Answer:
the total amount owed to general unsecured creditors is $71,000
Explanation:
The computation of the total amount owed to general unsecured creditors is shown below:
= Account payable + wages payable + taxes payable + interest on note payable + interest on bond payable
= $40,000 + $6,000 + $12,000 + $5,000 + $8,000
= $71,000
hence, the total amount owed to general unsecured creditors is $71,000
The same is to be considered
11. Your bank pays 2.5% interest per year. You put $1000 in the bank today and $500 more in the bank in one year. How much will you have in the bank in 2 years?
Answer:
Total FV= $1,563.13
Explanation:
Giving the following information:
Interest rate= 2.5% = 0.025
Number of periods= 2 years
To calculate the future value (FV), we need to use the following formula on each deposit:
FV= PV*(1+i)^n
FV1= 1,000*(1.025^2)= 1,050.63
FV2= 500*(1.025^1)= 512.5
Total FV= $1,563.13
if GDP in government spending Remains the Same and alpetra is a closed economy what is the change in investment
Answer:
No change
Explanation:
The complete question is "The fictional country of Alpetra increases the income tax rate so that tax revenues increase by $50 million. If GDP, consumption, and Government spending remains the same and Alpetra is a closed economy, what is the change in investment?"
The closed economy equilibrium is at: Y = C + I + G. Where Y = Real GDP, C = Consumption, I = Investment and G = Government spending.
The Y, C, G are constant so the investment is not changed. I = Y - C - G. So, this is the same before-tax and after-tax change.
GenCorp. has a total debt of $370 million and stockholders' equity of $291 million. It also has 108 million shares outstanding, with a market price of $2 per share. What is GenCorp's market debt-equity ratio
Answer:
1.71
Explanation:
Gencorp's Market debt equity ratio is calculated as;
= Total debt ÷ (Market price per share × Outstanding shares)
Given that;
Total debt = $370 million
Market price per share = $2
Outstanding shares = 108
Therefore, Gencorp's Market debt equity ratio
= $370 million ÷ ($2 × 108)
= $370 million ÷ $216 million
= 1.71
How would a sale of $400 of inventory on credit affect the balance sheet if the cost of the inventory sold was $160
Answer:
the journal entries used to record this transaction are:
Dr Accounts receivable 400
Cr Sales revenue 400
Dr Cost of goods sold 160
Cr Inventory 160
This transaction will increase net income, which increases retained earnings by $240. It will also increase assets by $240, since accounts receivable increases by $400, but inventory decreases by $160.
- Interest: A sum fetched a total simple interest of $ 4016.25 at the rate of 9 %.p.a. in 5 years. What is the sum?
Answer:
$8,925
Explanation:
Calculation of simple Interest is by the formula
I= P x r x t
Where I = Interest
p= principal
r= interest rate
t= time in years
In this case
I=$4016.25
p=???
r= 9% or 0.09
t=5 year
Therefore;
$4016.25= P x 0.09 x 5
$4016.25 = P0.45
P=$4016.25/0.45
P=$8,925
The principal is $8,925
______ organizational structures are best suited for environments that range from stable and simple to low-moderate uncertainty.
Answer: Mechanistic
Explanation:
The organizational structures that are best suited for environments that range from stable and simple to low-moderate uncertainty are referred to as the mechanistic organization.
A mechanistic organization is simply referred to as an organization that has a is highly specialized and there are also several layers of management with centralized decision making. It is bureaucratic and it is also hierarchical.
define the various technologies that are emerging as noted in the article. Note how these emerging technologies are impacting organizations and what organizations can to do to reduce the burden of digitalization.
Answer:
Biometric
Robotics
Big data
AI technology
Virtual business process
Explanation:
There are many technologies that are emerging everyday. We are in an era where there is new thought to digitalization every hour. The experts have paced their work to contribute towards digitalization and make the business process easier. The business process has been eased but there are many impacts that an organization has to face for digitalization. There is robotics and many employees has been made redundant due to robotics as the robots perform tasks better than human and they do not need any breaks.
Artificial intelligence is also one the impact that modern day businesses face. There are decision making process which is now converted to AI and reliance is made on their results. Instead of analyses by employees and company management complete reliance is placed on AI.
A large retail store is experiencing huge problems with high turnover among its sales associates. Interviews with employees who have quit their jobs has revealed that low pay, a lack of opportunities for advancement, and high stress were the main reasons why sales associates were quitting. The store manager decided that she wanted to hire a consultant to help the company to reduce employee turnover. This store manager needs to hire a consultant who specializes in _______.
