Because financial planning usually takes place in a highly uncertain environment,a. it is rarely worth the time and expense.b. time horizons should be limited to a few months.c. it is important to develop contingency plans to respond to unexpected events.
Identify the Microsoft existing objectives and strategies.Explain one (1) strategy that the Microsoft might use to take advantage of an external opportunity, and one (1) strategy that the Microsoft might use to address apotential threat.PLease add your source or reference from where information came from
You have a budget of $100 as part of your income allocated for two goods,X1 and X2. Assume that X1 represents clean healthy water that you have to buy to drink. Thewater is measured by cubic meter in volume and costs $20 per cubic meter. Assume that X2 represents the air that you have to breath to survive and is measured in cubicmeter too. However the air you breath is free.Graph the budget line and label A1.Given that the price of water drops to $10 per cubic meter and your budget isincreased to $150, draw the new budget line on the same graph and label A2.
St. Charles Hospital, located in an upper-income neighborhood of a large city, recently received a restored mansion as a gift from an appreciative patient. The boardof directors decided to remodel the mansion and use it as recuperative quarters for patients willing to pay a premium for luxurious accommodations. The cost to thehospital of using the mansion includesa. nothing because it was a gift.b. how much the hospital pays for upkeep--taxes, insurance, utilities, maintenance, etc.c. how much the hospital would receive if it rented or sold the mansion.d. both b and cis it B?
Old country Links Inc. produces sauages in three production departments - Mixng, casing and curing, and packaging. In the mixing department meats are prepared andground and then mixed with spices meat mixture is then transfered to the casing and curing department, where the mixture is force-fed into casings and then hungand cured in climate-controlled smoking chambers. In the Packageing Department, the cured sausages are sorted, packed, and labeled. The company uses theweighted-average method in its process costing system. Data for September for the casing ad caring department follows.Percent completedunitmixing materials conversionWork in progress inventory , September 11100%90%80%Work in progress inventory , September301100%80%70%Mixing Materials conversionWork in progress inventory , September 1$1,670$90$605Cost added during ,September$81,460$6,006 $42490Mixing cost represents the cost spiced meat mixture transferred in from the Mixing department . The spiced meat mixture is processed in the casting and curingdepartment batches : each unit in the above able table is a batch and one batch of spiced meat mixture produces set amount of sausages that are passed on to thePackage Department. During September, 50 batches (i.e. units) were completed and transferred to the packaging department.Required:1. Determine the equivalent units for September for mixing, materials, and conversion. Do not round off your computations.2. Compute the cost per equivalent unit for September for mixing, materials, and conversion.3. Determine the total cost of ending work in progress inventory and the total cost if units transferred to the Packaging Department in September.4. Prepare a cost reconciliation report for the casing and curing department for September.
Marion, Inc. has 5,000 shares of 5%, $100 par value, noncumulative preferred stock and 20,000 shares of $1 par value common stock outstanding at December 31, 2012.There were no dividends declared in 2011. The board of directors declares and pays a $55,000 dividend in 2012. What is the amount of dividends received by the commonstockholders in 2012?
Asahi Kasei Corporation has sales nearly the equivalent of $9 billion U.S. dollars. The company included the following in its balance sheet (yen in millions):Property,plant &equipment, net of accumulated depreciation(Notes 8 &9)Buildings ¥ 158,424Machinery &Equipment 156,156Land 63,150Construction in progress 22,089Other 15,374Total property, plant, and equipment ¥ 415,193Footnote 8 contains the following:Accumulated depreciation comprises the following (yen in millions):Buildings ¥ 216,865Machinery &Equipment 875,757Other 86,795Total accumulated depreciation ¥ 1,179.417Footnote 2 says: “Depreciation is provided under the declining-balance method for property, plant, and equipment, except for buildings which are depreciated using thestraight-line method, at rates based on estimated useful lives of the assets, principally, ranging from five years up to sixty years for buildings and from four yearsup to twenty-two years for machinery and equipment.”1.Compute the original acquisition cost of each of the five categories of assets listed under property, plant, and equipment.
The production department in a process manufacturing system completed 191,500 units of product and transferred them to finished goods during a recent period. Of theseunits, 31,500 were in process at the beginning of the period. The other 160,000 units were started and completed during the period. At period-end, 29,500 units were inprocess. Compute the department’s equivalent units of production with respect to direct materials under each of three separate assumptions:1. All direct materials are added to products when processing beings.2. Direct materials are added to products evenly throughout the process. Beginning goods inprocess inventory was 40% complete and ending goods in process inventory was 75% complete.3. One-half of direct materials is added to products when the process begins and the other half isadded when the process is 75% complete as to direct labor. Beginning goods in process inventory is 40% complete as to direct labor, and ending goods in processinventory is 60% complete as to direct labor.
Assume the point elasticity method. 3. If the price increases by 20 percent and the quantity supplied increases by 40 percent, what does the elasticity of supplyequal?
Frank, a widower, had a serious stroke and is no longer capable of caring for himself. He has three sons, all of whom live in different states. Because they are unableto care for Frank in their homes, his sons have placed him in a nursing home equipped to provide medical and nursing care. Total nursing home expenses amount to $36000per year. Of this amount $15000 is directly attributable to medical and nursing care. Frank’s Social Security benefits are used to pay for $10000 of the nursing homecharges. He has no other income. His sons plan to split the remaining medical expenses equally.Can you provide Frank’s sons with a tax planning idea for maximizing the deduction for his medical expenses
For Contreras Company, sales is $1,000,000, fixed expenses are $300,000, and the contribution margin per unit is $72. What is the break-even point?A) $416,667 sales dollarsB) 13,889 unitsC) 4,167 unitsD) $1,388,889 sales dollars
Which stock is riskier for a diversified investor?A. For diversified investors the relevant risk is measured by beta. Therefore, the stock with the higher beta is less risky. Stock Y has the higher beta so it is lessrisky than Stock X.B. For diversified investors the relevant risk is measured by beta. Therefore, the stock with the higher beta is more risky. Stock Y has the higher beta so it is morerisky than Stock X.C. For diversified investors the relevant risk is measured by standard deviation of expected returns. Therefore, the stock with the higher standard deviation ofexpected returns is more risky. Stock X has the higher standard deviation so it is more risky than Stock Y.D. For diversified investors the relevant risk is measured by beta. Therefore, the stock with the lower beta is more risky. Stock X has the lower beta so it is morerisky than Stock Y.E. For diversified investors the relevant risk is measured by standard deviation of expected returns. Therefore, the stock with the lower standard deviation ofexpected returns is more risky. Stock Y has the lower standard deviation so it is more risky than Stock X.
Southern Alliance Company needs to raise $45 million to start a new project and will raise the money by selling new bonds. The company willgenerate no internal equity for the foreseeable future. The company has a target capital structure of 65 percent common stock, 5 percent preferredstock, and 30 percent debt. Flotation costs for issuing new common stock are 9 percent, for new preferred stock, 6 percent, and for new debt, 3percent. The true initial cost figure Southern should use when evaluating its project is $.(Do not include the dollar sign ($). Do not round the weighted averagefloatation cost. Round your answer to the nearest whole dollar amount. (e.g., 32))
Sandoval County issued AA-rated bonds at the net interest cost of6.85 percent. If annual interest payments promised on these bonds amount to $12.75 million, what wasthe principal amount of municipal bonds issued by Sandoval County?
!.) The transfer price approach that will result in the largest contribution margin to the buying division is the:a. negotiated price approach.b. market-based approach.c. time-and-material pricing approach.d. cost-based approach.2.) A revenue that differs between alternatives and makes a difference in decision-making is called a(n):a. irrelevant revenue.b. incremental revenue.c. unavoidable revenue.3.) Target cost is comprised of:a. variable manufacturing and selling and administrative costs only.b. variable and fixed manufacturing costs only.c. total manufacturing and selling and administrative costs.d. fixed manufacturing and selling and administrative costs only.
Question 241.Which of the following items is disclosed in a statement of retained earnings?AnswerA. Retained earnings balance at the beginning of the periodB. Common stock issued during the periodC. Treasury shares sold during the periodD. Paid-in capital balance at the beginning of the periodE. None of the above
Sometimes it is convenient to think about the consumer’s problem in its “dual” form. This alternative approach asks how a person could achieve a given target level ofutility at minimal cost.Develop a graphical argument to show that this approach will yield the same choices for this consumer as would the utility-maximization approach.
1) u'(x) >02)u"(x) <03) u'(0)=+∞4)constant population and Money supply growth5)Money supply fixed (as distinct from constabt growth)6)no technology change7) homogenity withen generation8) social planner all knowing and benevolent .Explain the implications of these asumptions
Steel Specialties has been in business for 52 years. Thecompany maintains a perpetual inventory system, uses a LIFO flowassumption, and ends its fiscal year atDecember 31. At the yearend, the cost of goods sold and inventory are adjusted to reflectperiodic LIFO costing procedures.A railroad strike has delayed the arrival of purchases orderedduring the past several months of 2001, and Steel Specialties hasnot been able to replenish itsinventories as merchandise is sold.At December 22, 2006 one product appears in thecompany’s perpetual inventory records at the following unitcosts:PurchaseDateQuantityUnitCostTotalCostNov.14,19543,000Rs.6Rs.18,000Apr.12,19552,000816,000Available for sale atDec.22,5,000Rs.34,0002001Steel Specialties has another 8,000 units of this product onorder at the current wholesale cost of Rs. 30 per unit. Due to therailroad strike, however, theseunits have not yet arrived (theterms of purchase are F.O.B. destination). Steel Specialties alsohas been an order from a customer who wants to purchase 4,000unitsof this product at the retail sales price of Rs. 45 per unit. SteelSpecialties intends to make this sale on December 30, regardless ofwhether the 8,000units or order arrive by this date. (The 4,000unit sale will be shipped by truck, F.O.B. shipping point.)Requirements:a)Are the units in inventory really almost 50 years old?Explain.b)Prepare a schedule showing the sales revenue, cost ofgoods sold, and gross profitthat will result from this sale onDecember 30, assuming that the 80,000 unitscurrently on order (1) arrive beforeyear ends and (2) do not arrive until sometime in the following year. In eachcomputation, show the number of unitscomprising the cost of goods soldand their related per unit costs.c)Comment on the results obtained in the part (b).d)Management should delay this sale by a few days or not?Explain the reasons foryour answer.
Consider two identical jobs, with some jobs located in LA and others located inSan Francisco. Everyone prefers working in LA, of course, but the degree ofthis preference varies across people, with their reservation prices distributeduniformly from $0 to $5. Thus, if the San Francisco wage is $2 more than the LA wage, then 40 percent (or two-fifths) of the worker population will choose to work inSan Francisco. Labor supply is perfectly inelastic, but firms compete for labor. There are a total of 25,000 workers to be distributed between the two cities.Demandfor labor in both locations is described by the following inverse labor demandfunctions: LA -> w = 20 - 0.0024E and San Francisco -> w = 20 - 0.0004E . Solve for the labor market equilibrium by finding the number of workers employed inboth cities, the wage paid in both cities, and the equilibrium wage differential.