Answer:
The interpretation including its question would be characterized underneath in the explanatory paragraph.
Explanation:
Opportunity costs are economic downsides that authority, an investment company, or perhaps a corporate mess up because once making a choice one alternate solution more than another. This same judgment I decided to make since then has been to attend college rather than just continuing to operate at the local grocery store. Explicitly associated costs throughout someone's intention to pursue are school fees, sleeping expenditures, journals, cars something which I bought to pursue higher education.Garcia company has 10,000 units of its product that were produced last year at a total cost of $150,000. the units were damaged in a rain storm because the warehouse where they were stored developed a leak in the roof. garcia can sell the units as is for $2 each or it can repair the units at a total cost of $18,000 and then sell them for $5 each. calculate the incremental net income if the units are repaired
Answer and Explanation:
The computation of the incremental net income is shown below:
Particulars Sell Process Further Incremental Net income
Sales $20,000.00 $50,000.00 $30,000.00
(10,000 units × $2) (10,000 × $5)
Less:
Additional
Processing cost $18,000.00 $18,000.00
Total $20,000.00 $32,000.00 $12,000.00
Several types of risk are present in the U.S. economy. For each of the following, identify the type of risk that is present. Explain your answer.
a. The Department of Homeland Security alerts the nation of a possible attack by terrorists.
b. A house may be severely damaged in a fire.
c. A family head may be totally disabled in a plant explosion.
d. An investor purchases 100 shares of Microsoft stock.
e. A river that periodically overflows may cause substantial property damage to thousands of homes in the floodplain.
f. Home buyers may be faced with higher mortgage payments if the Federal Reserve raises interest rates at its next meeting.
g. A worker on vacation plays the slot machines in a casino.
Answer and Explanation:
a. This is a fundamental risk case since there is a loss possibility. As the attack is done by the terrorists and the loss is definite in terms
b. It is a property risk as the house is damaged in a fire that resulted into a financial loss
c. It is a personal risk case as the head of the family is totally disabled that directly impact the family which leads to non-fulfillment of the financial liabilities so ultimately its an income loss.
d. It is a case of speculative as the investor purchase 100 shares that resulted in either profit or loss
e. This is a case of fundamental risk as the overflow of the river impacts the property of thousands people
f. This is a case of financial risk as the risk impacted the opposite changes in the price of the commodity, rate of interest, etc
g. It is a speculative case as the worker could either win or loss
Lok Co. reports net sales of $4,970,000 for Year 2 and $8,532,000 for Year 3. End-of-year balances for total assets are Year 1, $1,684,000; Year 2, $1,780,000; and Year 3, $1,949,000. (1) Compute Lok's total asset turnover for Year 2 and Year 3.
Answer:Assets turnover ratio Year 2 =2.87 times
Assets turnover ratio for Year 3 = 4.58times
Explanation:
The total assets turnover is calculated as = Net Sales / Average total assets
also,
Average total assets = (Beginning assets + Ending Assets) / 2
Average total assets for Year 2 = ($1,684,000 +$1,780,000)/ 2 =$1,732,000
Average total assets for Year 3 = ($1,780,000 + $1,949,000 )/2 =$1,864,500
Assets turnover ratio Year 2 =$4,970,000 / $1,732,000 = 2.87 times
Assets turnover ratio for Year 3 = $8,532,000 / $1,864,500 = 4.58times
Answer:
Total assets turnover - year 2 = 2.8695 times
Total assets turnover - year 3 = 4.5760 times
Explanation:
The total assets turnover is a measure used to assess the performance of businesses in terms of their efficiency to use their assets for generating sales. It calculates how much sale each dollar of asset is generating. The formula for total assets turnover is as follows,
Total assets turnover = Net Sales / Average total assets
Where,
Average total assets = (Total assets at start + Total assets at end) / 2
Total assets turnover - year 2 = 4970000 / [(1684000 + 1780000) / 2]
Total assets turnover - year 2 = 2.8695
Total assets turnover - year 3 = 8532000 / [(1780000 + 1949000) / 2]
Total assets turnover - year 3 = 4.5760
Assume an annual interest rate of 8%. You have $1. What is the value of the $1 one year in the future
Answer:
the future value is $1.08
Explanation:
The computation of the future value is shown below:
As we know that
Future value = Present value × (1 + rate of interest)^number of years
= $1 × (1 + 0.08)^1
= $1 × 1.08
= $1.08
Hence, the future value is $1.08
________is the interest that the bank pays you on the principal plus on the_________ that you earned the preceding year.
Answer:
Compound interest; interest.
Explanation:
Compound interest can be defined as the interest that the bank pays you on the principal plus on the interest that you earned the preceding year. Thus, it is simply calculated by adding an interest to the initial principal i.e compounding the interest rather than withdrawal.
Mathematically, compound interest is given by the formula;
[tex] A = P(1 + \frac{r}{n})^{nt}[/tex]
Where;
A is the future value.
P is the principal or starting amount.
r is annual interest rate.
n is the number of times the interest is compounded in a year.
t is the number of years for the compound interest.
Answer:
its compound interest and interest
Bonita Industries purchased a machine for $65600 on July 1, 2020. The company intends to depreciate it over 8 years using the double-declining balance method. Salvage value is $5100. Depreciation for 2020 to the closest dollar is:_________
a. $16400
b. $14350
c. $32800
d. $8200
Answer:
d. $8200
Explanation:
The computation of the depreciation expense for the year 2020 is given below:
But before that the depreciation rate is
= 1 ÷ useful life × 2
= 1 ÷ 8 × 2
= 25%
Now the depreciation expense is
= Machine value × depreciation rate × given months ÷ total months
= $65,600 × 25% × 6 months ÷ 12 months
= $8,200
The Big Ideas: End of Chapter Problem As Nobel prize winner and New York Times columnist Paul Krugman has noted, the field of economics is a lot like the field of medicine: They are fields where knowledge is limited, and where many cures are quite painful, but where regular people care deeply about the issues. What are some other ways that economics and medicine are alike
Answer:
They are not perfect sciences. You are never 100% sure of the consequences and outcome of a remedy. Medicine is a practice and economics is also a practice.
Explanation:
Applied sciences are fields of study where there is use of existing knowledge for some practical purpose.
Exact or natural sciences on the other hand provide basis on which applied sciences are practices.
Medicine and economics are applied sciences because there is no 100% certainty of the consequences or outcome of a remedy.
Economics is a social science that analyses human behaviour that is assumed to be mostly rational. However it is not an exact science because lack of consensus on hypotheses, lack of testable hypotheses, and political polarisation amongst economists.
Medicine is also not an exact science but a practical application of the knowledge of treating illnesses. In practice the outcome of treatments are not always 100% sure
Smart entrepreneurs regularly seek blank from consultants or a board of directors
Answer:
Help or Advice
Explanation:
Smart entrepreneurs regularly seek HELP or ADVICE from consultants or a board of directors.
As a smart entrepreneur, seeking help from consultants or a board of directors is a good way to go to elevate the business.
The consultant or board of directors can help in many ways, some of which includes:
1. Carry out an analysis of the market conditions.
2. Give credible advice about technological innovation.
3. Recommend ideal product or service changes.
4. Assists in forecasting trends.
5. Assists in developing profitable ideas or trends.
6. Give honest and reliable advice.
On June 1, 2017, Vaughn Manufacturing was started with an initial investment in the company of $22,410 cash. Here are the assets, liabilities, and common stock of the company at June 30, 2017, and the revenues and expenses for the month of June, its first month of operations:
Cash $5,420 Notes payable $13,640
Accounts receivable 4,470 Accounts payable 970
Service revenue 8,320 Supplies expense 1,080
Supplies 2,320 Maintenance and repairs expense 680
Advertising expense 400 Utilities expense 220
Equipment 26,820 Salaries and wages expense 2,220
Common stock 22,410
Required:
In June, the company issued no additional stock but paid dividends of $1,710. Prepare an income statement for the month of June.
Answer:
Net profit is $3,720
Retained earning for the month is $2,010.
Explanation:
Income statement can be described as a financial statement that shows revenue, minus expenses and losses of a company in order to show it net profit. This can be prepared as follows:
Vaughn Manufacturing
Income Statement for the month of June 2017
Particulars Amount ($)
Revenue:
Service revenue 8,320
Expenses:
Supplies expense (1,080)
Maintenance and repairs expense (680)
Advertising expense (400)
Utilities expense (220)
Salaries and wages expense (2,220)
Net profit 3,720
Dividends paid (1,710)
Retained earning for the month 2,010
What does it mean that stocks and bonds are relatively liquid? a. They are easier to buy and sell than other forms of investment. b. They tend to go up and down in value. c. The amount of income they can bring changes frequently. d. There are more of them to choose from than other forms of investment. Please select the best answer from the choices provided A B C D
Answer:
A.they are easier to buy and sell than other forms of investment
Explanation:
got a 100 on edgn!
Prepare the following adjusting entries at August 31 for Walgreens. (a) Interest on notes payable of $286 is accrued. (b) Services performed but unbilled total $1,314. (c) Salaries and wages earned by employees of $767 have not been recorded. (d) Bad debt expense for year is $876.
Answer and Explanation:
The adjusting entries are as follows:
a. Interest Expense $286
To Interest Payable $286
(Being the interest expense is recorded)
b. Accounts Receivable $1,314
To Service Revenue $1,314
(Being the service performed but unbilled is recorded)
c. Wages and Salary Expense $767
To Salary and Wages Payable $767
(Being wages and salary expense is recorded)
d Bad Debt Expense $876
To Allowance for Doubtful Accounts $876
(Being the bad debt expense is recorded)
You manage employees in several cities, and while you try to visit the various offices as much as possible, your travel schedule is unpredictable. When you do see an employee performing a desirable behavior, you are quick to praise that person. What reinforcement schedule are you using, and is it likely to be effective in promoting desirable behavior
Answer:
Variable ratio schedule; effective
Explanation:
Reinforcement schedules are designed to introduce or remove reinforcers of punishment after observation of operational behaviour of a given set of people.
There are 3 types: ratio schedule, interval schedule, and extinction schedule.
The most effective type of reinforcement schedule is the variable ratio schedule.
It involves introduction of reinforcers after a particular number of observed responses from the subjects, also for subjects that are exhibiting favourable behaviour reinforcers are removed.
This is more efficient because more focus is given to those people that are lagging behind.
For interval schedule there continues to be a schedule despite variability in behaviour across employees. This is inefficient and stressful.
Variable ratio schedule is exemplified in this instance where visits are variable, and employee performing a desirable behaviour are quick to be praised.
The net present value method Group of answer choices all of the above. is consistent with the goal of shareholder wealth maximization. recognizes the time value of money. uses all of a project's cash flows.
Answer:
all of the above
Explanation:
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.
When choosing between positive NPV projects, choose the project with the highest NPV first because it is the most profitable. This ensures that shareholder wealth is maximised
The NPV method uses discounted cash flows. so the time value of money is considered
Calculate, to the nearest cent, the future value FV (in dollars) of an investment of $10,000 at the stated interest rate after the stated amount of time. 1% per year, compounded annually, after 11 years
Answer:
$11,046
Explanation:
Present value = $10,000
Interest rate = 1%
Years = 11 years annually
Future value = A(1 + i/)^n
Future value = $10,000*(1 + 0.01)^10
Future value = $10,000*(1.01)^10
Future value = $10,000*1.10462212541
Future value = $11046.2212541
Future value = $11,046
So, the future value FV of the investment after 11 years is $11,046
The __________ perspective of management, which emerged from the Industrial Revolution, focuses on improving the efficiency, productivity, and output of employees, as well as the business as a whole
Answer:
classical or scientific
Explanation:
Classical or scientific management was developed by Frederick Taylor, Max Weber and Henri Fayol. It focused on material needs. Companies needed to improve profits by improving productivity and efficiency, while workers were supposed to be only motivated by the salary that they could earn. This theory has a lot of flaws, but you must remember that it was developed more than 100 years ago.
You receive a $100 cash prize for winning a pie-eating contest. How will you spend the money? Explain your decision-making in terms of behavioral economics, marginal utility, budget constraints, and other economic concepts. (HINT - Define each economic term before applying it) *
Answer:
Behavioural economics: the study of how human behaviour, and the variables that relate to human behaviour, affect economic decisions of groups and individuals.
Marginal utility: the extra satisfaction or benefit obtained from purchasing/consuming an extra unit of a good or service.
Budget constraint: the combinations of goods and services that a person can buy given the person's current income.
Explanation:
If I earned a $100 cash price, the the way I spend this money would be affected by the three concepts above.
Behavioural economics would determine my general dispositions. For example, if I'm a person who is risk-averse, behavioral economics would indicate that I would be unlikely to spend the money on risky goods or services, for example, online bets, or casinos.
Marginal utility would establish which goods and services I would buy depending on the quantities that I already posses, or on the level of utility each unit of them provides. For example, if I have lots of meat in my freezer, I am unlikely to buy more meat, because marginal utility from extra meat will be low.
Finally, my budget constraint will determine my actual spending possibilities. As I have $100, no matter how safe, or how high the marginal utility of a good is, if it costs over $100 dollars, I will not be able to spend the cash price on it.
The following costs were incurred in May: Direct materials$40,500 Direct labor$36,700 Manufacturing overhead$28,800 Selling expenses$21,400 Administrative expenses$38,800 Conversion costs during the month totaled:
Answer:
$77,200
Explanation:
Conversion cost is calculated as;
= Direct labor cost + Manufacturing overhead.
Given that;
Direct labor cost = $40,500
Manufacturing overhead = $36,700
Conversion cost = $40,500 + $36,700
= $77,200
Suppose that the rural part of a country is hit by a major earthquake
that destroys 10% of the countries housing stock. The government and private sector respond with a major construction effort to help rebuild houses. Discuss how this episode is likely to affect:
(a) the economic well-being of people in the country, and
(b) the economy’s measured GDP.
Answer:
(a) How this episode is likely to affect the economic well-being of people in the country
In the short-run, there will be an increase in labor demanded, increasing jobs to build homes and repair the damage caused by the earthquake. In the long-run, things will begin to go back to normal.
(b) How this episode is likely to affect the economy’s measured GDP
In this case, GDP measurements will shift causing less of an input in private spending and an increase in government spending due to subsidies to increase home-building.
The RideEm Bicycles factory can produce 150 bicycles in a day at a total cost of $10,700. It can produce 170 bicycles in a day at a total cost of $11,500. What are the company's daily fixed costs (in dollars)
Answer:
See below
Explanation:
From the above, we can make c to be fixed cost, b cost of bicycle
C + 150b = 10,700 equation 1
C + 170b = 11,500 equation 2
From equation, we can make c the subject
C = 10,700 - 150b
Substitute for C in equation 2
10,700 - 150b + 170b = 11,500
-150b + 170b = 11,500 - 10,700
20b = 800
b = 40
We would also get the value for C
Substitute for C in equation 1
C + 150b = 10,700
C + 150(40) = 10,700
C + 6,000 = 10,700
C = 10,700 - 6,000
= -4,700
Therefore, the company's daily fixed cost is -$4,700
The Grays live in Clay County, which is adjacent to Jackson County. Although the retail stores in both counties are comparable, the Grays usually drive a few extra miles to shop in Jackson County. As to why the Grays might do this, consider the following: a. Clay County is in a different state than Jackson County. b. Clay County and Jackson County are in the same state.
Answer:
An ad-valorem tax is type of the tax applied the value of an underlying asset and this type of tax is imposed at the time of transaction.
There are following two situations:
a. CC is in different state than JC. If CC and JC are in different state, then Grays shops from JC in order to save sales tax. It is possible that in JC, sales tax rate is lower in comparison to CC. Therefore, JC must be in state which imposes lower sales tax.
b. CC and JC are in same state: if CC and JC are in same state the, surely CC imposes higher sale tax than JC because Gray used to shop from JC only.
ANSWER 10 POINTS COME ON EMERGENCY HELP HELP HELP
What are payroll taxes?
Answer:
This is all the information I could find.
Ag Bio Tech (ABT) was organized on January 1 by four friends. Each organizer invested $10,000 in the company and, in turn, was issued 8,000 shares of common stock. To date, they are the only stockholders. During the first month (January), the company had the following five events: a. Collected a total of $40,000 from the organizers and, in turn, issued common stock. b. Purchased a building for $65,000, equipment for $16,000, and three acres of land for $18,000; paid $13,000 in cash and signed a note for the balance, which is due to be paid in 15 years. c. One stockholder reported to the company that 500 shares of his ABT stock had been sold and transferred to another stockholder for $5,000 cash. d. Purchased supplies for $3,000 cash. e. Sold one acre of land for $6,000 cash to another company.
Answer:
a. Cash is received of $40,000 which is the stock capital equity part of financial statement.
b. Purchase are made of which notes payable are signed which will increase the non current liability of the company.
c. no effect on financial statements.
d. Cash is paid in turn of supplies.
e. Cash is received by selling partial land.
Explanation:
The effects of transaction on financial statements of company is mentioned above. The transaction c will not have any effect on the company's financial statement. The liability and equity part is increased in the transactions a and b.
Oriole Company purchased a new machine on October 1, 2022, at a cost of $68,880. The company estimated that the machine has a salvage value of $5,940. The machine is expected to be used for 48,880 working hours during its 6-year life. Compute the depreciation expense under the straight-line method for 2022 and 2023, assuming a December 31 year-end. (Round answers to 2 decimal places, e.g. 5,275.25.)
Answer and Explanation:
The computation of the depreciation expense is shown below:-
As we know that
Depreciation expenses = (Machine value - Salvage value) ÷ Estimated useful life of assets
= ($68,880 - $5,940) ÷ 6
= $10,490
Now
Depreciation for 2022 is
= (Depreciation expenses × 3 months ÷ 12 months
= $10,490 × 3 months ÷ 12 months
= $2,623
And Depreciation for 2023 is $10,490
Answer above has proper calculations, rounded wrong.
2022: 2,622.5
2023: 10,490
Pharoah Chemicals Company acquires a delivery truck at a cost of $35,000 on January 1, 2022. The truck is expected to have a salvage value of $2,900 at the end of its 5-year useful life. Assuming the declining-balance depreciation rate is double the straight-line rate, compute annual depreciation for the first and second years under the declining-balance method.
Answer:
$14,000
Year 2 = $8400
Explanation:
Depreciation expense using the double declining method = Depreciation factor x cost of the asset
Depreciation factor = 2 x (1/useful life)
Depreciation expense in year 1 = 2/5 x $35,000 = $14,000
Book value at the beginning of year 2 = $35,000 - $14,000 = $21,000
Depreciation expense in year 2 = 2/5 x $21,000 = $8400
The ____________ is the quantity where quantity demanded and quantity supplied are equal at a certain price.
Answer:
Equilibrium quantity
Explanation:
Equilibrium quantity arises when there is no surplus or no shortage of the product produced in the market. Here the demand and the supply would be intersected to each other that means the amount of an item that purchased would be equivalent to the amount supplied
So as per the given situation, the equilibrium quantity is the answer
When we assume that hard workers are all honest or that slow workers are not very bright, this is considered projection.
Select one:
True
False
Answer:
It's False :-)Thank you for the questionCompute the total annualized inventory holding and ordering costs when the cost per order (S) is $75, the annual demand (D) is 120,000, the annual carrying charge (i) is 25%, the order quantity (Q) is 1200, and the item’s cost is $50
Answer:
total annualized inventory holding and ordering costs = $15,000
Explanation:
total number of orders per year = 120,000 units / 1,200 units per order = 100 orders per year
total ordering cost per year = cost per order x number of orders per year = 100 orders per year x $75 per order = $7,500
average inventory = 1,200 units / 2 = 600 units
annualized inventory holding costs = 600 units x 25% holding cost x $50 cost per unit = $7,500
Why do you think most of the jobs in the United States and Canada are service jobs?
Answer:
Canada is also important to us for reasons of security.as the United States is to Canada. Explanation:
Through Canada pass the shortest flying routes from our country to Europe and Asia, the two continents that contain most of the world's population, wealth, and power.
abburi Company's manufacturing overhead is 40% of its total conversion costs. If direct labor is $86,400 and if direct materials are $23,200, the manufacturing overhead is:
Answer:
Manufacturing overhead= $57,600
Explanation:
To calculate the Conversion costs, we need to use the following formula:
Conversion costs= direct labor + manufacturing overhead
Now, if direct labor is 60% of conversion costs, then:
Conversion costs= direct labor / (1 - 0.4)
Conversion costs= 86,400 / 0.6
Conversion costs= $144,000
Finally, we determine the manufacturing overhead:
Manufacturing overhead= 144,000 - 86,400
Manufacturing overhead= $57,600
