Based on implicit leadership theory, Employees have leadership prototypes, which they use to "decide whether a leader is effective based on their perception of how the leader should look and act."
What is Leadership Prototype?Leadership Prototype generally occurs when people evaluate or assess a leader's effectiveness.
Leadership prototypes are implicit leadership whereby individuals use the cognitive indication of an actual or abstract leader believed to possess all leaders' attributes.
Hence, in this case, it is concluded that the correct answer is to "decide whether a leader is effective based on their perception of how the leader should look and act."
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You wish to retire in 20 years, at which time you want to have accumulated enough money to receive an annual annuity of $30,000 for 25 years after retirement. During the period before retirement you can earn 11 percent annually, while after retirement you can earn 13 percent on your money. What annual contributions to the retirement fund will allow you to receive the $30,000 annuity
Answer:
$3,425.08
Explanation:
The computation of the annual contributions to the retirement fund is shown below:
The Present value of the annuity is
= $30,000 × [1 - (1 ÷ (1 + 13%)^25)] ÷ 13%
= $219,899.55
Now
Future value of annuity = P×[(1+r)^n-1]÷r
$219,899.55 = P×[(1+11%)^20-1]÷11%
Hence, Annual contribution required, P = $3,425.08
Integrity Accounting Firm provides various financial services to organizations. Integrity has decided to price its jobs at the total variable costs of the job plus 14.3 percent. The job for a medium-sized dance club client included the following costs:
Direct materials $20,000
Direct labor (partners and staff accountants) 150,000
Depreciation (using straight-line method) on
Integrity’s office building 50,000
Required:
Calculate the price charged by The J. Escobar Law Firm to the dance club.
Answer:
$194,310
Explanation:
The price charged by The J. Escobar Law Firm to the dance club is as follows:
Direct Materials $20,000
Direct Labour $150,000
Total Variable Cost of Jobs $170,000
14.3% Mark up on TVC $24,310
The price charged ro the club $194,310
Sheridan Company just began business and made the following four inventory purchases in June: June 1 144 units $ 952 June 10 184 units 1472 June 15 184 units 1564 June 28 144 units 1296 $ 5284 A physical count of merchandise inventory on June 30 reveals that there are 194 units on hand. Using the FIFO inventory method, the amount allocated to ending inventory for June is
Answer:
$210,688
Explanation:
The LIFO method of accounting for inventory involves issuing the last items purchased first and those purchased first are issued last hence the acronym LIFO which means last in first out
Given that June 1 144 units $ 952 June 10 184 units 1472 June 15 184 units 1564 June 28 144 units 1296 $ 5284 A physical count of merchandise inventory on June 30 reveals that there are 194 units on hand
Total number purchased during the month
= 144 + 184 + 184 + 144
= 656 units
Using the last in first out method, the 194 units left at the end would be made up of the 144 units purchased on June 1 and 50 units purchased on 10 June hence the amount allocated to ending inventory for June is
= 144 * $952 + 50 * $1472
= $210,688
Conducting a search of the story is part of store closing duties why
Searching for the store is part of store closing duties. Why?
A. To look for empty boxes
B. To ensure that all trash has been removed
C. To make sure someone is not hiding
D. To make sure all merchandise is on the sales floor
Answer:
B. To ensure that all trash has been removed
Explanation:
The purpose of conducting a search of the store which is part of store closing duties is to ensure no detail is overlooked such as removing all the trashes available and eventually avoiding more work for the next morning.
In some other cases, it is also an opportunity to clear the corridors or spaces of any merchandise, carts, or litter around the floors.
A special investment project will require 5 years of planning and implementation, but will allow your firm to receive $350,000 at the end of years 6, 7, 8, 9, and 10. If the appropriate discount rate is 13%, what is the present value of those cash flows
Answer: $668,154
Explanation:
The present value would be the sum of the present values of the five cashflows.
= 350,000 / 1.13⁶ + 350,000 / 1.13⁷ + 350,000 / 1.13⁸ + 350,000 / 1.13⁹ + 350,000 / 1.13¹⁰
= $668,154.28
= $668,154
The following is the data for Lauren Enterprises:
Selling and administrative expenses $75,000
Direct materials used 265,000
Direct labor (25,000 hours) 300,000
Factory overhead application rate $16 per DLH
Inventories
Beginning Ending
Direct materials $50,000 $45,000
Work in process 75,000 90,000
Finished goods 40,000 25,000
What is the cost of goods manufactured?