Answer:
Human resource management
Explanation:
Human resource management refer to managing the human resource. In this there are various functions like recruitment & selection, training & development etc
Since in the question it is mentioned that interview was conducted with the employees who quit their jobs due to less pay, lacking of opportunities so in order to decrease the turnover of the employees she would like to hire the consultant so the consultant should be specialized in human resource management
Therefore the same is relevant
Elijah currently has six strollers that he purchased for $235 each and four cribs that he purchased for $450 each on the floor of his baby supply store. He also has three strollers and two cribs in his storeroom. Using the weighted average cost method, what is the cost of each item being sold at Elijah's baby supply store?
a. $364.00
b. $342.50
c. $32100
d. $301.15
Answer:
c. $321.00
Explanation:
Particulars Unit price Units Total(Unit price*Unit)
Six strollers $235 6 $1,410
Four cribs $450 4 $1,800
Total 10 $3,210
Weighted average price = Total cost/Total unit
Weighted average price= $3210/10
Weighted average price = $321
Personal Taxes$23 Net Private Domestic Investment33 Net Exports6 National Income278 U.S. Exports20 Gross Private Domestic Investment56 Disposable Income220 Taxes on Production and Imports32 Undistributed Corporate Profits15 Proprietors' Income45 Net Foreign Factor Income0 Statistical Discrepancy0 Refer to the accompanying national income data. All figures are in billions of dollars. U.S. imports are Multiple Choice $26. $16. $24. $14.
Answer:
the U.S imports are $14 billion
Explanation:
The computation of the U.S imports are as followS:
As we know that
Net Exports = Total value of Exports - Total value of Imports
$6 billions = $20 billions - Imports
So,
Total value of Imports is
= $20 billions - $6 billions
= $14 billions
Hence, the U.S imports are $14 billion
Therefore the last option is correct
Which option should be used to commit a record in an Access table?
A. Press Esc.
B. Select Undo.
C. Press Ch+Z.
D. Move to a new record.
Answer: D
Explanation:
According to the Microsoft support website, "Move the cursor to another record to commit your changes to the database or press Shift+Enter. By default, the quotation marks disappear."
A zero-coupon bond has a face value of $21,000 and a maturity of 8 years. Similar bonds have an interest rate of 5% per year. What is the price of this bond
Answer:
Zero-cupon bond= $14,213.63
Explanation:
Giving the following information:
A zero-coupon bond has a face value of $21,000 and a maturity of 8 years. Similar bonds have an interest rate of 5% per year.
To calculate the price of the bond, we need to use the following formula:
Zero-cupon bond= [face value/(1+i)^n]
Zero-cupon bond= [21,000 / (1.05^8)]
Zero-cupon bond= $14,213.63
Personal Consumption Expenditures$4,500 Consumption of Fixed Capital150 Gross Private Domestic Investment800 Government Purchases950 Exports65 Imports85 Refer to the accompanying data about a hypothetical economy (in billions of dollars). GDP in this economy is Multiple g
Answer:
The GDP in this economy is $6,230 billion.
Explanation:
The GDP can be calculated using the following formula:
Y = C + I + G + (X - M) ....................................... (1)
Where:
Y = GDP of the economy
C = Personal Consumption Expenditures = $4,500
I = Gross Private Domestic Investment = $800
G = Government Purchases = $950
X = Exports = $65
M = Imports = $85
Substituting the values into equation (1), we have:
Y = $4,500 + $800 + $950 + ($65 - $85)
Y = $6,250 - $20
Y = $6,230
Since the figures are in billions of dollars, the GDP in this economy is therefore $6,230 billion.
Ethical analysis precedes law when it is the basis for creation of a law.
Select one:
O True
© False
Answer:
True
hope this helps you
________ is the process of identifying suitable candidates and encouraging them to apply for job openings in the organization.
Answer:
Recruitment
Explanation:
Companies or organizations goes through the process of looking for candidates that best suites the vacant position in their organization ; hence encouraging such candidates to apply.
When there are openings in an organization, usually, lots of people would like to fill in such opening , but as an organization with a focus for hiring best hands, it is normal for them to ask for candidates that are qualified for such vacant position. The process of identifying suitable candidates and encouraging them to apply for a vacant post or job openings in an organization is called recruitment.
Demand determines price entirely when A) demand is downward sloping. B) demand is perfectly inelastic.
Answer:
C) supply is perfectly inelastic.
Explanation:
In the case when the supply is perfectly non-elastic so the demand would measures the price entirely that means it calculated the overall price at the time when there is a perfectly non-elastic supply
So according to the given scenario the option c is correct
And, the rest of the options are incorrect
So the same is relevant
Jackson Implements, Inc. uses straight-line depreciation for an item of equipment that cost $135,000, had a salvage value of $15,000, and had a six-year useful life. Determine the amount of depreciation to be charged against the machine during each of the six years of its useful life using straight line depreciation. Group of answer choices $15,000 $25,000 $20,000 $18,000
Answer:
the depreciation that should be charged over the useful life each year is $20,000
Explanation:
The computation of the depreciation expense using the straight line method is shown below:
= (Purchase cost of an equipment - residual value) ÷ (useful life)
= ($135,000 - $15,000) ÷ 6 years
= $120,000 ÷ 6 years
= $20,000
hence, the depreciation that should be charged over the useful life each year is $20,000
Consumers have been buying fewer CDs as downloadable music has become easier to purchase and use. We would represent this as
Answer:
a leftward shift of the demand curve for CDs.
Explanation:
Most economists use the aggregate demand and aggregate supply model primarily to analyze short-run fluctuations in the economy.
This simply means that, whatever makes the factors of production such as, land, labor, entrepreneurship, capital, or efficiency to either go up or down would certainly result in fluctuations in the economy of a particular country.
Aggregate supply (AS) refers to the total quantity of output (goods and services) that firms are willing to produce and sell at a given price in an economy at a particular period of time.
Aggregate demand (AD) can be defined as the total quantity of output (final goods and services) that is demanded by consumers at all possible price levels in an economy at a particular time.
On a standard Aggregate demand (AD)-Aggregate supply (AS) curve, the y axis denotes the Price (P) of goods and services while the x axis typically denotes the Output (Q) of final goods and services.
In the short-run, a rightward shift in the aggregate supply (AS) curve causes output to increase and result in a price fall (lower price) while a rightward shift in the aggregate demand (AD) curve also cause output to increase and rise in prices.
In this scenario, consumers have been buying fewer CDs as downloadable music has become easier to purchase and use. We would represent this as a leftward shift of the demand curve for CDs.
Cycle time is computed as A. daily operating time divided by the product of desired output and the sum of job times B. the product of desired output and the sum of job times divided by daily operating time C. daily production time available divided by the desired number of outputs D. desired output divided by the daily operating time
Answer:
C. daily production time available divided by the desired number of outputs
Explanation:
For example, a factory produces 1,000 units per day, and the total amount of production time available in all the stations is 2,000 minutes. The total amount of available minutes is measured by summing the 5 stages of the production process.
The cycle time = 2,000 available minutes / 1,000 units = 2 minutes per unit
What is the difference between compounding (the determination of future value) and discounting (the determination of present value)
Answer:
Compounding is the addition of the Interests to the Present Value to arrive at the Future Value. While discounting is the deduction of interest charges from thee Future Value to arrive at the Present Value.
Explanation:
Compounding is the addition of the Interests to the Present Value to arrive at the Future Value. While discounting is the deduction of interest charges from thee Future Value to arrive at the Present Value.
Use the IPMR data (In $Millions) to answer the question below. BCWS BCWP ACWP BAC EAC 7 6 6 10 10 Calculate the Schedule Performance Index (SPI). Based on the SPI: a. The contractor seems inefficient in terms of schedule. b. The contractor seems efficient in terms of schedule. c. The contractor will meet their Estimate at Completion (EAC) of 10. d. The contractor has finished 85% of the work.
Answer:
a. The contractor seems inefficient in terms of schedule.
Explanation:
Schedule Performance Index (SPI) = Budgeted Cost of Work Performed(BCWP ) / Budgeted Cost of Work Scheduled(BCWP)
Schedule Performance Index (SPI) = 6/7
Schedule Performance Index (SPI) = 0.85
So, based on the SPI, the contractor seems inefficient in terms of schedule as the Index is less than 1
Hyde's Headphones sells deluxe headphones for $75 each. Unit variable expenses total $45. The breakeven sales in units is 2,400 and budgeted sales in units is 4,200. What is the margin of safety in dollars
Answer:
$135,000
Explanation:
Calculation for What is the margin of safety in dollars
First step
2,400 x $75
= $180,000
4,200 x $75
= $315,000
The margin of safety $315,000 - $180,000
The margin of safety = $135,000
Therefore the margin of safety in dollars is $135,000
Advise the management of ABC Ltd.
about the various groups that can
be created in an organisation
= Effective group, Formal group, Informal group
Explanation:
Effective group, Formal group, Informal group is the correct answer
The management of ABC Ltd. can create various groups in an organization like Effective group, Formal group, Informal group .
What is an organization?An organization refers to a collection of people, who are involved and work together in pursuing or achieving a defined objectives. It is a type of social system which comprises human relationships in a forma manner.
In organization there is division of work among employees and the tasks are given so that the ultimate goal of the company or an organization can be achieved.
An organization has a proper hierarchy of people and follow a proper formal structure to achieve the goals of the organization.
The management of ABC Ltd. can create various groups in an organization like Effective group, Formal group, Informal group .
Learn more about organization here:
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If the current market rate of interest is 8%, then the present value of this timeline is closest to:
Answer:
$857
Explanation:
Calculation for the present value
Using this formula
Present value = FV / (1+ r)^ n
Let plug in the formula
Present value= 1,000 / (1+.08)^2
Present value= 1,000 / (1.08)^2
Present value= 857.34
Present value=$857 (Approximately)
Therefore the Present value is $857
Cherokee Inc. is a merchandiser that provided the following information:
Amount
Number of units sold 12,000
Selling price per unit $16
Variable selling expense per unit $2
Variable administrative expense per unit $2
Total fixed selling expense $21,000
Total fixed administrative expense $13,000
Beginning merchandise inventory $10,000
Ending merchandise inventory $22,000
Merchandise purchases $87,000
Required:
a. Prepare a traditional income statement.
b. Prepare a contribution format income statement
Answer:
Part a.
Traditional income statement.
Sales ($16 x 12,000) $192,000
Less Costs of Sales
Beginning merchandise inventory $10,000
Add Merchandise purchases $87,000
Less Ending merchandise inventory ($22,000) ($75,000)
Gross Profit $117,000
Less Expenses
Variable selling expense per unit ($2 x 12,000) ($24,000)
Variable administrative expense per unit ($2 x 12,000) ($24,000)
Fixed selling expense ($21,000 )
Fixed administrative expense ($13,000)
Net Income $35,000
Part b.
Contribution format income statement
$35,000
Sales ($16 x 12,000) $192,000
Less Variable Costs
Cost of Goods Sold :
Beginning merchandise inventory $10,000
Add Merchandise purchases $87,000
Less Ending merchandise inventory ($22,000) ($75,000)
Variable selling expense per unit ($2 x 12,000) ($24,000)
Variable administrative expense per unit ($2 x 12,000) ($24,000)
Contribution $69,000
Less Fixed Costs
Fixed selling expense ($21,000 )
Fixed administrative expense ($13,000)
Net Income $35,000
FlybynightSavings is offering a savings account that pays 32% compounded continuously. How much interest would a deposit of $2,000 earn over 10 years
Answer: $47,065.06
Explanation:
When interest is compounded continuously, the formula is:
Future value = Principal * e^(rate * time period)
= 2,000 * e⁰.³² ˣ ¹⁰
= $49,065.06
Amount of interest earned:
= $49,065.06 - 2,000
= $47,065.06
1.Economics is the study of ____________________ and _________________________.2.What is opportunity cost
Answer: See explanation
Explanation:
Economics is the study of human behavior and also how resources are allocated in the society. Economics studies the reason for the behavior in the individuals, firms or government when certain situations happen in the economy.
Opportunity cost is refered to as n alternative cost that's, the cos if what we forgo when we make an alternative decision. For example, if I purchase a book for $20, the opportunity cost is something else that I could have used the $20 for.
Which accounting assumption or principle is being violated if a company reports its corporate headquarter building at its fair value on the balance sheet
Answer:
Historical cost
Explanation:
The historical cost principle is an accounting principle that states that an asset, liability or equity should be recorded at the cost it took to purchase the asset, liability or equity. The asset should be recorded at historical cost no matter the change in the value of the asset, liability or equity.
For example, if a car was purchased by a company at the cost of $50,000 in December 2020. If by January 2021, the asset now costs $55,000. The asset should still be recorded in the balance sheet of the company at $50,000
The asset, liability or equity can be recorded at fair value in the case of acquisition of the company or sale of the asset, liability or equity
What will be the level of interest rate, i, if investment at 0 interest is $16 million and the coefficient of invest, I, equals 0.4.
Answer:
The right solution is "16 +0.4r". A further explanation is given below.
Explanation:
The given values are:
Autonomous investment,
I = 16 million
Coefficient of investment,
g = 0.4
As we know,
Economy's investment function will be:
⇒ [tex]I(r) = I + gr[/tex]
On substituting the given values, we get
⇒ [tex]=16+0.4r[/tex]
Julio Company purchased a $200,000 machine that has a four-year life and no salvage value. The company uses straight-line depreciation on all asset acquisitions and is subject to a 30% tax rate. The proper cash flow to show in a discounted-cash-flow analysis as occurring at time 0 would be: $50,000. $(200,000). $(35,000). $(140,000). $15,000.
Answer:
$(200,000)
Explanation:
The cash flow to be shown in year is the initial investment outlay incurred prior to the commencement of the project since a new investment opportunity like this is seen as a project from which future cash flows are expected.
The amount expended today to ensure is $200,000 which would be shown in the discounted-cash-flow analysis as negative $200,000 because it is an outflow rather than an inflow that would have assumed a positive sign