Answer:
a. Rivalrous and Non-excludable good.
When a good is said to be rivalrous, it means that consuming them reduces the supply left for others. When salmon, especially the younger ones, are fished, it will reduce the supply of salmon remaining which makes salmon a rivalrous good.
Salmon is also a non-excludable good which means that everyone has access to it which is why people could fly in from Seattle and still be able to fish salmon in Alaska.
b. The government could do all of the options listed in b.
Allowing only Alaska residents to fish would keep salmon stock healthy as Alaskan residents have managed to do so for centuries.
People who fish just for sport should be made to pay more for fishing permits to discourage them from reducing salmon stock for sport.
Commercial fishers should be limited in the number they can fish.
The fishing season should not be all year round but rather only in certain periods, especially after the salmon has had time to repopulate.
The NASDAQ is a floor-based exchange.
t or f
Ajax is reviewing its previous 100% acquisition of Baxter to determine if there is goodwill impairment. At December 31, 2020 Ajax has recorded Goodwill of $330,000 on its books relating to this acquisition. At December 31, 2020, Baxter had a book value of net assets of $400,000 (excluding goodwill) and an estimated fair value for the company of $600,000. What is the amount (if any) of the goodwill write-off required to be booked by Ajax at December 31, 2020 under the FASB rules effective in 2020.
Answer:
Baxter
The amount of the Goodwill write-off required to be booked by Ajax at December 31, 2020 under the FASB rules effective in 2020 is:
= $130,000.
Explanation:
a) Data and Calculations:
Recorded Goodwill = $330,000
Book value of net assets = $400,000
Book value of all assets = $730,000 ($400,000 + $330,000)
Estimated fair value of company = $600,000
Goodwill impairment = $130,000 ($730,000 - $600,000)
b) The Goodwill impairment of $130,000 arose when the book value or the carrying amount exceeded the estimated fair value.
d. If money demand does not depend on the interest rate, the LM curve is vertical. True False e. If money demand does not depend on income, the LM curve is horizontal. True False f. If money demand is extremely sensitive to the interest rate, the LM curve is horizontal. True False g. Suppose the government wants to change the level of output. If the LM curve is horizontal, then fiscal policy is completely ineffective, whereas monetary policy is highly effective. monetary policy
Answer:
d. True
e. False
f. True
g. True
Explanation:
Interest rate movement is based on the fiscal policy of the government. If interest rates changes there is movement in the LM curve. This is because LM curve represents money market equilibrium of real interest rates. Monetary policy is completely ineffective if the interest rates does not change since the LM curve will be horizontal.
Answer T or F to the following: _____ In general, job shop operations are larger than line flow operations. _____ In general, job shop operations use more general purpose equipment than line flow operations. _____ In general, job shop operations have higher variety of output than line flow operations. _____ In general, job shop operations have lower labour content than line flow operations. _____ In general, job shop operations are less flexible than line flow operations. _____ In general, job shop operations are more likely to measure their capacity by their outputs. _____ In general, job shop operations have less work in process inventory than line flow operations. _____ In general, job shop operations have higher skilled workers than line flow operations. _____ In general, job shop operations are less likely to compete on cost than line flow operations. _____ In general, job shop operations produce larger volume output than line flow operations.
Answer:
FalseTrueTrueFalseFalseFalseTrueTrueTrueFalseExplanation:
FalseThis is because Job shop operations are smaller than line flow operations
TrueThis is because line flow operations require more specific more specific tools
True.This is because high volume of a specific type of product
FalseThis is because in job shop the production of variety of products require a higher number of labor content
FALSEJob shop operations are more flexible than line flow operations
FALSEoperations are measured by degree of customization in job shops
TRUEJob shops are not usually involved in mass productions
TRUEJob shops posses higher skilled labors because of the customization involved with job shops
TRUELine flow operations are more cost effective because they produce in large quantities
FALSEThere is mass production in lie flow operation
Eastman Publishing Company is considering publishing an electronic textbook about spreadsheet applications for business. The fixed cost of manuscript preparation, textbook design, and web-site construction is estimated to be $150,000. Variable processing costs are estimated to be $7 per book. The publisher plans to sell single-user access to the book for $49. Through a series of web-based experiments, Eastman has created a predictive model that estimates demand as a function of price. The predictive model is demand
Question Completion:
What profit can be anticipated with a demand of 3,400 copies?
