BUSINESS COLLEGE

One year ago, a U.S. investor converted dollars to yen and purchased 100 shares of Nardasausau stock in a Japanese company at a price of 3,150 yen per share. The total purchasing cost was 315,000 yen. At the time of purchase, in the currency market 1 yen equaled $0.00952. Today, Nardasausau stock is selling at a price of 3,465 yen per share, and in the currency market $1 equals 130 yen. The stock does not pay a dividend. If the investor were to sell the stock today and convert the proceeds back to dollars, what would be his realized return on his initial dollar investment from holding Nardasausau stock?

Answers

Answer 1
Answer:

Answer:

$242.31

Explanation:

Purchasing cost of 100 shares a year ago = 315,000 yen

Today, 1 share = 3,465 yen

100 shares = 100×3,465 yen = 346,500 yen

Proceeds = 346,500 yen - 315,000 yen = 31,500 yen

Today, $1 = 130 yen

31,500 yen = $31,500/130 = $242.31

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Which firm is likely to see its profits reduced the most in a recession: an automobile producer, a manufacturer of boots and shoes, or a janitorial service? Which is likely to see its profits reduced the least? Explain.

Consider the following information from the financial statements for Rock Inc. Last Year This Year Accounts Receivable 23,535 29,197 Inventory 31,858 36,758 Total Current Assets 156,774 155,103 Total Assets 481,648 433,593 Total Current Liabilities 28,578 21,489 Total Liabilities 260,101 205,624 Sales 473,864 Cost of Goods Sold 142,263 Operating Expenses 148,349 Tax Expense 7 Calculate this years' gross profit ratio. (enter 2 decimal places. e.g. enter .2968 as .30)

Answers

Answer:

Rock Inc.

Gross profit ratio:

= 0.70

Explanation:

a) Data and Calculations:

Sales                      $473,864

Cost of Goods Sold 142,263

Gross profit           $331,601

Gross profit ratio = Gross profit/Sales

= $331,601/$473,864

= 0.69978

= 0.70

b) Rock's gross profit is the difference between the Sales Revenue and the Cost of Goods Sold.  It is the first profit point on the Income Statement.  It measures the company's ability to convert sales revenue into profit after accounting for the cost of goods sold.  This profit will cover the expenses incurred in running the business for the particular period.

The purpose of sobriety checkpoints that are set up by community and state police is to deter drunk driving and ultimately save lives.While not mandated,the makers of Blackberry™ have complied with the public request of several legislators and have obediently removed apps that permit smartphone users to navigate around the checkpoints.Google™ and Apple™ have elected not to honor such requests.Google said the apps do not violate the company's content policy.After studying about ethics and social responsibility,which of the following statements applies to this situation? A) Laws represent the minimum guidelines that companies must follow,whereas a firm's ethical stance may venture beyond the minimum level of compliance.
B) Google and Apple are showing corporate social responsibility because they demonstrate concern for their investors,which is exactly where their focus should be.
C) Blackberry is acting philanthropically toward government.
D) Google and Apple are showing their distrust for big government,and their avoidance of contributing toward philanthropic causes.

Answers

Answer:

A) Laws represent the minimum guidelines that companies must follow,whereas a firm's ethical stance may venture beyond the minimum level of compliance.

Explanation:

In the given scenario there are laws that allows community and state police to set up sobriety check points that discourages drunk drivers and saves lives.

The inclusion or removal of applications that helps drunk drivers avoid these checkpoints is not covered by the law. So if a company decides to include such applications it is at their discretion.

Blackberry have chosen to remove applications that helps drunk drivers avoid checkpoints. This is an example of when a company has ventured beyond the minimum level of compliance because of their ethical stance.

Google and Apple however have only ventured beyond the minimum compliance level because they have refused to honour requests by legislators to remove apps that permit smartphone users to navigate around the checkpoints.

The statement that  applies to this situation is : "Laws represent the minimum guidelines that companies must follow, whereas a firm's ethical stance may venture beyond the minimum level of compliance."

The correct answer is option A

In the scenario described, the companies are facing a situation where lawmakers have requested the removal of apps that allow users to navigate around sobriety checkpoints.

Option A is the most suitable because it reflects the fundamental distinction between legal compliance (following the law) and ethical behavior (going beyond what the law mandates). Let's break it down further:

Laws represent the minimum guidelines that companies must follow: This statement acknowledges that companies are legally obligated to comply with the laws and regulations of the jurisdictions in which they operate. In this case, lawmakers have made a request, but it's not legally mandated to remove these apps.

A firm's ethical stance may venture beyond the minimum level of compliance: This part of the statement highlights that ethical behavior goes beyond what is legally required.

Therefore, option A is correct.

Learn more about  ethical behavior here:

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The balance in accounts receivable at the beginning of 2021 was $690. During 2021, $3,200 of credit sales were recorded. If the ending balance in accounts receivable was $170 and $100 in accounts receivable were written off during the year, the amount of cash collected from customers during 2021 was:

Answers

Answer:

$3,620

Explanation:

Accounts receivable at the beginning + recorded credit sales -accounts receivable written off -ending balance accounts receivable.

Therefore:

$690+$3,200-$100-$170 =$3,620

Isabel is a new employee at a leading IT firm. Within a few weeks, she learns that there is an overdose of mails that flood her inbox on a daily basis. She decides to segregate them into those that are vital for her day-to-day tasks and those mails that are of little importance. She redirects mails of no significance to a junk folder. This act of creating a folder in order to reduce information overload is an example of _____.a. bufferingb. summarizingc. omittingd. neglectinge. noise

Answers

Answer:

Omitting.

Explanation:

To omit means to leave something out, or to fail to make use of something. It involves the removal of items that are not relevant for a particular purpose. For example is a business is reporting financial performance it may decide to omit details of a sports competition it hosted, because this information is not relevant.

Isabel segregates mails into those that are vital for her day-to-day tasks and those mails that are of little importance. She redirects mails of no significance to a junk folder.

She is omitting irrelevant mails.

"Jefferson Sports Medicine, Inc., offers two types of physical exams for students : the basic physical and the extended physical. The charge for the basic physical is $60, while the charge for the extended physical is $135 . Jefferson expects to perform 220 basic physicals and 190 extended physicals in July, 235 basic and 200 extended in August, and 105 basic and 110 extended in September . Prepa re the sales budget for the service revenue expected from the physical exams performed for the second quarter (July through September}, with a column for each month and for the quarter in total."

Answers

Answer:

                                The sales budget    

          Jefferson Sports Medicine, Inc budgets sales budget (Amounts in $)

                                                              Months                            

Physical examination    July           August         September   Total

Basic physical               13,200       14,100           6,300           33,600

Extended physical        25,650       27,000         14,850          67,500

                                                                                                  101,100              

Explanation:

The sales expense shows the forecasted of sales from the various types of physical examination for a given period. These include the sales expected from Physical examination. The sales are the products of the charge per examination and the number of examinations conducted. It may be computed as follows;

July;

Physical examination

= $60 * 220

= $13,200

Extended physical

= $135 * 190

= $25,650

August

= $60 * 235

= $14,100

Extended physical

= $135 * 200

= $27,000

September

= $60 * 105

= $6,300

Extended physical

= $135 * 110

= $14,850

Which of the following measures the cash available to the company's investors? a. operating cash flow b. free cash flow c. net cash flow d. investing cash flow

Answers

Answer:

Free cashflow

Explanation:

Free cashflow entails that cash a company generates after it has accounted for cash outflows to support operations and maintain its capital assets. It also measures the cash available to the company's investors and creditors after accounting for its operational cost.
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