Answer:
determining who has the greatest need
finances of prospective buyers(X)
methods traditionally used to make a good
ways to produce items at a lower cost or higher quality (X)
ways to make the biggest profit (X)
Explanation:
Suppose that an increase in the price of melons from $0.50 to $1.50 per pound increases the quantity of melons that melon farmers produce from 2 million pounds to 4 million pounds. The price elasticity of supply in this case indicates that supply is Group of answer choices
Answer: elastic
Explanation:
The price elasticity of supply will be:
The percentage change in price will be:
= (1.50 - 0.50)/0.50 x 100
= 1.00/0.50 × 100
= 200
The percentage change in quantity will be:
= (4 -2)/2 x 100
= 2/2 × 100
= 100
Elasticity = % change in quantity/% Change in Price = 200/100 = 2
Since elasticity = 2, this indicates supply is elastic as it's greater than 1.
Cameron, Inc. held 1,000 shares of its own $10 par value common stock purchased for $20 per share. In March, Cameron sold 10 shares at $20 per share. The journal entry to record the sale of treasury stock would include a (debit/credit) ________ to Treasury Stock in the amount of ________.
Answer:
Credit, $200
Explanation:
The journal entry would be:
Date Account Debit Credit
Cash $200
(10 shares*$20)
Treasury stock $200
(To record the sale of treasury stock)
Additional data for the current year are as follows: (a) Net income, $75,800. (b) Depreciation reported on income statement, $38,000. (c) Fully depreciated equipment costing $60,000 was scrapped, no salvage, and equipment was purchased for $150,000. (d) Bonds payable for $75,000 were retired by payment at their face amount. (e) 2,500 shares of common stock were issued at $30 for cash. (f) Cash dividends declared and paid, $40,000. (g) Investments of $100,000 were sold for $125,000.
Answer:
Note: Full question is attached as picture below
Barry Company
Statement of Cash Flows
For the Tear Ended December 31, Year 2
Cash flows from operating activities:
Net income $75,800
Adjustments to reconcile net income to
net cash flow from operating activities:
Depreciation expense $38,000
Gain on sale of investments -$25,000
Changes in current operating
assets & liabilities:
Decrease in Accounts receivable $9,200
Increase in inventories -$16,000
Increase in Accounts payable $12,500
Net cash flow from operating activities $94,500
Cash flows from investing activities:
Sale of investments $125,000
Purchase of equipment -$150,000
Net cash flow used for investing activities -$25,000
Cash flows from financing activities:
Retirement of bonds payable -$75,000
Issuance of common stock $75,000
Payment of dividends -$40,000
Net cash flow used for financing activities -$40,000
Net increase in cash $29,500
Cash at the beginning of the year $42,500
Cash at the end of the year $72,000
If we add successive laborers to work a given amount of land on a wheat farm, eventually:____.
a. the increases in wheat harvested will get larger and larger.
b. average total cost will fall to zero.
c. the increases in wheat harvested will rise at a constant rate.
d. the increases in wheat harvested will get smaller and smaller.
Answer:
d. the increases in wheat harvested will get smaller and smaller.
Explanation:
A marginal rate of technical substitution (MRTS) can be defined as an economic principle which is typically used to represent the rate at which a factor such as capital must decrease so that the same level or quantity of production is maintained when another factor such as labor is changed (increased).
An isoquant is the slope of a marginal rate of technical substitution (MRTS) which connects the two input factors provided that the level of output or production is the same.
Also, the diminishing marginal rate of technical substitution refers to the decline (fall) in marginal rate of technical substitution (MRTS) along an isoquant that produces the same quantity (level) of output.
When an isoquant has a diminishing marginal rate of technical substitution, the corresponding isoquants are convex to the origin. Thus, the marginal rate of technical substitution (MRTS) would continue to diminish as more of a factor such as capital is used.
If we add successive laborers to work a given amount of land on a wheat farm, eventually the increases in wheat harvested will get smaller and smaller.
Answer:
d. the increases in wheat harvested will get smaller and smaller.
Explanation:
If we add successive laborers to work a given amount of land on a wheat farm, eventually: the increases in wheat harvested will get smaller and smaller.
Jane's Donut Co. borrowed $198,000 on January 1, 2021, and signed a two-year note bearing interest at 11%. Interest is payable in full at maturity on January 1, 2023. In connection with this note, Jane's should report interest expense at December 31, 2021, in the amount of: Multiple Choice
Answer:
$21,780
Explanation:
Calculation to determine what Jane's should report interest expense at December 31, 2021, in the amount of:
Interest expense at December 31, 2021=$198,000 x 11% x 12/12
Interest expense at December 31, 2021= $21,780
Therefore Jane's should report interest expense at December 31, 2021, in the amount of: $21,780
What types of behaviors does the average customer exhibit
Explanation:
there are four types of consumer behavior : habitual buying behavior , variety-seeking behavior , dissonance-reduding buying behavior , complex buying behavior
In footnotes to its year-end annual report, Bancfirst Corp. reported that held-to-maturity debt securities with an amortized cost of $3,929 thousand had an estimated fair value of $3,963 thousand. The balance sheet reported:
Answer: Held to maturity asset of $3,929 thousand
Explanation:
Held-to-maturity securities as the term implies, are purchased by the company to be held until they mature or at the very least, for a period longer than a year. As a result, they are to be treated as Non-current assets because they are assets that owned for over a year.
Held to Maturity assets are to be recorded at amortized cost not fair value so these debt securities will be recorded at the amortized cost of $3,929 thousand.
You are valuing multiple steady-state companies in the same industry. Company A is projected to earn $160 in EBITA, grow at 2 percent per year, and generate ROICs equal to 15 percent. Company B is projected to earn $160 in EBITA, grow at 6 percent per year, and generate ROICs equal to 10 percent. Both companies have an operating tax rate of 25 percent and a cost of capital of 10 percent. What are the enterprise-value-EBITA multiples for both companies
Answer:
Company A
EBITA = $160m, growth = 2%, Cost of Capital = 10%, ROIC = 15%
Value = (EBITA * (1 - Growth/ROIC)) / (WACC - g)
Value = (160*(1 - 2/15)) / (0.1-0.02)
Value = 138.67 / 0.08
Value = 1,733
EV/EBITA = Value / EBITA
EV/EBITA = 1,733/160
EV/EBITA = 10.83x
Company B
EBITA = $160m, growth = 6%, Cost of Capital = 10%, ROIC = 10%
Value = (EBITA * (1 - Growth/ROIC)) / (WACC - g)
Value = (160*(1 - 6/10)) / (0.1-0.06)
Value = 64 / 0.04
Value = 1,600
EV/EBITA = Value / EBITA
EV/EBITA = 1,600/160
EV/EBITA = 10x
On July 1, 2021, Larkin Co. purchased a $460,000 tract of land that is intended to be the site of a new office complex. Larkin incurred additional costs and realized salvage proceeds during 2021 as follows: Demolition of existing building on site $ 71,000 Legal and other fees to close escrow 12,900 Proceeds from sale of demolition scrap 8,600 What would be the balance in the land account as of December 31, 2021
Answer:
$75,300
Explanation:
The computation of the balance in the land is shown below;
Purchase cost
$460,000
Add:
Demolition of existing building on site
$71,000
Add:
Legal and other fees to close escrow
$12,900
Less:
Proceeds from the sale of demolition scrap
($8,600)
Balance in the land
$75,300
Therefore, balance in the land account as of December 31, 2021 is $75,300
NO LINKS
How are prices determined in a pure-market economy? Check all that apply.
consumer demand
opportunity cost
the government
social customs
producer competition
Answer:
its a and b
Explanation:
got it right on edge
e payoff matrix below shows the payoffs (in millions of dollars) for two firms, A and B, for two different strategies, investing in new capital or not investing in new capital. Firm B Invest Not Invest Firm A Invest 20 for A 70 for A 20 for B 5 for B Not Invest 5 for A 50 for A 70 for B 50 for B Firm A’s dominant strategy is to ______, and Firm B’s dominant strategy is to ______.
Answer:
Invest
invest
Explanation:
Game theory looks at the interactions between participants in a competitive game and calculates the best choice for the player.
Dominant strategy is the best option for a player regardless of what the other player is playing
firm a can either earn20 or 70 if it advertises or 5 or 50 if it does not advertise. this is the same for firm B.
Thus the option that would yield the highest payoff is for both firms to advertise.
this is an example of prisoners dilemma
Received $950 cash for services provided to a customer during July. Issued common stock for $3,000 cash. Received $800 from a customer in partial payment of his account receivable which arose from sales in June. Provided services to a customer on credit, $425. Borrowed $6,500 from the bank by signing a promissory note. Received $1,300 cash from a customer for services to be performed next year. What was the amount of revenue for July
Answer:
$1,375
Explanation:
Calculation to determine What was the amount of revenue for July
Using this formula
July Revenue= July Cash Received for services provided+ Services provided to customer on credit
Let plug in the formula
July Revenue= $950+$425
July Revenue=$1,375
Therefore the amount of revenue for July is $1,375
Assume that the quantity of X is measured on the horizontal axis, and the quantity of Y is measured on the vertical axis. Assume that the price of X is $60, the price of Y is $30 and Rafe has an weekly income of $180. Which of the following is true? He can afford 6 units of good Y. His budget line has a slope of 1/3. He can afford 6 units of good X. His budget line has a slope of −1/3.
Answer:
True : He can afford 6 units of good Y'
Explanation:
Budget Line is a combination of two goods, consumer can afford with entire given money income & prices.
Equation : p1 x1 +p2 x2 = m. Here p1 & p2 are prices of two goods, x1 & x2 are quantities of two goods, m is money income.
Intercept of budget line is max quantity of a good consumer can buy spending only on either good. Formula = m / p1 & m / p2
As : m = 180 , p1 (px) = 60 , p2 (py) = 30 . Intercepts (x & y) = 180 / 60 = 3 & 180 / 30 = 6 respectively.
So, 'He can afford 6 units of good Y' is True. 'He can afford 6 units of good X' is False.
Slope shows the trade off of goods, given money income & price. Formula = = p1 / p2 = px / py = 60 / 30 = (-) 2. 'His budget line slope = 1/3 or -1/3', both are False
Rhoda Morgenstern just settled an insurance claim. The settlement calls for increasing payments over a 20-year period. The first payment will be paid one year from now in the amount of $50,000. The following payments will increase by 2 percent annually. What is the value of this settlement to Rhoda today if she can earn 5 percent on her investments
Answer:
PV = $733,271
Explanation:
From the given information:
The annual payment (P) = $50,000
number of years (n) = 20
The growth percentage = 2% = 0.02
Rate of percentage earned = 5% = 0.05
Using the formula illustrated below to determine the Present Value (PV) of a growing annuity;
[tex]PV = \dfrac{P}{r-g}\Big ( 1 - \Big ( \dfrac{1+g}{1+r} \Big) ^n \Big)[/tex]
[tex]PV = \dfrac{50000}{0.05-0.02}\Big ( 1 - \Big ( \dfrac{1+0.02}{1+0.05} \Big) ^{20} \Big)[/tex]
[tex]PV = \dfrac{50000}{0.03}\Big ( 1 - \Big ( \dfrac{1.02}{1.05} \Big) ^{20} \Big)[/tex]
[tex]PV =1666666.667 \Big ( 1 - \Big ( 0.9714285714 \Big) ^{20} \Big)[/tex]
[tex]PV =1666666.667 \Big ( 1 -0.5600379453 \Big)[/tex]
[tex]PV =1666666.667 \Big (0.4399620547 \Big)[/tex]
[tex]PV =\$733270.0913 \\ \\ \mathbf{PV \simeq \$733,271}[/tex]
Suppose you borrow $8,000 of principal that must be repaid at the end of two years, along with interest of 4 percent a year. If the annual inflation rate turns out to be 6 percent,
Instructions: Enter your responses rounded to the nearest whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers.
a. What is the real rate of interest on the loan?
b. What is the real value of the principal repayment?
Hint: Future value = Present value × (1 + Growth in prices)t, where t is the number of years evaluated, e.g., The real value of loan repayment = Amount of loan × (1 + Real interest rate)t
c. Who loses, the debtor or the creditor?
I do not know, i just need points :/
MFK Corp. wants to raise capital and is considering an offer of bonds and debentures. It is not sure of a particular disclosure requirement, so MFK poses its question to the SEC and requests an interpretation letter. If the SEC issues an interpretive letter addressing MFK's question and MFK follows the statements contained in the letter, MFK cannot be penalized should the advice be incorrect.
a. True
b. False
Answer:
B FALSEEEEEEEEEEEEEEEEEEEE
Nelson Corp. is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in cash flow of $112,000. The equipment will have an initial cost of $224,000 and have a 3 year life. If the salvage value of the equipment is estimated to be $87,000, what is the payback period
Answer:
2 years
Explanation:
Payback period is the length of time it takes for the future cash flows to equal the initial investment.
$224,000 = $112,000 + $112,000
therefore,
It takes 2 years for the cashflows to equal initial investment
Bricktan Inc. makes three products, basic, classic, and deluxe. The maximum Bricktan can sell is 75,000 units of basic, 420,000 units of classic, and 120,000 units of deluxe. Bricktan has limited production capacity of 90,000 hours. It can produce 10 units of basic, 8 units of classic, and 4 units of deluxe per hour. Contribution margin per unit is $15 for the basic, $25 for the classic, and $55 for the deluxe. What is the total contribution margin if Bricktan chooses the most profitable sales mix
Answer:
Bricktan Inc.
The total contribution margin if Bricktan chooses the most profitable sales mix is:
= $8,775,000.
Explanation:
a) Data and Calculations:
Basic Classic Deluxe Total
Maximum sales 75,000 420,000 120,000
Production hours available = 90,000
Units per hour 10 8 4
Hours required to meet sales 7,500 52,500 30,000 90,000 hrs
Contribution margin per unit $15 $25 $55
Contribution margin per hour $150 $200 $220
Total contribution margin $1,125,000 $1,050,000 $6,600,000 $8,775,000
Suppose the selling price of one-month forward Japanese yens is $0.010499 per yen, and the spot price is $0.010495 per yen. Complete the following formula for the per annum percentage premium (or discount) to calculate what the yen is worth in the one-month forward market.
Answer:
Explanation:
From the given information:
The per annum forward premium = [tex]\dfrac{Forward \ price - spot \ price}{spot \ price} \times \dfrac{12}{1}[/tex]
[tex]= \dfrac{0.010499 - 0.010495}{0.010499} \times \dfrac{12}{1}[/tex]
[tex]= \dfrac{0.000004}{0.010495} \times 12[/tex]
[tex]= 0.0003811 \times 12[/tex]
= 0.004573
= 0.4573%
Since this is positive and because it is favorable, the price of the yen would rise in the one-month forward market making it premium.
We can conclude that: The yen is at premium against US dollar, due to the fact that it is worth more in one-month forward market.
Ruby Red manufactures, markets, and distributes citrus flavored soft drinks across the globe. Ruby Red hired a collection agency in 2018 to increase collection rates from customers. As a result, Ruby estimates that only 2% of its 2019 credit sales will be written off, compared to the 4% of 2018's credit sales that were estimated to be uncollectible. At December 31, 2019, Ruby Red has a $12,800 credit balance in its allowance for doubtful accounts and credit sales of $1,570,000.
Required:
Use the percentage of credit sales method to calculate the bad debt expense.
Answer:
$31,400
Explanation:
Ruby estimates that only 2% of its 2019 credit sales will be written off
Ruby Red has a $12,800 credit balance in its allowance for doubtful accounts
Ruby Red has credit sales of $1,570,000.
Bad debt expense = Credit sales * 2% of its 2019 credit sales
Bad debt expense = $1,570,000 * 2/100
Bad debt expense = $1,570,000 * 0.02
Bad debt expense = $31,400
An exchange economy has two consumers, named Jimmy and Sue, and two commodities, apples and bananas. Jimmy’s initial endowment is 2 units of apples and 4 unit of bananas. Sue’s initial endowment is 4 apples and 4 units of bananas. Jimmy’s utility function over apples and bananas is U(AJ, BJ) =AJ1/2 BJ1/2. Sue’s utility function is of the form U(AS, BS) =AS+BS, where AJ and BJ are the amounts of apples and bananas for Jimmy and AS and BS are amounts of apples and bananas for Sue.The equation of the contract curve in terms of Jimmy’s coordinates is:________
a. BJ= 2AJ
b. BJ=(A2J)/2
c. BJ=AJ
d. BJ= (8AJ)/(1+AJ)
e. None of the above
Answer:
(a) BJ = AJ
In equilibrium, apples and bananas have the same price.
Jimmy’s consumption bundle must be 3 apples and 3 bananas
i just did this
Explanation:
mrk me brainliest pleasee
Suppose there are only two firms that sell smartphones: Flashfone and Pictech. The payoff matrix that follows shows the profit (in millions of dollars) each company will earn, depending on whether it sets a high or low price for its phones. For example, the lower-left cell shows that if Flashfone prices low and Pictech prices high, Flashfone will earn a profit of $10 million and Pictech will earn a profit of $3 million. (Hint: Assume this is a simultaneous game and that Flashfone and Pictech are both profit-maximizing firms.) Pictech High Price Low Price Flashfone High Price 8, 8 3, 10 Low Price 10, 3 5, 5 If Flashfone prices high, Pictech will make more profit if it chooses alow price, and if Flashfone prices low, Pictech will make more profit if it chooses ahigh price. If Pictech prices high, Flashfone will make more profit if it chooses alow price, and if Pictech prices low, Flashfone will make more profit if it chooses ahigh price. Considering all of the information given, pricing highis not a dominant strategy for both Flashfone and Pictech. What is the Nash equilibrium of this game
Answer:
Flashfone and Pictech
The Nash equilibrium is achieved when Pictech and Flashfone price their smartphones high without the other party changing their strategy.
Explanation:
a) Data and Calculations:
Pictech
High Low
High 8 8 3 10
Flashfone
Low 10 3 5 5
b) By acting at the Nash equilibrium and pricing their smartphones high, Pictech and Flashfone achieve a payoff of $8 million respectively. This payoff level does not put any of the two firms at a disadvantage.
What might you expect to find out about people who are described as credit risks?
A) They are usually given a low interest rate.
B) They have a history of not making their payments on time.
C) They find it easy to get a loan from the bank.
D) They have a history of paying in full each month.
Answer:
its B!!
Explanation:
Suggest strategies to succeed in outsourcing its HR services
Answer:
The answer is below.
Explanation:
The strategies of a company to succeed in outsourcing its HR services
1. Internal Analysis and Baselining: this involves the cost and value analysis of using internal HR vs Outsourcing HR
2. Understanding Cost vs. Value of HR: knowing what the cost and value of outsourcing entails can go a long way in determining whether it offers the value the company wants
3. Identifying Core Competencies: realizing the competencies of outsourcing HR particularly in the area of competitive advantage of the company.
4. Aligning Technology to Support Operational Objectives: utilization of outsourcing HR technology and operational support ensure the company doesn't cure additional coast
5. Agreeing on Expectations with HR Outsourcer: knowing what to expect and agreed on the outcome of the outsourcing process is one of the key strategies.
6. Addressing and Enforcing Performance Metrics: Also, the expected performance and what is needed to be achieved should be discussed and ensured it is ultimately accomplished.
The W.C. Pruett Corp. has $800,000 of interest-bearing debt outstanding, and it pays an annual interest rate of 8%. In addition, it has $600,000 of common stock on its balance sheet. It finances with only debt and common equity, so it has no preferred stock. Its annual sales are $2.88 million, its average tax rate is 30%, and its profit margin is 3%. What are its TIE ratio and its return on invested capital (ROIC)? Round your answers to two decimal places.
Answer:
1. TIE ratio = EBIT / Interest expense
EBIT = [ (Annual sales x profit margin) / (1 - tax rate) ] + Amount of debt x interest rate
= [ ($2,880,000 x 3%) / (1 - 0.30) ] + $800,000 x 8%
= 187428.57143
= $187,428.57
TIE ratio = $187,428.57 / ($800,000 x 8%)
TIE ratio = $187,428.57 / $64,000
TIE ratio = 2.92857
TIE ratio = 2.93
2. ROIC = [ EBIT x (1 - tax rate) ] / (Amount of debt + common stock)
= [$187428.57 x (1 - 0.30) ] / ($800,000 + $600,000)
= 0.093714285
= 9.37%
Question 1 Accounting for Construction Contracts 10 Marks
XYZ Ltd signs a contract on 30 June 2015, agreeing to build a bridge for ABC Limited at a
contract price of $40 million. XYZ Ltd estimates that construction costs will be as follows:
___________________________________________________
Year Ending Cost
___________________________________________________
30 June 2016 $10 000 000
30 June 2017 $16 000 000
30 June 2018 $ 6 000 000
$32 000 000
The contract provides that ABC will make payments on 30 June of each year as follows:
2016 $8 000 000
2017 $20 000 000
2018 $12 000 000
$40 000 000
XYZ now estimates at the beginning of the 2017 financial year that construction costs will be
as follows:
_________________________________________________
Year Ending Cost
___________________________________________________
30 June 2016 $10 000 000
30 June 2017 $21 000 000
30 June 2018 $15 000 000
$46 000 000
Required:
Calculate:
a) Percentage of completion for each of the three years. (4 marks)
b) Revenue to be recognised in each of the three years. (3 marks)
c) Gross profit/loss to be recognised in each of the three years. (3 marks)
Answer:
1st part of the question
a. percentage completion year 2016=cost incurred to date/estimated total cost
=31%.
likewise 2017: percentage completion is 50%
and 2018:percentage completion is 19%
Explanation:
2016
ie: 10000000/32000000
=31.25 or 31%
2017
ie: 16000000/32000000
=50%
2018
ie: 6000000/32000000
=18.75% or 19%
when a person sells a stick for a profit he needs to know that
Answer:
He needs to know that it is not a scam and that its gonna be a fair I give you give.
Explanation:
g The corporate charter of Imp Company authorized the issuance of 10 million, $1 par common shares. During 2021, its first year of operations, the company had the following transactions: January 1 sold 8 million shares at $15 per share June 3 purchased 2 million shares of treasury stock at $18 per share December 28 sold the 2 million shares of treasury stock at $20 per share What amount should the company report as additional paid-in capital in its December 31, 2021, balance sheet
Answer:
$116 million
Explanation:
Calculation of Additional Paid-in-Capital
Jan 1: 8 million*$14 $112 million
June 3: 2 million*$17 ($34 million)
Dec 28: 2 million*$19 $38 million
Paid-in-Excess capital $116 million
So, the company should report $116 million as additional paid-in capital in its December 31, 2021, balance sheet.
If Serena runs her own business and is responsible for everything, she is a/an
Answer:An entrepreneur
Explanation:
An entrepreneur is an individual who starts and runs a business with limited resources and planning, and is responsible for all the risks and rewards of her business venture.
In a perfectly competitive labor market marginal resource cost is: Multiple Choice the market value of the firm's output times the number of workers employed always zero the wage rate times the number of workers employed the wage rate
Answer: the wage rate
Explanation:
The marginal resource cost for labor is the additional amount that a producer would have to pay to be able to get an additional worker to work under them and produce goods.
This is therefore the wage rate because it is the amount that the worker will be paid. This wage rate is determined by market forces in a competitive market which means that it is based on demand and supply; if more people are needed, the wage rate is higher and if less are needed, the wage rate is lower.