Answer:
hey what's up pick me up at took your picture a picture pick a picture
Explanation:
why you phone number give me phone number Chen. I will call you you married
Applying the midpoint formula, what is the price elasticity of demand if a drop in the price of energy drinks from $2 to $1 per can leads to an increase in the quantity demanded from 100 million to 150 million cans
Answer:
-0.6
Explanation:
Price elasticity of demand = Δ Change in quantity / Δ Change in price
Price elasticity of demand = [150-100/((150+100)/2)] / [1-2/((1+2)/2)]
Price elasticity of demand = [50/125]/ [-1/1.5]
Price elasticity of demand = 0.4/-0.66666
Price elasticity of demand = -0.6
Duffy-Deno (2003) estimated that the demand function for broadband service was Qs = 15.6p−0.563 for small firms and Ql = 16.0p−0.296 for larger ones. These two demand functions cross. What can you say about the elasticities of demand on the two demand curves at the point where they cross? What can you say about the elasticities of demand more generally (at other prices)? (Hint: The question about the crossing point may be a red herring. Explain why.)
Answer:
At point of intersection ; p = $0.90 The elasticities of the demand functions remain the same because they are independent functions during the entire demand curveExplanation:
First we Determine the elasticity of demand for both Large firm and smaller firms
For Larger firms
∈1 = -0.296
For smaller firms
∈s = -0.563
At the point of crossing Determine the price at the point of crossing of the demand curves
Qs = Ql
the price at intersection ( P ) = $0.90
what can be said about the elasticities of demand is that the elasticities of the demand functions remain the same because they are independent during the entire demand curve
OHARA COMPANY
Income Statement
For the Year Ended December 31, 2017
Net sales $2,218,500
Cost of goods sold 1,012,400
Selling and administrative expenses 906,000
Interest expense 78,000
Income tax expense 69,000
Net income $ 153,100
OHARA COMPANY
Balance Sheet
December 31, 2017
Assets
Current assets
Cash $ 60,100
Debt investments 84,000
Accounts receivable (net) 169,800
Inventory 145,000
Total current assets 458,900
Plant assets (net) 575,300
Total assets $ 1,034,200
Liabilities and Stockholders’ Equity
Current liabilities
Accounts payable $ 160,000
Income taxes payable 35,500
Total current liabilities 195,500
Bonds payable 200,000
Total liabilities 395,500
Stockholders’ equity
Common stock 350,000
Retained earnings 288,700
Total stockholders’ equity 638,700
Total liabilities and stockholders’ equity
$1,034,200
Additional information: The net cash provided by operating activities for 2017 was $190,800. The cash used for capital expenditures was $92,000. The cash used for dividends was $31,000. The weighted-average number of shares outstanding during the year was 50,000.
(i) Working capital. (2016: $160,500; 2017: $263,400)
(ii) Current ratio. (2016: 1.65:1; 2017: 2.35:1)
(iii) Free cash flow. (2016: $48,700; 2017: 67,800)
(iv) Debt to assets ratio. (2016: 31%; 2017: 38.2%)
(v) Earnings per share. (2016: $3.15; 2017: $3.06)
Answer:
Explanation:
From the given information, the ratio analysis for the year 2017 at OHARA Company can be computed as follows:
1. Working capital = Current (assets - liabilities)
Working capital = $458900 - $195500
Working capital = $263,400 (for 2017)
Given that the working capital for 2016 = $160,500
Thus, the % increase of 2017 over 2016 = 64.11% increase.
2. Current ratio = Current assets / Current liabilities
Current ratio = 458,900/195,500
Current ratio = 2.35 (for 2017)
Given that the Current ratio for 2016 = 1.65
Thus, the % increase of 2017 over 2016 = 42.43% increase
3. Free cash flows = Operating cash flows - Capital expenditure - dividends
Free cash flows = $190800 - $92000 - $31000
Free cash flows = $67,800
Given that the free cash flow for 2016 = $48,700
Thus, the % increase of 2017 over 2016 = 39.22%
4.
[tex]Debt to assets ratio = \dfrac{Total \ debt} { total \ assets}[/tex]
Debt to assets ratio = 395,500/10,34,200
Debt to assets ratio = 38.24%
Given that the debt to assets ratio for 2016 = 31%
Thus, the % increase of 2017 over 2016 = 23.35%
5.
Earnings per share = [tex]\dfrac{earnings \ available \ to \ equity \ shares}{weighted \ a verage \ equity \ shares}[/tex]
Earnings per share = [tex]\dfrac{153100}{50000}[/tex]
Earnings per share = $3.06
Given that the earnings per share = $3.15
Thus, the % decrease of 2017 over 2016 = 2.86%
Applying the research findings to a marketing strategy plan is the ______ step in the marketing research process. Multiple choice question.
Answer:
Fifth.
Explanation:
Market research can be defined as a strategic technique which typically involves the process of identifying, acquiring and analyzing informations about a business. It involves the use of product test, surveys, questionnaire, focus groups, interviews, etc.
Secondary market research can be defined as a method designed to determine the demographics of a particular target market.
Applying the research findings to a marketing strategy plan is the fifth step in the marketing research process.
Please check if my answers to first part is correct.
Discussion Question 4-6 (LO. 1)
1. Complete the statements below regarding "what is the control requirement of § 351".
The control requirement specifies that the person or persons transferring property to the corporation must own, immediately after the transfer, stock possessing at least 80% of the total combined voting power of all classes of stock entitled to vote, and at least 75% of the total number of shares of all other classes of the corporation's stock.
2. Classify the following as either "True" or "False" regarding the control requirement of § 351.
a. If a shareholder renders only services to the corporation for stock, the transfer cannot qualify under § 351 because services rendered are not "property."
b. If a shareholder renders services and transfers property to the corporation for stock, the shareholder will never be treated as a member of the transferring group.
c. Stock under momentary control counts in determining control if the plan for the sale or other disposition of the stock existed before the exchange.
d. If a long period of time elapses between the transfers of property by different shareholders to the corporation, the control requirement may be lost regarding the later transfers because no documentation exists making multiple transfers part of an integrated plan.
Answer:
1. Correct
after, 80%, 75%
2. a. True
b. False
c. False
d. False
Explanation:
When shareholder renders services and transfers property to the corporation the shareholder is treated as member of transferring group. Stocks under momentary control does not count in determining control. The long period elapses between transfer of property, the control requirement may be lost because there is no transferring group.
Purpose: Organization design refers to the overall set of elements used to configure an organization. The purpose of this exercise is to give you insights into how managers must make decisions within the context of creating an organization design. Introduction: Whenever a new enterprise is started, the owner must make decisions about how to structure the organization. For example, he or she must decide what functions are required, how those functions will be broken down into individual jobs, how those jobs will be grouped back together into logical departments, and how authority and responsibility will be allocated across positions. Instructions: Assume that you have decided to open a handmade chocolate business in your local community. Your products will be traditional bars and novelty-shaped chocolates, truffles, other chocolate products such as ice cream, and gift baskets and boxes featuring chocolates. You have hired a talented chef and believe that her expertise, coupled with your unique designs and high-quality ingredients, will make your products very popular. You have also inherited enough money to get your business up and running and to cover about one year of living expenses in other words, you do not need to pay yourself a salary). You intend to buy food items including chocolate, cocoa, white chocolate, nuts, and fruit from suppliers who deliver to your area. Your chef will then turn those ingredients into luscious
Answer:
hmm I know with that is the silver kind to you and
Harding Company is in the process of purchasing several large pieces of equipment from Danning Machine Corporation. Several financing alternatives have been offered by Danning: (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) 1. Pay $1,000,000 in cash immediately. 2. Pay $420,000 immediately and the remainder in 10 annual installments of $80,000, with the first installment due in one year. 3. Make 10 annual installments of $135,000 with the first payment due immediately. 4. Make one lump-sum payment of $1,500,000 five years from date of purchase. Required: Determine the best alternative for Harding, assuming that Harding can borrow funds at an 8% interest rate. (Round your final answers to nearest whole dollar amount.)
