The factors which contributed to the mortgage defaults of financial crisis 2007-08 are housing bubble, subprime lending, securitization, economic downturn, lack of regulation, etc. and the correct option is h. all of the above.
There were several factors that contributed to the high number of mortgage defaults during the financial crisis of 2007 and 2008. These include:
1. Subprime lending: This refers to the practice of lending to borrowers with poor credit or limited income. Many subprime borrowers were given adjustable-rate mortgages (ARMs) with low introductory interest rates that later increased significantly, making it difficult for them to make their mortgage payments.
2. Housing bubble: The housing market experienced a significant increase in prices, which led to an increase in demand for mortgages. Lenders responded by offering more mortgages, which led to an oversupply of housing and ultimately a housing bubble. Home prices were artificially inflated, leading to people buying homes they couldn't afford. When the bubble burst, home values dropped, and many borrowers owed more on their mortgage than their homes were worth.
3. Securitization: This refers to the process of bundling mortgages together and selling them to investors as securities. These securities were often complex and difficult to value, which made it difficult for investors to determine their true value.
4. Lack of regulation: There was a lack of regulation in the mortgage industry, which allowed lenders to engage in risky lending practices and sell securities that were not properly evaluated.
5. Economic downturn: The financial crisis was exacerbated by the overall economic downturn, which led to high unemployment rates and a decrease in home values, making it difficult for homeowners to sell their homes or refinance their mortgages.
6. Adjustable-rate mortgages (ARMs): These loans had low initial interest rates that later increased significantly, making monthly payments unaffordable for many borrowers.
7. Lax underwriting standards: Lenders often approved loans without verifying income or assets, resulting in borrowers receiving loans they couldn't afford.
Therefore, all of the above (option h) are factors contributed to the high mortgage defaults.
The options are:
a. Subprime lending b. housing bubble c. Securitization d. lack of regulation e. economic downturn f. adjustable-re-rate mortgages g. lax underwriting standards h. all of the above
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1 points QUESTION 2 Dollar Deals sells a single product that has a unit variable cost of 89 per unit The company's total fixed costs are $220,000 The company estimatos demand at various activity levels as follows Units Demanded Unit Price 54,000 $15 65,000 $14 72.000 $13 82000 $12 What price should Dollar Deals charge to maximize profits?
A $14
B. 513
C. 515
D. .512
To maximize profits, Dollar Deals should choose the price point that generates the highest contribution margin per unit. Contribution margin is calculated as the difference between the unit price and the unit variable cost. Therefore, the answer is: A. $14.
Profit is the financial gain that a business or individual makes after deducting all the expenses from the revenue earned. In other words, it is the difference between the total revenue and the total expenses incurred in producing or delivering a product or service. Using the data given in the question, we can calculate the contribution margin at each activity level:
At 54,000 units:
Contribution Margin = (15 - 89) = $
At 65,000 units:
Contribution Margin = (14 - 89) = $5
At 72,000 units:
Contribution Margin = (13 - 89) = $4
At 82,000 units:
Contribution Margin = (12 - 89) = $3
Since the unit variable cost is the same for all levels of demand, we can see that the contribution margin decreases as the unit price decreases. Therefore, the optimal price point is $15, which generates the highest contribution margin per unit.
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Monopolistic competitors advertise to differentiate their products. Advertising can serve at least two useful functions: it can impart information, and it can signal product quality. Match the examples to the likely purpose of advertising in each case.Home Depot advertises a Black Friday sale in a weekly circular.A Cadillac commercial shows a famous athlete driving a Cadillac.A BMW billboard introduces the new 3 series and highlights its great gas mileage.At the opening of a new dealership, Mercedes distributes an extravagant brochure.ANSWER BANK:A. Advertising as informationB. Advertising as a signal of quality
1. Home Depot advertises a Black Friday sale in a weekly circular: A. Advertising as information
In monopolistic competition, firms have some degree of control over the price of their products because they offer differentiated products that are not perfect substitutes for one another. As a result, firms engage in advertising to differentiate their products from those of their competitors and to attract customers.
Advertising can serve at least two useful functions in this context: it can impart information to potential customers about the features, benefits, and price of a product, and it can signal product quality to potential customers.
2. A Cadillac commercial shows a famous athlete driving a Cadillac: B. Advertising as a signal of quality.
3. A BMW billboard introduces the new 3 series and highlights its great gas mileage: A. Advertising as information
4. At the opening of a new dealership, Mercedes distributes an extravagant brochure: B. Advertising as a signal of quality
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a product has the time phased net net requirement below. assume the setup cost is $200/order and holding cost is $0.3/week.
It refers to the amount of inventory that is needed at a particular point in time, taking into account the lead time required to receive the inventory and the demand forecast.
It is often calculated using a material requirements planning (MRP) system. Now, assuming that we have the time-phased net requirement for a particular product, we can use this information to calculate the total cost of ordering and holding inventory.
The setup cost of $200/order is incurred each time we place an order for the product, and the holding cost of $0.3/week is incurred for each unit of inventory that we hold over time. To calculate the total ordering cost, we need to determine how many orders we will need to place over the planning horizon (i.e., the time period covered by the time-phased net requirement).
This can be done by dividing the total demand for the product over the planning horizon by the order quantity. For example, if the total demand over the planning horizon is 1,000 units and the order quantity is 100 units, we will need to place 10 orders.
The total ordering cost would be $200 x 10 = $2,000. To calculate the total holding cost, we need to determine how much inventory we will be holding over time. This can be done by subtracting the demand from the incoming supply at each time period, starting from the beginning of the planning horizon.
The resulting inventory levels will tell us how many units of the inventory we are holding at each time period. We can then multiply the number of units by the holding cost per week to get the total holding cost for each time period. Adding up the holding costs over the planning horizon gives us the total holding cost.
By adding the total ordering cost and the total holding cost, we can calculate the total inventory cost for the product over the planning horizon. This can be a useful metric for comparing different ordering and inventory policies and determining the most cost-effective strategy.
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Describe British economist John Maynard Keynes' proposal to cure economic depressions.-Keynes suggested infusing the economy with government funds to promote spending.-Keynes advocated for "trickle-down" economic policies.-Keynes argued for stronger stimulus packages to corporations and small businesses.-Keynes proposed to cure depressions by dampening the swings of the business cycle.
British economist John Maynard Keynes proposed to cure economic depressions by infusing the economy with government funds to promote spending and dampening the swings of the business cycle.
Keynes believed that in times of economic downturn, people and businesses would save money rather than spend it, leading to a further decline in economic activity. To break this cycle, he proposed that the government should increase its spending to stimulate the economy and encourage people and businesses to spend as well. Keynesian economics called for stronger stimulus packages to corporations and small businesses to create jobs and spur economic growth. He argued that by dampening the swings of the business cycle, the government could prevent severe economic depressions from occurring.
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when using a dividend discount model, the least likely included input variable is the: required return of the investor. growth rate in the return on equity. growth rate in dividends. expected dividend stream.
When using a dividend discount model, the least likely included input variable is the required return of the investor.
A financial technique known as a dividend discount model is used to assess a company's stock price in light of its current dividend payments and projected dividend growth rate.
The investor's necessary return, the growth rate of the return on equity, and the anticipated dividend stream are all taken into account by the model.
The investor's needed return is the input variable that is least likely to be taken into account when utilizing a dividend discount model.
This is due to the fact that the investor's necessary return is arbitrary and can change based on the investor's personal risk tolerance, time horizon, and other considerations.
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Obviously, Sophia is very successful. Does that mean that Amy
Chua's parenting style is a success?
Not necessarily. While Sophia may be very successful, there are a multitude of factors that contribute to her success beyond just her parenting style.
Additionally, there are many different parenting styles that can lead to success in different ways. It's important to remember that every child is unique and what works for one may not work for another. Therefore, we cannot definitively say that Amy Chua's parenting style is a success just based on Sophia's achievements.
While Sophia is indeed very successful, it doesn't necessarily mean that Amy Chua's parenting style is a success for everyone. Parenting styles can vary, and what works for one child might not work for another. Success in parenting can be determined by various factors, including the child's individual needs, temperament, and environment.
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one principal advantage of the corporations is that owners:group of answer choicesare not taxed for income received.always control the company.are sole proprietors.have limited liability.
One principal advantage of corporations is limited liability. When a business is incorporated, it becomes a separate legal entity from its owners.
As a result, shareholders are not personally responsible for the debts or liabilities incurred by the corporation. This means that in the event of bankruptcy or lawsuits against the corporation, shareholders' personal assets are not at risk. Limited liability is a significant advantage because it provides protection to shareholders, allowing them to invest in a business without risking their personal finances. It also allows corporations to raise capital by selling shares to investors, which can be used to finance growth and expansion. In addition to limited liability, corporations also have other advantages, such as perpetual existence, ease of ownership transfer, and access to capital. However, these benefits also come with certain drawbacks, such as increased regulatory requirements, higher taxes, and potential conflicts between shareholders and management. Overall, limited liability is a crucial advantage of corporations that helps to encourage investment and growth while protecting shareholders' personal assets.
