On January 1, NewTune Company exchanges 18,235 shares of its common stock for all of the outstanding shares of On-the-Go, Inc. Each of NewTune’s shares has a $4 par value and a $50 fair value. The fair value of the stock exchanged in the acquisition was considered equal to On-the-Go’s fair value. NewTune also paid $24,100 in stock registration and issuance costs in connection with the merger.
Several of On-the-Go’s accounts’ fair values differ from their book values on this date:
Book Values Fair Values
Receivables $42,750 $38,400
Trademarks 118,750 308,500
Record music catalog 80,250 248,250
In-process research and development. 0 218,250
Notes payable (52,500) (46,100)
Pre-combination book values for the two companies are as follows:
NewTune On-the-Go
Cash $66,500 $31,750
Receivables 153,500 42,750
Trademarks 463,000 118,750
Record music catalog 851,000 80,250
Equipment (net) 333,000 117,000
Totals $1,867,000 $390,500
Accounts payable $(151,000) $(37,000)
Notes payable (406,000) (52,500)
Common stock (400,000) (50,000)
Additional paid-in capital (30,000) (30,000)
Retained earnings (880,000) (221,000 )
Totals $(1,867,000) $(118,750)
Assume that this combination is a statutory merger so that On-the-Go’s accounts will be transferred to the records of NewTune. On-the-Go will be dissolved and will no longer exist as a legal entity. Prepare a post-combination balance sheet for NewTune as of the acquisition date.
Assume that no dissolution takes place in connection with this combination. Rather, both companies retain their separate legal identities. Prepare a worksheet to consolidate the two companies as of the combination date.
Answers
Answer:
Explanation:
Solution:
Post-Combination Balance Sheet for NewTune as of the Acquisition Date:
Assets
Current assets:
Cash and cash equivalents: $98,250 ($66,500 + $31,750)
Receivables: $194,150 ($153,500 + $42,750 - $2,100*)
In-process R&D: $218,250
Total current assets: $510,650
Non-current assets:
Trademarks: $427,750 ($308,500 + $118,750)
Record music catalog: $1,079,500 ($851,000 + $80,250 + $248,250**)
Equipment (net): $450,000 ($333,000 + $117,000)
Total non-current assets: $1,957,250
Total assets: $2,467,900
Liabilities and Equity
Current liabilities:
Accounts payable: $(188,000) ($151,000 + $37,000)
Notes payable: $(98,600) ($46,100 + $52,500)
Total current liabilities: $(286,600)
Long-term liabilities:
Notes payable: $(454,900) ($406,000 + $52,900***)
Total long-term liabilities: $(454,900)
Stockholders’ equity:
Common stock: $(450,000) ($400,000 + $50,000)
Additional paid-in capital: $(60,000) ($30,000 + $30,000)
Retained earnings: $(1,216,000) ($880,000 + $221,000 - $24,100****)
Total stockholders’ equity: $(1,726,000)
Total liabilities and equity: $2,467,900
*Adjustment for the difference between the fair value and book value of On-the-Go’s receivables: $42,750 - $38,400 = $4,350. NewTune’s receivables would not be adjusted since their book and fair values are the same.
**Adjustment for the fair value of the in-process R&D acquired from On-the-Go.
***Adjustment for the difference between the fair value and book value of On-the-Go’s notes payable: $52,500 - $46,100 = $6,400. NewTune’s notes payable would not be adjusted since their book and fair values are the same.
