Answer:
See below
Explanation:
The above information is incomplete. However, similar question will be used.
If a bank holds $450,000 in required reserves, and $1.8 million in total deposits, then the deposit expansion multiplier is:______.
a. 0.25
b. 2
c. 4
d. 5
e. 10
Answer:
4
Explanation:
A bank holds 450,000 in required reserves
The bank also hold 1,800,000 in total deposits
Therefore the deposits expansion multiplier can be calculated as follows
= 1,800,000/450,000
= 4
Hence the deposits expansion multiplier is 4
The Bronco Corporation exchanged land for equipment. The land had a book value of $125,000 and a fair value of $160,000. Bronco received $15,000 from the owner of the equipment to complete the exchange which has commercial substance. Required: 1. What is the fair value of the equipment
Answer:
The Bronco Corporation
The fair value of the equipment is:
= $145,000.
Explanation:
a) Data and Calculations:
Book value of land = $125,000
Fair value of the land = $160,000
Amount received from the equipment owner in exchange = $15,000
Fair value of the equipment = $145,000 ($160,000 - $15,000)
b) This simply means that the equipment is worth less than the land which is exchanged between Bronco and the equipment owner.
answer the following about break even analysis. New city day care center operates from Monday to friday. it has fixed expenses of $5,000 per week and charges each child who attends the program $15 per day. It costs the center $5 per day for supplies and snacks fro each child. How many children must come ot the center each day for it to break even
Answer:
500 children
Explanation:
Break even point is the level at which a firm makes neither a profit nor a loss. In other words the point where Profit = $ 0.
Break even (units) = Fixed Costs ÷ Contribution per unit
Therefore,
Break even (children) = $5,000 ÷ ($15 - $5)
= 500
500 children must come to the center each day for it to break even.
Suppose the cross-price elasticity of demand between goods X and Y is -5. How much would the price of good Y have to change in order to change the consumption of good X by 50 percent
Answer:
-2.5%
Explanation:
The computation is given below:
We know that
Cross price elasticity of demand = Percentage change in the price of y ÷ percentage change in the price of x
And, the same is given i.e. -5
So here the percentage of change in the price of y is
= -5 × 50%
= -2.5%
Destaque las ventajas y desventajas que tiene un mercado libre.
answer:
ventaja —
libertad para innovarlos clientes impulsan las eleccionesdesventaja —
gamas de productos limitadaspeligros del afán de lucroexplanation:
la falta de control gubernamental permite a las economías de libre mercado una amplia gama de libertades, pero estas también tienen algunos inconvenientes distintosBrandCo currently has 65.6 million shares outstanding. If BrandCo's shares are traing at $57 per share, what is the company's market capitalization (i.e., value of equity)
Answer:
$3,739.20 million
Explanation:
Calculating the company's market capitalization
- 65.6 million shares outstanding
- If BrandCo's shares are trading at $57 per share
Company's market capitalization = Shares outstanding * Current price
Company's market capitalization = 65.6 million shares * $57
Company's market capitalization = $3,739.20 million
All operating expenses are paid in cash in the month incurred. If HDC expects to sell 20,000 units of inventory, the total budgeted selling and administrative expenses would be what amount on the January pro forma income statement
Answer:
$123,400
Explanation:
Calculation to determine what amount on the January pro forma income statement
Freight-out $5,000
(20,000 units x 0.25)
Depreciation on Admin. Equipment $10,000
Sales and Admin Sal. $46,400
[$40,000 + (.02 x $320,000)]
Advertising $12,000
Lease $45,000
Miscellaneous $5,000
Total $123,400
Therefore what amount on the January pro forma income statement is $123,400
A city starts a solid waste landfill that it expects to fill to capacity gradually over a 20-year period. At the end of the first year, it is 11 percent filled. At the end of the second year, it is 25 percent filled. Currently, the cost of closure and postclosure is estimated at $1 million. None of this amount will be paid until the landfill has reached its capacity.
Which of the following is true for the Year 2 government-wide financial statements?
A. Expense will be $130,000 and liability will be $260,000.
B. Expense will be $140,000 and liability will be $250,000.
If this landfill is judged to be a proprietary fund, what liability will be reported at the end of the second year on fund financial statements?
a. $140,000
b. $0
c. $ 260,000
d. $ 250,000
If this landfill is judged to be a governmental fund, what liability will be reported at the end of the second year on fund financial statements?
a. $0
b. $140,000
c. $260,000
d. $250,000
Answer:
1- B. Expense will be $140,000 and liability will be $250,000
2- d. $250,000
3- d. $250,000
Explanation:
The expense will be $140,000 which is calculated by year 1 and year 2 percent filled. The calculation is as follows:
Year 2 liability : $1,000,000 * 25% = $250,000
Year 1 liability : $1,000,000 * 11% = $110,000
Year 2 expense = $140,000.
Explain the statement “The entrepreneur is the pivot of development.”
Answer:
Entrepreneurship is a continuous phase of development and movement while being focused on goal
Explanation:
An entrepreneur has an undeniable trait of being flexible along with being focused and pivoted to move in the right direction at the right time. If the circumstances require, he/she can also pivot in the other direction while being flexible at the same time.
Thus, entrepreneurship is a continuous phase of development and movement while being focused on goal.
Recall that since stocks have really long lives, in the video we first imagined owning a stock for only one period. In this simple, yet powerful scenario, today's stock price is the PV of next year's dividend and next year's stock price.) The stock of Alydar Oil, an all-equity firm, is currently trading at $30 per share, after just having paid a $2.60 per share dividend. The market expects a dividend of $3.30 per share to be paid one year from today. If the equity cost of capital (same as discount rate for equity) is 13% for this firm, the expected ex-dividend price (the stock price after the dividend is paid next year) in one year (t = 1) should be closest to:_______.a) $32.77b) $30.60c) $33.90d) $31.30
Answer:
Option b ($30.6) is the correct option.
Explanation:
Given:
Current price,
= $30
Required rate,
= 13%
Expected dividend,
= 3.30
Now,
The expected ex-dividend will be:
= [tex]Current \ price\times (1+ Required \ rate) - Expected \ dividend[/tex]
On putting the values, we get
= [tex]30\times (1+13 \ percent)-3.30[/tex]
= [tex]30\times 1.13-3.30[/tex]
= [tex]33.9-3.30[/tex]
= [tex]30.6[/tex] ($)
When an accounting change is reported under the retrospective approach, prior years' financial statements are:
January 2, 2018, Cullumber, Inc. purchased a patent for a new consumer product for $810000. At the time of purchase, the patent was valid for 15 years; however, the patent’s useful life was estimated to be only 10 years due to the competitive nature of the product. On December 31, 2021, the product was permanently withdrawn from the market under governmental order because of a potential health hazard in the product. What amount should Cullumber charge against income during 2021, assuming amortization is recorded at the end of each year?
Answer:
Cullumber, Inc.
The amount that Cullumber should charge against income during 2021 is:
= $567,000.
Explanation:
a) Data and Calculations:
Cost of a purchased patent = $810,000
Estimated useful life = 10 years
Annual amortization expense = $81,000
Accumulated amortization for 3 years = $243,000 ($81,000 * 3)
Book value of patent on December 31, 2021 = $567,000 ($810,000 - $243,000)
The remaining book value should be charged against income in 2021 because of the withdrawal of the product.
Operations Excellence (OE), Inc. has two production departments: Mixing and Packaging. Mixing DepartmentPackaging DepartmentWarehouseOE manufactures two products: Compound H and Compound L. Compound H is a high-end product that requires more expensive materials than Compound L and is produced at smaller volume. The two products go through the two production departments in essentially the same conversion processes. There is no work-in-process inventory for either product. OE uses an operation costing system that assigns materials cost to the specific product for which the underlying materials are used and assigns conversion costs to all products evenly as each product undergoes the same process in each production department. The production and cost data are available for July:Compound HCompound LTotal2,500 Units4,800 UnitsMaterials: Mixing$220,000$100,000$120,000 Packaging 75,900 37,500 38,400Total materials cost$295,900$137,500$158,400Conversion: Mixing$219,000 Packaging 131,400Total conversion cost$350,400Required: Determine the unit cost for Compound H and Compound L.
Answer:
Operations Excellence (OE)
The unit cost for Compound H and Compound L respectively is:
Compound H Compound L
Unit cost of production $103 $81
Explanation:
Production and cost data are available for July:
Total Compound H Compound L
Production units 7,300 2,500 4,800
Materials:
Mixing $220,000 $100,000 $120,000
Packaging 75,900 37,500 38,400
Total materials cost $295,900 $137,500 $158,400
Conversion:
Mixing $219,000
Packaging 131,400
Total conversion cost$350,400
Assigned conversion cost per unit = $48
Assignment of conversion costs: 120,000 230,400 (4,800 * $48)
Total production costs $646,300 $257,500 $388,800
Units produced 7,300 2,500 4,800
Unit cost $103 $81
Sheffield Corp. owns the following assets: Asset Cost Salvage Estimated Useful Life A $540000 $42000 10 years B 201000 23500 5 years C 490000 22000 12 years What is the composite life of Sheffield's assets?
Answer:
The composite life is 9.19.
Explanation:
Below is the calculation for composite life of assets:
Composite life = Total Depreciable Cost ÷ Total Annual Depreciation
Composite life = 1143500 ÷ 124300
Composite life = 9.19
The composite life is 9.19.
A general-purpose diagnostic technique that views organization behavior not as a static pattern but as a dynamic balance of forces working in opposite directions is the _____.
Answer:
Force field analysis.
Explanation:
In Business management, a force field analysis can be defined as a multipurpose diagnostic model that is mainly focused on the consideration of various factors that include both the degrees of cooperation and collaboration in an organization.
This ultimately implies that, a force field analysis is a change model, technique or framework that views and analyzes a problem as a product of many forces working in different but often opposite directions i.e action-reaction force pairs.
Hence, it is a general-purpose diagnostic technique that is designed and developed to view organizational behavior not as a static pattern but as a dynamic balance of forces working in opposite directions is the force field analysis.
Sunland Co. uses the retail inventory method. The following information is available for the current year. Cost Retail Beginning inventory $ 318000 $494000 Purchases 1240000 1720000 Freight-in 23000 — Employee discounts — 8500 Net markups — 66000 Net markdowns — 86000 Sales revenue — 1620000 If the ending inventory is to be valued at approximately lower of average cost or market, the calculation of the cost ratio should be based on cost and retail of
Answer:
Sunland Co.
The calculation of the cost ratio should be based on cost and retail of $1,581,000 and $2,288,500 respectively.
Explanation:
a) Data and Calculations:
Cost Retail Cost to Retail Ratio
Beginning inventory $ 318,000 $494,000
Purchases 1,240,000 1,720,000
Freight-in 23,000 —
Employee discounts — 8,500
Net markups — 66,000
Goods available for sale $1,581,000 $2,288,500 69.08%
Less:
Net markdowns — 86,000
Sales revenue — 1,620,000
Estimated ending Inventory at retail $582,500
Estimated ending Inventory
at cost $402,391 ($582,500 * 69.08%)
Calculation of the cost ratio = $1,581,000/$2,288,500 * 100 = 69.08%
Assume you decide you should invest at least part of your money in large-capitalization stocks of companies based in the United States. What are the advantages and disadvantages of choosing the Bledsoe Large-Company Stock Fund compared to the Bledsoe S
The seaport town of New Monopoly has become extremely popular with shipping companies due to its superior location. The port has become so congested that ships must wait hours every day just to dock. The mayor of New Monopoly realizes that the congestion at the port costs the shipping companies and his town money. This is an example of marginal analysis. a private good. market failure. a recession.
Answer:
Market failure.
Explanation:
In this scenario, the port became so congested such that ships now have to wait hours queing every day just to dock. The mayor of New Monopoly realizes that the congestion at the port costs the shipping companies and his town money. This is an example of market failure.
A market failure can be defined as a situation in which the market fails to produce an efficient level of productivity or output that is required to meet demand.
This ultimately implies that, a market failure arises when there is inefficiency in the distribution or allocation of goods and services in a free market. Thus, the demand of the consumer of these goods and services are not being met with the level of supply (output) required i.e the forces of demand and supply are not efficient in producing the level of output required by the economy.
Some of the causes of market failure are imperfect information, monopoly, oligopoly, externalities etc.
Excellent Company has provided the following operating information for one of its divisions: Sales $100,000 Variable expenses $55,000 Contribution margin $45,000 Direct fixed expenses $35,000 Common fixed expenses allocated in proportion to sales amounts to $16,000. Based on the provided information, calculate the division's segment margin.
Answer:
See below
Explanation:
Given the above information, segment margin is computed as shown below.
Segment margin = Net sales - Cost of sales - Fixed cost
Given that;
Net sales = $100,000
Cost of sales = $55,000
Fixed cost = $35,000
Then,
Segment margin = $100,000 - $55,000 - $35,000
Segment margin = $10,000
Therefore, the division's segment margin is $10,000
Clay and Maryanna own a house together, which they decide to sell for $200,000. The two decide to split the proceeds according to the ratio of money that each invested in the property. Clay put in the most money at a ratio of 5:3. How much money should Maryanna get from the sale
Answer:
The answer is "[tex]\$75,000[/tex]"
Explanation:
Convert the ratio to several fractions first. Its first half of such a ratio is measured by multiplying two sides (Clays 5 + Maryanne's 3 pieces = 8 total parts) combined, to determine the numerator, and the very first part of the ratio is maintained as a numberer of the factions (5 parts, Clay contribution). Therefore Clay made a significant donation of [tex]\frac{ 5}{8}[/tex], which's also [tex]\frac{3}{8}[/tex] of Maryanna[tex](\frac{8}{8}-\frac{5}{8}=\frac{3}{8})[/tex] donated.
[tex]\to \$75,000 \times \frac{3}{8}\\\\\to \$200,000[/tex]
A set of servers, that your project needs, has a daily lease cost of $500 for the first 20 days and the lease cost is reduced to $200 daily for any days after the first 20 days. If the team decides to purchase this set of servers, the investment cost is $11,000 and a daily operational cost of $75. (a) After how many days will the purchase cost be same as the lease cost
Answer:
After 25 days of lease, the purchase cost will be the same as the lease cost.
Explanation:
a) Data and Calculations:
Initial investment (purchase) cost = $11,000
Lease cost = $10,000 ($500 * 20)
Difference in purchase and lease cost = $1,000 ($11,000 - $10,000)
Daily lease cost after the first 20 days = $200
Additional number of days for purchase cost to equal lease cost = $1,000/$200 = 5 days
b) One can infer from the above that it will benefit the company more to purchase the set of servers by making the initial investment of $11,000 than leasing the servers.
A pharmaceutical company with headquarters in India sells fluconazole, the generic version of Pfizer's anti-fungal drug Diflucan internationally for significantly less money than many U.S. generic drug manufacturers. The generic drugs industry in this country needs to rethink its
Answer:
Pricing strategy to stay competitive
Explanation:
Pricing strategy is the process by which a company sets prices of goods and services offered to a consumer.
In setting up a price strategy the management.of a business need to put into consideration the competitive reaction, pricing position, pricing segment, and pricing capability.
The generic drugs companies in the US are selling fluconazole for a higher price than pharmaceutical company with headquarters in India in the international market.
In order for them to stay competitive they will need to review their price downward or customers will switch to the cheaper option
What can you say about the packaging of cell phones? Do you find them appealing? why or why not?
Total quality management focuses on ______. Group of answer choices kaizen instant rework continuous inspection frequent inspection
Answer: Kaizen
Explanation:
Kaizen is simply a term in Japanese which means continuous improvement. The philosophy states that the operations of a company should be continually improved.
Total quality management focuses on Kaizen. It continually seeks for improvement in the company's operations while involving the workers in the company.
Fiscal policy is Question 20 options: the money supply policy that the Fed pursues to achieve particular economic goals. the spending and tax policy that the government pursues to achieve particular macroeconomic goals. the investment policy that businesses pursue to achieve particular macroeconomic goals. the spending and saving policy that consumers pursue to achieve particular macroeconomic goals. none of the above
Answer:
the spending and tax policy that the government pursues to achieve particular macroeconomic goals.
Explanation:
Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.
A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.
Fiscal policy typically includes the spending and tax policy that a government pursues in order to achieve particular macroeconomic goals such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.
According to the Keynesian theory, government spending or expenditures should be increased and taxes should be lowered when faced with a recession, in order to create employment and boost the buying power of consumers.
Generally, an economy will return to its original level of output (production) and price level when the short-run aggregate supply curve falls (decreases) and no changes in monetary and fiscal policies are implemented.
The private equity firm Clarence Partners is looking at a leveraged buyout
opportunity on the Longo Trattoria restaurant chain. Longo today (Year O) has a
capital structure of 75% equity, 25% debt. Its free cash flow last year (FCFO) was
$1 Million and it is expected to grow at constant rate of 8% per year. All its assets
are operating assets. Its WACC equals 14%. If Clarence invests in the deal (it
would acquire 100% of the company), it plans to exit at the end of Year 5, at
which point Longo's capital structure will be 90% equity and only 10% debt, and
its enterprise value (EV) will be estimated at 20 times its FCF in Year 5 (FCF5). All
interim cash flows will be used to pay down debt. Clarence has a minimum 35%
IRR hurdle rate.
1. What is Longo's value of equity today?
2. What will be Longo's value of equity at the end of Year 5?
3. How much equity should Clarence invest today if it is to meet exactly its
hurdle rate?
4. How much debt should Clarence contract, in addition to its equity
investment, in order to close the deal with Longo today?
Answer:
I dont know
Explanation:
Just want the points
Blue Spruce Company is considering two new projects, each requiring an equipment investment of $101,800. Each project will last for three years and produce the following cash flows:
Year Cool Hot
1 $40,400 $44,400
2 45,400 44,400
3 50,400 44,400
136,200 $133,200
The equipment will have no salvage value at the end of its three-year life. Blue Spruce Company uses straight-line depreciation and requires a minimum rate of return of 12%.
Present value data are as follows:
Period 12%
1 0.89286
2 0.79719
3 0.71178
Present Value of an Annuity of 1
Period 12%
1 0.89286
2 1.69005
3 2.40183
Required:
Compute the net present value of each project.
Answer:
50,400 44,400
0.79719
1.69005
Answer:
1.00.87.3
Explanation: i dont know
If no page number or paragraph number is available when directly quoting from an electronic source, then the heading or section name along with the number of the paragraph within that section should be included.
a. True
b. False
Answer:
a. True
Explanation:
Plagiarism can be defined as the act of representing or using an author's work, ideas, thoughts, language, or expressions without their consent, acknowledgement or authorization.
This ultimately implies that, plagiarism is an illegal act of presenting another author's intellectual work or copyrighted items by using their ideas, thoughts, language or expressions, word for word without authorization or permission from the original author.
The four (4) common types of plagiarism are;
1. Copy and paste: this typically involves copying another author's work word for word and pasting it as yours without proper citation or reference with quotation marks.
2. Improper citation : this involves an author failing to provide an in-text reference or citation of the original author appropriately.
3. Find and replace: this typically involves an author finding some words to change (replace) in the original literary work.
4. Fabrication: this occur when an author makes up unverified or false data to use in his or her literary work.
Attribution can be defined as a process which typically involves the citation (reference) of an original source of information such as a quote, paraphrase or summary, using the author's full name and job title or position as the case may be.
Furthermore, if there is no page number or paragraph number when directly quoting from an electronic source, then one is permitted to use the heading or section name along with the number of the paragraph within that section.
Jasper makes a $84,000, 90-day, 7% cash loan to Clayborn Co. Jasper's entry to record the transaction should be:__________
a) Debit Notes Receivable for $84,000, credit Cash $84,000.
b) Debit Accounts Receivable $84,000, credit Notes Receivable $84,000.
c) Debit Cash $84,000, credit Notes Receivable for $84,000
d) Debit Notes Payable $84,000; credit Accounts Payable $84,000.
e) Debit Notes Receivable $84,000; credit Sales $84,000.
Answer:
a) Debit Notes Receivable for $84,000, credit Cash $84,000.
Explanation:
Based on the information given we were told that Jasper makes the amount of $84,000 which means that Jasper's appropriate journal entry to record the transaction should be:
Debit Notes Receivable $84,000
CreditCash $84,000
Suppose the price of a BMW falls. Explain the law of demand based on the income and substitution effects.
Answer:
According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
It is expected that when the price of a BMW falls, the quantity of cars demanded increases.
there are two effect in place that affect the demand for BMW.
They are :
the substitution effect the income effectThe substitution effect looks at the change in price of a good relative to other goods. When the price of a BMW falls, it becomes cheaper relative to other goods. As a result, consumers buy more of BMWs and less of other goods. This leads to a movement down along the demand curve for that good.
The income effect looks at how a change in price affects real disposable income. When the price the BMW decreases, real disposable income increases. As a result, consumers can afford to buy more BMW cars as the consumers purchasing power has increased, holding money income constant.
These two effects lead to an increase in the quantity of BMW demanded
Explanation: