Answer:
D) A higher interest may be associated with this unsecured loan.
Explanation:
The secured loan is the loan in which collateral property is pledged while on the other hand the unsecured loan is the loan in which no collateral property is pledged
As in the given situation, the unsecured loan is higher riskier as compared with the unsecured loan. Moreover, in the unsecured loan the interest rate is high and it required high credit scores
Therefore the option D is most appropriate and fits to the current scenario
Assume that you work for a company that produces different types of flavored salty snacks for many different target markets (for example, flavored potato chips or flavored sunflower seeds). One part of your job is to explore regularly what flavors your potential customers might like. Taste preferences constantly change, and you may not always be aware of all the flavors people crave. With the above research objective in mind, which type of research would you most likely conduct on a regular basis
Answer:
Focus group
Explanation:
The focus group refers to the people who are involved in a group to discuss about the topic that is related to the research of the market or the analysis of something or discussing for the new product.
It is an open discussion so that everyone who is in a group put their ideas and analyzed it what reactions would be received from an entire population
Since in the question, the taste and preferences changes constantly and the problem is that you are not aware of the flavours what actually people want so it should be discussed in a group so that proper analysis could be made by considering everyone perceptions
Therefore this research represent the focus group
Claremont Company specializes in selling refurbished copiers. During the month, the company sold 180 copiers at an average price of $3,000 each. The budget for the month was to sell 175 copiers at an average price of $3,200. The expected total sales for 180 copiers were.
Answer:
$576,000
Explanation:
Since the company sold 180 copiers, each at $3,000
175 budgeted for the month was sold at $3,200
Therefore, we sum the above
$3,000 + $3,200
=$6,200
Also, multiply the above outcome with the actual copiers sold
$6,200× 180
=$1,116,000
Therefore; to get the expected total sales for 180 copiers;
$3,000 × 180
=$540,000
Then
=$1,116,000- $540,000
=$576,000
An increase in household saving causes consumption to a. fall and aggregate demand to increase. b. rise and aggregate demand to increase. c. rise and aggregate demand to decrease. d. fall and aggregate demand to decrease.
Answer: d. fall and aggregate demand to decrease.
Explanation: When household savings increase, the consumption will fall, as the money which should be spent on consumption such as food, clothing and other products will reduce in other to foster household saving. Also, aggregate demand which is used to measure the total amount of demand for goods and services produced in an economy will also decrease as increase in aggregate demand will inadvertently lead to decrease in household saving.
Therefore, increase in savings requires reduction in spending and demand for products.
Consumption is termed as the process of consuming goods and services by the customers or the households. This is also known as the degree of quantity demanded as it depends on the power of consumption of the individual.
The correct answer is d. fall and aggregate demand to decrease.
When household savings increase, consumption falls because the money available for consumption, such as food, clothes, and other goods, is reduced in order to encourage household savings.
Furthermore, aggregate demand, which is used to assess the overall degree of consumer spending generated in an economy, would fall since a rise in consumer spending will accidentally result in a drop in household savings.
As a consequence, growing savings necessitates lowering expenditure and product demand.
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A 10-year corporate bond has a 6 percent coupon, a call premium of $60, and a first call date in year 4. Market interest rates are 6.5 percent and are expected to rise for an extended period. If you plan to hold the bond, which yield should you most consider before buying the bond
Answer:
YTC = 8.3%
Explanation:
you should calculate the yield to call (YTC)
YTC = {coupon + [(call value - market value)/n]} / [(call value + market value)/2]
but we first need to calculate the market value:
PV of face value = $1,000 / (1 + 6.5%)¹⁰ = $532.73
PV of coupons = $60 x 7.18883 (PV annuity factor, 6.5%, 10 periods) = $431.33
market price = $532.73 + $431.33 = $964.06
YTC = {60 + [(1,060 - 964.06)/4]} / [(1,060 + 964.06)/2] = 83.985 / 1,012.03 = 8.3%
Page 576 14.3. Recent Changes in Capitalism This animation explores different reasons why people work long hours even when their professional or financial situation would enable them to dial back. A key concept in this context is that of the opportunity cost of leisure. How is this concept best explained
Answer:
The summary including its perceived task is demonstrated in the following segment on the interpretation.
Explanation:
The further you pay, then you pass up to make a change from generating income. This would be called opportunity cost since taking a short break is losing the chance to go somewhere else (i.e. gain further extra cash).This is much less the continuation of something like a withheld opportunity than that of the recovery on the alternative you picked.Johan is the manager of CycleUp and has agreed to build a new manufacturing plant in Argentina. He realizes this decision will cause him to shut down a small plant in Ohio, but he decides that since the new facility will cut his operating costs in half, that is worth more than closing a plant employing ten people. Which philosophical approach to ethics does this demonstrate
Answer: Utilitarian
Explanation:
From the question, we are informed that Johan is the manager of CycleUp and has agreed to build a new manufacturing plant in Argentina and that he realizes this decision will cause him to shut down a small plant in Ohio, but he decides that since the new facility will cut his operating costs in half, that is worth more than closing a plant employing ten people
This is referred to as utilitarianism.
Utilitarianism seeks to make the society as a whole better even though it might comes as an expense to a few individuals for the larger society to enjoy.
duties of an office clerk
Answer:
what do you need to know
Felicia is very warm and accepting to both of her two children, but she also sets firm rules that the children must follow with very few exceptions. The characteristics that best describe her are:
Answer:
Responsive and demanding
Explanation:
according to Baumrind, there are four parenting styles :
Authoritative
authoritarian
permissive
Neglectful
Parenting behaviour are divided into two dimensions :
demandingness - when a parent controls their child's actions
Responsiveness - refers to the extent to which the parent accepts and recognises their child's needs
Valley Designs issued a 90-day, 6% note for $60,000, dated April 22, to Bork Furniture Company on account. Assume 360 days in a year when computing the interest. a. Determine the due date of the note. July 21 b. Determine the maturity value of the note.
Answer:
a. 21 July
b. $30,900
Explanation:
a. The computation of due date of the note is shown below:-
= 8 + 31 + 30 + 21
= 21 July
b. The computation of maturity value of the note is shown below:-
Maturity value of the note = Principal + Interest
= $60,000 + ($60,000 × 6% × 90 ÷ 360)
= $30,000 + $450
= $30,900
Therefore we have applied the above formula.
On April 30, Jemison Engineering receives a special order for a swing set to be delivered to the customer in a month's time. Jemison purchases a number of items specifically for the construction of the swing set: lumber, chains, railings and paint. According to the matching concept, when will Jemison Engineering record the cost of those special items as a cost of goods sold expense?
Answer:
When they record the sales revenue related to this special order.
Explanation:
The matching principle of accounting states that you must record revenue and all related COGS at the same time, i.e. when Jamison Engineering records sales revenue, they also must record COGS associated to the sales. Accrual accounting establishes that you cannot record COGS at a prior or later date.
Q 11.35: Felix Incorporated has just exchanged 1,250 shares of $65 par-value preferred stock for a parcel of land advertised for a price of $90,000. If the current market value of the stock is $75 per share, how should Felix journalize this transaction
Answer:
Felix Incorporated
Exchange of Preferred Stock for Land:
Journal Entries:
Debit Land $90,000
Credit Preferred Stock $81,250
Credit Additional Paid-in Capital - Preferred Stock $8,750
To record the issue of 1,250 of $65 par-value preferred stock for land with a fair price of $90,000.
Explanation:
Felix Incorporated will debit Land with the fair price of $90,000 and Credit the Preferred Stock account with $81,250 (1,250 x $65) at par-value. The difference between the fair price of land and the preferred stock at par-value is credited to additional paid-in capital account for preferred stock. Felix Incorporated cannot take into account the current market value of the stock at $75 in its accounting records. The current share price of $75 is for the benefit of investors, and can only serve as basis for Felix Incorporated to decide transactions with potential investors.
The federal government has asked how your company plans to reduce pollution in your metropolitan area. You decide to organize a team (members from different departments) to handle the government's request. To increase a sense of empowerment, what should you do?
The question is incomplete:
The federal government has asked how your company plans to reduce pollution in your metropolitan area. You decide to organize a team (members from different departments) to handle the government's request. To increase a sense of empowerment, what should you do?
A) Have them generate ideas for you to decide
B) Treat them as a suggestion team and have them teach each other their job
C) Allow them to make the decision but tell them that you will handle how the decision will be implemented
D) Allow them to make the decision and implement the solution as well
Answer:
D) Allow them to make the decision and implement the solution as well
Explanation:
Empowerment means to provide employees certin autonomy and giving them the resources to handle their projects. According to this, the answer is that to increase a sense of empowerment, you should allow them to make the decision and implement the solution as well as you will be allowing the employees to have the responsability to handle a task completely.
The other options are not right because when the supervisor maintains certain power to make decisions, employees don't increase the sense of empowerment as they are not able to handle the request by themselves.
Medeco sold goods for $100 to a charge customer. The customer returned for credit $25 worth of goods. Terms of the sale were 1/10,n/30. If the customer pays the amount owed within the discount period, what is the amount the customer should pay?
Answer: $74.25
Explanation:
Sale price of goods = $100
Worth of returned goods = $25
Term of sale = 1/10, n/30
Price if customer pays within the discount period equals :
Term of sale: 1% discount on price if the amount owed is paid within 10 days, else full amount is due in 30 days.
Actual price of goods purchased :
Goods purchased - worth of return
$100 - $25 = $75
Discount on price = 1% of $75
(1/ 100) × $75
0.01 × $75 = $0.75
Amount customer should pay:
$75 - $0.75 = $74.25
Nick won $1000 lottery prize He can't decide what he should spend the money con buy a console, a bike ,a watch or a trip . He gives up the bike and the watch but he rally wants the console. In the end he saves it all for the trip. Which item is the opportunity cost of Nick's trip?
Answer: Console
Explanation:
Opportunity cost is what one forgoes in order to get somethings else. Opportunity cost is as a result of limited resources hence a choice has to be made.
From thw question, we are told that
Nick won $1000 lottery prize and he can't decide what he should spend the money on buy as he wanted a console, a bike ,a watch or go on a trip. We are further told that he gives up the bike and the watch but he really wants the console and that in the end he saves it all for the trip.
The opportunity cost here is the console. He wasn't really interested in the bike or watch but he really as very interested in the console and he eventually gave up on the console for the trip.
The CEO/chairman of PharmaPacifica was recently killed in an airplane crash. This tragedy has thrown PharmaPacifica into turmoil as there is no one in the organization qualified to step into the former CEO’s shoes. This is an example of:
Answer:
A failure or lack of succession management
Explanation:
The going concern of any business should always be its top priority. This is the reason why every organization should have a good succession planning and management in place.
Succession management is a process of having in place a program that prepares and equips potential leaders with adequate experience and skills to take over from incumbent leaders whenever they are out of service , so that the business can maintain its existence into the future.
In a situation where a succession management is not in place or effective , the death of a leader causes a major setback to the business as can be seen in the question.
The Fed has decided to expand the money supply, leading to lower interest rates. As a partner in a tech start-up, you react to these lower interest rates by deciding to expand your operations and begin marketing your new artificial intelligence prototype. What impacts would this decision have on the macroeconomy
Answer:
reducing unemployment and raising GDP and increasing the investment part of GDP
Explanation:
This is the expansion monetary policy. Hiring more people results in business expansion, which reduces unemployment. In addition, more goods and services will be available that will increase GDP as a result of trade expansion. Finally, as business investment increases, so does the share of investment in GDP.correct answer is reducing unemployment and raising GDP and increasing the investment part of GDPSuppose a monopoly firm produces bicycles and can sell 10 bicycles per month at a price of $700 per bicycle. In order to increase sales by one bicycle per month, the monopolist must lower the price of its bicycles by $50 to $650 per bicycle. The marginal revenue of the 11th bicycle is
Answer:
$150
Explanation:
A monopoly is when there's only one firm operating in an industry
Marginal revenue is the change in revenue when one extra unit of a product is sold.
=( $700 × 10) - (650 × 11) = $150
"A 5 year 3 1/2% Treasury Note is quoted at 98-4 - 98-9. The note pays interest on Jan 1st and Jul 1st. A customer buys 5M of the notes. Approximately how much will the customer pay, disregarding commissions and accrued interest?"
Answer:
$4,914.06
Explanation:
Calculation for how much will the customer pay by disregarding commissions and accrued interest
The 5M which the customers used to buy the notes means that the customer is buying $5,000 par value of the notes.
Take note that the capital letter M in Latin means for $1,000.
Therefore the customer will have to buy at the ask price of 98 and (9/32nds =0.28125) which means that 98%+0.28125 will gives us 98.28127.
Now let calculate for how much will the customer pay by disregarding commissions and accrued interest
98.28125% * $5,000 par
= $4,914.06
Therefore the amount that the customer pay by disregarding commissions and accrued interest will be $4,914.06
On December 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: Accounts Receivable, debit balance of $98,800; Allowance for Doubtful Accounts, credit balance of $1,121. What amount should be debited to Bad Debts Expense, assuming 5% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible
Answer:
Amount of Bad debts expenses is $3,819
Explanation:
Estimated balance of allowance for doubtful debts account = Accounts receivables * 5%
= $98,800 * 5%
= $98,800 * 0.05
= $4,940
Calculation
Estimated balance of allowance for doubtful debts account = $4,940
Less: Un adjusted credit balance in allowance account = ($1,121)
Bad debts expenses= $3,819
The un-adjusted credit balance is deducted from the estimated balance of allowance accounts. The un-adjusted debit balance is added to the estimated balance of allowance accounts.
Who may pay for the services of alcoholic beverage in a private club
Answer:
Members Only
Explanation:
How does the ability to discriminate correctly affect his or her earnings? A. If the negotiated price is higher than the reservation price, a sale is lost, and if the negotiated price is lower than the reservation price, some profit is lost. B. If the negotiated price is higher than the reservation price, some profit is lost, and if the negotiated price is lower than the reservation price, a sale is lost. C. If the reservation price is higher or lower than the reservation price, revenue is gained. D. If the reservation price is higher or lower than the reservation price, a sale is lost. E. If the negotiated price equals the reservation price, profit equals zero.
Answer:
if the negotiated price equals the reservation price profit is zero
A school district needs to arrange transportation for at least 360 students for a field trip. The district can use large buses or small buses. The large buses hold 60 students each and have an operating expense of $300 for the day. The small buses hold 45 students each and have an operating expense of $200 for the day. The district only has chaperones for, at most, seven buses. What is the minimum cost for the transportation for the field trip if each bus has chaperones
Answer:
$1700
Explanation:
The total number of students are 360 and the best option in selecting large bus or small bus is the one with lowest cost per student.
Large bus cost per student = $300 / 60 students = $5 per student
Small bus cost per student = $200 / 45 students = $4.44 per student
This means that the small bus is the best option.
So by using hit and trail basis,
(45 students * 4 mini buses) + (60 students * 3 Large Buses) = 360 Students
As we have the limit for 7 buses, the above scenario is the best option here and the total cost for 4 mini bus and 3 large buses is as under:
Total Cost = $200 * 4 Mini Buses + $300 * 3 Large Buses
Total Cost = $800 + $900 = $1700
Answer:
1,700
Explanation:
its on edge
Suppose the countries of Iceland and Norway set up a free trade area, eliminating all trade barriers between themselves but maintaining tariffs on imports from the rest of the world. Now, Iceland begins to import wool from Norway. However, Iceland had previously been importing wool from England, which produced wool more cheaply than both Iceland and Norway. What is this an example of
Answer:
Trade Bloc
Explanation:
Trade Bloc is a type of agreement between two sovereign nations in which barriers to trade are either reduced or totally eliminated between the two nations. This type of agreement can either be one agreement between several nations or a part of a regional organization.
So, the example of Iceland and Norway is an example of a trade bloc.
A firm is issuing new debt to finance some capital investment project. The firm will issue 20,000 new $1,000 face-value bonds that will mature in 20 years. The bonds have a coupon rate of 8% and are currently priced at par. The flotation costs that are associated with this new bond issue are expected to be $10 per bond. Further, the company has a marginal tax rate of 34%. Given this information, the before-tax cost of debt is _______________.
Answer:
8.09%
Explanation:
the coupon paid by each bond = $1,000 x 8% = $80
the net amount of money received from each bond = $990
n = 20
now we must find the yield to maturity:
YTM = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]
YTM = {$80 + [($1,000 - $990)/20]} / [($1,000 + $990)/2] = $80.50 / $995 = 0.0809 = 8.09%
Which is an accurate comparison of corporate income taxes and individual income taxes? Corporate income taxes are just about equal to individual income taxes. Corporate income taxes are less than a quarter of individual income taxes. Corporate income taxes are over twice as much as individual income taxes. Corporate income taxes are approximately 50 percent of individual income taxes.
Answer:
Corporate income taxes are approximately 50 percent of individual income taxes.
Explanation:
In the United States, corporate income tax rates have a flat rate of 21%, meaning that all corporations, regardless of profits, pay the same rate.
Individual income taxes, on the other hand, are progressive, meaning that the rates are different depending on income: the higher the income, the higher the individual income tax rate. However, the highest marginal rate is 37%, which is approxiametly twice as much as the flat corporate rate of 21%.
A company pays an employee $3,000 for a five-day work week, monday–friday. the adjusting entry on december 31, which is a wednesday, is a debit to wages expense, $1,800, and a credit to wages payable, $1,800. true
Answer: True
Explanation:
From the question, we are told that a company pays an employee $3,000 for a five-day work week from Monday to Friday. This means that the employee receives a daily payment of ($3,000/5) = $600.
On Wednesday which is the third day, he will be paid ($600 × 3) = $1800. Therefore , the adjusting entry on December 31, which falls on a Wednesday will be to debit the wages expense, $1,800, and then credit to wages payable of $1,800.
A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On July 12, it paid the full amount due. Assuming the company uses a perpetual inventory system, and records purchases using the gross method, the correct journal entry to record the payment on July 12 is:
Answer:
The correct journal entry to record the payment on July 12 is:
Accounts Payable $1,600(debit)
Discount Received $32 (credit)
Cash $1,568 (credit)
Explanation:
When Company Purchases Merchandise
Merchandise Inventory $1,800 (debit)
Accounts Payable $1,800 (credit)
When Company Returns some Merchandise
Accounts Payable $200 (debit)
Merchandise Inventory $200 (credit)
When Company pay for the Inventory on 12 July
Note : Payment is made within the Cash discount period and it is eligible for the 2% Cash Discount.
Accounts Payable $1,600(debit)
Discount Received $32 (credit)
Cash $1,568 (credit)
The correct journal entry to record the payment on July 12 is:
Accounts Payable (debit) - $1,600
Discount Received (credit) - $32
Cash (credit) - $1,568
A journal entry is the process of recording any transaction, whether it is commercial or not. An accounting diary that displays the debit, as well as credit balances of a corporation, lists transactions.
The journal entry will be:
1. Merchandise Inventory (debit) - $1,800
Accounts Payable (credit) - $1,800
2. Accounts Payable (debit )- $200
Merchandise Inventory (credit) - $200
3. Accounts Payable (debit)- $1,600
Discount Received (credit) - $32
Cash (credit)- $1,568
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In her research paper, Kirstein copied a few paragraphs from a renowned author's work verbatim without placing them within quotation marks or citing the source. The review board rejected her paper on grounds of plagiarism. In this scenario, Kirstein has committed:_________.
Answer:
Word-for-word.
Explanation:
Word for word plagiarism is seen to be an unethical form of writing where the said student or researcher is seen to copy a fellow researchers works verbatim and particularly word for word with also quotation marks too. In as much as this is a bad form for writers, people are always seen to commit themselves in still doing it. This can cause a lawsuit in some places depending on the researcher whose work is been stolen/copied.
In all, it is been tagged an act of intellectual dishonesty which comes with uneasy consequences when it is done to a wrong person; a plagiarized assignment may lead to a failing grade, a suspension, or an expulsion.
Which best describes a way people can use personal loans? to buy a house to buy a bicycle to pay for college to pay for groceries
Answer:
c. to pay for college
Explanation:
just took the test
Answer:
C. to pay for college
Explanation:
In a monopolistically competitive market, a. the entry of new firms creates externalities. b. the absence of restrictions on entry by new firms ensures that there will be no deadweight loss. c. there are always too many firms in the market relative to the socially-optimal number of firms.
Better choose A variant