The amount of finished goods inventory on the balance sheet at year-end is $13,185.
To determine the amount of finished goods inventory on the balance sheet, we need to calculate the cost of goods sold (COGS) and subtract it from the cost of goods manufactured (COGM).
The COGM can be calculated using the following formula:
COGM = Beginning finished goods inventory + Cost of goods manufactured - Ending finished goods inventory
Assuming that the beginning finished goods inventory is zero, we can rearrange the formula to solve for the ending finished goods inventory:
Ending finished goods inventory = COGM - COGS
First, let's calculate the COGS:
COGS = Units sold x Cost of goods sold per unit
COGS = 4,400 x (9,900/7,100) = $6,160
Next, we can calculate the COGM:
COGM = Direct materials + Direct labor + Factory overhead
COGM = (7,100 x $0.75) + (7,100 x $1.20) + $5,500
COGM = $5,325 + $8,520 + $5,500 = $19,345
Finally, we can calculate the ending finished goods inventory:
Ending finished goods inventory = COGM - COGS
Ending finished goods inventory = $19,345 - $6,160 = $13,185
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The following information is provided for a company. Accounts payable $ 15,000 Buildings 80,000 Cash 10,500 Accounts receivable 9,500 Salaries payable 4,500 Retained earnings 47,500 Supplies 40,000 Notes payable (due in 18 months) 35,000 Interest payable 3,000 Common stock 35,000 What is the amount of current assets, assuming the accounts above reflect normal activity
The amount of current assets for the company is $60,000 assuming the accounts above reflect normal activity.
To calculate the amount of current assets, we need to identify which accounts are considered as current assets. Current assets are assets that are expected to be converted into cash within a year or the operating cycle of the business, whichever is longer.
From the given accounts, the following accounts are considered as current assets:
Cash
Accounts receivable
Supplies
Therefore, the total amount of current assets is:
Current assets = Cash + Accounts receivable + Supplies
Current assets = $10,500 + $9,500 + $40,000
Current assets = $60,000
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PLEASE HELP MEE I'LL MARK BRAINLIEST PLEASEEE
Section 1: Comparing Countries Compare the United States to one developed nation and one developing nation of your choice. Use these resources to gather statistical information about each:
India has rapidly growing economy with a large and youthful population, but it also faces significant challenges such as widespread poverty, corruption, and inadequate infrastructure.
What is poverty?Poverty is a state of extreme deprivation in which individuals or households lack the necessary resources to meet their basic needs, such as food, shelter, and clothing. It is a condition of economic insecurity that affects people's access to education, healthcare, and other essential services, often leading to social exclusion and marginalization. Poverty can be caused by various factors, including low wages, unemployment, lack of education, discrimination, and systemic inequalities. It can be both absolute and relative, with the former referring to the lack of basic necessities and the latter referring to the inability to participate fully in social and economic life. Poverty is a complex issue that requires a multidimensional approach to address its root causes and alleviate its impact on individuals, families, and communities.
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which of the following is NOT a true statement about a credit union and a traditional bank?  
a. they are both for-profit institutions.
b. they both offer a checking accounts.
c. they both pay interest on savings to their customers.
d. all of the above
Answer:
The statement that is NOT true about a credit union and a traditional bank is an option (a) - they are both for-profit institutions. Credit unions are not-for-profit institutions, while traditional banks are for-profit institutions.
Identify each of the following reconciling items as:
a. An addition to the cash balance according to the bank statement
b. A deduction from the cash balance according to the bank statement
c. An addition to the cash balance according to the company's records
d. A deduction from the cash balance according to the company's records
Item Treatment
1. Bank service charges, $75.
2. Check of a customer returned by bank to company because of insufficient funds, $880.
3. Check for $275 incorrectly recorded by the company as $725.
4. Check for $100 incorrectly charged by bank as $1,000.
5. Deposit in transit, $5,550.
6. Outstanding checks, $10,350
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Which leadership quality must an effective instructor possess to routinely make and maintain appropriate decisions, actions, and relationships
An effective instructor should possess the leadership quality of sound judgment to routinely make and maintain appropriate decisions, actions, and relationships. They should be able to think critically, consider all available information, evaluate alternatives, and make informed decisions that align with the organization's goals and values. Additionally, they should be able to establish and maintain positive relationships with students, colleagues, and stakeholders by demonstrating integrity, respect, empathy, and effective communication skills.
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for the last two years rug company had net income as follows: year 1 year 2 net income $160,000 $200,000 what was the percentage change in income from year 1 to year 2? a. 20% increase. b. 20% decrease. c. 25% increase. d. 25% decrease.
The percentage change in income from year 1 to year 2 was 25%.
When we are asked to calculate the percentage change in income from Year 1 to Year 2, we need to determine the relative change in income between the two years. The percentage change tells us how much the income has increased or decreased as a proportion of the original value.
The percentage change in income from year 1 to year 2 can be calculated as follows:
Percentage change = ((Year 2 income - Year 1 income) / Year 1 income) x 100%
Plugging in the values given in the question, we get:
Percentage change = ((200,000 - 160,000) / 160,000) x 100%
= (40,000 / 160,000) x 100%
= 0.25 x 100%
= 25%
This is a significant improvement in performance and indicates that the company has been able to generate more revenue and profits over time. This increase in income could be due to a variety of factors such as increased sales, improved cost management, or new business opportunities.
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assume a firm is considering a repurchase of its shares in the market. the firm has $1,000,000 in excess cash, $5,000,000 in earnings after taxes, and 500,000 shares outstanding. the stock trades at a p/e ratio of 20. the current price of the stock is $200 (p/e x eps) and the dividends per share are $2 (excess cash/shares outstanding). what is the number of shares that have been reacquired? (round to the nearest whole share)
The firm can repurchase 5,000 shares using the excess cash. This means that the number of shares that have been reacquired is 5,000 (rounded to the nearest whole share).
To calculate the number of shares that have been reacquired, we first need to find out the amount of cash the firm can use for the repurchase. The firm has $1,000,000 in excess cash that can be used for the share repurchase.
Next, we need to find the price per share. The stock has a P/E ratio of 20, and the current price of the stock is $200. The price per share is calculated as (P/E x EPS). Since the current price of the stock is already given as $200, we do not need to perform any calculations for this part.
Now, we need to find the number of shares that can be repurchased using the excess cash. To do this, we can divide the excess cash ($1,000,000) by the price per share ($200). This calculation is as follows:
Number of shares = Excess cash / Price per share
Number of shares = $1,000,000 / $200
Number of shares = 5,000
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Mention the importance of saddle point in game theory?
Saddle point in game theory is an outcome that occurs when both players choose the optimal strategy, and no other strategy provides a better outcome for either player.
A saddle point is a point of equilibrium in a game in which both sides have alternatives that are equal and stable.
In game theory, the saddle point is significant for the following reasons: In game theory, the saddle point is a concept that assists in determining the best possible strategy.
It is a factor that can be considered when determining the winner of a game. A game that relies on an understanding of probability theory can be played in a risk-free manner using a saddle point.
A game's complexity can be reduced by using a saddle point, which in turn makes the game simpler and easier to grasp. It is beneficial for judging the overall worth of a game.
The worst-case scenario for one person can be determined by using a saddle point, which also helps to determine how much damage will be done by the scenario.
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In the system characterized by an unstable equilibrium, the outcome of competition depends on what?.
In a system characterized by an unstable equilibrium, the outcome of competition depends on the initial population sizes of the two species. The option (C) is correct.
The competition is most significant component which influences to sizes of species. Intraspecific contests for the most part permit the collaboration between various species. such contest lead to decreases wellness of species and gives the capacity to duplicate youthful one.
Every single species inside the biological system involves a contest for vital air, food, and sanctuary. This causes an expansion in the size of the populace. unsteady harmony relies upon starting circumstances, criticism components, outer unsettling influences, transformation and advancement, and the time scales included.
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This question iis not complete, Here I am attaching the complete question:
In the system characterized by an unstable equilibrium, the outcome of competition depends on what?
A. The carrying capacities of the two species.
B. The competition coefficients (a) of the two species.
C. The initial population sizes of the two species.
D. The relative strength of competition between the two species.
The purpose of this assignment is for you to practice identifying or predicting characteristics of potential audiences as they apply to specific scenarios.
Select two (2) presentation topics or scenarios from the list below for your audience analysis. You are only analyzing the audience for these scenarios, not preparing the presentation - but imagine that you are the qualified person who will be giving the presentation.
Please read the scenarios carefully – there are clues to help you identify the primary audience. (Please note that you are doing one paper containing two separate audience analysis exercises in this assignment – so complete the analysis for one scenario then then do the second scenario – be sure to refer to the letter notation of your scenario.
For example, The first scenario I will analyze from the list of choices is: a. A presentation to…..) You will complete the analysis for the first scenario and then you will begin the second scenario audience analysis. E.g. The second scenario I will analyze from the list of choices is c. A presentation offering …..
This is still one paper containing the analysis of two scenarios.
Presentation Scenario Choices (pick 2) ask yourself – Who is the audience? Who is the credible presenter?
A presentation to share information and tools available at Web job banks for university students searching for full-time employment after graduation.
A presentation to help inform parents of the criteria to use when deciding whether their young children should attend private or public school or be home schooled?
The scenario I will analyze from the list of choices is
A: A presentation to share information and tools available at Web job banks for university students searching for full-time employment after graduation.
