Answer:
D) Young Student Entrepreneurs
Explanation:
The correct name is Young Entrepreneurial Students or YES. Yes is a religious organization that helps marginalized students (ages 12 - 25) to develop entrepreneurial success. YES is located in Dade City, Pasco County, Florida.
Its moto is "YOU DON’T HAVE TO BE OLD TO START SOMETHING NEW!"
During February 2017, its first month of operations, the owner of Schwenn Enterprises invested cash of $100,000. Schwenn has cash sales of $20,000 and paid expenses of $35,000. Assuming no other transactions impacted the cash account, what is the balance in cash at February 28?
Answer:
Cash balance is $85,000
Explanation:
In determining the cash balance of the period, we must know how much is the inflow and outflow of the cash for the period and add it or deduct to the beginning balance. It is simply, beginning balance plus inflows less outflows. February is the first month of the operation of Schwenn Enterprises, that only means the possible beginning balance of the cash is the cash investment. So to further discuss it clearly, let’s do the computation.
Beginning balance on February $100,000
Add: inflow
Cash sales $20,000
Less: outflow
payment on expenses $35,000
CASH BALANCE AT FEBRUARY 28 $85,000
Overton, Inc. had the following transactions in 2017, its first year of operations: • Issued 15,000 shares of common stock. Stock has par value of $0.01 per share and was issued at $39.00 per share. • Earned net income of $300,000. • Paid dividends of $15.00 per share. At the end of 2017, what is total stockholders' equity?
Answer:
total stockholders' equity = $660000
Explanation:
given data
Issued = 15,000 shares
par value = $0.01 per share
issued = $39.00 per share
net income = $300,000
Paid dividends = $15.00 per share
to find out
total stockholders' equity
solution
we get here common stock that is express as
common stock = 15,000 × $39
common stock = $585000
and
dividends is = $15 × 15000
dividends = 225000
so
total stockholders' equity will be
total stockholders' equity = common stock + net income - dividends
total stockholders' equity = $585000 + $300,000 - 225000
total stockholders' equity = $660000
Case 6-2 Bryan has just started an internship in which he uses a database frequently. The database contains information about the company’s employees. Bryan’s supervisor senses that he is anxious about using the database and drops by to give him a short tutorial. The supervisor explains that each employee’s information forms a separate ____.
Answer:
Record
Explanation:
A record here implies a collection of attributes containing fields that provides description of an employee.
While a database is an organized collection of raw data stored electronically, containing a collection of records or files.
In summary the database brings together records stored in separate files into a central record that provides data for many application.
A manufacturer of running shoes is implementing lean operation concepts into their production process. Which critical success factor would assure a smooth transition into the new program?
Answer:
Understand consumers' needs and desires
Explanation:
Lean operation concepts is a Japanese manufacturing concept that tries to eliminate or at least reduce wastes or "muda". Any activity that consumes resources without adding value to the manufacturing or sales processes is considered a waste. The main benefit of lean operations is that companies tend to search and implement continuous improvement. The process itself doesn't stop since companies and their processes continuously evolve or change since consumers' needs also change.
Companies A and B have the same total assets, sales, operating costs, and tax rates, and they pay the same interest rate on their debt. However, company A has a higher debt ratio. Which of the following statements is INCORRECT? a. Both companies have the same BEP ratio. b. Given this information, Company B must have the higher ROE. c. Given this information, Company A must have the higher ROE.
Answer:
c. Given this information, Company A must have the higher ROE.
Explanation:
ROE = Net income/Total assets. Interest expense is higher for Company A, hence its net income is lower than Company B's. Therefore, ROE of A < ROE of B
A central bank that follows a dual mandate A. places equal weight on two coequal objectives. B. will first achieve its primary goal before it pursues it secondary goals. C. mostly uses open-market operations and occasionally uses the discount rate. D. uses open-market operations and discount lending equally. Is it better for an economy to operate under a hierarchical mandate or a dual mandate?
Answer:
A) places equal weight on two coequal objectives.The problem a central bank may have by dealing only with a hierarchical mandate is that it may focus only on that specific goal and not properly take care of other variables; If it focuses only in unemployment, it may increase inflation too much; If it only focuses on inflation, it might increase unemployment.Explanation:
The Federal Reserve's Dual Mandate is to regulate monetary policy in order to foster economic conditions that achieve both stable prices and maximum sustainable employment.
The FED's current dual mandate was given to them by Congress through the Federal Reserve Act of 1977.
Coronado Industries has equipment with a carrying amount of $2590000. The expected future net cash flows from the equipment are $2620000, and its fair value is $2039000. The equipment is expected to be used in operations in the future. What amount (if any) should Coronado report as an impairment to its equipment?
Answer:
Nil or Zero impairment
Explanation:
According to IAS 36 impairment of assets, an asset is impaired when the carry amount is lower that the recoverable amount. The recoverable amount is the higher of the value in use or the fair value less cost to sell. The value in use is the present value of the future cash inflows expected from the use of the asset.
Carrying amount = $2,590,000
Fair value = $2,039,000
Expected future net cash flows from the equipment = $2,620,000
The recoverable amount equals expected future net cash flows from the equipment since this is higher than fair value. This is $2,620,000
Since this is higher than the carrying amount and as such, the asset is not impaired.
Coronado report nil as an impairment to its equipment.
Retained earnings $52,000 Accounts Payable $15,000 Supplies 37,000 Common stock 25,000 Equipment 72,000 Note payable (due in 18 months) 35,000 Accounts Receivable 8,600 Interest payable 7,000 Unearned revenue 6,000 Cash 22,400 What is the amount of current liabilities?
Answer:
$22,000
Explanation:
Current liabilities are debts that a company must pay within a twelve month period.
This company's current liabilities are:
Accounts payable $15,000 Interest payable $7,000Total current liabilities = $15,000 + $7,000 = $22,000
Since the note payable is due in 18 months, it is not considered a current liability.
Tim and Tammy are updating their financial plan and are concerned that they might not have enough life insurance coverage for their family, which includes two children, ages 4 and 10. They have determined that their annual income is $56,000 and their net worth is now $150,000. What is the amount of life insurance they should carry using the easy method? Multiple Choice $599,200 $274,400 $560,000 $392,000 $56,000
Answer:
$274,400
Explanation:
Data provided in the question:
Annual income of Tim and Tammy = $56,000
Net worth of Tim and Tammy = $150,000
Now,
Using the easy method
Step 1;
Multiply the annual gross income by 70%
⇒ $56,000 × 0.70
⇒ $39,200
Step 2 :
Multiply the above result with 7
⇒ $39,200 × 7
⇒ $274,400
therefore,
we get the amount of life insurance as $274,400
On January 30, 2019, prior to the issuance of its financial statements for the year ended December 31, 2018, Crane declared a 100% stock dividend on its common stock. Net income for 2018 was $1130000. In its 2018 financial statements, Crane's 2018 earnings per common share should be: (rounded to the nearest penny)
Answer:
See below.
Explanation:
Assuming an initial outstanding common shares of 100,000
100% stock dividend means that another 100,000 shares have been issued,
Total outstanding shares then are = 100,000+100,000 = 200,000
Earnings per share = Net Income / Total shares
EPS = 1,130,000 / 200,000
EPS = $5.65/share
You can compute this by inputting any number of shares and increasing the total number by a 100%.
Hope that helps.
Answer:
jnjankdnakmkdamkd
Explanation:
Upon the death or disability of a licensed real estate broker who was engaged in a proprietorship or who was the only licensed broker in a corporation or partnership, the estate, an adult family member, or an employee of the licensee conclude the broker’s business for ____ following the death or disability of the broker.
Answer:
180 days following the death or disability of the broker.
Explanation:
According to the real estate regulations, in the event of circumstances such as death or disability of a broker (a person who buys or sells real estate assets for others), an adult family member of the deceased can conclude the broker’s business for 180 days following the death or disability of the broker.
However If there is no adult family member available, then an employee of the deceased broker is selected.
Gail Co. has determined the cost of its 12/31/Year 1 inventory on a moving-average basis to be $200,000. Information pertaining to that inventory at year-end is as follows:
Estimated selling price - $215,000
Estimated cost of disposal - 10,000
Normal profit margin - 20,000
Current replacement cost - 190,000
What loss on inventory write-down, if any, should be recognized in Gail's Year 1 income statement?
A. $10,000
B. $15,000
C. $0
D. $20,000
Answer:
C) $0
Explanation:
Gail determined that its inventory's worth by using the lower of cost or net realizable value (NRV). All the inventory accounting methods use this valuation method except LIFO or retail.
In this case the NRV of the inventory is the selling price minus selling costs = $215,000 - $10,000 = $205,000, but the inventory's cost is already lower since the average cost is only $200,000. Therefore the inventory's value is reported at its cost, so there is no reason why a write-down should be recognized.
iTicket, an online event-ticketing site, recently discovered that most of its good seats for a widely anticipated concert were preemptively booked in bulk by brokers. This resulted in a shortage of tickets that the public could have bought themselves. Which of the following would have best helped the brokers to book tickets in such large numbers?
Answer:
bots
Explanation:
A bot is an application which simulates an individual's interaction with other users or systems. They are usually able to perform simple and repetitive tasks in large quantitative which would be very improbable for a human to perform, e.g. they can spend several days in social media applications.
In this case, brokers probably used bots to purchase tickets by making several small purchases.
Approximately how many free Americans remained loyal to the British during the war? a. 20 to 25 percent. b. 10 to 15 percent. c. 30 to 35 percent. d. 5 to 10 percent. e. 45 to 50 percent.
Answer:
The Correct Option is A: 20 to 25 percent.
Explanation:
In a report by an American historian, it was stated that about 450,000 Americans did not stop being loyal to the British during the revolutionary period. This population represents about 20 percent of Americans having European Origin, or approximately 16 percent of the entire population.
Answer:
a. 20 to 25 percent
Explanation:
The war referred to in this question is the American Revolution and the Free Americans who remained loyal to the British during the war were colonists who were in support of the British and were referred to as Tories or Loyalists.
It is estimated that about 450,000 Americans were loyalists or Tories during the American Revolution. This represented about 20-25% of the Americans who are of the European Origin.
A developer would most likely obtain which of the following types of mortgage on a new subdivision?
Answer:
Blanket Mortgage
Explanation:
This type of mortgage would suit developers because of their intention to create many individual parcels out of a large tract of land in order to be resold gradually. Blanket mortgage is a loan type that are used for buying more than one real estate property. This loans are popular with builders and developers because they buy huge lands and sell them in small bits over a period.
How can you minimize your risks of heart attack and stroke? a. Consume fewer grams of saturated and trans fats. b. Consume more fruits and vegetables and fewer servings of nuts. c. Quit smoking and consume less fish. d. Quit smoking and eat more trans fat. e. Consume more calories and get more exercise.
Answer:
a. Consume fewer grams of saturated and trans fats.
Explanation:
To minimize your risks of heart attack and stroke it is needful to consume less trans fat because eating trans fat is most likely to increase your risk of developing heart disease and stroke.
Saturated fats can also spike the risk of having heart disease because it increases the LDL cholesterol level and by extension the level of likelihood of developing stroke and/or heart disease.
Consider a market with a positive externality. The market will tend to ________ the good because the market participants tend to ignore the ________ of their decision.
Consider a market with a positive externality. The market will tend to under produce the good because the market participants tend to ignore the external benefit of their decision.
Explanation:
If a favourable externality occurs, total social benefit dominates marginal private benefit.
For example, free markets will supply amounts Q at price P when looking at the education market. Including external advantages, economically productive efficiency rises to Q1.
There are less developed and packed with positive externalities than the socially desirable amount. In an unregulated market, where favorable externalities arise, consumers pay lower prices and spend less than the economically productive product.
Final answer:
Consider a market with a positive externality. The market will tend to underproduce the good because the market participants tend to ignore the external benefits of their decision.
Explanation:
Consider a market with a positive externality. The market will tend to underproduce the good because the market participants tend to ignore the external benefits of their decision.
Externalities will generally cause competitive markets to behave inefficiently from a social perspective, absent a mechanism to involve all the affected parties. This is because market transactions reflect only private costs and advantages, not the costs or advantages to third parties.
Governments can intervene by subsidizing positive externalities to encourage more production of the good with beneficial externalities, thereby nudging the market towards a more efficient outcome that incorporates the social benefits in the production decision.
A nonequity strategic alliance exists whena. the partners agree to sell bonds instead of stock in order to finance a new venture. b. two firms join together to create a new company. c. two partners in an alliance own unequal shares in the combined entity. d. two or more firms have a contractual relationship to share resources and capabilities.
Answer:
D) two or more firms have a contractual relationship to share resources and capabilities.
Explanation:
As a more general term, a strategic alliance is an agreement between two or more independent companies to work together in a specific market (or a group of specific markets).
A non-equity strategic alliance refers to a type of strategic alliance where the participating companies share their resources and capabilities together, but they do not form any type of independent company and no participating company invests in the other participating companies.
A nonequity strategic alliance is a contractual relationship between two or more firms to share resources and capabilities. It does not involve creating a new company, and the ownership shares in the combined entity can be unequal.
A nonequity strategic alliance exists when two or more firms have a contractual relationship to share resources and capabilities. In this type of alliance, the partners do not necessarily join together to create a new company, and the ownership shares in the combined entity can be unequal. It is a collaborative agreement between companies to achieve mutual goals and benefits.
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Customer Information Programs (CIPs) use several examples to define a person opening a new account. In which scenario should the person be considered a customer under a bank's CIP?A. Larry Lucky, President and CEO of Lucky Licks, Inc., a company that manufactures lollypops and maintains an operating account at your bank.B. Cara Carothers, who regularly uses your bank's ATM, but does not have an account at your bank.C. Herman O'Neill, who cashes his paycheck at your bank, but does not have an account at your bank.D. Stanley Smith, an 80-year old man who cashes his pension check at your bank every month and maintains a small senior checking account that he seldom.
Answer:
Option (D) is the right answer.
Explanation:
According to the scenario, the most appropriate answer is option ( D) because Stanley smith is a customer of the bank as he has a checking account in the bank.
While the other options are wrong because of the following reasons:
Option (A) is incorrect because the company lucky licks Inc. is the customer of the bank, not any person. Option (B) is incorrect because Cara is not the customer of the bank as she only uses the bank's ATM. Option (C) is incorrect because Herman is not the customer of the bank as he only cashes his checks in the bank.A bond with a face value of $100,000 was issued for $93,500 on January 1 of this year. The stated rate of interest was 8 percent and the market rate of interest was 10 percent when the bond was sold. Interest is paid annually. How much interest will be paid on December 31 of this year?
Answer:
So interest payment will be $8000
Explanation:
We have given face value of the bond = $100000
And bond is issued for $93500
Standard rate of interest = 8 %
And market rate of interest = 10 %
We have to find the interest paid
Interest payment will be given by
Interest payment = face value of bond × standard rate of interest
= $100000×0.08 = $8000
So interest payment will be $8000
Very early in 2018, while developing software for sale to others, after achieving technological feasibility but before the commencement of commercial production, X Company incurred $320,000 to produce product masters and to test the software. X Company es
Answer:
Costs incurred after reaching technological feasibility but before commercial production, such as the production of product masters, are capitalized and amortized.
The amount of amortization will be the greater amount when calculated under both the straight-line method and the volume of output approach.
Under straight-line, amortization will be 10% of $320,000 or $32,000.
Under the volume of output approach the ratio of current sales,$120,000, to the total of current and estimated future sales, $120,000 + $680,000 or $800,000, is multiplied by the $320,000 carrying value of the amortizable costs to determine amortization of , $120,000/$800,000 × $320,000 = $48,000.
Since it is larger, $48,000 will be the amount of amortization in 2018.
In addition, X will determine if the carrying value of the software exceeds its net realizable value is $612,000, which exceeds the carrying value of the software indicating no need for further amortization
Explanation:
Anti-pollution policies can be over-aggressively designed and implemented, resulting in:________.a) the social costs of pollution reduction becoming less than the benefits. b) too few resources being devoted toward reducing pollution. c) the social benefits of pollution reduction becoming zero d) the social costs of pollution reduction becoming greater than the benefits.
Answer:
D) the social costs of pollution reduction becoming greater than the benefits.
Explanation:
If anti-pollution policies are over-aggressive, that means that they are extremely strict and usually too expensive to comply with. For example, France plans to ban all internal combustion cars by 2030. That means that only electric cars or hydrogen powered cars will be sold in France starting 2030.
This type of policy is extremely aggressive and really hard to achieve successfully since electric cars or hydrogen powered cars are not cheap. Therefore the social costs of implementing that policy will probably be greater than the social benefits generated by the policy. In Europe cheap cars start around 10,000€ while electric cars start over 30,000€ (if you take away government subsidies the price rises).
Prior to working at a VITA/TCE site, ALL VITA/TCE volunteers (greeters, client facilitators, tax preparers, quality reviewers, etc.) must:a.Annually pass the Volunteer Standards of Conduct (VSC) certification test with a score of80% or higher.b.Sign and date the Form 13615, Volunteer Standards of Conduct Agreement, agreeing to comply with the VSC by upholding the highest ethical standards.c.Pass the Advanced tax law certification.d.All of the abovee.A and B
Answer:
E) A and B
Explanation:
All the people that volunteer for the VITA/TCE Program must first take the standards of conduct training program and then pass the certification test. Volunteers must at least pass the Basic course test, but can qualify for the Advanced, Military or International course.
If the volunteer takes the course and the exam through Link and Learn Taxes on IRS.gov, the Volunteer Standards of Conduct Agreement (Form 13615) is updated with the volunteer's personal information.
Toyota and its suppliers have a relationship in which Toyota encourages suppliers to modernize their facilities and provides them with technical and financial assistance to do so. It also promotes longer-term contracts with suppliers and enables engineers in the supplier companies to have better communication with Toyota. This is an example of a(n):
a. SBU multidivisional structure.
b. worldwide product divisional structure.
c. strategic network.
d. functional structure.
Answer:
c. strategic network.
Explanation:
Based on the information provided within the question it can be said that this is an example of a strategic network. This term refers to a coordinated cooperation between various independent companies that promotes long-term business relationships, cooperation, and communication between the member companies within the network. Which is exactly what Toyota and it's suppliers have.
The supply of pineapples in Hawaii increases, causing pineapple prices to fall. Lower prices mean that Hawaiian households will increase what?
Answer:
Lower prices means - Hawaian households willl increase DEMAND of them .
Explanation:
At lower prices , more amount of pineapples are demanded .
This is because of LAW OF DEMAND : There is inverse relationship between price and quantity demanded of a good , other factors (income , other goods , income , tastes) remaining constant .
So , lower prices increase the quantity demanded of pineapples & there is EXPANSION in quantity demanded , DOWNWARDS movement along the downward sloping demand curve .
You are a CFP® designee who has been approached by the general partner of Beverage King Industries (BKI) to provide financial planning services to the top executives at BKI. Your brother has a ten percent limited partnership interest in BKI. Can you accept this engagement?
A. No, because your integrity is impaired.
B. No, because your objectivity is impaired.
C. Yes, but only after proper disclosure.
D. Yes, because your integrity and objectivity are not impaired; no disclosure is needed.
Answer:
C.
Explanation:
Yes, but only after proper disclosure.
CFP Board designee are individuals who meet and currently holding certifications of CFR Board. Beverages king Industries (BKI) otherwise refers to a client of CFP designee.
For me to accept to provide financial planning services to the top executives at BKI. There must be proper disclosure of my brother's investment at BKI as this is professional service.
Final answer:
A CFP® designee can accept a financial planning engagement with a company in which a relative has an interest, but must disclose the familial connection to the client to maintain objectivity and integrity. Proper disclosure enables the client to make an informed decision on the engagement.
Explanation:
The question regards whether a CFP® designee can accept a financial planning engagement with potential conflict of interest due to a familial connection. In this scenario, the financial planner's brother holds a ten percent limited partnership interest in Beverage King Industries (BKI), the company seeking financial planning services for its top executives.
The correct answer is C. Yes, but only after proper disclosure. The CFP Board's Standards of Professional Conduct require that potential conflicts of interest must be fully disclosed to clients. Once the planner has disclosed the relationship to the general partner and the executives at BKI, they are able to make an informed decision about whether they still want to engage the planner's services.
It is the act of disclosure that preserves the integrity and objectivity of the financial planner. Without disclosure, there would be a question of objectivity since the planner could potentially benefit indirectly through the success of their brother's investment in the company.
Dee's Fashions has a growth rate of 5.2 percent and is equally as risky as the market while its stock is currently selling for $28 a share. The overall stock market has a return of 12.6 percent and a risk premium of 8.7 percent. What is the expected rate of return on this stock?
Answer:
12.6%
Explanation:
Using the Capital Market Pricing Model (CAPM) to compute the expected rate of return on Dee's Fashion stock.
Expected rate of return = [tex]R_{f} +\beta (R_{m} -R_{f} )[/tex]
Where R(f) = risk free rate of return, or market return less risk premium = 12.6% - 8.7% = 3.9%
[tex]\beta[/tex] = the risk of the stock relative to the market risk. In this case, beta = 1, since the company is equally as risky as the market (as noted in the question)
R(m) = return of the stock market = 12.6%
Therefore, the expected rate of return on the stock
= 3.9% + 1 * (12.6% - 3.9%)
= 3.9% + 8.7%
= 12.6%.
The return is the same as the stock market return because the stock is equally as risky as the market.
1-in-6 wins Alan decides to use a different strategy for the 1-in-6 wins game of Exercise 85. He keeps buying one 20-ounce bottle of the soda at a time until he gets a winner. (a) Find the probability that he buys exactly 5 bottles. Show your work. (b) Find the probability that he buys no more than 8 bottles. Show your work.
Answer:
a) [tex]P(X=5) = 0.06691[/tex]
b) [tex]P(X \leq 8) = 0.791784[/tex]
Explanation:
Given data:
Probability of success = 1/6
1) Probability of buying 5 same bottles is calculated as
from information given we have
percentile x = 5
Probability of success = 1/6
hence from geometric distribution calculator we have
geometpdf (1/6, 5) = 0.06691
[tex]P(X=5) = 0.06691[/tex]
2) probability of buying not more than 8 bottles
percentile x = 8
geometpdf(1/6, 8) = 0.791784
[tex]P(X \leq 8) = 0.791784[/tex]
a). The probability of buying exactly 5 bottles would be:
[tex]P(X = 5) = 0.06691[/tex]
b). The probability of buying bottles not more than 8 would be:
[tex]P(X[/tex] ≤ [tex]8) = 0.791784[/tex]
a). Given that,
The winning probability = 1/6
To find,
The probability of buying exactly 5 bottles with percentile [tex](X = 5)[/tex] employing geometric distribution calculator [tex]1 - P^{x-1} p[/tex]
[tex]= (1/6, 5)[/tex]
[tex]= 0.06691[/tex]
b). The probability of buying bottles not more than 8
[tex]= (1/6, 8)[/tex]
[tex]P(X[/tex] ≤ [tex]8) = 0.791784[/tex]
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Carlo is a director of Desserts Italiano, Inc. Carlo opposes a tender offer that is in the company's best interest because its acceptance would cost his position as a director. Carlo is most likely liable for a breach of Select one:
a. the duty of loyalty.
b. the duty of care.
c. none of the choices.
d. the business judgment rule.
When words are insufficient to explain the quantitative relationship between two variables(i.e., stimulus andresponse, cause andeffect), economists often
1. spreadsheets
2. flow charts
3. mathematical equations
Answer:
3. mathematical equations
Explanation:
When word do not show the relationships between variables as much as economists want, mathematical equations are used. Also graphs are used to explain relationships between variables.
cheers
Final answer:
In economics, mathematical equations are often used when words are insufficient to explain the quantitative relationship between two variables. These equations help illustrate economic concepts and manipulate economic models.
Explanation:
In the study of economics, when words are insufficient to explain the quantitative relationship between two variables, economists often use mathematical equations as a tool. Mathematical equations help illustrate economic concepts and can be used to manipulate economic models. By using equations, economists can show the mathematical relationship between variables such as stimulus and response or cause and effect.