Answer:
The duration of the bond is 5.8 years
Explanation:
Given that :
Current price of a bond $1,050
Yield on the bond = 7% = 0.07
If the yield increases 23 basis points, the price of the bond will go down to $1,037
The objective is to determine the duration of the bond.
In order to determine the duration of the bond; we need to first find the change in percentage of the price. Afterwards, this is find the modified duration which quantify the change in percentage in the market price for every change in the yield to maturity. Then finally to the determination of the duration of the bond.
Mathematically;
Percentage change in price = [tex]\dfrac{new \ price - old \ price }{old \ price}[/tex]
Percentage change in price =[tex]\dfrac{1037 - 1050 }{1050}[/tex]
Percentage change in price =[tex]\dfrac{-13 }{1050}[/tex]
Percentage change in price = −0.01238
Percentage change in price ≅ - 0.0124
Percentage change in price = - 1.24%
Let recall from the knowledge of our basis points which say;
1 basis point = 1/100
Therefore ; given that if he yield increases 23 basis points, then we have:
23 basis point = 23/100 = 0.23
The modified duration = [tex]\dfrac{percentage \ change \ in \ price }{ change}[/tex]
The modified duration = [tex]\dfrac{1.24 }{0.23}[/tex]
The modified duration = 5.3913 years
Finally, The duration of the bond = Modified duration × (1 + Yield to Maturity)
The duration of the bond = 5.3913 × (1 + 0.07)
The duration of the bond = 5.3913 × 1.07
The duration of the bond = 5.768691 years
The duration of the bond ≅ 5.8 years
Q 8.25: Both Fowler Landscaping and Stanley Cleaning Services have estimated their uncollectible accounts for 2018 to be $3,500. In addition, both companies use the allowance method for uncollectible accounts. If Stanley Cleaning Services has to record a larger adjusting entry for their Allowance for Doubtful Accounts account at the end of 2017, what can you assume about the balance of the Allowance for Doubtful Accounts account for each company
Answer:
If both companies have similar bad debt expenses, but the adjustment entries vary, that means that the ending balances (for 2017) of the allowance for doubtful accounts was different.
Explanation:
For example, the ending balances (2017) for the allowance for doubtful accounts for both firms were:
Fowler Landscaping: $500 debit balance
Stanley Cleaning Services: $500 credit balance
the adjustment entry for Fowler Landscaping:
December 31, adjustment entry for bad debt expense
Dr Bad debt expense 4,000
Cr Allowance for doubtful accounts 4,000
the adjustment entry for Stanley Cleaning Services:
December 31, adjustment entry for bad debt expense
Dr Bad debt expense 3,000
Cr Allowance for doubtful accounts 3,000
Thompson Company had $1,000 in office supplies at the beginning of the fiscal year. At the end of the fiscal year, Thompson Company did an inventory of the office supplies and determined that $300 of supplies remained in the supply room unused. What is the amount of Supplies Expense at the end of the fiscal year?
Answer: Amount of supplies expense = $700
Explanation:
Given the following :
Amount of supplies at the beginning of the year = $1000
Amount of supplies which remained unused = $300
Amount of supplies expense at the end of the fiscal year = Amount of used supplies
Amount of used supplies = (amount of supplies at beginning - amount of unused supplies)
Amount of used supplies = ($1000 - $300)
Amount of used supplies = $700
Therefore, amount of supplies expense = $700
Loan X has a principal of $10,000x and a yearly simple interest rate of 4%. Loan Y has a principal of $10,000y and a yearly simple interest rate of 8%. Loans X and Y will be consolidated to form Loan Z with a principal of $(10,000x + 10,000y) and a yearly simple interest rate of r%, where r = (4x+8y)/(x+y). In the table, select a value for x and a value for y corresponding to a yearly simple interest rate of 5% for the consolidated loan. Make only two selections, one in each column.
