Options:
A. 5.60%.
B. 10.60%.
C. 16.20%.
D. 21.80%.
E. 2.89%.
Answer:D. 21.80%
Explanation:The Dividend yield is the total amount earned by dividing the amount of dividend per share by the stock price per share for a given Company,it generally represented in percentage. The Shares of common stock of the Samson Co. that offers an expected total return of 16.2 percent, and a dividend increase of 5.6% per year will be expected to give a total yield(Which is the total amount earned from this investment during the period under review)
Total yield will be 16.2%+5.6%=21.8%.
The _________shows all the individuals associated with each work item in the work breakdown structure, as well as all the work items associated with each individual.
A: project scope document
B: work breakdown structure
C: responsibility assignment matrix
D: network diagram
Answer:
C: responsibility assignment matrix
Explanation:
Responsibility assignment matrix is also called Linear responsibility chat, or RACI, this acronym stands for Responsible, Accountable, Consulted and Informed. This explains the role of various participants in completing a task or delivering on a particular project.
Responsibility assignment matrix helps to assign definite roles to every individual or department involved in a project.
The document that outlines the connection between work items and team members in a work breakdown structure is the Responsibility Assignment Matrix.
Explanation:The document that shows all the individuals associated with each work item in the work breakdown structure, as well as all the work items associated with each individual, is the Responsibility Assignment Matrix (RAM). The RAM is a tool used in project management to illustrate the connections between work packages or activities and project team members. By mapping out every element of the work breakdown structure (WBS) and linking them to the responsible parties, the RAM makes it clear who is responsible for what. This is crucial for ensuring that all tasks have a designated owner and for facilitating better communication and accountability among team members.
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Footsteps Co. has a bond outstanding with a coupon rate of 5.7 percent and annual payments. The bond currently sells for $927.87, matures in 13 years, and has a par value of $1,000. What is the YTM of the bond?
Answer:
6.54%
Explanation:
YTM which is Year to Maturity, is the yield of a bond if it is held till maturity.
[tex]\frac{Annual interest + Par value - Market value/Number of years}{Par value + market value/2\\}[/tex]
Formula for YTM
Annual interest = 1000*0.57=57
Par value $1000
Market value $927.87
YTM= [tex]\frac{57+ (1000-927.87)/13}{1000+927.87/2}[/tex]
YTM= 6.54%
Jenny Enterprises has just entered a lease agreement for a new manufacturing facility. Under the terms of the agreement, the company agreed to pay rent of $12,000 per month for the next 9 years with the first payment due today. If the APR is 6.36 percent compounded monthly, what is the value of the payments today?
Final answer:
The present value of Jenny Enterprises' lease payments can be found using the present value of an annuity due formula. By inserting the monthly payment amount, the monthly interest rate calculated from the APR, and the total number of payments, we can compute how much those future lease payments are worth today.
Explanation:
To calculate the present value of the lease payments for Jenny Enterprises, we need to discount the series of future rental payments at the given interest rate. Since the payments are made at the beginning of each period, we will use the formula for the present value of an annuity due. The annual percentage rate (APR) of 6.36% compounded monthly translates into a monthly interest rate, which can be calculated by dividing the APR by 12. The formula for the present value of an annuity due is [tex]P = PMT [(1 - (1 + r)^{-n}) / r] * (1 + r)[/tex], where P is the present value, PMT is the monthly payment amount, r is the monthly interest rate, and n is the total number of payments. Substituting the given values, we get [tex]P = $12,000 [ (1 - (1 + 0.00636)^{-108}) / 0.00636] * (1 + 0.00636)[/tex].
A 12-month insurance policy was purchased on Dec. 1 for $3,600 and the Prepaid insurance account was increased for the payment. 14- Demonstrate the required adjusting journal entry on Dec. 31 by selecting from the choices below Click the answer you think is right.
a.Prepaid insurance would be credited for $3,600.
b.Cash would be credited for $3,600.
c.Insurance expense would be debited for $300.
d.Insurance expense would be debited for $3,600.
Answer:
c.Insurance expense would be debited for $300.
Explanation:
Provided that
12 month insurance policy purchased on Dec 1 = $3,600
So, the adjusting entry on Dec 31 would be
Insurance expense A/c Dr $300
To Prepaid Insurance $300
(Being insurance expense is recorded)
The computation is
= $3,600 ÷ 12 months
= 300
As we have to compute for 1 month so we recorded $300 insurance expense
The adjusting entry would be that c.Insurance expense would be debited for $300.
As the insurance was purchased for the year, we can only charge the insurance expense for December to the Insurance expense account.
Insurance Amount for December= Total amount x 1 / 12 months
= 3,600 x 1/12
= $300
This amount will be debited to the insurance expense account as expenses increase when debited.
In conclusion, option C is correct.
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Sole Occhiali Group, an Italian company that sells sunglasses, reported Net Sales of $181,000 and Cost of Goods Sold of $59,500. Candy Electronics Corp. reported Net Sales of $39,000 and Cost of Goods Sold of $28,600.
Calculate the Gross Profit Percentage for both companies.
