Brittany's holding period return on the stock is 12.86%.
Brittany's holding period return on the stock can be calculated as follows:
HPR = [(Ending value - Beginning value + Dividends) / Beginning value] x 100%
In this case, the beginning value is the purchase price of $14 per share, the ending value is the sale price of $15.50 per share, and the dividends received are $0.16 per share for each of the two quarters, or $0.32 per share in total. Thus, the holding period return is:
HPR = [(15.50 - 14 + 0.32) / 14] x 100% = 12.86%
Therefore, Brittany's holding period return on the stock is 12.86%.
The holding period return is a measure of the total return earned on an investment over a certain period of time, taking into account any dividends received and any capital gains or losses from buying and selling the asset. In this case, Brittany's holding period return is positive, indicating that she earned a profit on the investment. The HPR formula takes into account the purchase and sale prices, as well as the dividends paid, and expresses the result as a percentage of the initial investment.
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banks can make additional loans when required reserves are group of answer choices less than total loans. less than total reserves. less than total deposits. greater than total reserves.
When minimum reserves are less than the entire amount of loans, banks may make further loans. Here option A is the correct answer.
Banks are required to hold a certain percentage of their deposits as reserves, which can either be held in vault cash or deposited with the central bank. This reserve requirement is set by the central bank and serves as a tool to regulate the money supply in the economy.
When a bank receives a deposit, it can use a portion of that deposit to make loans. However, the amount of loans a bank can make is limited by its reserves. If a bank's required reserves are greater than its deposits, it can't make additional loans. Conversely, if its required reserves are less than its deposits, it has excess reserves that it can use to make additional loans.
Therefore, option C - "less than total deposits" - is incorrect because banks can't make additional loans if their reserves are less than their deposits. Option B - "less than total reserves" - is also incorrect because if a bank's required reserves are less than its reserves, it already has excess reserves that it can use to make additional loans.
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Complete question:
Banks can make additional loans when required reserves are group of answer choices
A - less than total loans.
B - less than total reserves.
C - less than total deposits.
D - greater than total reserves.
18. Through which means can a person obtain dental insurance?
a. from an employer or spouse's employer as part of a group plan
b. through and individual plan
c. from the state government
d. either a or b
The correct answer is d. either a or b, as dental insurance can be obtained through an employer or spouse's employer as part of a group plan or through an individual plan.
Dental insurance can be obtained through either an employer or spouse's employer as part of a group plan (option a) or through an individual plan (option b).
Many employers offer dental insurance as part of their employee benefits package. Employees and their dependents can be covered under a group dental insurance plan,
which is typically more affordable compared to individual plans. This option allows individuals to obtain dental insurance through their employer or their spouse's employer.
Alternatively, individuals can also purchase dental insurance on their own through individual plans. These plans are available directly from insurance providers or through insurance marketplaces.
Individual plans allow individuals to choose the coverage and benefits that meet their specific dental needs. However, individual plans may have higher premiums compared to group plans.
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which budget covers the cost of creative talent? a. below the line b. middle of the line c. post-production d. above the line
In order to calculate pure or economic profit, explicit costs must be subtracted from total revenue. In Costs other words, normal profits outweigh accounting profits."Economic rent" profit, which is the return on any resource. The correct answer is c. post-production.
This kind of profit is typically given to business owners that have a special resource that is in great demand or a distinctive set of abilities.
As opposed to Standard desks, which yield the lowest contribution margin per square yard of wood, Creative Star Corporation should manufacture Classic and Royal desks.
The contribution margin per square yard of wood for each product needs to be calculated by Creative Star Corporation in order to decide which items to make. The selling price less the total variable cost results in the contribution margin.
The contribution margin per square yard of wood for Classic desks is $20 ($175 - $75) /5 = $20.
The contribution margin per square yard of wood for Royal desks is $8 ($245 - $165) / 10 = $8.
The contribution margin per square yard of wood for Standard desks is $10 ($95 - $65) /3= $10.
Complete question:
which budget covers the cost of creative talent? multiple choice questions
a. below the line
b. middle of the line
c. post-production
d. above the line
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flavored ice is a snow cone stand near the local park. to plan for the future, flavored ice wants to determine its cost. the variable cost per snow cone using the high low method is
Sure! So, to determine the variable cost per snow cone using the high low method, Flavored Ice would need to first gather data on the costs and number of snow cones sold for a period of time. Let's say they tracked their costs and sales for the past month.
The high and low points would be identified by looking at the highest and lowest number of snow cones sold and the corresponding costs for each day. Let's say the highest number of snow cones sold in a day was 200 and the cost was $280, while the lowest number of snow cones sold was 50 and the cost was $70.
Using this data, we can calculate the variable cost per snow cone by subtracting the lowest cost from the highest cost, which gives us a difference of $210. Then, we divide that difference by the difference in the number of snow cones sold (200 - 50 = 150), which gives us a variable cost per snow cone of $1.40.
So, according to the high low method, the variable cost per snow cone for Flavored Ice is $1.40.
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popcorners (a snack sold in the us) is moving to enter international markets. the company wants to take a reserved approach that offers the lowest costs and risks. which entry mode is popcorners most likely to use?
Given the objective of entering international markets with low costs and risks, PopCorners is likely to adopt an indirect export entry mode.
Indirect export allows the company to reach international markets without significant upfront investments or operational complexities. In this mode, PopCorners would engage intermediaries such as distributors or agents in the target markets to handle the exporting process.
By partnering with established local distributors, PopCorners can leverage their knowledge of the local market, distribution networks, and regulatory requirements, minimizing the need for the company to establish its own infrastructure or invest heavily in market research. This approach helps mitigate risks and reduces costs associated with establishing a physical presence or building distribution networks from scratch.
Indirect export also allows PopCorners to focus on its core competencies, such as product development and marketing, while relying on trusted partners to handle logistics, customs clearance, and local market penetration.
It provides a flexible and low-risk entry strategy, enabling the company to test market demand and gradually expand its presence internationally.
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what type of utility does warehousing provide to consumers by holding onto products until consumers need them?
Warehousing provides a significant utility to consumers by holding onto products until they need them. The primary utility that warehousing provides is convenience. By keeping products in a centralized location, consumers can access them easily and conveniently, without having to travel long distances to purchase them. This is particularly important for products that are not readily available in local stores, or for consumers who live in remote areas.
Another utility that warehousing provides is cost savings. By purchasing products in bulk, warehousing companies can negotiate lower prices from manufacturers and pass on these savings to consumers. This can result in significant cost savings for consumers who would otherwise have to pay higher prices for individual products.
Finally, warehousing also provides a degree of security for consumers. By storing products in a controlled environment, warehousing companies can ensure that they are not damaged or stolen, which would otherwise result in losses for consumers. This can provide peace of mind for consumers who are concerned about the safety and security of their products.
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e21.18 (lo 3, 4) (accounting for an operating lease) on january 1, 2020, a machine was purchased for $900,000 by young co. the machine is expected to have an 8-year life with no salvage value. it is to be depreciated on a straight-line basis. the machine was leased to st. leger inc. for 3 years on january 1, 2020, with annual rent payments of $150,955 due at the beginning of each year, starting january 1, 2020. the machine is expected to have a residual value at the end of the lease term of $562,500, though this amount is unguaranteed. instructions a. how much should young report as income before income tax on this lease for 2020? b. record the journal entries st. leger would record for 2020 on this lease, assuming its incremental borrowing rate is 6% and the rate implicit in the lease is unknown. c. suppose the lease was only for one year (only one payment of the same amount at commencement of the lease), with a renewal option at market rates at the end of the lease, and st. leger elects to use the short-term lease exception. record the journal entries st. leger would record for 2020 on this lease.
a. To determine the income before income tax on the lease for 2020, we need to calculate the annual lease expense and compare it to the annual rent payment.
The lease term is for 3 years, and the annual rent payment is $150,955. Therefore, the total rent payment over the lease term is $150,955 * 3 = $452,865.
The machine's initial cost was $900,000, and it is depreciated on a straight-line basis over 8 years with no salvage value. The annual depreciation expense is ($900,000 - $0) / 8 = $112,500.
The income before income tax on the lease for 2020 is the difference between the annual rent payment and the annual depreciation expense: $150,955 - $112,500 = $38,455.
b. Assuming St. Leger's incremental borrowing rate is 6%, we need to calculate the present value of the lease payments to determine the lease liability and the related right-of-use asset.
Using the incremental borrowing rate of 6% and the annual rent payment of $150,955 for 3 years, we can calculate the present value of the lease payments. Assuming the payments are made at the beginning of each year, the present value is $391,729.
The journal entries St. Leger would record for 2020 on this lease are as follows:
DR Lease Receivable (Right-of-Use Asset) - $391,729
CR Lease Liability - $391,729
c. If the lease was only for one year with a renewal option at market rates, and St. Leger elects to use the short-term lease exception, they would not record a right-of-use asset or lease liability on their balance sheet for the initial lease term.
The journal entries St. Leger would record for 2020 on this lease are as follows:
DR Lease Expense - $150,955
CR Cash - $150,955
Since St. Leger elected to use the short-term lease exception, they would expense the lease payment directly rather than recognizing a right-of-use asset and lease liability.
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the more excess reserves banks choose to keep group of answer choices the smaller the deposit multiplier. the lower the required reserve ratio. the higher the required reserve ratio. the larger the deposit multiplier.
