Answers
A Keogh plan is a tax-deferred pension plan available to self-employed individuals or unincorporated businesses for retirement purposes. A Keogh plan can be set up as either a defined-benefit or a defined-contribution plan, although most plans are set as the latter.
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2.suppose 40% of the people entering X electronics store this month make a purchase. If 10 people enter the store, find the expected number making a purchase. Suppose that for the next month X electronics store forecasts 1000 customers will enter the store. (i)What is the expected number of customers who will make purchase? (ii) Find also the Standard Deviation.
Answers
i) The expected number of customers who will make a purchase in the current month is 4.
ii) The standard deviation for the number of customers making a purchase in the current month is approximately 1.55.
To find the expected number of customers making a purchase, we can multiply the total number of customers entering the store by the probability of making a purchase.
(i) For the current month:
Number of people entering the store = 10
Probability of making a purchase = 40% = 0.4
Expected number of customers making a purchase = Number of people entering the store * Probability of making a purchase
Expected number of customers making a purchase = 10 * 0.4
Expected number of customers making a purchase = 4
Therefore, the expected number of customers who will make a purchase in the current month is 4.
(ii) To find the standard deviation, we need to consider the binomial distribution since the number of customers making a purchase follows a binomial distribution with parameters n (number of trials) and p (probability of success).
For the current month:
n = Number of people entering the store = 10
p = Probability of making a purchase = 0.4
q = Probability of not making a purchase = 1 - p = 1 - 0.4 = 0.6
Standard deviation (σ) of a binomial distribution is given by the formula:
σ = √(n * p * q)
Substituting the values:
σ = √(10 * 0.4 * 0.6)
σ = √(2.4)
σ ≈ 1.55
Therefore, the standard deviation for the number of customers making a purchase in the current month is approximately 1.55.
For the next month, if the store forecasts 1000 customers to enter the store, we can use the same calculations with updated values of n and p to find the expected number of customers making a purchase and the standard deviation.
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Every day, your boss participates in a conference call from 1:00 PM to 2:00 PM. You know this, and today, instead of returning from lunch at 1:00, you decide to extend your lunch until 1:45. This is an example of
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An example of Shirkingis when an employee decide to extend their lunch until 1:45 instead of 1:00 becaujse of his boss participation in a conference call.
What is called Shirking?A shirk essentially means the act of avoiding or getting out of doing something that should be done.
Hence, when an employee decide to extend their lunch until 1:45 instead of 1:00 because of his boss participation in a conference call is an example of Shirking because he need to help his boss.
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Simba Company’s standard materials cost per unit of output is $9.68 (2.20 pounds x $4.40). During July, the company purchases and uses 2,970 pounds of materials costing $15,741 in making 1,500 units of finished product. Compute the total, price, and quantity materials variances
Answers
Unfavorable price variance = 2,673
Unfavorable quantity variance = 1,452
Favorable total materials variance = 2,673
Which of the following skills are important for job interviews?
Answers
Mike and Sue McCloskey make sure to share their vision with their workforce, also known as the Fair Oaks family. They also welcome feedback on this vision. This allows for different sectors of the organization to be heard, and more closely work together. Which managerial challenge
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answer:the answer is collaboration boost
performance
philip is a manager who oversees raw materials ordering, inventory levels, employee efficiency and productivity, and assembly line maintenance. which of the following budgets would philip most likely help develop?
Answers
The manufacturing overhead budget would most likely be developed by Philip as a manager for the situation given above. Therefore, the option C holds true.
The manufacturing overhead budget can be referred to or considered as the budget that is created for estimation of the amounts that are to be allocated for the manufacturing of the goods and services for the given particular period. This budget is highly effective in the maintenance of assembly line. They are also highly beneficial in other factors.
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Complete question
philip is a manager who oversees raw materials ordering, inventory levels, employee efficiency and productivity, and assembly line maintenance. which of the following budgets would philip most likely help develop?
A. Sales overhead budget
B. Inventory budget
C. manufacturing overhead budget
D. None of the above
Robert and Charles are trying to decide what form of business to form for their new company. They ask you the following question: Which of the following transactions would be considered by the IRS to be a taxable sale of assets? Changing the form of business from:
a. a partnership to an LLC.
b. All of the above.
c. a corporation to an LLC.
d. an LLC to a corporation.
Answers
A partnership to an LLC, a corporation to an LLC and an LLC to a corporation. Hence, option B is correct.
What is LLC?State law permits the use of the Limited Liability Company (LLC) as a corporate form. If you're interested in forming a Limited Liability Company, you should verify with your state as each one may have different rules.
States impose a fee at initial formation. Many states also charge recurring costs, such as franchise tax or annual report fees. Consult the Secretary of State's office in your state. ownership that is transferable. Compared to a corporation, an LLC's ownership is frequently more difficult to transfer.
An LLC's primary benefit is implied in its name: limited liability protection. When an owner conducts business through an LLC, their personal assets may be shielded from commercial obligations and claims brought against the company. One or more owners (referred to as "members") may make up an LLC.
Thus, option B is correct.
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the information for preparing a trial balance on a work sheet is obtained from
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The information for preparing a trial balance on a work sheet is obtained from the general ledger accounts.
A trial balance is said to be prepared by using the amounts in the company's general ledger accounts which considers each of the company's ledgers accounts and as well as it tends to include their amounts which is in the total calculation of the trial balance.
So, this Ledger account will tend to include debit or credit amount as per the balance. Thus, the trial balance is said to be prepared after the transactions are first recorded in the journal and then they are subsequently posted in the general ledger.
Hence, trial balance is a part of the accounting process.
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By definition, empirical probability is equal to:
Ο Α.
Total number of trials
Total number of successful trials
B.
Number of favorable outcomes
Total number of possible outcomes
O
C.
Number of trials
Total number of trials
D.
Number of successful trials
Answers
By definition, empirical probability is equal to C. Number of successful trials/Total number of trials.
What is an empirical probability?It should be noted that empirical probability simply means a experimental probability that is based on historical data.
In this case, by definition, empirical probability is equal to the number of successful trials divided by the total number of trials.
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Answer:
It's D
Explanation:
Number of successful trials/Total number of trails
If the order is accepted, by how much will monthly profits increase or decrease? (The order would not change the company’s total fixed costs.) Show and label all computations using words and numbers to explain the steps please (final answer should be incremental profits)
Answers
If the Superior Company accepts the special order, monthly profits will increase by $2,500.
By how much will monthly profits increase or decrease if order is accepted?To determine the impact on monthly profits, we need to calculate the contribution margin per unit on the special order.
Contribution margin per unit = Selling price per unit - Variable costs per unit
= $15 - ($2.50 + $3.00 + $0.50 + $1.50)
= $7.50
The contribution margin ratio is 50% ($7.50 / $15).
The fixed costs are $4.25 + $2.00 = $6.25 per unit.
If the company accepts the special order, it will produce and sell an additional 2,000 units.
Total contribution margin from the special order:
= 2,000 units x $7.50 per unit
= $15,000
Since the order would not affect regular sales, the company's total fixed costs will remain the same. Therefore, the increase in monthly profits would be:
Increase in monthly profits = Total contribution margin from the special order - Incremental fixed costs
= $15,000 - ($6.25 x 2,000)
= $2,500.
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Ronald asked his boss how to wax the floors, but he didn’t understand the answer. He should ______.
a.
wax the floors using what he already knows
b.
avoid waxing floors until he sees someone else do it
c.
ask for clarification on how to wax the floors
d.
complain to his boss’ supervisor
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer:
C; ask for clarification on how to wax the floors
Explanation:
Ronald asked his boss how to wax the floors, but he didn’t understand the answer. He should ask for clarification on how to wax the floors. Thus, option 'C' is the correct option.
How does clarification improve communication?Clarification in communication refers to conveying to the speaker the primary idea of what was just spoken, as perceived by the audience. As a consequence, the listener's comprehension is examined, and any discrepancies or misunderstandings are cleared up. Clarifying, as a follow-up to reflecting, reassures the speaker that the listener is making an effort to comprehend the messages they are delivering.
Asking questions or, on rare occasions, summarizing the speaker's remarks might help to clarify. To properly listen to people, we as leaders must ask clarifying questions. Asking for clarification is to elicit more details so that we can completely comprehend the sender's intended message, which is sometimes different from what they actually stated.
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3. Consider the organization you are currently working in and explain this organization from systems characteristics perspectives particularly consider objective, components (at least three) and interrelationships among these components with specific examples.
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The organization i am working is Adelak organization having the objectives of production of software as well as electronic devices,
The organization components are ;
Production Department Marketing and Sales DepartmentSupply Chain and Logistics: What is an organization?An organization is a group of people who cooperate, such as a firm, neighborhood association, charity, or union. The term "organization" can be used to describe a person, a group, a company, or the process of creating or developing anything.
An organization is a group of people who are working together to achieve a common purpose or objective. In other words, one could say that an organization is a setting where individuals get together to carry out various tasks and responsibilities in support of the organization's objectives.
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1982, the total expenditure of the government of Kargenia, a European country, exceeded its revenue by a substantial amount. This forced the government of
argenia to borrow funds to meet its legal obligations. In this scenario, the government of Kargenia incurred a_
in 1982.
a. budget deficit
Ob. debt brake
O c. fiscal drag
O d. revenue backlog
Answers
Answer:
a. budget deficit
Explanation:
In the scenario described, where the total expenditure of the government of Kargenia exceeded its revenue, forcing the government to borrow funds, the term that describes this situation is a "budget deficit."
A budget deficit occurs when a government's total spending exceeds its total revenue or income. To cover the shortfall, the government typically borrows money by issuing debt securities, such as bonds. The budget deficit represents the amount by which the government's expenditures exceed its revenues in a given period, usually a fiscal year.
Windborn Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock.
The following amounts were distributed as dividends:
20Y1 $30,000
20Y2 12,000
20Y3 45,000
Common Stock
(dividends per share)
I cannot figure out Y1 or Y3
Answers
The dividends per share for the common stock in year 1 (Y1) is $0.60 per share, and in year 3 (Y3) is $0.90 per share.
To calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3), we need to determine the total dividends distributed and divide them by the number of common shares outstanding.
Given information:
Cumulative preferred stock: 15,000 shares, 1% dividend
Common stock: 50,000 shares, $30 par value
Dividends distributed:
Y1: $30,000
Y2: $12,000
Y3: $45,000
First, let's calculate the dividends per share for the cumulative preferred stock in each year.
Dividends per share for cumulative preferred stock = (Par value * Dividend rate) / Number of preferred shares
Dividends per share for cumulative preferred stock = ($100 * 1%) / 15,000 shares
Dividends per share for cumulative preferred stock = $1 / 15,000
Dividends per share for cumulative preferred stock = $0.000067 per share
Now, let's calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3).
For Y1:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $30,000 - ($0.000067 * 15,000)
Total dividends for common stock = $30,000 - $1.005
Total dividends for common stock = $29,998.995
Dividends per share for common stock in Y1 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y1 = $29,998.995 / 50,000 shares
Dividends per share for common stock in Y1 = $0.5999799 per share (rounded to $0.60 per share)
For Y3:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $45,000 - ($0.000067 * 15,000)
Total dividends for common stock = $45,000 - $1.005
Total dividends for common stock = $44,998.995
Dividends per share for common stock in Y3 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y3 = $44,998.995 / 50,000 shares
Dividends per share for common stock in Y3 = $0.8999799 per share (rounded to $0.90 per share)
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A means of payment is a way of ___.
settling a debt
buying a money market fund
becoming rich
making a deposit into a bank
trading items with other people
Answers
A means of payment is a way of settling a debt.
Question 3 of 10
A typical point-of-sale display features products that are likely to be
O A. luxury goods
O B. sophisticated electronics
O C. impulse purchases
O D. display samples
SUBMIT
Answers
Answer:
C. impulse purchases
Explanation:
I just took the test
it's c. impulse purchases
What is task performance leader ship?
Answers
The task-relationship model is defined by Forsyth as "a descriptive model of leadership which maintains that most leadership behaviors can be classified as performance maintenance or relationship maintenances." Task-oriented (or task-focused) leadership is a behavioral approach in which the leader focuses
Consider two projects with the following cash flows: Project S is a 4 year project with initial (time 0) cash outflow of 3000 and time 1 through 4 cash inflows of 1500, 1200, 800 and 300 respectively. Project L is a 4 year project with initial (time 0) cash outflow of 3000 and time 1 through 4 cash inflows of 400, 900, 1300, and 1500 respectively. Assuming a 5% cost of capital, determine which project should be chosen if the projects are mutually exclusive.
Answers
Answer:
Project L has higher NPV than Project S, therefore Project L should be selected
Explanation:
Project S:
Year 0 : (3000)
Year 1 : 1500 * 0.952 = 1,428
Year 2 : 1200 * 0.907= 1,088.4
Year 3 : 800 * 0.864= 691.2
Year 4 : 300 * 0.823= 246.9
Total of Cash inflows after discounting: 3,454.5
Net Present Value : 454.5
Project L:
Year 0 : (3000)
Year 1 : 400 * 0.952 =380.8
Year 2 : 900 * 0.907 = 816.3
Year 3 : 1300 * 0.864 = 1,123.2
Year 4 : 1500 * 0.823 = 1,234.5
Total of Cash inflows after discounting: 3,554.8
Net Present Value : 554.8
Preparing your business plan in _______ can result in a better plan.
The introduction should be written _______ so that you can fully convey the most important features.
Your _______ location will be included in your business plan.
Describing your _______ can reveal how well you’ve done your research.
Your mission statement will describe your business _______.
Answers
Preparing your business plan in a structured manner can result in a better plan.
The introduction should be written strategically.
Your physical location will be included in your business plan.
Describing your target market can reveal your research.
Your mission statement will describe your business purpose.
Preparing your business plan in a structured and systematic manner can result in a better plan.
By following a well-defined process and considering key elements, you can ensure that your business plan is comprehensive, well-researched, and effectively communicates your business concept and goals.
The introduction of your business plan should be written strategically and concisely so that you can fully convey the most important features of your business. It should provide a clear overview of your business idea, highlight its unique selling points, and capture the reader's attention.
A well-crafted introduction sets the tone for the rest of the plan and encourages the reader to continue reading with interest.
Your business plan should include your physical or geographical location. This is important for various reasons, such as understanding the local market dynamics, assessing competition, considering logistical factors, and analyzing the potential customer base in your specific area.
Including your location in the plan helps provide context and helps potential investors or stakeholders understand the market landscape in which your business operates.
Describing your target market in your business plan is crucial as it reveals how well you've done your research. A comprehensive analysis of your target market includes identifying your ideal customer profile, understanding their needs and preferences, evaluating market size and potential growth, and assessing competition.
Demonstrating a deep understanding of your target market not only showcases your knowledge but also enhances your credibility and ability to develop effective marketing and sales strategies.
Your mission statement will describe your business's purpose, values, and overall direction. It encapsulates your vision, goals, and the core principles that guide your business decisions and operations.
A well-crafted mission statement communicates your business's identity, its unique value proposition, and the impact it aims to create. It serves as a guiding compass for your business and helps align your team, attract customers, and differentiate your business from competitors.
In summary, preparing your business plan in a structured manner, writing a strategic introduction, including your location, describing your target market thoroughly, and crafting a compelling mission statement are all important elements that contribute to a better business plan.
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Why do diverse teams succeed?
Answers
Answer:
because they're are many different people with different religions, relationships, and backgrounds. having a diverse team opens up many opportunities for the team it's self to learn how to help each other. For example if someone is just new to America and moved from let's say Germany they have more knowledge on the team about international ski teams and what to expect. so the team would succeed by working together with the information they were given.
identify the incorrect statement regarding the former communist nations of europe and asia. the economies of most of the former communist states are very strong and developed many of the former communist nations of europe and asia share a commitment to free market economies as a result of disturbing signs of growing unrest and totalitarian tendencies, the risks involved in doing business in these countries is very high for about half a century these countries were essentially closed to western international business
Answers
A false statement regarding the former communist nations of Europe and Asia is that the economies of most former communist states are very strong and developed. Here option A is the correct answer.
The statement "the economies of most former communist states are very strong and developed" is false. While some former communist states have made significant progress in their transition to market-oriented economies, many have faced significant challenges in achieving economic development and stability.
Many former communist states struggled with structural economic problems, including outdated production facilities and inadequate infrastructure, which have made it difficult for them to compete in the global marketplace.
Additionally, many former communist states experienced high inflation, currency devaluation, and other macroeconomic problems in the early years of their transition, which negatively impacted their economies.
Complete question:
Identify the incorrect statement regarding the former Communist nations of Europe and Asia.
A. The economies of most of the former Communist states are very strong and developed.
B. Many of the former Communist nations of Europe and Asia share a commitment to free market economies.
C. As a result of disturbing signs of growing unrest and totalitarian tendencies, the risks involved in doing business in these countries are very high.
D. For about half a century these countries were essentially closed to Western international business.
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Financial aid letters show your aid and costs of attendance for _____.
Answers
Financial aid letters show your aid and costs of attendance for an academic year.
What is a financial aid letter?This is a letter that a tertiary institution gives to a student to show the cost of their attendance at the college they are currently enrolled in.
The period covered in the letter is the academic year which means that the costs associated with two semesters of attending the university will be shown to the student.
These costs will include things like tuition fees, room and board fees, transportation and other miscellaneous costs.
The letter will also include all the financial aids that the student may receive including federal grants, college grants, state grants, and federal loan options that a person may be eligible for.
In conclusion, financial aid letters show the costs of attendance in an academic year and the aid that comes with it.
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Identify which group of accounts may require adjustments at the end of the accounting period. Multiple choice question. Utilities expense; Cash; Owner, Capital Unearned revenue; Supplies; Prepaid rent Cash; Notes receivable; Land
Answers
Answer:
Unearned revenue; Supplies; Prepaid rent
Explanation:
john's goal in life is to be a millionaire. he has 6980 in his saving account and figures he is likely to earn an 18% rate of return every year. if john consistently makes a $1200 deposit into his savings account every year, how many years would it take for john to have his first 1000000?
Answers
If john consistently makes a $1200 deposit into his savings account every year, The number of years it would take for john to have his first 1000000 is 48.71 years.
Number of payment per period (NPER)We would be making use of financial calculator to determine the number of period by inputting the below data.
PV= -6,980
rate = 18%
pmt = 1200
FV = 1,000,000
NPER=?
Hence:
NPER= 48.71 years.
Therefore If john consistently makes a $1200 deposit into his savings account every year, The number of years it would take for john to have his first 1000000 is 48.71 years.
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You have an investment that will provide $1,000 at the end of each of the next 24 months and
$1,500 at the end of each of the following 24 months (periods 25 through 48). If your opportunity cost of funds is 10%, how much would you pay for this investment (what is the present value)?
Answers
Answer:A. $48,307
Explanation: Did the test.
Homestead Jeans Co. has an annual plant capacity of 65,000 units, and current production is 45,000 units. Monthly fixed costs are $54,000, and variable costs are $29 per unit. The present selling price is $42 per unit. On November 12 of the current year, the company received an offer from Dawkins Company for 18,000 units of the product at $32 each. Dawkins Company will market the units in a foreign country under its own brand name. The additional business is not expected to affect the domestic selling price or quantity of sales of Homestead Jeans Co.
Required:
a. Prepare a differential analysis dated November 12 on whether to reject (Alternative 1) or accept (Alternative 2) the Dawkins order.
b. Briefly explain the reason why accepting this additional business will increase operating income.
c. What is the minimum price per unit that would produce a positive contribution margin?
Answers
Answer:
18000*2
Explanation:
Continuing the analysis of Ginnie's Gym Refreshment Bar:
Hydration Power Drink
Satisfying Smoothie
Bundle Price
Net Profit
Early
7.00
5.00
Late
6.00
10.00
Calculate the bundle prices and net profits. (10pt)
Determine which bundle price will maximize net profit. Show the steps to support the conclusion. (5pt)
Determine the net profit from a tying strategy. Show the steps to support the conclusion. (5pts)
To paste text from a Word document: Copy text while in Word, click in the text box below, and then hold Ctrl and press V (Paste).
Answers
The bundle that is going to maximize profit is going to be Late
How to find the bundle that would maximize profitwe have the net profit from early to be 7 + 5 = 12
We have the net profit from late to 6 + 10 = 16
We can see that the value for late is greater at 16 compared to that of the early.
Hence we can say that late has the greatest profit.
Next we have to solve for the profit that is made. This is the net profit.
The solution is given as 16 - 12 = 4
What is profit maximizationThis is the process where by businesses would try to get the best output possible from the given inputs that they would use in the business. It goal is to be able to maximize the returns that they would make.
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kayla wanted to open her own dress design business. she spent a few hours putting together a marketing plan, then selected an award-winning dress she designed and wore it to the meeting with the bank. the most likely reason she did not receive a loan was blank. she does not have a good idea for a business
she already has all of the capital needed to start
the bank officer does not like her dress
she does not develop a thorough business plan
Answers
kayla probably didn't get a loan since she didn't create a solid business plan. Business Plan: A formal written document outlining the goals of the organisation, how they will be attained, and when they will be completed is known as a business plan.
Which of the following four business plan types are they?
A company strategy comes in four main general categories. Miniplans, working plans, presentation plans, and what-if plans are all examples of extremely concise plans.
Each one requires a considerable amount of labour, albeit not necessarily with results that are much different.
What are the three main goals of a business plan?
A company plan's three most important objectives are to:
1) Create a successful growth plan.
2) Determine your projected financial needs.
3) Attract lenders and investors, such as angel and venture capitalists.
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Material costs of $200,000 and conversion costs of $214,200 were charged to a processing department in the month of September. Materials are added to the beginning of the process while conversion costs are incurred uniformly throughout the process. There were no unit in the beginning working process, 100,000 units were started into production in September and there were 8,000 units in ending working process that were 40% complete at the end of September. What was the total amount of manufacturing costs assigned to the 8,000 units in the ending work in process?
Answers
Answer:
ending WIP : 320,000
transferred out : 1,500,000
Explanation:
About 24% of business owners are under the age of 25.
True
False
Answers
True, I know that because of personal knowledge and I did the paper.