A medium of exchange, by definition, is Group of answer choices the method used to buy and sell, be it barter or personal checks. paper bills and coins that are used to buy goods and services. precious metals that hold inherent value. what people trade for goods and services. the infrastructure used to transport and sell goods and services.

Answers

Answer 1

Answer:

what people trade for goods and services.

Explanation:

A medium of exchange is what people trade for goods and services. It could be coins, paper bills, coins, cowries, goods or personal check

I hope my answer helps you


Related Questions

Classify the following activities in providing medical services at Healthsmart Clinic.
Activity Control Level Activity Driver
A. Registering patients
B. Cleaning beds
C. Stocking examination rooms
D. Washing linens
E. Ordering medical equipment
F. Heating the clinic
G. Providing security services
H. Filling prescriptions
1. classify each activity as unit level (U), batch level (B), product level (P), or facility level (F).
2. identify an activity driver that might be used to measure these activities at the clinic.

Answers

Answer:

The following Classification of activities for medical services at health smart clinic is categorized below

Explanation:

Solution

Given that:

The following activities for providing medical services at health smart Clinic is stated below:

     Activity               Control level     Activity Driver

A. Patient registering - Unit level - Number of patients

B. Cleaning beds - Unit level - bed, patients, labor hours

C. Stocking examination rooms - Facility Level - Number of rooms

D. Washing linens - Batch level - Loads

E. Ordering medical equipment - Facility Level - Cost of equipment, Number of suppliers

F. Heating the clinic - Facility Level - Degree days, space

G. Providing security services - Facility level - No. of days , area covered

H. Filing prescriptions - Batch level - No. of prescriptions

Victor Rumsfeld Inc.'s dividend policy is under review by its board. Its projected capital budget is $2,000,000, its target capital structure is 60% debt and 40% equity, and its forecasted net income is $300,000. If the company follows a residual dividend policy, what total dividends, if any, will it pay out? Select the correct answer.

Answers

Answer:

The multiple choices are

a.  $240,000

b. $228,000

c. $216,600

d.$205,770

e. $0

The correct option is E,$0

Explanation:

The funding required from equity is 40% of the projected capital budget of $2000,000 which is expected to be from the profit attributable to stockholders since new issue of shares is not contemplated.

In other words, dividends payable to shareholders is the net income less their counter funding of the project which is computed below:

residual dividends=net income-(equity%*capital outlay)

residual dividends=$300,000-(40%*$2000,000)

                               =$300,000-$800,000=$0

In essence the $300,000 is not even enough as funds expected from equity less alone paying excess as dividend

A firm is deciding between two different sewing machines. Technology A has fixed costs of $500 and marginal costs of $50 whereas Technology B has fixed costs of $250 and marginal costs of $100. ​If the price is $60 per unit, what is the break even amount of units for technology A?A. ​50 ​B. 100 ​C. 150​D. None-They would have to shut down

Answers

Answer:

A. 50 units

Explanation:

Break even point (units) = Fixed cost / (Selling price - Variable cost)

= $ 500 / ($ 60 - $ 50)

= $ 500/$10

= 50 units

The break-even point is derived by dividing the fixed costs of production by the price per unit - the variable costs of production. Break-even point is the level of production at which the costs of production equal the Income for the particular product

Farron Corporation, which has only one product, has provided the following data concerning its most recent month of operations:
Selling price $92
Units in beginning inventory 0
Units produced 8,700
Units sold 8,300
Units ending inventory 400
Variable costs per unit:
Direct materials $13
Direct labor $55
Variable manufacturing overhead $1
Variable selling and administrative $5
Fixed costs:
Fixed manufacturing overhead $130,500
Fixed selling and administrative $8,300
What is the unit product cost for the month under absorption costing?
a) $74 per unit
b) $89 per unit
c) $69 per unit
d) $84 per unit

Answers

Answer:

Unit product cost= $84

Explanation:

Giving the following information:

Units produced 8,700

Direct materials $13

Direct labor $55

Variable manufacturing overhead $1

Fixed manufacturing overhead $130,500

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

Unitary fixed overhead= 130,500/8,700= $15

Unit product cost= 13 + 55 + 1 + 15= $84

Cost of goods manufactured equals $55,000 for 2020. Finished goods inventory is $2,000 at the beginning of the year and $5,500 at the end of the year. Beginning and ending work in process for 2020 are $4,000 and $5,000, respectively. How much is cost of goods sold for the year?

