Answer:
school buses are yellow
Explanation:
An activity variance is due to the difference between the level of activity used in the flexible budget and the actual level of activity.
a. True
b. False
Answer:
a. True
Explanation:
The Activity variance is based on the difference in actual level of activity used in flexible budget and the level of activity accounted in the planning or master budget
The senior accountant for Carlton Co., a public company with a complex capital structure, has just finished preparing Carlton's income statement for the current fiscal year. While reviewing the income statement, Carlton's finance director noticed that the earnings per share data has been omitted. What changes will have to be made to Carlton's income statement as a result of the omission of the earnings per share data
Answer: b. Carlton's income statement will have to be revised to include the earnings per share data
Explanation:
The options to the question are:
a. No changes will have to be made to Carlton's income statement. The income statement is complete without the earnings per share data.
b. Carlton's income statement will have to be revised to include the earnings per share data.
c. Carlton's income statement will only have to be revised to include the earnings per share data if Carlton's market capitalization is greater than $5,000,000.
d. Carlton's income statement will only have to be revised to include the earnings per share data if Carlton's net income for the past two years was greater than $5,000,000.
From the question, we are informed that the senior accountant for Carlton Co., a public company with a complex capital structure, has just finished preparing Carlton's income statement for the current fiscal year and that while reviewing the income statement, Carlton's finance director noticed that the earnings per share data has been omitted.
The changes that will have to be made to Carlton's income statement as a result of the omission of the earnings per share data is that Carlton's income statement will have to be revised to include the earnings per share data.
Noah Construction Company is building a large complex for a contract price of $5,000,000. This is a three-year project and the requirements for recognizing revenue over time are met. The total estimated cost of the project is
Answer:
$625,000
Explanation:
Calculation for how much income is recognized in Year 3
First step
Year 1 2 3
Cost incurred Till date
1000 (1000+1500)2500 (2500+1250)3750
Estimated cost to complete
3000 1500 0
Total cost of contract
4000 4000 3750
Second step
Using this formula to calculate for the percentage of completion for each year
Percentage of completion =Cost incurred till date /Total cost
Let plug in the formula
Yeat 1= 1,000/4,000 =25%
Year 2= 2,500/4,000 =62.5%
Year 3=3,750/3,750 =100%
Last step
Year 1 2 3
Contract price 5000 5000 5000
Less:Total cost (4000) (4000) (3750)
Gross profit 1000 1000 1250
Percentage of completion
25% 62.5% 100%
Gross profit to be recognized till date (1000*25%)=250 (1000*62.5%)=625 (1250*100%)=1,250
Less:Gross profit recognized till prior year
0 -250 -625
Gross profit to be recognized in current period
250 375 625
Hence;
Year 1 Gross profit is $250,000
Year 2 Gross profit is $375,000
Year 3 Gross profit is $625,000
Therefore the amount of income recognized in year 3 will be $625,000
Among the things that an organization should consider when planning for pandemics are: ________
a. Relying only on external resources
b. Managing public expectations about which agencies can do what and in what timeframe
c. The post pandemic inflation rate
d. Ignoring the usual range of organizational issues that might come up
Answer:
c. The post-pandemic inflation rate
Explanation:
Remember, most organization's main goal is to make revenue. Thus, among the things that should be put into consideration when an organization is planning for pandemics is how the post-pandemic inflation rate will affect it's revenue.
This is very important because usually, prices of commodities or supplies increase rapidly.
A firm's marginal cost has a minimum value of $80, its average variable cost has a minimum value of $90, and its average total cost has a minimum value of $100. Then the firm will shut down in the short run once the price of its product falls below
a. $100.
b. $90.
c. $80.
d. $40.
Answer:
b. $90.
Explanation:
The shutdown rule elaborates that "in the short run a firm should continue to operate if price exceeds average variable costs"
Thus in this case, the firm will shut down in the short run once the price of its product falls below $90
Kate Company purchased a tractor at a cost of $120,000. The tractor has an estimated salvage value of $20,000 and an estimated life of 8 years, or 12,000 hours of operation. The tractor was purchased on January 1, 2016 and was used 2,400 hours in 2016 and 2,100 hours in 2017. What method of depreciation will produce the maximum depreciation expense in 2017
Options :
A) Straight-line
B) Units-of-production
C) Double-declining-balance
D) All methods produce the same expense in 2017
Answer:
C.) Double declining balance
Explanation:
Given the following:
Cost of tractor = $120,000
Salvage value = $20,000
Estimated life = 8 years or 12000 hours of operation
Purchase date = January 1, 2016
2016 usage = 2400 hours
2017 usage = 2100 hours
Depreciation Expense :
Using the straight line Depreciation :
(120,000 - 20,000) / 8 = 100,000 / 8 = $12,500
Double declining balance :
(100%)/8 = (0.125) * 2 = 0.25
0.25 * 120,000 = 30,000
Unit of production:
(120,000 - 20,000) * (2100 / 12,000)
= 100,000 * 0.175 = $17500
A document commonly used in real estate transactions, detailing the fees, commissions, insurance, etc. that must be transacted for a successful transfer of ownership to take place is known as what...? Closing Statement Deed Schedule A Contract
Answer:
Closing statement.
Explanation:
A document commonly used in real estate transactions, detailing the fees, commissions, insurance, etc. that must be transacted for a successful transfer of ownership to take place is known as a closing statement. The closing statement is a spreadsheet document that comprises of the statement of actual settlement costs and it is usually provided by a real estate agent to a home seller while the bank gives it to the home buyer.
The payment of semi-annual interest on outstanding bonds payable is classified in the statement of cash flows as a(n):
Answer:
Operating Activity
Explanation:
Interest payments are classified as cash outflow resulting from operating activities and must be presented as such in the cash flow statement whether the indirect or direct method is used to prepare the cash flow statement
The term ____________________ refers to a market exchange that affects a third party who is outside or external to the exchange. Group of answer choices
Answer: B. spillover
Explanation:
A Spillover is used to refer to the effects of an Externality which is what happens when a market exchange leads to effects on a third party that was not party to a transaction between the contracting parties.
The activities that result from the transaction spillover to the third party and can be either negative or positive. A negative spillover would be countries in Africa getting harsher global warming effects due to companies in china polluting the atmosphere.
This problem with interest group membership develops when potential members fail to join because they can get the benefit sought by the group without contributing the effort or financial membership dues?
Answer:
Free Rider or collective action
Explanation:
Free rider or collective action refers to the problem in which individual think that when a joint action will be done, that is some collective act will take place no matter what, they they free ride.
Which means they withdraw to perform as they believe that their individual act will not change anything and the result shall be collective.
Every individual thinks their contribution does not matter.
Accordingly potential members who can actually make a difference by their individual corporation tend to move out and not perform and then cumulatively the results are affected.
Money is: Multiple Choice the sum of assets minus debts. any asset used to make purchases. the same as income. all financial assets.
Answer:
any asset used to make purchases.
Explanation:
Money is any asset used to make purchases. This ultimately implies that, in economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Additionally, the rate at which an asset can be used to purchase any goods or services refers to its liquidity. Thus, liquidity is a quality or characteristics of money as a medium of exchange.
Hence, money is a generally accepted medium of exchange around the world.
The amount of money the policyholder pays per claim before the insurance company will pay on the claim is known as the:_______.
Answer: deductible
Explanation:
The deductible is a term that is used in insurance which simply means the amount of fund that is paid by a policy holder from his or her pocket before the insurance company will then pay any other expenses.
Deductible is typically used by insurance companies in order to ensure that the policy holders will also share any cost that is involved in the claim.
Answer:
deductible
Explanation:
Assume a bond is currently selling at par value. What will happen in the future if the yield on the bond is lower than the coupon rate
Answer:
The answer is 'The price of the bond will increase'
Explanation:
Bond and its price are indirectly related i.e If one goes up, the other goes down. What this means is that, if the yield of the bond is lower than coupon rate(coupon rate greater than bond yield), the price of the bond will increase. And also if the yield of the bond is higher than coupon rate(coupon rate lower than bond yield), the price of the bond will decrease.
To rent a car for one week, a car rental company charges a $200 base price as well as $0.45 per mile. Jennifer will rent a vehicle at this company, but she has a $275 budget. What is a possible number of miles that Jennifer can drive without exceeding her budget?
Answer:
166mile
Explanation:
Given that:
Base price is $200
Mileage price = $0.45 per mile
Jennifer will rent a vehicle at this company, but she has a $275 budget.
Hence the possible number of miles that Jennifer can drive without exceeding her budget :
She will have to make a deposit of $200 which is the base price
($275 - $200) = $75
Now that she is left with $75
Recall,
1 mile = $0.45
X mile = $75
$75 × 1 mile = X mile × $0.45
X mile = 75/0.45
X mile = 166.666
Hence the maximum miles she will have to cover without incurring extra charges will be 166mile
Sheldon has a home valued at $108,000 and an outstanding mortgage of $70,000. If his lender is willing to provide a home equity loan of up to 80% of market value, how much could Sheldon borrow using a home equity loan?
Answer:
$16,400
Explanation:
Sheldon has a home that is valued at $108,000
The outstanding mortgage is $70,000
The lender is ready to provide a home equity loan of 80% market value
Therefore, the amount of money that Sheldon would be able to borrow can be calculated as follows
= 80/100×$108,000
= 0.8×$108,000
= $86,400
$86,400-outstanding mortgage
= $86,400-$70,000
= $16,400
Hence Sheldon should be able to borrow $16,400 using the home equity loan
the price of a stock is $45 at the beginning of the year and $50 at the end of the year. of the stock paid a $1 dividend and inflation was 3%, what is the real holding-period return for the year?
Answer:
Real holding period return on investment =10.03%
Explanation:
Total return is the sum of capital appreciation plus the distribution received over the course of the investment period.
Capital gain is the difference between the current value of the investment and the initial cost of the investment
Total return = capital gain + distributed dividends
Capital gain= 50-45= 5
Dividend = 1
Percentage return =( total return/ cost of investment ) × 100
Total return = 5+1= 6
Total return = 6/45 × 100= 13.333
Inflation is the increase in the price level.It erodes the value of money.rise in the price of money
Nominal interest is that quoted for investment or loan transactions. It has not been been adjusted for inflation.
Real interest rate is the amount of interest in terms of the the quantity of good and services that can be purchased. It is the nominal interest rate adjusted for inflation.
The relationship between inflation, real interest and nominal interest rate is given using the Fishers Effect;
N = ( (1+R) × (1+F)) - 1
N- nominal rate, R-real rate, F- inflation
real rate of return = (I.13/1.03) -1 = 0.1003
Nominal rate of return = 0.1003 × 100 = 10.032%
How does local techology help people?
By using technology, cities are able to track data about public problems, generated often by citizens, to develop effective policy solutions. In addition to helping with internal planning and addressing municipal problems, cities can use technology to advertise their assets.
If firms in a competitive industry begin to earn profit in the short run, new firms will enter. This will shift the industry a. demand curve to the right, meaning market price will rise. b. demand curve to the left, meaning market price will fall. c. supply curve to the right, meaning market price will fall. d. supply curve to the left, meaning market price will rise.
Answer:
c. supply curve to the right, meaning market price will fall.
Explanation:
If firms in a competitive market start to make a large profit, more firms will enter that market because they will also want a share of it. As more firms enter the market, total quantity supplied will increase, shifting the supply curve to the right and lowering the equilibrium price.
Which of the following items is recognized for governmental activities in the government-wide statement of activities and not the statement of revenues, expenditures, and changes in fund balance for governmental funds?
a. Transfers between governmental funds
b. Property tax revenue for an amount deferred because it was not available
c. A state grant awarded and received for road repairs that were completed this fiscal year
d. Salaries payable at the end of the current year that will be paid at the beginning of the subsequent year
Answer:
b. Property tax revenue for an amount deferred because it was not available
Explanation:
Government statement of activities shows the various expenses and revenue that the government has within a given period. It is usually on accrual basis.
While statement of revenues, expenditure and change in fund shows revenue and expense items that have been incurred by the government. This is not based on accrual but actual revenue earned and expense incurred.
So property tax revenue for an amount deferred because it was not available. Will appear on government statement of activities but will not appear in statement of revenue, expense, and change of funds because no present revenue or expense is involved.
Both unemployment taxes are applied to the first $7,000 of an employee's pay. The employee has $186 in federal income taxes withheld. The employee has voluntary deductions for health insurance of $154 and contributes $77 to a retirement plan each month. What is the amount of net pay for the employee for the month of January
Answer: $4,754.60
Explanation:
FUTA and SUTA are not paid by the employee so they do not apply.
The net pay therefore will be;
= Gross pay - FICA social security - FICA Medicare - Federal Income taxes - Health insurance -Retirement
= 5,600 - ( 5,600 * 6.2%) - (5,600 * 0.6%) - 186 - 154 - 77
= $4,754.60
Alice is shopping for a new car,and she has narrowed her decision to a Honda Accord and a Toyota Camry.Both sedans have similar features and prices,but Alice decides to purchase the Honda based on her intuition.Which of the following situations would most likely cause Alice to experience postpurchase dissonance?
A) The price of the Honda Accord increases by a huge margin.
B) The price of the Toyota Camry falls due to an increase in demand.
C) The Honda Accord meets all her expectations and satisfies her needs.
D) The Toyota Camry experiences technical failures that lead to a recall.
E) The maintenance costs of the Honda Accord decrease significantly over time.
Answer:
B) The price of the Toyota Camry falls due to an increase in demand.
Explanation:
Based on this scenario the most likely cause of this would be that the price of the Toyota Camry falls due to an increase in demand. That is because Post Purchase Dissonance is when the customer's state of the mind and perception is quite uneasy after having purchased a specific product or service. Which in this scenario, if the price of Toyota falls after Alice already purchased the Honda, she would begin getting sad knowing that she could have saved a lot of money if she had just waited a little bit and bought the Toyota at a much cheaper price.
Companies engaged in a single line of business most commonly utilize an organizational structure that can be:
a functional (departmental) organizational structure.
highly decentralized matrices.
either independent, consolidated, or hybrid profit centers.
hybrid functional organizations with a combination of
decentralized and centralized decision making.
either centralized, principal, or critical-path in nature.
Answer:
a functional (departmental) organizational structure.
Explanation:
Among the most frequent type of organizational structure used by several organizations is the departmental or functional organizational structure. The company's workers are divided into the functional organizational structure as per their experience or area of study. A different department agency such that It, Marketing, Human Resources, Finance etc.
So based on the given situation, the first option is correct
How do you think keeping a budget can impact your overall wealth?
Keeping a budget can significantly impact overall wealth by promoting financial discipline and awareness.
What are the benefits?It helps individuals track income and expenses, identify unnecessary spending, and prioritize savings and investments.
Budgeting prevents debt accumulation, encourages responsible financial decision-making, and allows for better long-term planning. As a result, individuals can build emergency funds, pay off debts faster, and grow their savings and investments. By maintaining a budget, people can achieve greater control over their finances, reduce financial stress, and work towards building wealth steadily over time.
Read more about Budgeting here:
https://brainly.com/question/29792126
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Please please please help me I don’t know please someone help me. The subject is math
Answer:
The answers are already there
Explanation:
If you want to know how to do it:
How to calculate percentage:
[From decimal]
Decimal x 100 = percentage
e.g. 0.2 x 100 = 20%
[From fraction]
Numerator / Denominator x 100 = percentage
top number / bottom number x 100 = percentage
e.g. 3/5 --> 3 / 5 x 100 = 0.6 x 100 = 60%
How to calculate decimal:
[From percentage]
Percentage / 100 = Decimal
e.g. 45% / 100 = 0.45
[From fraction]
Numerator / Denominator = Decimal
top number / bottom number = Decimal
e.g. 7/8 = 7 / 8 = 0.875
How to calculate fraction:
[From percentage]
Percentage number / 100 --> simplify
e.g. 38% --> 38/100 --> 19/50
[From decimal]
Decimal x 100 / 100 --> simplify
e.g. 0.75 --> 0.75 x 100 = 75 --> 75/100 --> 3/4
Hope this helps :)
In an informationally efficient capital market: Group of answer choices security prices quickly reflect new information. investors react to all information releases rapidly. active managers can generate abnormal profits.
Answer:
security prices quickly reflect new information.
Explanation:
In 1969, Eugene Fama proposed the informationally efficient capital market. It can be defined as a type of market in which all information relating to a stock portfolio of an organization would be incorporated into its current price.
Hence, in an informationally efficient capital market security prices quickly reflect new information.
This ultimately implies that, a capital market is said to be efficient when all the informations about securities (stocks) are fully reflected in its prices.
Answer:
security prices quickly reflect new information.
Explanation:
A capital market is one where there is sale of securities and other company equity.
When information flow is restricted the market is said to be inefficient. The few people with access to information use it to make profit.
An efficient market is one where everyone has access to information about securities being sold. Because of this the securities that are not going to perform are known by investors resulting in low prices.
Securities that are high performing are quickly identified and price of such security rises.
A claim which contains one or more errors and is sent back to the biller before processing with directions for resubmittal is called a _______ claim.
Answer:
Rejectes
Explanation:
The face value is $82,000, the stated rate is 10%, and the term of the bond is eight years. The bond pays interest semiannually. At the time of issue, the market rate is 8%. What is the present value of the bond at the issue date? Present value of $1: 4% 5% 6% 7% 8% 15 0.555 0.481 0.417 0.362 0.315 16 0.534 0.458 0.394 0.339 0.292 17 0.513 0.436 0.371 0.317 0.270 18 0.494 0.416 0.350 0.296 0.250 19 0.475 0.396 0.331 0.277 0.232 Present value of ordinary annuity of $1: 4% 5% 6% 7% 8% 15 11.118 10.380 9.712 9.108 8.559 16 11.652 10.838 10.106 9.447 8.851 17 12.166 11.274 10.477 9.763 9.122 18 12.659 11.690 10.828 10.059 9.372 19 13.134 12.085 11.158 10.336 9.604
Answer:
$91,561.20
Explanation:
bonds face value $82,000
coupon rate 10%, 5% semiannual
periods 8 x 2 = 16
market price:
PV of face value = $82,000 x 0.534 (PV factor, 4%, 16 periods) = $43,788
PV of coupon payments = $4,100 x 11.652 (PV annuity factor, 4%, 16 periods) = $47,773.20
market price = $43,788 + $47,773.20 = $91,561.20
According to Euromonitor International, the global market for foods that offer health benefits is currently worth about ________ billion in annual sales.
Answer: $600 billion
Explanation:
For an economy to grow and develop, it is vital for everyone in the society to live healthy. This can be done by eating foods that contain the necessary nutrients, drinking good portable water, eating fruits, and living a healthy lifestyle.
According to Euromonitor International, the global market for foods that offer health benefits is currently worth about $600 billion in annual sales.
The University of California at Irvine (UCI) allows student organizations and private firms to sell items on campus to raise funds for various activities. Many of the organizations sell boba, a Taiwanese tea drink, because boba is popular with students. The market for boba on the UCI campus is very competitive. If legislation is passed to restrict the entry of private firms into the boba market at the UCI campus, the
Options Available Are:
A. Demand for boba would increase.
B. Demand for boba would fall.
C. market would become more competitive.
D. Supply for boba would increase.
E. Market would become less competitive.
Answer:
Option E. Market would become less competitive.
Explanation:
The restriction of entry of private firms into boba market will increase the barriers to entry thus lowering the market entrants and minimizing the market. Furthermore, this lowering of market entrants will encourage the market players to increase the price of boba in the next few months which means that the market is less competitive.
Hence the option E is correct here.
If a firm that repairs both motorcycles and cars is able to do so at a lower cost than a firm that does only one or the other, this would be an example of
Complete Question:
If a firm that repairs both motorcycles and cars is able to do so at a lower cost than a firm that repairs only one or the other, this would be an example of __________.
Group of answer choices
A. economies of scope
B. economies of scale
C. monitoring
D. increasing transactions costs
Answer:
A. economies of scope
Explanation:
If a firm that repairs both motorcycles and cars is able to do so at a lower cost than a firm that does only one or the other, this would be an example of economies of scope.
Economies of scope can be defined as an economic factor which makes proportionate savings possible as well as reducing the cost of production when products are manufactured together instead of manufacturing them individually or separately.