Answer:
Establishing a formal code of ethics is
growing in popularity.
Explanation:
A code of ethics refers to the established principles designed to help professionals conduct business honestly and with integrity. It sets guidelines for an employee's or a professional's conduct and also determines appropriate penalties for code violations. The establishment of a code of ethics has been growing in popularity since the Sarbanes-Oxley Act of 2002, with some companies organizing training to ensure that their employees learn the rules of proper and ethical conduct early enough. Fresher courses are also organized for updating knowledge of ethical practices.
Establishing a formal code of ethics is growing in popularity. Thus, option D is the correct option.
The defined rules created to assist professionals in conducting business honestly and with integrity are referred to as a code of ethics. It establishes standards for professional or employee behavior and establishes appropriate sanctions for code infractions.
Since the Sarbanes-Oxley Act of 2002, the creation of a code of ethics has gained in popularity, and some businesses have started to hold training sessions to make sure that their staff members are properly educated on these principles from an early age. For the purpose of upgrading understanding of ethical behaviors, newer courses are also organized.
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General Motors, the manufacturing giant's, largest supplier is: a. a legal firm b. a parts supplier c. GMAC Financing d. a trucking company e. Blue Cross-Blue Shield Insurance
Answer: Blue Cross-Blue Shield Insurance
Explanation:
Blue Cross Blue Shield covers insurance services, preventive care and also hospitalization.
General Motors, the manufacturing giant's, largest supplier is Blue Cross-Blue Shield Insurance. Therefore, tye correct option is E.
The Core Principles of Economics — End of Chapter Problem
Jia is considering whether to go out to dinner at a restaurant with her friend. The meal is expected to cost $40, Jia
typically leaves a 20% tip, and an Uber will cost $5 each way. Jia values the restaurant meal at $25. Jia enjoys her friend's
company and is willing to pay $30 just to spend an evening with her. If Jia does not go out to the restaurant, she will eat
at home, using groceries that cost her $8.
a. Calculate Jia's costs associated with going out to dinner with her friend.
$
b. Calculate Jia's benefits associated with going out to dinner with her friend.
S
Answer:
Cost/58
Benifots /63
Explanation:
She should go out to eat with friend
A significant advantage of the payback period is that it Group of answer choices tends to reduce firm risk because it favors projects that generate early, less uncertain returns. places emphasis on time value of money. allows for the proper ranking of projects.
Answer:
tends to reduce firm risk because it favors projects that generate
Explanation:
Payback period as well as capital budgeting is concerned can be regarded as the required time that the funds that was expended on a particular investment is been recouped. It could also be the time to get to break-even point. Instance of this is $1200 investment which was invested at the beginning of 1st year which give a return of $400 towards the end of 1st year as well as 2nd year can be regarded to have two years of payback period. It should be noted that the A significant advantage of the payback period is that it tends to reduce firm risk because it favors projects that generate
Which is the best definition of a wireless network?
A.
A wireless network is a private website.
B.
A wireless network connects computers and devices without cords or cables.
C.
A wireless network connects computers using Ethernet cables.
D.
A wireless network connects computers to smartphones.
Answer:
A wireless network connects computers and devices without cords or cables.
Explanation:
A wireless network is internet without any cords
Indicate the section operating activities,investing activities,financing activities,or none in which each of the following would be reported on the statement of cash flows prepared by the indirect method: a gain on sale of fixed assets b net income c retirement of long-term debt d sale of capital stock e distribution of stock dividends f payment of cash dividends g purchase of fixed assets h sale of fixed assets i receipt of interest revenue j Payment of interest expense
Answer and Explanation:
The indication of the following transactions for the cash flow statement is given below:
a. Operating activities
b. Operating activities
c. Financing activities
d. Financing activities
e. None
f. Financing activities
g. Investing activities
h. Investing activities
i. Operating activities
j. OPerating activities
he financial statements of Walgreen Co. reported the following information (in millions): Year 2 Year 1 Cost of sales $51,098 $51,291 Inventories, net 6,852 7,036 The average inventory days outstanding in year 2 is:
Answer:
50.1
Explanation:
The average inventory days outstanding in year 2
= Net / Cost of sales × 365
Given that;
Net = 7,036
Cost of sales = 51,291
Average inventory days outstanding in year 2
= 7,036 / 51,291
= 50.1
Suppose a commerical bank is subject to a 14 percent reserve requirement. The bank currently has $23,000 in checkable deposits and $11,000 in outstanding loans. What is the whole dollar amount of additional loans the bank may loan out. (If the bank is short on reserves enter your number as a negative number).
