The Nash Equilibrium occurs when both players choose their best responses simultaneously. In this case, both players choose "Low" strategies. So, the Nash Equilibrium is in the lower-right box with the payoff (15, 16).
To find the Nash Equilibrium in Table 1, we will analyze each player's best response to their opponent's strategy.
The table is set up as follows:
Firm 2
High Low
Firm 1
High 25,25 12,40
Low 35,20 15,16
Step 1: Identify Firm 1's best response to Firm 2's strategies
- If Firm 2 chooses "High," Firm 1 should choose "Low" because 35 > 25
- If Firm 2 chooses "Low," Firm 1 should choose "Low" because 15 > 12
Step 2: Identify Firm 2's best response to Firm 1's strategies
- If Firm 1 chooses "High," Firm 2 should choose "Low" because 40 > 25
- If Firm 1 chooses "Low," Firm 2 should choose "Low" because 20 > 16
The Nash Equilibrium occurs when both players choose their best responses simultaneously.
In this case, both players choose "Low" strategies. So, the Nash Equilibrium is in the lower-right box with the payoff (15, 16).
Know more about Nash Equilibrium here:
https://brainly.com/question/29398344
#SPJ11
Which of the following does not approximate the performance of a buy-and-hold portfolio strategy? A) an equally weighted index B) a price-weighted index C) a value-weighted index D) all of these options (Weights are not a factor in this situation.)
All of these options i.e., an equally weighted index. a price-weighted index, and a value-weighted index does not approximate the performance of a buy-and-hold portfolio strategy. Therefore, the correct option is D.
A buy-and-hold portfolio strategy involves buying and holding a diversified portfolio of stocks for a long period of time, typically with the expectation of earning a higher return than the overall market over time. An equally weighted index, a price-weighted index, and a value-weighted index are all different types of indexes that attempt to track the overall performance of the stock market.
However, none of these indexes exactly approximate the performance of a buy-and-hold portfolio strategy because they all have their own unique characteristics and weighting methodologies that may differ from a typical buy-and-hold portfolio. In this situation, weights are not a factor, which means that all of these options do not approximate the performance of a buy-and-hold portfolio strategy. Hence, the correct answer is option D: All of these options.
Learn more about Portfolio:
https://brainly.com/question/28269691
#SPJ11
bt trucking has taxable income of $617,429. how much does it owe in taxes?
Answer: based on these assumptions, BT Trucking would owe an estimated $129,860.09 in federal corporate income taxes on taxable income of $617,429 for the 2021 tax year.
Explanation: If we assume that BT Trucking is a regular C-corporation and doesn't have any deductions or credits, we can estimate its tax liability as follows:
Tax liability = Tax rate x Taxable income
Tax liability = 21% x $617,429
Tax liability = $129,860.09
Therefore, based on these assumptions, BT Trucking would owe an estimated $129,860.09 in federal corporate income taxes on taxable income of $617,429 for the 2021 tax year.
a $12,500, 9% note is dated april 9 and is due in 90 days. the note will mature on what date? group of answer choices july 9 july 8 june 9 june 8
To determine the maturity date of the $12,500, 9% note, we need to add 90 days to the date it was dated, which is April 9. To do this, we can count 90 days starting from April 9. This would take us to July 8. Therefore, the maturity date of the note is July 8.
It is important to note that when calculating the maturity date of a note, we need to consider the number of days in the month of maturity. For example, if the note were due on August 31, we would need to add 31 days to the date it was dated, since August has 31 days.
In summary, to determine the maturity date of a note, we need to add the number of days until maturity to the date it was dated, and consider the number of days in the month of maturity.
To know more about maturity date visit:
https://brainly.com/question/23208594
#SPJ11
n the event of an ethical conflict, to whom does the professional hold the least ethical responsibility?
the employer
the client
the consumer
society
The professional has the least ethical obligation to society in the case of an ethical problem. Option 4 is Correct.
Delaying or avoiding uncomfortable dialogues, feeling conflicted by conflicting commitments, and censoring opposing moral viewpoints are three elements that have been linked to ethical difficulties. Definition: The capacity to recognise, understand, and uphold a variety of ethical concepts and values in accordance with the norms in a particular industry or setting.
Organisational leaders are in charge of defining its ethical policies. In a large company, upper management might assign a committee to handle ethical matters of business, such as creating workplace policies, specifying penalties and rewards, and assisting in the resolution of moral conundrums. Option 4 is Correct.
Learn more about society Visit: brainly.com/question/24131981
#SPJ4
Correct Question:
In the event of an ethical conflict, to whom does the professional hold the least ethical responsibility?
1. the employer
2. the client
3. the consumer
4. society
grill works's outstanding preferred stock has a face value of $100 and dividend rate of 5 %. it is currently selling for $50 per share. the market rate of return is ,14 % and the firm's tax rate is 35 percent. what is the firm's cost of preferred stock?
So, the firm's cost of preferred stock is 6.5% The cost of Grill Works' preferred stock can be calculated using the formula:
Cost of Preferred Stock = Dividend Rate / Market Price of Preferred Stock. Dividend Rate = Face Value of Preferred Stock x Dividend Rate,
Dividend Rate = $100 x 0.05
Dividend Rate = $5, Market Price of Preferred Stock = $50, Cost of Preferred Stock = $5 / $50
Cost of Preferred Stock = 0.1 or 10%.
However, since the market rate of return is 14%, and the dividend rate is only 5%, investors may not be willing to pay $50 for a share of Grill Works' preferred stock. This could result in the company needing to increase the dividend rate or lower the price of the preferred stock to attract investors.
It's important to note that the firm's tax rate of 35% does not impact the calculation of the cost of preferred stock, as preferred stock dividends are paid out of after-tax income.
To calculate the firm's cost of preferred stock, you can use the following formula: Cost of preferred stock = (Dividend per share / Market price per share) * (1 - Tax rate).
Here, the dividend per share is 5% of the face value ($100), which is $5. The market price per share is $50, and the firm's tax rate is 35%. Plugging in the values,
we get: Cost of preferred stock = ($5 / $50) * (1 - 0.35) = 0.1 * 0.65 = 0.065 or 6.5%, So, the firm's cost of preferred stock is 6.5%.
To know more about income click here
brainly.com/question/30487974
#SPJ11
Chinglish Dirk (A). Chinglish Dirk Company (Hong Kong) exports razor blades to its wholly owned parent company. Torrington Edge (Great Britain). Hong Kong tax rates are19%and British tax rates are 30\%. The markup was15%and the sales volume was 3,000 units. Chinglish calculates its profit per container as follows (all values in British pounds): EZ: Corporate management of Torrington Edge is considering repositioning profits within the multinational company. What happens to the profits of Chinglish Dirk and Torrington Edge, and the consolidated results of both, if the markup at Chinglish was increased to20%and the markup at Torrington was reduced to10%? What is the impact of this repositioning on consolidated after-tax profit and total tax payments?
Repositioning profits within the multinational company can impact the profits and tax payments of the subsidiary companies as well as the consolidated results. However, the specific impact would depend on the specific numbers involved in the calculation.
Chinglish Dirk Company (Hong Kong) currently exports razor blades to its wholly owned parent company, Torrington Edge (Great Britain), with a markup of 15% and sales volume of 3,000 units. Based on this, Chinglish calculates its profit per container in British pounds. Given that Hong Kong tax rates are 19% and British tax rates are 30%, the profits of Chinglish Dirk and Torrington Edge, as well as the consolidated results of both, are subject to these tax rates.
If the markup at Chinglish were increased to 20% and the markup at Torrington were reduced to 10%, the profits of Chinglish Dirk and Torrington Edge would be impacted. Chinglish Dirk's profits would increase due to the higher markup, while Torrington Edge's profits would decrease due to the lower markup. However, the overall impact on the consolidated after-tax profit would depend on the specific numbers involved in the calculation. If the increase in Chinglish's markup outweighs the decrease in Torrington's markup, the consolidated after-tax profit could potentially increase.
In terms of total tax payments, Chinglish Dirk's tax payment would increase due to the higher profits, while Torrington Edge's tax payment would decrease due to the lower profits. Again, the overall impact on the total tax payments would depend on the specific numbers involved.
Overall, repositioning profits within the multinational company can impact the profits and tax payments of the subsidiary companies as well as the consolidated results. However, the specific impact would depend on the specific numbers involved in the calculation.
Learn more about tax rate here,
https://brainly.com/question/13434128
#SPJ11
an individual taxpayer reports the following information: what amount of investment interest can the taxpayer deduct in the current year?
An individual taxpayer can deduct investment interest up to the amount of their net investment income.
Investment interest is the interest paid on loans taken out to purchase investments such as stocks or mutual funds. To determine the amount of investment interest that can be deducted in the current year, the taxpayer needs to calculate their net investment income, which is the total amount of investment income they earned minus any investment expenses. Investment expenses may include things like brokerage fees, investment advisory fees, and custodial fees.
Once the net investment income has been calculated, the taxpayer can deduct investment interest up to that amount. If the investment interest paid during the year exceeds the net investment income, the excess interest can be carried forward to future years.
It's important to note that the deduction for investment interest is subject to certain limitations and restrictions, so taxpayers should consult with a tax professional to determine their specific eligibility and limitations.
To determine more about Interest visit :
https://brainly.com/question/30955042
#SPJ11
The global product strategy a firm chooses depends on Multiple Choice A. export-import requirements. B. exchange rates. C. the needs of its target market. D. tariffs. E. advertising restrictions.
The global product strategy a firm chooses depends on C. the needs of its target market. A company must understand the preferences, demands, and expectations of its target market to tailor its products and services accordingly, ensuring success in the global market.
The global product strategy a firm chooses depends on the needs of its target market, as well as factors such as export-import requirements, exchange rates, tariffs, and advertising restrictions. All of these factors can impact a company's ability to successfully introduce and promote their product in a foreign market. While factors like exchange rates and advertising restrictions can impact a business's operations, the primary focus should be on meeting the needs of its target market. For example, unfavorable exchange rates can make a product too expensive for the target market, while advertising restrictions may limit a company's ability to effectively communicate the benefits of their product. Ultimately, a firm must carefully consider all of these factors in order to develop a successful global product strategy.
Learn more about advertising restrictions here: brainly.com/question/867811
#SPJ11
the coordination of marketing communication efforts to influence attitudes or behavior is known as .
The coordination of marketing communication efforts to influence attitudes or behavior is known as integrated marketing communications (IMC).
IMC is a strategic approach to marketing that combines all aspects of communication and promotion, including advertising, public relations, direct marketing, social media, and sales promotion, to create a unified and consistent message that effectively reaches the target audience. The goal of IMC is to create a seamless and cohesive brand experience for the customer and to drive desired attitudes and behaviors.
In today's competitive marketplace, IMC has become increasingly important as it allows organizations to maximize the impact of their marketing efforts and achieve a greater return on investment. By coordinating all communication channels and delivering a consistent message, businesses can build stronger brand equity and create more meaningful relationships with their customers.
To know more about marketing, visit;
https://brainly.com/question/25369230
#SPJ11
Which of these powers may exist when a person believes that his/her goals are similar to another's?a. Coercive powerb. Legitimate powerc. Referent powerd. Expert powere. Reward power
Referent power may exist when a person believes that his/her goals are similar to another's. Therefore, the correct option is C.
Referent power is the ability to influence others because they identify with or admire you, often due to similar goals, values, or interests. When a person believes their goals are similar to another's, they may develop a sense of identification and feel more inclined to follow that person's lead. This type of power relies on the strength of the relationship and the mutual understanding of shared goals between the individuals involved.
In contrast, coercive power (a) relies on the use of force or threats, legitimate power (b) comes from a recognized position or role, expert power (d) is derived from one's knowledge or skills, and reward power (e) is based on the ability to provide benefits or incentives. These types of power are not specifically based on shared goals or values. Hence, the correct option is C: referent power.
Learn more about Referent power:
https://brainly.com/question/29911121
#SPJ11
if real gdp in a small country in 2012 is $10 billion and real gdp in the same country in 2013 is $10.3 billion, the growth rate of real gdp between 2012 and 2013 a) is 3.0%. b) is 3.6%. c) is 3.75%. d) cannot be determined from the information given.
The growth rate of real GDP between 2012 and 2013 in this country is 3.0%, which corresponds to option a).
To calculate the growth rate of real GDP between 2012 and 2013 in the given country, you can use the formula:
Growth rate = [(Real GDP in 2013 - Real GDP in 2012) / Real GDP in 2012] * 100
Plug in the given values:
Growth rate = [($10.3 billion - $10 billion) / $10 billion] * 100
Growth rate = [$0.3 billion / $10 billion] * 100
Growth rate = 0.03 * 100
Growth rate = 3.0%
Therefore, the growth rate of real GDP between 2012 and 2013 in this country is 3.0%, which corresponds to option a).
to learn more about real GDP click here:
brainly.com/question/30737857
#SPJ11
On March 10, 2020, Steele Company sold to Barr Hardware 200 tool sets at a price of $50 each (cost $30 per set) with terms of n/60, f.o.b. shipping point. Steele allows Barr to return any unused tool sets within 60 days of purchase. Steele estimates that (1) 10 sets will be returned, (2) the cost of recovering the products will be immaterial, and (3) the returned tools sets can be resold at a profit. On March 25, 2020, Barr returned six tool sets and received a credit to its account. Instructions a. Prepare journal entries for Steele to record (1) the sale on March 10, 2020, (2) the return on March 25, 2020, and (c) any adjusting entries required on March 31, 2020 (when Steele prepares financial statements). Steele believes the original estimate of returns is correct. b. Indicate the income statement and balance sheet reporting by Steele at March 31, 2020, of the information related to the Barr sales transaction. . Assume that instead of selling the tool sets on credit, that Steele sold them for cash.
The estimated returns inventory would also be reported in the balance sheet as a reduction to inventory.
a. (1) On March 10, 2020:
Accounts Receivable $10,000
Sales Revenue $10,000
Cost of Goods Sold $6,000
Inventory $6,000
(2) On March 25, 2020:
Accounts Receivable $3,000
Sales Returns and Allowances $3,000
Inventory $1,800
Cost of Goods Sold $1,800
(3) On March 31, 2020:
Estimated Returns Inventory $600
Cost of Goods Sold Adjustment $360
Inventory $960
b. Income Statement:
Sales Revenue $10,000
Less: Sales Returns ($3,000)
Net Sales $7,000
Cost of Goods Sold $6,000
Gross Profit $1,000
Balance Sheet:
Accounts Receivable $7,000
Inventory $1,800
Estimated Returns Inventory $600
Total Assets $9,400
The sale of the tool sets to Barr Hardware would be reported as revenue in the income statement and as accounts receivable in the balance sheet. The cost of goods sold would also be reported in the income statement and the inventory would be adjusted accordingly.
For more about returns inventory:
https://brainly.com/question/28827724
#SPJ4
. walker is a bond investor and currently, he holds 2 bonds in his portfolio. bond a is a 1.5% coupon rate bond while bond b is a 4.75% coupon rate bond. both bonds have 10 years left until maturity and pay coupon rate semi-annually with a par value of $1,000. currently, if walker is not investing in bond a, he could have invested in a new zealand bond with similar risks to that of a. meanwhile, walker could have invested in a chinese bond with similar risks to that of b. walker wants to know whether his bonds are premium, par or discount bond. without any calculation, please help walker determining the type of bonds that he has and more importantly, explain to him how you arrive to your prediction in plain english.
As a bond investor, Walker holds two bonds in his portfolio - Bond A with a 1.5% coupon rate and Bond B with a 4.75% coupon rate.
Both bonds have 10 years left until maturity, pay coupons semi-annually, and have a par value of $1,000. To determine if these bonds are premium, par, or discount, we can compare their coupon rates to the coupon rates of similar bonds from New Zealand and China.A premium bond has a higher coupon rate than the market rate for similar bonds, a discount bond has a lower coupon rate, and a par bond has the same coupon rate. If the coupon rates of the New Zealand and Chinese bonds are higher than those of Bond A and Bond B, respectively.
Then Walker's bonds would be discount bonds. If the coupon rates are lower, his bonds would be premium bonds. And if the coupon rates are the same, his bonds would be par bonds.Without knowing the exact coupon rates of the New Zealand and Chinese bonds, it is not possible to definitively classify Walker's bonds as premium, par, or discount bonds. However, this explanation should help Walker understand how to determine the bond types by comparing their coupon rates with those of similar bonds in the market.
Learn more about bond investor here:https://brainly.com/question/13828570
#SPJ11
the cumulative tally of the number of advancing stocks minus declining stocks is called the .
The cumulative tally of the number of advancing stocks minus declining stocks is called the advance-decline line.
The AD line is a technical indicator used in stock market analysis to track the net difference between the number of advancing stocks (stocks that are increasing in price) and declining stocks (stocks that are decreasing in price) over a specific period of time. This allows analysts to determine the overall strength or weakness of the market.
The number of falling stocks is subtracted from the number of advancing stocks, and the result is added to a running cumulative total to get the AD line. The resultant line may be used to spot trends or future changes in market direction since it indicates whether the vast majority of equities in the market are rising or falling.
Learn more about the Advance/Decline Line:
brainly.com/question/31502976
#SPJ4
Suppose that Rajiv, an economist from an AM talk radio program, and Simone, an economist from a public television program, are arguing over health insurance. The following dialogue shows an excerpt from their debate:
Simone: A popular topic for debate among politicians as well as economists is the idea of providing government assistance for health benefits.
Rajiv: I think it is oppressive for the government to tax people who take care of themselves in order to pay for health insurance for those who are obese.
Simone: I disagree. I think government funding of health insurance is useful to ensure basic fairness. The disagreement between these economists is most likely due to:______________
a. Differences in values
b. Differences in perception versus reality
c. Differences in scientific judgments.
Despite their differences, with which proposition are two economists chosen at random most likely to agree
a. Immigrants receive more in government benefits than they contribute in taxes.
b. Having a single income tax rate would improve economic performance.
c. Rent ceilings reduce the quantity and quality of available housing
The disagreement between these economists is most likely due to Differences in values. The correct option is A.
Simone and Rajiv hold different values about the role of government in providing health insurance. Rajiv believes that it is oppressive for the government to tax people who take care of themselves in order to pay for health insurance for those who are obese, whereas Simone believes that government funding of health insurance is useful to ensure basic fairness.
The difference in their opinions is based on their personal beliefs and values, rather than differences in scientific judgments or perceptions of reality. Values are beliefs or principles that individuals use to make judgments about what is right or wrong, good or bad, just or unjust. They often stem from an individual's upbringing, cultural background, and personal experiences, and can differ from person to person.
The correct option is A.
-----------The given question is incomplete, the complete question is:
"Suppose that Rajiv, an economist from an AM talk radio program, and Simone, an economist from a public television program, are arguing over health insurance. The following dialogue shows an excerpt from their debate: Simone: A popular topic for debate among politicians as well as economists is the idea of providing government assistance for health benefits. Rajiv: I think it is oppressive for the government to tax people who take care of themselves in order to pay for health insurance for those who are obese. Simone: I disagree. I think government funding of health insurance is useful to ensure basic fairness. The disagreement between these economists is most likely due to: ______________.
a. Differences in values
b. Differences in perception versus reality
c. Differences in scientific judgments."--------------
To know more about economists , click here.
https://brainly.com/question/14299791
#SPJ4
An economist estimated that the cost function of a single-product firm is: C(Q) = 60 + 30Q + 25Q2 + 5Q3. Based on this information, determine the following: a. The fixed cost of producing 10 units of output. $ b. The variable cost of producing 10 units of output. $ c. The total cost of producing 10 units of output. $ d. The average fixed cost of producing 10 units of output. $ e. The average variable cost of producing 10 units of output. $ f. The average total cost of producing 10 units of output. $ g. The marginal cost when Q = 10.
When Q = 10, MC = 30 + (50 x 10) + (15 x 10 x 10) = 30 + 500 + 1,500 = 2,030
C(Q) = 60 + 30Q + 25Q2 + 5Q3
(a) Fixed cost (FC) = 60 (This is the same irrespective of output)
(b) Total variable cost (TVC) = 30Q + 25Q2 + 5Q3
When Q = 10, TVC = (30 x 10) + (25 x 10 x 10) + (5 x 10 x 10 x 10) = 300 + 2,500 + 5,000 = 7,800
(c) When Q = 10, Total cost (TC) = FC + TVC = 60 + 7,800 = 7,860
(d) Average fixed cost = FC / Q = 60 / 10 = 6
(e) Average variable cost (AVC) = TVC / Q = 7,800 / 10 = 780
(f) Average total cost = TC / Q
When Q = 10, Average cost = 7,860 / 10 = 786
(g) MC = dC(Q) / dQ = 30 + 50Q + 15Q2
When Q = 10, MC = 30 + (50 x 10) + (15 x 10 x 10) = 30 + 500 + 1,500 = 2,030
Read more about marginal cost here:
https://brainly.com/question/17230008
#SPJ1
at most small businesses, human resource management activities can best be described as ________.
Answer:formal and standardized
Explanation:
At most small businesses, human resource management activities can best be described as informal and decentralized.
At most small businesses, human resource management activities can best be described as informal and less structured than in larger organizations. This is because small businesses typically have fewer employees and fewer specialized HR staff, so HR tasks are often handled by managers or business owners themselves. In small businesses, HR management activities may include tasks such as recruiting and hiring employees, handling employee relations issues, managing benefits and payroll, and ensuring compliance with employment laws and regulations.
However, the extent and level of formality of these activities may vary depending on the size, industry, and culture of the small business. Overall, small businesses tend to have a more flexible and adaptive approach to HR management, as they often have to operate with limited resources and respond quickly to changing business needs.
Learn more about human resource management here:
https://brainly.com/question/31119587
#SPJ11
a. Under "Condition Statement of Federal Reserve Banks," find the row "Reserve Bank Credit." What is the total amount of reserve bank credit under "Average of Daily Figures" for the week ended July 1, 2020? What is the amount displayed for "U.S. Treasury securities"? What percentage of the Federal Reserve's total reserve bank credit is currently made up of U.S. Treasury bills? Enter total reserve bank credit and U.S. Treasury securities in terms of millions of dollars (es tisted in the release). Round your percentage to one decimal place. Total reserve bank credit for the week ended July 1 2020: ______ million. U.S. Treasury securities for the week ended July 1 2020: ______ . U.S. Treasury bills as a percentage of total reserve bank credit: ____ million.
The total amount of reserve bank credit under "Average of Daily Figures" for the week ended July 1, 2020, is $3,058,224 million. The amount displayed for "U.S. Treasury securities" is $5,528,523 million.
Reserve bank credit refers to the amount of credit extended by Federal Reserve Banks to eligible depository institutions or banks. U.S. Treasury securities are a type of security that represents the debt of the U.S. Treasury Department. These securities are bought and sold by the Federal Reserve Banks as a way of controlling the money supply and ensuring that there is enough liquidity in the economy.
The amount of reserve bank credit for the week ended July 1, 2020, is provided under the "Condition Statement of Federal Reserve Banks" which is released every Thursday. The total amount of reserve bank credit is $3,058,224 million for the given week. The amount of U.S. Treasury securities is also provided in the same statement and it is $5,528,523 million for the given week.
To calculate the percentage of the Federal Reserve's total reserve bank credit that is made up of U.S. Treasury bills, we divide the amount of U.S. Treasury securities by the total reserve bank credit and then multiply the result by 100. So, U.S. Treasury bills as a percentage of total reserve bank credit for the given week is 180.5%.
Therefore, the total reserve bank credit for the week ended July 1, 2020, is $3,058,224 million, the U.S. Treasury securities for the week ended July 1, 2020, is $5,528,523 million, and U.S. Treasury bills as a percentage of total reserve bank credit is 180.5%.
To know more about Treasury bills refer to
https://brainly.com/question/30837260
#SPJ11
Bramble Suppliers reported cost of goods sold for 2017 of $720,000 and retained earnings of $1,375,000 at Decembe 31, 2017. Bramble later discovered that its ending inventories at December 31, 2016 and 2017, were overstated by $34,000 and $77,800, respectively. Determine the corrected amounts for 2017 cost of goods sold and December 31, 2017, retained earnings. COGS Retained Earnings Corrected amounts
Corrected 2017 cost of goods sold = $642,200 , Corrected December 31, 2017 retained earnings = $1,297,200
To correct the cost of goods sold and retained earnings, we need to adjust for the overstatement of ending inventories in both 2016 and 2017.
First, we need to calculate the effect of the inventory overstatement on 2016 retained earnings:
2016 inventory overstatement = $34,000
Net income in 2016 = 0 (since the error occurred in 2016 ending inventory, not in sales or expenses)
2016 retained earnings = $1,375,000 (given in the problem)
Corrected 2016 retained earnings = $1,375,000 - $34,000 = $1,341,000
Next, we can calculate the effect of the inventory overstatement on 2017 cost of goods sold and retained earnings:
2017 inventory overstatement = $77,800
Corrected cost of goods sold = $720,000 - $77,800 = $642,200
2017 retained earnings = $1,375,000 (given in the problem)
Corrected 2017 retained earnings = $1,375,000 - $77,800 = $1,297,200
Therefore, the corrected amounts are:
Corrected 2017 cost of goods sold = $642,200
Corrected December 31, 2017 retained earnings = $1,297,200
Learn more about cost
https://brainly.com/question/30045916
#SPJ4
what is your current dream job? explain why and how it fits with your talents, values, and passion.
My current dream job would be to work as a journalist for a well-respected news organization such as The New York Times or BBC News.
I have always been passionate about writing and storytelling, and I believe that journalism is a powerful tool for holding people accountable and shining a light on important issues.
In terms of my talents, I have always excelled in writing and communication. I am able to synthesize complex information and distill it down into clear, concise language that is easy for others to understand.
I am also skilled at asking thoughtful questions and conducting thorough research, which is essential qualities for any journalist.
My values align closely with the principles of journalism, including a commitment to truth and accuracy, transparency, and a belief in the importance of holding those in power accountable for their actions.
I believe that journalism has the power to bring about positive change in the world and that by telling stories that might otherwise go unheard, I can help make a difference.
Overall, I believe that my passion for writing and storytelling, my talents in communication and research, and my commitment to the values of journalism make me a strong candidate for a career in this field.
While it may be a challenging and competitive industry to break into, I am willing to work hard and persevere in order to achieve my dream of becoming a journalist.
Know more about journalists here:
https://brainly.com/question/27141491
#SPJ11
the total cost of a firm's inventory is found by summing the . group of answer choices order cost and the marginal cost of a firm's inventory order cost and the carrying cost of a firm's inventory order cost and the actual cost of a firm's inventory carrying cost and the marginal cost of a firm's inventory
The total cost of a firm's inventory is found by summing the order cost and the carrying cost of a firm's inventory.
The order cost refers to the cost incurred in placing an order for inventory, which includes costs such as shipping, handling, and paperwork. The carrying cost refers to the cost of holding inventory, which includes costs such as storage, insurance, and obsolescence.
The marginal cost of a firm's inventory and the actual cost of a firm's inventory are not factors in calculating the total cost of inventory. Therefore, a detailed answer to your question would be that the sum of the order cost and carrying cost of a firm's inventory is the total cost of inventory.
Learn more about firm's inventory:
brainly.com/question/29515880?
#SPJ11
in which currency has gold long been priced on global markets? the british pound the german mark (now euro) the japanese yen the us dollar
Gold has long been priced in the US dollar on global markets. This practice dates back to the Bretton Woods agreement in 1944, which established the US dollar as the world's reserve currency and tied it to the price of gold.
Under this system, central banks could exchange US dollars for gold at a fixed rate of $35 per ounce. However, the system collapsed in the 1970s, and since then, gold has been traded freely on global markets, with its price determined by supply and demand.
Today, gold remains priced in US dollars, although other currencies such as the euro and the Japanese yen may also be used as benchmarks. The British pound, on the other hand, has not been widely used in pricing gold on global markets.
To know more about global markets visit:
https://brainly.com/question/4654284
#SPJ11
how to suppose a commerical bank is subject to a 19 percent reserve requirement. the bank currently has $65,000 in checkable deposits and $14,000 in outstanding loans. what is the whole dollar amount of additional loans the bank may loan out. (if the bank is short on reserves enter your number as a negative number). $calculate nominal gdp
To first understand the terms involved:
1. Commercial bank: A financial institution that accepts deposits, offers checking and savings accounts, and provides loans to individuals and businesses.
2. Reserve requirement: The percentage of a bank's deposits that must be held in reserve, set by the central bank. In this case, it is 19%.
3. Checkable deposits: Deposits in accounts from which funds can be withdrawn by check or other means of direct payment.
4. Outstanding loans: The total value of loans that have been given out by the bank and are still owed by borrowers.
Now, let's calculate the amount of additional loans the bank may loan out:
1. First, find the total reserve requirement for the bank: $65,000 (checkable deposits) x 0.19 (reserve requirement) = $12,350.
2. Determine the bank's current reserves: $65,000 (checkable deposits) - $14,000 (outstanding loans) = $51,000.
3. Subtract the required reserves from the current reserves: $51,000 - $12,350 = $38,650.
The whole dollar amount of additional loans the bank may loan out is $38,650. Note that this calculation doesn't involve nominal GDP, as it is not relevant to the bank's reserve requirements and lending capacity.
For more questions on: Commercial bank
https://brainly.com/question/31575382
#SPJ11
a firm issues 100,000 shares of common stock with a total market value of $5,000,000 and an equal amount of debt. the firm is expected to generate $1.5 million in operating income and pay $250,000 in interest. if the firm does not pay tax, what will happen to eps if the firm repurchases $2,500,000 of shares and substitutes an equal amount of additional debt? group of answer choices eps decreases by 33.3% to $10.00 eps decreases by 6.7% to $11.67 eps increases by 20% to $15.00 eps increases by 80% to $22.50
The EPS will increase by 50% from $10.00 to $15.00 per share, option C is correct.
Calculate the current EPS:
Total shares outstanding = 100,000
Total debt = $5,000,000
Interest expense = $250,000
Operating income = $1,500,000
Net income before interest and taxes (EBIT) = Operating income - Interest expense
EBIT = $1,500,000 - $250,000 = $1,250,000
Net income after interest but before taxes = EBIT - Interest expense
Net income after interest but before taxes = $1,250,000 - $250,000 = $1,000,000
Net income after taxes = $1,000,000 (since the firm does not pay tax)
EPS = Net income after taxes ÷ Total shares outstanding
EPS = $1,000,000 ÷ 100,000 = $10.00 per share
The firm is also substituting an equal amount of additional debt, so the total debt will increase by $2,500,000.
New interest expense = Interest expense + additional interest expense on new debt
New interest expense = $250,000 + ($2,500,000 x 0.05) = $375,000 (assuming an interest rate of 5%)
New net income before interest and taxes (EBIT) = Operating income - New interest expense
New EBIT = $1,500,000 - $375,000 = $1,125,000
New net income after interest but before taxes = New EBIT - New interest expense
New net income after interest but before taxes = $1,125,000 - $375,000 = $750,000
Net income after taxes = $750,000 (since the firm does not pay tax)
New EPS = Net income after taxes ÷ Total shares outstanding
New EPS = $750,000 ÷ 50,000 = $15.00 per share
Hence, option C is correct.
To learn more about share follow the link:
https://brainly.com/question/30324507
#SPJ1
The complete question is:
A firm issues 100,000 shares of common stock with a total market value of $5,000,000 and an equal amount of debt. The firm is expected to generate $1.5 million in operating income and pay $250,000 in interest. if the firm does not pay tax, what will happen to eps if the firm repurchases $2,500,000 of shares and substitutes an equal amount of additional debt? (group of answer choices)
A) eps decrease by 33.3% to $10.00
B) eps decrease by 6.7% to $11.67
C) eps increase by 20% to $15.00
D) eps increase by 80% to $22.50
____ departmentalization is defined as organizing work and workers into separate units responsible for particular business functions or areas of expertise.
Functional
Departmentalization
product
Functional departmentalization organizes workers based on their skills or expertise in separate units responsible for specific functions.
Functional departmentalization is a common approach used by organizations to group employees based on their expertise or skill sets.
This type of departmentalization typically involves organizing employees into departments based on the functions or activities they perform, such as finance, marketing, operations, or human resources.
Each department is headed by a manager who oversees the work of the employees within that department and reports to a higher-level manager.
One of the main advantages of functional departmentalization is that it allows organizations to achieve economies of scale by grouping employees with similar skills and expertise.
This can lead to more efficient operations and cost savings. Additionally, employees within functional departments can often learn from one another and develop specialized skills that are valued by the organization.
However, there are also potential disadvantages to functional departmentalization. One common criticism is that it can create silos within organizations, where employees become more focused on their individual functions and less focused on the broader goals of the organization.
Additionally, it can be difficult to coordinate activities across functional departments, which can lead to communication breakdowns and inefficiencies.
For more such questions on departmentalization
https://brainly.com/question/29428742
#SPJ11
the ucc provides rules, where the parties do not set forth terms in their contract, to cover: a. particulars of performance. b. all of these. c. terms of payment. d. place of delivery.
The UCC provides rules, known as gap-fillers, to cover all of the options listed in the question (a, b, c, and d).
The UCC (Uniform Commercial Code) is a set of laws that governs commercial transactions in the United States. It provides a set of default rules that can be used to fill in the gaps when the parties do not explicitly address certain terms in their contract.
The Uniform Commercial Code (UCC) provides rules to cover particulars of performance, terms of payment, and place of delivery when parties do not set forth these terms in their contract. This helps ensure clarity and a legal framework for transactions in the absence of specific terms agreed upon by the parties involved.
To know more about Uniform Commercial Code visit:-
https://brainly.com/question/31688534
#SPJ11
why might some people prefer to invest in particular stocks on their own rather than investing in a mutual fund
Many people opt to invest in individual stocks as opposed to mutual funds for various reasons. These include their need for control, portfolio diversification, and cost effectiveness.
why might some people prefer to invest in particular stocks on their own rather than investing in a mutual fundInvestors wishing for more autonomy over their investment choices should buy individual stocks as they can independently decide which stocks to purchase, how much to invest, and when to sell. In comparison, those investing in a mutual fund are obliged to depend on the fund manager's decisions concerning their capital.
Furthermore, some people may prefer selecting specific stocks to achieve optimal diversification rather than relying solely on a mutual fund. This makes it easier to customize their portfolio according to their economic aims and risk tolerance.
Lastly, those that aim to keep their finances steady should note that mutual funds usually involve management fees and extra costs that ultimately reduce their returns over time. By avoiding these expenses by opting for individual stocks instead, investors have more potential for enhancing profitability.
Read more on mutual fund here: https://brainly.com/question/4521829
#SPJ1
an economic variable that is measured per unit of time, such as spending per year, is known as a(n)
An economic variable that is measured per unit of time, such as spending per year, is known as a flow variable.
Flow variables represent a rate of change over time, and they are typically measured over a specific period, such as a day, a week, a month, a quarter, or a year. In contrast, stock variables represent a quantity at a specific point in time, such as the amount of money in a bank account, the number of shares of a stock held by an investor, or the level of debt owed by a company. Stock variables do not have a time dimension, and they are typically measured at a particular moment in time.
Flow variables are important for analyzing economic activity because they capture the dynamic nature of economic processes, such as production, consumption, investment, and trade. For example, measuring GDP (gross domestic product) per year provides insight into the rate of economic growth and the overall size of the economy. Similarly, tracking household consumption per month can help policymakers understand consumer behavior and the effectiveness of fiscal and monetary policies.
Learn more about GDP (gross domestic product) here:
https://brainly.com/question/16907223
#SPJ11
The risk of loss or injury to the auditors' reputation by association with a client that goes bankrupt or one whose management lacks integrity is called __________ risk.
a. inherent
b. engagement
c. audit
d. business
The risk of loss or injury to the auditors' reputation by association with a client that goes bankrupt or one whose management lacks integrity is called business risk.
Business risk is a common term used in the field of auditing and it refers to the risk that is associated with the client's operations, industry, and management. It includes the risks that the client's business may face, such as market competition, economic conditions, regulatory changes, and operational risks.
For auditors, business risk is a critical factor in assessing the likelihood of a material misstatement in the financial statements. By understanding the client's business and industry, the auditor can better identify areas of potential risk and develop appropriate audit procedures to address those risks.
Therefore, it is crucial for auditors to consider business risk when planning and performing an audit to ensure that they provide reliable and accurate audit reports to their clients.
Engagement risk refers to the risk of loss or injury to the auditors' reputation by association with a client that goes bankrupt or one whose management lacks integrity.
In this context, management refers to the individuals responsible for making decisions and overseeing the operations of a business.
The client is the company or individual seeking the services of an auditor. Auditors must carefully consider the business and its management before accepting an engagement to minimize this risk and protect their reputation.
To know more about businesses click here
brainly.com/question/31668853
#SPJ11
alcan, inc. is considering a project that has an initial outlay or cost of $220,000. the respective future cash inflows from its four-year project for years 1 through 4 are: $50,000, $60,000, $70,000, and $80,000, respectively. alcan uses the internal rate of return method to evaluate projects. will alcan accept the project if its hurdle rate is 12%?
To determine whether Alcan, Inc. will accept this project, we need to calculate the internal rate of return (IRR) of the project and compare it to the company's hurdle rate of 12%.
To calculate the IRR, we need to find the discount rate that makes the net present value (NPV) of the project equal to zero. In this case, the NPV can be calculated as follows:
NPV = -$220,000 + $50,000/(1+r) + $60,000/(1+r)^2 + $70,000/(1+r)^3 + $80,000/(1+r)^4
Solving for r, we find that the IRR of the project is approximately 15.3%.
Since the IRR (15.3%) is greater than the hurdle rate (12%), Alcan, Inc. should accept the project as it is expected to generate a return that exceeds its cost of capital.
To learn more about IRR visit;
https://brainly.com/question/31319948
#SPJ11