Fill in the blanks with the category of the expanded accounting equation (assets; liabilities; owner, capital; owner, withdrawals; revenues; expenses). Do not abbreviate any answers.
Inventory______ Retained Earnings________
Dividends______Cost of Goods Sold________
Utilities Payable_______ Service Revenue_______
Accounts Payable______ Rent Expense_________
Answer:
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Answer: inventory is asset,retained earning is revenue,dividend is expense,cost of good sold is expense,utilities payable is liability,service revenue is revenue,accout payable is liability,rent expense is expense
Explanation:
HNT is an all-equity firm with a beta of .88. What will the firm's equity beta be if the firm switches to a debt-equity ratio of .35
Answer:
the firm equity beta is 1.188
Explanation:
The computation of the firm equity beta is as follows:
In the case when the firm switches to a debt-equity ratio is 0.35,
So, the proportion of equity in total capital structure is
= 100 ÷ 135
= 0.741
Now The equity beta is
= 0.88 ÷ 0.741
= 1.188
Hence, the firm equity beta is 1.188
Price per jar £1.80, Market price per jar £2.50, production cost per jar £0.85.
Cost of jar per 1000 units £300, Cost of lids per 1000 units £20, Cost of labels per 5000 units £50, Packaging per 100 jars £5.
Fixed overhead cost of 5000 jars per month £5000.
What is variable cost per unit and Contribution per unit??????
Answer:
£1.80+£2.50+£0.85=£5.1 step 2 300+5000+20=£10.000Theo UCP600, thuật ngữ "about" cho phép số lượng hàng hóa có dung sai là
Answer:
english pls and i will help u if u send a clear one
Explanation:
Crane Company, organized in 2019, has set up a single account for all intangible assets. The following summary discloses the debit entries that have been recorded during 2020.
1/2/20 Purchased patent (9-year life) $387,900
4/1/20 Purchase goodwill (indefinite life) 341,000
7/1/20 Purchased franchise with 10-year life; expiration date 7/1/30 421,000
8/1/20 Payment of copyright (5-year life) 145,200
9/1/20 Research and development costs 211,000
$1,506,100
Required:
Prepare the necessary entry to clear the Intangible Assets account and to set up separate accounts for distinct types of intangibles.
Answer:
Date Account title Debit Credit
12/31/2020 Patent $387,900
Goodwill $341,000
Franchise $421,000
Copyright $145,200
Research and Devel. Expense $211,000
Intangible Assets $1,506,100
The individual intangible asset accounts will be debited as shown above. Research and Development costs are not to be capitalized however according to U.S. GAAP and so will go to expenses.
For each of the goods, classify them according to whether they are rivalrous, nonrivalrous, excludable or nonexcludable. Rivalrous is also referred to as rival in consumption.
a. A sports team t-shirt
b. The air we breath
c. Atlantic Bluefin Tuna in the Mediterranean Sea
d. A toll road in normal traffic
Answer:
A)A sports team t-shirt:(Rivalrous and Excludable)
B)The air we breath (Nonrivalrous and nonexcludable)
C)Atlantic Bluefin Tuna in the Mediterranean Sea:(Rivalrous and nonexcludable)
D)A toll road in normal traffic:(Nonrivalrous and excludable)
Explanation:
Excludable goods can be regarded as goods whereby there is possibility of preventing consumers that has not paid for that good from accessing it.
Rivalrous goods are types of goods that can only be occupied by a person
there is competition created for their consumption.
Non-excludable goods can be regarded as public goods they are one
which are commonly available within a society for all people. These goods cannot be excluded from certain person.
Non-rivalrous goods can be regarded as public goods whereby the supply of that goods is not affected by consumption of people.
Contribution Income Statement and Cost-Volume-Profit Graph Kopi Company produces dog cages that are sold for $38 per unit. The company produced and sold 5,000 dog cages during July 2017. There were no beginning or ending inventories. Variable and fixed costs follow.
Variable Costs per Unit Fixed Costs per Month
Manufacturing: Manufacturing overhead $35,000
Direct materials $10 Selling and administrative 15,000
Direct labor 2 Total $50,000
Manufacturing
overhead 5 $17
Selling and
administrative 5
Total $22
Required
Prepare a contribution income statement for July.
