Answer:
C
Explanation:
A person who is hired to accomplish a result but is not subject to specific control by the one hiring is known as a(n):________ .
a) servant
b) general agent
c) independent contractor
d) subagent
e) agent with an interest
Answer:
c) independent contractor
Explanation:
The independent contractor is hired by an employer to accomplish a particular goal. As the work on freelancing basis so the company does not have a control over them. Even they are not bound by the labor and the laws related to employment. Companies are interested to hire them as the company has not to provide the bonuses, insurance etc
Therefore as per the given options, the option c is to be selected as it fits to the given situation
Esquire Inc. uses the LIFO method to report its inventory. Inventory at January 1, 2021, was $888,000 (37,000 units at $24 each). During 2021, 114,000 units were purchased, all at the same price of $29 per unit. 117,000 units were sold during 2021. Calculate the December 31, 2021, ending inventory and cost of goods sold for 2021 based on a periodic inventory system.
Answer:
the ending inventory and cost of goods sold for 2021 based on a periodic inventory system is $816,000 and $3,378,000 respectively
Explanation:
The computation is shown below
Cost of goods sold is
= (117,000 units - 114,000 units) × $24 + 114,000 units × $29
= 3,000 units × $24 + 114,000 units × $29
= $72,000 + $3,306,000
= $3,378,000
And, the ending inventory is
= (37,000 units - 3,000 units) × $24
= $816,000
Hence, the ending inventory and cost of goods sold for 2021 based on a periodic inventory system is $816,000 and $3,378,000 respectively
A product is currently made in a process-focused shop, where fixed costs are $9,000 per year and variable cost is $50 per unit. The firm sells the product for $200 per unit.
What is the break-even point for this operation? What is the profit (or loss) on a demand of 200 units per year? $
A product is currently made in a process-focused shop, where fixed costs are $9,000 per year and variable cost is $50 per unit. The firm sells the product for $200 per unit. What is the break-even point for this operation? What is the profit (or loss) on a demand of 200 units per year? $
The break-even point is the point in sales volume where total costs and total revenues are equalized. The break-even point can be expressed in sales volume or in sales dollars. The break-even point can be calculated for individual product lines or for the entire business. It is an important concept in cost accounting and helps company management understand at what point the business will go from losing money to profitability.
Break-even point = fixed cost / (unit selling price - variable cost per unit) = $9,000 / ($200 - $50) = 60 units
When the demand is 200 units, profit = revenue - total cost = revenue - (fixed cost + total variable cost) = $200 ×200 - ($9,000 + $50 ×200) = $21,000
When total cost and total revenue are equal, a small business is said to have reached its break-even point and is in a neutral position. In other words, you've arrived at the point in your manufacturing cycle where the revenue from a product is equal to its production expenses. This figure should be included in your business plan for each new venture. In addition to learning the expected return on their investments, potential investors in a business often want to know when they may expect to see those returns. This is because it might take some businesses years to start making a profit, losing money frequently in the initial months or years before breaking even. This is why any business plan should include a section on break-even point.
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You are considering the following two mutually exclusive projects that will not be repeated. The required rate of return is 11.25% for project A and 10.75% for project B. Which project should you accept and why?
a. project A; because its NPV is about $335 more than the NPV of project B.
b. project A; because it has the higher required rate of return.
c. project B; because it has the largest total cash inflow.
d. project B; because it returns all its cash flows within two years.
e. project B; because it is the largest sized project.
Answer:
a. project A; because its NPV is about $335 more than the NPV of project B.
Explanation:
As in the question it is mentioned that the required rate of return for project A and project B is 11.25% and 10.75% respectively.
Here we have to determined the net present value for both projects having different required rate of return
So based on the net present value the first option is correct as the project A is more than the project B
Therefore the first option should be accepted
Select the type of job best demonstrated in each example.
Huong has a retirement plan provided by the bank where she works as a Loan Officer.
Thomas was recently hired as an Insurance Claims Clerk at an insurance company even though he didn't have any experience in that job.
Mila often works more than 40 hours per week as a Financial Analyst, but she is paid the same amount every week no matter how much or little she works.
Luther works for 10-15 hours per week as a Personal Financial Advisor in his home office.
Answer:
1-job with benefits
2-entry level job
3-salaried job
4-part-time job
Explanation:
Answer: 1-job with benefits
2-entry level job
3-salaried job
4-part-time job
Explanation:
If the market interest rate is 6%, a $10,000, 7%, 5-year bond, that pays interest semiannually would sell at an amount:
a. greater than face value.
b. less than face value.
c. less than the maturity value.
d. equal to face value.
Answer:
a. greater than face value
Explanation:
If the coupon rate of the bond is greater than its yield to maturity or market interest rate, the bond would sell at an amount greater than face value.
Which of the following best describes the brainstorming process?
A discard ideas that don't meet with instant approval from all group members
B focus on quantity, not quality, of ideas during the brainstorming process
C briefly evaluate each idea as soon as it's stated
D discourage wild or crazy ideas
Answer:
C briefly evaluate each idea as soon as it's stated
Explanation:
Brainstorming is a group decision making strategy. Under brainstorming, group members are encouraged to propose solutions or ideas on the agenda. The group seeks to have as many possible alternatives as possible.
Every proposal is discussed in detail. Its pros and cons are given due consideration. The proposal favored by the majority, or the one that satisfies all members, is picked as the group's decision.
The selling price of an item is $455. It is marked down by 20%, but this sale price is still marked up from a cost of $280. Find the markup from the cost to sale price.
Answer:
$84
Explanation:
Calculation to Find the markup from the cost to sale price
Using this formula
Cost to sale price markup=[Selling price-(Marked down percentage *Selling price)]- Sale price marked up
Let plug in the formula
Cost to sale price markup=[$455-(20%*$455)]-$280
Cost to sale price markup=($455-$91)-$280
Cost to sale price markup=$364-$280
Cost to sale price markup=$84
Therefore the markup from the cost to sale price will be $84
If a student from science class asked to borrow $200 and promised to repay you in 5 months, would you lend it to him?
Answer:
No
Explanation:
Because they most likely would not remember about the money so you're giving your money for nothing
No, If a student from science class asked to borrow $200 and promised to repay you in 5 months, you lend it to him.
What is the rule about lending money?It is acceptable to lend money, and when you do, the borrower is obligated by law to repay the debt. If your borrower defaults on a lesser loan, you can file a small claims lawsuit against them. Although this could come across as harsh, it's crucial to comprehend it right away.
However, whether or not to lend money to someone is a personal decision that depends on various factors such as the relationship with the person, their track record of repaying debts, and one's own financial situation. It is important to carefully consider all factors before making a decision to lend money to someone.
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Costello Corporation reported pretax book income of $502,000. During the current year, the reserve for bad debts increased by $9,000. In addition, tax depreciation exceeded book depreciation by $42,000. Finally, Costello received $4,000 of tax-exempt life insurance proceeds from the death of one of its officers. Costello's deferred income tax expense or benefit would be:________.
Answer: $11220
Explanation:
Based on the scenario in the question, first, we.have to calculate the difference in net tax which will be:
= $42000 - $9000
= $33,000
Using a tax rate of let's say 34%, Costello's deferred income tax expense would be:
= $33,000 × 34%
= $33000 × 0.34
= $11220
An insurance annuity offers to pay you $1,000 per quarter for 20 years. If you want to earn a rate of return of 6.5 percent, compounded quarterly, what is the most you are willing to pay as a lump sum today to obtain this annuity
Answer:
the amount that willing to pay is $44,591.11
Explanation:
The computation of the amount that willing to pay is as follows:
The Present Value of an Ordinary Annuity is
= Amount × [{1 - (1 ÷ (1 + rate of interest)^n} ÷ rate of interest]
= $1,000 × [{1 - (1 / (1 + 0.065 ÷ 4)^100} ÷ 0.065 ÷ 4]
= $44,591.11
Hence, the amount that willing to pay is $44,591.11
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Which statement best describes why a government’s actions are important in macroeconomics? Check all that apply. Government controls industry through policy. Government is both a consumer and a producer. Government can prevent changes and challenges. Government can use policy to influence the economy. Government can accurately predict economic trends.
Answer:
Government controls industry through policyGovernment is both a consumer and a producerGovernment can use policy to influence the economy.Explanation:
The government can use fiscal policy to influence the economy. It adjusts taxes and spending to direct the economy in the desired direction.
As an institution, the government is a big spender in any economy. Government spending determines the level of production and consumption, which are key macroeconomic indicators.
The government influences the monetary policies in place. By directing the monetary policies, the government controls the borrowing and expansion of businesses and industries.
Answer:
Government controls industry through policy
Government is both a consumer and a producer
Government can use policy to influence the economy.
) What is your BIG idea for a new Sharpie product, service, shopping aisle reinvention, physical location, and beyond?
How will this idea enhance the consumers creative experience
2) How does your idea give consumers of every artistic experience level access to creativity?
A new idea for a Sharpie product could be a digital service present in stores and on websites, where consumers could test the pens and their functionalities, such as colors and textures in a real way.
This idea will improve the creative experience of consumers by innovating the use of pens in the digital environment to offer an experience close to the real one, helping them to choose during the purchase process.
How to improve the consumer experience?This is a process that requires the alignment of consumer expectations with the products and services offered. To be competitive in the market, companies must offer a value proposition to their potential consumer, through the search for relationship, benefits and innovations in their products.
Therefore, it is essential that products and services are based on total quality, from the previous process, at the moment and after the purchase, so that all stages are aligned with the desires and exceed the consumer's expectations.
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What are the legal steps to take when trying to start a business
There are 3 major forms of business ownership
Sole Proprietorship
Partnership
Private Limited Liability Company
If you are to start a business, which of these form of business would you pick and what are your reasons
Answer:
partnership
Explanation:
because I don't know what I will do if i don't have a partner and you two would brainstorm so you can do it well and right
Which franchise model legally obligates a franchisee to replicate all aspects of the franchisor’s business?
In case of a ________ franchise, the franchisee is contractually bound to replicate all aspects of the franchisor’s business.
Answer:
Business format
Explanation:
The business format franchise model is an agreement in which the franchisor provides the franchisee with the established business that involved the name, trademark also it could be run in an independent way. The commission is to be taken by the franchisor from the franchisee in providing this service
Therefore as per the given situation, the business format would be relevant and the same is to be considered
COMPLETE ANSWER
THE ANSWER TO THE QUESTION IS I'M GOING TO VOTE BRAINLIEST
YOU NEED TO PROVE YOUR ANSWER
Direction: Read each statement carefully. Write True in the blank if the statement is right and False if it is wrong and prove it.
1. Internal Forces refers to set of elements which affects organization's or firm's behavior.
2. External Forces is unpredictable and uncontrollable.
3. Poor corporate image is a strength of the firm.
4. Money is the lifeblood of every business.
5. Customers are the king of the market.
6. Demographic aspects are the characteristics of the people in which the organization can be found.
7. Macro and micro environment are types of internal environment.
8. Technological includes the use of robots and online commerce.
9. Improper plans and policies help the firm to accomplish its objectives.
10. Socio-cultural are the characteristics of the population of a certain place.
The given statement 1,2,3,6,7 and 9 are false statement and 4,5,8 and 10 are true statement.
What is called an organization?An organization is consists group of people who work together, like an association, a charity, a union, or a corporation.
1. Internal Forces refers to set of elements which affects organization's or firm's behavior. It is false statement because today's organizational behavior is influenced by a complicated mix of major influences. People, Structure, Technology, and Environment are the four categories of important factors. People, structure, and technology interact, and these factors are impacted by the environment.
2. External Forces is unpredictable and uncontrollable. It is false statement because it is possible to predict economic trends using forecasted data.
3. Poor corporate image is a strength of the firm. It is false because when the corporate image is weak or poor, it affects the customers perception of not just the company but it's products as well. Hence, deflecting demand for their goods an services.
4. Money is the lifeblood of every business. It is True statement
5. Customers are the king of the market. It is true statement.
6. Demographic aspects are the characteristics of the people in which the organization can be found. It is false statement because demography is the scientific survey of populations, particularly human populations. Demographic analysis may be used to entire societies or groupings based on factors such as education, nationality, religion, and ethnicity.
7. Macro and micro environment are types of internal environment. it is false because Macro relates to external while micro relates to internal.
8. Technological includes the use of robots and online commerce, it is true.
9. Improper plans and policies help the firm to accomplish its objectives it is false because a bad plan cannot possibly lead to a good plan. Hence, improper plans and policies can not help the firm to accomplish its objectives.
10. Socio-cultural are the characteristics of the population of a certain place. It is the true statement.
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A bond has a coupon rate of 8.6 percent and 5 years until maturity. If the yield to maturity is 8.2 percent, what is the price of the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Answer:
$1,015.89
Explanation:
Annual coupon = 1000*8.6% =86
Present value of annuity = Annuity[1-(1+interest rate)^-time period]/rate
= 86*[1-(1.082)^-5]/0.082
= 86*3.971751714
Present value of discounting factor=1000/1.082^5
= 674.316359
= 1000*0.674316359
Price of bond = Annual coupon*Present value of annuity factor(8.2%,5) + $1000*Present value of discounting factor(8.2%,5)
Price of bond = 86*3.971751714 + $1000*0.674316359
Price of bond = 341.570647404 + 674.316359
Price of bond = 1015.887006404
Price of bond = $1,015.89
The creditors are not paid on time and added interest to the account of the business. What will be the consequences if this continues to happen?
Answer:
Your debt will go to a collection agency, and your credit history and score will be affected!
Explanation:
You are purchasing a 30-year, zero coupon bond. The yield to maturity is 9.1% and the face value is $1,000. What is the current market price
Answer:
Zero-cupon bond= $73.33
Explanation:
Giving the following information:
You are purchasing a 30-year, zero coupon bond. The yield to maturity is 9.1% and the face value is $1,000.
To calculate the price of the bond, we need to use the following formula:
Zero-cupon bond= [face value/(1+i)^n]
Zero-cupon bond= [1,000 / (1.091^30)]
Zero-cupon bond= $73.33
What can people do better to make a better place in this earth
Answer:
not be so selfish and quit worrying about materialistic things and worry about the better being of others but be kind n respectful to your self at the same time
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Corrine recently stayed at a hotel for the weekend. While Corrine did pay for the
hotel room, she only paid to use the room for a finite amount of time, not to own it.
What defining characteristic of hospitality and tourism is this an example of?
(1 point)
O perishability
O immobility
O inseparability of product and consumption
inconsistency
|||
The inseparability of product and consumption is an example of defining characteristics of hospitality and tourism. Thus, option A is correct.
What are hospitality and tourism?Hospitality and tourism are both considered service industries in which the services are rented by the company or firm. Causes there are various people who are assigned to do the job, the person who is hired in this form is often considered as an employee.
In recent times as Corrine has stated in a hotel for just a finite time, even those inseparable from the product as the product is being used by her and consumed for a specific point of time. Also, I have she has uses services it is being provided by the company. Therefore, option A is the correct option.
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Which professional source provides entrepreneurs with expertise and knowledge about buying an existing business in return for commission?
_________ demand a certain amount of commission for providing an entrepreneur professional advice and expertise about buying an existing business that suits the entrepreneur’s requirements.
There are different kinds of business. The professional source that provides entrepreneurs with expertise and knowledge about buying an existing business in return for commission are Business brokers.
They also demand some amount of commission for giving an entrepreneur professional advice and expertise about buying an existing business that suits the entrepreneur’s requirements.They also have a standard commission rate. Business broker commission fees varies sometimes. There is no rule or regulation that sets it pricing.
Most business brokers often charge a 10% commission which is commonly called a “success fee” on the value of the business and others charge 6% on any other form of real estate.
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Tom prepares an elaborate financial plan and tries sticking to it very strictly. He is concerned about eventualities that might occur in the future and disturb his plan. What practice can help him prepare for any problems with his plan?
Answer:
Tom should review and revise his plan on a regular basis, e.g. once a year or once every 6 months. A financial plan is a budget, and like all budgets, it represents an estimate or forecast of future events. If any person was able to predict the future and be 100% right every time, they would play the lottery and earn millions every week. The future is always uncertain, and just like a company must review and revise their forecasts, so should Tom. This advice applies to all of us that try to stick to some type of financial plan.
What are some of your strengths areas? Think about the top 2/3 skills you would advertise about yourself, consider what others come to you for advice about.
Answer:
Some of my strength areas are trustworthiness, creativity and solving problems, leadership and organization, analytical skills, determination, and empathy.
Explanation:
Every person's core strengths or skills should fall into these three main areas: personal, play, and work. Personal skills deal with the fundamental skills that give the background to every activity that a person undertakes. Play skills define the human interaction and relationship with others. Work skills specify one's attitude to work and how a person achieves her goals in the work environment.
Identify the features of stocks and bonds.
coupon rate
face value
closing price
maturity date
Stock? Bond ?
Plato/edmentum unit 3 finance
Answer:
Stocks:
closing price maturity rateBonds :
Coupon rate Face valueExplanation:
A stock entitles the holder to dividend payments and gives ownership right of a company to the holder.
The closing price of a stock is the last price that the stock sells for at the end of a trading session
A bond is a debt instrument.
If the MPC is 0.80 and the government increases spending on cancer research by $15 billion.(a) What is the value of the initial impact on real GDP? What is the value of the total impact on real GDP? What effect do you think a $50 billion increase in government spending will have on the economy?(b) Assume the MPC is 0.80 and policy makers have targeted real GDP to increase by $200 billion. By how much must taxes be reduced to achieve this goal?
Answer:
(a) What is the value of the initial impact on real GDP? What is the value of the total impact on real GDP? What effect do you think a $50 billion increase in government spending will have on the economy?
The initial impact will be $15 billion.
The total impact should = $15 x [1 / (1 - 0.8)] = $15 x (1/0.2) = $15 x 5 = $75 billion.
If the government increased expending by $50, the total impact = $50 x 5 = $250 billion
(b) Assume the MPC is 0.80 and policy makers have targeted real GDP to increase by $200 billion. By how much must taxes be reduced to achieve this goal?
tax multiplier = 0.8 / (1 - 0.8) = 0.8 / 0.2 = 4
the government should decrease taxes by $200 / 4 = $50 billion
The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 11300 gallons of direct materials that actually cost $41810 were used to produce 6800 units of product. The direct materials quantity variance for last month was
Answer:
9,200 favourable
Explanation:
Calculation for direct materials quantity variance for last month
First step is to calculate the Standard quantity
Standard quantity = 6,800 units × 2 gallons
Standard quantity = 13,600gallons
Now let Calculate direct materials quantity variance for last month Using this formula
Direct materials quantity variance = Standard Price × (Standard Quantity - Actual Quantity)
Let plug in the formula
Direct materials quantity variance = $4 × (13,600 gallons - 11,300gallons)
Direct materials quantity variance = $4 × 2,300 gallons
Direct materials quantity variance = $9,200 favorable
Therefore The direct materials quantity variance for last month was $9,200 favourable
Which career advancement tool serves as a collection of various aspects related to your professional life?
A (Blank ) is a collection of your activities, performances, awards, and experiences that relate to your professional life.
Answer:
Career portfolio
Explanation:
Chang Industries has 2,200 defective units of product that already cost $18 each to produce. A salvage company will purchase the defective units as is for $7 each. Chang's production manager reports that the defects can be corrected for $10 per unit, enabling them to be sold at their regular market price of $23. The $18 per unit is a:
Answer:
The $18 per unit is a:
sunk cost.
Explanation:
Chang's cost incurred per unit of $18 is a sunk cost. A sunk cost is a cost that has already been incurred. It does not make a difference in a future decision. This implies the Chang may decide to correct the defect or otherwise. What decision it takes should be based on the cost and revenue that results from the next decision, and not the past decision.
Glebe Company accepted a credit card account receivable in exchange for $1,100 of services provided to a customer. The credit card company charges a 5% service charge. The collection of cash from the credit card company when it settles the account receivable balance will act to:
Answer:
Account receivable balance = $1,100 - ($1,100* 5%)
Account receivable balance =$1,100 - $55
Account receivable balance = $1,045
Date Account Title Debit Credit
Cash Account $1,045
To Accounts receivable $1,045