Revenue Objectives
Driving revenue and proving consistent profitability is a major goal for any business. Without profits, the business simply is not viable. Creating revenue consistently is a great sign for the life of a business.
Operational Objectives
Operations are critical to keep everything running. Important objectives include human resources processes, accounting objectives to make payroll and billing statements on-time and daily tasks for each job role. Without sound operational objectives being met, achieving revenue goals is difficult.
Productivity and Performance
Maximizing employee productivity and performance drives revenue. Setting goals for the year, each quarter and even the month or week is a good start. Adding incentive for meeting objectives will also increase performance and productivity.
Customer Satisfaction
The customer is top priority and delivering satisfaction is a major objective. Survey the customers and make an objective to always look for ways to improve. Happy customers leave positive reviews, spread positive word of mouth and are more likely to repeat business.
Employee Health
While production and performance are important, employee health is a major objective for many businesses. Fair compensation and benefits are goals every business should strive to meet. Happy and healthy employees are often more productive as well.
Contingency Objectives
Unexpected events can break a business without contingency plans. A contingency is something a business cannot prevent. A key employee does not show up for work, a natural disaster strikes and halts production, the economy crashes. How will your business survive? Create a series of contingency objectives to prepare for the worst case scenarios.
Growth Objectives
Growing a business requires a series of objectives to scale effectively. Objectives to replicate processes and manage hiring, after meeting sales goals and revenue benchmarks, is a necessary objective.
Management and Leadership
Hiring and developing effective managers and business leaders is a key objective. Leadership upholds the core values and drives the business to success. Businesses focused on developing the best possible leadership as a primary objective are on a positive track.
Minimizing Turnover
Employee turnover slows business by making ongoing hiring and training a necessity. Make it an objective to retain employees. Investing more upfront in each employee saves the time required to train and hire new employees.
Automate When Possible
Automation and delegation are both great objectives. Simple tasks that can be completed efficiently will ultimately save time and direct high level focus to more important tasks.
The following items are taken from the financial statements of the Sage Service for the year ending December 31, 2020: Accounts payable $ 17800 Accounts receivable 11200 Accumulated depreciation – equipment 28000 Advertising expense 20800 Cash 15300 Owner’s capital (1/1/20) 42900 Owner’s drawings 13700 Depreciation expense 12300 Insurance expense 3100 Note payable, due 6/30/21 69700 Prepaid insurance (12-month policy) 6200 Rent expense 17000 Salaries and wages expense 32000 Service revenue 132800 Supplies 4000 Supplies expense 5800 Equipment 209300 What are total long-term liabilities at December 31, 2020?
Answer:
$0
Explanation:
The computation of the long term liabilities is shown below:
As we know that the long term liabilities are the liabilities which are due for the next months
In the given question, there is a note payable which is due on June 30, 2021 and we have to find the long term liabilities for Dec 31,2020 so it is made only 6 months but we required 12 months So the note payable is treated as a current liabilities
So, the amount should be $0 in this case
Due to population shifts, Select one: a. businesses that cater to older consumers will see slower growth. b. health care will emerge as the only business sector that will grow. c. businesses that sell electronic devices will see a significant decline. d. businesses that cater to older consumers will see higher growth.
Answer: d. businesses that cater to older consumers will see higher growth
Explanation:
The trend in the Developed World is that of lower birth rates and higher life expectancies. This has and will keep leading to more of the population being from the Older generation. This is a population shift towards the older generation.
Should this happen, Businesses and products that were made for the older generation will see their business grow as they will have more customers which equates to more demand which equates to higher profitability.
A small manufacturing company is considering purchasing a maintenance contract for its air conditioning systems. Since all of its systems are new, the company plans to begin the contract in year one and continue through year ten. The cost of the contract is $3,200 per year and the company's minimum attractive rate of return is 12% per year. The present worth of the contract is nearest to
Answer:
$18,080.71
Explanation:
This can be computed by using the formula for calculating the present value of an ordinary annuity as follows:
PV = P × [{1 - [1 ÷ (1 + r)]^n} ÷ r] …………………………………. (1)
Where;
PV = Present value or worth of the contract?
P = yearly cost of the contract = 3,200
r = annual rate of return = 12%, or 0.12
n = number of years = 10
Substitute the values into equation (1) to have:
PV = $3,200 × [{1 - [1 ÷ (1 + 0.12)]^10} ÷ 0.12]
PV = $3,200 × 5.65022302841087
PV = $18,080.71
Therefore, the present worth of the contract is nearest to $18,080.71.
An example of an inventory accounting policy that should be disclosed in Summary of Significant Accounting Policies is the:_________ . a. amount of income resulting from the involuntary liquidation of LIFO b. major backlogs of inventory orders. c. method used for pricing inventory. d. division of inventory by raw materials, work-in-process, finished goods.
Answer:
Option C
Explanation:
The overview of important accounting rules is a portion of the end notes that accompanies the financial statements of an company, outlining the key policies that the finance department is following. The policy overview is prescribed by the accounting system in force (like the GAAP or IFRS).
The approach a corporation uses to assess the inventory expense (inventory valuation) affects the financial reports explicitly. Thus, it should be depicted in summary of accounting policies.
The one that exemplifies an inventory accounting policy would be:
C). method used for pricing inventory.
Inventory PolicyThe financial statement at the end of the accounting books exemplifies one of the significant rules of accounting.
This highlights the major policies to be followed by the company and its finance team.
The outline of policies acting are provided through this and hence, they will help in offering the method for pricing of inventory in the firm.
Thus, option C is the correct answer.
Learn more about "Inventory" here:
brainly.com/question/14184995
Phineas is an agent assigned to scout out professional players for a football team. One player he brings in has a drug problem, which Phineas knows about but does not disclose to the hiring team. If the player is selected, which of the following is true?
1. Phineas has not breached a duty to his principal.
2. Phineas has breached his duty of accounting only.
3. Phineas has breached more than one of his duties.
4. Phineas has breached his duty of notification only.
Answer:
3. Phineas has breached more than one of his duties.
Explanation:
According to the given situation, Phineas is an agent appointed to a football team to scout out professional players. One player he brings in has a drug addiction that Phineas truly understands but does not reveal to the recruiting team.
Here Phineas is breached more than one of his duties as he has the duty to inform the hiring team or the information should be got by the third party or by any other source but he is not revealing the information to the hiring team
So, the correct option is Phineas has breached more than one of his duties.
Computing Cost of Manufactured and Sold Goods
Compute the cost of goods manufactured and cost of goods sold for Strike Marine Company for the most recent year using the amounts described below. Assume that raw materials inventory contains only direct materials.
Beginning of End of End of
Year Year Year
Raw materials inventory
$25,000
$28,000
Insurance on plant
$9,000
Work in process inventory
$50,000
$35,000
Depreciation plant building and equipment
$13,000
Finished goods inventory
$18,000
$25,000
Repairs and maintenance
$4,000
Purchases of direct materials
$78,000
Marketing expenses
$77,000
Direct labor
$82,000
General and administrative expenses
$29,000
Indirect labor
$15,000
Answer:
Cost of Goods Manufactured $ 213,000
Cost of Goods Sold $ 206,000
Explanation:
If we add and subtract the following amounts in the correct order we get the Cost of Goods Manufactured and Sold Statement .
Strike Marine Company
Cost of Goods Manufactured and Sold Statement
Raw materials inventory Beginning $25,000
Add Purchases of direct materials $78,000
Less Raw materials inventory Ending $28,000
Direct Materials Used $ 75000
Direct labor $82,000
Manufacturing Overheads $ 41,000
Insurance on plant $9,000
Depreciation plant building and equipment $13,000
Indirect labor $15,000
Repairs and maintenance $4,000
Total Manufacturing Costs 198,000
Add Work in process inventory Beginning $50,000
Cost of Goods Available for Manufacture $ 248,000
Less Work in process inventory Ending $35,000
Cost of Goods Manufactured $ 213,000
Add Finished goods inventory Beginning $18,000
Cost of Goods Available for Sale 231,000
Less Finished goods inventory Ending $25,000
Cost of Goods Sold $ 206,000
The Manufacturing Overheads includes all the indirect expenses related to the manufacture of the product such as the indirect labor , the insurance and depreciation of plant and also the repairs.
The following are operating expense and included in the income statement not in the Cost of Goods Manufactured and Sold Statement. These relate to marketing and selling department.
Marketing expenses $77,000
General and administrative expenses $29,000
sadik inch's bonds currently sell for $1,300 and have a par value of $1,000. They pay a $105 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,100. What is their yield to call
Answer:
5.31%
Explanation:
For computing the yield to call we need to use the RATE formula i.e shown in the attachment below:
Given that,
Present value = $1,300
Future value or Face value = $1,100
PMT = 105
NPER = 5 years
The formula is shown below:
= Rate(NPER;PMT;-PV;FV;type)
The present value come in negative
So, after applying the above formula, the yield to call is 5.31%
Use the minimax method to find all of the pure-startegy Nash equilibria for the following zero-sum games. Then, check your answer by using the iterated elimination of strictly dominated strategies method.
a.
Left Right
1 4
2 3
b.
Left Middle Right
5 3 2
6 4 3
1 6 2
Sides are:______
a. Up Down
b. Up Middle Down
Answer:
b
Explanation:
i dont really know,can someone explain to mee
Duke Company's records show the following account balances at December 31, 2016:
Sales...................... $15,000,000
Cost of Goods Sold...$9,000,000
General and Administrative expenses... $1,000,000
Selling Expenses........ $500,000
Interest expense........... $700,000
Income tax expense has not yet been determined.
The following events also occurred during 2016. All transactions are material in amount.
1. $300,000 in restructuring costs were incurred in connection with plant closings.
2. Inventory costing $400,000 was written off as obsolete. Material losses of this type are considered to be unusual.
3. It was discovered that depreciation expense for 2015 was understated by $50,000 due to mathematical error.
4. The company experienced a foreign currency translation adjustment loss of $200,000 and had unrealized gains on investments of $180,000.
Required: Prepare a single, continuous multistep statement of comprehensive income for 2016. The company's effective tax rate on all items affecting comprehensive income is 40%. Each component of other comprehensive income should be displayed net of tax. Ignore EPS disclosures.
Answer:
a single, continuous multi-step statement of comprehensive income for 2016
Sales $15,000,000
Cost of Goods Sold ($ 9,400,000)
Gross Profit $5,600,000
Less Expenses
General and Administrative expenses. ($1,030,000)
Selling Expenses ($500,000)
Interest expense ($700,000)
Net Income before tax $3,370,000
Income tax expense at 40% ($ 1,348,000)
Net Income after tax $ 2,022,000
Explanation:
First make the adjustments that affect the Income Statement as follows :
Item 2. Obsolete Inventory
Cost of Goods Sold = $9,000,000 + $400,000 = $ 9,400,000
Reason : Correction of Costs of Sales that has been understated.
Item 3. Depreciation
General and Administrative expenses = $1,000,000 + $50,000 = $1,050,000
Reason : Correction of Depreciation Expenses that was understated.
Item 4. Gains and Loses
General and Administrative expenses = $1,050,000
foreign currency translation loss = ($200,000)
unrealized gains on investments = $180,000
General and Administrative expenses = $1,030,000
Note : Item 1 is a Capital Expenditure.
The company can choose to buy a back-up machine for Step C for an additional $20,000. The back up would also have a reliability of 0.915, just like the one that is presently used. If they decide to get this back-up machine, what will the new reliability of the system be? Assume that once a machine malfunctions, the process continues to produce product, acceptable and defective. Use THREE decimal places in you calculations.
The complete question is:
A certain company produces 10,000 tables per year in a three-step process. The three steps in the process employ machines with the reliabilities listed here:
Step A - 0.987 Step B – 0.979 Step C – 0.915
Answer:
New reliability= 0.9593 ~ 0.959
Explanation:
Reliability is used in manufacturing process to ensure that a process produces the same level of output consistently. A process is reliable if it achieves the same results everytime.
Reliability can be applied to individuals, data, processes, and products.
In this instance we are to calculate the new reliability of the backup system.
Reliability of step C is 0.915
New reliability= 1 - (1- 0.915)^2
New reliability= 0.992775
Multiply this value by the reliability in step A and B to get system reliability
System reliability= 0.992775 * 0.987 * 0.979
System reliability= 0.9593
Which of the following is long-term debt instrument that requires t5he issuer to repay the lender in regular interest payments until the loan is repaid on or before the specified maturity rate?
A. A bond
B. Trade credit
C. A Treasury bill
D. Commercial paper
E. A certificate of deposit
Answer:
The answer is option (a) Bond
Explanation:
Solution
A Bond : It refers to as an investment securities where an investor borrows money to an organization or a government for a an amount of time, in exchange for consistent interest payments.
Once the bond approaches maturity, the issuer of the bond returns the investor’s money.
Another term used in describing bonds are fixed income. since your investment gains fixed payments over the life of the bond.
Bond is the long-term debt instrument that requires the issuer to repay the lender in regular interest payments until the loan is repaid.
A bond is a debt instrument of issued by bond investor to the interested party (like private investors, government etc)
Hence, the long-term debt instrument that requires the issuer to repay the lender in regular interest payments until the loan is fully repaid is called Bond..
Therefore, the Option A is correct.
Read more about this here
brainly.com/question/15228044
Assume that the Best Buy store in Exercise 3 has a policy of ordering cell phones from the supplier in lots of 500. Weekly demand for cell phones at the store is normally distributed, with a mean of 300 and a standard deviation of 200. The supplier takes two weeks to supply an order. If the store manager is using a continuous review policy and targeting a fill rate of 99 percent, what safety inventory should the store carry
Answer:
Safety Stock = 932
Explanation:
The safety stock is determinate as follows:
f the desired service level is 99% When inventory reaches ROP, during the lead time 99% of the customers will receive the good while 1% of them will face stock-out.
Formula:
[tex]Pz \times \sqrt{lead-time} \times \sigma =\\P(99) \times \sqrt{2} \times 200 =[/tex]
We have 2 weeks lead-time the standard deviation is 200 while we want a service level of 99% (z= 0.99)
2.33 x √2 x 200 = 932
Safety Stock = 932
Massage Envy offers massage services on a subscription basis, so it targets consumers that desire to get multiple treatments per month. Massage Envy likely segments its market by
Answer:
C. usage rate.
Explanation:
As in the question, it is mentioned that Massage Envy offers massage services based on a subscription basis with a view to targeting the consumers that they get more or multiple treatments per month
So Massage Envy target the market segment via usage rate as it depicts the average sales per day so that they get to know how much they earned the revenue by offering multiple treatments to clients
hence, the correct option is C. usage rate
During the year, RIT Corp. had sales of $565,600. Costs of goods sold, and depreciation expenses were $476,000, and $42,800, respectively. In addition, the company had an interest expense of $112,000 and a tax rate of 22 percent. What is the operating cash flow for the year
Answer:
Cash flows from Operating activities is $30800
Explanation:
The first thing that we will calculate is the Net Profit for the year thereafter we will calculate the operating cash flow for the year.
Step 1: Calculate is the Net Profit for the Year
Sales $5,65,600
Less: Cost of Goods Sold ($4,76,000)
Gross margin $89,600
Less: Admin and Selling expenses ($58800)
Less: Depreciation ($42,800)
Less: Interest expense ($112,000)
Net income before tax (124000)
Less: tax -
Net income after tax ($1,24,000)
Step 2: Now we will calculate the Cash flow from Operating activities
Net income after tax ($1,24,000)
Add: Depreciation $42,800
Add: Interest $1,12,000
Cash flow from Operating activities $30800
Skysong Corporation has retained earnings of $691,300 at January 1, 2020. Net income during 2020 was $1,552,100, and cash dividends declared and paid during 2020 totaled $82,000. Prepare a retained earnings statement for the year ended December 31, 2020. Assume an error was discovered: land costing $88,390 (net of tax) was charged to maintenance and repairs expense in 2019. (List items that increase retained earnings first.)
Answer:
Skysong Corporation
Statement of Retained Earnings
Retained earnings balance January 1, 2020 $691,300
Add:
Adjustments to 2019 Income Statement $88,390
Net profits 2020 $1,552,100
Less:
Dividends declared and distributed ($82,000)
Retained earnings balance December 31, 2020 $2,249,790
Since the land purchase was recorded as maintenance expense by error, the 2019 income statement must be adjusted by adding that amount.
important changes are occurring on your team as task agendas become clarified and members begin to understand one another personal styles. Attention is beginning to shift toward obstacles that may stand in the way of task accomplishment. Efforts are being made to find ways to meet team goals while also satisfying individual needs. Failure in this stage can be a lasting liability whereas success here can set a strong foundation for later team effectiveness. What stage of team development is your team in?
Answer:
Storming stage.
Explanation:
The storming stage usually begins with the appearance of conflicts between the different styles that each member of the team performs the work.
It is natural for each individual to have their own style of carrying out their tasks, and this is natural in a team with different people profiles, so if the style of a member working causes some type of unforeseen problem for the team, conflicts and frustrations can happen that will negatively impact the workflow and the achievement of objectives and goals.
The storming also happens for other reasons, such as position disputes, lack of information and direction of the functions of each team member, work overload, disagreements, resistance, etc.
Therefore, it is important that at this stage of team development, there is a leadership aimed at establishing direct communication with the members and aimed at correcting their behaviors without overcoming the personality of each member. It is also essential to have a review of the rules, individual check-ins and a culture based on integration and motivation, where each member feels equally important to the team's success.
A company purchases a piece of equipment on January 1, 2021, for $70,000 and the equipment has an expected useful life of five years. Its residual value is estimated to be $10,000. Assuming the company uses the straight-line depreciation method, what should be the balance in accumulated depreciation for the equipment as of December 31, 2023 (three years later)
Answer:
$36,000
Explanation:
Calculation for the balance in accumulated depreciation for the equipment as of December 31, 2023 will be:
Using this formula
(Equipment - Estimated residual value)÷ Expected useful life
Let plug in the formula
($70,000 − $10,000) / 5 years
$60,000/5
= $12,000 depreciation per year.
Calculation for the Accumulated depreciation will be:
Depreciation per year× Number of years
= $12,000 × 3 years
= $36,000.
Therefore the balance in accumulated depreciation for the equipment as of December 31, 2023 will be: $36,000
Stylist Services Co. offers its services to individuals desiring to improve their personal images. After the accounts have been adjusted at July 31, the end of the fiscal year, the following balances were taken from the ledger of Stylist Services Co.: Marlena Fenton, Capital $880,000 Marlena Fenton, Drawing 11,000 Fees Earned 520,400 Wages Expense 488,000 Rent Expense 65,000 Supplies Expense 11,200 Miscellaneous Expense 13,900 Required: Journalize the two entries required to close the accounts. Refer to the Chart of Accounts for exact wording of account titles.
Answer:
Date General Journal Debit ($) Credit ($)
July 31 Fees Earned 520,400
Wages Expense 488,000
Rent Expense 65,000
Supplies Expense 11,200
Miscellaneous Expense 13,900
Marlena Fenton, Capital (57,700)
(To close Revenue and Expense accounts)
July 31 Marlena Fenton, Capital 11,000
Marlena Fenton, Drawing 11,000
Explanation:
Marlena Fenton, Capital = $880,000
Marlena Fenton, Drawing = $11,000
Fees Earned = $520,400
Wages Expense = $488,000
Rent Expense = $65,000
Supplies Expense = $11,200
Miscellaneous Expense = $13,900
Marlena Fenton, Capital = $520,400 -($488,000 + $65,000 + $11,200 + $13,900) = ($ 57,700)
A company needs $8 million in new capital for expanded composites manufacturing. It is offering small-denomination corporate bonds at a deep discount price of $800 for a 4% $1000 face value bond that matures in 20 years and pays the dividend semiannually. Find the nominal and effective annual rates, compounded semiannually, that this company is paying per investor
Answer:
nominal interest rate = 4% annual
effective interest rate = 5.56% annual
Explanation:
the bond's nominal rate is basically the coupon rate
to calculate the bond's effective interest rate we must calculate its yield to maturity:
YTM = [coupon + [(face value - present value) / n]} / [(face value + present value) / 2]
coupon = $1,000 x 4% x 1/2 = $20FV = $1,000PV = $800n = 40YTM = [20 + [(1,000 - 800) / 40]} / [(1,000 + 800) / 2]
YTM = 25 / 900 = 2.777 semiannual ⇒ 5.56% annual
Mark expects the value of currency X to appreciate in the near future. Hence, he delays the collection of payments from foreign customers until the next month. Which tactic is Mark making use of to minimize the foreign exchange exposure
Answer:
Lag startegy
Explanation:
Mark is using Lag Strategy to minimize the foreign exchange exposure.
Lag Strategy refers to a situation of adding capacity only after the company is running at full capacity or beyond caused by an increase in demand. This strategy is conservative strategy. It reduces the risk of waste but then it could bring about a loss of possible customers.
Coronado Industries acquired a tract of land containing an extractable natural resource. Coronado is required by its purchase contract to restore the land to a condition suitable for recreational use after it has extracted the natural resource. Geological surveys estimate that the recoverable reserves will be 2560000 tons, and that the land will have a value of $1080000 after restoration. Relevant cost information follows: Land $7420000 Estimated restoration costs 1480000 If Coronado maintains no inventories of extracted material, what should be the charge to depletion expense per ton of extracted material
Answer:
Depletion expenses per cost is $3.06
Explanation:
Geological surveys estimate that the recoverable reserves will be $2,560,000 tons, and that the land will have a value of $1,080,000 after restoration
The cost of the Land is $7,420,000 and the Estimated restoration costs is $1,480,000.
Therefore we will calculate the total cost.
Total Asset cost=$7,420,000 +$1,480,000
Total Asset cost=$8,900,000
The depletion expenses of Coronado Industries is:
Depletion expenses per cost= (Asset cost - Residual value) / Number of unit of depletion
Depletion expenses per cost = ($8,900,000 - $1,080,000) / $2,560,000
Depletion expenses per cost = 7820000/2560000
Depletion expenses per cost = 3.0546875
Depletion expenses per cost = $3.06
Which of the following is NOT correct?Select one:a. Finance companies are not allowed to accept deposits.b. Finance companies are supervised by ASIC.c. Building societies are supervised by APRA.d. Credit unions are not allowed to accept deposits from retail investors.
Answer:
The correct answer is (a) Finance companies are not allowed to accept deposits.
Explanation:
Solution
The financial companies are permitted to accept the public deposits through the issue of bonds for a specified period pf time and in return they have to pay the market interest rate to the investors. while these companies are supervised by the Australian Securities and Investments Commission (ASIC).
The credit unions are the cooperative bank produced by the large corporations or the bankers to issue the credit to their members and representatives only.
An investment will pay $200 at the end the year, $250 at the end of the next year, $400 at the end of the third year, and $500 at the end of the 4th year. Other investments of equal risk earn 6%. How much is this investment worth today
Answer:
PV= $1,143.03
Explanation:
Giving the following information:
An investment will pay $200 at the end of the year, $250 at the end of the next year, $400 at the end of the third year, and $500 at the end of the 4th year. Other investments of equal risk earn 6%.
To calculate the present value, we need to use the following formula on each cash flow:
PV= FV/(1+i)^n
Cf1= 200/1.06= 188.68
Cf2= 250/1.06^2= 222.50
Cf3= 400/1.06^3= 335.85
Cf4= 500/1.06^4= 396
PV= $1,143.03
Hannah Roberts owns and operates Hannah's Pool Service Company. On January 1, Hannah Roberts, Capital had a balance of $309,170. During the year, Hannah invested an additional $22,040 and withdrew $39,010. For the year ended December 31, Hannah's Pool Service Company reported a net income of $55,080.
Prepare a statement of owner's equity for the year ended December 31. Hannah's Pool Service Company Statement of Owner's Equity For the Year Ended December 31.
Answer:
Hannah's Pool Service Company
Statement of owner equity for the year ended December 31
Particulars Amount
Capital (January 1) $309,170
Investment during the year $22,040
Net Income $55,080
Withdrawals during the year (-$39,010)
Increase in the owner equity $38,110
Capital (December 31) $347.280
Workings
a. Increase in the owner equity = Investment during the year + Net income - withdrawal during the year
=$22040+$55080 -$39010
=$38110
b. Capital (December 31) = Capital on January 1 + Increase in owner equity
=$309170 +$38110
=$347280
A box of chocolate candy costs 28.80 Swiss francs in Switzerland and $20 in the United States. Assuming that purchasing power parity (PPP) holds, what is the current exchange rate
Answer: 1 U.S. dollar equals 1.44 Swiss francs
Explanation:
The Purchasing power parity (PPP) is used by economists or financial analysts to make comparison between the standards of living and the economic productivity that exist between countries.
