Answer:
firms originate, produce, and market their products and services worldwide.
Explanation:
Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.
Some examples of international economic organizations involved in global economy and trade are;
World Trade Organization (WTO).
United Nations (UN).
International Monetary Fund (IMF).
Global competition exists when firms originate, produce, and market their products and services worldwide.
Determine if the statement is true or false.
A design must appeal to people outside of the target audience to be considered successful.
True
False
Answer:
It is false don't be confused I took the Exam and it resulted false.
Explanation:
Prior to the early twentieth century, a worker who was injured on the job could collect damages only by suing his employer. To sue successfully, the workeror his family, if the worker had been killedhad to show that the injury was due to the employer's negligence, that the worker did not know the job was hazardous, and that the worker's own negligence had not contributed to the accident. These lawsuits were difficult for workers to win, and even workers who had been seriously injured on the job often were unable to collect any damages from their employers. Beginning in 1910, most states passed "workers' compensation" laws that required employers to purchase insurance that would compensate workers for injuries suffered on the job. A study by Price Fishback and Shawn Kantor of the University of Arizona shows that after the passage of workers' compensation laws, wages received by workers in the coal and lumber industries fell.
Required:
Briefly explain why passage of workers’ compensation laws would lead to a fall in wages in some industries.
Answer:
Wages would fall due to an increase in labor costs.
When the workers compensation laws were not there, the employers only had to worry about one labor cost, that of paying their employees. With the introduction of worker's compensation, they then had to get insurance for their employees as well.
This led to an increase in the costs of labor which meant an increase in production costs and a decrease in profitability. To compensate for this, the employers cut wages in order to be able to pay for both the insurance and wages and still pay the same general amounts they were paying as wages such that their production costs don't rise significantly.
Suppose that Comcast has a cable monopoly in Philadelphia. The following table gives Comcast's demand and costs per month for subscriptions to basic cable (for simplicity, we keep the number of subscribers artificially small.)
Price Quantity Total Revenue Marginal Revenue Total Cost Marginal Cost
68 3 204 - 144 -
64 4 256 52 172 28
60 5 300 44 204 32
56 6 336 36 240 36
52 7 364 28 280 40
48 8 384 20 324 44
Suppose the local government imposes a $99 per month tax on cable companies. What will Comcast do? (Assume fixed costs equal to $60.)
A. Comcast should produce 6 units in the short run and shut down in the long run.
B. Comcast should produce 6 units in the short run and in the long run.
C. Comcast should shut down in the short run and in the long run.
D. Comcast should shut down in the short run and produce 6 units in the long run.
E. None of the above.
Suppose that the flat per-month tax is replaced with a tax on the firm of $4 per cable subscriber. (Assume that Comcast will sell only the quantities listed in the table.) To maximize profit, how many subscriptions should Comcast sell, and at what price? What will be the profit?
Answer:
A. Comcast should produce 6 units in the short run and shut down in the long run.
Explanation:
Comcast in operating cable business. The government of Philadelphia has imposed a tax of $99 every month. Comcast should produce 6 units in the short run. This will minimize it total cost and the company will be able to continue its operation in the short run. If the taxes persist in the long run then the company will go towards shut down.
Which formula can you use to extract the month number from the date entered in cell F5 as July 8, 2016?
Answer: =MONTH(F5)
Explanation:
The MONTH function in Excel returns the month, a number from 1 (January) to 12 (December).
It’s syntax is;
“=MONTH(serial_number)”
Where serial number refers to the date in question, which could either be a date itself or a cell reference.
The MONTH function is used to extract the month number from a date.
If cell F5 contains “July 8, 2016”, the formula “=MONTH(F5)” inputed in another cell will give the value “7”.
This is because the month July is the 7th month of the year.
Why is pillar content important
Content pillars will help you get clarity on your niche, while also building trust and helping your audience grow faster. There's another huge benefit: By creating content your target audience wants, they will spend longer on your site's pages and engage with your posts.
