The statement given is false, a manager working in the united states will typically see a high level of collectivism among workers.
Typically, American society favors individualism over collectivism. According to the definition of collectivism, a society is one in which interpersonal ties are solid and people form cohesive groups. In other words, collectivism is the act of advancing social groups over individuals.
The fact that Americans typically see each person as a self-sufficient individual is crucial to comprehending the American value system. Everyone exists as an individual, not as a representative of their family, neighborhood, or any other group.
To learn more about collectivism refer here
https://brainly.com/question/28314073#
#SPJ4
A domestic product division structure is used when global strategies require that the corporate offices be responsible for overall efficiency and performance.
T/F
When national product division structures are required by global strategies, the corporate offices are in charge of overall effectiveness and performance. False
The structure of the product division contains the functions necessary for the specific items or services that a product/service division offers. For each of the major product categories, the parent business has headquarters divisions with the requisite human, financial, and other resources.
A divisional structure also has shortcomings. Office politics may take precedence over sound strategic considerations when it comes to choices like resource allocation when divisions within a corporation are at odds with one another. So, periodically, one division may conduct itself in a manner that weakens another.
Learn more about divisional structure here:
https://brainly.com/question/29217606
#SPJ4
acme, inc. had cost of goods sold of $2,000. if beginning inventory was $2,100 and ending inventory was $500, acme's purchases must have been $
Acme's purchases, given the cost of goods sold, and the beginning inventory, were $ 400
How to find the purchases ?When given the cost of goods sold , the beginning inventory , and the ending inventory, the purchases can be found in the formula :
Cost of goods sold = Beginning inventory + Purchases - Ending inventory
Purchases = Cost of Goods sold - Beginning inventory + Ending inventory
The purchases for Acme Inc. are therefore :
Purchases = 2, 000 - 2, 100 + 500
= $400
Find out more on purchases at https://brainly.com/question/24561653
#SPJ1
Cub Company, a calendar-year entity, had 3,100 geothermal heating pumps in its beginning inventory for 20X1. On December 31, 20X0, the heating pumps had been adjusted down to $900 per unit from an actual cost of $1,000 per unit. It was the lower of cost or market. Cub purchased no additional units during 20X1. The following additional information is provided for 20X1:
Quarter Date Inventory (units) Unit Market Value
1 March 31, 20X1 1,770 $ 885 2 June 30, 20X1 1,480 930 3 September 30, 20X1 1,340 840 4 December 31, 20X1 990 870 Required:
Please respond to the following two independent scenarios as requested.
a. Case 1: The company does not have sufficient experience with the seasonal market for geothermal pumps and assumes that any reductions in market value during the year will be permanent.
(1) Determine the cost of goods sold for each quarter.
(2) Verify the total cost of goods sold by computing annual cost of goods sold on a lower-of-cost-or-market basis.
b. Case 2: The company has prior experience with the seasonal market for geothermal pumps and expects that any reductions in market value during the year will be only temporary and will recover by year-end.
(1) Determine the cost of goods sold for each quarter.
(2) Verify the total cost of goods sold by computing annual cost of goods sold on a lower-of-cost-or-market basis.
Case 1: The company does not have sufficient experience with the seasonal market for geothermal pumps and assumes that any reductions in market value during the year will be permanent.
(1) Cost of Goods Sold per Quarter:
1st Quarter: 3,100 units x $900 per unit = $2,790,000
2nd Quarter : 1,770 units x $885 per unit = $1,568,450
3rd Quarter : 1,480 units x $930 per unit = $1,374,400
4th Quarter : 990 units x $870 per unit = $855,300
2) Total Cost of Goods Sold:
Beginning Inventory: 3,100 units x $900 per unit = $2,790,000
Purchases: 0 units x $0 per unit = $0
Total Cost of Goods Available for Sale: $2,790,000
Adjusted Market Value: 3,100 units x $900 per unit = $2,790,000
Total Cost of Goods Sold: $2,790,000
b. Case 2:The company has prior experience with the seasonal market for geothermal pumps and expects that any reductions in market value during the year will be only temporary and will recover by year-end.
(1) Cost of goods sold for each quarter.
Quarter Date Inventory (units) Unit Market Value Cost of Goods Sold
1 March 31, 20X1 1,770 $ 885 $1,543,450 2 June 30, 20X1 1,480 930 $1,373,400 3 September 30, 20X1 1,340 840 $1,113,200 4 December 31, 20X1 990 870 $848,300
(1) Cost of Goods Sold for Each Quarter:
Quarter Date Value Cost of Goods Sold in units
1 March 31, 20X1 1,770 $885 $1,000 2 June 30, 20X1 1,480 930 $1,000 3 September 30, 20X1 1,340 840 $1,000 4 December 31, 20X1 990 870 $900
(2) Total Cost of Goods Sold:
Beginning Inventory: 3,100 units x $900 = $2,790,000
Purchases: 0 units x $0 = $0
Total Cost of Goods Available for Sale: $2,790,000
Less Ending Inventory: 990 units x $900 = $891,000
Cost of Goods Sold: $1,899,000
Learn more about market value here:
https://brainly.com/question/6278309
#SPJ4
TRUE/FALSE. the income effect is the change in national income brought about by a change in intrest rates
The income effect is the change in national income brought about by a change in interest rates is true.
What Does an Interest Rate Mean?The fee that a lender assesses on a borrower is known as the interest rate, which is expressed as a percentage of the principal, or the loaned amount. The annual percentage rate, or APR, is the usual unit used to express the interest rate on a loan (APR).
How come interest rates are rising?A rise in the demand for credit or money will result in higher interest rates, while a fall in that demand will result in lower rates. The supply and demand of credit is a key driver of interest rate levels.
To know more about Interest rates visit:
https://brainly.com/question/13324776
#SPJ4
T/F Purchase Returns and Allowances and Purchase Discounts are accounts with credit balances and are subtracted from Purchases to produce net purchases.
It is true that purchase returns, allowances, and discounts, which have credit balances, are deducted from purchases to yield net purchases.
What are promotional discounts?Definition: Discount codes are customized or widely available codes that are offered to clients as a purchase incentive and lower the cost of an order. Discount coupons can be a useful tool for e-commerce businesses to draw clients and promote repeat business.
Which promotion is the most useful?A discount that is based on a percentage is the most typical type of discount. Small discounts (5–10% off) and higher discounts (15–25% off) are used by online shops as sales incentives. Brands frequently offer discounts of 50percentage points or more to get rid of outdated and surplus inventory.
To know more about discount visit:
https://brainly.com/question/3541148
#SPJ4
an egyptian firm exporting cotton to the united states and an american company hiring an indian call center to answer its phones are examples of which of the following? multiple choice question. balance of payments an international business plan international trade an international asset transaction
International trade examples include a cotton exporter from Egypt to the US and an American company that uses an Indian call center to handle its phone calls.
Consumer products like televisions and apparel, capital goods like machinery, raw materials, and food are some of the things that are frequently traded. Other transactions involve services, like payments for foreign patents and travel services (see service industry).
The biggest African export market for the US is Egypt. Wheat and corn, mineral fuel and oil, machinery, airplanes, and iron and steel items are among the U.S. exports to Egypt. Clothing, natural gas and oil, fertilizers, textiles, and agricultural goods are among the imports from Egypt that the United States buys.
Read more about international trade at
https://brainly.com/question/15710033
#SPJ4
A major conclusion of the Hawthorne studies was that the best way to motivate employees is with monetary incentives such as pay raises and bonuses. t/f
The Hawthorne studies came to the important conclusion that financial incentives like wage increases and bonuses are the most effective approach to inspire people. The assertion is untrue.
What were the results of the Hawthorne studies?He found that, rather than short-term rewards, employee involvement in decision-making enhanced job satisfaction at the Western Electric facility in Hawthorne.
What did the Hawthorne studies aim to accomplish?To find out whether or not its employees would be more productive in greater or lower light levels, The Hawthorne Works has commissioned a research. When adjustments were made, the workers' output appeared to increase; nevertheless, after the study was over, it declined.
To learn more about Hawthorne studies here:
https://brainly.com/question/6599331
#SPJ4
Management should focus its sales and production efforts on the product or products that will provide
a. the highest sales revenue b. the lowest product costs
c. the maximum contribution margin
d. the lowest direct labor hours. e. the maximum contribution margin.
Management should focus its sales and production efforts on the product or products that will provide the maximum contribution margin. So option c. is correct.
The contribution margin represents the portion of a product's sales revenue that isn't used up by variable costs, and so contributes to covering the company's fixed costs. The concept of contribution margin is one of the fundamental keys in break-even analysis. Low contributions margin is present in labor-intensive companies with few fixed expenses, while capital-intensive, industrial companies have higher fixed costs and thus, higher contribution margins.
The best contribution margin is 100%, so the closer the contribution margin is to 100%, the better.
Learn more about the contribution margin here:
https://brainly.com/question/24039258
#SPJ4
which of these scenarios includes a landlord using the right to terminate a lease after breach of contract?
The scenario that will include the landlord using the right to terminate a lease after breaching of a contract is a. No pets are allowed at Hartford Arms. Bob has been warned twice, and now his landlord tells him to move out.
In the field of business, a contract can be described as a legal document that is formed between two parties or people for business activity. Both parties are entitled to follow the points in the contract until the time mentioned or if there is a breach of any point of the contract by any of the parties.
In the scenario mentioned in option a, Bob has been warned twice that he cannot bring dogs in the property of Hartford Arms. As he does not follow what his landlord is saying and also did not discuss the dog while signing the contract, hence in this case the landlord can terminate the contract due to breach of contract. Thus, option a is correct.
Although a part of your question is missing, you might be referring to this question:
Which of these scenarios includes a landlord using the right to terminate a lease after breach of contract?
a. No pets are allowed at Hartford Arms. Bob has been warned twice, and now his landlord tells him to move out.
b. The landlord is in dire need of his rented house before the time mentioned in the contract for rental.
c. The landlord does not like the rental person.
d. None of the above.
To learn more about contract, click here:
https://brainly.com/question/5746834
#SPJ4
Over the years, Panther Productions has been slow making payments to its bank. Now it is in need of financing. Based on past experience, the interest rate Panther will pay is the
prime rate plus 4 percent.
Based on past experience, the interest rate Panther will pay is the prime rate plus 4 percent.
What is a prime rate?A prime rate, also known as a prime lending rate, is the interest rate that banks typically use when lending to borrowers with good credit. A percentage above or below the prime rate may be used to express some variable interest rates.
The interest rate that commercial banks charge their most credit-worthy business clients is referred to as the prime interest rate, or simply the "prime rate." All floating rate loans are negotiated using this rate as a reference point. In this case, the company will pay the prime rate and 4%.
Learn more about prime rate on:
https://brainly.com/question/1420581
#SPJ1
Complete question
Over the years, Panther Productions has been slow making payments to its bank. Now it is in need of financing. Based on past experience, the interest rate Panther will pay is the ..........
Project Part 1: Risk Management Plan Outline and Research ...
Project Part 1: Risk Management Plan Outline and Research
Project Part 2: Risk Assessment Plan
- Research risk assessment approaches
- Create an outline for a basic qualitative risk assessment plan.
- Write an introduction to the plan explaining its purpose and importance.
- Define the scope and boundaries for the risk assessment.
- Identify data center assets and activities to be assessed.
- Identify relevant threats and vulnerabilities. Include those listed in the scenario and add to the
list if needed
- Identify relevant types of controls to be assessed
- Identify the key roles and responsibilities of individuals and departments within theorganization as they pertain to risk assessments.
- Develop a proposed schedule for the risk assessment process
- Complete the draft risk assessment plan detailing the information above. Risk assessment plansoften include tables, but you choose the best format to present the material. Format the bulk ofthe plan similar to a professional business report and cite any sources you used.
Project Part 3: Risk Mitigation Plan
Project Part 4: Business Impact Analysis (BIA) and Business Continuity Plan (BCP)
Risk management project part 5
This project is divided into several parts, each with a deliverable. The first four parts are drafts. These documents should resemble business reports in that they are organized by headings, include source citations (if any), be readable.
Project Part 5: Final Risk Management Plan
Compile all project parts into a single risk management plan document. Reduce redundant text, if any. Incorporate instructor feedback on the previous submissions in the final risk management plan.
Finding all the potential risks and opportunities that could have an impact on the project's goals is the first step in the risk management process.
Briefing:-These occurrences can be recorded in the risk matrix and then in the risk register.
What five steps comprise a risk management plan?Decide on the danger.
Assess the danger.
Set the risk's importance.
Care for the risk.
Watch the risk.
In project management, what does a risk management plan entail?A risk management plan outlines the steps that will be taken to carry out your project's risk management strategy. This comprises the resources, equipment, and strategies that will be applied to the risk characterization, evaluation, and monitoring processes.
To Know more about management
https://brainly.com/question/29023210
#SPJ4
According tp standard microeconomic theory, if a firm is dealing with an immediate disaster (i.e. flood, earthquake) or facing bankruptcy, then it might layoff workers now to cut costs. This type of executive decision is known as short-run cost management.
Multiple Choice
1-Only the MB=MR concept can give us the best answer.
2-Only game theory software can answer this question for us. This option is the only hope.
3-This is a false statement.
4-This is a true statement.
This is a true statement that this type of executive decision is known as short-run cost management.
What is cost management?Planning and managing a company's budget is the process of cost management. Organizations can more accurately estimate and distribute budgets if they have a sound cost management system in place. A corporation can estimate upcoming expenses with the use of cost management, a type of management accounting, which helps lower the likelihood of going over budget. For both single projects and the whole company model, many companies use cost management strategies. Expected costs for a project are calculated while it is still in the planning stage and are approved beforehand. To ensure they adhere to the cost management plan, all project expenses are tracked and kept under review.
To learn more about cost management, visit:
https://brainly.com/question/14291732
#SPJ4
There are four activities on the critical path. Coincidentally, their standard deviations are all equal to 4. The standard deviation of the critical path is therefore equal to:
2.
