Answer:
The correct answer is False.
Explanation:
A basic principle of investments is the creation of portfolios (or portfolios) for diversification purposes. At any given time, investors simultaneously hold a set of assets that make up their investment portfolio. A basic principle in finance is that an investor should not place all of his resources in a single asset or in a relatively small number of assets, but in a large number of investment instruments. In this way, the possible bad results in certain assets would be offset by the good results of others. Diversification allows the investor to lower the risk of his portfolio without sacrificing returns or, alternatively, increase the return on his portfolio without increasing his risk. Of course, diversification does not guarantee profits under any circumstances, but it does help to dampen the variability of returns on individual assets.
In service learning, you __________. Group of answer choices go through short-term, on-the-job training for pay or academic credit perform service work without pay compete against other students as part of a team complete a paid work assignment in a workplace
Answer:
The correct answer is letter "B": perform service work without pay.
Explanation:
Service-learning has similar features to volunteer programs, community programs or internships with the difference that service-learning only focuses on learning and the service objectives. It attempts to provide meaningful service through course content where the students must use their critical reflection to complete the tasks assigned. Anybody can be part of service-learning programs considered there is no economic compensation for it.
Which of the following statements is CORRECT? a. Corporations and partnerships have an advantage over proprietorships because a sole proprietor is exposed to unlimited liability, but the liability of all investors in the other types of businesses is more limited. b. Because most stock ownership is concentrated in the hands of a relatively small segment of society, firms' actions to maximize their stock prices have little benefit to society. c. Most business in the U.S. is conducted by corporations, and corporations' popularity results primarily from their favorable tax treatment. d. The potential exists for agency conflicts between stockholders and managers. e. A good goal for a firm's management is maximization of expected EPS. 1 points
Answer:
d. The potential exists for agency conflicts between stockholders and managers.
Explanation:
In a company the shareholders are the owners of the company who own shares and have stake in the company. They employ managers to take care of the daily running of the company.
There is the potential of conflict between the shareholders and the management of the company because shareholders just want to make short term profit, whole the management of the company may want to take initiatives that will lead to future gains.
Management will need to communicate effectively reason for temporary slump in profits, and emphasise future gains the company stands to get.
Recent financial statement data for Harmony Health Foods (HHF) Inc. is shown below. Current liabilities $ 188 Income before interest and taxes $ 117 10% Bonds, long-term 370 Interest expense 37 Total liabilities 558 Income before tax 80 Shareholders' equity Income tax 28 Common stock 204 Net income $ 52 Retained earnings 294 Total shareholders' equity 498 Total liabilities and equity $ 1,056 HHF's debt to equity ratio is (Round your answer to 2 decimal places.): Multiple Choice 1.89. 1.12. 0.74. 0.55.
Answer:
0.74
Explanation:
The debt to equity ratio is a financial measure that shows how much of the company's activities is funded by long term debt or non current liabilities compared to the owner's equity.
A company with an element of long term debt financing is said to be geared. The higher the long term debt to equity ratio, the more geared the company is.
Debt to equity ratio is the ratio of debt to equity
= 370/498
= 0.74
Which of the following is a primary characteristic of employing automated equipment in a company with high levels of production? Group of answer choices They help employees to acquire specialized knowledge that helps them complete tasks more efficiently. The general and administrative costs would be high for large companies. They do not help in spreading out the fixed cost of production. Large companies can reduce per-unit cost of production.
Answer: Large companies can reduce per-unit cost of production
Explanation:
A company that is already having high production levels will reduce per-unit cost greatly if they decide to go automated. Since the basic reason for increased automation is to allow for greater efficiency thereby increasing production numbers. This increased productivity which will cause the firm to enjoy greater economies of scale thus lower unit cost. Economies of scale shows the inverse relationship between unit price and quality produced, as quantity increases prices will most likely reduce.