Answer:
the best option is 4 as it have the highest present value
Explanation:
The computation is shown below:
For option 1
PV = $1,000,000
For option 2
PV = $420,000 + $80,000 × PVIFA (8% , 10)
= $420,000 + $80,000 × 6.710
= $956,800
For option 3
PV = $135,000 + $135,000 × PVIFA (8% , 9)
= $135,000 + $135,000 × 6.247
= $978,345
For option 4
PV = $1,500,000 × PVIF (8% , 5)
= $1,500,000 × 0.681
= $1,021,500
So the best option is 4 as it have the highest present value
DiSalvio Co. uses a job order cost system. The following data summarize the operations related to production for May:a. Materials purchased on account, $634,000.b. Materials requisitioned, $646,200, of which $74,500 was for general factory use.c. Factory labor used, $660,200, of which $91,200 was indirect.d. Other costs incurred on account for factory overhead, $147,500; selling expenses, $234,000; and administrative expenses, $146,400.e. Prepaid expenses expired for factory overhead were $29,200; for selling expenses, $26,800; and for administrative expenses, $18,000.f. Depreciation of office building was $84,600; of office equipment, $43,340; and of fac-tory equipment, $32,000.g. Factory overhead costs applied to jobs, $362,000.h. Jobs completed, $1,002,000.i. Cost of goods sold, $890,000.InstructionsJournalize the entries to record the summarized operations.SHOWME HOWGeneral Ledger Chapter 2 Job Order Costing 69Ex 2-18PR
Answer:
Date Account Description Debit Credit
May 1 Material inventory $634,000
Accounts Payable $634,000
Date Account Description Debit Credit
May 2 Work in Process (646,200 - 74,500) $571,700
Factory Overhead $74,500
Materials $646,200
Date Account Description Debit Credit
May 31 Work in Process (660,200 - 91,200) $569,000
Factory Overhead $91,200
Materials $660,200
Date Account Description Debit Credit
May 31 Factory Overhead $147,500
Selling expenses $234,000
Admin expenses $146,400
Accounts payable $527,900
Date Account Description Debit Credit
May 31 Factory Overhead $29,200
Selling expenses $26,800
Admin expenses $18,000
Prepaid expenses $74,000
Date Account Description Debit Credit
May 31 Depreciation expense - Office building $84,600
Depreciation expense - Office equipment $43,340
Factory Overhead $32,000
Accumulated depreciation $159,940
Date Account Description Debit Credit
May 31 Work in Process $362,000
Factory Overhead $362,000
Date Account Description Debit Credit
May 31 Finished Goods $1,002,000
Work in Process $1,002,000
Date Account Description Debit Credit
May 31 Cost of goods sold $890,000
Finished Goods $890,000
Extended warranties
Carnes Electronics sells consumer electronics that carry a 90-day manufacturer’s warranty. At the time of purchase, customers are offered the opportunity to also buy a two-year extended warranty for an additional charge. During the year, Carnes received $412,000 for these extended warranties (approximately evenly throughout the year).
Required:
1.Does this situation represent a loss contingency? Why or why not? How should it be accounted for?
2.Prepare journal entries that summarize sales of the extended warranties (assume all credit sales) and any aspects of the warranty that should be recorded during the year.
Solution :
1. This is not a loss contingency as extended warranty is being priced as well sold separately from warranted products and therefore constitutes the separate sales transaction.
2.
Event General Journal Debit Credit
1 Cash $412,000
Unearned revenue -- extended warranties $412,000
2. Unearned revenue -- extended warranties $ 57937.50
Revenue - Extended Warranties $ 57937.50
Working :
The manufacturer provided 90 days which is 3 months of free warranty. Thus a customer who is purchasing the extended warranty is for 09 months.
Now amount received by Carnes Electronics for the extended warranty in one year = $412,000
So, [tex]$\$ 412,000 \times \frac{9}{12}= \$309000$[/tex] of sales.
The warranty is for two years and so 4.5 months in one year.
Therefore the revenue earned on the extended warranty is :
[tex]$\$309000 \times \frac{4.5 \text{ months}}{24 \text{ months}}$[/tex]
= $ 57937.50
Simon Company’s year-end balance sheets follow. At December 31 Current Yr 1 Yr Ago 2 Yrs Ago Assets Cash $ 30,200 $ 35,250 $ 37,000 Accounts receivable, net 88,400 62,000 49,000 Merchandise inventory 111,000 81,200 53,500 Prepaid expenses 10,800 9,300 4,800 Plant assets, net 280,000 254,000 225,000 Total assets $ 520,400 $ 441,750 $ 369,300 Liabilities and Equity Accounts payable $ 129,200 $ 75,500 $ 51,200 Long-term notes payable secured by mortgages on plant assets 96,000 100,750 81,800 Common stock, $10 par value 163,000 163,000 163,000 Retained earnings 132,200 102,500 73,300 Total liabilities and equity $ 520,400 $ 441,750 $ 369,300 The company’s income statements for the Current Year and 1 Year Ago, follow. For Year Ended December 31 Current Yr 1 Yr Ago Sales $ 725,000 $ 550,000 Cost of goods sold $ 449,500 $ 341,000 Other operating expenses 232,000 126,500 Interest expense 11,200 13,000 Income tax expense 9,350 8,525 Total costs and expenses 702,050 489,025 Net income $ 22,950 $ 60,975 Earnings per share $ 1.41 $ 3.74 For both the Current Year and 1 Year Ago, compute the following ratios: (3-a) Return on total assets. (3-b) Based on return on total assets, did Simon's operating efficiency improve or worsen in the Current Year versus 1 Year Ago?
Answer:
Simon Company
a) Return on total assets:
For Year Ended December 31, Current Yr 1 Yr Ago
Return on total assets = 4.41% $13.8%
b) Based on the return on total assets, Simon's operating efficiency worsened in the Current Year versus 1 Year Ago because ROA reduced from 13.8% to 4.41%.
Explanation:
a) Data and Calculations:
Simon Company’s year-end balance sheets follow.
At December 31 Current Yr 1 Yr Ago 2 Yrs Ago
Assets
Cash $ 30,200 $ 35,250 $ 37,000
Accounts receivable, net 88,400 62,000 49,000
Merchandise inventory 111,000 81,200 53,500
Prepaid expenses 10,800 9,300 4,800
Plant assets, net 280,000 254,000 225,000
Total assets $ 520,400 $ 441,750 $ 369,300
Liabilities and Equity
Accounts payable $ 129,200 $ 75,500 $ 51,200
Long-term notes payable secured by mortgages
on plant assets 96,000 100,750 81,800
Common stock,
$10 par value 163,000 163,000 163,000
Retained earnings 132,200 102,500 73,300
Total liabilities and
equity $ 520,400 $ 441,750 $ 369,300
The company’s income statements for the Current Year and 1 Year Ago, follow.
For Year Ended December 31, Current Yr 1 Yr Ago
Sales $ 725,000 $ 550,000
Cost of goods sold $ 449,500 $ 341,000
Other operating expenses 232,000 126,500
Interest expense 11,200 13,000
Income tax expense 9,350 8,525
Total costs and expenses 702,050 489,025
Net income $ 22,950 $ 60,975
Earnings per share $ 1.41 $ 3.74
Return on Total Assets:
For Year Ended December 31, Current Yr 1 Yr Ago
Net income $ 22,950 $ 60,975
Total assets $ 520,400 $ 441,750
Return on total assets = 4.41% $13.8%
Why did Steve and Vic focused on smaller cities rather than Silicon Valley
Answer:
focusing on smaller cities rather than areas like silicon valley a good strategy, why? Larger cities have a lot more competition and a great way to help others in smaller cities with money and jobs. They can have their businesses all over the world and be able to give success to everyone.
Explanation:
there is your answer