Hannah Ortega is considering expanding her business. She plans to hire a salesperson to cover trade shows. Because of compensation, travel expenses, and booth rental, fixed costs for a trade show are expected to be $7,500. The booth will be open 30 hours during the trade show. Ms. Ortega also plans to add a new product line, ProOffice, which will cost $150 per package. She will continue to sell the existing product, EZRecords, which costs $100 per package. Ms. Ortega believes that the salesperson will spend approximately 20 hours selling EZRecords and 10 hours marketing ProOffice.
1) Determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 80 units of EZRecords and 50 units of ProOffice. (Round "Cost per unit" to 2 decimal places.)
2) Determine the estimated total cost and cost per unit of each product, assuming that the salesperson is able to sell 200 units of EZRecords and 100 units of ProOffice.
(c) Explain why the cost per unit figures calculated in Requirement a are different from the amounts calculated in Requirement b. Also explain how the differences in estimated cost per unit will affect pricing decisions.
Answer:
Hannah Ortega
Product lines ProOffice EZRecords
1a. Total costs $10,000 $13,000
b. Cost per unit $200.00 $162.50
2a. Total costs $17,500 $25,000
b. Cost per unit $175.00 $125.00
c) The total costs under the two requirements were different because of the larger units sold in requirement two. These larger units shared the total costs, reducing the cost per unit drastically.
Explanation:
a) Data and Calculations:
Fixed costs for trade show = $7,500
Fixed cost per hour = $250 ($7,500/30)
Product lines ProOffice EZRecords
Cost per package $150 $100
Units sold 50 80
Hours spent 10 hrs 20 hrs
Fixed costs $2,500 $5,000
Variable costs 7,500 8,000
Total costs $10,000 $13,000
Cost per unit $200.00 $162.50
Total cost
Product lines ProOffice EZRecords
Units sold 100 200
Variable costs $15,000 $20,000
Fixed costs 2,500 5,000
Total costs $17,500 $25,000
Cost per unit $175.00 $125.00
c) The total costs under the two requirements were different because of the larger units sold in requirement two. These larger units shared the total costs, reducing the cost per unit drastically.
What is service marketing meaning
Limitations of GDP Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation. Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States?
a. The costs Of air and water pollution
b. The quality of goods available to
c. Expenditures on federal highways
d. The value of babysitting services, when the babysitter is paid in cash and the isn't reported to the government.
Answer:
a
b
d
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
Expenditure on the highways would be recorded as part of government expenditure
Corporations are becoming multinational not only in the scope of their business activities but also in their capital structure(.) Group of answer choices by raising funds from domestic as well as government sources. This trend reflects not only a conscious effort on the part of firms to raise the cost of capital by international sourcing of funds but also the ongoing liberalization and deregulation of international financial markets that make them accessible for many firms. by raising funds from foreign as well as domestic sources. by raising funds from foreign as well as domestic sources. This trend reflects not only a conscious effort on the part of firms to raise the cost of capital by international sourcing of funds, but also the ongoing liberalization and deregulation of international financial markets that make them accessible for many firms.
Answer:
by raising funds from foreign as well as domestic sources.
Explanation:
Multinational corporations can be regarded as
large companies which has headquarter in a country having operations in other countries. Their trait is that they are incorporated in a country while running their business in other countries. It should be noted that Corporations are becoming multinational not only in the scope of their business activities but also in their capital structure by raising funds from foreign as well as domestic sources. The trend showcase a conscious effort of the firm to gather cost of capital through international sourcing of funds also ongoing liberalization as well as deregulation regarding international financial markets which allows firms to have accessibility.
5. Introduction to real options Consider the following statement about real options: Sometimes real options can give managers the flexibility to decide to invest in a project or wait to make a more calculated decision. True or False: The preceding statement is correct. True False Which type of real option allows the output and/or inputs in the production process to be altered, depending on how market conditions change during a project’s life? Abandonment option Timing option Flexibility option Expansion option Consider the following example: Smoltz Motors has plants around the country that specialize in specific models of cars. Smoltz has determined that lower demand has led the firm’s inventory of SUVs to be too high. Smoltz wants to stop production for its SUVs and focus on its sedans. This example describes a real option to .
