Answer:
D. To make sure customers don't lose money if their bank fails.
Explanation:
The Federal Deposit Insurance Corporation, or simply the FDIC, is an independent agency whose mandate ensures customers do not lose their deposits should a bank or any other financial institution fails. The FDIC insures customer deposits up to a stated limit per person, per bank, per each account category. The insurance coverage is automatic to all account holders in an FDIC insured bank.
The Federal Deposit Insurance Corporation is financed by the insurance premiums paid by banks and other institutions. The FDIC’s scope covers checking accounts and savings such as money market accounts and certificates of deposit (CDs).
D is the answer!
source : ay p ex
The vast improvement in communications technology and globalization has caused the degree of competition many local retail businesses face to ___________.
a. fluctuate drastically
b. increase
c. decrease
d. stay the same
Answer:
b. increase
Explanation:
These changes have caused competition to greatly increase. This is mainly because with these changes anyone from around the world can provide the same services/products that a local retail business can provide while reaching customers from all over the world. Therefore, also competing with any retail brick-and-mortar business from any part of the world. Customers can easily communicate with these online businesses and purchase their products/services from the comfort of their homes and usually at a much better price.
You own a movie theater. The theater generates $100,000 per year in net income. This is expected to grow at 2% per year. Someone offers to buy the theater from you. How much should you charge as the selling price of the theater?
Answer: $1275000
Explanation:
From the question, we are informed that a theater generates $100,000 per year in net income and it is expected to grow at 2% per year.
The selling price of the theater if someone offers to buy will be:
= net income × (1+g) / (r-g)
= $100,000 × (1 + 2%) / (10% - 2%)
= $100,000 × (1.02) / (0.08)
= $1275000
The amount of money which the theater owner should charge as the selling price of the theater is:
$1275000
According to the given question, we are asked to calculate the selling price of a movie theater, when we factor in the net income, expected growth, etc.
As a result of this, we can see that to make the necessary calculations, we have to take note of some important things such as:
Net income
Expected growth rate
The net income is $100, 000 per year
The expected growth rate is 2% per year
With this in mind, the owner can calculate the selling price as net income × (1+g) / (r-g) which would give us $100,000 x 91.02)/ (0.08)
= $1275000
Therefore, the correct answer is $1275000
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What type of research is being used when gathering data from structured survey responses that are numerical in nature?A. Qualitative.
B. Observational.
C. Quantitative.
D. Secondary.
E. Tertiary.
Answer:
C. Quantitative.
Explanation:
Here in the question it is mentioned that the research type which is used at the time when the data is gathered from structured survey that response and are in the numerical so here the numerical means the data which can be count and we called as a quantitative
Therefore the option C is correct
hence, the same is to be considered
Discuss about Financial System and its impact on the strategic Financial Management
Answer:
The modern Financial System is based on a central bank that controls the monetary base (but not the money supply), and in fractional reserve banking. The implicaton of this, is that banks loan out some of the money that they obtain as deposits, and in this process they create money.
Explanation:
The Financial System is influenced by this process of money creation, because when the money that circulates in the economy (the money supply) changes, interest rates also change.
Interest rates are the price of investment, and the most important indicator that a financial manager has to take into account when making a financing decision.
Financial managers must also take into account the different types of financial institutions that exist, from hedge funds, to commercial banks, to cooperatives, and the different types of securities, from stocks, to bonds, to derivatives and futures.
A disadvantage of bond financing is: Multiple Choice Bonds pay periodic interest and the repayment of par value at maturity. It allows firms to trade on the equity. Bonds do not affect owners' control. Interest on bonds is tax deductible. Bonds can increase return on equity.
Answer:
Bonds pay periodic interest and the repayment of par value at maturity.
Explanation:
The main disadvantages that businesses face when issuing bonds are:
bonds pay coupons either semiannually or annually, and the company needs to have the money to pay thembonds increase the risk of insolvency, AKA bankruptcy, which increases the cost of equitysince bonds require interest payments (coupons), they can potentially decrease return on equitySuppose that some country had an adult population of about 47 million, a labor-force participation rate of 123.4 percent, and an unemployment rate of 31.0 percent. How many people were unemployed?
a. 18 million
b. 81.0 million
c. 58 million
d. 40 million
The number of unemployed peoples is 17.67 Millions, when the rate of unemployed peoples are 31%.
What is unemployment?Unemployment happens when individuals who desire to do work are incapable to encounter jobs, which displaces economic output.
High pressure rates of unemployment are a sign of economic pain, while highly low-level rates of unemployment may sign a hotted economy.
Computation of unemployed peoples:
According to the given information,
The labor force rate = 123.4%, and
Absolute Value = 47 million
Then, the labor force population is:
[tex]\text{labor Force Population} = \text{The Labor Force Rate} \times \text{Absolute Value}\\\\\text{labor Force Population} =123.4\% \times 47 \text{Million}\\\\\text{labor Force Population} =57 \text{Approx.}[/tex]
Now, the number of unemployed peoples are:
According to the given information,
unemployment rate = 31.0
Then,
[tex]\text{Number of Unemployed Peoples} = \text{Unemployment Rate} \times \text{Labor force Population}\\\\\text{Number of Unemployed Peoples} = 31\% \times 57 \text{Million(Approx)}\\\\\text{Number of Unemployed Peoples} =17.67\text{Million}[/tex]
Therefore, the number of unemployed peoples are 17.67 Millions.
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The price of TSC stock will be either $42 or $46 at the end of the year. Currently, T-bills yield 4.1 percent and TSC sells for $43 a share. What is the per share value of a one-year TSC call option if the exercise price is $45 per share?
a. $1.03
b. $.66
c. $.72
d. $.81
e. $0
Answer:
b. $.66
Explanation:
The computation of the per share value for the one year is
Given that
Current Price = $43
Possible Prices = $42 and $46
Now
u = [($46 - $43) ÷ $43] + 1
= 1.06977
And
d = 1 - [($42 - $43) ÷ $43]
= 0.9767
And,
Risk-Free Rate = T-Bill Rate = Rf = 4.1 %
Now the up move price probability is
= [(1 + Rf) - d] ÷ [u - d]
= [(1.041) - 0.9767] ÷ [1.06977 - 0.9767]
= 0.69088
And,
Exercise Price = $ 45
Now
If the Price is $42, so Payoff = $0
And
if the Price is $46, so Payoff =is
= ($46 - $45)
= $1
Finally the call price is
= [0.69088 × 1 + (1 - 0.69088) × 0] ÷ 1.041
= $0.66367
= $0.66
Explain the Virtuous cycle
Right Hand inc.'s company structure is designed to provide focus to each distinct industry the company serves. This is an example of a __ structure.
Answer:
Product
Explanation:
The product structure is a structure that gives an overview of the product to the customers and according to the customer needs and wants the product could be customized. Also the company have to see the customer taste and preferences and modify there products from time to time so that the company could able to accomplish its sales target
Here in the question, the company focused on each and every different industry that the company serves
So this represents the product structure
At December 31, 2020, the unadjusted balance in Allowance for Doubtful Accounts is a credit of $16,000. Instructions Journalize and post the adjusting entry for bad debts at December 31, 2020. Journalize and post to the allowance account the following events and transactions in the year 2020. March 1, a $1,900 customer balance originating in 2020 is judged uncollectible. May 1, a check for $1,900 is received from the customer whose account was written off as uncollectible on March 1. Journalize the adjusting entry for bad debts on December 31, 2020. Assume that the unadjusted balance in Allowance for Doubtful Accounts is a debit of $2,000, and the aging schedule indicates that total estimated bad debts will be $38,300.
Answer:
a. Journal Entry
Date Account Titles Debit Credit
Dec 31 Bad Debts Expense $16,000
Allowance for Doubtful Accounts $16,000
To record bad debts expense.
b. Journal Entries:
Date Account Titles Debit Credit
Mar 1 Allowance for
Doubtful Accounts $1,900
Accounts Receivable $1,900
To record the write-off of uncollectible account.
Date Account Titles Debit Credit
May 1 Accounts Receivable $1,900
Allowance for Doubtful Accounts $1,900
To record the reversal of the March 1, 2020 entries.
Date Account Titles Debit Credit
May 1 Cash $1,900
Accounts Receivable $1,900
To record the receipt of check from the customer.
c. Journal Entries:
Date Account Titles Debit Credit
Dec. 31 Bad Debts Expense $40,300
Allowance for Doubtful Accounts $40,300
To record bad debts expense and bring the Allowance for Doubtful Accounts to a credit balance of $38,300.
Explanation:
a) Adjusting journal entries are necessary to ensure that the accounts are reported in accordance with the accrual concept.
An increase in income:________. A. changes relative prices of goods the consumer buys. B. shifts the budget constraint outward. C. shifts the budget constraint inward. D. leads to the substitution effect.
Answer: B. shifts the budget constraint outward
Explanation:
An increase in the income of a consumer will bring about an outward shift of the budget constraint. This is because when the income of a consumer rises, such consumer can buy more goods and services.
Also, a decrease in income will result into an inward shift of the budget constraint. This is because lesser goods are purchased.
Suppose your firm operates in a perfectly competitive market and decides to double its output. How does this affect the firm's marginal profit?A) Marginal revenue and marginal cos inerese B) Marginal revenue increases but marginal cost remain the same. C) Marginal cost may change but marginal revenue remains the same D) Marginal revenue and marginal cost decrease
Answer: C) Marginal cost may change but marginal revenue remains the same
Explanation:
In a perfect competition the price is set by the market which means that one individual firm cannot change the price. This means that the marginal revenue for everyone is the same. If your firm decided to double its output, total revenue might change but marginal revenue will remain the same.
The marginal cost may change as well because marginal cost is unique to firms so if your firm wants to double output, it might find that it will cost more or less to produce an additional unit of a good.
Both of these changes happen simultaneously in a market: the supply of good X falls and the demand for good X rises. This will result in:_______
a. an increase in both the equilibrium price and quantity in the market.
b. an increase in the equilibrium quantity and an uncertain impact on the equilibrium price
c. a decrease in both the equilibrium price and quantity in the market.
d. an increase in the equilibrium price and an uncertain impact on the equilibrium quantity.
Answer:
d.
Explanation:
This scenario will result in an increase in the equilibrium price and an uncertain impact on the equilibrium quantity. This is because when customers in a market want a product but there is very little supply exists it makes the product more valuable and thus increases the price since consumers are willing to pay more for that product to get their hands on it. Scarcity increases price always, but while the supply and demand of a product are not the same this causes an uncertain impact on the equilibrium quantity.
What are the difference between aims and goal
Answer:
Goal is a set target that a person wants to achieve, while Aim is the determined course a person sets to achieve a target.
Joe's Mart policy is to have 20% of the next month's sales on hand at the end of the current month. Projected sales for August, September, and October are 36,000 units, 31,000 units, and 41,000 units, respectively. How many units must be purchased in September?A. 16,000.B. 17,000.C. 22,000.D. 26,000.E. 28,000.
Answer:
the number of units purchased in September is 33,000 units
Explanation:
The computation of the number of units purchased in September is shown below:
= September sales + desired ending inventory - beginning inventory
= 31,000 + 41,000 × 20% - 31,000 × 20%
= 31,000 + 8,200 - 6,200
= 33,000 units
This is the answer but the same is not provided in the given options
hence, the number of units purchased in September is 33,000 units
We simply applied the above formula so that the correct value could come
And, the same is to be considered
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This site shows the occupations with the highest expected growth rates over the period 2014 - 2024. Which occupation is expected to grow at the highest percentage increase? Is this occupation also expected to have the largest increase in the number of jobs? Explain.
According to the information provided by the graph, it can be inferred that the occupation with the highest percentage of growth is wind turbine service technicians with 108.0%. While the one with the greatest increase in jobs is Home Health aides with 348.4.
How to interpret the information in the table?In the table there are different columns and rows that organize the information. To know a specific data we must identify what each row and column corresponds to.
The columns (horizontal) correspond to the different jobs that are projected to increase in the period of time 2014 - 2024.
On the other hand, the (vertical) rows have different data such as:
Number of jobs.Change between 2014 and 2024.Average annual salary.Education required for that job.According to this information, it can be inferred that the employment with the highest percentage of increase is that of wind turbine service technicians with 108.0%.
However, the air turbine technician job is not the one with the largest variation in job titles. The one with the greatest variation in jobs employment is Home Health aides with 348.4.
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1. The occupation that is expected to grow at the highest percentage increase between 2014 and 2024 is Wind Turbine Services (technicians) with some college education. It has a percentage change of 108%.
2. However, this occupation is not also expected to have the largest increase in the number of jobs.
Instead, the occupation with the largest increase in the number of jobs between 2014 and 2024 is Home Health Aides (with no formal educational credential).
What is occupation?Occupation refers to the type of work a person does to earn a living.
For example, working as a Wind Turbine Service technician is an occupation.
Other occupations include school teaching, commercial driving, nursing practice, and working as a home health aide.
Thus, the occupation that is expected to grow at the highest percentage increase is Wind Turbine Services (technicians) while the occupation with the largest increase in the number of jobs is Home Health Aides.
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Discuss how structural dimensions of the firm, including formalization, standardization, and centralization, can affect the firm’s propensity to innovate and its effectiveness at innovation
Explanation:
A company's organizational structure can be defined as the organization of the company's activities so that it operates more efficiently and effectively and achieves its objectives and goals.
Therefore, the structural dimensions of a company including formalization, standardization and centralization will directly influence the innovation of an organization in relation to several variables such as its internal environment, processes, products and services, as there are organizational structures that are more focused on innovation than others, such as the horizontal structure in relation to the vertical, since the vertical structure is the most rigid and with a higher hierarchy, while in the horizontal structure there is greater autonomy of employees and greater participation in the decision-making process, which is a more flexible environment open to innovation.
Marigold Corp. gathered the following reconciling information in preparing its April bank reconciliation: Cash balance per books, 4/30 $13700 Deposits in transit 1900 Notes receivable and interest collected by bank 4620 Bank charge for check printing 160 Outstanding checks 9400 NSF check 870 The adjusted cash balance per books on April 30 is:______.
Answer:
Marigold Corp. gathered the following reconciling information in preparing its April bank reconciliation: Cash balance per books, 4/30 $13700 Deposits in transit 1900 Notes receivable and interest collected by bank 4620 Bank charge for check printing 160 Outstanding checks 9400 NSF check 870.
The adjusted cash balance per books on April 30 is:__$17,290.
Explanation:
a) Data and Calculations:
Cash balance per books, 4/30 = $13,700
Deposits in transit 1,900
Notes receivable and interest collected by bank 4,620
Bank charge for check printing 160
Outstanding checks 9,400
NSF check 870
b) Cash balance per books, 4/30 $13,700
Notes receivable and interest collected by bank 4,620
Bank charge for check printing -160
NSF check -870
Adjusted cash balance as per books on April 30 $17,290
c) The adjusted cash balance of $17,290 will be equal to the balance on the bank statement on the same date, unless there is another accounting error that is not listed above.
A seller has accepted an offer from John. John wants to remodel and add an outdoor pool when he has enough equity built up to cover the project. Which loan arrangement will help him build equity faster than the others?
Answer:
make a 40% down payment upfront
Explanation:
The best arrangement that would help him accomplish this would be to make a 40% down payment upfront. The best way to build equity as fast as possible is to put down the biggest down payment that you can. The bigger the down payment, the higher the boost in equity that you will receive. That is why it is the best option. Anything above 20% down payment is the ideal scenario, while 40% would be perfection.
Crane Company sells two types of computer hard drives. The sales mix is 30% (Q-Drive) and 70% (Q-Drive Plus). Q-Drive has variable costs per unit of $30 and a selling price of $90. Q-Drive Plus has variable costs per unit of $45 and a selling price of $135. Crane’s fixed costs are $486000. How many units of Q-Drive would be sold at the break-even point?
Answer:
1,800 units
Explanation:
With regards to the above, we need to find first the contribution margin of Q drive.
Contribution margin of Q drive = Selling price - Variable costs per unit
= $90 - $30
= $60
We will also find contribution margin of Q drive plus
Contribution margin of Q drive plus = Selling price - Variable costs per unit
= $135 - $45
= $90
Therefore, the combine contribution margin for both drive
= 30% × $60 + 70% × $90
= $18 + $63
= $81
The next step is to find the total break even point
= Crane company's fixed costs / Combined contribution margin
= $486,000 / $81
= 6,000 units
Furthermore, it means that Q drive would be sold at the break even point = Total break even point × Sales mix
= 6,000 × 30%
= 1,800 units
Accounting Employees view budgeting more positively when goals are established for them by senior management.
a. True
b. False
Answer:
B
Explanation:
Store A uses the newsvendor model to manage its inventory. Demand for its product is normally distributed with a mean of 500 and a standard deviation of 300. Store A purchases the product for $10 each unit and sells each for $25. Inventory is salvaged for $5. What is its maximum profit?
a. $10,500
b. $8,500
c. $7,500
d. $6,000
Answer:
c. $7,500
Explanation:
Profit Maximization is a process in which an entity determines the selling price and cost of the product that results in the highest profit.
Use following formula to calculate the maximum profit
Maximum profit = Mean demand x ( Price per unit - Cost per unit )
Where
Mean demand = 500
Price per unit = $25
Cost per unit = $10
Placing values in the formula
Maximum Profit = 500 x ( $25 - $10 )
Maximum Profit = $7,500
Southwest U's campus book store sells course packs for $15 each, the variable cost per pack is $10, fixed costs to produce the packs are $200,000, and expected annual sales are 50,000 What are the pre-tax profits from sales of course packs?A. $72,900.B. $81,000.C. $90,000.
D. $100,000.
E. $110,000.
Answer:
Pre-tax income= $50,000
Explanation:
Giving the following information:
Selling price per unit=$15 each
Unitary variable cost= $10
Fixed costs= $200,000
Sales in units= 50,000
First, we will determine the unitary contribution margin:
Unitary contribution margin= 15 - 10= $5
Now, the pre-tax income:
Pre-tax income= 50,000*5 - 200,000
Pre-tax income= $50,000
Advantages of large group communication ?
Answer:
1: Increased output: The first and most important advantage of group work is, that it increases total productivity
2: More resources :The more member you have in a group, the resources you have at the end of the day...
3: Reliability: Project are safer with team than with individual.
4: proper decision making
5:Exposure to diversity.
Answer:
andvatage whem itsits when couple enoustryied withcouple walangjowa ble
Explanation:
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Noma plans to save $3,400 per year for the next 35 years. If she can earn an annual interest rate of 9.2 percent, how much will she have in 35 years? a) $716,300.24 b) $119,000.00c) $767,464.54 d) $83807128 e) $734,09652
Answer:
c) $767,464.54
Explanation:
The computation of the future value of an annuity is shown below:
As we know that
Future value of annuity F = Payment made × ((1 + rate of interest)^t - 1) ÷ r ate of interest
= $3,400 × (1.092^35 - 1) ÷ 0.092
= $3,400 × 225.7249
= $767,464.54
Hence, the future value of an annuity is $767,464.54
Therefore the correct option is c.
Which of the following cannot be the characteristic of entrepreneurial climate
Answer:
-900000000000000000000000000
Earnings of workers are typically decreased by
Goodwill is: Group of answer choices Amortized over the greater of its estimated life or forty years. Only recorded by the seller of a business. The excess of the fair value of the consideration exchanged for the company over the fair value of net assets acquired. None of these.
Explanation:
Goodwill in accounting is an intangible asset that arises when a buyer acquires an existing business. Goodwill represents assets that are not separately identifiable. Goodwill does not include identifiable assets that are capable of being separated or divided from the entity and sold, transferred, licensed, rented, or exchanged, either individually or together with a related contract, identifiable asset, or liability regardless of whether the entity intends to do so. Goodwill also does not include contractual or other legal rights regardless of whether those are transferable or separable from the entity or other rights and obligations. Goodwill is also only acquired through an acquisition; it cannot be self-created. Examples of identifiable assets that are goodwill include a company’s brand name, customer relationships, artistic intangible assets, and any patents or proprietary technology. The goodwill amounts to the excess of the "purchase consideration" (the money paid to purchase the asset or business) over the net value of the assets minus liabilities. It is classified as an intangible asset on the balance sheet, since it can neither be seen nor touched. Under US GAAP and IFRS, goodwill is never amortized, because it is considered to have an indefinite useful life. Instead, management is responsible for valuing goodwill every year and to determine if an impairment is required. If the fair market value goes below historical cost (what goodwill was purchased for), an impairment must be recorded to bring it down to its fair market value. However, an increase in the fair market value would not be accounted for in the financial statements. Private companies in the United States, however, may elect to amortize goodwill over a period of ten years or less under an accounting alternative from the Private Company Council of the FASB.
Having determined that June's poor work performance is related to a lack of ability, what is the first question you should ask?A) Why does June have a poor attitude?B) Does June lack commitment?C) Does June have the resources to do the job?D) Why doesn't June try harder?
Total fixed costs for Diamond Enterprises are $800,000. Total costs, including both fixed and variable, are $890,000 if 120,000 units are produced. What would be the fixed cost per unit at 200,000 units?a) $4.00 per unitb) $7.42 per unitc) $4.45 per unitd) $0.45 per unit
Answer:
a. $4.00 per unit
Explanation:
Variable costs are those costs that varies with output level e.g labor cost, while fixed costs are those costs that do not change irrespective of output level. eg rent.
Given that ,
Total cost = $890,000
Total fixed cost = $800,000
Variable cost = Total cost - Total fixed cost
Variable cost = $890,000 - $800,000 = $90,000
Number of units = 200,000
Fixed cost per unit = Total fixed cost / Number of units
Fixed cost per unit = $800,000 / 200,000 = $4 per unit