Milea Inc. experienced the following events in Year 1, its first year of operations. Received $20,000 cash from the issue of common stock. The ending cash balance is $63,500.
Milea Inc.
Income Statement
For the Year Ended December 31, 2016
Service revenue $ 56,000
Operating expenses
Utilities expense $2,500
Salaries expense 10,000 (12,500)
Net income $43,500
Milea Inc.
Statement of Changes in Stockholders' Equity For the Year Ended December 31, 2016
Beginning common stock $0
Common stock issued 20,000
Ending common stock $ 20,000
Beginning retained earnings $0
Net Income 43,500
Dividends (2,000)
Ending retained earnings 41,500
Total stockholders' equity $61,500
Milea Inc.
Balance Sheet As fo December 31, 2016
Assets
Cash $ 63,500
Accounts receivable 8,000
Total assets $71,500
Liabilities and Stockholders' Equity
Liabilities
Salaries payable $10,000
Stockholders' Equity
Common stock $ 20,000
Retained earnings 41,500 61,500
Total liabilities and stockholders' equity $71,500
Milea Inc.
Statement of Cash Flows
For the Year Ended December 31, 2016
Cash flows from operating activities: $ 48,000
Cash receipt from customer (2,500)
Net cash flow from operating $ 45,500
cash flows from financing activities:
Cash payment for utilities expense $ 20,000
Cash payment for dividend (2,000)
Net cash flow from financing activities
Cash receipt from issuing common stock 18,000
Net increase in cash 63,500
Beginning cash balance ----
Ending cash balance $63,500
To know more about cash flow:
https://brainly.com/question/30066211
#SPJ4
Sandy, a line manager on the production floor at Oakway Industries, is an entry-level manager. Sandy has a strong commitment to the Oakway's vision and mission. She has good relationships with workers on her line as well as with employees throughout Oakway. Sandy is able to make decisions on the fly to keep the line moving, and other line managers often ask for her help in troubleshooting different situations. Which of the following best characterizes Sandy?
- Sandy is assuming inappropriate responsibility considering her position in the firm.
- Sandy is likely to be promoted into an upper-management position where she would become a strategic leader.
- If Sandy were using these same skills to determine strategy, perhaps in the finance department rather than on the production line, she would be considered a strategic leader.
- Sandy is a strategic leader.
Sandy is a strategic leader ,is the characterizes of Sandy.
What is a strategic leader?Strategic leadership is the capacity to persuade people to make voluntary choices that improve the organization's chances for long-term success while preserving short-term financial stability. Different leadership styles have an influence on an organization's potential performance as well as its vision and growth path. All CEOs require the abilities and resources for developing and putting into practise strategies in order to successfully manage change. [1] Strategic leadership offers techniques that focus organisations when they are deciding on their purpose and best business practises, which are crucial for remaining competitive and relevant. Managing change and ambiguity requires strategic leaders who are able to build ownership and alignment within their workgroups to implement change.To learn more about strategic leader refer to:
brainly.com/question/28429127
#SPJ4
Other line managers frequently want Sandy's assistance in fixing various circumstances since she has the decision-making skills necessary to keep the line moving. Sandy is a strategic leader ,is the characterizes of Sandy.
What is a strategic leader?
Strategic leadership is the capacity to persuade people to make voluntary choices that improve the organization's chances for long-term success while preserving short-term financial stability. Different leadership styles have an influence on an organization's potential performance as well as its vision and growth path. All CEOs require the abilities and resources for developing and putting into practice strategies in order to successfully manage change. Strategic leadership offers techniques that focus organizations when they are deciding on their purpose and best business practices, which are crucial for remaining competitive and relevant.
Managing change and ambiguity requires strategic leaders who are able to build ownership and alignment within their workgroups to implement change.
To learn more about strategic leader refer to:
brainly.com/question/28429127
#SPJ4
Use the cost information below for laurels company to determine the cost of goods manufactured during the current year: direct materials used $ 5,300 direct labor 7,300 total factory overhead 5,400beginning work in process 3,300 ending work in process 4,600Multiple choice:$18.000$14.500$16.700$12.600$19.300
(B) $14.500 Is the correct answer for the cost of goods sold.
In order to compute the cost of goods sold (COGS), one must first determine the value of storage at the start of the study period, then add the cost of any new items acquired throughout the study period, and then deduct the value of inventory held there at end of the study period.
The cost of goods sold formula can be expressed simply as follows: Starting inventory + purchases ending inventory = cost of goods. The formula COGS = Beginning Material + Additional Inventory - Final Inventory can be used to compare inventory at the beginning and end of a given period to determine the value of the goods sold.
The total sum that your company spent on expenses directly associated with the selling of goods is known as the cost of goods sold. Depending on your line of work.
Learn more about the Cost of goods sold here:
https://brainly.com/question/30206711
#SPJ4
The correct choice is option B i.e $14.500 Is the right response when referring to cost of products sold.
The value of storage at the beginning of the study period must be calculated in order to calculate the cost of goods sold (COGS). Next, the cost of any new items purchased during the study period must be added, and finally, the value of inventory held there at the conclusion of the study period must be subtracted.
The method for calculating cost of goods sold is as simple as starting inventory plus purchases plus ending inventory Equals cost of goods. the equation When comparing inventory at the start and end of a particular period, one may utilise
COGS = Beginning Material + Additional Inventory - Final Inventory to calculate the worth of the commodities sold.
The cost of goods sold is the entire amount your business spends on costs directly related to the sale of items. Depending on the profession.
For such more question on products sold
https://brainly.com/question/29355586
#SPJ4
which of the following are likely to be accomplished with financial planning? multiple select question. outcome certainty exploring options avoiding surprises perfect forecasts
Avoiding surprises and exploring options are more likely to be achieved through financial planning.
The task of determining how a business will afford to achieve its strategic goals and objectives is known as financial planning. Typically, a company develops a Financial Plan immediately after establishing its vision and objectives.
A written financial plan provides you with a measurable goal to work toward. Because you can track your progress, you can eliminate doubt or uncertainty about your decisions and make adjustments to help you overcome potential roadblocks.
A financial plan is sometimes referred to as an investment plan, but in personal finance, a financial plan can focus on other areas such as risk management, estate planning, college planning, or retirement planning.
Learn more about " financial planning " to visit here;
https://brainly.com/question/21780268
#SPJ4
fill in the blank question. a loss from the sale of an investment would be (added/subtracted) to (from) net income when computing cash flows from operations, using the indirect method.
A loss from the sale of an investment would be added to (from) net income when computing cash flows from operations, using the indirect method.
What does "net income" mean in this context?
Your net income is the amount you keep after taxes and other withholdings are taken out of your paycheck. Net income for businesses is the money left over after covering all necessary business costs.
What is net or gross income?
The salary of an employee is referred to as their "gross pay" before any payroll deductions are made for taxes, benefits, and other costs. The amount that is left over after all deductions have been made is referred to as net pay, often known as take-home pay.
Net income is the amount that remains after deducting costs, interest, and taxes from revenue. "Net income" is another word for income, and it refers to the total earnings after all applicable deductions and taxes.
Learn more about net income
brainly.com/question/20938437
#SPJ4
how much consumer and installment debt do your parents owe? this includes car loans, credit cards, appliance loans, etc. it does not include mortages or other debt already reported on this application. requested by: harvard college
Rethinking is the business practice of recruiting a party outside an organization to perform benefits or make merchandise that were customarily acted in-house by the organization's own representatives and staff.
A decent scorecard is an essential administration execution metric that helps organizations distinguish and work on their interior tasks to help their outside results. It estimates past execution information and furnishes associations with criticism on the most proficient method to settle on better choices later on.
A statement of purpose is utilized by an organization to make sense of, in straightforward and brief terms, its purpose(s) for being. It is generally one sentence or a short passage, making sense of an organization's way of life, values, and morals.
To learn more about business practice here:
https://brainly.com/question/20461628
#SPJ4
How would you make a formula Links to an external site. = SUM (C2: C40) would get caught in the column, but would it change the line reference when dragging it?
Group of answer choices
= SUM (C2: C40)
= SUM ($ C $ 2: $ C $ 40)
= SUM ($ C2: $ C40)
= SUM (C $ 2: C $ 40)
Answer:= SUM (C2: C40)
= SUM ($ C $ 2: $ C $ 40)
= SUM ($ C2: $ C40)
= SUM (C $ 2: C $ 40)
Explanation:
The retail inventory method includes which of the following in the calculation of both cost and retail amounts of goods available for sale?
A. Purchase returns.
B. Sales returns.
C. Net markups.
D. Freight in.
The retail inventory technique takes Purchase Returns into account.
What is Purchase Returns?Beginning inventory and net purchases are calculated using the retail approach at both cost and retail. The ending inventory at cost is then calculated by applying the average relationship between cost and retail (based on the initial inventory and purchases) to the ending inventory at retail. Purchase returns lower net purchases both at cost and retail since they represent gross purchase amounts that cannot be sold.Depending on the seller's policies, a purchase return occurs when a buyer (either a business or an individual) returns products they purchased to the seller for a refund or store credit. As long as they comply with regional laws and the seller's return policy, the buyer may use a variety of justifications to make these returns. In the books, the purchase returns account typically has a credit balance. As a result, the debit balance will be applied to the purchasing account's credit balance.To learn more about Purchase Returns, refer to:
https://brainly.com/question/28931907
#SPJ4
ech solutions has contracted with a cell phone manufacturer to create a special chip to allow people to make banking transactions on their cell phones. tech solutions has contracted to sell 294,400 units. the selling price for the chip is $70 per unit. they need to decide which production process is best suited for the chip. to help accomplish this, the firm has gathered the following production cost data:
The profit is highest for Old Fab. Therefore, it is the best and the correct option is C.
What is profit?In accounting, a profit is an income that is distributed to the owner during a successful market production process (business). Profit is a metric of profitability, which is the owner's primary interest in the process of market production's income formation. There are numerous profit metrics that are frequently used.
Income generation and distribution must always be in balance for there to be any income formation in market production. Within the review period, the generated income is always distributed as economic value to the production's stakeholders. The profit is the portion of income creation that the owner is able to retain for themselves during the income distribution process. Because it means incomes and opportunities to expand production, profit is one of the primary sources of economic well-being.
Learn more about profit
https://brainly.com/question/15036999
#SPJ4
Complete question:
Why does the supply curve slope upward? To answer this question, use the choices below to identify the characteristics of an upward-sloping supply curve.
Choose matching definition
O Prices of other goods
Technology
Resource prices Number of producers
O increase the demand for Z
O By adding up the quantities supplied by all individual producers for each price
O Increasing opportunity costs, Increasing marginal costs
The reason that the supply curve slopes upward is an increase in opportunity costs and increased marginal costs. Hence, the correct option is (E).
Why Does the Supply Curve Slope Upwards?There are several factors that can cause the supply curve to slope upward. However, basically, the supply curve will slope upward when there is an increase in the price of an item and this will encourage companies to produce these goods in greater quantities with the aim of getting the biggest profit possible. An increase in marginal costs is one of the reasons for this change in supply because an increase in marginal costs will lead to an increase in the price of goods. As already explained, this increase in the price of goods will then encourage companies to increase their supply and the supply curve will slope upward.
The question is incomplete, but most probably your question was:
The reason that the supply curve slope upward is
A. Prices of other goods, technology
B. Resource prices, number of producers
C. Increase the demand for Z
D. By adding up the quantities supplied, by all individual producers for each price
E. Increasing opportunity costs, Increasing marginal costs
Learn more about the supply curve at https://brainly.com/question/11717727
#SPJ4
Using the examples from the videos, which of these types of loans require that the full principal be repaid at maturity (i.e., end of the loan period)? (check all that apply) A. Zero-coupon bond B. Coupon bond C. Mortgage loan D. Capital lease E. Bank loan
Option A, Zero-coupon bond, and E. Bank credit are the kinds of advances that expect that the full chief is reimbursed at development.
Regularly, both zero-coupon bonds and bank credits require full reimbursement of the head at development (end of the advance time frame).
Coupon bonds pay occasional interest installments and the chief is reimbursed at development, contracts are utilized to fund land buys and might be taken care of over a significant stretch of time, and capital leases are plans in which a tenant leases a resource and has the choice to buy it sometime in the future.
To learn more about the loans at
https://brainly.com/question/11794123?referrer=searchResults
#SPJ4
an example of a u.s. export is group of answer choices diamonds mined in africa sold to buyers in south america. matchbooks made in mexico sold to a buyer in new jersey. a tv made in china sold to a buyer in azerbaijan. pasta made in italy sold to buyers in spain. a washing machine made in indiana sold to a buyer in france.
An example of a u.s. export is -a washing machine made in indiana sold to a buyer in france.
Global export resident of another nation. While the foreign customer is an importer, the seller of these goods or the service provider is an exporter.Services such as financial, accounting, and other professional services, tourism, education, and intellectual property rights all play a role in international trade.Customs officials must frequently be involved in the export of goods.Dumping serves as the third justification for a tariff. Competitors may label dumping when a producer exports at a loss. Another situation is when an exporter charges less for a good in the export market than in its home market. [8] The objective and anticipated
To know more about export here
https://brainly.com/question/21897468
#SPJ4
According to the principle of comparative advantage, specialization and trade increase a nation's total output since:
Resources are directed to their highest productivity. According to the principle of comparative advantage, specialization and trade increase a nation's total output.
Using the idea of comparative advantage, a country that specializes in its comparative advantage in free trade may achieve larger output benefits by exporting the good in which it has a comparative advantage and importing the good in which it has a comparative disadvantage. Specialized economies have a comparative advantage in the production of a products or service. The capacity to produce an item or service at a lower marginal cost and opportunity cost than another good or service is referred to as comparative advantage. When nations specialize, this exchange generates trade profits. The advantages of specialization include the ability to generate a greater number of products and services, higher productivity, output beyond a country's production potential curve, and lastly, resources that can be produced.
learn more about trade here:
https://brainly.com/question/27622280
#SPJ4
which of the following is not required by the sarbanes-oxley act? group of answer choices publicly traded firms must not discharge employees who report ethical abuses. bank-holding companies and sec reporting banks must have codes of ethics. corporations must not provide financial loans to executives or directors. publicly traded firms must disclose whether they have a code of ethics for top executives.
Employees who disclose unethical behavior shall not be let go by publicly traded companies. C) Codes of ethics are necessary for banks that file reports with the SEC and bank holding corporations.
What are five key behaviors?
Employees who disclose unethical behavior shall not be let go by publicly traded companies. C) Codes of ethics are necessary for banks that file reports with the SEC and bank holding corporations. Trust, Conflict, Commitment, Accountability, and Results are the qualities of a successful team. In the model, every behavior supports and builds upon the ones that came before it. The team profile and facilitated program inform team members of their performance as individuals and as a unit and offer suggestions for improving team cohesion.
Know more about corporations visit:
https://brainly.com/question/14656092?
#SPJ4
In the context of salespeople being account team managers in their firms, it has been found that salespeople who try to sell a product alone ________.
In the context of salespeople being account team managers in their firms, it has been found that salespeople who try to sell a product alone have greater turnover intentions.
How does working as part of a team helps salespeople?Working as part of a team allows salespeople to share information and ideas, which can lead to more effective selling strategies. Team members can also provide support and motivation to each other, which can help to increase productivity and sales. Additionally, different team members may have unique skills and expertise that can be leveraged to improve the overall sales process.
Moreover, when salespeople work as part of a team, they can also be more effective in managing large or complex accounts, as they can divide the work and responsibilities among the team members, and can also have different team members specialized in different aspects of the account, making the selling process more efficient and effective.
To know more about turnover intentions, visit:
brainly.com/question/28448249
#SPJ4
on the 1040 sch 1 screen, the tax professional can enter into a field which of the following types of income or adjustment directly on the input screen?
If you have income that isn't included on the main 1040 form, you must declare it on Form 1040 Schedule 1. A few tax deductions are also claimed using it.
What is IRS Form 1040 Schedule 1?Form 1040 previously had multiple lines for reporting different forms of income, with a line for "Other Income" serving as a catch-all. This changed in 2018 when the IRS and the Treasury revised the form. Additionally, it had a number of lines for adjustments to income, commonly referred to as "above-the-line" deductions.Only a few lines in the new form of the tax return are available for taxpayers to declare the most typical types of income, including:WagesDividends as well as interestEarnings in retirementThe benefits of social securityEither a capital gain or lossThere is still a requirement to record any additional forms of income and income adjustments; they have just been transferred to Schedule 1.To Learn more About Form 1040 Schedule 1, Refer To:
https://brainly.com/question/26168226
#SPJ4
If you have income that isn't included on the main 1040 form, you must declare it on Form 1040 Schedule 1. A few tax deductions are also claimed using it.
What is IRS Form 1040 Schedule 1?
Form 1040 previously had multiple lines for reporting different forms of income, with a line for "Other Income" serving as a catch-all. This changed in 2018 when the IRS and the Treasury revised the form. Additionally, it had a number of lines for adjustments to income, commonly referred to as "above-the-line" deductions. Only a few lines in the new form of the tax return are available for taxpayers to declare the most typical types of income, including: Wages, Dividends as well as interest, Earnings in retirement, The benefits of social security, Either a capital gain or loss.
There is still a requirement to record any additional forms of income and income adjustments; they have just been transferred to Schedule 1.
To Learn more About Form 1040 Schedule 1, Refer To:
brainly.com/question/26168226
#SPJ4
Complete question
On the 1040 Sch 1 screen, the Tax Professional can enter into a field which of the following types of income or adjustment directly on the input screen? Unemployment compensation. Educator expenses. Business income. Other income.
use the following data to calculate the cost of goods sold for the period: beginning raw materials inventory $ 31,100 ending raw materials inventory 71,100 beginning work in process inventory 41,100 ending work in process inventory 47,100 beginning finished goods inventory 73,100 ending finished goods inventory 69,100 cost of goods manufactured for the period 247,100
cost of goods sold for the period is 251,1000
Explanation:
247,000 COGS = Beginning Finished Inventory + Cost of Goods Bought/Manufactured - Ending Finished Inventory is the cost of goods manufactured for the specified time period.73,100+247,000-69,100 = 251,000
Calculating inventory turnover, which demonstrates how frequently a company sells and replaces its inventory, also uses cost of goods sold.The cost of goods is estimated by subtracting the cost of producing or purchasing the items for the year from the cost of the inventory that remains at the end of the year.Your company can never turn a profit if your cost of goods sold is higher than the price you charge for your products.To learn more about cost of goods sold for the period refer to:
https://brainly.com/question/28798314
#SPJ4
fill in the blank. an important trend in securities is the increased use of ----- , which are securities whose values stem from the price of some other underlying asset. these securities can be used to reduce risks or to speculate. the purpose of a ----- operation is to reduce risk exposure.
The rising usage of derivatives, or securities whose values are based on the price of another underlying asset, is a significant development in the securities market.
On which market does a security trade the most frequently?Like everywhere else, India's primary and secondary markets operate as follows: While an investor buys shares or bonds once from a corporation in the primary market, they can buy and sell stocks and bonds an unlimited number of times between themselves in the secondary market.
Which two security market types are there?The primary and secondary markets for securities, where new securities are issued and acquired and sold, respectively, can be divided into two levels.
To know more about securities visit:
https://brainly.com/question/28070333
#SPJ4
Specializing and participating in international trade allows an economy to:
Specializing and participating in the international trade allows an economy to get more of desired good by sacrificing the greater amounts of some other good.
What is international trade?International trade is the exchange of goods and services between companies operating in different countries. Everything we purchase and exchange takes place on the global market, including consumer goods, raw materials, food, and machinery. Through international trade, it is possible to open new markets and gain access to products and services that could not otherwise be offered domestically. Global trade has made the market more competitive. In the end, a less priced product and more aggressive pricing benefit the consumer. The cost of a pair of sneakers that an American buyer may purchase at their local mall could therefore increase. For an American sneaker company with facilities in Malaysia, this could result in higher manufacturing costs.
To learn more about international trade, visit:
https://brainly.com/question/20344185
#SPJ4
Complete Question:
Specializing and participating In international trade allows an economy to: Check all that apply. Increase the quantities of capital and consumer goods available to society. get more of a desired good by sacrificing greater amounts of some other good.
mini case study reflect on a time when you experienced a different culture or interacted with some one from a different culture. how did the cultural differences influence your interaction
When traveling from one location to another, there is interaction with unknown strangers with different cultural backgrounds and communication took place between them.
What is culture?A culture is referred to as a set of beliefs, tradions, values, customs, and rituals, followed by an individual in a community in order to preserve their ancestor's belongings.
When interacting with poeple from different cultural backgrounds, knowledge, and ideas are shared with each other. Different cultures have different languages that exchange with one another and some of them also adopt in own culture.
Sometimes these cultural differences cause conflicts leading to miscommunication due to having differences in viewpoints of individuals and different goals.
Learn more about Culture, here:
https://brainly.com/question/17251800
#SPJ1
mexico encounters severe inflation the u.s. economy moves into a severe recession interest rates in the u.s. increase drug violence along the border reduces american tourism in mexico
The U.S. economy entering a deep recession, rising interest rates in the US, and Mexico experiencing high inflation might all have a detrimental influence on the Mexican economy.
Consumers' buying power may decline as a result of severe inflation due to rising prices for goods and services. Reduced consumer spending and sluggish economic growth may result from this. Given that the U.S. is one of Mexico's primary commercial partners, a severe recession in the United States might potentially have a detrimental effect on Mexico. A U.S. recession may result in less demand for Mexican exports, which may slow down Mexico's economic expansion and raise unemployment rates. In the United States, rising interest rates can also make borrowing more costly, which can inhibit investment and hamper economic development.
learn more about Mexico here:
https://brainly.com/question/28234116
#SPJ4
look at the figures below, which show the costs and benefits to voters garcia, johnson, and lee of two different public goods that the government will produce if a majority of voters support them. suppose that garcia, johnson, and lee have decided to have one single vote at which the funding for both of those public goods will be decided simultaneously.
In a democracy,each adult citizen must have the right to vote,and each vote must have equal value.
It expresses that individuals should have equal representation in voting.Quadratic voting works by allowing users to pay for additional votes on a given matter to express their support for a public good has two key characteristics it is nonexcludable and nonrivalrous.Nonexcludable means that it is costly or impossible for one user to exclude others from using a good.The two main criteria that distinguish a public good are that it must be non-rivalrous and non-excludable.Non-rivalrous means that the goods do not dwindle in supply as more people consume them non-excludability means that the good is available to all citizens.Examples of public goods.
To learn more about Quadratic voting please click on below link.
https://brainly.com/question/28270823.
#SPJ4
2. Choose a well-known company, and describe at least three qualities that you associate with that company or brand. Explain why you associate those qualities with that brand. (1-6 sentences. 3.0 points) TIP: This can be the same company you used in question 1 above, or it can be different.
Ebay is effective, secure, and beneficial. It is effective at helping you find anything you want to buy, safe due to the company's reputation, and also useful in the event that the client did not receive the item.
What do you mean by the brand?A brand is a good, service, or idea that is publicly set apart from similar ones. This makes it simple to convey and generally promote.
The process of developing and promoting a brand's name, attributes, and personality is known as branding. Both specific goods and services or ideas can be branded, as well as the complete corporate identity.
Therefore, Ebay is effective, secure, and beneficial. It is effective at helping you find anything you want to buy, safe due to the company's reputation, and also useful in the event that the client did not receive the item. If you still haven't received the merchandise, they offer an alternative where you can get a complete refund.
To know more about the brand, visit:
https://brainly.com/question/22068280
#SPJ1
fill in the blank. refer to exhibit 3-5. in the market shown, if equilibrium was originally at point v and is now at point z, the new equilibrium price is___it was originally and the new equilibrium quantity is___it was originally.
In the market shown, if equilibrium was originally at point v and is now at point z, the new equilibrium price is less than it was originally and the new equilibrium quantity is less than it was originally.
Equilibrium amount is while there's no lack or overflow of an item inside side the commercial center. Supply and call for cross, and that implies the amount of an article that clients need to look for is indistinguishable from the amount being outfitted through its producers. In various words, the commercial center has arrived at a super country of solidness as expenses balance out to in shape all gatherings. Essential microeconomic idea gives a rendition to choose the highest quality level sum and pace of an astonishing or administration. This idea is fundamentally founded absolutely on the convey and call for variant, that is the fundamental starting point for commercial center free enterprise. It accepts that producers and clients act typically and consistently and there aren't any various components affecting their choices. Harmony sum is while convey rises to call for an item.
The deliver and call for curves have opposite directions and at some point or another converge, creating money related balance and harmony sum. Speculatively, that is the most extreme green country the commercial center can reach and the country to which it absolutely floats.
Know more about Equilibrium - https://brainly.com/question/30137525
#SPJ4
suppose gdp consists of wheat and rice. in 2005, 20 bushels of wheat are sold at $4 per bushel, and 10 bushels of rice are sold at $2 per bushel. in 2004, the price of wheat was $2 per bushel and the price of rice was $1 per bushel. using 2004 as the base year, it follows that, for 2005,: a. nominal GDP is $100, real GDP is $50, and the GDP deflator is 50. b. nominal GDP is $50, real GDP is $100, and the GDP deflator is 200. c. nominal GDP is $100, real GDP is $50, and the GDP deflator is 200. d. nominal GDP is $40, real GDP is $100, and the GDP deflator is 50. ANS: C 22.
In 2004, the price of wheat was $2 per bushel and the price of rice was $1 per bushel. using 2004 as the base year, it follows that, for 2005, nominal GDP is $100, real GDP is $50, and the GDP deflator is 200.
2004 is the starting point.
2004:
$2 per bushel for 20 bushels of wheat
$1 per bushel for ten bushels of rice
2005:
$20 worth of wheat Equals $4 per bushel
10 bushels of rice = $2 each
Nominal GDP
GDP deflator = (Nominal GDP / Real GDP) multiplied by 100
Nominal GDP in 2005:
Final cost of items at current prices:
(20 * $4) + (10 * $2)
$80 + $20 = $100
Real GDP in 2005:
Final product value at base year prices:
(20 * $2) + (10 * $1)
$40 + $10 = $50
Deflator:
* (Nominal GDP / Real GDP)
($100 / $50) * 100
2 * 100 = 200
= 200
The GDP deflator in economics is a measure of the money price of all new, domestically produced, final products and services in an economy in a year relative to their real value.
To know more about GDP Deflator:
https://brainly.com/question/17119310
#SPJ4
a is an automated system that typically ask a series of questions and then takes specific actions based questions and then take
An Expert is an automated system that typically ask a series of questions and then takes specific actions based questions.
What is the difference between AI and ES?AI is the application of methods based on human intelligence to tackle complicated problems. Computer programmes built to tackle complicated decision issues are known as expert systems.
What is expert system example?The following are some instances of expert systems in use: CaDet is a test used to detect cancer in its early stages. DENDRAL aids chemists in the identification of unknown organic compounds. DXplain is a clinical assistance system for illness diagnosis.
What is an expert system in AI?An expert system is artificial intelligence software that employs knowledge stored in a knowledge base to solve issues that would normally require a human expert, therefore maintaining the knowledge of a human expert in its knowledge base.
What are the 4 components of expert system?A knowledge base, a search or inference engine, a knowledge acquisition system, and a user interface or communication system are the four main components of an expert system.
To know more about Expert automated system visit:
https://brainly.com/question/14279726
#SPJ4
Use the following assumptions to calculate the General Vacancy for the property in Year 1 of the analysis if we are overriding Tenant 1 and a Percent of Potential Gross Revenue is the method being applied. There is no Absorption & Turnover in Year 1. General Vacancy Rate: 5% Total Potential Gross Revenue: $87,632 Tenant 1 Rental: $42,330 Tenant 1 Override %: 0%
The General Vacancy for the property in Year 1 of the analysis is $2,265
How are prospective gross sales determined?You may determine a property's GPI by adding up all potential sources of revenue (rent, parking, vending, etc.). A property's gross prospective revenue can be used to determine effective gross income (EGI), which can then be computed by deducting vacancies and credit loss.Ratio of Net Income, It can be quantified as a proportion of either the effective or prospective gross income. The net income ratio is often represented as a proportion of effective gross income.General vacancy and credit loss are related since one influences the other and refers to the amount of money lost as a result of unoccupied units.General Vacancy Rate: 5% Total Potential Gross Revenue: $87,632 Tenant 1 Rental: $42,330 Tenant 1 Override %: 0%
Gross Revenue - Rental * General Vacancy Rate
876632 - 42330 * 5% =2265.
To learn more about Potential Gross Revenue refer to:
https://brainly.com/question/28963083
#SPJ4
Hans is a manager of a bookstore. At the end of each year, he gives his employees performance reviews to let them know what they are doing well, what they need to improve on, and their annual raise amount. This is a form of ________ communication.
Hans is a manager of a bookstore. At the end of each year, he gives his employees performance reviews to let them know what they are doing well, what they need to improve on, and their annual raise amount. This is a form of downward communication.
In organization, organizational communication generally can be defined as a field of study surrounding all areas of communication and information flow that contribute to the functioning of an organization. There are several types of organizational communications, such as formal communication, Informal communication, Horizontal communication, Vertical communication. Downward communication generally can be defined as the act of relaying important information in a company or organization from higher levels to lower levels.
Here you can learn more about downward communication https://brainly.com/question/27032247
#SPJ4
imagine that a researcher wants to test the hypothesis that the mean family income in san francisco is greater than $100,000/year. the researcher randomly samples 10 families from san francisco and records the annual income of each family. the mean of this sample is $105,000. the researcher then performs a one-sample t test to compare this with $100,000. which of the following outcomes are logically possible? (select all that are true) A. the null hypothesis is that the population mean is $100,000
B. the population is the set of all families in San Francisco
C. if the p value from this analysis is less than .05, the researcher will have strong evidence that the mean family income in San Francisco is greater than $100,000/year
The outcomes A, B, and C are logically possible.
What is hypothesis & hypothesis testing in statistics?
A hypothesis is described in statistics as a formal statement that explains the relationship between two or more variables belonging to the specified population.It aids the researcher in converting the stated issue into an understandable justification for the study's findings. It explains and foretells the anticipated result in unambiguous terms.A statement, supposition, or assertion concerning the value of an unknown parameter is called a hypothesis (mean, median, variance etc).A type of statistical inference called hypothesis testing uses data from a sample to infer information about a population parameter or population probability distribution.You run the danger of coming to the wrong conclusions and making poor decisions without hypothesis and hypothesis testing.To learn more about hypothesis testing refer to:
https://brainly.com/question/14587073
#SPJ4
If the government increases investment tax credits and reduces taxes on the return to saving at the same time,
a.the real interest rate should fall.
b.the real interest rate should rise.
c.the impact on the real interest rate is indeterminate.
d.the real interest rate should not change.
It is unclear how the influence will affect the real interest rate. The answer is option (c).
What is investment tax credits?Fundamentally, investment tax credits are a federal tax incentive for corporate investment. They allow taxpayers to deduct a predetermined percentage of investment expenses. These credits are still in addition to customary depreciation allowances.
Investment credits are a type of tax incentive that, in addition to standard depreciation limits, allow firms to write off a portion of specific investment expenses from their tax obligations. Since tax credits are given by both the federal government and the state and territory governments of the United States, they can be used to offset any level of tax liability.
To know more about interest rate, visit:
https://brainly.com/question/14556630
#SPJ4
if starbucks had not repurchased common stock in 2015, what would roe have been? note: round answer to one decimal place (example: 20.6%).
If Starbucks had not repurchased common stock in 2015, it would have had a higher number of outstanding shares, which would have reduced the company's earnings per share (EPS) and, in turn, would have lowered the ROE.
The return on equity (ROE) for Starbucks if they had not repurchased common stock in 2015, we need to adjust the equation for ROE to exclude the impact of the stock repurchase.
ROE = (Net Income / Shareholder's Equity)
In this case, Shareholder's equity would be affected by the stock repurchase, as it would reduce the outstanding shares and increase the company's retained earnings.
Since the effect of the repurchasing of common stock is not known, we cannot give an exact answer.
However, it's important to note that if Starbucks had not repurchased common stock in 2015, it would have had a higher number of outstanding shares, which would have reduced the company's earnings per share (EPS) and, in turn, would have lowered the ROE.
ROE calculation is important in evaluating a company's performance, it's not only important to look at the ROE but also to understand the reasons behind it and the context of the company's financial performance.
To know more about Stock,
https://brainly.com/question/16416503
#SPJ4