Answer:
$8,780
Explanation:
Checkable deposits = $23,000
Reserve ratio = 14%
Required reserves = $23,000*14% = $3,220
Outstanding loans = $11,000
So, the additional loans that a bank may loan out is $8,780 ($23,000 - $3,220 - $11,000).
You should change your voicemail message if you are out of the office.
True or false
Answer:
true
Explanation:
i just answered the question
Ally wishes to leave a provision in her will that $11,748 will be paid annually in perpetuity to a local charity. How much must she provide in her will for this perpetuity if the interest rate is 4%
Answer:
$293,700
Explanation:
The computation of the amount provided is shown below:
= Annual target ÷ Rate of Interest
= $11,748 ÷ 0.04
= $293,700
By dividing the annual target from the rate of interest we can determine the investment that should be provided for this given perpetuity
Suppose that you manage a risky portfolio with an expected rate of return of 17% and a standard deviation of 27%. The T-bill rate is 7%. Your client chooses to invest 70% of a portfolio in your fund and 30% in the T-bills. Suppose the same client in the previous problem decides to invest in your risky portfolio a proportion (y) of his total investment budget so that his overall portfolio will have an expected rate of return of 15%. What is the proportion y
Answer:
Proportion y = 80%
Explanation:
E(rc) - r(f) = y[E(rp) - r(f)]. Where E(rc) - r(f) is Risk premium of clients overall portfolio and y[E(rp) - r(f)] is Risk premium of clients risky portfolio
0.15 - 0.07 = y[0.17 - 0.07]
0.08 = y(0.10)
y = 0.08/0.10
y = 0.80
y = 80%
So, the proportion of risky portfolio(y) is 80%. So, to achieve overall return of 15% on portfolio, investors needs to invest 80% investment in risky portfolio.
A car dealership can offer a $36,000 car under a special promotion with four years financing at 0%, or can offer a discount off the price of the vehicle if the buyer finances the sale at 0.5% monthly over the four years. What discount off the purchase price results in the buyer making the identical monthly payment under either purchase option
Answer:
$4,064.76
Explanation:
According to the scenario, computation of the given data are as follows,
If car financing at 0%, then
Car price = $36,000
Time period = 48 months
So, Monthly payment = $36,000 ÷ 48 = $750
If financing at regular rate then,
Monthly interest rate = 0.5%
Time period = 48 months
Monthly payment , if we consider the same payment = $750
By using excel formula, [=PV(BY8,BY9,-BY10)]
Discount = $4,064.76
An organization’s _____ is its general purpose or reason for existence
Answer:
cells?
Explanation:
Dubas Co. is a U.S.-based MNC that has a subsidiary in Germany and another subsidiary in Greece. Both subsidiaries frequently remit their earnings back to the parent company. The German subsidiary generated a net outflow of €2,000,000 this year, while the Greek subsidiary generated a net inflow of €1,500,000. What is the net inflow or outflow as measured in U.S. dollars this year? The exchange rate for the euro is $1.05. Group of answer choices $525,000 outflow $3,675,000 outflow $210,000 outflow $525,000 inflow
Answer:
$525,000 outflow
Explanation:
The German subsidiary had a net ouflow of €2,000,000
The Greek subsidiary had a net inflow of €1,500,000.
In other words, the U.S-based multinational would record an outflow because the net ouflow shown above is more than the net inflow.
Net ouflow=net ouflow-net inflow
Net ouflow= €2,000,000-€1,500,000.
net ouflow=€500,000.
Lastly, we convert the ouflow into dollars using the below exchange rate
€1=$1.05
€500,000 in dollars=€500,000*$1.05/1€
€500,000 in dollars=$525,000
Listed in random order are the items to be included in the balance sheet of Rocky Mountain Lodge at December 31, year 1.
