Answer:
Medium of Exchange
Explanation:
A medium of exchange is an instrument used as an intermediary to facilitate the exchange of goods and services. A good medium of exchange must give a fair valuation of the items being traded. Money is a widely accepted medium of exchange.
Almost all items in a market have a monetary value attached to them. A Buyer or seller would easily know the amount of money needed to trade an item. The $50 is being used as a medium of exchange for the purchase of groceries. The seller accepts the money if they agree with the buyer on the quantity of groceries worth $50.
A friend asks to borrow $635.52 today and promises to repay you $1,000 with interest compounded annually at 12%. How many years (compounding periods) will pass before you receive the payment
Answer:
4 years
Explanation:
We can calculate the years (compounding periods that) will pass before you receive the payment by calculating the PV factor at 12% as follows.
DATA
Amount borrowed = $635.52
future amount = $1,000
Interest rate = 12%
Time period (n) = ?
Solution
Amount borrowed = future amount x Present value factor (12%, n)
$635.52 = $1,000 x PV factor(12%, n)
0.63552 = PV factor(12%, n)
If you see in a discount table yu wi see 0.63552 in the fourth row of 12% rate that means it will take 4 years to receive the payment.
Karl purchased a second, larger home in which to live. He has
decided to rent his first home out for $1,500 a month. His
mortgage on the first home is $1,250. Is this an example of
passive income?
A) No B) Yes
Answer:
yes
Explanation:
Passive income is any earning that does not require a person to get involved too much. It is income that requires little effort to earn and maintain. Examples of passive income include shareholder's dividends and rental income. Passive income contrasts with active income, where one participates, is fully engaged, or works for many hours.
Karl receives $1500 as rent and pays $1250 as a mortgage. He earns $250 without using too much effort.
On January 1, 2016, Horton Inc. sells a machine for $23,000. The machine was originally purchased on January 1, 2014 for $40,000. The machine was estimated to have a useful life of 5 years and a residual value of $0. Horton uses straight-line depreciation. In recording this transaction:
Answer:
The entry to record this transaction will be,
Accumulated depreciation 16000
Cash 23000
Loss on disposal 1000
Machine 40000
Explanation:
The straight line method of depreciation charges a constant depreciation expense throughout the useful life of the asset. The formula to calculate depreciation expense per year under this method is,
Depreciation expense per year = (Cost - Residual value) / Estimated useful life of the asset
Depreciation expense per year = (40000 - 0) / 5 = $8000 per year
The net book value of the machine on 1 January 2016 = 40000 - (8000 * 2)
NBV = $24000
As the machine was sold for $23000, the loss on disposal will be,
Loss on disposal = 23000 - 24000 = -1000 or $1000 loss
By moving to Italy to work closely with fabric creators, Geoffrey B. Small is working to achieve:________
a. Planning integration
b. Supply chain integration
c. Strong product development processes
d. Integrated logistics
Answer:
The right approach is Option b (supply chain integration).
Explanation:
The integrated supply chain seems to be a large-scale organization strategic approach that brings however many chain features as possible into some kind of relatively close professional relationship amongst one another. The purpose is to promote responsiveness, manufacturing cost, but instead focused on waste reduction. Every connection throughout the chain advantages.All three of those certain decisions are not linked to the example in the case given. So, option b is right.
Sponsorship is an effective marketing strategy, particularly for sporting goods and recreational equipment.
Answer:true
Explanation: just took the test
This afternoon, Northern Railways paid an annual dividend of $2.44 per share. The company has been increasing the dividends by 15 percent each year. How much are you willing to pay to purchase stock in this company if your required rate of return is 16 percent?
a. $7.87
b. $207.40
c. $36.60
d. $6.69
e. $280.60
Answer:
P0 = $280.60
Option e is the correct answer.
Explanation:
Using the constant growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,
P0 = D0 * (1+g) / (r - g)
Where,
D0 is the dividend today or paid recentlyD0 * (1+g) is dividend expected for the next period /year g is the growth rate r is the required rate of returnP0 = 2.44 * (1+0.15) / (0.16 - 0.15)
P0 = $280.60
Assume you just deposited $1,000 into a bank account. The current real interest rate is 7.00% and inflation is expected to be 8.00% over the next year. What nominal interest rate would you require from the bank over the next year? How much money will you have at the end of one year? If you are saving to buy fancy bicycle that currently sells for $1,050, will you have enough money to buy it?
