State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows:
Sold equipment with a book value of $62,000 for $89,300.
Sold a new issue of $150,000 of bonds at 97.
Retired $340,000 of bonds, on which there was $3,400 of unamortized discount, for $354,000.
Purchased 5,300 shares of $15 par common stock as treasury stock at $27 per share.
Sold 7,000 shares of $10 par common stock for $24 per share.
Paid dividends of $1.50 per share. There were 34,000 shares issued and 5,000 shares of treasury stock.
Purchased land for $392,000 cash.
Purchased a building by paying $75,000 cash and issuing a $90,000 mortgage note payable.
A.) Cash Receipt: $
B.) Cash Receipt: $
C.) Cash Payment: $
D.) Cash Payment: $
E.) Cash Receipt: $
F.) Cash Payment: $
G.) Cash Payment: $
H.) Cash Payment: $
Answer:
1. Sold equipment with a book value of $62,000 for $89,300.
Cash Receipt
Amount = $89,300
2. Sold a new issue of $150,000 of bonds at 97
Cash Receipt
Amount = $145,500 ($150,000*97%)
3. Retired $340,000 of bonds, on which there was $3,400 of unamortized discount, for $354,000.
Cash Payment
Amount = $354,000 ($340,000+$3,400)
4. Purchased 5,300 shares of $15 par common stock as treasury stock at $27 per share.
Cash Payment
Amount = $143,100 (5,300*$27)
5. Sold 7,000 shares of $10 par common stock for $24 per share.
Cash Receipt
Amount = $168,000 (7,000*$24)
6. Paid dividends of $1.50 per share. There were 34,000 shares issued and 5,000 shares of treasury stock.
Cash Payment
Amount = $43,500 [(34000-5000)*$1.5]
7. Purchased land for $392,000 cash.
Cash Payment
Amount = $392,000
8. Purchased a building by paying $75,000 cash and issuing a $90,000 mortgage note payable
Cash Payment
Amount = $75,000
Suppose a profit-maximizing monopoly is able to employ group price discrimination. The marginal cost of providing the good is constant and the same in both markets. The marginal revenue the firm earns on the last unit sold in the market with the lower price will be:_________
Answer:
The description as per the given question is described in the below section.
Explanation:
The investor receives upon that final unit offered on the organization at the maximum bidder, equivalent to the average income.⇒ [tex]MR=MC[/tex]
Whenever such monopoly generates a lesser volume, [tex]MR > MC[/tex] could generate greater margins at these production additions to lowering production.Jay, a single taxpayer, purchased an annulty to help provide income during his retirement. He paid $36,000 for the annuity that provided a monthly benefit starting at his retirement date for the rest of Jay's life. His life expectancy at the time of his retirement was 180 months. Jay collected 192 payments before he died.
Which of the following is true?
a. Since Jay is no longer working, none of the payments must be included in his gross income.
b. The first $36,000 received is a nontaxable recovery of capital, and all subsequent annuity payments are taxable.
c. If Jay's income is below $25,000, none of the payments he receives are taxable.
d. All of the last 12 payments he received are taxable.
Answer:
d. All of the last 12 payments he received are taxable.
Explanation:
In the case when the life expectancy is 180 months and collected 192 payments prior he died
So according to the question, all the 12 payments would be received are taxable
Here the payment that received for 180 months would not be involved in the gross income and the remaining 12 payment would be taxable
Therefore the option d is correct
Raposa, Inc., produces a special line of plastic toy racing cars. Raposa, Inc., produces the cars in batches. To manufacture a batch of the cars, Raposa, Inc., must set up the machines and molds. Setup costs are batch-level costs because they are associated with batches rather than individual units of products. A separate Setup Department is responsible for setting up machines and molds for different styles of car.