Answers

Answer:

$51,500

Explanation:

The computation of the cost of goods sold for the year is shown below:

As we know that

Cost of Goods Sold = Beginning balance of Finished Goods Inventory + Cost of Goods Manufactured – Ending balance of Finished Goods Inventory

= $2,000 + $55,000 - $5,500

= $51,500

We simply applied the cost of goods sold formula by taking the three items into the computation part

Allyson Gomez invests $8,000 today in an investment that earns 6 percent per year (compounded annually) for 25 years. The average inflation rate is expected to be 1.8 percent per year. She will have much more than $8,000 in 25 years BUT what would this future amount be if expressed in today’s dollars? a. $34,335 b. $21,981 c. $52,306 d. $12,496 e. $21,839

Answers

Answer:

B

Explanation:

The first thing to do here is to calculate what the amount of money invested would be in 25 years given the interest rate.

Mathematically, that can be written as;

V = P(1 + r)^n

Where V is the future value

P is the present value which is $8,000

r is interest rate which is 6% (6/100 = 0.06)

n is the number of years which is 25 years

Now plugging these values into the equation, we have

V = 8,000(1 + 0.06)^25

V = 8,000(1.06)^25

V = $34,334.97 which is approximately $34,335

We can now proceed to get what this future value would be today if we take the inflation rate into consideration

Mathematically, this can work as follows

P = V(1 + i)^n

Where P is the present value of the money when the inflation is taken into consideration

V is the future value of the money which was calculated from above as $34,335

i is the inflation rate which is 1.8% per annum = (1.8/100 = 0.018)

n is the number of years which is 25

Substituting these values, we have;

P = 34,335/(1 + 0.018)^25

P = 34,335/(1.018)^25

P = 21,980.75

Which is approximately P = $21,981

Asset management ratios are used to measure how effectively a firm manages its assets, by relating the amount a firm has invested in a particular type of asset (or group of assets) to the amount of revenues the asset is generating. Examples of asset management ratios include the average collection period (also called the days sales outstanding ratio), the inventory turnover ratio, the fixed asset turnover ratio, and the total asset turnover ratio.
Consider the following case:
Walker Telecommunications has a quick ratio of 2.00x, $35,550 in cash, $19,750 in accounts receivable, some inventory, total current assets of $79,000, and total current liabilities of $27,650. The company reported annual sales of $200,000 in the most recent annual report.
Over the past year, how often did Walker Telecommunications sell and replace its inventory?
a. 8.01 x
b. 5.24 x
c. 2.85 x
d. 4.75x

Answers

Answer:

Option A 8.01x is the closest answer

Explanation:

Quick ratio =current assets-inventory/current liabilities

let x represent the value of inventory

quick ratio is 2.00

current assets is $79,000

current liabilities is $27,650

2.00=$79,000-x/$27650

2.00*$27,650=$79,000-x

$55,300=$79,000-x

x=$79,000-$55,300

x= $23,700.00  

Inventory turnover =sales/inventory

sales is $200,000

Inventory value is $23,700

inventory turnover ratio=$200,000/$23,700=8.44

The closest option is A,

"The Price King Auto Mall pays their sales staff by commission. They are paid a percent of the profit the dealership makes on each sold car. If the profit is $900 or less, the commission rate is 18%. If the profit is great than $900 and less than or equal to $1,500, the commission rate is 20% of the profit. If the profit is higher than $1,500, the rate is 25% of the profit. Jared sold a car that made a profit of $2500. What is the amount of commission he will receive

Answers

Answer:

$625

Explanation:

He made a profit of $2500 which is greater than $1500, so he would earn a 25% commmision

25% of $2500 = $625

I hope my answer helps you

Chang Industries has 1,200 defective units of product that have already cost $13.20 each to produce. A salvage company will purchase the defective units as they are for $4.20 each. Chang's production manager reports that the defects can be corrected for $6.80 per unit, enabling them to be sold at their regular market price of $19.40. The incremental income or loss on reworking the units is: Multiple Choice $18,240 income. $10,080 loss. $8,160 loss. $15,120 income. $10,080 income.

Answers

Answer:

$10,080 income

Explanation:

The computation of  incremental income or loss on reworking the units is shown below:-

Incremental income on reworking unit = Sales after reworking - Sales to salvage company - Incremental cost

= (1,200 × $19.40) - (1,200 × $4.20) - (1,200 × $6.80)

= $23,280 - $5,040 - $8,160

= $10,080 income

Therefore for computing the Incremental income on reworking unit we simply applied the above formula.

In its first month of operations, Concord Corporation made three purchases of merchandise in the following sequence: (1) 250 units at $6, (2) 350 units at $8, and (3) 450 units at $9. Assuming there are 150 units on hand at the end of the period, compute the cost of the ending inventory under (a) the FIFO method and (b) the LIFO method. Concord Corporation uses a periodic inventory system.

Answers

Answer:

FIFO - $1350

LIFO - $900

Explanation:

Total inventory = 250 + 350 + 450 = 1050

Total inventory sold = 1050 - 150 = 900

FIFO means first in , first out. It means that it is the first purchased inventory that is the first to be sold. So the ending inventory would consist of the last purchased inventory. So the cost of the ending inventory would be allocated to the 3rd purchase of inventory

150 x $9 = $1350

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold. So the ending inventory would consist of the first purchased inventory. So the cost of the ending inventory would be allocated to the 1st purchase of inventory

150 x $6 = $900

I hope my answer helps you

Other things equal, the multiplier will be greater

Answers

Answer:

The larger

Explanation:

marginal propensity to consume. New loans decrease the money supply in an economy.

"Isidore Crocker, CEO of Gotham Engines, is strongly in favor of acquiring Carolina Textiles, a firm in an unrelated industry. Some members of the board of directors are questioning Crocker's motives for the acquisition. They argue that it is not uncommon for CEOs to push for acquisitions because: Group of answer choices"

Answers

Answer:

higher CEO pay is related to larger organization size

Explanation:

Since in the given situation, Isidore Crocker, who is the CEO of Gotham Engines want to acquire the Carolina Textiles who deal in an unrelated industry. But the board of directors questioning that what is the motive for this. At the same time it is also not uncommon for CEO as the larger part of the company profit is paid to CEO that is related to the size of the organization

In other words, the higher the CEO salary, the larger is the size of the organization

If Katerina were delivering an expository speech about strip mining, she would be presenting _______________________. a. an informative process speech b. an exposition of a theory, principle, or law c. an exposition of political, economic, social, religious, or ethical issues d. an exposition of historical events and forces

Answers

Answer:

a. an informative process speech

Explanation:

An expository speech is one that explains the processes involved in doing an activity. It is meant to inform the audience on processes involved in executing a task.

In this scenario strip mining is the process of removing the top layer of soil in order to gain access to a mineral. This process is opposed to digging of deep holes to access minerals. The method is commonly used in coal reserves.

An expository speech by Katerina on strip mining will be an informative process speech on this process of mining minerals

The inventory data for an item for November are: Nov. 01 Inventory 16 units at $22 04 Sale 9 units 10 Purchase 29 units at $23 17 Sale 17 units 30 Purchase 24 units at $24 Using a perpetual system, what is the cost of merchandise sold for November if the company uses LIFO? a.$1,013 b.$743 c.$589 d.$582

Answers

Answer:

Cost of goods sold $ 589

Explanation:

Under the LIFO inventory system units of inventory are priced using the price of the most recent batch purchased and this continues in turn.

The total value of purchases = (16 × $22)  + ( 29 × $2) +  (24 × $24)= $1,595

The cost of goods sold can worked out as follows:

Nov 4th - 9 × $22    = 198

Nov 17th - 17× $23 = 391

Cost of goods sold = (198+ 391 )=$ 589

Cost of goods sold $ 589

Miller Company's most recent contribution format income statement is shown below:sales (20,000 units)............300,000 15.00Variable expenses.............180,000 9.00CM ..............................120,000 6.00Fixed expense................. 70,000Net operating income......... 50,000Required:Prepare a new contribution format income statement under each of the following conditions (consider each case independently):1. The number of units sold increases by 15%.2. The selling price decreases by $1.50 per unit, and the number of units sold increases by 25%.3. The selling price increases by $1.50 per unit, fixed expenses increase by $20,000, and the number of units sold decreases by 5%.4. The selling price increases by 12%, variable expenses increase by 60 cents per unit, and the number of units sold decreases by 10%.

Answers

Answer:

Miller Company

New contribution format income statement under each of the following conditions (consider each case independently):

1. The number of units sold increases by 15%.

Sales (23,000 units)     $345,000 ( unit price $15.00)

Variable expenses       $207,000 ( unit cost $9.00)

Contribution Margin     $138,000 ( unit $6.00)

Fixed expense               $70,000

Net operating income $68,000

2. The selling price decreases by $1.50 per unit, and the number of units sold increases by 25%.

Sales (25,000 units)    $337,500 ( unit price $13.50)

Variable expenses      $225,000 ( unit cost $9.00)

Contribution Margin     $112,500 ( unit $4.50)

Fixed expense               $70,000

Net operating income $42,500

3. The selling price increases by $1.50 per unit, fixed expenses increase by $20,000, and the number of units sold decreases by 5%.

Sales (19,000 units)      $313,500 ( unit price $16.50)

Variable expenses        $171,000 ( unit cost $9.00)

Contribution Margin    $142,500 ( unit $7.50)

Fixed expense              $90,000 ($70,000 + 20,000)

Net operating income $52,500

4. The selling price increases by 12%, variable expenses increase by 60 cents per unit, and the number of units sold decreases by 10%.

Sales (18,000 units)    $302,400 ( unit price $16.80)

Variable expenses      $172,800 ( unit cost $9.60)

Contribution Margin   $129,600 ( unit $7.20)

Fixed expense              $70,000

Net operating income $59,600

Explanation:

a) Contribution Format Income Statement as per question:

Sales (20,000 units)   $300,000 ( unit price 15.00)

Variable expenses      $180,000 ( unit cost 9.00)

Contribution Margin   $120,000 ( unit 6.00)

Fixed expense              $70,000

Net operating income $50,000

b) The contribution format income statement can be prepared under different scenarios to account for different events as in the above.  They are estimates of future occurrences under scenario planning and analysis which can help management to make informed decisions, knowing the outcome of each situation.

Last year Carson Industries issued a 10-year, 13% semiannual coupon bond at its par value of $1,000. Currently, the bond can be called in 6 years at a price of $1,065 and it sells for $1,200. What is the bond's nominal yield to maturity

Answers

Answer:

10%

Explanation:

This can be calculated using the nominal yield to maturity (YTM) formula as follows:

Yield to maturity = [C + ((F - P) / n)] / [(F + P) / 2]  ........ (1)

Where;

F = Face or par value = $1,000

C = Coupon or interest payment = $1,000 * 13% = $130

P = quoted price = $1,200

n = Years to maturity = 10

Substituting the values into equation (1), we have:

Yield to maturity = [130 + ((1,000 - 1,200) / 10)] / [(1,000 + 1,200) / 2]  = 0.10, or 10%.

Pell Company acquires 80% of Demers Company for $500,000 on January 1, 2010. Demers reported common stock of $300,000 and retained earnings of $210,000 on that date. Equipment was undervalued by $30,000 and buildings were undervalued by $40,000, each having a 10-year remaining life. Any excess consideration transferred over fair value was attributed to goodwill with an indefinite life. Based on an annual review, goodwill has not been impaired. Demers earns income and pays dividends as follows: Assume the equity method is applied. 8. Compute Pell's income from Demers for the year ended December 31, 2010. A. $74,400. B. $73,000. C. $42,400. D. $41,000. E. $80,000.

Answers

Answer:

$74,400

Explanation:

Pell Company

Pell's income from Demers for the year ended December 31, 2010

Controlling Interest Share of Net Income for 2010- Excess Fair value Annual Amortization

Controlling Interest Share of Net Income for 2010= ($100,000 × .80) $80,000

Less Excess Fair Value Annual Amortization =($7,000 × .80) $5,600

Pell Income= $74,400

Required information The Foundational 15 [LO5-1, LO5-3, LO5-4, LO5-5, LO5-6, LO5-7, LO5-8] [The following information applies to the questions displayed below.] Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales $ 20,000 Variable expenses 12,000 Contribution margin 8,000 Fixed expenses 6,000 Net operating income $ 2,000 Foundational 5-11 11. What is the margin of safety in dollars

Answers

Answer:

$5,000

Explanation:

Sales $20,000

Variable expenses $12,000

Contribution margin $8,000

Fixed expenses $6,000

Net operating income $2,000

margin of safety in $ = current sales level - break even point

margin of safety in % = (current sales level - break even point) / current sales level

first we need to calculate the contribution margin per unit = $20 - $12 = $8 per unit

break even point = fixed costs / contribution margin = $6,000 / $8 = 750 units

sales level at break even point = 750 x $20 = $15,000

margin of safety in $ = $20,000 - $15,000 = $5,000

margin of safety = ($20,000 - $15,000) / $20,000 = $5,000 / $20,000 = 25%

Alain Mire files a single tax return and has adjusted gross income of $309,000. His net investment income is $48,000. What is the additional tax that Alain will pay on his net investment income for the year

Answers

Answer: $1,824

Explanation:

According to the IRS, Net Investment Income tax is the lesser figure of either,

i. The net investment income or,

ii. Modified adjusted gross income less the threshold of $200,000 of the person.

The lesser figure is then multiplied by 3.8% to find the tax.

Alain Mire's net Investment Income is $48,000.

His Modified adjusted gross income less the threshold of $200,000 is,

= 309,000 - 200,000

= $109,000

The lesser figure is his Net Investment Income so Additional Tax is,

= 48,000 * 3.8%

= $1,824

Assume you are the president of Nuclear Company. At the end of the first year of operations (December 31), the following financial data for the company are available: Accounts Payable$33,000 Accounts Receivable 59,950 Cash 13,500 Common Stock 63,030 Dividends 230 Equipment 32,000 Notes Payable 1,500 Operating Expenses 61,700 Other Expenses 9,000 Sales Revenue 87,300 Supplies 8,450 Prepare a statement of retained earnings for the year ended December 31.

Answers

Answer:

Ending retained earnings is     $ 16,370.00  

Explanation:

Before preparing the statement of retained earnings for the year ended December 31, the net income for the current year needs to be ascertained.

net income=sales revenue-operating expenses-other expenses

net income=$87,300-$61,700-$9000=$ 16,600.00  

Statement of Retained earnings for the year ended 31 December:

Beginning retained earnings     $0

net income                                  $16,600

dividends                                    ($230)

ending retained earnings         $ 16,370.00  

   

Complex companies adopt decentralization in order to realize all of the following benefits, except:________.
1. delegation of control to lower levels of management, thus facilitating their training and development
improved awareness of, and response to, local conditions
2. reduced record-keeping
3. shorter elapsed time from problem identification to decision-making and implementation
4. no exceptions above

Answers

Answer:

2. reduced record-keeping

Explanation:

The decentralization is the chain of the processes in which the proper process of all department is followed

Just like from top-level to middle level and then lower level

And, the inverse is lower level to middle level to top level.

The authority and responsibility are delegated to each level of management so that the day to day operations could be performed in a smooth, effective and efficient manner

For the complex companies who adopt decentralization, they have all the benefits like delegation, problem identification but do not reduce record keeping as it is not an easy task for every company

Hence, option 2 is correct

Rebecca Reyher wrote (and copyrighted) a children’s book entitled My Mother Is the Most Beautiful Woman in the World. The story was based on a Russian folktale told to her by her own mother. Years later, the children’s TV show Sesame Street televised a skit entitled "The Most Beautiful Woman in the World." The Sesame Street version took place in a different locale and had fewer frills, but the sequence of events in both stories was identical. Has Sesame Street infringed Reyher’s copyright?

Answers

Answer:

The correct answer is: Initially, yes it did violated the law. But it depends.

Explanation:

To begin with, we need to understand that when it comes to the law of copyright the consequences of violating it depends on the particulary situation that the parties shared. Therefore that initially, Sesame Street would have violated the copyright law if they did not establish a contract that can allow them to use that story. However again, if in a first place the Reyher violated the law then Sesame Street will be out of charges becuase the first violation was caused by the writter and in other case it could also be seen as therewas no violation due to the fact that is a russian folktale and those stories have no copyright.  

An adjusted trial balance is given below.

Debit Credit
Cash $12,000
Accounts Receivable 3,000
Prepaid Rent 700
Merchandise Inventory 25, 000
Accounts Payable $4,100
Salaries Payable 1,500
Notes Payable 800
Common Stock 8,000
Retained Earnings 3,500
Dividends 1,000
Sales Revenue 89,500
Cost of Goods Sold 21,000
Salaries Expense 20,000
Rent Expense 14,000
Selling Expense 8,300
Delivery Expense 1,900
Supplies Expenseâââââ 500âââââââââââââââ
Totalâ $107,400â$ 107,400

What will be the final balance in theâ corporation's Retained Earnings account after recording the closingâentries?

Answers

Answer:

$16,400

Explanation:

The formula for Retained Earnings = Total assets - Total Liabilities except Retained Earnings

Under the Balance sheet in accordance with this question, the asset recognizable are Cash Account Receivables Prepaid Rent and Merchandise inventory. The liability recognizable are Account payable, Salary Payable, Notes Payable and Common stocks

Therefore Retained earnings = (12000+3000+700+25000)-(14000+1500+800+8000)

Retained earnings = 40700 - 24300

Retained earnings = $16,400

Where does Hewitt’s leadership fall on the Managerial Grid discussed in the chapter? (5 marks) (b) What deficiencies or shortcomings would you identify in Hewitt’s leadership

Answers

Answer:

The Hewitt's leadership falls on the the Middle of Road Management, which is carefully assessed, realistic and in turn creates a balance between concerns for people and production.

The shortcomings of this leadership are, Failure to motivate and inspire people, lack of passion and enthusiasm, Inability to keep workers.

Explanation:

Solution:

(a) The leadership of Hewitt fall towards the Middle of Road Management at 5,5 points, as it is well realistic, carefully assessed or adjusted, and satisfies the concerns for the people and production.

(b) The shortcomings or defaults discovered in Hewitt's Leadership is stated as follows:

The failure to motivate and inspire peopleThe Inability to retain employees or workersThe lack of passion and willingness or zealThe lack of appreciation on employee or individual

Spotter Corporation reported the following for June in its periodic inventory records. Date Description Units Unit Cost Total Cost June 1 Beginning 20 $ 10.00 $ 200.00 11 Purchase 30 11.00 330.00 24 Purchase 30 13.00 390.00 30 Ending 34 Required: Calculate the cost of ending inventory and the cost of goods sold under the (a) FIFO, (b) LIFO, and (c) weighted average cost methods. (Do not round your intermediate calculations. Round "Weighted Average Cost" to 2 decimal places.)

Answers

Answer:

(a) FIFO

cost of ending inventory = $442.00

cost of goods sold = $486.00

(b) LIFO

cost of ending inventory = $354.00

cost of goods sold = $566.00

(c) weighted average cost

cost of ending inventory = $391.00

cost of goods sold = $529.00

Explanation:

(a) FIFO

cost of ending inventory

cost of ending inventory  = Number of Units left × Earliest Price

                                          = 34 × $13.00

                                          = $442.00

cost of goods sold (46 units sold during the year)

cost of goods sold  : 20 units × $10 = $200

                                  26 units × $11  = $286

                                  Total                 = $486

(b) LIFO

cost of ending inventory

cost of ending inventory : 20 units × $10 = $200

                                           14 units  × $11  = $154

                                           Total                = $354

cost of goods sold (46 units sold during the year)

cost of goods sold :    30 units × $13 = $390

                                     16 units × $11  = $176

                                    Total                 = $566

(c) weighted average cost

cost of ending inventory

cost of ending inventory  = Number of Units left × Average price

New Average Price = ((20 units × $10) + (30 units × $11)) / 50 units

                                 = $10.60

New Average Price = ((50 units × $10.60) + (30 units × $13)) / 80 units

                                 = $11.50

cost of ending inventory  = 34 units × $11.50

                                          = $391.00

cost of goods sold (46 units sold during the year)

cost of goods sold  = Number of Units Sold × Average price

                                = 46 units × $11.50

                                = $529.00

c

A summary of selected ledger accounts appears below for Alberto's Plumbing Services for the current calendar year-end. Alberto, Capital 12/31 8,500 1/1 6,500 12/31 15,000 Alberto, Drawing 6/30 3,500 12/31 8,500 11/30 5,000 Net income for the period is a.$15,000 b.$18,500 c.$33,500 d.$13,000

Answers

Answer:  a.$15,000

Explanation:

The Net Income for the year is usually credited to the Capital Account on the last day of the year as Retained Earnings for the year.

The only amount credited to the capital account in the above question is the $15,000 that came in on the 12th of December so it must be the Net Income for the period.

Ethics is a hot topic in business, as well as in Project Management. Using some of the examples presented therein, what kinds of dilemmas have you either seen, encountered, or can envision from your field of study and/or work? How does this affect international projects and venues?

Answers

Answer:

Without question, ethics is indeed a very hot subject of industry. Various forms of ethical challenge come up particularly in managing projects. I encountered only a handful of the above :-

(A) It is a predicament to finish the ethical task in a timely manner but to with over-exploit natural resources by simply avoiding even their own work-life balance.

(B) Much of the project has to be successfully completed and within likely cost. The conundrum faced can jeopardise the excess cost savings with the value of the project that would result in customer unhappiness.

Plum Corporation (a C corporation and a computer manufacturer) donated 100 laptop computers to a local university (a qualified educational organization) this year. The computers were constructed by Plum earlier this year, and the university will use the computers for research and research training. Plum's basis in the computers is $35,000, and their fair market value is $120,000. What is Plum's deduction for the contribution of the computers (ignoring the taxable income limitation)?

Answers

Answer:

Plum’s deduction for the contribution of the computers is $70,000

Explanation:

According to the given data the contribution of the computers qualifies for the increased contribution amount available with respect to certain inventory.

Therefore,  The contribution amount is equal to the lesser of :

1) $35,000 basis + 50 % * ( $120,000 FMV - $35,000 basis ) = $ 77,500 ( basis + 50 % of the appreciation on the property )

2) $35,000 * 2 = $ 70,000 ( twice the property's basis )

Therefore, Plum’s deduction for the contribution of the computers is $70,000.

Answer:

$70,000

Explanation:

Solution

Recall that:

Plum's basis in the computers is= $35,000

The fair market value is = $120,000.

Now,

We find the deduction for plum's corporation towards the contribution of computers.

Thus,

The donation of the computers allows for the increased amount  contribution at hand with respect to certain inventory. The contribution amount is equal to the lesser of the following:

So,

35000 basis + 50 % * ( 120000 FMV - 35000 basis ) = $ 77500 ( basis + 50 % of the appreciation on the property )

Then

35000 * 2 = $ 70000 ( twice the property's basis )

Hence, Plum’s deduction for the contribution of the computers is 70000.

Assume that the economy has three types of people. 20% are fad followers, 75% are passive investors, and 5% are informed traders. The portfolio consisting of all informed traders has a beta of 1.4 and an expected return of 16%. The market has an expected return of 10% and the risk-free rate is 4%. The alpha for the informed investors is closest to:

Answers

Answer:

3.6%

Explanation:

The computation of the alpha for the informed investors is shown below:

As we know that

Expected rate of k = Risk free rate of return + Beta × (Market rate of return - Risk free rate of return) + Alpha

16% = 4% + 1.4 × (10% - 4%) + Alpha

16% = 4% + 8.4% + Alpha

16% = 12.4% + Alpha

So,

Alpha = 3.6%

We simply applied the above formula to determine the alpha

The rate of return is a metric for determining whether an investment has made a profit or loss money over time.

Given Information:-

Beta=1.4Expected return=16%expected return=10%Risk-free rate=4%

The computation of the alpha for the informed investors is shown below:

Expected rate of k = Risk free rate of return + Beta × (Market rate of return - Risk free rate of return) + Alpha

16% = 4% + 1.4 × (10% - 4%) + Alpha

16% = 4% + 8.4% + Alpha

16% = 12.4% + Alpha

Alpha = 3.6%

To know more about Expected rate, refer to the link:

https://brainly.com/question/4306148

Describe a "rite of initiation" that you experienced at a place of work. This could be described via a situation in which you began with the company as a new employee, or during a period of time in which your status within the company changed. In your opinion, are rites of initiation in the workplace a good thing?

Answers

Answer: Rites of initiation is a good thing at the workplace. The answer is explained further below.

Explanation:

Initiation is the rite of passage marking the entrance or acceptance into an organization, a group or a society. The rite of initiation I experienced at a place of work was when I worked as an intern for a firm and I was told that the rite of initiation was for me to sing my favourite song. I actually sang my favorite song and it was fun and I was welcomed into the organization and introduced myself.

I believe rites of initiation are important at the workplace. It helps to increase engagement, boost employee moral, and also foster a supportive culture. It also enable the organization reach its goals as the workers are united and work as a team.

        A Rites of initiation are a good thing at the workplace. When Initiation is the rite of passage marking the entrance or acceptance into an organization a society. When I have experienced The rite of initiation at a place of work was I worked as an intern for a firm and I was told that the rite of initiation was for me to sing my favorite song. That I actually feel and sang my favorite song and it was too much fun and I was welcomed into the organization and introduced myself. I believe that the rites of initiation are important at the workplace. But It helps to increase engagement, boost up employee morale, and also foster a supportive culture. It also enables the organization to reach its goals as the workers are united and work as team members.

Learn more about:

https://brainly.in/question/40560952

Other Questions
Find the balance at the end of 4 years if $10000 is deposited at a rate of 1.5% simple interest What does it mean to "read between the lines"? It means to make an inference about what happened. It means to look for notes written in the text margins. It means to write your own notes in the margins for others. It means to search for multiple meanings to some words. The english bill of right invited canada to join the united states? True or false The document transferred power from king to the parliament_______? A) Mayflower compact B) Magna carta C) English bill of right D) article of confederation E) constitution The pope can choose to excommunicate or cast out from the church those deemed guilty of serious offenses. *(15 points)TrueFalse If it costs $5.00 to get into the park and $1.50 for each go-kart ride, which function would best represent the cost to go to the park and ride go-karts?fSOS A triangle with side lengths is 5,5,8 is what type of triangle Alison, the owner of a regional chain of pizza stores, is trying to decide whether to add calzones to the menu. She conducts a survey of 700 people in the region and asks whether they would order calzones if they were on the menu. 46 people responded yes. Create a 90% confidence interval for the proportion of people in the region who would order calzones if they were on the menu.Round your answer to four decimal places. Express the following ratio in its simplest form.4:12 The best experimental design:______ a. alters only one condition between the controls and the experimental condition b. includes a large sample size for each condition c. includes a control -3x-10=32 i couldn't find the answer!! In the afternoon people went to watch the gladiators. The correct negative form is :Opciones: b. In the afternoon people didnt go to watch the gladiators a. In the afternoon people didnt went to watch the gladiators c. In the afternoon people didnt goed to watch the gladiators Help!Read the sentences from Jacob's rough draft of his essay. Thanks to his successful business and charitable work, my great-grandfather was a prominent person in the community. His prominent nose and chin were often seen on the front page of the local newspaper. Jacob looks up the word "prominent" in a thesaurus and finds this entry. prominent adj. 1. jutting. 2. notable. 3. projecting. 4. striking. In the first sentence, Jacob wants to replace "prominent" with a synonym. Which word should he use? A) juttingB) notableC) projectingD) striking Solve this inequality.-5x + 7 > 42A. x> 245B. x < -175C. x > 7D. x < -7 not sure help please What is a jet stream? explain whether railroads, ranching, or homesteading had the most negative impact on native tribes in the west. please and thank you Using this label, which statement best describes the foodproduct?O It has 180 calories.O It has 70 milligrams of sodium.O It has 19 grams of carbohydrates,O There is a total fat content of 8 grams.%%%"%5%5% Researchers divided a group of people on the basis of their smoking status (smokers and non-smokers) and followed them for 20 years to see if they developed lung cancer.This is an example of what type of epidemiological research design Shortly after a stream dried up, you noticed a change in the field mouse population coat color variation. When the stream was flowing, there were two populations, one with darker coats and one with lighter coats. After the stream dried up, mice with darker coats were being born into the lighter coat population and vice versa.a. Trueb. False Which of the following atoms has the largest atomic radius? Provide an explanationa Hydrogenb. SodiumC Lithiumd Rubidium