Answer and Explanation:
The given statement is true as the real options would provide the managers the flexibility for deciding to invest or wait so that it would make a more computed decision
The real option that permits the input or output in the production process that could vary so it would be investment timing option as here the timing plays a very vital role
The given situation represent a real option to expand as the firm would pursue the extra expansion contracts
Cain Inc. reports net income of $18,000. Its comparative balance sheet shows the following changes: accounts receivable increased $9,000; inventory decreased $11,000; prepaid insurance decreased $4,000; accounts payable increased $6,000 and taxes payable decreased $5,000. Compute cash flows from operations using the indirect method. (Amounts to be deducted should be indicated by a minus sign.)
Answer:
$25,000
Explanation:
Computation for the cash flows from operations using the indirect method.
Cash flow from operating activities
Net income $18,000
Adjustment to reconcile net income to net cash flow from operating activities
Change in Current assets and liabilities
Less Account receivable increase ($9,000)
Inventory decrease $11,000
Prepaid insurance decrease $4,000
Account payable increase $6,000
Less Taxes payable decrease ($5,000)
Net cash flow from operating activities $25,000
Therefore the cash flows from operations using the indirect method will be $25,000
Madison Corporation is authorized to issue $500,000 of 5-year bonds dated June 30, 2016, with a stated rate of interest of 11%. Interest on the bonds is payable semiannually, and the bonds are sold on June 30, 2016.
Required:
Determine the proceeds that the company will receive if it sells the following:
1. The bonds to yield 12% $
2. The bonds to yield 10% $
Answer and Explanation:
The computation is shown below:
1.
Particulars Amount PV factor at 6% for 10 years Present value
Semi-annual interest $27,500 7.360087 $202,402.39
($500,000 × 11% ÷ 2)
Principal $500,000 0.558395 $279,197.50
Total $481,599.89
2.
Particulars Amount PV factor at 5% for 10 years Present value
Semi-annual interest $27,500 7.721735 $212,347.71
($500,000 × 11% ÷ 2)
Principal $500,000 0.613913 $306,956.5
Total $519,304.21
Liang Company began operations in Year 1. During its first two years, the company completed a number of transactions involving sales on credit, accounts receivable collections, and bad debts. These transactions are summarized as follows.
Year 1
A. Sold $1,353,000 of merchandise (that had cost $979,100) on credit, terms n/30.
B. Wrote off $20,900 of uncollectible accounts receivable.
C. Received $669,200 cash in payment of accounts receivable.
D. In adjusting the accounts on December 31, the company estimated that 1.90% of accounts receivable would be uncollectible.
Year 2
E. Sold $1,544,700 of merchandise (that had cost $1,318,300) on credit, terms n/30.
F. Wrote off $27,000 of uncollectible accounts receivable.
G. Received $1,194,200 cash in payment of accounts receivable.
H. In adjusting the accounts on December 31, the company estimated that 1.90% of accounts receivable would be uncollectible.
Required:
Prepare journal entries to record Liang's 2016 and 2017 summarized transactions and its year-end adjustments to record bad debts expense. (The company uses the perpetual inventory system and it applies the allowance method for its accounts).
