Answer:liability is affected by the type of business owned. ... numerous and profitable of all business organiza- ... 16.7%. Number of Organizations. Sales. Net Income (profit). Corporations ... an update of the data. ... Making Comparisons If a corporation ... Using Charts This organizational chart shows the chain of command of a ...
Explanation:
The type of business owned by the most prevalent and successful of all business organizations affect liability. Organizational size. Sales. Net Profit (profit). Businesses. an update of the data. Establishing contrasts If an organization. Using Diagrams The chain of command for a company is depicted in this organizational chart.
What is the organization?A company, institution, association, or another type of entity made up of one or more people serving a specific purpose is referred to as an organization or organization. The word is derived from the Greek word organon, which also refers to an organ and various tools or instruments.
The sole proprietorship, partnership, corporation, and S corporation are the four most popular business structures. A Limited Liability Company (LLC) is a type of corporate entity that is permitted under state law.
Therefore, Organizational size is. Sales. Net Profit (profit). Businesses. an update of the data. Establishing contrasts
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QUESTION 22 In a competitive market, A. no single buyer or seller can influence the price of the product. B. there are only a small number of sellers. C. the goods offered by the different sellers are unique. D. accounting profit is driven to zero as firms freely enter and exit the market.
Answer:
A
Explanation:
In a competitive market there are no single buyer or seller that can influence the price of the product.
Such a market has numerous producers who compete with each other to provide goods and services. Not one producer can influence the market prices by increasing his output or by decreasing it.
Same goes for the consumer. One consumer can not influence the prices either.
Kitchel told Parker that he needed a couple of weeks to think about his proposal. How should Parker handle this
Answer: Parker should close the deal quickly
Explanation:
Giving Kitchel so much time to go over the proposal is not ideal because in that time events could happen that would ensure Kitchel stayed with their current supplier such as the current supplier finding out and offering better terms thereby enticing Kitchel to stay.
It is imperative therefore that Parker close the deal as quickly as possible. He can do this by offering time conscious incentives that require that Kitchel order fast, he could even go meet Kitchel in person and press his claim and even hit hard at the weakness of Richmond's current supplier by stating that he would deliver things ahead of schedule.
In 2019, Waterway Industries sold 3000 units at $250 each. Variable expenses were $165 per unit, and fixed expenses were $780000. The same variable expenses per unit and fixed expenses are expected for 2020. If Waterway cuts selling price by 4%, what is Waterway's break-even point in units for 2020?
a) 9559
b) 9176.
c) 10000.
d) 10400.
Answer:
d) 10400.
Explanation:
The computation of the break even point in units is shown below:
Break even point in units is
= Fixed cost ÷ contribution margin per unit
= $780,000 ÷ ($250 × 96% - $165)
= $780,000 ÷ ($240 - $165)
= $780,000 ÷ $75
= 10,400 units
hence, the correct option is d. 10,400 units
We simply applied the above formula so that the correct value could come
And, the same is to be considered
The following transactions were completed by The Wild Trout Gallery during the current fiscal year ended December 31:
Jan. 19. Reinstated the account of Arlene Gurley, which had been written off in the preceding year as uncollectible. Journalized the receipt of $1,630 cash in full payment of Arlene’s account.
Apr. 3. Wrote off the $9,340 balance owed by Premier GS Co., which is bankrupt.
July 16. Received 25% of the $16,800 balance owed by Hayden Co., a bankrupt business, and wrote off the remainder as uncollectible.
Nov. 23. Reinstated the account of Harry Carr, which had been written off two years earlier as uncollectible. Recorded the receipt of $2,655 cash in full payment.
Dec. 31. Wrote off the following accounts as uncollectible (one entry): Cavey Co.,$7,025; Fogle Co., $2,085; Lake Furniture, $5,365; Melinda Shryer, $1,515.
Dec. 31. Based on an analysis of the $825,700 of accounts receivable, it was estimated that $35,900 will be uncollectible. Journalized the adjusting entry.
Required:
1. Record the January 1 credit balance of $34,200 in a T account presented below in requirement 2b for Allowance for Doubtful Accounts.
2. a. Journalize the transactions. For a compound transaction, if an amount box does not require an entry, leave it blank. Note: For the December 31 adjusting entry, assume the $825,700 balance in accounts receivable reflects the adjustments made during the year.
3. Determine the expected net realizable value of the accounts receivable as of December 31 (after all of the adjustments and the adjusting entry).
4. Assuming that instead of basing the provision for uncollectible accounts on an analysis of receivables, the adjusting entry on December 31 had been based on an estimated expense of ½ of 1% of the sales of $5,100,000 for the year, determine the following:
a. Bad debt expense for the year.
b. Balance in the allowance account after the adjustment of December 31.
c. Expected net realizable value of the accounts receivable as of December 31 (after all of the adjustments and the adjusting entry).
Answer:
The Wild Trout Gallery
1. T-accounts:
Allowance for Doubtful Accounts
Date Account Titles Debit Credit
Jan. 1 Balance $34,200
Dec. 31 Uncollectible Expense 1,700
Dec. 31 Balance $35,900
2. Journal Entry:
Jan. 19:
Debit Accounts Receivable $1,630
Credit Uncollectible Expense $1,630
To reinstate the account of Arlene Gurley written off as uncollectible.
Debit Cash Account $1,630
Credit Accounts Receivable $1,630
To record the receipt of cash from Arlene Gurley.
Apr. 3:
Debit Uncollectible Expense $9,340
Credit Accounts Receivable $9,340
To record the write-off of balance owed by Premier GS Co.
July 16:
Debit Cash $16,800
Debit Uncollectible Expense $50,400
Credit Accounts Receivable $67,200
To record the receipt of 25% of balance and write-off of remaining debt.
Nov. 23:
Debit Accounts Receivable $2,655
Credit Uncollectible Expense $2,655
To reinstate the account of Harry Carr written off as uncollectible.
Debit Cash Account $2,655
Credit Accounts Receivable $2,655
To record the receipt of cash from Harry Carr.
December 31:
Debit Uncollectible Expense $15,990
Credit Accounts Receivable $15,990
To record the write-off of uncollectibles.
Debit Uncollectible Expense $1,700
Credit Allowance for Doubtful Accounts $1,700
To record the estimated uncollectibles.
Dec. 31:
Debit Uncollectible Expense $1,700
Credit Allowance for Doubtful Accounts $1,700
To record the uncollectible expense.
3. Expected net realizable value of the accounts receivable as of December 31 (after all of the adjustments and the adjusting entry):
Accounts Receivable balance $825,700
Allowance for Doubtful Accounts 35,900
Net realizable value $789,800
4. Allowance for Doubtful Accounts = 0.5% of $5,100,000 = $25,500
a. Bad Debt Expense for the year:
Jan. 19 Reinstatement of written off account -$1,630
Apr. 3 Premier GS Co. write-off 9,340
July 16 Hayden Co. write-off 50,400
Nov. 23 Reinstatement of Harry Carr account -2,655
Dec. 31 Write-off of: Cavey Co., 7,025
Fogle Co., 2,085
Lake Furniture, 5,365
Melinda Shryer, 1,515
Dec. 31 Allowance for Doubtful Accounts -8,700
Amount of bad debt expense $62,745
b. Balance in the allowance account after the adjustment of December 31:
= $25,500
Journal Entry:
Debit Allowance for Doubtful Accounts $8,700
Credit Bad Debts Expense $8,700
To record the reduced allowance for doubtful accounts.
c. Expected net realizable value of the accounts receivable as of December 31 (after all of the adjustments and the adjusting entry):
Accounts Receivable balance $825,700
Allowance for Doubtful Accounts 25,500
Net realizable value $800,200
Explanation:
a) Data and Calculations:
Hayden Co.:
Cash receipt = $16,800 or 25%
Total balance = $67,200 ($16,800/25%)
Uncollectible write-off = $50,400 ($67,200 * 75%)
b) The allowance for doubtful accounts will be increased by $1,700 to arrive at a new balance of $35,900 from $34,200.
c) If allowance for uncollectible accounts is based on 1/2% of 1% of sales, then the allowance for uncollectible accounts will be reduced by ($34,200 - 25,500) $8,700 from $34,200 to $25,500.
Consider the CAPM. The risk-free rate is 5%, and the expected return on the market is 15%. What is the beta on a stock with an expected return of 17%
Answer:
im sorry
Explanation:
According to the video, what is the main purpose of Insurance Underwriters’ work?
to protect insurance companies
to investigate insurance claims
to sell insurance policies
to advise individual investors
Answer:
A
Explanation:
just did it lol
Answer:
A. to protect insurance companies
Explanation: Just got done on edge
1. Problems and Applications Q1 In 2012, the Bureau of Labor Statistics (BLS) announced that of all adult Americans, 142,496,000 were employed, 12,506,000 were unemployed, and 88,310,000 were not in the labor force. What is the adult population
Answer:
the adult population is 243,312,000
Explanation:
The computation of the adult population is shown below:
The Total adult population is
= Employed + Unemployed + Not in the labor force
= 142,496,000 + 12,506,000 + 88,310,000
= 243,312,000
Hence, the adult population is 243,312,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
1.Provide definitions of throughput, inventory and operational expense given in The Goal. How do they compare with traditional definitions
Answer:
The Goal:
This involves increasing net profit and as this is done, return on investment is increased and cash flow is also increased.
Throughput can be defined as the rate by which money is being generated by the system through sales.
Inventory is all amount of money that is currently in the system. It is all the amount of money that has been invested in buying things which the system has intentions of selling.
Operational expense is all amount of money that has been spent by the system in trying to turn inventory into throughput.
Compared to traditional definitions they are almost basically with the same meaning.
The Aggie Company has EBIT of $50,000 and market value debt of $100,000 outstanding with a 9% coupon rate. The cost of equity for an all equity firm would be 14%. Aggie has a 35% corporate tax rate. Investors face a 20% tax rate on debt receipts and a 15% rate on equity. Determine the value of Aggie.
A) $120,000
B) $162,948
C) $258,537
D) $263,080
E) $332,143
Answer:
D) $263,080
Explanation:
Calculation to Determine the value
First step is to calculate the Unlevered firm amount
Unlevered firm = [$50,000 (.65)]/ .14
Unlevered firm= $232,142.86
Second Step is to calculate leverage tax shield value using this formula
Leverage tax shield value = [1 - ((1 - .35)(1 - .15)/1 - .20))]*$100,000
Leverage tax shield value = $30,937.50
Last step is to calculate the value
Using this formula
Total value=Unlevered firm+Leverage tax shield value
Let plug in the formula
Total Value = $232,142.86 + $30,937.50
Total Value = $263,080
Therefore the value will be $263,080
How does globalization affect competition?
It increases competition.
It doesn't affect competition.
It supports the local culture.
lt decreases competition.
Answer: it increases competition
Explanation:
Just took a test with that question
It increases competition does globalization affect competition. Hence, option A is correct.
What is globalization?The process of greater connectedness and interdependence due to trade and technology is referred to as "globalization." The ensuing societal and economic changes are also covered by the definition of globalization.
Globalization is the acceleration of international exchanges and movements of people, things, and services, money, technologies, or cultural norms. One of the effects of globalization is to promote and encourage relationships between different communities and places around the world.
Free trade agreements like the Trans-Pacific Partnership and the North American Free Trade Agreement serve as prime examples of economic globalization.
Thus, option A is correct.
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4. You sold a futures contract for GBP10,000 at $1.50/GBP. Suppose that the futures price at settlement was $1.30. How much would be your payoff
Answer: $2,000
Explanation:
The Futures were sold at $1.50/GBP yet the settlement is $1.30/GBP. That means the premium is;
= 1.50 - 1.30
= $0.2/GBP
Payoff would be;
= 10,000 * 0.2
= $2,000
Consider a production function that only uses labor as its variable input, and all other inputs are fixed. Within this procution, it is optimal to hire labor units in the short run as long as:______.
1) value marginal product of labor is greater than wage.
2) marginal product of labor is less than product price.
3) average product of labor is greater than wage.
4) value marginal product of labor is less than product price.
Answer:
1) value marginal product of labor is greater than wage.
Explanation:
In the case when the labor is considered to be the variable input while the other inputs are considered to be fixed
So, the equation would be
VMPL = MPL x Output price
where,
VMPL = Function of labor demand
And, in the short run, the hiring is the optimum as bigger as VMPL as it is more than or equivalent to the wage rate
Therefore the correct option is 1.
Why does the adoption of new technology tend to increase supply?
Answer:
New technology allows firms to produce at a lower cost. As a result, as firms adopt a new technology, their cost curves shift downward. Market supply increases, and the market supply curve shifts rightward. With a given demand, the quantity produced increases and the price falls.
The year-end financial statements of Rally Company for the current year, report total revenues of $19,829 million, accounts receivable of $1,272 million at the current year-end, and $1,19 million for the prior year-end. The company's accounts receivable turnover for the year is:_______.
a. 18.3 times.
b. 18.9 times.
c. 19.5 times.
d. 20.0 times.
e. none of these are correct.
Answer:
16.1 times
Explanation:
Calculation for the company's accounts receivable turnover for the year
Using this formula
Accounts Recievable Turnover = Total Revenues/Average accounts receivables
Let plug in the formula
Accounts Receivable Turnover = $19,829/[($1,272+$1,198)/2]
Accounts Receivable Turnover =$19,829/$1,235
Accounts Receivable Turnover = 16.1 times
Therefore The company's accounts receivable turnover for the year is: 16.1 times
How much can be accumulated for retirement if $2,000 is put aside at the end of each of the next 40 years
Answer:
the last part of the question is missing:
Assume that you can earn 9% a year on your savings.
you need to determine the future value of an ordinary annuity:
future value = annual contribution x FV annuity factor
annual contribution = $2,000FV annuity factor, 9%, 40 periods = 337.882future value = $2,000 x 337.882 = $675,764
Determine the order in which the following budgets are generally prepared.
A. Material purchases budget select a number.
B. Sales budget select a number.
C. Budgeted income statement select a number.
D. Production budget select a number.
Answer:
The order in which the following budgets are generally prepared are as arranged below:
1. Sales budget
2. Production budget
3. Material purchases budget
4. Budgeted income statement
In an attempt to expatiate the decision above. We must observe that income statement starts with revenue. Similarly here, the budget will starts with sales. The revenue section is followed by production budget which from which various budgets like material, direct labor and overhead budget are prepared from. After the Production budget, follow the Material purchase budget, then Budgeted Income Statement
Suppose the interest rate on your car loan is 19.00% and the inflation rate is 18.00%. Calculate the real interest rate
Answer:
1%
Explanation:
The real interest rate is the interest rate adjusted for inflation. It is the rate after accounting for inflation. The real interest rate is the difference between the inflation rate from the quoted(nominal )interest rate.
real interest rate = quoted interest rate - inflation rate
=19% - 18%
=1%
Which approach is a positive way to deal with conflicts?
Answer:
trying to evaluate the situation from all diff perspectives
The interest yields on U.S. Treasury securities in early 2009 fell to very low levels as a result of the combined events surrounding the global financial crisis. Calculate the simple and annualized yields for the 3-month and 6-month Tresury bills auctioned on March 9, 2009, listed here.
3-Months T-bills 6- Months T- bills
Treasury bill, face value $10,000 $10,000
Price at sale 9993.93 9976.74
Discount 6.07 23.07
Answer and Explanation:
The computation is shown below:
For three months
Simple yield is
= Discount ÷ Price at sale
= 6.07 ÷ 9993.93
= 0.0607%
And, the annualized yield is
= 0.0607% ÷ 3 × 12
= 0.2428%
For 6 months
= Discount ÷ Price at sale
= 23.07 ÷ 9976.74
= 0.2312%
And, the annualized yield is
= 0.2312% ÷ 6 × 12
= 0.4625%
One of the draw backs of the profitablity index as a criteria for judging whether to accept a capital investment project is that:_______
Answer:
It might lead to over-optimistic projections
Explanation:
In simple words, the problem with using profitability index as the index criteria lies with the procedure of estimating it. In order to consider the business situation, the organisational finance group requires to settle with the corporation supervisors.
Leadership may be too enthusiastic about their assignment, so forecasts for cash flow may be too substantial. Consequently, in predicting the profitability index, there may be an uptrend prejudice.
You purchase a $325,000 town home and you pay 25% down. You obtain a 30-year fixed-rate mortgage with an annual interest rate of 5.75%. After 5 years you refinance the mortgage for 25 years at a 5.1% annual interest rate. After you refinance, what is the new monthly payment (to the nearest dollar)?
A. $1,422
B. $1,401
C. $1,366
D. $1,335
E. $1,296
Answer:
Option D ($1335) is the right answer.
Explanation:
Step 1:[tex]PV=325000\times (1-25 \ percent)\\[/tex]
[tex]N=30\times 12\\[/tex]
[tex]\frac{I}{Y} =\frac{5.75 \ percent}{12} \\[/tex]
[tex]FV=0\\[/tex]
[tex]CPT \ PMT=$1,422.46\\[/tex]
Step 2:[tex]PMT=1422.46[/tex]
[tex]PV=-325000\timse (1-25 \ percent)[/tex]
[tex]\frac{I}{Y} =\frac{5.75 \ percent}{12}[/tex]
[tex]N=12\times 5[/tex]
[tex]CPT \ FV=$226,107.75[/tex]
Step 3:[tex]PV=-226107.75[/tex]
[tex]\frac{I}{Y} =\frac{5.1 \ percent}{12}[/tex]
[tex]N=12\times 25[/tex]
[tex]FV=0[/tex]
[tex]CPT \ PMT=$1,335.01[/tex]
The other options offered aren't really relevant to the scenario presented. So, the solution here is just the right one.
How can parties that have unequal bargaining power negotiate meaningfully,
without one party taking advantage of the other?
Answer:
Through Collaborative bargaining
Explanation:
Parties that have an unequal bargaining power can negotiate meaningfully, without one party taking advantage of the other through the method known as collaborative bargaining. In collaborative bargaining, both the involved parties listen to each other’s claims and issues and then collaborate to come to a consensus. There is transparency in the overall bargaining process and hence there is very less probability that one party is taking advantage of the other party.
If the Fed has an interest-rate target, meaning they want to control the interest rate at a specific rate such as 4%, why will an increase in the demand for reserves lead to a rise in the money supply?
Answer:
A rise in demand for reserves will shift the demand for reserves curve to the right which will cause a rise in interest rates. The Fed will then have to act to reduce this interest rate because they would prefer that it remained at the specific rate as mentioned.
To do this they will embark on Open Market Operations aimed at increasing money supply as this will reduce interest rates by increasing the supply of reserves because it will shift the supply curve for reserves to the right. The new equilibrium will be a lower interest rate.
The relevant Open Market Operation will be the buying of bonds from the public.
According to the rational-actor model, as the benefits of an activity rise a. we should observe fewer people undertaking the activity, because when benefits rise, costs usually rise by more. b. we should observe more people undertaking the activity. c. it is hard to predict how people will react, because some people are often irrational. d. the costs will rise too. e. none of the above
Answer: b.we should observe more people undertaking the activity
Explanation:
The rational actor model follows the theory of rational choice which believes that the behavior of individual actors make up the social behavior on the society and that the individual actors are all making their own individual decisions.
It should be noted that when there's an increase in the benefits of an activity, this will lead to more people enjoying the benefit as there will be more players.
Therefore, the correct option is B
The only business that is directly protected by the U.S. Constitution (in the First Amendment) is:_______
a. interest group lobbying.
b. health care.
c. polling.
d. the press (the news media).
e. software development.
Answer:
d. the press (the news media).
Explanation:
The only business protected by the First Amendment is the press (the news media). The other aspects protected by the First Amendments are human rights and not a business. The press is protected because they serve as countrywide investigators to uncover the truth and inform the people, this also includes the truth of any government actions, scandals, or secrets being held from the public eye. This is because in a democracy the government is accountable for the people and not the other way around.
If You-Will-Never-Pay-It-Off Loan Company lends you $50 on Monday, and you have to pay $60 after a week, what nominal rate of interest (APR) are they charging
Answer:
the annual percentage rate is 1040%
Explanation:
The computation of the nominal rate of interest is shown below:
As we know that
Future value = Present value × (1 + rate of interest)^number of years
$60 = $50 × (1 + rate of interest)^1
1 + rate of interest = ($60 ÷ $50)
rate of interest is
= (1.2- 1 ) × 100
= 20%
Now the annual percentage rate is
= 20% × 52
= 1040%
hence, the annual percentage rate is 1040%
Zara collects massive amounts of data on its SKUs, orders, sales patterns, store inventories, and other variables. This information is stored in a(n)
Answer: D. data warehouse.
Explanation:
A Data warehouse is to data what money is to banks. Here, the data that a company has gathered from its many sources will be stored for easier access.
This data can then be analysed and reported sometimes with relation to one another in such a way that detailed reports are created and better decisions made.
Zara is most likely using a data warehouse to store the massive amounts of data collected from all the listed sources.
The four people below have the following investments. Invested Amount Interest Rate Compounding Jerry $ 11,400 12 % Quarterly Elaine 14,400 6 Semiannually George 21,400 8 Annually Kramer 17,400 10 Annually Required: 1-a. Calculate the future value at the end of five years
Answer:
Jerry
$20,589.67
Elaine
$19,352.40
George
$31,443.62
Kramer
$28,022.87
Explanation:
Use following formula to calculate the future value
FV = PV ( 1 + r )^n
Where
PV = Present value = Investment
FV = Future value = ?
r = interest rate per compounding period
n= numbers of compounding periods
Jerry
PV = $11,400
r = 12% x 3/12 = 3%
n = 5 years x 12/4 = 20 periods
Placing values in the formula
FV = $11,400 x ( 1 + 3% )^20
FV = $20,589.67
Elaine
PV = $14,400
r = 6% x 6/12 = 3%
n = 5 years x 12/6 = 10 periods
Placing values in the formula
FV = $14,400 x ( 1 + 3% )^10
FV = $19,352.40
George
PV = $21,400
r = 8%
n = 5 years
Placing values in the formula
FV = $21,400 x ( 1 + 8% )^5
FV = $31,443.62
Kramer
17,400 10 Annually
PV = $17,400
r = 10%
n = 5 years
Placing values in the formula
FV = $17,400 x ( 1 + 10% )^5
FV = $28,022.87
The future values of the investments are computed as follows:
Invested Amount Interest Rate Compounding Future Value
Jerry $ 11,400 12% Quarterly $20,589.67
Elaine 14,400 6% Semiannually $19,352.40
George 21,400 8% Annually $31,443.62
Kramer 17,400 10% Annually $28,022.87
Data and Calculations:
Jerry:
N (# of periods) = 20 (5 x 4)
I/Y (Interest per year) = 12%
PV (Present Value) = $11,400
PMT (Periodic Payment) = 0
Results
Future Value = $20,589.67
Total Interest $9,189.6
Elaine:
N (# of periods) = 10 (5 x 2)
I/Y (Interest per year) = 6%
PV (Present Value) = $14,400
PMT (Periodic Payment) = 0
Results
Future Value = $19,352.40
Total Interest = $4,952.40
George:
N (# of periods) = 5 years
I/Y (Interest per year) = 8%
PV (Present Value) = $21,400
PMT (Periodic Payment) = 0
Results
Future Value = $31,443.62
Total Interest = $10,043.62
Kramer:
N (# of periods) = 5 years
I/Y (Interest per year) = 10%
PV (Present Value) = $17,400
PMT (Periodic Payment) = 0
Results
Future Value = $28,022.87
Total Interest = $10,622.87
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Companies seeking good PR may host a(n) _____ to highlight new hires, new facilities, or community service projects. Group of answer choices
Answer:
press conference
Explanation:
press conference which is an interview by journalist to a company or particular personel bto answer some questions on some of their products is essential in business.
It should be noted that Companies seeking good PR may host a press conference to highlight new hires, new facilities, or community service projects.
You are depositing $1,500 in a retirement account today and expect to earn an average return of 6.5 percent on this money. How much additional income will you earn if you leave the money invested for 50 years instead of just 40 years?
Answer:
$16,335.90622
Explanation:
The computation of the additional income earned is shown below:
For 40 years
Future value = Present value × (1 + rate of interest)^number of years
= $1,500 × (1 + 0.065)^40
= $18,624.1118
For 50 years
Future value = Present value × (1 + rate of interest)^number of years
= $1,500 × (1 + 0.065)^50
= $34,960.01802
Now the additional amount is
= $34,960.01802 - $18,624.1118
= $16,335.90622