David Davis plans to save $2,735 every year for the next eight years, starting today. At the end of eight years, David will turn 30 years old and plans to use his savings toward the down payment on a house. If his investment in a mutual fund will earn him 12.0 percent annually, how much will he have saved in eight years when he buys his house
Answers
Answer:
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Explanation:
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You decide to decrease the price of your product to increase total sales revenue, because you believe your product's demand is
A) perfectly inelastic
B) unit elastic
C) price elastic
D) price inelastic
Answers
Answer:
C) price elastic.
Explanation:
Select all of the expressions that are equal to 6 × 45.
6 × (40 + 5)
Answers
Answer: A. 6 × (40 + 5)
C. (6 × 40) + (6 × 5)
E. 6 × (20 + 25)
Explanation:
The options include:
A. 6 × (40 + 5)
B. 4 + 2 × 45
C. (6 × 40) + (6 × 5)
D. (6 + 40) × (6 + 5)
E. 6 × (20 + 25)
6 × 45 = 270
A. 6 × (40 + 5)
= 6 × 45
= 270
B. 4 + 2 × 45
= 4 + 90
= 94
C. (6 × 40) + (6 × 5)
= 240 + 30
= 270
D. (6 + 40) × (6 + 5)
= 46 × 11
= 506
E. 6 × (20 + 25)
= 6 × 45
= 270
Therefore, the correct options are A, C and E.
Consider the perfectly competitive market for pineapples which is in a long run equilibrium. Now income increases (we may assume pineapples are a normal good). As a result we could expect that.
A. The short-run quantity for each firm stays the same
B. The long run quantity produced by each firm stays the same
C. The long run product for each firm increases
D. The short run products remain the same
Answers
First Bank loaned $360,000 for 180 days to a company purchasing a rock-crushing machine. The bank sold the 7% simple interest note 120 days later at an 8% discount rate. Find the proceeds. Assume a 360-day year for both notes.
Answers
Calculate costs of goods sold for Day Company
Answers
The cost of goods sold for Day Company for the period ended December 31, 2021, is $5,000.
What is the cost of goods sold?The cost of goods sold is the difference between the beginning inventory added to the period's purchases or finished goods while subtracting the ending inventory.
In other words, the cost of goods sold is the difference between the cost of goods available for sale and the ending inventory.
Data and Calculations:Beginning inventory = $1,000
Purchases = $7,000
Ending inventory = $3,000
Cost of goods sold = $5,000 ($1,000 + $7,000 - $3,000)
Thus, the cost of goods sold for Day Company for the period ended December 31, 2021, is $5,000.
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Bethany needs to borrow $10,000. She can borrow the money at 6% simple interest for 5 yr or she can borrow at 5% with interest compounded continuously for 5 yr.
a. How much total interest would Bethany pay at 6% simple interest?
b. How much total interest would Bethany pay at 5% interest compounded continuously?
c. Which option results in less total interest?
Answers
Answer:
a. $3000
b. 2840.25
c. compounded continuously
Explanation:
a. principal amount, p = $10000
Interest rate in the case of simple interest = 6%
Time, t = 5 years
Interest amount = Prt
Interest amount = 10000 x 6% x 5 = $3000
b. principal amount, p = $10000
Interest rate, r = 5%
Time, t = 5 years
Interest amount = Pe^(rt) - P
Interest amount = 10000 (2.71)^(5% x 5) - 10000
Interest amount = 2840.25
c. Compounded continuously has a lower interest amount.
Differential Analysis for a Discontinued Product
The condensed product-line income statement for Suffolk China Ware Company for the month of May is as follows:
Sales
Cost of goods sold
Gross profit
Selling and administrative expenses
Income from operations
Suffolk China Ware Company
Product-Line Income Statement
For the Month Ended May 31
Bowls
Plates
$64,000 $89,800
26,500
32,800
$37,500
$57,000
28,500
35,400
$9,000
$21,600
Fixed costs are 12% of the cost of goods sold and 41% of the selling and administrative expenses. Suffolk China Ware assumes
that fixed costs would not be materially affected if the Cups line were discontinued.
