Answer:
task versus relationship priority.
Explanation:
A team can be defined as a group of people or set of individuals with various skill set, knowledge and experience coming together to work on a project or task in order to successfully achieve a set goal and objective.
This ultimately implies that, a team comprises of individuals, workers or employees having complementary skills, knowledge and experience needed to execute a project or task successfully. Therefore, workers working as a team usually interact with the other team members and as a result, this enhances performance and strengthen the level of relationship they share.
In this scenario, Lewis spends a lot of time socializing while at work and he constantly asks Walid personal questions and shares information about his family and hobbies. This actions frustrates Walid who is only interested in getting his work done. This illustrates task versus relationship priority, one of the intercultural communication challenges in business contexts.
The Bay Street Bakery (BSB) has a respected following. When it moved the business to a famous resort area, it took a big risk; however, the owners were confident that its unique European style cookies and pastries would win customer raves. And they were right! Fortunately, one of the members of the family business was convinced that BSB needed to stay in touch with its loyal customers. When customers visited the bakery, the business collected names and addresses in order to send messages about promotions and coupons to valued customers. Marketing professionals refer to this strategy as:
Answer: c. customer relationship management.
Explanation:
Customers are the most important part of the business because they are the ones that patronize it. This is why some businesses try their best to establish a relationship with customers such that the customers keep coming back as well as recommending their business to potential customers as well.
Strategies that are related to ensuring the above fall under Customer Relationship Management. One such strategy is described in the scenario above and that is the maintenance of customer contact details in order to send them messages related to promotions and coupons so that they may keep patronizing the company.
On June 3, 2020, Pearl Company sold to Ann Mount merchandise having a sales price of $7,400 (cost $6,660) with terms of n/60, f.o.b. shipping point. Pearl estimates that merchandise with a sales value of $740 will be returned. An invoice totaling $100 was received by Mount on June 8 from Olympic Transport Service for the freight cost. Upon receipt of the goods, on June 8, Mount returned to Pearl $300 of merchandise containing flaws. Pearl estimates the returned items are expected to be resold at a profit. The freight on the returned merchandise was $24, paid by Pearl on June 8. On July 16, the company received a check for the balance due from Mount.
Prepare journal entries for Coronado Company to record all the events in June and July. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)
Answer and Explanation:
The journal entries are shown below;
On June 3, 2020
Accounts receivable $7,400
To Sales revenue $7,400
(being sales is recorded)
Cost of goods sold $6,660
To Inventory $6,660
(Being cost of goods sold is recorded)
On June 8, 2020
Sales returns and Allowance $300
To Inventory $300
(Being sales returns is recorded)
Inventory ($300 × ($6,660 ÷ $7,400)] $270
To Cost of goods sold $270
[Being cost of goods returned is recorded)
Delivery expense $24
To Cash $24
(Being the freight cost is recorded)
On July 16, 2020
Cash ($7,400 - $300) $7,100
To Accounts receivable $7,100
(Being collections from customers is recorded)
Marcia, age 28, charges all her groceries on her credit card. Yes,no,Depends and why?
Answer:
The answer is 'depends'.
Explanation:
We don't know her exact reasoning for wanting to use a credit card each time but we don't have enough information to 100% say that she does or she doesn't. It depends on what she's buying, when, and why.
On December 1, a six-month liability insurance policy was purchased for $1,134. Analyze the required adjustment as of December 31 using T accounts, and then formally enter this adjustment in the general journal. (Trial balance is abbreviated as TB.)
Answer and Explanation:
As the insurance policy would be for 6 months
So per month it is
= $1,134 ÷ 6 months
= $189
Now the T account is
Prepaid insurance
Opening balance $1,134 Insurance expense $189
balance $945
Income statement
Adjustment $189
Journal entry
Insurance expense $189
To Prepaid insurance $189
(Being insurance expense is recorded)
Asian Lamp Company manufactures lamps. The estimated number of lamp sales for the last three months for the current year are as follows: Month Sales October 10,000 November 14,000 December 13,000 Finished goods inventory at the end of September was 3,000 units. Ending finished goods inventory is budgeted to equal 25 percent of the next month's sales. Asian Lamp expects to sell the lamps for $25 each. January sales is projected at 16,000 lamps. How many lamps should be produced in October
Answer:
13,750 lamps
Explanation:
Calculation to determine How many lamps should be produced in October
Numbers of lamps=(13,000 × 0.25) + 14,000 − (14,000 × 0.25)
Numbers of lamps=3,250+14,000-3,500
Numbers of lamps= 13,750 lamps
Therefore The numbers of lamps that lamps should be produced in October is 13,750 lamps
Matrix Inc. calculates cost for an equivalent unit of production using weighted average method . Data for July: Work in process inventory, July 1 (36,000 units) Direct materials (100 % completed)$122,400 Conversion (50 % completed) 76,800 Balance in work in process inventory, July 1$199,200 Units started during July 90,000 Units completed and transferred 102,000 Work in process inventory, July 31 24,000 Direct materials (100% completed) Conversion (50% completed) Cost incurred during July: Direct materials$180,000 Conversion costs 288,000 The cost of goods completed and transferred out under the weighted-average method is calculated to be: A. $96,000 B. $476,400 C. $571,200 D. $484,000
Answer:
Matrix Inc.
The cost of goods completed and transferred out under the weighted-average method is calculated to be:
C. $571,200
Explanation:
a) Data and Calculations:
Data for July:
Work in process inventory, July 1 (36,000 units)
Direct materials (100 % completed) $122,400
Conversion (50 % completed) 76,800
Balance in work in process inventory, July 1 $199,200
Units started during July 90,000
Units completed and transferred 102,000
Work in process inventory, July 31 24,000
Direct materials (100% completed)
Conversion (50% completed)
Cost incurred during July:
Direct materials$180,000
Conversion costs 288,000
Physical flow:
Work in process inventory, July 1 (36,000 units)
Units started during July 90,000
Units completed and transferred 102,000
Work in process inventory, July 31 24,000
Units Direct materials Conversion
Equivalent units of production:
Units completed and transferred 102,000 102,000 102,000
Ending work in process 24,000 24,000 (100%) 12,000 (50%)
Total equivalent units 126,000 114,000
Cost of production:
Direct materials Conversion Total
Beginning work in process $122,400 $76,800 $199,200
Costs incurred during July 180,000 288,000 468,000
Total production costs $302,400 $364,800 $667,200
Cost per equivalent unit:
Direct materials Conversion
Total production costs $302,400 $364,800
Total equivalent units 126,000 114,000
Cost per equivalent unit $2.40 $3.20
Cost assigned to: Direct materials Conversion Total
Completed and transferred out $244,800 $326,400 $571,200
Ending work in process 57,600 38,400 96,000
Total costs assigned $302,400 $364,800 $667,200
Assume that the market is originally in equilibrium. Now suppose that this product gains a sudden popularity among consumers. How will this sudden popularity affect the profit of an individual firm in this market in the short run? Choose one: A. The profit of an individual firm decreases from zero, and the firm will incur a loss. B. The profit of an individual firm decreases from a positive value to zero. C. The profit of an individual firm increases from zero to a positive value. D. The profit of an individual firm increases from a smaller positive value to a larger positive value.
Answer:b
Explanation knflnfgln
Portions of the financial statements for Clear Transmissions Company are provided below.
CLEAR TRANSMISSIONS COMPANY
Income Statement
For the Year Ended December 31, 2021 ($ in thousands)
Sales $ 2,160
Cost of goods sold 864
Gross margin 1,296
Salaries expense $ 388
Depreciation expense 250
Amortization expense 38
Interest expense 96
Loss on sale of cash equivalents 20 792
Income before taxes 504
Income tax expense 252
Net Income 252
CLEAR TRANSMISSIONS COMPANY
Selected Accounts from Comparative Balance Sheets
December 31, 2021 and 2020 ($ in 000s)
Year
2021 2020 Change
Cash 135 128 7
Accounts receivable 259 274 (15 )
Inventory 464 478 (14 )
Accounts payable 198 190 8
Salaries payable 106 114 (8)
Interest payable 54 48 6
Income tax payable 45 38 7
Required:
Prepare the cash flows from operating activities section of the statement of cash flows for Clear Transmissions Company using the indirect method. (Enter your answers in thousands (i.e., 5,000 should be entered as 5). Amounts to be deducted should be indicated with a minus sign.)
