Answer:
checking account, savings acc, debit and credit cards, insurance , wealth management
Explanation:
The most important banking services can be as follows:
Account openingCheck issuing facilityLoan facilityIssuing credit or debit cardsInsurance assistanceWhat is a bank?The bank is a financial authority that is accountable to the account holders who have opened their accounts in their bank.
Banks provide various types of services which are described as follows:
Banks allowed every individual of a country to open their respective accounts in any bank as per their income source.Banks provided the account holders the permit to issue a check in respect of any transaction in his/her name.They are given loans to the holder at a certain interest rate in accordance with the amount held in their bank accounts.They offer credit or debit cards for making cashless transactions or buying something expensive product in installments.They also provide insurance facilities in collaboration with the insurance company for a time span of some years.Therefore, the service being provided by banks are explained as above.
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Amazon Corporation has preferred stock outstanding that pays a $12.80 annual dividend. It price is $158. What is the required rate of return (yield) on the preferred stock?
Answer:
8.10%
Explanation:
The required rate of return (yield) on the preferred stock = Dividend / Price
= $12.80 / $158 = 0.0810126582278481 = 8.10%
A production system in which there is little or no delay time and idle-in process and finished goods inventory is called a__________.
Answer:
Just in time inventory system
Explanation:
Just in time inventory system is on that ensures that the amount of a product needed is available to the consumer and no more is stockpiled.
For this inventory style to be successful the business will need to forecast accurately the demand of customers.
Just in time inventory system is aimed at increasing efficiency and reducing cost such as storage cost.
There is little or no delay time and idle-in process and finished goods inventory
Answer:
Just-In-Time Production System.
Explanation:
Just-In-Time Production System stands in direct contrast with Just-In-Case (JIC) production methodology where goods are manufactured and held in stock with the intention to prevent a situation where there is no inventory for that product. One of the key reasons why some companies may practice the traditional Just-In-Case system is to prevent the loss of key suppliers and or key buyers for that product. Other factors that lead owners of manufacturing concerns to practice JIC is may be due to the existing inefficiencies of the system such as poor quality control, bad roads, and other uncertainties in the system which can contribute to a break in supply.
In the absence of these factors, Just-In-Time (JIT) production system becomes very preferred. The JIT (also known as the Toyota Production System was designed to remove waste of various categories, thus leading to lower production costs.
According to the philosophy of Toyota, the various types of wastage which can occur are:
MovementStaff UnderutilizationExcessive InventoryProcessing Unwanted goodsTransporting unwanted goodsExcessive productionTime taken to execute the process andDefective productionIt is interesting to note that the TPS was refined by Kiichiro Toyoda, based on an idea gotten from an American supermarket.
Cheers!
If a firm is a factor price taker in the labor market,a) it will continue to hire workers as long as MFC > MRP. b) it must pay higher wages in order to hire additional workers. c) it must hire all workers who apply for a job. d) it can hire all the workers it wants to at the going wage rate.
Answer:
d) it can hire all the workers it wants to at the going wage rate.
Explanation:
The price taker means the company or an individual is ready to accept the prices that are prevailed in the market
In the case when a firm is a price taker in the labor market also it cannot set the prices as expected. The attached diagram represent the flat supply curve. It hire the workers depend upon the MPR and the factor supply curves
Therefore in the given situation, the last option is correct
In the __________________ manufacturing environment, order acceptance occurs before the production lead time. Fill in the blanks.
Answer:
Make to order (MTO)
Explanation:
A Make to order (MTO) can be defined as a manufacturing technique which typically involves the production of goods only when an order has been placed by a customer. Thus, no product would be manufactured under this production technique or approach until a confirm order is received.
In the Make to order (MTO) manufacturing environment, order acceptance occurs before the production lead time.
Outstanding debt of Home Depot trades with a yield to maturity of 5%. The tax rate of Home Depot is 40%. What is the effective cost of debt of Home Depot
Answer:
3.00%
Explanation:
The effective cost of debt of Home Depot = 5%*(1 - 0.40)
The effective cost of debt of Home Depot = 0.05*0.60
The effective cost of debt of Home Depot = 0.03
The effective cost of debt of Home Depot = 3.00%
A company purchased a new delivery van at a cost of $58,000 on July 1. The delivery van is estimated to have a useful life of 4 years and a salvage value of $4,600. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the van during the first year ended December 31?a. $13,350.
b. $6,260.
c. $6,675.
d. $7,250.
e. $5,750.
Answer:
a. $13,350
Explanation:
Using straight-line method of depreciation the depreciable value of an assets is expensed over the useful life of the asset equally each year.
Use following formula to calculate the depreciable value
Depreciable value = Cost of asset - Salvage value
Placing values in the formula
Depreciable value = $58,000 - $4,600
Depreciable value = $53,400
Now use following formula to calculate the depreciation value of each year
Depreciation expense = Depreciable value of the asset / Useful life of the asset
Placing values in the formula
Depreciation expense = $53,400 / 4 years
Depreciation expense = $13,350
When a company makes marketing decisions by considering consumers' wants and interests, the company's requirements, and society's long-run interests, it is most likely practicing ________ marketing.A. valueB. societalC. sense-of-missionD. consumer-orientedE. customer value
Answer:
Option B: Societal
Explanation:
Societal Marketing was coined from the marketing concept. Marketers and consumers are collecting stocks of what is good for themselves, their family, their country, and the planet.
It involves means by which marketing looks for ways amd means to provide products and services to help consumers reach their goals and Target while also making profitable decisions for their companies.
It is useful to consumers' long-run best interest and help promoting good corporate citizenship.
ABC company had 8,000 in accounts receivable on Dec. 31, 2019. However, the company estimated that 2,000 of them would become bad debt. The company recorded the 2,000 as bad debt. What is the impact on the financial statement?
Answer:
Net income is reduced by 2,000 and the net value of receivables on balance sheet reduced by 2,000
Explanation:
Since it is given that there is $8,000 in account receivable out of which $2,000 would be estimated and recorded as a bad debt
So here the bad debt expense is recorded that means the expenses are increased that ultimately reduced the net income also at the same time the amount of receivable would also decreased by $2,000
Therefore the same is to be considered
4. Which of the following is a liability?
a. Machinery
b. Creditors for goods
C. Motor Vehicles
d. Cash at Bank
Answer:
Maybe C.
Explanation:
Answer:
Answer is B
Explanation:
Products bought using a loan creates lenders in the books of record. Various leasers are viewed as current liability.
When operating in a constrained environment, which products should be produced? a. products with the highest contribution margin per unit b. products with the highest contribution margin per unit of the constrained process c. products with the highest selling price d. products with the lowest allocated joint cost
Answer: B. products with the highest contribution margin per unit of the constrained process.
Explanation:
When operating in a constrained environment, the products that should be produced are the products with the highest contribution margin per unit of the constrained process.
This is essential for the company to maximize its total contribution margin. This in turn will help the company in realizing revenue and also maximizing profit.
If people's trust in the banking system is reduced due to a surge in bank failures, the money expansion resulting from a new deposit will:____________
a) increase
b) decline
c) not be affected
d) none of the above
Answer:
b) decline
Explanation:
If people's trust in the banking system is reduced due to a surge in bank failures, the money expansion resulting from a new deposit will decline. This happens because people lost trust and hastily withdrawn their money deposited with the bank.
A stock has the following returns over three consecutive years: 85%, 58%, and 128%. What is the arithmetic average?
Answer:
The stock's arithmetic average is:
90.33%.
Explanation:
a) Data and Calculations:
Returns over three consecutive years:
Year 1 = 85%
Year 2 = 58%
Year 3 = 128%
Total returns = 271%
Average = Total returns divided by number of years
= 271/3
= 90.333
=90.33%
b) The arithmetic average is the total returns divided by the number of years involved. This implies that we find the average or the mean by adding up some pieces of data together and dividing by the number of the pieces of data.
Discuss how structural dimensions of the firm, including formalization, standardization, and centralization, can affect the firm’s propensity to innovate and its effectiveness at innovation
Explanation:
A company's organizational structure can be defined as the organization of the company's activities so that it operates more efficiently and effectively and achieves its objectives and goals.
Therefore, the structural dimensions of a company including formalization, standardization and centralization will directly influence the innovation of an organization in relation to several variables such as its internal environment, processes, products and services, as there are organizational structures that are more focused on innovation than others, such as the horizontal structure in relation to the vertical, since the vertical structure is the most rigid and with a higher hierarchy, while in the horizontal structure there is greater autonomy of employees and greater participation in the decision-making process, which is a more flexible environment open to innovation.
If the European subsidiary of a U.S. firm has net exposed assets of 750,000 Euros, and the euro drops in value from $1.30/euro to $1.20/ Euro the U.S. firm has a translation:__________
a. gain of $75,000
b. loss of $75,000
c. gain of $65,000
d. loss of 546,923
Explain why the consideration of opportunity costs may be very relevant to a firm. How can opportunity costs affect a business decision?
Answer:
Importance : Opportunity cost is lost Contribution
Effect : Opportunity cost increases the variable costs of the decision that has been chosen
Explanation:
Opportunity Cost is a lost contribution. Contribution is calculated as Sales less Variable Costs.
Considering opportunity costs is very relevant to a firm because it constitutes part of the money lost that cold have been earned when another alternative course of action is chosen over another. The opportunity cost would have been the revenue for the disregarded option.
So opportunity cost increases the variable costs of the decision that has been chosen.
According to Gardner, intelligence can be measure by a person having
a. the ability to create or find solutions to problems by gathering new knowledge
b. the ability to create a valued product or service
C. Skills that allow them to solve problems in life
d. all of the above
Answer: D. All of the above.
Explanation:
Answer:
its d
Explanation:
hope this helps
The _____________ define(s) what the system does.
A. mission of the system
B. RA
C. operational characteristics
D. previous findings
2- What may occur if you do NOT include the scope of the RA when defining it?
A. Attacks
B. exploited threats
C. Losses
D. missed deadlines
3- __________ define(s) how the system operates in your environment.
A. The mission of the system
B. Operational characteristics
C. RAs
D. Previous findings
Question Help A company purchased mineral assets holding approximately 240,000 tons of ore for $960,000. The estimated residual value of the assets is zero. During the first year, 40,000 tons are extracted and sold. What is the amount of depletion for the first year?
Answer: $160,000
Explanation:
First calculate the Depletion rate per ton which is;
= ( Cost - residual value) / Capacity in tons
= (960,000 - 0) / 240,000
= $4 per ton
In first year, 40,000 tons were used. Amount of depletion is therefore;
= 40,000 * 4
= $160,000
The amount of depletion for the first year did by the company in purchasing the mineral assets were as below :
And will do Cost less the residual value and divide by capacity :
= 960000 - 0 / 240000
= $4 per ton.
In the first year the company acquired 40,000 extract .
= 40,000 x 4
= $160,000 amount of depletion happens in the first year .
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How you will gather and formulate your data
Answer:
1.Identify issues and/or opportunities for collecting data. ...2.Select issue(s) and/or opportunity(ies) and set goals.3.Plan an approach and methods. ...4.Collect data. ...5.Analyze and interpret data. ...6.Act on results.
Chuck Russo, a high school math teacher, wants to set up an IRA account into which he will deposit $2,000 per year. He plans to teach for 20 more years and then retire. If the interest on his account is 7% compounded annually, how much will be in his account when he retires?
Answer:
FV= $819,909.85
Explanation:
Giving the following information:
Anual deposit= $20,000
Number of periods= 20 years
Interest rate= 7%
To calculate the future value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {20,000*[(1.07^20) - 1]} / 0.07
FV= $819,909.85
Parker Plastic, Inc., manufactures plastic mats to use with rolling office chairs. Its standard cost information for last year follows: Standard Standard Price Standard Quantity (Rate) Unit CostDirect materials (plastic) 9 sq ft. $ 1.30 per sq. ft. $ 11.70 Direct labor 0.3 hr. $ 13.50 per hr. 4.05 Variable manufacturing overhead(based on direct labor hours) 0.3 hr. $ 1.30 per hr. 0.39 Fixed manufacturing overhead($619,080 ÷ 938,000 units) 0.66 Parker Plastic had the following actual results for the past year:Number of units produced and sold 1,000,000Number of square feet of plastic used 12,800,000Cost of plastic purchased and used $ 15,360,000Number of labor hours worked 336,000Direct labor cost $ 4,200,000Variable overhead cost $ 1,700,000Fixed overhead cost $ 393,000Required:Calculate Parker Plastic’s variable overhead rate and efficiency variances and its over- or underapplied variable overhead. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable/Overapplied and "U" for unfavorable/underapplied.)Variable Overhead Rate Variance $Variable Overhead Efficiency Variance $Variable Overhead Spending Variance $
Answer:
Following are the solution to this question:
Explanation:
Overhead variable rate
[tex]=1700000-(336000 \times 1.30)= 1263200[/tex]
Performance Variance variable overhead
[tex]=1.3\times (336000-1000000 \times 0.3) = 46800[/tex]
Overhead variable spending[tex]=1700000-(1000000\times 0.39) =1310000[/tex]
When there is excess supply of loanable funds, interest rates will rise in response. A. True B. False
Answer:
that is my answer
Explanation:
i choose A Flase
On October 1, Sam's Painting Service borrows $164000 from National Bank on a 3-month, $164000, 4% note. What entry must Sam's Painting Service make on December 31 before financial statements are prepared?A. Interest Expense 500 Interest Payable 500B. Interest Payable 500 Interest Expense 500C. Interest Expense 2,000 Interest Payable 2,000D. Interest Expense 500 Notes Payable 500
Answer:
{Debit] Interest expense $1,640
[Credit] Interest payable $1,640
Explanation:
Annual 12 month interest = $164,000 * 4% = $6,560
No of months from 1 Oct to 31 Dec = 3 months
Interest expense to be recorded as ‘payable’ for 3 months = $6,560 * 3 months/12 months = $6,560 * 0.25 = $1,640
Entry will include:
{Debit] Interest expense $1,640
[Credit] Interest payable $1,640
6. Explain why a movement from a point inside a production possibilities frontier to the production possibilities frontier can be described as a free lunch and a movement along a production possibilities frontier is described as a tradeoff
Answer: Moving down along the PPF will produce more goods but less quality
Explanation:
On the production possibilities frontier, every choice along involves a trade-off, moving down along the PPF, production of capital goods is more but this will result in less quality for to consumers goods, when analysed with the opportunity cost, it is realized that the value of customer good o gone
have to produce less quantity of consumer goods. The opportunity cost of a capital good is the value of consumer good forgone.
Simms Corp. is considering a project that has the following cash flow data. What is the project's IRR? Note that a project's projected IRR can be less than the WACC or negative, in both cases it will be rejected.
Year 0123
Cash flow -$1000 $425 $425 $425
a. 13.87%
b. 13.21%
c. 15.29%
d. 12.55%
e. 14.56%
Answer:
the project's IRR is b. 13.21%
Explanation:
The Internal Rate of Return (IRR) of a Project is interest rate that causes the the Present Values of the Project Cashflows to equal the price of the Initial Investment.
This can be calculated using a financial calculator as follows ;
-$1000 CFj
$425 CFj
$425 CFj
$425 CFj
Then Shift IRR/YR we get 13.2054 % that is 13.21%.
With a planned volume of 15,000 units, the master budget includes variable costs of $450,000 and fixed costs of $350,000. If the actual volume is 12,000 units, the total costs under flexible budget should be:__________a. $490,000.b. $560,000.c. $650,000.d. $710,000.
Answer:
Total cost= $710,000
Explanation:
Giving the following information:
15,00 units:
Fixed costs= $350,000
Total variable cost= $450,000
First, we need to calculate the unitary variable cost:
Unitary variable cost= 450,000 / 15,000
Unitary variable cost= $30
Now, the total cost for 12,000 units:
Total cost= 350,000 + 30*12,000
Total cost= $710,000
Hiring one more worker for a station ___ design capacity and ___ utilization. (Hint: Relate to the problem set.)A. may increase or decrease, always increasesB. always increases, may increase or decreaseC. always increases, always increasesD. may increase or decrease, may increase or decrease
Answer:
B. always increases, may increase or decrease
Explanation:
Each worker being added is going to complete some job or assemble some units hence the design capacity after addition of worker will always be greater than the design capacity before addition. But utilization = actual output * 100 / theoretical design capacity.
Hence, if actual output after addition of worker increases more in proportion than that of proportional increase in number of worker, then the utilization of workstation will increase else it is likely to decrease. If both proportion are equal then the utilization is likely to remain same.
1. You have a portfolio that is invested 21% in Stock A, 34% in Stock B, and 45% in Stock C. The betas of the stocks are .66, 1.21, and 1.50, respectively. What is the beta of the portfolio? a. 1.17.b. 1.12.c. 1.38.d. 1.00.e. 1.23.2. The risk-free rate is 3.7% and the market expected return is 11.6%. What is the expected return of a stock that has a beta of 1.22?
Answer:
1.
Portfolio Beta = 1.225 rounded off to 1.23
Option e is the correct answer.
2.
r = 0.13338 or 13.338% rounded off to 13.34%
Explanation:
1.
The portfolio beta is a function of the weighted average of the individual stocks' betas that form up the portfolio. To calculate the beta of a portfolio, we use the following formula,
Portfolio Beta = wA * Beta of A + wB * Beta of B + ... + wN * Beta of N
Where,
w is the weight of each stock
Portfolio Beta = 0.21 * 0.66 + 0.34 * 1.21 + 0.45 * 1.5
Portfolio Beta = 1.225 rounded off to 1.23
2.
Using the CAPM, we can calculate the required rate of return on a stock. This is the minimum return required by the investors to invest in a stock based on its systematic risk, the market's risk premium and the risk free rate.
The formula for required rate of return under CAPM is,
r = rRF + Beta * (rM - rRF)
Where,
rRF is the risk free rate
rM is the market return
r = 0.037 + 1.22 * (0.116 - 0.037)
r = 0.13338 or 13.338% rounded off to 13.34%
Loki, Inc. and Thor, Inc. have entered into a stock-swap merger agreement whereby Loki will pay a 39% premium over Thor's pre-merger price. If Thor's pre-merger price per share was $42 and Loki's was $51, what exchange ratio will Loki need to offer?
Answer: 1.15
Explanation:
Premium = 39%
Thor's share price = $42
The compensation to shareholders will be:
= $42 + ($42 × 0.39)
= $42 + $16.38
= $58.38
Loki's share price = $51
We then calculate the exchange ratio which will be:
= $58.38 / $51
= 1.15
Loki will need to offer an exchange rate of 1.15.
Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $87,000. The machine's useful life is estimated to be 5 years, or 400,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 84,500 units of product. Determine the machines' second year depreciation under the double-declining-balance method.A. $16,900.B. $16,000.C. $17,400.D. $18,379.E. $20,880.
Answer:
$13,920
Explanation:
Calculation to Determine the machines' second year depreciation under the double-declining-balance method
First step is to calculate the depreciation rate
Using this formula
Depreciation rate = 100% / Useful life *2
Let plug in the formula
Depreciation rate == (100%/5years) * 2
Depreciation rate =40%
Second Step
Year 1 =$87,000 *40% *2
Year 1= $69,600
Third step is to Determine the machines' second year depreciation under the double-declining-balance method
Year 2 Depreciation = ($87,000 - $69,600) *40% *2
Year 2 Depreciation= $13,920
Therefore the machines' second year depreciation under the double-declining-balance method will be $13,920