In an effort to build sales quickly for its new home alarm system, Ever Alert Inc. sets the initial price of the system very low. This type of pricing strategy reflects penetration pricing.
The type of pricing that Ever Alert Inc. is using in this scenario is known as penetration pricing. This is when a company sets a low price for its products or services in order to quickly gain a foothold in the market and attract a large customer base. The hope is that once customers have purchased the product at the low price, they will be more likely to continue buying it at a higher price in the future. Penetration pricing is often used for new products or when a company wants to enter a new market. . Penetration pricing is a marketing strategy where a company sets a low initial price for a new product or service to quickly attract customers and gain market share.
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your wage this year is $15 per hour and the cpi is 178. next year you get a raise to $17 and the cpi rises to 185. what has happened?
It appears that your wage has increased from $15 per hour to $17 per hour, which is an increase of $2 per hour. The CPI (Consumer Price Index) has also risen from 178 to 185. This means that the cost of living has gone up over the course of the year.
The increase in CPI suggests that the cost of goods and services has gone up, which could be due to a variety of factors such as inflation, changes in supply and demand, or changes in government policies.
In effect, while your wage has increased, the increase may not necessarily translate to an improvement in your purchasing power. This is because the cost of goods and services may have increased at a faster rate than your wage. To determine the actual impact of the increase in CPI on your purchasing power, you would need to calculate the inflation rate and adjust your wage accordingly.
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various persons or groups with a legitimate interest in a company's actions are called ____.
Various persons or groups with a legitimate interest in a company's actions are called stakeholders.
Stakeholders refer to individuals or groups who have a legitimate interest, involvement, or concern in the activities, decisions, and outcomes of a company. They are affected by the company's actions and have a stake in its success or failure. Stakeholders can include shareholders, employees, customers, suppliers, communities, government entities, and other organizations that interact with or are impacted by the company.
Each stakeholder group may have different perspectives, expectations, and interests in relation to the company, and their input and influence can shape the company's strategies, policies, and operations. Recognizing and managing the needs and interests of stakeholders is important for maintaining positive relationships, ensuring corporate responsibility, and achieving long-term sustainability and success.
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how does your company’s purpose affect "back office" teams (accounting, legal, etc.)?
A company's purpose can have a significant impact on its back-office teams, such as accounting, legal, and other administrative functions.
For instance, if a company's purpose is to provide affordable healthcare, the accounting team must ensure that the company's financial statements reflect the company's adherence to cost-cutting measures, such as reducing overhead costs. The legal team may have to deal with regulatory compliance, such as ensuring that the company is adhering to relevant healthcare regulations.
Moreover, the purpose can influence the work culture of back-office teams. When a company's purpose is to make a positive impact, the employees in the back-office teams may feel a sense of purpose and connection to the company's mission, leading to greater motivation and job satisfaction. In summary, a company's purpose can impact the work and motivation of back-office teams, and it may also influence the company's financial and legal operations.
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the cost to check a potential customer's credit at a reporting service starts at $________.
The cost to check a potential customer's credit at a reporting service starts at $9.95. This fee is typically charged by credit reporting agencies like Equifax, Experian, and TransUnion.
These agencies collect data on individual credit histories and use this information to generate credit reports that help businesses determine the creditworthiness of their customers.
Credit checks are important for businesses because they help mitigate the risk of lending money to individuals who may be unable to pay back the loan. By reviewing a customer's credit history, businesses can evaluate their ability to repay debts and make informed decisions about whether or not to extend credit.
The cost of a credit check can vary depending on the agency and the level of detail required. In addition to basic credit reports, agencies may offer more comprehensive credit monitoring services that include alerts for changes in credit scores, inquiries, and other relevant information. These services typically come with higher fees but provide more detailed information that can help businesses make more informed lending decisions.
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fun, incorporated, a major gaming software company, is experiencing conflict between the young internet-savvy employees who design the games and the older, less computer-literate executives who run the company. the company has hired team leaders who could work with the executives and who were also highly computer-literate. by hiring these team leaders as liaisons between the executives and employees, the company will:
By hiring these team leaders as liaisons between the executives and employees, Fun, Incorporated can bridge the gap between its young, internet-savvy employees and older, less computer-literate executives, fostering better communication .
Liaison refers to a person or group that serves as a communication link or intermediary between two or more parties. In this case, the team leaders hired by Fun, Incorporated will serve as a liaison between the executives and the younger, tech-savvy employees. This is a common strategy used by companies to facilitate better communication and collaboration between different groups within the organization. By having a dedicated team of liaisons, Fun, Incorporated can address the conflict and promote a more harmonious work environment, which can lead to increased productivity and innovation.
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a corporate social responsibility strategy can be defined as . multiple choice question. a networking strategy that promotes brand recognition and opens new revenue streams government regulation of a corporation's business strategy the combination of socially responsible endeavors a company elects to pursue a list of a company's ethical standards and core values
The definition of a corporate social responsibility (CSR) strategy is: "The combination of socially responsible endeavors a company elects to pursue." Is the correct option
Therefore, the correct option is "The combination of socially responsible endeavors a company elects to pursue." Corporate Social Responsibility (CSR) refers to the voluntary activities and initiatives undertaken by a company to operate in an economically, socially, and environmentally sustainable manner. A CSR strategy is a plan of action that outlines the socially responsible endeavors a company elects to pursue to achieve its goals and objectives while considering its impact on stakeholders and society as a whole. A CSR strategy typically includes initiatives such as philanthropy, environmental sustainability, ethical business practices, community development, and employee engagement. These initiatives can benefit both the company and society by improving the company's reputation, strengthening its relationships with stakeholders, increasing employee morale, and contributing to the greater good of the community.
Developing and implementing a CSR strategy requires careful planning, coordination, and commitment from all levels of the organization. A company must identify its key stakeholders, assess their expectations and concerns, and develop a strategy that aligns with its core values and business objectives. The company should also establish clear goals, metrics, and accountability mechanisms to ensure the effectiveness and impact of its CSR initiatives.
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a plan that is updated every year to take account of changing conditions is called a(n) _____ plan.
A plan that is updated every year to take account of changing conditions is called a strategic plan.
What's strategic plan?This type of plan is designed to provide a roadmap for an organization's future growth and success.
A strategic plan typically includes an analysis of the organization's strengths, weaknesses, opportunities, and threats (SWOT analysis), along with specific goals and objectives, timelines, and metrics for measuring progress.
By updating the plan every year, organizations can stay agile and responsive to changing market conditions, economic trends, and other factors that may impact their success.
This allows them to adjust their strategies and tactics accordingly, ensuring that they are always focused on achieving their goals and objectives, and are prepared to overcome any obstacles that may arise along the way.
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The purpose of this activity is to allow you to consider aspects of sustainability as they relate to SCM.
It is a truism that 'we buy with our eyes'. Two recent supply chain trends (fast fashion, and e-commerce) have resulted in a significant sustainability problem for supply chains: waste, in terms of increased fabric production and packaging. We like the convenience, but to what effect?
In this discussion, you are to select one of the trends (either fast fashion or e-commerce) and identify why it is important to you. How might consideration of the Circular Economy affect your choices? How important is it to you personally to modify your behavior to consider sustainability over convenience? Do you think your choices should be regulated by the government to enhance sustainability - why or why not?
Start a thread and defend your choice in not less than 250 words.
The fast fashion trend has had a significant negative impact on the environment, and it is essential for consumers to make conscious choices that prioritize sustainability.
As an AI language model, I do not have personal preferences or beliefs. However, I can provide an answer to the question based on my knowledge and understanding of the topic. The fast fashion trend has been gaining popularity in recent years, with companies producing trendy and affordable clothing at a rapid pace. While it may seem appealing to consumers, it comes at a significant cost to the environment. The fast fashion industry is responsible for massive amounts of waste, including increased fabric production and packaging. As a result, it contributes to the pollution of our landfills and waterways, and it has a negative impact on the overall sustainability of the supply chain. Consideration of the Circular Economy can positively affect our choices regarding fast fashion. By adopting a circular approach, we can minimize waste and maximize the lifespan of our clothing. This means opting for clothing that is made from sustainable materials, buying clothes that are of good quality and can be repaired, and donating or recycling clothing that we no longer need. It is personally important to modify our behavior to consider sustainability over convenience, as it is our responsibility to protect the planet and its resources for future generations. While convenience is important, we must also consider the long-term impact of our actions on the environment. While government regulations may be necessary to enhance sustainability, it is ultimately up to individual consumers to make conscious choices that prioritize sustainability. However, it is crucial for the government to enforce regulations that hold companies accountable for their environmental impact and to provide incentives for sustainable practices. In conclusion, the fast fashion trend has had a significant negative impact on the environment, and it is essential for consumers to make conscious choices that prioritize sustainability. Adopting a Circular Economy approach and modifying our behavior can go a long way in minimizing waste and protecting the environment. While government regulations may be necessary, it is ultimately up to individual consumers to make a difference.
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Q1.Subprime mortgages made up5% of all new home loans in 1994 andGroup of answer choices2% of all new home loans in 20004% of all new home loans in 200325% of all new home loans in 2005
10% of all new home loans in 2006
By 2000, this figure dropped to 2%, but it increased to 4% in 2003. The percentage of subprime mortgages continued to grow, reaching 25% of all new home loans in 2005, and then slightly decreased to 10% in 2006.
Subprime mortgages, a type of home loan offered to borrowers with poor credit, experienced significant growth between 1994 and 2006. In 1994, they made up 5% of all new home loans. Subprime mortgages refer to loans given to people with poor credit scores or low income, and they played a significant role in the housing crisis of 2008. According to the given data, subprime mortgages made up 5% of all new home loans in 1994 and only 2% in 2000. However, by 2005, subprime mortgages surged to 25% of all new home loans, and in 2006, they represented 10% of all new home loans. This rapid increase in subprime mortgages contributed to the housing bubble and subsequent crash, as many borrowers were unable to keep up with their payments and default rates soared.
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currently under the ________, firms with more than 50 employees are required to offer their employees insurance.
Currently under the Affordable Care Act (ACA), firms with more than 50 employees are required to offer their employees insurance. The ACA, also known as Obamacare, was signed into law in 2010 and is designed to improve access to healthcare for Americans.
The requirement for firms with more than 50 full-time employees to provide health insurance is called the Employer Shared Responsibility Provision. This provision aims to ensure that employees have access to affordable health coverage and holds employers accountable for providing this benefit.
Under the ACA, companies that do not offer adequate health insurance to their eligible employees may face penalties. These penalties are based on the number of employees and whether or not any employees receive government subsidies for purchasing insurance on the Health Insurance Marketplace.
It is important to note that this requirement only applies to full-time employees, who are defined as those working an average of 30 hours or more per week. Part-time employees, or those working less than 30 hours per week, do not count toward the 50-employee threshold.
In conclusion, the Affordable Care Act mandates that firms with more than 50 full-time employees must offer health insurance to their workers. This requirement aims to increase access to healthcare for employees and hold employers responsible for providing this vital benefit.
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you should use a ____ chart to compare values side by side, broken down by category
You should use a bar chart to compare values side by side, broken down by category.
A bar chart is an effective visualization tool used to compare values across different categories. It consists of horizontal or vertical bars that represent the values of each category, allowing for easy comparison. The length or height of the bars directly corresponds to the magnitude of the values being compared. By using a bar chart, you can visually analyze and compare the data points in a clear and concise manner.
It is particularly useful when you want to examine and understand the relative differences or similarities between categories or subgroups. The side-by-side arrangement of the bars in a bar chart facilitates quick and intuitive comparisons, making it a popular choice for presenting and interpreting data in a visually appealing way.
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Q 6. Explain the e-commerce environment. Q7. Explain the importance of multi-channel marketplace models.
The e-commerce environment refers to the online ecosystem where businesses sell goods and services through electronic transactions. The importance of multi-channel marketplace models lies in their ability to provide customers with multiple avenues to discover and purchase products.
This environment consists of various elements, including online platforms, digital marketing, payment gateways, security measures, and regulations. Companies operating in this environment need to ensure a seamless user experience, maintain data privacy, and adapt to changing trends and technologies to stay competitive.
By leveraging various channels, such as online stores, social media, and physical retail locations, businesses can attract a wider customer base and increase sales. Additionally, a multi-channel approach offers flexibility and convenience to customers, enhancing their shopping experience and fostering brand loyalty.
This model enables businesses to adapt to evolving consumer preferences and market dynamics more effectively.
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starting from short-run equilibrium, the following occurs: personal income taxes are cut, business taxes are cut, and labor productivity rises. what is the effect on the price level, real gdp, and the unemployment rate in the short run?
The likely effect of the given changes would be an increase in real GDP, but the effect on the price level and unemployment rate would depend on the relative magnitudes of the shifts in the AD and AS curves.
Starting from short-run equilibrium, the following occurs:
Personal income taxes are cut: A reduction in personal income taxes will increase disposable income and, as a result, aggregate demand. This increase in demand will lead to an increase in both the price level and real GDP.
Business taxes are cut: A reduction in business taxes will increase business investment, which will also increase aggregate demand. As a result, the price level and real GDP will increase further.
Labor productivity rises: An increase in labor productivity will increase aggregate supply. This increase in supply will help to moderate the increase in the price level, but it will also result in an increase in real GDP.
In the short run, the net effect of these changes will depend on the relative magnitudes of the shifts in aggregate demand and aggregate supply. However, given that both personal and business taxes are cut, it is likely that aggregate demand will increase more than aggregate supply, leading to an increase in both the price level and real GDP.
The reduction in personal income taxes and business taxes will also encourage firms to hire more workers and invest more in capital, leading to a reduction in unemployment rate in the short run.
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Sandler Company completed the following two transactions. The annual accounting period ends December 31.
On December 31, calculated the payroll, which indicates gross earnings for wages ($450,000), payroll deductions for income tax ($47,000), payroll deductions for FICA ($39,000), payroll deductions for United Way ($5,900), employer contributions for FICA (matching), and state and federal unemployment taxes ($3,900). Employees were paid in cash, but payments for the corresponding payroll deductions have not been made and employer taxes have not yet been recorded.
Collected rent revenue of $2,070 on December 10 for office space that Sandler rented to another business. The rent collected was for 30 days from December 12 to January 10 and was credited in full to Deferred Revenue.
Required:
1. & 2. Prepare the entries required on December 31 to record payroll, the collection of rent on December 10 and adjusting journal entry on December 31.
3. Show how any liabilities related to these items should be reported on the company’s balance sheet at December 31.
Journal entry worksheet
Record the wages expense, including payroll deductions.
Note: Enter debits before credits.
Date General Journal Debit Credit
December 31 Salaries and Wages Expense 450,000 Withheld Income Taxes Payable FICA Payable Charitable Contributions Payable Cash Record the payroll tax expense.
Note: Enter debits before credits.
Date General Journal Debit Credit
December 31 Record the collection of 30 days’ rent in advance amounting to $2,070.
Note: Enter debits before credits.
Date General Journal Debit Credit
December 10 Record the adjusting entry relating to rent.
Note: Enter debits before credits.
Date General Journal Debit Credit
December 31 Show how any liabilities related to these items should be reported on the company’s balance sheet at December 31. (Do not round intermediate calculations.)
SANDLER COMPANY
Balance Sheet (partial)
$0
Record the wages expense, including payroll deductions.
Date General Journal Debit Credit
December 31 Salaries and Wages Expense 450,000
Withheld Income Taxes Payable 47,000
FICA Payable 39,000
Charitable Contributions Payable 5,900
Cash 358,100
Record the payroll tax expense.
Date General Journal Debit Credit
December 31 Payroll Tax Expense 43,900
FICA Payable 39,000
Unemployment Tax Payable 3,900
Record the collection of 30 days' rent in advance amounting to $2,070.
Date General Journal Debit Credit
December 10 Cash 2,070
Deferred Revenue 2,070
Record the adjusting entry relating to rent.
Date General Journal Debit Credit
December 31 Deferred Revenue 690
Rent Revenue 690
Liabilities related to these items should be reported on the company's balance sheet at December 31 as follows:
SANDLER COMPANY
Balance Sheet (partial)
Liabilities:
Withheld Income Taxes Payable $47,000
FICA Payable $78,000
Charitable Contributions Payable $5,900
Unemployment Tax Payable $3,900
Deferred Revenue $1,380
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on its december 31, 2017, balance sheet, calgary industries reports equipment of $440,000 and accumulated depreciation of $88,000. during 2018, the company plans to purchase additional equipment costing $94,000 and expects depreciation expense of $37,000. additionally, it plans to dispose of equipment that originally cost $49,000 and had accumulated depreciation of $7,000. the balances for equipment and accumulated depreciation, respectively, on the december 31, 2018 budgeted balance sheet are:
On the December 31, 2018 budgeted balance sheet, Calgary Industries will report an equipment balance of $485,000 and an accumulated depreciation balance of $118,000.
They also intended to dispose of equipment with an original cost of $49,000 and accumulated depreciation of $7,000.
To calculate the equipment balance for December 31, 2018, we first add the cost of new equipment: $440,000 + $94,000 = $534,000. Then, we subtract the cost of disposed equipment: $534,000 - $49,000 = $485,000. Next, we calculate the accumulated depreciation balance for December 31, 2018. We start with the initial balance of $88,000 and add the expected depreciation expense: $88,000 + $37,000 = $125,000. Then, we subtract the accumulated depreciation of the disposed equipment: $125,000 - $7,000 = $118,000.
The straight-line method distributes depreciation balance evenly over the course of an asset's life. The double-declining-balance strategy involves allocating a higher amount of depreciation during the early years when the asset is heavily utilised, then the depreciation decreases until the asset's life is completed.
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turnover is high at almost every facility where nurses are employed. what aspects of nursing make turnover for nurses higher than for many other jobs?
High turnover in nursing can be attributed to several factors that make it a more challenging profession compared to many other jobs.
One major aspect is the demanding nature of the job, which requires nurses to work long hours, often in shifts, leading to physical and mental exhaustion. Additionally, nurses are exposed to high levels of stress due to the critical nature of their work and the emotional toll of dealing with patients and their families during difficult times. Furthermore, the nursing profession often involves a heavy workload with high patient-to-nurse ratios, which can result in feelings of being overwhelmed and burnout. The work environment can also contribute to turnover, as hospitals and other healthcare facilities can be high-pressure environments with complex organizational structures and frequent changes in management and policies.
Another factor is the potential for workplace hazards, such as exposure to infectious diseases, injuries from lifting or moving patients, and potential conflicts with patients or colleagues. Lastly, while nursing can be a rewarding career, compensation and benefits may not always be commensurate with the challenges and responsibilities faced by nurses. This combination of factors contributes to the high turnover rates observed in nursing positions across various healthcare facilities.
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given how a typical movie's budget is divided between above the line costs and below the line costs, what would be the easiest way to cut costs?group of answer choiceshire less known directors and actorssubstitute cgi scenery for real sceneryfilm everything on a soundstagefilm everything on location
The easiest way to cut costs in a movie's budget would be to focus on below-the-line costs such as location expenses, set design, and crew salaries. One way to do this is to film everything on a soundstage rather than on location, which can save money on travel, lodging, and other related costs.
Another option could be to substitute CGI scenery for real scenery, which can also save money on set design and construction costs. However, it is important to note that hiring less-known directors and actors may not necessarily result in cost savings and could potentially affect the overall quality of the movie.
The easiest way to cut costs would be to hire less-known directors and actors. This option addresses above-the-line costs, which usually include salaries for key personnel like directors and actors. By hiring less-known talent, you can negotiate lower salaries and significantly reduce the overall budget.
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true or false? continuous risk management is needed during tracking and oversight of an outsourced project.
The statement is true because continuous risk management is an important aspect of project tracking and oversight, particularly in the context of outsourced projects.
Outsourcing involves delegating certain tasks or responsibilities to a third-party provider, which can introduce additional risks and uncertainties into the project. These risks can include issues related to communication, coordination, quality control, and compliance with relevant laws and regulations.
Therefore, it is important to engage in continuous risk management during the tracking and oversight of outsourced projects, in order to identify and address potential risks in a timely and effective manner. This may involve ongoing monitoring of project progress, regular communication with the outsourcing provider, and the implementation of risk mitigation strategies as needed.
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Which of the following is true about specialty or professional liability insurance?
A. They protect businesses with few liability exposures
B. Volunteer workers are excluded from coverage
C. They provide excess coverage over the CGL policy
D. They are written on non-standard forms
The statement of the following is true about specialty or professional liability insurance is option (C). They provide excess coverage over the CGL policy.
Specialty or professional liability insurance is designed to provide coverage for professionals who are at risk of being sued for malpractice or errors and omissions. This type of insurance is typically written on a separate policy form and provides coverage that is not included in a general commercial liability (CGL) policy. It is also known as errors and omissions (E&O) insurance. The coverage provided by specialty or professional liability insurance is typically excess coverage over the primary CGL policy.
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the head of the company cafeteria wanted to get an idea of how employees felt about cafeteria food. therefore, she gave a discount of $1 on cafeteria food to any employee that filled out a survey which asked them to compare the cafeteria food to a homemade lunch. what error did she make?first employee has just won a recognition award for top sales. the second employee won the award the past three quarters but sales went down this quarter. the manager gives the higher rating to the first employee.
The head of the company cafeteria made a selection bias error by only giving the discount to employees who filled out the survey.
This could lead to an over-representation of those who have a stronger opinion about the food and may not accurately reflect the overall opinion of all employees. It's possible that those who didn't fill out the survey might have a different opinion about the cafeteria food.
As for the second scenario, the manager made an error in using recency bias to evaluate the employees. Just because the first employee won an award for top sales doesn't necessarily mean that they are performing better than the second employee. The manager should have taken into account the previous quarters' performance of both employees before making a rating decision.
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If the controller uses the high-low method to estimate costs, the cost equation for administrative costs is: (Do not round your intermediate calculations.)multiple choice 4A. Cost = $69,762 + ($58 × Credit hours)B. Cost = $68,262 + ($68 × Credit hours)C. Cost = $169,762.00 × Credit hoursD. Cost = $48E. Some other equation
The high-low method is used to estimate the fixed and variable components of a mixed cost by analyzing the changes in cost over different activity levels.
To determine the cost equation for administrative costs using the high-low method, you need to follow these steps:
1. Identify the highest and lowest activity levels (in this case, credit hours) and their corresponding costs.
2. Calculate the variable cost per unit by dividing the change in cost by the change in activity level.
3. Calculate the fixed cost component by subtracting the total variable cost at one of the activity levels from the total cost at that level.
Without specific data on the activity levels and corresponding costs, it is not possible to accurately determine which of the given multiple-choice options is correct. However, it is essential to follow the high-low method steps to find the appropriate cost equation for administrative costs based on the given data. If you provide the relevant data, I would be happy to help you determine the correct cost equation.
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what is the most important message mr. blum is trying to convey? he is worried about the results of your analysis. he wants to know when the report will be ready. you are ready for a promotion.
Mr. Blum is trying to convey is probably one of both expectation and support. He expects you to deliver a strong report that meets his standards, but he also supports you in your career goals and is eager to see you succeed. As such, it's important to approach this situation with a positive attitude and a willingness to work hard and do your best.
Mr. Blum is clearly concerned about the results of the analysis that is being conducted, and he wants to know when the report will be ready. This suggests that there is some urgency or importance to the findings that will be presented in the report.
However, the fact that you are ready for a promotion suggests that there may be more to this situation than meets the eye. It's possible that Mr. Blum is not just concerned about the findings of the analysis, but also about your performance and potential as an employee. Perhaps he sees the report as an opportunity for you to demonstrate your skills and expertise, and he is eager to see what you can deliver.
It seems likely that he wants you to take this opportunity seriously and to produce a high-quality report that showcases your abilities. He may also be interested in seeing how you handle pressure and deadlines, as well as how well you work under his supervision.
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janet sells a share of harper short at $6.10 per share, and at some future date covers her short position (gets out of her short position) when harper is trading at $9.15. what is janet's profit or loss on the trade and what is the most janet can gain on the original short trade?
Janet's profit on the trade would be $3.05 per share ($9.15 selling price - $6.10 buying price). The most Janet can gain on the original short trade is $6.10 per share (the price at which she sold the share short).
However, it's important to note that short selling comes with unlimited risk, meaning that Janet's potential losses on the trade could also be unlimited if the price of Harper Short continued to rise instead of falling.
1. Janet sells a share of Harper short at $6.10 per share.
2. At a future date, she covers her short position when Harper is trading at $9.15 per share.
3. To find her profit or loss, subtract the price she covered the short position ($9.15) from the price she sold the share short ($6.10): $6.10 - $9.15 = -$3.05.
So, Janet has a loss of $3.05 on the trade. Therefore, the most Janet can gain on the original short trade is $6.10.
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https://brainly.com/question/29802405#SPJ11Suppose you get $20.000 at the beginning of year 1. to paid off with three equal payments, each made at the end of each of the years 1.2 and 3. The interest rate charged by the bank is 8% compounded annually. Calculate the loan payment and the balance of the loan after the first payment. Explain what you worki Additional Refresh the you submit Det editor to formatura
The balance of the loan after the first payment is $14,718.28 and the loan payment is $7,815.79 per year for three years..
The present value of an annuity
PV = PMT x [tex](1 - 1/(1+r)^n) / r[/tex]
PV = present value (the loan amount)
PMT= payment
r = interest rate per period
n = number of periods
PV = $20,000
r = 8% per year (or 0.08)
n = 3 years
PMT = $20,000 x 0.08 / (1 - 1/(1+0.08)³)
PMT = $7,815.79
The loan payment per year for three years is $7,815.79
FV = PMT x[tex]((1+r)^{n - 1} ) / r[/tex]
where FV= future value
PMT = payment
r = interest rate per period
n =number of periods
PMT = $7,815.79
r = 8% per year (or 0.08)
n = 2 years (since the first payment covers year 1)
FV = PMT x ((1+r)ⁿ⁻¹) / r
FV = $7,815.79 x ((1+0.08)² - 1) / 0.08
FV = $14,718.28
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under the , no writing is required where the guarantor makes a collateral promise for the main purpose of obtaining some personal economic advantage. a. collateral contract rule b. leading object rule c. parol evidence rule d. part performance rule
The answer to your question is b. leading object rule. This rule states that under certain circumstances, a collateral promise made by a guarantor for the main purpose of obtaining some personal economic advantage does not need to be in writing in order to be enforceable.
This is because the leading object or main purpose of the contract is not to guarantee repayment, but rather to obtain some personal economic benefit. Therefore, the statute of frauds, which requires certain contracts to be in writing, does not apply in this situation.
Under the leading object rule, no writing is required where the guarantor makes a collateral promise for the main purpose of obtaining some personal economic advantage. This rule states that if the main purpose of the guarantor's promise is to secure a personal benefit, it is not considered a "surety" arrangement, and therefore does not require a written agreement.
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Whippet Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2017, at a cost of $145,000. Over its 4-year useful life, the bus is expected to be driven 245,000 miles. Salvage value is expected to be $7,800.
Compute the depreciation cost per unit. (Round answer to 3 decimal places, e.g. 6.251)
Depreciation cost per unit $Type your answer here
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Prepare a depreciation schedule assuming actual mileage was: 2017, 58,000; 2018, 75,400; 2019, 59,450; and 2020, 39,150. (Round depreciation cost per unit to 3 decimal places, e.g. 0.125 and other answers to 0 decimal places, e.g. 125)
Computation End of Year
Years Units of Activity × Depreciation Cost/Unit = Annual Depreciation Expense Accumulated Depreciation Book Value
2017 $ $ $ $
2018 2019 2020
Depreciation cost per unit = (Cost - Salvage value) / Units of activity = $0.56 per mile
Depreciation cost per unit = (Cost - Salvage value) / Units of activity
= ($145,000 - $7,800) / 245,000 miles
= $0.56 per mile
Depreciation schedule:
End of Year | Years | Units of Activity | Depreciation Cost/Unit | Annual Depreciation Expense | Accumulated Depreciation | Book Value
2017 | 1 | 58,000 miles | $0.56 per mile | $32,480 | $32,480 | $112,520
2018 | 2 | 75,400 miles | $0.56 per mile | $42,224 | $74,704 | $70,296
2019 | 3 | 59,450 miles | $0.56 per mile | $33,272 | $107,976 | $37,024
2020 | 4 | 39,150 miles | $0.56 per mile | $21,936 | $129,912 | $15,088
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3. The income velocity of money increases and the money demand parameter k (in (M/P)d-kY) _____ when people want to hold _____ money: A) increases; more B) increases; less C) decreases; more D) decreases; less
The income velocity of money increases and the money demand parameter k (in (M/P)d=kY) decreases when people want to hold less money. So, the correct answer is D) decreases; less.
Income velocity is a measure of how frequently a unit of currency is used to purchase goods and services in an economy over a given period of time. It is calculated as the ratio of nominal Gross Domestic Product (GDP) to the money supply or the total amount of currency in circulation.
The formula for income velocity is:
Income velocity = Nominal GDP / Money supply
The income velocity of money is an important concept in macroeconomics as it provides an indication of the level of economic activity and the demand for money in an economy. It reflects how quickly money is being spent and circulated in the economy to generate GDP.
A high income velocity suggests that money is being spent quickly and frequently, indicating a high level of economic activity and strong demand for goods and services. A low income velocity, on the other hand, suggests that money is being held onto for longer periods of time, indicating a lower level of economic activity and weaker demand for goods and services.
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selma leases equipment from abc corp. the 4-year lease requires payments of $10,000 per year, beginning at the inception of the lease. the fair value of the equipment at the inception of the lease is $100,000. the equipment has a 6-year life. selma's incremental borrowing rate is 6%. the lease does not transfer title and does not have a bargain purchase option. how should the lease be classified by selma?
Selma's incremental borrowing rate of 6% is not high enough to indicate that the lease should be classified as a finance lease.
Based on the information provided, Selma should classify the lease as an operating lease. This is because the lease does not transfer title and does not have a bargain purchase option.
Additionally, the lease requires payments of $10,000 per year, beginning at the inception of the lease, and the fair value of the equipment at the inception of the lease is $100,000.
The fact that the equipment has a 6-year life is also relevant, as it suggests that the lease term is less than the majority of the useful life of the equipment.
Finally, Selma's incremental borrowing rate of 6% is not high enough to indicate that the lease should be classified as a finance lease.
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on january 1, 2022, broker corporation issued $3,000,000 par value 12%, 10-year bonds which pay interest each december 31. if the market rate of interest was 14%, what was the issue price of the bonds? (the present value factor for $1 in 10 periods at 12% is 0.3220 and at 14% is 0.2697. the present value of an annuity of $1 factor for 10 periods at 12% is 5.6502 and at 14% is 5.2161.) multiple choice
The issue price of the bonds as per the information is $2,686,896.
To determine the issue price of the bonds, you need to calculate the present value of the bond's interest payments and the present value of the par value at maturity. The terms you need to know are the par value, interest rate, market rate, present value factors, and present value annuity factors.
1. Calculate the annual interest payment:
Interest payment = Par value × Interest rate = $3,000,000 × 12% = $360,000 2. Determine the present value of the interest payments using the annuity factor for 10 periods at the market rate of 14%:
PV of interest payments = Interest payment × PV annuity factor = $360,000 × 5.2161 = $1,877,796
3. Calculate the present value of the par value at maturity using the PV factor for 10 periods at the market rate of 14%:
PV of par value = Par value × PV factor = $3,000,000 × 0.2697 = $809,100 4. Find the total issue price by adding the present values of the interest payments and the par value:
Issue price = PV of interest payments + PV of par value = $1,877,796 + $809,100 = $2,686,896 So, the issue price of the bonds is $2,686,896.
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Red Canyon T-shirt Company operates a chain of T-shirt shops in the southwestern United States. The sales manager has provided a sales forecast for the coming year, along with the following information:
Quarter 1 Quarter 2 Quarter 3 Quarter 4
Budgeted Unit Sales 40,000 60,000 30,000 60,000
• Each T-shirt is expected to sell for $15.
• The purchasing manager buys the T-shirts for $6 each.
• The company needs to have enough T-shirts on hand at the end of each quarter to fill 25 percent of the next quarter’s sales demand.
• Selling and administrative expenses are budgeted at $80,000 per quarter plus 10 percent of total sales revenue.
Required:
1. Determine budgeted sales revenue for each quarter.
2. Determine budgeted cost of merchandise purchased for each quarter.
3. Determine budgeted cost of good sold for each quarter.
4. Determine selling and administrative expenses for each quarter.
5. Complete the budgeted income statement for each quarter.
The budgeted income statement for each quarter of Red Canyon T-shirt Company shows the estimated sales revenue, cost of goods sold, gross profit, and selling and administrative expenses. The calculations take into account the forecasted unit sales, cost per unit, and inventory management policies.
Budgeted sales revenue for each quarter:
Quarter 1: 40,000 x $15 = $600,000
Quarter 2: 60,000 x $15 = $900,000
Quarter 3: 30,000 x $15 = $450,000
Quarter 4: 60,000 x $15 = $900,000
Budgeted cost of merchandise purchased for each quarter:
Quarter 1: 40,000 x $6 = $240,000
Quarter 2: 60,000 x $6 = $360,000
Quarter 3: 30,000 x $6 = $180,000
Quarter 4: 60,000 x $6 = $360,000
Budgeted cost of goods sold for each quarter:
Quarter 1:
Beginning Inventory: 0
Add Purchases: $240,000
Total Goods Available for Sale: $240,000
Less Ending Inventory: 0.25 x 60,000 x $6 = $90,000
Cost of Goods Sold: $150,000
Quarter 2:
Beginning Inventory: 0.25 x 40,000 x $6 = $60,000
Add Purchases: $360,000
Total Goods Available for Sale: $420,000
Less Ending Inventory: 0.25 x 30,000 x $6 = $45,000
Cost of Goods Sold: $315,000
Quarter 3:
Beginning Inventory: 0.25 x 60,000 x $6 = $90,000
Add Purchases: $180,000
Total Goods Available for Sale: $270,000
Less Ending Inventory: 0.25 x 60,000 x $6 = $90,000
Cost of Goods Sold: $180,000
Quarter 4:
Beginning Inventory: 0.25 x 30,000 x $6 = $45,000
Add Purchases: $360,000
Total Goods Available for Sale: $405,000
Less Ending Inventory: 0.25 x 60,000 x $6 = $90,000
Cost of Goods Sold: $315,000
Selling and administrative expenses for each quarter:
Quarter 1: $80,000 + 10% x $600,000 = $140,000
Quarter 2: $80,000 + 10% x $900,000 = $170,000
Quarter 3: $80,000 + 10% x $450,000 = $125,000
Quarter 4: $80,000 + 10% x $900,000 = $170,000
Budgeted income statement for each quarter:
Quarter 1:
Sales Revenue: $600,000
Cost of Goods Sold: $150,000
Gross Profit: $450,000
Selling and Administrative Expenses: $140,000
Net Income: $310,000
Quarter 2:
Sales Revenue: $900,000
Cost of Goods Sold: $315,000
Gross Profit: $585,000
Selling and Administrative Expenses: $170,000
Net Income: $415,000
Quarter 3:
Sales Revenue: $450,000
Cost of Goods Sold: $180,000
Gross Profit: $270,000
Selling and Administrative Expenses: $125,000
Net Income: $145,000
Quarter 4:
Sales Revenue: $900,000
Cost of Goods Sold: $315,000
Gross Profit: $585,000
Selling and Administrative Expenses: $170,000
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