Answer:
Clear Transmissions Company
Clear Transmissions Company
Statement of Cash Flows for the year ended December 31, 2021
Operating activities: ($ in 000s)
Net Income $252
Depreciation expense 250
Amortization expense 38
Loss on sale of cash equivalents 20
Changes in working capital:
Accounts receivable 15
Inventory 14
Accounts payable 8
Salaries payable (8)
Interest payable 6
Income tax payable 7
Cash flow operations $602
Explanation:
a) Data and Calculations:
CLEAR TRANSMISSIONS COMPANY
Income Statement
For the Year Ended December 31, 2021 ($ in thousands)
Sales $ 2,160
Cost of goods sold 864
Gross margin 1,296
Salaries expense $ 388
Depreciation expense 250
Amortization expense 38
Interest expense 96
Loss on sale of cash equivalents 20 792
Income before taxes 504
Income tax expense 252
Net Income 252
CLEAR TRANSMISSIONS COMPANY
Selected Accounts from Comparative Balance Sheets
December 31, 2021 and 2020 ($ in 000s)
Year 2021 2020 Change
Cash 135 128 7
Accounts receivable 259 274 (15 )
Inventory 464 478 (14 )
Accounts payable 198 190 8
Salaries payable 106 114 (8)
Interest payable 54 48 6
Income tax payable 45 38 7
꒻ꁲꌅ?????????????????????????????????????????????????????????????????????????
' ' .
Answer:
what this?
Explanation:
thanks for the points have great day im so sorry if this was suppose to be an educational question
A buyer's closing statement shows different items, including a purchase price of $58,325, an assumable mortgage of $55,000, a survey fee of $250, total debits of $59,925.25, title insurance of $395, 1% loan origination fee, total credits of $58,295, 2% for discount points, contract deposit of $3,000, and rent prorations of $495. Based on this information, how much money does the buyer need to bring to the closing
Answer:
$1,630.25
Explanation:
The computation of the money does the buyer required to bring the closing is given below;
= Total debits - total credits
= $59,925.25 - $58,295
= $1,630.25
The difference of total debits and total credits deemed to be the amount required to bring to the closing
Hence, the answer is $1,630.25
In the Month of March, Chester received orders of 195 units at a price of $15.00 for their product Creak, and in April receives an order for 49 units of their product Creak at $15.00. Chester uses the accrual method of accounting and offers 30 day credit terms. Chester delivers 0 units in March, 195 units in April and 49 units in May. They received payment for 195 units in April, and payment for 49 units in May. How much revenue is recognized on the March income statement from this order
Answer:
Chester
The revenue that is recognized on the March income statement from this order is:
= $0.
Explanation:
a) Data and Calculations:
Selling price of Creak = $15 per unit
March April May Total
Orders received 195 49 244
Orders delivered 0 195 49 244
Sales revenue $0 $2,925 $735 $3,660
Cash receipt $2,925 $735 $3,660
Revenue recognized $0 $2,925 $735 $3,660
b) Revenue is to be recognized when performance obligations have been fulfilled according to the new Revenue standard IFRS 15 or GAAP ASC 606, as may be applicable.
NuPress Valet has a proposed investment with an initial cost of $62 million and cash flows of $12.5 million for 5 years. Debt represents 44 percent of the capital structure. The cost of equity is 13.7 percent, the pretax cost of debt is 8.5 percent, and the tax rate is 34 percent. What is the company’s WACC?
Answer:
WACC= 10.14%
Explanation:
Weighted average cost of capital is the average cost of all of the long-term types of finance used by a company weighted according to the that amount of finance used in relation to the total pool of fund.
WACC = (Wd×Kd) + (We×Ke)
After-tax cost of debt = Before tax cost of debt× (1-tax rate)
Kd-After-tax cost of debt
Ke-Cost of equity
Wd-Weight f debt
We-Weight of equity
After tax cost of debt = (1-T)× Before-tax yield on debt
= (1-0.34)× 8.5%
=5.61%
Cost of equity = 13.7%
WACC = (Wd×Kd) + (We×Ke)
We= 100-44=56%, Wd= 44%
WACC= (5.61%× 44%) + (13.7%× 56%)
= 10.14%
WACC= 10.14%
A company acquires a natural resource for and spends another on development of the site and for a nonmovable tangible asset installed at the site and for tangible movable equipment. Both assets have an expected useful life of 10 years. The natural resource is expected to yield units over its expected life. In year 1, units are extracted from the resource. What is the depletion expense for year 1? (Round any intermediary calculations to the nearest cent, and round your final answer to the nearest dollar.) A. B. C. D.
