The reasoning that Bonnie is using is known as the Inductive reasoning.
Inductive reasoning refers to the type of reasoning which involves drawing of conclusion from previous set of observations on similar incidence.
Here, Bonnie expects to receive the order tomorrow based on previous order experiences she had on the medicines supply.Therefore, the reasoning that Bonnie is using is known as the Inductive reasoning
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What is the formula for determining a break-even point?
question 10 options:
break-even point = total cost / product or service sales price
break-even point = total cost + product or service sales price
break-even point = total cost - product or service sales price
break-even point = total cost x product or service sales price
The formula for determining break even point is-
Break-Even point (sales dollars) = Fixed Costs ÷ Contribution Margin.
Hence, Option A is correct
In economics, business, and specifically cost accounting, the break-even point is the point at which total cost and total income are equal, or "even." Despite opportunity costs being paid and capital receiving the risk-adjusted, expected return, there is no net loss or gain, and one has "broken even."When sales fluctuate, the break-even point stays the same. It continues to be the point at which revenues equal constant and varying costs without making a profit or losing money. If sales go over the break-even mark, a corporation makes money; if they fall below, they lose money.To know more about break even points here
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Answer:
Break-even Point = Fixed Costs/Contribution Margin
Explanation:
None of these answers are technically correct, though option A would be the closest of the four. The formula to find the break-even point is:
= fixed costs/(selling price - variable costs)
or
= fixed costs/contribution margin
The government is in charge of everything in a command economy Question 2 options: True False.
Answer:
•true
I hope it will help you have a great day bye and Mark brainlist if the answer is correct
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Name and briefly describe the quantitative methods of control (ABM)
Mathematical and statistical techniques are the two main categories of quantitative management methods.
What is quantitative management?Computers and mathematical methods are used in quantitative management to sort through financial statistics and choose stocks. Managers use previous quantitative linkages they have observed to inform "models" that aid in stock selection.
Screening is the process of examining historical information on businesses using a computer. A quantitative manager may develop a program to screen 2,000 stocks based on a specific set of traits or criteria.
The manager might prove, for instance, that historically, stocks with low price-to-earnings ratios and rapid earnings growth during the previous two years outperformed the market the following year.
The simplicity of using a model once it is established is the obvious advantage. Given the constantly shifting landscape of the financial markets, developing the model is the challenging aspect.
It might be challenging to incorporate enough adaptability into a model in quantitative management without adding too many additional variables.
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Choosing Training Methods
Depending on organizational needs, a wide variety of training options are available today. While the overwhelming choice for most organizations is still the instructor-led classroom, computer-based methods as well as other more interactive methods are gaining in popularity. The choice of methods will depend on a number of variables, including objectives to be achieved, types and location of employees that need to be trained, and the learning abilities of the participants.
Classroom instruction now includes distance learning, whereby trainees at different locations use online programs to view lectures and participate in discussions. Although cost-efficient, interaction between the trainer and audience may be limited. E-Learning has gained in rapid popularity with participants receiving information over the Internet or through a company's intranet. Trainees can work independently using course material supplemented with presentations, video clips, podcasts, and other audiovisual formats accessible for many types of mobile devices. Further applications of this training include electronic performance support systems (EPSSs), simulations or virtual reality, and a movement toward the use of wearable technology.
Read the case below and answer the questions that follow.
Juanita is the training director for a large hospital that saw its nurses become unionized several years ago after a contentious battle. As such, the training department is somewhat cautious in introducing new programs and must carefully consider the expectations placed upon this group. The hospital has recently experienced some problems with mistakes regarding medical waste, and a decision has been made to increase the training required of all medical personnel from annual sessions delivered in a classroom setting to semi-annual training in order to reduce these critical mistakes. This particular training has been a challenge for Juanita in the past, as nurses were continually rescheduling. Another concern was that managers were signing employees off on training that had not been completed just to fulfill record-keeping requirements. Juanita is hearing grumbling about the need for additional training and wants to make the process both successful and painless.
What method of training for medical waste procedures has been used in the past?
A- On-the-job training
B- E-Learning
C- Simulations
D- Instructor-led classroom
F- Virtual classroom/webcast
Based on the information provided in the case, the method of training for medical waste procedures that has been used in the past is Instructor-led classroom. Option D is correct.
The case mentions that the hospital used to deliver annual training sessions in a classroom setting. However, due to recent problems with medical waste mistakes, the hospital has decided to increase the training required to semi-annual sessions.
Juanita, the training director, has faced challenges in delivering this training in the past, including nurses rescheduling and managers signing off on incomplete training for record-keeping purposes. Therefore, it is likely that the hospital has been using an instructor-led classroom approach for this training. Option D is correct.
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what concept does the balance sheet really explain, based on the information contained in it?
The concept that is been explained by balance sheet as regards the information in it is that it provide the summary of all of the firm business assets.
Balance sheets can be regarded as business tools that gives all the rates of return for investors as well as evaluation of a firms capital structure. It can be explained as financial statement which gives that snapshot of what is been owed and owned by a company, also the total funds that the shareholders invested.
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The _____________ represented sweeping changes to the tax code and reframed the computation of employee income tax.
The Tax Cuts and Jobs Act represented sweeping changes to the tax code and reframed the computation of employee income tax.
What is Tax Cuts and Jobs Act?Tax Cuts and Jobs Act serves as the established act that focus on the changes to the tax code as regards the employees.
Therefore,Tax Cuts and Jobs Act changes to the tax code reframed the computation of employee income tax.
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technological advances allow smaller companies to compete with larger companies. group of answer choices true false
True, Technological advances allow smaller companies to compete with larger companies.
What is company?
A company is a legal entity created by a group of people to conduct and manage a business enterprise, whether it be commercial or industrial. Depending on the corporate law of its jurisdiction, a company may be set up in a variety of ways for tax and financial liability reasons. The type of business structure a company chooses, such as a partnership, sole proprietorship, or corporation, will typically depend on the industry it operates in. The ownership structure of the business is also indicated by these structures. Additionally, they can tell private from public companies. Both have different ownership arrangements, laws, and rules regarding financial reporting.
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how Is productivity determined?
a.by measuring The relationship to inputs and outputs
b. by comparing the profitability of competing markets
c. by measuring the relationship between supply and demand
d. by comparing the number of hours worked by all employees
Answer:
a. by measuring The relationship to inputs and outputs
Explanation:
Productivity shows the efficiency of generating output using the available inputs. It is measured by dividing the output of a company or a production line by the inputs used. Therefore, productivity shows the relationship between inputs and outputs.
Productivity can also be measured by labor output. In this case, the output is divided by the number of labor hours used.
The law of demand states that the quantity demand of a product is positively related to price?
The answer is false, The law of demand states that the quantity demand of a product is positively related to price is false.
What does demand mean in plain English?Demand is simply the consumer's desire to buy products and services immediately and to pay the price associated with them. Demand can be defined as the quantity of items that customers are prepared and willing to purchase at various prices within a specific time frame.
What is demand in economics, and what kinds of demand are there?The amount of a good or service that a buyer is able and willing to purchase during a specific time period at each conceivable price may be referred to as demand. Quantity, ability, willingness, costs, and time period are critical components of demand.
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though an organization's good reputation is a valuable resource that takes years of superior marketplace competence to achieve, it is not a good basis for building a competitive advantage because it can be destroyed almost instantly by bad publicity.
a) true
b) false
Organizations made up of groups of people with similar interests that try to directly influence public policy through their members who seek and hold public office
a. True
b. False
The description in the question refers to interest groups or pressure groups, which are organizations made up of groups of people with similar interests that try to directly influence public policy through their members who seek and hold public office. Therefore, the statement is true.
In fact, many interest groups seek to influence public policy through a variety of means, including lobbying, grassroots organizing, public education campaigns, and media outreach. These organizations may not have members who hold public office, but they can still have a significant impact on policy decisions by mobilizing public support and putting pressure on elected officials.
Furthermore, not all interest groups are formed around specific policy issues. Some are based on demographic factors, such as race, gender, or age, while others are focused on broader social or economic concerns. These groups may also seek to influence public policy, but they may do so through different channels than policy-focused organizations.
