Answer:
$4945.14
Explanation:
The computation of the maximum increase in sales is shown below:
But before that we need to do the following calculations
Return on Equity = Net Income ÷ Total Equity × 100
= $7,854 ÷ 60,900 × 100
= 12.9%
And, Dividiend Payaout Ratio = 30%
So, retention ratio = 100% - 30%
= 70%
Now
Sustainable Growth rate equation is
= [(Return on Equity × retention Ratio) ÷ ([1 - (Return on Equity × retention ratio)]
= [(0.129 × 0.7) ÷ [1 - (0.129 × 0.7)]
= [( 0.0903) ÷ [1 -(0.0903)]
= 0.993
= 9.93%
So, Maximum dollar increase in sales os
= $49,800 × 9.93%
= $4945.14
Rick and Jose gain new market information regarding a potential entrepreneurial opportunity. Despite the fact that both of them have gained access to this new information, only one of these individuals has access to additional information suggesting that other competitors are already moving to exploit this opportunity. What is this an example of
Incomplete. Here are the options;
A. information asymmetry
B. information assurance
C. information reliability
D. information asset
E. social networking
Answer:
A. information asymmetry
Explanation:
The concept of Information asymmetry involves a situation where one party in a relationship has more or better information than the other party.
In this case, there exists a party with more (additional) information than the other, hence it is a good example of information asymmetry.
The given description most likely exemplifies the situation of:
A). Information Asymmetry
'Information Asymmtery' is characterized as the terminology that is employed to denote the transactions(holding between two parties) that involve one party(buyer or seller) possessing comparatively more or added information than the other party. In the given scenario, one party possessing extra information regarding the other competitors' hunt on this newly available opportunity would be characterized as 'Information Asymmetry.' Therefore, this correctly exemplifies the concept.
Thus, option A is the correct answer.
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What is a example of good customer service?
Answer:
Jet blue= thanks frequent customers with small gesturer
Tesla= meet your customers where they r at
The most commong reason for leaving a site without purchasing includes:______.A. Customers could not find the items they were looking for.
B. Site did not look trustworthy.
C. Shipping charges were too high.
D. All the above.
Answer:
All of the above
Explanation:
A customer on visiting a website might decide not to go ahead with a purchase due to the following reasons
- They did not see the product in which they wish to buy after going through the different lists of products that can be found on the website.
- There are some parts of the site that looks suspicious to them such as payment options. Some customers may not comepletly trust the credibility of a site, this makes scared to put in their card details for payment for fear of being scammed online.
- There are some website that increase their shipping costs, this high price often discourage customers from buying a particular product.
Hence, in the scenario described above, all of above are the most common reasons for leaving a site without purchasing anything.
what is the role of a manager
Answer:
Entrusted with a leadership role, a manager is responsible for overseeing a department or group of employees within a specific organisation or company. Managers are utilised in every sector, and the business model relies on their leadership and ability to operationalise the management structure.
Explanation:
In a management position, one can expect to have the following ten day-to-day responsibilities:
Daily Operations: The primary role of a manager is to ensure the daily functioning of a department or group of employees.
Staffing: Most employers expect their managers to interview, hire, and train new employees.
Set Goals: A manager articulates both short and long-term goals to ensure a company’s longevity.
Liaising: Although a manager typically oversees a group of employees, managers also effectively communicate with their bosses and convey the necessary information to the various company parties.
Administration: Managers complete administrative work and correspond with other departments.
Delegation: Effective managers have confidence in their employees and delegate tasks according to the department’s needs.
Motivate: As a leader, a manager motivates staff and creates an environment where employees thrive.
Enforcing Policy: Managers enforce company policy to cultivate an environment that makes employees hold one another accountable for their actions.
Training: If new technologies or systems are introduced to business, employers turn to managers to train employees.
Evaluation: To encourage satisfactory work, managers evaluate data and employee performance.
Answer:
Enstrusted with a leadership role a manager is responsible for overseeing a department or group of employees within a specific organisation or company.
Which is not an example of an intangible products? 1) Music downloads 2) t-shirt 3) online video game 4) software
Answer:
The second option, a t-shirt.
Explanation:
Tangible means something that is "perceptible by touch."
If you can touch something and feel it, it's tangible.
Answer:
[tex]\boxed {\tt 2. \ T-shirt}[/tex]
Explanation:
This question asks us which is not an example of an intangible product. We need to find the object that is tangible. Let's define the words and examine our answer choices.
A tangible product is a physical object that can be touched, while an intangible product is a product that cannot be touched.