Question Completion:
A company acquires a natural resource for $1,400,000 and spends another $530,000 on development of the site and $320,000 for a non-movable tangible asset installed at the site and $150,000 for tangible movable equipment. Both assets have an expected useful life of 10 years. The natural resource is expected to yield 140,000 units over its expected life. In year 1, 45,000 units are extracted from the resource. What is the depletion expense for year 1?
Answer:
The depletion expense for Year 1 is:
= $77,143.50.
Explanation:
a) Data and Calculations:
Acquisition cost of the natural resource = $1,400,000
Site development cost = 530,000
Cost of non-movable equipment = 320,000
Cost of movable equipment = 150,000
Total cost of natural resource = $2,400,000
Expected useful life of assets = 10 years
Expected units yield from the natural resource = 140,000
Resource extracted in Year 1 = 45,000
Depletion rate = $2,400,000/140,000 = $1.7143
Depletion expense for Year 1 = $1.7143 * 45,000 = $77,143.50
g If the Fed were to set policy according to the Taylor rule, then if real GDP falls by 2 percent below potential GDP, the Fed should Multiple Choice raise the real federal funds rate by 1 percentage point. reduce the real federal funds rate by 1 percentage point. raise the inflation rate by 1 percentage point. change the real federal funds rate until inflation hits the target rate of 4 percent.
Answer: reduce the real federal funds rate by 1 percentage point
Explanation:
According to the Taylor Rule, the Fed should use monetary policy to stimulate the economy when it dips below the potential GDP.
One way it can do this is to reduce interest rates. This will make the cost of borrowing less and convince both people and businesses to borrow money. They can then spend and invest this money which would contribute to both consumption and investment spending thereby ultimately increasing GDP.
They can reduce interest rates by reducing the federal funds rate.
ABC Motors ordinarily deals in used cars and does some amount of repair work. Robby entrusted his automobile to ABC Motors to have the oil changed and get new brakes. The car was parked in the lot along with other cars, some of which were for sale. The manager of ABC Motors accidentally sold the car to Connie because she saw it and took it upon herself to offer a good price. The manager was attempting to increase the shop's profit margin. Connie had no idea that the car did not belong to ABC Motors. When Robby went to pick up the car, he was very upset that it was gone. The manager told Robby that he was very sorry, but that he was not negligent and only made an honest mistake. According to the manager, Robby accepted the risk of this type of loss, and his only recourse was against Connie. Which of the following is true regarding the manager's statement that Robby's only recourse is against Connie?
a. The manager is correct.
b. The manager is correct only if Connie's deal was for less than 10% of the fair market value of the car.
c. The manager is incorrect only if Robby has a writing signed by a representative of the repair shop guaranteeing the safety of the car.
d. Because the sale to Connie was an accident, the manager is correct only if Connie can be found and served with process.
e. The manager is incorrect.
Answer: e. The manager is incorrect.
Explanation:
Based on the information given in the question, the statement that's true regarding the manager's statement that Robby's only recourse is against Connie is that the manager is incorrect.
It should be noted that Connie wasn't aware that the car didn't belong to ABC motors thereby Robby's only recourse is not against Connie. The manager should be able to protect the vehicles brought to the company. In this case, the company is liable and Robby can take up a case against them.
Therefore, the correct option is E
Jack and Jill are the only two residents in a neighborhood, and they would like to hire a security guard. The value of a security guard is $50 per month to Jack and $150 per month to Jill. The competitive wage for a security guard is $120 per month, and irrespective of who pays the guard, the guard will protect the entire neighborhood. Furthermore, suppose Jack earns $1,000 per month and Jill earns $11,000 per month.
Required:
a. What is the most a guard can charge per month and still be assured of being hired by at least one of them?
b. Suppose the competitive wage for a security guard is $120 per month. The local government proposes a plan whereby Jack and Jill each pays 50 percent of this monthly fee, and asks them to vote on this plan. Will the plan be voted in? Would economic surplus be higher if the neighborhood had a guard?