B: A presentation to help inform parents of the criteria to use when deciding whether their young children should attend private or public school or be homeschooled.
A: A presentation to share information and tools available at Web job banks for university students searching for full-time employment after graduation.
1. Primary Audience: The primary audience for this presentation would be university students who are nearing graduation and looking for full-time employment.
2. Audience Demographics: The audience would consist of individuals aged between 20-25 years old, pursuing various majors, and having diverse career aspirations.
3. Audience Needs: The audience would be interested in learning about online job resources, effective job search strategies, and tips for securing employment in their chosen fields.
4. Credible Presenter: The ideal presenter for this presentation would be a career counselor, job placement expert, or someone experienced in helping students find employment after graduation.
The second scenario I will analyze from the list of choices is B: A presentation to help inform parents of the criteria to use when deciding whether their young children should attend private or public school or be home-schooled.
1. Primary Audience: The primary audience for this presentation would be parents with young children who are considering various schooling options for their kids.
2. Audience Demographics: The audience would consist of parents from diverse socioeconomic backgrounds, educational levels, and family structures, as well as different beliefs and values about education.
3. Audience Needs: The audience would be interested in learning about the benefits and drawbacks of private, public, and homeschooling options, as well as the key factors to consider when making an informed decision about their children's education.
4. Credible Presenter: The ideal presenter for this presentation would be an educational consultant, experienced teacher, or specialist in child development and education who can provide objective and informed advice on choosing the best educational path for children.
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What impact is line balancing without a fixed sequence likely to have on idle time?
A. It will decrease it.
B. It will increase it.
C. It will eliminate it.
D. It will have no impact on it
The line balancing without a fixed sequence is likely to decrease idle time. The correct answer is A.
Line balancing is a manufacturing technique used to optimize the production line by reducing inefficiencies and idle time. The goal is to ensure that each workstation has a balanced workload, so that no worker or machine is overburdened while others are idle. In traditional line balancing, a fixed sequence is established for the tasks on the production line to ensure that each workstation receives a consistent flow of work.
However, line balancing without a fixed sequence can also be effective in reducing idle time. This approach allows workers to choose tasks based on availability and priority, rather than being constrained by a fixed sequence. By giving workers more flexibility and autonomy, they can better adapt to changes in demand or unexpected downtime. This can result in a more efficient use of time and resources, and ultimately decrease idle time.
It's worth noting that line balancing without a fixed sequence may also require more coordination and communication among workers, to ensure that tasks are being completed in a timely and efficient manner. But overall, this approach can be an effective way to increase productivity and reduce idle time in manufacturing. The correct answer is A.
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the preferred stock of dolphin pools pays an annual dividend of $5.20 a share and sells for $48 a share. the tax rate is 21 percent. what is the firm's cost of preferred stock? group of answer choices 15.59% 10.94% 16.47% 9.67% 10.83%
The tax rate is 21 percent. The firm's cost of preferred stock is 10.83%.
The cost of preferred stock is the dividend paid on the preferred stock divided by the net proceeds from the sale of the preferred stock. The net proceeds are the sale price of the preferred stock less any flotation costs.
Annual dividend = $5.20 per share
Sale price = $48 per share
Tax rate = 21%
Flotation costs are not given in the problem, so it is assumed that there are no flotation costs. Therefore, the net proceeds from the sale of preferred stock will be equal to the sale price.
Rp = $5.20/$48 = .1083, or 10.83 percent
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Sam Strother and Shawna Tibbs are vice presidents of Mutual of.
Sam Strother and Shawna Tibbs are vice presidents of Mutual of Seattle Insurance Company and co-directors of the company's pension fund management division. An important new client, the North-Western Municipal Alliance, has requested that Mutual of Seattle present an investment seminar to the mayors of the represented cities, and Strother and Tibbs, who will make the actual presentation, have asked you to help them by answering the following questions.
a. What are the key features of a bond?
b. What are call provisions and sinking fund provisions? Do these provisions make bonds more or less risky?
c. How does one determine the value of any asset whose value is based on expected future cash flows?
d. How is the value of a bond determined? What is the value of a 10-year, $1,000 par value bond with a 10% annual coupon if its required rate of return is 10%?
e. (1) What would be the value of the bond described in Part d if, just after it had been issued, the expected inflation rate rose by 3 percentage points, causing investors to require a 13% return? Would we now have a discount or a premium bond?
e. (2) What would happen to the bond's value if inflation fell and declined to 7%? Would we now have a premium or a discount bond?
e. (3) What would happen to the value of the 10-year bond over time if the required rate of return remained at 13%? If it remained at 7%? (Hint: With a financial calculator, enter PMT, I/YR, FV, and N, and then change N to see what happens to the PV as the bond approaches maturity. )
f. (1) What is the yield to maturity on a 10-year, 9% annual coupon, $1,000 par value bond that sells for $887. 00? That sells for $1,134. 20? What does the fact that a bond sells at a discount or at a premium tell you about the relationship between and the bond's coupon rate?
f. (2) What are the total return, the current yield, and the capital gains yield for the discount bond? (Assume the bond is held to maturity and the company does not default on the bond. )
Answer:
Mutual of Seattle insurance company
1. Explain the reasons why the Walt Disney Company puts emphasis on decency in its organizational culture.2. Explain why innovation is a major cultural emphasis at Disney?3. Give a brief summary of Disney’s corporate culture.
The Walt Disney Company puts emphasis on decency in its organizational culture because it believes that this is essential for creating a positive and inclusive workplace environment.
By promoting decency, the company aims to create a culture where employees treat each other with respect, kindness, and empathy, and where everyone feels valued and supported. This helps to foster a sense of community within the company, and can improve employee engagement, productivity, and job satisfaction.
Innovation is a major cultural emphasis at Disney because the company recognizes that it operates in a constantly changing and competitive industry. By encouraging innovation, Disney can stay ahead of its competitors and continue to develop new and exciting products and experiences for its customers. This emphasis on innovation is also reflected in the company's approach to problem-solving, which encourages employees to think creatively and take calculated risks.
Disney's corporate culture is often described as fun, collaborative, and creative. The company values innovation, teamwork, and inclusivity, and encourages employees to express themselves and share their ideas. Disney also places a strong emphasis on guest satisfaction, and strives to create magical experiences for its customers. Overall, the company's culture is designed to foster creativity, collaboration, and a sense of community among its employees, while also providing a high-quality experience for its customers.
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Exercise 10-10 Sunland Company Ltd. Publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $28 per year. During November 2022, Sunland sells 7,500 subscriptions for cash, beginning with the December issue. Sunland prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue. The company has a December 31 year-end. Prepare the entry in November for the receipt of the subscriptions
The entry for the receipt of the subscriptions in November would be debit Cash: $210,000 and credit Unearned Subscription Revenue: $210,000. This entry records the cash received for the 7,500 subscriptions sold in November, and the corresponding liability for the unearned subscription revenue.
Since Sunland sells 7,500 subscriptions for cash at $28 per year, the total cash received will be:
7,500 subscriptions × $28 = $210,000
In November, when the cash is received, the company will record this transaction as an increase in Cash and an increase in Unearned Subscription Revenue. The journal entry would be:
Debit: Cash - $210,000
Credit: Unearned Subscription Revenue - $210,000
This entry reflects the cash received and the liability created (Unearned Subscription Revenue) since the company has not yet provided the service (magazine issues) to the subscribers. Subscription Revenue will be recognized at the end of each quarter, as the company prepares its financial statements.
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QUESTION 14 Billy Madison has a 3-stock portfolio with a total value of $1,000,000. $230,000 is invested in Stock A with a bota of 0. 87, $450,000 is invested in Stock B with a beta of 0. 86, and $320,000 is invested in Stock C with a beta of 1. 6. What is the portfolio's beta (to two decimal places)?
The portfolio's beta is 1.10 (rounded to two decimal places).
The portfolio's beta can be calculated as the weighted average of the betas of the individual stocks, where the weights are the proportions of the portfolio invested in each stock.
portfolio beta is:
Portfolio beta = (Weight of Stock A x Beta of Stock A) + (Weight of Stock B x Beta of Stock B) + (Weight of Stock C x Beta of Stock C)
here:
Weight of Stock A = Value of Stock A / Total Portfolio Value = $230,000 / $1,000,000 = 0.23
Weight of Stock B = Value of Stock B / Total Portfolio Value = $450,000 / $1,000,000 = 0.45
Weight of Stock C = Value of Stock C / Total Portfolio Value = $320,000 / $1,000,000 = 0.32
Portfolio beta = (0.23 x 0.87) + (0.45 x 0.86) + (0.32 x 1.6)
= 0.2001 + 0.387 + 0.512
= 1.0991
Therefore, the portfolio's beta is 1.10 (rounded to two decimal places).
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Here are the comparative income statements of carla vista corporation.
carla vista corporation
comparative income statement
for the years ended december 31
2022 2021
net sales $637,500 $555,200
cost of goods sold 454,100 418,600
gross profit 183,400 136,600
operating expenses 74,500 48,700
net income $ 108,900 $ 87,900
(a) prepare a horizontal analysis of the income statement data for carla vista corporation, using 2021 as a base. (if amount and percentage are a decrease show the numbers as negative, e.g. -55,000, -20% or (55,000), (20%)).
(b) prepare a vertical analysis of the income statement data for carla vista corporation for both years.
The horizontal analysis shows that Carla Vista Corporation's net sales increased by 14.8% and net income increased by 23.9% from 2021 to 2022. The vertical analysis reveals that the cost of goods sold decreased as a percentage of net sales, while gross profit and operating expenses increased as a percentage of net sales in 2022 compared to 2021.
Horizontal Analysis
Carla Vista Corporation
Horizontal Analysis of Income Statement
For the Years Ended December 31, 2022 and 2021
2022 2021 Increase (Decrease)
Net sales $ 637,500 $555,200 $82,300 (14.8%)
Cost of goods sold $ 454,100 $ 418,600 $ 35,500 (8.5%)
Gross profit $ 183,400 $ 136,600 $ 46,800 (34.3%)
Operating expenses $ 74,500 $ 48,700 $ 25,800 (52.9%)
Net income $ 108,900 $ 87,900 $ 21,000 (23.9%)
Vertical Analysis
Carla Vista Corporation
Vertical Analysis of Income Statement
For the Years Ended December 31, 2022 and 2021
2022 2021
Net sales 100.0% 100.0%
Cost of goods sold 71.3% 75.4%
Gross profit 28.7% 24.6%
Operating expenses 11.7% 8.8%
Net income 17.1% 15.8%
Vertical analysis shows the percentage relationship of each item to the base amount (net sales).
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suppose planting rose bushes creates a positive externality equal to $5 per bush. further suppose that the government offers a $3 per bush subsidy to planters. which of the following is correct? a.the equilibrium quantity is less than the socially optimal quantity. b.the current subsidy is greater than the ideal corrective subsidy. c.the equilibrium quantity is greater than the socially optimal quantity. d.the current subsidy is the ideal corrective subsidy.
The equilibrium quantity is less than the socially optimal quantity. Correct option is a.
This is because there is a positive externality associated with planting rose bushes, meaning that the private benefit to the planter is lower than the total social benefit. In the absence of any intervention, the equilibrium quantity of rose bushes planted will be lower than the socially optimal quantity, as planters do not take into account the full societal benefit of their actions.
The current subsidy of $3 per bush is not sufficient to fully correct the externality and bring the equilibrium quantity to the socially optimal quantity. Therefore, option b is incorrect.
Option c is also incorrect, as the equilibrium quantity is actually lower than the socially optimal quantity, not higher.
Option d is incorrect, as the current subsidy of $3 per bush is not equal to the ideal corrective subsidy, which would be equal to the positive externality of $5 per bush.
Therefore, the correct answer is option a: the equilibrium quantity is less than the socially optimal quantity.
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Refer to the following information about the Finishing Department in the Gallagher Factory for the month of June. Gallagher Factory uses the FIFO method of inventory costing.
Beginning Work in Process inventory:
Physical units: 5,000 units
% complete for materials; 70
Costs from May: 25%
complete for conversion costs;
Costs from May: $3,125
Product started:
Physical units: 44,000 units
Ending Work in Process inventory:
Physical units: 4,000 units
Required:
Compute costs in ending inventory for June
To compute the costs in ending inventory for June in the Finishing Department of the Gallagher Factory, we need to take into account the beginning work in process inventory, costs from May, and the product started in June.
First, let's calculate the equivalent units of production for materials and conversion costs for the 44,000 units started in June and the 4,000 units in ending inventory. For materials, we multiply the physical units by the percentage complete, and for conversion costs, we use the percentage complete for conversion costs.
Materials:
44,000 x 100% = 44,000 units
4,000 x 70% = 2,800 units
Equivalent units of production for materials = 46,800 units
Conversion Costs:
44,000 x 25% = 11,000 units
4,000 x 40% = 1,600 units
Equivalent units of production for conversion costs = 12,600 units
Next, let's calculate the cost per equivalent unit for materials and conversion costs.
Cost per equivalent unit for materials = (Costs from May + Costs added in June) / Equivalent units of production for materials
= ($3,125 + $47,500) / 46,800
= $1.04 per unit
Cost per equivalent unit for conversion costs = (Costs from May + Costs added in June) / Equivalent units of production for conversion costs
= ($1,875 + $16,800) / 12,600
= $1.65 per unit
Finally, we can compute the costs in ending inventory for June by multiplying the equivalent units of production in ending inventory by the cost per equivalent unit.
Materials:
Costs in ending inventory for June = 2,800 x $1.04 per unit = $2,912
Conversion Costs:
Costs in ending inventory for June = 1,600 x $1.65 per unit = $2,640
Therefore, the total costs in ending inventory for June in the Finishing Department of the Gallagher Factory is $5,552.
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An advertising campaign features two print ads. One ad generates 13,345 exposures and cost $4,625. The second ad generates 15,968 impressions and cost $8,982. Calculate Cost Per Thousand for the campaign as a whole. (Rounding: penny.)
For the whole campaign the Cost Per Thousand is $464.28.
To calculate the Cost Per Thousand (CPM) for the advertising campaign as a whole, follow these steps:1. Calculate the total number of exposures: Add the exposures of the first ad (13,345) and the second ad (15,968).
Total Exposures = 13,345 + 15,968 = 29,313
2. Calculate the total cost of the campaign: Add the cost of the first ad ($4,625) and the second ad ($8,982).
Total Cost = $4,625 + $8,982 = $13,607
3. Calculate the Cost Per Thousand (CPM): Divide the total cost by the total exposures and multiply by 1,000.
CPM = (Total Cost / Total Exposures) * 1,000
CPM = ($13,607 / 29,313) * 1,000
4. Round the CPM to the nearest penny:
CPM ≈ $464.28
So, the Cost Per Thousand for the campaign as a whole is approximately $464.28.
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All sales are made on credit. Based on past experience, the company estimates 2. 0% of ending account receivable to be uncollectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense
Adjustment entry:
Debit: the Bad Debts Expense account
Credit: The Allowance for Doubtful Accounts account
The company needs to make an adjusting entry at the end of the current year to record its estimated bad debts expense. To do this, the company should follow these steps:
1. Calculate the estimated bad debts expense: Multiply the ending accounts receivable balance by the estimated uncollectible percentage (2.0%).
2. Record the adjusting entry: Debit the Bad Debts Expense account and credit the Allowance for Doubtful Accounts account with the calculated amount from step 1.
At the end of the current year, the company should make an adjusting entry by debiting the Bad Debts Expense account and crediting the Allowance for Doubtful Accounts account with the amount calculated as 2.0% of ending accounts receivable.
This will appropriately record the estimated bad debts expense based on past experience.
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Crane Company reported net income of $172,780 for 2022. Crane Company also reported depreciation expense of $33,750 and a loss of $5,470 on the disposal of plant assets. The comparative balance sheets show an increase in accounts receivable of $14,400 for the year, a $15,400 increase in accounts payable, and a $3,680 increase in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2022. Use the indirect method
The operating activities section of the statement of cash flows for Crane Company for the year 2022 using the indirect method is as follows:
Net income for the year ended December 31, 2022, was $172,780. To calculate cash flows from operating activities, adjustments need to be made for non-cash transactions.
Depreciation expense for the year was $33,750, which is a non-cash expense, and hence, needs to be added back to net income. Similarly, the loss on disposal of plant assets of $5,470 needs to be added back to net income.
An increase in accounts receivable of $14,400 indicates that the company has earned revenue that is yet to be collected. Therefore, this amount needs to be subtracted from net income. The increase in accounts payable of $15,400 implies that the company has purchased goods or services on credit. Hence, this amount needs to be added to net income. Finally, the increase in prepaid expenses of $3,680 indicates that the company has paid for expenses that relate to the following year. Therefore, this amount needs to be subtracted from net income.
Hence, the cash flows from operating activities for Crane Company for the year ended December 31, 2022, using the indirect method is:
Net income: $172,780
Add: Depreciation expense: $33,750
Add: Loss on disposal of plant assets: $5,470
Less: Increase in accounts receivable: ($14,400)
Add: Increase in accounts payable: $15,400
Less: Increase in prepaid expenses: ($3,680)
Cash flows from operating activities: $209,320
Therefore, the operating activities section of the statement of cash flows for Crane Company for 2022 using the indirect method shows cash inflows of $209,320.
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john went on a trip with his friends before making his credit card payment. when he returned home he put his payment in the mail to the credit card company who recived the payment six days after the due date which term applies to this situation
Answer:
Jhon bought a used car and got a loan from his credit union.
The Overtons bought a new home and mortgaged it for 30 years.
Tammy borrowed $40,000 in school loans to be paid back in 5 years.
Answer:
Annual Percentage Rate
Explanation:
A percentage of your balance each month is
set as the minimum amount you are required
to pay on your account to not be considered
“late” or “in default”
You are brainstorming with your co-founders about your next-year strategy. You are still doing R&D for your product, and you estimate that with probability 80% your product will be a success and bring you $200,000 in revenue. With probability 20% your product will fail and you will not take it to the market. In order to take the product to the market you estimate that you will need to raise $100,000. The interest rates right now are really low at 4%. On the other hand, if you wait until after your R&D is over, the interest rates will be higher and you expect them to be at 10% with probability 40% or at 15% with probability 60%. Remember that banks will always require the whole amount plus interest back regardless of whether your new venture fails or not. You can assume that if you get a loan, you will borrow the $100,000 amount for a whole year regardless of when you decide to take it. Should you get a loan now, before you see the results of the R&D, or should you wait for the results and then get funding depending on the outcome? What is your optimal strategy that maximizes your profit?
(a) Draw the decision tree that helps with finding your optimal strategy. To get full score please provide the diagram and write down the probabilities.
(b) What is your optimal strategy?
(c) What is the smallest success probability (instead of the 80%) that would make getting the loan before you see the results of R&D more profitable?
Based on the decision tree, the optimal strategy is to wait for the results of the R&D before deciding whether to launch the product or not and whether to take a loan or not.
Based on the decision tree, the optimal strategy is to wait for the results of the R&D before deciding whether to launch the product or not and whether to take a loan or not. If the R&D is successful, launch the product and take a loan at the interest rate prevailing at that time. If the R&D fails, don't launch the product and don't take a loan. This strategy maximizes the expected profit.
To find the smallest success probability that would make getting the loan before seeing the results of the R&D more profitable, we can compare the expected profit of the two strategies.
If we get the loan before R&D, the expected profit is:
(0.8 x $200,000) - ($100,000 x 1.04) = $76,800
If we wait for R&D, the expected profit is:
0.8 x (0.4 x $200,000 - $100,000 x 1.04) + 0.2 x $0 = $28,160
Setting these two equal and solving for the success probability gives:
0.8p - 104,000 = 28,160
0.8p = 132,160
p = 165,200 / 200,000 = 0.826
Therefore, the smallest success probability that would make getting the loan before seeing the results of the R&D more profitable is 82.6%. The decision tree attached.
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(Expected rate of return and risk) Summerville Inc. Is considering an investment in one of two common stocks. Given the information that follows, which investment is better, based on the risk (as measured by the standard deviation) and return of each?
Common Stock A Common Stock B
Probability Return Probability Return
0. 30 11% 0. 20 -. 5%
0. 40 15% 0. 30 6%
0. 30 19% 0. 30 14%
0. 20 22%
Based on the expected rate of return and the standard deviation, Common Stock A is the better investment as it has a higher expected rate of return and lower risk (as measured by standard deviation) compared to Common Stock B.
Investment is better, we need to calculate the expected rate of return and the standard deviation of each investment.
For Common Stock A:
Expected Rate of Return = (0.30 x 11%) + (0.40 x 15%) + (0.30 x 19%) + (0.20 x 22%) = 15.1%
To calculate the standard deviation, we first need to calculate the variance:
Variance = [tex](0.30 * (11 - 15.1)^2) + (0.40 * (15 - 15.1)^2) + (0.30 * (19 - 15.1)^2)[/tex]
= 0.01184
Standard Deviation = √Variance = 10.88%
For Common Stock B:
Expected Rate of Return = (0.20 x -0.5%) + (0.30 x 6%) + (0.30 x 14%) + (0.20 x 22%) = 10.6%
The standard deviation, we first need to calculate the variance:
Variance = [tex](0.20 * (-0.5 - 10.6)^2) + (0.30 * (6 - 10.6)^2) + (0.30 * (14 - 10.6)^2)[/tex] = 0.0326
Standard Deviation = √Variance = 18.04%
Based on the expected rate of return and the standard deviation, Common Stock A is the better investment as it has a higher expected rate of return and lower risk (as measured by standard deviation) compared to Common Stock B.
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A copy room uses a two-bin system to manage inventory of paper whereby a number of bundles of paper are placed by the copy machine (call this bin 1) and an additional 12 bundles are placed in storage (call this bin 2). When the bundles in bin 1 run out, an order is placed with a supplier and the 12 bundles in bin 2 are retrieved and used during the three day lead-time that they wait for the replenishment order from the supplier.
QUESTION:
A) If demand for paper averages 3 bundles per day with a standard deviation of 0.85 bundles per day, what is the probability of having enough bundles so that they do not run out while waiting for the replenishment order?
To find the probability of having enough bundles so, we find that the probability of having enough bundles so that they do not run out while waiting for the replenishment order is approximately 0.979, or 97.9%.
Here's a step-by-step explanation:
1. Calculate the average demand during the lead time: Since the lead time is 3 days, and the average daily demand is 3 bundles, the average demand during the lead time would be 3 days * 3 bundles/day = 9 bundles.
2. Calculate the standard deviation of demand during the lead time: The standard deviation for daily demand is 0.85 bundles. To find the standard deviation of demand during the lead time, we multiply the daily standard deviation by the square root of the lead time (since variances are additive). So, for a 3-day lead time, the standard deviation would be 0.85 * √3 ≈ 1.47 bundles.
3. Determine the amount of stock available during the lead time: In this case, there are 12 bundles available in bin 2 during the lead time.Now, we can use the normal distribution to find the probability that the demand during the lead time will be covered by the 12 bundles available. The Z-score can be calculated as follows:
Z = (Amount of stock available - Average demand during lead time) / Standard deviation during lead time
Z = (12 - 9) / 1.47 ≈ 2.04
we find that the probability of having enough bundles so that they do not run out while waiting for the replenishment order is approximately 0.979, or 97.9%.
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Racking systems and HME Required Definition of each racking system MHE used for the racking systems for each one of them. be as detailed as possible. from chapter 10 BOOK
Racking systems are used in warehouses and other industrial settings to maximize storage space and increase efficiency and there are several different types of racking systems, each with their own advantages and MHE requirements.
Selective racking is the most common type of racking system, consisting of rows of upright frames and horizontal beams. This type of racking is versatile and easy to install, requiring only standard MHE such as forklifts for loading and unloading. Double deep racking is similar to selective racking but with two rows of pallets stored back-to-back. This type of racking requires specialized MHE such as reach trucks or swing reach trucks to access the back row of pallets.
Drive-in racking is a high-density storage system that allows forklifts to drive directly into the racking to retrieve pallets. This type of racking requires specialized MHE such as narrow-aisle forklifts or guided rail systems. Push-back racking is similar to drive-in racking but allows for multiple pallets to be stored on each level. This type of racking requires MHE with hydraulic push-back capabilities.
Pallet flow racking uses gravity to move pallets from the loading end of the racking to the unloading end. This type of racking requires specialized MHE such as flow rails or inclined conveyors. Finally, cantilever racking is used for storing long, bulky items such as lumber or piping. This type of racking requires MHE such as forklifts or cranes with specialized attachments for handling long items.
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Reflect on the importance of being tactful when communicating online. How can you best choose your words to communicate about yourself or others using online platforms effectively? Explain in 150 words
Being tactful when communicating online is crucial as it helps maintain a respectful and positive environment for everyone.
Understanding tactfulnessTactfulness involves choosing your words carefully, being empathetic, and considering the feelings and perspectives of others. When selecting your words, it is essential to be aware of your tone and avoid using offensive or provocative language. Keep in mind that online platforms lack non-verbal cues, making it difficult to interpret emotions accurately.
Therefore, choose clear and concise words that convey your message without ambiguity. To communicate effectively about yourself or others, focus on presenting facts and achievements without boasting or self-deprecation.
Be authentic and transparent, but avoid sharing excessively personal or sensitive information. Also, respect others' privacy by not disclosing their personal details without consent.
Active listening and empathy are key components of tactful communication. Give others the chance to express themselves and validate their feelings by acknowledging their perspectives. This promotes open dialogue and fosters a positive online community.
In summary, being tactful online is important for maintaining respectful interactions and building strong connections. Choosing words carefully, demonstrating empathy, and practicing active listening are essential for effective communication on online platforms.
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Identify an area/s of the accounting profession that is/are under threat because of RPA and provide reasons why,
One area of the accounting profession that is under threat because of RPA (Robotic Process Automation) is bookkeeping.
RPA tools are now capable of automating repetitive bookkeeping tasks such as data entry, invoice processing, and bank reconciliations. This means that businesses can automate these processes and reduce their reliance on manual bookkeeping. As a result, bookkeeping jobs are at risk of being replaced by RPA tools.
Moreover, RPA tools are also capable of performing these tasks more efficiently and accurately than humans. This means that businesses can reduce errors and save time and money by using RPA tools. As a result, there is a growing trend of businesses adopting RPA technology to streamline their accounting processes.
To adapt to this changing landscape, accountants need to develop new skills that are not easily replicable by RPA tools. These include critical thinking, problem-solving, and strategic planning. By focusing on these higher-level tasks, accountants can add more value to their clients and remain relevant in a world where RPA is increasingly being used to automate routine tasks.
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a stock has an expected return of 10.3 percent, its beta is 1.02, and the risk-free rate is 6.35 percent. what must the expected return on the market be? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Ifa stock has an expected return of 10.3 percent, its beta is 1.02, and the risk-free rate is 6.35 percent, the expected return on the market must be 9.12%.
The capital asset pricing model (CAPM) provides a formula to calculate the expected return on an asset based on its beta, the expected return on the market, and the risk-free rate.
The formula is:
Expected return = Risk-free rate + Beta x (Expected return on the market - Risk-free rate)
In this case, we know that the expected return on the stock is 10.3%, the beta is 1.02, and the risk-free rate is 6.35%. We need to solve for the expected return on the market.
10.3% = 6.35% + 1.02 x (Expected return on the market - 6.35%)
Simplifying this equation, we get:
Expected return on the market = (10.3% - 6.35%) / 1.02 + 6.35%
Expected return on the market = 9.12%
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