Answer:
degree of operating leverage (DOL) = fixed costs / total costs
Company A:
variable costs = total sales x (1 - contribution margin) = $3,300,000 x 40% = $1,320,000
fixed costs = $1,450,000
total costs = $2,770,000
DOL = $1,450 / $2,770 = 52.35%
530 - 926
Company B:
variable costs = total sales x (1 - contribution margin) = $3,200,000 x 70% = $2,240,000
fixed costs = $460,000
total costs = $2,700,000
DOL = $460 / $2,700 = 17.04%
600 - 692
Company A benefits more form a 20% increase in total sales. Currently, company A has an operating profit = $530,000. If sales increase by 20%, its operating profit will increase to $926,000.
The republic of Bucolia has computed its CPI for three years using 2016 as the base year: A gallon of paint cost $15.00 in 2015. What does it cost in 2016 dollars
Its cost in 2016 in dollars is mathematically given as
x=$17.85
This is further explained below.
What is a CPI?Generally, A price index is defined as the price of a weighted average market basket of consumer goods and services that were bought by households.
A consumer price index is one kind of price index.
The Consumer Price Index (CPI) is used to measure price changes over time.
In conclusion,
\(&\mathrm{CPI}=\frac{\text { current price }}{\text { base price }} X 100 \\\)
Therefore
\(&84=\frac{15}{x} \text { X } 100 \\\)
x=$17.85
Therefore, the 2016 price for paint is $17.85
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HURRY Unfair treatment of job applicants because they look like they are from a different country
Answers
Age discrimination
Ethnic discrimination
Gender discrimination
Religious discrimination
Answer:
ethnic discrimination
Explanation:
it cant be the other if the unfair treatment is due to how somebody looks due to being from a different country
Answer:
ethnic discrimination
Explanation: Got it right on my test!
Discuss the challenge created for financial accountants by the presence of uncertainty.
Uncertainty creates challenges for financial accountants in accurately measuring, reporting, and disclosing financial information.
The presence of uncertainty poses significant challenges for financial accountants. Uncertainty refers to the lack of predictability or reliability in future events or outcomes, which makes it difficult to accurately measure and report financial information. Here are some key challenges created by uncertainty:
Measurement and valuation: Uncertainty makes it challenging to determine the appropriate measurement and valuation of assets, liabilities, revenues, and expenses.
Financial accountants must make estimates and judgments based on available information, assumptions, and professional judgment. However, the accuracy of these estimates may be compromised by the inherent uncertainty.
Financial statement presentation: Uncertainty affects the presentation of financial statements. Accountants must disclose the nature and extent of significant uncertainties that could impact the company's financial position and performance. However, determining which uncertainties are material and require disclosure can be subjective and complex.
Risk assessment: Uncertainty introduces risk into financial reporting. Accountants need to assess and manage risks associated with uncertain events, such as changes in market conditions, legal disputes, or environmental factors. They must consider the potential impact of these risks on financial statements and disclose them appropriately.
Forecasting and decision-making: Uncertainty makes forecasting and decision-making challenging for financial accountants. They need to analyze financial data and projections while considering the potential impacts of uncertain factors.
This requires them to use sophisticated models, scenario analysis, and sensitivity analysis to assess the range of possible outcomes.
Regulatory compliance: Financial accountants must comply with accounting standards and regulatory requirements. Uncertainty adds complexity to compliance efforts, as new and evolving regulations may require additional disclosures or adjustments to financial statements to reflect uncertain events or future obligations.
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What type of law regulates how workers pay and safety?
O A. Employment law
O B. Environmental law
O c. Torts
O D. Contract law
Need help ASAP
Answer:
employment law
Explanation:
just took test
Jessica and Robert have two young children. They have $7,000 of qualified child care expenses and an AGI of $22,000 in 2019. What is their allowable child and dependent care credit considering their pre-credit tax liability
Answer:
$0
Explanation:
The computation of the their allowable child and dependent care credit is shown below:
In the case when the income is below $35,000 than full 35% would be allowed
But the qualified child expense would be limited to $6,000
So, here the amount would be
= $6,000 × 35%
= $1,860
Already there is a pre credit tax liability so $0 should be considered as it would not received any credit
A title pawn lender is a financial institution that:
OA. uses a person's car as collateral to secure a loan.
OB. specializes in financial services for small businesses.
C. accepts deposits and makes loans without earning profits.
OD. offers short-term loans with high interest rates.
SUB
A title pawn lender is a financial institution that D. offers short-term loans with high interest rates.
What is a pawn lender ?A title pawn lender, as a financial entity, offers short-term loans by utilizing an individual's vehicle title as collateral. These loans, characterized by their brevity, come with elevated interest rates that borrowers must be cautious of.
The borrowers, in turn, expose themselves to the possibility of forfeiting ownership of their vehicle should they fail to fulfill their loan obligations promptly. Therefore, it is crucial for prospective borrowers to exercise prudence and careful consideration before engaging with a title pawn lender, given the potential financial implications associated with these arrangements.
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Paula Brock wants to purchase a four-year-old V6 sedan 4-door, which is advertised at $11,925. The car has no air-conditioning and no power seats. It has been driven 49,000 miles. The used-vehicle guide does not indicate any adjustment for this car’s mileage. What is the average retail price for this vehicle?
Answer: $10975
Explanation:
Your question isn't complete as I got more information online.
With regards to the question, since the vehicle has no air-conditioning and no power seats, we are going to deduct their value from the amount that the vehicle is being advertised and thus will be:
Cost of vehicle = $11925
Less: No air conditioning = $800
Less: No power seats = $150
Average retail price = $10975
The average retail price for this vehicle is $10975.
glass co. had net income of $70,000 during the year. Depreciation was $10,000. the following information is available: accounts receivable increase (sale price $100,000) non trade notes payable increased by 50,000, equipment purchases increased by 40,000 account payable increase 30,000. what amount should galss report as net cash provided by investing activities
Answer:
Net cash from investing activities (40,000)
Explanation:
The investing activities are those that pertain to the purchase and sales of non-current assets and marketable securities.
Example of such includes the sales and purchase of property plant an equipment. Therefore, the only item to be considered here is the purchase of equipment.
$
Investing activities
Equipment purchase (40,000)
Net cash from investing activities (40,000)
A European call and put option on the same security both expire in three months, both have a strike price of 20, and both sell for the price 3. If the nominal continuously compounded interest rate is 10% and the stock price is currently 25 , identify an arbitrage.
Answer:
Call payoff = Max [0, Stock price - Strike price]
Call payoff = Max[0,25-20]
Call payoff = 5
Put payoff = Max[0, strike price - stock price]
Put payoff = max[0,20-25]
Put payoff = 0
Strike price = K = 20
Stock price = S = 25
interest rate = 10% = 0.1
Time to expiry = T = 3 months = 3/12 = 0.25
Put call parity: C + K*Exp(-r*T) = P + S
C = P + S - K*Exp(-r*T)
Call = 3 + 25 - 20*exp(-0.1*0.25)
Call = 28 - 19.5062 =
Call = 8.4938 > 3
So, yes there is an arbitrage . Implied value is 8.4938 but trades at 3.00; Call option is trading cheap hence we should buy more call options.
One of the three basic functions performed by the Equal Employment Opportunity Commission is:
A) Mission statement assessment
B) Developing diversity management plans
C) On-the-job training
D) The creation and updating of universal job descriptions and job specifications
E) Mentoring assessment
One of the three basic functions performed by the Equal Employment Opportunity Commission is D) The creation and updating of universal job descriptions and job specifications.
What is the function and the purpose of Equal Employment Opportunity Commission?The function and the purpose that can be attributed to the Equal Employment Opportunity Commission is that it help top bring an end to the discrimination that is been done by the employer in the process of giving employment to the public, however this discrimination could be base on the factor such as race as well as age and nationality.
It should be noted that this act actually help so many people that could not secure a job for themselves as a result of how those employer do discriminate on the people before giving out the appointment letter without considering about the qualification of the applicants and after this people were happy to get job.
Therefore, option D is correct.
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What is office? In short
What will produce more accurate results when giving a survey?
A. Using the word "frequently" in a question
B. Creating face-to-face interviews
C. Adding boxes to check for answers
D. Creating an open questions
Answer:
Option B; Creating face-to-face interviews
Explanation:
Research has shown that face-to-face interviews tend to produce more accurate results when giving a survey. So the correct answer is option B.
Explain the major financial decisions to a layman
There are four major financial considerations to make. Capital budgeting or long-term investment decisions, capital structure or financing decisions, dividend decisions, and working capital management decisions are all examples of capital budgeting or long-term investment decisions.
Financial decisions are important in determining when, where, and how a corporation receives finances. When the market valuation of an organization's share increases, the firm tends to gain more profit; this is not only a symbol of the firm's progress but also increases the wealth of investors.
Financial decisions are those made by management about a company's finances. These are critical considerations for the company's financial well-being. These decisions can pertain to asset purchase, finance and fundraising, day-to-day capital and spending management, and so on.
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Johnson corporation began the year with inventory of 14,000 units of its only product. units cost $8 each. The company uses a Perpetual inventory system and the fifo cost method. The following transactions occurred during the year: a. purchase 70,000 additional units at a cost of $10 per unit. Terms of the purchases were 2 /10 n/ 30, and 100% of the purchases were paid within the 10-day discount. The company uses the gross method to record purchase discounts. The merchandise was purchased f. O. B. Shipping point and Freight charges of $0.40 per unit were paid by Johnson. b. 1400 units purchased during the year will return to suppliers for credit. Johnson was also given credit for the freight charges of $0.40 per unit it had paid on the original purchase. The units were defective and were returned two days after they were received. c. sales for the year totaled 65,000 units at $18 per unit. d. on December 28th Johnson purchased 5400 additional units at $10 each. The goods were shipped f. O. B. Destination and arrived at Johnson's Warehouse on January 4th of the following year e. 17600 units were on hand at the end of the year. required: 1. for financial reporting purposes, the company uses lifo (amounts based on the Periodic inventory system). Record the year-end adjusting entry for the lifo reserve, assuming the balance in the lifo Reserve at the beginning of the year it's $15,800 2. determine the amount the company would report as income before taxes for the year under lifo. Operating expenses other than those indicated in the above transactions amounted to $158,000
Why is it important to learn about finances?
☁️ Answer ☁️
Money Management Is A Learned Skill. Knowledge is power.
"Learning about personal finance gives you the knowledge and understanding to make smart money choices. Thus, you become more in control of your own life and are empowered to do the things that matter most to you. Learning how to manage your money means learning how to become free"
Hope it helps.
Have a nice day noona/hyung.
( Help please suck on this question !! )
Which of the following challenges will banks continue to tackle over the next few years?
A. Customer engagement
B. Increasing competitive advantage
C. Increasing service offerings
D. Lowering interest rates
Answer:A
Explanation:
Because as long as a bank does have customers over the next few years then they have to tackle customers engagement.
I need help asap!!!!!
The Reasons the solution was not successful:
Some of the tour developers objected to the solution, citing that specialized classes required too much effort and expense.Keisha was not pleased with the extra funds requested by the tour developers for the classes, leading her to put a stop to the planning of the classes until further notice.Sharon's lack of communication with Keisha about the solution beforehand may have contributed to Keisha's negative reaction to the extra funds requested by the tour developers.What are educational tours?Generally, Educational tours are trips that students take as part of their curriculum in order to learn more about a certain subject or to visit a certain area.
These trips often involve visits to museums, historical sites, and other places of learning.
They can also include interactive activities and discussions to help students gain a better understanding of the topics they are studying.
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If the amount of gasoline purchased per car at a large service station has a population of $15 and a population standard deviation of$4 then 99.73% of all cars will purchase between $3 and $27
The range between $3 and $27 is three standard deviations away from the mean.
Since we know that 99.73% of the data falls within three standard deviations of the mean, we can estimate that 99.73% of all cars will purchase gasoline between $3 and $27.
According to the given information, the population mean is $15, and the population standard deviation is $4.
This means that 99.73% of all cars will purchase gasoline within three standard deviations of the mean, using the empirical rule.
Therefore, we can use the empirical rule to estimate the percentage of cars that will purchase gasoline between $3 and $27.
The empirical rule is also known as the 68-95-99.7 rule, which states that:Approximately 68% of the data falls within one standard deviation of the meanApproximately 95% of the data falls within two standard deviations of the meanApproximately 99.7% of the data falls within three standard deviations of the mean.
To find the number of standard deviations that correspond to $3 and $27, we need to calculate the z-scores.
The z-score formula is given as:z = (x - μ) / σwhere z is the standard score, x is the value of the variable, μ is the population mean, and σ is the population standard deviation.
To find the z-score for $3, we plug in the values:z = (3 - 15) / 4z = -3To find the z-score for $27, we plug in the values:z = (27 - 15) / 4z = 3.
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A company has a credit line of GHS 1,000,000 with a 10% compensating balance requirement. It urgently needs to borrow an amount of GHS250,000 for a 1 year at a rate of 15% per annum for an urgent transaction. a. How much does it need to borrow? and b. What is the effective interest rate on the amount borrowed?
GHS needs 350,000 to borrow the effective interest rate on the amount borrowed is 15%.
The compensating balance requirement is 10% of the credit line. Therefore, the company must maintain a balance of 10% of GHS 1,000,000 = GHS 100,000 in a non-interest-bearing account.
Since the company urgently needs to borrow GHS 250,000 Amount needed to borrow = GHS 250,000 + GHS 100,000 = GHS 350,000.
Interest paid = Amount borrowed * Interest rate
Interest paid = GHS 250,000 * 15% = GHS 37,500.
The effective interest rate is the ratio of interest paid to the amount borrowed.
Effective interest rate = (Interest paid / Amount borrowed) * 100
Effective interest rate = (GHS 37,500 / GHS 250,000) * 100 = 15%.
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Gerald purchased a washing machine for $650 three months ago and is very unhappy with his purchase. Since then, he had to call for repair service twice. On each of these instances the repair company charged $50 for the service call just to go to his house. They also charged $20 an hour for labor. The first time they came they spent 2.5 hours, and the second time they came they spent 1.5 hours. Gerald wants to send a complaint letter to the manufacturer. He is seeking to return the defective machine and get a refund for his total expenses related to the washing machine. What amount should be put in his letter?
Answer:
Explanation:
Le montant total que Gerald a payé pour la machine à laver est de 650 $. Le coût total des services de réparation pour les deux instances est : 50 $ (frais d'appel de service) + 20 $/heure (frais de main-d'œuvre) × 2,5 heures = 100 $ (première fois) 50 $ (frais d'appel de service) + 20 $/heure (frais de main-d'œuvre) × 1,5 heure = 80 $ (deuxième fois) Ainsi, le coût total des services de réparation est de 100 $ + 80 $ = 180 $. Par conséquent, le montant total que Gerald devrait mettre dans sa lettre demandant un remboursement est de 650 $ + 180 $ = 830 $.
Peter Drucker, a well-known management scholar, has said that
companies should be evaluated on two basic dimensions:
Peter Drucker, a well-known management scholar, has said that companies should be evaluated on two basic dimensions: :A. profitability and philanthropy.
What does being a philanthropy mean?The term philanthropy is known to be a term that connote that “love that a person has for humanity.
It entails the giving of gifts of time, talent as well as treasure. Therefore, Peter Drucker, a well-known management scholar, has said that companies should be evaluated on two basic dimensions: :A. profitability and philanthropy.
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Peter Drucker, a well-known management scholar, has said that companies should be evaluated on two basic dimensions: O profitability and philanthropy legality and profitability O customer satisfaction and profitability legality and responsibility consumerism and responsibility
Previous question
Choose the correct statement regarding rental insurance
A. Rental insurance covers your personal belongings but not the actual building
B. Rental insurance covers the carpeting if the water heater leaks
C. Rental insurance only covers in the case of a hurricane
D. Rental insurance covers everything in a building including the physical building.
Answer:
A. Rental insurance covers your personal belongings but not the building
Explanation:
RENTAL INSURANCE is a type of insurance that help to cover or replace a person or an individual personal belongings in the case of unforseen circumstances such as theft ,fire accident or damage to Property which may arise and on the second hand RENTAL INSURANCE does not cover damage to a person personal property that arise due to damage causes by natural disasters such as hurricanes as well as carpeting repair due to water heater leakage.
Lastly RENTAL INSURANCE does not cover the actual building reason been that it only landlord Insurance policy that covers the actual building which means that the correct statement regarding rental insurance is :Rental insurance covers your personal belongings but not the actual building.
Who might an HR professional turn to for help in making good use of external
recruitment sources?
OA. A recruitment agency
OB. A corporate manager
OC. A guidance counselor
O D. An advertising firm
A recruitment agency is a source to which the HR professional turn to for help in making good use of external recruitment sources. Thus, option A is appropriate.
Identification, attraction, interviewing, selection, hiring, and onboarding of personnel are all included in the recruitment process. Put it another way, it covers everything from identifying a staffing requirement to meeting it. Various employees are in charge of recruiting, depending on the size of the company.
The entire process of finding, sourcing, screening, shortlisting, and interviewing people for positions within an organization is known as recruitment. The selection of candidates for unpaid positions is another step in the recruitment process.
Thus, option A is correct.
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Calculating Income Tax Expense
Given the following.
Taxable Income $400k
Future taxable amounts $30k
Future deductible amounts $50k
Beginning Balances DTA $10k
Beginning Balances DTL $40k
Tax rate 30%.
1. What is the income tax expense?
2. What is the DTA year end balance?
3. What is the DTL year end balance?
4. What is the income tax expense?
5. What is the originating/reversing amount for the future taxable amount and for the deductible amount of the current year?
The income tax expense is $120k
The DTA year-end balance is $10k
The DTL year-end balance is $40k
The origination amount for the future deductible amount is $15k, and the reversing amount is also $15k.
How to Solve the Problem?1. To calculate the income tax expense, we need to first calculate the taxable income.
Taxable Income = $400k
Tax rate = 30%
Income tax expense = Taxable Income * Tax rate
Income tax expense = $400k * 30% = $120k
2. The DTA (Deferred Tax Asset) year-end balance can be calculated as follows:
Beginning Balance DTA = $10k
Future deductible amounts = $50k
Origination amount for the deductible amount = $50k * 30% = $15k
Reversing amount for the deductible amount = $15k
DTA year-end balance = Beginning Balance DTA + Origination amount - Reversing amount
DTA year-end balance = $10k + $15k - $15k = $10k
3. The DTL (Deferred Tax Liability) year-end balance can be calculated as follows:
Beginning Balance DTL = $40k
Future taxable amounts = $30k
Origination amount for the taxable amount = $30k * 30% = $9k
Reversing amount for the taxable amount = $9k
DTL year-end balance = Beginning Balance DTL + Origination amount - Reversing amount
DTL year-end balance = $40k + $9k - $9k = $40k
4. The originating/reversing amount for the future taxable amount and the future deductible amount of the current year have already been calculated in questions 2 and 3. The origination amount for the future taxable amount is $9k, and the reversing amount is also $9k. The origination amount for the future deductible amount is $15k, and the reversing amount is also $15k.
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A bank statement is a quarterly record of interest earned on savings accounts.
Post-assessment
Question 2 of 10
Which of these is true about social signals?
The option which is always true about social signals is : "They may have different meanings across cultures."
What are social signals?Social signals are interactions between social media users and the content you share on your website.
Below are some examples of social signals. Someone shared a link to a page on your site in a public Fac. ebook post. The post will receive likes, comments and other shares. Social signals are interactions and engagement between people with posts on social media.
Social signals include: Fac. ebook likes, comments and shares. Tw. itter likes, retw. eets, quotes and conversations.
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Full Question:
Although part of your question is missing, you might be referring to this full question:
Which of these is true about social signals?A. They are always clear and obvious.B. Only peers send them to each other.C. They tell you everything you need to know.D. They may have different meanings across cultures.
Types of controls used to assess the effectiveness of marketing operations
Sawyer Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead to jobs. Last year, the Corporation worked 57,000 actual direct labor-hours and incurred $345,000 of actual manufacturing overhead cost. The Corporation had estimated that it would work 55,000 direct labor-hours during the year and incur $330,000 of manufacturing overhead cost. The Corporation's manufacturing overhead cost for the year was:
Answer:
Underapplied by $3,000
Explanation:
Calculation for what The Corporation's manufacturing overhead cost for the year was:
First step is to calculate the Predetermined Overhead rate
Predetermined Overhead rate=( $ 330,000/ 55,000)
Predetermined Overhead rate= $ 6 per labor hour
Now let calculate the Manufacturing overhead cost
Manufacturing overhead cost= (6 x 57 000)-$345,000
Manufacturing overhead cost=$342,000-$345,000
Manufacturing overhead cost=Underapplied by $3,000
Therefore The Corporation's manufacturing overhead cost for the year was:underapplied by $3,000
What can you do now to help withstand the next recession or survive a period of high
inflation?
Savings and Investments are a way to withstand period of Recession or High Inflation.
What is Recession and Inflation?
When there is a general fall in economic activity, there is a recession, which is a contraction of the business cycle in economics. Recessions typically start when consumer spending falls dramatically across the board. According to Pugliese, unemployment frequently increases during recessions, and total employment levels may even decline. Additionally, GDP growth typically slows down during recessions as a result of decreased demand from consumers and a reduction in labour force, which results in lower output of goods and services.
The amount that a collection of products and services have increased in price during a specific time frame, typically a year, is measured by inflation. One of the most well-known words in economics, perhaps.
Hence, Savings and Investments are a way to withstand period of Recession or High Inflation.
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Identify the rights of employees that are covered by the Wagner and Taft Hartley Acts.
A. The right to nominate candidates for union office.
B. The right to participate in union meetings and secret ballot elections.
C. The right to choose whether they join a union.
D. The right to examine a union's financial records.
E. The right to block non-striking employees from entering the workplace.
Over the past 35 years (early 1980s to the present) union membership in the public (or government) sector has been relatively constant at
A. 10 percent
B. 35 percent
C. 50 percent
D. 60 percent
E. one million workers.
The rights of employees covered by the Wagner and Taft Hartley Acts is the right to choose whether they join a union. Option C.
Over the past 35 years, union membership in the public (or government) sector has been relatively constant at 35 percent. Option B.
What are Wagner and the Taft-Hartley Acts?The Wagner (1935) and the Taft-Hartley (1947) Acts are U.S. federal laws that gave employees the right to join unions.
Wagner Act helped to pass the National Labour relations Act, which tremendously expanded the rights of labor workers by allowing them to join organized trade unions and bargain for better working conditions.
However, Taft-Hartley Labor Management Relations Act extended and amended Wagner Act and placed many new restrictions on labor unions in the United States.
The union membership rate in the U.S. public (or government) sector has been relatively constant at 35 percent.
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