a. $1,115,000
b. $965,000
c. $955,000
d. $950,000
Answer:
b. $965,000
Explanation:
Calculation of Cost of Goods Manufactured
Particulars Amount
Direct material used $265,000
Direct labor $300,000
Factory overhead $400,000
Total manufacturing cost $965,000
The managerial accountant at Fast and Mean Manufacturing reported that the organization contains an automated production line to manufacture and produce its products for consumers to enjoy in the marketplace. The managerial accountant reported that the company uses the high-low method to estimate the costs in the new budget. The managerial accountant reported the following information: Month Total Machine-Hours Total Costs January 250,000 $5,500,000 February 248,000 $5,260,000 March 249,000 $5,400,000 April 248,000 $5,220,000 May 238,000 $5,180,000 June 230,000 $5,130,000 Compute the slope of the mixed cost, or the variable cost per unit of activity. Compute the vertical intercept, or the fixed cost component of the mixed cost. What is the mixed cost equation
Answer: See explanation
Explanation:
1. Compute the slope of the mixed cost, or the variable cost per unit of activity.
Variable cost per unit will be:
= (Total Cost at the highest level-l - total cost at the lowest level) / (Highest activity level - lowest activity level)
= (5500000 - 5130000)/(250000 - 230000)
= 370000/20000
= $18.50
2. Compute the vertical intercept, or the fixed cost component of the mixed cost.
The fixed cost will be:
= Total cost - Variable cost
= $5,500,000 - (25,000 × $18.50)
= $5,500,000 - $4,625,000
= $875,000
3. What is the mixed cost equation
Mixed Cost equation will be:
= Fixed Cost + (Variable cost per unit × Total Units of activity )
= 875000 + (18.75 × x)
Y = 875000 + 18.75x
Shelton Co. purchased a parcel of land six years ago for $860,500. At that time, the firm invested $132,000 in grading the site so that it would be usable. Since the firm wasn't ready to use the site itself at that time, it decided to lease the land for $47,500 a year. The company is now considering building a warehouse on the site as the rental lease is expiring. The current value of the land is $912,000. What value should be included in the initial cost of the warehouse project for the use of this land
The value should be included in the initial cost of the warehouse project for the use of this land is $912,000.
When embarking on a project, the value of the assets to be used should be their current market value because they reflect the current state of the assets at the time the project was embarked on thereby allowing for more accurate analysis for instance in terms of depreciation or net worth of the project.
The current market price of the parcel of land as the firm is about to embark on a project is $912,000 so this should be the considered the initial cost of project in terms of land.
Additional information on market value can be found at https://brainly.com/question/13950288.
Berkeley Corporation has a policy of furnishing new automobiles to the athletic department of the local university. The automobiles are used for short periods of time by the extremely popular head basketball coach. When the automobiles are returned to Berkeley Corporation, they are sole to regular customers. The owner of Berkeley Corporation maintains that any such cars held for more than one year should qualify as Sec. 1231 property. Do you agree?
Answer:
Berkeley Corporation
No. I do not agree with the owner of Berkeley Corporation.
Vehicles or automobiles are section 1245 property and not section 1231.
Explanation:
The IRS regards Section 1231 properties to include buildings, machinery, land, timber, and other natural resources, unharvested crops, cattle, livestock, and leaseholds that are held in a business or trade for at least one year. They are used in trade and not for sale. On the other hand, Section 1245 properties include all depreciable or amortizable tangible personal property, such as furniture, automobiles, and equipment, or other intangible personal property, such as a patent or license.
Based on the information given, it's not section 1231. Therefore, I do not agree with the owner of Berkeley Corporation.
Section 1231 simply means a term that is used to describe a property relating to the United States Internal Revenue Code. Vehicles or automobiles are section 1245 property and not section 1231.
The Internal Revenue Service regards Section 1231 properties like buildings, machinery, land, timber, and other natural resources, unharvested crops, cattle, livestock, etc. Section 1245 represents properties that are depreciable like furniture, automobiles, equipment, etc.
Learn more about section 1231 on:
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liên kết kinh tế vĩ mô là gì
Answer:
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To determine whether the goal of stable prices is being achieved, the Federal Reserve monitors the ________; to determine whether the goal of maximum employment is being achieved, the Federal Reserve monitors ________.
Answer:
Core PCE deflator inflation rate;
the Output gap
Explanation:
Goals of Monetary Policy
There are several goals of monetary policy. They includes maximum employment, stable prices, and moderate long-term interest rates. Usually in the long run, the above goals works in harmony and empower each other, but in the short run, they might be in conflict. The main goal of this policy is price stability as it is the source of maximum employment and moderate long-term interest rates.
