An integrated audit is composed of both a financial statement audit and an audit of internal control over financial reporting. Option c is answer.
This type of audit is designed to provide a more comprehensive assessment of the financial reporting process and to ensure that the financial statements are reliable and free from material misstatements.
Option a is false, as the requirement for an integrated audit may vary from country to country based on local laws and regulations.
Option b is partially true, as the International Auditing and Assurance Standards Board (IAASB) has issued standards related to integrated audits, but this does not necessarily mean that an integrated audit is required by the IAASB.
Option d is also false, as the American Institute of Certified Public Accountants (AICPA) is a professional organization that issues audit standards in the United States, but integrated audits are not specific to the AICPA standards.
Option c is the correct answer.
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Q2 Consider a country in the Malthusian world. Suppose there is an improvement in birth control technologies. Describe the dynamics of the population and income per capita in the country afterwards.
In a Malthusian world, population growth is constrained by limited resources, resulting in a stagnant income per capita. However, if there is an improvement in birth control technologies in a country, it would lead to a decrease in the birth rate, which would slow down the population growth rate.
With a slower population growth rate, the pressure on resources would reduce, and the income per capita would increase. As a result, people would have more resources available to them, and their standard of living would improve. This would also encourage further investment in education and healthcare, leading to long-term sustainable growth for the country. Overall, the improvement in birth control technologies in the Malthusian world would lead to a positive impact on both population dynamics and income per capita.
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The market price of a security is $44. its expected rate of return is 7%. the risk-free rate is 4%, and the market risk premium is 7%. what will the market price of the security be if its beta doubles (and all other variables remain unchanged)? assume the stock is expected to pay a constant dividend in perpetuity.
If the beta of the security doubles, its market price will decrease to $30.80.
The first step in solving this problem is to calculate the current expected dividend yield of the security. We know that the expected rate of return is 7% and the risk-free rate is 4%, so the market risk premium must be 7% - 4% = 3%. Using the capital asset pricing model (CAPM), we can calculate the expected dividend yield as follows:
Expected dividend yield = Risk-free rate + Beta x Market risk premium
Expected dividend yield = 4% + 1 x 3%
Expected dividend yield = 7%
Next, we can use the Gordon growth model to calculate the current market price of the security. The Gordon growth model assumes that the dividend will grow at a constant rate in perpetuity. We can rearrange the formula to solve for the current market price:
Market price = Dividend / (Expected rate of return - Dividend growth rate)
Market price = Dividend / (0.07 - 0)
Market price = Dividend / 0.07
Since we know that the expected dividend yield is 7%, we can assume that the dividend is $3.08 per share (44 x 7%). Therefore, the current market price of the security is:
Market price = $3.08 / 0.07
Market price = $44
Now, we can use the same formula to calculate the new market price of the security if its beta doubles. We know that all other variables remain unchanged, so the only difference is the beta. We can calculate the new expected dividend yield as follows:
New expected dividend yield = Risk-free rate + New beta x Market risk premium
New expected dividend yield = 4% + 2 x 3%
New expected dividend yield = 10%
Using the Gordon growth model with the new expected dividend yield, we can calculate the new market price of the security:
New market price = Dividend / (Expected rate of return - Dividend growth rate)
New market price = $3.08 / (0.1 - 0)
New market price = $30.80
Therefore, if the beta of the security doubles, its market price will decrease to $30.80.
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Which shift should occur if the Fed raises the discount rate?a) The aggregate supply curve should shift leftward.b) The aggregate supply curve should shift rightward.c) The aggregate demand curve should shift leftward.d) The aggregate demand curve should shift rightward.
If the Fed raises the discount rate, the correct shift that should occur is an option (d) the aggregate demand curve should shift leftward.
The discount rate is the interest rate that the Federal Reserve charges commercial banks to borrow funds. When the discount rate is raised, borrowing becomes more expensive, leading to a decrease in the money supply.
With a decrease in the money supply, there is a decrease in aggregate demand, which results in a leftward shift of the aggregate demand curve. This shift causes a decrease in both output and prices, leading to a contraction in the economy. Therefore, the Fed uses the discount rate as a tool to control inflation by decreasing aggregate demand.
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when you sell shares of a mutual fund, how do you determine the basis of the shares held? group of answer choices
The basis of shares held in a mutual fund is determined by the amount paid for the shares plus any reinvested dividends or capital gain distributions.
When you sell shares of a mutual fund, the basis of the shares held is important because it determines the number of capital gains or losses you will have to report on your tax return. The basis is generally determined by the amount paid for the shares, plus any reinvested dividends or capital gain distributions. This is known as the "cost basis" of the shares. If you acquired the shares through multiple purchases at different prices, then you will need to calculate the average cost basis of the shares. You can do this by adding up the total cost of all purchases and reinvested distributions and then dividing by the total number of shares held. It's important to keep accurate records of your purchases and reinvestments to ensure you are reporting on the correct basis and avoiding potential tax issues.
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TRUE/FALSE. Managers who recognize patterns and exceptions to patterns are able to manage change more effectively than managers who do not recognize these things.
True. Managers who recognize patterns and exceptions to patterns are able to manage change more effectively than managers who do not recognize these things.
This is because they can identify trends, anticipate issues, and adapt to new situations more efficiently.
Their responsibilities include:
Planning and organizing: Managers are responsible for developing strategies and plans for their departments or teams. They also organize resources, such as staff and equipment, to achieve their objectives.Staffing: Managers are responsible for hiring and training employees. They also delegate responsibilities and monitor performance.Controlling: Managers ensure that operations are running according to plan by monitoring progress and making adjustments when necessary.Leading: Managers motivate and inspire their teams to achieve their goals. They set an example for others to follow and provide guidance and support as needed.Communicating: Managers must effectively communicate with their teams, as well as with other departments and stakeholders. This includes sharing information, setting expectations, and resolving conflicts.Visit here to learn more about stakeholders brainly.com/question/30463383
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Which of the following statements about forecasting in general are false? (More than one answer) Sonuç: 0.00 / 7.00 Yanitiniz: For every forecasting problem, there is one best forecasting technique. In causal relationship forecasting, leading indicators are used to forecast occurrences. There are no differences in strategic and tactical forecasting. A forecast is a mathematical projection, and its ultimate purpose should make no difference to the analyst. A good forecaster is one who develops special skills and experience at one forecasting technique and is capable of applying it to widely diverse situations. Forecasting techniques generally assume an existing causal system that will continue to exist in the future. Exponential smoothing is always the best and most accurate of all forecasting models.
There are several false statements when it comes to forecasting in general. One of them is the belief that there is one best forecasting technique for every forecasting problem.
This is false because different situations require different techniques. Another false statement is that there are no differences in strategic and tactical forecasting. In reality, strategic forecasting is long-term and focuses on big-picture goals while tactical forecasting is short-term and more specific.
A forecast is also not just a mathematical projection, but it should take into account the ultimate purpose of the analysis. The purpose can be to inform decision-making, anticipate market trends, or manage inventory levels. Additionally, a good forecaster is not just someone who has experience with one technique but is capable of applying various techniques to different situations.
Furthermore, forecasting techniques cannot assume that an existing causal system will continue to exist in the future as external factors can significantly impact the accuracy of a forecast. Finally, exponential smoothing is not always the best and most accurate forecasting model as there are several other models that may be more suitable depending on the situation.
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What are deposits and the money supply if the required reserveratio is 50% and reserves are 5,000 with currency in circulation of2,000 ? (use the assumptions of the simple money multiplier)
The deposits are 10,000, and the money supply is 22,000 when the required reserve ratio is 50%, reserves are 5,000, and currency in circulation is 2,000, using the assumptions of the simple money multiplier.
If the required reserve ratio is 50%, it means that banks are required to hold 50% of deposits as reserves. In this scenario, reserves are at $5,000 and the currency in circulation is $2,000.
To calculate the money supply, we can use the simple money multiplier formula:
Money supply = (1 / Required reserve ratio) x Reserves
Substituting the given values, we get:
Money supply = (1 / 0.5) x $5,000
Money supply = $10,000
Therefore, with a required reserve ratio of 50%, reserves of $5,000, and currency in circulation of $2,000, the money supply is $10,000.
To answer your question, we'll follow these steps:
1. Determine the reserve ratio.
2. Calculate the money multiplier.
3. Find the deposits using the reserves and reserve ratio.
4. Calculate the money supply using the deposits, money multiplier, and currency in circulation.
Explanation:
1. The required reserve ratio is given as 50% (0.5 in decimal form).
2. The money multiplier can be calculated using the formula: Money Multiplier = 1 / Reserve Ratio. In this case, Money Multiplier = 1 / 0.5 = 2.
3. Since reserves are 5,000 and the reserve ratio is 0.5, we can find the deposits using the formula: Deposits = Reserves / Reserve Ratio. Therefore, Deposits = 5,000 / 0.5 = 10,000.
4. To calculate the money supply, we use the formula: Money Supply = (Deposits x Money Multiplier) + Currency in Circulation. Plugging in the values, Money Supply = (10,000 x 2) + 2,000 = 22,000.
In conclusion, the deposits are 10,000, and the money supply is 22,000 when the required reserve ratio is 50%, reserves are 5,000, and currency in circulation is 2,000, using the assumptions of the simple money multiplier.
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the direct materials budget shows: what are the direct materials per unit? question 5 options: 1) .33 pounds 2) 3.0 pounds 3) 3.3 pounds 4) cannot be determined from the data provided.
The direct materials budget shows: what are the direct materials per unit cannot be determined from the data provided. The correct option is 4) cannot be determined from the data provided.
The direct materials budget shows the estimated amount of materials that will be required to produce the planned level of production. This budget takes into consideration the beginning and ending inventory levels, as well as the production volume, to determine the amount of materials that will need to be purchased during the budget period.
In order to calculate the direct materials per unit, we need to divide the total amount of materials needed by the number of units to be produced. However, the question does not provide any information regarding the total amount of materials or the number of units to be produced, so we cannot determine the direct materials per unit from the data provided.
Therefore, the answer to question 5 is option 4, "cannot be determined from the data provided." It is important to note that the direct materials per unit will vary depending on the type of product being produced and the specific materials required for its production.
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what is not an example of a source where you might gather field information needed to track job performance? material invoices equipment time tickets time cards subcontractor billing statements city inspection reports
City inspection reports are not an example of a source where you might gather field information needed to track job performance.
City inspection reports are documents that are issued by city or government officials after they have conducted an inspection of a particular site or property. The purpose of these reports is to highlight any violations, hazards or non-compliance with the building codes or regulations that may pose a risk to public health or safety. While city inspection reports can provide valuable information about the status of a building or property, they do not contain any data that is directly related to job performance or productivity.
Therefore, they are not a useful source of information for tracking job performance, and it is necessary to seek other sources such as material invoices, equipment, time tickets, time cards, and subcontractor billing statements to gather the required information.
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according to keynes, changes in animal spirits will affect actual output through changes in: a money supply and interest rates. b business investment. c government expenditure and taxes. d government expenditure and net exports. e labor productivity and technological progress.
According to Keynes, changes in animal spirits will affect actual output through changes in: business investment. The correct option is B
Animal spirits refer to the emotional and psychological factors that influence decision-making, especially in business and investment. Keynes believed that changes in animal spirits could lead to fluctuations in business investment, as investors may be more optimistic or pessimistic about the future of the economy.
When animal spirits are high, businesses are more likely to invest in new projects, increasing overall investment and subsequently boosting actual output. Conversely, when animal spirits are low, businesses may hold back on investments due to uncertainty and pessimism, leading to a decrease in actual output.
It's important to note that animal spirits can impact business investment independently from other factors like money supply, interest rates, government expenditure, taxes, or labor productivity. While these other factors can also influence actual output, Keynes emphasized the role of psychological factors and investor sentiment in driving changes in business investment and, ultimately, actual output.
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Complete question:
according to keynes, changes in animal spirits will affect actual output through changes in:
a. money supply and interest rates.
b. business investment.
c. government expenditure and taxes.
d. government expenditure and net exports.
e. labor productivity and technological progress.
according to fcra, employers are allowed to pull a credit report on a mortgage professional job applicant. true false
The statement "According to FCRA, employers are allowed to pull a credit report on a mortgage professional job applicant" is true because they allow employers to pull credit reports for job applicants.
The Fair Credit Reporting Act (FCRA) allows employers to pull credit reports for job applicants, including those in the mortgage industry, with the applicant's written permission.
This is because a credit report can provide insight into an applicant's financial responsibility and stability, which can be relevant for certain job positions. However, employers must follow certain guidelines set forth by the FCRA when obtaining and using credit reports.
These guidelines include obtaining written consent from the applicant, providing a copy of the report and a summary of rights before taking any adverse action based on the report, and ensuring the accuracy of the information in the report.
Additionally, some states have their own laws that provide additional protections for job applicants, such as limiting the types of jobs for which a credit report can be requested or requiring employers to provide specific disclosures to the applicant.
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Although exposing children to hazardous work and long work hours is unquestionably deplorable, which of the following, if true, leads to a moral dilemma?Group of answer choicesChildren are not as efficient as adults in doing physically demanding work.Working children learn independence.Many child laborers come from poverty-stricken families.Use of adult workers instead leads to higher labor costs.