Revenues
Costs:
a. Prepare a differential analysis dated May 31 to determine whether to Continue Cups (Alternative 1) or Discontinue Cups
(Alternative 2). If an amount is zero, enter "0". For those boxes in which you must enter subtracted or negative numbers use a
Profit (los)
Variable cost of goods sold
Variable selling and admin, expenses
Fixed costs
Differential Analysis
Continue Cups (Alt. 1) or Discontinue Cups (Alt. 2)
For the Month Ended May 31
Cups
$26,400
15,000
$11,400
15,500
$(4,100)
Continue Cups Discontinue Cups
(Alternative 1) (Alternative 2)
0000
b. Should the Cups line be retained? Explain.
C.
As indicated by the differential analysis in part (a), the income will (blank) by $(blank)
if the Cups line is discontinued.
Answers
a.)The differential analysis shows that if the Cups line is discontinued, the company's net income will decrease by $12,668. Therefore, discontinuing the Cups line is not a profitable alternative. b.)the Cups line should be retained. c.) the company will incur a loss of $9,536 if it discontinues the Cups product line
a.)The differential analysis for whether to continue or discontinue the Cups product line is as follows:
Differential Analysis
Continue Cups (Alternative 1) Discontinue Cups (Alternative 2)
Sales $26,400 $0
Variable Costs:
Cost of Goods Sold $15,000 $0
Variable Selling and Administrative Expenses $11,400 $0
Contribution Margin $0 $(0)
Fixed Costs:
Cost of Goods Sold ($3,180) ($0)
Selling and Administrative Expenses ($6,356) ($0)
Income (Loss) from Operations $(9,536) $(0)
The differential analysis shows that if the Cups product line is discontinued, the company will save $26,400 in sales revenue, but will also save $15,000 in variable cost of goods sold and $11,400 in variable selling and administrative expenses.
However, the company will still have to pay $3,180 in fixed costs related to the Cups product line's cost of goods sold and $6,356 in fixed costs related to selling and administrative expenses. Therefore, if the company discontinues the Cups product line, it will save $26,400 in sales revenue but will still incur $9,536 in fixed costs, resulting in a loss of $9,536.
b.Based on the differential analysis, Suffolk China Ware Company should retain the Cups product line.
While discontinuing the product line would save $26,400 in sales revenue, it would result in a net loss of $9,536 due to the fixed costs that would still need to be incurred.
By continuing the Cups product line, the company would be able to generate a positive contribution margin of $11,400, which would help cover the fixed costs associated with the product line.
c.As indicated by the differential analysis in part (a), the income will decrease by $9,536 if the Cups line is discontinued. This means that the company will incur a loss of $9,536 if it discontinues the Cups product line, after taking into account the savings in variable costs and lost sales revenue.
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Ethics in PR therefore remains an important issue to consider. Discuss any five of the six values in codes of ethics proposed by Taylor and Yang (2014:549).
Answers
Taylor and Yang has given six values in codes of ethics for public relations practitioners. Five of them are- Honesty, Fairness, Responsibility, Respect and Transparency.
Here five of them are discussed-
Honesty: PR professionals are anticipated, to be honest and direct in their communication with the open. Trustworthiness is vital to building belief with partners and keeping up the validity of both the organization and the specialist. Fairness: This esteem involves treating all partners with fair-mindedness, not appearing favouritism or separation towards any gather or person. Specialists ought to endeavour to be evenhanded in their communication and decision-making forms. Responsibility: PR specialists have a obligation to act within the best intrigued of their organization and its partners. They ought to take duty for the results of their activities and guarantee that they are in compliance with important laws and moral benchmarks. Respect: Respect is almost recognizing the nobility and worth of all partners, notwithstanding their foundations or convictions. Professionals ought to communicate in a way that's conscious, chivalrous, and touchy to social contrasts. Transparency: This esteem alludes to the openness and revelation of information by PR specialists. Straightforwardness is imperative for building belief and validity with partners, and it makes a difference to anticipate mistaken assumptions and miscommunication.To learn more about Ethics,
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Taylor and Yang proposed six core values in their codes of ethics for public relations practitioners
The codes of ethics can be noted as -
Honesty: PR professionals should communicate in a genuine, accurate manner without misleading or deceiving the public.Loyalty: PR professionals should be honest and open in their communication, as well as loyal to the businesses, causes, or organisations they represent.Integrity: PR professionals ought to uphold high moral standards, operate honourably, and steer clear of conflicts of interest.Respect: PR professionals should show respect for the diversity of viewpoints and refrain from prejudice towards any group.Accountability: PR professionals should be accountable to the public, their clients, and stakeholders for their activities and even communications.Fairness: PR professionals should make sure that communication is accurate and balanced, and should abstain from sensationalising, exaggerating, or twisting the truth.Read more about codes of ethics on:
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Under the CAL-VET program, during the period that the veteran is living in the home and making payments, the veteran is party to a land contract. has full legal title. is a tenant in a leasehold estate. has no equitable interest in the property.
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Under the CAL-VET program, during the period that the veteran is living in the home and making payments ,has full legal title.
What kind of agreement is a veteran given when making a Cal Vet purchase?A loan arrangement known as a participation contract is signed by the veteran and Calve and is governed by a separate legal system from mortgage law.
The Cal Vet program is what?Calve sets the national standard for connecting veterans and their families with the rights and benefits they have earned through their military service as well as providing innovative leadership in veteran advocacy and veteran services in California.
Cal Vet is available to veterans.To be eligible, the following prerequisites must be satisfied: Every veteran who served actively for at least 90 days, during a time of war or peace (but not exclusively on active duty for training purposes), is eligible. To be eligible, service must be rendered in morally upright circumstances. There are no requirements for living there. The veteran has full legal title to the property while participating in the CAL-VET program and making payments on it.
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Managers are strictly required to properly understand the role of Information Systems in their organization. Failure to do so might have adversary effects on the existence of their organization. In relation to role of IS in organization, there are practical examples where IS has created a situation to replace roles organizations have assumed for years in Ethiopian business environment. Mention at least two organizations IN Ethiopia whose role has been replaced/ threatened by IS.
Answers
Answer:
Explanation: the most which is
In an episodic model of conflict, there is a trigger that opens up conflict that had been latent.
Answers
In an episodic model of conflict, The conflict is exposed by something, and the cycle repeats with the subsequent conflict incident.
What are the levels of conflict?There are four levels: intrapersonal (inside an individual), interpersonal (between two parties), intergroup (between groups), and interorganizational (between organisations) (inter-organizational conflict).
What causes episodic memory to occur?In order to aid in the recovery of episodic memory, emotional, semantic understanding, olfactory, auditory, and visual aspects might serve as cues or contextual information. You may, for instance, use the colour of a sign you parked next to or the structure's floor to help you remember where you parked your car.
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Define liquidity risk and explain how it relates to bonds and bond yields.
Answers
Answer:
Liquidity risk is the inability to quickly sell a bond for its full value. This risk exists primarily in thinly traded issues. Default risk is the likelihood the issuer will default on its bond obligations and is the basis for bond ratings.
Liquidity is a prime determiner of yield spreads, explaining up to half of the cross-sectional variation in spread levels and up to two times the cross-sectional variation in spread changes that is explained by the effects of credit rating alone.
Liquidity risk Liquidity refers to the investor's ability to sell a bond quickly and at an efficient price, as reflected in the bid-ask spread. High-yield bonds can sometimes be less liquid than investment-grade bonds, depending on the issuer and the market conditions at any given time.
(If some parts overlap/relate to the exactly to other parts, I'm sorry. But there ya go !)
Windborn Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock.
The following amounts were distributed as dividends:
20Y1 $30,000
20Y2 12,000
20Y3 45,000
Common Stock
(dividends per share)
I cannot figure out Y1 or Y3
Answers
The dividends per share for the common stock in year 1 (Y1) is $0.60 per share, and in year 3 (Y3) is $0.90 per share.
To calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3), we need to determine the total dividends distributed and divide them by the number of common shares outstanding.
Given information:
Cumulative preferred stock: 15,000 shares, 1% dividend
Common stock: 50,000 shares, $30 par value
Dividends distributed:
Y1: $30,000
Y2: $12,000
Y3: $45,000
First, let's calculate the dividends per share for the cumulative preferred stock in each year.
Dividends per share for cumulative preferred stock = (Par value * Dividend rate) / Number of preferred shares
Dividends per share for cumulative preferred stock = ($100 * 1%) / 15,000 shares
Dividends per share for cumulative preferred stock = $1 / 15,000
Dividends per share for cumulative preferred stock = $0.000067 per share
Now, let's calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3).
For Y1:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $30,000 - ($0.000067 * 15,000)
Total dividends for common stock = $30,000 - $1.005
Total dividends for common stock = $29,998.995
Dividends per share for common stock in Y1 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y1 = $29,998.995 / 50,000 shares
Dividends per share for common stock in Y1 = $0.5999799 per share (rounded to $0.60 per share)
For Y3:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $45,000 - ($0.000067 * 15,000)
Total dividends for common stock = $45,000 - $1.005
Total dividends for common stock = $44,998.995
Dividends per share for common stock in Y3 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y3 = $44,998.995 / 50,000 shares
Dividends per share for common stock in Y3 = $0.8999799 per share (rounded to $0.90 per share)
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1. Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries.
Answers
1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.
This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.
In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
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The comparative financial statements of Stargel Inc. are as follows. The market price of Stargel common stock was $119.70 on December 31, 20Y2.Stargel Inc.Comparative Retained Earnings StatementFor the Years Ended December 31, 20Y2 and 20Y120Y2 20Y1Retained earnings, January 1 $5,375,000 $4,545,000Net income 900,000 925,000Total $6,275,000 $5,470,000Dividends: Preferred stock dividends $45,000 $45,000Common stock dividends 50,000 50,000Total dividends $95,000 $95,000Retained earnings, December 31$6,180,000$5,375,000 Stargel Inc. Comparative Income Statement For the Years Ended December 31, $6,180,000 $5,375,000Stargel Inc.Comparative Income StatementFor the Years Ended December 31, 20Y2 and 20Y120Y2 20Y1Sales $10,000,000 $9,400,000Cost of goods sold 5,350,000 4,950,000Gross profit $4,650,000 $4,450,000Selling expenses $2,000,000 $1,880,000Administrative expenses 1,500,000 1,410,000Total operating expenses $3,500,000 $3,290,000Income from operations $1,150,000 $1,160,000Other revenue 150,000 140,000$1,300,000 $1,300,000Other expense (interest) 170,000 150,000Income before income tax $1,130,000 $1,150,000Income tax expense 230,000 225,000Net income $900,000 $925,000Stargel Inc.Comparative Balance SheetDecember 31, 20Y2 and 20Y1Dec. 31, 20Y2
Dec. 31, 20Y1Assets Current assets: Cash $500,000 $400,000Marketable securities 1,010,000 1,000,000Accounts receivable (net) 740,000 510,000Inventories 1,190,000 950,000Prepaid expenses 250,000 229,000Total current assets $3,690,000 $3,089,000Long-term investments 2,350,000 2,300,000Property, plant, and equipment (net) 3,740,000 3,366,000Total assets $9,780,000 $8,755,000Liabilities Current liabilities $900,000 $880,000Long-term liabilities: Mortgage note payable, 10% $200,000 $0Bonds payable, 10% 1,500,000 1,500,000Total long-term liabilities $1,700,000 $1,500,000Total liabilities $2,600,000 $2,380,000Stockholders' Equity Preferred $0.90 stock, $10 par $500,000 $500,000Common stock, $5 par 500,000 500,000Retained earnings 6,180,000 5,375,000Total stockholders' equity $7,180,000 $6,375,000Total liabilities and stockholders' equity $9,780,000 $8,755,000Required:Determine the following measures for 20Y2.Return on total assets %Return on stockholder's equity %Return on common stockholder's equity %
Answers
True or False: The term crawling peg implies that par value changes are implemented in a large number of small steps. The crawling peg mechanism has been used primarily by nations having high inflation rates.
Answers
Answer:true
Explanation:
Mistor Co. amended its pension plan on January 2 of the current year. It also granted $600,000 of unrecognized prior service costs to its employees. The employees are all active and expect to provide 2,000 service years in the future, with 350 service years this year. What is Mistor's unrecognized prior service cost amortization for the year?
Answers
Answer: $105,000
Explanation:
Given, unrecognized prior service costs granted = $600,000
service years in future = 2,000
service years this year = 350
Mistor's unrecognized prior service cost amortization for the year = (unrecognized prior service costs granted) ÷ (service years in future) ×(service years this year )
= $(600000÷2000×350)
= $105,000
Hence, Mistor's unrecognized prior service cost amortization for the year = $105,000
Score: 0/450
Question Value:
In 2018, the U.S. balance of payment numbers showed that income received was $1,060.4 billion and
income payments were $816.1. What was the net result?
an outflow of $816.1 billion
a net inflow of $244.3 billion
a net outflow of $244.3 billion
an inflow of $1,060.4 billion
Answers
The net result of the U.S. balance of payment numbers in 2018 was a net inflow of $244.3 billion.
In 2018, the U.S. balance of payment numbers indicated that income received was $1,060.4 billion, while income payments amounted to $816.1 billion.
To determine the net result, we need to subtract the income payments from the income received.
Net Result = Income Received - Income Payments
Substituting the given values into the equation, we have:
Net Result = $1,060.4 billion - $816.1 billion
Calculating the difference, we find:
Net Result = $244.3 billion
This signifies a net inflow of funds, indicating that the United States received more income from abroad than it paid out. It is important to note that a positive net result implies a surplus in the current account, which includes trade in goods and services, income receipts, and unilateral transfers.
This surplus indicates a favorable position for the U.S. economy in terms of its international financial transactions during that period.
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You are reading product reviews posted online by consumers. Which external information source are you using?
A. company website
B.industry website
industry website
C. social media
D. print media
E consumer report
Answers
Option (e), Reading customer reviews of products that have been put online. The external information source you're employing is called Consumer Report.
What does it mean when something is a "internal source" or a "external source"?Internal data refers to information regarding the business's activities, maintenance, personnel, and finances. Market information that comes from customers and competitors is external. It comprises data like statistics from surveys, polls, research studies, and customer feedback.
Consumer reviews are what kind of information?Customer review data is the sum of consumer ratings and reviews of products, services, and businesses. Customer feedback data looks at how consumers engage with and use a brand's products and services. what consumers think about a business.
Why are consumer product reviews important?Product reviews help businesses choose which products to stock in addition to helping consumers make informed decisions. According to Invsep, 90% of customers check internet reviews before visiting a business, and 88% of them think that these reviews are just as trustworthy as personal recommendations.
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the third level of conceptual framework does not include: a. assumptions b. constraint c. elements d. principles
Answers
Answer:
Identifies the principles of acknowledgment, calculation, and transparency used in the development and application of accounting standards, as well as the concrete concepts needed to achieve the goal. These definitions define the current reporting landscape and include expectations, values, and a cost limit.
Miller Park Stadium Project Case Study
Answers
Answer:
what about it lol there's no question
Which of the following best explains why a country might specialize in the production of a good?
O Consumers in the country only demand a single good.
O The country believes it is generally better to do one thing really well than multiple things.
The country cannot produce other goods and services.
Specialization allows the country to exchange for more of other goods than it could produce.
Answers
The best explanation for why a country might specialize in the production of a good is specialization allows the country to exchange for more of other goods than it could produce (option D).
Specialization in the production of a particular good enables a country to take advantage of its available resources, labor, and technology to produce that good more efficiently and at a lower cost compared to other countries. As a result, the country can sell its specialized good to other countries in exchange for other goods that it needs but cannot efficiently produce on its own.
For example, if a country specializes in the production of coffee, it can produce coffee beans at a lower cost and higher quality than other countries due to its favorable climate and available resources. The country can then trade its coffee for other goods that it cannot produce as efficiently, such as electronics or machinery.
Specialization also leads to increased productivity and efficiency, as workers can focus on producing a specific good and become highly skilled in that area. This can lead to technological advancements and innovations, which can further improve production efficiency and competitiveness in the global market.
In conclusion, specialization allows a country to leverage its strengths in the production of a specific good, trade it for other goods it needs, and increase productivity and competitiveness.
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List 10 ways you can apply green computing to your daily life.
Answers
1. Making Purchases from Businesses That Have a Commitment to the Environment
2. Taking Part in Programs for Recycling Electronic Equipment
3 Implementing Virtualization and Other Technologies
4 Reducing the Amount of Printed Material and Recycling Paper
5 Power down your computer and monitor
6. Modify the level of Brightness
7 Refrain from Utilizing a Screen Saver
8 Disconnect All Extraneous Devices
9 Make sure your printer is turned off.
10 Printed on Both Sides of the Sheet
This is further explained below.
What is computing?Generally, Computer refers to any goal-oriented activity that requires or benefits from the use of computing hardware or that creates such machinery.
The investigation and testing of algorithmic processes, as well as the creation of both hardware and software, are included in this field.
In conclusion,
1. Making Purchases from Businesses That Have a Commitment to the Environment
2. Taking Part in Programs for Recycling Electronic Equipment
3 Implementing Virtualization and Other Technologies
4 Reducing the Amount of Printed Material and Recycling Paper
5 Power down your computer and monitor
6. Modify the level of Brightness
7 Refrain from Utilizing a Screen Saver
8 Disconnect All Extraneous Devices
9 Make sure your printer is turned off.
10 Printed on Both Sides of the Sheet
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What QuickBooks activity comes next in this series of business activities: Create Invoice > Receive Payments >
Answers
Answer:
Deposit
Explanation:
QuickBooks is generally, a computer application which is mainly used for the purpose of carrying out business' accounting operation. It can perform various accounting business functions, amongst which is the deposit of funds.
The activity process described above indicates how to carry out the Deposit of funds in Quickbooks.
Hence, in this case, the QuickBooks activity that comes next in this series of business activities: Create Invoice > Receive Payments > DEPOSIT.
Using activity-based costing to make decisions
Dino Dog Collars uses activity-based costing. Dino's system has the following features:
Predetermined Overhead
Activity
Allocation Base
Allocation Rate
Purchasing Number of purchase orders $ 65.00 per purchase order
Assembling Number of parts
0.36 per part
Packaging Number of finished collars
0.25 per collar
Each collar has four parts, direct materials cost is $9.00 per collar, and direct labor cost
is $4.00 per collar. Suppose Animal Hut has asked for a bid on 25,000 dog collars. Dino
will issue a total of 150 purchase orders if Animal Hut accepts Dino's bid.
Requirements
1. Compute the total estimated cost Dino will incur to purchase the needed materials
and then assemble and package 25,000 dog collars. Also compute the cost per collar.
2. For bidding, Dino adds a 40% markup to total cost. What total price will the
company bid for the entire Animal Hut order?
3. Suppose that instead of an ABC system, Dino has a traditional product costing
system that allocates indirect costs at the rate of $9.60 per direct labor hour. The dog
collar order will require 12,000 direct labor hours. What total price will Dino bid using
this system's total cost?
4. Use your answers to Requirements 2 and 3 to explain how ABC can help Dino
make a better decision about the bid price it will offer Animal Hut.
Answers
Dino Dog Collars calculates the cost of producing 25,000 dog collars using activity-based costing. The total estimated cost, cost per collar, and bid price are calculated with a 40% markup.
What is the importance of ABC to management decision making?ABC is an accounting methodology that assigns indirect costs to products or services based on the activities that generate those costs. Unlike traditional costing methods, which allocate indirect costs based on a single cost driver, ABC allocates costs based on multiple cost drivers, providing a more accurate picture of a product's or service's true cost. ABC's value to management decision making stems from its ability to provide more accurate and relevant cost information. Managers can use ABC to determine which activities are causing costs, where inefficiencies exist, and how to optimise processes to reduce costs and increase profitability. ABC assists managers in making informed pricing decisions by providing a better understanding of the true cost of products and services.
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When companies compete in a market economy, what is usually the result?
a)Consumers are able to buy goods for the best available price.
b)People pay much higher prices for goods.
c)There are frequent shortages of goods on the market.
d)Producers refuse to sell some of their products.
Answers
When companies compete in a market economy, consumers are able to buy goods for the best available price.
What is market economy?Market economy is a system of economy where supply and demand are involved in directing production.
These production includes goods and services and it is controlled by a central authority such as government agency.
Therefore, when companies compete in a market economy, consumers are able to buy goods for the best available price.
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10. Net Income (or Loss) and Retained Earnings
The following information is available from the records of Buena Vista Corp. at the end of the year:
Accounts payable $5,000 Landscaping revenues $24,000
Accounts receivable 4,500 Office equipment 7,500
Capital stock 8,000 Rent expense 6,500
Cash 12,000 Retained earnings, beginning of year 8,500
Dividends paid during the year 3,000 Salary and wage expense 12,000
Required:
Use the above information to answer the following questions.
1. What is Buena Vista's net income for the year?
$fill in the blank 1
2. What is Buena Vista's Retained Earnings balance at the end of the year?
$fill in the blank 2
3. What is the total amount of Buena Vista's assets at the end of the year?
$fill in the blank 3
4. What is the total amount of Buena Vista's liabilities at the end of the year?
$fill in the blank 4
5. How much owners' equity does Buena Vista's have at the end of the year?
$fill in the blank 5
6. What is Buena Vista's accounting equation at the end of the year?
= + $fill in the blank 9 = $fill in the blank 10 + $fill in the blank 11
Answers
To answer these questions, we will use the basic accounting equation: Assets = Liabilities + Owners' Equity. We will also use the formula for calculating net income: Revenues - Expenses = Net Income.
Net Income = Revenues - Expenses
Net Income = $24,000 - ($6,500 + $12,000)
Net Income = $24,000 - $18,500
Net Income = $5,500
So, Buena Vista's net income for the year is $5,500.
Retained Earnings (end of year) = Retained Earnings (beginning of year) + Net Income - Dividends
Retained Earnings (end of year) = $8,500 + $5,500 - $3,000
Retained Earnings (end of year) = $11,000
So, Buena Vista's Retained Earnings balance at the end of the year is $11,000.
Assets = Cash + Accounts Receivable + Office Equipment + Land
Assets = $12,000 + $4,500 + $7,500 + $0
Assets = $24,000
So, the total amount of Buena Vista's assets at the end of the year is $24,000.
Liabilities = Accounts Payable
Liabilities = $5,000
So, the total amount of Buena Vista's liabilities at the end of the year is $5,000.
Owners' Equity = Capital Stock + Retained Earnings
Owners' Equity = $8,000 + $11,000
Owners' Equity = $19,000
So, Buena Vista's has $19,000 of owners' equity at the end of the year.
Assets = Liabilities + Owners' Equity
$24,000 = $5,000 + $19,000
So, Buena Vista's accounting equation at the end of the year is $24,000 = $5,000 + $19,000.
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Most people do not select a place of residence based on: A. lifestyle B. needs C. values. D.attitudes E. credit score
Answers
It is generally uncommon for people to decide a place of residence based on E. credit score
When people look for places to stay, they think about their:
Lifestyle and what house it suits that Their needs from a place Their values and whether the place would support them Attitudes towards what kind of place they should livePeople only think about the credit score when it comes to paying the rent of the place or being able to buy it. It is generally not a factor when selecting a place of residence initially.
In conclusion, most people do not select residence based on credit score.
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Africanisation (how will you incorporate the learners culture or heritage into the contemporary socio-economic issues lesson
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By incorporating culturally relevant examples, guest speakers, local data, cross-cultural comparisons, a multilingual approach, and artistic expressions, we can incorporate learners' culture or heritage into the contemporary socio-economic issues lesson.
To incorporate the learners' culture or heritage into a contemporary socio-economic issues lesson, it is important to create a culturally responsive and inclusive learning environment that recognizes and values the African context. Here are some strategies to achieve this:
Culturally Relevant Examples: Use examples and case studies from African countries or communities that relate to the socio-economic issues being discussed. This helps students connect with the content on a personal and cultural level, fostering engagement and understanding.
Guest Speakers and Community Involvement: Invite guest speakers from diverse African backgrounds who can share their experiences and perspectives on the socio-economic issues being studied. This provides authentic and firsthand insights into how these issues manifest in different African contexts.
Local Data and Research: Incorporate local data and research from African sources to illustrate the impact of socio-economic issues. This helps students see the relevance of these issues within their own communities and promotes a sense of ownership and empowerment.
Cross-Cultural Comparisons: Encourage students to explore and compare socio-economic issues between African countries, as well as with other regions of the world. This broadens their perspective, promotes critical thinking, and encourages understanding of global interconnections.
Multilingual Approach: Recognize and embrace the diversity of languages spoken by students. Incorporate key terms, discussions, and resources in various African languages, ensuring that students can engage with the content in their native languages and feel valued.
Art, Music, and Literature: Incorporate African art, music, and literature that address socio-economic issues. This helps students explore these topics through creative expressions that resonate with their cultural heritage.
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Item 17 A certain cell phone plan charges a fee of $1 for each international call made plus $0. 02 for each second of talk time for the international call. A business owner tracked the time and cost for each of the calls made by the employees when they traveled internationally for business. What is the appropriate value of the correlation between time and cost for the international calls?
Answers
The appropriate value of the correlation between time and cost for the international calls is 1.
Explanation:
The correlation coefficient (r) measures the strength and direction of the linear relationship between two variables. It ranges from -1 to 1, where -1 indicates a perfect negative correlation, 1 indicates a perfect positive correlation, and 0 indicates no correlation.
In this case, the cost of an international call is directly proportional to the time of the call. This means that as the time of the call increases, the cost also increases at a constant rate. Therefore, the correlation between time and cost for the international calls is 1, indicating a perfect positive correlation.
Here's the formula for the cost of an international call:
Cost = $1 + ($0.02 × time)
The $1 is a fixed fee for each call, and the $0.02 is the rate for each second of talk time. So, for each additional second of talk time, the cost increases by $0.02. This shows a direct relationship between time and cost, resulting in a correlation of 1.
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