Answer:
Area of the Shaded Region = 0.6293
Explanation:
Given - The graph to the right depicts IQ scores of adults, and those scores are normally distributed with a mean of 100 and a standard deviation of 15.
Shaded region is 95.
To find - Find the area of the shaded region.
Proof -
As given that, Shaded region is 95
So,
Area of shaded region is
P(X > 95)
= [tex]P(z > \frac{95 - 100}{15})[/tex]
= [tex]P(z > \frac{-5}{15})[/tex]
= P(z > -0.33)
= 1 - P(z ≤ -0.33)
= 1 - 0.3707
= 0.6293
∴ we get
Area of the Shaded Region = 0.6293
Indicate the effect each separate transaction has on investing cash flows. (Amounts to be deducted should be indicated with a minus sign.)
a. Sold a truck costing $40,000, with $22,000 of accumulated depreciation, for $8,000 cash. The sale results in a $10,000 loss.
b. Sold a machine costing $10,000, with $8,000 of accumulated depreciation, for $5,000 cash. The sale results in a $3,000 gain.
c. Purchased stock investments for $16,000 cash. The purchaser believes the stock is worth at least $30,000.
Answer:
a. Increase $8,000
b. Increase $5,000
c. Decrease $16,000
Explanation:
We focus on Investment Activities only
Sale of a Truck
Sale of a Machine
Purchase of Stock Investment
Terp Corp.'s transactions for the year ended December 31, 2021 included the following: Purchased real estate for $1,250,000 cash which was borrowed from a bank. Sold investment securities for $1,000,000. Paid dividends of $1,200,000. Issued 500 shares of common stock for $500,000. Purchased machinery and equipment for $250,000 cash. Paid $900,000 toward a bank loan. Reduced accounts receivable by $200,000. Increased accounts payable $400,000. The net cash used in financing activities for 2021 was
Answer:
$1,600,000
Explanation:
Cashflow from financing activities
Dividends ($1,200,000)
Issue of Stocks $500,000
Bank Loan Repayment ($900,000)
Net Cash flow ($1,600,000)
thus
The net cash used in financing activities for 2021 was $1,600,000
What is the basic purpose of the consumer price index (CPI)? A. to track monthly changes in prices paid by urban consumers B. to track consumer spending on thousands of goods and services C. to predict future price increases for representative goods and services D. to predict and avoid deflation, or a decline in the general level of prices
Answer:
A). to track monthly changes in prices paid by urban consumers.
Explanation:
CPI(Consumer Price Index) is characterized as 'a statistical estimate of the price level of goods and services bought by consumers for consumption purposes by the households.' It primarily aims to estimate the change or swap in the prices of the weighted average price of the common basket(consumption goods, as well as, services that the consumers pay for). It is calculated using the formula;
[tex]CPI_{t} = \frac{C_{t} }{C_{0} } * 100[/tex]
where,
[tex]CPI_{t}[/tex] = current Consumer Price Index
[tex]C_{t}[/tex] = Current price basket
[tex]C_{0}[/tex] = Cost of price basket in the base year
It assists in deducing whether the average prices have received a fall or rise and determines inflation or deflation. Thus, option A is the correct answer.
A similarity between monopoly and monopolistic competition is that in both market structures a. there are only a few buyers but many sellers. b. there are a small number of sellers. c. sellers are price makers rather than price takers. d. strategic interactions among sellers are important.
Answer:
c
Explanation:
A monopolistic competition is when there are many firms selling differentiated products in an industry. A monopolistic competition has characteristics of both a monopoly and a perfect competition. the demand curve is downward sloping. it sets the price for its goods and services.
An example of monopolistic competition are restaurants
When firms are earning positive economic profit, in the long run, firms enter into the industry. This drives economic profit to zero
If firms are earning negative economic profit, in the long run, firms leave the industry. This drives economic profit to zero
in the long run, only normal profit is earned
A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms. the demand curve is downward sloping. it sets the price for its goods and services.
An example of a monopoly is a utility company
A price maker is a seller that sets the price for its goods and services. A monopoly and a monopolistic competition are price makers
A city government adds streetlights within its boundaries at a total cost of $300,000. These lights should burn for at least 10 years but can last significantly longer if maintained properly. The city develops a system to monitor these lights with the goal that 97 percent will be working at any one time. During the year, the city spends $48,000 to clean and repair the lights so that they are working according to the specified conditions. The city also spends another $78,000 to construct lights for several new streets. Prepare the entries assuming infrastructure assets are capitalized with depreciation recorded on government-wide financial statements. Prepare the entries assuming infrastructure assets are capitalized with government using the modified approach on government-wide financial statements.
Answer: See explanation
Explanation:
a. Prepare the entries assuming infrastructure assets are capitalized with depreciation recorded on government-wide financial statements.
1. Debit: Infrastructure assets—street lights $300,000
Credit: Cash $300,000
(To record cash purchase of street light
2. Debit: Depreciation expense $300,000/10 = $30,000
Credit: Accumulated depreciation—infrastructure assets $30,000
(To record depreciation expense)
3. Debit: Maintenance expense—infrastructure assets $48000
Credit: Cash $48000
(To record maintenance expense)
4. Debit: Infrastructure assets—street lights $78000
Credit: Cash $78000
(To record cash expense for new light)
b. Prepare the entries assuming infrastructure assets are capitalized with government using the modified approach on government-wide financial statements.
1. Debit: Infrastructure assets—street lights $300,000
Credit: Cash $300,000
(To record purchase of street light)
2. Debit: Maintenance expense—infrastructure assets $48000
Credit: Cash $48000
(To record maintenance expense)
3. Debit: Infrastructure assets—street lights $78000
Credit: Cash $78000
(To record cash expense for new light)
It is important when regulating a market with a natural monopoly to maintain on going business incentives for the firm involved. A cost-plus approach to regulating a market does not provide this. What would a benefit to not utilizing a cost plus approach to regulation be
Answer:
The natural monopoly will have incentives for efficiency and innovation
Explanation:
Monopoly my be defined as taking or having an excessive control or charge over the trade of a particular commodity or product or the control over the supply of a particular product on the market by one particular group or person.
In the context, the cost-plus approach requires the monopoly in order to change the price which includes normal return to the average cost. So the monopolist does not have any incentive for innovating efficient technology so as to reduce its cost. Thus we can promote innovation and efficiency by not using the cost plus policy.
When researching and planning for your future career, you should consider these things about yourself?
O your hobbies and interests
O your personality
o the things you do well
o all of the above
Social Security Multiple Choice Is a Defined Benefit Pension Plan Is offered by local governments Is an optional Pension Plan Is a Defined Contribution Pension Plan g
Answer:
In simple words, Retired, incapacity, as well as survivor payments are all part of the Social Security program. In its nature, it is very much like a defined benefit pension plan.
Most employees contribute Social Security levies on their income to apply for many of these claims; claimants' advantages are dependent on the wages earner's payments. Aside from that, benefits like Supplemental Security Income (SSI) are dependent on use.
Information related to plant assets, natural resources, and intangible assets at the end of 2022 for Tamarisk, Inc. is as follows: buildings $1,140,000, accumulated depreciation—buildings $652,000, goodwill $421,000, coal mine $509,000, and accumulated depletion—coal mine $107,000. Prepare a partial balance sheet of Tamarisk, Inc. for these items.
Answer:
Partial balance sheet of Tamarisk, Inc.
Non Current Assets :
Buildings $1,140,000
Less accumulated depreciation—buildings ($652,000) $488,000
Coal mine $509,000
Less accumulated depletion—coal mine ($107,000) $402,000
Goodwill $421,000
Total $1,311,000
Explanation:
The Items above are Non- Current Assets. Non Current Assets are resources expected to generate economic benefits for a period exceeding 12 months.
Suppose you win the Publishers Clearinghouse $10 million sweepstakes. The money is paid in equal annual end-of-year installments of $333,333.33 over 30 years. If the appropriate discount rate is 5%, how much is the sweepstakes actually worth today
Answer:
the actual worth today is $5,124,150.29
Explanation:
The computation of the actual worth today is as follows:
= (Year end annual payments) ÷ (rate of interest) × (1 - (1 + rate of interest)^-time period
= ($333,333.33) ÷0.05 × (1 - (1 + 0.05)^-30
= $5,124,150.29
hence, the actual worth today is $5,124,150.29
The above formula should be applied
Roberto Corporation was organized on January 1, 2021. The firm was authorized to issue 84,000 shares of $5 par common stock. During 2021, Roberto had the following transactions relating to shareholders' equity: Issued 10,800 shares of common stock at $6.00 per share. Issued 20,400 shares of common stock at $8.20 per share. Reported a net income of $108,000. Paid dividends of $59,000. Purchased 3,100 shares of treasury stock at $10.20 (part of the 20,400 shares issued at $8.20). What is total shareholders' equity at the end of 2021
Answer:
$249,460
Explanation:
Calculation to determine the total shareholders' equity at the end of 2021
Issued of stock $64,800
(10,800 shares * $6.00 per share)
Issued of stock $167,280
(20,400 shares * $8.20 per share)
Net income $108,000
Less dividends ($59,000)
Less Treasury stock $31,620
( 3,100 shares* $10.20)
Total shareholders' equity $249,460
Therefore total shareholders' equity at the end of 2021 is $249,460
SegR-7268 Corporation has two divisions, East and West. The following information was taken from last year's income statement segmented by division: East Division West Division Sales $3,700,000 $2,300,000 Contribution margin $1,650,000 $1,000,000 Divisional segment margin $1,100,000 $350,000 Net operating income last year for SegR-7268 Corporation was $600,000. In last year's income statement segmented by division, what were SegR-7268's total common fixed expenses?
a. $2,050,000
b. $850,000
c. $2,300,000
d. $1,200,000
Answer:
b. $850,000
Explanation:
Divisional Segment Margin = $1,100,000 + $350,000
Divisional Segment Margin = $1,450,000
Net Operating Income = $600,000
Common fixed expenses = Divisional Segment Margin - Net Operating Income
Common fixed expenses = $1,450,000 - $600,000
Common fixed expenses = $850,000
So, SegR-7268's total common fixed expenses will be $850,000.
Daniel was surprised his store ran out of marshmallows so quickly. This typically does not happen during the spring, so he runs a(n) ________ to gather unplanned information to support if he should stock up on marshmallows.
Answer:
Ad-hoc report
Explanation:
From the question we are informed about how Daniel was surprised his store ran out of marshmallows so quickly. This typically does not happen during the spring, so in this case, he runs an Ad-hoc report to gather unplanned information to support if he should stock up on marshmallows.
Ad hoc report can be regarded as
a report that is created just for a one-time-use I e for a specific purpose.
With the use of BI tool there is possibility of anyone in an organization answering a specific business question and give presentation of that data in a visual format, even without given IT staff problems, Ad hoc report is different from structured report.
In Finance, _____ because _____. getting a return below your required return is OK; at least you are getting a return Cash is King; it is the only thing you can spend or invest investing in a projet in which not everyone is repaid his investment is OK; at least everyone is paid something
Answer: Cash is King; it is the only thing you can spend or invest
Explanation:
Finance is all about cash. Its all about getting cash from those who have it to those who need it so that the latter can invest and earn returns for both them and the people who invested the cash.
Simply put therefore, cash is king in finance. It is the only thing that can be invested so that one gets a return or can be spent so that one's needs are fulfilled. Indeed the term finance means the provision of cash which is why the field is so important. It is safe to say that there can be no economic growth without finance.
New shoes are on SALE. You find a pair you like for $85 dollars. But you only have $45 with you. So, you pay $40 and
Answer:
Explanation:Answer:
The balance amount owned in six months is $ 46.8
Explanation:
Given as :
The price of new shoes = $85
The amount paid for the shoes = $ 40
The balance amount for the shoes = $85 - $40 = $ 45
The rate of interest = 8%
the time period = 6 months = 0.5 years
From simple method
Simple interest =
or, Simple interest =
Or, Simple interest = = $1.8
So, Amount = Principal + Interest
or, Amount = $45 + $1.8 = $ 46.8
Which performance management evaluation criterion reflects the extent to which a performance measure assesses all the relevant - and only the relevant - aspects of performance
Answer:
E. Validity
Explanation:
This are options for the question
A. Reliability
B. Strategic congruence
C. Acceptability
D. Specificity
E. Validity
Performance evaluation can be regarded as process whereby manager or consultant carry out examination or evaluatation of an employee's work behavior through comparisons of it with preset standards, then the results of the comparison is documentd and uses to provide feedback to the employees and point where improvements are needed as well as reason why. Validity which is one of criterion for performance management evaluation gives reflection of the extent that a performance measure is been assessed with all the relevance aspects of performance
Indi and Indrani are sisters who own a software development company. Demand has been increasing for their products and services and the sisters are contemplating whether to open up a satellite office in Austin. They estimate it would add $7 million in expenses and a profit of $12.5 million in total over the next 5 years (all other things equal). Indi and Indrani decide
Answer:
open an new office because the expected marginal benefit ($12.5 million over 5 years) is greater than the estimated marginal cost ($7 million)
Explanation:
The computation is shown below;
Given that
Total marginal benefit = 12.5 million
And, the Total marginal cost = 7 million
Based on the above information
We can see that the new office should be opened as the marginal benefit would be more than the marginal cost
Therefore the first option is correct
And, the rest of the options would be incorrect
cegg The change in the optimal objective function value per unit increase in the right-hand side of a constraint is given by the Group of answer choices shadow price. objective function coefficient. None of the choices listed here. allowable increase. restrictive cost.
Answer:
Shadow price
Explanation:
A shadow price can be understood as the hypothetical price for everything that is n't currently priced or distributed in the economy. It's commonly utilized in cost analysis to measure intangible properties, and it could also be utilized by analysts to determine the actual worth of a commodity market share or even to value spillovers.
Thus, from the above we can conclude that the correct answer is shadow price.
The direct materials and direct labor budgets provide information for preparing the Group of answer choices sales budget. production budget. manufacturing overhead budget. cash budget.
Answer:
The correct answer is the last option: Cash budget.
Explanation:
To begin with, the term known as "Cash Budget" in the field of finances and business management refers to the type of budget that specifically focus on the estimation of the cash flows of the company in a particular amount of time. Therefore that this budget helps the organization to see how much of cash they are having and more importantly how it flows over a given period of time that could be either a week, a month or a year, etc. It is necessary to manage to a certain level of sales and control de expenditures in order to have a good cash flow which is monitored by the cash budget.
Xavier Co. wants to purchase a machine for $36,600 with a four year life and a $1,200 salvage value. Xavier requires an 8% return on investment. The expected year-end net cash flows are $11,600 in each of the four years. What is the machine's net present value
Answer:
$2702.71
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
NPV can be calculated using a financial calculator
Cash flow in year 0 = $-36,600
Cash flow in year 1 - 3 = $11,600
Cash flow in year 4 = $11,600 + $1,200
I = 8%
NPV = 2702.71
To find the NPV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
Zonk Company needs to raise $47.5 million to fund a new project. The company will sell shares at a price of $27.90 in a general cash offer and the company's underwriters will charge a spread of 6 percent. The direct flotation costs associated with the issue are $650,000. How many shares need to be sold?
Answer:
Zonk Company
The number of shares that needs to be sold is:
= 1,842,569 shares.
Explanation:
a) Data and Calculations:
Amount needed to fund a new project = $47,500,000
Selling price per share = $27.90
Proceed per share after underwriter's spread = $26.132 ($27.80 * (1 - 0.06)
Underwriters spread per share = 6% * $27.80 = $1.668
Direct flotation costs = $650,000
Number of shares to float = ($47,500,000 + $650,000)/$26.132
= 1,842,569 shares
Expanded Proof:
Proceeds from share issue = $51,223,418 (1,842,569 * $27.80)
less underwriter's spread = 3,073,405 (1,842,569 * $1.668)
Net proceeds before flotation $48,150,013
less direct flotation costs = 650,000
Funds raised = $47,500,013
Identify the type of adjustment that would most likely be needed. Business B purchased a piece of equipment to be used in operations for $5,000 during the middle of October. Today is December 31st, the end of the 4th quarter and financial reports are being produced. g
Answer: c . Depreciation
Explanation:
When accounting for fixed assets, it is important that they are recorded at their book value to reflect the effects of being utilized. This means that depreciation needs to be charged on fixed assets.
Even though the equipment in question was only purchased 2.5 months prior to the financial reports being made, depreciation still needs to be accounted for such that the equipment is represented at its book value in the financial statement.
Multiple Choice Questions _which level of management is responsible for establishing a vision for the organization, developing broad plans and strategies and directing of an organization set by executives?
Answer: Executive manager (Top manager)
Explanation:
Answer:
Top Level Managment
Explanation:
The level of management at which the managers are responsible for implementing and controlling the plans and strategies of the organization is Top Level Management. The top level managers are responsible to formulate plans and policies to achieve the set of organizational objectives.
The ___ act requires companies to produce both an internal control report and an external audit.
A. Securities and Exchange
B. Dodd-Frank
C. Sarbanes-Oxley
D. Uniform Accounting
The Sarbanes-Oxley act requires companies to produce both an internal control report and an external audit.
The Sarbanes-Oxley Act (SOX) is a federal law enacted by the United States Congress in 2002 to improve corporate governance and financial reporting by public companies.
The act was a response to a series of high-profile accounting scandals in the early 2000s, such as Enron, WorldCom, and Tyco, which eroded investor confidence and caused significant financial losses for stakeholders.
Learn more about Sarbanes-Oxley act, here
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Sam has two jobs, one for the winter and one for the summer. In the winter, he works as a lift attendant at a ski resort where he earns $13 per hour. During the summer, he drives a tour bus around the ski resort, earning $11 per hour. Assume that Sam has an upward-sloping labor supply curve. If the opportunity cost of Sam's leisure time increases, he will respond by working:__________
Answer:
more hours
Explanation:
Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives
time is a limited resource that has to be shared between work and leisure. If the opportunity cost of leisure increases, it means he is giving up more work to rest. As a result, he would increase his work hours
Bonita Industries received $108000 in cash and a used computer with a fair value of $384000 from Carla Vista Co. for Bonita Industries's existing computer having a fair value of $492000 and an undepreciated cost of $461700 recorded on its books. The transaction has no commercial substance. How much gain should Bonita recognize on this exchange, and at what amount should the acquired computer be recorded, respectively
Answer:
$30,300 and $384,000
Explanation:
The computation of the gain and the amount should acquired is shown below;
The gain is
= Fair value - undepreciable cost
= $492,000 - $461,700
= $30,300
And, the amount at which the computed should be recorded is equivalent to the fair value i..e $384,000
The same is considered and relevant
Hillary considers herself a shrewd commodities investor. She bought a May cotton contract (50,000 pounds) at a pound, and later sold it at a pound. What were her profit and her return on invested capital if her initial margin was and the size of a cotton futures contract is 50,000 pounds of cotton?
Answer: See explanation
Explanation:
Based on the information given in the question, the profit will be calculated as:
Profit = (Selling price - Buying Price) × Size
= ($0.6485 - $0.6264)*50,000
= $0.0221 × 5000
= $1,105
Then, the return on the invested capital will be:
= Profit/Initial Margin
= 1105/1060
= 1.0425
= 104.25%
Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following information is available for the current period:
Office Expenses Total Allocation Basis
Salaries $ 31,000 Number of employees
Depreciation 20,500 Cost of goods sold
Advertising 41,500 Net sales
Item Drilling Grinding Total
Number of employees 1080 1620 2700
Net sales 326,625 477,375 804,000
Cost of goods sold 76,500 127,500 204,000
The amount of the total office expenses that should be allocated to Grinding for the current period is (Do not round your intermediate calculations.)
a) $56,054.
b) $46,204.
c) $93,000.
d) $36,954.
e) $600,000.
Answer:
a) $56,054.
Explanation:
The computation of the amount of the total office expenses that should be allocated to Grinding for the current period is shown below:
= Salaries + Depreciation + Advertising
= (31,000 ÷ 2700) × 1620 + (20,500 ÷ 204,000) × 127,500 + (41,500 ÷ 804,000) × 477,375
= $56,054
Hence, the first option is correct
An overly optimistic sales budget may result in Group of answer choices increases in selling prices late in the year. insufficient inventories. increased sales during the year. excessive inventories.
Answer:
excessive inventories.
Explanation:
If there is an overall optimistic sales budget so there would be the excessive inventories as the sales budget predicts that in the future the number of units is to be sold for the given period of time. And, when this budget would be optimistic so it over predicted the sales due to this there would be the chances of the excessive inventories
hence, the last option is correct
ellie has been working for an engineering firm and earning an annual salary of 80000 she decides to open her own engineering business her annual expenses will be
Answer:
A $185,700 revenue will yield Ellie's business $50,000 in economic profits.
Explanation:
Here is the complete question :
Ellie has been working for an engineering firm and earning an annual salary of $80,000. She decides to open her own engineering business. Her annual expenses will include $15,000 for office rent, $3,000 for equipment rental, $1,000 for supplies, $1,200 for utilities, and a $35,000 salary for a secretary/bookkeeper. Ellie will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which she was earning annual interest of $500. Which of the following statements is correct?
A $185,700 revenue will yield Ellie's business $50,000 in economic profits. Ellie's annual accounting costs will equal $80,500.
A $185,700 revenue will yield Ellie's business $50,000 in accounting profits. Ellie's annual implicit costs will equal $55,200.
Accounting profit= total revenue - explicit cost
Explicit cost includes the amount expended in running the business.
They include rent , salary and cost of raw materials
Ellie's total explicit cost = office rent + rentals + supply + utilities + salary for a secretary
$15,000 + $3,000 + $1,000 + $35,000 + $1,200 = $55,200
If revenue is $185,700, accounting profit = $185,700 - $55,200 = $130,500
Economic profit = accounting profit - implicit cost
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives
Ellie's implicit cost = $80,000 + $500 = $80,500
Economic profit = $130,500 - $80,500 = $50,000