..........X..........Y..........Value
(A)..............................21
(B)..............................32
(C)..............................51
(D)..............................64
(E)..............................81
(F)..............................96
Answer:
X = 96 and Y = 32
Explanation:
Data provided in the question
X amount = 4%
Y amount = 8%
Now based on this the equation is
r = (4x + 8y) ÷ (x+y)
Now put 5% at the rate place
The x and y is
5 = (4x + 8y) ÷ (x + y)
5x + 5y = 4x + 8y
x = 3y
Now looking the options as we can see that if X = 96 so Y would be 32
Therefore X = 96 and Y = 32
Two technicians are discussing the hvac r fild. Technician a says that industry codes that require certain types of installation practice carry the forced of law with them technician b say that ansi is a organization's that estblis codes for the hvac/r fild
Answer: Technician B is correct.
Explanation: It should be noted that, that ansi is a organization's that establishes codes for the hvac/r fild. Therefore, the position of technician a that says industry codes that require certain types of installation practice carry the forced of law with them is wrong.
A customer opens a long margin account with only 1 position, consisting of 100 shares of ABC stock valued at $20 per share. There is no debit balance in the account. If the customer buys 100 shares of XYZ at $60 per share, the margin call will be
Answer:
The margin call will be $6,000.
Explanation:
Since there is no debit balance in the customer's margin account, it implies that the customer is not owing the broker on margin. The additional purchase of the 100 shares of XYZ necessitates the margin call by the broker for the customer to fund his margin account by paying additional funds worth $6,000 to cover the purchase of XYZ shares by the broker on his behalf.
A margin account is an account maintained by a broker on behalf of his customer through which the customer is able to buy and sell securities using his own funds and the broker's. The implication is that the customer's equity in the account is equal to the market value of the securities minus the borrowed funds from the broker.
Your accountant tells you that if you can continue to earn the current interest rate on your balance of $750 for the next three years, you will have $944.78 in your account. If your accountant is correct, then what is the current interest rate
Answer: 8%
Explanation:
current balance = $750
Period = 3years
Final amount at the end of the third year = $944.78
Rate =?
Using the compound interest formula :
A = P( 1 + r/n)^nt
Where : A= final amount plus interest
P = principal amount
r = interest rate
t = period
n = number of compounding periods per year = 1
A = P( 1 + r)^t
944.78 = 750(1 + r)^3
Divide both side by 750
944.78/750 = (1+r)^3
1.2597 = (1+r)^3
Take the cube root of both sides
1.07999 = 1+r
r = 1.07999 - 1
r = 0.07999
r = (0.07999) * 100%
r = 7.999% = 8%
Hector Company gathered the following reconciling information in preparing its March bank reconciliation: Cash balance per books, 3/31$12,000 Notes receivable collected by bank6,000 Outstanding checks9,000 Deposits in transit4,500 Bank service charge75 NSF check1,200 Using the above information, determine the adjusted cash balance for March. a.$7,500 b.$16,725 c.$15,500 d.$12,225
Answer: $16,725
Explanation:
Given the following :
Cash balance per books for March = $12,000
Notes receivable collected by banks = $6000
Bank service charge - $75
Non-sufficient fund (NSF) check - $1200
Therefore, Adjusted cash balance for March:
(balance per books + notes receivable - bank service charge - NSF check)
$(12,000 + 6,000 - 75 - 1200)
$(18000 - 1275)
= $16,725
During the month of April, it is permissible for an institution's basketball coach to lecture at a non institutional, privately owned basketball camp that is operated under restrictions applicable to institutional camps. True or False
Answer:
False
Explanation:
Since in the question, it is given that in the month of April there is the permission of basketball coach for lecturing at non-institutional camp i.e private owned but it is operated under the restrictions i.e to be applied for only institutional camps
Since it is applicable for only institutional camps but he coached to non-institutional, privately owned
so the given statement is false
The risk-free rate of return is 5%, the required rate of return on the market is 10%, and High-Flyer stock has a beta coefficient of 1.5. If the dividend per share expected during the coming year, D1, is $2.50 and g = 4%, at what price should a share sell? (Do not round intermediate calculations. Round your answer to 2 decimal places.
