cardi b reported the following data for her company in 2019: net operating income $65,000 beginning operating assets ??? ending operating assets $562,000 return on investment 0.11 based on the information above, what was the beginning balance of operating assets for 2019? round your answer to the nearest dollar. you answered correct answer 619,818
Answers
The beginning balance of the operating assets fro 2019 comes to $619 818.18
What is the computation showing the above answer?The Equation for Return on operating asset = Net operating income for the year/(average operating assets)
Net operating income = $65,000
Ending operating asset = $562,000
Average operating assets = (beginning operating assets + ending operating asset)/2
Therefore,
Average operating asset = net operating income/ return on investment
= $65,000/0.11
= $590,909.09
Therefore,
beginning operating asset + ending operating asset = $590,909.09*2
= $1,181,818.18
So, beginning operating asset = 1,181,818.18 - ending operating asset
= $1,181,818.18- $562,000
= $619 818.18
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Related Questions
Which one of the four factors of copyright is MOST important?
Answers
Answer:
the purpose and character of the use i think
Explanation:
Which of the following is a reason you can be fired under an employment at
will policy?
A. The company relocates to a smaller facility.
B. The company learns that your parents were born in Russia.
C. The company suspects you are stealing inventory.
D. The company wants to hire a younger worker.
Answers
Answer:
A
Explanation:
Cause they might need new people if they relocate Nd might fire a lot of ppl if the working space is small
april has joined a team with members from the sales customers service and shipping and receiving departments which term best describes the team april joined
Answers
Answer:
A cross-functional team
Explanation:
A cross-functional team is composed of members with different skills, experiences, and backgrounds. In organizations, cross-functional teams will have members from various departments. The teams are formed to undertake projects that require input from different experts.
April has joined a cross-functional team. The team has members from many departments. Cross-functional are temporally and get dissolved when the project is complete.
A financial adviser hosts a blog where he invites other personal finance experts to guest-blog on everything from real estate to estate taxes to tax write-offs. The variety of advice increases the site’s search engine optimization (SEO) and attracts many more potential clients for all the participating financial professionals.
Answers
Answer: build synergy
Explanation:
The scenario that occured in this situation has to do with the building of synergy.
A synergy is built in this case as the interaction with other finance experts has led to the increase in the sites search engine optimization and this ultimately brings about an increase in the number of potential clients.
if a fair coin is tossed at random five independent times, find the conditional probability of five heads given that there are at least four heads.
Answers
The conditional probability of five heads given there are at least four heads is 27/32.
What is conditional probability?Given that another event has previously occurred (via assumption, presumption, statement, or evidence), conditional probability in probability theory is a measure of the likelihood that the first event will also occur. The success of this approach depends on event B having some connection to event A. Using a conditional probability with respect to event A, it is possible to examine the event B in this scenario. For instance, only 5% of the time is there a chance that a specific person would cough. However, they are far more likely to cough if we already know or suspect that they are ill. P(Cough) = 5% and P(Cough|Sick) = 75%, for instance, if the conditional probability that someone is ill is 75% and they are coughing.
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Even through the United States is traditionally viewed as a market economy, what role does the government have in the economy?
A. The government is in charge of setting the prices within the economy.
B. The government is in charge of the taxing and spending of the government.
C. The government has no role within the market economy of the United States.
D. The government is to make sure that there is fairness and equity within all markets of the economy.
Answers
Answer:
D. The government is to make sure that there is fairness and equity within all markets of the economy.
Explanation:
The USA is a predominantly free-market economy. Entrepreneurs are free to decide where and the nature of the business to set-up. Buyers have the liberty to purchase from their preferred suppliers. Demand and supply forces determine the goods and services to be availed in the market and their prices.
The US government participates in the economy as a regulator. Its primary role is to promote fair competition among suppliers, guard consumers against unfair exploitation by traders, and safeguard worker interest. The government may provide essential public services such as roads, health, and education but the majority of factors of production are in the private sector.
the answer is B. The government is in charge of the taxing and spending of the government.
In September, you made a profit of $5,456,963 with expenses of $2,456,654. What was your total revenue?
Answers
The total revenue when the profit and expenses are given so it should be considered as the $7,913,617.
Calculation of the total revenue:We know that
Profit is $5,456,963
And, expenses is $2,456,654
We know that
Profit = Revenue - Expenses
$5,456,963 = Revenue - $2,456,654
So, the revenue is
= $5,456,963 + $2,456,654
= $7,913,617
Hence, The total revenue when the profit and expenses are given so it should be considererd as the $7,913,617.
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Which c of the four c’s of marketing associates withe the promotion element of the marketing mix
Answers
Answer:
Communication
Explanation:
In the four Ps of marketing, promotion is closely associated with communication in the 4c of marketing. Promotions are the activities a business undertakes to convince customers to buy a product. Communication is a more customer-oriented approach compared to a promotion, which can be manipulative.
Communication involves creating an interaction between buyer and seller. The buyer seeks to form a relationship with the sellers and convince them to buy.
Quinn works for a manufacturing company and is in the process of making a decision about the funding of future projects. Since the company has outlined more potential projects than can actually be funded, Quinn must select those projects that promise the greatest future return for the company. Quinn is involved in the process of:
Answers
Answer: Capital Budgeting
Explanation:
1. Which of the following is a benefit of channels of distribution:
a. We can more easily obtain products from all over the world.
b. Producers must spend more money.
c. Retailers must spend more money.
d. We spend more time looking for products we want.
Answers
The advantage of distribution channels is that they make it simpler for us to buy goods from around the globe. Option A is correct.
What is the channel distribution?Distribution channels are the routes that goods and services follow from the producer or supplier of the service to the final customer. Channels of distribution are crucial to organizations because they enable efficient delivery of products or services to clients.
Unhappy consumers and subpar service delivery may result from a company's failure to choose the optimal group of enterprises for this purpose. Distribution channels have the benefit of making it easier for us to purchase items from around the world.
Therefore, option A is correct.
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The document a customer returns with their payment and that identifies the source and the amount of the payment is called a:_______
Answers
The document that customer returns with their payment which identifies the source and the amount of payment is called a remittance advice.
A remittance advice letter is one sent by a customer to a supplier informing them that their invoice has been paid. When a customer pays by check, the remittance advice is frequently included. Remittance advices are not required, but they are considered a courtesy because they assist the accounts-receivable department in matching invoices with payments. As a result, the remittance advice should include the invoice numbers for which payment is being made.
Furthermore, remittance slips require little effort to create because many businesses will issue a remittance advice note alongside the invoice, making it easier for customers to send the required information in the correct format.
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Which demographic groups does Women in Motion serve?(keep it clear and short)
Answers
The demographic group Women in Motion serve is Women who are all talented and Young giving in their best contribution to Cinema.
What is demographic?
Demographic is referred to defining a set of populations based on the characteristics like age, gender, social status, education, qualification, and so on.
"Women in Motion" has referred to a kind of award which was given to effective young female personalities who are raising the position of women in society and providing a contribution to their growth.
The event has emerged as a go-to platform for starting discussions and influencing perceptions around the representation of women in the arts and entertainment industries.
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Which of the following is the best definition of a minimum payment on a credit card?
a) A fee that must be paid whether the card is used or not
b) The smallest payment that will keep a credit card holder in good standing with the lender
C) The interest on the purchases that were made on the credit card
d) Alow introductory payment offered by the lender for a few months until the card holder has established good credit
Answers
Read the Continuing Case at the end of Chapter 3 abou Carter Cleaning Company and then answer the following questions. Would you recommend that the Carters expand their quality program? If so, specifically what form should it take? Assume the Carters want to institute a highperformance work system as a test program in one of their stores. Write an outline summarizing important HR practices you think they should focus on. As a person who keeps up with the business press, Jennifer Carter is familiar with the benefits of programs such as total quality management and high-performance work systems. Jack, her father, actually installed a total quality program of sorts at Carter, and it has been in place for about 5 years. This program takes the form of employee meetings. Jack holds employee meetings periodically, but particularly when there is a serious problem in a store-such as poorquality work or machine breakdowns. When problems like these arise, instead of trying to diagnose them himself or with Jennifer, he contacts all the employees in that store and meets with them when the store closes. Hourly employees get extra pay for these meetings. The meetings have been useful in helping Jack to identify and rectify several problems. For example, in one store all the fine white blouses were coming out looking dingy. It turned out that the cleaner/spotter had been ignoring the company rule that required cleaning ("boiling down") the perchloroethylene cleaning fluid before washing items like these. As a result, these fine white blouses were being washed in cleaning fluid that had residue from other, earlier washes. Jennifer now wonders whether these employee meetings should be expanded to give the employees an even bigger role in managing the Carter stores' quality. "We can't be everywhere Jennifer now wonders whether these employee meetings should be expanded to give the employees an even bigger role in managing the Carter stores' quality. "We can't be everywhere watching everything all the time," she said to her father. "Yes, but these people only earn about $8 to $15 per hour. Will they really want to act like mini-managers?" he replied.
