Answer:
D. either real output or the price level (GDP deflator) have increased.
Explanation:
GDP is the total value (price x quantity) of goods & services produced by an economy during an a time period.
Real GDP is calculated on the basis of base year price index. Nominal GDP is calculated on the basis of current year price index.
So: Real GDP increases only due to rise in output quantity, not by price. Nominal GDP can increase due to rise in both output quantity or in price level (reflected in deflator).
This makes Real GDP a better measure of Economic growth than Nominal GDP, since it captures effect of increased production only (& not price).
Deflator is a measure of average price level change =
Nominal GDP X 100
Real GDP
Deflator > 100 shows inflation in general price level, Deflator < 100 shows deflation in general price level.
Millie is using a behavior checklist strategy as well as a prompted praise strategy when working with her second grade behavior disordered student, Kent. She uses both strategies within the same day going back and forth randomly between the two approaches, while recording his on-task behavior. Which of the following designs is Millie employing? Select one:
a. Alternating-treatments
b. Static group comparison
c. Multiple baseline
d. Control group time series
Answer:
Alternating treatments
Explanation:
Alternating treatment design involves a single participant where there is random or semi random alternation between treatments. The change in treatment is done as frequently as possible to obtain behavioural results from the subject.
Millie switching between behavioural checklist strategy and checklist strategy bis an example of alternating treatment.
Millie is using an alternating-treatments design to compare the effectiveness of a behavior checklist and prompted praise strategy by alternating between them and recording the on-task behavior of her student, Kent.
Explanation:Millie is employing an alternating-treatments design. This design is utilized when two or more interventions are alternated to determine their effectiveness on a subject's behavior. In Millie's case, she is recording Kent's on-task behavior while alternating between a behavior checklist and a prompted praise strategy. By comparing the on-task behaviors during these different strategies, she can assess which one is more effective for managing Kent's behavior.
This is in contrast to other experimental designs such as static group comparison, which compares different groups, a multiple baseline design, which observes behavior across different settings or behaviors over time, and a control group time series, which would involve repeated measures over time with a control group for comparison.
A year ago, you invested $2,500 in a savings account that pays an annual interest rate of 2.5%. What is your approximate annual real rate of return if the rate of inflation was 3.4% over the year?
Answer:
The answer is -0.8704%= -0.9%
Explanation:
A real rate of return is the annual percentage return realized on an investment, which is adjusted for changes in prices due to inflation or other external factors.
Real rate of return=[ (1+nominal rate) / (1+ inflation rate) - 1]
Real rate of return = (1.025/1.034) -1= -0.0087* 100= -0.087%
Final answer:
The approximate annual real rate of return on the $2,500 investment, with a nominal interest rate of 2.5% and an inflation rate of 3.4%, is -0.9%, indicating a decrease in value when considering inflation.
Explanation:
To calculate the approximate annual real rate of return on an investment when there is inflation, you subtract the inflation rate from the nominal interest rate earned on the investment. In this case, you invested $2,500 at an interest rate of 2.5%, and the inflation rate was 3.4% over the year. Therefore, the real rate of return would be calculated as follows:
Nominal interest rate - Inflation rate = Real rate of return
2.5% - 3.4% = -0.9%
Your real rate of return is approximately -0.9%, meaning your investment lost value when adjusted for inflation.
Which of the following scenarios describes an action that is not rational from an economic point of view? A. Eric buys a replacement ticket to the basketball game after he realizes that he accidentally left his original ticket at home. B. US Airways sells a last minute ticket to Don for $50 even though its average cost per passenger is $250. C. Emily chooses to attend a social event on Tuesday night instead of studying even though she has an important exam on Wednesday morning. D. After drinking one martini (shaken, not stirred), James buys and drinks a second martini even though the marginal benefit of the second martini is lower than the marginal benefit of the first. E. None of the above
Answer:
E. None of the above
Explanation:
The marginal benefit from the next unit decreases but the consumption goes on up to full satisfaction.
Eric wanted to watch the game and brought the replacement ticket is rational.
Emily choose to go to a social event is her rational choice
The last ticket has no marginal cost so the ticket selling below ATC is not the concern, profit is maximum at MR = MC and MC = 0 for the passenger at last minute.
None of the above statements describes the actions which could be regarded as rational from an economic point of view.
The rational economic view states that decision-making by customers is led by their rational choices granting them the highest utility. Thus, the statements given are not rational for economics as no event is causing any harm to economic welfare.
Thus, as per rationality in economics individuals are seen as making decisions in a certain manner, which is predictive that would be generating the greatest satisfaction to them.
Learn more about rational economic views here:
https://brainly.com/question/12559933
An investment pays you $30,000 at the end of this year, and $15,000 at the end of each of the four following years. What is the present value (PV) of this investment, given that the interest rate is 5% per year
The present value of the investment, given that the interest rate is 5% per year, is calculated by summing the present value of all future cash flows. In this example, the present value of the investment is approximately $79,230.
Explanation:The present value (PV) of an investment is calculated using the formula PV = CF / (1 + r)^n, where CF is the cash flow received at the end of each year, r is the interest rate, and n is the number of years. So for this problem, we have a cash flow of $30,000 at the end of this year and a cash flow of $15,000 at the end of each of the four following years with an interest rate of 5%.
The present value of the cash flows received can be calculated as follows:
For the $30,000 received at the end of this year, PV = $30,000 / (1 + 0.05)^1 = $28,571.43 For each $15,000 received at the end of each of the four following years, the present value is summed up as such:PV of year 2 = $15,000 / (1 + 0.05)^2 = $13,605.44PV of year 3 = $15,000 / (1 + 0.05)^3 = $12,957.56PV of year 4 = $15,000 / (1 + 0.05)^4 = $12,341.49PV of year 5 = $15,000 / (1 + 0.05)^5 = $11,753.80
To get the total present value of the investment, we add all the present values together: $28,571.43 + $13,605.44 + $12,957.56 + $12,341.49 + $11,753.80 = $79,229.72. So, the present value of this investment, given that the interest rate is 5% per year, is approximately $79,230.
Learn more about Present Value here:https://brainly.com/question/34554678
#SPJ3
To find the present value of the investment with varying cash flows, use the formula for Present Value of an Annuity to discount each payment back to its present value. The total present value of the investment is $85,676.34.
The present value (PV) of the investment can be calculated by discounting each cash flow back to its present value using the formula for Present Value of an Annuity:
Calculate the PV of $30,000 to be received at the end of the year using the formula: PV = $30,000 / (1 + 0.05)¹ = $28,571.43
Calculate the PV of the annuity payment of $15,000 each year for 4 years using the formula for Present Value of an Annuity: PV = $15,000 ×[(1 - (1 + 0.05)⁻⁴) / 0.05] = $57,104.91
Sum up the PV of the two components to find the total present value of the investment: PV = $28,571.43 + $57,104.91 = $85,676.34
According to Scott, the COO of Barcelona Restaurant Group, employees are given the opportunity and freedom to achieve organizational goals through a variety of different approaches, tasks, and decisions, based on the situation. This is most consistent with the a systems approach to management. b. contingency approach to management. c. classical perspective of management
Answer:
b. contingency approach to management.
Explanation:
The Contingency Approach to management tells us that there is no best style of management.
The Employees should in turn push to encourage to adopt situation specific management approach since It gives them an opportunity to explore new things and problem specific solutions.
Identify whether each of the following transactions will take place in an input market or in an output market, and whether firms or households are demanding the good or service or supplying the good service a. Anderson works 37 hours each week as a clerk at the county courthouse. b. Mei Lin purchases a 3-week Mediterranean cruise vacation for her parents. c. Caterpillar doubles employment at its Huntsville, Alabama factory. d. The Greyson family sells their 250-acre ranch to Marriott so it can build a new resort and golf course.
Answer:
The correct answers are explained below.
Explanation:
In the case of A, the household is providing the service and the transactions is taking place in an input market due to the fact that the service given by the particular person is used inside the court to provide a complete service to the community.
In the case of B, the firm is providing the service that is being demanded by the household and the transactions is taking place in an output market due to the fact that the complete service is already being purchased and demanded.
In the case of C, the household is providing the service and the firm is demanding the service of labor force and the transaction is taking place in an input market due to the fact that the firm needs the labor force to produce a new product to deliver to the output market as a finished product.
In the case of D, the household is providing the good and the firm is demanding the good and the transactions is taking place in an input market due to the fact that the firm is buying the good in order to establish a new building that will provide a finishied service to the customers in the future.
In the provided scenarios, when individuals are providing their labor or properties for firms to produce goods or services, like Anderson's job or the Greyson's property sale, these transactions are taking place in the input market. When an individual is acquiring a good or service from a firm, like Mei Lin's cruise purchase, this transaction is occurring in the output market.
Explanation:a. Anderson works 37 hours each week as a clerk at the county courthouse. This transaction takes place in the input market, where labor (Anderson's work hours) is being supplied by a household member (Anderson) to a firm (the county courthouse).
b. Mei Lin purchases a 3-week Mediterranean cruise vacation for her parents. This transaction occurs in the output market, where goods and services (the cruise) are being demanded by households (Mei Lin).
c. Caterpillar doubles employment at its Huntsville, Alabama factory. This is an example of an interaction in the input market, as the firm (Caterpillar) is demanding labor for its factory.
d. The Greyson family sells their 250-acre ranch to Marriott so it can build a new resort and golf course. This transaction occurs in the input market as a real estate (input) is being supplied by households (The Greyson family) to a firm (Marriott).
Learn more about Input and Output Market here:https://brainly.com/question/34547111
#SPJ3
Wii Brothers, a game manufacturer, has a new idea for an adventure game. It can market the game either as a traditional board game or as an interactive DVD, but not both. Consider the following cash flows of the two mutually exclusive projects for the company. Assume the discount rate is 9 percent.
Year Board Game DVD
0 -$1,200 -$2,700
1 690 1,750
2 950 1,570
3 210 800
What is the payback period for each project?
Answer:
The payback period of DVD is 1.61 years and for base game is 1.537 years.
Explanation:
Payback period is the period of time taken by a project to recover its initial outflow.
BOARD GAME
the initial outflow is $1200,
payback period
= 1 year (to recover $690) + 0.537 years [(1200-690)/950]
= 1.537 years.
DVD
the initial outlay is $2700
period to recover the same
= 1 yr (to recover $1750) + 0.6051 yrs [(2700-1750)/1570]
= 1.6051 years.
Therefore, The payback period of DVD is 1.61 years and for base game is 1.537 years.
A company assigns overhead cost to completed jobs on the basis of 115% of direct labor cost. The job cost sheet for Job 413 shows that $23,085 in direct materials has been used on the job and that $10,100 in direct labor cost has been incurred. A total of 1,400 units were produced in Job 413. Required: a. What is the total manufacturing cost assigned to Job 413? b. What is the unit product cost for Job 413?
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
A company assigns overhead costs to completed jobs based on 115% of direct labor cost.
Job 413:
Direct materials= $23,085
Direct labor= $10,100
A total of 1,400 units were produced in Job 413.
A) To calculate the total cost of Job 413, we need to use the following formula:
Total cost= total direct material + total direct labor + total overhead
TC= 23,085 + 10,100 + (10,100*1.15)= $44,800
B) The unitary cost is calculated by the division of the total cost on the number of units:
Unitary cost= total cost/Q= 44,800/1,400= $32
Interest versus dividend expense Michaels Corporation expects earnings before interest and taxes to be $ 42 comma 000 for the current period. Assuming a flat ordinary tax rate of 22 %, compute the firm's earnings after taxes and earnings available for common stockholders (earnings after taxes and preferred stock dividends, if any) under the following conditions: a. The firm pays $ 11 comma 500 in interest. b. The firm pays $ 11 comma 500 in preferred stock dividends.
Answer:
a. $23,790 ; $23,790
b. $42,000 ; 21,260
Explanation:
The computation is shown below:
a. For the first case
EBIT $42000
Less interest expense -$11,500
Earnings before taxes $30,500
Less: tax rate -$6,710 (22% of $30,500)
Earning after taxes $23,790
Less preferred dividend $0
Earnings available for common stockholders $23,790
b. For the second case
EBIT $42000
Less interest expense $0
Earnings before taxes $42,000
Less: tax rate -$9,240 (22% of $42,000)
Earning after taxes $32,760
Less preferred dividend $0-$11,500
Earnings available for common stockholders $21,260
Equity Information 50 million shares; $80 per share; Beta-:1.15; Market risk premium 9% Risk-free rate 5% Debt Information $1 billion in outstanding debt (face value); Current quote 110 Coupon rate 9%, semiannual coupons; 15 years to maturity; Tax rate: 40% 1.What is the cost of equity? 2.What is the cost of debt? 3.What is the after-tax cost of debt? 4.What are the capital structure weights? 5.What is the WACC?
Answer:
Ke = 15.35%
cost of debt: pretax 7.84%
after tax rate of 40% = 4.704%
Equity weight = 0.784313725
Debt Weight = 0.215686275
WACC 13.05380%
Explanation:
With the CAPM we solve for the cost of equity:
[tex]Ke= r_f + \beta (r_m-r_f)[/tex]
risk free = 0.05
premium market = (market rate - risk free) 0.09
beta(non diversifiable risk) = 1.15
[tex]Ke= 0.05 + 1.15 (0.09)[/tex]
Ke 0.15350
The cost of debt will be detrmiante by solve for the rate which makes the debt worth 110 of their value
[tex]C \times \frac{1-(1+r)^{-time} }{rate} = PV\\[/tex]
C 4.50 (100 x 9% / 2 payment per year)
time 30 ( 15 years x 2)
rate 0.039268264
[tex]4.5 \times \frac{1-(1+0.039268)^{-30}}{0.039268} = PV\\[/tex]
PV $78.5102
110.00
[tex]\frac{Maturity}{(1 + rate)^{time} } = PV[/tex]
Maturity 100.00
time 30.00
rate 0.03927
[tex]\frac{100}{(1 + 0.039268)^{30} } = PV[/tex]
PV 31.4898
PV c $78.5102
PV m $31.4898
Total $110.0000
(the debt is quoted 110 so we need to solve for that amount)
we get 0.0392 semiannual rate using excel we multiply by 2 to get the annual costof debt:
0.0392 x 2 = 0,0784
after tax:
0.0784 x (1 - 0.4) =0.04704
the weights are calcualte with the market values
D 1,100,000,000 (1 billon x 110/100)
E 4,000,000,000 (50,000,000 x $80)
V 5,100,000,000
Now, we plug all the data and sovle for the WACC
[tex]WACC = 0.1535(0.784313725490196) + 0.0784(1-0.4)(0.215686274509804)[/tex]
WACC 13.05380%
Industries’ capital structure features 63 percent equity, 7 percent preferred stock, and 30 percent debt. If the before-tax component costs of equity, preferred stock, and debt are 11.60 percent, 9.5 percent, and 9 percent, respectively, what is MNINK’s WACC if the firm faces an average tax rate of 21 percent and can make full use of the interest tax shield?
Answer:
16.091%
Explanation:
The computation of the WACC is shown below:
= (Weightage of debt × cost of debt) × ( 1- tax rate) + (Weightage of preferred stock) × (cost of preferred stock) + (Weightage of common stock) × (cost of common stock)
= (0.3 × 9%) × ( 1 - 21%) + (0.07 × 9.5%) + (0.63 × 11.60%)
= 2.133% + 6.65% + 7.308%
= 16.091%
Basically we multiplied the weightage with its cost
Springer Corporation had the following transactions in August: Earned $ 5 comma 000 of revenues on account; collected $ 6 comma 000 from a customer for services provided last month; incurred $ 800 of repair expense and paid cash; paid $ 600 for rent that it owed from the previous month. What is the net income in August?
Answer:
$4,200
Explanation:
Data provided in the question:
Revenue earned = $5,000
Amount collected from a customer for service = $6,000
Repair expense = $800
Rent paid = $600
Now,
we know
Net income = Revenue earned - Expense incurred
or
Net income = Revenue earned - Repair expense
Net income = $5,000 - $800
Net income = $4,200
To calculate the net income in August for Springer Corporation, we need to consider the revenues and expenses during that month. The net income is calculated by subtracting the total expenses from the total revenues. In this case, the net income in August is $9,600.
To calculate the net income in August, we need to consider the revenues and expenses during that month. From the information given, we know that Springer Corporation earned $5,000 of revenues on account and collected $6,000 from a customer for services provided last month. These are both revenues. On the expense side, Springer incurred $800 of repair expense and paid cash, and also paid $600 for rent owed from the previous month. The net income is calculated by subtracting the total expenses from the total revenues: (Revenues - Expenses).
In this case, the total revenues are $5,000 + $6,000 = $11,000. The total expenses are $800 + $600 = $1,400. Therefore, the net income in August is $11,000 - $1,400 = $9,600.
Learn more about Net income here:https://brainly.com/question/34630254
#SPJ3
The total of all outputs produced by the transformation process divided by the total of the inputs is: A. utilization. B. defined only for manufacturing firms. C. multifactor productivity. D. greater in manufacturing than in services. E. single-factor productivity.
Answer:
The correct answer is letter "C": multifactor productivity.
Explanation:
Multifactor productivity refers to how the combination of labor and capital is translated in the maximization of manufacturing goods or rendering services. Changes in the factor of multifactor productivity reflect fluctuations in management, adjustment costs, and economies of scale.
Answer: C. multifactor productivity.
Explanation: Multifactor productivity measures the efficiency of all inputs used in the production process, considering multiple factors rather than a single input.
The commercialization of the electric car was supported by the need for a vehicle that polluted less and ____ Select one: a. cost less b. did not rely on foreign oil c. supported wiFi d. were larger
Answer:
did not rely on foreign oil
Explanation:
An electric car is considered as the latest advancement in the field of the automobile industry. The main focus behind introducing the electric car is pollution and dependency on foreign oil.
Both the above factors are important for any developing country. The pollution is main cause of polluting the environment globally hence it is a vital need to introduce something that produce less pollution. As we know when the oil burns it releases the carbon monoxide in the atmosphere which is the main cause behind raising the average temperature of earth atmosphere
On the other side, we have a dependency on foreign oil. We know that the government pays a huge amount of money in purchasing oil from foreign land thus by introducing an electric car we can save this amount of money and can be used for a different purpose
Answer:
The correct answer is letter "B": did not rely on foreign oil.
Explanation:
Nowadays, electric cars are in the process of expansion, attempting to reach new markets where infrastructure is still in progress for the massive offerings. Most major carmakers are developing the manufacturing of electric cars as the result of avoiding dealing with changing prices in the foreign oil industry and because oil is a non-renewable natural resource, which implies it will be scarce in the future even if those days are not near yet.
On June 30, 2021, the Esquire Company sold some merchandise to a customer for $40,000. In payment, Esquire agreed to accept a 5% note requiring the payment of interest and principal on March 31, 2022. The 5% rate is appropriate in this situation.
Required:
1. Prepare journal entries to record the sale of merchandise (omit any entry that might be required for the cost of the goods sold), the December 31, 2021 interest accrual, and the March 31, 2022 collection.
2. If the December 31 adjusting entry for the interest accrual is not prepared, by how much will income before income taxes be over-or understated in 2021 and 2022?
Answer:
Notes Receivables 40,000 debit
Sales revenue 40,000 credit
-- to record the sale and the accepted promissory note--
interest receivables 1,000 debit
interest revenue 1,000 credit
--to adjust for interest at year-end ---
Cash 41,500 credit
Notes Receivables 40,000 credit
Interest receivables 1,000 credit
Interest revenue 500 credit
--to record the maturity and honor of the note--
If we didn't make the adjusting entr. the 2021 income will be understated by 1,000 and the 2022 overstated by 1000
as we assing the 6 month of interest from 2021 into 2022 accounting period.
Explanation:
We record the sales reveneu for the nominal. over time we are going to accrue interest.
principal x rate x time = interest
we should express rate and time in the same metric, in this case as teh rate is annual we express time in portion of a year (X month / 12)
Adjusting entry at year-end
40,000 x 5% x 6 /12 = 1,000 interest revenue
At maturity:
40,000 x 5% x 3/12 = 500 interest revenue
And we have to write-of the note receivable and the interest receivables.
1) Journal Entry to Record Sale of Merchandise on June 30, 2021: Accounts Receivable - 40,000, Sales – 40,000. 2. Journal Entry for December 31, 2021 Interest Accrual: Interest Receivable - 1000, Notes Receivable - 40000 and Cash – 41000. 2) Income before income taxes will be understated by $1,000 in 2021 and there will be no impact on income before income taxes in 2022.
Part 1: Prepare Journal Entries
1. Journal Entry to Record Sale of Merchandise:
[tex]\[ \text{Accounts Receivable} \quad \quad \quad 40,000 \][/tex]
[tex]\[ \text{Sales} \quad \quad \quad \quad \quad \quad \quad 40,000 \][/tex]
To record the sale of merchandise on June 30, 2021.
2. Journal Entry for December 31, 2021 Interest Accrual:
To calculate interest accrued from June 30, 2021, to December 31, 2021:
[tex]\[ \text{Interest} = \text{Principal} \times \text{Annual Interest Rate} \times \text{Time} \][/tex]
Where:
Principal = $40,000
Annual Interest Rate = 5% = 0.05
Time = 6/12 = 0.5 year (from June 30 to December 31)
[tex]\[ \text{Interest Accrued} = 40,000 \times 0.05 \times 0.5 = 1,000 \][/tex]
Journal entry to record the interest accrual:
[tex]\[ \text{Interest Receivable} \quad \quad \quad 1,000 \][/tex]
[tex]\[ \text{Interest Revenue} \quad \quad \quad \quad 1,000 \][/tex]
To accrue interest revenue for the period from June 30, 2021, to December 31, 2021.
3. Journal Entry for March 31, 2022 Collection:
On March 31, 2022, the note plus accrued interest will be collected:
[tex]\[ \text{Accounts Receivable} \quad \quad \quad 41,000 \][/tex]
[tex]\[ \text{Interest Receivable} \quad \quad \quad \quad \quad \quad (1,000) \][/tex]
[tex]\[ \text{Notes Receivable} \quad \quad \quad \quad \quad \quad (40,000) \][/tex]
[tex]\[ \text{Cash} \quad \quad \quad \quad \quad \quad \quad \quad \quad 41,000 \][/tex]
To record the collection of the note and interest on March 31, 2022.
Part 2: Impact on Income Before Income Taxes
If the adjusting entry for the interest accrual on December 31, 2021, is not prepared, the impact on income before income taxes in 2021 and 2022 would be as follows:
2021:
Without the interest accrual entry, interest revenue of $1,000 would not be recognized.
Income before income taxes in 2021 would be understated by $1,000.
2022:
If the interest accrual is not adjusted, there would be no impact on 2022 since the interest would be recognized upon collection.
As a result of increased tensions in the Middle East, oil production is down by 1.21 million barrels per day – a 5 percent reduction in the world's supply of crude oil. Explain the likely impact of this event on the market for gasoline and the market for small cars.The gasoline market will have:A. higher equilibrium prices and higher equilibrium quantity.B. lower equilibrium prices and higher equilibrium quantity.C. lower equilibrium prices and lower equilibrium quantity.D. higher equilibrium prices and lower equilibrium quantity.The small car market will have:A. higher equilibrium prices and lower equilibrium quantity.B. higher equilibrium prices and higher equilibrium quantity.C. lower equilibrium prices and higher equilibrium quantity.D. lower equilibrium prices and lower equilibrium quantity.
Answer:
Gasoline market
D. higher equilibrium prices and lower equilibrium quantity
Car market
A. higher equilibrium prices and lower equilibrium quantity
Explanation:
As the demand supplies decreases, the equilibrium quantity will decrease while the price increase Assuming everything else remains constant.
The car market from which gasoline plays a lead cost of the automobile industry will also suffer a decrease in the supply as higher input cost makes the price go up.
Higher input cost makes supply decrease as well.
Also the demand for car will decreaase as the maintenance cost associate with a car may decrease the demand
This will defenetively decrease the quatity and make the price go up.
Increased tensions in the Middle East resulting in a 5 percent reduction in the world's supply of crude oil would likely lead to higher equilibrium prices and lower equilibrium quantity in the gasoline market, and lower equilibrium prices and higher equilibrium quantity in the small car market.
Explanation:The likely impact of a 5 percent reduction in the world's supply of crude oil due to increased tensions in the Middle East would result in higher equilibrium prices and lower equilibrium quantity in the gasoline market. This is because a decrease in oil production would lead to a decrease in gasoline supply, which in turn would increase the price of gasoline.
In the small car market, the impact would result in lower equilibrium prices and higher equilibrium quantity. This is because with higher gasoline prices, consumers would likely shift towards smaller, more fuel-efficient cars, increasing the demand for small cars and decreasing their prices.
Learn more about Impact of increased tensions in the Middle East on gasoline and small car markets here:https://brainly.com/question/32674496
#SPJ3
A seller uses a perpetual inventory system, and on April 18, a customer discovers that merchandise previously purchased is defective The buyer decides to keep the defective merchandise and the seller allows a $15 price reduction, paid in cash to the buye Complete the journal entry to record the allowance granted to the buyer by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns
Answer:
accounts payable 15 debit
merchandise inventory 15 credit
Explanation:
the price deduction will reduce the amount due to the supplier. Also this will represent the decrease in the value of the merchandise so the merchandise inventory account should decrease in the magnitude.
The account payable is a liability to make it decrease we post on debit
while, the merchandise is an asset therefore it should be credited.
Answer - Sales Returns and allowances debit 15
Cash credit 15
Explanation:
its ocrrect
An oligopolistic market structure is distinguished by several characteristics, one of which is either homogeneous or differentiated products. What are some other characteristics of this market structure? Check all that apply.
Answer:
Other characteristics of oligopolistic market are
Interdependence of firmsPossibility of collusionSome barriers to entryFirm concentration ratio > 50%Few sellersExplanation:
Firms act in collaboration with others they can not act independently.
Firms can collude with one another and by doing so they maximize industry profits.
Barrier to entry and exist firms are nor free to enter and exit from market.
National GeographicMagazine brought a bit of nature to New York as part of a week-long event promoting the magazine's October 2006 cover story on parks. The magazine hosted an interactive photography exhibit, which celebrated international and national parks. Invitations to representatives of the news media were an attempt to use which element of the promotional mix?
A. advertising
B. personal selling
C. public relations
D. sales promotion
E. distribution
The correct answer is C. public relations.
Explanation:The correct answer is C. public relations. By inviting representatives of the news media to the event, National Geographic Magazine was using public relations as an element of the promotional mix. Public relations involves building and maintaining relationships with the public, including the media, to enhance the organization's image and reputation. In this case, National Geographic Magazine used the event to promote their magazine and generate positive publicity.
Learn more about Promotional mix here:https://brainly.com/question/20879094
#SPJ3
The National Geographic Magazine used option C) public relations element of the promotional mix through their interaction with news media to promote their park's cover story.
Explanation:The National Geographic Magazine, in sending invitations to representatives of the news media for an event promoting their parks cover story, was utilizing the option C) public relations element of the promotional mix. Public relations refers to activities aimed at promoting goodwill and a positive image between an organisation and its public. In this case, by inviting news media, the magazine likely sought positive coverage of their event, which serves to influence public opinion and create a favourable image.
Learn more about public relations here:https://brainly.com/question/29806106
#SPJ2
Suppose the own price elasticity of demand for good X is -3, its income elasticity is -3, its advertising elasticity is 4, and the cross-price elasticity of demand between it and good Y is 2. Determine how much the consumption of this good will change in percentage if:
a. The price of good X decreases by 7 percent.
b. The price of good Y increases by 9 percent.
c. Advertising decreases by 2 percent.
d. Income increases by 5 percent.
Answer:i dont know
Explanation:
All of the following are characteristics of an effective design process except
a. increasing the design time for new products and services.
b. meeting customer requirements in the least costly manner.
c. matching product or service characteristics with customer requirements.
d. minimizing the number of revisions needed to make the design workable.
Answer:
The correct answer is letter "A": increasing the design time for new products and services.
Explanation:
Many steps can be taken to effectively design a product before its release. Those steps could imply studying the client in brief, make market research, brainstorming potential product ideas, sketching the most feasible, developing a concept, revision, and completion.
Increasing more time designing new products or services is counterproductive to finish the design product on time.
Characteristics of an effective design process include meeting customer demands cost-effectively, aligning product features with those demands, and minimizing necessary revisions, but not intentionally increasing the design time.
All of the following are characteristics of an effective design process except increasing the design time for new products and services. The elements that contribute to a successful design process include meeting customer requirements in a cost-effective manner, ensuring the product or service traits match customer expectations, and minimizing the revisions required to make a design practical and functional.
Efficient design processes are crucial for crafting products that satisfy the end-user's needs while also being economically viable for the company. These processes entail iterative testing, prototyping, and refinement steps that often lead to multiple versions before reaching the final product. However, an effective design process should not purposefully extend the design timeframe; instead, it should seek to be as timely and resource-efficient as possible, keeping in mind the constraints of budget and project deadlines. Notably, the engineering design process should be flexible and adaptable, subject to continuous improvement to meet the changing dynamics of both the market and project-specific objectives.
Hence, The characteristics of an effective design process except is Increasing the design time for new products and services are
How will you close skill gaps between what you feel you possess and what employers perceive you have? Multiple Choice be motivated to learn share diverse experiences have a high level of energy and an orientation toward action believe in personal control of destiny seek high levels of achievement
Explanation:
be motivated to learn : This would be right choice. The reason is that, the gap is because we need to learn some more to reach the expectation of employer. So learning should be life long.
share diverse experiences: Sharing experience does not fill the gap, only proving fills it.
have a high level of energy and an orientation toward action: This seems to be closer, but learning stands first and then putting into action.
believe in personal control of destiny: Self-belief is always essential, but only learning can fill the gap.
seek high levels of achievement: High level of achievement can be done only through learning.
Closing skill gaps involves being motivated to learn, sharing diverse experiences and maintaining a high level of energy and action orientation. It also means believing in your personal control over destiny, and seeking high levels of achievement.
Explanation:Closing skill gaps between what you perceive you possess and what employers think you have involves a multi-faceted approach. The key components are self-motivation to learn, understanding and acknowledging the need for diverse experiences, and maintaining a high level of energy with an action-oriented approach.
Firstly, be motivated to learn. Constant learning and adapting to new skills is crucial. Find resources and training to improve in areas you feel deficient. Consider online courses, books, and seminars that can help you learn and refine your skills.
Secondly, share diverse experiences. This can be achieved by taking up different roles, responsibilities or projects that not only build your skills but also enhance your ability to adapt and innovate.
Thirdly, maintain a high energy level and an orientation towards action. This essentially means being proactive and showing your eagerness to put your skills to use. Employers appreciate individuals who are action-oriented and ready to contribute.
Furthermore, believing in your personal control of destiny and seeking high levels of achievement will also help to bridge this gap. It's about being accountable and showing a commitment to achieving results.
Learn more about Closing Skill Gaps here:https://brainly.com/question/34319687
#SPJ3
A borrower takes out an interest-only loan at 6% for $1,000,000 with a 10 year term. What is the monthly payment on this loan? (State your answer as a positive number, rounded to two decimal places.)
Answer:
The answer is $500
Explanation:
a: 1,000,000 the amount of the loan
r: 0.06 (6% expressed as 0.06)
n: 120 (based on monthly payments * 10 years)
monthly payment = (amount * r )/ 12
monthly payment = ($1,000,000* 0.06) /120 = $500
Pele Arnaz is a plant foreman for a generator manufacturer. He spends his day carrying out operational plans for the ongoing daily activities of the plant. Arnaz is a ____ manager.A. functional
B. coordination
C. supervisory
D. middle
E. stratrgic
Answer:
The correct answer is letter "C": supervisory.
Explanation:
Supervisory management is the type of role executives play when there is little involvement with the direct activities of employees. These types of managers tend to be more worried about making plans to achieve the firm's goals. However, the executive still imposes regulations and enforces corporate norms when necessary.
Pele Arnaz is a supervisory manager, responsible for day-to-day task accomplishment and overseeing the daily activities of the plant he manages.
Pele Arnaz, as a plant foreman for a generator manufacturer who spends his day carrying out operational plans and managing daily activities of the plant, is best described as a supervisory manager. This type of manager falls into the category characterized by focusing on the day-to-day task accomplishment, maintaining establishment, and adhering to the rules and regulations. According to Hersey and Blanchard's situational-leadership model, Arnaz's role involves overseeing the day-to-day tasks of his subordinates, which aligns closely with the supervisory level of management within the organization.
Hence, Pele Arnaz, as a plant foreman for a generator manufacturer who spends his day carrying out operational plans and managing daily activities of the plant, is best described as a supervisory manager.
Would you pay $12 for a cup of coffee? Starbucks is betting enough people will say "yes," as it launches a chain of luxury coffee shops called Starbucks Reserve.Which generation(s) do you expect Starbucks Reserve to attract: baby boomers (ages 53 and over), generation X (ages 33 to 52), or millennials (ages 13 to 32)? Briefly explain. To be successful as a luxury coffee bar, how does Starbucks need to distinguish Starbucks Reserve coffee shops from its standard Starbucks coffee shops?
Final answer:
Starbucks Reserve aims to attract millennials by offering a luxury coffee experience that includes exclusive selections, upscale service, and a sophisticated environment. Millennials are likely targets due to their desire for experiences and tendency to spend more time in coffee shops.
Explanation:
Starbucks' decision to launch luxury coffee shops known as Starbucks Reserve is strategically aimed at attracting a specific demographic, most likely the millennials (ages 13 to 32). This generation is known for valuing experiences over products and may be more willing to pay a premium for a high-end coffee experience that emphasizes quality, exclusivity, and social status. Furthermore, millennials have a stronger tendency to integrate café culture into their lifestyle, seeing coffee shops as places to socialize, work, and relax, rather than just locations to get a quick caffeine fix.
To ensure success, Starbucks Reserve must differentiate itself from standard Starbucks coffee shops. This can be achieved by offering an exclusive selection of single-origin coffees, providing a more personalized and upscale service, and designing a sophisticated and comfortable environment that enhances the overall customer experience. The emphasis should be on luxury, uniqueness, and a heightened level of customer engagement.
The following transactions pertain to the operations of Blair Company for 2014:
1. Acquired $23,400 cash from the issue of common stock.
2. Performed services for $43,000 cash.
3. Paid a $27,200 cash advance for a one-year contract to rent equipment.
4. Recognized $32,200 of accrued salary expense.
5. Accepted a $1,600 cash advance for services to be performed in the future.
6. Provided $16,900 of services on account.
7. Incurred $7,350 of other operating expenses on account.
8. Collected $5,400 cash from accounts receivable.
9. Paid a $9,000 cash dividend to the stockholders.
10. Paid $18,000 cash on accounts payable.
a. Classify the cash flows from these transactions as :
Operating activities (OA),
Investing activities (IA), or
Financing activities (FA).
Use NA for transactions that do not affect the statement of cash flows.
b. Prepare a Statement of Cash flows.
(There is no beginning cash balance.) (Amounts to be deducted should be indicated with a minus sign.)
Answer:
The items of cash flows are classified as follows:
1. Acquired $23,400 cash from the issue of common stock. (FA)
2. Performed services for $43,000 cash. (OA)
3. Paid a $27,200 cash advance for a one-year contract to rent equipment. (OA)
4. Recognized $32,200 of accrued salary expense. (NA)
5. Accepted a $1,600 cash advance for services to be performed in the future. (OA)
6. Provided $16,900 of services on account. (NA)
7. Incurred $7,350 of other operating expenses on account. (NA)
8. Collected $5,400 cash from accounts receivable. (OA)
9. Paid a $9,000 cash dividend to the stockholders. (FA)
10. Paid $18,000 cash on accounts payable.(OA)
b.The increase in cash and cash equivalents in the year is $19200 as shown below
Explanation:
Blair Company Statement of Cash Flows:
$
Cash Sales 43000
Equipment rent -27200
Service Advance Cash 1600
Accounts receivable 5400
Accounts payable -18000
Cash flows from operating activities 4800
Financing activities
Common stock 23400
Dividends -9000
14400
19200
If the present value of an investment is $500 and the interest rate is 6%, how much will the investment be worth in 12 years?
Answer:
Amount after 12 year will be 1006.098
Explanation:
We have given present value of the investment, that is present value P = $500
Rate of interest r = 6 %
Time period is given n = 12 years
We have to fond the total investment after 12 years
Future value is given by
[tex]A=P(1+\frac{r}{100})^n[/tex], here A is future value P is principal amount r is rate of interest and n is time period
So future value will be equal to
[tex]A=500\times (1+\frac{6}{100})^{12}[/tex]
[tex]A=500\times1.06^{12}[/tex]
[tex]A=500\times2.012=1006.098[/tex]
So amount after 12 years will be $1006.098
Indicate whether it would appear on the statement of cash flows as a(n): operating activity, investing activity, or financing activity. a. Cash receipts from customers. b. Issuance of common stock for cash. c. Payment of cash dividends. d. Cash purchase of equipment. e. Cash payments to suppliers. f. Sale of old machine for cash
Answer:
a. Cash receipts from customers - operating activity
b. Issuance of common stock for cash - financing activity
c. Payment of cash dividends- financing activity
d. Cash purchase of equipment- investing activity
e. Cash payments to suppliers- operating activity
f. Sale of old machine for cash- investing activity
Explanation:
Activities such as cash receipts from customers and payments to suppliers fall within operating activities. Issuance of common stock for cash and payment of cash dividends are financing activities while cash purchase of equipments and sale of old machine for cash are investing activities.
Explanation:The categorization of these activities in the statement of cash flows would be as follows: a. Cash receipts from customers - This falls under operating activities because it is a regular business activity. b. Issuance of common stock for cash - This is a financing activity as it involves raising capital. c. Payment of cash dividends - This is also a financing activity as it relates to paying returns to shareholders. d. Cash purchase of equipment - This activity is an investing activity as it involves the acquisition of a long-term asset. e. Cash payments to suppliers - This falls under operating activities as it is a regular business activity. f. Sale of old machine for cash - This is an investing activity because it involves disposal of a long-term asset.
Learn more about Statement of Cash Flows here:https://brainly.com/question/32701049
#SPJ3
On January 1, 2018, the company purchased equipment that cost $10,000. The equipment is expected to be worth about (or has a salvage value of) $1,000 at the end of its useful life in five years. The company uses straight-line depreciation. It has not recorded any adjustments relating to this equipment during 2018. Complete the necessary journal entry.
Answer:
The journal entries are as follows:
(i) On January 1, 2018
Equipment A/c Dr. $10,000
To cash A/c $10,000
(To record the purchase of equipment)
(ii) On December 31st,
Depreciation expense A/c Dr. $1,800
To Accumulated depreciation - equipment $1,800
(To record the accumulated depreciation on equipment for the year 2018 under the straight line method)
Workings:
Depreciation:
= (Cost of the equipment - Salvage value) ÷ Useful life
= ($10,000 - $1,000) ÷ 5
= $9,000 ÷ 5
= $1,800
Final answer:
To complete the journal entry for straight-line depreciation on equipment costing $10,000 with a salvage value of $1,000 over 5 years, you would debit Depreciation Expense and credit Accumulated Depreciation for $1,800.
Explanation:
The question involves calculating the straight-line depreciation expense for a piece of equipment based on its cost, salvage value, and useful life.
For the given equipment which cost $10,000 and has a salvage value of $1,000 after its 5-year useful life, the annual depreciation expense would be calculated as follows:
(Cost of the Equipment - Salvage Value) / Useful Life in Years = Annual Depreciation Expense
($10,000 - $1,000) / 5 years = $1,800 per year
The journal entry on December 31, 2018, to record the annual depreciation would be:
Debit Depreciation Expense: $1,800
Credit Accumulated Depreciation: $1,8000
This entry reduces the net book value of the equipment on the balance sheet and recognizes the expense on the income statement.
By referring to the attorney by his title but calling other employees by their first names, the law firm is transmitting their organizational culture through _______.
A.material symbols
B.artifacts
C.rituals
D.language
E.legends
The law firm is transmitting their organizational culture by differentiating how it addresses the attorney and other employees, this is done through the use of language.
Explanation:By referring to the attorney by his title but calling other employees by their first names, the law firm is transmitting its organizational culture through language. This use of language is a clear example of how an organization communicates its hierarchical structure, esteem for roles, and expectations for professionalism. Just like rituals, artifacts, or symbols, language is a key component that helps shape and convey an organization's culture to its members and those interacting with it. Therefore, it is highly important to use language appropriately in an organizational context.
Learn more about Organizational Culture here:https://brainly.com/question/33753839
#SPJ3
The law firm is transmitting their organizational culture through the use of language, which reflects their values and beliefs.
By referring to the attorney by his title but calling other employees by their first names, the law firm is transmitting their organizational culture through language. This aspect of communication is a way culture manifests itself within an organization. Language, part of nonmaterial culture, includes the values, beliefs, symbols, and language that define a society. Given the context described, using titles for certain employees can convey values such as respect for hierarchy, formality, or professionalism, while first names suggest a more casual or personable approach to others. These practices contribute to the cultural makeup and social environment of the firm.