Answer:
The answer is 48.37
Explanation:
Future value (FV) = $220,000
Present value(PV) = $33,000
Interest rate(i) = 4 percent.
Number of years(N)= ?
Using the Texas BA II Plus financial calculator:
FV = 220,000; PV = - 33,000; I/Y= 4;
CPT N= 48.37
Therefore, the number of years is 48.37 years. It will take him 48.37 years to invest $33,000 today at a 4 percent rate in order to buy the car at a cost of $220,000
Determine the amount to be paid in full settlement of each invoice, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period.
Answer and Explanation:
The computation is shown below:
a. The amount that should be paid is
= $4,500 - $1,200 - ($4,500 - $1,200) × 2%) + $140
= $4,500 - $1,200 - $66 + $140
= $3,374
And,
b. The amount that should be paid is
= $7,650 - $450 - ($7,650 - $450) × 1%
= $7,650 - $450 - $72
= $7,128
In this way the amount to be paid in full could be determined
For each transaction, indicate the impact each item had on income and the dollar amount of the change in income, if any. Input decreases to net income as negative values. Upon completion, compare the amount of income with the amount reported on the income statement.
Prepare journal entries to record the following merchandising transactions of Lowe’s, which uses the perpetual inventory system. (Hint: It will help to identify each receivable and payable; for example, record the purchase on August 1 in Accounts Payable—Aron.)
Aug. 1 Purchased merchandise from Aron Company for $7,500 under credit terms of 1/10, n/30, FOB destination, invoice dated August 1.
Aug. 5 Sold merchandise to Baird Corp. for $5,200 under credit terms of 2/10, n/60, FOB destination, invoice dated August 5. The merchandise had cost $4,000.
Aug. 8 Purchased merchandise from Waters Corporation for $5,400 under credit terms of 1/10, n/45, FOB shipping point, invoice dated August 8.
Aug. 9 Paid $125 cash for shipping charges related to the August 5 sale to Baird Corp.
Aug. 10 Baird returned merchandise from the August 5 sale that had cost Lowe’s $400 and was sold for $600. The merchandise was restored to inventory.
Aug. 12 After negotiations with Waters Corporation concerning problems with the purchases on August 8, Lowe’s received a credit memorandum from Waters granting a price reduction of $400 off the $5,400 of goods purchased.
Aug. 14 At Aron’s request, Lowe’s paid $200 cash for freight charges on the August 1 purchase, reducing the amount owed to Aron.
Aug. 15 Received balance due from Baird Corp. for the August 5 sale less the return on August 10.
Aug. 18 Paid the amount due Waters Corporation for the August 8 purchase less the price allowance from August 12.
Aug. 19 Sold merchandise to Tux Co. for $4,800 under credit terms of n/10, FOB shipping point, invoice dated August 19. The merchandise had cost $2,400.
Aug. 22 Tux requested a price reduction on the August 19 sale because the merchandise did not meet specifications. Lowe’s sent Tux a $500 credit memorandum toward the $4,800 invoice to resolve the issue.
Aug. 29 Received Tux’s cash payment for the amount due from the August 19 sale less the price allowance from August 22.
Aug. 30 Paid Aron Company the amount due from the August 1 purchase.
Answer:
Lowe Company
1. Impact on Income and the Dollar Amount:
Aug. 1 No impact
Aug. 5 +$5,200 - $4,000 = +$1,200
Aug. 8 No impact
Aug. 9 = -$125
Aug. 10 -$600 +$400 = -$200
Aug. 12 None
Aug. 14 None
Aug. 15 -$92
Aug. 18 +$50
Aug. 19 +$4,800 -$2,400 = $2,400
Aug. 22 -$500
Aug. 29 -$43
Aug. 30 None
Total = +$2,690
2. Journal Entries:
Aug. 1 Debit Inventory $7,500
Credit Accounts Payable (Aron Company) $7,500
Purchase of goods on credit terms of 1/10, n/30, FOB destination, invoice dated August 1.
Aug. 5 Debit Accounts Receivable (Baird Corp.) $5,200
Credit Sales Revenue $5,200
Sale of goods on credit terms of 2/10, n/60, FOB destination, invoice dated August 5.
Debit Cost of goods sold $4,000
Credit Inventory $4,000
Cost of goods sold.
Aug. 8 Debit Inventory $5,400
Credit Accounts Payable (Waters Corporation) $5,400
Purchase of goods on credit terms of 1/10, n/45, FOB shipping point, invoice dated August 8.
Aug. 9 Debit Freight-in $125
Credit Cash $125
Freight-in paid for cash.
Aug. 10 Debit Sales Returns $600
Credit Accounts Receivable (Baird Corp.) $600
Goods returned by a customer.
Debit Inventory $400
Credit Cost of goods sold $400
Cost of returned goods.
