Answer and Explanation:
The journal entries are shown below
On Sep 10
Account receivable - king $200
To Bad debt expense $200
(Being the reinstate previously written off account receivable is recorded)
Here account receivable is debited as it increased the assets and credited the bad debt expense as it decreased the expenses
On Sep 10
Cash Dr $200
To Account receivable - king $200
(Being cash collection is recorded)
Here the cash is debited as it increased the assets and account receivable is credited as it decreased the assets
Automobiles and many other products are differentiated. As a result Group of answer choices the quality of imported automobiles is less than it could be.
The available options are:
A) we see countries specializing completely in the production of automobiles.
B) the quality of imported automobiles is less than it could be.
C) different countries may each have a comparative advantage in producing different types of automobiles.
D) consumers of automobiles have difficulty deciding what type of imported automobile to buy.
Answer:
C) different countries may each have a comparative advantage in producing different types of automobiles.
Explanation:
According to the principle of comparative advantage, Automobiles and many other products are differentiated. As a result of "different countries may each have a comparative advantage in producing different types of automobiles."
This is evident in the fact that some countries may have a comparative advantage to produce Trucks than cars, while some may have a comparative advantage in producing caterpillar than Trucks.
This is also similar in a variety of other products. The comparative advantage could be based on raw materials, expertise, climates, etc.
relationship between risk and return
Answer:
Generally, the higher the potential return of an investment, the higher the risk. There is no guarantee that you will actually get a higher return by accepting more risk. Diversification enables you to reduce the risk of your portfolio without sacrificing potential returns.
Your manager has asked you and several colleagues to brainstorm ideas for better addressing the challenges and opportunities of today’s workforce. Which of the following issues will you and your colleagues be thinking about?
Resilience to severe economic shocks, such as the one experienced in 2007–
2008, and general economic uncertainty
Increased diversity, including but not limited to gender and ethnicity
The role of quality in providing value to customers and reducing costs
Differences in priorities among older and younger employees, with younger people often seeking flexibility over long-term career prospects
Answer:
Differences in priorities among older and younger employees, with younger people often seeking flexibility over long-term career prospects
A process of examining the differences between actual and budgeted costs and describing them in terms of the amounts that resulted from price and quantity differences is called:
Answer:
Variance analysis
Explanation:
Variance analysis is a term that described the measuring control method often utilized by business management to evaluate and determine the quantitative disparity between the planned and the eventual outcome of the firm's budget and sales.
Hence, in this case, it can be concluded that VARIANCE ANALYSIS is a process of examining the differences between actual and budgeted costs and describing them in terms of the amounts that resulted from price and quantity differences
Explain why full employment does not mean 0% unemployment
A logistic company determined the distance traveled per truck per year follows a normally distribution with a mean of 50 thousand miles and a standard deviation of 12 thousand miles. Answer the following questions:
At least 80% of the trucks will log 39.9006 thousand miles by following normal distribution.
What is standard normal distribution?
A specific instance of the normal distribution is the standard normal distribution. It is the distribution that develops when the mean and variance of a normal random variable are both equal to one. Standardizing is the process of changing a normal distribution into a standard normal distribution. The following equation can be used to get Z's value:
Z=x-mu/sigma
X ∼ N (50,12²)
Below is a list of how many miles at least 80% of the trucks have driven:
P(X≥x)=P(Z≥x−50/12)
1−P(Z<x−50/12)=0.80
P(Z<x−50/12)=0.20 .
The standard normal distribution table can be used to determine Z's value.
x−50/12=−0.84612
X=−0.84612×12+50
=39.9006
Therefore, at least 80% of the trucks will log 39.9006 thousand miles.
X ∼ N (50,10²)
Below is a list of how many miles at least 80% of the trucks have driven:
P(X≥x)=P(Z≥x−50/10)
1−P(Z<x−50/10)=0.80
P(Z<x−50/10)=0.20 .
The standard normal distribution table can be used to determine Z's value.
x−50/10=−0.84612
X=−0.84612×10+50
=41.5388
If the standard deviation is 10.0, then at least 80% of the vehicles will cover 41.5388 thousand kilometers.
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Complete question:
As part of her retirement planning, Mrs. Campbell purchases an annuity that pays compounded quarterly. If the quarterly payment is $3,500, how much will Mrs. Campbell have saved in 5 years?
Answer: $88289.8
Explanation:
Here's the complete question:
As part of her retirement planning, Mrs. Campbell purchases an annuity that pays 9.5% compounded quarterly. If the quarterly payment is $3,500, how much will Mrs. Campbell have saved in 5 years?
The future value of an annuity will be calculated using the formula:
= A((1+r)^n)-1)/r
Where,
A = the annuity payment = 3500
r = the interest rate = 9.5% compounded quarterly = 9.5% / 4 = 0.095 / 4 = 0.2375
n = the number of time periods = 4 × 5 = 20
We then substitute the values and we will get:
= A((1+r)^n)-1)/r
= 3000 × (1.02375^20-1) / 0.02375
= $88289.8
Make a comparison between the government’s roles in a capitalist economic system versus a socialist or communist economic system.
Answer:
see below
Explanation:
In a capitalist economy, the government does not interfere with the economic activities in the country. Its role is minimal and mainly regulatory. It ensures fair play and protects the workers' and customers' interests. The government may also engage in the provision of public goods and services.
In a socialist economy, the government makes all the economic decisions. It produces and distributes of all goods and services. The government makes a central plan that determines what is to be produced, the quantity, and their prices. Almost all the factors of production are controlled and owned by the government.
Carefully set sales territories A) can reduce travel time but increase costs. B) can reduce confusion about who has responsibility for a set of sales tasks. C) always include at least one metropolitan area. D) always reduce the cost of sales calls. E) can increase travel time while reducing costs.
Answer:
B) can reduce confusion about who has responsibility for a set of sales tasks.
Explanation:
The carefully set sales territories reduce the confusion with respect to the responsibility for setting out the selling task
Therefore as per the given situation, the option B is correct as it fits to the situation
Thus, all the other options are incorrect
Hence, the option B is correct
Why calculating the unit price of an item is useful when buying?
It helps you to check if the price is correct.
It helps you determine the best offer.
Helps you locate items in the store.
Determine if a coupon can still be used.
Describe strategies that companies can employ to help ensure that employees approach transfers and promotions, particularly when relocation is involved, as development opportunities.
Answer:
The description according to another circumstance is summarized throughout the subsection below.
Explanation:
Younger employee transactions including advancement throughout particular on the change to investment opportunities whenever employers have a comprehensive relocation as well as transition strategy in anything other than a manner however to employee retention.
Almost all of the given opportunities to handle relocations or transitions:
Modification of incentives as well as payouts. Additional help in the sale or purchase of the property. Starting to move your spending.Share information sufficiently about everything from the intent of displacement so it appears to either the individual whereby he or she is of importance to either the mission.
Importance of allocating duties and responsibilities to a procurement staff
Procurement officers are responsible for assessing suppliers, products, and services, negotiating contracts, and guaranteeing that approved acquisitions are both high-quality and competitively priced.
A procurement officer's responsibilities include managing the staff and all activities within the purchasing department. the creation of plans for the purchase of goods, services, and equipment. following and respecting the procurement policies of the firm.
Keeping records of procurement officers' qualifications, delivery timelines, product offerings, etc. up to date. maintaining favorable supplier connections and contract negotiations. Examining and research prospective suppliers making budgets, reports, and cost analyses.
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LePage Co. expects to earn $2.50 per share during the current year, its expected dividend payout ratio is 65%, its expected constant dividend growth rate is 6.0%, and its common stock currently sells for $24.75 per share. New stock can be sold to the public at the current price, but a flotation cost of 10% would be incurred.
What would be the cost of equity from new common stock(re)?Cost of Retained Earnings Common Equity (rs) = .Cost of Newly Issued Common Stock (re) = .
Answer and Explanation:
The computation is shown below:
As we know that
Current price (Po) = Expected Dividend ÷ (Cost of Retained Earning - growth rate)
where,
Expected Dividend is
= $2.50 × 65% × 1.06
= $1.7225
The Current price is $24.75
And the growth rate is 6%
So,
Cost of Retained Earning is
= $1.7225 ÷ 24.75 + 0.06
= 12.96%
Now the cost of equity from the common stock is
But before that the current price after floatation cost is
= Expected Dividend ÷ (Cost of Newly Issued Common Stock - growth rate)
where,
Expected Dividend is
= $2.50 × 65% × 1.06
= $1.7225
The Current price after floatation Cost is
= $24.75 - 10% × $24.75
= $22.275
The growth rate is 6%
Now
Cost of Newly Issued Common Stock is
= $1.7225 ÷ $22.275 + 0.06
= 13.73%
Valuing semiannual coupon bonds Bonds often pay a coupon twice a year. For the valuation of bonds that make semiannual payments, the number of periods doubles, whereas the amount of cash flow decreases by half. Using the values of cash flows and number of periods, the valuation model is adjusted accordingly.
Assume that a $4,000,000 par value, semiannual coupon U.S. Treasury note with three years to maturity (YTM) has a coupon rate of 3%. The yield to maturity of the bond is 7.60%. Using this information and ignoring the other costs involved, the value of the Treasury note s $2 9 S,38230 ▼ Based on your calculations and understanding of semiannual coupon bonds, complete the following statements Assuming that interest rates remain constant over the life of the note its price should
The T-note described is currently selling at a discount ▼ be expected to formula is assumed to have a value of ▼ as the T-note approaches maturity , when valuing a semiannual coupon bond, the time period (N) in the present value periods ー Grade It Now Save & Continue Continue without saving
Answer:
market value of treasury notes
PV of face value = $4,000,000 / (1 + 3.8%)⁶ = $3,197,981
PV of coupon payments = $120,000 x 5.27644 = $633,173
market value = $3,831,154
the T-note is being sold at a discount since the YTM is higher than the coupon rate. As the bond approaches maturity, its market value should increase.
Monitoring Central Bank Intervention1) How can your business be affected if the Fed attempts to strengthen the dollar in the for-eign exchange market?2) If the Fed decides to weaken the dollar, how will your business be affected?3) How can indirect central bank intervention affect your business even if there is no impact on exchange rates?
Answer:
1) if the FED decides to strengthen then dollar, it will make US exports more expensive and imports cheaper. That will cause net exports to decrease, i.e. there will be less exports and more imports.
A strengthening of the US dollar helps importing companies because they will buy cheaper goods from abroad and will be able to sell them at higher domestic prices. On the other hand, exporting companies will be hit because hey loss competitiveness since their products will be more expensive.
2) If the FED decides to weaken the US dollar, the opposite will happen. Exporting companies will be favored, while importing companies will be hurt. The country will start to export more and import less.
3) Generally, the FED intervenes market through its money supply policy. When the interest rate increases or the money supply increases, the value of the US dollar will tend to lower. Even if expansionary monetary policy doesn't have an immediate impact, the expectations do matter. If people expect a devaluation of the US dollar, they will start to buy foreign currencies, which in turn will end up devaluating the US dollar. It is a self-fulfilled prophecy.
Another way the FED impacts businesses is through the interest rate. Lower interest rates will increase both domestic and foreign investment in the US.
Again, Inc. bonds have a par value of $1,000, a 25 year maturity, and an annual coupon rate of 8.0% with annual coupon payments. The bonds are currently selling for $868. The bonds may be called in 6 years for 108.0% of par. What quoted annual rate of return do you expect to earn if you buy the bonds and company calls them when possible?
a) 9.39%
b) 12.21%
c) 13.42%
d) 10.13%
e) 8.30%
Answer:
b) 12.21%
Explanation:
The computation of the quoted annual rate of return is shown below:
Given that
Future value = $1,000 × 108% = $1,080
Present value = $868
NPER = 6 years
PMT = $1,000 × 8% = $80
The formula is shown below:
= RATE(NPER;PMT;-PV;FV;TYPE)
The present value comes in negative
After applying the above formula, the annual rate of return is 12.21%
Therefore the correct option is b.
A cash advance loan with very high interest that must be repaid in two weeks in an example of:
A. A short-term loan.
B. A long-term loan.
C. Alternative financing.
D. A line of credit.
Answer is: C. Alternative financing
Answer: Alternative financing
Explanation: Just took the test
sells one-year online subscriptions for viewing classic movies. Customers are required to pay for the subscription at the beginning of the subscription period. On April 1, 2021, total sales of one-year subscriptions are $12,000. What adjusting entry does WatchTV need to record on December 31, 2021
Answer:
a. Debit deferred revenue and credit service revenue for $9000.
Explanation:
Note: The full question is attached as below
Subscription earned for 9 months = $12000 / 12 * 9
Subscription earned for 9 months = $9,000
Date Account titles Debit Credit
Dec 31, 2021 Deferred revenue $9,000
To Service revenue $9,000
When Auto-Manufacturing Company designed a 6-month e-mail campaign, it included several customer offers that increased in value over time. This is an example of:_________.
A. Content marketing
B. The bounce rate
C. Content optimization
D. Exclusive deals
E. A drip campaign
Answer: a drip campaign
Explanation:
The example used by Auto-Manufacturing Company in the above scenario is a drip campaign.
Drip marketing is refered to as an email marketing strategy whereby several mails are sent out to customers at a particular time period. It is used to keep in touch with the customers and also nurture leads.
What should be the price of a stock with a beta of 0.7 that just paid a dividend of $1.25 that is expected to grow at 4% if the risk-free rate is 3% and the expected market return is 10%?A. $69.44 B. $33.33 C. $32.05 D. $72.22
Answer: $32.05
Explanation:
Beta = 0.7
Dividend = $1.25
Growth rate = 4%
Risk free rate = 3%
Market return = 10%
Since, Required return = risk free rate + beta × (market rate - risk free rate)
We will then slot in the values and.this will be:
= 3% + 0.7 × (10% - 3%)
= 3% + (0.7 × 7%)
= 3% + 4.9%
=7.9%
The price of the stock will then be:
= D1/(Required return-Growth rate)
=1.25 / (0.079 - 0.04)
= 1.25 / 0.039
= $32.05
Procrastination may lead to
Answer:
Depression, anxiety, low self-esteem, ADHD, and bad study habits are all possible causes of procrastination. Procrastination is linked to poor performance and hazards to one's mental health. Procrastinators frequently experience significant levels of anxiety and have trouble controlling their impulses.
Explanation:
The expected return on the market portfolio is 19%. The risk-free rate is 10%. The expected return on SDA Corp. common stock is 18%. The beta of SDA Corp. common stock is 1.70. Within the context of the capital asset pricing model, _________. rev: 10_23_2013_QC_37809
Answer:
-0.073
Explanation:
Calculation for the context of the capital asset pricing model
Using this formula
Capital asset pricing model=Expected return o Common stock-[Risk-free rate+ Beta of common stock (Market portfolio-Risk-free rate)]
Let plug in the formula
Capital asset pricing model=0.18 - [0.10 + 1.70(0.19 - 0.10)]
Capital asset pricing model =0.18 - [0.10 + 1.70(0.09)]
Capital asset pricing model=0.18 - (0.10 + 0.153)
Capital asset pricing model =0.18 - 0.253
Capital asset pricing model=-0.073
Therefore the context of the capital asset pricing model will be -0.073
Outline the initiatives that Woolworths have chosen, use to lessen their impact on environment.
If I have a choice to buy a sweater and a new pair of pants and I choose the sweater, my opportunity cost is
Answer:
The new pair of pants
Explanation:
Opportunity cost is the value of the next-best alternative when a decision is made; it's what is given up. Hence, you gave up the option to buy the pair of pants in favor of buying the sweater.
At the beginning of January of the current year, Thomas Law Center's ledger reflected a normal balance of $52,000 for
accounts receivable. During January, the company collected $14,800 from customers on account and provided additional
services to customers on account totaling $12,500. Additionally, during January one customer paid Thomas $5,000 for services
to be provided in the future. At the end of January, the balance in the accounts receivable account should be:
Answer:
$49,700
Explanation:
Opening balance for accounts receivable: $52,000
Add services provided on account : $12,500
total due from customers : $64,500
less payment received : $14,800
Closing balance : $49,700
The amount received as prepayment is not a receivable but a liability. Receivable refers to money owed to a business by customers for goods or services delivered by payment has not been made.
Additional information:During the year, $80 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020.Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Answer:
Note: The full question is attached as picture below
Statement of cash flow - Pharaoh Company
Cash Flows From Operating Activities
Net Income $780
Adjustment
Depreciation Expenses $130
Gain On Sale Of Investment -$70
Increase In Receivable -$470
Decrease In Inventories $240
Increase In Accounts Payable $280
Decrease In Accrued Liabilities -$70
$40
Net Cash From Operating Activities $820
Cash Flows From Investing Activities
Sale Of Long Term Investment $190
(1400-1280)+70
Purchase Of Plant Assets -$190 $0
Net Cash Used Investing Activities $0
Cash Flows From Financing Activities
Repayment Of Bonds Payable -$140
Issue Of Common Stock $210
Payment Of Dividends -$260
Net Cash From Financing Activities -$190
Net Increase In Cash And Cash Equivalents $630
Beginning Cash Balance $1,130
Ending Balance $1,760
In many organizations, information flows much more freely within functions than it does across functions. __________ represents an expanded effort to overcome this tendency.
Answer:
Enterprise Resource Planning (ERP)
Explanation:
In many organizations, information flows much more freely within functions than it does across functions. Enterprise Resource Planning (ERP) represents an expanded effort to overcome this tendency.
Tech Gadgets Co. distributes complex and relatively expensive goods, with customers typically requiring assistance before purchasing. The channels for these types of products are often structured to be a. intensive. b. comparative. c. pulled. d. selective.
Answer:
A). Intensively.
Explanation:
From the question, we are informed about, how Tech Gadgets Co. distributes complex and relatively expensive goods, with customers typically requiring assistance before purchasing. In this case , The channels for these types of products are often structured to be intensive. Intensive distribution channel could be regarded as a form of marketing strategy , it is apply when a company is making effort to sell out their goods/products to the range of small vendor and big store. As far this intensive is concerned, all available possible outlets is utilize to distribute the product.
.
Stock prices and stand-alone risk You invest $100,000 in 40 stocks, 20 bonds, and a certificate of deposit (CD). What kind of risk will you primarily be exposed to?
a. Portfolio risk
b. Stand-alone risk
Generally, investors would prefer to invest in assets that have: _________.
a. A high level of risk and low expected returns
b. A low level of risk and high expected returns
Answer and Explanation:
The risk that primarily be exposed is portfolio risk as the portfolio risk is the risk in which the risk is associated with the overall portfolio. On the other hand the stand alone risk is the risk that is associated with the single one only.
Since in the given situation, there is a different type of investment this represents that this is a portfolio risk
The investor always prefer for less level of risk and the high expected return in order to maximize the investment return with lesser risk level
During the year, the company produced and sold 40,000 units of product at a selling price of $14.43 per unit. There was no beginning inventory of product at the beginning of the year. What is the contribution margin for the year
Answer:
$392,200
Explanation:
Calculation for the contribution margin for the year
Using this formula
Contribution Margin= Sales-Variable costs
Let plug in the formula
Contribution Margin=(14.43 per unitsx 40,000 units) - $185,000
Contribution Margin=$577,200-$185,000
Contribution Margin=$392,200
Calculation for variable costs
Manufacturing $114,000
Marketing: 31,000
Administrative: 40,000
Total variable costs=$185,000
Therefore the contribution margin for the year will be $392,200