Answer: It will decrease the supply
Explanation:
From the question, we are informed that in order to create a healthcare safety net, the government requires employers to provide healthcare coverage to all employees. Due to this, there will a rise in the number of hospital beds that will be required to cover for more people.
Since there is an increase in demand, there will be a reduction in supply in the short run as the increase in demand will be more than the supply of bed.
Glenn is an accountant who races stock cars as a hobby. This year Glenn was paid a salary of $83,000 from his employer and won $2,300 in various races. What is the effect of the racing activities on Glenn's taxable income if Glenn has also incurred $4,500 of hobby expenses this year?
Question 10 of 10
Harland just got his second major credit card, so his credit score rose from
671 to 711. According to the following table for a $150,000 mortgage, how
much less per year would Harland have to pay on a $150,000 mortgage with
the new credit score?
FICO
score
720-850
Interest
rate
5.59%
Monthly
payment
$860
700-719
5.71%
$872
$924
675-699
6.25%
7.40%
620-674
560-619
500-559
8.53%
$1039
$1157
$1238
9.29%
Answer: 2004
Explanation:
When the demand is equal or lower than the minimum efficient scale, multiple production facility locations are preferred. True False
Answer:
True
Explanation:
Last year, Big W Company reported earnings per share of $2.70 when its stock was selling for $40.50. If its earnings this year increase by 10% and the P/E ratio remains constant, what will be the price of its stock?
Answer: $44.55
Explanation:
P/E ratio last year = Market price / Earnings per share
= 40.50/2.70
= 15
PE ratio remains constant.
Earnings increase by 10% = 2.70 * 1.10 = $2.97
15 = Market Price / 2.97
Market Price = 15 * 2.97
= $44.55
During the taking of its physical inventory on December 31, Barry's Bike Shop incorrectly counted its inventory as $222,138.00 instead of the correct amount of $184,409.00. The effect on the balance sheet and income statement would be:______.
a. assets overstated by $52,094.00; retained earnings understated by $52,094.00; and net income statement understated by $52,094.00.
b. assets overstated by $223,182.00; retained earnings understated by $171,088.00; and no effect on the income statement.
c. assets, retained earnings, and net income all overstated by $52,094.00.
d. assets and retained earnings overstated by $171,088.00; and net income understated by $223,182.00.
Answer:
c. assets, retained earnings, and net income all overstated by $37,729.
Explanation:
since the ending inventory was overstated by $222,138 - $184,409 = $37,729, it means that cost of goods sold was understated by that same amount. Since COGS were less, that resulted in higher operating income and net income.
Merchandise inventory will be overstated by $37,729 (current asset), while retained earnings will also be overstated by $37,729 since net income increases retained earnings.
Because price and quantity supplied are directly related, we would expect the sign of the price elasticity of supply to be:_________
Answer:
Positive
Explanation:
Price elasticity is the measure to assess the responsiveness of the supply of a good or service after changing the price of the good or service.
According to basic principles of economics, the price and supply of good or services are directly proportional, it means that if the price increases the supply of good increases and vice versa. The sign of the price elasticity will be positive because they are directly related.
Form example
At Price $5 supply is 200 units
At price $6 supply 250 units
Calculate the change in price and change in supply as well.
Cange in price = ($6 - $5) / 5 = 0.2 = 20%
Cange in supply = 250 units - 200 units = 50 units / 200 unit = 0.25 = 25%
Price elasticity of supply = Change in supply / Change in price
Price elasticity of supply = 25% / 20%
Price elasticity of supply = 1.25
Hence, the sign is positive
Mary's team is located in different countries. Because of the time zone differences, it is difficult for the team to meet all together so their meetings are conducted ________.
Answer:
Asynchronously
Explanation:
With regards to the above, the meeting would be conducted asynchronously due to the different time zone in each team member's country. What this means that the meeting will not be taken place at the same time or in a real time due to the differences in time zones.
Where a meeting is conducted asynchronously, such would be easy to schedule because attendees would have to adjust their own time unlike synchronous meeting where everyone would be expected to clear their schedule for a specific time to hold the meeting.
