A country produces apples and wheat. 1.) Using the 3-point curved line drawing tool, draw a representative PPC for this country. Label it PPC 1. 2.) Suppose that a breakthrough in technology makes all agriculture more productive. Using the 3-point curved line drawing tool, draw a new PPC showing the effect of this change. Label it PPC2. Carefully follow the instructions above, and only draw the required objects.
Answers
Answer:
The initial PPC is drawn on basis of the supposed values and is labelled as PPC1 in the attached graph. On technological marvel, the production of both the products(apples and wheat) will increase and the PPC will shift towards right as indicated in the graph labelled as PPC2.
Explanation:
1-Using the 3 point curved line tool, the representative PPC is drawn such that a the overall production is in the form of an arc touching both the axes. This is labeled as PPC in the attached graph.
2- When a breakthrough in the technology makes the agriculture productive, the curve will shift towards right. This indicates the production of both apples and wheat will increase. This is labeled as PPC2 in the attached graph.
A Production Possibility Curve (PPC) is depicted as a downward sloping concave line representing trade-offs in the production of two goods, in this case, apples and wheat. A technological breakthrough shifts this curve outward, reflecting increased production capacity.
Explanation:The subject of this question is the Production Possibility Curve (PPC), which is an economic model illustrating trade-offs and efficiency in production. In this case, we're looking at a country that produces only two goods: apples and wheat.
Normally, a Production Possibility Curve is drawn as a downward sloping, concave line, indicating the trade-off between the production of apples and wheat. The PPC is labeled as PPC 1.
When a technological breakthrough in agriculture occurs, this increases the productivity of both goods. This change shifts the PPC outward, resulting in a new curve labeled as PPC 2. This reflects the increase in production capability for both apples and wheat.
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Related Questions
Selected transactions for Indigo Corporation during its first month in business are presented below.
Sept. 1 Issued common stock in exchange for $18,300 cash
received from investors.
5 Purchased equipment for $8,540, paying $2,870 in . cash
and the balance on the account.
8 Performed services on account for $20,000.
14 Paid salaries of $3,200.
25 Paid $3,030 cash on the balance owed for equipment.
30 Paid $830 cash dividend
Instructions:
(a) Prepare a tabular analysis of the September transactions.
The column headings should be:
Cash + Accounts Receivable + Equipment = Accounts Payable + Common Stock Revenues Expenses Dividends.
For transactions affecting stockholders' equity, provide explanations in the right margin.
(b) Journalize the transactions. Do not provide explanations
(c) Post the transactions to T-accounts.
Answers
Answer:
a. See attached file.
b. Debit Cash 18,300
Credit Common Stock 18,300
Debit Equipment $8,540
Credit cash $2,870
Credit Accounts payable $5,670
Debit Accounts receivable $20,000
Credit Revenue $20,000
Debit salaries expense $3,200
Credit cash $3,200
Debit accounts payable $3,030
Credit Cash $3,030
Debit Dividends $830
Credit cash $830
c.
Cash
Debit Credit
18,300 2,870
3,200
3,030
830
18,300 9,930
8,370 Ending balance
Equipment
Debit Credit
8,540
Accounts payable
Debit Credit
3,030 5,670
2,640 (ending balance)
Common Stock
Debit Credit
18,300
Revenue
Debit Credit
20,000
Expenses
Debit Credit
3,200
Dividends
Debit Credit
830
Explanation:
a.
1-Sep Issuance of common stock from investor will result to an inflow of cash through the cash invested, So have to recognize cash received and credit common stock
8-Sep Based on matching principle, revenue will be recognized on the date of transaction whether collected or not.
14-Sep Payment of expenses will result to deduction to cash and increase expense account.
30-Sep Dividends is a deduction to Retained earnings
governments are prevented from borrowing unlimited funds through the enforcement of debt limits. explain the concept of a debt limit. How is the concept of borrowing power or debt margin connected to debt limits?
Answers
Answer:
The concept of debt limit explains the restrictive power of legislative to impose a limit on the amount of debt an executive can borrow for the state. Debt limit is the authorized maximum amount of debt that government can borrow as legally specified by the legislative. The debt limit is usually expressed as a percentage of nation`s GDP.
The major reason why debt limit is put in place to make sure that government does not place uneconomical future debt burden on the citizens.
For relationship between debt limit and debt margin, the borrowing power of government is measured through the comparison of debt limit with debt margin. Debt margin shows the difference between the debt limit and amount that the government has actual debt.
For example, a government has a debt limit of 25% of its GDP and actual debt of 18% of its GDP. The difference between the two percentages of debt shows the debt margin.
So debt margin serves as a gauging tool for borrowing within the debt limit.
Explanation:
A debt limit is a legislative cap on the amount of money a government can borrow to avoid excessive debt, which, if too high, can reduce financial capital for the private sector and lead to economic issues. The borrowing power or debt margin is the remaining capacity for additional debt a government has before reaching its debt ceiling.
Understanding Debt Limits
A debt limit is a cap set by legislation that limits the amount of money a government is authorized to borrow. This limit is in place to prevent governments from accumulating an unsustainable level of debt that could lead to economic instability or financial crises. When a government spends more than it collects in taxes, it incurs a budget deficit and must borrow to finance this deficit, typically by issuing government bonds. There is a practical limit to this borrowing because households and investors may be unwilling to lend unlimited amounts, especially if they fear the government may not be able to repay the debt.
The borrowing power or debt margin refers to the difference between the current level of a government's debt and its statutory debt limit. This concept is closely connected to debt limits because it reflects the amount of additional borrowing a government can undertake before reaching its debt ceiling. Effective management of the debt margin is crucial to maintain fiscal responsibility, prevent crowding out private sector borrowing, and avoid negative economic consequences such as trade imbalances and increased interest rates.
It is important to consider that while a government can borrow to finance deficits, over time, total government spending must align with revenue to maintain fiscal sustainability. High levels of long-run government debt can limit future government actions and be difficult to pay down due to the challenges in making the necessary fiscal policy adjustments.
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. Assume that in 2015, an auction house sold a statute at auction for a price of $10,668,500. Unfortunately for the previous owner, he had purchased it in 2008 at a price of $12,700,500. What was his annual rate of return on this sculpture?
Answers
Answer:
-0.0246 or -2.46%
Explanation:
The duration 't' of his investment is:
[tex]t= 2015-2008=7\ years[/tex]
The future value ($10,668,500) of an initial investment ($12,700,500) at a rate 'r' for a period of 7 years is given by:
[tex]10,668,500=12,700,500*(1+r)^7\\1+r=\sqrt[7]{\frac{10,668,500}{12,700,500}}\\1+r=0.9754\\r=-0.0246=-2.46\%[/tex]
His annual rate of return was -0.0246 or -2.46%.
*A negative rate of return means that money was lost in this investment
Spot Construction builds roads, bridges, and other infrastructure. The following is the budget for a road project along with the actual results (in thousands of dollars) for the last fifteen months. Budget Actual Month Cost %Complete Cost %Complete 0 $ 0 0.0 % $ 0 0.0 % 1 $ 510 5.0 % $ 700 5.5 % 2 $ 1,020 10.0 % $ 1,160 11.2 % 3 $ 1,530 15.0 % $ 1,820 13.4 % 4 $ 2,040 20.0 % $ 2,270 21.6 % 5 $ 2,550 25.0 % $ 2,810 27.5 % 6 $ 3,060 30.0 % $ 3,190 34.0 % 7 $ 3,570 35.0 % $ 3,870 36.5 % 8 $ 4,080 40.0 % $ 4,200 45.0 % 9 $ 4,590 45.0 % $ 4,710 48.8 % 10 $ 5,100 50.0 % $ 5,400 53.4 % 11 $ 5,610 55.0 % $ 5,920 56.7 % 12 $ 6,120 60.0 % $ 6,300 62.3 % At this time, what is the current cost over (under) run on the project?
Answers
Final answer:
The current cost over (under) run on the Spot Construction road project is $180,000, calculated by subtracting the budgeted cost from the actual cost as of month 12.
Explanation:
To determine the current cost over (under) run on the Spot Construction road project, we need to compare the actual cost to the budgeted cost as of the most recent month available, which is month 12 in the provided data. The actual cost at month 12 is $6,300,000 (since the values are in thousands of dollars), and the budgeted cost for the same period is $6,120,000. To find the cost overrun, we subtract the budgeted cost from the actual cost.
Actual Cost - Budgeted Cost = Cost Over (Under) Run
$6,300,000 - $6,120,000 = $180,000
Therefore, the project is currently experiencing a cost overrun of $180,000.
Final answer:
The current cost over (under) run on the Spot Construction road project is $180,000, calculated by subtracting the budgeted cost from the actual cost as of month 12.
Explanation:
To determine the current cost over (under) run on the Spot Construction road project, we need to compare the actual cost to the budgeted cost as of the most recent month available, which is month 12 in the provided data. The actual cost at month 12 is $6,300,000 (since the values are in thousands of dollars), and the budgeted cost for the same period is $6,120,000. To find the cost overrun, we subtract the budgeted cost from the actual cost.
Actual Cost - Budgeted Cost = Cost Over (Under) Run
$6,300,000 - $6,120,000 = $180,000
Therefore, the project is currently experiencing a cost overrun of $180,000.
Final answer:
The current cost over (under) run on the Spot Construction road project is $180,000, calculated by subtracting the budgeted cost from the actual cost as of month 12.
Explanation:
To determine the current cost over (under) run on the Spot Construction road project, we need to compare the actual cost to the budgeted cost as of the most recent month available, which is month 12 in the provided data. The actual cost at month 12 is $6,300,000 (since the values are in thousands of dollars), and the budgeted cost for the same period is $6,120,000. To find the cost overrun, we subtract the budgeted cost from the actual cost.
Actual Cost - Budgeted Cost = Cost Over (Under) Run
$6,300,000 - $6,120,000 = $180,000
Therefore, the project is currently experiencing a cost overrun of $180,000.
Suppose a monopoly can separate its customers into two groups. If the monopoly practices price discrimination, it will charge the lower price to the group with: the higher price elasticity of demand. the lower price elasticity of demand. the fewer close substitutes. The answer cannot be determined with the information given.
Answers
Answer:
the higher price elasticity of demand
Explanation:
A monopoly is when there is only one firm operating in an industry.
Price discrimination is when a producer sells the same good for different prices in different markets.
Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Demand is elastic when a change in price has greater effect on the quantity demanded.
A monopoly would charge the lower price for customers with a higher elasticity of demand because if price is high consumers would reduce the quantity demanded and the revenue of the monopoly firm would fall.
I hope my answer helps you.
Answer:
The correct answer is letter "A": the higher price elasticity of demand.
Explanation:
Elasticity is a measure of the reaction of a variable to fluctuations in another variable. It can describe to what degree a product or service's supply or demand, varies with the price of the goods or consumer income. Elasticity is calculated by dividing the percentage change in quantity demanded with the percentage change in price.
Thus, while allocating prices, a company should provide a lower price to a sector with high elasticity because that part of the market is prone to make big demand changes if the price varies abruptly.
What type of process includes order processing, customer service processing, sales processing, customer billing processing, and order shipping processing?
Answers
Answer:
The correct answer is: Customer-facing processes.
Explanation:
The customer-facing process is the type of business in which a vendor is in charge of not only for the sale but also for all the steps involved in delivering the product sold to the buyer. Customer-facing processes are considered part of Customer Relationship Management (CRM) and aim to increase the satisfaction of consumers.
Final answer:
The processes of order processing, customer service processing, sales processing, customer billing processing, and order shipping processing are key business processes in sales and customer service. They are essential components of the supply chain and must be carefully managed and analyzed for efficiency and variation control.
Explanation:
Business Processes in Sales and Customer Service
The type of process that includes order processing, customer service processing, sales processing, customer billing processing, and order shipping processing is commonly known as a business process, specifically in the realms of sales and customer service. These processes are integral to the supply chain and the operations of a company.
Many processing variations exist or are envisioned, and these processes mentioned are typical rather than specific. They can be broken into three main parts that may overlap and often need to happen simultaneously, so planning tasks accordingly is critical.
Start on each part of the processing stage and plan tasks accordingly.Understand the various components of processing which are not necessarily linear steps.The typical steps in a supply chain include extraction, acquisition, production, inventory, transportation, wholesaling, and retailing.Process & Process Improvement involves collecting inputs, performing value-added activities to create an output, and regularly reviewing the effectiveness of these processes. A process analysis is crucial as it studies each aspect of a process to ascertain if all parts and steps work cohesively to produce the desired outcome.
Variation is a natural part of any business process, and quality techniques are used by companies to study the variation present in their processes. Identifying the source of variation allows for the production of a more consistently high-quality product or service.
Using an MACRS depreciation schedule having a class life of 5 yr, (a) Compute the cash flows. (b) At an effective interest rate of 20%, determine the net present value. (c) Is the investor’s rate of return less than or greater than 20%? Explain. (d) Compute the investor’s rate of return.
Answers
Answer:
Straight-Line
Depreciation MACRS
Depreciati
Year 1 $ 10,000 $ 20,000
Year 2 20,000 32,000
Year 3 20,000 19,200
Year 4 20,000 11,520
Year 5 20,000 11,520
Year 6 10,000 5,760
Totals $ 100,000 $ 100,000
Compute the net present value of the investment if MACRS depreciation is used. Use 10% as the discount rate.
Net income after tax depreciation Net Cas flow
(1) (2) (3)=(1)+(2)
$ 100,000
$100,000
$32,240.00 $20,000.00 $52,240.00
$24,800.00 $32,000.00 $56,800.00
$32,736.00 $19,200.00 $51,936.00
$37,497.00 $11,520.00 $49,017.60
$37,497.00 $11,520.00 $49,017.60
$41,068.00 $5,760.00 $49,017.60
Compute the net present value:
Year Net cas flow PVF@20% Present Value
(1) (2) (3)=(1)x(2)
0 $100,000.00 1 $100,000
1 $52,240.00 0.909 $47,486.16
2 $56,800.00 0.826 46,916.80
3 $51,936.00 0.751 $39,003.94
4 $49,017.60 0.683 $33,479.02
5 $49,017.60 0.621 $30,439.33
6 $46,828.80 0.564 $26,411.44
NPV $123,739.29
Explanation:
A company pays its employees $9,100 every two weeks ($650/day). The current two- week pay period ends on December 26, 2018, and employees are paid $9,100. The next two-week pay period ends on January 9, 2019, and employees will be paid $9,100. Record the adjusting entry on December 31, 2018. If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view general journal Journal Entry Worksheet 1. Record the adjusting entry on December 31, 2018. 2. General Journal Debit Credit Date December 31 2018 Enter debits before credits
Answers
Explanation:
The adjusting entry is shown below:
On December 31,2018
Salaries and wages expense A/c Dr $3,250
To Salaries and wages payable A/c $3,250
(Being the salaries and wages expense is recorded)
The computation is shown below:
= Per day wages × number of days
= $650 × 5 days
= $3,250
The accrued salaries and wages are recorded for $3,250
You are graduating from college at the end of this semester and have decided to invest $4 comma 500 at the end of each year into a Roth IRA (a retirement investment account that grows tax free and is not taxed when it is liquidated) for the next 30 years. If you earn 6 percent compounded annually on your investment of $4 comma 500 at the end of each year, how much will you have when you retire in 30 years? How much will you have if you wait 10 years before beginning to save and only make 20 payments into your retirement account?
Answers
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
You decided to invest $4,500 at the end of each year earning 6 percent compounded annually.
We need to use the following formula to calculate the final value of the investment:
FV= PV*(1+i)^n
A) n= 30 years
FV= 4,500*(1+0.06)^30= $25,845.71
B) The investment is made for 20 years.
FV= 4,500*1.06^20= $14,432.11
The future value of the investment after contributing $4,500 annually at an interest rate of 6% compounded annually for 30 years is $391,284.69. If you wait 10 years before starting to save and only make 20 payments, the future value of the investment would be $131,199.17.
Explanation:To calculate the future value of the investment, we can use the formula for the future value of an ordinary annuity:
FV = PMT x ((1 + r)^n - 1) / r
Using this formula, we can calculate the future value of the investment to be $391,284.69 after 30 years of contributing $4,500 annually at an interest rate of 6% compounded annually.
If you wait 10 years before starting to save and only make 20 payments, you can calculate the future value using the same formula:
FV = PMT x ((1 + r)^n - 1) / r
Using this formula, the future value of the investment would be $131,199.17 after 20 years of contributing $4,500 annually at an interest rate of 6% compounded annually.
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A middle-class customer (target) base in a region is most concerned with quality and price of products. Which of the following would be considered a best value proposition for the customers?A. a company that identifies unique features of its products without comparing it with a rival's products
B. a company that offers copycat products at low cost but an average quality compared torivalsC. a company that offers the same quality of products as rivals but at a high cost based ongreater market share and higher brand value
Answers
Answer:
The correct answer is letter "B": a company that offers copycat products at low cost but an average quality compared to rivals.
Explanation:
As the consumer is focused both on the quality of the product and price, the best value proposition for the product that is likely to purchase must be the result of the combination of those two factors. Then, if a company offers an average quality product at a lower cost, is highly possible to obtain the consumer's preference.
An ad in a newspaper reads: "AVAILABLE TODAY ONLY. FRIENDLY'S APPLIANCES. CLEARANCE SALE FOR ALL FLOOR ITEMS. 75% OFF RETAIL PRICES." Joan Ludwig arrived at Friendly's about one hour after it opened and there were no appliances left. Which of the following is true? a. Friendly's has breached a contract and owes damages to Joan. b. There is no breach of contract. c. Joan has no rights of recovery because the contract was required to be in writing. d. There was no contract, but Joan can recover on the basis of quasi contract. e. none of the above
Answers
Answer:
Correct answer is b, there is no breach contract
Explanation:
There is no breach contract happened because what Friendly did is just a mere advertisement published in a news paper. What happened is that, Friendly notify the customers that they will be having a clearance sale for all the floor items that they had. Mere advertisement is not yet in the stage of contract to sell and the advertiser is not bound for any liability in case the product is not available at the time the customer decided to buy the product.
A company is evaluating which of two alternatives should be used to produce a product that will sell for $35.00 per unit. The following cost information describes the two alternatives Process A Process BFixed Cost $500,000 $750,000Variable Cost per Unit $25.00 $23.00The break-even volume for Process A isa. 50,000 unitsb. 62,500 unitsc. 30,000 unitsd. 20,000 units
Answers
Answer:
a. 50,000 units
Explanation:
Breakeven point is the units required to be sold for the total cost to be equivalent to the sales. As such, break even is the point where profit/loss is nil.
Given information about product A;
Fixed cost = $500,000
variable cost per unit = $25
Selling price per unit = $35
Breakeven in units = fixed cost/(selling price per unit - variable cost per unit)
= 500,000/(35 - 25)
= 50,000 units
Final answer:
The break-even volume for Process A, where the selling price is $35.00 per unit, the fixed cost is $500,000, and the variable cost per unit is $25.00, is 50,000 units. Option a is correct.
Explanation:
The question relates to break-even analysis, which is a concept in cost accounting used to determine the number of units a company must sell at a given price to cover all its costs. To find the break-even volume for Process A, you will need to calculate the point where total revenue equals total costs, which is when the profit is zero. Using the formula:
Break-even Volume = Fixed Costs / (Selling Price per Unit - Variable Cost per Unit)
For Process A, the break-even volume calculation would be:
$500,000 / ($35 - $25) = 50,000 units
So the break-even volume for Process A is 50,000 units.
So, option a is correct.
Which of these is the more meaningful measure of leadership effectiveness? Analytical ability Subject matter knowledge Technical skill Emotional intelligence
Answers
I believe it would be emotional intelligence
The measure of Leadership is Emotional intelligence, it is the ability to understand and manage one's own emotions, as well as the emotions of others.
The more meaningful measure of leadership effectiveness is emotional intelligence. Leaders who have a high level of emotional intelligence are better equipped to communicate effectively with their team members, manage conflicts, and build strong relationships based on trust and mutual respect. They are also more likely to be adaptable, resilient, and able to handle stress and pressure, which are essential qualities for effective leadership.
Therefore, the correct answer is Emotional intelligence.
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Assume that on February 1, Procter & Gamble (P&G) paid $729,600 in advance for 2 years’ insurance coverage. Prepare P&G’s February 1 journal entry and the annual adjusting entry on June 30. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.)Date Account and Explanation Debit Credit
Answers
Answer:
Journal entry on February 1:
Debit Prepaid Insurance $729,600
Credit Cash $729,600
Annual adjusting entry on June 30:
Debit Insurance Expense $152,000
Credits Prepaid Insurance $152,000
Explanation:
On February 1, Procter & Gamble (P&G) paid $729,600 in advance for 2 years’ insurance coverage. The company records the insurance as the prepaid Insurance:
Debit Prepaid Insurance $729,600
Credit Cash $729,600
On Jun 30, the last day of the following 5 months, the company records an adjusting entry that Credits Prepaid Insurance for $152,000 ($729,600 divided by 24 months times the 5 months that will be prepaid as of Jun 30) and Debits Insurance Expense for $152,000
Debit Insurance Expense $152,000
Credits Prepaid Insurance $152,000
The journal entries for P&G’s prepaid insurance and subsequent adjustment are explained. On February 1, P&G debits Prepaid Insurance and credits Cash for $729,600. On June 30, P&G makes an adjusting entry by debiting Insurance Expense and crediting Prepaid Insurance for $152,000, representing the portion of the prepaid insurance used in 5 months.
Explanation:The subject of the question refers to accounting, specifically how to record prepaid insurance and adjusting entries for insurance expense. In this case, Procter & Gamble (P&G) has made a prepayment for 2 years’ worth of insurance coverage, and we need to provide the journal entries for these transactions.
On February 1, the journal entry would be as follows: Debit Prepaid Insurance $729,600; Credit Cash $729,600. This entry reflects P&G paying upfront for the insurance coverage. Prepaid Insurance is an account where the expense has been paid but not yet used, and Cash is decreased as the payment has been made.
Then, on June 30, P&G has to make an adjusting entry to account for the portion of the prepaid insurance that has been used. Given that 5 months have passed from February to June, we need to calculate the amount of insurance expense for these 5 months. Considering that the total amount paid was for 24 months (2 years), we can calculate: $729,600 / 24 = $30,400 per month, then $30,400 x 5 = $152,000. The annual adjusting entry then would be: Debit Insurance Expense $152,000; Credit Prepaid Insurance $152,000. This entry represents the insurance that has been 'used up' over the 5 months.
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Under the Fair Credit Reporting Act of 1970 (FCRA), consumers can stop financial institutions from sharing their credit report or credit applications with affiliates. True False
Answers
Answer:
True
Explanation:
The Fair Credit Reporting Act of 1970 (FCRA) was enacted as a legislation by the U.S. Federal Government to ensure accuracy, fairness, and privacy of consumer information which consumer reporting agencies have in their files. The aim is to ensure that inaccurate information are not intentionally and/or negligently included in the credit report of consumer reporting agencies.
Although, initially when FRCA was passed in 1970, customers does not have the option of preventing sharing of information about them. However, when FCRA was amended in 1996, it allows companies to share among their affiliates different data collected on their customers subject to the provision that customers are allowed to prevent the sharing of the information.
Therefore, under the Fair Credit Reporting Act of 1970 (FCRA), consumers can stop financial institutions from sharing their credit report or credit applications with affiliates.
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You book a hotel online, and the registration process is clear and streamlined. This is an example of a(n) ______________ process that has _______________.
Answers
Answer:
The correct word for the blank space is: automated; high value to customers.
Explanation:
Most online operations nowadays are automated which implies not having an employee behind a computer to satisfy customers' needs since they are too basic that can be all processed with the use of a server. However, the automation does not imply consumers undervalue the help obtained. Otherwise, the automation helps the process be faster which ends up representing high value for most customers.
Martha works as a project manager at a bank. Due to certain changes in external factors, Martha needs to make a few alterations in the tactical goals of her project. In such a scenario, which of the following will best help Martha cope with the change?
(A) Negotiation
(B) Motivation
(C) Project environment knowledge
(D) Soft skills
Answers
Final answer:
Martha, as a project manager at a bank, can best cope with changes in external factors by utilizing project environment knowledge, which helps her understand the context and align the tactical goals of the project accordingly.
Explanation:
Martha works as a project manager at a bank and needs to alter the tactical goals of her project due to changes in external factors. Among the provided options, Project environment knowledge will best help Martha cope with the change. This knowledge will enable her to understand the external factors influencing the project's environment and to adjust the tactical goals accordingly. While negotiation, motivation, and soft skills are important, they are secondary to understanding the context in which the changes are occurring. This knowledge aids in making informed decisions that ensure the project aligns with the new circumstances, facilitating its successful completion.
For instance, in the business environment, a change in regulatory requirements by financial authorities could necessitate adjustments in project goals. With her project environment knowledge, Martha could reassess and realign the project goals to comply with the new regulations while keeping the project on track to achieve its strategic objectives. Her understanding of the project's environmental context enables her to be responsive and strategic in her approach to managing external changes.
Project environment knowledge is crucial for Martha to cope with changes effectively by understanding project dynamics and making informed decisions.
In a scenario where external factors necessitate alterations to the tactical goals of her project, having a strong understanding of the project environment is crucial for Martha to cope with the change effectively. Project environment knowledge involves understanding various factors such as stakeholders, resources, constraints, and market conditions that influence the project's dynamics. With a deep understanding of the project environment, Martha can anticipate potential challenges, identify opportunities, and make informed decisions about adjusting tactical goals to align with the changing circumstances. This knowledge enables her to navigate complexities, mitigate risks, and leverage available resources efficiently. While negotiation, motivation, and soft skills are important, project environment knowledge serves as the foundation for effective adaptation and decision-making in dynamic situations.
In 1626, Dutchman Peter Minuit purchased Manhattan Island from a local Native American tribe. Historians estimate that the price he paid for the island was about $24 worth of goods, including beads, trinkets, cloth, kettles, and axe heads. Many people find it laughable that Manhattan Island would be sold for $24, but you need to consider the future value (FV) of that price in more current times. If the $24 purchase price could have been invested at a 5% annual interest rate, what is its value as of 2012 (386 years later)?
Answers
Answer:
The value of the island as of 2012=$3,624,771,902
Explanation:
To determine the future value of the 1626 investment, use the expression below;
F.V=P.V(1+r)^n
where;
F.V=future value of investments
P.V=present value of the investment
r=annual interest rate
n=number of years
In our case;
F.V=unknown
P.V=$24
r=5%=5/100=0.05
n=386 years
Replacing;
F.V=24(1+0.05)^386
F.V=24(1.05)^386
F.V=$3,624,771,902
The value of the island as of 2012=$3,624,771,902
Final answer:
The value of $24 invested at a 5% annual interest rate over 386 years is approximately $3,569,590.55.
Explanation:
To find the future value of $24 invested at a 5% annual interest rate over 386 years, we can use the formula for compound interest:
Future Value (FV) = Present Value (PV) * (1 + interest rate)^number of periods
Given that PV = $24, interest rate = 5% = 0.05, and number of periods = 386, we can substitute these values into the formula:
FV = $24 * (1 + 0.05)³⁸⁶
Calculating this equation, we find that the value of $24 as of 2012 is approximately $3,569,590.55.
On which financial statements would you look to find the total costs of merchandise that remains and the total that has been sold? Select one: A. Statement of cash flows and balance sheet B. Balance sheet and income statement C. Balance sheet and statement of cash flows D. Statement of stockholders' equity and balance sheet
Answers
Answer:
The answer is B. Balance sheet and income statement
Explanation:
Merchandise is an inventory. It is bought and sold.
We can get the total cost of merchandise that were sold and remained in income statement.
In income statement, this can be gotten from cost of sales(cost of goods sold). This tells us the total amount of goods that were sold and the closing/ending inventory tells us the total cost of merchandise remaining.
And in the balance sheet, we can get it under current asset. The balance of inventory tells us how much of merchandise remaining at a period.
Final answer:
The total costs of unsold merchandise is found on the balance sheet under inventory, while the total costs of merchandise sold are on the income statement under cost of goods sold (COGS). The correct financial statements to refer to are the balance sheet and the income statement. Option B is correct.
Explanation:
To find the total costs of merchandise that remains and the total that has been sold, you would look at the balance sheet and the income statement. The balance sheet provides a snapshot of a company's assets, liabilities, and shareholders' equity at a specific point in time. The merchandise inventory, which represents the total costs of merchandise that remains unsold, is an asset and can be found on the balance sheet.
On the other hand, the income statement summarizes the company's revenues and expenses over a period, typically a year. The cost of goods sold (COGS), which includes the total costs of merchandise that has been sold during that period, appears on the income statement. Thus, the correct option from the provided selection is B: Balance sheet and income statement.
In each of the following independent cases the company closes its books on December 31.
1.Sanford Co. sells $500,000 of 10% bonds on March 1, 2014. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2017. The bonds yield 12%. Give entries through December 31, 2015.
2. Titania Co. sells $400,000 of 12% bonds on June 1, 2014. The bonds pay interest on December 1 and June 1. The due date of the bonds is June 1, 2018. The bonds yield 10%. On October 1, 2015, Titania buys back $120,000 worth of bonds for $126,000 (includes accrued interest). Give entries through December 1, 2016.
For the two cases prepare all of the relevant journal entries from the time of sale until the date indicated. Use the effective-interest method for discount and premium amortization (construct amortization tables where applicable). Amortize premium or discount on interest dates and at year-end. (Assume that no reversing entries were made.)
Answers
Answer:
cash 472,088 debit
discount on BP 27,912 debit
bonds payable 500,000 credit
--to record issuance--
interest expense 28325.29
discount on BP 3325.29
cash 25000
--to record first interest payment
interest expense 19,016.53
discount on BP 2,349.86
interest payable 16,666.67
--to record accrued interest Dec 31th--
Titania:
Cash 532,316.06
Bonds payable 500,000
Premium on BP 32,316.06
--to record issuance--
interest expense 26615.8
Premium on BP 3384.2
cash 30000
--first interest payment--
interest expense 4,407.77
Premium on BP 592.23
interest payable 5,000
--to record accrued interest Dec 31th--
Explanation:
Sanford Co.Present value at market rate:
[tex]C \times \frac{1-(1+r)^{-time} }{rate} = PV\\[/tex]
C 25,000.000
time 7
rate 0.06
[tex]25000 \times \frac{1-(1+0.06)^{-7} }{0.06} = PV\\[/tex]
PV $139,559.5360
[tex]\frac{Maturity}{(1 + rate)^{time} } = PV[/tex]
Maturity 500,000.00
time 7.00
rate 0.06
[tex]\frac{500000}{(1 + 0.06)^{7} } = PV[/tex]
PV 332,528.56
PV c $139,559.5360
PV m $332,528.5568
Total $472,088.0928
then, we solve for the first interest payment
carrying value x market rate
472,088.09 x 0.06 = 28325.29
we compare with the cash outlay and solve for the amortization
28,325.29 - 25,000 = 3,325.29
At year-end we also solve for the accrued interest
(472,088.09 + 3,325.29) x 0.06 x 4/6 = 19,016.53
accured payable:
500,000 x 5% x 4/6 = 16,666.67
amortization 19,016.53 - 16,666.67 = 2,349.86
Titania[tex]C \times \frac{1-(1+r)^{-time} }{rate} = PV\\[/tex]
C 30,000.000
time 8
rate 0.05
[tex]30000 \times \frac{1-(1+0.05)^{-8} }{0.05} = PV\\[/tex]
PV $193,896.3828
[tex]\frac{Maturity}{(1 + rate)^{time} } = PV[/tex]
Maturity 500,000.00
time 8.00
rate 0.05
[tex]\frac{500000}{(1 + 0.05)^{8} } = PV[/tex]
PV 338,419.68
PV c $193,896.3828
PV m $338,419.6810
Total $532,316.0638
interest first payment:
532,316.06 x 0.05 = 26615.8
then, compare wit hteh cash outlay of 30,000
30,000 - 26,615.8 = 3384.2
accrued interest:
(532,316.06 - 3,384.2) X 0.05 x 1/6 = 4,407.77
payable 30,000 x 1/6 = 5,000
amoritzation 5000 - 4,407.77 = 592.23
Cushenberry Corporation had the following transactions.1. Sold land (cost $11,360) for $14,200.2. Issued common stock at par for $18,900.3. Recorded depreciation on buildings for $15,730.4. Paid salaries of $8,080.5. Issued 1,170 shares of $1 par value common stock for equipment worth $8,420.6. Sold equipment (cost $10,300, accumulated depreciation $7,210) for $1,236.
Answers
Explanation:
The journal entries are shown below:
1. Cash A/c Dr $14,200
To Gain on land A/c $2,840
To Land $11,360
(Being the land is sold)
2. Cash A/c Dr $18,900
To Common stock A/c $18,900
(Being the common stock is issued for cash)
3. Depreciation Expense A/c Dr $15,730
To Accumulated Depreciation - Buildings A/c $15,730
(Being depreciation expense is recorded)
4. Salaries expense A/c Dr $8,080
To Cash A/c $8,080
(Being the salaries expense is paid for cash)
5. Equipment A/c Dr $8,420
To Common stock A/c $1,170
To Additional paid-in capital in excess of par value A/c $7,250
(Being the equipment is purchased)
6. Cash A/c Dr $1,236
Accumulated depreciation - Equipment A/c Dr $7,210
Loss on sale of equipment A/c Dr $1,854
To Equipment A/c $10,300
(Being the equipment is sold)
Fran is the project manager in her organization. She reports to a PMO (project management office) that takes control of the project and manages the project. Fran is a part of what type of PMO
Answers
Answer:
Directive PMO
Explanation:
A project management office(PMO) refers to creation of groups and departments within an organization so as to define standards and to ensure those standards are met.
In a directive form of project management office, it completely takes over projects and allots resources, and assigns project managers to projects.
In such a form of Project management office, the project managers are supposed to report to such directive offices.
In the given case, since Fran reports to such a PMO form which assumes control of the projects and manages the project, this is a directive form of project management.
Fran is part of a controlled PMO, which directly manages projects in an organization. This PMO type differs from others, such as supportive or controlling, in its degree of authority over projects. Effective project management involves comprehensive knowledge and skills across five process groups, as defined by PMI.
Explanation:Based on the description provided, Fran operates within a controlled PMO, which is one type of Project Management Office (PMO) structure. In a controlled or directive PMO, the PMO maintains control over projects and manages them directly. This is in contrast to other types of PMOs such as supportive, where the PMO plays a consultative role, or controlling, where the PMO provides governance and enforces standards and processes without managing the projects themselves.
The Project Management Institute (PMI) defines project management as an endeavor that requires application of knowledge, skills, tools, and techniques across various activities to meet or exceed stakeholder needs and expectations. The PMBOK Guide, which is a well-known authoritative text, outlines the five process groups and nine knowledge areas integral for effective project management. These groups and areas collectively underpin the successful management of a project, ensuring all aspects are covered, including project integration management and project scope management.
An investment offers a total return of 12.3 percent over the coming year. Janice Yellen thinks the total real return on this investment will be only 8 percent.
What does Janice believe the inflation rate will be over the next year?
Answers
Janice Yellen believes the inflation rate to be 4.3% next year. This is found by subtracting the real return (8%) from the total return (12.3%) using the basic economics formula for calculating inflation.
Explanation:To calculate the inflation rate that Janice Yellen is predicting, we need to understand how real return is associated with total return and inflation rate. The formula to calculate inflation based on real return and total return (also known as nominal return) is:
inflation rate = total return - real return
Given that the total return is 12.3%, and the real return is 8%, the equation should look like this:
inflation rate = 12.3% - 8% = 4.3%
Therefore, Janice Yellen believes that the inflation rate over the next year will be 4.3%.
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The bookkeeper for Geronimo Company has prepared the following balance sheet as of July 31, 2014.
GERONIMO COMPANY
BALANCE SHEET
AS OF JULY 31, 2014
Cash $69,000 Notes and accounts payable $44,000
Accounts receivable (net) 40,500 Long-term liabilities 75,000
Inventory 60,000 Stockholders's equity 155,500
Equipment (net) 84,000 $274,500
Patents 21,000
$274,500
The following additional information is provided.
1. Cash includes $1,200 in a petty cash fund and $15,000 in a bond sinking fund.
2. The net accounts receivable balance is comprised of the following two items: (a) accounts receivable $44,000 and (b) allowance for doubtful accounts $3,500.
3. Inventory costing $5,300 was shipped out on consignment on July 31, 2014. The ending inventory balance does not include the consigned goods. Receivables in the amount of $5,300 were recognized on these consigned goods.
4. Equipment had a cost of $112,000 and an accumulated depreciation balance of $28,000.
5. Income taxes payable of $6,000 were accrued on July 31. Geronimo Company, however, had set up a cash fund to meet this obligation. This cash fund was not included in the cash balance, but was offset against the income taxes payable amount.
Prepare a corrected classified balance sheet as of July 31, 2014, from the available information, adjusting the account balances using the additional information.
Answers
Answer:
Total Assets = $280,500
Total liabilities = $125,000
Total Stockholders' Equity = $155,500
Explanation:
GERONIMO COMPANY
BALANCE SHEET
AS OF JULY 31, 2014
Assets
Current Assets:
Cash $60,000 (Note: 1)
Accounts Receivables $38,700 (Note: 2)
Less:
allowance for doubtful accounts ($3,500)
Net Accounts receivables $35,200
Inventories $65,300 (Note: 3)
Total Current Assets = $160,500
Long-term Investment
Bond sinking fund $15,000 (Adjustment - 1)
Property, plant, and equipment:
Equipment $112,000 (Additional Info-4)
Less: Accumulated Depreciation $28,000
Book Value, Equipment $84,000
Intangible Assets:
Patent $21,000
Total Assets = $280,500
Liabilities and Stockholders' Equity
Current Liabilities:
Notes and Accounts payable $44,000
Taxes payable $6,000 (Additional Information - 5)
Total current liabilities = $50,000
Long-term liabilities $75,000
Total liabilities $125,000
Stockholders' Equity:
Common Stock $155,500
Total liabilities and stockholders' Equity $280,500
Notes:
1. Cash $69,000
Less: Bond Sinking fund ($15,000)
Add: Income Tax offset 6,000
Total Cash at the end of the period $60,000
2. Accounts Receivable $44,000
Less: Inventory consigned recongnized as receivables $(5,300)
Net Accounts receivable = $38,700
3. Inventory =$60,000
Add: Consinged Inventory $5,300
Net Inventory = $65,300
To prepare the corrected balance sheet, adjustments need to be made for the additional information provided. This includes adding cash in petty cash and bond sinking fund, subtracting allowance for doubtful accounts from accounts receivable, excluding consigned inventory, subtracting accumulated depreciation from equipment cost, and offsetting income taxes payable.
Explanation:To prepare the corrected balance sheet, we need to make adjustments for the additional information provided.
Add the amounts in the petty cash fund and bond sinking fund to the cash balance.Subtract the allowance for doubtful accounts from the accounts receivable balance to get the net accounts receivable. Record the receivables from consigned goods as part of accounts receivable.Exclude the consigned inventory from the ending inventory balance.Subtract the accumulated depreciation from the equipment cost to get the net equipment.Offset the income taxes payable with the cash fund set up for that obligation.After making these adjustments, the corrected classified balance sheet will show the updated balances for each asset, liability, and equity account.
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What are the environmental and firm-specific drivers that are driving Alpaca Luxe to explore international markets?
Answers
Answer:
The economy downturn.
Explanation:
An economic crisis is a factor that can lead companies to seek the internationalization of their activities, in order to find new opportunities in new markets.
One factor that influenced this point is the appreciation of the Dollar in underdeveloped economies, which is configured as a commercial policy to encourage the internationalization of American companies. With a strong currency, companies are able with less resources to settle in other locations with cheaper labor, government incentives and less bureaucratization to implement companies in these countries.
On January 16, Tree Co. paid $60,000 in property taxes on its factory for the current calendar year. On April 2, Tree paid $240,000 for unanticipated major repairs to its factory equipment. The repairs will benefit operations for the remainder of the calendar year.
What amount of these expenses should Tree include in its third-quarter interim financial statements for the 3 months ended September 30?
A. $95,000 B. $75,000 C. $0 D. $15,000
Answers
Answer:
A. $95,000
Explanation:
60,000 will be property taxes for an entire year
we just need to calcualte expense from July to September thus:
60,000 x 3 months / 12 months = 15,000
The repairs are also distributed among the periods to not put the entire weight in a month or quarter:
240,000 x 3 / 9 months outstanding = 80,000
total amount of expenses for the period July - September:
15,000 property tax expense+ 80,000 repair expense= 95,000
Final answer:
Tree Co. should include $15,000 for property tax and $60,000 for major repairs in its third-quarter interim financial statements, totaling $75,000 (Option B).
Explanation:
To determine the expenses Tree Co. should include in its third-quarter interim financial statements, we need to allocate the proper amounts of the paid property taxes and the repairs to the factory equipment over the relevant periods.
Property Tax Allocation: The annual property tax paid was $60,000. Since this is for the current calendar year, it should be allocated equally across all four quarters. Therefore, for one quarter, the expense would be $60,000 divided by 4, which equals $15,000.
Repairs Expense Allocation: The major repairs costing $240,000 are expected to benefit the operations for the remainder of the calendar year. Since these repairs were made on April 2 and are to benefit for the 9 remaining months, we would take $240,000 and divide it by the 12-month calendar period to determine the monthly rate, then multiply by the number of months in Q3 (July, August, and September). This calculation gives us a quarterly allocation of repairs expense of $60,000.
The total amount of both expenses to be included in the third-quarter interim financial statements is $15,000 for property taxes + $60,000 for repairs, which yields $75,000.
Thus, the correct answer to include in the third-quarter interim financial statements is Option B: $75,000.
For each of the following, compute the future value (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.): Present Value $2,328 Years 11 Interest Rate 13% Future Value - ?
Answers
Answer:
$8,929.88
Explanation:
The computation of the future value is shown below:
Future value = Present value × (1 + interest rate)^number of years
where,
Present value = $2,328
Rate = 13%
Number of years = 11
So, the future value
= $2,328× (1 + 0.13%)^11
= $2,328 × 3.8358611506
= $8,929.88
Simply we use the above formula to determine the future value
A column in the New York Times noted that during the housing boom that ended in 2006: open double quote"Global banks had loaded up on these supposedly safe securities, and were at risk of becoming insolvent when their true value became known. Some banks blew up; others were bailed out.
Source: Neil Irwin, open double quote"What 'The Big Short' Gets Right, and Wrong, About the Housing Bubble, close double quote" New York Times ,December 22, 2015.
Which of the following are the securities the columnist is referring to?
A.
Mortgage-backed securities.
B.
Commercial paper.
C.
Tax-deferred annuities.
D.
Government bonds.
What caused the value of these securities to decline?
A.
Lower interest rates.
B.
Recession.
C.
Declining property values.
D.
Inflation.
Answers
Answer:
A.
C.
Explanation:
A. Mortgage-backed securities.
C. Declining property values.
The housing bubble caused the values of mortgaged properties to go down during the financial crisis of 2007-08. the banks thought ther were investing in safe securities since the loans were mortgaged against properties.
Assume that you are the auditor of Weller, Inc. and that you have been asked to explain the appropriate accounting and related disclosure necessary for each of these items.
a. The company decided that, for the sake of conciseness, only net income should be reported on the income statement. Details as to revenues, cost of goods sold, and expenses were omitted.b. Equipment purchases of $170,000 were partly financed during the year through the issuance of a $110,000 notes payable. The company offset the equipment against the notes payable and reported plant assets at $60,000.c. Weller has reported its ending inventory at $2,100,000 in the financial statements. No other information related to inventories is presented in the financial statements and related notes.d. The company changed its method of valuing inventories from weighted-average to FIFO. No mention of this change was made in the financial statements.
Answers
Answer:
(a) It is true that details of revenues ,cost of goods sold and expenses ought to be in the balance statement, but was not always so ,. In the past only net income was recorded but .Accounting Principles has evolved over the years.
(b) Notes payable should be recorded as liability(because it is a form of cash Outflow) and equipments are assets. Offsetting is can be used when some assets are used to pay off liabilities.
(c) According to General Accepted Accounting Principles, the inventory amounts are stated and the method used in determining cost (LIFO, FIFO, average cost, etc.) should also be stated. Methods used in determining cost should be emphasized and alternatives should be made known as well.
(d)In accounting principles, changes in financial statements should be made known. Contrariwise, this will lead to a false financial statement. Financial statements ought to be compared with that of previous years to substantiate its usefulness.
Explanation:
The company decided that, for the sake of conciseness, only net income should be reported on the income statement. Details as to revenues, cost of goods sold, and expenses were omitted
(a) It is true that details of revenues ,cost of goods sold and expenses ought to be in the balance statement, but was not always so ,. In the past only net income was recorded but .Accounting Principles has evolved over the years.
b. Equipment purchases of $170,000 were partly financed during the year through the issuance of a $110,000 notes payable. The company offset the equipment against the notes payable and reported plant assets at $60,000.
(b) Notes payable should be recorded as liability(because it is a form of cash Outflow) and equipments are assets. Offsetting is can be used when some assets are used to pay off liabilities.
c. Weller has reported its ending inventory at $2,100,000 in the financial statements. No other information related to inventories is presented in the financial statements and related notes.
(c) According to General Accepted Accounting Principles, the inventory amounts are stated and the method used in determining cost (LIFO, FIFO, average cost, etc.) should also be stated. Methods used in determining cost should be emphasized and alternatives should be made known as well.
d. The company changed its method of valuing inventories from weighted-average to FIFO. No mention of this change was made in the financial statements.
(d)In accounting principles, changes in financial statements should be made known. Contrariwise, this will lead to a false financial statement. Financial statements ought to be compared with that of previous years to substantiate its usefulness.
Although Tracith is one of the best supermarkets in the coastal town of Dawntonia, it fails to retain customers. To solve this problem, Edna, the newly appointed marketing manager at Tracith, decides to implement a customer loyalty program. This program would include a membership card and a mobile app that can only be accessed using the membership card number. The mobile app will be enabled to show real-time availability of products at the supermarket.
In the context of managerial roles, which of the following decisional roles is illustrated by Edna in this scenario?
a. The liaison role
b. The entrepreneur role
c. The disseminator role
d. The spokesperson role
Answers
Answer:
The answer is B.The entrepreneur role.
Explanation: