Answer:
This is false.
Explanation:
Diversification is An investment strategy that includes a mixture of a wide variety of investments from different categories within a portfolio.
A well diversified portfolio does not need 3 to 5 stocks from different categories instead A well-diversified portfolio needs about 20-25 stocks from various categories.
Computing materials variances:
D-List Calendar Company specializes in manufacturing calendars that depict obscure comedians. The company uses a standard cost system to control its costs. During one month of operations, the direct materials costs and the quantities of paper used showed the following:
Actual purchase price
$0175 per page
Standard quantity allowed for production
170,000 pages
Actual quantity purchased during month
200,000 pages
Actual quantity used during month
185,000 pages
Standard price per page
$0.17 per page
1. Total cost of purchases for the month
2. Materials price variance
3. Materials quantity variance
4. Net materials variance
Answer:
1. Total cost of purchases for the month
= actual purchases x actual price = 200,000 pages x $0.175 per page = $35,0002. Materials price variance
= (actual unit cost - standard unit cost) x actual quantity used = ($0.175 - $0.17) x 185,000 = $925 unfavorable3. Materials quantity variance
= (actual quantity used - standard quantity allowed) x standard price = (185,000 - 170,000) x $0.17 = $2,550 unfavorable
4. Net materials variance
= materials price variance + materials quantity variance = $925 + $2,550 = $3,475 unfavorableExplanation:
Actual purchase price $0.175 per page
Standard quantity allowed for production 170,000 pages
Actual quantity purchased during month 200,000 pages
Actual quantity used during month 185,000 pages
Standard price per page $0.17 per page
People are willing to pay more for a diamond than for a bottle of water because a. the marginal benefit of an extra diamond far exceeds the marginal benefit of an extra bottle of water. b. producers of diamonds have a much greater ability to manipulate diamond prices than producers of water have to manipulate water prices. c. the marginal cost of producing an extra diamond far exceeds the marginal cost of producing an extra bottle of water. d. water prices are held artificially low by governments, since water is necessary for life.
Answer:
the marginal benefit of an extra diamond far exceeds the marginal benefit of an extra bottle of water.
Explanation:
The paradox of value also known as the diamond–water paradox stares that although water is more useful than diamond because it is needed for survival, diamonds are more expensive than water. This is so because the marginal value of a diamond is higher than the marginal value of water.
I hope my answer helps you
Certain balance sheet accounts of a foreign subsidiary of the Rose Co. had been stated in U.S. dollars as follows: Stated at Current Rates Historical Rates Accounts receivable—current $ 280,000 $ 308,000 Accounts receivable—long term 140,000 154,000 Prepaid insurance 70,000 77,000 Goodwill 112,000 119,000 Totals $ 602,000 $ 658,000 If the subsidiary's local currency is its functional currency, what total amount should be included in Tulip's balance sheet in U.S. dollars? $658,000. $609,000. $616,000. $602,000.
Answer:
$602,000
Explanation:
Since the foreign currency is the functional currency in this case, what is required to be done is the translation of the balance sheet accounts, not a remeasurement of the accounts.
The guiding principle is that when the financial statement of subsidiary is prepared using functional currency, assets and liabilities should be translated using the current rates.
Since $602,000 is the total using the current in the question, the total amount that should be included in Tulip's balance sheet in U.S. dollars is therefore $602,000.
4. You may think of your college or university as an organization that offers a line of different educational products. Assume that you have been hired as a marketing consultant by your university to examine and make recommendations for extending its product line. Develop alternatives that the university might consider: a. Upward line stretch b. Downward line stretch c. Two-way stretch d. Filling-out strategy
Answer:
c. Two-way stretch
Explanation:
For the extension of the product line, the marketing consultant will consider the upwards line stretch as to being In the new products and raise the competition. The two-way stretch can be considered as it allows for the price flexibility to meet both the lower and higher ends customers. A product line extension is a process by which the companies can go beyond their lengths to satisfy the refined segment of the market. It may be done horizontally and vertically.Gomez runs a small pottery firm. He hires one helper at $16,500 per year, pays annual rent of $6,000 for his shop, and spends $22,500 per year on materials. He has $40,000 of his own funds invested in equipment (pottery wheels, kilns, and so forth) that could earn him $5,000 per year if alternatively invested. He has been offered $19,500 per year to work as a potter for a competitor. He estimates he could use his talents to earn an additional $5,500 per year in consulting fees if he were working full time as a potter. Total annual revenue from pottery sales is $89,000.Calculate the accounting profit and the economic profit for Gomez's pottery firm.