Ultimately, the influence of interest groups on public policy is complex and multifaceted, and cannot be reduced to a single method or type of organization. While some groups may rely on members who hold public office, others may take a more indirect approach to advocacy and activism.
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Suppose a company owns a fancy 3D printer which cost $1500 to buy. The printer depreciates $200 per year. (a) If the interest rate is 3 percent, what is the implicit rental price of the printer per year? (b) Does your answer to part (a) depend on whether the company used its own money to buy the printer, or if it took out a loan? Why? Suppose a newer edition of the 3D printer comes out for $2000. Because better technology is used, there is less depreciation; it only depreciates by $150 a year. (c) Calculate the implicit rental price for the new edition of the printer. Which edition of the printer - old or new - has a larger implicit rental price? (d) Suppose the interest rate was instead 5 percent, rather than 3 percent. Which edition of the printer - old or new - has a larger implicit rental price? Compare your answer with part (c), and comment on any difference.
Answer:
a) Implicit Rental Price:
Normal annual cost = $200
3% of $1,500 = 45
Implicit rental price = $245
b) The answer to part (a) does not depend on whether the company used its own money to buy the printer or if it took out a loan, provided that the cost of the loan remains within the 3% accepted rate. The reason for my answer is that the calculation of the implicit rental price is an economic measurement that tries to capture the opportunity cost of a project and not just the actual cost.
c) Implicit Rental Price:
Normal annual cost = $150
3% of $2,000 = 60
Implicit rental price = $210
The old edition of the printer has a larger implicit rental price.
d) Interest rate = 5%
Old edition: Implicit Rental Price:
Normal annual cost = $200
5% of $1,500 = 75
Implicit rental price = $275
New Edition:
Normal annual cost = $150
5% of $2,000 = 100
Implicit rental price = $250
The old edition of the printer still has a higher implicit rental price of $270 compared to the new edition's $250, with a difference of $20.
Explanation:
Determining the implicit rental price for the 3D printer, one is forced to consider the lost interest that the investment in the printer would occasion. By this, the use of the implicit rental price ensures that the only cost of a project is not the direct costs, but also includes some opportunity costs. Opportunity costs are costs incurred from the revenue lost because another option is chosen.
Do you support the idea of regulating food advertising to children? Does food advertising really impact what children eat, given that parents are doing the shopping? How much impact should advertisers be allowed to have on children, whose minds cant's discriminate the way adults’ can?
The question of regulating food advertising to children raises considerations regarding the impact of such advertisements on children's food choices and the role of parents in influencing those choices. This response will explore the topic and provide an analysis of the situation.
Regulating food advertising to children is a complex issue that requires careful evaluation.
Research suggests that food advertising does have an impact on children's food preferences and consumption patterns. Children are a vulnerable audience, as their minds are still developing, and they may have difficulty discerning advertising tactics and distinguishing between healthy and unhealthy food choices.
Advertisers have the power to influence children's preferences and shape their dietary habits, which can potentially have long-term effects on their health.
While parents play a crucial role in shaping their children's eating habits, it is important to recognize that they face challenges in countering the influence of advertising.
Children are exposed to a significant amount of advertising outside of their parents' control, such as through television, the internet, and mobile devices.
Moreover, advertisers often target children directly, using persuasive techniques designed to capture their attention and influence their preferences.
Regulating food advertising to children can help create a healthier food environment by promoting the advertising of nutritious food options and limiting the promotion of unhealthy foods.
It can also support parents in their efforts to provide a balanced and nutritious diet for their children.
However, finding the right balance is essential to avoid excessively restricting commercial speech or burdening advertisers with impractical regulations.
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(last word): amazon's rise to become the world's largest online retailer was largely driven by:
Amazon's rise to become the world's largest online retailer was largely driven by its relentless focus on customer experience and satisfaction, its wide selection of products, competitive pricing, and convenient and reliable delivery options. Additionally, Amazon's use of data and technology to personalize recommendations and streamline operations has also contributed to its success.