Answer:
The gross profits of Sole Occhiali Group and Candy Electronics Corp. are 67.13% and 26.66% respectively.Explanation:
In Business Studies and Accounting,Gross Profit percentage is calculated by subtracting the cost of goods sold from the net sales revenue and then dividing the result by net sales revenue and finally multiplying the entire expression with hundred.Here,the net sales revenue of Sole Occhiali Group is given as $181,000 and the costs of goods sold is $59,500 and for Candy Electronics Corp. they are $39,000 and $28,600 respectively.
Hence,gross profit percentage for Sole Occhiali Group=[tex](\frac{181,000-59,500}{181,000})\times 100[/tex]=[tex](\frac{121,500}{181,000})\times 100[/tex]=[tex](0.6713\times 100)[/tex]=67.13% approximately
Now,gross profit for Candy Electronics Corp.=[tex](\frac{39,000-28,600}{39,000})\times 100[/tex]=[tex](\frac{10,400}{39,000})\times 100[/tex]=[tex](0.2666\times 100)[/tex]=26.66% approximately
In Shady Company, materials are entered at the beginning of each process. Work in process inventories, with the percentage of work done on conversion costs, and production data for its Sterilizing Department in selected months during 2020 are as follows. Beginning Work in Process Ending Work in Process Month Units Conversion Cost% Units Transferred Out Units Conversion Cost% January 0 — 11,900 3,000 69 March 0 — 12,200 4,200 33 May 0 — 15,600 7,620 80 July 0 — 10,500 2,100 46 Compute the physical units for January and May.
Answer:
Physical Units in January 14,900
Physical Units in May 23,220
Explanation:
The question is to compute physical units for January and May for Shady Company based on the given information
Physical Units (Also known as the units to be accounted for)
= The Opening Workin Progress + The Units Started into Production
Note that this Units should also be equal to the following
= Units Transferred Out + the Ending Work in Progress units
It is therefore computed as follows:
Description January May
Units to be accounted for 0 0
Opening WIP
Started into Production 14,900 23,220
January (11,900 + 3,000)
May (15,600 + 7,620)
Total Units 14,900 23,200
Units accounted for
Units Transferred out 11,900 15,600
Closing Work in Progress 3,000 7,620
Total Units 14,900 23,200
The number of physical units in January is 14,900 units and in May is 23,220 units, calculated by adding beginning work in process, units transferred out, and ending work in process for each month.
Explanation:The physical units calculation is based on data about the beginning work in process, units transferred out, and the ending work in process. For January, the beginning work in process is 0, units transferred out are 11,900 and the ending work in process is 3,000. Hence, the total number of physical units in January = Beginning Work in Process + Units Transferred Out + Ending Work in Process = 0 + 11,900 + 3000 = 14,900 units.
Similarly, for May, the beginning work in process is 0, units transferred out are 15,600, and ending work in process is 7,620. Therefore, the total physical units in May = 0 + 15,600 + 7,620 = 23,220 units. This concept is crucial in the field of cost accounting for tracking production levels.
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The trial balance of Woods Company includes the following balance sheet accounts. Identify the accounts that might require adjustment. For each account that requires adjustment, indicate (1) the type of adjusting entry and (2) the related account in the adjusting entry.
(a) Accounts Receivable
(b) Prepaid Insurance
(c) Equipment
(d) Accumulated Depreciation Equipment
(e) Notes Payable
(f) Interest Payable
(g) Unearned Service Revenue
Adjustment entries are the form of journal entries being recorded during the closure of books or at the end of the financial year. They are recorded to adjust the due amounts of the expenses or incomes that are not of the current financial period.
For each of the accounts the adjusting entry and the related account in the adjusting entry are shown in the table attached below:
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(a) Accounts Receivable: Accrued Revenues - Service Revenue
(b) Prepaid Insurance: Insurance Expense - Prepaid Expenses
(c) Equipment: No adjustment required
(d) Accumulated Depreciation Equipment: Depreciation Expense - Equipment
(e) Notes Payable: No adjustment required
(f) Interest Payable: Accrued Expenses - Interest Expense
(g) Unearned Service Revenue: Unearned Revenues - Service Revenue
(a) Accounts Receivable
1. Type of adjusting entry: Accrued Revenues
2. Related account in the adjusting entry: Service Revenue
(b) Prepaid Insurance
1. Type of adjusting entry: Insurance Expense
2. Related account in the adjusting entry: Prepaid Expenses
(c) Equipment
1. Type of adjusting entry: Not Required (unless there are impairments or disposals)
2. Related account in the adjusting entry: Not Required
(d) Accumulated Depreciation Equipment
1. Type of adjusting entry: Depreciation Expense
2. Related account in the adjusting entry: Equipment
(e) Notes Payable
1. Type of adjusting entry: Not Required (unless there are changes in interest or principal)
2. Related account in the adjusting entry: Not Required
(f) Interest Payable
1. Type of adjusting entry: Accrued Expenses
2. Related account in the adjusting entry: Interest Expense
(g) Unearned Service Revenue
1. Type of adjusting entry: Unearned Revenues
2. Related account in the adjusting entry: Service Revenue
For three months, an attorney has represented a local manufacturing company in a contract dispute with the company's landlord. Last week, an employee of the manufacturing company asked the attorney to represent the employee in an action against the manufacturing company for failing to comply with wage and hour laws. The contract dispute and the wage and hour matter have no common issues of law or fact, and the attorney reasonably believes that he can competently represent the clients in the respective matters. Without discussing it with the manufacturing company, the attorney accepts and begins representation of the employee in the wage and hour matter.
