Answer:
$14,520 in check-able deposit liabilities and $117,480 in total reserves.
Explanation:
The bank has $132,000 in excess reserves and excess reserves ratio is 11%. The bank will have total reserves of $132,000 * 89% = $117,480. The total liabilities will be equivalent to the excess reserves which is $14,520 [$132,000 - $117,480].
Please help I don’t understand
Borques Company produces and sells wooden pallets that are used for moving and stacking materials. The operating costs for the past year were as follows:
Variable costs per unit:
Direct materials $2.85
Direct labor $1.92
Variable overhead $1.60
Variable selling $0.90
Fixed costs per year:
Fixed overhead $180,000
Selling and administrative $96,000
During the year, Borques produced 200,000 wooden pallets and sold 204,300 at $9 each. Borques had 8,200 pallets in beginning finished goods inventory; costs have not changed from last year to this year. An actual costing system is used for product costing.
Required:
a. What is the per-unit inventory cost that is acceptable for reporting on Borques’s balance sheet at the end of the year?
b. How many units are in ending inventory?
c. Calculate absorption-costing operating income.
Answer:
Borques Company
a. Unit inventory cost = $7.27
b. Ending inventory = 3,900 units
c. Absorption-costing operating income = $73,569
Explanation:
a) Data and Calculations:
Variable costs per unit:
Direct materials $2.85
Direct labor $1.92
Variable overhead $1.60 $6.37
Variable selling $0.90 $7.27
Fixed costs per year:
Fixed overhead $180,000
Selling and administrative $96,000 $276,000
Selling price per unit = $9
Acceptable per-unit inventory cost:
Variable product cost per unit = $6.37
Total variable production cost = $1,274,000
Fixed production cost = 180,000
Total production cost = $1,453,000
Unit inventory cost = $7.27 ($1,453,000/200,000)
b. Ending inventory
Beginning inventory 8,200
Production units = 200,000
Units available 208,200
Sales units = 204,300
Ending inventory 3,900
c. Absorption Costing Operating Income:
Sales Revenue $1,838,700 ($9 * 204,300)
Cost of goods sold 1,485,261 ($7.27 * 204,300)
Gross profit $353,439
Selling expenses:
Variable ($0.90 * 204,300) 183,870
Fixed 96,000
Total selling expenses $279,870
Operating income $73,569
On April 1, 2019, the KB Toy Company purchased equipment to be used in its manufacturing process. The equipment cost $59,800, has an ten-year useful life, and has no residual value. The company uses the straight-line depreciation method for all manufacturing equipment. On January $13,850 was spent the equipment and to add a feature that increased its operating efficiency. Of the total expenditure, $2,600 represented ordinary repairs and annual maintenance and $11,250 represented the cost of the new feature. In addition to increasing operating efficiency, the total useful life of the equipment was extended to 12 years.
Required:
Prepare journal entries for the depreciation for 2019 and 2020.
Answer:
KB Toy Company
Journal Entries:
December 31, 2019:
Debit Depreciation expense $4,485
Credit Accumulated Depreciation $4,485
To record depreciation expense for the year.
December 31, 2020:
Debit Depreciation expense $5,547
Credit Accumulated Depreciation $5,547
To record depreciation expense for the year.
Explanation:
a) Data and Calculations:
Cost of equipment on April 1, 2019 = $59,800
Estimated useful life = 10 years
Residual value = $0
Depreciable amount = $59,800
Annual depreciation expense = $5,980 ($59,800/10)
Depreciation expense, December 31, 2019 = $4,485 ($5,980 * 9/12)
January, 2020:
Net book value = $55,315 ($59,800 - $4,485)
Additional feature 11,250
New cost = $66,565
New estimated useful life = 12 years
Depreciation expense, December 31, 2020 = $5,547 ($66,565/12)
Repairs and maintenance expense = $2,600
December 31, 2019:
Depreciation expense $4,485
Accumulated Depreciation $4,485
December 31, 2020:
Depreciation expense $5,547
Accumulated Depreciation $5,547
Dexter Industries purchased packaging equipment on January 8 for $422,400. The equipment was expected to have a useful life of four years, or 7,600 operating hours, and a residual value of $34,800. The equipment was used for 2,660 hours during Year 1, 1,596 hours in Year 2, 2,128 hours in Year 3, and 1,216 hours in Year 4.
Required:
Determine the amount of depreciation expense for the three years ending December 31, by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-declining-balance method.
Answer:
Dexter Industries
Depreciation Expenses for the three years ending December 31:
a) Straight line method b) Units-of-activity method c) Double-Declining
Year 1 $96,900 $135,600 $211,200
Year 2 $96,900 $81,396 $105,600
Year 3 $96,900 $108,528 $52,800
Explanation:
a) Data and Calculations:
Cost of equipment purchased on January 8 = $422,400
Expected useful life = 4 years or 7,600 operating hours
Residual value = $34,800
Depreciable amount = $387,600 ($422,400 - $34,800)
Straight-line Depreciation Expense per year = $96,900 ($387,600/4)
Units-of-activity method Depreciation Expenses:
Depreciation rate per hour = $51 ($387,600/7,600)
Period Hours Depreciation Expense
Year 1 2,660 $135,600 (2,660 * $51)
Year 2 1,596 $81,396 (1,596 * $51)
Year 3 2,128 $108,528 (2,128 * $51)
Year 4 1,216 $62,016 (1,216 * $51)
Double-declining-balance method:
Depreciation rate per year = 50% (100%/4 * 2)
Year 1 = $211,200 ($422,400 * 50%)
Year 2 = $105,600 ($211,200 * 50%)
Year 3 = $52,800 ($105,600 * 50%)
Year 4 = $18,000 ($52,800 - $34,800)
Star Corp. has a rate of return on assets of 10% and a debt/equity ratio of 2 to 1 before entering into an operating lease as the lessee. Not including any indirect effects on earnings, when Star Corp. records the operating lease, the immediate impact on these ratios is a(an): Return on Assets Debt/Equity a. increase increase b. decrease decrease c. increase decrease d. decrease increase
Answer:
d. decrease increase
Explanation:
The formula for the return on asset is as follow
Return on Asset = Net income / Total Assets
As the asset value is increased as a result of lease entry, The return on asset ratio will decrease because there will be no change in net income.
As the debt of the company will increase
The formula for debt-equity ratio is as follow
Debt equity ratio = Total Debt / Total equity
As the debt will increase as a result of the lease and there will be no impact on the equity of the company. Hence, the debt-equity ratio will increase.
For a model economy, the mpc (marginal propensity to consume) is 0.8. Current GDP is $100 million. Potential GDP is $60 million. To reach full employment (reduce inflationary gap), government spending must g
Answer:
To reach full employment (reduce inflationary gap), government spending must fall by $8 million.
Explanation:
Multiplier = 1 / (1 - mpc) = 1 / (1 - 0.8) = 5
Output gap = Current GDP - Potential GDP = $100 - $60 = $40 million
Amount of change in government expenditure needed = Output gap / mpc = $40 / 5 = $8 million
Since the Potential GDP is less than the Current GDP, this implies that the government spending must fall by $8 million to reach full employment.
Therefore, to reach full employment (reduce inflationary gap), government spending must fall by $8 million.
According to the growth accounting studies, if you lived in a country where illiteracy was high and 40% of the children left school early and did not complete their education what would probably be the results for that country?
a. Average income in the country will see significant increases.
b. There would be both a human and economic loss.
c. The economic status of the country would continue to rise.
d. More technological breakthroughs would happen in this country.
Answer:
b. There would be both a human and economic loss.