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sid is a project manager. what is the best way for him to prioritize tasks?it is best for sid to prioritize tasks according to the .
As a project manager, Sid should prioritize tasks according to the project's goals and objectives, as well as the timeline and available resources.
He can use a priority matrix or a task list to categorize tasks based on their importance and urgency. It's also important for him to communicate with the project team and stakeholders to ensure that everyone is aware of the prioritized tasks and can work efficiently towards achieving project success.
As a project manager, the best way for Sid to prioritize tasks is according to their importance, urgency, and dependencies. This approach will help him manage resources efficiently and ensure timely completion of the project.
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which of the following will fall when the economy is expanding? applications for unemployment benefits consumer confidence nonfarm payrolls business confidence
When the economy is expanding, applications for unemployment benefits will typically fall. In an expanding economy, businesses tend to experience growth, leading to increased job opportunities and a decrease in the unemployment rate. As more people find jobs, the need for unemployment benefits declines.
An expanding economy generally results in improved consumer and business confidence. Consumers feel more confident in their financial stability and purchasing power, which leads to increased spending. Similarly, businesses gain confidence in their prospects, resulting in investment in new projects and workforce expansion. Nonfarm payrolls are likely to increase in this scenario, as businesses hire more employees to meet the growing demand for their goods and services.
To summarize, during an economic expansion, applications for unemployment benefits will typically fall, while consumer confidence, business confidence, and nonfarm payrolls will tend to increase.
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the of data acquired through secondary research is how well it applies to your specific business problem.
When conducting research, there are two types of data sources that can be utilized: primary and secondary research. Primary research involves gathering new data through methods such as surveys, focus groups, or experiments. On the other hand, secondary research involves analyzing and interpreting existing data from sources such as journals, government reports, or company websites.
One of the benefits of secondary research is that it is often more cost-effective and time-efficient compared to primary research. However, the challenge with secondary research is determining the relevance and applicability of the data to your specific business problem.
In order to ensure that the data acquired through secondary research is useful for your business, it is important to critically evaluate the quality and validity of the sources. This includes examining the methodology used to gather the data, the sample size and demographics, and the date of publication. It is also important to consider the context in which the data was collected and whether it is still relevant to your current business situation.
Overall, secondary research can provide valuable insights and support for business decisions, but it is essential to carefully evaluate the data and its applicability to your specific needs.
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Leadership is the ability to influence employees to voluntarily pursue organizational goals. It is needed to create and communicate a company’s vision, strategies, and goals, as well as to execute on these plans and goals. This activity is important because effective leadership does not only matter for high-level executives as every member of an organization should understand its importance and learn the skills associated with it. The goal of this activity is to provide you with problem-solving skills when it comes to issues related to leadership.
A small independent movie requiring big-budget production values is dealing with a set-building delay that is affecting the shoot schedule. The product manager is meeting with her boss, a film producer to discuss the delays. They then meet with the set’s head carpenter and lead electrician. How are the different managers handling the situation? What would you do?
Assume that Andy favors Marina over Ervin because he has known her for longer and has watched her move from working at a restaurant to leading a team on set. Which of the following could best explain a closer connection between Andy and Marina?
Multiple Choice
leader–member exchange
autocratic leadership
democratic leadership
laissez-faire leadership
transactional leadership
The best explanation for a closer connection between Andy and Marina is leader-member exchange. This theory suggests that leaders and their followers develop a special relationship that is based on trust, respect, and mutual benefits. In this case, Andy has developed a closer relationship with Marina because he has seen her grow and develop into a successful leader on set. He trusts her abilities and values her contributions to the team, which has led to a stronger connection between them.
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A company sells two types of products: standard and deluxe. It prepares the following analysis showing budgeted cost and cost driver activity for each of its three activities. Budgeted Activity Dago Activity Budgeted cost Activity Cost Driver Deluxe Total Factory services $ 168,200 Square feet 2,800 5,800 Setup $ 17,000 Setups 500 Quality control $ 201,500 Unito inspected 2,500 5,250 7,750 Compute an activity rate for each activity using activity-based costing. Standard 3,000 300 200 Activity Factory Services Setup Quality control Budgeted Cost $ 168,200 17.000 201,500 Budgeted Activity Usage square foot setups units inspected Activity Rate per square foot per setup per unit inspected A manufacturer uses activity-based costing to assign overhead cost to products. Budgeted cost information for its activities follows. Activity Budgeted cost Activity Cost Driver Budgeted Activity Usage Purchasing $ 201,400 Purchase orders 5,300 purchase orders Factory services 103,650 Square feet 5,800 square feet Setup 67,650 Setups 50 Setups Compute an activity rate for each activity. (Round your answers to 2 decimal places.) Budgeted Activity Usage Activity Rate Activity Purchasing Factory services Setup Budgeted Cost $ 201,400 $ 103,650 $ 67,650 Shakti Company budgets overhead cost of $88,000 for the year. The company reports the following for its standard and deluxe models Cost per Unit Standard Deluxe Direct materials $ 14 $ 25 Direct labor 20 29 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 8,000 direct labor hours. 2. The standard model uses 3 direct labor hours per unit and the deluxe model uses 4 direct labor hours per unit. Compute overhead cost per unit for each model. 3. Compute the total product cost per unit for both models Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 8,000 direct labor hours. Select Numerator Select Denominator Required 2 > Deluxe Shakti Company budgets overhead cost of $88,000 for the year. The company reports the following for its standard and deluxe models. Cont per Unit Standard Direct materials $ 14 $ 25 Direct labor 20 29 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 8,000 direct labor hours. 2. The standard model uses 3 direct labor hours per unit and the deluxe model uses 4 direct labor hours per unit. Compute overhead cost per unit for each model. 3. Compute the total product cost per unit for both models. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 The standard model uses 3 direct labor hours per unit and the deluxe model uses 4 direct labor hours per unit. Compute overhead cost per unit for each model. Model Plantwide Overhead Rato Hours per Unit Overhead Allocated Standard Deluxe per unit per unit (Required 1 Required 3 > Shakti Company budgets overhead cost of $88,000 for the year. The company reports the following for its standard and deluxe models $ 25 29 Cost per Unit Standard Deluxe Direct materials $ 14 Direct labor 20 1. Compute a single plantwide overhead rate assuming the company allocates overhead cost based on 8,000 direct labor hours. 2. The standard model uses 3 direct labor hours per unit and the deluxe model uses 4 direct labor hours per unit Compute overhead cost per unit for each model. 3. Compute the total product cost per unit for both models. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute the total product cost per unit for both models Cost per Unit Direct Materials Direct Labor Overhead Product Cost per Unit $ Standard Deluxe 14 s 25 $ 20 29 $ < Required 2
Activity rates for Shakti Company:
Purchasing: $37.92 per purchase order
Factory services: $17.87 per square foot
Setup: $1,353 per setup
Overhead cost per unit for each model:
Standard: $67.17
Deluxe: $105.50
Total product cost per unit for each model:
Standard: $101.17
Deluxe: $159.50
Activity-based costing (ABC) is a method that assigns overhead costs to products or services based on the actual activities required to produce them.
In the first question, activity rates were computed for each activity based on the budgeted cost and usage of cost drivers. In the second question, a single plantwide overhead rate was computed assuming overhead cost is allocated based on direct labor hours.
Overhead cost per unit and total product cost per unit were then computed for both the standard and deluxe models using the overhead rate and direct labor hours per unit. ABC helps companies to better understand the cost of their products or services and to make informed decisions about pricing and production.
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4. Suppose that we want to estimate the effect of several variables on annual coon- sumption and that we have a panel data set on individuals collected on January 31, 2017 and January 31, 2018. If we include a year dummy for 2018 and use first differencing, can we also include age in the original model? Explain.
Yes, we can include age in the original model even if we use a year dummy for 2018 and first differencing. First differencing is a technique that helps remove any time-invariant individual-specific effects from the data, and including a year dummy helps control for any changes in the overall economic environment between the two time periods.
Age is a variable that is likely to be related to annual consumption, and it can still be included in the model as long as it varies over time within individuals. In other words, as long as there is some variation in age between January 31, 2017, and January 31, 2018, including age in the model should not be a problem. However, if age is constant for all individuals over the two time periods, then it would not be possible to include it in the model using first differencing.
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national co. reported a net loss of $30,000 for 2012, yet its cash balance increased during the year. which financial statement should national's management refer to for an explanation of this situation? group of answer choices balance sheet income statement statement of retained earnings statement of cash flows
National Co.'s management should refer to the statement of cash flows to understand why the cash balance increased despite reporting a net loss in the income statement. The correct answer is option b.
The statement of cash flows presents a summary of the cash inflows and outflows during a specific period, classified into operating, investing, and financing activities.
This statement enables the management to understand the changes in cash and cash equivalents by reconciling the net income from the income statement with the cash inflows and outflows from the company's activities during the year.
A net loss in the income statement may not directly impact the cash balance since it represents a non-cash expense, such as depreciation or amortization.
Therefore, examining the changes in the company's cash flows provides a better insight into the company's financial health and liquidity.
