Plaintiffs filed a class action lawsuit against investment banks alleging that they inflated prices on more than 300 IPOs, causing IPO investors to overpay for stock, and unlawfully benefited these banks through overcompensation of banking commissions and profits made through quick sales of this stock in their own accounts before prices settled into a more realistic valuation. How would you combat such abuses going forward

Answers

Answer 1

Answer: The answer is provided below

Explanation:

When we think about investment, individuals and firms should understand the risks before they invest their money, and also the loss risks.

When investing in a business or a corporation that you may work for, it is vital to understand and be clear on the fine print and also the 180-dayhold. It is vital on any purchase to understand the risks and rules which come along with it especially stocks.

It is crucial to the success of an individual, that research is done in order to make sure everything is understood prior to the stock sale.

On the other side, federal banking regulators committee should also do a better job with the investigations and the enforcements of bank and the stock regulations.


Related Questions

Kenrick Corporation uses activity-based costing to compute product margins. In the first stage, the activity-based costing system allocates two overhead accounts equipment expense and indirect labor to three activity cost pools Processing, Supervising and Other based on resource consumption. Data to perform these allocations appear below.
Overhead costs
Equipment expense $18,000
Indirect labor $2,000
Distribution of Resource Consumption Across activity cost pools
Activity Cost Pools
Processing Supervising Other
Equipment expense 0.10 0.30 0.60
Indirect labor 0.30 0.40 0.30
In the second stage. Processing costs are assigned to products using machine-hours (MHs) and Supervising costs are assigned to products using the number of batches. The costs in the Other activity cost pool are not assigned to products. Activity data for the company's two products as follows.
Activity
MHs (Processing) Batches (Supervising)
Product U4 5,500 600
Product C7 4,500 1,400
Total 10,000 2,000
Finally, sales and direct cost data are combined with Processing and Supervising costs to determine product margins.
Sales and Direct Cost Data:
Product U4 Product C7
Sales (total) $58,400 $31,800
Direct materials (total) $26,900 $13,900
Direct labor (total) $25,000 $11,200
What is the product margin for Product U4 under activity-based costing?
a. $3,500
b. $6,500
c. $5,180
d. $3,320

Answers

Answer:

D.) $3320

Explanation:

Product margin = (Sales - direct labor - direct materials - overhead)

$(58400 - 26900 - 25000 - 3180) = $3,320

Check attached picture for detailed explanation

Since the middle of the 20th century, the international global business system has been shaped by global institutions. Countries have established these institutions to address the global issues that span their borders. The functions of these organizations have been established in international treaties. International businesses need to be aware of the functions of these organizations as they can have a profound impact on trade and commerce.

It is critical for businesses to understand which organizations do what. It is also extremely useful to understand when these organizations were created since each emerged in response to changes, crises, or developments in the global business system. Identify the order in which these organizations were created.

a. GATT
b. Bretton Woods Institutions: IMF and the World Bank
c. WTO
d. G20
e. UN

Answers

Answer:

The order in which these organizations were established, from first to last are,

1. Bretton Woods Institution: IMF and the Word Bank

2.United Nations

3. GATT

4. WTO

5. G20

Explanation:

The organizations mentioned above were created on the international forum, either to foster peace or economic growth among the nations involved. In the order in which they were created from first to last, we have;

1. Bretton Woods Institution: IMF and the World Bank- These were created on July 1944, by 43 countries in Bretton Woods, New Hampshire, United States. They were established to rebuild the economy of nations after the World Wars by encouraging cooperation among the economic drivers of these nations.

2. United Nations- This organization was created on 24th October 1945. Its aim is to enhance and promote International Peace through its policies.

3. General Agreement on Tariffs and Trade- This is a legal understanding among several nations with the intention of reducing to reasonable extent, and if possible eliminating trade barriers such as tariffs. It was established on 30th October, 1947.

4. World Trade Organization- It was established with the intention of regulating trade among nations. It was established on 1st January, 1995.

5. G20- Short for Government of 20, this is a meeting meant for both the leaders as well as the Central Bank governors of about 19 countries, along with the European Union. It was established on 20th September, 1999.

Option A costs an initial $2 billion and will involve variable costs (labor and material) of $5 per bottle of spirits. Option B costs an initial $4 billion and will involve variable costs (labor and material) of $3 per bottle of spirits. Assuming an annual capital charge equal to 10 percent of the initial costs, what is the average fixed cost at production level of 20,000,000 bottles per year for the Option B facility

Answers

Answer: 20

Explanation:

Total cost of Option B = 4 billion

Total fixed cost = 10% of 4 billion

= 10/100 × 4,000,000,000

= 0.1 × 4,000,000,000

= 400,000,000

The average fixed cost is the total cost divided by the total number of output that is given. In this case, this can be calculated as:

= 400,000,000/20,000,000

= 20

The average fixed cost at production level of 20,000,000 bottles per year for the Option B facility will be 20.

On January 1, 20x1, the ABC Corporation purchased 80% of the XYZ Company's voting stock for $3,000,000. The FMV of all of XYZ's stock was $4,025,000, and XYZ's net assets had a book value of $2,850,000; the fair values of XYZ's assets are equal to their book values, with the exception of land, which is $625,000 greater than its book value. Assuming that ABC Corporation used the acquisition method to prepare its consolidated balance sheet, how much goodwill was reported on the January 1, 20X1 consolidated balance sheet assuming that the "full goodwill" method is used?

Answers

Answer: $440000

Explanation:

Fair market value = $4025000

Book value of asset = $2,850,000

Land value = $625,000

The value of the goodwill will be

(Fair market value - book of asset - land value) × 80%

= ($4,025,000 - $2,850,000 - $625,000) × 80%

= 550000 × 80%

= 550000 × 0.8

= $440,000

You work for a company that ends their fiscal year on September 30th. The company billed its customers for services provided in August, but they have not yet received payment for these services. Assuming the company uses accrual accounting, how should this transaction be recorded

Answers

Answer:

Debit Accounts receivable

Credit Service Revenue

Being entries for services rendered to customers in August

Explanation:

Under accrual accounting, revenue is recognized once it is earned which is when the goods or services have been delivered to the customers such that the risk and reward or control of the goods/services now lies with the customer.

This is different from the cash basis of accounting where revenue is only recognized when cash has been received.

In accrual accounting, When revenue is earned but cash is yet to be received,

Debit Accounts receivable

Credit Revenue account

On receipt of cash,

Debit Cash account  

Credit Accounts receivable.

Account balances at the beginning of the year were: accounts receivable, $180,000; and inventory, $270,000. All sales were on account. Assume that Castile Products, Inc., paid dividends of $2.55 per share during the year. Also assume that the company’s common stock had a market price of $70 at the end of the year and there was no change in the number of outstanding shares of common stock during the year.

Answers

Additional information:

The financial statements for Castile Products, Inc., are given below:

Castile Products, Inc.

Balance Sheet

December 31

 Assets            

Current assets:            

    Cash $23,000  

    Accounts receivable, net $250,000  

    Merchandise inventory $340,000  

    Prepaid expenses $8,000  

Total current assets $621,000  

Property and equipment, net $840,000  

Total assets $1,461,000  

             

Liabilities and Stockholders' Equity            

Liabilities:            

    Current liabilities $290,000  

    Bonds payable, 11% $300,000  

Total liabilities $590,000  

Stockholders’ equity:            

    Common stock, $10 par value $130,000  

    Retained earnings $741,000  

Total stockholders’ equity $871,000  

Total liabilities and equity $1,461,000  

Castile Products, Inc.

Income Statement

For the Year Ended December 31

Sales $2,140,000  

Cost of goods sold $1,230,000  

Gross margin $910,000  

Selling and administrative expenses $600,000  

Net operating income $310,000  

Interest expense $33,000  

Net income before taxes $277,000  

Income taxes (30%) $83,100  

Net income $193,900

Required:

Compute financial ratios as follows: 1. Earnings per share. (Round your answer to 2 decimal places.) 2. Dividend payout ratio. (Round your intermediate calculations to 2 decimal places. Round your final percentage answer to 1 decimal place (i.e., 0.1234 should be considered as 12.3%).) 3. Dividend yield ratio. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be considered as 12.3%).) 4. Price-earnings ratio. (Round your intermediate calculations to 2 decimal places and final answer to 1 decimal place.) 5. Book value per share. (Round your answer to 2 decimal places.)

Answer:

$14.9217.1%3.6%4.7$67

Explanation:

1. Earnings per share = net income / average shares outstanding = $193,900 / 13,000 stocks = $14.92

2. Dividend payout ratio = total dividends / net income = ($2.55 x 13,000) / $193,900 = $33,150 / $193,900 = 17.1%

3. Dividend yield ratio = dividend per share / market price per share = $2.55 / $70 = 3.6%

4. Price-earnings ratio = price per share / earnings per share = $70 / $14.92 = 4.7

5. Book value per share = (stockholders' equity - preferred stocks) / total number of stocks outstanding = $871,000 / 13,000 = $67

How is each of the following likely to be affected by a recession:

a. the natural unemployment rate.
b. the cyclical unemployment rate.
c. the inflation rate.
d. the poll ratings of the president

Answers

The answer is A , because the natural unemployment rate

Each of the following likely to be affected by a recession is the cyclical unemployment rate. The correct option is b.

What is a recession?

The term "recession" is used in economics to describe the economic downturn brought on by a reduction in supply or demand. The production, employment, and income of domestic economies generally diminish, which in turn results in additional drops in demand and investment, lengthening the recessive process.

Because of this, when demand or production falls, the recession tends to last longer, deepen, and speed up, signaling that the affected nation's domestic economy will be in decline.

A recession is a time in the economy when growth is generally slow, yet inflation is also high. It is crucial that market forces operate independently, without interference from the government, in order to prevent a recession.

Therefore, the correct option is b. the cyclical unemployment rate.

To learn more about the recession, refer to the link:

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The following transactions occurred during the month of June 2021 for the Stridewell Corporation. The company owns and operates a retail shoe store. Issued 75,000 shares of common stock in exchange for $375,000 cash. Purchased office equipment at a cost of $68,750. $27,500 was paid in cash and a note payable was signed for the balance owed. Purchased inventory on account at a cost of $150,000. The company uses the perpetual inventory system. Credit sales for the month totaled $255,000. The cost of the goods sold was $127,500. Paid $3,250 in rent on the store building for the month of June. Paid $1,800 to an insurance company for fire and liability insurance for a one-year period beginning June 1, 2021. Paid $108,375 on account for the merchandise purchased in 3. Collected $51,000 from customers on account. Paid shareholders a cash dividend of $3,750. Recorded depreciation expense of $1,375 for the month on the office equipment. Recorded the amount of prepaid insurance that expired for the month. Required: Prepare journal entries to record each of the transactions and events listed above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Answers

Answer:

Stridewell Corporation

Journal Entries:

Debit Cash $375,000

Credit Common Stock $375,000

To record issue of 75,000 shares of common stock.

Debit Office Equipment $68,750

Credit Cash Account $27,500

Credit Notes Payable $41,250

To record purchase of office equipment.

Debit Inventory $150,000

Credit Accounts Payable $150,000

To record purchase of inventory on account

Debit Accounts Receivable $255,000

Credit Sales Revenue $255,000

To record sales on account.

Debit Cost of Goods Sold $127,500

Credit Inventory $127,500

To record cost of goods under the perpetual inventory system.

Debit Rent Expense $3,250

Credit Cash Account $3,250

To record payment of rent for June.

Debit Prepaid Insurance $1,800

Credit Cash Account $1,800

To record payment for insurance.

Debit Accounts Payable $108,375

Credit Cash Account $108,375

To record payment on account.

Debit Cash Account $51,000

Credit Accounts Receivable $51,000

To record cash collection from customers.

Debit Dividends $3,750

Credit Cash Account $3,750

To record payment of cash dividend.

Debit Depreciation Expense $1,375

Credit Accumulated Depreciation $1,375

To record depreciation charge for the month.

Debit Insurance Expense $150

Credit Prepaid Insurance $150

To record expired insurance for the month.

Explanation:

a) Journal Entries show the accounts to be debited and credited in the general ledger.  They are the first accounting records of business transactions and events.

b) Insurance Expense for June is equal to $1,800/12 = $150 per month.  This amount is deducted from the Prepaid Insurance to reduce the balance.

Journalizing transactions, posting journal entries to four-column accounts, and preparing a trial balance
Theodore McMahon opened a law office on April 1, 2018. During the first month of operations, the business completed the following transactions:
Requirements
1. Record each transaction in the journal, using the following account titles: Cash; Accounts Receivable; Office Supplies; Prepaid insurance; Land; Building; Furniture; Accounts Payable; Utilities Payable; Notes Payable; Common Stock; Dividends; Service Revenue; Salaries Expense; Rent Expense; and Utilities Expense. Explanations are not required.
2. Open the following four-column accounts including account numbers: Cash, 101; Accounts Receivable, 111; Office Supplies, 121; Prepaid Insurance, 131; Land, 141; Building, 151; Furniture, 161; Accounts Payable, 201; Utilities Payable, 211; Notes Payable, 221; Common Stock, 301; Dividends, 311; Service Revenue, 411; Salaries Expense, 511; Rent Expense, 521; and Utilities Expense, 531.
3. Post the journal entries to four-column accounts in the ledger, using dates, account numbers, journal references, and posting references. Assume the journal entries were recorded on page 1 of the journal.
4. Prepare the trial balance of Theodore McMahon, Attorney, at April 30, 2018.

Answers

Answer:

1. Record each transaction in the journal. Explanations are not required.

April 1

Dr Cash 70,000

    Cr Common stock 70,000

April 3

Dr Office supplies 1,100

Dr Furniture 1,300

    Cr Accounts payable 2,400

April 4

Dr Cash 2,000

    Cr Service revenue 2,000

April 7

Dr Land 30,000

Dr Building 150,000

    Cr Cash 40,000

    Cr Notes payable 140,000

April 11

Dr Accounts receivable 400

    Cr Service revenue 400

April 15

Dr Salaries expense 1,200

    Cr Cash 1,200

April 16

Dr Accounts payable 1,100

    Cr Cash 1,100

April 18

Dr Cash 2,700

    Cr Service revenue 2,700

April 19

Dr Accounts receivable 1,700

    Cr Service revenue 1,700

April 25

Dr Utilities expense 650

    Cr Accounts payable 650

April 28

Dr Cash 1,100

    Cr Accounts receivable 1,100

April 29

Dr Prepaid insurance 3,600

    Cr Cash 3,600

April 29

Dr Salaries expense 1,200

    Cr Cash 1,200

April 30

Dr Rent expense 2,100

    Cr Cash 2,100

April 30

Dr Dividends 3,200

    Cr Cash 3,200

2. Open the following four-column accounts including account numbers:

3. Post the journal entries to four-column accounts in the ledger,

I used an excel spreadsheet to answer questions 2 and 3

4. Prepare the trial balance of Theodore McMahon, Attorney, at April 30, 2018.

In order to prepare a trial balance we must prepare an income statement first.

Service revenue $6,800

Salaries expense -$2,400

Rent expense -$2,100

Utilities expense -$650

Net income $1,650

retained earnings = net income - dividends = $1,650 - $3,200 = -$1,550

  Theodore McMahon, Attorney

               Balance Sheet

For the Month Ended April 30, 2018

Assets:

Cash $23,400

Accounts receivable $1,000

Prepaid insurance $3,600

Office supplies $1,100

Furniture $1,300

Land $30,000

Building $150,000

Total assets: $210,400

Liabilities and Equity:

Accounts payable $1,950

Notes payable $140,000

Common stock $70,000

Retained earnings ($1,550)

Total liabilities and equity: $210,400

how all calculations: Palmer Inc. currently produces 110,000 units at a cost of $440,000. Next year Palmer Inc. expects to produce 115,000 units. Palmer’s relevant range is 100,000 to 120,000 units. If the cost is variable and 115,000 units are produced, the total cost ­­­­­_____. Group of answer choices will decrease will increase to $460,000 will stay the same will be indeterminate

Answers

Answer:

Will increase to $460,000

Explanation:

Palmer Inc. currently produces 110,000 units at the rate of $440,000

Next year they are expected to produce 115,000 units

Since the cost is variable, the total cost can be calculated as

(440,000/110,000) × 115,000

= 4×115,000

= $460,000

Hence the total cost is $460,000

company's perpetual preferred stock currently sells for $92.50 per share, and it pays an $8.00 annual dividend. If the company were to sell a new preferred issue, it would incur a flotation cost of 5.00% of the issue price. What is the firm's cost of preferred stock? Note: when flotation costs are given as a percentage instead of in dollar terms, the denominator in the formula changes from (P-F) to P*(1-F). Hint: remember that for preferred stock the growth rate of the dividend is zero.

Answers

Answer:

The firm's cost of preferred stock is  9.10%

Explanation:

The cost of preferred stock with the flotation of 5% would be the dividend payable by the preferred stock divided by the adjusted current market price(adjusted for flotation cost)

The dividend per year is $8

The adjusted price of the stock=$92.50*(1-f)

where f is the flotation cost in percentage terms i.e 5%

adjusted price of the stock is =$92.50*(1-5%)=$ 87.88  

Cost of preferred stock=$8/$87.88*100  = 9.10%

Betty contributed land with a $6,000 basis and a $10,000 FMV to the ABC Partnership in Year 1. In Year 2, the land was distributed to Sally, another partner in the partnership. At the time of the distribution, the land had a $12,000 fair market value, and Sally had a $30,000 basis for her partnership interest. What gain is recognized by Betty on the distribution? What is Sally’s basis for the distributed land?

Answers

Answer:

a. Gain recognized by Betty on the distribution is $4,000.

b. Sally’s basis for the distributed land is therefore $10,000.

Explanation:

a. What gain is recognized by Betty on the distribution?

When an asset contributed by a partner to a partnership is distributed, the gain or loss to be recognized by the partner that contributed the asset is the difference between the fair market value (FMV) and the basis of the asset. Therefore, we have:

Gain recognized by Betty = FMV of the land - Basis of the land = $10,000 - $6,000 = $4,000

b. What is Sally’s basis for the distributed land?

When an asset of partnership is distributed to another partner in a partnership, the partner's basis for the distributed asset is the FMV of the distributed asset.

Since the FMV of the land contributed by Bettt but now distributed to Sally is $10,000, Sally’s basis for the distributed land is therefore $10,000.

1. How has an understanding of consumer behavior helped Coppertone grow in the United States and around the globe? 2. Describe the five-stage purchase decision process for a Coppertone customer. 3. What are the possible situational, psychological, and sociocultural influences on the Coppertone consumer purchase decision process? Situational Psychological Sociocultural 4. What specific marketing activities does Coppertone utilize to help Coppertone grow in the marketplace? 5. What challenges does Coppertone face in the future? What actions would you recommend related to each challenge?

Answers

Answer: The answers are provided below

Explanation:

1. The understanding of consumer behavior which has helped Coppertone grow in the United States and around the world are:

• Its understanding of consumer behavior was along with changing behaviour of consumers.

• Its understanding was along with consumer's changing needs.

• Providing innovative solutions that are in accordance with consumer preferences.

Note that at the beginning, Coppertone started as a tanning product, but later developed nee products when the consumers preferences changed from tanning to skin protection.

2. . The Five stage purchase decision process for a Coppertone customer are:

a. Problem recognition - This is the stage of understanding the problem.

b. Search for information. It is the stage of seeking solution to the problem

c. Comparision of alternatives - This is the stage where the comparative analysis is done. This stage is influenced by the product, price, availability etc.

d. Decision of purchasing - This is the stage of decision making that is based on the comparisons made.

e. Post-purchase feedback - This is the stage whereby the consumer will evaluate the product performance. This stage is vital to retaining existing consumers.

3. The factors that can influence the Coppertone consumer purchase decision process are:

• Psychological: It is the intention of consumers to protect their skin from the sun while going out thereby maintaining their good look.

• Sociological : It is in human behaviour to replicate the things that are being done by other people in the society.

• Situational Factor: This is a case whereby consumers are left with no other alternatives than purchasing a particular product brand to meet their need.

4. The marketing activities Coppertone utilized to help it grow in the marketplace are:

• Advertisment: Coppertone advertisment strategy really worked through its use of the advertisement campaign for “the Coppertone Girl” and also their famous tagline “Tan, Don’t Burn.” This helped spar the product’s popularity.

• Use of social media: They also engage with their customers on social media nd other websites.

5. The challenges that would be faced by Coppertone in the future are:

• There will be an unbalanced demand and supply since the requirement of the product is seasonal.

• Selective usage of the product by the customer can hampers the sale.

• There may be the need for more innovative products in order to meet customer needs.

The recommendation related to each challenges are:

• Awareness should be created among the customers about their self health and looks, in order for them to shift away from seasonal usage.

• New products should be launched aggressively. This is because customers are trendy nowadays and also appealing marketing techniques should be used.

1. When The understanding of consumer behavior that has helped Coppertone grow in the United States and around the world are:

Although, Its understanding of consumer behavior was along with changing the behavior of consumers.

Then Its understanding was along with consumers' changing needs.

Consumer behavior

Also when Providing innovative solutions that are under consumer preferences.

Note that at the beginning, Coppertone started as a tanning product, but later developed nee products when the consumer's preferences changed from tanning to skin protection.

2. When The Five stage purchase decision process for a Coppertone customer are:

a. Problem recognition - This is the stage of understanding the problem.

b. Search for information- It is the stage of seeking a solution to the problem

c. Comparison of alternatives - This is the stage where the comparative analysis is done. This stage is influenced by the product, price, availability, etc.

d. Decision of purchasing - This is the stage of decision-making that is based on the comparisons made.

e. Post-purchase feedback - This is the stage whereby the consumer will evaluate the product performance. This stage is vital to retaining existing consumers.

3. When The factors that can influence the Coppertone consumer purchase decision process are:

Psychological: Consumers intend to protect their skin from the sun while going out thereby maintaining their good look.

Sociological: It is in human behavior to replicate the things that are being done by other people in society.

Situational Factor: This is a case whereby consumers are left with no other alternatives than purchasing a particular product brand to meet their needs.

4. When The marketing activities Coppertone utilized to help it grow in the marketplace are:

The Advertisement: when the Coppertone advertisement strategy worked through its use of the advertisement campaign for “the Coppertone Girl” and also their famous tagline “Tan, Don’t Burn.” This helped spar the product’s popularity.

Use of social media: They also engage with their customers on social media and other websites.

5. The challenges that would be faced by Coppertone in the future are:

There will be an unbalanced demand and supply since the requirement of the product is seasonal.

Then Selective usage of the product by the customer can hamper the sale.

There may be a need for more innovative products to meet customer needs.

The recommendation related to each challenge are:

Awareness should be created among the customers about their self-health and looks, for them to shift away from seasonal usage.

New products should be launched aggressively. This is because customers are trendy nowadays and also appealing marketing techniques should be used.

Find out more information about consumer behavior here:

https://brainly.com/question/26324990

Identify a true statement about the per-unit expenditure method of determining advertising budget. It bases its advertising budgets on those of competitors or other members of the industry. It attempts to determine the retail price by using production costs as a base. It sets the advertising budget as a predetermined share of profits or financial resources. It involves arguing for and presenting the advertising budget on the basis of research findings.

Answers

Answer: It attempts to determine the retail price by using production costs as a base.

Explanation:

The Per-unit expenditure approach to advertising sets the retail price based on the production cost. This means that the amount to be set for advertising is based on a fixed amount that is determined by how many units of a good the company expects to sell so that the advertising is based on how much it spent in production.

Revenue and expense data for Innovation Quarter Inc. for two recent years are as follows: The reporting statement of revenue and expense data is shown. A table with three columns is shown. There is no heading in the first column; the second column heading in the current year; the third column heading is the previous year. The headings, Current Year and Previous Year, are set in bold. The first line (below the heading) shows Sales is $ 4,000,000 and $ 3,600,000; the second line shows Cost of goods sold is 2,280,000 and 1,872,000; the third line shows Selling expenses is 600,000 and 648,000; the fourth line shows Administrative expenses is 520,000 and 360,000;the fifth line shows Income tax expense is 240,000 and 216,000. Prepare an income statement in comparative form, stating each item for both years as a percent of sales. Round to the nearest whole percentage. Answer Check Figure: Current year net income: $360,000; 9% of sales Pencil Comment on the significant changes disclosed by the comparative income statement.

Answers

Answer:

Innovation Quarter Inc.

Income Statement

For the Years Ended

                                         Current Year ($)            Previous Year  ($)

Sales                            4,000,000 100% 3,600,000 100%

Cost of goods sold    2,280,000 57%          1,872,000 52%

Gross profit                    1,720,000 43%          1,728,000 48%

Expenses:    

Selling expenses             600,000 15%    648,000 18%

Administrative expenses   520,000 13%    360,000 10%

Total expenses             1,120,000 28%           1,008,000 28%

Income from operations    600,000 15%            720,000 20%

Income tax expense     240,000 6%            216,000 6%

Net income                      360,000 9%            504,000 14%

Explanation:

                                            Current Year              Previous Year

Sales                                  $ 4,000,000               $ 3,600,000

Cost of goods sold             $ 2,280,000                $ 1,872,000

Selling expenses                $ 600,000                    $ 648,000

Administrative expenses    $ 520,000                    $ 360,000

Income tax expense            $ 240,000                    $ 216,000

What is the company’s financial position? Please refer to the income statement and balance sheet for the Exceptional Service Grading Company available here. Using the learning resources provided in the Reading Assignment, perform a financial ratio analysis of the company using the following ratios: • Gross profit margin • Current ratio • Debt ratio

Answers

Answer:

Gross profit margin requires revenue and gross profit of the company.

Current ratio = 1.386 x

Debt ratio = 0.123 x

Explanation:

Gross profit margin requires revenue and gross profit of the company which is provided in the question but it can be calculated using this formula ; Total revenue / gross profit . where Gross profit = Revenue - cost of goods sold

Current ratio is calculated using the formula ; current assets/ current liabilities lets assume the left column is for the most recent year then current ratio =  4612200/3325950 = 1.386x

Debt ratio is calculated using the formula ; total debts/total assets lets assume once more that the left column is the most recent year. note; total debts = long term + current notes payable  = 454800 + 277550

therefore debt ratio = 732350 / 5957800 = 0.123x

attached is the income statement and balance sheet

The expense recognition principle indicates: Multiple Choice the ordering of current assets and current liabilities on the balance sheet. where expenses should be presented on the income statement. how expenses should be split between the income statement and the balance sheet. when costs are recognized as expenses on the income statement.

Answers

Answer:

when costs are recognized as expenses on the income statement.

Explanation:

The expense recognition principle is an accounting principle which is typically used on accrual basis accounts and it states that expenses incurred by an individual or business entity should be recognized and matched in the same period with respect to the revenues they are related to.

The expense recognition principle indicates when costs are recognized as expenses on the income statement.

For instance, company XYZ purchases a property worth $90,000 in June, it was then sold in July for $250,000. Based on the expense recognition principle, the $90,000 cost shouldn't be recognized by company XYZ as an expense until July, when the related revenue would be recognized also. Else, if recognized, its expenses would be overstated by $90,000 in June, and consequently understated to the tune of $250,000 in July.

Additionally, the expense recognition principle helps business owners to calculate their taxes and profits or losses properly.

Victory Company uses weighted-average process costing to account for its production costs.
Conversion costs are added evenly throughout the process.
Direct materials are added at the beginning of the process.
During November, the company transferred 800,000 units of product to finished goods.
At the end of November, the work in process inventory consists of 187,000 units that are 60% complete with respect to conversion.
Beginning inventory had $192,465 of direct materials and $159,635 of conversion cost.
The direct material cost added in November is $1,288,035 and the conversion cost added is $3,033,065.
Beginning work in process consisted of 74,000 units that were 100% complete with respect to direct materials and 80% complete with respect to conversion.
Of the units completed, 74,000 were from beginning work in process and 726,000 units were started and completed during the period.
Required:1. Determine the equivalent units of production with respect to direct labor and direct materials.2. Compute both the direct labor cost and the direct materials cost per equivalent unit. (Round "Cost per EUP" to 2 decimal places.)3. Compute both direct labor cost and direct materials cost assigned to units completed and transferred out and ending goods in process inventory. (Round "Cost per EUP" to 2 decimal places.)

Answers

Answer:

1. Direct Materials = 987,000 units , Direct Labor = 912,200 units

2.Direct Materials = $1.50 , Direct Labor = $3.50

3.

Units Completed and Transferred Costs

Direct Materials = $ 1,200,000

Direct Labor =  $ 2,800,000

Ending goods in process inventory cost

Direct Materials = $ 280,500

Direct Labor = $ 392,700

Explanation:

First step is to determine the equivalent units of production with respect to direct labor and direct materials

Direct Materials

Note : Materials are added at beginning of the process hence, they are 100 % complete for both units categories

Units Completed and Transferred (800,000 × 100%) =  800,000

Units of Ending Work In Process (187,000 × 100%)     =   187,000

Equivalent units of production                                      =   987,000

Direct Labor

Note : Conversion costs are added evenly throughout the process, hence we need to establish units to the extent of work done.

Units Completed and Transferred (800,000 × 100%) =  800,000

Units of Ending Work In Process (187,000 × 60%)     =      112,200

Equivalent units of production                                      =    912,200

The next step is to Calculate the Total Cost of Production with respect to direct labor and direct materials incurred during the period.

Direct Materials

Cost in Opening Work In Process =    $192,465

Cost added during the period       = $1,288,035

Total Costs                                      = $1,480,500

Conversion

Cost in Opening Work In Process =     $159,635

Cost added during the period       = $3,033,065

Total Costs                                      =  $3,192,700

Then use the above data to calculate the cost per equivalent unit for direct labor and direct materials.

Cost per equivalent unit. = Total Cost / Total Equivalent units

Direct Materials = $1,480,500 / 987,000 = $1.50

Direct Labor = $3,192,700 / 912,200 = $3.50

CONCLUSION :

Units Completed and Transferred Costs

Direct Materials = (800,000 ×  $1.50) = $ 1,200,000

Direct Labor = (800,000 ×  $3.50) = $ 2,800,000

Ending goods in process inventory cost

Direct Materials = (187,000 ×  $1.50) = $ 280,500

Direct Labor = (112,200 ×  $3.50) = $ 392,700

There are 100 used laptop g for sale on the market. 40% of them are in good condition, and the rest of them are broken, which is the common knowledge to the owners and the buyers. Owners of broken laptops are willing to sell them for $300. Owners of good used laptops are willing to sell them if the price is above $1600 but will keep them if the price is lower than $1600. There is a large number of potential buyers who are willing to pay $2000 for a good laptop and $600 for a broken laptop. Buyers can't tell good laptops from bad, but original owners know. In equilibrium, what could be the maximum price set for a broken laptop to be sold

Answers

Answer:

In equilibrium the maximum price set for a broken laptop to be sold is $600

Explanation:

According to the given data we have the following:

It is given that 40% laptops are in good condition. This implies that 60% are in bad condition.

In ordert to calculate the maximum price set for a broken laptop to be sold we would have to calculate the expected price that the buyers will be willing to pay for a  laptop as follows:

Expected price=0.60($2000)+0.40($600)

Expected price=$1,200+$240

Expected price=$1,440

As the owners of good laptops are willing to sell their laptops for $1,800, whis is more that $1,440, they will not sell their products.

This implies that only bad laptops are sold in the market. The willingless to pay for the bad laptops is $600

Therefore, In equilibrium the maximum price set for a broken laptop to be sold is $600

Job costing, unit cost, ending work in process. Rowan Company produces pipes for concert-quality organs. Each job is unique. In April 2016, it completed all outstanding orders, and then, in May 2016, it worked on only two jobs, M1 and M2: A B C 1 Rowan Company, May 2016 Job M1 Job M2 2 Direct materials $ 75,000 $ 56,000 3 Direct manufacturing labour 275,000 209,000 Direct manufacturing labour is paid at the rate of $25 per hour. Manufacturing overhead costs are allo- cated at a budgeted rate of $22 per direct manufacturing labour-hour. Only Job M1 was completed in May. Required: 1. Calculate the total cost for Job M1. 2. 1,600 pipes were produced for Job M1. Calculate the cost per pipe. 3. Prepare the journal entry transferring Job M1 to finished goods. 4. What is the ending balance in the Work-in-Process Control account?

Answers

Answer:

1. The total cost for Job M1 is $592,000

2. Cost per unit is $370

3. Journal

Finished goods inventory 592,000  

Work in process inventory                    592,000

4.  Ending balance in Work-in-Process Control account is $448,920

Explanation:

                                A                              B                          C

1)   Rowan Company, May 2016           Job M1              Job M2

2)  Direct materials                             $ 75,000             $ 56,000

3)  Direct manufacturing labour          275,000                209,000

Direct manufacturing labour is paid at the rate of $25 per hour

Manufacturing overhead costs are allocated at a budgeted rate of $22 per direct manufacturing labour-hour

1. Direct labor rate = $25 per hour

Direct labor hours used on Job M1 = Direct manufacturing labor ÷ Direct labor rate

= 275,000 ÷ 25

= $ 11,000

Manufacturing overhead applied to Job M1 = Direct labor hours used on Job M1 x 22

= $11,000 x 22

= $242,000

Job cost sheet (Job M1)

Direct material  = $75,000

Direct labor = $275,000

Overhead applied  = $242,000

Total cost = $592,000

2.  Cost per unit = Total cost ÷ Number of units

= 592,000 ÷ 1,600

= $370

3. Journal

Finished goods inventory 592,000  

Work in process inventory                    592,000

4.  Direct labor hours used on Job M2 = Direct manufacturing labor/Direct labor rate

= 209,000 ÷ 25

= $8,360

Manufacturing overhead applied to Job M2 = Direct labor hours used on Job M2 x 22

= $8,360 x 22

= $183,920

Job cost sheet (Job M2)

Direct material  = $56,000

Direct labor  = $209,000

Overhead applied  = $183,920

Total cost  = $448,920

Ending balance in work in process control account = $448,920

Although the "Great Recession" that began in late 2007 ended officially in the summer of 2009, the U.S. economy had staged only a modest recovery as we moved through the middle of 2015. Some economists have pointed out that this is typical of a _____________ recession.

Answers

Answer: balance sheet

Explanation: The modest recovery of the U.S. economy after the Great Recession has been described by economists as typical of a balance sheet recession which is characterized by great savings, reduction in debts by individuals or companies collectively, as opposed to spending or investing which serve as stimulants for economies. This is usually attributed to high levels of private sector debts and as a result, there is general economic decline or slow growth.

Some countries have oil as a natural resource and bronze plate inc, based in illinois, is considering building a facility in one of those foreign countries since it does not have easy access to oil near its manufacturing plant. Which theory of foreign direct investment provides an explanation for this decision?
A) eclectic paradigm
B) infant industry argument
C) protectionism argument
D) product life cycle theory
E) new trade theory

Answers

Answer: A) eclectic paradigm

Explanation:

An Eclectic Paradigm is also called a OLI Framework which is an acronym that stands for Ownership, Location, Internationalization.

Companies use this theory in cost based analysis to determine if they can reduce costs by producing in house as opposed to from the market.

It is usually applied to the area of Foreign Direct Investment where companies use it to decide if it is better to invest in another country and have easier access to goods that it needs as opposed to buying it from the market. If it is shown that they stand to gain more from investing directly in another country, they will use this option.

This is the theory that Bronze Plate Inc wants to use.

California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $32 per share. Later in the year, the company decides to Purchase 100 shares at a cost of $35 per share. Record the transaction if California Surf resells the 100 shares of treasury stock at $37 per share

Answers

Answer:

Debit= $3,700

Credit= $200

Credit= $3,500

Explanation:

The following transactions are recorded in California Surf clothing company

1) Cash debit is acquired through the reissuance of 100 shares of treasury stock at the rate of $37 per share

= $37 per share × 100 shares

= $3,700

2) Credit from the additional paid in capital

= $37 per share - $35 per share

= $2 per share × 100 shares

= $200

3) Credit gotten from the required stock

= $3,700 - $200

= $3,500

General Discussion Questions What should business leaders take away from this scandal? What could Wells Fargo have done differently to avert this cultural meltdown? Practice of Ethical Leadership Questions Modeling Character and Values: What values did Stumpf model to Wells Fargo employees? What impact might that have on the culture of Wells Fargo? Encouraging Ethical Conduct: What behaviors can leaders model in order to encourage ethical behavior in their organization? Designing Ethical Systems: Wells Fargo did have some systems in place, like the ethics hotline, to report unethical behavior, but it didn’t work. Why do you think that is? What steps can leaders take to design systems that encourage ethical behavior rather than unethical behavior?

Answers

Answer:

From this scandal, business leaders should learn to:

(a) not encourage unethical practices directly or indirectly among employees.

(b) not set unrealistic targets for employees to achieve within an unrealistic time-frame.

(c) Institute measures to prevent unethical practices.

(d) Encourage honest employees to grow in the company.

(e) Honor adherence to regulatory framework as applicable to the company.

Wells Fargo could have done differently in these manner:

(a) When the first incident of aggressive sales practice was reported in year 2004 with identified incidents from year 2002, they could have instituted measures to prevent recurrence of such incidents. Some of the practical and workable measures are enumerated in succeeding paragraphs.

(b) Convene a meeting of senior managers to provide them with appropriate guidelines so as not to repeat such incidents.

(c) Instruct senior managers to advise their juniors to refrain from any such aggressive sales practices.

(d) Investigate to determine the extent of impact of aggressive sales practices as on 2004 and take remedial actions against those who are engaged in such activities.

(e) Promote the whistle-blower method of instantaneous reporting of an incident by anyone who has witnessed such an incident.

(f) Reward employees having honesty, integrity and moral values.

Practice of Ethical Leadership Questions

CEO John Stumpf’s model was to aggressively cross-sell products by any means. While leading the bank in doing so, he had compromised on the minimum value system that any financial institution or any company must adhere to. The cultural impact that had on Wells Fargo is listed below:

(a) Employees were pressurized for resorting to unethical practices.

(b) Employees reporting matters on unethical practices were punished.

(c) The performance management/ measurement system, in effect, encouraged dishonesty in employees.

(d) The compensation system was skewed in favor of bonus.

(e) Since, the supervisors pressurized employees, the structural dishonesty within the organization was evident.

Leaders can encourage ethical behavior in their organization in the following manner:

(a) Demonstrate personal ethics in their words and actions.

(b) Instruct senior managers to strictly adhere to the ethical norms to be followed.

(c) Instruct senior managers to communicate company’s ethical agenda to the supervisors/ other junior employees within their departments/ sections.(d) Monitor adherence to / violation of ethical practices on a regular basis.(e) Institute immediate remedial measures to prevent recurrence of any unethical practice.

(f) Encourage employees to report incidents of unethical practices.

(g) Reward honest and hardworking employees.

Well Fargo’s system of ensuring Ethical System within the bank, such as ethics hotline to report unethical behavior did not work because, the top management, led by the CEO did not pay any importance to prevention of unethical practices. Rather, they steered in an organized and structured manner to promote unethical practices.

Leaders can take the following steps to design systems that encourage ethical behavior:

(a) The top leaders must “think ethics”, “speak ethics” and “act ethics”. This is the top most fundamental step in the direction of designing systems to encourage ethical behavior.

(b) Matters on “what is ethical and what is not ethical” must be circulated across the organization.

(c) Periodic briefing must take place from the top management to the junior most employees in a structured and organized manner.

(d) Encouragement on reporting (whistle-blowing) incidents of unethical practices must be given.

(e) System of rewarding honest and hardworking employees must be put in place.

Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company.

Notes payable $11,000
prepaid insurance 2500
Interest expense 500
Accounts payable 1500
Wages payable 400
Cash 10,000
Wages expense 7500
Insurance expense 1800
Common stock 10,000
Retained earnings 14,800
Services revenue 20,000

Accumulated depreciation—BuiIdings $15,000
Accounts receivable 4000
Utilities expense 1300
Interest payable 100
Unearned revenue 800
Supplies expense 200
Buildings 40,000
Dividends 3,000
Depreciation expense—BuiIdings 2,000
Supplies 800

Required:
Prepare the:

a. Income statement
b. Statement of retained earnings for the year ended December 31
c. Balance sheet at December 31. The Retained Earnings account balance was $118,800 on December 31 of the prior year.

Answers

Answer:

a. Income statement

Services revenue                                                      20,000

Unearned revenue                                                         800

Total Revenue                                                           20,800

Less Expenses :

Interest expense                                          500

Wages expense                                        7,500

Insurance expense                                    1,800

Utilities expense                                        1,300

Supplies expense                                        200

Depreciation expense—BuiIdings           2,000      (13,300)

Net Income                                                                  7,500

b. Statement of retained earnings for the year ended December 31

Retained earnings at the beginning of the year 14,800

Add Profit for the year                                            7,500

Less Dividends Paid                                             (3,000)

Retained earnings at the end of the year           19,300

c. Balance sheet at December 31.

Non - Current Assets

Buildings                                                 40,000

Accumulated depreciation—Buildings (15,000)

Total Non - Current Assets                    25,000

Current Assets

Supplies                                                       800

Accounts receivable                                4,000

Prepaid insurance                                    2,500

Cash                                                         10,000

Total Current Assets                               17,300

Total Assets                                             42,300

Equity and Liabilities

Equity

Common stock                                        10,000

Retained Earnings                                   19,300

Total Equity                                              29,300

Non - Current Liabilities

Notes payable                                          11,000

Total Non - Current Liabilities                 11,000

Current Liabilities

Accounts payable                                     1,500

Wages payable                                           400

Interest payable                                          100

Total Current Liabilities                           2,000

Total Equity and Liabilities                    42,300

Explanation:

The Profit for the year is included in the calculation of the Retained Earnings figure for the end of the year. The retained earnings figure at end of the year is part of Equity in the Balance Sheet.

(Note Income Statement Consist of Revenue Expenditures only, whilst Balance Sheet consists of Assets, Equity and Liabilities).

Assume that the economy has three types of people. 20% are fad followers, 75% are passive investors and 5% are informed traders. The portfolio consisting of all informed traders has a beta of 1.4 and an expected return of 12.4%. The market has an expected return of 10% and the risk-free rate is 4%. The expected return for the fad follower's portfolio is closest to:__________.
a. 11.5%
b. 13.6%
c. 16%
d. 12.4%

Answers

Answer: a. 11.5%

Explanation:

Fad followers are those investors who follow a trend when it emerges and as such their betas will be less than that of informed traders because the informed traders would have acted first.

Using the Capital Asset Pricing Model to calculate expected return.

Er = Rf + b( Rm - Rf)

Er = Expected return

Rf = Risk Free Rate

b = Beta

Rm = Market Return.

The Expected Return for the Informed Investors is,

= 4% + 1.4 ( 10% - 4%)

= 4% + 1.4 ( 6%)

= 12.4%

With the Fad followed expected to have a lower beta and therefore a lower expected return than the Informed Investors, the only suitable option is the 11.5%.

The RST Company makes 38,000 parts to be used in its main products. The cost per part at this activity level is:
Direct materials
$
6.50
Direct labor
$
6.60
Variable manufacturing overhead
$
3.75
Fixed manufacturing overhead
$
3.45




An outside supplier offered to supply RST Company this part at $18 per unit. If RST Company decides not to make the parts, there would be no other use for the production facilities and none of the fixed manufacturing overhead cost could be avoided. Direct labor is a variable cost. The annual financial advantage (disadvantage) for the company as a result of buying these parts from the outside supplier rather than making them internally would be:


($186,200)


($87,400)


($43,700)


$87,400

Answers

Answer:

($43,700)

Explanation:

38,000 units produced:

Direct materials  $ 6.50 Direct labor  $6.60 Variable manufacturing overhead $3.75 Fixed manufacturing overhead  $3.45total cost per unit = $20.30

outside supplier offers parts at $18 per unit

fixed manufacturing overhead is unavoidable

                                Alternative 1             Alternative 2        Differential

                                keep producing       buy                        amount

Prod. cost                $771,400                               $0            $771,400

Purchase cost                    $0                  $684,000            ($684,000)

Unavoidable costs            $0                     $131,100               ($131,100)

total                         $771,400                    $815,100               ($43,700)

The financial disadvantage of purchasing the parts from an outside vendor = ($43,700)

Aston, a tenant in Jackie's apartment, had repeatedly complained about the leaky faucets in the apartment. However, Jackie was not interested in doing anything about it. Under the landlord and tenant law, what remedies did Aston have?

a. To terminate the lease, then seek damages or rent adjustment.
b. To seek constructive eviction.
c. To obtain a court order for quiet enjoyment.
d. To obtain the doctrine of caveat emptor under the common law.
e. None, because she was on a periodical tenancy.

Answers

Answer:

a. To terminate the lease, then seek damages or rent adjustment.

Explanation:

when a landlord breaches his/her duties, the tenant has three available remedies:

terminationdamages rent adjustment

Generally when things like this happen, the tenant will terminate the contract and in order to do so must leave the premises and notify the landlord that he/she is doing so and the reasons why. Then the tenant can seek compensation for damages caused by the landlord's breach of duties. Damages are generally limited to relocation costs, e.g. costs of finding a new apartment and moving there.

If Aston decided to stay at the apartment, he could seek to fix the plumbing issues and seek compensation from the landlord.

Out of the possible options, option a is correct.

The following accounts were taken from the Adjusted Trial Balance columns of the end-of-period spreadsheet for April 30, for Finnegan Co.: Accumulated Depreciation $32,000 Fees Earned 78,000 Depreciation Expense 7,250 Rent Expense 34,000 Prepaid Insurance 6,000 Supplies 400 Supplies Expense 1,800 Prepare an income statement.

Answers

Answer:

Explanation:

Income statement for Finnegan Co for the period Ended April 30

Fees earned ( Revenue)       78,000

Depreciation Expenses        (7,250)

Rent expenses                       (34,000)

Supplies Expenses                  (1800)

Income                                    34,950

Prepaid insurance (6000) and supplies (400) are current assets item of the statement of financial position (balanced sheet) while accumulated depreciation (32000) is a contra asset account on the balanced sheet as a reduction on the fixed assets.

A company is investing in a solar panel system to reduce its electricity costs. The system requires a cash payment of $125,374.60 today. The system is expected to generate net cash flows of $13,000 per year for the next 35 years. The investment has zero salvage value. QS 24-15 Net present value LO P3 The company requires an 8% return on its investments. 1-a. Compute the net present value of this investment. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided. Round your present value factor to 4 decimals.) 1-b. Should the project be accepted?

Answers

Answer:

NPV is positive,the project should be accepted

Explanation:

In determining whether or not the project should be accepted ,we need to ascertain the Net Present value of the project which is present value of cash inflows of $13,000 for 35 years minus the initial investment of $125,374.60 committed today.

The annuity factor for 8% for 35 year horizon is 11.6546 using annuity table.

Present of cash inflow=cash inflow*annuity factor=$13,000*11.6546=$151,509.80  

Net present value=$ 151,509.80-$125,374.60=$ 26,135.20  

The investment has a positive NPV,hence should be accepted

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Evolution is change in a population over time and includes the gene pools of that population. How does biogeographic isolation allow for the change of gene pools over time What side had the advantage of railroads North or south at what age were Spartan men allowed to live with their wives Non-verbal communication influences the way a message is received and functions in at least five different ways. Read the following scenario, and identify the most appropriate form of non-verbal communication to use.You are meeting with a new customer for the first time in person. This customer had a negative experience with one of your companys competitors, and you want to communicate to the customer that you are honest and trustworthy.What form of non-verbal communication will serve you best?A. SmilingB.Standing far awayC. Sustained eye contactNon-verbal communication sends powerful messages through body language and facial expressions. Our work space arrangement also sends nonverbal messages to others. In the following situation, consider what the intern is conveying non-verbally.After preparing a project development agenda, the office manager prepares a conference room for the meeting. She places a circular table in the center of the room and surrounds it with comfortable chairs. What message is the office manager expressing non-verbally?A. She wishes to promote open communication.B. She wishes to discourage communication.C. She wishes to set up a clear hierarchy.Document appearance can have either positive or negative effects on how an audience receives a message.In the following situation, consider what message is being conveyed non-verbally through document appearance.Nathan is hiring a summer intern to assist him in launching a new marketing campaign. He opens a letter of introduction from one applicant and notices three misspellings in the first sentence. Additionally, Nathan notes that while the applicant seems to have the necessary experience, he has not formatted his letter of introduction in a professional manner. What message is the internship applicant expressing non-verbally? A. He is very interested in the summer internship.B. He is well qualified but too busy to be bothered with formatting.C. He is not very professional and is not interested in the job. HELP For all his popularity, Andrew Jackson was a controversial President. In the voice of Jackson himself, defend each of the attacks on his record.1. Andrew Jackson dishonored the presidency by holding a raucous inaugural celebration inside the White House.2. Jackson is awarding federal jobs to friends and political cronies. This "spoils system" will fill our government with unskilled people.3. In threatening to send the Army to South Carolina to enforce a tariff, Jackson is behaving like a tyrant.4. Jackson has signed the Indian Removal Act, paving the way for a brutal, forced removal of entire groups of people. Insurance Underwriters have established that the probability of city experiencing disasters in the next five years is 0.3 for a Tornado, 0.4 for Hurricane, and 0.1 for both Tornado and Hurricane. A) What is the probability of city experiencing only a Tornado in the next five years?B) What is the probability of city experiencing neither a Tornado nor Hurricane in the next five years? Psychologists take as their subjects the entire spectrum of human beings as well as animals.TrueFalse Which statements about World War II are correct?Choose all answers that are correct. A. America's industrial might played a large role in securing victory in World War II. B. Many major advances in technology and medicine occurred during World War II. C. The use of airpower did little to change the way World War II was fought. D. There were many times more civilian deaths in World War II Than in World War I. PLEASE HELP IM STRUGGLING here is a rectangle all the measurements are in centimeters The perimeter of the rectangle is 39cm Work out the area of the rectangle Which is one way that topographic maps are different from other maps?