Which statement corresponds to this specific situation? Rowan owns a computer programming business with 15 employees. He is hiring a new employee, and he turns down a 45-year-old man because he is "too old to keep up with the rest of the group." O
a. Employer may legally discriminate because the law doesn't apply to this situation
b. Employer may legally discriminate based on BFOQ
c. Employer may legally discriminate based on number of employees
d.Employer may not legally discriminate closed principal
Answer:
b. Employer may legally discriminate based on BFOQ exception
Explanation:
The statement that corresponds to the situation should be that the Employer can legally discriminate base on BFOQ exception. BFOQ means Bona Fide Occupational Qualification and under the United States laws, discrimination against people based on their gender, age, race, national origin religion, is generally prohibited. It is important to state that there are exceptions to this BFOQ law which allows an employer to refuse to employ a person under certain circumstances, for example, the nature of the job may allow the employer not to employ an Applicant seeking for employment.
Therefore, for an employer to reject employing an applicant, he must show that the situation at hand falls under the BFOQ exception, that is the BFOQ exception allows him to discriminate against the applicant. For example, where a doctor is required for a job in the hospital and pharmacist applied for the post, the employer is legally allowed to discriminate base on BFOQ exception.
So from the situation presented, Rowan is not legally allowed to turn down a 45-year-old man who applies for the job because he is too old to keep up with the rest of the group. Rowan may reasonably believe that the 45-year-old man is too old to keep up with the rest of the group but to the court perspective, the nature of the job does not require a young person to perform so anybody of any age can apply and the 45-year-old man is qualified for the job then Rowan will be liable for discrimination base on BFOQ because there is nothing about the responsibilities of the job that the 45-year-old man can not do.
Which of the following is correct for Qualified Tuition Programs? a. Contributions are deductible and qualified educational expense distributions are tax-free. b. Contributions are deductible and qualified educational expense distributions are taxable. c. Contributions are not deductible and qualified educational expense distributions are taxable. d. Contributions are not deductible and qualified educational expense distributions are tax-free.
Answer:C
Explanation:
Contributions are not deductible and qualified educational expense distributions are taxable
The right answer is d. Contributions to Qualified Tuition Programs are not tax-deductible but the earnings and distributions for educational expenses are tax-free.
Explanation:The correct option for Qualified Tuition Programs is d. Contributions are not deductible and qualified educational expense distributions are tax-free. A Qualified Tuition Program, also known as a 529 plan, is a tax-advantaged savings plan designed to help pay for education. Contributions to these plans are made with after-tax dollars but any income the account earns is tax-free as long as it's used for qualified education expenses. These expenses can include tuition fees, books, and room and board for college students. So, while the contributions themselves are not tax-deductible, the earnings and distributions for educational expenses are tax-free.
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Indicate whether each of the following statements is true or false: a. Because they can control product price, monopolists are always assured of profitable production by simply charging the highest price consumers will pay.
Answer:
The statement is true. Because they can control product price, monopolists are always assured of profitable production by simply charging the highest price consumers will pay.
Explanation:
In economics, a monopoly is a term that describes an industry or other economic sector where control rests with one supplier as that supplier is the only one supplying the market. In theory, that means total control or "complete monopoly" but in practice most monopolies today are "quasi-monopolies", with a supplier dominating the market almost completely but with the space for a few small companies as well. The monopolist can get a high price for his product by limiting market supply so that the supply of goods is less than the demand for it.
On average, there are 8 customers arrives a local bank per hour. Bob is the only bank teller on duty at the bank currently and needs to run out for 6 minutes. What is the probability that no customer will arrive in the next 6 minutes
Answer:
The probability that no customer will arrive in the next 6 minutes is 1.2 minutes or ratio of 0.2
Explanation:
Expected value is the value on the probability of occurrence of the values.
Expected Time consumed on customer in an hour = 8 x 6 = 48 minutes
Probability of customer arrives = 48/60 = 0.8
Probability that customer will not arrive = 1 - 0.8 = 0.2
Expected time Customer will not come in 6 minutes = 6 x 0.2 = 1.2 minutes
When a company recognizes that the needs of one market segment is not the same as another and accordingly customizes its product offerings, it is said to be pursuing a __________ strategy. a. focus b. low-cost c. standardization d. segmentation e. stuck-in-the-middle
Answer:
Focus strategy.
Explanation:
Focus strategy is undertaken by a company to enter a narrow market or expand operations in such a market. The segment is specific and the business usually provides services that competitively meets customer needs.
Recognising that one market segment's needs are different from another one's is the basis for focus strategy. Resources will be used to meet and satisfy the unique needs of a target segment or niche. Involve a particular product line for example children clothing, detergents, lemon juice, children's shoes and so on.
Assume that Global Cleaning Service performed cleaning services for a department store on account for $180. How would this transaction affect Global Cleaning Service's accounting equation? A. Increase both assets and liabilities by $180 B. Decrease liabilities by $180, and increase equity by $180 C. Increase both liabilities and equity by $180 D. Increase both assets and equity by $180
Answer:
D. Increase both assets and equity by $180
Explanation:
When a service is done on account, revenue will be recognized but the corresponding assets is accounts receivables and not cash. Hence the transaction will increase the company's revenue and assets balances . Revenue is turned into equity through retained earnings.
The accounting equation is
assets = liabilities + equity
This transaction will increase assets and equity be $180 each.
Providing a service on account, as Global Cleaning Services did, increases both assets and equity by the amount of the service provided. In this case, that would be $180.
Explanation:When Global Cleaning Service performs cleaning services for a department store on account for $180, this transaction will increase both assets and equity by $180. Here's why: In this scenario, Global Cleaning Service is providing a service on account which means they haven't received payment yet, but they will in future. This kind of transaction is considered an account receivable which is an asset to the company. At the same time, because they have effectively made $180 (even if they haven't received it yet), their equity (which represents ownership in the company) also increases. So, the correct answer to your question is option D.
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A business school would like to know that whether the average number of years of work experience of MBA applicants is less than 3 years. Based on last year's applicants, it was found that among a sample of 47, the average number of years of work experience is 2.57 with a standard deviation of 3.67. Apply t-test to analyze the sample and draw a conclusion about the years of work experience of MBA applicants.g
Answer:
The test statistic t of the sample is -0.804.
There is sufficient evidence to ascertain that the average number of years of work experience of MBA applicants is less than 3 years.
Explanation:
Null hypothesis: The average number of years of work experience of MBA applicants is 3 years.
Alternate hypothesis: The average number of yet of work experience of MBA applicants is less than 3 years.
Test statistic (t) = (sample mean - population mean) ÷ sd/√n
sample mean = 2.57
population mean = 3
sd = 3.67
n = 47
t = (2.57 - 3) ÷ 3.67/√47 = -0.43 ÷ 0.535 = -0.804
Assuming a 5% significance level
degree of freedom = n - 1 = 47 - 1 = 46
The critical value corresponding to 46 degrees of freedom and 5% significance level is 2.013.
Conclusion:
Reject the null hypothesis because the test statistic -0.804 is less than the critical value 2.013.
The years of work experience of MBA applicants is less than 3.
AC variant of the gene ACTN3 which inhibits fast-twitch muscles and seems to be less prevalent in sprinters has been studied. A separate study1 indicated ethnic differences: Approximately 20% of a sample of Caucasians, approximately 25% of a sample of Asians, and approximately 1% of a sample of Africans had the gene variant. One variable is whether or not the gene variant is present and the other is which of the three ethnic groups the individual belongs to.
Answer:
Category variable: Caucasians, Asians, Africans
Quantitative variable: 20%, 25%, 1%.
Explanation: The are two variables in these study. They are categorical variable and quantitative variable.
Categorical variables are variable that helps classify a given population eg race, hair colour, skin colour. Most of the time are not numerical, so we can't multiply, add or subtract them. As given in this assignment the Caucasians, Asians and Africans are category variables.
Quantitative variables are those that numerical and they reflect count, percentages(20%, 25%, 1%) and can be added, subtracted, or multiplied. The percentage of the ethnic group is an example of quantitative variable.
The ACTN3 gene contributes to muscle variation and is associated with fast-twitch muscle fibers which benefit power athletes like sprinters. Its prevalence varies across different ethnic groups, but genetic factors alone, including ACTN3, predict only a small percentage of muscle variation, emphasizing the role of both genes and environment in athletic performance.
Explanation:Understanding the Role of ACTN3 in Athletic PerformanceThe ACTN3 gene is associated with the production of a protein that is pivotal for fast-twitch muscle fibers, which are crucial in short-duration, high-intensity activities such as sprinting. While there is a clear indication that certain alleles of the ACTN3 gene are more prevalent among elite power athletes, such as sprinters and power-lifters, this gene variant is not the sole determinant of athletic ability. The prevalence of the AC variant, which inhibits fast-twitch muscles, varies among different ethnic groups, suggesting a genetic element to athletic prowess. However, research indicates that the prediction of muscle variation based on the ACTN3 gene is only about 2-3 percent in the general population.
Environmental factors, such as diet and training, play a significant role in developing athletic abilities alongside genetics. The influence of other genes related to athleticism, although not thoroughly understood, also contributes to the complexity of predicting athletic success. Additionally, the proportion of slow-twitch to fast-twitch muscle fibers varies among individuals, affecting their potential for endurance or power-based sports.
Anecdotal evidence, such as the reference to Usain Bolt likely possessing at least one fast-twitch allele, suggests how genetic potential can translate to real-world performance when combined with appropriate environmental factors, such as training and lifestyle. This highlights the multifactorial nature of traits like athletic performance, where both genetic makeup and environmental influences determine the outcome.
Current news and politics is full of concern about the environment, particularly as it is related to oil use and the auto industry. There are a number of ethical considerations that arise out of these issues. Please be sure to answer ALL of the following questions: Some propose that these concerns could be alleviated if our use of cars was limited by increased gasoline taxes--if gas is more expensive, we will use less of it and, as a beneficial by-product, improve the environment. What do you think of this proposal and what theory would support your position? Are there injustices built into such measures?
Answer:
It is true that raising gasoline prices (either by producing less of it, or by adding taxes) would reduce gasoline use. The concept of price elasticity of demand can helps us explain why.
Explanation:
A good can be either elastic or inelastic depending on its price elasticity of demand. A price elasticity of demand of less than 1 is considered inelastic, while a price elasticity of demand higher than 1 is considered elastic.
Elastic goods are those whose quantity demanded falls or rises more than the price. Inelastic goods are those whose quantity demanded falls or rises less than the price.
Gasoline is a inelastic good in the short-term because even with a price hike, most people will still buy gasoline because they need to move around. However, in the long-term, gasoline becomes more elastic because people replace their buy electric cars, or cars that use less fuel, etc.
What this tells us is that raising gasoline prices can reduce gasoline use in the long-term.
A built-in injustice in this measure is that it affects the poor disproportionally. Poor people also need cars to get around, and a rise in the gasoline price means that they have less money for other basic needs.
Rowdy's Restaurants cash flow ($ in millions)
Cash received from:
Customers $3,900
Interest on investments 340
Sale of land 240
Sale of Rowdy's common stock 880
Issuance of debt securities 3,400
Cash paid for:
Interest on debt $440
Income tax 220
Debt principal reduction 2,900
Purchase of equipment 6,800
Purchase of inventory 2,400
Dividends on common stock 620
Operating expenses 780
Rowdy's would report net cash inflows (outflows) from investing activities in the amount of:______
Answer: Cash inflow from investing Activities = 233 200000
Explanation:
Cash Flows from Investing Activities ($ in millions)
Sale of Land = 240 000 000
Purchase of Equipment = - 6,800 000
Cash inflow from investing Activities = 240 000 000 - 6 800 000
Cash inflow from investing Activities = 233 200000
The 4.5 percent bond of JL Motors has a face value of $1,000, a maturity of 7 years, semiannual interest payments, and a yield to maturity of 6.23 percent. What is the current market price of the bond
Answer:
The current market price for the bond is $903.05
Explanation:
Steps taken to arrive at the current market price of the bond
Recall PV=present value
face value=$1000
percent bond=4.5,
A semiannual interest payments of 7 years, yielding a maturity rate of=6.23%
PV = [(.045 × $1,000)/ 2] ×{(1 - {1 / [1 + (.0623/ 2)]14}) / (.0623 / 2)} + $1,000 / [1 + .0623 / 2)]14
PV = $903.05
The current market price of the bond is $903.05.