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Amazon's rise to become the world's largest online retailer was largely driven by a combination of factors, including its focus on customer experience, its innovative use of technology, and its strategic expansion into new markets and product categories.
One of the key factors in Amazon's success has been its focus on providing a seamless and personalized customer experience. Amazon has invested heavily in developing advanced algorithms and machine learning technologies to improve its recommendation engine and personalize the shopping experience for each customer. This has helped Amazon to build a loyal customer base and drive repeat business.
In addition to its focus on customer experience, Amazon has also been at the forefront of innovation in the retail industry. The company has developed a range of innovative technologies, including its own cloud computing platform (Amazon Web Services) and its voice-activated virtual assistant (Alexa), which have helped to drive growth and disrupt traditional retail models.
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You are out on your own and you have come into the sad issue of the old car (20+ years old, 150k miles) your parents gave you having a blown transmission unexpectedly. (It really wasn’t. You just put it off because it’s not cheap.) You now have the dubious choice to purchase a new\used car OR to repair the car your parents gave you free and clear. Assume you have a part-time job making $10 an hour at 30 hours a week and a 15% tax rate. Your total living expenses are $700 a month. The repairs for a transmission at $2,500 dollars, which you can finance at 17% interest. A new vehicle would be $20,000 at 10% interest, and a used vehicle would be $9,000 at 12% interest with unknown driver history. Create a flowchart, trace-table, and UML for these options and then in a one-page paper, discuss which you would choose and why. Discuss affordability, reliability, and return on investment.
I would choose to repair the car with the blown transmission. Despite the upfront cost, it offers affordability since the repair cost is lower than purchasing a new or used car.
In this scenario, repairing the car with the blown transmission is the more prudent choice. While the repair cost of $2,500 may seem significant, it is still more affordable than purchasing a new or used car. With a part-time job earning $10 an hour at 30 hours a week, the monthly income is $1,200 Lastly, the existing car holds sentimental value as it was given by my parents. By repairing it, I can continue to use a vehicle that has personal significance and is already familiar to me. Overall, considering affordability, reliability, sentimental value, and long-term financial benefits, repairing the car is the preferable choice in this situation.
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(c) Verify that the mix of sales units to be sold at the break-even point for each product line will generate a zero net income. Tiger Golf Accessories CVP Income Statament $ 소 $ 1 + e $ e Textbook and Media Tiger Golf Accessories sells golf shoes, gloves, and a laser-guided range-finder that measures distance. Shown below are unit cost and sales data. Pairs of Shoes $104 60 $44 Pairs of Gloves $29 10 Unit sales price Unit variable costs Unit contribution margin Sales mix Range- Finder $245 204 $41 $19 36 % 45 % 19 % Fixed costs are $659,690.
To verify that the mix of sales units to be sold at the break-even point for each product line will generate a zero net income, we need to calculate the break-even point for each product line. The break-even point is the level of sales at which the total costs equal total revenues, resulting in zero net income.
Using the given unit sales price, unit variable costs, and fixed costs, we can calculate the contribution margin per unit for each product line. The contribution margin is the amount of revenue that contributes towards covering the fixed costs and generating profit.
Once we have calculated the contribution margin per unit, we can use it to calculate the break-even point in units for each product line. The break-even point in units is the number of units that need to be sold to cover the fixed costs and generate zero net income.
By verifying that the mix of sales units to be sold at the break-even point for each product line will generate a zero net income, we can ensure that the company is not operating at a loss and is able to cover its costs. This analysis can also help the company make informed decisions about pricing, sales mix, and cost management to achieve profitability.
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Stocks with high turnover over the last year tend to have lower subsequent returns. On the other hand, stocks that have experienced a sudden spike in turnover over the last two weeks tend to have higher subsequent returns.
A. TRUE
B. FALSE
A. TRUE. The phenomenon of high turnover stocks having lower subsequent returns is known as the "turnover effect". This effect has been observed in various studies and can be attributed to a few different factors.
Firstly, high turnover may indicate that the stock is being traded excessively, which can lead to higher transaction costs and lower net returns for investors. Additionally, stocks with high turnover may be more susceptible to market fluctuations and volatility, leading to greater risk for investors. On the other hand, sudden spikes in turnover over a short period of time may be indicative of significant news or developments related to the company, which can lead to increased investor interest and higher subsequent returns. This effect is known as the "information effect" and can be seen as a positive sign for the stock. Overall, while high turnover may indicate greater liquidity and trading activity in a stock, it does not necessarily guarantee higher returns. Investors should consider a range of factors when evaluating potential investments, including company fundamentals, market trends, and overall risk tolerance.
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ou read in a newspaper that the nominal interest rate is 12 percent per year in canada and 8 percent per year in the u.s. suppose that the international capital flows equalize the real interest rates in the two countries and that purchasing power parity (ppp) holds. a. using the fischer equation (discussed in chapter 6), what can you infer about the expected inflation differential in canada and in the united states? (show all your work for full credit). b. what can you infer about the expected change in the exchange rate between the canadian dollar and the u.s. dollar? show all your work for full credit
The real interest rate in US and Canada are same.
As inflation in Canada is higher, its value will depreciate again the US dollar.
This scheme actually loses money as the amount of loan to be returned is 1.08 USD
a. Using Fisher's equation,
nominal interest rate ~ real interest rate + inflation.
real interest rate = nominal interest rate - inflation
Thus, as the real interest rate in US and Canada are same,
Nominal rate Canada - Inflation Canada = Nominal Rate US - Inflation US
12% - inflation Canada = 8% - Inflation US
Inflation Canada = 4% + Inflation US
Thus inflation in Canada will be 4% higher than in US
b. As inflation in Canada is higher, its value will depreciate again the US dollar. i.e the US dollar will get stronger and Canadian dollar will get weak. The change in the value will be 4%.
c.
Let 1 USD = 1 CAD and amount borrowed be $1 in US for a year.
Amount payable in US after 1 year = $1 * (1 + 8%) = $1.08
Amount converted to CAD = CAD 1
Amount in CAD after 1 year = CAD 1*(1+12%) = CAD 1.12
New Exchange rate after 1 year = 1 * (1 + 4%) = 1.04 i.e 1 USD = 1.04 CAD (i.e USD costs more in CAD)
Amount in USD converted from CAD = 1.12/1.04 = 1.0769 ~ 1.077 USD
Thus, this scheme actually loses money as the amount of loan to be returned is 1.08 USD which is more than 1.077USD earned from CAD interest rates. (This is even without considering the exchange rate transaction fees etc.)
The interest rate is the quantity a lender prices a borrower and is a percentage of the essential—the quantity loaned. The hobby charge on a mortgage is typically referred to on an annual foundation referred to as the annual percentage charge (APR).
An interest rate is the amount of interest due in step with length, as a proportion of the quantity lent, deposited, or borrowed. the entire interest on an quantity lent or borrowed depends on the main sum, the hobby price, the compounding frequency, and the duration of time over which it's far lent, deposited, or borrowed.
An interest rate tells you ways high the price of borrowing is, or excessive the rewards are for saving. So, if you're a borrower, the hobby price is the quantity you're charged for borrowing money, proven as a percentage of the total quantity of the loan.
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tech a says that when disassembling a macpherson strut unit the coil spring
Tech A says that when disassembling a MacPherson strut unit, the coil spring should be handled with caution. This statement is correct.
When working with a MacPherson strut, which is a common type of suspension system used in many vehicles, it is essential to exercise caution when disassembling the unit, particularly when dealing with the coil spring.
The coil spring in a MacPherson strut assembly holds a significant amount of stored energy and is under tension. If mishandled or released suddenly, it can cause serious injuries or damage to the surrounding components. Therefore, it is crucial to follow proper safety procedures and use appropriate tools when disassembling the strut assembly.
To safely disassemble the MacPherson strut unit, it is recommended to use a spring compressor tool. This tool allows the controlled compression or decompression of the coil spring, reducing the risk of sudden release of energy. By compressing the spring safely, the strut components can be removed or serviced without jeopardizing the technician's safety.
In summary, Tech A's statement is correct. When disassembling a MacPherson strut unit, the coil spring should be handled with caution, and proper safety procedures, including the use of a spring compressor tool, should be followed to ensure the technician's safety and prevent damage to the components.
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A real estate broker has a computerized loan origination (CLO) terminal in her office. Because there are more than a dozen lending institutions in the city, the broker has found that the CLO greatly streamlines the application process for her clients. She sits down at the terminal with a homebuyer and these three events take place:
1. The broker explains that there is a fee for using the terminal of one-half point, based on the loan amount, and that the homebuyer may choose to finance the fee.
2. The broker explains only the different kinds of services offered by the two local lenders who pay her a monthly screen fee to be included on the CLO system.
3. The broker helps the homeowner answer the on-screen qualification questions.
Which of these events is an improper use of a CLO system?
a. 1 only
b. 2 only
c. 2 and 3
d. 1
Answer:
d because d is the best answe
A stock is priced at $85 per share and pays a quarterly dividend of $2.10 per share. What is the dividend yield per stock share per year?
Why is the Form W-2 needed in order to file a tax return?
Answer:
The IRS requires employers to report wage and salary information for employees on Form W-2. Your W-2 also reports the amount of federal, state and other taxes withheld from your paycheck.
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after the tariff is implemented, the producer nominal protection coefficient (pnpc) of the home country equals 1.25.
In this case, a PNPC of 1.25 indicates that the domestic producers in the home country are receiving 25% more for product than they would have received in absence of tariff. This means that the tariff is making imports more expensive, giving domestic producers a competitive advantage.
The producer nominal protection coefficient (PNPC) is an indicator used to measure the level of protection provided to domestic producers by a tariff.
It is calculated as the ratio of the domestic price after the tariff is applied to the world price before the tariff is applied. A PNPC value greater than 1 indicates that the domestic producers are protected by the tariff.
However, it is important to note that the PNPC only measures the nominal level of protection and does not take into account other factors that may affect the competitiveness of domestic producers.
For example, the PNPC does not consider the potential increase in the cost of production due to the higher cost of imported inputs or the potential decrease in demand for the domestic product due to the higher prices resulting from the tariff.
Overall, the PNPC provides a useful measure of the level of protection provided by a tariff, but it should be used in conjunction with other measures to fully assess the impact of the tariff on the domestic industry and the economy as a whole.
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what is my profit margin ratio if my net income is $294 and my net sales is $3800
Answer:
Explanation: Net Sales = $3800
Net income= $294
Profit margin ratio= Net income/Net sales x 100
=$294/$3800 x 100
=7.73%
Althoigh a franchise offers many upsides opening a franchise also has many downsides. From the lost below select the answers that are considered down sides
Answer:
the options are missing, but I can list several disadvantages or downsides of owning a franchise:
When you buy a franchise you enter a formal contract that requires you to perform different obligations and failing to perform can result in legal and economic problems (similar to all contracts signed).The franchise contract generally specifies a certain amount of years, and even if you are able to perform very well, nothing can assure you that the contract will be renewed. When you buy a franchise, you must follow all the rules, procedures and guidelines given to you by the franchisor, i.e. you own a business but someone else tells you what to do. These orders and restrictions given by the franchisor include what you can or cannot sell, and who will be your vendors (suppliers). Even if you do great, other franchisees might not operate properly and that will negatively affect your business. You have to pay royalties (a % of your gains) to the franchisor.On October 15, 2020, the board of directors of Ensor Materials Corporation approved a stock option plan for key executives. On January 1, 2021, 28 million stock options were granted, exercisable for 28 million shares of Ensor's $1 par common stock. The options are exercisable between January 1, 2024, and December 31, 2026, at 90% of the quoted market price on January 1, 2021, which was $10. The fair value of the 28 million options, estimated by an appropriate option pricing model, is $6 per option. Ensor chooses the option to recognize forfeitures only when they occur.
Ten percent (2.8 million) of the options were forfeited when an executive resigned in 2022. All other options were exercised on July 12, 2025, when the stock’s price jumped unexpectedly to $26 per share.
