Answer:
Explanation:
The question says to complete the necessary adjusting entry
What is an adjusting entry:
An adjusting entry represent an accounting entry passed usually at the end of the accounting year to ensure that accounts following the matching principle. An adjusting entry can further be passed to calculate and bring in respective account balances at the end of the period.
Therefore, the required adjusting entry is as follows:
Date Particulars Debit Credit
Dec 30 Salaries expense $4,000
Salaries payable a/c $4,000
being the record of salaries accrued at the end of the year
Note: Since a day is $800 and there are 5 days, the accrual is $800 x 5 = $4,000
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.
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.
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.
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
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%
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.
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
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.
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.
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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.
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
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.
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.
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.
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The Conity Corporation has an Electric Mixer Division and an Electric Lamp Division. Of a $ 13 comma 000 comma 000 bond issuance, the Electric Mixer Division used $ 9 comma 500 comma 000 and the Electric Lamp Division used $ 3 comma 500 comma 000 for expansion. Interest costs on the bond totaled $ 975 comma 000 for the year. What amount of interest costs should be allocated to the Electric Lamp Division? (Round any intermediary calculations two decimal places and your final answer to the nearest dollar.)
Answer:
Explanation:
Bond payable ratio:
Electric Mixer Division = 9,500,000 / 13,000,000 = 73%
Electric Lamp division = 3,500,000 /13,000,000 = 27%
Interest Expesens Allocated to Electric Lamp Division = 975,000*27% = $263250
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.
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.
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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
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
Which of the following techniques encourages the use of "art" through drawing to facilitate finding connections between ideas? Brainsketching Speedstorming Role playing Interviewing
Answer:
Brain Sketching.
Explanation:
Brain Sketching: With this technique a person draws the idea he is having a as a way to communicate their ideas to other people. This technique can do two things:
Art gives a peace of mind, so this technique will provide you exactly that.Sketching your thoughts is easy to gather and understand even after a month or a year.If a tax shifts the demand curve downward (or to the left), we can infer that the tax was levied on A. sellers of the good. B. We cannot infer anything because the shift described is not consistent with a tax. C. buyers of the good. D. both buyers and sellers of the good.
Answer:
C. buyers of the good
Explanation:
A tax is an amount levied on a good or service by the government which increases its price. A tax increases the price of a good.
If a tax shifts the demand curve to the left ,it means the tax affects buyers of a good.
If a tax shifts the supply curve to the left, it means the tax affects sellers of a good.
I hope my answer helps you
As referenced in the Left-to-Right Economic Spectrum of Faces in the Economy chapter, which of the following peeps is the furthest left on that economic scale? Select one: a. King Abdullah of Saudi Arabia b. Nicolas Maduro of Venezuela c. Xi Jinping of China d. Vladimir Putin of Russia e. The flag of Sweden f. Emmanuel Macron of France g. Donald Trump of USA
Answer:
The correct answer is letter "B": Nicolas Maduro of Venezuela.
Explanation:
The left-wing in politics is characterized by following pure communism, socialism, fascism, and anarchy ideas to rule a country. Even if the economy is regulated by the government under these societies promoting equal treatment moreover among the lowest economical stratus, human rights tend to be violated.
Dictator Nicolas Maduro (born in 1962) took Venezuela's government after the decease of his predecessor Hugo Chavez (1954-2013). Under Maduro's mandate, Venezuela has an inflation rate of 200,000% and the country's economy has contracted 35%. Millions of Venezuelans have left the country because of the shortage of basic staples in the country and the lack of assistance to the masses' needs.
Final answer:
Nicolas Maduro of Venezuela would be the furthest left on the economic scale as Venezuela follows a command socialist economy, according to the spectrum of economic systems.
Explanation:
The question "Which of the following peeps is the furthest left on that economic scale?" refers to the position on the economic spectrum where different economic systems are placed, ranging from market capitalism to command socialism.
Based on the information presented, Nicolas Maduro of Venezuela would be the furthest left, as Venezuela is known for its command socialist economy, which is characteristically more to the left on the economic scale compared to market capitalist or mixed economies.
The real risk-free rate is 3.25%, and inflation is expected to be 2.25% for the next 2 years. A 2-year Treasury security yields 9.00%. What is the maturity risk premium for the 2-year security? Round your answer to two decimal places.
Answer:
Maturity risk premium 3.50%
Explanation:
Yield rate = 9%
Risk free risk = 3.25%
Inflation rate = 2.25%
Formula for yield rate:
Yield rate = Risk free risk + Inflation rate + Maturity risk premium
r= rfr+ir+Mrp
9.00% = 3.25% + 2.25% + Mrp
0.09 = 0.0325 + 0.0225 + Mrp
0.09 = 0.055 + Mrp
Mrp = 0.09 - 0.055
Mrp = 0.035
Mrp = 3.5%
So the Maturity risk premium is 3.5%
Job 215 was started and completed during the year. What price would have been charged to the customer if the job required $3,600 in direct materials and $4,900 in direct labor cost and the company priced its jobs at 45% above the job’s cost according to the accounting system? (Round your answer to the nearest dollar.)
To determine the price that a company would charge a customer for a job completed, you need to first calculate the total cost of the job, then add 45% of that total cost to find the final price. In this case, the company would have charged the customer $12,325.
Explanation:First, we need to calculate the total cost of the job. This is the sum of the cost of direct labor and the cost of direct materials. In this case, the cost of direct labor is $4,900 and the cost of direct materials is $3,600. So the total cost is $4,900 + $3,600 = $8,500.
The company prices its jobs at 45% above the job’s cost. So we need to calculate 45% of the total cost, which is $8,500 × 0.45 = $3,825.
Then, we add the total cost and the additional 45% to find the price that would have been charged to the customer. That would be $8,500 + $3,825 = $12,325. Rounded to the nearest dollar, the price charged would have been $12,325.
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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.
Jilk Inc.'s contribution margin ratio is 61% and its fixed monthly expenses are $47,500. Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $137,000?
Answer:
$36,070
Explanation:
Given that,
Contribution margin ratio = 61%
Fixed monthly expenses = $47,500
sales = $137,000
Contribution margin:
= Sales × Contribution margin ratio
= $137,000 × 61%
= $83,570
Net income = Contribution margin - Fixed monthly expenses
= $83,570 - $47,500
= $36,070
Therefore, the best estimate of the company's net operating income in a month is $36,070.
Longitude Company borrowed on a two-year, 10%, $150,000 note on May 1, with interest and principal to be paid at maturity. How much interest will Longitude report on its income statement for the year ending December 31?a .$10,000b. $15,000c. $5,000d. $30,000
Answer:
Option (a) is correct.
Explanation:
Given that,
Note value = $150,000
Rate of interest = 10%
Time period: May 1 to December 31 = 8 months
Therefore, the interest amount upto December 31 is calculated as follows:
= Note value × Rate of interest × Time period
= $150,000 × 10% × (8 ÷ 12)
= $150,000 × 0.1 × 0.67
= $10,000
Hence, interest of $10,000 will Longitude report on its income statement for the year ending December 31.
You've just learned that tuition and fees for the next semester are expected to increase by 15%. How do you think this will impact demand for Moondogs Coffee?
The demand for the coffee will decrease with the rise in the fee because of decrease in the money in hand of the student.
Explanation:
Demand of a particular product is related to many factors. Some of the factors affecting the demand of a good are price of the good, income of the consumers, taste, fashion, availability of substitutes and so on.
In the above given example, since with the rise in the tuition and the fee of the student, the money in the hand of the student decreases, so he will have less money to spend. Therefore the demand of the coffee will also decrease with this increase.
The increase in tuition and fees for the next semester is likely to impact the demand for Moondogs Coffee.
Explanation:The increase in tuition and fees for the next semester by 15% is likely to have an impact on the demand for Moondogs Coffee. When the cost of attending college increases, students may look for ways to cut down on expenses, potentially including reducing spending on non-essential items such as coffee. However, it is important to consider that the impact on Moondogs Coffee demand will also depend on factors such as the availability of alternative coffee options on campus and the extent to which students value their coffee consumption.
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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.
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Martin wants to provide money in his will for an annual bequest to whichever of his living relatives is oldest. That bequest will provide $4000 in the first year, and will grow by 7% per year, forever. If the interest rate is 9%, how much must Martin provide to fund this bequest
Answer:
=$66,666.67
Explanation:
The question is asking to determine the amount of money Martin requires to fund his desired bequest in his will.
First, how much is the cash flow martin expects to flow out in the first year of the bequest = $4000
Secondly, what is the expected growth the bequest is to experience yearly and forever= 4% yearly
Thirdly, what is the interest rate expected = 10%
Based on these figures,
The amount to be provided = The Cash flow/ (Expected growth rate- Interest rate)
=$4,000/ (0.10-0.04)
=$66,666.67
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.
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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