Answer:
2016
a. Dr Account receivable $1,353,000
Cr Sales revenue $1,353,000
Dr Cost of goods sold $979,100
Cr Inventory $979,100
b Dr Allowance for doubtful accounts $20,900
Cr Account receivable $20,900
c Dr Cash $669,200
Cr Account receivable $669,200
d Dr Bad debt expense $33,495
Cr Allowance for doubtful accounts $33,495
2017
e Dr Account receivable $1,544,700
Cr Sales revenue $1,544,700
Dr Cost of goods sold $1,318,300
Cr Inventory $1,318,300
f Dr Allowance for doubtful accounts $27,000
Cr Account receivable $27,000
Dr Cash $1,194,200
Cr Account receivable $1,194,200
h Dr Bad debt expense $33,147
Cr Allowance for doubtful accounts $33,147
Explanation:
Preparation of the journal entries to record Liang's 2016 and 2017 summarized transactions and its year-end adjustments to record bad debts expense
2016
a. Dr Account receivable $1,353,000
Cr Sales revenue $1,353,000
Dr Cost of goods sold $979,100
Cr Inventory $979,100
b Dr Allowance for doubtful accounts $20,900
Cr Account receivable $20,900
c Dr Cash $669,200
Cr Account receivable $669,200
d Dr Bad debt expense $33,495
Cr Allowance for doubtful accounts $33,495
($1,353,000-$669,200-$20,900=$662,900)
($662,900*1.90%+$20,900)
($12,595+$20,900=$33,495)
2017
e Dr Account receivable $1,544,700
Cr Sales revenue $1,544,700
Dr Cost of goods sold $1,318,300
Cr Inventory $1,318,300
f Dr Allowance for doubtful accounts $27,000
Cr Account receivable $27,000
Dr Cash $1,194,200
Cr Account receivable $1,194,200
h Dr Bad debt expense $33,147
Cr Allowance for doubtful accounts $33,147
($1,544,700+$662,900-$1,194,200-$27,000=$986,400)
($986,400*1.90%=$18,742)
($18,742+$27,000-$12,595=$33,147)
Ron Santana is interested in buying the stock of First National Bank. While the bank's management expects no growth in the near future, Ron is attracted by the dividend income. Last year the bank paid a dividend of $5.65. If Ron requires a return of 14 percent on such stocks, what is the maximum price he should be willing to pay for a share of the bank's stock?
Answer:
the maximum price that willing to pay is $40.36
Explanation:
The computation of the maximum price that willing to pay is shown below:
= Annual dividend ÷ required rate of return
= $5.65 ÷ 14%
= $40.36
Hence, the maximum price that willing to pay is $40.36
we simply applied the above formula so that the correct price could come
Whispering Winds Corporation began business in 2017 by issuing 94000 shares of $5 par common stock for $9 per share and 23000 shares of 9%, $10 par preferred stock for par. At year end, the common stock had a market value of $10. On its December 31, 2017 balance sheet, Whispering Winds would report
Preferred Stock ( 10.500 shares) $525,000
Paid-in Capital in Excess of Parâreferred 73,500
Common Stock (68, 500 shares) 342,500
Paid-in Capita' in Excess o' ParâCommon Stock 700000
Retained Earning 310,000
During 2020, the following transactions occurred.
Feb.1 Issued 2,000 shares of preferred stock for land having a fair value of $125,000.
Mar.1 Issued 1,300 shares of preferred stock for cash at $70 per share.
July 1 Issued 16,000 shares of common stock for cash at $7 per share.
Sept. 1 Issued 400 shares of preferred stock for a patent. The asking price of the patent was $28,000. Market price for the preferred stock was $70 and the fair value for the patent was indeterminable.
Dec. 1 Issued 8,000 shares of common stock for cash at $7.50 per share.
Dec. 31 Net income for the year was $260,000. No dividends were declared.
Required:
Journalize the transactions and the closing entry for net income.
Answer:
Feb 1
Dr Land $125,000
Cr Preferred Stock ($10 par) $20,000
Cr Paid-in Capital in Excess of Par value/preferred stock $105,000
Mar 1
Dr Cash $91,000
Cr Preferred Stock ($10 par)$13,000
Cr Paid-in Capital in Excess of Par/Preferred Stock $78,000
July 1
Dr Cash $112,000
Cr Common Stock ($5 par)80,000
Cr Paid-in Capital in Excess of Par/Common Stock $32,000
Sept 1
Dr Patent $28,000
Cr Preferred Stock ($10 par)$4,000
CrPaid-in Capital in Excess of Par/Preferred Cr Stock $24,000
Dec 1
Dr Cash $60,000
Cr Common Stock ($5 par) $40,000
Cr Paid-in Capital in Excess of Par/Common Stock $20,000
Dec 31
Dr Income Summary $260,000
Cr Retained Earnings $260,000
Explanation:
Preparation of the Journal entries and the closing entry for net income.
