Answer:
See below
Explanation:
The dining set cost $1500.
A 20% off sale present a discount amount equal to
=20/100 x $1500
=0.2 x $1500
=$300.
The 20% off sale has a savings of $300 compared to the $200 rebates or $150 coupon.
If the Porters budgeted $1,250, and the dining set is $1500, the 20% off sale will require them to pay $1,200, which is within their budget.
Yes, the Porters are under budget. The 20% off sale is the best deal because $1,500 times 0.20 is $300. $300 is a bigger discount than the $150 coupon and $200 rebate. $300 off $1,500 is $1,200, which is less than the amount budgeted.
In China, suppose GDP per capita grows by 6.0% per year for 27 years . By how many times does this economy grow
Answer: 4.82 times
Explanation:
GDP grows by 6.0% for 27 years. To find out how many times it will grow by, use the following:
= (1 + growth rate) ^ no. of periods
= (1 + 6%)²⁷
= 4.8223
= 4.82 times
The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2030. Weimer will make annual deposits of $185,000 into a special bank account at the end of each of 10 years beginning December 31, 2021. Assuming that the bank account pays 7% interest compounded annually, what will be the fund balance after the last payment is made on December 31, 2030
Answer:
FV= $2,400,927.92
Explanation:
Giving the following information:
Annual deposits= $185,000
Number of compounding periods= 9 years
Number of deposits= 10
Interest rate= 7%
To calculate the future value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {185,000*[(1.07^9) - 1]} / 0.07 + 185,000
FV= $2,400,927.92
As long as price is sufficient to cover ________, the firm is better off by operating rather than by shutting down. A) marginal cost B) average fixed cost
Answer:
A
Explanation:
A firm should shutdown if its price is below average variable cost or marginal cost.
Marginal cost is the change in cost as a result of increasing output by one unit.
If the demand for a product decreases, what is likely to happen?
A.
The supply is likely to increase.
B.
The demand is likely to be inelastic.
C.
The price is likely to increase.
D.
The price is likely to decrease.
Please select the best answer from the choices provided
A
B
C
D
Answer:
The answer is D
Explanation:
It's D because it's demand not quantity demanded
what my friend sent me ;-;
(sorry if its blurry)
Suppose that the government wishes to decrease the market equilibrium monthly rent by increasing the supply of housing. Assuming that demand remains unchanged, by how many units of housing would the government have to increase the supply of housing in order to get the market equilibrium rental price to fall to $1500 per month
Answer:
If the government wants to get the market equilibrium rental price to fall to $1,500 per month, it must build as much housing as needed in order to match the supply of housing with the demand of housing that results from a rental price of $1,500 per month. Like this, both supply and demand will be equal, and the equilibrium price of $1,500 will be reached.
For example, if at $1,500 the quantity of housing demanded is 200 units, and the current housing stock is 150 units, the government will have to build 50 additional housing units in order to match supply and demand.
A loan officer at Southwest Bank is considering a loan application from Preferred Pet Care, Inc. He is concerned about the company's ability to make payments on the loan. The loan officer is likely to be interested in Preferred Pet Care's statement of cash flows True
Answer:
True
Explanation:
This is true, the loan officer would be interested in Preferred Pet Care's statement of cash flow. This statement basically gives the loan officer all of the required information regarding how much cash is entering and leaving the Pet Care's business. This, therefore, gives the loan officer an idea of how much profit the Pet Care business is making and that will determine whether or not they will be able to pay back the loan if it was granted to them. The statement will need to prove that the profit being generated is enough to pay back the loan without making the Pet Care business go into debt.
On 1/1/27, Frankfort Company sold 100 components at $700 each. All sales were cash sales. Estimated total cost servicing the components was $1,300 each year of the three-year-warranty. Frankfort spent $1,400 servicing the components in 2027. This is considered an assurance-type warranty. Using the Expense Warranty approach, what is the 12/31/27 Warranty Liability
Answer:
the 12/31/27 Warranty Liability is $2,500
Explanation:
An assurance type warranty gives a customer assurance that the Good or Service will function or work as intended.
There is no option on the customer to take the warranty or not. Therefore, an assurance type warranty is not a separate performance obligation for revenue recognition.
Assurance type warranties are accounted for in terms of IAS 37 : Provisions.
Entries that Frankfort Company will have made Using the Expense Warranty approach will be :
Date : 1/1/27
Debit : Warranty Expense $1,300
Credit : Warranty Provision $1,300
Providing for amount it will cost the entity in 2027
Date : 12/31/27
1st increase the provision
Debit : Warranty Expense $100
Credit : Warranty Provision $100
then utilize the provision
Debit : Warranty Provision $1,400
Credit : Cash $1,400
When warranty claim is subsequently received
Conclusion :
Warranty liability remaining = $3,900 - ($1,300 + $100)
= $2,500
A team is always picking reasonable action items but is later not delivering on them. How do you handle this habit
Jeanne Connors purchased a digital camera at a sale price of $175.99. The regular selling price is $219.99. What was the markdown as a percentage
Evaluate the extent to which Wal-Mart's previous revenue policy was consistent with the revenue recognition principle.
Answer:
Wal-Mart's previous revenue policy was inconsistent with the revenue recognition principle. It used to recognize revenue when performance obligations have not been met.
Explanation:
In response to SAB 101 issued by the Stock Exchange Commission in 1999, Wal-Mart changed its revenue recognition policy for layaway transactions. Layaway transactions are those in which Wal-Mart sets aside merchandise for customers who make partial payment. Before SAB 101, Wal-Mart recognized all revenue on the sale at the-time of the layaway. After the change, Wal-Mart does not recognize revenue until customers satisfy all payment obligations and take possession of the merchandise.
Ivanhoe, Inc. estimates the cost of its physical inventory at March 31 for use in an interim financial statement. The rate of markup on cost is 20%. The following account balances are available: Inventory, March 1 $540000 Purchases 420000 Purchase returns 10000 Sales during March 720000 The estimate of the cost of inventory at March 31 would be $240000. $350000. $230000. $360000.
Answer:
$ 410,000
Explanation:
Mark Up = 20% or 1/5
Therefore margin = 1/ 5 -1 = 1/4
Trading Account for the Month Ended March 31
Sales 720000
Less Cost of Sales
Opening Inventory $540000
Add Purchases 420000
Less Purchases Returns (10000)
Less Closing Inventory 410,000 540,000
Gross Profit 180,000
The marketing activity that receives the most attention from those concerned with ethical considerations is product strategy, but promotion, marketing research, and pricing also get their share of attention. True False
Answer:
True.
Explanation:
This statement is true, due to the fact that the marketing activities whose competences are ethical considerations, encompass the product strategy as a focus, but also the promotion, marketing research and prices. Ethical considerations in relation to the marketing of a product, means that the product will meet the demands of consumers and satisfy their wants and needs along with the ethical considerations contained in the product. As an example we can mention a makeup company that uses stamps that do not perform tests on animals and uses biodegradable packaging, this company is attesting to consumers ethical values required by its potential audience, so research is needed to identify what their customers' demands are , price strategy in product development and commercialization, etc.
One of the most important issues for Mr. Reuben to address beyond the desires of the employees for particular types of benefits is that of ensuring each benefit policy is legally compliant. Which law/regulation applies to the benefits the company may utilize
Question Completion:
Multiple Choice :
a. Family Medical Leave Act
b. Americans with Disabilities Act
c. Pregnancy Discrimination Act
d. Age Discrimination in Employment Act
e. All of these answers are correct
Answer:
The law/regulation which applies to the benefits the company may utilize is:
a. Family Medical Leave Act
Explanation:
The Family and Medical Leave Act of 1993, gives employees the opportunity to take leave from their work for specific family and medical reasons without affecting their normal annual leave. Unlike the other laws mentioned, which attempt to prohibit discrimination against persons with disabilities, (Americans with Disabilities Act 1990), against Pregnancy (Pregnancy Discrimination Act of 1978), and against age (Age Discrimination in Employment Act 1967), the Family and Medical Leave Act provides benefits to employees.
How will the aggressive e-commerce plan implemented by Walmart affect operations at its retail locations
Answer and Explanation:
As we know that Walmart has the biggest size as a strength. Even there is market saturation but still it opened various retail stores. having more than 10,000 stores in international market it seen that there is large amount of profits. Now after implementing the new e-commerce plan the Walmart leave the competition behind as it helped in covering the great amount of customers range due to this it would create a favorable response also it would be helped in online shopping. having e-commerce plan will give the benefit to generate more sales as compared to before
Basically, an e-commerce plan is a plan that defines various factors that go into an online store's launch and the continued growth.
The aggressive e-commerce plan is implemented to achieved the goals of the online store at rapid rate.
The impact of the aggressive e-commerce plan implemented includes:
break-through salessubstantial online-based market sharegaining customer loyaltycustomer satisfaction etcRead more about e-commerce plan
brainly.com/question/4350579
Question 3 of 10
If
you consistently work
your job.
it's possible that you will become burned out at
A. full time
B. undertime
C. overtime
D. part time
Answer:
C
Explanation:
The answer is C, as working full time is normal, part time is only just part time, and under time is not working a lot at all.
LPC issued the bonds: Multiple Choice Cannot be determined from the given information. At par. At a premium.
Answer:
At a premium
Explanation:
As in the question it is given that
The issued price is $207,020
And, the face value is $200,000
So as we can see that
The issued price i.e. $207,020 is more than the face value i.e. $200,000
So the bond is issued at a premium also the difference of $7,020 would be transfer to the premium account
Think of a business that utilized one of the three methods of innovation to start their business, identify the business, the type of innovation (Architect, Sunbird, or Integrator) and briefly describe the innovation that they created/developed.
Answer:
There are three types of innovation.
Product, Process and business Model.
The company Amazon is one of the leading online business in the world. It has achieved success through process innovation.
Explanation:
Amazon has created a culture of innovation in its organization. The employee working in the amazon are free to share their innovative ideas and management considers those ideas when making strategic planning of business. This is the reason amazon has been able to launch many different types of technological innovations which provide support to their customers and their shopping experience is comfortable.
If the risk-free rate of interest (rf) is 6%, then you should be indifferent between receiving $250 today or:
Answer:
the indifference between receiving $250 today or is $235.85
Explanation:
The computation of the indifference between receiving $250 today or is shown below:
Here we determine the present value
= Amount ÷ (1 + risk free rate of interest)
= $250 ÷ (1 + 0.06)
= $250 ÷ 1.06
= $235.85
Hence, the indifference between receiving $250 today or is $235.85
The same is relevant and considered too
Identify at least four different types of financial statement users and discuss why each would use the financial statements.
Answer:
Government authorities :
They will use the financing statement to ensure the fairness of the business and to receive proper amount of tax.
Investors :
Current or potential investors would check financial statements to ensure they will suitable returns after investment.
Creditors :
They will check financial statements to make sure they get their due money back.
Employees :
The employees will ask for bonus if the company performance in statements is good,
g On November 1, 2020, 5M Corporation entered into a purchase contract (not subject to revision or cancellation) to purchase 750 units of inventory for $50 per unit before January 1, 2021. The company uses the LIFO inventory method. a. If the inventory has a market price of $45 per unit on November 30, 2020, what entry (if any) does 5M Corporation record
Answer and Explanation:
The journal entry is shown below;
Estimated loss on purchase commitment (750 units × ($50 - $45) $3,750
To Estimated liability on purchase commitment $3,750
(Being estimated loss is recorded)
Here the estimated loss is debited as it increased the loss and estimated liability is credited as it also increased the liability
A study of college graduates involves three variables: income level, job satisfaction, and one-way commute times to work. List some ways the variables might be confounded. (Select all that apply.)
Answer:
One-way commute times may be long because affordable housing is distant from the job.
A working spouse could affect all three variables.
People might be very satisfied with their career as long as the income is high.
People may have a career following their passion, but have a low income or a long commute.
Explanation:
As we know that the study in college for graduation generally includes the three types of variables i.e. level of the income, job satisfaction and the one way commute
Now there are some ways that may be cofounded such as the one way commute could belong as if the house is far from the job, for the working spouse the above three variables could be impacted, when the income of the people are high they feel very satisfied and they follow their passion but they have the low income or long commute travelled at the same time
f $1000 is invested at 6% interest, compounded annually, then after n years the investment is worth an
Answer:
Results are below.
Explanation:
Giving the following information:
Initial investment= $1,000
Annual interest rate= 6% = 0.06
Number of periods= n
To calculate the future value after "n" periods, we need to use the following formula:
FV= PV*(1+i)^n
For example:
n= 6 years
FV= 1,000*(1.06^6)
FV= $1,418.52
On April 30 of the current year, Clean Carpets received a bank statement dated April 29. Information has been obtained from the bank statement and from the records of the business. Prepare a bank statement reconciliation. Use Apr. 30 of the current year as the date.
Answer:
Balance as per Checkbook balance is $2,091.15.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
On April 30 of the current year, Clean Carpets received a bank statement dated April 29. The following information is obtained from the bank statement and from the records of the business.
Bank statement balance $1,812.00
Bank service charge 25.00
Outstanding deposit, April 29 805.10
Outstanding checks:
No. 475 325.95
No. 476 200.00
Checkbook balance on Check Stub No. 477 2,116.15
Prepare a bank statement reconciliation. Use April 30 of the current year as the date.
The required bank statement is now prepared as follows:
To do this, the statement of adjusted Checkbook balance is first prepared as follows:
Clean Carpets
Statement of Adjusted Checkbook balance at April 30
Particulars Amount ($)
Checkbook balance on Check Stub No. 477 2,116.15
Less:
Bank service charge (25.00)
Balance as per Checkbook balance 2,091.15
Therefore, the bank statement reconciliation is now prepared as follows:
Clean Carpets
Bank Statement Reconciliation at April 30
Particulars Amount ($) Total ($)
Balance as per Checkbook balance 2,091.15
Add:
Outstanding checks:
No. 475 325.95
No. 476 200.00 525.95
Less:
Outstanding deposit, April 29 (805.10)
Balance as per bank statement 1,812.00
V. Wheat is the main input in the production of flour. If the price of wheat decreases, then we would expect:
1. Demand for flour to increase
2. Demand for flour to decrease.
3. Supply of flour to increase.
4. supply of flour to decrease
Answer:
3. Supply of flour to increase.
Explanation:
The situation above is showing a direct proportional relationship between the "wheat," as a main ingredient of flour, and the flour itself.
If the price of wheat decreases, suppliers will be interested in buying more of it in order to produce more quantities of flour at a lower cost because it will more likely lead to a higher profit. This will, therefore, increase the supply of flour in the market.
"Tom, at Bode Corporation we align our individual goals with the company's goals.
That is, as managers, we use
to drive ourselves and our employees
to accomplish key goals that are linked with the company's success," said Tom's new
CEO.
remuneration
contingency management
quantitative management
management by objective
time-and-motion studies
Assume that while the budget balance in Conania changes from positive to negative, capital inflow in Conania also decreases. How will this affect private investment spending in Conania
Answer and Explanation:
In the case when the budget balance of the Conania varies i.e. from positive to negative so the capital inflow would decrease
Now this impact private investment spending in such a way that the situation would become worst and this would lead a serious crowding effect that ultimately reduce the economy
Hence, the same is relevant
Assume the appropriate discount rate is 2% per period. The discount factor for a cash flow 10 periods from today is closest to
Answer:
Assume the appropriate discount rate is 2% per period. The discount factor for a cash flow 10 periods from today is closest to:
0.820.
Explanation:
The Discount Factor assigns some time-based weights to cash flows in order to determine the present value of future cash flows. It is calculated by adding the discount rate to one, which is then raised to the negative power of a number of periods. This implies that the use of the discount factor enables one to determine the present value of future cash flows, thereby reducing the future value to the present value. The discount factor can easily be found using the present value table.
If you wish to accumulate $150,000 in 10 years, how much must you deposit today in a bank account that pays an annual interest rate of 12%
Answer:
PV= $48,295.99
Explanation:
Giving the following information:
Future Value (FV)= $150,000
Number of periods (n)= 10 years
Interest rate (i)= 12% = 0.12
To calculate the initial investment (PV), we need to use the following formula:
PV= FV / (1+i) n
PV= 150,000 / (1.12^10)
PV= $48,295.99
A laptop assembly plant needs to increase its productivity in a competitive business environment while also reducing the number of workers and resources associated with the production process. The strategy that this company should use is called:
Answer:
an output-based approach
Explanation:
In this scenario, the company should use an output-based approach. This is any approach whose decisions revolve around cutting down costs while at the same time increasing production. Therefore, drastically increasing the plant's efficiency. The more products that are created the more income that the plant can generate. If the costs are also cut down this income becomes more profit for the company. This is exactly what the laptop assembly plant needs to compete in this market.