Answer:
$2,548
Explanation:
The computation of the amount received as on payment in full on July 24 is shown below:
= Sale made - returned goods
= $2,900 - $300
= $2,600
Now the full payment would be
= net sales - discount rate of net sales
= $2,600 - 2% of $2,600
= $2,600 - $52
= $2,548
This is the answer but the same is not provided in the given options
We simply applied the above formula so that the correct value could come
And, the same is to be considered
All of the following are inventoried under variable costing except: utilities cost consumed in manufacturing. raw materials used in production. direct labor. sales commissions.
Answer:
The right approach is Option d (Sales commissions).
Explanation:
Sales commission seems to be an expense for the time that is not reflected throughout inventory commodity prices. That would be the amount that could be received by a sales agent as well as a sales representative including its price of a property. The cost of products generated, credit card payments, postage charges the sales commission that you will allocate to sales workers are including variable costs.Some other three choices are not associated with the case in question. So, option d seems to be the right choice.
If demand for land increases, the rental price ________ and the equilibrium amount of land ________. Group of answer choices
Answer:
If demand for land increases, the rental price RAISES / INCREASES and the equilibrium amount of land REMAINS THE SAME.
Explanation:
The supply of some products is fixed in the short run and one example of this is land either for urban development or agriculture. It is possible but extremely expensive to "create" land, so the supply is usually considered constant. On the long run, humanity has managed to artificially create islands and expand cities, but these type of projects require a lot of money and take a lot of time.
The short run or the long run are not definite time spans. The short run refers to a period of time where one or more factors of production are fixed. While the long refers to a time period where all factors of production can change.
Governments most often regulate essential services like water treatment by:
A. taking control over private corporations.
B. creating barriers to entry in monopolistic competition.
C. eliminating pure competition markets.
D. setting up natural monopolies.
SUBMIT
Setting up natural monopolies
Curly and Rita are married, file a joint return, and have two dependent children, ages 11 and 13. Their AGI is $417,000. By how much is their child credit reduced in 2019?a. $0.b. $300.c. $350.d. $700.e. $7.000.
Answer:
$850
Explanation:
child credit 2019 = $2,000 per qualifying child under age 16
in this case, both children qualify, so total tax credit could be up to $4,000
but their tax credit will partially phase out because their AGI is higher than $400,000:
phase out = [($417,000 - $400,000) / $1,000] x $50 = 17 x $50 = $850
the available child tax credit = $4,000 - $850 = $3,150
Within the context of the circular flow of income model, what is the role of financial intermediaries?
Answer:
The role that financial intermediaries play in that diagram of the economy is to leakage or inject money.
Explanation:
To begin with, the concept known as "Circular Flow of Income" refers to a model that is famously known in the economics sciences due to the fact that it is a graphic that shows how the primary entities of the economy of a country interact with each other in order to have a particular outcome expected in the diagram. Therefore that in that context, the financial institutions play the role of intermediaries inside the flow meaning that the can they can either leakage or inject money to the flow. The first one they do it by helping the households to save money in accounts. And the second one they do it by helping the private sector in terms of investing regarding businesses.
Assume that the custodian of a $810 petty cash fund has $182.50 in coins and currency plus $598.50 in receipts at the end of the month. The entry to replenish the petty cash fund will include:_____
a. A credit to Cash Over and Short for $628.
b. A debit to Petty Cash for $598.50.
c. A debit to Cash Over and Short for $29.00.
d. A credit to Cash for $598.50.
e. A debit to Cash for $570.
Answer: c. A debit to Cash Over and Short for $29.00.
Explanation:
Difference between petty cash allocation and petty cash balance and receipts
= 810 - (598.50 + 182.50)
= $29
This $29 will be debited to the Cash Over and Short Account along with Expenses of $598.50. The total of these two will then be credited to the Cash account to replenish the money in Petty Cash back to the allocation of $810.
What are the criteria Jason should use in evaluating investment alternatives? 2.What questions does this case raise that you need to have answered before you can invest your funds more intelligently? Where could you find answers to such questions?What are the criteria Jason should use in evaluating investment alternatives? 2.What questions does this case raise that you need to have answered before you can invest your funds more intelligently? Where could you find answers to such questions?What are the criteria Jason should use in evaluating investment alternatives? 2.What questions does this case raise that you need to have answered before you can invest your funds more intelligently? Where could you find answers to such questions?What are the criteria Jason should use in evaluating investment alternatives? 2.What questions does this case raise that you need to have answered before you can invest your funds more intelligently? Where could you find answers to such questions?What are the criteria Jason should use in evaluating investment alternatives? 2.What questions does this case raise that you need to have answered before you can invest your funds more intelligently? Where could you find answers to such questions?
what are mutual funds are
Answer:
Mutual Funds are simply a way to pool money together and buy more stocks. You invest into a mutual fund along with many other people. Then your pooled money is invested by the manager of the mutual fund. They are generally conisdered safe as they are run by "stock gurus".
Firm A has a value of $200 million, and B has a value of $120 million. Merging the two would allow a cost savings with a present value of $30 million. Firm A purchases B for $130 million. How much do firm A's shareholders gain from this merger?A. $30 millionB. $20 millionC. $15 millionD. $10 million
Answer:
A's shareholder would gain = $20 million
Explanation:
Given:
Value of firm A = $200 million
Value of firm B = $120 million
Cost saving = $30 million
Computation:
Premium paid = $130 million - $120 million
Premium paid = $10 million
A's shareholder would gain = Cost saving - Premium paid
A's shareholder would gain = $30 million - $10 million
A's shareholder would gain = $20 million
According to the video, what are some qualities Tellers need? Check all that apply.
a cheerful, outgoing personality
a dominant, confident presence independence
leadership skills
basic math skills
attention to detail
Answer:
a e f i did the assment
Explanation:
Answer:
the answer is:
a cheerful, outgoing personality
basic math skills
attention to detail
Explanation:
Evaluate this sentence, "The best way to get rid of poverty is to increase government expenditures on welfare programs."
Select one:
a This sentence is inherently true. By providing the poor with more money they will no longer remain in poverty
b This sentence is true. Everyone would be better off if we increased government transfer programs
c. This sentence is false. Increasing transfer benefits like welfare will lower the opportunity cost of making decisions that can lead to poverty
d. This sentence is false. Increasing government expenditures will only be harmful to those in poverty,
Answer:
c. This sentence is false. Increasing transfer benefits like welfare will lower the opportunity cost of making decisions that can lead to poverty
Explanation:
Welfare programs involves transfer payments. These payments are made by the government in order to assist the marginalized sectors or people who are in need so they can thrive economically. In this case, the government just provides and doesn't receive anything in return.
If the government expenditures would increase, the transfer benefits would increase too. So this would most likely lead to "poverty" because the government will just be spending money without any returns.
explain the following concepts:
1. "Equal pay for equal work"
2. "Equal pay for comparable work"
Explanation:
I believe the first one is saying that your pay should be based on your work performance. If you are doing a good job, you should be given a good paycheck, "equal pay for equal work." if you are performing poorly than you be given a small amount, all based on work performance. For example, sales. How much you are able to sale will determine how much you would get paid.
The second one
1. comparable work as in how consistent you are, for example you do good one day and bad the other day.
^ I would explain further but I have to go to bed, hope you understand what I mean and hope this helps!
1. Which large desert is located near Egypt?
The large desert is
The average lead time of a unit of product through a manufacturing station is 18 minutes. The average work in process inventory at this station has been 30 pieces. What is the production rate?
a. 3.0 pieces/min
b. 0.33 pieces/min
c. 1.66 pieces/min
d. 0.83 pieces/min
Answer:
Production rate = 1.66 pieces/min (Approx)
Explanation:
Given:
Average lead time = 18 minutes
Average work in process inventory = 30 pieces
Find:
Production rate
Computation:
Production rate = Average work in process inventory/Average lead time
Production rate = 30/18
Production rate = 1.66 pieces/min (Approx)
1.14 When the wages per worker in the metal-working industry increases, the supply curve of
steel will shift to the right.
[1] True
[2] False
Answer:
false it will shift to the left
The Sarbanes-Oxley Act was passed in an effort to:_________
a. control corrupt corporate financial behavior.
b. protect small business from large corporations dominating the market.
c. ensure that partnerships divide profits among partners in a fair manner
d. guarantee that outside auditors can control corporate accounting practices.
e. a and b above.
Answer:
A)control corporate behavior
Explanation:
Sarbanes-Oxley Act which came up in 2002, can be regarded as Public Company Accounting Reform and Investor Protection Act, is a reform act for public companies and investor protector. Sarbanes-Oxley Act was popped up in U S in order to to get the auditing of public companies fixed. It should be noted that the Sarbanes-Oxley Act was passed in an effort to control corrupt corporate financial behavior.
the franlkin corpoation is expexted to pay a dividend of 1.01 per share at the end of the year the stock sells for 64.39 per shar required rate return is 7.75% what is the equiliburm growth rate
Answer:
The equilibrium growth rate is 6.18%.
Explanation:
This is calculated by using the Gordon growth model (GGM) formula which is based on the assumption that dividend growth rate will be stable year after year forever. The formula is as follows:
P = d / (r - g) ……………………………………… (1)
Where;
P = current share price = 64.39
d = expected dividend = 1.01
r = required return = 7.75%, or 0.0775
g = equilibrium growth rate = ?
Substituting the values into equation (1) and solve for g, we have:
64.39 = 1.01 / (0.0775 - g)
64.39(0.0775 - g) = 1.01
4.990225 - 64.39g = 1.01
4.990225 - 1.01 = 64.39g
3.980225 = 64.39g
g = 3.980225 / 64.39
g = 0.0618143345239944, or 6.18143345239944%
Rounding to 2 decimal places, we have:
g = 6.18%
Therefore, the equilibrium growth rate is 6.18%.
Accounting profit is different than economic profit because economic profit is only important to economists and does not apply to the actual decision to launch a new business. accounting profit ignores the opportunity cost of launching a new business. economic profit is what is reported on your tax return. accounting profit includes all financial and opportunity costs of starting a business.
Answer:
accounting profit ignores the opportunity cost of launching a new business.
Explanation:
economic profit = accounting profit - opportunity costs
the easiest way to explain this concept is through an example:
you earn $60,000 per year by working at a bank
your friend wants to start a small accounting firm with you as his partner
each of you will invest $40,000 and the expected revenue is $150,000, expected costs are $30,000
your accounting profit = ($150,000 - $30,000) / 2 = $60,000
but your economic profit is negative:
opportunity cost of lost wages = $60,000opportunity cost of lost interests on your capital = $40,000 x 3% = $1,200economic profit = $60,000 - ($60,000 + $1,200) = $60,000 - $61,200 = -$1,200
Costco is an example of _______ warehouse. Group of answer choices Hub and spoke system Assortment Spot stock Break bulk
Answer:
Hub and spoke system
Explanation:
Costco Wholesale Corporation is a company that operates in the warehouse industry. They store merchandise at a lower cost than other wholesale or retail sources.
They aim to reduce warehousing cost for small and medium scale businesses.
In the hub and spoke system each component of the warehousing system are independent and contribute to the central warehousing activity.
It is also called the master feeder structure.
Freight traffic is moved to the central hub through spokes that are arranged around the centre like a wheel.
This system reduces the travel time and therefore is more efficient with lower cost
The ratio (proportion) of the sales volumes for the various products sold by a company is called the:________. a) Current product mix. b) Relevant mix. c) Sales mix. d) Inventory cost ratio. e) Production ratio.
Answer:
C) Sales mix.
Explanation:
The sales mix can be regarded as calculation that gives the details of proportion of each unit product that a particular business sells out with the relativity to the total sales, Sales mix is important in business because it helps to know which of the product/services is more profitable than others, any change in the sale mix of the company will bring change to their profit
.
A Perfectly competitive firm’s entire marginal cost curve is its short-run supply curve." Is this statement true or false?
Answer:
False.
Explanation:
In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.
This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.
Hence, a perfectly competitive market is characterized by the following features;
1. Perfect information.
2. No barriers, it is typically free.
3. Equilibrium price and quantity.
4. Many buyers and sellers.
5. Homogeneous products.
Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market
A Perfectly competitive firm’s entire marginal cost curve is not its short-run supply curve but only the portion of the marginal cost (MC) curve of the perfectly competitive firm that lies above its average variable cost (AVC) curve would be its short-run supply curve.
Management anticipates fixed costs of $72,600 and variable costs equal to 42% of sales. What will pretax income equal if sales are $326,000?a. $325,000.b. $57, 500.c. $122, 500.d. $130,000.e. $181, 250.f. $252, 500.
Answer:
$261,680
Explanation:
Calculation for the What will pretax income equal
Pretax income= $326,000 - ((42% × $326,000) + $72,600)
Pretax income= $326,000 - $136,920 + $72,600
Pretax income=$261,680
Therefore What will pretax income equal if sales are $328,000 will be $261,680
For Oriole Company, actual sales are $1,450,000, and break-even sales are $971,500.
Required:
a. Compute the margin of safety in dollars.
b. Compute the margin of safety ratio.
Answer:
a. Margin of safety in dollars = $478,500
b. Margin of safety ratio = 33%
Explanation:
a. Margin of safety in dollars is calculated as;
= Actual sales - Break even sales
Given that;
Actual sales = $1,450,000
Break even sales = $971,500
Margin of safety in dollars
= $1,450,000 - $971,500
= $478,500
b. Margin of safety ratio is computed as;
= [(Actual sales - Break even sales) / Actual sales] × 100
= [($1,450,000 - $971,500) / $1,450,000] × 100
= [$478,500 / $1,450,000] × 100
= 0.33 × 100
= 33%
Wolf Computer exchanged a machine with a book value of $40,000 and a fair value of $45,000 for a very similar machine. In addition, Wolf paid $6,000 as part of the exchange. Wolf should recognize:
Answer:
gain of $5,000
Explanation:
Wolf's gain = fair market value - book value = $45,000 - $40,000 = $5,000
a company must determine the gain or loss of an exchange transaction using the asset's book value and comparing it against its fair market value. If the FMV is higher than the book value, the company will recognize a gain. If the FMV is lower than the book value, then the company will recognize a loss.
Under what condition should a pending lawsuit be recognized as a liability on a company's balance sheet?(a) The outcome is reasonably possible.(b) The outcome is probable.(c) The amount can be reasonably estimated.(d) Both (b) and (c).
Answer:
(d) Both (b) and (c).
Explanation:
A liability can be defined as a future financial sacrifice or obligation that are economically beneficial, which are being made by a company to another business firms with respect to past transactions or events. This financial sacrifice are generally being reported on a company's balance sheet.
Mathematically, liability is given by the formula;
[tex] Liability = Assets - Equity[/tex]
Hence, the condition under which a pending lawsuit should be recognized as a liability on a company's balance sheet is if;
1. The outcome is probable: this simply means when the outcome of a pending lawsuit is most likely to be true, the financial litigation is considered to be a liability.
2. The amount can be reasonably estimated: the amount being owed or in question can be obtained by estimation.
Which of the following is true about firms exiting the competitive market for soybeans
Answer: they are in very high demand
Explanation:
As new enterprises enter the market, the price of soybeans falls. Price takers exist in a totally competitive market, further explained.
What does a competitive market imply?A competitive market is one in which no single customer or producer has significant market power. The supply curve, which represents a quantity, changes its reaction to supply and demand.
In a completely competitive market, a firm's profit-maximizing output will be determined at the level where long-run marginal cost (LMC) equals long-run marginal revenue (LMR) or price in the long run.
If existing firms are making above-average profits at this level of output, additional firms will enter the market in the long run. The market supply of soybeans will increase as new firms enter the market, resulting in a right shift in the supply curve. The equilibrium price (market price) will fall as a result.
Learn more about the above facts in detail here:
https://brainly.com/question/10789335
#SPJ2
The allowance for credit losses account is classified as:_________.
a. a contra-revenue account.
b. a contra-equity account.
c. a contra-asset account.
d. a contra-expense account.
Answer:
c. a contra-asset account.
Explanation:
The allowance for credit losses shows anticipated loss which is a portion of accounts receivable that is deemed to be uncollectible.
The account in actual terms is meant to reduce the balance of accounts receivable to a reasonable amount which is probable to be received from customers in respect of goods bought on credit.
Since the allowance is contra account which reduces accounts receivable, it is appropriate to say it is a contra-asset account
If taxes or assessments on leased premises are increased because of improvements made by the tenant the: ___________.
Answer:
The options are:
A.Landlord is only liable for such increase if the improvement stay within the property
B. Landlord is liable for such increases whether or not the improvements stay with the property
C. Landlord is liable for such increases only to the extent that the improvement actually increases the fair market value of the property.
D. Tenant is always liable for such increases.
The answer is A.Landlord is only liable for such increase if the improvement stay within the property
Taxes or assessments on leased premises are increased because of improvements made by the tenant and the Landlord is only liable for such increase if the improvement stay within the property.
R. Wilson Corporation commenced operations in early 2020. The corporation incurred $60,000 of costs such as fees to underwriters, legal fees, state fees, and promotional expenditures during its formation.
Required:
Prepare journal entries to record the $60,000 expenditure and 2020 amortization, if any.
Answer:
Dr Organization Expense 60,000
Cr Cash 60,000
Explanation:
Based on the information given we were told that the Corporation had commenced operations in early 2020 in which they incurred the amount of $60,000 which means that the journal entries to record the amount of $60,000 expenditure and 2020 amortization, if any will be :
Dr Organization Expense 60,000
Cr Cash 60,000
Explain the entrepreneurial strategies that an entrepreneurs should adopt when undertaking a entrepreneurial business venture
Explanation:
1. Study the competition.
As an entrepreneur, you need to know who your competitors are. You also should understand the rival product or service that is being offering.
This knowledge will help you better market your product or service to stand out, perhaps even using your competition’s weaknesses to your advantage
2. Conserve cash no matter how good business
Entrepreneurs should be as conservative with their money as possible to be able to deal with any rough patch that arises. Conserving several months' worth of operating expenses in the bank will help you survive most unforeseen circumstances.
3. Research new products and services.
Understand emerging products or services on the horizon that could improve your company's operations.
4. Don’t tackle huge markets at first.
Avoid expanding into large markets in the initial stages. Thinking “if we can capture just 1 percent of China” could turn into a mistake. Niche marketing can be extremely cost effective if you keep three things in mind:
Meet the market’s unique needs by offering something new and compelling.
Speak the market’s language and understand its hot buttons.
Your language should be in synch with that niche even for the minor aspects of a marketing campaign like the company's slogan.
5. Listen to customer feedback and adapt.
Salespeople know the adage "always be closing," referred to by the acronym ABC. Entrepreneurs have an acronym, too: Always be adapting, or ABA.
But entrepreneurs can evolve their business only when they're listening to customer feedback. It may not mean much if one customer doesn’t like your product but if this is true for many of them and they're requesting another feature, listen and be ready to adapt.
Whether you're adapting your marketing plan, simplifying a product or responding to new trends, pay attention to customer feedback. Be all ears
6. Respond to change.
In business change is inevitable and those capable of responding are flexible and versatile.
An entrepreneur must be prepared to accept change and adapt business operations accordingly. Be flexible. If a shift in your product or service is warranted, don't be left behind. Realize from the start that where you are is likely not to be where you’ll end up. A lack of adaptability can result in loss in customers, profits and even business failure.
As an entrepreneur, understand that the world is evolving rapidly. Even a company founded a year ago could change the world today.