The firm should employ K=1 and
L=4,
K=1 and
L=2, or
K=1 and
L=1 depending on the production function.
A firm produces output with the production function Q = √KL.
where K and L denote its capital and labor inputs respectively.
The quantity of labor and capital inputs that should be employed by the firm to produce 2 units of output, using the production function Q=√KL is as follows;
Given Q=2 and
price of labor = 1 and
price of capital=4,
Then we have; 2=√KL
To find the values of K and L, square both sides as follows;
2² = (√KL)²
4 = KL
If K= 1 and
L=4,
then KL=4.
So, K x L = 4 satisfies the equation
Q=√KL
Hence, the quantities of capital and labor inputs the firm should employ are K=1 and
L=4.
Solve the same problem if Q=K+L
The quantity of labor and capital inputs that should be employed by the firm to produce 2 units of output, using the production function Q=K+L is as follows;
Given Q=2 and
price of labor = 1 and
price of capital=4,
Then we have; 2=K+L
To find the values of K and L, one can use the following method;
First, assume a value of K, and calculate the value of L by substituting the value of K into the equation Q=K+L. If the calculated value of L satisfies the equation, then that value of K is the required quantity of capital to employ. If not, try another value of K.
To solve the equation, put K=1, we get
2=1+L, solving for L we get;
L=2
Therefore, the quantities of capital and labor inputs the firm should employ are K=1 and
L=2.
Solve the same problem if Q=min(K,L)
The quantity of labor and capital inputs that should be employed by the firm to produce 2 units of output, using the production function Q=min(K,L) is as follows;
Given Q=2 and
price of labor = 1 and
price of capital=4,
Then we have; 2=min(K,L)
If K=L, then both labor and capital inputs will be equal.
In this case, to produce Q=2 units of output, either L or K can be used. However, given that the price of capital is four times that of labor, it is better to use more labor than capital.
If K≠L, assume that KL, then the firm should employ L units of capital and
L units of labor to produce Q=2 units of output.
Therefore, the quantities of capital and labor inputs the firm should employ are K=1 and
L=1.
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A Parent with an 80% interest in a subsidiary received $2,000 of dividends and the subsidiary reported $5,000 of net income. The initial investment paid by the parent was $20,000. This was 80% of the book value of the subsidiary of $25,000. The equity method used by the parent would report an investment account of $______ and equity earnings of $______ .
a) $22,000, $4,000 b) $22,400, $2,000 c) $23,000, $3,000 d) $25,000, $2,000
Investment account = initial investment + (80% × net income)
= $20,000 + (0.8 × $5,000)
= $20,000 + $4,000
= $24,000
Equity earnings = dividends received + (80% × net income)
= $2,000 + (0.8 × $5,000)
= $2,000 + $4,000
= $6,000
Therefore, the answer is: Option A) $22,000, $4,000.
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When calculating the price elasticify of demand, we calcutate the change in the quantly decnanded as the perceriage of the twerige price and the charge in the quantiy as a percentage change of the average quantly. Why do we ute thit reethod? We vie thit method becinise in A. alows us to caloulate the price eiasticity of demand as a positive number 8. ghes a unts-fiee measure C. ghes the same valus for the elassciy regerdess of whester the price tals or rises D. is the colly oce that will calculate a value of zero when demand is perfecfy helatic
We use this method because it allows us to calculate the price elasticity of demand as a positive number, gives a unit-free measure, and provides the same value for the elasticity regardless of whether the price falls or rises. The correct answer is A.
The method of determining price elasticity of demand using the percentage change in quantity sought as a percentage of the percentage change in price and the average amount is useful for numerous reasons:
A. It lets us calculate price elasticity of demand as a positive number: Using absolute percentage changes ensures that price elasticity of demand is always positive. For comparing demand to price variations across items, this is crucial.
B. It produces a unit-free measure: Calculating elasticity this manner eliminates units of measurement, allowing meaningful comparisons between products or marketplaces. It provides a universal responsiveness measure.
C. It delivers the same elasticity value whether the price rises or falls: This approach keeps the elasticity value constant regardless of price change direction. The size of the value represents the degree of responsiveness, regardless of price change.
D. When demand is perfectly elastic, it is the only method that calculates zero: Any price change causes an infinite percentage change in amount demanded when demand is perfectly elastic. In this scenario, the midway formula guarantees zero elasticity.
This method gives a standardised and relevant measure of demand's reaction to price changes, allowing for product and market comparisons.
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Please work in groups of two students for this assignment. Your group will choose two of the following theories of employee motivation below: 1. Needs Hierarchy (Abraham Maslow) 2. Theory X and Theory Y (Douglas McGregor) 3. Expectancy Theory (Victor Vroom) Each group will write a report containing the following information: • Detailed description of the chosen theories • Identify how the theory applies to human resources in the tourism industry in terms of reducing turnover, increasing productivity, etc. Report must be typed using Microsoft Word, double spaced, 12 size fonts. Report must include a proper title page and works cited page. Report must be at least five pages plus the title page and works cited page which totals seven pages.
Since we cannot write the report for you here, you can use the information about the theories of motivation given below to support your writing:
Chosen Theories:
Needs Hierarchy (Abraham Maslow)Expectancy Theory (Victor Vroom)Needs Hierarchy (Abraham Maslow):
Maslow's theory suggests that individuals have a hierarchical arrangement of needs, ranging from basic physiological needs to higher-level psychological needs.The hierarchy includes physiological needs, safety needs, social needs, esteem needs, and self-actualization needs.In the tourism industry, addressing employee needs can reduce turnover and increase job satisfaction and productivity.Providing fair compensation, safe working conditions, opportunities for social interaction, recognition, and growth can contribute to meeting these needs.Expectancy Theory (Victor Vroom):
Expectancy theory proposes that individuals are motivated to act based on their expectations of achieving desired outcomes.It involves three key elements: expectancy (belief that effort leads to performance), instrumentality (belief that performance leads to rewards), and valence (value attached to the rewards).In the tourism industry, applying this theory can increase employee motivation and performance.By setting clear performance expectations, offering meaningful rewards, and ensuring employees value those rewards, organizations can enhance employee motivation, job satisfaction, and productivity.How to write the reportTo write a report on employee motivation theories for human resources in the tourism industry, follow these steps:
Introduction: Provide a brief overview of the purpose of the report and introduce the chosen theories: Needs Hierarchy (Abraham Maslow) and Expectancy Theory (Victor Vroom).Theory Descriptions: Detail each theory separately, explaining the main concepts and principles. For Maslow's Needs Hierarchy, describe the hierarchical arrangement of needs and its relevance to employee motivation. For Vroom's Expectancy Theory, explain the elements of expectancy, instrumentality, and valence and how they influence motivation.Application in Tourism Industry: Explore how each theory can be applied to human resources in the tourism industry. Focus on reducing turnover, increasing productivity, and other relevant areas. Provide specific examples, such as addressing employee needs through fair compensation, safe working conditions, social interactions, recognition, and growth opportunities. For Expectancy Theory, discuss how setting clear expectations, offering meaningful rewards, and aligning rewards with employee values can enhance motivation and performance.Conclusion: Summarize the key points of the report, emphasizing the importance of understanding and applying these motivational theories in the tourism industry to foster employee satisfaction, productivity, and retention.Remember to use clear and concise language, provide relevant examples, and properly cite any sources used. Make sure to proofread your work and have others read it and give you feedback.
