Working with null values in a database can be tricky, as nulls represent missing or unknown data. It is essential to handle null values correctly to avoid unexpected results and errors in queries. By using the IS NULL operator in the WHERE clause, we can filter the rows that contain null values in a specific column. Testing expressions that involve nulls can also be useful in determining the presence or absence of data in a database.
To write a SELECT statement that returns the required columns from the Invoices table and filters the rows by null values in the payment_date column, we can use the following query:
SELECT invoice_number, invoice_date, invoice_total - payment_total - credit_total AS balance_due, payment_date
FROM Invoices
WHERE payment_date IS NULL;
This query selects the invoice_number, invoice_date, balance_due, and payment_date columns from the Invoices table. To calculate the balance_due column, we subtract the payment_total and credit_total columns from the invoice_total column. We then add a WHERE clause to filter the results by null values in the payment_date column.
The IS NULL operator is used to check if the value of the payment_date column is null. This returns all the rows where the payment_date column contains null values. In this case, the query retrieves 11 rows.
To know more about null values refer to
https://brainly.com/question/30462492
#SPJ11
A bank's reserve ratio is 8 percent and the bank has $1,000 in deposits. Its reserves amount to
Group of answer choices
$80
$920
$8
$92
The bank must hold $80 in reserve, and it can use the remaining $920 to make loans or invest in other assets. Option A.
The reserve ratio is the percentage of a bank's deposits that it is required to hold in reserve, either as cash in its vaults or as deposits at the central bank. In this scenario, the bank's reserve ratio is 8 percent, which means that the bank is required to hold 8 percent of its deposits in reserve
To calculate the amount of reserves that the bank is required to hold, we need to multiply its deposits by the reserve ratio. Therefore, the amount of reserves that the bank is required to hold is:
Reserves = Deposits x Reserve Ratio
Reserves = $1,000 x 0.08
Reserves = $80
Therefore, the correct answer is $80. The bank must hold $80 in reserve, and it can use the remaining $920 ($1,000 - $80) to make loans or invest in other assets.
So, option A is correct.
For more such questions on assets visit:
https://brainly.com/question/29482245
#SPJ11
Choose the false statement about the coverage under the Business owners Policy.
1. Products and completed operations coverage under the Commercial General Liability Coverage Forms will cover damage to the insured's products
2. Products and completed operations do not cover damage to the insured's product. It covers liability arising from its use.
The false statement about the coverage under the Business owners Policy is number 1 - Products and completed operations coverage under the Commercial General Liability Coverage Forms will cover damage to the insured's products. This is not true.
Products and completed operations coverage actually covers the liability arising from the use of the insured's products, not the damage to the products themselves. The coverage protects the business owner from claims arising from bodily injury or property damage caused by the products or completed work. It is important for business owners to understand the scope of their coverage to ensure that they have the appropriate level of protection for their business.
To learn more about business owners, visit: https://brainly.com/question/23282485
#SPJ11
Which one of these parties holds a marketable claim on a firm's assets? Multiple Choice Customers Employees Bondholders Internal Revenue Service State tax authorities
Bondholders hold a marketable claim on a firm's assets. Bondholders are the investors who have lent money to a company by purchasing its bonds. These bonds represent a debt obligation, and the company is required to pay the bondholders the principal amount and interest as agreed upon.
Therefore, bondholders have a marketable claim on the firm's assets, as they are legally entitled to be repaid from the company's assets in case of bankruptcy or liquidation. When a firm issues bonds, it is essentially borrowing money from investors. The bondholders are the creditors of the firm and have a legal claim to the assets of the firm if it fails to make payments on the bond. This claim is marketable, meaning it can be bought and sold on the open market. In the event of bankruptcy or liquidation, bondholders have a higher priority than shareholders or employees in receiving a portion of the firm's assets. Customers do not hold a claim on a firm's assets, and neither do the Internal Revenue Service or state tax authorities. Employees may have a claim on certain benefits or compensation owed to them, but not on the firm's assets as a whole.
To know more about Bondholders visit :
https://brainly.com/question/15208096
#SPJ11
the difference between the current market price of a target firm's shares and the price a potential acquirer offers to pay for those shares is known as an
The difference between the current market price of a target firm's shares and the price a potential acquirer offers to pay for those shares is known as a takeover premium.
This premium is the amount that the potential acquirer is willing to pay above the market price in order to acquire the target company. The takeover premium is usually offered in order to persuade the target firm's shareholders to accept the acquisition offer, and it is often seen as a way to compensate for the potential loss of control and management of the company.
The premium is typically based on the perceived value of the target company, its strategic fit with the acquirer, and the potential synergies that can be achieved through the acquisition. In some cases, the takeover premium can be quite substantial, particularly if the target company is highly sought after or if there is intense competition for its acquisition.
Overall, the takeover premium is an important factor to consider when evaluating acquisition offers and assessing the potential benefits and risks of an acquisition.
Learn more about market price here: https://brainly.com/question/30676308
#SPJ11
A landowner owned Blackacre in fee simple and conveyed Blackacre to a teacher by warranty deed. An adjoining owner asserted title to Blackacre and brought an appropriate action against the teacher to quiet title to Blackacre. The teacher demanded that the landowner defend the teacher's title under the deed's covenant of warranty, but the landowner refused. The teacher then successfully defended at her own expense. The teacher brought an appropriate action against the landowner to recover the teacher's expenses incurred in defending against the adjoining owner's action to quiet title to Blackacre.In this action, the court should decide for
The court should decide in favor of the teacher. Since the landowner conveyed Black Acre to the teacher by warranty deed, the landowner made a covenant of warranty, which means that the landowner guaranteed that the title to Black Acre was clear of any claims by third parties.
When the adjoining owner asserted title to Black Acre, the teacher had the right to demand that the landowner defend the teacher's title under the deed's covenant of warranty. However, since the landowner refused to do so, the teacher had to defend herself at her own expense. As a result, the teacher is entitled to recover her expenses incurred in defending against the adjoining owner's action to quiet title to Black acre from the landowner.
To know more about Black Acre visit:
https://brainly.com/question/24239744
#SPJ11
(255 invoices had shipment quantities that exceeded the amount ordered)
What audit consequences does this result have?
The product sold the most units in November?
(Quantity 750) Mow n Vac lawn vacuum
Does the answer in the last question make sense given the nature of yard work that happens in November/fall
The result that 255 invoices had shipment quantities that exceeded the amount ordered could indicate a control weakness in the inventory or shipment processes.
It may also suggest that there are errors or inaccuracies in the system that should be investigated. This result could prompt further audit procedures such as reviewing inventory records, interviewing employees, and testing internal controls.
The product that sold the most units in November was the Mow n Vac lawn vacuum with a quantity of 750 units. It is possible that this product was popular due to fall lawn care activities, such as raking leaves and cleaning up yards before winter. However, further analysis would be needed to confirm this hypothesis.
Given the nature of yard work in November and fall, it is plausible that the Mow n Vac lawn vacuum was a popular product during this time. However, it is also possible that other factors, such as pricing or marketing, influenced the high sales quantity.
To learn more about shipment processes, click here:
https://brainly.com/question/15867572
#SPJ11
The collection of a $1100 account beyond the 2 percent discount period will result in a debit to Cash for $1078. debit to Cash for $1100 debit to Accounts Receivable for $1100. debit to Sales Discounts for $22.
The collection of an $1100 account beyond the 2 percent discount period will result in an Option D. debit to Sales Discounts for $22.
This means that the company is reducing the amount of the discount that would have been given if the customer had paid on time. The $22 debit to Sales Discounts is the amount of the discount that the customer forfeited by not paying within the discount period.
To collect the outstanding balance of $1100, the company will need to make a debit entry to Accounts Receivable, which is an asset account that represents the amount of money that the company is owed by its customers. However, since the customer did not take advantage of the discount, the company will not credit Sales Discounts.
The company will also need to make a debit entry to Cash for $1078, which is the amount of money that the company will actually receive from the customer. This is because the company has already given up the $22 discount, so it will only receive $1078 instead of the full $1100.
In conclusion, when a customer does not take advantage of a discount and pays late, the company needs to make a debit entry to Sales Discounts for the amount of the forfeited discount and a debit entry to Accounts Receivable for the outstanding balance. The company will then receive a debit entry to Cash for the amount that the customer actually pays. Therefore, the correct option is D.
The question was incomplete, Find the full content below:
The collection of a $1100 account beyond the 2 percent discount period will result in a
A. debit to Cash for $1078.
B. debit to Cash for $1100
C. debit to Accounts Receivable for $1100.
D. debit to Sales Discounts for $22.
Know more about Discount period here:
https://brainly.com/question/28414319
#SPJ11
Consider the following table for a seven-year period: Retuns U.S. Treasury Bills Inflation -1.13% -2.27 Year 3.35% 3.20 4.10 4.52 2.32 1.20 2 6.41 -9.33 93 What was the average real return for Treasury bills for this time period? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Average real return
The average real return for Treasury bills for this time period was 17.67%.
To calculate the average real return for Treasury bills, we need to subtract the average inflation rate from the average return rate.
First, let's calculate the average return rate
(3.35 + 4.10 + 2.32 + 6.41 + (-1.13) + 93)/7 = 16.93
Next, let's calculate the average inflation rate
(-2.27 + 3.20 + 4.52 + 1.20 + (-9.33))/5 = -0.74
Finally, let's subtract the average inflation rate from the average return rate to get the average real return
16.93 - (-0.74) = 17.67%
To know more about average real return here
https://brainly.com/question/20630294
#SPJ4
Advertising that falls after or around ____________ in news media broadcasts is generally more expensive than that around other news pieces, meaning that news corporations make more money off of such pieces.
Advertising that falls after or around "prime time" news media broadcasts is generally more expensive than that around other news pieces, meaning that news corporations make more money off of such pieces.
Prime time typically refers to the hours when most people are watching television, which is usually in the evening between 7 pm and 10 pm.The reason why advertising during prime time news broadcasts is more expensive is that it reaches a larger and more diverse audience. News broadcasts during prime time typically attract a significant number of viewers who are interested in current events and are considered a valuable target audience for advertisers.
As a result, news corporations charge higher rates for advertising during this time period.Overall, the high demand for advertising during prime time news broadcasts enables news corporations to charge higher rates and generate more revenue, making it a more profitable time for advertising.
To know more about advertising click here
brainly.com/question/3163475
#SPJ11
Consistent with ASC 842, accounting for assets and liabilities associated with a long-term operating leases is identical to accounting for financing leases.
True OR False?
False, Under ASC 842, accounting for assets and liabilities associated with long-term operating leases is different from accounting for financing leases. In operating leases, the lessee records the lease expense on a straight-line basis, while in financing leases, the lessee records interest expense and depreciation separately.
While there are similarities in the accounting treatment for operating and financing leases under ASC 842, they are not identical. Both types of leases require recognition of a right-of-use asset and a lease liability on the balance sheet. However, the determination of lease terms, discount rates, and initial recognition of the asset and liability may differ between the two types of leases. Additionally, the income statement treatment for operating and financing leases is different, with operating leases generally resulting in a straight-line expense and financing leases resulting in interest and amortization expenses.
Learn more about amortization expenses: https://brainly.com/question/31977424
#SPJ11
1.) Using tne line arawing tooi, depict the etect of a drougnt in idano on the market tor trencn tnes. Draw either Market for French Fries a shift in the supply curve or the demand curve for french fries. Label your curve 2.) Using the point drawing tool, depict the new equilibrium price and quantity. Label your point 'A Carefully follow the instructions above and only draw the required objects. An appendectomy is an operation to have your appendix removed. People who need an appendectomy will pay any price for the operation. Suppose that the demand curve for appendectomies is vertical. There is a technological breakthrough that allows surgeons to perform appendectomies at a much lower cost. 1.) Using the line drawing tool, depict the effect of the technological breakthrough on the market for appendectomies. Draw either a shift in the supply curve or the demand curve for appendectomies. Label your P(S) curve 2.) Using the point drawing tool, depict the new equilibrium price and quantity. Label your point 'A Carefully follow the instructions above and only draw the required objects.
To depict the effect of a drought in Idaho on the market for French fries, we can use a line drawing tool to create a graph representing the supply and demand curves. Since the drought would reduce the supply of potatoes (the main ingredient for French fries), we need to show a shift in the supply curve.
Draw the initial supply curve (labeled S1) and the demand curve (labeled D). Then draw a new supply curve to the left of the initial supply curve (labeled S2) to represent the decrease in supply due to the drought.To show the new equilibrium price and quantity for French fries, identify the point where the new supply curve (S2) intersects with the demand curve (D) and label it point 'A'. This point represents the new equilibrium price and quantity.
In the case of appendectomies:
To depict the effect of a technological breakthrough on the market for appendectomies, use a line drawing tool to create a graph representing the supply and demand curves. Since the demand curve for appendectomies is vertical, draw a vertical demand curve (labeled D). Draw the initial supply curve (labeled S1). The technological breakthrough allows surgeons to perform appendectomies at a much lower cost, so the supply would increase.
To know more about Drought visit:-
https://brainly.com/question/30498739
#SPJ11
.Suppose Ana has a yearly budget of $120 to spend on milk and yogurt. Milk is priced at $2 per gallon, and yogurt is priced at $6 per container.
If Ana spends his entire $120 on milk, he can buy _____ gallons of milk. If he spends his entire $120 on yogurt, he can buy _____ containers of yogurt.
Plot Ana's budget constraint and shade the area that represents combinations of milk and yogurt that are affordable for Ana. Place a black point on the point on Ana's budget constraint that corresponds to a scenario in which Ana spends $60 on each good.
What does the slop of Ana's budget constraint represent?
a. The cost of an additional container of yogurt in terms of dollars.
b. The cost of an additional gallon of milk in terms of dollars.
c. The opportunity cost of an additional container of yogurt in terms of gallons of milk.
d. The opportunity cost of an additional gallon of milk in terms of containers of yogurt.
Suppose Ana receives $120 from his grandmother and decides to dedicate this money to buy more milk and yogurt. Draw Ana's new budget constraint.
True or false: Ana faces the same tradeoff between milk and yogurt.
If Ana spends his entire $120 on milk, he can buy 60 gallons of milk. If he spends his entire $120 on yogurt, he can buy 20 containers of yogurt.
To calculate how much milk or yogurt Ana can buy, we need to divide his budget by the price of each item. So, $120 divided by $2 per gallon of milk equals 60 gallons of milk, and $120 divided by $6 per container of yogurt equals 20 containers of yogurt. To plot Ana's budget constraint, we can draw a straight line connecting the points (0,20) and (60,0) on a graph, where the x-axis represents the number of gallons of milk and the y-axis represents the number of containers of yogurt. The shaded area below the line represents the combinations of milk and yogurt that are affordable for Ana.If Ana spends $60 on each good, the corresponding point on the budget constraint would be (30,10), where Ana can buy 30 gallons of milk and 10 containers of yogurt.
If Ana receives an additional $120 from his grandmother, his new budget constraint would shift outwards, parallel to the original budget constraint. The new budget constraint would be represented by a straight line connecting the points (0,40) and (80,0). This means that Ana can now afford to buy more of both milk and yogurt. True or false: Ana faces the same tradeoff between milk and yogurt. False. Ana's tradeoff between milk and yogurt depends on the prices of the goods and his budget. If the prices of milk and yogurt change, or if Ana's budget changes, his tradeoff between the two goods will also change. In this case, Ana's tradeoff would change if the prices of milk and yogurt or his budget were to change.
To know more about gallons visit:
https://brainly.com/question/29992015
#SPJ11
baker is single and earned $225,000 of salary as an employee in 2021. how much should his employer have withheld from his paycheck for fica taxes? $12,117 $12,341 $17,213 $10,924
To determine how much Baker's employer should have withheld from his paycheck for FICA taxes in 2021, we need to consider both Social Security and Medicare taxes. Here's a step-by-step explanation:
1. Social Security tax: In 2021, the Social Security tax rate is 6.2% on earned income up to $142,800. Since Baker's salary is $225,000, which exceeds the maximum taxable earnings, only the first $142,800 will be subject to Social Security tax. Calculate the Social Security tax as follows:
$142,800 * 0.062 = $8,853.60
2. Medicare tax: In 2021, the Medicare tax rate is 1.45% on all earned income. Calculate the Medicare tax as follows:
$225,000 * 0.0145 = $3,262.50
3. Additional Medicare tax: Since Baker's salary exceeds the threshold of $200,000 for single filers, an additional Medicare tax of 0.9% is applicable on the excess income. Calculate the additional Medicare tax as follows:
($225,000 - $200,000) * 0.009 = $225
4. Add up all the taxes to find the total FICA tax withholding:
$8,853.60 (Social Security tax) + $3,262.50 (Medicare tax) + $225 (Additional Medicare tax) = $12,341
So, Baker's employer should have withheld $12,341 for FICA taxes in 2021. Your answer: Baker's employer should have withheld $12,341 from his paycheck for FICA taxes in 2021.
Know more about FICA Tax here:
https://brainly.com/question/17276403
#SPJ11
If the sales price per unit increases because of competition but the cost structure remains the same the degree of combined leverage rises All of the options are true. the breakeven point declines the degree of financial leverage rises
If the sales price per unit increases because of competition but the cost structure remains the same, then the degree of combined leverage rises. This means that the company's fixed costs remain the same, but its sales revenue is increasing. Therefore, the company's operating leverage is increasing, resulting in higher combined leverage.
In this scenario, the company's breakeven point would decline because the increase in sales price per unit means that fewer units would need to be sold to cover the fixed costs. This would improve the company's profitability and increase its degree of financial leverage, as the company would be earning more profit for each dollar of debt it has.
However, it is important to note that an increase in competition can also lead to a decrease in sales volume, which could negatively impact the company's overall financial performance. Therefore, it is important for companies to have a strong competitive advantage and adapt to changes in the market to maintain profitability and sustainable growth.
Overall, an increase in sales price per unit due to competition can have both positive and negative effects on a company's financial leverage, depending on how it affects the company's sales volume and profitability.
To know more about Fixed Cost visit :
https://brainly.com/question/31041508
#SPJ11
Prove that for any profile P, let WMG(P) denote the weighted majority graph. Prove that one of the following two cases must hold: (1) weights on all edges of in WMG(P) are even numbers; or (2) weights on all edges of in WMG(P) are odd numbers.
Either all the edge weights in WMG(P) are even numbers, or they are all odd numbers.
In a weighted majority graph, each vertex represents a subset of voters who agree on a particular candidate, and each edge represents the number of voters who differ between the two subsets that it connects.
In the case where the number of voters is odd, the edge weight will be an even number, because if the edge weight is an odd number, then the sum of the weights of the edges connected to a particular vertex will be an even number, which contradicts the fact that the number of voters is odd. Similarly, in the case where the number of voters is even, the edge weight will be an odd number.
Therefore, since each vertex in WMG(P) represents a subset of voters who agree on a particular candidate, and the number of voters in each subset is either odd or even, it follows that either all the edge weights in WMG(P) are even numbers, or they are all odd numbers.
For more questions like Number click the link below:
https://brainly.com/question/17429689
#SPJ11
carly buys a salad for $10. the opportunity cost of the salad is
Carly buys a salad for $10. The opportunity cost of the salad is: the next best use of the $10. The correct option is B.
The opportunity cost of Carly buying a salad for $10 can be defined as the value of the next best alternative that she could have chosen instead. In this case, the opportunity cost of the salad is option B - the next best use of the $10.
This is because opportunity cost represents the benefits that Carly might have received by choosing another option with her $10, but gave up when she decided to purchase the salad. It is an essential concept in economics and decision-making, as it helps individuals understand the trade-offs they face when allocating their resources. The correct option is B.
To know more about opportunity cost, refer here:
https://brainly.com/question/12121515#
#SPJ11
Complete question:
Carly buys a salad for $10. The opportunity cost of the salad is:
A - $20
B - the next best use of the $10.
C - The sum of all other goods Carly likes that cost $10.
D - Nothing because Carly made a rational decision when she purchased the sandwich.
The greater the amount of price discrimination a monopolist engages in relative to a single price monopoly, the
A.
lower the consumer surplus.
B.
higher the producer surplus.
C.
higher the deadweight loss.
D.
All of the above.
The greater the amount of price discrimination a monopolist engages in relative to a single price monopoly, the higher the producer surplus, lower the consumer surplus, and higher the deadweight loss.
Price discrimination is a pricing strategy in which a monopolist charges different prices to different customers for the same product or service. When a monopolist engages in price discrimination, it can increase its profits by charging higher prices to customers with a higher willingness to pay, while still capturing some of the consumer surplus from customers with a lower willingness to pay.
Learn more about monopoly here:
https://brainly.com/question/27988306
#SPJ11
caddie manufacturing has a target debt-equity ratio of .75. its cost of equity is 10 percent, and its pretax cost of debt is 6 percent. if the tax rate is 22 percent, what is the company’s wacc?
Caddie Manufacturing's WACC is 6.88%. This represents the minimum rate of return that the company needs to earn on its investments to create value for its shareholders.
To calculate the Weighted Average Cost of Capital (WACC) for Caddie Manufacturing, we need to take into account both the cost of debt and the cost of equity, weighted by their respective proportions in the company's capital structure. First, we need to calculate the proportion of debt and equity in the company's capital structure based on the target debt-equity ratio of 0.75. This means that for every dollar of equity, the company has 0.75 dollars of debt. Therefore, the proportion of equity in the capital structure is 1 / (1 + 0.75) = 0.4, and the proportion of debt is 0.6. Next, we can calculate the cost of equity using the capital asset pricing model (CAPM) as follows: Cost of Equity = Risk-Free Rate + Beta * Equity Risk Premium. Assuming a risk-free rate of 2.5%, a beta of 1.2, and an equity risk premium of 7%, we get a cost of equity of 10.9%. To calculate the after-tax cost of debt, we need to adjust the pretax cost of debt of 6% by the tax savings due to the tax deductibility of interest payments. With a tax rate of 22%, the after-tax cost of debt is 4.68% (6% * (1 - 0.22)).Finally, we can calculate the WACC as follows: WACC = Proportion of Equity * Cost of Equity + Proportion of Debt * After-Tax Cost of Debt = 0.4 * 10.9% + 0.6 * 4.68% = 6.88%. Therefore, Caddie Manufacturing's WACC is 6.88%. This represents the minimum rate of return that the company needs to earn on its investments to create value for its shareholders.
For more such questions on investments
https://brainly.com/question/30700847
#SPJ11
Q1. A fellow graduate tells you he made a mistake on the project. He would like to ask for your advice before confessing his manager. At the same time, another graduate overhears the talk. They ask why the error occured on what should have been a project.
What is the best sollution for you? Also choose the least sollution .
1. say that you agree with the other graduate's proposal. The error could have been easily avoided.
2. Try to remain impartial, but permit your collegue know he can come and talk to you later.
3. kindly ask the other graduate for some space so that you are able to talk privately with your collegue.
The best solution in this situation is option 3, kindly ask the other graduate for some space so that you can talk privately with your colleague, hence option 3) is correct
The best solution in this situation is option 3, kindly ask the other graduate for some space so that you can talk privately with your colleague. This approach allows you to address your colleague's concern and offer advice without involving others or potentially damaging your colleague's reputation. It is important to create a safe space for your colleague to discuss the issue and provide support while not compromising the integrity of the project. You can also encourage your colleague to take responsibility for the error and approach the manager with a plan for rectifying the mistake.
Option 1 is not recommended because it does not provide constructive advice or support for your colleague. It may also be perceived as taking sides, which can cause tension among team members.
Option 2 is a neutral approach, but it does not address the issue or provide any guidance for your colleague. It may also be interpreted as avoiding the problem, which can damage your relationship with your colleague.
Overall, it is important to handle this situation with empathy, professionalism, and a focus on resolving the issue and preventing future mistakes. Therefore option 3) is correct.
For more such questions on graduate
https://brainly.com/question/30611206
#SPJ11
if the r-squared value is low, then using ols equation is very easy to predict individual future outcomes on y given a set of values for the explanatory variables. a. true b. false
False. A low R-squared value indicates that the model is not explaining much of the variation in the dependent variable, and therefore, it may not be reliable to predict individual future outcomes on Y. The predictions may have a higher degree of error, which makes it harder to make accurate predictions.
However, using the OLS equation is still possible, but it may not be very useful in predicting future outcomes.
Your question is whether it is true or false that if the R-squared value is low, then using the OLS (Ordinary Least Squares) equation is very easy to predict individual future outcomes on Y given a set of values for the explanatory variables.
A low R-squared value indicates a weak relationship between the independent (explanatory) variables and the dependent variable (Y), meaning that the OLS equation will not be very accurate in predicting individual future outcomes. In other words, the model does not fit the data well, and using it to predict future outcomes may not yield reliable results.
To know more about R-squared visit:-
https://brainly.com/question/31383415
#SPJ11
Simon's hot chicken purchased its building seven years ago at a price of $141,150. the building could be sold for $180,750 today. the company spent $66,950 on other fixed assets that could be sold for $59,450. the company has accumulated depreciation of $81,750 on its fixed assets. the company has current liabilities of $37,700 and net working capital of $19,250.
required:
what is the ending book value of net fixed assets?
The ending book value of net fixed assets for Simon's Hot Chicken is $126,350, calculated by subtracting the accumulated depreciation from the initial cost of fixed assets .
To calculate the ending book value of net fixed assets, we need to subtract the accumulated depreciation from the initial cost of fixed assets. The initial cost of the building is $141,150, and the accumulated depreciation on fixed assets is $81,750. Thus, the ending book value of the building is $141,150 - $81,750 = $59,400.
The other fixed assets cost $66,950, and the accumulated depreciation is not provided for these assets. However, we are given that these assets could be sold for $59,450. Since the accumulated depreciation is not specified, we assume it to be zero. Therefore, the ending book value of the other fixed assets is $66,950 - $0 = $66,950.
To find the ending book value of net fixed assets, we sum up the book values of the building and other fixed assets: $59,400 + $66,950 = $126,350. Therefore, the ending book value of net fixed assets for Simon's Hot Chicken is $126,350.
Learn more about accumulated depreciation here:
https://brainly.com/question/28139636
#SPJ11
If 900 dollars is invested at an annual interest rate compounded monthly; the amount in the account at the end of 5 years is given by A = 900 ( 2)" Find the rate of change of the amount A with respect to the rate for the following values of r: r = 4.5 percent: r = 6.5 percent:
The rate of change of A with respect to the rate r when r = 6.5% is 6.22 with higher rate of interest.
The rate of change of A with respect to the rate r increases as the interest rate increases. This is because the higher the interest rate, the faster the balance grows and the larger the impact of a change in the interest rate on the balance.
The given formula for the amount in the account at the end of 5 years is A = 900(2)^n, where n is the number of compounding periods in 5 years, which is 60 since interest is compounded monthly.
We can use the chain rule of differentiation to find the rate of change of A with respect to the rate r.
Let u = 2^(nr/1200), then A = 900u.
Taking the derivative of A with respect to r, we get:
dA/dr = dA/du * du/dr
dA/du = 900
du/dr = (n/1200) * 2^(nr/1200) * ln(2)
Substituting the values of n, r, and ln(2), we get:
For r = 4.5%: du/dr = 0.004688
dA/dr = 900 * 0.004688 = 4.22
Therefore, the rate of change of A with respect to the rate r when r = 4.5% is 4.22.
For r = 6.5%: du/dr = 0.006914
dA/dr = 900 * 0.006914 = 6.22
Therefore, the rate of change of A with respect to the rate r when r = 6.5% is 6.22.
For more such questions on interest
https://brainly.com/question/30500391
#SPJ11
If a company has preferred stock, it must pay the dividends on the preferred even if it shows no profit for the year.
True
False
True. A company with preferred stock must pay dividends on the preferred stock even if it shows no profit for the year. This is because preferred stock dividends have priority over common stock dividends, and the payment is usually a fixed amount regardless of the company's financial performance.
Preferred stockholders are entitled to receive dividends before common stockholders, and their dividends are usually fixed or determined as a percentage of the par value of the preferred stock. This means that even if the company does not generate a profit in a particular year, it must still pay the preferred dividends. Failing to do so could result in default and legal consequences for the company.
Learn more about common stock dividends: https://brainly.com/question/30001032
#SPJ11
1. Stock certificate More Info 2. Preemptive right 3. Authorized stock 4. Preferred stock a. The maximum number of shares of stock that the corporate charter allows the corporation to issue. 5. Paid-in capital Stock that gives its owners certain advantages over common stockholders. b. c. Stockholders' right to maintain their proportionate ownership in the corporation. d. Represents amounts received from stockholders of a corporation in exchange for stock. Paper evidence of ownership in a corporation e. Print Done 6. Jackson Corporation has two classes of stock: Common, $2 par value; and Preferred, last line of the journal entry table.) par value. Joumalize the issuance f 20,000 shares of common stock for S7 per share. (Record debits first, then credits. Select the explanation on the Date Accounts and Explanations Debit Credit
Journal entry reflects the specific transaction of issuing 20,000 shares of common stock for $7 per share.
Based on the information provided, let's journalize the issuance of 20,000 shares of common stock for $7 per share for Jackson Corporation:
Date Accounts and Explanations Debit Credit
[Date] Common Stock ($2 par value) $40,000
Paid-in Capital in Excess
of Par - Common Stock $80,000
Cash $140,000
Common Stock ($2 par value): Debit the Common Stock account for the par value per share multiplied by the number of shares issued. In this case, it's $2 x 20,000 shares = $40,000.
Paid-in Capital in Excess of Par - Common Stock: Credit the Paid-in Capital in Excess of Par - Common Stock account for the excess amount received over the par value. Here, it's ($7 - $2) x 20,000 shares = $5 x 20,000 = $80,000.
Cash: Credit the Cash account for the total amount received from the issuance of the shares, which is $7 x 20,000 = $140,000.
Please note that this journal entry reflects the specific transaction of issuing 20,000 shares of common stock for $7 per share.
Learn more about transaction
https://brainly.com/question/24730931
#SPJ4
Recommend one forecasting technique that would be appropriate to prepare a forecast given the following situational characteristics*:
a) You have 10 years of quarterly data •
b) There is an upward trend to the data • Holts’
c) There is a significant increase in sales prior to Christmas each year • Winters’
d) A one-year forecast is needed • Delphi
e) You, as the preparer of the forecast, have good technical skills •
One forecasting technique that would be appropriate to prepare a forecast in the given situational characteristics is Holts's linear exponential smoothing method.
This technique is appropriate when there is a trend in the data, and it uses past data to forecast future values. Holts' method is a variation of the simple exponential smoothing method that takes into account the trend in the data. The method generates a smoothed forecast by using two smoothing constants: one for the level of the data and one for the trend.
Since the data has an upward trend, Holts' method would be a good choice to capture this trend and generate an accurate forecast. Additionally, since the preparer of the forecast has good technical skills, they should be able to implement this method effectively.
Learn more about Forecast: https://brainly.com/question/29726697
#SPJ11
The following information is from the records of Armadillo Camera Shop:
Accounts receivable, December 31, 2017
$81,000 (debit)
Net credit sales for 2017
160,000
Accounts written off as uncollectible during 2017
17,000
Cash sales during 2017 41,000
The company uses the direct writeminus−off method for bad debts. What is the amount of bad debts expense?
A. $62,000
B. $41,000
C. $17,000
D. $81,000
The company uses the direct writeminus−off method for bad debts, the amount of bad debts expense: $17,000. The correct option is C.
To find the amount of bad debts expense, we first need to calculate the total credit sales made during 2017. We can do this by subtracting the cash sales ($41,000) from the net credit sales ($160,000), which gives us a total credit sales of $119,000 ($160,000 - $41,000).
Next, we need to determine the amount of accounts receivable that were written off as uncollectible during 2017. The question states that $17,000 of accounts were written off, which means that $17,000 of the accounts receivable balance at the end of the year (December 31, 2017) is no longer collectible.
Using the direct write-off method, bad debts expense is recognized when an account is written off as uncollectible. Therefore, the amount of bad debts expense for the year is equal to the amount of accounts written off, which is $17,000. Therefore, the correct answer is option C - $17,000.
To know more about bad debts, refer here:
https://brainly.com/question/18721587#
#SPJ11
Waleed wants to buy stock in a large personal care products corporation. He doesn't have time to attend any meetings, and he doesn't have any interest in having a say in how the company is run. However, he does want to receive dividend payments before anyone else. What type of stock should he buy?
Waleed should consider purchasing preferred stock in the personal care products corporation to receive dividend payments before other shareholders without the need for active involvement in the company's decision-making process.
Preferred stock is a type of stock that provides certain advantages to shareholders, such as priority dividend payments and a fixed dividend rate. Unlike common stockholders, who have voting rights and a say in company affairs, preferred stockholders typically do not have voting privileges or the ability to participate in corporate meetings. However, they receive dividends before common stockholders and have a higher claim on company assets in the event of liquidation.
By investing in preferred stock, Waleed can prioritize receiving dividend payments over common stockholders. This aligns with his desire to earn dividends without actively participating in the company's management or attending meetings. Preferred stock is an attractive option for investors who prioritize consistent income from dividends and are less interested in being involved in the decision-making processes of the corporation. Waleed can benefit from this type of stock as it offers a fixed dividend rate and a higher likelihood of receiving dividend payments before common stockholders.
Learn more about stockholders here:
https://brainly.com/question/30397975
#SPJ11
T/F assuming there is a valid offer and acceptance, a promise to pay a nickel in exchange for a car would serve as consideration.
The statement: assuming there is a valid offer and acceptance, a promise to pay a nickel in exchange for a car would serve as consideration is FALSE because consideration is a fundamental element of a valid contract.
A promise to pay a nominal consideration like a nickel would generally not be considered sufficient consideration for a car, as it lacks the required exchange of value that characterizes a binding contract.
To be enforceable, a contract must involve the exchange of consideration between the parties, meaning that each party must give up something of value or incur some legal obligation in exchange for what they receive under the contract.
In the case of a car, the seller would typically expect to receive a significantly larger amount of consideration, such as money or something else of comparable value, in exchange for transferring ownership of the vehicle. A promise to pay a trivial amount like a nickel in exchange for such a valuable asset would not be considered legally binding in most circumstances.
To know more about valid contract, refer here:
https://brainly.com/question/6491012#
#SPJ11
since international logistics may contribute to a nation's ________, it directly increases a nation's ___________.
International logistics can contribute to a nation's economic growth, as it enables the efficient movement of goods and services across borders. By facilitating the international trade of goods, logistics services help countries to increase their exports and generate revenue. Additionally, logistics can also aid in the reduction of production costs, which can make a country's goods more competitive in the global market. As a result, international logistics directly increases a nation's trade volume, which can lead to increased economic activity and prosperity.
Moreover, logistics services also create jobs and stimulate other industries, such as transportation and warehousing, which further contribute to a nation's economic development. Therefore, it is clear that international logistics plays a crucial role in boosting a country's economy and overall growth.
Since international logistics may contribute to a nation's economic growth, it directly increases a nation's competitiveness.
To know more about International logistics visit:-
https://brainly.com/question/31635434
#SPJ11
The proportion of the variance in the dependent variable that is predicted from the independent variable is _____.
Multiple Choice
a. the coefficient of determination
b. confidence level
c. goodness of fit
d. None of these choices is correct.
e. prediction band
The proportion of the variance in the dependent variable that is predicted from the independent variable is the coefficient of determination.
The coefficient of determination, also known as R-squared, is a statistical measure that represents the proportion of the variance in the dependent variable that is predicted from the independent variable. It ranges from 0 to 1, where 0 indicates no correlation between the variables and 1 indicates a perfect correlation. Therefore, option a, the coefficient of determination, is the correct answer to this question. The confidence level is a measure of the certainty or probability that a result falls within a certain range, while the goodness of fit is a measure of how well the observed data fits with the expected values. A prediction band is a graphical representation of the range of possible values for a predicted outcome. Option d, None of these choices is correct, is incorrect as the correct answer is option a.
Learn more about independent variable: https://brainly.com/question/1479694
#SPJ11