****Adjustment for the stock registration and issuance costs paid by NewTune in connection with the merger.
Worksheet to Consolidate NewTune and On-the-Go:
Consolidated Balance Sheet
As of the Combination Date
Assets
Current assets:
Cash and cash equivalents: $98,250
Receivables: $194,150
Inventory: $0
Prepaid expenses: $0
Total current assets: $292,400
Non-current assets:
Trademarks: $427,750
Record music catalog: $1,079,500
Equipment (net): $450,000
Investments: $0
Goodwill: $0
Other assets: $0
Total non-current assets: $1,957,250
Total assets: $2,249,650
Liabilities and Equity
Current liabilities:
Accounts payable: $(188,000)
Notes payable: $(98,600)
Current portion of long-term debt: $0
Total current liabilities: $(286,600)
Long-term liabilities:
Notes payable: $(454,900)
Bonds payable: $0
Deferred income taxes: $0
Other long-term liabilities: $0
Total long-term liabilities: $(454,900)
Stockholders’ equity:
Common stock: $(450,000)
Additional paid-in capital: $(60,000)
Retained earnings:
Worksheet to consolidate the two companies as of the combination date:
NewTune On-the-Go Adjustments Consolidated
Cash $66,500 $31,750 - $98,250
Receivables 153,500 42,750 $(4,350) a $192,900
Trademarks 463,000 118,750 $189,750 b $771,500
Record music catalog 851,000 80,250 $167,250 c $1,098,500
Equipment (net) 333,000 117,000 - $450,000
Totals $1,867,000 $390,500 $352,650 $2,610,150
Accounts payable $(151,000) $(37,000) - $(188,000)
Notes payable (406,000) (52,500) $99,600 d $(359,900)
Common stock (400,000) (50,000) - $(450,000)
Additional paid-in capital (30,000) (30,000) - $(60,000)
Retained earnings (880,000) (221,000) $(173,850) e $(928,850)
Totals $(1,867,000) $(118,750) $25,750 $(1,960,000)
a. Adjusting entry to decrease the receivables of On-the-Go to their fair value.
b. Adjusting entry to increase the trademarks of On-the-Go to their fair value.
c. Adjusting entry to increase the record music catalog of On-the-Go to its fair value.
d. Adjusting entry to increase the notes payable of NewTune to their fair value.
e. Adjusting entry to decrease the retained earnings of both companies to reflect the fair value adjustment for the in-process research and development.
Post-combination balance sheet for NewTune as of the acquisition date:
Assets
Cash $98,250
Receivables $192,900
Trademarks $771,500
Record music catalog $1,098,500
Equipment (net) $450,000
Total assets $2,611,150
Liabilities and Shareholders' Equity
Accounts payable $188,000
Notes payable $359,900
Common stock $450,000
Additional paid-in capital $60,000
Retained earnings $1,553,250
Total liabilities and shareholders' equity $2,611,150
Related Questions
critcism of modern management theory
Answers
Critics argue modern management theory is rigid, short-sighted, lacks inclusivity, and limits employee empowerment and engagement.
Modern management theory has received its fair share of criticism. One critique is its overemphasis on rigid hierarchical structures, which can stifle creativity and hinder employee autonomy. Another criticism is the focus on short-term financial gains, often at the expense of long-term sustainability and employee well-being. Critics argue that this approach neglects the importance of social and environmental factors in organizational success. Additionally, modern management theory is often criticized for its lack of inclusivity and failure to address issues of diversity and equity. Furthermore, some argue that the reliance on top-down decision-making and command-and-control structures limits employee engagement and empowerment. These criticisms highlight the need for a more flexible, holistic, and human-centered approach to management that takes into account the complex dynamics of organizations and their impact on individuals and society.For more such questions on Modern management theory:
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HELP PLS
Which of the following is a explain a job responsibility for an engineer in a manufacturing plant.
A: Creating product designs
B: inspecting products
C: repairing machinery
D: supervising mechanics
Answers
Answer:
The answer is AExplanation:
I know my answer is very late but imp leaving this here for whoever needs it. Engineers make the actual machinery designs and test them. Therefore the answer is A. If my answer is incorrect I am sorry.
Alejandro is the type of manager who completely focuses on efficiency, and he assumes workers are rational. Alejandro is probably applying the ________ viewpoint.
Answers
Alejandro is probably applying the quantitative viewpoint.
What is quantitative viewpoint?The quantitative viewpoint is the one that lay emphasis on efficiency. This viewpoint means that the questions we form can be best answered with some analytical thinking.
