Answer: c. $6,000.
Explanation:
Given: Checkable Deposits = $130,000
Amount Withdrawal = $10,000
Then, the new checkable deposit = (Checkable Deposits) - (Amount Withdrawal)
= $130,000-$10,000= $120,000
Reserves = 20% × (new checkable deposit)
=20% × $120,000 = $24,000
New reserve = (Reserve)-(Amount Withdrawal)
=$40,000 - $10,000 = $30,000
Excess Reserve = (New reserve) - (Reserves )
= $30,000 – $24,000 = $6,000
i.e. Excess reserve in bank is $6,000.
Hence, the correct answer is c. $6,000.
Suppose you are looking at the 2006 results of how the Echo generation classified specified items as either luxuries or necessities. Do you expect the results to reflect how the Echo generation would classify items in 2020? Explain. No, many luxury brands will no longer exist in 2020, and will thus be unavailable for purchase. Newer luxury brands will dominate the lists. Yes, people's ideas of luxuries or necessities rarely change. No, the generation will have aged by 14 years and their perception of items as necessities or luxuries might well have changed by then. Yes, though the generation will have aged by 14 years, their perception of items as necessities or luxuries will not have changed by then. Yes, the costs of luxuries or necessities doesn't change that much with time, so they would still be considered luxuries or necessities in 2020.
Answer:
No, the generation will have aged by 14 years and their perception of items as necessities or luxuries might well have changed by then.
Explanation:
In this the individual perception important. That means if the person considered the necessity so it would not be the necessity after the age of 14 years and if the person considered the luxury so the necessity would be considered for the same person after the age of 14 years
So the necessity and the luxury would be changed as per the perception
Therefore the answer is no.
In the "Case Nugget," Ziva Jewelry Inc., v. Car Wash Headquarters Inc., the plaintiff left his car and keys with a car wash employee and a thief drove off with the car, abandoning it unharmed after stealing jewelry valued at over $800,000 from the car's trunk. What was the final holding of the court in this case
Answer:
That the car wash was not liable to the plaintiff because the car wash employees had no notice they were taking responsibility for so much jewelry.
Explanation:
The case of Ziva Jewelry Inc., v. Car Wash Headquarters Inc involved a salesperson Stewart who locked jewellery in his car and took it to the car wash.
He did not disclose that there was expensive jewelry in the car.
The attendant finished washing the car and signalled to Stewart that his car was ready and walked away from the car.
Before Stewart could pay the bill someone had taken the car. Although the police recovered the car the jewellery was stolen.
Zeva Jewellry filed a motion against the car wash that they did not excercise due care in returning the vehicle.
In this instance the car wash was not liable because Stewart did not disclose there was expensive jewelry in the car.
Also the attendant had finished with his car and informed him of this. So it was out of their care when the car theft occured
what do firms get from households
Answer:
Households supply labor to firms and are paid wages in return. Firms use that labor to produce pizzas and sell those pizzas to households. There is a flow of goods (pizzas) from firms to households and a flow of labor services (worker hours) from households to firms.
Explanation:
" One of the difficulties in measuring the effectiveness of IMC efforts is the _______________, where consumers do not act immediately after receiving a marketing communication. Group of answer choices"
Answer:
lagged effect
Explanation:
Integrated marketing communication is one that involves the use of all form of communication to obtain a more effective promotion by a company.
The use of combination of promotion tools gives a better effect than each one in isolation.
A major difficulty in measuring IMC is the lagging effect.
Lagging effect is the difference in time between when marketing effort is made and when customers respond to these efforts.
For example consumers do not act immediately after receiving a marketing communication.
Using the assembly-line balancing procedure, which of the following is the required cycle time in minutes per unit if the daily production time is 480 minutes and the required daily output is 50 units?
a- 480
b- 0.104
c- Cannot be determined from the information above
d- 50
e- 9.6
Answer:
e - 9.6
Explanation:
Since the daily production time is 480 minutes, and the daily output is 50 units. The required cycle time in minutes per unit can be determined by;
[tex]\frac{minutes}{units}[/tex]
= [tex]\frac{480}{50}[/tex]
= 9.6 min/unit
This implies that it takes 9.6 minutes to produce a unit daily. Then 480 minutes to produces 50 units daily.
In terms of the global marketplace, there are three primary types of companies: international firms, multinational firms, and transnational firms. The key factor that distinguishes one from another is
Answer: the firm's orientation toward and strategy for global markets and marketing.
Explanation:
The options to the question are:
A. the firm's financial capacity to take risks.
B. the willingness and ability to embrace diversity.
C. the firm's orientation toward and strategy for global markets and marketing.
D. the relative position of the product or service in terms of its life cycle.
E. the relative size of the firm both in financial terms and in production capacity.
International firms are the firms that have their headquarter in a particular country but still maintain vital investments outside that particular country.
A multinational company is a company that has factories in different parts of the world but has centralized head office. The centralized head office handles the global management.
A transnational firm is a firm that does business in several countries and does not consider any country its home.
The key factor that distinguishes one from another is the firm's orientation toward and strategy for global markets and marketing.
In 1945, an African American family tries to purchase a home in a White neighborhood, but realtors and mortgage lenders refused to facilitate their purchase. This practice is an example of ______.
Answer:
The correct answer will be "Redlining".
Explanation:
Redlining seems to be the technique of refusing, or paying more than that for, service providers including certain banking, affordable healthcare, and perhaps even convenience stores, or refusing jobs especially to people, particularly disproportionately influenced communities.In commercial property, it would be a discriminatory activity, especially when it involves investors who refuse to offer extra income and perhaps make payments to borrowers in many of these sections of the province.So that given instance is an example of "Redlining".
. In one year, Hitech Microdevices will pay a common stock dividend of $4.35. You predict that you will be able to sell your Hitech stock for $57 per share after 1 year. If you require a rate of return of 16 percent on Hitech stock, how much would you be willing to pay now for a share of the stock?
Answer:
$52.89
Explanation:
To calculate the present value of a stock, we use the formula,
D + E
(1 + R)^Y
where, D = expected dividend, $4.35
E = expected stock price, $57
R = real rate of return, 16% or 0.16
Y = Number of years, 1
we have,
$4.35 + $57
(1 + 0,16) ^1 = $61.35 ÷ 1.16
= $52.887 ≈ $52.89.
The present value of the stock is $52.89.
Cheers.
Production and sales estimates for March for the Streamline Systems Co. are as follows: Estimated inventory (units), March 1 17,500 Desired inventory (unit), March 31 20,300 Expected sales volume (units) 35,000 Unit sales price $15 a.35,000 b.37,800 c.20,300 d.17,500
Answer:
b.37,800
Explanation:
The computation of the number of units expected to be manufactured is shown below:-
Number of units expected to be manufactured = Sales + Ending inventory - Beginning inventory
= 35,000 + 20,300 - 17,500
= 37,800 units
Therefore for computing the number of units expected to be manufactured we simply applied the above formula.
Your manager is not happy with the symbol chairman and changes it to chair. The manager is demonstrating that language can be metaphorical. can be regulative. can be gender-inclusive. can clarify meaning. can express commonalities.
The correct answer is C. Can be gender-inclusive
Explanation:
Language is gender-inclusive if words do not exclude a particular sex or gender. For example, the word "mankind" used to refer to human species is considered as non-inclusive because it can be interpreted as an exclusion of women. In this context, if the manager changes "chairman" by "chair" the manager is showing language can be gender-inclusive because the manager changed the term to make it general and avoid the exclusion of women.
Answer the question on the basis of the following information. A farmer who has fixed amounts of land and capital finds that total product is 24 for the first worker hired; 32 when two workers are hired; 37 when three are hired; and 40 when four are hired. The farmer's product sells for $3 per unit and the wage rate is $13 per worker. Refer to the given information. The marginal revenue product of the second worker is:
Answer: $24
Explanation:
Given the following :
Total product for first worker hired = 24
Total product when two workers are hired = 32
Product price = $3 per unit
The marginal revenue product of a worker is equal to the product of the marginal product of labor (MPL) and the marginal revenue (MR) of output.
Marginal revenue product of second worker:
The marginal product of labor :
Change in output when additional labor is added
Therefore, change in product when worker increases from one to two workers ;
32 - 24 = 8 products
Marginal product of labor * product price
8 * $3 = $24
What term refers to the fit between a person’s abilities and the demands of the job and the fit between a person’s desires and motivations and the attributes and rewards of a job? A. manager-employee fit B. occupation-group fit C. person-job fit D. employee-environment fit
Answer:
person-job fit
Explanation:
This fit is called the person-job fit. This is a concept which details how well an a person or an employee is suitable for the position who which he or she is applying for or employed. employees who are the best fit for their positions should be hired because they help a firm to reduce turnover rate. Person job fit, increases organizational commitment, and also employee would experience more job satisfaction.
XYZ Company As a manager of XYZ Company, you are assigned to resolve a conflict between two departments of your organization, Department A and Department B. Both parties have equal power. Both parties are under time pressure to resolve the conflict. You also realize that the parties lack trust/openness for problem solving. Which conflict resolution style would you use in this situation?
Answer: I would use Compromising conflict resolution style
Explanation:
Since Both of the parties have equal power,lack trust/openness for problem solving
and they are both under time pressure to resolve the conflict which means as a manager I would use COMPROMISING CONFLICT RESOLUTION STYLE reason been that this type of conflict resolution style would enable me find a solution that will partially please both of the parties and to help encourage both of the parties involve in the conflict to give in some points about the conflict which will inturn help me to balance the needs of both of the parties.
You purchase a new car for $33,333. What is the outstanding balance on the loan after you make the second payment if you have a 5-year loan with monthly payments and an interest rate of 7.84% (compounded monthly)? (Round your answer to the nearest integer)
Answer:
$32,419
Explanation:
I prepared an amortization schedule using an excel spreadsheet. The monthly payment is $673.32:
year beginning scheduled principal interest ending
balance payment balance
1 $33,333 $673.32 $456 $218 $32,877 .45
2 $32,877 $673.32 $459 $215 $32,418.91
The outstanding balance after the second payment = $32,418.91 ≈ $32,419
Assume a fixed cost for a process of $120,000. The variable cost to produce each unit of product is $35, and the selling price for the finished product is $50. Which of the following is the number of units that has to be produced and sold to break even?
a. 790 units
b. 1,000 units
c. 500 units
d. 900 units
e. 667 units
Answer:
8000 units
Explanation:
Given the following :
Fixed cost = $120,000
Variable cost per unit of product = $35
Selling price per unit of product = $50
Number of units that has to be sold to break even:
Break even point (unit) is the ratio of the fixed cost and the unit contribution margin of a product.
Unit contribution margin = selling price - variable cost
Unit contribution margin = $50 - $35 = $15
Break-even point (unit) = $120,000 / $15
Break-even point (unit) = 8000 units
Consider an economy made up of 100 people who are sixteen years of age and older, 60 of whom hold jobs, 10 of whom are looking for work, and 15 of whom are retired. The number of people in the labor force is _____.
Answer:
Labor force= 70
Explanation:
Giving the following information:
Consider an economy made up of 100 people:
60 of whom hold jobs
10 of whom are looking for work
15 of whom are retired
The labor force is the number of people of age 16 or more that are working or actively looking for one.
Labor force= 60 + 10
Labor force= 70
Although the use of debt provides tax benefits to the firm, debt also puts pressure on the firm to: I) meet interest and principal payments, which if not met can put the company into financial distress; II) make dividend payments, which if not met can put the company into financial distress; III) meet both interest and dividend payments, which when met increase the firm cash flow; IV) meet increased tax payments, thereby increasing firm value
Answer:
I) meet interest and principal payments, which if not met can put the company into financial distress
Explanation:
Among the given options the first option is correct with respect to pressure on the firm as if the payment of debt is not given so the chances of liquidation of the firm are high that comes under the bankruptcy
So while taking the debt we need to pay the interest and principal payments so that the chances of the liquidation would be less
hence, the first option is correct
Danny’s boss is apathetic as to whether Danny works at home, at the office, or from his beach house. All he cares about is that the project is completed on time, on budget, and with exemplary quality. Which characteristic of organizational culture describes this aspect of Danny’s job?
The question is incomplete:
Danny’s boss is apathetic as to whether Danny works at home, at the office, or from his beach house. All he cares about is that the project is completed on time, on budget, and with exemplary quality. Which characteristic of organizational culture describes this aspect of Danny’s job?
A) low risk taking
B) high outcome orientation
C) high attention to detail
D) low aggressiveness
E) high stability
Answer:
B) high outcome orientation
Explanation:
-Low risk taking is when coservative decisions are made to avoid a high possibility of losing everything.
-High outcome orientation is when a business has high expectations and is focus on having good results.
-High attention to detail is when companies want their employees to focus on precision and attention to detail.
-Low aggressiveness is when people are not competitive.
-High stability is when the activities are focused on maintaining the existing structure.
According to this, the answer is that the characteristic of organizational culture that describes this aspect of Danny's job is high outcome orientation because his boss is focused on getting good results.
Nancy sold three capital assets that were held for investment. She sold stock in ABC Corporation for a gain of $10,000; stock in XYZ Corporation for a gain of $2,000; and corporate bonds for a loss of $20,000. Assuming all of the investments had a long-term holding period, how will the transactions be treated for tax purposes
Answer:
D) $3,000 deduction against ordinary income with a $5,000 capital loss carried forward to offset income for next year
Explanation:
Note: This question is not complete as it does not include the options. The complete question is therefore presented before answering the questions follows:
Nancy sold three capital assets that were held for investment. She sold stock in ABC Corporation for a gain of $10,000; stock in XYZ Corporation for a gain of $2,000; and corporate bonds for a loss of $20,000. Assuming all of the investments had a long-term holding period, how will the transactions be treated for tax purposes?
A) Gain of $12,000 taxed at 15% and a loss of $20,000 deductible against ordinary income
B) Net loss of $8,000 that is fully deductible against ordinary income in the current year
C) Net loss of $8,000 that results in no deduction in the current year, but can be carried forward to offset capital gains for the next year
D) $3,000 deduction against ordinary income with a $5,000 capital loss carried forward to offset income for next year
The explanation to the answer is therefore presented as follows:
The first step is to compute the net capital gain (loss) is as follows:
Particulars $
Gain from the sale of stock in ABC Corporation 10,000
Gain from the sale of stock in XYZ Corporation 2,000
Loss from the sale of corporate bonds (20,000)
Net capital gain (loss) (8,000)
In the US, individuals are allowed to use up to $3,000 to reduce their taxable income in the first year of the loss, while the remaining capital losses will be carried over to the next years.
From the net capital gain computed above, the correct option is D. That is, the $8,000 loss will be treated for tax purposes as a $3,000 deduction against ordinary income in the current year with the remaining $5,000 capital loss carried forward to offset income for next year.
Assuming Net Income for the year is $115,000, what is the net operating cash flows given the following information: Increase in Salaries Payable $15,000 Depreciation Expense $6,000 Increase in Prepaid Rent $24,000 Loss on sale of asset $1,000 Increase in Accounts Payable $25,000 Increase in Inventory $50,000
Answer:
Operating Cash flows refer to those that have to do with the day to day management of the business and result from the business's normal operations.
Increases in money owed are added to the balance as it means more money stayed with the company.
Increases in assets are deducted as it means money was spent on acquiring them.
Depreciation is added back as it is a non cash expense so also is the loss on sale of asset.
Net Operating Income $115,000
Add back:
Depreciation $6,000
Loss on sale of asset $1,000
Add:
Increase in Salaries Payable $15,000
Increase in Accounts Payable $25,000
Less:
Increase in Prepaid Rent ($24,000)
Increase in Inventory ($50,000)
Net Operating Cash-flows $88,000
The net operating cash flows based on the information given is $88,000.
Net operating cash flow:
Net Operating Income $115,000
Adjustments:
Add Depreciation $6,000
Add Loss on sale of asset $1,000
Increase in Salaries Payable $15,000
Add Increase in Accounts Payable $25,000
Less Increase in Prepaid Rent ($24,000)
Less Increase in Inventory ($50,000)
Net Operating Cash-flows $88,000
Inconclusion the net operating cash flows is $88,000.
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On December 31, Jacoby Company received a $385 bill for the purchase of supplies in December that it will not pay for until January 15. Jacoby follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment. The adjusting entry needed on December 31 to accrue this cost is:
Answer:
Supplies $385 (debit)
Accounts Payable $385 (credit)
Explanation:
Recognize the Assets of Supplies and also recognize the Liability : Accounts Payable fort the amount owing that will be paid in the coming financial year.
Q 9.17: Martha Beyerlein Company incurred $150,000 of research and development costs in its laboratory to develop a patent granted on January 2nd, 2017. On July 31st, 2017, Beyerlein paid $35,000 for legal fees in a successful defense of the patent. The total amount debited to Patents through July 31st, 2017, should be
Answer:
$35,000
Explanation:
The computation of the total amount debited to patent is shown below:
The Patent refers to the intellectual property in which the person has the right to stop the other people by using or making their creation
Here the $150,000 is spent on the research and development while the $35,000 is spent on legal fees
So the total amount debited should be $35,000 only so that the patent could be obtained
Sonia, a manager at an advertising agency, prepares a report to record the work completed so far and the work remaining on her new project. Her report further analyzes the quality of the work and recommends specific restructuring to the project. Sonia has prepared a(n) _____.
Answer:
Interim Report
Explanation:
In the scenario being described, it can be said that Sonia has prepared an Interim Report. This is a financial statement that is reported by a firm for a specific period, usually in a semiannually, quarterly or even monthly basis, which is then reviewed by the company's internal auditors, in order to analyze and determine if changes need to be made to the project/firm in order to make everything more efficient and more profitable.
In January of 2009, the Falwell Company began construction of its own manufacturing facility. During 2009, $6,000,000 in costs were incurred evenly throughout the year. Falwell took out a $2,500,000, 10% construction loan at the beginning of the year. The company had no other interest-bearing debt. What amount of interest should Falwell capitalize in 2009
Answer:
$250,000
Explanation:
Calculation of the amount of interest should Falwell capitalize in 2009
Based on the information given we were told that the company took out the amount of $2,500,000, 10% of the construction loan at the start of the year. Therefore the amount of interest that Falwell should capitalize in 2009 will be calculated as:
Interest = $2,500,000*10%
Interest =$250,000
Therefore the amount of Falwell interest should be $250,000
List 5 motives for the construction of various media?
Answer and Explanation:
For the construction of various media, the five motives are as follows
1. Develop connections and make connections: For motivating the social media we have to establish the connections and through it, we can easily make the connections,
2. Sharing the news of the company: Post the news of the company to various social media so that the public at large get attracted towards it
3. Voice opinion: Voice opinion also matters for establishing the several medias
4. People opinion for the company: Customer satisfaction is the utmost priority for the company so that the company could able to know what changes are required in the product to deliver it in the best manner
5. Communicated with employees: The communication with the employees also matters as the employees could be delivered their idea to better the company services
Media is the plural word of the medium that is the means of communication. The news channels, radios, magazines, and many other social things are communicated to the general public by means of media only. The media covers the speech or the incident and lets it known to the general public at no time.
The five motives for the construction of social media are:
1. Developing and making connections: For motivating social media there is a need to establish connections and suing those conections new connections can be made.
2. Sharing the company's reviews: After the company gets its name on social media, it gets famous among a group of people at no more time.
3. Voice opinion: Voice opinion also matters for interacting the several medias
4. People's opinion of the company: Customer satisfaction is the utmost priority of the company so that the company could able to know what changes are required in the product to deliver it in the most satisfactory form.
5. Interaction with employees: Communication with the employees also matters as the employees could deliver their idea to better the company's services.
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Background Info: Tom finds a second personal loan option. This loan would also require him to repay the principal in one lump sum after three years.
Loan Option B
Principal: $9,000
Type of Interest: Compound Interest
Interest Rate: 8%
Rate of Accrual: Once per year
Use the formula for annual compound interest.
A = P (1 + StartFraction r Over n EndFraction)nt
Remember, A refers to the total amount owed.
Calculate the total amount that Tom would repay.
$10,337
$11,337
$12,337
$13,337
Answer: $11,337
Explanation:
Given formula for annual compound interest.:
[tex]A=P(1+\dfrac{r}{n})^{nt}[/tex]
Given: Principal(P): $9,000
Type of Interest: Compound Interest
Interest Rate(r): 8% = 0.08 [In decimal]
Rate of Accrual: Once per year , i.e. n=1
Time (t)= 3 years
Put all the values in the above formula , we get
[tex]A=9000(1+\dfrac{0.08}{1})^{1\times3}\\\\=9000\left(1.08\right)^{3}\\\\= 9000(1.259712)\\\\\approx\$11,337[/tex]
Hence, the total amount that Tom would repay : $11,337
Answer:
option B
Explanation:
Morton Company began operations on January 1, 2019. The company has the following items included in its stockholders’ equity section of the balance sheet on December 31, 2020: 6% Preferred stock, $100 par, 100,000 shares authorized, 25,000 shares issued and outstanding $2,500,000 Common stock, $3 par, 500,000 share authorized; 150,000 shares issued and outstanding 450,000 Additional paid-in capital 2,250,000 Total dividends for 2019 & 2020 were: During 2019, Dividends not paid During 2020, Dividends Declared and paid $160,000 If Morton Company’s preferred stock was noncumulative, how much of the 2020 dividends would have been distributed to preferred and common stockholders?
Answer:
Preferred dividend = $150,000
Common Dividend = $10,000
Explanation:
Given the following :
Number of shares issued and outstanding = 25,000
Par value = $100
Dividend rate on Preffered stock = 6%
2019 Dividend = Not paid
2020 Dividend = $160,000 declared and paid
If preferred Dividend was non-cummulative:
Value of Preferred dividend = (Preffered shares issued and outstanding * par value * preferred dividend rate)
Value of preferred dividend = (25,000 * $100 * 0.06) = $150,000
Common dividend = (Total Dividend declared and paid - value of preferred dividend)
Value of Common Dividend = ( $160,000 - 150,000) = $10,000
Preferred dividend = $150,000
Common Dividend = $10,000
Belinda uses online banking everyday for her small business transactions. One day, as she opens the browser and clicks on the bookmark link for her bank's website, she notices that some very slight changes have been made to the site. She wonders if they are sprucing it up a bit, because it hasn't changed in a while. A few days later, her company ledger is in total disarray. Which of the following has most likely caused this disarray?
a. She is a victim of radio frequency identification.
b. She probably visited a pharming site and didn't know it.
c. She must have segregated her spam mails without opening them.
d. She is probably the victim of spyware.
Answer: She probably visited a pharming site and didn't know it.
Explanation:
Based on the scenario that has been explained in the question, we can say that Belinda probably visited a pharming site and didn't know it.
Pharming is an online fraud which involves the use of fraudulent websites and malicious code by fraudsters. The cybercriminals put the malicious code on ones and with the code, one will be redirected to a bogus websites without the person even knowing or being aware.
Richard Inc. has been receiving complaints from its customers about the inefficiency of its customer service professionals. The company has now decided to change the recruitment criteria for this role. The new criteria place more emphasis on technical expertise. Richard Inc. is attempting to make a change in the area of
Answer:
Organization structure and design
Explanation:
Organization structure is when a company's mode of operations and strategies are clearly defined and translated into various functions to be carried out by units in the organization and how those units work together to achieve common objectives, while organization design which is quite broader than organization structure tells us about a company's whole process, how teams are set up and led to achieve an organization goals.
Both structure and design are often used to give directions to an organization where the desired results are not met. As in the above scenario, both the structure and the design will now be restructured and redefined such that the new employees that will be recruited must meet the criteria as set out therein hence result in operational efficiency.
In 2007, Joelle spent $5,000 on her health care. If this amount increased by 6 percent per year, what would be the amount Joelle spent in 2017 for the same health care? Hint: Use Exhibit 1-A. (Round FV factor to 3 decimal places and final answer to the nearest whole dollar.)
Answer: $8954.24
Explanation:
Given the following :
Amount spent by Joelle on Healthcare in 2007 = $5000
Healthcare cost increases by 6% yearly ;
Amount spent on Healthcare in 2017 =?
Number of years between 2007 - 2017 = 10 years
6% yearly increase for 10 years :
The future value (FV) factor = (1 + r) ^n
Where r = rate = 0.06 ; n = period = 10 years
FV factor = (1 + 0.06)^10
FV factor = 1.79084
Therefore, Amount in 2017 equals ;
Amount in 2007 × FV factor
$5000 × 1.79084
= $8954.24