Inventory cost flow assumptions can be used to assign dollar amounts to ending inventory and cost of goods sold. As per inventory cost flow assumption, an inventory item's cost varies depending on when it is built or purchased and when it is sold.
Management requires formal mechanism for allocating expenses to inventory as they develop into sellable commodities due to this cost disparity. The cost flow hypothesis may or may not correspond to actual flow of products. Instead, cost flow estimate that differs from real usage is acceptable. Businesses typically choose cost flow assumption that either reduces or maximizes earnings.
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Based on what you see in the maps, how might shifts in the census, and thus the electoral college, affect presidential races. for instance, what if more citizens from the northeast move to states in the south, such as texas?
It allows the electorate to create the final decision.
What is general election system?
A general election stands as a political voting election where naturally all or most members of a provided political body are chosen. These exist usually held for a nation, state, or territory's primary legislative body, and are diverse from by-elections (only one electorate belongs to the election).
The president of the united states stands voted into office by two systems. The first one stands for the general election system. This is the system that uses the public opinion of the presidential candidates. The presidential candidate exists voted using a secret ballot. The results stand tallied and the presidential candidate with the highest numeral of votes is declared. In the electoral college, a special class specifies the president and votes for the candidate. Despite the outcome of the famous ballot vote, the electoral college exists the final decision.
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Answer: If people move away from a region that is typically Democratic, such as the Northeast, to a region that is typically Republican, such as the South, it will affect how many electoral votes each state has. Because most states use a winner-take-all system to allocate Electoral College votes, this may mean that Republicans will be able to rely on more electoral votes as a baseline of support. Over a longer timeframe, if enough Democratic-leaning voters move from the Northeast to the South, it could turn some of the safe Republican states in the South to swing states that Democratic candidates could win.
Explanation: Edmentum Answer
What is the exact yield to maturity for the following $1,000 semi-annual bond, with 10 years to maturity, 6 percent coupon rate, current price is $950.
The exact yield to maturity is 6.67% and 6.694%
How to compute the approximate to maturity?Yield to maturity (YTM) stands for the total rate of return that will have been acquired by a bond when it makes all interest payments and repays the original principal. YTM exists a bond's internal rate of return (IRR) if held to maturity.
The computation of the approximate yield to maturity and the exact yield to maturity exist given below:
For Approximate yield to maturity it exits
= 2 × ((Face value - current price) ÷ (2 × time period) + face value × coupon rate ÷ 2) ÷ (Face value + current price) ÷ 2)
=2 × (($1,000 - $950) ÷ (2 × 10) + $1,000 × 6% ÷ 2) ÷ (($1,000 + $950) ÷ 2)
= 6.67%
Now
The Exact yield to maturity is
= RATE(NPER,PMT,-PV,FV)
= Rate(10 × 2, 6% × $1000 ÷ 2,-$950,$1,000) × 2
= 6.694%
The complete question is,
What is the approximate yield to maturity and the exact yield to maturity (use a calculator) for the $1,000 semi-annual bond? Assume this is issued in the United States: 10 years to maturity, 6 percent coupon rate, current price is $950.
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An automotive insurance company has 30,000 policyholders, and the accident rate is 0.06. if the company needs to make a profit of $1,740,000 this year and the payout for each claim (after deductibles) is $8,200, the minimum premium it must charge is $ . the company’s financial advisers have predicted that in the upcoming year, the accident rate will increase by 5% of the base rate and the number of policyholders will increase by 12%. if the company’s profit needs and the payout for each claim remain the same, the minimum premium should increase by $
$550 is the minimum premium payment.
The bare minimum premium went up by $18.4
Policyholders are 30,000
Rate of accidents: 0.06
Accidental deaths = 30,000*0.06 = 1800
If this year's required profit for the business is $1,740,000 and the payout for each claim (after deductibles) is $8,200
Total compensation equals each claim's payout times the number of claims.
Total compensation: 8200 × 1800, = $14,760,000
Total minimum premium now equals total payout plus profit.
= $ 14,760,000+ $1,740,000
= $ 16,500,000.
Total minimum premium / the number of policyholders equals the minimum premium charge.
= $ 16,500,000 ÷ 30,000
= $550
Thus the minimum premium charge = $550
The accident rate will rise by 5%, or 1.05, in this case.
Add this rate to the prior accident rate.
0.06 × 1.05 = 0.063
Rate of accidents: 0.063
The number of policyholders will rise by 1.12 times (12%).
30,000*1.12 = 33600
Accident total = 33600*0.063 = 2116.8
Total payout = each claim's payout × Amount of complaints
8200 × 2116.8 = $ 17357760
Minimum total premium equals total payout plus profit
= $ 17357760 + $ 1,740,000 = $19,097,760
Total minimum premium / the number of policyholders equals the minimum premium charge.
$ 19,097,760 / 33600 is the minimum premium fee.
568.4 - 550
= 18.4 $
The minimum premium increased by $18.4
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When making good decisions, you must _____ before you select the best alternative.
When making good decisions, you must define the problem and explore alternatives before you select the best alternative.
Things to remember while making good decisions:They must make a decision between these two contestants. The act or process of determining; determination, as of an issue or doubt, by making a judgment: the act or need of making a decision.Things to remember while making good decisions:
Define the problem and explore alternatives.Don't let stress get the best of you.Allow yourself some time (if possible).Consider the advantages and disadvantages.Consider your objectives and values.Consider all of your options.Discuss it.Keep a journal.Plan how you will inform others.Reconsider your options.Therefore, when making good decisions, you must define the problem and explore alternatives before you select the best alternative.
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To measure the strength of a currency, you can
measure the face value against what other
value?
A. market
B. intrinsic
C. foreign
The most common measure of __________ is the spread between the number of stocks that advance in price and the number of stocks that decline in price.
The most common measure of market breadth is the spread between the number of stocks that advance in price and the number of stocks that decline in price. Market breadth is another method that indicates the company's gross value of the advancing company to that of the declining company.
What do you mean by market breadth?
Market breadth refers to how many stocks are participating in a given move in an index or on a stock exchange. An index may be rising yet more than half the stocks in the index are falling because a small number of stocks have such large gains that they drag the whole index higher.
What is the meaning of gross value?
Gross value added (GVA) is defined as output (at basic prices) minus intermediate consumption (at purchaser prices); it is the balancing item of the national accounts' production account. GVA can be broken down by industry and institutional.
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The short run is a time period that is Group of answer choices long enough to change the size of the firm's plant. too short to change the size of the firm's plant. too short to change the amount of labor hired. too short to change the amount of any resource the firm employs. equal to a day.
The short run is a time period that is too short to change the amount of any resource the firm employs.
What is a short run?This refers to the concept that states that at least one input is fixed while others are variable and also expresses the idea that an economy behaves differently depending on the length of time it has to react to certain stimuli.
Hence, as it means the time period during which at least one of the firm's inputs is fixed, it is also the time period that is too short to change the amount of any resource the firm employs.
In the concept, all the production process that takes place in the short run applies more of the variable factors (such as labour for example) to the fixed factor (capital, land)).
Therefore, the Option D is correct.
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The _____ is an agreement that dramatically lowered trade barriers worldwide and created the new World Trade Organization (WTO). Group of answer choices Mercosur Maastricht Treaty International Monetary Fund Uruguay Round North American Free Trade Agreement
The Uruguay Round is an agreement that dramatically lowered trade barriers worldwide and created the new World Trade Organization (WTO). This is further explained below.
What is Uruguay Round?Generally, The following are the primary characteristics of the Uruguay Round Final Settlement: An agreement on agriculture with the goals of expanding market access, lowering export subsidies and tariffs, and removing non-tariff obstacles. An agreement about textiles that places a strong emphasis, in particular, on the gradual removal of quota limits
In conclusion, The Uruguay Round was an agreement that resulted in a significant reduction of trade barriers all over the globe and led to the establishment of the World Trade Organization (WTO).
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If the economy is currently producing at point c, what is the opportunity cost of moving to point b? 10 thousand wrenches
The economy is currently producing at point c, 10 Thousand wrenches are the opportunity cost of moving to point b.
At point C. It produces 10 thousand hammers and 40 thousand wrenches. If we move to point B, it will produce 23 thousand hammers and 30 thousand wrenches.
So to produce13 thousand additional hammers, the production of wrenches should be cut by 10 thousand. It is the opportunity cost of producing extra 13 thousand hammers.
Economics is defined as the management of financial matters in communities, businesses, or families. An example of an economy is the US stock exchange system. Careful use of assets, resources, etc. Reduce waste through careful planning and use. economical or frugal use.
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Jack corporation has a profit margin of 9. 70 percent, total asset turnover of 1. 51, and roe of 18. 59 percent. what is the firm's debt-equity ratio?
The firm's debt-equity ratio is [tex]26.9 \%[/tex].
Debt-equity ratio:
The debt-equity ratio serves as a gauge for how equally creditors and owners or shareholders contributed to the capital used by the company. The debt-equity ratio is the simple ratio of all long-term debt and equity capital in the company.
The phrase debt ratio refers to a financial ratio that assesses how much leverage a business has. The ratio of total debt to total assets, represented as a decimal or percentage, is known as the debt ratio. The percentage of a company's assets that are financed by debt is one way to understand it.
Debt-equity ratio = Equity multiplier [tex]$-1$[/tex]
As per Dupont analysis:
Return on equity = Profit margin ×Total assets turnover × Equity multiplier [tex]$0.1859=0.097 * 1.51 *$[/tex] Equity multiplier
Equity multiplier [tex]$=0.1859 / 0.14647=1.269$[/tex] (Approximately)
On substituting Equity multiplier [tex]1.269[/tex], we get
Debt-equity ratio [tex]$=1.269-1=0.269$[/tex]
Therefore, debt-equity ratio[tex]$=26.9 \%$[/tex]
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When agent jane meets with her sellers to offer suggestions, she most likely would not give them:_________
When Agent Jane meets with her salespeople to offer suggestions, she probably wouldn't mind being home during showings.
How to make effective sales?It is essential that the salesperson is attentive to the needs of his potential client, developing his communication skills to achieve a good negotiation. The seller needs to be attentive to the customers' questions, providing extra information about the products and their benefits.
An effective salesperson is one who knows how to listen to the customer and knows how to negotiate, providing solutions for possible counterpoints and showing empathy and cordiality through his service.
Therefore, the role of the sales agent is to lead salespeople with positive instructions so that they can reach their customers through product demonstrations, quality service during the sale and after the sale.
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The concept of ________ explains how trade between two countries can make each better off.
The concept of comparative advantage explains how trade between two countries can make each better off.
The concept of comparative advantage suggests that countries will engage in trade with one another, exporting the goods that they have a relative advantage in.
Comparative advantage lead to gains from trade as countries and people have different costs of production, so they can take advantage of their differences in order to make themselves better off. Thus, when they do this, they experience gains from trade.
Hence, comparative advantage shows that trade can be beneficial to both trading partners and can make each better off.
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What is the most appropriate use of competitors in the development of new-product ideas?
Assessing the strength and weaknesses of competitors' products is the most appropriate use of competitors in the development of new product ideas.
There are simple steps you need to take before developing the marketing mix. the primary is to identify your overall goal or marketing approach. the second is to identify your target market.
Companies need to follow steps like idea development, the screening of the latest ideas, enterprise evaluation, product improvement, test marketing, and commercialization.
SWOT analysis is a framework for figuring out and studying a business enterprise's strengths, weaknesses, opportunities, and threats. These phrases make up the SWOT acronym. The primary intention of SWOT analysis is to increase awareness of the elements that go into making a business decision or organizing a business strategy.
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The pricing strategy in which one firm is allowed to establish the market price for all firms in the market is called?
The pricing strategy in which one firm is allowed to establish the market price for all firms in the market is called price leadership.
The strategy in which a firm is superior to all the other firms and decides the market price for all firms in the market is called the price leadership strategy. Price leadership occurs when a firm is able to exert enough influence in the market that it can efficiently decide the price of the products sold.
A monopoly implies specific ownership of a market by using a supplier of a product or a service for which there is no substitute. In this situation, the provider is able to decide the price of the product without worry of opposition from other sources or thru replacement products.
Monopoly power takes place while a company has a dominant function in the market. A pure monopoly is when one company has 100% of the market share. A company is probably considered to have monopoly energy with a greater than 25% market share.
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The blank______ presentation format assumes that given the right suggestion by a salesperson, the prospect will buy.'
The stimulus response presentation format assumes that given the right suggestion by a salesperson, the prospect will buy.'
What is a stimulus response presentation?
A method of selling that depends on the salesperson's skill to say the correct thing (stimulus) in order to get the buyer to respond favorably (response).
What is the most important part in the sales presentation format?
The finest sales presentation includes a demo, data visualization, a customer narrative, and more. It's a huge undertaking that demonstrates the power of your offering. If done correctly, it will keep your prospects interested and encourage them to work with you.
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If the adjustment for prepaid expenses is not recorded:____.
a. net income will be overstated.
b. expenses will be overstated.
c. assets will be understated.
d. net income will be correctly stated.
If the adjustment for prepaid expenses is not recorded expenses will be overstated.
An expense is an item that generally requires an outflow of money or some form of property to another person or group in payment for an item, service, or other category of expense. For tenants, rent is an expense. For students and parents, teaching is a cost.
a: Financial Charges or Expenses: Monuments are erected at own expense.
b: Offset of operating expenses against revenue for a specified period.
c: Expended to secure superiority or achieve results.
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As their overseas operations have increased in importance, larger multinationals have felt the need to?
Companies have felt the need to: A. eliminate the international division as their overseas operations have grown in importance. The overseas operations are defined as any a flying operation conducted from any point on the North American continent to any landing point more than the four hundred and thirty-five nautical miles outside the boundary.
The North American continent; or any flying operation conducted between any points more than the four hundred and thirty-five nautical miles outside such boundary; and any other flying operations not now included herein that may be mutually agreed upon between the Company and such other parties.
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An example of price floor is a. minimum wages b. rent controls in new york c. both a and b d. none of the above
Option c. Both a and b are right as
a. Minimum wages and b. rent control in New York is an example of a price floor.
What is Price Floor?A fixed lower limit on a commodity's market price is known as a price floor. In order to prevent a commodity's market price from falling too low and endangering the producers' ability to make a living, governments typically create a price floor.
Types of Price FloorPrice floors are classified into two types:
A non-binding price floor is one that is lower than the current market price.A binding price floor is one that is higher than the prevailing market price.Price floors can be classified into two extremes:
A price floor of infinity is similar to making the exchange or sale of the commodity unlawful.A non-inclusive price floor of zero can be thought of as a requirement that the product not be given away for free.Therefore, Option c. Stating both options a. and b. are correct examples of Price Floor is the right answer.
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The manager of a supermarket would like to know which of several quality problems to address a tool that would be most helpful would be a: _________
The manager of a supermarket would like to know which of several quality problems to address a tool that would be most helpful would be a Pareto chart.
A Pareto chart is a form of a graph with both bars and a line graph, where the bars reflect individual values in descending order and the line the cumulative total. The chart is called after the Pareto principle, which takes its name from renowned Italian economist Vilfredo Pareto.
The Pareto chart's goal is to draw attention to the most significant among a group of (usually several) components. Pareto charts can be used in quality control to identify the flaws that need to be fixed first in order to see the biggest overall improvement.
It frequently reflects the most frequent causes of faults, the most prevalent kind of defect, the most common causes of customer complaints, and so forth. For each bar in the Pareto chart, Wilkinson (2006) developed a method that generates statistically based acceptability limits (akin to confidence intervals).
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Why do managers, who have been promoted from the flight line, have such a difficult time performing in their new management role?
The managers, who have been promoted from the flight line, have such a difficult time performing in their new management role because "early in their careers, new aviation managers concentrated on honing their piloting abilities."
Who is aviation manager?The division in charge of planning operations at such an airport, airline, or other aviation-related businesses is known as aviation management. Customers service, aviation maintenance, flight logistics, and airline marketing are just a few of the specialties of industry experts.
Some roles of aviation manager are-
ensuring that the business operates safely and effectively ensuring that the flight schedules are followedmonitoring inspection schedules and operations, keeping records of aircraft maintenancemonitoring and verifying compliance with legal and statutory requirementshiring and firing personnel helping the repair and maintenance team with flight preparation going through and evaluating aircraft accident reportskeeping abreast with the newest aviation regulations, rules, standards, and lawscoordinating closely with emergency crews to keep an eye on the weather and foresee any problems with aviation operationsidentifying issues with airline or airport servicesidentifying areas for improvement and creating a plan of action to improve efficiencyTo know more about aviation administration, here
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During July of the current year, the management of Genuine Spice Inc. asked the controller to prepare August manufacturing and income statement budgets. Demand was expected to be 1,500 cases at $100 per case for August. Inventory planning information is provided as follows: Finished Goods Inventory: Cases Cost
Estimated finished goods inventory, August 1 300 $12,000 Desired finished goods inventory, August 31 175 7,000 Materials Inventory: Cream Base (ozs.) Oils (ozs.) Bottles (bottles) Estimated materials inventory, August 1 250 290 600 Desired materials inventory, August 31 1,000 360 240
There was negligible work in process inventory assumed for either the beginning or end of the month; thus, none was assumed. In addition, there was no change in the cost per unit or estimated units per case operating data from January.
Required:
1. Prepare the August production budget.
2. Prepare the August direct materials purchases budget.
3. Prepare the August direct labor budget. Round the hours required for production to the nearest hour.
4. Prepare the August factory overhead budget. If an amount box does not require an entry, leave it blank. (Entries of zero (0) will be cleared automatically by CNOW.)
5. Prepare the August budgeted income statement, including selling expenses. NOTE: Because you are not required to prepare a cost of goods sold budget, the cost of goods sold calculations will be part of the budgeted income statement.
Based on the August Production Budget, from the information provided, the total units to be produced are:
1, 375 cases. See the attached image for the production budget.
The production budget computes and estimates the number of units of a good that must be produced, and is calculated by summing up:
the sales forecast and the planned amount of finished goods inventory to have on hand.What is Direct Materials Purchases Budget?The amount of material that must be purchased to meet the production budget is determined by a direct materials purchasing budget. This is computed for every manufacturing period, which is often monthly or quarterly.
See the attached image for the direct materials purchasing budget.
What is the Direct Labor budget?To determine how many work hours will be required to create the items listed in the production budget, the direct labor budget is utilized. A more intricate direct labor budget will compute both the overall number of hours required and the breakdown of those hours by labor type.
See the attached image for the direct labor budget.
What is factory overhead budget?With the exception of direct expenditures, which are already covered by the direct material budget and the direct labor budget, the factory overhead budget lists all projected manufacturing expenses required to generate the budgeted output level for a period.
See the attached image for the actual budget.
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Marshall is a purchasing agent for DigitoolArt Corporation. His duties require him to negotiate and execute contracts to purchase office supplies and equipment for the corporation. Assume that Bronson, a computer sales representative, pays Marshall a $20,000 kickback to purchase from him computers needed by DigitoolArt Corporation. What breach of the duty of loyalty has Marshall committed here
Making a secret profit is the breach of loyalty that Marshall can be said to have committed here.
What is a breach of loyalty?
This is the term that is used to refer to the fact that in a business arrangement one of the parties has done something that would not be beneficial to the other party as they seek to act or carry out the business that would favor them.
The breach that can be seen here is from the fact that the business was conducted without the agency that Marshall is working for. He acted outside of the Company's knowledge.
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The labor/capital ratio in the capital-intensive industry is _____ the labor/capital ratio in the labor-intensive industry.
The labor/capital ratio in the capital-intensive industry is Sometimes lower than and sometimes greater than the labor/capital ratio in the labor-intensive industry.
Beacuse Capital intensive leads to an increase in operating and other maintenance costs whereas the labour intensive leads to optimum utilization of resources which reduces the production cost.
Intensive refers to the concentrated or strongly focused on a specific thing.
Labour means the work done by a group of workers or by a particular worker.
Utilization is a systematic approach to the process and use of resources to aide in the learning process
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Giving workers explicit instructions to meet the goals and objectives of the organization is _______.
Giving workers explicit instructions to meet the goals and objectives of the organization is directing.
What do you mean by directing?
Planning, organizing, and staffing are merely pre-work activities; directing initiates the action of individuals. For the purpose of achieving organizational objectives, direction is a component of management that deals specifically with persuading, directing, monitoring, and motivating people.
Directing assistance to encourage organization members to take the first steps toward achieving targeted goals. For instance, if a manager helps his employees complete tasks and answers any questions they have, it will enable them to meet their assigned job goals.
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The 20/60/20 rule states that the total percent of employees who might be influenced to commit a fraudulent act is:__________
The 20/60/20 rule states that the total percent of employees who could commit a fraudulent act is 60% - 80%.
More about the fraudulent employees :
Basically, it's a non-scientific ratio intended to illustrate how the workforce will typically fall into one of three categories whenever a significant organizational change is anticipated
What it tries to say is:
20 percent will be on board and prepared to make the modifications as needed. 60 percent of people will be aware of the need for change, even though they are still dubious about it. 20% won't be participating at all. While it is the responsibility of the leader to advocate for change, it is unlikely that there will ever be a time when all employees are on board.
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Siblings, Inc., is expected to maintain a constant 6.4 percent growth rate in its dividends, indefinitely. If the company has a dividend yield of 4.3 percent, what is the required return on the company's stock
Siblings, Inc., is expected to maintain a constant 6.4 percent growth rate in its dividends, indefinitely. If the company has a dividend yield of 4.3 percent, what is the required return on the company's stock is 10.7 %.
What is Company?
The legal organization that conducts business is referred to as a "company." According to business law, the company will be the registrar. The task is being carried out by the business. It has a complicated organizational structure.
The term will be given are:
Dividend yield = 4.3 %
Growth rate = 6.4 %
Required rate of return = ?
Required rate of return = Dividend yield + growth rate
Required rate of return = Dividend yield (4.3 %) + growth rate ( 6.4 %)
Required rate of return = 10.7%.
Therefore, the correct answer is 10.7%.
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What factors are used in the rule-of-thumb methods to determine the communication budget?.
Prior sales and communication activities
To determine the current communication budget, rule-of-thumb methods use prior sales and communication activities. These methods are simple to implement, but they do have some limitations.
What is rule-of-thumb?A rule-of-thumb is a heuristic guideline that gives simplified counsel or a fundamental rule-set for a certain subject or course of action. It is a broad principle that provides specific directions for completing or performing a task. Generally, rules of thumb emerge from practice and experience rather than scientific study or a theoretical underpinning.
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Consider the information below for a purely competitive firm : if output is two units, then mr > mc > avc and output should be _________ .
Consider the information below for a purely competitive firm : if output is two units, then mr > mc > avc and output should be increased.
The situation in which one firm can produce the total output of the market at lower cost than several firms is called a a. pure monopoly. b. cost monopoly. c. ruling monopoly. d. natural monopoly
(D) Natural monopoly
The situation in which one firm can produce the total output of the market at lower cost than several firms is called a Natural monopoly.
There are many kinds of monopoly that exist in a particular market which are pure monopoly where only single seller is there with no competition.
Another kind of monopoly is the cost monopoly where the price is determined on the basis of the cost of the articles produced.
Ruling monopoly is another kind of monopoly which is greatest kind of monopoly in the competition only one produce rules and natural monopoly in which naturally the product is single selling.
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The family and medical leave act of 1993 requires that employers allow eligible employees to take a maximum of _____ during any 12-month period
The family and medical leave act of 1993 requires that employers allow eligible employees to take a maximum of twelve weeks during any 12-month period.
The entitles eligible employees of covered employers to take unpaid, job-protected leave for specified family and medical reasons with continuation of group health insurance coverage under the same terms and conditions as if the employee had not taken leave.
An family and medical leave act worker is entitled to as much as 12 workweeks of depart for most qualifying reasons or up to 26 workweeks of family and medical leave act leave for army caregiver go away. The employee's actual workweek is the basis for figuring out the worker's family and medical leave actdepart entitlement.
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