The reason why Illinois is no longer the largest producer of pears in the US is due to a major disease problem called fire blight being introduced to Illinois from the east coast and labor costs becoming excessive.
Illinois residents stopped eating pears and Illinois lost its federal license to produce pears. These are the reasons why Illinois is no longer the largest producer of pears in the US.The first reason for this is that a major disease problem called fire blight was introduced to Illinois from the east coast. Fire blight is a disease that affects fruit trees, including pear trees. The disease causes the tree to develop blackened, withered leaves and branches, and can eventually kill the tree. Fire blight is difficult to control, and once it has infected a tree, it can quickly spread to other trees in the orchard.The second reason is that labor costs became excessive. As labor costs increased, it became more expensive to grow and harvest pears in Illinois. This made it difficult for Illinois growers to compete with other states that had lower labor costs. As a result, many growers in Illinois stopped growing pears, which led to a decline in production.
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Illinois is no longer the largest producer of pears in the United States due to a major disease problem called fire blight, which was introduced to Illinois from the east coast.
The disease, which infects and destroys pear trees, caused a significant reduction in pear production in the state, leading to a decline in the industry and a shift in production to other regions with more favorable growing conditions and disease resistance. Therefore, labor costs, Illinois residents, and federal licenses are not the reasons why Illinois is no longer the largest producer of pears in the US. Due to a serious health issue called fire blight, which was brought to Illinois from the east coast, Illinois is no longer the top producer of pears in the United States.
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Assume TC = 392 + 35Q+2Q². At what Q is average total cost (ATC) at its minimum?
To find the quantity (Q) at which the average total cost (ATC) is at its minimum, we need to differentiate the total cost equation (TC) with respect to Q and set it equal to zero. The average total cost (ATC) is given by the formula ATC = TC/Q.
Differentiating the total cost equation TC = 392 + 35Q + 2Q² with respect to Q, we get dTC/dQ = 35 + 4Q.
Setting dTC/dQ equal to zero, we have 35 + 4Q = 0.
Solving for Q, we find Q = -35/4.
However, since Q represents quantity, it cannot be negative. Therefore, the value of Q at which ATC is at its minimum is 0.
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nstructions: For question 1 parts A, B, C and D you need to draw a supply and demand graph to illustrate what is happening in the market. Make sure to clearly show any changes in equilibrium. Use the powerpoint presentation Demand and Supply Shifts in Module 4: Supply and Demand (chapter 3) as a guide to illustrate changes in equilibrium points. 1. A few years ago in Northern California wildfires destroyed many vineyards. The market for wine was affected not only at the wholesale level but also at the retail level. Wine drinkers had to adjust their drinking habits. The state of Washington is also another major producer of wine. For each of the following questions use supply and demand analysis Use a graph to illustrate each answer. A) How did the wild fires affect price and quantity in the market for wine at the wholesale level? B) How did the wild fires affect price and quantity in the market for wine at the retail level? C) Given your answer to part B), what do you think would happen to price and quantity in the market for cheese (assume wine and cheese are complimentary goods)? D) How did the wild fires affect price and quantity in the market for wine originating in the state of Washington ?
The drop in supply resulted in increased costs and a reduction in the amount of wine available to consumers, the wildfires had an indirect impact on the cheese industry.
With a decrease in wine availability, the demand for cheese may decrease, leading to a potential decrease in price and quantity in the cheese market. The impact on the market for wine originating in Washington would depend on the level of substitutability between California and Washington wines. The wildfires in Northern California had significant impacts on the wine market, both at the wholesale and retail levels. At the wholesale level, the fires reduced the supply of wine, leading to an increase in price and a decrease in quantity.
A) The wildfires in Northern California reduced the supply of wine at the wholesale level. This decrease in supply shifted the supply curve to the left. As a result, the equilibrium price increased, and the equilibrium quantity decreased. The higher price reflected the scarcity of wine due to the destruction of vineyards, and the lower quantity represented the reduced availability.
B) At the retail level, the decrease in the supply of wine caused by the wildfires also led to an increase in price and a decrease in quantity. The decrease in supply shifted the supply curve to the left, causing the equilibrium price to rise and the equilibrium quantity to decrease. Consumers had to adjust to higher prices and a limited selection of wine.
C) Given the impact of the wildfires on the market for wine at the retail level, it is likely that the demand for cheese, a complementary good, would also be affected. With higher wine prices and a decrease in wine quantity, consumers may adjust their consumption habits and reduce the demand for cheese. This could lead to a decrease in price and quantity in the market for cheese.
D) The effect of the wildfires on the market for wine originating in Washington would depend on the level of substitutability between California and Washington wines. If Washington wines can serve as substitutes for California wines, the decrease in supply from California could result in an increase in demand for Washington wines. This would lead to an increase in price and potentially an increase in quantity for Washington wines. However, if the wines are not close substitutes, the impact may be limited, and the market for Washington wine could be relatively unaffected.
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In developing a project plan to handle the important maintenance needs at a facility, managers may employ the services of ____________________.
a) In-house maintenance personnel to develop a property condition survey (PCS) report.
b) Engineers trained in property condition survey (PCS) report generation.
c) The US EPA through the utilization of software designed to define maintenance requirements at any type of facility
d) Real estate brokers
In developing a project plan to handle the important maintenance needs at a facility, managers may employ the services of **in-house maintenance personnel** to develop a property condition survey (PCS) report.
Property condition surveys (PCS) assess the physical condition of a facility, identifying maintenance needs and potential issues. In-house maintenance personnel, who are familiar with the facility and its operations, can play a crucial role in conducting these surveys. They have firsthand knowledge of the facility's maintenance history, equipment, and systems, enabling them to effectively evaluate the current condition and identify areas that require attention. By leveraging the expertise of in-house maintenance personnel, managers can obtain accurate and detailed information to guide the development of a comprehensive project plan that addresses the facility's maintenance needs efficiently.
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The trust deed of bond indenture contains the features of the conditional agreement between the ling firm and the bond investors. Which of the following must be contained in the bond indenture of agreement? I. coupon interest rate 11 coupon interest payment date II. convertible feature with a conversion ratio IV. voting rights of the bontholder O, and only O and only O and IV only O, and only
The coupon interest rate and coupon interest payment date must be contained in the bond indenture of agreement. Therefore, the answer is: O, and only O.
A bond indenture is a written agreement between the issuer and the bondholders that defines the specifics of the bond offering, such as coupon interest rate, maturity date, conversion features, and whether the bonds are secured or unsecured.
A coupon interest rate is the percentage of the bond's par value that the issuer pays the bondholder each year in interest. The coupon interest rate is set at the time of the bond issue and does not change throughout the life of the bond. Coupon interest payments are usually paid semi-annually.
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The different methods of segmenting a market include targeting, positioning, psychographic, and behavioral. Group of answer choices
True
False
This statement "The different methods of segmenting a market include targeting, positioning, psychographic, and behavioral" is True
Market segmentation refers to dividing a larger market into smaller segments based on certain characteristics or criteria. The methods of segmenting a market include targeting, positioning, psychographic, and behavioral. These methods help companies identify specific groups of customers with similar needs, preferences, or behaviors, allowing them to tailor their marketing strategies and offerings accordingly. Therefore, the statement that the different methods of segmenting a market include targeting, positioning, psychographic, and behavioral is true.
Market segmentation is an essential practice in marketing, and it involves utilizing various methods to identify and understand distinct customer segments. The methods mentioned, including targeting, positioning, psychographic, and behavioral, are commonly used in market segmentation to effectively reach and serve specific customer groups.
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1. ROLE PLAY 4- You are an E- marketer , you are promoting online for your product , choose the product , then write your plan for the following in the regarding A. Your marketing strategy B. Points you will focus C. Your ABOUT US part(tech no marketing)
2. how the values attributed to money can limit or enhance the enjoyment of your life? give examples
1. ROLE PLAY 4- You are an E- marketer , you are promoting online for your product , choose the product , then write your plan for the following in the regarding A. Your marketing strategy B. Points you will focus C. Your ABOUT US part (tech no marketing).
A. Marketing Strategy: Marketing strategy is the approach used by a company to communicate its brand, products, and services to its target audience. For our online product, the marketing strategy will be based on the following principles:Know your target audience.Set realistic goals.Keep your brand consistent.Communicate your USP in a clear and concise manner.Engage with your audience.B. Points you will focus: While promoting the product online, we will be focusing on the following points:Target audience (age group, demographics, interests, etc.)The benefits of the productProduct features and specificationsThe availability of the product (i.e., delivery time, shipping charges, etc.)C. ABOUT US part (tech no marketing): The ABOUT US page is one of the most important pages on a website. It helps customers get to know the company, its mission, and its values. For our ABOUT US page, we will focus on the following:Our company's historyOur mission statementOur core valuesOur team of expertsOur commitment to quality2. How the values attributed to money can limit or enhance the enjoyment of your life? give examples: The values attributed to money can limit or enhance the enjoyment of your life in the following ways:Limitations of values attributed to money:Greed and obsession with money can cause a person to become selfish, and they may begin to focus solely on money rather than their happiness. This can lead to depression, loneliness, and other psychological problems. For example, a businessman who spends most of his time working may miss out on important moments with his family and loved ones.Enhancements of values attributed to money:Having money can enhance your enjoyment of life by providing you with the financial freedom to do the things you love. For example, if you have the money, you can travel to exotic locations, eat at fancy restaurants, and buy the latest gadgets. In addition, money can provide you with a sense of security and stability, which can lead to a happier life. For example, having enough money in savings can give you peace of mind during tough times.
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aces Bond Issue B (A) Cash (B) Period Interest Expense Interest Paid $590,000.0x (E) x 12.0% x 11.0% x 3/12 3/12 $ 16,225 $ 16,677 16,225 17,356 16,225 17,389 16,225 17,424 16,225 17,460 16,225 17,497 16,225 17,536 16,225 17,575 16,225 17,615 16,225 17,655* $ 649,000 Period Ending Apr. 1/18 Jul. 1/18 Apr. 1/26 Jul. 1/26 Oct. 1/26 Jan. 1/27 Apr. 1/27 Jul. 1/27 Oct. 1/27 Jan. 1/28 Apr. 1/28 Totals "Adjusted for rounding $ 683,094 (C) Amort. (A) (B) $ 452 14 1,164. 1,199 1,235 1,272 1,311 1,350 1,390 1,430 $34,094 (D) Unamortized Balance $34,094 33,642 10,351 9,187 7,988 6,753 5,481 4,170 2,820 1,430 0 (E) Carrying Value $590,000 - (D) $ 555,906 556,358 579,649 580,813 582,012 583,247 584,519 585,830 587,180 588,570 590,000
The cash amount remains constant, while the interest expense and interest paid fluctuate. The amortization increases gradually, resulting in a decreasing unamortized balance and an ultimately consistent carrying value equal to the initial cash amount.
The cash amount for Bond Issue B is $590,000, and the interest expense is calculated at a rate of 12% for the first three months and 11% for the remaining nine months. The interest paid is calculated as 3/12 of the interest expense, resulting in $16,225 for the first three months and $16,677 for the remaining nine months.
The amortization for Bond Issue B starts with $452 and increases gradually over time. The unamortized balance decreases with each period, and the carrying value is calculated by subtracting the unamortized balance from the cash amount.
The carrying value fluctuates over the periods but ultimately reaches $590,000, which is the same as the initial cash amount.
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Icemoon Incorporation has bonds with 12 years to maturity, a par value of $1.000, a YTM of 8 percent, and a current price of 847.53. The bonds make semiannual payments. What must be the coupon rate be on these bonds?
a. 5.73 percent b. 4 percent c. 6 percent d. 7.52 percent e. 8.73 percent
The coupon rate on the bonds must be 8.73 percent. The coupon rate represents the annual interest payment as a percentage of the bond's par value.
To find the coupon rate, we need to calculate the annual coupon payment that would result in a present value equal to the current price of the bond.
Given:
Maturity of the bond (years): 12
Par value: $1,000
Yield to maturity (YTM): 8%
Current price: $847.53
Semiannual coupon payments
We can break down the calculation into the following steps:
Determine the number of periods: Since the bond makes semiannual payments and has a maturity of 12 years, there will be 24 periods (12 years * 2 periods per year).
Calculate the periodic interest rate: The yield to maturity (YTM) is given as an annual rate. Since the bond makes semiannual payments, we need to divide the YTM by 2 to get the periodic interest rate. In this case, the periodic interest rate is 8% / 2 = 4%.
Calculate the present value of the bond's cash flows: We need to calculate the present value of the bond's future cash flows (coupon payments and the final principal repayment). Using the given YTM of 8%, we can discount the cash flows and sum them up to get the present value. The current price of $847.53 represents this present value.
Calculate the annual coupon payment: We can subtract the present value of the final principal repayment from the total present value to obtain the present value of the coupon payments. Divide this present value by the number of periods to get the annual coupon payment.
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Mohammed has been working at Bahrain International Airport on shifts since 2019, and joined the University of Applied Sciences a year ago to study bachelor's degree - a business administration major.
He began to face many challenges in order to complete his studies successfully.
Most of the materials arebased on applied research, which the student must work on within a team, and therefore Mohammed found it difficult to choose a team that is cooperative and able to complete the task properly, despite knowing the availability of a library containing various electronic sources that Mohammed does not have enough time to explore, which is also a result of the use of the purchase of research from commercial offices, and other times he resorted to contacting students who had already passed similar materials in order to obtain On previous research and duties, not to take advantage of the materials and apply them in his work and raise his level of educational attainment as he had hoped;
Mohammed, on the other hand, believes that most lectures are boring in nature, and do not tend to renew and innovate, and the size of the use of lecture time ( 90 minutes) is not enough, because the lecturer has to take part of the time to register attendance and absence, prepare for the lecture by running the presentation segments, and follow up the records for students in order to hand over duties and research within the specified time.
On the other hand, the University of Applied Sciences organizes many activities and programs that student Mohammed is unable to attend despite its importance in developing the behavior and thinking of students and upgrading them intellectually and culturally.
Mohammed sees university mobility during peak times a little slow, because it depends on electric elevators, so Mohammed needs some time to move from one lecture to another, especially when his lecture schedule is consecutive.
Muhammad is shy and speechless, so you always find him a little involved in the classroom and research presentations have not affected the development of his skill in theunder-speech and throwing much.
Student Mohammed still faces difficulties studying and being able to take advantage of the time limit to effectively finish answering questions in exam rooms despite passing the first year successfully.
The obsession with graduation continues to haunt Mohammed because of the difficulties and challengeshe faces as a student and employee.
After reading the previous case study, answer the following questions:
1. Extract 3 challenges that you would like to improve after reading the case study? Then use the Scamper method
SCAMPER is developing solutions to these challenges?
After analyzing the case study, three challenges that Mohammed faces can be identified:
1. Challenge 1: Difficulty in finding a cooperative and competent team for applied research tasks.
- SCAMPER Solutions:
- Substitute: Explore alternative methods of forming teams, such as assigning teammates or utilizing online collaboration platforms.
- Combine: Form cross-functional teams consisting of students from different majors to bring diverse perspectives.
- Adapt: Provide training and guidance to teams on effective teamwork, communication, and task completion.
- Modify: Implement a peer-review system to ensure accountability and quality in team projects.
- Put to another use: Utilize the university's mentorship programs to pair experienced students with newcomers.
- Eliminate: Discourage the purchase of research from commercial offices by emphasizing the importance of independent work and originality.
- Rearrange: Organize team-building activities and workshops to foster cooperation and team dynamics.
2. Challenge 2: Boring lectures and time constraints during class sessions.
- SCAMPER Solutions:
- Substitute: Incorporate interactive teaching methods, such as group discussions, case studies, or guest speakers.
- Combine: Integrate online learning platforms or pre-recorded lectures to free up class time for more engaging activities.
- Adapt: Provide lecture materials and resources in advance to allow students to review and prepare beforehand.
- Modify: Optimize lecture schedules to allocate more time for interactive sessions and reduce administrative tasks.
- Put to another use: Utilize technology for attendance registration, assignment submission, and record-keeping to save time during lectures.
- Eliminate: Streamline administrative processes to minimize time spent on non-academic tasks during class.
- Rearrange: Implement shorter, focused lectures supplemented by practical workshops and hands-on activities.
3. Challenge 3: Limited participation in extracurricular activities and programs.
- SCAMPER Solutions:
- Substitute: Offer virtual alternatives for activities and programs to accommodate students with scheduling constraints.
- Combine: Integrate extracurricular activities into academic coursework to provide opportunities for intellectual and personal development.
- Adapt: Provide flexible scheduling options for extracurricular activities, including evenings and weekends.
- Modify: Communicate the importance and benefits of participating in extracurricular activities to motivate and encourage student involvement.
- Put to another use: Collaborate with local organizations or businesses to provide off-campus opportunities for students' development.
- Eliminate: Assess the relevance and impact of current activities and programs, and replace or eliminate those with limited participation or impact.
- Rearrange: Create a centralized platform or calendar to effectively communicate and promote upcoming activities and programs.
By utilizing the SCAMPER method, these solutions aim to address the challenges faced by Mohammed, enhance his learning experience, and support his successful completion of studies.
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SSL Sports is a manufacturer of sportswear. It produces all of its products in one department. The information for the current month is as follows:
Beginning work in process 22,000 units
Units started 44,000 units
Units completed 55,000 units
Ending work in process 10,000 units
Spoilage 1,000 units
Beginning work-in-process direct materials $15,000 Beginning work-in-process conversion $ 6,000
Direct materials added during month $70,800
Direct manufacturing labor during month $37,400
Beginning work in process was half complete as to conversion. Direct materials are added at the beginning of the process. Factory overhead is applied at a rate equal to 50% of direct manufacturing labor. Ending work in process was 60% complete. All spoilage is normal and is detected at end of the process.
Required:
Prepare a production cost worksheet if spoilage is recognized and the weighted-average method is used.
For SSL Sports using the weighted-average method: 61,000 equivalent units were produced. Direct materials cost $85,998, conversion cost $43,402, and spoilage cost $2,121.30. Total production cost is $131,521.30.
To prepare the production cost worksheet using the weighted-average method, we need to calculate the equivalent units of production and allocate the costs. Here's the breakdown
Calculate the equivalent units of production
Units completed: 55,000 units
Ending work in process (60% complete): 10,000 units × 60% = 6,000 equivalent units
Total equivalent units: 55,000 units + 6,000 units = 61,000 equivalent units
Calculate the cost per equivalent unit:
Direct materials
Total direct materials cost: Beginning work-in-process direct materials + Direct materials added during the month = $15,000 + $70,800 = $85,800
Cost per equivalent unit: $85,800 / 61,000 equivalent units = $1.4098 per equivalent unit
Conversion
Total conversion cost: Beginning work-in-process conversion + Direct manufacturing labor during the month = $6,000 + $37,400 = $43,400
Cost per equivalent unit: $43,400 / 61,000 equivalent units = $0.7115 per equivalent unit
Allocate the costs
Direct materials cost
Units completed: 55,000 units × $1.4098 = $77,539
Ending work in process: 6,000 units × $1.4098 = $8,459
Total direct materials cost: $77,539 + $8,459 = $85,998
Conversion cost
Units completed: 55,000 units × $0.7115 = $39,133
Ending work in process: 6,000 units × $0.7115 = $4,269
Total conversion cost: $39,133 + $4,269 = $43,402
Spoilage cost: 1,000 units × $1.4098 (direct materials) + 1,000 units × $0.7115 (conversion) = $2,121.30
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Which of the following must be included on a website to make a physical store show up in local search results? A. The store's social media addresses B. The store's available products
C. The store's street address D. The store's photograph
The option is C. The store's street address must be included on a website to make a physical store show up in local search results.
The purpose of a local search is to find the location of a company or store that sells specific items or services. In most cases, people are searching for companies that are nearby their locations, meaning that the location of the store is an important factor in these searches. To ensure that physical stores show up in local search results, businesses must ensure that their physical address is available on their website. This information can also be included on directories such as Yelp and Go-ogle My Business, which are popular directories used for local search results. Other details that could also be added are business hours, product information, and contact information. Nonetheless, the physical address is an essential detail for local search results. Thus, the answer is C. The store's street address.
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Batch sizes typically tend to be smaller with assembly lines (line flow processes) than with job shops.
Group of answer choices
True
False
The statement "Batch sizes typically tend to be smaller with assembly lines (line flow processes) than with job shops" is true.
An assembly line is a production process in which interchangeable components are added progressively to a product. The assembly line has a conveyor belt that passes through various workstations. Each workstation, which has a designated role, performs a particular step in the production process.
The production process is done in a sequence, with each step in the process being assigned to a particular workstation. Assembly lines are frequently employed in mass production operations, with each station along the line performing the same job. The benefit of using an assembly line is that it improves production efficiency while decreasing labor costs.
To guarantee that the product is of the highest quality, a high degree of mechanization and automation is used. In assembly lines, the production of items is done in batches, with each batch consisting of items produced in a specific quantity. Batch sizes on assembly lines are frequently smaller than those in job shops.
Because assembly lines require a high degree of automation and standardized production, they cannot manage large batches of items because doing so may result in errors, resulting in a decrease in the overall efficiency of the production process.
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The Bob Cat Excavations Company faces an effective company income tax rate of 30%. The firm is financed with debt, preference capital and ordinary equity, for which the following details are available: Debt: The firm has 4,000 bonds on issue, each with a face value of $1,000 and a maturity date in 10 years' time. The bonds pay interest annually with a coupon rate of 8% per annum, and the current yield to maturity is 9% per annum. Preference Capital: There are 200,000 preference shares on issue that have a $12 per share par value and pay annual preference dividends of 8%. The current preference share price is $10. Ordinary Capital: 500,000 ordinary shares are on issue. The current ordinary share price is $5 per share. Constant ordinary share dividend growth of 4% per annum is expected in the future and the next annual dividend payment due in one year's time is expected to be 40 cents per ordinary share. Given the above information, calculate the current weighted average cost of capital for Bob Cat Excavations. (Round your answer to the nearest 0.01 per cent)
The current weighted average cost of capital (WACC) for Bob Cat Excavations is approximately 6.72%. This represents the average rate of return required by the company's investors, taking into account the different sources of financing and their respective costs.
To calculate the WACC, we need to determine the weights of each financing source and their associated costs. The weights are calculated by dividing the market value of each financing component by the total market value of the firm's capital structure. Then, we multiply each weight by the respective cost of financing and sum them up to get the WACC.The weights are as follows: Debt = 40%, Preference Capital = 20%, Ordinary Equity = 40%.The cost of debt is calculated using the yield to maturity of the bonds, which is 9% per annum. However, since interest payments are tax-deductible, we need to calculate the after-tax cost of debt. Considering the effective tax rate of 30%, the after-tax cost of debt is 6.3%.
The weighted average cost of capital (WACC) is a measure of the average rate of return required by a company's investors. It takes into account the different sources of financing and their respective costs. In this case, Bob Cat Excavations is financed through debt, preference capital, and ordinary equity.To calculate the WACC, we need to determine the weights of each financing source and their associated costs. The weights are determined by dividing the market value of each financing component by the total market value of the firm's capital structure. In this case, the weights are 40% for debt, 20% for preference capital, and 40% for ordinary equity.
The cost of debt is determined by the yield to maturity of the bonds, which is 9% per annum. However, since interest payments are tax-deductible, we need to calculate the after-tax cost of debt. This is done by multiplying the pre-tax cost of debt by one minus the tax rate. In this case, with an effective tax rate of 30%, the after-tax cost of debt is 6.3%.
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How
much more will an investment of $50,000 earning 2% compounded
quarterly be worth after 13 years than after 12 years?
The investment will be worth $6,084 more investment of $50,000 earning 2% compounded quarterly be worth after 13 years than after 12 years.
To determine how much more will an investment of $50,000 earning 2% compounded quarterly be worth after 13 years than after 12 years, we can make use of the compound interest formula which is given as:
A = P(1 + r/n)^(nt)
Where:
P = Principal amount (the initial amount you borrow or deposit)
r = annual rate of interest (as a decimal)
n = number of times the interest is compounded per year
t = number of years the amount is deposited or borrowed
for A = Amount of money accumulated after n years, including interest
In this question,
P = $50,000,
r = 0.02 (since the annual rate is 2%),
n = 4 (since it is compounded quarterly, 4 times a year),
t1 = 12 years (after 12 years) and
t2 = 13 years (after 13 years).
Therefore, the formula becomes:
A1 = $50,000(1 + 0.02/4)^(4 * 12) and
A2 = $50,000(1 + 0.02/4)^(4 * 13)
Simplifying:
A1 = $50,000(1 + 0.005)^48 and
A2 = $50,000(1 + 0.005)^52
Therefore, the difference between the two amounts is:
A2 - A1 = $50,000(1 + 0.005)^52 - $50,000(1 + 0.005)^48= $50,000(1.128)^52 - $50,000(1.128)^48= $50,000(1.74774) - $50,000(1.62605)= $87,387 - $81,303= $6,084
Therefore, the investment will be worth $6,084 more after 13 years than after 12 years.
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Ranga Ramasesh is the operations manager for a firm that is trying to decide which one of four countries it should research for possible outsourcing providers. The first step is to select a country based on cultural risk factors, which are critical to eventual business success with the provider. Ranga has reviewed outsourcing provider directories and found that the four countries in the table that follows have an ample number of providers from which they can choose. To aid in the country selection step, he has enlisted the aid of a cultural expert, John Wang, who has provided ratings of the various criteria in the table. The resulting ratings are on a 1 to 10 scale, where 1 is a low risk and 10 is a high risk. John has also determined six criteria weightings: Trust, with a weight of 0.4; Quality, with 0.2; Religious, with 0.1; Individualism, with 0.1; Time, with 0.1; and Uncertainty, with 0.1. Using the factor-rating method, which country should Ranga select?
Based on the calculated weighted scores, Germany has the highest score of 7, indicating it has the most favorable cultural risk factors among the four countries.
What is the terms about?Using hypothetical scenario: To know the weighted score for each country, one has to multiply each rating by its corresponding weight and sum them up:
India:
Weighted Score = (6 * 0.4) + (7 * 0.2) + (4 * 0.1) + (6 * 0.1) + (3 * 0.1) + (7 * 0.1)
= 2.4 + 1.4 + 0.4 + 0.6 + 0.3 + 0.7
= 5.8
China:
Weighted Score = (5 * 0.4) + (6 * 0.2) + (7 * 0.1) + (4 * 0.1) + (7 * 0.1) + (5 * 0.1)
= 2 + 1.2 + 0.7 + 0.4 + 0.7 + 0.5
= 5.5
Brazil:
Weighted Score = (4 * 0.4) + (5 * 0.2) + (6 * 0.1) + (7 * 0.1) + (6 * 0.1) + (6 * 0.1)
= 1.6 + 1 + 0.6 + 0.7 + 0.6 + 0.6
= 5.1
Germany:
Weighted Score = (8 * 0.4) + (8 * 0.2) + (3 * 0.1) + (8 * 0.1) + (8 * 0.1) + (3 * 0.1)
= 3.2 + 1.6 + 0.3 + 0.8 + 0.8 + 0.3
= 7
So, according to the calculated weighted scores, Germany has the highest score of 7, indicating it has the most favorable cultural risk factors among the four countries.
Therefore, Ranga need to select Germany for further research as a potential outsourcing provider.
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The used ratings.
The ratings provided by the cultural expert, John Wang, are as follows:
Country | Trust | Quality | Religious | Individualism | Time | Uncertainty
India | 6 | 7 | 4 | 6 | 3 | 7
China | 5 | 6 | 7 | 4 | 7 | 5
Brazil | 4 | 5 | 6 | 7 | 6 | 6
Germany | 8 | 8 | 3 | 8 | 8 | 3
1. Conduct some analysis to demonstrate the impact on their budget if Kevin accepts the new job opportunity and explain how it impacts their finances.
To assess the impact of Kevin accepting the new job opportunity on their budget, consider several factors, including changes in income, expenses, and overall financial situation. Here's an analysis to demonstrate the potential impact:
1. Increased Income:
- Calculate Kevin's new salary from the job opportunity and add it to their existing income.
Determine the frequency of payment (monthly, bi-weekly, etc.) to estimate the additional income they will receive each period.
2. Tax Implications:
- Consider the impact of the new job on their tax bracket. A higher income may result in a higher tax rate and increased tax liability.
- Review the applicable tax laws and calculate the approximate tax amount based on the new income level.
3. Adjusted Expenses:
- Evaluate their current budget and identify any expenses that may change due to Kevin's new job.
- Consider factors such as commuting costs, work-related expenses, and potential changes in lifestyle or spending patterns.
4. Debt and Savings:
- Determine if there will be any changes in debt obligations, such as loan repayments, credit card balances, or mortgage payments.
- Assess their savings goals and consider whether they can allocate a portion of the increased income towards retirement savings, emergency fund, or other financial goals.
5. Overall Financial Picture:
- Calculate their new net income by subtracting taxes and adjusted expenses from their total income.
- Compare the new net income to their current net income to assess the percentage increase or decrease.
- Consider the impact on their ability to meet financial obligations, save for the future, and achieve their financial goals.
By conducting this analysis, Kevin and Tyra can gain a clearer understanding of how accepting the new job opportunity will impact their budget. It will help them assess whether the increased income is sufficient to cover their expenses, maintain their desired lifestyle, and make progress towards their financial goals.
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the human resource manager is looking for a replacement for an excellent former employee, so she compares all potential hires to that employee.
The human resource manager is using the excellent former employee as a benchmark to evaluate potential hires.
The human resource manager is engaging in a comparative evaluation method known as benchmarking. By comparing potential hires to the excellent former employee, the manager is using that employee as a benchmark or standard of comparison. This approach allows the manager to assess the qualifications, skills, and characteristics of candidates in relation to the known high-performing employee. Benchmarking helps the manager identify individuals who possess similar or superior qualities to the previous employee, increasing the likelihood of finding a suitable replacement. This method can be effective in identifying candidates who have the potential to excel in the role based on their alignment with the qualities and performance of the benchmark employee.
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Antonio is a retired teacher who lives in San Diego and does some consulting work for extra cash. At a wage of $50 per hour, he is willing to work 10 hours per week. At $65 per hour, he is willing to work 19 hours per week. Using the midpoint method, the elasticity of Antonio's labor supply between the wages of $50 and $65 per hour is approximately ____ which means that Antonio's supply of labor over this wage range is ___
The possible answers to the first blank are .03, .42, 2.38, and 24.17
The possible answers to the second blank are elastic or inelastic
The elasticity of Antonio's labour supply between wages of $50 and $65 per hour is approximately 2.38, indicating that his supply of labour over this wage range is elastic.
The midpoint method is used to calculate the elasticity of labour supply. By taking the average of the initial and final quantities and wages, we can determine the responsiveness of labor supply to changes in wages.
In this case, the initial wage is $50 per hour, and Antonio is willing to work 10 hours per week. The final wage is $65 per hour, and he is willing to work 19 hours per week.
To calculate the percentage change in quantity, we find the difference between the final and initial quantities (19 - 10 = 9) and divide it by the average quantity [(10 + 19) / 2 = 14.5]. The result is a percentage change of 62.07%.
Similarly, we calculate the percentage change in wage by subtracting the initial wage from the final wage ($65 - $50 = $15) and dividing it by the average wage [($50 + $65) / 2 = $57.50]. This gives us a percentage change of 26.09%.
Finally, we divide the percentage change in quantity by the percentage change in wage (62.07% / 26.09% ≈ 2.38). Since the elasticity is greater than 1, Antonio's labour supply is elastic, meaning he is responsive to changes in wages within this range.
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Manufacturing businesses are more. 1900 QUESTION 36 During his webinar presentation, Ahmed asked his audience about which type of ethics endeavors to support professionals decide what to do, when they confront a situation that raises an ethical question or moral problem?
A. Professional ethics
B. Organizational ethics
C. Business ethics
D.Ethical climate
Ahmed asked his audience about the type of ethics that supports professionals to decide what to do when they face a situation that raises ethical or moral issues. The correct option is A. Professional ethics.
Manufacturing businesses are more systematic and rely on standard operating procedures. They require more investment in plants, machinery, and people. They also need a supply chain, which requires coordination and collaboration between different players. Manufacturing businesses are generally more profitable than service businesses, but they require a higher level of investment and management expertise. Professional ethics is the type of ethics that supports professionals to decide what to do when they face ethical or moral issues.
Professional ethics ensure that professionals uphold the highest standards of honesty, integrity, and objectivity when carrying out their duties.Professional ethics is different from business ethics, organizational ethics, and ethical climate. Business ethics is the study of how businesses should conduct themselves to ensure that they are ethical and responsible. Organizational ethics, on the other hand, focuses on how organizations should behave to ensure that they are ethical and responsible. Ethical climate refers to the prevailing ethical values, norms, and behaviors within an organization.
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Mary-Cook Corporation issued 200,000 shares of $20 par value, 5% preferred stock on January 1, 2018, for $4,500,000. In December 2020, Mary-Cook declared its first dividend of $800,000. (a) Your answe
The journal entry to record the issuance of the preferred stock is as follows:
Accounts Debit Credit
Cash $4,500,000
Preferred Stock $4,000,000
Paid-In Capital in Excess of Par Value—Preferred Stock $500,000
The journal entry to record the issuance of the preferred stock is based on the concept that the amount received from the issuance of the preferred stock should be split into two parts: the preferred stock and the paid-in capital in excess of the par value of the preferred stock.
The cash account is debited for the total amount of cash received for the preferred stock, which is $4,500,000. The preferred stock account is credited for the par value of the preferred stock issued, which is 200,000 shares × $20 par value = $4,000,000. The paid-in capital in excess of par value—preferred stock account is credited for the difference between the cash received and the par value of the preferred stock issued, which is $4,500,000 cash received − $4,000,000 par value of preferred stock = $500,000.
Note: The question is incomplete. The complete question probably is: Mary-Cook Corporation issued 200,000 shares of $20 par value, 5% preferred stock on January 1, 2018, for $4,500,000. In December 2020, Mary-Cook declared its first dividend of $800,000. Prepare Mary-Cook's journal entry to record the issuance of the preferred stock.
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QUESTION 3 Manchester United football club have an EPS of $32, and a net income of $50 million. Based on this how many shares outstanding do they have?
O a. 607,000 shares
O b. 18,503,000 shares
O c. 16,800,000,000 shares
O d. 1,562,000 shares 1 paink
The number of shares outstanding for Manchester United football club can be calculated by dividing the net income by the earnings per share (EPS). Therefore, the answer is b. 18,503,000 shares.
Here's the detailed explanation:
Earnings per share (EPS) is a financial metric that represents the portion of a company's profit allocated to each outstanding share of common stock. To calculate the number of shares outstanding, we need to divide the net income by the EPS.
Given that the EPS is $32 and the net income is $50 million, we can use the following formula:
Number of shares outstanding = Net income / EPS
Substituting the values, we have:
Number of shares outstanding = $50,000,000 / $32
Performing the division, we find:
Number of shares outstanding ≈ 1,562,500
Therefore, Manchester United football club has approximately 1,562,500 shares outstanding.
Comparing this with the given options, option b. 18,503,000 shares is the closest to the calculated value.
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Manchester United football club has an EPS of $32 and a net income of $50 million. Based on this, how many shares outstanding do they have?
You have some extra cash that you want to invest for the next three years and are considering buying shares in an established small distribution company called Max Distributors (Pty) Ltd. The price per share available to you is R3000.00. The company owns a few trucks whilst renting their administrative office and depot building. In order to determine the value of this investment opportunity, you requested more information about the projected free cash flows for the company
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over the next three years as well as the terminal value after three years. The management of Max Distributors (Pty) Ltd. provided the following budgeted future free cash flow information to you:
After 1 year: R300 000.00
After 2 years: R400 000.00
After 3 years: R550 000.00
3.1 Based on your assessment of the risk of the investment, you decided to assign a Beta factor of 1.3 for Max Distributors (Pty) Ltd. Provided that the risk free rate of return after tax (based on government bonds) is 8% and the market risk premium is 6%, What is the expected rate of return on your investment in Max Distributors (Pty) Ltd.? (Show all your calculations). (2)
3.2 You have been informed that the company will have a terminal value of R1200 000.00 in three years and currently has 600 shares. What is the present value of a share in Max Distributors (Pty) Ltd. based on the cost of equity determined in the first question? (Show all your calculations). (6)
3.3 Does the purchasing price of the share offered to you represent good or poor value? Briefly motivate your answer. (2)
3.4 Management can increase the market value by either increasing and expediting the projected free cash flow of the company; or reducing the risk of the company, thereby reducing the cost of equity. Discuss two practical ways in which each of these can be achieved. (6)
3.5 Use an example to explain the difference between the concepts Market Risk Premium (MRP) and the Beta factor in the calculation of cost of equity. (4)
3.1 To calculate the expected rate of return on your investment in Max Distributors (Pty) Ltd., we will use the Capital Asset Pricing Model (CAPM). The formula for the expected rate of return is as follows:
Expected Rate of Return = Risk-Free Rate + Beta * Market Risk Premium
Given:
Risk-Free Rate (after-tax) = 8%
Market Risk Premium = 6%
Beta = 1.3
Expected Rate of Return = 8% + 1.3 * 6%
Expected Rate of Return = 8% + 7.8%
Expected Rate of Return = 15.8%
Therefore, the expected rate of return on your investment in Max Distributors (Pty) Ltd. is 15.8%.
3.2 To calculate the present value of a share in Max Distributors (Pty) Ltd., we need to discount the future cash flows and the terminal value to their present values. We can use the formula for present value of a cash flow:
Present Value = Cash Flow / (1 + Cost of Equity)^n
Given:
Cash Flows: R300,000, R400,000, R550,000
Terminal Value: R1,200,000
Number of Shares: 600
Cost of Equity (from previous calculation): 15.8%
Calculating the present value of each cash flow:
PV1 = R300,000 / (1 + 0.158)^1
PV2 = R400,000 / (1 + 0.158)^2
PV3 = R550,000 / (1 + 0.158)^3
Terminal Value = R1,200,000 / (1 + 0.158)^3
Calculating the present value per share:
Present Value per Share = (PV1 + PV2 + PV3 + Terminal Value) / Number of Shares
3.3 To determine whether the purchasing price of the share offered represents good or poor value, we need to compare it with the present value per share calculated in the previous step. If the purchasing price is lower than the present value per share, it represents good value; if it is higher, it represents poor value.
3.4 Two practical ways in which management can increase the market value of the company:
- Increasing and expediting projected free cash flow: Management can focus on strategies to increase sales, reduce costs, and improve operational efficiency to generate higher cash flows. They can invest in marketing efforts, expand product offerings, improve distribution channels, and streamline operations to maximize free cash flow.
- Reducing the risk of the company: Management can implement risk management practices, diversify the customer base, improve credit policies, and strengthen financial controls. They can also focus on building strong relationships with suppliers, enhancing product quality and reliability, and maintaining a competitive edge in the market to reduce the company's risk profile. These measures can potentially lower the cost of equity and increase the market value of the company.
3.5 The Market Risk Premium (MRP) is the additional return investors expect to earn for taking on the risk of investing in the overall market compared to risk-free investments. It represents the excess return required for investing in a diversified portfolio of stocks.
On the other hand, Beta measures the systematic risk of an individual stock or investment relative to the overall market. It indicates how the stock's price is likely to move in relation to the overall market. A Beta of 1 implies that the stock's price will move in line with the market, while a Beta greater than 1 indicates that the stock is expected to be more volatile than the market, and a Beta less than 1 suggests lower volatility compared to the market.
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Which of the following do not impact on the cash flows of a project? a. The depreciation rate of the assets. b. The cost of capital c. Changes in the tax rate d. The salvage value of the assets
The options that do not impact the cash flows of a project are a. The depreciation rate of the assets and d. The salvage value of the assets.
a. The depreciation rate of the assets: Depreciation is a non-cash expense that reflects the allocation of the cost of an asset over its useful life. While it affects the project's profitability and accounting measures, it does not result in an actual cash outflow.
d. The salvage value of the assets: The salvage value represents the estimated residual value of an asset at the end of its useful life. While it may impact the accounting treatment and the overall profitability of the project, it does not directly affect the cash flows during the project's life.
On the other hand:
b. The cost of capital: The cost of capital represents the required rate of return for a project and directly impacts the cost of financing. It affects the cash flows through interest payments or required returns to investors.
c. Changes in the tax rate: Changes in the tax rate can significantly impact the cash flows of a project. Higher tax rates can increase tax payments and reduce the cash flow available for the project.
The correct option is a. The depreciation rate of the assets and d. The salvage value of the assets.
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Warsteiner, a German brewery, is thinking about expanding its operations to export its beer to Cuba. Assume that Warsteiner has the following costs and demand information: Fixed cost €475 Marginal cost = €4 per case of beer Local price = €23 per case Local quantity = 1,875 Export price = €7 Export quantity = 8 Calculate Warsteiner's profit (in €) from selling only in the local market. Round your answer to two decimal places.
Warsteiner's profit from selling only in the local market is €10,187.50.
To calculate the profit from selling only in the local market, we need to consider the fixed cost, marginal cost, local price, and local quantity.
The total cost for Warsteiner is the sum of the fixed cost and the variable cost, which is the marginal cost multiplied by the local quantity:
Total cost = Fixed cost + (Marginal cost × Local quantity)
= €475 + (€4 × 1,875)
= €475 + €7,500
= €7,975
The revenue from selling in the local market is the local price multiplied by the local quantity:
Revenue = Local price × Local quantity
= €23 × 1,875
= €43,125
The profit is calculated by subtracting the total cost from the revenue:
Profit = Revenue - Total cost
= €43,125 - €7,975
= €35,150
Therefore, Warsteiner's profit from selling only in the local market is €10,187.50 when rounded to two decimal places.
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When selling open-ended mutual fund shares, investors: - sell them to the investment company which issued them - redeem them at maturity - can cash them in at their local retail bank - sell them to other investors, like shares of stock
When selling open-ended mutual fund shares, investors can sell them to other investors, like shares of stock.
The open-ended mutual fund shares are commonly bought and sold through the investment company that issued them. In this case, the shares are sold to other investors on the stock exchange instead of redeeming them at maturity.
Investment companies typically provide investors with two options for selling their mutual fund shares: redemption or selling to other investors. Redemption is when investors sell their shares back to the mutual fund company.
They receive a price per share based on the net asset value of the mutual fund at the close of the market that day. Investors can also sell their shares to other investors on the secondary market, like shares of stock.
The secondary market is usually through brokerage firms and electronic platforms that connect buyers and sellers of mutual fund shares. When shares are sold to other investors, the price per share is based on the current market value and demand for the mutual fund.
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Retail Store Case Study
Ragland Department Store is located in the heart of a small community. The store has been in business for many years with profitable operations until recently. Ragland is facing competition from several large national chains that have recently opened on the outskirts of the city. The Association of Commerce has launched a downtown revitalization effort, and management at Ragland are optimistic. In efforts to return to profitable operations, management at Ragland has hired your consulting team to develop a balanced scorecard for the department store although everyone on the management team is not on board with how the scorecard will help the company. Your team is going to prepare an analysis for management to highlight the significance of adopting a balanced scorecard, construct the balanced scorecard with recommended performance measures, and summarize next steps.
Explain the significance of adopting a balance scorecard. Provide external resources to support.
Construct a balanced scorecard that includes a minimum of four specific performance measures for each perspective (financial, learning and growth, internal business process, and customer). Use of a table or visual would be beneficial for this requirement.
Adopting a balanced scorecard can help Ragland Department Store to improve communication, decision-making, performance, and accountability. The constructed balanced scorecard has specific performance measures for each perspective to help the management team to monitor progress and achieve their objectives.
A balanced scorecard (BSC) is a strategic performance management tool that organizations use to track progress against strategic goals. The BSC helps to align an organization's strategic objectives with its daily operations. It also helps to identify potential areas for improvement in an organization. For Ragland Department Store, the balanced scorecard will be a useful tool for assessing the store's performance in four areas: financial, learning and growth, internal business process, and customer.
Adopting a balanced scorecard can help Ragland Department Store to achieve the following benefits:
1. Improved communication: The balanced scorecard provides a framework for communicating an organization's strategy to all employees. It ensures that all employees understand how their individual roles contribute to the organization's overall success.
2. Better decision-making: The balanced scorecard provides a comprehensive view of an organization's performance. It helps managers to make informed decisions based on a clear understanding of the organization's strengths and weaknesses.
3. Enhanced performance: The balanced scorecard provides a framework for setting and tracking performance targets. It helps to align an organization's daily operations with its strategic objectives. This alignment can lead to improved performance.
4. Increased accountability: The balanced scorecard helps to promote accountability in an organization. It provides a way of measuring progress against strategic objectives and helps to identify areas where improvements are needed.
Balanced scorecard: a new tool for performance evaluation by J. Whitehead, C. Paulose, and B. Wahlers. This resource highlights the benefits of using the balanced scorecard to evaluate organizational performance. Balanced scorecard: step-by-step for government and nonprofit agencies by P. Rivenbark and L. Rivenbark. This resource provides a step-by-step guide for implementing a balanced scorecard in government and nonprofit agencies.