Answer:
a) The nominal interest rate that I would require from the bank over the next year is 15%.
b) At the end of one year, I will have $1,150.
c) If I am saving to buy a fancy bicycle that currently sells for $1,050, I will have enough money ($1,150) to buy it. It will be costing $1,134 ($1,050 * 1.08) with inflation rate of 8% in one year's time.
Explanation:
The nominal interest rate (15%) is higher than the real interest rate (7%) when inflation is positive because the real interest rate is adjusted for inflation (at 8%). The real interest rate is the rate without inflation while the nominal interest rate factors in the inflation rate.
Part II. Explain the following concepts:
1. Factors Markets
2. The Superstar Phenomenon
3. Labor Market Equilibrium
Answer:
.........................
3.......
define the concept entrepreneur
Answer:
An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. Entrepreneurs who prove to be successful in taking on the risks of a startup are rewarded with profits, fame, and continued growth opportunities.
Explanation:
This should help you.
You can monitor and protect your financial data in all of the following ways EXCEPT _____. a. Querying unfamiliar purchases found on your bank statements. b. Being cautious about what information you post on social networking sites. c. Throwing financial documents older than three months in the trash. d. Requesting a credit report and freezing your credit.
Answer:
d. Requesting a credit report and freezing your credit.
Explanation:
In the case when you have to monitor your account and protect your financial data so you can do monitored in the various ways like
1. If there is any non- familiar purchase that found in the bank statement so it would be queried
2. While posting any information on social sites you have to be very much cautious
3. The financial document who are more than 3 months could be gone in the trash
But the option d does not reflect the protection of the financial statement
Hence, the option d is correct
Financial monitoring is often done in projects. You can monitor and protect your financial data in all of the following ways requesting a credit report and freezing your credit.
Financial monitoring is simply known as having regular and up-to-date financial reports so as to review project progress and make resourcing decisions.This monitoring process includes selecting, processing and analyzing the economic so as to power up the financial discipline.
One can manage data by rethinking the way you input data etc.
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On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances:
I need help with the analysis part. Thank you!
Answer:
first part
Return on equity = net income / equity =
net income = total revenue - expenses = $66,500 - $42,700 (salaries) - $6,900 (utilities) - $8,000 (supplies) - $1,675 (depreciation) - $2,700 (taxes) = $4,525
equity = $153,200 (Dec. 31 balance) + $42,000 (new stocks issued) - $20,000 (treasury stocks) - $3,620 (dividends) + 17,600 (treasury stocks sold) + $4,525 (net income) = $193,705
ROE = $4,525 / $193,705 = 2.34%
The company is less profitable than other companies in the same industry.
second part
total stocks outstanding = 18,100
third part
EPS for January = $4,525 / 18,100 = $0.25
EPS for January is higher than last year's average
Sledge Co. manufactures a product requiring 1.5 lbs. of raw material for each finished unit. The beginning inventory of raw materials in March was 5,000 lbs. The company wants an inventory of 2,500 lbs at the end of March. Production for March will be 4,000 units. How many lbs. of raw material must be purchased in March
Answer:
Purchases= 3,500lbs
Explanation:
Giving the following information:
Production= 4,000*1.5= 6,000 lbs
Beginning inventory= 5,000 lbs
Ending inventory= 2,500 lbs
To calculate the direct materials purchase, we need to use the following formula:
Purchases= production + desired ending inventory - beginning inventory
Purchases= 6,000 + 2,500 - 5,000
Purchases= 3,500lbs
Answer:
Sledge Co./
3,500 Ibs. of raw materials must be purchased in March.
Explanation:
a) Data and Calculations:
Purchases of raw materials:
Expected ending inventory = 2,500 Ibs.
Production for March (4,000 x 1.5 Ibs.) = 6,000 Ibs.
Raw materials available for production = 8,500 Ibs.
Less beginning inventory = 5,000 Ibs.
Purchases = 3,500 Ibs.
b) The units to be purchase is the difference between raw materials expected to be available for production and the beginning inventory. Since the expected ending inventory is 2,500 Ibs. and the units to be produced during March is 4,000 units, which will use 6,000 Ibs (4,000 * 1.5 Ibs.), therefore, the total units of raw materials required is 8,500 Ibs. When the inventory of raw material is taken away, the difference is the Purchases of materials to be made during March.
Worrying about the choice of an overhead allocation base is a waste of time. In the end, all of the overhead is charged to production. Do you agree with the previous statement? Why or why not?
Answer:
You can do it???????????????
Explanation:
IT
The author argues that advertising often appeals to sentiments. How is this connected to vicarious consumption
Answer:
Vicarious consumption refers to showing a family's (or individual) social status through the things that they purchase, i.e. keeping up with the Joneses.
Advertising links the desire to be socially recognized and accepted with the possession of material goods. This is exactly what vicarious consumption is all about. E.g. if most of your classmates use expensive Nike shoes, you will feel different if you wear cheap shoes. If you add this feeling of being different plus Nike ads reinforcing that feeling, then you will at least consider buying Nike shoes, or whichever brand is popular among your friends.
The same thing applies to your parents, e.g. if your parents' friends all buy large SUVs, then your parents will feel different if they buy a sedan even if they would be happy with it. Again, advertisement plays an important role here because it shows SUVs as the appropriate cars for successful families (and the larger the SUV, the more successful you are).
Assume that Blossom Company uses a periodic inventory system and has these account balances: Purchases $374,100; Purchase Returns and Allowances $12,700; Purchase Discounts $6,000; and Freight-in $16,600. Blossom Company has beginning inventory of $61,600, ending inventory of $88,100, and net sales of $652,800. Determine the amounts to be reported for cost of goods sold and gross profit.
Answer and Explanation:
The computation of the amount that should be reported for the cost of goods sold and the gross profit is shown below;
But before that first determine the following amounts
Adjusted Purchases = Purchases - Purchase Returns and Allowances - Purchase Discounts + Freight-in
= $374,100 - $12,700 - $6,000 + $16,600
= $372,000
Now the cost of goods sold is
= Beginning Inventory + Adjusted Purchases - ending Inventory
= $61,600 + $372,000 - $88,100
= $345,500
And,
Gross Profit = Net Sales - cost of goods sold
= $652,800 - $345,500
= $307,300
A proposed new investment has projected sales of $564,000. Variable costs are 37 percent of sales, and fixed costs are $132,000; depreciation is $51,500. Prepare a pro forma income statement assuming a tax rate of 21 percent. What is the projected net income
Answer:
Projected net income $135,737.80
Explanation:
The computation of the projected net income is shown below:
Sales $564,000
Less: variable cost (37% of sales) $208,680
Less: fixed cost $132,000
Less: depreciation $51,500
Earning before income and taxes $171,820
Less: tax rate at 21% -$36,082.20
Projected net income $135,737.80
Hence, the projected net income is $135,737.80
It costs Blakeley Company $20.90 of variable and $1.90 of allocated fixed costs to produce an industrial trash can that normally sells for $30.10. A buyer offers to purchase 2,500 units at $21.90 each. Blakeley has excess capacity and can handle the additional production. What effect will acceptance of the offer have on net income
Answer:
The effect that the acceptance of the offer will have on net income is a decrease of $2,250.
Explanation:
This can be determined as follows:
Number of units offer to purchase by a buyer = 2,500
Price offered per unit by the buyer = $21.90
Variable cost per unit = $20.90
Allocated fixed costs per unit = $1.90
Total cost per unit = Variable cost per unit + Allocated fixed costs per unit = $20.90 + $1.90 = $22.80
Loss per unit of the offer = Price offered per unit by the buyer - Total cost per unit = $21.90 - $22.80 = -$0.90
Total loss of accepting the offer = Number of units offer to purchase by a buyer * Loss per unit of the offer = 2,500 * (-$0.90) = -$2,250
Since there is loss of $2,250 from accepting the offer, the effect that the acceptance of the offer will have on net income is a decrease of $2,250.
What is INCOTERM DDP?
Answer:
DDP stands for Delivery Duty Paid, an international commerce term (Incoterm) used to describe the delivery of goods where the seller takes most responsibility.Explanation:
Curtis invests $700,000 in a city of Athens bond that pays 9.00 percent interest. Alternatively, Curtis could have invested the $700,000 in a bond recently issued by Initech, Incorporated that pays 11.00 percent interest with similar risk as the city of Athens bond. Assume that Curtis's marginal tax rate is 24 percent. How much implicit tax would Curtis pay on the city of Athens bond?
Answer:
$14,000
Explanation:
Calculation for How much implicit tax would Curtis pay on the city of Athens bond
Using this formula
Implicit tax=(Amount invested*Initech Interest rate)- (Amount invested* Athens bond Interest rate)
Let plug in the formula
Implicit tax=(11%*$700,000)- (9%*$700,000)
Implicit tax=$77,000-$63,000
Implicit tax=$14,000
Therefore the implicit tax that Curtis would pay on the city of Athens bond will be $14,000
A company sells a plant asset which originally cost $354000 for $124000 on December 31, 2018. The Accumulated Depreciation account had a balance of $146000 after the current year's depreciation of $39000 had been recorded. The company should recognize a
Answer:
d. $45.000 loss on disposal.
Explanation:
a. $84000 gain on disposal. b. $84000 loss on disposal. c. $230000 loss on disposal. d. $45.000 loss on disposal.
Book Value on the Date of sale = Cost - Accumulated Depreication -Current year Depreciation
Book Value on the Date of sale = $354,000 - $146,000 - $39,000
Book Value on the Date of sale = $169,000
Gain (Loss) on disposal of the Asset= Selling Price - Book Value
Gain (Loss) on disposal of the Asset = $124,000 - $169,000
Loss on disposal of the Asset = $45,000
On March 2, Blue Ribbon sold $887,400 of merchandise to Lumberyard Inc. with terms 2/10, n/30. The cost of the merchandise sold was $571,700. Lumberyard Inc. pays the balance owed on March 11.
Required:
How much does Lumberyard pay on March 11?
Answer:
Payment will be = $869652
Explanation:
The terms of the credit sale to Lumberyard were 2/10, n/30 which means that Lumberyard was entitled to receive a 2% discount if the payment is made within 10 days of purchase of merchandise while the total credit period was of 30 days. As Lumberyard has paid the balance owed on 11 March and within the discount period, the amount paid by Lumberyard and the discount received will be,
Discount received = 887400 * 0.02 = $17748
Payment will be = 887400 - 17748 = $869652
Beauty Products International happens to be located a few miles from a minimum security prison. To help released prisoners reintegrate into society, BPI hires them in entry-level jobs, provides resources to set up a home, and provides training and education to advance to higher-level jobs as they prove themselves. BPI is using this as an opportunity to
A employ sustainable business practices with regard to its employees and society.
B remove a community constraint in order to increase the company's profitability.
С use a balanced Scorecard approach to integrate their business with the community.
D teach ethical business practices to employees.
Answer:
A employ sustainable business practices with regard to its employees and society.
Explanation:
Since in the question it is mentioned that for helping released prisoners they hired for the entry level jobs, resources are to be provides also at the same time they provides the training & education
So this represents that have business practices that are sustainable in nature with respect to the employees and society
Therefore the correct option is a.
Beyoncé has more than 15 million followers. It is possible that she reached this number of real-people followers organically and over time. In contrast, there are companies that provide a service where Toto could have purchased a large number of ___________
Answer:
Bot/Spam.
Explanation:
In a case of this such a ghost/spam/bot is been put to place in the help in this follower earnings. This is said to be called social bots; they are often used in a lot of cases in helping to gain sales leads, followers, and drives money ultimately to the assigned follower. Bots of this kind are known to be algorithms used with these social media profiles to create dealings with other people's content. It is particularly seen to attracts engagement with the profile linked to the algorithm, from both real users and other bots.
These bots are seen to always seen to target users with some connection to whatever it is they are ultimately trying to sell.
ne
To help solve this problem, the expert in this passage
suggests that consumers
A.recycle their old cell phones.
B.stop purchasing cell phones.
C.refuse to buy cell phones made with coltan.
D.avoid using cell phones made in the Congo.
Answer:A. Recycle their old cell phones
Explanation:just took the test on edgeunity
If one Swiss franc (CHF) can purchase 0.85 U.S. dollar, how many Swiss francs can one U.S. dollar buy
Answer: CHF 1.18 Swiss Franc
Explanation:
If one Swiss franc (CHF) can purchase $0.85, this means that the Swiss franc is weaker than the dollar as it can only buy less than 1 dollar per Swiss franc.
If one Swiss Franc is to $0.85, one $1 will be;
= 1/0.85
= 1.18 Swiss Franc
Andre is a new product designer for a restaurant supply company. Andre therefore works in a ________ department.
A) functional
B) service
C) line
D) matrix
E) staff
Answer:
Option C: line
Explanation:
An organization always has a functional structure. Its structure are group into sectors or structure based on specific areas, such as finance, or marketing and others.
A line department is a part of organization structure that is responsible for an organization core work such as production and sales, and others.
Product designers are simply said to be individuals who have design skills or knowledge and therefore uses it along with their technical know-how/knowledge to develop or improve the outlook(way) that already-made (existing) products work and look, and/or make them at a lower cost.
They must have technical and human-centered design and also be actively involved in the designing process of a new products line.
A young engineer wishes to become a millionaire by the time she is 65 years old. She plans to make annual deposits, beginning on her 25th birthday and continuing through her 64th birthday.
Assume that she can obtain a 8% rate of return per year. How much should each annual deposit be?
a. $2160
b. $2675
c. $3110
d. $3575
Answer:
Annual deposit= $3,860.16
Explanation:
Giving the following information:
Future Value (FV)= $1,000,000
Number of peridos= 40 years
Interest rate (i)= 8%= 0.08
To calculate the annual deposit, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (1,000,000*0.08) / [(1.08^40) - 1]
A= $3,860.16
If the young engineer can obtain an 8% rate of return per year on her deposits, she can make an annual deposit of d. $3575 to become a millionaire in 40 years from her 25th birthday.
Data and Calculations:
Future deposit expected = $1,000,000
Period of savings = 40 years (64 - 24)
Interest rate per year = 8%
Annual deposit = $3,575 (calculated below)
N (# of periods) 40
I/Y (Interest per year) 8
PV (Present Value) 0
FV (Future Value) 1000000
Results:
PMT = $3,574.22
Sum of all periodic payments $142,968.94
Total Interest $857,031.06
Thus, by the end of 40 years, the young engineer will become a millionaire if she deposits $3,575 annually with an interest of 8% per year.
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70 Marketing Dynamics .. .. : : . . : Part 4: Be Your Own Leader Leaders on a Top Secret Mission On December 6, 2011, a woman walked into a Michigan K-Mart and paid off someone else's layaway just in time for the holidays. That one act of kindness, completed in total secrecy, has taken on a life of its own. People have gone into stores with as much as $20,000 in their hands to anonymously pay off the layaways of others. Leaders give back, and they often do without wanting or needing recognition. A leader will always be willing to recognize others, share in other's successes, and help whenever and wherever they see a need. True leaders will do without expecting anything in return." As a leader, think of something you could do for someone else. You do not have to spend any money if you do not want to. Giving back is rarely about money. It can be as simple as leaving a note recognizing someone for the work he or she has done. ;. 1. Create your own secret mission. Decide what you can do as a leader to give back. Maybe you will volunteer at a local shelter or write a note to all of your teachers and place it in their school : mailboxes. There are so many things you could do; narrowing it down to just one thing might be the most difficult part. Fill in the following information about your secret mission. · i' ., . . .. . . ..... ....... . Mission title: Why I chose this mission: Why I believe it is important for leaders to give back: - . . NR22 W Date(s) of my mission:_ Resources I will need: - S. A W. W W Others I will need to include for the mission to succeed: mm / : VY. W : : : : TUTTE 1. . '. . 2. Once you have completed your mission, complete a self-reflection. Include other ways that, as a leader, you can give back in the future. Self-reflection: I.-.... YST - - - - Viet w Futürë thoughts and plans: .
Project L costs $70,000, its expected cash inflows are $16,000 per year for 8 years, and its WACC is 13%. What is the project's discounted payback?
Answer:
6.89 years
Explanation:
The discounted payback period can be calculated by using the following table
Year Cash flows PV(13%) Cumulative Cash flows
0 (70000) (70000) (70000)
1 16000 14159.29 (55840.71)
2 16000 12530.35 (43310.36)
3 16000 11088.80 (32221.56)
4 16000 9813.10 (22408.46)
5 16000 8684.16 (13724.30)
6 16000 7685.10 (6039.20)
7 16000 6800.97 761.77
8 16000 6018.56 6780.33
Discounted Payback = 6 years + 6039/ 6801
Discounted Payback = 6.89 years
Prices for airline tickets change on average about once per month. This would suggest that airline ticket prices are
Answer:
relatively flexible
Explanation:
Flexible pricing is when there is room for negotiation of prices of a product between the buyers and sellers.
So the price is prone to change in short amount of time.
Sticky price on the other hand tends to be non negotiable and the does not change over time.in the given scenario prices for airline tickets change on average about once per month.
So there is constant change of the price every month. Meaning the buyer can convince the seller to change his offering price.
The price is relatively flexible