Explanation:
In the case when the illiteracy was more and 40% of the children left the school so early that they didnt complete their education so here the result should be that there should be 2 losses i.e. human and economic loss as the children does not have any kind of knowledge so they would not get the job so easily
Therefore the option b is correct
Use the following payoff matrix for a simultaneous-move one-shot game to answer the accompanying questions.
Player 2
Strategy C D E F
Player 1 A 10, 23 14, 20 20, 16 22, 14
B 14, 26 8, 5 20, 9 19, 14
Determine player 1’s equilibrium payoff.
Answer:
Player 1 strategy BPlayer 2 strategy CExplanation:
Player 1
If Player 1 chooses strategy A
then the player 2's best outcome of 23 comes from strategy C.
If Player 1 chooses strategy B
then the player 2's best outcome of 26 comes from strategy C.
Player 2
If Player 2 chooses strategy C,
then the player 1's best outcome of 14 comes from strategy B.
If Player 2 chooses strategy D
then player 1's best outcome of 14 comes from strategy A.
If Player 2 chooses strategy E
then player 1's best outcome of 20 comes from strategies A and B.
If Player 2 chooses to strategy F
then player 1's best outcome of 22 comes from strategy A.
Hence, the better off play of both player is as follow
Player 1 plays strategy BPlayer 2 plays strategy CMary and Larry are purchasing a house for $198,000. They are making a down payment of $20,000, and they are approved for a conforming loan. How much should they expect to receive in seller help if the seller agrees to contribute the maximum amount
Answer:
$11,880
Explanation:
The computation of the amount that should be expected to recieve in seller is shown below:
The maximum seller contribution should be 6% for confirming the loan as the down payment is more than 10%
So, the amount should be
= $6% of $198,000
= $11,880
The Williams Supply Company sells for $50 one product that it purchases for $20. Budgeted sales in total dollars for the year are $3,000,000. The sales information needed for preparing the July budget follows:
Month Sales Revenue
May $175,000
June 240,000
July 295,000
August 320,000
Account balances at July 1 include these:
Cash $125,000
Merchandise inventory 47,200
Accounts receivable (sales) 84,530
Accounts payable (purchases) 47,200
The company pays for one-half of its purchases in the month of purchase and the remainder in the following month. End-of-month inventory must be 40% of the budgeted sales in units for the next month. A 2% cash discount on sales is allowed if payment is made during the month of sale. Experience indicates that 60% of the billings will be collected during the month of sale, 25% in the following month, 12% in the second following month, and 3% will be uncollectible. Total budgeted selling and administrative expenses (excluding bad debts) for the fiscal year are estimated at $1,200,000, of which three-fourths is fixed expense (inclusive of a $36,000 annual depreciation charge). Fixed expenses are incurred evenly during the year. The other selling and administrative expenses vary with sales. Expenses are paid during the month incurred.
Required:
a. Prepare a schedule of estimated cash collections for July.
b. Prepare a schedule of estimated July cash payments for purchases.
c. Prepare schedules of July selling and administrative expenses, separately identifying those requiring cash disbursements.
d. Prepare a schedule of cash receipts over disbursements assuming no equipment purchases or loan payments.
