Suppose the tax rate on interest income from saving were reduced. a. The income effect, but not the substitution effect, would tend to reduce private saving. b. The substitution effect, but not the income effect, would tend to reduce private saving. c. Both the income and substitution effect would tend to reduce private saving. d. Neither the income nor the substitution effect would tend to reduce private saving.

A quote that can be a source of inspiration or motivation for the development of knowledge and critical reasoning is:

It corresponds to the ability of human beings to analyze a theory, opinion and vision on a topic according to their own perspectives and rational and logical precepts, always seeking to observe, investigate, contest and prove a thought taken as true.

Therefore, the phrase of the famous Enlightenment thinker John Locke helps in understanding the importance of thought for society, taking reason as the source of knowledge and development of society and individuals.

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Answer:

Production budget for Pasadena Candle Inc

Expected units to be sold                     800,000

Desired ending inventory, Dec 31        20,000  

Total units available                               820,000

Estimated beginning inventory, Jan 1  -35,000

Total units to be produced in Jan.      785,000

Answer:

910 days

Explanation:

Calculation to determine the Minimum Restocking Level needed to cover expected demand over time without stocking out

Using this formula

Minimum Restocking Level= (Average daily demand × Reorder period)+ (Average daily demand × Lead time)

Let plug in the formula

Minimum Restocking Level= (70 days × 10 days) + (70 days × 3 days)

Minimum Restocking Level=700 days + 210 days

Minimum Restocking Level= 910 days

Therefore the Minimum Restocking Level needed to cover expected demand over time without stocking out is 910 days

Answer:

4.64 years

Explanation:

The computation of the payback period is given below;

We know that

Payback period = Investment required ÷ Net annual cash inflow

where,

Net annual cash inflow is

= $29,400 + $45,800

= $75,200

Now the Payback period is

= $349,000 ÷ $75,200

= 4.64 years

hence, the payback period of the project is 4.64 years

Answer: A. synchronous

Explanation: Communication that occurs via small group discussion would fall under the category of synchronous communication. Synchronous communication refers to a type of communication that occurs in real-time, such as a conversation or a meeting. It involves people interacting with each other at the same time, rather than asynchronously, where people communicate at different times.

Answer:

NZ$25 million

Explanation:

Assuming salvage value = X

Cash flow in year 1 = 12 million*0.60 = $7.2 million

Cash flow in year 2 = 30 million*0.60 = $18 million

Note: At break-even salvage value, Net Present Value = 0

So, Initial cost = Present value of inflow  (Sum of inflow*PV factor)

Initial cost = 7.2(PV 18%, 1 year) + 18(PV 18%, 2 years) + X(PV 18%, 2 years)

30 = 7.2*0.847 + 18*0.718 + X*0.718

30 = 19.02 + X*0.718

X*0.718 = 30 - 19.02

X*0.718 = 10.98

X = 10.98/0.718

X = 15.292479

X = $15.29

Stable exchange rate of $.60 per NZ$ over the next two years.

Break-even salvage value = 15.29/0.60

Break-even salvage value = NZ$25.4833

Break-even salvage value = NZ$25 million

Answer: See explanation

Explanation:

a. How much money will you invest in Stock Y?

Let the weight of Stock X = x

Let the weight of Stock Y = (1 - x)

Expected return of stock X = 11.4%

Beta of stock X = 1.25

Expected return of stock Y = 8.68%

Beta of stock X = 0.85

The Portfolio Return will then be calculated as:

= (Weight of Stock X × Return of Stock X) + (Weight of Stock Y × Return of Stock Y)

0.127 = [x × 0.114 + (1 - x) × 0.0868]

0.127 = [x × 0.114 + 0.0868 - x × 0.0868]

0.127 = x × 0.0272 + 0.0868

0.127 - 0.0868 = x × 0.0272

0.0402 = 0.0272x

x = 0.402/0.0272

x = 1.4779

Weight of Stock X = 1.4779

Therefore, Weight of Stock Y will be:

= 1 - 1.4779

= -0.4779

The amount that's invested in Stock Y will be:

= $100,000 × (-0.4779)

= -$47,790

b. What is the beta of your portfolio?

Portfolio Beta will be calculated as:

= 1.4779 × 1.25 + (-0.4779) × 0.85

= 1.44

Answer:

1. Present value of cash-out flow = Purchase of new machine + Cost of working capital - Sale of old machine

Present value of cash-out flow = $700,000 + $115,000 - $170,000

Present value of cash-out flow = $645,000

Year   Cash flow   PVF 9%    Net cash flow

1          $150,000     0.917          $137,550

2         $180,000     0.842         $151,560

3         $180,000     0.772         $138,960

4         $180,000     0.708         $127,440

5         $180,000     0.65           $117,000

Present value of Cash inflow    $672,510

Present value of Cash outflow ($645,000)

Net present value                     $27,510

2. Yes, Hospital would want to purchase the new machine because the Net present value is positive.

Answer:

a) $26

b) 1,038,462 shares

c) i) 0.037 ,  ii) 0.963

Explanation:

Total market value = 26 million

a) Determine the price at which the new shares will be issued in year 1

number of shares issued after year 1 = ( 1,000,000 + x )

x = new shares

p = price of new share

Total value of firm = Total market value + Dividend payment

                              = $26 million + $1 million = $27 million

p = Total value / x  = 27 million / x  ----- ( 1 )

also : x * ( p ) = $1,000,000

back to equation 1

P = $27,000,000 / ( 1,000,000 + x )

p ( 1,000,000 + x ) = $27,000,000

∴ ( 1,000,000 * P ) + 1,000,000 = $27,000,000

hence P = $26,000,000 / 1,000,000

price at which share new share will be issued = $26

b) Determine the number of shares the firm will issue

P( 1,000,000 + x ) = $27,000,000

= 26 ( 1,000,000 + x ) = $27,000,000

x =  ( 27,000,000 / 26 ) - 1,000,000

number of shares ≈ 38462

Number of new shares that the firm will need to issue

=  ( 1,000,000 + 38462 ) = 1,038,462 shares

c) Determine the expected dividend payments on these new shares and

dividend payment on new shares = New shares / Total outstanding shares

                                                        = 38462 / 1,038,462 = 0.037

dividend payment to old shareholder = 1 - 0.037

                                                              = 0.963

Answer:

See below

Explanation:

Given the above information, the adjusting entry for Chynne will be;

The basic shape of the body of the lamp shown is the cone. A cone is formed by a set of line segments, half-lines, or lines connecting a common point.

The cone in the shape of the figure is a three-dimensional geometric shape. That smoothly forms a flat base to a point called the apex or vertex. A cone is formed by a set of line segments, half-lines, or lines connecting a common point, the apex. the points on a base that is in a plane that does not contain the apex.

A cone refers that a shape consisting of a circular base and the once continuous curved base tapering to a point (the apex) above the center of the circular base.

Therefore, The lamp shown is the cone. A cone is formed by a set of line segments

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Answer:

Option B ($5,500) is the appropriate choice.

Explanation:

The given expression is:

⇒  [tex]C = 5,500 + 0.9Y[/tex]

At the zero (0) level of income, the consumption would be the Autonomous consumption.

then,

Y = 0

On substituting the value of "Y" in the given expression, we get

⇒  [tex]C=5,500+0.9(0)[/tex]

⇒      [tex]=5,500+0[/tex]

⇒      [tex]=5,500[/tex] (%)

Answer:

$46.56

Explanation:

Calculation to determine the cost per unit.

Units Units Cost Total cost

June1 Beginning inventory 38* $42 =$1,596

June4 Purchase 135 *$46=$6,210

June18 Purchase 58 *$48=$2,784

June18 Purchase return (9) *$48=($432)

June28 Purchase 33 *$52=$1,716

Total= 255 $11,874

Now let calculate the cost per unit using this formula

Weighted average cost per unit=Costs of goods sold for sale/Units available for sales

Let plug in the formula

Weighted average cost per unit=$11,874/255

Weighted average cost per unit=$46.56

Therefore the cost per unit is $46.56

Answer:

$1,466,000.00

Explanation:

Calculation to determine How much raw materials were transferred to production during 2020 for Sunland

RAW MATERIALS TRANSFERRED TO PRODUCTION

Beginning Raw material inventory $78,000.00

Raw material Purchases $1,450,000

Total Raw material available for use $1,528,000.00

($78,000+$1,450,000)

Less: Ending Raw material inventory $62,000.00

Raw materials transferred to production $1,466,000.00

($1,528,000.00-$62,000.00)

Therefore the Amount of raw materials that were transferred to production during 2020 for Sunland is $1,466,000.00

Answer:

D

Explanation:

Answer:

Explanation: Managament techniques should be adjusted according to specific circumstances.

one techniques maybe good in one situation but maybe not good in other situation.

principles of management are not static in nature.

management is concerned with the human element in an organization.

Answer:

Goods Account (based on the question)

Alternatively :

In Accounts you would usually have a seperate account called ' Returns Inward' and they will be debited there.

Answer:

$42.50

Explanation:

Here, buying a put option means that the option holder will gain when the share price falls below the strike price.

Strike price is $55

Premium paid is $1.75 per share

Premium paid = $1.75 * 10 = $17.5

Shares are selling for $49

=> $(55- 49) * 10 contracts = $60.

So, net profit = $60 - $17.5 = $42.5

Answer:

a. Fiscal Policy involves changing government purchases and tax. In the United States, Fiscal Policy is implemented by the federal government.

b. An expansionary fiscal policy can be used to address a Recessionary Gap by reducing taxes and increasing government purchases.

Explanation:

Fiscal policy can be described as the employment of the government purchase and taxation level by the federal goveernment with the aim of influencing the aggregate demand and economic activity level.

Expansionary fiscal policy occurs when the government increases its purchases and reduces taxes in order to close Recessionary Gap, while contractionary fiscal policy is when the government reduces it purchases and increases taxes.

Based on this explanation, we have:

a. Fiscal Policy involves changing government purchases and tax. In the United States, Fiscal Policy is implemented by the federal government.

b. An expansionary fiscal policy can be used to address a Recessionary Gap by reducing taxes and increasing government purchases.

Answer:

Date                General journal                       Debit                Credit

Dec 31, 2017   Cash                                   $38,000,000

                       Compensation expense   $6,705,882

                       [($38,000,000/85%)*15%]

                               Common stock [221,071 * $0.001]             $221

                               Paid in capital - in excess of par               $44,705,661

Answer:

Results are below.

Explanation:

Giving the following information:

Production= 800 boxes

Each box of tile requires 0.50 hours of direct labor.

Employees of the company are paid $17 per hour.

First, we need to determine the number of hours required:

Number of hours= 800*0.5= 400 hours

Now, the total direct labor cost:

Direct labor cost= 400*17= $6,800

The beginning balance of each account before the transactions is: Cash, $3,400; Accounts Receivable,$4,200; Supplies, $400; Accounts Payable,$3,500; Deferred Revenue, $300. Service Revenue and Advertising Expense each have a beginning balance of zero.

An executed contract between a buyer and a seller to trade goods, services, or financial assets in exchange for money is known as a transaction.

The phrase is also frequently used in business accounting. This straightforward definition might be challenging in corporate bookkeeping.

Depending on whether a corporation utilizes accrual accounting or cash accounting, it may record a transaction sooner or later.

Therefore, The beginning balance of each account before the transactions is: Cash, $3,400; Accounts Receivable,$4,200; Supplies, $400; Accounts Payable,$3,500; Deferred Revenue, $300. Service Revenue and Advertising Expense each have a beginning balance of zero.

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Before a will is written, a testamentary trust must go through probate. The correct answer is option (a).

Before a will is written, a testamentary trust must pass through probate. In the course of probating the will, the executor will also establish the trust. Legal expenses may be deducted from the trust funds if the trustee needs legal counsel on how to manage the trust.

The term "probate" refers to a copy of a will that has been witnessed by a court official and is accompanied by a grant of management of the testator's assets. Only the will's appointed executor is eligible for a probate. A probate is also required if the will covers real estate in more than one state.

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Answer:

Results are below.

Explanation:

A)

We need to determine the profit when 1,200 units are sold:

Operating profit= total contribution margin - fixed costs

Operating profit= 1,200*(150 - 90) - 48,000

Operating profit= $24,000

B)

To calculate the break-even point in units, we need to use the following formulas:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 48,000 / (150 - 90)

Break-even point in units= 800 units

C)

Now, the contribution margin ratio:

Contribution margin ratio= (150 - 90) / 150

ontribution margin ratio= 0.4

D)

To calculate the break-even point in dollars, we need to use the following formulas:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 48,000/0.4

Break-even point (dollars)= $120,000

E)

Desired profit= $57,000

Break-even point in units= (fixed costs + desired profit) / contribution margin per unit

Break-even point in units= (48,000 + 57,000) / 60

Break-even point in units= 1,750

Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio

Break-even point (dollars)= 105,000 / 0.4

Break-even point (dollars)= $262,500

F)

Desired profit= 15%

Number of units to be sold= Break-even point*1.15

Number of units to be sold= 800*1.15

Number of units to be sold= 920

Answer:

Explanation:

Calculation to determine consolidated net income attributable to Chamberlain Corporation

Using this formula

Consolidated net income attributable to Chamberlain Corporation=[(Neville Revenues-Neville Expenses)+(Chamberlain Revenues-Chamberlain Expenses)- Annual excess fair-value amortization]-[(Neville Revenues-Neville Expenses)-Annual excess fair-value amortization*percentage of ownership in Neville.

Let plug in the formula

Consolidated net income attributable to Chamberlain Corporation=[($460,000-$328,000)+($784,000-$440,000)-$19,800]-[($460,000-$328,000)-$19,800*40%]

Consolidated net income attributable to Chamberlain Corporation=($132,000+$344,000-$19,800)-($132,000-$7,920)

Answer:

used to sort, store and summarize a company's transactions.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, account payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP) and financial accounting standards board (FASB).

Thus, it is a field of accounting involving specific processes such as recording, summarizing, analysis and reporting of financial transactions with respect to business operations over a specific period of time.

A general journal is used for initially recording a transaction before it's then subsequently transferred or posted to the general ledger. In Financial accounting, this process of transferring information about a transaction from the general journal to the general ledger is known as posting.

Furthermore, the main purpose of a general ledger is to list all accounts used in recording an organization's transactions and as such it contains a list of transactions affecting each account and the account's balance.

Hence, the general ledger is used to sort, store and summarize a company's transactions.

Answer:

c. DPOHRs are better for estimating costs across departments when the same allocation base is used.

Explanation:

In the case when the predetermined overhead rate of plantwide would be compared with the predetermined overhead rate of the individual department so the  predetermined overhead rate of the individual department  would be considered better for predicting the cost at the time when similar allocation base should be applied

Therefore the option c is correct