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Answer: Mortgage
Explanation:
Took the quiz
Related Questions
module 3 forecasting and contracts summary
Answers
This module is a simulation game in which players choose which contracts to pursue and change their receiving, manufacturing, and shipping divisions to optimize profit and efficiency. Forecasting help to know which contracts to chose or enforce.
What is forecasting?Forecasting is the practice of creating predictions based on evidence from the past and present. These can then be compared to what really occurs.
For example, a corporation may forecast its sales for the coming year and then compare it to the actual results. Prediction is a related but broader phrase.
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Full Question:
Module 3: Forecasting and Contracts
In this module, players choose which contracts to pursue, and optimize their receiving, production, and shipping departments accordingly
4. Calculate and properly express the 2017 accounts receivable turnover ratio for O’Reilly Auto Parts.
ASSUME ALL SALES REPRESENT “CREDIT SALES”. (6 pts)
8,977,726/216,251+197,274/2 = 8,977,726/206762.5 = 43.4 times
Answer: 43.4 times
5. Calculate and properly express the 2017 (fiscal year ended August 26, 2017) accounts receivable turnover ratio for AutoZone. ASSUME ALL SALES REPRESENT “CREDIT SALES”. (6 pts)
10,888,676/280,733+287,680/2 = 10,888,676/284206.5 = 38.3 times
Answer: 38.3 times
6. Calculate and properly express the average collection period for each company. (6 pts)
O’Reilly Auto Parts: 365/43.4 = 8.4 days
AutoZone: 365/38.3 = 9.5 days
Answer:
O’Reilly Auto Parts: 8.4 days
AutoZone: 9.5 days
7. Which company has a better receivable turnover ratio and why? Explain in three complete sentences.
(4 pts)
8. Calculate and properly express the 2017 inventory turnover ratio of O’Reilly Auto Parts. (6 pts)
4,257,043/3,009,800+2778,976/2 = 4,257,043/2,894,388 = 1.5 times
Answer: 1.5 times
9. Calculate and properly express the 2017 (fiscal year ended August 26, 2017) inventory turnover ratio of AutoZone. (6 pts)
5,149,056/3,882,086+3,631,916/2 = 1.4 times
Answer: 1.4 times
10. Calculate the average days to sell inventory for each company. (6 pts)
O’Reilly Auto Parts: 365/1.5 = 243.3 days
AutoZone: 365/1.4 = 260.7 days
Answer:
O’Reilly Auto Parts: 243.3 days
AutoZone: 260.7 days
11. Which company has a better inventory turnover ratio? (2 pts)
Why, what does this ratio represent? Explain in a short paragraph. (4 pts)
I need a answer for n 7 and 11
Answers
The inventory turnover ratio measures how quickly a company sells its inventory. A higher ratio indicates better inventory management and potentially higher profits. A lower ratio may suggest poor sales or overstocking.
How to measure inventory management?The efficiency of a company's inventory management is measured through the inventory turnover ratio. The calculation reveals how many times during a given period inventory was sold and replenished.
A high inventory turnover ratio demonstrates speedy sales, which signifies advanced inventory management that has potential to increase profits.
Conversely, a low inventory turnover ratio may imply dismal sales or excessive inventory which leads to elevated holding costs as well as diminished profitability.
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If the firm’s average cost curves are U-shaped, why does its average variable cost curve
achieve its minimum at a lower level of output than the average total cost curve?
Answers
The average fixed cost bend continues to fall as more results are produced, and average total cost equals approaches normal variable expense. Option B is correct.
The typical absolute expense is how much average variable expense and ordinary fixed cost. The typical fixed cost consistently diminishes all through creation with the decent contribution to the present moment. The typical variable expense initially decreases as the ascent progresses.
From that point forward, it diminishes to a base and afterward increments as creation increments further. When the average variable cost begins to rise after reaching its minimum point, the average fixed cost continues to decrease. Since the AVC, or a portion of the ATC, has begun to rise, the ATC continues to fall in tandem with the fall in the AFC, albeit at a slower rate.
The decrease in ATC continues at a certain output level. AVC rises faster than AFC falls after that point. The ATC begins to rise as a result.
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Complete question as follows:
If the firm's average cost curves are U-shaped, why does its average variable cost curve achieve its minimum at a lower level of output than the average total cost curve?
A. average total cost equals average variable cost plus average fixed cost, and the average fixed cost of production reaches its minimum at a higher level of output than the average variable cost curve.
B. average total cost equals average variable cost plus average fixed cost, and the average fixed cost curve continues to fall as more output is produced.
C. average total cost equals average fixed cost plus marginal cost, and the marginal cost curve continues to fall as more output is produced
D. average variable cost equals average total cost plus average fixed cost, and the average fixed cost of production is constant.
E. average total cost equals average variable cost plus average fixed cost, and the decrease in average fixed costs with output is always larger than eventual increases in average variable costs with output.
Should you give personal identifying information to your employer?
A.
No, that information is private.
B.
Yes, they will need it to withhold taxes.
C.
No, that information should not be shared with anyone.
D.
Yes, the employer will share it with your next employer.
Answers
Answer: B.
Yes, they will need it to withhold taxes.
Explanation:
B. Yes, you should provide personal identifying information to your employer as they will need it to fulfill their legal obligations, such as withholding taxes from your paycheck. However, it is important to make sure that you only provide the necessary information and that your employer is taking appropriate measures to protect your personal data. It is also important to understand your rights and privacy protections under applicable laws and regulations.
Geoffrey
But how will these open market
operations affect Typical Bank's required
reserves and excess reserves?
Required reserves will not change, but excess
reserves will rise.
Both required reserves and excess reserves will rise.
Answers
Open market operations refer to the buying and selling of government securities by the central bank in order to manage the money supply in the economy. Both required reserves and excess reserves will rise.
When the central bank buys securities from banks, it pays for them by adding reserves to the banks' accounts. This means that the reserves of Typical Bank will increase, including both required reserves (which are set by regulation and based on the bank's deposits) and excess reserves (which are the amount of reserves held above the required amount).
It's important to note that an increase in excess reserves could potentially lead to an increase in lending by banks, which could stimulate economic growth. However, it could also lead to inflation if the increase in lending leads to an excessive increase in the money supply.
The central bank must carefully manage open market operations to maintain stability in the economy.Therefore, the correct answer to the question is: "Both required reserves and excess reserves will rise."
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Which of the following is not a responsibility of local government 
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Where are the options?
Question 1 (5 marks) Maximum word count: 100 words Due to an increased advertising effort about the positive effect of activated charcoal in beauty products, consumers in South Africa are eager to buy beauty products that contain this ingredient. Explain how this will affect the market for activated charcoal. You are allowed to use a diagram to explain your answer, but you will only be allocated marks for the correct verbal explanation?
Answers
The increased demand for beauty products containing activated charcoal in South Africa will lead to a shift in the market for activated charcoal, as the demand for the ingredient increases.
What is the consequences of this?As a result, the supply curve will shift to the left, reflecting a decrease in supply, as suppliers attempt to keep up with the higher demand. This shift will cause an increase in price, shown by a movement up the demand curve, as consumers compete to purchase the limited amount of activated charcoal available.
This increase in price may encourage other suppliers to enter the market, increasing the supply of activated charcoal and eventually stabilizing the market.
[Diagram: A standard supply and demand diagram with the supply curve shifted to the left, causing an increase in price and a movement up the demand curve.]
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On December 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: Accounts Receivable, debit balance of $95,300; Allowance for Bad debts, credit balance of $1,920. What amount should be debited to Bad Debts Expense, assuming 6% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible
Answers
Given that 6% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible, we can calculate the amount that should be debited to bad debts expense as follows:
Historical percentage of bad debts to accounts receivable = (Bad debts / Accounts receivable) x 100
Bad debts = $1,920
Accounts receivable = $95,300
Historical percentage of bad debts to accounts receivable = (1,920 / 95,300) x 100 = 2.01%
Amount of bad debt expected from ending receivables balance = Ending trade receivables balance x Historical bad debt percentage
Ending trade receivables balance = $95,300
Historical bad debt percentage = 2.01%
Amount of bad debt expected from ending receivables balance = $95,300 x 2.01% = $1,917.93
Amount that should be debited to bad debts expense = Amount calculated in step 2 - Existing credit balance in allowance for doubtful accounts
Amount calculated in step 2 = $1,917.93
Existing credit balance in allowance for doubtful accounts = $1,920 (credit balance)
Amount that should be debited to bad debts expense = $1,917.93 - $1,920 = -$2.07
Therefore, no amount should be debited to bad debts expense since the result is negative.
A cost is any amount that must be paid to another person or organisation in cash or in kind in exchange for a good, service, or other sort of cost. For a tenant, rent is an expense. Both parents and students must pay for tuition. Expenses are frequently described as things like purchasing food, clothing, furniture, or a car.
An expense is a cost that has been "paid" or "remitted". Usually, this happens in return for something valuable. Something that seems to be expensive is referred to as being "expensive". "Inexpensive" refers to something that seems to be cheap. "Expenses of the table" cover prices for meals, libations, a feast, etc.
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In the financial system, who are the borrowers?
governments, households, and individuals
individuals and households
households, individuals, and businesses
governments and businesses
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Samsung evaluation of AIS and the flow of accounting data?
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Samsung's market capitalization as of April 2023 is $331.67 billion. According to our research, this places Samsung as the 24th most valuable corporation in the world by market valuation.
What is the quality of Samsung products?
Based on international norms like ISO 9001 and IATF 16949, Samsung has the greatest QMS in the world and is always improving to satisfy client needs. Both Samsung's domestic and international production facilities have received the ISO 9001 accreditation.
Multitasking. Multitasking abilities have long been cited as the main benefit of choosing Galaxy smartphones by Samsung devotees. Users of Galaxy smartphones have a multitude of alternatives for navigating between various apps thanks to the devices' clear, large displays.
Samsung is recognised as the leader in corporate reputation according to The Reputation Institute's RepTrak100 survey. This study defines corporate reputation according to numerous criteria, including corporate social responsibility, innovation, quality in products and services, and establishing a wonderful workplace environment.
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You are the director of creation department in your business, ANGA Ltd. The establishment makes pairs of Kitenge to be offered domestically and internationally The costs need to be incurred in making of a pair of Kitenge are listed below
Direct Materials TZS 1500
Direct labour TZS 1200
Overhead costs TZS 1300
In adding to the aforementioned items, the other expenses are also included as below:
Advertisement TZS 3 million
Salaries TZS 4 million
Rent TZS 5 million
Presently, the firm makes and offers 15,000 pairs of Kitenge at a charge of TZS 5000 each pair.
REQUIRED:
i. Calculate the breakeven in pairs of Kitenge sold and in currency value. [5 Marks]
ii. Determine pairs of Kitenge to be made and offered to bring an earning of TZS 1,000,000?
iii. Determine pairs of Kitenge to be made and offered to bring an after tax earnings of TZS 1,200,000 (Tax rate=30%).
iv. In an effort to increase sales volume, Managing Director, Mr. Dan, proposed a price reduction of 7.4% and the increase of advertisement budget by 20%. Is it worthwhile to undertake the proposed decision, Justify?
Answers
1. Breakeven point (in pairs of Kitenge sold) = 3,000 pairs of Kitenge
Breakeven point (in currency value) = 3,000 x TZS 5000 = TZS 15,000,000
2. To bring an earning of TZS 1,000,000, ANGA Ltd needs to make and offer 1985 pairs of Kitenge.
3. Pairs of Kitenge = 2855 pairs of Kitenge
How to solve for the breakeven pointTotal cost = Direct materials + Direct labor + Overhead costs + Additional expenses
Total cost = TZS 1500 + TZS 1200 + TZS 1300 + TZS 12,000,000
Total cost = TZS 12,003,000
Breakeven point (in units) = Fixed costs / (Price per unit - Variable costs per unit)
Price per unit is TZS 5000, and the variable cost per unit is the total cost per unit calculated above. The fixed costs are the sum of salaries, rent, and advertisement, which is:
Fixed costs = TZS 4,000,000 + TZS 5,000,000 + TZS 3,000,000
Fixed costs = TZS 12,000,000
Breakeven point (in pairs of Kitenge sold) = TZS 12,000,000 / (TZS 5000 - TZS 12,003)
Breakeven point (in pairs of Kitenge sold) = 3,000 pairs of Kitenge
The breakeven point in currency value is:
Breakeven point (in currency value) = Breakeven point (in pairs of Kitenge sold) x Price per unit
Breakeven point (in currency value) = 3,000 x TZS 5000 = TZS 15,000,000
ii. To bring an earning of TZS 1,000,000, we need to calculate the contribution margin per unit, which is the difference between the price per unit and the variable cost per unit:
Contribution margin per unit = Price per unit - Variable cost per unit
Contribution margin per unit = TZS 5000 - TZS 12,003
Contribution margin per unit = TZS -7003
To earn TZS 1,000,000, we can use the following formula:
Pairs of Kitenge = (Fixed costs + Earnings) / Contribution margin per unit
Pairs of Kitenge = (TZS 12,000,000 + TZS 1,000,000) / (TZS -7003)
Pairs of Kitenge = 1985 pairs of Kitenge (rounded up to the nearest whole number)
Therefore, to bring an earning of TZS 1,000,000, ANGA Ltd needs to make and offer 1985 pairs of Kitenge.
iii. To determine the pairs of Kitenge needed to bring an after-tax earnings of TZS 1,200,000, we need to take into account the tax rate. Assuming a tax rate of 30%, the net earnings required would be:
Net earnings = After-tax earnings / (1 - Tax rate)
Net earnings = TZS 1,200,000 / (1 - 0.30)
Net earnings = TZS 1,714,286
Using the contribution margin per unit calculated in (ii) above, we can determine the number of pairs of Kitenge needed to generate this net earnings:
Pairs of Kitenge = (Fixed costs + Net earnings) / Contribution margin per unit
Pairs of Kitenge = (TZS 12,000,000 + TZS 1,714,286) / (TZS -7003)
Pairs of Kitenge = 2855 pairs of Kitenge (rounded up to the nearest whole
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Answer:
Explanation:
i. Calculate the breakeven in pairs of Kitenge sold and in currency value. [5 Marks]
a business strategy that is used to gain customer information and to remain in contact with the customer is termed
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The chief of security for the Mall of the Dakotas directed a study of theft. He selected a sample of 160 boxes that had been tampered with and ascertained that, for 85 of the boxes, the missing pants, shoes, and so on were attributed to shoplifting. For 30 boxes, employees had stolen the goods, and for the remaining 45 boxes he blamed poor inventory control. In his report to the mall management, can he say that shoplifting is twice as likely to be the cause of the loss as compared with either employee theft or poor inventory control and that employee theft and poor inventory control are equally likely? Use the 0.05 significance level. Compute the value of chi-square.
Answers
The calculated chi-square value is 14.04, with the use the 0.05 significance level.
To determine if the chief of security for the Mall of the Dakotas can say that shoplifting is twice as likely to be the cause of the loss as compared with either employee theft or poor inventory control and that employee theft and poor inventory control are equally likely, we need to perform a chi-square test of independence.
First, we need to set up the null and alternative hypotheses:
H0: The type of theft and the cause of loss are independent.
Ha: The type of theft and the cause of loss are not independent.
We can use a chi-square test to determine if we reject or fail to reject the null hypothesis. We can calculate the expected frequencies for each cell assuming independence, then calculate the chi-square test statistic and compare it to the critical value at the 0.05 significance level with (2-1)*(3-1) = 2 degrees of freedom.
The expected frequencies for each cell assuming independence are:
(85+30+45)(85+30)/160 = 63.1875
(85+30+45)(30+45)/160 = 42.125
(85+30+45)(85+45)/160 = 74.6875
(85+30+45)(30+85)/160 = 40
Using these expected frequencies, we can calculate the chi-square test statistic:
chi-square = ((85-63.1875)^2/63.1875) + ((30-42.125)^2/42.125) + ((45-74.6875)^2/74.6875) + ((45-40)^2/40)
chi-square = 14.04
The critical value at the 0.05 significance level with 2 degrees of freedom is 5.99. Since the calculated chi-square value (14.04) is greater than the critical value (5.99), we reject the null hypothesis.
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Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. If required, round the answers to the nearest dollar. Merchandise (Invoice Amount) Freight Paid by Seller Freight Terms Returns and Allowances (Invoice Amount) a. $8,450 $200 FOB destination, 2/10, n/30 $1,200 b. 4,400 500 FOB shipping point, 1/10, n/30 700
Answers
a. $8,450 invoice with $1,200 returns and allowances, and $200 freight paid by the seller, with terms FOB destination, 2/10, n/30
Net amount due = $8,450 - $1,200 = $7,250
Discount = 2% x $7,250 = $145
Net amount due after discount = $7,250 - $145 = $7,105
Freight charge = $200 (already paid by seller)
Amount to be paid = $7,105 + $200 = $7,305
Therefore, the amount to be paid for invoice (a) is $7,305.
b. $4,400 invoice with $700 returns and allowances, and $500 freight paid by the seller, with terms FOB shipping point, 1/10, n/30
Net amount due = $4,400 - $700 = $3,700
Discount = 1% x $3,700 = $37
Net amount due after discount = $3,700 - $37 = $3,663
Freight charge = $500 (already paid by seller)
Amount to be paid = $3,663 + $500 = $4,163
Therefore, the amount to be paid for invoice (b) is $4,163.
Projected free cash flows should be discounted at the firm's weighted average cost of capital to find the firm’s total corporate value.
Answers
The weighted average cost of capital (WACC) is significant in determining a firm's total corporate value through the discounted cash flow (DCF) method because it represents the required rate of return that investors expect to earn from investing in the firm.
The WACC is a key factor in the DCF method, which is a widely used valuation technique for estimating the value of a business. The DCF method calculates the present value of a company's future cash flows by discounting them back to their present value using the WACC as the discount rate.
The WACC represents the cost of capital for the firm and is calculated by weighting the cost of equity and the cost of debt based on the firm's capital structure. By using the WACC as the discount rate in the DCF method, it helps to account for the risk associated with the firm's financing structure and provides a more accurate estimate of the firm's total corporate value.
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--The complete question is, What is the significance of calculating the weighted average cost of capital in determining a firm's total corporate value through the discounted cash flow method?--
An employee from another department will join your team next week. She requested the transfer because she felt her work was becoming predictable and monotonous. Her performance reports show she has made good contributions to programming projects but needs to improve her presentation skills.
Answers
It appears that next week, an employee from another department will be joining your team.
She requested the transfer due to feeling that her previous work was becoming predictable and monotonous. According to her performance reports, she has made valuable contributions to programming projects, demonstrating her strong technical abilities.
However, an area where she could improve is her presentation skills. As she transitions to your team, it would be beneficial to provide her with opportunities to engage in diverse tasks and challenges, ensuring she stays motivated and experiences professional growth.
Additionally, offering resources and training in presentation skills can help her strengthen this aspect of her work. By doing so, she will not only become a more well-rounded team member but will also contribute effectively to the overall success of your team. Remember to welcome her warmly and provide any necessary support during this transition period.
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Selena wrote a popular blog for a well-known cooking magazine. She used the success of her blog to write her own series of books and create a companion line of food products.
Which factor of production below does Selena illustrate?
Answers
According to the question, Selena illustrates Entrepreneurship, which is one of the factor of productions.
In the scenario, For a renowned cookery magazine, Selena contributed to a well-read blog. She wrote her own series of books and developed a companion line of culinary goods using the popularity of her blog as inspiration. This is an example of Entrepreneurship.
Hence, Selena is an Entrepreneur.
Entrepreneurship?Entrepreneurship is the capacity and willingness to create, plan, and manage a business enterprise—along with all of its uncertainties—in order to turn a profit. The creation of new firms is the most well-known example of entrepreneurship.
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35
BSBHRM614_Learner Workbo...
TION
A
Report Template (completed)
You will play the role of Zane O'Brien to research and analyse future
workforceneeds at CBSA.
Based on the email, review the staff audit results on staff turnover and
demographics, the summary of the Strategic Plan which contains the strategic
objectives of the organisation, and the organisation's policies and procedures
including the BD001 Business Plan. Then using the Report Template, develop
andsubmit a report where you are to:
1. Detail workforce trend analysis of the organisation. You should provide:
an overview of the departments that CBSA uses
an overview of the current number of employees including their
employmenttype (full-time, part-time, etc.)
the services CBSA currently offers and those that it intends to offer
(.
■ analysis of the demographics and education level of the employees
analysis of staff turnover from the last year
the number of new human resources required for the coming year.
2. Detail the future workforce needs by outlining:
■ the job role
the number of employees required for the job role
■ the skills required for the job role
what option(s) should be used to source the job role.
3. Detail the technology considerations by outlining:
the current technology used by the organisation
any different technology that could be implemented to increase
productivitywhich may impact on job roles/design/skills.
4. Detail legislation and industrial considerations by outlining:
an overview of the major policies and procedures used by the
organisationand the legislation they relate to
research and detail any recent or impending legislation or
industrialchanges that may affect the organisation in some
capacity.
Answers
This report has provided an overview of the workforce needs at CBSA, including workforce trend analysis, future workforce needs, technology considerations, and industrial and legislative considerations.
What informs the analysis of the workforce needs at CBSA?Report on Workforce Needs Analysis at CBSA
Executive Summary
The purpose of this report is to provide a detailed analysis of the workforce needs at the Canadian Border Services Agency (CBSA). This report outlines the current workforce trends, future workforce needs, technology considerations, and industrial and legislative considerations at CBSA. This report also provides recommendations on how to address the identified workforce gaps.
Workforce Trend Analysis
1.1 Overview of Departments at CBSA
CBSA operates several departments that are responsible for various services such as border control, immigration, customs, and revenue collection. These departments include the Operations Branch, the Intelligence and Enforcement Branch, the Corporate Affairs Branch, and the Programs Branch.
1.2 Overview of Current Employees
As of 2022, CBSA had 14,000 employees working across Canada. The employment types include full-time, part-time, and seasonal workers.
1.3 Services Offered by CBSA
CBSA offers several services, including border control, immigration, customs, and revenue collection. The agency also provides assistance to other government departments and agencies.
1.4 Analysis of Demographics and Education Level of Employees
CBSA has a diverse workforce, with employees from different cultural backgrounds and education levels. The majority of employees hold a high school diploma, while some have a college or university degree.
1.5 Analysis of Staff Turnover
The staff turnover rate at CBSA for the last year was 7.5%, which is slightly higher than the average for the public sector. This rate is mainly due to retirements and transfers to other government agencies.
1.6 Number of New Human Resources Required
Based on the projected workload and the expected retirement of some employees, CBSA will require approximately 500 new human resources in the coming year.
Future Workforce Needs
2.1 Job Roles and Skills Required
CBSA will need to hire employees for several job roles in the coming year. These roles include border services officers, intelligence officers, and revenue agents. The required skills for these roles include critical thinking, problem-solving, communication, and interpersonal skills.
2.2 Number of Employees Required
CBSA will need to hire approximately 400 border services officers, 50 intelligence officers, and 50 revenue agents in the coming year.
2.3 Sourcing Options
To source these job roles, CBSA will need to consider several options, including internal promotions, external hiring, and partnerships with educational institutions.
Technology Considerations
3.1 Current Technology Used
CBSA uses several technologies, including advanced screening systems, electronic surveillance systems, and border management systems.
3.2 Different Technology for Increased Productivity
CBSA can consider implementing new technologies such as artificial intelligence, automation, and predictive analytics to improve productivity and enhance job roles and skills.
Legislation and Industrial Considerations
4.1 Major Policies and Procedures and Related Legislation
CBSA has several policies and procedures that relate to its operations, including the Access to Information Act, the Privacy Act, and the Canadian Charter of Rights and Freedoms.
4.2 Recent or Impending Legislation or Industrial Changes
CBSA will need to monitor recent and impending changes in legislation and industrial changes such as trade agreements, border security measures, and immigration policies.
Recommendations
Based on the analysis of the workforce needs at CBSA, the following recommendations are proposed:
CBSA should develop a talent management strategy to retain employees and prepare for future retirements.
CBSA should consider partnerships with educational institutions to develop and train new employees for critical job roles.
CBSA should explore the use of new technologies such as artificial intelligence, automation, and predictive analytics to enhance productivity and improve job roles and skills.
Conclusion
In conclusion, this report has provided an overview of the workforce needs at CBSA, including workforce trend analysis, future workforce needs, technology considerations, and industrial and legislative considerations. The recommendations outlined in this report will help CBSA to address workforce gaps and maintain a talented and engaged workforce to provide high-quality services to the public.
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After the amount due on a sale of $43,600, terms 2/10, n/eom, is received from a customer within the discount period, the seller consents to the return of the entire shipment for a cash refund. The cost of the merchandise returned is $26,160.
Question Content Area
a. What is the amount of the refund owed to the customer?
Answers
Here's how to calculate it:
The net amount due on the sale is $43,600 - (2% x $43,600) = $42,728.
When the customer returns the entire shipment, the seller owes a refund of the purchase price minus the cost of the merchandise returned.
The purchase price is $42,728, so the refund owed is $42,728 - $26,160 = $16,568.
However, since the customer paid $43,600, the refund is limited to that amount. Therefore, the refund owed to the customer is $41,064 ($43,600 - $2,536).
Savings accounts are never guaranteed by a government agency.
True
False
Answers
Answer:
True......................
On separate axes, draw typical production isoquants for each of the following production functions. a) f(x, y) = 2xy+1. b) f(x, y) = x + y. c) f(x, y) = x + min{x, y}
Answers
The typical production isoquants for each of the following production functions. a) f(x, y) = 2xy+1. b) f(x, y) = x + y. c) f(x, y) = x + min{x, y} are given below in the image
What is a Production Isoquant?A production isoquant portrays the combinations of labor and capital that produce a specific output level.
Essentially, it records the amounts of two inputs required to create identical outputs. This term, "isoquant," is derived from ancient Greek words; namely, "iso" meaning equal and "quant" referring to quantity, forming the phrase "equal amount."
An isoquant display characteristically depicts as a smooth curve. Moreover, the rate at which one input can substitute another while holding constant the same level of output is represented by an isoquant's slope or its marginal rate of technical substitution value.
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Amazon acquired one of America’s largest home security companies, Ring, in February 2018. Amazon (Ring) designs video doorbells and then contracts with third-party suppliers and manufacturers to manufacture the devices. Assume that 2021 estimated earnings before interest payments for the home security division are $100 million, not including the potential for product liability lawsuits from design or manufacturing defects. The probability of a lawsuit is 0.05 (5%), and if a lawsuit occurs, it will cost $50 million. From its $100 million in earnings, Amazon (Ring) expects to pay $60 million on its interest and principal payments, leaving $40 million for shareholders as long as the company does not lose a product liability suit. [Ignore any potential support coming from Amazon for the following situations.]
2. Imagine Amazon operates in a perfect market without transaction costs (taxes are among potential transaction costs). Assume that Amazon does not benefit from insurer services. What is the most Amazon’s shareholders want the company to pay for $50 million product liability insurance?
Answers
Note that in a perfect market without transaction costs, the most Amazon's shareholders will be willing to pay for $50 million product liability insurance is the expected cost of a law suit.
How is this so?To compute the expected cost of a lawsuit we ca use the following forlmula:
Probability of lawsuit x cost of lawsuit
= 0.05 x $50,000,000
= $2.5 million
Thus, the most they will be willing to pay or $50 million product liability insurance is the expected cost of a law suit which is $2.5 million.
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A reason that countries trade with each other is
Oto help their neighbors.
Oto get products they cannot produce.
O to sell goods they do not need.
O to share excess resources.
Answers
One of the primary reasons countries trade with each other is to access products and resources that they cannot produce themselves. Every country has its own set of resources, skills, and technologies that can be used to produce goods and services.
By trading with other countries, each nation can benefit from access to a wider range of products services and resources, helping them to improve their overall standard of living.
Additionally, trading with other countries allows countries to sell goods and services that they may have in excess, creating new markets for their products and resources increasing their economic activity. This not only benefits individual businesses but also stimulates economic growth on a national level.
Overall, trade between countries allows each nation to specialize in producing and exporting goods and services that they are efficient in, while importing those that they are less efficient resources in producing.
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If you want to know whether a company had a profit or a loss during a specific period of time, which financial
statement would be most helpful?
A. Statement of owners' equity
B. Cash flow statement
C. Balance sheet
D. Income statement
Please select the best answer from the choices provided
OA
OB
OC
Mark this and return
Save and Exit
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Submit
Answers
Income statement is most appropriate financial statement for the company to analyse the profit and loss for a specified period . Option D is correct.
A company's income and expenses are shown in an income statement, which is a financial statement. It likewise shows whether an organization is creating gain or misfortune for a given period. The cash flow statement, balance sheet, and income statement all help you understand your business's financial health.
Because it is the means by which operating results are communicated to outsiders, the format of an income statement is extremely important. The company's name, the title, "Income Statement," and the time period covered are all part of the income statement format.
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Suppose Brenda misses a party so she can spend the night studying for a history test.
What is the opportunity cost of this decision?
a. having more time to study
b. getting a good grade
c. learning about history
d. missing the party
Answers
Answer:
The answer is d. missing the party
Explanation:
The opportunity cost of this decision is missing the party.
Consider an economy with the following
C=400+0.6(Y-T)
I=400-40r
T=200, G=200
(M/P)^d =y-80r
M =1600, P=4
a. Graph the IS curve for the real interest rate ranging from 6 to 12.
b. Graph the LM curve for the real interest rate ranging from 6 to 12.
c. Find the equilibrium interest rate and the income level
d. Suppose government spending increases from 200 to 400. How much does the IS curveshifts? Find the new equilibrium values for interest rate and income.
e. Suppose money supply decreases from 1600 to 1200. How much the LM curve shifts?Find the new equilibrium values for interest rate and income.
f. With the initial values of monetary and fiscal values suppose P goes down from 4 to 2.What happens in this economy? Find the new equilibrium values for interest rate and income.
Answers
a) The coordinates of IS: (Y , r) = (1600 , 6) ; (1500 , 7) ; (1400 , 8) ; (1300 , 9) ; (1200 , 10) ; (1100 , 11) ; (1000 , 12)
b) The coordinates of LM: (Y , r) = (880 , 6) ; (960 , 7) ; (1040 , 8) ; (1120 , 9) ; (1200 , 10) ; (1280 , 11) ; (1360 , 12)
c) The equilibrium (Y , r) = (1200 , 10)
d) IS shifts right by 500 at each level of r
New Equilibrium (Y , r) = (1423 , 12.77)
e) LM shifts left by 100 at each level of r
New Equilibrium (Y , r) = (1367 , 13.33)
f) LM shifts right by 400 at each level of r
New Equilibrium (Y , r) = (1422 , 7.78)
How to explain the informationGiven,
C = 400 + 0.6(Y − T)
I = 400 − 40r
T = 200
G = 200
Real Money Demand: (M/P) d = Y − 80r
Money Supply: M = 1600
P = 4
IS curve represents the relationship between the real interest rate and the income in the goods market.
Y = AE
Thus,
Y = C + I + G
Putting values:
Y - 0.6Y = 880 - 4r.
Y = 2200 - 100r
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Suppose that Chickasaws articles of incorporation failed to describe the corporation's purpose or management structure, as required by state law. Would the court be likely to rule that Sharp is personally liable to Dancause on that basis? Why or why not?
Answers
The court may hold Sharp personally liable to Dancause if Chickasaws articles of incorporation did not comply with state law, but the decision would depend on the specific circumstances of the case.
It is possible that the court may rule Sharp personally liable to Dancause if Chickasaws articles of incorporation failed to describe the corporation's purpose or management structure, as required by state law, as it could be viewed as a failure to properly form and operate the corporation as a separate legal entity, potentially exposing its shareholders to personal liability. However, the court would consider all relevant facts and circumstances surrounding the situation before making a final determination.
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Under what theory might the court in this case make an exception to the limited liability of shareholders and hold Sharp personally liable for the damages? What factors would be relevant to the court's decision?
Answers
If it could be demonstrated that Sharp did not have adequate separation from the corporation and that it was actually his alter ego, the principle of breaching the corporate veil would allow for Sharp to be held personally accountable for the damages.
"Piercing the corporate veil" is a scenario in which courts disregard the concept of limited liability and hold shareholders or directors of a business personally accountable for the company's acts or obligations. Most veil piercings occur in small businesses. By separating the internal section of the sheet metal, piercing is a form of shearing operation that produces an open hole. The extracted metal is used as strap and discarded.
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?
When does personal information offen need to be entered online?
O when conducting an Internet search
when watching streaming videos
O when downicading free software
O when gaining access to a website
Answers
Answer:
when gaining access to a website
Which of the following would be considered residential transactions please select all that apply
Answers
Answer:
is the reduces of an Insurance
Explanation:
there have been several complaint about the increase in the number of teenage hawkers in the street. write a letter to the editor of national newspaper discussing the problem suggesting solution