Answer:
$ 29.41
Explanation:
The first is to calculate the investor's required rate of return on the stock as shown below:
Ke=Risk-free rate+Beta*(return on the market-Risk-free rate)
Risk-free rate is 5%
Beta is 1.5
return on the market is 10%
Ke=5%+1.5*(10%-5%)=12.50%
The stock price formula is given below
stock price=D1/Ke-g
D1 is the expected dividend of $2.50
Ke is 12.50%
g =4%
Stock price=2.50/(12.50%-4%)=$ 29.41
Answer:
Explanation:
k=Rf+B(E[r]-Rf): k=5%+1.5(10$-5%)=12.5%
V=2.4/(12.5%-4%)= 30
Grayson was employed as a field technician servicing building HVAC systems, but because of a downturn in the economy, he was laid off from his job. After unsuccessfully trying to secure another field tech position, Grayson finally took a job as a stock employee at Home Depot. Which of the following best describes Grayson's situation?
A. Grayson is underemployed.
B. Grayson is seasonally unemployed.
C. Grayson has downsized.
D. Grayson has secured job enrichment.
Answer:
A. Grayson is underemployed.
Explanation:
Underemployed defines that when a person is skilled but not able to utilize their ability and skills for some reason or not get enough money for it.
Therefore according to the given scenario, Grayson was skilled in the filed of technician but unfortunately because of economy Garyson was laid off by the company. After trying a lot to get the job in his field he was unsuccessful then he pick a job of stock employment which indicates that field is not of his use as it is of another field or Grayson is underemployed.
So, from the above description the right answer is A
Under a flexible exchange rate system a decline in the value of a currency relative to other currencies is a called a(n) _______ and under a fixed exchange rate system a decrease in the official value of a currency is called a(n) ________.
Answer:
Depreciation:devaluation.
Explanation:
Under a flexible exchange rate system a decline in the value of a currency relative to other currencies is a called a depreciation. This could be as a result of factors such as government monetary policies, varying interest rates, aversion of risks by investors, inflation etc.
On the other hand, under a fixed exchange rate system a decrease in the official value of a currency is called a devaluation. This is mainly due to the government monetary policy, so as to shore up the export of a country and to improve foreign trade.
Distinguish among operating, investing, and financing activities for the statement of cash flows indirect method) Aurum Investments specializes in low-risk government bonds. Identify each of Aurum's transactions as operating (O), investing (I), financing (F), noncash investing and financing (NIF), or a transaction that is not reported on the statement of cash flows (N). Indicate whether each item increases (+) or decreases (minus) cash. The indirect method is used for operating cash flows.
A. Acquisition of equipment by issuance of note payable
B. Purchase of long-term investment with cash
C. Issuance of long-term note payable to borrow cash
D. Increase in prepaid expenses
E. Decrease in accrued liabilities
F. Loss of sale of equipment
G. Decrease in accounts receivable
H. Depreciation of equipment
I. Increase in accounts payable Amortization of intangible assets
K. Purchase of treasury stock
L. Payment of long-term debt
M. Increase in salary payable
N. Cash sale of land
O. Sale of long-term investment
P. Acquisition of building by cash payment
Q. Net income
R. Issuance of common stock for cash
S. Payment of cash dividend
Answer:
A. noncash investing and financing (NIF)
B. investing (I), decreases (minus)
C. financing (F), increases (+)
D. operating (O), decreases (minus)
E. operating (O), increases (+)
F. operating (O), increases (+)
G. operating (O), increases (+)
H. operating (O), increases (+)
I. operating (O), increases (+)
J. operating (O), increases (+)
K. financing (F), decreases (minus)
L. financing (F), decreases (minus)
M. operating (O), increases (+)
N. investing (I), increases (+)
O. investing (I), increases (+)
P. investing (I), decreases (minus)
Q. operating (O), increases (+)
R. financing (F), increases (+)
S. financing (F), decreases (minus)
Explanation:
Operating Activities includes the Net Income and adjustments to the net income for (1) non-cash items previously included or deducted and (2) changes in working capital.