Music downloads, online video games, and software are all intangible. They cannot be touched, as they are all virtual.
A t-shirt is a tangible product that can be touched.
Therefore, the correct answer is 2. T-shirt
When I buy a $12.00 movie ticket rather than two paperback books, the
opportunity cost of going to the movie is the two paperback books I did
not buy.
True or false?
Determine earnings per share for Sixer Company given the following:
Net Sales Income before Income Taxes Gross Profit Income Tax Rate Preferred Stock Common Stock $885,000 $300,000 $500,000 3596 10,000 shares of 3% cumulative, $60 par 125,000 weighted shares of $5 par
A) $2.40
B) $0.70
C) $2.26
D) $1.42
Answer: D) $1.42
Explanation:
Earnings per share is calculated as the amount available to common shareholders divided by the number of common shares.
Income available to shareholders = After tax income - Preferred dividends
Income before taxes = $300,000
After tax income = 300,000 * ( 1 - 35%)
= $195,000
Preferred dividend = 10,000 * 3% * 60
= $18,000
Income available to shareholders = 195,000 - 18,000
= $177,000
Earnings per share = Income available to shareholders / Common shares
= 177,000/125,000
= 1.416
= $1.42
Which of the following can be filed by the defendant of a lawsuit?A) InjunctionB) ReplyC) ComplaintD) Answer
Answer:
D) Answer
Explanation:
Answer can be filed by the defendant of a lawsuit. This is basically a pleading or response that is filed by the defendant in order to respond to a complaint made by a plaintiff. So when a defendant files an answer, he pleads and presents the defenses or counter arguments by addressing the allegations or claims made by the plaintiff in the complaint. So this way the defendant defends himself/herself against the accusations that are made against the defendant.
Injunction is not valid here because it is a court order which requires an individual to take a particular action or stop doing a particular action.
Reply is also not a valid option because it is a pleading or response of a plaintiff to the defendant's demand for relief which the defendant appeals through the filed answer.
Complaint is also not a valid option because it is a pleading which is filed by the plaintiff. This pleading is filed in order to start a case or a civil action and this is presented in a form of a document.
Data concerning Pellegren Corporation's single product appear below: Fixed expenses are $531,000 per month. The company is currently selling 4,000 units per month. The marketing manager would like to cut the selling price by $14 and increase the advertising budget by $35,000 per month. The marketing manager predicts that these two changes would increase monthly sales by 500 units. What should be the overall effect on the company's monthly net operating income of this change? Select one: a. decrease of $18,000 b. increase of $38,000 c. decrease of $38,000 d. increase of $58,000
Answer:
a. decrease of $18,000
Explanation:
The calculation of overall effect on the company's monthly net operating income is shown below:-
Particulars Current Proposed
Sales $800,000 $837,000
($200 × 4,000) (200 - 14) × (4,000 + 500)
Variable
expenses $160,000 $180,000
(40 × 4,000) (40 × (4,000 + 500))
Contribution
margin $640,000 $657,000
Fixed
expenses $531,000 $566,000
($531,000 + 350,00)
Net operating
income $109,000 $91,000
Decrease in net operating income is
= $109,000 - $91000
= $18,000
Pinterest is a website where you collect ideas, images, and videos and organize them by creating boards. On its website Pinterest describes itself as “A few (million) of your favorite things” and pictures its cross-platform capability of a computer screen and a cell phone. Pinterest effectively communicates the benefit of its product to a visitor through the description and the images. What has Pinterest conveyed clearly on its website?
Answer:
Its Value Proposition
Explanation:
O'Neill, Incorporated's income statement for the most recent month is given below. If sales in Store B increase by $30,000 as a result of a $7,000 expenditure in fixed expenses: Select one: a. the contribution margin should increase by $18,000 b. the segment margin should increase by $12,000 c. the contribution margin should increase by $11,000 d. the segment margin should increase by $5,000
Answer: $5,000
Explanation:
The Contribution Margin (CM) given it $80,000 for Store B.
The Contribution margin ratio is;
= CM / Sales
= 80,000 / 200,000
= 40%
Given an increase of $30,000 in sales, increase in CM is;
= 30,000 * 40%
= $12,000
Traceable fixed costs for that increase was $7,000 so the segment margin will be;
= CM - Traceable fixed cost
= 12,000 - 7,000
= $5,000
Gatwick Ltd. has after tax profits (net income) of $500,000 and no debt. The owners have a $6 million investment in the business. If they borrow $2 million at 10% and use it to retire stock, how will the return on their investment (equity) change if earnings before interest and taxes remains the same
Answer:
Return on equity would increase from 8.33% to 9.50%
Explanation:
The tax rate of 40% is missing from the question.
Return on equity prior to share repurchase=$500,000/$6,000,000
Return on equity prior to share repurchase=8.33%
With the issue of debt finance of $2,000,000, the after-tax interest expense is computed thus:
after-tax interest expense=$2,000,000*10%*(1-40%)=120000
adjusted net income=$500,000-$120,000=$380,000
new common stock=$6,000,000-$2,000,000=$4,000,000
adjusted return on equity=$380,000/$4,000,000=9.50%
Who should a visionary creator work with?
Answer:
In simple words, Visionaries refers to the individuals who put many diverse ways of thought together. People have the potential to allow their minds to freely move, unburdened by controlled pathways of thinking. But a visionary also has the potential to pull it around and effortlessly incorporate it into the actual world.
Thus, a visionary should work with someone who too have a creative mind with practical knowledge of the processes. As someone should be their to make such visionaries realize about possible and impossible.
Which fund classification would a focus on only stocks of technology companies match?
a. Growth fund
b. Sector fund
c. Balanced fund
d. International fund
Answer:a
Explanation:
1. What do you call the basic unit of storage for computers?
A. "A file"
B. "A folder"
C. "A subfolder"
D. "An application”
2. What is computer software designed to help a person perform useful tasks
called?
A. "A PowerPoint"
B. "A browser"
C. "An application"
1 cuiten
Answer:
I believe 1 would be A. "A file" and 2 would be C. "An application" Hoped this helped, if I'm wrong please let me know!
The basic unit of storage for computers is called as the “A file”, and the computer software designed to help a person perform useful tasks called “An application”.
What is Computer?A computer is defined as a digital electrical device that can be created mentally to execute arithmetical or logical transactions in a predetermined sequence.
Computer program are generic aggregations of dealings that modern computers can do. These programs countenance computers to conduct out a mixture of projects.
The “A file” is the untold elementary unit of computer storage, and “An application” is computer software planned to assist a individual in executing useful tasks.
Therefore, option A is correct for 1, and C is correct for C.
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Laura and Bryce both want to be able to forward receipts to QuickBooks Online to take advantage of the Receipt Capture feature. Where would they go to enable an additional email account for the same QuickBooks Online company? Gear > Tools > Manage Receipt Capture emails Banking > Receipts > Manage Senders Banking > Receipts > Manage Receipt Capture emails Gear > Account and Settings > Advanced > Manage Senders
Answer:
Banking > Receipts > Manage Senders> Image capture
Explanation:
For taking advantage with respect to the capital feature of receipts the following procedure is applied and for enabling an extra email account the same is considered
In the column of manage, senders enter the new mail
Also, one company mail is restricted in QuickBooks online
Now if the extra email is needed to use the field of customer-facing in the column of sales form
This should be followed
First City Bank pays 6 percent simple interest on its savings account balances, whereas Second City Bank pays 6 percent interest compounded annually. If you made a deposit of $15,000 in each bank, how much more money would you earn from your Second City Bank account at the end of 8 years? (
Answer:
Difference= $1,707.72
Explanation:
Giving the following information:
First City Bank pays 6 percent simple interest on its savings account balances
Second City Bank pays 6 percent interest compounded annually.
Investment= $15,000
n= 8
To calculate the future value of investing in First City, we need to use the following formula:
FV= PV*(1+i*n)
FV= 15,000*(1+0.06*8)
FV= $22,200
To calculate the future value of investing in Second City, we need to use the following formula:
FV= PV*(1+i)^n
FV= 15,000*(1.06^8)
FV= $23,907.72
The difference between banks:
Difference= 23,907.72 - 22,200= $1,707.72
Equivalent Units of Materials Cost The Rolling Department of Kraus Steel Company had 4,600 tons in beginning work in process inventory (70% complete) on October 1. During October, 77,000 tons were completed. The ending work in process inventory on October 31 was 3,900 tons (40% complete). What are the total equivalent units for direct materials for October if materials are added at the beginning of the process? 80,900 units
Answer:
Total equivalent units= 80,900 tons
Explanation:
Giving the following information:
During October, 77,000 tons were completed. The ending work in process inventory on October 31 was 3,900 tons (40% complete).
Because the direct material is added at the beginning of the process, we should not take into account the beginning inventory. It was recognized the previous month.
For direct material, each ton is completed at 100%.
