Answer:
Dexter Inc.
The statement that best supports Brooke's perspective is:
Examples of cooperation between labor and management include employee involvement in decision making and self-managing teams.
Explanation:
When labor and management act as rivals or adversaries, it does not benefit their organizations. They should find common grounds for cooperation. Organizations should involve their employees in more decision-making. Despite their incongruent goals, unions and management should find win-win solutions. Paying employees a living wage does not impoverish the organization. On the contrary, everybody is greatly enriched.
An investor buys a 5-year bond and a 10-year bond. Which statement is true?
O The interest rate risk is the same for both bonds.
O The interest rate risk is higher for the 5-year bond.
O The interest rate risk is higher for the 10-year bond.
O The interest rate risk is negligible given recent actions by the Federal Reserve.
Answer:
es la primera creo por lo que dice o si no pues soy un desastre en eso perdona casi no se inglés la última vez saque un ocho
Burns Industries currently manufactures and sells 11,000 power saws per month, although it has the capacity to produce 26,000 units per month. At the 11,000-unit-per-month level of production, the per-unit cost is $46, consisting of $30 in variable costs and $16 in fixed costs. Burns sells its saws to retail stores for $71 each. Allen Distributors has offered to purchase 4,100 saws per month at a reduced price. Burns can manufacture these additional units with no change in its present level of fixed manufacturing costs. Using an incremental analysis approach, Burns should consider accepting this special order only if the price per unit offered by Allen is at least: Multiple Choice $16. $46. $71. $30. qizket
Answer:
Selling price= $30
Explanation:
Giving the following information:
Unitary cost:
Variable= $30
Fixed= $16
Number of units= 4,100
Normally, when there is unused capacity and a new customer asks for a reduced price, the fixed cost should not be taken into account when calculating the selling price. The company benefits from increasing its sales, acquiring a new customer, and perhaps getting some discounts from suppliers in the variable components.
The lower price that the company accepts is the one that equals the unitary variable cost. In this case:
Selling price= $30
On June 10, 2020, Ebon, Inc. acquired an office building as a result of a like-kind exchange. Ebon had given up a factory building that it had owned for 26 months as part of the like-kind exchange. Which of the following statements is correct?
a. The holding period of the factory building includes the holding period of the office building
b. The holding period of the office building starts on June 11, 2018
c. The holding period of the office building starts on June 10, 2018.
d. The holding period of the office building includes the holding period of the factory building
e. None of the above.
Answer:D. The holding period of the office building includes the holding period of the factory building
Explanation:
The holding period simply refers to the period of time that a particular investment is being held by an investor.
The holding period csn.also be referred to as the period between when a security is purchased and when it is sold.
With regards to the question, the holding period of the office building includes the holding period of the factory building. Therefore, the correct option is D.
Harrods PLC has a market value of £136 million and 4 million shares outstanding. Selfridge Department Store has a market value of £38 million and 2 million shares outstanding. Harrods is contemplating acquiring Selfridge. Harrods’s CFO concludes that the combined firm with synergy will be worth £194 million, and Selfridge can be acquired at a premium of £10 million. a. If Harrods offers 1.2 million shares of its stock in exchange for the 2 million shares of Selfridge, what will the stock price of Harrods be after the acquisition?
Answer:
the stock price after the acquisition is $37.30
Explanation:
The computation of the stock price after the acquisition is given below:
= Worth of combined synergy ÷ (outstanding shares = harrods shares)
= £194 million ÷ (4 million + 1.2 million)
= £194 million ÷ 5.2 million shares
= $37.30 per share
hence, the stock price after the acquisition is $37.30
We simply applied the above formula so that the correct answer could come
An oral contract is
O Not enforceable
O Legal
O Not for money
O Not legal
Jessie purchased land as an investment on January 12, 2015 for $80,000. On January 31, 2020, Jessie sold the land for $33,000 cash. In addition, the purchaser assumed the mortgage of $70,000 on the land. What is the amount of the realized gain or loss on the sale
Answer:
$23,000 gain
Explanation:
In the given scenario the initial cost of purchase of the land by Jessie was $80,000
She finally sold the land for $33,000 cash and the purchaser also assumed a mortgage of $70,000.
That is a total sale price of 33,000 + 70,000 = $103,000
The gain on this transaction will be 103,000 - 80,000 = $23,000
Since part of the payment is in mortgage the gain is a long term capital gain for Jessie
Closing and opening stores. Sanchez Corporation runs two convenience stores, one in Connecticut and one in Rhode Island. Operating income for each store in 2017 is as follows:
Connecticut Store Rhode Island Store
Revenues $1,150,000 $820,000
Operating costs
Cost of goods sold 700,000 640,000
Lease rent (renewable each year) 86,000 71,000
Labor costs (paid on an hourly basis) 41,000 44,000
Depreciation of equipment 21,000 19,000
Utilities (electricity, heating) 40,000 49,000
Allocated corporate overhead 50,000 42,000
Total operating costs 938,000 865,000
Operating income (loss) $212,000 $(45,000)
The equipment has a zero disposal value. In a senior management meeting, Maria Lopez, the management accountant at Sanchez Corporation, makes the following comment, "Sanchez can increase its profitability by closing down the Rhode Island store or by adding another store like it."
1. By closing down the Rhode Island store, Sanchez can reduce overall corporate overhead costs by $44,000. Calculate Sanchez’s operating income if it closes the Rhode Island store. Is Maria Lopez’s statement about the effect of closing the Rhode Island store correct? Explain.
2. Calculate Sanchez’s operating income if it keeps the Rhode Island store open and opens another store with revenues and costs identical to the Rhode Island store (including a cost of $22,000 to acquire equipment with a one-year useful life and zero disposal value). Opening this store will increase corporate overhead costs by $4,000. Is Maria Lopez’s statement about the effect of adding another store like the Rhode Island store correct? Explain.
Answer:
Sanchez Corporation
1. Connecticut
Store
Revenues $1,150,000
Operating costs
Cost of goods sold 700,000
Lease rent (renewable each year) 86,000
Labor costs (paid on an hourly basis) 41,000
Depreciation of equipment 21,000
Utilities (electricity, heating) 40,000
Allocated corporate overhead 92,000
Total operating costs 980,000
Operating income (loss) $170,000
Maria Lopez is correct by $3,000 increase in operating income.
2. Connecticut Rhode Island Identical
Store Store Store
Revenues $1,150,000 $820,000 $820,000
Operating costs
Cost of goods sold 700,000 640,000 640,000
Lease rent (renewable each year) 86,000 71,000 71,000
Labor costs (paid on an hourly basis) 41,000 44,000 44,000
Depreciation of equipment 21,000 19,000 22,000
Utilities (electricity, heating) 40,000 49,000 49,000
Allocated corporate overhead 50,000 42,000 4,000
Total operating costs 938,000 865,000 808,220
Operating income (loss) $212,000 $(45,000) $11,780
Maria Lopez is correct by $11,780 increase in operating income.
Explanation:
a) Data and Calculations:
Connecticut Rhode Island
Store Store
Revenues $1,150,000 $820,000
Operating costs
Cost of goods sold 700,000 640,000
Lease rent (renewable each year) 86,000 71,000
Labor costs (paid on an hourly basis) 41,000 44,000
Depreciation of equipment 21,000 19,000
Utilities (electricity, heating) 40,000 49,000
Allocated corporate overhead 50,000 42,000
Total operating costs 938,000 865,000
Operating income (loss) $212,000 $(45,000)
1a. Suppose that, if their income rises by $100, all households in Normalia raise their spending by $80.
The MPC in Normalia is:____.
MPS in Normalia is:____.
b. Suppose that the MPC in South Pangea is 0.6.
If a South Pangean household earns an extra $100, by how much will they increase their spending?
2. Suppose that the MPC in North Laurasia is .5.
a. What is the spending multiplier for the North Laurasian economy?
b. If the government spends an extra $1000, by how much with the economy grow?
Answer:
0.2
0.8
40
2
2000
Explanation:
Marginal propensity to consume is the proportion of disposable income that is spent on consumption
Marginal propensity to consume = amount consumed / disposable income
Marginal propensity to save is the proportion of disposable income that is saved
Marginal propensity to save = amount saved / disposable income
MPC + MPS = 1
g In the theory of comparative advantage, a good should be produced in that nation where Multiple Choice the production possibilities line lies further to the right than the trading possibilities line. its cost is least in terms of alternative goods that might otherwise be produced. its absolute cost in terms of real resources used is least. its absolute money cost of production is least.
Answer:
its cost is least in terms of alternative goods that might otherwise be produced
Explanation:
Comparative Advantage
This is simply explained as when an individual has an opportunity cost of performing a task is lower than the other individuals opportunity cost that is it is more efficient. It is the usual fundamental basis for international trade. Its principle includes production at a maximum peak to be achieved if each individual focus on the job or activities for which his or her opportunity cost is lowest.
Opportunity Cost
This is simply known as the highest valued of an alternative that must be given up so as to be involved or engage in an activity/job or task. There are several sources of a comparative advantage. They includes;
1. Climate and natural resources
2. Relative abundance of labor and capital
3. Technology
4. External economies etc.
Assume that a profit-maximizing firm which competes in a purely competitive product industry has only two factor inputs, labor and capital, and that resource prices remain constant. This firm finds that the marginal revenue product of labor (MRP) when divided by the price for labor (MRC) is less than one. The firm also finds that the marginal revenue product for capital (MRP) when divided by the price (MRC) is greater than one. If this firm wishes to produce the same amount of output with these two resources, but minimize the cost of output, this firm must employ:________
a. less labor and more capital
b. more capital
c. more labor and capital
d. less labor
e. more labor and less capital
Answer: a. less labor and more capital
Explanation:
When the Marginal Revenue Product of Labor (MRP) is divided by the price for labor (MRC), the result is less than 1. This means that for every dollar spent on labor, labor produces less than a dollar. The labor is therefore not efficient.
This is the reverse for capital where the marginal revenue product for capital (MRP) when divided by the price (MRC) is greater than one which means that for every dollar investment in capital, more than a dollar is made.
As capital is more efficient, it would make sense to invest more in capital whilst reducing the investment in labor as this would lead to more gain for the company.
On December 31, 2017, Dow Steel Corporation had 730,000 shares of common stock and 43,000 shares of 9%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 5% common stock dividend on May 15 and paid cash dividends of $530,000 and $82,000 to common and preferred shareholders, respectively, on December 15, 2018.
On February 28, 2018, Dow sold 60,000 common shares. Also, as a part of a 2017 agreement for the acquisition of Merrill Cable Company, another 24,000 shares (already adjusted for the stock dividend) are to be issued to former Merrill shareholders on December 31, 2019, if Merrill's 2019 net income is at least $630,000. In 2018, Merrill's net income was $760,000.
In keeping with its long-term share repurchase plan, 2,000 shares were retired on July 1. Dow's net income for the year ended December 31, 2018, was $2,750,000. The income tax rate is 40%.
As part of an incentive compensation plan, Dow granted incentive stock options to division managers at December 31 of the current and each of the previous two years. Each option permits its holder to buy one share of common stock at an exercise price equal to market value at the date of grant and can be exercised one year from that date. Information concerning the number of options granted and common share prices follows:
Date Granted Options Granted Share Price
(adjusted for the stock dividend)
December 31, 2016 20,000 $ 32
December 31, 2017 15,000 $ 41
December 31, 2018 18,500 $ 40
The market price of the common stock averaged $40 per share during 2018.
On July 12, 2016, Dow issued $500,000 of convertible 10% bonds at face value. Each $1,000 bond is convertible into 50 common shares (adjusted for the stock dividend).
Required:
Compute Dow's basic and diluted earnings per share for the year ended December 31, 2018. (Enter your answers in thousands.)
Answer: See explanation
Explanation:
Dow's basic earnings per share for the year ended December 31, 2018 will be:
= Net Income - Preference Dividend / Basic Number of Shares
= ($2,750,000 - $82,000) / (730,000 × 1.05) + (60,000 × 10/12 × 1.05) - (2,000 × 6/12)
= $2,668,000 / 818,000
= $3.26
Therefore, Dow's basic earnings per share is $3.26.
Dow's diluted earnings per share for the year ended December 31, 2018 will be:
First we calculate the number of shares which will be:
= (20,000 × $32) / $40
= $6,40,000 $40
= 16,000 Shares
Solving further, the diluted earnings per share for the year will be:
= $2698000 / 888000
= $3.04
The diluted earnings per year is $3.04
The Fine Crate Company owns several machines which cut wooden planks for building storage pallets, automatically loading the planks into rolling bins for transportation and handling. Each bin holds 200 planks and a machine can cut and load one bin in an hour, which Fine Crate Company uses planks at a rate of 1000 planks an hour. If the Fine Crate Company were to use a kanban loop to control the filling of the rolling bins, attaching one kanban card to each bin, how many cards should be used to govern this production, assuming a policy variable (safety factor) of 20%?
a. 15
b.6
c. 32
d.11
e. 8
Answer:
b. 6
Explanation:
Calculation to determine how many cards should be used to govern this production,
Using this formula
Number of cards = [Demand during lead time + Safety stock] / Size of a bin
Let plug in the formula
Number of cards = 1000 * 1 * (1 + 0.2) / 200
Number of cards = 1000*1*1.2 / 200
Number of cards = 6
Therefore The numbers of cards that should be used to govern this production is 6
An unfinished desk is produced for $35.65 and sold for $64.20. A finished desk can be sold for $76.00. The additional processing cost to complete the finished desk is $6.15. Provide a differential analysis for further processing. Round your answers to two decimal places, if necessary. Differential revenue from further processing:
Revenue per unfinished desk $___________
Revenue per finished desk _______________
Differential revenue $____________
Differential cost per desk:
Additional cost for producing ___________
Differential from further processing __________
Answer:
Differential revenue from further processing:
= $11.80.
Explanation:
a) Data and Calculations:
Cost of production of an unfinished desk = $35.65
Selling price of an unfinished desk = $64.20
Selling price of a finished desk = $76.00
Additional processing cost = $6.15
Revenue per finished desk $76.00
Revenue per unfinished desk 64.20
Differential revenue $11.80
Differential cost per desk:
Cost of unfinished desk $35.65
Additional cost for producing 6.15
Differential from further processing $41.80
Unfinished Finished Differential
Revenue $64.20 $76.00 $11.80
Cost of production (35.65) (41.80) (6.15)
Net income $28.55 $34.20 $5.65
The Cluck-Cluck Corp. starts the year with a beginning inventory of 480 units at $23 per unit. The company purchases 590 units at $40 each in February and 560 units at $24 each in October. Cluck-Cluck sells 240 units during the year. Cluck-Cluck has a periodic inventory system and uses the FIFO inventory costing method. What is the amount of cost of goods sold
Answer:
the amount of the cost of goods sold is $5,520
Explanation:
The computation of the cost of goods sold is shown below;
= Unit sold × beginning inventory cost per unit
= 240 units × $23
= $5,520
By multiplying the unit sold with the beginning inventory cost per unit we can get the cost of goods sold
Hence, the amount of the cost of goods sold is $5,520
The same would be considered
Average Rate of Return, Cash Payback Period, Net Present Value Method for a Service Company
Spanish Peaks Railroad Inc. is considering acquiring equipment at a cost of $1,250,000. The equipment has an estimated life of eight years and no residual value. It is expected to provide yearly net cash flows of $312,500. The company’s minimum desired rate of return for net present value analysis is 12%.
Present Value of an Annuity of $1 at Compound Interest
Year 6% 10% 12% 15% 20%
1 0.943 0.909 0.893 0.870 0.833
2 1.833 1.736 1.690 1.626 1.528
3 2.673 2.487 2.402 2.283 2.106
4 3.465 3.170 3.037 2.855 2.589
5 4.212 3.791 3.605 3.353 2.991
6 4.917 4.355 4.111 3.785 3.326
7 5.582 4.868 4.564 4.160 3.605
8 6.210 5.335 4.968 4.487 3.837
9 6.802 5.759 5.328 4.772 4.031
10 7.360 6.145 5.650 5.019 4.192
Compute the following:
a. The average rate of return, giving effect to straight-line depreciation on the investment. If required, round your answer to one decimal place.
%
b. The cash payback period.
c. The net present value. Use the above table of the present value of an annuity of $1. Round to the nearest dollar.
Present value of annual net cash flows $
Amount to be invested $
Net present value $
Answer:
12.5%
4 years
NPV = $302,387
PV of cash flows = $1,552,387
Amount invested = $1,250,000
Explanation:
Average rate of return = net income / amount invested
Net income = cash flow - depreciation
Straight line depreciation expense = (Cost of asset - Salvage value) / useful life
1,250,000 / 8 = 156,250
Net income = $312,500 - 156,250 = $156250
(156250 / $1,250,000) x 100 = 12.50%
Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows
Payback period = Amount invested / cash flow
$1,250,000 / $312,500 = 4 years
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
Cash flow in year 0 = $-1,250,000
Cash flow each year from year 1 to 8 = $312,500
I = 12%
NPV = $302,387
To find the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
Yolo Company, which has excess capacity (i.e. it doesn't have to give up producing and selling products in the normal market if it accepts a special order), received a special order for 4,500 units at a price of $16 per unit. Currently, production and sales are anticipated to be 11,000 units without considering the special order. Budget information for the current year follows. Sales $ 231,000 Less: Cost of Goods Sold 165,000 Gross Margin $ 66,000 Cost of goods sold includes $44,000 of fixed manufacturing cost. If the special order is accepted, the company's income will:
Answer:
$22,500 increase
Explanation:
The computation is shown below:
Variable cost per unit is
= ($165,000 - $44,000) ÷ 11,000 units
= $11
And, the Sales price per unit is $16
So, the Profit per unit is
= $16 - $11
= $5 per unit
Now the company income would be
= 4,500 units × $5 per unit
= $22,500 increase
Hence, the company income would be increased by $22,500
Darnell and Eleanor are farmers. Each one owns a 20-acre plot of land. The following table shows the amount of barley and alfalfa each farmer can produce per year on a given acre. Each farmer chooses whether to devote all acres to producing barley or alfalfa or to produce barley on some of the land and alfalfa on the rest.
Barley Alfalfa
Darnell 40 8
Eleanor 28 7
_____________ has an absolute advantage in the production of barley, and _____________ has an absolute advantage in the production of alfalfa. Darnell's opportunity cost of producing 1 bushel of alfalfa is _____________ bushels of barley, whereas Eleanor's opportunity cost of producing 1 bushel of alfalfa is_____________bushels of barley. Because Darnell has a _____________ opportunity cost of producing alfalfa than Eleanor, _____________ has a comparative advantage in the production of alfalfa, and _____________ has a comparative advantage in the production of barley.
Answer:
Darnell
Darnell
5
4
higher
eleanor
Darnell
Explanation:
A person has comparative advantage in production if it produces at a lower opportunity cost when compared to other people.
A person has absolute advantage in the production of a good or service if it produces more quantity of a good when compared to other people
Darnell produces more quantities of Barley and Alfafa when compared to Eleanor. Darnell has a comparative advantage in the production of both commodities
Darnell's opportunity cost of producing 1 bushel of alfalfa = Barley produced / alfalfa produced = 40 / 8 = 5
Eleanor's opportunity cost of producing 1 bushel of alfalfa = 28 /7 = 4
Eleanor has a lower opportunity cost in producing alfalfa, thus she has a comparative advantage in producing alfalfa and Darnel has a comparative advantage in the production of barley
Q.1.2.2 Explain the implications on Airbnb should South Africa implement a
command economy.
Answer:
Throughout the next part, the description of the question is detailed.
Explanation:
Airbnb had already expanded fast throughout South Africa but since its inception throughout 2015.
It received criticism from the established accommodation sector, like certain other innovative companies.Throughout order to assess Airbnb's impact, Creation story intelligence was requested for separate research to evaluate Airbnb's commercial importance.Superior Company has provided you with the following information before any year-end adjustments: Net credit sales are $131,750. Historical percentage of credit losses is 3%. Allowance for doubtful accounts has a credit balance of $400. Accounts receivables ending balance is $43,500. What is the estimated bad debt expense using the percentage of credit sales method
Answer:
$3,553
Explanation:
Credit losses = Net credit sales × Historical percentage of credit losses
= $131,750 × 3%
= $3,953
Allowance for doubtful account has a credit balance of $400
The estimated bad debt expense can therefore be calculated as:
Bad debt expense = Credit losses - Allowance for doubtful accounts credit balance
= $3,953 - $400
= $3,553
Hence, the estimated bad debt expense using the percentage of credit sales method is $3,553
Parties to an administrative hearing may subpoena witnesses if they choose not to testify willingly.
True
False
Answer:
Parties to an administrative hearing may subpoena witnesses if they choose not to testify willingly.
True.
A share of common stock just paid a dividend of $1.00. If the expected long-run growth rate for this stock is 5.4%, and if investors' required rate of return is 14.2%, then what is the stock price? a. $14.61 b. $12.10 c. $10.66 d. $12.70 e. $11.98
Answer:
. $11.98
Explanation:
D1 = D0(1+g)
D0 = Last dividend
r = Required rate of retrun
g = Growth rate
Stock price formula = D1/(r-g)
Stock price = D0(1+g)/(r-g)
Stock price = 1*(1+0.054) / (0.142-0.054)
Stock price = 1.054 / 0.088
Stock price = 11.97727273
Stock price = $11.98
Jason, Ellen and Frank are business partners. Each of them handles a separate area of the partnership's business. They periodically have partners' meeting where they report to each other on the financial status of their areas and discuss potential new business. Jason's area of business has recently become extremely profitable, and Ellen and Frank are so happy with the new financials that they have not closely questioned Jason about the details especially since the partners continue to receive an equal share of the business profits each of them brings in. Ellen and Frank are shocked when the FBI comes to the office one Friday afternoon and arrest Jason. The FBI also informs Ellen and Frank that the office equipment is being seized and the partnership bank accounts have been frozen. Which of the following is a correct statement of the law?
a. Both Ellen and Frank can face criminal prosecution because the business was operated as a partnership.
b. Ellen and Frank will not be liable for Frank's conduct because Frank independently operated his area of the business.
c. Ellen and Frank should immediately file a Notice of Dissociation so that they will not be liable for Jason's conduct.
d. By not closely questioning Jason about his area of the business, Ellen and Frank will be seen to have ratified Jason's partnership operations.
Answer:
d. By not closely questioning Jason about his area of the business, Ellen and Frank will be seen to have ratified Jason's partnership operations.
Explanation:
Because Ellen and frank are partners with Jason, they would also both be liable for Franks conduct because the three of them are business partners and have shared profits equally in Jasons area of the business without paying attention to details about the source of the profit. This would make it seem like they were in agreement and accomplices with Jason.
Two countries trade with each other regularly. Country A has a strong economy and buys large quantities of natural resources from country Beach
year. Country B has a weaker economy, and $1 in country A's currency is
worth about $50 in country B's currency.
Which result would be most likely if the exchange rate suddenly became $1 in
country A's money for $75 in country B's money?
A. Country A would be forced to adopt a flexible exchange rate.
B. Country B would receive more value for its exported materials.
C. Country B would be forced to adopt a fixed exchange rate.
D. Country A would receive more value for its imported materials
Answer: B
Explanation: a p e x
The result would be most likely if the exchange rate suddenly became $1 in country A's money for $75 in country B's money, are Country B would receive more value for its exported materials. Thus, the option (b) is correct.
What is trade?
Trade is a term used to describe economic activities. Trade is the term used to describe the purchasing and selling of goods and services. Trade can take many various forms, including both domestic and international trade. Trading in financial terms refers to the buying and selling of securities or other assets.
Comparing the economies of the two nations, Country A has a stronger economy than Country B. Natural resources form the basis of both countries' trade systems. The countries' respective exchange rates are $1 in country A's currency and $75 in country B's currency. The material exported to country B would be more well received.
Therefore, option (b) is correct.
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Data disposal laws require a. businesses to notify individuals who are affected by any incident that results in unauthorized access of data. b. businesses to destroy customer data and maintain reasonable security procedures to guard against theft. c. senders of promotional emails to offer an opt-in system to recipients. d. companies to obtain permission from customers before destroying data older than ten years old.
Answer:
b. businesses to destroy customer data and maintain reasonable security procedures to guard against theft.
Explanation:
A database management system (DBMS) can be defined as a collection of software applications that typically enables computer users to create, store, modify, retrieve and manage data or informations in a database. Generally, it allows computer users to efficiently retrieve and manage their data with an appropriate level of security.
A data dictionary can be defined as a centralized collection of information on a specific data such as attributes, names, fields and definitions that are being used in a computer database system.
In a data dictionary, data elements are combined into records, which are meaningful combinations of data elements that are included in data flows or retained in data stores.
This ultimately implies that, a data dictionary found in a computer database system typically contains the records about all the data elements (objects) such as data relationships with other elements, ownership, type, size, primary keys etc. This records are stored and communicated to other data when required or needed.
A law can be defined as the system of principles, regulations and rules established by legislature, that is adopted in a community, society or country to regulate the actions of its citizens, members or employees.
Thus, law is a tool used by the judiciary, lawyers, individuals, organizations, and even government to ensure everybody is well behaved, non-criminal and civil in their actions. Therefore, a law creates the foundation for ethical behavior and orderliness in a society.
Data disposal laws require businesses to destroy customer data and maintain reasonable security procedures to guard against theft. Thus, any customer data collected by a business firm should be protected securely and discarded when no longer in use.
Why is the control function vital to an organization's success? How can organization's use technology to facilitate the control function?
Answer:
Controls help to better define an organization's objectives so that employees and resources are focused on them. They safeguard against misuse of resources and facilitate corrective measures. Having good records means management will better understand what happened in the past and where change can be effective.
Explanation:
Based on organization strategies, the control function is vital to an organization's success because "it assists firms to recognize errors and divergences from standards so that corrective actions can be conducted to accomplish goals."
On the other hand, organizations can use technology to facilitate the control function through maintenance of data flow, management of consumers and investors contacts, track processes, and maintenance of employee records.
What is the purpose of Organization Control?Organization control aims to ensure that the designed function or production is carried out according to established standards.
Hence, in this case, it is concluded that administrative control is vital in business management.
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Which of the following is a firm's cash cycle?
a. the average length of time between when a firm originally purchases its inventory and when it receives the cash back from selling its product
b. the average length of time between when a firm pays cash to purchase its initial inventory and when it receives cash from the sale of the product produced from that inventory
c. the average length of time between when a firm pays cash to purchase its initial inventory and when it sells that product
d. the average length of time between when a firm originally purchases its inventory and when it sells the product produced from that inventory
Answer:
he average length of time between when a firm pays cash to purchase its initial inventory and when it receives cash from the sale of the product produced from that inventory
Explanation:
A firm's cash cycle measure the time required for a company to go from cash paid (used in its operations) to cash received (as a result of operations)
It is an example of a liquidity ratio
Liquidity ratios measure the ability of a firm to meet its short term obligations
Cash cycle = days of inventory on hand + days of sales outstanding - number of days of payable
the shorter the cash cycle, the more liquid the firm is and the better for the firm
A low-cost noncontact temperature measuring tool may be able to identify railroad car wheels that are in need of repair long before a costly structural failure occurs. If the BNF railroad saves $63,723 in year 1, and starting year 2, the amounts increasing by $14,768 each year for 5 years, what is the present worth of the savings in year 0 at an interest rate of 10% per year
Answer:
$420,546.12
Explanation:
Present worth is the sum of discounted cash flows
Present worth can be calculated using a financial calculator
Cash flow in year 1 =
Cash flow in year 2 = 78491
Cash flow in year 3 =93259
Cash flow in year 4 =108027
Cash flow in year 5=122795
Cash flow in year 6 =137563
I = 10%
PW = $420,546.12
To find the PW using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
From a firm's viewpoint, opportunity cost is the best alternative use customers can find for the firm's output. price a firm can charge for its output. cost the firm must pay for the factors of production it employs to attract them from their best alternative use. accounting cost of resources. cost of acquiring the opportunity to sell to its customers.
Answer:
cost the firm must pay for the factors of production it employs to attract them from their best alternative use.
Explanation:
Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.
Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.
Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.
The four factors of production are;
I. Land: this refers to the natural resources and raw materials extracted from the ground or grown in the soil e.g oil, gold, rubber, cocoa, etc.
II. Labor (working): this is the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.
III. Capital resources: it includes the physical assets used for production of goods and services such as equipment, money, plant, etc.
IV. Entrepreneurship: it is intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).
These four (4) factors of production when combined effectively and efficiently are used for the manufacturing or production of goods and services that meets the unending requirements or needs of the consumers.
From a firm's viewpoint, opportunity cost is cost the firm must pay for the factors of production it employs to attract them from their best alternative use.
The following is information concerning a product manufactured by Ames Brothers. Sales price per unit $ 68 Variable cost per unit 43 Total fixed manufacturing and operating costs (per month) 430,000 a. Determine the unit contribution margin. b. Determine the number of units that must be sold each month to break even. (Round your answer to the nearest whole number.) c. Determine the number of units that must be sold to earn an operating income of $234,000 per month. (Round your answer to the nearest whole number.)
Answer:
Ames Brothers
a. Unit contribution margin = $25
b. Break-even units
= 17,200 units
c. Break-even units to earn a target profit
= 26,560 units
Explanation:
a) Data and Calculations:
Sales price per unit $ 68
Variable cost per unit 43
Contribution per unit $25
Total fixed manufacturing and operating costs (per month) 430,000
Target operating income = $234,000 per month
a. Unit contribution margin = $25
b. Break-even units = Fixed cost/Contribution margin per unit
= $430,000/$25
= 17,200 units
c. Break-even units to earn an operating income = (Fixed cost + Target Profit)/Contribution margin per unit
= ($430,000 + $234,000)/$25
= $664,000/$25
= 26,560 units
The Organic Towel Company (OTC) employs 400 workers at its facility in Liverpool, England, where the firm has been manufacturing 100% organic cotton towels for five years. OTC sells towels in the United Kingdom primarily to boutique hotels and specialty retail stores, as well as to individual consumers through the company's . Recently, OTC managers attended a trade show in London where they made contact with numerous foreign market managers. OTC received a request from Earth Waves, an organic clothing store in Toronto, Canada, for a large order of towels. OTC had not been looking into expanding, but firm managers are seriously considering the opportunity to reach a global niche market with their towels.
Which of the following questions must be evaluated by OTC managers as a first step to exporting?
A) What are the risks involved in exporting OTC towels to Earth Waves?
B) Do Canadian towel companies have a high success rate when they export?
C) Will OTC save money on domestic marketing by exporting?
D) How can OTC adapt its distribution strategy in Canada?
Answer:
A)To evaluate The risks involved in exporting the OTC towels to Earth Waves
Explanation:
Based on the information given the questions that the manager have to effective evaluate as a first step to exporting the OTC towels to Earth Waves is to evaluate and weigh All THE POTENTIAL RISKS INVOLVED IN EXPORTING THE OTC TOWELS TO EARTH WAVES such as damage of goods or loss of good that may likely occur when the goods are in transit, fluctuations in the country currency in which the goods are been exported to ,The potential economic risks and instability that may arise as well as the delay in the payment of the exported goods among others.