On June 1 of the current year, Cross Corp. issued $300,000 of 8% bonds payable at par with interest payment dates of April 1 and October 1. In its income statement for the current year ended December 31, what amount of interest expense should Cross report?
a. $14,000.
b. $6,000.
c. $12,000.
d. $8,000.
Answer: amount of interest expense Cross should report =a. $14,000.
Explanation:
interest expense = Principal( Face value) x Rate x period( Time)
Carrying value of the bond ( face value ) =$300,000
Rate= 8%
year ended on December, therefore The interest expense recorded would be for four months ( From June 1 to December 31 )
Therefore the Interest Expense = $300,000 x 8% x 7/12
= $300,000 x 0.08 x 7/12
= $168,000/12
$14,000
The amount of interest expense Cross should report at the current year end is $14,000
Question 3 of 10
When a nation's standards of financial reporting are transparent and effective:
OA. citizens tend to have greater confidence in the economy.
B. businesses are unable to foster good relationships with
customers
DC. businesses in the country tend to lose profits and resources.
OD. the country's laws can be more easily violated.
Answer:
A. citizens tend to have greater confidence in the economy.
Explanation:
When a nation's standards of financial reporting are transparent and effective, by extension, the citizens tend to have greater confidence in the economy.
This is because when the government are transparent about the financial affairs of the nation, the citizens are confident in the economy
Which secondary effect of advertising refers to a change in the customer’s opinion of the product over a period of time?
Given the following data:
Net sales $430,000
Cost of goods sold $80,000
Gross profit $350,000
Operating expenses $50,000
Net income $300,000
In vertical analysis, net income would be expressed as: (Round your final answer to the nearest whole percent)
A. 12%.
B. 81%.
C. 70%.
D. 19%
Answer:
C. 70%.
Explanation:
Calculation for the net income
Using this formula
Net income=Net income/Net Sales
Let plug in the formula
Net income= $300,000/ $430,000
Net income=70%
Therefore the net income would be expressed as 70%
if we say local materials
Xtron has few rules and procedures and prides itself on empowering lower-level employees to be nimble and responsive to its customers' rapidly changing needs. Xtron would be best described as a(n) ______ organization.
Answer:
Organic
Explanation:
From the question, we are informed about Xtron who has few rules and procedures and prides itself on empowering lower-level employees to be nimble and responsive to its customers' rapidly changing needs. In this case Xtron would be best described as a organic organization.
Organic organizations, which was set up by Tom Burns and G.M. Stalker arround 1950, organic organization can be regarded as organization that is can be embrace flexibility and have the potential to adapt well to changes, they also have
value external knowledge.
A provider of oil for home heating systems is offering $100 off its first delivery to new customers. This is an example of which sales promotion tactic?
a. Contest
b. Free gift with purchase
c. Bonuses
d. Push money
Answer:
b. Free gift with purchase
Explanation:
The promotion tactic that the provider is trying to use is a Free gift with purchase. This is because by making your first every purchase the company is basically gifting you a certain amount of money through a discount of your purchasing total. Companies tend to do this in order to attract customers through the enticement of free money or products/gifts. They are able to do this because a single purchase will make them more profit than they are wasting on the gift and can lead to recurring customers.
An early 1970s government study ("Work in America") identified three chief sources of worker dissatisfaction. Which of the following is one of those sources?
Answer:
The right approach is "The rigidity of rules and regulations".
Explanation:
Laws, as well as regulations throughout the red tape, are also rigid as well as unyielding. Clear, simple to comprehend. Because once we speak about administrative management, there have been many disadvantages to something like the mere implementation of that kind of principle to administer any organization.Maybe that's why the aforementioned is indeed the easiest alternative.
When reflecting upon the newer generation, each older generation says the same thing:
Answer:
live long boomers
Explanation:
Swift Co. produces footballs. It incurred the following costs this year:
Direct materials $35,000
Direct labor 31,000
Fixed manufacturing overhead 22,000
Variable manufacturing overhead 38,000
Fixed selling and administrative expenses 23,000
Variable selling and administrative expenses 14,000
What are the total product costs for the company under variable costing?
Total product costs under variable costing $ _
Answer:
Total variable cost= $104,000
Explanation:
Giving the following information:
Direct materials $35,000
Direct labor 31,000
Variable manufacturing overhead 38,000
The variable costing method incorporates all variable production costs (direct material, direct labor, and variable overhead).
Total variable cost= 35,000 + 31,000 + 38,000
Total variable cost= $104,000
If the abnormal return for a stock during the first week is +5 percent and +3 percent during the second week, what is the abnormal return for the two-week period?
A) 5 percent
B) 3 percent
C) 8.15 percent
D) 8 percent
Answer:
C) 8.15 percent
Explanation:
The computation of the abnormal return for the two week period is as follows:
Abnormal return is
= (1 + first week abnormal return) × (1 + second week abnormal return) - 1
= (1 + 5%) × (1 + 3%) - 1
= 1.0815% - 1
= 8.15%
Hence, the correct option is c.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
mr kleaners acquired new industrial washing mavhine,the list price price of which was 52000.the supplier allowedva tade discount of 4000 off the list price.on delivery the cost of installing the machine in its desire location was 950
what is the cost if machine to be capitalised in the machinery account
Answer:
I think its $48,950.
Explanation:
you subtract 4,000 from 52,000 which is 52,000 - 4,000 = 48,000.
then you will add that extra $950 getting you a total of $48,950.
if I'm wrong I'm sorry I'm not that good at math.
Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $1,600 account of a customer, C. Green. On March 9, it receives a $1,100 payment from Green.
1. Prepare the journal entry or entries for January 31
2. Prepare the journal entry or entries for March 9; assume no additional money is expected from Green.
Answer: Please see explanation for answers
Explanation:
1. Journal entry to record bad debt on January 31st
Date Account Titles and Explanation Debit Credit
Jan. 31st Allowance for doubtful account $1,600
Account receivables ( Customer C. Green) $1.600
2. Journal entry to record recovery of bad debt on March 9
A) To reinstate Amount previously written off
Date Account Titles and Explanation Debit Credit
March 9 Account receivables ( Customer C. Green) $1,100
Allowance for doubtful account $1,100
B) To record payment of account
Date Account Titles and Explanation Debit Credit
March 9 Cash $1,100
Account receivables( Customer C. Green) $1,100
an increase In long run aggregate supply can be expected to _______ the price level and ______ the natural rate of unemployment.
Answer:
fall is the answer for both blanks
The money lost by not working is called
it's called bankrupt
How much interest does a $407 investment earn at 6% over seven years?
Answer:
$170.94
Explanation:
interest is calculate using the formula
I= p x r x t
where p = principle amount: $407
r = interest rate: 6% or 0.06
t= time: 7 year
I= $407 x 0.06 x 7
I= $24.42 x 7
I= $170.94
The stable and predictable base of deposited funds that are not highly sensitive to movements in market interest rates but tend to remain with the bank are called:
Answer:
Core deposits.
Explanation:
The stable and predictable base of deposited funds that are not highly sensitive to movements in market interest rates but tend to remain with the bank are called core deposits.
Basically, this type of deposit gives rise to a stable source of money (funds) used for lending by financial institutions such as banks to its customers. Core deposits include all active accounts by customers, certificate of deposits, money market deposits, time deposits, demand deposits, etc.
The main purpose of the core deposits is to ensure there are predictable costs and it can be used to measure a customer's loyalty.
A stock just paid an annual dividend of $1.8. The dividend is expected to grow by 8% per year for the next 3 years. The growth rate of dividends will then fall steadily (linearly) from 8% after 3 years to 5% in year 6. The required rate of return is 12%.
1. What is the current stock price if the dividend growth rate will stay 0.05 (5%) forever after 6 years?
2. In 6 years, the P/E ratio is expected to be 23 and the payout ratio to be 80%. What is the current stock price when using the P/E ratio?
Answer:
1.
The current stock price is $28.71
2.
The current stock price is $149.15
Explanation:
1.
We need to calculate the present value of the dividends with each growth
First calculate the dividend each year
Year _________________________ Dividend
1 _____( $1.8 x ( 1 + 8% )^1__________ $1.9440
2_____( $1.8 x ( 1 + 8% )^2__________ $1.1664
3_____( $1.8 x ( 1 + 8% )^3__________ $2.2675
4_____( $2.2675 x ( 1 + 7% )________ $2.4262
5_____( $2.4262 x ( 1 + 6% )________ $2.5718
6_____( $2.5718 x ( 1 + 5% )_________ $2.7004
Calculate the present value of each years dividend
Year _________________________ present value
1 _____( $1.9440 / ( 1 + 12% )^1 __________ $2.1773
2_____$1.1664 / ( 1 + 12% )^2___________ $0.9298
3_____$2.2675 / ( 1 + 12% )^3___________$0.7118
4_____$2.4262 / ( 1 + 12% )^4___________$1.5419
5_____$2.5718 / ( 1 + 12% )^5___________ $1.4593
6_____$2.7004 / ( 12% - 5% ) / ( 1 + 12% )^5_$21.8897
Total _____________________________ $28.7098
Hence priec of the stock is $28.71
2.
First calculate dividend of Year 6
Dividend = EPS x Payout ratio = 23 x 80% = $18.40
Present value = $18.4 / ( 12% - 5% ) / ( 1 + 12% )^5 = $149.15
Knight Corp. obtained land by issuing 3,000 shares of its $10 par value common stock. The land was recently appraised at $72,000. The common stock is actively traded at $25 per share. When recording the acquisition of the land, what amounts will be recorded in the Land and Common Stock accounts?
Answer: See explanation
Explanation:
From the question, we are informed that Knight Corp. obtained land by issuing 3,000 shares of its $10 par value common stock and that the land was recently appraised at $72,000 while the common stock is actively traded at $25 per share.
When recording the acquisition of the land, what amounts will be recorded in the Land and Common Stock accounts goes thus:
Debit: Land 3000 × $25 = $75000
Credit: Common stock = 3000 × $10 = $30,000
Therefore, the amount that will be recorded in the Land is $75000 and Common Stock accounts is $30000
If an economy experiences deflation, then the overall price level is increasing. the aggregate price level is declining. the aggregate price level is rising, but not as quickly as it did in the previous year. the prices of all goods in the economy are decreasing. the prices of consumer goods are decreasing while the prices of raw materials are increasing.
Answer:
If an economy experiences deflation, then
the prices of all goods in the economy are decreasing.
Explanation:
Generally, deflation is an economic condition whereby there is a decrease in the general price level of goods and services. As the opposite of inflation, deflation occurs when the inflation rate falls below 0%. During deflation, consumers spend less money on goods and services because of the decreasing demand. This demand drop with increasing supply leads to a general decline in prices, with organizations trying to sell off their inventory.
Answer:
C. An aggregate price level is declining.
Explanation:
literally doing this same assignment right now in ECON2301, C was the right answer on mine
In U.S. price support programs, the "loan rate" is:______.
a. determined by Federal Reserve policy.
b. the interest rate a farmer must pay if he borrows from the government with his crop as collateral.
c. the difference between the market price and the target price.
d. the proportion of the farmer's crop he can loan to the government.
e. the effective price (i.e. price floor) for the commodity to ensure loan repayment.
Answer: E. the effective price (i.e. price floor) for the commodity to ensure loan repayment
Explanation:
The Price Support Programm is a policy by the government that is used in order to help farmers when there's a reduction in prices of agricultural products by giving out insurance to the farmers.
In U.S. price support programs, the "loan rate" is simply the effective price (i.e. price floor) for the commodity to ensure loan repayment.
You are a U.S. investor who purchased British securities for 2,340 pounds one year ago when the British pound cost $1.52. No dividends were paid on the British securities in the past year. Your total return based on U.S. dollars was __________ if the value of the securities is now 2,440 pounds and the pound is worth $1.61.
a. 16.7%.
b. 20.0%.
c. 12.5%.
d. n/a.
Answer:
d. n/a
Explanation:
Calculation for Your total return based on U.S. dollars
Total return=(2,440 pounds*$1.61)- (2,340 pounds*$1.52)/ (2,340 pounds*$1.52)
Total return=$3,928.4-$3,556.8/$3,556.8
Total return=$371.60/$3,556.8
Total return=0.1045*100
Total return=10.45%
Therefore Your total return based on U.S. dollars was 10.45%