Bayou Financial Corporation holds a security interest in property owned by Cajun Farms. Perfection of this security interest may not protect Bayou against the claim of:_______

a. a bank.
b. a buyer in the ordinary course of business.
c. a subsequent lien creditor.
d. a trustee in bankruptcy.

Answers

Answer 1

Answer:

a

Explanation:


Related Questions

Explain why a finance manager need to understand accounting information even if the firm has a trained accountant on its staff.

Answers

Answer:

Following are the solution to the given question:

Explanation:

A financial manager should understand adequate information on accountancy. This is irrespective of whether the business does have a trained counterpart.

Accountancy is a necessary input into the function of financial management. Throughout the extent, as accounts were important input in financial decision-making is closely connected with both the interaction between finance and financial.

Accrual analysis provides information mostly on the company's operations. The result of the accountancy is accounts like the income statement, the income statement, and the position financial adjustments report. The information in such statements helps money advisors assess a company's previous growth and career projections.

The purpose of accountancy in the choice process is to gather and provide financial data on the institution's past, present, and future activities.

During the economic transaction, the finance department uses these data. This is not possible for money advisors to collect data or to make choices from accounts. And an investor's primary focus is to collect data and display it, whereas budgeting, control, and judgment are the main job of a financial manager. In a sense, financial management starts at the end of accountancy.

You are the owner of a smoothie shop in California. Afterhearing a podcast about customer relationship management (CRM), youdecide to gather more information regarding customer behavior inyour store to better understand the relationships that existbetween your business and your customers. CRM is a comprehensivebusiness model for increasing revenues and profits by focusing oncustomers.Customer Lifetime Value (CLV) is particularly importantwhen it comes to CRM and is often considered one of the mostcrucial metrics associated with a CRM system. Collecting data oncustomers and their relationships with a company (and commonlystoring it within a CRM system) helps make it possible to calculateCLV, or the total amount a customer will spend throughout theirrelationship with a company.
After a review and analysis of your customer data you are ableto determine the following information:
Average Value of Sales per Year per Customer: $120
Average Customer Retention Cost: $75
Customer Acquisition-oriented Marketing Expenses per Month:$1,000
Average Customer Retention Rate: 80%
You acquire an average of 25 new customers a month.
Use the following equations to help determine the CLV:
Average Customer Acquisition Cost = CustomerAcquisition-oriented Marketing Expenses per Month/Number of NewCustomers Acquired per Month
Customer Lifetime Value = [1/(1-Average Customer Retention Rate)] x(Average Value of Sales per Year per Customer)- (Average customerAcquisition Cost + Average Customer Retention Cost)
This activity is important because marketing managers need tounderstand and know how to calculate customer lifetime value as apart of customer relationship management. Knowledge of CLV caninform a number of critical marketing decisions related to suchfactors as the development of strategies designed to aid in theacquisition, nurturing, and retention of customers.
The goal of this exercise is to test your understanding of CLVby considering this example.
You must (1) complete the spreadsheet and (2) answer thequestions that follow to receive full credit for this exercise.

Answers

Answer:

Average Customer Retention rate = 80%  

Average Value of Sales per year per customer = $120  

Average customer acquisition cost = Customer acquisition oriented market expenses per month/  

number of new customers acquired per month  

[tex]=\frac{1000}{25} = 40[/tex]  

Average customer retention cost = $75  

CLV =[1/(1- Average customer retention rate)] x (average value of sales per year per customer)-(average customer acquisition cost + average customer retention cost)  

[tex]= [1/(1-0.8)] x 120-(40+75)[/tex]

=$485  

A) Average customer retention rate =90%  

B) Average value of sales per year per customer = $125  

C) Average customer acquisition cost =$60  

D) Average customer retention cost =$100  

CLV = [1/(1- Average customer retention rate)] x (average value of sales per year per customer)-(average customer acquisition cost + average customer retention cost)  

[tex]= [1/(1-0.9)] x 125 - (60+100)[/tex]

E) Customer Lifetime Value = 1090

Explanation:

Here are the spreadsheets.

Dermody Snow Removal's cost formula for its vehicle operating cost is $3,080 per month plus $338 per snow-day. For the month of December, the company planned for activity of 20 snow-days, but the actual level of activity was 22 snow-days. The actual vehicle operating cost for the month was $10,130. The spending variance for vehicle operating cost in December would be closest to:

Answers

Answer:

$386 U

Explanation:

Calculation to determine what The spending variance for vehicle operating cost in December would be closest to:

Actual results $10,130

Less Flexible budget $10,516

($3,080+($338 per*22 snow-days)

Spending variance $386 Unfavorable

Therefore The spending variance for vehicle operating cost in December would be closest to:

$386 Unfavorable

Reasons why South African post office taking private courier companies to court(10)​

Answers

Answer:

Not sure how but could be for antitrust and breaching anti-competition laws. Unlikely cause could be for defamation

Division of labor and specialization

Answers

Answer:

Division of Labour vs Specialization. Basically, both these concepts involve dividing the main process into different tasks, assigning each task to individual workers or group of workers. Thus, there is no significant difference between division of labour and specialization.

Explanation:

Sheridan Corporation had 2020 net income of $798,000. During 2020, Sheridan paid a dividend of $2 per share on 33,200 shares of preferred stock. During 2020, Sheridan had outstanding 236,000 shares of common stock.

Required:
Compute Sheridan's 2020 earnings per share.

Answers

Answer:

$3.10 per share

Explanation:

Total preferred dividend = 33,200 shares * $2

Total preferred dividend = $66,400

Earning per share = (Net income - Preferred dividend) / Number of common stock outstanding

Earning per share = ($798,000 - $66,400) / 236,000 shares

Earning per share = $731,600 / 236,000 shares

Earning per share = $3.10 per share

Please research employment opportunities in the accounting field and provide insight into the relevance and usefulness of Excel in relation to the job title/description. Please explain how a potential candidate could leverage the functionality of Excel to make their every-day tasks efficient, effective and accurate.

Answers

Answer:

Following are the responses to the given question:

Explanation:

The progress throughout the financial sector does not take a confined path. One can move to more responsible roles when you're on the broad route to changing industries, receiving certificates, or switching disciplines — without even being derailed. Select from the range of staff inside the broad fields of public accountancy. You could be a lead financial official or a partner in a company of qualified checksum. A height of your career.

Although the accounting foundation is founded upon consistent accounting practices, the accountants can apply this theory in many various ways.

Employment accounts governmental and non-profit:

Accounting FundJobs of IRS

Public Accounting Jobs:

Estimated CostForensic Accountable Enrolled AgentImmobilien AssessorAccountant TaxationFiscal ProsecutorsPreparing tax

Jobs in private accounting:

Clerk of AccountingPayable/Deputy Clerk AccountsSystem Accounting SpecialistActuarial accountant/accountant insuranceBookkeepingAnalyst for the budgetAccountant of capitalFinancial Controller/Control OfficeAccountant costsMeasurement of environmental accountant/sustainabilityAccountant payroll

Fiscal Services:

Specialist in Business ValuationCertificated Financial PlannerFiscal AnalystAdvisor on taxes

Accounts only include the cash that can be represented financially. Some individuals call accountancy "the language of business," as well as its objective is to allow accountancy users to make better choices

This included many tasks performed by the CPAs for its clients:

Asset records collection and maintenanceAssess banking transactions and make key management for optimum financial practicesReviewing accounting system and financial accounting to verify that they are effective and conform with approved accounting standards and proceduresTax documents and related tasks

Your sister just deposited $5,500 into an investment account. She believes that she will earn an annual return of 8.8 percent for the next 6 years. You believe that you will only be able to earn an annual return of 8 percent over the same period. How much more must you deposit today in order to have the same amount as your sister in 6 years

Answers

Answer:

$5749.02

Explanation:

The first step is to determine the future value of my sister's deposit

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years

5500 (1.088)^6 = $9122.97

the second step is to determine the present value of  $9122.97 using an interest rate of 8%

$9122.97 / (1.08)^6 = $5749.02

Suppose banks increase excess reserves by $ 471845 . If the reserve ratio is 12 percent, what is the maximum increase in the money supply

Answers

Answer:

$3,932,025.94

Explanation:

Multiplier = 1 / rr

Multiplier = 1 / Reserve ratio

Multiplier = 1 / 0.12

Multiplier = 8.3333

Increase in money supply = Multiplier * Increase in excess reserves

Increase in money supply = 8.3333 * $471,845

Increase in money supply = $3,932,025.94

So, the maximum increase in the money supply is $3,932,025.94.

On January 1, 2012, Fei Corp. issued a 3-year, 5% coupon, $100,000 face value bond. The bond was priced at an effective interest rate of 8%, yielding proceeds of $92,137. This is the first and only bond that Fei has ever issued.
Fei’s Statement of Cash Flows for fiscal year 2012 had the following line items:
2012 2011
Net Income $11,500 $10,350
Depreciation $25,478 $23,675
Amortization of Bond Discount $2,418 $0
What was Fei’s Interest Expense on the bond during fiscal year 2012?
a. $2,418
b. $7,371
c. $7,418
d. $8,000
e. $5,000

Answers

Answer:

c. $7,418

Explanation:

Calculation to determine What was Fei’s Interest Expense on the bond during fiscal year 2012

Using this formula

Interest Expense =Interest payable+Amortization of bonds discount interest expense

Let plug in the morning

Interest Expense=(5%*100,000)+$2,418

Interest Expense=$5,000+$2,418

Interest Expense=$7,418

Therefore Fei’s Interest Expense on the bond during fiscal year 2012 is $7,418

What is true about the relationship between household consumption and disposable income?

Answers

Answer:

Both have positive relationship with each other

Explanation:

In simple words, Consumption rises in lockstep with current revenue and that the higher the marginal inclination to purchase, the much more present expenditure is influenced by current disposable revenue . The consumption-smoothing impact is higher when the marginal willingness to consume is low.

  Thus, from the above we can conclude that both have non linear positive relation.

Please be prepared to give your presentation on the monthly sales figures at our upcoming staff meeting. In addition to the accurate accounting of expenditures for the monthly sales, be ready to discuss possible reasons for fluctuations as well as possible trends in future customer spending. Thank you. The main focus of the presentation will be _

Answers

Answer:

The main focus of presentation will be Sales forecast and expected revenue.

Explanation:

In the presentation the main focus will be the sales forecast. The monthly budgeted sales will be presented to the team and target should be made realistic so that they are achievable. There can be fluctuations in the sales because of seasonal effect or due to some other reasons. The trend should be analyzed before determining the sales targets.

Lowden Company has a predetermined overhead rate of and allocates overhead based on direct material cost During the current period direct labor cost is 58,000 and direct materials cost is $ 88,000 . How much overhead cost should Lowden Company should apply in the current period

Answers

Answer:

$138,160

Explanation:

Calculation to determine How much overhead cost should Lowden Company should apply in the current period

Using this formula

Overhead =157%*Direct material cost

Let plug in the formula

Overhead=157%*88,000

Overhead=$138,160

Therefore the amount of overhead cost that Lowden Company should apply in the current period is $138,160

Machine 1 has a monthly lease cost of $647, and there is a cost of $0.033 per page copied. Machine 2 has a monthly lease cost of $785, and there is a cost of $0.048 per page copied. Customers are charged $.08 per page copied. If Benny expects to make 97,000 copies per month, what would be the monthly cost for each machine

Answers

Answer:

Results are below.

Explanation:

Giving the following information:

Machine 1:

Fixed cost= $647

Unitary variable cost= $0.033

Machine 2:

Fixed cost= $785

Unitary variable cost= $0.048

The total cost for 97,000 copies:

Machine 1:

Total cost= 647 + 0.033*97,000

Total cost= $3,848

Machine 2:

Total cost= 785 + 0.048*97,000

Total cost= $5,441

At the beginning of June, Circuit Country has a balance in inventory of $2,050. The following transactions occur during the month of June.

June 2 Purchase radios on account from Radio World for $1,750, terms 2/15, n/45.
June 4 Pay cash for freight charges related to the June 2 purchase from Radio World, $210. June 8 Return defective radios to Radio World and receive credit, $200.
June 10 Pay Radio World in full. June 11 Sell radios to customers on account, $3,100, that had a cost of $2,250.
June 18 Receive payment on account from customers, $2,100.
June 20 Purchase radios on account from Sound Unlimited for $2,850, terms 2/10, n/30.
June 23 Sell radios to customers for cash, $4,350, that had a cost of $2,650.
June 26 Return damaged radios to Sound Unlimited and receive credit of $500.
June 28 Pay Sound Unlimited in full.

Required:
a. Assuming that Circuit Country uses a perpetual inventory system, record transactions using the following account titles: Cash, Accounts Receivable, Inventory, Accounts Payable, Sales, and Cost of Goods Sold.
b. Prepare the top section of the multiple-step income statement through gross profit for the month of June.

Answers

Answer:

Circuit Country

a. Journal Entries:

June 2: Debit Inventory $1,750

Credit Accounts payable (Radio World) $1,750

To record the purchase of goods, terms 2/15, n/45.

June 4: Debit Freight-in $210

Credit Cash $210

To record the payment for freight.

June 8: Debit Accounts payable (Radio World) $200

Credit Inventory $200

To record the return of goods.

June 10: Debit Accounts payable (Radio World) $1,550

Credit Cash $1,519

Credit Cash Discounts $31

To record payment on account, including discounts.

June 11: Debit Accounts receivable $3,100

Credit Sales Revenue $3,100

To record the sale of goods on account.

June 11: Debit Cost of goods sold $2,250

Credit Inventory $2,250

To record the cost of goods sold.

June 18: Debit Cash $2,100

Credit Accounts receivable $2,100

To record cash received on account.

June 20: Debit Inventory $2,850

Credit Accounts payable (Sound Unlimited) $2,850

To record the purchase of goods on credit, terms 2/10, n/30.

June 23: Debit Cash $4,350

Credit Sales Revenue $4,350

To record the sale of goods for cash.

June 23: Debit Cost of goods sold $2,650

Credit Inventory $2,650

To record the cost of goods sold.

June 26: Debit Accounts payable(Sound Unlimited) $500

Credit Inventory $500

To record the return of goods.

June 28: Debit Accounts payable(Sound Unlimited) $2,350

Credit Cash $2,303

Credit Cash Discounts $47

To record payment on account, including discounts.

b. Income Statement for the month ended June 30:

Sales Revenue      $7,450

Cost of goods sold 5,032

Gross profit           $2,418

Explanation:

a) Data and Analysis:

June 1: Beginning inventory $2,050

June 2: Inventory $1,750 Accounts payable (Radio World) $1,750, terms 2/15, n/45.

June 4: Freight-in $210 Cash $210

June 8: Accounts payable (Radio World) $200 Inventory $200

June 10: Accounts payable (Radio World) $1,550 Cash $1,519 Cash Discounts $31

June 11: Accounts receivable $3,100 Sales Revenue $3,100

June 11: Cost of goods sold $2,250 Inventory $2,250

June 18: Cash $2,100 Accounts receivable $2,100

June 20: Inventory $2,850 Accounts payable (Sound Unlimited) $2,850 terms 2/10, n/30.

June 23: Cash $4,350 Sales Revenue $4,350

June 23: Cost of goods sold $2,650 Inventory $2,650

June 26:  Accounts payable(Sound Unlimited) $500 Inventory $500

June 28:  Accounts payable(Sound Unlimited) $2,350 Cash $2,303 Cash Discounts $47

Cash

Date        Account Titles             Debit      Credit

June 4:    Freight-in                                              $210

June 10:  Accounts payable (Radio World)         1,519

June 18:  Accounts receivable $2,100

June 23: Sales Revenue           4,350

June 28:  Accounts payable(Sound Unlimited) 2,303

Accounts Receivable

Date     Account Titles             Debit      Credit

June 11: Sales Revenue        $3,100

June 18: Cash                                      $2,100

Inventory

Date     Account Titles             Debit      Credit

June 1  Beginning balance   $2,050

June 2 Accounts payable

             (Radio World)             1,750

June 8: Accounts payable (Radio World) $200

June 11: Cost of goods sold                     2,250

June 20: Accounts payable

             (Sound Unlimited)    2,850

June 23: Cost of goods sold                 2,650

June 26:  Accounts payable

               (Sound Unlimited)                     500

Accounts Payable

Date     Account Titles             Debit      Credit

June 2: Inventory                   $1,750

June 8: Inventory                                      $200

June 10: Cash                           1,519

             Cash Discounts              31

June 20: Inventory                2,850

June 26:  Inventory                                   500

June 28:  Cash                      2,303

               Cash Discounts          47

Sales

Date     Account Titles             Debit      Credit

June 11: Accounts receivable                 $3,100

June 23: Cash                                          4,350

June 30: Income Summary    $7,450

Cost of Goods Sold

Date     Account Titles             Debit      Credit

June 4: Freight-in                    $210

June 10: Cash discounts                             $31

June 11: Inventory                  2,250

June 23: Inventory                2,650

June 28: Cash discounts                             47

June 30: Income Summary                 $5,032

While on a trip to South Africa, Madison was impressed with the colorful woven outdoor placemats, floor mats, chair cushions, and umbrellas that local artisans were weaving. Upon returning to the United States, she was confident that U.S. consumers would be as intrigued by these accessories as she was. Madison decided to explore the possibility of starting an import business to bring these products to the United States. Which statement seems to be good advice for Madison?

Answers

Answer: A) Learn from others who import goods from abroad, and particular from Africa.

Explanation:

Nothing beats experience when it comes to acquiring knowledge so if Madison wants to acquire the knowledge necessary to bring the goods she saw in South Africa to the U.S., she should go to people who have experience in the matter and find out what they know.

This will giver her insight on the amount of money she needs to startup with as well as what business status she should have. They will also give her insight into cost cutting measures to enable her import with more efficiency and make more profit.

Kawamura, a careful utility maximizer, consumes peanut butter and ice cream. Assume that both peanut butter and ice cream are normal goods and that diminishing marginal utility applies to both goods. Right after he achieves the utility-maximizing level of consumption of the two goods, the price of peanut butter falls. After he adjusts to this event, the marginal utility of peanut butter goes _____ and that of ice cream goes _____.

Answers

Answer:

The marginal utility of peanut butter goes down and that of ice cream goes up.

Explanation:

The substitution effect states that when the price of a product falls, it will lead to a rise in the quantity demanded of the product as buyers will buy more of the product that is now relatively cheaper.

And as more of a good is bought, its marginal utility falls. And as less of a product is bought, its marginal utility increases.

Based on the above explanation therefore, the marginal utility of peanut butter goes down and that of ice cream goes up after Kawamura adjusts to the event.

This is because as more of peanut butter is bought due to the fall in its price, its marginal utility falls. And as less of ice cream is bought as it is now relatively more expensive, its marginal utility increases.

A 20-year, 8% semiannual coupon bond with a par value of $1,000 may be called in 5 years at a call price of $1,040. The bond sells for $1,100. (Assume that the bond has just been issued.)

Required:
a. What is the bond's yield to maturity?
b. What is the bond's current yield?
c. What is the bond's capital gain or loss yield?
d. What is the bond's yield to call?

Answers

Answer:

A. 3.57%

B. 7.27%

C. 5.45%

Explanation:

a. Calculation to determine What is the bond's yield to maturity

Using this formula

SemiannualYTM=PMT+Par−Price÷N÷Par+Price/22

Where,

Par = $1,000

Annual payment = $1,000 x 8% = $80

Semiannual payment = $80 x 0.5 = $40

Price = $1,100

Call price = $1,040

Time to call = 5 years

Time to maturity = 20 years

Let plug in the formula

SemiannualYTM=$40+$1,000−$1,100÷20×2÷$

1,000+$1,100/2

SemiannualYTM=3.57%

b. Calculation to determine What is the bond's current yield

Using this formula

Current yield=Annual payment/price

Let plug in the formula

Current yield=80/1100

Current yield=7.27%

c. Calculation to determine What is the bond's capital gain or loss yield

Using this formula

Capital loss=Call price-Current price/Current price

Let plug in the formula

Capital loss=1040-1100/1100

Capital loss=5.45%

A firm that purchases electricity from the local utility for $350,000 per year is considering installing a steam generator at a cost of $270,000. The cost of operating this generator would be $270,000 per year, and the generator will last for five years. If the firm buys the generator, it does not need to purchase any electricity from the local utility. The cost of capital is 13%. For the local utility option, consider five years of electricity purchases. For the generator option, assume immediate installation, with purchase and operating costs in the current year and operating costs continuing for the next four years. Assume payments under both options at the start of each year (i.e., immediate, one year from now,..., four years from now). What is the net present value of the more attractive choice

Answers

Answer:

Option 1:

Purchasing Electricity from the utility:

NPV = -$1391065.

Option 2:

NPV of more attractive alternative = NPV of purchasing generator = -$1343107.

Explanation:

Option 1:

Purchasing Electricity from the utility:

Purchase cost per year = $350000

[tex]NPV = -350000 * [PVAF (5-1, 0.13) + 1]\\= -350000 * [2.974471 + 1]\\\\= -1391064.85[/tex]

NPV = -$1391065.

Option 2:

Purchasing generator:

Initial Cash Flow:

Purchase Cost of generator                                                                        -$270000

Operating Cash Flow                                                                                      -$270000

                                                                                                                                                                         

                                  = -$540000

Recurring Cash Flows:

Operating Cost                                                                                                                 -$270000

NPV:

Year          Cash Flow                 PVF (13%)                  PV of Cash Flow

0               -$540000                       1                              -$540000

1-4            -$270000                   2.974471                     -$803107

                                                                                        -$1343107

NPV = -$1343107

Since NPV in the case of purchasing a generator is more than that of purchasing electricity,

NPV of more attractive alternative = NPV of purchasing generator = -$1343107.

On July 15, 2021, M.W. Morgan Distribution sold land for $41.0 million that it had purchased in 2016 for $26.0 million.

Required:
What would be the amount(s) related to the sale that Morgan would report in its statement of cash flows for the year ended December 31, 2021, using the direct method?

Answers

Answer:

$41.0 million

Explanation:

Calculation to determine the amount(s) related to the sale that Morgan would report in its statement of cash flows for the year ended December 31, 2021, using the direct method

DIRECT METHOD:

CASH FLOWS FROM INVESTING ACTIVITIES:

Cash proceeds received from sale of land $41.0 million

Therefore the amount(s) related to the sale that Morgan would report in its statement of cash flows for the year ended December 31, 2021, using the direct method is $41.0 million

You own a golf course in Florida and you need to determine how many golf carts you need to buy to maximize profits. Please answer the following questions given the information below.
A brand new golf cart costs 2000 rounds of golf and the rate of depreciation is 5%.
The real interest rate is 8%
The expected marginal product of capital is given by MPKf = 1000 – 10K.
a) What is the user cost of capital and what is it expressed in?
b) How many golf carts should you buy to maximize profits (i.e., what is K*)?​
c) Draw a graph (the uc / MPK graph) depicting the state of affairs and label this initial profit maximizing point as point A.​
Now suppose the (local) government with all their financial shortfalls embarks on a campaign to raise revenue to fund the fire department by imposing a so-called "luxury tax" (we know it as τ) equal to 15% of gross revenue. What happens to the profit maximizing number of golf carts? Please show all work and round to two decimal places.

Answers

Answer:

a) 260 rounds of golf

b) 74

c) attached below

d) 70 golf carts

Explanation:

a) Calculate the user cost of capital and what is it expressed in

user cost of capital = total depreciation + total interest

= ( rate of depreciation * Golf cart cost ) + ( real interest rate * Golf cart cost )

= ( d + r ) Golf cart cost

= ( 0.05 + 0.08 ) 2000 = 260 rounds of golf

b) determine the number of carts that should be bought to maximize profits

Profits are maximized when User Cost of capital = MPKF

(d +r) Golf cart cost = MP Kf = 1000 – 10K

( 0.05 + 0.08 ) 2000 = 1000 – 10K

260 = 1000 – 10K     ∴ K = ( 1000 - 260 ) / 10 = 74

c) attached below is the required graph

d) Determine what happens to the profit maximizing number of golf carts

User cost of capital ( 1 - t ) = MPK^f

∴ User cost of capital ( 1 - t ) = 1000 – 10K

260 ( 1 - 0.15 ) = 1000 – 10K

305.88 = 1000 – 10K

K=69.41

that is approximately 70 golf carts is been bought to maximize profit

The diameter of a brand of tennis balls is approximately normally​ distributed, with a mean of 2.56

inches and a standard deviation of 0.04

inch. A random sample of 11

tennis balls is selected. Complete parts​ (a) through​ (d) below.

Answers

Answer:

sample mean = 2.63 inches

sample standard deviation = \frac{standard \hspace{0.15cm} deviation}{\sqrt{n} } = \frac{0.03}{\sqrt{9} } = \frac{0.03}{3} = 0.01

n

standarddeviation

=

9

0.03

=

3

0.03

=0.01

b) P(X < 2.61) = 0.0228

c.) P(2.62 < X < 2.64) = 0.6827

d.) Therefore 0.06 = P(2.6292 < X < 2.6307)

Step-by-step explanation:

i) the diameter of a brand of tennis balls is approximately normally distributed.

ii) mean = 2.63 inches

iii) standard deviation = 0.03 inches

iv) random sample of 9 tennis balls

v) sample mean = 2.63 inches

vi) sample standard deviation = \frac{standard \hspace{0.15cm} deviation}{\sqrt{n} } = \frac{0.03}{\sqrt{9} } = \frac{0.03}{3} = 0.01

n

standarddeviation

=

9

0.03

=

3

0.03

=0.01

vii) the sample mean is less than 2.61 inches = P(X < 2.61) = 0.0228

viii)the probability that the sample mean is between 2.62 and 2.64 inches

P(2.62 < X < 2.64) = 0.6827

ix) The probability is 6-% that the sample mean will be between what two values symmetrically distributed around the population measure

Therefore 0.06 = P(2.6292 < X < 2.6307)

An increase in the demand for lobster due to changes in consumer tastes, accompanied by a decrease in the supply of lobster as a result bad weather reducing the number of fishermen trapping lobster, will result in:

Answers

Answer:

an increase in price and an indeterminate increase in equilibrium quantity

Explanation:

Increase in demand leads to an outward shift of the demand curve. As a result equilibrium price and quantity increases

A decrease in supply leads to an inward shift of the supply curve

____________- allows more than one variable at a time to be changed, and it takes into account the probabilities of changes in the key variables.

Answers

Answer:

scenario analysis

Explanation:

scenario analysis  estimates changes that would result from a hypothetical change in the market or a reoccurrence of an historical event.

types of scenario analysis

1. historical scenarios : scenarios measure an hypothetical change that would result from a repeat of a particular period of financial history.

2. Hypothetical scenarios : scenarios have never occurred and are just conjured for the sake of analysis.

Sensitivity measures the impact of the change of one variable.

Kentucky Corporation uses a process-cost accounting system. The company adds direct materials at the start of its production process; conversion cost, on the other hand, is incurred evenly throughout manufacturing. The firm has no beginning work-in-process inventory; its ending work in process is 40% complete. Which of the following sets of percentages would be used to calculate the correct number of equivalent units in the ending work-in-process inventory?
A. Materials, 40%; conversion cost, 40%.
B. Materials, 40%; conversion cost, 100%.
C. Materials, 100%; conversion cost, 40%.
D. Materials, 100%; conversion cost, 60%.
E. Materials, 100%; conversion cost, 100%.

Answers

Answer:

The following sets of percentages would be used to calculate the correct number of equivalent units in the ending work-in-process inventory:

D. Materials, 100%; conversion cost, 60%.

Explanation:

The above is actually the best option which would be used to calculate the correct number of equivalent units in the ending work-in-process inventory.

Complete each statement with the term that correctly defines each platform strategy advantage.

Platform businesses tend to frequently ____________ pipeline businesses.
Platforms scale more efficiently than pipelines by eliminating __________
Platform businesses _________ digital technology can grow much faster

Answers

Answer:

Note See full and organized question in the attached picture below

1. Platform businesses tend to frequently outperform pipeline businesses.

2. Platforms scale more efficiently than pipelines by eliminating gatekeepers.

3. Platform businesses leveraging digital technology can grow much faster.

4. Platforms unlock new sources of value creation and supply.

5. Feedback loops from consumers to the producers allow platforms to fine-tune their offerings and to benefit from big data analytics.

Weighted Average Cost Flow Method Under Perpetual Inventory System The following units of a particular item were available for sale during the calendar year:

Jan. 1 Inventory 4,000 units at $40
Apr. 19 Sale 2,500 units
June 30 Purchase 4,500 units at $44
Sept. 2 Sale 5,000 units
Nov. 15 Purchase 2,000 units at $46

Required:
The firm uses the weighted average cost method with a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale.

Answers

Answer:

Cost of goods sold:

Apr. 19 =  $100,000

Sept. 2 = $215,000

Inventory Balance on:

Apr. 19 =  $60,000

Sept. 2 =  $43,000

Explanation:

a) Data and Calculations:

Date        Description  Units Unit Price  Inventory  Cost of Sales

Jan. 1       Inventory    4,000    $40       $160,000

Apr. 19     Sale            2,500    $40        $60,000      $100,000

June 30  Purchase    4,500    $44      $258,000 ($44 * 4,500 + $60,000)

Sept. 2    Sale            5,000    $43         $43,000     $215,000

Nov. 15   Purchase    2,000    $46       $135,000 ($46 * 2,000 + $43,000)

Why are Americans dependent of what is produced in other countries

Answers

Answer:

Climate, resources, cheap labor and outsourcing of manufacturing jobs.

Explanation:

As a developed country, labor cost are higher in the US in comparison to most of world. US consumers expect best price for their money. So many manufacturers have moved overseas to keep labor cost low and make a better profit while satisfying their consumers. Then mass ship items to keep cost low. Also some produced can only be grown in climates that the US doesn't have. There are some resources the US have that others countries. The mineral gold is much more plentiful in Africa but is widely used in electronics. The US is a prime buyer of electronics.

us suppose that you open a savings account at the campus credit union. Into this savings account, you place $100 in savings. The interest rate is 5 percent. The future value of this account in two years is

Answers

Answer:

the  future value in two years is $110.25

Explanation:

The computation of the future value in two years is shown below:

As we know that

Future value = Present value × (1 +  rate of interest)^number of years

= $100  × (1  + .05)^2

= $100 ×  (1.1025)

= $110.25

Hence, the  future value in two years is $110.25

The same should be considered and relevant

Of the "Five C's of Credit" which do you think is most important in determining someone's credit worthiness? Why?

Answers

Answer:

Character

Explanation: If you have borrowed money, you have most likely heard your lender discuss the Five C’s of Credit. Recently, many lenders have indicated that character of the borrower is the most important of the Five C’s, particularly in tough economic times. -https://www.farmprogress.com/most-important-c-credit

The "Five C's of Credit"  that is most important in determining someone's creditworthiness is Character.  This is further explained below.

What is Character?

Generally, Character is simply defined as the mental and moral characteristics that distinguish a person

In conclusion, lenders of money, look to character history to determine the potency Five C's of Credit.

Read more about Character

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