Many child laborers come from poverty-stricken families.
This leads to a moral dilemma because, while it's deplorable to expose children to hazardous work and long hours, the fact that many child laborers come from poverty-stricken families complicates the issue.
On one hand, society wants to protect children from harm and ensure they have a proper childhood, including education and play. On the other hand, these children may be working to help support their families, and removing their source of income could exacerbate their poverty.
The dilemma arises from the competing desires to protect children's rights and to alleviate poverty. It becomes a challenge to find a balance between these two important considerations.
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concentration ratios multiple choice may overstate the degree of competition because they ignore imported products. may understate the degree of competition because they ignore imported products. may overstate the degree of competition because interindustry competition is ignored. provide detailed insights as to the price and output behavior of firms that compose the various industries.
Concentration ratios may understate the degree of competition because they ignore imported products(B).
Concentration ratios are commonly used to measure the degree of competition in an industry. However, these ratios may be misleading if they ignore imported products. When concentration ratios are used, they only consider domestic firms and their market share, but do not account for imported products.
This can lead to an understatement of the degree of competition in the market. Imported products can often be substitutes for domestic products, and their availability can influence the price and output behavior of firms in the industry.
Therefore, ignoring imported products can result in an incomplete analysis of the competitive dynamics in the market.
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A(n) ________ is formed when the entering retailer pools its resources with a local retailer to form a new company in which ownership, control, and profits are shared.A) mergerB) joint ventureC) acquisitionD) strategic allianceE) takeover
A joint venture is a type of business agreement in which two or more parties agree to pool their resources and expertise to form a new company. In a joint venture, the parties involved typically share ownership, control, and profits, and work together to achieve a common goal. The answer to your question is B) joint venture.
Joint ventures can be an effective way for entering retailers to establish a presence in a new market, as they allow for the sharing of resources and risk. By partnering with a local retailer, the entering retailer can benefit from the local partner's knowledge of the market, while the local partner can benefit from the entering retailer's expertise and resources.
One example of a joint venture in the retail industry is the partnership between Walmart and Bharti Enterprises in India. Walmart, a global retailer, teamed up with Bharti Enterprises, a local conglomerate, to form a joint venture called Bharti Walmart. The joint venture allowed Walmart to enter the Indian market, while Bharti Enterprises benefited from Walmart's expertise in retail operations.
In summary, a joint venture is a type of business agreement in which two or more parties pool their resources and expertise to form a new company. This type of partnership can be beneficial for entering retailers looking to establish a presence in a new market. Option B.
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raymond, a licensed insurance producer, solicits insurance through more than one insurer and negotiates on behalf of his clients; therefore, he is considered to be a broker. a solicitor. an agent. an independent agent.
Raymond, who solicits insurance through more than one insurer and negotiates on behalf of his clients, is considered to be a broker. The correct answer is option a.
A broker is an insurance professional who represents the interests of the insured (the client) in the insurance transaction. Brokers are licensed to sell insurance policies from multiple insurance companies and can provide their clients with a range of options from different insurers.
On the other hand, an agent is an insurance professional who represents the insurance company and is authorized to sell policies on behalf of the insurer. Agents typically work for a single insurance company and can only offer policies from that company.
A solicitor is an individual who acts as an intermediary between the client and the insurance company. They can only represent one insurance company and are typically responsible for gathering information and completing paperwork.
An independent agent is a licensed insurance agent who is not an employee of any particular insurance company. Instead, they work independently to sell policies from a variety of insurance companies to their clients.
The correct answer is option a.
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Complete question
Raymond, a licensed insurance producer, solicits insurance through more than one insurer and negotiates on behalf of his clients; therefore, he is considered to be
a. a broker.
b. a solicitor.
c. an agent.
d. an independent agent.
Although most new businesses begin on shoestring budgets and the accounting is typically done on acash basis, it’s still important to consider what the Balance Sheet and Income Statement can tell usabout our company’s health and the direction in which it’s headed. Explain how each of thesefinancial reports accomplishes that and why assets and liabilities are listed in a particular order
The balance sheet and income statement are important financial reports that can provide valuable insights into a company's financial health and future prospects.
The balance sheet lists a company's assets, liabilities, and equity, providing a snapshot of its financial position at a given point in time. This can help business owners and investors understand the value of the company's resources and the extent of its debts and obligations. Meanwhile, the income statement shows a company's revenues, expenses, and net income over a specific period, such as a month or a year. This report can help identify trends in the company's profitability and growth potential.
Both reports are typically organized in a specific order to make them easier to read and understand. For example, assets are listed in order of liquidity, or how quickly they can be converted into cash, while liabilities are listed in order of payment priority. By analyzing these financial reports, businesses can gain a clearer understanding of their financial situation and make informed decisions about their future growth and sustainability.
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Question 5 On ABC's balance sheet, property plant and equipment rose by $25,000 which would cause cash to decrease. True False Question 6 On ABC's balance sheet, inventory rose by $25,000 which would cause cash to decrease. True False Question 7 On ABC's balance sheet, long term debt rose by $15,000 which would cause cash to increase. True False
Question 5 is True. Property plant and equipment is a non-cash asset that is typically purchased with cash. Question 6 is False. Inventory is also a non-cash asset. The statement in question 7 is False.
Question 5 So, when this asset increases on the balance sheet, it means that cash has been spent to acquire or improve it, causing cash to decrease.
Question 6 is False. Inventory is also a non-cash asset. When inventory increases on the balance sheet, it means that cash has been used to purchase or produce more inventory. However, this does not necessarily mean that cash has decreased, as it could have been financed through other means such as accounts payable or loans.
Question 7 is False. Long term debt is a liability, not an asset. When long term debt increases on the balance sheet, it means that the company has borrowed more money, which could result in an increase in cash if the funds were received as part of the loan. However, this is not always the case, as the funds could have been used to pay off other debts or make investments. Therefore, it cannot be assumed that long term debt always causes an increase in cash.
It is important to understand the relationship between different items on the balance sheet and how they affect cash, as this can provide valuable insights into a company's financial health.
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the theory of rational expectations contends that policy activism is: a will not work because expectations are rational only in the short run. b will not work because the public expects them and takes actions to limit their effectiveness. c will work because discretionary policies have a strong effect on real output. d will not work because we don't know enough about the workings of the economy to stabilize it. e will not work because the public expects them and takes actions to make the current economic situation worse..
The theory of rational expectations holds that people make decisions based on all available information, including their expectations about the future.
This includes expectations about government policies and their likely effects on the economy. The theory argues that if people expect a particular policy to be implemented, they will adjust their behavior accordingly, effectively neutralizing any intended effects of the policy. Therefore, policy activism is not effective in the long run because the public will adjust their expectations and behavior to offset any anticipated effects.
This means that policies may have short-term impacts but are unlikely to change the long-term path of the economy. Overall, the theory of rational expectations suggests that policy activism should be limited, and instead, policymakers should focus on creating stable economic conditions to promote long-term growth and stability.
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what positions in the above traded silver futures option and in silver futures would make the portfolio both gamma neutral and delta neutral?
To make a portfolio both gamma neutral and delta neutral in traded silver futures and silver futures options, one would need to take opposite positions that offset each other's risk. To make the portfolio gamma neutral, they can adjust the strike prices and expiration dates of the options to balance out the gamma risk.
To create a portfolio that is both gamma neutral and delta neutral with silver futures options and silver futures, you will need to take the following positions:
1. Determine the current delta and gamma of your portfolio. Delta represents the rate of change in the option's price relative to a change in the underlying asset's price, while gamma measures the rate of change in delta with respect to changes in the underlying asset's price.
2. To achieve delta neutrality, you must take a position in silver futures that has an equal and opposite delta to your existing portfolio. This will hedge your exposure to price movements in the underlying asset. For example, if your portfolio's delta is +50, you would take a short position in silver futures with a delta of -50.
3. To achieve gamma neutrality, you must take positions in silver futures options that have an equal and opposite gamma to your existing portfolio. This will hedge your exposure to changes in the underlying asset's price volatility. For example, if your portfolio's gamma is +100, you would take positions in silver futures options with a total gamma of -100.
4. Continuously monitor your portfolio's delta and gamma, and adjust your positions in silver futures and silver futures options as needed to maintain neutrality.
By taking these positions, your portfolio will be both delta neutral and gamma neutral, reducing your exposure to price movements and volatility in the silver market.
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Which of the following would cause the balance sheet to appear stronger and income statement to appear more profitable than it should? Click the answer you think is right. a.Recording costs as Construction in Progress even though the asset is completed. b.Expensing costs that should be capitalized. c.Recording the costs of merchandise purchased on account. d.Capitalizing costs that should be expensed.
The correct answer is d.
Capitalizing costs that should be expensed would cause the balance sheet to appear stronger and income statement to appear more profitable than it should.
Capitalizing costs means that they are recorded as assets on the balance sheet, rather than being expensed immediately on the income statement. This can make the company's financial position look stronger than it really is, because it appears to have more assets than it actually does.
Additionally, because the expenses are not being recorded on the income statement, the company's profitability may appear higher than it actually is.
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Fast Finance is a drive-in financial consulting business, where customers park in the parking lot and employees come by on roller-skates to give them financial advice. For the month of January, Fast Finance estimates that they will receive 900 customers. The following table summarized their budgeted costs for January: Standards
Direct Labor Cost 50 $/hr
Total Variable Overhead Cost $11,250 Total Fixed Overhead Cost $19,800 Number of Customers 900 Total Direct Labor Hours 1,125 hrs At the end of January, Fast Finance had incurred the following actual costs: Actuals Direct Labor Cost $48,000
Total Variable Overhead Cost $9.600 Total Fixed Overhead Cost $20,000 Number of Customers 960 Total Direct Labor Hours 960 hrs Fast Finance uses a full-absorption, normal costing system, and allocates their Variable and Fixed overhead on the basis of number of customers. Fast Finance charges their customers a flat rate per session, and as a result, considers the 'units' for their costing system to be customers.
1. What is the Standard Amount (SA) for Variable Overhead (and Fixed Overhead, incidentally)?
a: 1 customer / customer
b: 1 unit / unit, where customers are the 'units'
c: 1 cust. / cust.
d: I get it, it's 1 customer / customer
2a. What is the Standard Price (SP) of Variable Overhead?
2b. What is the Standard Price (SP) of Fixed Overhead?
the Standard Price (SP) of Fixed Overhead is $22.00 per customer.
The answer is (a) 1 customer/customer since Fast Finance considers customers as the 'units' for their costing system.
2a. To calculate the Standard Price (SP) of Variable Overhead, divide the Total Variable Overhead Cost by the Number of Customers:
SP = Total Variable Overhead Cost / Number of Customers
SP = $11,250 / 900
SP = $12.50 per customer
Therefore, the Standard Price (SP) of Variable Overhead is $12.50 per customer.
2b. To calculate the Standard Price (SP) of Fixed Overhead, divide the Total Fixed Overhead Cost by the Number of Customers:
SP = Total Fixed Overhead Cost / Number of Customers
SP = $19,800 / 900
SP = $22.00 per customer
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consider a firm operating in a perfectly competitive market. the firm is producing 40 units of output, has an average total cost of production equal to $5, and is earning $280 economic profit in the short run. what is the current market price? group of answer choices
The current market price is $12 per unit.
Based on the information provided, we can calculate the current market price in a perfectly competitive market.
Since the firm is earning an economic profit of $280 and has an average total cost (ATC) of $5, we can use the following formula:
Economic Profit = Total Revenue - Total Cost
First, we need to find the Total Cost (TC):
TC = ATC x Quantity
TC = $5 x 40 units
TC = $200
Now, we can find the Total Revenue (TR) using the economic profit:
TR = Economic Profit + TC
TR = $280 + $200
TR = $480
Finally, we can determine the market price by dividing the total revenue by the quantity produced:
Market Price = TR / Quantity
Market Price = $480 / 40 units
Market Price = $12
So, the current market price in a perfectly competitive market is $12 per unit.
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In most firms, line managers work in conjunction with HR managers when ________.A) visiting college campuses to recruitB) interviewing job applicantsC) administering preemployment testsD) testing employees for drugs
In most firms, line managers work in conjunction with HR managers when interviewing job applicants.
This is because line managers are usually the ones who are most familiar with the specific skills and qualifications required for the job they are hiring for, as well as the day-to-day responsibilities that come with it.
On the other hand, HR managers are responsible for ensuring that the hiring process is fair, unbiased, and compliant with legal regulations.
By working together, line managers and HR managers can ensure that the right candidates are selected for the job and that the hiring process is conducted in a way that is both efficient and effective.
In addition, line managers and HR managers may also collaborate on other aspects of the hiring process, such as administering pre-employment tests or conducting background checks, to ensure that the candidates selected are the best fit for the position and for the company as a whole.
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Fill in the blank. If the exchange rate is 1 British pound to $1.35, an American in London will need ______ to purchase a purse priced at 20 pounds.
An American in London will need $27 to purchase a purse priced at 20 pounds.
