1. Which of the following statements explains why the demand curve in the loanable funds market slopes downward? *
1 point
As the real interest rate increases, lenders are willing to lend more money
As the real interest rate decreases, lenders are willing to lend more money
As the real interest rate increases, borrowers are willing to borrow more money
As the real interest rate increases, borrowers are willing to borrow less money
None of these explanations is appropriate.

Prepaid (deferred) expenses adjustments LO P1 For each separate case below, follow the three-step process for adjusting the supplies asset account at December 31. nts
Step 1: Determine what the current account balance equals
Step 2: Determine what the current account balance should equal.
Step 3: Record the December 31 adjusting entry to get from step 1 to step 2.
Skipped Assume no other adjusting entries are made during the year eBook
a. The Supplies account has a $360 debit balance to start the year. No supplies were purchased during the current year. A December 31 physical count shows $140 of supplies remaining.
Hint Supplies
Step 1: Determine what the current account balance equals.
Print Step 2: Determine what the current account balance should equal.
eferences Step 3: Record the December 31, adjusting entry to get from step 1 to step 2
b. The Supplies account has an $950 debit balance to start the year. Supplies of $2,400 were purchased during the current year and debited to the Supplies account. A December 31 physical count shows $725 of supplies remaining. Supplies
Step 1: Determine what the current account balance equals
Step 2: Determine what the current account balance should equal.
Step 3 Record the December 31, adjusting entry to get from step 1 to step 2

Here are a series of Mondelēz’s publicly announced objectives for enhancing sustainability:
Reducing production waste to landfill sites by 60 percent
Reducing our energy and GHG in manufacturing
Educating employees to reuse water and improve processes
Reducing the impact of our operations
Addressing child labor in the cocoa supply chain
Reducing packaging material
Eliminating 50 million pounds of packaging material
Buying certified commodities
Which of these are best considered strategic plans? Tactical plans? Operational plans? Which ones might qualify as programs? Projects? Policies? Be sure to explain your reasoning for each item.

Managers have to consider several contingencies when deciding on the best arrangements for their organizations. One such contingency is the organization's environment, and managers must determine whether a mechanistic or an organic structure will work better under their particular circumstances. This activity is important because the type of organizational structure chosen can be critical to an organization's success. The goal of this exercise is to test your knowledge of the characteristics of these two different organizational structures. Select the most appropriate category (mechanistic or organic structure) for each step of the characteristics of organizations.
1. Few rules and procedures (Click to select)
2. Narrow span of control (Click to select)
3. Specialized tasks (Click to select)
4. Many teams or task forces (Click to select)
5. Many rules and procedures (Click to select)
6. Decentralized hierarchy of authority (Click to select)
7. Flatter structure (Click to select)
8. Informal communication (Click to select)
9. Taller structure (Click to select)
10. Centralized hierarchy of authority (Click to select)
11. Wider span of control (Click to select)
12. Shared tasks (Click to select)
13. Formalized communication (Click to select)
14. Few teams or task forces (Click to select)
15. Best for companies operating in stable environments. (Click to select)
16. Best for companies that need to respond to rapidly changing consumer tastes. (Click to select)

Schickel Inc. regularly uses material B39U and currently has in stock 456 liters of the material for which it paid $2618 several weeks ago. If this were to be sold as is on the open market as surplus material, it would fetch $5.20 per liter. New stocks of the material can be purchased on the open market for $5.80 per liter, but it must be purchased in lots of 1000 liters. You have been asked to determine the relevant cost of 750 liters of the material to be used in a job for a customer. The relevant cost of the 750 liters of material B39U is:

Other financial data for the year ended December 31, 2019: Included in accounts receivable is $1,200,000 due from a customer and payable in quarterly installments of $150,000. The last payment is due December 29, 2021. The balance in the Deferred Income Tax Liability account pertains to a temporary difference that arose in a prior year, of which $20,000 is classified as a current liability. During the year, estimated tax payments of $525,000 were charged to income tax expense. The current and future tax rate on all types of income is 30%. In Lamberts December 31, 2019 balance sheet, the current assets total is

Naumann Corporation produces and sells a single product. Data concerning that product appear below: Per Unit Percent of Sales Selling price $ 190 100 % Variable expenses 38 20 % Contribution margin $ 152 80 % Fixed expenses are $110,000 per month. The company is currently selling 1,000 units per month. Required: Management is considering using a new component that would increase the unit variable cost by $56. Since the new component would improve the company's product, the marketing manager predicts that monthly sales would increase by 500 units. What should be the overall effect on the company's monthly net operating income of this change if fixed expenses are unaffected

A state department of health is considering a public awareness campaign to encourage vaccination. It determines that the cost of this campaign would be $760,000 per year for the next 6 years. It estimates that the campaign would reduce rates of illness and communicable disease. At the end of the first year of the campaign, the resulting savings would be $1,000,000; the savings would decrease by $80,000 each of the following 5 years. Assuming a discounting factor of 5%, compute the benefit cost ratio.

most of a distribution manager's decisions must balance cost reduction against which other benefit?

Thomlin Company forecasts that total overhead for the current year will be $11,898,000 with 156,000 total machine hours. Year to date, the actual overhead is $7,955,000 and the actual machine hours are 85,000 hours. The predetermined overhead rate based on machine hours is Round the factory overhead rate to the nearest dollar before multiplying by the number of hours. a.$140 per machine hour b.$51 per machine hour c.$76 per machine hour d.$94 per machine hour

You decide to purchase a new refrigerator. You have the choice of an Energy Star refrigerator for $2,000 or a standard unit for $1,800. The Energy Star unit costs 10 cents per hour less to run. If you buy the Energy Star unit and run it for 10 hours per day for a year, how long will it take you to recover the $200 extra cost

urphy Inc., which produces a single product, has provided the following data for its most recent month of operation:Number of units produced 14,600Variable costs per unit:Direct materials $ 137Direct labor $ 75Variable manufacturing overhead $ 4Variable selling and administrative expenses $ 11Fixed costs:Fixed manufacturing overhead $ 846,800Fixed selling and administrative expenses $ 233,600The company had no beginning or ending inventories.Required:a. Compute the unit product cost under absorption costing.b. Compute the unit product cost under variable costing.

Joan runs a drop-in play center and until recently she was the only business in town where families could find reasonably-priced entertainment for their children. Joan learned that two fast-food restaurants with play areas are being built nearby so she is coming up with ways to convince her customers that her center is preferable. Which of Porter's five competitive forces is Joan specifically worried about

Kohl Co. provides warranties for many of its products. The January 1, 2016 balance of Estimated Warranty Liability account was $35200. Based on an analysis of warranty claims during the past several years, this year's warranty provision was established at 0.4% of sales. During 2016 the actual cost of servicing products was under warranty was $15600 and sales were $3,600,000.
a) What amount of Warranty Expense will appear on Kohl Co's income statement for the year end December 31, 2016?
b) What amount will be reported in the Estimated Warranty Liability account on the December 31, 2016, balance sheet?

Wilton sells softball equipment. On November 14, they shipped $3500 worth of softball uniforms to Paola Middle School, terms 1/10, n/30. On November 21, they received an order from Douglas High School for $2000 worth of custom printed bats to be produced in December. On November 30, Paola Middle School returned $400 of defective merchandise. Wilton has received no payments from either school as of month end. What amount will be recognized as net accounts receivable on the balance sheet as of November 30?

Wilton sells softball equipment. On November 14, t
A. $3500
B. $5900
C. $3100
D. $5500

Swift Co. produces footballs. It incurred the following costs this year: Direct materials $35,000 Direct labor 31,000 Fixed manufacturing overhead 22,000 Variable manufacturing overhead 38,000 Fixed selling and administrative expenses 23,000 Variable selling and administrative expenses 14,000 What are the total product costs for the company under variable costing

Preparing Adjusting Entries, Financial Statements, and Closing Entries

Fischer Card Shop is a small retail shop. Fischer’s balance sheet at year-end 2014 is as follows. The

following information details transactions and adjustments that occurred during 2015.

1. Sales total $145,850 in 2015; all sales were cash sales.

2. Inventory purchases total $76,200 in 2015; at December 31, 2015, inventory totals $14,500.

Assume all purchases were made on account.

3. Accounts payable totals $4,100 at December 31, 2015.

4. Annual store rent of $24,000 was paid on March 1, 2015, covering the next 12 months. The

balance in prepaid rent at December 31, 2014, was the balance remaining from the advance

rent payment in 2014.

5. Wages are paid every other week on Friday; during 2015, Fischer paid $12,500 cash for wag-

es. At December 31, 2015, Fischer owed employees unpaid and unrecorded wages of $350.

6. Depreciation on equipment totals $1,700 in 2015.

FISCHER CARD SHOP

Balance Sheet

December 31, 2014

Cash ........................ $ 8,500

Inventories ................... 12,000

Prepaid rent .................. 3,800

Total current assets ............ 24,300

Equipment ................... $7,500

Less accumulated depreciation ... 3,000

Equipment, net ................ 4,500

Total assets................... $28,800

Accounts payable..................... $ 5,200

Wages payable....................... 100

Total current liabilities.................. 5,300

Total equity (includes retained earnings) ... 23,500

Total liabilities and equity ............... $28,800

a. Prepare any necessary transaction entries for 2015 and adjusting entries at December 31,

2015, using the ?nancial statement effects template.

b. Prepare any necessary transaction entries for 2015 and adjusting entries at December 31,

2015, in journal entry form.

c. Set up T-accounts, enter the balances above, and post the transactions and adjusting entries to

them.

d. Prepare its income statement for 2015, and its balance sheet at December 31, 2015.

e. Prepare entries to close its temporary accounts in journal entry form and post the closing entries to the T-accounts

Here are three things you could do if you do not attend your economics class: go to a free outdoor yoga class with some friends (you value this at $15), go on a hike (you value this at $13), or go in to work (you could earn $20 during the economics class). The opportunity cost of going to your economics class is:

What is the total cost of a 15-year mortgage if the monthly payment is $1718.70? A. $447,585.60 B.$281.683.80 C. $309, 366.00 D.
$285, 794.12​

Beech Company produced and sold 105,000 units of its product in May. For the level of production achieved in May, the budgeted amounts were: sales, $1,300,000; variable costs, $835,000; and fixed costs, $390,000. The following actual financial results are available for May. Actual Sales (105,000 units) $ 1,273,000 Variable costs 805,500 Fixed costs 390,000 Prepare a flexible budget performance report for May. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance.)

Sage Hill Inc. wishes to lease machinery to Thiensville Company. Thiensville wants the machinery for 4 years, although it has a useful life of 10 years. The machinery has a fair value at the commencement of the lease of $47,000, and Sage Hill expects the machinery to have a residual value at the end of the lease term of $27,000. However, Thiensville does not guarantee any part of the residual value. Thiensville does expect that the residual value will be $45,000 instead of $27,000.

Required:
What would be the amount of the annual rental payments Sage Hill demands of Thiensville, assuming each payment will be made at the end of each year and Sage Hill wishes to earn a rate of return on the lease of 6%?

The income statement for the month of June, 2018 of Sarasota Enterprises contains the following information:
Revenues $6740
Expenses:
Salaries and Wages Expense $2900
Rent Expense 1530
Advertising Expense 740
Supplies Expense 270
Insurance Expense 110
Total expenses 5550
Net income $1190
The entry to close the expense accounts includes a:_______
a) debit to Salaries and Wages Expense for $2900.
b) credit to Rent Expense for $1530
c) debit to Income Summary for $1190.
d) credit to Income Summary for $5550.

so how do you make customers come and buy ur charm bracelets how do u advertise it.

Last year Harrington Inc. had sales of $325,000 and a net income of $19,000, and its year-end assets were $250,000. The firm's total-debt-to-total-capital ratio was 15.0%. The firm finances using only debt and common equity and its total assets equal total invested capital. Based on the DuPont equation, what was the ROE? Do not round your intermediate calculations.

Green Corporation reported pretax book income of $1,018,000. During the current year, the net reserve for warranties increased by $50,900. In addition, tax depreciation exceeded book depreciation by $104,500. Finally, Green subtracted a dividends received deduction of $25,450 in computing its current year taxable income. Green's cash tax rate is:

Personalities fit into at least one of (blank)
different categories.


A.ten



B.seven


C.three



D.five

Three mutually exclusive design alternatives are being considered. The estimated cash flows for each alternative are given below. The MARR is 18% per year. At the end of the useful life, the investment will be sold. A decision-maker can select one of these alternatives or decide to select none of them. Make a recommendation using the PW method.
A B C
Investment cost $27,000 $56,000 $42,500
Annual expenses $15,000 $13,000 $23,000
Annual revenues $23,000 $30,000 $32,000
Market value $6,500 $7,500 $9,000
Useful life 10 years 10 years 10 years
IRR 27,6% 28,1% 17,8%

Assume that JQH’s returns are normally distributed. The expected return for JQH is 10% and standard deviation is 5%. What is the probability of JQH stock providing a return within the range 15% to 20%?Assume that JQH’s returns are normally distributed. The expected return for JQH is 10% and standard deviation is 5%. What is the probability of JQH stock providing a return within the range 15% to 20%?2.5%16%68%13.5%none

A sample of 240 observations is selected from a normal population standard deviation of 24​

Pelusoec Co., a manufacturer of snowmobiles, is considering outsourcing the production of its headlights to an outside supplier. In the company’s current in-house production process, each headlight requires $4 of direct materials, $3 of direct labor, and $6 of total manufacturing overhead. 40% of the manufacturing overhead is a common fixed cost that would be unaffected by the outsourcing decision, while the remaining 60% is traceable to the outsourcing decision. At what outside supplier price would the company be indifferent between making and buying the headl

Simone transferred 100 percent of her stock in Purple Company to Plum Corporation in a Type A merger. In exchange, she received stock in Plum with a fair market value of $667,500 plus $667,500 in cash. Simone's tax basis in the Purple stock was $263,000. What amount of gain does Simone recognize in the exchange and what is her basis in the Plum stock she receives