Investing Activities includes sale and investments in Property , Plant and Equipment items.
Financing Activities includes sale of ownership interest and aquisition of financing sources.
To answer this question, the cash flow from operating activities, cash flow from investing activities, and cash flow from financing activities are first as explained.
Cash flow from operating activities represents the revenue generated by a company's ongoing, routine business activity, such as manufacturing and selling things or providing a service to clients.
On a company's cash flow statement, cash flow from operating activities is the first section shown they comprise of net Income, as well as revisions to net Income for previously included or subtracted non-cash items and changes in working capital.
Cash flow from investing activities refer to the cash generated or expended on non-current assets that are expected to yield a profit in the future.
Capital expenditures, lending money, and the sale of investment securities are examples of cash flow from investing activities.
Cash flow from financing activities portion of a company's cash flow statement illustrates the net cash flows used to finance the business.
Examples of cash flow from financing activities include sales of shares, issue of debentures, and among others.
As a result of the above explanation, we have:
A. Acquisition of equipment by issuance of note payable = NIF
B. Purchase of long-term investment with cash = I-
C. Issuance of long-term note payable to borrow cash = F+
D. Increase in prepaid expenses = O-
E. Decrease in accrued liabilities = O-
F. Loss of sale of equipment = O+
G. Decrease in accounts receivable = O+
H. Depreciation of equipment = O+
I. Increase in accounts payable = O+
J. Amortization of intangible assets = O+
K. Purchase of treasury stock = F-
L. Payment of long-term debt = F-
M. Increase in salary payable = O+
N. Cash sale of land = I+
O. Sale of long-term investment = I+
P. Acquisition of building by cash payment = I-
Q. Net income = O+
R. Issuance of common stock for cash = F+
S. Payment of cash dividend = F-
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Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following information is available for the current period:
Office Expenses Total Allocation Basis
Salaries $ 42,000 Number of employees
Depreciation 22,000 Cost of goods sold
Advertising 45,000 Net sales
Item Drilling Grinding Total
Number of employees 1,200 1,800 3,000
Net sales $ 340,000 $ 510,000 $ 850,000
Cost of goods sold $ 95,000 $ 155,000 $ 250,000
The amount of the total office expenses that should be allocated to Drilling for the current period is:
A. $71,600.
B. $43,160.
C. $109,000.
D. $600,000.
$53,000.
Answer:
Total Office expense allocated to Drilling for this current period is $43,160
Explanation:
Office expense allocation to Drilling
Salaries = $42,000 x 1200 employees/3000 total employee = $16,800
Depreciation = $22,000 x $95,000/ $250,000 total COGS= $8,360
Advertising = $45,000 x $340,000/ $850000 total Sales = $18,000
Total Office expense allocated to Drilling= $43,160
Cajun Cookin' sits on a large landscaped lot. Brian and Sondra have a contract with Lovely Landscapes to mow the lawn and take care of the landscape. They pay $200 per month for this service. After two weeks had gone by with no service, Brian called the company only to find out that the owner and the crew had decided to take a vacation and would not be back to do the landscaping for another two weeks. Lovely Landscapes:
Options:
A.) has discharged its obligation to Brian.
B.) is liable for specific performance.
C.) will likely have to pay Brian damages if Brian decides to sue them.
D.) will not likely have to pay Brian damages if Brian decides to sue them.
Answer: C.) will likely have to pay Brian damages if Brian decides to sue them.
Explanation: According to the information presented in the scenario above, Lovely Landscapes are contracted to Brian and Soria and as such responsible for mowing the lawn of Brian's landscape. Lovely landscape's failure to show up or contact Brian and Soria explaining why they won't be able to fulfil their contract terms could be attached to a breach of contract which could involve Lovely Landscapes paying Brian and Soria damages for their no-show if Brian intends to pursue a case or sue Lovely landscapes.
