Answer:
2.5 Kilometers per hour
Explanation:
Answer:
[tex]\boxed {\boxed {\sf 62.5 \ kilometers}}[/tex]
Explanation:
Distance is the product of speed and time.
[tex]d=s*t[/tex]
The speed is 12.5 kilometers per hour and the time is 5 hours.
[tex]s=12.5 \ km/hr \\t= 5 \ hr[/tex]
Substitute the values into the formula.
[tex]d= 12.5 \ km/hr * 5 \ hr[/tex]
Multiply. Note that the unit of hours will cancel each other out.
[tex]d=62.5 \ km[/tex]
Latoya traveled 62.5 kilometers.
Pasadena Candle Inc. budgeted production of 785,000 candles for January. Each candle requires molding. Assume that six minutes are required to mold each candle. If molding labor costs $18 per hour, determine the direct labor cost budget for January. Wax is required to produce a candle. Assume 487,125 pounds of material will be purchased during January. The candle wax costs $1.24 per pound. Prepare a cost of goods sold budget for Pasadena Candle Inc. using the information above. Assume the estimated inventories on January 1 for finished goods and work in process were $200,000 and $41,250, respectively and direct materials wax inventory of 16,000 pounds. Also assume the desired inventories on January 31 for finished goods and work in process were $120,000 and $28,500, respectively and direct materials wax inventory of 12,500 pounds. Factory overhead was budgeted at $300,000. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Answer:
$2,414,125
Explanation:
Preparation of a cost of goods sold budget for Pasadena Candle Inc
Pasadena Candle Inc. COST OF GOODS SOLD BUDGET For the Year Ending December 31
Finished goods inventory, January 1 $200,000
Work in process inventory, January 1 $41,250
DIRECT MATERIALS:
Direct materials inventory, January 1 $19,840
Direct materials purchases $60,4035
Cost of direct materials available for use $62,3875
Direct materials inventory, December 31 $15,500
Cost of direct materials placed in production $608,375
Direct labor $1,413,000
Factory overhead $300,000
TOTAL manufacturing costs $2,321,375
Total work in process during period $2,362,625
($41,250+$2,321,375)
Work in process inventory, December 31 $28,500
Cost of goods manufactured $2,334,125
($2,362,625-$28,500)
Cost of finished goods available for sale $2,534,125
($2,334,125+$200,000)
Finished goods inventory, December 31 $120,000
COST OF GOODS SOLD $2,414,125
($2534125-$120,000)
Therefore The cost of goods sold budget for Pasadena Candle Inc will be $2,414,125
Sarah has investments in four passive activity partnerships purchased several years ago. Last year the income and losses were as follows:
Activity Income (Loss)
A $30,000
B (30,000)
C (15,000)
D (5,000)
In the current year, she sold her interest in Activity D for a $10,000 gain. Activity D, which had been profitable until last year, had a current loss of $1,500. Answer the following questions to determine how the sale of Activity D affects Sarah's taxable income in the current year.
a. The amount of suspended losses carried forward to the year of the sale is: ______________.
b. What amount of the suspended losses is allocated to Activity D?
Answer:
Ist B
Explanation:
Ist b
If overhead applied is less than actual overhead incurred, it is:
Fully applied
Answer:
under applied overhead
Explanation:
In the case when the applied overhead i.e. computed by mutiplying the actual direct labor or actual machine hours with the predetermined overhead rate is lower than the actual overhead so this represent the under applied overhead
Hence, the given situation represent the under applied overhead
Your boss gave you a project to complete in 1 week. How would you go about
planning, organizing and delegating with your staff off six (6)?
Answer:
Communicate the task. Describe to your employees exactly what you want done, when you want it done, and the end results you expect. Be clear and unambiguous and encourage your employees to ask questions. ... Empower your employees with the level of authority required to complete the task.
Uing the direct method, and the information in the exhibits, prepare the financing activities section of the statement of cash flows for Alaskan Travels, Inc., as of December 31, Year 2. In the first column, from the option list provided, select the description for cash flows that are clearly from financing activities. In the second column, enter the amounts that will be reported in the financing activities section of the statement of cash flows. Indicate negative numbers by using a leading minus (-) sign.
Cash flows from financing activities: Net cash provided by (used in) financing activities:
1.
2.
3.
4.
5.
Total:
Answer:
1. Dividends Paid - $8,900
2. Short term borrowing $5,500
3. Interest Paid - $1,208
4. Increase in Share capital $10,000
5. Long term borrowings Repayment - $7,250
Explanation:
Cash flows statements are important for a business as this clears out company position in terms of cash. The cash inflows and outflows are reported in the statement. There are three different categories in which cash is reported, Operating activities, Investing Activities and Financing Activities.
Financing activities shows cash flows which are used to fund the business. This part of cash flow shows the net cash generated from different sources of finance.
Two independent companies, Denver and Bristol, each own a warehouse, and they agree to an exchange in which no cash changes hands. The following information for the two warehouses is available:Denver BristolCost $90,000 $45,000Accumulated depreciation 55,000 25,000Fair value 30,000 30,000Required:1. Assuming the exchange has commercial substance, prepare journal entries for both Denver and Bristol to record the exchange.2. Assuming the exchange does not have commercial substance, prepare journal entries for both Denver and Bristol to record the exchange.
Answer:
1. In the books of Denver
Dr Accumulated depreciation 55000
Dr Warehouse (new) 30000
Dr Loss on disposal 7000
Cr Warehouse (old) 90000
Cr Cash 2000
2. In the Books of Bristol:
Dr Cash 2000
Dr Warehouse (new) 28,000
Dr Accumulated depreciation 25000
Cr Loss on disposal 10000
Cr Warehouse (old) 45000
Explanation:
1. Preparation of the journal entries for Denver
In the books of Denver
Dr Accumulated depreciation 55000
Dr Warehouse (new) 30000
($28000 + $2000)
Dr Loss on disposal 7000
(90,000+2,000-55,000-30,000)
Cr Warehouse (old) 90000
Cr Cash 2000
(Being To record the exchange of warehouse)
2. Prepare of the journal entries for Bristol
In the Books of Bristol:
Dr Cash 2000
Dr Warehouse (new) 28,000
($30000 - $2000)
Dr Accumulated depreciation 25000
Cr Loss on disposal 10000
(2000+28,000+25,000-45,000)
Cr Warehouse (old) 45000
(Being To record the exchange of warehouse)
If you were charged $1152 in taxes on a $2560 purchase. What percent tax were you charged
Answer:
Percent tax = 45%
Explanation:
Given:
Amount of tax charged = $1,152
Amount of purchase = $2,560
Find:
Percent tax
Computation:
Percent tax = [Amount of tax charged / Amount of purchase]100
Percent tax = [1152 / 2560]100
Percent tax = 45%
_______ describes approaches that recognize differences between target markets by using individual marketing mixes.
a. market segmentation
b. segmentation criteria
c. segmented marketing strategy
Answer:
Option C, Segmented marketing strategy
Explanation:
Segmented marketing strategy is a process of breaking down the targeted audience into smaller groups so that it can be easily managed. The criteria’s used for breaking down the market include – geography, behaviour, demography and Psychographic.
Hence, option C is correct
company send and receive messages daily via email, voice mail, text and traditional memos. A persuasive message occurs when a person attempts to convince an individual or group to take certain specific actions. negative messages are often associated with bad news such as employer firings layoffs and negative reviews.
provide 1-2 strategies you might incorporate to ensure effectiveness of persuasive message in business
provide 1-2 strategies to help ensure the most polite, professional and appropriate manner to deliver bad news in business
Explanation:
Persuasive message:
Cordial, positive communication, with a focus on negotiation and openness to receiving proposals and feedbacks. Indirect approach, with a focus on explaining the advantages and benefits of the public to perform the expected action such as performing a specific task or concluding a sale.
Deliver bad news in business:
Be transparent and communicate all the reasons that led the organization to face the bad news that is being communicated, maintaining a realistic but positive approach to maintain the sense of unity and overcoming of employees. Using an indirect approach so that bad news has less impact on the audience, for this the communication is made using soothing words and the news is in fact only given at the end of the message when explanations of the reasons for the fact are explained which increases the employees' sense of understanding.
Fogel Co. has $2,500,000 of 8% convertible bonds outstanding. Each $1,000 bond is convertible into 30 shares of $30 par value common stock. The bonds pay interest on January 31 and July 31. On July 31, 2010, the holders of $800,000 bonds exercised the conversion privilege. On that date the market price of the bonds was 105 and the market price of the common stock was $36. The total unamortized bond premium at the date of conversion was $175,000. Fogel should record, as a result of this conversion, aa. credit of $136,000 to Paid-in Capital in Excess of Par.b. credit of $120,000 to Paid-in Capital in Excess of Par.c. credit of $56,000 to Premium on Bonds Payable.d. loss of $8,000.
Answer:
a. credit of $136,000 to Paid-in Capital in Excess of Par
Explanation:
Based on the information given Fogel should record, as a result of this conversion, a CREDIT of the amount of $136,000 to Paid-in Capital in Excess of Par which is calculated as:
Paid-in Capital in Excess of Par=800,000 + ($175,000 × .32) – (800 × 30 × $30)
Paid-in Capital in Excess of Par= $136,000
Fogel should record the conversion as A. credit of $136,000 to Paid-in Capital in Excess of Par.
Based on the information that was given, the paid in capital in excess of par will be calculated thus:
= $800000 + ($175000 × 0.32) - (800 × 30 × 30)
= $136000
Therefore, from the calculation above, the recording will be a credit of $136,000 to Paid-in Capital in Excess of Par.
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provide one to two strategies you might incorrect to ensure effectiveness of persuasive message in business.
provide one to two strategies to help ensure the most polite professional and appropriate manner to deliver bad news in business.
Explanation:
Persuasive message:
A persuasive message in business has as its main objective to convince the public to act or do something, such as carrying out tasks, engaging in a project or closing sales. So two effective strategies could be:
speak or write about the advantages that the public will have in carrying out what is being asked for or sold. have good oratory and convincing skills when using mental triggers and persuasive techniquesDeliver bad news in business:
In order to deliver negative messages to an organization, the communication process must be carried out with great caution, since negative news are generally received with dissatisfaction by the public and if they are not passed on effectively they can cause conflicts and other problems in the organizational environment. Some strategies for delivering negative messages would therefore be:
Using an indirect approach to cushion bad news, this approach aims to not speak the news right at the beginning of the message, but to list the facts that have led to a negative situation, so there is a greater sense of understanding by the audience and cushioning the central news. Be as transparent as possible, recognizing the difficulties that the company will face at the moment but using positive elements in the message that reiterate the union and the overcoming of the whole company.Use the following information to compute the cost of direct materials used for the current year. Assume the raw materials inventory account is used only for direct materials. (Assume no indirect materials.)
January 1 December 31
Inventories Raw materials inventory $7,300 $7,800
Work in process inventory 12,400 9,400
Finished goods inventory 10,200 6,300
Activity during current year
Materials purchased $127,000
Direct labor 94,800
Factory overhead 44,700
Answer:
$126,500
Explanation:
Computation of cost of direct materials used
Raw materials inventory Jan 1
$7,300
Add:
Materials purchased
$127,000
Raw materials available for production
$134,300
Less:
Raw materials inventory December, 31
($7,800)
Cost of direct materials used
$126,500
The accounting staff of Welter Company has assembled the following information for the year ended December 31,
2002
Cash sales
$ 450,000
Credit sales
3,100,000
Collections on accounts receivable
3.100,000
Cash transferred from the money market fund to the general bank account 170,000
Interest and dividends received
80,000
Purchases (all on account)
1,650,000
Payments on accounts payable to merchandise suppliers
1,400,000
Cash payments for operating expenses
1,130,000
Interest paid
160,000
Income taxes paid
72,000
Loans made to borrowers
750,000
Collections on loans (excluding receipts of interest)
250,000
Cash paid to acquire plant assets
2,000,000
Book value of plant assets sold
540,000
Loss on sales of plant assets
60,000
Proceeds from issuing bonds payable
3,000,000
Dividends paid
260,000
Cash and cash equivalents, Jan. 1
700.000
Prepare a statement of cash flows. Place brackets around amounts representing cash outflows. Use the
direct method of reporting cash flows from operating activities
Answer: brainliest please
Explanation:
Prepare a statement of cash flows. Place brackets around amounts representing cash outflows. Use the
Statement of Cash flows
Cash flows from operating activities
cash received from customers
3,007,000
interest and dividends received
100,000
3,107,000
cash paid for merchandise
-1,520,000
cash paid for other operating expenses
-1,045,000
interest paid
-180,000
cash paid for income taxes
-95,000
net cash provided by operating activities
267,000
Cash flows from investing activities
Loans made to borrows
-500,000
Collections from loans to borrowers
260,000
cash paid for assets
-3,100,000
cash from sale of assets
575900
net cash provided by investing activities
-2,764,100
Cash flows from financing activities
proceeds from issuing bonds
2,500,000
payment of dividend
-120,000
net cash provided by financing activities
2,380,000
net increase in cash
-117,100
Cash balance, beginning
512,000
Cash transfer from money market to general bank 250,000
cash balance, ending
644,900
(1) Compute the amount of collections from customers.
Cash sales $ 812,000 + Collections on accounts receivable 2,195,000 = $3,007,000
(2) Compute the amount of cash paid to suppliers and employees.
Cash paid to suppliers = $1,520,000 + 1045000 = 2,565,000
(3) Compute the amount of proceeds from sales of plant assets
Proceeds from sales of plant assets $
Book value of plant assets sold 655,300 - Loss on sales of plant assets 79400 = $575,900
You have emerged as the leader of your business finance group project in class. Your group has been working together for five weeks on the major part of the project, the in-class group presentation. One group member has missed quite a few group meetings lately and is minimally contributing to the ideas and final product for the in-class presentation. This group member is a junior in finance with a minor in communications and stated that she is an expert in PowerPoint and multimedia presentations. Based on SLII, which leadership style should you exhibit?
Answer:
Based on SLII, the leadership style you should exhibit in this case is:
Directing.
Explanation:
Directing as a leadership style should not be done in total isolation of the other leadership styles. While the junior member can be delegated to handle the organization of the PowerPoint presentation, there is need to initially direct, coach, and support this member to ensure that group objectives are attained.
Directing ensures that this junior member is properly instructed and supervised.
Coaching ensures that the junior member, having shown some level of competence, is fully engaged to develop all the required skill-set.
Supporting enhances the competence level of the junior group member. This can be achieved through the active participation of the leader in the junior's assignments.
Delegating ensures that the ultimate leadership goal is attained, and this happens when the junior's competence cannot be questioned.
Sylvana is given a job offer with two alternative compensation packages to choose from. The first package offers her $250,000 annual salary with no qualified fringe benefits. The second package offers $235,000 annual salary plus health and life insurance benefits. If Sylvana were required to purchase the health and life insurance benefits herself, she would need to pay $10,000 annually after taxes. Assume her marginal tax rate is 35 percent.
Required:
a. Which compensation package should she choose and by how much would she benefit in after-tax dollars by choosing this package?
b. Assume the second package offers $240,000 plus benefits instead of $235,000 plus benefits. Which compensation package should she choose and by how much would she benefit in after-tax dollars by choosing this package?
Answer:
Sylvana
a. Compensation package to choose = 2nd Package
After-tax dollars benefit for choosing the 2nd Package = $3,250
b. Compensation package to choose = 2nd Package
After-tax dollars benefit for choosing the 2nd Package = $6,500
Explanation:
a) Data and Calculations:
1st Package 2nd Package
Annual salary $250,000 $235,000
Fringe benefits $0 10,000
Health & Life Insurance (10,000) $0
Taxable income $240,000 $245,000
Taxes (35%) (84,000) (85,750)
Net pay $156,000 $159,250
Net benefit of 2nd Package over 1st Package = $3,250 ($159,250 - $156,000)
1st Package 2nd Package
Annual salary $250,000 $240,000
Fringe benefits $0 10,000
Health & Life Insurance (10,000) $0
Taxable income $240,000 $250,000
Taxes (35%) (84,000) (87,500)
Net pay $156,000 $162,500
Net benefit of 2nd Package over 1st Package = $6,500 ($162,500 - $156,000)
Job costing, accounting for manufacturing overhead, budgeted rates. The Pisano Company uses a job-costing system at its Dover, Delaware, plant. The plant has a machining department and a finishing department. Pisano uses normal costing with two direct-cost categories (direct materials and direct manufacturing labor) and two manufacturing overhead cost pools (the machining department with machine- hours as the allocation base and the finishing department with direct manufacturing labor costs as the allocation base). The 2014 budget for the plant is as follows:
Machining Department Finishing Department
Manufacturing overhead costs $9,065,000 $8,181,000
Direct manufacturing labor costs $970,000 $4,050,000
Direct manufacturing labor-hours 36,000 155,000
Machine-hours 185,000 37,000
Required:
What is the budgeted manufacturing overhead rate in the machining department? In the finishing department?
Answer:
Budgeted manufacturing overhead rate in the machining department is $49.00 per machine hour. In the finishing department is $52.78 per direct labor hour.
Explanation:
Budgeted manufacturing overhead rate = Budgeted Overheads ÷ Budgeted Activity
Note that ;
1. Machining department has machine- hours as the allocation base.
2.Finishing department has direct manufacturing labor costs as the allocation base
Therefore,
Budgeted manufacturing overhead rate (Machining department) = $9,065,000 ÷ 185,000 = $49.00 per machine hour
Budgeted manufacturing overhead rate (Finishing department) = $8,181,000 ÷ 155,000 = $52.78 per direct labor hour
Conclusion
Budgeted manufacturing overhead rate in the machining department is $49.00 per machine hour. In the finishing department is $52.78 per direct labor hour.
On January 1, 2019, Crane Company granted Sam Wine, an employee, an option to buy 1,000 shares of Crane Co. stock for $30 per share, the option exercisable for 5 years from date of grant. Using a fair value option pricing model, total compensation expense is determined to be $5880. Wine exercised his option on October 1, 2021 and sold his 1,000 shares on December 1, 2021. Quoted market prices of Crane Co. stock in 2021 were:
July 1 $30 per share
October 1 $36 per share
December 1 $40 per share
The service period is for three years beginning January 1, 2019. As a result of the option granted to Wine, using the fair value method, Ellison should recognize compensation expense on its books in the amount of:_______
a. $1,800.
b. $600.
c. $450.
d. $0.
Answer:
b. $600
Explanation:
Calculation for what Ellison should recognize
as compensationn expense on its books
Based on the information given if the total compensation expense was the amount of $1,800 in which The service period is for three years which begins from January 1, 2010 which means that the Compensation for 2010 will be calculated by Using this formula
Compensation for 2010= Total compensation / 3 years
Let plug in the formula
Compensation for 2010 = $1,800 / 3 years
Compensation for 2010 = $600
Therefore Ellison should recognize compensation expense on its books in the amount of $600
Daniel and Melissa just bought a new house for $200,000. Each quarter, they now have to pay $4,000 in taxes. Which type of tax are they MOST
likely paying because of this purchase?
OA estate
OB
inheritance
Ос
real estate property
OD.
income
Answer:Real estate property
Explanation:Real estate property
Daniel and Melissa have to pay real estate property tax for purchasing new house. The correct option is (c).
What is real estate property tax?Real estate property tax refers to that amount which is paid by the owner of the property holder to the local government or Municipal Corporation according to the law of their country.
Real estate property refers to office buildings, commercial buildings, property, residential homes that are rented out to the third parties all these are considered under it. Householders pay this tax every year to the local government.
Calculate the property tax:
Property tax = base value × built up area ×age factor× type of building × category of use × floor factor.
Daniel and Melissa pay the property tax because it comes under the residential property. This tax shall be go to the local government. This real estate property tax paid by every year.
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Some estimates have been presented to Charlene, the Director of Operations (DO) at Holly Farms, which is considering alternative environmental chambers for a project that will detail laboratory confirmations of online bacteria tests in chicken meat for the presence of E. coli 0157:H7 and Listeria monocytogenes.
Chamber D103 Chamber 490G
Installed cost, $ -400,000 -250,000
Annual operating cost, $ per year -4000 -3000
Salvage value at 10% of P, S 40000 25,000
Life, years 3 2
Required:
a. If this project will last for 6 years and i 10% per year, perform an AW method evaluation to determine which chamber is more economical.
b. Chamber D103 can be purchased with different options and, therefore, at different installed costs. They range from$300,000 to $500,000. Will the selection change if one of these other models is installed?
Answer:
Answer is explained in the explanation section below.
Explanation:
Solution:
First, we need to sort out the data given properly, so that we can answer to the best.
Data Given:
For Chamber D103:
Installed Cost = -400,000 USD
Annual Operating Cost Per Year = -4000 USD
Salvage Value 10% of P = 40,000 USD
Life = 3 years
Similarly,
For Chamber 490G:
For Chamber D103:
Installed Cost = -250,000 USD
Annual Operating Cost Per Year = -3000 USD
Salvage Value 10% of P = 25,000 USD
Life = 2 years
a.
For Chamber D103
AW Chamber D103 = -400,000 x (A/P, 10%, 3) + 40000 x (A/F,10%, 3) - 4000
So,
(A/P, 10%, 3) = 0.40211 (from the compound interest table )
(A/F,10%, 3) = 0.30211
AW Chamber D103 = -400,000 x 0.40211 + 40000 x 0.30211 - 4000
AW Chamber D103 = -152,760 USD
For Chamber 490G:
AW Chamber 490G = -250,000 x (A/P,10%,2) + 25000 x (A/F,10%, 2) - 3000
So,
(A/P,10%,2) = 0.5762
(A/F,10%, 2) = 0.4762
AW Chamber 490G = -250,000 x 0.5762 + 25000 x 0.4762 - 3000
AW Chamber 490G = -135,143 USD
So, after evaluating both the chambers using the AW method, more economical is the chamber 490G.
b.
Now, we need to change the values to check whether the chamber selection can be changed or not:
so, New values for Chamber D103
P = -300,000 and Salvage value of 30,000
For Chamber D103
AW Chamber D103 = -300,000 x (A/P, 10%, 3) + 30000 x (A/F,10%, 3) - 4000
So,
(A/P, 10%, 3) = 0.40211 (from the compound interest table )
(A/F,10%, 3) = 0.30211
AW Chamber D103 = -300,000 x 0.40211 + 30,000 x 0.30211 - 4000
AW Chamber D103 = -115,570 USD
New Values for Chamber D103
P = -500,000 and the Salvage Value = 50,000
AW Chamber D103 = -300,000 x (A/P, 10%, 3) + 30000 x (A/F,10%, 3) - 4000
So,
(A/P, 10%, 3) = 0.40211 (from the compound interest table )
(A/F,10%, 3) = 0.30211
AW Chamber D103 = -500,000 x 0.40211 + 50,000 x 0.30211 - 4000
AW Chamber D103 = -189,950 USD
Hence,
At P = 300,000 will definitely change the selection to D103 Chamber.
What is Growth-oriented definition of Economics? Explain the main virtues of this definition.
Growth Definition (1948) According to Prof. Paul A Samuelson “ Economics is the study of how men and society choose with or without the use of money, to employ the scarce productive resources which have alternative uses, to produce various commodities over time and distribute them for consumption now and in future.
Which of the following statements is correct?
A. All else the same, an investor will require less return to invest in a callable bond than one that is not callable.
B. All else the same, an investor will require more return to invest in a callable bond than one that is not callable.
C. The call feature does not impact the return that investors demand.
D. We would need to know the current level of interest rates to answer this question.
Answer:
B. All else the same, an investor will require more return to invest in a callable bond than one that is not callable.
Explanation:
A callable bond is a bond that is redeemable. Before this bond gets to when it is matured, it could be redeemed. Bonds of these nature can give better rates of interest or return or coupon rates based on the fact that they are callable.
the answer to this question therefore is that an investor is going to need more return to invest in this type of bond than one that is not callable.
Employment agencies are either ____ or ____.
professional
public
personal
private
Answer: public or private
Explanation:
Turnbull Corporation is constructing an office building that it will use in its business. Construction of the building started in the current accounting period Turnbull paid its builder $250,000 toward construction of the building. During the period Turnbull had outstandingjilebt of $200,000 with an interest rate of 6% and pays interest at the end of the period. What amount of interest should Turnbull include in the cost of the building from the current period?
A. $0
B. $3,000
C. $12,000
D. $15,000
Answer: $12000
Explanation:
The amount of interest should Turnbull include in the cost of the building from the current period will be calculated as the outstanding debt multiplied by the interest rate. This will be:
= $200,000 × 6%
= $200,000 × 6/100
= $200,000 × 0.06
= $12,000
Therefore, the correct option is C.
We discussed that President Roosevelt shifted SRAS to the left when he cartelized industries and boosted prices, making the economic downturn really bad. While some of government spending went to social programs, a rather large amount of government activity involved creating inflation. There are other things he could have done to mitigate, rather than exacerbate, the problem. Which of the following would have instead brought the economy back to full employment? (Check all that apply.)
A. Increase business taxes.
B. Reduce business regulations.
C. Strengthen labor unions
D. Spend money only on social programs.
Answer:
One of the things President Roosevelt could have done to mitigate, rather than exacerbate inflation or economic downturn was:
B. Reduce business regulations.
Explanation:
During his tenure government obtained the legal backing to regulate businesses. We are aware of the detrimental effects of business regulations by government, which skyrocketed from 1936 at the height of the New Deal measures, thereby increasing the compliance burden on businesses. Some of the newest regulations include the Federal Trade Commission (FTC), the Fair Packaging and Labeling Act of 1966, Fair Labor Standards Act (FLSA), The Employee Retirement Income Security Act (ERISA), the Environmental Protection Agency (EPA), and several Privacy laws.
Outdoor Expo provides guided fishing tours. The company charges $200 per person but offers a 10% discount to parties of four or more. Consider the following transactions during the month of May.
May 2 Charlene books a fishing tour with Outdoor Expo for herself and four friends at the group discount price ($900 = $180 × 5). The tour is scheduled for May 7.
May 7 The fishing tour occurs. Outdoor Expo asks that payment be made within 30 days of the tour and offers a 5% discount for payment within 15 days.
May 9 Charlene is upset that no one caught a single fish and asks management for a discount. Outdoor Expo has a strict policy of no discounts related to number of fish caught.
May 15 Upon deeper investigation, management of Outdoor Expo discovers that Charlene’s tour was led by a new guide who did not take the group to some of the better fishing spots. In concession, management offers a sales allowance of 40% of the amount due.
May 20 Charlene pays for the tour after deducting the sales allowance.
Required:
a. Record the necessary transaction(s) for Outdoor Expo on each date.
b. Calculate net sales.
c. Show how Outdoor Expo would present net sales in its income statement.
Answer:
a. Recording of transactions:
May 7, Accounts Receivable (Dr.) $900
Sales Revenue (Cr.) $900
May 15, Customer service Expense (Dr.) $360
Sales Allowance (Cr.) $360
May 20, Cash (Dr.) $495
Cash Discount (Dr.) $45
Sales Allowance (Dr.) $360
Accounts receivable (Cr.) $900
Explanation:
b. Net Sales :
Total Quote ($180 * 5 ) = $900
Less : Cash Discount 5% = 45
Less : Sales Allowance 40% = 360
Net Sales = $495
c. Outdoor expo will record sales after deducting the cash discount. This discount is availed by customer as repayment is made within 15 days. The sales allowance is subtracted from the gross sales as the compensation is made from the outdoor expo due to mistake from their guide on tour. The net sales reported in Income statement will be $495.
You are an adult friend of a sixty-five year old male, James, who lives next door. James is friendly and kind to you and your family. James has become increasingly forgetful of facts and names lately and you once found him lost in another part of your familiar neighborhood. On the other hand, James has significant periods of mental clarity, living independently and performing complex mental tasks. For example, he profitably buys and sells collectibles at flea markets and on the Internet. James's family lives far away, and may not know that James is possibly showing early signs of mental instability. You know that a court can determine if someone is mentally incompetent and appoint a guardian to represent that individual. Only then can the guardian enter into binding legal obligations on behalf of the mentally incompetent person.
Required:
From the perspective of contractual legal capacity, explain the advantages and drawbacks of declaring someone like James incompetent.
Answer:
Advantages of declaring James incompetent:
James will have someone taking care of him permanently.Since James lives alone, it will not cause stress on his family.Court will appoint a person to manage and handle James' assets through a power of attorney.
Disadvantages of declaring James incompetent:
James will lose control of his assets and his business might decline.He might be psychologically affected even more and his condition could get worse.After a while, his legal guardian might want to change his mind because taking care of someone else might become a problem.Choose the sentence that is most clearly written by circling the letter of your choice.
a. With her bonus money, Mary decided to paint the kitchen, carpet the dining room,and to buy a new stereo.
b. With her bonus money, Mary decided to paint the kitchen, carpet the dining room, and buy a new stereo.
c. With her bonus money, Mary decided to paint the kitchen, put carpet in the dining room, and to buy a new stereo.
d. With her bonus money, Mary decided to paint the kitchen, carpeting the dining room, and buying a new stereo.
Answer:
c
Explanation:
choose c because the correct wording when writing, With her bonus money, Mary decided to paint the kitchen, put carpet in the dining room, and to buy a new stereo. this is the only sentence that uses the words put carpet in the dining room and that us grammatically correct.
The most clearly written sentence is With her bonus money, Mary decided to paint the kitchen, carpet the dining room, and buy a new stereo. Option B is the correct answer.
This sentence is concise and follows a parallel structure by using the verb "to" before each action (paint, carpet, buy). The sentence is clear and easy to understand, without any unnecessary words or repetitive phrases. Option B is the correct answer.
Sentence refers to the rules and structure that govern the formation and arrangement of words, phrases, and clauses within a sentence to convey meaning accurately. It ensures that a sentence is grammatically correct and easy to understand. A sentence typically consists of a subject (the person, thing, or idea the sentence is about) and a predicate (the part of the sentence that provides information about the subject, including the verb).
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Owners of a local restaurant are concerned about their ability to provide quality service as they continue to grow and attract more customers. They have collected data from Friday and Saturday nights, their busiest times of the week. During these time periods about 94 customers arrive per hour for service. Given number of tables and chairs, and the typical time it takes to serve a customer, they the owners estimate they can serve on average about 138 customers per hour.
During these nights, are they in the zone of service, the critical zone, or the zone of nonservice?
a. Critical zone
b. Zone of service
c. Zone of nonservice
Answer:
b. Zone of service
Explanation:
The restaurant is capable of serving 138 customers per hour, and the average demand was 94 customers per hour. That means that the average demand is located with in the zone of service. If hte demand was higher than the restaurant's capacity, then it would be considered critical zone.
There are different kinds of zones. During these nights, are they in the zone of service.
The Zone of services is known to be a term that defines the distance or range of service performance that is linked with a sense of inertia.
In this case, customers are not keen to little increases or decreases of service quality within the specific zone
The Zone of Tolerance in service is also known as a term that often attract new attention in the services marketing domain.
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On April 1, a patent with an estimated useful economic life of 12 years was acquired for $1,500,000. In addition, on December 31, it was estimated that goodwill of $6,000,000 was impaired.
a. Record the acquisition of patent.
b. Journalize the adjusting entry on December 31 for the amortization of the patent rights.
c. Journalize the adjusting entry on December 31 for the impaired goodwill.
Answer:
April 1
Debit : Patent $1,500,000
Credit : Cash $1,500,000
December 31
Debit : Amortization $125,000
Credit : Accumulated Amortization $125,000
December 31
Debit : Impairment loss $6,000,000
Credit : Accumulated Impairment loss $6,000,000
Explanation:
Both the Amortization and Impairment loss reduce the value of assets. They are therefore expenses accounted in Income Statement.
Amortization : is the loss of value of an asset due to passage of time.
Amortization Expense = (Cost - Residual Amount) ÷ Useful Life
= ( $1,500,000 - $ 0) ÷ 12
= $125,000
Impairment loss : is the excess of the Carrying Amount of an Asset over its Recoverable Amount( Higher of Value in Use and Fair Value less Cost to Sell)
Question Help
The table gives information about a nations labor force.
What’s is the unemployment rate?
The employment rate is_____percent
What's is the unemplyment rate?
The unemployment rate soared from a 50-year low of 3.5 percent to 14.8 percent in April 2021 at the beginning of the CVID-19 pandemic, and then fell faster than many forecasters anticipated, to 6.3 percent in January 2021
The employment rate is_____percent
The employment-population ratio represents the proportion of the civilian non-institutional population that is employed. In 2021, the U.S. employment rate stood at 56.8 percent.