From the question, we are told that a box of chocolate candy costs 28.80 Swiss francs in Switzerland and $20 in the United States. The current exchange rate will be:
1 U.S dollar = (28.80/20) Swiss Francs
1 U. S Dollar = 1.44 Swiss Francs
You purchased 290 shares of a particular stock at the beginning of the year at a price of $75.53. The stock paid a dividend of $1.05 per share, and the stock price at the end of the year was $82.04. What was your dollar return on this investment
Answer:
$2,132.40
Explanation:
Dollar return also known as Return on Investment (ROI) is the return realized on a investment over a period of time
The Formula is = (End value-Beginning value+Dividend) * Unit Purchased
Dollar return= (82.04 - 75.53 + 1.05) *290
Dollar return = 7.56 * 290
Dollar return = $2,132.40
The government has the ability to influence the level of output in the short run using monetary and fiscal policy. There is some disagreement to whether the government should attempt to stabilize the economy.Which of the following are arguments in favor of active stabilization policy by the government?a. The Fed can effectively respond to excessive pessimism by expanding the money supply and lowering interest rates.b. Businesses make investment plans many months in advance.c. Changes in government purchases and taxation must be passed by both houses of Congress and signed by the president.d. Shifts in aggregate demand are often the result of waves of pessimism or optimism among consumers and businesses.
Answer: a. The Fed can effectively respond to excessive pessimism by expanding the money supply and lowering interest rates.
d. Shifts in aggregate demand are often the result of waves of pessimism or optimism among consumers and businesses
Explanation:
Stabilization policy is a policy that is used by the government to maintain a healthy economic growth level in the country and also prevent the economy from slowing down.
In the above scenario, the arguments in favor of active stabilization policy by the government will be that the The Fed can effectively respond to excessive pessimism by expanding the money supply and lowering interest rates and that shifts in aggregate demand are often the result of waves of pessimism or optimism among consumers and businesses.
It should be noted that pessimism on the economy will bring about economic downturns in the economy which will have a negative effect on the aggregate demand. These economic downturns aren't beneficial to the economy.
Also, optimism among consumers and businesses can lead to economic instability. This will therefore bring about calling for a stabilization policy that will tackle this.
Therefore, option A and D are the correct answers.
"Consider the following information for a period of years: Series Arithmetic Mean Long-term corporate bonds 6.3 % Long-term government bonds 6.2 Inflation 3.3 What is the real return on long-term government bonds
Answer:
The real return on long-term government bonds is 2.80%
Explanation:
In order to calculate the Real Return on long-term government bonds according to the given data we would have to make the following calculation:
Real Return on long-term government bonds= (1 +0.062) / (1 +0.033) – 1
Real Return on long-term government bonds = 1.062 / 1.033– 1
Real Return on long-term government bonds = 2.80%
The real return on long-term government bonds is 2.80%
Halloween is coming and the Wrigley Co. knows that their target market engages in limited decision making when buying candy for Halloween. This Halloween, Wrigley Co. wants to bump up the sales of some of the less popular candy brands offered by the company. These brands include Skittles, which is not part of the consumers' evoked set. If you were a marketing consultant hired by the Wrigley Co., what will your advice be based on what you've learned about the consumer decision making process
Answer:
There are a lot of ways to improve the situation. Some examples are explained below.
Explanation:
To begin with, try to stimulate as much as possible the kids of the audience that is going to buy the candies. In the case that the kids arrive at home and say that they love those candies or they really wanted then the parents will go and buy them those, even if it is also for other kids. In other case, the company can also promote the purchase of those candies alongside the purchase of the most buyed candies, so that means that, if a person goes to buy a candy there can be an offer of buying the two candies together or even to reduce the price when buying a great amount of only the less wanted candy. All those examples will in fact try to stimulate the decision making process of the consumers regarding the factors that determinate that process, such as personal factors, etc.
Your company rents computers to local businesses and schools. You have 1,600 computers with a book value of $163,000. As a result of changing technology, your computers are more difficult to rent so you must drastically reduce your rental price, which causes a decrease in estimated future cash flows. The fair value of the computers is estimated to be $123,500 because of their outdated technology. Your company should report an asset impairment loss of:
Answer:
Your company should report an asset impairment loss of : $39,500
Explanation:
Impairment loss is recognized when the Carrying Amount of an Asset exceed its Recoverable Amount.
Carrying Amount
Carrying Amount is the Cost of Asset less its Accumulated Depreciation
Carrying Asset of Computers = $163,000
Recoverable Amount
Recoverable Amount is the Higher of :
Value in Use of Asset orFair Value less Cost to Sale the AssetIn this case the Recoverable amount is $123,500
Analysis for impairment loss
Carrying Amount : $163,000 > Recoverable Amount : $123,500,
Thus we have an impairment situation.
Impairment loss is $39,500 ($163,000 - $123,500)