With a demand of 3,400 copies, what is the access price per copy that the publisher must charge to break even?
Answer:
Eastman Publishing Company
a) A loss of $7,200 can be anticipated with a demand of 3,400.
b) The access price per copy with a demand of 3,400 copies should be $51.
Explanation:
a) Data and Calculations:
Fixed cost = $150,000
Variable costs per book = $7
Selling price of single-user access per book = $49
Demand = 3,400 copies
Profit based on a demand of 3,400 copies:
Income Statement:
Sales Revenue ($49 *3,400) $166,600
Variable costs ($7 * 3,400) 23,400
Contribution margin $142,800
Fixed cost 150,000
Net loss $7,200
To break-even, the total sales revenue should be equal to the total costs. Therefore, the access price should be:
Total costs:
Fixed cost $150,000
Variable 23,400
Total costs $173,400
Sales unit 3,400
Access price = $51.00 ($173,400/3,400)
Sandhill Co. provides the following information about its postretirement benefit plan for the year 2020. Service cost $ 43,200 Contribution to the plan 9,100 Actual and expected return on plan assets 10,900 Benefits paid 19,100 Plan assets at January 1, 2020 101,400 Accumulated postretirement benefit obligation at January 1, 2020 321,800 Discount rate 8 % Compute the postretirement benefit expense for 2020.
Answer:
The correct answer is "58,044".
Explanation:
The given values are:
Service cost,
= $43,200
Accumulated postretirement benefit obligation,
= 321,800
Actual and expected return,
= 10,900
Discount rate,
= 8%
The interest cost will be:
= [tex]321,800\times 8 \ percent[/tex]
= [tex]25,744[/tex]
The Postretirement benefit expense will be:
= [tex]Service \ cost +Interest \ cost-Actual \ and \ expected \ return[/tex]
= [tex]43,200+25,744-10,900[/tex]
= [tex]58,044[/tex]
Diving Fiasco. Mike, who owns a dive shop in the United States, decides to take a group of his customers diving in U.S. waters. Mike is aware that sharks occasionally visit the area where the divers will be visiting. He is also aware that while stingrays are usually tame, they can become aggressive when fed. Mike does not reveal that information to the group of divers going with him. The divers go down into the water, and some have squid with which to feed the stingrays. During the dive, one of the stingrays becomes agitated and latches onto diver Susie's arm. Susie is so disconcerted that she drops her regulator (her breathing device) from her mouth and is in considerable difficulty. Another diver, Billy, encounters a shark, which snaps at him. While the shark does not actually bite Billy, the attack results in damage to his diving equipment. Mike, who is in charge of the dive, does nothing to help and leaves the other divers to return to the boat because the dive turned out to be more trouble than expected. Wendy, another diver on the trip, also returns to the boat without doing anything to help the divers in distress. Sam, on the other hand, goes to rescue the divers who are in distress. He manages to do so but in the process he pulls his back and requires medical care. All divers are very unhappy with Mike. Billy and Susie are annoyed that Mike did not come to their assistance. Which is true regarding Mike's duty to provide assistance to them during the dive?
A) Mike had no duty to provide any assistance to them.
B) Mike had a duty to come to their aid because he arranged the dive and was charging them.
C) Mike had a duty to come to their assistance only if he had specifically agreed to do so prior to the dive.
D) Mike had a duty to come to their assistance only if they were minors.
E) Mike had a duty to come to their assistance only if no one else did so.
Answer:
B) Mike had a duty to come to their aid because he arranged the dive and was charging them.
Explanation:
Mike organized the diving trip as part of his business activities. he is making money out of it, he is not doing it for free. He should haver warned the other divers about the risks involved and should also help them in case they are in trouble. When you provide a service, you are responsible for your customers' safety.
Troy Engines, Ltd., manufactures a variety of engines for use in heavy equipment. The company has always produced all of the necessary parts for its engines, including all of the carburetors. An outside supplier has offered to sell one type of carburetor to Troy Engines, Ltd., for a cost of $36 per unit. To evaluate this offer, Troy Engines, Ltd., has gathered the following information relating to its own cost of producing the carburetor internally:
Per Unit 15,000 Units Per Year
Direct materials $9 $135,000
Direct labor 11 165,000
Variable manufacturing overhead 2 30,000
Fixed manufacturing overhead, traceable 6* 90,000
Fixed manufacturing overhead, allocated 13 195,000
Total cost $41 $615,000
Required:
a. Assuming that the company has no alternative use for the facilities that are now being used to produce the carburetors, compute the total cost of making and buying the parts.
b. Should the outside supplier's offer be accepted?
c. Suppose that if the carburetors were purchased, Troy Engines, Ltd., could use the freed capacity to launch a new product. The segment margin of the new product would be $105,000 per year. Compute the total cost of making and buying the parts.
d. Should Troy Engines, Ltd., accept the offer to buy the carburetors for $31 per unit?
A policy maker argues that congestion on the roads can be solved by private ownership of the roads. He argues that if the roads were privately owned, then the externality of congestion would be fully internalized and solved by the market. Discuss this by first explaining the externality problem that leads to congestion, and then explain whether the private market would deliver the efficient level of roads.
Answer:
Externalities can be defined as those activities that incurs cost on another party.
Road congestion creates externalities such as increased time for travel, more pollution in a city, more likelihood of accidents, more stress for road users.
This externaliity is caused because road users think of the private benefits that they can get from using the road but they do not take the social cost into account. We have lots of drivers on the road and non of these drivers takes cognizance of the cost that other drivers get because of this.
If road are private, congestion is going to fall and there would be excludability. But this is a public good, turning it to a private good would cause issues. Private markets benefits out is positive externalities.
The term "externality" refers to elements and situations that occur off-road and cause congestion.
In this regard, we can say that:
The externality of congestion is created by the lack of urban infrastructure, the excess of vehicles on the streets, the lack of traffic inspection, and the lack of road maintenance.All of this allows for an accumulation of vehicles on urban roads, generating congestion, which affects the city in an imposing way.These problems have been treated as public order problems as roads are a public asset managed by the government. Many people believe that government management is the main problem and that if the roads were managed by private companies, these problems would be eliminated.
Although we can recognize that many of these externalities would be solved by private companies, treating the use of roads as a private asset would not solve the problem of congestion, as it would create other externalities, especially about the freedom to use roads.
With this, we can conclude that the externality of congestion would not be reduced with the use of private companies, but maintained with other factors.
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Jamison Company purchased the assets of Booker Company at an auction for $5,600,000. An independent appraisal of the fair value of the assets is listed below: Land $1,900,000 Building 2,800,000 Equipment 2,100,000 Trucks 3,400,000 Assuming Jamison allocates the purchase price on the basis of the relative fair values, what amount would be allocated to the Trucks?
Answer:
$1,866,667
Explanation:
Express the Fair Value of Truck as a parentage of Total Fair Value and multiply by Total Purchase Price
Fair Value of Truck = $3,400,000
Total Fair Value = $1,900,000 + $2,800,000 + $2,100,000 + $3,400,000 = $10,200,000
Cost of Truck = $3,400,000 / $10,200,000 x $5,600,000 = $1,866,667
The amount that would be allocated to the Trucks is $1,866,667
Select the correct answer.
In terms of market research, which statement describes an advantage for businesses?
O Market research agencies always collect accurate market information, regardless of their client's guidance.
O Secondary sources are inexpensive and can meet any business's market research needs.
O Primary research methods, such as interviews, are highly reliable because respondents always give their honest opinions.
A business can explore new market opportunities with the help of accurate market research data.
Submit
Answer: A business can explore new market opportunities with the help of accurate market research data.
Explanation:
When market research data is accurate, a business is better able to know what consumers want and can therefore explore new opportunities to satisfy these needs and make healthy returns as a result.
If market research data is poor however, companies run the risk of either investing in a loss making venture or not investing in a potentially profitable venture because they did not know how profitable it would be.
On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances:Accounts Debit CreditCash $26,700 Accounts Receivable 15,000 Allowance for Uncollectible Accounts $ 3,600 Supplies 3,900 Notes Receivable (6%, due in 2 years) 18,000 Land 80,300 Accounts Payable 8,500 Common Stock 98,000 Retained Earnings 33,800 Totals $ 143,900 $ 143,900 During January 2021, the following transactions occur:January 2 Provide services to customers for cash, $49,100.January 6 Provide services to customers on account, $86,400.January 15 Write off accounts receivable as uncollectible, $3,300.January 20 Pay cash for salaries, $32,800.January 22 Receive cash on accounts receivable, $84,000.January 25 Pay cash on accounts payable, $6,900.January 30 Pay cash for utilities during January, $15,100.The following information is available on January 31, 2021.The company estimates future uncollectible accounts. The company determines $4,300 of accounts receivable on January 31 are past due, and 20% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 5% of these accounts are estimated to be uncollectible. (Hint: Use the January 31 accounts receivable balance calculated in the general ledger.)Supplies at the end of January total $950.Accrued interest revenue on notes receivable for January. Interest is expected to be received each December 31.Unpaid salaries at the end of January are $34,900.1) Prepare the journal entries for transactions.2) Choose the appropriate accounts to complete the company's income statement.
Answer:
3D Family Fireworks
1. Journal Entries for Transactions:
Jan. 2 Debit Cash $49,100
Credit Service Revenue $49,100
To record services rendered for cash.
Jan. 6 Debit Accounts Receivable $86,400
Credit Service Revenue $86,400
To record services rendered on account.
Jan. 15 Debit Allowance for Uncollectible Accounts $3,300
Credit Accounts Receivable $3,300
To record uncollectible written off.
Jan. 20 Debit Salaries Expense $32,800
Credit Cash $32,800
To record payment for salaries expense.
Jan. 22 Debit Cash $84,000
Credit Accounts Receivable $84,000
To record cash collected on accounted.
Jan. 25 Debit Accounts Payable $6,900
Credit Cash $6,900
To record payment on account.
Jan. 30 Debit Utilities Expense $15,100
Credit Cash $15,100
To record utilities expense paid.
Income Statement for the month ended January 31, 2021:
Service Revenue $135,500
Interest Revenue 1,080
Total Revenue $136,580
Salaries Expense $32,800
Utilities Expense 15,100
Bad Debts Expense 1,060 48,960
Net Income $87,620
Explanation:
a) Data and Calculations:
Trial Balance as of January 1, 2021:
Debit Credit
Cash $26,700
Accounts Receivable 15,000
Allowance for Uncollectible Accounts $3,600
Supplies 3,900
Notes Receivable (6%, due in 2 years) 18,000
Land 80,300
Accounts Payable 8,500
Common Stock 98,000
Retained Earnings 33,800
Totals $ 143,900 $ 143,900
Transaction Analysis:
Jan. 2 Cash $49,100 Service Revenue $49,100
Jan. 6 Accounts Receivable $86,400 Service Revenue $86,400
Jan. 15 Allowance for Uncollectible Accounts $3,300 Accounts Receivable $3,300
Jan. 20 Salaries Expense $32,800 Cash $32,800
Jan. 22 Cash $84,000 Accounts Receivable $84,000
Jan. 25 Accounts Payable $6,900 Cash $6,900
Jan. 30 Utilities Expense $15,100 Cash $15,100
Jan. 31 Adjustments:
Allowance for Uncollectibles:
$4,300 Allowance for Uncollectibles $860 ($4,300 * 20%)
$9,800: Allowance for Uncollectible $490 ($9,800 * 5%)
$14,100 Allowance for Uncollectible $1,350
Allowance for Uncollectibles
Account Titles Debit Credit
Beginning balance $3,600
Accounts receivable $3,300
Bad Debts Expense 1,060
Ending balance 1,350
Interest Receivable $1,080
Interest Revenue $1,080
Service Revenue:
Service Revenue $49,100
Service Revenue $86,400
Service Revenue $135,500
On January 1, Year 1, Hol Company hired a general contractor to begin construction of a new office building. Hol negotiated a $900,000, five-year, 10% loan on January 1, Year 1, to finance construction. Payments made to the general contractor for the building during Year 1 amount to $1,000,000. Payments were made evenly throughout the year. Construction is completed at the end of Year 1, and Hol moves in and begins using the building on January 1, Year 2. The building is estimated to have a 40-year life and no residual value. On December 31, Year 3, Hol Company determines that the market value for the building is $970,000. On December 31, Year 5, the company estimates the market value for the building to be $950,000.Required:Use the two alternative methods allowed by IAS 16 with respect to the measurement of property, Plant and equipment subsequent to initial recognition to determined.
Question Completion:
a. Determine the amount of the building that would be reported in the balance sheet at the end of Years 1 - 5.
b. Determine the amount that would be recognized in the income statement related to the building, in Years 1 - 5.
Answer:
Hol Company
a. Balance Sheet Year 1 Year 2 Year 3 Year 4 Year 5
Building (Cost or revalued
amount) $1,000,000 $1,000,000 $970,000 $970,000 $950,000
b. Income Statement Year 1 Year 2 Year 3 Year 4 Year 5
Depreciation Expense $25,000 $25,000 $25,526 $25,526 $26,389
Revaluation Loss $0 $0 $30,000 $0 $20,000
Explanation:
a) Data and Calculations:
Year 1 Cost of building = $1,000,000
Year 3 Revalued building = $970,000
Year 5 Revalued building = $950,000
b) IAS 16 allows the use of the Cost model and the Revaluation model.
The Massoud Consulting Group reported net income of $1,382,000 for its fiscal year ended December 31, 2021. In addition, during the year the company experienced a positive foreign currency translation adjustment of $380,000 and an unrealized loss on debt securities of $45,000. The company’s effective tax rate on all items affecting comprehensive income is 25%. Each component of other comprehensive income is displayed net of tax.
Required:
Prepare a separate statement of comprehensive income for 2021.
Answer: Check attachment
Explanation:
Kindly check the attachment.
Note that:
Foreign currency adjustment will be:
= $380000 × (1 - 25%)
= $380,000 × 75%
= $380,000 × 0.75
= $285,000
Loss on debt securities:
= $45000 × (1 - 25%)
= $45000 × 75%
= $45000 × 0.75
= $33750
A fee charged by a mutual fund is
Answer:
Sometimes these fees are called: expense ratio, management fee or an operating expense. Hope this helps!
Main Street Ice Cream Company uses a plantwide allocation method to allocate overhead based on direct labor-hours at a rate of $2 per labor-hour. Strawberry and vanilla flavors are produced in Department SV. Chocolate is produced in Department C. Sven manages Department SV and Charlene manages Department C. The product costs (per thousand gallons) follow:
Strawberry Vanilla Chocolate
Direct labor (per 1,000 gallons) $766 $841 $1,141
Raw materials (per 1,000 gallons) 816 516 616
Requirement 1:
If the number of hours of labor per 1,000 gallons is 60 for strawberry, 70 for vanilla, and 100 for chocolate, compute the total cost of 1,000 gallons of each flavor using plantwide allocation.
Total cost
Strawberry $1,702
Vanilla $1,497
Chocolate $1,957
Requirement 2:
Charlene's department uses older, outdated machines. She believes that her department is being allocated some of the overhead of Department SV, which recently bought state-of-the-art machines. After she requested that overhead costs be broken down by department, the following information was discovered:
Department SV Department C
Overhead $88,760 $915
Machine-hours 25,360 37,600
Labor-hours 25,360 18,300
Using machine-hours as the department allocation base for Department SV and labor-hours as the department allocation base for Department C, compute the allocation rate for each.
Allocation rate
Department SV $3.50
Department C $0.05
Requirement 3:
Compute the cost of 1,000 gallons of each flavor of ice cream using the department allocation rates computed in requirement 2 if the number of machine-hours for 1,000 gallons of each of the three flavors of ice cream are as follows: strawberry, 60; vanilla, 70; and chocolate, 166. Direct labor hours by product remain the same as in requirement 1.
Requirement 4:
A) Was Charlene correct in her belief?
B) Department allocation generally yields more accurate product cost information.
1) True
2) False
Answer:
See below
Explanation:
a. Compute the total cost per 1,000 gallons
Strawberry Vanilla Chocolate
Direct labor $766 $841 $1,141
Raw materials $816 $516 $616
Overhead (60×$2)$120 ($70×2)$140 (100×$2) $200
Total cost $1,702 $1,497 $1,957
Therefore,
Total cost = $1,702 + $1,497 + $1,957 = $5,156
b. Compute the allocation rate for each department
Allocation base
Allocation rate
Department SV Per machine hour $88,760/25,360 $3.5
Department C Per labor hour
$915/18,300 $0.05
c. Compute the total cost
Strawberry Vanilla Chocolate
Direct labor $766 $841 $1,141
Raw materials $816 $516 $616
Overhead (60×$3.5)$210 (70×$3.5)$245 (100×$3.5)$350
Total cost $1,792 $1,707 $2,107
Therefore,
Total cost = $1,792 + $1,707 + $2,107 = $5,606
At the beginning of 2021, Terra Lumber Company purchased a timber tract from Boise Cantor for $2,950,000. After the timber is cleared, the land will have a residual value of $670,000. Roads to enable logging operations were constructed and completed on March 30, 2021. The cost of the roads, which have no residual value and no alternative use after the tract is cleared, was $228,000. During 2021, Terra logged 570,000 of the estimated 5.7 million board feet of timber. Required: Calculate the 2021 depletion of the timber tract and depreciation of the logging roads assuming the units-of-production method is used for both assets
Answer:
depletion of the timber tract = $228,000 and
depreciation of the logging roads = $22,800
Explanation:
Timber tract
Depletion rate = (Cost - Residual Value) ÷ Estimated units
= ($2,950,000 - $670,000) ÷ 5,700,000
= $0.40
Depletion expense = Units used x Depletion rate
= 570,000 x $0.40
= $228,000
Logging Roads
Depreciation rate = (Cost - Residual Value) ÷ Estimated units
= ($228,000 - $0) ÷ 5,700,000
= $0.04
Depreciation expense = Units used x Depreciation rate
= 570,000 x $0.04
= $22,800
On June 30, 2020, Pier1 Inc. issued 500 shares of $1 common stock for $15 per share. On June 30, 2020, Pier5 Inc. reacquired 100 shares of common stock at $12 per share and immediately retired the shares. On December 15, 2020, Pier5 Inc. reacquired 200 shares of common stock at $19 per share and immediately retired the shares. By what amount did retained earnings decrease as a result of the reacquisition of common stock on December 15, 2020
Answer:
DON'T USE THAT LINK ITS A MALWARE SPAM
On October 1, 2021, Ivanhoe Company purchased to hold to maturity, 3000, $1000, 8% bonds for $3460000 which includes $50000 accrued interest. The bonds, which mature on February 1, 2030, pay interest semiannually on February 1 and August 1. Ivanhoe uses the straight-line method of amortization. The bonds should be reported in the December 31, 2021 balance sheet at a carrying value of
Answer:
$3,422,300
Explanation:
Calculation to determine what bonds should be reported in the December 31, 2021 balance sheet at a carrying value
Bonds=($3,460,000 - $50,000)+[($3,460,000 - $50,000)-(3,000*$1,000)*3/100]
Bonds=$3,410,000 +($3,410,000 -$3,000,000 *3/100)
Bonds=$3,410,000+($410,000*3/100)
Bonds=$3,410,000+$12,300
Bonds=$3,422,300
Therefore bonds should be reported in the December 31, 2021 balance sheet at a carrying value of $3,422,300
Maple Company purchases new equipment (7-year MACRS property) on January 10, 2020, at a cost of $430,000. Maple also purchases new machines (5-year MACRS property) on July 19, 2020 at a cost of $290,000. Maple wants to maximize its MACRS deductions; assume no taxable income limitations apply. What is Maple's total MACRS deduction for 2020
Answer:
$720000
Explanation:
This answer is quite sole and can be obtained by simple addition.
The answer to this question can be gotten by adding the MACR property of 8byears that has a cost of $430,000 with the purchases of new machines whose cost is $290000.
= $430000 + $290000
= $720000
Therefore Maple's total MACRs deduction for the year 2020 is equal to
$720000.
Thank you!
Money serves three functions in the economy: medium of exchange, unit of account, and store of value.
For each of the following statements about inflation, indicate which function of money inflation is hindering.
Statement Store of value Unit of account Medium of exchange
Inflation erodes money's purchasing power.
Inflation causes menu costs.
In some countries with hyperinflation, prices are posted in terms of U.S. dollars rather than the local currency, even though the local currency is still used to purchase the good.
Answer:
medium of exchange
store of value
unit of account
Explanation:
Money is a valuable commodity and a medium of exchange. Modern economies use flat money that is not a community nor backed by the economy.
What do you mean by money as a medium of exchange?Money is a medium of exchange; allows people to get what they need to live. Trade was one of the exchanges of goods before money was created.
Like gold and other precious metals, money is a valuable commodity because to many people it represents something valuable.
About inflation, it leads the rise in prices and services and is a reason of the production of goods and services also gets affected in the economy.
Hence, Inflation affects the flow of money in the economy by reducing the purchasing power of clients.
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Despite the heavy reliance on e-mail, in certain situations calling may be the most efficient channel of communication, whether mobile or on your office line. Be sure to understand professional expectations for telephone, cell phone, and voice mail etiquette. Identify the telephone etiquette that will make your telephone calls productive. Check all that apply. Avoid telephone tag. End the call politely. Leave complete voice mail messages. Use a three-point introduction. Be professional and courteous.
Answer:
All options are correct
Explanation:
For a telephone call to be effective, it is necessary to introduce three points, where you must name the person you are calling, identify yourself and identify the reason for the telephone contact. It is ideal to avoid phone etiquette, as a clear and objective call will retain more attention and be more efficient.
If you are unable to communicate with the necessary person, it is ideal that the messages left in the voicemail are complete for the perfect understanding and identification of the reasons and how the person can return the contact if necessary.
In a phone call being professional and courteous is essential, through the tone of voice and cordiality of the attendant the attention will increase and the objectives of the call are more likely to be achieved, so throughout the call until its close, education must be the basis, because in addition to being necessary, the professional is a representative of the company that is calling, so ethics, education and cordiality are essential in any professional connection.
Ivan Knobel holds a well-diversified portfolio that has an expected return of 11.0% and a beta of 1.20. He is in the process of buying 1,000 shares of Syngine Corp at $10 a share and adding it to his portfolio. Syngine has an expected return of 13.0% and a beta of 1.50. The total value of Ivan's current portfolio is $90,000. What will the expected return and beta on the portfolio be after the purchase of the Syngine stock? a. 11.76%; 1.29 b. 10.64%; 1.17 c. 12.97%; 1.42 d. 12.35%; 1.36 e. 11.20%; 1.23
Answer:
e. 11.20%; 1.23
Explanation:
The computation of the expected return and the beta is shown below
For expected return
= ($10,000 ÷ ($10,000 + $90,000) × 13%) + (0.9 × 11%)
= ($10,000 ÷ $100,000 × 13%) + (0.9 × 11%)
= (0.1 × 13%) + (0.9 × 11%)
= 11.20%
And, the beta is
= ($10,000 ÷ 100,000 × 1.50) + ($90,000 ÷ 100,000 × 1.20 )
= 1.23
Synder Company uses a standard cost system for its production process and applies overhead based on direct labor hours. The following information is available for May when Synder produced 4,500 units: Standard: DLH per unit 2.50 Variable overhead per DLH $1.75 Fixed overhead per DLH $3.10 Budgeted variable overhead $21,875 Budgeted fixed overhead $38,750 Actual: Direct labor hours 10,000 Variable overhead $26,250 Fixed overhead $38,000 Refer to Synder Company. Using the two-variance approach, what is the noncontrollable variance
Answer:
Fixed overhead volume variance =$3,875 adverse
Explanation:
The non-controllable variance is the fixed overhead volume variance. It is the sum of the fixed overhead efficiency variance and the fixed overhead capacity variance
The efficiency variance is the difference between the standard hours of actual production and the actual hours multiplied by the fixed overhead absorption rate
Capacity variance is the difference budgeted hours and actual hours multiplied by the Fixed overhead absorption rate
Efficiency variance $
4500 units should have taken (4500×2.50) 11,250
but did take 10,000
variance in hours 1250
Standard Fixed overhead absorption rate× $3.10
Efficiency variance 3,875 favorable
capacity variance $
Budgeted hours (38750/3.10) 12,500
Actual hours 10,000
Variance 2,500 adverse
Standard rate × $3.10
Capacity variance 7,750 adverse
Volume variance = 7750 adverse + 3,875 favorable =$3875 adverse
Fixed overhead volume variance =$3,875 adverse
Joint products Alpha and Beta emerge from common processing that costs $200,000 and yields 9,000 units of Product Alpha and 5,600 units of Product Beta. Product Alpha can be sold for $150 per unit. Product Beta can be sold for $90 per unit. What amount of the joint costs will be assigned to Product Beta if joint costs are allocated on the basis of number of units produced
Answer:
the amount of the joint cost allocated is $76,712.32
Explanation:
The computation of the amount of the joint cost allocated is shown below"
= Processing cost × beta units ÷ (alpha units + beta units)
= $200,000 × 5,600 units ÷ (9,000 units + 5,600 units)
= $76,712.32
Hence, the amount of the joint cost allocated is $76,712.32
Why do you think women occupy so few seats on boards of directors
Answer:
Women has always been discriminated against forever because of our sex. Men feel they should always be in charge so they should make more money
You have been retained to testify as a damages expert at a binding arbitration about the financial loss your client sustained when a supplier shipped it defective raw materials. Several days before the arbitration proceeding, you discovered that the arbitrator is a member of your country club who occasionally plays golf with you.
a. Do you have a conflict of interest in testifying under oath on behalf of your client?
b. Should you discuss this case with the arbitrator if you see him at the country club?
c. Does the arbitrator have a conflict of interest?
How much is the value of mortgaged property, owned by a partner when invested in the partnership. Explain
Answer:
alls you have to do is ask the interne
You find a zero coupon bond with a par value of $10,000 and 24 years to maturity. The yield to maturity on this bond is 4.6 percent. Assume semiannual compounding periods. What is the price of the bond
Answer:
Zero-cupon bond= $3,357.14
Explanation:
Giving the following information:
Par value= $10,000
Number of years to maturity= 24*2= 48 semesters
YTM= 0.046/2= 0.023
To calculate the price of the bond, we need to use the following formula:
Zero-cupon bond= [face value/(1+i)^n]
Zero-cupon bond= [10,000 / (1.023^48)]
Zero-cupon bond= $3,357.14
Ataxia Fitness Center is considering an investment in some additional weight training equipment. The equipment has an estimated useful life of 10 years with no salvage value at the end of the 10 years. Ataxia's internal rate of return on this equipment is 8%. Ataxia's discount rate is also 8%. The payback period on this equipment is closest to (Ignore income taxes.):
Answer:
6.71 years
Explanation:
we need to determine the PVIFA for 8% and 10 periods:
PVIFA = [1 - 1/(1 + i)n ] / i
PVIFA = [1 - 1/(1 + 0.08)¹⁰ ] / 0.08 = 0.5368 / 0.08 = 6.71
Ataxia's payback period should be 6.71 years or less in order for this project to be feasible and accepted.