Answer:
On October 15, 2020, the board of directors of Ensor Materials Corporation approved a stock option plan for key executives. On January 1, 2021, 28 million stock options were granted, exercisable for 28 million shares of Ensor's $1 par common stock. The options are exercisable between January 1, 2024, and December 31, 2026, at 90% of the quoted market price on January 1, 2021, which was $10. The fair value of the 28 million options, estimated by an appropriate option pricing model, is $6 per option. Ensor chooses the option to recognize forfeitures only when they occur.
Ten percent (2.8 million) of the options were forfeited when an executive resigned in 2022. All other options were exercised on July 12, 2025, when the stock’s price jumped unexpectedly to $26 per share.
Cornelius Company produces women’s clothing. During the year, the company incurred the following costs:
Factory rent $ 386,000 Direct labor 312,000 Utilities—factory 39,600 Purchases of direct materials 565,000 Indirect materials 69,400 Indirect labor 62,400 Inventories for the year were as follows:
January 1 December 31
Materials $ 27,000 $ 43,000 Work-in-Process 46,000 40,800 Finished Goods 139,000 77,200 Required:
1&2. Prepare a statement of cost of goods manufactured and calculate cost of goods sold.
Cornelius Company
Statement of Cost of Goods Manufactured
For the Year Ended December 31
Direct materials Materials available Materials used Factory overhead Total factory overhead Total manufacturing costs Total manufacturing costs to account for Cost of goods sold Cost of goods available for sale Cost of goods sold
Calculate Direct materials used: Beginning materials + Purchases - Ending materials.
Determine Factory overhead: Rent, Utilities, Indirect materials, Indirect labor.
Calculate Total manufacturing costs: Direct materials used + Factory overhead.
Calculate Cost of goods manufactured: Total manufacturing costs + Beginning work-in-process - Ending work-in-process.
Calculate Cost of goods sold: Beginning finished goods + Cost of goods manufactured - Ending finished goods.
To prepare the statement of cost of goods manufactured and calculate the cost of goods sold for Cornelius Company, we need to gather the relevant information regarding costs incurred and inventory levels. Here is the breakdown of the required calculations:
Statement of Cost of Goods Manufactured:
Direct materials used = Materials available (Jan 1) + Purchases of direct materials - Materials available (Dec 31)
Factory overhead = Factory rent + Utilities—factory + Indirect materials + Indirect labor
Total factory overhead = Direct labor + Factory overhead
Total manufacturing costs = Direct materials used + Total factory overhead
Total manufacturing costs to account for = Total manufacturing costs + Work-in-Process (Jan 1) - Work-in-Process (Dec 31)
Cost of goods manufactured = Total manufacturing costs to account for + Work-in-Process (Dec 31)
Cost of Goods Sold:
Cost of goods available for sale = Finished Goods (Jan 1) + Cost of goods manufactured
Cost of goods sold = Cost of goods available for sale - Finished Goods (Dec 31)
By performing these calculations, we can determine the statement of cost of goods manufactured and the cost of goods sold for Cornelius Company.
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The amount of money you need to maintain in your account to avoid a fee is the?
Answer:
minimum balance
Explanation:
Define careere pleaseeeeeeeeee
Answer:
a profession or occupation chosen by one's life work.
Having or following a career as specific career diplomat.
Explanation:
Hope this helps.. ;)
FYI I did research and I didn't copied and pasted..
Answer: an occupation undertaken for a significant period of a person's life and with opportunities for progress.
Like a police officer, fire fighter, cashier, fast food worker, teacher, principle, Etc....
Hope this helps... Stay safe and have a great Thanksgiving!!! :D
It is time for you to schedule a dental checkup. The responsible thing to do is to _____.
Make the appointment for first thing in the morning so you can enjoy the entire day off work.
Make the appointment for during lunch time so you work can take a long lunch
Make the appointment for Friday afternoon so you only miss half a day's work
Make the appointment either before or after work in such a way that it has little or no effect on your work schedule
Answer:
Make the appointment for first thing in the morning so you can enjoy the entire day off work.
Explanation: