Answer:
None of the other answers are correct
Explanation:
February Data is given as :
Total Sales Revenue = $160,000
Total Cash Collections = $172,000
Thus the using the February Total Credit Sales in January will be
40 % = February Cash Collection
= $172,000 × 40%
= $68,800
50 % of remainder = February credit sales collection
= (172,000 - 68,800) × 50%
= $51,600
50 % of remainder = January credit sales collection
= (172,000 - 68,800) × 50%
= $51,600
Then January Credit Sales will be : $51,600 × 2 = $103,200
But this is only 60 % of the total sales.
The full 100 % will be : 100 % / 60 % × $103,200 = $172,000
Therefore,
Using this data give None of the other answers are correct
ou have $425 today which is enough to buy 17 shirts. If the price of shirts are expected to increase by 2% over the next year, what (precise) nominal rate would you have to earn to be able to buy 20 shirts next year
Answer:
the nominal rate is 19.65%
Explanation:
The computation of the nominal rate earned is shown below;
The Price of 17 shirts today is $425
Now the price for 20 shirts today is
= $425 × 20 ÷ 17
= $500
Now the real rate needed next year is
= $500 ÷ $425 - 1
= 17.65%
Now the nominal rate needed is
= real rate + inflation rate
= 17.65% + 2%
= 19.65%
Hence, the nominal rate is 19.65%
The Dennis Company reported net income of $50,000 on sales of $300,000. The company has average total assets of $500,000 and average total liabilities of $100,000. What is the company's return on equity ratio?
A) 10.0%.B) 16.7%.C) 12.5%.D) 50.0%.
Answer:
C) 12.5%
Explanation:
The computation of the return on equity is shown below
Return on equity is
= net income ÷ equity
where,
equity is
= Total assets - total liabilities
= $500,000 - $100,000
= $400,000
Now the return on equity is
= $50,000 ÷ $400,000
= 12.50%
Hence, the return on equity is 12.50%
Therefore the corredct option is c.
Your client wants to transfer $500 from their checking account into a savings account to cover tax liabilities for sales made that month.
Where should they start the process?
a) Navigate to the + New button then find the Transfer link
b) Navigate to the Gear Icon then find the Transfer link
c) Navigate to the Sales screen then find the Transfer link
d) Navigate to the Banking screen then find the Transfer link
Answer:
a) Navigate to the + New button then find the Transfer link
Explanation:
In the case when the client wants to transfer $500 from the checking to the saving account so that the liabilities of the tax could be covered. Now the process would be started via navigating it to the new button and then find the transfer link
Therefore the correct option is a
Hence, the rest of the options are incorrect
According to the liquidity preference model, if the Federal Reserve increases the money supply, the equilibrium interest rate ________, and this leads to _________ in the quantity demanded of nonmonetary interest-bearing financial assets.
a) falls; an increase.b) falls; a decrease.c) rises; an increase.d) rises; a decrease.
Answer:
b) falls; a decrease
Explanation:
According to the liquidity preference model, if the Federal Reserve increases the money supply, the equilibrium interest rate falls and this leads to a decrease in the quantity demanded of non-monetary interest-bearing financial assets.
Liquidity preference model which is also the Keynesian theory of money demand, says that people need money for three major objective transaction motive, precautionary motive, and speculative motive. The increase in money supply decreases interest rate and increases the quantity of money demanded and the decreases the quantity demanded of non-monetary interest-bearing financial assets.
Beacon Industries,Inc. thinking about having one of its products manufactured by a subcontractor.Currently , the cost of manufacturing 1,000 units follows :
Direct material $45,000
Direct labor 30,000
Factory overhead (30 % is variable ) 98,000
If Beacon can buy 1,000 units from a subcontractor for $ 100,000 , it should:_______
Answer:
It is cheaper to buy the product.
Explanation:
Giving the following information:
Production:
Direct material $45,000
Direct labor 30,000
Factory overhead (30 % is variable ) 98,000
Buy:
Total cost= $100,000
I will assume that none of the fixed overhead avoidable. Therefore, we will take into account only the variable overhead.
Total variable production cost= 45,000 + 30,000 + (98,000*0.3)
Total variable production cost= $104,400
It is cheaper to buy the product.
Which of the following are established by ASC 280 as "enterprisewide disclosure" standards to provide more information about the risks to a company?