Given Information
FV = $1000
PMT = $22.5 (4.5%/2 * 1000)
N= 14 YEARS
I/Y = 6.23/2 % =3.115%
Market price = PV(FV, PMT, N, I/Y)
Market price = $903.05
In conclusion, the current market price of the bond is $903.05.
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Data concerning Bedwell Enterprises Corporation's single product appear below: Selling price per unit $ 190.00 Variable expenses per unit $ 94.50 Fixed expense per month $ 438,790 The unit sales to attain the company's monthly target profit of $25,000 is closest to: (Do not round intermediate calculations.)
Answer:
Target sales unit = 4,856 units
Explanation:
We know,
Target sales unit = (Fixed expense + Target profit) ÷ (Sales price per unit - Variable expense per unit)
Given,
Fixed expense = $438,790
Sales price per unit = $190.00
Target profit = $25,000
Variable expense per unit = $94.50
Putting the values into the above formula,
Target sales unit = ($438,790 + $25,000) ÷ ($190.00 - 94.50)
or, Target sales unit = $463,790 ÷ $95.50
Therefore, Target sales unit = 4,856 units
Leslie McCormack is in the spring quarter of her freshman year of college. She and her friends already are planning a trip to Europe after graduation in a little over three years. Leslie would like to contribute to a savings account over the next three years in order to accumulate enough money to take the trip. Assume an interest rate of 6%, compounded quarterly. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
How much will she accumulate in three years by depositing $400 at the end of each of the next 12 quarters, beginning three months from now?
Answer:check attached document
Explanation:
please find the attached for an answer
Nine months ago, The Allstate Corporation sold a one-year policy to a customer and recorded the receipt of the premium by crediting Unearned Revenue for $2,496. No accounting adjustments have been prepared during the nine-month period. Allstate's annual financial statements are now being prepared.
Answer:
Journal entry recorded by the Company at the time of receipt:
Cash A/C Dr. $2496
To Unearned Revenue 2496
(Being unexpired insurance premium recorded)
After 9 months, the following journal entry would be passed for adjustment of insurance premium expired or the revenue which has been earned by the company.
Unearned Revenue A/C (2496 × [tex]\frac{9}{12}[/tex]) Dr. $ 1872
To Revenue A/C 1872
(Being proportion of insurance premium expired recorded)
Unearned Revenue A/C denotes a liability. At the time of receipt of payment, the insurance company creates this liability since services are due against the receipts.
At the time of preparation of financial statements, the unearned revenue which has now been earned is recorded by debiting i.e reducing the liability balance.
Economic growth and public policy Suppose Vaabo, a Finnish-owned auto manufacturer, builds a production facility in Kentucky. This is an example of foreign _______ investment in the United States.
Answer:
The correct word for the blank space is: direct.
Explanation:
Foreign Direct Investment is a type of cross-border investment to create a lasting interest that a resident company based in one country could have in a company operating in another. Lasting interest implies a substantial degree of interest in the company's management as well as establishing a long-term relationship between the direct investor and the direct investment business.
In order to be considered unemployed, a person must be: Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. not working. unanswered actively seeking work. unanswered willing and able to work. unanswered under 16 or over 65.
Answer:
The correct answer are letters "A", "B", and "C": not working; actively seeking work; willing and able to work.
Explanation:
Unemployment is the state in which individuals do not have a job but are actively seeking one. These people are willing and available to start working yet they have not been able to get a job according to their skills. The unemployment rate of the U.S. for 2019 was around 3.6% according to the Bureau of Labor Statistics (BLS).
Answer:Correct Not working, under 16 or over 65
incorrect actively seeking work, willing and able to work
Explanation:
Consider an apple orchard owner deciding how to incentivize his fruit pickers. He pays per pound harvested but adjusts the compensation rate higher during poor harvest seasons. As a consequence
a. The picker's effort would not depend on the compensation rate
b. The pickers would claim poor harvests in order to be paid higher piece rates even during bountiful harvest seasons
c. The pickers would claim good harvests in order to be paid higher piece rates even during poor harvest seasons
d. None of the above
As a consequence none of the above is applicable.
Option: D
Explanation:
Answer: The correct answer is B.
Explanation: The higher price per pound would incentives the pickers to try to game the system.
Also, D. None of the above was incorrect on the test I took
In many developing countries, the majority of citizens make their living through microenterprises- informal, tiny businesses that barely yield enough to survive.Without financial services, most of these entrepreneurs find growth simply impossible. The Foundation for International Community Assistance (FINCA), a nonprofit established in 1984, stepped into the gap by providing micro-loans ($50-$500) to the poorest of the poor entrepreneurs, through village banks that are administered by the people they serve. The FINCA program has been amazingly successful at breaking the vicious cycle of poverty for its clients. Check out their story on the Web at www.finca.org. Why has the FINCA approach worked so well? Do you think it would work in poor communities in the United States? Why or why not?
Answer:
The company provides micro financial services to poor and the needy people having no access to regular banking services
This helps to boost small businesses and financial inclusion which are heart of any economy and vital to the economy and promoting growth.
Possible measures taken by the organization includes providing funds for at lower interest rates and providing credit services. Subsidized credit to deficient areas increases productivity and employment growth by means of boosting the small and medium-sized enterprises.
This may work in poor communities in United States. However in united schemes there are lots of other governmental schemes such as coupons, free food etc program are already running.
However, these programs are also carrying a potential here. But there potential is much greater in poor countries having less developed banking and financial reach.
Explanation:
The FINCA approach has worked well due to providing micro-loans to the poorest entrepreneurs, fostering trust through local administration, but its applicability in poor communities in the United States may be limited due to differences in socio-economic conditions and infrastructure.
The success of the FINCA approach can be attributed to several key factors. Firstly, by providing micro-loans to the poorest entrepreneurs, FINCA empowers individuals to invest in their own businesses, generating income and lifting themselves out of poverty.
Secondly, the village bank model ensures that loans are administered locally, fostering trust and accountability within the community. Additionally, FINCA's focus on financial inclusion addresses a critical need in developing countries where access to traditional banking services is limited.
However, the effectiveness of the FINCA approach in poor communities in the United States may be limited due to differences in socio-economic conditions and infrastructure.
While microenterprise development programs can certainly benefit marginalized communities in the U.S., the extent of poverty and financial exclusion may not be as severe as in developing countries. Additionally, regulatory and cultural differences may present challenges to implementing a village bank model in the U.S.
The fraud examiner is concerned that individuals in the purchasing department are initiating purchases on their own to companies in which they have a vested interest. the document the examiner would be most interested in reviewing under these circumstances would be the:________
a. purchase order
b. receiving report
c. voucher
d. purchase requisition
e. bill of lading
Answer:
The correct answer is A) Purchase Order.
Explanation:
Fraud examination refers to the skills necessary to resolve allegations of fraud from inception to disposition; to obtain evidence, take statements and write reports; to testify to findings; and to assist in the detection and prevention of fraud.
A purchase order is a commercial document and first official offer issued by a buyer to a seller indicating types, quantities, and agreed prices for products or services. It is used to control the purchasing of products and services from external suppliers.
Purchase orders can be an essential part of enterprise resource planning system orders.
The purpose of purchase orders is to procure materials for direct consumption or for stock, procure services, cover customer requirements using external resources, or procure a material that is needed in plants from an internal source (Long distance intra-plant stock transfers).
The purchase order would normally contain information which would allow the fraud examiner conduct investigation tying the individuals to the companies they have vested interest in. Some of those information include:
1. Vendors Name
2. Vendors Phone Number
3. Vendors Address
etc
Please see a sample of a purchase order form.
Cheers!
An online bank is offering to pay 0.30% interest per month on deposits. Your local bank offers to pay 0.70% interest quarterly (every 3 months). Which is the higher interest rate?
Answer:
The higher interest rate is 0.3% monthly rather than 0.7% quarterly
Explanation:
Equivalent Rates of Interest
Rates of interest are related to time. If we are given a specific monthly rate r, it can be found an equivalent rate in another time base. But it depends on the type of interest we're working with (simple or compound)
If we have a r=0.3% per month, we can find the equivalent quarterly rate by simply multiplying by 3, if the investment is made on the simple interest type. In this case r = 0.3%*3 = 0.9% quarterly.
If we are working with compound interest, the equivalent rate is more complicated to find
(1+r)=(1+0.003)^3=1.0009003
We find
[tex]r=0.009003*100=9.003\%[/tex]
In both cases, the higher interest rate is 0.3% monthly rather than 0.7% quarterly
The interest rate that is higher in comparison would be:
0.3% monthly
Find the rate of interestGiven that,
Interest rate per month = 0.3%
Interest rate per quarter = 0.7%
If we calculate the annual interest for monthly and quarterly rate, it will be:
Monthly
No. of months in a year = 12
Monthly rate = 0.3%
So,
Annual Interest = 0.3 × 12
= 3.6%
Quarterly
No. of quarters in a year = 4
Quarterly rate = 0.7%
So,
Annual Interest = 0.7 × 4
= 2.8%
Since 3.6 is greater than 2.8, thus, 0.3% monthly is higher.
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Journalize the following foregoing transactions of the buyer, assuming that the company uses the perpetual inventory system. Refer to the Chart of Accounts for exact wording of account titles.
Dec. 1 Merchandise with a list price of $4,700 is purchased on account, terms FOB shipping point, 1/10, n/30. The seller prepaid freight costs of $100.
3 Prior to payment, $1,600 of the merchandise is returned.
8 The invoice is paid within the discount period.
Answer:
Buyer perspective:
Inventory 4700 debit
Accounts Payable 4700 credit
--to record purchase--
Accounts Payable 1600 debit
Inventory 1600 credit
--to record returned goods--
Accounts Payable 3100 debit
Inventory 31 credit
Cash 3069 credit
--to record payment within discount--
Explanation:
The freights are being paid by the seller as the FOB shipping point the goods are in their possesion until arrive at destination thus, it should assume the trasnportation cost
Account balance:
4700 invoice - 1600 return = 3,100
discount 1% of the balance: 31
cash outlay considering the discount
3,100 - 31 = 3,069
Kathy works full time during the day as an economist and faces an 80 percent marginal tax rate. If Kathy were to get an offer to work a second job in the evenings doing consulting work for a local business for $10,000 per year, how much of this additional income would she be able to keep as net pay after taxes? a. $10,000 b. $6,000 c. $2,000 d. $4,000
Final answer:
Kathy, with an 80 percent marginal tax rate on a second job offering $10,000 per year, would be able to keep $2,000 after taxes.
Explanation:
Kathy is considering taking a second job which offers $10,000 per year. Given her 80 percent marginal tax rate, we need to determine how much of this additional income she would be able to keep after taxes. The calculation is straight forward:
Amount offered for the second job: $10,000.Marginal tax rate: 80%.Amount taxed: $10,000 * 80% = $8,000.Net pay after taxes: $10,000 - $8,000 = $2,000.Therefore, Kathy would be able to keep $2,000 of the additional income as net pay after taxes. Option C is correct .
King Waterbeds has an annual cash dividend policy that raises the dividend each year by 44%. The most recent dividend, Div 0Div0, was $ 0.50$0.50 per share. What is the stock's price if a. an investor wants a return of 66%? b. an investor wants a return of 1010%? c. an investor wants a return of 1111%? d. an investor wants a return of 1313%? e. an investor wants a return of 1818%? a. What is the stock's price if an investor wants a return of 66%?
Answer:
Stock Prices expected of King Waterbeds are:
a. $8.67
b. $5.20
c. $4.73
d. $4.00
e. 2.89%
Explanation:
Based on Kin Waterbeds Dividend Policy of 4% incremental dividend Year on Year, it implies the next dividend Pay out would be $0.52 Per unit of share.
We understand that Returns on Investment in % is the actual Returns in Dollars divided by the invested Amount in Dollars.
Thus, to determine the Amount invested (now refereed to as Stock Prices), it will be my Actual Returns in Dollars divided by my expected Returns on Investment in %
The attached workings demonstrates how we arrived at the answers a to e.
List the three generations in the workplace today, and provide at least two characteristics of each generation that affect their motivation. How are these generations similar and how are they different?
Answer:
(1) Baby boomers born between 1946 to 1964.
Characteristics: They are optimistic and self focused.
(2) Generalization X born between the 1965-1980
Characteristics: They are independent and are knowns as the pioneers of Technological systems.
(3) Generation Y born between 1981 to 1997.
Characteristics: They are known to be Tech dependent and self expressive.
SIMILARITIES
All these groups are similar in terms of their value for independence in the work place, visionary and coaching style of leadership.
DIFFERENCE
Baby boomer created more competition in the work place,they value work over family and are less supportive.
Generation Xers are self reliant,self sufficient and most entrepreneur.
Generation Yers known as digital natives, grew up with the internet.
Explanation: In the work place their are different categories of persons based on their age, this categorization helps organisations to understand how to manage and regulate Relationships between the leaders and the other members of the Organisation.
Understanding the various generations available in a work place is vital to motivation and success of the business entity.
The three generations in the workplace today are Baby Boomers, Generation X, and Millennials. They have distinct characteristics that affect their motivation.
Explanation:The three generations in the workplace today are:
Baby Boomers: Born between 1946 and 1964, characterized by their hard work ethic and dedication to their jobs. They value job security and are motivated by recognition and career progression.Generation X: Born between the early 1960s and the 1980s, known for their independence and work-life balance. They seek challenges and variety in their work and are motivated by a sense of accomplishment and flexibility.Millennials: Born from 1979 to the early 1994, highly tech-savvy and value work-life integration. They are motivated by meaningful work, opportunities for growth and development, and work flexibility.These generations differ in their values and expectations, but they also share some similarities. Both Baby Boomers and Millennials value recognition and career progression, although for different reasons. Generation X and Millennials both prioritize work-life balance, although Generation X is more focused on independence while Millennials seek work-life integration.
Learn more about Generations in the workplace here:https://brainly.com/question/34115681
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1. All of the factors below create a change in demand for alcohol except: a. Change in cigarette prices given that cigarettes and alcohol are substitutes b. Rise in anti-drinking sentiments across the country c. Increase in risk of liver cirrhosis associated with alcohol consumption d. Rise in price of alcohol e. Rise in income of alcohol consumers (alcohol is a normal good)
Answer:
d. Rise in price of alcohol
Explanation:
Change in Quantity demanded occurs due to change in Price. Change in Demand happens due to factors other than price - Income, Substitute & Complementary good's price, Taste.
Change in alcohol demand - due to substitute Cigarette price change , Change [Decrease] in alcohol demand - due to change in taste based on anti drinking sentiments, higher risk of alcohol liver cirrhosis , Change [Increase] in alcohol demand - due to change [rise] in Income : These all are due to factors other than price & hence are 'Change in Demand'
Rise in price of Alcohol leads to 'Change [Expansion] in Quantity Demanded' due to price change [rise] .
A company sells goods for $150,000 that cost $54,000 to manufacture. Which statement is true? a. The company will recognize sales on the balance sheet of $150,000. b. The company will recognize $96,000 gross profit on the balance sheet. c. The company will decrease finished goods by $54,000. d. The company will increase finished goods by $54,000.
Answer:
The correct answer is C
Explanation:
Finished goods are those goods which have been finished or completed through the process of the manufacturing or purchased or bought in the completed form, but not sold yet to the customers.
The finished goods cost or expense is considered to be a asset which is short term in nature, which is expected to be sold in less than a year or period.
So, when the company sold the goods that worth $54,000 to the manufacture for $150,000, this will lead to decrease in the finished goods of the company which worth $54,000.