On September 30, Valerian Co. had a $110,000 balance in Accounts Receivable. During October, the company collected $110,390 from its credit customers. The October 31 balance in Accounts Receivable was $104,000. Determine the amount of sales on account that occurred in October.

Answers

Answer 1

Answer:

The correct answer is $104,390.

Explanation:

According to the scenario, the given data are as follows:

Accounts receivable on Sep.30 =  $110,000

Collected amount in Oct. = $110,390

Accounts receivable on Oct.31 = $104,000

So, we can calculate the sales on account in October by using following formula:

Sales = Closing Balance + Amt received from Creditor - Opening Acct Receivable

= $104,000 + $110,390 - $110,000

= $104,390

Hence, the sales on account during October is $104,390.

Answer 2

Final answer:

The sales on account for Valerian Co. in October were calculated by starting with the opening balance of Accounts Receivable, adding the October sales on account, and subtracting the collections from customers to determine the ending balance. The sales on account were found to be $104,390.

Explanation:

To determine the amount of sales on account that occurred in October for Valerian Co., we need to analyze the changes in the Accounts Receivable balance. We start with the opening balance of Accounts Receivable, add the sales on account, and then subtract the collections from customers to arrive at the ending balance.

Here is the calculation step-by-step:

Opening Balance (September 30): $110,000Collections (During October): $110,390Ending Balance (October 31): $104,000To find the sales on account, we add the Opening Balance and the Sales on Account, and subtract the Collections, which will give us the Ending Balance. This relationship can be represented as follows: Opening Balance + Sales on Account - Collections = Ending Balance.Rearrange the equation to solve for Sales on Account: Sales on Account = Ending Balance + Collections - Opening Balance.Plug in the values: Sales on Account = $104,000 + $110,390 - $110,000 = $104,390.

Therefore, the amount of sales on account that occurred in October was $104,390.


Related Questions

In Step 1 of developing an EFE​ Matrix, how many opportunities and threats should be included in the full and narrow​ lists, respectively? A. ​200, 20 B. ​100, 20 C. ​50, 10 D. ​200, 10 E. ​100, 10

Answers

Answer:

Option B. ​100, 20

Explanation:

The full list should not be more than 100 because we would not like to have any opportunity/threat having less than 1% contribution so The sum of percentages should be 100.

At least 20 opportunities and threats should be there in the narrow list.

Barb is trying to take control of her time by using an online time tracking system that tracks her time spent on tasks and projects. She heard that if you do something for seven weeks it becomes a habit. The activity in our brain that decides whether a behavior should be repeated and stored is ______.

Answers

Answer:

Habit Loop

Explanation:

Habit Loop -

It is a type of loop , which runs in the brain of the human being , and functions to govern the habit , is referred to as habit loop .

The habit loop has three components , i.e. , reward , routine , and cue  .

The proper knowledge of these components enables the person to have command of their habits and can easily remove the bad habits and inculcate the good ones .

Hence , from the given scenario of the question,

The correct term is habit loop .

A student's bank statement reflects $1,600 at month end. The student's checkbook, before reconciling, reflects $1,500. The student has $5 of interest on the bank statement which has not been posted to his/her checkbook, deposits in transit of $100, and outstanding checks of $195. What is the reconciled bank balance?

a. $1,400
b. $1,520
c. $1,510
d. $1,505

Answers

Answer:

$1505

Explanation:

Bank reconciliation is done to agree cash balance in the book with balance in the bank statement.

In reconciling these amounts, some items are added and some subtracted.

In this case, three items are needed to be reconciled: interest of $5, deposit in transit of $100 and outstanding check of $195.

Starting with the bank statement balance, only items that have not been registered in the account will be considered. Hence, $5 interest will not be considered because it has been included in the unadjusted bank balance already.

For the other two items, the treatment is as follows: deposit in transit is added to bank balance and uncleared check subtracted.

                                                                  $

Bank Balance                                         1600

Add: Deposit in transit                           100

Subtract Outstanding check                (195)

Balance per adjusted bank balance    1505

Answer:

1600

Explanation:

Balance As per Checkbook                                                              =  1500

Add: checks issued but not presented in bank                               =  195

Add: Interest Income not recorded in books                                   =    5

Less: Depsits recorded in books but not presented in books       =   (100)    

Balance As per bank statement                                                        = 1600

25,000 shares reacquired by Elixir Corporation for $53 per share were exchanged for undeveloped land that has an appraised value of $1,700,000. At the time of the exchange, the common stock was trading at $62 per share on an organized exchange. Prepare the journal entry to record the acquisition of land assuming that the purchase of the stock was originally recorded using the cost method. (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.)

Answers

Answer:

XX date. Acquisition of land in exchange for treasury stock.

Dr Land $1,550,000

    Cr Treasury Stock $1,325,000

    Cr Paid in Capital $225,000

Explanation:

Since the corporation uses the cost method, the transaction is recorded at purchase value regardless of current stock price.

treasury stock = 25,000 x $53 = $1,325,000

paid in capital = ($62 - $53) x 25,000 = $225,000

cost of the land = $1,325,000 + $225,000 = $1,550,000

A real estate agent is considering changing her cell phone plan. There are three plans to choose from, all of which involve a monthly service charge of $20. Plan A has a cost of $.42 a minute for daytime calls and $.17 a minute for evening calls. Plan B has a charge of $.52 a minute for daytime calls and $.15 a minute for evening calls. Plan C has a flat rate of $80 with 275 minutes of calls allowed per month and a charge of $.38 per minute beyond that, day or evening.a. Determine the total charge under each plan for this case: 150 minutes of day calls and 70 minutes of evening calls in a month. (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)b. If the agent will use the service for daytime calls, over what range of call minutes will each plan be optimal? (Round each answer to the nearest whole number.Include the indifference point itself in each answer.)c. Suppose that the agent expects both daytime and evening calls. At what point (i.e., percentage of total call minutes used for daytime calls) would she be indifferent between plans A and B?

Answers

Answer:

req 1)

Plan A

0.42 x 150 + 0.17 x 70 = 74.9

Plan B

0.52 x 150 + 0.15 x 70 = 88.5

Plan C  $80

req 2)

from 0 to 190 minutes Plan A

from 191 and beyond Plan C

req 3)

the proportion should be 1/6 daycalls and 5/6 evenings

Explanation:

150 day calls

70 minutes evening calls

Plan A

0.42 x 150 + 0.17 x 70 = 74.9

Plan B

0.52 x 150 + 0.15 x 70 = 88.5

Plan C  $80

2) A will be preferable to B as it has the lower cost

now at some point C will be better as the cost is a flat rate

80 dollars / 0.42 per minute = 190.47

3) 0.42X + 0.17Y = 0.52X + 0.15Y

a minute of daycall is 10 cent higher in plan B

while a minute of evening call is 2 cent lower

thus, to balance there was to be 5 times more evening call than day times:

1:5 1 + 5 = 6

the proportion should be 1/6 daycalls and 5/6 evenings

Final answer:

The total charge for the real estate agent's cell phone use with Plan A is $94.90, with Plan B is $108.50, and with Plan C is $80, given that usage doesn't exceed the allotted 275 minutes. To optimize plan selection or determine indifference points, further calculations are needed involving the rates and usage.

Explanation:

To determine the total charge under each cell phone plan for 150 minutes of daytime calls and 70 minutes of evening calls:

Plan A: $20 + (150 minutes * $0.42) + (70 minutes * $0.17) = $20 + $63 + $11.90 = $94.90Plan B: $20 + (150 minutes * $0.52) + (70 minutes * $0.15) = $20 + $78 + $10.50 = $108.50Plan C: If the total minutes (220) are within the 275 allowed, the flat rate of $80 applies, else there's an additional charge. Here, 220 minutes < 275, so the charge is just $80.

To determine over what range of call minutes each plan is optimal and the point where the real estate agent would be indifferent between plans A and B, we need to perform calculations that might involve constructing equations based on the given minute rates and comparing total costs or calculating the marginal utilities of each plan.

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Mountaineer excavation operates in a low-lying area that is subject to heavy rains and flooding. because of this, mountaineer purchases one year of flood insurance in advance on march 1, paying $36,000 ($3,000/month).
Required:
1. Recore the purchase of insurance in advance on March,1.
1. Record the adjusting entry on December, 31.

Answers

Answer:

1. Recore the purchase of insurance in advance on March,1.

Debit Prepaid Insurance $36,000

Credit Cash $36,000

2. Record the adjusting entry on December, 31.

Debit Insurance Expense $30,000

Credits Prepaid Insurance $30,000

Explanation:

Mountaineer excavation purchases one year of flood insurance in advance on March 1, paying $36,000 ($3,000/month). The company records the insurance as the prepaid Insurance:

Debit Prepaid Insurance $36,000

Credit Cash $36,000

On December, 31, the last day of the following 10 months, the company records an adjusting entry that Credits Prepaid Insurance for $30,000 ($3,000/month times the 10 months) and Debits Insurance Expense for $30,000

Debit Insurance Expense $30,000

Credits Prepaid Insurance $30,000

1. Record of the purchase of insurance in advance on March,1 as Debit Prepaid Insurance $36,000 &  Credit Cash $36,000.

2. Record the adjusting entry on December, 31 as Debit Insurance Expense $30,000 & Credits Prepaid Insurance $30,000.

1. The journal entry above records the payment of $36,000 for one year of flood insurance coverage.

It debits the Insurance Expense account (or Prepaid Insurance account) to recognize the expense and credits the Cash account to reflect the payment made.

Thus, the journal entry would look like this

                                 Debit                                          Credit

Prepaid Insurance  $36,000

Cash                                                                          $36,000

2.  Mountaineer Excavation would need to recognize the portion of the prepaid insurance that has been used up.

Since the insurance was purchased on March 1 and covers a period of one year, by December 31, 10 months’ worth of insurance has been used up. At a rate of $3,000 per month, this amounts to $30,000.

Thus, the journal entry would look like this

                                   Debit                                              Credit

Insurance Expense   $30,000

Prepaid Insurance                                                           $30,000

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The quantity supplied of coffee beans decreases when: a. Average annual rainfall decreases due to a drought in Central and South America b. The price of coffee beans falls c. The price of tea rises. d. A labor union for coffee bean pickers forms and wages rise

Answers

Answer:

b. The price of coffee beans falls 

Explanation:

Only a decrease in price of coffee beans would lead to a fall in the quantity supplied of coffee beans.

This is in line with the law of supply which says: The higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

The other factors listed in the options would lead to a fall in supply and not quantity supplied.

I hope my answer helps you

Challenger Factory produces two similar products: regular widgets and deluxe widgets. The total factory overhead budget is $630,400 with 330,800 estimated direct labor hours. Deluxe widget production requires 4 direct labor hours for each unit, and regular widget production requires 6 direct labor hours for each unit.

Answers

Final answer:

Economies of scale and widget production costs.

Explanation:

Economies of scale refer to the cost advantages that a business can achieve by increasing its output. In the case of Challenger Factory, producing more units of widgets can lower the average cost per unit due to economies of scale.

Calculating the costs for regular and deluxe widgets based on direct labor hours can help determine the optimal production quantities and cost structures for each type of widget.

Understanding the relationship between production volume, costs, and pricing can assist in making informed decisions regarding maximizing efficiency and profitability in widget production.

Baxley Brothers has a DSO of 26 days, and its annual sales are $6,205,000. What is its accounts receivable balance? Assume that it uses a 365-day year. Round your answer to the nearest cent.

Answers

Answer:

The receivable balance is $ 442,000

Explanation:

The DSO is the abbreviation for Days Sales Outstanding and is referred to in no of days.

Based on the data in the question, the average daily sales is $ 6,205,000/ 365 days.

$ 6,205,000 / 365 days =   $ 17,000 per day

If the DSO is 26 days, we need to multiply the average daily sales by the number of days to get the receivable balance

$ 17,000 *DSO of 26 =  $ 442,000

When supply is > demand for a business is: a. High profit b. Customer dissatisfaction impact c. Ideal d. Wasteful/Costly

Answers

Answer:

The correct answer is letter "B": Customer dissatisfaction impact.

Explanation:

Customer dissatisfaction arises when the good or service provided by a company does not meet the needs of the consumers. The direct result of this situation is reflected in the quantity demanded of the product in reference, provoking an overload of supply since the buyers start purchasing less every time.

Juniper Design Ltd. of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of $450,000 on sales of $1,200,000. The company’s average operating assets for the year were $1,400,000 and its minimum required rate of return was 13%.

Required:

Compute the company’s residual income for the year.

Answers

Answer:

$268,000

Explanation:

Given that,

Last year net operating income = $450,000

Sales = $1,200,000

Average operating assets = $1,400,000

Minimum required rate of return = 13%

Minimum required return:

= 13% × Average operating assets

= 0.13 × $1,400,000

= $182,000

Therefore,

Residual income:

= Net operating income - Minimum required return

= $450,000 - $182,000

= $268,000

Final answer:

Juniper Design Ltd.'s residual income for the year can be calculated by subtracting the product of its average operating assets and its minimum required rate of return from the net operating income, which results in a residual income of $268,000.

Explanation:

To calculate the residual income of Juniper Design Ltd., we need to first find the company's net operating income, subtract the product of the minimum required rate of return and the average operating assets. Given that the net operating income is $450,000, the average operating assets are $1,400,000, and the minimum required rate of return is 13%, the calculation is as follows:

Minimum required return on assets = Average operating assets × Minimum required rate of return

= $1,400,000 × 13%

= $182,000

Residual income = Net operating income - Minimum required return on assets

= $450,000 - $182,000

= $268,000

Therefore, the residual income for Juniper Design Ltd. is $268,000 for the year.

How relevant are references when information about an applicant can be easily located through an online search of blogs, social networking sites, and news sources?

Answers

Answer:

References are former colleagues and supervisors who can vouch for your performance in past companies where you worked. References are the best way an employer can get information on past work experience, performance, and work ethic

It is a way to also cross-check the information given by the applicant for accuracy. They also give insight on your skills, strengths, and achievements.

Explanation:

For fiscal year 2016, Nancy calculated the following costs for Choco-rama’s manufacturing process. Beginning work in process inventory, $22,655 Ending work in process inventory, $28,207 Beginning raw materials inventory, $42,385 Ending raw materials inventory, $44,299 Raw materials purchased, $387,521 Office supplies purchased and used, $15,274 388,400 man-hours of factory labor incurred at $23.60/hour 14,200 man-hours of factory oversight labor incurred at $28.75/hour Administrative salaries, $392,000 Factory utilities, $18,500 Factory depreciation, $9,700 Factory repairs, $15,400

Answers

Answer:

The Cost of Manufactured Goods                                                   9,998,145

Explanation:

The question is to determine Choco-rama's Cost of Goods Manufactured for the 2016 Fiscal Year.

CHOCO RAMA COST OF GOODS MANUFACTURED FOR THE 2016 FISCAL YEAR

Description                                                  Amount ($)             Amount ($)

Opening Inventory of Raw materials                                             42,385

Add: Purchase of raw materials                                                     387,521

Direct raw materials available                                                       429,906

Subtract: Closing raw materials                                                      (44,299)

Raw materials in Production                                                          385,607

Add:

Direct labour  ($388,400 x $23.60)                                                9,166,240

Manufacturing overhead                                                                  451,850                      

The total manufacturing costs                                                       10,003,697

Add: Opening Work-in-Progress                                                      22,655

                                                                                                         10,026,352

Subtract: Closing work-in-progress                                                  (28,207)

The Cost of Manufactured Goods                                                   9,998,145

                                           

 

Matt Bennett wishes to have $ 110 comma 000 in six years. If he can earn annual interest of 8​%, how much must he invest​ today?

Answers

Answer:

he invest​ today is $229166.67

Explanation:

given data

future value = $110,000

time t = 6 year

rate r = 8 % = 0.08

to find out

present value

solution

we get here present value that is

future amount = principal × rate × time .................1

$110,000 = principal × 8% × 6

$110,000 = principal × 0.08 × 6

$110,000 = principal × 0.48

principal = [tex]\frac{110000}{0.48}[/tex]  

principal = 229166.67

so he invest​ today is $229166.67

A 10-year maturity bond with par value of $1,000 makes annual coupon payments at a coupon rate of 12%. Find the bond equivalent and effective annual yield to maturity of the bond for the following bond prices. (Round your answers to 2 decimal places.)a. Find the bond equivalent and effective annual yield to maturity of the bond if the bond price is $940. Bond equivalent yield to maturity %
Effective annual yield to maturity % b. Find the bond equivalent and effective annual yield to maturity of the bond if the bond price is $1,000. Bond equivalent yield to maturity %
Effective annual yield to maturity % c. Find the bond equivalent and effective annual yield to maturity of the bond if the bond price is $1,040. Bond equivalent yield to maturity %
Effective annual yield to maturity %

Answers

Answer:

a) 13.11%

b) as the price matches the bond rate it will be 12%

c) 11.31%

Explanation:

We should calcuate usig excel for the rate which makes the present value of the coupon payment and discounted maturity:

A) PV of the coupon payment (PV of an annuity)

[tex]C \times \frac{1-(1+r)^{-time} }{rate} = PV\\[/tex]

C $1,000 x 12% = 120.000

time 10

rate 0.1311 (finded with excel)

[tex]120 \times \frac{1-(1+0.1311)^{-10} }{0.1311} = PV\\[/tex]

PV $648.2804

PV of the maturity (PV of a lump sum)

[tex]\frac{Maturity}{(1 + rate)^{time} } = PV[/tex]  

Maturity   1,000.00

time   10.00

rate  0.1311(finded with excel)

[tex]\frac{1000}{(1 + 0.1311)^{10} } = PV[/tex]  

PV   291.72

PV c $648.2804

PV m  $291.7198

Total $940.0002

For C  we do the same with a present value of 1,040 dollars

[tex]C \times \frac{1-(1+r)^{-time} }{rate} = PV\\[/tex]

C 120.000

time 10

rate 0.113118875

[tex]120 \times \frac{1-(1+0.113118874891792)^{-10} }{0.113118874891792} = PV\\[/tex]

PV $697.5599

[tex]\frac{Maturity}{(1 + rate)^{time} } = PV[/tex]  

Maturity   1,000.00

time   10.00

rate  0.113118875

[tex]\frac{1000}{(1 + 0.113118874891792)^{10} } = PV[/tex]  

PV   342.44

PV c $697.5599

PV m  $342.4400

Total $1,040.0000

If the value of an investment is $1500 in 12 years and the interest rate is 6%, how much is the investment worth now?

Answers

Answer:

$745.45

Explanation:

The expression that describes the future value of an investment (P) at an annual rate (r) for a period of n years, compounded annually is:

 [tex]FV = P*(1+r)^n[/tex]

If the future value of an investment is $1,500 after 12 years at a rate of 6%, the present value (P) is:

[tex]1500 = P*(1+0.06)^{12}\\P=\$745.45[/tex]

The investment is worth $745.45 today.

Assuming Net Income for the year is $230,000, what is the net cash flows from operating activities given the following information: Increase in Salaries Payable: $17,000 Depreciation Expense: $5,000 Increase in Prepaid Rent: $29,000 Loss on sale of asset: $1,150 Increase in Accounts Payable: $31,000 Increase in Inventory: $82,000a. $234,950 b. $242,450 c. $205,450 d. $324,050

Answers

Answer:

$173,150

Explanation:

Given that,

Increase in Salaries Payable = $17,000

Depreciation Expense = $5,000

Increase in Prepaid Rent = $29,000

Loss on sale of asset = $1,150

Increase in Accounts Payable = $31,000

Increase in Inventory = $82,000

Net cash flows from operating activities:

= Net income + Increase in Salaries Payable + Depreciation Expense - Increase in Prepaid Rent + Loss on sale of asset + Increase in Accounts Payable - Increase in Inventory

= $230,000 + $17,000 + $5,000 - $29,000 + $1,150 + $31,000 - $82,000

= $173,150

Therefore, the net cash flows from operating activities is $173,150.

In 2008, Upper Crust had cash flows from investing activities of −$270,000 and cash flows from financing activities of −$163,000. The balance in the firm's cash account was $86,000 at the beginning of 2008 and $118,000 at the end of the year. What was Upper Crust's cash flow from operations for 2008?
A- $118,000
B- $465,000
C- $32,000
D- $433,000

Answers

Answer:

Cash flows from operating activities = $465,000

so correct option is B- $465,000

Explanation:

given data

investing activities = - $270,000

cash flows = - $163,000

cash account at the beginning = $86,000

cash account at the end of year = $118,000

solution

we get here Cash flows from operating activities that is express as

Cash flows from operating activities = closing cash balance - (cash flows from financing activities + cash flows from investing activities + beginning cash balance)    .....................1

put here value and we get

Cash flows from operating activities = $118,000 - (-$163,000 - $270,000 + $86,000)  

Cash flows from operating activities = $465,000

Ivanhoe Co. reports net income of $78,000. Partner salary allowances are Pitts $10,000, Filbert $3,000, and Witten $5,000. Indicate the division of net income to each partner, assuming the income ratio is 52 : 22 : 26, respectively. quiz

Answers

Answer:

52 : 22 : 26 getting $31,200, $13,200,  and $15,600

Explanation:

In a partnership, the salaries earned by the partners are treated like salaries paid to third parties. As such, these salaries are deducted from the net income of the partnership before the sharing formula is applied to determine what each partner gets.

Total salaries paid = $10,000 + $3,000 + $5,000

= $18,000

Net profit to be shared = $78,000 - $18,000 = $60,000

Total of all ratios = 52 + 22 + 26 = 100

Division of net income to each partner is as follows;

Partner 1 = (52/100) × $60,000 =$31,200

Partner 2 = (22/100) × $60,000 =$13,200

Partner 3 = (26/100) × $60,000 =$15,600

Hence the partners share at the ratio 52 : 22 : 26 getting $31,200, $13,200,  and $15,600

Final answer:

The division of net income from Ivanhoe Co. for the partners would be: Pitts $40,560, Filbert $17,160, and Witten $20,280, determined by their respective income ratios.

Explanation:

To determine the division of net income to each partner, you must first calculate the total partnership income ratio using the provided ratios for Pitts, Filbert, and Witten, which are 52, 22, and 26 respectively. The total income ratio is the sum of these numbers, which is 100 (52 + 22 + 26).

For the division of net income, multiply each partner's ratio by the total net income. Ivanhoe Co. reported a net income of $78,000. Pitts' share will be 52/100 x $78,000 = $40,560. Filbert's share will be 22/100 x $78,000 = $17,160. Witten's share will be 26/100 x $78,000 = $20,280.

Please note that in real-life situations, these calculations are often accomplished after the salary allowances have been distributed. However, in this question, we have simply dealt with the distribution based on the income ratio, as directed.

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What is the present value of an annuity of $6,000 per year, with the first cash flow received three years from today and the last one received 25 years from today? Use a discount rate of 7 percent.

Answers

Answer:

The present value will be of 85,714.29 dollars

Explanation:

We write the formula for the annuity and then, we place the values for our case:

[tex]C \times \frac{1-(1+r)^{-time} }{rate} = PV\\[/tex]

C 6,000.00

time 2500

rate 0.07

[tex]6000 \times \frac{1-(1+0.07)^{-2500} }{0.07} = PV\\[/tex]

PV $85,714.2857

The present value will be of 85,714.29 dollars

The year-end financial statements of Greenway Company contained the following elements and corresponding amounts: Assets = $23,000; Liabilities = ?; Common Stock = $5,300; Revenue = $11,600; Dividends = $900; Beginning Retained Earnings = $3,900; Ending Retained Earnings = $7,300.

The amount of liabilities reported on the end-of-period balance sheet was
A. $11,200.
B. $10,400.
C. $13,800.
D. $9,200.

Answers

the correct answer is a

The scientific method ________. results in conclusions based on speculation cannot prove a hypothesis to be true results in the proving of a theory now has been replaced by a widely accepted shortcut that is less time-consuming and less expensive involves testing observations to derive a working hypothesis Section: 1.3 Bloom's Taxonomy: Knowledge/Comprehension

Answers

Answer:

The correct answer is letter "B": cannot prove a hypothesis to be true.

Explanation:

The scientific method is the proper procedure or instrument of science to obtain an explanation of things. Thanks to the scientific method it is possible to manage, combine, and use those things. Besides, it allows us to prove if a hypothesis deserves to be considered a Law. Without proof, the scientific method cannot prove if a hypothesis is true.

Jason, a police officer, strongly believes in justice and does not accept bribes from others. According to Kohlberg's stages of moral development, Jason is operating at the _____
A) preconventional level of moral development
B) postconventional level of moral development
C) conventional level of moral development
D) unconventional level of moral development

Answers

Answer:

postconventional level of moral development

Explanation:

Kohlberg's postconventional level of moral development says people now realise that some soceital laws are unjust and needs to change. They realise that people can disobey soceital norms based on their personal principles.

Principles could include human rights, justice, freedom of speech among others.

In this instance Jason has a strong sense of justice and this makes him not to collect bribes.

Final answer:

Jason is operating at the postconventional level of moral development according to Kohlberg, as he upholds justice over potential bribes and societal norms.

Explanation:

Jason, a police officer who strongly believes in justice and does not accept bribes, is exhibiting a moral standpoint that suggests he is operating at the postconventional level of moral development in Kohlberg's theory. This level is characterized by the capacity to think of morality in abstract terms and an understanding that legality and morality do not always coincide. People who operate on this level, like Jason, may prioritize ethical principles over legal codes or social norms when they perceive a conflict between them, as they value justice and fairness highly. This level of moral reasoning recognizes a universal principle of justice that transcends laws and societal expectations.

The Uniform Electronic Transaction Act (UETA): a. has been adopted in all 50 states. b. has been declared unconstitutional. c. is the same as E-sign. d. none of the above

Answers

Answer:

d. none of the above

Explanation:

The Uniform Electronic Transaction Act (UETA) -

The act was given by National Conference of Commissioners on Uniform State Laws (NCCUSL) in the year 1999 , which includes 47 states in total .

The main motto of this act is to bring harmony amongst these states by papers records and electronic signature .

Hence , from the given information of the question,

none of the statement about the Uniform Electronic Transaction Act (UETA) is correct .

Therefore , the correct option is d. none of the above .

Answer:

The correct answer is letter "D": none of the above.

Explanation:

The Uniform Electronic Transaction Act (UETA) is a valid U.S. treaty that aims to provide the same value to electronic and paper transactions. It was adopted since 1999 by the National Conference of Commissioners on Uniform State Laws (NCCUSL) by 47 states which did not include New York, Illinois, and Washington.

The UETA is usually related to the Electronic Signatures in Global and National Commerce Act (E-signed) which is an individual federal U.S. law passed in 2000 to recognize electronic signatures and set the guidelines of how they must be used.

Elston Company has entered into a lease agreement for office equipment which could be purchased for $39,927. Elston Company has, however, chosen to lease the equipment for $10,000 per year, payable at the end of each of the next 5 years. Calculate the implied interest rate for the lease payments.

Answers

Answer:

The implied interest rate for the lease payments is 8%.

Explanation:

The implied interest rate (or interest rate implicit in lease) is the rate at which minimum lease payment is equal to current fair value (present value) of asset leased out. Using the following formula we can easily calculate implied interest rate for the lease payments. Detail calculation is given below.

PV = MLPS (1-(1+interest rate%)^-period)/i

39,927 = 10,000 (1-(1+I)^-5)/I

3.9927 = Anuity factor

(using annuity table)  

Interest = 8%

The concept of market efficiency underpins almost all financial theory and decision models. When financial markets are efficient, the price of a security—such as a share of a particular corporation’s common stock—should be _________(equal to or more than) the present value estimate of the firm's expected cash flows discounted by its appropriate rate of return.

Answers

Answer:

Equal

Explanation:

Market efficiency is the term which is defined as the degree to which the prices of the product in the market reflect or state all the relevant as well as available information.

When the market are efficient, then all the information is incorporated into the prices and there is no method to beat the market as there is no overvalued or undervalues securities will be available.

So, the financial market are efficient, then the price of the security is equal to the present value of expected cash flows of the firm.

A media company has a high market share in the cassette tape market. The cassette tape market has low growth potential. This business fits into the ________ category of the BCG growth-market share matrix.

Answers

Answer:

Cash Cows

Explanation:

The Boston Consultancy Group devised a matrix representation for evaluating businesses as per their respective market share. The matrix depicts a portfolio of four possibilities for a strategic business unit.

The matrix is known for it's cows-dogs metaphor. It measures market growth rate on vertical axis and relative market share on horizontal axis.

It is used for allocating resources to a strategic business unit as per feasibility. The four possibilities defined are, stars, cash cows, question mark and dogs.

In the given question, the media company has relative high market share in low growth industry. This fits into the grid of "cash cows". These require little timely investment.

Final answer:

The correct classification for a business with high market share in a low growth market according to the BCG matrix is 'Cash Cow'. This category is characterized by generating significant cash flow more than what is invested into the business, allowing for investment in other areas.

Explanation:

The question relates to a concept within the BCG growth-market share matrix, specifically addressing a scenario where a company holds a high market share in a market with low growth potential. The correct category for such a business is 'Dog'. However, based on the characteristics described (high market share in a low growth market), the correct answer is 'Cash Cow'. Cash Cows are segments where a company has a high market share in a slow-growing industry. These divisions generate more cash than they consume, allowing a company to invest in other areas of business. The BCG matrix helps businesses allocate resources efficiently across different segments by categorizing them into four types: Stars, Question Marks, Cash Cows, and Dogs, based on market growth and market share.

Considering other market dynamics like network effects and winner-take-all contests, examples include the dominance of VHS over Betamax in the videotape market or Microsoft's Windows in the personal computer operating systems. These examples illustrate how a business can leverage its market position to secure almost monopolistic control, similar to how a Cash Cow operates by relying on a well-established market share in a stagnant growth environment.

Your mother just received a ​$340 comma 461 inheritance. If she invests her money in a diversified equity portfolio returning 8 percent per​ year, approximately how long will it take her to become a​ millionaire?

Answers

Answer:

time period is 14.17 years

Explanation:

given data

principal P =  ​$340,461

future value FV  = $1000000

rate r = 8%  = 0.08

to find out

time period t

solution

we will apply here future value formula that is

future value = principal × [tex](1+rate)^{t}[/tex]   ..........................1

put here value and we get

$1000000  = $340,461  × [tex](1+0.08)^{t}[/tex]  

2.9371 = [tex](1.08)^{t}[/tex]

take ln both side

ln 2.9371 = t ln(1.08)

1.077 = t × 0.076

t = 14.17

so time period is 14.17 years

"Treasury bonds paying an 14.0% coupon rate with semiannual payments currently sell at par value. What coupon rate would they have to pay in order to sell at par if they paid their coupons annually? (Hint: What is the effective annual yield on the bond?")

Answers

Answer:

An annual bond should pay 14.49% to be sale at par when issued.

Explanation:

Considering the effective yield on the bond, we should convert the 7% semiannual rate into an annual rate:

[tex](1+0.07)^{2} - 1 = r_e\\.1449 = r_e[/tex]

We get that the ate for an annual bonds to be financially equivalent it should be 14.49%

Final answer:

To find the annual coupon rate for Treasury bonds to sell at par when currently selling at par with a 14.0% semiannual coupon, calculate the effective annual yield from the semiannual coupon and set that as the annual coupon rate for the bond to still sell at par.

Explanation:

The question asks what coupon rate Treasury bonds would have to pay in order to sell at par value if they paid their coupons annually instead of semiannually, while currently selling at par with a 14.0% coupon rate and semiannual payments. The crux of the problem lies in calculating the effective annual yield, which will account for the compounding effect of semiannual payments. When bonds pay coupons semiannually, the actual annual yield, or effective annual rate (EAR), is higher than the nominal coupon rate due to compounding. To find the coupon rate needed for an annual payment to sell at par, one would equate the EAR from the semiannual bond to the coupon rate of the annual bond.

Using the formula for EAR, EAR = (1 + (nominal rate / number of periods))^number of periods - 1, for a semiannual bond with a 14.0% nominal rate, we have EAR = (1 + (0.14 / 2))^2 - 1. Calculating this, we find the EAR to be higher than 14.0%. The bond that pays coupons annually at this EAR would sell at par since the investor would be indifferent between the two bonds in terms of yield.

Ajax, Inc., issued callable bonds with a par value of $1,000,000 that require the payment of a call premium of $10,000. The bonds have a carrying value of $990,000. We call these bonds prior to maturity on September 30. Complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.

Answers

Answer:

The journal entry is as follows:

On September 30,

Bonds payable A/c Dr. $1,000,000

Loss on bonds retirement A/c Dr. $20,000

              To Discount on bond                        $10,000

              To cash A/c                                       $1,010,000

(To record the bonds payable and retirement)

Workings:

Loss on bonds retirement:

= (Cash + Discount on bonds) - Par value of callable bonds

= ($1,010,000 + $10,000) - $1,000,000

= $1,020,000 - $1,000,000

= $20,000

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