Answer:
FV= $4,520.14
Explanation:
Giving the following information:
Face value= $51
Number of years= 2061 - 1952= 109
Appreciation rate= 4.2%= 0.042
To calculate the future value of the coins, we need to use the following formula:
FV= PV*(1+i)^n
FV= 51*(1.042^109)
FV= $4,520.14
Divine Apparel has 2,300 shares of common stock outstanding. On October 1, the company declares a $0.25 per share dividend to stockholders of record on October 15. The dividend is paid on October 31.
Record all transactions on the appropriate dates for cash dividends. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
1. Record the declaration of cash dividends.
2. Record the entry on date of record.
3. Record the payment of cash dividends.
Answer:
1. Record the declaration of cash dividends.
October 1, cash dividends are declared.
Dr Retained earnings 575
Cr Dividends payable 575
A liability is formed on the date of declaration.
2. Record the entry on date of record.
No journal entry is required
3. Record the payment of cash dividends.
October 31, dividends are paid.
Dr Dividends payable 575
Cr Cash 575
The RTP Corporation has the following call option information. You are interested in purchasing four contracts for the July Call. How much will be the cost of the transactio?
RTP (RTP) Stock Price $100 Call
Expiration Strike Last Volume Open Interest
June 90 4 120 400July 90 4.50 40 200Aug 90 6 70 600
Answer: $1,800
Explanation:
The Cost of Transaction for purchasing contracts is calculated by the formula;
= Option Premium per Call * Lot Size * No. of contracts
When the Lot size is not specified, always use 100.
The Option Premium per call is $4.50.
Number of contracts required for July is potentially 4;
= 4.5 * 100 * 4
= $1,800
Suppose that during the past year, the price of a laptop computer fell from $2,500 to $2,300. During the same time period, consumer sales increased from 403,000 to 549,000 laptops. Calculate the elasticity of demand between these two price-quantity combinations by using the following steps.
original new Average Change Percentage
Quantity
Price
Answer:
Elasticity of Demand = 4.5
Demand is very elastic, because a small percentage change in price brought about a bigger percentage change in quantity demanded.
Explanation:
Data and Calculations:
Original Average New Average Change Percentage
Quantity 403,000 549,000 +146,000 36.23%
Price $2,500 $2,300 -$200 8%
b) Elasticity of demand: The elasticity of demand is calculated by dividing the % change in quantity by the % change in price which brought it about.
Percentage change in Quantity/Percentage change in price
= 36.23%/8% = 4.5
c) The elasticity of demand is the responsiveness of demand (consumers) to a change in price. If the responsiveness is less than 1, then demand is inelastic. If it is equal to 1, then demand elasticity is unitary. If it is more than 1, then demand is elastic.
Decision, since Elasticity is more than 1, the demand is very elastic.
We have the following data for a hypothetical open economy: GNP = $12 comma 00012,000 Consumption (C) = $7 comma 2007,200 Investment (I) = $1 comma 0001,000 Government Purchases (G) = $1 comma 6001,600 Tax Collections (T) = $1 comma 2001,200 What is the value of private savings plus public savings? $nothing (Enter your answer as an integer. Include a minus sign if necessary.) What is the value of the current account balance CA? $nothing (Enter your answer as an integer. Include a minus sign if necessary.)
Answer:
The value of private savings plus public savings is $3,200
The value of the current account balance CA is $2,200
Explanation:
In order to calculate the value of private savings plus public savings we would have to make the following calculation:
Total saving = private saving+public saving
Total saving =GNP-Tax Collections-Consumption+Tax Collections-Government Purchases
Total saving =$12,000-$1,200-$7,200+$1,200-$1,600
Total saving =$3,200
To calculate the value of the current account balance CA we would have to make the following calculation:
value of the current account balance CA=GNP-Consumption-Investment-Government Purchases
value of the current account balance CA= $12,000 - $7,200 -$1,000-$1,600
value of the current account balance CA= $2,200
Granfield Company has a piece of manufacturing equipment with a book value of $45,000 and a remaining useful life of four years. At the end of the four years the equipment will have a zero salvage value. The market value of the equipment is currently $23,000. Granfield can purchase a new machine for $130,000 and receive $23,000 in return for trading in its old machine. The new machine will reduce variable manufacturing costs by $20,000 per year over the four-year life of the new machine. The total increase or decrease in net income by replacing the current machine with the new machine (ignoring the time value of money) is:
Answer:
i think the answer is 115
Explanation:
if you add 45.000+23.000+23.000+20.000+4 =115 there your answer
thank you i love to help people i am only a 7th grade almost 8th grader
Under Variable costing, fixed expenses: Select one: a. Are subtracted from sales to arrive at the contribution margin b. Are subtracted from sales to arrive at the gross profit c. Are expensed in the current period d. A and C
Answer:
The answer is C. Are expensed in the current period
Explanation:
Under variable costing, fixed expenses is treated as a period cost and is expensed in the current period's income statement.
Option A is incorrect because variable cost and not fixed cost cost are subtracted from sales to arrive at contribution margin
Option B is also incorrect because cost of sales and not fixed cost/expenses are subtracted from sales to arrive at gross profit.
It is ethical for Joe Martin, the Chief Design Engineer, to be concerned that the design specifications set by management for the new plant have safety standards well below those for similar plants in his home country since local safety regulations do not address his concerns.
a. True
b. False
A mandatory seatbelt law ends up raising the number of traffic fatalities if it lowers fatalities per accident from 0.10 to 0.07 while raising the number of accidents per period from 35,000 to any more than:_______
Answer: 50,000
Explanation:
The question shows that at the current number of accident per period which is 35,000, 0.1 fatalities are recorded.
If the new seat belt law reduces the fatality rate from 0.1 to 0.07, how many accidents would have to occur for the new law to match the previous fatality rate given the previous number of accidents.
Let the new number of accidents be x;
35,000 * 0.1 = 0.07 * x
3,500 = 0.07x
x = 3,500/0.07
= 50,000
At 50,000 accidents, the new law will cause the same amount of fatalities than before. Anything more than 50,000 would lead to more fatalities than before.
A company operates in a perfectly competitive market, selling each unit of output for a price of $20 and paying the market wage of $360 per day for each worker it hires. In the following table, complete the column for the marginal revenue product of labor (MRP) at each quantity of workers.
Labor Output Marginal Product of Labor Marginal Revenue Product of Labor
(Number of workers) (Units of output) (Units of output) (Dollars)
0 0 - -
1 20 20
2 39 19
3 57 18
4 72 15
5 84 12
Answer: The answer is given below
Explanation:
The marginal revenue product of labor (MRPL) is an additional amount of revenue that a firm will make when it hires one additional employee. The formula and r calculating
MRPL = marginal product of labour x marginal revenue.
It should be noted that P = MC = MR. Therefore marginal revenue will be $20.
Therefore when:
MPPL = 0
MRPL = 0 × 20 = 0
MPPL = 20
MRPL = 20 ×20 = 400
MPPL = 19
MRPL = 19 × 20 = 380
MPPL = 18
MRPL = 18 × 20 = 360
MPPL = 15
MRPL = 15 × 20 = 300
MPPL = 12
MRPL = 12 × 20 = 240
Check the attached file for the table.
The completion of the column for the marginal revenue product of labor (MRP) is as follows:
Labor (Number of Output Marginal Product of Value of the
workers) (Units of output) Labor (Units of output) Marginal Product
of Labor (Dollars)
1 20 20 $400 (20 x $20)
2 39 19 $380 (19 x $20)
3 57 18 $360 (18 x $20)
4 72 15 $300 (15 x $20)
5 84 12 $240 (12 x $20)
The marginal revenue product of labor (MRPL) shows the additional amount of revenue the firm generates when it adds one additional employee to its labor force. It is the product from the multiplication of the marginal product of labor by the selling price of output.
Thus, according to the law of Marginal Revenue Product of Labor, the company will demand more labor until its MRPL equals the wage rate, that is at $360.
Learn more: https://brainly.com/question/17009411
Baldwin Corp. ended the year carrying $21,580,000 worth of inventory. Had they sold their entire inventory at their current prices, how many more dollars of contribution margin would it have brought to Baldwin Corp.?
Explanation:
The given question cannot be answered as little information is provided. However it shall be an amount if $21,580,000. For, complete analysis we need to understand the current prices and various other variable costs. We know that the contribution margin is the Sale Price (SP) minus the Variable Cost (VC). It is the number of sales per unit that will be available to service fixed expenses and to generate the profit.
Therefore, to determine a more detailed answers more inputs are needed.
Which of the following would a defender of globalization most likely use as an example to argue that concerns of Americanization are overblown and that globalization is indeed a two-way street?
A) the view of McDonald's being a domestic brand in China
B) the growing popularity of coffee in China since the introduction of Starbucks
C) the growing number of IKEA furniture stores in the United States
D) the initial failure of Disneyland Paris
E) the anti-globalization protests aimed at KFC
Answer: C) the growing number of IKEA furniture stores in the United States
Explanation:
IKEA is a very popular furniture chain in the United States that keeps rising in popularity as well as adding new locations. However, it is not an American company but rather a Swedish company with it's headquarters in The Netherlands. This shows that as American companies such McDonald's, Disney and Starbucks are spreading around the world, so also are foreign companies spreading in the USA.
The defender of Globalization can point to this and show that the Americans are not only spreading around the world, but have foreign companies spreading amongst them as well making it a 2 way street.
In October of the current year, Jasmine received a $15,520 payment from a client for 32 months of rent. The rental period begins on September 1 of this year. This amounts to $485 per month. Jasmine is a calendar-year taxpayer. What amount of the $15,520 payment, if any, must Jasmine recognize this year if she uses the accrual method of accounting
Answer:
Jasmine recognize $1,940 this year if she uses the accrual method of accounting.
Explanation:
The Accrual or Matching Concept in accounting requires revenues and expenses to be recorded in the period i which they occur or incur.
The entry to record the receipt of payment is :
Cash $15,520 (debit)
Unearned Rental Income $15,520 (credit)
By the end of the year on 31 December, 4 months rent income starting September will have been earned and entries are as follows :
Unearned Rental Income $1,940 (debit)
Rental Income $1,940 (credit)
Rental Income calculation = $15,520 × 4 / 32
= $1,940
Juggernaut Satellite Corporation earned $18.5 million for the fiscal year ending yesterday. The firm also paid out 40 percent of its earnings as dividends yesterday. The firm will continue to pay out 40 percent of its earnings as annual, end-of-year dividends. The remaining 60 percent of earnings is retained by the company for use in projects. The company has 2 million shares of common stock outstanding. The current stock price is $80. The historical return on equity (ROE) of 14 percent is expected to continue in the future.
What is the required rate of return on the stock?
Answer:
13.41%
Explanation:
Last Year: Earnings = $18,500,000
Shares Outstanding = 2,000,000
Earnings per share = Earnings / Shares Outstanding
= $18,500,000 / 2,000,000
= $9.25
Dividend per share, D0 = Earnings per share * Payout Ratio
Dividend per share, D0 = $9.25 * 40%
Dividend per share, D0 = $3.70
Retention Ratio = 60%
Return on Equity = 14%
Growth Rate, g = Return on Equity * Retention ratio
Growth Rate, g = 14% * 0.60
Growth Rate, g = 8.40%
Current Price, P0 = $80.00
Next Year: Dividend per share, D1 = D0 * (1 + g)
Dividend per share, D1 = $3.70 * (1 + 8.40%)
Dividend per share, D1 = $3.70 * 1.084
Dividend per share, D1 = $4.0108
Required Rate of Return = D1 / P0 + g
= $4.0108 / $80.00 + 0.0840
= 0.0501 + 0.0840
= 0.1341
= 13.41%
What is true regarding static budgets? Select one: a. It is the budgeted amount used to calculate standard costs. b. It is the budgeted amount used to calculate the actual costs. c. It is also called moving or nonstationary budgets. d. All of the above
Answer:
b. It is the budgeted amount used to calculate the actual costs.
Explanation:
Static budget is the budget which remains the same even if there is some changes made but the flexible budget do not remain the same.
Moreover, the static budget is the main budget that used to prepare the standard cost by considering the budgeted activity level
Therefore it is the budget in which the budgeted amount should be considered in order to determine the actual cost that helps to make the flexible budget
An advertising agency is estimating costs for advertising a music festival. The job will require 230 direct labor hours at a cost of $56 per hour. Overhead costs are applied at a rate of $68 per direct labor hour. What is the total estimated cost for this job?
Answer:
The total estimated cost for this job is $28,520
Explanation:
In order to calculate the total estimated cost for this job we would have to make the following calculation:
Total estimated cost=Total direct labor cost+Actual overhead applied cost
Total direct labor cost=total required labour hours*cost per direct labour hour
hence, Total direct labor cost=230*$56
Total direct labor cost=$12,880
Actual overhead applied cost=total required labour hours*Appliead overhead cost
hence, Actual overhead applied cost=230*$68
Actual overhead applied cost=$15,640
Therefore, Total estimated cost=$12,880+$15,640
Total estimated cost=$28,520
The total estimated cost for this job is $28,520
The average American’s real income today is about four times what it was in _________.
Average lifetime lengths have increased by ______,
the number of hours worked per week has decreased by _________ ,
and homes have _________ doubled in size.
almost
1940
21%
8%
12%
1935
1960
more than
17%
Answer:
The average American’s real income today is about four times what it was in 1960. Average lifetime lengths have increased by 12%, the number of hours worked per week has decreased by 17% , and homes have more than doubled in size.
Explanation;
Economic data shows that Americans make on average, about 4 times what they were making in real income in 1960 due to exponential economic growth.
At the same time, Americans are also living a longer life by 12% on average than in 1960 when the life expectancy was around 70 years. Today it is around 78 years.
Americans are also working fewer hours than their 1960 counterparts because where in 1960 they worked for an average of 50 hours a week, recently that number hovers around 40 hours a week.
Houses built are also larger than they were in the '60s as income has increased and preferences have changed.
You just won a prize that will pay you $800 today and $500 a year for the next three years. Which is the correct formula for computing the present value as of today at 6 percent?
a. PV = $500/1.06 + $500/1.062+ $500/1.063
b. PV = $800 PV $800/1.06$500/1.06+$500/1.06 $500/1.06
c. PV =$800+ $500/1.06 $500/1.06+ $500/1.061
d. PV = $800(1.06)+ $500 +$500/1.06 $500/1.06
Answer:
Total PV= 800 + 500/1.06^1 + 500/1.06^2 + 500/1.06^3
Explanation:
Giving the following information:
Cash flows:
Cf0= $800
Cf1= $500
Cf2= $500
Cf3= $500
Discount rate= 6%
The $800 is received today, therefore, it is already its present value.
For the cash flow for the next three years, we need to use the following formula on each cash flow.
PV= FV/(1+i)^n
Total PV= 800 + 500/1.06 + 500/1.06^2 + 500/1.06^3
The information necessary for preparing the 2018 year-end adjusting entries for Winter Storage appears below. Winter's fiscal year-end is December 31.
a. Depreciation on the equipment for the year is $7,000.
b. Salaries earned (but not paid) from December 16 through December 31, 2018, are $3,400.
c. On March 1, 2018, Winter lends an employee $12,000 and a note is signed requiring principal and interest at 6% to be paid on February 28, 2019.
d. On April 1, 2018, Winter pays an insurance company $15,000 for a one-year fire insurance policy. The entire $15,000 is debited to prepaid insurance at the time of the purchase.
e. $1,500 of supplies are used in 2018.
f. A customer pays Winter $4,200 on October 31, 2018, for six months of storage to begin November 1, 2018. Winter credits deferred revenue at the time of cash receipt.
g . On December 1, 2018, $4,000 advertising is paid to a local newspaper. The payment represents advertising for December 2018 through March 2019, at $1,000 per month. Prepaid advertising is debited at the time of the payment.
Required: Record the necessary adjusting entries at December 31, 2018.
Answer:
Adjusting entries are entries that indicate the events of the company that have occurred but not yet recorded by the company.
a. DATE DESCRIPTION DEBIT CREDIT
Dec 31 Depreciation Expenses $7,000
2018 Accumulated Expenses $7,000
(Record depreciation on equipment )
b. DATE DESCRIPTION DEBIT CREDIT
Dec 31 Salary expenses $3,400
2018 Salary payable $3,400
(Record salary incurred but not paid)
c. DATE DESCRIPTION DEBIT CREDIT
Dec 31 Interest receivables $660
2018 (12,000 * 6% * 11/12)
Interest revenue $660
(Record of interest earned)
d. DATE DESCRIPTION DEBIT CREDIT
Dec 31 Insurance Expenses $11,250
2018 (15,000 * 9/12)
Prepaid Insurance $11,250
(Record payment of insurance expenses)
e. DATE DESCRIPTION DEBIT CREDIT
Dec 31. Supplies Expenses $1,500
2018 Supplies $1,500
(Record of supplies)
f. DATE DESCRIPTION DEBIT CREDIT
Dec 31, Deferred revenue $1,400
2018 (4,200 * 2 month / 6 month)
Service revenue $1,400
(Record advance payment for services provided)
g. DATE DESCRIPTION DEBIT CREDIT
Dec 31, Advertisement Expenses $1,000
2018 Prepaid Advertisement $1,000
(Record payment for advertisement)
Sources of monopoly power A monopolist, unlike a competitive firm, has some market power. It can raise its price, within limits, without the quantity demanded falling to zero The main way it retains its market power is through barriers to entry-that is, other companies cannot enter the market to create competition in that particular industry Complete the following table by indicating which barrier to entry appropriately explains why a monopoly exists in each scenario.
Exclusive
Ownership Government-
of a Key Created Economies
Resource Monopolies of Sale
Patents are granted to inventors of a product
or process for a certain number of years. The
reason for this is to encourage innovation in the
economy. Without the existence of patents, it is
argued, research and development for improved
electronics is unlikely to take place, since there’s
nothing preventing another firm from stealing the
idea, copying the product, and producing it without
incurring the development costs.
Throughout much of the 20th century, many people
viewed South Africa’s De Beers Group as a monopoly
because it controlled a large percentage of diamond
production and sales.
In the electricity industry, low average total costs are
obtained only through large-scale production. In other
words, the initial cost of setting up all the necessary
wiring makes it risky and, most likely, unprofitable for
competitors to enter the market.
Answer:
1. Patents are granted to inventors of a product or process for a certain number of years. The reason for this is to encourage innovation in the economy. Without the existence of patents, it is argued, research and development for improved electronics is unlikely to take place, since there’s nothing preventing another firm from stealing the idea, copying the product, and producing it without incurring the development costs.
Government Created Monopoly.
Patents protect the intellectual property of a person or entity and prevent others from taking it and using it without rewarding the people who came up with it. The owners of the parents are able to dictate the selling of the resource and as such have a monopoly over it. Patents are granted by the government which makes this a Government created Monopoly.
2. Throughout much of the 20th century, many people viewed South Africa’s De Beers Group as a monopoly because it controlled a large percentage of diamond production and sales.
Ownership of Key Economic Resource.
As early as 1902, De Beers controlled 90% of the world's diamond production and under the leadership of J P Morgan, consolidated control over the diamond industry. They controlled many mines and also bought diamonds from other producers allowing them to control the diamond trade. Even though their control has waned of late, they still control around 35% of the world's diamond production which is a very significant percentage.
3. In the electricity industry, low average total costs are obtained only through large-scale production. In other words, the initial cost of setting up all the necessary wiring makes it risky and, most likely, unprofitable for competitors to enter the market.
Economies of Scale
To survive in the Electricity industry the company would need to have an extensive network to permit them to benefit from Economies of Scale. This can be very difficult to set up so companies stay away from the industry thereby creating a monopoly for those already in it.
Dora Inc. reported the following on the company's cash flow statement: Sales $3,500,000 Net cash flow from operating activities 350,000 Net cash flow used for investing activities (100,000) Net cash flow used for financing activities (200,000) Free cash flow 290,000 What is the ratio of free cash flow to sales
Answer:
8.3%
Explanation:
Dora Inc. reported a sales of $3,500,000
The net cash flow from operating activities is $350,000
The net cash flow used for investing activities is $100,000
The net cash flow used for financial activities is $200,000
The free cash flow is $290,000
Therefore, the free cash flow to sales ratio can be calculated as follows
Free cash flow to sales ratio= Free cash flow/Sales × 100%
= $290,000/$3,500,000 × 100
= 0.0828×100
= 8.3%
Hence the ratio of the free cash flow to sales is 8.3%
PWD Incorporated is an Illinois corporation. It properly included, deducted, or excluded the following items on its federal tax return in the current year: Item Amount Federal Treatment Illinois income taxes $ 33,361 Deducted on federal return Indiana income taxes $ 18,480 Deducted on federal return Ohio Commercial Activity Tax $ 3,992 Deducted on federal return Illinois municipal bond interest $ 9,984 Excluded from federal return Indiana municipal bond interest $ 15,100 Excluded from federal return Federal T-note interest $ 2,492 Included on federal return PWD's federal taxable income was $104,000. Calculate PWD's Illinois state tax base.
Answer:
PWD's Illinois state tax base = $168,449
Explanation:
DATA
Illinois income taxes = $33,361
indiana income taxes = $18,480
Illinois municipal bond interest = $9,984
Indiana municipal bond interest = $15,100
Federal T-note interest = $2,492
Federal taxable income = $104,000
PWD's Tax Base = ?
Solution
PWD's Illinois Tax base can be calculated as follows
Formula
Illinois state tax base = Federal taxable income+Indiana income taxes+Illinois income taxes+Indiana municipal bond interest – federal t-note interest
Illinois state tax base = $104,000 + $18,480 + $33,361 + $15,100 - $2,492
PWD's Illinois state tax base = $168,449
_____ innovation involves making slight modifications to existing products in an effort to distinguish a product from the competition.
Answer:Continuous
Explanation:
On January 2, 2021 Pod Company purchased 30% of the outstanding common stock of Jobs, Inc. and used the equity method to account for the investment. During 2021, Jobs reported net loss of $160,000 and distributed dividends of $100,000. The ending balance in the Investment in Jobs Company account at December 31, 2021 was $640,000 after applying the equity method. What was the purchase price Pod Company paid for its investment in Jobs, Inc.? "g"
Answer:
The purchase price is 7 million 435 thousnad 638.92 dollars
Explanation:
Galvatron Metals has a bond outstanding with a coupon rate of 6.3 percent and semiannual payments. The bond currently sells for $1,919 and matures in 17 years. The par value is $2,000 and the company's tax rate is 39 percent. What is the company's aftertax cost of debt?
Answer:
4.09%
Explanation:
For computing the after cost of debt we have to applied the RATE formula i.e to be shown in the attachment below:
Given that,
Present value = $1,919
Future value or Face value = $2,000
PMT = 2,000 × 6.3% ÷ 2 = $63
NPER = 17 years × 2 = 34 years
The formula is shown below:
= Rate(NPER,PMT,-PV,FV,type)
The present value come in negative
So, after applying the above formula,
1. The pretax cost of debt is 3.35% × 2 = 6.70%
2. And, the after tax cost of debt would be
= Pretax cost of debt × ( 1 - tax rate)
= 6.70% × ( 1 - 0.39)
= 4.09%
Minor Electric has received a special one-time order for 1,200 light fixtures (units) at $18 per unit. Minor currently produces and sells 6,000 units at $19.00 each. This level represents 75% of its capacity. Production costs for these units are $24.00 per unit, which includes $16.00 variable cost and $8.00 fixed cost. To produce the special order, a new machine needs to be purchased at a cost of $800 with a zero salvage value. Management expects no other changes in costs as a result of the additional production. If Minor wishes to earn $1,600 on the special order, the size of the order would need to be:
Answer:
the size of the special order should be 1,200 in order to generate profits of $1,600
Explanation:
special order 1,200 units at $18 per unit = $21,600
current spare capacity 2,000 units
relevant production costs:
variable costs $16 per unitadditional fixed costs $800total relevant costs = ($16 x 1,200) + $800 = $20,000
profits generated by special order = $21,600 - $20,000 = $1,600
with this special order (1,200 units) you can make $1,600 in profits
As a firm's sales grow, its current assets also tend to increase. For instance, as sales increase, the firm's inventories generally increase, and purchases of inventories result in more accounts payable. Thus, spontaneous liabilities that reduce AFN arise from transactions brought on by sales increases. True or false?
Answer: True
Explanation:
Current assets are the assets that a company had and which are expected to be either used or sold over the next year. Examples of current assets are cash, cash equivalents, stock inventory, accounts receivable, marketable securities, and other liquid assets.
It should be noted that when the sales of a from continue to grow, the current assets of such company also increases. An example is when there is an increase in the sales increase, this.will also have an impact on the firm's inventories as there will be an increase.
A manufacturer that sells _ is most likely to employ personal selling.
A. Scissors with a safety attachment.
B. Generic tea at a low cost.
C. Private jets to people.
D. Packaged chips all over the world.
Answer:
C. Private jets to people.
Explanation:
Personal selling refers to a strategy in which the sales people meet with the customer to convince him/her to buy the product. This strategy is used when the goods of services are costly or technical. According to this, the answer is that a manufacturer that sells private jets to people is most likely to employ personal selling because it is an specialized and costly product that requires to meet the customer to be able to explain everything and encourage him/her to make the purchase.
The other options are not right because they are cheaper products and don't require the sales people to meet with the customer to be able to sell them.
Which of the following accounts will only be found in the chart of accounts of a merchandising company? a. Accounts Payable b. Accounts Receivable c. Inventory d. Sales
Answer:
c. Inventory
Explanation:
A merchandising company is one that specialises in buying and reselling goods. Profit is made by selling goods at higher prices than they were bought.
Merchandising companies can be wholesale or retail businesses.
Because of the nature of their business merchandising companies usually make use of storage facilities to stock goods. This nesecitates the use of an inventory account to monitor inflow and outflow of goods.
Therefore inventory account is used only by merchandising companies
Answer:
The answer is C. Inventory
Explanation:
Meerchandising company is a company that buys goods(inventories) and resells them later at a price higher than the purchase price.
We have two types of merchandising companies:
1. Retail
2. Wholesale.
Since they buy and sells inventories (goods), only inventory accounts can be found in the chart of accounts among those options.
railway cabooses just paid its annual dividend of 1.70 per share. The company has been reducing the dividends by 11.3 percent each year. How much are you willing to pay today to purchase stock in this company if your required rate of return is 12 percent?
Answer:
8.24
Explanation:
According to the given situation, the computation of purchase stock is shown below:-
Purchase price = Dividend in paid in next year ÷ (required rate of return - Growth rate)
= (1.70 ÷ (1 - 0.113)) ÷ (0.12 - (-0.113))
= 1.92 ÷ 0.233
= 8.24
Therefore for computing the purchase price we simply applied the above formula.
Consider Country (Z) with a GDP level of 210,000 and a growth rate of 5% in 2019 (i.e. calculated at the end of year 2019). The experts predict that the growth of the economy of Country (Z) wills gradually slowdown in the coming years. More precisely, they foresee the following growth rates for the future: 2019 – 2022 (5%), 2022 – 2025 (3%). Hint: The list above should be read as saying that, for instance, `the growth rate from the end of 2019 until the end of 2022 will be 5%, then from the end of 2022 until the end of 2025 it will be 3%’ and so on. Requirement a) Assuming that the predictions of the experts listed above are accurate, when in the future will Country Z’s GDP double compared to the GDP level of 2019? [10 marks] b) What would Country Z’s GDP growth rate be from 2025 and so on at 1%? Explain your reasoning carefully. [5 marks] c) Consider now the more optimistic scenario in which the economy does not slow down and the current growth rate of 5% remains constant in the coming years. How long will it take for the GDP level to double in this scenario? Express your answer in two forms: i) In number of years [5 marks] ii) As a fraction of your answer in part a.
Answer:
Please help me, l can not answer it
Explanation: