Answer: 3.25%
Explanation:
The interest rate that applies to the payment due in December 20XX will be the addition of the the six-month Libor which is 3.00% at the end of June 20XX and the coupon rate of a floating-rate note which is expressed as six-month Libor 25 bps.
Therefore, the answer will be:
= 3.00% + 0.25%
= 3.25%
You own a portfolio that has $2,950 invested in Stock A and $3,700 invested in Stock B. If the expected returns on these stocks are 8 percent and 11 percent, respectively, what is the expected return on the portfolio
Answer:
9.67%
Explanation:
The total value of the portfolio = $ 2,950 + $ 3,700 = $6,650
The proportion of the portfolio invested in stock A = $ 2,950 / $ 6,650 = 44.36% . The proportion of the portfolio invested in stock B = 100 - 44.36% = 55.64%
The expected return of the portfolio = 0.4436*0.08 + 0.5564*0.11 = 0.035488 + 0.061204 = 0.096692 = 9.67%
Advantages
OF quantitative approach of
Management
Answer:
Quantitative approach of Management refers to a managerial technique that relied on rigid calculations (such as statistics or computer simulations) in order to improve the decision making.
Here are the advantages:
- The decision making process occurred a lot quicker since the managers can relied on computers to analyze all the relevant factors
- Cost benefit analysis can be more accurate since it completely disregard the personal biases of the manager.
- Results between each decisions implementation can be measures easily since it's displayed on numerical value.
5. Refer to the original data. By automating, the company could reduce variable expenses by $3 per unit. However, fixed expenses would increase by $56,000 each month.a. Compute the new CM ratio and the new break-even point in unit sales and dollar sales.b. Assume that the company expects to sell 20,500 units next month. Prepare two contribution format income statements, one assuming that operations are not automated and one assuming that they are. (Show data on a per unit and percentage basis, as well as in total, for each alternative.)c. Would you recommend that the company automate its operations (Assuming that the company expects to sell 20,500)
Answer:
Question is solved in detail in the explanation section.
Explanation:
Note: Original data is missing in this question, but I have found that data somewhere on the internet and will be using that to solve this question. I will be using the missing data. Will solve this question for the sack of understanding the concept. So we have to neglect the data in this question and use the one that I have found. Thank you for your understanding.
Solution:
Data given:
CM Ratio = [tex]Value of Price - \frac{\frac{value of Variable expense}{value of sales} - Value of decreasing variable expense }{value of price}[/tex]
Value of Price = $30 per unit
Value of Variable Expense = $409500
Value of decreasing variable expense = $3
Value of Sales = $19500
Now, we have all the values to solve for CM Ratio, so just plugging in the values we get:
CM Ratio = [tex]30 - \frac{\frac{409500}{19500} - 3 }{30}[/tex]
CM Ratio = 0.40
CM Ratio = 40%
Now, in order to find out the value of break even sales, we need:
Value of fixed expense
CM Ratio that we just calculated.
From the original data:
value of fixed expense = $180000
It is given that,
value of fixed expense would increase by $72000 each month.
So the new fixed expense would be = $180000 + $72000
Value of Fixed expense = 252000
So, the break even sales value will be:
Break Even Sales = Value of Fixed Expense/ CM Ratio
CM Ratio = 40%
Break Even Sales Value = $252000/0.40
Break Even Sales Value = $630000
Now, for Break even sales unit, formula is:
Break even sales unit = Value of Fixed Expense/ CM Ratio x Price of a Unit
Break even sales unit = 252000/40% x 30
Break even sales unit = 21000
b) Contribution Format income statement:
Contribution income statement is attached in the attachment below.
Refer to the attachment.
c)
Recommendation:
Well, according to the original data through which this question has solve, we would recommend the company to go for non-automated operations because:
1. Automated operations have higher contribution margin.
2. The Fixed cost of automated operations is greater than the non-automated operations.
3. Additionally, the automated operations have greater break even sales, which is a risk. If company reaches a break even sales of the values equal to the break even sales values of the non-automated operations then, company will definitely bear loss.
Hence, it is recommended that company should not go for automation of its operation.
Note: As this question lacks original data, so we couldn't solve the question according to the sub-data that is given in this question. So, I have solved it using the original data as a whole. Now, using the same concept, you can solve such type of questions no matter what the data is.
Thank you for your understanding.
For 2014, cost of goods available for sale for Tate Corporation was $2,700,000. The gross profit rate on sales was 20%. Sales for the year were $2,400,000. What was the amount of the ending inventory?
Answer:
$780
Explanation:
Gross profit is 20% of sales.
Therefore, gross profit = 20% of $2,400,000
=20/100 x $2,400,000
=0.2 x $2,400,000
=$480,000
Typically, sales - cost of goods sold = gross profit
$2,400,000 - COGS = $480,000
COGS =$,2,400,000 - $480,000
COGS = $1,920,000
In calculating COGS,
COGS = beginning inventory + Purchases - ending inventory
( beginning inventory + Purchases)= Cost of goods available for sale
$1920,000 = 2,700,000 - ending inventory
Ending inventory= $2,700,000 - $1,920,000
Ending inventory =$780,000
A person would most likely be able to justify the added cost of flood
insurance in which situation?
A. The person plans to move to an area far from the coast.
B. The person lives in an area that experiences hurricanes.
C. The person has homeowner's insurance that covers floods.
D. The person is in poor health and often goes to the hospital.
Answer:
B. The person lives in an area that experiences hurricanes.
Explanation:
Insurance coverage offers protection against losses caused by risk events stated in the policy document. The insurance company provides financial compensation should the insured suffer losses as a result of a risk covered by the insurance. The policy document states the amount of compensation the insured is entitled.
The amount of compensation is determined by many factors, including premiums. Premiums are considered as the cost of insurance. High premiums indicate that a person has a big insurance cover, which will compensate more in the event of a loss. A person living in a place that experiences hurricanes may want to pay high premiums for a flooding cover. Such a person is greatly exposed to flooding will require significant compensation should floods occur.
Answer:
b
Explanation:
definition of pre customer contact
Answer and Explanation:
As the name suggests the pre customer contact means contacting the customer before selling the product so that the firm could able to find out the requirement of the customer what he or she needs
The firm has the responsibility to provide the information about their products and services so that the customer could able to decide what he or she actually wants
After the selling the person could become the customer
1.Ima New is a recent employee who initially requires 20 minutes to complete a job task. If she experiences an 80% learning rate, how much time will it take her to complete the sixth task
Answer:
7.78 minutes
Explanation:
Solving Mathematically this will be :
Time for the 6th task = Time for 6 tasks - time for 5 tasks
y = ax^b
where,
y is cumulative time required to produce x units
a is time required to produce first unit of the output
x is the number of units under consideration
b is the log of Learning Curve % divided by 2
therefore,
Time for 6 tasks = 11.23 minutes × 6 tasks
= 67.38 minutes
Time for 5 tasks = 11.92 minutes × 5 tasks
= 59,60 minutes
Time for the 6th task = 67.38 minutes - 59,60 minutes
= 7.78 minutes
Conclusion :
She need 7.78 minutes to complete the 6th task
Joey moved from NY to NV because he was transferred by his employer, Big Casinos Inc. His employer reimbursed his moving expenses,
and reported $1,250 on Form W-2, box 1. Joey's actual moving expenses totaled $1,450. How much can Joey claim as an adjustment to
income on Schedule 1, line 13?
Choose one answer
a. $1,250
b. $1,450
c. $200
d. $0
Answer:
Joey can claim as an adjustment to income on Schedule 1, line 13:
d. $0
Explanation:
Joey cannot claim any adjustment to his income because moving expenses are no longer tax-deductible based on the new Tax Cuts and Jobs Act, 2017. Instead of making any adjustment claim, the reimbursement by Joey's employer of his moving expenses to the tune of $1,250 will be included in his income and taxed. Before the new tax law, moving expenses were an adjustment to the adjusted gross income, not an itemized deduction.
D- Joey cannot claim any compensation in the schedule 1 line 13 of the Income Tax Act as per latest amendments that have been made to the Act recently.
The employer of Joey can also put a Tax deductible at source as per the will of Joey on the moving expenses as reimbursed by Big Casinos Inc. for transportation from NY to NV.
Earlier the deduction that could have been claimed by Joey could have been in full to such expenses being borne by him even if they were reimbursed to him by the employer.But after thorough review and reconstruction of the Income Tax Act it was concluded that the expenses reimbursed cannot be deducted by the federal taxation policies as there was tax evasion in this scheme.After amendments several changes changes have been made to the Act and it has been bought to a conclusion that schedule 1 line 13 will no longer be able to be claimed by the taxable person as it has been reimbursed.Hence, the correct option is D that Joey can claim a deduction $0 on his moving expenses that were reimbursed by Big Casinos Inc.
To know more about tax deductions, click the link below.
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Francine owns a bakery. She agrees to deliver a dozen cakes to Amelia for a surprise party. Francine does not deliver the cakes on time
and Amelia takes her to court. In a court case, Amelia is the:
Select one
a. Binding Authority
b. Defendant
c. Plaintiff
d. Persuasive Authority
Answer:
c. Plaintiff
Explanation:
Plaintiff is the person or business that takes a lawsuit to court. It is the offended party that moves to court with a complaint against another party. In some instances, like in a civil case, the plaintiff is known as the complainant.
In this case, Amalia is the plaintiff. She has a complaint against Francine, who is the defendant. Plaintiff being the aggrieved party initiates the court process to seek legal redress.
Which one of the following is a formal document to manage and control project execution?
A. WBS
B. The project management plan
C. The organizational management plan
D. The work authorization system
Answer:
B. The project management plan.
Explanation:
This is always been referred to as PMP for shorts and in other words, it is explained to be a form of documented communication for a project and is seen in many cases to raise the chance of making your project a land slide and this comes to reality when order and its structure is seen to be too notch.
In a course of project management, a lot of terminologies are known to be followed in sequence which ranges from initiating, controlling, planning etc. Also its briefing and outlining us seen in the Executive summary.
Determine the number of containers required to support a lean process which uses 200 parts per hour. The time for a container to complete a cycle (move, wait, empty, return, fill) is 0.75 hours. A single container has a capacity of 6 parts. And inefficiency factor of 0.11 is currently being used. (Round any fractional result up to the next higher whole number.)
Solution :
Given :
D = the rate of the planned usage of using the work center = 200 parts per hour
T = the average waiting list for the replenishment of the parts plus the average time of production of a container of parts = 0.75 hours
X = the policy variable which is set by the management - the possible inefficiency of the system = 0.11
C = the capacity of the standard container = 6 parts per container
Therefore the total number of the containers are :
[tex]$N=\frac{DT(1+X)}{C}$[/tex]
[tex]$N=\frac{(200 \times 0.75)(1+0.11)}{6}$[/tex]
N = 27.75 which is almost 28 containers.
The rounding up will cause a system to be a looser while rounding down will make the system tighter. Usually the rounding up is preferable.
The number of containers required to support a lean process will be 28 containers.
The formula that can be used to solve the problem will be:
N = DT(1 + X) / C
where,
D = Planned usage rate = 200T = Average waiting time = 0.75 hours X = Policy variable = 0.11C = Capacity of a standard container = 6Therefore, the number of containers will be:
N = DT( 1 + X) / C
N = (200 × 0.75)(1 + 0.11) / 6
N = 150(1.11) / 6
N = 166.5/6
N = 27.75 = 28
In conclusion, the correct option is 28 containers.
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A seller wants to net $100,000 after paying the broker 5% and paying off his loan balance of $200,000. He will also pay documentary stamps on the deed of $2100. What must the property sell for to cover all costs and net the seller his desired amount
Answer: $318,000
Explanation:
The amount that the property must sell to cover all costs and net the seller his desired amount would be:
= ($100,000 + $200,000 + $2100) / (100% - 5%)
= $302,100 / 95%
= $302,100 / 0.95
= $318,000.
Terri computed the pre-determined overhead rate. She estimated that 440,000 direct labor hours were going to be used for the upcoming year. Her boss wanted her to change the estimate to 420,000 direct labor hours even though he knows that this amount is probably going to be wrong. 1) What is the effect of changing the estimated direct labor hours on the pre-determined overhead rate computation
Answer:
Missing word "2. Should Terri change the estimated direct labor hours to 420,000? Why or why not?"
1) If estimated direct labor hours are fixed at 420,000 hours, then at the time of evaluating actual performance with standard performance, Direct labor efficiency variance will be definitely unfavourable which doesn't not accurately describes the actual efficiency of workforce.
2) Terri should not change the estimated direct hours at 420,000. Because, otherwise direct labor efficiency variance will be definitely unfavourable and workers will not get adequate bonus for their job. It will be profitable for the company or employer but typically unethical in deed. Workers will financially neglected and exploited by this act.
Exporting is the sale of goods and services to foreign markets.
true or false?
Answer:
true
Explanation:
while import is receiving goods from foreign country
Which statement best describes a pure market economy?
Texas Inc. has 8,000 shares of 6%, $125 par value cumulative preferred stock and 83,000 shares of $1 par value common stock outstanding at December 31. What is the annual dividend on the preferred stock
Answer:
the annual dividend on the preferred stock is $60,000
Explanation:
The computation of the annual dividend on the preferred stock is shown below:
= Number of shares × par value per share × dividend percentage
= 8,000 shares × $125 × 6%
= $60,000
Hence, the annual dividend on the preferred stock is $60,000
We simply applied the above formula and the same is relevant
At the end of each year a self-employed person deposits $1,500 in a retirement account that earns 7 percent annually.a)How much will be in the account when the individual retires at the age of 65 if the contributions start when the person is 45 years old
Answer:
FV= $61,493.24
Explanation:
Giving the following information:
Annual deposit= $1,500
Number of periods= 65 - 45= 20 years
Annual interest rate= 7%
To calculate the future value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {1,500*[(1.07^20) - 1]} / 0.07
FV= $61,493.24
According to dr.king,what happens when you don’t harness the drum major instinct?
Explanation:
when one fails to harness this instinct, they end up trying to push others down in order to push themselves up
There are numerous disciplines in the area of applied science and technology. These areas contain endless opportunities for technical leadership. However, as a technical leader there comes a high degree of responsibility with a specific skill set and knowledge in a particular area. How would you define the function and responsibilities of technical leader
Explanation:
A technical leader is one who has the know-how of a special task, often linked to operational and science and technology areas.
This type of leader is one who has expertise in a given subject due to his experience in the field and knowledge generated throughout his career. His main duties are to coordinate the work of the teams, supervising the work and adding value to the work due to his experience, he must be the main motivator of his team, increasing productivity and increasing innovation. It is also essential that the leader has communication skills, provides feedback and is always ready to assist his team and make work more effective.
A company's product sells at $12.26 per unit and has a $5.39 per unit variable cost. The company's total fixed costs are $96,700. The contribution margin per unit is:
Answer:
$6.87
Explanation:
Calculation for what The contribution margin per unit is:
Selling price per unit $12.26
LessVariable cost per unit ($5.39)
Contribution margin per unit $ 6.87
($12.26-$5.39)
Therefore The contribution margin per unit is: $6.87
4. What are some differences between the three behavioral styles of leadership? Provide examples to illustrate when it would be appropriate to use each behavioral style.
Explanation:
There are three basic styles of leadership decision-making: authoritarian, democratic, and laissez-faire. Authoritarian leaders rule their groups, for example team leaders in a corporate, whereas, democratic leaders try to include everyone in the decision-making process, as in the cabinet of a democratic government. And laissez-faire leaders let the group function without much - if any - interference
Discuss Basic elements of Organization structure?
Answer:
This answers may help you
6. When you find income elasticity of demand, you can determine whether the goods are normal or inferior based on whether your answer is a positive or negative number. Explain. Include definitions of inferior and normal goods in your explanation.
Explanation:
Normal goods are the whose demand decreases with increase in price whereas in economics inferior goods are those whose demand decreases with increase in people's income.
Normal goods have a positive income elasticity of demand; as incomes rise, more goods are demanded at each price level.Inferior goods have a negative income elasticity of demand; as consumers' income rises, they buy fewer inferior goods.
Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement: Sales $ 1,500,000 Variable expenses 655,500 Contribution margin 844,500 Fixed expenses 929,000 Net operating income (loss) $ (84,500) In an effort to resolve the problem, the company would like to prepare an income statement segmented by division. Accordingly, the Accounting Department has developed the following information: Division East Central West Sales $ 350,000 $ 620,000 $ 530,000 Variable expenses as a percentage of sales 44 % 39 % 49 % Traceable fixed expenses $ 294,000 $ 329,000 $ 196,000 Required: 1. Prepare a contribution format income statement segmented by divisions. 2-a. The Marketing Department has proposed increasing the West Division's monthly advertising by $29,000 based on the belief that it would increase that division's sales by 14%. Assuming these estimates are accurate, how much would the company's net operating income increase (decrease) if the proposal is implemented
Answer:
Wingate Company
1. Contribution format income statement segmented by divisions:
Company East Central West
Sales $ 1,500,000 $350,000 $620,000 $530,000
Variable expenses 655,500 154,000 241,800 259,700
Contribution margin 844,500 $196,000 $378,200 $270,300
Traceable fixed expenses 819,000 294,000 329,000 196,000
Non-traceable fixed expenses 110,000
Net operating income (loss) $ (84,500) $(98,000) $49,200 $74,300
2. Decrease in net operating loss = $45,200
Explanation:
a) Data and Calculations:
Wingate's most recent monthly contribution format income statement:
Sales $ 1,500,000
Variable expenses 655,500
Contribution margin 844,500
Fixed expenses 929,000
Net operating income (loss) $ (84,500)
Additional data:
Division East Central West
Sales $ 350,000 $ 620,000 $ 530,000
Variable expenses as
a percentage of sales 44 % 39 % 49 %
Traceable fixed expenses $ 294,000 $ 329,000 $ 196,000
Implementation of the proposal:
Sales for West = $604,200 ($530,000 * 1.14)
Traceable fixed expenses for West = $225,000 ($196,000 + 29,000)
Contribution format income statement segmented by divisions:
Company East Central West
Sales $ 1,574,200 $350,000 $620,000 $604,200
Variable expenses 655,500 154,000 241,800 259,700
Contribution margin 918,700 $196,000 $378,200 $344,500
Traceable fixed expenses 848,000 294,000 329,000 225,000
Non-traceable fixed expenses 110,000
Net operating income (loss) $ (39,300) $(98,000) $49,200 $119,500
Decrease in net operating loss = $45,200 ($84,500 - 39,300)
On March 4, 2009, the SEC reached an agreement with Krispy Kreme Doughnuts, Inc., and issued a cease-and-desist order to settle charges that the company fraudulently inflated or otherwise misrepresented its earnings for the fourth quarter of its FY 2003, and each quarter of FY 2004. By its improper accounting, Krispy Kreme avoided lowering its earnings guidance and improperly reported earnings per share (EPS) for that time period earnings per share; these amounts exceeded its previously announced EPS guidance by 1 cent.
The primary transactions described in this case are "round-trip" transactions. In each case, Krispy Kreme paid money to a franchise with the understanding that the franchise would pay the money back to Krispy Kreme in a prearranged manner that would allow the company to record additional pretax income in an amount roughly equal to the funds originally paid to the franchisee.
Answer:
sorry i just need points ;-;
Explanation:
BUT! oh, jeez. yeah, im only in 9th grade, but if you have any other questions like math, i can try?
what the importance of teamwork
Answer:
Businesses thrive when they have a diverse team of people who can contribute individual ideas. Teamwork helps solve problems. Collaboration within a group can help solve difficult problems. Brainstorming is a good opportunity for the team to exchange ideas and come up with creative ways of doing things.
Explanation:
Can you give me brainliest i really need it to reach my next rank
Answer:
A teamwork environment promotes an atmosphere that fosters friendship and loyalty. These close-knit relationships motivate employees in parallel and align them to work harder, cooperate and be supportive of one another. Individuals possess diverse talents, weaknesses, communication skills, strengths, and habits.
Explanation:
Please help, will give brainliest to best answer
Answer:
CFP: CFA: CPA:
* Insurance Planning * Investment Analysis * Accounting
* Retirement Planning * Financial Management * Public Accounting
* Estate Planning Audit
What is the best way to answer the question "tell me a little about yourself
Answer:
Tell them what you stand for and what you have done. Tell them what you want to do.
Explanation:
Answer:
say your name and talk about something s you like and something you enjoy doing.
Explanation:
What happens when borrowers don't repay those loans? Who suffers?
mm
Answer:
the borrowers they get charged more
education empower a person