Answer:
Memo for business promotion
Explanation:
To : Manager
From : Finance Officer
Subject : Actions for moving forward
The business meeting has been concluded successfully and minutes of the meeting is prepared in the document. The business needs to be moved forwards as there are many competitors entering in the market. The business need to focus on introducing new products which are demanded by the customer and allow some customization according to customer needs. The packaging of the products also needs to be revised as the presentation is also important for customer to make a buy decision. The business profits will increase and the sales will be high.
Further minutes of the meeting are attached with the memo.
Sign: Edward,
How many miles is 64km?
Answer:
The Answer is 39.769 miles
What is liability? its a study question and i need the answer so i can pass my class
Answer:
the state of being responsible for something, especially by law.
Explanation:
So if you're a liability to someone they are responsible for you. Usually a bad thing like your dead weight.
The town of Franklin has an economy composed entirely of two equally sized specialized tire manufacturers. Both company X and company Z produce race car tires and airplane tires. Company X is better at producing race car tires than Company Z which is better at producing airplane tires. In order to maximize output, Company X should:_________
a. reduce its production of race car tires in order to commit resources to learn how to better produce airplane tires.
b. abandon the production of airplane tires to fully specialize in the production of race car tires and then trade with Company Z for airplane tires.
c. keep producing both products at the going rate.
d. produce both race car tires and airplane tires on its own and sell its excess race car tires to Company Z for additional airplane tires.
Answer:
b. abandon the production of airplane tires to fully specialize in the production of race car tires and then trade with Company Z for airplane tires.
Explanation:
Company X has a comparative advantage at producing race car tires
Company Z has a comparative advantage at producing airplane tires.
A country (company) has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries (companies).
A company should specialise only in the production of the good for which it has a comparative advantage.
Company X should specialise in producing race car tires and stop producing airplane tires
Company Z should specialise in producing airplane tires and stop producing race car tires
Answer:
B. abandon the production of airplane tires to fully specialize in the production of race car tires and then trade with Company Z for airplane tires.
Explanation:
Marginal shows how much money can be made if a producer sells one additional unit of a good.
Answer:
Marginal revenue
Explanation:
Marginal revenue is the additional income attributed to the sale of an extra unit. It is the income a business generates by selling one more unit of a product. Marginal revenue (MR) is compared to Marginal cost( MC) to determine if a business should continue with production and selling activities. If marginal revenue is greater or equal to marginal costs, the company should proceed with production and selling.
Answer:
revenue
Explanation:
In Year 1, in a project to develop Product X, Lincoln Company incurred research and development costs totaling $10 million. Lincoln is able to clearly distinguish the research phase from the development phase of the project. Research-phase costs are $6 million, and development-phase costs are $4 million. All of the IAS 38 criteria have been met for recognition of the development costs as an asset. Product X was brought to market in Year 2 and is expected to be marketable for 5 years. Total sales of Product X are estimated at more than $100 million.
Required:
a. Determine the impact research and development costs have on Lincoln Company's Year 1 and Year 2 income under (1) IFRS and (2) U.S. GAAP.
b. Summarize the difference in income, total assets, and total stockholders' equity related to Product X over its five-year life under the two different sets of accounting rules.
Answer:
Answer is explained in the explanation section below.
Explanation:
Data Given:
Research and Development Cost = $10 million
Research Phase Cost = $6 million
Development Cost = $4 million
Total Sales of Product X are estimated at more than = $100 million
Solution:
a.
1. IFRS:
Research cost of $6 million have been expensed in year 1 in case of IFRS.
Whereas, for year 2 developmental cost is reported as assets and amortization is recorded on the asset which is the 5th part of the developmental cost of $4 million.
$4,000,000/5 = $800,000
2. U.S. GAAP:
Under U.S. GAAP in year 1, total of $10 million have been expensed including both research and development cost.
Under U.S. GAAP in year 2, however, there is no asset reported and all the costs are expensed in year 1 hence, no impact on the income statement.
b.
Income: In year 1 under IFRS, income will be higher by $4 million ($10-$6)million before the implication of tax.
But for year 2 to year 5:
In case of IFRS, income will be lowered due to the amortization on the deferred development cost. It will decrease by $800,000.
The total assets and stock holder's equity under IFRS will be higher by the following amounts each of the years.
Year 1 $4,000,000
Year 2 $3,200,000
Year 3 $2,400,000
Year 4 $1,600,000
Year 5 $800,000
The above amount is decreased by $800,000 each year because of the amortization of asset.
Bakers are much _________ likely to supply pastries to the market if property rights are not enforced. In the presence of market failures, public policy can improve economic efficiency.
