Question Completion with Options:
2.5 percentage points
1.5 percentage points
3.5 percentage points
6.5 percentage points
Answer:
Sandra's creditor must determine if the APR for the loan exceeds the average prime offer rate by:
1.5 percentage points
Explanation:
The first mortgage loan principal should not exceed the conforming loan limit for the area where Sandra lives at the time that she secures the loan approval. It behooves on Sandra’s creditor to determine if the annual percentage rate (APR) for the mortgage loan exceeds the average prime offer rate (or the sample rate that is a representative of the APRs charged by creditors for mortgage loans that have low-risk pricing characteristics) by 1.5 percentage points.
If something happens to alter the quantity supplied at any given price, then a. the supply curve shifts. b. we move along the supply curve. c. the supply curve becomes flatter. d. the supply curve becomes steeper.
Answer:
B
Explanation:
Companies HD and LD have identical tax rates, total assets, and return on invested capital (ROIC), and their ROIC exceeds their after-tax cost of debt, (1-T) r d. However, Company HD has a higher debt ratio and thus more interest expense than Company LD. Which of the following statements is correct?
A) company hd has a lower roa than company ld.
B) company hd has a lower roe than company ld.
C) the two companies have the same roa.
D) the two companies have the same roe.
E) company hd has a higher net income than company ld.
Answer: A) company hd has a lower ROA than company ld.
Explanation:
Company HD has more debt than Company LD which is why they have a higher interest expense. Interest expense is deducted from revenue to reach net profit so Company HD will have a lower profit than Company LD.
Return on Assets is calculated by dividing Net Income by Total assets. With Company HD having a lower net income, it will also have a lower ROA as a result seeing as the numerator will be lower than that of company LD.
On June 25, Ritts Roofing extended an offer of $250,000 for land that had been priced for sale at $300,000. On July 9, Ritts accepted the seller’s counteroffer of $275,000. On October 1, the land was assessed at a value of $280,000 for property tax purposes. On December 22, Ritts was offered $305,000 for the land by a national retail chain. At what value should the land be recorded in Ritts Roofing's records? $ fill in the blank 1
Answer:
$275,000
Explanation:
The computation of the value that should the land be recorded is shown below:
= Value at which rits accepted the counteroffer of the seller
= $275,000
Hence, the alue that should the land be recorded is $275,000
Basically it records the cost value as per the cost concept
The same should be considered
Use this information for Train Corporation to answer the question that follow. The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Rails Division Locomotive Division Corporate Total Cost of goods sold $46,100 $29,000 Direct operating expenses 27,200 20,600 Sales 94,500 67,500 Interest expense $2,200 General overhead 19,400 Income tax 4,200 The net income for Train Corporation is:__________.
a. $13,300
b. $86,900
c. $70,900
d. $39,100
Answer:
a. $13,300
Explanation:
The computation of the net income for train corporation is given below:
= Sales - cost of goods sold - direct operating expense - interest expense - general overhead - income tax
= $94,500 + $67,500 - $46,100 - $29,000 - $27,200 - $20,600 - $2,200 - $19,400 - $4,200
= $13,300
Hence, the correct option is a.
Both the Government and the contractor have the option of going to court to resolve disputes between them. True False
Answer:
True
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
A contractor can be defined as a self employed individual or business entity that provides services or work for another for an agreed fee.
This ultimately implies that, a contractor is a non-employee of the organization he provides services or work for. Some examples of a contractor are consultants, engineers, lawyers, accountants, auditors, doctors etc.
Basically, the government of a country usually employs the services of contractors for the execution of public projects and works.
Hence, both the Government and the contractor have the option of going to court to resolve disputes between them.
The supplies account had a beginning balance of $1,823. Supplies purchased during the period totaled $4,344. At the end of the period before adjustment, $286 of supplies were on hand. Prepare the adjusting entry for supplies. If an amount box does not require an entry, leave it blank.
Answer and Explanation:
The adjusting entry is as follows:
Supplies expense ($1,823 + $4,344 - $286) $5,881
To supplies payable $5,881
(being the supplies expense is recorded)
Here the supplies expense is debited as it increased the expense and supply payable is credited as it also increased the liabilities
Những nhân tố ảnh hưởng đến hành vi mua hàng của người tiêu dùng là gì
Nhận thức, động cơ, học tập, niềm tin và thái độ là tất cả các yếu tố tâm lý ảnh hưởng đến việc mua hàng của người tiêu dùng. Quá trình mọi người lựa chọn và giải thích thông tin để đưa ra quyết định mua hàng được gọi là nhận thức.
Which of the following statements is false?
A) Keynesians would not advocate an expansionary monetary policy to eliminate a recessionary gap if they believed that investment demand was interest-insensitive.
B) Keynesians would not advocate an expansionary monetary policy to eliminate a recessionary gap if they believed the money market was in the liquidity trap.
C) Keynesians would advocate an expansionary monetary policy to eliminate a recessionary gap if they believed investment spending was insensitive to changes in the interest rate.
D) Keynesians believe that money wages are inflexible in the downward direction.
Answer:
C) Keynesians would advocate an expansionary monetary policy to eliminate a recessionary gap if they believed investment spending was insensitive to changes in the interest rate.
Explanation:
Keynesians advocated for an expansionary monetary policy in order to remove the recession gap in the case when the trust that the investment spending should not be sensitive at the time when the interest rate varies
but this should be totally wrong as first fall it should not be advocated and also the wages should not be flexible
Therefore the option c is to be considered
The capital budgeting committee of the Caldwell Pipe Corporation is evaluating the possibility of replacing its old pipe-bending machine with a more advanced model. Information on the existing machine and the new model follows: Existing machine New machine Original cost $200,000 $400,000 Market value now 80,000 Market value in year 5 0 20,000 Annual cash operating costs 40,000 10,000 Remaining life 5 yrs 5 yrs Refer to Caldwell Pipe Corporation. If the company buys the new machine and disposes of the existing machine, corporate profit over the five-year life of the new machine will be ________ than the profit that would have been generated had the existing machine been retained for five years. Select one: a. $230,000 lower b. $150,000 lower c. $150,000 higher d. $170,000 lower
Answer:
c. $150,000 higher
Explanation:
Operating cost of old machine = $40,000 per year
For 5 years, $40,000*5 years = $200,000
Operating cost of new machine = $10,000 per year
For 5 years, $10,000*5 = $50,000
Operating cost of new machine ($50,000) < ($200,000) Operating cost of the old machine. Thus, this will have a positive effect of $150,000 ($200,000-$50,000) on the corporate profit.
Your first job is in hotel management and recently you were promoted to Hotel Manager for a large convention hotel in downtown New Orleans. Answer the following questions given the information below for one day. What is the total contribution to profit and overhead?
Characteristic/Variable Business Hotel Customers (B) Convention Association Hotel Customers (C)
Customers for this day (D) 280 room nights rented (DB) 400 room nights rented (DC)
Average price/room night (VC) $100 (PB) $75 (PC)
Variable cost/room night (VC) $25 $25
Maximum price/room night (called the rack rate) $150 $110
Maximum number rooms available for sale this day 300 room nights available 700 room nights available
a. $39,500
b. $44,170
c. $38,750
d. $41,000
e. $34,567
Answer:
d. $41,000
Explanation:
The computation of the total contribution to profit and overhead is shown below:
Contribution by Business Hotel Customers is
= Sales - variable cost
= (100-25) ×280
= $21,000
Now
Contribution by Convention Association Hotel Customers = Sales - variable cost
= (75 - 25)× 400
= $20,000
And, finally
Total contribution to profit and overhead is
= $21,000 + $20,000
= $41,000
If the price of Good X rises from $4 to $5, and the quantity demanded of it falls from 200 units to 180 units, the absolute value of the price elasticity of demand, using the midpoint as the base, is:
Answer:
-0.4725
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price
Midpoint change in quantity demanded = change in quantity demanded / average of both demands
change in quantity demanded = 180 - 200 = -20
average of both demands = (200 + 180 ) / 2 = 190
-20/190 = -0.105
midpoint change in price = change in price / average of both price
change in price = $5 - $4 = 1
Average of both price ($5 + $4) / 2 = $4.5
$1 / $4.5 = 0.222
-0.105 / 0.222 = -0.4725
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
0.1
Why would anyone in their right mind buy a brand new car in the spring when they know that new car models will appear in late summer and early fall and the dealers will use?
A) markdowns to move that old inventory
B) information systems to move that old inventory
C) pull systems to move that old inventory
D) lost sales to move that old inventory
Answer:
A) markdowns to move that old inventory
Explanation:
An inventory is an accounting term used to describe a list of finished goods, goods still in the production line and raw materials that would be used for the manufacturing of more goods in a bid to meet the unending consumer demands.
When new car models appear in late summer and early fall, the dealers will use markdowns to move the old inventory.
A markdown price can be defined as the reduction in the original selling price of a good or service, in order to increase the level of sales. Also, it's used to describe a fall in the value of an asset.
Basically, a markdown is commonly used by businesses to stimulate the demand for their goods and services at a reduced price.
On the other hand, a mark-up price is simply the difference between the cost price of a good (product) or service and its selling price.
describe the importance of administrative office management
Answer:
Office management helps to maintain a close relationship between different department of people. It regularly supplies order,command and instruction to different people.It oerformsvarious function like planning , organising,controling, staffing,supervising, motivating,and effective leadership.
Explanation:
i hope this will help you
Assume the two countries specialize based on their comparative advantage. If the two countries engage in trade and one unit of food is exchanged for 5 units of clothing, will these terms of trade be mutually beneficial?
Answer:
None of the country have comparative advantage in producing food.
Explanation:
Marland and Teckana are the two countries who produces food and clothing. Marland can produce 20 units of food or 120 units of clothing while Teckana can produce 20 units of food or 80 units of clothing. Since both countries can produce same units of food neither country has comparative advantage in producing food. If the countries engage in exchange for 1 unit of food for 5 units of clothing Teckana country can benefit from the trade because it will get 100 units of clothing for 20 units of food.
To avoid potential liability for misconduct in corporate operations, directors can refrain from reasonable supervision of work delegated to a. none of the choices. b. corporate employees. c. corporate officers. d. board committees.
Answer:
c. corporate officers.
Explanation:
In the case when the potential obligation is to be avoided for any misconduct while having operations in the corporate so the directors could refrain from the supervision of the delegated work to the corporate officers so that the work could not harm that result in help in attains the goals & objectives
Therefore the option c is correct
Drag the tiles to the correct boxes to complete the pairs.
Match the four types of tasks in a priority matrix with their associated order of priority.
Answer:
1st → important and urgent
2nd → urgent, but not important
3rd → important but not urgent
4th → neither important nor urgent
Edit: I'm pretty sure this is it, but not entirely
Answer:
See below
Explanation:
1 important and urgent
2 urgent bit not important
3 important but not urgent
4 not important or urgent
Flynn Company's monthly bank statement showed the ending balance of cash of $18,500. The bank reconciliation for the period showed an adjustment for a deposit in transit of $1,500, outstanding checks of $2,000, a NSF check of $700, bank service charges of $30 and the EFT from a customer in payment of the customer's account of $1,500. Use the information above to answer the following question. What journal entry should be recorded by Flynn Company for the EFT
Answer:
Flynn Company
Journal Entry
Account Titles Debit Credit
Cash $1,500
Accounts Receivable $1,500
To record the direct credit through EFT on account.
Explanation:
a) Data and Analysis:
Ending balance according to bank statement = $18,500
Bank reconciliation adjustment for:
Deposit in transit = $1,500
Outstanding checks = $2,000
NSF check = $700
Bank Charges = $30
EFT (Electronic Fund Transfer) = $1,500
Analysis:
Cash $1,500 Accounts Receivable $1,500
Brodrick Company expects to produce 21,000 units for the year ending December 31. A flexible budget for 21,000 units of production reflects sales of $504,000; variable costs of $63,000; and fixed costs of $141,000. Assume that actual sales for the year are $595,600 (26,900 units), actual variable costs for the year are $114,000, and actual fixed costs for the year are $133,000. Prepare a flexible budget performance report for the year.
Answer:
Brodrick Company
Flexible Budget Performance Report for the year ended December 31
Flexible Actual Variance
Budget Budget
Sales unit 21,000 26,900 5,900 units F
Sales revenue $645,600 $595,600 $50,000 U
Variable costs 80,700 114,000 33,300 U
Fixed costs 141,000 133,000 8,000 F
Total costs $221,700 $247,000 $25,300 U
Profit $423,900 $348,600 $75,300 U
Explanation:
a) Data and Calculations:
Flexible Budget for 21,000 units
Sales revenue = $504,000
Variable cost = $63,000
Fixed costs = $141,000
Flexing the budget with 26,900 units:
Sales revenue = $645,600 ($504,000/21,000 * 26,900)
Variable costs = $80,700 ($63,000/21,000 * 26,900)
Suppose you want to invest $10,000. You have two options: (1) Invest in California municipal bonds with an expected rate of return of 7.00%, or (2) invest in J and K Corp.’s bonds with an expected rate of return of 10.50%. Assume that your decision is based on a tax perspective. If everything else is the same for both bonds, at what tax rate would you be indifferent between these two bonds?
Answer: 33.33%
Explanation:
Based on the information given in the question, the tax rate that the individual will be indifferent between these two bonds will be calculated thus:
= Corporate bond yield × (1-tax rate) = Municipal bond yield
10.50% × (1 - Tax rate) = 7.00%
(1 - Tax rate) = 7.00% / 10.50%
(1 - Tax rate) = 0.6667
Tax rate = 1 - 0.6667
Tax rate = 0.3333
Tax rate = 33.33%
During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials $5,500 on account, factory labor $6,400 of which $5,800 relates to factory wages payable and $600 relates to payroll taxes payable, and factory utilities payable $3,100.
Prepare journal entries for each type of manufacturing cost.
Answer: See explanation
Explanation:
The journal entries for each type of manufacturing cost is prepared below:
Dr Raw material inventory $5500
Cr Account payable $5500
(To record purchase of raw material on account)
Dr Factory labor $6400
Cr Factory wages payable $5800
Cr Payroll taxes payable $600
(To record factory labor costs)
Dr Manufacturing overhead $3100
Cr Utilities payable $3100
(To record entry for utilities payable)
On May 2, A-Z Construction prepaid $50,400 to the city for taxes (license foes) for the next 12 months and debited the prepaid taxes account. Az Construction is also required to pay in January an annual tax (on property) for the current calendar year of $27,700.
Required:
a. Journalize the two adjusting entries required to bring the accounts affected by the two taxes up to date as of December 31, the end of the current year.
b. What is the amount of tax expense for the current year?
Answer:
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A put option that expires in six months with an exercise price of $45 sells for $2.34. The stock is currently priced at $48, and the risk-free rate is 3.5 percent per year, compounded continuously. What is the price of a call option with the same exercise price
Answer: $6.12
Explanation:
The price of a call option with the same exercise price will be calculated thus:
According to Put-Call Parity, it should be noted that the Call Price will be:
= Put Price + Stock Price - [Exercise Price × e ^-(r × t)]
= $2.34 + $48 - [$45 × e ^ -[0.035 * (6/12)]]
= $50.34 - [$45 × 0.9827]
= $50.34 - $44.22
= $6.12
Therefore, the price is $6.12
Contingency planning is also known as Group of answer choices a trend analysis. scenario planning and scenario analysis. organizational opportunities. strategic planning. scenario goal-setting and plans.
Answer:
scenario planning and scenario analysis.
Explanation:
Planning can be defined as the process of developing organizational objectives and translating them into action plans or courses of action.
This ultimately implies that, planning is a strategic technique used by organizations to make an aggregate plan for its manufacturing (production) process typically ahead of time, in order to have an idea of the level of goods that are to be produced and what resources are required so as to reduce the total cost of production to its barest minimum.
Contingency planning is also known as scenario planning and scenario analysis.
Basically, a contingency planning is a type of plan that is typically designed by a business firm to take into account a possible future circumstance or event based on a forecast.
During the current year, Penman Inc. issued three short-term notes payable with principal and interest due at the end of the term of the note. Compute interest accrued for each of the notes payable as of December 31 of the current year (assume a 365-day year). Round answers to two decimal places. Lender Issuance Date Principal Coupon Rate (%) Term Accrued Interest Nissim 11/21 $30,000 10% 120 days Answer Klein 12/13 22,000 8 90 days Answer
Answer and Explanation:
The computation of the interest accrued for each of the notes payable is given below:
Nissim $328.77 ($30,000 × 10% × 40 ÷ 365)
Klein $86.79 ($22,000 × 8% × 18 ÷ 365)
In this way it should be calculated and determined
The same should be considered and relevant
The idea that an organization should strive to satisfy the needs of consumers while also trying to achieve the organization's goals reflects the
Answer:
The idea that an organization should strive to satisfy the needs of consumers while also trying to achieve the organization's goals reflects the marketing concept.
Explanation:
The marketing concept is fascinated with the idea of satisfying the customer's wants by producing goods to solve the customer's problem.
The marketing notion states that a business should attempt to meet client wants while pursuing its objectives.
This implies that the marketing concept is the idea that an organization should strive to satisfy customer needs while trying to achieve its goals.
Therefore, the idea that an organization should strive to satisfy the needs of consumers while also trying to achieve the organization's goals reflects the marketing concept.
Thrift institutions include Select one: a. insurance companies. b. brokerage firms c. mutual savings banks. d. commercial banks.
Answer:
c
Explanation:
A thrift institution is an institution that receives a large proportion of its funds from savings made by the public
types of thrift institutions include :
Savings and loan association Mutual savings bank Credit unionByrde Company purchased a truck. The seller asked for $11,000, but Byrde paid only $10,000 after negotiation. The owner of Byrde Company believes he got a great deal and the truck is really worth $15,000. What amount does Byrde record on its financial statements for the truck
Answer:
Byrde Company
The amount that Byrde should record on its financial statements for the truck is:
= $10,000.
Explanation:
a) Data and Calculations:
Seller's asking price = $11,000
Amount paid after negotiation = $10,000
Fair price for the truck = $15,000
b) The amount to be recognized or recorded by Byrde on its financial statements for the truck is the cost price, that is, the amount that Byrde paid actually for the truck. The fair price cannot be recognized, since GAAP does not allow for noncurrent assets to be recognized at their fair prices. The historical cost is objective and verifiable, unlike the $15,000 fair price or the seller's asking price.
The amount that should be recorded on the financial statement for the truck is $10,000.
Given that,
The asked value is $11,000.The Company paid the amount of $10,000.The great deal amount should be $15,000.Since the truck was purchased for $10,000 so the same amount should be recorded on the financial statements.
Therefore we can conclude that the amount that should be recorded on the financial statement for the truck is $10,000.
Learn more about the financial statement here: brainly.com/question/14951563
makes their first monthly payment (including principal and interest), what amount will they record into their interest expense account
Answer:
The amount Highest Cost Contractors will record into their interest expense account is $60.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
The Highest Cost Contractors, Inc. took out an installment loan on 11/1 in the amount of $12,000 for 61 months with an annual interest rate of 6%. On 11/31 when Highest Cost Contractors makes their first monthly payment (including principal and interest), what amount will they record into their interest expense account?
The explanation of the answer is now provided as follows:
The amount of interest can be calculated as follows:
Amount of interest to record = Amount of installment loan * (Annual interest rate / Number of months in a year)
Amount of interest to record = $12,000 * (6% / 12)
Amount of interest to record = $60
Therefore, the amount Highest Cost Contractors will record into their interest expense account is $60.
Work to be performed can come from the work package level of the work breakdown structure as well as other sources. Which of these is NOT a source of authorized work to be performed?
Answer: scope creep
Explanation:
Work breakdown structure is a method that's used for completing a project that's complex, such that the project is broken down into smaller bits which brings about easier project management and better team productivity.
Scope creep isn't a source of authorized work to be performed. Scope creep refers to the changes, and the continuous growth for the scope of a project.
Entreprenewship is a process of
to
birth
to
an
entreprise. Discuss
Answer:
Entrepreneurship is a process of giving birth to an enterprise with example. ... “An entrepreneur is a person who is willing and able to convert a new idea or invention into a successful innovation.” -Joseph Schumpeter Entrepreneur is the person responsible for setting up a business or an enterprise.
Explanation:
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