Aug. 12 Debit Accounts Payable (Waters Corporation) $400
Credit Inventory $400
Price reduction granted by Waters.
Aug. 14 Debit Accounts Payable (Aron) $200
Credit Cash $200
Part-payment to Aron on account.
Aug. 15 Debit Cash $4,508
Debit Cash Discounts $92
Credit Accounts Receivable (Baird Cop.) $4,600
Cash received on account.
Aug. 18 Debit Accounts Payable (Waters Corporation) $5,000
Credit Cash $4,950
Credit Cash Discounts $50
Cash payment on account.
Aug. 19 Debit Accounts Receivable (Tux Co.) $4,800
Credit Sales Revenue $4,800
Credit sales on terms of n/10, FOB shipping point, invoice dated August 19.
Debit Cost of goods sold $2,400
Credit Inventory $2,400
Cost of goods sold.
Aug. 22 Debit Sales Allowances $500
Credit Accounts Receivable (Tux Co.) $500
Sales allowances granted to Tux Co. on account.
Aug. 29 Debit Cash $4,257
Debit Cash Discounts $43
Credit Accounts Receivable (Tux Co.) $4,300
Aug. 30 Debit Accounts Payable (Aron Company) $7,300
Credit Cash $7,300
Cash payment on account.
Explanation:
a) Data and Analysis:
Aug. 1 Inventory $7,500 Accounts Payable (Aron Company) $7,500
credit terms of 1/10, n/30, FOB destination, invoice dated August 1.
Aug. 5 Accounts Receivable (Baird Corp.) $5,200 Sales Revenue $5,200
credit terms of 2/10, n/60, FOB destination, invoice dated August 5.
Cost of goods sold $4,000 Inventory $4,000
Aug. 8 Inventory $5,400 Accounts Payable (Waters Corporation) $5,400
credit terms of 1/10, n/45, FOB shipping point, invoice dated August 8.
Aug. 9 Freight-in $125 Cash $125
Aug. 10 Sales Returns $600 Accounts Receivable (Baird Corp.) $600
Inventory $400 Cost of goods sold $400
Aug. 12 Accounts Payable (Waters Corporation) $400 Inventory $400
Aug. 14 Accounts Payable (Aron) $200 Cash $200
Aug. 15 Cash $4,508 Cash Discounts $92 Accounts Receivable $4,600
Aug. 18 Accounts Payable (Waters Corporation) $5,000 Cash $4,950 Cash Discounts $50
Aug. 19 Accounts Receivable (Tux Co.) $4,800 Sales Revenue $4,800 credit terms of n/10, FOB shipping point, invoice dated August 19. Cost of goods sold $2,400 Inventory $2,400
Aug. 22 Sales Allowances $500 Accounts Receivable (Tux Co.) $500
Aug. 29 Cash $4,257 Cash Discounts $43 Accounts Receivable $4,300
Aug. 30 Accounts Payable (Aron Company) $7,300 Cash $7,300
McCarthy Industries has two sales territories-East and West. Financial information for the two territories is presented below: East West Sales $980,000 $750,000 Direct costs: Variable (343,000) (225,000) Fixed (450,000) (325,000) Allocated common costs (275,000) (175,000) Net income (loss) $(88,000) $25,000 Because the company is in a start-up stage, corporate management feels that the East sales territory is creating too much of a cash drain on the company and it should be eliminated. If the East territory is discontinued, one sales manager (whose salary is $40,000 per year) will be relocated to the West territory. By how much would McCarthy's income change if the East territory is eliminated
Answer:
Decrease in income by $227,000
Explanation:
The computation of the amount of the change in the income in the case when the east territory is eliminated is shown below;
= -Sales + Direct cost + fixed cost - salary per year
= -$980,000 + $343,000 + ($450,000 - $40,000)
= -$980,000 + $343,000 + $410,000
= -$227,000
Hence, the amount of the change in the income in the case when the east territory is eliminated is -$227,000
Decrease in income by $227,000
The more ______ country economies are, the greater the benefits of international diversification and the more these benefits are exploited by MNCs the more _____ country economies become. Group of answer choices Independent, egalitarian Correlated, interdependent. Developing, advanced Segmented, integrated.
Answer: Segmented, integrated.
Explanation:
International diversification refers to the process by which a company invest in other countries or regions apart from its home country. One main reason for this is for risk management.
The more (segmented) country economies are, the greater the benefits of international diversification and the more these benefits are exploited by MNCs the more (integrated) country economies become.
Inflation can impose significant costs and adversely distort economic systems. Indicate whether the costs and distorting effects exemplify menu costs, shoe leather costs or unit of account costs. a. discourages people from holding money. b. can reduce the quality of economic decisions. c. can lead to stores listing prices in more stable currencies. d. spending time converting money into something that better holds value. e. makes money a less reliable source of measurement. f. can cause distortion to the tax system. g. causes difficulty in firms and individuals financial planning. h. causes costs associated with changing prices in stores.1. Menu costs.2. Shoe-leather-costs. 3. Unit-of-account costs.
Answer:
1. Menu costs
- Can lead to stores listing prices in more stable currencies.
- Causes costs associated with changing prices in stores.
2. Shoe-leather-costs
- Discourages people from holding money.
- Spending time converting money into something that better holds value.
3. Unit-of-account costs
- Can reduce the quality of economic decisions.
- Makes money a less reliable source of measurement.
- Can cause distortion to the tax system.
- Causes difficulty in firms and individuals financial planning.
Suppose you sell 22 of the May corn futures at the high price of the day. You close your position later when the price is 464.750. Ignoring commission, what is your dollar profit on this transaction
Your dollar profit on this derivative transaction is $247,500.
What is a derivative transaction or contract?Derivative transactions are financial contracts, like futures, options, and forwards that derive their values from the fluctuations of the underlying asset.
Derivative contracts indicate the price at which the financial security is traded and the date within which the transaction should take place.
Examples of derivative transactions include:
Structured debt obligations and depositsSwaps, futures, and optionsCaps, floors, and collarsForwards, and various combinations thereof.Data and Calculations:Number of contracts = 22
Contract size = 5,000
Number of bushels to be delivered = Number of contracts x Contract size
= 110,000 (22 × 5,000)
Profit to be obtained = Number of bushels to be delivered × Settlement price × (High price in May − Closing price)
= 110,000 × ($467 − $464.75)
= 110,000 × $2.25
= $247,500
Thus, your dollar profit on this derivative transaction is $247,500.
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Question Completion:Use the following corn futures quotes:
Contract month Open High Low Settle Change Open Int
March 455.125 457.000 451.750 452.000 -2.750 597,913
May 467.000 468.000 463.000 463.250 -2.750 137,547
July 477.000 477.500 472.500 473.000 -2.000 153,164
Sep 475.000 475.500 471.750 472.250 -2.000 29,258
Number of bushels to be delivered = 210,000
Contract size = 5,000
Number of contracts to be delivered = 42 (210,000/5,000)
Which of the following statements about money that is correct? A. Money is a completely stable store of value. B. Credit cards and debit cards are examples of money. C. Inflation brings a rising value of money. D. Money acts as a unit of account comma which is an agreed measure for stating the prices of goods and services.
Answer:
i would say the answer is D. because all the other answers are not totally right.
The statement about money that is correct is D. Money acts as a unit of account comma which is an agreed measure for stating the prices of goods and services.
What is money?
Money serves as a means of exchange for goods and services in economics term.
It is a way to express the value of goods and services and it serves as agreed measure for stating the prices of goods and services.
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Sheffield Co. had retained earnings of $19900 on the balance sheet but disclosed in the footnotes that $2800 of retained earnings was restricted for building expansion and $800 was restricted for bond repayments. Cash of $2200 had been set aside for the plant expansion. How much of retained earnings is available for dividends?a. $12,000.b. $13,000.c. $15,000.d. $10,000.
Answer:
$16,300
Explanation:
Calculation to determine How much of retained earnings is available for dividends
Using this formula
Retained earnings=Retained earnings - Retained earnings for restricted plant expansion - Restricted for bond repayments
Let plug in the formula
Retained earnings= $19,900 - $2,800 - $800
Retained earnings= $16,300
Therefore the amount of retained earnings that is available for dividends is $16,300
Annie's team has just finished a major project and the team has, after a long time, got some free time on hand. However, for the last couple of days, Annie has noticed that few of the team members are immersed in online social networking sites during office hours. 7.
What is the least effective responsive?
(A) Annie arranges for a team meeting, thanking them for all the hard work put in and reminding them that, in spite of having some free time on hand, they are to use it productively and not indulge in non-productive activities like visiting online social networking sites during office hours. She also shows them additional online training courses they could attend instead on the company's intranet, creates a training roster, and circulates to the team.
(B) Annie sends out a mail to the team thanking them for all the hard work put in and reminding them that, in spite of having some free time on hand, they are to use it productively and not indulge in online social networking sites during office hours. She also attaches the company policy regarding the same in her email.
(C) Annie talks to the offenders one-on-one and reminds them that, in spite of having some free time on hand, they are to use it productively and not indulge in online social networking sites during office hours. She also offers to show them additional online training courses they could attend instead on the company's intranet.
Answer:
B.
Explanation:
B is giving a bit of a impersonal approach, and comes across as just pushing company rules, especially by attaching a company policy. Her response should be more precise with options. Annie does not provide that in response B.
Given the following data:
Selling price per unit $ 2.00
Variable production cost per unit S $ 0.30
Fixed production cost $ 6,000
Sales commission per unit $ 0.20
Fixed selling expenses $ 1,500
How much is the break-even point in dollars?
