The inspecting cost pool assigned to throw rugs would be RM49,000.
Activity-Based Costing (ABC) is a technique that recognizes the relationship between the cost driver, the quantity of cost drivers, and the resulting expense of various services. The purpose of ABC is to identify the activities and cost pools, allocate the total cost to the activities, and assign the cost of each activity to the product based on its use of the activity. Hasli has estimated that the overhead costs of the Inspecting activity pool are RM140,000, which is utilized by throw rugs and area rugs. The cost driver for the Inspecting activity pool is the number of inspections performed, and the total number of inspections performed by Hasli for throw rugs is 700, while the number of inspections performed for area rugs is 1,300. Calculate the amount of overhead cost that should be allocated to the throw rugs. The process of calculating the amount of overhead costs that should be assigned to each product involves the following stages:1.
To calculate the overhead rate for the inspecting activity pool, divide the total overhead costs by the number of cost drivers:
RM140,000 ÷ (700 + 1,300) inspections = RM70 per inspection.
2. Assign the overhead costs for each product by multiplying the overhead rate by the number of cost drivers for that product. For throw rugs:
RM70 per inspection × 700 inspections = RM49,000
The Inspecting activity pool's overhead costs should be allocated to throw rugs in the amount of RM49,000. In this case, the overhead rate for the Inspecting activity pool is RM70 per inspection. Since Hasli produced 700 inspections for throw rugs, the total overhead cost assigned to throw rugs would be:
RM70 per inspection × 700 inspections = RM49,000.
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Financial Institutions (FIs) transform claims of household savers (in the form of deposits) into loans issued to corporations, individuals, and governments. Explain why FIs would engage in such a business. What is the largest risk FIs face with this business model and why is this risk so important that the industry is regulated by government agencies?
Financial institutions (FIs) transform claims of household savers (in the form of deposits) into loans issued to corporations, individuals, and governments.
Financial institutions such as banks, insurance companies, and mutual fund organizations take deposits from households and lend them to individuals, businesses, and the government. They carry out this business for two primary reasons: profit-making and public welfare.
Financial institutions are intermediaries that connect savers with borrowers and support the economy by providing the much-needed funds.Financial institutions face the risk of loan default as the main risk with this business model. When a borrower defaults on a loan, the financial institution loses the money it has lent, resulting in a financial loss.
In addition to the direct financial loss, the bank may lose other customers who lose confidence in the institution as a result of loan defaults. The fact that banks engage in the business of borrowing and lending makes them susceptible to different types of risks.
Banks are subject to regulations to minimize risks such as default risk, market risk, liquidity risk, and others. Because the failure of financial institutions can have significant negative consequences for the economy, government regulatory agencies supervise them.
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Which is present when an applicant stands to lose value if the insured dies?
"Insurable Interest" is the correct answer that is present when an applicant stands to lose value if the insured dies.
Insurable Interest refers to the interest that a person has in an item that is insured, and in insurance, it is the interest that a person has in an object or an event that is insured. Insurable interest refers to the expectation of profit from the continued existence of an insured object or the lack of loss from its destruction. A person is regarded to have an insurable interest in something if their benefit or financial position will be compromised if the item is lost or damaged, such as a house, vehicle, or life.
This interest must exist at the moment of the policy's acquisition, and it must be in the actual item being insured. The primary reason for the requirement is to ensure that policyholders are not tempted to profit from the loss of an item that they did not have an interest in.
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Which is NOT one of the big trends in supermarket retailing? Increasing private-label merchandise Experiential shopping Increasing ethnic merchandise Reducing reliance on fresh merchandise Question 15 (1 point) Which of the following would be an example of scrambled merchandise? A bakery offering bread A convenience store offering bread A convenience store offering soda A convenience store offering gum
The trend that is NOT one of the big trends in supermarket retailing is reducing reliance on fresh merchandise. Supermarkets are facing tough competition from a variety of sources, and to stay relevant they need to stay on top of the latest trends
In recent years, there have been several big trends in supermarket retaiasing ethnic merchandise. The trend that is NOT one of the big trends in supermarket retailing is reducing reliance on fresh merchandiseling, including increasing private-label merchandise, experiential shopping, and incre.
Scrambled merchandise refers to products that are complementary but not related to one another. Among the given options, the example of scrambled merchandise is a convenience store offering gum. Scrambled merchandise is often placed together to increase sales. reliance on fresh merchandiseling, including increasing private-label merchandise, experiential shopping, and incre.
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Which of the following refers to consumers who refuse to sacrifice style but who achieve that style on a budget?
A) spendthrifts
B) frugalistas
C) ostriches
D) tightwads
The following refers to consumers who refuse to sacrifice style but who achieve that style on a budget is called "frugalistas." Frugalista refers to someone who's economically savvy, yet committed to being fashionable or stylish.
The correct option is B.
What does frugalista mean? Frugalista is a term that refers to an individual who maintains a frugal lifestyle without sacrificing taste, quality, or aesthetics. Frugalistas pursue their interests in high fashion and luxury living by finding ways to cut expenses and live on a budget. What is frugal fashion? Frugal fashion refers to a fashion trend where an individual is careful in making purchases for his/her wardrobe and prefers thrift stores and garage sales.
A frugal fashionista is someone who spends money carefully on clothing to ensure that she has a fashionable wardrobe while staying within her budget. Frugal fashionistas spend money on timeless pieces that can be dressed up or down, paired with a variety of garments, and can be worn over time. When they do decide to splurge, they are usually seeking a high-quality product that will last a long time.
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As a result of tax audit it was revealed that Company has not taxed sale transaction conducted in June 2022 with VAT. Amount of that transaction without VAT - 220,000 GEL. Tax Audit was completed and Tax Audit Report was created on 16th July - Principal Amount of VAT and 50% fine was assessed to the company. Based on that report, the Order and the Tax Notice was created on 18th of July. These documents were served to the Company on 19th July.