4.
8.
16.
64.
Consequently, the critical path's standard deviation is equal to 8. The standard deviation (or ) is a measurement of the dispersion of the data from the mean.
How dispersed the data is is indicated by the standard deviation. It expresses the deviation of each observed value from the mean. Any distribution will have roughly 95% of its values within two standard deviations of the mean.By figuring out how far off from the mean each data point is, the standard deviation can be calculated as the square root of variance. A higher deviation exists within a data set if the data points are further from the mean; consequently, the higher the standard deviation, the more dispersed the data.Therefore, the standard deviation of the critical path is 8.
Learn more about Standard deviation here: https://brainly.com/question/24298037
#SPJ4
according to the article by aihwa ong, companies operating in the free trade zones in malaysia do which of the following?
According to the article by Aihwa Ong, companies operating in the free trade zones in Malaysia exploits workers.
Professor of Anthropology who wrote on how hardworking women in Malaysian electronics industries are being exploited due to the factory's gender hierarchy.
The girls live in the plant's dormitories and hardly ever return home. Malaysian factory employees in a Free Trade Zone, writes about ghost possession and ghost attacks in Malaysian tech companies.
Her works primarily discuss Malaysia and the subpar working conditions and treatment of women. They work extremely long hours for extremely low pay, and they dwell in filthy workplaces where it is against the law to strike and sexual harassment is a common problem.
Ong inquires as to why they allow this. It's because they frequently serve as the main source of income and must send money home.
To know more about Aihwa Ong:
https://brainly.com/question/10671326
#SPJ4
which of the two companies, as judged by the information given above, would you recommend as the better risk and why? assume that the ending account balances are representative of the entire year.
The Plunkett Company's current ratio is 3.03, which is lower than the Herring Company's current ratio of 3.25.
Why is the current ratio important?The current ratio, which compares a company's current assets and liabilities, is a common method for determining a company's capacity to satisfy short-term financial obligations. A ratio that is too low or even too high can indicate future issues and be a reliable indicator of financial health.
When a company makes a credit purchase whose payback is finished within a calendar year, or borrows money from a third party for a duration less than a year, this obligation is referred to as being short-term.
Current Ratio of Plunkett= [tex]\frac{current assets}{current liability}[/tex]
=[tex]\frac{910,000}{300,000}[/tex]
= 3.03
Current Ratio of Herring= [tex]\frac{current assets}{current liability}[/tex]
= [tex]\frac{1,140,000}{350,000}[/tex]
= 3.25
The bank can approve the request due to the herring company's low risk and capacity to pay back the loan with interest when it matures. Both businesses have a six-month loan need. Therefore, both companies view loans as a short-term obligation. By analyzing the companies' short-term solvency, the current ratio indicates the company with the lesser risk. Because the Plunkett firm's current ratio is larger than that of the Herring company, the current ratio suggests that the Plunkett company is at a lower risk. The current ratio of the Plunkett Company is 3.03, which is less than the current ratio of the Herring Company, which is 3.25.
Learn more about current ratio: https://brainly.com/question/19579866
#SPJ4
the complete question is:
Which of the two companies, as judged by the information given below, would you recommend as the better risk and why? Assume that the ending account balances are representative of the entire year.
As loan analyst for Madison Bank, you have been presented the following information:
Plunkett Co. Herring Co.
Assets
Cash $120,000 $320,000
Receivables 220,000 302,000
Inventories 570,000 518,000
Total current assets 910,000 1,140,000
Other assets 500,000 612,000
Total assets $1,410,000 $1,752,000
Liabilities and Equity of Stockholders
Current Liabilities $300,000 $350,000
Long-term liabilities 400,000 500,000
Capital stock and retained earnings 710,000 902,000
Total liabilities and equity of stockholders $1,410,000 $1,752,000
Annual sales $930,000 $1,500,000
Rate of gross profit on sales 30% 40%
Each of these companies has requested a loan of $50,000 for 6 months with no collateral offered. Your bank has reached its quota for loans of this type. Only one of these requests is to be granted.
a manufacturer is considering eliminating a segment because it shows the following $6,400 loss. all $21,400 of its variable costs are avoidable, and $39,200 of its fixed costs are avoidable
In deciding to remove a segment, the manufacturer has to consider the potential cost savings from removing the segment. The segment has a net loss of $6,400 and all the variable costs of $21,400 are avoidable cost. In addition to it, the manufacturer avoids his $39,200 in fixed costs for the segment.
Further, the total potential cost savings from removing the segment comes at $60,600. The manufacturers must have to balance these cost savings against the potential loss of revenue from segment elimination. Eliminating a segment may be beneficial to a manufacturer only if the potential cost savings outweigh the potential loss of revenue.
