Answer:
Explanation:
Money multiplier (MM) = Increase in money supply / Purchase of bonds
Money multiplier (MM) = $2,600,000 / $1,000,000
Money multiplier (MM) = 2.6
Reserve deposit ratio (RR) = 0.2
If currency deposit ratio be CR, then,
MM = (1 + CR) / (CR + RR)
2.6 = (1 + CR) / (CR + 0.2)
2.6CR + 0.52 = 1 + CR
1.6CR = 0.48
CR = 0.3
So, the currency-deposit ratio is 0.3
The comparative balance sheets for Pina Colada Corp. show these changes in noncash current asset accounts: accounts receivable decreased $78,500, prepaid expenses increased $28,200, and inventories increased $41,700. Compute net cash provided by operating activities using the indirect method, assuming that net income is $226,500.
Answer:
Cash Flow from Operating Activities
Net Income $226,500
Decrease in Accounts Receivable $78,500
Increase in Prepaid Expenses -$28,200
Increase in Inventories -$41,700
Cash Provided by Operating Activities $235,100
Questlon 5 of 10 What is the source of funds for transactions completed with debit cards?
O A. The source varies by transaction
O B. Bank account
O C. Wages or salary
O D. Independent creditor
The source of funds for transactions completed with debit cards is wages or salary. Thus, option C is correct.
What are Debit card?The account number for a debit card payment is directly connected to the cardholder's bank account. The whole cost of the purchase is instantly subtracted from the account balance of the customer. The issuing bank must verify that the cardholder has enough money to finish the transaction.
Debit cards, often called check cards or bank cards, are payment cards that may be used to make transactions instead of cash. The term "plastic card" refers to both the aforementioned and identification cards. Therefore, it can be concluded that option C is correct.
Learn more about Debit card here:
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What is the major difference
between an attraction and
entertainment?
• An attraction always requires a paid admission.
An attraction can be
part of a travel package.
An attraction is offered year-round.
An attraction offers retail services.
Answer:
The major difference between an attraction and entertainment is
An attraction can be part of a travel package.
Explanation:
Answer:
Answer: An attraction always requires a paid admission.
Explanation:
"Night Shades Inc. (NSI) manufactures biotech sunglasses. The variable materials cost is $1.12 per unit, and the variable labor cost is $1.9 per unit. a. What is the variable cost per unit? b. Suppose the company incurs fixed costs of $420,000 during a year in which total production is 189,000 units. What are the total costs for the year? c. If the selling price is $8.55 per unit, what is the NSI break-even on a cash basis? d. If depreciation is $94,500 per year, what is the accounting break-even point?"
Answer:
Night Shades Inc. (NSI)
a. The variable cost per unit is:
= $3.02.
b. The total costs for the year is:
= $990,780.
c. The NSI break-even on a cash basis is:
= $503,091.
d. The accounting break-even point is:
= $647,150.
Explanation:
a) Data and Calculations:
Variable costs per unit:
Materials = $1.12
Labor = 1.90
Total = $3.02
Total production units = 189,000
Total variable costs = $570,780
Fixed costs = $420,000
Total costs = $990,780
Per unit:
Selling price = $8.55
Variable costs 3.02
Contribution $5.53
Contribution margin in percentage = $5.53/$8.55 * 100 = 64.7%
Fixed costs on cash basis = FC - Depreciation = $325,500 ($420,000 - $94,500)
Break-even point on a cash basis = $325,5000/0.647 = $503,091
Break-even point in sales dollars = $420,000/0.647 = $647,150
The following information was extracted from the first year absorption-based accounting records of Baldwin Corporation Total fixed costs incurred $100,000 Total variable costs incurred 50,000 Total period costs incurred 70,000 Total variable period costs incurred 30,000 Units produced 20,000 Units sold 12,000 Unit sales price $12 Refer to Baldwin Corporation. Based on variable costing, if Baldwin had sold 12,001 units instead of 12,000, its income before income taxes would have been Select one: a. $8.33 higher. b. $11.00 higher. c. $9.50 higher. d. $8.50 higher.
Answer:
is not impospol ok hom many transilet
Juan Martinez, a systems engineer at a construction machinery company, just received his performance appraisal from his boss, Emily Taylor. Although Juan has been mostly an average performer, Emily gave him below average ratings due to the fact that the person who Emily evaluated before Juan was Max Houser, an exceptional performer. This is an example of what type of rating error
Answer: Contrast
Explanation:
Contrast error is a type of rating error whereby how a target person is evaluated in a group is dependent and affected by how others perform in that group.
Contrast error is used in appraising the performance of an individual and the rating of a candidate will be affected by how the person before him or her was rated. Based on the question, Juan was rated below average because the person before him was given an exceptional rating.
During the month of June, Indigo Boutique recorded cash sales of $274,990 and credit sales of $165,636, both of which include the 7% sales tax that must be remitted to the state by July 15. Prepare the adjusting entry that should be recorded to fairly present the June 3
Answer and Explanation:
The journal entry is shown below
Sales tax (($257,000 + $154,800) ×7%) $28,826
To sales tax payable $28,826
(Being the sales tax expense is recorded)
Here the sales tax is debited as it increased the expense and credited the sales tax payable as it also increased the liability
The calculation is as follows;
= $27,4990 ×100 ÷ 107
= $257,000
And,
= $165,636 × 100 ÷ 107
= $154,800
The crowding out effect: increases the multiplier effect, so that an increase in taxes reduces income by more. increases the multiplier effect, so that an increase in taxes reduces income by less. decreases the multiplier effect, so that an increase in taxes reduces income by more. decreases the multiplier effect, so that an increase in taxes reduces income by less.
Answer: decreases the multiplier effect, so that an increase in taxes reduces income by more.
Explanation:
The multiplier effect is the increase aggregate production in the economy due to an increase in spending by the government. A crowding out effect refers to when the spending by the government is at the expense of the private sector such that the private sector is unable to invest and grow.
The multiplier effect will therefore decrease as private investment slows. This leads to lower incomes for people as the economy is not expanding. If the government were to tax people at that point, it would take more of their income than less.
Bonaime, Inc., has 7.7 million shares of common stock outstanding. The current share price is $62.70, and the book value per share is $5.70. The company also has two bond issues outstanding. The first bond issue has a face value of $71.7 million, a coupon rate of 7.2 percent, and sells for 89.5 percent of par. The second issue has a face value of $36.7 million, a coupon rate of 8.2 percent, and sells for 88.5 percent of par. The first issue matures in 22 years, the second in 14 years. The most recent dividend was $3.70 and the dividend growth rate is 8 percent. Assume that the overall cost of debt is the weighted average of that implied by the two outstanding debt issues. Both bonds make semiannual payments. The tax rate is 30 percent.
What is the company’s cost of equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Cost of equity %
What is the company’s aftertax cost of debt? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Aftertax cost of debt %
What is the company’s equity weight? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)
Equity weight
What is the company’s weight of debt? (Do not round intermediate calculations and round your answer to 4 decimal places, e.g., 32.1616.)
Debt weight
What is the company’s WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
WACC
Answer:
Bonaime, Inc.
1. The company's cost of equity = 5.90%
2. The company's after-tax cost of debt = 5.92%
3. The company's equity weight = 83.32%
4. The company's debt weight = 16.68%
5. The company's WACC = 5.9035%
Explanation:
a) Data and Calculations:
Common stock outstanding = 7.7 million shares
Current share price = $62.70
Book value per share = $5.70
Most recent dividend per share = $3.70
1. Cost of equity = Dividend/Current share price = $3.70/$62.70 = 5.90%
Value:
Book value = 7.7 million * $5.70 = $43,890,000
Market value = 7.7 million * $62,70 = $482,790,000
Bonds outstanding: First Bonds Second Bonds Total
Face value = $71,700,000 $36,700,000 $108,400,000
Coupon rate 7.2% 8.2%
Annual coupon payment $5,162,400 $3,009,400 $8,171,800
Market value per bond 89.5% 88.5%
Market value of bonds $64,171,500 $32,479,500 $96,651,000
Before tax cost of debt = $8,171,800/$96,651,000 = 0.08455
2. After tax cost of debt = 5.92% (0.08455 * (1 - 0.30))
3. The company's equity weight = Equity Market Value/Total Firm's Value
= $482,790,000/$579,441,000
= 83.32%
4. The company's debt weight = 1 - 0.8332
= 16.68%
5. The company's WACC = Cost of equity * Weight + Cost of Debt * Weight
= (5.90% * 83.32%) + (5.92% * 16.68%)
= (0.0590 * 0.8332) + (0.0592 * 0.1668)
= 0.04916 + 0.009875
= 0.059035
= 5.9035%
b) The costs of equity and debts are based on their market values instead of the book value. The market values are always more relevant in capital decision-making than the book values.
Income after deducting vacancy, collection losses and adding in income from other sources that is available to pay expenses is referred to as:
Answer: Effective gross income
Explanation:
The income after vacancy, collection losses has been deducted and adding income from other sources that is available is added to pay expenses ia called the effective gross income.
Effective gross income can be calculated when the potential gross rental income is added with income and then the vacancy and the credit costs of a rental property is subtracted.
The effective gross income is important as it helps in determining the rental property value and also the true positive cash flow that can be produced.
The manager of the Quick Stop Corner Convenience Store (which never closes) sells four cases of Stein beer each day. Order costs are $8.00 per order, and Stein beer costs $.80 per six-pack (each case of Stein beer contains four six-packs). Orders arrive three days from the time they are placed. Daily holding costs are equal to five percent of the cost of the beer.
1. At what point should he reorder Stein beer?
A. 0 cases remaining
B. 4 cases remaining
C. 12 cases remaining
D. 16 cases remaining
E. 20 cases remaining
2. If he were to order 16 cases of Stein beer at a time, what would be the length of an order cycle?
A. 0.25 days
B. 3 days
C. 1 day
D. 4 days
E. 20 days
3. If he were to order 16 cases of Stein beer at a time, what would be the average inventory level?
A. 4 cases
B. 12 cases
C. 8 cases
D. 20 cases
E. 16 cases
4. If he were to order 16 cases of Stein beer at a time, what would be the daily total inventory costs, EXCLUDING the cost of the beer?
A. $2.00
B. $4.00
C. $1.28
D. $3.28
E. $2.56
5. What is the economic order quantity for Stein beer?
A. 8 cases
B. 11 cases
C. 14 cases
D. 20 cases
Answer:
1. C. 12 cases remaining
2. B. 3 days
3. A. 4 Cases
4. A. $2.00
5. B. 11 cases
Explanation:
4 cases of beer are sold everyday. The ordering cost is $8.00 per order,
Reorder point = Lead time * Units demanded per day
Reorder point = 3 days * 4 cases of beer = 12 cases remaining
Economic Order Quantity = [tex]\sqrt{\frac{2* Annual demand * Ordering cost}{Holding cost per unit} }[/tex]
EOQ = 11 cases
Information you might study in a particular class is called (blank)
an elective
a club
curriculum
an internship
Answer:
curriculum is the correct answer right no
Answer:
Information you might study in a particular class is called curriculum
Assume a portfolio is worth $70,000, consisting of X, Y, and cash. Also assume you invested $35,000 in X, $14,000 in Y and the rest in cash, and that X and Y have betas of 1.45 and 0.80 respectively. Calculate the portfolio beta. (Provide numerical answer to 3 decimal places.)
Answer:
0.885
Explanation:
Beta measures systemic risk. The higher beta is, the higher the systemic risk and the higher the compensation demanded for by investors
The portfolio's beta can be determined by adding together the weighted beta of each stock in the portfolio
weighed beta of a stock = percentage of the stock in the portfolio x beta of the stock
Percentage of x = $35,000 / 70,000 = 0.5 = 50%
Percentage of y = $14,000 / 70,000 = 0.2 = 20%
Percentage of cash = 100 - (50 + 20) = 30%
Cash usually have a beta of zero
portfolio beta = (0.5 x 1.45) + (0.2 x 0.8) + (0.3 x 0) =
0.725 + 0.16 + 0 = 0.885
0.725
0.16
Sally took out a $70,000, 5-year term policy at age 45. The premium per $1,000
was $4.21. She will be 50 years old this year. The premium per $1,000 will be
$5.90. What is the percent increase?*
40%
45%
42%
52%
K
REMAX, a real estate company in Houston, performed an analysis of 500 Houston homes they sold last year. Each home was categorized by initial asking price and number of days the home was listed before it sold. Reference Equations Number of Homes: Initial Asking Priceless or equal than$200,000 Initial Asking Price> $200,000 Total Days Listed Until Sold less or equal than30 125 95 220 Days Listed Until Sold >30 115 165 280 Total 240 260 500 Find P(price > $200,000 and sold less or equal than 30 days). a. 0.3654 b. 0.1900 c. 0.2288 d. 0.4318
Answer: 0.1900
Explanation:
To find P(price > $200,000 and sold less or equal than 30 days), we have to look at the reference equation table and then look out for the point whereby price is greater than $200000 and sold less or equal than 30 days.
Based on the information given, this will be at a point where we've 95. Since the overall possible outcome is 500, then P(price > $200,000 and sold less or equal than 30 days) will be:
= 95/500
= 0.1900
The correct option is B.
Red Co. had the following transactions through December 31: Cash proceeds from the sale of investment in Gold Co. stock $ 15,000 Dividends received on investment in Blue Co. stock $ 10,000 Repaid principal on a loan to the bank $ 35,000 Acquired investment in Yellow Co. stock $ 75,000 Proceeds from the disposal of factory equipment $ 12,000 What amount should Red report as net cash used by investing activities in its statement of cash flows for the period ended December 31
Answer:
Red Co.
The amount that Red Co should report as net cash used by investing activities in its statement of cash flows for the period ended December 31 is:
= $38,000.
Explanation:
a) Data and Calculations:
Investing activities section of the Statement of Cash Flows:
Sales of investment in Gold Co stock $15,000
Dividends received on Blue Co. stock 10,000
Purchase of investment in Yellow Co (75,000)
Proceeds from the disposal of equipment 12,000
Net cash used by investing activities $38,000
Which of the following is an example of a good with elastic supply in the short run?
Answer: passenger airplanes
Explanation:
Suppose the Alaskan king crab harvest is unregulated and any person with a crab boat and some diesel fuel can go offshore, lower a crab pot, and harvest king crab. As a result, this common resource is overused. Which policy choice might produce the socially optimal king crab harvest
Answer: A. Alaska auctions a limited number of licenses to harvest king crab.
Explanation:
The options include:
A. Alaska auctions a limited number of licenses to harvest king crab.
B. The U.S. and Canadian governments remove trade barriers, which allows for more trade of products like king crab.
C. Alaska removes taxes on diesel fuel, which lowers the price of diesel.
D. Alaska subsidizes the purchase of crab boats.
The socially optimal level of output will be achieved when there's allocative efficiency. It is the level whereby market failure is curtailed.
The policy choice that might produce the socially optimal king crab harvest is for Alaska to auction a limited number of licenses to harvest king crab.
This will help in the reduction at which the resource is overused as there'll be regulation and reduction in the number of person that can harvest king crab.
S Company reported net income for 2021 in the amount of $460,000. The company's financial statements also included the following: Increase in accounts receivable $ 83,000 Decrease in inventory 66,000 Increase in accounts payable 270,000 Depreciation expense 101,000 Gain on sale of land 142,000 What is net cash provided by operating activities under the indirect method
Answer:
$672,000
Explanation:
Net income
$460,000
Less:
Increase in accounts receivable
($83,000)
Add:
Decrease in inventory
$66,000
Add:
Increase in accounts payable
$270,000
Add:
Depreciation expense
$101,000
Less:
Gain on sale of land
($142,000)
Net cash
$672,000
Therefore, the net cash provided by operating activities under the indirect method is $672,000
Tying sales happen when Select the correct answer below: a customer is required to buy one product only if the customer also buys a second product. two or more products are sold as one. firms divide markets by allocating customers. an existing firm reacts to a new firm by dropping prices very low until the new firm is driven out of the market.
Answer:
a customer is required to buy one product only if the customer also buys a second product.
Explanation:
Tying sales means the circumstance in which a customer is needed to purchase other item so that he or she is able to acquire the commodity
So here it refers that the situation where the customer is needed to purchase one product only in the case when the customer also purchased the second product
Therefore as per the given situation, the first option is correct
On April 1, George Hart, Jr. acquired a 25 percent interest in the Wilson, Hart, and Company partnership by gift from his father. The 25 percent partnership interest had been acquired by a $50,000 cash investment by Hart, Sr. 10 years ago. The fair market value of Hart, Sr.'s partnership interest was $60,000 at the time of the gift. Hart, Jr. sold the 25 percent interest for $85,000 on December 17. What type and amount of capital gain should Hart, Jr. report on his tax return
Answer:
long-term capital gain of $25,000.
Explanation:
Based on the information given the type and amount of capital gain Hart, Jr. Should report on his tax return is A LONG-TERM CAPITAL GAIN OF the amount of $25,000. Calculated as:
Long-term capital gain=Interest sold-Partnership interest fair market value
Let plug in the formula
Long-term capital gain=$85,000-$60,000
Long-term capital gain=$25,000
Therefore Hart, Jr. Should report on his tax return is A LONG-TERM CAPITAL GAIN OF $25,000
A large computer software firm promised a client that it could deliver a new operating system on a tight deadline and put Keith in charge of the project. Which best explains why Keith qualifies for such a position?
a) He has a deep understanding of operating systems, is creative, works well with others, and can break down large projects into small pieces.
b) He is a good communicator and motivator, can keep a secret when dealing with confidential material, and can quickly learn about operating systems.
c) He has a deep understanding of network systems, is a problem solver who can make decisions on his own, and stays focused when working alone.
d) He has a deep understanding of website design, can quickly identify and fix errors, and can break down large projects into small pieces.
Answer:
d) He has a deep understanding of website design, can quickly identify and fix errors, and can break down large projects into small pieces.
Explanation:
For a large computer software company on a tight deadline who puts Keith in charge of the project, the best explanation as to why Keith is qualified for the job is that he has a deep understanding of website design, can quickly identify and fix errors, and can break down large projects into small pieces.
This skill is necessary to complete a job such s this successfully and on time without extra delays
Answer:
d) He has a deep understanding of website design, can quickly identify and fix errors, and can break down large projects into small pieces.
Explanation:
For a large computer software company on a tight deadline who puts Keith in charge of the project, the best explanation as to why Keith is qualified for the job is that he has a deep understanding of website design, can quickly identify and fix errors, and can break down large projects into small pieces.
This skill is necessary to complete a job such s this successfully and on time without extra delays
Explanation:
Kannitha is concerned about union organizing activities among her employees. She knows that one employee, Joao, is anti-union and not attending any of the organizing meetings. Kannitha asks Joao to start attending and to report back to her on what is happening so they can keep the union from forming. Joao does so and lets Lauren know what is being said at the meetings. It appears Lauren violated which of the NLRB’s NO TIPS rules regarding what management cannot do during labor elections.
A) no threats.
B) no interrogations.
C) no promises.
D) no spying.
Answer:
d
Explanation:
The tips rules reminds management what they cannot do during labour union elections. They include :
spying - this is secretly monitoring what is going on in labour union
Interrogations
threats
Fixed costs are $1500000 and the variable costs are 75% of the unit selling price. What is the break-even point in dollars?
Answer:
$6,000,000
Explanation:
Calculation to determine the break-even point in dollars
Using this formula
Break-even point (Dollars)=Fixed costs/(1-Variable costs percentage of unit selling price)
Let plug in the formula
Break-even point (Dollars)=$1,500,000/ (1-.75)
Break-even point (Dollars)=$1,500,000/.25
Break-even point (Dollars)=$6,000,000
Therefore the break-even point in dollars is $6,000,000
Rover Corporation purchased a truck at the beginning of 2017 for $109,200. The truck is estimated to have a salvage value of $4,200 and a useful life of 120,000 miles. It was driven 21,000 miles in 2017 and 29,000 miles in 2018. What is the depreciation expense for 2018
Answer:
Annual depreciation= $25,375
Explanation:
Giving the following information:
Purchase price= $109,200
Salvage value= $4,200
Useful life in miles= 120,000
To calculate the depreciation expense, we need to use the units-of-activity method:
Annual depreciation= [(original cost - salvage value)/useful life of production in miles]*miles operated
2018:
Annual depreciation= [(109,200 - 4,200) / 120,000]*29,000
Annual depreciation= 0.875*29,000
Annual depreciation= $25,375
Questions 1. Do you think Harvard was right in inviting Chelsea Manning to become a Visiting Fellow? Why or why not?
Answer:
no i dont becuase she a spy
Explanation:
The marketing manager at Home Depot works with Hunt Advertising to coordinate all promotional messages for a product or a service. For example, to sell the new line of lighting fixtures, the marketing manager and Hunt Advertising make sure that all messages are consistent at every contact point at which Home Depot interacts with the consumer. This is an example of _______. a. AIDA model b. content marketing c. integrated marketing communications (IMC) d. promotional mix
Answer:
The answer is "Choice d"
Explanation:
The Advertising Mix is the integration of publicity, personal selling, advertising, and marketing. To maintain a sustainable mix of those promotional resources, advertisers need to look only at the following questions. It really is the company's promotional software. With the assistance of the marketing manager and a 3rd parties advertiser, they sell the offering.
Decentralizing Group of answer choices Is a trend that creates a head-quarter office Organizes business in independent business units Creates a more complex and less robust organization Decisions are made at the headquarters
Crane and Miller Manufacturing is trying to determine the equivalent units for conversion costs with 10900 units of ending work in process at 80% completion and 31600 physical units. There are no beginning units in the department. Conversion costs occur evenly throughout the entire production period. What are the equivalent units for conversion costs for the current period?
Answer:
the equivalent units for the conversion cost is 29,420 units
Explanation:
The computation of the equivalent units for the conversion cost is shown below:
= units completed + ending inventory units
= (31,600 units - 10,900 units) + 80% of 10,900 units
= 20,700 units + 8,720 units
= 29,420 units
hence, the equivalent units for the conversion cost is 29,420 units
Bing Corporation acquired two inventory items at a lump-sum cost of $120,000. The acquisition included 3,000 units of product LF, and 7,000 units of product 1B. LF normally sells for $30 per unit, and 1B for $10 per unit. If Bing sells 1,000 units of LF, what amount of gross profit should it recognize
Answer: $7,500
Explanation:
3,000 units of LF normally costs:
= 3,000 * 30
= $90,000
7,000 units of 1B normally costs:
= 7,000 * 10
= $70,000
Together they cost:
= 90,000 + 70,000
= $160,000
Use this to calculate the proportional cost of LF from the lump sum:
= 90,000 / 160,000 * 120,000
= $67,500
Cost per unit of LF purchased at lump sum cost:
= 67,500 / 3,000 units
= $22.50
Gross profit:
= (Selling price - Cost per unit) * 1,000 units
= (30 - 22.50) * 1,000
= $7,500