Answer:
Segment management is best suited for: _____________
d. businesses who do not yet identify or differentiate their customers individually
Explanation:
Segment management is aimed at grouping customers according to their individual characteristics and value so that maximum benefits can be derived by the customers and the profitability of the company will be impacted positively in the long-term. A business that can identify customers individually and differentiate them by value is already doing segment management. It is the business that does not yet identify or differentiate their customers that should embrace segment management.
b) According to the Sharpe ratio, which fund performed better?
Answer:
a) 0.9 & 1
b) Mutual Fund B
Explanation:
For starters, I will define what Sharpe ratio is.....
Sharpe ratio is tagged, the measure of risk-adjusted return of a financial portfolio. It is worthy if note that on the average, a portfolio with a higher Sharpe ratio is considered superior relative to its peers.
You the question, the Sharpe ratios would be calculated as follows:
(Return of portfolio - risk free rate) / standard deviation.
So, for Mutual Fund A:
A = (12% - 3%) / 10%
A = 9% / 10%
A = 0.9
For Mutual Fund B:
B = (10% - 3%) / 7%
B = 7% / 7 %
B = 1
Although the Mutual Fund in A is calculated to have a higher return, the Mutual Fund B is laced with a higher risk-adjusted return.
Answer:
Clayborn Company
The adjusted cash account balance (debit) should be:
$23,150
Explanation:
a) Data and Calculations:
Cash account balance (debit) $24,525
Bank Statement balance $21,800
Reconciliation issues:
Deposit in transit $ 7,450
Outstanding checks $ 6,100
Bank service fees, not yet recorded by company $ 100
A NSF check from a customer, not yet recorded by the company $ 1,275
b) Adjusted Cash balance:
Cash account balance (debit) $24,525
NSF check (1,275)
Bank service fees (100)
Adjusted cash balance (debit) $23,150
c) Adjusted Bank Statement balance:
Bank Statement balance $21,800
Deposit in transit 7,450
Outstanding checks (6,100)
Adjusted bank statement $23,150
The adjusted cash balance is calculated by adjusting the company's book balance for deposits in transit and outstanding checks, and then subtracting the bank service fees and the amount of the NSF check. The final adjusted cash balance for Clayborn Company on May 31 is $24,500.
To determine the adjusted cash balance for Clayborn Company, we must consider the cash balance according to the company's books, the deposit in transit, the outstanding checks, the bank service fee, and the NSF check. The books report a debit balance of $24,525, but we need to adjust this amount for the deposit in transit and the outstanding checks. Adding the deposit in transit of $7,450 gives us $31,975. Subtracting the outstanding checks of $6,100 results in an adjusted balance of $25,875.
Next, we have to account for the bank service fees and the NSF check from a customer, both of which were not yet recorded by the company. The bank service fees of $100 and the NSF check of $1,275 decrease our balance, so subtracting these from the $25,875 gives us the final adjusted cash balance of $24,500.
#SPJ3
Answer:
$218
Explanation:
Answer:
c. will be able to make new loans up to a maximum of $9.50
Explanation:
If the reserve requirement is 5% it means that the bank is required to reserve(not loan out) 5% of it's reserves so in this case the bank is required to 5% of 10 (0.05*10) $0.50 as reserves and can loan out $9.50 (10-0.50). As the bank has no desire to hold on to excess reserves we can be sure that it will only hold 0.50 as reserve as it is required and loan out $9.50. So statement c is correct.
Statement A is incorrect because the bank does not need to increase required reserve by $10 but by just $0.50.
Statement B is incorrect a deposit of $10 cannot increase the total reserve by $10.50 as it is impossible mathematically.
Statement d is incorrect because 2 of the 3 statements are incorrect therefore all of the above statements cant be correct.
Answer:
manufacturing overhead rate =$12.78
Explanation:
Giving the following information:
Butler Manufacturing estimated that:
Manufacturing overhead $176,400
Direct labor hour 13,800.
Actual results for the year:
The actual manufacturing overhead costs $185,000.
Actual direct labor hours 14,600.
We need to calculate the predetermined manufacturing overhead rate per direct hour
manufacturing overhead rate = 176400/13800hours= $12.78