By analyzing the operating, investing, and financing activities, National's management can identify the sources and uses of cash during the year and understand the reasons behind the increase in cash balance despite the net loss.
The correct answer is option b.
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Complete Question
national co. reported a net loss of $30,000 for 2012, yet its cash balance increased during the year. which financial statement should national's management refer to for an explanation of this situation? group of answer choices
a. balance sheet
b. income statement
c. statement of retained earnings
d. statement of cash flows
Suppose that Mexico experiences an investment boom that causes the economy to grow and experience higher inflation at the same time. The inflation experienced by Mexico would be considered _____ inflation.
Suppose that Mexico experiences an investment boom that causes the economy to grow and experience higher inflation at the same time. The inflation experienced by Mexico would be considered demand-pull inflation.
In this scenario, the investment boom leads to an increase in economic growth, which in turn raises the demand for goods and services. As the demand for goods and services increases, businesses struggle to keep up with the rising demand, leading to a shortage of supply. This shortage of supply causes prices to rise, resulting in demand-pull inflation.
the steps leading to demand-pull inflation in this case are:
1. Mexico experiences an investment boom.
2. The investment boom causes economic growth.
3. Economic growth leads to increased demand for goods and services.
4. Higher demand leads to a shortage of supply.
5. The shortage of supply causes prices to rise, resulting in demand-pull inflation.
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a party who signs an instrument for the purpose of lending his or her name (and credit) to another party to the instrument is known as a(n) .
A party who signs an instrument for the purpose of lending his or her name (and credit) to another party to the instrument is known as a cosigner. This is a common practice in lending, particularly in cases where the primary borrower has insufficient credit or income to secure a loan on their own.
By adding a cosigner to the loan, the lender is able to mitigate their risk and increase the likelihood of repayment. The cosigner is responsible for repaying the loan if the primary borrower defaults, which can help the lender recover their losses.
However, cosigning a loan is not without risks. The cosigner is equally responsible for repaying the loan and may suffer negative consequences if the primary borrower defaults or becomes unable to make payments. Additionally, cosigning a loan can affect the cosigner's credit score and ability to obtain credit in the future.
Before agreeing to cosign a loan, it is important to carefully consider the risks and benefits. It is also important to fully understand the terms of the loan and ensure that the primary borrower is trustworthy and capable of repaying the loan.
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A theory or a model: is a simplified, abstract view of reality. captures all aspects of the real world. is based on each economist's value judgments. is a detailed analysis of what ought to be.
Hi, your question pertains to the characteristics of a theory or model in economics, including the terms "simplified, abstract view of reality," "captures all aspects of the real world," "based on each economist's value judgments," and "detailed analysis of what ought to be."
A theory or model in economics is a simplified, abstract view of reality, meaning that it represents a generalized version of the real world to help understand and analyze economic phenomena.
It doesn't capture all aspects of the real world, as simplification is necessary to create a manageable framework for study. However,
a good model strives to include the most relevant aspects and variables to make accurate predictions or explanations.
These models are based on each economist's value judgments, which are the beliefs and perspectives an economist holds about how the economy should function or what policy decisions are most beneficial.
These judgments can influence the assumptions made within the model and, in turn, affect its conclusions.
A theory or model is not necessarily a detailed analysis of what ought to be, as its primary purpose is to explain or predict economic events.
However, models can be used to inform policy decisions and make normative statements about what ought to be, based on the understanding derived from the model.
In summary, an economic theory or model is a simplified, abstract view of reality that doesn't capture all aspects of the real world.
It is influenced by an economist's value judgments and can provide insights for policy decisions, but it is not solely focused on providing a detailed analysis of what ought to be.
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some investment companies have products that are similar in many ways to open and phones with differences
Open-end funds and closed-end funds are similar investment products offered by investment companies. The main differences lie in their structure, pricing, and trading methods.
Open-end funds, also known as mutual funds, continuously issue and redeem shares based on investor demand. They are priced at their net asset value (NAV) at the end of the trading day.
Closed-end funds, on the other hand, issue a fixed number of shares during an initial public offering (IPO) and are traded on stock exchanges like individual stocks. Their prices are determined by market forces and can deviate from their NAV.
In summary, open-end funds offer more flexibility in terms of buying and selling shares, while closed-end funds can be bought and sold like stocks throughout the trading day at market-determined prices.
Both types of funds provide investors with diversification and professional management, but they differ in how they are structured, priced, and traded.
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you have a portfolio that is 37 percent invested in stock r, 21 percent invested in stock s, with the remainder in stock t. the expected return on these stocks is 9.0 percent, 10.4 percent, and 12.7 percent, respectively. what is the expected return on the portfolio?
The expected return on the portfolio is 10.85%.
To find the expected return on the portfolio, we need to calculate the weighted average of the expected returns of each stock, where the weights are the percentage of the portfolio invested in each stock.
Let X be the expected return on the portfolio.
Then we have:
X = 0.37(9.0%) + 0.21(10.4%) + 0.42(12.7%)
X = 3.33% + 2.18% + 5.34%
X = 10.85%
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the best definition of a patent is a.the exclusive right to publish and sell literary, artistic, or musical compositions. b.a name, term, or symbol used to identify a business or its product. c.the exclusive right to produce and sell goods with one or more unique features. d.an asset created from favorable factors such as location, product quality, reputation, and managerial skills.
The best definition of a patent is option C: the exclusive right to produce and sell goods with one or more unique features.
A patent is a legal protection granted to inventors, giving them exclusive rights to their invention for a certain period of time. This means that no one else can produce or sell a product with the same unique features without permission from the patent holder. Patents encourage innovation and provide inventors with the opportunity to profit from their ideas. c. the exclusive right to produce and sell goods with one or more unique features. A patent protects the inventor's rights and prevents others from producing, selling, or using the invention without permission.
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T
F
During the month, the company's office manager used a company-issued credit card to purchase stamps. At the end of the month, the entry to record this employee purchase will include a credit to accounts payable. The statement is False.
The reason this statement is false is because when a company-issued credit card is used for a purchase, the transaction does not involve accounts payable. Instead, it involves the credit card payable account.
Accounts payable is used to record liabilities arising from purchases on credit terms from suppliers, while credit card payable is specific to transactions made using the company's credit card.
To record the purchase of stamps using a company-issued credit card, the journal entry would be as follows:
1. Debit the "Office Supplies" expense account for the cost of the stamps.
2. Credit the "Credit Card Payable" account for the same amount.
This journal entry recognizes the increase in the office supplies expense and the corresponding liability in the credit card payable account. At the end of the month, when the company pays the credit card bill, another journal entry will be made to clear the credit card payable balance:
1. Debit the "Credit Card Payable" account for the amount paid.
2. Credit the "Cash" account for the same amount.
This entry reduces the credit card payable liability and records the cash outflow for paying the credit card bill. Note that accounts payable is not involved in either of these journal entries.
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u6.2 the completion of this line in 1869 affected u.s. businesses by: question 9 options: opening new markets for goods reducing the need for unskilled workers discouraging congress from instituting tariffs increasing the cost of raw materials
The completion of this line in 1869 refers to the transcontinental railroad, which connected the east and west coasts of the United States. This had a significant impact on U.S. businesses by opening new markets for goods. With faster and more efficient transportation, businesses could reach new customers in the western states and territories.
However, it did not necessarily reduce the need for unskilled workers, as the railroad industry still required a large workforce to build and maintain the railroads. Additionally, the transcontinental railroad actually encouraged Congress to institute tariffs, as they saw it as a way to protect domestic industries from foreign competition. The cost of raw materials may have been affected by the railroad, but it is not directly linked to its completion.
This railroad connected the eastern and western parts of the United States, making it easier and faster to transport goods and people across the country. As a result, businesses were able to reach new markets and expand their customer base.
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Pixel Studio, Inc., is a small company that creates computer-generated animations for films and television. Much of the company's work consists of short commercials for television, but the company also does realistic computer animations for special effects in movies. The young founders of the company have become inoreasingly conoerned with the economics of the since many competitors have sprung up recently in the local area. To help understand the company's cost structure, an activity-based costing system has been designed. Three major activities are carried out in the company: animation concept, animation production, and contract administration. The animation concept activity is carried out at the contract proposal stage when the company bids on projects. This is an intensive activity that involves individuals from all parts of the company in creating story boards and prototype stills to be shown to the prospective dient. Once a project is accepted by the client, the animation goes into production and contract administration begins. Almost all of the work involved in animation production is done by the technical staff, whereas the administrative staff is largely responsible for contract administration. The activity cost pools and their activity measures are listed below Activity Cost Pool Animation concept Animation production Contract administration Activity Measure Number of proposals Minutes of completed animation Number of contracts Activity Rate 6,800 per proposal 8,100 per minute 6,000 per contract These activity rates include all of the company's costs, except for the costs of idle capacity and organization-sustaining costs. There are no direct labor or direct materials costs. Preliminary analysis using these activity rates has indicated that the local commercial segment of the market may be unprofitable. This segment is highly compeitive. Producers of local commercials may ask three or four companies like Pel Studio to bid, which results in an unusually low ratio of accepted contracts to bids. Furthermore, the animation sequences tend to be much shorter for local commercials than for other work·Since animation work is billed at fairly standard rates according to the running time of the completed animation, this means that the revenues from these short projects tend to be below average. Data concerning acivity in the local commercial market appear below Activity Measure Number of proposals Minutes of completed animation Number of contracts 21 16 The total sales from the 6 contracts for local commercials was $230,000. Required: Determine the cost of serving the local commercial market
The cost of serving the local commercial market for Pixel Studio, Inc., is $308,400.
To determine the cost of serving the local commercial market for Pixel Studio, Inc. we will use the activity rates provided for each of the three major activities: animation concept, animation production, and contract administration.
A: Calculate the cost for each activity.
1. Animation Concept cost:
Number of proposals = 21
Activity Rate = $6,800 per proposal
Cost = Number of proposals * Activity Rate = 21 * $6,800 = $142,800
2. Animation Production cost:
Minutes of completed animation = 16
Activity Rate = $8,100 per minute
Cost = Minutes of completed animation * Activity Rate = 16 * $8,100 = $129,600
3. Contract Administration cost:
Number of contracts = 6
Activity Rate = $6,000 per contract
Cost = Number of contracts * Activity Rate = 6 * $6,000 = $36,000
B: Calculate the total cost of serving the local commercial market by adding up the costs of each activity.
Total Cost = Animation Concept cost + Animation Production cost + Contract Administration cost
Total Cost = $142,800 + $129,600 + $36,000 = $308,400
Hence, for Pixel Studio, Inc., the cost of serving the local commercial market is $308,400.
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for one and the same process, what scenario corresponds to a higher variation? multiple choice a six sigma process a three sigma process cannot be determined from the given information
A three sigma process corresponds to a higher variation for one and the same process.
For one and the same process, a scenario that corresponds to a higher variation is a three sigma process. The sigma level in a process represents the number of standard deviations between the process mean and the nearest specification limit. A three sigma process has a sigma level of three, which means that the process has a standard deviation of approximately 0.27, and the distribution of process outputs is relatively wide. This indicates that the process has a higher level of variation, and is less predictable and stable than a six sigma process.
In contrast, a six sigma process has a much higher level of process control and capability, with a sigma level of six, indicating that the process has a very low level of defects, and requires a very high level of process control and capability. This means that the process has a very low level of variation, and is highly predictable and stable.
Therefore, the correct answer to the question is: a three sigma process corresponds to a higher variation.
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Kohl Co. provides warranties for many of its products. The January 1, 2019, balance of the Estimated Warranty Liability account was $36,528. Based on an analysis of warranty claims during the past several years, this year's warranty provision was established at 0.53% of sales. During 2019, the actual cost of servicing products under warranty was $19,540, and sales were $2,284,400.
Required:
a. What amount of Warranty Expense will appear on Kohl Co.'s income statement for the year ended December 31, 2019?
b. What amount will be reported in the Estimated Warranty Liability account on the December 31, 2019, balance sheet? (Amounts to be deducted should be indicated by minus sign.)
The amount of Warranty Expense that will appear on Kohl Co.'s income statement for the year ended December 31, 2019 is -$29,089.32
Expense can be calculated as follows:
Warranty Expense = Sales x Warranty Provision Rate
Warranty Expense = $2,284,400 x 0.53%
Warranty Expense = $12,101.32
Therefore, the amount of Warranty Expense that will appear on Kohl Co.'s income statement for the year ended December 31, 2019, is $12,101.32.
b. The amount that will be reported in the Estimated Warranty Liability account on the December 31, 2019, balance sheet can be calculated as follows:
Estimated Warranty Liability (January 1, 2019) = $36,528
Warranty Expense (for 2019) = $12,101.32
Actual Cost of Servicing Products under Warranty (for 2019) = $19,540
Therefore, the Estimated Warranty Liability at December 31, 2019, can be calculated as follows:
Estimated Warranty Liability (December 31, 2019) = Estimated Warranty Liability (January 1, 2019) + Warranty Expense (for 2019) - Actual Cost of Servicing Products under Warranty (for 2019)
Estimated Warranty Liability (December 31, 2019) = $36,528 + $12,101.32 - $19,540
Estimated Warranty Liability (December 31, 2019) = $29,089.32 (Note: the negative amount indicates that the liability decreased during the year.)
Therefore, the amount that will be reported in the Estimated Warranty Liability account on the December 31, 2019, balance sheet is -$29,089.32.
