Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserve ratio is 25%. The Federal Reserve buys a government bond worth $1,800,000 from Yakov, a client of First Main Street Bank. He deposits the money into his checking account at First Main Street Bank.
Complete the following table to reflect any changes in First Main Street Bank's T-account (before the bank makes any new loans)
Assets Liabilities
Complete the following table to show the effect of a new deposit on excess and required reserves when the required reserve ratio is 25%.
Amount Deposited (Dollars) Change in Excess Reserves (Dollars) Change in Required Reserves (Dollars)
1,800,000
Answers
Answer:
a) First Main Street Bank's T-account (before the bank makes any new loans) will look as follows:
Assets | Liabilities
Reserves $1,800,000 | Deposits $1,800,000
b) The effect of a new deposit on excess and required reserves when the required reserve ratio is 25% are as follows:
Amount Deposited (Dollars) = $1,800,000
Change in Excess Reserves (Dollars) = $1,350,000
Change in Required Reserves (Dollars) = $450,000
Explanation:
a) Complete the following table to reflect any changes in First Main Street Bank's T-account (before the bank makes any new loans)
A deposit of $1,800,000 by Yakov into his checking account at First Main Street Bank will lead to the creation of both an asset and a liability for First Main Street Bank.
The reserves on the asset side of the T-account of First Main Street Bank will therefore increase by $1,800,000. This gives the bank the opportunity to able to give loan to its other customers from the additional reserves.
On the other hand, the deposit of $1,800,000 by Yakov will be recorded as a demand deposit on the liability side of the T-account of First Main Street Bank. This is because it is possible for Yakov to withdraw his deposit at any time.
This transaction will therefore be reflected as follows:
Assets | Liabilities
Reserves $1,800,000 | Deposits $1,800,000
b) Complete the following table to show the effect of a new deposit on excess and required reserves when the required reserve ratio is 25%.
Note: See the attached excel file to see how the table will actually look.
The required reserve ratio of 25% implies that First Main Street Bank is required by law to hold 25% of the new reserves which in this case is the initial deposits from Yakov.
By calculating this, 25% of $1,800,00 is $450,000 and it indicates an increase of $450,000 in the required reserve of First Main Street Bank.
After deducting 25% from 100%, we have 75% left. And 75% of $1,800,000 is $1,350,000. This $1,350,000 is the excess reserves that First Main Street Bank can use to give loans to other customers.
The breakdown is therefore as follows:
Amount Deposited (Dollars) = $1,800,000
Change in Excess Reserves (Dollars) = 75% * $1,800,000 = $1,350,000
Change in Required Reserves (Dollars) = 25% * $1,800,000 = $450,000
The reserve ratio is part of the reservable liabilities that commercial banks should hold on to, rather than lending or investing.
What is a reserve ratio?This is a requirement determined by the country's largest bank, the United States Federal Reserve. It is also known as the cash reserve ratio.
As per the information, the calculation of the reserve ratio from the government bond:
\(\rm\,25\% \,of \,1,800,000 = 450,000\\\\Excess \; reserves = 1,800,000 - 450,000 = 1,350,000\)
Now, this 1,800,000 will be part of demand deposits on the Assets side, and on the liability side, it will form part of the reserves.
Assets I Liabilities
Reserves $1,800,000 | Deposits $1,800,000
Secondly, the required reserve to be maintained from the reserves is $450,000 and the excess reserve is $1,350,000 that can be utilised for lending loans to the Public.
Hence, the amount of reserve ratio that First Main street Bank will maintain is $450,000.
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Related Questions
Imagine that you are on the new business development team in your company. The team has been tasked with identifying a prospect list in a new sector. Which team decision-making approach will be best given the need for the team to be innovative in the generation of ideas
Answers
Explanation:
Analyzing the information, the most appropriate team decision-making approach is the Nominal Group Technique, which is a very appropriate group dynamics process when there is a need for the team to be innovative in generating ideas. Through this approach to team decision making, brainstorming can occur, which is the integration of all members in a dynamic process that seeks some common goal, as in the case of the question, which is to identify a list of potential customers in a new sector.
Through the technique of the nominal group, the team meets in order to discuss the problem to find a solution through innovative ideas and generation of ideas that can arise through the communication of the team. This is an approach that consists of a few steps that includes a final vote on the solutions found, which helps in the interactive and participatory process of all members of the group.
discuss five engagement-specific controls to be instituted by an Audit firm to ensure Quality Control
Answers
The five key engagement-specific controls that an audit firm can implement to guarantee quality control throughout an engagement include adequate planning, risk assessment, supervision, documentation, and review.
These measures are taken to make sure the audit is carried out in accordance with auditing standards and that the conclusions reached are adequately supported by the available data. Audit firms should implement the following five essential engagement-specific controls: adequate planning, risk assessment, supervision, documentation and review.
Planning aids in defining the audit's scope, establishing client expectations, and effectively allocating resources and time. The establishment of appropriate procedures to address potential risks related to the client's financial statements is aided by risk assessment. The supervision process makes sure that the engagement team's audit work is regularly reviewed and as needed.
In order to demonstrate the audit work that was done proper documentation is required. A review also helps to ensure that the audit was carried out in accordance with auditing standards.
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is it okay to be a billionare?
this time it isn't a joke, I actually want some answers and explanations for this please.
Answers
answer:
yes
Explanation:
itis because we. can get fame and popularity all over the world.we can not only get wealthy but also help persons who are struggling from poverty.
Bathtub Refinishing Oldsmar FL
Answers
Answer:
cool
Explanation:
Hrubec Products, Incorporated, operates a Pulp Division that manufactures wood pulp for use in the production of various paper goods. Revenue and costs associated with a ton of pulp follow:
Selling price $ 102
Expenses:
Variable $ 74
Fixed (based on a capacity of 50,000 tons per year) 18 92
Net operating income $ 10
Hrubec Products has just acquired a small company that manufactures paper cartons. Hrubec plans to treat its newly acquired Carton Division as a profit center. The Carton Division manager is purchasing 6,600 tons of pulp per year from a supplier at the cost of $95 per ton. Hrubec’s president is anxious for the Carton Division to begin purchasing its pulp from the Pulp Division if the managers of the two divisions can negotiate an acceptable transfer price.
Required:
For (1) and (2) below, assume the Pulp Division can sell all of its pulp to outside customers for $102 per ton.
1. What is the Pulp Division's lowest acceptable transfer price? What is the Carton Division's highest acceptable transfer price? What is the range of acceptable transfer prices (if any) between the two divisions? Are the managers of the Carton and Pulp Divisions likely to voluntarily agree to a transfer price for 6,600 tons of pulp next year?
2. If the Pulp Division meets the price that the Carton Division is currently paying to its supplier and sells 6,600 tons of pulp to the Carton Division each year, what will be the effect on the profits of the Pulp Division, the Carton Division and the company as a whole?
For (3)–(6) below, assume that the Pulp Division is currently selling only 30,000 tons of pulp each year to outside customers at the stated $102 price.
3. What is the Pulp Division's lowest acceptable transfer price? What is the Carton Division's highest acceptable transfer price? What is the range of acceptable transfer prices (if any) between the two divisions? Are the managers of the Carton and Pulp Divisions likely to voluntarily agree to a transfer price for 6,600 tons of pulp next year?
4-a. Suppose the Carton Division’s outside supplier drops its price to only $91 per ton. Should the Pulp Division meet this price?
4-b. If the Pulp Division does not meet the $91 price, what will be the effect on the profits of the company as a whole?
5. Refer to requirement 4. If the Pulp Division refuses to meet the $91 price, should the Carton Division be required to purchase from the Pulp Division at a higher price for the good of the company as a whole?
6. Refer to requirement 4. Assume that due to inflexible management policies, the Carton Division is required to purchase 6,600 tons of pulp each year from the Pulp Division at $102 per ton. What will be the effect on the profits of the company as a whole?
Answers
The Pulp Division's lowest acceptable transfer price is the variable cost per ton plus any opportunity cost of selling to the outside market, which is $74.
The Carton Division's highest acceptable transfer price is the cost of purchasing from the outside supplier, which is $95 per ton. The range of acceptable transfer prices is between $74 and $95 per ton.
What are the responses to other questions?The managers of the Carton and Pulp Divisions may not be able to voluntarily agree on a transfer price since the range of acceptable transfer prices may not overlap.
If the Pulp Division meets the price that the Carton Division is currently paying to its supplier, the profits of the Pulp Division will increase by $7 per ton since the transfer price is $95 per ton and the variable cost per ton is $74.
The profits of the Carton Division will decrease by $7 per ton since the transfer price is now $95 per ton instead of $95 per ton.
The profits of the company as a whole will remain the same since the $7 increase in profit for the Pulp Division is offset by the $7 decrease in profit for the Carton Division.
The Pulp Division's lowest acceptable transfer price is the variable cost per ton plus any opportunity cost of selling to the outside market, which is $74.
The Carton Division's highest acceptable transfer price is the cost of purchasing from the outside supplier plus any additional cost of switching suppliers, which is $95 + $2 = $97 per ton.
The range of acceptable transfer prices is between $74 and $97 per ton.
The managers of the Carton and Pulp Divisions may be able to voluntarily agree on a transfer price since the range of acceptable transfer prices overlaps.
4-a.
If the Carton Division’s outside supplier drops its price to only $91 per ton, the Pulp Division should not meet this price since it is below the Pulp Division's variable cost of $74 per ton.
4-b.
If the Pulp Division does not meet the $91 price, the Carton Division may switch to the outside supplier and the profits of the Pulp Division will decrease by $28 per ton since it is now selling 6,600 fewer tons of pulp. The profits of the Carton Division will increase by $4 per ton since the cost of pulp is now $91 per ton instead of $95 per ton. The profits of the company as a whole will decrease by $16,560.
If the Pulp Division refuses to meet the $91 price, the Carton Division should not be required to purchase from the Pulp Division at a higher price for the good of the company as a whole since this would result in lower profits for the company as a whole.
If the Carton Division is required to purchase 6,600 tons of pulp each year from the Pulp Division at $102 per ton, the profits of the Pulp Division will increase by $280,000 since it is now selling 6,600 more tons of pulp. The profits of the Carton Division will decrease by $66,000 since the cost of pulp is now $102 per ton instead of $95 per ton. The profits of the company as a whole will increase by $214,000.
If the Carton Division can purchase pulp from the outside supplier for only $91 per ton, it should not be required to purchase
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How does low unemployment affect international trade?
Answers
Answer:
Impact of international trade on unemployment
In a relatively skill-abundant country, international trade increases the relative price of the skill-intensive products. This reduces the unemployment rate of skilled workers and increases the unemployment rate of unskilled workers.
Explanation:
Click to review the online content. Then answer the question(s) below, using complete sentences. Scroll down to view additional
questions.
Online Content: Site 1
What is the main difference in the way that "earned income" and "capital gains (or portfolio income)" are acquired?
Answers
The main difference in the way that "earned income" and "capital gains (or portfolio income)" are acquired is:
Earned income is money gained though occupation.Capital additions are medium of exchange gained though investment(s).Salary, bonuses, commissions, and tips that you receive from an employer or the company are examples of earned money.
Capital gains are funds received as a result of the sale of an investment such as stocks or real estate. Earned income is often taxed more heavily than gains from investments, which are taxed less heavily.
As a result, the significance of the main difference in the way that "earned income" and "capital gains (or portfolio income)" are acquired are the aforementioned.
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How does a 12 year old get a lot of money
Answers
Answer:
babysitting, walking dogs, mowing lawns, shoveling snow,
Explanation:
Answer:
Explanation:
1)) babysitting
2)) small bussiness
3)) pet sitting
4)) yard work
5)) house sitting
6)) household work
7)) odd jobs
GL!
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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Wat is the main advantage of using The Sentence Method
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You can earn 3% interest on a CD and 1.25% interest on a savings account.
How much more interest will the CD earn for one year if you make a deposit of
$1,650?
Financial Lit, please help!!
Answers
Answer:
The CD will earn $49.50 more interest than the savings account for one year if you make a deposit of $1,650.
Who will be the first Trillonare in this world ?
Answers
The person who is expected to become the first Trillionaire is Jeff Bezos, founder, and CEO of Amazon.
According to a study conducted by Comparison, Jeff Bezos could become the world’s first Trillionaire by the year 2026. This prediction was made on the basis of the average percentage of growth of Bezos’ net worth over the last five years. The study also highlighted that Bezos’ wealth has grown by an average of 34% over the last five years. At this rate of growth, his net worth could reach $1 trillion by the year 2026.
However, the current COVID-19 pandemic has had a negative impact on the economy, and Bezos’ net worth has already decreased by over $20 billion since the start of the pandemic. Despite this, it is still possible that Bezos may become the world’s first Trillionaire in the future, but there are also other contenders who could reach this milestone, such as Elon Musk, CEO of Tesla and SpaceX. However, as of now, there is no confirmed Trillionaire in the world.
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how could competition policy undo the wrongs of the past and make south Africa a better place
Answers
Answer:
To achieve its purpose, the Commission's core functions are the following: implement measures to increase market transparency; implement measures to develop public awareness of the provisions of the Act; investigate and evaluate alleged anti-competitive conduct; conduct formal inquiry in respect of the general state of ...
Explanation:
It is a structure which regulates the markets and monopolies in the country. It generally aims in preventing monopoly growth. It benefited by balancing the act of economic transformation that will benefit all South Africans through ownership, the participation of small and medium enterprises and employment.
reports are prepared for a given time period.
Answers
The common stock of the C.A.L.L. Corporation has been trading in a narrow range around $50 per share for months. The price of a 3-month put option with an exercise price of $50 is $4. If the risk-free interest rate is 10% per year, what must be the price of a 3-month call option on C.A.L.L. stock at an exercise price of $50 if it is at the money
Answers
Answer:
$5.18
Explanation:
Calculation for call option
Using this formula
Call option=Put option + Exercise price-[Exercise price/(1+Risk-free interest rate)^Time
Let plug in the formula
Call option= 4 + 50 - [50/(1+.10)^1/4]
Call option= 4 + 50 - [50/(1.10)^1/4]
Call option= $5.18
Therefore what must be the price of a 3-month call option on C.A.L.L. stock at an exercise price of $50 if it is at the money is $5.18
Who is a business letter not written by?
Answers
A business letter is not written Option C. between two private individuals.
A business letter is a formal letter used by businesses or companies to communicate with customers, clients, other companies, or government officials. It is used for various purposes, such as requesting information, placing orders, providing feedback, making inquiries, making claims, making offers, and more. Business letters are different from personal letters in that they are more formal, objective, and to the point.
Business letters are usually written by a company's employees who have the authority to do so. For instance, the sales team may write letters to prospective clients to solicit their business, while the human resources department may write letters to job applicants to inform them of their application status. There are various types of business letters, and each serves a different purpose. Some common types of business letters include:
1. Inquiry letters: Used to request information about products, services, or pricing.
2. Order letters: Used to place orders for goods or services.
3. Complaint letters: Used to make a formal complaint about a product or service.
4. Adjustment letters: Used to respond to a complaint or request for an adjustment.
5. Sales letters: Used to sell a product or service.
6. Acknowledgment letters: Used to acknowledge receipt of an order, complaint, or request.
7. Employment letters: Used to communicate with job applicants, employees, or ex-employees.
8. Invitation letters: Used to invite someone to an event or occasion.
9. Cover letters: Used to accompany a resume or job application.
Business letters are important because they create a record of communication between two parties, and they provide a paper trail of events. They are also important because they can be used in legal proceedings, as they show that the parties communicated about a particular matter. Therefore, the correct option is C.
The question was incomplete, Find the full content below:
A business letter is not written
A. between a company and its customers or clients
B. between one company and another company
C. between two private individuals
D. to employees within a company to recognize important achievements
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+ 2(x – 3) – 5x Which expression is equivalent to the expression shown? –3x – 4 –3x – 1 –x – 12 –x – 3
Answers
According to the information, we can infer that the expression equivalent to 2(x – 3) – 5x is -3x - 12.
Which expression is equivalent to the expression shown?According to the information, we can infer that none of the options is correct. In this case to calculate the correct expression equivalent to the expression shown we have to simplify the given expression, we apply the distributive property by multiplying 2 with the terms inside the parentheses:
2(x – 3) = 2x – 6.Additionally, we subtract 5x:
2x – 6 – 5x = -3x – 6.According to the above, the expression -3x - 12 is equivalent to 2(x – 3) – 5x.
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Gti two employees are paid weekly. As of the end if the year, two days salaries have accrued at the rate of 180 per day per per employee
Answers
The adjusting journal entry for GTI is as follows:
Adjusting Journal Entry:Date Account Titles Debit Credit
Dec. 31 Wages Expenses $720
Wages Payable $720
To accrue the two days' wages owed to two employees.What is an adjusting journal entry?An adjusting journal entry is a period-end journal entry to accrue expenses that have been incurred but not paid in cash.
Adjusting journal entries can also be used to record Depreciation Expenses, Earned and Unearned Revenues, Prepayments, and correction of accounting errors.
Transaction Analysis:Wages Expenses $720 Wages Payable $720
Two Employees' wages for two days = $720 (180 x 2 x 2)
Thus, the Wages Expenses account will be debited, while the Wages Payable account will be credited to show that GTI is owing two employee wages for 2 days.
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Question Completion:Prepare the adjusting journal entry to record the accrual.
Share your ideas from the role of a key stakeholder who wants to settle the issue. Submit your ideas as a blog, a news report or other format of your choice.
Answers
Title: Bridging Divides: A Key Stakeholder's Path to Issue Resolution
Blog Post:
In today's increasingly interconnected world, conflicts and disputes have become a common occurrence. As a key stakeholder, it is essential to play a proactive role in settling such issues and fostering harmony. By promoting open dialogue, understanding, and collaboration, we can pave the way for sustainable resolutions that benefit all parties involved.
Firstly, it is crucial to establish a platform for communication and negotiation. This platform should encourage all stakeholders to express their concerns and perspectives openly, creating an environment of trust and respect. By actively listening to each other's viewpoints, we can gain valuable insights into the underlying causes of the issue and identify potential areas of compromise.
Secondly, building bridges requires empathy and a willingness to see beyond our own interests. By considering the needs and aspirations of all stakeholders, we can work towards finding mutually beneficial solutions. This involves exploring creative alternatives and seeking common ground that addresses the core concerns of each party.
Thirdly, fostering collaboration among stakeholders is key to overcoming barriers and finding lasting resolutions. By encouraging joint problem-solving efforts and facilitating partnerships, we can tap into the collective wisdom and resources of diverse groups. Collaboration also enhances ownership of the solutions, increasing the likelihood of successful implementation.
Lastly, it is important to promote ongoing dialogue and learning. Conflict resolution is a dynamic process, and it is essential to continuously assess the effectiveness of implemented solutions. By creating mechanisms for feedback and evaluation, we can refine our approaches and adapt to changing circumstances, ensuring the sustainability of the settlements achieved.
Resolving issues requires a long-term commitment from all stakeholders involved. As a key participant, we have a responsibility to foster an environment of understanding, collaboration, and empathy. By embracing these principles, we can bridge divides and forge a path towards harmonious coexistence and mutual prosperity.
News Report:
Headline: Stakeholder Engagement Drives Successful Resolution of Long-standing Conflict
Date: May 18, 2023
In an inspiring display of diplomacy and cooperation, key stakeholders have come together to settle a long-standing dispute that has plagued our community for years. Their unwavering commitment to dialogue and collaboration has paved the way for a sustainable resolution that promises to benefit all parties involved.
The conflict, which had deep-rooted historical and cultural undertones, threatened to undermine social cohesion and impede progress. However, through the proactive efforts of key stakeholders, a platform for open communication and negotiation was established, providing a safe space for all voices to be heard.
Emphasizing the importance of empathy and understanding, stakeholders actively listened to one another's concerns and perspectives. This empathetic approach enabled them to uncover the underlying causes of the issue and identify potential areas of compromise. By seeking common ground and exploring creative alternatives, they forged a path towards mutually beneficial solutions.
Central to this successful resolution was the fostering of collaboration among stakeholders. Recognizing the power of collective wisdom and resources, they engaged in joint problem-solving efforts and formed partnerships. This collaborative approach not only facilitated the identification of innovative solutions but also fostered a sense of ownership and commitment among all parties.
However, the settlement process did not end with the signing of agreements. The stakeholders have shown a steadfast commitment to ongoing dialogue and learning. They have implemented mechanisms for feedback and evaluation, allowing for continuous refinement and adaptation of the agreed-upon solutions.
As the community celebrates this milestone, it serves as a shining example of what can be achieved when key stakeholders embrace the principles of understanding, collaboration, and empathy. By bridging divides and forging a path towards harmonious coexistence, they have laid the foundation for a brighter, more prosperous future.
In conclusion, resolving complex issues requires the collective effort of key stakeholders who are willing to transcend differences and work towards a common goal. It is through their commitment to open
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Over the past two years, Cute Camel Woodcraft Company has relied more on the use of short-term debt than on long-term debt financing. This statement is ________- because
a. Cute Camel's total notes payable increased by $43 million, while its common stock account increased by $1,340 million
b. Cute Camel's total current liabilities increased by $172 million, while its use of long-term debt increased by $515 million
c. Cute Camel's total current liabilities decreased by $172 million, while its long-term debt account decreased by $515 million
Answers
Answer:
c. Cute Camel's total current liabilities decreased by $172 million, while its long-term debt account decreased by $515 million
Since short term liabilities (current liabilities) increase while long term liabilities decrease, it means that the company is relying more on short term liabilities.
Explanation:
Option A is wrong because notes payable are generally part of long term liabilities. Only the portion of notes payable due within one year is reported as current liabilities.
Option B is wrong because long term liabilities increase much more than short term liabilities.
Help!
dancing is considered as labor, capital,land or entrepreneurship?
Answers
Answer:
D. Entrepreneurship
Because 100% it's not a land or a capital. Well, it may be a labor, but mostly it's entrepreneurship.
Hope that helps you
A database program would probably be used to
Answers
Answer:
The application scope of the database is very wide, such as the student information management system, course selection system, as well as the telecommunications department payment system, statistical system, and online game account management, etc., can be said that the current software, especially the network application software, is to use the database
Answer:
A database program would probably be used to track purchases on a commercial website.
Explanation:
A database is the heart of a business information system and provides file creation, data entry, query and reporting functions.
Swifty Corporation is indebted to Blossom under a $1020000, 11%, three-year note dated December 31, 2019. Because of Swifty's financial difficulties developing in 2021, Swifty owed accrued interest of $112200 on the note at December 31, 2021. Under a troubled debt restructuring, on December 31, 2021, Blossom agreed to settle the note and accrued interest for a tract of land having a fair value of $920000. Swifty's acquisition cost of the land is $723000.
Ignoring income taxes, on its 2021 income statement Swifty should report as a result of the troubled debt restructuring_______.
Answers
Answer:
On its 2021 income statement Swifty should report as a result of the troubled debt restructuring...
Gain on disposal = $197,000
Restructuring gain = $212,200
Explanation:
We need to find the gain on disposal. Let's use:
Gain on disposal = fair value of land - cost of land.
Where,
Fair value = $920,000
Cost of land = $723,000
Therefore,
Gain on disposal = $920,000 - $723,000 = $197,000
Let's find the gain on restructuring.
Restructuring gain = Loan amount + Accured interest - fair value of land
Where,
Loan amount = $1,020,000
Accured interest = $112,200
Fair value of land = $920,000
Therefore,
Restructuring gain = $1,020,000 + $112,200 - $920,000 = $212,200
On its 2021 income statement Swifty should report as a result of the troubled debt restructuring...
Gain on disposal = $197,000
Restructuring gain = $212,200
What are the benefits of multiple marketing channels? Are there any disadvantages?
Answers
Helps you save money
Saves time
Increases effectiveness
Disadvantage are...
Decreased revenue
Loss of value of products
Too many participants
The price elasticity of supply reflects the flexibility of firms to increase or decrease the quantity supplied.
Which of the following does NOT increase flexibility?
Answers
So far in this chapter, all of the elasticity metrics have been related to the demand side of the market. Knowing how sensitive the amount given is to a change in pricing is also helpful.
Let's say there is a surge in apartment demand. There will be a dearth of flats available at the previous level of rent, which will put pressure on rents to increase. With all other factors remaining constant, the lower the rise in rent necessary to address the shortfall and restore market equilibrium, the more sensitive the supply of available flats is to changes in monthly rates. In contrast, price would need to climb more if quantity provided is less responsive to price changes, resulting in a shortage brought on by a spike in demand.
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At December 31, Folgeys Coffee Company reports the following results for its calendar year. Cash sales $ 914,000 Credit sales 314,000 Its year-end unadjusted trial balance includes the following items. Accounts receivable $ 139,000 debit Allowance for doubtful accounts 6,400 debit Prepare the adjusting entry to record bad debts expense assuming uncollectibles are estimated to be (1) 5% of credit sales, (2) 3% of total sales and (3) 8% of year-end accounts receivable.
Answers
Answer:
a.
Date Account Title Debit Credit
Dec, 31 Bad debt expense $15,700
Allowance for doubtful expense account $15,700
Working
= 5% * 314,000
= $15,700
b.
Date Account Title Debit Credit
Dec, 31 Bad debt expense $36,840
Allowance for doubtful expense account $36,840
Working
= 3% * (Cash sales + Credit sales)
= 3% * (914,000 + 314,000)
= $36,840
c.
Date Account Title Debit Credit
Dec, 31 Bad debt expense $17,520
Allowance for doubtful expense account $17,520
Working
= (8% * Year end accounts receivable) + Debit balance for Allowance for doubtful account
= (8% * 139,000) + 6,400
= $17,520
at at each vs the project risk analysis and management program should produce
Answers
At each phase, the project risk analysis and management program should produce Deliverables.
Option C is correct.
In project management, what exactly is project risk analysis?Risk analysis looks at how the impact of a risk event might change the project's outcomes and goals. After risks are identified, they are examined to determine their qualitative and quantitative impact on the project, enabling appropriate mitigation measures to be taken.
Risk analysis looks at how the impact of a risk event might change the project's outcomes and goals. After risks are identified, they are examined to determine their qualitative and quantitative impact on the project, enabling appropriate mitigation measures to be taken.
Incomplete question :
At each phase, the project risk analysis and management program should produce:
A) Alternatives.
B) A budget.
C) Deliverables.
D) Meetings.
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Using a pivot table, figure out the percentage of wine varieties sold from each distribution center. Show your results in the form of a pie chart.
Hint: Create a pivot table using the data spreadsheet as a starting point.
Create a labeled bar chart that shows the amount of wine varieties sold to each distribution center.
Use the pivot table already created to calculate the total amount of revenue made for each distribution center. Show your results in a bar chart.
Hint: Production cost data is provided in the Costs & Distances tab. Make sure you don’t mix your units of measurement (i.e., pallets, cases, or bottles).
Use the IF function to calculate the central tendencies (mean, median, and mode) of shipment volume for each distribution center. Show your results in a table. (Do NOT use a pivot table or manually identify each cell to be evaluated.)
Analyze the frequency of shipment by size using a histogram. Use the following bin sizes (number of pallets): 72, 48, 24, 18, 12, 6, 3, 1.
Create a shipment histogram to show the distribution of shipments for Portland and Riverside. Use the same bin sizes as you did in step five.
Hint: Use the alphabetical sort for the destination column. Then select Data Analysis to plot the frequency of pallet shipments using the bin sizes listed for the two destinations separately.
Write a summary statement that describes the inefficiencies shown in the organizational sales analysis. In your response, explain wh
Answers
To create a pivot table to figure out the percentage of wine varieties sold from each distribution center, you would need to start with a data spreadsheet that contains information on the types of wine sold and the distribution center they were sold from.
You would then use the pivot table function to group the data by distribution center and calculate the percentage of each variety sold by each center. The results can then be displayed in a pie chart.
How to illustrate the pivot table?To create a labeled bar chart showing the amount of wine varieties sold to each distribution center, you would again use the data spreadsheet and the pivot table function to group the data by distribution center and calculate the number of each variety sold by each center. The results can then be displayed in a bar chart.
To create a pivot table to figure out the percentage of wine varieties sold from each distribution center, you would need to start with a data spreadsheet that contains information on the types of wine sold and the distribution center they were sold from. You would then use the pivot table function to group the data by distribution center and calculate the percentage of each variety sold by each center. The results can then be displayed in a pie chart.
To create a labeled bar chart showing the amount of wine varieties sold to each distribution center, you would again use the data spreadsheet and the pivot table function to group the data by distribution center and calculate the number of each variety sold by each center. The results can then be displayed in a bar chart.
To calculate the total amount of revenue made for each distribution center, you would need to use the pivot table that you created earlier, as well as additional data on production costs provided in the "Costs & Distances" tab. Be sure to use the same units of measurement for both the revenue and cost data. The results can be displayed in a bar chart.
To use the IF function to calculate the central tendencies of shipment volume for each distribution center, you would need to create a table that lists the shipment volume for each distribution center and use the IF function to calculate the mean, median, and mode of the shipment volume.
To analyze the frequency of shipment by size using a histogram, you would need to use the bin sizes (number of pallets) of 72, 48, 24, 18, 12, 6, 3, 1.
To create a shipment histogram to show the distribution of shipments for Portland and Riverside, you would first sort the data by destination. Then use Data Analysis to plot the frequency of pallet shipments separately for the two destinations using the bin sizes listed in step five.
In summary, the inefficiencies shown in the organizational sales analysis can be identified by analyzing the distribution of wine varieties sold, the revenue made, and the shipment volume for each distribution center. Additionally, histograms can be used to visualize the frequency of shipment by size and destination. These inefficiencies can be used to identify areas for improvement and optimize sales and distribution.
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1. Which item is considered a retail product?
O A. New refrigerator
B. Extended warranty on the refrigerator
O C. Refrigerator repair
O D. Refrigerator delivery
Answers
Answer:
refrigerator- repair
Explanation:
Answer:
A. New refrigerator
Explanation:
It is the only actual instance of an item one could buy at a store. The rest are not fiscal items, but instead services for the product.
At the end of 2011, the XYZ city deferred Br. 40,000 in property taxes, and that
amount is reflected in the beginning balance sheet is recognized as revenue for
2012.
Answers
At the end of 2011, the XYZ city deferred Br. 40,000 in property taxes, which means that the city did not recognize this amount as revenue in the 2011 financial statements. Instead, it carried it forward as a liability on the beginning balance sheet for 2012.
In 2012, the Br. 40,000 deferred property taxes are recognized as revenue, reflecting an increase in the city's financial resources. This recognition follows the accrual accounting principle, where revenue is recognized when it is earned, regardless of when the cash is received. By recognizing the deferred property taxes as revenue in 2012, the city accurately reflects its financial position and performance for that year.
The recognition of the deferred property taxes as revenue in 2012 will impact the city's income statement, increasing its revenue figure, and potentially affecting its net income or surplus. It also signifies the city's ability to generate resources from property taxes, which can contribute to funding public services and projects within the XYZ city.
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