Answer:
Jack and Jill
a. The most a guard can charge per month and still be assured of being hired by at least one of them = $120
b. The vote will be 50 - 50. The local authority will decide since there is a 50 - 50 chance.
The economic surplus would be higher if the neighborhood had a guard by $80 ($200 - $120).
Explanation:
a) Data and Calculations:
Value of a security guard to Jack = $50 per month
Value of a security guard to Jill = $150 per month
Total value = $200 per month
Competitive wage for a security guard = $120 per month
Question 13 Pina Colada Corp. has the following inventory data: July 1 Beginning inventory 108 units at $19 $2052 7 Purchases 378 units at $20 7560 22 Purchases 54 units at $22 1188 $10800 A physical count of merchandise inventory on July 30 reveals that there are 180 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for July is $3960. $3492. $3600. $3708.
Answer:
Endign inventory cost= $3,708
Explanation:
Giving the following information:
Purchases 378 units at $20
Purchases 54 units at $22
Under the FIFO (first-in, first-out) method, the ending inventory is calculated using the cost of the lasts units incorporated into inventory:
Ending inventory in units= 180
Endign inventory cost= 54*22 + 126*20
Endign inventory cost= $3,708
if the company chooses the lease option, it will have to pay an immediate deposit of 25000 to cover any future damages to the equipment. deposit is refundable at the end of the lease term. the annual lease payments are made at the end of each year. based on a net present value analysis with a discount rate of 20% what is the financial advantage (disadvantage) of buying the equipment rather than leasing it
Answer:
The answer is "68,788".
Explanation:
Net cash flow present value = immediate deposit + Annual lease payment present value
[tex]= 25000+(18000\times 2.991)-25000\times 0.402[/tex]
Net cash flow present value [tex]= 78838-10050 = 68788[/tex]
Harvey Hotels has provided a defined benefit pension plan for its employees for several years. At the end of the most recent year, the following information was available with regard to the plan: service cost: $6.2 million, expected return on plan assets: $1.2 million, actual return on plan assets: $1 million, interest cost: $1.4 million, payments to retired employees: $2 million, and amortization of prior service cost (created when the pension plan was amended causing a drop in the projected benefit obligation): $1.1 million. What amount should Harvey Hotels report as pension expense in its income statement for the year? Group of answer choices $7.5 million $8.7 million $7.7 million $1.4 million
Answer:
$7.5 million
Explanation:
Calculation to determine What amount should Harvey Hotels report as pension expense in its income statement for the year
Service cost $6.2 million
Add Interest cost $1.4 million
Less Expected return on plan assets($1.2 million)
Add Amortization of prior service cost $1.1 million
Pension expense $7.5 million
Therefore the amount that Harvey Hotels should report as pension expense in its income statement for the year is $7.5 million
A firm with unlimited funds must evaluate five projects. Projects 1 and 2 are independent and Projects 3, 4, and 5 are mutually exclusive. The projects are listed with their returns. A ranking of the projects on the basis of their returns from the best to the worst according to their acceptability to the firm would be ________.
Answer:
4, 1, 2,
Explanation:
Here are the projects and their returns
Project Return (%)
1 14
2 12
3 10
4 15
5 12
the firm should choose the project with the highest returns
Projects are mutually exclusive if the projects cannot occur at the same time. If one project is chosen, the others cannot be chosen.
Project 3,4,5 are mutually exclusive. If one of the projects are chosen, other projects cannot be chosen.
Project 4 has the highest return, so it would be chosen first.
the next project with the next highest return is project 1 and then project 2
The ABCD Partnership has the following balance sheet at January 1, 2017, prior to the admission of new partner, Eden. Cash and current assets $ 39,000 Liabilities $ 52,000 Land 234,000 Adams, capital 26,000 Building and equipment 130,000 Barnes, capital 52,000 Cordas, capital 117,000 Davis, capital 156,000 Total $ 403,000 Total $ 403,000 Eden acquired a 20% interest in the partnership by contributing a total of $71,500 directly to the other four partners. Goodwill is to be recorded. Profits and losses have previously been split according to the following percentages: Adams, 15%; Barnes, 35%; Cordas, 30%; and Davis, 20%. After Eden made his investment, what were the individual capital balances
Answer:
Adam = $26,000, Barnes = $52,000, Cordas = $117,000, Davis = $156,000 & Eden = $87,750
Explanation:
Net Assets before admission of Eden= $403,000-$52,000 (liabilities) = $351,000. So, this will be 80% i.e (100-20%) after admission of Eden. So, proportionate value = $351,000/80*100 = $438,750
Net assets after admission of Eden = $351,000 + $71,500 = $422,500. So, the difference = $438,750 - $422,500 = $16,250
Goodwill = Eden's proportionate share - Invested Money
Goodwill = [$438,750*20%] - $71,500
Goodwill = $87,750 - $71,500
Goodwill = $16,250
Journal Entry will be:
Cash a/c Dr $71,500
Goodwill a/c Dr $16250
To Eden's capital a/c $87,750
Individual capital account balances:
Adam = $26,000
Barnes = $52,000
Cordas = $117,000
Davis = $156,000
Eden = $87,750
1. The petty cash fund of the Brooks Agency is established at $280. At the end of the current period, the fund contained $198 and had the following receipts: entertainment, $50; postage, $24; and printing, $8. Prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund at the end of the current period.
Answer:
1a
Dr Petty cash $ 280
Cr Cash $ 280
1b
Dr Entertainment $ 50
Dr Postage $ 24
Dr Printing $ 8
Cr Cash $ 82
Explanation:
A. Preparation of the journal entries to record establishment of the fund
Dr Petty cash $ 280
Cr Cash $ 280
( To record petty cash fund created)
1b. Preparation of the journal entries to record
reimbursement of the fund at the end of the current period.
Dr Entertainment $ 50
Dr Postage $ 24
Dr Printing $ 8
Cr Cash $ 82
(50+24+8)
(To Record reimbursement of the fund)
According to Value Line, Bestway has a beta of 1.15. If 3-month Treasury bills currently yield 7.9% and the market risk premium is estimated to be 8.3%, what is Bestway's cost of equity capital?
a. 16.2%
b. 9.55%
c. 8.36%
d. 17.45%
Answer:i think its b
Explanation:
Many college students are more focused on getting a job after graduation than on planning for their careers. Even if you are not currently pursuing your dream job, successfully managing your career requires many career readiness competencies that employers are already looking for, including self-awareness, self-motivation, ownership/accepting responsibility, and openness to change. This activity is important because enhancing these skills will make you a more attractive job candidate in addition to increasing your ability to manage your career.
The goal of this exercise is to challenge your knowledge of tips for managing your career.
1. Angèle breaks her workday into two main chunks. She reserves the first half of the day—the morning, when she is most productive—for activities that are time-consuming, complex, and don't produce any immediate gratification. She then spends the afternoons catching up on emails and other personally satisfying, albeit mindless, work tasks.
(Click to select) Make every day count Stay informed and network Promote yourself Roll with change and disruption Small things matter during interviews
2. Darnell runs into the CEO of his company while attending a conference in another state. Darnell takes the rare one-on-one opportunity to tell the her about the success he and his team have had on a recent company project.
(Click to select) Make every day count Stay informed and network Promote yourself Roll with change and disruption Small things matter during interviews
3. Wesley loves his current job. However, he still views every new project as an opportunity to gain valuable skills that will make him more marketable to other companies.
(Click to select) Make every day count Stay informed and network Promote yourself Roll with change and disruption Small things matter during interviews
4. Esteban treats every interaction at work as a job interview. He wants his coworkers, subordinates, and supervisors to know that he is a dedicated, conscientious, and hard-working person.
(Click to select) Make every day count Stay informed and network Promote yourself Roll with change and disruption Small things matter during interviews
5. Teresa is the VP of Human Resources at her company. Next week she is attending a training to bring her up to speed on the latest in medical marijuana legislation and how it will impact organizational policies in her state.
(Click to select) Make every day count Stay informed and network Promote yourself Roll with change and disruption Small things matter during interviews
6. Luke thinks he is losing ground on the younger workers in his company because he continuously has to ask them for help with technology-related matters. Luke decides to enroll in some seminars on social media management so that he can update his skill set.
(Click to select) Make every day count Stay informed and network Promote yourself Roll with change and disruption Small things matter during interviews
7. In her LinkedIn profile, Reena lists the major projects she has led successfully with her current employer. For each project, she notes the impact that the project had on the organization's financial performance.