Equipment $47,040 Buildings $600,000
Land 510,000 Capital stock 162,000
Accounts payable 65,760 Cash 37,680
Accounts receivable 12,720 Furnishings 70,440
Salaries payable 40,200 Snowmobiles 18,480
Interest payable 14,400 Notes payable 744,000
Retained earnings ?
Required:
a. Prepare a balance sheet at December 31, 2011.
b. Assume that no payment is due on the notes payable until 2013. Does this balance sheet indicate that the company is in a strong financial position as of December 31, 2011? Explain briefly.
Answer:
Rocky Mountain Lodge
a) Balance Sheet
At December 31, Year 1:
Assets:
Current Assets:
Cash 37,680
Accounts receivable 12,720
Current assets $50,400
Long-term Assets:
Furnishings 70,440
Snowmobiles 18,480
Equipment 47,040
Buildings 600,000
Land 510,000
Long-term assets 1,245,960
Total $1,296,360
Liabilities and Equity:
Liabilities
Current Liabilities:
Accounts payable 65,760
Salaries payable 40,200
Interest payable 14,400
Current liabilities $120,360
Long-term liabilities
Notes payable 744,000
Total liabilities $864,360
Equity:
Capital stock 162,000
Retained earnings 270,000
Total equity 432,000
Total $1,296,360
b) The company is not in a strong financial position as of December 31, 2011.
c) Its current assets cannot settle its current liabilities. There is doubt if the company will be able to settle the long-term notes payable at the level of its current operations because the basis does not exist. It will still require funds to finance operations, as most of the investments are made in long-term assets (especially land and building).
Explanation:
a) Data and Calculations:
Cash 37,680
Accounts receivable 12,720
Furnishings 70,440
Snowmobiles 18,480
Equipment 47,040
Buildings 600,000
Land 510,000
Total $1,296,360
Accounts payable 65,760
Salaries payable 40,200
Interest payable 14,400
Notes payable 744,000
Capital stock 162,000
Retained earnings 270,000
Total $1,296,360
Which situation best illustrates an effect of the law of supply
You work for a company that manufactures electric lawn mowers. The mowers work when the user plugs an extension cord into the outlet and into the machine. In order to start the machine, the user must pull a lever and hold it while pushing a button. You believe that your mower is extremely safe. It contains several warnings about using it only on grass, that it is not to be used to shred tree branches or other wood products, and that it is not to be used without the bag attachment for catching the grass that is thrown out the back. A customer sues your company after being hurt when he used the electric lawn mower during a rainstorm. Discuss whether or not your company should have included a warning label to address use of the electric lawn mower in the rain.
Answer: See explanation
Explanation:
Yes. I believe that my company should have included a warning label to address use of the electric lawn mower in the rain.
Since the warning wasn't put there, the customers will believe it is safe to use in the rain that which was exactly what happened in this case. It is the right of the manufacturer to make sure that it's product are safe to use.
On May 20, White Repan Service extended an offer of $108,000 for land that had been priced for sale at $140,000 On May 30 White Repair Service accepted the sellers counteroffer
of $115.000. On June 20. the land was assessed at a value of $95 000 for property tax purposes On July 4 White Repair Service was offered S150.000 for the land by a national retail
chain At what value should the land be recorded in White Repair Service's records?
Answer:
$115.000.
Explanation:
As per the guidelines of the generally accepted accounting principles, assets should be recorded at their acquisition price. The value to be recorded is the price paid for the asset.
For White Repan Service, the amount they paid for the land was the counteroffer from the seller. White Repan Service paid $105,000 for the land. The value to be recorded should be $105,000.
Which term refers to placing a load on the system or application to see where the performance and usability breakpoints exist
Answer:
Stress testing
Explanation:
Stress testing involves putting a system or application through extreme operating conditions to observe the breaking point of the system.
It is used to ascertain how stable and reliable a software program is.
The aim is to determine if the application will perform below optimal or crash during extreme operating situations.
The steps for stress testing are:
- Stress test planning
- Automation scripts are created
- Script execution
- Result analysis
- Optimisation of the application
What is Accounting and bookkeeping
Answer:
Book keppening is the recording of finance transaction, and is part of the process of accounting in business
The process or work of keeping financial record is called accounting
ECONOMICS
Question 3 of 10
Which fiscal policy would most likely result in the largest budget deficit?
A. Low taxation and low spending
B. Low taxation and high spending
C. High taxation and low spending
D. High taxation and high spending
Low taxation and high spending are the fiscal policies that are most likely to result in the highest budget deficit.
So, option B. is correct.
What is fiscal policy?The employment of government spending and taxation to impact the economy is known as fiscal policy. Fiscal policy is often used by governments to foster robust and sustained growth while also reducing poverty.
This is in contrast to monetary policy, which is implemented by central banks or other monetary authorities.
Low taxation and high spending are the fiscal policies that are most likely to result in the highest budget deficit.
So, option B. is correct.
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PrintItem 1 Carter Pearson is a partner in Event Promoters. His beginning partnership capital balance for the current year is $55,000, and his ending partnership capital balance for the current year is $62,000. His share of this year's partnership income was $6,250. What is his partner return on equity
Answer: 10.68%
Explanation:
The partner return on equity will be calculated by using the formula given as:
= (Partner Net income/Average Partner equity) × 100
The Partner’s Net income is $6250
Average partner equity = (Opening partner equity + Closing partner equity) × 100
= ($55,000 + $62,000) / 2
= $117,000 / 2
= $58500
The Partner return on equity will then be:
= 6250 / 58500 × 100.
= 10.68%
Drag each tile to the correct box.
Create the sequence showing the procedure followed by the accountant to record the company’s transactions.
example answer: ACEBD or CDBAE
Answer:
Match the invoice with the PO.
Record the transaction in the system.
Post the transaction to a ledger
Generate unadjusted Trial balance
Prepare adjusted Trial Balance.
Issue Financial statements
Closing entries
Post closing Trial balance.
Explanation:
The accounting procedure is followed to record any transaction of the business. The transaction are recorded in the system and then these transactions are posted into ledger which forms the trial balance and then financial statements are prepared.
You use $50,000 of your own money to start a catering business. During the first year you earn a 5% return on that investment. If the current interest rate is 8%, you earn an economic profit of
Answer:
-$1,500
Explanation:
Calculation for the economic profit earn
Using this formula
Economic profit =Investment amount ×(Return on investment-Current interest rate)
Let plug in the formula
Economic profit =$50,000×(0.05 - 0.08)
Economic profit =$50,000×(-0.03)
Economic profit = -$1,500
Therefore you earn an economic profit of -$1,500
Exhibit 34-5 Country 1 Country 2 Good A Good B Good A Good B 100 0 75 0 80 10 60 30 60 20 45 60 40 30 30 90 20 40 15 120 0 50 0 150 Refer to Exhibit 34-5. The opportunity cost of one unit of good B is __________ for country 1 and __________ for country 2. Group of answer choices 20A; 15A 1/20A; 1/15A 10A; 15A 1/2A; 1A 2A; 1/2A
Answer:
2A; 1/2A
Explanation:
Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives.
To determine opportunity cost, add the total amount of good A and B produced by each country
Total quantity of good A produced by country 1 = 300
Total quantity of good b produced by country 1 = 150
opportunity cost of producing good B = 300A/ 150 = 2A
Total quantity of good A produced by country 2 = 225
Total quantity of good b produced by country 2 = 450
opportunity cost of producing good B = 225 / 450 = 0.5A
Taylor Company leased an asset from Lease Corp. using an operating lease for equipment with a useful life of seven years. The initial lease term was for three years. After two years, Taylor Company and Lease Corp. agree to extend the lease term by three years, and to change the amount of lease payments. The additional three years were not originally an option. How should Taylor address this lease modification
Answer:
update the right-of-use asset for the increase in present value
reclassify from an operating lease to a finance lease
Explanation:
In the given instance there is a modification to the lease contract after 2 years of the 3 year lease.
Taylor Company and Lease Corp. agree to extend the lease term by three years, and to change the amount of lease payments.
Financial lease is one that confers a form of ownership of the lessee. He does not only have operational control of the equipment but also bears gains or loss from change in the value of the asset.
The new lease agreement covers most of the useful life of the equipment so it confers some degree of ownership to Taylor company. There is a need to reclassify the lease as a financial lease.
The present value of the asset has also increased has also increased so the right of use should be upgraded
Indicate whether the following items would appear on the income statement, balance sheet, or retained earnings statement. (a) Notes payable select an option (b) Advertising expense select an option (c) Common stock select an option (d) Cash select an option (e) Service revenue
Answer:
income statement
Service revenue
Advertising expense
balance sheet
Notes payable
Common stock
Cash
retained earnings statement.
Nill
Explanation:
The Income Statement records Incomes and Expenses. It is used to calculate the Profit earned during the reporting period.
The Balance sheet records Assets, Liabilities and Owners Equity. The Balance Sheet uses Accounting equation : Assets = Liabilities + Owners Equity.
The Retained Earnings records the Opening and Closing Retained Earnings Balances, Profit for the Year and Dividends Paid. It is used to determine the Balance at the end of the year in Profits attributable to Owners
A bond currently sells for $1,050, which gives it a yield to maturity of 6%. Suppose that if the yield increases by 25 basis points, the price of the bond falls to $1,025. What is the modified duration of this bond? (Do not round intermediate calculations. Round your answer to 4 decimal places.)
Duration years
Answer:
9.52 years
Explanation:
Calculation for the modified duration of this bond
First step is to calculate the Percentage decrease in Price of Bond
Percentage decrease in Price of Bond =($1,025-$1,050)/$1,050
Percentage decrease in Price of Bond=-2.3810%
Second step is to calculate the Percentage change in price
Using this formula
Percentage change in price =-Modified Duration*Change in YTM
Let plug in the formula
-2.3810% =-Modified Duration*0.25%
Modified Duration =2.3810%/0.25%
Modified Duration =9.52 years
Therefore the modified duration of this bond is 9.52 years
Use the following data to determine the total dollar amount of assets to be
classified as property, plant, and equipment.
Koonce Office Supplies
Balance Sheet
December 31, 2014
Accounts payable
Salaries and wages payable
Mortgage payable
Total liabilities
$ 140,000
20,000
160,000
$320,000
Cash
$ 130,000
Accounts receivable
100,000
Inventory
110,000
Prepaid insurance
60,000
Stock investments
170,000
Land
180,000
Buildings
$210,000
Less: Accumulated
depreciation (40,000.) 170,000
Trademarks
140,000
Total assets
$1,060,000
Common stock
Retained earnings
Total stockholders' equity
Total liabilities and
stockholders' equity
$240,000
500,000
$740.000
$1,060,000
Answer:
=$350,000
Explanation:
Property, plant, and equipment are the tangible long-term fixed assets of a company. The total of PPE is the sum of all fixed long term assets minus accumulated depreciation.
There are fixed assets hence will appear on the asset side of the balance sheet. For Koonce Office Supplies, PPE will include
Land : $180,000
Buildings: $210,000
Total = $180,000 + $210,000
Total = $390,000
less accumulated depreciation
=$390,000 -$40,000
=$350,000
Since the FICA tax is split equally between employers and employees, we can conclude that the incidence of this tax is also equally shared. a. True b. False
Answer:
Since the FICA tax is split equally between employers and employees, we can conclude that the incidence of this tax is also equally shared.
a. True
Explanation:
The incidence of the FICA tax refers to the extent to which an individual employee or the employing organization suffers from the imposition of the FICA tax. In the final analysis, the incidence may not be borne by the organization but consumers of its goods and services, depending on the elasticity of demand. Employers and employees usually split the FICA tax equally. The FICA (Federal Insurance Contribution Act) refers to the federally mandated tax for Social Security and Medicare.
The statement that "Since the FICA tax is split equally between employers and employees, we can conclude that the incidence of this tax is also equally shared" is True.
What is FICA tax?FICA tax can be regarded as U.S. federal payroll tax.
Therefore, Federal Insurance Contributions Act is been removed from each paycheck and split equally between employers and employees.
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A student has a job that leaves her with $300 per month in disposable income. She decides that she will use the money to buy a car. Before looking for a car, she arranges a 100% loan whose terms are $300 per month for 48 months at 9% nominal annual interest. What is the maximum car purchase price that she can afford with her loan
Answer:
$12,055.44
Explanation:
The computation of the maximum car purchase price that can afford the loan is as follows:
But before that following calculations must be done:
The Monthly interest rate is
= 9% ÷ 12
= 0.75%
The Maximum price ($) is
= $300 × PVIFA(0.75%, 48)
= $300 × 40.1848
= $12,055.44