Setup overhead costs consist of some costs that are variable and some costs that are fixed with respect to the number of setup-hours. The following information pertains to June 2015:
Actual amount Static-budget Amounts
Amounts Units produced and sold 15,700 11,950
Batch size (number of units per batch) 325 265
Setup-hours per batch 3 4.25
Variable overhead cost per setup-hour $48 $45
Total fixed setup overhead costs $11,310 $9,010
Calculate the efficiency variance for variable overhead setup costs. (Round all intermediary calculations two decimal places and your final answer to the nearest whole number.)
a. $435 unfavorable
b. $4,810 favorable
c. $4,810 unfavorable
d. $435 favorable
Answer:
b. $4,810 favorable
Explanation:
Efficiency variance for variable overhead setup cost:
A. ((Actual units/Budget batch size)*Budget setup hours) * Budgeted overhead cost) = (((15700/265)*4.25)*$45 = $11,330.66
B . ((Actual units/Actual batch size)*Budget setup hours) * Budgeted overhead cost) = (((15700/325)*3)*$45 = $6,521.53
Efficiency variance for variable overhead setup cost = A - B
Efficiency variance for variable overhead setup cost = $11,330.66 - $6,521.53
Efficiency variance for variable overhead setup cost = $4.809.13 Favorable
The rules-based monetary policy reads: The annual growth rate in the money supply will be equal to the average annual growth rate in Real GDP minus the growth rate in velocity. If the average growth rate in Real GDP this year is 3 percent and the growth rate in velocity is 2 percent, then the money supply will increase by ______________ percent this year.
Answer:
the increase in the money supply is 1%
Explanation:
The computation of the increase in the money supply is given below;
The increase in the money supply is
= Growth rate in Real GDP - Growth rate in velocity
= 3% - 2%
= 1%
Hence, the increase in the money supply is 1%
It would be come by subtracting the two items from each other so that the accurate percentage could come
3. Combine terms: 12a + 26b -4b - 16a. (a) 4a + 22b, (b) -28a + 30b, (c)-4a + 22b, (d) 28a + 30b. Solution: 12a + 265 AL
Answer:
c. -4a+22b
Explanation:
12a+26b-4b-16a=-4a+22b
Hope the picture help
Accounts payable increase $9,000
Accounts receivable increase 4,000
Salaries payable decrease 3,000
Amortization expense 6,000
Cash balance, January 1 22.000
Cash balance, December 31 15,000
Cash paid as dividends 29,000
Cash paid to purchase land 90,000
Cash paid to retire bonds payable at par 60,000
Cash received from issuance of common stock 35,000
Cash received from sale of equipment 17,000
Depreciation expense 29,000
Gain on sale of equipment 4,000
Inventory decrease 13,000
Net income 76,000
Prepaid expenses increase 2,000
Cash Flow statement - indirect method
Cash Flow
Net Income 76,000.00
Gain on Sale of Equipment $(4,000.00)
Depreciation 29,000.00
Amortization Expense 6,000.00 $31,000.00
Adjustments
Decrease in inventory $13,000.00
Gain On sale of equipment (4,000.00)
Decrease In accrued Liability (3,000.00)
Increase in prepaid expenses (2.000.00)
Increase in Accounts Payable 9,000.00 13,000.00
120,000.00
Determine which of the above affects the Investing Activities (IA) and which affects the Financing Activities (FA). Note: Insert IA or FA next to the information above, or fill in the information below.
Answer:
a. The items that affect Investing Activities (IA) are as follows:
Cash paid to purchase land 90,000
Cash received from sale of equipment 17,000
b. The items that affect Financing Activities (FA) are as follows:
Cash paid as dividends 29,000
Cash paid to retire bonds payable at par 60,000
Cash received from issuance of common stock 35,000
Explanation:
Using the items that affect the Investing Activities (IA) and the Financing Activities (FA) in the answer above, the indirect cash flow statements can be completed as follows:
Cash Flow statement - indirect method
For the Year Ended December 31, ...
Details $ $
Net Income 76,000.00
Gain on Sale of Equipment (4,000.00)
Depreciation 29,000.00
Amortization Expense 6,000.00
Adjustments
Decrease in inventory 13,000.00
Gain On sale of equipment (4,000.00)
Decrease In accrued Liability (3,000.00)
Increase in prepaid expenses (2.000.00)
Increase in Accounts Payable 9,000.00
Cash flows from operating activities 120,000.00
Investing Activities (IA)
Cash paid to purchase land (90,000.00)
Cash received from sale of equipment 17,000.00
Cash flows from investing activities 73,000.00
Financing Activities (FA)
Cash paid as dividends (29,000.00)
Cash paid to retire bonds payable at par (60,000.00)
Cash from common stock issued 35,000.00
Cash flows from financing activities 54,000.00
Net cash outflows for the year (7,000.00)
Cash balance, January 1 22,000.00
Cash balance, December 31 15,000.00
You obtain the following estimates for an AR(2) model of some returns data
yt = 0.803yt−1 + 0.682yt−2 + ut
Where ut is a white noise error process. By examining the characteristic equation, check the estimated model for stationarity.
Answer:
AR(2) model is not stationary
Explanation:
Given model : Yt = 0.803yt-1 + 0.682yt-2 + ut ---- ( 1 )
ut = noise error process
Aim : Check estimated model for stationarity
step 1 : represent the estimated polynomial of the model ( where: ut ∪ N(o,б^2 ) rewrite equation 1
Yt - 0.803yt-1 - 0.682yt-2 = ut ------- ( 2 )
hence the polynomial can be represented as :
( 1 - 0.803B - 0.682B^2 )Yt = ut
Characteristic of the obtained polynomial can be represented as ;
1 - 0.803λ - 0.682λ^2 - 1 = 0
attached below is the remaining part of the solution
Which individuals is exempt from licensure under Florida statute 475?
Answer:
Explanation:
The plumber must first be licensed under F.S. 475, Part II. Persons appointed by a court of law to perform real estate services are exempt from real estate licensing requirements when employed by government agencies, railroads, rural electric cooperatives, or public utilities.
Write about why it is important for world leaders to make just decisions for their people and to treat neighboring countries with respect.
Answer: Approaches to authority and decision making are not the only ways in which cultures differ, but they are arguably the most important in the leadership context. ... (For a more general treatment of cultural differences, take a look at my May 2014 ... with companies in those countries, you might have noticed that a lot of people ...
Explanation:
On February 18, 2021, Union Corporation purchased 2,079 IBM bonds as a long-term investment at their face value for a total of $2,079,000. Union will hold the bonds indefinitely, and may sell them if their price increases sufficiently. On December 31, 2021, and December 31, 2022, the market value of the bonds was $2,025,000 and $2,106,000, respectively.
Required: 2. & 3. Prepare the adjusting entry for December 31, 2021 and 2022. (If no entry is required for a transaction/event, select "No Journal entry required" In the first account field.)
Answer:
Date General journal Debit Credit
Dec 31, 21 Unrealized holding gains/losses - OCI $54,000
Fair value adjustment $54,000
($2,079,000-$2,025,000)
Dec 31, 22 Fair value adjustment $81,000
Unrealized holding gains or losses - OCI $81,000
($2,106,000-$2,025,000)
On January 1, 2017, Ayayai Corporation issued $1,600,000 face value, 5%, 10- year bonds at $1,482,239. This price resulted in an effective-interest rate of 6% on the bonds. Ayayai uses the effective-interest method to amortize bond premium or discount. The bonds pay annual interest January 1.
Prepare the journal entries to record the following transactions. (Round answers to 0 decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.)1. The issuance of the bonds on January 1, 2017.2. Accrual of interest and amortization of thepremium on December 31, 2017.3. The payment of interest on January 1, 2018.4. Accrual of interest and amortization of thepremium on December 31, 2018.
Answer:
Ayayai Corporation
Journal Entries:
1. Issuance of bonds on January 1, 2017:
Debit Cash $1,482,239
Debit Bonds discount $117,761
Credit 10- year 5% Bonds payable $1,600,000
2. Accrual of interest and amortization of the discount on December 31, 2017:
Debit Interest expense $88,934
Credit Interest payable $80,000
Credit Amortization of discount $8,934
To record the accrual of interest and amortization of discount.
3. The payment of interest on January 1, 2018:
Debit Interest payable $80,000
Credit Cash $80,000
4. Accrual of interest and amortization of thepremium on December 31, 2017:
Debit Interest expense $96,536
Credit Interst payable $80,000
Credit Amortization of discount $16,536
Explanation:
a) Data and Calculations:
Face value of bonds = $1,600,000
Bonds price $1,482,239
Bonds discount $117,761
Coupon interest rate = 5%
Effective interest rate = 6%
Payment of interest = Annually on January 1
1. Issuance of bonds on January 1, 2017:
Cash $1,482,239
Bonds discount $117,761
10- year 5% Bonds payable $1,600,000
2. December 31, 2017:
Cash Payment = $80,000
Interest expense $88,934
Amortization of discount = $8,934
Fair value of bonds = $1,608,934
3. January 1, 2018:
Interest payable $88,934
Cash $80,000
Amortization of discount $8,934
4. December 31, 2017:
Cash Payment = $80,000
Interest expense $96,536 (6% of $1,608,934)
Amortization of discount = $16,536
Fair value of bonds = $1,705,470
What is the first step in setting up a budget? (1 point)
Oa
Calculate your fixed expenses
Calculate your variable expenses
Ос
Determine your gross income for the year
Od
Determine your net income for the year
Answer:
Likely D
Explanation:
Determine your net income for the year
Fill in the blanks below. Possible options are given in the parentheses after each blank. If American households and firms expect that the economic conditions in the US will become worse in the near future, there will be a real impact on the US economy, in particular on the price level and real output level. However, the Federal Reserve could try to reduce the impact by _______ (buying, selling) bonds. This action will result in a ________ (higher, lower) level of money supply and a ________ (higher, lower) level of interest rate. The effect of this interest rate change is that there will be _______ (more, less) investment and _________ (increased, decreased) real GDP.
Answer:
Expectation of worse economic condition means it is experiencing recession which expected to become worse in near future. The Fed tends to increase the money supply to induce investment, which bring increase in demand and lead to an increase in real GDP.
The Federal Reserve could try to reduce the impact by buying bonds. This action will result in a higher level of money supply and a lower level of interest rate. The effect of this interest rate change is that there will be more investment and increased real GDP.
Whole Foods Market, Inc. (now a part of Amazon.com, Inc.) is a chain of grocery stores emphasizing natural and organic products. Starting out with a single store in 1980, the company has grown to over 400 stores in North America and the United Kingdom. As a part of the corporate culture, local and regional managers had wide discretion on sourcing and operations. Such discretion can lead to increased costs in the form of administrative duplication.
Recently, Whole Foods "is whittling away at some of that autonomy in an effort to reduce costs and boost its clout with suppliers." One way the company will do this "is shifting more responsibility for buying packaged foods, detergents and other nonperishable items for the more than 430 stores to its Austin, Texas, headquarters."
At the same time, the company recognizes the benefits to decentralized authority. While taking duplication out of the system, the company wants to retain the elements that are important to the company.
"We want to evolve the structure in such a way that we take out redundancy and waste, and at the same time though, we’re not diminishing the culture, the empowerment efforts that make Whole Foods Market special," he [John Mackey, CEO] told analysts in November.
As of early 2018, the expected benefits have failed to materialize. As an example, items were sometimes out of stock after the store began using an inventory system as directed by corporate management.
This is an example of how difficult it can be to implement new policies that run counter to established corporate cultures.
Required:
What best describes the benefits Whole Foods likely hoped to receive by having local managers source food and make operational decisions?
a. Faster response
b. Better use local knowledge and Faster response
c. Wiser use of management's time and Training, evaluation, and motivation of local managers
d. Training, evaluation, and motivation of local managers
e. Wiser use of management's time
f. Better use local knowledge
Answer:
c. Wiser use of managements time and Training, evaluation, and motivation of local managers.
Explanation:
Whole Foods Inc. have decentralized system. It has run the culture of decentralization in the stores and the managers are able to make decisions themselves but it has resulted in increased cost. The CEO wants to minimize the cost but also on the other hand he does not want to demotivate its employees. For this purpose the store managers should be given authority to make necessary decisions without consent of head office but this authority should be limited as there can be chances for frauds if extra ordinary authority is given to them. The managers should report the head office about the decisions they make and they should be held accountable for their actions.
An internet company gives their old computer system to the computer science department at a local high school. How would GDP be impacted?
A. GDP would decrease.
B. GDP would increase
C.GDP would stay the same.
The World Trade Organization (WTO): __________
a. includes all of the same countries that signed the Uruguay Round
b. has emerged as the world's most powerful institution for reducing trade barriers and opening markets
c. does not yet have an effective dispute settlement procedure but will before the year 2005
d. is controlled by the United States
e. includes China and Russia among its members
Answer:
B , E are correct.
Explanation:
World Trade Organisation is an international organisation - that regulates, supervises, attempts to liberalise & world trade.
So, it is the world's most powerful institution for reducing trade barriers and opening markets.
It has 164 member countries. China and Russia are the members, which joined on 11 dec 2001 & 22 Aug 2012 respect.
'A' is false, as many countries joined after the preliminary Uruguay Round. Its an inter governmental organisation, is not controlled by any single government (like US)
There are three equally-sized distinct subpopulations in Utopolis: unemployed, workers, and retirees. There are four possible social states which result in different utility levels for the three subpopulations:_______.
Social State Unemployed Workers Retirees
A 12 50 10
B 20 20 20
C 15 15 15
D 1 40 1
a. Which social states might plausibly be chosen by the government of Utopolis? And Why?
b. There is a government election in Utopolis with two candidates: a Rawlsian and a Utilitarian candidate. Each candidate promises to enact one of the social states above. If the majority of citizens elect the candidate, which social state will be enacted?
Answer:
A) social state A and social state D
B) Social state D
Explanation:
A) The social states that might be chosen by the government are
State A and State D : Because it has a reasonable number of active worker that are far greater than the unemployed and Retirees and this means that there is a reasonable amount of income in the social states and the data from other social states looks quite Fraudulent because there is no way the unemployed = workers and also = Retirees
B) The social state that will most likely be enacted is Social state D and this is due to the High ratio of Active workers compared to the unemployed and retirees
On January 1, 2021, American Corporation purchased 25% of the outstanding voting shares of Short Supplies common stock for $210,000 cash. On that date, Short's book value and fair value were both $840,000. The equity method is deemed appropriate for this investment. Short's net income reported on December 31, 2021, was $80,000. During 2021, Short also paid cash dividends in the amount of $24,000.
Required: Compute the amount that would be reported for the investment on American Corporation's financial statements at December 31, 2021. Investment amount $ 236,000
Answer:
"$224,000" is the correct solution.
Explanation:
The given values are:
Corporation purchased percentage,
= 25%
Original investment,
= $210,000
Short's net income,
= $80,000
Paid cash dividend,
= $24,000
Now,
The share of net income will be:
= [tex]25 \ percent\times 80,000[/tex]
= [tex]0.25\times 80000[/tex]
= [tex]20,000[/tex] ($)
The cash dividend will be:
= [tex]25 \ percent\times 24,000[/tex]
= [tex]0.25\times 24,000[/tex]
= [tex]6,000[/tex] ($)
hence,
On December 31, 2021, the balance will be:
= [tex]Original \ investment+Net \ income \ share+Cash \ dividend[/tex]
= [tex]210,000+20,000+6,000[/tex]
= [tex]230,000-6,000[/tex]
= [tex]224,000[/tex] ($)
Which types of post secondary education are examples of traditional academic education? Check all that apply
A. Associate Degree
B. Apprenticeship
C. Bachelor’s Degree
D. Technical School Degree
Merritt Equipment Company sells computers for $2,130 each and also gives each customer a 2-year warranty that requires the company to perform periodic services and to replace defective parts. During 2017, the company sold 1,100 computers. Based on past experience, the company has estimated the total 2-year warranty costs as $60 for parts and $75 for labor per computer. Assume sales all occur December 31, 2017). In 2015, Merritt incurred actual warranty costs relative to 2017 computer sales of $11.600 for parts and $17.400 for labor.
1, Under the expense warranty proach, give the entries to reflect the above transactions (accrual method) for 2017 and 2018.
2. The transactions of part (a) create what balance under current liabilities in the 2017 balance sheet?
Using Present Value Concepts for Decision Making
You have just won the state lottery and have two choices for collecting your winnings. You can collect $105,000 today or receive $20,700 at the end of each year for the next seven years. A financial analyst has told you that you can earn 9% on your investments.
Required:
1. Calculate the present value of both the options (FV of $1, PV of $1, FVA of $1, and PVA of $1).
2. Which alternative should you select?
Answer:
1. Option 1: Present value of cash winnings collected today = $105,000 * 1 = $105,000
Option 2: Present value of annual cash collections = $20,700 * 5.033 = $104,183
2. Option 1 should be selected.
Explanation:
a) Data and Calculations:
Cash winnings collected today = $105,000
Annual cash collection = $20,700
Discount factor = 9%
Period of annual cash flows = 7 years
Present Value Annuity Factor at 9% for 7 years = 5.033
Present value of cash winnings collected today = $105,000 * 1 = $105,000
Present value of annual cash collections = $20,700 * 5.033 = $104,183
NPV = ($817)
b) Option 1 is worth more in present value terms than option 2. The present value consideration is all about taking into account the time value of money. Using a present value annuity factor of 5.033, the annual cash inflows are determined to their present value to be $104,183. This is less than the $105,000 cash collected today in bulk.
BSU Inc. wants to purchase a new machine for $45,600, excluding $1,200 of installation costs. The old machine was bought five years ago and had an expected economic life of 10 years without salvage value. This old machine now has a book value of $1,900, and BSU Inc. expects to sell it for that amount. The new machine would decrease operating costs by $10,000 each year of its economic life. The straight-line depreciation method would be used for the new machine, for a six-year period with no salvage value.
a. Determine the cash payback period.
b. Determine the approximate internal rate of return.
c. Assuming the company has a required rate of return of 7%, determine whether the new machine should be purchased.
Answer:
4.49 years
IRR = 8.97% or 9% approximately
The machine should be purchased because the IRR is greater than the required return
Explanation:
Net investment cost = Cost of new machine - salvage value of old machine + tax (salvage value of old machine - book value of old machine)
cost of the new machine = cost of the machine + installation cost
$45,600 + $1,200 = $46800
Net investment cost = $46800 - $1,900 + 0 = $44,900
Payback calculates the amount of time it takes to recover the amount invested in a project from it cumulative cash flows
Payback period = Amount invested / cash flow
44,900 / 10,000 = 4.49 years
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested
IRR can be calculated with a financial calculator
Cash flow in year 0 = -44,900
Cash flow each year from year 1 to 6 = $10,000
IRR = 8.97% or 9% approximately
The machine should be purchased because the IRR is greater than the required return
To find the IRR 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 IRR button and then press the compute button.
Tesla, founded in 2003, is a company that specializes in electric power technology. The firm sells its powertrain components to other car companies. At the same time, it is selling a high-performance electric Roadster and the Model S and Model X luxury cars. The company is serving two customers at the same time, both with a focused differentiation strategy: high-end car buyers and car manufacturers with electric cars in their portfolio. This has a potential conflict, creating potential competitors for the end-user businesses who have deeper pockets and a wider reach, which could slow our growth to car buyers. However, your founder, Elon Musk, believes that electric cars should be available for everyone.
Required:
Analyze the situation. Which strategy do you think Tesla should pursue moving forward to align with Mr. Musk’s goals?
Answer:
Choose to continue selling both cars as well as the technology to competitors
Explanation:
Based on the information given since Elon is of the believes that electric cars should be made available for everyone which means that the strategy I think Tesla should pursue moving forward in order to align with Mr. Musk’s goals is to CHOOSE TO CONTINUE SELLING BOTH CARS AND THE TECHNOLOGY TO COMPETITORS in order to put an end to any conflict creating potential competitors for the end-user that may arise which may likely slow the company growth to car buyers.
Pina Colada Company is considering two capital investment proposals. Estimates regarding each project are provided below:
Project Soup Project Nuts
Initial investment $400000 $600000
Annual net income 38000 54000
Net annual cash inflow 114000 140000
Estimated useful life 5 years 6 years
Salvage value 0 0
The company requires a 10% rate of return on all new investments.
Present Value of an Annuity of 1
Periods 9% 10% 11% 12%
5 3.890 3.791 3.696 3.605
6 4.486 4.355 4.231 4.111
The annual rate of return for Project Soup is:__________
a. 9.5%.
b. 19.0%.
c. 57.0%.
d. 28.5%.
Answer:
B
Explanation:
Annual rate of return = Average net income / Average book value
Average book value = (cost of equipment - salvage value) / 2
(400,000 - 0) / 2 = $200,000
$38,000 / $200,000 = 0.19 = 19%
One of the positive effects that government regulation has or business is that many of the laws are intended to
business.
Select an answer from the options below.
A
restrict
B
protect
С
defend
D
conserve
(ASAP!!!!)
Go over the bank statement and answer the questions in detail. Use information
from the statement to support your answers.
1. This bank statement is most likely for what kind of account? Provide at least two
pieces of evidence from the statement that explain why.
Answer:
1.credit card; credit line and payment due date are shown
2.about $2243; credit available less the pending transaction
3.use more than one account; ask for a credit line increase
4.a finance charge is added; credit rating will be negatively impacted
Explanation:
1.
Deposit accounts do not have a "Payment Due Date", so this indicates a loan account of some sort. The listing of transactions with different descriptions suggests the account is used to pay a variety of creditors. The lines "credit line" and "credit available" further suggest this is a credit-card or line-of-credit type of account.
2.
The "total credit available' is a good starting indication of the additional amount the account owner can spend. There are some caveats. One is that there is a pending transaction, which will reduce the available limit when it is paid. Another is that using the maximum available credit will negatively impact the owner's credit score.
That score is maximized if the percentage of available credit used is below some amount (about 10%). A 30% utilization rate is a suggested maximum for maintaining a good credit score.
3.
Several options may be open:
the medical biller may allow payment over time
this account owner may have enough for the payment in all accounts together. (They payment may be split among different available accounts.)
this account owner can ask the credit line be raised
4.
Failure to make a payment will cause ...
a finance charge to be added to the account
(possibly) a late-payment charge to be added to the account
a "failure to pay as agreed" notice to credit reporting agencies
available credit to be reduced (possibly to zero)
The details of the consequences of a missed payment are in the account terms and conditions provided by the bank.
Keynesian economics:__________
a. focuses on the long run rather than the short run.
b. stresses the importance of savings to increase investment and long-run aggregate supply.
c. emphasizes that the economy is inherently stable and self-correcting.
d. maintains that prices and wages are fully flexible.
e. focuses on spending, or aggregate demand, as the fundamental factor in the economy.
Answer:
The correct answer is the option E: focuses on spending, or aggregate demand, as the fundamental factor in the economy.
Explanation:
To begin with, in the economics field the Keynesian theory was developed by John Keynes after the Great Depression in 1929 due to the fact that by then the economics area was conducted by neoliberal economists and it lead to the situation in which they found themself then so Keynes proposed the intervention of the government as more important for the economy and focusing primarily in the spending of this one with the purpose of creating more jobs and therefore the people will increase the demand because they would have money now.
Gard Inc. has compiled the following information related to its five products. Costs of disposal are estimated to be 10% of selling price, and gross profit is estimated to be 25% of the selling price. Determine the value of inventory applying the lower-of-cost-or-market rule to each individual inventory item.
Answer:
Item Inventory at the lower-of-cost-or-market
#1 $214.50
#2 $240.00
#3 $266.50
#4 $315.00
#5 $422.50
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question. See attached pdf file for the complete question.
Also note: See the attached excel file for the determination of the value of inventory by applying the lower-of-cost-or-market rule.
From the attached excel file, we have:
Item Inventory at the lower-of-cost-or-market
#1 $214.50
#2 $240.00
#3 $266.50
#4 $315.00
#5 $422.50
which research aims at finding a solution for an immediate problem facing a society or an industry/business organisation
Answer:
Applied research
Explanation:
Applied research can be regarded as methodology that is used in solving a specific as well as practical issue that has effect on an individual or group.
This particular scientific method of study and research could be used in business, education, as well as medicine in order to create solutions which may improve health as well as solving scientific problems to development of new technology.
Applied research which is a research methodology used in creation of practical solutions for specific problems. It should be noted that Applied research aims at finding a solution for an immediate problem facing a society or an industry/business organisation