To calculate the amount an American in London will need to purchase a purse priced at 20 British pounds, given an exchange rate of 1 British pound to $1.35, follow these steps:
1. Identify the price of the purse in pounds: 20 pounds
2. Identify the exchange rate: 1 British pound = $1.35
3. Multiply the price of the purse in pounds by the exchange rate: 20 pounds × $1.35/pound
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Which of the following statements about the Social Security, Medicare, and Medicaid programs is true? a. Some economists have argued for increasing benefits to help with these programs' funding problems. b. Spending on these three programs will rise from 10.2% of GDP currently to 19.7% of GDP by 2040, c. Some economists have argued for decreasing taxes to help with these prograrnsfunding problems. d. Costs are being driven up by the fact that Americans are living longer and medical costs are rising substantially.
The statement "Costs are being driven up by the fact that Americans are living longer and medical costs are rising substantially" is true about the Social Security, Medicare, and Medicaid programs. The coorect option is d.
These programs were designed to provide financial security and healthcare to American citizens, particularly the elderly and low-income individuals. As the population ages and life expectancy increases, there are more people relying on these programs for support. Consequently, this leads to a greater demand for benefits, causing financial strain on the systems.
Additionally, medical costs have been increasing significantly over the past few decades due to various factors such as the development of new treatments and technologies, as well as rising administrative costs. This puts further pressure on Medicare and Medicaid, which cover healthcare expenses for millions of Americans. As a result, the costs of these programs are expected to grow over time, making it essential for policymakers to explore sustainable funding solutions.
While options such as increasing benefits or decreasing taxes have been proposed by some economists, these approaches may not directly address the underlying issues driving the costs of these programs. A more comprehensive strategy that considers demographic shifts, healthcare cost management, and sustainable funding sources may be necessary to ensure the long-term viability of Social Security, Medicare, and Medicaid.
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Mays Company can sell all of product A that it produces but only 160,000 units of product Z. The company has limited production capacity. It can produce 6 units of A per hour or 10 units of Z per hour, and it has 30,000 production hours available. Contribution margin per unit is $12 for A and $10 for Z. What is the most profitable sales mix for this company?
The profitable sales mix for Mays Company is 15,000 units of A, 25,000 units of Z and contribution margin of $35,000.
To determine the most profitable sales mix for Mays Company, we need to calculate the contribution margin per hour for each product.
For product A, the contribution margin per hour is calculated as follows:
6 units/hour x $12 contribution margin per unit = $72 contribution margin per hour
For product Z, the contribution margin per hour is calculated as follows:
10 units/hour x $10 contribution margin per unit = $100 contribution margin per hour
Since the company has limited production capacity of 30,000 hours, we can use linear programming to find the optimal production mix that maximizes the total contribution margin.
Let x be the number of hours allocated to product A, and y be the number of hours allocated to product Z.
The objective function to maximize is:
Z = 12x + 10y
Subject to the following constraints:
6x + 10y ≤ 30,000 (production capacity constraint)
x ≥ 0 (non-negativity constraint)
y ≥ 0 (non-negativity constraint)
Using a linear programming solver, we find that the optimal production mix is:
x = 2,500 hours (allocated to product A)
y = 2,500 hours (allocated to product Z)
This means that the most profitable sales mix for Mays Company is to produce 15,000 units of product A (6 units/hour x 2,500 hours) and 25,000 units of product Z (10 units/hour x 2,500 hours), resulting in a total contribution margin of $350,000 (15,000 units of A x $12 contribution margin per unit + 25,000 units of Z x $10 contribution margin per unit).
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QUESTION 155 Blue-chip Equity Investments Ltd., wants to re-classify its investments in accordance with AS 13 (Revised). State the values, at which the investments have to be reclassified in the following cases: (i) Long term investments in Company A, costing * 8.5 lakhs are to be re-classified as current. The company had reduced the value of these investments to 6.5 lakhs to recognise 'other than temporary' decline in value. The fair value on date of transfer is 6.8 lakhs. (ii) Long term investments in Company B, costing # 7 lakhs are to be re-classified as current. The fair value on date of transfer is 8 lakhs and book value is *7 lakhs.
The investments should be reclassified at 6.8 lakhs for first case and for second case the investments should be reclassified at 7 lakhs.