A) $6,000
B) $4,000
C) $8,000
D) $10,000
E) None of the above
Answer :
See below
Explanation:
Given the above information, break even point in dollars is calculated as seen below
Break even point in dollars = Fixed cost / Contribution margin ratio
Where
Fixed cost = $6,000
Contribution margin ratio = Contribution margin / Sales
Contribution margin ratio = ($2 - $0.3) / $2
Contribution margin ratio = 85%
Therefore,
Break even point in dollars = $6,000 / 85%
Break even point in dollars = $7,059
1. If 30,000 units are produced and sold, what is the variable cost per unit produced and sold? 2. If 35,000 units are produced and sold, what is the variable cost per unit produced and sold? 3. If 30,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 4. If 35,000 units are produced and sold, what is the total amount of variable cost related to the units produced and sold? 5. If 30,000 units are produced, what is the average fixed manufacturing cost per unit produced? 6. If 35,000 units are produced, what is the average fixed manufacturing cost per unit produced? 7. If 30,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? 8. If 35,000 units are produced, what is the total amount of fixed manufacturing overhead incurred to support this level of production? (Round per unit values to 2 decimal places.)
Question Completion:
Kubin Company's relevant range of production is 30,000 to 35,000 units. When it produces and sells 32,500 units, its average costs per unit are as follows: Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Fixed selling expense Fixed administrative expense Sales commissions Variable administrative expense Amount per Unit $9.00 $6.00 $ 3.50 $7.00 $ 5.50 4.50 $3.00 2.50 Required:
Answer:
Kubin Company
1. Variable cost per unit produced and sold is = $21.50
2. Variable cost per unit produced and sold is $21.50
3. Total variable cost = $645,000
4. Total variable cost = $752,500
5. Average fixed manufacturing cost per unit produced is = $7.58
6. Average fixed manufacturing cost per unit produced is = $6.50
7. The total amount of fixed manufacturing overhead incurred is $227,500
8. The total amount of fixed manufacturing overhead incurred is $227,500
Explanation:
a) Data and Calculations:
Relevant range of production = 30,000 to 35,000
Average costs per unit with production and sales of 32,500 units are:
Amount per Unit
Direct materials $9.00
Direct labor $6.00
Variable manufacturing overhead $3.50
Fixed manufacturing overhead $7.00
Fixed selling expense $5.50
Fixed administrative expense $4.50
Sales commissions $3.00
Variable administrative expense $2.50
Variable costs:
Production:
Direct materials $9.00
Direct labor $6.00
Variable manufacturing overhead $3.50
Selling:
Sales commissions $3.00
Total variable costs, produced and sold $21.50
Total variable cost = $645,000 ($21.50 * 30,000)
Total variable cost = $752,500 ($21.50 * 35,000)
Average fixed manufacturing cost per unit produced = Total fixed manufacturing cost = $7 * 32,500/30,000 = $7.58
Average fixed manufacturing cost per unit produced = Total fixed manufacturing cost = $7 * 32,500/35,000 = $6.50
Answer:
the answer is 30,000+35,000+30,000+35,000+30,000+35,000+30,00+35,000=$26,0000
Daniel derives utility from only two goods, cake (Qc) and donuts (Qd). The marginal utility that Daniel receives from cake (MUc) and donuts (MUd) are given as follows: MUc = Qd MUd = Qc Daniel has an income of $240 and the price of cake (Pc) and donuts (Pd) are both $3. What is Daniel's budget constraint?
Answer:
240= 3Qc + 3Qd
Explanation:
The computation of the Daniel's budget constraint is shown below;
Given that
Daniel's income= $240
Price of cake (Pc) =$3
Price of donuts (Pd) =$3
So spending on cake = 3Qc
And,
Spending on donut= 3Qd
Finally
Total spending = 3Qc + 3Qd
Now the equation of budget constraint is
Income= (quantity of cake)(price of cake) + ( quantity of donut)(price of donut)
So,
Income= Qc Pc+ Qd Pd
240= 3Qc + 3Qd
The Daniel's budget constraint is shown below;
Given Information :
Daniel's income= $240 Price of cake (Pc) =$3 Price of donuts (Pd) =$3 Spending on cake = 3Qc Spending on donut= 3QdTotal spending = 3Qc + 3Qd
Now, the equation of budget constraint is
Income= (quantity of cake)(price of cake) + ( quantity of donut)(price of donut) Income= Qc Pc+ Qd Pd 240= 3Qc + 3QdLearn more :
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Recognizing deferred tax assets and liabilities is referred to as ______ tax allocation. Multiple choice question. intraperiod deferred interperiod
Answer:
interperiod
Explanation:
An interperiod tax allocation can be regarded as the temporary difference that exist between effects that a particular tax policy has on the financial reporting of particular business as well as its normal financial reporting set up
by an accounting framework, this accounting framework could be GAAP , IFRS or other body. Instance of this is that Internal Revenue Service could set up a particular depreciation period that should be used for a fixed asset, at the same time internal accounting policies of a business could come up that different number of periods should be used, At this periods of temporary difference is said to be an interperiod tax allocation.
