Master Business with Fun Quizzes & Brain Teasers!

which famous coin was kniwn as original dollar
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Crane Company reports: Cash provided by operating activities $ 310000 Cash used by investing activities 120000 Cash provided by financing activities 149000 Beginning cash balance 98000 What is Cranes ending cash balance?
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Iota Inc. has a freewheeling culture, whereas Axiom Inc. has a culture based on structure and discipline. The merger of these two companies will be difficult due to the presence of a:
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If Japan uses a certain amount of resources to produced cars, then it cannot use these sames resources to produce corn. The foregone corn production as a result of this resource allocation is ____________
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The supply and demand curves show data for trendy smartphone covers. How would the graph change if the producer hired a popular actor as spokesperson for the product? A) Add D2 to the right of D, showing a decrease in demand and increase in equilibrium price. B) Add D2 to the right of D, showing an increase in demand and increase in equilibrium price. C) Add D2 to the left of D1, showing a decrease in demand and decrease in equilibrium price. D) Add D2 to the left of D1, showing an increase in demand and decrease in equilibrium price.
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A recent college graduate from Clayton State University has the choice of buying a new car for $33,500 or investing the money for four years with an 11% expected annual rate of return. He has an investment of $41,000 in equities and bonds which yields 8% expected annual rate of return. If the graduate decides to purchase the car, the best estimate of the opportunity cost of that decision is
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Felix, Inc., which has excess capacity, received a special order for 5,000 units at a price of $15 per unit. Currently, production and sales are anticipated to be 10,000 units without considering the special order. Budget information for the current year follows. Sales $210,000 - Cost of goods sold 155,000 Gross margin 55,000 Cost of goods sold includes $30,000 of fixed manufacturing cost. If the special order is accepted, will the company's income be increased or decreased
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Chem-Co, Inc. and Plastiques, Inc. are the only local companies that make and distribute a particular chemical. Chem-Co manufactures 70% and Plastiques manufactures 30% of the particular chemical. That chemical is found in the water supply in the city where both factories are located. If that jurisdiction recognizes the theory of market-share liability, liability may be imposed
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Item 1 5 units Cost $50 Market $45 Item 2 7 units Cost $60 Market $65 Item 3 9 units Cost $30 Market $25 Applying the lower of cost or market method, the reported value of this company's ending inventory if LCM is applied to individual items is _____. $870 $905 $920 $940
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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 2018 with an allowance for sales returns of $330,000. During 2018, Halifax sold merchandise on account for $11,800,000. This merchandise cost Halifax $8,260,000 (70% of selling prices). Also during the year, customers returned $345,000 in sales for credit. Sales returns, estimated to be 3% of sales, are recorded as an adjusting entry at the end of the year. Required: 1. Prepare an entry to record actual merchandise returns as they occur (not adjusting the allowance for sales returns), and then record a year-end entry to adjust the allowance for sales returns to its appropriate balance. 2. What is the amount of the year-end allowance for sales returns after the adjusting entry is recorded
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A proposed new investment has projected sales of $515,000. Variable costs are 47 percent of sales, and fixed costs are $130,000; depreciation is $50,500. Prepare a pro forma income statement assuming a tax rate of 22 percent. What is the projected net income? (Input all amounts as positive values. Do not round intermediate calculations.)
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The Magnuson-Moss ______ Act directs manufacturers and sellers to detail the service coverage, terms, and exclusions on products.
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Sheridan Corporation has fixed costs of $648,640. It has a unit selling price of $7.40, unit variable cost of $5.68, and a target net income of $1,522,000. Compute the required sales in units to achieve its target net income. Required sales units
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Use the information below to answer the following questions. U.S. $ EQUIVALENT CURRENCY PER U.S. $ Polish Zloty .2994 3.3406 Euro 1.2456 .8028 Mexican Peso .0752 13.2998 Swiss Franc 1.0352 .9660 Chilean Peso .002071 482.80 New Zealand Dollar .8080 1.2376 Singapore Dollar .8004 1.2494 a. If you have $275, how many Polish zloty can you get
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1. Imagine this scenario: On Thursday, after your computer breaks, you order a new computer from Amazon to be delivered on Friday, paying extra so the computer arrives in time for your big presentation to the company President. If you mess this up, you will lose your job. Unfortunately, the computer does not arrive for ten days and you lose your job. What can you sue Amazon for? What promise did Amazon breach? 2. What contract provision (promise) could Amazon agree to that would make it liable for your lost job?
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Concrete terms can never be used in an abstract or symbolic way.Please select the best answer from the choices provided
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Jack's Construction Co. has 80,000 bonds outstanding that are selling at par value. Bonds with similar characteristics are yielding 8.5%. The company also has 4 million shares of common stock outstanding. The stock has a beta of 1.1 and sells for $40 a share. The U.S. Treasury bill is yielding 4% and the market risk premium is 8%. Jack's tax rate is 35%. What is Jack's weighted average cost of capital
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Madsen Motors's bonds have 21 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 12%, and the yield to maturity is 15%. What is the bond's current market price
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Cost Flow Relationships The following information is available for the first year of operations of Creston Inc., a manufacturer of fabricating equipment: Sales $1,309,200 Gross profit 353,500 Indirect labor 117,800 Indirect materials 48,400 Other factory overhead 22,300 Materials purchased 667,700 Total manufacturing costs for the period 1,445,400 Materials inventory, end of period 48,400 Using the above information, determine the following amounts: a. Cost of goods sold $ b. Direct materials cost $ c. Direct labor cost $
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Street & Smith publishes the same baseball magazine with exactly the same stories but with 16 different covers to appeal to baseball fans in 16 different regions of the U.S. What is the market segmentation strategy?
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At each calendar year-end, Mazie Supply Co. uses the percent of accounts receivable method to estimate bad debts. On December 31, 2017, it has outstanding accounts receivable of $135,500, and it estimates that 5% will be uncollectible. Prepare the adjusting entry to record bad debts expense for year 2017 under the assumption that the Allowance for Doubtful Accounts has: (a) a $2,304 credit balance before the adjustment. (b) a $678 debit balance before the adjustment.
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Identify the statements below that are correct regarding the closing entries for a merchandiser using the perpetual inventory system. (Check all that apply.) The Dividends account is closed to Retained Earnings Sales Returns and Allowances is closed with the expense accounts. Sales Discounts is closed with the revenue accounts. Merchandise Inventory is closed with the expense accounts. Sales Discounts is closed with the expense accounts. The Dividends account is closed to Income Summary. Cost of goods sold is closed with the revenue accounts. Sales is closed as a revenue account. Cost of goods sold is closed with the expense accounts.
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NU YU announced today that it will begin paying annual dividends. The first dividend will be paid next year in the amount of $.27 a share. The following dividends will be $.32, $.47, and $.77 a share annually for the following three years, respectively. After that, dividends are projected to increase by 2.3 percent per year. How much are you willing to pay today to buy one share of this stock if your desired rate of return is 12 percent
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You purchased 290 shares of a particular stock at the beginning of the year at a price of $75.53. The stock paid a dividend of $1.05 per share, and the stock price at the end of the year was $82.04. What was your dollar return on this investment
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