Answer:
Here are the calculations for the liquidity ratios for Gerup Garments Inc. in 2021:
**Current Ratio**
Current Ratio = Current Assets / Current Liabilities
= $108,000 / $229,200
= 0.47
**Quick Ratio**
Quick Ratio = (Current Assets - Inventory) / Current Liabilities
= $108,000 - $48,000 / $229,200
= 0.36
**Accounts Receivable Turnover**
Accounts Receivable Turnover = Net Sales / Average Accounts Receivable
= $1,200,000 / ($60,000 + $54,000) / 2
= 10.5
**Days Sales Outstanding**
Days Sales Outstanding = 365 / Accounts Receivable Turnover
= 365 / 10.5
= 34.8 days
**Inventory Turnover**
Inventory Turnover = Cost of Goods Sold / Average Inventory
= $800,000 / ($48,000 + $54,000) / 2
= 12.5
**Average Days to Sell Inventory**
Average Days to Sell Inventory = 365 / Inventory Turnover
= 365 / 12.5
= 29.2 days
**Analysis**
Gerup Garments Inc.'s liquidity condition is weak. The current ratio is below 1, which means that the company's current assets are not enough to cover its current liabilities. The quick ratio is even lower, which means that the company's liquid assets are not enough to cover its current liabilities. The accounts receivable turnover is low, which means that the company is taking too long to collect its receivables. The days sales outstanding is high, which means that the company is taking too long to collect its receivables. The inventory turnover is low, which means that the company is holding too much inventory. The average days to sell inventory is high, which means that the company is holding too much inventory.
The company should take steps to improve its liquidity condition. It should try to collect its receivables more quickly. It should also try to reduce its inventory levels. If the company does not take steps to improve its liquidity condition, it may have difficulty meeting its financial obligations.
To understand the liquidity of a business, various ratios are calculated, including Current Ratio, Quick Ratio, Accounts Receivable Turnover, Days Sales Outstanding, Inventory Turnover, and Average Days to Sell Inventory. These calculations require specific figures such as Current Assets, Quick Assets, Accounts Receivables, Sales, Inventory, and Cost of Goods Sold. Without these values, it's impossible to calculate the specific ratios for Gerup Garments Inc.
Explanation:To assess the liquidity of Gerup Garments Inc., we need a few key data points which include Current Assets, Quick Assets, Accounts Receivables, Sales, Inventory, and Cost of Goods Sold (COGS). These figures are not provided in your question. However, I can explain how to use these figures to calculate the ratios.
The Current Ratio is calculated by dividing Current Assets by Current Liabilities. A number greater than 1 indicates good short-term financial health. The Quick Ratio is similar but it excludes inventory from your assets, as these can be less liquid than other assets. This is calculated by subtracting Inventory from Current Assets, then divided by Current Liabilities.
Accounts Receivable Turnover is calculated by dividing Net Credit Sales by Average Accounts Receivable, this assesses the effectiveness of the company's credit policies. Days Sales Outstanding shows the average number of days that receivables remain outstanding, calculated by dividing Accounts Receivable by Total Credit Sales and then multiply by 365.
Finally, Inventory Turnover is calculated by dividing COGS by Average Inventory. It measures how many times a company's inventory is sold and replaced over a period. Average Days to Sell Inventory is the reciprocal of Inventory Turnover ratio multiplied by 365, this shows the average length of time items are in inventory before they are sold.
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The following direct materials and direct labor data pertain to the operations of Laurel Company for the month of August. Costs Actual labor rate $14 per hour Actual materials price $260 per ton Standard labor rate $13. 50 per hour Standard materials price $262 per ton Quantities Actual hours incurred and used 4,600 hours Actual quantity of materials purchased and used 1,800 tons Standard hours used 4,640 hours Standard quantity of materials used 1,780 tons (a) Compute the total, price, and quantity variances for materials and labor
Materials: Total Variance = (Actual Quantity x Actual Price) - (Standard Quantity x Standard Price)
Total Variance = (1,800 tons x $260/ton) - (1,780 tons x $262/ton)
Total Variance = $468,000 - $465,160
Total Variance = $2,840 unfavorable
Price Variance = (Actual Quantity x Actual Price) - (Actual Quantity x Standard Price)
Price Variance = (1,800 tons x $260/ton) - (1,800 tons x $262/ton)
Price Variance = $468,000 - $471,600
Price Variance = $3,600 favorable
Quantity Variance = (Actual Quantity x Standard Price) - (Standard Quantity x Standard Price)
Quantity Variance = (1,800 tons x $262/ton) - (1,780 tons x $262/ton)
Quantity Variance = $471,960 - $465,160
Quantity Variance = $6,800 unfavorable
Labor:
Total Variance = (Actual Hours x Actual Rate) - (Standard Hours x Standard Rate)
Total Variance = (4,600 hours x $14/hour) - (4,640 hours x $13.50/hour)
Total Variance = $64,400 - $62,560
Total Variance = $1,840 unfavorable
Price Variance = (Actual Hours x Actual Rate) - (Actual Hours x Standard Rate)
Price Variance = (4,600 hours x $14/hour) - (4,600 hours x $13.50/hour)
Price Variance = $64,400 - $62,100
Price Variance = $2,300 favorable
Efficiency Variance = (Actual Hours x Standard Rate) - (Standard Hours x Standard Rate)
Efficiency Variance = (4,600 hours x $13.50/hour) - (4,640 hours x $13.50/hour)
Efficiency Variance = $62,100 - $62,160
Efficiency Variance = $60 favorable
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"The _____ is a list of components and number of each needed forfile cabinets that a manufacturing company will produce.Group of answer choicesA. material planB. finished productC. make-or-buy decisionE. bil"
The material plan is a list of components and number of each needed for file cabinets that a manufacturing company will produce.
"What is a material plan"? The material plan is a component of the production plan that is used to manage a company's raw materials, suppliers, and purchasing activities. It specifies which goods will be procured, when, and in what quantities. In other words, it's a detailed list of what the company wants to make, how much of each product is required, and when it's required. The material plan serves as the primary source of information for other manufacturing plans like the production plan, procurement plan, and master production schedule.
When developing a material plan, manufacturers must consider a number of factors, such as the level of product customization, raw material costs, production time, and delivery time.
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Identify the two primary causes of the price revolution of the sixteenth century. Primary Cause of the Price Revolution Drag appropriate answer(s) here European laborers struggled to buy enough to eat because European crops were shipped to the Americas as part of the Columbian exchange. Press Space to open Human populations grew significantly, but food production did not, resulting in substantial increases in food prices. Press Space to open An influx of silver and gold from the Americas decreased the value of European currencies, leading to significant price increases. Press Space to open European laborers earned much higher wages, as producers began to understand the true value of their work
The price revolution of the sixteenth century, which saw a significant increase in prices of goods and services across Europe, was caused by two primary factors: the increase in human populations and the influx of silver and gold from the Americas.
The growth of European populations during this time period put a strain on food production, leading to a substantial increase in food prices. As more people competed for limited resources, the cost of basic necessities rose, making it difficult for many laborers to afford to buy enough food to eat.
At the same time, the influx of silver and gold from the Americas caused a significant decrease in the value of European currencies. With more money in circulation, prices for goods and services began to rise, as people had more money to spend.
Together, these two factors created a perfect storm for the price revolution of the sixteenth century. While some groups, such as laborers, struggled to keep up with the rising costs of living, others were able to take advantage of the situation and earn higher wages as producers began to understand the true value of their work.
Overall, the price revolution of the sixteenth century was a complex phenomenon that was driven by a combination of economic, demographic, and social factors. By understanding the primary causes of this event, we can gain a better understanding of how economic systems and societies have evolved over time.
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A downward sloping demand curve can be explained by i. diminishing marginal utility. ii. diminishing marginal returns. iii. the substitution effect. iv. the income effect.
A downward sloping demand curve can be explained by i. diminishing marginal utility, iii. the substitution effect, and iv. the income effect.
A downward sloping demand curve can be explained by i. diminishing marginal utility, iii. the substitution effect, and iv. the income effect.
1. Diminishing marginal utility: This refers to the idea that as a consumer consumes more of a good, the additional satisfaction (or utility) they gain from each additional unit decreases. This causes the demand curve to slope downward because consumers are less willing to pay a high price for additional units of the good.
2. Substitution effect: As the price of a good increases, consumers may choose to substitute it with other similar goods that are relatively less expensive. This causes the demand curve to slope downward because an increase in price results in a decrease in the quantity demanded as consumers switch to alternative products.
3. Income effect: When the price of a good decreases, consumers' real income effectively increases (since they can now purchase more of the good with the same amount of money). As a result, consumers may choose to buy more of the good, causing the demand curve to slope downward as lower prices lead to an increase in the quantity demanded.
Note that option ii. diminishing marginal returns is not relevant to the demand curve, as it refers to the production side of the economy (i.e., how output changes as additional units of input are used in production).
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Leadership within large companies requires a balance of manypersonality traits. why is decision- making capabilities animportant leadership trait?a) leadership has all the information needed to make the decisions
b) someone needs to be accountable for the decisions made
c) decisions that are made by leadership have a profound impact on everyone
d) decisions are made everyday, and he sooner the bette
Decision-making capabilities are an important leadership trait within large companies because decisions that are made by leadership have a profound impact on everyone. The correct option is C.
Leadership refers to a person or group of people who hold the responsibility to direct or manage a group, organization, or country. Decision-making capabilities are an important trait for leadership within large companies because decisions that are made by leadership have a profound impact on everyone.
The decisions made by leaders have a ripple effect on employees, stakeholders, and the company itself. Thus, it is essential for leaders to have good decision-making capabilities. Because of the complexity of organizational decision making and the consequences of poor decisions, decision making is one of the most critical leadership competencies.
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suppose an individual is considering an investment in which there are exactly three possible outcomes, whose probabilities and payoffs are given below: outcomeprobabilitypayoffs a.3$100 b ?50 c.2? the expected value of the investment is $25. although all the information is correct, information is missing. refer to scenario 5.4. what is the variance of the investment?
Based on the given information, the probabilities and payoffs for each possible outcome of the investment are:
Outcome A: Probability = 3, Payoff = $100
Outcome B: Probability = ?, Payoff = -$50
Outcome C: Probability = 2, Payoff = ?
The expected value of the investment is $25, which means that the weighted average of the payoffs, taking into consideration the probabilities of each outcome, is $25.
To calculate the variance of the investment, we would need the missing information, which is the probability for outcome B and the payoff for outcome C. Once we have that information, we can use the following formula to calculate the variance:
Variance = Σ [ (Payoff - Expected Value)^2 * Probability ]
where Σ represents the summation symbol.
Without the missing information, it is not possible to calculate the variance of the investment. Please provide the complete information for all three outcomes (probabilities and payoffs) in order to accurately calculate the variance.
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Luke owns several relatively new business suits that he enjoys wearing. one day at the office, he notices an especially attractive suit worn by a coworker and decides he needs to buy a new suit. as described in this chapter, what type of problem recognition has taken place
Based on the given scenario, it can be said that Luke has experienced a "stimulus-driven problem recognition" while noticing an attractive suit worn by his coworker. Stimulus-driven problem recognition occurs when a consumer's attention is drawn to a particular product or service due to an external stimulus, such as an advertisement, a recommendation from someone else, or simply observing someone using a product. In this case, the coworker's attractive suit acted as a stimulus that grabbed Luke's attention and made him realize that he needed a new suit.
Stimulus-driven problem recognition is one of the three types of problem recognition that can occur in the consumer decision-making process. The other two types are "internal search" and "need-driven problem recognition." Internal search occurs when a consumer realizes a problem through his or her own past experiences and knowledge, while need-driven problem recognition occurs when a consumer experiences a gap between his or her desired and actual state of being.
In conclusion, Luke's problem recognition can be categorized as a stimulus-driven problem recognition, where an external stimulus triggered his need to buy a new suit. As a result, he might start looking for information and evaluating alternatives to find the most suitable suit that fits his preferences and budget.
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1. z, who has never married or had children, owns a home worth $175,000, which has a mortgage balance of $35,000. due to some finacial troubles, z is considering bankrupcy, but would like to not lose the investment in the house. under the homestead exemption act, what is the most z can protect? (a) 60000 (b) 30000 (c) in bankruptcy, none can be protected. (d) 125000 2. a woman has seven children and a husband. two of the children have married and moved away, the others are still living at home. under the utah exemption act, what exemption could she claim if she became involved in foreclosure proceedings on her home? (a) 60000 (b) 30000 (c) 4500 (d) 12000 3. to terminate a homestead, one would record: o (a) a notice of abandonment. (b) a termination of homestead. (c) a release of lien (d) a notice of release of homestead. 4. the only remedy for a mechanic's lien is: (a) injunction (b) home foreclosure (c) attachment (d) judgment 5. in order to place a mechanic's lien against a property, the person must be able to prove that: (a) his work or material was integrated into the property. (b) the work or materal was valued in excess of $2,000. (c) the work or material was ordered by a general contractor. (d) he is a licensed genreal contractor or sub-contractor.
Homestead exemption laws vary by state, but in this case, we can assume Z lives in a state with a homestead exemption of $125,000. This means that Z can protect up to $125,000 of equity in their home from creditors in the event of bankruptcy. Hence Option d is correct.
Utah's homestead exemption allows individuals to protect up to $60,000 of equity in their home from creditors in the event of foreclosure proceedings. Hence Option a is correct.
A notice of abandonment is recorded to terminate a homestead, indicating that the homeowner has voluntarily given up their homestead rights. Hence Option a is correct.
A mechanic's lien is a legal claim against a property that secures payment for work done or materials provided by a contractor or subcontractor. The only remedy for a mechanic's lien is to foreclose on the property. Hence Option b is correct.
In order to place a mechanic's lien against a property, the contractor or subcontractor must be able to prove that their work or materials have been incorporated into the property and that they have not been paid for that work or materials. The value of the work or materials and the licensing status of the contractor or subcontractor may also be factors depending on the state. Hence Option a is correct.
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a manufacturing process has a fixed cost of $180,000 per month. each unit of product being produced contains $30 worth of material and takes $40 of labor. how many units are needed to break even if each completed unit has a value of $100? (roundup your answer to the next whole number.)
The manufacturing process needs to produce 6,000 units to break even.
To calculate the break-even point, we need to find the total cost and the revenue for producing a certain number of units. The total cost is made up of fixed costs and variable costs, which include the cost of materials and labor. For each unit, the variable cost is $70 ($30 for materials and $40 for labor), and the revenue is $100.
So, we can calculate the contribution margin per unit by subtracting the variable cost from the revenue: $100 - $70 = $30. This means that for each unit produced, $30 goes towards covering the fixed costs.
To break even, we need to produce enough units to cover the fixed costs. So we can divide the fixed cost ($180,000) by the contribution margin per unit ($30) to get the number of units needed to break even: $180,000 / $30 = 6,000 units. Therefore, the manufacturing process needs to produce 6,000 units to break even.
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Accenture is involved in the transformation of an organization into a data driven and intelligent enterprice. which ability does accenture need to ensure the organization has to become a successful business
To ensure that an organization transforms into a data-driven and intelligent enterprise, Accenture has to follow Data Management, Analytics and Insights, Artificial Intelligence (AI) and Machine Learning, Data Security and Privacy, Change Management.
Accenture needs to focus on the following abilities:
1. Data Management: Accenture must ensure the organization has a robust data management strategy, including data collection, storage, and analysis processes that allow the organization to utilize data efficiently and effectively.
2. Analytics and Insights: Accenture should help the organization develop advanced analytical capabilities that enable data-driven decision-making and provide valuable insights into business performance, customer behaviors, and market trends.
3. Artificial Intelligence (AI) and Machine Learning: Accenture must facilitate the integration of AI and machine learning technologies to automate tasks, improve efficiency, and generate predictive insights that drive business growth.
4. Data Security and Privacy: Accenture needs to ensure that the organization has strong data security measures in place to protect sensitive information and maintain regulatory compliance.
5. Change Management: Accenture should assist the organization in implementing change management strategies that support a data-driven culture, including employee training, communication, and performance measurement.
By focusing on these abilities, Accenture can successfully help an organization transform into a data-driven and intelligent enterprise.
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1. In your opinion, what are the 2 advantages and disadvantages of expanding a Business Globally?
2. In your opinion are you think this is an ethical issue or not, If there are no women in the company Executive Team. Explain
The two advantages of expanding a business globally are access to new markets and Diversification. The two disadvantages of expanding a business globally are Increased competition and Cultural differences.
The two advantages of expanding a business globally are:
1. Access to new markets: Expanding a business globally provides access to new markets. By tapping into new markets, businesses can increase their customer base, which, in turn, will increase revenue and profits.
2. Diversification: By expanding globally, a business can diversify its operations. This provides a hedge against market downturns or other types of risk.
The two disadvantages of expanding a business globally are:
1. Increased competition: Expanding globally can lead to increased competition, as businesses will be competing against established businesses in new markets.
2. Cultural differences: The cultural differences between countries can pose a challenge for businesses expanding globally. In order to succeed, businesses must understand and adapt to these differences.
In my opinion, the absence of women in the company executive team is an ethical issue. By not having women on the executive team, a company is effectively denying women the opportunity to hold leadership positions within the organization. This is unfair and can lead to a lack of diversity of ideas and perspectives. Companies should strive to be inclusive and provide equal opportunities to all employees, regardless of gender.
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A product with a large number of parts that are shipped from suppliers scattered across the globe has high:.
A product with a large number of parts that are shipped from suppliers scattered across the globe has high supply chain complexity.
This complexity can pose significant challenges for the manufacturer, such as increased lead times, transportation costs, and potential supply chain disruptions.
Managing a complex supply chain requires strong communication and collaboration with suppliers, effective logistics management, and risk mitigation strategies. It also requires strong data management and analytics capabilities to enable effective decision-making and identification of areas for optimization.
Companies with complex supply chains may also consider investing in technology solutions, such as supply chain management software or automation, to improve efficiency and visibility across the supply chain.
Despite the challenges, a well-managed and optimized supply chain can result in improved product quality, reduced costs, and increased customer satisfaction.
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managers in oligopoly firms must group of answer choices eliminate any barriers to entry if they hope to make short-run profits. establish many varieties of their products to cover the spectrum of consumer tastes. advertise heavily in order to differentiate their product. anticipate the reaction of rival firms.
Managers in oligopoly firms must anticipate the reaction of rival firms. So the option D is correct.
In an oligopoly, firms have to anticipate the reaction of their rivals in order to make strategic decisions. This is because, unlike in a monopoly or a perfectly competitive market, the decisions of one firm will have a direct impact on the profits of its rivals.
For example, if one firm decides to lower its prices in order to gain a competitive advantage, its rivals will also likely reduce their prices in order to remain competitive.
As a result, the firm must consider the potential reaction of its rivals and weigh the potential benefits of a price reduction against the potential losses. So the option D is correct.
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The complete question is:
Managers in oligopoly firms must
Group of answer choices
A. eliminate any barriers to entry if they hope to make short-run profits.
B. establish many varieties of their products to cover the spectrum of consumer tastes.
C. advertise heavily in order to differentiate their product.
D. anticipate the reaction of rival firms.
What changes is the new CEO Martin planning to bring into Idle Time’s management practices?
In order to answer the question you need to add the choices so I can solve it properly.
Explanation:
Would you hire Ms. Jackson for a job at the FBI? Explain, in complete sentences, why or why not
Yes, I would hire Ms. Jackson for a job at the FBI as she has all the qualifications needed for the job.
The qualifications, experience and suitability of a candidate for the particular job requirements should be taken into account when making a hiring decision. To make sure the applicant is qualified for the position a thorough background check that includes criminal history may be part of the hiring process.
The choice to hire someone ultimately comes down to a number of variables, and it should be made by the proper hiring authority following a careful review of the applicant's qualifications and suitability for the position.
Ms. Jackson presented all of her skills and qualifications for the position in a very convincing manner. She offers solid recommendations and the names of officers who can vouch for her suitability for the position. She also demonstrates that she is a respectful, intelligent candidate which would persuade me to hire her.
The question is incomplete, complete question contains a resume "referring to the resume dropped, Would you hire Ms. Jackson for a job at the FBI? Explain, in complete sentences, why or why not."
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problem 13-05 charlotte's clothing issued a 4 percent bond with a maturity date of 16 years. five years have passed and the bond is selling for $770. assume that the bond pays interest annually. what is the current yield? round your answer to two decimal places. % what is the yield to maturity? use appendix b and appendix d to answer the question. round your answer to the nearest whole number. % if four years later the yield to maturity is 7 percent, what will be the price of the bond? use appendix b and appendix d to answer the question. round your answer to the nearest dollar. $
The yield to maturity for this bond is approximately 5%. The price of the bond four years later would be approximately $3,451
The current yield is the annual interest payment divided by the current market price of the bond, expressed as a percentage. In this case, the bond pays 4% annually, so the annual interest payment is $40 ($1,000 x 4%). The bond is selling for $770, so the current yield is 5.19% ($40/$770).
The yield to maturity is the rate of return the investor can expect if the bond is held until maturity. It takes into account the annual interest payments, as well as any capital gains or losses if the bond is bought at a premium or discount. To calculate the yield to maturity, we need to use Appendix B and Appendix D.
Using Appendix B, we can find the factor for a 16-year bond at 4% interest rate, which is 9.3502. Using Appendix D, we can find the present value factor for five years at 4% interest rate, which is 0.8227. Multiplying these two factors gives us 7.6957.
To find the yield to maturity, we need to solve for the interest rate that will make the present value of the bond's future cash flows equal to its current price. We can use a financial calculator or an Excel formula to do this. The yield to maturity for this bond is approximately 5% (rounded to the nearest whole number).
If four years later the yield to maturity is 7%, we need to recalculate the price of the bond using the new discount rate. Using Appendix B, we can find the factor for a 12-year bond at 7% interest rate, which is 6.7846.
Using Appendix D, we can find the present value factor for nine years at 7% interest rate, which is 0.5084. Multiplying these two factors gives us 3.4509.
To find the price of the bond, we multiply this factor by the bond's face value of $1,000. The price of the bond four years later would be approximately $3,451 (rounded to the nearest dollar).
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The customer segment known as ______ enjoy testing product prototypes and providing voluntary feedback that companies use to perfect their products. multiple choice question.
The customer segment known as "early adopters". enjoy testing product prototypes and providing voluntary feedback that companies use to perfect their products.
The customer segment known as "early adopters" enjoy testing product prototypes and providing voluntary feedback that companies use to perfect their products.
Early adopters are a group of customers who are eager to try out new products and technologies, often before they become widely available to the general public. They are known for their willingness to take risks, their enthusiasm for innovation, and their eagerness to provide feedback to companies.
Companies often rely on early adopters to help them refine their products and identify potential issues before launching them to a wider audience.
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Correct question:
The customer segment known as ______ enjoy testing product prototypes and providing voluntary feedback that companies use to perfect their products.
A company is considering the purchase of new equipment for $84,000. The projected annual net cash flows are $33,300. The machine has a useful life of 3 years and no salvage value. Management of the company requires a 9% return on investment. The present value of an annuity of $1 for various periods follows: PeriodPresent value of an annuity of $1 at 9. 917421. 759132. 5313 What is the net present value of this machine assuming all cash flows occur at year-end
Since the NPV is negative, it means that the investment in the new equipment is not worth it as the cost of the investment exceeds the present value of the expected cash flows. The company should consider other options or reassess their projections before making a decision on purchasing the equipment.
To calculate the net present value (NPV) of this machine, we need to discount the projected annual net cash flows back to their present value using the present value of an annuity of $1 for each year.
First, we need to calculate the total discounted cash flows for each year:
Year 1: $33,300 / 0.9174 = $36,288.47
Year 2: $33,300 / 1.7591 = $18,917.31
Year 3: $33,300 / 2.5313 = $13,157.62
Next, we need to calculate the total discounted cash flows over the 3-year period:
Total discounted cash flows = $36,288.47 + $18,917.31 + $13,157.62 = $68,363.40
Now, we can calculate the net present value by subtracting the initial cost of the machine from the total discounted cash flows:
NPV = $68,363.40 - $84,000 = -$15,636.60
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Supercar Corporation issues smartphones to some employees. The value of each smartphone is $500. About 250 smartphones have been issued. In the past two years, the company has lost 24 smartphones due to breakage. Supercar can purchase an insurance policy for each phone that costs $4 a month per phone. If the phone is damaged beyond repair, the insurance company will replace the entire phone. Does it make sense for Supercar to buy insurance for each phone at this price
Based on the provided information, it does not make sense for Supercar Corporation to buy insurance for each phone at this price. since the expected cost of replacing 12 phones without insurance is lower than the cost of insurance for all phones.
How do we find out the expected cost of replacing 12 phones without insurance?We shall first calculate the total value of all the smartphones issued by Supercar Corporation:
Total value of smartphones = $500 x 250 = $125,000
Next, we calculate the cost of insurance for each phone:
Insurance cost per phone per month = $4
Insurance cost per phone per year = $4 x 12 = $48
Total insurance cost for all phones per year = $48 x 250 = $12,000
According to the given information, since the past two years, the company has lost 24 smartphones due to damages.
Let's assume that the probability of a phone being lost due to breakage is the same for all phones, we can calculate the expected number of phones that will be lost in a year:
Expected number of phones lost per year = 24 / 2 = 12
Now, we need to compare the expected cost of replacing 12 phones without insurance to the cost of paying for insurance for all 250 phones:
Expected cost of replacing 12 phones without insurance = 12 x $500 = $6,000
Cost of insurance for all phones per year = $12,000
Since the expected cost of replacing 12 phones without insurance is lower than the cost of insurance for all phones, it does not make sense for Supercar Corporation to buy insurance for each phone at the price.
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an american firm operating in the middle east struggles with enforcing rules against sexual discrimination against muslim women working in its management. this is an example of: group of answer choices ethical relativism ethical responsibility ethical imperialism ethical institution
An American firm operating in the middle east struggles with enforcing rules against sexual discrimination against Muslim women working in its management. This is an example of Ethical Responsibility. So the option B is correct.
Ethical responsibility is a cornerstone of any successful business, and it is especially important for American firms operating in the Middle East. It is essential that American firms operating in the Middle East understand the local culture, including religious and cultural norms, and ensure that all employees are treated fairly and equally.
This includes making sure that there is no sexual discrimination against Muslim women in management positions. This means that an American firm operating in the Middle East must have policies and procedures in place that protect women from any form of sexual discrimination.
This includes providing equal opportunities for women to advance in the workplace, and ensuring that any decisions made do not disadvantage women due to their gender. So the option B is correct.
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The complete question is:
An American firm operating in the middle east struggles with enforcing rules against sexual discrimination against Muslim women working in its management. This is an example of:
Group of answer choices
A. ethical relativism
B. ethical responsibility
C. ethical imperialism
D. ethical institution
The modified accelerated cost recovery system (macrs): multiple choice is not acceptable for financial reporting. is an outdated system that is no longer used by companies. is required for financial reporting. is identical to units of production depreciation. does not allow partial year depreciation.
The modified accelerated cost recovery system MACRS: is not acceptable for financial reporting. The correct option is A.
The Modified Accelerated Cost Recovery System (MACRS) is a tax depreciation system used by companies for tax purposes.
It is not required for financial reporting, but it is often used as a guide for determining the useful life and depreciation of assets. MACRS allows companies to deduct the cost of an asset over a predetermined period of time, typically between 3 and 39 years, depending on the type of asset. It is not identical to units of production depreciation, as MACRS uses a different calculation method.
Additionally, MACRS does allow for partial year depreciation, which can be useful for companies that acquire assets during the middle of a tax year. While MACRS is not the only depreciation method available to companies, it remains a popular choice due to its simplicity and tax benefits. The correct option is A.
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Isaac purchased a new car in 2004 for \$16,900$16,900. the value of the car has been depreciating exponentially at a constant rate. if the value of the car was $1,400$1,400 in the year 2012, then what would be the predicted value of the car in the year 2017, to the nearest dollar?
The predicted value of a car in 2017, was purchased for $16,900 in 2004 and had a value of $1,400 in 2012, with the value depreciating exponentially at a constant rate.
To find the predicted value, we can use the exponential decay formula:
V(t) = P * (1 - r)^t
where V(t) is the value at time t, P is the initial value, r is the decay rate, and t is the time period. We need to find the rate r and then apply it to the time period between 2004 and 2017.
First, let's find the decay rate using the 2012 value:
1,400 = 16,900 * (1 - r)^(2012 - 2004)
Solve for r:
(1 - r)^8 = 1,400/16,900 ≈ 0.08284024
Taking the 8th root of both sides:
1 - r ≈ 0.8799249
r ≈ 0.1200751
Now, we can use this rate to predict the value in 2017:
V(2017 - 2004) = 16,900 * (1 - 0.1200751)^(2017 - 2004)
V(13) ≈ 16,900 * (0.8799249)^13
V(13) ≈ 914.69
So, the predicted value of the car in 2017, to the nearest dollar, would be approximately $915.
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Jenny lee is an appliance salesperson. To make a sale, she asserts that a certain model of a kitchen helper refrigerator is the "best one ever made. " this is:.
Jenny Lee's assertion that a certain model of a kitchen helper refrigerator is the "best one ever made" is an example of puffery.
Puffery is a marketing technique that involves the use of exaggerated or vague statements that are not intended to be taken literally. In this case, Jenny is not making a specific claim about the performance or features of the refrigerator. Rather, she is using hyperbole to create a positive impression of the product in the minds of potential customers.
Puffery is not considered to be false advertising because it is not meant to deceive or mislead consumers, and it is generally understood to be an expression of the seller's opinion rather than a factual claim. However, if Jenny were to make specific claims about the performance or features of the refrigerator that were not true, then that would be considered false advertising and could result in legal action.
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requires a large minimum deposit;  very liquid ; interest rate usually higher than traditional savings – – are characteristic of which type of savings?
a. CD (certification of deposit)
b. savings bond.
c. Money market accounts.
d. Traditional savings accounts.
Answer:
c. Money market accounts.
I formulate a linear optimization problem. I am told that the shadow price of one of my constraints is 10. This is the only information I have from the sensitivity report for this problem. Which of the following statement is true?
a) If I increase the right-hand side of this constraint within the allowable increase, the optimal objective value increases. b) If I decrease the right-hand side of this constraint, I always need to resolve the problem in order to evaluate the change in the optimal objective value. c) If I increase the right-hand side of this constraint, the optimal solution is unchanged. d) I don't have enough information to conclude that any of these statements are true.
In a linear optimization problem where shadow price of one of constraints is 10, the statement which is true is if ‘I increase the right-hand side of this constraint within the allowable increase, the optimal objective value increases’. Therefore, the correct option is A.
The shadow price of a constraint represents the rate at which the optimal objective function value changes with respect to a small increase in the right-hand side of the constraint. A positive shadow price means that if the constraint is relaxed (i.e., its right-hand side is increased), the optimal objective value will increase.
Therefore, the true statement about the linear optimization problem is A: If I increase the right-hand side of this constraint within the allowable increase, the optimal objective value increases. This is true because the shadow price of the constraint is 10, which indicates that for each unit increase in the right-hand side of the constraint, the optimal objective value will increase by 10 units, as long as it remains within the allowable increase range.
Statement b) is not always true since it depends on whether the relaxed constraint becomes binding or not. Statement c) is not true because increasing the right-hand side of a constraint can lead to a different optimal solution if other constraints become binding. Statement d) is not true because we have enough information about the shadow price to make a conclusion.
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Sheridan Company purchased machinery on January 1, 2020, for $85,600. The machinery is estimated to have a salvage value of $8,560 after a useful life of 8 years.
New attempt is in progress. Some of the new entries may impact the last attempt grading. Your answer is incorrect.
Compute 2020 depreciation expense using the sum-of-the-years'-digits method.
Depreciation expense $enter Depreciation expense in dollars
The depreciation expense for the year 2020 using the sum-of-the-years'-digits method is $16,854.40.
To compute the 2020 depreciation expense using the sum-of-the-years'-digits method, we need to follow these steps:
Step 1: Calculate the total number of years of the asset's useful life. In this case, the asset's useful life is 8 years.
Step 2: Compute the sum of the digits of the years of the asset's useful life. For example, in the case of an 8-year useful life, the sum of the digits is 1+2+3+4+5+6+7+8, which equals 36.
Step 3: Determine the depreciation rate for the asset by taking the number of years of remaining useful life at the beginning of each year and dividing it by the sum of the digits calculated in Step 2. In this case, the depreciation rate for the first year is 8/36, which equals 0.2222.
Step 4: Calculate the depreciation expense for the first year by multiplying the depreciation rate calculated in Step 3 by the cost of the asset minus the salvage value. In this case, the depreciation expense for the first year is (0.2222) x ($85,600 - $8,560), which equals $16,854.40.
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Mycrofiber is a producer of microfiber material for the auto detailing industry. Jamal, the owner of Mycrofiber is highly skilled in the technical and manufacturing areas, but does not understand pricing. Jamal knows he wants to cover the cost of production when selling his material and needs revenue to cover his overhead costs and to make a profit. To be sure he meets these goals, Jamal decides to take a cost-based pricing approach and wants to achieve a 50% margin on sales. If MycroFiber's cost of production is $4 a square yard, Jamal will price his material at:
a. $6 a square yard.
b. $8 a square yard.
c. $4 a square yard.
d. $2 a square yard
The price at which Jamal should sell his material is $6 a square yard. Answer (a) is correct.
To achieve a 50% margin on sales, Mycrofiber needs to add a markup of 100% to its cost of production.
Markup = (Desired Margin/100) * Cost of Production
Markup = (50/100) * $4 = $2
The selling price will be the cost of production plus the markup:
Selling Price = Cost of Production + Markup
Selling Price = $4 + $2 = $6
Therefore, the price at which Jamal should sell his material is $6 a square yard. Answer (a) is correct.
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The Tsetsekos Company was planning to finance an expansion. The principal executives of the company all agreed that an industrial company such as theirs should finance growth by means of common stock rather than by debt. However, they felt that the current $36 per share price of the company's common stock did not reflect its true worth, so they decided to sell a convertible security. They considered a convertible debenture but feared the burden of fixed interest charges if the common stock did not rise enough in price to make conversion attractive. They decided on an issue of convertible preferred stock, which would pay a dividend of $1. 80 per share. AThe conversion ratio will be 1. 0; that is, each share of convertible preferred can be converted into a single share of common. Therefore, the convertible's par value (and also the issue price) will be equal to the conversion price, which in turn will be determined as a premium (i. E. , the percentage by which the conversion price exceeds the stock price) over the current market price of the common stock. What will the conversion price be if it is set at an 11% premium? Round your answer to the nearest cent. $ At a 25% premium? Round your answer to the nearest cent
At an 11% premium, the conversion price would be $39.96 per share and at a 25% premium, the conversion price would be $45 per share.
The Tsetsekos Company has decided to issue convertible preferred stock to finance their expansion plans. The conversion ratio will be 1.0, meaning that each share of convertible preferred stock can be converted into one share of common stock.
The issue price of the convertible preferred stock will be equal to the conversion price, which will be determined as a premium over the current market price of the common stock.
If the conversion price is set at an 11% premium, we can calculate it as follows:
Conversion price = current market price of common stock x (1 + premium)
= $36 x (1 + 0.11)
= $39.96
Therefore, the conversion price will be $39.96 per share if set at an 11% premium.
If the conversion price is set at a 25% premium, we can calculate it as follows:
Conversion price = current market price of common stock x (1 + premium)
= $36 x (1 + 0.25)
= $45
Therefore, the conversion price will be $45 per share if set at a 25% premium.
By issuing convertible preferred stock, the Tsetsekos Company is able to raise capital while still retaining some control over the stock price.
If the stock price rises above the conversion price, holders of the convertible preferred stock may choose to convert their shares into common stock, which would further dilute the ownership of the original stockholders.
However, the company is protected from the burden of fixed interest charges that would have come with issuing a convertible debenture.
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assume a city called macroland, where the total population is 200000. of that 130,000 are people between the ages of 18 and 65. in the month of january in macroland, the number of people in the 18 to 65 years old group that have jobs are 90,000 people, the number in that age group looking for jobs are 12,000 people. answer all parts to the question for the population between ages of 18 and 65 only. you may type the answer on text if possible or upload a file. a. how many people are in the labor force? b. how much is the unemployment rate ? c. how much is the labor force participation rate? now assume in the month of february in macroland there were some changes in the labor market. of the people who were employed, 7000 lost their jobs but only 6500 of the 7000 who lost jobs started looking for jobs. of the people in january who were unemployed, 2200 got jobs, and 895 stopped looking for jobs. d. given the changes, what is the labor force of macroland in february? e. how much is the unemployment rate in february? f. how much is the labor force participation rate in february? g. how many discouraged workers were there for changes between january and february?
Based on the details a city called macroland, where the total population is 200000. A negative value for discouraged workers is not meaningful, so we assume there were 0 discouraged workers in February.
The labor force is the sum of employed and unemployed individuals, which is 90,000 + 12,000 = 102,000 people.
The unemployment rate is the ratio of unemployed individuals to the labor force, which is 12,000 / 102,000 = 0.1176 or 11.76%.
The labor force participation rate is the ratio of the labor force to the total population in the age group, which is 102,000 / 130,000 = 0.7846 or 78.46%.
The labor force in February is the sum of employed and unemployed individuals in that month. We know that 7,000 lost their jobs, but only 6,500 started looking for jobs, so there are 500 fewer employed individuals. Also, 2,200 unemployed individuals got jobs, so there are 2,200 fewer unemployed individuals. Finally, 895 people stopped looking for jobs, which means they are no longer part of the labor force. Therefore, the labor force in February is 102,000 - 500 - 2,200 - 895 = 98,405 people.
The unemployment rate in February is the ratio of unemployed individuals to the labor force, which is (12,000 - 2,200) / 98,405 = 0.097 or 9.7%.
The labor force participation rate in February is the ratio of the labor force to the total population in the age group, which is 98,405 / 130,000 = 0.7577 or 75.77%.
Discouraged workers between January and February is 895 - 6500 = -5,605.
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A company whose parent operations ate baded in kenya hg as establish a branch in Tanzania wjose financial year ends the same year as the calendar year. The expenses paid at the branch during the year amounted to Tsh 18,000,000. The following information is also available at the branch. (1) accrued expenses amounted to Tsh 15,000,000 (2) prepaid expenses amounted to Tsh 18,000,000. (3) non- current assets of Tsh 120,000,000. The exchange rate available in are l: historic rate( 1Ksh,= Tsh15), closing rate( 1Ksh=Tsh10), average rate ( 1Ksh=Tsh12), actual rate(1Ksh=Tsh11. 82). Compute the amount of expenses in the currency of the head office ( use presentation method)
To compute the amount of expenses in the currency of the head office, we need to convert the Tanzanian shilling amounts to Kenyan shillings using the appropriate exchange rate. If the company uses the historical rate method, expenses will be converted at the exchange rate prevailing at the time the transactions occur.
Using the historical rate method, the expenses paid at the branch amount to Ksh 2,700,000 (18,000,000/15). The accrued expenses of Tsh 15,000,000 would be converted at the historical rate of 1Ksh=Tsh15, giving a Kenyan shilling equivalent of Ksh 1,000,000. The prepaid expenses of Tsh 18,000,000 would also be converted at the historical rate, giving a Kenyan shilling equivalent of Ksh 1,200,000. The non-current assets of Tsh 120,000,000 would be converted at the historical rate, giving a Kenyan shilling equivalent of Ksh 8,000,000.
Using the closing rate method, the expenses paid at the branch would be converted at the closing rate of 1Ksh=Tsh10, giving a Kenyan shilling equivalent of Ksh 1,800,000. The accrued expenses of Tsh 15,000,000 and prepaid expenses of Tsh 18,000,000 would also be converted at the closing rate, giving Kenyan shilling equivalents of Ksh 1,500,000 and Ksh 1,800,000 respectively. The non-current assets of Tsh 120,000,000 would be converted at the closing rate, giving a Kenyan shilling equivalent of Ksh 12,000,000. Using the average rate method, the expenses paid at the branch would be converted at the average rate of 1Ksh=Tsh12, giving a Kenyan shilling equivalent of Ksh 2,160,000. The accrued expenses of Tsh 15,000,000 and prepaid expenses of Tsh 18,000,000 would also be converted at the average rate, giving Kenyan shilling equivalents of Ksh 1,250,000 and Ksh 1,500,000 respectively. The non-current assets of Tsh 120,000,000 would be converted at the average rate, giving a Kenyan shilling equivalent of Ksh 10,000,000.
Using the actual rate method, the expenses paid at the branch would be converted at the actual rate of 1Ksh=Tsh11.82, giving a Kenyan shilling equivalent of Ksh 2,043,600. The accrued expenses of Tsh 15,000,000 and prepaid expenses of Tsh 18,000,000 would also be converted at the actual rate, giving Kenyan shilling equivalents of Ksh 1,267,857 and Ksh 1,523,810 respectively. The non-current assets of Tsh 120,000,000 would be converted at the actual rate, giving a Kenyan shilling equivalent of Ksh 10,071,429.In conclusion, the amount of expenses in the currency of the head office will depend on the accounting policy of the company and the exchange rate used. The presentation method used will determine the amount of expenses converted at historical, closing, average, or actual rates.
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