The more excess reserves banks choose to keep, the smaller the deposit multiplier. The deposit multiplier is a measure of the potential expansion of the money supply that can result from a change in the amount of reserves held by banks.
When banks hold excess reserves, they are not using those reserves to make loans and create new deposits, which reduces the overall impact on the money supply. In contrast, when banks hold fewer excess reserves, they have more funds available to lend out, which increases the potential for deposit creation and expansion of the money supply. Therefore, the more excess reserves banks choose to keep, the smaller the deposit multiplier, and vice versa. The required reserve ratio, on the other hand, is set by the central bank and affects the amount of reserves banks are required to hold against their deposits.
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T/F To counteract the diseconomies of division of labor, a company can increase the range of tasks the employee performs.
True.To counteract the diseconomies of division of labor, a company can increase the range of tasks the employee performs.
Diseconomies of division of labor refer to the inefficiencies and decreased productivity that may arise when the work is divided into specialized tasks. While division of labor can increase efficiency, it can also lead to problems such as reduced , increased coordination costs, and decreased job satisfaction. To counteract these negative effects, a company can increase the range of tasks the employee performs. By giving employees more diverse responsibilities, they can feel more engaged and motivated in their work. This approach also helps to reduce the risk of employees feeling bored or burnt out from repetitive tasks, and may ultimately lead to increased productivity and job satisfaction. However, there are limits to how much task variety is practical, as too much variety can also lead to decreased efficiency and difficulty in mastering specific skills.
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LA furniture company has requested that you determine whether the company's ability to pay its current liabilties and long-term debts improved or deteriorated during 2014. To answer this question, compute the following ratios for 2014 and 2013.a. Working capitalb. Current ratioc. Quick (acid-test) ratiod. Debt ratioe. Times-interest-earned ratio. Round your answers to two decimal places.Summarize the results of your analysis in a short paragraph.Cash 2014-1000 2013-47000Short-term investments 2014-28000 2013-27000Net receivables 2014-114000 2013-126000Inventory 2014-236000 2013-265000Prepaid expenses 2014-22000 2013-8000Total assets 2014-18000 2013-35000Total current liabilities 2014-224000 2013-262000Long-term debt 2014-97000 2013-174000Income from operations 2014-261000 2013-150000Interest expense 2014-41000 2013-42000
LA Furniture Company's ability to pay its current liabilities and long-term debts has deteriorated in 2014 compared to 2013, as shown by decreasing values of working capital, current ratio, quick ratio, and times-interest-earned ratio, and an increasing value of the debt ratio.
Working capital for 2014 = Current assets - Current liabilities = $415,000 - $224,000 = $191,000
Working capital for 2013 = Current assets - Current liabilities = $448,000 - $262,000 = $186,000
Current ratio for 2014 = Current assets / Current liabilities = $415,000 / $224,000 = 1.85
Current ratio for 2013 = Current assets / Current liabilities = $448,000 / $262,000 = 1.71
Quick ratio for 2014 = (Current assets - Inventory) / Current liabilities = ($415,000 - $236,000) / $224,000 = 0.83
Quick ratio for 2013 = (Current assets - Inventory) / Current liabilities = ($448,000 - $265,000) / $262,000 = 0.64
Debt ratio for 2014 = Total liabilities / Total assets = ($224,000 + $97,000) / $1,800,000 = 0.16
Debt ratio for 2013 = Total liabilities / Total assets = ($262,000 + $174,000) / $3,500,000 = 0.12
Times-interest-earned ratio for 2014 = Income from operations / Interest expense = $261,000 / $41,000 = 6.37
Times-interest-earned ratio for 2013 = Income from operations / Interest expense = $150,000 / $42,000 = 3.57
The working capital and current ratio have improved slightly from 2013 to 2014, indicating that the company's ability to pay its current liabilities has improved.
The quick ratio has improved significantly from 2013 to 2014, indicating that the company's ability to pay its current liabilities using only its most liquid assets has improved.
The debt ratio has increased from 2013 to 2014, indicating that the company is relying more on debt financing. However, the times-interest-earned ratio has also improved significantly from 2013 to 2014, indicating that the company is generating more income to cover its interest expense.
Overall, the company's ability to pay its current liabilities and long-term debts has improved slightly in 2014 compared to 2013.
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Consider the following: DBAs formulate database policies, communicate these policies to users, and enforce them. These policies include: access privileges, security, disaster planning, and archiving. Why is this important? If you were employed as the DBA for our university, what would you suggest as some good mechanisms and rules? What would be your priorities and how would you carry them out?
As a DBA, formulating and enforcing policies is crucial for maintaining the integrity and security of the database. Access privileges, security, disaster planning, and archiving are all important policies to ensure that data is protected from unauthorized access, loss, or corruption.
