Master Business with Fun Quizzes & Brain Teasers!

Peter held a sales associate's license. He renewed his license by completing the post-licensure class on time, but he filled out the renewal form fraudulently. He was discovered by the FREC and his license was revoked. Can Peter ever apply for a real estate license again?
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Andretti Company has a single product called a Dak. The company normally produces and sells 88,000 Daks each year at a selling price of $60 per unit . The companys unit costs at this level of activity are given below : Direct materials $7.50 Direct labor 10.00 Variable manufacturing overhead 1.90 Fixed manufacturing overhead 6.00"Variable selling expenses 2.70 Fixed selling expenses 3.00 ($264,000 total)Total cost per unit $35.00 A number of questions relating to the production and sale of Daks follow. Each question is independent.Required:a. Assume that Andretti Company has sufficient capacity to produce 114,400 Daks each year without any increase in fixed manufacturing overhead costs. The company could increase its unit sales by 30% above the present 88,000 units each year if it were willing to increase the fixed selling expenses by $140,000. What is the financial advantage (disadvantage) of investing an additional $140,000 in fixed selling expenses?b. Would the additional investment be justified?c. Assume again that Andretti Company has sufficient capacity to produce 114,400 Daks each year. A customer in a foreign market wants to purchase 26,400 Daks. If Andretti accepts this order it would have to pay import duties on the Daks of $1.70 per unit and an additional $18,480 for permits and licenses. The only selling costs that would be associated with the order would be $2.00 per unit shipping cost. What is the break-even price per unit on this order?
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The valuation you have of yourself is known as
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Sally promotes her sunscreen product by claiming that with just oneapplication, it will protect you from sun damage for 10 hours. This claim isnot backed by any evidence. What would you consider this practice to be?
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A consumer values a car at $30,000 and a producer values the same car at $20,000. If the transaction is completed at $24,000, what level of sales tax will result in unconsummated transaction
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g You are the assistant to the CEO of a small technology firm that manufactures quality, premium-priced, stylish clothing. The CEO has decided to see what the opportunities are for exporting and has asked you for advice as to the steps the company should take. What advice would you give the CEO
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Astute managers are alert for the presence of these clues: disciplinary actions being challenged, employees questioning managerial decisions, employees talking more openly with managers.
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A supermarket displays featured items at the ends of aisles. These displaysare called
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Using a time line The financial manager at Starbuck Industries is considering an investment that requires an initial outlay of $27 comma 000 and is expected to produce cash inflows of $2 comma 000 at the end of year 1, $6 comma 000 at the end of years 2 and 3, $ 10 comma 000 at the end of year 4, $7 comma 000 at the end of year 5, and $6 comma 000 at the end of year 6. a. Select the time line option that represents the cash flows associated with Starbuck Industries' proposed investment. b. Which of the approacheslong dashfuture value or present valuelong dashdo financial managers rely on most often for decision making? Why?
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Alex expects to incur personal costs of $3,800 in Year 1, and $4,300, $5,200 and $4,600 in costs over the following three years, respectively. What is the present value of these costs at 7 percent
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HUD, Co. had a beginning retained earnings of $28,265. For the year, the company had net income of $5,140 and paid dividends of $1,790. The company also issued $3,290 in new stock during the year. What is the ending retained earnings balance
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Russell Co. received a $680 utility bill for the current month's electricity. It is not due until the end of the next month which is when they intend to pay it. Which of the following general journal entries will Russell Co. make to record the receipt of the bill?a. Utilities Expense 400 Accounts Payable 400 b. Accounts Payable 400 Utilities Expense 400 c. No journal entry is required. d. Cash 400 Utilities Expense 400 e. Utilities Expense 400 Accounts Receivable 400
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The June 30, 2021, year-end trial balance for Askew company contained the following information: Account Debit Credit Inventory, 7/1/2020 32,600 Sales revenue 386,000 Sales returns 12,600 Purchases 246,000 Purchase discounts 6,600 Purchase returns 10,600 Freight-in 18,200 In addition, you determine that the June 30, 2021, inventory balance is $40,600.Required: a. Calculate the cost of goods sold for the Askew Company for the year ending June 30, 2011 b. Prepare the year-end adjusting entry to record cost of goods sold.
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Suppose only two airlines, United and Delta provide flights between Atlanta and Greenville. Both firms must choose whether to advertise or not advertise.The advertising straategies with corresponding profits are depicted in the payoff matrix. United Aitlines profits are in blue and Deltas Airlines are in red.United Airlines dominant strategy is advertise or not advertise ( choose one),and Delta donminant strategy is to advertise or not advertise (choose ones)What is the Nash equilibrium for this game? (choose one)a) United will choose to advertise and Delta will choose not to advertiseb) United will choose not to advertise and Delta will choose to advertisec) United and Delta will both choose to advertised) United and Delta will both choose not to advertise
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Western Company allocates $10 overhead to products based on the number of machine hours used. The company uses a plantwide overhead rate with machine hours as the allocation base. Given the amounts below, how many machine hours does the company expect in department 2?Estimated: Department 1 Department 2Manufacturing overhead costs $270,000 $170,000Direct labor hours 10,000 DLH 32,000 DLHMachine hours 17,000 MH ________MHa. 98,000 MHb. 151,700 MHc. 27,000 MHd. 90,700 MHe. 37,000 MH
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Ocean water contains 0.9 ounces of gold per ton. Method A costs $550 per ton of water processed and will recover 90% of the metal. Method B costs $400 per ton of water processed and will recover 60% of the metal. The two methods require the same capital investment and are capable of producing the same amount of gold each day. If the extracted gold can be sold for $1,750 per ounce, which method should be recommended? The supply of ocean water is essentially unlimited. Hint: Work this problem on the basis of profit per ounce of gold extracted.
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Delmar Company purchased a building on January 2 by signing a long-term $480,000 mortgage with monthly payments of $4,400. The mortgage carries an interest rate of 10 percent. The entry to record the first monthly payment will include a Group of answer choices
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Rosewood Company had current assets of $ 562, current liabilities of $ 403, total assets of $ 772, and longminusterm liabilities of $ 190. What is Rosewood's debt ratio? (Round your final answer to two decimal places.)
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Talks-A-Lot, Inc. sells cell phones to customers and expects that 10% of phones sold will be returned for repair under its warranty program. The average repair cost is $75 per phone. For 2021, Talks-A-Lot has sold 690 cell phones and has repaired 14 of them as of December 31, 2021. What amount of warranty liability should be reported at December 31, 2021
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Clay Earth Company sells ceramic pottery at a wholesale price of $ 5.00 per unit. The variable cost of manufacture is $ 1.25 per unit. The fixed costs are $ 6 comma 700 per month. It sold 4 comma 200 units during this month. Calculate Clay Earth's operating income (loss) for this month. A. $ 9 comma 050 B. $ 14 comma 300 C. ($ 6 comma 700) D. ($ 9 comma 050)
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At the Wedge Natural Co-op in Minneapolis, employees talked about how the long-time general manager had fired almost the entire staff when he took over because they did not show the work ethic he required. This_____reinforced the idea that, though it had grown out of the hippie culture of the 1970s, the food co-op was a serious business that delivered great customer service and made money for its member-owners.
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Consider a business cycle theory that combines the classical IS-LM model with the assumption that temporary changes in government purchases are the main source of cyclical fluctuations. According to this theory, what happens after a temporary increase in government purchases to each of the following variables? a. Employmentb. The real wage c. Average labor productivity d. Investment e. The price level
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6. Achieving lower pollution Suppose a political candidate criticizes a government pollution permit policy that she says lets corporations buy and sell the right to pollute. She argues that our right to breathe and the future of our planet require real regulation instead of this type of government policy. Which of the following describes why most economists would disagree with her statement? A corrective tax would result in a more efficient outcome than either tradable permits or government regulation would. The environment is so important that it should be protected as much as possible, regardless of the cost. A free market in tradable pollution permits is typically more efficient than government regulation. Clean air is a fundamental right, and government regulation will allow too much pollution.
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Sandra Sousa, Registered Dietician Trial Balance July 31, 2018 Balance Account Title Debit Credit Cash 33000 Accounts Receivable 9600 Office Supplies 2200 Prepaid Insurance 2800Equipment 18000Accounts Payable 3100Unearned Revenue 292Notes Payable 34000Sousa, Capital 22000Sousa, Withdrawals 2000 Service Revenue 11258 Salaries Expense 1500Rent Expense 1200 Utilities Expense 350Total $ Net Inoome 70,650 70,650Requirement1. Prepare the income statement for the month ended July 31, 2018,Requirement 2. Prepare the statement of owners equity for the month ended July 31, 2018. Requirement 3. Prepare the balance sheet &s of July 31, 2018. Requirement 4. Calculate the debt ratio as of July 31, 2018 70,650 $ 70,650 Select the debt ratio formula on the first line and then calculate the ratio -Debt ratio
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