An economic profit includes implicit costs and accounting profit does not. A distinction between them is important because an accounting profit is a relative amount of money. Some amount of accounting profit may or may not be a sufficient amount of profit to keep an entrepreneur in:________

Answer:

his/ her present line of business

Explanation:

Economic profit is accounting profit less implicit cost

Accounting cost is total revenue less explicit cost

Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives

Explicit cost is the actual cost incurred in carrying out an activity.

In determining  profit, it is essential to consider implicit cost to determine if the business is earning economic profit

Suppose we want to highlight the year number for each year during which sales were at least 5% higher than the previous year. We would begin by selecting the cell range D6:D12 and choose Conditional Formatting from the Ribbon. Then you would select new rules followed by the Use a Formula option. Finally you would enter the following formula.
Year Actual Sales Cumulative Sales
1 77 77
2 58 135
3 78 213
4 40 253
5 42 295
6 44 339
7 74 413
8 83 496
A. (E5/E4)>1.05.
B. ($E$6/E5)>1.05.
C. (E6/E5)>1.05.
D. (E6/E5)>.05.

Swifty Corporation had the following selected transactions.
1. Kim Leppard invested $7,274 cash in the business in exchange for common stock.
2. Paid office rent of $1,382.
3. Performed consulting services and billed a client $6,838.
4. Declared and paid a $873 cash dividend.

Large businesses in developed economies generally find it more efficient to enlist the services of a financial institution to raise capital. A set of highly efficient financial intermediaries has evolved. In recent years, regulations against diversification of institutions have been largely removed; and today the differences between institutions have become blurred. Still, there remains a degree of institutional identity among them.

Give the correct response to each of the following questions.
a. Large conglomerates that combine many different financial institutions within a single corporation are known as_________
b. Organizations that underwrite and distribute new investment securities and help businesses obtain financing are known as_________
c. The traditional department stores of finance serving a variety of savers and borrowers are known as _________
d. Cooperative associations whose members are supposed to have a common bond are known as ___________
e. Retirement plans funded by corporations or government agencies for their workers and administered primarily by the trust departments Of commercial banks are known are:________

The following summarized Cash T-account reflects the total debits and total credits to the Cash account of Thomas Corporation for calendar year 2015.
Cash
Balance, Dec. 31, 2014 $212,900
Receipts from customers 9,367,600 Payments for inventory $2,482,414
Receipts from dividends 3,278,660 Payments for wages 861,819
Receipts from land sale 3,466,012 Payments for rent 496,483
Receipts from machinery sale 1,105,377 Payments for interest 337,234
Receipts from issuing stock 2,407,473 Payments for taxes 702,570
Receipts from borrowing 4,056,171 Payments for machinery 3,494,115
Payments for long-term investments3,531,585
Payments for note payable 599,526
Payments for dividends 777,511
Payments for treasury stock 337,234
Balance, Dec. 31, 2015 $
Required:
Use this information to prepare a complete statement of cash flows for year 2015. The cash provided or used by operating activities should be reported using the direct method.

Sigma Corporation applies overhead cost to jobs on the basis of direct labor cost. Job V, which was started and completed during the current period, shows charges of $6,000 for direct materials, $9,900 for direct labor, and $7,128 for overhead on its job cost sheet. Job W, which is still in process at year-end, shows charges of $3,000 for direct materials and $4,900 for direct labor.
Required:
Calculate the overhead cost be added to Job W at year-end

Assume you are the CEO of Black Diamond, a global organization. You realize that some of the people in your organization are more comfortable working in a strong hierarchy while others prefer to work more like colleagues with their managers than as leaders. You have a project that requires highly structured reporting relationships with a clear hierarchy because it is a joint venture project. You believe people from some cultures may not feel comfortable with such a strong hierarchical relationship. In this case, you might seek to put people on the project who are from a country: ________
A. High uncertainty avoidance
B. High collectivism
C. High assertiveness
D. High power distance

The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system.
April 30 May 31
Inventories
Raw materials $44,000 $49,000
Work in process 9,300 19,800
Finished goods 67,000 34,600
Activities and information for May
Raw materials purchases (paid with cash) 185,000
Factory payroll (paid with cash) 250,000
Factory overhead
Indirect materials 10,000
Indirect labor 57,500
Other overhead costs 106,000
Sales (received in cash) 2,000,000
Pre-determined overhead rate based
on direct labor cost 55%
Compute the following amounts for the month of May using T-accounts.
Cost of direct materials used.
Cost of direct labor used.
Cost of goods manufactured.
Cost of goods sold.
Gross profit.
Overapplied or underapplied overhead.

The following information is available for Pyle Garage for March, Year 2:
BANK STATEMENT
HAZARD STATE BANK
215 MAIN STREET
HAZARD, GA 30321
Pyle Garage Account number
629 Main Street 62-00062
HAZARD, GA 30321 March 31, Year 2
Beginning balance 3/1/Year 2 $9,093
Total deposits and other credits 30,215
Total checks and other debits 25,201
Ending balance 3/31/Year 2 14,107
Checks and Debits Deposits and Credits
Check No. Amount Date Amount
1462 $3,816 March 1 $1,160
1463 1,701 March 2 6,558
1464 8,059 March 6 5,001
1465 2,956 March 12 6,224
1466 1,464 March 17 6,022
1467 6,242 March 22 2,140
DM 73 CM 3,110
1468 890
The following is a list of checks and deposits recorded on the books of Pyle Garage for March, Year 2:
Check Amount of Amount of
Date No. Check Date Deposit
March 1 1463 $1,701 March 1 $6,558
March 5 1464 8,059 March 5 5,001
March 6 1465 2,956
March 9 1466 1,464
March 10 6,224
March 10 1467 6,242
March 14 1468 165 March 16 6,022
March 19 1469 1,557 March 19 2,140
March 28 1470 803 March 29 3,601
Other Information
Check no. 1462 was outstanding from February.
A credit memo for collection of accounts receivable was included in the bank statement.
All checks were paid at the correct amount.
The bank statement included a debit memo for service charges.
The February 28 bank reconciliation showed a deposit in transit of $1,160.
Check no. 1468 was for the purchase of equipment.
The unadjusted Cash account balance at March 31 was $13,036.
1. Prepare the bank reconciliation for Pyle Garage at the end of March.
2. How the adjustments described above affect the cash account.

A young graduate looks to save money to buy a house 5.00 years from today. He is somewhat conservative and will invest his money in a bond fund that pays 6.00% APR with quarterly compounding. The graduate invests $12,370.00 today. How much will his account be worth in 5.00 years

Dorcan Corporation manufactures and sells T-shirts imprinted with college names and slogans. Last year, the shirts sold for $11.10 each, and the variable cost to manufacture them was $6.10 per unit. The company needed to sell 22,400 shirts to break-even. The after tax net income last year was $5,760. Donnelly's expectations for the coming year include the following: (CMA adapted) The sales price of the T-shirts will be $14. Variable cost to manufacture will increase by one-third. Fixed costs will increase by 10%. The income tax rate of 40% will be unchanged. Sales for the coming year are expected to exceed last year's by 1,120 units. If this occurs, Dorcan's sales volume in the coming year will be:_____.

These financial statement items are for Martinez Company at year-end, July 31, 2022. Salaries and wages payable $ 2,400 Notes payable (long-term) $ 1,600 Salaries and wages expense 51,000 Cash 13,200 Utilities expense 22,900 Accounts receivable 9,800 Equipment 29,300 Accumulated depreciation-equipment 6,300 Accounts payable 4,500 Dividends 2,700 Service revenue 61,000 Depreciation expense 4,200 Rent revenue 9,000 Retained earnings (beginning of the year) 20,900 Common stock 27,400 Prepare a retained earnings statement for the year.\

Grove Co. acquired a production machine on January 1, 2019, at a cost of $575,000. The machine is expected to have a four-year useful life, with a salvage value of $118,000. The machine is capable of producing 88,000 units of product in its lifetime. Actual production was as follows: 19,360 units in 2019; 28,160 units in 2020; 24,640 units in 2021; 15,840 units in 2022. Following is the comparative balance sheet presentation of the net book value of the production machine at December 31 for each year of the asset’s life, using three alternative depreciation methods (items a–c):
Productiom Machine Net of Accumulated Depreciation
At December 31
Depreciation Method 2019 2018 2017 2016
a. 80000 152000 264000 392000
b. 80000 80000 120000 240000
c. 80000 180000 280000 380000
Required:
Identify the depreciation method used for each of the preceding comparative balance sheet presentations.If a declinining balance method is used be sure to indicate the percentage.

Scenario #3: Isaiah


Isaiah is in his 50s and currently does not have a retirement fund. However, he recently read a few articles about the insufficient savings of people in retirement and, as a result, he decides he wants to start now. He saves $500 per month for 15 years and earns 7% by investing in the stock market* through an index fund.


9. What is the total balance in the account after 15 years?


10. How much of the total did Isaiah contribute himself?


11. How much money did Isaiah make through compounded returns in this investment account?


12. Explain why Isaiah’s total balance is less than Pamela’s even though his money earned the same rate of return and his monthly contribution was higher than hers.

______________________________________________________

Question 4: If someone you know wanted to start investing, what best practices would you recommend they follow so they can harness the power of compounding? Explain your reasoning.


please hurry

TB MC Qu. 03-111 A manufacturer of cedar shingles...
A manufacturer of cedar shingles has supplied the following data:
Bundles of cedar shakes produced and sold 262,000
Sales revenue $ 2,122,200
Variable manufacturing expense $ 975,200
Fixed manufacturing expense $ 487,000
Variable selling and administrative expense $ 260,400
Fixed selling and administrative expense $ 276,000
Net operating income $ 123,600"
The company's contribution margin ratio is closest to:__________ (Do not round Intermediate calculations. Round your answer to whole percentage)
a) 42%
b) 34%
c) 66%
d) 58%

Dr. Ruth is going to borrow $8,700 to help write a book. The loan is for one year and the money can be borrowed at either the prime rate or the LIBOR rate. Assume the prime rate is 9 percent and LIBOR 0.5 percent less. Also assume there will be a $75 transaction fee with LIBOR (this amount must be added to the interest cost with LIBOR). a. What is the effective interest rate on the LIBOR loan

Peeples, Inc., has a book value of equity of $13,500. Long-term debt is $7,700. Net working capital, other than cash, is $1,990. Fixed assets are $18,450 and current liabilities are $1,670.

A) How much cash does the company have? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

B)What is the value of the current assets? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Jane The Virgin Trivia

Jane's son's name is...?

Who is Jane's first husband?

How many seasons of the show are there?

Answer all correctly and you get 10 points and brainliest

On 1/1/22 Big Co acquired 60% of Little Co voting stock for $300,000. The fair value of the NC Interest was $200,000 on that date. Little's book value was $500,000, and all assets and liabilities had fair values equal to book value.
During 2022, Little reported earnings of $70,000 and paid dividends of $20,000.
1. What was Big's "investment income" ("Income from Little") for 2022? (xx,xxx)
2. What was the "income to the NC Interest" ("NCI in Net Income") for 2022? (xx,xxx)
3. After recording the equity method entries for the year, what was the end of year balance in the "Investment in Little" reported on Big's ledger? (xxx,xxx)
4. What was value of the NC Interest ("NCI in NA of Little") reported on the 12/31/22 Consolidated Balance Sheet? (xx,xxx)

You and your friends hike a total of 8 miles to the nearest campsite (Activity A). Upon arriving you break off into teams. One team will set up tents and hammocks for everyone to sleep in (Activity B). At the same time, another team will get wood for a fire (Activity C). Once they have the wood, that same team then proceeds to start the fire (Activity D). The third team will walk to find water (Activity E) and once they find it they will to collect water and bring it back to camp (Activity F). Once the fire is ready and the water is brought back to camp the two groups- the one collecting firewood and the one collecting water- will then purify the water (Activity G). Once the camp is set up and the water is purified everyone will come together and cook dinner around the campfire (Activity H). Once dinner is prepared and eaten half of the group stays behind to put out the fire (Activity I) and half of the group walks away from the campsite to dispose of the food waste (Activity J). After disposing of the food waste the second half of the group returns to the camp (Activity K). Once everyone is at the campsite the day of camping ends
Activity Optimistic time Most Likely Time Pessimistic Time
to complete to Complete to Complete
A Hike to the campsite 3 5 8
B Set up campsite 2 4 5
C Collect wood for fire 1 3 5
D Start a fire 1 2 3
E Find water 0.5 1 3
F Collect water and bring it 1 2 4
back to canm
G Purify the water 1 2 4
H Cook and eat dinner 1 3 4
I Put out fire 1 2 4
J Dispose of food waste 0.5 2 3
K Return from food waste disposal 0.25 1 2
a. Determine the critical path of the PERT chart in a.
b. Assuming a deterministic system how long will it take to complete the entire process.

Defining the research problem and research objectives is often regarded as the most difficult step in the marketing research project. Although this step is challenging, it is critically important because it is impossible to solve problems that have not been clearly defined. With the research problem defined, researchers must decide on the type of research they will pursue to generate the data they need. The three types of research (also called objectives) are exploratory, descriptive, and causal.

Match the problem description into the type of research that would most likely be used to generate the appropriate data.

1. Exploratory
2. Descriptive
3. Causal

a. Thirsty athletes: Greg needs to understand how the consumption of sports drinks varies by geographical region.
b. Hypotheses help: Joe's research problem is still not clearly defined, and he needs to generate some hypotheses for his research.
c. High heels: Sophia wants to know if she can increase the sales of shoes in her boutique by moving the display from the back of the store to next to the registers.
d. Yoga love: Gema wants to open a yoga studio in her hometown, but first she wants to understand how her hometown's residents feel about practicing yoga.

Washtenaw Corporation uses a job-order costing system. The following data are for last year: Estimated Direct Labor Hours 14,000 Estimated Machine Hours 12,000 Estimated Manufacturing Overhead Cost $42,600 Actual Direct Labor Hours 11,000 Actual Machine Hours 13,000 Actual Manufacturing Overhead Cost $39,000 Washtenaw applies overhead using a predetermined rate based on direct labor-hours. What predetermined overhead rate was used last year

Jan Gentry is the owner of a small company that produces electric scissors used to cut fabric. The annual demand is 8,000 scissors, and Jan produces the scissors in batches. On average, Jan can produce 150 scissors per day, and during the production pro-cess, demand for scissors has been about 40 scissors per day. The cost to set up the production process is $100, and it costs Jan 30 cents to carry one pair of scissors for one year. How many scissors should Jan produce in each batch

If annual overhead costs are expected to be $958000 and direct labor costs are expected to be $1000000, then if the activity base is direct labor costs:
A. $1.04 is the predetermined overhead rate.
B. a predetermined overhead rate cannot be determined.
C. for every dollar of manufacturing overhead, 1.04 cents of direct labor will be assigned.
D. for every dollar of direct labor, 95.8 cents of manufacturing overhead will be assigned.

General Manufacturing wants to borrow $1 million for three months. It uses its inventory as collateral for an 11% (APR) loan under a warehouse arrangement where the warehouse fee is $12,000 paid at the start of the three months. What is the EAR of this loan for General Manufacturing?
A) 2.8%.
B) 4.0%.
C) 17.1%.
D) 24.4%.

Indicate whether the item in each column is reported in the financial statements of the fund types listed below by clicking the corresponding boxes.
Statement Capital assets Long-term liabilities Encumbrances
1. General fund
2. Special revenue funds
3. Capital projects funds
4. Debt service funds
5. Permanent funds
6. Enterprise funds
7. Internal service funds
8. Pension (and other employee
benefit) trust funds
9. Investment trust funds
10. Private-purpose trust funds
11. Custodial funds

what makes a home a "dream home"?

By convention, a swap buyer on an interest rate swap agrees to act as the dealer in the swap agreement. hold both principal and interest to contract maturity. periodically pay a fixed rate of interest and receive a floating rate of interest. back both sides of the swap agreement. periodically pay a floating rate of interest and receive a fixed rate of interest.

You are considering changing jobs. Your goal is to work for three years and then return to school full-time in pursuit of an advanced degree. A potential employer just offered you an annual salary of $41,000, $43,000, and $46,000 a year for the next three years, respectively. All salary payments are made as lump sum payments at the end of each year. The offer also includes a starting bonus of $3,000 payable immediately. What is this offer worth to you today at a discount rate of 6.75%?
A. $11,406.
B. $114,545.
C. S116,956.
D. $120,212.
E. S133,697.

You have recently won the super jackpot in the Washington State Lottery. On reading the fine print, you discover that you have the following two options:
a. You will receive 31 annual payments of $250,000, with the first payment being delivered today. The income will be taxed at a rate of 28 percent. Taxes will be withheld when the checks are issued.
b. You will receive $530,000 now, and you will not have to pay taxes on this amount. In addition, beginning one year from today, you will receive $200,000 each year for 30 years. The cash flows from this annuity will be taxed at 28 percent. Using a discount rate of 6.25 percent, which option should you select?

Oslo Food Company distributes to consumers coupons which may be presented (on or before a stated expiration date) to grocers for discounts on certain products of Flavor. The grocers are reimbursed when they send the coupons to Oslo. In Oslo's experience, 55% of such coupons are redeemed, and generally one month elapses between the date a grocer receives a coupon from a consumer and the date Oslo receives it. During 2021 Oslo issued two separate series of coupons as follows:
Consumer Amount Disbursed
Issued On Total Value Expiration Date as of 12/31/18
1/1/18 $500,000 6/30/18 $236,000
7/1/18 840,000 12/31/18 350,000
The only journal entry recorded to date is: debit to coupon expense and credit to cash of $815,000. The December 31, 2018 balance sheet should include a liability for unredeemed coupons of:_____.
a) $0.
b) $70,000.
c) $184,000.
d) $420,000.