BUSINESS COLLEGE

A company marketing team identifies a small group of consumers who fit the profile of the typical customer. The team observes, gathers survey information from, or hangs out with these typical customers to gain insight into how the customers make product choices in order to design a future more rigorous study. The data collection method used in this example is ________.

Answers

Answer 1
Answer: The data collection method in that example is a focus group.

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The overhead controllable variance is the difference between a. the actual overhead and the overhead applied to production.
b. actual overhead and budgeted overhead based on standard hours allowed.
c. budgeted overhead based on standard hours allowed and budgeted overhead based on actual hours worked.
d. budgeted overhead based on standard hours allowed and the overhead applied to production.

Answers

Answer: Between actual overhead and budgeted overhead based on standard hours allowed---- B

ExplanatioN:  The controllable variance is  defined as the difference between actual expenses or overhead incurred and the budget  overhead allowance based on standard hours allowed for work done. The variance is unfavorable controllable variance  If the actual  overhead is greater  than the budgeted overhead based on standard hours allowed for work done and is termed favorable controllable variance if the opposite occurs ie actual overhead being less than budgeted overhead based on standard hours allowed for work to be done.

A firm has the following accounts and financial data for​ 2017: Sales Revenue ​$3,060 Accounts Receivable ​$500 Interest Expense ​$146 Total Operating Expenses ​$600 Cost of Goods Sold ​$1,800 Preferred Stock Dividends ​$28 Accounts Payable ​$240 Inventory ​$200 Number of Common Shares Outstanding ​1,000 Tax Rate ​40% The​ firm's earnings per share for 2017 is​ ________.

Answers

Answer:

$280

Explanation:

Given that Sales = $3,060

Minus: Cost of goods sold = $1,800

Gross Profit = $1,260

Minus: Operating expenses is = $600

Thus Operating profit is = $660

Minus: Interest = $146

Profit before tax = $514

Tax at 40% = $514 * 0.4 = $206

Net income (Income after-tax) = $308

Minus: Preferred stock dividend = $28

Earnings available to common stockholders = $280

Hence, in this situation, the correct answer is $280 per share

Mandalay Resorts had revenue of $2,462, income from continuing operation of $53, provision for income tax of $40, interest expense of $230, & depreciation & amortization of $216 (all in millions). Mandalay had EBIT (in millions) of: a. $539 b. $323 c. -$217 d. $1,923

Answers

Answer:

The correct answer is D

Explanation:

The formula to compute the EBIT (Earnings before Interest and Tax) is as:

EBIT (Earnings before Interest and Tax) = Revenue - Provision for income tax - amortization and depreciation - Interest expense - income from continuing operation

where

Revenue is $2,462

Depreciation and amortization is $216

Provision for income tax is $40

Income from continuing operation is $53

Interest expense is $230

Putting the values above:

EBIT = $2,462 - $216 - $230 - $53 - $40

EBIT = $1,923

Scott turner has a bond with 10 years to maturity, a face value of $1,000, an 8% interest rate, and a market price of $800. what is the yield-to-maturity on this bond?

Answers

The yield to maturity, YTM, is the total return you could get from the bond if you keep the bond until it matures. 

To solve:
Yield to maturity = {($1,000 x 0.08) + [($1,000 - $800/10]}/[($800 + $1,000)/2]
Yield to maturity = 11.11%

CoolBreeze Manufacturing produces a single product, a tabletop fan. They reported the following information from their operations last period:___________. Cost of Direct Materials used in production: $50,000
Cost of Direct Labor wages: $37,500
Variable Manufacturing Overhead: $25,000
Fixed Manufacturing Overhead: $125,000
Total units produced: 10,000
Under absorption costing what was the per-unit cost of the units produced?
a. None of the above
b. $23.75
c. $12.50
d. $11.25
e. $8.75

Answers

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Cost of Direct Materials used in production: $50,000

Cost of Direct Labor wages: $37,500

Variable Manufacturing Overhead: $25,000

Fixed Manufacturing Overhead: $125,000

Total units produced: 10,000

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

First, we need to calculate the total cost:

Total cost= 50,000 + 37,500 + 25,000 + 125,000

Total cost= $237,500

Now, the unitary cost:

Unitary cost= 237,500/10,000= $23.75

Delaney takes out a $500,000 loan to open a new bar. He will repay the loan in 200 monthly installments, beginning 1 month from now. If he pays equal amounts of principal every month, what will be his third payment

Answers

Answer:

the question is incomplete, since you need an APR rate. I looked for similar question and the effective interest rate was 15%:

Delaney will pay $500,000 / 200 = $2,500 in principal every month.

  1. His first payment will be = ($500,000 x 15% x 1/12) + $2,500 = $6,250 + $2,500 = $8,750
  2. His second payment will be = ($497,500 x 15% x 1/12) + $2,500 = $6,218.75 + $2,500 = $8,718.75
  3. His third payment will be = ($495,000 x 15% x 1/12) + $2,500 = $6,187.50 + $2,500 = $8,687.50
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