Units completed= 77,000*1 = 77,000
Ending inventory= 3,900*1= 3,900
Total equivalent units= 80,900 tons
You are considering the purchase of a new machine to help produce a new product line being introduced. The machine is expected to have a setup time of 10 minutes per batch and a processing time of 2 minutes per part. You plan to have batch sizes of 50 parts. The plant operates 8 hours per day.
A. (5 points) What is the capacity of the machine in batches per day?
B. (5 points) What is the capacity of the machine in parts per day?
C. (5 points) How many batches per daycan you run through the machine if you decide to operate the machine at a 70% utilization rate?
D. (5 points) How many parts per daycan you process through the machine if you decide to operate the machine at an 85% utilization rate?
Answer:
A. 4.3 batches
B. 215 parts
C. 3 batches
D. 184 parts
Explanation:
Please find explanation attached
Wagner & Sons, Inc. perform property appraisals for commercial real estate transactions. The following transactions were completed in July 2013. July 1 Purchased $345 in office supplies on account. July 2 Wrote a check for a $700 utility bill for the current month. July 3 Paid $875 in salaries to employees for the current month. July 8 Received $4,015 on customer accounts for bills sent in prior month. July 12 Conducted five appraisals and invoiced SLL Commercial Real Estate, Inc. for $11,000. Prepare journal entries using the transaction analysis above. If no journal entry is required, indicate that in the account description. The company has the following Chart of Accounts: Cash, Accounts Receivable, Supplies, Equipment, Accounts Payable, Notes Payable, Common Stock, Retained Earnings, Service Revenue, Rent Expense, Furniture, Prepaid Insurance, Advertising Expense,Unearned Revenue, Wages Expense, Interest Expense, Utilities Expense, Salaries Expense -OR- "No journal entry needed"
Answer:
Date Account Title Debit Credit
1-Jul Supplies $345
Accounts Payable $345
2-Jul Utilities expense $700
Cash $700
3-Jul Salaries expense $875
Cash $875
8-Jul Cash $4,015
Accounts Receivable $4,015
12-Jul Accounts Receivable $11,000
Revenue earned $11,000
What are some of the reasons businesses fail?
Answer:
The most common reasons businesses fail include a lack of capital or funding, retaining an inadequate management team, a faulty infrastructure or business model, and unsuccessful marketing initiatives.
Some of the reasons businesses fail are lack of knowledge, lack of planning, lack of management of resources effectively.
What is business?An economic activity that involves the exchange of goods and services with the help of buying and selling with the objective to gain some profit is called Business.
A business can possibly fail when there is no planning of things like what to do and how to do it. For a business, to be effective, there should be a plan or roadmap which needs to be followed step by step in order to succeed.
A business will fail when it is unable to manage the capital as well as the workforce effectively and make optimum utilization of it in order to produce and achieve productivity in abundance.
When a business does not have expertise or knowledge about the field as well as current market trends and competitors it will go to fail as it is unable to cope with the trend
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The process of developing a pool of qualified job applicants is called job analysis TURE OR FALSE
Answer:
F
Explanation:
In the month of November, Terpak Industries had the following overhead costs. 1. Property taxes, $22,500 ($10,000 for offices, $12,500 for factory) 2. Insurance, $14,380 ($3,140 for office building insurance, $7,240 for accidental injury insurance on factory workers, $4,000 for factory building insurance) 3. Utilities, $1,843 ($1,200 for factory, $643 for offices) 4. Depreciation, $47,000 ($15,400 for factory equipment, $19,000 for factory building, $12,600 for office building) How much will Terpak debit their Manufacturing Overhead account on November 30
Answer:
The amount Terpak will debit their Manufacturing Overhead account on November 30 is $59,340.
Explanation:
Manufacturing overhead can be described as all indirect costs that are incurred by a firm during the production process.
Manufacturing overhead is also known as factory overhead and it can be calculated by considering all the costs related to the factory.
For this question, the amount Terpak will debit their Manufacturing Overhead account on November 30 can therefore be calculated as follows:
Particulars Amount ($)
Factory tax 12,500
Factory accidental injury insurance 7,240
Factory building insurance 4,000
Factory utilities 1,200
Depreciation of factory equipment 15,400
Depreciation of factory building 19,000
Total manufacturing overhead 59,340
Therefore, the amount Terpak will debit their Manufacturing Overhead account on November 30 is $59,340.
Tumbling Haven, a gymnastic equipment manufacturer, provided the following information to its accountant. The company had net fixed assets of $356,190, and other assets of $4,176. The firm has current liabilities of $94,792, long-term debt of $76,445, common stock of $200,000, and retained earnings of $134,461. What amount of current assets did this firm have?
Answer: 145332
Explanation:
Current assets are the assets that a company has wgich are expected to either be sold or used during the next year and they iinclude cash, stock inventory, accounts receivable, marketable securities, cash equivalents, pre-paid liabilities, etc
It should be noted that:
Total asset = Current asset + $356190 + $4176
= Current asset + $360366
Long term debt + equity = 76445 + 200000 + 134461
= $410906
Current liabilities = $94,792
Since current liabilities= Total asset - (long term debt + equity)
$94,792 = (Current asset + $360366) - $410,906
Current asset = $94792 + $410906 - $360366
= $505698 - $360366
= $145,332
Levin Furniture buys a living room set with a $4,000 list price and a 55% trade discount. Freight (FOB shipping point) of $50 is not part of the list price. What is the delivered price (including freight) of the living room set, assuming a cash discount of 2/10, n/30, ROG? The invoice had an April 8 date. Levin received the goods on April 19 and paid the invoice on April 25.
Answer:Delivered price=$1,814
Explanation:
List Price = $4,000
Trade discount = 55%
Price after discount = $4,000 - 55% x $4000
$4000- $2,200 = $1,800
if Levin pays within 10 days he will have a discount of 2 %, which he did
Therefore 2% x $1800 = $36
Delivered price = $1800 -$36+ freight charges ( shipping)
$1800 -$36 + $50=$1814
Stock Price after Recapitalization Lee Manufacturing's value of operations is equal to $900 million after a recapitalization (The firm had no debt before the recap.) Lee raised $300 million in new debt and used this to buy back stock. Lee had no short-term investments before or after the recap. After the recap, wd = 1/3. The firm had 26 million shares before the recap. What is P (the stock price after the recap)? Do not round intermediate calculationos. Round your answer to the nearest cent. $
Answer:
$34.62
Explanation:
Lee's manufacturing value of operation is $900 million after recapitalization
The firm has no amount of debt Before this
They also had no short term investments before the recap
After the recap wd= 1/3
Lee's had 26 million before the recap
The first step is to calculate the value of equity after recap
= (1-1/3) × 900 million
= 0.6667 × 900 million
= 600 million
Therefore the stock price after the recap can be calculated as follows
= 600 million + (300 million - 0)/26 million
= 600 million + 300 million /26 million
= 900 million/26 million
= $34.62
Hence the stock price after the recap is $34.62
Which method is used to compute depletion?a. Double-declining-balance methodb. Straight-line methodc. Depletion methodd. Units-of-production method
Answer:
d. Units-of-production method
Explanation:
For computing the depletion method, the units of production method is to be used as the straight line method, double declining method are to used for depreciating the fixed assets not for depleting the assets
The units of production method could be used for the depleting the natural resources like mines, etc
So, the correct option is d.
Which of the following statements is correct?A. Marketing is the term used to refer only to the sales function within a firm.B. Marketing managers don't usually get involved in production or distribution decisions.C. Marketing is an activity that considers only the needs of the organization; not the needs of society as a whole.D. Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.
Answer:
D. Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.
Explanation:
Marketing goes way beyond selling and covers everything from planning to production and delivery/distribution to the customers. This is because marketing is a key/critical part of the business. Marketing is aimed at creating value for the customers and satisfying their needs in this way therefore marketing in business is not focused on selling but goes beyond that to breach the gap of satisfying and solving customers problems. This is seen in businesses who are marketing concept oriented and not selling concept oriented
Joe Fixit has an appliance-repair business. He has more business than he can handle and wants to hire another repair person. Joe estimates that three appliances can be repaired each hour by a qualified person. Joe bills out labor at $45 per hour, but he stipulates that the minimum charge for appliance-repair estimates is $30 plus parts. What is the marginal revenue product of a qualified repair person
Answer:
The marignal revenue that another worker would bring to Joe under these circumstances is $90.
If joe hires a new worker, the worker can repair 3 appliances per hour, and the mininum charge for appliance-repair is $30 plus parts. The marignal revenue is:
$30 x 3 appliances = $90
Because wages are equal to the marginal product of labor, the maximum amount that Joe would pay to a new person is $90.
Which best describes the purpose served by economic models within an economic system? Models identify patterns. Models determine the business cycle. Models control change. Models define global demand.
Answer:
Models identify patterns
I took it and I got it right
The purpose served by economic models within an economic system is that Models identify patterns.
What is economic model?An economic model can be regarded as simplified description of reality, which is been designed to yield hypotheses as regards economic behavior.
It identify patterns and it is necessarily subjective in design .
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