To know more about avoidable cost click here
https://brainly.com/question/6480477
#SPJ4
at its inception, peacock company purchased land for $50,000 and a building for $220,000. after exactly 4 years, peacock transferred these assets and cash of $75,000 to a newly created subsidiary, selvick company, in exchange for 25,000 shares of selvick's $5 par value stock. peacock uses straight-line depreciation. when purchased, the building had a useful life of 20 years with no expected salvage value. an appraisal at the time of the transfer revealed that the building has a fair value of $250,000.
Company S should record the building at $220,000 and accumulated depreciation of $44000 and investment of $301000
Cost of Building to Company P at the time of purchase= $220000
Expected useful life at the time of purchase = 20 years
Expected salvage value at the time of purchase = $0
Therefore,
Annual depreciation = Cost - salvage value/ expected - useful value
= 220000-0/20
= $11000
Annual depreciation at the time of transfer = $11000 × 4
= $44000
The amount of investment to be reported by Company P should be computed as follows:
Investments = cost of land + Book value of building + cash
= $50000 + 220000 - 44000 + 75000
= $301000
For more information on Depreciation visit:
https://brainly.com/question/25806993
#SPJ4
a granary has two options for a conveyor used in the manufacture of grain for transporting, filling, or emptying. one conveyor can be purchased and installed for $95,000 with $4,500 salvage value after 16 years. the other can be purchased and installed for $95,000 with $5,500 salvage value after 16 years. operation and maintenance for each is expected to be $21,000 and $16,500 per year, respectively. the granary uses macrs-gds depreciation, has a marginal tax rate of 25%, and has a marr of 9% after taxes.
Conveyor 1st is less costly as compare to conveyor 2nd.
We know that:
After tax annual worth (AW) is = NPV/PVAF
Where
NPV= Net present value
PVAF = present value of annuity factor =
where
r= discount rate =9%
p = period = 16
Therefore
PVAF = = 8.313
For NPV we have to first need to find the cashflows:
cashflows for conveyor 1st:
First cost = 70000 at time 0
Annual after tax cost = 18000 * (1-0.40) = 10800
PV = after tax cost * PVAF = 10800 * 8.313 = 89780
PV of salvage value = 3000/1.09^16 = 756
PV of depreciation tax savings is as follows for conveyor 1st:
time(t) MACRS depreciation depreciation tax PV = rates shield (DTS)
70000 * rates * 40%
1 14.29% 4001.2 3670.83
2 24.49% 6857.2 5771.57
3 17.49% 4897.2 3781.54
4 12.49% 3497.2 2477.50
5 8.93% 2500.4 1625.09
6 8.92% 2497.6 1489.24
7 8.93% 2500.4 1367.80
PV of DTS 20183.57
Now, by putting values, we get:
NPV = 20183 +756 -70000- 89780 = -138840
AW = -138840/8.313 = -16703 (negative sign means cost)
Now ,we calculate Cashflow for conveyor 2nd.
First cost = 110000
After AW = 14000 * (1-0.40) = 8400
PV = 8400 * 8.313 = 69829
PV of salvage value = 4000/1.09^16 = 1007
PV of depreciation is for conveyor 2nd
time(t) MACRS depreciation depreciation tax PV= rates shield (DTS) 1 14.29% 6287.6 5768.44
2 24.49% 10775.6 9069.61
3 17.49% 7695.6 5942.42
4 12.49% 5495.6 3893.22
5 8.93% 3929.2 2553.71
6 8.92% 3924.8 2340.23
7 8.93% 3929.2 2149.41
PV of DTS 31717.03
Putting values, we get:
NPV = 31717+1007- 110000- 69829 = -147105
AW = -147105/8.313 = -17697
conveyor 1st AW is -16703 and conveyor 2nd AW is -17697.
Hence, conveyor 1st is less costly as compare to conveyor 2nd.
To know more about Net present Value visit :
brainly.com/question/29423457
#SPJ4
The correct question is :
A granary has two options for a conveyor used in the manufacture of grain for transporting, filling, or emptying. One conveyor can be purchased and installed for $70,000 with $3,000 salvage value after 16 years. The other can be purchased and installed for $110,000 with $4,000 salvage value after 16 years. Operation and maintenance for each is expected to be $18,000 and $14,000 per year, respectively. The granary uses MACRS-GDS depreciation, has a marginal tax rate of 40%, and has a MARR of 9% after taxes.
Determine which alternative is less costly, based upon comparison of after-tax annual worth.
hoover corp., a wholesaler of music equipment, issued $31,400,000 of 20-year, 5% callable bonds on march 1, 20y2, at their face amount, with interest payable on march 1 and september 1. the fiscal year of the company is the calendar year. journalize the entries to record the following selected transactions: 20y2 mar. 1 issued the bonds for cash at their face amount. sept. 1 paid the interest on the bonds. 20y4 sept. 1 called the bond issue at 102, the rate provided in the bond indenture. (omit entry for payment of interest.)
