Answer:
8.6 days
Explanation:
The formula for average collection period
= Average received turnover ratio / 365 daya
= 90 × 35 / 365
= 8.6 days
1. Suppose the Glucometer company is to sell the machine only to hospitals, and the company will maintain the Glucometer machine for the hospital for the first four years. A hospital, on an average, will use the machine 80 times a day, 300 days in a year. If this is the case, then suggest a price that the company should charge hospitals and justify your answer. What is the basis of your recommendation
Answer:
Note: The full question is attached as picture below
Glucometer company's Total cost can be calculated as $3000 + $500*4 = $5000
Also we can find the customers served in four years of visit = 80*300*4 = 96,000 customers
Also, by estimating that each customer pays $1 for utilizing the machine, the hospitals can make an estimated revenue of $96000.
=> Anything below the range of $96,000 will be an advantage for the hospitals and anything to the rise of $5,000 will be an advantage for the Glucometer Company.
Thus the price of these machines should be decided between the ranges to collate on the revenue goals of the Glucometer Organization.
Alonzo deposited into an account with a annual interest rate, compounded monthly. Assuming that no withdrawals are made, how long will it take for the investment to grow to
Answer:
5.42 years
Explanation:
The computation of the number of years is as follows:
As we know that
Future value = Present value × (1 + rate of interest)^number of years
Here we assume the number of years be n
$7,160 = $4,000 × (1 + 0.108 ÷ 12)^12n
$7,160 ÷ $4,000 = (1 + 0.108 ÷ 12)^12n
$7,160 ÷ $4,000 = (1.009)^12n
Now take the log to the both sides
log $7,160 ÷ $4,000 = log (1.009)^12n
log $716 ÷ $400 = 12 t log 1.009
t = log ($716 ÷ $400) ÷ 12 t log 1.009
= 5.42 years
Which of the following is an example of the law of demand at work?
O A. The price of pizza falls when demand for pizza falls.
O B. The price of pizza goes up when the price of cheese goes up.
O C. Demand for pizza rises when the price of pizza falls.
O D. Demand for pizza goes down when tacos become more popular.
Answer:
O C. Demand for pizza rises when the price of pizza falls.
Explanation:
In the law of demand, the demand for a product and the price move in opposites directions. As the prices for a good or service increases, the demand falls. Therefore, the demand for a product is inversely related to its price.
An increase in the demand for pizza due to a fall in its prices is a perfect illustration of the law of demand. An increase or decrease in prices causes the demand to move in the opposite direction.
A perpetuity will pay $900 per year, starting five years after the perpetuity is purchased. What is the present value (PV) of this perpetuity on the date that it is purchased, given that the interest rate is 11%
Before you move forward, summarize the changes you will need to make to your new budget.
Describe these changes in at least two sentences
Answer:
The effect of price change in the raw material needs to be adjusted.
The one off event which is penalty due to custom clearance delay needs to incorporated.
Explanation:
The budget is the initial planning of the cash flows of the company. The budget is made on forecasted figures. The one off events which is penalty fee of custom needs to be adjusted. The inflation effect in the prices of raw material is adjusted before the finalized budget is presented to the management.
Answer:
Sample Response: I need to change my budget so that I save at least $300 per month. Over twelve months, this will increase my savings by $3,600. I also need to change my budget to save for a new computer, so I need to save an extra $100 a month for that. In total, I need to save $400 a month.
Explanation:
sample on edg 2021
True or False: When both the demand and supply curves shift, you can always determine the effect on price and quantity without knowing the magnitude of the shifts.
Answer:
False
Explanation:
A shift in the demand curve is caused by :
A change in consumers income, taste changes in seasonA shift can either be outward or inward. It is inward when demand decreases and outward when demand increases.
The magnitude of change needs to be determined to determine the effect on price and quantity . An outward shift would have a different effect from an inward shift
An economy begins in long-run equilibrium, and then a change in government regulations allows banks to start paying interest on checking accounts. Recall that the money supply is the sum of currency and demand deposits, including checking accounts, so this regulatory change makes holding money more attractive. Question 1: How does this change affect the demand for money
Answer: Demand for money will Increase
Explanation:
As banks are paying interest on checking accounts, these accounts will become more attractive, people will want to take advantage of this and so they will demand more money.
This will enable them to deposit in checking accounts where they can earn the interest the banks are paying.