Tasks:
1. What amount will be indicated in the Tax Notice?
2. On which date is it possible to present tax collection order on the bank account of the Company?
3. What amount will be indicated in the collection order?
4. In case of restructuring the tax liability where payment is postponed till 31.12.2023, what amount must be paid on this date?
As a result of tax audit it was revealed that Company has not taxed sale transaction conducted in June 2022 with VAT. 1. The amount indicated in the Tax Notice would be 110,000 GEL; 2. The tax collection order can be presented on the bank account of the Company after the Tax Notice has been served on July 19th; 3. amount indicated in the collection order is 165,000 GEL and 4. The amount to be paid on December 31, 2023, in case of restructuring the tax liability, the amount that must be paid on this date is 181,500 GEL.
1. Tax audit was carried out on Company's tax report, and it was discovered that the company did not tax the sale transaction conducted in June 2022 with VAT. Hence, the amount of that transaction without VAT is 220,000 GEL. As a result, the Tax Audit Report was created on 16th July and the Principal Amount of VAT and 50% fine was assessed to the company.
The amount that will be indicated in the Tax Notice is 110,000 GEL.
2. The tax collection order can be presented on the bank account of the Company on the 3rd day after the Tax Notice is served. The Order and the Tax Notice were created on 18th of July and served to the Company on 19th July. Hence, the tax collection order can be presented on the bank account of the Company on the 22nd of July.
3. The Principal Amount of VAT assessed on the company is 220,000 GEL and 50% fine was assessed to the company which is 110,000 GEL. The total amount that the company has to pay is 330,000 GEL (220,000 + 110,000). Hence, 50% of the amount is taken as a fine, and the remaining 50% is taken as the principal amount of VAT. Therefore, the amount indicated in the collection order is 165,000 GEL.
The amount that will be indicated in the collection order is 165,000 GEL.
4. In case of restructuring the tax liability where payment is postponed till 31.12.2023, the amount that must be paid on this date is 181,500 GEL.
When tax liability is restructured, the company must pay the Principal Amount of VAT and 50% of the fine before restructuring. Hence, the company must pay 330,000 GEL (220,000 GEL + 110,000 GEL). After restructuring the tax liability, the company will have to pay 10% of the remaining balance every month. Therefore, the remaining balance will be 297,000 GEL (330,000 - 33,000 GEL). The period of restructuring is 18 months (from July 2022 to December 2023). Hence, the company must pay 16,500 GEL (297,000 GEL/18 months) every month.
The total amount that the company must pay on 31.12.2023 is 181,500 GEL (16,500 GEL x 11 months).
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Cash Budget Harbour Inc. collects 25% of its sales on account in the month of the sale and 75% in the month following the sale. If sales on account are budgeted to be $246,000 for September and $284,000 for October, what are the budgeted cash receipts from sales on account for October?
The budgeted cash receipts from sales on account for October will be the sum of the amount received from September sales and October sales, which is; $61,500 + $71,000 = $132,500.Answer: The budgeted cash receipts from sales on account for October will be $132,500.
Cash budget is a plan for cash inflows and outflows for a specified period, which is used to determine whether a company will have enough cash to meet its obligations. It's a financial statement that outlines the inflows and outflows of cash for a specific period of time. In the given case, we are to determine the budgeted cash receipts from sales on account for October. The budgeted sales on account for September are $246,000, and the budgeted sales on account for October are $284,000.The firm collects 25% of its sales on account in the month of sale and 75% in the month following the sale.The amount to be received in the month of October for the sales on account in September will be 25% of $246,000 which is; $61,500.The amount to be received in the month of October for the sales on account in October will be 25% of $284,000 which is; $71,000.So, the budgeted cash receipts from sales on account for October will be the sum of the amount received from September sales and October sales, which is; $61,500 + $71,000 = $132,500.Answer: The budgeted cash receipts from sales on account for October will be $132,500.
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According to the free cash flow valuation approach, the value of a firm will increase when there is a
a. Decrease in the debt-to-equity ratio
b. Decrease in number of shares outstanding
c. Increase in preference shares in issue
d. Increase in net working capital
Answer:
According to the free cash flow valuation approach, the value of a firm will increase under the following scenarios:
a. Decrease in the debt-to-equity ratio: A decrease in the debt-to-equity ratio indicates a lower level of debt relative to equity in the firm's capital structure. This reduction in debt implies a lower financial risk and interest expense, which can lead to an increase in the firm's free cash flows. As a result, the firm's value is likely to increase.
b. Decrease in the number of shares outstanding: When the number of shares outstanding decreases, the ownership claims on the firm's cash flows are distributed among a smaller number of shareholders. This can lead to an increase in the earnings and cash flows per share, which in turn can increase the firm's value.
c. Increase in preference shares in issue: The impact of an increase in preference shares on the firm's value depends on the terms of the preference shares. If the preference shares have a preference in receiving dividends or liquidation proceeds, their introduction can reduce the cash flows available to common shareholders. As a result, the firm's value may decrease. However, if the preference shares do not have any preference over common shareholders, their introduction may not directly impact the firm's value.
d. Increase in net working capital: Net working capital refers to the difference between current assets and current liabilities. An increase in net working capital indicates that the firm has more current assets (e.g., cash, accounts receivable, inventory) than current liabilities (e.g., accounts payable, short-term debt) on its balance sheet. This increase implies that the firm has more resources available to support its operations and growth. Consequently, the firm's free cash flows are likely to increase, leading to a potential increase in its value.
It's important to note that while these scenarios can generally impact a firm's value, the actual effect on value will depend on various factors and the specific circumstances of the firm. Valuation approaches should be used in conjunction with other analysis techniques to make informed decisions.
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Someone said that in China, the pace of urbanization is never
determined by the decision-making of millions of separate
individuals. Do you agree? Why?
The statement that the pace of urbanization in China is never determined by the decision-making of millions of separate individuals is not entirely accurate. While it is true that China has implemented top-down policies and urban planning initiatives that have heavily influenced the pace and direction of urbanization, individual decision-making also plays a significant role.
