Nutritional Supplemental Assistance Program (SNAP)
SNAP offers nutrition benefits to supplement low-income families' food budgets so they may buy nutritious food and progress toward self-sufficiency.
Which federally funded initiative supports low-income families' and individuals' food purchases?The most significant anti-hunger program in the country is SNAP, formerly known as the Food Stamp Program. Over 41 million low-income Americans with SNAP assistance were able to purchase a nutritious food on a monthly average in 2021.
What in food does the USDA stand for?US Department of Agriculture, or USDA.
Federal nutrition programs: what are they?Through the management of 15 federal nutrition assistance programs, such as WIC, Supplemental Nutrition Assistance Program, and school meals, FNS seeks to reduce hunger and obesity. Our initiatives reach one in four Americans each year in collaboration with state and tribal governments.
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On December 1, 2021, Carlos entered into a lease on a building for use in his business for $1,000 per month. Under the lease terms, Carlos pays 18 months’ rent ($18,000) in advance on December 1. How much can Carlos deduct for rent in 2021?
a. $12,000
b. $18,000
c. $1,000
d. $13,000
The amount that Carlos can deduct for rent in the year 2021, based on his annual rent is c.$1,000.
Rent in 2021When recording rent, you can only record it for the period that the financial statement is for.
The rent given is for 18 months from December 2021 which means that it will be for only a single month in December.
The rent will therefore be a rental amount for a month:
= Rental amount / Number of months
= $18,000 / 18
= $1,000
In conclusion, option C is correct.
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Describe the goal of a good financial manager according to you?
Answer:
Financial managers are responsible for the financial health of an organization. They produce financial reports, direct investment activities, and develop strategies and plans for the long-term financial goals of their organization. Financial managers typically: ... Help management make financial decisions.
answers for question 11!!!!
Answer:
C!!
Explanation:
Two Major Types of Markets • Consumer Market -- All the individuals or households that want goods and services for personal use and have the resources to buy them. Business-to-Business (B2B) -- Individuals and organizations that buy goods and services to use in production or to sell, rent, or supply to others.
The enacted tax rates are 21% for 20X1 and 20X2; and 25% for subsequent years. If no other temporary differences occurred subsequent to 20X1, the deferred liability at the beginning of 20X3 is
The liability is deferred because the company expects to pay taxes at a lower rate in the future.
The enacted tax rates of 21% for 20X1 and 20X2, and 25% for subsequent years, imply that the tax laws have changed, and the company must adjust its tax liabilities accordingly. A deferred tax liability arises when a company reports taxable income on its income statement but has not yet paid the related tax liability.
Assuming no other temporary differences occurred subsequent to 20X1, the deferred liability at the beginning of 20X3 can be calculated as follows:
Calculate the taxable income for 20X1 and 20X2 using the enacted tax rate of 21%. This will result in the current tax liability for each year.
Calculate the taxable income for each year using the enacted tax rate of 25%. This will result in the estimated tax liability for each year.
The difference between the current and estimated tax liabilities for each year represents the deferred tax liability.
Add up the deferred tax liabilities for 20X1 and 20X2 to get the total deferred tax liability at the end of 20X2.
This total deferred tax liability will be carried forward as the beginning balance for the deferred tax liability at the beginning of 20X3.
In summary, the deferred liability at the beginning of 20X3 can be determined by calculating the deferred tax liabilities for 20X1 and 20X2 using the enacted tax rates for those years, and carrying forward the total as the beginning balance for 20X3.
It is important for companies to monitor changes in tax laws and adjust their deferred tax liabilities accordingly to avoid any unexpected tax liabilities in the future.
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The invisible hand principle indicates that competitive markets can help promote the efficient use of resources true or false?.
The Invisible Hand Principle suggests that competitive markets can help facilitate the efficient use of resources even when each market player cares only about their self-interest rather than about the overall efficiency of resource usage. True
What is the principle of the invisible hand?The invisible hand is characteristic of laissez-faire, representing the "let do/let go," approach to the market. In other words, the approach maintains that the market will find stability without government or other interventions pushing it into unnatural patterns. The invisible hand upgrades individual self-interest and competition.
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What is the equation for the second period observation in a MA(1) process, if = μ = 50, 0 = 0.6, and ₁ 5?
More information is needed.
Y₂ = 53 + €2
Y₂ Y2 = 47+ €2
Y₂ = 50+ €2
The correct equation for the second period observation in this MA(1) process is: Y₂ = 53 + ε₂.
The equation for the second period observation in a MA(1) process is given by:
Y₂ = μ + θ₁ε₁ + ε₂
In the provided information, we have:
μ = 50 (mean)
θ₁ = 0.6 (coefficient of lagged error term)
ε₁ = 5 (value of the error term at the first period)
To determine the equation for the second period observation, we substitute these values into the MA(1) equation:
Y₂ = 50 + 0.6 * 5 + ε₂
Y₂ = 50 + 3 + ε₂
Y₂ = 53 + ε₂
Therefore, the correct equation for the second period observation in this MA(1) process is:
Y₂ = 53 + ε₂.
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Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called Group of answer choices auditing. economics. finance. accounting.
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called accounting.
Accounting is a fundamental process in business and financial management. It involves systematically recording financial transactions, classifying them into appropriate categories, and summarizing the information to create financial statements such as the income statement, balance sheet, and cash flow statement. These financial statements provide a snapshot of a company's financial performance, position, and cash flows, enabling decision-makers to analyze and make informed decisions about the organization's operations, investments, and financial strategies.
While auditing, economics, and finance are related disciplines, each has its own distinct focus. Auditing involves examining and evaluating financial records and statements to ensure accuracy, compliance, and reliability. Economics studies the production, distribution, and consumption of goods and services within an economy. Finance, on the other hand, focuses on managing financial resources, investments, and the financial aspects of decision making. However, accounting serves as the foundation for providing the necessary financial information in these areas.
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miami is realizing a boom in an area of low priced housing with beautiful palm trees. the location is reasonably close to public transportation and within a short ride of downtown office buildings . many buyers are buying up these old, low priced homes and bulldozing them down. they are then building new $500,000 homes on the sites. this is an indication of what principle of value?
Miami is realizing a boom in an area of low priced housing with beautiful palm trees. the location is reasonably close to public transportation and within a short ride of downtown office buildings . many buyers are buying up these old, low priced homes and bulldozing them down. they are then building new $500,000 homes on the sites. this is an indication of contribution principle of value.
What is meant by the principle of value?Values are characteristics or standards that direct a person's behavior, while principles are the precepts or convictions that direct our activities. Principles are founded on a person's values, which is the primary distinction between values and principles. As a result, values serve as the basis for principles.
Employees can discern between what is considered significant and how it should be pursued thanks to values and principles. They assist in defining corporate activities to make sure it adheres to its mission and social contract.
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Debit cards
Pros:
Cons:
Answer:
Pros: their easy to obtain, gets rid of the need to carry cacash to buy things, you can place limits on your spending so you dont overspend, no fee to use, can be used to withdraw cast at ATM's
Cons: some companies systems accept prepaid debit cards, you risk losing money on debit card, easy to gain to your money if card is stolen and PIN is known.
Explanation:
its up to you :)
How does Hurricane Katrina illustrate the problem with insurance?
Answer:How does Hurricane Katrina illustrate the problem with insurance? It illustrates the problem with insurance because it was a wide spread disaster for many people. ... It's not like insurance companies have an unlimited supply of money so they often declined a lot of people's claims. This was often very discriminating too
Explanation:mark brainliest ineed 2 more
110 PART 2 PORTER'S APPROACH TO INDUSTRY ANALYSIS Michael Porter, an authority on competitive strategy, contends that corporation is mes con cemed with the intensity of competition within its incestry
Michael Porter's approach to industry analysis is based on his ive Forces Fmodel. This model is used to determine the intensity of competition within an industry and to identify the key factors that influence a corporation's ability to compete in the market.
The five forces include:
1. Threat of new entrants: This refers to the ease with which new competitors can enter the market. If there are low barriers to entry, the threat of new entrants is high, and competition within the industry is likely to be intense.
2. Bargaining power of suppliers: This refers to the ability of suppliers to influence the prices of the goods and services they provide. If suppliers have a high degree of bargaining power, they can exert more control over the prices of their products, which can impact the profitability of the corporations within the industry.
3. Bargaining power of buyers: This refers to the ability of buyers to influence the prices of the goods and services they purchase. If buyers have a high degree of bargaining power, they can exert more control over the prices of the products they buy, which can impact the profitability of the corporations within the industry.
4. Threat of substitute products: This refers to the availability of products or services that can be used in place of those offered by the corporations within the industry. If there are many substitute products available, the threat of substitution is high, and competition within the industry is likely to be intense.
5. Rivalry among existing competitors: This refers to the level of competition among the corporations within the industry. If there is a high degree of rivalry, competition within the industry is likely to be intense.
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A firm's ________ describes how a firm will produce a superior return on invested capital. Question 9 options: A) market strategy B) competitive advantage C) value proposition D) revenue model
Answer:
D) revenue model
Explanation:
In business and finance, the revenue model refers to the way how a company plans to make profits, and the higher the profits, the better.
The revenue model of a company must include:
how the business will communicative and establish its value with its customers. Customers assign a value to the products and services that a business offers, and they will continue to purchase them as long as the value they perceive is larger than the price. how are company plans to price the value our customers assign to our products and services. If the customer value is higher than our price, customer surplus will result, but we will also be losing the opportunity to make money. Ideally, the price should equal the customer value.A marketing assistant for a technology firm plans to randomly select 1000 customers to estimate the pro- portion who are satisfied with the firm's performance. Based on the results of the survey, the assistant will construct a 95% confidence interval for the propor- tion of all customers who are satisfied. The market- ing manager, however, says that the firm can afford to survey only 250 customers. How will this decrease in sample size affect the margin of error? (a) The margin of error will be about 4 times larger. (b) The margin of error will be about 2 times larger. (c) The margin of error will be about the same size. (d) The margin of error will be about half as large. (e) The margin of error will be about one-fourth as large. T8.8 Thirty-five people from a random sample of 125 work- ers from Company A admitted to using sick leave when they weren't really ill. Seventeen employees
The decrease in sample size affect the margin of error and it will make the margin of error will be about the same size
When a sample is taken, it's not possible to get an exact representation of the population, but the margin of error gives us an idea of how close the sample estimate is to the true population value.
In this case, the marketing assistant is trying to estimate the proportion of customers who are satisfied with the firm's performance. To do this, they plan to randomly select 1000 customers and construct a 95% confidence interval for the proportion of all customers who are satisfied.
The formula for calculating the margin of error for a sample proportion is given by:
Margin of Error = z * √(p * (1 - p) / n)
where z is the z-score for a given confidence level, p is the sample proportion, and n is the sample size.
In this case, if the sample size decreases from 1000 to 250, the margin of error will be about 4 times larger. This is because the sample size is a crucial factor in determining the margin of error.
In mathematical terms, if we plug in the sample size of 1000 and the sample size of 250 into the formula, we can see that the margin of error is much larger when the sample size is 250.
Therefore, the correct option is (c).
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Due to the presence of unanticipated inflation, use the
relationship between inflation,
nominal and real income and interest rate to highlight the winners
and losers in the labour
and financial market
Due to the presence of unanticipated inflation, the relationship between inflation, nominal and real income, and interest rates can highlight the winners and losers in the labor and financial markets. Inflation causes the overall price level to rise, which reduces the purchasing power of money.
This impacts real income, which is the income adjusted for inflation, and nominal income, which is the income not adjusted for inflation.
Winners in the labor market are typically those who can negotiate higher nominal wages that outpace inflation, leading to an increase in their real income. Losers in the labor market are those who cannot secure higher nominal wages, resulting in a decrease in their real income due to inflation eroding their purchasing power.
In the financial market, borrowers who have fixed-interest rate loans can be winners during unanticipated inflation, as the real interest rate (nominal interest rate minus inflation rate) decreases. This effectively reduces their borrowing costs.
On the other hand, lenders and investors with fixed interest rate assets, like bonds, become losers as their real interest rate decreases, lowering their returns.
In summary, unanticipated inflation can create winners and losers in the labor and financial markets. Those who can secure higher nominal wages or have fixed interest rate loans may benefit, while those who cannot increase their wages or have fixed interest rate assets may suffer.
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Meadow Breeze Golf Course is offering a new membership special. The membership special provides an unlimited access to golf for $875, and also provides a coupon for 20% off a golf cart annual membership. Meadow Breeze normally sells a golf membership for $960 and a cart membership for $400. Meadow Breeze expects 50% of of the cart membership coupons to be redeemed. \begin{tabular}{|c|l|} \hline REQUIRED: \\ \hline 1 & Identify whether each item is a separate performance obligation \\ \hline 2 & For each separate performance obligation you indicated, allocate \\ \hline & a portion of the special membership price. \\ \hline 3 & Prepare the journal entry to recognize a new membership sale. (Assume \\ \hline & payment is in cash). \\ \hline \end{tabular} Assume Meadow Breeze also offers a coupon package of 20 golf rounds for $500. Golf cart rental when using these 20 round coupons is $20 per golf round. Normal fees for a round of golf are $30 per golf round and $20 for a golf cart rental. REQUIRED: \begin{tabular}{l|l|} \hline 4 & Identify whether each item is a separate performance obligation \\ \hline 5 & For each separate performance obligation you indicated, allocate \\ \hline 6 & a portion of the coupon package price. \\ \hline Prepare the journal entry to recognize a coupon package sale. (Assume \\ \hline & payment is in cash). \end{tabular}
The information you provided describes the separate performance obligations and allocation for two different offerings: the Meadow Breeze Golf Course's new membership special and the coupon package. Here is the breakdown of the separate performance obligations and the journal entries for each:
1. Meadow Breeze Golf Course's New Membership Special:
a. Separate Performance Obligations:
i. Unlimited access to golf for $875
ii. A coupon for 20% off a golf cart annual membership
b. Allocation for Each Separate Performance Obligation:
i. Unlimited access to golf: $480 ($960/2) - This is calculated as they offer a 50% discount.
ii. Coupon for 20% off a golf cart annual membership: $35 ($175 * 20%) - This is calculated as a 20% discount applied to a cart membership costing $400, which results in $80.
c. Journal Entry for New Membership Sale:
Debit Cash: $910
Credit Unearned Revenue: $910 [$875 + ($175 * 20%)]
2. Meadow Breeze Golf Course's Coupon Package:
a. Separate Performance Obligations:
i. 20 golf rounds for $500
ii. Golf cart rental when using these 20 round coupons is $20 per golf round
b. Allocation for Each Separate Performance Obligation:
i. 20 golf rounds: $417 ($500/1.2) - This is calculated as a discount of 20% is available.
ii. Golf cart rental: $83 ($20 * 20% * 20) - This is calculated as 20 golf rounds are included in the coupon package.
c. Journal Entry to Recognize Coupon Package Sale:
Debit Cash: $500
Credit Unearned Revenue: $500
Please note that the figures provided assume the calculations and discounts mentioned in the given information.
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1) Inflation represents the rate of increase of the average price of goods. If inflation decreases from 10% to 5%, does the average price of goods decrease? Explain.
No, the average price of goods does not decrease when inflation decreases from 10% to 5%.
Inflation represents the rate of increase in the average price of goods and services over time. When inflation decreases, it means that the rate of price increase has slowed down, but it does not imply a decrease in the average price itself. Even with a lower inflation rate, prices can still continue to rise, albeit at a slower pace.
The percentage of inflation indicates the extent of price increase compared to the previous period. If the inflation rate decreases from 10% to 5%, it means that prices are still increasing but at a slower rate. For example, if an item was priced at $100 at the beginning of the year, with a 10% inflation rate, its price would increase to $110. However, with a 5% inflation rate, the price would increase to $105. While the rate of increase has decreased, the average price of goods has not decreased.
Therefore, it is important to differentiate between a decrease in the inflation rate (a decrease in the rate of price increase) and an actual decrease in the average price of goods, which would indicate deflation.
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Which development would most reflect Karl Marx's belief in the economic
system that he predicted would replace free markets?
A. Companies begin selling more products overseas.
B. Governments eliminate taxes on corporate profits.
OC. Private businesses lose control over factories.
O D. Workers are forced to accept low wages for their labor.
The loss of factory control by private firms is the process that most closely reflects Karl Marx's belief about the economic system that will eventually replace free markets.
Option C will be the representation of the economic system that Karl Marx believed in.
Karl Marx economic theoryTo explain relative inequalities in market prices, Karl Marx believed in the labor theory of value. The value of a manufactured economic good can be determined objectively by the average direct labor hours required to make it, according to this theory.
Karl Marx on PrivatizationAccording to Marx, the entire goal of primitive accumulation is to monopolize the means of production so that exploiting owners can profit from the surplus labor of people who, due to a lack of other options, are forced to work for them.
Therefore, option C is the correct answer.
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Answer: A is the correct answer
Explanation:
1. Analyse the benefits and challenges of establishing a company versus other forms of ownership
Explanation:
Some of the various forms of business ownership include:
partnershipsole proprietorshiplimited liability companyThe benefits of establishing a company (limited liability company):
owners asset are separated from any liability the company incurs > in sole proprietorship the owners personal asset can incur liability. excluded from federal income taxe.The challenges:
requires high setup cost > this is not the case with sole proprietorship.raising capital for operations is diffficultthe magnitude of operating leverage for perkins corporation is 4.5 when sales are $100,000. if sales increase to $110,000, profits would be expected to increase by what percent? a. 4.5% b.14.5% c.45% d.10%
It would be anticipated that the profit would rise by 45%. The appropriate response to the given question is option (c).
What is Operating Leverage?The percentage of a company's cost structure that is made up of fixed expenses as opposed to variable costs is measured by operating leverage. A corporation is said to have more operating leverage if its fixed expenses are higher than its variable costs.
Magnitude of operating leverage= 4.5
Old sales= $100000
New sales= $110000
Percentage increase in sales:
(New-old)/old = (110,000-100,000)/100,000
= 10%
Consequently, a percentage rise in profit might be anticipated:
sales percentage growth times the degree of operational leverage
= 10% * 4.5
= 45%
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A stock is expected to pay an annual dividend of $4.71 per share
in one year. The dividends are expected to grow at a rate of 3% per
year forever. The required rate of return for this stock is 15%
The value of the given stock basically equals to 39.25 dollars.
To calculate the value of the given stock, we can use the Gordon Growth Model. The formula for the Gordon Growth Model is,
Stock Value = Dividend / (Required Rate of Return - Dividend Growth Rate)
Annual dividend expected in one year = $4.71
Dividend growth rate = 3% = 0.03
Required rate of return = 15% = 0.15
Using the values into the formula:
Stock Value = $4.71 / (0.15 - 0.03)
Calculating this,
Stock Value = $4.71 / 0.12
Stock Value = $39.25
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All of the following allow for a monopoly to exist EXCEPT ______________.
a. geography
b. competition
c. a patent
d. government mandate
Economics
Answer:
d. government mandate economics
Explanation:
during the industrial era the government stepped in to stop wealthy monopoly companies from corruption of the government
The correct option is (d) Government mandate economics.
What does government mandate economics mean?The group of people responsible for governing the country is called the government. If some government has a mandate for carrying out any policy or task, then they somewhat get the authority to win the election or vote. Hence (d) is correct out of all options.
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A company holds a portfolio of CCC-rated 1-year bonds with market value of $800,000. In assessing credit risk of the portfolio, the company estimates that average probability of default is 20% and recovery rate in case of default is 22%. Required:
1) What is dollar amount of expected Loss Given Default in one year?
2) If risk free rate is 3.5%, what is required yield to compensate for holding this portfolio?
3) The company has another loan with increased default risk and decides to recognize loan loss provision based on present value of unexpected credit losses. Do you agree? Briefly explain.
Question 4 (16 marks)
A UK company expects to receive Euro 800,000 in three months. The current spot exchange rate is GBP 1 = Euro 1.250, and the three-month forward exchange rate is GBP 1 = Euro 1.239. Annual interest rates for 3-month deposit and borrowing in GBP are 5.0% and 7.5%, respectively. Annual interest rates for 3-month deposit and borrowing in Euro are 1.0% and 3.0%, respectively. Required:
1) Design a money market hedge for the UK company. Determine the synthetic forward exchange rate.
2) If the company use a currency forward to hedge the foreign currency risk, should the company buy or sell the forward on Euro? What are the cash flows from the forward contract if it is deliverable?
Question 5 (20 marks) A company has an equity stock portfolio with current market value of $2,000,000. The portfolio consists of 75% investment in the Stock AAA and 25% investment in the Stock BBB. The company is estimating potential future losses of its portfolio if stock market fluctuates significantly. The company adopts analytical Value-at Risk (VaR) method to assess its exposure to equity market risk. For the Stock AAA, expected monthly returns is 5% and standard deviation of monthly returns is 8%. For the Stock BBB, expected monthly returns is 3% and standard deviation of monthly returns is 6%. The correlation of monthly returns between the Stock AAA and the Stock BBB is 0.60. Required:
1) Determine the absolute monthly VaR at the 95% confidence level.
2) Determine the relative quarterly VaR at the 99% confidence level.
Question 6 (20 marks) A company is considering an investment in the Stock ZZZ currently trading at $42.0. The price of the Stock ZZZ is expected to be highly volatile in the subsequent months. Therefore, the company buys one call option and one put option on the stock. Both options expire in 3 months and have the same exercise price of $37.5. The call option premium is $6.0 and the put option premium is $1.5. Required:
1) What is the term commonly used for this option strategy?
2) For each of the following two independent scenarios, compute the value of the option position at expiration and the profit of the strategy.
a) The stock price at expiration is $43.5. b) The stock price at expiration is $22.5.
3) Compute the breakeven stock prices at expiration.
Who your consumer is undoubtedly the most crucial of all the questions. Are you pursuing the entire globe and aiming for the masses, or is your audience more specialized? It will be simpler to create a value proposition for that audience if you can be as clear as possible when describing who they are.
Think about choices like global, national, or local
English or regional tongues
men, women, and kids
Customers or companies
the young, the elderly, and women with young children. Traditionalists, hipsters, and environmentalists
There are various methods to segment your client base, and you may provide your solutions to different consumer groups, but bear in mind that if you are aiming for different segments, you probably also need different value propositions.
How will you communicate with your audience? Do you use a hybrid business approach, sell online alone, or both? Are all of your items available through the same channels, or are some things exclusively available online or in certain local stores? Are other people reselling your goods, and if so, what prerequisites must be met by them? Can they offer rival items in their store as well? It's crucial to carefully consider your channel strategy and to bear in mind that it might have a big influence on your costing model.
Rent will be expensive if there are physical stores. You must find a place to keep your purchases if you use an online retailer. Digital items only need a small amount of space, but security is now something you really need to think about.
The goal of the midfield is to make sure that the offence and defence are collaborating well; it serves as the link between the two. The offence brings in money and determines how you spend it. Revenue streams describe how you are bringing in the funds that will power your business. Are you generating recurring income using subscription services instead of selling things using a transaction-based business model?
There are several methods to make money, and it is up to you to determine which model works best for your company.
Freemium: free at first, followed by a fee for services.
Pay per use means paying for each time a product is used.
Recurring income model for subscription services
All-you-can-eat pricing models. Etc.
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The following information was drawn from the accounts of Standing Corporation which uses the periodic inventory system for the current year. In the space below, prepare a Schedule of Cost of Goods Sold in good form (3 points)
Advertising Expense $250
Beginning Inventory 50
Ending Inventory 70
Purchases 600
Purchase Returns & Allowances 70
Salaries Expense 265
Sales Revenue 2,800
Sales Returns & Allowances 275
Transportation In 25
Transportation Out 45
Net Purchases: $555,
Cost of Goods Available for Sale: $605,
Cost of Goods Sold: $535.
To prepare a Schedule of Cost of Goods Sold, we need to consider the beginning inventory, purchases, and any adjustments. Here's how you can calculate it step by step:
1. Calculate Net Purchases:
- Add the Purchases amount ($600) with Transportation In ($25): $600 + $25 = $625.
- Subtract the Purchase Returns & Allowances ($70) from the total: $625 - $70 = $555. This gives us the Net Purchases amount.
2. Calculate the Cost of Goods Available for Sale:
- Add the Beginning Inventory ($50) with the Net Purchases amount: $50 + $555 = $605.
3. Calculate the Cost of Goods Sold:
- Subtract the Ending Inventory ($70) from the Cost of Goods Available for Sale: $605 - $70 = $535. This gives us the Cost of Goods Sold.
Therefore, the Cost of Goods Sold for Standing Corporation is $535.
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Assume Global Cleaning Service had a net income of $570 for the year, Global Cleaning Service's beginning and ending total assets were $4,520 and $4,180, respectively. Calculate Global Cleaning Service's return on assets (ROA).
Global Cleaning Service's return on assets (ROA) is 13.1%, which indicates that the company generated $0.131 in net income for every dollar of total assets during the year.
What's ROAROA is a financial ratio that indicates the profitability of a company in relation to its total assets. It is calculated by dividing the net income by the average total assets.
In this case, Global Cleaning Service had a net income of $570 for the year. The beginning total assets were $4,520, and the ending total assets were $4,180.
To calculate the average total assets, we can add the beginning and ending total assets and divide by 2:
Average Total Assets = (Beginning Total Assets + Ending Total Assets) / 2
Average Total Assets = ($4,520 + $4,180) / 2
Average Total Assets = $4,350
Now, we can calculate the ROA:
ROA = Net Income / Average Total Assets
ROA = $570 / $4,350
ROA = 0.131 or 13.1%
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Morning light does not enter the swamp. Even the sunrise is dark. Still, time progresses, night into day
A picture of bayou country is deceiving Slow streams converge under mud to make the appearance of land that is actually water. One net of moss hangs from one hundred trees. Lightning strikes the
same stump many times.
People pass the swamp's fringes in trains, on tracks that cling to the last solid ground. Out of their windows are landscapes that take the earth's colors to every periphery, Bright orange sunsets
surround people like sky on an airplane. On gray foggy mornings they ride through a dream that has no beginning or end. But time has its limits, these people know. They are expected places--Memphis
by midnight, New Orleans by dawn
Deep in the swamp, animals keep the only appointments Birds gather at high places in trees. Raccoons make their last noisy passes for food across someone's back porch before he awakes. Fish all
around splash up, although they cannot see the morning coming to clean the picture of day like clothes bleaching in a galvanized tub from dark gray to light gray
Joan looked out from the porch to the swamp she had known all her life. Ahead of her in the veiled light were the outlines of many trees. Below and around her were the crisp sounds of nature
awakening Cupped in both hands, perched on her knees was a warm mug of coffee.
Which of the following can the reader infer from the passage above?
O Travelers sleep throughout the journey.
O The ride is for airplane passengers to see the sky.
O Travelers lose their sense of the outside world.
Answer:
Travelers lose their sense of the outside world.
Explanation:
Study Island
The demand for bread in Ahoma City ranges from 100 to 120 tons per day, every day of the year. The demand is easily satisfied on a daily basis. This demand for bread can be categorized as _____.
Considering the situation described above, this demand for bread can be categorized as a "static demand."
This is because a static demand is a type of demand that is not flexible at any given point.
Also, demand is said to be static when the change in quantity demand of a commodity is relative to a change in the unit price of a commodity.
Thus, in this case, when the demand for bread in Ahoma City ranges from 100 to 120 tons per day, every day of the year, this is an example of a Static demand because it is stable throughout the year.
Hence, in this case, it is concluded that the correct answer is "Static Demand."
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Union Company acquired machinery on January 2, 20X1, for $315,000. The machinery’s estimated useful life is 10 years, and the estimated residual value is $15,000. Union estimates that the machine will produce 15,000 units of product and that 20,000 direct labor hours will be utilized over the useful life of the machine. During 20X1, Union produced 1,200 units of product and used 2,100 direct labor hours. Required: Calculate depreciation expense for 20X1 under each of the following methods: Straight-line method. Production method (units of output). Use method (units of input—direct labor hours). Sum-of-the-years’ digits method. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.) Double-declining balance method.
Depreciation for 20X1 using straight line method is $3,150, using production method is $24,000, using use method is $31,500, using Sum-of-the-years’ digits method is $4,909. using Double-declining balance method is $63,000.
Straight-line method
Depreciation per year = (Cost - Residual Value) / Useful life
Depreciation per year = ($315,000 - $15,000) / 10 = $30,000
Depreciation for 20X1 = Depreciation per year × (Actual direct labor hours / Total estimated direct labor hours)
Depreciation for 20X1 = $30,000 × (2,100 / 20,000) = $3,150
Production method (units of output)
Depreciation per unit = (Cost - Residual Value) / Estimated total units of output
Depreciation per unit = ($315,000 - $15,000) / 15,000 = $20
Depreciation for 20X1 = Depreciation per unit × Actual units produced
Depreciation for 20X1 = $20 × 1,200 = $24,000
Use method (units of input—direct labor hours)
Depreciation per hour = (Cost - Residual Value) / Estimated total direct labor hours
Depreciation per hour = ($315,000 - $15,000) / 20,000 = $15
Depreciation for 20X1 = Depreciation per hour × Actual direct labor hours
Depreciation for 20X1 = $15 × 2,100 = $31,500
Sum-of-the-years’ digits method
Depreciation per year = (Cost - Residual Value) * (Remaining useful life / Sum of the years’ digits)
Sum of the years’ digits = 1 + 2 + 3 + ... + n = n(n+1)/2
Sum of the years’ digits = 10(10+1)/2 = 55
For the first year, remaining useful life = 10
Depreciation for 20X1 = ($315,000 - $15,000) × (10/55)
= $54,000/11
= $4,909
Double-declining balance method
Depreciation rate = 2 / Useful life
Depreciation rate = 2 / 10 = 0.2 = 20%
For the first year, depreciation = Depreciation rate * Beginning book value
Beginning book value = Cost Depreciation for 20X1
= 20% × $315,000
= $63,000
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Thirty-five members of the Ortiz extended family were spread across three states—Illinois, New York and Florida—and they rarely were able to get everyone together. For Thanksgiving 2018, Mary Elizabeth Ortiz decided to surprise her family by booking a mountain retreat for the entire clan. She especially wanted to celebrate her uncle's return from overseas military service. On September 15, 2018, Mary rented a spectacular lodge in the Tennessee Smoky Mountains with over 20 bedrooms and an incredible view, paying in advance the full $2,500 per night fee for 3 evenings, but not purchasing travel insurance. The lodge had the following cancellation policy: "A sixty (60) day notice is required for cancellation. Cancellations that are made within 60 days of the arrival date, for any reason, forfeit the full advance payment and reservation deposit. You are advised to purchase travel insurance separately if cancellation costs are a concern." The rental contract also stated that the only exception would be for "acts of God, such as fires or earthquakes." One week before Thanksgiving, Mary's uncle had a heart attack and was hospitalized. The next day, November 16, 2018, Mary cancelled the reservation, and requested a full refund, which the lodge refused to provide. Does Mary have a claim for the return of her $7,500?
Payroll deductions are the same for all employees.
Answer:
no it depends the age and how good u are at your job.
Explanation:
nt inc sells product a for $80, with unit variable cost of $16. they also sell product b for $90 and its uvc is $18. which product is relatively more profitable and why?
Product B is more profitable since it has a higher contribution margin.
To find which product is more profitable, we need to calculate the contribution margin per product. Contribution margin is the amount by which revenues exceed variable costs, and is calculated as revenue minus variable cost per unit.
For Product A, the contribution margin is $80 - $16 = $64.
For Product B, the contribution margin is $90 - $18 = $72.
Therefore, Product B is more profitable since it has a higher contribution margin. This is because Product B has a higher selling price and/or lower variable cost compared to Product A, which results in a higher amount of revenue per unit that is available to cover the fixed costs and generate profits.
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