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An illegal connection was observed on a 300 mm diamefer horizontal pipe. Upstream from the connection, two gages 600 m apant showed a pressure difference of 140kPa. Downstream from the connection still 600 m showed a pressure difierence of 116kPa. Assuming a loss of head of 50%&40% of the velocity head every 50 mefers at the upstream point and downstream point respectively. 19. How much oil of specific gravity 0.85 is stolen?
Approximately 150.195 kg of oil with a specific gravity of 0.85 has been stolen.First, let's calculate the velocity head at the upstream and downstream points:
Velocity head at upstream point:
h1 = (140,000 Pa) / (ρ * g)
= (140,000 N/m^2) / (1,000 kg/m^3 * 9.81 m/s^2)
≈ 14.3 m
Velocity head at downstream point:
h2 = (116,000 Pa) / (ρ * g)
= (116,000 N/m^2) / (1,000 kg/m^3 * 9.81 m/s^2)
≈ 11.8 m
Next, let's calculate the total loss of head due to friction along the pipe:
Total length of the pipe = 2 * 600 m = 1,200 m
Loss of head per 50 meters upstream:
Loss1 = (50/100) * h1 = 0.5 * 14.3 m = 7.15 m
Loss of head per 50 meters downstream:
Loss2 = (40/100) * h2 = 0.4 * 11.8 m = 4.72 m
Total loss of head due to friction:
Total Loss = [(Total length of the pipe / 50 m) * Loss1] + [(Total length of the pipe / 50 m) * Loss2]
= [(1,200 m / 50 m) * 7.15 m] + [(1,200 m / 50 m) * 4.72 m]
= 27.36 m + 16.128 m
≈ 43.49 m
Now, let's calculate the stolen oil volume using Bernoulli's equation:
h1 - h2 = hF + hstolen
14.3 m - 11.8 m = 43.49 m + hstolen
2.5 m = hstolen
The stolen oil volume can be calculated using the formula:
Volume = Area * Height
= π * r^2 * hstolen
= π * (0.15 m)^2 * 2.5 m
≈ 0.1767 m^3
Finally, let's calculate the mass of stolen oil using the specific gravity:
Mass = Volume * Density
= 0.1767 m^3 * 850 kg/m^3
≈ 150.195 kg
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under which basis of accounting for a government should revenues be recognized in the period when they are measurable and available? accrual basismodified accrual basisa)yesnob)nonoc)noyesd)yesyesmultiple choicechoice d.choice b.choice a.choice c.
Under the accrual basis of accounting for a government, revenues should be recognized in the period when they are measurable and available.
Regardless of when cash is received, the accrual foundation of accounting records revenues as soon as they are earned and quantifiable. Accordingly, revenues must be recorded in the time in which they are realized and made usable. The financial accounts of the government more correctly represent the economic activity and performance of the reporting period as a result.
By using this method, even if cash has not yet been received, revenues are recorded as soon as they are receivable. As opposed to this, the modified accrual basis of accounting employed in governmental accounting records revenues as soon as they are observable and measurable during the current or soon-to-expired fiscal period.
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The given question is incomplete, complete question is- "under which basis of accounting for a government should revenues be recognized in the period when they are measurable and available?
accrual basis
modified accrual basis"
P5-37 Value of a mixed stream Neil Tyson has developed a prototype of an armored fab- ric that is very light, but is capable of stopping projectiles as efficiently as a tradi- tional bullet-proof jacket. A military supplier is considering the technology and has offered to pay Neil £30,000 in years 1, 2, and 3; and £40,000 in years 4 to 6. All payments will be made at the end of each year. a. Lay out the cash flows involved in the offer on a timeline. b. If Neil applies a required rate of return of 10% to them, what is the present value of this series of payments? c. Another company has made an offer of a one-time payment of £275,000 for the fabric. Which offer should Neil accept?
Neil Tyson should accept the offer from the second company, which offers a one-time payment of £275,000 for the fabric.
a. To lay out the cash flows involved in the first offer on a timeline, we can represent the years and corresponding payment amounts as follows:
Year 1: £30,000
Year 2: £30,000
Year 3: £30,000
Year 4: £40,000
Year 5: £40,000
Year 6: £40,000
b. To calculate the present value of the series of payments from the first offer, we need to discount each payment back to its present value using the required rate of return of 10%. We can use the formula for calculating the present value of an annuity:
PV = C * (1 - (1 + [tex]r)^{-n[/tex]) / r
Where PV is the present value, C is the cash flow in each period, r is the discount rate, and n is the number of periods.
Calculating the present value of the cash flows in years 1 to 3:
PV1-3 = (£30,000 * (1 - (1 + 0.[tex]10)^{-3)})[/tex] / 0.10
Calculating the present value of the cash flows in years 4 to 6:
PV4-6 = (£40,000 * (1 - (1 + 0.[tex]10)^{-3)[/tex]) / 0.10
The present value of the series of payments from the first offer is the sum of PV1-3 and PV4-6.
c. The second offer is a one-time payment of £275,000. To compare this with the present value of the first offer, we need to consider the time value of money. If the present value of the first offer is higher than £275,000, Neil should accept the first offer. However, if the present value is lower, Neil should accept the second offer.
Comparing the present value of the first offer to £275,000 will determine which offer Neil should accept.
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uppose that the mark-up of goods prices over marginal cost is 25% (0.25), and the wage setting equation is given by W = P(1-5u). Calculate the real wage, as determined by the price-setting equation. (b) Consider (a). Solve for the natural rate of unemployment. (c) Suppose that the mark-up of goods prices over marginal cost is 25% (0.25) and suppose that the government wants to introduce unemployment benefits z. After introduction of z the wage setting equation is given by W = P(1-5u+z). The government aims to have a natural rate of unemployment of 6%. At what value should the government set z to reach this aim?
The real wage, as determined by the price-setting equation, is
W = P(1-5u).
The given wage setting equation is W = P(1-5u), where W represents the real wage, P represents the price of goods, and u represents the unemployment rate.
In the price-setting equation, the mark-up of goods prices over marginal cost is given as 25% or 0.25. This means that the price of goods (P) is equal to 1.25 times the marginal cost.
To calculate the real wage, we substitute the price equation into the wage equation:
W = P(1-5u) = 1.25(1-5u)
Now, we can simplify this equation to express the real wage in terms of the unemployment rate:
W = 1.25 - 6.25u
This equation shows that the real wage is inversely related to the unemployment rate. As the unemployment rate increases, the real wage decreases.
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Suppose that in an economy MPC is estimated to be 0.90. Congress has decided that 90 percent of an increase in a specific govemment expenditure initiative (G) must be covered by an increase in taxes (T). Both G and T are independent of income. For this economy, the net value of the government spending multiplier is (Enter your response rounded to two decimal places)
The net value of the government spending multiplier in this economy is 10.
The government spending multiplier represents the impact of a change in government spending on the overall economy. In this scenario, the marginal propensity to consume (MPC) is estimated to be 0.90, indicating that 90% of any increase in income will be spent.
Congress has decided that 90% of any increase in government expenditure (G) will be covered by an increase in taxes (T), implying a balanced fiscal policy. Both G and T are independent of income, meaning they are not influenced by changes in the level of economic activity.
To calculate the net value of the government spending multiplier, we can use the formula: multiplier = 1 / (1 - MPC*(1 - T)), where T represents the proportion of the increase in G covered by an increase in taxes.
Given that T is 90% (0.90), we can substitute the values into the formula: multiplier = 1 / (1 - 0.90*(1 - 0.90)) = 10.
Therefore, the net value of the government spending multiplier in this economy is 10, indicating that a $1 increase in government spending would lead to a $10 increase in the overall output or income of the economy.
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intervention in the foreign exchange market is the process of a. commercial banks in different countries coordinating efforts in order to stabilize one or more currencies b. a central bank buying or selling its currency in order to influence its value c. a central bank requiring the commercial banks of that country to trade at a set price level d. the government of a country prohibiting transactions in one or more currencies
intervention in the foreign exchange market is the process of a central bank buying or selling its currency in order to influence its value. So the correct option is (b).
Central banks often intervene in the foreign exchange market to stabilize their currency's exchange rate or to manage its value relative to other currencies.
By buying or selling its currency, a central bank can increase or decrease its supply in the market, which can impact the currency's exchange rate.
The goal of such intervention is to maintain stability and manage the competitiveness of a country's currency in international trade.
Therefore the right option is (b) a central bank buying or selling its currency in order to influence its value.
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Do you think social responsibility will have to be legislated in the future, or will companies choose to be more socially responsible to meet the expectations of customers and/or other stakeholders?
Social responsibility may be embraced voluntarily by companies, but legislation could be necessary for consistency and accountability in the future.
The question of whether social responsibility will need to be legislated or if companies will voluntarily embrace it to meet stakeholder expectations is complex and multifaceted. While it is challenging to predict the exact future scenario, we can analyze the factors at play and propose a step-by-step explanation:
1. Growing awareness and demand: As society becomes more informed and interconnected, there is a rising awareness of social and environmental issues. Customers and other stakeholders are increasingly prioritizing companies that demonstrate social responsibility. This trend puts pressure on companies to align with societal expectations.
2. Voluntary initiatives and standards: In response to stakeholder demands, companies often initiate voluntary efforts to enhance their social responsibility. They may establish corporate social responsibility (CSR) programs, adopt sustainable practices, support community initiatives, and promote ethical behavior. These initiatives are driven by the desire to maintain a positive reputation, attract customers, and retain talented employees.
3. Mixed results and inconsistent practices: While many companies proactively embrace social responsibility, there are instances where businesses prioritize short-term profits over long-term sustainability. This leads to inconsistent practices and a lack of standardization across industries.
4. Legislative interventions: In cases where voluntary efforts fall short or are insufficient, governments may intervene through legislation. Laws and regulations can set minimum standards for social responsibility, establish reporting requirements, or provide incentives for companies to adopt sustainable practices. Legislative interventions can act as a catalyst for widespread adoption and ensure a level playing field.
5. Balancing interests and public opinion: Legislating social responsibility is a delicate balance between protecting societal interests and maintaining a favorable business environment. Governments must consider the opinions of various stakeholders, including businesses, consumers, advocacy groups, and experts, to develop effective and equitable regulations.
6. Collaborative approaches: To bridge the gap between voluntary efforts and legislative interventions, collaborative approaches can emerge. Industry-wide initiatives, multi-stakeholder partnerships, and collective action can facilitate the adoption of socially responsible practices without relying solely on legislation.
In conclusion, while voluntary efforts and stakeholder pressures can drive companies towards greater social responsibility, legislation may be necessary to ensure consistency, accountability, and widespread adoption. The future is likely to involve a combination of voluntary initiatives, industry standards, collaborative approaches, and targeted legislative interventions to achieve the desired balance between business interests and societal expectations.
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Refer to the diagram to the right. The closed-economy equilibrium price is $14. The world price is $4. What is the quantity of imports at the world price of $4? Imports =___units. (Enter your response as a whole number.) By how much will imports be reduced with the introduction of the $2 tariff? Imports decrease by___units. (Enter your response as a whole number.) How much tariff revenue is generated by the $2 addition? Tariff revenue = $___(Enter your response as a whole number.)