Answer:
The Williams Supply Company
a. Estimated Cash Collections for July
58% sales month (60% -2%) $171,100 ($295,000 * 58%) July
25% ffg month 60,000 ($240,000 * 25%) June
12% second month 21,000 ($175,000 * 12%) May
Estimated cash collections = $252,100
b. Estimated July Cash Payments for Purchases:
July
Cost of purchases $122,000
50% purchase month 61,000
50% ffg month 47,200
Total payment for purchases $108,200
c. July Selling and Administrative Expenses:
Monthly fixed expenses $72,000
Variable expenses ($5 * 5,900) 29,500
Total selling and admin expenses $101,500
d. Cash Receipts Over Disbursements for July:
Beginning cash balance $125,000
Total cash receipts 252,100
Total cash available $377,100
Cash Disbursements:
Purchases $108,200
Selling and Admin. 101,500
Total cash disbursements $209,700
Cash balance $167,400
Explanation:
a) Data and Calculations:
Selling price of product = $50 per unit
Purchase cost of product = $20 per unit
Total budgeted sales for the year = $3,000,000
Total budgeted sales for the year (units) = 60,000 units
Month Sales Revenue Unit Sales
May $175,000 3,500 ($175,000/$50)
June 240,000 4,800 ($240,000/$50)
July 295,000 5,900 ($295,000/$50)
August 320,000 6,400 ($320,000/$50)
July 1 Account Balances:
Cash = $125,000
Merchandise inventory = $47,200
Accounts receivable (sales) = $84,530
Accounts payable (purchases) = $47,200
Payment of Purchases:
50% purchase month
50% ffg month
Cash collections from sales:
58% sales month (60% -2%)
25% ffg month
12% second month
Ending inventory = 40% of the budgeted sales in units in the next month
Total budgeted selling and administrative expenses (excluding bad debts) = $1,200,000
Fixed expense = $864,000 ($1,200,000 * 3/4) - $36,000
Monthly fixed expenses = $72,000 ($864,000/12)
Variable selling expenses = $300,000 ($1,200,000 - $900,000)
Variable selling expenses per unit = $5 ($300,000/60,000)
Purchases Budget
June July
Ending inventory 2,360 2,560
Sales 4,800 5,900
Units available for sale 7,160 8,460
Beginning inventory 1,920 2,360
Purchases 5,240 6,100
Cost of purchases $104,800 $122,000 (6,100 * $20)
Now, consider the situation in which Noah wants to earn a return of 7%, but the bond being considered for purchase offers a coupon rate of 9%. Again, assume that the bond pays semiannual interest payments and has three years to maturity. If you round the bond's intrinsic value to the nearest whole dollar, then its intrinsic value of
Answer:
$1,053.29
Explanation:
The intrinsic value of the bond is the present value of the bond's future cash flows, semiannual coupons for 3 years as well as the face value at the bond's maturity payable to bondholders.
The bond price can be determined using a financial calculator bearing in mind that the calculator would be set to its default end mode before making the following inputs:
N=6(there are 6 semiannual coupons in 3 years)
PMT=45(semiannual coupon=1000*9%*6/12=45)
I/Y=3.5(semiannual yield=7%*6/12=3.5%
FV=1000*(the face value of the bond is $1000)
CPT
PV=$1,053.29
Imprudential, Inc., has an unfunded pension liability of $750 million that must be paid in 17 years. To assess the value of the firm's stock, financial analysts want to discount this liability back to the present. If the relevant discount rate is 8.0 percent, what is the present value of this liability
Answer:
$202,701,713.58
Explanation:
Present value of this liability = Value of liability / ((1+r)^t)
Present value of this liability = $750 million / ((1+0.08)^17)
Present value of this liability = $750 million / (1.08)^17
Present value of this liability = $750 million / 3.7000180548
Present value of this liability = $202,701,713.5840815
Present value of this liability = $202,701,713.58
Perhaps the best method for estimating the market value of shareholders' equity is to: _____________
a. read from the firm's balance sheet.
b. read from the firm's income statement.
c. multiply number of shares outstanding by the price of each share.
d. add the retained earnings plus total liabilities.
Answer:
C.multiply number of shares outstanding by the price of each share
An investment project has annual cash inflows of $3,500, $4,400, $5,600, and $4,800, for the next four years, respectively. The discount rate is 14 percent. a. What is the discounted payback period for these cash flows if the initial cost is $6,200? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))Discounted payback period yearsb. What is the discounted payback period for these cash flows if the initial cost is $8,300? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))Discounted payback period yearsc. What is the discounted payback period for these cash flows if the initial cost is $11,300? (Do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))Discounted payback period years
Answer:
B 62,000 is the answer
Explanation:
On January 1, Eastern College received $1,280,000 from its students for the spring semester that it recorded in Unearned Tuition and Fees. The term spans four months beginning on January 2 and the college spreads the revenue evenly over the months of the term. What amount of tuition revenue should the college recognize on February 28? Assume the college prepares monthly financial statements.a. $640,000.b. $1,280,000.c. $880,000.d. $960,000.e. $320,000.
Answer:
e. $320,000
Explanation:
Calculation to determine amount of tuition revenue should the college recognize on February 28
Using this formula
Tuition revenue =Amount received/Term spans
Let plug in the formula
Tuition revenue=$1,280,000 /4 months
Tuition revenue=$320,000
Therefore amount of tuition revenue should the college recognize on February 28 is $320,000
The Metropolitan Bus Company (MBC) purchases diesel fuel from American Petroleum Supply. In addition to the fuel cost, American Petroleum Supply charges MBC $225 per order to cover the expenses of delivering and transferring the fuel to MBC's storage tanks. The lead time for a new shipment from American Petroleum is 10 days; the cost of holding a gallon of fuel in the storage tanks is $0.03 per month, or $0.36 per year; and annual fuel usage is 180,000 gallons. MBC buses operate 288 days a year.
Required:
a. What is the optimal quantity for MBC?
b. How frequently should MBC order to replenish the gasoline supply?
c. The MBC storage tanks have a capacity of 15,000 gallons. Should MBC consider expanding the capacity of its storage tanks?
d. What is the recorder point?
Answer:
A. 15,000
B. 12 times
C. No Need Of Expanding the storage tanks
D. 6,250 gallons
Explanation:
a. Calculation to determine the optimal quantity for MBC
Using this formula
Optimal quantity=√2×Demand quantity×Ordering cost÷Holding cost
Let plug in the formula
Optimal quantity=√2×180,000×$225÷$0.36
Optimal quantity=√225,000,000
Optimal quantity=15,000
Therefore the optimal quantity for MBC is 15,000
b. Calculation to determine How frequently should MBC order to replenish the gasoline supply
Using this formula
MBC order=Demand quantity÷ Economic Ordering quantity
Let plug in the formula
MBC order=180,000÷15,000
MBC order=12 times
Therefore How frequently should MBC order to replenish the gasoline supply will be 12 times
c.) If The MBC storage tanks have a capacity of 15,000 gallons there is NO NEED OF EXPANDING the storage tanks reason been that the OPTIMAL ORDER QUANTITY is 15,000 which is the same with MBC's tank storage capacity.
d. Calculation to determine the reorder point
Using this formula
Reorder point = Lead time× Average demand quantity
Where,
Lead time=10 days
Average Demand Quantity=180,000/$288
Average Demand Quantity=625
Let plug in the formula
Reorder point =10 days*625
Reorder point=6,250 gallons
Therefore Reorder point is 6,250 gallons
Grammy's Bakery had the following information for the bi-weekly pay period ending June 30: earnings
Employee Pay rate Hours Cumulative earnings Department Federal
Name worked prior to current payroll income tax
withheld
P Ganster $2.000 salaried 12000 itchen 86.00
T. Baker $10.00/hour 50 $6,500 Office $22.00
Assume:
FICA-OASDI applied to the first $117,000 at a rate of 6.2%.
FICA-Medicare applied at a rate of 1.45%
FUTA applied to the first $7,000 at a rate of 0.6%
SUTA applied to the first $7,000 at a rate of 5.4%
State income tax is 3.8%
Given the information above, what would be the amount applied to FUTA Payable?
a. Debit $3.00
b. Debit $20.40
c. Credit $3.00
d. Credit $20.40
Answer:
c. Credit $3.00
Explanation:
The computation of the amount applied to FUTA Payable is shown below:
The Current Earnings for T. Baker is
= 50 × 10
= $500
And,
The FUTA applied is
= 6% of $500
= $3
So here we credit the futa payable by $3
Therefore the option c is correct
And, the rest of the options are wrong
It has been said that Earned Value Management (EVM) came about because the Federal Government often used "Cost-plus" contractors with project organizations. Cost-plus contracting allows the contractor to recover full project development costs plus accumulate profit from these contracts. Why would requiring contractor firms to employ earned value management help the government hold the line against project cost overruns?
Answer:
Earned Value Management (EVM)
The Federal Government requires contractor firms to employ earned value management because it enables it to assess the work that has been completed against an established baseline plan in terms of technical, time, and cost performance.
Armed with this information, it is in a better position to make important project decisions and help to control over-spending.
Explanation:
Earned value management (EVM) as a integrated project management methodology details the project time schedule, costs, and scope to ensure correct measurement of project performance. Using planned and actual values, EVM enables future predictions, improving the ability of project managers to adjust according to requirements.
The fact that we can derive the British pound/Israeli shekel exchange rate, say, from the dollar/pound rate and the dollar/shekel rate follows from ruling out a potentially profitable arbitrage strategy known as triangular arbitrage. As an example, suppose that the British pound price of a zloty was below the British pound price of a dollar times the dollar price of a zloty, as depicted by the hypothetical data in the following table.
Exchange rate Value
British pound price of a zloty 4.0
British pound Vice of a dollar 1.60
U.S. dollar price of a zloty 5.00
Using $100 to purchase the Polish currency directly would obtain ___________ zlotys.
Answer:
The answer is "20".
Explanation:
In this question the given exchange rate for US dollar to a Zloty=5
for [tex]\$100[/tex] we get [tex]\frac{ 100}{5}=20 \ \ Zloty[/tex]
You bought Sumsung stock for $50 on April 1. The stock paid a dividend of $5 on July 1, and had a price of $53. It is now Oct. 1, and the stock price is $52. Treasury bills yield 1%.
Required:
a. What was the arithmetic average quarterly return?
b. What was the standard deviation of quarterly returns?
Answer:
a. 7.05%
b. 12.7%
Explanation:
a. The returns are:
First return July 1 = (Current price - Previous price + Dividend) / Cost price
= (53 - 50 + 5) / 50
= 16%
Second return Oct 1 = (52 - 53) / 53
= -1.9%
Arithmetic mean = (16 + (-1.9%)) / 2
= 7.05%
b. Variance = ((16% - 7.05%)² + (-1.9% - 7.05%)²)
= 160.205%
Standard deviation = √160.205
= 12.7%
The managers at Sonic SmartPhones are currently developing strategies for the company's new products and setting objectives for its business units. These managers are engaging in the management function of:__________.
Answer:
planning.
Explanation:
From the question, we are informed about the managers at Sonic SmartPhones who are currently developing strategies for the company's new products and setting objectives for its business units. These managers are engaging in the management function of planning.
Planning can be regarded as one of
management function which involves
process of thinking as regards the activities needed in achieving a desired goal. It can be regarded as first or foremost activity needed in achieving desired results. It encompass
creation as well as maintenance of a plan, this could be in psychological aspects which requires conceptual skills.
Compute cost of goods sold using the following information :
Finished goods inventory , beginning $780
Cost of goods manufactured 4560
Finished goods inventory , ending 850
Required:
Prepare the schedule of cost of goods manufactured for Barton Company.
Answer:
See below
Explanation:
Computation of cost of goods sold
Finished goods inventory : Beginning
$780
Add:
Cost of goods manufactured
$4,560
Finished goods available for sale
$5,340
Less :
Finished goods inventory : ending
($850)
Cost of goods sold
$4,490
Therefore, the cost of goods sold is $4,490
The number of times interest charges are earned is computed as
a. net income plus interest charges, divided by interest charges.
b. income before income tax plus interest charges, divided by interest charges.
c. net income divided by interest charges.
d. income before income tax divided by interest charges.
Answer:
B)income before income tax plus interest charges, divided by interest charges.
Explanation:
Interest charges can be regarded as
sum of interest that is on one's credit card account, It can be be defined base on transaction type, such as
cash advances , purchases, or balance transfers. If one is making less than full balance payment or making payment after due date, then one would be charged. Another point is that there is is no grace period for cash advances and balance transfers, i.e as the transaction is been made, there would be accrual of interest. Interest rate is a term for amount that is been charged by lender for usage of assets, and it's been expressed in term of percentage of the principal. It should be noted The number of times interest charges are earned is computed as income before income tax plus interest charges, divided by interest charges.
Suppose jess resigns from her low paying job. After looking for a new job for two weeks she is highly frusterated and gives up looking for a better paying job. According to the U.S. Bureau of Labor Statistics, jess would:____.
A) be considered unemployed.B) be considered employed.C) be considered temporarily unemployed.D) not be considered as a part of the labor force.E) be considered as seasonally unemployed.
Answer:
D) not be considered as a part of the labor force.
Explanation:
Labour force is defined as a group of individuals in an economy that are either employed or unemployed.
Employed individuals have jobs and are not actively looking for other opportunities.
Unemployed individuals according to the U.S Bureau of Labour Statistics are those that are employed and actively looking for other opportunities or that have no work and are looking jobs.
However in the given scenario Jess resigns from her low paying job and after looking for a new job for two weeks she is highly frusterated and gives up looking for a better paying job. She is considered not part of the labour force because she is not actively seeking employment
According to the U.S. Bureau of Labor Statistics, Jess would not be considered as a part of the labor force.
What is the term Labor force about?
Labor force is defined as a group of individuals in an economy that are either employed or unemployed.
Employed individuals have jobs and are not actively looking for other opportunities.
However, in the given scenario Jess resigns from her low paying job and after looking for a new job for two weeks she is highly frustrated and gives up looking for a better paying job. She is considered not part of the labor force because she is not actively seeking employment.
Therefore, correct option is D.
Learn more about Labor force, refer to the link:
https://brainly.com/question/13962639
Provide a recommendation to Kimishima on how Nintendo should formulate its strategy to compete successfully in the gaming industry in the next three to five years.
Should the company compete in software, hardware, or both? What platforms should it focus, if any? Were there ancillary revenue streams that the company could focus on, similar to other companies that had licensed their character IP? Alternatively, was it possible to create a corporate model similar to Legoland's or Walt Disney's?"
Answer:
Recommendation to Kimishima about Nintendo is given below:
Explanation:
Nintendo already have a goodwill with [now adults] because they have been playing Nintendo during their childhood, this goodwill can be revived by developing a software [Game] which is famous in Adults [Reality Game]. Also Nintendo can develop a hardware [Gaming Console] which should be compatible with other developers games and possibly cheaper in price to attract customers.
Nintendo already having goodwill, can develop a theme park with its characters and rides, this park can also have shops where Nintendo can sell its games and consoles.
Develop the three-week moving average forecasts for this time series. Compute MSE and a forecast for week 7 (to 2 decimals if necessary).Week Time Series ForecastValue 1 18 2 15 3 16 4 13 5 17 6 16MSE:
The forecast for week 7:
Use = 0.2 to compute the exponential smoothing values for the time series. Compute MSE and a forecast for week 7.Week Time Series Forecast
Value
1 18
2 15
3 16
4 13
5 17
6 16MSE:
The forecast for week 7:
Compare the three-week moving average forecast with the exponential smoothing forecast using = 0.2. Which appears to provide the better forecast based on MSE?
Answer:
a. We have:
MSE: 63.03
The forecast for week 7: 15.33
b. We have:
MSE: 47.49
The forecast for week 7: 16.35
c. The exponential smoothing forecast using = 0.2. appears to provide the better forecast based on MSE.
Explanation:
a. Develop the three-week moving average forecasts for this time series. Compute MSE and a forecast for week 7 (to 2 decimals if necessary).
Note: See Part a of the attached excel file for the Calculations of Forecast, Error, and Error^2.
From the attached excel file, we can have:
MSE = Mean squared error = Total of Error^2 / Number of observation under the Error^2 = 252.11 / 4 = 63.03
The forecast for week 7 = 15.33
b. Use = 0.2 to compute the exponential smoothing values for the time series. Compute MSE and a forecast for week 7.
Note: See Part b of the attached excel file for the Calculations of Forecast, Error, and Error^2.
From the attached excel file, we can have:
MSE = Mean squared error = Total of Error^2 / Number of observation under the Error^2 = 284.96 / 6 = 47.49
The forecast for week 7 = 16.35
Note that under exponential smoothing, forecast for week 2 has to be the Time Series Value for week 1.
b. Compare the three-week moving average forecast with the exponential smoothing forecast using = 0.2. Which appears to provide the better forecast based on MSE?
Since 47.49 MSE of the exponential smoothing forecast using = 0.2 is less than 63.03 MSE of the three-week moving average forecast, it implies that the exponential smoothing forecast using = 0.2. appears to provide the better forecast based on MSE.
Hillside issues $2,700,000 of 7%, 15-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $3,304,790.
Required:
Prepare the January 1, 2019, journal entry to record the bonds’ issuance.
Answer: Dr Cash $3,304,790
Cr Bonds payable $2,700,000
Cr Premium on bond issued $604,790
Explanation:
The journal entry to record the bonds’ issuance will be illustrated below:
January 1, 2019
Debit Cash $3,304,790
Credit Bonds payable $2,700,000
Credit Premium on bond issued $604,790
Which is an example of regulation in the automobile industry?
Answer:
Introduction of fuel-efficiency standard for cars
Answer:
the creation of fuel-efficiency standards for cars
Explanation:
the creation of fuel-efficiency standards for cars
the installation of satellite radio systems in some cars
the usage of multiple-year warranties to cover repairs
the production of hybrid models that conserve gasoline
In Brazil, the reference base period for the CPI is 2000.By 2016, prices had risen by 187 percent since the base period. The inflation rate in Brazil in 2017 was 3.4 percent, and in 2018, the inflation rate was 3.7 percent.Calculate the CPI in Brazil in 2017 and 2018. Brazil's CPI in 2019 was 318. Did Brazil's cost of living increase or decrease in 2019?The CPI in Brazil for 2017 is __.The CPI in Brazil for 2018 is __.Did Brazil's cost of living increase or decrease.
Answer and Explanation:
The computation is shown below:
Reference base year is 2000 and as it's the base year, So the CPI is 100.
Now
The prices have risen by 187% by 2016 means the CPI is
= 100 + 187% of 100
= 287.
And,
There is 3.4% inflation in 2017 that means prices have increased by 3.7% in 2017 compared to 2016.
Now
CPI is 287 + 3.4% of 287
= 296.758
CPI in 2017 = 296.758
In 2018, inflation is 3.7%,
CPI = 296.758 + 3.7%
= 307.74
CPI in 2018 = 307.74
In 2019, CPI is 318, which is approx 3.3% higher than as compared to the year 2018 so
Brazil's cost of living rised in 2019.
CPI of Brazil in 2017 is 296.76
CPI of Brazil in 2018 is 307.74
So,
Brazil's cost of living increases every year
The relationship between current assets and current liabilities is called:_______
a) the matching principle.
b) useful in determining income.
c) useful in evaluating a company's liquidity.
d) useful in determining the amount of a company's long-term debt.
Answer:
Option "C" is correct.
Explanation:
Option "C" is correct because the current assets and current liabilitites are used to find the liquidity. The current liabilities are the one that has to pay within the year. Similarly, the current assets are the ones that can be converted into cash within the year. Therefore, the evaluation of both gives the idea of the company's liquidity.