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3 years ago

When comparing a Variable Rate Demand Obligation (VRDO) to an Auction Rate Security (ARS), which statement is FALSE?

Business

1 answer:

lozanna [386]3 years ago

5 0

Answer:

Both have tender options.

Explanation:

Variable rate demand obligation and Auction rate securities both are long term bonds which have interest rate that reset weekly or monthly. This advantages the issuer with lower short term rates despite of long term security. Both of these securities are subject to credit risk of the issuer and they are marketed by broker dealers.

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Zappos trains, educates, and gives its employees the knowledge to make decisions in the workplace. this philosophy is referred t

Elenna [48]

The philosophy discussed above is called enabling.
Enabling is providing workers with the education and tools they need to make decisions. Companies can empower workers by enabling them with the knowledge to make decisions that will benefit the company and satisfy the customers in the long run. This will lead to increase in profitability.

6 0

3 years ago

Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Johnstone Manufacturing Company for the month

julsineya [31]

Answer and Explanation:

a. The preparation of the cost of goods manufactured statement is as follows:

Opening work in process $119,760

Direct Material

Opening inventory $178,750

Add: Material Purchased $343,200

Cost of Materials Available $521,950

Less: Ending Inventory -$151,940

Cost of Direct Materials Used $370,010

Direct Labor $321,750

Factory Overhead:

Indirect Labor $34,320

Machinery Depreciation $20,740

Heat, Light and Power $7,150

Supplies $5,720

Property Taxes $5,010

Miscellaneous Costs $9,300

Total Factory Overhead $82,240

Total Manufacturing Costs Incurred $774,000

Total Manufacturing Costs $893,760

Less: Ending Work in Process $101,800

Cost of Goods Manufactured $791,960

b. Now the cost of goods sold is

Cost of Goods Sold= Cost of Goods Manufactured + Beginning Finished Goods - Ending Finished Goods

= $791,960 + $91,160 - $103,320

= $779,800

5 0

2 years ago

Stewart Inc.'s latest EPS was $3.50, its book value per share was $22.75, it had 220,000 shares outstanding, and its debt-to-ass

stellarik [79]

Answer: Option (c) is correct.

Explanation:

Given that,

EPS = $3.50

Book value per share = $22.75

Shares outstanding = 220,000

Debt-to-assets ratio = 46%

Total Equity (Book Value) = Book value per share × Shares outstanding

= $22.75 × 220,000

= $5,005,000

Total Assets = $\frac{Total\ Equity}{1 - Debt\ to\ assets\ ratio}$

= $\frac{5,005,000}{1 - 0.46}$

= $9,268,518.52

Debt outstanding = Total Assets - Total Equity

= $9,268,518.52 - $5,005,000

= $4,263,518.52

= $4,263,519 (approx)

5 0

2 years ago

A recent college graduate has obtained employment at a major financial institution in the big city. Since she just graduated, sh

Romashka-Z-Leto [24]

Answer:

$2,200

Explanation:

Calculation to determine what should this recent grad be willing to pay in rent per month

First step is to calculate the work days

Using this formula

Work days = 5 days per week x 1 hour to work+ 1 hour from work

Let plug in the formula

Work days = 5 days a week x 2 hours

Work days= 10 hours

The second step is to calculate the monthly commuting in a standard month of 4 weeks

Monthly commuting = 4 x 10 hours

Monthly commuting = 40 hours

Third step is to calculate hourly how much she will be able to maximize

Amount maximize = $25 x 40 hours (commuting hours)

Amount maximize= $1,000

Now let determine The total she will be willing to pay in rent

Rent per month= $1,200 + $1,000

Rent per month=$2,200

Therefore what should this recent grad be willing to pay in rent per month is $2,200

4 0

3 years ago

If a consumer chooses not to perceive they are reaching ________.

Yuliya22 [10]

Quality value price reach consumer goods

8 0

3 years ago