The Sisyphean Company has a bond outstanding with a face value of $1000 that reaches maturity in 15 years. The bond certificate indicates that the stated coupon rate for this bond is 8% and that the coupon payments are to be made semiannually. How much will each semiannual coupon payment be
Answer:
$40
Explanation:
Face value= $1,000
Time = 15*2= 30 semi-annual periods
Coupon rate = 8%/2= 4%
The semi-annual coupon payment = Semi-annual coupon Rate*Face value
The semi-annual coupon payment = 0.04*1,000
The semi-annual coupon payment = $40.
Which of the following are arguments that are given to support trade barriers?
A. To increase exports.
B. Foreign firms can pay lower wages.
C. To increase employment domestically.
D. To increase employment abroad.
E. To prevent dumping.
Answer:
E To prevent dumping
Explanation:
There are several arguments that are given to support trade barriers; one of which is to prevent dumping. A country would place embargo on imports with respect to some of the goods that are produced in her country. This is to enable and encourage local production of such goods. Where a country permits importation of goods that are produced locally, such action could being down the efforts of local production ; hence local industries might not thrive in terms of production.
Also, placing embargo on the importation of goods that are produced locally in a country would take away the possibility of making the country for dumping ground in terms of goods that are not up to standard, produced in a foreign country and same would have been imported.
A benchmark market value index is comprised of three stocks. Yesterday the three stocks were priced at $20, $28, and $65. The number of outstanding shares for each is 660,000 shares, 560,000 shares, and 260,000 shares, respectively. If the stock prices changed to $24, $26, and $67 today respectively, what is the 1-day rate of return on the index? multiple choice 7.08% 3.32% 4.46% 5.26%
Answer:
4.46%
Explanation:
The computation of the one day rate of return on the index is as follows;
Return = (Index Value Today - Index Value Yesterday) ÷ Index Value Yesterday
where,
Index Value Yesterday is
= ($20 × 660,000 + $28 × 560,000 + $65 × 260,000)
= $13,200,000 + $15,680,000 + $16,900,000
= $45,780,000
And,
Index Value Today is
= ($24 × 660,000 + $26 × 560,000 + $67 × 260,000)
= $15,840,000 + $14,560,000 + $17,420,000
= $47,820,000
Now the return is
= ($47,820,000 - $45,780,000) ÷ ($45,780,000)
= 4.46%
Cubie Corporation has provided the following data concerning its only product: Selling price$97per unit Current sales 10,300units Break-even sales 8,961units What is the margin of safety in dollars
Answer:
the margin of safety in dollars is $129,883
Explanation:
The computation of the margin of safety in dollars is given below:
= (Current sales units - break even sales units) × selling price per unit
= (10,300 units - 8,961 units) × $97 per unit
= 1,339 units × $97 per unit
= $129,883
Hence, the margin of safety in dollars is $129,883
Consider the following 4 bonds A B C D:(a) What is the percentage change in the price of each bond if its yields to maturity falls from 6% to 5%
Answer:
Answer is explained and solved in the explanation section below.
Explanation:
Note: This question is not complete and lacks necessary data to solve. But I have found a similar question on internet and will be using its's data to solve this question for the sake of concept and understanding.
Data Missing:
Bonds Coupon Rates Maturity
A 0% 15 years
B 0% 10 years
C 4% 15 years
D 8% 10 years
Par Value = $1000
Required = % age change in price of bonds, if yields to maturity falls from 6% to 5%.
New YTM = 5%
Old YTM = 6%
For Bond A:
Formula for Old Price = PV(6%, maturity, -annual coupon, -1000)
You need to put this function into Microsoft Excel to solve for old price.
Annual coupon formula = $1000 x coupon rate.
So,
We have,
Maturity = 15 years
Annual Coupon = $1000 x 0% = 0
Old price = PV(6%, maturity, -annual coupon, -1000)
Old price = PV(6%, 15, 0, -1000)
Old Price = $417.27
Now, for new price:
Formula for New Price = PV(5%, maturity, -annual coupon, -1000)
New Price = PV(5%, maturity, -annual coupon, -1000)
New Price = PV(5%, 15, 0, -1000)
New Price = $481.02
Now, we need to find the %age change of bond A.
%age change = (New Price - Old Price) divided by Old Price x 100
%age change = ( $481.02 - $417.27) / ($417.27) x 100
%age change = 15.28%
For bond B:
Old Price = PV(6%, maturity, -annual coupon, -1000)
Maturity = 10 years
Annual Coupon = $1000 x 0% = 0
Old Price = PV(6%, 10, 0, -1000)
Old Price = $558.39
For New Price:
New Price = PV(5%, maturity, -annual coupon, -1000)
New Price = PV(5%, 10, 0, -1000)
New Price = $613.91
%age change = (New Price - Old Price) divided by Old Price x 100
%age change = ( $613.91 - $558.39) / ($558.39) x 100
%age change = 9.94%
For Bond C:
Old Price = PV(6%, maturity, -annual coupon, -1000)
Maturity = 15 years
Annual Coupon = $1000 x 4% = 40
Old Price = PV(6%, 15, -40, -1000)
Old Price = $805.76
New Price = PV(5%, maturity, -annual coupon, -1000)
New Price = PV(5%, 15, -40, -1000)
New Price = $896.20
%age change = (New Price - Old Price) divided by Old Price x 100
%age change = ( $896.20 - $804.76) / ($805.76) x 100
%age change = 11.23%
For Bond D:
Old Price = PV(6%, maturity, -annual coupon, -1000)
Maturity = 10 years
Annual Coupon = $1000 x 8% = 80
Old Price = PV(6%, 10, -80, -1000)
Old Price = $1,147.20
New Price = PV(5%, maturity, -annual coupon, -1000)
New Price = PV(5%, 10, -80, -1000)
New Price = $1,231.65
%age change = (New Price - Old Price) divided by Old Price x 100
%age change = ( $1231.65 - $1147.20) / ($1147.20) x 100
%age change = 7.36%
Hence,
% age change of A = 15.28%
% age change of B = 9.94%
% age change of C = 11.23%
% age change of D = 7.36%
OSHA can help a business avoid this type of risk
Answer
compliance risk
Explanation:
What task can the Accounts Receivable (AR) Department engage in to verify that all customers' checks have been appropriately deposited and recorded
Answer:
It is the duty of Account receivable department to verify the receipts against the payment. The receivable department is responsible for the cash collection process of the company.
Explanation:
It is the receivable department whom there is huge responsibility of cash collection with which business operations are run. If there is delay in cash collection then business operation cycle will be disturbed. To maintain the efficient operating cycle of the business, the receivable should make age receivable analysis to identify the receipts due.
Over the period of a year, Julie's net worth decreased. Which of the following could be true?
a) Julie's assets and liabilities decreased by the same amount.
b) Julie's assets and liabilities increased by the same amount.
C) Julie's assets increased by more than her liabilities,
d) Julie's assets decreased by more than her liabilities.
Answer:
D
Explanation:
D. Julie’s assets decreased by more than her liabilities.
edge 2021
Congratulations! You now have a child! (Also, you have a dependent.) What is your tax liability if you file jointly now? Identify how this changes your calculations.
Answer:
Having a child and filing jointly will affect the amount Tax payable because up to $300 will be removed from Tax payable for every dependent ( child ) a a joint filer has
Explanation:
Tax liability if you file jointly now ranges from $600 to $1200 but if you file as an individual your Tax liability will range from $300 to $600. A joint Taxpayer may get up to $300 per child
The amount of money back a Joint filer might get for a child ( as with the new child ) will depend on the gross income and the amount of Tax liability the joint filer have. therefore having a child and filing jointly will affect the amount Tax payable because up to $300 will be removed from Tax payable for every dependent ( child ) a a joint filer has .
Since we now have a child and filing jointly, this will affect the amount of tax payable because an amount up to $300 will be removed from Tax payable for every dependent (child) that a joint filer has.
Basically, the filing status determines the amount and extent of tax liability that a person or couple will pay.
A singles or married couple enjoys certain benefit of reduction on tax payment once they have a child because they are seen as dependent.
If file jointly ranges from $600 to $1200 but file as an individual, your Tax liability will range from $300 to $600 so, the jointly taxpayer may get up to $300 per child.
In conclusion, Since we now have a child and filing jointly, this will affect the amount of tax payable because an amount up to $300 will be removed from Tax payable for every dependent (child) that a joint filer has.
Read more about filing status
brainly.com/question/8187890
Jones Mfg. has current assets of $26,900, net working capital of $8,200, long-term debt of $21,500, and total equity of $57,800. What is the equity multiplier?
Answer:
A
Explanation:
Jones Mfg. has current assets of $26,900, net working capital of $8,200, long-term debt of $21,500, and total equity of $57,800. What is the equity multiplier?
The AUD/$ spot exchange rate is AUD1.60/$ and the SF/$ is SF1.25/$. The AUD/SF cross exchange rate is _____. Group of answer choices 1.2800 2.0000 0.7813 0.3500
Answer:
a. $1.2800
Explanation:
The AUD/SF cross exchange rate is as computed below:
==> AUD/$ ÷ SF/$
==> $1.60 / $1.25
==> $1.2800
So, the AUD/SF cross exchange rate is $1.2800
12. When computer professionals take on jobs, they may not enter into relationships with which of the
following?
a) emplover
b) government
c) client
d) society
13. Which of the following does not come under the category of strongly differentiated profession?
a) doctor
b) engineer
c) policeman d) computing professional
14. Which of the following is not a characteristics of profession?
a) knowledge b) code of ethics
c) autonomy
d) happiness
15. Which of the following is a mutual right duty of employer and employee?
a) Fair wage paid promptly
b) Work well done
c) Respect for company reputation d) Honesty of contrast.
Please need help
Answer:
12. When computer professionals take on jobs, they may not enter into relationships with the:
d) society
13. This does not come under the category of strongly differentiated profession:
c) policeman
14. This is not a characteristics of a profession:
d) happiness
15. This is a mutual right duty of employer and employee:
b) Work well done
Explanation:
There is no obvious relationship between a computer professional and the society. While the computing profession is differentiated like a doctor's and an engineer's, the profession of a policeman is not so differentiated. Any of these professionals can also work as policeman. Every profession is known for its specific knowledge, code of ethics, and autonomy, among other characteristics.
determine and describe ten best practices for managers competing in the global environment, challenged with diversity, global economics, and social responsibility. Support your best practices with Internet research and your personal experience.
The correct answer to this open question is the following.
For me, the ten best practices for managers competing in the global environment, challenged with diversity, global economics, and social responsibility would be the following, in no particular order.
1.- Understanding the global world.
The world is no separated by frontiers. Globalization is here to stay. Trade is the best example.
2.- Solid leadership.
Managers have to turn into leaders to be able to teach, coach, and direct the organization.
3.- Cultural Diversity.
Different people's backgrounds will enrich the company and its processes.
4.- Support and engage employees.
The leader has to be backed by loyal and committed employees to confront difficult issues.
5.- Embrace change.
Change is the constant in a global world. Accept it and take the initiative.
6.- Reward and motivate employees.
If players believe in the leader, they are going to believe in the system. As simple as that.
7.- Create an international team.
Bring the foreign experts to your company. They have different approaches and perspectives.
8.- Innovation.
Invest in research and development. Innovation has many advantages.
9.- Accept the benefits of technology.
The digital world has changed the way to do business in the world.
10.- Constantly Travel.
Travel to learn how people live in your different markets. What they like and dislike, how they think, what can capture their attention.
During 2021, Sheffield Corp. had the following activities related to its financial operations: Carrying value of convertible preferred stock in Sheffield, converted into common shares of Sheffield $ 543000 Payment in 2021 of cash dividend declared in 2020 to preferred shareholders 281000 Payment for the early retirement of long-term bonds payable (carrying amount $3932000) 3977000 Proceeds from the sale of treasury stock (on books at cost of $394000) 457000 The amount of net cash used in financing activities to appear in Sheffield's statement of cash flows for 2021 should be $2977000. $3801000. $3819000. $3258000.
Answer: $3801000
Explanation:
The amount of net cash used in financing activities to appear in Sheffield's statement of cash flows for 2021 would be calculated as:
= 281000 + 3977000 - 457000
= 3801000
Therefore, the answer is $3801000.
On July 1, 20X3, Roxy Co. obtained fire insurance for a three-year period at an annual premium of $72,000 payable on July 1 of each year. The first premium payment was made July 1, 20X3. On October 1, 20X3, Roxy paid $24,000 for real estate taxes to cover the period ending September 30, 20X4. This prepayment was made to obtain a discount. In its December 31, 20X3, Balance Sheet, Roxy should report prepaid expenses of:
Answer:
$54,000
Explanation:
Calculation for What Roxy should report prepaid expenses In its December 31, 20X3, Balance Sheet,
Fire insurance premium (Unexpired) $36,000
($72,000*1/2)
Add Real estate tax prepayment (Unexpired) $18,000
($24,000*9/12)
December 31, 20X3 Prepaid expenses $54,000
($36,000+$18,000)
Therefore In its December 31, 20X3, Balance Sheet, Roxy should report prepaid expenses of:$54,000
Because of threats and risks in the global environment, some firms choose to take a more cautious approach by
Answer: (C) focusing on global niche markets.
Explanation:
Even though there are many risks involved in going into the global environment, the opportunities for growth are so immense that the risks should be taken and then managed so that losses do not occur.
One way to do this is to focus on global niche markets. The company can focus on certain parts of the global market alone where their product would sell healthily as well as where they would face the lowest risk.
This is why a lot of companies expand to developed countries where they can charge higher and the law protects their interests.
What is defined as the likelihood of disruption that would impact the ability of a company to continuously supply products or services
Answer:
Supply chain risk
Explanation:
The term supply chain risk is when a company is likely not able to meet up with its supply of goods or products as a result of likelihood of disruptions which would affect such supply.
Ideally, a company should be able to classify risk that can affect her supply chain into internal and external risks.
Internal risk such as mitigation risk and contingency risk , business risk, cultural risk, manufacturing risk etc are those risk which are within the control of a company or an organization, hence provide an avenue for mitigation since they are within the control of the business.
External risk such as supply risk, environmental risk, physical plant risk, demand risk etc are those risk outside the control of a business , hence are driven by the events in the supply chain.
An organization would therefore institute what is called supply chain risk management. The purpose is to take necessary step to mitigate, assess or control the risk inherent in an organization's supply chain.
Using the fixed-time-period inventory model, and given an average daily demand of 75 units, 10 days between inventory reviews, 2 days for lead time, 50 units of inventory on hand, a service probability of 95 percent, and a standard deviation of demand over the review and lead time of 8 units, which of the following is the order quantity?
a. 863
b. 948
c. 1,044
d. 1,178
e. 4,510
Answer:
a. 863
Explanation:
Calculation for the order quantity
Order quantity = 75 x (10 + 2) + (1.64 x 8) - 50
Order quantity = (75 x 12) + (1.64 x 8) - 50
Order quantity= 900 + 13.12 - 50
Order quantity= 863.12
Order quantity = 863
Therefore the Order quantity will be 863
Consider a $1200 investment for a new plant that is expected to have a Residual Value of $200 in five years. What is the Salvage Value at the end of year 5 if the following depreciation plan will be used
Answer:
$173
Explanation:
The computation of the salvage value at the end of year 5 is given below:
Cost of the asset $1,200
Multiply with the depreciation rate 5.76%
Book value at the 5 year end = $69
Resale value $200
gain on sales $131
Multiply with the Capital gain 21%
tax on gain $27
After tax gain on salvage value $173 ($200 - $27)
Accounts payable $27,577
Accounts receivable 71,254
Accrued liabilities 6,902
Cash 20,740
Intangible assets 35,144
Inventory 75,509
Long-term investments 113,352
Long-term liabilities 73,417
Marketable securities 30,292
Notes payable (short-term) 26,866
Property, plant, and equipment 605,309
Prepaid expenses 1,787
Required:
Based on the data for Privett Company, what is the quick ratio, rounded to one decimal point?
Answer:
1.99
Explanation:
Quick ratio is computed as;
= (Cash + Marketable securities + Account receivables) / Current liabilities
Where
Current liabilities = $27,577 Accounts payable + $6,902 Accrued liabilities + $26,866 Notes payable = $61,345
Quick ratio = ($20,740 + $30,292 + $71,254) / $61,345
= $122,286 / $61,345
= 1.99
Compute the dollar amount of working capital that can be reduced at year-end if the ending heel raw material inventory is cut by half.
Answer:
Note: The full question is attached as picture below
a. No of units Cost per unit Total Cost
Beginning Inventory 1,200 $8 $9,600
Add Purchase 35,000 $8 $280,000
Inventory available for 36,200 $8 $289,600
production
Less Inventory transferred to 33,200 $8 $265,600
production (16,600 Pairs*2 Heels)
Ending Inventory 3,000 $8 $24,000
b. Working capital will be reduced by: (3,000*$8)/2 = $12,000
Casey Klemons' agreement (BELO plan) with his employer provides for a pay rate of $16.50 per hour with a maximum of 50 hour. How much would Klemons be paid for a week in which he worked 46 hours
Answer:
$907.50
Explanation:
Calculation for How much would Klemons be paid for a week in which he worked 46 hours
Amount to paid =(10 × 0.5 × $16.50)+(50× $16.50
Amount to paid=$82.50 + $825
Amount to paid=$907.50
Therefore the amount that Klemons should be paid for a week in which he worked 46 hours is $907.50
Identify the characteristics needed in implementing a shared ethical culture and explain how this will help the organization.
Explanation:
In order to implement a shared ethical culture, the company must adopt ethical practices and procedures involving its entire internal and external environment.
The ethical culture must be implemented in all organizational systems and shared by all employees, regardless of the hierarchical level in the company. Leaders need to be the greatest example of ethical behavior in the company. Knowing how to guide, communicate, provide feedback, treat all employees with equality, etc. are actions that encourage and promote shared ethical behavior.
Companies can benefit from the shared ethical culture in creating an organizational culture aimed at developing individual skills and competences, cooperation, innovation and creativity.
