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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A rational person does not act unless a. the action makes money for the person. b. the action is ethical. c. the action produces marginal costs that exceed marginal benefits. d. the action produces marginal benefits that exceed marginal costs.
Answer:
d. the action produces marginal benefits that exceed marginal costs.
Explanation:
The rational person is the person who takes the decision with keeping in mind about its future events and in practicable in nature instead of the emotional nature
When a company earns a net income, its revenue is more than its cost
So a rational person does not act unless when the action generates the marginal benefits that are exceeded from the marginal cost.
Jan. 2 Stockholders invested $15,000 cash in the business in exchange for common stock. 3 Purchased used car for $8,200 cash for use in the business. 9 Purchased supplies on account for $500. 11 Billed customers $1,800 for services performed. 16 Paid $200 cash for advertising. 20 Received $780 cash from customers billed on January 11. 23 Paid creditor $300 cash on balance owed. 28 Declared and paid a $500 cash dividend. For each transaction indicate the following. (a) The basic type of account debited and credited (Asset, Liability, Stockholders’ Equity). (b) The specific account debited and credited (Cash, Rent Expense, Service Revenue, etc.). (c) Whether the specific account is increased or decreased. (d) The normal balance of the specific account.
Explanation:
The categorization is presented below:
For debited accounts
Transaction date Basic Type Specific account Effect Normal balance
Jan.2 Asset Cash Increase $15,000
Jan.3 Asset Car used Increase $8,200
Jan.9 Asset Supplies Increase $500
Jan.11 Asset Account receivable Increase $1,800
Jan.16 Expense Advertisement Increase $200
Jan.20 Asset Cash Increase $7,380
Jan.23 Liability Account payable Decrease $200
Jan.28 Asset Retained earnings Decrease $500
Jan.28 Liability Dividend payable Decrease $500
For credited accounts
Transaction date Basic Type Specific account Effect Normal balance
Jan.2 Asset Common stock Increase $15,000
Jan.3 Asset Cash Decrease $6,800
Jan.9 Asset Account payable Increase $500
Jan.11 Asset Service revenue Increase $1,800
Jan.16 Expense Cash Decrease $6,600
Jan.20 Asset Account receivable Decrease $1,020
Jan.23 Liability Cash Decrease $7,080
Jan.28 Asset Dividend payable Increase $500
Jan.28 Liability Cash Decrease $6,580
We determining the balances by adding the received or that transactions which increases the balance and deduct the paid amount or that transactions which decreases the balance
The provided explanation details the type of account (Asset, Liability, Stockholders’ Equity), the specific account (Cash, Rent Expense, Service Revenue, etc.), whether the specific account is increased or decreased, and the normal balance for each given transaction on the specified dates in January.
Below is the required information for each transaction:
Jan. 2: (a) Asset, Stockholders’ Equity (b) Cash, Common Stock (c) Cash is increased, Common Stock is increased (d) Debit (Cash), Credit (Common Stock).Jan. 3: (a) Asset (b) Cash, Automobile (c) Cash is decreased, Automobile is increased (d) Debit (Automobile), Credit (Cash).Jan. 9: (a) Asset, Liability (b) Supplies, Accounts Payable (c) Supplies is increased, Accounts Payable is increased (d) Debit (Supplies), Credit (Accounts Payable).Jan. 11: (a) Asset, Stockholders’ Equity (b) Accounts Receivable, Service Revenue (c) Accounts Receivable is increased, Service Revenue is increased (d) Debit (Accounts Receivable), Credit (Service Revenue).Jan. 16: (a) Asset, Stockholders’ Equity (b) Advertising Expense, Cash (c) Advertising Expense is increased, Cash is decreased (d) Debit (Advertising Expense), Credit (Cash).Jan. 20: (a) Asset (b) Cash, Accounts Receivable (c) Cash is increased, Accounts Receivable is decreased (d) Debit (Cash), Credit (Accounts Receivable).Jan. 23: (a) Liability, Asset (b) Accounts Payable, Cash (c) Accounts Payable is decreased, Cash is decreased (d) Debit (Accounts Payable), Credit (Cash).Jan. 28: (a) Stockholders’ Equity, Asset (b) Dividends, Cash (c) Dividends is increased, Cash is decreased (d) Debit (Dividends), Credit (Cash).Learn more about Accounting Transactions here:https://brainly.com/question/34190871
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Echo Air Company (EAC)Echo Air Co. is a well-known establishment in the airline business. It is currently one of the top firms in the industry. The company prides itself on good customer service and being concerned with the broader societal good. EAC management is not only concerned with doing things right, but also with doing the right things. Many of their decisions reflect this philosophy. Initially, the company had a problem with employees reporting their suspicions about unethical behavior to the press instead of to EAC management.
As a result, the company made sure its employees knew the firm's guidelines on fixing ethical issues. EAC also developed a code of conduct based on standards that continue to be upheld within the company. Since the code of conduct has been put in place,there have been fewer ethical violations.Although employee salaries at EAC are not as high as those at competing firms, the company experiences very low employee turnover. The firm has created a corporate culture that not only makes its employees want to stay, but that also results in higher profits.
If EAC can maintain the relationship it has built with its employees and customers, it will have little difficulty keeping up its remarkable success. Refer to Echo Air Company. Initially, employees were not willing to go to EAC management with ethical issues but would instead report them to the press.
This is an example of :A. whistle-blowing.B. a social audit.C. poor employees.D. opportunity emptor.E. a narc.
Answer:
A. whistle-blowing.
Explanation:
Whistle-blowing occurs when an employee exposes information of wrong-doing, unethical practice, or illegal actions. The information released can either be to internal authorities or it can be released to external parties.
When an employee does not have confidence that appropriate action will be taken on the information provided, employees tend to go to external parties with the information.
This was the case with EAC above where the staff were going to the press. EAC now set up a whistle-blowing framework that increased employee confidence and reduced turn-over.
The scenario described in the Echo Air Company where employees reported questionable actions to the press is an example of whistle-blowing. Whistle-blowing means revealing misconduct within an organization to the public or those in authority. Implementation of a code of conduct by the company reduced such behavior.
Explanation:In the context of Echo Air Company (EAC), the initial incident where employees were reporting their suspicions about unethical behavior to the press instead of EAC management is an example of whistle-blowing. Whistle-blowing refers to the act of revealing misconduct within an organization to the public or to those in positions of authority. The employees felt compelled to expose the perceived unethical behavior, but chose to do so externally by speaking to the press, rather than internally with their own management.
After this behavior was addressed and a code of conduct was implemented at EAC, there was a noted decline in ethical violations. This suggests that clear company guidelines and a robust ethical frame of reference can be effective measures to handle such issues internally and prevent negative publicity due to whistle-blowing.
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Discusses four types of perceptual distortions: stereotyping, halo effects, selective perception, and projection. Define each of these and provide an example
Final answer:
Perceptual distortions, such as stereotyping, halo effect, selective perception, and projection, represent biases in how we view others. These distortions can lead to inaccurate judgments based on overgeneralization, positive characteristics influencing unrelated traits, confirmation of preconceived beliefs, and attributing our own characteristics to others.
Explanation:
Perceptual distortions are cognitive biases or errors in the way we perceive others. Four types of perceptual distortions include stereotyping, the halo effect, selective perception, and projection.
Stereotyping
Stereotyping is when an individual assigns attributes to another person based solely on the other person's membership in a certain social or demographic group. An example would be believing all elderly people are poor drivers without considering individual abilities.
Halo Effect
The halo effect occurs when one positive characteristic of a person influences the observer to see other unrelated traits in a positive light. For example, if a teacher finds a student to be good at sports, they might also assume the student is diligent in their studies.
Selective Perception
Selective perception involves filtering information that is inconsistent with our preconceived beliefs and paying attention to information that confirms those beliefs. For example, if you believe that your favorite brand always produces quality products, you might overlook negative reviews.
Projection
Projection is ascribing one's own characteristics, feelings, or beliefs onto other people. When a distrustful person suspects others of being untrustworthy themselves, it is an example of projection.
Calculating Present Values. Suppose you are still committed to owning a $150,000 Ferrari (see Question 9). If you believe your mutual fund can achieve a 10.25 percent annual rate of return, and you want to buy the car in 10 years on the day you turn 30, how much must you invest today?9. Calculating Present Values. Suppose you are still committed to owning a $150,000 Ferrari (see Question 9). If you believe your mutual fund can achieve a 10.25 percent annual rate of return, and you want to buy the car in 10 years on the day you turn 30, how much must you invest today?a. PV * (1 + .1025)^10 = $150,000b. PV * (1.1025)^10 = $150,000c. PV * (2.65239)= $150,000d. PV = $150,000/2.65239e. PV = $56,533.42
Answer:
All the options written are the steps involved in solving the problem. The formula that would be used is compounding formula because we have future value which is $150,000 and rate of return which is 10.25%. Furthermore, here n is 10 years time.
The formula is:
Future Value = Present Value * (1 + r)^n
$150,000 = Present Value * (1.1025)^10
$150,000 = Present Value * 2.6524
$150,000 / 2.6524 = Present Value
Present Value = $56553
So the amount that we should deposit in mutual funds today to buy Ferrari is $56553. The difference is due to rounding off.
A venture capital firm is considering investing in a company. Assume the discount rate is 20%.
a. The first four years, the VC firm would be paying into the company. The payments from the VC firm would equal $5 million a year (starting at the end of the year).
b. In return, the VC firm expects that it would receive payments equal to $10 million for the following four years (end of year 5 to the end of year 8).
Should the VC firm invest in this company?
O Yes
O No
Answer:
No
Explanation:
Year end Cash Flows ($) PVF @20% Present Value($)
1 (5) .8333 (4.1665)
2 (5) .6944 (3.472)
3 (5) .5787 (2.893)
4 (5) .4823 (2.4115)
5 10 .4019 4.019
6 10 .3349 3.349
7 10 .2791 2.791
8 10 .2326 2.326
Net Present Value (NPV)= (0.458)
Here, PVF stands for present value discounting factor at 20% rate and cash flows in bracket depict cash outflows.
Since, the net present value is negative, the venture capital firm should not invest in this company
To determine if the Venture Capital firm should invest, calculate the net present value (NPV) of the cash flows using the discount rate of 20%. If the NPV is positive, invest; if it's negative, don't invest.
Explanation:To determine whether the VC firm should invest in the company, we need to calculate the net present value (NPV) of the cash flows.
For the first four years, the VC firm is paying $5 million per year.
We can calculate the present value of these payments using the discount rate of 20%, and subtract this amount from the initial investment.
Then, for the next four years, the VC firm expects to receive $10 million per year.
We calculate the present value of these payments and add it to the remaining investment. If the NPV is positive, the VC firm should invest in the company; if it's negative, they should not invest.
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In December 2015, General Electric (GE) had a book value of equity of $ 98.3 billion, 9.6 billion shares outstanding, and a market price of $ 29.78 per share. GE also had cash of $ 100.9 billion, and total debt of $ 197.8 billion. a. What was GE's market capitalization? What was GE's market-to-book ratio? b. What was GE's book debt-equity ratio? What was GE's market debt-equity ratio? c. What was GE's enterprise value? a. What was GE's market capitalization? GE's market capitalization was $ nothing billion. (Round to one decimal place.) What was GE's market-to-book ratio? GE's market-to-book ratio was nothing. (Round to two decimal places.) b. What was GE's book debt-equity ratio? GE's book debt-equity ratio was nothing. (Round to two decimal places.) What was GE's market debt-equity ratio? GE's market debt-equity ratio was nothing. (Round to two decimal places.) c. What was GE's enterprise value? GE's enterprise value was $ nothing billion. (Round to one decimal place.)
Answer:
3,000 might be the price range
Explanation:
u must puy 2 over 1 to add the left side of the move
GE's market capitalization was $285.888 billion, its market-to-book ratio was 2.91, its book debt-equity ratio was 2.01, and its enterprise value was $382.788 billion.
Explanation:Here are the calculations for the given data:
a. Market capitalization = Market price per share x Number of shares outstanding = $29.78 x 9.6 billion = $285.888 billion. Market-to-book ratio = Market capitalization / Book value of equity = $285.888 billion / $98.3 billion = 2.91.
b. Book debt-equity ratio = Total debt / Book value of equity = $197.8 billion / $98.3 billion = 2.01. Market debt-equity ratio cannot be determined without the market value of equity.
c. Enterprise value = Market capitalization + Total debt - Cash = $285.888 billion + $197.8 billion - $100.9 billion = $382.788 billion.
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Keith manages a team of fifteen developers in a software company. He is known to be open tonew ideas from everyone. He considers the various perspectives with patience and a positiveattitude. Keith’s approach is _____.
a.politically correct
b.nonjudgmental
c.risk-aversive
d.non-conflicting
e.multilateral
Answer:
e. multilateral
Explanation:
A multilateral approach is when there is combined participation of team members in achieving goals. Keith is open to various ideas and perspectives, considering them in making decisions.
In this approach each team member will feel valued and will be able to provide useful input in the team's activities.
Answer:
Multilateral
Explanation:
Multilateral
The meaning of mulitilateral is multi-sided. Keith's approach being multilateral simple means as its said that he is open to new ideas from everyone. This is already a multi-team, so the participation of the 15 team member of developers is a multi dimensional effort to solving problems. Keith considering all perspectives and ideas makes it multifaceted. He sure will be able to take proper and correct decisions
Business Insider released a list of the 50 best U.S. employers, and the number one company was a surprise: the biopharmaceutical firm Celgene. Firms invest in their __________ resources by offering excellent pay and benefits.
a) human
b) tangible
c) intangible
Explanation:
because Human capital formation is intangible force and
Investment made in this force will always bring highly unexpected results.
Currently, at a price of $1 each, 100 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity of supply. In the short run, a price increase from $1 to $2 is unit-elastic (Es = 1.0). In the long run, a price increase from $1 to $2 has an elasticity of supply of 1.50. (Hint: Apply the midpoints approach to the elasticity of supply.)
a. So how many popsicles will be sold per day in the long run if the price rises to $2 each?
Answer:
a. 300 Popsicle will be sold per day in the long run.
Explanation:
When the price of goods changes the demand and supply also changes. The elasticity of supply is % change in quantity supplied / % change in price.
The price elasticity in the long run will be more and lesser in the short run. If the price of Popsicle increases from $1 to $2 in the long run and the price elasticity is 1.5 in the long run then the quantity of Popsicle sold will be 300 per day. This is calculated as
= Price elasticity in long run * increased price in the long run * quantity sold per day.
= 1.5 * $2 * 100 Popsicle
= 300 Popsicle's.
If the price of popsicles increases to $2 in the long run, 250 popsicles will be sold per day due to an elasticity of supply of 1.50.
Explanation:The elasticity of supply (Es) is a measure of how the quantity supplied changes in response to a price change. Here, in the long run, the elasticity of supply is 1.50, meaning that if the price increases by 1%, the quantity supplied will increase by 1.5%. When the price rises from $1 to $2, that is a 100% increase. So, if Es=1.50, the quantity supplied will increase by 100% * 1.5 = 150%. Since the current sales are 100 popsicles per day, with a 150% increase, the quantity supplied in the long run will be 100 + (150/100)*100 = 250 popsicles per day. Therefore, if the price rises to $2 each, 250 popsicles will be sold per day in the long run.
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There are many misunderstandings about the business cycle and how it can impact an economy. Determine if each of the given statements are true or false.
1. Business cycles can be described as fluctuations from the economy's long-term growth trend.
2. The four phases of business cycles are peaks, troughs, expansions, and recessions.
3. Business cycles are common in emerging economies but not in developed economies.
4. When a business cycle reaches the trough, the economy is usually operating at its capacity.
5. The peak of a business cycle is followed by a downturn or recession.
6. Business cycles last for followed by a downturn or recession approximately nine months.
Answer:
1. True
2. True
3. False
4.False
5.True
6.False
Explanation:
1. Business Cycles are basically due to country's economic growth trends. When a country's economy is prospering then the Business Cycle will be in a expansion category.
2. There are four phases of business cycle in an economy. Peaks, Troughs, Expansions and Recession. Expansion stage is characterized as when the economy is a country is growing, country is in a developing stage and employment increases.
3. Business cycles are for every country. Even the developed countries face Business Cycle fluctuations due to Ups and Downs in an economic condition.
4. It is usually not true that the economy is operating at its capacity when it faces troughs in a Business Cycle. Trough is a stage where there is minimum of investment in a country, unemployment is increased, growth is business is near to zero and decline in business activities.
5. When an economy reaches to peak in a Business Cycle it then follows it cycle and enter into a recession or a downturn. At peak when there is end of expansion in a business it starts contacting and recession happens in a Business Cycle.
6. Business Cycle may last for a few months or a year but it is not necessary that each Business Cycle lasts for exactly nine month. It can be lower or greater depending on the economic conditions of a country.
Final answer:
Business cycles consist of four phases—expansion, peak, contraction, and trough—and occur in all economies. A peak is followed by a downturn, and the trough signifies the lowest economic activity, not operating at full capacity. Business cycles do not have a fixed duration.
Explanation:
True or false: Business cycles can be described as fluctuations from the economy's long-term growth trend. This statement is True. Business cycles represent the short-term variations in economic activity relative to a long-term growth pattern.
True or false: The four phases of business cycles are peaks, troughs, expansions, and recessions. This statement is True. These are the commonly accepted four phases of the business cycle, each with distinct characteristics and economic impacts.
True or false: Business cycles are common in emerging economies but not in developed economies. This statement is False. Business cycles occur in all types of economies, regardless of their development status.
True or false: When a business cycle reaches the trough, the economy is usually operating at its capacity. This statement is False. The trough represents the lowest point in the business cycle, where economic activity is typically at its lowest, not its capacity.
True or false: The peak of a business cycle is followed by a downturn or recession. This statement is True. The peak is the highest point of the business cycle, after which economic activity generally declines, leading to a recession.
True or false: Business cycles last for approximately nine months. This statement is False. The duration of business cycles can vary greatly and is not limited to a specific time frame.
On March 31, 2009, Phoenix, Inc. paid Melanie Publishing Company $15,480 for a 3-year subscription for five different magazines. The subscriptions started immediately. What amount should appear in the Prepaid Subscription account for Phoenix Company after adjustments on December 31 each year
Answer:
prepaid subscrption ending balance
2009 11,610
2010 6,460
2011 1,290
Explanation:
15,480 / 36 months = 430 per month
December 31th Adjustment:
430 x 9 months (from March 31,2009 to December 31,2009)
received magazinesfor $ 3,870
balance: 15,480 - 3,870 = 11,610
Decmeber 31th 2010
430 x 12 months = 5,160
balance 11,610 - 5,160 = 6,450
2011 adjustment
again for 12 months: 5,160
6,450 - 5,160 = 1,290
A(n) ____ is the collection of individuals responsible for the overall planning and development of the contingency planning process, including the organization of subordinate teams and oversight of subordinate plans.
A Contingency planning management team is responsible for the development of the contingency process and in the oversights of the subordinate plans
Explanation:
When the outcome that is not expected and for the outcome that is in the exceptional risk and the the plans that would often have a catastrophic sequence are often called as contingency plan
They are most often planned by the governments and they include the natural disasters like the hurricanes the earth quakes and in business the crises that are threatening the employees such as job injuries and the work site accidents all of them are supervised by the contingency plan management team
At the start of the strategy-making process, a company's senior managers must struggle with the issue of what directional path the company should take and whether its market positioning and future performance prospects could be improved by changing the company’s product offerings,
Answer:
Engaging the company in one way against another pushes all managers to draw some reasoned conclusions about how to modify the company's commercial disposition and the market position that it should rethink. For this it is necessary to take into account factors that shape the management when deciding where to go the company and why that address makes business sense.
Explanation:
The points of view and conclusions taken by senior management on the direction of the company and the future focus of the product/market/customer/technology make up a strategic vision for the company. The strategic vision traces management's aspirations for your business, offering a panoramic view. Therefore, a strategic vision supports an organization in a particular direction, draws a strategic path and shapes the organizational identity of the company
Sailmaster makes high-performance sails for competitive windsurfers. Below is information about the inputs and outputs for one model, the Windy 2000. Units sold 1,214 Sale price each $ 1,697 Total labor hours 46,675 Wage rate $ 11 /hour Total materials $ 60,100 Total energy $ 4,110
The question pertains to cost and revenue calculation in a business context using Sailmaster as an example. We calculate the total cost by adding labor, material, and energy costs. The total revenue is computed by multiplying the units sold by the sale price per unit.
The subject of this question is business, specifically it relates to cost and revenue calculation in a business setting. In this case, Sailmaster, a company that manufactures high-performance sails is taken as an example.
To answer your question directly, the total cost involves labor cost, material cost and energy cost. Total labor cost could be calculated by multiplying the total labor hours with the wage rate. Therefore, total labor cost equals 46,675 hours * $11/hour, which amounts to $513,425. The total material cost is given as $60,100 and total energy cost is $4,110. Adding all these costs together, we get a total cost of $577,635.
Further, the total revenue could be computed by multiplying the units sold by the sale price per unit. Therefore, total revenue equals 1,214 units * $1,697/unit, which would result in a total revenue of $2,059,538. Now, by subtracting total cost from the total revenue, we can calculate profit or loss.
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8. Katie pays $10,000 in tax-deductible property taxes. Katie’s marginal tax rate is 32%, average tax rate is 28%, and effective tax rate is 25%. Katie's tax savings from paying the property tax is
Answer:
The Tax savings for the property tax is 3200 USD.
Explanation:
As Katie paid property taxes as $10000 in tax-deductible property taxes. In calculation of this the marginal tax rate is used in calculation. Thus
[tex]Tax_{savings}=Tax_{Marginal-rate} \times Amount paid\\Tax_{savings}=32\% \times 10,000\\Tax_{savings}=\frac{32}{100} \times 10,000\\Tax_{savings}= \$ \, 3200\\[/tex]
So the Tax savings for the property tax is 3200 USD.
A corporation has 40,000 shares of $25 par value stock outstanding. If the corporation issues a 3-for-1 stock split, the number of shares outstanding after the split will be a.10,000 shares. b.40,000 shares. c.160,000 shares. d.120,000 shares.
Answer:
d. 120,000 shares.
Explanation:
In a stock split, the current number of shares outstanding is multiplied by the rate of the split and its par value is divided by the rate of the split.
In a 3-for-1 stock split with 40,000 shares outstanding originally, the new number of shares outstanding is:
[tex]n=40,000*3 =120,000\ shares[/tex]
There are 120,000 shares outstanding after the split.
The relative price of any commodity is its price in terms of A. dollars. B. foreign currencies. C. another commodity. D. gold.
Answer: option (C) another commodity.
Explanation: The relative price of any commodity is its price in terms of another commodity. A relative price maybe expressed in terms of ratio between the prices of any two goods. Relative price simply refers to the ratio of prices. They are often expressed in terms of consumer price indices and are pertinent in making international comparison. Consumers are conscious of monetary prices of product but most have the intuition that the really important thing is the price of product to other prices such as the wage rate.
Answer:
The Correct Answer is C
Another commodity
Explanation:
The proportion of one value to another is designated a relative price, which is an opportunity cost. The relative price of an asset is the opportunity cost of obtaining that asset because it determines how much of the next most suitable asset must be relaxed up to purchase a unit of the first asset.A relative price is an opportunity cost.Baxter Company's merchandise inventory at the start of 2014 was $85,000. The company purchased inventory during 2014 in the amount of $323,000, and its inventory at the end of the year was $102,000.What was Baxter's Cost of Goods Sold for 2014?1) $391,0002) $306,0003) $408,0004) $289,000
Explanation:
Cost of goods sold = +Purchase + Direct Exp+ Opening Inventory - Closing Stock
85,000 + 3,23,000 - 1,02,000 = 3,06,000
Which of the following measures how the level of well-being in a country has changed over time? a. level of nominal GDP per person. b. growth rate of nominal GDP. c. growth rate of real GDP. d. growth rate of real GDP per person.
Answer:
d. growth rate of real GDP per person.
Explanation:
The level of well being of a country can be found by considering the price-index, i.e The real GDP per person and not nominal GDP per person.
You are a U.S.-based treasurer with $1,000,000 to invest. The dollar-euro exchange rate is quoted as $1.60 = €1.00 and the dollar-pound exchange rate is quoted at $2.00 = £1.00.
If a bank quotes you a cross rate of £1.00 = €1.20, how much money can an astute trader make?
Answer:
$41,666.667
Explanation:
The computation of the money astute trader make is
= Invested amount × (Euro exchange rate ÷ dollar exchange rate) × (Pound cross rate ÷ euro cross rate) × dollar exchange rate
= $1,000,000 × (€1.00 ÷ $1.6) × (£1 ÷ €1.2) × $2
= $1,041,666.667
So, the money would be
= $1,041,666.667 - $1,000,000
= $41,666.667
A group of concerned citizens has established a trust fund that pays 5% interest, compounded monthly, to preserve a historical buildingby providing annual maintenance funds of $80,000 forever. Compute the capitalized equivalent amount for these building maintenance expenses.
Answer:
The value of the stablish fund is 1,563,663.64 dollars
Explanation:
First, we solve for the effective annual rate as this is a rate which compounds monthly:
[tex](1+APR/m)^m-1 = r_e\\(1+0.05/12)^{12} - 1 = r_e\\r_e = 0.051161898[/tex]
Now, we solve for the Principal of a perpetuity which interest over the year are 80,000:
[tex]\frac{Annuity}{Principal} = rate\\Principal = Annuity \div rate\\Principal = 80,000 \div 0.051161898[/tex]
Principal = 1.563.663,64
Which one of the following items is most likely to be reported as goodwill? A. In-process research and development B. Brand names C. Developed technology D. Skilled workforce
Answer:
The correct answer is letter "D": Skilled workforce.
Explanation:
Goodwill refers to the value of an intangible asset found on a company's Balance Sheet. A company's brand recognition, intellectual property, skilled workforce, and reputation among its customers and employees can all count towards its goodwill value. When a company is acquired for a higher price than its book value, the excess value of the target company is recorded under a Balance Sheet goodwill.
A computer rework center has the capacity to rework 300 computers per day. The expected number of computers needing to be reworked per day is 225. The center is paid $26 for each computer reworked. The fixed cost of renting the reworking equipment is $250 per day. Work space rents for $150 per day. The cost of material is $18 per computer and labor costs $3 per computer. What is the break-even number of computers reworked per day
Answer: 80 computers per day
Explanation:
In calculating the break-even point, it important to consider two types of costs. There are fixed costs, costs that don´t change no matter what happens with demand (in this case computers to be fixed), and variable costs, that varies depending on the demand.
Fixed costs:
Equipment Rent: 250
Space Rent: 150
Variable Costs:
Material per computer: 18
Labor per computer: 3
We have to pay $400 no matter what, and more depending on how many pcs are fixed. Now it’s a matter of calculating how many pcs are necessary to pay for that fixed costs and the variable costs that will come with it.
If there were no variable costs, the break-even point would be 16 pcs [16*26=416] (a little more than 15 but u can’t fix half of a pc lol).
However, knowing that the cost per pc is $21, we realize that we earn only $5 per pc. And how many $5 there are in $400? 80 pcs!
Phew! Let’s recap:
80 pcs fixed: $2080 revenue
Variable Cost: 21*80 = $1680
Fixed Cost: $400
2080 – 1680 – 400 = 0. Break-even!
As a side note: in this case, the center capacity is irrelevant because we can break-even well beneath the limit. However, in order to maximize profits, it would be a important data to work with.
According to the Census Bureau, in October 2016, the average house price in the United States was $27,258. 6 years earlier, the average price was $20,608. What was the annual increase in the price of the average house sold?
Answer:
Annual increase is $1,108.4
Explanation:
In 2016, average price was $27,258.6
In 2010, average price was $20,608
Average increase in 6 years = $27,258.6 - $20,608 = $6,650.6
Annual average increase = $6650.6/6 = $1,108.4
This past year inflation in Snowdonia has increased to 150%. As an economic analyst, you are charged with identifying those sectors of the population worst affected by this inflation event. Which group of people is likely to be worst affected by inflation?
A. pensioners drawing from a "defined contribution" retirement plan
B. disabled veterans living on fixed (non-adjustable) government transfer payments
C. homeowners with a 30 year fixed mortgage
Answer:
The answer is A.
Explanation:
which of the following best describes message flows? Multiple Choicea) message flows are continuous with each poolb) message flows are modeled with solid arrowsc) message flows represent exhcanges between poolssd) message flows may not cross pool boundariese) message flows may not cross lane booundaries
Answer:
message flows are modeled with solid arrows
Explanation:
In Business Process Model and Notation (BPMN), message flows are used in the collaboration diagram to show how two or more distinct processes within the model, communicate and collaborate with each other without any form of central control.
Dash lines together with an empty circle are used for the message flow to show where the message comes from and an empty arrow head is used to show where the message would be terminating in the model.
Message flows, in BPMN, represent the exchanges of messages between different pools or process diagrams. They are represented by dashed arrows and can cross both pool and lane boundaries unlike sequence flows.
Explanation:In the context of Business Process Model and Notation (BPMN), message flows are used to demonstrate the exchange of messages between pools, or between different process diagrams. Therefore, the correct answer to your question is 'message flows represent exchanges between pools'.
Message flows are not restricted by pool or lane boundaries; they can cross these boundaries in order to show interactions between distinct entities. They are typically represented with dashed arrows, not solid ones. This differentiates them from sequence flows, which are depicted with solid arrows and do represent activities within a single pool.
https://brainly.com/question/33328067
A common tactic project managers use when they realize their project is underfunded is to rely on:
A) Political tactics.
B) Intimidation.
C) The kindness of strangers.
D) Asking for forgiveness rather than permission.
Answer:
A) Political tactics.
Explanation:
it is referred to that political behavior that is used to influence the other to gain some interest. Political tactics are used to get help from the sources that hold a strong position in the ruling government. It based on social relationships to making out work possible.
In the given information, the project manager used Political tactics when he realizes that the project may be underfunded.
Final answer:
Project managers commonly use strategic exaggeration, 'rounding up' financial estimates, declaring crises, or leveraging political and stakeholder relationships to manage underfunding issues in their projects.
Explanation:
A common tactic project managers use when they realize their project is underfunded is to rely on various strategies to manage expectations and secure additional resources. These involve careful consideration of how to present the project's needs to those with budgetary control, often with a focus on creating a sense of urgency or leveraging existing relationships. Since the options A) Political tactics, B) Intimidation, C) The kindness of strangers, and D) Asking for forgiveness rather than permission are not specifically detailed in the reference material, we should look at the hints provided.
Project managers may exaggerate the benefits of their proposals to secure more funding or use strategic budgeting practices such as 'rounding up' estimates to create an end-of-year surplus. They might also declare a crisis to prompt more careful financial management or invoke relationships with stakeholders for support. It is important for project managers to be realistic in their proposals to maintain credibility and avoid over-promising and under-delivering.
In situations where political considerations are relevant, skillful negotiation and diplomacy are necessary, especially if the project is enmeshed in local politics or operates in a politically unstable environment. Ultimately, good project management requires transparency, maintaining stakeholder relationships, and a keen understanding of the political landscape.
A local utility company needs to make a decision regarding which tire type to use for the truck it uses when servicing the local electric grid. The time period for the analysis is 6 years. The following assumptions will be used for the analysis: gasoline price of $3.00 per gallon, and 25,000 miles driven per year. Two tire types are available for purchase (need to buy 4 tires for the truck). Type A, a lower quality tire, sells for $250 per tire, the tire is expected to last 50,000 miles, and result in average gasoline use for the truck of 20 miles per gallon. Type B, a higher quality tire, sells for $400 per tire, the tire is expected to last 75,000 miles, and result in an average gasoline use for the truck of 25 miles per gallon. a. Calculate the annual savings in gasoline costs that would result from using Type B instead of Type A.b. For the overall 6-year period, calculate the overall cost (include both the cost of gasoline and the cost of tires) for both tire types, and determine which tire type should be purchased.
Answer:
Explanation:
Using type B
Rate of gasoline use = 25 miles per gallon
In 1 year - 25000 miles
So, gasoline to be spent = 25000/25=1000
Using type A
Rate of gasoline use = 20 miles per gallon
In 1 year - 25000 miles
So, gasoline to be spent = 25000/20=1250
1250 -1000=250
Thus, by using type B, save up 250 gallons and 250*$3 = $750
Total cost of A:
Gasoline costs for year = 1250*3=$3750; for 6 years $22500
Tires last for 2 years (50000/25000), so it needs to be repurchased 3 times
Tire cost = 3*240*4 = $3000
Total Cost = 3000+22500=25500
Total cost of B:
Gasoline costs for year = 1000*3=$3000; for 6 years $18000
Tires last for 3 years (75000/25000), so it needs to be repurchased 2 times
Tire cost = 2*400*4 = $3200
Total Cost = 3200+18000=21200
Type B is cheapest and lasts longer, so it should be purchased
ian's team just had a research breakthrough. They'll need several thousands of dollars to complete the project. Brian has called a series of meetings in which he's promoting the significance of the new discovery, explaining the economic benefits that will result from the final project, and answering questions.
Brian is a(n) ________ within his company.
A) change agent
B) arbitrator
C) manipulator
D) idea champion
E) stress creator
Answer:
D. idea champion
Explanation:
Idea champion -
It refers to the people , who is very enthusiastic in nature and is always ready to motivate and support the team , is referred to as the idea champion.
An idea champion tries to adapt better ideas and tries to implement for the betterment of the team .
Hence, from the given scenario of the question,
The correct option is D. idea champion .