Companies Heidee and Leaudy have the same sales, tax rate, interest rate on their debt, total assets, and basic earning power. Both companies have positive net incomes. Company Heidee has a higher debt ratio and, therefore, a higher interest expense. Which of the following statements is CORRECT? Explain your selection with at least 200 words.

a. Company Heidee has more net income.
b. Company Heidee pays less in taxes.
c. Company Heidee has a lower equity multiplier.
d. Company Heidee has a higher ROA.
e. Company Heidee has a higher times interest earned (TIE) ratio.

Answers

Answer 1

Answer:

All the statements are CORRECT about Heidee Company, except statement 'e'.

Explanation:

With the higher debt ratio and higher interest expense, Heidee Company will pay less in taxes, all other things equal.  Taxes are computed on the after-interest income. This lower tax expense will also translate to more net income for Heidee.  Certainly, based on its higher debt ratio than Leaudy, its equity multiplier will be higher.  It will also return more in assets than Leaudy based on the higher net income.


Related Questions

The three steps which will create triangular arbitrage profit are as follows: first step, convert ____; second step, convert _______, and third step, convert ______.
a) USD to GBP; CHF to GBP; CHF to USD
b) USD to GBP; GBP to CHF; CHF to USD
c) USD to CHF; GBP to CHF; GBP to USD
d) USD to CHF; CHF to GBP; GBP to USD

Answers

Answer:

The correct option is b) USD to GBP; GBP to CHF; CHF to USD.

Explanation:

A triangular arbitrage can be described as the act of taking advantage of a foreign exchange market arbitrage opportunity created by a pricing difference between three different currencies.

A triangle arbitrage method entails three deals, with the first currency being converted to a second, the second currency being converted to a third, and the third currency being converted to the first.

In the question, USD is the first currency, GBP is the second currency, and CHF is the third currency. Based on the explanation above, the three steps which will create triangular arbitrage profit are as follows: first step, convert USD to GBP; second step, convert GBP to CHF, and third step, convert CHF to USD.

Therefore, the correct option is b) USD to GBP; GBP to CHF; CHF to USD.

An individual works downtown and pays $600 per month in rent for an apartment located 10 miles from her office. She has calculated that she spends 30 minutes per day driving each way to the office and it costs her $4 per day in gas and lost productivity. Using the framework of the bid-rent model, how much would she be willing to pay for an apartment downtown, assuming a 20 workday month?
a. $440.
b. $680.
c. $520.
d. $80.

Answers

Answer:

b. $680

Explanation:

Calculation to determine how much would she be willing to pay for an apartment downtown, assuming a 20 workday month

First step to determine the Cost of commuting using this formula

Cost of commuting = Cost of gas and productivity × 20 workday month

Let plug in the formula

Cost of commuting =$4*20

Cost of commuting =$80

Now let determine how much would she be willing to pay for an apartment

Using this formula

Amount willing to pay= Total rent + Cost of commuting

Let plug in the formula

Amount willing to pay= $600 + $80

Amount willing to pay= $680

Therefore how much would she be willing to pay for an apartment downtown, assuming a 20 workday month is $680

The Employee Retirement Income Security Act (ERISA) of 1974 states that employees must be told about their benefits: __________

a. In a way that clearly specifies advantages and disadvantages of various benefits programs.
b. According to state statutes on benefits dissemination.
c. In a way that the average employee can understand.
d. In a way that clearly lays out unexpected costs that might be associated with choosing certain benefits

Answers

Answer:

c. In a way that the average employee can understand.

Explanation:

The Employee Retirement Income Security Act of 1974 is a federal labor and tax law of the United States of America. It is also referred to as the Employee Benefit Security Act and it was originally published (effective) on the 2nd of September, 1974 and was mainly focused on providing pension reforms for the employees working in the United States of America.

Basically, the Employee Retirement Income Security Act (ERISA) of 1974 sets the minimum standards for the administration of retirement (pension) and healthcare plans in the private sector or industry.

Hence, the Employee Retirement Income Security Act (ERISA) of 1974 states that employees must be told about their benefits such as plan features and funding, in a way that the average employee can understand.