(Click to select) Make every day count Stay informed and network Promote yourself Roll with change and disruption Small things matter during interviews
8. Brandy is offered an interview for her dream job. She spends several days emailing back and forth with the interviewer's administrative assistant to get things set up. The assistant is impressed by his interactions with Brandy because she is prompt and respectful in her responses to him. He passes this information along to his boss.
(Click to select) Make every day count Stay informed and network Promote yourself Roll with change and disruption Small things matter during interviews
9. Monique is quitting her job and moving to another state because her partner was offered a tremendous job there. Monique is excited about the opportunity to recharge and refocus her own career.
(Click to select) Make every day count Stay informed and network Promote yourself Roll with change and disruption Small things matter during interviews
10. Khalil researches the norms for attire at each company he plans to interview with. This way he can be certain to dress according to specific organizational expectations.
(Click to select)
Make every day count
Stay informed and network
Promote yourself
Roll with change and disruption
Small things matter during interviews
Answer:
1. Angèle ⇒ Make everyday count
She tries to get as much done as possible in the day.
2. Darnell ⇒ Promote yourself
Darnell promotes the work that he and his team has done to a higher ranking person, his CEO.
3. Wesley ⇒ Roll with change and disruption
Wesley is fine with being in his current job or going to another one (change).
4. Esteban ⇒ Promote yourself
He wants everyone to think highly of him and so is promoting himself.
5. Teresa ⇒ Stay informed
Teresa is keeping abreast of information in marijuana legislation.
6. Luke ⇒ Stay informed
Luke is trying to stay informed with technological innovation.
7. Reena ⇒ Promote yourself.
Reena is promoting herself and her achievements on social media.
8. Brandy ⇒ Small things matter during interviews
Her respect for professional etiquette in responding to the interview assistant was a small thing that is likely to go a long way to helping her pass the interview.
9. Monique ⇒ Roll with change and disruption
Her life has been changed and disrupted by this move yet she is excited and looking forward to it. She is rolling with change.
10. Khalil ⇒ Small things matter during interviews
Khalil is trying to dress appropriately for the interview. He is taking an interest in the company's aesthetic values which shows he is paying attention to detail - the smaller things.
Stanford Corporation has four categories of overhead. The expected overhead costs for each category for next year are as follows:
Maintenance $210,000
Materials handling 90,000
Setups 75,000
Inspection 150,000
The company has been asked to submit a bid for a proposed job. The plant manager believes that obtaining this job would result in new business in future years. Bids are usually based upon full manufacturing cost plus 30 percent. Estimates for the proposed job are as follows:
Direct materials $5000
Direct labor (375 hours) $7500
Number of material moves 4
Number of inspections 3
Number of setups 2
Number of machine-hours 150
Expected activity for the four activity-based cost drivers that would be used is:
Machine-hours 10,000
Material moves 2,000
Setups 100
Quality inspections 4,000
Required:
a. Determine the amount of overhead that would be allocated to the proposed job if 20,000 direct labor-hours are used as the volume-based cost driver.
b. Determine the total costs of the proposed job.
c. Determine the company's bid if the bid is based upon full manufacturing cost plus 30 percent.
d. Determine the amount of overhead that would be applied to the proposed project if activity-based costing is used.
Answer:
Results are below.
Explanation:
a)
First, we need to calculate the predetermined overhead rate:
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 2,325,000 / 20,000
Predetermined manufacturing overhead rate= $116.25 per direct labor hour
Now, we can allocate overhead:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 116.25*375
Allocated MOH= $43,493.75
b)
Total cost= 5,000 + 7,500 + 43,493.75
Total cost= $55,993.75
c)
Selling price= 55,993.75*1.3
Selling price= $72,791.88
d)
First, we need to calculate the activities rate:
Maintenance= 210,000 / 10,000= $21 per machine hour
Materials handling= 90,000 / 2,000= $45 per material move
Setups= 75,000 / 100= $750 per setup
Inspection= 150,000 / 4,000= $37.5 per inspection
Now, we can allocate overhead:
Maintenance= 21*150= 3,150
Materials handling= 45*4= 180
Setups= 750*2= 1,500
Inspection= 37.5*3= 112.5
Total allocated costs= $4,942.5
After comparing the manufacturing costs in the United States and in offshore locations, Alpha Manufacturing has decided to move its operations offshore to increase its profits by reducing manufacturing costs. In the given scenario, Alpha Manufacturing has most likely conducted a ______, a form of utilitarianism commonly applied by firms and government.
