What Are The Possible Weaknesses Of This Peer Approach To Valuation?
The approach does not account for industry context, the company might have multiple divisions, and the approach focuses on the statistics of only one company.
The chosen peers might not be true competitors, the approach focuses on the statistics of only one company, and the most appropriate competitors might not have P/E multiples.
The chosen peers might not be true competitors the company might have multiple divisions, and the most appropriate competitors might not have P/E multiples.
The chosen peers might not be true competitors, the company might have multiple divisions, and the approach focuses on the statistics of only one company
A union will ________ if it can ________.
A. raise the wage rate of its members; decrease the marginal product of its union members
B. raise the wage rate of its members; introduce minimum qualifications, which will restrict membership of the union
C. increase the number of union jobs; restrict membership of the union
D. increase the number of union jobs; increase the union wage rate- Voclasses
Pick two of the following e-commerce sites. Discuss each of the characteristics of Web 4.0 e-commerce sites listed in Figure 9.2. Compare and contrast the two sites for each of the characteristics.
a. Travelocity (www.travelocity.com)
b. Wells Fargo Bank (www.wellsfargo.com)
c. WeddingChannel.com (www.weddingchannel.com)
d. Bluefly (www.bluefly.com)
Record manufacturing overhead
Refer to the data in Exercise 3-24A. Brooks’ accountant found an error in the expense records from the year reported. Depreciation on manufacturing plant and equipment was actually $401,000, not the $485,000 that had originally been reported. The unadjusted Cost of Goods Sold balance at year-end was $560,000.
1. Prepare the journal entry(s) to record manufacturing overhead costs incurred.
2. Prepare the journal entry to record the manufacturing overhead allocated to jobs in production.
3. Use a T-account to determine whether manufacturing overhead is underallocated or overallocated and by how much.
4. Record the entry to close out the underallocated or overallocated manufacturing overhead.
5. What is the adjusted ending balance of Cost of Goods Sold?
Analyze manufacturing overhead
Brooks Foundry in Charleston, South Carolina, uses a predetermined manufacturing overhead rate to allocate overhead to individual jobs based on the machine hours required. At the beginning of the year, the company expected to incur the following:
Manufacturing overhead costs
Direct labor cost
At the end of the year, the company had actually incurred the following:
Direct labor cost
Depreciation on manufacturing plant and equipment
Property taxes on plant
Delivery drivers’ wages
Plant janitors’ wages
1. Compute Brooks’ predetermined manufacturing overhead rate.
2. How much manufacturing overhead was allocated to jobs during the year?
3. How much manufacturing overhead was incurred during the year? Is manufacturing overhead underallocated or overallocated at the end of the year? By how much?
4. Were the jobs overcosted or undercosted? By how much?- Voclasses
Suppose that the FOMC decides to lower its target for the federal funds rate. How can it use open market operations to accomplish this goal? How can the FOMC use open market operations to raise its target for the federal funds rate? Use a graph of the federal funds market to illustrate your answers. Does it matter for your answer whether reserves are scarce? Briefly explain.- Voclasses
Tall Latt és and the Real Exchange Rate between the Euro and the Dollar. According to the Economist , in early 2004 the average price of a tall latté in Starbucks in the United States was $2.80. In the countries that use the euro, the average price was 2.93 euros. Because the exchange rate at this time was 0.79 euro per dollar, the dollar price of lattés in the euro area was $3.70. (Related to Application.)
a. At what exchange rate between the dollar and the euro would a latté cost the same in the euro area as it did in the United States?- Voclasses