As a DBA, formulating and enforcing policies is crucial for maintaining the integrity and security of the database. Access privileges, security, disaster planning, and archiving are all important policies to ensure that data is protected from unauthorized access, loss, or corruption. Without proper policies in place, the database can be vulnerable to security breaches, data loss, or other problems.
If I were employed as the DBA for a university, my top priority would be to ensure the security of the database. I would implement strict access control measures to prevent unauthorized access, and regularly review access privileges to ensure that they are appropriate and up-to-date. Disaster planning would also be a key focus, including regular backups and off-site storage to ensure that data can be recovered in the event of a disaster.
In terms of mechanisms and rules, I would recommend regular audits and assessments to identify vulnerabilities and areas for improvement. I would also establish clear procedures for data archiving and retention, ensuring that data is kept for the appropriate length of time and disposed of securely when no longer needed.
Overall, my goal as a DBA would be to establish policies and mechanisms that ensure the database is secure, reliable, and accessible to authorized users. By prioritizing security and disaster planning, and implementing regular assessments and reviews, I would strive to maintain the integrity and availability of the database for the university community.
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on june 8, williams company issued an $78,017, 11%, 120-day note payable to brown industries. assuming a 360-day year, what is the maturity value of the note? when required, round your answer to the nearest dollar.
The nearest dollar, the maturity value of the note is $80,371. The maturity value of the note can be calculated using the simple interest formula:
Maturity value = Principal + Interest
Where Principal is the original amount of the note, and Interest is the interest charged on the note for the term.
The Principal of the note is $78,017.
To calculate the Interest, we first need to find the Interest rate per day:
Interest rate per day = Annual interest rate / Number of days in a year
= 11% / 360
= 0.0306% per day
Then, we can find the Interest charged on the note for the term:
Interest = Principal x Interest rate per day x Number of days in the term
= $78,017 x 0.0306% x 120
= $2,353.67
Therefore, the Maturity value of the note is:
Maturity value = Principal + Interest
= $78,017 + $2,353.67
= $80,370.67
Rounded to
The maturity value of the note can be calculated using the simple interest formula:
Maturity value = Principal + Interest
Where Principal is the original amount of the note, and Interest is the interest charged on the note for the term.
The Principal of the note is $78,017.
To calculate the Interest, we first need to find the Interest rate per day:
Interest rate per day = Annual interest rate / Number of days in a year
= 11% / 360
= 0.0306% per day
Then, we can find the Interest charged on the note for the term:
Interest = Principal x Interest rate per day x Number of days in the term
= $78,017 x 0.0306% x 120
= $2,353.67
Therefore, the Maturity value of the note is:
Maturity value = Principal + Interest
= $78,017 + $2,353.67
= $80,370.67
Rounded to the nearest dollar, the maturity value of the note is $80,371.
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Which of the following is NOT true?
A. Risk-neutral valuation provides prices that are only correct in a world
where investors are risk-neutral
B. Options can be valued based on the assumption that investors are risk
neutral
C. In risk-neutral valuation the expected return on all investment assets is
set equal to the risk-free rate
D. In risk-neutral valuation the risk-free rate is used to discount expected
cash flows
The correct answer is A. Risk-neutral valuation provides prices that are only correct in a world where investors are risk-neutral.
Risk-neutral valuation is a technique used to determine the value of derivatives, such as options, under the assumption of risk neutrality. However, this assumption does not mean that the resulting prices are only correct in a world where investors are actually risk-neutral.
Option B is true. Options can be valued based on the assumption that investors are risk-neutral. Risk-neutral valuation simplifies the pricing process by assuming that investors are indifferent to risk and make investment decisions solely based on expected returns.
Option C is true. In risk-neutral valuation, the expected return on all investment assets is set equal to the risk-free rate. This assumption allows for a simplified valuation framework, where the risk-free rate serves as a benchmark for pricing assets.
Option D is true. In risk-neutral valuation, the risk-free rate is used to discount expected cash flows. The risk-free rate is utilized as the discount rate to determine the present value of future expected cash flows, taking into account the time value of money.
The statement "Risk-neutral valuation provides prices that are only correct in a world where investors are risk-neutral" is not true. Risk-neutral valuation is a useful technique for valuing derivatives under the assumption of risk neutrality, but it does not imply that real-world investors must be risk-neutral for the pricing to be accurate.
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question an organization that looks to other companies to provide necessary services is referred to as a
An organization that looks to other companies to provide necessary services is referred to as a Virtual organization.
A virtual organization is a type of organizational structure that relies heavily on outsourcing and strategic partnerships with other companies to provide necessary services and support. Rather than building all resources and capabilities in-house, a virtual organization aims to leverage the strengths and expertise of other companies to achieve its goals. This approach can provide significant advantages, such as increased flexibility, access to specialized knowledge, and reduced costs.
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Full Question ;
An organization that looks to other companies to provide necessary services is referred to as a _____________.
Logistics Solutions provides order fulfillment services for dot.com merchants. The company maintains warehouses that stock items carried by its dot.com clients. When a client receives an order from a customer, the order is forwarded to Logistics Solutions, which pulls the item from storage, packs it, and ships it to the customer. The company uses a predetermined variable overhead rate based on direct labor-hours. In the most recent month, 205,000 items were shipped to customers using 9,200 direct labor-hours. The company incurred a total of $33,580 in variable overhead costs. According to the company’s standards, 0.02 direct labor-hours are required to fulfill an order for one item and the variable overhead rate is $3.70 per direct labor-hour. Required: 1. According to the standards, what variable overhead cost should have been incurred to fill the orders for the 205,000 items? How much does this differ from the actual variable overhead cost? (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round labor-hours per item and overhead cost per hour to 2 decimal places.) 2. Break down the difference computed in (1) above into a variable overhead rate variance and a variable overhead efficiency variance. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).)
The variable overhead efficiency variance is unfavorable as more direct labor-hours were used than expected to fulfill the orders.
According to the standards, the variable overhead cost that should have been incurred to fill the orders for the 205,000 items is calculated as follows:
Variable overhead rate per hour = $3.70
Direct labor-hours per item = 0.02
Variable overhead cost per item = $3.70 × 0.02 = $0.074
Variable overhead cost for 205,000 items = $0.074 × 205,000 = $15,170
The actual variable overhead cost incurred was $33,580. The difference between the actual and standard variable overhead cost is unfavorable and equal to:
Actual variable overhead cost - Standard variable overhead cost = $33,580 - $15,170 = $18,410 (U)
The difference between the actual and standard variable overhead cost can be broken down into a variable overhead rate variance and a variable overhead efficiency variance.
Variable overhead rate variance = (Actual variable overhead rate - Standard variable overhead rate) x Actual direct labor-hours
Actual variable overhead rate = Actual variable overhead cost / Actual direct labor-hours
= $33,580 / 9,200 = $3.64 per direct labor-hour
Standard variable overhead rate = $3.70 per direct labor-hour
Variable overhead rate variance = ($3.64 - $3.70) x 9,200 = $-552 (F)
The variable overhead rate variance is favorable as the actual variable overhead rate is lower than the standard variable overhead rate.
Variable overhead efficiency variance = (Actual direct labor-hours - Standard direct labor-hours) x Standard variable overhead rate
Standard direct labor-hours = 0.02 direct labor-hours per item × 205,000 items = 4,100 direct labor-hours
Variable overhead efficiency variance = (9,200 - 4,100) x $3.70 = $19,110 (U)
The variable overhead efficiency variance is unfavorable as more direct labor-hours were used than expected to fulfill the orders.
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a call option is currently selling for $5.60. it has a strike price of $120 and four months to maturity. the current stock price is $122 and the risk-free rate is 3.1 percent. the stock will pay a dividend of $2.25 in two months. what is the price of a put option with the same exercise price? (do not round intermediate calculations. round your answer to 2 decimal places.)
The price of the put option with the same exercise price is $3.08 (rounded to 2 decimal places).
To find the price of the put option with the same exercise price, we can use the Put-Call Parity formula:
Put price = Call price - Stock price + Present value of strike price + Present value of dividends
First, let's find the present values of the strike price and dividends. To calculate the present value, we use the formula:
Present value = Future value / (1 + interest rate)^time
Present value of strike price = [tex]$120 / {(1 + 0.031)}^4/12[/tex] = $117.26
Present value of dividends = $2.25 / [tex]{(1 + 0.031)}^{2/12}[/tex] = $2.22
Now, we can plug the values into the Put-Call Parity formula:
Put price = $5.60 - $122 + $117.26 + $2.22 = $3.08
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Suppose the price of golf clubs decreases. What would you expect to happen to the demand for golf balls? Select the correct answer below: demand for golf balls will increase demand for golf balls will decrease O demand for golf balls will stay the same O it's impossible to know what will happen to the demand for golf balls
However, it's difficult to predict what will happen to the demand for golf balls. It's possible that demand for golf balls may also increase as more people are able to afford to play golf and purchase equipment
If the price of golf clubs decreases, we can expect that the demand for golf clubs will increase as they become more affordable. However, it's difficult to predict what will happen to the demand for golf balls. It's possible that demand for golf balls may also increase as more people are able to afford to play golf and purchase equipment. On the other hand, it's also possible that demand for golf balls may stay the same or even decrease if people choose to spend their money on other hobbies or activities. Therefore, it's impossible to know for sure what will happen to the demand for golf balls when the price of golf clubs decreases.
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joe orders 100 widgets from widgets-r-us. widgets-r-us delivers the widgets to fedex for shipment to joe. the contract was silent as to risk of loss. the widgets were destroyed in an accident involving the fedex truck for which fedex was not responsible. who bears the loss?
Under the UCC, if the contract is silent, the buyer bears the loss if goods are destroyed after delivery to the carrier.
Under the Uniform Commercial Code (UCC), which governs the sale of goods, the general rule is that the risk of loss passes from the seller to the buyer upon delivery of the goods to the carrier, unless the contract states otherwise.
In this case, since the contract was silent as to the risk of loss, the risk passed to the buyer (Joe) upon delivery of the widgets to the carrier (FedEx). Even if FedEx was not responsible for the accident that destroyed the widgets, the buyer would still bear the loss.
Therefore, it is important for parties to specify in their contracts which party bears the risk of loss in case of any unforeseeable accidents or circumstances.
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Your local fast-food chain with two dozen stores uses the company's internal corporate marketing department to produce signage, print ads, in-store displays, and so forth. When placing an order, store managers are assessed a chargeback (transfer price) of $100 per order that reduces store profitability but increases marketing department profitability. Lately, the store managers have been ordering more and more marketing services; the marketing department is swamped, and it cannot afford to hire more staff. Which of the following dollar figures is a possible value for the marginal cost per order of the marketing department? In other words, which marginal cost per order for the marketing department would be consistent with this situation? Check all that apply. .$70.00 .$120.00 .$135.00 .$60.00
The possible value for the marginal cost per order of the marketing department cannot be determined from the given information.
The information only provides the chargeback amount that store managers are assessed for ordering marketing services, and the fact that the marketing department is swamped and cannot afford to hire more staff. Marginal cost per order is the additional cost incurred by the marketing department for producing one more order.
Without knowing the fixed costs and variable costs associated with producing marketing services, it is not possible to determine the marginal cost per order. Therefore, none of the given dollar figures can be confirmed as a possible value for the marginal cost per order of the marketing department.
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creating personal property by the fruits of your labor is called: group of answer choices work force labor confusion production none of the above
Creating personal property from the fruits of your labor is commonly called "production."
Production is the process of transforming inputs or resources into goods or services through human effort and the application of technology. It involves the use of labour, capital and natural resources to create something of value. When individuals engage in productive activities, they use their skills, knowledge, and physical effort to produce goods or provide services.
The concept of creating personal property through labor is deeply rooted in economic theory and the principles of private property rights. It is based on the notion that individuals have the right to own and benefit from the results of their own work. This idea underlies the concept of economic incentives and the motivation of individuals to engage in productive activities.
By engaging in productive work, individuals can increase their personal wealth and accumulate assets. For example, a farmer grows crops through his labor and effort, resulting in the production of agricultural products that can be sold or consumed. Similarly, a craftsman uses his skills and labor to create handmade goods that can be sold in the market.
The creation of personal property through work is essential for economic growth and development. It promotes innovation, entrepreneurship and wealth accumulation. It also plays a key role in driving economic progress and improving living standards.
Collectively, the act of creating personal property through the fruits of your labor is called "production." It is a fundamental concept in economics that emphasizes the role of human effort and the transformation of inputs into valuable goods or services.
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When posting from special journals each individual debit and credit entry of similar transactions is entered in the general ledger.
True/False
False. When posting from special journals, each individual debit and credit entry of similar transactions is entered in the subsidiary ledgers, not the general ledger. The general ledger records summary entries from special journals.
A general ledger is a fundamental accounting tool used to record and summarize financial transactions of a business or organization. It serves as a central repository for all the financial information and forms the basis for the preparation of financial statements.
Modern accounting software often automates the general ledger process, making it easier to record, organize, and analyze financial data. However, understanding the principles and concepts behind the general ledger is still important for effective financial management and reporting.
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question 7suzie is ready to make her first payment to ricky. she is planning on paying $4000 plus her accrued interest. using the formula principal x interest x 30/365, what would suzie's total first payment be?
Suzie's total first payment would be $4,001.64.
The formula that is provided, principal x interest x 30/365, is commonly used to calculate accrued interest on a loan or investment over a period of time. In this case, it appears that Suzie is making a payment to Ricky for a loan that she has received and that she wants to include the accrued interest in her payment. To use the formula, we need to know the principal amount and the interest rate that Suzie has been charged on the loan, as well as the number of days that the interest has accrued. Assuming that Suzie has a loan with a principal amount of $4,000 and an annual interest rate of 5%, we can calculate the daily interest rate as follows:
Daily interest rate = 5% / 365 days = 0.0137%
Next, we can use the formula to calculate the accrued interest for the period of time that Suzie has held the loan:
Accrued interest = $4,000 x 0.0137% x 30 days = $1.64
Therefore, Suzie's total first payment would be $4,000 + $1.64 = $4,001.64.
It is important to note that the formula provided only calculates the accrued interest for a specific period of time, and it does not take into account any additional fees, charges, or penalties that may be associated with the loan. It is also important to read the terms and conditions of the loan agreement carefully to ensure that you understand the repayment schedule and any other obligations that you may have.
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when a manager acts toward a customer in a favorable way in the hope that the customer will return for future purchases this is an example of
When a manager acts favorably toward a customer in the hope of encouraging the customer to return for future purchases, it is an example of customer relationship management (CRM) or customer retention strategy. The manager engages in actions aimed at building and maintaining a positive and lasting relationship with the customer.
By providing exceptional customer service, personalized attention, and addressing customer needs and preferences, the manager aims to create a positive experience for the customer. This approach is driven by the understanding that repeat customers are valuable assets to the business and contribute to long-term profitability.
The manager's favorable actions may include resolving customer issues promptly, offering special discounts or incentives, providing tailored recommendations, and maintaining open lines of communication. The goal is to enhance customer satisfaction, loyalty, and ultimately increase the likelihood of the customer returning for future purchases.
This approach acknowledges the importance of nurturing ongoing relationships with customers as a means of driving customer loyalty, fostering repeat business, and generating positive word-of-mouth referrals. It also recognizes the potential for long-term customer value and the positive impact it can have on the business's overall performance and success.
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successfully attracting commitment, energizing workers, and creating meaning in employees' lives are the result of what type of motivation?
The type of motivation that results in successfully attracting commitment, energizing workers, and creating meaning in employees' lives is intrinsic motivation. Intrinsic motivation is the drive that comes from within an individual to perform a task or achieve a goal because it is personally rewarding or satisfying.
It involves pursuing a goal for its own sake rather than for an external reward or incentive. Employees who are intrinsically motivated feel a sense of autonomy, mastery, and purpose in their work, which leads to greater job satisfaction, engagement, and productivity. It is important for organizations to foster intrinsic motivation in their employees by providing opportunities for skill development, meaningful work, and autonomy in decision-making. This can lead to a positive work environment, improved performance, and ultimately, the achievement of organizational goals.
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a developer advertises properties for sale in vermont to new jersey residents. the advertisements are all in french. what language must be used in any additional forms, contracts, or other materials that are made available to prospective purchasers?
In the United States, any additional forms, contracts, or other materials that are made available to prospective purchasers must be provided in English, as it is the official language of the country.
While it is legal to advertise properties for sale in a language other than English, any additional materials used in the sales process must be provided in English to ensure that all parties fully understand the terms of the transaction. This is important because contracts are legally binding documents, and it is essential that all parties understand the terms and conditions of the agreement.
Therefore, if the developer advertises properties for sale in Vermont to New Jersey residents in French, any additional forms, contracts, or other materials made available to prospective purchasers must be provided in English.
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how many of the following would result in increasing relative strength? the stock price is rising at a faster rate than the market during a bull market. the stock's price is declining at a faster rate than the market during a bear market. the stock's price is rising at the same rate as the market during a bull market.
Increasing relative strength refers to a stock's performance in relation to the overall market. Therefore, if the stock price is rising at a faster rate than the market during a bull market, this would result in increasing relative strength.
This means that the stock is outperforming the market and investors may see it as a more favorable investment. Conversely, if the stock's price is declining at a faster rate than the market during a bear market, this would result in decreasing relative strength and investors may view it as a less favorable investment. If the stock's price is rising at the same rate as the market during a bull market, this would not result in increasing relative strength. It would indicate that the stock is performing in line with the overall market, but not necessarily outperforming it. It is important to analyze a stock's performance relative to the market in order to make informed investment decisions.
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product teams: a. can tend to slow down innovation b. reduce costs associated with design, manufacturing and marketing c. place an absolute limit on customer responsiveness d. are temporary structures
Answer: Product teams reduce costs associated with design, manufacturing and marketing and they are temporary structures.
Explanation: a. can tend to slow down innovation: This statement is generally false. Product teams, when properly structured and empowered, can actually foster innovation. By bringing together individuals with diverse skills and expertise, product teams can promote collaboration, creativity, and idea generation, leading to faster innovation cycles.
b. reduce costs associated with design, manufacturing, and marketing: This statement can be true. Product teams that have a holistic approach and effectively collaborate across different functions can optimize processes, reduce duplication of efforts, and identify cost-saving opportunities. By streamlining design, manufacturing, and marketing efforts, product teams can contribute to cost reduction.
c. place an absolute limit on customer responsiveness: This statement is generally false. Product teams, especially those focused on customer-centric approaches like agile or lean methodologies, emphasize continuous customer feedback and iterative development. This allows for greater customer responsiveness and the ability to adapt to changing customer needs and preferences.
d. are temporary structures: This statement is generally true. Product teams are often formed for specific projects or initiatives and may have a defined lifespan. Once the project is completed or the product is launched, the team may dissolve or transition to other projects. However, organizations can also have long-standing product teams dedicated to ongoing product development and improvement.
It's important to note that the effectiveness and impact of product teams can vary depending on various factors such as team dynamics, organizational culture, and management support.
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in evaluating whether there is a sufficiently low probability of material misstatement in the financial statements, the auditors accumulate: group of answer choices factual and judgmental misstatements in the financial statements. factual, judgmental and projected misstatements and an allowance for undetected misstatements in the financial statements. factual misstatements in the financial statements. judgmental misstatements in the financial statements.
In evaluating whether there is a sufficiently low probability of material misstatement in the financial statements, the auditors accumulate factual, judgmental, and projected misstatements and an allowance for undetected misstatements in the financial statements.
During the audit process, auditors assess the risk of material misstatement in the financial statements and perform various procedures to gather evidence and detect any misstatements. This includes factual misstatements, which are errors in recording or presenting financial information, and judgmental misstatements, which involve subjective judgments and estimates made by management.
In addition to the identified misstatements, auditors also consider projected misstatements, which are potential errors that could occur based on sampling and statistical techniques. These projected misstatements provide an estimation of potential errors in the financial statements.
Furthermore, auditors must also account for the possibility of undetected misstatements. Since audits are conducted on a sample basis, there is always a chance of material misstatements going unnoticed. Therefore, auditors allocate an allowance for undetected misstatements to account for this inherent risk.
By accumulating factual, judgmental, and projected misstatements, along with an allowance for undetected misstatements, auditors can assess whether the probability of material misstatement in the financial statements is sufficiently low.
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The following is given:
Price = $10.00/unit
Variable cost = $6.00/unit
Fixed cost = $50,000
a) Based on the given information, the break-even point in units =
enter your response here
units (enter your response as a whole number).
b) Based on the given information, the break-even point in dollars =
$enter your response here
(round your response to the nearest whole number).
c) The profit for a volume of
100,000
units =
$enter your response here
(round your response to the nearest whole number).
a) Breakeven Point in Units = 12,500 units
b) Breakeven Point in Dollars = $50,000
c) The profit for a volume of 100,000 units is $350,000.
a) Based on the given information, the break-even point in units is calculated as follows:
Breakeven Point = Fixed Cost/Contribution Margin per Unit
Contribution Margin = Price - Variable Cost per Unit
= $10.00 - $6.00= $4.00 per unit
Breakeven Point in Units = $50,000/$4.00 per unit= 12,500 units
b) Based on the given information, the break-even point in dollars is calculated as follows:
Breakeven Point = Fixed Cost/Contribution Margin Ratio
Contribution Margin Ratio = Contribution Margin/Selling
Price= $4.00/$10.00= 40%
Breakeven Point in Dollars = 40% × $10.00 × 12,500= $50,000
c) Profit for a volume of 100,000 units is calculated as follows:
Profit = Total Revenue - Total Cost
Total Revenue = Selling Price × Volume
= $10.00 × 100,000= $1,000,000
Total Cost = Fixed Cost + Variable Cost per Unit × Volume
= $50,000 + $6.00 × 100,000= $650,000
Profit = $1,000,000 - $650,000= $350,000
Thus, the profit for a volume of 100,000 units is $350,000.
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Which of the following has not contributed to the development of oligopolies in the US economy?
a. mergers
b. patents
c. economies of scale
d. inter-industry competition
Inter-industry competition has not contributed to the development of oligopolies in the US economy. Oligopolies are market structures characterized by a small number of dominant firms that control a substantial portion of the market.
Several factors have contributed to the development of oligopolies in the US economy, including mergers, patents, and economies of scale.
Mergers play a significant role in consolidating market power by combining the resources and capabilities of multiple firms, leading to a reduced number of competitors.
Patents provide legal protection and exclusivity to innovative products or processes, granting a competitive advantage to the patent holder and potentially limiting competition.
Economies of scale refer to cost advantages that large firms enjoy due to their size, such as lower production costs and higher efficiency, making it difficult for smaller competitors to compete on price.
In contrast, inter-industry competition fosters competition between firms operating in different industries. It encourages innovation, diversification, and the entry of new players, which can challenge the dominance of existing firms.
Therefore, inter-industry competition is not a factor that contributes to the development of oligopolies but rather acts as a countervailing force against concentrated market power.
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