Answer:
C) increase Cash and decrease Accounts Receivable $500
Victoria received $500 from customers in partial payment for accounting services performed previously, then he increases Cash and decrease Accounts Receivable $500.
What is Accounts Receivable?Accounts receivable, is often known as AR or A/R, are legally enforceable claims for payment held by a company for products or services provided but not paid for by consumers.
The amount of account receivables increases as the payment is due from some debtors, and it decreases as the payment is received from the debtors.
In the given case, Victoria received $500 from customers in partial payment for accounting services performed previously, then the amount of cash in hand increases and the account receivables decreases as the amount is received from the past debtors.
Therefore, option C is correct.
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C. Imagine you Deposit K10, 000 every six months for the next five years at an interest rate of 10% per annum. You would want to know what this value will be at the end of the period.
Required:
i. Using simple interest (5 Marks)
ii. Using compounded interest (5 Marks)
iii. If the deposits were made at the beginning of every six months (5 Marks)
iv. If the deposits were made at the end of every six months (5 Marks
i) Using simple interest, if the deposits were made at the beginning of every six months, the ending (future value) would be K127,500.
ii) Using simple interest, if the deposits were made at the end of every six months, the ending (future value) would be K122,500.
iii) Using compounded interest, if the deposits were made at the beginning of every six months, the ending (future value) would be K132,067.87.
iv) Using compounded interest, if the deposits were made at the end of every six months, the ending (future value) would be K125,778.93.
What differentiates simple interest from compound interest?The difference between simple interest and compound interest is that simple interest is only based on the principal.
On the other hand, compound interest computes interest on both the principal and accumulated interest.
Simple Interest (Deposits at Beginning):Period Principal Interest Balance
1 K10,000 K500 K10,500 (K10,000 + K500)
2 20,000 1,000 21,500 (K10,500 + K10,000 + K1,000)
3 30,000 1,500 33,000
4 40,000 2,000 45,000
5 50,000 2,500 57,500
6 60,000 3,000 70,500
7 70,000 3,500 84,000
8 80,000 4,000 98,000
9 90,000 4,500 112,500
10 100,000 5,000 127,500
Simple Interest (Deposits at Ending):Period Principal Interest Balance
1 K10,000 K0 K10,000
2 20,000 500 20,500 (K10,000 + K10,000 + K500)
3 30,000 1,000 31,500
4 40,000 1,500 43,000
5 50,000 2,000 55,000
6 60,000 2,500 67,500
7 70,000 3,000 80,500
8 80,000 3,500 94,000
9 90,000 4,000 108,000
10 100,000 4,500 122,500
Compound Interest at Ending:N (# of periods) = 10 (5 x 2)
I/Y (Interest per year) = 10%
PV (Present Value) = K0
PMT (Periodic Payment) = K10,000
Results:
FV = K125,778.93
Sum of all periodic deposits = K100,000 (K10,000 x 2 x 5)
Total Interest = K25,778.93
Compound Interest at Beginning:N (# of periods) = 10 (5 x 2)
I/Y (Interest per year) = 10%
PV (Present Value) = K0
PMT (Periodic Payment) = K10,000
Results:
FV = $132,067.87
Sum of all periodic deposits = K100,000 (K10,000 x 2 x 5)
Total Interest = K32,067.87
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Borner Communications’ articles of incorporation authorized the issuance of 130 million
common shares. The transactions described below effected changes in Borner’s outstanding
shares. Prior to the transactions, Borner’s shareholders’ equity included the following:
Shareholders’ Equity ($ in millions)
Common stock, 100 million shares at $1 par $100
Paid-in capital—excess of par 300
Retained earnings 210
Required:
Assuming that Borner Communications retires shares it reacquires (restores their status to that of
authorized but unissued shares), record the appropriate journal entry for each of the following
transactions:
1. On January 7, 2013, Borner reacquired 2 million shares at $5.00 per share.
2. On August 23, 2013, Borner reacquired 4 million shares at $3.50 per share.
3. On July 25, 2014, Borner sold 3 million common shares at $6 per share.
Explanation:
On January 7, 2013, Borner reacquired 2 million shares at $5.00 per share.
The total cost of reacquiring 2 million shares is:
2,000,000 shares x $5.00 per share = $10,000,000
To record the reacquisition of shares, we need to reduce the common stock and paid-in capital accounts by the par value of the shares reacquired and the excess of the reacquisition cost over the par value should be recorded as a reduction in retained earnings. The journal entry to record the transaction is:
Retained Earnings $ 10,000,000
Common Stock $2,000,000
Paid-in Capital in Excess of Par $8,000,000
(To record the reacquisition of 2 million common shares)
On August 23, 2013, Borner reacquired 4 million shares at $3.50 per share.
The total cost of reacquiring 4 million shares is:
4,000,000 shares x $3.50 per share = $14,000,000
To record the reacquisition of shares, we need to reduce the common stock and paid-in capital accounts by the par value of the shares reacquired and the excess of the reacquisition cost over the par value should be recorded as a reduction in retained earnings. The journal entry to record the transaction is:
Retained Earnings $ 14,000,000
Common Stock $4,000,000
Paid-in Capital in Excess of Par $10,000,000
(To record the reacquisition of 4 million common shares)
On July 25, 2014, Borner sold 3 million common shares at $6 per share.
The total proceeds from the sale of 3 million shares is:
3,000,000 shares x $6.00 per share = $18,000,000
To record the issuance of shares, we need to increase the common stock and paid-in capital accounts by the par value and the excess of the proceeds over the par value. The journal entry to record the transaction is:
Cash $ 18,000,000
Common Stock $3,000,000
Paid-in Capital in Excess of Par $15,000,000
(To record the issuance of 3 million common shares at $6 per share)
Describe four characteristics of an age-friendly community.
How can age-friendly communities also benefit young adults?
Discuss some home and community-based service options available to an older person who does not wish to move to retirement housing but prefers to stay in his/her long-term home.
An age-friendly community is accessible, inclusive, fosters social connection, and provides supportive services to older adults.
An age-friendly community is one that recognizes and responds to the diverse needs and preferences of older adults. Here are four characteristics of an age-friendly community
Accessibility: An age-friendly community is designed to be accessible to people of all ages and abilities, including those with mobility or sensory impairments.
Inclusion: An age-friendly community values and includes older adults as active and engaged members of the community. This means that older adults are able to participate in community activities and events, access community services and resources, and contribute their skills and knowledge to the community.
Social Connection: An age-friendly community fosters social connections and reduces social isolation among older adults. This means that the community provides opportunities for older adults to connect with others, such as social clubs, volunteer programs, and intergenerational activities.
Supportive Services: An age-friendly community provides supportive services to older adults to help them age in place and maintain their independence. This means that the community offers services such as transportation, home health care, and meal delivery, and has policies in place to support older adults who may be vulnerable to financial or social exploitation.
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The given question is incomplete, the complete question is:
Describe four characteristics of an age-friendly community.
Do you dream of working in show business? Have you ever told your parents? If so, you have probably been told, “That is not a real career” or “You’d better pick something to fall back on.” What they usually mean is that the chances of going to Hollywood and becoming a big movie star are slim. In that way, they are right.
But making Broadway shows, producing Hollywood films, even creating online videos involve many more jobs than just the actors who play in them. So many different people in diverse career paths—from management, to accounting, to marketing—contribute their skills to create the finished products that entertain us! See, you can have a ‘real career’ and work in show business.
For instance, think about the jobs listed below. While those in positions like these get to work in and around show business, the functions they perform are based right in the clusters we considered today: Business Management, Finance, Marketing and Sales. See if you can search online to find what is involved with these three specific jobs. Can you find an example of someone who holds this position? What do they do? How might their job allow them to feel like a part of Hollywood?
Senior Vice President of Theatre Operations
Media Production Accountant
Social Media Director, Film Marketing Agency
Now that you have learned a bit about each of these jobs and what they involve, pop back over to the Bureau of Labor Statistics’ Occupational Outlook Handbook once again to do some more research on them. Find out what education is generally required to enter into each career and what the annual salary could be. Jot down some facts related to each career’s job outlook as well.
Note: You might have to use a broader search term, such as operations manager, accountant, or marketing manager, to find information on these careers.
After this initial research, your task is going to be to create a slideshow presentation to show parents who are worried about their children’s Hollywood dreams. You must provide them with information on solid career options that their children could pursue… careers that would ease parents’ minds and fulfill children’s goals.
Your slideshow must include the following:
Content
A description of each of the three careers that you researched, including what tasks the job requires and why the job is so important
A breakdown of the education requirements for each career, including subjects that might be beneficial in preparing for each career
The projected annual salary for someone in each career and the job outlook according to the Bureau of Labor
A summary of why you think this job is a good choice for someone who is interested in “show business”
Elements
Five slides, broken down in this way:
One slide for each career, containing the content from the first three bullet points above
One slide for the summary, containing the content from the last bullet point above
One slide for your bibliography
Three pictures, one for each of the three careers you are presenting
The careers that i have researched on Broadway shows are:
Stage Manager. Theatrical Makeup Artist. Choreographer.What tasks does a stage manager perform?They consist of:
Planning and leading rehearsals.Sharing with designers and craftspeople the director's wishes.Coordinating the stage crew's job.During the performance, there may be calling cues and actor entrances.supervising the entire performance every time it is given.In terms of Theatrical Makeup Artist role: Any makeup used by the performers must look well, and that is the responsibility of the makeup artist. In order to develop a look for each actor that will visually support the character, the makeup artist collaborates closely with the costume designer.
In terms of Choreographer role: Working together with the director and musical director, a choreographer creates and choreographs the dance or stylized movement for musical productions. A choreographer collaborates with dancers to develop and interpret concepts and turn them into the final performance.
The credentials are required to be a stage manager are:
A foundation degree, higher national diploma, or degree in stage management, or a course in a similar field like performing arts production, are all options.technical theater and a theater in practice.The credentials for Makeup Artists are:
Bachelor, Fashion & Beauty Makeup Artist; Bachelor of Arts in Make Up for Media and Performance.Hair design and makeup artistry.Artistry & Effects in Makeupcollegiate media makeupLastly, Despite the fact that a master's degree is frequently required to teach at the university level, many choreographers hold bachelor's degrees in dance. Beginning their careers as professional dancers, choreographers frequently take on jobs as assistant choreographers or in positions that are comparable.
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Alfred E. Old and Beulah A. Crane, each age 42, married on September 7,2017. Alfred and Beulah will file a joint return for 2019. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "Old" as her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304. Alfred was divorce from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred pays Sarah $15,000 in 2019. In addition, in January 2019, Alfred pays Sarah $50,000, which is designated as being for her share of the marital property. Also, Alfred is responsible for all prior years' income taxes. Sarah's Social Security number is 123-45-6788. Alfred's salary for 2019 is $150,000. He is an executive working for Cherry.Inc. (Federal I.D. No. 98-7654321). As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. His employer withheld $24,900 for Federal income taxes and $8,000 for state income taxes. The proper amounts were withheld for FICA taxes. Beulah recently graduated from law school and is employed by Legal Aid Society.Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives salary of $42,000 in 2019. Her employer withheld $7,500 for Federal income taxes and $2,400 for state income taxes. The proper amounts were withheld for FICA taxes. Alfred and Beulah had interest income of $500. They received $1,900 refund on their 2018 state income taxes. They claimed the standard deduction on their 2018 Federal income tax return. Alfred and Beulah pay $4,500 interest and $1,450 property taxes on their personal residence in 2019. Their charitable contributions total $2,400 (all to their church). They paid sales taxes of $1,400, for which they maintain the receipts. Alfred and Beulah have never owned or used any virtual currency, and they do not want to contribute to the Presidential Election Campaign. Compute the Old's net tax payable (or refund due) for 2019. Suggested software: ProConnect Tax Online
To compute the Olds' net tax payable (or refund due) for 2019, we need to gather all the relevant information and calculate their taxable income, apply the appropriate tax rates, deductions, and credits. Since the tax calculation involves various factors and tax laws, it would be best to use tax software such as ProConnect Tax Online or consult with a tax professional. The software will streamline the process and ensure accurate calculations based on the specific tax laws and regulations applicable to the Olds' situation.
What budgeting tip(s) would help you to stay on track
financially?
a.Find a friend with similar goals and hold each other
accountable
b.Put aside fun money in your budget so you're not
missing out
c.Only use your closest gas station to fill up gas
d.All of the above
Answer:
d. All of the above
Explanation:
Business activities require capital, which of the following is NOT a way to
raise capital?
reinvesting profite
investors
using owner's money
o
developing products
Answer:
reinvesting profit
The shorter your term length, the
the total interest you will pay.
*
your monthly payments, and the
O higher, lower
O higher, higher
O lower, lower
lower, higher
Answer:
lower, higher
Explanation:
For a term loan, the longer the repayment duration, the more interest one pays.
Longer loan terms have a lower interest rate that seems attractive and affordable to customers. Long terms loans will also have low monthly repayments. Short-term loans have high-interest rates and high monthly repayments. However, the total interest paid on long-term loans is usually higher than that of short term loans. Lenders consider long term loans as riskier and will design them to attract more interest.
James received a raise after his first year on the job to $43,800 from his initial salary of $42,000. Inflation averaged 2.8% for that first year. In real terms (i.e., adjusted for inflation), what was his real raise stated as a percentage?
The calculation for percentage change of personal income is:
Group of answer choices
4.29%
2.29%
5.29%
1.29%
The calculation for percentage change of personal income is A. 4.29%. that is, the real raise of salary in percentage is 4.29%.
What is inflation?The overall rise in prices of goods and services over time in an economy is referred to as inflation. When inflation occurs, people may purchase fewer products and services with the same amount of money because the purchasing power of a unit of currency declines.
How do you determine it?James's initial income of $42,000 must be adjusted for inflation before being compared to his current compensation of $43,800 in order to determine his actual raise. The inflation rate was 2.8%.
Raise in salary = 43800 - 42000 = $1800
Therefore, real raise of salary in percentage is:
= Raise in salary/ initial salary x 100%
= 1800/42000 x 100%
= 4.285% = 4.29%
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1. (15 points) A sales budget is given below for one of the products manufactured by the Key
Co.:
January
February
March
April
May
June
21,000 units
36,000 units
61,000 units
41,000 units
31,000 nits
25,000 units
The inventory of finished goods at the end of each month should equal 20% of the next month's
sales. However, on December 31 the finished goods inventory totaled only 4,000 units. Each unit
of product requires three specialized electrical switches. Since the production of these specialized
switches by Key's suppliers is sometimes irregular, the company has a policy of maintaining an
ending inventory at the end of each month equal to 30% of the next month's production needs.
This requirement had been met on January 1 of the current year.
Required:
a. Prepare a budget showing the required production each month for January, February, March,
and April
b. Prepare a budget showing the quantity of switches to be purchased each month for January,
February, and March.
Answer:
bkfsjbsF zc,bvjkhw 4ageyfubhjva kejdsl
Explanation:
Which statements about junk bonds are correct? Choose three correct answers
Answer: Edg 2021: A, B, E
Explanation:
Answer: the answers are
White is more than 25 percent in all regions.
At least 85 percent of the cars in every region are white, silver, black, or gray.
All the colors are consistently represented across regions.
Explanation: just incase some people get confused
The Montgomerys borrowed $107,000 at 7.50% for 30 years to purchase a house. Find the total interest the Montomerys will pay if they pay the loan on schedule. Click the icon to view the monthly payment of principal and interest table. OA. $162,254.80 OB. $149, 158.00 OC. $177,662.80 OD. $168,803.20
The total interest the Montgomerys will pay if they pay the loan on schedule is approximately $163,072.
To find the total interest the Montgomerys will pay over the course of the loan, we can calculate the monthly payment and then subtract the principal borrowed.
First, we need to calculate the monthly payment using the loan amount, interest rate, and loan term. We can use the formula for calculating the monthly payment on an amortizing loan:
Monthly payment =\(P * r * (1 + r)^n / ((1 + r)^n - 1)\)
Where:
P = Principal amount borrowed = $107,000
r = Monthly interest rate = Annual interest rate / 12 = 7.50% / 12 = 0.625%
n = Total number of payments = 30 years * 12 months/year = 360 months
Plugging in the values, we have:
Monthly payment = $107,000 * 0.00625 * (1 + 0.00625)^360 / ((1 + 0.00625)^360 - 1)
≈ $750.20
The monthly payment of principal and interest is approximately $750.20.
To find the total interest paid, we can multiply the monthly payment by the total number of payments and subtract the principal borrowed:
Total interest paid = (Monthly payment * Total number of payments) - Principal borrowed
= ($750.20 * 360) - $107,000
≈ $270,072 - $107,000
≈ $163,072
Therefore, the total interest the Montgomerys will pay if they pay the loan on schedule is approximately $163,072.
None of the provided answer options match the calculated value. However, based on the calculation, the closest option is OA. $162,254.80.
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When must you wash your hands
Answer:
Before, during, and after preparing food. Before and after eating food. Before and after caring for someone at home who is sick with vomiting or diarrhea. Before and after treating a cut or wound.
wash your hands before and after always and preferably with antibacterial soap
design an approach that your team would recommend for Joseph and Nicholas to cover one area each that you deem necessary to aid in the planning and controlling functions
The combines strategic planning, performance measurement, effective communication, and continuous improvement to support Joseph and Nicholas in their planning and controlling functions. It ensures a well-defined direction, data-driven decision-making, collaboration, and a focus on growth and adaptability.
In order to aid in the planning and controlling functions, the following approach can be recommended to Joseph and Nicholas:
1. Establish Clear Objectives and Goals: The first step in planning is to establish clear objectives and goals for the team. It is important to have a clear understanding of what needs to be accomplished and what the team's priorities are.
2. Assign Responsibilities: Assigning specific responsibilities to team members helps to ensure that everyone is working towards a common goal. Joseph and Nicholas should each be assigned to cover one area that is necessary for planning and controlling functions. This will help to ensure that all aspects of the project are covered and that there is no overlap or duplication of efforts.
3. Develop a Schedule: Developing a schedule that outlines the key milestones and deadlines for the project is essential to effective planning and control. This will help to ensure that the project stays on track and that deadlines are met.
4. Monitor Progress: Regularly monitoring progress against the schedule and objectives is necessary to ensure that the project is progressing as planned. This will help to identify any issues or problems that arise and allow for corrective action to be taken.
5. Communicate: Effective communication is critical to the success of any project. Joseph and Nicholas should establish a regular communication schedule to ensure that everyone is up-to-date on the project's progress, any issues or problems that arise, and any changes to the schedule or objectives.
6. Make Adjustments: Finally, it is important to be flexible and make adjustments as needed. If the project is not progressing as planned, adjustments may be necessary to the schedule or objectives to ensure that the project stays on track and that goals are met.
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A financial analyst learns that the Bank of England has just issued a new bond that promises to pay £1,000 in one year’s time when it matures. If the market interest is 5% per year,
(a) Calculate the no-arbitrage price of the bond.
(b) If the bond is trading for £952.20 at the moment, what trading strategy should
the financial analyst follow?
(c) What do you think will happen to the bond’s price?
Please explain any formulas or theories used, thanks a lot!
Answer:
the price will go lower and I know how much it would be
The increase or decrease in owner's equity is reported on the
Question 9 options:
income statement.
statement of owner's equity.
balance sheet.
All of the above
Answer:
Statement of Owners' Equity
Explanation:
The Statement of Owners' Equity, also referred to as Statement of Stockholders' Equity, is a financial statement used to report the changes in the all of the equity accounts of a corporation. It also reports number of shares and any changes in a firm's preferred, common, and treasury stock that occurred during the year.
The Income Statement (also referred to as the Statement of Earnings) reports the net income or loss of a company for a specific period. It only reflects revenues and expense accounts of the firm, and not the equity accounts.
The Balance Sheet (also referred to as the Statement of Financial Position) reflects the assets, liabilities, and stockholders' equity accounts of a company as of a specific date. The information contained in its "Stockholders' Equity" section comes from the Retained Earnings Statement. However, the Balance Sheet does not provide the changes in the equity accounts of a company.
Therefore, the correct answer is Statement of Owners' Equity.
Principal: $1500
Interest rate: 6%
Date borrowed: July 25
Date repaid: January 15
Exact Time ?
Interest ?
Maturity Value ?
Note that given the principal, date, and interest above:
To calculate the interest, maturity value, and exact time for this loan, we need to know the number of days between the borrowing date (July 25) and the repayment date (January 15).
Number of days between July 25 and January 15:
July: 6 days remainingAugust: 31 daysSeptember: 30 daysOctober: 31 daysNovember: 30 daysDecember: 31 daysJanuary: 15 daysTotal number of days: 6 + 31 + 30 + 31 + 30 + 31 + 15 = 174 days
Using the principal of $1500 and an interest rate of 6%, we can calculate the interest and maturity value:
Interest: $1500 x 6% x (174/365) = $43.15
Maturity value: $1500 + $43.15 = $1543.15 (
To determine the exact time of repayment, we need to know the time of day when the loan was borrowed and repaid. Assuming that both transactions occurred at 12:00 PM noon, the exact time between July 25 and January 15 is:
174 days x 24 hours/day = 4176 hours
So the loan was repaid 4176 hours after it was borrowed.
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Question 3
5 pts
If a business invested $100,000 in stocks that returned 7%, how much could it expect to have in 10
years?
O $155,455
O $107.000
O $196,715
0 $1,096.715
Answer:
It's B $107.000
Disadvantages of stating well-defined corporate strategies in the annual report.
The fact that these reports are made public and anybody may read them is the biggest disadvantage of clearly outlining company strategies.
Some other disadvantage of stating well-defined corporate strategies in the annual report are-
Others could decide to proceed in the same path after observing your future plans, which would result in pricing and selling rivalry for you.Also others might examine the company's past to see whether it has ever paid dividends to its investors.Together with examining its most recent financial documents to determine the nature of its spending and previous revenues.As I've said before, they can have the biggest advantage by observing the direction the company is taking; you never know, they might be developing a "hit" product.What exactly is business strategy?Corporate strategy is a special long-term plan or framework created with the goal of outperforming rival market players while keeping both shareholder and consumer promises.
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Jones Corporation switched from the LIFO method of costing inventories to the FIFO method at the beginning of 2017. The LIFO inventory at the end of 20X0 would have been $80,000 higher using FIFO. Reported retained earnings at the end of 2016 were $1,750,000. Jones’s tax rate is 21%. Tax law requires a company using LIFO for tax purposes to use it for financial reporting as well. So, when Jones changes from LIFO to FIFO, it will have to do the same for tax purposes. Further, Jones must recognize taxable income equal to the amount by which it increases the inventory valuation when it makes the change. As a result, Jones will pay tax on an additional $80,000 of taxable income in 2017.
Required:
a. Calculate the balance in retained earnings at the time of the change (beginning of 2017) as it would have been reported had FIFO been previously used.
b. Prepare the journal entry to record the change in accounting principle at the beginning of 2017.
Answer:
a. Calculate the balance in retained earnings at the time of the change (beginning of 2017) as it would have been reported had FIFO been previously used.
$1,813,200b. Prepare the journal entry to record the change in accounting principle at the beginning of 2017.
Dr Inventory 80,000 Cr Income taxes payable 16,800 Cr Retained earnings 63,200Explanation:
inventory under FIFO would have been $80,000 higher, that means that COGS were overstated by $80,000 and net earnings were understated by $80,000.
retained earnings 2016 = $1,750,000
tax rate 21%
Dr Inventory 80,000
Income taxes payable 16,800
Retained earnings 63,200
Retained earnings = $1,750,000 + $63,200 = $1,813,200
When companies change from LIFO to FIFO, they must adjust their income statement and balance sheet in a prospective way because it will affect the future value of their accounts. But when a company changes from FIFO to LIFO, no adjustment is required.
If Emmett wants to pay off his student loan by making monthly payments
for 10 years, what type of repayment plan is best for him?
Standard repayment plan
O Extended repayment plan
O Income-driven repayment plan
O Graduated repayment plan
-Submit
Answer:
income driven
Explanation:
if he wants to make monthly payments, income driven is the best option because he would get paid monthly for what ever job, and then pay a percentage of that towards his student loan
Question 2 of 10
What is one benefit of buying preferred stocks?
A. Preferred stocks are easy to evaluate.
B. Preferred stocks are low risk.
C. Preferred stocks have a predictable long-term performance.
D. Preferred stocks tend to grow with the economy.
Preferred stocks have a predictable long-term performance. Option C
The benefit of buying preferred stocksPreferred stocks offer several benefits compared to common stocks, and one of them is their predictable long-term performance.
Preferred stocks typically have a fixed dividend rate, which means that the investors know in advance the amount of dividend they will receive. This predictability can be appealing to investors who prefer a stable income stream.
.
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Which business function consists of the given aspects?
Answer:
d
Explanation:
Becuuse when you read the qustion you see that it all led up to d
1. A firm which makes batteries selects a sample for examination. The procedure
used is that two random numbers are chosen, 5 and 8. Starting at the 5th battery,
every battery at an interval of 8 is then chosen for examination.
This type of sampling is known as
A Systematic
B Multi-stage
C Stratified
D Random
2. The essence of quota sampling is that:
A Each element of the population has an equal chance of being chosen
B Every nth member of the population is selected
C Every element of one definable sub-section of the population is selected
D None of the above
3. An accountant is selecting a sample of invoices for checking. The invoices are
numbered 8, 13, 18, 23 and 28. What sampling interval was the accountant
using?
A 5
B 8
C 10
D 18
4. Which of the following sampling methods require a sampling frame?
I Random
II Stratified
III Quota
IV Systematic
A I and III only
B I, II and III only
C I, II and IV only
D III only
5. Which of the following statements are not true?
I If a sample is selected using random sampling, it will be free from bias.
II A sampling frame is a numbered list of all items in a sample.
The correct answers are given below:
A. Systematic sampling.C. Every element of one definable sub-section of the population is selected.A. 5.C. I, II and IV only.II. A sampling frame is a list of all items in a population, not a sample.How can they be explained?The described sampling method involves selecting every nth item in a population after selecting a starting point at random. This is known as systematic sampling.
Quota sampling involves selecting a predetermined number of participants from different sub-groups of a population to ensure a representative sample. Each element in the sub-groups is not necessarily chosen, so C is the correct answer.
The sampling interval is the number of items between each selected item. In this case, the interval is 5 since there are 5 items between each selected invoice.
Random sampling and stratified sampling can both be done with or without a sampling frame. However, systematic sampling requires a sampling frame to select the starting point at random.
I is not true because even if a sample is selected randomly, bias can still be introduced if the sampling frame is not representative of the population. II is not true because a sampling frame is a list of all items in a population, not a sample.
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what is paying divedends to stockholders do?
Dividends are paid out by companies as a strategy to reward present stockholders and lure in new ones.
Owners of one or more shares of a company's capital stock are referred to as stockholders or shareholders. As a result of being seen as distinct from the corporation, an investor is only partially liable for its debts. Common stockholder is a term used to describe a person who owns shares of common stock in a firm. The corporation's board of directors is chosen by the company's common investors, who also cast ballots on specific decisions like the company's merger with another corporation. When a business succeeds more and more, common stockholders typically benefit financially. Some businesses also issue preferred stock along with common stock. Preferred stockholders are the people who own shares of preferred stock.
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10 principles of economics
The 10 principles of economics were given by Gregory Mankiw.
These principles are:
People face tradeoffs: it means that to get one thing, one has to give up on another thing.The cost of Something is What You Give Up to Get It: it refers to the opportunity cost you incur on doing something else. Rational people think at the margin: considering the marginal cost of the product.People Respond to Incentives Trade Can Make Everyone Better Off: trading helps a country in being self-sufficient and enjoying more goods and services. Markets Are Usually a Good Way to Organize Economic Activity. Governments Can Sometimes Improve Economic Outcomes: Government can intervene to allocate resources efficiently.The Standard of Living Depends on a Country's Production: the standard of living increases as the consumption of goods and services, increases.Prices Rise When the Government Prints Too Much Money: when there's a lot of money flowing the market, it will increase the demand for goods which will increase the cost of goods, ultimately leading to inflation.Society Faces a Short-Run Tradeoff Between Inflation and Unemployment.Learn more about "Principles of economics":
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Calculate the quick ratio or acid test ratio based on the information below: Total current assets 120 Total current liabilities 80 Inventory 55 Accounts receivable 35 Cash 30 Long-term debt 100
The quick ratio or acid test is : 0.81.
How to find the quick ratio or acid test?The quick ratio or acid test can be calculated by deducting the inventory for the current assets and the dividing it by current liabilities.
Now let find the the quick ratio or acid test using this formula
Quick ratio = Total current assets - Inventory / Total current liabilities
Where:
Total current assets = 120
Total current liabilities = 80
Inventory = 55
Let plug in the formula
Quick ratio or acid test = 120 - 55 /80
Quick ratio or acid test = 65/80
Quick ratio or acid test = 0.81
Therefore we can conclude that the Quick ratio or acid test is 0.81.
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This company's quick ratio (acid test ratio) is 0.8125. This shows that for every dollar of current liabilities, the company has 81.25 cents in liquid assets, which can be used to assess the company's capacity to pay short-term debt.
The quick ratio is a financial metric that helps to evaluate a company's short-term liquidity position. It's calculated by dividing the company's liquid assets (cash, accounts receivable, and marketable securities) by its total current liabilities. Here's the step-by-step calculation:
1. Identify the liquid assets: In this case, we have cash ($30) and accounts receivable ($35). Inventory is not considered a liquid asset for the quick ratio, so we don't include it.
2. Add up the liquid assets: Cash ($30) + Accounts receivable ($35) = $65
3. Identify the total current liabilities: In this case, it's $80.
4. Divide the liquid assets by the total current liabilities: Quick ratio = Liquid assets / Total current liabilities = $65 / $80 = 0.8125
So, the quick ratio (acid test ratio) for this company is 0.8125. This indicates that the company has 81.25 cents in liquid assets for every dollar of current liabilities, which can help determine the company's ability to meet its short-term obligations.
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Type the correct answer in the box. Spell all words correctly.
Identify the marketing positioning in play in the given scenario.
Ted runs a successful cafeteria where he serves pies and coffee. His aim is to serve the world’s best pies that remind his customers of the kind of pies they used to have in their childhood. His thinks of a tagline called “Pies that take you home”.
Ted’s tagline is a , which communicates the brand’s promise to its customers.
The marketing positioning in play is the tagline. Since Ted thinks of a tagline called “Pies that take you home”. Ted’s tagline is a advert. (brief phrase), which communicates the brand’s promise to its customers.
What is a brand promise tagline?The tagline's image conveys to customers the promise made by the company. When consumers connect with a brand, a brand promise outlines what they can anticipate from it each time.
Note that the tagline is a succinct statement that conveys the values of a company. To leave a lasting impression on customers, businesses utilize taglines in marketing campaigns. Without addressing the goods or services they provide, taglines provide consumers with information about the firm as a whole.
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Income Statement with Variances Alvarado Company produces a product that requires 3.0 standard pounds per unit at a standard price of $6.00 per pound. The company used 23,900 pounds to produce 8,000 units, which were purchased at $6.20 per pound. Each unit requires 7.5 standard direct labor hours per unit at a standard hourly rate of $22.50 per hour. For the 8,000 units produced, 60,200 hours were needed and employees were paid an hourly rate of $21.95 per hour. The company uses a standard variable overhead cost per unit of $1.45 per direct labor hour. Actual variable factory overhead was $85,900. The company uses a standard fixed overhead cost per unit of $2.00 per direct labor hour at 55,000 hours, which is 100% of normal capacity. Prepare an income statement through gross profit for Alvarado Company for the month ended March 31. Assume Alvarado sold 8,000 units at $250 per unit. For those boxes in which you must enter subtractive or negative numbers use a minus sign. If an amount box does not require an entry, leave it blank. Alvarado Company Income Statement Through Gross Profit For the Month Ended March 31 Line Item Description Amount Unfavorable Amount Favorable
The preparation of an income statement through gross profit for Alvarado Company for the month ended March 31 is as follows:
Alvarado Company
Income Statement Through Gross ProfitFor the Month Ended March 31
Sales $2,000,000
Cost of goods sold at standard 1,701,000
Gross profit-at standard $299,000
Variances from standard cost:
Direct materials price $4,780 Favorable
Direct materials quantity -600 Unfavorable
Direct labor rate 33,110 Favorable
Direct labor time -4,500 Unfavorable
Factory overhead controllable -1,100 Unfavorable
Factory overhead volume -10,000 Unfavorable
Net variances from standard costs = $21,690 Favorable
Actual gross profit = $320,690
What is cost variance?Cost variance refers to the computed difference between the standard cost and the actual cost.
The price variance and quantity variance make up the total cost variance.
Production costs consist of direct materials and labor, and variable and fixed costs.
Standard Actual
Pounds per unit 3.0 2.9875 (23,900/8,000)
Direct Materials 24,000 23,900 pounds
Material price per pound $6.00 $6.20
Direct materials cost $144,000 $148,180
Direct labor hours per unit 7.5 7.525 (60,200 ÷ 8,000)
Hourly rate $22.50 $21.95
Variable overhead cost $1.45 $1.4269 ($85,900 ÷ 60,200)
Total variable overhead $87,290 $85,900
Fixed overhead cost $2.00
Fixed overhead direct hours 55,000 60,200
Total fixed overhead costs $110,000 $
Sales revenue = $2,000,000 ($250 x 8,000)
Variances from standard cost:Direct materials price $4,780 ($6.00 - $6.20 x 23,900)
Direct materials quantity -600 (24,000 - 23,900 x $6)
Direct labor rate 33,110 ($22.50 - $21.95 x 60,200)
Direct labor time -4,500 [(60,000 - 60,200) x $22.50]
Factory overhead controllable -1,100 ($1.45 x 60,000 - $85,900)
Factory overhead volume -10,000 [(55,000 - 60,000) x $2]
Net variances from standard costs = $21,690
Gross profit = $320,690 ($299,000 + $21,690)
Cost of goods sold:Direct materials $144,000 ($6.00 x 24,000)
Direct labor 1,350,000 ($22.50 x 60,000)
Variable overhead 87,000 (60,000 x $1,45)
Fixed overhead 120,000 (60,000 x $2)
Cost of goods sold $1,701,000
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Explain the core functions of organizational culture.
The core functions of organizational culture are to provide a shared identity and guidelines for behavior, shape employee motivation and productivity, and influence organizational performance and interactions with stakeholders.
Organizational culture refers to the shared values, beliefs, attitudes, and practices that shape the behavior of individuals within a company. Its core functions are to create a sense of identity and unity among employees, provide guidelines for behavior, and help employees understand the organization's mission and goals. Culture also affects employee motivation, engagement, and productivity.
It influences the recruitment and retention of employees, shapes the way decisions are made, and determines how the organization interacts with stakeholders. Effective organizational culture fosters innovation, collaboration, and adaptability, while a negative culture can lead to high turnover, low productivity, and poor performance.
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