Answer:
In the Basic Solow Model without exogenous growth, if the population, and therefore the labor supply, doubles steady state output per worker will be unchanged.
Explanation:
According to the given scenario options A, B and C are ruled out. Hence, the answer to the above question is option D. Steady state output per worker will be unchanged.
Hope this helps.
A promissory note can best be described as __________., a. an interest-bearing IOU, b. a guarantee of a line of credit, c. a commitment to lend money to someone, d. a government-backed bond
Those are your only choices
Answer:
A. An interest-bearing IOU
Explanation:
Presented below is information related to Vaughn Company. Cost Retail Beginning inventory $252,960 $281,000 Purchases 1,368,000 2,097,000 Markups 93,700 Markup cancellations 15,700 Markdowns 36,900 Markdown cancellations 4,900 Sales revenue 2,243,000 Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.) Ending inventory using conventional retail inventory method $enter the dollar amount of the ending inventory using conventional retail inventory method
Answer:
Conventional Retail Method
Cost Retail Cost to Retail ratio
Beginning Inventory 252,960 281,000
Add: Net Purchases 1,368,000 2,097,000
Add: Net Markups 78,000
2,456,000
Cost-to-retail Percentage 66.00% (1620960/2456000)
Less: Net Markdowns -32,000
Goods Available for Sale 1,620,960 2,424,000
Less: Net Sales -2,243,000
Estimated Ending Inventory at Retail $181,000
Estimated Ending Inventory at Cost = $181,000*66% = $119,460
Unsecured personal loans are based on ________., a. property values, b. collateral, c. private lending, d. creditworthiness
Answer:
creditworthliness
Explanation:
unsecured personal loans is a loan that does not require any type of collateral.
ound Hammer is comparing two different capital structures: An all-equity plan (Plan I) and a levered plan (Plan II). Under Plan I, the company would have 160,000 shares of stock outstanding. Under Plan II, there would be 110,000 shares of stock outstanding and $1.4 million in debt outstanding. The interest rate on the debt is 7 percent, and there are no taxes. a. If EBIT is $400,000, what is the EPS for each plan
Answer:EPS of Plan I = $2.50
EPS of Plan II = $2.75
Explanation:
Plan I Earning per share (EPS) = EBIT ÷ Number of shares
= $400,000 / 160,000 = $2.50
Plan II
Given that
debt outstanding = $1.4 million and interest rate on debt is 7percent
Interest = $1,400,000 × 7% = $98,000
Plan II's EPS= (EBIT - Interest ) ÷ Number of shares
= ($400,000 - $98,000 )/ 110,000
= 302,000/ 110,000=2.75
Alison's dress shop buys dresses from McGuire Manufacturing. Alison purchased dresses from McGuire on July 17 and received an invoice with a list price amount of $6,000 and payment terms of 1/10, n/30. Alison uses the net method to record purchases. Alison should record the purchase at: Group of answer choices
Answer:
$5,940
Explanation:
Purchase under Net method:
= Gross profit - Discount
= $6,000 - (1% of $6,000)
= $6,000 - $60
= $5,940
Therefore, Alison should record the purchase at $5,940.
High-Low Method Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the total cost. The data for various levels of production are as follows: Units Produced Total Costs 1,495 $198,720 2,650 223,450 3,795 309,120 a. Determine the variable cost per unit and the total fixed cost. Variable cost: (Round to the nearest dollar.) $fill in the blank 1 per unit Total fixed cost: $fill in the blank 2 b. Based on part (a), estimate the total cost for 1,900 units of production. Total cost for 1,900 units: $fill in the blank 3
Answer:
1. Variable cost per unit = [Total cost at highest level - Total cost at lowest level] / (Highest level of unit- Lowest level of unit)
Variable cost per unit = [$309,120 - $198,720] / [3,795 - 1,495]
Variable cost per unit = $110,400 / 2,300
Variable cost per unit = $48
Fixed costs = Total cost at highest level - [Variable cost per unit*Highest level of unit]
Fixed costs = $309,120 - [$48*3,795]
Fixed costs = $309,120 - $182,160
Fixed costs = $126,960
2. Total cost = Fixed cost + Variable cost
Total cost = $126,960 + $48*(1,900 units)
Total cost = $126,960 + $91,200
Total cost = $218,160
Gipple Corporation makes a product that uses a material with the quantity standard of 7.8 grams per unit of output and the price standard of $6.50 per gram. In January the company produced 3,900 units using 25,370 grams of the direct material. During the month the company purchased 27,900 grams of the direct material at $6.70 per gram. The direct materials purchases variance is computed when the materials are purchased. The materials price variance for January is:
Answer:
Direct material price variance= $5,580 unfavorable
Explanation:
Giving the following information:
The standard price of $6.50 per gram.
During the month the company purchased 27,900 grams of the direct material at $6.70 per gram.
To calculate the direct material price variance, we need to use the following formula:
Direct material price variance= (standard price - actual price)*actual quantity
Direct material price variance= (6.5 - 6.7)*27,900
Direct material price variance= $5,580 unfavorable
XS Supply Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized:
Current Year Previous Year
Balance Sheet at December 31
Cash $ 33,300 $ 28,250
Accounts Receivable 34,000 27,500
Inventory 40,000 37,500
Equipment 113,500 95,000
Accumulated Depreciation—Equipment (29,000) (24,500)
Total Assets $ 191,800 $ 163,750
Accounts Payable $ 35,000 $ 26,500
Salaries and Wages Payable 1,500 1,650
Note Payable (long-term) 33,500 39,000
Common Stock 85,600 72,100
Retained Earnings 36,200 24,500
Total Liabilities and Stockholders’ Equity 191,800 163,750
Income Statement
Sales Revenue 115,000
Cost of Goods Sold 67,500
Other Expenses 35,800
Net Income 11,700
Additional Data:
Bought equipment for cash, $18,500.
Paid $5,500 on the long-term note payable.
Issued new shares of stock for $13,500 cash.
No dividends were declared or paid.
Other expenses included depreciation, $4,500; salaries and wages, $19,500; taxes, $5,500; utilities, $6,300.
Accounts Payable includes only inventory purchases made on credit. Because there are no liability accounts relating to taxes or other expenses, assume that these expenses were fully paid in cash.
Required:
1. Prepare the statement of cash flows for the current year ended December 31 using the indirect method. (Amounts to be deducted should be indicated with a minus sign.)
XS SUPPLY COMPANY
Statement of Cash Flows
For the Year Ended December 31
Cash Flows from Operating Activities:
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Cash Flows from Investing Activities:
Cash Flows from Financing Activities:
Answer:
XS Supply Company
XS Supply Company
Statement of Cash Flows
For the current year ended December 31
Cash Flows from Operating Activities:
Net Income $11,700
Non-cash expenses: Depreciation 4,500
Changes in working capital:
Accounts Receivable -6,500
Inventory -2,500
Accounts Payable 8,500
Salaries and Wages Payable -150
Net cash from operations $15,550
Investing activities:
Purchase of Equipment -$18,500
Financing activities:
Note payable repaid -$5,500
Issue of common stock 13,500
Net cash from financing $8,000
Net cash flows $5,050
Reconciliation:
Cash in hand, beginning $ 28,250
Net cash flows 5,050
Ending balance $ 33,300
Explanation:
a) Data and Calculations:
Current Previous
Balance Sheet at December 31 Year Year Changes
Cash $ 33,300 $ 28,250 +$5,050
Accounts Receivable 34,000 27,500 +6,500
Inventory 40,000 37,500 +2,500
Equipment 113,500 95,000 +18,500
Acc. Depreciation—Equipment (29,000) (24,500) (4,500)
Total Assets $ 191,800 $ 163,750
Accounts Payable $ 35,000 $ 26,500 +$8,500
Salaries and Wages Payable 1,500 1,650 -150
Note Payable (long-term) 33,500 39,000 -5,500
Common Stock 85,600 72,100 +13,500
Retained Earnings 36,200 24,500 +11,700
Total Liabilities and Stockholders’ Equity 191,800 163,750
Income Statement
Sales Revenue 115,000
Cost of Goods Sold 67,500
Other Expenses 35,800
Net Income 11,700
Additional data:
Purchase of Equipment $18,500
Note payable repaid $5,500
Issue of common stock $13,500
Depreciation $4,500
when you start your career do careers require you To Move far away depending on The career That your doing
Answer:
It depends on where you applied for that career.
Answer:
It really just depends on what you choose to apply for.
Pick one of the three policies to address pollution that are listed below (these are covered in chapter 15, section 15.3) and describe why you believe it to be the best way to curb climate change. Your choices are:
1. Command and control
2. Pollution taxes
3. Cap and trade You must pick one and you must defend it as the best option.
Answer:
The correct option is the first one: Command and control.
Explanation:
To begin with, all three matters are necessary in order to try to achieve a reduction in the pollution of the planet. However, I do believe that the most important one tend to be the command and control focus due to the fact that the other three will also depend on that matter as well primarily.
So, it is necessary to understand that the "Command and Control" theme refers to the intervention of the government in matters of pollution when it comes to try to protect the environment by regulating the forces of the industry who on purposely damage their work surronding without care. Moreover, this point of view also focus on the control that the laws and regulations have on those companies so that will impact them directly to the way they act.
Which form of ownership generally has the least ability to accumulate capital? Partnership Sole proprietorship Corporation S-corporatio
Answer:
Option B (Sole proprietorship) is the right option.
Explanation:
A single trader, as well as an entrepreneur, seems to be an unaccompanied undertaking with only one manager paying payroll taxes even more on profit derived from such an undertaking, would be considered as Sole proprietorship.Considering the lack of state intervention, cooperatives are simple to configure as well as deconstruct or popularize among very small company owners including construction company groups.Other provided options aren't related to the given scenario. So option B is the correct one.
A pen producer in a monopolistically competitive market recently changed ink suppliers which caused a decrease in total cost of production. Using the data collected below, which includes the firm's new cost schedule, what should this firm set price and quantity at to maximize profits on pen sales?
Costs of Production for Boxes of Pens
Price Quntity Total Revenue Total Cost Marginal Revenue Marginal Cost
$16 0 $50
$15 50 $750 $700 $15 $13
$14 100 $1,400 $1,350 $13 $12
$13 150 $1,950 $1,850 $11 $11
$12 200 $2,400 $2,350 $9 $10
$11 250 $2,750 $2,800 $7 $9
$10 300 $3,000 $3,200 350 $3 $7
Answer:
The firm should set price at $13 per pen and quantity at 150 to maximize profits on pen sales.
Explanation:
a) Data and Analysis:
Price Quantity Total Total Cost Marginal Marginal
Revenue Revenue Cost
$16 0 $50
$15 50 $750 $700 $15 $13
$14 100 $1,400 $1,350 $13 $12
$13 150 $1,950 $1,850 $11 $11
$12 200 $2,400 $2,350 $9 $10
$11 250 $2,750 $2,800 $7 $9
$10 300 $3,000 $3,200 $3 $7
b) The monopolistic competitor's profit-maximizing price and quantity will be at the point where the marginal revenue equals the marginal cost. In other words, producing 150 pens and selling each for $13, where MC = MR, the producer will maximize its profit.
A bus company believes that its diesel fuel expenses might rise in the coming year and wants to create a hedge against the increase. The current price of diesel fuel is $3.50/gallon, and the company uses 10,000 gallons per month. The company purchased a futures contract for 10,000 gallons of diesel at $3.50/gallon to be delivered in six months. The price of the contract was $250.00. In six months, the spot price of diesel fuel is $3.85/gallon. The bus company accepted delivery of the contract commodity. What was the economic substance of the futures contract
Answer:
The contract produced savings of $3,250
Explanation:
Calculation to determine the economic substance of the futures contract
First step is to calculate the Increased in price of diesel fuel
Increase in diesel fuel price=$3.50/gallon to $3.85/gallon
Increase in diesel fuel price=.35/gallon
Second step is to calculate the amount saved by the firm
Amount saved=$0.35 × 10,000 gallons
Amount saved=$3,500
Now let determine the economic substance of the futures contract
Futures contract economic substance=$3,500 − $250
Futures contract economic substance=$3,250
Therefore the economic substance of the futures contract is $3,250
(a) List the main functions of CU and ALU. [4]
(b) Write the logical steps taken by a computer system along with the roles of
its main units in each step while transforming input data to useful
information.
Answer:Controlling and arithematic operations
Explanation:
a) The main functions of the Control Unit (CU) and Arithmetic and Logic Unit (ALU) in a computer are:
Control Unit: The CU is responsible for controlling the overall operation of the computer. It fetches instructions from memory, decodes them, and then activates the necessary circuits to execute the instructions.
Arithmetic and Logic Unit: The ALU is the part of the computer that performs arithmetic and logical operations. It can add, subtract, multiply, and divide numbers, as well as perform logical operations such as AND, OR, and NOT.
b) Here are the logical steps taken by a computer system, along with the roles of its main units, in transforming input data to useful information:
Input: The input data is entered into the computer through some type of input device, such as a keyboard or a scanner.
Storage: The input data is stored in the computer's memory (e.g., RAM or hard drive) for processing.
Processing: The Control Unit fetches instructions from memory and decodes them. It then activates the necessary circuits in the Arithmetic and Logic Unit to perform the required operations on the input data.
Output: The processed data is sent to some type of output device, such as a display or printer, for presentation to the user.
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What are the most likely options for Maggie in the
future? Check all that apply.
find a new job that will pay a better income
find out how much flood insurance costs
learn what would be covered by flood insurance
look into buying a new house and brand-new
furniture
decide if the flood insurance costs will benefit her
in the future
Answer:The correct answers are B, C, and E
Explanation:
Got it right on edge 2021
Answer:
bce
Explanation:
In the Month of March, Digby received orders of 159 units at a price of $15.00 for their product Drat, and in April receives an order for 40 units of their product Drat at $15.00. Digby uses the accrual method of accounting and offers 30 day credit terms. Digby delivers 0 units in March, 159 units in April and 40 units in May. They received payment for 159 units in April, and payment for 40 units in May. How much revenue is recognized on the March income statement from this order
Answer: 0
Explanation:
Accrual accounting method simply means when revenue or expenses are written down and recorded at the time that the transaction took place and not when payment was gotten.
The revenue that is recognized on the March income statement will be 0. This is because the delivery was in April and none took place in March.
06:02 MC)
An automobile company is building a new factory in your town. What may be a positive externality of this event? (1 point)
a
Noise produced by the workers and factory machines
b
Better schools from increase in property tax revenue
c
Reduction of contaminants in the local water supply
d
Improvement in the level of pollutants in the air
Answer:
Better schools from increase in property tax revenue.
Coline has the following capital gain and loss transactions for 2020.
a. Short-term capital gain $6,700
b. Short-term capital loss (2,814)
c. Long-term capital gain (28%) 8,040
d. Long-term capital gain (15%) 2,680
e. Long-term capital loss (28%) (14,070)
After the capital gain and loss netting process, what is the amount and character of Coline's gain or loss?
Answer:
Net short-term capital gain; $536
Explanation:
Calculation to determine the amount and character of Coline's gain or loss
Net short-term capital gain= ([$6,700-$2,814] - [($8,040-$14,070)-$2,680])
Net short-term capital gain= $3,886-$3,350
Net short-term capital gain= $536
Therefore After the capital gain and loss netting process, the amount and character of Coline's gain will be NET SHORT-TERM CAPITAL GAIN of $536
The following is a list of six control plans.
Control Plans
a. Review shipped not billed sales orders
b. Turnaround documents
c. Deposit slip file
d. Procedures for rejected inputs
e. Computer agreement of batch totals
f. Document design
These are followed by a list of five statements describing either the achievement of a control goal (i.e., a system success) or a system deficiency (i.e., a system failure).
Control Goals or System Deficiencies
1. The shipping clerk could not read the quantity picked that had been written on the picking ticket by the warehouse clerks.
2. In a periodic/batch environment, helps to ensure the information system control goal of input completeness of the shipping notices.
3. Helps to ensure that all shipments are billed in a timely manner.
4. Meets the operations system control goal of efficiency of resource use by reducing the number of data elements to be entered from source documents.
5. Provides an "audit trail" of deposits.
Match the five control goals or system deficiencies with a control plan that would best achieve the desired goal or prevent the system deficiency. A letter may be used only once, with one letter left over.
Answer:
1. f. Document Design.
2. e. Computer agreement of batch totals.
3. a. Review shipped not billed sales order.
4. b. Turnaround documents.
5. d. Procedures of rejected input.
Explanation:
The business in todays world has to meet customer demands in order to be successful. It should deliver goods timely and the processing lines should be efficient. The employees should work efficiently and should be able to complete their assigned tasks within time. There should be strict internal controls to avoid errors and frauds. When shipping clerk is unable to read quantity there should be defined document design which clearly shows the quantity in bold on the ticket.
A firm suffering economic losses decides whether or not to produce in the short run on the basis of whether:_________
a. revenues from operating are sufficient to cover fixed plus variable costs
b. firms suffering economic losses will always shut down
c. Price cover minimum variable costs
d. revenues from operating are sufficient to cover fixed costs
Answer:
C
Explanation:
A firm is making economic losses if opportunity cost is greater than accounting profit.
In the short run, a firm should shut down if price is less than variable cost.
A short run is the period where all the factors of production are fixed
Fixed costs are costs that do not vary with output. e,g, rent, mortgage payments
If production is zero or if production is a million, Mortgage payments do not change - it remains the same no matter the level of output.
Hourly wage costs and payments for production inputs are variable costs
Variable costs are costs that vary with production
If a producer decides not to produce any output, there would be no need to hire labour and thus no need to pay hourly wages.
You need a 30-year, fixed-rate mortgage to buy a new home for $235,000. Your mortgage bank will lend you the money at an APR of 5.35 percent for this 360-month loan. However, you can afford monthly payments of only $925, so you offer to pay off any remaining loan balance at the end of the loan in the form of a single balloon payment. How large will this balloon payment have to be for you to keep your monthly payments at $925? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Balloon payment
Answer:
$343,995.87
Explanation:
The computation is shown below;
But before that we need to determine the present value
Given that
PMT = $925
I = 5.35% ÷ 12 = 0.4458333%
FV = 0
N = 360
The formula is given below:
= -PV(RATE;NPER;PMT;FV;TYPE)
SO, the PV is $165,647.87
Now The amount of principal still pending is
= $235,000 - $165,647.87
= $69,352.13
Now the balloon payment is
= $69,352.13 × (1 + (5.35% ÷ 12))^360
= $343,995.87
the Bailey Brothers want to issue 20-year , zero coupon bonds that yield 9% .what price should it charge for these bonds if the face value is $1000?
Answer:
the amount charged is $178.43
Explanation:
The computation of the price charged is shown below:
As we know that
Future value = Present value × (1 + rate)^number of years
So,
Present value = Future value ÷ (1 + rate)^no of years
= $1,000 ÷ (1 + 0.09)^20
= $1,000 ÷ 1.09^20
= $178.43
Hence, the amount charged is $178.43
what is the most common ways an organization uses the internet for business?
Answer:
Amazon.com. If you're serious about using the world of internet marketing to build your business, hop on the Amazon Marketplace bandwagon. Blog, Blog, Blog. Social Media Optimization. Online Reviews.
The most common ways an organization uses the internet for business are:
I) advertisements
II) expansion of market online
III) various competitions like hackathons give new innovation for the expansion of organization
Suppose that the spot rate on the Canadian dollar is C$1.40. The risk-free nominal rate in the U.S. is 8 percent while it is only 4 percent in Canada. Which one of the following one-year forward rates best establishes the approximate interest rate parity condition?
a. C$1.355.
b. C$1.344.
c. C$1.278.
d. C$1.456.
Answer:
b. C$1.344.
Explanation:
Calculation to determine Which one of the following one-year forward rates best establishes the approximate interest rate parity condition
One-year forward rates =C$1.40 *[1 + (.04 - .08)]^1
One-year forward rates= C$1.344
Therefore the following one-year forward rates that best establishes the approximate interest rate parity condition is C$1.344
In a graduated tax system,
a. the tax rate says the same regardless of taxable income.
b. the tax rate gets lower as taxable income gets larger.
c. the tax rate gets higher as taxable income gets smaller.
d. the tax rate gets higher as taxable income gets larger
Answer:tax rate gets high the more I come
Explanation:
More money earned means more tax return
Oriole Company had the following transactions during 2022: 1. Issued $310000 of par value common stock for cash. 2. Recorded and paid wages expense of $148800. 3. Acquired land by issuing common stock of par value $124000. 4. Declared and paid a cash dividend of $24800. 5. Sold a long-term investment (cost $7440) for cash of $7440. 6. Recorded cash sales of $992000. 7. Bought inventory for cash of $396800. 8. Acquired an investment in Zynga stock for cash of $52080. 9. Converted bonds payable to common stock in the amount of $1240000. 10. Repaid a 6-year note payable in the amount of $545600. What is the net cash provided by financing activities
Answer and Explanation:
The computation of the net cash provided by financing activities is shown below;
Cash flows from financing activities
Issue of common stock $310,000
Less : Cash dividends ($24,800)
Repaid notes Payable ($545,600)
Net cash flow used by financing activities ($260,400)
The positive amount represent the inflow of cash and the negative amount represent the outflow of cash
Dose stockholders get one vote for each share they own?
Answer:
Investors with common stock are generally allowed one vote per share they own.
Explanation:
Stockholder voting rights are the privileges granted to shareholders of a company to vote on matters that affect the company, such as the election of directors and the approval of major corporate actions, and to have a say in how the company is run.
Investors who own shares of the common stock of a company usually have shareholder voting rights.
Thus, an investor who owns 1,000 shares of stock may have 1,000 votes to cast.
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Campbell Co. has net sales revenue of $1,340,000, cost of goods sold of $760,900, and all other expenses of $299,000. The beginning balance of stockholders' equity is $409,000 and the beginning balance of fixed assets is $370,000. The ending balance of stockholders' equity is $609,000 and the ending balance of fixed assets is $398,000. The fixed asset turnover ratio is closest to:
Answer:
3.50
Explanation:
Given the information above, we need to find first the Average fixed assets.
Average fixed assets = Fixed assets beginning balance + Fixed assets ending balance / 2
= ($370,000 + $398,000) / 2
= $384,000
Then , the fixed assets turnover will be calculated as;
Fixed assets turnover = Net revenue / Average net fixed assets
= $1,340,000 / $384,000
= 3.50
Therefore, Campbell Co. Fixed asset turnover ratio would be 3.50
There are two projects under consideration by the Rainbow factory. Each of the projects will require an initial investment of $35,265 and is expected to generate the following cash flows: First Year Second Year Third Year Total Alpha Project $32,000 $22,500 $4,500 $59,000 Beta Project 8,000 23,000 27,627 58,627 A. Calculate the internal rate of return on both projects. Use the IRR spreadsheet function to calculate
Answer and Explanation:
The computation of the internal rate of return is shown below:
Year Alpha project Cash flows Beta project Cash flows
0 -$35,265 -$35,265
1 $32,000 $8,000
2 $22,500 $23,000
3 $4,500 $27,627
IRR 42% 25%
Selected Balance Sheet Information
Dec. 31, 2019 Dec. 31, 2018
Cash $20,000 $17,500
Accounts receivable 10,500 8,000
Inventory 18,000 21,000
Accounts payable 15,000 10,000
Income taxes payable 1,000 2,500
Burch Company Income Statement
For the year ended December 31, 2019
Sales $250,000
Cost of goods sold (160,000)
Depreciation expense (15,000)
Other expenses (35,000)
Income tax expense (12,000)
Net income $28,000
Required: Compute the net cash flows from operating activities using the indirect method.
Answer:
$47,000
Explanation:
Computation for the net cash flows from operating activities using the indirect method.
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income $28,000
Adjustments to reconcile net income to
Net cash provided by operating activities
Depreciation expense $15,000
Increase in Accounts Receivable -$2,500 ($8,000-$10,500)
Decrease in inventory $3,000
($21,000-$18,000)
Increase in accounts payable $5,000
(15000-10000)
Decrease in income taxes payable -$1,500 ($1,000-$2,500)
Net cash flows from operating activities $47,000
Therefore the net cash flows from operating activities using the indirect method is $47,000