Answer:
What grade are you in my lord
Explanation:
Last year you bought a house for $200,000, and you sell the house this year for $230,000. Unfortunately, the government makes you pay taxes on your capital gains. Assume that the capital gains tax rate is 20%. Over the year, the CPI increased from 110 to 115.5.
1. What is your after-tax real return?.2 Suppose that the CPI increased from 110 to 121. What is your after-tax real return now?
Answer:
1. After-tax real return = $22,857.14
2. After-tax real return now = $21,818.18
Explanation:
To calculate these, we first claculate the following:
Capital gains = House selling price - House purchase price = $230,000 - $200,000 = $30,000
Capital gains tax = Capital gains * Capital gains tax rate = $30,000 * 20% = $6,000
Nominal after tax return = Capital gains - Capital gains tax = $30,000 - $6,000 = $24,000
Therefore, we have:
1. Over the year, the CPI increased from 110 to 115.5, what is your after-tax real return?
After-tax real return = Nominal after tax return / (New CPI / Old CPI) = $24,000 / (115.5 / 110) = $22,857.14
2 Suppose that the CPI increased from 110 to 121. What is your after-tax real return now?
After-tax real return now = Nominal after tax return / (New CPI / Old CPI) = $24,000 / (121 / 110) = $21,818.18
1. DISCUSSION Although many argue that the gig economy has opened up opportunities for individuals to be self-employed in ways that complement their lifestyle, the investments that gig giant Uber is making suggest a different kind of future for the uber-successful taxi substitute. 1. What do think Uber has in mind
Answer:
Uber’s main angel is to become the main source for the transportation of people and local commerce around the country. This means ” adding scooters, bikes, public transportation schedules (and, even the ability to buy tickets) to Uber’s app. They will make it easier for more people to work for them and also it will benefit them financially.
Explanation:
What may be a problem of comparing the p/e of a stock to the P/E of the overall market?
Answer:
The correct option is d) a stocks P/E ratio can remain above or below market average for extended periods
Explanation:
Based on the information given what may the issue of comparing the P/E of a stock to the P/E of the overall market is that a stocks P/E ratio can remain high or have low market average for a periods of time reason been that high P/E may indicate that the stock value is high while low P/E may indicate that the stock value is low.
______ indicators can be traced after the product has been launched to view if it meets product goals and user requirements.
Answer: Success metrics
Explanation:
The indicators that can be traced after the product has been launched to view if it meets product goals and user requirements are referred to as the success metrics.
Success metric indicators are used toesure success based on a predetermined target. They are simply the scorecard of a company's marketing program.
Success matrix indicates or traces that the product that has been launched is meeting product goals and user requirements standards.
Success matrix is used to examine the scorecard of the marketing programs, product development, or campaigns. It includes the criteria and factors that are useful for assessing the success of the implemented program.
Therefore, it gives a picture regarding the tracking of the operational performance and marketing strategies of the business.
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Sheffield Company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value (LCM) basis in valuing inventories. Net realizable Product Cost value A $112000 $130000 B 83000 72000 C 157000 161000 If Sheffield applies the LCNRV basis, the value of the inventory reported on the balance sheet would be
Answer:
$341,000
Explanation:
The value of the inventory is computed as shown below (applying LCM basis)
= Value of product A + Value of product B + Value of product C
= $112,000 + $72,000 + $157,000
= $341,000
Thus, the value of the inventory reported on the balance sheet would be $341,000.
On average, an American shopper has to choose among _______ times as many products as he actually buys.
a. 10
b. 100
c. 1,000
d. 10,000
Answer: b. 100
Explanation:
With the market being so competitive in the United States, it has always been know that there are so many different products serving the same need to American customers which means that they have to choose from all these different products.
Studies have shown that the average number of these different products is 100 which means that an American shopper has to choose from among 100 times as many products as they actually end up buying.
Jade has midterms in economics and astronomy tomorrow and only has four hours left to study. The accompanying table provides the combinations of time spent studying economics and astronomy and her expected exam scores.
Hours Spent Studying Economics Economics Exam Score Hours Spent Studying Astronomy Astronomy Exam Score
0 60 0 70
1 80 1 83
2 90 2 87
3 95 3 90
4 98 4 92
Required:
a. Use a graph to plot the production possibilities frontier for Jade's study options.
b. Suppose Jade spends the first two hours studying economics. The opportunity cost of spending the third hour studying economics is __________ points on her __________exam.
c. Suppose Jade’s goal is to maximize her combined exam scores. Calculate how many hours she should spend studying economics and how many hours she should spend studying astronomy.
Jade should spend _________hours studying economics and _______hours studying astronomy.
d. Suppose Jade's laptop dies and refuses to start up. All her notes and class materials (for both classes) are saved on its hard drive.
Jade's production possibilities curve will ______________, because studying
Answer:
a. This part can be drawn here, so I have attached it in the attachment. Please refer to attachment for this part of the question.
b. First blank = 13 marks
2nd Blank = Astronomy
c. Economics for 3 hours
Astronomy for 1 hour
d. In this case, Jade's Performance Possibility Frontier graph will shift to left. As obviously, she will get low marks in both exams if her laptop dies.
Explanation:
Jade have total 4 hours to study and have two exams of Economics and Astronomy. If she only studies Economics then she will lose marks in Astronomy and vice versa. So, she needs to plan wisely to gain optimum marks and this questions is all about the planning.
Solution:
a. This part can be drawn here, so I have attached it in the attachment. Please refer to attachment for this part of the question.
b. Supposing Jade spend first 2 hours studying economics.
It means from the data, she would obtain 90 marks in Economics.
Now, the other part is asking that, if she spends 3rd hour studying Economics then what is the opportunity cost of spending that hour. And how much marks she will compromise for the other subject
So,
Suppose, she spends that 3rd hour studying Astronomy. So, according to data given, she will acquire 13 marks in Astronomy. And it is exactly the opportunity cost of spending the third hour studying Economics.
First blank = 13 marks
2nd Blank = Astronomy
c. In order to maximize the score from the combination of exams, Jade need to study Economics for 3 hours which will give her total marks = 95 marks
and she need to study Astronomy for 1 hour which will give her total marks = 83 marks.
In this combination, she will get maximum marks = 95 + 83 = 178 marks
d. In this case, Jade's Performance Possibility Frontier graph will shift to left. As obviously, she will get low marks in both exams if her laptop dies.
It should be noted that when Jade spends the first two hours studying economics. The opportunity cost of spending the third hour studying economics is 4 points on her astronomy exam.
Opportunity cost simply means the real cost of a foregone alternative. It is what one leaves in order to do something else. Also, Jade should spend 3 hours studying Economics and 1 hour studying astronomy.
Lastly, when Jade's laptop dies and refuses to start up. All her notes and class materials (for both classes) are saved on its hard drive, the production possibilities curve will shift to the left because studying becomes more difficult.
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Sunland Inc. issues $250,000, 10-year, 9% bonds at 97. Prepare the journal entry to record the sale of these bonds on March 1, 2020.
Answer:
Dr Cash 242,500
Dr Discount on Bond 7500
Cr Bonds Payable 250,000
Explanation:
Preparation of the journal entry to record the sale of these bonds on March 1, 2020.
Based on the information given we were told that the company issues the amount of $250,000 that include 10-year, 9% bonds at 97 which means that the journal entry to record the sale of these bonds on March 1, 2020 will be
March 1
Dr Cash 242,500
(250,000*.97)
Dr Discount on Bond 7,500
(250,000-542,500)
Cr Bonds Payable 250,000
As long as a public sector activity will generate benefits regardless of the costs, the activity should definitely be undertaken.A. TrueB. False
Answer:
True
Explanation:
The activity should definitely be undertaken in as much as it generate benefit. This is because the public sector do not look for the profits, its rather aim at the welfare of the people. So it is important to generate the benefits to the society regardless of the costs. The ultimate aim will be increasing the social welfare.
Simmons LLC purchased an office building and land several years ago for $250,000. The purchase price was allocated as follows: $200,000 to the building and $50,000 to the land. The property was placed in service on October 2. If the property is disposed of on February 27 during the 10th year, calculate Simmons's maximum depreciation in the 10th year.
Answer: $641
Explanation:
Based on the information that have already bee given in the question, if the property is disposed of on February 27 during the 10th year, then Simmons's maximum depreciation in the 10th year will be calculated as:
= 200000 × 2.564% × 1.5/12
= 200000 × 0.02564 × 0.125
= $641
Your division is considering two projects with the following cash flows (in millions): 0 1 2 3 Project A -$31 $7 $12 $22 Project B -$19 $13 $6 $5 What are the projects' NPVs assuming the WACC is 5%
Answer:
Project A's NPV = $5.56
Project B's NPV = $3.14
Explanation:
year project A project B
0 -$31 -$19
1 $7 $13
2 $12 $6
3 $22 $5
Project A's NPV = -$31 + $7/1.05 + $12/1.05² + $22/1.05³ = -$31 + $36.56 = $5.56
Project B's NPV = -$19 + $13/1.05 + $6/1.05² + $5/1.05³ = -$19 + $22.14 = $3.14
Determine the overhead allocated to Job XZ3275 which has 150 pieces, requires 200 miles of driving, and 0.75 hours of logistics. (Round answer to 2 decimal places, e.g. 12.75.)
Answer:
Overhead allocated to Job XZ3275 $330.39
Explanation:
The computation of the overhead allocation is as follows;
But before that overhead rates is as follows
Activity rate = Estimated overhead cost ÷ Expected cost driver
Activity Cost pool Activity based overhead rate
Loading and unloading $1.02 per piece
($91,000 ÷ 89,500)
Travel $0.79 per mile
($457,000÷ 579,000 miles)
Logistics $26.69 per hour
($75,000 ÷ 2810 hours)
Now the overhead allocation is
Loading and unloading (150 pieces × $1.02 per piece) $152.51
Travel (200 miles × $0.79 per mile) $157.86
Logistics (0.75 hours × $26.69 per hour) $20.02
Overhead allocated to Job XZ3275 $330.39
what did you learn from the moduleon work habits and conduct?
Answer:
how to communicate and the speaking with the co-workers is the answer
Explanation:
From the work habits and conduct of the moduleon it would be learned how to communicate and the speaking with the co-workers
Therefore as per the given situation, the above represent the answer and the same is considered and relevant
So how to communicate and the speaking with the co-workers is the answer
Parvis makes all sales on account, subject to the following collection pattern: 20% are collected in the month of sale; 70% are collected in the first month after sale; and 10% are collected in the second month after sale. If sales for October, November, and December were $70,000, $60,000, and $50,000, respectively, what was the budgeted receivables balance on December 31
Answer:
Balance as on 31st December = $46,000
Explanation:
Sales October November December Balance
October $70,000 $14,000 $49,000 $7,000 $0
November $60,000 $12,000 $42,000 $6,000
December $50,000 $10,000 $40,000
Balance as on 31st December $46,000
Workings
October: 20% of 70,000 = 14,000, 70% of 70,000 = $49,000, 10% of 70,000 = $7,000
November = 20% of 60,000 = 12,000, 70% of 60,000 = $42,000, Balance = 60,000 - (12,000+42,000) = $6,000
December = 20% of 50,000 = $10,000, Balance = 50,000 - 10,000 = $40,000
During the year, Bright Corporation applied factory overhead costs of $330,000 to production. At the end of the year, total overapplied factory overhead is $13,000. What was the amount of actual factory overhead cost incurred during the year
Answer:
$317,000 = actual overhead
Explanation:
Giving the following information:
Applied overhead= $330,000
Overapplied overhead= $13,000
To calculate the actual overhead, we need to use the following formula:
Under/over applied overhead= real overhead - allocated overhead
-13,000 = real overhead - 330,000
$317,000 = real overhead
Consider a basket of consumer goods that costs $80 in the United States. The same basket of goods costs GHS 24 in Ghana.Holding constant the cost of the basket in each country, compute the real exchange rates that would result from the two nominal exchange rates in the following table.Cost of Basket in U.S (Dollars) Cost of Basket in China (Yuan) Nominal Exchange Rate (Yuan per dollar) Real Exchange Rate (Baskets of Chinese goods per basket of U.S goods) 90 105 7.00 90 105 10.50
Answer: 6; 9
Explanation:
The real exchange rate would be calculated as:
= (Nominal exchange rate × cost of basket in the United States) / cost of basket in China
a. Real exchange rate = (7.00 × 90) / 105
= 6
b. Real exchange rate = (10.50 × 90) / 105
= 9
In what ways do goals and objectives help managers control the organization? How do specific and measurable goals affect employee and organizational performance? Provide an example from your own experience of when a specific goal or objective provided beneficial control over a process. Please answer in 150 words or more
Answer:
In simple words, the goals and objectives are the end meets or which every action must be taken. If the point of destination is clear the managers of the company can plan and execute effectively taking each action according to that predetermined end point.
In my experience, I had a goal to secure more than 70 percent in my final year of graduation. By clearing my goal and objective i took every step in the year to achieve that goal. This made me help myself to keep control.
You should use a(n) _____________ to track the mean diameter of the pipe for a manufacturing process producing copper pipes.
Answer: String
Explanation:
How the measurement is done with a string;
•Wrap a string around the pipe.
•Mark the point where the string touches together.
•Use a ruler or measuring tape to find the length between the tip of the string and the mark you made (circumference)
•Divide the circumference by 3.14159.
Assume you receive a 3.5% raise in your 2014 salary for 2015. In addition, suppose the CPI was 238 in 2014 and 240 in 2015. Your real wage in 2014 ____.a) increasedb) decreasedc) stayed the samed) it cannot be determined with the given information.
Answer: a. increased
Explanation:
Inflation rate = (CPI of second year - CPI of the first year ) / CPI of the first year
= (240 - 238) / 238
= 0.84%
Your wage increased by 3.5% which is more than inflation so your real wage increased by;
= 3.5 - 0.84
= 2.66%
Carolina Mills purchased $270,000 in supplies this year. The supplies account had an opening balance of $56,000 and an ending balance of $66,000. What was supplies expense for Carolina Mills during the year
Answer:
the supplies expense is $260,000
Explanation:
The computation of the supplies expense is shown below
Supply expense is
= Opening balance + Purchase - Closing balance
= $56,000 + $270,000 - $66,000
= $260,000
hence, the supplies expense is $260,000
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Annette is an ordained minister working for Blessed Church. Her earnings for services performed for Blessed Church are generally considered:
Answer:
Tax-exempt income.
Explanation:
Question Completion with Options:
O Wage income.
O Tax-exempt income.
O Self-employment income.
O Unearned income.
Answer:
Annette's earnings for services performed for Blessed Church are generally considered:
O Wage income.
Explanation:
According to the IRS records, since Annette is an ordained minister performing ministerial services either as an employee of Blessed Church or as a self-employed person and owner of Blessed Church, all of her earnings are subject to income tax. Her wages, offerings, and fees that she receives for performing marriages, baptisms, funerals, etc., are counted as part of her wage-income for taxation purposes.
Social responsibility is know as ______.
A. profit and planet
B. people and community
C. none of the options are correct
D.people and profit
Answer:
B. people and community
Explanation:
Social responsibility is known as people and community. In other words it refers to any and all responsibilities that you may have when being part of a community or society to make that community better. This involves a wide range of responsibilities or obligations such as volunteering, cooperating with others, ethical and moral choices, etc. Anything that benefits the larger structure that you are part of would be considered a social responsibility.
The term that can be used to describe Social responsibility isB:people and community
Social responsibility can be regarded as ethical framework as well as suggests, which explains that there are different obligation for individual so they can work and cooperate with other.It involves different individuals and the community as a whole and all organizations.Therefore, option B is correct.
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Select the pairing that is correctly matched. A. Preferred stock: may be purchased by converting common stock shares into preferred ones B. Common stock: holders can mail in their votes if they can't attend a company's annual general meeting C. Common stock: may come with an additional dividend provision attached to company financial goals D. Preferred stock: is a less stable investment than common stock with fewer rights of ownership
Answer:
C. Common stock: may come with an additional dividend provision attached to company financial goals
Explanation:
Dividends may have certain provisions that will have to be met for them to be disbursed to the Common Stock Holders that may be in accordance with Company financial goals. For example dividends may only be distributed when a certain level of profit is reached or when shares trades at a certain price.
Therefore,
The pairing that is correctly matched is Common stock: may come with an additional dividend provision attached to company financial goals
The correct pair is Common stock: may come with an additional dividend provision attached to company financial goals. The correct option is c.
Common stock is a type of security that represents corporate equity ownership. Outside of the United States, the terms voting share as well as ordinary share are also commonly used. In the United Kingdom and other Commonwealth countries, they are referred to as equity shares and ordinary shares. This type of share entitles the holder to a portion of the company's profits as well as the right to vote on corporate policy as well as the composition of the board of directors.
Owners of common stock do not directly own the company's assets; instead, each stockholder holds a fractional interest in the company, which owns the assets.
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expalin how foreign employment contributes to spurring nation economy
1) Country can get lots of foreign currency as the remittance which can be used to establish industries in the country. Such industries provide job opportunities in the country. 2) People who go overseas to work can learn different skills and technologies which can be beneficial for the development of our own country.
The formation of an interest group in response to a perceived need is known as _________
Answer:
Disturbance theory
Explanation:
The creation of an interest group in response to a perceived need is known as DISTURBANCE THEORY.
DISTURBANCE THEORY occur in a situation where people or group of people decided to create an INTEREST GROUP when they are not satisfied with the current situation of their environments or when their perceived need or immediate need are not meant due to unavailability of resources or when their is changes in government rules or policy which the group of people are against because they are not satisfied with the policy.
HELP!
Henry's taxable income is $44,200. Find his state income tax if he pays $2,800 plus 7% of his taxable
income over $40,000
Answer:
$5,894
Explanation:
If Henry's taxable income is above $40,000, he pays 7% of the taxable income plus $2800
Henry's income =$44,200
taxable income will be 7% of $44,200 + $2800
=(7/100 x $44,200) + $2800
=0.07 x $44,200 + $2800
=$3,094 + $2800
=$5,894
Universal Sports Supply began the year with an accounts receivable balance of $130,000 and a year-end balance of $150,000. Credit sales of $645,000 generate a gross profit of $215,000. Calculate the receivables turnover ratio for the year. (Round your final answer to 1 decimal place.)
Answer:
The answer is 4.6
Explanation:
The formula for receivable turnover equals:
Net sales (credit sales) ÷ average accounts receivable
Average accounts receivable =
($130,000 + $150,000) ÷ 2
$280,000 ÷ 2
= $140,000
Therefore, receivables turnover ratio is
$645,000/$140,000
= 4.6
Anton, Inc., just paid a dividend of $2.90 per share on its stock. The dividends are expected to grow at a constant rate of 4.75 percent per year, indefinitely. Assume investors require a return of 9 percent on this stock.Requirement 1:What is the current price? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)Requirement 2:What will the price be in six years and in thirteen years? (Do not round intermediate calculations.Round your answers to 2 decimal places (e.g., 32.16).)
Answer:
1. Using the Gordon Growth model;
Price = Next dividend / (required return - growth rate)
= (Current dividend * (1 + Growth rate)) / (required return - growth rate)
= (2.90 * (1 + 4.75%)) / (9% - 4.75%)
= 3.03775/ 4.25%
= $71.48
2. Six years;
The stock will grow at a rate of 4.75% every year.
= 71.48 * (1 + growth rate)⁶
= 71.48 * 1.0475⁶
= $94.43
13 years;
= 71.48 * 1.0475¹³
= $130.67
In an effort to create a healthcare safety net, the government requires employers to provide healthcare coverage to all employees. What impact will this increased coverage have on the demand for doctors in the short run?
a. It will increase the demand.
b. It will decrease the demand.
c. It will not affect the demand.
Answer:
a. It will increase the demand.
Explanation:
In the short-run, the increased healthcare coverage will increase the demand for doctors. However, in the long-run the demand will stabilize relatively. Then, it will the increased coverage of healthcare required from employers will no longer affect the demand for the services of doctors. Demand in the short-run is always increasing until an equilibrium is reached where the market forces of demand and supply become equal.
During January, time tickets show that the factory labor of $7,000 was used as follows: Job 1 $2,330, Job 2 $1,750, Job 3 $1,700, and general factory use $1,220. Prepare a summary journal entry to record factory labor used.
Answer and Explanation:
The journal entry to record the usage of the factory labor is as follows;
Work in process ($2,330 + $1,750 + $1,700) $5,780
Manufacturing overhead $1,220
To Factory labor $7,000
(Being the factory labor used is recorded)
Here the work in process and manufacturing overhead is debited as it increased the asset and increased the expenses while on the other hand the factory labor is credited