The Fed has two possible instruments:they includes;
1. Monetary base
2. Federal funds rate
Output Gap
When this gap is positive, an inflationary gap, the inflation rate increases drastically or accelerate. This will make the Fed to consider raising the federal funds rate. It is said that If the output gap is negative, a recessionary gap, inflation might ease. Thereby making the Fed to consider lowering the federal funds
The Stables Prices Goal
The Fed do put close attention to the CPI removing fuel and food which is the core CPI. The rate of increase in the core CPI is simply termed core inflation rate. The Fed do believes that the core inflation rate provides a better measure of the underlying inflation patterns and a better prediction of future CPI inflation.
characteristics of a good negotiater
You have just been hired as the director of operations for Reidâ Chocolates, a purveyor of exceptionally fine candies. Reid Chocolates is evaluating a kitchen layout under consideration for its recipe making and testing department. The strategy is to provide the best kitchen layout possible so that food scientists can devote their time and energy to productâ improvement, not wasted effort in the kitchen.
Flow Refrigerator Counter Sink Storage Stove
Refrigerator - 8 14 0 0
Counter 7 - 4 4 8
Sink 4 14 - 4 0
Storage 3 0 0 - 5
Stove 0 9 4 11 -
For layout numberâ one, the cumulative â"loadtimesÃâdistance" orâ "movementâcost"equals=_____feet â(enter your response as a wholeâ number).
For layout numberâ two, the cumulativeâ"loadtimesÃâdistance" orâ "movement âcost"= _________feetâ(enter your response as a wholeâ number).
Solution :
Number or strips between the work centers
From/To Refrigerator(1) Counter(2) Sink(3) Storage(4) Stove(5)
Refrigerator 1 8 14 0 0
Counter 2 7 4 4 8
Sink 3 4 14 4 0
Storage 4 3 0 0 5
Stove 5 0 9 4 11
The weighted average score can be calculated by finding the distance between the departments.
Departments No. of strip Distance Wt. Distance
1,2 8 4 32
1,3 14 8 112
2,1 7 4 28
2,3 4 4 16
2,4 4 8 32
2,5 8 12 96
3,1 4 8 32
3,2 14 4 56
3,4 4 4 16
4,1 3 12 36
4,5 5 4 20
5,2 9 12 108
5,3 4 8 32
5,4 11 4 44
660
Therefore, load time x distance or the movement cost = 660 feet
If fixed costs are $1,464,000, the unit selling price is $220, and the unit variable costs are $114, what are the break-even sales (units) if fixed costs are increased by $46,400? a.11,399 units b.21,374 units c.17,099 units d.14,249 units
Answer:
d.14,249 units
Explanation:
Break-even sales (units) = Fixed Costs ÷ Contribution per unit
Where,
Contribution per unit = Unit Selling Price - Unit Variable Cost
= $106
therefore,
Break-even sales (units) = ($1,464,000 + $46,400) ÷ $106
= 14,249
thus,
the break-even sales (units) if fixed costs are increased by $46,400 is 14,249 units.
Show what happens to the firm's output choice and profit if the price of the product falls from $52 to $42. If the market price falls from $52 to $42, then the firm's output will decrease or increase from _____units to _____ units. (Enter your responses using integers.)
Answer: The firm's output will therefore decrease from 9 units to 8 units.
Explanation:
This firm most likely operates in a competitive market where price is the same as marginal revenue.
In such a market, firms will try to maximize output by selling at a level where Price is equal to Marginal cost and if they cannot get here, they try to make them as close as possible so long as marginal cost does not exceed price.
As this is the case, when the price was $52, the closest Marginal cost that isn't higher than price was $45 for an output level of 9 units.
If the product falls to $42, the closest marginal cost that isn't higher than the cost is $38 for 8 units.
The firm's output will therefore decrease from 9 units to 8 units.
A manufacturing firm has a marketable permit that currently allows for 150 tons of emissions. However, the marketable permit is shrinkable and the firm will only be allowed 100 tons of emissions next year. The manufacturing firm projects that its optimal emissions next year will be 160 tons. It is the best interest of the manufacturing firm to purchase permits allowing for _______ tons of emissions.
Answer: 60
Explanation:
Since we are given the information that the firm will only be allowed 100 tons of emissions next year while the manufacturing firm projects that its optimal emissions next year will be 160 tons, then it will be in the best interest of the manufacturing firm to purchase permits allowing for (160 - 100) = 60 tons of emissions.
The correct answer is 60 tons of emissions.
If the United States passed a tariff on imported steel which of the following would directly benefit?
A. Foreign steal companies
B. All Americans would benefit because of the lower price for steel
C. Businesses which imports steel
D. American steel producers
businesses which imports steel C
Ellie purchases an insurance policy on her life and names her brother, Jason, as the beneficiary. Ellie pays $41,000 in premiums for the policy during her life. When she dies, Jason collects the insurance proceeds of $615,000.
As a result, Jason reports gross income of:______.
Answer: $0
Explanation:
Life insurance proceeds are generally considered to be tax exempt in order to ease the burden on the bereaved which means that Jason does not have to report any gross income from receiving this insurance proceeds.
If Jason does not collect all the proceeds at once however, and leaves some or all of it with the insurance company to accumulate interest, he will have to pay taxes on that interest.
A fire destroyed a large percentage of the financial records of Carter Health System. You have the task of piecing together information to prepare a financial report. You find the profit margin to be 5.4 percent. If sales were $4 million on total assets of $2 million, and the amount of debt financing was $800,000, what was Carter's return on equity (ROE)?
a. 21.6%.
b. 25.8%.
c. 13.8%.
d. 18.0%.
e. 19.2%.
Answer:
d. 18.0%
Explanation:
Calculation to determine what was Carter's return on equity (ROE)?
First step is to calculate the Net income
Net income = sales * profit margin
Net income= 4 million * 5.4%
Net income= 216000
Second step is calculate the Equity
Equity = total assets - debt
Equity= 2000000 - 800000
Equity= 1200000
Now let determine the ROE
ROE = Net income/Equity
ROE= 216000/1200000
ROE= 18%
Therefore Carter's return on equity (ROE) is 18%
Which of the following are the best definitions of the decision variables? – finish time of activity , for – time to be crashed, i.e., saved, for activity ,for – start time of activity , for – time to be crashed, i.e., saved, for activity ,for – finish time of activity , for – start time of activity , for – start time of activity ,for – time finally used by activity i space, for i equals A comma B comma C comma D comma E comma F comma G comma H None of the above.
Answer:
None of the above.
Explanation:
A decision variable is a one that is not know in an optimization problem. The decision variable type is based on underlying optimizer of a model. The variable may decide the out-put.Network externalities: Select one: A. exist when the usefulness of a product increases with the number of consumers who use it B. are created when celebrity endorsements of products lead to a surge in the demand for those products C. can only exist when there are economies of scale D. prevent the dominance of a market by one firm.
Answer:
A. )exist when the usefulness of a product increases with the number of consumers who use it
Explanation:
Network externality can be regarded as a change that occur in benefit as well as in surplus, which is been derived by agent from a good when there is a change in number of other agents that consumes this same type of good. Network externality can as well be regarded as "network effect" this effect is one is that is been had by one user of a good/service on the value of the product with respect to each other people.
It should be noted that Network externalities exist when the usefulness of a product increases with the number of consumers who use it
Preparing a Budgeted Income Statement Oliver Company provided the following information for the coming year: Units produced and sold 160,000 Cost of goods sold per unit $6.30 Selling price $11 Variable selling and administrative expenses per unit $1.10 Fixed selling and administrative expenses $423,000 Tax rate 33 % Required: Prepare a budgeted income statement for Oliver Company for the coming year. Round all income statement amounts to the nearest dollar.
Answer and Explanation:
The preparation of the income statement is presented below:
Sales $1,760,000 (160,000 × $11)
Less: cost of goods sold ($1,008,000) (160,000 × $6.30)
Gross margin $752,000
Less: Variable selling and administrative expenses ($176,000) (160,000 × $1.10)
Less: Fixed selling and administrative expenses ($423,000)
Operating income $153,000
Less: INcome taxes ($50,490)
Net income $102,510
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C) Employment in the service sector has declined in recent years, and this decline is expected to co
D) There has been little change in the number of jobs in the service sector in recent years; however
expected to increase rapidly.
2) According to the box, "Services Expand the Circular Economy," technology is helping turn prod
services by
A) restricting what customers can and cannot buy for personal use.
B) producing items that are designed to reach obsolescence quickly.
C) offering new ways to access items like movies or music and by adding sensors to allow compan
new business models.
D) developing more disposable items.
3) Which of the following organizations is an example of the goods-producing sector of the econon
Samsung Flectronics
I
Answer:
what, what, what did you say
Consumers have broad but somewhat vague stereotypes about specific countries and specific product categories that they judge "best." Which item would most likely not fit in the "best" stereotype scheme?
