1 answer
Suppose that on April 2, you purchase equipment for $100,000. You are offered credit terms of 3/10, net 30. On April 6, you returned $15,000 worth of the order because it was the wrong color. If you pay on April 28, to the nearest dollar, how much will you have to pay? Do not include $ in your answer.
Suppose that on April 2, you purchase equipment for $100,000. You are offered credit terms of 3/10, net 30. On April 6, you returned $15,000 worth of the order because it was the wrong color. If you pay on April 28, to the nearest dollar, how much will you have to pay? Do not include $ in your answe...
2 answers
During a pandemic, goods and services may become scarce as a result of: A. Unwillingness to purchase goods and services due to fear of contamination. B. Hoarding by the citizens. C. Black market operations. D. Restrictions on travel into and out of affected areas.
During a pandemic, goods and services may become scarce as a result of: A. Unwillingness to purchase goods and services due to fear of contamination. B. Hoarding by the citizens. C. Black market operations. D. Restrictions on travel into and out of affected areas....
2 answers
ABO purchased a truck at the beginning of 2018 for $140,000. They sold the truck at the end of 2019 for $95,000. If the expected useful life of the truck was six years with a residual value of $20,000 and ABO uses straight-line depreciation, which of the following is true regarding the entry to record the sale of the truck? A. Credit Gain $5,000 B. Debit Loss $5,000 C. Credit Accumulated Depreciation $40,000 D. Credit Equipment $100,000
ABO purchased a truck at the beginning of 2018 for $140,000. They sold the truck at the end of 2019 for $95,000. If the expected useful life of the truck was six years with a residual value of $20,000 and ABO uses straight-line depreciation, which of the following is true regarding the entry to reco...
1 answer
Donald Gilmore has $100,000 invested in a 2-stock portfolio. $72,500 is invested in Stock X and the remainder is invested in Stock Y. X's beta is 1.50 and Y's beta is 0.70. What is the portfolio's beta? Select the correct answer.
Donald Gilmore has $100,000 invested in a 2-stock portfolio. $72,500 is invested in Stock X and the remainder is invested in Stock Y. X's beta is 1.50 and Y's beta is 0.70. What is the portfolio's beta? Select the correct answer....
1 answer
Discuss some ways a large insurance company such as allstate, progressive, or state farm might use social media tools such as microblogs or social networking. Do you think these tools are more applicable to a service company than to a manufacturing organization? Discuss.
Discuss some ways a large insurance company such as allstate, progressive, or state farm might use social media tools such as microblogs or social networking. Do you think these tools are more applicable to a service company than to a manufacturing organization? Discuss....
1 answer
Suppose the real risk-free rate is 3.00%, the average expected future inflation rate is 2.60%, and a maturity risk premium of 0.10% per year to maturity applies, i.e., MRP = 0.10%(t), where t is the years to maturity. What rate of return would you expect on a 1-year Treasury security, assuming the pure expectations theory is NOT valid? Disregard cross-product terms, i.e., if averaging is required, use the arithmetic average.
Suppose the real risk-free rate is 3.00%, the average expected future inflation rate is 2.60%, and a maturity risk premium of 0.10% per year to maturity applies, i.e., MRP = 0.10%(t), where t is the years to maturity. What rate of return would you expect on a 1-year Treasury security, assuming the p...
1 answer
David Desgro hired Paul Pack to inspect a house that Desgro wanted to buy. Pack had Desgro sign a standard-form contract that included a twelve-month limit for claims based on the agreement. Pack reported that the house had no major problems, but after Desgro bought it, he discovered issues with the plumbing, insulation, heat pump, and floor support. Thirteen months after the inspection, Desgro filed a suit in a Tennessee state court against Pack. Was Desgro’s complaint filed too late, or was th
David Desgro hired Paul Pack to inspect a house that Desgro wanted to buy. Pack had Desgro sign a standard-form contract that included a twelve-month limit for claims based on the agreement. Pack reported that the house had no major problems, but after Desgro bought it, he discovered issues with the...
1 answer
Grouper Corporation’s management wants to maintain a minimum monthly cash balance of $9,120. At the beginning of September, the cash balance is $13,988, expected cash receipts for September are $110,808, and cash disbursements are expected to be $131,100. How much cash, if any, must Grouper borrow to maintain the desired minimum monthly balance? Determine your answer by using the basic form of the cash budget. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or
Grouper Corporation’s management wants to maintain a minimum monthly cash balance of $9,120. At the beginning of September, the cash balance is $13,988, expected cash receipts for September are $110,808, and cash disbursements are expected to be $131,100. How much cash, if any, must Grouper borrow...
1 answer
According to Henry Mintzberg, the realized strategies of a firm: a.are a combination of deliberate and emergent strategies are decisions determined by both analysis and predicted b.environmental developments, anticipated resource constraints, and/or changes in managerial preferences c.are a combination of deliberate and differentiation strategies d.are decisions determined only by analysis
According to Henry Mintzberg, the realized strategies of a firm: a.are a combination of deliberate and emergent strategies are decisions determined by both analysis and predicted b.environmental developments, anticipated resource constraints, and/or changes in managerial preferences c.are a combinat...
1 answer
Cullumber Co. leased equipment to Union Co. on July 1, 2021, and properly recorded the sales-type lease at $131,000, the present value of the lease payments discounted at 10%. The first of eight annual lease payments of $19,600 due at the beginning of each year of the lease term was received and recorded on July 1, 2021. Cullumber had purchased the equipment for $120,000. What amount of interest revenue from the lease should Cullumber report in its December 2021 income statement
Cullumber Co. leased equipment to Union Co. on July 1, 2021, and properly recorded the sales-type lease at $131,000, the present value of the lease payments discounted at 10%. The first of eight annual lease payments of $19,600 due at the beginning of each year of the lease term was received and rec...
1 answer
Jane earned a lot of money from her money market funds even though the economy was struggling. Her financial adviser made the decisions of where to invest her money. internal external
Jane earned a lot of money from her money market funds even though the economy was
struggling. Her financial adviser made the decisions of where to invest her money.
internal
external...
1 answer
There is low interdependence, performance ambiguity, and costs of control in firms pursuing Multiple Choice a localization strategy. a transnational strategy. an international strategy. a global strategy.
There is low interdependence, performance ambiguity, and costs of control in firms pursuing Multiple Choice a localization strategy. a transnational strategy. an international strategy. a global strategy....
1 answer
What strategy is often followed when access to the market is limited by high tariffs or non-tariff barriers, when shipping costs are prohibitive, or when the exporter is not interested in pursuing the market?
What strategy is often followed when access to the market is limited by high tariffs or non-tariff barriers, when shipping costs are prohibitive, or when the exporter is not interested in pursuing the market?...
1 answer
Intel achieved success by using the "Intel Inside" advertising campaign and logo that appears on many brands of PCs. This is an example of a barrier to entry classified as:
Intel achieved success by using the "Intel Inside" advertising campaign and logo that appears on many brands of PCs. This is an example of a barrier to entry classified as:...
2 answers
What are blueprints? OA. Plans for buildings, machines or other items. OB. Computer programs. O C. Laboratory equipment. OD. Instructions for employees. Rese
What are blueprints?
OA.
Plans for buildings, machines or other items.
OB.
Computer programs.
O C. Laboratory equipment.
OD.
Instructions for employees.
Rese...
1 answer
Banks are a stabilizing force in our entire financial system. Discuss two of the three primary function of the banking system.
Banks are a stabilizing force in our entire financial system. Discuss two of the three primary function of the banking system....
1 answer
Westerville Company reported the following results from last year’s operations: Sales $1,800,000 Variable expenses 435,000 Contribution margin 1,365,000 Fixed expenses 1,005,000 Net operating income $360,000 Average operating assets $1,200,000
Westerville Company reported the following results from last year’s operations:
Sales $1,800,000
Variable expenses 435,000
Contribution margin 1,365,000 ...
1 answer
A Quality Analyst wants to construct a sample mean chart for controlling a packaging process. He knows from past experience that whenever this process is under control, package weight is normally distributed with a mean of twenty ounces and a standard deviation of two ounces. Each day last week, he randomly selected four packages and weighed each: Day Weight (ounces) Monday 23 22 23 24 Tuesday
A Quality Analyst wants to construct a sample mean chart for controlling a packaging process. He knows from past experience that whenever this process is under control, package weight is normally distributed with a mean of twenty ounces and a standard deviation of two ounces. Each day last week, he ...
1 answer
Julie Convenience Store sold merchandise for cash to a customer, and recorded a debit to Cash for $371, which included a 6% Sales tax. In the same transaction, they must also: A) credit Sales Revenue for 300 B) credit Sales Tax Payable for $22.26 C) credit Sales Tax Payable for $21 D) credit Sales Revenue for $371 E) credit Sales Revenue for $393.26
Julie Convenience Store sold merchandise for cash to a customer, and recorded a debit to Cash for $371, which included a 6% Sales tax. In the same transaction, they must also: A) credit Sales Revenue for 300 B) credit Sales Tax Payable for $22.26 C) credit Sales Tax Payable for $21 D) credit Sales R...