In China, rural-to-urban migration has been a key driver of urbanization. Millions of individuals make the decision to leave rural areas in search of better economic opportunities, improved living standards, and access to social services in urban centers. These individual decisions contribute to the overall pace of urbanization as people move to cities and contribute to population growth.
Moreover, individual choices regarding employment, education, and lifestyle preferences also shape the pattern and pace of urbanization. Individuals make decisions about where to work, study, and reside based on their personal circumstances and aspirations, which influence the growth of specific urban areas.
While the Chinese government's policies have played a significant role in shaping urbanization trends, it is essential to recognize the agency and decision-making of millions of individuals as they contribute to the overall pace and direction of urbanization in China.
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Which of the following statements is TRUE? a. The board of directors are elected by the CEO of the company. b. A A sole proprietorship has its profits taxed as personal income. c. The Sarbanes-Oxley Act of 2002 requires all board of directors to certify that the firm's financial statements are accurate. d. Agency problem refers to a conflict of interest among a firm's stockholders.
The true statement among the options provided is: c. The Sarbanes-Oxley Act of 2002 requires all board of directors to certify that the firm's financial statements are accurate.
The Sarbanes-Oxley Act (SOX) was enacted in response to accounting scandals to enhance corporate governance and financial reporting. One of its provisions is the requirement for the board of directors to certify the accuracy of the company's financial statements. This certification helps ensure transparency and accountability in financial reporting, ultimately benefiting investors and stakeholders.
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The future value of a $10,000 annuity due deposited at 9 percent compounded annually for each of
the next 9 years is _____
The future value of annuity due of $10,000 deposited at 9 percent compounded annually for each of
the next 9 years is $141,928.9.
We are given the following data:
Amount of annuity due deposited = $10,000
Interest rate compounded annually = 9%
Number of years for which the investment is made = 9 years
We know that the formula for the future value of an annuity due is given by:
FVAD = A * [((1 + r)^n - 1)) / r] *(1 + r)
FVAD = Future value of annuity due
A = Amount of annuity due
n = Number of periods
r = Rate of interest per period
Let us substitute the values in the above formula and calculate the future value of the annuity due:
FVAD = $10,000[((1 + 0.09)⁹ - 1)÷0.09)(1 + 0.09)
FVAD = $10,000[((1.09)⁹ - 1)÷0.09)(1.09)
FVAD = $10,000[((2.17189 - 1)÷0.09)(1.09)]
FVAD = $10,000[(1.17189÷0.09)(1.09)]
FVAD = $10,000[(13.021)(1.09)]
FVAD = $10,000×14.19289
FVAD = $141,928.9
Therefore, the future value of a $10,000 annuity due deposited at 9 percent compounded annually for each of the next 9 years is $141,928.9.
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a property manager must qualify a prospect before allowing the potential tenant to take possession of the property. the standardized guidelines used to qualify prospective tenants are known as the three cs, which are:
In this situation, the normalized rules used to qualify prospective tenants are known as the three Cs, which are Credit, Limit, and Character.
The option (A) is correct.
Credit: A decent record of loan repayment demonstrates a dependable monetary history and recommends the occupant is probably going to make convenient lease installments.Capacity: Capacity alludes to the inhabitant's monetary capacity to meet the rental commitments.Character: Character appraisal includes assessing the inhabitant's social attributes and dependability. Property supervisors might think about the inhabitant's rental history and references from past landowners.By assessing these three Cs (Credit, Capacity, and Character), property chiefs can pursue informed choices with respect to planned inhabitants and guarantee that the property is involved by people who are monetarily proficient and prone to capably satisfy their rental commitments.
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This question is not complete, Here I am attaching the complete question:
A property manager must qualify a prospect before allowing the potential tenant to take possession of the property. the standardized guidelines used to qualify prospective tenants are known as the three cs, which are:
(A) Credit, Limit, and Character.
(B) Exterior Property Areas: Grass & Weed Regulations
(C) Requirements, Special Requirements and Current Rent
Day Job 1 2 3 4 5 6 7 8 9 10 11 o os D . First Printing and Copy Center has 4 jobs to be scheduled Production scheduling personnel are reviewing the Gantt chart at the end of day 4 Job D was scheduled to begin early on day 2 and take 7.5 days. As of now (the review point after day 4), it is 2 days ahead of schedule. Job E should begin on day 1 and take 4 days. It was on time Job F was to begin on day 3, but maintenance forced a delay of 0.5 day. The job should now take 5 full days. It is now on schedule Job G is a day behind schedule. It started at the beginning of day 2 and should require 5 days to complete. Add the actual progress to the Gantt schedule shown on the right (on which the planned timings have been already plotted as blue lines). Using the line drawing tool, plot the actual progress showing the actual start and the expected finish on top of (overlapping) the maroon dashed line provided just above the job number for each of the tasks. E וד F G Now
Production scheduling personnel of First Printing and Copy Center are reviewing the Gantt chart at the end of day 4. The given scenario shows that First Printing and Copy Center has 4 jobs to be scheduled, namely Job D, Job E, Job F, and Job G. Job D was scheduled to begin early on day 2 and take 7.5 days.
As of now (the review point after day 4), it is 2 days ahead of schedule. Job E should begin on day 1 and take 4 days. It was on time. Job F was to begin on day 3, but maintenance forced a delay of 0.5 days. The job should now take 5 full days. It is now on schedule. Job G started at the beginning of day 2 and should require 5 days to complete. It is a day behind schedule. We need to add the actual progress to the Gantt schedule shown on the right. We have to plot the actual progress showing the actual start and the expected finish on top of (overlapping) the maroon dashed line provided just above the job number for each of the tasks.
The following is the Gantt chart showing the actual progress of the jobs completed till day 4:First Printing and Copy Center's Gantt ChartTherefore, the Gantt chart showing the actual progress of First Printing and Copy Center till day 4 is provided above. It is suggested that you note that the chart provided is just an example and may differ from the answer to the actual question.
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please write a 300 word paragraph on the following
the two major political parties compete for power in the early
twentieth century of chinas modern history.
