Answer:
$9,100
Explanation:
Calculation for what amount will Bahama record the dishwasher
Using this formula
Amount to record
dishwasher=Cash+Transportation costs+Installation fees
Let plug in the formula
Amount to record dishwasher=$8,000 + $600 + $500
Amount to record dishwasher = $9,100
Therefore the Amount to record dishwasher will be $9,100
why does location matter?
answer: you need to know where your at
Monetary policy is linked to fiscal policy when government spending is financed by:_____.a) taxes. b) borrowing from banks. c) borrowing from foreigners. d) printing money.
Answer:
d) printing money.
Explanation:
Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.
For instance, measuring the time between when a fiscal policy is implemented and when the people feel its impact in the society refers to a lag.
A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment. Monetary policy affects the money supply in an economy, which then creates an impact on interest rates and the inflation rate.
Additionally, a stimulative fiscal policy when combined by the government with a restrictive monetary policy will result in an increase in the interest rates.
Hence, a monetary policy is linked to fiscal policy when government spending is financed by printing money because the printing of money would significantly increase the circulation of money or money supply and most likely result in inflation.
_______________________ are numerically small, but well organized groups that are able to exert a disproportionate effect on political outcomes.
a. Bipartisan reform organizations
b. Special interest groups
c. Social scientists organizations
d. Bipartisan campaign reformers
Answer:
b. Special interest groups
Explanation:
Indeed, these special interest groups often use several approaches to make certain political outcomes like lobbying, running online petition signing, etc.
For example, the black lives matter group is an example of a special interest group because they were able to exert political influence to change police tactics throughout the United States.
The composition of the Fingroup Fund portfolio is as follows:_________.
Stock Shares Price
A 200,000 $35
B 300,000 40
C 400,000 20
D 600,000 25
The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $30,000. There are 4 million shares outstanding. What is the net asset value of the fund?
Answer: $10.49
Explanation:
Net Asset Value is the equity of the portfolio divided by the number of shares outstanding.
Equity = Assets - Liabilities
So,
Net Asset Value = (Assets - Liabilities) / No. of shares outstanding
Assets = (200,000 * 35) + (300,000 * 40) + (400,000 * 20) + (600,000 * 25)
= $42,000,000
Liabilities will be the accrued management fee.
Net Asset Value = (42,000,000 - 30,000) / 4,000,000
= 10.4925
= $10.49
Michelle Duncan wants to know her affordable home purchase price. Her annual gross income is $49,800. She has $820 per month of other debt and expects her property taxes and homeowners insurance to cost $270 per month. She knows she can get a 8.50%, 30-year mortgage so that her mortgage payment factor is $7.69. She expects to make a 25% down payment. What is Michelle's affordable home purchase price? (Round your answer to the nearest dollar amount.)
a) $21,110
b) $253,316
c) $63,329
d) $84,439
e) $48,710
Answer:
d) $84,439
Explanation:
We can use the rule of 28/36 to calculate Michelle's affordable home purchase. She should only spend up to 28% of her monthly income on housing expenses and up to 36% of her monthly income paying for debt service.
monthly salary = $49,800 / 12 = $4,150
her total monthly amount to pay for debt service = $4,150 x 36% = $1,494
she is already paying $820 per month for other debts, so her monthly payment should be less than: $1,494 - $820 = $674
her total monthly amount to pay for housing expense = $4,150 x 28% = $1,162
she is planning on paying $270 in related house expenses, so her monthly payment should be less than: $1,162 - $270 = $892
out of the five options, Michelle cannot afford to buy the $253,316 house, but she can afford to buy the $84,439 house.
[($21,110 x 0.75) / $1,000] x 7.69 = $121.75 monthly payment
[($253,316 x 0.75) / $1,000] x 7.69 = $1,461 monthly payment
[($63,329 x 0.75) / $1,000] x 7.69 = $365.25 monthly payment
[($84,439 x 0.75) / $1,000] x 7.69 = $487 monthly payment
[($48,710 x 0.75) / $1,000] x 7.69 = $280.93 monthly payment
M and M, Inc. produces a product that has a variable cost of $3.40 per unit. The company's fixed costs are $41,600. The product is sold for $6 per unit and the company desires to earn a target profit of $13,000. What is the amount of sales that will be necessary to earn the desired profit? (Do not round intermediate calculations.) A. $305,200 B. $96,000 C. $150,600 D. $126,000
Answer:
D. $126,000
Explanation:
We will calculate the amount of sales to earn desired profit as;
= (Desired profit + Fixed costs) / Contribution margin %
Given that;
Desired profit = $13,000
Fixed costs = $41,600
We can calculate contribution margin % using the formula;
= (Sales price per unit - Variable cost per unit) / Sales price per unit
= ($6 - $3.4) / $6
= $2.6 / $6
= 0.4333333
= 43.33333% rounded off
We can now calculate ;
Amount of sales = (Desired profit + Fixed costs) / Contribution margin %
= ($13,000 + $41,600) / 43.33333%
= $54,600 / 43.33333%
= $126,000
Therefore, the amount of sales that will be necessary to earn the desired profit is $126,000
She has read a number of newspaper articles about a huge IPO being carried out by a leading technology company. She wants to purchase as many shares in the IPO as possible and would even be willing to buy the shares in the open market immediately after the issue. What advice do you have for her?
Answer:
Explanation:
I believe the best advice that can be given is to do thorough research into the company before investing and do not invest more than you are willing to lose. Initial Public Offerings (IPO) can be incredibly risky investments because they can be complete scams or can be legit startup companies but make one mistake and quickly go bankrupt causing the shares to be worthless and you lose all of your money. But with great risk comes great reward, If they do manage to take you off you can make a lot of money. Therefore, research and invest only what you can live without is the best advice.
Suppose that you buy a 1-year maturity bond with a coupon of 7.2% paid annually. If you buy the bond at its face value, what real rate of return will you earn if the inflation rate is 2%? 4%? 8.30%? (Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places. Negative amount should be indicated by a minus sign.)
Answer:
Explanation:
The Real rate of return would be calculated as:
= (1 + Coupon rate)/(1 + Inflation rate) - 1
a. When inflation rate = 2%
Coupon rate = 7.2%
= (1+7.2%) / (1+2%) -1
= (1 + 0.072) / (1 + 0.02) - 1
= 5.10%
b. When inflation rate = 4%
= (1+7.2%) / (1+4%) -1
= (1 + 0.072) / (1 + 0.04) - 1
= 3.08%
3) When inflation rate = 8.30%
= (1+7.2%) / (1+8.3%) -1
= (1 + 0.072) / (1 + 0.083) - 1
= -1.02%
The First National Bank recently acquired three mortgages from the failed Fargo Bank. It estimates that the chances of these mortgages being repaid are 0.6, 0.4, 0.25. Assuming independence, fine the probability that:_________.
Answer:
a. 0.06
b. 0.18
Explanation:
a) all of them will be repaid
b) none of them will be repaid
P1 = 0.6, P2= 0.4, P3 = 0.25
a. The Probability that all will be repaid = (P1∩P2∩P3)
= P1 * P2 * P3 (Since independent)
= 0.6*0.4*0.25
= 0.06
Thus, the Probability that all will be repaid is 0.06
b. The Probability that none of them will be repaid = (1-P1)*(1-P2)*(1-P3)
= (1-0.6)(1-0.4)(1-0.75)
= 0.4 * 0.6 * 0.75
= 0.18
Thus, the Probability that none of them will be repaid is 0.18
Selected transactions for Sheridan Company are presented below in journal form (without explanations).
Date Account Title Debit Credit
May 5 Accounts Receivable 4,400
Service Revenue 4,400
12 Cash 1,930
Accounts Receivable 1,930
15 Cash 2,190
Service Revenue 2,190
Post the transactions to T-accounts. (Post entries in the order of journal entries presented in the question.)
Cash
5/55/125/15 5/55/125/15
5/55/125/15 5/55/125/15
Accounts Receivable
5/55/125/15
5+55+125+15=555555555....
Excerpts from Dowling Company's December 31, 2021 and 2020, financial statements and key ratios are presented below (all numbers are in millions): 2021 2020Accounts receivable (net) $22 $33 Net sales $132 $117 Cost of goods sold $77 $72 Net income $22 $34 Inventory turnover 6.05 Return on assets 12.3 % Equity multiplier 2.53 Dowling's return on equity for 2021 is: (Round your answer to 1 decimal places.)Multiple Choicea) 7.7%.b) 16.7%.c) 31.1%.d) 24.1%.
Answer:
The answer is "12.7"
Explanation:
In the question the correct choice is missing so, its correct solution can be defined as follows:
Following are the formula for calculating the "Average Inventory":
Formula:
[tex]\therefore \text{Inventory Turnover} = \frac{ \text{Cost of Goods Sold}} { \text{Average Inventory}}\\\\\\\because \text{Average Inventory} = \frac{ \text{Cost of Goods Sold}} {\text{Inventory Turnover}}[/tex]
[tex]=\frac{\$ \ 77}{ 6.05}\\\\=12.7\\[/tex]
When an increase in government purchases causes firms to purchase additional plant and equipment, we have seen a demonstration of a. the multiplier effect. b. the investment accelerator. c. the crowding-out effect. d. supply-side economics. e. none of the above.
Answer:
b. the investment accelerator
Explanation:
An investment accelerator can be defined as a positive effect that an increase in income or demand has on investment expenditures. Thus, an increase in the level of gross domestic product will cause a significant increase in the level of an investment.
Hence, when an increase in government purchases causes firms to purchase additional plant and equipment, we have seen a demonstration of the investment accelerator.
At the beginning of the current period, Rose Corp. had balances in Accounts Receivable of $200,000 and in Allowance for Doubtful Accounts of $9,000 (credit).During the period, it had net credit sales of $800,000 and collections of $763,000.It wrote off as uncollectible accounts receivable of $7,300.However, a $3,100 account previously written off as uncollectible was recovered before the end of the current period.Uncollectible accounts are estimated to total $25,000 at the end of the period.(Omit cost of goods sold entries)Required:(a) Prepare the entries to record sales and collections during the period.(b) Prepare the entry to record the write-off of uncollectible accounts during the period.(c) Prepare the entries to record the recovery of the uncollectible account during the period.(d) Prepare the entry to record bad debt expense for the period.(e) Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts.
Answer:
(a) Prepare the entries to record sales and collections during the period.
Dr Accounts receivable 800,000
Cr Sales revenue 800,000
Dr Cash 763,000
Cr Accounts receivable 763,000
(b) Prepare the entry to record the write-off of uncollectible accounts during the period.
Dr Allowance for doubtful accounts 7,300
Cr Accounts receivable 7,300
(c) Prepare the entries to record the recovery of the uncollectible account during the period.
Dr Accounts receivable 3,100
Cr Allowance for doubtful accounts 3,100
Dr Cash 3,100
Cr Accounts receivable 3,100
(d) Prepare the entry to record bad debt expense for the period.
Dr Bad debt expense 20,200
Cr Allowance for doubtful accounts 20,200
(e) Determine the ending balances in Accounts Receivable and Allowance for Doubtful Accounts.
Accounts receivable ending balance = $200,000 + $800,000 - $763,000 -$7,300 + $3,100 - $3,100 = $229,700
Allowance for doubtful accounts ending balance = $25,000
Allowance for doubtful accounts is a contra asset account that decreases the net balance of accounts receivable: accounts receivable = $229,700 - $25,000 = $204,700
Journal entries are the entries that record and maintain the financial transactions of the firm whether credit or cash. All the transactions that take place in the firm whether be it incoming or outgoing are recorded in the book of entries as the credit and the debit account.
The answers for the subparts a, b, c, d, d, and e are attached below.
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A monopolist:____.a. produces more than the competitive outcome. b. has zero profits. c. has the same profits as what would have in a competitive market. d. produces less than the competitive outcome. e. produces the same units as the competitive outcome.
Answer: d. produces less than the competitive outcome.
Explanation:
A monopolist by definition is the only one producing the certain good or service in question. This is in contrast with a competitive situation where many firms will be producing that same good.
Monopolies therefore will be unable to produce the same amount that a competitive outcome would because they would not have the capacity. This leads to a situation where monopolies can charge higher for their goods and services as opposed to competitive firms.
One reason for imbalance or disequilibrium in the family during the adolescent years is that parents
A. are too involved in their own careers to notice their children.
B. may be experiencing their own type of "identity crisis."
C. may be pushing their child toward financial independence too early.
D. are too restrictive of their adolescents' finances.
Answer: B. may be experiencing their own type of "identity crisis."
Explanation:
Studies have shown that adolescents tend to suffer from identity crises as they enter and progress through teenagehood as they learn which behavior to assimilate and adopt and which to discard.
This has been shown to often coincide with the midlife crises felt by adults which on its own can be a form of identity crises. When this coincides with the identity crises felt by adolescents, an imbalance or disequilibrium in the family is experienced.
When markets fail, public policya. can do nothing to improve the situationb. can potentially remedy the problem an increase economicefficiency.c. can always remedy the problem and increase economicefficiency.d. can in theory, remedy the problem, buy in practice, publicpolicy has proven to be ineffective
Answer:
b. can potentially remedy the problem an increase economic efficiency.
Explanation:
A market failure can be defined as a situation in which the market fails to produce an efficient level of output required to meet the demands of the consumers or customers.
This ultimately implies that, a market failure arises when there is inefficiency in the distribution or allocation of goods and services in a free market. Thus, the demand of the consumer of these goods and services are not being met with the level of supply (output) required i.e the forces of demand and supply are not efficient in producing the level of output required by the economy.
Some of the causes of market failure are imperfect information, monopoly, oligopoly, externalities etc.
Hence, when markets fail, public policy can potentially remedy the problem an increase economic efficiency.
Some of the public policy are pollution permits, government price controls, advertising etc.
In an appearance on Shark Tank, the owner of a wedding runner company wanted to pursue a strategy of _____ and make her runners affordable to the public. The sharks suggested she should pursue a strategy of ______, focusing on quality and uniqueness.a. differentiation; cost leadershipb. unrelated diversification; related diversificationc. cost leadership; differentiationd. focused retrenchment; growthe. related diversification; unrelated diversification
Answer:
c. cost leadership; differentiation
Explanation:
Remember, we are told that the owner wants to make her runners affordable to the public, and we agree that affordability is only possible when there is cost leadership. Cost leadership strategy simply implies that the company's products/services are positioned to be the cheapest in comparison with other competitors.
To specifically focus on quality and uniqueness, the sharks were asking the owner to pursue the differentiation strategy. Differentiation strategy requires having features that set your product or service apart from others such as quality and uniqueness.
You are considering opening a new plant.
• The plant will cost $100 million upfront. After that, it is expected to
produce profits of $30 million at the end of every year. The cash
flows are expected to last forever.
1. Calculate the NPV of this investment opportunity if your cost of
capital is 8%. Should you make the investment?
2. Calculate the IRR and use it to determine the maximum deviation
allowable in the cost of capital estimate to leave the decision
unchanged.
Answer:
1. $275 million
Yes
2. 30%
Explanation:
Calculation for the NPV of the investment opportunity
NPV = –100 + 30/0.08
NPV= $275 million
Therefore the NPV will be $275 million
Yes, Based on the above Calculation they should make the investment
2. Calculation for IRR
IRR: 0 = –100 + 30/IRR
Hence,
IRR = 30/100
IRR = 30%
Therefore the IRR will be 30%
The IRR is great only in a situation where the cost of capital does not go beyond 30%.
The NPV of the investment is . The investment should be made because it is profitable.
The IRR is 30%. The maximum deviation allowable in the cost of capital estimate to leave the decision unchanged is 30%.
What is the NPV?Net present value is the present value of after-tax cash flows from an investment less the amount invested.
NPV = -100 + $30 / 0.08 = $275 million.
The NPV is positive. This means the project is profitable.
What is the IRR?Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested.
IRR = -100 + 30 /1RR
100 = 30 / 1RR
IRR = 30 / 100 = 30%
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theory of production
Answer:
Theory of production, in economics, an effort to explain the principles by which a business firm decides how much of each commodity that it sells (its “outputs” or “products”) it will produce, and how much of each kind of labour, raw material, fixed capital good, etc., that it employs (its “inputs” or “factors of .
Explanation:
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How does this article give you a better understanding of the changing perception of Irish immigrants in America?What forces allowed the Irish to be assimilated into U.S. culture despite initial resistance?
Much of the anti-Catholic bias that confronted Irish-American immigrants focused on the figure of the Pope. To many nativist Americans, the idea that Catholic immigrants professed allegiance to a foreign-born religious leader raised serious doubts about whether they could ever be "truly" American. The advent of the War Between the States created an opportunity for the Irish immigrant community to "prove" its Americanism—to demonstrate loyalty to its adopted country, and by so doing, put the lie to the assertions of Know-Nothings and other nativists, who saw the Irish as unfit to be called American.
Answer:
The article first begins by explaining how and why the Irish-Americans were initially viewed by some Americans as being unfit to be called Americans because the Irish as Catholics, followed the Pope who was not American.
It then continues on to show how the Irish were given an opportunity to change this perception that some Americans had during the War between the States otherwise known as the American Civil War where they could show that they were loyal to the United States and therefore as American as the rest.
The American Civil War while deadly, gave the Irish a change to shine because they joined the war effort in their tens of thousands in both the Union and the Confederacy with the Union getting most of them. This forced Americans to see that the Irish-Americans were Americans and afterwards the process of assimilation began.
Crawford Corporation incurred the following transactions.
1. Purchased raw materials on account $46,300.
2. Raw materials of $36,000 were requisitioned to the factory. An analysis of the materials requisition slips indicated that $6,800 was classified as indirect materials.
3. Factory labor costs incurred were $59,900, of which $51,000 pertained to factory wages payable and $8,900 pertained to employer payroll taxes payable.
4. Time tickets indicated that $54,000 was direct labor and $5,900 was indirect labor.
5. Manufacturing overhead costs incurred on account were $80,500.
6. Depreciation on the company's office building was $8,100.
7. Manufacturing overhead was applied at the rate of 150% of direct labor cost.
8. Goods costing $88,000 were completed and transferred to finished goods.
9. Finished goods costing $75,000 to manufacture were sold on account for $103,000.
Requried:
a. Journalize the transactions.
b. Prepare entries for manufacturing and nonmanufacturing costs.
Answer:
No. Account Titles and Description Debit$ Credit$
1 Raw Material Inventory 46300
Account Payable 46300
(To record purchase on credit)
2 . Work in Process Inventory 29200
Manufacturing overhead 6800
Raw Material Inventory 36000
(To record acquisition of raw materials)
3 . Factory Labor 59900
Factory Wages Payable 51000
Employer Payroll Taxes Payable 8900
(To record wages and payroll taxes payable)
4 Work in Process Inventory 54000
Manufacturing overhead 5900
Factory Labor 59900
(To record direct and indirect labor)
5 . Manufacturing overhead 80500
Account payable 80500
(To record manufacturing overhead on credit)
6 . Depreciation Expense 8100
Accumulated Depreciation—Building 8100
(To record depreciation)
7. Work in Process Inventory 81000
($54,000 X 150%)
Manufacturing overhead applied 81000
( To record the application of overhead)
8 Finished Goods 88000
Work in Process Inventory 88000
(To record the goods transferred to finished goods)
9. Accounts Receivable 103000
Sales Revenue 103000
(To record sales made on credit)
Cost of Goods Sold 75000
Finished Goods Inventory 75000
(To record cost of goods sold)
Samuel, Inc. has Accounts Receivable of $110,000 and an Allowance for Doubtful Accounts of $17,000. If it writes-off a customer account balance of $1,700, what is the amount of its net accounts receivable?A) 591,300. B) $108,300. C) $110,000. D) $93,000.
Answer:
the net account receivable is d. $93,000
Explanation:
The computation of the net account receivable is shown below:
= (Account receivable - written off amount) - (Allowance for doubtful accounts - written off amount)
= ($110,000 - $1,700) - ($17,000 - $1,700)
= $108,300 - $15,300
= $93,000
Hence, the net account receivable is $93,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
What was the value proposition of Maggi in India which made it a success but not in Pakistan? What is the better value proposition in Pakistan?
Answer:
WHY IS IT SO HARD TO GET THE FIRST QUESTION!!!
Explanation:
Answer:
sorry to tell you that I also want to know because I don't it
A report that lists accounts and their balances, in which the total debit balances should equal the total credit balances, is called a(n):____________. a. Account balance. b. Trial balance. c. Ledger. d. Chart of accounts. e. General Journal.
Answer:
b. Trial balance.
Explanation:
In the trial balance the total of debit amount and the total of credit amount would be equivalent to each other. Here the debit involves assets, expenses, dividend while on the other hand the credit involves stockholder equity, liabilities, revenues
hence, the correct option is b.
And, the rest of the options are wrong
What are three strategies that you can use to make better financial decisions?
All of the following are true except:___________
a. A favorable labor efficiency variance could result from using higher quality materials that result in fewer inspections.
b. A favorable labor rate variance could result from lower wage workers quitting.
c. A favorable materials price variance could result from purchasing identical materials from another supplier at a lower price.
d. An unfavorable materials usage variance could result from not efficiently utilizing raw materials, thus causing waste.
e. An unfavorable labor efficiency variance can be caused by machine downtime, and poor quality materials.
Answer:
b. A favorable labor rate variance could result from lower wage workers quitting.
Explanation:
The reason is because Lower wage workers quitting will often result in increase labour cost and the Increase in labour cost will be resulted in unfavorable labour variance. Hence, the option B is incorrect.
Green and yellow are adjacent on the color wheel; what does this mean?
They are complementary.
They are analogous.
O They are contrasting.
O They are contradictory.
Answer:
analogous
Explanation:
both green and yellow are a part of analogous
What records will appear for a left outer join with a primary table called OrderItems and a foreign table called Orders?
all Orders records
all OrderItems records
only matching OrderItems records
all of the Orders and OrderItems records
Answer:
All orderitems records
Explanation:
Answer:
all OrderItems records
Explanation:
The market risk premium is 9.0%, and the risk-free rate is 5.0%. If the expected return on a bond is 9.5%, what is its beta?
Answer:
The beta is 1
Explanation:
The computation of beta using the CAPM model is shown below:
As we know that
Expected rate of return = Risk free rate of return + Beta × Market risk premium
9.5% = 5% + Beta × 9.0%
9.5% - 5% = Beta × 9.0%
9.0% = Beta × 9.0%
So, the beta is 1
We simply applied the above formula so that the correct value could come
And, the same is to be considered
A share of corporate stock is __________.
tangible fungible private property
intangible public property
intangible private property
tangible public property
Answer:
Tangible public property