How does the S&P 500 index rank in terms of number and market capitalization of U.S. public firms?
What will be an ideal response?
Answer: The S&P 500 is a relatively small fraction of the total of approximately 7,000 U.S. public firms. However, it is about 75% of the total market capitalization of public firms.
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Petrini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations:a.The budgeted selling price per unit is $110. Budgeted unit sales for January, February, March, and April are 7,500, 10,600, 12,000, and 11,700 units, respectively. All sales are on credit. b.Regarding credit sales, 30% are collected in the month of the sale and 70% in the following month. c.The ending finished goods inventory equals 30% of the following month's sales. d.The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $4.00 per pound. e.Regarding raw materials purchases, 40% are paid for in
the month of purchase and 60% in the following month. f.The direct labor wage rate is $23.00 per hour. Each unit of finished goods requires 2.6 direct labor-hours. g.Manufacturing overhead is entirely variable and is $8.00 per direct labor-hour. h.The variable selling and administrative expense per unit sold is $1.70. The fixed selling and administrative expense per month is $70,000. The estimated finished goods inventory balance at the end of February is closest to: A. $362,160 B. $287,280 C. $74,880 D. $316,080
Which of the following statements is (are) true concerning the value reporting form?
I. Failure to report accurately suspends coverage. II. If the insured underreports the property values at a location, and a loss occurs at that location, recovery is limited to the proportion that the last value reported bears to the value that should have been reported. A) I only B) II only C) both I and II D) neither I nor II
Discuss the four competencies that HR professionals require to become partners in the strategic management process.
What will be an ideal response?
A manufacturer of tow chains finds that the average breaking point is at 3,500 pounds and the standard deviation is 250 pounds. If you pull a weight of at least 4200 pounds with this tow chain, what percentage of the time would you expect the chain to break?
a. 2.8% b. 0.26% c. 49.74% d. 99.74% e. 50%