A deferred tax asset can be regarded as item on the balance sheet which is there a results of overpayment or advance payment of taxes. A deferred tax asset could be also be one as a result of differences in tax rules as well as accounting rules
It should be noted that Recognizing deferred tax assets and liabilities is referred to as interperiod tax allocation.
First National Bank charges 13.6 percent compounded monthly on its business loans. First United Bank charges 13.9 percent compounded semiannually. Calculate the EAR for First National Bank and First United Bank. (Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.) As a potential borrower, which bank would you go to for a new loan
Answer:
First National EAR 14.48%
First United EAR 14.38%
Explanation:
Calculation to determine Calculate the EAR for First National Bank and First United Bank.
Using this formula
EAR = [1 + (APR / m)]m − 1
Let plug in the formula
First National EAR = [1 + (.136 / 12)]12 − 1
First National EAR= .1448*100
First National EAR=14.48%
First United EAR = [1 + (.139 / 2)]2 − 1
First United EAR = .1438*100
First United EAR = 14.38%
Therefore the EAR for First National Bank and First United Bank will be :
First National EAR 14.48%
First United EAR 14.38%
EagleEye Company, a manufacturer of digital cameras, is considering entry into the digital binocular market. EagleEye Company currently does not produce binoculars of any style, so this venture would require a careful analysis of relevant manufacturing costs to correctly assess its ability to compete. The market price for this binocular style is well established at $136 per unit. EagleEye has enough square footage in its plant to accommodate the new production line, although several pieces of new equipment would be required; their estimated cost is $4,800,000. EagleEye requires a minimum ROl of 15% on any product line investment and estimates that if it enters this market with its digital binocular product at the prevalling market price, It is confident of its ability to sell 22,000 units each year.
Required:
Identify the costs that EagleEye Company would consider for decision of entering the digital binocular market
Answer:
EagleEye Company
The costs that EagleEye Company would consider for the decision of entering the digital binocular market are:
1. Direct cost of materials for production
2. Direct cost of labor
3. Overhead costs, including the annual cost of the new equipment
4. Opportunity costs, including the expected minimum ROI of 15%.
Explanation:
a) Data and Calculations:
Estimated cost of new equipment = $4,800,000
Minimum required ROI = 15%
Established market price per unit = $136
Expected annual sales units = 22,000
Total expected sales revenue for the year = $2,992,000
a. On October 1, Year 1, YD collected $24,000 for consulting services it agreed to provide during the coming year.
b. Adjusted the accounts to reflect the amount of consulting service revenue recognized in Year 1.
Required
a. Record the events under an accounting equation.
b. Prepare an income statement, balance sheet, and statement of cash flows for the 2013 accounting period.
c. Ignoring all other future events, what is the amount of service revenue that would be recognized in 2014?
Answer:
A. Assets= Liabilities + S/E
Cash= Unearned revenue + Retained earnings
$24,000 = $18,000 + $6,000
Bi) Income statement $6,000
Bii) Balance sheet Total Asset $24,000
Balance sheet Total Liabilities $24,000
Biii) Ending Cash Balance $24,000
C. $18,000
Explanation:
a. To Record the events under an accounting equation.
Event Assets= Liabilities + S/E
Cash= Unearned revenue + Retained earnings
Event $24,000 =$24,000 + $0
Adjustment. = -$6,000 + $6,000
$24,000 = $18,000 + $6,000
($24,000*3/12=$6,000)
($24,000*9/12=$18,000)
b) Preparation of an income statement, balance sheet, and statement of cash flows for the 2013 accounting period.
Bi)
Yard Designs INCOME STATEMENT
For the Year Ended December 31, 2013
Revenue $6,000
($24,000*3/12=$6,000)
Expense 0
Net Income $6,000
Therefore YD Income statement is $6,000
Bii)
Yard Designs BALANCE SHEET as of december 31, 2013
ASSETS
Cash $24,000
Total Assets $24,000
LIABILITIES
Unearned Revenue $18,000
($24,000*9/12=$18,000)
Total Liabilities $18,000
STOCKHOLDERS’ EQUITY
Retained Earnings $6,000
($24,000*3/12=$6,000)
Total Stockholders’ Equity $6,000
TOTAL LIAB. AND STOCKHOLDERS’ EQUITY $24,000
($18,000+$6,000)
Therefore YD Balance Sheet As Of December 31, 2013 will be :
Total Assets $24,000
Total Liabilities $24,000
Biii)
Yard Designs STATEMENT OF CASH FLOWS
For the Year Ended December 31, 2013
Cash Flows From Operating Activities:
Cash Receipt from Revenue $24,000
Net Cash Flow from Operating Activities $24,000
Cash Flows From Investing Activities $0
Cash Flows From Financing Activities:
Net Change in Cash $24,000
Plus: Beginning Cash Balance $0
Ending Cash Balance $24,000
Therefore YD statement of Cash flow ending Cash Balance is $24,000
C. Calculation to determine the amount of service revenue that would be recognized in 2014
Based on the information given the Nine months of unearned revenue from 2013 will be recognized in 2014
2014 Recognized service revenue=$24,000*9/12
2014 Recognized service revenue= $18,000
Therefore the amount of service revenue that would be recognized in 2014 is $18,000
Five homes were recently sold in Oxnard Acres. Four of the homes sold for $400,000, while the fifth home sold for $2.5 million. Which measure of central tendency best represents a typical home price in Oxnard Acres
Answer:
The median or mode
Explanation:
The median, mean, and mode are the most common measures of central tendency.
From the question, five homes were recently sold in Oxnard Acres. Four of the homes sold for $400,000, while the fifth home sold for $2.5 million. The data should look like this: (let a, b, c, and d, represent the four homes that sold for $400,000, and let e, represent the fifth home sold for $2.5 million). So, a + b + c + d = $400,000.
e = $2.5 million
Now, since the measure of central tendency is the center point or typical value of a dataset, the median can be used to measure central tendency from the data set above. The median is the middle, value when the dataset is arranged from the least value to the highest value, which also depends on if the dataset has an even or odd number of values. While the mode is that value that appears most. Ordinal data, which has no standard scale on which the difference in value in the dataset is measured are best measured using median or mode.
Juanita makes $30 an hour at work. She has to take time off work to purchase her suit, so each hour away from work costs her $30 in lost income. Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. As you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling.
Assume that it takes 15 minutes to travel to the local department store, 30 minutes to travel to the store across town, and 60 minutes to travel to the store in the neighboring city.
Complete the following table by computing the opportunity cost of Juanita's time and the total cost of shopping at each location.
Store Opportunity Cost of Time (Dollars) Price of a Suit (Dollars per suit) Total Cost (Dollars)
Local Department Store ___________________ 114 _________
Across Town ___________________ 86 _________
Neighboring City ____________________ 60 _________
Answer:
Across Town
Explanation:
Missing word "Assume that Juanita takes opportunity costs and the price of the suit into considerate when she shops. Juanita will minimize the cost of the suit if she buys it from the "
Local Department Store
15 min + 15 min + 30 min = 1 hour
Opportunity cost of time = 1 hour * $30 = $30
Total cost = $30 + $114 = $144
Across Town
30 min + 30 min + 30 min = 1.5 hours
Opportunity cost of time = 1.5 hours*$30 = $45
Total cost = $45 + $66 = $131
Neighboring City
6 min + 60 min + 30 min = 2.5 hours
Opportunity cost of time = 2.5 hours*$30 = $75
Total cost = $75 + $60 = $135
Assume that Juanita takes opportunity costs and the price of the suit into considerate when she shops. Juanita will minimize the cost of the suit if she buys it from the Across Town.
If Dakota Company issues 1,500 shares of $6 par common stock for $75,000, Group of answer choices Common Stock will be credited for $75,000 Paid-In Capital in Excess of Par will be credited for $9,000 Paid-In Capital in Excess of Par will be credited for $66,000 Cash will be debited for $66,000
Answer:
Paid-In Capital in Excess of Par will be credited for $66,000
Explanation:
The journal entry to record the issuance of the shares is shown below:
Cash Dr $75,000
To common Stock $9,000 (1500 × $6)
To Paid in capital in excess of par $66,000
(Being the issuance of the shares is recorded)
Here cash is debited as it increased the assets and the other two accounts are credited as it increased the equity
At the beginning of 20X1, a company issues 100,000 shares of 4%, $10 par value, cumulative preferred stock. All remaining shares outstanding are common stock. The company does not pay any dividends in 20X1, but pays dividends of $100,000 at the end of 20X2. How much of the dividend will be paid to common stockholders in 20X2?
a. $20,000.
B. $100,000.
C. $80,000.
D. $60,000.
Answer:
a. $20,000.
Explanation:
The computation of the dividend that will be paid to common stockholders in 20X2 is shown below:
= $100,000 - ($100,000 × 10 × 4% × 2 years)
= $100,000 - $80,000
= $20,000
Hence, the dividend that will be paid to common stockholders in 20X2 is $20,000
Therefore the option a is correct
Henderson Electronics Corporation manufactures and sells FM radios. Information on the prior year's operations (sales and production Model A1) is presented below: Sales price per unit $30 Costs per unit: Direct material 7 Direct labor 4 Overhead (50% variable) 6 Selling costs (40% variable) 10 Production in units 10,000 Sales in units 9,500 Refer to Henderson Electronics Corporation. The Model B2 radio is currently in production and it renders the Model A1 radio obsolete. If the remaining 500 units of the Model A1 radio are to be sold through regular channels, what is the minimum price the company would accept for the radios
Answer:
$4
Explanation:
Calculation to determine the minimum price the company would accept for the radios
Minimum price=Selling costs (40% variable)*$10
Minimum price=$4
Therefore the minimum price the company would accept for the radios will be $4 because it COVER THE VARIABLE SELLING EXPENSE
Line Corporation's balance sheet showed the following amounts for their liability and stockholders' equity accounts: Current Liabilities, $5,000; Bonds Payable, $1,500; Lease Obligations, $2,000; and Deferred Income Taxes, $300. Total stockholders' equity was $6,000. The debt-to-equity ratio is:___________
Answer:
the debt-to-equity ratio is 1.47
Explanation:
The computation of the debt-to-equity ratio is shown below
= (Current liabilities + Bonds payable + Lease obligations + Deferred income taxes) ÷ Total stockholder's equity
= ($5,000 + $1,500 + $2,000 + $300) ÷ $6,000
= 1.47
Hence, the debt-to-equity ratio is 1.47
Therefore the same should be considered and relevant
Under the Fair Debt Collection Practices Act, a collection company is legally permitted to a. call the debtor at any time of the day. b. call acquaintances of the debtor to tell them that the consumer is in debt. c. call the debtor even if the debtor has requested in writing that he or she wishes no further contact. d. visit the debtor at work if the consumer's employer permits such contact.
Answer: d. visit the debtor at work if the consumer's employer permits such contact.
Explanation:
Just because you owe money does not mean that a collection company can harass you. Debtors have rights too. Collection agencies cannot for instance, call debtors at any time of the day because they can only call between 8am and 9pm. Any time other than that needs to be with the debtor's consent.
The debtor cannot call acquaintances to tell them of the debt as they can only discuss it with the debtor, their spouse and their lawyer and if the debtor requests in writing that they wish to have no further contact, they cannot be contacted.
If the debtor's employer however allows collection agencies to visit a debtor at work, the collection agency can do so.
Suppose New Zealand uses one unit of labor to produce a kiwi and two units of labor to produce an apple. Suppose Australia uses two units of labor to produce a kiwi and one unit of labor to produce an apple. In this case, New Zealand:________
a. has a comparative advantage in producing apples.
b. has a comparative advantage in producing kiwis.
c. has a comparative advantage in producing both goods.
d. does not have a comparative advantage in producing either good.
Answer:
b. has a comparative advantage in producing kiwis.
Explanation:
Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.
This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.
In this scenario, New Zealand has a comparative advantage in producing kiwis than Australia because it uses one unit of labor to produce a kiwi and two units of labor to produce an apple
A firm borrows $255,000 from the bank at 6 percent compounded annually to expand the production capacity. This loan is to be repaid in equal installments at the end of each year over the next 14 years. How much will each annual payment be
Answer: $27,434.10
Explanation:
The equal installments can be considered to be annuities for the very fact that they are equal.
This means that the $255,000 that was borrowed would be the present value of this annuity.
The annuity itself can therefore be calculated as follows:
Present value of annuity = Annuity * Present value interest factor of annuity, 6%, 14 periods
255,000 = Annuity * 9.2950
Annuity = 255,000 / 9.2950
Annuity = $27,434.10
Làm thế nào để truyền thông nội bộ về thương hiệu cho nhân viên
Answer: có rất nhiều cách để truyền thông nội bộ về thương hiệu cho nhân viên nhưng cần xác định những luận điểm cụ thế về vấn đề này. đó là cần chọn ra một nhân viên, Nhân viên này sẽ là người phải hiểu rõ nhất về công ty, từ đó phối hợp với bộ phận nhân sự để tổ chức quản lý, điều hành nhân viên theo mục đích, tầm nhìn, hướng đi của lãnh đạo công ty. Đây là quá trình quyết định việc truyền thống nội thương hiệu cho nhân viên một cách rõ nét nhất và để nhân viên biết nắm bắt nhanh, tốt về thương hiệu của công ty mình làm. từ đó thực hiện suy nghĩ hành động mang lại lợi ích tốt cho công ty.
Explanation:
một vài phương pháp tốt để truyền thông nội bộ cho nhân viên :
1. Hiện nay là thời đại 4.0 con người và tất cả phương tiện đều hướng tới sự hiện đại hóa, tiện lợi hóa, thân thiện, hiệu quả. Cho nên trước hết chúng ta nên đẩy mạnh mảng truyền thông thông qua công nghệ số hướng tới những thứ nhân viên dễ nắm bắt và tận dụng để quảng bá thương hiệu của công ty cho nhân viên. ví dụ như:
Các phương tiện in ấn (báo chí nội bộ: các bản tin, sách về tổ chức, thư từ, các bài phát biểu...) và file và tài liệu đính kèm
Các bảng thông báo vì đây vẫn là phương tiện truyền thông được các doanh nghiệp sử dụng nhiều và có hiệu quả nhất
Mạng lưới internet nội bộ doanh nghiệp
Các dữ liệu về tổ chức như phim, video, ảnh, phóng sự, các giấy tờ, báo chí,...
Đài phát thanh nội bộ
Các cuộc họp giao ban nội bộ và các hội thảo đào tạo
Áp phích, bannner, biển quảng cáo nội bộ tại công ty
Sử dụng mạng xã hội thông qua Website, Fanpage, Group nội bộ,…để truyền thông.
2. Bên cạnh để nhân viên có ấn tượng tốt về thương hiệu của công ty. Bên phía công ty cũng cũng phải những chính sách thúc đẩy nhân viên. Một doanh nghiệp tốt là một doanh nghiệp biết chăm lo, quan tâm đến nhân viên. Như mọi cơ quan nhà nước hay các công ty, doanh nghiệp khác đều có chế độ đãi ngộ như lương cứng, lương thưởng ngày lễ, tết, bảo hiểm,... Nhưng doanh nghiệp cần phải chú ý đến những mức thưởng nóng, thưởng cá nhân xuất sắc, những chính sách khen thưởng được thiết kế dành riêng chỉ có một số cá nhân có thể đạt được, từ đó thúc đẩy sự cạnh tranh, hiệu suất làm việc của nhân viên.
3. bên cạnh đó những cá nhân hay tổ chức làm về truyền thông nội bộ cần phải chú ý lắng nghe giải đáp hay những ý kiến đóng góp đến từ phía nhân viên. Từ đó mà xây dựng tốt mạng lưới trong công ty gắn kết, góp phần xây dựng một môi trường làm việc văn minh, phát triển.
Answer:
Kỹ năng lắng nghe nguyện vọng của mọi người để hiểu trọn được nguyện vọng của họ, từ đó mới có thể dàn xếp thoả đáng theo điều kiện của công ty. Khi con người đã hiểu nhau, sự tin tưởng sẽ xuất hiện, khi đó mọi vấn đề dễ được giải quyết.
Kỹ năng “tâm truyền thông” của người làm truyền thông nội bộ là kỹ năng giao tiếp chân thành, tôn trọng nhau, có cái tâm, trách nhiệm với lời nói, cách hành xử, đứng đắn và minh bạch.
Explanation:
The negative impact of the Corona virus as one of the socio economic issues on businesses
Answer:
A socio-economic impact of this pandemic of coronavirus is that it threatens the life and economy of every country worldwide, causing increased poverty and widespread inequalities.
Explanation:
It is a pandemic disease, which spreads from person to person, based on available information. It is, therefore, necessary to avoid collection, to stay as home as possible, to practice distancing from society, to wear a mask, to use sanitizing agents, and to comply with local authorities until specific vaccines or drugs are available.
If the beginning raw materials inventory balance is $50 and the ending raw materials inventory balance is $500 and the amount of raw materials placed into production $400.....what are the Net Purchases for the period
Answer:
the net purchase is $850
Explanation:
The computation of the net purchase is shown below:
The amount of raw material placed into production = opening inventory + net purchase - ending inventory
$400 = $50 + net purchase - $400
So, the net purchase is $850
hence, the net purchase is $850
The net purchase for the period will be $850.
Amount of raw material placed into production) = Opening inventory + Net purchase - Ending inventory
$400 = $50 + Net purchase - $400
Net purchase = $850
In conclusion, the net purchase for the period will be $850.
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brainly.com/question/25530656
Marigold Corp. has beginning and ending raw materials inventories of $86000 and $110000, respectively. If direct materials used were $290000, what was the cost of raw materials purchased?a. $310,000.b. $330,000.c. $294,000.d. $326,000.
Answer: $314000
Explanation:
Based on the information given in the question, the cost of raw materials purchased will be calculated thus:
Materials used = Beginning inventory + Purchases - Ending inventory
$290000 = $86000 + Purchases - $110000
Purchases = $290000 + $110000 - $86000
= $314000
The cost of raw materials is $314000.
The Freeman Corporation issues 2,000, 10-year, 8%, $1,000 bonds dated January 1 at 96. The journal entry to record the issuance will show a:___.
a. debit to Cash of $2,000,000.
b. credit to Discount on Bonds Payable for $80,000.
c. credit to Bonds Payable for $1,920,000.
d. debit to Cash for $1,920,000.
Answer:
d. debit to Cash for $1,920,000
Explanation:
Journal entry
Date Account titles and Explanation Debit Credit
Cash $1,920,000
(2,000*$1,000*0.96)
Discount on Bonds Payable $80,000
(2,000*$1,000*0.04)
Bonds Payable $2,000,000
