HC
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Answers (6)
HC
Answered
You believe the price of a stock is going to decline within the next three months. Which one of the following option payoff profiles will reflect a profit if your belief is correct?
A) Buying a call.
B) Selling a call.
C) Buying a put.
D) Selling a put.
E) None of these.
A) Buying a call.
B) Selling a call.
C) Buying a put.
D) Selling a put.
E) None of these.
On Jul 24, 2024
C
HC
Answered
The following data pertains to Timmins Company's operations last year: 
Required:
a.Compute the company's average operating assets.
b.Compute the company's residual income for the year.
Required:a.Compute the company's average operating assets.
b.Compute the company's residual income for the year.
On Jul 22, 2024
a.ROI = Margin × Turnover
20% = 5% × Turnover
Turnover = 20% ÷ 5% = 4
Turnover = Sales ÷ Average operating assets
4 = $800,000 ÷ Average operating assets
Average operating assets = $800,000 ÷ 4 = $200,000
b.Before the residual income can be computed, we must first compute the company's net operating income for the year:
Margin = Net operating income ÷ Sales
5% = Net operating income ÷ $800,000
Net operating income = 5% × $800,000 = $40,000
20% = 5% × Turnover
Turnover = 20% ÷ 5% = 4
Turnover = Sales ÷ Average operating assets
4 = $800,000 ÷ Average operating assets
Average operating assets = $800,000 ÷ 4 = $200,000
b.Before the residual income can be computed, we must first compute the company's net operating income for the year:
Margin = Net operating income ÷ Sales
5% = Net operating income ÷ $800,000
Net operating income = 5% × $800,000 = $40,000
HC
Answered
Notes receivable are classified as current liabilities regardless of the time to maturity.
On Jun 23, 2024
False
HC
Answered
Briefly describe the five main steps in the formulation of compensation strategy.
On Jun 22, 2024
The five main steps in the formulation of this strategy are:
1. Define the behaviour that the organization requires.
2. Define the role the compensation system will play in eliciting that behaviour.
3. Determine the best mix of compensation components.
4. Determine policies for compensation level.
Conduct a pre-implementation evaluation of the proposed strategy to verify that it meets criteria for success.
1. Define the behaviour that the organization requires.
2. Define the role the compensation system will play in eliciting that behaviour.
3. Determine the best mix of compensation components.
4. Determine policies for compensation level.
Conduct a pre-implementation evaluation of the proposed strategy to verify that it meets criteria for success.
HC
Answered
The limited liability protection of the corporate form is unlikely to protect entrepreneurs who take an active role in the daily running of their businesses.
On May 24, 2024
True
HC
Answered
Closed-loop supply chains:
A) are a strategic,cross-functional initiative.
B) require the cooperation of suppliers.
C) require reverse logistics capabilities.
D) are a strategic,cross-functional initiative and require the cooperation of suppliers.
E) are a strategic,cross-functional initiative,require the cooperation of suppliers and require reverse logistics capabilities.
A) are a strategic,cross-functional initiative.
B) require the cooperation of suppliers.
C) require reverse logistics capabilities.
D) are a strategic,cross-functional initiative and require the cooperation of suppliers.
E) are a strategic,cross-functional initiative,require the cooperation of suppliers and require reverse logistics capabilities.
On May 23, 2024
E