The closed-economy equilibrium price is $14. The world price is $4. So, the answer is: Imports = 45 units. Imports decreased by 20 units. Tariff revenue = $200
In the diagram, the domestic supply and demand are shown, as well as the world price and domestic price. When a country is an importer of a good and the world price is below the domestic equilibrium price, then it is likely to import a certain quantity of that good from the rest of the world.
In the above figure, we can see that the world price is lower than the equilibrium price in the country, which indicates that the country will import the good. This means that the country will import 45 units at the world price of $4.
By adding a $2 tariff, the domestic price of the good will increase by $2, which will result in the domestic price exceeding the world price. This means that the country will no longer import 45 units of the good, but only 25 units of it.
Therefore, imports decrease by 20 units. Tariff revenue is calculated as follows:
Tariff Revenue = Tariff x ImportsTariff Revenue = $2 x 100Tariff Revenue = $200 Therefore, the tariff revenue generated by the $2 addition is $200.
So, What is the quantity of imports at the world price of $4? Imports = 45 units. (enter your response as a whole number.) By how much will imports be reduced with the introduction of the $2 tariff? Imports decreased by 20 units.
(Enter your response as a whole number.) How much tariff revenue is generated by the $2 addition? Tariff revenue = $200 (Enter your response as a whole number.)
Therefore the answer is: Imports = 45 units. Imports decreased by 20 units. Tariff revenue = $200
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Which of the following will not result in a right of use asset appearing on the lessee's balance sheet? 1. A 5 year lease treated as a finance lease. 2. A 5 year lease treated as an operating lease. 3. A 6 month lease. 4. A 5 year lease in a sale-leaseback transaction where there is a failed sale. O3 and 4 O2, 3, and 4 2 and 4 O 3 only
The correct answer is option 2, a 5-year lease treated as an operating lease. However, operating leases (option 2) are typically not recognized on the lessee's balance sheet. Instead, the lease payments are treated as operating expenses over the lease term.
Under the current accounting standards, specifically the IFRS 16 and ASC 842, leases classified as finance leases generally result in the recognition of a right-of-use (ROU) asset and lease liability on the lessee's balance sheet. This applies to option 1, where a 5-year lease is treated as a finance lease.
Option 3, a 6-month lease, is also unlikely to meet the criteria for recognition of a right-of-use asset, as short-term leases with a lease term of 12 months or less are exempt from balance sheet recognition under both IFRS 16 and ASC 842.
Option 4, a 5-year lease in a sale-leaseback transaction where there is a failed sale, may still result in the recognition of a right-of-use asset and lease liability on the lessee's balance sheet. In a sale-leaseback transaction, the lessee sells an asset to a lessor and then leases it back. The classification and recognition of the lease would depend on whether the lease is a finance lease or an operating lease based on the criteria outlined in the accounting standards.
Therefore, the answer is option 2: A 5-year lease treated as an operating lease.
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Nonconstant Dividend Growth Valuation Conroy Consulting Corporation (CCC) has a current dividend of Do =$2.80. Shareholders require a 10% rate of return. Although the dividend has been growing at a rate of 30% per year in recent years, this growth rate is expected to last only for another 2 years (90,1=91,2=30%). After Year 2 , the growth rate will stabilize at g L=8% a. What is CCC's stock worth today? Do not round intermediate calculations. Round your answer to the nearest cent. 5 b. What is the expected stock price at Year 1 ? Do not round intermediate calculations. Round your answer to the nearest cent. 5 c. What is the Year 1 expected (1) dividend yield, (2) capital gains yield, and (3) total return? Do not round intermediate calculations. Round your answers to two decimal places. Dividend yield: Capital gains yield: Total return: d. What is its expected dividend yield for the second year? The expected capital gains yield? The expected total return? Do not round intermediate calculations. Round your answers to two decimal places. Dividend yield: Capital gains yield: Total return:
Conroy Consulting Corporation (CCC) has a stock value of $652.82 today, an expected stock price of $650.58 at Year 1, and expected returns for Year 1 and Year 2.
To calculate the stock value, expected stock price, and returns for Conroy Consulting Corporation (CCC), we can follow these steps:
a. Stock value today (P0):
To calculate the stock value today, we need to find the present value of the expected dividends. Given the dividend growth rate and required rate of return, we can use the dividend discount model (DDM).
P0 = D1 / (1 + r) + D2 / (1 + r)^2 + P2 / (1 + r)^2
= $2.80 / (1 + 0.10) + $2.80 * (1 + 0.30) / (1 + 0.10)^2 + ($2.80 * (1 + 0.30)^2) / (0.10 - 0.08) / (1 + 0.10)^2
= $2.80 / 1.10 + $3.64 / 1.21 + $15.61 / 0.02 / 1.21
= $2.54 + $3.01 + $647.27
= $652.82
Therefore, CCC's stock is worth $652.82 today.
b. Expected stock price at Year 1 (P1):
To calculate the expected stock price at Year 1, we use the same formula but with only the Year 1 dividend.
P1 = D2 / (1 + r) + P2 / (1 + r)^2
= $2.80 * (1 + 0.30) / (1 + 0.10) + ($2.80 * (1 + 0.30)^2) / (0.10 - 0.08) / (1 + 0.10)^2
= $3.64 / 1.10 + $15.61 / 0.02 / 1.21
= $3.31 + $647.27
= $650.58
Therefore, the expected stock price at Year 1 is $650.58.
c. Year 1 expected returns:
Dividend yield = D1 / P0
D1 = $2.80 * (1 + 0.30) = $3.64
Dividend yield = $3.64 / $652.82 = 0.00558 or 0.56%
Capital gains yield = (P1 - P0) / P0
Capital gains yield = ($650.58 - $652.82) / $652.82 = -0.00344 or -0.34%
Total return = Dividend yield + Capital gains yield
Total return = 0.56% - 0.34% = 0.22% or 0.0022
d. Expected dividend yield, capital gains yield, and total return for Year 2:
Dividend yield = D2 / P1
D2 = $2.80 * (1 + 0.30)^2 = $15.61
Dividend yield = $15.61 / $650.58 = 0.024 or 2.4%
Capital gains yield = gL = 8% = 0.08
Total return = Dividend yield + Capital gains yield
Total return = 2.4% + 8% = 10.4% or 0.104
Therefore, for Year 2, the expected dividend yield is 2.4%, the expected capital gains yield is 8%, and the expected total return is 10.4%.
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who would not have to file a u-4 registration application as an investment adviser representative with the state? a a director of the investment advisory firm who does not have any sales responsibility b an outside contractor who is retained by the investment advisory firm to find new clients c an employee of the investment advisory firm who solely solicits potential clients in the state where the advisory firm has its principal office d an employee of the investment advisory firm who solely solicits potential clients in states other than the state where the advisory firm has its principal office
The person that would NOT have to file a U-4 registration application as an Investment Adviser Representative with the State is A A director of the investment advisory firm who does not have any sales responsibility
What is a U4 form?The uniform application for securities industry registration or transfer is known as Form U4.
This form must be used by representatives of broker-dealers, investment advisers, or securities issuers in order to register with the relevant authorities and/or SROs. Registered representatives must state on the Form U4 if they have ever been "charged with any felony" or "convicted of any felony" in a domestic, foreign, or military court, or if they have "pled guilty or nolo contendere to any offense.
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You are buying your first car and are paying 20%as a down payment. You have arranged to finance the remaining amount with a 5-year loan with a 3% nominal interest rate and equal monthly payments of $ 359.37. What is the price of the car
When buying a car, the price of the car must be calculated along with the percentage down payment and the amount financed. The price of the car can be found by using the formula: Down Payment + Amount Financed = Price of Car. To calculate the monthly payments, we can use the formula: Payment = Amount Financed x (r(1 + r)n) / ((1 + r)n - 1). Using the given monthly payment of $359.37 and the interest rate of 3%, we can solve for the price of the car, which is $21,562.07.
When buying a car, the price of the car must be calculated along with the percentage down payment and the amount financed. The question provides that 20% of the car price is paid as a down payment. The price of the car can be found by using the formula: Down Payment + Amount Financed = Price of Car Given that the down payment is 20%, the amount financed is 80%. This can be calculated by:100% - 20% = 80%Therefore, the amount financed is 80% of the price of the car.
Now we can use this information to find the price of the car. Down Payment + Amount Financed = Price of Car20% x Price of Car + 80% x Price of Car = Price of Car100% x Price of Car = 1.00 x Price of Car20% x Price of Car + 80% x Price of Car = Price of Car100% x Price of Car = 1.00 x Price of Car20% x Price of Car + 80% x Price of Car = Price of Car100% x Price of Car = 1.00 x Price of Car100% x Price of Car = $ X Therefore, the price of the car is $ X. To calculate the monthly payments, we can use the formula:
Payment = Amount Financed x (r(1 + r)n) / ((1 + r)n - 1)Where, r = Monthly interest rate, n = Number of payments, and Amount Financed = Price of Car - Down Payment Given that the interest rate is 3%, the monthly interest rate is 3 / 12 = 0.0025.Payment = (Price of Car - Down Payment) x (r(1 + r)n) / ((1 + r)n - 1)Payment = (Price of Car - Down Payment) x (0.0025(1 + 0.0025)^60) / ((1 + 0.0025)^60 - 1)Using the given monthly payment of $359.37, we can solve for the price of the car.359.37 = (Price of Car - Down Payment) x (0.0025(1 + 0.0025)^60) / ((1 + 0.0025)^60 - 1)Therefore, the price of the car is $21,562.07.
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Rashida purchases a house for $260,000 and takes a mortgage for the full amount. Her mortgage charges 3% per year and interest is compounded monthly. She will repay the loan over 25 years with equal monthly payments. How much of the 1 st payment would be applied toward interest and how much of the 1st payment would be principal? Click here to access the TVM Factor Table calculator. Interest =$ Principal =$ Carry all interim calculations to 5 decimal places and then round your final answers to a whole number. The tolerance is ±2.
The amount of the first payment that would be applied toward interest is $650, and the amount that would be applied toward principal is $740.35.
To calculate the amount of the first payment that would be applied toward interest and principal, we can use the formula for calculating the monthly payment on a mortgage.
The formula to calculate the monthly mortgage payment is:
M = P * (r * (1 + r)^n) / ((1 + r)^n - 1)
Where:
M = Monthly payment
P = Principal amount (loan amount)
r = Monthly interest rate
n = Total number of payments (number of years * 12)
In this case, Rashida's loan amount is $260,000, the monthly interest rate is 3% / 12 = 0.0025, and the total number of payments is 25 years * 12 = 300 payments.
Let's plug these values into the formula to calculate the monthly payment:
M = 260,000 * (0.0025 * (1 + 0.0025)^300) / ((1 + 0.0025)^300 - 1)
Using a financial calculator or spreadsheet, we can find that the monthly payment, M, is approximately $1,390.35.
Now, to determine the amount of the first payment that goes toward interest and principal, we need to calculate the interest portion and the principal portion of the payment.
To calculate the interest portion of the first payment, we multiply the outstanding principal balance by the monthly interest rate:
Interest = Outstanding Principal Balance * Monthly Interest Rate
Since this is the first payment, the outstanding principal balance is equal to the original loan amount, $260,000.
Interest = $260,000 * 0.0025 = $650
To calculate the principal portion of the first payment, we subtract the interest portion from the total monthly payment:
Principal = Total Monthly Payment - Interest
Principal = $1,390.35 - $650 = $740.35
Note: The interim calculations have been carried out to 5 decimal places as requested, but the final answers have been rounded to a whole number based on the given tolerance.
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If the vaccine to prevent 'coronavirus related disease' is left for market to be produced, market will produce exactly the same amount society requires overproduce it underproduce it
The idea that the market will produce the exact amount of the vaccine to prevent coronavirus-related diseases that society requires is a bit unrealistic.
The market is driven by the profit motive, and in the case of vaccines, there are a lot of factors that can influence supply and demand.
For example, the market may underproduce the vaccine if there are high production costs or if there is a lack of investment in vaccine research and development.
Additionally, there may be shortages of critical resources or skilled personnel that can delay the production of the vaccine.
On the other hand, the market may overproduce the vaccine if there is a lack of coordination between producers or if there is a lack of information on how much vaccine is actually needed.