Answers
Yes, it is recommended that the Carters expand their quality program. The program should take the form of a high-performance work system (HPWS) Approach implemented as a test program in one of their stores.
Expanding the quality program at Carter Cleaning Company is a strategic move to enhance overall performance and ensure consistent quality across their stores. Implementing a high-performance work system (HPWS) would be beneficial in this regard. The HPWS approach emphasizes the involvement and empowerment of employees in decision-making processes and gives them a bigger role in managing store quality.
To implement the HPWS, the Carters should focus on several important HR practices. These may include:
Employee involvement: Encouraging employees to actively participate in decision-making, problem-solving, and quality improvement initiatives. This can be achieved through regular team meetings, suggestion programs, and feedback mechanisms.
Training and development: Providing training programs that enhance employees' skills and knowledge, specifically related to quality management and customer service.
Performance management: Implementing a performance appraisal system that aligns individual goals with organizational objectives. Regular feedback and coaching sessions should be conducted to ensure continuous improvement.
Communication: Establishing open and transparent communication channels to facilitate the exchange of ideas, information, and feedback among employees and management. This can include regular meetings, newsletters, and digital platforms.
By implementing these HR practices within the high-performance work system, the Carters can create a culture of employee engagement, ownership, and accountability, leading to improved quality, customer satisfaction, and overall performance in their stores
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How can a good credit score help you?
Answers
a. An analysis of WTI's insurance policies shows that $2,674 of coverage has expired.
b. An inventory count shows that teaching supplies costing $2,318 are available at year-end.
c. Annual depreciation on the equipment is $10,698.
d. Annual depreciation on the professional library is $5,349.
e. On September 1, WTI agreed to do five courses for a client for $3,000 each. Two courses will start immediately and
finish before the end of the year. Three courses will not begin until next year. The client paid $15,000 cash in advance
for all five courses on September 1, and WTI credited Unearned Revenue.
f. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at
the end of the class. At December 31, $5,653 of the tuition revenue has been earned by WTI.
g. WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per
day for each employee.
h. The balance in the Prepaid Rent account represents rent for December.
Answers
The preparation of WTI Insurance Company's income statement for the year is as follows:
WTI Insurance Company
Income StatementFor the year ended December 31,
Tuition Fees $109,577
Training Fees 48,717
Total Revenue $154,694
Expenses:
Depreciation Expense -Professional Library $5,349
Deprecation Expense - Equipment 10,698
Salaries Expense 49,307
Insurance Expense 2,674
Rent Expense 24,468
Teaching Supplies Expense 7,869
Advertising Expense 7,132
Utility Expense 5,706
Total expenses $113,203
Net income $45,091
How do you prepare Income Statements from Unadjusted Trial Balance?To prepare an income statement from an unadjusted trial balance, you must take into consideration all the necessary end-of-period adjustments.
The adjustments ensure that the financial statements are prepared in accordance with the accrual basis. The accrual concept requires every expense and revenue for the period to be accounted for or recognized, whether received in cash or paid for.
Question Completion with Data from Unadjusted Trial Balance:Tuition Fees $103,924
Training Fees 38,717
Depreciation Expense -Professional Library $0
Deprecation Expense - Equipment $0
Salaries Expense $48,907
Insurance Expense $0
Rent Expense 22,429
Teaching Supplies Expense $0
Advertising Expense $7,132
Utility Expense $5,706
See attachment for more information.
Required: Prepare the income statement to show the net income.
Adjustments:a. Insurance Expense $2,674
b. Teaching Supplies Expense = $7,869 ($10,187 - $2,318)
c. Depreciation Expense - Equipment = $10,698
d. Depreciation Expense - Professional Library = $5,349
e. Training Fees = $48,717 ($38,717 + $10,000)
f. Tuition Fees $109,577 (103,924 + $5,653)
g. Salaries Expense $49,307 ($48,907 + $100 x 4)
h. Rent Expense = $24,468 ($22,429 + $2,039)
Thus, the income statement of WTI's Insurance shows a net income of $45,091.
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The chart shows a combined supply and demand schedule.
A 3-column table has 5 rows. The first column is labeled Price per Pair of Running Shoes with entries 45 dollars, 75 dollars, 100 dollars, 125 dollars, and 150 dollars. The second column is labeled Quantity Demanded with entries 100, 80, 60, 40, 20. The third column is labeled Quantity Supplied with entries 40, 50, 60, 70, 80.
According to this table, what will happen when the price of a pair of shoes rises from $100 to $125?
The cost to make a pair of shoes will rise.
A scarcity of shoes will result.
Profits from selling shoes will increase.
Consumers will want to buy fewer pairs of shoes
Answers
Answer:
Consumers will want to buy fewer pairs of shoes
Explanation:
Research Your Comic Strip
When you are thinking about which careers you would like to pursue, it can be helpful to find out what a typical day in a certain job is like. For this assignment, you will create a “day in the life” comic strip that shows the job duties of someone who has a job in operations management.
“But I’ve never worked in any of those jobs,” you might say. You can research one of those jobs in one or more ways:
Think about what you learned in the unit.
Use some of the research you completed in Activity 1, if you completed that activity.
Interview a friend, family member, or neighbor who has had a job in some type of operations management.
Use different browsers and search engines to find information. For example, you might use search terms such as “quality control manager day in the life” or “purchasing agent everyday tasks.”
You will probably have to use more than one research method to get the information you need.
Step 2: Rough Out Your Script
Most comic book artists create a script before they begin drawing. Here are some steps to help you.
Think about what you have learned.
Put the tasks in time order: What happens early in the workday, in the middle of the day, and before the person leaves work?
Will your comic include dialogue? That means words spoken between people.
What terminology does someone in this job use? Decide whether you will use it in your comic.
What are the most important things you want your reader to know about this job?
Step 3: Draw Your Comic
Now that you know what information you want to include and in what order, start drawing your comic. Don’t worry about being a great artist. You can use stick figures if you want to. Just make sure a reader can understand the sequence of events and learn about this career path.
You can create your comic by folding a piece of paper into sections (one section per panel) or by using illustration software or presentation software (one screen or one slide per panel). If you draw your comic, take a picture of the final comic and submit the image.
Submit your comic to the dropbox.
Answers
Answer:
"Comics" is used as a non-count noun, and thus is used with the singular form of a verb, in the way the words "politics" or "economics" are, to refer to the medium, so that one refers to the "comics industry" rather than the "comic industry".
"Comic" as an adjective also has the meaning of "funny", or as pertaining to comedians, which can cause confusion and is usually avoided in most cases ("comic strip" being a well-entrenched exception).
Explanation:
Comic strip conversations are a technique developed by Carol Gray to help people with autism develop greater social understanding. Comic strip conversations provide visual representations of the different levels of communication that take place in a conversation, using symbols, stick figure drawings and colour.
Comic books also provide authentic material to depict how grammar is used in conversations as opposed to sentences without background. They are funny and will engage the students. It also promotes learning different cultures as comic books are used across the world which will further boost vocabulary.
So let's focus first on the five features that are probably the most important: image style, words and word containers, word-image relationships, undrawn inferences, and layout. You can spend hours exploring them, but here's a brief introduction to each.
A major coffee supplier has warehouses in Seattle and San Jose. The cotfee supplier receives orders from coffee retallers in Salt Lake City and Reno. The retaler in Salt Lake City needs 600 pounds of coffee, and the retaler in Reno needs 200 pounds of colfee. The Seattle warehouse has 750 pounds available, and the warehouse in San Jose has 700 pounds ayaliabis. The cost of shipping from Seatile to Salt Lake City is $2.50 per pound, from Seatse to Reno $4 per pound, from San Jose to Salt Lake City \$6 per peund, and from San Jose to Reno $3 per pound. Find the number of pounds to be shipped from each warehouse to each retailer to minimize the cost Ship pounds of cotlee from Seattle to Salt Lake City. pounds of cotfee from Seattle to Reno. pounds of cotfee from San Jose to Sait Lake City, and pounds of coflee from San Jose to Reno.
Answers
- Ship 600 pounds of coffee from Seattle to Salt Lake City.
- Ship 200 pounds of coffee from Seattle to Reno.
- Ship 600 pounds of coffee from San Jose to Salt Lake City.
- Ship 200 pounds of coffee from San Jose to Reno.
To minimize the shipping cost, we need to determine the optimal number of pounds to be shipped from each warehouse to each retailer. Let's break down the problem step-by-step:
1. Determine the amount of coffee to be shipped from Seattle to Salt Lake City:
- The retailer in Salt Lake City needs 600 pounds of coffee.
- The Seattle warehouse has 750 pounds available.
- Since the demand is less than the supply, we can ship the entire 600 pounds from Seattle to Salt Lake City.
2. Determine the amount of coffee to be shipped from Seattle to Reno:
- The retailer in Reno needs 200 pounds of coffee.
- The Seattle warehouse has 750 pounds available.
- Since the demand is less than the supply, we can ship the entire 200 pounds from Seattle to Reno.
3. Determine the amount of coffee to be shipped from San Jose to Salt Lake City:
- The retailer in Salt Lake City needs 600 pounds of coffee.
- The San Jose warehouse has 700 pounds available.
- Since the demand is greater than the supply, we can only ship 700 pounds from San Jose to Salt Lake City.
4. Determine the amount of coffee to be shipped from San Jose to Reno:
- The retailer in Reno needs 200 pounds of coffee.
- The San Jose warehouse has 700 pounds available.
- Since the demand is less than the supply, we can ship the entire 200 pounds from San Jose to Reno.
Based on the above calculations, the optimal distribution would be:
- Ship 600 pounds of coffee from Seattle to Salt Lake City.
- Ship 200 pounds of coffee from Seattle to Reno.
- Ship 600 pounds of coffee from San Jose to Salt Lake City.
- Ship 200 pounds of coffee from San Jose to Reno.
This distribution minimizes the shipping cost while fulfilling the retailers' demand.
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Popularity increases a product’s
A. price
B. utility
C. life cycle
D. trial period
Answers
Answer:
life cycle
Explanation:
When a product has been popularized with adverts, people will know d product and will wanna try it out.Once this happens,the product will still be in existence prolonging the life cycle
When consumers have more _____ to adjust, demand becomes relativity more elastic.
Answers
When consumers have more time to adjust, demand becomes relatively more elastic.
Elasticity is a measure of how sensitive the quantity demanded of a good is to a change in its price or other factors, such as income or availability of substitutes. When demand is more elastic, it means that consumers are more responsive to changes in the product's price or other conditions.
Having more time to adjust allows consumers to explore alternatives, make better-informed decisions, and change their consumption habits if needed. This can happen, for example, when there is a price increase. Consumers with more time to react might decide to switch to a different product, find a substitute, or reduce their consumption. This makes the quantity demanded of the good more sensitive to price changes, resulting in higher price elasticity of demand.
On the other hand, when consumers have less time to adjust, they may continue consuming the same product at a higher price, even if they would have preferred to switch to an alternative in the long run. This makes demand less elastic, as the quantity demanded does not change much in response to price variations.
In summary, the more time consumers have to adapt to changes in the market, the more elastic the demand becomes, as they can respond better to price fluctuations and other factors affecting their purchasing decisions.
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based on prior learning, name two reasons that paying your credit card or loan bill late has serious consequences.
Answers
The two reasons that paying your credit card or loan bill late has serious consequences:
Fees for late payments may apply.Your credit score may be impacted by the late payment, which could be recorded in your credit history.If you don't pay your credit card account on time, you can have to pay late fees, high interest rates, and other expenses on top of that. Regular late payments can also lead to a reduction in credit limit, the end of the interest-free period, and a lower credit score.
If you pay off all of your credit card debt, your credit score will increase. Lenders are more likely to approve your credit application if you have a higher credit score. Additionally, they will offer you beneficial loan terms like lower interest rates and higher borrowing limits.
Consumers frequently apply for secured credit cards in an effort to improve their credit scores or build a credit history. In comparison to unsecured credit cards, secured credit cards have lower credit limits and higher fees.
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Which of the following scenarios describes an advantage of a global economy?
A car company makes its products in a country known for high manufacturing requirements.
A lightbulb company expands to a country where potential workers all have the same educational background.
An electronics company manufactures products in a country where the materials cost is high.
A toothpaste company expands to another country where there is a lot of competition for jobs.
Answers
https://www.nap.edu/read/1806/chapter/7
Question 11 (Multiple Choice Worth 5 points) (03.05 MC) Christina received an offer for a grant to pay for her college tuition. If she accepts the grant, what does this mean? O She will have to pay back the money after graduation. O She will not have to pay back the money. O She will only have to pay back half of the money after graduation. She will have to pay back twice the amount of money after graduation.
Answers
Christina received an offer for a grant to pay for her college tuition. If she accepts the grant She will not be required to repay the money.
What is a payment from a grant?A payment called a grant is a type of financial aid that is given to a recipient by the government or another organization to help them pay for a project or program. Grants typically come in one lump sum, but they can also come in a series of smaller payments spread out over time.
Most of the time, grants are given out based on how well the applicant can show that their project or program is valuable to the public and will help the community in some way. Research grants, educational grants, community development grants, and business grants are all examples of grants. The recipient of a grant payment is not required to repay the grant money.
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Mention five legal ways to spend money
Answers
Some ways that you can spend money legally are:
Buying booksGoing on a vacationBuying a companyGiving to the poor or a charityEmploying laborWhat is Money?This refers to the legal tender that is used for the buying and selling of goods and services that have an inherent value
Hence, we can see that based on the given question, money can be spent in a variety of ways legally and this includes starting a business, giving to the poor, etc.
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All of the following decrease Retained Earnings except:
stock splits
cash dividends
property dividends
stock dividends
Answers
All of options decrease the Retained Earnings except : (a) Stock Splits.
When a company undergoes a stock split, it increases the number of shares outstanding while reducing the share price proportionately. This does not affect the total value of the company or its retained-earnings. The split simply adjusts the number of shares held by each shareholder without changing their proportional ownership or the company's overall financial position.
In a stock split, the number of shares increases, but the par value per share decreases, resulting in a reallocation of the company's equity among a greater number of shares. Retained earnings are not directly impacted by a stock-split.
Therefore, the given question is (a).
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The given question is incomplete, the complete question is
All of the following decrease Retained Earnings except:
(a) Stock Splits
(b) Cash Dividends
(c) Property Dividends
(d) Stock Dividends
stock splits, cash dividends, property dividends, and stock dividends can all impact a company's Retained Earnings. However, stock splits do not directly decrease retained earnings.
Retained Earnings is a crucial component of a company's financial statements. It represents the accumulated profits that have not been distributed to shareholders as dividends. Various transactions can affect a company's retained earnings, including stock splits, cash dividends, property dividends, and stock dividends.
A stock split is a corporate action that increases the number of shares outstanding without changing the total value of the company. For example, if a company performs a 2-for-1 stock split, each shareholder will receive an additional share for every share they own. While a stock split does not directly impact the total value of retained earnings, it does affect the number of shares outstanding.
Cash dividends are distributions of cash to shareholders. When a company pays cash dividends, it reduces its retained earnings. Cash dividends are typically paid out of a company's profits and are a way for the company to share its earnings with shareholders.
Property dividends involve distributing assets other than cash to shareholders. For example, a company might distribute shares of another company it owns as a dividend. Property dividends also reduce a company's retained earnings.
Stock dividends are additional shares of stock distributed to existing shareholders. For example, if a company declares a 10% stock dividend, each shareholder will receive an additional 10 shares for every 100 shares they own. While stock dividends increase the number of shares outstanding, they do not directly impact the total value of retained earnings.
In summary, stock splits, cash dividends, property dividends, and stock dividends can all impact a company's retained earnings. However, stock splits do not directly decrease retained earnings, as they only affect the number of shares outstanding.
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A new school building was recently built in the area. The entire cost of the project was $20,000,000. The city has put the project on a 20-year loan with an APR of 2.7%. There are 21,000 families that will be responsible for making monthly payments towards the loan. Determine the total amount that each family should be required to pay each year to cover the cost of the new school building. Round your answer to the nearest cent, if necessary.
Answers
Each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.
To determine the total amount that each family should be required to pay each year to cover the cost of the new school building, we can follow these steps:
Calculate the total loan amount.
The loan amount is the cost of the project, which is $20,000,000.
Calculate the annual interest payment.
The annual interest payment can be calculated using the formula:
Annual Interest Payment = Loan Amount * Annual Interest Rate
Annual Interest Rate = APR / 100
In this case, the annual interest rate is 2.7% or 0.027.
Annual Interest Payment = $20,000,000 * 0.027 = $540,000
Determine the number of families responsible for payments.
There are 21,000 families responsible for making monthly payments.
Calculate the total amount each family should pay each year.
Total Amount per Family = Annual Interest Payment / Number of Families
Total Amount per Family = $540,000 / 21,000
Rounding the result to the nearest cent, each family should be required to pay approximately $25.71 per year to cover the cost of the new school building.
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If the South African government can fund its deficits without the economy experiencing rising general prices, then we can say that:
a. the budget has balanced
b. public expenditure is of a long term nature
c. the public debt is sustainable.
d. the public debt is not sustainable.
Answers
If the South African government can fund its deficits without the economy experiencing rising general prices, it suggests that the public debt is sustainable. Option d is correct.
A sustainable public debt indicates that the government has the ability to repay its debt obligations in the long run without causing economic instability. It signifies that the government's revenue streams and expenditure plans are aligned in a way that maintains fiscal stability and does not overburden the economy.
When the public debt is sustainable, it provides confidence to investors and creditors, ensuring continued access to financing options at favorable terms. It also allows the government to invest in long-term projects and public expenditure without risking excessive inflation or economic instability.
However, it is important to note that sustainability is context-dependent and subject to various factors such as economic conditions, fiscal discipline, and prudent financial management. Regular monitoring and prudent decision-making are necessary to maintain a sustainable public debt profile and ensure long-term economic stability.
Option d is correct.
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in the market for bank credit, a large bank sometimes announces a change in interest rates. after the changes in interest rates are announced, other banks in the industry usually react by changing their rates in the same way. this is an example of:
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After the changes in interest rates are announced, other banks in the industry usually react by changing their rates in the same way. This is an example of Implicit collusion.
What is Implicit collusion?
Acts taken by rival businesses usually oligopolistic ones in a market that is intended to be controlled, priced higher, and generally behave like a monopoly that appear to be independent but are actually taking place simultaneously. The defining characteristic of implicit collusion, also known as tacit collusion, is the absence of any express agreement. One of two varieties of collusion exists here.
When two or more businesses work together to monopolise a market without making a formal or explicit agreement, this is known as implicit collusion.
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SkyChefs, Incorporated, prepares in-flight meals for a number of major airlines. One of the company's products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. During the most recent week, the company prepared 4,800 of these meals using 1,400 direct labor-hours. The company paid its direct labor workers a total of $18,200 for this work, or $13.00 per hour. According to the standard cost card for this meal, it should require 0.30 direct labor-hours at a cost of $12.50 per hour. Required: 1. What is the standard labor-hours allowed (SH) to prepare 4,800 meals? 2. What is the standard labor cost allowed (SH SR) to prepare 4,800 meals? 3. What is the labor spending variance? 4. What is the labor rate variance and the labor efficiency variance?
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1. Standard labor-hours allowed to prepare 4,800 meals = 1,440 labor hours allowed. 2. Standard labor cost allowed to prepare 4,800 meals is $18,000. 3. Labor spending variance = $700 unfavorable variance. 4. Labor rate variance = $0 labor rate variance.Labor efficiency variance = $500 favorable variance.
1. Standard labor-hours allowed to prepare 4,800 meals = (Number of meals produced) × (Standard direct labor-hours per unit)= 4,800 × 0.3= 1,440 labor-hours allowed
2. Standard labor cost allowed to prepare 4,800 meals = (Standard labor-hours allowed) × (Standard labor rate per hour)= 1,440 × $12.50= $18,000
3. Labor spending variance = Actual labor cost - (Standard labor rate × Actual direct labor-hours)= $18,200 - ($12.50 × 1,400)= $18,200 - $17,500= $700 unfavorable variance
4. Labor rate variance = Actual labor cost - (Standard labor rate × Actual labor-hours)= $18,200 - ($13 × 1,400)= $18,200 - $18,200= $0 labor rate variance.Labor efficiency variance = (Standard labor rate × Standard labor-hours allowed) - (Standard labor rate × Actual direct labor-hours)= ($12.50 × 1,440) - ($12.50 × 1,400)= $18,000 - $17,500= $500 favorable variance.
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