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kkurt [141]
3 years ago
8

Malcolm is a professional writer. He has already published many best-sellers. One of his friends expressed interest in knowing m

ore about his writing process, so Malcolm showed his friend a few of his first drafts. The friend observed that the drafts were nothing like the final book, and the writing seemed amateurish compared to Malcolm's published work. When asked about it, Malcolm said that it was the normal way of things. In this scenario, which of the following is a likely reason for this?​A) ​Malcolm would have revised his work many times before he was satisfied with it.B) ​The publishing company would have changed Malcolm's books entirely before publishing them.C) ​The drafts were long and cohesive because Malcolm would have spent time making sure the first draft was perfect.D) ​Writers only create first drafts; other people produce all subsequent drafts.
Business
1 answer:
maxonik [38]3 years ago
4 0

Answer:

Malcolm is a professional writer. He has already published many best-sellers. One of his friends expressed interest in knowing more about his writing process, so Malcolm showed his friend a few of his first drafts. The friend observed that the drafts were nothing like the final book, and the writing seemed amateurish compared to Malcolm's published work. When asked about it, Malcolm said that it was the normal way of things. In this scenario, the following is the reason of this:

A) ​Malcolm would have revised his work many times before he was satisfied with it.

Explanation:

  • The option A is best reason because generally a writer doesn't break his or her flow while writing and that is what Malcolm would have done. After, he would have revised his work many times until he was satisfied.
  • The option B is not correct as it is not possible to change the book of a writer entirely by the publishing company.
  • The option C is also incorrect as the drafts were not long and cohesive because his friend found the draft amateurish but not perfect.
  • The option D is incorrect as it is not true that writers only create first draft and other people produce all other subsequent drafts.

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A firm has a net profit/pretax profit ratio of .6, a leverage ratio of 1.5, a pretax profit/EBIT of .7, an asset turnover ratio
Alenkinab [10]

Answer:

The answer is A.15.12%.

Explanation:

Please find the below for explanation and calculations:

We have EBIT = Pretax profit /0.7 = Net profit / (0.6 x 0.7) = 0.42 x Net Profit

=> Net profit / Sales = Profit margin =  0.42 x EBIT/ Sales = 0.42 x Return-on-sales = 2.52%;

Leverage ratio = Asset/ Equity = 1.5;

Sales / Asset = asset turn over ratio = 4;

Apply the Dupont model we have:

Return on Equity = Leverage ratio x Profit Margin x Leverage ratio = 2.52% x 1.5 x 4 = 15.12%.

Thus, the answer is A. 15.12%.

6 0
3 years ago
According to GAAP, the amount of bad debt expense can be estimated by: A. Only the percent of sales method. B. Only the percent
yarga [219]

Answer:

E. Bad debt expense can be estimated by the percent of sales method, the percent of accounts receivable method, or by the aging of accounts receivable method.

Explanation:

The bad debt is an expense that is to be shown on the debit side of the income statement. It refers to the amount which is not collectible by the company due to partie bankruptcy

It can be estimated by the following methods using the Generally accepeted accounting principles (GAAP)

1. percent of accounts receivable method,

2. percent of sales method

3. the aging of accounts receivable method

Hence, the correct option is E.

7 0
3 years ago
A new highway is to be constructed.
baherus [9]

Answer:

Desing B

<u><em>Total Present worth</em></u>     $  502.485,35‬

<u><em>Annual worth:</em></u>              $    49,722.003

Option 2:

<u><em>Total Present worth</em></u>     $  666.441,33‬

<u><em>Annual worth:</em></u>              $   53,845.798

Explanation:

<h2>Desing A</h2>

$85 x 5280     =   448,800

$4 x 3 x 5280  =     63,360

$8000 x 4        = <u>    32,000  </u>

total cost:                544,160‬

Annual cost:

11,800 + 300 = 12,100

PV of the annual maintenance:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 12,100.00

time 16

rate 0.06

12100 \times \frac{1-(1+0.06)^{-16} }{0.06} = PV\\

PV $122,281.3328

<u><em>Present worth:</em></u>

total cost to construct  544,160‬ + maintenance $122,281.33 = 666.441,33

<u><em>Annual worth:</em></u>

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV 544,160

time 16

rate 0.06

544160 \div \frac{1-(1+0.06)^{-16} }{0.06} = C\\

C  $ 53,845.798

<h2>Desing B</h2>

a mile is equivalent to 5,280 foot

paviment $40 x 5,280 = $ 211,200

sood ditched 2 per foot x 5,280 foot per mile x $1.40 = $ 12,038.4

pipe culvert 2,200 x 2 = 4,400

Total value to construct: 227.638,4‬

PV of maintenance:

replacement 2,400 x 2 = 4,800 (in 8 years)

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  $4,800.0000

time  8.00

rate  0.06000

\frac{4800}{(1 + 0.06)^{8} } = PV  

PV   3,011.5794

maintenance $2,900

culverts 2 x $ 230 = $ 460

ditch 1.45 x 5,280 x 2 = $ 15,312

Total yearly cost: 18.672‬

PV of this annuity over 16 years:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 18,672.00

time 16

rate 0.06

18672 \times \frac{1-(1+0.06)^{-16} }{0.06} = PV\\

PV $188,697.2765

PV of the replacement bituminous concrete

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  $211,200.0000

time  16.00

rate  0.06000

\frac{211200}{(1 + 0.06)^{16} } = PV  

PV   83,138.0951

<u><em>Present worth:</em></u>

Total value to construct: $  227.638,4‬ +

yearly cost PB                 $  188,697.28 +

concrete replacement    $ 83,138.0951

culvert replacement:       $<u>   3,011.58      </u>

Total Present worth        502.485,35‬

<u><em>Annual worth:</em></u>

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

502485.35 \div \frac{1-(1+0.06)^{-16} }{0.06} = C\\

C  $ 49,722.003

<em><u /></em>

6 0
3 years ago
Business <br> 12 questions please help!!
erma4kov [3.2K]

Answer:

Fill in the blanks

Explanation:

8 0
3 years ago
Tyler Industries currently manufactures one of its crucial parts at a cost of $4.50 per unit. This cost is based on a normal pro
lora16 [44]

Answer:

$175,000

Explanation:

Given:

Per unit cost of manufacturing = $4.50

Normal production rate = 50,000 units per year

Direct materials and direct labor costs = $2.50 per unit

Incremental overhead costs = $50,000 per year

Allocated fixed overhead costs = $50,000 per year

Quoted price = $3.70 per unit

Now,

total relevant cost per unit

= Direct materials and direct labor costs + (allocated fixed overhead costs ÷ Number of units to be made )

= $2.50 + \frac{50,000}{50,000}

= $2.50 + $1

= $3.50

Therefore,

Total relevant cost of making 50000 units

= $3.5 × 50,000

= $175,000

3 0
3 years ago
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