Classify the source of market failure in each case listed.
a. A manufacturing plant dumps chemical waste into a nearby river, poisoning the water supply for a small town downstream.
b. There is only one car dealership in a small town, giving the dealership the ability to influence the price of cars.
Answer and Explanation:
In the case when the property rights are not enforced so here the bakers are less likely to supply the pastries
Now the classification of the market failure is as follows;
a. When the manufacturing firm dump the chemical water in near by river so it would be classified as an externality
b. And, when there is only one car dealership so this represent the market power
Smashed Pumpkins Co. paid $160 in dividends and $589 in interest over the past year. The company increased retained earnings by $492 and had accounts payable of $630. Sales for the year were $16,370 and depreciation was $732. The tax rate was 40 percent. What was the company's EBIT
Answer: $1675.67
Explanation:
Based on the information given in the question, the company's EBIT would be calculated as:
Earnings After Tax will be:
= Retained Earnings + Dividends
= 492 + 160
= 652
Earnings Before Tax will be:
= EAT / (1 - tax rate)
= 652 / (1 - 40%)
= 652 / (1 - 0.40)
= 652/0.60
= 1086.67
EBIT would then be calculated as:
= EBT + Interest
= 1086.67 + 589
= 1675.67
Justin is taking a class in which he is working on his future career goals. His teacher asked him to write an essay answering questions about his ideal future. Justin wrote this: "In five years, I will be 22 years old. I will have graduated with my bachelor’s degree. I will hopefully be living in Colorado, where I will have a job as a computer analyst. I am hoping that I will be near my family members, who also live in Colorado. I plan to be debt-free and regularly putting money into my savings account.” Which of these statements best provides new, additional information about Justin's future goals? I highly value my current talent for analyzing data with computer software. I would like to be training to run a marathon benefiting cancer research. I have been running on a cross country team since I was a freshman. I used to want to live in New York.
Answer:
answer b
Explanation:
I would like to be training to run a marathon benefiting cancer research.
What is a marathon?The marathon is a long-distance foot race that typically takes place on roads but can also be completed on trail routes. Its distance is 42.195 kilometers. You can run the marathon or use a run/walk method to finish it. There are several categories for wheelchairs. There are more than 800 marathons organized annually throughout the world, and while larger marathons can draw tens of thousands of competitors, the vast majority of those running them are recreational athletes. In 1896, the marathon was one of the first modern Olympic competitions. Before 1921, the distance was not standardized. The 1983-starting World Athletics Championships also feature the distance. It is the sole running road race that is a part of both championship events.
Around 490 BC, when the Persians were invading Greece, the marathon first appeared. The most well-known version describes Pheidippides, a Greek messenger tasked with telling the Athenians of the Greeks' victory over the Persians at the Battle of Marathon. Pheidippides went off on foot and ran nonstop because he thought the assignment was vital. He stormed into the government meeting at the city's gates, declared the Greek victory, then collapsed on the ground and passed away from weariness.
It's difficult, especially for novices, to run a marathon. But why does it seem to be so popular these days even if not everyone finds it appealing? There are many other reasons why people choose to participate in marathons, but these are just a few:
Raise awareness of and funds for causes; Put your own endurance to the test;Maintaining a healthy lifestyle and being in shape so we can continue to run;Running erratically and letting tension go strengthens friendships and solidarity. During the runs, encouragement is provided.Before beginning a marathon voyage, however, one should start off slowly and patiently, and training is essential to prepare for this drawn-out yet incredibly gratifying adventure.
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which business is more likely to borrow from an investment bank
Answer:
Investment banks were seeking to borrow more money to trade more debt and earn more profits. Early on, for every one dollar the investment bank invested from its own funds, it invested an additional three dollars of borrowed funds.
An office's computers are connected in a mesh topology. How many cables are required to connect four computers to each other?
As you learned more and more about the complexity of the HRM role, what do you view as the most challenging aspect of HRM in the international context? How do you view the impact of expatriates on your role in HRM?
Answer:
The interpretation including its question would be characterized in the explanatory segment elsewhere here.
Explanation:
(a)
The cultural divide is perhaps the most compelling as that of the complexities of corporation dramatically change in something like a foreign environment. Besides example, a thumbs-up gesture, which would be a complimentary sign throughout the West as well as the US, seems to have a different meaning in several other cultural groups and therefore is construed as bad-mannered throughout Asian countries like Thailand, whereby the significance has been less than that of trying to stick someone's hard to both the West.(b)
The negative effect of ex-pats mostly on the position of HRM would be that individuals start making the importance of HRM so much enlightening. The HR seems to be essential for safeguarding expatriates and then for the HR to safeguard foreign nationals, this should understand the ways of foreign residents such that the HR could even start educating other staff mostly on cultural values of migrants.You want to purchase your first house. A conventional mortgage will require a credit score of approximately 630. Your credit score is 560. You need to increase it by 70 points to get to 630. If you increase your score by 12% per year, how many years will it take to lift your score to 630?
Answer:
1.1 years
Explanation:
The currents credit score is 560
the credit score is increasing by 12% per year is
=12% of 560
=12/100 x 560
=0.12 x 560
=67.2
The required increase is 70 points
the years it will take = 70 points /67.2 points
=1.041 years
= 1 year and one month
Suppose that Yakov, an economist from a university in Arizona, and Ana, an economist from a nonprofit organization on the West Coast, are arguing over saving incentives. The following dialogue shows an excerpt from their debate:
Kyoko: I think it' safe to say that, in general, the savings rate of households in today's economy is much lower than it really needs to be to sustain an improvement in living standards.
Jacques: I think a switch from the income tax to a consumption tax would bring growth in living standards.
Kyoko: You really think households would change their saving behavior enough in response to this to make a difference? Because I don't.
The disagreement between these economists is most likely due to _________
a. differences in scientific judgments
b. differences between perception versus reality
c. differences in values
Answer: a. differences in scientific judgments
Explanation:
Economists generally argue about most policies due to the different schools of thought that they adhere to.
These schools of thought are influenced by scientific judgements they believe to be the most applicable to the economies of nations. This difference in opinion between these two is most likely because they follow different schools of thought with differences in scientific judgements.
How is poverty anywhere a threat to prosperity everywhere?
Answer: Here poverty can be explained as a barrier to growth.
Explanation:
Although we indeed live today in a globalized world, where there are greater opportunities for more people, poverty continues to be a problem that can be a barrier to the growth of wealth.
Poverty interferes with the growth of the human being since it limits it and does not allow it to develop its potential, which leads it to remain at the same level where it was and contributes to the growth of poverty.
When poverty is higher, prosperity is lower. Inequalities in many aspects are becoming more marked and although it is true there seem to be greater opportunities, many times those people who come from poverty face difficulties to get out of there, which makes it a kind of circle.
_____political activities include
complaining to one's supervisor,
bypassing the chain of command,
forming coalitions, obstructing
organizational politics, excessively
adhering to rules, developing
contacts outside the organization.
Select one:
a. Illegitimate
b. External
c. Internal
d. Legitimate
= Legitimate
Legitimate political activities include complaining to one's supervisor, bypassing the chain of command, forming coalitions, obstructing organizational politics, excessively adhering to rules, developing contacts outside the organization. Thus, the correct answer is option D.
What is legitimate political activities?In political science, legitimacy refers to the right and acceptance of a governing law or regime. Whereas authority refers to a specific position in an established government, legitimacy refers to a system of government—where government refers to a "sphere of influence." Political legitimacy is regarded as a fundamental requirement for governance, without which a government will face legislative deadlock(s) and collapse.
Under legitimate political activity, one can complain to the supervisor, and excessively adhere to rules and regulations. Forming coalitions is also allowed under this type of activity. One can also develop some contacts outside the organization.
Therefore, the correct answer is legitimate political activity.
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When Sarafina deposits money in an IDA, _____.
it earns the highest interest rates available at a bank
it is good for the government
an organization matches the amount she deposited
the interest on the account is not taxed
Answer:
an organization matches the amount she deposited
Explanation:
An individual development account ( IDA) is a special program account that assists low-income groups and other marginalized groups achieve financial stability. An IDA helps these individuals save for education, purchase a home or start a business.
With an IDA, the contributions individuals make are matched by the state or other donor projects. The matching initiative serves as an encouragement to the target group to save and attain financial stability.
What is the best definition of marginal cost?
the possible income from producing an additional item
the price of producing one additional unit of a good
the additional income gained from selling an additional good
the financial gain from business activity minus expenses
Answer:
B
Explanation:
100% ed genuity
The best definition of marginal cost is B. the price of producing one additional unit of a good or service.
What is marginal cost?The marginal cost or variable cost is the change in the total production cost resulting from producing one additional unit.
The marginal cost can be computed by dividing the total cost by the total quantity.
Thus, the best definition of marginal cost is Option B.
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Which of the following statements is correct with respect to economic incentives to release financial information?
a. Owners and managers do not have an economic incentive to supply the amount and type of financial information because it has no effect on the company's ability to raise capital at the lowest cost.
b. Companies have an economic incentive to supply the formation investors want in order to raise capital at the lowest possible cost.
c. Because financial disclosures are regulated, owners and managers have little economic incentive to supply the amount and type of financial information that will enable them to raise capital most cheaply.
d. Because companies have an economic incentive to supply information investors want, regulatory groups have intendence over the amount and type of financial information that Comores descone.
Answer:
B
Explanation:
If investors do not have adequate information about the company they are investing, they would demand an higher rate of return. This would increase the cost of raising capital. So, financial managers who want to raise capital at a cheap rate would have the incentive to disclose information
Determine the number of cycles per day and the production quantity per cycle for this set of vehicles:
Product /Daily Quantity
A, 20
B ,12
C, 4
D, 16
Determin the number of cycles.
Answer:
the number of cycles is 4
Explanation:
The computation of the number of cycles are presented below;
Product Daily Quantity Daily unit per cycle
A 20 20 ÷ 4= 5
B 12 12 ÷ 4= 3
C 4 4 ÷ 4= 1
D 16 16 ÷ 4= 4
hence, the number of cycles is 4
Breakthrough innovations account for ___% in the golden ratio on innovation
Group of answer choices
a. 20
b. 10
c. 5
d. 15
e. 25
Charles just graduated from college and is now in the market for a new car. He has saved up $4,000 for a down payment. He's deciding between a Super and a Duper. The Super is priced at $23,599, and the Duper is priced at $18,999. After agonizing over the decision, he decides to buy the Duper. He writes the dealership a check for $4,000 and takes out a loan for the remainder of the purchase price. Identify what role money plays in each of the following parts of the story.
a. Van writes a check for $4,000.
b. Van can easily determine that the price Of the Super is more than the price of the Duper.
c. Van has saved $4,000 in his checking account.
Answer and Explanation:
The identification of the role that money plays in each of the following transactions done:
1. In the case when Van write the check so it would be classified as the medium of exchange
2. When van would easily measures the price of the super i.e. higher than the duper price so it would be classfied as the unit of the account
3. And, when van saved the amount of $4,000 in his checking account so it would be classified as the store of the value
____involves relying on one's
authority position or stressing that a
request is in accordance with
organizational policies or rules.
Select one:
a. Consultation
b. Legitimacy
c. Exchange
d. Rational persuasion
= Legitimacy
Explanation:
legitimacy involves relying on one's
authority position or stressing that a
request is in accordance with
organizational policies or rules.
Which of the following is NOT a
characteristic of organizations with
significant political activity?
Select one:
a. Win-win approach to reward
allocations
b. Role ambiguity
c. Opportunities for promotion
an advancement
d. Declining or scarce resources
= Win-win approach to reward
allocations
Explanation:
Win-win approach to reward
allocations
The revenues and expenses of Paradise Travel Service for the year ended May 31, 2018, follow: Accounts Fees earned $809,500 Office expense 295,200 Miscellaneous expense 10,600 Wages expense 450,900 Everett McCauley invested an additional $37,600 in the business in exchange for common stock, and $15,600 of dividends were paid during the year. Retained earnings as of June 1, 2017, was $340,000.
Required:
Prepare a retained earnings statement for the year ended May 31, 2018.
Answer:
$377,200
Explanation:
Preparation for a retained earnings statement for the year ended May 31, 2018
First step is to calculate the Net income
Net income During The Year
Accounts Fees earned $809,500
Less Office expense 295,200
Miscellaneous expense 10,600
Wages expense 450,900
Net Income $52,800
Second step is to calculate the Change In Retained Earnings
Dividends $15,600
Net Income $52,800
Change In Retained Earnings $37,200
($52,800-$15,600)
Now let calculate retained earnings statement
Beginning retained earnings $340,000
Add Change In Retained Earnings $37,200
($52,800-$15,600)
Retained Earning May 31, 2018 $ $377,200
($340,000+$37,200)
Therefore the retained earnings statement for the year ended May 31, 2018 is $377,200
Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States?
a. The costs of over-fishing and other overly intensive uses of resources
b. The quality of goods available to consumers
c. Federal government paychecks to soldiers
d. The value of babysitting services, when the babysitter is paid in cash and the transaction isn't reported to the government
e. All the above
Answer:
E
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
6. Externalities
You are the executive vice president for Cooper Tire, the sixth largest U.S. tire maker. You have the responsibility to locate land for a new distribution center in Mississippi, and you own over 1,000 acres of land near one site in Tupelo. This could create for you:________.
A) a code of ethics.
B) the usual decision-making problems of cost versus benefit to Cooper Tire.
C) a wonderful, ethical opportunity to make a lot of money.