Answer:
American chocolate
Explanation:
In the field of psychology, a 'stereotype' is defined as a general belief about a certain type or category of people.
The consumers around the world have some different stereotypes about some specific countries and some specific products that they judged to be the 'best'. Such an item which does not fit best in the stereotype scheme is 'American chocolate.'
The American chocolate have a different taste than others. It is tangy and is slightly sour. It is lighter. So some people have a different perception or stereotype for this item.
Thus the answer is 'American chocolate.'
On December 31, 2018, a company had assets of $34 billion and stockholders' equity of $28 billion. That same company had assets of $50 billion and stockholders' equity of $12 billion as of December 31, 2019. During 2019, the company reported total sales revenue of $27 billion and total expenses of $25 billion. What is the company's debt-to-assets ratio on December 31, 2019
Answer:
131.6%
Explanation:
Total assets is $50 billion
Liabilities = 50-stock holder equity which is $12 billion
= 50-12
= $38 billion
Therefore the debt to assets ratio can be calculated as follows
= 50 billion/38 billion
= 1.3157×100
°= 131.6
Hence the debts to assetsrayion is 131.6%
A trust has been established to fund scholarships in perpetuity. The next annual distribution will be $1,200, and future payments will increase by 3 percent per year. What is the value of this trust at a discount rate of 7.4 percent
Answer:
PV= $27,272.73
Explanation:
Giving the following information:
Annual distribution (Cf)= $1,200
Interest rate (i)= 7.4% = 0.074
Growth rate (g)= 3% = 0.03
To calculate the present value (PV) of the fund, we need to use the following formula:
PV= Cf / (i - g)
PV= 1,200 / (0.074 - 0.03)
PV= $27,272.73
what is crypto currency
what is the use of it
what is profit
Answer:
A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. For businesses, profit is the positive financial gain remaining after all costs, taxes, and expenses have been deducted from total sales.
The manufacturing cost of Calico Industries for three months of the year are provided below. Total Cost Production (units) April $119,400 281,300 May 92,000 162,800 June 99,000 238,000 Using the high-low method, the variable cost per unit and the total fixed costs are a.$0.41 per unit and $27,351 b.$4.14 per unit and $5,470 c.$2.30 per unit and $5,470 d.$0.23 per unit and $54,701
Answer:
The correct answer is D.
Explanation:
Giving the following information:
Total Cost Production (units)
April $119,400 281,300
May 92,000 162,800
June 99,000 238,000
To calculate the variable cost per unit and the total fixed cost, we need to use the following formula:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (119,400 - 92,000) / (281,300 - 162,800)
Variable cost per unit= $0.231
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 119,400 - (0.231*281,300)
Fixed costs= $54,701
Which of the following is true regarding the corporate form of ownership?
A. All of these
B. Generally has the greatest ability accumulate capital.
C. Separate legal entity in the eyes of the law.
D. Most complex form of ownership.
Answer:
A. All of these
Explanation:
A corporation can be defined as a corporate organization that has facilities and owns or controls assets used for the production of goods and services in at least one country other than its headquarter (home office) located in its home country.
This ultimately implies that, a corporation is a corporate organization that owns or controls its business in two or more countries. Also, it is a body that comprises of a group of people such as directors, shareholders etc., who act as a single entity.
Generally, a corporate form of ownership is considered to be perpetual in nature.
Corporations can be sold to investors through stocks or shares, as a public entity. Thus, a company that engages in the sales of ownership shares to many investors is referred to as a corporation.
Some examples of multinational firms are Ap-ple, Volkswagen, G-oogle, Shoprite, Nestlé, Accenture, Shell BP, Chevron etc.
On a related note, an owner of a corporation is commonly referred to as a stockholder.
The true statements regarding the corporate form of ownership are;
I. Generally has the greatest ability accumulate capital.
II. Separate legal entity in the eyes of the law.
III. Most complex form of ownership.
Pick the correct statement from below. Multiple Choice Project analysis should only include the cash flows that affect the income statement. A project can create a positive operating cash flow without affecting sales. The depreciation tax shield creates a cash outflow for a project. Interest expense should always be included when analyzing cost-cutting projects. A bid price maximizes profits on a project for the bidding firm.
Answer:
A project can create a positive operating cash flow without affecting sales.
Explanation:
A project cash flow analysis permits to look the cash inflows and cash outflows that are along with the existing or upcoming project. Also it addressed the opportunity cost
So as per the given situation, it involved that project in which it establish the positive operating cash flow without impacting the sales
Therefore as per the given options, the above statement represent an answer