Feb 1
Dr Land $125,000
Cr Preferred Stock ($10 par) $20,000
($2,000*$10)
Cr Paid-in Capital in Excess of Par value/preferred stock $105,000
($125,000-$20,000)
(Issued 2,000 shares preferred stock for land, fair value $125,000)
Mar 1
Dr Cash $91,000
(1,300*$70)
Cr Preferred Stock ($10 par)$13,000
($10*1,300)
Cr Paid-in Capital in Excess of Par/Preferred Stock $78,000
($91,000-$13,000)
(Issued 1,300 shares preferred stock for cash, $70 per share)
July 1
Dr Cash $112,000
(16,000*$7)
Cr Common Stock ($5 par)80,000
(16,000*$5)
Cr Paid-in Capital in Excess of Par/Common Stock $32,000
($112,000-$80,000)
(Issued 16,000 shares common stock, $7 per share)
Sept 1
Dr Patent $28,000
(400*$70)
Cr Preferred Stock ($10 par)$4,000
($10*400)
CrPaid-in Capital in Excess of Par/Preferred Cr Stock $24,000
($28,000-$4,000)
(Issued 400 shares of preferred stock, trade for patent, unable to value)
Dec 1
Dr Cash $60,000
(8,000*$7.50)
Cr Common Stock ($5 par) $40,000
Cr Paid-in Capital in Excess of Par/Common Stock $20,000
($60,000-$40,000)
(Issued 8,000 shares common stock, $7.50 per share)
Dec 31
Dr Income Summary $260,000
Cr Retained Earnings $260,000
(Net income to retained earnings, closing income summary)
Please help me with this question
Certify Completion Icon Tries remaining:3 Suppose that you and a friend are playing cards and you decide to make a friendly wager. The bet is that you will draw two cards without replacement from a standard deck. If both cards are diamonds, your friend will pay you $296. Otherwise, you have to pay your friend $17. Step 1 of 2 : What is the expected value of your bet? Round your answer to two decimal places. Losses must be expressed as negative values.
Answer:
The expected value of the bet is –$0.95.
Explanation:
Number of cards in a standard deck = 52
Number of diamonds in a standard deck = 13
The probability (P) that the two cards that will be drawn without replacement will be diamonds is therefore as follows:
P = (13 / 52) * (12 / 51) = 0.0588
The probability (P) that the two cards that will be drawn without replacement will NOT be diamonds is also as follows:
1 – P = 1 – 0.0588
1 – P = 0.9412
Amount your friend will pay you if both cards are diamonds = $296
Amount you will pay your friend if both cards are NOT diamonds = -$17 (Note that this is negative since it is a loss)
Expected value of the bet = (P * $296) + ((1 – P) * ($-17)) = (0.0588 * $256) – (0.9412 * 17) = –$0.95
The data shown were obtained from the financial records of Italian Exports, Inc., for March: Estimated Sales $510,000 Sales 567,933 Purchases 294,820 Ending Inventory* 10% Administrative Salaries 50,360 Marketing Expense** 5% Sales Commissions 2% Rent Expense 7,400 Depreciation Expense 1,000 Utilities 2,600 Taxes*** 15% *of next month's sales **of estimated sales ***of income before taxes Sales are expected to increase each month by 10%. Prepare a budgeted income statement. Round your answers to the nearest dollar. Italian Exports, Inc. Budgeted Income Statement For the Month Ending Mar. 31, 2020 Sales $fill in the blank 2 567,933 Cost of Goods Sold Beginning Inventory $fill in the blank 4 0 Purchases fill in the blank 6 294,820 Cost of Goods Available for Sale $fill in the blank 8 294,820 Ending Inventory fill in the blank 10 29,482 Cost of Goods Sold $fill in the blank 12 265,338 Gross Profit fill in the blank 14 302,595 Operating Expenses $fill in the blank 16 fill in the blank 18 fill in the blank 20 fill in the blank 22 fill in the blank 24 fill in the blank 26 Total Operating Expenses $fill in the blank 27 $fill in the blank 29 fill in the blank 31 $fill in the blank 33
Answer:
Italian Exports, Inc.
Italian Exports, Inc.
Budgeted Income Statement
For the Month Ending Mar. 31, 2020
Sales $ 567,933
Cost of Goods Sold
Beginning Inventory $0
Purchases 294,820
Cost of Goods Available for Sale $294,820
Ending Inventory (10%) 29,482
Cost of Goods Sold $265,338
Gross Profit 302,595
Operating Expenses:
Marketing Expense (5%) 25,500
Sales Commissions (2%) 11,359
Rent Expense 7,400
Depreciation Expense 1,000
Utilities 2,600
Total Operating Expenses $47,859
Operating income $254,736
Taxes (15% of next month sales) 84,150
Net Income $170,586
Explanation:
a) Data and Calculations:
Estimated Sales $510,000
Sales 567,933
Purchases 294,820
Ending Inventory* 10%
Administrative Salaries 50,360
Marketing Expense** 5% of $510,000 = $25,500
Sales Commissions 2% of $567,933 = $11,359
Rent Expense 7,400
Depreciation Expense 1,000
Utilities 2,600
Taxes*** 15% *of next month's sales **of estimated sales ***of income before taxes
Estimated sales next month = $561,000 (1.1 * $510,000)
Taxes = $84,150 (15% of $561,000)
Lamont Company produced 80,000 machine parts for diesel engines. There were no beginning or ending work-in-process inventories in any department. Lamont incurred the following costs for May:
Molding Department Grinding Department Finishing Department
Direct materials $12,000 $5,300 $8,000
Direct labor 10,000 8,500 12,000
Applied overhead 17,000 15,000 11,000
Required:
a. Calculate the costs transferred out of each department.
b. Prepare the journal entries corresponding to these transfers.
Answer:
A. Molding Department $39,000
Grinding Department $69,800
Finishing Department $100,800
B. Dr Work in Process-Grinding $ $39,000
Cr Work in Process-Molding $39,000
Dr Work in Process-Finishing $69,800
Cr Work in Process-Grinding $69,800
Dr Finished Goods $100,800
Cr Work in Process-Finishing $100,800
Dr Work in Process-Grinding $30,800
Cr Materials $5,300
Cr Payroll 8,500
Cr Overhead Control $15,000
Explanation:
A. Calculation to determine the costs transferred out of each department.
Molding Department Grinding Department Finishing Department
Direct materials $12,000 $5,300 $8,000
Add Direct labor 10,000 8,500 12,000
Add Applied overhead 17,000 15,000 11,000
Total Cost Added $39,000 $30,800 $31,000
Costs transferred in $0 $39,000 $69,800
($39,000+$30,800=$69,800)
Costs transferred out
$39,000 $69,800 $100,800
($30,800+$39,000=$69,800)
($31,000+$69,800=$100,800)
B. Preparation of the journal entries corresponding to these transfers.
Dr Work in Process-Grinding $ $39,000
Cr Work in Process-Molding $39,000
Dr Work in Process-Finishing $69,800
Cr Work in Process-Grinding $69,800
Dr Finished Goods $100,800
Cr Work in Process-Finishing $100,800
Dr Work in Process-Grinding $30,800
Cr Materials $5,300
Cr Payroll 8,500
Cr Overhead Control $15,000
A commercial cleaning company spends an average of $500 per year, per customer, in supplies, wages, and account maintenance. An average customer generates $1,000 in revenue per year. Assuming a discount rate of 12% and an annual retention rate of 80%. What would BEST estimate for the lifetime value of an average customer using the simplified customer lifetime value (CLV) equation?
