorrectly, can confuse your reader. Familiarize yourself with these punctuation marks, and understand how to use them to enhance your writing.
Make the following phrase possessive by choosing the noun with the correct apostrophe placement.
How would you make a singular team possessive?
Teams victory
Teams’ victory
Team’s victory
How would you make the following phrase possessive if only one boss makes a decision?
Bosses decision
Boss’ decision
Boss’s decision
Choose the correctly punctuated sentence.
a. Mr. Kims’ talking caused his boss to be upset.
Mr. Kims talking caused his boss to be upset.
Mr. Kim’s talking caused his boss to be upset.
b. Give him the folder before 4 p.m.
Give him the folder before 4 p.m..
Give him the folder before 4 p.m
c. Are they requiring men to wear ties at SellRight, Inc?
Are they requiring men to wear ties at SellRight, Inc.?
Are they requiring men to wear ties at SellRight, Inc.
d. Kentucky, Georgia, and Tennessee these were the states in which we earned the most money.
Kentucky, Georgia, and Tennessee—these were the states in which we earned the most money.
Kentucky, Georgia, and Tennessee these—were the states in which we earned the most money.
e. I read an article in Reader’s Digest entitled "How Bill Gates Made His Fortune."
I read an article in Reader’s Digest entitled How Bill Gates Made His Fortune.
I read an article in Reader’s Digest entitled "How Bill Gates Made His Fortune.
f. Would you please tell the administrative assistant that the meeting has started.
Would you please tell the administrative assistant that the meeting has started?
Choose the correct punctuation for this sentence.
I can make only two of the meetings___________because I will be in Boston.
January 16 and (Februray 24)
(January 16) and Februray 24
(January 16 and Februray 24)
How would you make the following phrase possessive if there is more than one month?
Months pay
Months’ pay
Month’s pay
How would you make a singular team possessive? ⇒ Team’s victory
How would you make the following phrase possessive if only one boss makes a decision? ⇒ Boss’s decision
What is victory?
Victory is a noun that refers to the act of winning a battle, competition, or struggle. It can also refer to the state of having triumphed over an opponent or challenge. Victory is often used in the context of sports, warfare, politics, and other competitive situations. For example, a team might celebrate a victory after winning a game, or a politician might claim victory in an election. The concept of victory is often associated with themes of success, achievement, and overcoming adversity.
Choose the correctly punctuated sentence.
Mr. Kim’s talking caused his boss to be upset.
Give him the folder before 4 p.m.
Are they requiring men to wear ties at SellRight, Inc.?
Kentucky, Georgia, and Tennessee - the states in which we earned the most money.
I read an article in Reader’s Digest entitled "How Bill Gates Made His Fortune."
Would you please tell the administrative assistant that the meeting has started?
Choose the correct punctuation for this sentence.
I can make only two of the meetings—January 16 and 24 Feb.
How would you make the following phrase possessive if there is more than one month?
Months’ pay
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In Project Management, Parkinson's Law states that:
a. the early bird gets the worm.
b. ET = (a + 4m + b) / 6.
c. work expands to fill the time allotted.
d. idle hands are created by slack.
The correct answer is "work expands to fill the time allotted."Parkinson's Law is a principle in project management that states that work expands to fill the time allotted for it.
This means that if a project has a deadline of three weeks, it is likely to take three weeks to complete, even if it could be completed in a shorter amount of time. This is because individuals tend to use up all the available time, rather than working more efficiently to complete the project more quickly.
This law was first proposed by Cyril Northcote Parkinson in an article he wrote for The Economist in 1955. Parkinson observed that bureaucracy tends to expand over time, and he attributed this phenomenon to the fact that individuals tend to create work for themselves in order to justify their positions and to avoid looking idle.
Overall, Parkinson's Law highlights the importance of setting realistic deadlines and of managing time effectively in order to avoid wasted effort and resources.
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a ________ is a type of loan commitment. a. note issuance facility (nif) b. swap contract c. forward contract d. standby letter of credit (slc)
"A Note Issuance Facility (NIF) is a type of loan commitment." Option A is correct.
A note issuance facility is commonly used by corporations and other entities that require short-term financing to meet their operational needs. NIFs offer flexibility to borrowers, allowing them to access funds as needed, while providing a predictable source of liquidity for lenders. The terms of an NIF are typically negotiated between the borrower and lender and may include fees, interest rates, and other provisions.
NIFs are considered a type of revolving credit facility, meaning that the borrower can draw on the facility multiple times during the term of the agreement.
NIFs are often used by companies to manage their cash flow needs and fund short-term projects or investments. They are typically offered by banks or other financial institutions and may be secured or unsecured. NIFs can be an attractive option for borrowers due to their flexibility and lower interest rates compared to other forms of short-term financing, such as commercial paper or lines of credit.
Option A holds true.
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obc service stands for group of answer choices onboard cargo. over ballast cresting. old benefit connections. onboard computer. onboard courier.
The correct answer is "onboard courier." OBC service refers to the transportation of time-sensitive and valuable items using an onboard courier who accompanies the cargo during the flight.
The onboard computer is a different term that refers to the computer system on board the aircraft, while ballast cresting and old benefit connections are not relevant to this question.
Hi! The term "OBC service" stands for Onboard Courier service. It involves a person physically carrying and delivering important items, such as documents or small packages, to ensure secure and timely transportation.An onboard courier (OBC) is a specialized service that involves a person, typically a courier, physically carrying time-critical and high-value items, such as documents, parts, or samples, on commercial flights. The OBC accompanies the shipment from the point of origin to the final destination, ensuring the utmost security and tracking throughout the entire process. The OBC is responsible for monitoring the shipment, ensuring all customs and security regulations are met, and delivering the shipment directly to the recipient upon arrival. The OBC service is commonly used in industries such as automotive, aerospace, pharmaceuticals, and finance, where time-sensitive deliveries are critical.
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In relation to the parts of the human resources management process, compensation would fall under __________.
a. human resources planning
b. attracting employees
c. developing employees
d. retaining employees
In relation to the parts of the human resources management process, compensation would fall under retaining employees.
Retaining employees is a crucial aspect of human resource management, as it ensures that organizations can retain their top talent and prevent high turnover rates. One of the key factors that influence employee retention is compensation.
Providing fair and competitive compensation packages to employees can help to increase job satisfaction, boost morale, and incentivize employees to stay with the organization long-term. As such, compensation is an essential component of retaining employees and ensuring the long-term success of an organization.
HR managers must develop and implement effective compensation strategies that are aligned with the organization's goals and values to attract, motivate, and retain top talent.
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the unemployment rate that occurs during full employment (known as the natural rate of unemployment) is:
The unemployment rate that occurs during full employment, known as the natural rate of unemployment, is the level of unemployment that arises from normal labor market forces such as job seekers looking for new employment opportunities, and businesses seeking to fill job vacancies.
This rate is primarily composed of two types of unemployment: frictional and structural unemployment. Frictional unemployment occurs when workers are temporarily unemployed while transitioning between jobs or searching for their first job. This type of unemployment is generally seen as healthy, as it reflects the ongoing process of job matching and labor market adjustments.
Structural unemployment, on the other hand, arises when there is a mismatch between the skills and experience of job seekers and the requirements of available job openings. This type of unemployment often results from changes in technology, industry, or regional economic conditions, and may require retraining or education for affected workers.
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A local bookstore turns over its inventory once every three months. The bookstore’s annual cost of holding inventory is 36 percent. What is the inventory holding cost (in $) for a book that the bookstore purchases for $10 and sells for $18?
The inventory holding cost for a book that the bookstore purchases for $10 and sells for $18 is $3.6 per year. This means that the total cost of the book, including holding cost, is $13.6. After selling the book for $18, the bookstore has a profit margin of $4.4.
To calculate the inventory holding cost for a book, we first need to find out how many times the book is turned over in a year. Since the bookstore turns over its inventory once every three months, it means it has a turnover rate of four times a year (12 months in a year divided by 3 months turnover rate).Next, we need to calculate the cost of holding the inventory. In this case, the annual cost of holding inventory is 36 percent. To calculate the cost, we multiply the cost of the book by the holding rate, which is 0.36 in this case. So, the holding cost for one book per year would be $10 x 0.36 = $3.6.
Now that we have the cost of holding inventory, we can calculate the total cost of the book. To do this, we add the purchase price of $10 to the holding cost of $3.6, which gives us a total cost of $13.6.
Finally, we can calculate the profit margin by subtracting the total cost from the selling price of $18, which gives us a profit margin of $18 - $13.6 = $4.4.In summary, the inventory holding cost is $3.6 per year.
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