On the morning of July 15, 2006, fourteen school buses were vandalized. The buses, property of Walt Whitman Middle School, were parked in the "bus barn" on campus. The vandals spray-painted the buses with pictures of dogs. Dogs happen to be the mascot of rival school Edgar Allan Poe Academy. This has led some to believe that some students from EAPA may be the culprits in the incident. Says the mother of one Walt Whitman student, "Oh, yeah, the [Edgar Allan] Poe [Academy] kids are definitely responsible. Those kids don't have any discipline, and they're still stewing over the loss of last week's football game." Police, however, say that they currently have no suspects.
The article above is an example of a human interest story.
True
False
Marketers can use to link the virtual world of online social networking with the
physical world of retail stores.
what are the similarities between scientific theory and bureaucratic theory?
Answer:
The Scientific Theory is based on using data and human strengths to increase output, while the Bureaucratic management style focuses on hierarchies and tight job roles. Regardless of the organization, the goals remain the same across the board. Every organization strives to minimize costs, while maximizing output.
Candice is a jewelry shop owner, specializing in beaded necklaces. For each of the following inputs, classify each item as a variable input or a fixed input in the long run.
1. upper management salaries
2. hourly labor
3. shipping
4. two-year lease on office and retail space
5. chairs
6. computers
7. beads
Answer and Explanation:
The classification of the each item as a variable input or fixed input is as follows:
1. upper management salaries = variable input
2. hourly labor = variable input
3. shipping = variable input
4. two-year lease on office and retail space = variable input
5. chairs = variable input
6. computers = variable input
7. beads = variable input
As all the items are calculated as a variable so no fixed input would be considered
Supervisor: "Our goal is to make add-on sales during 85% of sales. If you make 35
sales, how many add-on sales do you need to make to meet the goal?"
Our goal is to make ad on sales during 85% of sales if you make 35% sales how many add-on on sales do you need to make to meet the goal?
Answer:
Calculate inventory turnover ratio in each of the following alternative cases
case 1: cash sales 25% of credit slaes credit sales Rs 300000 cross profit 20% on revenue form operations ie net sales closing inventory Rs 160000, opening inventory Rs 40000
case 2: cash sales 20% of Total sales, credit sales Rs 450000, Gross profit 25% on soct opening inventroy Rs 375000, closing inventorys 112500
Marginal Cost of Producing Pies
$1,60
$1.40
$1.20
Marginal Cost
$1.00
$0.80
$0.60
SO 40
S020
S0.00
O Pies
1 Pies
5 Pies
6 Pies
2 Pies 3 Pies 4 Pies
Quantity Supplied
According to the graph, the marginal cost begins to increase when the producer makes
O two pies
O three pies
O four pies
O five pies
Save and Exit
Next
Mark this and return
Su
Answer:
O four pies
Explanation:
Marginal cost is the expenses associated with the production of an extra item. It the cost attached specifically to the production of one more unit.
From the graph, the marginal rise sharply from 0 units to 1 rapidly. Usually, the marginal cost of the 1st unit is equal to its cost price. The second item's marginal cost is the difference between the cost price of the second item and the first item.
From the graph, the marginal cost starts to rise after the fourth item. The marginal cost of the fourth item is the difference between the fourth and third item.
Answer: C) FOUR PIES
Smashed Pumpkins Co. paid $160 in dividends and $589 in interest over the past year. The company increased retained earnings by $492 and had accounts payable of $630. Sales for the year were $16,370 and depreciation was $732. The tax rate was 40 percent. What was the company's EBIT
Answer: $1675.67
Explanation:
Based on the information given in the question, the company's EBIT would be calculated as:
Earnings After Tax will be:
= Retained Earnings + Dividends
= 492 + 160
= 652
Earnings Before Tax will be:
= EAT / (1 - tax rate)
= 652 / (1 - 40%)
= 652 / (1 - 0.40)
= 652/0.60
= 1086.67
EBIT would then be calculated as:
= EBT + Interest
= 1086.67 + 589
= 1675.67
The act of giving up one thing of value to gain another thing of value is called a/an
Answer:
Trade-off. act of giving up one thing of value to gain another. Opportunity Cost. value of the next best alternative you could have chosen. Marginal Benefit.
Explanation:
Answer:
Explanation:
Trade-off is the answer.
How many miles is 64km?
Answer:
The Answer is 39.769 miles
An internal study by the Technology Services department at Lahey Electronics revealed company employees receive an average of two emails per hour. Assume the arrival of these emails is approximated by the Poisson distribution.
a. What is the probability Linda Lahey, company president, received exactly 1 email between 4 P.M. and 5 P.M. yesterday?
b. What is the probability she received 5 or more emails during the same period?
c. What is the probability she did not receive any emails during the period?
Answer:
0.2706 ; 0.05265 ; 0.1353
Explanation:
Given that :
λ = 2
According to the poisson distribution formula :
P(x = x) = (λ^x * e^-λ) / x!
P(x = 1) = (2^1 *e^-2) / 1!
P(x = 1) = (2 * 0.1353352) = 0.2706
P(x ≥ 5) = 1 - P(x < 5)
1 - P(x < 5) = 1 - [p(x = 0) + p(x = 1) + p(x = 2) + p(x = 3) + p(x = 4)]
We obtain and add the individual probabilities. To save computation time, we can use a poisson distribution calculator :
1 - P(x < 5) = 1 - (0.13534+0.27067+0.27067+0.18045+0.09022)
1 - P(x < 5) = 1 - 0.94735 = 0.05265
P(x ≥ 5) = 1 - P(x < 5) = 0.05265
Probability that no emails was received :
x = 0
P(x = 0) = (2^0 *e^-2) / 0!
P(x = 0) = (1 * 0.1353352) / 1 = 0.1353
Validity in interviews is strengthened by the following EXCEPT:
Select one:
a. Prompting respondents to expand on initial responses
b. Building rapport with interviewees
c. Multiple questions cover the same theme
o
d. Constructing interview schedules that contain themes drawn from the literature
Answer:
c. Multiple questions cover the same theme
Explanation:
Interview validity is a measure of how specific interview questions are in tandem with the expected competence required.
Validity in interviews is strengthened by the following;
I. Prompting respondents to expand on initial responses.
II. Building rapport with interviewees.
III. Constructing interview schedules that contain themes drawn from the literature.
Generally, broadcast news and text-based news comprises of the following features;
A. Interviews with eyewitnesses: it involves locating people who are a witness to an event and interviewing them directly.
B. Statements by officials: this involves seeking and providing official press statements from various establishments.
Pierce Which of the following statements is therefore necessarily true for Pierce? has a concave utility of wealth function, u(x). Pierce prefers prospect X to prospect Y.
a. CE(X) > CE(Y).
b. U(EV(X)) > U(EV(Y))
c. EU(X) < EU(Y)
d. Y is a mean preserving spread of X.
Answer:
A) CE(X) > CE(Y) is the correct answer.
Explanation:
Solution:
Correct Answer is A) CE(X) > CE(Y)
Because:
1. First of all, we are given that Pierce has a concave utility of wealth function u(x) which means Pierce is a kind of person who does not prefer taking risk.
2. Secondly, we are given that he prefers prospect X to Prospect Y.
3. Thirdly, Pierce will always make sure that Certainty Equivalent should be higher than others as Pierce does not want to take risks.
4. Lastly, he prefers X to Y so, he will make sure CE(X) must be greater than CE(Y) .
Hence,
A) CE(X) > CE(Y) is the correct answer.
The town of Franklin has an economy composed entirely of two equally sized specialized tire manufacturers. Both company X and company Z produce race car tires and airplane tires. Company X is better at producing race car tires than Company Z which is better at producing airplane tires. In order to maximize output, Company X should:_________
a. reduce its production of race car tires in order to commit resources to learn how to better produce airplane tires.
b. abandon the production of airplane tires to fully specialize in the production of race car tires and then trade with Company Z for airplane tires.
c. keep producing both products at the going rate.
d. produce both race car tires and airplane tires on its own and sell its excess race car tires to Company Z for additional airplane tires.
Answer:
b. abandon the production of airplane tires to fully specialize in the production of race car tires and then trade with Company Z for airplane tires.
Explanation:
Company X has a comparative advantage at producing race car tires
Company Z has a comparative advantage at producing airplane tires.
A country (company) has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries (companies).
A company should specialise only in the production of the good for which it has a comparative advantage.
Company X should specialise in producing race car tires and stop producing airplane tires
Company Z should specialise in producing airplane tires and stop producing race car tires
Answer:
B. abandon the production of airplane tires to fully specialize in the production of race car tires and then trade with Company Z for airplane tires.
Explanation:
What are the factors that affect individual productivity?
Answer:
The factors that affect individual productivity is described below in details.
Explanation:
Important Factors Influencing Employee Productivity:
Work Environment: An employee’s work conditions affect their attitude, energy, and overall production in your organization. Processes: Processes, or their inadequacy, has a tremendous influence on organizational potency.Goals: Clearly illustrated work goals are great for boosting potency levels because they’re dimensions of productivity themselves.Provide examples that serve to explain the differences among the following terms: (1) corporate responsibility; (2) corporate social initiatives; (3) corporate philanthropy
Answer: See explanation
Explanation:
Corporate responsibility is when an organization helps the society at large by contributing its own quota to the society and addressing certain social issues in such society. Example include giving scholarship to students.
Corporate social initiatives are used by organizations to address social problems, increase opportunities for the deprived, promote environmental justice etc. Examples include reduction in the carbon footprints and the improvement in labor policies.
Corporate philanthropy is when's business seeks the welfare of others and promote it. This is normally done through donation.
Give an example of one good or service produced in the United States using the command model. Justify your example using research (where did you find this).
Answer:
An example of production under the command system in the United States is that of the production of roads and passable roads throughout the nation. In this case, it is the production of a public service, and as such it is controlled by the government in all stages of its production: from the identification of the need, through the tender, the construction authorization and the supervision of the results, everything is controlled by the government. This implies that individuals or private companies cannot by their own initiative create this type of road, but rather depend exclusively on the will of the government.
what is an element of management activity in business?
You are the executive vice president for Cooper Tire, the sixth largest U.S. tire maker. You have the responsibility to locate land for a new distribution center in Mississippi, and you own over 1,000 acres of land near one site in Tupelo. This could create for you:________.
A) a code of ethics.
B) the usual decision-making problems of cost versus benefit to Cooper Tire.
C) a wonderful, ethical opportunity to make a lot of money.
D) an ethical opportunity to move the distribution center to your hometown.
E) a conflict of interest.
Answer:
This could create for you:________.
E) a conflict of interest.
Explanation:
The conflict of interest will occur when, as the executive vice president for Cooper Tire, you decide to buy the land for your company from your own acres of land. It means that your personal interests (or family, friendships, financial, or other social factors) are being served, perhaps at the detriment of your employer's. In this situation, it is likely that you could compromise your judgment, decisions, or actions in the workplace by going ahead to acquire this land for your company because you want to serve your personal and community interests. However, you can avoid the conflict by clearly stating your positions to your company and allow other management staff to make the needed decision with regards to your land.
_____political activities include
complaining to one's supervisor,
bypassing the chain of command,
forming coalitions, obstructing
organizational politics, excessively
adhering to rules, developing
contacts outside the organization.
Select one:
a. Illegitimate
b. External
c. Internal
d. Legitimate
= Legitimate
Legitimate political activities include complaining to one's supervisor, bypassing the chain of command, forming coalitions, obstructing organizational politics, excessively adhering to rules, developing contacts outside the organization. Thus, the correct answer is option D.
What is legitimate political activities?In political science, legitimacy refers to the right and acceptance of a governing law or regime. Whereas authority refers to a specific position in an established government, legitimacy refers to a system of government—where government refers to a "sphere of influence." Political legitimacy is regarded as a fundamental requirement for governance, without which a government will face legislative deadlock(s) and collapse.
Under legitimate political activity, one can complain to the supervisor, and excessively adhere to rules and regulations. Forming coalitions is also allowed under this type of activity. One can also develop some contacts outside the organization.
Therefore, the correct answer is legitimate political activity.
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During 2018, Raines Umbrella Corp. had sales of $810,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $580,000, $90,000, and $135,000, respectively. In addition, the company had an interest expense of $91,000 and a tax rate of 21 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully deductible.) Suppose the company paid out $55,000 in cash dividends. If net capital spending and net working capital was zero, and if no new stock was issued during the year, what is the net new long-term debt
Answer:
$6,000
Explanation:
The computation of the net new long term debt is as follows:
But before that following calculations to be done:
Sales $810,000
Less: COGS ($580,000)
Less: S&A Expenses ($90,000)
Less: Depreciation ($135,000)
EBIT $5,000
Less: Interest ($91,000)
Taxable Income ($86,000)
Less: Taxes(21%) $0
Net Income(loss) ($86,000)
Now
OCF = EBIT + Depreciation - Taxes
= $5,000 + $135,000 - $0
= $140,000
Change in NWC = Net capital spending = Net new equity = 0
Cash flow from assets = OCF - Change in NWC - Net capital spending
= $140,000 - $0 - $0
= $140,000
Cash flow to stockholders = Dividends - Net New Equity
= $55,000 - $0
= $55,000
Cash flow to creditors = Cash flow from assets - Cash flow to stockholders
= $140,000 - $55,000
= $85,000
Cash flow to creditors = Interest - Net new LTD
$85,000 = $91,000 - Net new LTD
So,
Net new LTD is
= $91,000 - $85,000
= $6,000
What is the relationship of
Stores function and other
departments
Answer:
Explanation:
The store function has the responsibility for the receipt custody and distribution of stocks and for the determination of appropriate quantities and qualities of material to be held since order that operational needs, may be in an economic possible therefore, store management can become an important tool. Therefore,every department in a store is supposed to work together to get sales. Managers of each department should work together to ensure each department is staffed and there is enough products.
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what do Librarians need to do after they have jobs?
a. attend conferences where they train other librarians
b. volunteer in schools to advise students about how to use libraries
c. slowly share their knowledge with librarians in other locations
d. continually train to stay up to date on information technology developments
The action that a Librarians need to do after they have jobs is to continually train to stay up to date on information technology developments.
Who is a librarian?In a education sector, the "librarian" is an officer who is responsible for overseeing the daily operations of their library, either at the public or private level. They also work within a schools, religious institutions, in government libraries and research facilities.
Some of the typical roles and responsibilities of a librarian includes:
They provide a customer service for library usersThey provide suggestions to library users about new booksThey help the library users to check out booksThey oversee the team of assistant librarians and library aidsThey also help to develop fun and education programs for youths and adultsIn conclusion, the action that a Librarians need to do after they have jobs is to continually train to stay up to date on information technology developments. Therefore, the Option D is correct.
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Answer:
D.
Explanation:
Edge 2023
A stock sells for $10 per share. You purchase 100 shares for $10 a share (i.e., for $1,000), and after a year the price rises to $17.50. What will be the percentage return on your investment if you bought the stock on margin and the margin requirement was
(a) 25 percent,
(b) 50 percent, and
(c) 75 percent? (Ignore commissions, dividends, and interest expense.)
Answer and Explanation:
The computation is shown below;
a. Rate of return
= (Selling price - purchase price) ÷ (purchase price × margin)
= ($17.50 - $10) ÷ ($10 × 25%)
= $7.50 ÷ 2.50
= 300%
b. Rate of return
= (Selling price - purchase price) ÷ (purchase price × margin)
= ($17.50 - $10) ÷ ($10 × 50%)
= $7.50 ÷ 5
= 150%
c. Rate of return
= (Selling price - purchase price) ÷ (purchase price × margin)
= ($17.50 - $10) ÷ ($10 × 75%)
= $7.50 ÷ 7.50
= 100%
An investor owns 50 shares of a stock worth $15.30 per share. Which of the following is the amount of money to cashed in half of the shares of this stock?
a. $38.250.00 .
b. $382.50
c. $76,500.00
d. $765.00
Solution :
Given that a man owns shares = 50
Cost of one share = $ 15.30
Therefore the total amount of money for 50 shares would be = 50 x 15.30
= $ 765.00
We have to find the amount of money to be cashed in half of the shares for this stock of the investor.
Therefore, half of the shares at this stock is given by :
[tex]$=\frac{765.00}{2} $[/tex]
= 382.50
Therefore the answer is $ 382.50
Hence option (a) is correct.
As you learned more and more about the complexity of the HRM role, what do you view as the most challenging aspect of HRM in the international context? How do you view the impact of expatriates on your role in HRM?
Answer:
The interpretation including its question would be characterized in the explanatory segment elsewhere here.
Explanation:
(a)
The cultural divide is perhaps the most compelling as that of the complexities of corporation dramatically change in something like a foreign environment. Besides example, a thumbs-up gesture, which would be a complimentary sign throughout the West as well as the US, seems to have a different meaning in several other cultural groups and therefore is construed as bad-mannered throughout Asian countries like Thailand, whereby the significance has been less than that of trying to stick someone's hard to both the West.(b)
The negative effect of ex-pats mostly on the position of HRM would be that individuals start making the importance of HRM so much enlightening. The HR seems to be essential for safeguarding expatriates and then for the HR to safeguard foreign nationals, this should understand the ways of foreign residents such that the HR could even start educating other staff mostly on cultural values of migrants.Warner Clothing is considering the introduction of a new baseball cap for sales by local vendors. The company has collected the following price and cost characteristics.
Sales price $15 per unit
Variable costs 5 per unit
Fixed costs 50,000 per month
Required:
a. What number must Warner sell per month to break even?
b. What number must Warner sell per month to make an operating profit of $34,000 and $8,400. Assume that the company plans to sell 9,000 units per month. Consider requirements (b), (c), and (d) independently of each other.
c. What will be the operating profit?
d. What is the impact on operating profit if the sales price decreases by 10 percent? Increases by 20 percent?
Answer:
a. 5,000 units
b. 8,400 units and 5,840 units
c. $40,000
d. decrease of operating profit by 22.50 % and increase of operating profit by 45.00%
Explanation:
Breakeven point is level at which a firm makes neither profit nor loss
Break even units = Fixed Costs ÷ Contribution per unit
Break even units = 5,000 units
Units to achieve target profit = Target Profit + Fixed Costs ÷ Contribution per unit
Units to achieve profit of $34,000 = 8,400 units
Units to achieve profit of $8,400 = 5,840 units
Operating Profit = Contribution - Fixed Costs
= $40,000
The effect on change of operating profit can be best shown by calculation of the Degree of Operating Leverage (DOL)
DOL = Contribution ÷ Profit
= 2.25
Sales decreases of 10 percent = decrease of operating profit by 22.50 % (10 % × 2.25)
Sales Increases of 20 percent = increase of operating profit by 45.00% (20%× 2.25)
The Institute of Management Accountants' Statement of Ethical Professional Practice for management accountants includes the elements of:
A. Competence, confidentiality, independence, and objectivity.
B. Competence, confidentiality, integrity, and credibility.
C. Competence, accuracy, integrity, and independence.
D. Competence, confidentiality, integrity, and relevance.
Answer: competence, confidentiality, integrity, and credibility.
Explanation:
The Institute of Management Accountants' Statement of Ethical Professional Practice for management accountants reflects on the globalization of the accounting profession. The statement is based on ethical principles such as responsibility, fairness, integrity and honesty.
Also, the statement consist of elements such as competence, confidentiality, integrity, and credibility.
Small businesses that sell unique goods and customised packaging generally rely heavily on what type of pricing?
Premium pricing
Economy pricing
Psychological pricing
Pricing for penetration
Answer:
Premium pricing
Explanation:
In premium pricing, a business sets a price higher than that of its closest competitors. A company selling unique products that have customized packaging should use a premium pricing strategy.
The business should take capitalize on the uniqueness of its products. It should market the products as unique and of high quality, and worthy of their prices. The customized packaging is a selling point and another justification for the premium price.
Holly Company has the following information for December 1 to December 31. All direct materials are 100% complete.
Beginning balance December 200 units, 20% complete for conversion $14,000
Completed 800 units and transferred to finished goods inventory $131,182
Direct materials 54,000
Direct labor 34,000
Factory overhead Property taxes 6,000
Depreciation 32,000
Utilities 18,000
Indirect labor 4,000
Ending balance December 31, 300 units, 40% complete 30,818
Required:
Calculate equivalent units using the weighted-average and FIFO methods.
Answer:
Weighted Average : Materials = 1,100 units, Conversion Costs = 920 units
FIFO : Materials = 1,100 units, Conversion Costs = 1,260 units
Explanation:
Weighted Average
Materials
Ending Work In Process (300 ×100 %) = 300 units
Completed and Transferred (800 ×100 %) = 800 units
Equivalent units in respect to materials = 1,100 units
Conversion Costs
Ending Work In Process (300 ×40 %) = 120 units
Completed and Transferred (800 ×100 %) = 800 units
Equivalent units in respect to conversion costs = 920 units
FIFO
Materials
To finish Opening Work in Process (200 × 0%) = 0 units
Started and Completed (800 × 100%) = 800 units
Ending Work in Process (300 × 100%) = 300 units
Equivalent units in respect to materials =1,100 units
Conversion Costs
To finish Opening Work in Process (200 × 80%) = 160 units
Started and Completed (800 × 100%) = 800 units
Ending Work in Process (300 × 40%) = 300 units
Equivalent units in respect to materials =1,260 units
Bettner, Inc., is a calendar year corporation whose financial statements for 2015 and 2016 included errors as follows:
Year Ending Inventory Depreciation Expense
2015 $ 12,000 overstated $ 22,300 overstated
2016 8,000 understated 6,000 understated
Assume that inventory purchases were recorded correctly and that no correcting entries were made at December 31, 2015, or December 31, 2016. The errors were discovered in 2017, after the 2016 financial statements were issued.
Required:
Ignoring income taxes, prepare the journal entry Bettner would make in 2017 to correct the errors.
Answer:
i. For the Understatement of Inventory - Rectification
Journal Entry Debit Credit
Inventory A/c $8,000
To Profit and loss adjustment a/c $8,000
ii. To Rectify overstatement of Depreciation Expense
Journal Entry Debit Credit
Profit and loss adjustment A/c $16,300
To Depreciation Expense $16,300
(22,300 - 6,000)