Answer:
$1,250
Explanation:
The computation is shown below:
Customer life time value = Gross contribution margin × (yearly retention rate ÷ 1 + yearly discount rate - yearly retention rate)
= $500 × (0.8 ÷ 1 + 0.12 - 0.80)
= $400 ÷ 0.32
= $1,250
The gross contribution margin would be
= $1,000 - $500
= $500
hence, the estimate for the lifetime value os $1,250
Schwartz, Inc. is looking to hire one of the many outstanding students from the Management 212 class. On January 1, 2021, Schwartz, Inc. and Johnny enter into an oral employment contract where Johnny will begin work after his graduation in May 2021. The contract calls for Johnny to begin work on June 1, 2021 and work until February 28, 2022. Prior to Johnny's graduation day, Schwartz changes his mind and tells Johnny he will not be working at Schwartz, Inc. Schwartz decides that he can get a graduate from an Austin-based school at half the salary. Is this contract voidable by Schwartz, Inc. and explain why or why not?
Answer:
Oral Employment Contract
We shall assume that Schwartz Inc. changed its mind some period before the May 2021 Johnny's graduation date.
We can argue that the contract is voidable by Schwartz because it was an oral contract. The protections accorded a written contract are missing. And the conditions for voiding the contract are not clearly enumerated as in a written contract.
The contract duration favors Johnny more than Schartz, Inc. because it is for a year and no more.
Therefore, since the employment contract is for a year, it is legally enforceable by Johnny.
Explanation:
But if Schwartz were to void the contract in May 2021 when no opportunity would be given to Johnny to enter into another contract immediately, we could conclude that to void the contract was unconscionable. Contracts are not voidable with a change of mind, most especially if the other party would suffer some damages as result. Contracts require legal reasons for voiding them.
Carolyn Bates is a junior in college studying economics. She has created a new software application that applies the four principles of economic decision making to any potential decision that a user faces. She is considering leaving school after this academic year to pursue further development of her app. Carolyn should consider all of the following costs when calculating the opportunity costs of leaving college EXCEPT the:_______________
a. potential fame that could come from creating a useful app.
b. cost of supplies and the technology fees she paid during the first three years of college.
c. potential forgone profits from selling her app.
d. None of the answers
e. time she will spend studying instead of working on the app.
When the opportunity cost is determined so the supplies cost & the technology fees should not be considered.
The following information should be considered:
Opportunity cost is the cost that refers to the next & better alternative i.e. forgone.The supplies cost & the technology fees refer to the cost that does not go as she will be considered the time that spends on the application.Along with this, the potential fame she received.And, the profits she earned.Therefore we can conclude that when the opportunity cost is determined so the supplies cost & the technology fees should not be considered.
Learn more about the opportunity cost here: brainly.com/question/13036997
capital city of Morocco
Answer:Rabat
Explanation:
Answer:
Rabat is the capital city of Morocco.
the utility is generally related to
Explanation:
Utility is a term in economics that refers to the total satisfaction received from consuming a good or service. Economic theories based on rational choice usually assume that consumers will strive to maximize their utility.
Required Rate of Return
Suppose rRF = 4%, rM = 9%, and rA = 12%.
Calculate Stock A's beta. Round your answer to one decimal place.
If Stock A's beta were 1.9, then what would be A's new required rate of return? Round your answer to one decimal place. %
Answer: See explanation
Explanation:
1. Based on the information given, Stock A's beta will be calculated below using the formula:
Required return = risk-free rate + Beta × (market rate- risk-free rate )
We then input in the values given into the formula which will be:
12 = 4 + Beta × (9-4)
Beta = (12-4) / (9-4)
Beta = 8/5
Beta = 1.6
Therefore, stock A beta = 1.6
2. If Stock A's beta were 1.9, then what would be A's new required rate of return?
This will be:
= 4 + [1.9 × (9-4)]
= 4 + (1.9 × 5)
= 4 + 9.5
= 13.5%
Journal Entries, T-Accounts Ehrling Brothers Company makes jobs to customer order. During the month of July, the following occurred: Materials were purchased on account for $45,670. Materials totaling $40,990 were requisitioned for use in producing various jobs. Direct labor payroll for the month was $22,400 with an average wage of $14 per hour. Actual overhead of $9,020 was incurred and paid in cash. Manufacturing overhead is charged to production at the rate of $5.50 per direct labor hour. Completed jobs costing $58,000 were transferred to Finished Goods. Jobs costing $59,000 were sold on account for $73,750. Make the entry to record the revenue from the sale first, followed by the entry to record the cost of the jobs. Beginning balances as of July 1 were: Materials Inventory $1,200 Work-in-Process Inventory 3,400 Finished Goods Inventory 2,630 Required: Message
Answer: See attachment
Explanation:
a. The journal entries for the preceding events have been attached. Note that for (e), work in process inventory was calculated as:
= $22400 × 5.5/14 = $8800
b. The ending balance for:
Material inventory = 1200 + 44670 - 40990 = 5880
Work in process inventory = 3400 + 40990 + 22400 + 8800 - 58000 = 17590
Overhead control = 9020 - 8800 = 220
Finished goods inventory = 2630 + 58000 - 59000 = 1630
Bill Anderson, the Materials Manager of XYZ Firm, is interested in assessing the inventory management performance of the firm. The following (partial) Annual Income Statement and the four Quarterly Balance Sheet for the fiscal year 202X has been obtained.
XYZ Company, Income Statement, FY 202X
Net sales $950,000
Cost of goods sold 620,000
Operating expenses 190,000
XYZ Company, Quarterly Balance Sheet, FY 202X
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Cash $46,000 $37,900 $82,000 $54,000
Accounts receivable 55,500 46,000 123,000 72,000
Inventory:
Finished goods 42,440 35,080 12,540 39,050
Work-in-process 27,780 25,770 20,120 32,990
Materials 32,580 79,000 52,910 22,670
Plant assets 510,000 510,000 540,000 540,000
Required:
a. How many weeks of supply does the XYZ Company carry?
b. How many inventory turns did the company went through in FY 202X?
Answer:
Net sales = $950,000
Cost of goods sold = $660,000
Finished Goods$ W.I.P$ Materials$
Q1 42,440 27,780 32,580
Q2 35,080 25,770 79,000
Q3 12,540 20,120 52,910
Q4 39,050 32,990 22,670
Total 129,110 106,660 187,160
a. Inventory Turnover Ratio
Sales/F.G COGS/WIP COGS/R.M.
950,000/129,110 66,000/106,660 660,000/187,160
7.35 times 6.18 times 3.52 times
b. Inventory weeks on hand (i.e. 52 weeks/inventory)
52/7.35 52/6.18 52/3.52
7.07 8.41 14.77
7 weeks 8 weeks 15 weeks
After the U.S. film Django Unchained was recut and released in China, it performed poorly, partly because Chinese filmgoers had already seen the unedited film on DVD. What disadvantage of competing globally does this situation reflect?
The situation of Django Unchained's release in China after a month tuning out to be a poor-performing one, mainly because of the fact disadvantage of global access when competing globally.
What is the significance of global competition?Global competition can be referred to or considered as a situation wherein a firm or an organization has a direct competition with the other players in the industry on a global scale. Liberalization leads to be an advantage for global competition, but not in all cases.
One of the main disadvantages that liberalization that global competition brings is the one of eased global access. This also led to failure of the film Django Unchained in China, which released a month in the country a month after its global release.
Therefore, the significance of global competition has been aforementioned.
Learn more about global competition here:
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An increase in supply: (2)
(a) Indicates that more is supplied at higher prices.
(b) Indicates that more is supplied at lower prices.
(c) Indicates that more is supplied at all prices.
(d) The demand curve will become more inelastic.
Answer:
A). Indicates that more is supplied at higher prices.
Explanation:
As per the law of supply, an increase in supply would signify that 'the firms are willing to sell more goods at a higher price' because they can make more profit now as compared to the supply at a lower price. The supply and price of a normal good have a positive association and therefore, an increase in price stimulates the supply as well. However, there are certain other factors responsible for the increase in supply like a fall in costs of production, an increase in the number of producers in the market, etc yet among the given options, the first one asserts a true claim. Thus, option A is the correct answer.
hi guys, can anoye one tell me the rigth answer? I cant find the answer anywhere. please tell the correct answer.
Answer:
Ben-ha-dad.
Explanation:
Answer:
The answer is Ben-ha-dad
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