The complete question is:
A certain company produces 10,000 tables per year in a three-step process. The three steps in the process employ machines with the reliabilities listed here:
Step A - 0.987 Step B – 0.979 Step C – 0.915
Answer:
New reliability= 0.9593 ~ 0.959
Explanation:
Reliability is used in manufacturing process to ensure that a process produces the same level of output consistently. A process is reliable if it achieves the same results everytime.
Reliability can be applied to individuals, data, processes, and products.
In this instance we are to calculate the new reliability of the backup system.
Reliability of step C is 0.915
New reliability= 1 - (1- 0.915)^2
New reliability= 0.992775
Multiply this value by the reliability in step A and B to get system reliability
System reliability= 0.992775 * 0.987 * 0.979
System reliability= 0.9593
On November 1, Alan Company signed a 120-day, 12% note payable, with a face value of $15,300. What is the adjusting entry for the accrued interest at December 31 on the note
Answer:
DebitbAccrued Interest on Note receivable -$311.1
Credit Interest Income -$311.1
Explanation:
Preparation of the adjusting entry for the accrued interest at December 31 on the note for Alan Company
The Interest earned till 31 December will be :
(30+31 days)=61 days
=(15,300×12%×61days)÷360 days
=$111,996÷360 days
=$311.1
The Adjusting Entry for Alan Company will therefore be:
Debit Accrued Interest on Note receivable -$311.1
Credit Interest Income -$311.1
The adjusting entry for the accrued interest on December 31 on the note
Debit - Accrued Interest on Note receivable -$311.1
Credit - Interest Income -$311.1
An adjusting entry is an accounting entry made at the conclusion of an accounting period to update the accounts and put them in line with the accrual accounting method.
It is required because some transactions or occurrences may have been missed or recorded incorrectly throughout the period.
The Interest earned till 31 December will be :
(30+31 days)=61 days
=(15,300×12%×61days)÷360 days
=$111,996÷360 days
=$311.1
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Monica discovered that she can bake five pies in three hours without giving up production of any cakes. If she were operating on the production possibilities curve, this would be an example of increasing opportunity cost. decreasing opportunity cost. constant opportunity cost. zero opportunity cost. static opportunity coss.
Answer:
Zero opportunity cost
Explanation:
Opportunity cost in business is defined as the value of an alternative forgone to arrive at a more favorably valued option in the course of making a decision. Opportunity cost is necessary as every alternative is considered to have alternative usages.
However , in a situation where no alternative option is given up in arriving at a particular decision , or the given up alternatives have no value to you, it is said that the selected decision comes with no opportunity cost , that is it has a zero opportunity cost.
As Monica could still afford to bake five pies in three hours without giving up the production of any cakes , the production of pies had zero opportunity cost.
Suddeth Corporation has entered into a 6 year lease for a building it will use as a warehouse. The annual payment under the lease will be $2,468. The first payment will be at the end of the current year and all subsequent payments will be made at year-ends. If the discount rate is 5%, the present value of the lease payments is closest to (Ignore income taxes.):
Answer:
$13,153.15
Explanation:
Present value is the sum of discounted cash flows.
Present value can be calculated using a financial calculator
Cash flow each year from year 0 to 5 = $2,468
I = 5%
PV = $13,153.15
To find the PV using a financial calacutor:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
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a. Janette and Lola, who are sisters, acquire an apartment building, ownership listed as joint tenancy with right of survivorship. Janette furnished $1,200,000 and Lola $800,000 of the $2,000,000 purchase price. Of the $800,000 provided by Lola, $200,000 had previously been received as a gift from Janette. When the property is worth $3,000,000, Janette died. What amount is included in Janette's gross estate
Answer:
The amount included in Janette's gross estate is $1,800,000
Explanation:
We cannot include the gisft gven ti Lora by Jannette as a part of Jannette's estate. Therefore, The git is part of Lora's estate.
To calculate the amount included in Jaettes gross estate it will be:
60 percent of the new price $ 3,000,000
(60/100)*$ 3,000,000= $1,800,000
Ray presents information about the office supplies his company sells to a
business owner. The business owner seems interested, however, when Ray
ask her to commit to a purchase, she is hesitant and says her budget was
recently cut. Which of the following would be an effective way to handle the
customer's objections?
A. Provide a solution to this objection, such as offering a discount for
a year-long contract on office supplies.
B. Agree to check back with the business owner in six months to see
if her financial situation has changed.
C. Push the business owner to accept your offer, and don't back
down until you have a commitment.
D. Accept the that the business owner can't afford your office
supplies and move on to the next sale.
SUBMIT
The effective way to handle the customer's objections providing a solution to the objection.
Thus, the correct option is A.
What is a customer objection?Customer objections are the reservations a potential customer has that, at best, lead them to delay and, at worst, lead them to forego making an online purchase. People want to be certain they are buying a quality item.
Customer care refers to how well a business treats its clients and forges an emotional bond with them. Everyone on the team, not just a customer success manager or a customer service person, should be able to handle it.
Simply listening is the greatest way to do this. To understand the root of the client's distrust, pay attention to both what they say and what they choose to leave unsaid.
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The average cost method of process costing differs from the FIFO method of process costing in that the average cost method: Group of answer choices Requires that ending work in process inventory be stated in terms of equivalent units of production. b. Can be used under any cost-flow assumption. c. Does not consider the degree of completion of beginning work in process inventory when computing equivalent units of production. d. Considers the ending work in process inventory only partially complete.
Answer:
c. Does not consider the degree of completion of beginning work in process inventory when computing equivalent units of production.
Explanation:
The average cost method of process costing differs from the FIFO method of process costing in that it does not consider the degree of completion of beginning work in process inventory when computing equivalent units of production.
The average method Equivalent units of Production include goods transferred out and ending inventory whereas FIFO method Equivalent units of Production include goods transferred out ,ending inventory and beginning inventories as well.
FIFO accounts only for the current period costs whereas average costs account for average cost on the whole.
An average cost method of process costing differs from the FIFO method of process costing because its does not consider the degree of completion of beginning work in process inventory when computing equivalent units of production.
The average method Equivalent units of Production include
goods transferred outending inventoryThe FIFO method Equivalent units of Production include
goods transferred out ending inventorybeginning inventories as well.
The FIFO accounts only for the current period costs whereas average costs account for average cost on the whole.
Hence, the average cost method differs because its does not consider the degree of completion of beginning work in process inventory when computing equivalent units of production.
Therefore, the Option C is correct.
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The Monster Truck operates several specialty vehicles that provide hot food and beverages for firms that have workers employed in outlying regions. The company has annual sales of $627,200. Cost of goods sold average 38 percent of sales and the profit margin is 5.1 percent. The average accounts receivable balance is $35,300. On average, how long does it take the company to collect payment for its services
Answer:
The answer is 20.55 days
Explanation:
Solution
Given that:
Annual sales =$627,200
Average accounts receivable =$35,300
Now
The accounts turnover ratio (receivable) = Sales/Average accounts receivable
Accounts receivable turnover ratio = $627,200/$35.300
=17.76 times
Thus
Number of days payment receives = 365/ Accounts receivable turnover ratio =365 days/17.76 times
=20.55 days
Therefore The company takes 20.55 days to get payment for its services
Bank fees for check printing are recorded by the bank as: Multiple Choice An increase in the bank’s asset account. A decrease in the bank’s asset account. A decrease in the depositor’s bank account. An increase in the depositor’s bank account.
Answer:
A decrease in the depositor’s bank account
Explanation:
The Bank fees are income to the Banks Financial Statements while they reflect a decrease in the assets of cash in the depositors bank account.
Therefore, Bank fees for check printing are recorded by the bank as a decrease in the depositors bank account.
What provision in an independent contractor agreement states the associate will not hold the broker responsible for claims, demands, suits, costs or expenses based on the associates representation of the agreement
What provision in an independent contractor agreement states the associate will not hold the broker responsible for claims, demands, suits, costs or expenses based on the associates' representation of the agreement?
A) Disputes and Litigation
B) Termination of Agreement
C) Indemnification
D) Regulatory Compliance
Answer:
The correct option is C) Indemnification Clause
Explanation:
This simply means that if the associate is found liable by a third-party due to errors and omissions or any action of tort, the principal or the broker, will not be vicariously held liable.
This clause may seem unfair given that for the most part of the relationship, the associate and the broker are bound by similar interests. However, sometimes one party may become self-focused, and this results in errors which translate to lawsuits.
This clause is a way of protecting the Broker. It is also implied that the associate will also enjoy immunity from any costs and damages which the broke may be held liable to.
Cheers!
The Anson Jackson Court Company (AJC) currently has $200,000 market value (and book value) of perpetual debt outstanding carrying a coupon rate of 6%. Its earnings before interest and taxes (EBIT) are $100,000, and it is a zero growth company. AJC's current cost of equity is 8.8%, and its tax rate is 40%. The firm has 10,000 shares of common stock outstanding selling at a price per share of $60.00. Refer to the data for the Anson Jackson Court Company (AJC). Now assume that AJC is considering changing from its original capital structure to a new capital structure with 50% debt and 50% equity. If it makes this change, its resulting market value would be $820,000. What would be its new stock price per share?
a. $58
b. $60
c. $59
d. $61
e. $62
Answer:
e. $62
Explanation:
EBIT = $100,000
interests = $12,000
tax rate 40%
net income = ($100,000 - $12,000) x 60% = $52,800
value of shareholders' equity = $52,800 / 8.8% = $600,000
stock price $600,000 / 10,000 = $60
issue $200,000 to buy back 3,334 stocks, total debt $400,000)
total market value = $820,000
value of stockholders' equity = $820,000 /2 = $410,000
stock price = $410,000 / 6,666 stocks = $62
ou just won $80,000 on a scratch-off lottery ticket. You plan to save the money in a retirement account expected to return 9% per year. If you intend to retire in 45 years, how much are these lottery winnings expected to be worth when you retire?
Answer: $3,866,182.89
Explanation:
The winnings in 45 years are the future value of the $80,000 that you just won based on the return rate of 9%.
Future Value = Present Value ( 1 + return) ^ number of years
= 80,000 ( 1 + 0.09) ⁴⁵
= $3,866,182.89
Lottery winnings will be worth $3,866,182.89 when you retire.
Strawberry Fields purchased a tractor at a cost of $40,000 and sold it two years later for $25,000. Strawberry Fields recorded depreciation using the straight-line method, a five-year service life, and an $6,000 residual value.
1. What was the gain or loss on the sale?2. Record the sale using a general journal entry.
Answer:
1.Loss on sale 1,400
2.Dr Cash 25,000
Dr Accumulated Depreciation 13,600
Dr Loss on sale 1,400
Cr Equipment - Tractor 40,000
Explanation:
1.Calculation of the gain or loss on the sale of Strawberry Fields
Using this formula
Depreciation per year = (Cost - Salvage value)/Useful life
= (40,000-6,000)/5
=34,000/5
= 6,800 per year
The Book value after two years will be:
40,000 - (6,800*2)
=40,000-13,600
=26,400
Gain(Loss) = Cash received - Book value
= 25,000 - 26,400
Loss on sale 1,400
2.Record of the sale using a general journal entry
Dr Cash 25,000
Dr Accumulated Depreciation 13,600
Dr Loss on sale 1,400
Cr Equipment - Tractor 40,000
Take the factors considered by earned value analysis and subtract those considered by tracking Gantt charts. The factor(s) you have remaining are:
a. Cost and schedule.
b. Performance.
c. Schedule and performance.
d. Cost.
Answer: cost
Explanation:
In earned value analysis also referred to as the gold triangle method, the cost, performance and time are considered. A tracking Gantt chart shows the stage of completion for every task. It allows individuals or project team make comparison between two sets of dates in order to track the progress of an acctivity against the original plan. Therefore, the tracking Gantt chart comsiders the performance and time.
Therefore cost is the only factor remaining
At the end of Year 2, retained earnings for the Baker Company was $3,050. Revenue earned by the company in Year 2 was $3,300, expenses paid during the period were $1,750, and dividends paid during the period were $1,150. Based on this information alone, what was the amount of retained earnings at the beginning of Year 2?
Answer:
$2,650
Explanation:
For computation of retained earnings at the beginning of Year 2 first we need to find out the net profit which is shown below:-
Net profit = Revenue - Expenses
= $3,300 - $1,750
= $1,550
Retained earnings at the ending of Year 2 = Beginning balance of retained earning + Net profit - Dividend paid
$3,050 = Beginning balance of retained earning + $1,550 - $1,150
Beginning balance of retained earning = $3,050 - $400
= $2,650
Vaughn Manufacturing purchased office supplies costing $7140 and debited Supplies for the full amount. At the end of the accounting period, a physical count of office supplies revealed $2550 still on hand. The appropriate adjusting journal entry to be made at the end of the period would be:
Answer:Debit supplies expense $4,590; Credit supplies 4,590
Explanation:
office supplies cost and debited = $7140
Amount still on hand = $2550
Supplies expense = $7140 -$2550=$4, 590
An adjusting journal entry is an entry in financial reporting that records income expenses not noticed so as to adjust the amount before financial statement are made at the end of a reporting period.
The appropriate adjusting journal entry to be made at the end of the period would be.
Account and explanation Debit Credit
Supplies expense $4, 590
supplies $4, 590
From the following list, identify those that are likely to serve as source documents.
a. Sales ticket
b. Trial balance
c. Balance sheet
d. Telephone bill
e. Invoice from supplier
f. Company revenue account
g. Income statement
h. Bank statement
i. Prepaid insurance
Answer:
Telephone bill
Sales ticket
Invoice from supplier
Bank statement
Prepaid insurance
Explanation:
Source documents in accounting are defined as the original record of a transaction that contains transaction details and provides evidence that a transaction occurred.
It is source of information entered into the accounting system. They can be printed on paper or electronic in nature.
From the given list the following are source documents: Telephone bill, Sales ticket, Invoice from supplier, Bank statement, Prepaid insurance.
They are sources from which transaction information can be obtained for entry into the accounting system
In Rooney Company, direct labor is $20 per hour. The company expects to operate S at 10,000 direct labor hours each month. In January 2017, direct labor totaling $206,000 b is incurred in working 10,400 hours. Prepare (a) a static budget report and (b) a flexible P budget report. Evaluate the usefulness of each repor.
Answer and Explanation:
The preparation is presented below;
a. For a static budget report
Product line Budget Actual Difference
Direct labor $200,000 $206,000 $6,000 unfavorable
(10,000 direct labor hours × $20 per hour)
It is unfavorable as the budget is less than the actual
b. For a flexible budget report
Product line Budget Actual Difference
Direct labor $208,000 $206,000 $2,000 favorable
(10,400 direct labor hours × $20 per hour)
It is favorable as the budget is more than the actual
Agricultural output is a large part of Econland's GDP. Particularly bad weather one year leads to an output that is smaller than normal, causing a shock to Econland's economy. Which of these correctly describes, from a Keynesian perspective, the impact of expansionary or contractionary monetary policy taken to address the situation?
A. Increase M1 to reduce inflation while having no impact on unemployment, or decrease M1 to reduce unemployment while having no impact on inflation.
B. Increase M1 to reduce both inflation and unemployment, or reduce M1 to increase both inflation and unemployment.
C. Increase M1 to reduce inflation while adding to unemployment, or decrease M1 to reduce unemployment while adding to inflation.
D. Increase M1 to reduce unemployment but adding to inflation, or decrease M1 to reduce the inflation while adding to unemployment.
Answer: D. Increase M1 to reduce unemployment but adding to inflation, or decrease M1 to reduce the inflation while adding to unemployment.
Explanation:
M1 is the money which consist of coins and physical currency, travelers checks, demand deposits, etc. M1 is the most liquid part of money supply due to the fact that it is made up of the currencies and the assets that can be changed to cash quickly.
From the question, we are told that agricultural output is a large part of Econland's GDP and that a bad weather resulted in a shock to Econland's economy. The best way to address the situation is to increase M1 to reduce unemployment but adding to inflation, or decrease M1 to reduce the inflation while adding to unemployment.
When money supply is increased, there will be more money in circulation which will bring about increase in demand and employers will employ more people due to this. It should also be noted that due to more money in circulation, there will be inflation which means rise in the prices of goods and services.
Therefore, the government has to choose between increasing M1 to reduce unemployment but adding to inflation, or decrease M1 to reduce the inflation while adding to unemployment.
The benefits associated with a nuclear power plant cooling water filtration project located on the Ohio River are $10,000 per year forever starting in year 1. The costs are $50,000 in year 0 and $50,000 in year 2. What is the B/C ratio at i
Answer:
1.1
Explanation:
B/C ratio at i=10% per year?
Benefit= A/i%
Cost= initial cost- present worth
B/C= benefit/ cost
= [10,000/0.1]/[50,000 + 50000](p/f,10%,2)
= [100000/50000 + 50000(0.8264)]
= 1.1
Trailblazer Company sells a product for $210 per unit. The variable cost is $105 per unit, and fixed costs are $588,000. Determine (a) the break-even point in sales units and (b) the sales units required for the company to achieve a target profit of $223,440.
Answer:
Instructions are below.
Explanation:
Giving the following information:
Trailblazer Company sells a product for $210 per unit. The variable cost is $105 per unit, and fixed costs are $588,000.
To calculate the break-even point in units, we need to use the following formula:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 588,000/ (210 - 105)
Break-even point in units= 5,600 units
Desired profit= 223,440
Break-even point in units= (fixed costs + desired profit) / contribution margin per unit
Break-even point in units= (588,000 + 223,440) / 105
Break-even point in units= 7,728 units
Lord Greystroke uses his limited income to purchase fruits and nuts; he is currently buying 10 pounds of fruits at a price of $2 per pound and 5 pounds of nuts at a price of $6 per pound. The last pound of fruits added 10 units to Lord Greystroke's total utility, while the last pound of nuts added 30 units. Lord Greystroke:__________.
1. is making the utility-maximizing choice.
2. should buy more fruits and less nuts because the last pound of fruits cost less than the last pound of nuts.
3. should buy more fruits and less nuts because the last dollar spent on fruits added more to total utility than the last dollar spent on nuts.
4. should buy more nuts and less fruits because the last pound of nuts added more to total utility than the last pound of fruits.
5. should buy more nuts and less fruits because the last dollar spent on nuts added more to total utility than the last dollar spent on fruits.
Answer:
1. Is the answer
Explanation:
the utility-maximizing choice between consumption goods happens where the marginal utility per dollar is the same for both goods, and the consumer has finished his or her budget. By buying 10 pounds of fruits at a price of $2 per pound and 5 pounds of nuts at a price of $6 per pound. The last pound of fruits added 10 units to Lord Greystroke's total utility, while the last pound of nuts added 30 units. Lord Greystroke is utilizing this concept
How do you find the value of a bond, and why do bond prices change
Answer:
Explanation:
as the discount rate gets larger, the price of the bond will decrease. as the coupon rate increases, the bond price will increase. bond prices are calculated by taking the present value of the coupons and face value of bonds. If the coupons are larger, the present value of the coupons will also be larger.
Prepare a multiple-step income statement through the calculation of gross profit.
For each transaction, indicate the impact each item had on income and the dollar amount of the change in income, if any. Input decreases to net income as negative values. Upon completion, compare the gross profit with the amount reported on the partial income statement.
Jul. 1 Purchased merchandise from Boden Company for $6,000 under credit terms of 1/15, n/30,
FOB shipping point, invoice dated July 1.
Jul. 2 Sold merchandise to Creek Co. for $900 under credit terms of 2/10, n/60, FOB shipping point,
invoice dated July 2. The merchandise had cost $500.
Jul. 3 Paid $125 cash for freight charges on the purchase of July 1.
Jul. 8 Sold merchandise that had cost $1,300 for $1,700 cash.
Jul. 9 Purchased merchandise from Leight Co. for $2,200 under credit terms of 2/15, n/60, FOB
destination, invoice dated July 9.
Jul. 11 Received a $200 credit memorandum from Leight Co. for the return of part of the merchandise
purchased on July 9.
Jul. 12 Received the balance due from Creek Co. for the invoice dated July 2, net of the discount.
Jul. 16 Paid the balance due to Boden Company within the discount period.
Jul. 19 Sold merchandise that cost $800 to Art Co. for $1,200 under credit terms of 2/15, n/60, FOB
shipping point, invoice dated July 19.
Jul. 21 Issued a $200 credit memorandum to Art Co. for an allowance on goods sold on July 19.
Jul. 24 Paid Leight Co. the balance due after deducting the discount.
Jul. 30 Received the balance due from Art Co. for the invoice dated July 19, net of discount.
Jul. 31 Sold merchandise that cost $4,800 to Creek Co. for $7,000 under credit terms of 2/10, n/60,
FOB shipping point, invoice dated July 31.
Answer:
inventory 6,000 debit
account payable 6,000 credit
--to record July 1st--
Acc Rec 900 debit
Sales Revenues 900 credit (+900 income)
--to record sale--
COGS 500 debit (-500 expense)
Inventory 500 credit
--to record cost of sale--
Delivery expense 125 debit (-125 expense)
Cash 125 credit
--to record freight-out --
Cash 1,700 debit
Sales Revenues 1,700 credit (+1,700 income)
--to record sale--
COGS 1,300 debit (-1,300 expense)
Inventory 1,300 credit
--to record cost of sale--
Inventory 2,200 debit
Account Payable 2,200 credit
--to record purchase--
Account Payable 200 debit
Inventory 200 credit
--to record return of goods--
Cash 882 debit
Sales DIscount 18 debit
Accounts Receivables 900 credit
--to record payment from customer--
Account Payable 6,000 debit
Cash 5,940 credit
Inventory 60 credit
--to record payment to supplier--
Cash 1,200 debit
Sales Revenues 1,200 credit (+1,200 income)
--to record sale--
COGS 800 debit (-800 expense)
Inventory 800 credit
--to record cost of sale--
Sales Returns 200 debit
Account Receivables 200 credit
-- to record return from customer--
Account Payable 2,000 debit
Cash 1,960 credit
Inventory 40 credit
--to record payment to supplier--
Cash 980 debit
Sales DIscount 20 debit
Accounts Receivables 1,000 credit
--to record payment from customer--
Cash 7,000 debit
Sales Revenues 7,000 credit (+7,000 income)
--to record sale--
COGS 4,800 debit (-4,800 expense)
Inventory 4,800 credit
--to record cost of sale--
Explanation:
Cheek
900 x 2% = 18
net of discount 900 - 18 = 882
Boden:
6,000 x 1% = 60
Net of discount 6,000 - 60 = 5,940
Leight:
2,200 - 2,000 = 2,000 balance due
2,000 x 2% = 40
net of discount 1,960
Art Co:
1,200 - 200 = 1,000 balance due
1,000 x 2% = 20 discount
net = 1,000 - 20 = 980
The actual cost of direct materials is $ 12.50 per pound. The standard cost per pound is $ 9.00. During the current period, 9 comma 800 pounds of direct materials were used in production and 18 comma 500 pounds were purchased. The standard quantity of direct materials for actual units produced is 16 comma 400 pounds. How much is the direct materials quantity variance?
Answer:
$59,400 favorable
Explanation:
The computation of the direct material quantity variance is shown below;
As we know that
Direct material quantity variance is
= Standard Price × (Standard Quantity - Actual Quantity)
= $9 × (16,400 pounds - 9,800 pounds)
= $9 × 6,600 pounds
= $59,400 favorable
The favorable variance indicates that the standard quantity is more than the actual quantity and the same is to be considered
Rinehart Corporation purchased from its stockholders 5,000 shares of its own previously issued stock for $255,000. It later resold 2,000 shares for $54 per share, then 2,000 more shares for $49 per share, and finally 1,000 shares for $43 per share. Prepare journal entries for the purchase of the treasury stock and the three sales of treasury stock. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
Answer:
Purchase
Treasury Stock $255,000 (debit)
Cash $255,000 (credit)
Sale 1.
Cash $108,000 (debit)
Common Stock $108,000 (credit)
Sale 2.
Cash $98,000 (debit)
Common Stock $98,000 (credit)
Sale 3.
Cash $43,000 (debit)
Common Stock $43,000 (credit)
Explanation:
When a Company purchases its own shares
De-recognize the Assets of Cash and also de-recognize the Equity item Treasury Stock.
When a Company sales its own shares
Recognize the Assets of Cash and recognize the equity item Common Stock.
Peanuts are an input in the production of peanut butter. If a decrease in the supply of peanuts increases the price of peanuts, what will happen to the equilibrium price and quantity in the peanut butter market?
Answer:
Equilibrium price would rise
Equilibrium quantity would fall
Explanation:
If the supply of peanuts falls, it would lead to a rise in the price of peanuts because the demand for peanuts woild exceed its supply.
The rise in price would increase the cost of production of peanut butter because peanut is an input in the production of peanut butter. This rise in cost would discourage suppliers and supply of peanut butter would fall. As a result equilibrium quantity would fall. As a result of a fall in supply of peanut butter, demand would exceed supply and equilibrium price would rise.
I hope my answer helps you
Answer:
^
Explanation:
The nation of Cranolia used to prohibit international trade, but now trade is allowed, and Cranolia is exporting furniture. Relative to the previous no-trade situation, buyers of furniture in Cranolia are now better off.
a. True
b. False
Answer:
if im correct its true but please check or make sure from someone else but im positive its true
Explanation:
A zero-coupon bond is selling at a deep discount price of $450. It matures in 11 years. If the yield to maturity of the bond is 6.2%, what is the duration of the bond (rounded to two places)
Answer:
Duration is 11 years
Explanation:
The Duration of a zero coupon bond is equal to it's maturity. Since it matures at 11 years the duration of the bond is therefore also 11 years.
It is a bond that pays no interest. A zero-coupon bond is a bond where the face value is what is repaid during the time of maturity. There are no periodic interest payments, or have so-called coupons, that is why they are referred to as zero-coupon bond. Investor gets par value when it matures.
Jayne Butterfield, a single mother with three children, lived in Sacramento, California. Sarah Huckleberry also lived in California until she moved to New York City to open and operate an art gallery. Huckleberry asked Butterfield to manage the gallery under a one-year contract for an annual salary of $90,000. To begin work, Butterfield relocated to New York. As part of the move, Butterfield transferred custody of her children to her husband, who lived in London, England. In accepting the job, Butterfield also forfeited her husband's alimony and child-support payments, including unpaid amounts of nearly $45,000. Before Butterfield started work, Huckleberry repudiated the contract. Unable to find employment for more than an annual salary of $30,000, Butterfield moved to London to be near her children. She filed a suit in an California state court against Huckleberry, seeking damages for breach of contract. Should the court hold, as Huckleberry argued, that Butterfield did not take reasonable steps to mitigate her damages? Why or why not?
Answer:
No, the court should not hold in favor of Huckleberry.
Explanation:
The rule of mitigation that Huckleberry tries to use in her favor states that the non-breaching party (Butterfield) should have taken all the necessary steps to reduce her loss, e.g. take a job in New York. She probably argued that Butterfield leaving for England to meet with her children made things worse.
But in this case, Butterfield relied on Huckleberry's promise to organize her life and the well being of her children. Butterfield made a lot of changes and sacrifices in her life because of this, e.g. forfeiting unpaid alimony, transferring custody of her children , etc.
Moving to a different city or country requires a lot of work, expat life is not easy and not everyone can handle it. Butterfield took decisions that affected the lives of many people and she is not responsible for Huckleberry's breaching, the only party responsible for all this mess is Huckleberry and it is normal that Butterfield would want to go to where her children are.
Jake, a pharmaceutical sales representative, often takes lunch to doctors' offices. Over lunch with the doctors and their staffs, he reviews his company's products. Jake does not try to close a sale during these lunches. What type of personal selling does this describe
Answer:
The correct answer is: order-creaters.
Explanation:
To begin with, the area of personal selling there are three types of different approaches regarding the sales person and his proper way of selling. According to this theory, one of those types is the one named "order-creaters" and that concept comprehends the type of sellers that primarily focos on not to close the sale, but to persuade the regular customer to promote the product to other clients from the same audience. Therefore that Jake, when goes to have launch in the same place as the doctors, even though he does not want to make a sale, he is looking forward to establish a relationship that later favoured him in promoting the product.