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3 years ago

Which of the following statements is FALSE?

Business

1 answer:

Illusion [34]3 years ago

6 0

Answer:C. Smaller stock have lower volatility than larger stock.

Explanation:

Volatility refers to the prones of a stock price to changes in market conditions. The higher the impact of changes in market conditions on a stock the higher the volatility level and the lower the impact of changes in market conditions on a stock price the lower the volatility. However the size of a stock does not necessarily determine the level of his volatility, a

stock may be small but still have a large volatility level and stock may be large and have low volatility level.

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Which is not a task of the bankruptcy trustee?

klio [65]

Answer:

The option which is not a task of the bankruptcy trustee is;

Represent the debtor when meeting with creditors

Explanation:

In a case of bankruptcy a bankruptcy trustee is assigned by the court and to whom the case information is handed to perform the following tasks

1) Converts the collected company assets to money

2) Assess the creditors (owed by the debtor) proof of claims

3) Allocate monetary refunds to the creditors

4) Upholds or refuse claimants to specific debts

5) Completes tax and other financial reports that are submitted to government agencies

3 0

2 years ago

Read 2 more answers

Vance has a vested account balance in his employer-sponsored qualified profit-sharing plan of $40,000. He has two years of servi

Maurinko [17]

Answer: $5,000

Explanation:

Per the requirements of qualified plans that permit loans, the maximum amount that an individual can withdraw is whichever is lesser between $50,000 and 50% of their Vested Account Balance.

Vance in this scenario has a vested account balance of $40,000.

50% of that would be $20,000.

That means that he can be loaned $20,000. However, he already has an outstanding loan balance that must be accounted for of 15,000.

Subtracting those figures we have,

= 20,000 - 15,000

= $5,000

The maximum loan that Vance can take from the qualified plan is $5,000

7 0

3 years ago

Allocative efficiency is concerned with :_________.

Digiron [165]

A) Producing the combination of goods most desired by society

8 0

3 years ago

Royal Decking has five products in its inventory. Information about the December 31, 2021 inventory is below:

wariber [46]

Answer:

Royal Decking

A) Per unit value for each of Royal Decking's products, applying LCNRV:

Product Cost Sales Price NRV LCNRV

A $40 $60 $44 ($60 - 12 - 4) $40

B 80 100 $72 ($100 - 20 - 8) $72

C 40 80 $60 ($80 - 16 - 4) $40

D 100 130 $84 ($130 - 26 - 10) $84

E 20 30 $22 ($30 - 6 - 2) $20

B. Total Inventory on the balance sheet is:

$256,000

Explanation:

a) Data and Calculations:

Ending Inventory at December 31, 2021:

Product Cost Sales Price NRV LCNRV Inventory value

A $40 $60 $44 ($60 - 12 - 4) $40 $40,000

B 80 100 $72 ($100 - 20 - 8) $72 $72,000

C 40 80 $60 ($80 - 16 - 4) $40 $40,000

D 100 130 $84 ($130 - 26 - 10) $84 $84,000

E 20 30 $22 ($30 - 6 - 2) $20 $20,000

Total inventory value $256 $256,000

= ($256 * 1,000)

Selling costs = 20% of selling price

Shipping costs = 10% of cost

5 0

2 years ago

E3-27 (book/static) The Home Style Eats has two restaurants that are open 24 hours a day. Fixed costs for the two restaurants to

vazorg [7]

Answer:

Explanation:

Contribution Margin=Sales - variable cost =$8.75-$3.50=$5.25

Contribution Margin Ratio = Contribution Margin / Sales = $5.25/ $8.75=60%

Pre-Tax Net Income=Net Income/(1-tax rate)

$117,600/(1-0.36)=$183,750

Target Revenue =Fixed cost +Target Pre-Tax net Income/Contribution margin Ratio =($430,500+$183,750)/0.6=$1,023,750

2. Number of customers needed to Break Even

Fixed costs/Contribution margin per unit=$430,500/$5.25=82,000 Customers

Number of customers to earn 117,600 = (Fixed costs + 117,600)/5.25 = (430,500+117,600)/5.25 = 104,400

Sales (170,000*8.75) 1,487,500

Less: Cost of goods sold (170,000*3.50) -595,000

Contribution margin 892,500

Less: fixed costs -430,500

Net Income before tax 462,000

Less: tax rate (462,000*36%) - 166,320

Net Income after tax 295,680

3 0

2 years ago