The CPA Practice Advisor reports that the mean preparation fee for 2017 federal income tax returns was $273. Use this price as the population mean and assume the population standard deviation of preparation fees is $100. Use z-table.
a. What is the probability that the mean price for a sample of 30 federal income tax returns is within $16 of the population mean?

Answers

Answer 1

Answer:

The CPA Practice Advisor

The probability that the mean price for a sample of 30 federal income tax returns is within $16 of the population mean is:

= 56%

Explanation:

a) Data and Calculations:

Population mean (preparation fee for 2017 federal income tax returns) = $273

Population standard deviation of preparation fees = $100

Mean price for a sample of 30 federal income tax returns = $257 (which is within $16 of the population mean)

z = (x-μ)/σ

z = standard score

x = observed value

μ = mean of the sample

σ = standard deviation of the sample

Z = ($273 - $257)/$100

= 0.16

Using the z-table

P = 0.5636


Related Questions

Which career pathways require arm and hand steadiness as a qualification?

Biotechnology, Diagnostics, and Health Informatics

Biotechnology, Diagnostics, and Therapeutics
Therapeutics, Support Services, and Diagnostics
Therapeutics, Health Informatics, and Support Services

Answers

Answer:

C.

Explanation:

Therapeutics, Support Services, and Diagnostics

Answer:

C. Therapeutics, Support Services, and Diagnostics.

correct on edge unit test

This is a question I have on my Unit Test as I am typing this.

Explanation:

To meet projected annual sales, Bluegill Manufacturers, Inc. needs to produce 75,000 machines for the year. The estimated January 1 inventory is 7,000 units, and the desired December 31 inventory is 12,000 units. What are projected sales units for the year?

Answers

Answer:

70,000

Explanation:

Calculation to determine What are projected sales units for the year

Using this formula

Projected sales units=Production-during the year+Estimated beginning inventory-Desired ending inventory

Let Plug in the formula

Projected sales units=75,000+7000-12000

Projected sales units=70,000

Therefore the projected sales units for the year will be 70,000

13. Social Entrepreneurs identify social needs such as
a. The arts and education
c. Shipping and operations
b. Internet and technology
d. Profit and loss

Help

Answers

The social needs the internet and technology because they need it for the social entrepreneurs

The current stock price of Alcoco is $40, and the stock does not pay dividends. The instantaneous risk-free rate of return is 7%. The instantaneous standard deviation of Alcoco's stock is 25%. You want to purchase a put option on this stock with an exercise price of $45 and an expiration date 30 days from now. According to the Black-Scholes OPM, you should hold __________ shares of stock per 100 put options to hedge your risk. Assume 365 days in a year
a) 59
b) 99
c) 55
d) 94

Answers

The answer would be 55

The process mapping is a
____ diagram.

Answers

Answer:

I hope u understand and thank you for your questions

Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (7,100 units) $ 248,500 $ 35.00 Variable expenses 134,900 19.00 Contribution margin 113,600 $ 16.00 Fixed expenses 55,800 Net operating income $ 57,800 Required: (Consider each case independently): 1. What would be the revised net operating income per month if the sales volume increases by 50 units? 2. What would be the revised net operating income per month if the sales volume decreases by 50 units? 3. What would be the revised net operating income per month if the sales volume is 6,100 units?

Answers

Answer:

1. Particulars                                             Amount

Sales total (7,150 * $35)                          $250,250

Less: Variable expenses (7,150 * $19)   $135,850

Contribution margin                                $114,400

Less: Fixed expenses                             $55,800

Net operating income                            $ 58,600

2.  Particulars                                            Amount

Sales total (7,050 * $35)                          $246,750

Less: Variable expenses (7,050 * $19)   $133,950

Contribution margin                                 $112,800

Less: Fixed expenses                              $55,800

Net operating income                             $ 57,000

3. Particulars                                             Amount

Sales total (6,100* $35)                           $213,500

Less: Variable expenses (6,100 * $19)    $115,900

Contribution margin                                 $97,600

Less: Fixed expenses                              $55,800

Net operating income                             $ 41,800

Your company purchases $50,000 of inventory from a wholesaler who allows you 45 days to pay. In addition, the wholesaler offers a 3% discount if payment is made within 12 days. These payment terms would be expressed as: A. 0.03/12, n/45. B. n/45, 0.03/12. C. 3/12, n/45. D. n/45, 3/12.

Answers

Answer:

C. 3/12, n/45

Explanation:

These payment terms would be expressed as : 3/12, n/45.

This is because :

3/12 means 3 % discount is granted if payment is made within 12 days.n/45 means supplier allows customer to pay within 45 days in total.

Calculating the price elasticity of demand: A step-by-stepguideSuppose that during the past year, the price of a laptop computer rose from $2,950 to $3,110. During the same time period, consumer sales decreased from 468,000 to 296,000 laptops.Calculate the elasticity of demand between these two price–quantity combinations by using the following steps. After each step, complete the relevant part of the table with the appropriate answers. (Note: For decreases in price or quantity, enter values in the Change column with a minus sign.)Original New Average Change Percentage ChangeQuantity a. -45.03%
b. -22.51%
c. 222.09%Price a. 1,893.75% b. 5.28% c. 2.64%Step 1: Fill in the appropriate values for original quantity, new quantity, original price, and new price.Step 2: Calculate the average quantity by adding the original quantity and the new quantity, and then dividing by two. Do the same for the average price.Step 3: Calculate the change in quantity by subtracting the original quantity from the new quantity. Do the same for the change in price.Step 4: Calculate the percentage change in quantity demanded by dividing the change in quantity by the average quantity. Do the same to calculate the percentage change in price.Step 5: Calculate the price elasticity of demand by dividing the percentage change in quantity demanded by the percentage change in price, ignoring the negative sign.Using the midpoint method, the elasticity of demand for laptops is about
a. 0.12
b. 4.26
c. 8.53
d. 17.06

Answers

Answer:

original quantity = 468,000

Average quantity = 382,000

new quantity = 296,000

a. -45.03%

original price - $2,950

new price = $3,110

Average price = 3030

3. -172,000

$160

b. 5.28%

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  

Average quantity = (468,000 + 296,000) / 2 = 382,000

Average price = ($2,950  + $3,110) / 2 = 3030

Change in quantity = 296,000 - 468,000 = -172,000

Change in price = $3110 - $2950 = $160

percentage change in quantity demanded = (-172,000 /  382,000) x 100 = -0.4503 = -45.03%

percentage change in price = 160 / 3030 x 100 = 5.28%

Elasticity of demand = -45.03% / 5.28% = -8.53 = 8.53

Population and it’s distribution constitutes the target market for goods and services. This can be linked with ____________
A. Financial environment
B. Social environment
C. Political environment
D. Demographic environment

Answers

Population and it’s distribution constitutes the target market for goods and services. This can be linked with social environment.

The Williams Supply Company sells for $50 one product that it purchases for $20. Budgeted sales in total dollars for the year are $3,000,000. The sales information needed for preparing the July budget follows:
Month Sales Revenue
May $ 175,000
June 240,000
July 295,000
August 320,000
Account balances at July 1 include these:
Cash $ 125,000
Merchandise inventory 47,200
Accounts receivable (sales) 84,530
Accounts payable (purchases) 47,200
The company pays for one-half of its purchases in the month of purchase and the remainder in the following month. End-of-month inventory must be 40% of the budgeted sales in units for the next month. A 2% cash discount on sales is allowed if payment is made during the month of sale. Experience indicates that 60% of the billings will be collected during the month of sale, 25% in the following month, 12% in the second following month, and 3% will be uncollectible. Total budgeted selling and administrative expenses (excluding bad debts) for the fiscal year are estimated at $1,200,000, of which three-fourths is fixed expense (inclusive of a $36,000 annual depreciation charge). Fixed expenses are incurred evenly during the year. The other selling and administrative expenses vary with sales. Expenses are paid during the month incurred.
Part A
Part B
Part C
Part D
(a) Prepare a schedule of estimated cash collections for July.
(b) Prepare a schedule of estimated July cash payments for purchases. Hint: Start by doing a purchase budget.
(c) Prepare schedules of July selling and administrative expenses, separately identifying those requiring cash disbursements.
(d) Prepare a schedule of cash receipts over disbursements assuming no equipment purchases or loan payments.

Answers

Answer:

The Williams Supply Company

a. Estimated Cash Collections for July

58% sales month (60% -2%)    $171,100 ($295,000 * 58%) July

25% ffg month                           60,000 ($240,000 * 25%) June

12% second month                     21,000 ($175,000 * 12%) May

Estimated cash collections = $252,100

b. Estimated July Cash Payments for Purchases:

                                                        July

Cost of purchases                      $122,000

50% purchase month                     61,000

50% ffg month                               47,200

Total payment for purchases   $108,200

c. July Selling and Administrative Expenses:

Monthly fixed expenses                   $72,000

Variable expenses ($5 * 5,900)        29,500

Total selling and admin expenses $101,500

d. Cash Receipts Over Disbursements for July:

Beginning cash balance       $125,000

Total cash receipts                 252,100

Total cash available              $377,100

Cash Disbursements:

Purchases                            $108,200

Selling and Admin.                 101,500

Total cash disbursements $209,700

Cash balance                      $167,400

Explanation:

a) Data and Calculations:

Selling price of product = $50 per unit

Purchase cost of product = $20 per unit

Total budgeted sales for the year = $3,000,000

Total budgeted sales for the year (units) = 60,000 units

Month   Sales Revenue      Unit Sales

May          $175,000          3,500 ($175,000/$50)

June         240,000          4,800 ($240,000/$50)

July          295,000          5,900 ($295,000/$50)

August    320,000           6,400 ($320,000/$50)

July 1 Account Balances:

Cash = $125,000

Merchandise inventory  = $47,200

Accounts receivable (sales) = $84,530

Accounts payable (purchases) = $47,200

Payment of Purchases:

50% purchase month

50% ffg month

Cash collections from sales:

58% sales month (60% -2%)

25% ffg month

12% second month

Ending inventory = 40% of the budgeted sales in units in the next month

Total budgeted selling and administrative expenses (excluding bad debts) = $1,200,000

Fixed expense = $864,000 ($1,200,000 * 3/4) - $36,000

Monthly fixed expenses = $72,000 ($864,000/12)

Variable selling expenses = $300,000 ($1,200,000 - $900,000)

Variable selling expenses per unit = $5 ($300,000/60,000)

Purchases Budget

                                          June         July    

Ending inventory             2,360      2,560

Sales                                4,800      5,900

Units available for sale    7,160      8,460

Beginning inventory        1,920     2,360

Purchases                       5,240      6,100

Cost of purchases     $104,800  $122,000 (6,100 * $20)

Here are incomplete financial statements for Cullumber Company. Calculate the missing amounts.
CULLUMBER COMPANY
Balance Sheet
Assets
Cash $ 14,000 Inventory 17,000 Buildings 38,000 Total assets $69,000 Liabilities and Stockholders' Equity Liabilities Accounts payable $ 5,600 Stockholders' Equity Common stock enter a dollar amount
(a) Retained earnings enter a dollar amount
(b) Total liabilities and stockholders' equity $69,000 CULLUMBER COMPANY Income Statement Revenues $85,400 Cost of goods sold enter a dollar amount
(c) Salaries and wages expense 10,270 Net income $enter a dollar amount
(d) CULLUMBER COMPANY Retained Earnings Statement Beginning retained earnings $19,000 Add: Net income enter a dollar amount
(e) Less: Dividends 4,770 Ending retained earnings $34,000

Answers

Answer:

(a) Common Stock = $29,400. (b) Retained earnings = $34,000, (c) Cost of goods sold = $55,360, (d) Net Income = $19,770, (e) Net Income =$19,770

Explanation:

Note: See organized question as attached below to aid understanding

Net income = Ending retained earnings + Dividends - Beginning retained earnings

Net income = $34,000 + $4,770 - $19,000

Net income = $19,770

Net income = Revenue - Cost of goods sold - Salaries and wages expense

$19,770 = $85,400 - Cost of goods sold - $10,270

Cost of goods sold = $85,400 - $19,770 - $10,270

Cost of goods sold = $55,360

Total liabilities and stockholders equity = Accounts payable + Common stock + Retained earnings

$69,000 = $5,600 + Common stock + $34,000

Common stock = $69,000 - $5,600 - $34,000

Common stock = $29,400

Missing amounts :

Common Stock = $29,400

Retained earnings = $34,000,

Cost of goods sold = $55,360

Net Income  = $19,770

Net Income  = $19,770

Net income

= Ending retained earnings + Dividends - Beginning retained earnings

= $34,000 + $4,770 - $19,000

= $19,770

Net income

= Revenue - Cost of goods sold - Salaries and wages expense

$19,770 = $85,400 - Cost of goods sold - $10,270

Cost of goods sold

= $85,400 - $19,770 - $10,270

= $55,360

Total liabilities and stockholders equity

= Accounts payable + Common stock + Retained earnings

$69,000 = $5,600 + Common stock + $34,000

= $69,000 - $5,600 - $34,000

= $29,400

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Tin Roof's net cash flows for the next three years are projected at $72,000, $78,000, and $84,000, respectively. After that, the cash flows are expected to increase by 3.2 percent annually. The aftertax cost of debt is 6.2 percent and the cost of equity is 11.4 percent. What is the value of the firm if it is financed with 40 percent debt and 60 percent equity

Answers

Answer: $1282620.4

Explanation:

First, we'll calculate the weighted average cost of capital which will be:

= (Weight of debt × After cost of debt) + (Weight of equity × Cost of equity)

= (40% × 6.2%) + (60% × 11.4%)

= (0.4 × 0.062) + (0.6 × 0.114)

= 0.0248 + 0.0684

= 2.48% + 6.84%

= 9.32%

The present value calculated is $195424.56 (Check attachment)

Then, the terminal value for cash flow will be $1084195.40 (Check attachment)

Then, the value of the firm will be:

= Present value of cash flow + Terminal value for cash flow

= $195424.56 + $1084195.40

= $1282620.4

Therefore, the value of the firm is $1282620.40.

Outsourcing: Question 19 options: Transfers traditional internal activities to outside vendors. Utilizes the efficiency which comes with generalization. Reduces the chances that the outsourcing firm can focus on its key success factors. None of the above are true of outsourcing. All of the above are true of outsourcing.

Answers

Answer:

Transfers traditional internal activities to outside vendors.

Utilizes the efficiency which comes with generalization

Explanation:

Outsourcing can be regarded as a business practice which involves hiring a party from outside of the company so that the party can perform particular services as well as creation of goods which traditionally are been performed in-house by the employees and staff of the own company.Outsourcing helps in cost-cutting measure

It should be noted that Outsourcing ;

✓Transfers traditional internal activities to outside vendors.

✓Utilizes the efficiency which comes with generalization.

an investor purchased a stock one year ago for $58.00. it paid an annual cash dividend of $4.38 and is now worth $65.01. what total return did the investor earn? would the investor have experienced a capital gain? explain.

Answers

Answer:

its 34

Explanation:

rytrfgfgfc

Assume that Tree Co. has the ability to discontinue both product lines and rent the factory space previously used for the production of Leaves and Bark. The factory space for Leaves can be rented out for $25,000 a year, and the factory space for Bark can be rented for $27,000 a year. Which product lines should Tree Co. discontinue and rent out instead?

Answers

Answer:

Both Leaves and Bark should be discontinued and rented out

Explanation:

Calculation to determine whether Both Leaves and Bark should be discontinued and rented out

LEAVES BARK

Sales eliminated $(30,000)$(50,000)

Variable costs eliminated $10,000 $25,000

Net loss from discontinuation($20,000)($25,000)

($-30,000+$10,000=-$20,000)

(-$50,000+$25,000=-$25,000)

Rental income gained $25,000 $27,000

Increase in operating income $5,000 $2,000

($25,000-$20,000=$5,000)

($27,000-$25,000=$2,000)

Therefore based on the above calculation both Leaves and Bark SHOULD BE DISCONTINUED reason been that the NET LOSS for each is LESSER than the annual rental income.

Consider an economy that produces only chocolate bars. In year 1, the quantity produced is 5 bars and the price is Rs.600 per bar. In year 2, the quantity produced is 6 bars and the price is Rs.750 per bar. In year 3, the quantity produced is 7 bars and the price is Rs.825 per bar. Year 1 is the base year. What is nominal GDP for year 1? What is real GDP for year 2? What is real GDP for year 3? What is the GDP deflator for year 2? What is the GDP deflator for year 3? What is the percentage growth rate of real GDP from year 2 to year 3? (Please avoid typing % sign)

Answers

Answer:

An apple, potato, and onion all taste the same if you eat them with your nose plugged

Explanation:

Smart Stream Inc. uses the variable cost concept of applying the cost-plus approach to product pricing. The costs of producing and selling 10,000 cellular phones are as follows: Variable costs per unit: Fixed costs: Direct materials $150 Factory overhead $350,000 Direct labor 25 Selling and admin. exp. 140,000 Factory overhead 40 Selling and administrative expenses 25 Total $240 Smart Stream desires a profit equal to a 30% rate of return on invested assets of $1,200,000. a. Determine the variable costs and the variable cost amount per unit for the production and sale of 10,000 cellular phones. Total variable costs $ fill in the blank 1 Variable cost amount per unit $ fill in the blank 2 b. Determine the variable cost markup percentage for cellular phones. Round to two decimal places. fill in the blank 3 % c. Determine the selling price of cellular phones. If required round to the nearest dollar. $ fill in the blank 4 per phone

Answers

Answer:

Smart Stream Inc.

1. Total variable costs = $2,400,000

2a. Variable cost per unit = $240

2b. The variable cost markup percentage = 12.46%

2c. Selling price per unit = $325

Explanation:

a) Data and Calculations:

Variable costs per unit:          

Direct materials                               $150            

Direct labor                                         25              

Factory overhead                               40

Selling and administrative expenses 25

Total                                                $240

Fixed costs:

Factory overhead       $350,000

Selling and admin. exp. 140,000

Total fixed costs =      $490,000

Smart Stream desires a profit equal to a 30% rate of return on invested assets of $1,200,000

Profit target = $360,000 ($1,200,000 * 30%)

Total variable costs = $2,400,000 ($240 * 10,000)

Variable cost per unit = $240

b. The variable cost markup percentage =

Variable cost markup = $360,000 * $2,400,000/$2,890,000 = $298,962

Variable cost markup percentage = $298,962/$2,400,000 * 100 = 12.46%

Fixed cost markup = $360,000 * $490,000/$2,890,000 = $61,038

Total cost = $2,890,000

Target profit     360,000

Total sales revenue = $3,250,000

Selling price = $325 ($3,250,000/10,000)

Economists experience difficulties in accurately measuring income inequality because of which of the following? Choose one or more: A. do-it-yourself production of goods and services (such as growing own food or making own clothing) that are not bought or sold in the market B. Measurements tend to use "before tax" income, not "after tax" income (disposable income), which is the income people actually have available to purchase goods and services. C. The Gini index calculation discriminates against the poor in developed economies. D. in-kind transfers where goods and services are given

Answers

Answer:

Economists experience difficulties in accurately measuring income inequality because of the following:

A. do-it-yourself production of goods and services (such as growing own food or making own clothing) that are not bought or sold in the market

Explanation:

With do-it-yourself production of goods and services, it is very difficult to measure income inequality.  Income is measured as the value that is exchanged for goods and services in the marketplace, that is, by the forces of demand and supply.  These marketplace forces cannot be objectively measured when goods and services are produced and consumed by the same person.

Reason why the Economists do encounter some difficulty in the process of measuring income inequality is as result of A :do-it-yourself production of goods and services (such as growing own food or making own clothing) that are not bought or sold in the market

Income inequality  can be regarded as a way to measure unevenly income distribution among population.

When the distribution is less equal, then the income inequality will be high, however some difficulties are been faced by Economist in taking this measurement such as situation whereby people make the goods they need by themselves instead of getting it from market.

Therefore, option A is correct.

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Armstrong Security produces a variety of commercial burglar alarms. Their least expensive model has a demand of 400 units per day, the current lead time for this model is 2 days. They use containers that hold 20 alarms and use 44 Kanbans. What is their current safety stock policy (in percentage)?

Answers

Answer:

10%

Explanation:

Demand (D) = 400 per day, Lead time (L) = 2 days, Container capacity (C) = 20, Kanban (K) = 44. Let X represent safety factor

K = D * LT * (1+X) / C

44 = 400 * 2 * (1+X) / 20

880 = 400 * 2 * (1+X)

1 + X = 880 / 800

1 + X = 1.1

X = 1.1 - 1

X = 0.1

X = 10%

So therefore, their current safety stock policy is 10%

Selected operating data for two divisions of Outback Brewing, Ltd., of Australia are given below: Division Queensland New South Wales Sales $ 1,144,000 $ 2,220,000 Average operating assets $ 520,000 $ 600,000 Net operating income $ 125,840 $ 177,600 Property, plant, and equipment (net) $ 252,000 $ 202,000 Required: 1. Compute the rate of return for each division using the return on investment (ROI) formula stated in terms of margin and turnover. 2. Which divisional manager seems to be doing the better job?

Answers

Answer:

Outback Brewing, Ltd., of Australia

                                  Queensland     New South Wales

1. Rate of return             5%                           2.16%

2. Based on the computed Rate of Return, Division Queensland seems to be doing a better job than New South Wales

Explanation:

a) Data and Calculations:

                                                              Queensland     New South Wales

Sales                                                       $ 1,144,000        $ 2,220,000 Average operating assets                     $ 520,000            $ 600,000

Net operating income                             $ 125,840             $ 177,600

Property, plant, and equipment (net)    $ 252,000           $ 202,000

Sales margin =                                            11%                            8%

Capital turnover ratio =                              2.2                            3.7

Return on investment (ROI) =                    5%                            2.16%

Sales margin = Net operating income/Sales * 100

Capital turnover ratio = Sales/Average operating assets

ROI = Sales margins divided by the firm's capital turnover ratio

Acme, Inc., incurs the following costs during May:
Sales expense $ 12,100 Administrative expense $ 22,100
Direct labor 26,600 Plant depreciation 6,800
Factory supplies 3,100 Indirect labor 8,600
Advertising 3,400 Utilities 10,600
Raw material used 18,600
80% of this amount relates to the factory.
Required:
Calculate Acme�s total manufacturing costs for May.

Answers

Answer:

Particulars                                            Amount

Raw material used                               $18,600

Add: Direct labor                                 $26,600

Overhead costs

Factory supplies                 $3,100

Plant depreciation              $6,800

Indirect labor                      $8,600

Utilities ($10,600*80%)       $8,480  

Total overhead cost                             $26,980

Total manufacturing costs                 $72,180

Dmitri loves watching Downton Abbey on his local public TV station, but he never sends any money to support the station during its fundraising drives. Economists would call Dmitri a . True or False: The government cannot solve the problem caused by people like Dmitri. True False True or False: The private market can solve this problem by broadcasting Downton Abbey on cable TV, since then the good would be excludable and thus no longer a public good. True False

Answers

B. The private marker can solve this problem by broadcasting Downton Abbey on cable TV, since then the good would excludable and thus no longer a public good.

This would solve the money problem, by making it so that people have to pay to watch, which will generate more income.

Value stream mapping (VSM):_____.
a. is typically done once an organization has converted to a lean system.
b. facilitates identifying sources and causes of waste.
c. has the potential to increase the carbon footprint.
d. is applied only in push production systems.

Answers

Answer:

b. facilitates identifying sources and causes of waste

Explanation:

Value-stream mapping can be regarded as material and information flow mapping, it can be explained as

lean-management method used in

analyzing of the current state as well as designing of future state as regards

series of events that is involved in taking a product/service from the starting of the particular process until the product/service gets to the customer. It should be noted that Value stream mapping (VSM) facilitates identifying sources and causes of waste

A stock has an expected return of 11.85 percent, its beta is 1.24, and the expected return on the market is 10.2 percent. What must the risk-free rate be?

Answers

Answer:

3.325%

Explanation:

The computation of the risk free rate of return is shown below:

As we know that

Expected rate of return = risk free rate of return + beta × (market rate of return - risk free rate of return)

11.85% = Risk Free Rate + ( 10.2% - Risk Free Rate) × 1.24

11.85% = Risk Free Rate + 12.648% - 1.24 × Risk Free Rate

0.24 × Risk Free Rate = 12.648 % - 11.85%

Risk Free Rate= (12.648 % - 11.85%) ÷  0.24

= 3.325%

cách huy động vốn của công ty bảo hiểm

Answers

How to raise capital from an insurance company?

A buyer uses a periodic inventory system, and it purchases $4,000 of merchandise on credit terms of 2/10, n/30 on December 5. On December 15, it pays the invoice in full. Prepare the buyer's necessary journal entry for payment by selecting the account names from the drop-down menus and entering dollar amounts in the Debit and Credit columns.

Answers

Answer:

Explanation:

Purchase discount = $4000 * 2% = $80

Date       Accounts title                  Debit    Credit

Dec-15    Accounts Payable         $4,000

                    Purchase Discounts                $80

                    Cash                                         $3,920

               (To record payment within discount term of 10 days)

Your name is Joanne Warren, and you are writing a business plan for a coffee house that you plan to open in the downtown district of your city. Your business will be called A Cup of Joanne, and you plan to distinguish yourself from your competitors by offering blends from all around the world. You will also sponsor international coffee tastings and sell one-pound bags of freshly ground fair-trade coffee. The bank from which you are seeking to borrow $20,000 has asked you for a full business plan. ________ is/are not required in your business plan. Group of answer choices A business description and organization Sales strategies Interior decoration plans and merchandising Funding requirements and financial projections A market analysis

Answers

Answer: Interior decoration plans and merchandising

Explanation:

To approve a loan for a business there are several things that a bank needs to look at.

The relevant ones include:

The business description and organization so that they can understand what the business is all about. The sales strategies of the company so that they can understand how the company plans to gain an edge in the market and become profitable.The funding requirements and financial projections so that the bank understands how much is needed and whether the business will generate enough to pay back the loan. A market analysis so that the bank understands whether the coffee house will be able to survive to be able to pay off the loan.

The way you design your coffee house (interior design) is of no concern to the bank and neither is the merchandise that you decide to buy. They just need to know that you can pay them back.

With an aggregate supply function that is continually positively sloped (LRAS), a reduction in aggregate demand leads to: Group of answer choices Falling prices cost-push interest rate Perpetual growth Rising prices Falling Employment

Answers

Answer: Falling prices

Explanation:

When Aggregate demand reduces, the Aggregate demand curve will have to shift leftward to depict this and in doing so, it would intersect with the Long Run Aggregate Supply curve at a lower price level thereby leading to a fall in prices.

Aggregate demand reducing means that there is less money being spent in the economy and should this be the case, the economy is going to contract and unless the Aggregate demand was above potential GDP then this is not ideal.

Your goal is to have $10,000 in your bank account by the end of 15 years. If the interest rate remains constant at 3% and you want to make annual identical deposits, how much will you need to deposit in your account at the end of each year to reach your goal? (Note: Round your answer for PMT to two decimal places.)

Answers

Answer:

the pmt is $537.67

Explanation:

The computation of the PMT amount is given below;

Given that

FV = $10,000

PV = $0

NPER = 15 years

RATE = 3%

The formula is shown below:

= PMT(RATE, NPER,PV,FV,TYPE)

AFter applying the above formula, the pmt is $537.67

The same should be considered and relevant

1) What are the three primary determinants of behavior in organizations?

Answers

Answer:

The three primary determinants of behavior in organizations are employee dynamics, available resources and work environments.

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