Answers
The given statement is true.
What is accord and satisfaction?Settlements and Settlements are legal agreements in which two parties agree to enforce a claim in tort, contract or other liability for an amount under different terms than the original amount of the contract or claim. Settlements and satisfactions are also used to resolve legal claims before they go to court.
A contract is an agreement to the new terms of a contract and performance is the performance of those terms in accordance with the contract. Once settlement and satisfaction has been reached and performance (or satisfaction) has been exercised, all prior claims relating to the matter shall be forfeited.
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Related Questions
1. From the given McDonald Prosperity case study, explain McDonald’s marketing strategy to increase the consumer attitude and respond to different cultural market segment (5 marks) 2. What other marketing strategy could McDonald introduce from the Chinese New Year Celebration? Please suggest and explain ONE strategy. (15 marks) 3. If McDonald to introduce the Prosperity Burger to western market such as the United State or European country(s), what would be the focus of their strategy – considering the demographic of the western market? Provide your point and justification. (10 marks).
Answers
Answer: the McDonald Prosperity Burger Strategy: Cultural Adaptation, Attitude towards brand and advertisement Culture is one of the main cause of consumer’s wants and behavior. Each cultures have subcultures such as nationalities, religion, racial group, geographic religions and so on. McDonald’s tried to localize their food menu by designing new product according to different cultures and understood consumer buying behaviour. McDonald’s carefully standardized food items according to local tradition and culture. For example, In middle east Arab countries, McDonald’s consumer can get McArabia (grilled halal chicken with Arabic spices and bread), New menu for Vegetarian in India as some people don’t consume meat, in addition to this they avoided beef as cow is sacred in Hinduism i.e majority religion in India, Shogun Burgers in Hong Kong (Teriyaki pork), McShawarmas in Israel (Kosher meat), Bubur Ayam McDs in Malaysia (chicken porridge), McPaltas in Chile (a burger with avocado paste), Bulgogi Burgers in South Korea (thinly sliced meat in bulgogi marinade). McDonald’s marketing and advertising strategy were different for different regions. Their advertisement reflected different culture, subculture, racial group and social class. Also, regular and repeated exposure of an advertisement brings about a familiarity and positive feeling about the brand. Another important element in culture that might have significant impact to marketing strategy is cultural celebration such as Chinese New Year celebration. McDonald has introduce product and advertisement in particular to the celebration.
Explanation:
In the prepare phase of your analysis, you described the data sources you used. According to the Case Study Roadmap, this description should include where the data is located and how it is organized. It should also consider issues with bias or credibility, problems with the data, and how you verified its integrity. Finally, your description should explain how the data helped you answer your questions. Take a moment to review your description now. What steps could you take to make it even more descriptive? 1 point
Answers
To make the description of the data sources in the prepare phase more descriptive, you can consider the following steps:
Specify the location of the dataDetail the organization of the dataAddress bias and credibilitySome steps to make the data sources more descriptiveSpecify the location of the data: Provide specific information about the sources of the data, such as the name of the database, website, or organization where the data was obtained. If applicable, mention any specific datasets or files used.
Detail the organization of the data: Describe how the data is structured or organized, whether it is in a tabular format, spreadsheets, databases, or any other specific format. Mention the variables or fields present in the data and how they are arranged.
Address bias and credibility issues: Discuss any potential biases or credibility concerns associated with the data sources. Consider the source's reputation, the methodology used to collect the data, and any known limitations or biases in the data collection process.
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Claire and Evelyn have an argument over the timing of the charity event at an orphanage organized by their manager. Claire wants the timing to be 8:00 am while Evelyn wants the timing to be 9:00 am as the place is a bit far from her home. The manager intervenes and asks them to understand each other’s concern. They finally agree to the solution that the timing for the event could be 8:30 am and the manager would pick both of them from convenient spots. Which method of conflict resolution does the situation reflect?
MULTIPLE CHOICE
A.
competing
B.
avoidance
C.
collaboration
D.
smoothing over the problem
E.
compromise
Answers
The method of conflict resolution that the situation reflects is compromise. In compromise, both parties give up something in order to reach a mutually agreeable solution. In this case, Claire and Evelyn both gave up their preferred timing in order to arrive at a compromise of 8:30 am. The manager also played a role in the compromise by offering to pick both of them up from convenient spots.
The other options are not correct. Competing is a conflict resolution method in which one party tries to get their way at the expense of the other party. Avoidance is a conflict resolution method in which one party tries to avoid dealing with the conflict altogether. Collaboration is a conflict resolution method in which both parties work together to find a solution that meets the needs of both parties. Smoothing over the problem is a conflict resolution method in which one party tries to make the other party feel better about the conflict, even if the problem is not actually resolved.
What are some common objections to free trade?
Balance of trade, Olympic gold medal wins, military prowess
Infant industry, foreign wages too low, type of government, number of Super Bowl victories
Comparative advantage, comparative wages, access to the Internet
Predatory pricing, dumping, unfair trade practices, cultural homogeneity
Answers
Answer:
Firstly, free trade is criticised due to its perceived disadvantages to local producers. The concept of free trade promotes open competition without barriers on a global scale. Thus, companies from abroad with a competitive solid edge may pose a severe threat to local businesses' revenues.
Explanation:
Which of the following will not cause the demand for the product k to change if it is inelastic
Answers
Option C, a change in the price of product K, is what is being demanded.
What could not alter consumer demand for a given good?The demand curve remains unchanged when a good's price changes.The amount of an item that is requested will fluctuate in response to changes in price, but the demand curve will shift as a result of changes in demand for related commodities (complements and substitutes).Demand is unaffected by the growth of capital goods.The demand curve is unaffected by the product's price.The price of an item or service determines the quantity that is required. The demand curve will move up to a lower quantity demanded, for instance, if the price rises.The complete question is,
The demand for product K won't alter as a result of which of the following?
A change in the cost of a close equivalent J B rise in consumer income
C) a shift in K's pricing
D) an adjustment to consumer preferences
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Which reasons can be fixed by having a money plan?
Answers
Answer:
The given question relates to budgeting. In simple words, budgeting helps one to set up a saving schedule for thier finances, it means that people still have sufficient funds for the items they need and activities which are valuable to them. The expenditure or savings strategy will either keep you free of trouble or assist you get this out of debt if you're already in debt.
PLEASE HELP QUICK!! What type of strategy is being used by a car rental agency when it describes itself as the only rental company with a door-to-door service to emphasize that the company will deliver cars to customers at their own homes or place of business?
Market penetration
Target differentiation
Positioning
Market segmentation
Sales promotion
Answers
There are different kinds of marketing strategy. Sales promotion is a type of strategy is being used by a car rental agency when it describes itself as the only rental company with a door-to-door service.
What is door-to-door promotion? Door-to-door is known as a type of technique that is often used for sales, marketing, advertising, etc. This boast the sales of a product or services such as cars.Tis is when a person or persons walk from the door of one house to the door of another, so as to sell or advertise a product. In the case of the car company, they deliver at home for ease to their customer and drives sales upward.
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Which situations result in an increase in the national dept?
An increase in intergovernmental debt
A surplus in the federal budget
Answers
The increase in intergovernmental debt is a situation that always result to an increase in the national debt.
What is a national debt?A national debt refers to the total sum of debts owed by the government of a nation.
Other situation that contribute to the high national debt include:
federal budget deficitsborrowing from the Social Security Trust Fundlow interest rates promoting increased investmentraised debt ceilings etc.Therefore, the Option A is correct
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_____ allow job seekers to search several different sources at the same time. Indeed.com and Jobs2Careers.com are both examples of this type of Web site.
Job board Web sites
Meta job search engine Web sites
Corporate career center Web sites
Industry-specific Web sites
Answers
Answer:
I think the answer is job board websites
Explanation:
Answer:
Meta job search engine Web sites
Explanation:
I looked up each one of the possible answer's and Meta job search engine web sites makes the most amount of sense. I guess Job board web sites when I took the quiz and got it wrong so I know for sure that it isn't that one.
Credits Group of answer choices decrease both assets and liabilities. decrease assets and increase liabilities. increase both assets and liabilities. increase assets and decrease liabilities.
Answers
Answer:
decrease assets and increase liabilities
Explanation:
Credits is commonly known to cause an increase in liability, equity, and revenue accounts and also lead to a decrease of/in asset and expense accounts. It is the right side of an account. Credits decrease assets and increase liabilities is a true statement of account.
A car owner pays for new brakes that cost $756. 25, with a credit card that has an annual rate of 24. 5%. Determine the total amount paid, if the car owner pays $100 a month, until the balance is paid off. A spreadsheet was used to calculate the correct answer. Your answer may vary slightly depending on the technology used.
Answers
Answer: The car owner will pay a total of $1750 for the new brakes.
Explanation: To determine the total amount paid, we need to calculate the interest that will accrue on the credit card balance and add it to the cost of the brakes.
First, we need to calculate the monthly interest rate by dividing the annual rate by 12:
24.5% / 12 = 0.02042
Next, we can use a formula to calculate the monthly payment required to pay off the balance in a certain number of months:
\(P = \frac{r(PV)}{(1 - (1 + r))^{-n} }\)
Where:
P = Monthly payment
r = Monthly interest rate
PV = Present value of the loan (cost of brakes)
n = Number of payments (unknown)
We can solve for n by substituting the given values and the monthly payment ($100) into the formula and using a spreadsheet or calculator to find the value of n that makes the equation true.
After doing this calculation, we find that the car owner will need to make 9 monthly payments of $100 to pay off the balance.
To calculate the total interest paid, we can use the following formula:
Total Interest = Total Payments - PV
Where PV is the present value of the loan (cost of brakes).
Plugging in the numbers, we get:
Total Interest = (9 x $100) - $756.25 = $93.75
Therefore, the total amount paid by the car owner is:
$756.25 (cost of brakes) + $93.75 (total interest) + $900 (9 months of $100 payments) = $1750
So the car owner will pay a total of $1750 for the new brakes.
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In X1, Adam and Jason formed ABC, LLC, a car dealership in Kansas City. In X2, Adam and Jason realized they needed an advertising expert to assist in their business. Thus, the two members offered Cory, a marketing expert, a one-third capital interest in their partnership for contributing his expert services. Cory agreed to this arrangement and received his capital interest in X2. If the value of the LLC's capital equals $180,000 when Cory receives his one-third capital interest, which of the following tax consequences does not occur in X2?A. Cory reports $60,000 of ordinary income in X2.B. Adam, Jason, and Cory receive an ordinary deduction of $20,000 in X2.C. Adam and Jason receive an ordinary deduction of $30,000 in X2.D. Cory reports $60,000 of ordinary income in X2, and Adam and Jason receive an ordinary deduction of $30,000 in X2.
Answers
Answer: B. Adam, Jason, and Cory receive an ordinary deduction of $20,000 in X2.
Explanation:
Based on the information given, since the value of the LLC's capital equals $180,000 after Cory receives his one-third capital interest, Cory will report (⅓ × $180000) = $60,000 of ordinary income in X2.
Also, Adam and Jason will receive an ordinary deduction of $30,000 in X2. The sentence that "Adam, Jason, and Cory receive an ordinary deduction of $20,000 in X2" is wrong. They do not get sane amount as Cory gets a higher amount.
Two-thirds of the work related to $12,000 of cash received in advance was
performed this period.
Answers
Two-thirds of the work associated to $12,000 of cash received in advance performed the period include debit unearned fee revenue and credit fee revenue 8000. Fees revenue [12000*2/3 = 8000 (as services provided in the year)]
Is fee revenue an asset?Service revenue is not considered an asset for financial accounting purposes. By accounting definition, a current asset (such as accounts receivable) is an asset that will bring economic value within one year.
Is fee revenue a debit or credit?For revenue accounts, more debits decrease the balance. This is because revenue is posted as a debit to the bank (or accounts receivable) account and posted as a credit to the revenue account. As your credit increases, your revenue account balance increases.
Are fees a revenue or expense?The earned commission is a revenue account that appears in the revenue section at the top of your income statement. Includes fee income generated during the reporting period.
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Ball writes to Sullivan and inquires how much Sullivan is asking for a specific forty-acre tract of land Sullivan owns. Ball then receives a letter from Sullivan stating, "I will not take less than $60,000 for the forty-acre tract as specified." Ball immediately sends Sullivan a fax stating, "I accept your offer for $60,000 for the forty-acre tract as specified." Can Ball hold Sullivan to a contract for sale of the land? Why or Why not? Explain.
( 200 WORD COUNT PLS HELP!)
Answers
According to the given case, there is no contract. For an offer to exist, the offeror must show a definite intention to make and be bound by the offer.
What do you mean by contract for sale?A contract for the selling of products is one in which the seller sells the buyer the property in the goods in exchange for payment. Between two co-owners, there might be a contract of exchange.
A contract of sale, sales contract, sales order, or contract for sale is a written agreement between a customer (or purchaser) and a seller (or vendor) for the acquisition of assets (goods or property), at an agreed-upon price in money (or money equivalent).
Therefore, according to the given case, there is no contract. For an offer to exist, the offeror must show a definite intention to make and be bound by the offer. Invitations to trade or negotiate or mere statements of intentions to enter into a contract upon further bargaining do not constitute offers but are instead preliminary negotiations.
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Employees who are paid biweekly will receive two more checks than
employees who are paid semimonthly
True or False
Answers
what are 2 different types of budgets and discuss how they complement each other?
Answers
There are two main types of budgets: operational budgets and financial budgets.
Operational budgets are used to plan and monitor the day-to-day operations of a business, and typically cover a period of one year. These budgets include items such as revenue projections, production costs, and operating expenses. Operational budgets are crucial for ensuring that a business stays on track and meets its operational goals. Financial budgets, on the other hand, are focused on the long-term financial health of a business. They include items such as capital expenditures, financing costs, and cash flow projections. Financial budgets are used to help businesses plan for the future and make strategic decisions about investments and growth. These two types of budgets complement each other by providing a comprehensive view of a business's operations and financial health. Operational budgets help to ensure that day-to-day activities are aligned with the overall goals of the business, while financial budgets provide a roadmap for achieving long-term success. By using both types of budgets, businesses can make informed decisions about resource allocation, identify potential risks, and maintain a strong financial position over the long term.
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For each statement about Direct Competition and Indirect Competition,
choose True or False.
Indirect Competition is a
business whose services are
different from yours but
satisfy the same need.
All Companies that sell
goods and services are
Indirect Competitors.
When your target audience
buys products from a
competitor instead from
you, that is Indirect
Competition.
Direct Competition is a
company that offers
the same thing you
offer.
1. True
2. False
Answers
Answer:
Explanation:
1) Indirect Competition is a business whose services are different from yours but satisfy the same need.
True
2) All Companies that sell goods and services are Indirect Competitors.
False
3) When your target audience buys products from a competitor instead from you, that is Indirect Competition.
False
4) Direct Competition is a company that offers the same thing you offer.
True
Fickel Company has two manufacturing departments—Assembly and Testing & Packaging. The predetermined overhead rates in Assembly and Testing & Packaging are $19.00 per direct labor-hour and $15.00 per direct labor-hour, respectively. The company’s direct labor wage rate is $21.00 per hour. The following information pertains to Job N-60: Assembly Testing & Packaging Direct materials $ 375 $ 39 Direct labor $ 168 $ 84 Required: 1. What is the total manufacturing cost assigned to Job N-60? (Do not round intermediate calculations.) 2. If Job N-60 consists of 10 units, what is the unit product cost for this job?
Answers
The total manufacturing cost assigned to Job N-60 is $ 696. If Job N-60 consists of 10 units, the unit product cost for this job is $111.00.
How to find the manufacturing costs ?Direct materials (Assembly + Testing & Packaging) = $375 + $39
= $414
Direct labor (Assembly + Testing & Packaging) = $168 + $84
= $252
Overhead applied (Assembly + Testing & Packaging) = $19 * 168 + $15 * 84 = $316 + $126
= $442
Total manufacturing cost = $414 + $252 + $442
= $1110
Unit product cost = Total manufacturing cost / Number of units
= $1110 / 10
= $111.00
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Problem 8, MacroSoft Inc. has capitalized $600,000 of software costs. Sales from this product were $360,000 in the first year. MacroSoft estimates additional revenues of $840,000 over the product’s economic life of 5 years.
Instructions
Prepare the journal entry to record software cost amortization for the first year. Show all computations.
Answers
Journal Entry:
Date: [First year-end date]
The amortization expense for the first year is $120,000.
Debit: Amortization Expense - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Credit: Accumulated Amortization - Software Cost - Year 1 ($600,000 / 5 years) = $120,000Explanation:To record the software cost amortization for the first year, we need to allocate a portion of the capitalized software costs as an expense. Since the software has an estimated economic life of 5 years, we divide the total software cost ($600,000) by 5 to determine the annual amortization expense. In this case, the amortization expense for the first year is $120,000. We debit the Amortization Expense - Software Cost account to recognize the expense and credit the Accumulated Amortization - Software Cost account to accumulate the amortization over time.For more such questions on Journal Entry
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What is globalization?
Answers
Answer:
the process by which businesses or other organizations develop international influence or start operating on an international scale.
in other words
the process where businesses or organizations begin spreading internationally
Explanation:
Why should you begin a case analysis with a financial analysis? When are other approaches appropriate?
Answers
A case analysis should start with a financial analysis because it shows how significant the problem is for a company. The primary goal of a business is to make money. studying the firm's total success is thus achievable through studying its financial performance.
A financial analysis will not only help you understand your company's financial health, determining its creditworthiness, profitability, and ability to generate money, but it will also provide you a more in-depth look at how well it functions internally. Horizontal analysis, vertical analysis, ratio analysis, trend analysis, and cost-volume profit analysis are the five most popular approaches to financial statement analysis. Each method enables the creation of a more thorough and sophisticated financial profile.
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A home owner's insurance analysis by an
insurance company requires not only
inspection of the damage to the property, but
also a determination of
A. proof of property insurance
B. how much it will cost to fix the damage
C. who will pay for the damage
D. cost to other insurance companies
Answers
A home owner's insurance analysis by an insurance company requires not only inspection of the damage to the property, but also a determination of proof of property insurance. Thus, the correct answer is option A.
What is insurance?An insurance contract (policy) is a legal agreement wherein an insurer indemnifies another party for losses resulting from particular calamities or dangers. Insurance coverage come in a variety of forms. The most prevalent types of insurance are life, health, homeowners, and automobile.
A house inspection, which is intended to look for hidden structural problems in the home, is distinct from a home insurance inspection. The insurance provider can determine the replacement cost of a home through an inspection.
Also, the insurance provider uses this method to estimate our premium expenses and analyze risk in order to establish the possibility that you will need to make a claim for damages.
Therefore, along with the inspection of the damage to the property, insurance company also check the proof of property insurance during insurance analysis.
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What is the objective of (i) income statement and (ii) balance sheet?
Answers
(i) The income statement shows revenues and expenses over a financial accounting period.
(ii) Balance sheet is used to keep a track of the debits and credits.
One of the targets is to reveal internet gains and losses as a consequence of commercial enterprise operations and activities over a hard and fast date range. Maximum groups put together an earnings assertion on a month-to-month foundation.
Objectives of Income Statement
It provides a clear picture to the management of the performance of the company during the period and the effect on profitability and whether there is any scope for improvement.It is useful for the potential investor to analyze and decide whether he should invest in the company or not.It also helps the investors to analyze the creditworthiness of the company.It also shows the creditworthiness of a company and its ability to pay off its current obligation and is important for the creditors of the company as it serves as an indicator of the company’s financial standing.Objectives of Balance sheet
To provide financial informationTo reveal the financial positionTo calculate ratiosTo show the picture of assets and liabilitiesTo show solvency positionInformation about debtors and creditorsEvaluate the value and position of all the assets and liabilities. Recognize the quantity of capital owed to the owner on the 12 months-give up. Use as a reference in case demand for a loan arises. The principle objective at the back of preparing a balance sheet is to provide invested people with a concept of the enterprise’s financial situation, as well as to reveal what the corporation possesses and owes.
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g Economic indicators can help give us Group of answer choices a direction in which economists can push the economy at the macro level. insight into which way the stock market is going to move over the coming year. an understanding of the state of the economy.
Answers
Answer:
The correct option is "an understanding of the state of the economy".
Explanation:
An economic indicators can be described as macroeconomic data that are employed to assess health, state, or growth trends of the economy of a nation. They therefore provide a knowledge of the current status of the economy.
Examples of economic indicators are inflation rate, unemployment rate, gross domestic product (GDP), and among others.
Based on the explanation above, the correct option is "an understanding of the state of the economy". That is Economic indicators can help give us an understanding of the state of the economy.
Submit
A city is considering a plan to ease traffic congestion by offering to eliminate tolls on cars with 3 or more passengers in them. An
economic analysis is done on the plan. Which conclusion, if reached in this analysis, would weigh against adopting the plan?
A)
Reduced toll revenues would threaten public road maintenance budgets.
B)
Peak traffic times would be spread out over a larger portion of the day,
Typical travel speeds on the toll roads would increase 5% during rush
hours
D)
Average numbers of miles commuting would remain level, due to indirect
routes caused by carpooling
Answers
Answer:
A)
Reduced toll revenues would threaten public road maintenance budgets.
Explanation:
If cars will more than three people will not pay tall chargers, the city will collect fewer revenues from the toll stations as some cars will not pay. A significant decline in revenues that can affect road maintenance can influence the city to weigh against implementing that proposal.