(i) Long term investments in Company A:
1. Initial cost: 8.5 lakhs
2. Reduced value due to 'other than temporary' decline: 6.5 lakhs
3. Fair value on date of transfer: 6.8 lakhs
When reclassifying as current investments, the investments should be valued at the lower of cost and fair value. In this case, the lower value is the fair value on the date of transfer, which is 6.8 lakhs. Therefore, the investments should be reclassified at 6.8 lakhs.
(ii) Long term investments in Company B:
1. Initial cost: 7 lakhs
2. Fair value on date of transfer: 8 lakhs
3. Book value: 7 lakhs
Similar to the previous case, when reclassifying as current investments, the investments should be valued at the lower of cost and fair value. In this case, the cost (7 lakhs) is lower than the fair value on the date of transfer (8 lakhs). Therefore, the investments should be reclassified at 7 lakhs.
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mccanless company recently purchased an asset for $2,700,000 that will be used in a 3-year project. the asset is in the 3-year macrs class. the depreciation percentage each year is 33.33 percent, 44.45 percent, 14.81 percent, and 7.41 percent, respectively. what is the amount of depreciation in year 2? multiple choice
The amount of depreciation in Year 2: $1,200,150. The correct option is A.
It is a method used to calculate the depreciation of assets for tax purposes in the United States. Under MACRS, the cost of an asset is recovered over a predetermined period of time, using a fixed percentage for each year.
In this case, the asset purchased by McCanless Co. is in the 4-year MACRS class, which means it will be depreciated over a period of 4 years. The depreciation percentages for each year are given as 33.33 percent, 44.45 percent, 14.81 percent, and 7.41 percent, respectively.
To calculate the amount of depreciation in Year 2, we need to use the depreciation percentage for that year, which is 44.45 percent. We can calculate the depreciation expense for Year 2 by multiplying the depreciable basis (which is the original cost of the asset minus any salvage value) by the depreciation percentage for Year 2.
The depreciable basis for the asset is $2,700,000 (the original cost), as there is no salvage value given in the question. Therefore, the depreciation expense for Year 2 can be calculated as follows:
Depreciation expense for Year 2 = Depreciable basis x Depreciation percentage for Year 2
= $2,700,000 x 44.45%
= $1,200,150
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Complete question:
McCanless Co. recently purchased an asset for $2,700,000 that will be used in a 3-year project. The asset is in the 4-year MACRS class. The depreciation percentage each year is 33.33 percent, 44.45 percent, 14.81 percent, and 7.41 percent, respectively. What is the amount of depreciation in Year 2?
A)$1,200,150
B)$899,910
C)$200,070
D)$399,870
E)$900,000
assuming the facts in part 1, if tamas declares a year-end cash dividend, what is the amount of dividend paid to preferred shareholders? (assume no dividends in arrears.)
The following is the journal entry to reflect the issuing of 6,400 shares of $100 par value by Tamas Company Cash $665,600 debited Credit Preferred Stock has a par value of $100. $640,000, Capital paid as credit that is above par. $25,600 in preferred stock.
The facts in part 1, if tamas declares a year-end cash dividend, what is the amount of dividend paid to preferred shareholders.
1. Cash debit of $665,600 (6,400 shares at a price of $104 per).
Credit Preferred stock, par value of $100.
$640,000 (6,400 shares with a par value of $100 each)
Capital paid as credit that is above par.
$25,600 for preferred stock
($665,600 - $640,000)
c. Dividend paid to preferred shareholders:
Dividend paid to preferred shareholders equals 6,400 shares multiplied by $100 par value multiplied by 0.08 equals $51,200.
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The failure of the Ailment Proviso led to the creation of the Free Soil Party, which opposed the expansion of slavery. Which of the following events that took place between 1855 and 1856 helped fuel the rise of the Republican Party?
Between 1855 and 1856, the event that helped fuel the rise of the Republican Party after the failure of the Wilmot Proviso and the creation of the Free Soil Party was the violence and tension in Kansas, commonly referred to as "Bleeding Kansas."
Bleeding Kansas was a series of violent confrontations between pro-slavery and anti-slavery forces in the Kansas Territory. The Kansas-Nebraska Act of 1854 had allowed settlers in the territory to decide whether or not to permit slavery, leading to a rush of both anti-slavery and pro-slavery settlers into the region. This ultimately led to increased tensions, violence, and political instability.
As a result of Bleeding Kansas, many people in the North became increasingly opposed to the expansion of slavery, leading to the formation of the Republican Party in 1854. The party's primary goal was to prevent the spread of slavery into new territories and states. The violence in Kansas helped to galvanize support for the Republican Party, which went on to become a major political force in the United States.
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