Accounting profit = ?
Economic profit = ?
Answer:
$44,000
$14,000
Explanation:
Accounting profit is total revenue less total explicit cost.
Accounting profit = Revenue - Explicit cost
Total explicit cost = $16,500 + $6,000 + $22,500 = $45,000
Total revenue = $89,000
Accounting profit = $89,000 - $45,000 = $44,000
Economic profit is accounting profit less implicit cost or opportunity cost.
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Opportunity cost = $5,500 + $19,500 + $5,000 = $30,000
Economic profit = $44,000 - $30,000 = $14,000
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Nate is a partner in a partnership that received $5,000 of interest income this year. Nate's share of the interest is $1,000, and he should report this income on his individual return as:
Answer:
Interest Income
Explanation:
Based on the described scenario it can be said that Nate should report this income on his individual return as Interest Income. This is the amount of interest that the individual has earned in a specific period of time. This is what Nate has made by collecting his share of the interest and should be reported as such since Income from flow-through entities retains its character when reported on individual returns.
ive years ago, NorthWest Water (NWW) issued $50,000,000 face value of 30-year bonds carrying a 14% (annual payment) coupon. NWW is now considering refunding these bonds. It has been amortizing $3 million of flotation costs on these bonds over their 30-year life. The company could sell a new issue of 25-year bonds at an annual interest rate of 11.67% in today's market. A call premium of 14% would be required to retire the old bonds, and flotation costs on the new issue would amount to $3 million. NWW's marginal tax rate is 40%. The new bonds would be issued when the old bonds are called. Refer to the data for NorthWest Water (NWW). What is the required after-tax refunding investment outlay, i.e., the cash outlay at the time of the refunding?
Answer:
the required after-tax refunding investment Outlay is $6,200,000
Explanation:
Given that:
NorthWest Water (NWW) issued $50,000,000 face value
Time of issuance = 5 years ago
Bond = 30
Annual coupon payment = 14%
Amortizing amount of floating costs on these bonds over the 30 - year life is $3 million
Also;The company could sell a new issue of 25-year bonds at an annual interest rate of 11.67% in today's market.
Call premium = 14%
NWW's marginal tax rate is 40%
The objective from the given data set is to find the required after-tax refunding investment outlay, i.e., the cash outlay at the time of the refunding.
Initial Outlay = After tax call premium + Floatation cost - Unexpensed float cost
Initial Outlay = [tex](0.14 *50,000,000) + (1 - 0.40)+ $3,000,000 - ($3,000,000)*(\dfrac{25}{30})*0.40[/tex]
Initial Outlay [tex]=4,200,000+ 3,000,000-1,000,000[/tex]
Initial Outlay = $6,200,000
Therefore ; the required after-tax refunding investment Outlay is $6,200,000
A firm has issued 40,000 shares of stock whose current price is $81 per share. Shareholders expect an annual return of 15%. The firm also has a two-year loan of $1,800,000 at 6.4% annual interest. It has also issued 8,500 bonds with a face value of $1,000 each, with 15 years left to maturity, semi-annual compounding, and a coupon interest rate of 5%. The bonds are currently worth (have a current market price of) $1,100 each on the market.(a) Using market values for its debt and equity, calculate the firm's weighted-average cost of capital (WACC) before taxes. Round to tenths place (e.g., 12.8%) (b) Assume a tax rate of 38% applies. Calculated the WACC after accounting for the impact taxes have with same rounding)
Answer:
(a) WACC before tax is 7.43%
(b) WACC after tax is 5.89%
Explanation:
WACC = Value of equity * cost of equity/ (Value of equity & debt) + Value of debt * cost of debt/ (Value of equity & debt)
Value of equity = number of share * current price = 40,000 * $81 = $3,240,000
Market value of bond = $1,100 * 8,500 = $9,350,000
Market value of equity & debt = $3,240,000 + $1,800,000 + $9,350,000 = $14,390,000
(a) WACC before tax = 3,240,000 * 15%/ 14,390,000 +1,800,000 * 6.4%/ 14,390,000 + 9,350,000 * 5%/ 14,390,000 = 7.43%
(b) If tax rate is 38%, then cost of debt is changed as below:
Cost of two-year loan = 6.4%* (1-38%) = 3.97%
Cost of bond = 5% * (1-38%) = 3.1%
WACC after tax = 3,240,000 * 15%/ 14,390,000 +1,800,000 * 3.97%/ 14,390,000 + 9,350,000 * 3.1%/ 14,390,000 = 5.89%
Church Inc. is presently enjoying relatively high growth because of a surge in the demand for its new product. Management expects earnings and dividends to grow at a rate of 22% for the next 4 years, after which competition will probably reduce the growth rate in earnings and dividends to zero, i.e., g = 0. The company's last dividend, D0, was $1.25, its beta is 1.20, the market risk premium is 5.50%, and the risk-free rate is 3.00%. What is the current price of the common stock?
a. $32.69
b. $26.57
c. $27.37
d. $28.97
e. $23.39
Answer:
Option B ,$26.57 is correct
Explanation:
The cost of equity =Rf+Beta*Mrp
Rf is the risk free rate of 3.00%
Beta of equity is 1.20
Mrp is the market risk premium which is 5.50%
Cost of equity=3.00%+(1.20*5.50%)=9.60%
Stock price =present value of dividends+present value of terminal value
D1=$1.25*(1+22%)/(1+9.6%)^1=$ 1.39
D2=$1.25*(1+22%)^2/(1+9.6%)^2=$ 1.55
D3=$1.25*(1+22%)^3/(1+9.6%)^3=$ 1.72
D4=$1.25*(1+22%)^4/(1+9.6%)^4=$ 1.92
terminal value=year 4 dividend/(r-g)
year 4 dividend=$1.25*(1+22%)^4= 2.77
r is the cost of equity of 9.6%
g is the dividend afer year 4 which is 0%
terminal value= 2.77/(9.6%-0%)=$ 28.85
present value of terminal value= 28.85/(1+9.6%)^4=$ 19.99
Total present values=$ 1.39+$ 1.72+$ 1.92 +$ 1.92 +$ 19.99 =$26.58
According to the question Option B ,$26.57 is correct
How to calculate of common stock?When The cost of equity = [tex]Rf+Beta "/times" Mrp[/tex]
After that, Rf is the risk free rate of 3.00%
then Beta of equity is[tex]1.20[/tex]
After that Mrp is the market risk premium which is 5.50%
So that, Cost of equity 3.00%+(1.20*5.50%)=9.60% = 9.60%
Then The Stock price is = present value of dividends + present value of terminal value
Now, D1 is = $[tex]1.25 "/times" (1+22[/tex]%[tex])/(1+9.6[/tex]%)^[tex]1=$ 1.39[/tex]
Then, D2 is = $[tex]1.25 "/times" (1+22[/tex]%[tex])^2/(1+9.6[/tex]%)^[tex]2=$ 1.55[/tex]
Then D3 is = $1.25 "/times" (1+22%)^3/(1+9.6%)^3=$ 1.72
After that D4 is = $[tex]1.25*(1+22[/tex]%[tex])^4/(1+9.6[/tex]%)^[tex]4=$ 1.92[/tex]
Then the terminal value is = year 4 dividend/(r-g)
Then year 4 dividend is = $[tex]1.25×(1+22[/tex]%)^4= 2.77
Then r is the cost of equity of 9.6%
Now, g is the dividend after year 4 which is 0%
After that terminal value is = 2.77/(9.6%-0%)=$ 28.85
Then present value of terminal value is = [tex]28.85/(1+9.6[/tex]%)^4=$ 19.99
Thus, The Total present values is =$ [tex]1.39+$ 1.72+$ 1.92 +$ 1.92 +$ 19.99[/tex] =$26.57
Therefore Option B is $26.57
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Ans:
5. Abena travelled 40% of the distance of her trip alone, went another 35 miles with Saralyn,
and then finished the last half of the journey alone. How many miles long was the journey?
Ans:
miles
6. The mean of the data set (9,5,7, 2, x} is twice the data set (8,x, 4,1,3}. What is (y - x)2?
Ans:
UGRC 120: Numeracy Skills
Page 5 of 8
Answer:
5) 350 miles
Explanation:
5)
40% + 35 miles = 50%
=> 50% - 40% = 35 miles = 10%
=> 100% = 35 * (100% / 10%) = 35 * 10 = 350 miles
The selection process for a school teacher's job requires the applicant to keep a class of thirty students engaged in a classroom activity for an hour. The candidate is evaluated by the interviewers during this period, and the activity plays a vital role in the selection process. This is an example of which of the following types of tests?A. Physical ability test
B. Personality test
C. Ability test
D. Paper-and-pencil test
E. Performance Test
Answer:
E. Performance Test
Explanation:
Based on the scenario being described in the question it can be said that this is an example of a performance test. These are simply tests in which an individual is observed performing the tasks/actions that are required of them. Their performance is evaluated based on a predefined guideline in order to rate their efficiency. Which is what the interviewer is doing to the candidates in order to find the best individual to hire as a teacher.
Elegant Limited sells restored classic cars. Most of its customers are private buyers who buy cars for themselves. However, some of them are investors who buy multiple cars and hold them for resale. All sales of Elegant Limited are for cash. Depict the association and cardinality for the sales of cars at Elegant Limited based on REA model.
Answer:
Elegant Limited
Depiction of the Association and Cardinality for the Sales of Cars based on the REA Model:
1. Association: This is about the relationships that exist among the economic elements involved in the REA model. They are Economic Resources, Economic Events, and Economic Agents. These elements interact during each business transaction in such interconnected processes that business transactions cannot be complete without any element.
For example, the economic resources during the sale of a car at Elegant Limited are 1) a car and 2) money. These are exchanged between Elegant Limited and the customer and vice versa. In the same light, an economic event takes place during the exchange of either a car or money. While a car is a physical resource (asset), money is a financial resource (asset). For each of these two events, the economic agents who must interact are the workers at Elegant Limited and the customer whether private buyers or investors.
2. Cardinality: This refers to the elements that are involved in the REA model. They are three as already described. They are Economic Resources, Economic Events, and Economic Agents. No business transaction is complete where any element is not present. So, these elements are cardinal in the relationship.
Explanation:
The REA model is an accounting system re-engineering model originally proposed by William E. McCarthy as a generalized accounting model. It contains the concepts of resources, events and agents (McCarthy 1982).
The model views accounting data collection as a system to collect data about the resources, events, and agents within business processes, thereby suggesting that the basic data collected should be about the resources, events, and agents involved in an exchange.
On September 1, 2021, Daylight Donuts signed a $188,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2022. Daylight Donuts should report interest payable at December 31, 2021, in the amount of: (Do not round your intermediate calculations.)
Answer:$3,760--- Interest payable at December 31, 2021.
Explanation:
Interest payable is current liability recorded on a firm's balance sheet that shows the amount of interest which a firm owes currently but has not yet paid as of the date recorded on the of the balance sheet.
For daylight donuts
September --- December = 4 months
interest payable within the four months= $188,000 X 6% X 4/12= $3,760
Daylight Donuts should report interest payable at December 31, 2021, in the amount of $3,760
Changes in reserve requirements to conduct monetary policy is generally not a good idea for the United States because:
A)it requires approval of Congress and this can take too long.
B)it takes a long time to work whereas other tools are much quicker.
C)this tool is powerful and makes it difficult for bank managers to plan for the future and manage funds as they like.
D)the United States is too large of a country to use this tool.
Answer: this tool is powerful and makes it difficult for bank managers to plan for the future and manage funds as they like.
Explanation:
Reserve requirements are the amount of money that a bank holds in its reserve to ensure that it can meet liabilities in the case of sudden withdrawals. The reserve requirement is a tool that is used by the central bank of a country to either increase or decrease the money supply in the economy and also influence interest rates.
The changes in reserve requirements to conduct monetary policy is not a good idea for the United States because it is a powerful tool which makes it hard for bank managers to make future plans and manage funds as they want. In a situation whereby small variation in the reserve ratio brings about huge changes in an economy, the changes are positive and okay but in a situation whereby they bring about negative effect, it will be hard to face such scenarios.
Which is not an example of an intangible asset?
1_A trademark
2_A computer
3_A patent
4_A copyright
An intangible asset excludes a computer. Thus the correct answer is (2).
What is an intangible asset?An intangible asset is referred to as a thing that an individual is unable to see or touch. An intangible asset is a lack of physical appearance. One can not transfer them from one location to another.
One can able touch or see a personal computer so it is not an intangible asset. Therefore, option (2) is appropriate.
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Assuming that Tim is 75 years old at the end of 2019 and his marginal tax rate is 32 percent, what amount of his distribution will he have remaining after taxes if he receives only a distribution of $50,000 for 2019?
Answer:
$15,300
Explanation:
Solution
Recall that:
Suppose that Tim is 75 years old at the end of 2018
The marginal tax rate here is = 32%
The distribution = $50,000
Now,
What amount of distribution he get after taxes
At 75 years of age that is the age of the participant
Distribution period = 22.9
The Applicable percentage = 4.37%; this is gotten from the table attached below
Thus,
He implies that 2,000,000 * 4.37 %
=$87,400
The less amount received = $50,000
The balance is = $87,400 = $50,000
= $37,400
Tim needs to pay tax at 32%
= 50,000 * 32%
=$16,000
The pay penalty become s =37,400 * 50% = $18,700
The total amount for tax to be paid and the penalty is = $16000 + $18700= $34,700
The amount received by Tim after tax is = $50,000 - $34700 =$15,300
The amount Tim will receive after tax is $15,300
Note: Kindly find the complete question and table as part of the solution solved below
Godcare, an insurance firm based in California, had difficulties expanding their operations to Asian markets as most of their target countries had strict regulations on transferring the details of the customers among the different branches of the firm. The company had to obtain an approval from its customers before sharing their personal information with its branches in other countries. Which of the following barriers is most likely to have affected the services of Godcare in the given scenario?a. Protectionismb. Control on transborder data flowsc. Protection of intellectual propertyd. Cultural requirements for adaptatione. Language translation barriers
Answer:
The correct answer is: b. Control on transborder data flows.
Explanation:
Control on transborder data flows was the barrier that probably affected Godcare services in the scenario above.
The insurance company had this barrier of control of transborder data when expanding its business to Asian countries with stricter regulations on the transfer of customer data.
Generally, these government restrictions arise to protect against possible abuses and invasions of privacy, which meant that the company needed the approval of each customer to share their personal information with its branches in other countries.
2. It has been mentioned that Starbucks encourages its customers to use its mobile app. What type of information might the company gather from the app to help it better plan operations
Answer:
There are several things and strategies that the company can do from gathering different types of information in the app. Some examples are explained below.
Explanation:
To begin with, the company can extract personal information about the clients like the age and area of residence and those factors can help the organization's operations plan in many ways, like for example in knowing better which is the area where the most of the clients live or which is the average age of all the clients so in that case they will know which is their target audience and how to create marketing messages to stimulate them to go to the store or to buy more products, etc.
Another example could be the likes of the customers, by knowing which is the product that they order the most then the company can implement an strategy to try to sale the other products and so on with other variables.
A stock sells for $50. The next dividend will be $5 per share. If the rate of return earned on reinvested funds is a constant 15% and the company reinvests a constant 20% of earnings in the firm, what must be the discount rate
Answer:
The answer is 13%
Explanation:
Solution
Recall that:
A stock sells for =$50
The next dividend is = $5 per share
The rate of return = 15%
Company reinvests a constant of =20%
What is the rate of discount = ?
Now
The first step is to calculate the rate of growth which is shown below:
g = equity return * retention rate
g = 15% * 0.2 = 3%
Thus,
The Gordon growth model is stated below:
Stock price = dividend in following year/ (discount - g)
So,
50 = 5/ (discount - g)
The discount - g = 5/50
Discount - g = 10%
The discount = 10 + 3 = 13%
Therefore the discount rate =13%
CalculatorPrint Item On October 1, Black Company receives a 6% interest-bearing note from Reese Company to settle a $15,000 account receivable. The note is due in six months. At December 31, Black should record interest revenue of a.$225 b.$235 c.$232 d.$222
Answer:
Option A, $225 is correct
Explanation:
The interest revenue=face value of the note*interest rate*3/12
Three months of interest revenue is due from October 1st till December 31st.
The interest revenue that Black company would recognize =$15,000*6%*3/12=$225
The correct option is A,$225 amount of interest revenue would be recorded by Black Company in the year by debiting interest receivable(pending the maturity of the note) and crediting interest revenue
Charleston Clothing purchased land, paying $ 110,000 cash and signing a $ 280,000 note payable. In addition, Charleston paid delinquent property tax of $ 1,400, title insurance costing $ 650, and $ 5,900 to level the land and remove an unwanted building. Record the journal entry for purchase of the land
Answer:
Dr Land 397,950
Cr Cash 117,950
Cr Notes payable 280,000
Explanation:
Certain ordinary and necessary costs can be included in the purchase cost of land:
cost of the landtitle feesapplicable taxeslegal feesbroker feessurvey costsleveling costszoning feesetc.In this case, the total purchase cost of the land = $110,000 + $280,000 + $1,400 + $650 + $5,900 = $397,950
City Foods, is a firm that is experiencing rapid growth. The firm just paid a dividend of $2.00 yesterday. They expect to see their dividend grow at a twenty percent rate for the next two years and then level out at a continuous six percent growth rate. City Food's required rate of return is twelve percent. What is the most you would pay for City Foods' common stock now
Answer:
The maximum that should be paid for the stock today is $45 per share.
Explanation:
To calculate the current share price or the maximum that should be paid for the stock today, we will use the dividend discount model approach.
The dividend discount model (DDM) estimates the value of a share/stock based on the present value of the expected future dividends from the stock. We will use the two stage growth model of DDM here as the growth in dividends of the stock is divided into two stages.
The formula for current price under two stage growth model is,
P0 = D0 * (1+g1) / (1+r) + D0 * (1+g1)^2 / (1+r)^2 + ... + D0 * (1+g1)^n / (1+r)^n +
[( D0 * (1+g1)^n * (1+g2)) / (r - g2)] / (1+r)^n
Where,
g1 is initial growth rate
g2 is the constant growth rate
r is the required rate of return
So, the price of the stock today will be,
P0 = 2 * (1+0.20) / (1+0.12) + 2 * (1+0.20)^2 / (1+0.12)^2 +
[( 2 * (1+0.20)^2 * (1+0.06)) / (0.12 - 0.06)] / (1+0.12)^2
P0 = $45
Minor Company installs a machine in its factory at the beginning of the year at a cost of $135,000. The machine's useful life is estimated to be 5 years, or 300,000 units of product, with a $15,000 salvage value. During its first year, the machine produces 64,500 units of product. Determine the machines' first year depreciation under the units-of-production method.
Answer:
$25,800
Explanation:
The units-of-production deprecation method depreciates an asset based on the total units produced each year.
Unit of production depreciation expense = (units produced / total expected units of production) × (cost of asset - salvage value)
(64,500 / 300,000) x ($135,000 - $15,000)
0.215 x $120,000 = $25,800
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When firms in a perfectly competitive market face the same costs, in the long run they must be operating a. under diseconomies of scale. b. with small, but positive, levels of profit. c. at their efficient scale. d. where price is equal to average fixed cost.
Answer:
d. where price is equal to average fixed cost.
Explanation:
Firms involved in a perfectly competitive market face the same cost, they will theoretically make zero profit on the long run. This happen at the point where price is equal to average fixed cost.
Fox Co. has identified an investment project with the following cash flows. Year Cash Flow 1 $ 1,150 2 1,030 3 1,520 4 1,880 a. If the discount rate is 11 percent, what is the present value of these cash flows
Answer:
The answer is $4,221.77
Explanation:
Present value = Cash flow/(1+r)^n
where n is the number of years
Cash flow 1:
$1,150/1.11^1
=$1,036
Cash flow 2:
$1,030/1.11^2
=$835.97
Cash flow 3:
$1,520/1.11^3
=$1,111.41
Cash flow 4::
$1,880/1.11^4
=$1,238.39
Present Value of all the cash flows is
$1,036 + $835.97 + $1,111.41 + $1,238.39
=$4,221.77
Which of the following is false?
a) Mail surveys are cheap but have low response rates.
b) Coverage error is when respondents give untruthful answers.
c) Focus groups are nonrandom but can probe issues more deeply.
d) Surveys posted on popular websites suffer from selection bias.
Answer:
b) Coverage error is when respondents give untruthful answers
Explanation:
Coverage error occurs when the target population isn't the population actually sampled.
Coverage error could be undercoverage or over coverage.
undercoverage is when the sampling population doesn't include all of the target population.
Over coverage is when some of the target population is over represented in the sample population.
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Answer:
b) Coverage error is when respondents give untruthful answers.
Explanation:
Coverage error is a form of bias in experiments, where the selected sample does not match with the population for whom the experiment is actually meant for. This problem could arise as a result of undercoverage or overcoverage of samples.
Undercoverage is a situation wherein the members of the earmarked population are not included in the sample. Overcoverage occurs when samples that are not from the intended population, are included in error or even included more than once.
Perhaps the most significant federal statute specifically addressing cyber crime is the:________.
a. Uniform Trade Secrets Act.
b. Anticybersquatting Espionage Act.
c. Computer Fraud and Abuse Act.
d. Berne Convention.
Answer:
c. Computer Fraud and Abuse Act.
Explanation:
Computer Fraud and Abuse Act (CFAA) is a cyber security bill that was enacted in 1986 and is an amendment of of Comprehensive Crime Control Act of 1984.
The acts forbids a person to access a computer without proper authorisation or an excess of required authority.
Before this time cybercrime was prosecuted as mail and wire fraud. This was often inadequate.
Other provisions the act addresses are distribution of malicious code, denial of service attacks, and trafficking in passwords
Ferdinand’s employer will match 50% of his $250 monthly contributions to his 401(k). This means that Ferdinand’s employer will put 50% of $250 = $125 into Ferdinand’s 401(k) account each month in addition to Ferdinand’s $250. What a swell benefit
Answer and Explanation:
The computation of the given question is shown below:-
Total Contributions = Monthly contribution + Amount invested in Ferdinand’s 401(k)
= $250 + $125
= $375
1. Future Value = PMT [((1 + r)n - 1) ÷ r
Future value = 375 × ((1 + 0.03 ÷ 12) × 12 × 40 - 1) ÷ (0.03 ÷ 12)
= $347,272
2. Ferdinand deposit = Given Amount × Total number of months in a year × Number of years
= $250 × 12 Months × 40 Years
= $120,000
3. The Amount put in by the employer = 50% of $250 ×Total number of months in a year × Number of years
= $125 × 12 Months × 40 Years
= $60,000
4. Interest = Future value - Ferdinand deposit - The Amount put in by the employer
= $347,272 - $120,000 - $60,000
= $167,272
We simply applied the above formulas
Coronado Company's record of transactions concerning part X for the month of April was as follows.
Purchases Sales
April 1 (balance on hand) 420 0 $7.30 April 5 620
4 720 7.45 12 520
11 620 7.74 27 1,440
26 520 8.18
30 520 8.47
Compute the inventory at April 30 on each of the following bases. Assume that perpetual inventory records are kept in units only. (1) First-in, first-out (FIFO). (2) Last-in, first-out (LIFO). (3) Average-cost. (Round final answers to 0 decimal places, e.g. 6,548.)
Answer:
1.FIFO 5,631.4
2.LIFO 7,685
3.8.8542 per unit
Explanation:
Coronado Company's
1)First-in, first-out (FIFO)
(520×8.47+ 150×8.18)
= 4,404.4+1,227
= 5,631.4
2)Last-in, first-out (LIFO)
(420×7.30+ 620×7.45)
= 3,066+4,619
= 7,685
3.Cost of goods available for sale
Date Transactions Units ×Rate =Total
Apr-01 Beginning inventory 420 ×$7.30 =$3,066
Apr-04 Purchase 720×$7.45 =$5,363
11-Apr Purchase 620 ×$7.74 =$4,798.8
18-Apr Purchase 520×$7.81 =$4,061.2
26-Apr Purchase 920 ×$8.18= $7,525.6
30-Apr Purchase 520 ×$8.47 $4,404.4
Total: 3,300 $29,219
720+620+520+920+520=3,300
$3,066+5,363+4,798.8+4,061.2+7,525.6+4,404.4 =29,219
Average cost per unit =
Total cost of goods available for sale / Units available for sale
Hence:
$29,219 / 3,300
=8.8542 per unit
By law, the financial records of publicly held companies are required to be:________.
A) Managed by an accounting department of at least five CPAs.
B) Summarized in the employee manual for new hires.
C) Reviewed quarterly by the IRS.
D) Audited by a certified professional accounting firm.
Answer:
D) Audited by a certified professional accounting firm.
Explanation:
The Securities and Exchange Commission (SEC) requires that publicly traded corporations file audited quarterly financial reports and annual audited financial reports. The Sarbanes-Oxley Act (2002) is the law that established the current external auditing rules imposed by the SEC. It also established legal responsibilities for CEOs and CFOs regarding the financial statements. If they fail to meet them or provide false information, they may face criminal charges and end in jail.