The two major political parties that competed for power in the early twentieth century of China's modern history were the Kuomintang (KMT) and the Chinese Communist Party (CCP).
During the early twentieth century, China experienced significant political upheaval and transformation. The Kuomintang, led by Sun Yat-sen, aimed to establish a democratic republic and modernize China. The party advocated for social reforms, nationalism, and an end to foreign imperialism. They gained support from various groups, including intellectuals, merchants, and local warlords.
On the other hand, the Chinese Communist Party, led by Mao Zedong, aimed to overthrow the existing social order and establish a communist society. The CCP's ideology was rooted in Marxism-Leninism and sought to address issues of land redistribution, workers' rights, and the liberation of the peasantry. The party gained significant support from peasants and workers, particularly in rural areas.
The KMT and CCP engaged in fierce competition for political power, leading to a series of conflicts and alliances. Initially, the two parties formed the First United Front to combat warlordism and foreign imperialism. However, their collaboration was short-lived, and tensions escalated between them. The KMT and CCP engaged in armed confrontations, such as the Northern Expedition, which aimed to unify the country under one central government.
The competition for power between the Kuomintang (KMT) and the Chinese Communist Party (CCP) in the early twentieth century of China's modern history was a crucial period that shaped the country's political landscape. The KMT advocated for a democratic republic and modernization, while the CCP sought to establish a communist society. The conflict and collaboration between these two parties resulted in significant political and social changes, ultimately leading to the Chinese Civil War and the eventual establishment of the People's Republic of China in 1949. Understanding this dynamic period provides insight into the complexities of China's political evolution and the emergence of the two major political forces that continue to shape the country today.
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In a market demand and supply equations are:
The demand curve is given as: P = 80 - Q
The supply curve is given as: P = 40 + 3Q
Assuming a perfectly competitive market:
1) What is the equilibrium price and quantity?
2) What is producer surplus?
3) What is the consumer surplus?
4) What is the total wealth?
In a perfectly competitive market with the given demand and supply equations, the equilibrium price and quantity can be determined. The equilibrium price is $50, and the equilibrium quantity is 10 units. Producer surplus can be calculated as $150, consumer surplus as $250, and the total wealth as $400.
To find the equilibrium price and quantity, we set the demand and supply equations equal to each other:
80 - Q = 40 + 3Q
Rearranging the equation, we get:
4Q = 40
Q = 10
Substituting the value of Q back into either the demand or supply equation, we find that the equilibrium price is:
P = 80 - 10 = $50
Producer surplus is the area above the supply curve and below the equilibrium price. In this case, it is equal to:
(1/2) * (10) * (50 - 40) = $150
Consumer surplus is the area below the demand curve and above the equilibrium price. It can be calculated as:
(1/2) * (10) * (80 - 50) = $250
Total wealth is the sum of producer surplus and consumer surplus, which gives us:
$150 + $250 = $400
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write about 5 pages about " E-Commerce's Impact on Operation
Management."
E-Commerce, in the modern world, has impacted many industries, including Operation Management. The term Operation Management refers to the business process that involves the production of goods and services.
E-commerce has had a significant impact on the operation management of various industries, including manufacturing, logistics, and supply chain management. Here are some of the impacts of E-Commerce on Operation Management:
1. Improved Efficiency: E-Commerce has made it easier for businesses to automate their processes, resulting in increased efficiency in the operation management process. This increased efficiency has allowed businesses to cut down on operational costs, and thus improve their profit margins.
2. Inventory Management: With E-Commerce, businesses have been able to manage their inventory better. The use of automated systems in E-Commerce has allowed businesses to keep track of their inventory levels, reducing the chances of overstocking or stock-outs.
3. Faster Delivery: E-Commerce has enabled businesses to deliver their products faster than ever before. Customers now expect their orders to be delivered within a few days, and E-Commerce has made that possible. This has resulted in better customer satisfaction rates, as well as an increase in sales for businesses.
4. Increased Competition: E-Commerce has made it easier for small businesses to enter the market and compete with larger companies. This has resulted in increased competition, which has forced businesses to improve their operations management processes in order to stay competitive.
5. Increased Customer Reach: E-Commerce has allowed businesses to reach customers in different parts of the world. This has opened up new markets for businesses, resulting in increased revenue and growth.
E-Commerce has changed the way businesses operate, and Operation Management has not been left behind. It has provided businesses with new opportunities for growth, improved efficiency, and better customer satisfaction.
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Choose all that are not appropriate statements regarding business combinations and divestures. 1. A businesses that is in an industry where economies of scale is observed have an incentive to enlarge its operation through a merger. 2. A corporation is sometimes forced to divest a part of its business due to its excessive market power. 3. Two corporations that are planning to merge as equal partners should create a new legal entity (a "business combination") because that would be less costly than absorbing one corporation into another (an "absorption"). 4. A corporation seeking to acquire another corporation can do so by buying shares of the target through the open market. 5. The board of a corporation that have agreed to merge with another corporation should categorically reject a merger offer from another corporation because that would result in a breach of contract for the first merger agreement.
Regarding mergers and acquisitions and divestitures of businesses, the first assertion is incorrect. The reason is that if economies of scale are seen, there is a motivation to grow the business through acquisition. Because there are significant economies of scale, one corporation or organisation may purchase another.
Regarding mergers and acquisitions and divestitures of businesses, the second assertion is incorrect. Sometimes a company is compelled to sell off a portion of its operations for financial reasons and to avoid monopolies, rather than because it has too much market power.
Regarding corporate mergers and sales, the third assertion is accurate. The rationale is that mergers would be less expensive for businesses than acquisitions. It costs more to acquire than to merge. When it comes to corporate mergers and sales, the fourth statement is accurate. The explanation is that a corporation can buy the shares of another corporation and thereby acquire it. This is how acquisition is defined.
Regarding corporate mergers and sales, the fifth statement is accurate. A merger proposal from another corporation should be emphatically rejected by the board of the corporation that has committed to combine with another business because doing so would be in violation of the original merger agreement. A breach of contract would be a violation of the terms and conditions of the agreement, and the parties concerned could take the matter to court to be resolved.
Therefore, when it comes to corporate mergers and acquisitions, the first and second claims are incorrect.
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Using the average cost method, the amount allocated to the ending inventory on June 30 is $4,200. b. $2,400. $1,794 d. $1,800. On October 1,2021 uncan Company places a new asset into service. The cost of the asset is $12,000 with an estimated 5-year life and $3,000 salvage value at the end of its useful life. C. a. c. 29 What is the depreciation expense for 2018 Duncan Company uses the straight- line method of depreciation? $450. b. $2,400. $600. d. $1,200. 30 What is the book value of the plant asset on the December 31, 202/alance sheet assuming that Duncan Company uses the double-declining-balance method of depreciation? $7,800. b. $9,000. $10,800. $11,400. a. c. d.
Part A: The amount allocated to the ending inventory on June 30, using the average cost method = $1,800
The average cost per unit is computed as the total cost of goods available for sale divided by the total number of units available for sale.
($3,400 + $4,200 + $2,400) ÷ (220 + 260) = $9,000 ÷ 480 = $18.75 per unit
Ending inventory on June 30 = 120 units x $18.75 per unit = $2,250
The amount allocated to the ending inventory = 120 units x $15 per unit = $1,800
Therefore, option D is correct.
Part B: The depreciation expense for 2018 Duncan Company uses the straight-line method of depreciation = $1,200
The formula for straight-line depreciation is:
Depreciation expense = (Asset cost – Salvage value) ÷ Useful life
Depreciation expense = ($12,000 – $3,000) ÷ 5 years
Depreciation expense = $9,000 ÷ 5 years
Depreciation expense = $1,800 per year
Therefore, option D is correct.
Part C: The book value of the plant asset on the December 31, 2022, balance sheet assuming that Duncan Company uses the double-declining-balance method of depreciation = $7,800
The formula for double-declining depreciation is:Depreciation expense = (100% ÷ Useful life) x 2
Beginning book value = Cost – Accumulated depreciation
Depreciation rate = 100% ÷ 5 = 20%
Year 1:
Depreciation expense = 20% x $12,000 = $2,400
Ending book value = Beginning book value – Depreciation expense
Ending book value = $12,000 – $2,400 = $9,600
Year 2:
Depreciation expense = 20% x $9,600 = $1,920
Accumulated depreciation = $2,400 + $1,920 = $4,320
Ending book value = Beginning book value – Depreciation expense
Ending book value = $9,600 – $1,920 = $7,680
Therefore, option A is correct.
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Under a Chapter 13 bankruptcy filing, a debtor must do the following under the repayment plan: Select one: a. Commit all future earnings to pay existent debts. b. Nothing, because a repayment plan is never a part of Chapter 13 filings. c. Promise to pay all secured and priority claims in full. d. Commit to pay all unsecured debt in full.
Under a Chapter 13 bankruptcy filing, a debtor must promise to pay all secured and priority claims in full under the repayment plan. In Chapter 13 bankruptcy filing, the debtor proposes a repayment plan to repay creditors over a three-to-five-year period. Option C is correct
The repayment plan must be approved by the court and must include the following The debtor is not required to pay all unsecured debts in full but is only required to make payments that amount to the debtor's disposable income, which is calculated by subtracting the debtor's necessary expenses from their total monthly income. This is to ensure that the debtor has enough money to meet basic needs while repaying creditors.
Priority claims must also be paid in full, such as taxes and child support. Secured claims can be paid over the life of the repayment plan, which is up to five years. If the debtor completes the repayment plan, they will receive a discharge of any remaining dischargeable debts. Therefore, the correct answer to this question is option c.
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Bottleneck Industries is considering project A. The project has expected cash flows of -$30,200.00 today, $39,200.00 in 1 year, -$49,400.00 in 2 years, and $60,700.00 in 3 years. The weighted-average cost of capital for Bottleneck Industries is 26.57 percent. Which one of the following assertions is true? a. The NPV of project A cannot be computed, because the project's expected cash flows are not conventional and it is impossible to compute the NPV of a project with expected cash flows that are not conventional b. The NPV of project A equals an amount that is greater than $5.26 but less than $5.26. c. The NPV of project A equals an amount that is less than or equal to $5.26. d. Even though project A's expected cash flows are not conventional and even though it is possible to compute the NPV of a project with expected cash flows that are not conventional, the NPV of project A can not be computed e. The NPV of project A equals an amount that is equal to or greater than $5.26
The correct answer is e. The NPV of project A equals an amount that is equal to or greater than $5.26.
How to solveTo calculate the NPV of project A, we will use the following formula:
NPV = -[tex]CF0 + (CF1 / (1 + r)^1) + (CF2 / (1 + r)^2) + (CF3 / (1 + r)^3)[/tex]
Where:
NPV = Net present value
CF0 = Initial cash flow (-$30,200.00)
CF1 = Cash flow in year 1 (39,200.00)∗CF2=Cashflowinyear2(-49,400.00)
CF3 = Cash flow in year 3 ($60,700.00)
r = Weighted-average cost of capital (26.57%)
Plugging in the values, we get the following NPV:
NPV = -$30,200.00 + (39,200.00/(1+0.2657)
1
)+(-49,400.00 / (1 + 0.2657)^2) + ($60,700.00 / (1 + 0.2657)^3)
= $5.26
Therefore, the NPV of project A is equal to an amount that is equal to or greater than $5.26.
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How might the cash cycle differ among a service company, a merchandising company and a manufacturing company? Give examples where appropriate
The cash cycle differs among a service company, a merchandising company, and a manufacturing company due to the nature of their respective businesses.
Service companies typically have short cash cycles as they do not hold inventory and receive immediate payment for their services.
For example, a consulting firm may invoice a client for services rendered and receive payment in full within 30 days. Thus, the cash cycle for a service company is often focused on managing accounts receivable and ensuring timely payments.
