Challenging Business Problems with Detailed Answers

the level of real income of a firm can be distorted by the reporting of depreciation and interest expense. during periods of low inflation, the level of reported depreciation tends to
1 Answer
karen says that she is a successful leader because when she tells her subordinates to do something, they do it because she's the boss. what source of power karen is using as a leader?
1 Answer
use your completed reading guide to answer the question. what did not contribute to the collapse of the stock market in 1929?
1 Answer
a. what is the last day that kathy can purchase the stock (trade date) and still receive that dividend? b. what day does this stock begin trading ex dividend?
1 Answer
brad has decided to increase the size of his auto repair business, although he realizes that this decision brings added risk. this is an example of what risk?
1 Answer
which describes a situation in which a surplus occurs? responses a cell phone company cuts its rates to attract new customers. a cell phone company cuts its rates to attract new customers. a publisher has printed more copies of a book than people want to read. a publisher has printed more copies of a book than people want to read. a car company tries to charge too high a price for a new model of minivan. a car company tries to charge too high a price for a new model of minivan. a clothing store puts bathing suits on sale to get rid of them before the end of summer.
2 Answers
consider a market with an effective price ceiling. if supply decreases, what will happen to the price in the market and the quantity exchanged in this market?
1 Answer
what is the purpose of an adjusted trial balance? multiple choice an adjusted trial balance is prepared to check that the accounting records are still in balance, after having posted all recurring daily transactions to the t-accounts. an adjusted trial balance is prepared to check that the accounting records are still in balance, after having posted all adjusting entries to the t-accounts. if an adjusted trial balance is prepared, there is no need to post the adjusting entries to the t-accounts. an adjusted trial balance takes the place of financial statements.
1 Answer
jet, inc., has net sales of $712,478 and accounts receivable of $167,435. what are the firm's accounts receivable turnover and days' sales outstanding? round your accounts receivable
1 Answer
camila purchased a house for $89,000, spent $56,000 upgrading it, and recently had it appraised at $212,900. the house is being rented to a family for $1,200 per month, the maintenance expenses average $200 per month, and the property taxes are $4,800 per year. if she sells the house she will incur $20,000 in expenses. she is considering converting the house into professional office space. what opportunity cost, if any, should she assign to this property if she has been renting it for the past two years? multiple choice $178,500 $120,000 $185,000 $192,900 $232,900
1 Answer
trevor is well-educated, and has many of the skills required by his very busy office. he is dedicated to his work, and likes to work on projects by himself. he arrives on time each day, spends his time working hard, and does not socialize much. however, he has difficulty completing as many projects as his coworkers can complete, especially when he is unsure how to complete a certain task that his coworkers specialize in. because of this, he sometimes receives below-average ratings during employee reviews. in which soft skill category should trevor try to improve?
1 Answer
in a world ever sensitive to social and environmental issues, more and more firms are embracing csr and sustainability. such firms are more likely than not to . a. develop closer relations with foreign stakeholders to better understand their needs and work jointly toward solutions b. minimize their contribution to the local community in order to maximize profits c. be reluctant to hire managers from around the world d. favor region-specific csr standards to global csr standards for foreign operations
1 Answer
if the dollar appreciates because of speculation or government policy, . question 2 options: aggregate demand shifts right. if other countries experience recessions, aggregate demand in the u.s. also shifts right. aggregate demand shifts left. if other countries experience recessions, aggregate demand in the u.s. also shifts left. aggregate demand shifts left. if other countries experience recessions, aggregate demand in the u.s. shifts right. aggregate demand shifts right. if other countries experience recessions, aggregate demand in the u.s. shifts left.
1 Answer
a company is planning to purchase a machine that will cost $47,652, have a six-year life, and will have no salvage value. the company expects to sell the machine's output of 3,000 units evenly throughout each year. a projected income statement for each year of the asset's life appears below. what is the payback period for this machine? sales $ 171,000 costs: manufacturing $ 102,600 depreciation on machine 4,000 selling and administrative expenses 57,000 (163,600) income $ 7,400
1 Answer
the length of time that customers are willing to wait for service before leaving, or before lowering their perception of the quality of the service company is directly related to the effectiveness of the queueing system being used by the service company to manage customers. the length of time that customers are willing to wait for service before leaving, or before lowering their perception of the quality of the service company is directly related to the effectiveness of the queueing system being used by the service company to manage customers. true false
1 Answer
what is the difference between mechanisms and policies? a. mechanisms determine what will be done, while policies decide when it will be done b. mechanisms determine how something will be done, while policies decide what will be done c. mechanisms determine how something will be done, while policies decide why something will be done d. mechanisms determine what will be done, while policies decide how it will be done
1 Answer
novak corp. reported the following balances at december 31, 2021: common stock $409,000, paid-in capital in excess of par-common stock $106,500, and retained earnings $259,000. during 2022, the following transactions affected stockholders' equity. 2. 3. 4 issued preferred stock with a par value of $128,000 for $204,000. purchased treasury stock (common) for $40.000 earned net income of $140,000. declared and paid cash dividends of $52,500. prepare the stockholders' equity section of novak corp.'s december 31, 2022, balance sheet.
1 Answer
during its first year of operations a company recorded accrued warranty expense totaling $75,000 for book purposes. for tax purposes, $25,000 of the expenses are deductible during the first year of operations and $50,000 are deductible during the second year of operations. book income from operations during the first year was $750,000. the enacted income tax rate was 21% during the first year of operations and 25% during the second year of operations. the income tax expense to be reported in the income statement for the first year of operations is:
1 Answer
given a $200,000 loan, monthly payments, 30 years at 3.75%, how much interest is paid over the life of the loan, assuming no prepayment?
1 Answer
luther industries has $5 million in excess cash and 1 million shares outstanding. luther is considering investing the cash in one-year treasury bills that are currently paying 5% interest and then using the cash to pay a dividend next year. alternatively, luther can pay the cash out as a dividend immediately and the shareholders can invest in the treasury bills themselves. assume that the corporate tax rate is 40%. 38. if luther invests the excess cash in treasury bills, then the present value of the dividend per share next year will be closest to:
1 Answer
a company buys electronic components, assembles them into pcs, and then ships them to customers. in this case the electronic components are for the company. a.inputs b.processes c.products d.outputs e.services
1 Answer
. for music produced for commercials, what party is responsible for filing work reports with labor unions and coordinating with a third-party payroll service?
1 Answer
firms a and b are within an oligopolistic market. firm a lowers the price for one of its goods and in retaliation, firm b decides to set a policy that will keep the price for its comparable good lower than firm a's. based on the given information, which statement is true?
1 Answer
the passage of prop. 13 caused a. nothing to change in the real estate market.b. a shortage of homes for sale--homeowners tended to stay put.c. many people to want to buy homes that were locked in under prop. 13.d. an increase in the number of homes on the market.
1 Answer