Spreading the peak time traffic and increasing speeds is what the city hopes to achieve. The city would be happy if the average number of miles commuted remain the same. The only negative effect that could halt the implementation of the plan is reduced revenues.
Answer:A) reduce total revenues would threaten public road maintenance budgets.
Explanation:
Blaine, Inc., produces three products, Argon, Xon, and Zeon, from a joint production process. Data on the process are as follows:
Product Agon Xon Zeon Total
Allocated joint cost $45 $450
Sales value at split-off $90 $900
Additional processing costs $60 $150
Sales value if processed $150 $300 $1200
Contribution from processing further $15 $0 $360
Units produced 750 1250 3,000 5,000
Required:
Determine the value for each misse
Answers
Answer:
Agon
Allocated joint cost $45
Sales value split off $90
additional processing cost $60
Sales value if processed further $150
Contribution from processing further $15
Xon
Allocated joint cost $75
Sales value split off $150
additional processing cost $150
Sales value if processed further $300
Contribution from processing further $0
Zeon
Allocated joint cost $330
Sales value split off $660
additional processing cost $180
Sales value if processed further $1200
Contribution from processing further $360
Explanation:
Sales split off point Xon $300 - $150 = $150
Sales split off point Zeon $900 - $90 - $150 = $660
Joint cost of Xon = 450 / 900 * 150 = 75
Joint cost of Zeon = 450 / 900 * 660 = 330
This is nearly double the proposed US contribution to which of the following?
A
Kyoto Protocol
B
London Accords
C
Paris Agreement
D
Geneva Convention
Answers
Answer: C . Paris Agreement
Explanation:
You included no background passage or additional details to the question for me to know what contribution you speak of but the above is most probably the answer.
The U.S. never ratified the Kyoto Protocol so I don't think they had contribution requirements. The London Accords produces research for financial investors so has little to do with the U.S. as a whole.
The Geneva Convention is simply an agreement on conduct during wars so this does not require contributions. This leaves the Paris Agreement ... on Climate Change which has set targets on the emissions to be cut by developed countries so it is most likely the answer.
When preparing government-wide financial statements,the modified accrual basis governmental funds are adjusted for all of the following events except?
A) Change in current assets and current liabilities from year to year
B) Long-term debt related events
C) Internal service fund activities
D) Interfund activities
Answers
Answer: Change in current assets and current liabilities from year to year
Explanation:
It should be noted that when preparing government-wide financial statements, the modified accrual basis governmental funds are adjusted for the long-term debt related events, the internal service fund activities and the interfund activities.
Therefore the correct option is A as th modified accrual basis government funds are not adjusted for the change in current assets and current liabilities from year to year.
You manage a risky portfolio with an expected rate of return of 22% and a standard deviation of 34%. The T-bill rate is 6%. Your risky portfolio includes the following investments in the given proportions: Stock A 31 % Stock B 36 % Stock C 33 % Suppose that your client decides to invest in your portfolio a proportion y of the total investment budget so that the overall portfolio will have an expected rate of return of 18%. a. What is the proportion y? (Round your answer to the nearest whole number.) b. What are your client’s investment proportions in your three stocks and the T-bill fund? (Do not round intermediate calculations. Round your answers to 2 decimal places.) c. What is the standard deviation of the rate of return on your client’s portfolio? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answers
Answer and Explanation:
A.
E(r) = y x R(rp) + (1-y)*rf
0.18 = y * 0.22+(1-y)*0.06
0.18 = 0.22y +0.06 -0.06y
Collect like terms
0.18-0.06 = 0.22y - 0.06y
0.12 = 0.16y
y = 0.12/0.16
= 0.75
= 75%
B.
Stock a = 31% x 0.75
= 0.2325
= 23.25%
Stock b = 36% * 0.75
= 0.27%
Stock c = 33% * 0.75
= 0.2475
= 24.75%
A total of all these stocks gives 100 percent
C.
We have standard deviation = 34%
Y * standard deviation
= 0.75 * 0.34
= 0.255
= 25.5%
Gladstone Co. has expected sales of $352,000 for the upcoming month and its monthly break even sales are $332,500. What is the margin of safety as a percent of sales, rounded to the nearest whole percent
Answers
Answer: 5.54%
Explanation:
The margin of safety as a percent of sales will be calculated as:
= (Expected sales - Break even sales) / Expected sales
= ($352000 - $332500) / $352000
= $19500 / $352000
= 0.0554
= 5.54%