Master Business with Fun Quizzes & Brain Teasers!

Vintage Weaponry is owned and operated by a craftsman who makes replicas of historic firearms for museums, sportsmen, and collectors. He is currently producing 40 flintlock muskets per month. Data are as follows: Sales price per unit $ 900 Variable cost per unit 700 Fixed costs per month 4 comma 800 If Vintage expects to sell 60 units per month, how much is his margin of safety expressed in sales revenue?
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Which of the following are exempt from licensure, as long as they meet the exemptionrequirements?Public and non-public schoolsChild care facilitiesMembership organization programsSummer day and 24-hour campsLarge family child care homesVacation Bible School programsHotels and resorts
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Biarritz Corp. is growing quickly. Dividends are expected to grow at a rate of 29 percent for the next three years, with the growth rate falling off to a constant 6.8 percent thereafter. If the required return is 15 percent and the company just paid a dividend of $3.15, what is the current share price
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A customer sells short 100 shares of ABC stock at $80 per share. The stock falls to $70, at which point the customer writes 1 ABC Sept 70 Put at $4. The stock falls to $62 and the put is exercised. The customer has a gain per share of:
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The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2020, the last day of its fiscal year. The enterprise fund was established this year through a transfer from the General Fund. Prepare the reconciliation of operating income to net cash provided by operating activities that would appear at the bottom of the December 31 Statement of Cash Flows. Recall that the beginning balance of all assets and liabilities is zero. (Deductions should be entered as a negative amount.)
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In a declining industry, a company may utilize a harvest strategy and: a.significantly increase its investment in a business.b.extract maximum profits from its investments.c.venture into new market segments with new products.d.expand the number of stores or outlets for its products.e.significantly increase its advertising expenditure.
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Go Fly A Kite is considering making and selling custom kites in two sizes. The small kites would be priced at $12.60 and the large kites would be $25.60. The variable cost per unit is $6.10 and $13.20, respectively. Jill, the owner, feels that she can sell 3,650 of the small kites and 2,015 of the large kites each year. The fixed costs would be $2,120 a year and the depreciation expense is $1,950. The tax rate is 34 percent. What is the annual operating cash flow
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Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire on July 17 and received an invoice with a list price amount of $5,700 and payment terms of 4/10, n/30. Alison uses the net method to record purchases. Alison should record the purchase at:
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The Morris Corporation has $350,000 of debt outstanding, and it pays an interest rate of 8% annually. Morris's annual sales are $1.75 million, its average tax rate is 30%, and its net profit margin on sales is 8%. If the company does not maintain a TIE ratio of at least 3 to 1, its bank will refuse to renew the loan and bankruptcy will result. What is Morris's TIE ratio? Do not round intermediate calculations. Round your answer to two decimal places.
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Tangible and intangible features like design, symbols, customer touch points, etc. differentiate the services and goods of one seller from another. These features create a psychological stimulus or trigger that causes associations with other ideas or thoughts about a seller. Which marketing term best fits this definition
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Review the "Types of Distribution Channels" study material. Explain why the selection of distribution channels is essential to a successful marketing strategy. Provide an example of a well-known company's distribution channels and defend their choices. In replies to peers, agree or disagree with their assessment and justify your response.
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What type of information system would a chain of theaters use to selltickets?
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A 10-year (zero-coupon) Treasury bill with face value of $100 per share is selling at $70.89 per share. There is a 10-year corporate bond with a 5% coupon rate and face value of $100 per share. The coupon payment is every 12 months. The price of the bond is $96.23 per share. The 10-year, zero coupon Treasury bills are selling at $70.89. What is the bond's yield to maturity?
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$511,000 bond issue sold for $483,000. Therefore, the bonds: Multiple Choice Sold for the $511,000 face amount less $28,000 of accrued interest. Sold at a discount because the stated interest rate was higher than the market rate. Sold at a discount because the market interest rate was higher than the stated rate. Sold at a premium because the stated interest rate was higher than the market rate.
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For what purpose should the passive voice be used? a. To strengthen most business writing b. To de-emphasize bad news c. To emphasize the doer of the action d. To lengthen the message
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g Citizens in India buy music from the U.S. To do so they use Indian rupees to purchase U.S. dollars. If U.S. citizens hold these rupees rather than spending them, what happens to U.S. net exports and U.S. net capital outflows
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sadik inch's bonds currently sell for $1,300 and have a par value of $1,000. They pay a $105 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,100. What is their yield to call
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Greenspan Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $11,880. All sales are subject to a 8% sales tax. Compute sales taxes payable. Sales taxes payable
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Stuart claimed that when he was hired by Midwest Bottling Co., the company orally offered a contract to employ him until he retired. Stuart claimed he accepted and told Midwest Bottling Co. he might not retire for 10 more years. Three years later, Midwest Bottling Co. terminated Stuart's employment. Stuart sued, claiming breach of employment contract. Midwest Bottling claimed the alleged oral contract was required by the Statute of Frauds to be in writing, because it could not be completed in one year and therefore was unenforceable. Did the contract fall within the Statute of Frauds
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Exhibit 12-1 Balance Sheet BANK ABC ($ millions) Assets Liabilities Required Reserves $20 Checkable Deposits $ 100 Excess Reserves 0 Nontransaction Deps 50 Loans 100 Borrowings 5 Securities 40 Bank Capital (A) Refer to Exhibit 12-1. The required reserve ratio is a. 0.30. b. 0.10. c. 0.15. d. 0.25. e. 0.20.
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6. Problems and Applications Q6 Which of the following is true about general knowledge? It generates a negative externality. It generates a positive externality. It generates both a positive and a negative externality. It does not generate any externalities. As a result, private firms undertake the efficient amount of basic scientific research. Which of the following policies has the United States adopted in response to this problem? Check all that apply. A progressive income tax Taxing revenue from the National Science Foundation Subsidizing research through the National Institutes of Health It is often argued that this policy increases the technological capability of American producers relative to that of foreign firms. True or False: This argument is correct only if the knowledge provided by basic research is not rival in consumption. True False
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On April 1, 2020, Vaughn Company assigns $524,600 of its accounts receivable to the Third National Bank as collateral for a $336,000 loan due July 1, 2020. The assignment agreement calls for Vaughn to continue to collect the receivables. Third National Bank assesses a finance charge of 4% of the accounts receivable, and interest on the loan is 10% (a realistic rate of interest for a note of this type). Prepare the April 1, 2020, journal entry for Vaughn Company.
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In March 2021, the Phillips Tool Company signed two purchase commitments. The first commitment requires Phillips to purchase inventory for $101,000 by June 15, 2021. The second commitment requires the company to purchase inventory for $151,000 by August 20, 2021. The company's fiscal year-end is June 30. Phillips uses a periodic inventory system. The first commitment is exercised on June 15, 2021, when the market price of the inventory purchased was $85,500. The second commitment was exercised on August 20, 2021, when the market price of the inventory purchased was $120,500. Required: Prepare the journal entries required on June 15, June 30, and August 20, 2021, to account for the two purchase commitments. Assume that the market price of the inventory related to the outstanding purchase commitment was $140,400 at June 30. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
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A company had net income of $210,000. Depreciation expense is $26,000. During the year, Accounts Receivable and Inventory increased $15,000 and $40,000, respectively. Prepaid Expenses and Accounts Payable decreased $2,000 and $4,000, respectively. There was also a loss on the sale of equipment of $3,000. How much cash was provided by operating activities?
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