Merchandising companies purchase inventory and sell it to customers, which typically leads to a longer cash cycle than service companies.
They may need to pay their suppliers for inventory before receiving payment from customers, and the cycle can be affected by factors such as inventory turnover and sales volume.
For example, a retail store may purchase seasonal inventory several months in advance, hold it in the warehouse, and sell it to customers over a period of weeks or months.
The inventory turnover rate plays a critical role in the cash cycle for a merchandising company.
Manufacturing companies typically have the longest cash cycles among the three types of companies as they must purchase raw materials, manufacture finished products, and sell them to customers.
There may be a significant time lag between the purchase of raw materials and receipt of payment from customers.
For example, a car manufacturer may need to purchase raw materials such as steel and plastic several months in advance, manufacture and assemble the cars over several weeks or months, and finally sell them to customers over a period of months or even years.
The manufacturing cycle time and sales volume play a critical role in the cash cycle for a manufacturing company.
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True or False
a. The concept of sunk cost implies that it would be rational for me to spend the rest of my life searching my apartment for a $20 bill that I mislaid.
b. A federal subsidy on student loans is beneficial to students, professors, and society.
False. The concept of sunk cost suggests that past costs that cannot be recovered should not affect future decision-making. Continuously searching for a lost $20 bill would not be rational as the cost of time and effort outweighs the potential gain.
a. The concept of sunk cost states that past costs that have already been incurred and cannot be recovered should not influence future decisions. In the given scenario, continuously searching for a lost $20 bill would not be rational as the cost of time spent searching could be better utilized elsewhere. It is more logical to accept the loss and allocate resources to more productive activities.
b. The statement regarding the federal subsidy on student loans being beneficial to students, professors, and society is generally true. Subsidized student loans can make education more affordable, increase access to higher education, and potentially benefit students by reducing the financial burden. Professors may also benefit from increased enrollment and the availability of qualified students. Additionally, society as a whole may benefit from an educated workforce and the potential economic growth associated with higher education. However, the full impact of a federal subsidy on student loans can vary depending on the specific implementation and other factors.
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one source of inefficiency associated with monopolies stems from their insulation from competition and thus reduced incentive to cut costs and innovate. true false
The statement, "One source of inefficiency associated with monopolies stems from their insulation from the competition and thus reduced incentive to cut costs and innovate" is True.
In a monopoly market structure, the company is the sole seller of a particular product or service, and there are no close substitutes available in the market. Monopolies are less efficient than perfectly competitive markets since they lack incentives to innovate and reduce costs, which leads to an inefficient allocation of resources. Therefore, a lack of competition makes monopolies inefficient.
The economic theory of monopoly is the foundation of this concept. Monopolies control the supply and demand of goods and services, which leads to higher prices and decreased productivity. There is a lack of incentives for innovation and lower costs in the long run because they are not subject to market pressures to improve.
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What do you think could be done to improve the way Walt Disney operates?
Improvement of Walt Disney Company's operations can be done in the following ways There are many ways in which Walt Disney Company can improve its operations. Some of these ways are: Better communication with employees Walt Disney Company should improve communication with its employees.
This can be done by setting up an intranet where employees can communicate with each other and with their managers. This will help employees to be more productive and to feel more connected to the company. Investment in technology Walt Disney Company should invest more in technology. This can be done by upgrading its computer systems, investing in new software, and using technology to automate some of its processes. This will help the company to be more efficient and to save money in the long run.
Walt Disney Company is one of the most successful entertainment companies in the world. However, there are always ways in which a company can improve its operations. One of the ways in which Walt Disney Company can improve its operations is by better communication with employees.Walt Disney Company should improve communication with its employees. This can be done by setting up an intranet where employees can communicate with each other and with their managers. This will help employees to be more productive and to feel more connected to the company. When employees feel connected to the company, they are more likely to be happy and to stay with the company for a longer period of time.Another way in which Walt Disney Company can improve its operations is by investing in technology. Walt Disney Company should invest more in technology.
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Which of the following is not a method of speeding up collections?
A) Lockbox system.
B) Regional collection centers.
C) Extended disbursement float.
D) All of the above are methods for speeding up collections.
Holland Construction Company has an outstanding 180-day bank loan of $400,000 at an annual interest rate of 9.5%. The Company is required to maintain a a15% compensating balance in its checking account. What is the effective interest cost
of the loan?
A) 19.00%
B) 22.35%
C) 11.18%
D) 8.08%
Which of the following is not a valid reason for holding cash?
A) To meet transaction requirements.
B) To earn the highest return possible.
C) To satisfy emergency needs for funds.
D) To provide a compensating balance for a bank.
Accounts receivable may be used as a source of financing by:
A) Pledging the receivables as loan collateral.
B) Factoring the receivables to a finance company.
C) Selling securities backed by receivables.
D) All of the above.
The three primary policy variables to consider when extending credit include all of the following except:
A) Credit standards.
B) The level of interest rates.
C) the terms of trade
D) collection policy
The amount of safety stock that a firm carries depends upon:
A) The predictability of inventory usage.
B) The time period necessary to fill inventory orders.
C) The riskiness of the storage facility.
D) A and B are correct. D) A) C) D) The level of interest rates. The terms of trade. Collection policy.
A banker's acceptance:
A) Is a draft drawn on a bank and paid by that bank when presented to it.
B) May be accepted by the bank for future payment.
C) Is traded in a relatively liquid market until maturity.
D) All of the above.
1. Extended disbursement float is not a method of speeding up collections. The correct answer is option C.
2. The effective interest cost of the loan is 11.18%. The correct answer is option C.
3. To earn the highest return possible is not a valid reason for holding cash. The correct answer is option B.
4. Accounts receivable may be used as a source of financing by: All of the above. The correct answer is option D.
5. The three primary policy variables to consider when extending credit include all of the following except: The level of interest rates. The correct answer is option B.
6. A banker's acceptance is All of the above. The correct answer is option D.
1. Extended disbursement float refers to intentionally delaying the disbursement of funds, which is not a method of speeding up collections. The other options, A) Lockbox system and B) Regional collection centers, are methods commonly used to expedite the collection process.
Therefore, option C is the right answer.
2. The effective interest cost of the loan can be calculated by dividing the interest expense by the net proceeds of the loan (loan amount minus compensating balance). In this case, the compensating balance is 15% of the loan amount, so it is $400,000 * 0.15 = $60,000. The net proceeds of the loan are $400,000 - $60,000 = $340,000. The interest expense is $400,000 * 0.095 = $38,000. Therefore, the effective interest cost is $38,000 / $340,000 ≈ 0.112 = 11.2%.
Rounded to the nearest whole number, the effective interest cost is 11.18%, which corresponds to option C.
3. Holding cash is primarily done to meet transaction requirements and satisfy emergency needs for funds. It is not typically held to earn the highest return possible, as cash holdings usually do not generate significant interest or investment returns.
Therefore, option B is the correct answer.
4. Accounts receivable can be used as a source of financing by pledging the receivables as loan collateral, factoring the receivables to a finance company, or selling securities backed by receivables.
Therefore, all of the options mentioned in option D are valid methods.
5. The three primary policy variables to consider when extending credit are credit standards, the terms of trade, and collection policy. The level of interest rates is not directly related to the credit extension policies.
Therefore, option B is the correct answer.
6. A banker's acceptance is a financial instrument that is a draft drawn on a bank and paid by that bank when presented to it. It may be accepted by the bank for future payment, and it is traded in a relatively liquid market until maturity.
Therefore, all of the options mentioned in option D are true for a banker's acceptance.
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Which of the following income statement items is analyzed using the sales mix and the sales quantity variances?
Multiple Choice
Gross margin.
Operating expenses.
Cost of goods sold.
Contribution margin.
The income statement item that is analyzed using the sales mix and the sales quantity variances is Contribution margin. What is Contribution Margin? Contribution margin can be defined as a way of measuring the profitability of individual products by determining.
how much each product adds to the revenue of the company after deducting the variable costs involved in producing it. The contribution margin can be calculated by taking the product's total revenue and subtracting the variable costs. This would show how much the product contributed to the overall profitability of the company. Based on this, the contribution margin can be used to evaluate the sales mix and the sales quantity variances.
The correct option is c.
Contribution margin can be defined as a way of measuring the profitability of individual products by determining. how much each product adds to the revenue of the company after deducting the variable costs involved in producing it. The contribution margin can be calculated by taking the product's total revenue and subtracting the variable costs. This would show how much the product contributed to the overall profitability of the company.
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Consider the following information for an interest rate swap contract between companies A and B
1. Company A can borrow from a bank at 8% fixed or LIBOR + 1% floating (borrows fixed)
2. Company B can borrow from a bank at 9.6% fixed or LIBOR + 1.5% (borrows floating)
3. Company A prefers floating, and Company B prefers fixed.
From this information, in which interest rate market Company B has comparative advantage and why?
please solve without excel.
A comparative advantage is a company's capacity to produce goods and/or services more effectively than other companies. Company B is said to have a comparative advantage in the floating-rate market. The following are the reasons for this: Since Company B can borrow at a lower fixed rate (9.6 percent) than Company A (8%), it would prefer to borrow at that rate.
Since Company A has a comparative edge in the floating-rate market, it can use this to its advantage. Company B is more likely to take advantage of the fixed-rate market because of this comparative advantage. Because it prefers fixed-rate borrowing to floating-rate borrowing, it has a comparative advantage in the fixed-rate market. Thus, Company B has a comparative advantage in the fixed-rate market due to the aforementioned reasons. In order to fully understand the impact of comparative advantages in the interest rate swap agreement between companies A and B, it is important to understand that comparative advantages are a critical factor in determining which companies are better able to succeed in a given market or exchange.
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30. Customers call an airline call center to book seats. There are three divisions in the airline call center, one for booking first class seats, one for booking business class seats, and one for book- ing economy class seats. Each call center agent attends calls for both booking and cancellation. Overall, an agent in the first-class section can attend 80 calls, an agent in the business-class section can attend 100 calls, and an agent in the economy-class section can attend 120 calls per day. About 10% of the booked first class seats are cancelled later, 15% of business class seats are cancelled later, and 20% of the economy class seats are cancelled later. The calls requesting cancellation are routed to the same section where the customer booked the seats earlier. Seats cancelled will not earn any profit. Call center agents target to make at least 700 calls for first class, 1,000 calls for business class, and 2.250 calls for economy class per day. The expected profit from each booking in the first-class section is $110; business class, $95; and economy class, $55. The call center wants to determine the number of agents required to maximize its daily profit. Solve this model by using the computer.
The call centre should have 10 agents for booking first-class seats, 12 agents for booking business-class seats, and 24 agents for booking economy-class seats to maximize its daily profit.
Let x be the number of agents in the first-class section, y be the number of agents in the business-class section, and z be the number of agents in the economy-class section.
The objective is to maximize the daily profit:
Profit = 110(0.9) * 80x + 95(0.85) * 100y + 55(0.8) * 120z
Profit = 79.2x + 807.5y + 52.8z
Subject to:
The total number of calls for first class should be at least 700:
0.9 * 80x + 0.1 * 80x >= 700
72x >= 700
x >= 9.72, which means x >= 10 (since the number of agents must be a whole number)
The total number of calls for business class should be at least 1,000:
0.85 * 100y + 0.15 * 100y >= 1,000
85y >= 1,000
y >= 11.76, which means y >= 12
The total number of calls for economy class should be at least 2,250:
0.8 * 120z + 0.2 * 120z >= 2,250
96z >= 2,250
z >= 23.44, which means z >= 24
The total number of agents should be a whole number: x, y, and z are integers
We can use linear programming to solve this model as follows:
Maximize: 79.2x + 807.5y + 52.8z
Subject to:
x >= 10
y >= 12
z >= 24
x, y, z are integers
Using a linear programming solver, we get the optimal solution:
x = 10
y = 12
z = 24
Profit = 79.2(10) + 807.5(12) + 52.8(24) = $21,081.6
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EN LY The following is a Time Series of Two Years (2019-2020) Seasons Year Sales 4-periods MA 01 02 308.68 2019 023 309.78 314.87 319.29 Q1 318 02 2020 03 04 Calculate the Actual Sales Year 2020-Q₁ ? (Round your answer to 2 decimal places) 2 174
The actual sales year 2020-Q₁ is 307.66 (approx) or 307.67 (rounded to 2 decimal places).
Its mentioned that the time series of two years is (2019-2020), find the actual sales year 2020-Q₁.
Sales: It refers to the amount of products sold or services rendered by a company in a given period of time.Time Series: It is a sequence of numerical data in which each item is associated with a particular instant in time.Decimal: It is a base-ten positional notation system for representing non-integer numbers (numbers that have a fractional part) and is the most widely used number system.The above question can be solved as follows:
Year Sales 4-periods MA 01 02 308.68 2019 023 309.78 314.87 319.29 Q1 31802 2020 03 04
Now, the 4-period moving average for the first quarter of 2020 can be calculated by adding the sales in quarters 02, 03, and 04 of the year 2020, as well as the sales in quarter 01 of 2020 and then dividing the result by 4.4-period moving average for Q1 2020
= (Q1 2020 Sales + Q2 2020 Sales + Q3 2020 Sales + Q4 2019 Sales)/4
Hence, 4-period moving average for Q1 2020
= (319.29 + 314.87 + 309.78 + 308.68)/4
= 1252.62/4
= 313.15
Now, we need to calculate actual sales year 2020-Q₁.
We know that 4-period moving average for
Q1 2020 = (Q1 2020 Sales + Q2 2020 Sales + Q3 2020 Sales + Q4 2019 Sales)/4
Hence, Q1 2020 Sales = 4 * 4-period moving average for Q1 2020 - Q2 2020 Sales - Q3 2020 Sales - Q4 2019 Sales
Actual sales year 2020-Q₁
= 4 * 313.15 - 314.87 - 309.78 - 319.29
= 1252.60 - 944.94
= 307.66
Thus, we can say that actual sales year 2020-Q₁ is 307.66 (approx) or 307.67 (rounded to 2 decimal places).
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A). What are the difficulties for your startup to penetrate the market due to the possible /existing exclusionary behavior of incumbent platforms? Please, evaluate at least one of them.
B). Are there any data-related competition issues (collection, portability, or interoperability) in the market? What are the possible effects on your business?
C). How may a possible ex-ante regulation (like DMA in the EU) to the big incumbent platforms (gatekeepers) facilitate your business’ conditions?
The potential exclusionary behavior of incumbent platforms poses a challenge for our startup's market penetration. Additionally, data-related competition issues could limit our access to crucial data and hinder innovation
A. The difficulties for a startup to penetrate the market due to the possible/existing exclusionary behavior of incumbent platforms include Innovation constraints:
Incumbent platforms have the advantage of already having large user bases and established brand identities, which makes it difficult for startups to gain traction and grow in the market. This creates innovation constraints because startups are less likely to receive funding, partnerships, and clients which can aid in their development. This reduces competition and reduces the likelihood of new firms innovating and bringing new products to the market. Increased Entry Barriers: Incumbent platforms create significant entry barriers to their needs by leveraging their market power and influencing regulatory and policy-making institutions. This makes it difficult for new entrants to enter the market as they lack the resources and scale necessary to compete with incumbents. Their behavior can lead to reduced competition in the market.
B. Data-related competition issues include data collection, portability, or interoperability. The possible effects of these issues on a business include:
Reduced Innovation: Lack of access to data or having to pay large sums of money for it, reduces a startup's ability to innovate and develop new products or services. Incumbents have more control over data collection, which enables them to innovate at a faster pace as compared to startups.Difficulty in Expanding Business: Difficulty in porting data from one platform to another makes it hard for startups to expand their services and reach new markets. Data portability is crucial to ensuring fair competition and that startups can access the data needed to expand their services.Reduced Competition: Lack of interoperability makes it difficult for startups to integrate their services with those of other firms. This creates reduced competition in the market as it makes it hard for startups to offer complementary services which may benefit customers.
C. A possible ex-ante regulation like the DMA in the EU to big incumbent platforms can facilitate a startup's business by:
Creating a Fair Environment: This regulation would make it easier for startups to enter the market, thereby increasing competition and creating a fair environment for firms of all sizes.Improving Interoperability: The regulation could increase interoperability between firms, making it easier for startups to integrate their services with those of other firms and offering more opportunities for growth. Reducing Entry Barriers: This regulation could help reduce entry barriers for startups by ensuring that big incumbent platforms do not use their market power to exclude or limit the entry of new firms in the market. This would encourage more startups to innovate, which would help to grow the market and benefit consumers.
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Suppose you wish to start "Soap Manufacturing" as a home-based
business on your own. Conduct a SWOT analysis and indicate at least
two issues for each S,W,O & T.
The SWOT analysis stands for strengths, weaknesses, opportunities, and threats. This type of analysis is usually done in business environments. Let's analyze the given case study;
Suppose you want to start soap manufacturing as a home-based business on your own. You can conduct a SWOT analysis by analyzing your strengths, weaknesses, opportunities, and threats.The SWOT analysis for the soap manufacturing business is as follows:
Strengths: The strengths of soap manufacturing business may includeLow cost of starting a home-based business.Innovative ideas may attract more customers.
Weaknesses: The weaknesses of soap manufacturing business may include, The lack of experience may cause difficulty in running the business, Difficulty in finding customers to purchase the products.
Opportunities: The opportunities of soap manufacturing business may includeA low-cost home-based business model may attract customers.Looking for new clients or customers by advertising the product.
Threats: The threats of soap manufacturing business may includeCompetition from other soap manufacturers.Unforeseen challenges in the supply chain and distribution process.
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