Answer:
Cost-benefit analysis.
Explanation:
Cost-benefit analysis is used to examine and compare the cost associated with a project or task and the benefits derived from it.
In the given scenario, Alpha Manufacturing has most likely conducted a cost-benefit analysis, a form of utilitarianism commonly applied by firms and government. Also, it is essentially used by various organizations or business firms in the decision-making process, as all the cost incurred are determined.
Additionally, it may be used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.
Fixed costs can be defined as predetermined expenses in a business that remain constant for a specific period of time regardless of the quantity of production or level of outputs. Some examples of fixed costs in business are loan payments, employee salary, depreciation, rent, insurance, lease, utilities etc.
You were hired as a consultant to Quigley Company, whose target capital structure is 35% debt, 10% preferred, and 55% common equity. The interest rate on new debt is 6.50%, the yield on the preferred is 6.00%, the cost of common from retained earnings is 11.25%, and the tax rate is 40%. The firm will not be issuing any new common stock. Quigley's WACC is closest to: 8.15% 8.48% 8.82% 9.17% 9.54%
Answer:
8.15 %
Explanation:
Weighted Average Cost of Capital (WACC) is the business Cost of permanent sources of finance pooled together. It shows the risk of the business and is used to evaluate projects.
WACC = Cost of Equity x Weight of Equity + Cost of Preferred Stock x Weight of Preferred Stock + Cost of Debt x Weight of Debt
Remember to use the After tax cost of debt :
After tax cost of debt = Interest x ( 1 - tax rate)
= 6.50% x (1 - 0.40)
= 3.90 %
therefore,
WACC = 11.25% x 55% + 6.00% x 10% + 3.90 % x 35%
= 8.15 %
Thus,
Quigley's WACC is closest to 8.15 %.
g Excess reserves refer to the Multiple Choice difference between a bank's vault cash and its reserves deposited at the Federal Reserve Bank. minimum amount of actual reserves a bank must keep on hand to back up its customers deposits. difference between actual reserves and loans. difference between actual reserves and required reserves.
Answer:
difference between actual reserves and required reserves.
Explanation:
Banks must follow government regulations regarding the amount of required reserves that they must hold. Any amount of reserves over the required reserves are considered excess reserves. For example, a bank has $100 in reserves and the required reserves are $80, then the excess reserves = $20.
At the time of his death on July 9, Aiden held rights in the following real estate: Fair Market Value (on July 9) Apartment building $2,100,000 Tree farm 1,500,000 Pastureland 750,000 Residence 900,000 The apartment building was purchased by Chloe, Aiden's mother, and is owned in a joint tenancy with her. The tree farm and pastureland were gifts from Chloe to Aiden and his two sisters. The tree farm is held in joint tenancy, and the pastureland is owned as tenants in common. Aiden purchased the residence and owns it with his wife as tenants by the entirety. Compute Aiden's gross estate based on the scenarios:
Answer:
The answer is [tex]\$1,200,000[/tex]"".
Explanation:
[tex]\to [\$500,000 (\frac{1}{3} \times \$1,500,000) + \$250,000 (\frac{1}[3} \times \$750,000 + \$450,000 (\frac{1}[2} \times \$900,000]\\\\\\to \$1,200,000[/tex]
Though this tree farm is jointly held, Aiden is assumed to have given 1/3 of the treatment because his mother gave her a gift to create the lease. The tenancy of the major chunk is subjected to the fifty percent spouse exclusion rule. None of the structures is included as Chloe does not escape Aiden.
Waldo Company has been approached about providing a new service to its clients. The company will bill clients $160 per hour; the related hourly variable and fixed operating costs will be $70 and $24, respectively. If all employees are currently working at full capacity on other client matters, the per-hour opportunity cost of being unable to provide this new service is:
Answer:
$90 per hour
Explanation:
Opportunity cost means the benefit one have forgone, for choosing another alternative. Opportunity cost of being unable to provide new service = Billing price - Variable cost per hour. Here, fixed cost is not considered because it will be incurred irrespective of the capacity of working.
So, Opportunity cost = $160 - $70 = $90 per hour