Overproduction can result in wasted resources and increased costs, which can be passed on to consumers.
Ultimately, the market is not perfect, and relying solely on market forces to produce and distribute vaccines can lead to inefficiencies and inequalities in access to healthcare.
Governments and international organizations may need to step in to ensure that vaccines are produced and distributed fairly and efficiently to all those who need them.
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(Annuity payments) Ford Motor Company's current incentives include 3.3 percent APR financing for 60 months or $1.400 cash back on a Mustang. Let's assume Suzie Student wants to buy the premium Mustang convertible, which costs $26,000, and she has no down payment other than the cash back from Ford. If she chooses the $1,400 cash back, Suzie can borrow from the VTech Credit Union at 5.3 percent APR for 60 months (Suzie's credit isn't as good as Prof. Finance). What will Suzie Student's monthly payment be under each option? Which option should she choose?
She should choose Option 1, which offers the 3.3% APR financing for 60 months. Under this option, her monthly payment would be approximately $446.22.
Let's calculate Suzie Student's monthly payment under each financing option:
Option 1: 3.3% APR financing for 60 months
Loan amount = Cost of the Mustang - Cash back from Ford = $26,000 - $1,400 = $24,600
APR = 3.3%
Loan term = 60 months
Using a loan calculator or financial software, we can calculate the monthly payment. The monthly payment under this option is approximately $446.22.
Option 2: Borrowing from VTech Credit Union at 5.3% APR for 60 months
Loan amount = Cost of the Mustang = $26,000
APR = 5.3%
Loan term = 60 months
Using a loan calculator or financial software, we can calculate the monthly payment. The monthly payment under this option is approximately $492.42.
Suzie Student should choose the option with the lower monthly payment. Therefore, she should choose Option 1, which offers the 3.3% APR financing for 60 months. Under this option, her monthly payment would be approximately $446.22.
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You have an investment opportunity that requires an initial investment of $6,500 today and will pay $7,600 in one year. What is the rate of return of this opportunity?
The rate of return for this investment opportunity is approximately 16.92%.
To calculate the rate of return, we can use the formula for the rate of return:
Rate of Return = (Ending Value - Initial Investment) / Initial Investment * 100.
Substituting the given values, we have:
Rate of Return = ($7,600 - $6,500) / $6,500 * 100.
Simplifying the equation, we find that the rate of return is approximately 16.92%.
The rate of return represents the percentage gain or loss on an investment relative to the initial investment. In this case, the investment opportunity generates a positive return of 16.92%, indicating that the investment is profitable.
It's important to note that the rate of return calculation assumes that the investment is held for one year and that the ending value represents the total value received at the end of the investment period.
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Assume that nation 1 has comparative advantage in corn production. Then, a partial equilibrium analysis of the corn industry in nation 1 and in nation 2 shows that_________ 1) the relative price of corn is higher in nation 1 than in nation 2 with trade. 2) the relative price of corn increases with trade in nation 2. 3) the relative price of corn increases with trade in nation 1. 4) the relative price of corn decreases with trade in nation 1.
Assuming that nation 1 has a comparative advantage in corn production, then the partial equilibrium analysis of the corn industry in nation 1 and nation 2 shows that the relative price of corn increases with trade in nation 2.Option 2: the relative price of corn increases with trade in nation
2.A comparative advantage is an economic term that describes a country's ability to produce a particular good or service at a lower opportunity cost than another country. When a nation has a comparative advantage, it implies that it is more efficient in the production of a particular good than any other country or nation.Trade between two countries will increase the price of a commodity in the country that imports the commodity and decrease it in the country that exports the commodity.
The relative price of corn will increase with trade in nation 2 because the country can produce corn more efficiently, and its price will be high since it has to import corn to meet local demand. The relative price of corn decreases with trade in nation 1 since it has a comparative advantage in corn production. Nation 1 can produce corn more efficiently, and its price will be low because it is exporting corn to other nations.
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Our Environmental Thinking. We Will ‘Go Green’, Incorporating Environmental Values Into Our Competitive Strategy And In The Operation Of Our Facilities." A Good Business Reason To Take These Steps Is To
Alitza Portuhondo, CEO of Sanderson Products, told her executive management team, "We will undergo a paradigm shift in our environmental thinking. We will ‘go green’, incorporating environmental values into our competitive strategy and in the operation of our facilities." A good business reason to take these steps is to
A. take advantage of abundant raw materials, cheap energy, and unconstrained waste disposal.
B. create competitive advantage.
C. view environmental rules solely as a burden and a cost.
D. acknowledge environmental issues as a no-win situation
By making environmentally conscious business choices, businesses can gain a competitive advantage while also helping to create a better environment
Alitza Portuhondo, CEO of Sanderson Products, told her executive management team, "We will undergo a paradigm shift in our environmental thinking. We will ‘go green’, incorporating environmental values into our competitive strategy and in the operation of our facilities." A good business reason to take these steps is to create a competitive advantage.
Environmental thinking is a company’s ability to make environmentally conscious business choices that are good for the environment while also saving money and adding value to the bottom line. It’s not just about being socially responsible. Environmental thinking can be used to enhance business practices, reduce costs, and give your organization a strategic edge.
The incorporation of environmental values into a company's competitive strategy and facility operations is considered a good business reason because it can help to create a competitive advantage. Environmental thinking can assist businesses in reducing expenses, increasing efficiency, and promoting sustainable business practices.According to studies, more than 80% of consumers prefer to buy from businesses that prioritize environmental protection. In addition, many companies are required to meet environmental standards and regulations.
By making environmentally conscious business choices, businesses can gain a competitive advantage while also helping to create a better environment.
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Explain what it means to understand what the GDP is and how does it either influence businesses or create a negative economy, such as during the four different phases of the business cycles addressing each different phase?
Gross Domestic Product (GDP) is an important measure of a country's economic growth and well-being. It is the total value of goods and services produced within a country's borders over a specific period, usually a year. GDP affects businesses in different ways depending on the phase of the business cycle.
The business cycle has four different phases; expansion, peak, contraction and trough. During each phase, GDP influences businesses differently. Here is how it happens. Expansion phase:During the expansion phase, GDP is high, businesses are experiencing growth, and unemployment is low. This is a favorable phase for businesses because consumers have money to spend, and businesses are experiencing growth.
At this phase, businesses are encouraged to focus on surviving the economic downturn and avoid expanding their operations. .In conclusion, GDP is an essential indicator of the country's economic performance and affects businesses differently depending on the phase of the business cycle. In the contraction and trough phases, businesses need to focus on survival and cost reduction to avoid going out of business.
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A monopoly is considering selling several units of a homogeneous product as a single package. Analysts at your firm have determined that a typical consumer’s demand for the product is Qd = 60 − 0.25P, and the marginal cost of production is $80.
a. Determine the optimal number of units to put in a package.
40 correct.units
b. How much should the firm charge for this package?
$__________
To find the optimal number of units, we need to find the quantity demanded at different prices. Setting the profit function equal to zero, we can solve for the price and quantity demanded. At a price of $320 (60 - 0.25P = 0), Therefore, the optimal number of units to put in a package is 40.
In order to determine the optimal number of units to put in a package, the firm needs to maximize its profit. Profit is calculated by subtracting the total cost from the total revenue.
Since the marginal cost of production is $80 and the demand function is Qd = 60 - 0.25P, where Qd represents the quantity demanded and P represents the price, we can set up the profit function.
Profit = (P - 80) * Qd
To determine the price of the package, we substitute the optimal quantity (40) into the demand function: Qd = 60 - 0.25P. Solving for P, we find that P = $48. Hence, the firm should charge $48 per package. This price maximizes the firm's profit given the demand and cost conditions.
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Describe the fixed-quantity and the fixed-period inventory system, the advantage and disadvantage of each system, and under what circumstances should each system be adopted.
Fixed-Quantity Inventory System: In a fixed-quantity inventory system, also known as the Economic Order Quantity (EOQ) model, a predetermined inventory quantity is ordered whenever the stock reaches a reorder point. The amount requested remains fixed, regardless of the demand fluctuations. Fixed-Period Inventory System: In a fixed-period inventory system, inventory is reviewed and ordered at predetermined intervals, regardless of the inventory level. The quantity ordered can vary based on the current inventory position.
Advantages of Fixed-Quantity Inventory System: Cost efficiency: By ordering in bulk quantities, economies of scale can be achieved, leading to lower purchasing and transportation costs per unit. Reduced stockouts: A fixed amount ensures that a particular inventory level is maintained, reducing the risk of stockouts and associated customer dissatisfaction. Simplified inventory management: The fixed-quantity system allows for easier tracking and control of inventory levels, simplifying the management process. Disadvantages: Higher carrying costs: Ordering in more significant quantities leads to higher carrying costs, such as storage expenses and the risk of obsolescence or spoilage. Increased risk of inventory obsolescence: If demand patterns change or products become obsolete, having a fixed quantity can result in excess inventory that may not be utilized efficiently. Lack of flexibility: The fixed-quantity system needs to accommodate fluctuations in demand or seasonality easily. When to adopt: The fixed-quantity inventory system is suitable in situations where demand is relatively stable, there are cost advantages to ordering in bulk quantities, and the risk of stockouts must be minimized. It is commonly used for items with predictable demand patterns and when carrying costs are relatively low compared to ordering costs. Advantages of Fixed-Period Inventory System: Flexibility: The fixed-period system allows more flexibility in ordering decisions, as the quantity ordered can be adjusted based on the current inventory position and demand fluctuations. Lower carrying costs: Since inventory levels can be reviewed periodically, there is an opportunity to reduce carrying costs by ordering only necessary. Adaptability to demand fluctuations: The fixed-period system accommodates variations in demand, as the order quantity can be adjusted based on the current stock level and anticipated requirements. Disadvantages: Increased risk of stockouts: The fixed-period system introduces a higher risk of stockouts since inventory levels are not continuously monitored. Potentially higher ordering costs: Ordering at regular intervals may result in higher ordering costs due to more frequent transactions and smaller order quantities. Increased complexity in inventory management: The variable order quantity in a fixed-period system requires more sophisticated inventory management techniques to ensure accurate order calculations. When to adopt: The fixed-period inventory system is suitable when demand is uncertain or variable and the cost of carrying inventory is relatively high compared to ordering costs. It is commonly used for items with irregular demand patterns, seasonal products, or when frequent stock-level reviews are not feasible.
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What are two important strategies for managing your job
search?
What items should be included in your Career Management Files
Binder? How will the binder be useful to you throughout your
career?
Two important strategies for managing your job search are creating a structured plan with clear goals and timelines, and leveraging a variety of job search methods and resources to maximize opportunities.
Managing a job search effectively requires strategic planning and utilizing various resources. Two key strategies are:
a) Create a structured plan: Establishing a well-defined plan with specific goals and timelines provides clarity and direction during the job search. Break down the process into manageable steps, such as updating your resume, researching companies, networking, and submitting applications.
b) Utilize multiple job search methods and resources: Relying on a single job search method may limit opportunities. Explore a diverse range of avenues, including online job boards, professional networking platforms, industry-specific websites, career fairs, and recruitment agencies.
A Career Management Files Binder should include essential documents such as resumes, cover letters, reference letters, certifications, transcripts, performance evaluations, and professional development records. The binder serves as a centralized repository of career-related documents, allowing easy access, organization, and reflection throughout your career.
A Career Management Files Binder is a valuable tool for organizing and tracking important career-related documents. It should include the following items:
a) Resumes and cover letters: Keep copies of your updated resumes and cover letters to reference when applying for jobs or updating your professional profile.
b) Reference letters: Include reference letters from previous employers, colleagues, or mentors to validate your skills and qualifications when needed.
c) Certifications and transcripts: Maintain copies of relevant certifications, degrees, and transcripts to showcase your educational achievements and qualifications.
Throughout your career, the binder serves as a centralized and organized repository of important documents, allowing easy access and retrieval. It helps you keep track of your career progression, update your materials efficiently, and reflect on your achievements and growth.
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Lakeeta knows her performance review will be both good and bad. She made several organizational changes that saved the firm money but the firm still had a down quarter due to the anemic economy. Consumers just quit spending money. Which of these statements is the most accurate? A) Lakeeta's job suggests that both the omnipotent and the symbolic roles of management exist. B) Lakeeta's position is largely symbolic since she cannot influence the outcomes. C) Lakeeta may lose her job due to the lower sales this past quarter if her boss believes in the symbolic view of management. D) Lakeeta obviously has no ability to influence outcomes so she believes in the omnipotent view of management. The downfall of the furniture industry due to the subprime mortgage crisis and subsequent job loss of a number of managers in that industry would lend credence to the view of management. A) prescient B) omnipotent C) symbolic D) systemic
The correct option is C) Lakeeta may lose her job due to the lower sales this past quarter if her boss believes in the symbolic view of management.
The correct option is D) Systemic
The statement "Lakeeta may lose her job due to the lower sales this past quarter if her boss believes in the symbolic view of management." suggests that Lakeeta's job security is at risk because of the lower sales in the past quarter, particularly if her boss adheres to the symbolic view of management. The symbolic view holds that managers are primarily figureheads who are judged based on external factors rather than their actual ability to influence outcomes. Given the information provided, where the firm had a down quarter due to the anemic economy and consumers stopped spending money, it is plausible that Lakeeta's boss might consider the symbolic view and potentially hold her responsible for the lower sales. Thus, this statement is the most accurate based on the given information.
The reference to the downfall of the furniture industry suggests that the management issues faced by the industry were a result of systemic factors, such as economic conditions or external forces, rather than solely being attributed to individual managers' abilities or lack thereof. Therefore, the systemic view of management, which focuses on the influence of broader systemic factors on organizational outcomes, would be supported in this context.
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Calculating 'cash flows at the end'
Today (Year 0), Pear Corporation is evaluating whether to invest in a new canning machine that costs $400,000 and the company expects to use it for eight years, after which it will be sold. Tax rules state the machine should be depreciated on a straight-line basis over ten years.
The company has already agreed to sell the machine in eight years’ time to an unrelated firm for $45,000.
The new machine will result in an immediate $6,000 reduction in inventory from the company’s current level of $42,000. However, it is anticipated that accounts payable associated with the new machine must immediately increase by $8,000.
Pear Corporation will borrow $500,000 to fund the purchase of the new machine. This loan is an eight-year interest-only loan with an interest rate of 7% per annum. The $500,000 principal of the loan will need to be repaid at the end of the loan term.
Assume the company tax rate is 30%.
What are the 'cash flows at the end'?
The cash flows at the end for Pear Corporation amount to -$441,000. This indicates a net outflow of cash, meaning that the company will need to make a payment of $441,000 at the end of the eighth year to cover its obligations and the remaining loan repayment.
The negative cash flow is primarily driven by the loan repayment of $500,000, which represents a significant outflow of cash. Additionally, the inflow from the salvage value of the machine and the increase in accounts payable partially offset the outflows, but they are not sufficient to make the cash flows positive.
In more detail, the cash flows at the end are derived from various factors. The salvage value of $45,000 represents the amount the company expects to receive from selling the machine at the end of its useful life. This provides a cash inflow. On the other hand, there is an immediate reduction in inventory of $6,000, which represents a cash outflow. The increase in accounts payable of $8,000 is an inflow of cash as it represents additional funds the company can use. However, the loan repayment of $500,000 at the end of the eighth year is the most significant outflow, contributing to the negative cash flow.
Overall, the negative cash flows at the end reflect the company's financial obligations and the repayment of the loan, which results in a net outflow of cash. It is important for Pear Corporation to consider these cash flows to accurately assess the financial impact of the investment and plan its cash flow management accordingly.
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Use the following information for the Exercises below. (Algo)
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[The following information applies to the questions displayed below.]
Hitzu Co. sold a copier (that costs $5,500) for $11,000 cash with a two-year parts warranty to a customer on August 16 of Year 1. Hitzu expects warranty costs to be 4% of dollar sales. It records warranty expense with an adjusting entry on December 31. On January 5 of Year 2, the copier requires on-site repairs that are completed the same day. The repairs cost $119 for materials taken from the repair parts inventory. These are the only repairs required in Year 2 for this copier.
Exercise 9-12 (Algo) Warranty expense and liability computations and entries LO P4
1. How much warranty expense does the company report for this copier in Year 1?
2. How much is the estimated warranty liability for this copier as of December 31 of Year 1?
3. How much is the estimated warranty liability for this copier as of December 31 of Year 2?
4. Prepare journal entries to record (a) the copier’s sale; (b) the adjustment to recognize the warranty expense on December 31 of Year 1; and (c) the repairs that occur on January 5 of Year 2.
Warranty expense for the year 1:In this scenario, the warranty cost is expected to be 4% of dollar sales. The dollar sales for Hitzu Co. are $11,000 for this copier. Then, the amount of warranty expense for Year 1 is $440 (i.e., 4% of $11,000). Therefore, the company reports $440 warranty expense for this copier in Year 1.2.
Estimated warranty liability for Year 1:It is necessary to determine the liability related to the warranty. The warranty liability should be recognized as an estimated warranty cost. Therefore, for this copier, the estimated warranty liability for the year 1 is $440.3. Estimated warranty liability for Year.
The company has already spent $119 in Year 2 for on-site repairs. Therefore, the estimated warranty liability for Year 2 is zero.4. Journal Entries:a) The entry to record the copier’s sale on August 16 of Year 1 is:Cash: $11,000Sales revenue: $11,000Cost of goods sold: $5,500Inventory: $5,500b).
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You have just been promoted at you job, and now you have a net income of 2,190 you would like to use this income to meet new financial goals
Answer: Where is the rest of the question?
I'll answer in the comments of the question for you if you give the rest of the question!
which of the following factors would suggest the use of a perpetual inventory system?multiple choice a small company. inventory items with a high per-unit cost. a desire to minimize record-keeping requirements. only annual reporting is required.
The following factors that would suggest the use of a perpetual inventory system are:a small company.Inventory items with a high per-unit cost.
However, the factors that would suggest the non-use of perpetual inventory systems are:A desire to minimize record-keeping requirements. Only annual reporting is required.
Perpetual inventory is a method of accounting for inventory that continuously updates all accounts related to inventory while maintaining and reporting an exact inventory balance at any point in time. Perpetual inventory systems help businesses track their inventory levels more accurately and efficiently than manual inventory systems.
Therefore the right option is Inventory items with a high per-unit cost.
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