On a personal income statement, ____ and ____ are the normal designations for profit and loss for an individual.
On a personal income statement, cash surplus and cash deficit are the normal designations for profit and loss for an individual.
What is personal income statement?Personal income statement can be defined as the statement that shows or summarize your expenditure and revenue over a particular period of time.
Personal income statement is important as enables a company to know their cash surplus as well as cash deficit .
Therefore on a personal income statement, cash surplus and cash deficit are the normal designations for profit and loss for an individual.
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A contractionary monetary policy combined with an expansionary fiscal policy will:.
If fiscal policy is expansionary and monetary policy is contractionary, interest rates will almost certainly rise because both measures serve to raise interest rates.
What do the terms Monetary Policy and Fiscal Policy mean?The Monetary policy regulates the amount of money available in an economy as well as the channels by which new money is provided. A central bank's goal in controlling the money supply is to impact macroeconomic factors such as inflation, consumption rate, economic growth, and general liquidity.
Fiscal policy is the process through which a government modifies its spending levels and tax rates in order to monitor and impact the economy of a country. It is a monetary policy strategy in which a central bank controls a country's money supply. These two policies, in various combinations, are used to direct a country's economic goals.
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An advantage of an enterprise resource planning (ERP) system is that to implement it, an organization need not attempt to do everything at once. Group of answer choices True False
Enterprise Resource Planning systems allow an organization to avoid having to do everything at once so this is TRUE.
What does an ERP system do?It enables an organization to plan out its activities so that the organization can become more successful.
ERP takes into account, the constraints and resources of a company and for this reason, will not require that all plans are executed at once but sequentially.
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Which buyer type has an open mind and tends to take chances on new products without hesitation?
a. ready buyer
b. logical buyer
c. stubborn buyer
d. emotional buyer
Answer:
A
Explanation:
Wi-Fi, Inc., reported a net income of $50,000 for the current year. The beginning and ending balances for Retained Earnings for the year are $100,000 and $130,000 respectively. How much did Wi-Fi pay as dividends for the year
The total value of dividends paid to the shareholders of Wi-Fi, Inc. for the year given the change in retained earnings and income is $20,000.
What is the dividend paid?
Dividend is the amount paid to shareholders of a public company out of the net income earned by a company in a particular period.
Dividend paid = net income - change in net income
Change in net income = $130,000 - $100,000 = $30,000
Dividend paid = $50,000 - $30,000 = $20,000
Which is a profit seeking organization that has both depositors and borrowers and is equally responsible to both
A profit seeking organization that has both depositors and borrowers is: Commercial banks.
What is commercial bank?Commercial bank is a financial institution that offers various product and services such as:
Receive or accept deposit Give out loan to borrowersOperate a saving account and checking account etcCommercial bank perform important function as they offers loan to their customers.
Therefore a profit seeking organization that has both depositors and borrowers is: Commercial banks.
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An investor who goes short in a futures contract will _____ any increase in value of the underlying asset and will _____ any decrease in value in the underlying asset. Multiple Choice pay; pay pay; receive receive; pay receive; receive
An investor who goes short in a futures contract will pay any increase in value of the underlying asset and will receive any decrease in value in the underlying asset
Who is an investor?An investor is an individual who has invested certain amount of money in a business, firm or organization.
There is an agreement on the amount invested and how profit will be shared in the business.
Therefore, an investor who goes short in a futures contract will pay any increase in value of the underlying asset and will receive any decrease in value in the underlying asset.
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Which email message has a negative tone? (NEEDED SOON!!)
a. “We will see you next week.”
b. “How was your birthday?”
c. “There’s nothing we can do about it.”
d. “I hope you are feeling better soon.”
Decisions related to _____ are considered structured decisions at the operational management level of an organization
Answer:setting queue priorities
Explanation:
9. While parked on the street overnight, the passenger window in Sam's car was
smashed by someone trying to break in. Which type of auto insurance
coverage will help cover the cost to get the window replaced?
Liability
Liability insurance coverage will help cover the cost to get the window replaced in this case.
What is Insurance?This is defined as a means of protection from financial loss and include auto and health insurance etc.
Liability insurance will pay for property damage or injuries to another person caused when the individual is at fault. In this case, parking on the street makes the individual to be liable.
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Calculate the total return for each fund. Take the ending value divided by 1,000 (the beginning value), subtract 1, and multiply by 100. What are your investment returns for your money market fund and your stock fund
The total return for each fund is calculated as follows:
Money Market Fund Stock Fund
Total return 35% 25%.
What is the total return?The total return can be computed using the given formula.
It can also be computed as the dollar returns divided by the beginning value (investment cost), multiplied by 100.
Question Completion with Calculations:Money Market Fund Stock Fund Total Fund
Beginning value $1,000 $1,000 $2,000
Ending value $1,350 $1,250 $2,600
Total return $350 $250 $600
Using the given formula, the total return for each fund is as follows:
Total return ($1,350/$1,000 - 1) x 100 ($1,250/$1,000 - 1) x 100
= 35% 25% 30%
Thus, the total return for each fund is 35% for the Money Market Fund and 25% for the Stock Fund.
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Rasheed works for Company A, earning $421,000 in salary during 2021. Assuming he is single and has no other sources of income, what amount of FICA tax will Rasheed pay for the year
Based on 2021 FICA tax rates, the amount of FICA taxes that Rasheed will pay in 2021 is $16,947.60.
What are Rasheed's FICA taxes?He will pay 6.2% for Social Security on the first $148,800:
= 6.2% x 142,800
= $8,853.60
He will also pay 1.45% for Medicare:
= 1.45% x 421,000
= $6,105
He will pay 0.9% for all amounts above $200,000 for Medicare Surtax:
= 0.9% x (421,000 - 200,000)
= $1,989
Total is:
= 1,989 + 6,105 + 8,853.60
= $16,947.60
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Business firms sometimes refer to social media as ________ media.
Business firms sometimes refer to social media as consumer generated media.
What is social media?Social media is an internet-based form of communication which enhance users sharing of ideas, thoughts and information.
There are many forms of social media, like
BlogsPhoto-sharing sitesVirtual wordsHence, business firms sometimes refer to social media as consumer generated media.
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Any type of communication occurring via a technological channel is a form of __________ communication.
Any type of communication occurring via a technological channel is a form of mediated communication.
What is mediated communication?mediated communication serves as any situation where a technological medium is used to pass across information via face-to-face interaction.
Therefore, mediated communication includes interpersonal access as well as media-simulated interpersonal communication.
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Secret Trails received payment in full within the credit period for horse boarding for $1,300 plus 4% sales tax. Terms of the sale were 3/10, n/30. Which entry is required to record this
The appropriate journal entry is:Debit Cash $1313; debit Sales Discount $39; credit Accounts Receivable $1352.
Journal entryBased on the information given the correct entry to record this transaction is:
Debit Cash $1313
{$1300+[($1300×4%)-($1300×3%)]}
[$1300+($52-$39)]
Debit Sales Discount $39
($1300×3%)
Credit Accounts Receivable $1352
[$1300 + ($1300×4%)]
Inconclusion the appropriate journal entry is:Debit Cash $1313; debit Sales Discount $39; credit Accounts Receivable $1352.
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If reserves increase by $8 billion, what is the difference in the resulting change in checkable deposits when the required reserve ratio is 12.5 percent compared to when it is 10 percent
The difference in the resulting change in checkable deposits when the required reserve ratio is 12.5 percent is $16 billion.
Difference in the resulting change
Using this formula
Difference in the resulting change=(Increase in reserve/required reserved ratio of 10%)-(Increase in reserve/required reserved ratio of 12.5%)
Let plug in the formula
Difference in the resulting change=($8 billion/0.10)-($8 billion/0.125)
Difference in the resulting change =$80 billion-$64 billion
Difference in the resulting change=$16 billion
Therefore the difference in the resulting change in checkable deposits when the required reserve ratio is 12.5 percent is $16 billion.
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When Janet sends out an e-mail to her subordinates reminding them that the offices will be closed for the upcoming holiday weekend and wishes them all a good time with their friends and family, it is an example of ________ communication.
The fact that Janet sent out an e-mail to her subordinates to remind them of the office closure would make this an example of a One-way communication.
What is a one-way communication?This is a communication where the sender of the message does not expect a response to their message.
Janet sent an e-mail reminding her subordinates that there would be an office closure but did not ask for a response to her message. This was therefore a one-way communication.
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An additional cost from selecting a certain course of action is a(n): Multiple Choice Sunk cost. Period cost. Pocket cost. Discount cost. Incremental cost.
Answer:
Incremental cost.
Explanation:
Hope that helps!!
Maude enters into a contract with Dr. Hibbert to provide surface materials for Dr. Hibbert's tennis courts by April 1 for a tournament to begin May 1. The contract specifies an amount to be paid if the contract is breached. This is a liquidated damages clause if the amount is:
Answer:
okay the amount is high just know that
The ________ of an ad is defined as the average number of times a person must see or hear a message before it is truly received.
An effective frequency of an ad means the average number of times a person must receive a message before it is truly received.
What is an effective frequency?It means the number of times that a consumer must be exposed to an advert before the optimization of their likelihood of completing whatever the desired action is will be possibie.
In conclusion, these measures is serves a necessary tactic to drive customers' exposure to a message, product, or service
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Chang Industries has already spent $230,000 to produce tables. Those tables can be sold as is for $442,000. Alternatively, the tables can be processed further by finishing them with a stain for an additional cost of $150,000. The stained tables can be sold for $620,000. Chang should:
Incremental revenue is often compared to production costs. The stained tables can be sold for $178,000.
What is incremental revenue?Incremental revenue is the profit that a business earns through rising sales.
It can be used to determine the additional revenue generated by a particular product, investment, or direct sale from a marketing campaign when sales value has grown.
As per the information,
the tables could be sold for $442,000 and after additional processing the tables can be sold for $620,000. The incremental revenue is equal to $620,000 - $442,000 = $178,000
Therefore,The stained tables can be sold for $178,000.
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What is the market value of one share of Beaver Business Inc. stock if the company just paid an annual dividend of $6.16, the dividends will increase by 3.6 percent annually, and you require a return of 7.7 percent
Based on the dividends, the growth rate, and the return required, the price for Beaver Business's stock is $155.65
What is the market price of Beaver Business's stock?This can be found by the formula:
= (Current dividend x ( 1 + growth)) / (Required return - Growth rate)
Solving gives;
= (6.16 x 1.036) / (7.7% - 3.6%)
= $155.65
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If the approximate market value for of a $1,000 corporate bond is $1,200 and it pays 6 percent interest, then what are comparable bonds paying?
The comparable bonds pay a 5% interest rate when the approximate market value of a $1,000 corporate bond is $1,200 and it pays 6 percent interest.
What are bonds?A bond is a type of financial security in which the issuer owes the holder debt and is obligated depending on the terms to repay the principal of the bond as well as interest over a specified period of time.
Given that,
Approximate market value of $1,000 is $1,200
Interest rate is 6%
[tex]\rm\,Annual \; Interest = (face \; value)\times Interest \; rate\\ \rm\,Annual \;Interest = 1,000 \times 6\%\\ \rm\,Annual \;Interest = 60\\\\Calculation of comparable bond interest rate:\\\\Approximate \;bond \;value = \frac{Annual\; interest}{Comparable \;interest\; rate} \\\\1200 =\frac{60}{Comparable\; Interest \;Rate} \\\\Comparable\; Interest\; Rate = 5\%[/tex]
Hence, the comparable bonds pay a 5% interest rate.
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Which of the following is a risk involved in both sales and leases?
OA. Loss due to damaged property
B. Disputed ownership
OC. A greater residual value than the actual market value of the
property
OD. Being forced by the owner to cease use of the property
Loss due to damaged property is the risk involved in both sales and leases. Thus, Option A is the correct statement.
What is the difference between a Sale and a Lease?The primary distinction between sale and lease is that a sale occurs when the owner of a property gives up ownership in exchange for money.
A lease, on the other hand, is when the owner of specific property rents out the property for a set period of time.
Thus, Option A. Loss due to damaged property is the correct statement.
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Answer:
A. Loss due to damaged property
Explanation:
In both sales and leases the buyer runs the risk of having a loss due to damaged property whether it occur while transferring or before/after the property was bought. Usually title insurances and other insurance is bought to fight against the risk that may occur.
The accounting scandals of the early 2000s led many people to question the legitimacy of.
The firm will pay the dividend to all shareholders of record on a specific date, set by the board, called the ________ date.
Answer:
organisation mineral resources
According to classical economists, a. both V and Q are variable for an economy in short-run equilibrium. b. prices are rigid. c. changes in M cause changes in V. d. the velocity of money is constant.
The average price of goods and services equals the contribution of money to the economy. Velocity and quantity are constant in the short run. So, a change in money supply leads to changes in price
What is Quantity Theory of Money?Monetary economics is a branch of economics that studies different perspectives on money. One of the main research areas of this economic sector is quantity theory of money (QTM).
The quantity theory of money was developed by Irving Fisher
According to the quantity theory of money :
Money supply x velocity = price x quantity
Velocity and quantity are constant in the short run. So, a change in money supply leads to changes in price
Thus,According to classical economists, the velocity of money is constant. Option D is correct statement.
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________ is the process by which the consumer surveys the environment for appropriate data to make a reasonable decision. Problem recognition Information search Evaluation of alternatives Product choice
Information search is the process by which the consumer surveys the environment for appropriate data to make a reasonable decision
What is information search?It is the process of gathering relevant information as regarding a particular goods and services.
This information helps the consumer to make appropriate decision as regarding a commodity.
Therefore, Information search is the process by which the consumer surveys the environment for appropriate data to make a reasonable decision.
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The profits from various forms of trafficking are estimated to be _____ annually.
Answer:
The answer is $150 billion
Explanation:
The profits from various forms of trafficking are estimated to be $150 billion annually.
A retail outlet that focuses on one type of product category at very competitive or discount prices and often dominates the market is referred to as a __________. Group of answer choices category killer. hypermarket. department store. general merchandise store.
Retail outlet that focuses on one type of product category at very competitive or discount prices and often dominates the market is referred to as a department store
What s department store?department store is store that sells in retail with different types of goods included.
The price are often discounted became they sell in abundance.
Therefore, retail outlet that focuses on one type of product category at very competitive or discount prices and often dominates the market is referred to as a department store
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