Esquire Company needs to acquire a molding machine to be used in its manufacturing process. Two types of machines that would be appropriate are presently on the market. The company has determined the following (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1)Machine A could be purchased for $48,000. It will last 10 years with annual maintenance costs of $1,000 per year. After 10 years the machine can be sold for $5,000.Machine B could be purchased for $40,000. It also will last 10 years and will require maintenance costs of $4,000 in year three, $5,000 in year six, and $6,000 in year eight. After 10 years, the machine will have no salvage value.Required:Assume an interest rate of 8% properly reflects the time value of money in this situation and that maintenance costs are paid at the end of each year. Ignore income tax considerations. (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.)Calculate the present value of Machine A & Machine B. Which machine Esquire should purchase?
Answers
Answer: Machine B because it has the lower Present Value
Explanation:
Machine A= Present Value of income - Present Value of Costs
Present value of Income;
Sold for $5,000 after 10 years.
= 5,000/ (1 + 8%)^10
= $2,315.97
Present Value of Costs;
Purchased for $48,000.
Maintenance of $1,000 per year for years.
Present value of maintenance= 1,000 * Present value factor of annuity, 10 years, 8%
= 1,000 * 6.7101
= $6,710.10
Machine A Present Value
= 2,315.97 - 6,710.10 - 48,000
= -$52,394
Machine BNo salvage value.
Present Value of costs
Purchased for $40,000.
Present value of maintenance = (4,000 / (1 + 8%)^3) + (5,000 / ( 1 + 8)^6) + (6,000 / ( 1 + 8%)^8)
= -$9,567.79
Present Value = -40,000 - 9,567.79
= -$49,568
Related Questions
For an employee working at a cash register of a convenient store, the arrival rate is
four per hour and the service rate is five per hour. What is the average utilization of
the employee (%)?
20
45
80
125
none of the choices are correct
Answers
Answer:
80
Explanation:
Utilization = arrival rate/service rate
4/5 = 0.8
0.8 as a percentage equals:
0.8*100 =80
80 is the average utilization of the employee. As Utilization = arrival rate/service rate like 4/5 = 0.8. Hence, option C is correct.
What is average utilization?Average Utilization is the result of dividing the daily average total exposure to the revolving facility for the period by the daily average total commitments to the revolving facility for that period to get the amount, expressed as a percentage.
A person can calculate the utilization rate by dividing the number of billable hours by the overall number of hours worked each day.
The basic formula is really simple: divide the total number of billable hours by the total number of available hours (x 100). A worker's utilization rate would be 80% if they invoiced for 32 hours of a 40-hour workweek.
Thus, option C is correct.
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If you sell 1,000 tickets at $50/ticket, 2,000 tickets at $60/ticket and 2,500 tickets at $65/ticket, what percentage of the revenue are the sales from the $50 ticket?
Answers
SBA a business from any of the THREE sectors and conduct a research using newspaper clips, business articles, any business magazines, News 24 and a other business websites to answer the following Research (Part A) for your Select a business business questions. (Collect FIVE resources) must be NB After choosing the sector you able to motivate your answer then provide picture/ newspaper article of the business -You must identify challenges experienced by the business and classify those challenges according to the three Business Environments and state the extent of control.
Answers
Selecting a business from one of the three sectors, conducting research using newspaper clips, business articles, any business magazines, News 24, and other business websites to answer research (Part A) questions. This article will discuss the challenges faced by the business and classify them based on the three business environments. The business selected for this research is Sasol, which belongs to the primary sector. Sasol is an integrated energy and chemicals firm with operations in over 30 countries and more than 30,000 employees. It mines coal and convert it into synthetic fuels and chemical feedstock. Sasol operates in a challenging environment, and it faces many challenges. However, in this research, we will discuss the most important challenges faced by Sasol. The following are the difficulties Sasol faces: Environmental challenges: Sasol is a large company, and it emits greenhouse gases, which affect the environment. Furthermore, environmental regulations have become more stringent, which is a significant challenge for the company. Sasol must adhere to environmental regulations, which will impact its operations. Sasol must also protect its reputation, which is critical to its success. Sasol should be proactive in responding to environmental challenges by investing in renewable energy and ensuring that it adheres to environmental regulations. Economic challenges: Sasol faces economic challenges, including fluctuating oil prices, currency volatility, and rising operating costs. These issues are beyond the company's control, and they can have a significant impact on Sasol's financial performance. Sasol must adapt to economic changes by diversifying its revenue streams and improving its operational efficiency. Social challenges: Sasol faces social challenges such as workforce diversity, employee engagement, and community relations. Sasol must address these challenges by fostering a diverse and inclusive culture, promoting employee engagement, and engaging with the community. Sasol must also ensure that its business practices align with the expectations of its stakeholders, including customers, employees, and investors. In conclusion, Sasol faces many challenges, which can be classified into three categories: environmental, economic, and social. Sasol has limited control over some of these challenges, but it must be proactive in responding to them to ensure its long-term success.
A business that you can select for this analysis is the importation of cars into a country. Some challenges that may affect the importation of cars include import duties and trade agreements between nations.
What are business challenges?Business challenges refer to those problems that are encountered by entrepreneurs who want to go into any area of trade. For those into the importation of cars and other such items, excessive import duties might be limiting to them.
They may also experieice trade agreements sbetween nations and rising forex that amy not be favorable for trade.
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A project with an initial cost of $26,900 is expected to generate cash flows of $6,500, $8,600, $9,050, $7,950, and $7,300 over each of the next five years, respectively. What is the project's payback period
Answers
Answer:
b
Explanation:
Give us an example of a marketing brief you admired for a recent marketing project or program? Elaboratively discuss importance of 4 P's in the same
Answers
Product, pricing, place, and promotion make up the four Ps. They serve as an illustration of a "marketing mix," or the collection of tools and techniques utilized by marketers to accomplish their marketing goals.
A website is an illustration of a marketing project. The website could be a component of a marketing effort that conveys a consistent message for a new product launch. A press release, a social media post, and an email could all be additional campaign projects.
The marketing mix, which includes the four Ps of marketing (product, pricing, place, and promotion), is frequently used. These are the main factors that go into creating and promoting a good or service, and they interact heavily.
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Multiple Choice Question
What contribution did the early Venetians make to the practice of management?
O Describing the importance of leadership in The Art of War
O Considering the role of specialization in a manufacturing setting
O Standardizing production with assembly lines and inventory controls
O Being the first to recognize management as a scientific practice
Answers
The early Venetians make Standardizing production with assembly lines and inventory controls the practice of management.
Venetian traders were influential financiers in Europe. The city was also the birthplace of awesome European explorers, which includes Marco Polo, as well as Baroque composers inclusive of Antonio Vivaldi and Benedetto Marcello, and well-known painters which include the Renaissance master Titian.
The Republic of Venice or the Venetian Republic, historically referred to as Los Angeles Serenissima changed into a sovereign nation and maritime
Venetian is a separate language from Italian, with many neighborhood varieties. Its precise location in the Romance language circle of relatives remains extremely debatable.
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Which of the following is the best example of integrity?
OA
Roger's boss takes 2-hour lunches. Roger tells no one.
OB.
Sandra's mistake on a report could be disastrous. She immediately reports the error even
O C.
Don believes it is okay to check his social media accounts at work since no one says it's wr
OD.
Andrea borrows $20 from the company's petty cash fund, which she intends to pay back.
Answers
Integrity is the discipline of being truthful and demonstrating a steadfast and unwavering adherence to high moral and ethical standards. Hence option B is correct .
What is Integrity ?Integrity is defined in ethics as being honest, true, or accurate in one's activities. Being judged by the standards of integrity entails viewing internal consistency as a virtue and recommends that parties holding internally apparent conflicts of values should explain the gap or change their ideas.
This is how integrity can be opposed to hypocrisy. The adjective integer, which means whole or whole in Latin, is where the word integrity first appeared. In this application, integrity refers to the internal sense of "wholeness" derived from traits like honesty and moral rectitude.
An individual is considered to have the virtue of honesty in ethics.if the person acts in accordance with a set of moral standards that are internally consistent. These rules must all consistently follow valid axioms or postulates of logic. When a person's behaviours, beliefs, techniques, measures, and ideals all stem from a single set of fundamental principles, that person is said to have ethical integrity.
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list and identify donors restrictions about net asset and change in net asset.
Answers
Net assets with donor restrictions – The part of net assets of a not-for-profit entity that is subject to donor-imposed restrictions.
How do you define an asset?An asset is something with monetary worth and/or potential reward. A machine, a financial instrument, or a patent are examples of assets that frequently provide cash flows in the future. Personal property can include a home, car, investments, works of art, or household items.
What kind of asset is that?Intangible assets like patents, royalties, and other intellectual property are included in the category of assets together with tangible items like machinery, real estate, raw materials, and inventory.
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If you have knowledge of a terrorist related activity, how long do you have
to report it to the Financial Intelligence Centre, after becoming aware?
Answers
The time to report terrorist activity to the Financial Intelligence Center, after becoming aware of it, will vary according to local legislation.
How to report terrorist activity?It is necessary that such crimes are properly reported to the competent authorities, so that legal actions and protection of the homeland are taken as soon as possible.