Is the attorney subject to discipline?
(A) No, because the attorney reasonably believes that he can represent both the company and the employee competently in the respective matters.
(B) No, because there are no common issues of law or fact in the respective lawsuits.
(C) Yes, because the attorney did not terminate the representation of the company before agreeing to represent the employee.
(D) Yes, because the attorney’s representation of the employee is directly adverse to the manufacturing company.
Answer:
D
Explanation:
Although the attorney reasonably believes that he can represent both the company and the employee competently in the respective matters, it is against the ethics because there is conflict of interest and it should be noted that the legal issue involves claim by one client against another who both requires the service of the attorney in the same litigation.
Representation of one of the client will no doubt be affected by the attorney's loyalty or personal and responsibility to the other client. Therefore the answer is Yes, because the attorney's representation of the employee is directly adverse to the manufacturing company
ZipCar has learned that Urban Boomers, baby boomers that have spent most of their time living in the suburbs but then later move into the city, drive less frequently, making them more ______ to ZipCar’s offerings than their counterparts in the suburbs.
Answer:
Susceptible
Explanation:
Urban Boomers tend to drive their car less when moving to the city, searching for new and innovative ways of transportation. The service ZipCar offers, such as car sharing, address this consumption behavior in the way urban boomers still drive but don´t want to own a car with all the maintenance, financial and emotional, that it comes with.
Final answer:
Urban Boomers are more likely to use ZipCar due to their location in the city and infrequent driving, aligning with the trend of gentrification and urban living preferences that have evolved since the rise of suburbanization.
Explanation:
Urban Boomers, a subsegment of the baby boomer generation who have relocated from the suburbs to the city, are more likely to embrace ZipCar's offerings due to their less frequent driving habits. This demographic shift coincides with the fact that city inhabitants typically have greater access to amenities within walking distances and are less reliant on personal vehicles compared to their suburban counterparts. Furthermore, the gentrification of urban areas has made city living more desirable for various age groups, increasing the demand for flexible transportation options like car-sharing services.
Historically, the advent of the automobile led to suburban sprawl, as Americans could live further away from urban cores and commute to work. Over time, the proliferation of suburbs created a decentralized city landscape with residential and commercial hubs scattered across metropolitan areas. However, recent trends show a reversal with younger generations and even former suburbanites moving back to the city, opting for the convenience of urban living, which makes them prime candidates for services like ZipCar.
Sanjay is the manager at a restaurant and offers to promote Linda, a waitress at the same restaurant, in return for sexual favors. This is an example of _____.
A.quid pro quo harassment
B.reasonable accommodation
C.glass ceiling
D.prima facie
E.disparate treatment
Answer:quid pro quo harassment
Explanation:It is sexual and involves exchanges in a workplace.
Final answer:
Sanjay's offer to promote Linda in exchange for sexual favors is an example of quid pro quo harassment, which is a type of sexual harassment where employment benefits are contingent upon sexual conduct. It is illegal and violates both employment laws and organizational policies.
Explanation:
In the scenario presented, where Sanjay offers Linda a promotion in exchange for sexual favors, this is an example of quid pro quo harassment. This type of harassment transpires when a work-related reward, such as a promotion, is offered contingent upon the performance of sexual acts. It is illegal and violates organizational policies, as it makes employment benefits dependent on sexual conduct. Option A
A manager or supervisor engaging in such behavior is abusing their power and creating a discriminatory environment. It is clearly stipulated in employment laws and organizational policies that unwelcome sexual advances, requests for sexual favors, and other forms of verbal or physical conduct of a sexual nature are forms of sexual harassment.
Sexual harassment, particularly quid pro quo, is a serious issue that can have significant legal implications for both the individuals involved and the organization.
Phelps Gold manufactures award medals. In August, Phelps produced 5,000 medals, 100 more than expected. During the month, the company purchased 1, 100 ounces of gold for $875,000. The standard price for the gold is $800 per ounce. The company actually used 1,000 ounces of gold for production. Calculate Phelps's direct materials price variance for the month.
Given:
Metals produced = 5000
Standard price for gold = $800 per ounce
Cost of 1100 ounces of gold = $875000
Gold used for production = 1000 ounces
To find:
Direct material price variance
Solution:
To calculate the direct material price variance we have to use the following formula,
[tex]\text{Direct material price variance = (SP - AP )}\times \text{AQ purchased }[/tex]
On plugging-in the values we get,
[tex]\Rightarrow( 800 - [ \frac{875000}{1100} ] )\times1100[/tex]
On solving we get,
[tex]\text{Direct material price variance}=\$5000[/tex]
Therefore, Phelps's direct materials price variance for the month is $5000.
The direct materials price variance for the month is -$80,000.
Explanation:The direct materials price variance is calculated by subtracting the actual cost of the materials from the standard cost of the materials and multiplying the result by the actual quantity of materials used. In this case, the standard price for the gold is $800 per ounce and the actual price paid is $875,000 for 1,100 ounces. The actual quantity of gold used is 1,000 ounces. So, the direct materials price variance can be calculated as follows:
Standard price per ounce * (Actual quantity - Standard quantity)
=$800 * (1,000 - 1,100)
= $800 * (-100)
= -$80,000
The direct materials price variance for the month is -$80,000.
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Colter Company prepares monthly cash budgets. Relevant data fromoperating budgets for 2017 are as follows:
January February
Sales 360,000 $400,000
Direct materials purchases 120,000 125,000
Direct labor 90,000 100,000
Manufacturing overhead 70,000 75,000
Selling and administrative expenses 79,000 85,000
All sales are on account. Collections are expected to be 50% in the month of sale, 30% in the first month following the sale, and 20% in the second month following the sale. Sixty percent (60%) of direct materials purchases are paid in cash in the month of purchase, and the balance due is paid in the month following the purchase. All other items above are paid in the month incurred except for selling and administrative expenses that include $1,000 of depreciation per month. Other data:
(1) Credit sales: November 2019, $250,000; December 2019, $320,000.
(2) Purchases of direct materials: December 2019, $100,000.
(3) Other receipts: January—Collection of December 31, 2019, notes receivable $15,000; February—Proceeds from sale of securities $6,000.
(4) Other disbursements: February—Payment of $6,000 cash dividend.
The companyâs cash balance on January 1, 2017, is expected to be$60,000. The company wants to maintain a minimum cash balance of$50,000.
Prepare schedules for (1) expected collections from customersand (2) expected payments for direct materials purchases forJanuary and February.
Answer:
1. Collections from customers for January $ 326,000
Collections from customers for February $ 372,000
2. Payments for purchases of Direct Materials - January $ 112,000
Payments for purchases of Direct materials - February $ 123,000
Explanation:
Computations for collections from customers
Collections for January
Collections from November sales
- 20 % ( second month of sales) $ 250,000 November sales
Collections from November sales 20 % * $ 250,000 $ 50,000
Collections from December sales
- 30 % ( first month after sales) $ 320,000
Collections from December sales 30 % * $ 320,000 $ 96,000
Collections from January sales
- 50 % ( month of sales) * $ 360,000 January sales
Collections from January sales 50 % * $ 360,000 $ 180,000
Total Collections for January $ 326,000
Collections for February
Collections from December sales
- 20 % ( second month after sales) $ 320,000
Collections from December sales 20 % * $ 320,000 $ 64,000
Collections from January sales
- 30 % ( first month of sales) * $ 360,000 January sales
Collections from January sales 30 % * $ 360,000 $ 108,000
Collections from February sales
- 50 % ( month of sales) * $ 400,000 ( February sales)
Collections from February sales 50 % * $ 400,000 $ 200,000
Total collections for February $ 372,000
Computations for payments for Direct material purchases
Payments for January
Payments for December purchases
- 40 % ( month after purchase) $ 100,000 (December purchase)
Payments for December purchases 40 % * $ 100,000 $ 40,000
Payments for January purchases
- 60 % ( month of purchase) $120,000
Payments for January purchases 60 % * $ 120,000 $ 72,000
Payments for January $ 112,000
Payments for February
Payments for January purchases
- 40 % ( month after purchase) $ 120,000 (January purchase)
Payments for January purchases 40 % * $ 120,000 $ 48,000
Payments for February purchases
- 60 % ( month of purchase) $125,000
Payments for February purchases 60 % * $ 125,000 $ 75,000
Payments for February $ 123,000
The cash budget is the method under budgetary control that determines the cash balances that are expected to occur or happen based upon the previous period's financial data and experience. The cash budget shows the expected amounts of cash collection and payments for a particular period.
1. The expected collection from customers is:
January month=$326,000
February month=$372,000
2. The expected payments for direct materials purchases are:
January month= $112,000
February month= $123,000
The cash budget schedules for the collection and payment of January and February month are attached in the images below.
The 1st image shows the schedule, while the 2nd image shows the formulas used in the excel sheet to determine the values.
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Sam expresses interest in buying a motorbike from Jake, a salesman. In an attempt to force a sale, Jake promises Sam that the motorbike in question is capable of providing a mileage of 70 miles for every gallon of gas in its tank. Jake's promise is an example of ________.
a. a disclaimer
b. puffing
c. an express warranty
d. slander
Answer:
B : puffing
Explanation:
Jake's promise is an example of Puffing which refers to usually an expression which is made by a salesman that involves the status of goods proposed for sale. It offers opinions rather than realities and is normally not regarded as a legally binding promise as here Jake promises Sam that his motorbike is capable of providing a mileage of 70 miles to sell his bike to Sam but Jake is not legally bound for his promise.
Financial accounting information and managerial accounting information have a number of distinguishing characteristics. For each of the characteristics listed below, indicate which characteristics are more closely related to financial accounting and which characteristics are more closely associated with managerial accounting.
1. General-purpose reports
2. Reports are used internally
3. Prepared in accordance with generally accepted accounting principles
4. Special purpose reports
5. Limited to historical cost data
6. Reporting standard is relevance to the decision to be made
7. Financial statements
8. Reports generally pertain to the business as a whole
9. Reports generally pertain to subunits
10. Reports issued quarterly or annually
Answer:
Characteristics more closely related to Financial Accounting:
A - 1
B - 3
C - 5
D - 6
E - 7
F - 8
G - 10
Characteristics more closely related to management accounting:
A - 2
B - 4
C - 9
Explanation:
Characteristics more closely related to Financial Accounting:
A - general purpose reports: financial accounting takes a general and broad overview look on the company's affairs. This cannot be said of management accounting.
B - Preparation in accordance with relevant Generally Accepted Accounting Principles is one of the fundamentals of financial accounting. Unlike management accounting.
C - financial accounting uses historical bases in valuation of its cost items. Unlike the management accounting.
D - Reporting standards is crucial to the presentation of financial statement and eventual decision making. This cannot be said of management accounting.
E - Financial statement is simply the medium through financial accountant communicate their findings. This is not the same as management accountant.
F - Reports generally centers on the business in financial accounting than management accounting.
G - Financial statement are issued quarterly - interim, or annually - year end. This is unlike management accounting that is most time discretional.
Characteristics more closely related to management accounting than financial accounting:
A - reports are used internally. Management reports are specific to a particular line of company's business. The reports are thus to be used by management.
B - Management reports are more specifically focused. This further buttresses point A above.
C - management reports in its specifically focused drive generally focused on sub units. This cannot be said of financial reports.
Financial accounting is associated with general-purpose reports, GAAP, historical cost data, financial statements, and company-wide reporting at regular intervals. Managerial accounting is linked to internal use, special-purpose, and decision-relevant reports that focus on specific subunits of the business.
Explanation:The characteristics that distinguish financial accounting from managerial accounting can be related to specific aspects such as the purpose of reports, principles followed, scope, timing, and their usage. Here is the association of each characteristic:
General-purpose reports: Financial accountingReports are used internally: Managerial accountingPrepared in accordance with generally accepted accounting principles (GAAP): Financial accountingSpecial-purpose reports: Managerial accountingHistorical cost data: Financial accountingReporting standard is relevance to the decision to be made: Managerial accountingFinancial statements: Financial accountingReports generally pertain to the business as a whole: Financial accountingReports generally pertain to subunits: Managerial accountingReports issued quarterly or annually: Financial accountingFinancial accounting is oriented towards external stakeholders, follows strict guidelines such as GAAP, and is more concerned with historical data and general-purpose reporting. Managerial accounting focuses on internal decision-making, provides detailed reports for specific purposes, and emphasizes relevance and timeliness.
Which of the following closings is most effective? a.Bring your lunch and join the group! Because the room is limited to 30, please make your reservation with me before March 12. b.We’d love to have you join the Lunch and Learn presentation. Just bring your lunch and participate in the fun! c.We look forward to seeing you at the next Lunch and Learn presentation. This is your opportunity to learn how to eat smart despite the temptation of high-calorie snacks.
Final answer:
The most effective closing is option a, which includes an inviting tone, important logistical details, and a clear call to action.
Explanation:
The most effective closing from the provided options would be: a. Bring your lunch and join the group! Because the room is limited to 30, please make your reservation with me before March 12. This closing provides a clear and polite invitation along with critical logistical information, including the capacity limit and the reservation deadline, which are essential for planning. The direct call to action encourages the reader to engage promptly, and the inclusion of a specific reservation process ensures that potential attendees understand how to secure their spot. As evidenced by the campus restaurant scenario, students are concerned with coordinating their time effectively and sharing meals. Communicating the relevant details upfront respects their time and facilitates group participation.
Suppose the money supply (as measured by checkable deposits) is currently $700 billion. The required reserve ratio is 25%. Banks hold $175 billion in reserves, so there are no excess reserves.
The Fed wants to increase money supply by $44 billion, to $744 billion. Assume that you can use the simple money multiplier
a) If the Fed wants to increase the money supply through open market operations, it should_ $_ billion worth of U.S. government bonds.
b) If the Fed wants to increase the money supply by adjusting the required reserve ratio, it should_required reserve ratio.
Final answer:
To increase the money supply by $44 billion with a reserve requirement of 25%, the Fed should buy $11 billion in government bonds using open market operations. The money multiplier is used to calculate this figure. Adjusting the reserve requirement is another way to alter the money supply, but the specific new ratio isn't provided.
Explanation:
To increase the money supply by $44 billion, we should start by calculating the amount the Federal Reserve needs to purchase in government bonds. This calculation can be made using the simple money multiplier, which is the inverse of the required reserve ratio (RRR). Given the RRR of 25%, the money multiplier is 1 / 0.25 = 4. Therefore, to increase the money supply by $44 billion, the Fed would need to inject $11 billion into the economy since $11 billion × 4 = $44 billion.
For part b, adjusting the required reserve ratio involves decreasing it so that banks will have more funds available to loan out, which increases the money supply through the lending process. The new reserve requirement can't be calculated precisely from the given information, but the Fed would lower the RRR from 25% to a smaller percentage to achieve the desired expansion in the money supply.
Artery disease. An article in the New England Journal of Medicine describes a randomized controlled trial that compared the effects of using a balloon with a special coating in angioplasty (the repair of blood vessels) compared with a standard balloon. According to the article, the study was designed to have power 90%, with a two-sided Type I error of 0.05, to detect a clinically important difference of approximately 17 percentage points in the presence of certain lesions 12 months after surgery.13 What fixed significance level was used in calculating the power? Explain to someone who knows no statistics why power 90% means that the experiment would probably have been significant if there was a difference between the use of the balloon with a special coating compared to the use of the standard balloon.
Answer:
See the attached picture for answer.
Explanation:
See the attached picture for explanation.
Listed are eight transactions the Foster Corporation made during November.
A. Issued stock in exchange for cash.
B. Purchased land. Made partial payment with cash and issued a note payable for the remaining balance.
C. Recorded utilities expense for November. Payment is due in mid-December.
D. Purchased office supplies with cash.
E. Paid outstanding salaries payable owed to employees for wages earned in October.
F. Declared a cash dividend that will not be paid until late December.
G. Sold land for cash at an amount equal to the land’s historical cost.
H. Collected cash on account from customers Williams, Jan.
The Foster Corporation in November conducted various business activities ranging from raising capital, acquiring assets, tracking expenses, addressing operating expenses and liabilities, sharing profits with shareholders, and managing accounts receivables.
Explanation:The eight transactions made by Foster Corporation during November are common business activities. For instance:
Issuing stock for cash underlies the need to raise capital for the corporation.Purchasing land and making payments using cash as well as a note payable represents an acquisition of assets.Recording utilities expense for November, due in December, indicates how corporations track their pending expenses.Purchasing supplies with cash is an operating expense.Paying outstanding salaries payable is an embodiment of settling of liabilities.Declaring cash dividends payable in the future equates to sharing profits with shareholders.Selling land for cash at cost value constitutes disposal of assets.Collecting cash from customers is part of accounts receivables process of the corporation.Learn more about Business Transactions here:https://brainly.com/question/32522185
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The question assesses the cash flow impact of various transactions in business finance, focusing on cash flows from investing activities and financing activities. Transactions involve purchasing assets, accruing expenses, and declaring dividends, pertinent to understanding the respective cash inflows and outflows.
The question provided outlines various transactions of the Foster Corporation during the month of November, which relate to different types of cash flows in a business, specifically cash flows from investing activities and cash flows from financing activities. These transactions need to be analyzed to determine their impacts on the corporation's cash flow statement, which is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, breaking the analysis down into operating, investing, and financing activities.
Analysis of Selected Transactions
Transaction B: This involves purchasing land, where partial payment is made in cash and the remainder is settled with a note payable. This transaction would show a cash outflow under cash flows from investing activities for the cash portion, while the note payable reflects financing activities.Transaction C: Recording a utility expense for November, with payment due in December, shows a change in operating assets and liabilities but does not immediately affect cash flow since the payment is postponed.Transaction F: The declaration of a cash dividend that will be paid later results in a future cash outflow under financing activities, but it does not affect current cash flows until the actual payment occurs.It is crucial to consider the timing of these transactions, as they can affect the financial reporting based on the fiscal year-end. For example, expenses recorded now but paid later (like in transaction C) may not affect the cash basis financial statements until the payment is made, potentially carrying over into a new fiscal year.
Transworld Import Company and USA Export, Inc., form a business organization to engage in importing and exporting. Its property is held in the names of the members and its shareholders have personal liability. This organization is ______.
A) a business trustB) a joint stock company.C) a joint venture.D) a syndicate.
Answer:
A joint stock company
Explanation:
A joint stock company is a business organisation that is owned jointly by all its shareholders. All the shareholders have a specific amount of stock in the company, which is represented by their amount of shares.
Advantages of joint stock company include:
1) Large amount of capital
2) Limited Liability
3) Stability of Existence
4) High Public Confidence
5) Increased tax Benefits
6) It greatly Promotes Savings and Investment
Answer: B- joint stock company
Explanation: A joint-stock company is
a business existence in which shares of the business organization’s merchandise kept on the premises of a warehouse and available for distribution or sale can be purchased or sold by an individual or corporation that lawfully owns one or more mutual funds, limited partner, and real estate investment trusts of stock in a public or private corporations. In this case, a shareholder’s liability is limited to the amount of the share equity that is unpaid, hence he or she has a personal liability.
Kirkland Theater sells season tickets for six events at a price of $189. For the 2016 season, 1,200 season tickets were sold.
Required:
a-1. Use the horizontal model to show the effect of the sale of the season tickets. (Use amounts with + for increases and amounts with – for decreases.) FIll in yellow boxes
Assets Balance Sheet Liabilities Stockholders Equity Net Income
b-1. Use the horizontal model to show the effect of presenting an event. (Use amounts with + for increases and amounts with – for decreases.) Fill in yellow boxes
Answer:
Explanation:
Theater sells season tickets for six events at a price of $189. For the 2016 season, 1,200 season tickets that were sold.This is illustrated in the attached diagram.
g Let D1 represent the demand curve for premium seats to the Broadway hit Hamilton, and let S1 represent the supply curve for these seats. If the producers of the show charge $497.50 for a premium seat, the scalpers will charge (a) $ , which is (b) $ more than the price listed at the theater box office (give your answer to two decimals).
Answer:
(a) $ 1200
(b) $ 702.5
Explanation:
In the demand and supply curve, the price of goods and services changes with respect to market conditions such as scarcity and consumers' needs. In the problem, if the producers charge about $497.50, the scalper will definitely charge a price higher than that of the producers, in this case, $1200. Thus, this is $702.5 (i.e. $1200 - $497.50) more than the producers' charge.
Welnor Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data regarding the store's operations follow:
Sales are budgeted at $320,000 for November, $340,000 for December, and $330,000 for January.
Collections are expected to be 75% in the month of sale, 20% in the month following the sale, and 5% uncollectible.
The cost of goods sold is 65% of sales.
The company desires ending merchandise inventory to equal 80% of the following month's cost of goods sold. Payment for merchandise is made in the month following the purchase.
Other monthly expenses to be paid in cash are $21,000.
Monthly depreciation is $16,000.
Ignore taxes.
Statement of Financial Position
October 31
Assets
Cash $ 22,000
Accounts receivable (net of allowance for uncollectible accounts) 82,000
Merchandise inventory 166,400
Property, plant and equipment (net of $658,000 accumulated depreciation) 1,170,000
Total assets $ 1,440,400
Liabilities and Stockholders' Equity
Accounts payable $ 199,000
Common stock 840,000
Retained earnings 401,400
Total liabilities and stockholders' equity $ 1,440,400
Required:
a.
Prepare a Schedule of Expected Cash Collections for November and December. (Leave no cells blank - be certain to enter "0" wherever required.)
Answer:
Part a
: The month of November are $322,000 and the month of December is $319,000.
Explanation:
Deals made during the period of November are relied upon to be gathered to the degree of 75% in November and next 20% is gathered in December and 5% is in-collectible. Likewise, 20% of deals in October are gathered in the period of November.
Deals made during the December are required to be gathered 75% in the November itself. Additionally, 20% of deals in November are gathered in the long stretch of December.
To prepare a Schedule of Expected Cash Collections, calculate cash collections based on the sales budgeted for each month and the given percentages.
Explanation:To prepare a Schedule of Expected Cash Collections, we need to determine the amount and timing of cash collections based on the given data. For November, the cash collections would be 75% of the sales budgeted for November, which is $240,000. For December, the cash collections would be 75% of the sales budgeted for December, which is $255,000. The remaining collections for both months would be split between the following month and considered as receivables.
Monitoring and Performance Evaluation: Once established, the actual sales performance is regularly compared to the budgeted figures. Variances are analyzed to understand the reasons behind overperformance or underperformance, allowing for adjustments and corrective actions as needed.
Flexibility and Adaptability: A sales budget should be dynamic and adaptable to changing market conditions, economic factors, and internal business circumstances. It may be revised periodically to reflect updated information and expectations.
Communication Tool: A well-prepared sales budget serves as a communication tool within the organization, providing a clear roadmap for sales targets and expectations. It helps align various departments and teams towards common sales objectives.
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Economic models are built with a. recommendations concerning public policies. b. facts about the legal system. c. assumptions. d. statistical forecasts.
Answer:
The correct answer is letter "C": assumptions.
Explanation:
Economic models are real-world assumptions economists make to simplify complex phenomena. Economists aim to predict or help to assess actual economic problems with the help of models which in some cases can be purely theoretical and in others can include mathematical calculations or graphs with lines and curves.
The laws of supply and demand are examples of economic models.
Holbrook, a calendar year S corporation, distributes $51,700 cash to its only shareholder, Cody, on December 31. Cody's basis in his stock is $62,040, Holbrook's AAA balance is $23,265, and Holbrook has $7,755 AEP before the distribution. According to the distribution ordering rules, complete the chart below to indicate how much of the $51,700 is from AAA and AEP as well as how Cody's stock basis is affected.
Answer;
AAA account balance after distribution was 0
AEP account balance after distribution was 0
Cordy account balance after distribution was $18,095
Explanation:
Holbrook corporation
From AAA account
Distribution from AAA account 8,000 not taxable
Effect on stock basis (8000)
Balance after distribution 0
From AEP account
Distribution from account 7,755 is a taxable dividend, in which it doesn't affect stock basis because it is from a previous S-corporation.
Effect on stock basis 0
Balance after distribution 0
From Cody’s stock basis
Distribution from account 20,680
(51,700-23,265-7,755)
Effect on stock basis (20,680)
Balance after distribution
(62,040-23,265-20,680)= $18,095
Answer:
The chart is shown in the file attached below
Explanation:
(a) On March 2, Shamrock Company sold $897,900 of merchandise to Pharoah Company on account, terms 2/10, n/30. The cost of the merchandise sold was $594,200. (b) On March 6, Pharoah Company returned $100,900 of the merchandise purchased on March 2. The cost of the merchandise returned was $67,500. (c) On March 12, Shamrock Company received the balance due from Pharoah Company.
Answer:
The journal entries are as follows:
(i) On March 2,
Inventory A/c Dr. $897,900
To Accounts payable - Shamrock company $897,900
(To record the inventory purchased on account)
(ii) On March 6,
Accounts payable - Shamrock company A/c Dr. $100,900
To inventory A/c $100,900
(To record the balance due)
Shamrock Company had transactions with Pharoah Company, including a sale, a return, and receipt of payment. The sale and return were recorded in the respective accounts, and payment was received on March 12.
Explanation:Shamrock Company's Transactions with Pharoah CompanyOn March 2, Shamrock Company sold $897,900 of merchandise to Pharoah Company on account, terms 2/10, n/30. The cost of the merchandise sold was $594,200. To record this transaction, Shamrock Company would debit Accounts Receivable for $897,900 and credit Sales for $897,900. Additionally, Cost of Goods Sold would be debited for $594,200 and Inventory would be credited for $594,200.On March 6, Pharoah Company returned $100,900 of the merchandise purchased on March 2. The cost of the merchandise returned was $67,500. To record this return, Shamrock Company would debit Sales Returns and Allowances for $100,900 and credit Accounts Receivable for $100,900. Cost of Goods Sold would be credited for $67,500 and Inventory would be debited for $67,500.On March 12, Shamrock Company received the balance due from Pharoah Company. To record this receipt of payment, Shamrock Company would debit Cash for the amount received and credit Accounts Receivable for the same amount.Seaborn Co. has identified an investment project with the following cash flows. Year Cash Flow 1 $850 2 1,100 3 1,300 4 1,150 Required: (a) If the discount rate is 10 percent, what is the present value of these cash flows? (b) What is the present value at 17 percent? (c) What is the present value at 27 percent?
Answer:
The present value at the discount rate of 10% is $3,443.99 ,$2,955.44 at 17% and $ 2,428.00 at 27%
Explanation:
The present were arrived at by discounting each year's cash flow to present value by applying discounting factor given as 1/(1+r)^n where r is the discounting rate and n is the number of applicable time horizon.
Kindly find attached spreadsheet showing full computations of the present values
Suppose that Japan can produce 5 cars in 8 hours and 15 HD TVs in 10 hours. The US can produce 5 cars in 6 hours and 15 TVs in 5 hours. Explain which country has a comparative advantage in producing cars and which country has a comparative advantage in producing TVs. In your answer, be sure to be very specific as to how you identified the comparative advantage in each country and define how one goes about identifying comparative advantage.
Answer:
If there is 1 hour of production:
Cars produced by Japan = 5/8 = .625 cars
HD TV produced by Japan = 15/10 = 1.5 HD TVs
Further,
Cars produced by US = 5/6 = .83 cars
HD TV produced by US = 15/5 = 3 HD TVs
So,
Opportunity cost of a car for Japan = 1.5/.625 = 2.4 units of HD TVs
Opportunity cost of car for US = 3/.83 = 3.61 units of HD TV
Since, Japan has lower opportunity cost of producing cars, so Japan has comparative advantage in producing cars.
Opportunity cost of a HD TV for Japan = .625/1.5 = .42 units of car
Opportunity cost of a HD TV for US = .83/3 = .28 units of car
Since US has lower opportunity cost of producing HD TVs, so US has comparative advantage in producing HD TVs.
Overhead expenses are budgeted at $2,000 per month. Included in the $2,000 are $500 of monthly depreciation expense and $200 of allocated expenses related to the insurance premium that is paid in September. What is the cash outflow for overhead for the month of May
Answer:
$1,300
Explanation:
Given that,
Budgeted Overhead expenses = $2,000 per month
monthly depreciation expense = $500
Allocated expenses related to the insurance premium = $200
Non-cash expenses:
= monthly depreciation expense + Allocated expenses related to the insurance premium
= $500 + $200
= $700
Cash outflow for overhead for the month of May:
= Budgeted Overhead expenses - Non-cash expenses
= $2,000 - $700
= $1,300
General Inertia Corporation made a distribution of $50,000 to Henry Tiara in partial liquidation of the company on December 31, 20X3. Henry owns 500 shares (50%) of General Inertia. The distribution was in exchange for 250 shares of Henry's stock in the company. After the partial liquidation, Henry continued to own 50% of the remaining stock in General Inertia. At the time of the distribution, the shares had a fair market value of $200 per share. Henry's income tax basis in the shares was $100 per share. General Inertia had total E&P of $800,000 at the time of the distribution. What are the tax consequences to Henry because of the transaction? A. Henry has dividend income of $50,000 and a tax basis in his remaining shares of $100 per share. B. Henry has capital gain of $25,000 and a tax basis in his remaining shares of $100 per share. C. Henry has dividend income of $50,000 and a tax basis in his remaining shares of $200 per share. D. Henry has capital gain of $25,000 and a tax basis in his remaining shares of $200 per share.
Answer: B
Explanation:
Henry has capital gain of $25,000 and a tax basis in his remaining shares of $100 per share
In Mexico City, only 55-60% of the population owns a telephone. The number drops to less than 50% in Guadalajara and Monterey, and 35% or lower in other cities. This will complicate the task of market researchers hoping to use a telephone survey to obtain a ________ of the Mexican population.
Answer:
Probability sampling.
Explanation:
Probability Sampling is a sampling method whereby sample from a bigger population are chosen through the use of probability theory. For a participant to be chosen as a probability sample, he or she must be chosen through a random selection. The most vital requirement in probability sampling is that everyone should have an equal chance of being selected e.g. if there is a population of 200 people, everyone involved will have an odd of 1 in 200 to be selected.
Probability sampling provides the best chance to get a sample that truly represents the population.