Answers
Answer:
$1,610.51 (in both calculation)
Explanation:
1. Using Math formula,
We know, Future value, FV = PV × [tex](1 + i)^{n}[/tex]
Given,
Present Value, PV = $1,000
Interest, i = 10% = 0.10
Number of periods, n = 5 years
Putting the values in the formula, we can get,
Future value, FV = PV × [tex](1 + i)^{n}[/tex]
FV = $1,000 × [tex](1 + 0.10)^{5}[/tex]
or, FV = $1,000 × 1.61051
Therefore, FV = $1,610.51
2. Using excel formula,
See the image below:
We have to use present value as negative so that the result should be used as positive.
Answer:=$1,610.51
Explanation:
PV=$1,000
I=10%
N=5
Related Questions
What are the two main difficulties that arise in comparing the GDP of different countries?
Answers
Final answer:
Comparing the GDP of different countries is complicated by the need for currency conversion and differences in population size. GDP per capita is a better measure but still fails to fully capture the standard of living due to its exclusion of key factors such as income distribution and nonmarket activities.
Explanation:
Difficulties in Comparing GDP of Different Countries
When comparing the Gross Domestic Product (GDP) of different countries, two main difficulties arise. The first issue is currency conversion. Since each country measures its GDP in its own currency, it is necessary to convert all GDP figures into a common currency, often done using exchange rates. However, exchange rates fluctuate and may not truly reflect the purchasing power parity between different countries.
The second significant challenge is related to population size. A country's total GDP might be large due to its larger population rather than higher economic welfare. Hence, economists often use GDP per capita, which divides the GDP by the number of people in a country, to get a better gauge of individual economic well-being and make more meaningful comparisons between nations of varying population sizes.
Limitations of GDP as a Standard of Living Measure
Economists argue that GDP should not be considered an effective measure of the standard of living within a country for several reasons. GDP does not account for the distribution of income among residents of a country, nor does it reflect nonmarket transactions, such as household labor and volunteer work, which can contribute significantly to people's well-being. Additionally, GDP does not consider environmental degradation or depletion of natural resources that result from production and can lead to a decline in the quality of life.
Comparing GDP across countries faces challenges due to currency conversion issues and differences in economic structures and price levels, affecting the accuracy of comparisons.
Two main difficulties in comparing the GDP of different countries are:
1. Currency Conversion : GDP figures are reported in the national currency of each country, making it challenging to compare directly due to exchange rate fluctuations and differing purchasing power.
2. Differences in Economic Structure and Price Levels : Each country's economy is unique, with different industries, consumption patterns, and price levels. These variations can distort comparisons of GDP, as some economies may prioritize certain sectors or have higher or lower costs of living.
Wright & Boyle Inc. had the following income statement for the month of May: Sales revenue $470,800.00 Cost of goods sold 217,766.40 Gross margin $ 253,033.60 Less: $86,199.20 Selling expenses Administrative expenses 74,942.80 Operating income $91,891.60 What was the cost of goods sold percent? (Note: Round answer to two decimal places.) a. 19.45% b. 100.51% C. 52.56% d. 46.25%
Answers
Answer:
Option (d) is correct.
Explanation:
Given that,
Sales revenue = $470,800.00
Cost of goods sold = $217,766.40
Selling expenses = $86,199.20
Administrative expenses = $74,942.80
Cost of Goods sold (%):
= (Cost of Goods Sold ÷ Sales Revenue) × 100
= (217,766.40 ÷ 470,800.00) × 100
= 46.25%
Therefore, the cost of goods sold percent is 46.25.
The cost of goods sold percent for Wright & Boyle Inc. is 46.25%, calculated by dividing the COGS by the Sales Revenue and multiplying by 100.
To calculate the cost of goods sold percent, we should compare the cost of goods sold (COGS) to the total sales revenue. We can use the formula:
Cost of Goods Sold Percent = (Cost of Goods Sold / Sales Revenue) imes 100
In Wright & Boyle Inc.'s case, their COGS is $217,766.40 and their Sales Revenue is $470,800.00. Plugging these numbers into the formula gives us:
(217,766.40 / 470,800.00) imes 100 = 46.25%
So, the cost of goods sold percent for Wright & Boyle Inc. for May is 46.25%.
In 2019, Wesley Pickett has a modified adjusted gross income (MAGI) of $58,500. During the year he paid $5,000 of student loan interest. What amount can Wesley deduct from his taxable income for the interest paid on his student loan?
Answers
Answer:
$2,500
Explanation:
The maximum amount that can be deducted from the taxable income against the student loan interest paid is $2,500.
Hence,
For the given the amount paid by Wesley as the student loan interest i.e $5,000 exceeds the maximum limit of $2,500
Therefore,
Wesley can deduct maximum of $2,500 from her taxable income.
Wesley Pickett can deduct the amount of student loan interest he paid from his taxable income, subject to certain limits.
Wesley Pickett can deduct the amount of student loan interest he paid from his taxable income. The deduction is determined by the modified adjusted gross income (MAGI) limit set by the IRS. For 2019, the MAGI limit for single filers is $85,000.
If Wesley's MAGI is below this limit, he can deduct the full $5,000 of student loan interest from his taxable income. However, if his MAGI is between $70,000 and $85,000, the deduction starts to phase out.
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A country can produce either 201 units of good Y or 119 units of good X. If they want to produce 31 units of good X, how many units of good Y are they able to produce? Enter a number rounded to two decimal places.
Answers
Answer:
148.64
Explanation:
Assuming that the means of production are uniformly divided for both products, the total production capacity used up for producing 31 units of good X is:
[tex]C_x = \frac{31}{119}=0.2605[/tex]
The capacity remaining for good Y is:
[tex]C_y =1 - C_x = 0.7395[/tex]
The number of units of good Y that can be produced is:
[tex]Y = 0.7395*201=148.64[/tex]
The country is able to produce 148.64 units of good Y.
To find the number of units of good Y that can be produced when 31 units of good X are produced, we can calculate the opportunity cost. The country can produce approximately 52.86 units of good Y.
Explanation:To find the number of units of good Y that can be produced when 31 units of good X are produced, we can use the concept of opportunity cost. The opportunity cost is the value of the next best alternative forgone when a choice is made. In this case, we can calculate the opportunity cost of producing 31 units of good X in terms of good Y.
The country can produce either 201 units of good Y or 119 units of good X. We can set up a proportion to find the number of units of good Y:
Y / X = 201 / 119
Substituting the known values:
Y / 31 = 201 / 119
Cross-multiplying:
119Y = 201 * 31
Dividing both sides by 119:
Y = (201 * 31) / 119
Calculating:
Y ≈ 52.86
Therefore, when the country produces 31 units of good X, they are able to produce approximately 52.86 units of good Y.
Which of the following statements is correct? A. Control is most effective when two or three people are given responsibility for the same task. B. The person who has custody of assets should not perform the record keeping for the assets. C. The person who has custody of assets should also perform the record keeping for the assets. D. It is often a waste of company resources to have an employee perform independent internal verification.
Answers
Answer:
"B"
Explanation:
Segregation of duties is a major international control procedure where responsibilities are shared between two or more individuals.
The aim is to minimize or prevent the opportunity for a particular individual to execute and cover up fraudulent activities.
It is arranged in a way that an individual is in the position to keep a check over the activities of the other party.
Under GASB guidance when should an item be recognized on the face of the financial statements? Under whatconditions, would the GASB indicate that a note disclosure should accompany an item that has been recognized on thefinancial statements?
Answers
Answer:
If it satisfies the definition of an element and is also measurable with a high degree of reliability and accuracy
If there is a lack of clarity of any items found within the financial statement
Explanation:
According to the governing body the Governmental Accounting Standards Board, an item is only accepted in the face of a financial statement if it satisfies the characteristics of an element and must be measurable. The level of accuracy and reliability in these measures must also be high.
When there is any item found in the financial statement that lacks clarity, it is important to tag the statement with a note disclosure stating what is not clear to you. If this is done, the user is able to understand each items in the statement.
The Odessa Supply Company is considering obtaining a loan from a sales finance company secured by inventories under a field warehousing arrangement. Odessa would be permitted to borrow up to $300,000 under such an arrangement at an annual interest rate of 10 percent. The additional cost of maintaining a field warehouse is $16,000 per year. Determine the annual financing cost of a loan under this arrangement if Odessa borrows the following amounts: a. $300,000b. $250,000
Answers
Answer:
a) 15.33%
b) 16.4%
Explanation:
Data provided in the question:
Annual interest rate = 10 percent
Additional cost of maintaining a field warehouse = $16,000 per year.
Now,
Annual financing cost
= [ ( Interest cost + Additional cost ) ÷ Usable funds ] × 100%
For a) Amount borrowed = $300,000
Annual financing cost
= [ ( 10% of $300,000 + $16,000 ) ÷ $300,000 ] × 100%
= 15.33%
For b) Amount borrowed = $250,000
Annual financing cost
= [ ( 10% of $250,000 + $16,000 ) ÷ $250,000] × 100%
= 16.4%
In order to be the basis for a firm's superior performance, a bundle of resources must be valuable, rare, and imitable.
True
False
Answers
Answer:
The statement is: False.
Explanation:
A bundle of resources has three characteristics: valuable (the resource helps the company to pursue its objectives and is priceless for consumers), rare (limited competition), and inimitable (resource is not easy to reproduce by the firm's closest competitors or imitating it is expensive).
Being imitable is the opposite of what a bundle of resources should be.
Read the example and determine whether it is a decisional, interpersonal, or informational role.
Example of manager role:
1. After a series of layoffs, the CEO meets with employees to explain how the company plans t move forward and to ease their concerns
2. GE cEO, Jeff Immert, makes a tough cholce to sell NBCUniversal to Comcast
3. Keisha, public relations manager for the American Red Cross, does radio and newspaper nterviews to share the Red Cross message with the public
Answers
Answer:
Interpersonal.Decisional roles.Interpersonal.Explanation:
Managerial Roles: Henry Mintzberg has identified the roles managers play as they engage themselves in work. Managerial role refers to any specific action that is expected by a manager.
Interpersonal roles: These are the ones that involve people and other duties that are ceremonial and symbolic. There are 3 informational roles that a manager plays Figurehead, Leader, and Liaison.Decisional roles: It involves making decisions or choices, There are 4 decisional roles Entrepreneur, Disturbance Handler, Resource allocator, and Negotiator. Informational roles: These roles involve receiving and transferring of information, It also involves 3 roles, Monitor, Dissemniator, and Spokesperson.
Final answer:
The example of the manager role that best fits the description of an informational role is when the CEO meets with employees to explain the company's plans and address concerns.
Explanation:
The example of the manager role that best fits the description of an informational role is:
After a series of layoffs, the CEO meets with employees to explain how the company plans to move forward and to ease their concerns.
In this example, the manager is providing information to the employees about the company's plans and addressing their concerns.
The other examples can be categorized as follows:
The example of the CEO making a tough choice to sell NBCUniversal to Comcast is a decisional role as the CEO is making a major decision that impacts the company.The example of the public relations manager doing interviews to share the Red Cross message with the public is an interpersonal role as the manager interacts with others to promote the organization's message.
Xytex Products just paid a dividend of $2.62 per share, and the stock currently sells for $36. If the discount rate is 15 percent, what is the dividend growth rate?
Growth rate___%.
Answers
Answer:
Po = Do( 1 + g)
Ke - g
$36 = $2.62(1 + g)
0.15 - g
$36(0.15 - g) = $2.62(1 + g)
$5.4 - 36g = $2.62 - 2.62g
$5.4 - $2.62 = -2.62g + 36g
$2.78 = 33.38g
2.78 = g
33.38
g = 0.0833 = 8.33%
Explanation:
In this case, we will apply the formula for determining the current market price of a share (Po). The current market price, the current dividend paid (Do) and the discount rate (Ke) were provided in the question with the exception of growth rate (g). Therefore, we will make the growth rate the subject of the formula.
By 2010, the ________ became the driver of the national movement toward preparing all students to graduate from high school being college and career ready.a. Common Core State Standards Initiativeb. Mindsets and Behaviorsc. Career Development Guidelinesd. None of the above
Answers
Answer:
The correct answer is letter "A": Common Core State Standards Initiative.
Explanation:
The Common Core State Standards Initiative is an educational initiative proposed in the United States to ensure all high school graduates leave school with enough knowledge so they can be prepared to start a career or face life. The initiative was originally launched in 2009 to be effective from 2010 and comprehends all the life cycle of young Americans from kindergarten to 12th grade.
The Common Core State Standards Initiative, established in 2009, is the correct answer as it became the driver of the national movement to prepare students to be college and career ready by 2010. These standards, which cover English Language Arts and Mathematics, have been widely adopted across the United States and emphasize readiness for higher education and the global workforce.
By 2010, the Common Core State Standards Initiative became the driver of the national movement toward preparing all students to graduate from high school being college and career ready. The initiative, launched in 2009 by state leaders, aims to standardize educational goals across states, particularly in English Language Arts and Mathematics. Option A
The Common Core Standards are designed to ensure that students graduating from high school are prepared to enter college or the workforce and are capable of competing globally. These standards have been adopted by a majority of states and territories in the United States, signifying a shift towards a unified set of educational standards.
Despite their focus on core subjects, the standards also emphasize the application of knowledge through higher-order thinking skills and are informed by benchmarks from other top-performing countries.
The Common Core is instrumental in framing educational goals and defining what students should know by the end of each grade level. They serve as evidence-based, clear, and consistent guidelines aligned with college and career expectations. The initiative initially faced widespread acceptance but has also encountered criticism, especially related to its assessment processes and the high stakes attached to them.
The corporation's task environment: a. encompasses the physical working areas of the organization. b. includes those elements or groups within an organization's industry. c. is an advisory committee to top-management. d. is an accounting of the many jobs within an organization. e. is the job requirement specification listing necessary skills and abilities.
Answers
Answer:
b. includes those elements or groups within an organization's industry.
Explanation:
A corporation's task environment are components that affects and can be affected by an organization's mode of operation. They are external factors that could hinder a business from achieving her goals, aims and objectives, such factors includes customers, suppliers, supply of labour, regulations and regulators, etc.
It must be generally noted that every corporation's task environment is always and constantly changing, and this changes comes with their own challenges.
Coronado University sells 5,900 season basketball tickets at $210 each for its 12-game home schedule.
(a) Give the entry to record the sale of the season tickets
(b) Give the entry to record the revenue recognized after playing the first home game.
Answers
Answer:
Explanation:
The journal entries are shown below:
a. Cash A/c Dr $1,239,000 (5,900 seasons × $210)
To Unearned basket ball tickets revenue $1,239,000
(Being the sale of the season tickets are recorded)
b. Unearned basket ball tickets revenue $103,250 ($1,239,000 ÷ 12)
To basket ball tickets revenue $103,250
(Being the revenue recognized)
Final answer:
The initial entry is a debit to Cash and a credit to Unearned Revenue for $1,239,000. After playing the first home game, the entry is a debit to Unearned Revenue and a credit to Revenue for $103,250, which is 1/12th of the total revenue.
Explanation:
When Coronado University sells season basketball tickets, the initial accounting entry to record the sale of the season tickets involves a debit and a credit. Upon the sale, they are receiving cash, which is an asset, and they are also incurring an obligation to provide seating for the games, which represents unearned revenue, a liability. The entry would be as follows:
Debit Cash $1,239,000 (5,900 tickets × $210 each)Credit Unearned Revenue $1,239,000After the first home game is played, Coronado University has fulfilled part of its obligation to ticket holders, and thus, can recognize some of the unearned revenue as earned revenue. Since there are 12 games in the season, 1/12th of the total revenue from season tickets can be recognized. The entry would be:
Debit Unearned Revenue $103,250 (1/12 of $1,239,000)Credit Revenue $103,250Suppose a family has saved enough for a 10 day vacation (the only one they will be able to take for 10 years) and has a utility function U = V1/2 (where V is the number of healthy vacation days they experience). Suppose they are not a particularly healthy family and the probability that someone will have a vacation-ruining illness (V = 0) is 20%. What is the expected value of V?
Answers
Answer:
2 Days
Explanation:
First, there is the need to rewrite the utility function for clarity
U=V^{1/2}
1. The Probability of Falling ill by someone in the family is given as 20%
2. If someone should fall ill, the total number of days that would be spoiled is calculated as:
Total number of vacation= 10 days x Probability to fall ill = 20%
= 10 x 0.2 = 2 days
This means if someone should fall ill based on the probability, then 2 out of the total 10 days can be ruined
3. The number of days for vacation days to enjoy is 10-2 = 8 days
This means if the family gives up 2 days of probable illness, they can still enjoy their vacation.
V= 2 days
The process of searching huge amounts of data seeking a pattern, is called data ________.
(A) diving
(B) scaling
(C) warehousing
(D) mining
Answers
Answer:
The correct answer is letter "D": mining.
Explanation:
Data mining is the group of techniques and technologies that allow exploring large databases automatically and semi-automatically with the purpose of finding patterns, tendencies or rules that explain the behavior of the information of a given context.
In December, Textra Motors produced 16,600 customized SUVs at its plant in New Mexico. The labor productivity at this plant is known to have been 0.18 SUV per labor-hour during that moth. 540 laborers were employed at the plant that month. How many hours did the average laborer approximately work that month? [ Select ] If productivity can be increased to 0.21 SUVs per hour, how many hours would the average laborer work that month? Select]
Answers
Answer:
Explanation:
Productivity = Units produced / labor hours
0.18 = 16,600 / labor hours
Labor hours = 16600 / 0.18 = 92222.22 hours
1. Hours per labor = labor hours / Number of labor
= 92222.22 / 540 = 170.78 hours
2. Productivity = 0.21
Labor hours = 16600 / 0.21 = 79047.62
Hours per labor = 79047.62 / 540 = 146.38
The administrative role that functions as a bridge between nursing and the information technology department BEST describes the ________. CNO CINO CMNO CFO
Answers
The Chief Information Nursing Officer (CINO) acts as a bridge between the nursing and the information technology departments, overseeing the integration of technology within the nursing department, and making strategic IT-related decisions.
Explanation:The administrative role that is designed to act as a liaison between the nursing and information technology departments is best described as the CINO (Chief Information Nursing Officer). This role not only requires a deep understanding of nursing but also a solid knowledge of how information technology can be utilized to enhance healthcare provision.
The CINO is responsible for ensuring the effective integration of technology within the nursing department, acting as the bridge between such department and the IT. This can involve a wide range of tasks including overseeing the implementation of new healthcare IT systems, training nursing staff on how to use them, and making strategic decisions about future technological investments in the context of nursing.
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Suppose two economists are debating a tax reform bill. Both economists agree that the bill would increase the after-tax income of the top 5% of income earners; however, they disagree on whether the bill would improve the tax system. Which is the most plausible reason for why these economists disagree
Answers
Answer:
d) Differences in values.
The economists could disagree on whether the tax bill is good for the system based on their differing conceptions of fairness and economic efficiency. One could view the rise in after-tax income for high earners as beneficial to the economy, while the other may see it as exacerbating income inequality.
Explanation:The disagreement likely centers on the economists' different views of how a tax system should operate and ideas about societal fairness and economic efficiency. One economist may believe that the tax reform bill improves the system because it increases after-tax income for high earners, potentially bolstering consumer spending or capital investment. However, the other economist may argue that the tax reform bill makes the system less fair because it disproportionally benefits the top 5% of income earners, thereby exacerbating income inequality.
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1. Identify a company or organization from which you have received high-quality products and describe the characteristics which make it high quality.
2. Identify a company or organization from which you have received poor quality products or services, describe the nature of the defects, and suggest ways in which Six Sigma might improve the quality.
Answers
Answer:
Elements of poor quality goods and services include lack of time management, poor customer service, poor communication and update, disappointment, bad service quality, etc.
Characteristics of a good company include nice receptionist, time consciousness, handwork and promptness, etc
Explanation:
High-quality and poor quality products and services, characteristics of high-quality products, defects in poor quality products, implementing Six Sigma for quality improvement
Explanation:1. One company that I have received high-quality products from is Apple. The characteristics that make their products high quality include their attention to detail in design, the use of premium materials, and the reliability and durability of their products. For example, Apple products are known for their sleek and modern designs, the use of high-quality materials such as aluminum and glass, and their long-lasting battery life.
2. On the other hand, a company that I have received poor quality products from is a local electronics store. The nature of the defects in their products ranged from faulty wiring to broken screens. Six Sigma, a quality management methodology, could help improve the quality of their products by implementing processes to identify and eliminate defects, ensuring consistent quality throughout their offerings. For instance, Six Sigma could involve conducting thorough quality inspections, implementing stricter quality control measures, and training employees on quality standards and processes.
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In each of the following situations, identify if there is a positive or negative externality in play. Explain you answer thoroughly.
A local bridal shop shares a strip mall with eight other businesses. Recently all have agreed that the signage at the road needs a facelift. Although all eight businesses use the sign, the other seven are not willing to pay for a fresh paint job. The bridal shop decides to foot the bill and, on their own, they update the sign. Is there a positive or negative externality in play? Why?
A local church holds a "4th of July Celebration" and invites everyone in their area to come enjoy free bounce-houses, live music and snow cones..
A local high school decides to expand their bus ramp to help buses get in and out of the school more quickly. The construction process takes two months and creates serious traffic issues for the commuters in that area of town.
Answers
Answer:
1. Positive Externality ; 2. Negative Externality ; 3. Positive Externality.
Explanation:
Externalities are benefits or harms to other parties , without payment received or made for them respectively.
Positive Externalities : Externalities positively effecting others. Eg-Education
Negative Externalities : Externalities positively effecting others . Eg-Pollution.
1. Bridal Shop's signage facelift creates benefit for other strip mall businesses also (better business visibility), without former receiving money & latter paying money.
2. Local church celebration creates benefit for all attendants (recreational benefit) ,without former receiving money & latter paying money.
3. Local School bus ramp construction creates harm for commuters of that area (traffic inconvenience) , without former paying money & latter receiving money
Before a customer is willing to accept a change to the proposed project, the contractor must provide a/an ___ along with an indication of the schedule impact, prior to implementing the change to the
a. format change
b. impact statement
c. price estimatee
d project.
Answers
Answer:
c. price estimate
Explanation:
Before a customer is willing to accept a change to the proposed project, the contractor must provide a/an price estimate along with an indication of the schedule impact, prior to implementing the change.
The estimation of costs is an assessment of a plan, project, or service expense. The estimated cost is the result of the method of calculating costs. The cost estimate has a single total value, and the component costs may be recognizable.
P4-5 Sales and purchase-related transactions for seller and buyer The following selected transactions were completed during June between Snipes Company and Beejoy Company:
June 8. Snipes Company sold merchandise on account to Beejoy Company, $18,250, terms FOB destination, 2/15, n/eom. The cost of the merchandise sold Was $10,000.
8. Snipes Company paid transportation costs of $400 for delivery of merchandise sold to Beejoy Company on. June 8.
12. Beejoy Company returned $5,000 of merchandise purchased on account on June 8 from Snipes Company. The cost of the merchandise returned was $3,000. 23. Beejoy Company paid Snipes Company for purchase of June 8, less discount and less return of June 12.
24. Snipes Company sold merchandise on account to Beejoy Company, $15,000, terms FOB shipping point, n/eom. The cost of the merchandise sold was $9,000. 26. Beejoy Company paid transportation charges of $375 on June 24 purchase from Snipes Company.
30. Beejoy Company paid Snipes Company on account for purchase of June 24.
how would this l be done if it was put in a framework?
Answers
The transactions between these two companies revolve around sales and purchase-related occurrences, like buying on account, bearing transportation costs based on FOB terms, merchandise returns, and payments after deducting returns and discounts.
Explanation:The transactions between Snipes Company and Beejoy Company can be framed in terms of sales and purchase-related transactions. Here's a simplified version of their June interactions:
On June 8, Snipes sold merchandise to Beejoy for $18,250 on account, bearing the transportation costs ($400) as the terms were FOB destination. The cost to Snipes for the merchandise was $10,000.Beejoy returned merchandise worth $5000 to Snipes on June 12. The cost of the returned merchandise was $3000.On June 23, Beejoy paid Snipes for the remaining balance after deducting returns and discounts.On June 24, Snipes again sold merchandise on account to Beejoy for $15000, but this time the terms were FOB shipping point. So, Beejoy had to bear the transportation costs ($375) and made the payment on June 30. The cost to Snipes for the merchandise was $9000.Learn more about Sales and Purchase Transactions here:https://brainly.com/question/33569790
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Final answer:
The sales and purchase-related transactions between Snipes Company and Beejoy Company can be organized in a framework by listing the transactions separately for each company.
Explanation:
The sales and purchase-related transactions between Snipes Company and Beejoy Company can be organized in a framework as follows:
Snipes Company:
June 8: Sold merchandise on account to Beejoy Company for $18,250 (cost: $10,000), with terms FOB destination and a discount of 2% if paid within 15 days.
June 8: Paid transportation costs of $400 for the delivery of the merchandise sold to Beejoy Company.
June 24: Sold merchandise on account to Beejoy Company for $15,000 (cost: $9,000), with terms FOB shipping point.
Beejoy Company:
June 12: Returned $5,000 of merchandise purchased on account from Snipes Company (cost: $3,000).
June 23: Paid Snipes Company for the purchase made on June 8, taking into account the discount and return.
June 26: Paid transportation charges of $375 on the June 24 purchase from Snipes Company.
June 30: Paid Snipes Company on account for the purchase made on June 24.
SME Company has a debt-equity ratio of .57. Return on assets is 7.9 percent, and total equity is $620,000. a. What is the equity multiplier? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) answer as a percent rounded to 2 decimal places, e.g., 32.16.) answer to 2 decimal places, e.g., 32.16.) b. What is the return on equity? (Do not round intermediate calculations and enter your c. What is the net income? (Do not round intermediate calculations and round your a. Equity multiplier b.Return on equity c. Net income 353,400.00
Answers
Answer:
(i) 1.57
(ii) 12.40%
(iii) $76,898.60
Explanation:
Debt-equity ratio = debt/equity
Hence debt= 0.57 equity
= (0.57 × 620000)
= $353,400
Total assets = debt + equity
= (353400+620000)
= $973400
1. Equity multiplier = Total assets ÷ Equity
= $973,400 ÷ 620,000
= 1.57
3. ROA = net income ÷ Total assets
net income = ($973,400 × 0.079)
= $76,898.60
2. ROE = net income ÷ Total equity
= $76,898.60 ÷ 620,000
= 12.40%(Approx).
the initial business model of the ocean house focused on investing in the development of its staff in the early years before raising its rates to generate higher profits. in this regard , Ocean house was implementing which business model?
Answers
Answer:
Strategic Human Resources Management
Explanation:
Strategic human resource management is the process of ensuring that employees are attracted, developed, rewarded and retained in order to maximize benefits not only for the employees alone but also for the whole organization.
Strategic human resource management is practiced in such a way that the goals of human resource department and the rest of the organization are in the same direction of ensuring organisational success. This is done by ensuring the best employees required by each department in the organisation are recruited as at when needed, provided adequate training and duly motivated. Therefore, strategic human resource management renders support to the organizational success.
Advantages of Strategic human resource management include high customer satisfaction rates, rise in job satisfaction, increased productivity, allows resources to be managed efficiently, and among others.
All the best.
The philosophy of utilitarianism is used to explain why restaurants, theaters, and hotels should make themselves handicapped accessible.
a. True
b. False
Answers
The philosophy of utilitarianism is used to explain why restaurants, theaters, and hotels should make themselves handicapped accessible - False.
Explanation:
The principle of Utilitarianism highly focus on the happiness and pleasure that is given to the society. It determines the happiness that is attained by many number of people. It also focus on the pattern of how goods and services are being consumed by the people.
The maximum utilization of a good or service that gives maximum happiness to many people. It is related to the happiness and hence in the given scenario it is falsified. Anything that creates happiness and pleasure to many people is only considered as valuable in this principle. The things that leads to unhappiness or suffering is not considered as valuable.
In 1987, George Bell batted 649 times. He had 39 walks, 105 singles,32 doubles, 4 triples, and 47 home runs. In 1987, Wade Boggs batted 656times. He had 105 walks, 130 singles, 40 doubles, 6 triples, and 24 homeruns. In 1987, Alan Trammell batted 657 times. He had 60 walks, 140singles, 34 doubles, 3 triples, and 28 home runs. In 1987, Tony Gwynnbatted 671 times. He had 82 walks, 162 singles, 36 doubles, 13 triples, and7 home runs. Calculate the number of hits plus walks?
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Answer:
George Bell had 231 hits plus walks.
Wade Boggs had 305 hits plus walks.
Alan Trammell had 265 hits plus walks.
Tony Gwynn had 300 hits plus walks.
Explanation:
In baseball, a basehit is either a single, a double, a triple or a home run. So
George Bell
39 walks, 105 singles,32 doubles, 4 triples, and 47 home runs.
39 + 105 + 32 + 4 + 51 = 231
George Bell had 231 hits plus walks.
Wade Boggs
105 walks, 130 singles, 40 doubles, 6 triples, and 24 homeruns.
105 + 130 + 40 + 6 + 24 = 305
Wade Boggs had 305 hits plus walks.
Alan Trammell
60 walks, 140singles, 34 doubles, 3 triples, and 28 home runs.
60 + 140 + 34 + 3 + 28 = 265
Alan Trammell had 265 hits plus walks.
Tony Gwynn
82 walks, 162 singles, 36 doubles, 13 triples, and 7 home runs.
82 + 162 + 36 + 13 + 7 = 300
Tony Gwynn had 300 hits plus walks.
Sally Smith decided to start a sea shell business organized as a corporation. Her initial investment in the business consisted of $10,000 in cash in exchange for common stock. Record this transaction in the accounting equation of the new business by___________.
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When Sally Smith invests $10,000 cash into her new corporation in exchange for common stock, she increases both the company's assets and owner's equity by $10,000. This reflects in the accounting equation as: $10,000 (Assets) = $0 (Liabilities) + $10,000 (Owner's Equity).
Explanation:In this scenario, Sally Smith creates a corporation and makes an initial investment of $10,000 cash which is exchanged for common stock. To record this transaction in the new business's accounting equation, we need to understand that the accounting equation is Assets = Liabilities + Owner's Equity. Her investment increases the company's assets (cash) by $10,000 and at the same time increases the owner's equity (common stock) by $10,000. Therefore, the equation after this transaction is as follows: $10,000 (Assets) = $0 (Liabilities) + $10,000 (Owner's Equity).
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Which of the following are non-cash expenses on the income statement? Amortization expense Income tax expense Depreciation expense Interest expense
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Answer:
Depreciation and amortization are non cash expenses.
Explanation:
Amortization expense is a non cash expense because amortization is an accounting technique used to lower the book value of a loan or intangible asset and since there are no payments or cash involved this is a non cash expense.
Depreciation is also a non cash expense as it is accounting technique used to lower the book value of fixed assets therefore no cash is used in this transaction and it is a non cash expense.
Income tax expense and interest expense are not non cash expenses as cash is involved in these transactions.
The non-cash expenses in your list are Amortization Expense and Depreciation Expense. These represent the gradual loss in value of assets, whether they're tangible (like equipment or buildings) or intangible (like patents or licenses). Income Tax Expense and Interest Expense aren't considered as non-cash expenses.
Explanation:Non-cash expenses are business expenses that do not involve any actual cash transfer but instead represent a measurable depletion of assets. These can be found on an income statement and are primarily used in accrual-based accounting. The non-cash expenses you have mentioned are Amortization expense and Depreciation expense.
Amortization Expense: It refers to the cost of using intangible assets like patents, licenses, etc., over their useful life. It's termed as an expense because, even without an outflow of cash, there's a gradual loss of the asset's value.
Depreciation Expense: This refers to the cost of using tangible assets like equipment, vehicles, or buildings over their identified useful life. Despite no immediate cash outlay, there’s an inherent loss of value in these assets which must be accounted for over time.
On the other hand, Income Tax Expense and Interest Expense are not considered non-cash expenses since they directly incur a cash outflow or directly reduce cash availability.
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Identify which of the below factors will achieve great results with your client:a. feedbackb. quality work
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Answer:
The correct answer is letter "B": quality work.
Explanation:
The quality of a good or service determines if the standard expectation of a product is met according to a consumer. Typically, when the good or service has above-standard quality, consumers are likely to purchase it regularly. The opposite happens with below-standard goods or services: consumers stop buying them.
In a small business that is seeking to innovate in its products and services as well as its internal processes, a manager is more likely to focus on and less likely to emphasize the informational roles of monitor and disseminator. One consequence for nonprofits of using resources inefficiently is that__________.
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Donors may be less likely to contribute as a result of NGOs spending resources inefficiently.
What is Nonprofit organization?A nonprofit organization or non-profit institution, also referred to as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity set up and run for a group's, the public's, or society's benefit as opposed to a business that operates to make money for its owners.
A nonprofit is subject to the non-distribution constraint, which states that any surplus funds must be used to further the organization's goals rather than being distributed to outside parties. Numerous institutions, such as various political groups, schools, business organisations, churches, social clubs, and consumer cooperatives, fall under the nonprofit category.
An organization can establish as a nonprofit entity without obtaining tax-exempt status, while nonprofit entities may apply to governments for approval to be tax-exempt and some may also be eligible to receive contributions that are tax-deductible.
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