Answer:
The answer is D. Can be used to predict future profits at different levels of activity
Explanation:
The contribution income statement is a company’s financial statement that indicates how the revenue is transformed into the net income. Income statements should help investors and creditors determine the past financial performance of the enterprise, predict future performance, and assess the capability of the business to generate future revenue streams through the reporting of income and expenses.
Based on your understanding of growing annuities, is the statement below true or false? While analyzing a growing annuity, you need to express the interest rate, the future value, and the payment in real and not nominal terms.a. Trueb. False
Answer:
The correct answer is letter "B": False.
Explanation:
Annuities are payments made after certain equally distributed periods. A growing annuity or an increasing annuity is an annuity in which payment grows at a particular constant rate. Growing annuities can be calculated at Present Value or Future value -not necessarily both.
The statement is false. When analyzing a growing annuity, it's not always required to express the interest rate, the future value, and the payment in real terms. It depends on the specifics of the analysis being conducted and the type of growth.
Explanation:The statement that while analyzing a growing annuity, you need to express the interest rate, the future value, and the payment in real and not nominal terms is considered false. In financial concepts, it is not always required to express these variables in real terms. It would depend on the specifics of the analysis being conducted and the type of the growth being considered. Nominal terms include the impact of inflation whereas real terms are adjusted to remove the effects of inflation. For a growing annuity where each payment is assumed to grow at a constant rate, calculations may involve both real and nominal terms depending on the scenario.
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A manuscript is sent to a typing firm consisting of typists A, B and C. If it is typed by A, then the number of errors made is a Poisson random variable with mean 2.6; if typed by B then the number of errors made is a Poisson random variable with mean 3; and if typed by C then it is a Poisson random variable with mean 3.4. Let X denote the number of errors in the manuscript. Assume that each typist is equally likely to do the work. (a) Find E(X) (b) Find Var(X)
Answer:
(a) E(X) = 3
(b) Var(X) = 12.1067
Explanation:
(a) E[X]
E[X]T = E[X]T=A + E[X]T=B + E[X]T=C
= (2.6 + 3 + 3.4)/3
= 2.6 (1/3) + 3(1/3) + 3.4(1/3)
= 2.6/3 + 1 + 3.4/3
= 3
(b) Var (X) = E[X²]−(E[X])²
Recall that if Y ∼ Pois(λ), then E[Y 2] = λ+λ2. This implies that
E[X²] = [(2.6 + 2.6²) + (3 + 3²) + (3.4 + 3.4²)]/3
= (9.36 + 12 + 14.96)/3
= 36.32/3
= 12.1067
Var(X) = E[X²]−(E[X])²
= 12 - 3²
= 12.1067 - 9
= 3.1067
Given the potential typists with their different error rates, the expected number of errors, E(X), and the Variance of X, Var(X), where both E(X) and Var(X) are 3.
Explanation:The expected number E(X) of errors in a manuscript typed by typists A, B, and C, who have different error rates based on Poisson distribution, can be found by averaging the mean values. Given that typist A, B, and C produce errors with a mean of 2.6, 3, and 3.4 errors per manuscript respectively and that each typist is equally likely to do the work, we calculate:
E(X) = (2.6+3+3.4)/3 = 9/3 = 3
For the Variance of X, Var(X), since the variance of a Poisson random variable is equal to its mean and each typist is equally likely to type, we can calculate the variance similarly to the expectation using the mean of the three:
Var(X) = (2.6+3+3.4)/3 = 9/3 = 3
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Cosimo Enterprises issues a $260,000, 45-day, 5% note to Dixon Industries for merchandise inventory. Assume a 360-day year. For a compound transaction, if an amount box does not require an entry, leave it blank.
a) Journalize Cosimo Enterprises’ entries to record: the issuance of the note. the payment of the note at maturity.
b) Journalize Dixon Industries’ entries to record: the receipt of the note. the receipt of the payment of the note at maturity.
Answer:
Cosimo Enterprises
cash 260,000 debit
note payable 260,000 credit
--to record issuance of the note--
note payable 260,000 debit
interest expense 1,625 debit
cash 261,625 credit
--to record honor of the note--
Dixon Industries
note receivables 260,000 debit
cash 260,000 credit
--to record reception of a note--
cash 261,625 debit
note receivable 260,000 credit
interest reenue 1,625 credit
--to record honor of the note--
Explanation:
principal x rate x time = interest
where time and rate must be express in the same metric.
In this case portion of a 360 year
260,000 x 0.05 x 45/360 = 1,625
At maturity we write-off the note account and reocgnize the interest expense/revenue depending on which side we are.
if we issued the noe, we are doin an interest expense.
If we have the note we receive the cash get interest revenue.
Final answer:
Journal entries for Cosimo Enterprises include the issuance of the note (debit Merchandise Inventory, credit Notes Payable) and payment at maturity (debit Notes Payable and Interest Expense, credit Cash). Dixon Industries' journal entries include the receipt of the note (debit Notes Receivable, credit Merchandise Inventory/Sales) and receipt of payment at maturity (debit Cash, credit Notes Receivable and Interest Revenue).
Explanation:
To address the student's question about journalizing the issuance and payment of a note, we first need to break down the transactions between Cosimo Enterprises and Dixon Industries. Cosimo Enterprises issued a $260,000, 45-day, 5% note to Dixon Industries for merchandise inventory, assuming a 360-day year.
For Cosimo Enterprises:
Issuance of the note:
Debit Merchandise Inventory $260,000
Credit Notes Payable $260,000
Payment of the note at maturity (including interest):
Interest calculation: $260,000 × 5% × (45/360) = $1,625
Debit Notes Payable $260,000
Debit Interest Expense $1,625
Credit Cash $261,625
For Dixon Industries:
Receipt of the note:
Debit Notes Receivable $260,000
Credit Merchandise Inventory/Sales $260,000
Receipt of the payment of the note at maturity (including interest):
Debit Cash $261,625
Credit Notes Receivable $260,000
Credit Interest Revenue $1,625
The Terrence Co. manufactures two products, Baubles and Trinkets. The following are projections for the coming year: Baubles Trinkets 16,000 units 8,000 units Sales $16,000 $16,000 Costs: Fixed$3,600 $11,520 Variable 6,400 10,000 3,200 14,720 Income before taxes $6,000 $1,280 How many Baubles will be sold at the break-even point, assuming that the facilities are jointly used with the sales mix remaining constant
Answer:
Bauble to be sold for break even = 5484
Explanation:
Sales Mixture = 16000 : 8000 = 2:1 2 : 1
Bauble Trinkets
Selling Price P.u (16/16) : (16/8) = 1 2
Variable Cost (6400/16000) : ( 11520/16000) = (0.4) (0.72)
Contribution margin Per unit (Sp-Vc) = 0.6 1.28
Com-posit Cm 2 baubles 1 trinkets = 0.6*2+1.28*1 = 2.48
Fix Cost Total = 3200+3600 = 6800
Break-Even units = 6800/2.48 = 2741
Baubles 2742*2 = 5484*0.6 = 3290.4
Trinkets 2742*1 = 2742*1.28 = 3509.7
The Terrence Co. must sell 6000 units of Baubles to reach their break-even point assuming the sales mix remains constant. This was calculated using the information given about fixed costs, variable costs and selling price for this product.
Explanation:In order to find the break-even point for Baubles, you first have to understand how the costs for this product are distributed. Fixed costs for Baubles are $3,600 and variable costs (per unit) are $6,400 / 16,000 = $0.4. The selling price per unit of Baubles is $16,000 / 16,000 = $1.
The contribution margin per unit, which is selling price per unit minus variable cost per unit, is hence $1 - $0.4 = $0.6. Break-even point can be found using the formula: Fixed Costs / Contribution Margin per Unit, which translates to $3,600/$0.6 = 6000 units. Therefore, Terrance Co. needs to sell 6000 Baubles to reach the break-even point, assuming the sales mix remains constant.
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How long will it take for the dollar's purchasing power to be 3/4ths of what it is now, if the general inflation rate is expected to continue at 5%?
To figure out when the dollar's purchasing power will be 3/4 of its current value with a 5% inflation rate, use the exponential decay formula. It will take approximately 5.8 years for the purchasing power to decrease to three-fourths at this inflation rate.
The question concerns how long it will take for the dollar's purchasing power to decrease to three-fourths of its current value with an ongoing inflation rate of 5%. This is a mathematical problem involving exponential decay of purchasing power over time.
To determine when the purchasing power will be 3/4ths of its current value, you can use the formula for exponential decay of purchasing power: P(t) = P0*(1 - r)^t, where P(t) is the purchasing power at time t, P0 is the initial purchasing power, r is the inflation rate, and t is time in years.
To find t, you set P(t)/P0 equal to 3/4ths and solve the equation for t when r is 0.05 (5%). The calculation will yield t ≈ 5.792, meaning it will take approximately 5.8 years for the value of the dollar to decline to three-fourths its current value at a 5% inflation rate.
Portfolio income included all of the following EXCEPT:
a. Royalties not derived in the ordinary course of the trade or business
b. Dividends from accumulated earnings and profits of an S corporation
c. Guaranteed payments received by a partner
d. Interest
Answer:
Guaranteed payments received by a partner
Explanation:
Guaranteed payments from a partner is considered as passive income.
Portfolio income is income from various investments including shares, mutual funds, annuity, and shares. Such as interest, dividends, royalties, capital gains from stock sales.
The other types of income are earned income and passive income.
Portfolio income includes many types of income but one income it does not include is c. Guaranteed payments received by a partner.
Portfolio income:
Includes income that one earns from investments in companies they do not actively participate in. Includes royalties, dividends, and interest payments.Guaranteed payments to partners are income that are derived from a person actively involved in a company and so will not be considered to be portfolio income.
In conclusion, option c is correct.
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Compute the present value of $1,500 paid in three years using the following discount rates: 5 percent in the first year, 6 percent in the second year, and 7 percent in the third year. (Do not round intermediate calculations. Round your answer to 2 decimal places.).
Final answer:
The present value of $1,500 paid in three years with respective discount rates of 5%, 6%, and 7% per year, calculated sequentially, is $1,259.18 when rounded to two decimal places.
Explanation:
To compute the present value of $1,500 paid in three years with varying discount rates for each year, we apply these rates accordingly for each of the three years sequentially.
For the first year at 5%, the formula is: PV1 = FV / (1 + r1), where PV1 is the present value after the first year, FV is the future value, and r1 is the first-year discount rate.
For the second year at 6%, the calculation is based on the first year's present value PV1, and the formula is: PV2 = PV1 / (1 + r2).
For the third year at 7%, the formula is: PV3 = PV2 / (1 + r3). Once we have the present value for the third year PV3, that is the final present value of the $1,500 paid in three years.
We first calculate the present value after one year: $1,500 / (1 + 0.05) = $1,500 / 1.05 = $1,428.57 (Do not round intermediate calculations).
Then, we calculate the present value after two years: $1,428.57 / (1 + 0.06) = $1,428.57 / 1.06 = $1,347.72.
Finally, the present value after three years using a 7% discount rate for the third year: $1,347.72 / (1 + 0.07) = $1,347.72 / 1.07 = $1,259.18. Rounding the final answer to two decimal places, the present value is $1,259.18.
The market supply of cigarettes is shown in the table below.
Supply of Cigarettes
Quantity of Cigarettes Supplied (packs)
Price (dollars) Pre-Tax Post-Tax
$1.00 100
1.50 150
2.00 200
2.50 250
3.00 300
Imagine that, in order to discourage people from smoking, the government decides to place an excise tax on every pack of cigarettes sold directly affecting suppliers. As a result of the tax, the supply of cigarettes decreases by 150 packs of cigarettes at each price.
Graph the pre-tax market supply curve and graph the after-tax market supply curve.
2. Managers at a local home improvement store see that new home sales in their area have increased. They order more refrigerators for their store. They likely do this because they assume that:
a. new homes and refrigerators are complements
b. new homes and refrigerators are substitutes
c. refrigerators are inferior goods
d. refrigerators are normal goods
The answer & explanation for this question is given in the attachment below.
On July 1, Tommy Wrigley established Wrigley Home Appraisal Services, a firm that provides expert residential appraisals and represents clients in home appraisal hearings. TRANSACTIONS The owner invested $94,000 in cash to begin the business. Paid $19,150 in cash for the purchase of equipment. Purchased additional equipment for $13,200 on credit. Paid $11,200 in cash to creditors. The owner made an additional investment of $27,000 in cash. Performed services for $7,600 in cash. Performed services for $5,100 on account. Paid $3,400 for rent expense. Received $2,900 in cash from credit clients. Paid $5,860 in cash for office supplies. The owner withdrew $8,400 in cash for personal expenses. Record in equation form the changes that occur in assets, liabilities, and owner’s equity for the above transactions.
Answer:
The bold letters indicate the changes made and the effects of the transactions.
Where OE= Owner's Equity
AR = Account Receivable
R= revenue
E= expenses
Asset = Liabilities + Owner's Equity
a Cash = OE
+ 94,000= + 94,000
b Asset = Liabilities + Owner's Equity
Cash + Equipment = OE
+ 94,000 = + 94,000
- 19150 + 1950 =
New
Balance 74,850 + 19150 = 94000
c. Asset = Liabilities + Owner's Equity
Cash+ Equipment = Accounts Payable + OE
74,850 + 19150+ 13,200 = 13,200 + 94000
d. Asset = Liabilities + Owner's Equity
Cash+ Equipment = Accounts Payable + OE
74,850 + 19150+ 13,200 = 13,200 + 94000
-11,200 = 11,200
+ 19150+ 13,200 = 2000 + 94000
e Asset = Liabilities + Owner's Equity
Cash+ Equipment = Accounts Payable + OE
74,850 + 19150+ 13,200 = 2000 + 94000
27,000 = 27000
101,850 +19150+ 13,200 = 2000 + 121,000
f. Asset = Liabilities + Owner's Equity + Revenue
Cash+ Equipment = Accounts Payable + OE + R
101,850 +19150+ 13,200 = 2000 + 121,000 + 7600
7600 .
109450+19150+ 13,200 = 2000 + 121,000 + 7600
g. Asset = Liabilities + Owner's Equity + Revenue
Cash+ Equipment + AR = Accounts Payable + OE + R
101,850 + 32350+ 5100 = 2000 + 121,000 + 7600 + 5100
101,850 + 32350+ 5100 = 2000 + 121,000 + 12700
h. Asset = Liabilities + Owner's Equity + Revenue -Expenses
Cash+ Equipment + AR = Accounts Payable + OE + R- E
101,850 (- 3400)+ 32350+ 5100 = 2000 + 121,000 + 12700- 3400
98450+ 32350+ 5100 = 2000 + 121,000 + 12700- 3400
i. Asset = Liabilities + Owner's Equity + Revenue -Expenses
Cash+ Equipment + AR = Accounts Payable + OE + R- E
98450( + 2900)+ 32350+ 5100(-2900) = 2000 + 121,000 + 12700- 3400
101350 + 32350+ 2200= 2000 + 121,000 + 12700- 3400
j. Asset = Liabilities + Owner's Equity + Revenue -Expenses
Cash+ Equipment + AR + Office Supplies = Accounts Payable + OE + R- E
101350(- 5860) + 32350+ 2200 + 5860= 2000 + 121,000 + 12700- 3400
k. Asset = Liabilities + Owner's Equity + Revenue -Expenses
Cash+ Equipment + AR + Office Supplies = Accounts Payable + OE + R- E
101350 + 32350+ 2200 + 5860= 2000 + 121,000 + 12700- 3400
-8400 -8400
92950 + 32350+ 2200 + 5860= 2000 + 121,000 + 12700- 11800
The student's question about recording the transactions of Wrigley Home Appraisal Services involves applying the fundamental accounting equation (Assets = Liabilities + Owner’s Equity) to represent how each business activity affects the company's financial position.
The question involves recording the changes in assets, liabilities, and owner’s equity for Tommy Wrigley’s business transactions in equation form. In accounting, every transaction impacts the accounting equation, which states that assets equal liabilities plus owner’s equity (Assets = Liabilities + Owner’s Equity). We can represent each transaction with its effect on this equation.
The owner invested $94,000 in cash: Assets increase, Owner’s Equity increases.
Paid $19,150 for equipment: Assets increase, Cash (an Asset) decreases.
Purchased $13,200 of equipment on credit: Assets increase, Liabilities increase.
Paid $11,200 to creditors: Liabilities decrease, Cash decreases.
Additional investment of $27,000: Assets increase, Owner’s Equity increases.
Performed services for $7,600 in cash: Cash increases, Owner’s Equity increases (Revenue).
Performed services for $5,100 on account: Accounts Receivable increases, Owner’s Equity increases (Revenue).
Paid $3,400 for rent: Expenses increase (Owner’s Equity decreases), Cash decreases.
Received $2,900 from credit clients: Cash increases, Accounts Receivable decreases.
Paid $5,860 for office supplies: Office Supplies (an Asset) increase, Cash decreases.
Owner withdrew $8,400 for personal use: Cash decreases, Owner’s Equity decreases (Drawings).
Run-of-the-Mills provides your marketing firm with the following data: When the price of guppy gummies decreases by 5%, the quantity of raskels sold increases by 4% and the quantity of kipples sold decreases by 6%. Your job is to use the cross-price elasticity between guppy gummies and the other goods to determine which goods your marketing firm should advertise together.
Answer:
the firm should advertise complementary goods together; Gummies and Raskels.
Explanation:
First the question is to determine based on cross - price elasticity which goods are better to advertise together
Complementary Goods
This represents goods where the cross elasticity of demand is negative. The meaning the increase in demand of goods A is as a result of the decrease in the price of goods B.
Substitute Goods
This represents goods where the cross elasticity of demand is positive. This means that the decrease in the demand for product A is linked to the decrease in the price of product B
Cross Elasticity of Gummies and Raskels
= percentage change in quantity demanded of Raskels/ % change in the price of gummies
= 4%/-5% (since it is a decrease)
= -0.8
Gummies and Raskels are complementary goods as they show negative cross elasticity.
Cross Elasticity of Gummies and Kipples
= percentage change in quantity demanded of Raskels/ % change in the price of gummies
= -6 %/-5% (both are decreases)
Gummies and Kipples are substitute goods.
Therefore, the firm should advertise complementary goods together; Gummies and Raskels.
Raskels and guppy gummies are substitutes, while kipples and guppy gummies are complements. From a marketing perspective, complementary goods should be advertised together – in this case, guppy gummies and kipples.
Explanation:The cross-price elasticity of demand measures the responsiveness of the quantity demanded for a good to a change in the price of another good. It is a measure of substitution effect. Because the quantity of raskels sold increases when the price of guppy gummies decreases, raskels and guppy gummies are substitute goods. Conversely, because the quantity of kipples sold decreases when the price of guppy gummies decreases, kipples and guppy gummies are complementary goods.
From a marketing point of view, you should advertise complementary goods together. In this case, you should advertise guppy gummies and kipples together. Advertising substitute goods together can cannibalize sales because an increase in sales of one might lead to a decrease in sales of the other.
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Categorize each statements as a component of Gross Domestic Product (GDP): consumption, investment, government, or net exports. If it is not included in GDP, leave it unplaced. Consumption Investment Goverment Net exports Answer Bank
Answer:
'Government Expenditure' not 'Government' is a component of GD[
Explanation:
GDP is the total value of goods & services produced in an economy during an year.
As per Expenditure method :
It is calculated as 'expenditure' done by all sectors of economy as "one person expenditure is other person income". 4 sectors are : households , firms, government ,rest of the world. Their respective demand expenditures are : Private Final Consumption Expenditure , Government Final Consumption Expenditure, Investment (Gross domestic Capital Formation) , Net Exports.Answer:
Government expenditure---> total government spending on goods and services
net exports--->value of exports minus the value of imports
investment-->investment spending by business on new capital goods
consumption-->the amount households spend on consumer goods and services
Explanation:
Edmentum agreed with me. ;)
Which of the following terms refers to the process of converting a not-for-profit stock exchange owned by its members to a for-profit organization with publicly-traded stocks that are owned by outside shareholders?
a. Privatization
b. Flotation
c. Consolidation
d. Diversification
e. Demutualization
Answer and Explanation:
e. Demutualization
The process that helps ensure a business message is both effective and efficient is known as which of the following? A. Journalistic approach B. Three-step writing process C. Discovery techniques D. Business writing E. Four-step writing process
Answer:
The correct answer is letter "B": Three-step writing process.
Explanation:
The Three-step writing process is a business writing approach that allows departments within a company to transmit valuable information and reports clearly. Just like the name of the approach says, it has three parts: pre-writing, composing, and post-writing.
Derk owns 250 shares of stock in Rose Corporation. The remaining 750 shares of Rose are owned as follows: 150 by Derk’s daughter, 200 by Derk’s aunt, and 400 by a partnership in which Derk has an 80% interest. Determine the number of shares Derk owns (directly and indirectly) in Rose Corporation.
Answer:
720 shares
Explanation:
Given that,
Derk owns = 250 shares of stock in Rose Corporation
750 shares of Rose are owned as follows:
Derk’s daughter owns = 150
Derk’s aunt = 200
Shares in the partnership holding:
= 400 shares × Interest
= 400 shares × 80%
= 320 shares
Therefore,
Number of shares Derk owns in Rose Corporation:
= Own shares + Daughter's shares + Shares in the partnership holding
= 250 + 150 + 320
= 720
Celine Dion Company issued $600,000 of 10%, 20-year bonds on January 1, 2020, at 102. Interest is payable semiannually on July 1 and January 1. Dion Company uses the straight-line method of amortization for bond premium or discount. Prepare the journal entries to record the following. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) The issuance of the bonds. (b) The payment of interest and the related amortization on July 1, 2020. (c) The accrual of interest and the related amortization on December 31, 2020.
Answer:
The Journal entries are as follows:
(a) On January 1, 2020
Cash A/c(6,000 bonds × $102) Dr. $612,000
To Bonds payable $600,000
To premium on bonds payable $12,000
(To record the issuance of the bonds)
Workings:
premium on bonds payable = $612,000 - $600,000
= $12,000
(b) On July 1, 2020
Interest expense A/c Dr. $29,700
Premium on bonds payable A/c Dr. $300
To cash A/c $30,000
(To record the interest expense)
Workings:
Cash = $600,000 × (6/12) × 10%
= $30,000
Premium on bonds payable = $12,000 ÷ 40 periods
= $300
(c) On December 31, 2020
Interest expense A/c Dr. $29,700
Premium on bonds payable A/c Dr. $300
To Interest payable A/c $30,000
(To record the accrual of interest expense)
Final answer:
The journal entries for the issuance of the bonds, payment of interest, and related amortization using the straight-line method involve recording the cash received, interest expense, and adjustments for the bond premium over the bond term.
Explanation:
The student's question involves preparing journal entries for a bond issued at a premium using the straight-line method of amortization. When the Celine Dion Company issued $600,000 of 10%, 20-year bonds on January 1, 2020, at 102, the premium on the bonds was $12,000 ($600,000 &102%). The bonds will pay semiannual interest on July 1 and January 1, which amounts to $30,000 every six months ($600,000 × 10% ÷ 2). For the first six months, the amortization of the bond premium is $300 ($12,000 ÷ 40, because there are 40 six-month periods in 20 years), which will be subtracted from the interest expense.
(a) To record the issuance of the bonds:
Debit Cash 612,000
Credit Bonds Payable 600,000
Credit Premium on Bonds Payable 12,000
(b) To record the payment of interest and related amortization on July 1, 2020:
Debit Interest Expense 29,700
Debit Premium on Bonds Payable 300
Credit Cash 30,000
(c) To accrue interest and related amortization on December 31, 2020:
Debit Interest Expense 29,700
Debit Premium on Bonds Payable 300
Credit Interest Payable 30,000
Suppose the daily change in price of a stock is normally distributed with mean = .20 and standard deviation = .30. What price change is associated with the 25th percentile?
Answer:
[tex]a=0.2 -0.674*0.3=-0.00235[/tex]
So the value that separates the bottom 25% of data from the top 75% is -0.00235.
Explanation:
Previous concepts
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".
Solution to the problem
Let X the random variable that represent the variable of interest of a population, and for this case we know the distribution for X is given by:
[tex]X \sim N(0.2,0.3)[/tex]
Where [tex]\mu=0.2[/tex] and [tex]\sigma=0.3[/tex]
For this part we want to find a value a, such that we satisfy this condition:
[tex]P(X>a)=0.75[/tex] (a)
[tex]P(X<a)=0.25[/tex] (b)
Both conditions are equivalent on this case. We can use the z score again in order to find the value a.
As we can see on the figure attached the z value that satisfy the condition with 0.25 of the area on the left and 0.75 of the area on the right it's z=-0.674. On this case P(Z<-0.674)=0.25 and P(z>-0.674)=0.75
If we use condition (b) from previous we have this:
[tex]P(X<a)=P(\frac{X-\mu}{\sigma}<\frac{a-\mu}{\sigma})=0.25[/tex]
[tex]P(z<\frac{a-\mu}{\sigma})=0.25[/tex]
But we know which value of z satisfy the previous equation so then we can do this:
[tex]z=-0.674<\frac{a-0.2}{0.3}[/tex]
And if we solve for a we got
[tex]a=0.2 -0.674*0.3=-0.00235[/tex]
So the value that separates the bottom 25% of data from the top 75% is -0.00235.
The Salty Pawz margins are good, but would Wanda be better off by lowering prices and potentially selling more? Would dropping her price even make a difference, or would she just be giving away her profits? What would be the impact on demand if she reduced her price?
Use the "Supply and Demand" data beginning on page 8 of the Salty Pawz Case Study. The information there illustrates the potential impacts on quantity supplied and quantity demanded at various price points for Salty Pawz products.
Using the charts and data, create a graphical representation of Supply and Demand Curves for the four Salty Pawz products that Wanda sells.
For each product, determine the equilibrium point where Quantity Supplied = Quantity Demanded.
The demand for goods and services are often influenced by different factors. The answers are explained below.
The effects of lowering prices?The dropping of her price will make a big difference. Lowering the price of goods or services have an effect on demand. This is because, as the price goes up, the quantity demanded goes down and when the price decreases, quantity demanded will also increases.
On the fact that lowering your prices affects profits. This is a Question of Profit. Note that if the costs of your item is the same, lowering prices to increase sales will also lowers the profit margin that one can make on each unit item that was sold.
But studies has shown that lowering prices will lead to greater sales volumes, which may stand in the gap for the lower profit margin.
Lower or reduction in prices tend to affect or influence demand a great deal as it said to increase the interest in a product leading to an increase in quantity demanded.
From the graph, we see that the increase in price brought quantity demand down will at lower price, quantity demand were more.
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The APT itself does not provide guidance concerning the factors that one might expect to determine risk premiums. How should researchers decide which factors to investigate? Why, for example, is industrial production a reasonable factor to test for a risk premium?
Answer and Explanation:
The APT components must connect with significant wellsprings of vulnerability, i.e., wellsprings of vulnerability that are of worry to numerous financial specialists. Analysts ought to research
Variables that relate with vulnerability in utilization and speculation openings. Gross domestic product, the swelling rate, and loan fees are among the components that can be normal to decide hazard premiums. Specifically, mechanical generation (IP) is a decent marker of changes in the business cycle. Subsequently, IP is a contender for a factor that is exceptionally associated with vulnerabilities that have to do with speculation and utilization openings in the economy.
Choose the correct statement regarding the structure of the plasma membrane. Multiple Choice
a. The membrane is composed of water-soluble molecules, to allow movement of water between the fluid compartments.
b. Carbohydrates in the plasma membrane can serve as a source of immediate energy for the cell.
c. The hydrophobic center of the plasma membrane will restrict the movement of fat-soluble substances through the membrane.
d. The movement of proteins in the plasma membrane allows for cellular adaptations to the extracellular environment.
Answer:D
Explanation:
The movement of protein in the plasma membrane allows for cellular adaptation to the extracellular environment
What is true about the structure of the plasma membrane is that the movement of proteins in the plasma membrane allows for cellular adaptations to the extracellular environment.
The plasma membrane is also known as cell membrane because its separates the interior of the cell from the outside.
The plasma membrane in the cell helps to regulates the transport of materials entering and exiting the cell.Hence, it is true that movement of proteins in the plasma membrane allows for cellular adaptations to the extracellular environment.Therefore, the Option D is correct.
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Klingon Widgets, Inc., purchased new cloaking machinery three years ago for $4.4 million. The machinery can be sold to the Romulans today for $6.6 million. Klingon’s current balance sheet shows net fixed assets of $3.2 million, current liabilities of $750,000, and net working capital of $134,000. If all the current accounts were liquidated today, the company would receive $865,000 cash. a. What is the book value of Klingon’s total assets today? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.) b. What is the sum of the market value of NWC and the market value of fixed assets? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, rounded to the nearest whole number, e.g., 1,234,567.)
Final answer:
The book value of Klingon's total assets today is $3,334,000. The sum of the market value of net working capital and fixed assets is $7,465,000.
Explanation:
Let's begin by addressing part a of the student's question.
The book value of Klingon’s total assets today is the sum of its net fixed assets and its net working capital (NWC). This is given by the following calculation:
Book Value of Total Assets = Net Fixed Assets + Net Working Capital
Book Value of Total Assets = $3,200,000 (from net fixed assets) + $134,000 (from net working capital) = $3,334,000.
Now, let's continue with part b of the question.
The sum of the market value of NWC and the market value of fixed assets can be calculated by adding the market value of the fixed assets (what they can be sold for today) and the cash that would be received if all current accounts were liquidated (which is effectively the market value of NWC). This is given by:
Sum of Market Values = Market Value of Fixed Assets + Market Value of NWC
Sum of Market Values = $6,600,000 (market value of machinery) + $865,000 (cash on liquidation of current accounts) = $7,465,000.
You own a munitions plant, and you decide that your middle managers are insensitive to employees' needs. You send them all out for two weeks of sensitivity training. You are sensitive to what skill deficiency that they have?a. Interpersonal b. Technical c. Conceptual d. Leadership
Answer:
Letter a is correct. Interpersonal.
Explanation:
In this question, middle managers have a deficiency in interpersonal skills, as they are not sensitive to the needs of employees.
Sensitivity training is a strategy that can help managers to develop interpersonal skills and abilities, as this is an extremely relevant feature for business.
This ability is related to the ability to communicate and interact with other people. In a managerial position, whose function is to coordinate and supervise employees, interpersonal skills are even more prominent, as the manager's conduct and positioning will influence his subordinates, so that the leader must be the main example of good relationships with others, attention to the needs of employees and clear communication, in order to create a positive organizational climate, where the motivation and satisfaction of employees are taken as a key element in increasing productivity and organizational effectiveness.
According to an integrated marketing communications planning model, which of the following activities is best associated with the step "integrate and implement marketing communications strategies"?
Answer:
Purchasing the media space as well as time
Explanation:
IMC stands for the Integrated Marketing Communication, is the plan or an approach that accomplish the goals of the campaign of the marketing, through the well coordinated use of the different methods of the promotional, which are intended to reinforce with each other.
The activity which best states or linked with the step of implement and integrate the strategies of the marketing communications, is to buy the media space as well as time in order to promote the product or service.
Final answer:
Integrating and implementing marketing communications strategies involves using various communication channels cohesively to create a synergistic marketing campaign that effectively reaches and resonates with the target audience, considering factors like medium effectiveness and audience engagement.
Explanation:
The step "integrate and implement marketing communications strategies" in an integrated marketing communications planning model involves combining various communications channels and tactics to ensure a coherent and synergistic approach to a campaign. This step ensures that all modes of communication—whether social media, textual or non-textual media like images and videos—are effectively used to convey the campaign's message. The integration looks at the effectiveness of combining these modes and assesses how well they reach and resonate with the intended audience.
It considers the appropriateness of the chosen media to support the argument or objective of a marketing campaign. For instance, a campaign promoting healthy eating might utilize songs, flyers, and social media to create a cohesive message that encourages healthy dietary choices. Each piece of the campaign must work together seamlessly to inform, persuade, or remind the target audience about the campaign’s key messages and goals.
The approach takes into account the insights from research, current best practices, and how to build upon or differentiate from existing efforts. It is the comprehensive execution of the campaign, ensuring the strategy is implemented across the selected channels to effectively communicate and engage with the audience.
Which of the following statements is true of a trial balance?A.A trial balance has the same format as a balance sheet.B.A trial balance presents data in debit and credit format.C.A trial balance is prepared after the balance sheet.D.A trial balance shows the total amounts of assets and liabilities, but not equity
Answer:
A trial balance presents data in debit and credit format.
Explanation:
There are two sections in the trial balance, called columns of debits and columns of credits. The total columns of debit and credit should always correlate or matched. The debit columns report assets and expenditures side while revenues stockholder equity, and the liability side are reported in the credit column.
Suppose two economists are debating tax reform bill. Both economists agree that the bill would increase the after-tax income of the top 5% of income earners. However, they disagree on whether the bill would improve the tax system. Which of the following is the most plausible reason for why these economists disagree?a) A lack of evidence about the long-run impact of the proposed bill.b) Differences in methodology.c) Different choices about the right simplifications to use in economic analysis.d) Differences in values.
Answer:
The correct answer is letter "C": Different choices about the right simplifications to use in economic analysis.
Explanation:
Economic Analysis refers to the study of economic situations within a region using different tools for that purpose that will let determine what the possible solutions and consequences of taking decisions of those situations could be. That is why in the case the two economists after analyzing the effects of the tax reform bill decided not to implement it.
Economists may disagree on the merits of a tax reform bill due to differences in values, with some prioritizing economic growth and efficiency, while others focus on equity and redistribution of income.
If two economists are debating a tax reform bill and disagree on whether the bill would improve the tax system, despite agreeing that the bill would increase after-tax income for the top 5% of income earners, the most plausible reason for their disagreement could be differences in values. Economists can have differing perspectives on the outcomes of tax policies based on their inherent values and priorities. Some might prioritize efficiency and the minimization of economic distortions, while others might place more importance on equity and the redistribution of income. Moreover, debates over tax policy often revolve around trade-offs between a more progressive tax system, which levies higher taxes on higher earners, and a regressive tax system, which is uniformly applied, thus affecting high and low earners more equally.
Values come into play significantly when considering the ultimate goals of the tax system, whether to prioritize economic growth or to reduce income inequality. Debates on whether tax cuts stimulate enough investment and economic growth or simply widen the income gap due to minimal 'trickle-down' effect also reflect differing values. Furthermore, divisions can emerge based on whether one believes that the tax system should aim to redistribute resources more equally or should interfere minimally with individual economic decisions.
Which of the following will result in the recognition of gross income?
a.Gail’s employer allows her to set aside $4,000 from her wages to cover the cost of daycare for Gail’s four-year-old daughter. Gail’s daycare costs are $4,300 for the year.
b.Hannah purchases a new sofa from her employer, Sofas-R-Us, for $1,200. The cost of the sofa to the furniture store is $1,100 and the sofa normally sells for $1,700.
c.Jayden’s employer purchases her commuting pass for the subway at a cost of $225 per month.
d.Havana is a lawyer. The law firm she works for pays for her subscription to Lawyer’s Weekly, a trade magazine for attorneys.
e.None of the above will result in recognition of gross income.
It's definitely E because none of the above mentioned anything of gross income,which is total annual income
The recognition of gross income is typically applied when an individual gains additional wealth. In the given options, only Jayden's commuting pass by the employer, as a non-cash benefit, will generally be recognized as gross income.
The recognition of gross income depends on whether there's an accrual of financial benefits that are quantifiable in an individual's wealth. In the cases mentioned:
A) Gail's employer only enabled her to set money aside and did not provide extra financial benefits, so this will not result in the recognition of gross income.
B) The discount Hannah receives due to purchasing a sofa below its selling price does not result in additional wealth that needs to be counted as gross income.
C) Jayden's commuting pass is a non-cash, fringe benefit and is generally taxable. Therefore, it will typically result in the recognition of gross income.
D) Havana's firm covering her subscription costs for a trade magazine is a typical business expense and it generally does not count as gross income.
Therefore, among the options, only Jayden's case (option c) requires the recognition of gross income.
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Suppose an American worker can make 20 pairs of shoes or grow 100 apples per day. On the other hand, a Canadian worker can produce 10 pairs of shoes or grow 20 apples per day. The opportunity cost of one pair of shoes for the United States is, while the opportunity cost of one pair of shoes for Canada is Multiple Choice A. 2.000 apples: 200 apples B. 5 apples; 2 apples C. 5 apple, ½ apple D. 100 apples; 20 apples
Answer:
The opportunity cost of one pair of shoes for the United States is, while the opportunity cost of one pair of shoes for Canada is B. 5 apples; 2 apples
Explanation:
An American worker can make 20 pairs of shoes or grow 100 apples per day. The opportunity cost of 20 pairs of shoes for the United States are 100 apples. The opportunity cost of one pair of shoes for the United States = 100 apples/20 = 5 apples
A Canadian worker can produce 10 pairs of shoes or grow 20 apples per day.
The opportunity cost of 10 pairs of shoes for Canada are 20 apples.
The opportunity cost of one pair of shoes for Canada = 20 apples/10 = 2 apples
The screening process involves . A. choosing a setting to have group B. deciding how to publicize C. choosing a co-leader D. interviewing potential group members
Answer:
The correct answer is D
Explanation:
Screening process is the procedure which is used to evaluate the applicant qualifications for the job and the potential job fit for the position to which the person applied for. It involves or a variety of the elements like the skills grounded assessments, pre employment testing and interviewing candidate.
Under this process, the applicant profile is evaluated in order to check the eligibility of the applicant for the job. So, it involves interviewing the potential group members.
The screening process in group formation includes selecting potential leaders, making key decisions, and maintaining group member behavior, with leaders emerging based on communicative behaviors and contributions.
The screening process for group formation involves various stages, including choosing leaders, making decisions, and controlling the behaviors of group members. A group leader may be formally designated or may emerge naturally during early group meetings. When interviewing potential group members, it's important to recruit people who are culturally sensitive and have good social skills to ensure participants feel at ease.
During the first stage of leadership emergence, communicative behaviors are key in determining who will continue to be considered for a leadership role. This stage involves a level of formality and guarded interaction as participants navigate the early dynamics of group formation. Ultimately, the goal is to establish group boundaries, define roles, and set the direction for task accomplishment.
You sold short 200 shares of common stock at $60 per share. The initial margin is 60%. Your initial investment was
A) $4,800
B) $12,000
C) $5,600
D) 7200 or 7300
Answer:
D) 7200 or 7300
Explanation:
Initial Margin Rate = 60%
No. of Shares sold = 200
Price of Shares = $60
Amount of Sale = 200 x $60 = $12,000
Initial Investment = Amount of Sale x Initial Margin
Initial Investment = $12,000 x 60%
Initial Investment = $7,200
So the correct option is D) 7200 or 7300 as Initial margin is the minimum amount as a security required to trade in the market. An investor required 60% of the deal to deposit as Initial margin.
The question is about the calculations involved in stock trading. Given the data provided, the initial investment for selling short 200 shares at $60 per share with a margin of 60% would be $7,200.
Explanation:The subject of this question is related to finance, specifically stock trading. The term common stock refers to shares in a company that provide the holder with voting rights in company decisions, while initial margin refers to the percentage of the total cost of an investment that must be covered by cash or collateral when using borrowed funds to purchase the investment. If you sold short 200 shares at $60 per share, the total value of the trade would be $12,000 (200 shares * $60). Given the initial margin of 60%, your
investment
would be 60% of $12,000, which equals $7,200. Therefore, the correct answer would be D) $7,200.
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Owners of business firms are the only people who need accounting information. Group of answer choices False True
Answer:
False
Explanation:
There are basically two users who are needed the accounting information
1. External users: The internal users are the users who are outside the business entity. It comprises of suppliers, customers, government agencies, investors, financial institution, etc
2. Internal users: The internal users are the users who are inside the business entity. It comprises of owners, employees, managers. etc
Therefore, all the kind of users are needed the accounting information
Segmentation and targeting influence a company’s resource allocation, potentially affecting strategic decisions in all of the following areas except:
A.) price
B.) advertising
C.) mission formulation
D.) customer management
E.) sales force
Answer:
The correct answer is letter "C": mission formulation.
Explanation:
Segmentation and targeting is the process by which companies classify their existing and potential customers by sex, age, race, and income. This is done to analyze specific consumers' preferences and behavior so the firm can provide them with a good or service they are likely to consume.
Segmentation implies analyzing pricing, salesforce, advertising, and customer management but mission formulation is a step that the firm takes before starting segmenting its market.
Segmentation and targeting impact strategic decisions in price, advertising, customer management, and sales force but not mission formulation, which defines a company's core purpose and values.
The question asks which area is not affected by segmentation and targeting in the context of a company's strategic decisions. Options given are price, advertising, mission formulation, customer management, and sales force. While segmentation and targeting directly influence decisions related to price, advertising, customer management, and sales force by determining how resources are allocated towards different market segments, mission formulation stands out as mostly unrelated. The company's mission is generally broad and foundational, defining its purpose, core values, and over-arching goals, which are not typically altered based on segmentation and targeting strategies. Hence, the correct answer is C) mission formulation.