Answer:
House with lower premiums for flood insurance -- house built on Mesa in Arizona.
Location more likely to experience flooding --- Louisiana coast which is below sea level.
Explanation:
Insurances provides a protection in exchange for a amount of fee known as a premium. An insurance is a policy or an agreement where the person availing the policy gets a financial protection against the calamities or losses that occurs to the person as promised by the other party. But for that the person needs to a pay a fee called as the premium to the other party.
In the context, the house which is built on the mesa, which is a high desert plateau in Arizona is less prone to floods. Since the location of the house is in a high altitude place, it is less likely to experience floods as compared to the other place in Louisiana coast which is below sea level and is more likely to experience flooding because of its location near the coast and elevation.
Therefore, the house located in Arizona will have to pay lower premiums for flood as there will be less likely to occur flood in the region of the high elevation of the place.
And since house built on Louisiana coast is below sea level, it will more likely to experience floods.
Do you think that some people have difficulty talking to others face-to-face because of how prevalent texting is today? When you have an issue that you need to discuss with someone, do you prefer to sit down and talk it out, handle it through texting or social media, or some other form of written communication? Write your response to the following questions in a 5-7 sentence paragraph below (Please help asap)
Granite Enterprises acquired a patent from Southern Research Corporation on January 1, 2021, for $4.1 million. The patent will be used for five years, even though its legal life is 20 years. Rocky Corporation has made a commitment to purchase the patent from Granite for $180,000 at the end of five years. Compute Granite's patent amortization for 2021, assuming the straight-line method is used.
Answer:
the patent amortization expense for the year 2021 is $231,000
Explanation:
The computation of the patent amortization is shown below:
= (Acquired value of the patent - ending value) ÷ legal life
= ($4,800,000 - $180,000) ÷ 20 years
= $231,000
We simply applied the above formula so that the correct value could come
Hence, the patent amortization expense for the year 2021 is $231,000
Such factors as having one's own tools and workplace, having a number of customers, setting one's own work schedule and having the power to determine how a job will be carried out indicate that this person is likely:_______.
a. An employee An incidental employee
b. An employee by ratification
c. A gratuitous employee
d. An independent contractor
Answer:
d. An independent contractor
Explanation:
The factors mentioned in the question above refer to an independent contractor, that is, a worker who is self-employed and controls his own work that is not regulated by an employer.
An independent contractor has the autonomy and freedom to coordinate his work according to his own needs, that is, he can offer his service to a clientele choosing his place of work, schedule and the power to finish how the work will be done.
Some examples of independent contractors may be entrepreneurs, lawyers, doctors, dentists, traders, etc.
Petty Cash Fund Entries
Journalize the entries to record the following:
Check No. 12-375 is issued to establish a petty cash fund of $500.
The amount of cash in the petty cash fund is now $40. Check No. 12-476 is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $212; miscellaneous selling expense, $156; miscellaneous administrative expense, $61. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $500, record the discrepancy in the cash short and over account.)
Petty Cash Fund Entries
Journalize the entries to record the following:
Check No. 12-375 is issued to establish a petty cash fund of $500.
The amount of cash in the petty cash fund is now $40. Check No. 12-476 is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $212; miscellaneous selling expense, $156; miscellaneous administrative expense, $61. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $500, record the discrepancy in the cash short and over account.)
a. Journalize the entry to establish the petty cash fund. If an amount box does not require an entry, leave it blank.
b. Journalize the entry to replenish the petty cash fund. If an amount box does not require an entry, leave it blank.
Answer:
A. Dr Petty cash fund $500
Cr Cash $500
B. Dr Office supplies expenses $212
Dr miscellaneous selling expense $156
Dr miscellaneous administrative expense $61
Dr Cash short and over 31
Cr Petty cash fund $460
Dr Petty cash fund $460
Cr Cash $460
Explanation:
A. Preparation of the journal entry to establish the petty cash fund.
Dr Petty cash fund $500
Cr Cash $500
(To establish the petty cash fund)
B. Preparation of the journal entry to replenish the petty cash fund.
Dr Office supplies expenses $212
Dr miscellaneous selling expense $156
Dr miscellaneous administrative expense $61
Dr Cash short and over 31
($500-$212+$156+61+$40)
Cr Petty cash fund $460
($212+$156+$61+$31)
(To replenish the petty cash fund)
Dr Petty cash fund $460
($212+$156+$61+$31)
Cr Cash $460
Suppose the Digby company shifts focus to only competing in the Thrift and Nano segments, while competing on price by reducing costs and passing the savings to the customers, what strategy would they be implementing
Answer:
Niche cost leader strategy
Explanation:
In simple words, A niche cost pioneer or leader aims to exploit consumer markets that are price responsive. Its objective is to undercut all rivals' costs while remaining sustainable. Under this business strategy, the producer try to create a strong customer base by offering lower prices as it is the best motivation for the customer to try a specific product.
Thus, from the above we can conclude that the correct answer is niche cost leader.
In 2019, Henry Jones (Social Security number 123-45-6789) works as a freelance driver, finding customers using various platforms like Uber and Grubhub. He is single and has no other sources of income. In 2019, Henry's qualified business income from driving is $61,200. Assume Henry takes the standard deduction of $12,200. Click here to access the 2019 individual tax rate schedule to use for this problem. Assume the QBI amount is net of the self-employment tax deduction.
Required:
a. Compute Henrys QBI deduction and his tax liability for 2019.
b. Complete Henry's 2019 Form 8995 (Qualified Business Income Deduction Simplified Computation).
Answer:
a. QBI Deduction = $9,800
Tax liability = $4,510
Explanation:
a. The BI deduction in 2019 was 20% of the qualified business income in excess of the standard deduction:
QBI deduction = (61,200 - 12,200) * 20%
= $9,800
We then use this to find the taxable income:
= Qualified business income - standard deduction - QBI deduction
= 61,200 - 12,200 - 9,800
= $39,200
Tax liability for a single person in 2019 as shown by the attached file is:
= 970 + 12% * (39,200 - 9,700)
= 970 + 3,540
= $4,510
b. Form not attached but the main item should be the taxable income which is calculated above.
Coronado Company is authorized to issue 9000 shares of 9%, $100 par value preferred stock and 522000 shares of no-par common stock with a stated value of $1 per share. If Coronado issues 4500 shares of preferred stock for land with an asking price of $571000 and a market value of $547000, which of the following would be the journal entry for Coronado to record?
(a) Land 571000
Preferred Stock 450000
Paid-in Capital in Excess of Par-Preferred 121000
(b) Land 547000
Preferred Stock 450000
Paid-in Capital in Excess of Par-Preferred 97000
(c) Land 450000
Preferred Stock 450000
(d) Land 547000
Preferred Stock 547000
Answer:
(b) Land 547000
Preferred Stock 450000
Paid-in Capital in Excess of Par-Preferred 97000
Explanation:
The journal entry is shown below;
Land $547,000
To Preferred stock $450,000 (4,500 shares × $100)
To Paid in capital, in excess of par- preferred $97,000
(being the preferred stock is issued in exchange of land)
Here the land is debited as it increased the asset and credited the preferred stock & paid in capital as it increased the equity
Therefore the correct option is b.
One out of every ten jobs falls into the marketing category.
True
False
Answer:
true
Explanation:
one out of every ten jobs falls into the marketing category
Describe the life cycle of a product and explain profitability and sales volume at each stage
Answer:
Product Life Cycle: Overview
The product life cycle (PLC) describes a product's life in the market with respect to business/commercial costs and sales measures. It proceeds through multiple phases, involves many professional disciplines and requires many skills, tools and processes.
This is not to say that product lives cannot be extended – there are many good examples of this – but rather, each product has a ‘natural’ life through which it is expected to pass.
The stages of the product life cycle are:
Introduction
Growth
Maturity
Decline
PLC management makes these three assumptions:
Products have a limited life and, thus, every product has a life cycle.
Product sales pass through distinct stages, each of which poses different challenges, problems and opportunities to its parent company.
Products will have different marketing, financing, manufacturing, purchasing and human resource requirements at the various stages of its life cycle.
The product life cycle begins with the introduction stage (see ). Just because a product successfully completes the launch stage and starts its life cycle, the company cannot take its success for granted.
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Product Development and Product Life Cycle: The Product Life Cycle follows directly after new product development.
A company must succeed at both developing new products and managing them in the face of changing tastes, technologies and competition. A good product manager should find new products to replace those that are in the declining stage of their life cycles; learning how to manage products optimally as they move from one stage to the next.
Product Lifecycle Management Stage 1: Market Introduction
This stage is characterized by a low growth rate of sales as the product is newly launched and consumers may not know much about it. Traditionally, a company usually incurs losses rather than profits during this phase. Especially if the product is new on the market, users may not be aware of its true potential, necessitating widespread information and advertising campaigns through various media.
However, this stage also offers its share of opportunities. For example, there may be less competition. In some instances, a monopoly may be created if the product proves very effective and is in great demand.
Characteristics of the introduction stage are:
High costs due to initial marketing, advertising, distribution and so on.
Sales volumes are low, increasing slowly
There may be little to no competition
Demand must be created through promotion and awareness campaigns
Customers must be prompted to try the product.
Little or no profit is made owing to high costs and low sales volumes
Growth
During the growth stage, the public becomes more aware of the product; as sales and revenues start to increase, profits begin to accrue.
Explanation:
Quelle è il articolo che parla dalla ugualianza
According to the results of the 2019 expatriate survey, which of the following most accurately describes he current state of HRM efforts o staff international operations?
A. more women are accepting international assignments
B. people without family or kids are less successful in international assignments.
C. third-country nationals are quickly being replaced y localized expatriates.
Answer:
Option A is the accurate option.
Explanation:
Employers would be assigned to foreign employment, and therefore more women than ever are being sent overseas.The trend has always been rising throughout the Asia-Pacific region especially Northern America has been seeing substantial growth throughout this phenomenon or development.The other choices aren't related to the given scenario. So the above is the appropriate solution.
Converse Company reported net income of $200,000 in 2020. Depreciation expense was $15,000 and amortization expense on patents was $2,500 in 2020. In addition, the balance sheet reported the following balance changes during 2020.
Decrease in accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,000
Increase in debt investments classified as available-for-sale securities. . . . .4,500
Decrease in prepaid expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000
Decrease in accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,000
Increase in accrued expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,500
Decrease in short-term nontrade notes payable . . . . . . . . . . . . . . . . . . . . . . .8,000
Net Cash provided by operating activities was:______.
Answer:
net cash flow from operating activities $221,000
Explanation:
The computation of the Net Cash provided by operating activities are as follows;
Cash flows from operating activities
Net income $200,000
Add: depreciation expense $15,000
Add: amortization expense is $2,500
Add: decrease in account receivable $5,000
Add decrease in prepaid expense $2,000
Less decrease in account payable -$8,000
Add increase in accrued expense $4,500
net cash flow from operating activities $221,000
You sold two EUR futures contract at the closing price on 3/01. Each EUR futures contract requires the delivery of EUR125,000. Suppose, the initial and maintenance margin for each EUR futures contract are $1,500 and $1,000, respectively. Assume that you do not withdraw from your margin account during this period, but that you do meet your margin calls if you get any
Date 3/01 3/02 3/03 3/04
EUR Spot Price $1.3579 $1.3527 $1.3588 $1.3580
July EUR Futures Contract Price $1.3750 $1.3782 $1.3827 $1.3713
The profit / loss posted to your account at the close of 3/02 is ______
Answer:
What
Explanation:
Ahsan Company makes 60,000 units per year of a part it uses in the products it manufactures. The unit product cost of this part is computed as follows: Direct materials $12.60 Direct labor 17.20 Variable manufacturing overhead 4.10 Fixed manufacturing overhead 15.00 Unit product cost $48.90 An outside supplier has offered to sell the company all of these parts it needs for $69.70 a unit. If the company accepts this offer, the facilities now being used to make the part could be used to make more units of a product that is in high demand. The additional contribution margin on this other product would be $319,600 per year. If the part were purchased from the outside supplier, all of the direct labor cost of the part would be avoided. However, $4.30 of the fixed manufacturing overhead cost being applied to the part would continue even if the part were purchased from the outside supplier. This fixed manufacturing overhead cost would be applied to the company's remaining products. How much of the unit product cost of $48.90 is relevant in the decision of whether to make or buy the part? Multiple Choice $44.60 $17.20 $69.70
Answer:
Ahsan Company
Only $44.60 of the unit product cost of $48.90 is relevant in the decision of whether to make or buy the part.
Explanation:
a) Data and Calculations:
Annual units of parts produced = 60,000
Unit product costs:
Direct materials $12.60
Direct labor 17.20
Variable manufacturing overhead 4.10
Fixed manufacturing overhead 15.00
Unit product cost $48.90
Outside supplier's offer price per unit = $69.70
Relevant /avoidable costs:
Direct materials $12.60
Direct labor 17.20
Variable manufacturing overhead 4.10
Fixed manufacturing overhead 10.70
Unit product cost $44.60
Opportunity cost ($319,600/60,000) 5.33
Total avoidable/relevant costs/unit $49.93
Sheryls's business sells a single product. The following information was gathered from Sheryls's records: Price $97.00 per unit Variable costs are 67% of sales price The company's fixed costs are $400,000 annually Current sales total is 16,000 units Target profit before tax $33,000 Budgeted sales total is 15,000 units How many units does Sheryls's business need to sell to break even
Answer:
12,497 units
Explanation:
Break even unit = Fixed Cost ÷ Contribution per unit
= $400,000 ÷ $97.00 x 33%
= 12,497 units
Sheryls's business need to sell 12,497 units to break even
Assume that, on January 1, 2021, Matsui Co. paid $2,958,000 for its investment in 87,000 shares of Yankee Inc. Further, assume that Yankee has 290,000 total shares of stock issued. The book value and fair value of Yankee's identifiable net assets were both $580,000 at January 1, 2021. The following information pertains to Yankee during 2021:
Net income $290,000
Dividends declared and paid $87,000
Market price of common stock on 12/31/2021 $36 /share
Required:
What amount would Matsui report in its year-end 2021 balance sheet for its investment in Yankee?
Answer: $3,018,900
Explanation:
Amount to report is:
= Cost of investment + Share of Net income - Share of dividends
Share of Net income
= Percentage ownership * Net income
= 87,000 shares / 290,000 * 290,000
= $87,000
Share of Dividends
= 87,000 / 290,000 * 87,000
= $26,100
Amount to report:
= 2,958,000 + 87,000 - 26,100
= $3,018,900
Suppose that in your first year of college you spend $31,300.00 more than you eam. In your second year, your expenses increase a bit, leading you to spend $31.900.00 more than you earn. This gap goes to $32.150.00 in your third year of college, then falls a bit to $32,150.00 in your fourth and final year ist attempt What is your deficit in your third year of college? s s How much debt do you have that year? S
Answer: See explanation
Explanation:
Based on the information provided in the question, the deficit in the 3rd year of college will be: = $32,150
The total debt that one owes in the 3rf year will then be the addition of the debts from the 1st to the 3rd year and this will be:
= $31,300 + $31,900 + $32,150
= $63,232
Answer:
1. $32,150
2. $95,350
Explanation:
The deficit in the third year is given in the introduction: $32,150
The deficit measures how expenditures in a given year match up with earnings, whereas the debt is the total accumulation of deficits.
The debt after your third year is the sum of the deficits from your first three years: $31,300 + $31,900 + $32,150 = $95,350
Journalize the following transactions in the accounts of Zippy Interiors Company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivables:
May 24 Sold merchandise on account to Old Town Cafe, $19,400. The cost of goods sold was $14,000.
Sept. 30 Received $4,100 from Old Town Cafe and wrote off the remainder owed on the sale of May 24 as uncollectible.
Dec. 7 Reinstated the account of Old Town Cafe that had been written off on September 30 and received $15,300 cash in full payment.
Answer:
Zippy Interiors Company
Journal Entries:
May 24 Debit Accounts receivable (Old Town Cafe) $19,400
Credit Sales revenue $19,400
To record the sale of goods on account.
Debit Cost of goods sold $14,000
Credit Inventory $14,000
To record the cost of goods sold.
Sept. 30 Debit Cash $4,100
Debit Allowance for Uncollectible Accounts $15,300
Credit Accounts receivable (Old Town Cafe) $19,400
To record the receipt of cash and write-off of balance as uncollectible.
Dec. 7 Debit Accounts receivable (Old Town Cafe) $15,300
Credit Allowance for Uncollectible Accounts $15,300
To revise the previously written-off uncollectible account.
Debit Cash $15,300
Credit Accounts receivable (Old Town Cafe) $15,300
To record the receipt of cash in full settlement of account.
Explanation:
a) Data and Calculations:
May 24 Accounts receivable (Old Town Cafe) $19,400 Sales revenue $19,400 Cost of goods sold $14,000 Inventory $14,000
Sept. 30 Cash $4,100 Allowance for Uncollectible Accounts $15,300 Accounts receivable (Old Town Cafe) $19,400
Dec. 7 Accounts receivable (Old Town Cafe) $15,300 Allowance for Uncollectible Accounts $15,300
Cash $15,300 Accounts receivable (Old Town Cafe) $15,300
A business owner decides to give all her employees a living wage and benefits, including any new employees.
Which social responsibility stance did the business owner demonstrate?
Answer:
Proactive stance.
Explanation:
In Business management, social responsibility can be defined as an organization's obligation to act in a manner that benefits and adds significant value to the society and the people, usually as it conducts its business operations.
Hence, in addition to making profits and maximizing shareholders, organizations are required to lessen negative environmental impact or degradation and provide social amenities such as pipe-borne water, electricity, roads etc. It is also referred to as corporate social responsibility (CSR).
In this scenario, a business owner gave all her employees a living wage and benefits, which is also applicable to any new employees. Thus, the social responsibility stance which the business owner demonstrate is proactive stance.
A proactive stance can be defined as voluntary business practices adopted by an organization or business firm beyond the standard regulatory practice, so as to actively enhance and facilitate growth and development in a society.
Maestro Inc has a $1,000, 6% coupon bond with interest payable semiannually and a remaining term of 20 years. The market yield on similar bonds is 10%. What percentage of face value is the bond selling for today
Answer:
65.682%
Explanation:
The computation of the percentage is shown below;
But before that first determine the present value i.e.
Given that
Future value = $1,000
PMT = $1,000 × 6% ÷ 2 = $30
RTAE = 10% ÷ 2 = 5%
NPER = 20 × 2= 40
the formula is shown below;
= -PV(RATE,NPER,PMT,FV,TYPE)
After applying the above formula, the present value is $656.82
Now the percentage is
= $656.82 ÷ $1,000
= 65.682%
why do conduction band electrons posses very high energy's.h
Just because of band gap. The forbidden energy gap keeps the conduction band at high energy by an amount to equal to band gap energy from the valence band edge. If you compare energies of electrons present in conduction band and valence band, they significantly differ by an amount equal to band gap energy. The low energy electron presents in a valence band requires an energy equal to band gap energy to excite to conduction band. Consequently, the electrons present in conduction band possess high energy compared to electrons present in valence band. At absolute zero K, the low energy states present in valence band are usually completely occupied where as the high energy states present in the conduction band are unoccupied.
The Laramie Factory produces expensive boots. It has two departments that process all the items. During January, the beginning work in process in the tanning department was 40% complete as to conversion and 100% complete as to direct materials. The beginning inventory included $6,000 for materials and $18,000 for conversion costs. Ending work-in-process inventory in the tanning department was 40% complete. Direct materials are added at the beginning of the process. Beginning work in process in the finishing department was 60% complete as to conversion. Beginning inventories included $7,000 for transferred-in costs and $10,000 for conversion costs. Ending inventory was 30% complete. Additional information about the two departments follows: Tanning Finishing Beginning work-in-process units 5,000 4,000 Units started this period 14,000 ? Units transferred this period 16,000 18,000 Ending work-in-process units ? 2,000 Material costs added $18,000 ? Conversion costs 32,000 $19,000 Transferred-out cost 50,000 ?
Required: Prepare a production cost worksheet using weighted-average costing for the finishing department.
Answer:
The Laramie Factory
Finishing Department
Production Cost Worksheet, using weighted-average costing
Cost assigned to: Materials Conversion Total
Units transferred out $66,348 $28,062 $94,410
Ending work in process 7,372 935 8,307
Total cost accounted for $73,720 $28,997 $102,717
Explanation:
a) Data and Calculations:
Materials Conversion
Tanning Finishing Tanning Finishing
Beginning work in process 100% 100% 40% 60%
Cost of beginning WIP $6,000 $7,000 $18,000 $10,000
Ending work in process 100% 100% 40% 30%
Additional information:
Tanning Finishing
Beginning work-in-process units 5,000 4,000
Units started this period 14,000 16,000
Units transferred out this period 16,000 18,000
Ending work-in-process units 3,000 2,000
Materials Conversion
Tanning Finishing Tanning Finishing
Beginning work in process 100% 100% 40% 60%
Beginning work in process done this period 60% 40%
Ending work in process 100% 100% 40% 30%
Cost of beginning WIP $6,000 $7,000 $18,000 $10,000
Costs added 18,000 $66,720 32,000 19,000
Total costs of production $24,000 $73,720 $50,000 $29,000
Transferred-out cost
Equivalent units
Materials Conversion
Tanning Finishing Tanning Finishing
Units started and completed 16,000 18,000 16,000 18,000
Ending work-in-process units 3,000 2,000 1,200 600
Equivalent units of production 19,000 20,000 17,200 18,600
Cost per equivalent units Materials Conversion
Tanning Finishing Tanning Finishing
Total cost of production $24,000 $73,720 $50,000 $29,000
Equivalent units of production 19,000 20,000 17,200 18,600
Cost per equivalent unit $1.263 $3.686 $2.907 $1.559
Tanning Department
Cost assigned to: Materials Conversion Total
Units transferred out $20,208 $46,512 $66,720
Ending work in process 3,789 3,488 7,277
Total costs $23,997 $50,000 $73,997
Finishing Department
Cost assigned to: Materials Conversion Total
Units transferred out $66,348 $28,062 $94,410
Ending work in process 7,372 935 8,307
Total cost accounted for $73,720 $28,997 $102,717
has a standard of 2 direct labor hours per unit. The standard wage rate of each worker is $32.50 per hour. In July, the company produced 4,770 units and paid workers $190,000 for a total of 8,940 direct labor hours. Compute the direct labor efficiency variance.
Answer:
$130 Favourable
Explanation:
Given the above information,
Standard hours = 2 × 4770 = 9,540
Actual hours = 8,940
Standard rate = $32.50
Then, Direct labor efficiency variance is computed as
= ( Standard hours allowed for production - Actual hours taken) × Standard rate per direct labor hour
= [(2 × 4,770) - 8,940] × $32.50
= [9,540 - 8,940] × $32.50
= 600 × $32.50
= $130 Favourable
Choose all of the fluctuations in the business cycle that could experience a negative output gap.
A)
expansion
B)
peak
C)
prosperity
D)
recession
E)
trough
Answer :A, D, and E
Explanation:
The right answers on USATestPrep
Expansion, recession, and trough are the fluctuations in the business cycle that could experience a negative output gap. Therefore options A, D, and E are correct.
What is the output gap?The difference between real GDP or actual production and prospective GDP is known as the GDP gap or the output gap, and it is used to measure the present economic situation relative to the business cycle. The production gap is a key macroeconomic policy indicator (in particular in the context of EU fiscal rules compliance).
The GDP gap is a controversial idea, especially because the potential GDP is not an observable metric and is frequently computed from historical GDP statistics, which might result in systemic downward biases.
A chronic, wide production gap has detrimental effects on a nation's labor market, long-term economic potential, and public finances, among other things. First, since production gaps show that employees who would prefer to work are instead idle because the economy is not generating capacity, the labor market will underperform for a longer period of time. An unemployment rate of 7.3% in October 2013 shows the slack in the US job market, compared to an average yearly rate of 4.6% in 2007 when the worst of the crisis hit.
To learn more about the output gap follow the link.
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In a closed economy, saving and investment must be equal, but this is not the case in an open economy. In the following problem, you will explore how saving and investment are connected to the international flow of capital and goods in an economy. Before delving into the relationship between these various components of an economy, you will be asked to recall some relationships between aggregate variables that will be useful in your analysis.
Recall the components that makeup GDP. National income (Y) equals total expenditure on the economy's output of goods and services. Thus, where C= consumption, I= investment, G =government purchases, X=exports, M =imports, and NX= net exports.
Y= _____
Also, national saving is the income of the nation that is left after paying for _____. Therefore, national saving (S) equals:
S=_____
Rearranging the previous equation and solving for Y yields, Y= _____ Plugging this into the original equation showing the various components of GDP results in the following relationship:
S=_____
Answer:
Y = C + I + G + NX
S = Y - C
S = I + G + NX
Explanation:
National Income Y = C + I + G + NX ; {where consumption, investment, government purchases, net exports ie exports - imports are corresponding expenditure of households, firms, government, rest of the world}
National Saving (S) is income (Y) left after paying for consumption (C) . So, S = Y - C
Using above equations, Y = C + S , Y = C + I + G + NX
C + S = C + I + G + NX
So, S = I + G + NX
Journalize the following transactions, using the allowance method of accounting for uncollectible receivables
Mar. 17: Received $2,700 from Keith MacPhearson and wrote off the remainder owed of $6,370 as uncollectible.
Mar. 17 July 29: Reinstated the account of Keith MacPhearson and received $6,370 cash in full payment.
Answer:
Journal entry
Date Account & Explanation Debit Credit
Mar 17. Cash $2,700
Allowance for doubtful accounts $6370
Account receivable $9,070
Jul 29 Account receivable $6,370
Allowance for doubtful accounts $6,370
(To record amount reinstated)
Cash $6,370
Account receivable $6,370
(To record amount received)
Hamby transfers a capital asset in exchange for a one-half interest in Hartsville LLC. The asset has an adjusted basis to Hamby of $20,000 and a fair market value of $55,000.
Hamby has a $_____________ realized gain on the exchange. Hamby's basis for his LLC interest is $______. The LLC's holding period for the capital asset carries over from Hamby . The LLC’s basis for the contributed property is $____________.
Answer: a. $35000
b. $20000
c. $20000
Explanation:
a. The realized gain will be:
= Fair market value - Adjusted basis
= $55000 - $20000
= $35000
b. The basis for LLC Interest will be will be thesame as the adjusted basis which will be $20000
c. The LLC basis for the contributed property will be $20000 as it's the cost of the adjusted basis .
=
What are the advantages of electronic communication
Answer:
IT HEPLS TO SOLVE ECONOMIC PROBLEMS ABOUT TRADITIONAL SUPERSTATION
Answer:
1. It is cheap
2. Ease of access and long term storage
3. Mobility in information transfer
4. Speedy communication
Explanation:
1. Communication over electronic media is very cheap and economical. Messaging via mobile devices can be done at little or no cost. Very important and urgent information can be disseminated through text or phone calls. This eliminates the cost of transportation.
2. You can save any information you receive or send easily for retrieval in future. The user can choose to store the messages temporarily or permanently. He can decide to print or store in files or hard disks.
3.Electronics communication involves the use of mobile devices such as phones, laptops and tablets for communication. You can carry these devices around easily, hence the portability in information and messaging.It makes it possible for people to stay in touch with their colleagues, friends and family anywhere and anytime.This channel of communication is a very big booster in the productivity of people who work online. They can do their jobs anywhere even when they are on vacation, inside the train, on a bus and anywhere you can think of.
4.Electronic communication is very fast. It offers users the opportunity to message and share information, multimedia messages and other information files within a blink.Instant messaging is very beneficial as people can now get information on the go.The quickness of important information can save lives and properties. Electronic Communication is very useful in security. You can use it as a means to create awareness about danger and people will be on the know within a matter of seconds.
A 10-year, 10.00%, $5,000 bond that pays dividends quarterly can be purchased for $4,610.
This means that $4,610 is spent on the bond now. Every quarter, $125.00 is provided to the purchaser as the dividend. After 10 years, $5,000 is given to the purchaser.
If the bond is purchased and pays as scheduled, which of the following ranges of effective rate of return will the purchaser receive?
a. 11.00% - 12.00%
b. 10.00% - 10.50%
c. 12.01% - 14.01%
d. 10.50% - 10.75%
Answer: a. 11.00% - 12.00%
Explanation:
We can find the rate using Excel.
Payments are quarterly so we need to adjust the variables to quarterly figures:
Period = 10 years * 4 = 40 quarters
Present value = $4,610 (should be a negative number)
Future value = $5,000 at maturity
The effective rate will be 2.9% as shown in the attachment.
This is a quarterly figure so convert it to annual:
= 2.9 * 4
= 11.6%
It is between 11% and 12%
difference between manager and management
Answer:
The main difference between the two is that leaders have people that follow them, while managers have people who simply work for them.
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