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gayaneshka [121]
3 years ago
6

Manero Company included the following information in its annual report: 20X3 20X2 20X1 Sales$178,400 $162,500 $155,500 Cost of g

oods sold 115,000 102,500 100,000 Operating expenses 50,000 50,000 45,000 Operating income 13,400 10,000 10,500 In comparison to year 20X2, the increase in operating income of 20X3 was primarily caused by the effect of margin increase of (ignore taxes):Multiple Choice$2,422.$3,400.$978.$1,194.
Business
1 answer:
UkoKoshka [18]3 years ago
4 0

Answer:

Manero Company

In comparison to year 20X2, the increase in operating income of 20X3 was primarily caused by the effect of margin increase of

= $3,400.

Explanation:

a) Data and Calculations:

                                    20X3        20X2         20X1

Sales                        $178,400  $162,500 $155,500

Cost of goods sold    115,000    102,500   100,000

Operating expenses 50,000     50,000     45,000

Operating income      13,400      10,000      10,500

Increase in operating income of 20X3 compared to 20X2 is $3,400 ($13,400 - $10,000)

This increase represents 34% increase in the margin of 20X3 when compared to 20X2.  The increase resulted from increased sales revenue.

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Answer:

Explanation:

  • The bond has 8% coupon paid semiannually, and those bonds sell at their par value.
  • Since the bond sales at par value, Market rate (Yield) = Coupon rate =8%

<u>Second bond:</u>

  • Coupon rate = 8%
  • Par value = $1,000
  • Semiannual coupon amount = 1000 x 8%/2 = $40
  • Time to maturity = 6 years = 12 semiannual periods
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To get price of this bond we will use PV function of excel:

= PV (rate, nper, pmt, fv, type)

= PV (4%, 12, -40, -1000, 0)

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  • Price of this bond = $1,053.3
7 0
3 years ago
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Why should employees be wary of participating in the grapevine in a business
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First, we need to understand what grapevine means in business communication. Therefore, grapevine communication is a form of informal communication within a business organization, in other words, information is never accurate with grapevine, and this will certainly pose a threat to any business, remember, effective communication is an integral part of any organization.

Below are some of the reasons why managers should be wary of grapevine communication


1) Communications through grapevines are often not trustworthy as it is an unofficial way of communication.

2) It might cause a hostile environment between lower level staff and the executives, for instance, a colleague tells you that the boss is not happy with your work, or that your boss said he doesn't like you, this might be false, and it might affect your attitude towards your boss.

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 Managers are often advised to be wary of grapevine within an organization, however, managers should note that grapevine cannot be eliminated from any organization, but it can be minimized if managers engage in effective communication with their employees.

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Without creating a separate business organization, Reynold starts up and assumes the financial risk of, Sole Savers, a new, pre-
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Answer:

C: a franchisee

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A franchise is a business relationship where a firm goes into agreement with another firm to represent the former in another geographical region or service. The franchisor is the parent company while the franchisee is the independent agent.

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3 years ago
Innovative Products reported net income of $219,000. Beginning and ending inventory balances were $44,500 and $46,500, respectiv
andrew11 [14]

Answer:

$213,500

Explanation:

Given the information above, first, we'll determine increase in inventory

Increase inventory = Ending inventory - Beginning inventory

Increase inventory = $46,500 - $44,500

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We will also calculate decrease in account payable

Decrease in accounts payable = Beginning accounts payable - Ending accounts payable

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3 0
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Answer:

Devil’s advocacy

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This method helps in determining the dangers of any action taken by an individual or group of persons.

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