Answer:
Note: The correct word is "Assume that IBM leased equipment that was carried at a cost of $118,001 to Wildhorse Company"
Date Account Titles and Explanation Debit Credit
Dec 31, Cash $27,365
2021 Lease Receivable $20,114
Interest Revenue b$7,251
[($118001 - $27365) * 8%]
(To record receipt of lease payment along with interest)
Jasper Company has a payback goal of three years on acquisitions of new equipment. A new piece of equipment that costs $450,000 and that has a five-year life is being considered. Straight-line (SL) depreciation will be used, with zero salvage value. Jasper is subject to a 40% combined income tax rate, t. To meet the company's payback goal, the equipment must generate reductions in annual cash operating costs of at least:
Answer: $190,000
Explanation:
The required annual return should pay back the $450,000 in 3 years so that amount will be:
= 450,000 / 3
= $150,000
Depreciation will be:
= 450,000 / 5 years useful life
= $90,000
Assume the reductions that should be generated is r:
Required return = r - (r - depreciation) * tax rate
150,000 = r - (r - 90,000) * 40%
150,000 = r - 0.4r + 36,000
0.6r = 150,000 -36,000
r = 114,000 / 0.6
= $190,000
Assume that the fair values of the investee's net assets approximated the recorded book values of the investee's net assets, except the fair value of the investee's identifiable noncurrent assets is $30,000 higher than book value. In addition, the investee's pre-transaction tax bases in its individual net assets approximate their reported book values. This difference relates entirely to tax-deductible items. Assume the marginal tax rate is 40% for the investor and investee. What amount of goodwill should be reported in the investor's consolidated balance sheet prepared immediately after this business combination
Answer:
$57,000
Explanation:
Calculation for the amount of goodwill should be reported
Total assets $270,000
Less Liabilities ($120,000)
Book value $150,000
($270,00-$120,000)
Acquistion price $225,000
Less Book value ($150,000)
excess price over book value 75,000
($225,000-$150,000)
Allocated to non current assets $18,000
(30000*(1-.4))
Goodwill (75000-18000) $57,000
Therefore the amount of goodwill should be reported is $57,000
Isaac Inc. began operations in January 2021. For some property sales, Isaac recognizes income in the period of sale for financial reporting purposes. However, for income tax purposes, Isaac recognizes income when it collects cash from the buyer's installment payments. In 2021, Isaac had $621 million in sales of this type. Scheduled collections for these sales are as follows:
2021 $61 million
2022 121 million
2023 131 million
2024 152 million
2025 156 million
$621 million
Assume that Isaac has a 25% income tax rate and that there were no other differences in income for financial statement and tax purposes. Ignoring operating expenses and additional sales in 2022, what deferred tax liability would Isaac report in its year-end 2022 balance sheet?
a. $128 million.
b. $59 million.
c. $104 milion.
d. $8 million.
Answer:
$109,750,000
Explanation:
Note: Options provided in the question belong to similar question but different numbers
Deferred Tax liability = (Revenue from specific sales in 2021 - Cash received against it up to 2022) * Tax rate
Deferred Tax liability = ($621 million - $61 million - $121 million) * 25%
Deferred Tax liability = $439 million * 25%
Deferred Tax liability = $109,750,000
As a consumer, why is it good for us when a store has a surplus of an item we want?
Answer:
Usually prices are lower when you have a surplus amount of an item. However, if there was a low amount of one item the price would be extremely high and competitive. Hope that helps!!!
Explanation:
Answer:
A lower consumer surplus leads to higher producer surplus and greater inequality. Consumer surplus enables consumers to purchase a wider choice of goods.
Which of the following statements is correct?
A. Stockholders' equity can be described as creditorship claim on total assets.
B. The cost of an asset and its fair value are never the same.
C. The historical cost principle requires that when assets are acquired, they should be recorded at market price.
D. Stockholders' equity can be described as ownership claim on total assets.
E. The historical cost principle requires that when assets are acquired, they should be recorded at appraisal value.
Answer:
d
Explanation:
A stockholder is an investor that purchases shares in a company. A stockholder is regarded as the owner of the company.
According to accounting information :
Stockholders' equity = total assets - Total liabilities.
Stockholders' equity is the claim a shareholder has on a company's assets after total liabilities have been subtracted
The historical cost principle requires assets to be recorded at its historical cost regardless of changes in the value of the asset
Use the following information (in random order) from a merchandising company and from a service company. McNeil Merchandising Company Accumulated depreciation $ 700 Beginning inventory 11,500 Ending inventory 6,900 Expenses 2,100 Net purchases 14,300 Net sales 22,500 Krug Service Company Expenses $ 8,700 Revenues 27,000 Cash 700 Prepaid rent 680 Accounts payable 200 Equipment 2,500 a. Compute the goods available for sale, the cost of goods sold and gross profit for the merchandiser. Hint: Not all information may be necessary. b. Compute net income for each company.
Answer and Explanation:
a. The computation of the goods available for sale, the cost of goods sold and gross profit for the merchandiser is shown below:
Goods available for sale
Beginning inventory $11,500
Add:Net purchases $14,300
Goods available for sale $25,800
Cost of goods sold
Goods available for sale $25,800
less: Ending inventory -$6,900
Cost of goods sold $18,900
Gross profit
net sales $22,500
less:cost of goods sold -$18,900
Gross profit $3,600
b. The net income for each company is shown below:
Net income for Krug Service company
Revenues $27,000
less: Expenses -$8,700
Net income for Krug Service company $18,300
Net income for Kliener Merchandising Co
Gross profit $3,600
less:Expenses -$2,100
Net income for Kliener Merchandising Co $1,500
Purchases of merchandise on account were $300,000. b. The cost of freight to receive the inventory was $10,000. This was paid in cash. c. Debra returned $5,000 of the merchandise due to an ordering error. Debra received a full credit for the return. d. Debra paid the remaining balance for the merchandise. Calculate the dollar amount that Debra will have in inventory at the end of the month. Assume Debra uses the perpetual inventory system and there were no sales.
Answer:
$305,000
Explanation:
Calculation for the dollar amount that Debra will have in inventory at the end of the month
Purchases of merchandise on account were $300,000
Add Cost of freight to receive the inventory was $10,000
Less merchandise returned $5,000
Inventory ending Dollar amount $305,000
($300,000+$10,000-$5,000)
Therefore the dollar amount that Debra will have in inventory at the end of the month is $305,000
Your grandparents put $11,200 into an account so that you would have spending money in college. You put the money into an account that will earn an APR of 4.39 percent compounded monthly. If you expect that you will be in college for 4 years, how much can you withdraw each month
Answer:
The amount you can withdraw each month is $254.84.
Explanation:
This can be calculated using the formula for calculating the present value of an ordinary annuity as follows:
PV = W * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)
Where;
PV = Present value or the amount your grandparents put into an account = $11,200
W = Monthly withdrawal = ?
r = Monthly interest rate = annual percentage rate (APR) / 12 = 4.39% / 12 = 0.0439 / 12 = 0.00365833333333333
n = number of months you will be in college = number of years you will be in college * number of months in a year = 4 * 12 = 48
Substitute the values into equation (1) and solve for W, we have:
$11,200 = W * ((1 - (1 / (1 + 0.00365833333333333))^48) / 0.00365833333333333)
$11,200 = W * 43.9483302382462
W = $11,200 / 43.9483302382462
W = $254.844721956084
Rounding to 2 decimal places, we have:
W = $254.84
Therefore, the amount you can withdraw each month is $254.84.
You own a coal mining company and are considering opening a new mine. The mine will cost $120 million to open. If this money is spent immediately, the mine will generate $20 million for the next 10 years. After that, the coal will run out and the site must be cleaned and maintained at environmental standards. The cleaning and maintenance are expected to cost $2 million per year in perpetuity. What does the IRR rule say about whether you should accept this opportunity
Answer: B. There are two IRRs so you cannot use the IRR as a criterion for accepting the opportunity.
Explanation:
The Internal Rate of Return can be useful in capital budgeting to enable a company know if an investment will be profitable. It is defined as the discount rate that causes the Net Present Value(NPV) to be zero. If the IRR is greater than the required return then the project should be accepted as it will have a profitable NPV.
IRR has some problems however and one of them is reflected here. There can sometimes be two IRRs and when this happens, using IRR as a viability measure cannot be done because a single rate is needed for comparison with the required return.
Galvanized Products is considering purchasing a new computer system for their enterprise data management system. The vendor has quoted a purchase price of $130,000. Galvanized Products is planning to borrow 1/4th of the purchase price from a bank at 12.00 % compounded annually. The loan is to be repaid using equal annual payments over a 3-year period. The computer system is expected to last 5 years and has a salvage value of $5,200 at that time. Over the 5-year period, Galvanized Products expects to pay a technician $20,000 per year to maintain the system but will save $51,000 per year through increased efficiencies. Galvanized Products uses a MARR of 20.00 %/year to evaluate investments.
What is the present worth of this investment?
Answer:
The present worth of this investment = -$31,204.78
Explanation:
Note: See the attached excel file for the calculation of the present worth of this investment (in bold red color).
In the attached excel file, the following are used:
Loan from bank = Purchase price * (1 / 4) = $130,000 * (1 / 4) = $32,500
Initial cost = Purchase price - Loan from bank = $130,000 - $32,500 = $97,500
The annual required equal loan payments is calculated using the formula for calculating loan amortization as follows:
P = (A * (r * (1 + r)^n)) / (((1 + r)^n) - 1) .................................... (1)
Where,
P = Annual required equal loan payment = ?
A = Loan amount from bank = $32,500
r = interest rate = 12%, or 0.12
n = number of payment years = 3
Substituting all the figures into equation (1), we have:
P = Annual required equal loan payment = ($32,500 * (0.12 * (1 + 0.12)^3)) / (((1 + 0.12)^3) - 1) = $13,531.34
From the attached excl file, the present worth of this investment is equal to -$31,204.78
ABC Christmas shop signs a three-month note payable to help finance increases in inventory for the Christmas shopping season. The note is signed on October 1 in the amount of $20,000 with annual interest of 6%. What is the adjusting entry to be made on December 31 for the interest expense accrued to that date, if no entries have been made previously for the interest
Answer: See explanation
Explanation:
To know the the adjusting entry to be made on December 31 for the interest expense accrued to that date, we have to calculate the interest expense for the three months and this will be:
= $20000 × 6% × 3/12
= $20000 × 0.06 × 0.25
= $300
Therefore, the adjusting entry to be made on December 31 for the interest expense accrued to that date will be:
Debit: Interest expenses $300
Credit: Interest Payable $300
Two years ago, Kimberly became a 30 percent partner in the KST Partnership with a contribution of investment land with a $12,750 basis and a $19,850 fair market value. On January 2 of this year, Kimberly has a $18,300 basis in her partnership interest, and none of her pre-contribution gain has been recognized. On January 2 Kimberly receives an operating distribution of a tract of land (not the contributed land) with a $15,575 basis and an $22,675 fair market value.
a. What is the amount and character of Kimberly's recognized gain or loss on the distribution?
b. What is Kimberly’s remaining basis in KST after the distribution?
c. What is KST's basis in the land Kimberly contributed after Kimberly recevies the distribution?
Answer:
a. What is the amount and character of Kimberly's recognized gain or loss on the distribution?
Kimberly's capital gain = land's FMV - other land's FMV = $22,675 - $19,850 = $2,825
b. What is Kimberly’s remaining basis in KST after the distribution?
Kimberly's basis = basis + gain - land basis = $18,300 + $2,825 - $15,575 = $5,550
c. What is KST's basis in the land Kimberly contributed after Kimberly receives the distribution?
KST's basis on the land = land's basis + Kimberly's gain = $12,750 + $2,825 = $15,575
The following data were taken from the accounting records of the Mixing Department of Kappa Corporation which uses the weighted-average method in its process costing system:
Beginning work in process inventory:
Cost $ 19,000
Units 30,000 units
Percent completion with respect to materials 100 %
Percent completion with respect to conversion 60 %
Units completed and transferred out 82,000 units
Cost per equivalent unit:
Material $ 1.50
Material $ 0.75
The cost of units transferred out was:________.
a. $184,500
b. $149,500
c. $167,500
d. $145,000
Answer:
a. $184,500
Explanation:
The computation of the cost of units transferred out is shown below:
Total unit cost is
= $1.50 + $0.75
= $2.25 per unit
And, Unit completed and transferred out = 82000
So, Cost of unit completed and transferred out is
= 82,000 units × $2.25
= $184,500
hence, the correct option is a.
Which is most likely to profit from society's changing wants and needs?
A)
a business with existing capital resources
B)
a producer of goods
C)
an entrepreneur
D)
a business with substantial labor resources.
Nolan Company acquired a tract of land containing a natural resource. Nolan is required by the purchase contract to restore the land after extraction. Geological surveys show that the estimated amount to be extracted will be 5,000,000 tons, and that the land will have a value of $1,000,000 after restoration. Relevant costs:Land $7,000,000Estimated restorationcosts: 1,500,000What should be the charge to depletion expense per ton of extracted material?
Answer:
1.50
Explanation:
Calculation to determine what should be the charge to depletion expense per ton of extracted material
Land cost $7,000,000
Add: Estimated restoration costs $1,500,000
Less: Value of Land after restoration (-$1,000,000)
Cost for Depletion $7,500,000
($7,000,000+$1,500,000-$1,000,000)
÷Divide by Total tons 5,000,000 tons
Depletion expense per ton 1.50
(7,500,000÷5,000,000 tons)
Therefore what should be the charge to depletion expense per ton of extracted material is 1.50
Costco is able to keep costs down and offer low prices thanks to a no-frill shopping experience for its 64 million members. They offer around 4000 different products and do take into consideration customer preferences. After realizing the popularity of organic food products, Costco quickly stocked more of these items and created an initiative to help farmers buy land to grow organic crops. How does Costco prioritize efficiency and responsiveness
Answer:
Costco is following Customer Oriented Strategy in the business.
Explanation:
Costco offers around 4000 different products to its 64 million members. Costco is now planning to stock more of organic products as the popularity for these products among its customers in gaining significance. Costco has also planned to help farmers to grow organic farms which will benefit the Costco customers. This is customer oriented strategy because Costco is focusing on the needs of its customers.
The owner of Genuine Subs, Inc., hopes to expand the present operation by adding one new outlet. She has studied three locations. Each would have the same labor and materials costs (food, serving containers, napkins, etc.) of $1.70 per sandwich. Sandwiches sell for $2.50 each in all locations. Rent and equipment costs would be $5,300 per month for location A, $5,650 per month for location B, and $5,900 per month for location C.
A. Determine the volume necessary at each location to realize a monthly profit of $9,500.
B. If expected sales at A, B, and C are 20,500 per month, 22,500 per month, and 23,500 per month, respectively, calculate the profit of the each locations.
Answer:
To find the volume necessary to make a certain profit, use the formula:
= (Fixed costs + Profit) / Contribution margin
Contribution margin = Selling price - variable cost
= 2.50 - 1.7
= $0.80
Location A Location B
= (5,300 + 9,500) / 0.80 = (5,650 + 9,500) / 0.80
= 18,500 sandwiches = 18,938 sandwiches
Location C
= (5,900 + 9,500) / 0.80
= 19,250 sandwiches
B. Profit at A:
= Contribution margin * sales - fixed costs
= 0.8 * 20,500 - 5,300
= $11,100
Profit at B:
= 0.8 * 22,500 - 5,650
= $12,350
Profit at C:
= 0.8 * 23,500 - 5,900
= $12,900
Speedy Delivery Company purchases a delivery van for $36,000. Speedy estimates that at the end of its four-year service life, the van will be worth $6,400. During the four-year period, the company expects to drive the van 148,000 miles. Actual miles driven each year were 40,000 miles in year 1 and 46,000 miles in year 2. Required: Calculate annual depreciation for the first two years of the van using each of the following methods. (Do not round your intermediate calculations.)
Answer:
Year 1 = $8000
Year 2 = $9200
Explanation:
($36000 - $6400) ÷ 148000 = $0.2 /miles
Year 1,
40000 × $0.2 = $8000
Year 2,
46000 × $0.2 = $9200
but I don't know these were pure logic, no formula whatsoever... feel free to delete them if its wrong..
Blossom Corporation has provided the following data concerning its most recent month of operations. Show your work for full credits. Selling price $ 121 Units in beginning inventory 0 Units produced 7,000 Units sold 6,500 Units in ending inventory 400 Variable costs per unit: Direct materials $ 38 Direct labor $ 53 Variable manufacturing overhead $ 3 Variable selling and administrative expense $ 11 Fixed costs: Fixed manufacturing overhead $ 70,000 Fixed selling and administrative expense $ 28,000 a. What is the unit product cost for the month under variable costing
Answer:
Unitary production cost= $94
Explanation:
Giving the following information:
Variable costs per unit:
Direct materials $ 38
Direct labor $ 53
Variable manufacturing overhead $ 3
The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead). Variable selling and administrative expense is a period cost.
Unitary production cost= 38 + 53 + 3
Unitary production cost= $94
During 2012, Charles Inc. recorded credit sales of $2,000,000. Based on prior experience, it estimates a 1 percent bad debt rate on credit sales. At the beginning of the year, the balance in net accounts receivable was $150,000. At the end of the year, but before the bad debt expense adjustment was recorded and before any bad debts had been written off, the balance in net accounts receivable was $125,000. Assume that on December 31, 2012, the appropriate bad debt expense adjustment was recorded for the year 2012 and accounts receivable totaling $10,000 were written off for the year, what was the receivables turnover ratio for the year? Please round to one decimal place
Answer:
Charles Inc.
The receivables turnover ratio for the year is:
= 14.5
Explanation:
a) Data and Calculations:
Credit Sales for 2012 = $2,000,000
Allowance for bad debt = 1% on credit sales ($20,000)
Beginning net accounts receivable = $150,000
Ending net accounts receivable = $125,000
Average receivable = ($150,000 + $125,000)/2 = $275,000/2 = $137,500
Receivables turnover ratio = Sales/Average receivable
= $2,000,000/$137,500
= 14.5
b) Charles Inc.'s Receivables Turnover Ratio shows how efficiently the company is able to manage its credit sales through effective and efficient collection of trade debts from customers. It is computed by dividing the credit sales by the average receivable.
A sole proprietor in the 37% tax bracket pays her 16-year-old son a reasonable salary of $14,000 for services performed for the proprietorship. Compute the family's income tax savings if the son has no other income and takes a $12,400 standard deduction.
Answer: $5020
Explanation:
The family's income tax savings if the son has no other income and takes a $12,400 standard deduction will be calculated as:
Explanation:
Tax savings from deduction = ($14,000 × 37%) = $5180
Less: Tax on child's taxable income = 10% × ($14,000 - $12,400) = 10% × $1600 = $160
Family's income tax savings = $5180 - $160 = $5020
Zach is employed by Scott Paper Company and is a key account manager on the WalMart team based in Bentonville, AR so he can be near the corporate headquarters of WalMart. Zach was selected to lead the WalMart purchasing team for paper towels, toilet tissue and other paper products. He coordinates vendors, analyzes sales data, assists with plan-a-gram layouts, and is responsible for interacting with other suppliers in addition to the purchasing and logistics teams at WalMart. Zach's role at WalMart is known as a(n):
Answer: d. channel captain
Explanation:
Channel captains as the term implies, are in charge of a good's distribution channel such that they are to coordinate things to ensure that the good keeps being traded efficiently.
They are responsible for coordinating vendors, and maintaining relationships necessary to keep the good moving. They are also to report on their activities with a view towards expansion. This is what Zach does therefore he is a channel captain.
True or False
When operating a franchise, you have the opportunity to run the business as you so choose.
Please help asap
Answer:
true obviously, you can run your buisness however you please its yours
Longview Manufacturing Company manufactures two products (I and II). The overhead costs ($60,500) have been divided into three cost pools that use the following activity drivers:
Number of Labor
Product Number of Orders Transactions Labor Hours
I 15 50 500
II 10 150 2,000
Cost per pool $12,500 $8,000 $40,000
If the number of labor hours is used to assign labor costs from the cost pool, determine the amount of overhead cost to be assigned to Product I.
a. $8,000.
b. $58,000.
c. $9,600.
d. $32,000.
Answer:
a. $8,000.
Explanation:
The computation of the amount of overhead cost assigned to the product I is shown below:
= $40,000 ÷ 2,500 × $500
= $8,000
Hence, the amount of overhead cost assigned to the product I is $8,000
Therefore the correct option is a.
Felicity has modified the location of elements on a form and now needs to ensure that users can navigate using the keyboard. Which option should she use?
Tab order
Keyboard shortcuts
Tools > Align
Tools > Arrange
Answer:
Tab order
Explanation:
Just took it
Answer: A
Explanation:
You have been approached by one of the staff who works testing equipment that passes through your facility. Every day, you receive computers from the university that have been repaired but now need to be tested to ensure that they can work under high stress. This means running them in your test labs. Because the test labs are as stressful on the test equipment as it is on the computers, you have planned for downtime in the past. To get this downtime, you have tried to ensure that effective capacity utilization is about 65 percent. Yet, the staff person has informed you that a backlog of yet-to-be tested equipment is building up. Furthermore, the test equipment is now starting to break at a rate faster than anticipated. To address this issue, you know that the design or maximum capacity is 720 hours and that over the last three weeks, you have spent 600 hours per week testing equipment.
Based on this data, what is our effective capacity utilization?
You have been approached by one of the staff who works testing equipment that passes through your facility. Every day, you receive computers from the university that have been repaired but now need to be tested to ensure that they can work under high stress. This means running them in your test labs. Because the test labs are as stressful on the test equipment as it is on the computers, you have planned for downtime in the past. To get this downtime, you have tried to ensure that effective capacity utilization is about 65 percent. Yet, the staff person has informed you that a backlog of yet-to-be tested equipment is building up. Furthermore, the test equipment is now starting to break at a rate faster than anticipated. To address this issue, you know that the design or maximum capacity is 720 hours and that over the last three weeks, you have spent 600 hours per week testing equipment.
You have been approached by one of the staff who works testing equipment that passes through your facility. Every day, you receive computers from the university that have been repaired but now need to be tested to ensure that they can work under high stress. This means running them in your test labs. Because the test labs are as stressful on the test equipment as it is on the computers, you have planned for downtime in the past. To get this downtime, you have tried to ensure that effective capacity utilization is about 65 percent. Yet, the staff person has informed you that a backlog of yet-to-be tested equipment is building up. Furthermore, the test equipment is now starting to break at a rate faster than anticipated. To address this issue, you know that the design or maximum capacity is 720 hours and that over the last three weeks, you have spent 600 hours per week testing equipment.Based on this data, what is our effective capacity utilization?
A bank currently has $150 million in "hot money" deposits against which it wants to hold an 80 percent reserve and $90 million in vulnerable deposits against which it wants to hold a 30 percent reserve. It also has $45 million in stable deposits against which it wants to hold a 5 percent reserve. Legal reserves for the bank are 5 percent of all deposits. What is the bank's liability liquidity reserve?
Answer:
The right response is "141.7875".
Explanation:
According to the question,
The total reserves held will be:
= [tex]0.8\times 150+0.3\times 90+0.05\times 45[/tex]
= [tex]120+27+2.25[/tex]
= [tex]149.25[/tex]
Deductions will be:
= [tex]5 \ percent \ of \ 149.25[/tex]
= [tex]0.05\times 149.25[/tex]
= [tex]7.4625[/tex]
now,
The bank's liability liquidity reserve will be:
= [tex]Total \ reserves \ held-Deductions[/tex]
= [tex]149.25-7.4625[/tex]
= [tex]141.7875[/tex]
(1) ____ are two of the largest financial institutions in the country.
Answer:
in which country are you referring( if in u.s it is JPMorgan chase &co.)
A company incurs factory overhead costs of $1,200 and applied $1,500. If the difference is considered immaterial, then the:_______
a) adjusting entry will require a debit to Cost of Goods Sold.
b) adjusting entry will require a credit to Cost of Goods Sold.
c) Factory Overhead account has a credit balance of $300 before adjusting.
d) Factory Overhead account has a debit balance of $300 before adjusting.
Answer:
b) adjusting entry will require a credit to Cost of Goods Sold.
c) Factory Overhead account has a credit balance of $300 before adjusting.
Explanation:
Given that
Actual Overhead = $1200 i.e. debited to the factory overhead account
And,
Applied overhead = $1500 i.e. Credited to the factory overhead account
So, the Factory overhead account has a credit balance of $300 prior adjusting
Also the applied overhead is higher than the actual one so the adjusting entry would needed to credit to the cost of goods sold
Tourism is one of the largest economic components of Hawaii.
a. True
b. False
Answer: True
Explanation:
Tourism is regarded as one of the largest economic components of Hawaii.
Tourism is known to generate about 21% of the revenue that Hawaii earns in its economy. The country has many tourist attraction and there are always visitors who come into the country.
Tourism generates employment opportunities for the people, revenue for the government and.bribgs about economic growth.