Answer:
C. Cost management
Explanation:
Cost management is a process or method of reducing cost of operation or production expenses of the business so as to provide cheaper goods and/or services to consumers.
It helps a firm forecast future expenditures in other to achieve their budgeting goals.
Just For Me is a line of hair care products for pre-teenage girls, that is, girls between the ages of eight and twelve. This is the age when many young girls start to care about their looks and want to make their own decisions regarding their grooming. The manufacturer of this brand decided to use television advertising to inform and persuade girls about this line of products. Taylor Swift, a singer and actress who is popular with the target market, appears in the Just For Me commercial claiming the benefits of the product. Swift is well liked, respected, and believable to this target market. The ads are very successful. What is the most likely reason for the success of this campaign
When preparing a representative sample from a list of 200 customers who complained about errors in their statements, a _____ could ensure the sample is balanced geographically by selecting five customers from each of four zip codes.
A• Random sample
B• Comprehensive Sample
C• Stratified sample
D• Systematic sample
Answer:
C. Stratified sample
Explanation:
Stratified sample -
It is the method of sampling , where the distribution of the samples are done on the basis of certain partition in the complete population , is referred to as stratified sampling .
The distribution can be done on the basis of the geographical area or conditions , as the division makes the sampling method fast and efficient .
Hence , from the given scenario of the question ,
The correct option is C. Stratified sample .
The correct sampling method for a sample that is balanced geographically is a stratified sample. Cluster sampling and systematic sampling are other types of sampling methods used in different scenarios.
Explanation:When preparing a representative sample from a list of 200 customers who complained about errors in their statements, a stratified sample could ensure the sample is balanced geographically by selecting five customers from each of four zip codes. This method divides the population into smaller groups, or strata, based on shared characteristics - in this case, geographic location. Each stratum is then sampled proportionally, ensuring that all groups are represented in the final sample.
In the department store employee satisfaction survey example, selecting four departments at random and interviewing all employees in those departments is an example of cluster sampling. Here, entire groups, or clusters, are randomly selected, and all members within those selected clusters are included in the sample.
Similarly, if a health club wanted to understand member usage and decided to ask every tenth customer on a specified day to complete a survey, this would be an example of systematic sampling. In this method, members of the population are selected at regular intervals to form the sample.
The management of Blue Ocean Company estimates that 50,000 machine-hours will be required to support the production planned for the year. It also estimates $300,000 of total fixed manufacturing overhead cost for the coming year and $4 of variable manufacturing overhead cost per machine-hour. What is the predetermined overhead rate? $10.00 per machine-hour $12.50 per machine-hour $8.00 per machine-hour $6.00 per machine-hour
Answer:
$6.00 per machine-hour
Explanation:
Total estimated manufacturing overhead = $300,000
Estimated machine hours = 50,000 hours
Predetermined overhead rate = Total estimated manufacturing overhead / Estimated machine hours
Predetermined overhead rate = $300,000 / 50,000 machine hours
Predetermined overhead rate = $6 per machine hour
So, The correct asnwer is $6.00 per machine-hour.
Answer:
$10 per MH
Explanation:
Estimated total overhead cost = $300,000 + ($4 per MH × 50,000 MHs) = $500,000
Predetermined overhead rate = Estimated total overhead cost of $500,000 ÷ 50,000 MHs = $10 per MH
t the beginning of the year, Addison Company's assets are $300,000 and its equity is $100,000. During the year, assets increase $80,000 and liabilities increase $50,000.
What is the equity at the end of the year?
2. Office Store has assets equal to $123,000 and liabilities equal to $47,000 at year-end.
What is the total equity for Office Store at year-end?
3. At the beginning of the year, Quaker Company's liabilities equal $70,000. During the year, assets increase by $60,000, and at year-end assets equal $190,000. Liabilities decrease $5,000 during the year.
What are the beginning and ending amounts of equity?
The year-end equities for Addison Company, Office Store and Quaker Company are $330,000, $76,000, and $125,000 respectively.
Explanation:The equity can be calculated if you have the assets and liabilities. The formula to calculate equity is: Equity = Assets - Liabilities.
Addison Company: At the beginning of the year, assets are $300,000 and equity is $100,000. During the year, assets increase by $80,000, and liabilities increase by $50,000. So, the ending assets are $380,000 ($300,000 + $80,000). Subtract the increase in liabilities from the end-year assets to get the year-end equity: Equity = $380,000 - $50,000 = $330,000.Office Store: Its assets are $123,000 and liabilities are $47,000. So, the equity would be: Equity = $123,000 - $47,000 = $76,000.Quaker Company: Initially, liabilities are $70,000. During the year, assets increase by $60,000, and at year-end, assets are $190,000. Liabilities decrease by $5,000. So, at the start of the year, Equity = $130,000 (Initial Assets - Initial Liabilities = $200,000 - $70,000). At the end of the year, Equity = $190,000 - $65,000 = $125,000.Learn more about Equity Calculation here:https://brainly.com/question/32410697
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Sumner sold equipment that it uses in its business for $30,800. Sumner bought the equipment a few years ago for $79,600 and has claimed $39,800 of depreciation expense. Assuming that this is Sumner's only disposition during the year, what is the amount and character of Sumner's gain or loss?
Answer:
The correct answer is loss of $9,000 and section 1231.
Explanation:
According to the scenario, the given data are as follows:
Purchase amount of equipment = $79,600
Depreciation expense = $39,800
Sold value = $30,800
So, to calculate the amount of gain or loss we use the following formula:
Gain or loss = Sold value - ( purchase value - depreciation expense)
= $30,800 - ( $79,600 - $ 39,800 )
= $30,800 - 39,800
= -$9,000
As the value is in negative, it shows loss.
Hence, It shows the loss of $9,000 under section 1231.
Barter is a. illegal in the United States. b. an efficient system of exchange. most useful when there is much specialization and international trade. d. only possible if money is used as a e. the direct exchange of goods without the use of money. c. medium of exchange
Answer:
the direct exchange of goods without the use of money
Explanation:
Trade by barter is the exchange of goods for goods. Money isn't used in a barter system.
Trade by barter has some inefficiencies such as double coincidence of wants, lack of standard unit of account etc
I hope my answer helps you
Boris works as a receptionist. He's happy with his salary, he gets along well with his coworkers and his boss, there's no stress, and he can get all of his tasks done proficiently. However, he feels unfulfilled and hopes to get a different job soon. Which of the following does Boris lack?a. person-group fit
b. person-job fit
c. person-organization fit
d. person-vocation fit
Answer:
D) person-vocation fit
Explanation:
Person-vocation fit refers to the relationship between Boris's work and his true vocation. Vocation means the job that you really like to do or feeling strongly about doing.
In this case, Boris is good at doing his job and gets along well with his co-workers, but he really doesn't enjoy what he is doing and probably feels that he would be happier doing something else.
The Federal personal income tax is:_______
a) proportional, and the incident is on the taxpayer
b) average, and the incident is on the consumer
c) regressive, and the incident is on the taxpayer
d) progressive, and the incident is on the taxpayer
Answer:
D. Progressive and the incident is on the tax payer
Explanation:
The federal personal income tax is a progressive tax because the tax increases as the income of the individual increases.
A progressive tax system is where higher tax rate falls on high income earners and lower tax rate on low income earners. The incident of personal income tax is on the tax payers because they the burden of paying the tax is borne by them.
Paragraph Styles Rolling Coast Inc. issued BBB bonds two years ago. These bonds provided a yield to maturity (YTM) of 11.5 percent. Long-term risk-free government bonds were yielding 8.7 percent at the time. The current risk premium on BBB bonds versus government bonds is half of what it was two years ago. If the risk- free long-term government bonds are currently yielding 7.8 percent, then at what interest rate should Rolling Coast expect to issue new bonds? Group of answer choices 7.8% 8.79 9.2% 10.2% 12.9%
Answer:
Explanation:
The risk premium two years back = 11.5 - 8.7 = 2.8 %
current risk premium = 2.8/2 = 1.4%
Current risk free bond yields 7.8 %
So Rolling Coast expected rate of interest on bonds = 7.8 + 1.4
= 9.2 %
St. Jude Medical makes cardiovascular medical devices, including the world's most widely used mechanical heart valve. Its products include tissue heart valves, pacemakers, and implantable cardiovascular defibrillators. St. Jude's innovation in cardiac devices helps it outperform rivals, and thus provides it with
A Competitive advantage T/F
Answer:TRUE
Explanation: Competitive advantage is a term used in business or economics to refer to Opportunity gained by a business organization over others either through REDUCED PRICE,BETTER QUALITY OF PRODUCT OR SERVICE,THROUGH ECONOMIES OF SCALE, THROUGH INNOVATION etc an organization with a good Competitive advantage will generate more Revenue compared to others. Competitive advantage helps to make an organization better than others.
Answer:
Competitive Advantage
Explanation:
A competitive advantage refers to a condition that allows a company (e.g. St. Jude Medical) to offer better products than the competition at the same price, or offer similar products at a lower price.
In this specific case, St. Jude Medical is able to sell better products (mechanical heart valves, tissue heart valves, pacemakers, and implantable cardiovascular defibrillators) at similar prices than its competitors.
If a company offers a better product at a higher price, they do not have any type of competitive advantage. Competitive advantages result from higher efficiency and lower opportunity costs.
During the year, Cathy received the following:_______.
A) Dividends of $4,000 from Lindsay Corporation. Cathy's father owns the stock and directed the corporation to send the dividends to Cathy.
B) A car worth $30,000 for being the 1,000th customer at a car dealership.
C) $5,500 cash gift from her uncle.
D) $10,000 inheritance from her grandmother.
Answer: During the year, Cathy received the following: A) $30,000
. A company that manufactures soaps could not sell its products despite spending a good amount on advertisements. Therefore, management decided to use the concept of direct marketing. They thought of appointing a large number of salespersons who would do door-to-door selling of the product. This is an example of a strategic:
Answer:
strategic plan
Explanation:
Strategic plan is a tool used by an organization in strategic planning to ensure the mission and vision of the organization are achieved, which involves implementing, formulation, defining and redefining of strategies as well as deciding how resources are allocated in taking action steps in effecting changes. A strategic plan helps a company to make decisions and also in evaluating the progress of a company. It helps the company in meeting its goals and objectives.
Bend Company’s December 31, 2020 balance sheet reports assets of $13,210,000 and liabilities of $4,275,000. The book values of Bend’s assets approximate their fair values, except for land, which has a fair value $600,000 greater than its book value. On December 31, 2020, Blue Corporation paid $11,775,000 to acquire Bend. What amount of goodwill should Blue record as a result of this purchase?
Answer:
Blue should record $2,240,000 of goodwill as a result of this purchase.
Explanation:
Fair value of Assets = $13,210,000 + $600,000 = $13810,000
Liabilities = $4,275,000
Net Asset = Total fair value of asset – Total Liabilities
Net Assets = $13,810,000 – $4,275,000 = $9,535,000
Goodwill = Acquisition price – Net Assets
Goodwill = $11,775,000 - $9,535,000 = $2,240,000
Blue should record $2,240,000 of goodwill as a result of this purchase.
Calculate the finance charge and new balance using the three methods presented. the account balance on september 1st is $149.99. on september 9th a payment of $50.00 is made. monthly rate = 1.75% date payments purchases balance number of days product/sum 9/1 - 9/8 $149.99 8 $1,199.92 9/9 $50.00 $99.99 1 $99.99 9/10 - 9/16 $99.99 21 $2,099.79 total 30 $3,399.70 previous balance method: finance charge = $. new balance = $. unpaid balance method: unpaid balance = $. finance charge = $. new balance = $. average daily balance method: average daily balance = $. finance charge = $. new balance = $
The three different methods of financial calculations give three different results. The previous balance method results in a new balance of $102.61, the unpaid balance method in $101.74 and the average daily balance method in $115.30.
Explanation:The instruction involve three different methods of financial calculations: the previous balance method, the unpaid balance method, and the average daily balance method. Let's start with the previous balance method. The finance charge is calculated on the balance at the beginning of the billing cycle i.e., $149.99. The finance charge would then be 1.75% of $149.99 which equals approximately $2.62.
Subtract the payment of $50 before applying the finance charge for the new balance. Thus, new balance under this method would be $149.99 minus $50 plus $2.62 resulting in $102.61.
For the unpaid balance method, which is calculated on the balance remaining after payments have been made from the balance at the start of the billing cycle. The unpaid balance is $99.99 ($149.99 minus $50). The finance charge would be 1.75% of $99.99 equaling approximately $1.75. The new balance under this method would be $99.99 plus $1.75 giving $101.74.
Finally, the average daily balance method calculates the finance charge on varying balance throughout the billing cycle. Here the balance is multiplied by the number of days in the billing cycle before the payments are subtracted and divided by the total number of days in the cycle (30 as per the information given): ($3,399.70)/30 = $113.32.
The finance charge would be 1.75% of $113.32 equaling approximately $1.98. The new balance under this method would be $113.32 plus $1.98 giving an approximate total of $115.30.
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In many cases, companies that enter a market after innovative products have been introduced can achieve long-term competitive advantages by continuing to develop a better mousetrap. For example, VisiCalc was the first company to introduce a desktop spreadsheet program, but Lotus Notes cornered a large market share when it introduced the 1-2-3 program. Today, however, Microsoft’s Excel is the dominant spreadsheet software program and has continued to endure due to the popularity of the Microsoft Office Suite of products. VisiCalc possessed a ___________ advantage while Microsoft enjoyed a ___________ advantage.
Answer:
First-mover
Second-mover
Explanation:
A first mover is a provider of product, that achieves a market advantage by being the first type of product to be marketed. Generally, being gets the first firm in the market to get the advantage of the strong market and customer satisfaction.
The "second mover's advantage" is the value of joining others into a business or imitating an old product that a new innovative company gets.
In this case VisiCalc is a First-mover and Microsoft is a Second-mover.
Jonathan is in the process of refinancing his home loan. Due to the lowering of interest rates and Jonathan's credit score improvement, he has been able to secure a conventional loan with an excellent annual percentage rate. Unfortunately, his current loan contract contains a stipulation that if he repays the loan before three years, he will owe the lender a fee of two percent of the loan balance. Which clause applies to Jonathan's situation?
A) Subordination Clause
B) Subrogation
C) Prepayment Penalty Clause
D) Alienation Clause
Answer:
The correct answer is letter "C": Prepayment Penalty Clause.
Explanation:
The Prepayment Penalty Clause serves as collateral for lenders when borrowers pay off the sum of debt before agreed. Even though the debt would be totally paid, financial institutions lose profits in interest rates. Then, the Prepayment Penalty Clause states a fee -usually a percentage- should be paid in case the lender finishes to pay the debt before what was signed in a loan.
Trisha is appointed as the new CEO of an automobile manufacturing company. She decides to introduce a new set of organizational policies to improve company-wide performance. According to the new policies, all employees and managers are required to be present at their desks for a minimum of eight hours each day and submit a report of all the tasks they perform through the day. In this scenario, Trisha is most likely using _____.
Answer: Behavioral addition
Explanation:
The behavioral addition is one of the process that helps in understand the behavior of an organization in terms of performance, change in the policies and productivity the firm.
It is also refers to the process performing the new behavior in an organization by the employees or the manager.
According to the given question, Trisha is the new CEO of the manufacturing firm and she introducing the various types of new policies for the purpose of improving the performance of the company.
Therefore, Trisha is using the behavioral addition for illustrating the given scenario.
A person has decided to construct a frequency distribution for a set of data containing 60 numbers. The lowest number is 23 and the highest number is 68. If 7 classes are used, the class width should be approximately _______.a) 5b) 7c) 9d) 11e) 12
Answer: The correct answer is b) 7
Explanation: Class width refers to the difference between highest and lowest number divided by the number of classes.
In calculating class width, the range of the frequency distribution is first calculated before it is divided by the number of classes.
Therefore, Range = Highest number - Lowest number = 68 - 23 = 45
Class width = Range / Number of classes
= 45 / 7
= 6.428
In rounding up to the nearest whole number it becomes 7.
To construct a frequency distribution with 7 classes for a data set from 23 to 68, the class width should be approximately 7
Explanation:To determine the approximate class width for a frequency distribution, one must subtract the lowest number from the highest number, then divide the resultant by the number of classes. In this case, the lowest number is 23 and the highest number is 68. Therefore, the range of the data set is 68 - 23 = 45.
Then divide this value by the number of classes, which is seven here. So, 45 / 7 = 6.43, which we round up to the nearest whole number to make sure all values are included, resulting in a class width of approximately 7.
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Dennis is always the most organized member of his group. He frequently
encourages the group to plan ahead. He develops lengthy "To Do" lists of tasks
for the group to follow. Which Myers-Briggs personality trait best describes
Dennis?
a. sensor
b. judger
c. intuitive
d. perceiver
e. thinker
Answer:
B. Judger
Explanation:
The Myers-Briggs personality trait describes the Judger as people who are coordinated and have a structured way of carrying out tasks and achieving their objectives. They are mostly organised and structured in their lifestyles.
Therefore, the attributes noted in Dennis, best describes him as a Judger according to Myers-Briggs personality trait
Consumer surplus is A. the difference between the highest price a consumer is willing to pay and the price the consumer actually pays. B. the difference between the highest price a consumer is willing to pay and the lowest price a firm would be willing to accept. C. the highest price a consumer is willing to pay to consume a good or service. D. the difference between the highest price a consumer is willing to pay and marginal benefit. E. the difference between the lowest price a firm would be willing to accept and the price it actually receives. How does consumer surplus change as the equilibrium price of a good rises or falls? As the price of a good rises, consumer surplus ▼ remains unchanged decreases increases , and as the price of a good falls, consumer surplus ▼ increases decreases remains unchanged .
Answer is A
Explanation: Consumer surplus actually happens when a customer is willing and ready to pay for a particular product than its current market price. It is a measure of the additional benefits a consumer gets after paying for a product even though they are willing to pay more.
For example: Let's assume you want to get a IPhone 8 plus and you value it at $800 dollars, which you are ready to pay, but realise it is sold at $700. When you buy it at $700, the customer surplus is $100, that is a difference between how much you were willing to pay and the price you eventually got it.
Consumer Surplus changes as the equilibrium price of a good rises or falls. If the price of a good rises, the consumer surplus decreases but when the price of the good falls, the consumer surplus increases.
The U.S. retail industry___________.A. Has the lowest concentration of large firms.B. Has the greatest retail density in the world.C. Mostly has small stores operating independently.D. Depends on a single large wholesale industry.E. Consists of a fragmented distribution system.
Answer:
a. has the lowest concentraion of large firms
Explanation:
Answer:
A) Has the lowest concentration of large firms.
Explanation:
Before Amazon existed, some retail chains were very big, specially large department stores (e.g. JC Penny, Sears, Macy's, Toys R Us, etc.) but most of these large corporations have reduced their number of stores and many are barely surviving. But even then. the number of large retail chains, including supermarkets and grocery stores, was relatively small compared to the total number of retail stores. Walmart is currently the largest retailer (previously it was Sears), but the vast majority of retail stores (98%) are small businesses, usually run by families.
The more you can do, the more is expected of you." Josh already had his hands full managing just one of his father's retail stores. He didn't doubt his ability to do well managing an entire region but still he was reluctant to accept the assignment. He is likely afraid of:_______________
Answer:
SUCCESS
Explanation:
Josh is likely afraid of: Success
Because of his success managing one of his father's retail store, he sure would feel there's every possibility of his success in future management position.
During 2019, Xeron Corporation had EBIT of $100,000, a change in net fixed assets of $400,000, an increase in net current assets of $100,000, an increase in spontaneous current liabilities of $400,000, a depreciation expense of $50,000, and a tax rate of 30%. Based on this information, NICO's free cash flow is ________.
To find Xeron Corporation's free cash flow for 2019, calculate the Net Operating Profit After Taxes, add back depreciation, adjust for changes in net working capital, and subtract capital expenditures. The free cash flow is computed to be $20,000.
To calculate Xeron Corporation's free cash flow (FCF) for 2019, we need to adjust the earnings before interest and taxes (EBIT) for taxes, add back depreciation (since it's a non-cash expense), and subtract changes in net working capital and net capital expenditures.
Here's the calculation:
Net Operating Profit After Taxes (NOPAT) = EBIT * (1 - Tax Rate) = $100,000 * (1 - 0.30) = $100,000 * 0.70 = $70,000
Add Back Depreciation: NOPAT + Depreciation = $70,000 + $50,000 = $120,000
Subtract Change in Net Working Capital (Increase in current assets - Increase in spontaneous current liabilities): Change in NWC = $100,000 - $400,000 = -$300,000
Subtract Change in Net Fixed Assets (Capital Expenditure): $400,000
Finally, add the changes in NWC and capital expenditures to the adjusted NOPAT to get the FCF.
Free Cash Flow = NOPAT + Depreciation + Change in NWC - CapEx = $70,000 + $50,000 - (-$300,000) - $400,000 = $20,000
The free cash flow for Xeron Corporation for 2019 is $20,000.
In Mordica Company, total materials costs are $35,500, and total conversion costs are $54,000. Equivalent units of production are materials 10,000 and conversion costs 12,000. Incorrect answer. Your answer is incorrect. Try again. Compute the unit costs for materials and conversion costs. (Round answers to 2 decimal places, e.g. 2.25.) Materials cost per unit $Entry field with incorrect answer now contains modified data Conversion cost per unit $Entry field with incorrect answer LINK TO TEXT Incorrect answer. Your answer is incorrect. Try again. Compute total manufacturing costs. (Round answer to 2 decimal places, e.g. 2.25.) Total manufacturing cost per unit
Explanation:
The computation is shown below:
Material Cost per unit = Total Material Cost ÷ Equivalent units of production
= $35,500 ÷ 10,000 units
= $3.55
Conversion Cost per unit = Total conversion cost ÷ Equivalent units of production
= $54,000 ÷ 12,000 units
= $4.5
Total Manufacturing cost per unit = Material cost per unit + conversion cost per unit
= 3.55 + 4.5
= $8.05
The unit costs for materials and conversion costs are $3.55 and $4.50 respectively. The total manufacturing cost is $89,500.
Explanation:To compute the unit cost for materials, divide the total materials costs by the equivalent units of production for materials. In this case, the unit cost for materials would be $3.55 ($35,500 / 10,000). To compute the unit cost for conversion costs, divide the total conversion costs by the equivalent units of production for conversion costs. In this case, the unit cost for conversion costs would be $4.50 ($54,000 / 12,000).
To compute total manufacturing costs, sum up the total materials costs and the total conversion costs. In this case, the total manufacturing cost would be $89,500 ($35,500 + $54,000).
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How is the Environmental Protection Agency (EPA) organized?
Answer:
Environment Protection Agency is the federal authority that is established to preserve, conserve, protect and promote the environment. Specially in matters related to industrialcriviteis and Commerce.
EPA is the monitoring and regulating body of businesses and how their business activities affect the environment. If EPA is not satisfied with any business they can temporary halt the activities and proceed to take legal actions.
Explanation:
Indicate with a Yes or No whether or not each of the following accounts normally requires an adjusting entry: a. Building b. Cash c. Wages Expense d. Miscellaneous Expense e. Nancy Palmer, Capital f. Prepaid Insurance
Answer:
A) No.
B) No.
C) Yes.
D) No.
E) No.
F) Yes.
Explanation:
A) Since, building is an asset which doesn't require any adjusting entry other than depreciation.
B) Asset as well therefore, no adjusting entry required.
C) It requires adjusting entry when the salaries are payable (You haven't paid yet, but you have to pay).
D) These are the small transactions of business which doesn't require an adjusting entry.
E) Capital stock increases with the increase of shares and vice versa so it doesn't require Adjusting entry as well.
F) It requires adjusting entry because you have paid for the service before availing it.
Items such as $50 in traveler's checks, $1 in quarters, and $1200 in a checking account are components of M1, which includes forms of money readily available for transactions. The $2000 in a money market account is included in M2, encompassing M1 and other near-monies. A $5,000 line of credit does not fall into either category as it represents potential borrowing, not money in circulation.
Explanation:When categorizing the following list of items into M1, M2, or neither, it is essential to understand that M1 and M2 are components of the money supply. M1 includes forms of money commonly used for payment, such as cash and checking account balances, while M2 includes M1 plus savings accounts, money market accounts, and other near-monies.
Your $5,000 line of credit on your Bank of America card - Neither (This is a form of credit, not actual money in circulation.)$50 dollars' worth of traveler's checks you have not used yet - M1 (Traveler's checks are considered a part of M1 as they are readily usable for making payments.)$1 in quarters in your pocket - M1 (This is cash, which is part of M1.)$1200 in your checking account - M1 (Funds in checking accounts are a component of M1.)$2000 you have in a money market account - M2 (Money in money market accounts is included in M2, since it's not as liquid as the components of M1.)Learn more about Money Supply Classification here:https://brainly.com/question/32701356
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Julio purchased a stock one year ago for $27. The stock is now worth $32, and the total return to Julio for owning the stock was 37 percent. What is the dollar amount of dividends that he received for owning the stock during the year? (Round your final answer to nearest whole dollar.)
Answer:
$5
Explanation:
Data provided are as follows
Purchase price of stock one year ago = $27
Now stock price= $32
Total return percentage = 37%
So, The computation of the dollar amount of dividend is:
= Purchase price of stock one year ago × Total return percentage - difference in stock price
= $27 × 37% - $5
= $10 - $5
= $5
The difference would be
= $32 - $27
= $5
"The average monthly rent for a two-bedroom apartment in City A is $820 with a standard deviation of $86. The average monthly rent for a two-bedroom apartment in City B is $790 with a standard deviation of $75. Based on this data, we can conclude that the rent for two-bedroom apartments in City A is more consistent when compared to City B." Ture/false
Answer:
Explanation:
We shall apply the concept of coefficient of variation to know the consistency of data
coefficient of variation
= standard deviation / mean or average
In case of City A
coefficient of variation = 86 / 820
= .1048
In case of City B
coefficient of variation = 75 / 790
= .0949
Since it is less for city B , rent for this city is more consistence or with less of variation
So the conclusion is false.
City B has more consistent rental prices for two-bedroom apartments because it has a lower standard deviation of $75 compared to City A's standard deviation of $86.
Explanation:The statement that the rent for two-bedroom apartments in City A is more consistent when compared to City B is false. When comparing two sets of data, we look at the standard deviation to determine which set has more consistent data. In this instance, the standard deviation for City A is $86 and the standard deviation for City B is $75. The lower the standard deviation, the more consistent the data. Therefore, City B has more consistent rental prices for two-bedroom apartments because it has a lower standard deviation.
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A customer of Landen Consulting Company makes a $400 payment of cash on a bill for services provided last month. Record this transaction into the accounting equation of Landen Consulting by: (Check all that apply.)
Answer:
See answer below
Explanation:
In the books of Landen Consulting, the cash payment will be recorded as follows.
Debit Cash Account $400
Credit Account Receivables $400 (this would have been Revenue if the payment was made in the same month).
Since both accounts affected are assets account, the effect of the transaction on the accounting equation will be as follows.
Equity + Liabilities = Assets
Equity + Liabilities = Assets + Cash ($400) - Account Receivables ($400)
= Equity + Liabilities = Assets.
Final answer:
The transaction of a $400 payment made by a customer to Landen Consulting Company increases cash and decreases accounts receivable, affecting the company's accounting equation, but does not impact revenue or accounts payable.
Explanation:
The act of a customer making a $400 payment on a bill for services previously provided by Landen Consulting Company is a financial transaction that affects the company's accounting equation. When the customer pays cash to settle their outstanding receivables, this transaction will result in an increase in the company's cash and a corresponding decrease in accounts receivable.
From an accounting perspective, this is recorded as:
Increasing Cash, $400. Reason: Cash is an asset, and when the company receives money, this asset increases.Decreasing Accounts Receivable, $400. Reason: The payment satisfies the outstanding debt owed to the company by the customer, thus reducing the firm's receivables.It's important to note that revenue is not directly affected by this transaction because revenue was already recognized when the service was originally performed, following the accrual basis of accounting. The business would have recorded a debit to accounts receivable and a credit to service revenue at the time the service was provided.
Regarding liability accounts such as accounts payable, this transaction does not affect them because accounts payable typically involve debts the company owes to its suppliers, not what customers owe the company.
The manager at East End Burgers regularly speaks with customers to find out what improvements they might suggest to the product and service. The manager is determining if his ________ of what his customers like is accurate.
Answer:
knowledge
Explanation:
When it comes to marketing products, the manager plays a vital role. In order to reach out to customers, he can talk to them regularly whether they like the product and service. He can also ask if they have any suggestions for improvements.
The product and service are seen by the target audience's eyes thus, it is essential that the manager asks them for feedback. This will allow him to determine whether his knowledge on what his customers like is accurate or true. It will also aid him in creating efficient marketing strategies.