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Capital structure of the firm can be defined as:
I) the firm's debt-equity ratio
II) the firm's mix of different securities used to finance assets
III) the market imperfection that the firm's manager can exploit
The capital structure of a firm can be defined as the way in which the II) firm finances its assets through a combination of debt and equity. This is often represented by the firm's debt-equity ratio, which measures the amount of debt relative to equity that the firm has.
However, it can also refer to the mix of different securities that the firm uses to finance its assets, such as bonds, preferred stock, and common stock. The choice of capital structure can have a significant impact on the cost of capital and the risk profile of the firm.
One of the reasons why capital structure is important is due to the market imperfections that firms and their managers can exploit. For example, if a firm is able to take advantage of tax deductions on interest payments, it may choose to issue more debt than equity.
This is because interest payments are tax-deductible, whereas dividend payments on equity are not. By exploiting these market imperfections, firms can optimize their capital structure to minimize the cost of capital and maximize shareholder value.
In conclusion, the capital structure of a firm is the combination of debt and equity used to finance its assets. This can be measured by the firm's debt-equity ratio or by the mix of different securities used. Capital structure decisions can have important implications for the cost of capital and risk profile of the firm, and can be influenced by market imperfections that firms can exploit.
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if you have refined your keywords and are still experiencing a low roi, what is the next condition you should check
The next condition to check is the targeting and relevance of your ads to the intended audience.
Refining your keywords is a critical step in improving your return on investment (ROI) for advertising campaigns. However, it's possible that even with the right keywords, your ads may not be reaching the right audience or may not be relevant to them. It's essential to review your targeting options to ensure you are reaching the right people.
Additionally, make sure your ad copy and landing pages are relevant to the audience you are targeting. Irrelevant ads can result in low click-through rates and wasted ad spend, negatively impacting your ROI. Regularly reviewing and refining your targeting and ad relevance is crucial to improving your ROI and overall advertising success.
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according to the standards of the profession, which of the following sources of information should a cpa consider before signing a clients tax return? i. information actually known to the cpa from the tax return of another client ii. information provided by the client that appears to be correct based on the clients returns from prior year
As a Certified Public Accountant (CPA), it is essential to ensure that the information provided on a client's tax return is accurate and complies with the professional standards of the industry.
Therefore, a CPA should consider all sources of information that are relevant to the client's tax return.
In regards to the sources of information mentioned in the question, a CPA should consider both options, i.e., information actually known to the CPA from the tax return of another client and information provided by the client that appears to be correct based on the client's returns from prior years.
When considering information known to the CPA from the tax return of another client, the CPA should ensure that the information is relevant to the client's tax return and that it is accurate.
The CPA should also make sure that the information is not confidential and can be used for the current client's tax return.
In conclusion, a CPA should consider both options, i.e., information actually known to the CPA from the tax return of another client and information provided by the client that appears to be correct based on the client's returns from prior years, before signing a client's tax return.
However, a CPA should also consider other relevant sources of information and maintain appropriate documentation to ensure compliance with the professional standards of the industry.
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Winnebagel Corp. currently sells 29,400 motor homes per year at $80,000 each and 8,400 luxury motor coaches per year at $122,000 each. The company wants to introduce a new portable camper to fill out its product line; it hopes to sell 24,400 of these campers per year at $26,000 each. An independent consultant has determined that if the company introduces the new campers, it should boost the sales of its existing motor homes by 4,000 units per year and reduce the sales of its motor coaches by 990 units per year. What is the amount to use as the annual sales figure when evaluating this project?
The amount to use as the annual sales figure when evaluating this project is the total annual sales figure after introducing the new portable camper. This can be calculated as follows:
Total annual sales figure = (Number of motor homes sold per year + Number of additional motor homes sold per year) x Price per motor home + (Number of luxury motor coaches sold per year - Number of reduced luxury motor coaches sold per year) x Price per luxury motor coach + Number of portable campers sold per year x Price per portable camper
Plugging in the given numbers, we get:
Total annual sales figure = (29,400 + 4,000) x $80,000 + (8,400 - 990) x $122,000 + 24,400 x $26,000
Total annual sales figure = $2,723,200,000
Therefore, the annual sales figure to use when evaluating this project is $2,723,200,000.
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FILL IN THE BLANK To calculate the unit product cost using the job cost sheet ______ by the number of units produced.
To calculate the unit product cost using the job cost sheet, the total cost of the job should be divided by the number of units produced.
The job cost sheet is a document used in job order costing that records the direct materials, direct labor, and manufacturing overhead costs associated with a specific job. It also includes the total cost of the job, which is the sum of these three costs. To determine the unit product cost, the total cost of the job is divided by the number of units produced in that job. This provides the average cost of producing each unit in the job, which is useful for pricing decisions and cost control.
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