When Alice is assigned to host a work party for 100 employees with a modest $200 budget, she needs to be innovative and imaginative. In order for Alice to host a successful work party, she will need to utilize _____ intelligence.
Answer:
Creative intelligence
Explanation:
From the information given:
For Alice to be successful in hosting the work party. She needs her innovation and imagination to be grounded with Creative Intelligence. Creative intelligence is an iterative process that contains three major steps. These are ; frame, create and deliver
Frame deals with understanding the concept i.e having an imagination of what your are about to carry out.
Create: This is where the ideas,views and perspectives comes into play with different innovations such as scalability of products , automation etcetera.
Deliver; The implementation and monitoring stage where all the aim, goals and objectives are being attained.
Most creativity is social, just like connecting the dots. As such creative intelligence lies by connecting with people.
If Alice can utilize the above steps of Creative Intelligence; she will host a successful work party for 100 employees with a modest $200 budget.
Vernon Inc. would like to set the best price for a new product. The firm conducts an experimental study by selling the new product at two different prices in two different locations keeping other factors constant to see if a lower price results in better sales. This is most likely an example of ________ research.
When the firm conducts an experimental study by selling the new product at two different prices in two different location, this is most likely an example of casual research.
What is casual research?A causal Research refers to type of conclusive research a research that want to establish a cause and effect relationship between two or more variables in order to draw a conclusion.
Hence, the type of research done by the firm is an example of causal research.
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Juanita makes $30 an hour at work . She has to take time off work to purchase her suit, so each hour away from work costs her $30 in lost income. Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. Ignore the cost of gasoline and depreciation of her car when traveling.
Complete the following table by computing the opportunity cost of Juanita's time and the total cost of shopping at each location.
Store Opportunity Cost of Time (Dollars) Price of a Suit (Dollars per suit) Total Cost (Dollars)
Local Department Store ___________________ 114 _________
Across Town ___________________ 86 _________
Neighboring City ____________________ 60 _________
Assume that Juanita takes opportunity costs and the price of the suit into consideration when she shops. Juanita will minimize the cost of the suit of she buys it from the _____
Answer:
Juanita should purchase the suit at the store across town because the total economic cost will be lowest.
Explanation:
three options:
local store 15 minutes away and a price of $114across town 30 minutes away and a price of $86neighboring city 1 hour away and a price of $60Juanita makes $30 per hour at her work, and her purchase decision includes the opportunity cost of lost wages:
total economic cost:
local store = $114 + [1/4 hours x 2 (round trip) x $30] + (1/2 hours x $30 spent shopping) = $144across town = $86 + [1/2 hours x 2 (round trip) x $30] + (1/2 hours x $30 spent shopping) = $131neighboring city = $60 + [1 hour x 2 (round trip) x $30] + (1/2 hours x $30 spent shopping) = $135Juanita should purchase the skirt at the store across town because the total economic cost will be lowest ($131)
Opportunity costs are the benefits lost or extra costs incurred for choosing one activity or investment over another alternative. Economic costs include both accounting costs and opportunity costs.
Based on the information given, the opportunity cost of time in the local department store will be $144.
Solving the opportunity cost.The opportunity cost of time across town will be:
= 1.5 × 30 = $45.
The total cost will be:
= $45 + $86 = $131
The opportunity cost of time in the neighboring city will be:
= 2.5 × 30 = $75
The total cost will be:
= $75 + $60 = $135
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A poultry farmer is debating whether to acquire Rhode Island Reds or Buff Orpingtons to lay the eggs he wants to sell. The fixed costs for the Buffs would be $7500 and the variable costs per egg would be a dime per egg. The Reds would have a fixed cost of $6000 and a variable cost of fifteen cents. At what level of egg production would the poultry farmer be indifferent between Rhode Island Reds and Buff Orpingtons
Answer:
30,000
Explanation:
$7500 + 0.1x = $6000 + 0.15x
collect like terms and solve for x
$7500 - $6000 = 0.05x
x = 30,000
________, which indicates free enterprise in the hands of the self-employed, was a contributory factor to the economic growth of newly industrialized countries (NICs). Multiple Choice Entrepreneurship Expropriation Privatization Socialization Nationalization
Answer: entrepreneurship
Explanation:
Entrepreneurship is the act of running a business despite the risk involved with the aim of making profit. The role of entrepreneurship in every economy cannot be understated.
It is a contributory factor to the economic growth of newly industrialized countries as it provides job opportunities, brings about economic growth and increase in welfare to the people.
The cost method that will yield an ending inventory that is closer to current prices is the a.FIFO inventory cost method. b.LIFO inventory cost method. c.specific identification inventory cost method. d.weighted average inventory cost method.
Answer: a.FIFO inventory cost method
Explanation: The First-In-First-Out inventory costing method involves applying the price associated with the oldest inventory purchase to goods sold. When the FIFO inventory method is used, when the number of goods purchased for the oldest inventory is exhausted, the cost of goods sold is then associated with the next oldest inventory. With these cost inventory method, the ending inventory always moves closer to the current prices of goods since the older inventory cost is applied first.
Which of the following may be deductible in 2019? a.Fines paid for violations of the law. b.Interest on a loan used in a hobby. c.Bribes that relate to a U.S. business. d.All of these choices are correct. e.None of these choices are correct.
Answer:
b.Interest on a loan used in a hobby.
Beef Burgers, Inc. contracts to buy five hundred head of cattle from Cattle Ranch. Before the seller delivers, an outbreak of disease causes a quarantine of the ranch. In this circumstance, the perfect tender rule:________.
A) applies to both parties.
B) no longer applies.
C) applies only to Beef Burgers.
D) applies only to Cattle Ranch.
Answer:
B) no longer applies.
Explanation:
Based on the information given the perfect tender rule will NO LONGER APPLIES because the seller which is Cattle Ranch is yet to deliver the cattle to Beef Burgers, Inc before the outbreak of the disease causes a quarantine of the ranch, which is why the perfect tender rule states that a buyer is only permitted to reject goods that is been delivered to him or her from a seller only in a situation where the seller's delivered the goods in way that are not perfect or that does not meet the contract agreement between both the buyer and the sellers or in a situation where the goods did not conform to the description which may make the buyer to legally reject the goods delivered.
Therefore based on above scenario between Beef Burgers, Inc the buyer and Cattle Ranch the perfect tender rule will NO LONGER APPLIES .
In Appellia, it takes 10 units of resources to increase its output of sugar from 12 tons to 13 tons, but 11 units of resources to increase output from 13 tons to 14 tons, and 12 units of resources to increase output from 14 tons and 15 tons, and so on. The need for increasing resources is an example of
Answer:
diminishing returns to specialization
Explanation:
The law of diminising returns states that with each additional unit of input used in the production process, there will be a point at which additional unit of input will result in less output. Marginal output starts to decrease.
In the given scenario it takes 10 units of resources to increase its output of sugar from 12 tons to 13 tons, but 11 units of resources to increase output from 13 tons to 14 tons, and 12 units of resources to increase output from 14 tons and 15 tons.
There is need of 10 units of input to increase one unit of output, then we need 11 units to do the same, and finally 12 units to increase output by 1.
This is an example of how input increase loses efficacy and it is an example of diminishing returns to specialization.
The statement made by Lynn Turner, former SEC chief accountant, "Are the auditors going to serve management, or are they going to serve the best interests of the investing public?", refers to concerns about:
Answer:
The correct answer is "Conflict between professionalism and commercialism".
Explanation:
As a professional service rather than partnership presents a condition that may impede the implementation including its independent review-this statement generates possible interest confliction as the impairment of the conclusion of the investigation contributes to the violation of conduct.A professional service produces a condition that may well compromise impartial judgment - The journalistic integrity of an external auditor should not be compromised according to the standard prohibition claim. This can then cause friction.So that the given statement refers to the above solution.
Frames, Inc. manufactures large wooden picture frames. Each frame requires $19 of direct materials and $40 of direct labor. Variable manufacturing overhead cost is $9 per frame produced, and variable selling and administrative expense is $13 per frame sold. The company produces 5,000 units each month and total fixed manufacturing overhead cost per month is $15,000. The unit product cost of each frame using variable costing is:_______.
Answer:
Unitary production cost= $68
Explanation:
Giving the following information:
Each frame requires $19 of direct materials and $40 of direct labor. Variable manufacturing overhead cost is $9 per frame produced.
The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).
Unitary production cost= 19 + 40 + 9= $68
How does merit pay differ from a bonus? Group of answer choices A bonus becomes part of an employee's base pay, but merit pay does not. A bonus is linked to individual performance, while merit pay is linked to team performance. Merit pay is linked to individual performance, while a bonus is linked to team performance. Merit pay becomes part of an employee's base pay, but a bonus does not.
Answer: Merit pay becomes part of an employee's base pay, but a bonus does not.
Explanation:
A merit is an increase in the salary of an employee due to the employee's performance, dedication and hardwork towards his or her job and it is becomes part of the base pay of the employee.
A bonus is a financial compensation that is given to a worker. It should be noted that the bonus is usually a one time payment and doesn't become part of a worker's pay.
QUESTION 1
All of the following are barriers to entering global markets EXCEPT:
A. Protectionism
B. Restrictions on trans-border data flow
C. Protection of intellectual property
D. FDA regulations on imported products
E. Cultural barriers and adaptation
Help ASAP!!!!!
Answer:
D. FDA regulations on imported products
Explanation:
The barriers to entering global markets are; protectionism, restrictions on trans-border data flow, protection of intellectual property and cultural barriers and languages. Most counties that uses the aforementioned does so basically to protect their home industries from foreign competition and also to safeguard the interest and wellbeing of its citizenry. However, no country can stand on its own as countries have comparative advantages over each other in production of certain products.
With regards to the above, FDA(food and drug adminstration) regulations on imported product is not a barrier to entering global market. FDA are body that makes regulations that all imported products must meet the same standard as the local goods hence must be safe to eat, pure, wholesome and manufactured under clean conditions. It also state that drugs, cosmetics must be produced from approved materials hence must meet standards already established by the board. They are basic requirements that must be meet before foreign products are allowed into the country.
________________ focuses on explaining the differences between planned and actual contribution margins. a.Contribution margin analysis b.The unit cost factor c.The quantity factor d.The unit price factor
Answer: A.) Contribution Margin analysis
Explanation: The contribution margin analysis could be explained as an analytical tool in accounting which helps managers in observing variation or differences in the budgeted and actual contribution margin of a product. The contribution margin is used to determine the revenue made on a product after deducting the fixed cost incurred in it's production. It is also used to evaluate the performance of individual product derived from the amount of residual profit after deducting necessary production cost.
A company bought new heating system for $42,000 and was given a trade-in of $2,000 on an old heating system, so the company paid $40,000 cash with the trade-in. The old system had an original cost of $37,000 and accumulated depreciation of $34,000. If the transaction has commercial substance, the company should record the new heating system at:
Ted is risk manager of XYZ Company. He is concerned his company might be sued by current or former employees alleging wrongful termination, failure to promote, racial or gender discrimination, or sexual harassment. What type of liability insurance can Ted purchase to cover these types of claims
Answer: Employment-related practices liability insurance
Explanation:
Employment practices liability is a law that deals with wrongful termination, discrimination, sexual harrassment issues, invasion of privacy, breach of contracg, work time violations.
This rule was introduced to help employees to be able to have a say when being abused by their employers and also to help employees not to ride on employees but respect their choice of working for them, failure to do so on the side of each party would draw this law into action.