Answer:
Results are below.
Explanation:
First, we need to calculate the total unitary variable cost:
Direct materials= 10
Manufacturing overhead= 5
Direct labor= 2
Selling and administrative= 5
Total unitary variable cost= $22
Now, the contribution margin income statement:
Sales= 5,000*38= 190,000
Total variable cost= 22*5,000= (110,000)
Total contribution margin= 80,000
Fixed Manufacturing overhead= (35,000)
Fixed Selling and administrative= (15,000)
Net operating income= 30,000
Imagine consumers are fooled into thinking that a good is better than it really is. This means that the true, full-information demand curve is located to the _______ of the asymmetric information demand curve, and consumers will purchase ________ than what they really would have purchased.
Answer:
Imagine consumers are fooled into thinking that a good is better than it really is. This means that the true, full-information demand curve is located to the ___left____ of the asymmetric information demand curve, and consumers will purchase ___more_____ than what they really would have purchased.
Explanation:
The existence of asymmetric information implies that one party in a business transaction possesses information that the other party lacks. This causes the market to fail because the correct price for the product or service cannot be set based on the forces of supply and demand. If consumers have full information, their demand curve will be skewed to the left, meaning that less of the product will be demanded.
In the year 2003 the Acme Company had twice as many employees as managers. During the next 5 years, they hired twelve employees and fired two managers. Which of the following equations is correct for the number of managers?
A. NM2008 + 2 = 2 (NE2008 - 12).B. NM2008 - 2 = 2 (NE2008 + 12).C. 2 (NM2008 + 2) = NE2008 - 12.
D. 2 (NM2008 - 2) = NE2008 + 12.E. I can't eliminate any choices.
Answer:
B. NM2008 - 2 = 2 (NE2008 + 12)
Explanation:
Acme company has twice as many employees as managers so the number of employees would be multiplied by 2 to find the actual number of employees. The company will hire 12 new employees and will fire 2 managers in next 5 years. The correct equation will show the number of employees plus 12 new employees and managers minus 2 managers who are fired.
Crossfade Corp. has a bond with a par value of $2,000 that sells for $1,956.84. The bond has a coupon rate of 6.84 percent and matures in 24 years. If the bond makes semiannual coupon payments, what is the YTM of the bond
Answer:
Semestral rate= 3.51%
Annual rate= 7.02%
Explanation:
Giving the following information:
Par value= $2,000
Present value= $1,956.84
Coupon= (0.0684/2)*2,000= $68.4
Number of periods= 24*2= 48 semesters
To calculate the YTM, we need to use a financial calculator:
Function= CMPD
n= 48
I%= SOLVE = 3.51%
PV= 1,956.84
PMT= -68.4
FV= -2,000
Semestral rate= 3.51%
Annual rate= 3.51*2= 7.02%
The negative impact of the Corona virus as one of the socio economic issues on businesses
Answer:
A socio-economic impact of this pandemic of coronavirus is that it threatens the life and economy of every country worldwide, causing increased poverty and widespread inequalities.
Explanation:
It is a pandemic disease, which spreads from person to person, based on available information. It is, therefore, necessary to avoid collection, to stay as home as possible, to practice distancing from society, to wear a mask, to use sanitizing agents, and to comply with local authorities until specific vaccines or drugs are available.
Key Company acquires 60, 10%, 5 year, $1,000 Community bonds on January 1, 2012 for $61,250. This includes a brokerage commission of $1,250. The journal entry to record this investment includes a debit to
Answer: Debt investment for $61250
Explanation:
Since we are given the information that Key Company acquires 60, 10%, 5 year, $1,000 Community bonds on January 1, 2012 for $61,250, the journal entry to record this investment will be:
Dr Debt investment $61250
Cr Cash $61250
Therefore, the journal entry to record this investment includes a debit to Debt investment for $61250
Diego is a salesperson who has been in charge of the Homer Manufacturing account for years. He handles all of Homer's orders and quickly resolves any issues that may come up. On occasion, Diego takes some of the company employees out to dinner and has even given them tickets to local sporting events. Diego is involved in
Answer: b. relationship selling
Explanation:
Relationship selling refers to a process by which a relationship is built between customers and salespersons. This works when the salesperson takes an active interest in the life of the customer such that they feel satisfaction.
Diego is a salesperson who sells to Homer Manufacturing. In taking employees of the company out and even giving them gifts, he is building a relationship with them and being involved in their personal life. This is therefore relationship building.
SWOT analysis provides managers with an uncritical view of the organization's internal and external environments and helps them evaluate the firm's fulfillment of its basic objectives.
a. True
b. False
g For a monopolist, marginal revenue is less than price because Group of answer choices the monopolist must lower price on all units sold and not just on the last unit sold. the demand curve is inelastic. the monopolist must lower price on the last unit sold in order to sell it. marginal revenue is always less than price, just as in the model of perfect competition.
Answer:
the monopolist must lower price on all units sold and not just on the last unit sold.
Explanation:
A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes.
Any individual that deals with the sales of unique products in a monopolistic market is generally referred to as a monopolist.
Marginal revenue can be defined as the additional amount of money that is gained or generated by a business firm from the sales of an additional unit of a product or service. Graphically, a change in the value of the total revenue curve at a given point gives the marginal revenue.
A price refers to the amount of money a customer or consumer buying goods and services are willing to pay for the goods and services being offered. The price of goods and services are primarily being set by the seller or service provider.
For a monopolist, the marginal revenue (MR) of a product or service is less than price because the monopolist must lower price on all of the units sold rather than lowering price on the last unit sold only.
Hence, the lower price applies to all units sold by a monopolist.
Wassonâs Classic Cars restores classic automobiles to showroom status. Budgeted data for the current year are as follows.
Time Charges Material Loading Charges
Restorers' wages and fringe benefits $237,300
Purchasing agent's salary and fringe benefits $68,560
Administrative salaries and fringe benefits 45,200 20,200
Other overhead costs 11,300 76,080
Total budgeted costs $293,800 $164,840
The company anticipated that the restorers would work a total of 11,300 hours this year. Expected parts and materials were $1,268,000. In late January, the company experienced a fire in its facilities that destroyed most of the accounting records. The accountant remembers that the hourly labor rate was $69 and that the material loading charge was 84%.
Required:
Determine the profit margin on materials.
Answer: 71%
Explanation:
The Budgeted material loading charge was 84% of material cost of $1,268,000.
Yet the actual loading cost was $164,840 which means that actual loading cost percentage is:
= 164,840 / 1,268,000 * 100%
= 13%
Profit margin = Budgeted percentage - Actual percentage
= 84% - 13%
= 71%
The companies argued that the merger would enable them to make investments that would provide customers with faster broadband, greater network reliability and security, better in-home Wi-Fi, and greater Video on Demand choices thereby increasing their ability to do which of the following?
a. Introduce economies of scale
b. Realize duplication of resources
c. Offer product bundling
d. Eliminate holdups
Answer: C. Offer product bundling
Explanation:
Product bundling is a marketing strategy whereby several products are grouped together as one and these products will then be sold for a price.
The main aim of the strategy is to encourage customers to purchase more products. Based on the question, the merger will help the company offer product bundling.
You are planning to make monthly deposits of $490 into a retirement account that pays 10 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 30 years
Answer:
$1,107,639.08
Explanation:
The amount in future of the dollar invested today is known as the Future Value (FV) . We compound the payments or principle amount to determine the future value using the effective interest.
Using a financial calculator, this can simply be calculated as follows :
PMT = - $490
P/YR = 12
I = 10 %
N = 30 x 12 = 360
PV = $ 0
FV = ??
The Future Value (FV) is $1,107,639.08
therefore
The retirement account will be $1,107,639.08 in 30 years
Your parents have accumulated a $130,000 nest egg. They have been planning to use this money to pay college costs to be incurred by you and your sister, Courtney. However, Courtney has decided to forgo college and start a nail salon. Your parents are giving Courtney $28,000 to help her get started, and they have decided to take year-end vacations costing $11,000 per year for the next four years. Use 8 percent as the appropriate interest rate throughout this problem. Use Appendix A and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods.
a. How much money will your parents have at the end of four years to help you with graduate school, which you will start then?
b. You plan to work on a master’s and perhaps a PhD. If graduate school costs $27,700 per year, approximately how long will you be able to stay in school based on these funds? (Round your final answer to 2 decimal places.)
In the business cycle, which term best fits the labeled point on the graph?
A. Trough
B. Contraction
C. Peak
D. Expansion
Answer:A. Trough
Explanation:
In the business cycle, the term that best fits the labelled point on the graph is called the trough. The correct option is a.
What is a trough?A trough, in economic terms, can refer to a stage in the business cycle where activity is bottoming, or where prices are bottoming, before a rise. The business cycle is the upward and downward movement of gross domestic product and consists of recessions and expansions that end in peaks and troughs.
A trough is marked by conditions like higher unemployment, layoffs, declining business sales and earnings, and lower credit availability. After the trough, recovery and expansion begin. The actual trough can only be identified in hindsight. The business cycle moves in five phases: expansion, peak, contraction, trough, and recovery. The trough is the bottoming process of moving from contraction, or declining business activity, to recovery, which is increasing business activity.
Economists use several metrics to track the economic cycle throughout its various phases.
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Suppose nominal GDP is $2,000 a year and the quantity of money is $400. Then the velocity of circulation equals
Answer: 5
Explanation:
The velocity of circulation is the average number of times that each dollar can be used for the purchase of goods and services in a year.
From the information given in the question, the velocity of circulation will be:
= Nominal GDP / Quantity of money
= $2000 / $400
= 5
Therefore, the velocity of circulation is 5.
You currently have $20,000.01 in a bank account that pays you 5 percent interest annually. You plan to deposit $800 (starting 1 year from now) every year for the next 10 years in the same account. How much are you going to have in that account at the end of 10 years?
Answer:
FV= $44,269.11
Explanation:
First, we need to calculate the future value of the lump-sum deposit of $20,000:
FV= PV*(1 + i)^n
FV= 20,000.01*(1.05^11)
FV= $34,206.8
Now, the future value of the $800 annual deposit:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {800*[(1.05^10) - 1]} / 0.05
FV= $10,062.31
Finally, the total future value:
FV= $44,269.11
Ransport Company has made an investment in another company that will guarantee it a cash flow of $37,250 each year for the next five years. If the company uses a discount rate of 15 percent on its investments, what is the present value of this investment?
Answer:
PV= $124,867.78
Explanation:
Giving the following information:
Cash flow= $37,250
Discount rate= 15%
Number of periods= 5 years
To calculate the present value, we need to use the following formula:
PV= A*{(1/i) - 1/[i*(1 + i)^n]}
PV= 37,250*{(1/0.15) - 1/[0.15*(1.15^5)]}
PV= $124,867.78
While attending a show you are disturbed by a child behind you who talks incessantly while repeatedly kicking the back of your seat.You respond by occasionally turning around and fidgeting in your seat.What type of conflict-management style are you exhibiting?
A) collaboration
B) competition
C) accommodation
D) avoidance
E) withdrawal
Answer: avoidance
Explanation:
Conflict avoidance occurs when a person avoids conflict by not reacting to it and rather changes the subject or avoids fighting back.
Since the person doesn't confront the child whom talking incessantly while repeatedly kicking the back of the seat but rather occasionally turns around and fidgets in the seat, then the type of conflict-management style being exhibited is avoidance.
You should begin routine requests with ________.
Question 14 options:
a buffer that builds up to your main request
an attention-getting statement, fact, or question
a justification for your request
a clear statement of your request
Answer:
a clear statement of your request
Explanation:
You have to want to make it clear what your request is.
You should begin routine requests with a clear statement of your request. Thus, the option (d) is correct.
What is request?
Asking for something is referred to as making a request. The request entails persuading and swaying someone. Always, the request is to make a proper and polite request. “Please” is used as the first word when someone asks for anything or when they are asked not to order anything.
The routine request is part of the request. A routine request is usually used in writing. The routine request is the special request of writing the letter. Routine requests are mostly used in business and court cases. Routine requests are helpful for building relationships. It is a clear statement of request, not a bossy and negative word used.
Therefore, option (d) is correct.
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What is Walmart's Times Interest Earned Ratio for the year of 2018 (round it to 3 numbers after the decimal point -> 0.581)
Answer:
17.10 times
Explanation:
Complete word "Walmart's reported the following amounts on its 2018 income statement E(Click the icon to view the amounts.) What is Walmart's times-interest-earned ratio for 2018? (Round to two decimals.) Times-interest-earned ratio X Data Table Year Ended December 31, 2018 42,000 Net income 6,300 Income tax expense 3,000 Interest expense Print Done"
EBIT = Net Income + Interest expenses + Income tax expense
EBIT = $42,000 + $3,000 + $6,300
EBIT = $51,300
Times Interest Earned Ratio = EBIT / Interest Expenses
Times Interest Earned Ratio = $51,300 / $3,000
Times Interest Earned Ratio = 17.10 times.
Dallas National Bank had the following activities, traceable costs, and physical flow of driver units: Activities Traceable Costs Physical flow of Driver Units Open new accounts $50,000 1,000 accounts Process deposits 36,000 400,000 deposits Process withdrawals 15,000 200,000 withdrawals Process loan applications 27,000 900 applications The above activities are used by the Memorial branch and the University branch: Memorial University New accounts 200 400 Deposits 40,000 20,000 Withdrawals 15,000 18,000 Loan applications 100 160 Refer to Dallas National Bank. What is the cost per driver unit for the loan application activity
Answer:
Dallas National Bank
The cost per driver unit for the loan application activity is:
= $30
Explanation:
a) Data and Calculations:
Activities Traceable Costs Physical flow
of Driver Units Rate
Open new accounts $50,000 1,000 accounts $50
Process deposits 36,000 400,000 deposits $0.09
Process withdrawals 15,000 200,000 withdrawals $0.075
Process loan applications 27,000 900 applications $30
Memorial University
New accounts 200 400
Deposits 40,000 20,000
Withdrawals 15,000 18,000
Loan applications 100 160
Suppose two factors are identified for the U.S. economy: the growth rate of industrial production, IP, and the inflation rate, IR. IP is expected to be 4% and IR 6%. A stock with a beta of 1 on IP and 0.4 on IR currently is expected to provide a rate of return of 14%. If industrial production actually grows by 5%, while the inflation rate turns out to be 7%, what is your best guess for the rate of return on the stock? (Round your answer to 1 decimal place.)
Answer:
15.4%
Explanation:
Calculation to determine your best guess for the rate of return on the stock
The revised estimate on the rate of return on
the stock would be:
Before
14% = α +[4%*1] + [6%*0.4]
α = 14% - 6.4%
α = 7.6%
With the changes:
7.6% + [5%*1] + [7%*0.4]
= 7.6% + 5% + 2.8%
= 15.4%
Therefore your best guess for the rate of return on the stock will be 15.4%
Phone regularly prices its products at cost plus a 40 percent markup for profit. Smart prices its sales at cost plus a 20 percent markup. The total sales reported by Phone and Smart include both intercompany sales and sales to nonaffiliates. Required: a. What amount of sales will be reported in the consolidated income statement for 20X8
Answer: $790,000
Explanation:
The amount of sales that should be recorded in the consolidated statement is the total sales of each company less the sales of each company to each other.
Consolidated sales = (660,000 + 510,000) - (140,000 + 240,000)
= 1,170,000 - 380,000
= $790,000
Imagine in a particular country several major financial institutions fail within a relatively short timeframe, and the country's leader announces a massive federal government bailout is needed to avoid an economic collapse. During this period, uncertainty on the part of business leaders and consumers would be reasonably expected to increase for a while. What impact could this increase in uncertainty have on interest rates as described in the instructor's presentation
Answer:
If decrease in demand for loanable funds was less than decrease in supply then interest rate will increase.
Explanation:
In the case when there is an increase in the uncertainity so the impact should be that it reduced the demand for the loanable fund and that should be less than the reduction in the supply due to this there should be the rise in the rate of the interest. Also we cant estimated the rate of interest whether it is increased or not but as per the theory of supply and demand if supply decreased more than the demand so the rate of interest should increased