Answer:
C
Explanation:
edgen 2020
In this case, Alicia makes her studying environment more effective as she can remove any possible distractions. The correct option is c.
What is studying?Studying is crucial for personal skill development in addition to educational advancement. Your confidence, skill, and self-esteem can all be increased by having effective study techniques. Additionally, it aids in lowering tension and worry related to tests and deadlines.
Take anything out of your study area that is not necessary for studying. To lessen auditory distractions, wear noise-canceling headphones, listen to white noise, or try utilizing earplugs. Eliminate electronic irritants. Put your phone in silent mode and away from your line of sight.
Therefore, the correct option is c. She can remove any possible distractions.
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Which of the following scenarios BEST illustrates the role of money as a medium of exchange?
A
Jane writes a $600 check to pay her rent.
B
Jane has a $500 balance on her credit card.
C
Jane puts 5% of her income into savings each month.
D
Jane uses her investments as collateral for a business loan.
Answer:it’s A
Explanation: I just took a test with this question
Scenarios that best illustrates the role of money as a medium of exchange is Jane writes a $600 check to pay her rent. Option (a) is correct.
What do you mean by Exchange?Giving or receiving something in exchange for another is known as an exchange.
As a means of exchange, money makes transactions for goods and services easier. Producers trade money for the products they sell to wholesalers. Retailers then sell the goods to consumers in exchange for money from wholesalers, who in turn sell their products to them.
The first function of money is that it is a medium of trade, which implies that it works as a go-between for buyers and sellers. The accountant now trades accounting services for money instead of shoes when they were first introduced.
Therefore, Option (a) is correct. Scenarios that best illustrates the role of money as a medium of exchange is Jane writes a $600 check to pay her rent.
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How does money function as a medium of exchange?
A. It allows people to more easily buy and sell products
B. It holds its value over time or when transferred.
C It holds its value over time or when transterred
D. It has a value determnined by the government
Answer:
A
Explanation:
Prior to money people bartered goods
The money function as a medium of exchange as it allows people to more easily buy and sell products.
What is a medium of exchange?Any item that is commonly accepted in exchange for goods and services is referred to as a medium of exchange.
Currency or money is the most widely utilized medium of exchange in modern economies, and money serves as a medium of exchange by making it easier for people to buy and sell goods.
Therefore, option A is correct.
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Kellogg Co. (K) recently earned a profit of $2.22 earnings per share and has a P/E ratio of 19.35. The dividend has been growing at a 6 percent rate over the past few years. If this growth rate continues.
Required:
a. What would be the stock price in four years if the P/E ratio remained unchanged?
b. What would the price be if the P/E ratio declined to 16 in four years?
Answer and Explanation:
The computation is shown below:
The following formula should be used
= P/E ratio × EPS × (1 + growth rate)^n umber of years
a. The stock price in four years is
= $19.35 × $2.22 × (1 + .06)^4
= $54.23
b. The stock price in four years in the case when the P/E ratio fall to 16
= $16 × $2.22 × (1 + .06)^4
= $44.84
We simply applied the above formula so that the correct price could come
And, the same is to be considered
Using the dividend growth model, explain why a firm would be hesitant to reduce the growth rate of its dividends.
Answer:
If a firm decreases its sustainable growth rate (g), the price of their stock will probably decrease. I will use the following example:
P₀ = Div₁ / (Re - g)
Div₁ = $2Re = 12%g = 5%P₀ = $2 / (12% - 5%) = $28.57
if the growth rate g decreases to 2%, and the rest remains unchanged, then
P₀ = $2 / (12% - 2%) = $20
Pepe, Incorporated acquired 60% of Devin Company on January 1, 2018. On that date Devin sold equipment to Pepe for $45,000. The equipment had a cost of $120,000 and accumulated depreciation of $66,000 with a remaining life of 9 years. Devin reported net income of $300,000 and $325,000 for 2018 and 2019, respectively. Pepe uses the equity method to account for its investment in Devin.What is the consolidated gain or loss on equipment for 2018
Answer: $9000
Explanation:
Based on the values given in the question, the consolidated gain or loss on equipment for 2018 would be calculated as:
Cost of equipment = $120,000
Less accumulated depreciation = $66,000
Less: Amount Devin sold equipment to Pepe = $45,000
Consolidated loss= $120,000 - $66000 - $45000
= $9000
In the domestic market, following the imposition of a voluntary quota, imports ________, domestic production ________, and prices ________.
a. increase; decreases; decrease
b. decrease; decreases; increase
c. decrease; increases; increase
d. increase; increases; increase
e. decrease; increases; decrease
Answer:
c. decrease; increases; increase
Explanation:
In the case of the domestic market, the import quota would be considered as an upper limit where the country could import
Now when the import quota would imposed so the import would decreased, the domestic production would increased and the price is also increased
hence, the correct option is c
And, the rest of the options are incorrect
Nikoto Steel Co. budgeted manufacturing costs for 50,000 tons of steel are:Fixed manufacturing costs $50,000 per monthVariable manufacturing costs $12.00 per ton of steelNikoto produced 40,000 tons of steel during March. How much is the flexible budget for total manufacturing costs for March?a) $520,000b) $650,000c) $480,000d) $530,000
Answer:
d) $530,000
Explanation:
The computation of the total manufacturing cost for the march month is shown below
= Fixed manufacturing cost + (produced tons × variable manufacturing cost per ton)
= $50,000 + (40,000 Tons × $12.00 per ton)
= $50,000 + $480,000
= $530,000
hence, the total manufacturing cost for the march month is $530,000
Therefore the correct option is d.
Last year's sales revenues at Coffee Connection were $27,000, and the cost
of sales was $24,840. What was Coffee Connection's gross profit margin last
year, expressed as a percentage?
A. 9%
B. 27%
C. 92%
D. 8%
Answer: it’s 8%
Explanation:
just took the test
Vaughn Company made a purchase of merchandise on credit from Ivanhoe Company on August 8, for $8900, terms 2/10, n/30. On August 17, Vaughn makes the appropriate payment to Ivanhoe. The entry on August 17 for Vaughn Company is: Accounts Payable 8900 Purchase Returns and Allowances 178 Cash 8722 Accounts Payable 8900 Cash 8900 Accounts Payable 8722 Cash 8722 Accounts Payable 8900 Inventory 178 Cash 8722
Answer:
Accounts Payable 8900 Inventory 178 Cash 8722
Explanation:
The journal entry is shown below:
Accounts payable $8,900
To inventory $178 ($8,900 × 2%)
To Cash $8,722
(Being the payment is recorded)
Here the account payable is debited as it decreased the liabilities and the inventory and cash is credited as it also decreased the assets
Therefore the last option is correct
Dragon makes all sales on account, subject to the following collection pattern: 30% are collected in the month of sale; 60% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for June, July, and August were $120,000, $160,000, and $220,000, respectively, what were the firm's budgeted collections for August and the company's budgeted receivables balance on August 31?
Answer: $174000
Explanation:
The firm's budgeted collections for August and the company's budgeted receivables balance on August 31 would be calculated as:
= (30% × $220,000) + (60% × $160,000) + (10% × $120,000)
= (0.3 × $220,000) + (0.6 × $160,000) + (0.1 × $120,000)
= $66000 + $96000 + $12000
= $174000
A firm has a tax burden of 0.6, a leverage ratio of 1.2, an interest burden of 0.7, and a return-on-sales ratio of 14%. The firm generates $2.64 in sales per dollar of assets. What is the firm's ROE
Answer:
18.63%
Explanation:
Calculation for the firm's ROE
Using this formula for
ROE=(Tax burden)(Leverage ratio)(Interest burden)(Return-on-sales ratio)(Sales per dollar of assets)
Let plug in the formula
ROE = (.6)(1.2)(.7)(.14)(2.64)
ROE=18.63%
Therefore the firm's ROE is 18.63%
The buck store is considering a project that will require additional inventory of 216,000 and will increase accounts payable by 181,000. accounts receivable are currently 525,000 and are expected to increase by 9% if this project is accepted. what is the projects initial cash flow for net working capital?
a. -$82,250b. -$12,250c. $12,250d. $36,250e. $44,250
Answer:
a. -$82,250
Explanation:
Calculation for what is the projects initial cash
flow for net working capital
Initial cash flow=-$216,000 + $181,000 - ($525,000 *0.09)
Initial cash flow=-$216,000 + $181,000 - $47,250
Initial cash flow = - $82,250
Therefore the projects initial cash
flow for net working capital will be - $82,250
We discussed the invasions of the Roman world by various Germanic tribes in the fifth century and the Arab-Islamic conquests of Persia, most of the Byzantine Empire, and much of the Mediterranean world in the seventh and eighth centuries. How did the new invaders manage to govern the advanced civilizations that they conquered?
Answer:
The invaders were able to govern the more advanced civilizations because they adopted most of the conquered civilizations' customs, rules of governance, and even languages and religion.
For example, in the case of the Germanic tribes that conquered the Western Roman Empire, the rulers adopted, one by one, the religion of the Roman Empire: Christianity, more specifically, the Roman Catholic variant.
They also began to use the language of the Empire: Latin, for ecclessiastical and political matters, and while political institutions did change a lot, some of the political institutions of the Empire did survive in the sucessor states that the Germanic rulers carved out of the Roman territory.
12.Sunnydale Organics, Inc. harvests crops in roughly 90-day cycles based on a 360-day year. The firm receives payment from its harvests sometime after shipment. Due in part to the firm's rapid growth, it has been borrowing to finance its harvests using 90-day bank notes on which the firm pays 12 percent discount interest. If the firm requires $60,000 in proceeds from each note, what must be the face value of each note
Answer: $61857
Explanation:
Let the face value of each note be represented by y.
We should also note that we are given a time period of 90 days = 3 months.
Discount interest = 12%. This will be 3% for every 3 months.
Face value of each nite will then be:
y = 60000/(100%-3%)
y = 60000 / 97%
y = 60000/0.97
y = 61,856.67
An example of a poor study environment is a place with
a chair that has a strong back.
textbooks and other resources.
minimal talking and no background noise.
messy surfaces and a lot of movement.
Answer:
messy surfaces and a lot of movement
Explanation:
It will make you less focused
Answer:
D messy surfaces and a lot of movement.
Explanation:
Billy Luker made several stock sales during 2020. Determine the net capital gain or loss for the following transactions: Date Purchased Cost Date Sold Sales Price 1-1-20 $ 4,000 6-2-20 $ 6,000 7-6-19 10,000 7-7-20 14,000 7-6-19 20,000 7-6-20 17,000 4-3-19 5,000 6-2-20 4,000 $2,000 net short-term capital gain. $2,000 net capital gain. $3,000 net long-term capital gain and $1,000 net short-term capital loss.
Answer:
The correst option is b. $3,000 net long-term capital gain and $1,000 net short-term capital loss.
Explanation:
Note: This question is not comple and the data in it are merged together. The complete question withe sorted data are therefore provided before answering the question as follows:
Billy luker made several stock sales during 2018. determine the overall result of the following transactions:
Date Purchased Cost Date Sold Sales Price
1-1-20 $4,000 6-2-20 $6,000
7-6-19 10,000 7-7-20 14,000
7-6-19 20,000 7-6-20 17,000
4-3-19 5,000 6-2-20 4,000
a. $2,000 net short-term capital gain.
b. $3,000 net long-term capital gain and $1,000 net short-term capital loss. c. $2,000 net long-term capital gain.
d. $4,000 net long-term capital gain and $2,000 net short-term capital loss.
The explanation to answer is now given as follows:
Step 1: Calculation of net long-term capital gain/loss
Gains and losses that occurred from the sale or exchange of capital assets that are held for more than one year are referred to as long-term capital gains and losses.
From the question, the second and fourth stocks are held for more than one year and they are therefore long-term sales. Therefore, we have:
Long-term capital gain from the second stock sales = Sales Price – Cost = $14,000 - $10,000 = $4,000
Long-term capital loss from the fourth stock sales = Cost – Sales price = $5,000 - $4,000 = $1,000
Net long-term capital gain = Long-term capital gain from the second stock sales - Long-term capital loss from the fourth stock sales = $4,000 - $1,000 = $3,000
Step 2: Calculation of net short-term capital gain/loss
Gains and losses that occurred from the sale or exchange of capital assets that are held for one year or less are referred to as short-term capital gains and losses.
From the question, the first and third stocks are held for one year or less and they are therefore short-term sales. Therefore, we have:
Short-term capital gain from the first stock sales = Sales Price – Cost = $6,000 - $4,000 = $2,000
Short-term capital loss from the third stock sales = Cost – Sales price = $20,000 - $17,000 = $3,000
Net short-term capital loss = Short-term capital loss from the third stock sales Short-term capital gain from the first stock sales = $3,000 - $2,000 = $1,000
Conclusion
Therefore, the correct option is b. $3,000 net long-term capital gain and $1,000 net short-term capital loss.
On December 31, Strike Company traded in one of its batting cages for another one that has a cost of $500,000. Strike receives a trade-in allowance of $11,000. The old equipment had an initial cost of $215,000 and has accumulated depreciation of $185,000. Depreciation has been recorded up to the end of the year. The difference will be paid in cash. What is the amount of the gain or loss on this transaction
Answer:
the amount of loss is $19,000
Explanation:
The computation of the amount of the gain or loss is shown below:
Old equipment cost is
= Initial cost of the equipment - accumulated depreciation
= $215,000 - $185,000
= $30,000
Now the gain or loss is
= Book value of an equipment - trade in allowance
= $30,000 - $11,000
= $19,000
hence, the amount of loss is $19,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
In 2010, the $471 billion deficit on the U.S. current account was offset by a surplus of $255 billion on financial account. This difference is the result of:_________.
A. budget deficit.
B. statistical discrepancy.
C. trade deficit.
D. national debt.
Answer:
B. statistical discrepancy.
Explanation:
Since it is mentioned that the $471 million represents the deficit in the US current account i.e. counterbalanced by a surplus of $255 billion
So here the difference represents the statistical discrepancy
Therefore as per the given situation, the correct option is B
And, the rest of the options are wrong
An investor is bearish on a particular stock and decided to buy a put with a strike price of $44. Ignoring commissions, if the option was purchased for a price of $.93, what is the break-even point for the investor
Answer:
$43.07
Explanation:
Strike price of Put Option = $44
Option purchased price = $0.93
Break-even point for the investor = [Strike price - Put Option purchased price}
= $44 - $0.93
= $43.07
Therefore, the Break-even point for the investor is $43.07
Bramble Frosted Flakes Company offers its customers a pottery cereal bowl if they send in 4 boxtops from Bramble Frosted Flakes boxes and $2. The company estimates that 60% of the boxtops will be redeemed. In 2021, the company sold 809000 boxes of Frosted Flakes and customers redeemed 352000 boxtops receiving 88000 bowls. If the bowls cost Bramble Company $4 each, how much liability for outstanding premiums should be recorded at the end of 2021
Answer: $66700
Explanation:
Number of boxtops that was sold = 809000
Estimated boxtops to be redeemed = 809,000 × 60% = 485400
Less: Boxtops received = 352000
Estimated boxtops not received yet = 133400
The number of boxtops that will be needed per bowl will then be:
= 133400 / 4
= 33350
Therefore, liability for outstanding premiums that should be recorded at the end of 2021 would be:
= 33350 × ($4 - $2)
= 33350 × $2
= $66700
Baker is single and earned $225,200 of salary as an employee in 2018. How much should his employer have withheld from his paycheck for FICA taxes? (Rounded to the nearest whole dollar amount)
A) $11,453
B) $10,861
C) $10,415
D) $15,892
Answer: $11,453
Explanation:
In 2008:
FICA-Social Security tax was payable at 6.2% of a limit of $128,400.
FICA-Medicare tax was payable at 1.45% of the total amount of $225,200.
Additional Medicare tax was payable on any amount in excess of $200,000 at 0.9%.
= (6.2% * 128,400) + (225,200 * 1.45%) + ( (225,200 - 200,000) * 0.9%))
= $11,453
During periods of decreasing costs, the use of the LIFO method of costing inventory will result in a lower amount of net income than would result from the use of the FIFO method.
a. True
b. False
Answer:
b. False
Explanation:
LIFO stand for Last in First Out. This means LIFO inventory valuation is based on earlier goods purchased.
So, when costs are decreasing, they are affecting latter prices and this usually affect FIFO (First in First Out) not LIFO.
help can someone solve this ?
Answer:
4;BD
Explanation:
IT like saying that when his income was zero his consumption was zero so F is zero for income, B is zero for consumption
Kim's Bridal Shoppe has 10,200 shares of common stock outstanding at a price of $36 per share. It also has 215 shares of preferred stock outstanding at a price of $87 per share. There are 520 bonds outstanding that have a coupon rate of 5.5 percent paid semiannually. The bonds mature in 17 years, have a face value of $1,000, and sell at 93 percent of par. What is the capital structure weight of the common stock?
Answer:
26.43 %
Explanation:
The Capital Structure is based on the Market Weight of the Sources of Finance as shown below :
Equity market value = Number of shares × price/share
Equity market value = 10,200 × $36
Equity market value = $367,200
Current debt value = Number of bonds × price/bond
Current debt value = 520 × (1930)
Current debt value = $1,003,600
Preferred stock value = Number of shares × price/share
Preferred stock value = 215 × $87
Preferred stock value = $18,705
Total capital = Common equity value + Debt value + Preferred stock value
Total capital = $367,200 + $1,003,600 + $18,705
Total capital = $1,389,505
Weight of Equity = Equity value / Total capital
Weight of Equity = $367,200 / $1,389,505
Weight of Equity = 26.43 %
Exeter has a materials standard of 1 pound per unit of output. Each pound has a standard price of $25 per pound. During July, Exeter paid $138,000 for 5,040 pounds, which it used to produce 4,780 units. What is the direct materials price variance?
Answer:
$19,595 unfavorable
Explanation:
The computation of direct material price variance is shown below;
= (Actual price - Standard price) × Actual quantity used
Given that;
Actual price = $138,000/4,780 units
= $28.87 × 1 pound
= $28.87 per pound
Actual quantity used = 4,780 units
Standard price = $25 per pound
= ($28.87 per pound - $25 per pound) × 4,780 units
= ($3.87 per pound) × 5,040 pounds
= $19,595 unfavorable
The direct material price variance is unfavorable because actual price is more than standard price.
In September 2008, the stock market fell sharply and continued to perform poorly due to the financial crisis. How did this change impact GDP in the economy?
Answer:
Many people's wealth is held in stocks and as the price of stocks collapsed, they lost wealth.
Imagine that this happened to you. One day you are rich and that affects your spending habits. In a matter of few days or weeks, you lose a large portion of your wealth. So now, you are less rich or even poor. So your spending habits will be altered, i.e. you will spend less.
If you consider the economy as a whole, aggregate demand will fall, resulting in a decrease of aggregate supply, and an overall decrease of the GDP.
Your Boston-headquartered manufacturing company, Wruck Enterprises, obtained a 54-million-peso loan from a Mexico City bank last month to fund the expansion of your Monterrey, Mexico, plant. The exchange rate was 14 U.S. cents per peso when you took out the loan, but since then the exchange rate has dropped to 7 U.S. cents per peso. Has Wruck Enterprises made a gain or a loss due to the exchange rate change, and how much
Answer: 3.78 million dollars
Explanation:
Based on the information given in the question, the amount of money that Wruck Enterprises would pay when the exchange rate is 7 US cents per peso would be:
= 54-million × 7 cent
= 378,000,000 cent
= 3.78 million dollars
When the exchange rate was 14 U.S. cents per peso , the amount paid would have been:
= 54 million × 14 cent
= 756,000,000 cent
= 7.56 million dollars
Therefore, Wruck Enterprises made a gain of (7.56 million - 3.78 million) = 3.78 million dollars
A firm has an equity multiplier of 1.57, an unlevered cost of equity of 14 percent, a levered cost of equity of 15.6 percent, and a tax rate of 40 percent. What is the cost of debt
Answer:
10.45 %
Explanation:
Calculation for What is the cost of debt
Using this formula
Levered cost of equity=Unlevered cost of equity+Equity multiplier(1-Tax rate)(Unlevered cost of equity-Cost of debt)
Let plug in the formula
.156 = .14 + .57(1 −.21)(.14 − Cost of debt )
.156 = .14 + .57(.79)(.14 − Cost of debt )
Cost of debt= .1045 *100
Cost of debt= 10.45%
Note that equity multiplier of 1.57 -1 will give us .57
Therefore the cost of debt will be 10.45%
What are the differences between the five-stage model of team development and the punctuated equilibrium model?
Answer: The five stage model of a team Development include; forming, storming, norming, performing and adjourning, Punctuated Equilibrium, suggest there are no steps, just 2 phases during research.
Explanation:
The five stage model of a team Development include; forming, storming, norming, performing and adjourning.
Forming involves acquittance with the members, understand scope of the project and establish good relationships.
Storming involves members accepting they're part of the project group and resist constraint on individualism.
In norming, the group establishes how they can work together.
Performing is being functional
Adjsuting, the team prepares for high disbandment
Punctuated Equilibrium, suggest there are no steps, just 2 phases during research.
Marin Company's accounts receivable arising from sales to customers amounted to $131000 and $114000 at the beginning and end of the year, respectively. Income reported on the income statement for the year was $498000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is
Answer:
$481,000
Explanation:
To determine the cash flows from operating activities, the net Income for the year must be adjusted by non - cash items and changes in working capital items.
Therefore, given a decrease in Accounts Receivable $17,000 ($131000 - $114000) . Then the cash flows from operating activities to be reported on the statement of cash flows is $481,000 ($498000 - $17,000) .