Answer:
a. Governments may access the resources of fiduciary funds to help support their own programs.
True
b. When a government sponsors an Investment Trust Fund, the portion that belongs to other governments is reported as assets of the Fund, but the portion belonging to the sponsoring government is not.
True
c. The statement of net position for a typical Agency Fund shows assets and liabilities, but no fund balance.
True
d. When reporting on the resources of Pension Trust Funds, equity securities held by the Funds are reported at original cost.
True
Explanation:
Chip Wilson, Lululemon's founder, envisioned creating high-quality sportswear, found low-cost producers, realized sales that exceeded those of competitors, established a corporate culture, and formulated a marketing strategy. Of these activities, which would be first and last in the strategic planning process?
Answer:
d. envisioning high-quality sportswear and realizing high sales
Explanation:
At the first step of strategic planning process he identifies the opportunity which lies in high quality sportswear. At the last step execution is done for making the opportunity being realized by achieving the high sales.
Options to the question are: " a. finding producers and establishing a corporate culture ; b. establishing a corporate culture and formulating a marketing strategy ; c. formulating a marketing strategy and envisioning high-quality sportswear ; d. envisioning high-quality sportswear and realizing high sales
The highest amount a firm can charge for its products is most directly affected by:______.
a. expected retaliation from competitors.b. the cost of substitute products.c. variable costs of production.d. customers' high switching costs.
Answer:
Option B, the cost of substitute products, is the right answer,
Explanation:
Option “B” is the correct answer because if the price of substitute goods is lower then the consumer will go for that commodity. While, if the prices of substitutes are higher then the consumer will not prefer the substitute goods. So the company or firm takes the price of substitutes into consideration before deciding the price of goods. If a firm charges the price that is costlier for the consumer and the consumer is able to find the lower price of substitute goods then the demand for the main commodity will fall and the demand for substitute will increase.
The highest charge of firm on his product can be directly affected B: he cost of substitute products.
A substitute product can be regarded as goods that serves the same purpose that another product serves in the marketin competitive market, there are some factors that affect how much a firm can charge, availability of substitute product is one of them,
If a firm charge so high on its product, the consumer will just switch to similar product that serve same purpose and this will reduce the sales rate.
Therefore, option B is correct
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Decision Point: Choosing Your Data Collection Method Having chosen to use a survey to obtain descriptive data on eSports attitudes, you now need to decide how to contact consumers. You want to gather a large quantity of data fairly quickly, while not incurring high costs. How will you collect this data
Answer:
telephone interview, email
Explanation:
Since the researcher requires an inexpensive way or method of collecting data for the research, the best method would be through telephone interview or email. Using this method the researcher would not need to interview the respondents in person or give questionnaires in person which would require that the researcher travel or transport himself to the destination or destinations of the respondents in trying to collect data for his research
Job qualifications refers to the education, work experience, and skills appearing on a job opening.
1)true
2)false
Answer:
The term job qualifications refers to the education, work experience, and skills appearing on a job opening. Recruiters and hiring managers use the list of required and desired job qualifications when selecting applicants for an interview, so its true.
Social media:_____.
a. cannot be compared to traditional advertising in any meaningful way.
b. is thought of by most people as any tool or service that assist conversation.
c. has less sophisticated ways of measuring how marketers meet and interact with consumers than traditional advertising.
d. offer more one-to-one ways to meet consumers than traditional marketing media.
Answer:
d. offer more one-to-one ways to meet consumers than traditional marketing media.
Explanation:
Social media gives the opportunity to meet and communicate with consumers more easy. One can contact a consumer by sending a direct message. This opportunity is not available with traditional media such as newspapers, radios and television adverts.
Social media also makes it easy to find potential customers. A marketer can send a message advertising ones products
The following data have been recorded for recently completed Job 450 on its job cost sheet. Direct materials cost was $2,057. A total of 37 direct labor-hours and 194 machine-hours were worked on the job. The direct labor wage rate is $24 per labor-hour. The Corporation applies manufacturing overhead on the basis of machine-hours. The predetermined overhead rate is $33 per machine-hour. The total cost for the job on its job cost sheet would be: Multiple Choice $6,722 $9,347 $6,303 $11,492
Answer:
B. $9,347
Explanation:
Total direct labor = 37 direct labor hours * $24
Total direct labor = $888
Total overhead = $33 * 194 machine hours
Total overhead = $6,402
Total cost for the job = Direct materials + Direct labor + Overheads
Total cost for the job = 2057+888+6402
Total cost for the job = $9,347
Typically, low inflation is a sign of a healthy economy because it results from a steady rise in demand. a healthy economy because it results from a steady rise in supply. a struggling economy because it results from a steady fall in demand. a struggling economy because it results from a steady fall in supply.
Inflation is a general progressive increase in the price of goods and services in an economy. Hence each unit of currency buys fewer units of goods and services.
A healthy economy is one that has a steady rise in demand and supply. Inflation is the steady rise in prices over a time period and if you have taken a loan, and income is fixed it can lead to problems.Hence the option A is correct.
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Answer:
option A
Explanation:
The cost of a purchased building includes all of the following except:________. a. closing costs. b. real estate broker's commission. c. remodelling costs. d. All of these are included.
Answer:
B because the broker pays their part of comission if I'm correct
The Alpine House, Inc., is a large retailer of snow skis. The company assembled the information shown below for the quarter ended March 31: Amount Sales $ 924,000 Selling price per pair of skis $ 420 Variable selling expense per pair of skis $ 46 Variable administrative expense per pair of skis $ 18 Total fixed selling expense $ 135,000 Total fixed administrative expense $ 115,000 Beginning merchandise inventory $ 75,000 Ending merchandise inventory $ 105,000 Merchandise purchases $ 310,000 Required: 1. Prepare a traditional income statement for the quarter ended March 31. 2. Prepare a contribution format income statement for the quarter ended March 31. 3. What was the contribution margin per unit?
Answer:
Results are below.
Explanation:
First, we need to determine the units sold:
Units sold= 924,000/420= 2,200
Absorption costing income statement:
Sales= 924,000
COGS= (46*2,200)= (101,200)
Gross profit= 822,800
Total administrative expense= (18*2,200) + 115,00= (154,600)
Total fixed selling expense= (135,000)
Net operating profit= 533,200
Variable costing income statement:
Sales= 924,000
Variable cost= (46 + 18)*2,200= (140,800)
contribution margin= 783,200
Total administrative expense= (115,000)
Total fixed selling expense= (135,000)
Net operating profit= 533,200
Contribution margin per unit= 420 - (46+18)= $356
Jones company lends Alabater Inc. $85,000 on August 6, 2018. This loan was memorialized with a signed note receivable with a repayment term of 90- days with a 10% interest rate. When the loan comes due, Alabaster Inc, must repay the $85,000 principle and $_____in interest. Calculate the amount of interest that Alabaster Inc. must pay Jones Company.
A) $8,500.
B) $2,095.
C) $2,125.
Answer:C) $2,125.
Explanation:
Interest = Principal x rate x time (period)
using days in a year = 360 days
Interest = $85,000 X 10% x 90/360
=$2,125
Therefore, Alabaster Inc, must repay the $85,000 principle and $2,125 in interest
The account balances of Paradise Travel Service for the year ended May 31, 20Y6, follow: Fees earned $944,970 Office expense 217,345 Miscellaneous expense 18,900 Wages expense 453,585 Accounts payable 23,625 Accounts receivable 66,150 Cash 253,375 Common stock 135,000 Land 302,000 Supplies 11,340 Cash dividends of $35,900 were paid during the year. Retained earnings as of June 1, 20Y5, were $255,000. Prepare the balance sheet as of May 31, 20Y6. When entering assets, enter them in order of liquidity.
Answer:
Retained earnings as of May 31, 20Y6 = $474,240
Net Assets = Total Owners' Equity = $609,240
Explanation:
To do this, the income statement is first prepared to determine the Retained earnings as of May 31, 20Y6 as follows:
Paradise Travel Service
Income Statement
for the year ended May 31, 20Y6
Particulars $
Fees earned 944,970
Office expense (217,345)
Miscellaneous expense (18,900)
Wages expense (453,585)
Net income 255,140
Cash dividends paid (35,900)
Retained earning for the year 219,240
Retained earnings as of June 1, 20Y5 255,000
Retained earnings as of May 31, 20Y6 474,240
The Balance Sheet is now prepared as follows:
Paradise Travel Service
Balance Sheet
for the year ended May 31, 20Y6
Particulars $
Fixed Assets
Land 302,000
Current Assets
Cash 253,375
Accounts receivable 66,150
Supplies 11,340
Total Assets 632,865
Liability
Accounts payable (23,625)
Net Assets 609,240
Owners' Equity:
Common stock 135,000
Retained earnings as of May 31, 20Y6 474,240
Total owners' equity 609,240
Note that Net Assets and Total Owners' Equity are both equal to $609,240. This is as required in accounting and it shows the Balance Sheet is accurately prepared.
New entrants to an industry are more likely when:a. differentiation among existing competitors is highb. access to distribution channels is limitedc. switching costs for consumers are lowd. capital requirements to enter the industry are highe. expected retaliation from existing competitors is high
Answer:
c. switching costs for consumers are low
Explanation:
New entrants to an industry are when new firms enter into an industry.
When it is easy for consumers to change product, it would be easy for consumers to switch to a new product. This would create a market for the new entrant.
You are part of a knowledge management team that is interested in improving the user experience for your organization. The team members know you have taken a course in informatics and ask your advice about how to get started with usability in the organization. You recommend:___a. talking to the CEO about her ideas.b. examining the support call lists and system change requests.c. working with only physicians, since they have been the most vocal about issues withthe EHR.d. hiring a consultant.
Answer:
b. examining the support call lists and system change requests.
Explanation:
Remember, we are told the team member is part of a knowledge management team that has taken a course in Informatics.
We need to also note that Informatics involves activities meant to collect, organize, analyze, and preserve data records relevant to an organization.
Thus, the only activity among the options which could help the team member learn about the usability in the organization would be to examine the support call lists and system change requests.
Moody's bond ratings are based primarily on an issuer's:___________.
a. capitalization
b. expected trading volume of a bond issue
c. financial strength
d. expected marketability of a bond issue
Answer:
The answer is C.
Explanation:
Moody's bond ratings are based on financial strength of the issuer i.e its ability to pay a bond's principal and interest as and when due.
Moody's rating scale are as follows: Aaa, Aa, A, Baa, Ba, B, Caa, Ca, C.
The best rating is Aaa which is similar to Standard and Poor's, AAA.
These ratings help to know the issuer (corporation, nations etc.) that are worthy to be given bonds.
Use the following information to answer the next 6 questions. Suppose you have $1000 side money. You have two options: spend this money today, or save it for the future. You are offered the following investment opportunity that if you lend the $1000 out today, you will receive $1200 dollars one year later. You think this is a good deal, accept it, and lend your money out. To keep a track of the price level, you check the Bureau of Labor Statistics webpage, and find that the CPI for today is 100. Your nominal interest rate from this investment is
Answer:
20%
Explanation:
The nominal interest rate is the interest rate that you receive for a deposit or an investment without considering any type of adjustment due to inflation.
nominal interest rate = [(future value / present value) - 1] x 100 = [($1,200 / $1,000) - 1] x 100 = 0.2 x 100 = 20%
If you want to calculate the real interest rate, you must adjust your nominal interest rate by the period's inflation rate.
Reynold's Grocery has fixed costs of $350,000, the unit selling price is $29, and the unit variable costs are $20. What is the break-even sales (units) if the variable costs are decreased by $4?
Answer:
26,923
Explanation:
Breakeven quantity are the number of units produced and sold at which net income is zero
Breakeven quantity = fixed cost / price – variable cost per unit
variable cost per unit = $20 - $4 = $16
$350,000 / ($29 - $16) = 26,923
Gil is a Baxley Co. salesman desperate to make quota by the end of year 3. On the afternoon of December 31, year 3, he convinces a longtime customer with excellent credit to sign a contract to accept delivery of Baxley Co.’s Widgetron Deluxe. Gil promises the customer a deep discount off the list price that they can ‘hash out later’ if the customer is 100% happy with the product. Gil does not tell the customer that the company’s policy in such cases is to offer the maximum discount of 30%. The customer states he will have to consult an astrologer and a groundhog to determine if he is happy with the product. Gil oversees the delivery that evening of the Widgetron Deluxe. Should the revenue from this sale be recognized in year 3? Why or why not?
Answer:
No, the revenue should not be recognized in year 3.
Explanation:
In this case, the client has a right to return the Widgetron Deluxe (the product sold). Apparently the client isn't even convinced that he wants to buy it and consulting an astrologer and a groundhog on whether he should keep it or not is not something normal. Gil didn't even tell the customer the price of the Widgetron Deluxe which makes things even more messy.
Revenue from this specific sale should only be recognized after the right to return expires or both the groundhog and the astrologer are happy with it.
g Which of the following IS NOT an issue with alternative investment decision tools? Said another way, which of the following is a false statement? Group of answer choices IRR takes into account relative scale/size of cash flows IRR struggles to handle cash flows shifting from negative to positive to negative to positive Payback rule is simple and favors shorter term projects IRR does not take adequately into account relative timing of cash flows
Answer:
IRR does not take adequately into account relative timing of cash flows
Explanation:
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested .
When cash flows shift from negative to positive to negative to positive, it can lead to the multiple IRR problem
Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows
Payback does not take adequately into account relative timing of cash flows
Exporting only after receiving unsolicited foreign inquiries is best described as:________.a. Direct exporting.b. Indirect exporting.c. Passive or sporadic exporting.d. Inactive exporting.e. None of the above.
Answer:
c. Passive or sporadic exporting
Explanation:
Passive or sporadic exporting is a business operations related term that is used in describing a form of exporting activities or carrying out an exchange of commodities stimulated by unrequested examinations from abroad.
Hence, in this case, the correct answer is Exporting only after receiving unsolicited foreign inquiries is best described as "Passive or sporadic exporting"
Your current assignment at York Foods is to find the major benefits people look for in the packaged goods market, the kinds of people who look for each benefit, and the major brands that deliver each benefit. Your assignment involves an analysis of the __________ element of the marketing mix. Question 4 options: people price product promotion
Answer:
People
Explanation:
People is the component of the marketing mix that deals with what the customer wants and how to effectively tailor products to meet those needs
It gives rise to segmentation of customers based on their preferences. Customers within a given segment are effectively catered for by because the company has an understanding of how to satisfy them.
In this scenario we want to find the major benefits people look for in the packaged goods market, the kinds of people who look for each benefit, and the major brands that deliver each benefit.
Bill currently uses his entire budget to purchase 5 cans of Pepsi and 3 hamburgers per week. The price of Pepsi is $1 per can, the price of a hamburger is $2, Bill's marginal utility from Pepsi is 4, and his marginal utility from hamburgers is 6. Bill could increase his utility by:
Answer:
INCREASE the consumption of Pepsi and REDUCE the consumption of Hamburger
Explanation:
Based on the information given we were told that Bill uses his whole budget to purchase the following :
5 cans of Pepsi
3 Hamburgers per week
And the following were the price:
Pepsi costs $1 per can
Hamburger cost $2
Bill marginal utility:
Pepsi 4
Hamburgers 6
Based on the above details this means that Bill could increase his utility by INCREASING Pepsi consumption and REDUCING hamburger consumption reason been that 5 cans of Pepsi costs $1 per can which will gives us income of $5 ($5×1) while 3 Hamburgers per week cost $2 which will give us income of $6 ($3×2) which typically means that the Hamburgers has more income that Pepsi.
Secondly since the marginal utility for Pepsi is 4 while that of Hamburgers is 6 which means that Hamburgers has higher MARGINAL UTILITY than that of Pepsi because the consumption of Hamburgers is higher than the consumption of Pepsi.
Therefore the best thing that Bill could do in order to increase his Pepsi utility is for Bill to increase Pepsi consumption and reduce hamburger consumption.
Explain how the Pizza Hut website uses the seven website design elements.
Answer:
Context
Website Content
Integrated Marketing
Website communication
Website customization
Pop ups
Live Chat options
Explanation:
Pizza hut is one of the leading restaurant chains of the world. It has designed its website in such a way that it is easy for the customers to access it. The website design has unique and different layout which makes it easy for its customers to place orders and find information regarding its products. The website opens with pizza picture display which makes a person hungry at the moment and he is unable to control his crave for pizza. This is good marketing tool with which every visitor is inspired. Live chat options are available if a customer wants to ask any question regarding the products and their queries are instantly resolved.
Note that common skills are listed toward the top, and less common skills are listed toward the bottom.
According to O*NET, what are common skills needed by Foresters? Check all that apply.
speaking
troubleshooting
monitoring
equipment maintenance
O complex problem-solving
coordination
repairing
critical thinking
Answer:
1,3,5,6,8
Explanation:
Answer:
Speaking, Monitoring, Complex problem-solving, coordination, and critical thinking.
The Fabricating Department started the current month with a beginning Work in Process inventory of $10,500. During the month, it was assigned the following costs: direct materials, $76,500; direct labor, $24,500; and factory overhead, 60% of direct labor cost. Also, inventory with a cost of $111,500 was transferred out of the department to the next phase in the process. The ending balance of the Work in Process Inventory account for the Fabricating Department is:
Answer:
Ending work in process = $14,700
Explanation:
The production process is divided into different stages and includes Raw materials (unprocessed input), Work in process (a combination of processed and unprocessed input), and Finished goods.
In this scenario the work in process started out as $10,500
There was an addition of direct materials
Work in process will increase to 10,500 + 76,500 = $87,000
Other additions are direct labour and factory overhead
Direct labour = $24,500
Factory overhead = 0.6 * 24,500 = $14,700
Inventory cost will be deducted
Ending work in process = 87,000 + 24,500 + 14,700 - 111,500 = $14,700
Commitment either you do or you don’t there’s no in between
What does this quote mean to you? (3-5 sentences )
, is putting together this year's financial statements. He has gathered the following balance sheet information: The firm had a cash balance of $23,015, accounts payable of $163,257, common stock of $311,900, retained earnings of $512,159, inventory of $214,500, goodwill and other assets equal to $78,656, net plant and equipment of $714,100, and short-term notes payable of $21,115. It also had accounts receivable of $141,258 and other current assets of $11,223. How much long-term debt does Blossom Automotive have?
Answer:
Blossom Automotive have long-term debt of $174,321.
Explanation:
This can be estimated using the following accounting equation:
Total Assets = Shareholders' equity + Total liabilities ............... (1)
Where;
Total Assets = cash balance + inventory + goodwill and other assets + net plant and equipment + accounts receivable + other current assets = $23,015 + $214,500 + $78,656 + $714,100 + $141,258 + $11,223 = $1,182,752
Shareholders' equity = common stock + retained earnings = $311,900 + $512,159 = $824,059
Short-term liabilities = accounts payable + short-term notes payable = $163,257 + $21,115 = $184,372
Total liabilities = Short-term liabilities + long-term debt = $184,372 + long-term debt
Substituting the relevant values into equation (1) and solve for long-term debt, we have:
$1,182,752 = $824,059 + $184,372 + long-term debt
long-term debt = $1,182,752 - $824,059 - $184,372
long-term debt = $174,321
Therefore, Blossom Automotive have long-term debt of $174,321.
Which of the following are trade-offs faced by a family deciding whether to buy a new car? Check all that apply. The same vehicle model is available at various car dealerships. A newer model offers better protection and functions but is more expensive than an older model. The vehicle is available in several colors.
Answer:
A newer model offers better protection and functions but is more expensive than an older model.
Explanation:
A trade-off is the opportunity cost of a decision. It is the next best option forgone when one alternative is chosen over other alternatives.
If the family buys the new car, it would not be able to buy the newer, better and more expensive model which is the next best option
Terapin Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $23,400. 2. Provide services to customers and receive cash of $6,800. 3. Pay the current month's rent of $1,300. 4. Purchase office supplies on account for $1,000. 5. Pay employee salaries of $2,100 for the current month. Required:Record the transactions. Terapin uses the following accounts: Cash, Supplies, Equipment, Accounts Payable, Service Revenue, Rent Expense, and Salaries Expense.
Answer:
Journal Entries
Journal 1 :
Equipment $23,400 (debit)
Cash $23,400 (credit)
Being Purchase of Equipment
Journal 2 :
Cash $6,800 (debit)
Service Revenue $6,800 (credit)
Being Service rendered for Cash
Journal 3 :
Salaries Expense $2,100 (debit)
Cash $2,100 (credit)
Being Salaries expense paid
Explanation:
Narrations have been provided to explain the transaction. Remember to use the account titles provided in accounting for the transactions.
What is motivation?
Answer:
The answer is A.
Explanation:
Motivation is the urge to perform a certain act.
Motivation can be caused by perervance, beliefs, ect.
Motivation is the energy and desire to act in a certain way. The mental components powering individuals' conduct with regards to work objectives could incorporate a longing for cash Option(A) is correct.
What does Motivation means?Motivation is the justification behind which people and different creatures start, proceed, or end a way of behaving at a given time.
Motivational states are normally perceived as powers acting inside the specialist that make a demeanor to participate in objective coordinated conduct It is much of the time held that different mental states rival one another and that hands down the most grounded state decides conduct. This implies that we can be spurred to accomplish something without really getting it done.
The paradigmatic mental state giving motivation is want. Be that as it may, different states, for example, convictions about what one should do or expectations, may likewise give motivation. Motivation is gotten from the word 'intention,' which signifies an individual's necessities, wants, needs, or inclinations.
Therefore Option(A) is correct.
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The initial solution to a transportation problem can be generated several ways, so long as:_______.
A) it minimizes cost
B) it ignores cost
C) all supply and demand conditions are satisfied
D) degeneracy does not exist
E) all cells are filled
Answer:
c
Explanation:
because why wouldnt u pay
The initial solution to a transportation problem can be generated several ways, so long as: all supply and demand conditions are satisfied. Thus option (C) is correct.
What is transportation?Transportation is the movement of goods from one location to another. The main motive of transportation is to supply goods from the producers to the consumers for consumption.
For example, one location might be the place where we have source raw materials (like Kuwait for oil) or where we have source goods from a manufacturing facility ( like in California).
We will transport these goods through these goods through different modes like waterways or railways to the end consumers like in Mexico or India. We call such a location a node in the supply chain. There is then a series of such nodes or locations to finally get to the end customer.
The initial solution to a transportation problem can be generated several ways, so long as: all supply and demand conditions are satisfied. Therefore, option (C) is correct.
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