In the late 1930s management at Atalanta Industries agreed to hire only those workers who were already members of the Electrical Union. Atlanta agreed to a type of arrangement known as a(n)

Answers

Answer 1
Answer:

Answer: closed shop

Explanation:

From the question, we are informed that in the late 1930s management at Atalanta Industries agreed to hire only those workers who were already members of the Electrical Union.

It should be noted that here, Atlanta agreed to a type of arrangement known as closed shop. This occurs when the workers have to belong to a particular union before they'll be employed. This was legal in 1930 but it was later declared illegal by Taft Hartley Act.


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Which of the following is not an important question to ask when developing a data collection plan?a. Who will be responsible for collecting the data?b. What is the source of the data?c. What is the reason for collecting the data?d. Is it possible to make decisions without collecting data?
Aspin Corporation’s charter authorizes issuance of 2,100,000 shares of common stock. Currently, 1,400,000 shares are outstanding, and 300,000 shares are being held as treasury stock. The firm wishes to raise $44,000,000 for plant expansion. Discussions with its investment bankers indicate that the sale of new common stock will net the firm $55 per share.a.  What is the maximum number of new shares of common stock that the firm can sell without receiving further​authorization?b.  Judging on the basis of the data given and your finding in part a in part a, will the firm be able to raise the needed funds without receiving further​ authorization?c.  What must the firm do to obtain authorization to issue more than the number of shares found in part a?
A machine that cost $400,000 has an estimated residual value of $40,000 and an estimated useful life of four years. The company uses straight-line depreciation. Calculate its book value at the end of year 3What is the Book Value?A machine that cost $400,000 has an estimated residual value of $40,000 and an estimated useful life of 20,000 machine hours. The company uses units-of-production depreciation and ran the machine 3,000 hours in year 1, 8,000 hours in year 2, and 6,000 hours in year 3.Calculate its book value at the end of year 3.A machine that cost $400,000 has an estimated residual value of $40,000 and an estimated useful life of four years. The company uses double-declining-balance depreciation.Calculate its book value at the end of year 3.
Read the following descriptions and identify the type of risk or term being described:a. This type of risk relates to fluctuations in exchange rates. b. This type of risk is inherent in a firmâs operations. A standard measure of the risk per unit of return. This can be used to reduce the stand-alone risk of an investment by combining it with other investments in a portfolio.c. A standard measure of the risk per unit of return d. This type of risk relates to fluctuations in exchange rates
The following information pertains to Guillotine Corporation: Beginning inventory 1,000 units Ending inventory 6,000 units Direct labor per unit $40 Direct materials per unit $20 Variable overhead per unit $10 Fixed overhead per unit $30 Variable selling and admin. costs per unit $6 Fixed selling and admin. costs per unit $14A) What is the value of the ending inventory using the absorption costing method?a) $600,000b) $100,000c) $120,000d) $70,000

ank states that its decision to offer home loans at an extremely low initial, but variable, rate is rooted in the idea that all have a right to owning an affordable home. The bank does not state that the loans are packaged in a product sold to another, larger bank that may or may not work with customers in difficult situations. The smaller bank is no longer exposed to the risk of longer-term loans, and makes a large profit. Which moral theory is the bank operating under?

Answers

Answer: Ethical Egoism

Explanation:

The theory of Ethical Egoism posits that people or entities are well within their rights to act in a manner that benefits their best interest and in so doing are being good in their own right.

The small bank acted in such a manner that it left itself unexposed to risk whilst still making quite a huge profit. The small bank pursued its own interests and so followed the moral theory of Ethical Egoism.

Final answer:

The bank is operating under the moral theory of Moral Egoism. It acts in its own best interest by making large profits off the home loans and offloading the long-term risk.

Explanation:

The bank's actions seem to align with the Moral Egoism theory. This theory suggests that an entity, in this case, the bank, acts in its own best interest. Offering home loans at extremely low initial rates turns in large profit for the bank, which is its main interest. However, offloading the risk of these loans onto another bank marks the bank's primary focus on their well-being rather than the consequences for their customers in the long run. These customers may struggle if the larger bank they deal with lacks flexibility in difficult situations.

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A single stock futures contract on a nondividend-paying stock with current price $180 has a maturity of one year. a. If the T-bill rate is 4.0%, what should the futures price be? (Round your answer to 2 decimal places.) Futures price $

b. What should the futures price be if the T-bill rate is still 4.0% and the maturity of the contract is three years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Futures price $

c. What if the interest rate is 6.5% and the maturity of the contract is three years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Futures price $

Answers

Answer:

a. $187.20.

b. $202.48.

c. $217.43.

Explanation:

Please find the below for detailed explanations and calculations:

We have the formula for determining the future price of the non-dividend-paying stock as below:

Future price = Spot price x (1+ annual risk free rate )n; which n = number of year(s) to maturity.

Thus, apply the general formula above, we have the below calculations:

a. Future price = 180 x (1+4%)^1 = $187.20;

b. Future price = 180 x ( 1+4%)^3 = $202.48;

c. Future price = 180 x (1+6.5%)^3 = $217.43.  

Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans production of 240,000 units in the second quarter and 52,500 units in the third quarter. Raw material inventory is 43,200 pounds at the beginning of the second quarter. Other information follows:Direct materials Each unit requires 0.60 pounds of a key raw material, priced at $175 per pound. The company plans to end each quarter with an ending inventory of materials equal to 30% of next quarter’s budgeted materials requirements.
Prepare a direct materials budget for the second quarter.

Answers

Answer and Explanation:

The Preparation of direct materials budget for the second quarter is prepared below:-

                                          Rida, Inc.,

                                 Direct materials budget  

                                 For the second quarter

Particulars                                            Amount

Production Unit                                    240,000

Raw material per unit                           0.60

Raw material needed for production 144,000

(240,000 × 0.60)

Add: Desired ending inventory          9,450

(52,500 × 0.6 × 30%)  

Total amount                                       153,450

Less: Beginning inventory                  ($43,200)

Direct material purchase                    $110,250

Cost per pound                                    $175

Direct material purchase cost          $19,293,750

Therefore to reach at direct material purchase cost we simply multiply the direct material purchase cost with cost per pound.

n its 2016 annual report, Kohl's Corporation reported the following (in millions): Total assets $13,574 Total shareholders' equity $ 5,177 Total liabilities $ 8,397 What proportion of Kohl's Corporation is financed by nonowners?

Answers

Answer:

Proportion of Kohl's Corporation financed by non-owners = approximately 61.9%

Explanation:

The formula used for calculating the proportion financed by non-owners is given as:

Proportion of Kohl's Corporation financed by non-owners = liabilities / total assets

As total assets in the annual report of Kohl's Corporation = $13,574

and total liabilities in the annual report of Kohl's Corporation = $ 8,397

therefore by putting the values in the above formula, we get

Proportion of Kohl's Corporation financed by non-owners = 8397 / 13574

Proportion of Kohl's Corporation financed by non-owners = 0.6186

Converting this result to the percentage, we get

Proportion = 0.6186 * 100

Proportion of Kohl's Corporation financed by non-owners = 61.86%

or approximately 61.9%

Corporation needs to raise $70 million to finance its expansion into new markets. The company will sell new shares of equity via a general cash offering to raise the needed funds. The offer price is $30 per share and the company’s underwriters charge a spread of 8 percent. If the SEC filing fee and associated administrative expenses of the offering are $575,000, how many shares need to be sold? (Do not round intermediate calculations and enter your answer in shares, not millions of shares, rounded to the nearest whole number, e.g., 1,234,567.)

Answers

Answer:

$2536.232

Explanation:

The spread in this case is 30*8% = 2.4  

A spread is simply gap between the bid and the ask prices of a security or asset, like a stock, bond or commodity and the net proceeds are the amount of money the seller receives following the sale of an asset after all costs and expenses are deducted from the gross proceeds.

The net proceeds in this case is 30-2.4 =27.6

To get the number of share we can simply divide the funds need by the net proceeds per share = 70000000/27.6  = $2536.232. Therefore the correct answer is $2536.232

The records of Cullumber’s Boutique report the following data for the month of April. Sales revenue $106,300 Purchases (at cost) $51,500 Sales returns 2,100 Purchases (at sales price) 88,500 Markups 10,100 Purchase returns (at cost) 2,100 Markup cancellations 1,700 Purchase returns (at sales price) 3,000 Markdowns 9,800 Beginning inventory (at cost) 17,564 Markdown cancellations 2,900 Beginning inventory (at sales price) 42,500 Freight on purchases 2,600. Compute the ending inventory by the conventional retail inventory method.

Answers

Answer:

the answer is in the explanation

Explanation:

particulars                                                 cost                           retail

beginning inventory                            $17,564.00               $42,500.00

purchases                                            $51,500.00               $88,500.00

purchases returns                              $-2,100.00               $ -3,000.00

freight on purchsases                        $2,600.00  

total                                                     $69,564.00                              $1,28,000.00

(+) markups                                                                                  $10,100.00

(-)markup cancellation                                                              $ -1,700.00

COST OF GOODS AVAILABLE           $69,564.00                 $1,36,400.00

FOR SALE

(+) mark downs                                                                               $-9,800.00

(-) markdown cancellations                                                 $2,900.00

sale price of goods available            $69,564.00             $1,29,500.00

for sale(A)

 

(-) net sales($106300-$2100)(B)                                           104200

 

ending inventory at retail price                                     $25,300.00

(A-B)  

 

ENDING INVENTORY BY CONVENTIONAL RETAIL INVENTORY METHOD  

 

COST OT RETAIL RATIO=             69567/136400*100          51%

 

ENDING INVENTORY=                    25300*51%               $12,903.00

ENDING INVENTORY AT LIFO RETAIL INVENTORY METHOD    

                                           COST(A)  RETAIL PRICE(B)  COST TO RETAIL

                                                                                               RATIO(A/B)

BEGINNING INVENTORY  17564          42500                       41%

COST OF GOODS             69564         136400                      51%

AVAILABLE FOR SALE

ENDING INVENTORY      LAYERS AT    COST TO        ENDING LIFO

PRICE                             RETAIL PRICE     RETAIL          RETAIL

                                                                      RATIO           COST

                                                (A)                   (B)                 (A)*(B)

$25,300.00        OPENING   $ 42,500.00    41%               17425

                            CLOSING   $ -17,200.00    51%              -8772

                                               $ 25,300.00                          8653

ENDING INVENTORY AT LIFO RETAIL INVENTORY METHOD=$8653

Final answer:

The estimated ending inventory for Cullumber’s Boutique using the conventional retail inventory method is approximately $15,171. This is calculated by adjusting the beginning inventory at retail price, computing the cost-to-retail ratio, and applying it to the ending inventory at the retail price.

Explanation:

To compute the ending inventory using the conventional retail inventory method, we first need to adjust the beginning and ending inventory to account for the markups, markdowns, and returns.

Firstly, we calculate the adjusted beginning inventory by taking the beginning inventory at the retail price and subtracting markdowns, markdown cancellations, and adding markups and markup cancellations:

  • Adjusted beginning inventory at retail price = $42,500 - $9,800 + $2,900 + $10,100 - $1,700 = $44,000

Next, we add the net purchases at the retail price to the adjusted beginning inventory to determine the Goods Available for Sale at retail price:

  • Net purchases = Purchases (at sales price) + Freight on purchases - Purchase returns (at sales price) = $88,500 + $2,600 - $3,000 = $88,100
  • Goods Available for Sale at retail price = Adjusted beginning inventory + Net purchases = $44,000 + $88,100 = $132,100

Afterward, we subtract the sales and sales returns at retail price to get the ending inventory at the retail price:

  • Ending inventory at retail price = Goods Available for Sale at retail - Sales Revenue + Sales returns = $132,100 - $106,300 + $2,100 = $27,900

Lastly, to convert the ending inventory from retail price to cost, we use the cost-to-retail ratio:

  • Cost-to-retail ratio = (Beginning Inventory at cost + Purchases at cost + Freight on purchases - Purchase returns at cost) / (Beginning Inventory at retail + Purchases at retail - Purchase returns at retail)
  • Cost-to-retail ratio = ($17,564 + $51,500 + $2,600 - $2,100) / ($42,500 + $88,500 - $3,000) = $69,564 / $128,000 ≈ 0.5435
  • Ending inventory at cost = Ending inventory at retail price × Cost-to-retail ratio = $27,900 × 0.5435 ≈ $15,171

The estimated ending inventory at cost using the conventional retail inventory method is approximately $15,171.

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