Search
Courses
Google Page Rank
PageRank Checker
Preview on Feedage: striving-to-build-the-catgmat-genie-in-u Add to My Yahoo! Add to Google! iPing-it Add to Feedage RSS Alerts Add To Fwicki
Feedage Grade A rated

In the Wall Bricks Inc.’s balance sheet lists net fixed asset as $18 million Answer

In the Wall Bricks, Inc.’s balance sheet lists net fixed asset as $18 million Answer

1. (7 points) In the Wall Bricks, Inc.’s balance sheet lists net fixed asset as $18 million. The fixed assets could currently be sold for $14 million. Wall Bricks’ current balance sheet shows current liabilities of $7 million and current assets of $10 million. If all the current accounts were liquidated today, the company would receive $2 million cash after paying the $7 million in liabilities. What is the book value of Wall Bricks’ assets today? What is the market value of these assets?

2. (4 points) Last year a firm had an ROA of 8% and a dividend payout ratio of 40%. What is the internal growth rate?

3. (4 points) Last year a firm had an ROE of 6% and a dividend payout ratio of 80%. What is the sustainable growth rate?

4. (3 points) What is the future value in 3 years of $1,000 deposited today, earning a 4% interest rate annually?

5. (3 points) Approximately, how many years does it take to double a $2000 investment when interest rates are 6% per year? Years:

6. (3 points) A stock investor deposited $1000 four years ago in a non-dividend paying stock. Today the stock is valued at $814. What annual rate of return has this investor earned?

7. (8 points) A friend wants to retire in 30 years when he is 65. At age 35, he can invest $300/month that earns 6% each year. But he is thinking of waiting 15 years when he is age 50, and then investing $900/month to catch up, earning the same 6% per year. He feels that by investing three times as much for half as many years (15 instead of 30 years) he will have more. What is the future value of each of these options at age 65, and under which scenario would he accumulate more money?

8. (4 points) Compute the present value of a one-time payment of $1,000 paid in four years using the following discount rates: 1.0% in year 1, 2.0% in year 2, 4% in year 3, and 3% in year 4.
9. (5 points) TV’s R Yours is advertising a deal, in which you buy a flat screen TV for $4,769 (including tax) with one year before you need to pay (no interest is incurred if you pay by the end of the one year). How much would you need to deposit at the end of each month in a savings account earning 1.2% APR, compounded monthly, to be able to pay the $4,769 bill in one year? Monthly Deposit:
10. (8 points) Instead, you opt to purchase a 10-Inch 4K Ultra HD 120Hz Smart LED TV for $149,980 (yes, it’s really there) by getting a loan for $120,980 and paying a $29,000 down payment. You can get a 10-year loan with a 3.6% interest rate.
A. What would be your monthly payment?

B. In 4 years, when a newer, cheaper but nicer TV is available, what would be the loan balance?
11. (3 points) If the present value of an ordinary, 10 year annuity is $20,000 and interest rates are 5%, what is the present value of an annuity due with the same length of life, present values and interest rate?
12. (4 points) A credit card is offered with monthly payments and a 21.99% APR. What is the loan’s effective annual rate (EAR)? EAR:

13. (5 points) Calculate the price of a $1,000 bond, offering a 12% coupon payment with 15 years left to maturity and a market interest rate of 10%. (Assume interest payments are semiannual.) Is this a discount or premium bond?
14. (4 points) On July 25, 2014, the Dow Jones Industrial Average opened $17,083.80 and closed at $16,960.57. What was the effective annual rate return (in percent) of the stock market that day?
15. (4 points) Financial analysts forecast GDY Inc.’s growth for the future to be 3%. GDY’s recent annual dividend was $2.00. What is the value of GDY stock when the required return is 11%?
16. (5 points) URN Inc. recently paid a $5.00 annual dividend. The dividend is expected to grow at a 4% rate. At a current stock price of $52, what is the return shareholders are expecting?

For getting the instant digital download solution, Please click on the “PURCHASE” link below to get In the Wall Bricks, Inc.’s balance sheet lists net fixed asset as $18 million Answer

For instant digital download of the above solution or tutorial, please click on the below link and make an instant purchase. You will be guided to the PAYPAL Standard payment page wherein you can pay and you will receive an email immediately with a download link.

In case you find any problem in getting the download link or downloading the tutorial, please send us an email on mail@genietutorial.com

Excel icon

Linear Programming Model Excel Solution Module3 Worksheet P3-12_P3-22_P3-18 Answer

Linear Programming Model _Excel Solution Module3_Complete Worksheet_P3-12_P3-22_P3-18_Answer

Problem 3-12

A political candidate is planning his media budget for an upcoming ellection. he has $90,500 to spend. His politiacal consultants have provided him with the following estimates of additional votes as a result of the advertising effort:
For every small sighn placed by the rodside, he will garner 10 additional votes
For every large sign placed by the roadside, he will garner 30 additional votes
For every thousand bumper stickers placed on cars, he will garner 10 additional votes
For every hundred personal mailings to registered voters, he will garner 40 additional votes,
For ever radio ad heard daily in the last month before the election, he will garner 485 additional votes

Advertising Medium Cost minimum Maximum
Bumper stickers (thousands) $30.00 40 100
Personal mailings (hundreds) $81.00 500 800
Radio ads (per day) $1,000.00 3 12
Small road side signs $25.00 100 500
Large road side signs $60.00 50 300

Problem 3-22

The load master for a freighter wants to determin the mix of cargo to be carried on the next trip.The ship’s volume limit for cargo is 100,000 cubic meters , and its weight capacity is 2,310 tons.The master has five different types of cargo from which to select and wishes to maximize the calue of the selected shipment. However, to make sure that none of his customers are ignored, the load master would like to make sure that at least 20% of each cargo’s available weight is selected. The specifications for the five cargoes are shown in the following table

cargo type Tons Available Value Per Ton Volume Per TONE
A 970 $1,350.00 26
B 850 $1,675.00 54
C 1900 $1,145.00 28
D 2300 $850.00 45
E 3600 $1,340.00 37

A nursing home employs attendants who are needed around the clock. Each attendant is paid the same, regardless of when his or her shift begins. Each shift is 8 consecutive hours. Shifts begin at 6 A.M., 10 A.M., 2 P.M., 6 P.M., 10 P.M., and 2 A.M. The following table showws the nursing home’s requirements for the numbers of attendants to be on duty during specifiv time periods

Problem 3-18

SHIFT TIME NUMBER OF ATTENDANTS
A 2-6 A.M. 8
B 6-10 A.M. 27
C 10 A.M – 2 P.M. 12
D 2-6 P.M. 23
E 6-10 P.M. 29
F 10 P.M. – 2 A.M. 23

(a) What is the minimum number of attendants needed to satisfy the nursing home’s requirements?
(b) the nursing home would like to use the same number of attendants determined in part (a)
but would like to minimize the total salary paid. Attendants are paid $16 per hour during 8 A.M.- 8 P.M.,and a 25% premium per hour during 8 P.M. – 8 A.M. How should the attendants now be scheduled?

For instant digital download of the solution, Please click on the “PURCHASE” link below to get Linear Programming Model _Excel Solution Module 3_Complete Worksheet_P3-12_P3-22_P3-18_Answer

For instant digital download of the above solution or tutorial, please click on the below link and make an instant purchase. You will be guided to the PAYPAL Standard payment page wherein you can pay and you will receive an email immediately with a download link.

In case you find any problem in getting the download link or downloading the tutorial, please send us an email on mail@genietutorial.com

Excel icon

Business law & ethics 15th ed Legal and_ethical elements All Four Assignments Answer

Business law & ethics 15th ed Legal_and_ethical_elements All Four Assignments_Complete Answer

Business law & ethics 15th ed Legal_and_ethical_elements All Four Assignments_Complete Answer

– Legal ethical and technological concerns of the accounting and financial reporting of businesses_A+_Answer

The Legal, Ethical, and Technological Concerns Paper. Submit a 1,000-1,250-word paper that identifies and discusses the legal, ethical, and technological concerns of the accounting and financial reporting of businesses.

– Legal_and_ethical_elements_applying_to_marketing_products_and_services in the United States

Submit a 1,000-1,250-word paper that identifies and analyzes various elements, both legal and ethical, as they apply to marketing products and services in the United States.

– Legal ethical and managerial elements in employee monitoring Answer

Submit a 1,000-1,250-word paper that identifies and examines various legal, ethical, and managerial elements as they apply to employee monitoring. Cite at least 2 references that describe these concerns and how they are being actively addressed. Prepare this assignment according to the APA guidelines.

– Ethical Behavior_Bernie Madoff and ENRON_Assignment_Complete_A+_Answer

Write a 750-1,000-word analysis examining the financial events surrounding Bernie Madoff, and the events surrounding ENRON. Use GCU eLibrary and Internet sources to conduct your research of these 2 events. Find the consequences and implications related to the lack of a code of ethics. Review Chapter 4 in the textbook, especially the sections on values and corporate responsibility. Using applicable theories and concepts from the textbook, evaluate what you believe to be Bernie Madoff’s views of ethics and corporate social responsibility toward his stakeholders. Evaluate the actions of ENRON with regard to corporate social responsibility of stakeholders. Research and review Internet resources as necessary to complete this assignment.

For getting the instant digital download Solution, Please click on the “PURCHASE” link below to get Business law & ethics 15th ed Legal_and_ethical_elements All Four Assignments_Complete Answer

For instant digital download of the above solution or tutorial, please click on the below link and make an instant purchase. You will be guided to the PAYPAL Standard payment page wherein you can pay and you will receive an email immediately with a download link.

In case you find any problem in getting the download link or downloading the tutorial, please send us an email on mail@genietutorial.com

word_icon[1]

ASCM 626 Purchasing and Materials Management Week 10 Final Exam Answer

ASCM 626 Purchasing and Materials Management Week 10 Final Exam Answer


ASCM 626 Purchasing and Materials Management Week 10 Final Exam Answer

Both the private and the public sector want to acquire goods and services at reasonable prices.
Question 1 options:
True
False

Question 2 (1 point)

Acquisition, technology, and logistics, also referred to as AT&L, is the community that fulfills agency needs by adjusting to changes in current technology and spending taxpayer dollars wisely in accordance with policy.
Question 2 options:
True
False

Question 3 (1 point)

Contracting has always been formal, and the relationship between the government and the contractor has always been a formal one.
Question 3 options:
True
False

Question 4 (1 point)

Historic legislation such as the Securities and Securities Exchange acts (1933 and 1934, respectively) have little to no influence on how the government currently conducts business with the private sector.
Question 4 options:
True
False

Question 5 (1 point)

Socioeconomic regulations can determine how sources are selected for soliciting, and, as a contracting professional, you may be required to set aside a percentage of contracts for small businesses only.
Question 5 options:
True
False

Question 6 (1 point)

If you were a contracting officer assigned to a military base, you would not handle contracts for pens, computers, janitorial services, or IT services for the base.
Question 6 options:
True
False

Question 7 (1 point)

All of the items below represent aspects of the private sector EXCEPT __________.
Question 7 options:
the best interests of stockholders
the profit motive
competition as a motivating factor
the best interests of taxpayers

Question 8 (1 point)

All of the items below influence the acquisition environment EXCEPT __________.
Question 8 options:
national and world events
the private sector
technological improvements
congressional acts

Question 9 (1 point)

The primary role of contracting professionals is to purchase __________.
Question 9 options:
the right stuff, delivered at the right time
the right stuff, at the right price
the right stuff, using smart business arrangements
all of the above

Question 10 (1 point)

All of the following are Department of Defense (DoD) organizations EXCEPT __________.
Question 10 options:
the U.S. Army, Navy, Marine Corps, and Air Force
the Children’s Defense Fund (CDF)
the Defense Logistics Agency (DLA)
the Defense Contract Management Agency (DCMA)

Question 11 (1 point)

All of the following are potential acquisition team members EXCEPT the __________.
Question 11 options:
end user/customer
program manager
HR analyst
financial manager

Question 12 (1 point)

Effective team-building requires the following:
Question 12 options:
leadership, skill mix, shared vision, and support
team member competency
technology
all of the above

Question 13 (1 point)

The generic decision-making and problem-solving model contains the following steps:
Question 13 options:
problem definition, problem recreation, and problem-solving
problem definition, core categorizing, and implementation
a and d
problem definition, analysis, selection, and implementation

Question 14 (1 point)

In order to make good business decisions, you must be able to apply different problem-solving techniques, including __________.
Question 14 options:
problem statement and brainstorming
cause and effect consideration
the “five-why” process and force field analysis
all of the above

Question 15 (1 point)

__________ are important to the spearheading of change in the contracting workforce.
Question 15 options:
Professionalism and knowing your organization
Trust, effective communication, and sharing of information
Motivation and direction
Trust and attention to detail

Question 16 (1 point)

If you were a contracting officer working for a defense agency, you would have to follow not only the Federal Acquisition Regulation (FAR), but the Defense Federal Acquisition Regulation Supplement (DFARS).
Question 16 options:
True
False

Question 17 (1 point)

According to FAR 1.102, “Participants in the acquisition process should work together as a team and should be empowered to make decisions within their areas of responsibility.”
Question 17 options:
True
False

Question 18 (1 point)

Effective communication skills are vital to your success as a team member, and they include facilitation, coaching, and feedback, but not listening.
Question 18 options:
True
False

Question 19 (1 point)

As you participate in acquisition teams, you will encounter various styles, personalities, and roles; it is important to know yourself in order to be an effective team member.
Question 19 options:
True
False

Question 20 (1 point)

Decision-making and problem-solving are intertwined and mutually supportive, and you cannot do one without the other.
Question 20 options:
True
False

Question 21 (1 point)

Two of the 11 principles for good leadership are to know oneself and seek self-improvement, and to be technically proficient.
Question 21 options:
True
False

Question 22 (1 point)

The Joint Ethics Regulation Ethical Values and Decision-Making Plan concerns itself with how people should behave and sets standards of conduct that rely primarily on __________.
Question 22 options:
actual situations of decision-making
the goals of decision-makers
the principles of honesty, integrity, and loyalty
the principle of effective communication

Question 23 (1 point)

__________ is/are a strong indication of fraud, waste, and abuse.
Question 23 options:
Missing receipts
Criminal behavior
Reporting errors/defective pricing
all of the above

Question 24 (1 point)

The preferred approach to meeting the needs of customers includes __________.
Question 24 options:
the purchase of commercial off-the-shelf (COTS) items with minor modifications
negotiation
the purchase of non-developmental and government-unique items
both a and c

Question 25 (1 point)

Which are key motivations for doing business with the government as a contractor?
Question 25 options:
profitability and improved market share and image
fulfillment of public policy objectives
assurance of fairness and openness in business transactions
both b and c

Question 26 (1 point)

Tools used to manage risk include schedule-based incentives, cost-based incentives, supply-chain incentives, and __________.
Question 26 options:
nonconforming incentives
performance-based incentives
firm incentives
disincentives

Question 27 (1 point)

The Joint Ethics Regulation (JER), which sets executive-branch standards that are objective, reasonable, and enforceable, applies only to military individuals assigned to a defense agency.
Question 27 options:
True
False

Question 28 (1 point)

The Government Accountability Office (GAO) is the investigative arm of Congress and is often referred to as the “congressional watchdog.”
Question 28 options:
True
False

Question 29 (1 point)

The DoD inspector general (IG) serves as an independent official in the DoD, but does not fulfill auditing functions.
Question 29 options:
True
False

Question 30 (1 point)

Commercial off-the-shelf (COTS) items are items that are sold, leased, licensed, or offered for sale in the commercial marketplace, and that are also offered for sale to the government without modification.
Question 30 options:
True
False

Question 31 (1 point)

Competition in the commercial marketplace provides the government with various sources to consider; as a buyer, you must find the best value, taking into account not just price, but other considerations.
Question 31 options:
True
False

Question 32 (1 point)

If market research reveals that there are no COTS, modified, or nondevelopmental items, you cannot make the purchase, because you cannot buy government-unique items.
Question 32 options:
True
False

Question 33 (1 point)

A win-win outcome of a negotiation occurs when the government obtains the best value possible, but the result for the contractor is an unfair price.
Question 33 options:
True
False

Question 34 (1 point)

The acquisition environment is influenced by such competing factors as the marketplace, the political arena, and the cultural and financial environment.
Question 34 options:
True
False

Question 35 (1 point)

Sources of federal procurement law include __________.
Question 35 options:
public policy
statutes, executive orders, and regulations
state bills
both a and b

Question 36 (1 point)

All of the following are contract law issues that can arise during contract performance EXCEPT __________.
Question 36 options:
disputes of contract language
claims
s
pre-award discussions
contract changes

Question 37 (1 point)

A contracting officer (CO) with actual authority can legally bind the government, and is tasked with ensuring that all necessary elements are included in the contract, including mutual assent, consideration, competency, lawful purpose, and certainty of terms, and in a form permitted by law.
Question 37 options:
True
False

Question 38 (1 point)

Common law, sovereign immunity, and civil versus criminal acts are the fundamental components of the legal process, and the Constitution is the foundation that defines the legal relationship of the federal government to state governments and individual citizens.
Question 38 options:
True
False

Question 39 (1 point)

FAR 33 defines a protest as a written agreement made by an interested party.
Question 39 options:
True
False

Question 40 (1 point)

Obligations are not legally binding commitments such as contract awards, made by federal agencies during a given period that will require outlays.
Question 40 options:
True
False

Question 41 (1 point)

Although the financial management community is made up of financial analysts, accountants, budget analysts, auditors, and payment specialists, the two most important individuals are the fund holders and the payment specialists, who provide and manage funding and ensure that contractors get paid on time.
Question 41 options:
True
False

Question 42 (1 point)

The following are all methods of procurement EXCEPT __________.
Question 42 options:
source selection
simplified acquisition procedures
contracting by negotiations
sealed bidding

Question 43 (1 point)

In lieu of initiating a new contract, businesses can look to __________.
Question 43 options:
required sources, the Economy Act, and General Services Administration (GSA) schedules
statutes and executive ordering agreements
indefinite-delivery contracts, agreements, a purchase card
both a and c

Question 44 (1 point)

The contracting process is broken into three phases: planning, execution, and assessment.
Question 44 options:
True
False

Question 45 (1 point)

The Integrated Acquisition Environment (IAE) was established to facilitate cost-effective acquisition, but it doesn’t focus on current inefficiencies in acquisition.
Question 45 options:
True
False

Question 46 (1 point)

Contracts are grouped into two broad categories: fixed-price contracts and cost-reimbursement contracts.
Question 46 options:
True
False

Question 47 (1 point)

E-business has benefits such as the elimination of duplication of effort; however, it also faces the challenge of constant change in the technical environment.
Question 47 options:
True
False

Question 48 (1 point)

Pricing/competition, historical data, subcontracting, and concurrent contracts are some of the factors to be considered when initiating a new contract.
Question 48 options:
True
False

Question 49 (1 point)

If a contracting officer uses the wrong fiscal year funding, he or she has violated the __________.
Question 49 options:
Antideficiency Act
Bona Fide Needs Rule
Misappropriation Act
both a and b

Question 50 (1 point)

All of the items below are types of appropriations EXCEPT __________.
Question 50 options:
procurement and operation and maintenance
research, development, test, and evaluation
military personnel and military construction
services

Question 51 (1 point)

E-business is any business process powered by an information system, whereas e-government is a phenomenon that provides funding for e-government initiatives and mandates cross-agency e-government implementation.
Question 51 options:
True
False

Question 52 (1 point)

DAWIA certification is the process through which DoD components determine that individuals meet the standards (experience, training, and education) required for a career (level I, II, or III) in the acquisition field.
Question 52 options:
True
False

Question 53 (1 point)

Professional competencies required in the acquisition workforce include __________.
Question 53 options:
customer service
oral and written communication
problem-solving
all of the above

For getting the instant digital download solution, Please click on the “PURCHASE” link below to get “ASCM 626 Purchasing and Materials Management Week 10 Final Exam Answer”.

For instant digital download of the above solution or tutorial, please click on the below link and make an instant purchase. You will be guided to the PAYPAL Standard payment page wherein you can pay and you will receive an email immediately with a download link.

In case you find any problem in getting the download link or downloading the tutorial, please send us an email on mail@genietutorial.com

word_icon[1]

HSM 310 Week 7 Course Project Complete and A+ Answer

HSM 310 Week 7 Course Project Complete and A+ Answer


HSM 310 Week 7 Course Project
Course Project
Your Course Project in its final form is due this week. Remember to spell and grammar check, and submit your paper in APA formatting. This includes title page; double-spaced content;indenting the first line of each new paragraph; using proper subtitles; using in-paragraph citations for all quotes, statistics, concepts, or graphics used from another author; and providing a proper APA reference in your bibliography at the end of your paper

For getting the instant digital download solution, Please click on the “PURCHASE” link below to get “HSM 310 Week 7 Course Project Complete and A+ Answer”.

For instant digital download of the above solution or tutorial, please click on the below link and make an instant purchase. You will be guided to the PAYPAL Standard payment page wherein you can pay and you will receive an email immediately with a download link.

In case you find any problem in getting the download link or downloading the tutorial, please send us an email on mail@genietutorial.com

word_icon[1]

PROJ 592 Proj Cost and Schedule All Weeks Course Project Quizzes Assignment Final Exam Answer

PROJ 592 Proj Cost and Schedule All Weeks Course Project Quizzes Assignment Final Exam Answer

PROJ 592 Proj Cost and Schedule All Weeks Course Project All Parts Quizzes Assignment Final Exam Answer

PROJ 592 Proj Cost and Schedule All Weeks Course Project All Parts Quizzes Assignment Final Exam Answer

For getting the instant digital download solution, Please click on the “PURCHASE” link below to get “PROJ 592 Proj Cost and Schedule All Weeks Course Project Quizzes Assignment Final Exam Answer”.

For instant digital download of the above solution or tutorial, please click on the below link and make an instant purchase. You will be guided to the PAYPAL Standard payment page wherein you can pay and you will receive an email immediately with a download link.

In case you find any problem in getting the download link or downloading the tutorial, please send us an email on mail@genietutorial.com

Zip Icon

MGMT 530 Managerial Decision-Making All Weeks Discussion Questions Case Analysis Course Project Mid and Final Exam Answer

MGMT 530 Managerial Decision-Making All Weeks Discussion Questions Case Analysis Course Project_Mid Term and Final Term Answer

MGMT 530 Managerial Decision-Making All Weeks Discussion Questions Case Analysis Course Project_Mid Term and Final Term Answer

MGMT 530 Managerial Decision-Making All Weeks Discussion Questions Case Analysis Course Project_Mid Term and Final Term Answer

For getting the instant digital download answer, Please click on the “PURCHASE” link below to get MGMT 530 Managerial Decision-Making All Weeks Discussion Questions Case Analysis Course Project_Mid Term and Final Term Answer

For instant digital download of the above solution or tutorial, please click on the below link and make an instant purchase. You will be guided to the PAYPAL Standard payment page wherein you can pay and you will receive an email immediately with a download link.

In case you find any problem in getting the download link or downloading the tutorial, please send us an email on mail@genietutorial.com

Zip Icon

Design Windows 2008 servers to host a database and the company’s Web application Answer

Design Windows 2008 servers to host a database and the company’s Web application Answer

1.Imagine that you are a server administrator for Company.com. You are tasked to design Windows 2008 servers to host a database and the company’s Web application that will be used heavily by 1,000 employees. The goals are to minimize the downtime, provide the best possible performance for both the application and the database, and provide a cost-effective solution. Suggest the best strategy to implement fault tolerance and explain why.

2) Suppose that you are designing storage for a new application server. The application heavily uses temporary storage, and you want to allocate a few new 120-GB very secured disk drives to that storage. Excellent read and write performance is a high priority, you want to use as much available space as possible, and you also want to reduce the costs associated with deploying Windows server 2008. Compare different types of partitions, disks, volumes, and file systems. Select the strategy you would use in this scenario and explain why.

For getting the instant digital download solution, Please click on the “PURCHASE” link below to get “Design Windows 2008 servers to host a database and the company’s Web application Answer”.

For instant digital download of the above solution or tutorial, please click on the below link and make an instant purchase. You will be guided to the PAYPAL Standard payment page wherein you can pay and you will receive an email immediately with a download link.

In case you find any problem in getting the download link or downloading the tutorial, please send us an email on mail@genietutorial.com

word_icon[1]

ACCT 553 Fed Taxes Mgmt Decisions Final Exam A+ Answer

ACCT 553 Fed Taxes Mgmt Decisions Final Exam Answer

ACCT 553 Fed Taxes Mgmt Decisions Final Exam Complete A+ Answer

1. (TCO E) For federal tax purposes, income attributable to the direct efforts of the tax payer, such as salary, is classified as: (Points : 5)
portfolio income.
active income.
passive income.
None of the above

2. (TCO D) Which of the following is an example of a nontaxable like-kind exchange? (Points : 5)
An ice cream making machine for inventory of Rocky Road ice cream
Land for an office building
Office equipment for a computer
All of the above

3. (TCO H) Alex and Amy file a joint return for the 2012 tax year. Their adjusted gross income is $90,000. They had net investment income of $8,000. In 2012, they had the following interest expenses:
• Personal credit card interest: $5,000
• Home mortgage interest: $10,000
• Interest paid on qualified education loans: $2,000
• Investment interest (on loans used to buy stocks): $10,000
What is the interest deduction for Alex and Amy for the 2012 tax year? (Points : 5)
$8,000
$12,000
$20,000
$18,000

4. (TCO B) Unreimbursed expenses of employees are considered to be deductions: (Points : 5)
for AGI.
from AGI.
for or from AGI, depending on the type of expense.
None of the above

5. (TCO A) Which of the following expenditures is always an itemized deduction for individual taxpayers? (Points : 5)
Charitable contributions
State and local income taxes
Moving expenses
All of the above

6. (TCO E) Adam sold a piece of business equipment that had an adjusted basis to him of $50,000. In return for the equipment, Adam received $80,000 cash and a painting with a fair market value of $20,000 from the buyer. The buyer also assumed Adam’s $25,000 loan on the equipment. Adam paid $5,000 in selling expenses. What is the amount of Adam’s gain on the sale? (Points : 5)
$90,000
$125,000
$80,000
$70,000

7. (TCO I) Gary and Gerdy Gray purchased a home for $125,000 on September 15, 2010. On October 7, 2011 they were divorced, and as part of the divorce agreement, the home was transferred to Gerda, who sold the home on October 18, 2012 for $350,000. How much can Gerda exclude? (Points : 5)
$350,000
$250,000
$225,000
$0

8. (TCO I) Under the accrual method of accounting, expenses are generally accrued when: (Points : 5)
the expenses are actually incurred.
the taxpayer elects to take the deduction.
payment is made.
None of the above

9. (TCO D) Sean, a calendar year taxpayer, purchased stock on June 18, 2011 for $8,000. The stock became worthless on June 4, 2012. What is Sean’s loss in 2012? (Points : 5)
$8,000 short-term capital loss
No loss
$8,000 long-term capital loss
$8,000 itemized deduction for investments

10. (TCO A) Which of the following is a primary source of tax authority? (Points : 5)
Revenue ruling
Tax Court case
Temporary regulation
All of the above

11. (TCO F) A nonbusiness bad debt is deductible for tax purposes as a(n): (Points : 5)
short-term capital loss.
itemized deduction.
long-term capital loss.
ordinary business deduction.

12. (TCO A) The art of using existing tax laws to pay the least amount of tax legally possible is known as: (Points : 5)
tax evasion.
tax avoidance.
tax elusion.
None of the above

13. (TCO C) Which of the following items is not taxable? (Points : 5)
Interest on U.S. Treasury bills, notes, and bonds issued by an agency of the United States
Interest on federal income tax refund
Interest on New York State bonds
Discount income in installment payments received on notes bought at a discount

14. (TCO B) Under the terms of their divorce agreement executed in October 2011, Keith transferred Corporation M stock to his former wife, Karen, as a property settlement. At the time of the transfer, the stock had a basis to Keith of $20,000 and a fair market value of $50,000. What is the tax consequence of this transaction to Keith, and what is Karen’s basis in the Corporation M stock? (Points : 5)
Keith has a gain of $30,000; Karen’s basis is $20,000.
Keith has a gain of $30,000; Karen’s basis is $50,000.
Keith has no gain or loss; Karen’s basis is $20,000.
Keith has no gain or loss; Karen’s basis is $50,000.

15. (TCO G) During 2012, Edward East had wages of $10,000 and received unemployment compensation of $6,200 from the state. Edward is single and 45 years old. What is the amount of unemployment compensation to be included in his gross income? (Points : 5)
$0
$2,100
$4,200
$6,200

16. (TCO F) Hobby expenditures are deductible to the extent of: (Points : 5)
total individual gross income.
hobby gross income.
trade or business gross income.
nonbusiness gross income.

Page: 1 2

Essays

1. (TCO E) In 2012, Uriah Stone received the following payments:
• Interest on refund of federal income tax for 2011: $400
• Interest on award for personal injuries in 2009 automobile accident: $300
• Interest on municipal bonds: $1,500
• United States savings bonds interest (Series H): $1,000
What amount, if any, should Mr. Stone report as interest income on his 2012 tax return?

2. (TCO G) Would any of the following items be deductible on an individual’s income tax return? If so, would the item be deductible for or from AGI? Explain each item.
(a) Hobby expenditures of $2,000 in excess of hobby gross income
(b) $3,000 loss on the sale of a personal sailboat
(c) Interest of $8,000 on money borrowed to purchase tax-exempt securities (Points : 17)

3. (TCO F) Michael and Mary Mason sold for $380,000 in November of 2012 their residence that they had purchased in 2002 for $75,000. They made major capital improvements during their 10-year ownership totaling $25,000.
(a) What is their excluded gain? How much must they recognize?
(b) Suppose, instead, that the Masons sold their home for $720,000. They moved into a smaller house costing $220,000. What is their excluded gain? How much must they recognize? (Points : 17)

4. (TCO G) John Baron, a professional baseball player, raises Black Angus cattle under circumstances that would indicate that the activity is a hobby. His adjusted gross income for the year is $50,000, and he has $500 of other miscellaneous itemized deductions, all of which are subject to the two-percent floor. During the taxable year, the feed for the cattle cost $1,500. The income from the sale of cattle was $1,400.

(a) Under the hobby loss rule, to what extent is the expense of $1,500 deductible?
(b) Under the two-percent-of-adjusted-gross-income limitation, how much is the overall deductible amount of his itemized deductions?

5. (TCO I) Rick, a single individual with a salary of $45,000, incurred and paid the following expenses during the year:
Student loan interest: $800
Medical expenses: $5,000
Alimony: $11,000
Mortgage interest on personal residence: $3,000
State income taxes: $4,000
Moving expenses: $1,500
Contribution to a traditional IRA: $2,000
Analyze the above expenses, and determine which ones are deductible for AGI. Please support your position.

6. (TCO I) Kim had the following transactions for 2012:
Salary: $48,000
Damage award (compensatory) for city bus accident: $18,000
Loss on sale of stock investment: $5,600
Loan from father to purchase auto: $14,000
Alimony paid to ex-wife: $8,000
What is Kim’s AGI for 2012?

7. (TCO F) Sara owns a sole proprietorship, and Phil is the sole shareholder of a C (regular) corporation. Each business sustained a $9,000 operating loss and a $2,000 capital loss for the year. Evaluate how these losses will affect the taxable income of the two owners? (Points : 17)

8. (TCO B) Dave forms a corporation and transfers property having a basis to him of $22,000 and a fair market value of $29,000 to the corporation for 1,000 shares of $11 par stock. One year later, Hank transfers property having a basis to him of $3,500 and a fair market value of $4,500 for 100 shares of the stock. Hank is not related to Dave. The corporation issued no other stock.
(a) How much gain does Dave recognize on his exchange? What is the basis to Dave of his 1,000 shares?
(b) What gain or loss is recognized by the corporation when it issues its shares to Dave? What is the basis to the corporation of the property it received from Dave?
(c) What is the gain or loss that Hank recognizes on this transaction, and what is his basis in his 100 shares?

9. (TCO F) In 2012, OK Company had a net loss of $82,000 from operations. Jane owns OK Company and works 20 hours a week in the business. She has a large amount of income from other sources and is in the 35% marginal tax bracket. Would Jane’s tax situation be better if OK Company were a proprietorship or a C corporation? Explain why.

10. (TCO H) On May 18, 2012, Sara purchased 30 shares of ABC stock for $210, and on October 29, 2012, she purchased 90 additional shares for $900. On November 28, 2012, she sold 48 shares, which could not be specifically identified, for $576, and on December 8, 2012, she sold another 25 shares for $150. What is her recognized gain or loss?

For instant digital download of the above solution, Please click on the “PURCHASE” link below to get the tutorial for ACCT 553 Fed Taxes Mgmt Decisions Final Exam Complete A+ Answer

For instant digital download of the above solution or tutorial, please click on the below link and make an instant purchase. You will be guided to the PAYPAL Standard payment page wherein you can pay and you will receive an email immediately with a download link.

In case you find any problem in getting the download link or downloading the tutorial, please send us an email on mail@genietutorial.com

word_icon[1]

MGMT 640 Financial Decision Making for Managers Final Exam Part 2 Answer

MGMT 640 Financial Decision Making for Managers Final Exam Part 2 Answer


Final Exam Part 2

Question 1
Maxx Inc. has provided the following data from its activity-based costing system:
Activity Cost Pools Total Cost Total Activity
Designing products $377,200 6,600 product design hours
Setting up batches $52,678 7366 batch set-ups
Assembling products $25,122 4,018 assembly hours
The activity rate for the “designing products” activity cost pool is:

Question 2
Sasha Company allocates the estimated $184,800 of its accounting department costs to its production and sales departments since the accounting department supports the other two departments particularly with regard to payroll and accounts payable functions. The costs will be allocated based on the number of employees using the direct method. Information regarding costs and employees follows:
Department Employees
Accounting 4
Production 35
Sales 13
How much of the accounting department costs will be allocated to the production?

Question 3 0 / 1 point
Medusa Company allocates costs from the payroll department (S1) and the maintenance department (S2) to the molding (P1), finishing (P2), and packaging (P3) departments. Payroll department costs are allocated based on the number of employees in the department and maintenance department costs are allocated based on the number of square feet which the production department occupies within the factory. Information about the departments is presented below:
Number of Number of Square
Department Costs Employees Feet Occupied
Payroll (S1) $148,000 2 2,000
Maintenance (S2) $220,000 8 64,000
Molding (P1) 71 100,000
Finishing (P2) 49 60,000
Packaging (P3) 21 40,000
Medusa uses the direct method to allocate costs. Round all answers to the nearest dollar.
What amount of the payroll department costs will be allocated to the molding department?

Question 4
The Manassas Company has 55 obsolete keyboards that are carried in inventory at a cost of $9,600. If these keyboards are upgraded at a cost of $7,600, they could be sold for $18,700. Alternatively, the keyboards could be sold “as is” for $7,800. What is the net advantage or disadvantage of re-working the keyboards?

Question 5
Ritz Company sells fine collectible statues and has implemented activity-based costing. Costs in the shipping department have been divided into three cost pools. The first cost pool contains costs that are related to packaging and shipping and Rand has determined that the number of boxes shipped is an appropriate cost driver for these costs. The second cost pool is made up of costs related to the final inspection of each item before it is shipped and the cost driver for this pool is the number of individual items that are inspected and shipped. The final cost pool is used for general operations and supervision of the department and the cost driver is the number of shipments. Information about the department is summarized below:
Cost Pool Total Costs Cost Driver Annual Activity
Packaging and shipping $169,500 Number of boxes shipped 21,400 boxes
Final inspection $195,900 Number of individual items shipped 96,400 items
General operations and supervision $82,000 Number of orders 9,300 orders
During the period, the Far East sales office generated 659 orders for a total of 6,160 items. These orders were shipped in 1,345 boxes. What amount of shipping department costs should be allocated to these sales?

Question 6
Baller Financial is a banking services company that offers many different types of checking accounts. The bank has recently adopted an activity-based costing system to assign costs to their various types of checking accounts. The following data relate to the money market checking accounts, one of the popular checking accounts, and the ABC cost pools:
Annual number of accounts = 56,000 accounts Checking account cost pools:
Cost Pool Cost Cost Drivers
Returned check costs $2,710,000 Number of returned checks
Checking account reconciliation costs 51,000 Number of account reconciliation requests
New account setup 640,000 Number of new accounts
Copies of cancelled checks 378,000 Number of cancelled check copy requests
Online banking web site maintenance 187,000 Per product group (type of account)

Annual activity information related to cost drivers:
Cost Pool All Products Money Market Checking
Returned check 200,000 returned checks 18,000
Check reconciliation costs 378,000 checking account 420
New accounts 56,000 new accounts 15,000
Cancelled check copy requests 98,000 cancelled check 60,000
Web site costs 5 types of accounts 1

Calculate the overhead cost per account for the Money Market Checking.

Question 7
Sosa Company has $39 per unit in variable costs and $1,900,000 per year in fixed costs. Demand is estimated to be 138,000 units annually. What is the price if a markup of 35% on total cost is used to determine the price?

Question 8
Bob’s Company sells one product with a variable cost of $5 per unit. The company is unsure what price to charge in order to maximize profits. The price charged will also affect the demand. If fixed costs are $100,000 and the following chart represents the demand at various prices, what price should be charged in order to maximize profits?
Units Sold Price
30,000 $10
40,000 $9
50,000 $8
60,000 $7

$10

$9

$8

$7

Question 9
A retailer purchased some trendy clothes that have gone out of style and must be marked down to 30% of the original selling price in order to be sold. Which of the following is a sunk cost in this situation?

the original selling price

the anticipated profit

the original purchase price

the current selling price

Question 10 0 / 1 point
Carlton Products Company has analyzed the indirect costs associated with servicing its various customers in order to assess customer profitability. Results appear below:
Cost Pool Annual Cost Cost Driver Annual Driver Quantity

Processing electronic orders $1,000,000 Number of orders 500,000
Processing non-electronic orders $2,000,000 Number of orders 400,000
Picking orders $3,000,000 Number of different products ordered 800,000
Packaging orders $1,500,000 Number of items ordered 50,000,000
Returns $2,000,000 Number of returns 50,000
If all costs were assigned to customers based on the number of items ordered, what would be the cost per item ordered?

Question 11
Costa Company has a capacity of 40,000 units per year and is currently selling 35,000 for $400 each. Barton Company has approached Costa about buying 2,000 units for only $300 each. The units would be packaged in bulk, saving Costa $20 per unit when compared to the normal packaging cost. Normally, Costa has a variable cost of $280 per unit. The annual fixed cost of $2,000,000 would be unaffected by the special order. What would be the impact on profits if Costa were to accept this special order?

Profits would increase $40,000.

Profits would increase $60,000.

Profits would decrease $200,000.

Profits would increase $80,000

Question 12
A company has $7.80 per unit in variable costs and $3.60 per unit in fixed costs at a volume of 50,000 units. If the company marks up total cost by 0.55, what price should be charged if 57,000 units are expected to be sold?

Question 13
Customer profitability analysis might result in:

dropping some customers that are unprofitable.

lowering price or offering incentives to profitable customers.

giving incentives to all customers to place orders online.

All of the above.

Question 14
The Estrada Company uses cost-plus pricing with a 0.44 mark-up. The company is currently selling 100,000 units. Each unit has a variable cost of $3.70. In addition, the company incurs $195,000 in fixed costs annually. If demand falls to 77,700 units and the company wants to continue to earn a 0.44 return, what price should the company charge?

Question 15
A new product is being designed by an engineering team at Golem Security. Several managers and employees from the cost accounting department and the marketing department are also on the team to evaluate the product and determine the cost using a target costing methodology. An analysis of similar products on the market suggests a price of $121.00 per unit. The company requires a profit of 0.28 of selling price. How much is the target cost per unit?

Question 16
A company using activity based pricing marks up the direct cost of goods by 0.24 plus charges customers for indirect costs based on the activities utilized by the customer. Indirect costs are charged as follows: $7.80 per order placed; $3.60 per separate item ordered; $25.40 per return. A customer places 5 orders with a total direct cost of $3,000, orders 299 separate items, and makes 8 returns. What will the customer be charged?

Question 17
A law firm uses activity-based pricing. The company’s activity pools are as follows:
Cost Pool Annual Estimated Cost Cost Driver Annual Driver Quantity

Consultation 198,000 Number of consultations 80 consultations
Administrative Costs 140,000 Admin labor hours 9,400 labor hours
Client Service 96,000 Number of clients 110 clients
The firm had two consultations with this client and required 130 administrative labor hours. What additional costs will be charged to this customer?

Question 18
The Break-Even point is the

number of units sold that allow the company to neither a profit nor a loss

number of units sold that allow the company to pay labor their wages

dollar revenues that allows the firm to pay the required rate of return to its investors

dollar profits that allows the firm to pay the required rate of return to its investors

Question 19
Which of the following is not part of the Process of Cost Allocation

Select an allocation base to relate the cost pools to the cost objectives

Form cost pools

Identify the cost objectives

Allocate revenues to different products of the firm

Question 20
Opportunity costs are:

Never incremental costs

Always incremental costs

Sometimes sunk costs

Greater than sunk costs

For getting the instant digital download solution, Please click on the “PURCHASE” link below to get MGMT 640 Financial Decision Making for Managers Final Exam Part 2 Answer

For instant digital download of the above solution or tutorial, please click on the below link and make an instant purchase. You will be guided to the PAYPAL Standard payment page wherein you can pay and you will receive an email immediately with a download link.

In case you find any problem in getting the download link or downloading the tutorial, please send us an email on mail@genietutorial.com

word_icon[1]