Airline F leases all its aircraft under finance leases. Airline O leases all its aircraft under operating leases. Assuming that the two airlines report under US GAAP and are otherwise identical except for the mentioned lease classifications, which of the following comments is true?

a. Airline O has lower rent expense reported on its income statement
b. Airline F has a lower EBITDA margin
c. None of the listed answers
d. Airline O has more lease liabilities
e. Airline O has less lease assets at the inception of the lease

Answers

Answer: e. Airline O has less lease assets at the inception of the lease

Explanation:

With operating leases, the entity leasing the asset or the lessee, does not get the rights to ownership of the asset being leased but instead simply pay a fee or sort of rent for leasing the asset.

With a finance lease however, ownership is passed to the lessee for the lease period and the lessee would have to depreciate the asset and record it in its books.

Airline O will therefore not record any assets but Airline F will. This means that Airline F will have more assets than O because it had to record its assets but O did not.

Salaries of $4,000 are paid for a five-day week on Friday. Journalize the necessary adjusting entry of the month ends on Thursday.

Answers

Answer:

Debit Salaries Expense $4,000

Credit Salaries Payable $4,000

Explanation:

Preparation of the the the necessary adjusting entry of the month ends on Thursday

Based on the information given the necessary adjusting entry of the month ends on Thursday will be to Debit Salaries Expense with the amount of $4,000 and Credit Salaries Payable with the same amount of $4,000.

Debit Salaries Expense $4,000

Credit Salaries Payable $4,000

Trong kinh tế học, cụm từ "phân phối" đề cập đến ??

Answers

Câu trả lời:

Vui lòng kiểm tra giải thích

Giải trình:

Phân phối trong kinh tế học đề cập đến việc chia sẻ và giải ngân doanh thu, thu nhập hoặc đầu ra thương mại giữa các yếu tố sản xuất bao gồm đất đai, lao động, vốn và các bên liên quan có liên quan. Tương tự như vậy, hàng hóa được sản xuất ra sẽ phải được chia sẻ một cách chiến lược trong thị trường khác để đảm bảo rằng các địa điểm hoặc khu vực có nhu cầu hoặc nhu cầu cao được xác định và hàng hóa và dịch vụ được chia sẻ tương ứng. Phân phối là điều cần thiết trong kinh tế học vì nó nhằm mục đích đảm bảo phân bổ nguồn lực và phân bổ đầu ra một cách công bằng và hiệu quả, dẫn đến sự tham gia thị trường hiệu quả nhất.

Maxwell Washington's weekly gross earnings for the week ending March 9 were $2,620, and her federal income tax withholding was $550.20. Assuming the social security tax rate is 6% and Medicare tax is 1.5% of all earnings, what is Washington's net pay?

Answers

Answer:

1 million

Explanation:

lamingos, Inc. has two service departments and two operating (production) departments. Administrative Department costs are allocated to the Assembly and Packaging departments based on the number of employees, and Maintenance Department costs are allocated to the Assembly and Packaging departments based on square feet occupied. Data for these departments follows:


Department Direct Expenses No. of employees Sqaure Feet
Administrative $30,000
Maintenance 15,000
Assembly 70,000 6 2,000
Packaging 45,000 4 3,000

The total amount of the Administrative Department's cost that would eventually be allocated to the Packaging Department is: __________

Answers

Answer:

Packaging= $12,000

Explanation:

First, we need to calculate the allocation rate of the Administrative Department:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Allocation rate= 30,000 / (6 + 4)

Allocation rate= $3,000 per employee

Now, we can allocate to the Packaging Department:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Packaging= 3,000*4

Packaging= $12,000

The provision of accounting information for internal users is known as

Answers

Answer:

managerial accounting

Explanation:

Voltanis Corp. has preferred stock outstanding that will pay an annual dividend of $4.29 every year in perpetuity. If the stock currently sells for $101.03 per share, what is the required return?a. 3.82%b. 3.97%c. 4.25%d. 2.36%e. 4.85%

Answers

Answer:

The appropriate choice is Option c (4.25%).

Explanation:

Given:

Annual dividend,

= $4.29

Price per share,

= $101.03

Now,

The required return will be:

= [tex]\frac{Annual \ dividend}{Price \ per \ share}[/tex]

= [tex]\frac{4.29}{101.03}[/tex]

= [tex]0.04246[/tex]

or,

= [tex]4.25[/tex] (%)

Assume that you manage a risky portfolio with an expected rate of return of 15% and a standard deviation of 31%. The T-bill rate is 5%.

Stock A 26%
Stock B 33%
Stock C 41%

A client prefers to invest in your portfolio a proportion (y) that maximizes the expected return on the overall portfolio subject to the constraint that the overall portfolio's standard deviation will not exceed 20%.

a. What is the investment proportion, y?
b. What is the expected rate of return on the overall portfolio?

Answers

Answer:

a. 64.52%

b. 11.45 percent

Explanation:

we solve for the standard deviation of the full portfolio. the standard deviation will not be more than 20 percent.

this is given as

y * 31 percent

20% = y * 0.31

0.20 = 0.31y

y = 0.20/0.31

y = 0.64516

= 64.52 percent

b. The expected rate of return

= (1- 64.52%)*0.05+0.6452*15percent

= 0.3548*0.05+0.09678

= 0.11452

= 11.45 percent

this is the expected rate of return on the overall portfolio

$1,000 par value zero-coupon bonds (ignore liquidity premiums) Bond Years to Maturity Yield to Maturity A 1 6.00% B 2 7.50% C 3 7.99% D 4 8.49% E 5 10.70% One year from now bond C should sell for ________ (to the nearest dollar).

Answers

Answer:

$842

Explanation:

The computation of the One year from now bond C should sell is shown below;

But before that we have to determined the expected yield to maturity for bond C in one year :

So,  

1.0799^3 = 1.06 x (1 + r)^2

1.188 = (1 + r)^2

√1.188 = √(1 + r)^2

1.08999 = 1 + r

r = 0.08999

= 9%

Now

the yield to maturity  = (future value ÷ present value)^0.5 - 1

0.09 + 1 = ($1,000 ÷ value in 1 year)^0.5  

1.09 = ($1,000 ÷ value in 1 year)^0.5

1.09^2 = $1,000 ÷ value in 1 year

So,

value in 1 year is

= $1,000 ÷ 1.09^2

= $1,000 ÷ 1.1881

= $841.68

$842

In the picture, what are assets, liabilities and equity in the balance sheet?

Answers

Answer:

Assets =  $66,974

Liabilities = $0

Equity = $66,974

Explanation:

Assets

Assets are resources that are controlled by the business, which generate economic benefits.

Total Assets = Non-Current Assets + Current Assets

where,

Non-Current Assets :

Office Equipment                        $ 10,000

Computer Equipment                 $20,000

Total Non-Current Assets           $30,000

Current Assets :

Cash                                             $15,000

Accounts receivable                    $12,882

Computer supplies                        $2,545

Prepaid insurance                        $3,220

Prepaid rent                                  $3.300

Total Current Assets                   $36,947

Total Assets                                 $66,974

Liabilities

Liabilities are present obligations of the business that result in outflow of economic resources.

Total Liabilities = Non-Current Liabilities + Current Liabilities  

where,

Non-Current Liabilities = $0

Current Liabilities         = $0

Total Liabilities             = $0

Equity

Is the residue of what is left when Liabilities are deducted from the Assets

Total Equity = Total Assets - Total Liabilities

                    = $66,974 - $0

                    = $66,974

Consider a telephone call to London that currently would cost $5. If the real price of telephone calls does not change in the future, how much will it cost you to make a call to London in 50 years if the inflation rate is 5% (roughly its average over the past 30 years)? What if inflation is 10%.

Answers

Answer:

If inflation were 5%, the value of the call in 50 years would be $ 57.33; while if inflation were 10% the value of the call would be $ 586.95.

Explanation:

Given that a telephone call to London that currently would cost $ 5, to determine, if the real price of telephone calls does not change in the future, how much will it cost you to make a call to London in 50 years if the inflation rate is 5% and if inflation is 10%, the following calculations must be made:

5 x 1.05 ^ 50 = X

5 x 11.4674 = X

57.33 = X

5 x 1.1 ^ 50 = X

5 x 117.39 = X

586.95 = X

Therefore, if inflation were 5%, the value of the call in 50 years would be $ 57.33; while if inflation were 10% the value of the call would be $ 586.95.

What is the difference between nominal price and real price?

Answers

Answer:

The nominal price of a good is its value in terms of money, such as dollars, French francs, or yen. The relative or real price is its value in terms of some other good, service, or bundle of goods. The term “relative price” is used to make comparisons of different goods at the same moment of time.

Hope it's help

Correct me if I'm wrong

Explanation:

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Answer:

Definition: The nominal price of a good is its value in terms of money, such as dollars, French francs, or yen. The relative or real price is its value in terms of some other good, service, or bundle of goods. The term “relative price” is used to make comparisons of different goods at the same moment of time.

#Carry on learning

[tex] - heavengrace[/tex]

At an activity level of 6,000 units the cost for maintenance is $7,200 and at 10,000 units the cost for maintenance is $11,600. Using the high-low method, the cost formula for maintenance is: Group of answer choices

Answers

Answer:

y = $1.10x + $600

Explanation:

Step 1 : Variable Cost calculation

Variable Cost = ($11,600 - $7,200) ÷ (10,000 - 6,000)

                        = $1.10

Step 2 : Fixed Cost calculation

Total cost = Variable Cost + Fixed Cost

hence,

Fixed Cost = Total Cost - Variable Cost

                   = $11,600 - (10,000 x $1.10)

                   = $600

Step 3 : Cost formula for maintenance

Total cost = Variable Cost + Fixed Cost

therefore,

y = $1.10x + $600

where,

y = Total cost

x = Activity level

Using the high-low method, the cost formula for maintenance is : y = $1.10x + $600

Archer Inc. issued $4,000,000 par value, 7% convertible bonds at 99 for cash. If the bonds had not included the conversation feature, they would have sold for 95. Prepare the journal entry to record the issuance of the bonds.

Answers

Answer: Dr Cash $3,960,000

Dr Discount on bonds payable $40,000

Cr Bonds payable $4,000,000

Explanation:

The journal entry to record the issuance of the bonds will be prepared as follows:

Dr Cash = 4,000,000 × 99% = $3,960,000

Dr Discount on bonds payable = $40,000

Cr Bonds payable = $4,000,000

(To record bond issued on discount)

Suppose that Canada can produce 15units of timber or 3 units of grain. Suppose that Mexico can produce 6 units of timber or 2 units of grain. Which of the following is CORRECT?
a. Canada has a comparative advantage in grain production.
b. Mexico has a comparative advantage in grain production.
c. The countries would find trade mutually beneficial at a trading ratio of 1 grain for 2 timber.
d. Mexico has an absolute advantage in timber production.

Answers

Answer: B. Mexico has a comparative advantage in grain production.

Explanation:

Comparative advantage simply means when an economy can produce a good at a lower opportunity cost than another economy.

From the information given, since Canada can produce 15units of timber or 3 units of grain. Therefore, 1 grain = 15/3 = 5 timber

On the other hand, Mexico can produce 6 units of timber or 2 units of grain. Therefore, 1 grain = 6/2 = 3 timber.

Therefore, Mexico haa a comparative advantage in grain based on the above.

what type of occupation do you prefer to do any why​

Answers

Answer:

a hands on occupation

Explanation:

I dont like sitting around

The units of Manganese Plus available for sale during the year were as follows:

Mar. 1 Inventory 22 units $29
June 16 Purchase 31units $20
Nov. 28 Purchase 46 units $39

There are 14 units of the product in the physical inventory at November 30. The periodic inventory system is used. Determine the inventory cost in (a) FIFO, (b) LIFO, and (c) average cost methods.

Answers

Answer and Explanation:

The computation of the ending inventory by following methods are

a. Under FiFO

= 14 units at $39

= $546

b. Under LIFO

= 14 units at $29

= $406

c, Under average cost method

But before that the average cost per unit should be determined

= (22 units at $29 + 31 units at $20 + 46 units at $39) ÷ (22 units + 31 units + 46 units)

= ($638 + $620 + $1,794) ÷ (99 units)

= $30.83

Now the ending inventory is

= $30.83 × 14 units

= $431.62

= $432

Nash's Trading Post, LLC recorded the return of $150 of goods originally sold on credit to Discount Industries. Using the periodic inventory approach, Nash's would record this transaction as:
Accounts Payable 150
Sales Returns and Allowances 150
Sales Returns and Allowances 150
Accounts Receivable 150
Accounts Receivable 150
Sales Returns and Allowances 150
Inventory 150
Accounts Receivable 150

Answers

Answer:

Sales Returns and Allowances 150

Accounts Receivable 150

Explanation:

When goods are returned, the sales revenue decreases through Sales Returns and Allowances which is an expense. So, it is debited and the goods sold on account, the Accounts Receivable which is an asset decreases, so it is credited.

Account Titles and Explanations      Debit   Credit

Sales Returns and Allowances            $150

     Accounts Receivable                             $150

(To record sales returns)

Sage Company is operating at 90% of capacity and is currently purchasing a part used in its manufacturing operations for $13.00 per unit. The unit cost for the business to make the part is $22.00, including fixed costs and $11.00, excluding fixed costs. If 32,354 units of the part are normally purchased during the year but could be manufactured using unused capacity, what would be the amount of differential cost increase or decrease from making the part rather than purchasing it

Answers

Answer:

$64,708 cost decrease

Explanation:

Calculation to determine the amount of differential cost increase or decrease from making the part rather than purchasing it

First step

Purchase cost =$13

Manufacturing cost = $11 (variable)

Profit in manufacturing =$13-$11

Profit in manufacturing=$2

Now let determine the amount of differential cost increase or decrease

Cost decrease by =$2*32,354

Cost ​decrease by $64,708

Therefore the amount of differential cost DECREASE from making the part rather than purchasing it is $64,708

Problem 2 (2 points): If the rate of net investment flow is given by I(t) = 200e0.2t, calculate:
a/ The capital formation from the end of the second year to the end of the sixth year;
b/ The number of years required before the capital stock exceeds $200 000.

pls

Answers

Answer:

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to the end of the sixth year;

b/ The number of years required before the capital stock exceeds $200 000.

A ______ strategy aims at securing a competitive advantage by serving buyers in the target market niche at a lower cost and lower price than rivals. Multiple choice question. focused low-cost overall low-cost resource-based cost best-cost

Answers

Answer:

focused low-cost

Explanation:

Competitive advantage can be defined as conditions, factors or circumstances that allow a business firm (organization) to manufacture finished goods or services better and perhaps cheaper than other (rival) firms in the same industry. Thus, it's responsible for putting a business firm in a superior or more favorable position than rival firms.

This ultimately implies that, a competitive advantage has a significant impact on a business because it increases its level of sales, revenue generation and profit margin when compared to rival firms in the same industry.

A focused low-cost strategy is a strategic business model that's typically focused on a narrow or small customer base (segment) while providing low-cost goods and services to the customers. Thus, it is a business strategy that involves lowering the price of goods and services in order to generate more revenue and gain a competitive advantage over competitors or rivals in the same industry.

Hence, a focused low-cost strategy is typically aimed at securing a competitive advantage by means of serving buyers or consumers in the target market niche at a lower cost and lower price than rivals in the same industry.

A company needs 550,000 items per year. It costs the company $330 to prepare a production run of these items and $5 to produce each item. If it also costs the company $0.75 per year for each item stored, find the number of items that should be produced in each run so that total costs of production and storage are minimized. items/run

Answers

Answer:

Company A

The number of items that should be produced in each run to minimize total costs of production and storage is:

= 22,000 units

Explanation:

a) Data and Calculations:

Total annual demand = 550,000 units

Cost per production run = $330

Cost per unit = $5

Storage (holding) cost per item = $0.75

The number of items that should be produced in each run to minimize total costs of production and storage is given by Economic Order Quantity (EOQ) formula

= square root of (2 * 550,000 * $330)/$0.75

= square root of $363,000,000/$0.75

= square root of 484,000,000

= 22,000 units

Suppose that Portugal and Switzerland both produce fish and olives. Portugal's opportunity cost of producing a crate of olives is 3 pounds of fish while Switzerland's opportunity cost of producing a crate of olives is 11 pounds of fish. By comparing the opportunity cost of producing olives in the two countries, you can tell that _____________ has a comparative advantage in the production of olives and _________ has a comparative advantage in the production of fish.

Suppose that Portugal and Switzerland consider trading olives and fish with each other. Portugal can gain from specialization and trade as long as it receives more than ___________of fish for each crate of olives it exports to Switzerland. Similarly, Switzerland can gain from trade as long as it receives more than __________ of olives for each pound of fish it exports to Portugal. Based on your answer to the last question, which of the following prices of trade (that is, price of olives in terms of fish) would allow both Switzerland and Portugal to gain from trade?

a. 6 pounds of fish per crate of olives
b. 2 pounds of fish per crate of olives
c. 8 pounds of fish per crate of olives
d. 18 pounds of fish per crate of olives

Answers

Answer:

Portugal has comparative advantage in producing olives.

Switzerland has comparative advantage in producing fish.

Portugal can gain from trade if it receives more than 3 pounds of fish per crate of olives.

Switzerland can gain from trade if it receives more than 1/11 of olives for each pound of fish.

d. 18 pounds of fish per crate of olives.

Explanation:

Switzerland and Portugal both countries can produce Olives and fish. One country has advantage in producing fish while other has advantage in producing olives. Both countries can gain from trade if they find a intermediary way so that both countries can be in win win situation. It is beneficial for Portugal if it trades with Switzerland if it receives more than 3 pounds of fish.

Sep. 3 Purchased merchandise inventory on account from Shallin Wholesalers, $7,000. Terms 1/15, n/EOM, FOB shipping point.
Sep. 4 Paid freight bill of $55 on September 3 purchase.
Sep. 4 Purchase merchandise inventory for cash of $2,100.
Sep. 6 Returned $1,000 of inventory from September 3 purchase.
Sep. 8 Sold merchandise inventory to Herenda Company, $5,500, on account. Terms 1/15, n/35. Cost of goods, $2,255.
Sep. 9 Purchased merchandise inventory on account from Tripp Wholesalers, $10,000. Terms 1/10, n/30, FOB destination.
Sep. 10 Made payment to Shallin Wholesalers for goods purchased on September 3, less return and discount.
Sep. 12 Received payment from Hilton Company, less discount.
13. After negotiations, I received a $100 allowance from Tristan Wholesalers.
15.Sold merchandise inventory to Jesper Company, $3,500, on the account. Terms n/EOM. Cost of goods, $1,610
22.Made payment, less allowance, to Tristan Wholesalers for goods purchased on September 9
23. Jesper Company returned $800 of the merchandise sold on September 15. Cost of goods, $368
25. Sold merchandise inventory to Smithson for $2,000 on account that cost $780 Terms of 3/10, n/30 was offered, FOB shipping point. As a courtesy to Smithson, $55 of freight was added to the invoice for which cash was paid by Oceanic
29. Received payment from Smithson, less discount.
30. Received payment from Jesper Company, less return.

Required:
Journalize the transaction.

Answers

Answer:

Sep. 3

Dr Merchandise Inventory $7,000

Cr Accounts Payable—Shallin Wholesalers $7,000

Sep. 4

Dr Merchandise Inventory $55

Cr Cash $55

Sep. 4

Dr Merchandise Inventory $2,100

Cr Cash $2,100

Sep. 6

Dr Accounts Payable—Shallin Wholesalers $1,000

Cr Inventory $1,000

Sep. 8

Dr Accounts Receivable— Herenda Company $5,445

Cr Sales Revenue $5,445

Sep. 8

Dr Cost of Goods Sold $2,255

Cr Merchandise Inventory $2,255

Sep. 9

Dr Merchandise Inventory $10,000

Cr Accounts Payable—Tripp Wholesalers $10,000

Sep. 10

Dr Accounts Payable—Shallin Wholesalers $6,000

Cr Merchandise Inventory $60

Cr Cash $5,940

Sep. 12

Dr Cash $5,445

Accounts Receivable—Herenda Company $5,445

Sep. 13

Dr Accounts Payable—Tristan Wholesalers $100

Cr Merchandise Inventory $100

Sep. 15

Dr Accounts Receivable—Jesper Company $3,500

Cr Sales Revenue $3,500

Sep. 15

Dr Cost of Goods Sold $1,610

Cr Merchandise Inventory $1,610

Sep. 22

Dr Accounts Payable—Tristan Wholesalers $9,900

Cr Cash $9,900

Sep. 23

Dr Refunds Payable $800

Cr Accounts Receivable—Jesper Company $800

Sep. 23

Dr Merchandise Inventory $368

Cr Estimated Returns Inventory $368

Sep. 25

Dr Accounts Receivable—Smithson $1,995

Cr Sales Revenue $1,940

Cr Cash $55

Sep. 25

Dr Cost of Goods Sold $780

Cr Merchandise Inventory $780

Sep. 29

Dr Cash $1,995

Cr Accounts Receivable— Smithson $1,995

Sep. 30

Dr Cash $2,100

Cr Accounts Receivable—Jesper Company $2,100

Explanation:

Preparation of the journal entries

Sep. 3

Dr Merchandise Inventory $7,000

Cr Accounts Payable—Shallin Wholesalers $7,000

Sep. 4

Dr Merchandise Inventory $55

Cr Cash $55

Sep. 4

Dr Merchandise Inventory $2,100

Cr Cash $2,100

Sep. 6

Dr Accounts Payable—Shallin Wholesalers $1,000

Cr Inventory $1,000

Sep. 8

Dr Accounts Receivable— Herenda Company $5,445

Cr Sales Revenue $5,445

[$5,500-(1%*$5,500)]

Sep. 8

Dr Cost of Goods Sold $2,255

Cr Merchandise Inventory $2,255

Sep. 9

Dr Merchandise Inventory $10,000

Cr Accounts Payable—Tripp Wholesalers $10,000

Sep. 10

Dr Accounts Payable—Shallin Wholesalers $6,000

($7,000-$1,000)

Cr Merchandise Inventory $60

(1%*$6,000)

Cr Cash $5,940

($6,000-$60)

Sep. 12

Dr Cash $5,445

[$5,500-(1%*$5,500)]

Accounts Receivable—Herenda Company $5,445

Sep. 13

Dr Accounts Payable—Tristan Wholesalers $100

Cr Merchandise Inventory $100

Sep. 15

Dr Accounts Receivable—Jesper Company $3,500

Cr Sales Revenue $3,500

Sep. 15

Dr Cost of Goods Sold $1,610

Cr Merchandise Inventory $1,610

Sep. 22

Dr Accounts Payable—Tristan Wholesalers $9,900

Cr Cash $9,900

($10,000-$100)

Sep. 23

Dr Refunds Payable $800

Cr Accounts Receivable—Jesper Company $800

Sep. 23

Dr Merchandise Inventory $368

Cr Estimated Returns Inventory $368

Sep. 25

Dr Accounts Receivable—Smithson $1,995

($1,940+$55)

Cr Sales Revenue $1,940

[$2,000-(3%*$2,000)]

Cr Cash $55

Sep. 25

Dr Cost of Goods Sold $780

Cr Merchandise Inventory $780

Sep. 29

Dr Cash $1,995

($1,940+$55)

Cr Accounts Receivable— Smithson $1,995

Sep. 30

Dr Cash $2,100

Cr Accounts Receivable—Jesper Company $2,100

10. Crowding out effect Suppose economists observe that an increase in government spending of $13 billion raises the total demand for goods and services by $52 billion. If these economists ignore the possibility of crowding out, they would estimate the marginal propensity to consume (MPC) to be . Now suppose the economists allow for crowding out. Their new estimate of the MPC would be than their initial one.

Answers

Answer:

Explanation:

Effect of crowding out:

The crowding out phenomena describes the economic phenomena in which an increase in government public spending leads to reduced or perhaps may eliminate of private investment.

Multiplier:

The multiplier represents the ratio of income to investment change.

Given that:

$13 billion increase in government spending will lead to a $52 billion

The rise in demand for goods & service will be the value of multiplier which is

= 52/13

= 4

To determine the multiplier using the formula:

Multiplier = 1 /( 1- MPC)

4 = 1/(1 - MPC)

4 (1 - MPC) = 1

(1- MPC) = 1/4

-MPC = 0.25 - 1

MPC = 0.75

Marginal propensity to consume = 0.75

If you have a derivative position where you might be obligated to sell Japanese yen, you are a: Group of answer choices Call option buyer/holder. Put option writer/seller. Put option buyer/holder. Call option writer/seller.

Answers

Answer:

The answer is B

Explanation:

The answer is B. Put option writer/seller. Put option writer has a right but not the obligation to sell an asset at a specified price while put option buyer is the reverse

Option A is wrong. Call option buyer/holder has the right but not the obligation to buy an asset at a specified price while call option writer/seller is the reverse.

Techniques for building employee empowerment include: building communication networks that include employees. developing open, supportive supervisors. moving responsibility from both managers and staff to production employees. building high-morale organizations. All of these are techniques for employee empowerment.

Answers

Answer:

All of these are techniques for employee empowerment.

Explanation:

An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.

Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).

Generally, it's very important and necessary for employers or business owners to develop incentives for the empowerment of the employees.

Some of the techniques for building employee empowerment include the following:

I. An employer should build a strong communication networks that include employees and takes ideas from them.

II. An employer should groom his or her supervisors into being receptive, open, and supportive to their subordinates.

III. Moving responsibility from both managers and staff to production employees.

IV. High-morale should be stimulated or built around the employees working within organizations.

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