I. Information about dominant industry segments.
II. Information about major customers.
III. Information about geographic areas.
A. Both II and III
B. I, II, and III
C. Both I and II
D. Both I and III
Answer:
A. Both II and III
Explanation:
As the major customers information and the geographic areas information would be created by the ASC 280 as disclosure of enterprise wide standard that provide the information more related to the company risk. Also it is needed to the public entities to disclose the information with respect to the operating segments i.e. reportable in the finished financial statements set
Therefore the correct option is A.
You want to buy a new sports coupe for $92,500, and the finance office at the dealership has quoted you an APR of 74 percent for a 60 month loan to buy the car
a. What will your monthly payments be? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
b. What is the effective annual rate on this loan? (Do not round intermediate celculations. Enter your answer as a percent rounded to 2 decimal places, e.g. 32.16.)
a. Monthly payment
b. Effective annual rate
Answer:
a) we must first determine the effective interest rate
effective monthly interest rate = APR / 12 = 7.4% / 12 = 0.617%
monthly payment = present value x annuity factor
present value = $92,500
PV annuity factor, 0.617%, 60 periods = 50.024
monthly payment = $92,500 / 50.024 = $1,849.12
b) effective annual rate = (1 + 7.4%/12)¹² - 1 = 0.076562 = 7.66%
If a company sells its average quantity of goods in inventory every 14.6 days, its inventory turn ratio is:
Answer:
the inventory turnover ratio is 25 times
Explanation:
The computation of the inventory turnover ratio is shown below:
As we know that
Inventory turnover period = 365 ÷ inventory turnover ratio
So, the inventory turnover ratio is
= 365 days ÷ 14.6 days
= 25 times
Hence, the inventory turnover ratio is 25 times
We simply applied the above formula so that the correct value could come
And, the same is to be considered
The inventory turnover ratio would be 25 times
We know that inventory turnover period is computed as;
Inventory turnover period = 365 ÷ inventory turnover ratio
Therefore,
The inventory turnover ratio
= 365 days ÷ 14.6 days
= 25 times
It therefore means that If a company sells its average quantity of goods in inventory every 14.6 days, its inventory turn ratio is 25 times
learn more at : https://brainly.com/question/18914383
Piper Pizzaâs pizza-and-sub deal is back! Any consumer who orders two pizzas will get a free meatball sub. Piper Pizzaâs promotion uses ____ to increase short-term sales.
Answer:
YUMMM
Explanation:
Pizza sounds good, sorry lol
Any consumer who orders two pizzas will get a free meatball sub. Piper Pizzas' promotion uses loyalty programs to increase short-term sales.
What type of promotion is a loyalty program?Retailers and other companies who sponsor loyalty programs do so in an effort to draw and keep consumers by providing prizes, discounts, and other unique incentives. They are made to reward customers for their brand or shop loyalty and promote repeat business (hence the name). Usually, a consumer receives bigger benefits the more frequently they shop at the business and the more money they spend.
The purpose of loyalty programs is to reward customers for their continued patronage by providing benefits, discounts, or other unique incentives. Companies profit from loyalty programs not only by fostering client loyalty but also by receiving vital data on consumer spending patterns and the most tempting goods or offers. Retailers and other businesses provide loyalty programs as a strategy to draw in and keep consumers.
Learn more about the loyalty program, here:
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The price elasticity of demand (based on the midpoint formula) when price increases from $10 to $12 is:______
Answer:
the price elasticity of demand is 1
Explanation:
The price elasticity of the demand using mid point formula is as follows:
Price elasticity of the demand is
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of quantity demanded)
where,
Change in quantity demanded is
= Q2 - Q1
= 36 - 30
= 6
And, average of quantity demanded is
= (36 + 30) ÷ 2
= 33
Change in price is
= P2 - P1
= $12 - $10
= $2
And, the average of price is
= ($12 + $10) ÷ 2
= 11
So, the price elasticity of demand is 1
Some individuals argue that accountants should focus on producing financial statements and leave the design and production of managerial reports to information systems specialists. What are the advantages and disadvantages of following this advice? To what extent should accountants be involved in producing reports that include more than just financial measures of performance? Why?
Answer:
If this advice was followed, two systems would result which means higher costs. Accountants must be aware of what is happening in the organization in order to perform correctly. This doesn't mean that only accountants should be involved, but you cannot exclude them.
Accountants are trained in systems development and they should be able to produce reliable information. In order for information to be useful, it must be reliable and relevant. If accountants do not participate in the development of a company's system, then the quality of the information will decrease. Non-reliable information is not useful.
Consider an asset with a beta of 1.2, a risk-free rate of 4.4%, and a market return of 12.4%. What is the reward to risk ratio?
Answer: 8%
Explanation:
Reward to risk ratio = (Expected return - Risk free rate) / Beta
Expected return = Risk free rate + Beta * ( Market return - Risk free rate)
= 4.4% + 1.2 * (12.4% - 4.4%)
= 14%
Reward to risk ratio = (14% - 4.4%) / 1.2
= 8%
On December 31, 2019, Coolwear, Inc. had a balance in its supplies account of $48,400. During 2020, $86,000 was paid for new supplies. At the end of 2020, after adjusting entries were recorded, the balance in the supplies account was 42,000. Supplies expense for 2020 would be:_________
Answer:
$92,400
Explanation:
Supplies expense for 2020 would be calculated as;
= Ending balance in supplies account on December 31, 2019 + Payment for new supplies in 2020 - Balance in supplies account at the end of year 2020
Given that ;
Ending balance in supplies account = $48,400
Payment for new supplies = $86,000
Balance in supplies account at the end of year 2020 = $42,000
Therefore,
Supplies expense for 2020
= $48,400 + $86,000 - $42,000
= $92,400
Assume a company has two divisions, A and B. The company’s overall sales, overall contribution margin ratio, common fixed expenses, and net operating income are $500,000, 48%, $50,000, and $10,000, respectively. Division A has a contribution margin of $180,000. If Division B has traceable fixed expenses of $80,000, then what is Division A’s segment margin? Multiple Choice $80,000 $40,000 $20,000 $60,000
Answer:
$60,000
Explanation:
total sales A + B = $500,000
variable expenses = $260,000
combined contribution margin = $240,000
contribution margin A = $180,000
contribution margin B = $60,000
combined segment margins = $60,000 (= -$20,000 + $80,000)
segment margin B = -$20,000
segment margin A = $80,000
common fixed expenses = $50,000
net income = $10,000
The margin available after a segment has covered all of its costs is known as segment margin. The segment profit margin is $60,000 per segment. As a result, option (d) or (iv) is the proper response.
How do you compute segment margin?[tex]\text{total sales A + B} = $500,000\\\text{Variable expenses} = $260,000\\\text{Combined contribution margin} = $240,000\\\text{Contribution margin A} = $180,000\\\text{contribution margin B} = $60,000\\\text{combined segment margins} = $60,000 (= -$20,000 + $80,000)\\\text{segment margin B} = -$20,000\\\text{segment margin A} = $80,000\\\text{common fixed expenses} = $50,000\\\text{net income}= $10,000[/tex]
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Liquidity is best defined as the ease of converting an asset into cash. the direct exchange of goods and services for other goods and services. money with no intrinsic value. anything that is accepted in exchange for goods or for the payment of debt. Identify which asset is the most liquid. stock certificate 6 month certificate of deposit real estate checking account
Answer:
as the ease of converting an asset into cash.
checking account
Explanation:
Liquidity refers to the ease of converting an asset into cash. Cash is the most liquid asset. While assets like real estate are less liquid because it is difficult to convert it to cash as their a lot of processes that must be undertaken before real estate can be converted to cash.
Checking account is the most liquid because it can be easily converted to cash.
In ________, salespeople are independent contractors who not only sell the product, but also recruit additional salespeople.
Answer:
Multi-level marketing.
Explanation:
A business organization that is run with multi-level marketing strategy typically has 3 sources of income:
- The amount of money that each person have to pay in order to gain the membership status.
- The amount of money that memberships owners have to pay to be a distributor of their product
- The amount of money that they get from the sales of their product.
Most multi-level marketing companies will provide their members with some sort of 'Reward' if they managed to convert other people into purchasing memberships to organization. So, the more their members convert other people, the more wealthy that members will be. This will create a hierarchy like within an organization where the members who bring the most memberships place at the top of the hierarchy.
A good or service intended primarily for use in producing other goods or services is a ____ product.
The waiter told Janis that the cake has fewer carbohydrates (carbs) than the pie, and that the pudding has more carbs than the pie. What relational responses are combinatorially entailed and likely to be reinforced in this context?
Answer:
The waiter told Janis that the cake has fewer carbs than the pie, and that the pie has fewer carbs than the pudding. Janis can associate both messages and infer that the cake has fewer carbohydrates than the pudding without the waiter explicitly telling her that.
A (cake) < B (pie)
B < C (pudding)
therefore,
A < C
which of the following is an example of a substitute for leadership within an organization?
a. expert employees who have been trained with the company for years
b. personalities of employees
c. lack of established norms within the company
d. low tech ability with the staff
Answer:
B; Personality of the employees
About the Lagrangian method, select the correct statement: We can use it to solve consumer's utility maximization problems, but not firm's cost minimization problems. We can use it to solve both consumer's utility maximization and firm's cost minimization problems. We can use it to solve firm's cost minimization problems, but not consumer's utility maximization problems. We cannot use it to solve any kind of optimization problem.
Answer:
About the Lagrangian method,
We can use it to solve both consumer's utility maximization and firm's cost minimization problems.
Explanation:
Lagrangian method is a mathematical strategy for finding the maxima and the minima of a function subject to equality constraints. Equality constraints mean that one or more equations have to be satisfied exactly by the chosen values of the variables. Named after the mathematician, Joseph-Louis Lagrange, the basic idea behind the Lagrangian method is to convert a constrained problem into a Lagrangian function.
Chez Fred Bakery estimates the allowance for uncollectible accounts at 3% of the ending balance of accounts receivable. During 2018, Chez Fred's credit sales and collections were $125,000 and $131,000, respectively. What was the balance of accounts receivable on January 1, 2018, if $180 in accounts receivable were written off during 2018 and if the allowance account had a balance of $750 on December 31, 2018
Answer:
The balance of accounts receivable on January 1, 2018 is $31,180.
Explanation:
The following are given in the question:
Percentage of allowance for uncollectible accounts = 3%
Credit sales = $125,000
Collections = $131,000
Amount written off = $180
Therefore, we have:
Account receivable on 31 December 2018 * 3% = $750
Account receivable on 31 December 2018 = $750 / 3% = $25,000
Accounts receivable on 01 January 2018 = Account receivable on 31 December 2018 - Credit sales + Collections + Amount written off = $25,000 - $125,000 + $131,000 + $180 = $31,180
Therefore, the balance of accounts receivable on January 1, 2018 is $31,180.
A capital budgeting project has a net investment of $415,000 and is expected to generate net cash flows of $138,000 annually for 4 years. What is the net present value at a 11% required rate of return?
Answer:
the net present value is $13,131
Explanation:
The computation of the net present value is shown below
As we know that
Net present value = Annual cash inflows × PVIFA factor for 4 years at 11% - Initial investment
= $138,000 × 3.1024 - $415,000
= $428,131 - $415,000
= $13,131
Hence, the net present value is $13,131
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Bank reserves are $200, the public holds $1000 in currency, and the reserve-deposit ratio is 20%. What is the Value of Bank Deposits? What is the Money Supply? Suppose that the Fed sells $50 worth of bonds in an "open market sale." Assuming that the public does not wish to change the amount of currency it holds, what is the new money supply after this open market purchase? Please enter your answers as numerical responses (ie. 100 or $100 not "One Hundred Dollars")
Answer:
What is the Value of Bank Deposits?
bank deposits = bank reserves / required reserve ratio = $200 / 20% = $1,000
What is the Money Supply?
money supply = bank deposits + currency held by the public = $1,000 + $1,00 = $2,000
Suppose that the Fed sells $50 worth of bonds in an "open market sale." Assuming that the public does not wish to change the amount of currency it holds, what is the new money supply after this open market purchase?
if the FED sells $50 worth of bonds, money supply will decrease by $50 x (1 / 20%) = $50 x 5 = $250
total money supply = $2,000 - $250 = $1,750
Solvency is of most interest to:_____.
a. stockholders.
b. long-term creditors.
c. short-term creditors.
d. competitors.
Answer:
b. long-term creditors.
Explanation:
Meeting up with a corporations semipermanent depths and money obligations is what economic condition is seen to speak about; this can be why it's labelled to be the interest of the same creditors within the on top of question. within the end of the day, itbis seen that tons of corporations have negative shareholders’ equity, that is generally a symptom of insolvency; insinuates that an organization has no value, and this might even cause personal losses for little business homeowners if not protected by indebtedness terms if an organization should shut. In essence, if an organization was needed to right away fold, it'd have to be compelled to liquidate all of its assets and pay off all of its liabilities, going away solely the shareholders equity as a remaining valuehave negative shareholders’ equity, that may be a sign of financial condition.
Suppose Rhonda owns and operates a surf shop. Last week, Rhonda ran a 30-percent off sale on all items in her shop and her revenues decreased by 35 percent. Everything else held constant, it can be concluded with certainty that Rhonda's customers' demand is:________.
A. price inelastic
B. price elastic
C. unit elastic
Answer:
Explanation:
price elasticity of demand = percentage change in quantity demanded / percentage change in price
revenue = price x quantity
if price decreased by 30% and total revenue decreased by 35%, then PED is inelastic
a will show you in an example
original price = $10
original quantity = 100
if PED was unit elastic
= 30% / -30% = -1, sales volume increased by 30%
total revenue went form $1,000 to $910
if PED was elastic
= 50% / -30% = -1.7, sales volume increased by more than 30%, lets say 50%
total revenue went from $1,000 to $1,050
if PEd was inelastic
= 10% / -30% = -0.33, sales volume increased by less that 30%, lets say 10%
total revenue went from $1,000 to $770
the more inelastic, the larger the decrease in total revenue
The demand of Rhonda's customers would be characterized as:
A). Price Inelastic
"Price Inelastic demand" is described as the demand in which the demand remains a little affected by a bigger change in the price of that product or commodity. In the given situation, the demand for the surf at Rhonda's shop would be considered price inelastic because, despite the 30% off, the revenue of her shop decreased. This implies that the surf exemplifies an essential item and its consumers are not much affected by the fall in the price.
Thus, option A is the correct answer.
Learn more about "Elasticity of Demand" here:
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Select the correct answer.
Annie runs a group therapy session on anger management. In one of the sessions, she finds that the members have become aggressive and are having heated arguments with each other. What technique can Annie use to bring the discussion back into order?
A. terminate the discussion for the day
B. call for a moment of silence
C. pass a clipboard for people to write their feelings
D. ask the aggressive members to leave the group
E. introduce humor in the session to ward off the argument
Answer:
c. pass a clipboard for people to write their feelings.
Explanation:
terminating the discussion won't solve their hassles in their head nor asking them to leave. moment of silence, yeah it can be done but won't be that effective. so as for me I would suggest to know each of their feelings and understand them. that way we may be able to give opinions on each other's thought.
Answer:
B. call for a moment of silence
Explanation:
"Proposing silence: A moment of silence can help people to calm down and refocus if tensions are high. This also helps when there is a lot of crosstalk with people interrupting each other."
correct on plato/edmentum :)
A liquidity ratio measures the :___________.
A) income or operating success of an enterprise over a period of time
B) ability of the enterprise to survive over a long period of time.
C) short-term ability of the enterprise to pay its maturing obligations and to meet unexpected needs for cash.
D) number of times interest is earned.
Answer:
C. Short term ability of the enterprise to pay its maturing obligations and to meet unexpected needs for cash
Explanation:
Oftentimes enterprise need cash to meet its daily financially need or business obligations. The ability to meet such daily or short term need is called liquidity ratio.
The primary purpose why enterprises are in business is to make profit, however, its daily operations must continue which will be financed with cash. Liquidity ratio shows that an enterprise is financially buoyant to meet its unexpected needs for cash and also to pay its occurring business obligation.
When people are differentiated in terms of their aesthetic and intellectual preferences, a ________ concept is being applied.
A) cultural code designation
B) social cluster
C) taste culture
D) consumption constellation
Answer: C) taste culture
Explanation:
Taste culture refers to the preferences that person holds that are based on intellectual and aesthetic values that are dear to them. Essentially, it refers to people's tastes.
An example would be the tendency of young people to wear fashionable clothing. When people are grouped according to these aesthetic or intellectual preferences, they are being grouped by taste culture.
On March 31, 2021, Top Notch Goods committed to a plan to sell machinery equipment. The machinery equipment was available for immediate sale, and an active plan to locate a buyer was initiated. The machinery equipment had been purchased on January 1, 2019, for $260,000. The machinery equipment had an estimated six-year service life and residual value of $20,000. The machinery equipment was being depreciated using the straight-line method. Top Notch Good's fiscal year ends on December 31.Calculate the equipment’s book value as of March 31, 2021By December 31, 2021, the machinery equipment has not been sold, but management expects that it will be sold in 2022 for $150,000. For what amount is the machinery equipment reported in the December 31, 2021, balance sheet?
Answer:
$150,000
Explanation:
This machine is to be classified as an asset held for sale. The assets held for sake are carried on the Statement of Financial Statement at the amount lower of Fair Market Value and the Carrying Amount.
Mark, a project manager for a bottling company, has a $500,000 budget. As of today's date, $100,000 has been spent on the project. What is the project's actual cost?
a. $500,000
b. $400,000
c. $250,000
d. $100,000