Therefore, terrorism must be fought in the world, since it is an evil that causes violence, destruction and several other negative consequences that put democracy and the integrity of individuals at risk.
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the oriole mills company has just disclosed the following financial information in its annual report sales of 1.47 million, cost of goods sold of $817,100, depreciation expenses of $179,600, and interest expenses of $ 94,000. Assume that the firm has an average tax rate of 29 percent. Compute the cash flows to investors from operating activity.
Answers
The cash flows to investors from operating activities for Oriole Mills Company is $543,973.
To compute the cash flows to investors from operating activities, we need to start with the net income and make adjustments for non-cash expenses and changes in working capital. The formula to calculate cash flows from operating activities is as follows:
Cash Flows from Operating Activities = Net Income + Depreciation Expenses + Non-Cash Interest Expenses - Increase in Current Assets + Increase in Current Liabilities + Decrease in Current Assets - Decrease in Current Liabilities
Given the financial information provided, we can calculate the cash flows to investors from operating activities as follows:
Net Income:
Net Income = Sales - Cost of Goods Sold - Depreciation Expenses - Interest Expenses - Taxes
Net Income = $1,470,000 - $817,100 - $179,600 - $94,000 - ($1,470,000 - $817,100 - $179,600 - $94,000) * 0.29
Net Income = $1,470,000 - $817,100 - $179,600 - $94,000 - ($379,300 * 0.29)
Net Income = $1,470,000 - $817,100 - $179,600 - $94,000 - $109,927
Net Income = $269,373
Depreciation Expenses = $179,600
Non-Cash Interest Expenses = $94,000
Changes in Working Capital:
Increase in Current Assets = 0 (no information provided)
Increase in Current Liabilities = 0 (no information provided)
Decrease in Current Assets = 0 (no information provided)
Decrease in Current Liabilities = 0 (no information provided)
Finally, we can calculate the cash flows to investors from operating activities:
Cash Flows from Operating Activities = $269,373 + $179,600 + $94,000 + 0 + 0 + 0 + 0
Cash Flows from Operating Activities = $543,973
Therefore, the cash flows to investors from operating activities for the Oriole Mills Company is $543,973.
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A company had issued 10,000 bonds which had a par value of $50 and currently sold at $60. The company is expected to pay 10% interest for the next 5 years. In addition to this the preferred stock of the company is issued at $150 which a promised dividend of 8 per share. The common stock holders will receive $2 per share and this will grow T 8% for the first 3 years, 6% for the other 3 years and it will grow at 5% for indefinite period. Assume the tax rate is 35%. The capital structure of the company is composed of 600,000 common stock, 200,000 preferred stock and 100,000 is debt.
A) Find the cost of capital for each sources A) Find the weighted average cost of capital
Answers
To calculate the cost of capital for each source, we'll consider the cost of debt, cost of preferred stock, and cost of common stock.
1. Cost of Debt:
The cost of debt is the interest rate the company pays on its debt. In this case, the company has issued bonds with a par value of $50, currently selling at $60, and a coupon rate of 10% for 5 years.
Cost of Debt = (Interest Expense / (Bonds Market Value - Bond Discount)) * (1 - Tax Rate)
Interest Expense = Bonds Market Value * Coupon Rate
Bonds Market Value = Number of Bonds * Bond Selling Price
Number of Bonds = 10,000
Bond Selling Price = $60
Coupon Rate = 10%
Tax Rate = 35%
Interest Expense = $60 * 10,000 * 10% = $60,000
Bonds Market Value = 10,000 * $60 = $600,000
Bond Discount = Par Value - Bond Selling Price = $50 - $60 = -$10 (Negative value because the bond is selling at a premium)
Cost of Debt = ($60,000 / ($600,000 - (-$10))) * (1 - 0.35) = $6,000 / $600,010 * 0.65 = 0.064997 (approximately 6.50%)
2. Cost of Preferred Stock:
The cost of preferred stock is the dividend rate the company pays on its preferred stock. In this case, the preferred stock is issued at $150 with a promised dividend of $8 per share.
Cost of Preferred Stock = Dividend / Preferred Stock Price
Dividend = $8
Preferred Stock Price = $150
Cost of Preferred Stock = $8 / $150 = 0.053333 (approximately 5.33%)
3. Cost of Common Stock:
The cost of common stock is calculated using the dividend growth model. The dividend is expected to grow at different rates for different periods.
First 3 years: Dividend Growth Rate = 8%
Next 3 years: Dividend Growth Rate = 6%
Indefinite period: Dividend Growth Rate = 5%
Cost of Common Stock = Dividend / Current Stock Price + Growth Rate
Dividend = $2
Current Stock Price = Market Price
Growth Rate = Dividend Growth Rate
Cost of Common Stock = $2 / Market Price + Growth Rate
Weighted Average Cost of Capital (WACC):
The weighted average cost of capital is the weighted average of the costs of each source of capital, considering their respective proportions in the capital structure.
WACC = (Weight of Debt * Cost of Debt) + (Weight of Preferred Stock * Cost of Preferred Stock) + (Weight of Common Stock * Cost of Common Stock)
Weight of Debt = Debt / Total Capital
Weight of Preferred Stock = Preferred Stock / Total Capital
Weight of Common Stock = Common Stock / Total Capital
Debt = $100,000
Preferred Stock = $200,000
Common Stock = $600,000
Total Capital = Debt + Preferred Stock + Common Stock = $100,000 + $200,000 + $600,000 = $900,000
Weight of Debt = $100,000 / $900,000 = 0.111111 (approximately 11.11%)
Weight of Preferred Stock = $200,000 / $900,000 = 0.222222 (approximately 22.22%)
Weight of Common Stock = $600,000 / $900,000 = 0.666667 (approximately 66.67%)
WACC = (0.111111 * 6.50%) + (0.222222 * 5.
The cost of capital for each source can be calculated by determining the cost of debt, cost of preferred stock, and cost of common equity. The cost of debt is 8.33%, the cost of preferred stock is 5.33%, and the cost of common equity is 14.77%.
To find the cost of capital for each source, we will calculate the cost of debt, cost of preferred stock, and cost of common equity.
The cost of debt can be calculated using the formula: Cost of Debt = (Annual Interest Payment / Bond Price) x 100%. In this case, the bond price is $60 and the annual interest payment is 10% of the bond's par value of $50, so the cost of debt is (0.10 * $50 / $60) x 100% = 8.33%.
The cost of preferred stock can be calculated using the formula: Cost of Preferred Stock = Dividend / Stock Price. In this case, the dividend is $8 per share and the stock price is $150, so the cost of preferred stock is $8 / $150 = 5.33%.
The cost of common equity can be calculated using the Dividend Discount Model (DDM) formula: Cost of Common Equity = Dividend / Current Stock Price + Growth Rate. The growth rate for the first 3 years is 8%, for the following 3 years is 6%, and for an indefinite period is 5%. The dividend for common stock is $2 per share. The current stock price can be calculated using the market value of the common stock ($2 * 600,000 = $1,200,000) divided by the number of shares (600,000), which equals $2 per share. The cost of common equity is $2 / $2 + 0.08 + 0.06 + 0.05 = 14.77%.
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6). When you were leading your in-house team, you displayed optimism by your demeanor each day. How can you best instill a spirit of optimism with your new remote team?
A) Frame challenges as opportunities and provide the tools to meet those opportunities.
B) Frame challenges as a part of business life and encourage your team to find ways to overcome them.
C) Display your same optimistic attitude when you are on video calls with your remote team.
Answers
To best instill a spirit of optimism with your new remote team, would be the best approach. Option A
What is Framing challenges?Framing challenges as opportunities and providing the tools to meet those opportunities can help your remote team stay positive and motivated.
By emphasizing the potential benefits of a challenge, you can help your team see it as an opportunity for growth and development, rather than as an obstacle. Providing the necessary tools, resources, and support to help your team meet those challenges can also help them feel more confident and optimistic about their ability to succeed.
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Rafael transfers the following assets to Crane Corporation in exchange for all of its stock.
Note: Assume that neither Rafael nor Crane plans to make any special tax elections at the time of incorporation.
Assets Rafael's Adjusted Basis Fair Market Value
Inventory $60,000 $100,000
Equipment 150,000 105,000
Shelving 80,000 65,000
Note: If an amount is zero, enter "0". Do not round any division.
a. Rafael's realized _________________ is $ _________________ . Of this amount, $ _________________ is recognized.
b. Assuming no election is made, Rafael's basis in the stock is $ _________________ .
c. Crane's basis is $ _________________ for inventory, $ _________________ for equipment, and $ _________________ for shelving.
d. If Rafael plans to hold his stock for a substantial period of time, he and Crane may elect to allow Crane _________________ a carryover basis in the assets received. Its basis in the assets would also change to $ _________________ for inventory, $ _________________ for equipment, and $ _________________ for shelving.
Answers
Answer:
Im doing the answer in the comments!!
Explanation:
What are security guards?
Answers
Answer: People that protect a building,store, any place from any dangerous activity or people.
Explanation:
Fraud is encouraged when a notary does what?
Answers
Answer:
Overcharging for notary public services. Notarizing a document without the signer being in the notary's presence. Notarizing the notary's own signature. Issuing identification cards.
Explanation:
Excessive fees for notarial services, signing a document without the signer being present and notarizing it. the notary's signature is notarized. making identity cards available.
What is notary fraud?If a Notary Public violates the law while carrying out their responsibilities, they are held personally accountable. A Notary Public must post a bond in order to protect the injured party's right to recover up to $10,000. Despite this, the Notary Public is still personally responsible for any damages they may have caused, and they risk criminal prosecution as well as the revocation or suspension of their notary public commission.
A few examples of notary fraud include:
ignoring your documents' acknowledgmentcounterfeit stampsletting a signer sign a document without the presence of a notary publicA Notary Public who has been paid off to falsely recognize a document is the starting point of many fraud cases, particularly those involving real estate fraud. Due to the fact that practically all papers submitted in the county records require a notary stamp, this scenario occasionally occurs.
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Select the correct answer from each drop-down menu.
Which functions of management do manufacturing and service businesses use to maximize their operations?
Manufacturing and service businesses use the four management functions—planning,
,
, and controlling—to increase the productivity of their operations.
Answers
Answer:
organising and staffing
Explanation:
Answer:
Organizing and staffing
Explanation:
Plato/Edmentum
Tinsley Plastics manufactures plastic bottles used for beverages and household cleaners. The average net book value (NBV) of assets during the quarter is estimated as $510,000. If the required rate of return is 12% on average assets and the firm wants to have residual income (RI) of $101,000 for this quarter, what must its profits be?
Answers
The profits of the Tinsley Plastics to manufactures plastic bottles is $162,000.
What is profit?
A profit is defined as the monetary profit. It is particularly the difference between the amount earned, and the amount spent on purchasing, operating, or creating anything.
The formula of profit is:
\(\text{Profits} =\text{ NBV} *\times \text{Required Rate of Return + Residual Income (RI)}\)
Computation of profit:
According to the given information,
Net Book Value (NBV) = $510,000,
Rate of Return = 12%
Residual Income (RI) = $101,000
Now, apply the given values in the formal of profit,
\(\text{Profits} =\text{ NBV} *\times \text{Required Rate of Return + Residual Income (RI)}\\\\\text{Profits} = \$510,000 \times 12\% + \$101,000\\\\\text{Profits} =\$162,000\)
Therefore, the firm's profits must be $162,000.
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Deep discount bonds reflect questionable quality. True False
Answers
Answer:
I think "False" but I'm not sure.
Explanation:
I'm sorry if it's wrong.
Carbonale Castings produces cast bronze valves on a 10-person assembly line. On a recent day, 160 valves were produced during an 8-hour shift. The productivity of the line is valves per hour. John Goodale, the manager of Carbondale, changed the layout and was able to increase production to 180 valves per 8-hour shift. The new productivity is valves per hour. The % productivity increase is %. Round all answers to 2 decimal places.
Answers
Answer:
Missing word " Calculate the labor productivity of the line. b) John Goodale, the manager at Carbondale, changed the layout and was able to increase production to 180 units per 8-hour shift. What is the new labor productivity per labor-hour? c.) What is the percentage of productivity increase?"
a) Output = 160 valves
Input = 10*8 = 80 labor hours
Productivity = Output / Input
Productivity = 160/80
Productivity = 2 valves per labor hour
b) Output = 180 valves
Input = 10*8 = 80 labor hour
Productivity = Output/Input
Productivity = 180/80
Productivity = 2.25 valves per labor hour
c) Percentage increase in the productivity = [(2.25 - 2) / 2] * 100
Percentage increase in the productivity = 0.125 * 100
Percentage increase in the productivity = 12.5%
Part 2 - Drill and Kill- Answer the following questions.
Units produced per hour
Baskets
Rings
Isaac
Sarah
6
5
24
10-
1. Is this an output problem or an input
problem? OUTPUT
2. What is Isaac's opportunity cost of
producing 1 basket?
3. What is Sarah's opportunity cost or
producing 1 ring?
4. What is Isaac's opportunity cost of
producing 1 ring?
5. What is Sarah's opportunity cost of
producing 1 basket?
6. Who has the absolute advantage in
producing baskets?
7. Who has the absolute advantage in
producing rings?
8. Who has the comparative advantage in
producing baskets?
9. Who has the comparative advantage in
producing rings?
10. What would acceptable terms of trade
be between Isaac and Sarah?
Canada
Mexico
Hours to produce one unit
Skyscraper
Space Shuttle
600
800
500
1000
1. Is this an output problem or an input
problem? Out Put
2. What is Canada's opportunity cost of
producing skyscraper?
3. What is Mexico's opportunity cost or
producing 1 space shuttle?
4. What is Canada's opportunity cost of
producing 1 space shuttle?
5. What is Mexico's opportunity cost of
producing 1 skyscraper?
6. Who has the absolute advantage in
producing skyscrapers?
115
7. Who has the absolute advantage in
producing space shuttles?
8. Who has the comparative advantage
in producing space shuttles?
9. Who has the comparative advantage
in producing skyscrapers?
10. What would acceptable terms of
trade be between Canada and
Mexico?
Answers
The responses to each question on opportunity cost are as follows:
This is an output problem.Isaac's opportunity cost of producing 1 basket is 5 rings.Sarah's opportunity cost of producing 1 ring is 0.4 baskets.Isaac's opportunity cost of producing 1 ring is 0.2 baskets.Sarah's opportunity cost of producing 1 basket is 2.5 rings.What are the responses to other questions?The following are responses to the questions on absolute advantage:
6. Isaac has the absolute advantage in producing baskets.
7. Sarah has the absolute advantage in producing rings.
8. Isaac has the comparative advantage in producing baskets.
9. Sarah has the comparative advantage in producing rings.
10. Acceptable terms of trade would depend on the specific negotiation between Isaac and Sarah. However, a possible acceptable term of trade could be exchanging 1 basket for 3 rings.
1. Is this an output problem or an input problem?
- This is an output problem.
2. What is Canada's opportunity cost of producing a skyscraper?
- Canada's opportunity cost of producing a skyscraper is 800 space shuttles.
3. What is Mexico's opportunity cost of producing 1 space shuttle?
- Mexico's opportunity cost of producing 1 space shuttle is 0.625 skyscrapers.
4. What is Canada's opportunity cost of producing 1 space shuttle?
- Canada's opportunity cost of producing 1 space shuttle is 0.75 skyscrapers.
5. What is Mexico's opportunity cost of producing 1 skyscraper?
- Mexico's opportunity cost of producing 1 skyscraper is 1.6 space shuttles.
6. Who has the absolute advantage in producing skyscrapers?
- Canada has the absolute advantage in producing skyscrapers.
7. Who has the absolute advantage in producing space shuttles?
- Mexico has the absolute advantage in producing space shuttles.
8. Who has the comparative advantage in producing space shuttles?
- Mexico has the comparative advantage in producing space shuttles.
9. Who has the comparative advantage in producing skyscrapers?
- Canada has the comparative advantage in producing skyscrapers.
10. What would acceptable terms of trade be between Canada and Mexico?
- Acceptable terms of trade would depend on the specific negotiation between Canada and Mexico. However, a possible acceptable term of trade could be exchanging 1 space shuttle for 2.5 skyscrapers.
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An adjustable-rate mortgage (ARM) is another common type of mortgage. Determine whether each factor is a pro or
a con of an ARM, and place it in the correct category.
Answers
The determination of each factor as a pro or a con of an ARM is as follows:
Pros of Adjustable-Rate Mortgagesc) lower interest rates are possible
e) low beginning interest rate
Cons of Adjustable-Rate Mortgagesa) riskier than fixed-rate mortgages
b) higher payments possible
d) interest rates can be raised
What is an Adjustable-Rate Mortgage (ARM)?An adjustable-rate mortgage (ARM) is a mortgage loan with no fixed interest rate.
The interest rate of an adjustable-rate mortgage is variable, depending on the market forces.
One great advantage of an ARM is that it may attract a lower interest rate initially.
However, the interest rate can skyrocket, thereby, increasing its risk.
Thus, for the borrower, the disadvantages (cons) outweigh the pros (advantages) of an adjustable-rate mortgage.
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Question Completion:a) riskier than fixed-rate mortgages
b) higher payments possible
c) lower interest rates possible
d) interest rates can be raised
e) low beginning interest rate
Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credit to their accounts. All of Halifax's sales are for credit (no cash is collected at the time of sale). The company began 2021 with a refund liability of $470,000. During 2021, Halifax sold merchandise on account for $13,200,000. Halifax's merchandise costs is 60% of merchandise selling price. Also during the year, customers returned $524,000 in sales for credit, with $289,000 of those being returns of merchandise sold prior to 2021, and the rest being merchandise sold during 2021. Sales returns, estimated to be 4% of sales, are recorded as an adjusting entry at the end of the year.
Required:
1. Prepare entries to (a) record actual returns in 2021 of merchandise that was sold prior to 2021; (b) record actual returns in 2021 of merchandise that was sold during 2021; and (c) adjust the refund liability to its appropriate balance at vear end.
2. What is the amount of the year-end refund liability after the adjusting entry is recorded?
Answers
Purchase returns and allowances are not reflected on the balance sheet as liabilities since they are not obligations.
Liabilities are exactly what?The balance sheet's right side is devoted to things categorized as liabilities, which include obligations like as loans, accounts payable, mortgages, deferred income, bonds, warranties, and cumulative expenses. You can contrast assets and liabilities. Liabilities are things you owe money to or that you own; assets are things you possess or have borrowed money from.
A refund is due to what account?According to Accounting Coach, refunds are handled in accounting using the sales returns and allowances account, a contra-revenue account.
The consideration amount for which the reporting company does not anticipate being entitled is the amount of the refund obligation since it will be given back to customers. At every reporting date, the refund obligation is reassessed to account for changes in the projected returns, and revenue is subsequently adjusted.
Refund Liability A/c- (Dr.) $289,000
Actual Return A/c $289,000
Inventory A/c- (Dr.) (60% of $289,000) $173,400
Inventory Estimated Return $173,000
Sales Return A/c- (Dr.) ($524,000 - $289,000) $235,000
Actual Return A/c $235,000
Inventory A/c- (Dr.) (60% of $235,000) $141,000
COGS $141,000
4% of $13,200,000 = $528,000 - $235,000= $293,000
$293,000 + $289,000 - $470,000= $112,000
Sales return A/c- (dr.) $112,000
Refund liability A/c $112,000
Inventory Estimated return ($112,000 x 60%) $67,200
COGS $67,200
Returns Liability $470,000
Actual Return ($289,000)
Adjustment needed $112,000
$293,000
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Question 49
A producer may share commission with
O the underwriter of the insurance company
O another licensed but unappointed producer
O the insured to offset a portion of the premium payable
O an unlicensed person who has sold, solicited, or negotiated a policy of insurance
2 of 50 Questions Remaining
Answers
The correct answer to question 49 is that a producer may share commission with another licensed but unappointed producer. b is correct answer
A producer may share commission with another licensed but unappointed producer.
In the insurance industry, a producer is an individual or entity that sells, solicits, or negotiates insurance policies. Producers can be insurance agents, brokers, or other licensed professionals authorized to conduct insurance transactions. Commissions are the compensation received by producers for their services in selling insurance policies.
While producers typically earn commissions based on the premiums paid by policyholders, they may also share commissions with other licensed individuals who are not appointed producers. These individuals are usually part of the same agency or brokerage and contribute to the sales process. By sharing commissions, producers can incentivize teamwork, encourage collaboration, and reward the efforts of their colleagues.
It's important to note that sharing commissions with unlicensed individuals who have sold, solicited, or negotiated insurance policies is generally not allowed. Insurance regulations require that only licensed individuals engage in insurance-related activities. Unlicensed individuals do not have the necessary qualifications, training, and legal authorization to participate in the sales process or receive commissions.
The sharing of commissions with the underwriter of the insurance company or the insured to offset a portion of the premium payable is also uncommon. The underwriter is responsible for assessing risk and determining policy terms, while the insured pays premiums to obtain coverage. Commissions are typically allocated to the producer involved in the sale and are not shared with the underwriter or the insured.
Therefore, the correct answer to question 49 is that a producer may share commission with another licensed but unappointed producer.
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A database program would probably be used to
Answers
Answer:
The application scope of the database is very wide, such as the student information management system, course selection system, as well as the telecommunications department payment system, statistical system, and online game account management, etc., can be said that the current software, especially the network application software, is to use the database
Answer:
A database program would probably be used to track purchases on a commercial website.
Explanation:
A database is the heart of a business information system and provides file creation, data entry, query and reporting functions.
a company with a high level of productivity is able to a. Operate without much investment b. Avoid high opportunity cost c. produce goods and services efficiently d. expand without taking on debt
Answers
Answer is C to produce goods and services efficently
Explanation:
A company that has a high rate of productivity can generate goods and services quickly. So, the correct option is C.
What is Productivity?Productivity is a measure of how effectively commodities or services are produced. Productivity is sometimes represented as a ratio of the whole product to a single input or the total input utilized during a production process, or production per unit of input, usually over a predetermined time period.
An economy may create and consume additional goods and services with the identical amount of effort when productivity is growing. Individuals (workers and consumers), corporate executives, and analysts value productivity (for example policymakers and government statisticians).
Therefore, the correct option is C.
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country f has a population of 300, 250 workers working 5 hours a day, and 1000 units of capital. country q has a population of 100, 95 workers working 8 hours a day, and 2300 units of capital. on feb 13, 2023, both countries produced 1000 pieces of final good. which of the following choices is correct?
Answers
The correct answer is that both countries have the same level of productivity. Productivity is defined as the amount of output produced per unit of input, such as labor or capital.
Comparing dataIn this case, both countries produced 1000 pieces of final good on Feb 13, 2023, despite having different levels of population, workers, working hours, and capital.
This means that both countries were able to produce the same amount of output with different levels of input, indicating that they have the same level of productivity. To calculate productivity, we can use the formula:
Productivity = Output / Input
For country F:
Productivity = 1000 / (300 + 250 + 1000)
= 1000 / 1550 = 0.645
For country Q:
Productivity = 1000 / (100 + 95 + 2300)
= 1000 / 2495 = 0.401
As we can see, both countries have the same level of productivity, despite having different levels of input.
Therefore, the correct answer is that both countries have the same level of productivity
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"Mr. Bergh sent the firm's then top 60 managers six questions about the pros and cons of the business - and started interviewing each of them." Why would Mr. Bergh ask his managers questions about the pros and cons of the business? What type of information was he attempting to retrieve in his interview process? Do you feel that this is an effective way of communication from a leadership perspective?
Answers
Mr. Bergh asked his managers about the pros and cons of the business to gather valuable insights, encourage collaboration, and enhance organizational performance, making it an effective communication approach from a leadership perspective.
Mr. Bergh likely asked his managers questions about the pros and cons of the business to gain valuable insights and feedback from those who have a deep understanding of the organization's operations. By seeking input from the top 60 managers, he could gather a comprehensive perspective on the strengths and weaknesses of the business.
In his interview process, Mr. Bergh was likely attempting to retrieve information about various aspects of the business, such as identifying areas of improvement, understanding challenges faced by the managers, exploring potential opportunities, and gathering ideas for strategic decision-making.
By asking specific questions, he could assess the managers' knowledge, critical thinking, and problem-solving abilities. The goal would be to obtain actionable insights that could inform the company's future direction and enhance its performance.
From a leadership perspective, this approach can be highly effective. Engaging with managers and soliciting their opinions demonstrates a collaborative and inclusive leadership style.
It empowers managers by involving them in decision-making processes and signaling that their expertise and perspectives are valued. It also fosters a culture of open communication, encourages creativity, and enables the organization to tap into the collective intelligence of its top management.
However, the effectiveness of this approach depends on the receptiveness of the managers, the level of trust and psychological safety within the organization, and how the collected feedback is utilized.
It is essential for leaders to create an environment where managers feel comfortable expressing their views and ensure that the information gathered is acted upon or considered in decision-making processes. Regular and transparent communication should follow to close the feedback loop and demonstrate a commitment to continuous improvement.
In summary, asking managers about the pros and cons of the business and conducting interviews can be an effective way for a leader to gather valuable insights, foster collaboration, and enhance organizational performance when accompanied by a supportive leadership style and a commitment to act upon the feedback received.
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What is the safest action you could take if you receive a resume on LinkedIn from a candidate who is interested in a position at your organization
Answers
If you receive a resume on Lin-kedIn from a candidate who would be interested in a position at your company, save the attachment immediately to their candidate profile.
This enables you to study the candidate's profile and recruiting activity before determining whether to pursue the candidate further. When uploading your resume online, you should also choose trusted sources that have a direct link to legitimate firms and recruiters.
You can also forward the message to the employment site that was used and advise them that if someone is interested in a position at your organization, they may want to remove the listing.
As a result, the significance of the safest action you could take if you receive a resume on the candidate are the aforementioned.
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Which person would be least likely to be needed on a selection committee for national sales manager
a. chief financial officer
b. director of human resources
c. director of marketing
d. vice president of sales
Answers
Answer:
A. Chief Financial Officer
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Dwight Donovan, the president of Munoz Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to purchase a machine that will enable factory automation; the machine is expected to have a useful life of five years and no salvage value. Project B supports a training program that will improve the skills of employees operating the current equipment. Initial cash expenditures for Project A are $106,000 and for Project B are $46,000. The annual expected cash inflows are $27,252 for Project A and $12,761 for Project B. Both investments are expected to provide cash flow benefits for the next five years. Munoz Enterprises’ desired rate of return is 8 percent. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.)
Required
Compute the net present value of each project. Which project should be adopted based on the net present value approach?
Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of return approach?
What is the Net Present Value for project A and project B?
Project A?
Project B?
Answers
The project that should be adopted based on the net present value is project B.
The project that should be adopted based on the internal rate of return is project B.
Which projects should be adopted?Net present value is the present value of after-tax cash flows from an investment less the amount invested. Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
The decision rule when using the internal rate of return and the net present value is to undertake the project if the internal rate of return and net present value.
NPV and IRR can be calculated using a financial calculator:
Project A:
Cash flow in year 0 = $-106,000
Cash flow in year 1 - 5= $27,252
I = 8 %
NPV = $2,809.33
IRR = 9%
Project B:
Cash flow in year 0 = $-46,000.
Cash flow in year 1 - 5= $12,761
I = 8 %
NPV = $4,950.97
IRR = 12%
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