The frontier of production possibilities that results when opportunity costs are present in production will be a straight line. This statement is false.
Opportunity costs in production result in a bowed-out production possibilities frontier, meaning that as more of one good is produced, the opportunity cost of producing additional units of that good increases.
This is because resources are not equally efficient at producing all goods, and as the production of one good increases, the most efficient resources will be utilized first, with less efficient resources being used as more units are produced.
The bowed-out shape of the production possibilities frontier represents the increasing opportunity cost of producing additional units of a good.
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in a business liquidation, . multiple select question. a) liabilities are paid in full before funds are distributed to owners b) creditors and owners share equally in all distributions of assets c) liabilities are paid after owners receive a return of their investment
In a business liquidation, A)liabilities are paid in full before funds are distributed to owners.
What is liquidation?Selling off assets and utilising the money to settle debts with creditors and shareholders is the process of liquidation. When a business becomes insolvent and unable to pay its debts, it is triggered. Another type of liquidation is when a corporation voluntarily decides to close its doors and sell off its assets.
This means that all debts owed by the company must be satisfied before any remaining assets are distributed to the owners. Creditors have priority over owners in the distribution of assets in a liquidation, as they are considered to have a higher claim on the company's assets. Owners may receive a return of their investment only after all liabilities have been paid.
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Jim Watts, a senior engineer at a major global company, has been working in a foreign country all of 2016. He was paid in local currency, FC. One FC S0.3. The currency fluctuated in 2016 for each of the four quarters and it was increased by 6.2, 5.9,4.2, and 3.8 percent respectively. This contracted salary for the year was that he would be paid 75,000 in FC per quarter What was his earnings in S for 2016?
As per the local currency, his earnings in S for 2016 is 90,209.21
Currency refers to a system of money that is used as a medium of exchange for goods and services in a country or region.
Jim Watts, a senior engineer at a major global company, was working in a foreign country all of 2016. In this foreign country, he was paid in a local currency called FC.
The exchange rate between FC and the standard currency (S) was 0.3 S per FC. The currency fluctuated in 2016, meaning that its value changed throughout the year.
The same process can be applied to calculate the salary in S for each of the four quarters. The currency increased by 5.9% in the second quarter, which means that the value of the FC increased by 0.059 * 0.3 = 0.00177 S per FC. Therefore, Jim's salary in S for the second quarter is
=> 22,500 + 22,500 * 0.00177 = 22,539.25 S.
In the third quarter, the currency increased by 4.2%, which means that the value of the FC increased by 0.042 * 0.3 = 0.00126 S per FC. Therefore, Jim's salary in S for the third quarter is
=> 22,500 + 22,500 * 0.00126 = 22,567.30 S.
Finally, in the fourth quarter, the currency increased by 3.8%, which means that the value of the FC increased by 0.038 * 0.3 = 0.00114 S per FC. Therefore, Jim's salary in S for the fourth quarter is
=> 22,500 + 22,500 * 0.00114 = 22,592.70 S.
To calculate Jim's total earnings in S for 2016, we need to add up the salary in S for each quarter.
Therefore, Jim's total earnings in S for 2016 is
=> 22,509.86 + 22,539.25 + 22,567.30 + 22,592.70 = 90,209.21 S.
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how to calculate the percentage change in each of the following examples using the mid-point method.
The percentage changes in each of the examples using the mid-point method are 8 to 12: 40%, 18 to 14: -25%, 130 to 120: -8%, and 95 to 105: 10%.
The mid-point method is a way to calculate the percentage change between two values. It involves using the average of the two values as the base for the calculation. The formula for the mid-point method is:
Percentage Change = (New Value - Old Value) / ((Old Value + New Value) / 2) * 100
a. 8 to 12:
The mid-point is (8 + 12) / 2 = 10
Percentage Change = (12 - 8) / (10) * 100 = 40%
b. 18 to 14:
The mid-point is (18 + 14) / 2 = 16
Percentage Change = (14 - 18) / (16) * 100 = -25%
c. 130 to 120:
The mid-point is (130 + 120) / 2 = 125
Percentage Change = (120 - 130) / (125) * 100 = -8%
d. 95 to 105:
The mid-point is (95 + 105) / 2 = 100
Percentage Change = (105 - 95) / (100) * 100 = 10%
Complete question:
Calculate the percentage change in each of the following examples using the mid-point method. Instructions: Round your answers to the nearest whole number. If you are entering a negative number be sure to include a negative sign (-) in front of that number. a. 8 to 12: percent b. 18 to 14: percent c. 130 to 120: percent d. 95 to 105: percent
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Assume a country produces haircuts and shirts with inputs of labour. The country has 1000 hours of labour available. A haircut requires ½ hour of labour, while a shirt requires 5 hours of labour.
a. Construct country’sproduction- possibility frontier. (2 marks)
b. The country is faced with massive unemployment. How will the PPF be impacted? Explain and indicate on graph.( 1mark)
c. The country discovers new technology and moves towards automation. Justify how this will impact the PPF for the economy. Also, indicate the same through the graph.
To construct the country's production possibility frontier, we need to find the maximum number of haircuts and shirts that can be produced with 1000 hours of labour.
What is Production possibility ?According to the equation below, there can be created a certain number of haircuts:Haircuts = Hours per haircut / Labor Available
Haircuts is 1000 / 0.5, or 2000.
According to the following equation, there can be created a certain number of shirts:Shirts equal labour available / shirt hours
1000 shirts / 5 = 200
With haircuts on the x-axis and shirts on the y-axis, we can then plot the points on a graph. The greatest number of haircuts and shirts that can be produced with the labour that is available is represented by the production possibility frontier, which is the line connecting the points.To know more about Production Possibility , check out :
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The company's adjusted trial balance includes the following accounts balances: Cash, $15,000; Equipment, $85,000; Accumulated Depreciation, $25,000; Accounts Payable, $10,000; Retained earnings, $59,000; Dividends, $2,000; Fees Revenue, $56,000; Depreciation Expense, $25,000; and Salaries Expense, $23,000. All accounts have normal balances. Prepare the third closing entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns.
The third closing entry is as follows
income summary: $8,000 debit
retained earnings: $8,000 credit
What is the third closing entry?The Income Overview account is closed to Retained Earnings with the third entry. The adjusted trial, which is supplied in the query itself to reset the balances of temporary accounts, provides the information required to produce closing entries.
Beginning retained earning balance + net income - dividends paid equals ending retained earnings balance. Retained earnings would rise as a result of revenues, whereas retained earnings would fall as a result of expenses.
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accounts payable makes up 29% of total liabilities in year one. this is an example of vertical analysis.
When the accounts/bills payable of a firm are a forming part of the 29 percentage of its total liabilities in one year, then it may be held as an example of a vertical analysis.
The accounts payable of a firm may be ideally understood as the bills or accounts on which the company owes a liability to the account holders within the regular course of operations during a particular accounting period. When they are taken into interpretation, they become a forming part of the vertical analysis of an accounting firm.
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Complete question
FILL IN THE BLANKS. Accounts payable makes up 29% of total liabilities in year one. This is an example of ______ analysis.
T/F if the cost of production per unit goes down as the quantity produced increases, small producers can be at a great cost disadvantage.
True. If the cost of production per unit decreases as the quantity produced increases, it means that there are economies of scale at play.
Economies of scale refer to the cost advantages that larger companies have over smaller ones due to their ability to produce goods at a lower cost per unit. In this case, small producers may not be able to achieve the same cost savings and therefore may have a higher cost per unit. This puts them at a disadvantage compared to larger producers and can make it difficult for them to compete in the market. As a result, small producers may face challenges in staying in business and may be forced to exit the market. If the cost of production per unit decreases as the quantity produced increases, it means that there are economies of scale at play.
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According to Mr. Wheeler, Accountants look through the rear view mirror and the Finance team looks through the windshield.TrueFalse
The statement according to Mr. Wheeler, Accountants look through the rear view mirror and the Finance team looks through the windshield is false. A finance team is a department within your company that manages all tasks associated with the financial health of your business.
A finance team typically oversees a wide range of duties, including Accountants, recordkeeping, office work, and cash flow. The following are some of the traditional goals of the finance department: consolidation of financial data and adherence to accounting and financial standards ensuring that strategic planning procedures are carried out correctly. the capacity of the business to maximise profits to determine its profitability.
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calculate the absolute and percentage change in the percent of unrestrained passenger vehicle fatalities. include appropriate units. write a sentence to interpret each result.
The percentage change of 33.33% in the percent of unrestrained passenger fatalities from 2018 to 2019 indicates that the rate of increase in the number of fatalities was 33.33% higher in 2019 compared to 2018.
Percentage change is a useful tool to measure how much a value has changed over time. It can be expressed in absolute or relative terms.
Let's say we have data for the year 2018 and 2019, and the percent of unrestrained passenger vehicle fatalities for 2018 was 30% and for 2019 was 40%.
Absolute change = 40% - 30% = 10%
This means that the number of unrestrained passenger fatalities increased by 10% from 2018 to 2019.
Percentage change = (Change in Value / Original Value) * 100
Percentage change = (10% / 30%) * 100 = 33.33%
This means that the percent of unrestrained passenger fatalities increased by 33.33% from 2018 to 2019.
The absolute change of 10% in the percent of unrestrained passenger fatalities from 2018 to 2019 indicates that there was an increase of 10% in the number of fatalities in 2019 compared to 2018.
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Tyrese has been in the same job for over four years and doesn't seem to have any interest in advancing within the company. According to the job characteristics theory, adding more variety and autonomy to Tyrese's job would likely not increase his job satisfaction because he lacks strong
The work characteristics hypothesis states that Tyrese has significant growth need strength, so adding more diversity and autonomy to his employment is unlikely to improve his level of job satisfaction.
Growth Need Strength is typically characterized as the need or desire to grow via one's job; when this need is met, "growth pleasure" might ensue. Positive higher-order needs can be satisfied through creativity, according to some researchers.
Employees with high growth potential are more proactive, value learning and personal progress highly, and hence want more interesting and demanding work. It gauges how much a worker values professional development opportunities. The model also assumes that the jobholder possesses the necessary information, talents, and skills to complete the task.
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Fill in the blanka landlord who rents five or more units in one building should provide a written cost of repairs within ____ days of the tenant vacating.
The answer is 30 days. A landlord who rents five or more units in one building should provide a written cost of repairs within 30 days of the tenant vacating.
If the building or facility consists of five or more units, the landlord must send the tenant a written statement of the material damage to be repaired and the expected repair costs within 30 days of the tenant moving out.
The written repair cost must include an estimate of the cost of materials, labor and other costs associated with the repair. The owner must also provide a schedule showing when the repairs will be completed.
The tenant must be able to choose a workshop. If the renter chooses a contractor, the lessor must provide a written agreement setting out the responsibilities of both parties.
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product-oriented processes will define all of the sub-phases and deliverables associated with the project management life cycle phase.
The correct option is E. Product-oriented processes will define all of the sub-phases and deliverables associated with the evaluate project success project management life cycle phase.
Management is the administration of an enterprise, whether or not it's miles a commercial enterprise, a nonprofit agency, or a central authority body. it is the art and technology of coping with sources of the commercial enterprise. management is how businesses arrange and direct workflow, operations, and personnel to satisfy business enterprise goals. The number one intention of control is to create a surrounding that lets employees work successfully and productively.
The easy means of management is performing things properly. management means organizing and coordinating a commercial enterprise's sports to reap unique targets. In other words, management is making plans, organizing, controlling, and main a business enterprise to achieve its specific goals. control has exceptional factors. Managers are essential for any organization to acquire its goals. they're the spine of any agency, and their position is to ensure that the whole thing runs smoothly inside the enterprise. The success or failure of an organization relies upon how well its managers handle their obligations.
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Complete Question:
Product-oriented processes will define all of the sub-phases and deliverables associated with the ______ project management life cycle phase.
a) conceptualize and initialize the project
b) develop the project charter and plan
c) execute and control
d) close the project
e) evaluate project success
The need for operational management to adopt systems approach will require which of the following?A. StandardizationB. Supply chainC. Logistics managementD. Operations managers
The correct answer is "A. Standardization."
Operational management can benefit from adopting a systems approach, which means viewing a business as a set of interrelated and interdependent components that work together to achieve a common goal. The need for operational management to adopt a systems approach will require standardization, which involves establishing consistent procedures and processes across the organization. This helps ensure that all components of the system work together smoothly and efficiently, improving the overall performance of the organization.
Supply chain, logistics management, and operations managers are all important components of an operational management system, but standardization is the key factor that enables the adoption of a systems approach in operational management.
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The economic success of businesses such as the British South Africa Company was in part dependent on which of the following developments in the late nineteenth century? A) The migrations of indentured workers from Asia B) The increasing availability and variety of consumer goods C) The development of new technologies such as the telegraph
The economic success of businesses such as the British South Africa Company was in part dependent on C)the development of new technologies such as the telegraph in the late nineteenth century.
The telegraph allowed for more efficient communication, which facilitated the flow of goods and information, making it easier for businesses to expand their operations and reach new markets. This was especially important for businesses that were operating in remote areas, such as the British South Africa Company, which was involved in colonial expansion and exploitation of resources in Africa.
The availability and variety of consumer goods and the migrations of indentured workers from Asia were also significant developments in the late nineteenth century, but the development of the telegraph had a more direct impact on the success of businesses such as the British South Africa Company.
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Which definition of states a partnership in which two or more companies often from different countries join to undertake a major project?
The type of partnership in which two or more companies often from different countries join to undertake a major project is Joint Venture.
What is a Joint Venture ?A joint venture is a business agreement in which two or more companies or individuals come together to jointly undertake a specific project or business activity. In a joint venture, the partners share the resources, risks, and profits of the project.
The partners typically have a specific goal or objective for the joint venture and work together to achieve that goal. Joint ventures can take various forms and can be established for a limited time or for the long-term.
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Suppose that the number of customers that enter a bank in an hour is a Poisson random variable, and suppose that P(X =0) = 0.02.
i. What is the probability that at most one person enter the bank in one hour?
ii. Determine the mean and standard deviation of X
i. [tex]P(X < = 1) = P(X = 0) + P(X = 1) = 0.02 + e^-λ * (λ^1)/1! = 0.02 + e^-λ * λ[/tex] If X represents the number of customers entering the bank in an hour, and X follows a Poisson distribution with parameter λ, then P(X = 0) = 0.02.
To find the probability that at most one person enters the bank in an hour, we can calculate the sum of the probabilities for X = 0 and X = 1:
[tex]P(X < = 1) = P(X = 0) + P(X = 1) = 0.02 + e^-λ * (λ^1)/1! = 0.02 + e^-λ * λ[/tex]
ii. The mean of a Poisson distribution is equal to λ. So, the mean of X is λ. The standard deviation is equal to the square root of the mean, so the standard deviation of X is sqrt(λ).
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Acme Enterprises issued 10,000 shares of $0.10 par value common stock for $20,000 in cash. The journal entry to record this transaction will include a ______.
a. credit to Notes Payable of $20,000
b. credit to Additional Paid-in Capital of $19,000
c. credit to Cash of $20,000
d. credit to Common Stock of $1,000
e. debit to Cash of $20,000
f. credit to Common Stock of $20,000
The journal entry to record this transaction will include b. credit to Additional Paid-in Capital of $19,000, d. credit to Common Stock of $1,000 and e. debit to Cash of $20,000.
A journal entry is used to record a business transaction in a company's accounting records. A journal entry is often recorded in the general ledger; however, it may also be entered in a subsidiary ledger before being summarized and rolled forward into the general ledger.
The general ledger is then utilized to generate the company's financial statements. A journal entry is used to record every business transaction in at least two places (known as double entry accounting).
When you make a cash sale, for example, you raise both the revenue and cash accounts. Alternatively, if you purchase products on credit, this boosts both the accounts payable and inventory accounts.
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report simulation about a bike company life cycles analysis
The Environmental Management System ISO 14000's Life Cycle Assessment (LCA) tool was chosen as a method to assess how much energy is consumed and how that affects the environment over the course of a motorcycle's life cycle.
What is meant by a Life Cycle ?When the biological context is obvious, a biological life cycle (or plain life cycle or lifecycle) is a series of form changes that an organism goes through before returning to the initial condition.
The idea is similar to those of the life history, development, and ontogeny, but it varies from them in that it emphasizes renewal. Growth, reproduction, or reproduction can all result in changes in shape.
In some organisms, the species' various "generations" succeed one another as they progress through their life cycles.
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political and economic theories that advocate for people as a whole rather than private individuals to work and operate are called?
Socialism is a social and economic doctrine that calls for public alternatively than personal possession or manage of property and herbal resources. According to the socialist view, folks do now not stay or work in isolation but live in cooperation with one another.
What are the political and economic theories?The political monetary concept explores the relationship between a government and its human beings owing to enacted public policies. The quite a number ideologies of political economic idea are marxism, economic nationalism, and liberalism. The learn about of political financial systems encompasses socialism, communism, and capitalism.
What is a political economic and social theory?Political economic system is a social science that research production, trade, and their relationship with the law and the government. It is the learn about of how financial theories have an effect on exceptional socio-economic systems, such as socialism and communism, along with the creation and implementation of public policy.
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https://brainly.com/question/30324329#SPJ4For tax purposes, how is the compensation paid to an S corporation shareholder like compensation paid to an owner of an entity taxed as a partnership? How is it different?
The compensation paid to an S corporation shareholder is similar to that of an owner of an entity taxed as a partnership.
In that both owners receive compensation for services rendered in the form of wages, salaries, or other payments for services.
The difference between the two is that the compensation for an S corporation shareholder is subject to payroll taxes, such as Social Security and Medicare taxes, whereas the compensation for a partner in a partnership is not subject to payroll taxes.
Also, the amount of compensation paid to an S corporation shareholder must be reasonable in relation to the services provided, while there is no such requirement for partners in a partnership.
Finally, the compensation paid to an S corporation shareholder is subject to the same tax rates as regular income, while the compensation paid to a partner in a partnership is allocated differently.
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The price level, the inflation rate, and the dollar wage that a person earns are all examples of _____ variables.
A. real
B. nominal
C. binary
D. independent
The price level, the inflation rate, and the dollar wage that a person earns are all examples of B. nominal variables.
Nominal variables refer to variables that are not adjusted for inflation and are expressed in current dollars. The price level, the inflation rate, and the dollar wage that a person earns are all examples of nominal variables because they are expressed in current dollars and are not adjusted for inflation.
Real variables, on the other hand, are variables that are adjusted for inflation and reflect the purchasing power of money. For example, real GDP, real wages, and real interest rates are all real variables.
Binary variables, in contrast, take on only two values, such as 0 or 1, true or false, or yes or no.
Independent variables are variables that are used to predict the value of other variables and are not affected by the other variables in the model. In econometrics, for example, independent variables are often used to explain the behavior of dependent variables, such as consumer spending or investment.
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For each of the five transactions described below, use the dropdown boxes to indicate which account should be debited and which account should be credited.
Lubricating oil, waste cotton, and solder are used in the factory.
For each of the accounting transactions given above, the manufacturing overheads of the firm will be debited, whereas, the raw materials account will be credited.
The accounting transactions are to be taken into consideration as such transactions that affect the accounting entries of a firm for a given period. Each accounting transaction has an equal and opposite debit as well as a credit effect. The debit and credit effects of the above accounting transactions have already been mentioned as above.
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Complete question
For accounting transaction described below, indicate which account should be debited and which account should be credited.
Transaction- Lubricating oil, waste cotton, and solder are used in the factory
Discuss 15 ways of using comparative advantage theory to solve the economic Crisis in ghana
The fifteen ways to solve the economic crisis using comparative advantage theory in Ghana are stated below.
What are the fifteen ways to solve the crisis in Ghana?1. Promote specialization: The government can encourage specialization and boost the effectiveness of its economy by identifying areas of comparative advantage.
2. Fostering commerce: Ghana may grow its markets and get access to a broader range of goods and services, increasing its competitiveness, by embracing trade and lowering trade barriers.
3. Promoting education and training: Ghana can expand its human capital and improve its position to benefit from its comparative advantages by investing in education and training.
4. Infrastructure development can increase Ghana's competitive advantage by making it easier for firms to operate and conduct trade. Examples of improved infrastructure include roads, ports, and telephones.
5. Promoting international investment: Foreign investment can help Ghana increase its comparative advantage by bringing in money, technology, and expertise.
6. The economy can become less reliant on a few important sectors by diversifying, which makes it less susceptible to outside shocks.
7. Supporting small and medium-sized businesses (SMEs) can increase Ghana's comparative advantage by serving as a source of innovation and entrepreneurship.
8. Tax reform: Simplifying and lowering tax rates can make Ghana's economy more competitive and strengthen its comparative advantage.
9. Enhancing the business climate: Ghana can increase its competitive advantage and draw in more investment by making it simpler to launch and operate a firm.
10. Encourage entrepreneurship: Ghana can improve its competitiveness and capitalize on its comparative advantage by fostering entrepreneurship and innovation.
11. Tourist promotion: By strengthening its tourism sector, Ghana may take advantage of an expanding global market and strengthen its competitive advantage.
12. Updating the agricultural sector: Ghana may boost its competitiveness and benefit from its comparative advantage by modernizing its agriculture sector.
13. Developing the mining industry: Ghana can benefit from its natural resources and strengthen its comparative advantage by developing its mining industry.
14. Intellectual property protection: Ghana may become more competitive and capitalize on its comparative advantage by safeguarding its intellectual property.
15. Enhancing access to finance: Ghana can support its firms, boost its competitiveness, and benefit from its comparative advantage through improving access to credit.
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per unit fixed costs are only valid at one volume. per unit variable costs are only valid at one volume. fixed costs should only be put on a per unit basis when making a special order decision. putting fixed costs on a per unit basis makes it appear that they are variable costs.
Per unit fixed costs are only valid at a specific volume, and per unit variable costs are only valid at a specific volume as well. Fixed costs, such as rent and salaries, remain constant regardless of the volume of production, while variable costs, such as raw materials and direct labor, change with the volume of production.
Putting fixed costs on a per unit basis can be misleading, as it may suggest that they are variable costs that change with the volume of production. This is why it's generally recommended to only put fixed costs on a per unit basis when making a special order decision, in which case the information about the cost structure can be useful in evaluating the profitability of a specific order.
In general, it's important to understand the cost structure of a company and to differentiate between fixed and variable costs in order to make informed decisions about production and pricing.
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Fair Value Accounting for Debt Investments (HTM, TS, and AFS) On July 1, 2022, Watson paid $42 million for bonds of Carnes Inc; the bonds have a face value of $58 million. The coupon rate on the bonds is 5% and the market rate of interest was 7% at the time of purchase. The bonds pay interest every June 30 and December 31. The market value of the bonds was $45 million at the end of 2022. Watson accounts for investments using the net method.
REQUIRED:
a) Assume that the bonds are held-to-maturity securities, prepare the journal entries for Watson Corporation to record the acquisition of the bonds on July 1 and the required entries on December 31 (the fiscal year end for Watson Corporation).
b) Assume that the bonds are held as trading securities, prepare the journal entries for Watson Corporation to record the acquisition of the bonds on July 1 and the required entries on December 31 (the fiscal year end for Watson Corporation).
c) Assume that the bonds are held as available-for-sale securities, prepare the journal entries for Watson Corporation to record the acquisition of the bonds on July 1 and the required entries on December 31 (the fiscal year end for Watson Corporation).
Use Straight-line amortization method
The straight-line amortization method is a method of calculating the periodic reduction of an asset value or the periodic recognition of an expense over a set period of time.
a) Held-to-Maturity Securities:
Debit: Cash $42 million
Credit: HTM Investment in Bonds $42 million
Debit: Interest Receivable $58 million x 5% / 2 = $1.45 million
Credit: Cash $1.45 million
Log Entries for Discount Amortization on December 31:Debit: Discount on HTM Bonds $16 million ($58 million - $42 million) / 2 = $8 million
Credit: Interest Receivable $8 million
Debit: HTM Investment in Bonds $8 million
Credit: Discount on HTM Bonds $8 million
b) Trading Securities:
Debit: Cash $42 million
Credit: Trading Securities $42 million
Debit: Cash $58 million x 5% / 2 = $1.45 million
Credit: Interest Revenue $1.45 million
Debit: Trading Securities $3 million ($45 million - $42 million)
Credit: Unrealized Gain/Loss $3 million
c) Available-for-Sale Securities:
Debit: Cash $42 million
Credit: AFS Investment in Bonds $42 million
Debit: Cash $58 million x 5% / 2 = $1.45 million
Credit: Interest Revenue $1.45 million
Debit: Unrealized Gain/Loss $3 million
Credit: AFS Investment in Bonds $3 million
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From the list on your right select the letter that contains the word, phrase, name, etc that best matches the word, phrase, name, etc listed on the left Utity - A. A consumer can increase her utility by reallocating some of her income from good 2 to good 1. :Marginal Utility (MU) - B. An example of diminishing marginal utility The Law of Diminishing Marginal Utility - C. An increase in the price of one or both goods while income is constant. A budget constraint - D. An increase in the wage rate decreases hours of work Equimarginal principle - E The total utility gained from consuming a good or service starts to decline (diminish) immediately after the 1st unit. MU MUz Pr - F. All the possble combinations of goods and services that Ms. Addis' family can buy with her after tax annual income of $64,000. The budoet constraint line shifts to the left - G. Intertemporal budget constraint Backward-bending segment of the labor supply curve Making - H. A consumer who spends all his income on these two goods can increase utility by buying more of good 2 and less of good 1 Making choices for both the present and the future (across time) - I.Change in Total Utilinyand can be pesitive, zero, or negatives Change in Quantity K MU MU P2 MU ..where P Price Pr L An increase in incomer M.A subjective measure of the level of satisfaction one derives from consuming a good or service. Change in Tot al Utility and is always positive Change in Quantity N.A customer who fries op of ice cream instead of a 3rd cup of French - J The additional utility from the 1 slice of pizza> the additional utility from the 2d slice of pizza> the additional utiity from the 3d slice of pizza..
The word, phrase, name, etc that best matches the word, phrase, name, etc listed on the left would be based on their corresponding values.
Utility - M. A subjective measure of the level of satisfaction one derives from consuming a good or service.
Marginal Utility (MU) - E. The total utility gained from consuming a good or service starts to decline (diminish) immediately after the 1st unit.
The Law of Diminishing Marginal Utility - B. An example of diminishing marginal utility
A budget constraint - F. All the possible combinations of goods and services that a consumer can buy with their income.
Equimarginal principle - H. A consumer who spends all their income on these two goods can increase utility by buying more of good 2 and less of good 1
MU MUz Pr - J. The additional utility from the 1st slice of pizza is greater than the additional utility from the 2nd slice of pizza, which is greater than the additional utility from the 3rd slice of pizza.
The budoet constraint line shifts to the left - C. An increase in the price of one or both goods while income is constant.
Intertemporal budget constraint - I. Making choices for both the present and the future (across time)
Backward-bending segment of the labor supply curve - D. An increase in the wage rate decreases hours of work
Making - H. A consumer who spends all their income on these two goods can increase utility by buying more of good 2 and less of good 1
Change in Total Utilinyand can be positive, zero, or negative - N. A customer who tries a 2nd cup of ice cream instead of a 3rd cup of French fries.
Change in Quantity - K. Change in Total Utility and can be positive, zero, or negative
Change in Tot al Utility and is always positive - L. An increase in income
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which statement best explains why a large number of agricultural products are imported into the united states from chile?
The cost of production is diminished by Chile's expensive work. the top commodities of American agribusiness are grains and feeds, soybeans, steers items, tree nuts, natural products, vegetables, and other green merchandise.
Comparable farming strategies, like the development of wheat in China and the US, are commonly upheld by midlatitude conditions. Reasonable work in Chile diminishes the expense of creation. The organizations of creation and circulation have become more productive.
Business cultivating alludes to rural practices where harvests and creatures are raised for benefit. Ranchers develop immense lots of land with critical hardware usage since they should deliver a high volume of food.
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Which of the following statements about Zipcar illustrates how marketing can help to enrich society?
a. One of Zipcar's core missions is to "exchange the world through urban and environment transformation
b. Zipcar focuses on creating a convenient experience for its members
c. Zipcar has become the world's largest car-sharing service
d. Zipcar's fleet comprises Audi, BMW, Ford, Honda, Nissan, and Toyota
d. Co-founders Robin Chase and Antje Danielson were inspired by the success of Europe's car sharing service
The statement A: "One of Zipcar's core missions is to "exchange the world through urban and environmental transformation" illustrates how marketing can help to enrich society.
By promoting environmentally-friendly and sustainable practices, Zipcar is helping to address important social and environmental issues, such as reducing traffic congestion and reducing carbon emissions.
Through its marketing efforts, Zipcar is able to raise awareness about the benefits of car sharing and encourage individuals to adopt more sustainable transportation habits. This not only benefits the environment but also contributes to the creation of more livable, healthy, and vibrant communities. By aligning its business goals with broader social and environmental objectives, Zipcar is an example of how marketing can be used to create positive social impact.
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Is the classical school includes system theory and situational theory
Answer:
Explanation:
No, the classical school does not include system theory and situational theory. The classical school is a school of thought in criminology that focuses on punishing behavior by using deterrence and incapacitation. This school of thought does not include system theory and situational theory, which focus on the broader context of an individual's behavior and how it is affected by the environment.
To convert cash receipts from customers to revenue on an accrual basis, which of the following adjustments is necessary?A.Add ending Accounts Receivable. B.Subtract ending Unearned Service Revenue. C.Subtract beginning Accounts Receivable. D.All of these answer choices are correct.
To transform consumer cash receipts into revenue on an accrual basis. Add ending Accounts Receivable, subtract ending Unearned Service Revenue, and subtract starting Accounts Receivable. Here option D is the correct answer.
Adding ending Accounts Receivable: Accounts Receivable is a liability account that represents money owed to a business by its customers. When a business receives cash from a customer, it increases both cash and Accounts Receivable. To convert cash receipts to revenue on an accrual basis, the ending balance of Accounts Receivable must be added to revenue.
Subtracting ending Unearned Service Revenue: Unearned Service Revenue is a liability account that represents money received by a business for services that have not yet been provided. To convert cash receipts to revenue on an accrual basis, the ending balance of Unearned Service Revenue must be subtracted from revenue.
Subtracting beginning Accounts Receivable: The beginning balance of Accounts Receivable represents money owed to a business from its customers at the start of a period. To convert cash receipts to revenue on an accrual basis, this amount must be subtracted from revenue.
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