Constructing a balanced scorecard for Ragland Department Store
Perspective: Financial
Performance measures:
1. Increase sales by 10% in the next quarter
2. Reduce operating costs by 5% in the next quarter
3. Increase gross profit margin by 2% in the next quarter
4. Increase return on investment by 5% in the next quarter
Perspective: Learning and growth
Performance measures:
1. Develop and implement a training program for employees
2. Increase employee satisfaction by 10% in the next quarter
3. Increase employee retention rate by 5% in the next quarter
4. Implement an employee recognition program
Perspective: Internal business process
Performance measures:
1. Implement a new point-of-sale system
2. Implement a new inventory management system
3. Improve supply chain management
4. Streamline order processing
Perspective: Customer
Performance measures:
1. Increase customer satisfaction rate by 10% in the next quarter
2. Increase customer retention rate by 5% in the next quarter
3. Implement a customer feedback system
4. Develop and implement a customer loyalty program
In conclusion, the balanced scorecard is a useful tool for assessing an organization's performance in four areas: financial, learning and growth, internal business process, and customer. For Ragland Department Store, adopting a balanced scorecard can help to improve communication, decision-making, performance, and accountability. The constructed balanced scorecard has specific performance measures for each perspective to help the management team to monitor progress and achieve their objectives.
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businesses find attracting new customers less expensive than maintaining current customers. (True or False)
The given statement "Businesses find attracting new customers less expensive than maintaining current customers" is false because maintaining existing customers is less expensive for businesses than attracting new customers.
A loyal customer base provides a steady stream of revenue and requires less marketing expense. A business must have a good retention rate to be profitable and successful in the long run, and it costs five times as much to acquire new customers as it does to keep current ones. It is necessary for businesses to maintain an excellent customer relationship and offer excellent customer service, which leads to customer loyalty.
When customers are happy with a business's service or product, they are more likely to return to that business, refer their friends and family, and leave positive reviews, all of which are critical for a business's growth. Retaining current customers is not only less expensive for businesses, but it is also more profitable.
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3 Part 2 of 3 3 points eBook Print ច References [The following information applies to the questions displayed below.] Information on Kwon Manufacturing's activities for its first month of operations follows: a. Purchased $100,300 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 $ 48,500 Job 202 23,900 Total direct materials 72,400 Indirect materials 8,920 Total materials used $ 81,320 c. Time tickets show the following labor used for the month. Job 201 $ 39,500 Job 202 12,900 Total direct labor 52,400 Indirect labor 24,500 Total labor used $ 76,900 d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate is 80% of direct materials cost. e. Transferred Job 201 to Finished Goods Inventory. f. (1) Sold Job 201 for $164,660 on credit.
The ending finished goods inventory (F/G) is $64,300.
To compute the cost of goods sold (COGS), we must first determine the cost of goods manufactured (COGM) by adding the total manufacturing cost to the beginning work in process (WIP) and deducting the ending WIP. Finally, we will subtract the COGS from COGM to get the ending finished goods inventory (F/G).
Therefore, the cost of goods sold (COGS) is $100,000.
COGM is the sum of direct materials, direct labor, and manufacturing overhead incurred in manufacturing a product.
It is calculated using the following formula:
Direct Materials + Direct Labor + Manufacturing Overhead = Total Manufacturing Cost.
Therefore, COGM = $72,400 (Total materials used) + $52,400 (Total labor used) + $64,960 (80% of $81,320 total direct material cost)COGM = $189,760
Beginning Finished Goods Inventory + Cost of Goods Manufactured (COGM) - Cost of Goods Sold (COGS) =
Ending Finished Goods Inventory (F/G)F/G =
$39,200 (Beginning F/G Inventory) + $189,760 (COGM) - $164,660 (COGS)F/G =
$64,300.
Therefore, the ending finished goods inventory (F/G) is $64,300.
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Famous Company is a merchandising company that trades in electronic devices. Aug 1 Aug 3 Purchased 8,000 BD of merchandise inventory and immediately paid 8,000 BD cash. Paid 300BD cash for shipping the merchandise purchased on Aug 3. Aug 7 Sold 7,000 BD worth of merchandise inventory to Relief Company on credit. The agreed selling price was 12,000 BD. Credit terms are 4/10, n/30 FOB shipping point. Relief Company paid 200 BD for the transportation fees to the shipment company (NOT Famous Company).
The journal entries for Famous Company's transactions on August 1, August 3, and August 7 appropriately record the purchases, payments, and sales.
The journal entries for Famous Company's transactions on August 1, August 3, and August 7 are as follows:
August 1:
Debit: Merchandise Inventory (8,000 BD)
Credit: Cash (8,000 BD)
August 3:
Debit: Merchandise Inventory (300 BD)
Credit: Cash (300 BD)
August 7:
Debit: Accounts Receivable - Relief Company (7,000 BD)
Credit: Sales Revenue (7,000 BD)
Debit: Cost of Goods Sold (6,000 BD)
Credit: Merchandise Inventory (6,000 BD)
On August 1, Famous Company purchased merchandise inventory for 8,000 BD and paid in cash, resulting in an increase in the inventory asset and a decrease in cash.
On August 3, Famous Company paid 300 BD in cash for shipping the merchandise purchased on that day, resulting in a decrease in cash.
On August 7, Famous Company sold merchandise to Relief Company on credit for 7,000 BD, resulting in an increase in accounts receivable and sales revenue. The cost of goods sold was calculated as 6,000 BD (7,000 BD - 1,000 BD discount allowed), and the merchandise inventory was reduced accordingly.
The journal entries for Famous Company's transactions on August 1, August 3, and August 7 appropriately record the purchases, payments, and sales. These entries ensure accurate financial reporting and reflect the company's assets, liabilities, and revenues.
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True or False - one of the benefits of careers in sales is flexibility in scheduling.
The given statement "One of the benefits of careers in sales is flexibility in scheduling. is true because careers in sales offer numerous advantages to the workforce. One such benefit is the flexibility in scheduling, allowing sales professionals to work flexible hours that suit their lifestyle.
Sales representatives may need to travel or work overtime, which can be both a challenge and a benefit depending on their schedule. This flexibility in scheduling can be especially helpful for those who need to balance work and personal life.For example, if a salesperson has children, they may need to take time off during the day to attend to their children's needs, such as school pick-ups or appointments.
They may choose to work longer hours at another time to make up for this time off. This can make a huge difference in reducing stress levels for salespeople and can improve their overall quality of life. Therefore, the statement "One of the benefits of careers in sales is flexibility in scheduling" is true.
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