D) an ethical opportunity to move the distribution center to your hometown.
E) a conflict of interest.
Answer:
This could create for you:________.
E) a conflict of interest.
Explanation:
The conflict of interest will occur when, as the executive vice president for Cooper Tire, you decide to buy the land for your company from your own acres of land. It means that your personal interests (or family, friendships, financial, or other social factors) are being served, perhaps at the detriment of your employer's. In this situation, it is likely that you could compromise your judgment, decisions, or actions in the workplace by going ahead to acquire this land for your company because you want to serve your personal and community interests. However, you can avoid the conflict by clearly stating your positions to your company and allow other management staff to make the needed decision with regards to your land.
E2-7 (Assumptions, Principles, and Constraint) Presented below are a number of operational guidelines
and practices that have developed over time.
Instructions
Select the assumption, principle, or constraint that most appropriately justifies these procedures and practices.
(Do not use qualitative characteristics.)
(a) Fair value changes are not recognized in the accounting records.
(b) Financial information is presented so that investors will not be misled.
(c) Intangible assets are capitalized and amortized over periods benefited.
(d) Repair tools are expensed when purchased.
(e) Agricultural companies use fair value for purposes of valuing crops.
(f) Each enterprise is kept as a unit distinct from its owner or owners.
(g) All significant post-balance-sheet events are reported.
(h) Revenue is recorded at point of sale.
(i) All important aspects of bond indentures are presented in financial statements.
(j) Rationale for accrual accounting.
(k) The use of consolidated statements is justified.
(l) Reporting must be done at defined time intervals.
(m) An allowance for doubtful accounts is established.
(n) Goodwill is recorded only at time of purchase.
(o) A company charges its sales commission costs to expense.
Answer:
(a) Fair value changes are not recognized in the accounting records.
Category: Principle
Name: Measurement principle
(b) Financial information is presented so that investors will not be misled.
Category: Principle
Name: Full disclosure principle
(c) Intangible assets are capitalized and amortized over periods benefited.
Category: Principle
Name: Expense recognition principle
(d) Repair tools are expensed when purchased.
Category: Constraint
Name: Material constraint
(e) Agricultural companies use fair value for purposes of valuing crops.
Category: Principle
Name: Measurement principle
(f) Each enterprise is kept as a unit distinct from its owner or owners.
Category: Assumption
Name: Economic entity assumption
(g) All significant post-balance-sheet events are reported.
Category: Principle
Name: Full disclosure principle
(h) Revenue is recorded at point of sale.
Category: Principle
Name: Revenue recognition principle
(i) All important aspects of bond indentures are presented in financial statements.
Category: Principle
Name: Full disclosure principle
(j) Rationale for accrual accounting.
Category: Principle
Name: Expenses recognition principle and revenue
(k) The use of consolidated statements is justified.
Category: Assumption
Name: Economic entity assumption
(l) Reporting must be done at defined time intervals.
Category: Assumption
Name: Periodicity assumption
(m) An allowance for doubtful accounts is established.
Category: Constraint
Name: Conservatism constraint
(n) Goodwill is recorded only at time of purchase.
Category: Principle
Name: Measurement principle
(o) A company charges its sales commission costs to expense.
Category: Principle
Name: Expenses recognition principle
Because of specialization and comparative advantage, most people:_______
a. consume the products produced by their family and friends.
b. consume the products of many other specialists.
c. consume only what they produce themselves.
d. do not use money as a medium of exchange.
e. share whatever they produce
Answer:
B
Explanation:
A country (people) has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries (people).
According to economic theory, a person should specialise in the production of goods for which it has a comparative advantage.
If a person specialises only in the production of goods he specialises, he would not to buy other goods from specialists since she does not produce all the goods
The President of a company that produces an electronic gadget and sells it in a competitive market observed that the demand for the product is represented by a linear equation of the form P = 10 - .2Qd and the supply by P = .2Qs. He asked the Vice President for Marketing what P and Q will be at equilibrium?
Answer and Explanation:
The computation is shown below:
Demand is
P = 10 - 0.2Qd
And
supply is
P = 0.2QS
Now as we know that
Equilibrium would be
Qd = Qs = Q
So
10-0.2Q = 0.2Q
0.4Q = 10
Q = 25 units is the equilibrium quantity
and P = 0.2Q
= 0.2 × 25
= $5 is the equilibrium price
Work attitudes can be reflected in
an organization through
Select one:
a. All of these
b. Job satisfaction
Organisational Citizenship
Behaviour
d. Organizational commitment
= All of these
Answer:
Indeed it is A
Explanation: