During a routine physical examination on an older female client, a nurse notes that the client is 5 feet, 3/8 inches (1.6 m) tall. The client states, "How is that possible? I was always 5 feet and 1/2? (1.7 m) tall." Which statement is the best response by the nurse?

Answer:

Through straight line method

In year 2020 =3100

In year 2021 = 3100

Through double declining method

In year 2020=6600

In year 2021= 5280

Through activity based

in year 2020=4544

in year 2021=3366

Explanation:

Through straight line method

Formula is (Cost-salvage)/Useful years

So,

Cost of good is $33000

Salvage amount is $2000

Number of useful years 10

Putting the values

(33000-2000)/10

3100

As, this is straight line method, depreciation for the next year (2021) would also remain same. 3100

Through double declining method

Formula is 2* depreciation rate

so, 2* 1/10

double declining rate is 1/5

So, 33000*1/5= 6600

6600 for 2020

Next year (2021),

Now we would subtract the amount of 6600 (already depreciated) from the 33000.

So, 33000-6600= 26400

Applying the rate, 26400*1/5 = 5280

So, next year 5280

Through activity based

we depreciate the truck according to its usage

So, in first year it was used 13800 miles. Maximum it can be used for 100,000 miles

First year 13800/100000= 13.8% used

we depreciate then 33000*13.8%= 4554

So, in 2020 4554

Next year (2021)

It was driven 10200 which is 10200/100000= 10.2%*33000

So, 0.102*33000= 3366

In 2021, depreciation of machine according to the activity based system was 3366

Final answer:

Using the details provided, Country G's national debt per capita calculates exactly to $500, which is indeed within $5 of $500 as per the question's requirement.

Explanation:

You are asking whether the per capita national debt of Country G is within $5 of $500. To answer this, we need to calculate the per capita national debt using the information given in statements (1) and (2).

According to the information provided

Country G's national debt is approximately $43,000,000,000.

Country G's population is approximately 86,000,000.

To calculate the per capita national debt:

Divide the national debt by the population.

The calculation would be $43,000,000,000 / 86,000,000 = $500 per person.

Answer:

All of the above.

Explanation:

Hunter-gatherer societies is a community of people also known as foragers, prehistoric men or early men, existed in the early ages. They hunt for food, they live a nomadic life, they use very crude implements made from things around them both for protection and hunting for food. The did not practice agriculture, they hunt for games.

They allocate according to the norms and values of their environment.

Answer:

B. Studies why people sometimes don't optimize

Explanation:

Behavioral economics is the combination of psychology and economics applied to explain why individuals sometimes behave irrationally and don't make optimal economic decisions.

Behavioral economics takes into account human factors such as emotions, influence etc and cites them as one of the reasons as to why individuals act irrationally sometimes.

For example,most of our buying decision are influenced by what our peers buy and many a times lead us into buying those articles which we don't actually require.

Thus, behavioral economics (C). studies why people sometimes don't optimize.  

Answer:

has a comparative advantage in producing good 1

Explanation:

A country has comparative advantage in production if it produces at a lower opportunity cost when compared with other countries. Country abc has a comparative advantage because it sacrifices fewer quantities of good 2.

Country abc should specialise in production of good 1, while country xyz should import from country abc.

A country has an absolute advantage in the production of a good or service If it produces more quantity of the good compared with other countries.

I hope my answer helps you

The error in the accounting entry would result in the debit total of the trial balance being higher by $270.

In this scenario, a fee of $2,850 earned from a client was debited incorrectly to Accounts Receivable for $2,580 and credited to Fees Earned for $2,850. The correct entry should have been a debit to Cash or Accounts Receivable for $2,850 and a credit to Fees Earned for $2,850.

The error in debiting Accounts Receivable for $2,580 (instead of $2,850) and crediting Fees Earned for $2,850 (instead of $2,580) would result in an imbalance in the accounting equation. The trial balance would have the debit total higher by $270 (the difference between $2,850 and $2,580).

The correct entry should have balanced out the trial balance, but with the error, the debit and credit sides are not equal. Therefore, the answer is option (b) The debit total of the trial balance would be higher by $270.

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The discrepancy between the amounts credited and debited leads to the debit total of the trial balance being higher by the difference of $270. This is because less was debited to Account Receivable than what was actually received resulting in a higher balance on the debit side.

Based on the information given, we understand that a $2,850 fee was debited to Accounts Receivable for $2,580 and credited to Fees Earned for $2,850. Debits increase the balance of asset accounts like Accounts Receivable while credits increase the balance of income accounts such as Fees Earned. However, there seems to be an error as the account was debited and credited differing amounts.

Due to this error, the debit total of the trial balance would be higher by $270 , which is the difference between the amount received and the amount debited. This happens because the debit entry was made for a lesser amount than was actually received, leading to a higher balance on the debit side. Therefore, the correct answer to your question is option (b).

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Answer:

Option 1 is correct because Income is the amount that we receive from our customers when we sell them our product. In this case, the amount should be received was $1000, which the Kelly can use to buy the product she has exchanged its product with the item.

The entry will be contra entry:

Dr    Purchases   $1000

CR                Income   $1000

Answer:

4) The transaction will be treated as a short-term capital asset sale.

Explanation:

This person engaged in a short sale, which is classified as a short term capital asset sale since the holding period was shorter than 1 year (March 15 - December 21).

A short sale takes place when an investor sells property that he either doesn't own, or owns but doesn't want to sell. This sale is done in two steps:

The investor cannot realize any gain or loss until he/she actually returns the stocks to the lender. If the investor managed to buy the stocks at a lower price, he/she will have realized a capital gain.

Answer:

2. more assets are debt financed

3. the ratio of debt to equity increases

Explanation:

We know

The formula of the debt ratio is presented below:  

Debt ratio = Total debt ÷ Total assets  

where,  

Total debt would be  

= Current liabilities + Long term debt

And the total assets = Total debt + owner's equity

So, if the debt ratio is increased so it impacted the more assets for debt-financed plus the debt to equity ratio is also increased.

As the debt ratio increases, more assets are debt financed, and the ratio of debt to equity also increases.

When analyzing the question "As the debt ratio increases," we are looking at the relationship between a company's total debt and its total assets. An increase in the debt ratio implies that the company is financing more of its assets through debt, leading us to the answer:

In summary, the correct statements associated with an increasing debt ratio are that more assets are debt financed, and the ratio of debt to equity increases.

Answer and Explanation:

One-to-many Unary

Answer: Fee simple defeasible.

Explanation:

The estate sales is an example of fee simple defeasible contract, where a property is sold with a conditionality. A fee simple defeasible contract is a kind of property sales contract, where a property is sold on conditionality that if violated, the property would be returned back to the seller.

Answer:

Fee simple defeasible

Explanation:

Fee Simple Defeasible

A fee simple defeasible is a of propertythat has certain conditions attached to it. The holder of a fee simple defeasible possesses the property as long as he or she has met the conditions attached to the property. If the condition is violated or not met, then the property will go back to the original owner. 

Answer:

The Summons.

Explanation:

A summons is a legally binding document provided for different purposes by a judge or by a law administrative agency.

Answer: $105.788

Explanation: property tax amount is calculated by multiplying the assessed value by the tax rate.

Tax rate =0.63% = 0.0063

Assessed value = $201,500

Property tax = tax rate * assessed value

Property tax = $201,500 * 0.0063

Property tax = $1269.45

Property tax is calculated on a yearly basis. Therefore,

Monthly tax=$1269.45÷12=$105.79

Answer:

B, B

Explanation:

If Cuba decides to open up trade with the world grapefruit market, the price of domestic Cuban grapefruit for consumers will Increase because the opening of trading with the world will decrease amount of grapefruit available for the people in Cuba thereby creating shortage which will lead to increase in price. Cuban exports of grapefruits will Increase by virtue of opening to the rest of the world.

Answer:

b) a loss contingency of $5,400,000 and disclose an additional contingency of up to $3,600,000.

Explanation:

There are 2 conditions that must be met in making provisions, as stated by the International Accounting Standards (IAS 37). They are:

1. Present Obligation

2. Are outflows probable (i.e. more likely than not)

3. Can the outflows be reliably measured.

1. Present Obligation

In the given scenario, it was mentioned that there is a present obligation because ''Coronado Industries is being sued for illness caused to local residents as a result of negligence on the company's part'' hence this already informs that there is an obligation.

2. Are outflows probable (i.e. more likely than not)

From the scenario, it can be gathered that outflows are probable because the lawyer has stated ''it is probable that Coronado will lose the suit and be found liable'' that implies that there is a liability to be recognised

3. Can the outflows be reliably measured.

It is stated in the scenario that ''However, the lawyer states that the most probable cost is $5,430,000'' Hence, this represents a reliable estimate.

Furthermore, the other likely fraction in the worse case scenario should be shown in the disclosures or additional information.

Answer:

Trade can make every one better off

Explanation:

In economics, trade is considered as an important tool to make everyone better off. Before the paper currency, people used to trade goods and services in exchange for goods and services and the concept is called barter trade.  Megan has opted for the concept of economics which is called trade can make everyone better off.

Answer:

Equilibrium price would fall

Equilibrium quantity would remain unchanged

Explanation:

A perfectly inelastic demand means the quantity demand doesn't change regardless of changes in price.

If supply increases, equilibrium price falls while quantity remains unchanged.

Refer to the image attached for a graphical explanation.

I hope my answer helps you

Final answer:

With a perfectly inelastic demand curve for medical care services, an increase in supply will lower the equilibrium price, while the equilibrium quantity remains unchanged.

Explanation:

When the demand curve for a good or service is perfectly inelastic, it means that consumers' quantity demanded does not change in response to a change in price. In the context of medical care services, if the supply of these services increases, the usual expectation would be for the equilibrium price to fall and the equilibrium quantity to increase. However, because we have a perfectly inelastic demand, the equilibrium quantity remains constant regardless of any changes in supply.

Therefore, the increase in supply will lead to a decrease in the equilibrium price of medical care services, but the quantity of services consumed will stay the same. This is because, in the case of perfectly inelastic demand, consumers are willing to pay any price for the same quantity due to the necessity or lack of substitutes for the service.

Answer:

True

Explanation:

Equilibrium exists when there are no remaining opportunities for individuals to make themselves better off. In this case, equilibrium will be reached once the students divide themselves between both classrooms and all of them are able to sit on chairs and see the chalkboard.

Answer:

Decreased

Explanation:

Liquidity or current ratio =  Current Assets / Current liabilities

If the current asset has been decreased and the current liabilities has been increased then the answer would be higher than before.

The current ratio tells the same and the only difference written above and in current ratio is that the above mentioned Answer is conceptual based whereas current ratio uses numerical values of current assets and current liabilities written in the balance sheet.

Current ratio tells us that whether or not the company is able to meet its short term liabilities (Current Liabilities) using its short term asset (Current Assets).

Remember that the current assets are the assets that are convertible to cash within next 12 months. Whereas current liabilities are the liabilities which we have to pay in cash within the next 12 months.

Answer:

special assessment tax levy cost = $247.68

Explanation:

given data

market value = $144,000

assessment ratio = 40%

levy cost = 4.3 mill

solution

we first get here assessed value  that is express as

assessed value = market value ×   assessment ratio   ................1

put here value we get

assessed value = $144,000 × 40%

assessed value =  $57,600

so now we get special assessment tax levy cost

special assessment tax levy cost = assessed value × levy cost

special assessment tax levy cost = $57,600 × 0.0043

special assessment tax levy cost = $247.68

Final answer:

To find the annual cost of the 4.3 mill special assessment tax for Davis, you multiply 40% of the property's market value, which is the assessed value, by the mill rate in decimal form.

Explanation:

To calculate the annual cost of a 4.3 mill special assessment tax levy for Davis's property, first determine the assessment amount based on the market value of the property.

1. Determine the assessed value of the property: 40% of the $144,000 market value equals $57,600.

2. Convert the mill rate to decimal form: 1 mill = 0.001, so 4.3 mills = 0.0043.

3. Calculate the annual tax cost: Assessed Value ($57,600) × Mill Rate (0.0043) = $247.68.

The annual cost of the special assessment tax levy for Davis will be $247.68.

Answer:

Total production of bread will be 12 loaves, and the total production of cake will be 8 units

Explanation:

Firstly, let's calculate the comparative advantage of both Sarah and Kate. It is evident Sarah has absolute advantage over Kate. However, the difference is significantly lower when comparing cakes, rather then comparing their bread rates. It is evident the productivity would be maximized if Sarah produced just bread, and Kate produced just cakes. That means they would use their maximum capacity for those goods.

Therefore, the total daily production of bread would be 12 loaves (Sarah's capacity), while the total daily production of cake would be 8 units (Kate's capacity).

Answer:

Ruth keeps account of her family's expenses. She keeps track of the entire family's needs and discusses with other family members about what products need to be bought. She realizes that the family requires a bigger refrigerator and discusses this with her parents. She collects information about refrigerators from various brands so that her parents can make an informed decision.

Purchaser

Explanation:

Her parents does the purchase so she needs to inform them about the latest to be bought.

Answer:

Start-up cost

Explanation:

The $170 is usually referred to as Start-up cost. Start-up costs are the expenses incurred during the creation process of a new business. All companies are different and various types of start-up costs are expected.

Answer:

a) For this case we have just one possibility out of 1200 births, since the other possiblities for the number of girls in 1200 are {1,2,3,......,607,609,610,.....,1200}, so then the probability for 698 is just :

[tex] p=\frac{1}{1200}=0.000833[/tex]

And since the probability is <0.05 we can consider the event unlikely.

b) If the number observed is similar than the expected value we can consider the event not unusual.

The expected value for this case since we have a sample 1200 and assuming the probability of being girl 0.5 then the expected value would be:

[tex] E(X) = n*p = 1200*0.5 = 600[/tex]

So as we can see 608 is not far away from the expected value so then we can consider the event NOT unusual

Explanation:

For this case we need to remember that an event is unlikely if the probability is very small for example <0.05. The complement for the event would be the probability for how likely is.

For this case we have the following event: A="In 1200 births selected exactly 698 of the births are girls"

Part a

For this case we have just one possibility out of 1200 births, since the other possiblities for the number of girls in 1200 are {1,2,3,......,607,609,610,.....,1200}, so then the probability for 698 is just :

[tex] p=\frac{1}{1200}=0.000833[/tex]

And since the probability is <0.05 we can consider the event unlikely.

Part b

If the number observed is similar than the expected value we can consider the event not unusual.

The expected value for this case since we have a sample 1200 and assuming the probability of being girl 0.5 then the expected value would be:

[tex] E(X) = n*p = 1200*0.5 = 600[/tex]

So as we can see 608 is not far way from the expected value so then we can consider the event NOT unusual

Answer:

Explanation:

5 characteristics of project:

change - projects are used to change an existing process. For example, project to improve the performance of existing software will bring change in working of software

temporary - project is temporary, it is held to achieve some results or bring change and has a completion time

cross-functional - it involves people from various departments and backgrounds

uncertainty - every project has an element of uncertainty. There are no guarantees

unique - there are no absolutely similar projects

Answer:

They use CLOUD COMPUTING

Answer:

(2) There was a decrease in demand and an increase in supply

Explanation:

For a movie studio, a decline in attendance suggests that demand for showtime (movies) had declined. If demand had increased, there would have been an increase in attendance at the movies. If demand had remained the same, attendance would have remained unchanged too with no increase or decrease.

However, the decline in the average ticket price suggests that supply of movies had most likely increased (it could also be the case that studios decrease prices in a bid to attract customers in the face of dwindling demand). An increase in average ticket price would have suggested that lower movies were available or demand was higher than supply.

Answer:

2. There was a decrease in demand and an increase in supply.

Explanation:

If the latest data from the movie studios reveals that attendance at movies has declined as well as the average ticket price, then this could possibly have happened as a result of 2 things:

1. A DECREASE IN DEMAND: This is very obvious because it is stated clearly that 'attendance at movies have declined'' that means people no longer go to movies as they used, at least some people may not even be going anymore.

2. INCREASE IN SUPPLY: The second reason might be less obvious but it can be recalled that one of the major reasons in economics that triggers a price drop is 'increase in supply'. In the scenario, the fact that average ticket price across board have declined points more in the direction of increase in supply.

Answer:

To achieve their goal, they will need to invest $30,684.111 today

Explanation:

The value of money always reduces as time moves due to inflation. Therefor if we were to compare the current value of money now and maybe ten year ago, we notice that the value ten years ago was higher than the current value.  It was determined the amount of money used to buy a piece of property now was higher than the amount of money used to buy the same property ten years ago. In our case above, we need to determine the present value of the future cash flows that will be needed to be invested today in order to meet the child's college education. This can be achieved as follows using the formula below;

P.V=C/(1+r)^n

where;

P.V=present value=unknown

C=future cash flows=$20,000 per year

r=rate of return=8%=8/100=0.08

n=number of year

Year                                 Present Value                         Result

11                                   {20,000/(1+0.08)^11}                 8,577.657

12                                  {20,000/(1+0.08)^12}                7,943.275

13                                  {20,000/(1+0.08)^13}                7,353.958

14                                  {20,000/(1+0.08)^14}                6,809.221

Total=(8,577.657+7,943.275+7,353.958+6,809.221)=$30,684.111

To achieve their goal, they will need to invest $30,684.111 today

Answer:

It illustrates that the classical model of the price level best applies to economies with persistently high inflation.

Explanation:

When a very low inflation rate has been constant in an economy, and the money supply increases suddenly, in the short run that change will not immediately increase the inflation rate, but instead it will increase real output.

Classical economists argue that an increase in the money supply will immediately affect the inflation rate, but that theory applies mostly to economies that have a certain level of inflation. For example, for the past 12 years, European nations have been experiencing very low inflation rates, sometimes even negative rates. But during that same period, the European Central Bank has carried on a huge expansionary policy. It favored economic growth, although not as much as expected, but it didn't skyrocket inflation rate as the classical economy model predicted.

Final answer:

An increase in the money supply initially expands output in contradiction to the classical model, but in the long run, the Keynesian model suggests output returns to potential as wages adjust, while the rational expectations theory suggests immediate adjustments keep output constant with only prices rising.

Explanation:

When there is a large increase in the money supply in an economy that had low inflation, it supports a short-term expansion in aggregate output. This scenario suggests a deviation from the classical model of the price level, which posits that changes to the money supply only affect price levels, not real output. In the short run, according to the Keynesian model, an increase in the money supply shifts the aggregate demand curve to the right, leading to increased output and price levels (inflation). However, in the long run, nominal wages adjust, causing the short-run aggregate supply to decrease and thus returning the real GDP to its potential output, without changing the long-run output. The rational expectations theory suggests a different outcome; it proposes that people anticipate the inflation caused by an increased money supply, leading to immediate wage adjustments and thus keeping the real GDP at its potential level without changing output, but with higher prices.

Answer:

Costs are subtracted from revenues.

Explanation:

As we know  

Profit is calculated when the cost is subtracted from revenues.  

In mathematically,  

The profit = Revenues - cost  

The profit which would be calculated above is shown in the debit side of the income statement.  

As the income statement records all the expenses or cost incurred and all the revenues which are generated

Profit is the difference between total revenue and total costs, which includes both explicit and implicit costs. Accounting profit considers only explicit costs, while economic profit includes both. Calculating profit provides insight into the financial health of a business.

Profit is calculated by subtracting costs from revenues. Specifically, accounting profit is found by taking total revenue and subtracting explicit costs, which are the tangible expenses like wages and materials. In contrast, economic profit accounts for both explicit and implicit costs, which include unmeasured costs such as opportunity costs. To determine true economic profit, it is crucial to subtract both types of costs from total revenues. For example, if a company has total revenues of $200,000, explicit costs of $85,000, and implicit costs of $125,000, the economic profit would be -$10,000 per year, indicating a loss. Total cost involves all expenditures required for production and selling the company's products, and it can differ in the short run versus the long run.