Answer:
1. Nov-21
Dr Notes receivable $96,000
Cr Accounts receivable-McKenna Outer Wear Co. $96,000
2. Dec-31
Dr Interest receivable $320
Cr Interest revenue $ 320
3 Jan-20
Dr Cash $96,480
Cr Note Receivable $96,000
Cr Interest receivable $160
Cr Interest receivable $320
Explanation:
Preparation of the journal entries
1. Nov-21
Dr Notes receivable $96,000
Cr Accounts receivable-McKenna Outer Wear Co. $96,000
(To record note received)
2. Dec-31
Dr Interest receivable $320
($96,000*3%*40/2/360)
Cr Interest revenue $ 320
(To record Interest accrued till Dec 31)
3 Jan-20
Dr Cash $96,480
($96,000+$160+$320)
Cr Note Receivable $96,000
Cr Interest receivable $160
($96,000*3%*20/2/360)
Cr Interest receivable $320 ($96,000*3%*40/2/360)
(To record payment received of note and interest)
which of the following users of accounting information are interested in the quality of a company assets?
a government agencies
b loan creditors
c employees
d public
Answer:
D
Explanation:
Well public is all about quality
Logan, a 50% shareholder in Military Gear Incorporated (MG), is comparing the tax consequences of losses from C corporations with losses from S corporations. Assume MG has a $116,000 tax loss for the year, Logan's tax basis in his MG stock was $158,000 at the beginning of the year, and he received $83,000 ordinary income from other sources during the year. Assuming Logan's marginal tax rate is 24 percent, how much more tax will Logan pay currently if MG is a C corporation compared to the tax he would pay if it were an S corporation?
Answer:
$13,920
Explanation:
Calculation to determine how much more tax will Logan pay currently if MG is a C corporation compared to the tax he would pay if it were an S corporation
First step is to calculate what Logan's pay, if MG is a C corporation
Logan's pay, if MG is a C corporation =($83,000*24%)
Logan's pay, if MG is a C corporation = $19,920
Second step is to calculate Logan's pay, if MG is a S Corporation
Logan's pay, if MG is a S Corporation =[($83,000-$58,000)*24%]
($116,000*50% = $58,000)
Logan's pay, if MG is a S Corporation=$6,000
Now let calculate how much more tax will Logan pay currently
Logan pay currently = ($19,920-$6,000)
Logan pay currently = $13,920
Therefore how much more tax will Logan pay currently if MG is a C corporation compared to the tax he would pay if it were an S corporation will be $13,920
Sales and Production Budgets Ultimate Audio Company manufactures two models of speakers, U500 and S1000. Based on the following production and sales data for June. U500 S1000 Estimated inventory (units), June 1 25,000 10,000 Desired inventory (units), June 30 30,000 15,000 Expected sales volume (units): Northeast Region 140,000 100,000 Southwest Region 160,000 125,000 Unit sales price $45 $80 a. Prepare a sales budget. Enter all amounts as positive numbers.
Answer:
Part a
Ultimate Audio Company
Sales Budget
For the Month Ending June 30
Product and Area Unit Sales Volume Unit Selling Price Total Sales
Model U500 :
Northeast Region 140,000 $45 $6,300,000
Southwest Region 160,000 $45 $7,200,000
Total $13,500,000
Model U500 :
Northeast Region 100,000 $80 $8,000,000
Southwest Region 125,000 $80 $10,000,000
Total $18,000,000
Total Revenue from Sales $31,500,000
Part b
Ultimate Audio Company
Production Budget
For the Month Ending June 30
Model U500 Model S1000
Expected Units to be Sold 300,000 225,000
Add Desired Closing Inventory 30,000 15,000
Total 330,000 240,000
Less Desired Opening Inventory (25,000) (10,000)
Total Production 305,000 230,000
Explanation:
Note : I have attached the complete question as images below !
A Sales Budget shows the Total Expected Revenue from sale of budgeted units.
Total Revenue = Total Expected Units Sales x Selling Price Per Unit
A Production Budget shows the number of units to be produced to meet the Sales and Inventory targets
Total Production = Expected Sales + Desired Closing Inventory - Desired Opening Inventory
Oil Services Corp. reports the following EPS data in its 2017 annual report (in million except per share data). Net income $1,827 Earnings per share: Basic $1.56 Diluted $1.54 Weighted average shares outstanding: Basic 1,172 How many weighted average shares were dilutive in 2017
Answer:
15.2million dilutive shares
Explanation:
Calculation to determine How many weighted average shares were dilutive in 2017.
First step is to calculate the Basic EPS using this formula
Basic EPS= Net income -Basic
Let plug in the formula
Basic EPS= $1,827 /$1.56
Basic EPS=$1,171.2 million
Second step is to calculate the Diluted EPS
Diluted EPS =$1,827 million / $1.54
Diluted EPS = $1,186.4 million.
Now let calculate How many weighted average shares were dilutive in 2017
2017 Diluted weighted average=$1,186.4 million - $1,171.2 million.
2017 Diluted weighted average= 15.2million dilutive shares
Therefore How many weighted average shares were dilutive in 2017 is 15.2 million dilutive shares
The fictional global firm of Knickerbockers Socks established itself in the international trade industry ten years ago and has been an active participant with intra-industry trade in developed countries. Because of the way Knickerbockers operates, it can take advantage of economies of scale. What do economies of scale make possible for its sock customers
Answer: c. A large variety of sock styles and sizes at competitive prices.
Explanation:
Economies of scale refers to a scenario that arises with companies that operate on a certain scale that makes their cost per unit decrease as they produce more units of a good.
When this happens, such companies can offer more goods at cheaper prices because they have less costs to cover. Knickerboxers Socks has a economies of scale which allows it to produce a large variety of sock styles that it can sell at cheaper competitive prices.
Jane currently has $5,300 in her savings account and $2,000 in her checking account at the local bank. Instructions:
A. If Jane withdraws $500 in cash from her savings account, by what dollar amount will the country's money supply (M1 and M2) change as a result of Jane's actions?
B. Suppose that after Jane withdraws $500 from her checking account, she uses $180 of this money to pay her federal income tax. After paying her taxes, Jane uses $160 to buy a set of used golf clubs from her neighbor, who then deposits the money into his checking account. Jane deposits the remaining cash from the $500 withdrawal into her savings account. By what dollar amount will the country's money supply change as a result of Jane's actions?
Answer:
A
M1 change = $500M2 change = $0B
M1 change = -$340M2 change = -$180Explanation:
A. M1 includes actual liquid cash in hand as well as cash in checking deposits.
M2 includes M1 as well as savings deposits and time deposits amongst others.
M1 change = +$500
$500 went from the Savings account which was not part of M1 to M1.
M2 change = $0
The money went from Savings to Checking which are both part of M2.
B.
M1 change = -$-180 - ( 500 - 180 -160 ) = -$340
Tax of $180 went out of the supply as tax. Jane deposits the remaining cash after paying $160 for goods into the savings account which is not part of M1. That remaining cash is = 500 - 180 - 160 = $160.
M2 change = -500 + 160 + 160 = -$180
For M2, only taxes will reduce money from it because the rest goes to checking deposits and savings accounts both of which are part of M2
Discuss the economic conditions and economic institutions that affect personal finance.
Answer:
Economics and Personal Finance. Instruction in economics and personal finance prepares students to function effectively as consumers, savers, investors, entrepreneurs, and active citizens. Students learn how economies and markets operate and how the United States' economy is interconnected with the global economy.
If you travel a lot for work and use cash to pay for most purchases, which type of financial institution would you probably have your
account at?
O credit union
O national or regional bank
The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this distinction.
Deborah spends all of her money on magazines and donuts. In 2008 she earned $27.00 per hour, the price of a magazine was $9.00, and the price of a donut was $3.00.
Which of the following give the nominal value of a variable? Check all that apply.
a. The price of a donut is 0.33 magazines in 2008.
b. The price of a donut is $3.00 in 2008.
c. Deborah's wage is 3 magazines per hour in 2008.
Which of the following give the real value of a variable? Check all that apply.
a. The price of a magazine is $9.00 in 2008.
b. The price of a magazine is 3 donuts in 2008.
c. Deborah's wage is $27.00 per hour in 2008.
Suppose that the Fed sharply increases the money supply between 2008 and 2013. In 2013, Deborah's wage has risen to $54.00 per hour. The price of a magazine is $18.00 and the price of a donut is $6.00.
In 2013, the relative price of a magazine is:________
Between 2011 and 2016, the nominal value of Maria's wage _______________and the real value of her wage ____________________-
Monetary neutrality is the proposition that a change in the money supply ___________________ nominal variables and _____________real variables.
Answer:
Nominal variable - Price of a donut is $3.00 in 2008
Real variable- Price of a magazine is 3 donuts in 2008.
Explanation:
In 2008 the price of a magazine was $9.00. While the price of a donut was $3.00. Deborah's income was $27.00 per hour.
Nominal variable's are those which are expressed in terms of money. While, real variables are those variables which are expressed in terms of other goods or services.
The nominal variables will include:
a. The price of a donut is $3.00 in 2008.
The other two options are not nominal variables as they are expressed in terms of the other variable.
The following variables give us the real value of a variable:
b. The price of a magazine is 3 donuts in 2008.
Deborah's wage and price of a magazine are both nominal variables. They are not expressed in terms of any other variable.
In 2013, Deborah's wage is $54.00. The price of a magazine is $18.00 and price of a donut is $6.00.
Relative price is the price price of a good expressed in terms of the other good. The price of magazine in 2013 is $18.00. While, price of donut is $6.00.
[tex]Relative price = \frac{Price of a magazine}{Price of a donut} \\ = \frac{18}{6}\\ = 3[/tex]
Thus, in 2013, the relative price of a magazine is 3 donuts.
As can be seen that from 2008 - 2013, the wage doubles. But at the same time the price of both magazine and donuts also doubles. This can be seen from the relative purchasing power of income. So, between 2008-2013 the nominal value of wage increased and the real value of her wage remained the same.
Monetary neutrality is the proposition that a change in the money supply affects nominal variables and does not affect real variables.
The residents of Vegopia spend all of their income on cauliflower, broccoli, and carrots. In 2020, they spend a total of $200 for 100 heads of cauliflower, $75 for 50 bunches of broccoli, and $50 for 500 carrots. In 2021, they spend a total of $225 for 75 heads of cauliflower, $120 for 80 bunches of broccoli, and $100 for 500 carrots. (25 points) a. Calculate the price of one unit of each vegetable in each year. b. Using 2020 as the base year, calculate the CPI for each year. c. What is the inflation rate in 2021?
Answer:
siy-epdv-fwo join on meet
You have big plans for your first year of business, and you estimate you will need to borrow and spend approximately $1.5 million before your baseball shop becomes self-supporting. You have a friend who started her business with the help of loans guaranteed by the U.S. Small Business Administration (SBA), which of the following statements are true?
a. Not all SBA programs provide for $1.5 million in loans.
b. If you cannot get a bank loan with reasonable terms, the SBA has many different lending programs for which your business might be eligible.
c. If you cannot get a bank loan, the SBA guarantees that you will get a loan through one of its programs.
d. The maximum amount available to your business will depend on the specific SBA program for which your business qualifies.
Answer:
a. Not all SBA programs provide for $1.5 million in loans.
This statement is correct since not every business is the same, some types of business will require larger amounts than others.b. If you cannot get a bank loan with reasonable terms, the SBA has many different lending programs for which your business might be eligible.
This is true, and the business loans have different amounts and requisites that fit into different categories.d. The maximum amount available to your business will depend on the specific SBA program for which your business qualifies.
This statement is correct since not every business is the same, some types of business will require larger amounts than others.Explanation:
Skysong, Inc. sells office equipment on July 31, 2022, for $17,400 cash. The office equipment originally cost $72,400 and as of January 1, 2022, had accumulated depreciation of $42,300. Depreciation for the first 7 months of 2022 is $5,250. Prepare the journal entries to (a) update depreciation to July 31, 2022, and (b) record the sale of the equipment.
Answer:
(a) update depreciation to July 31, 2022
Debit : Depreciation expense $5,250
Credit : Accumulated depreciation $5,250
(b) record the sale of the equipment.
Debit : Accumulated depreciation $47,550
Debit : Cash $17,400
Debit : Profit and Loss $7,450
Credit : Cost $72,400
Explanation:
Accumulated Depreciation is the total depreciation charged on the asset during its tie in use in the business Accumulated depreciation is $47,550 ($42,300 + $5,250 ).
The Sale has resulted in a loss of $7,450 ($72,400 - $17400 - $47,550)
Softwind Manufacturing anticipates annual sales of 40,000 units and has the following information regarding one of its products: Annual unit sales 40,000 Fixed manufacturing costs $ 22 Variable manufacturing costs 44 Variable selling and administrative costs 16 Fixed selling and administrative costs 8 Desired profit per unit 18 If Softwind uses cost-plus pricing based on absorption manufacturing cost, what is the sales price Softwind will charge for this product
Answer:
Selling price= $84
Explanation:
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.
The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).
Unitary cost= varaible manufacturing cost + fixed manufacturing cost
Unitary cost= 44 + 22= $66
Selling price= 66 + 18
Selling price= $84
Alexa and David are managers of different sales teams. Together, they decide to have a competition between teams to see who can bring in the most new clients this month. To increase the sense of competition, they create spirit days where they wear team colors (Alexa's team: blue, David's black), strategize ways to beat the other group, and keep a running total of who is winning on a white board. Alexa and David are employing______to increase productivity.
A. Social identity theory.
B. Parasocial interaction theory.
C. Leader-member exchange theory.
D. Vigilant interaction theory.
E. Expectancy theory.
Answer:
D. Vigilant interaction theory
Explanation:
It is correct to say that Alexa and David are employing the theory of vigilant interaction to increase productivity.
This theory is related to the team's decision-making process, that is, its objective is the integration and collaboration of the entire group with innovative and creative contributions that help in solving problems, helping in a more effective decision-making that contributes for the positive end result of the team.
Therefore, when using the strategy of increasing the sense of competition in the teams, managers seek the theory of vigilant interaction so that the final result and the goals of the teams are achieved.
how can an injection benefit the South African economy
Sibila, Inc. sells its product for $40. The variable costs are $18 per unit. Fixed costs are $16,000. The company is considering the purchase of an automated machine that will result in a $2 reduction in unit variable costs and an increase of $5,000 in fixed costs. Which of the following is true about the break-even point in units?
a. It will remain unchanged
b. It will decrease.
c. It will increase.
d. It cannot be determined from the information provided.
Answer:
c. It will increase.
Explanation:
Break even point is the level of activity at which a firm neither makes a profit nor a loss.
Break - even units = Fixed Costs ÷ Contribution per unit
therefore,
Existing break-even point in units :
Break - even units = $16,000 ÷ ($40 - $18) = 727.27 or 728 units
New break-even point in units :
Break - even units = $21,000 ÷ ($40 - $16) = 875 units
Conclusion :
The results show that break-even point in units will increase from 728 units to 875 units as a result of the changes
In 3 sentences. Why are open-ended questions helpful when landing a sale? (this is for customer service)
Answer:
By using open-ended questions, participants are able to express and articulate opinions that may be extreme, unusual, or simply ones that the researcher did not think about when creating the survey. This often provides researchers rich, relevant data for their studies
Explanation:
(hope this helps)
Presented below is information related to Pharoah Corporation for the current year. Beginning inventory $ 590,300 Purchases 1,472,500 Total goods available for sale $2,062,800 Sales revenue 2,455,000 Compute the ending inventory, assuming that (a) gross profit is 46% of sales, (b) gross profit is 60% of cost, (c) gross profit is 36% of sales, and (d) gross profit is 25% of cost.
Answer:
a. $948,888
b. $773,550
c. $1,237,680
d. $412,560
Explanation:
The Ending Inventory is calculated using the missing figure approach or the Gross Margin technique.
that is,
Ending Inventory = Cost of Goods Available for Sale - Cost of Sales
thus,
This can be clearly done by writing up a Trading Account as shown below for each scenario.
also remember,
Cost + Profit = Sales
so for those based on cost use this formula.
for example : gross profit is 60% of cost
will be : 100 % + 60 % = 160 %
Part a
Pharoah Corporation
Trading Account for the Year
Sales $2,062,800
Less Cost of Sales
Beginning Inventory $ 590,300
Add Purchases $1,472,500
Goods Available for Sale $2,062,800
Less Ending Inventory (Balancing amount) ($948,888) ($1,113,912)
Gross Profit $948,888
Part b
Pharoah Corporation
Trading Account for the Year
Sales $2,062,800
Less Cost of Sales
Beginning Inventory $ 590,300
Add Purchases $1,472,500
Goods Available for Sale $2,062,800
Less Ending Inventory (Balancing amount) ($773,550) ($1,289,250)
Gross Profit $773,550
Part c
Pharoah Corporation
Trading Account for the Year
Sales $2,062,800
Less Cost of Sales
Beginning Inventory $ 590,300
Add Purchases $1,472,500
Goods Available for Sale $2,062,800
Less Ending Inventory (Balancing amount) ($1,237,680) ($825,120)
Gross Profit $1,237,680
Part d
Pharoah Corporation
Trading Account for the Year
Sales $2,062,800
Less Cost of Sales
Beginning Inventory $ 590,300
Add Purchases $1,472,500
Goods Available for Sale $2,062,800
Less Ending Inventory (Balancing amount) ($948,888) ($1,113,912)
Gross Profit $948,888
Part a
Pharoah Corporation
Trading Account for the Year
Sales $2,062,800
Less Cost of Sales
Beginning Inventory $ 590,300
Add Purchases $1,472,500
Goods Available for Sale $2,062,800
Less Ending Inventory (Balancing amount) ($412,560) ($1,650,240)
Gross Profit $412,560
A product sells for $210 per unit, and its variable costs per unit are $130. The fixed costs are $420,000. If the firm wants to earn $35,000 after tax income (assume a 30% tax rate), how many units must be sold
Answer:
5,688 units
Explanation:
Target sales = Target Profit + Fixed Costs ÷ Contribution per unit
where,
Contribution per unit = Sales - Variable Costs
= $210 - $130 = $80
therefore,
Target sales = ($35,000 + $420,000) ÷ $80 = 5,688 units
Decision Case F:2-1 Your friend, Dean McChesney, requested that you advise him on the effects that certain transactions will have on his business, A-Plus Travel Planners. Time is short, so you cannot journalize the transactions. Instead, you must analyze the transactions without a journal. McChesney will continue the business only if he can expect to earn a monthly net income of $6,000. The business completed the following transactions during June:
A. McChesney deposited $10,000 cash in a business bank account to start the compan The company issued common stock to McChesney.
B. Paid $300 cash for office supplies.
C. Incurred advertising expense on account, $700.
D. Paid the following cash expenses: administrative assistant's salary, $1,400: office tent, $1,000.
E. Earned service revenue on account, $8,800.
F. Collected cash from customers on account, $1,200.
Answer:
A-Plus Travel Planners
Analysis of transactions:
A. Cash $10,000 (Increase Assets) Common Stock $10,000 (Increase Equity)
B. Office Supplies $300 (Decrease Profit) Cash $300 (Decrease Assets)
C. Advertising expense $700 (Decrease Profit) Cash $700 (Decrease Assets)
D. Salary expense $1,400 (Decrease Profit) Rent Expense $1,000 (Decrease Profit) Cash $2,400 (Decrease Assets)
E. Accounts Receivable $8,800 (Increase Assets) Service Revenue $8,800 (Increase Profit)
F. Cash $1,200 (Increase Assets) Accounts Receivable $1,200 (Decrease Assets)
Explanation:
a) Data and Calculations:
Expected net income = $6,000
Service Revenue $8,800
Expenses:
Office Supplies $300
Advertising 700
Admin. Salary 1,400
Rent 1,000 $3,400
Net income $5,400
Expected profit 6,000
Required improvement $600
b) To achieve profit target of $6,000 under the current revenue profile, A-Plus Travel Planners must decrease expenses by at least $600. Alternatively, it can increase its revenue by the same amount, while maintaining its costs at current level.
Precision Castparts, a manufacturer of processed engine parts in the automotive and airline industries, borrows $39.1 million cash on October 1, 2021, to provide working capital for anticipated expansion. Precision signs a one-year, 9% promissory note to Midwest Bank under a prearranged short-term line of credit. Interest on the note is payable at maturity. Each firm has a December 31 year-end.
1. Record the necessary entry for the scenarios given above.
2. Record the adjustments on December 31, 2018.
3. Prepare the journal entries on September 30, 2019, to record payment of the notes payable at maturity.
Answer:
1. Dr Cash $39.1 million
Cr Notes Payable $39.1 million
Dr Notes Receivable $39.1 million
Cr Cash $39.1 million
2. Dr Interest Expense $879,750
Cr Interest Payable $879,750
Dr Interest Receivable $879,750
Cr Interest Revenue $879,750
3. Journal entry for Precision Castparts
Dr Notes payable $39.1 million
Dr Interest expense $2,639,250
Dr Interest payable $879,750
Cr Cash $42,619,000
Journal entry for Midwest Bank
Dr Cash $42,619,000
Cr Notes receivable $39.1 million
Cr Interest receivable $879,750
Cr Interest revenue $2,639,250
Explanation:
1. Preparation of the journal entry to Record the necessary entry for the scenarios given .
Dr Cash $39.1 million
Cr Notes Payable $39.1 million
Dr Notes Receivable $39.1 million
Cr Cash $39.1 million
2. Preparation of the journal entry to Record the adjustments on December 31, 2018.
Dr Interest Expense $879,750
Cr Interest Payable $879,750
(39.1 million*9%*3/12)
Dr Interest Receivable $879,750
Cr Interest Revenue $879,750
(39.1 million*9%*3/12)
3. Preparation of the journal entry on September 30, 2016, to record payment of the notes payable at maturity
Journal entry for Precision Castparts
Dr Notes payable $39.1 million
Dr Interest expense $2,639,250
($39.1 million*9%*9/12)
Dr Interest payable $879,750
(39.1 million*9%*3/12)
Cr Cash $42,619,000
($39.1 million+$2,639,250+$879,750)
Journal entry for Midwest Bank
Dr Cash $42,619,000
($39.1 million+$2,639,250+$879,750)
Cr Notes receivable $39.1 million
Cr Interest receivable $879,750
(39.1 million*9%*3/12)
Cr Interest revenue $2,639,250
($39.1 million*9%*9/12)
what's an opportunity cost?
Answer:
opportunity cost is the loss or the benefit that could have been enjoyed if the best alternative choice was chosen. As a representation of the relationship between scarcity and choice, the objective of opportunity cost is to ensure efficient use of scarce resources.
Explanation:
As 2017, Buttle Corp. has $10 par, 2% preferred stock, 6,500 shares outstanding, and $1 par common stock with 32,000 shares outstanding. The preferred stock is cumulative and preferred stockholders last received a dividend in 2014. If the company wants to distribute $4 per share to the common stockholders in 2017, what is the total amount of dividends that the company must pay at the end of the current year
Answer:
$131,900
Explanation:
Th computation of the total amount of dividend is shown below:
dividend per year for preferred stock is
= (10 × 6500) × 2%
= $1300
Now the total dividend for preferred stock is
= ($1300 × 3)
= $3900
And, the Total common dividend is
= (4 × 32,000)
= $128,000
So, the total dividend to be paid is
= $3,900 + $128,000
= $131,900
A company issues $14500000, 5.8%, 20-year bonds to yield 6% on January 1, 2020. Interest is paid on June 30 and December 31. The proceeds from the bonds are $14164836. Using effective-interest amortization, what will the carrying value of the bonds be on the December 31, 2020 balance sheet?
Answer:$14,709,481
Explanation:
$14,709,481
$14,703,108 + [($14,703,108 × .04) - $585,000] + [$14,706,232 × .04) - $585,000] = $14,709,481.
Which of the following goods is directly counted in GDP? 2) A) the lettuce that Subway purchases for its sandwiches B) a 12-inch Subway sandwich purchased by a student C) the bread that Subway purchases for its sandwiches D) the plastic bags that Subway purchases to wrap its sandwiches 3) Value added equals the market price of the firm's product minus 3) A) depreciation on plant and equipment. B) the price of intermediate goods. C) wages and salaries. D) the price of all factors of production
Answer:
b
b
Explanation:
Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year
GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export
Net export = exports – imports
When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.
Items not included in the calculation off GDP includes:
1. services not rendered to oneself
2. Activities not reported to the government
3. illegal activities
4. sale or purchase of used products
5. sale or purchase of intermediate products
a 12-inch Subway sandwich purchased by a student is the only final good and thus it would be included in GDP as part of consumption spending on non durable goods
the lettuce, the bread and the plastic bags constitute intermediate goods. Including intermediate goods in the calculation of GDP would lead to double counting
A gold processor has two sources of gold ore, source A and source B. In order to keep his plant running, at least three tons of ore must be processed each day. Ore from source A costs $20 per ton to process, and ore from source B costs $10 per ton to process. Costs must be kept to less than $80 per day. Moreover, Federal Regulations require that the amount of ore from source B cannot exceed twice the amount of ore from source A. If ore from source A yields 2 oz. of gold per ton, and ore from source B yields 3 oz. of gold per ton, how many tons of ore from both sources must be processed each day to maximize the amount of gold extracted subject to the above constraints
Answer:
that is letter A
Im sorry beacause wrong
A company decides to let go of some employees due to a financial crisis. Irena loses her job, while her colleagues with similar performance ratings and productivity retain their jobs. Irena's judgment of her loss when compared to her colleagues' is a perception of
Answer:
The correct answer is "Procedural unfairness".
Explanation:
A basis for a respondent to challenge constitutional amendments for setting aside legal procedures throughout family legal proceedings will be found procedurally unfair.Throughout the event that a participant challenges a court decision, as well as a basis for the appeal, involves procedural injustice throughout a community court appearance, the privy council should first address the procedural fairness issue.What types of decision need to be made by groups?
The Low-Price auto insurance company offers a bottom-dollar deal that meets minimum car insurance policy requirements. It creates a marketing message that gives customers information on how expensive other insurances are in comparison. It invites consumers to shop around and compare prices. Low-Price focuses solely on price point and mentions very little about what is covered for that policy. Which type of psychological pricing communication does Low-Price use
Answer:
Inviting Price Comparison.
Explanation:
In this type of comparison, the company develop two scenarios in which the first situation, the people compare the product price with the existing product and in the other situation where the company inform the customer to compare the product price with the existing product
Hence, the given situation represent the inviting price comparsion
PepsiCo, Inc. (PEP), the parent company of Frito-LayTM snack foods and Pepsi beverages, had the following current assets and current liabilities at the end of two recent years: Year 2 (in millions) Year 1 (in millions) Cash and cash equivalents $ 9,096 $ 6,134 Short-term investments, at cost 2,913 2,592 Accounts and notes receivable, net 6,437 6,651 Inventories 2,720 3,143 Prepaid expenses and other current assets 1,865 2,143 Short-term obligations (liabilities) 4,071 5,076 Accounts payable and other current liabilities 13,507 13,016 a. Determine the (1) current ratio and (2) quick ratio for both years. Round to one decimal place.
Answer:
Current ratio
Year 1 = 1.3
Year 2 = 1.1
Quick ratio
Year 1 = 1.0
Year 2 = 0.8
Explanation:
Current ratio is the ration of a company's current assets to the current liabilities while the quick ratio is similar to the current asset except that the prepaid expenses and inventories are excluded from the determination of the assets.
Current assets
Year 1 = 9,096 + 2,913 + 6,437 + 2,720 + 1,865
= $ 23,031.00
Year 2 = 6,134 + 2,592 + 6,651 + 3,143 + 2,143
= $ 20,663.00
Current Liabilities
Year 1 = 4,071 + 13,507
= $ 17,578.00
Year 2 = 5,076 + 13,016
= $ 18,092.00
Current ratio
Year 1 = $ 23,031.00/$ 17,578.00
= 1.3 ( to 1 decimal place)
Year 2 = $ 20,663.00/$ 18,092.00
= 1.1 to 1 decimal place
Quick ratio
Year 1
= (23,031.00 - 2,720 - 1,865)/ 17,578.00
= 1.0 to 1 decimal place
Year 2
= (20,663.00 - 3,143 - 2,143)
= 0.8 to 1 decimal place