There are different types of managers, however, quantitative viewpoint assumes workers are rational hence focuses on efficiency of workers.
Hence, Alejandro is probably applying the quantitative viewpoint, which is the type of manager who completely focuses on efficiency, and assumes workers are rational.
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explain what would you do when a caller wants a home telephone number of the manager of the organization
Answers
If a caller requests the home telephone number of the manager of the organization, it is important to follow some steps to ensure their privacy and safety.
Firstly, I would politely inform the caller that I cannot provide the manager's home telephone number for security reasons. Instead, I would offer to take their message along with their contact details and ensure that it is passed on to the manager for appropriate action.
If the caller insists on having the number, I would calmly explain that it goes against company policy as it can lead to unwanted and unsolicited calls which may not be safe. However, if the caller identifies themselves as an employee, I would offer to connect them to the manager's office line or leave a voicemail on their office phone. Overall, it is important to handle such calls with professionalism and tact while maintaining safety and privacy.
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April 1 Nozomi invested $30,000 cash and computer equipment worth $20,000 in the company in exchange for common stock.
2 The company rented furnished office space by paying $1,800 cash for the first month's (April) rent.
3 The company purchased $1,000 of office supplies for cash.
10 The company paid $2,400 cash for the premium on a 12-month insurance policy. Coverage begins on April 11.
14 The company paid $1,600 cash for two weeks' salaries earned by employees.
24 The company collected $8,000 cash for commissions revenue.
28 The company paid $1,600 cash for two weeks' salaries earned by employees.
29 The company paid $350 cash for minor repairs to the company's computer.
30 The company paid $750 cash for this month's telephone bill.
30 The company paid $1,500 cash in dividends.
Required:
Journalize the entries.
Answers
Answer:
Hybrid bikes
Explanation:
Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.40 per card, and the cost of printing is $0.10 per card. The company receives $3.75 per card sold. Since the cards have the current year printed on them, unsold cards have no salvage value. Their customers are from the four areas: Los Angeles, Santa Monica, Hollywood, and Pasadena. Based on past data, the number of customers from each of the four regions is normally distributed with mean 2,300 and standard deviation 200. (Assume these four are independent.)
What is the optimal production quantity for the card?
Answers
Answer:
≈ 9644 quantity of card
Explanation:
given data:
n = 4 regions/areas
mean demand = 2300
standard deviation = 200
cost of card (c) = $0.5
selling price (p) = $3.75
salvage value of card ( v ) = $ 0
The optimal production quantity for the card can be calculated using this formula below
= u + z (0.8667 ) * б
= 9200 + 1.110926 * 400
≈ 9644 quantity of card
First we have to find u
u = n * mean demand
= 4 * 2300 = 9200
next we find the value of Z
Z = ( \(\frac{p-c}{p-v}\) )
= ( 3.75 - 0.5 ) / 3.75 = 0.8667
Z( 0.8667 ) = 1.110926 ( using excel formula : NORMSINV (0.8667 )
next we find б
б = 200\(\sqrt{n}\) = 400
The most worthless money in the world?
Answers
But the most worthless thing in the world is love.
You love them and they snap you like a twig
Answer:
paraguayan guarani is the most worthless money in the world
The type of lifestyle consumers maintain,
relates to the ____________ segment of an
enterprise's total potential market.
a. psychographic
b. geographic
c. demographic
d. behaviouristic
Answers
The type of lifestyle consumers maintain relates to the A.psychographic segment of an enterprise's total potential market.
What is Psychographic segmentation?Psychographic segmentation is based on factors such as consumer attitudes, values, beliefs, and lifestyles. It divides consumers into different groups based on their personality traits, interests, hobbies, and behaviors. Psychographic segmentation is useful in identifying consumers with similar lifestyles, attitudes, and aspirations, which can help businesses to tailor their marketing messages and product offerings to meet the needs of those consumers.
In this case, the type of lifestyle that consumers maintain is a psychographic characteristic that can be used to identify and target specific groups of consumers who share similar values and interests. By understanding the psychographic segment of their total potential market, enterprises can develop marketing strategies that are more likely to resonate with their target consumers and drive sales.
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9. Give four reasons why Omondi satisfy hunger for food before going entertainment (4mks) 10. Highlight four differences between goods and services (4mks) Services
Answers
The reason why Omondi will satisfy hungler for food before going to Chaka Ranch for entertainment includes:
Basic wants are essential for survival. Resources are limited. Hunger pangs can be distracting/It can interfere with his enjoyment of the entertainment.Why does Omondi satisfy his hunger?By eating first, he can fully focus on and enjoy the entertainment without feeling uncomfortable or distracted by hunger. The entertainment venues also offer expensive and unhealthy food options, which may not be suitable for Omondi's dietary preferences or budget.
By eating, he can avoid spending money on unnecessary food or consuming food that does not align with his dietary choices. Also, some entertainment venues may not offer food at all.
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Opposing Claims Quick Check
What does it mean for a claim to be debatable?(1 point)
Question 1
A It can be proven true or false.
B It is based on facts that cannot be refuted.
C It can be supported with evidence.
D It is something people could have differing opinions about.
2
A Why is it important to address opposing arguments when writing an argument?(1 point)
B It shows why the opposing argument should not be considered by your readers.
C It strengthens your claim because you have a chance to explain why it is invalid.
D It shows that your opinion on the topic is the best opinion.
E It convinces people that you have done a lot of research on your topic.
3
A What does it mean to refute an opposing argument?(1 point)
B to show that you are an expert on the topic you are writing about
C to provide reasons why it is wrong
D to support the argument with facts and examples
E to explain your claim in detail
Use the sentence to answer the question.
Claim: Middle school students should be provided with an outdoor recess as part of the school day.
Which sentence includes an opposing claim?
(1 point)
There is not enough time in the school day for middle school students to be allowed a large amount of free time.
Most teenagers do not get enough exercise and should be given the opportunity to get exercise while at school.
Research shows that middle school students would prefer to spend time socializing with their friends outside of school hours.
Students who have time to relax in the middle of the day are more focused and perform better in their studies.
Answers
Answer:
1)D 2)C
Explanation:
(I took the test got a 100%)
1) what makes something debatable is when others have different opinions about it.
2)when you explain what they other persons claim is and then show how it wrong then it makes ur claim look like a better on to agree with
Answer:
i am from connexus i just took the quick check here are the correct answers
Explanation:
1. D. it is something people could have differing opinions about.
2. C. it strengthens your claim because you have a chance to explain why it is invalid
3. C. to provide reasons why it is wrong
4. There is not enough time in the school day for middle school students to be allowed a large amount of free time.
i hope this helps and please let me know if it does
Why is marketing not given a place of importance in the organizational hierarchy
Answers
Answer:
read explanation
Explanation:
It is true that in many organization marketing does not have a place of importance in the organizational hierarchy as spending on marking cuts on their profit making. These firms need no marketing strategies as they are on regional or street or local level. Theses are small business. The customer base of these firms is near by public. These firms don’t work to reach far away customers
Juan is a nursing student from Peru who first arrived in F-1 immigration status on September 1, 2019. He does not have a tax identification number and he did not work or receive a scholarship in 2020, but had $90 interest income from his U.S. savings account his parents set up for him to pay for school and his living expenses. Juan must file a Form 1040-NR and Form 8843 by April 15, 2021.
a. True
b. False
Answers
Answer:
True
Explanation:
Form 1040 NR is a document that is filed by U.S. residents. The taxable income is filled in the document to identify tax paynment or refund. Juan is student and he is dependent on the interest income that comes from the saving which is by their parents earnings. The interest income saves the tax and there will be refund on this income. Juan should file the 1040-NR document.
who is sus? pink or blue im playing among us
Answers
Answer:
pink smh
Explanation:
Answer:
Its blue i have photographic evidence
Explanation:
I usually do not experience sudden intuitive thoughts.
Disagree
Agree
Answers
Answer:
Disagree
Explanation:
If you are an HR Manager , which among these rating sources do you believe in the most crucial?
Answers
Answer:
behaviour
Explanation:
his\her behaviour to collegues matters more for good environment in business
Calculating Cost of Debt For the firm in the previous problem, suppose the book value of the debt issue is $35 million. In addition, the company has a second debt issue on the market, a zero coupon bond with 12 years left to maturity; the book value of this issue is $80 million and the bonds sell for 61 percent of par. What is the company’s total book value of debt? The total market value? What is your best estimate of the aftertax cost of debt now?
Answers
The best estimate of the aftertax cost of debt for the firm is 3.47% in the given case.
To calculate the total book value of debt, we sum the book values of both debt issues:
Total book value of debt = Book value of debt issue 1 + Book value of debt issue 2
Total book value of debt = $35 million + $80 million
Total book value of debt = $115 million
To calculate the market value of the zero coupon bond, we need to find 61% of the face value:
Market value of zero coupon bond = 0.61 x Face value of zero coupon bond
Market value of zero coupon bond = 0.61 x $80 million
Market value of zero coupon bond = $48.8 million
The total market value of debt is the sum of the market values of both debt issues:
Total market value of debt = Market value of debt issue 1 + Market value of debt issue 2
Total market value of debt = $35 million + $48.8 million
Total market value of debt = $83.8 million
To find the aftertax cost of debt, we need to first calculate the yield to maturity on the zero coupon bond. We know that the bond has 12 years left to maturity and sells for 61% of par, so we can use the following formula to find the yield to maturity:
61% of face value = $48.8 million
Par value = $100 million
Years to maturity = 12
Yield to maturity = ?
Solving for the yield to maturity using a financial calculator or spreadsheet, we get:
Yield to maturity = 4.83%
Next, we need to find the aftertax cost of debt for both debt issues separately and then weight them by their respective market values. We are given that the company's tax rate is 40%.
For the first debt issue, we are given that the coupon rate is 8% and that the bonds are currently selling at par, so the beforetax cost of debt is 8%. The aftertax cost of debt is:
Aftertax cost of debt issue 1 = Beforetax cost of debt issue 1 x (1 - Tax rate)
Aftertax cost of debt issue 1 = 8% x (1 - 40%)
Aftertax cost of debt issue 1 = 4.8%
For the zero coupon bond, we already calculated the yield to maturity, which is the beforetax cost of debt. The aftertax cost of debt is:
Aftertax cost of debt issue 2 = Beforetax cost of debt issue 2 x (1 - Tax rate)
Aftertax cost of debt issue 2 = 4.83% x (1 - 40%)
Aftertax cost of debt issue 2 = 2.90%
Finally, we can weight the aftertax costs of debt by their respective market values to get the overall aftertax cost of debt:
Overall aftertax cost of debt = (Market value of debt issue 1 / Total market value of debt) x Aftertax cost of debt issue 1 + (Market value of debt issue 2 / Total market value of debt) x Aftertax cost of debt issue 2
Plugging in the numbers, we get:
Overall aftertax cost of debt = ($35 million / $83.8 million) x 4.8% + ($48.8 million / $83.8 million) x 2.90%
Overall aftertax cost of debt = 3.47%
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Why is advertising Procter by the first Amendment?
Answers
Blackmun came to the conclusion that the First Amendment protects commercial speech, even communications like advertisements that only hint at a business transaction.
Does the First Amendment offer protection to advertising?Under the First Amendment, commercial speech is a form of protected expression, although it is not as protected as noncommercial speech, such as political speech, in terms of free speech. The Central Hudson test is a significant criterion that the Court adopted to decide whether or not commercial speech is protected.
Why does advertising enjoy First Amendment protection?In support of such claim, the Court cited political communications including political contributions and expenditures. Blackmun reached the judgment that the First Amendment safeguards commercial speech, even messages like advertising that only allude to a commercial transaction.
Why does journalism need the First Amendment?The reporter's privilege is based on the notion that media professionals have a limited First Amendment protection not to be required to divulge information or secret information sources in court. In order to create articles that deal with issues of genuine public interest, journalists rely on confidential sources.
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You are offered an investment that will pay you $250 in one year, $520 the next year, and $750 at the end of the third year. How much is this investment worth if the interest rate is 11%?
Answers
Answer: $1,196
Explanation:
Based on the information and the values that are provided in the question, the worth of the investment of the rate of interest is 11% will be calculated as:
=(250 / 1.11) + (520 / 1.11²) + (750 / 1.11³)
= 225.23 + 422.04 + 548.39
= $1,195.66
= $1196 approximately
The worth of the investment will be $1196.
What is a grant?(1 point) Responses
O a quantity of money, i.e., financial assistance, given by a government, organization, or person for a specific purpose
O an amount of money given to somebody by an organization to help pay for their education
O a form completed by current and prospective college students (undergraduate and graduate) in the United States to determine their eligibility for financial aid
O a thing that is borrowed, especially a sum of money that is expected to be paid back with interest
Answers
1. What is a grant?
a quantity of money, i.e., financial assistance, given by a government, organization, or person for a specific purpose
2. What is a scholarship?
an amount of money given to somebody by an organization to help pay for their education
3. What is the Free Application for Federal Student Aid?
a form completed by current and prospective college students (undergraduate and graduate) in the United States to determine their eligibility for financial aid
4. What is a student loan?
money that has to be repaid and incurs interest, designed to help students pay for postsecondary education and the associated fees, such as tuition, books and supplies, and living expenses
5. What is a grant?
money awarded to a student, often based on financial need, for a specific purpose (like tuition) by a government or an organization
Personal Finance- Financial Aid Process Quick Check4/21/2023
A grant is a quantity of money, i.e., financial assistance, given by a government, organization, or person for a specific purpose. Hence, the correct answer is A.
What are grants?Grants are non-repayable funds or products disbursed or gifted by one party (grant makers), often a government department, corporation, foundation, or trust, to a recipient, often (but not always) a nonprofit entity, educational institution, business, or an individual.
Grants are different from loans, as they do not have to be repaid with interest. Instead, grants are essentially "free money" that is awarded to individuals or organizations that meet specific criteria.
Therefore, a grant is a quantity of money, i.e., financial assistance, given by a government, organization, or person for a specific purpose. Hence, the correct answer is A.
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Explain right to be heard with examples
Answers
The right to be heard means that, depending on their age and maturity, children can be involved in decisions and issues that affect them.
What is the right to be heard?The right to be heard (including the participation of children) is a principle of child rights as defined in the United Nations Convention on the Rights of the Child. According to article 12 of the Convention, children have the right to express their views on all matters that affect them, and their views must be given due weight according to their age and maturity. This right applies equally to children's participation in social and political affairs, and to judicial and administrative proceedings. As a general principle, children's right to be heard should be addressed not only as vulnerable individuals with special protection needs, but also as informed decision makers, rights holders and active members of society. It reflects the child's notion of 'agency', The right to a hearing in article 12 is closely related to other articles of the Convention, which together form the so-called 'participation rights' of children and the recognition of children as citizens with rights holders. Emphasis on understanding.learn more about the right to be heard
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Critics of trade barriers argue that trade barriers __________. a.) reduce the domestic incentive for production efficiency b.) are politically too easy to remove when the economy recovers c.) help a domestic economy be more productive d.) are only good at full employment
Answers
Based on macroeconomic theory, Critics of trade barriers argue that trade barriers "reduce the domestic incentive for production efficiency."
What is Trade Barrier?Trade Barrier is a term used to describe the restrictions made by the national government on international trade.
Trade Barrier is known to have both advantages and disadvantages. However, one of the disadvantages of the Trade barrier is that it lowers the overall economic efficiency.
Hence, in this case, it is concluded that the correct answer is option A. "reduce the domestic incentive for production efficiency."
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Which 2 statements about Location tracking in QuickBooks Online are true?
The Location can be added to a Bill Payment
The Location can be filtered on the Receive payment screen
The Location can be filtered on the Pay bills screen
The Location can be selected on each row of an invoice
The Location can be selected on each row of a journal entry
Answers
The statements about Location tracking in QuickBooks Online are true are The Location can be selected on each row of a journal entry and The Location can be filtered on the Pay bills screen. Thus, option 2nd and 5th are correct.
What can the location tracking feature do?There are a few examples of how location sharing applications and features benefit our daily lives: Assist you in tracking down and recovering lost or stolen smart gadgets. When you phone 911, you are giving emergency responders your location. Allow you to avoid traffic.
The assertions concerning QuickBooks Online's location tracking are correct. On each row of a journal entry, the Location may be selected, and the Location can be filtered on the Pay bills screen. As a result, options 2nd and 5th are accurate.
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1. Assume you are given the following information about an economy
Combinations Capital goods (‘000) Consumer goods (‘000)
A 60 0
B 50 1
C 30 2
D 0 3
a) Draw the PPF. (capital goods on the Y axis and Consumer goods on the X axis).
b) Explain why the PPF is concave
c) Suppose the economy moves from point B to point C, what is the opportunity cost of doing so?
2. Given the demand for housing, describe the effect of each of the following in terms of whether it would increase or decrease the quantity demanded or the demand for housing. Indicate whether the effect of each of the following is an upward or downward movement along a given demand curve or involves an outward or inward shift in the relevant demand curve for housing. Explain your answers.
a) An increase in housing prices
b) A fall in interest rates
c) A rise in interest rates
d) A severe economic recession
e) A robust economic expansion
3. Describe THREE factors which could cause an upward shift in the supply curve for a product.
4. The demand for Good X is 300 units when its price is £4. Assume that as a result of a price fall, the demand for the good increases to 400 units and the sales revenue falls by £400.
a) Calculate the price of Good X after the fall.
b) Calculate the price elasticity of demand with respect to the fall in its price.
c) State whether elasticity will change with a downward movement along a linear demand curve.
d) Assume that the cross-price elasticity of demand for Good Y which is a complement to Good X is −1.5.
e) Calculate the proportionate change in the demand for Good Y as a result of the fall in price of Good X.
Answers
Answer:
1a) The PPF for this economy would be a concave curve, as can be seen in the graph below. The PPF shows the maximum combinations of capital and consumer goods that can be produced in the economy. 1b) The PPF is concave because of the law of increasing opportunity cost. As more of one good is produced, the opportunity cost of producing the other good increases. 1c) The opportunity cost of moving from point B to point C is the loss of 1 unit of capital goods. 2a) An increase in housing prices would cause an upward shift in the demand curve for housing, as consumers would be willing to pay more for housing. 2b) A fall in interest rates would cause an outward shift in the demand curve for housing, as it would become cheaper to borrow money for housing. 2c) A rise in interest rates would cause an inward shift in the demand curve for housing, as it would become more expensive to borrow money for housing. 2d) A severe economic recession would cause an inward shift in the demand curve for housing, as people would have less money to spend on housing. 2e) A robust
Explanation:
which statement(s) below is(are) correct regarding the purpose of taking a physical inventory count? (check all that apply.)
Answers
The physical count is used to determine if there has been any theft, loss, damage, or errors in inventory is correct regarding the purpose of taking a physical inventory count. thus, option d is correct.
To ascertain whether there has been any inventory theft, loss, damage, or errors, the physical count is performed to compare the Inventory account balance to the actual inventory available.
A physical inventory count is manually mattering all of the inventory you maintain on hand, from the sales floor to the back store, comparing it to the inventory levels recorded in your POS system, and resolving any differences.
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The correct question is-
Which statement(s) below is(are) correct regarding the purpose of taking a physical inventory count? (Check all that apply.)
a. The physical count is used to determine if management needs to reassign sales responsibilities.
b. The physical count is used to determine if customers are paying within the discount period.
c. The physical count is used to adjust the Inventory account balance to the actual inventory available.
d. The physical count is used to determine if there has been any theft, loss, damage, or errors in inventory.
The craft wholesaler, Living Arts, offers a 15 percent discount on all Christmas
decorations bought before August 1. If a local crafts shop placed an order on July
11 for $3,300 worth of decorations, what would the discount and final price be?
Answers
Answer:
Discount amount: $495
The final price: $2,805
Explanation:
The local crafts shop made their order before august 1, hence qualifies for the 15% discount.
The discount amount will be 15% of $3,300
=15/100 x $3,300
=0.15 x $3,300
=$495
The final price will be
cost price - discount amount
=$3,300 - $495
=$2,805
Question 4
Write a short essay about Controlling Inventory".
Answers
Explanation:
The necessity of inventory control is to maintain a reserve (store) of goods that will ensure manufacturing according to the production plan based on sales requirements and the lowest possible ultimate cost.
Losses from improper inventory control include purchases in excess than what needed, the cost of slowed up production resulting from material not being available when wanted. Each time a machine is shut down for lack of materials or each time sale is postponed or cancelled for lack of finished goods. Thus a factory loses money.
To promote smooth factory operation and to prevent piling up of stock or idle machine time proper quantity of material must be on hand when it is wanted. Proper inventory control can reduce such losses to a great extent.
How many guests may a temporary member bring to a private club?
Answers
three guests
Explanation:
A temporary member may enjoy the club's services and privileges for a period of not more than three days per invitation. A temporary member may bring not more than three guests to the club and must remain in their presence while they are at the club.
A temporary member of a private club can invite maximum upto 3 members.
What is a Private club?
A private club is a place where people of similar interest meet, spend time, hang out, do some activities. The word "Private" is used to indicate that not everyone can go to the club, only the persons who have joined the club can go there.
What the the criteria to be allowed?The manager or the in-charge may allow only after when he check that the visitor have the valid ID proof and valid temporary membership card. They shall also pay the fee, if any applicable by the pre-decided rules of the club members.
What are temporary members?Temporary members are those who have not joined the group completely instead they have have issued a temporary card and participate in some of the activities for the time being.
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researching investments online can be valuable because
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Answer:
Researching investments online can be valuable because: If the information is trustworthy it can provide a recent status of the investment. Also, online research tools provide the ability to find a great number of diverse investments
Explanation:
Answer:
d) You can track stock value trends over time
Explanation:
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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ACCOUNTING:-
How do we find out the Balance B/D in the credit section?
Answers
In accounting, the term "Balance B/D" typically refers to the Balance Brought Down, which represents the balance carried forward from the previous accounting period.
To find out the Balance B/D in the credit section, you would need to consider the following:
Obtain the financial statements: Retrieve the previous period's financial statements, including the balance sheet and the income statement.
Locate the previous period's credit balance: Look for the credit balance in the relevant accounts on the balance sheet. These accounts could include liabilities, equity accounts, or contra-asset accounts.
Analyze changes: Review any changes that occurred during the previous period in the accounts with credit balances. Determine whether there were any increases or decreases in these accounts due to transactions or adjustments.
Calculate the net change: Calculate the net change in the accounts with credit balances by subtracting any decreases from the increases. This will give you the overall change in the credit balances of these accounts.
Determine the Balance B/D: Add the net change to the previous period's balance. If the previous period's credit balance was zero, then the net change itself will be the Balance B/D in the credit section. However, if there was an existing credit balance, you would need to add the net change to that balance to find the Balance B/D in the credit section.
By following these steps, you can identify the Balance B/D in the credit section, which represents the credit balance carried forward from the previous accounting period.
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