Bonds is a term or entity in the financial world to describe a form of fixed-income security that has its terms stipulated in an indenture or legal contract.Cash 20,000,000 was paid as the face amount.
Bonds Payable 20,000,000 and the Interest Expense 600,000 and then the Cash 600,000.
Bonds Payable 20,000,000
Loss on redemption on bond 400,000
Cash 20,400,000
Bond is a debt instrument and a callable bond gives the issuer of the bond the right but not the obligation to call the bond when certain situations occur e.g. when interest rate increases.types of callable bonds
American style - callable anytimeEuropean style - callable at only specific timesBermudian styleBonds with a call option are riskier for investors than bonds without one since the investor who had their bond called frequently needs to reinvest their money at a lower, less desirable rate. Callable bonds frequently yield higher yearly returns as a result, offsetting the possibility that the bonds may be called early.
To learn more about Callable bonds refer to:
https://brainly.com/question/29351246
#SPJ4
Blue Spruce Corp. experienced a fire on December 31, 2017, in which its financial records were partially destroyed. It has been able to salvage some of the records and has ascertained the following balances. Cash Accounts receivable (net) Inventory Accounts payable Notes payable Common stock, $100 par Retained earnings December 31, 2017 35,400 78,500 206,200 50,200 39,100 404,400 117,300 December 31, 2016 13,800 134,700 181,400 97,900 67,000 404,400 107,700 Additional information: 1. The inventory turnover is 6.2 times. 2. The return on common stockholders' equity is 18%. The company had no additional paid-in capital. 3. The accounts receivable turnover is 13.0 times. 4. The return on assets is 19% 5. Total assets at December 31, 2016, were $611,500 Compute the following for Blue Spruce Corp.. (Round all answers to O decimal place, e.g. 2,150.) (a) Cost of goods sold for 2017 (b) Net credit sales for 2017 (c) Net income for 2017 (d) Total assets at December 31, 2017
(a) 2017 cost of goods sold: $1,201,560 (b) 2017 net credit sales: $1,385,800 (c) 2017 net income: $93,042 (d) 2017 total assets at December 31, 2017: $367,890
(a) Average inventory = (181,400 + 206,200)/2 = $193,800 Inventory turnover = Cost of goods sold/Average inventory 6.2 = Cost of goods sold / 193,800
Cost of goods sold = $1,201,560
(b) Average accounts receivable = (134,700+78,500)/2 = $106,600. Accounts receivable turnover = Net Credit sales / Average accounts receivable 13 = Net Credit sales / 106,600
Net Credit sales = $1,385,800.
(c) Average stockholders equity = (Beginning stockholders equity + Ending stockholders equity)/2 = (512,100+521,700)/2 = $516,900
Return on common stockholders equity = Net Income / Average stockholders equity 18% = Net Income/516,900
Net Income = $93,042 Beginning stockholders equity = Common stock + Retained earnings = 404,400+107,700 = $512,100
Ending stockholders equity = Common stock + Retained.
(d) Return on assets = net income divided by average total assets (19 percent) = 93,042
Average total assets = $489,695 Average total assets = (Beginning total assets + Ending total assets)/2 489,695 = (611,500+Ending total assets)/2 Ending total assets = $367,890.
To learn more about Average inventory here:
https://brainly.com/question/28316183
#SPJ4
Slavery had a disruptive impact on the traditional political parties and immediately caused political transformation in the mid-1850s. Identify the economic and social changes that led to the rise of the Republican Party.
completion of the market revolution and industrialization
mass immigration from Europe
industrial economy
Mass migration from Europe, the completion of industrialization, the market revolution, and an industrialized economy were a few of the economic and social factors that contributed to the growth of the Republican Party.
The market revolution brought unprecedented economic expansion and personal prosperity, but it also gave rise to a rising lower class of propertyless laborers and a string of cataclysmic depressions known as "panics." Many Americans struggled to make ends meet while working for pitiful pay.
The Market Revolution, which took place in the first half of the 19th century and was largely attributed to the industry's widespread mechanization as well as the expansion and integration of numerous domestic and international economic markets, represented a fundamental change in the American economy.
To learn more about the market revolution
https://brainly.com/question/8679631
#SPJ4
assume that banks hold no excess reserves. a decrease in the required reserve ratio will cause total reserves in banks, the money multiplier, and the money supply to change in which of the following ways?
Decreasing the ratios leaves depositories at the beginning with excess reserves, which can result in an enlargement of bank credit score and deposit stages and a decline in pastime rates.
Because banks earn enormously little pastime on their reserves held on savings with the Federal Reserve, we shall assume that they seek to hold no excess reserves. When a bank's extra reserves equal zero, it is loaned up.
How does the money multiplier impact cash supply?Banks create cash by using making loans. A financial institution loans or invests its extra reserves to earn extra interest. A one-dollar enlarge in the financial base reasons the cash provide to make bigger through greater than one dollar. The expand in the money furnish is the cash multiplier.
What takes place to the money provide when the money multiplier decreases?Money Supply Reserve Multiplier Example
If banks are lending greater than their reserve requirement allows, then their multiplier will be higher, creating extra money supply. If banks are lending less, then their multiplier will be decrease and the cash provide will additionally be lower.
Learn more about money multiplier, and the money supply here:
https://brainly.com/question/15967940#SPJ4crypto exchanges function similarly to online brokerage platforms, providing you with the tools you need to buy and sell digital currencies and tokens like bitcoin, ethereum, and dogecoin.
Crypto exchanges function similarly to online brokerage platforms, providing you with the tools you need to buy and sell digital currencies and tokens like Bitcoin, Ethereum, and Dogecoin.
On the peer-to-peer bitcoin network, bitcoins, a decentralised digital money, may be transferred. Blockchains are open distributed ledgers that are used by network nodes to verify bitcoin transactions using encryption.
The first cryptocurrency was created in 2008 under the pseudonym Satoshi Nakamoto by an unidentified person or group of individuals. The currency was first put into use in 2009 when its implementation was made available as open-source software. In a white paper released on October 31, 2008, the term "bitcoin" was defined.
To know more about Bitcoin here-
https://brainly.com/question/29627571
#SPJ4
which of the following statements are correct? contracts are complete in both competitive goods markets and labour markets. social norms do not affect the outcomes in either goods markets or in labour markets. in a competitive goods market the buyers are price-takers, while in a labour market the buyers of employment (the firms) are price-setters. there is no economic rent for either the buyers or the sellers in competitive goods markets. in contrast, in labour markets the sellers receive economic rents.
Contracts are complete in both competitive goods markets and labour markets.
What are the key distinctions between the labor market and the market for goods?There are two components to the model of the whole economy: The labor market: Here, the emphasis is on the interaction between employers and employees as well as how HR determines pay. The product market: Here, the emphasis is on the interactions between businesses and their clients as well as how the marketing division determines prices.
Which two key distinctions between a market economy and a command economy?Private ownership is used in market economies, along with voluntary transactions and contracts, as a means of production. Supply and demand determine prices in a market economy.
To know more about competitive goods visit :
https://brainly.com/question/20348137
#SPJ4
lem is looking at new cars. each one he sees has a certain trim detail across the hood which he somewhat likes at the start of the day. at the end of the the day, he starts to really like the detail. his opinion is influenced by the .
Lem is considering new vehicles. At the beginning of the day, he kind of enjoys the trim detail that is there on the hood of each one he sees. He is swayed by the short channel effect in his judgment.
What is a simple exposure effect example?Simply put, the Confined To a single Effect is the phenomenon whereby people favor others or things just because they are accustomed to them. Babies, for instance, grin more at those who smile at them.
Is merely being exposed harmful?While the short channel effect strongly increases liking for novel, connotation-neutral stimuli, this research implies that repeated exposure may exacerbate originally negative attitudes by amplifying these adverse affective experiences.
To know more about mere exposure efect visit:
https://brainly.com/question/7369098
#SPJ4
A manufacturer considers his production process to be out of control when defects exceed 3%. In a random sample of 85 items, the defect rate is 5.9% but the manager claims that this is only a sample fluctuation and production is not really out of control. At the 0.01 level of significance, test the manager's claim.
Null Hypothesis:
Alternative Hypothesis:
Test Statistic:
P-Value
Is the Null Hypothesis rejected?
Final Conclusion
The manager's claim probability considering the manufacturer is 0.069.
What is manufacturing?Manufacturing is process of creating or producing items with aid of resources such as machinery, manpower, tools, chemicals, or biological formulations. It is the core of the economy's secondary sector. The phrase can be used to describe a variety of human endeavors, from handicraft to high-tech, but it is most frequently used to describe industrial design, which entails massive transformation of raw materials from primary sector into completed commodities. Such items may be delivered via the tertiary industry to final users and customers or sold to other manufacturers for the creation of other, more sophisticated products. Manufacturing engineering is the branch of engineering that plans and improves the manufacturing process, or the stages that turn raw materials into finished goods.
85*0.059=5 defects use binomial probability 5 or defects in 85 given that rate is 3%.
That is nCx = (probability of failure^x)(probability of success^(n-x)) 85C5(.03^5)(.97^80)=0.069
To learn more about manufacturing, visit:
https://brainly.com/question/13740503
#SPJ4
Design Interior's stock has an expected return of 10% and a beta of 1.1. The market return is 9.5% and the risk-free rate is 2.0%. This stock is ________ because the CAPM return for the stock is ________%.
Multiple Choice
O greatly overvalued; 13.45
O slightly overvalued; 10.25
O priced correctly; 9.5
O slightly undervalued; 10.25
O greatly undervalued; 13.45
The predicted return on Design Interior's stock is 10%, and its beta is 1.1. The risk-free rate is 2.0%, whereas the market return is 9.5%. Given that the CAPM return on this stock is 10.25 percent, it is slightly overvalued .
All the shares by which ownership of a corporation or company is split constitute stock (also known as capital stock) in the world of finance. (Stocks is another synonym for shares, especially in American English.) A single share of stock represents a portion of the corporation's ownership in relation to the total number of shares. This typically confers the stock shareholder (stockholder) with the right to a certain percentage of the company's earnings, proceeds from the sale of company assets (after all senior claims, such as secured and unsecured debt, have been satisfied), or voting rights, with these rights frequently being distributed in accordance with the amount of money that each stockholder has invested. As there are several classifications of stock, not all stocks are created equal.
R = Rf+ B(Rm-Rf)
Where,
Rf = Risk Free Return
B= Beta
Rm = Market rate of return
Rm-Rf= Risk Premium
=0.02+1.1*(0.095-0.02)
=0.02+1.1*(0.075)
=10.25 %
Expected return = 10%
Expected return in less than required return hence stock is overvalued.
slightly overvalued; 10.25
Learn more about stock here
https://brainly.com/question/28663581
#SPJ4
tyler oil offers a profit-sharing plan to its employees. each year, tyler oil distributes total annual profits less taxes among employees based on employee merit ratings. which of the following is most likely used by tyler oil?
profit/income sharing. a diagram that lets in personnel to receive a element of the company's income at the cease of the company year. The greater profits the company makes. the extra the enterprise has to share w/ employees.
What is the reason of a income sharing plan?A profit-sharing design is a retirement sketch that permits an corporation or agency proprietor to share the profits in the business, up to 25 percent of the company's payroll, with the firm's employees. The organization can determine how plenty to set aside each year, and any size enterprise can use the plan
Contribution limits for profit-sharing plans are the same as those that practice to all defined contribution plans.
Learn more about profit sharing plan here:
https://brainly.com/question/26764420#SPJ4labor unions strive to negotiate pay and working conditions that benefit their members. these goals are most often achieved when the union .
When the union strikes, these objectives are frequently accomplished.
A strike means what?A planned halt to work or withdrawal of services by employees, either in support of a worker's demand or in opposition to an employer's terms or conditions. a brief cessation of something. Known also as a strike plate.
Why do individuals strike?The main issues with strikes are wages and improved working conditions. Corporations will be able to increase profits without the prospect of a strike, while labor conditions deteriorate. Strike is one of their options for negotiating. Sometimes, the only remaining lawful choice is to strike.
To know more about strike visit:
https://brainly.com/question/15682316
#SPJ4
nala inc. reported deferred tax assets and deferred tax liabilities at the end of 20x4 and at the end of 20x5. according to fasb 109, for the year ended 20x5, nala should report deferred income tax expense or benefit equal to the sum of the net changes in deferred tax assets and deferred tax liabilities. decrease in the deferred tax assets. increase in the deferred tax liabilities. amount of income tax liability, plus the sum of the net changes in deferred tax assets and deferred tax liabilities.
Sum of the net changes in deferred tax assets and deferred tax liabilities.
Total income tax expense = 20=current tax expense deferred tax expense=$18+$2The $2 deferred tax expense equals the increase in the deferred tax liability of $5, less the increase in the deferred tax asset of $3.Tax liability is the total quantity of tax debt owed to a central authority through an man or woman, organisation, or other entity. earnings taxes, sales tax, and capital profits tax are all kinds of tax liabilities. Taxes are imposed through numerous taxing authorities, such as federal, state, and neighborhood governments. You had no tax legal responsibility for the earlier year if your general tax was 0 or you did not should record an profits tax go back. Your general tax changed into 0 if the road labeled "general tax" on shape 1040, U.S. man or woman profits Tax go back or form 1040-SR, united states of americaTax go back for Seniors turned into zero.
you can discover your tax legal responsibility on lines 37 and 38 of the 2022 IRS shape 1040 while you've completed it. The IRS every now and then tweaks the form 1040, however you'll locate the facts on those equal lines on your 2021 return as well.
Learn more about tax liabilities here: https://brainly.com/question/25641320
#SPJ4