Feel comfortable to express your own thoughts and ideas in a
brief paragraph or two.
Topic: When you travel to South America, you encounter countries
that have a vast amount of natural resources, and very large labor
forces. However, despite an abundance of these resources, you also
see a lot of poverty.
Can you provide an economic explanation of why poverty exists?
In: Economics
In: Computer Science
Due to changes in social structures such as the economy and corporate America, some argue the American Dream is no longer available to all Americans. On the other hand, others still believe anyone can climb the social ladder and experience social mobility. Think about whether you agree or disagree with the idea that social mobility is achievable for most Americans.
Write an essay expressing your opinion about social mobility and the American Dream. Be sure to explain the sociological terms structural mobility and life chances in your response. Integrate these terms and concepts to discuss whether the American Dream is achievable for most Americans.
In: Psychology
Hendrix has four operating divisions. During the first quarter of 2018, the company reported the divisional results shown below and aggregate income shown below. | |||||
Division: | North America | South America | Europe | Asia | Aggregate Income |
Sales | $ 543,434 | $ 423,514 | $ 330,562 | $ 194,046 | |
Cost of goods sold | 337,346 | 277,435 | 294,354 | 161,480 | |
Selling and administrative expenses | 65,959 | 87,145 | 73,142 | 75,236 | |
Income (loss) from operations | $ 140,129 | $ 58,934 | $ (36,934) | $ (42,670) | $ 119,459 |
Analysis reveals the following percentages of variable costs in each division. | |||||
Division: | North America | South America | Europe | Asia | |
Cost of goods sold | 69.0% | 80.5% | 77.0% | 91.0% | |
Selling and administrative expenses | 39.0% | 49.5% | 63.0% | 71.0% | |
Discontinuance of any division would save 50% of the fixed costs and expenses for that division. | |||||
Top management is very concerned about the unprofitable divisions (Europe and Asia). Consensus is that one or both of the divisions should be discontinued. | |||||
Instructions - Your solutions should be clearly labeled on Solutions of this workbook. | |||||
(a) Compute the contribution margin for the Europe and Asia Divisions. (See illustration 20-17 for guidance, if needed.) | |||||
(b) Prepare an incremental analysis concerning the possible discontinuance of (1) Europe Division and (2) Asia Division. What course of action do you recommend for each division? Should either be closed? (See illustration 20-18 for guidance, if needed.) | |||||
(c) Prepare a columnar condensed income statement for Hendrix Industries, assuming the division(s) that should be eliminated are eliminated. Use the CVP format. Remember: Closed division's unavoidable fixed costs are allocated equally to the continuing divisions. (See Illustrations 20-16 and 20-17 for guidance, if needed.) |
In: Accounting
Please answer each question in 350-500 words.
How have you observed/experienced diversity in the work place(Marriott Hotel)? This can be co-worker to co-worker, co-worker to guest, etc. These different groups include male/female, ages, sexual orientation, race, socioeconomic status, etc.
In: Operations Management
America also has 60 workers. 3 American workers can produce a motorcycle and 4 American workers can produce a car. So america can produce a maximum of 20 motorcycles and a maximum of 15 cars.
In: Economics
Did Mexico experience a real revolution in the early twentieth century and how does this experience distinguish Mexico from other Latin American countries?
In: Economics
True or false: It is never optimal to exercise an American call option (on a non-dividend paying stock) early.
Group of answer choices
True
False
In: Finance
Sports Inc., a retailer of high-quality activewear, has been considering a number of different expansion opportunities in recent years. One option is to purchase Goodlife Co., a manufacturer and distributor of sporting good equipment. The company's sole shareholder is Martin. Goodlife Co’s manufacturing facility is in Winnipeg, and it has sales and distribution branches in Mississauga, Alberta, and in Montreal.
Sports Inc. is considering the acquisition to expand into this market. However, before moving any further with this idea, Sports Inc. has requested an audit of Goodlife Co.
Sen and Ken Chartered Professional Accountants (SK) have been engaged to perform the year-end audit. You, CPA, are the audit manager on the Goodlife Co. year-end audit and are meeting with Martin to discuss the results for the year.
Martin has brought the company's draft financial statements to your office.
Martin: It has been a difficult year. Most of our customers are in Alberta and Montreal. This year, we began selling into the South America and Argentina. We attended major trade shows in the South America and Argentina early in the year to promote our company and products. It was the first time we had attended these types of events, and the related travel and advertising costs were over $40,000.
We received a number of orders, and in anticipation of the increased demand, we purchased raw materials. Things were looking great and then there was a financial crisis. Demand for sporting equipment fell dramatically. In order to remain competitive, we had to reduce our selling prices; even so, a number of our customers have gone bankrupt or are having significant difficulty. I have been really busy and have not spent much time following up with customers and reviewing their outstanding balances.
At the same time, the bank imposed a new covenant requiring that the debt-to-equity ratio remain below 1.0. To avoid any staff reductions, the administrative staff agreed to take a week off without pay and forgo raises for the year. In addition, although I received a $75,000 bonus last year, I didn't take a bonus this year. Unfortunately, one of our main pieces of manufacturing equipment unexpectedly broke down during the year, and we incurred close to $30,000 in costs to repair it.
Question:
You are beginning the risk assessment for the upcoming audit of Goodlife Co. Perform a year-over-year comparison of key ratios including accounts receivable turnover, inventory turnover, current ratio, gross profit margin, and debt to equity, and identify accounts that are at a risk of material misstatement and would warrant further investigation during the audit, given the changes in ratios and considering the provided case facts. In addition, include a procedure to address the identified risks.
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In: Accounting
In what ways do advertisers in magazines use sexual imagery to appeal to youth? One study classified each of 1509 full-page or larger ads as "not sexual" or "sexual," according to the amount and style of the dress of the male or female model in the ad. The ads were also classified according to the target readership of the magazine. Here is the two-way table of counts.
Magazine readership | ||||
Model dress | Women | Men | General interest | Total |
Not sexual | 356 | 503 | 246 | 1105 |
Sexual | 214 | 86 | 104 | 404 |
Total | 570 | 589 | 350 | 1509 |
(a) Summarize the data numerically and graphically. (Compute the conditional distribution of model dress for each audience. Round your answers to three decimal places.)
Women | Men | General | ||
Not sexual | ||||
Sexual | ||||
(b) Perform the significance test that compares the model dress for
the three categories of magazine readership. Summarize the results
of your test and give your conclusion. (Use α = 0.01.
Round your value for χ2 to two decimal places,
and round your P-value to four decimal places.)
χ2 = | |
P-value = |
In: Statistics and Probability