A customer is considering the purchase of $80,000 of ABC Income Fund and intends to use the money 3 years from now to purchase a new boat. The fund offers the following share classes:
Class A shares:
5% initial sales charge
No 12b-1 fees
Breakpoint Schedule:
$0 - $10,000 5% sales charge
$10,001 - $30,000 3% sales charge
$30,001 - $50,000 2% sales charge
$50,001 - $100,000 1% sales charge
Class B shares:
No initial sales charge
.40% annual 12b-1 fee
CDSC if the customer redeems within the following time periods:
Redeem within Year 1: 5% redemption fee
Redeem within Year 2: 4% redemption fee
Redeem within Year 3: 3% redemption fee
Redeem within Year 4: 2% redemption fee
Redeem within Year 5: 1% redemption fee
Redeem after Year 5: 0% redemption fee
Class C shares:
No initial sales charge
.75% annual 12b-1 fee
No CDSC
The best recommendation for this customer is:
A. purchase Class A shares
B. purchase Class B shares
C. purchase Class C shares
D. divide the purchase equally into $40,000 each for Class B and Class C shares

Answers

Answer 1

A customer is considering the purchase of $80,000 of ABC Income Fund.  The best recommendation for this customer is to purchase Class A shares.

Option A is correct.

Elaborating :

For the three-year investment time horizon, this customer would pay no annual 12b-1 fees and pay a 1% sales charge if he invested $80,000 in Class A shares.

There is no initial sale fee if the customer invested $80,000 in Class B shares; However, the customer will be charged a 2% redemption fee on these shares because he will redeem after year 3. Additionally, the customer is required to pay annual 12b-1 fees of.40% for three years.

If the customer invested $80,000 in Class C shares, they would be required to pay 2.25 percent overall, or.75 percent annually, in 12b-1 fees for the next three years.

Class A shares are therefore the purchase with the lowest fee.

Redemption fees:

When shares are sold from a fund, an investor is charged a redemption fee. The fund company charges this fee, also known as an exit fee, a market timing fee, or a short-term trading fee, which is then added back to the fund. Most of the time, it only applies if shares are sold within a certain time frame.

How are redemptions carried out?

Repayment of a fixed-income security, such as a Treasury note, certificate of deposit, or bond, prior to its maturity date is referred to as redemption in finance. Investors in mutual funds have the option of asking their fund manager to redeem all or a portion of their shares.

Learn more about redemption fee:

brainly.com/question/29434675

#SPJ1


Related Questions

when an analyst is looking at a company for the first time, which of the following four actvities foes he do first

Answers

when an analyst is looking at a company for the first time, defines the industries in which the company operates.

How do analysts work?

Different trends are the subject of analyst research, analysis, and reporting. Analysts try to derive conclusions that can be used to develop workable plans in various businesses using data that has either been collected or made publically available.

Who are those who are analysts?

An analyst is a person who collects information, examines it, and draws conclusions from what they learn. In the data, they search for patterns, and based on what they discover, they make significant judgments and changes. Many different industries employ analysts, who aid in increasing productivity and deciding on long-term course of action.

To know more about analyst visit:

https://brainly.com/question/24245450

#SPJ4

Eamon does not understand how his manager, Chanise, always knows how much of what product to order and how to schedule employee shifts. Studying theoretical management perspectives could help Eamon Multiple Choice understand the present. realize the meaning of Chanise's decisions. derive new ideas. develop principles to guide actions.

Answers

Answer:Realize the meaning of Chanise’s decisions

Explanation:

Studying theoretical management perspectives could help Eamon realize the meaning of Chanise's decisions.

To accomplish their objectives, businesses and organizations need good management. A company's business functions are organized and coordinated at various levels of management. You might want to find out more about what a manager does if you're interested in pursuing a career in management. In this article, we define management and analyze its distinctive features, goals, levels, and functions.

Management is the process of organizing a company's actions and resources to achieve certain objectives as effectively and efficiently as feasible. In management, efficiency is the ability to complete tasks effectively and economically.

To know more about management, refer to:

https://brainly.com/question/29023210

#SPJ4

The graphs below illustrate an initial equilibrium for the economy. Suppose that investment spending falls. Use the graphs to show the new positions of aggregate demand (AD), short-run aggregate supply (SRAS), and long-run aggregate supply (LRAS) in both the short-run and the long-run, as well as the short-run and long-run equilibria resulting from this change. Then answer what happens to the price level and GDP.

Answers

The short-run aggregate supply curve is shifted to SARS 2 by an increase in labor costs. When real GDP falls to Y 2, prices rise to P 2.

What is a short-run aggregate supply curve?

It's easier to understand how real GDP can deviate from potential output and how they actually deviate from potential output when examining the macroeconomics in the short run, where wage and price rigidities can prevent the economy from reaching potential output. In this section we examine how fluctuations in aggregate supply and aggregate demand affect the economy as a whole. According to the long run model of aggregate supply and demand, the economy will eventually reach its maximum potential. To understand how nominal wages and price rigidities can cause real GDP to be higher or higher than its short-run potential, one needs to examine the economy's response to changes in aggregate demand.

Trillion levels, but at a higher price level it would immediately stabilize if all prices in the economy adjusted quickly. The real problem is the short-run aggregate supply curve.

To Learn more About short-run aggregate supply curve Refer To:

brainly.com/question/25487206

#SPJ4

oakley, a freshman just starting college, hasn't decided on his major. he is looking into operations management and is also exploring job opportunities in this field. which of the following statements about jobs for operations management majors is most accurate? if he majors in operations management, oakley will

Answers

If he majors in operations management, Oakley will acquire skills and knowledge that are valuable to firms in both the manufacturing and service sectors.

What is the service industry?

The tertiary sector, usually referred to as the service sector, is the third sector in a three-sector economy. This industry creates maintenance and repair, training, or consulting services rather than products. The teaching, nursing, cleaning, and tourism industries are a few examples of the service industry.

The benefits of the service sector are what?

In addition to making more money, they also have safer jobs. Numerous indulgences are within their means, which raises their standard of living. Market Expansion: The tertiary sector raises the standard of the products that are produced in the primary sectors of the economy. In part because of the service sector, the manufacturing process has improved.

To know more about service sector visit:

https://brainly.com/question/14606383

#SPJ4

kaleidoscope inc. markets its range of fashion magazines only in new york and its range of agricultural magazines only in the illinois area. this is an example of segmentation.

Answers

Kaleidoscope inc. markets its range of fashion magazines only in new york and its range of agricultural magazines only in the illinois area. this is an example of Geographic segmentation

Option B is correct.

How does segmentation work?

Kaleidoscope Inc. is able to target and appeal to various customer groups with varying requirements and desires by segmenting their markets and products.

Inc., Kaleidoscope is a company that uses segmentation in its marketing strategy, for example. Kaleidoscope inc. restricts the distribution of its fashion and agricultural magazines to New York City and Illinois. is able to target potential customers in each region more effectively.

Companies can better understand their customers and tailor their marketing efforts to meet their needs with the assistance of segmentation. Kaleidoscope inc., for instance, promotes its fashion magazines to New York customers by is able to offer customers in this region content that is pertinent to their interests and requirements.

In a similar manner, Kaleidoscope inc. markets its agricultural magazines to customers in the Illinois region. is capable of focusing on customers who are interested in this kind of content.

Overall, Kaleidoscope inc. relies heavily on segmentation as a marketing strategy. to provide products that meet their needs and better target potential customers. Kaleidoscope inc. expands its product line of magazines to different regions. is able to effectively reach customers and satisfy their requirements.

Question incomplete:

Kaleidoscope Inc. markets its range of fashion magazines only in New York and its range of agricultural magazines only in the Illinois area. This is an example of _____ segmentation.

A. behavioral

B. geographic

C. lifestyle

D. demographic

Learn more about segmentation:

brainly.com/question/5545577

#SPJ4

When it comes to public goods like national defense, the __________ is a serious problem. because people who do not pay cannot (easily) be excluded from the consumption of the good.
A. Tax incidence
B. Free-rider program
C. Marginal propensity to consume
D. Common resource problem

Answers

When it comes to public goods like national defense, the  Free-rider program is a serious problem. because people who do not pay cannot (easily) be excluded from the consumption of the good.

Which definition of public goods is most accurate?

A good or service that is provided to all members of a society is referred to as a public good in economics. Governments often handle the administration of these services, and taxes are used to pay for them all. Law enforcement, national defense, and the rule of law are a few examples of public goods.

Give some instances of public goods.

Almost everywhere, the government has a considerable impact on the provision of services including environmental and fire protection, infrastructure, education, and national defense. They are frequently referred to as "public goods."

To know more about Public Goods visit:

https://brainly.com/question/14975509

#SPJ4

In a contract, the parties can waive their right to a jury trial if there are later disputes about their contract, in which case their later dispute will be decided by a judge instead of a jury.
Group of answer choices

True

False

Answers

It will be decided by a judge instead of a jury so it’s true

read the scenario below and choose whether you think this is an economic, cultural, or military influence to another country. after a natural disaster in a poor country, a wealthier country provides aid workers.

Answers

People or nations can act in ways that result in conflict or cooperation. A wealthier nation might deploy humanitarian workers to a developing country in the event of a national catastrophe.

What do you mean by collaboration?

Collaboration is the process of creating anything while working as a team. Collaboration might take place between two people or many people, intimate friends or strangers. By working together, you give yourself the chance to produce something that is superior to what might be produced alone. Collaboration Definition - The simplest way to define collaboration is to explain that it is the process of two or more people working together to complete a task or achieve a goal.

Know more about catastrophe visit:

https://brainly.com/question/7930785

#SPJ4

fill in the blank. economic integration agreements are informal blank. ___institutions that rely on agreements among members, and their development has tended to follow a general pattern from free trade area through common market to economic integration

Answers

Economic integration agreements are informal blank. Normative institutions that rely on agreements among members, and their development has tended to follow a general pattern from free trade area through common market to economic integration

What is an economic integration agreement?

The reduction or elimination of trade barriers and the adoption of common fiscal policies are two examples of economic integration, often known as regional integration. For instance, the European Union is a perfect illustration of economic integration. Because they fear losing their sovereignty, strict nationalists may be opposed to economic integration.

monetary theory. Jacob Viner (1950), who introduced the words for the change in the interregional flow of commodities caused by changes in customs duties as a result of the formation of an economic union, lay out the groundwork for the theory of economic integration.

To know more about economic integration, refer:

https://brainly.com/question/18724140

#SPJ4

assuming the market for loanable funds is in equilibrium, use the following numbers to determine the quantity of loanable funds supplied. gdp $8.7 trillion consumption spending $3.2 trillion taxes net of transfers $2.7 trillion government purchases $3.0 trillion a. $2.2 trillion b. $5.2 trillion c. $2.5 trillion d. $3.9 trillion

Answers

gdp $8.7 trillion in consumer expenditures Taxes minus transfers totaling $3.2 trillion Government spending of $2.7 trillion $2.5 trillion is 3% of $3 trillion.

How do you find the equilibrium quantity of loanable funds?Equilibrium - The amount of savings that savers contribute equals the amount of loans that borrowers demand, achieving equilibrium in the market for loanable funds. To equalize these, the interest rate is changed.Those who have chosen to save some of their money rather than spending it—including members of the government and companies—instead of investing it are the source of the loanable funds. Lending money to borrowers at a rate of interest is one approach to generate investment income.When the real interest rate is such that the demand for borrowing equals the supply of savings, equilibrium is reached in the market for loanable funds.

Therefore the correct answer is option c ) $2.5 trillion .

To learn more about equilibrium refer to :

https://brainly.com/question/29618306

#SPJ4

sims company reports beginning raw materials inventory of $2,300 and ending raw materials inventory of $3,500. assume the company purchased $15,700 of raw materials and used $14,500 of raw materials during the year. compute raw materials inventory turnover and the number of days' sales in raw materials inventory.

Answers

Financial metrics compare the raw materials used by the business unit to the average value of raw material inventory.

What is raw material inventory?

Raw material inventory refers to a company's inventory Materials not yet used in the manufacturing process to create a finished product. Raw materials are inputs or inventory that a company needs to manufacture its products. Examples of commodities include steel, oil, corn, wheat, gasoline, lumber, forest resources, plastics, natural gas, coal, and minerals. Commodities are inputs or supplies that a company needs to manufacture its own products. Examples of commodities include steel, oil, corn, wheat, gasoline, lumber, forest resources, plastics, natural gas, coal, and minerals. The manufacturers maintain three types of inventory.

These are raw materials (which are waiting to be processed), work in progress (which are being processed) and finished products (which are ready to be shipped).

To learn more about raw material refers to:

brainly.com/question/825024

#SPJ4

imagine that a friend wants to start a new business and has asked you what it takes to succeed as an entrepreneur. based on the guidance provided by the small business association, you would explain that successful entrepreneurs possess which of the following characteristics and skills? check all that apply. they are supported by mentors. they are creative thinkers. they are decisive decision makers. they are risk averse.

Answers

One would explain that successful entrepreneurs possess comfortable with risk, They are skilled negotiators and They are persuasive speakers.

Entrepreneurship is the process of creating or extracting economic value. According to this definition, entrepreneurship is defined as change, often including risk above what is commonly faced when beginning a firm, and may contain values other than monetary ones.

An entrepreneur is a person who establishes and/or invests in one or more enterprises, assuming the most of the risks and reaping the majority of the gains Entrepreneurship refers to the process of starting a business. The entrepreneur is frequently seen as an innovator, a provider of new ideas, items, services, and business/or operations.

To know more about Entrepreneurs here-

https://brainly.com/question/29034897

#SPJ4

the state levies a 4 percent sales tax on merchant sales volume while the local government levies a 2 percent sales tax on the same activity. merchants are required to remit the full amount of all levied taxes to the state government within 15 days of month-end and the state is required to remit collected taxes to local authorities within 30 days of receipt. assume the state and local authorities had june 30 year-ends, and that sales volume for the months of june and july was $100,000 and $200,000, respectively. at june 30, each government would accrue the following related to sales activity:

Answers

At June 30, each government would accrue $6000 which is 100000(4% + 2%) related to the sales activity or sales tax.

What is sales tax?

When certain products and services are sold, the government is charged a fee known as a sales tax. Normally, laws allow the seller to add the tax to the customer's bill at the moment of purchase. Sales taxes provide revenue for local and state governments. Many purchases involve payment of sales tax. However, there are some products that are exempt from taxes, such as groceries, prescription medications, and clothing of a specified type or up to a certain quantity in some states and municipalities.

Know more about sales tax- brainly.com/question/30163375

#SPJ4

suppose society faces a broad tradeoff between allocating resources to the production of investment goods (computers) and consumption goods (cars) before the improvement in technology described above. which of the following events would be most likely to lead to the improvement in technology you just illustrated? A) Increasing production of investment and consumption goods
B) Decreasing production of investment and consumption goods
C) Increasing production of investment goods and decreasing production of consumption goods
D) Decreasing production of investment goods and increasing production of consumption goods

Answers

The answer is “C. Increasing production of investment goods and decreasing production of consumption goods.”

which of the following best describes the primary purpose of the travel depicted in the illustration? (a) to convert peoples of other faiths to islam (b) to create diasporic merchant communities (c) to recruit soldiers for the caliphate (d) to bind diverse communities to a common tradition

Answers

Out of the choices provided above, it can be stated that the primary purpose of the travel depicted in the illustration was to bind diverse communities to a common tradition. Therefore, the option D holds true.

Travel has always been a big part of the trade, ever since the civilizations started to spread their roots across different parts of the world. As a result of this travel, merchants, and traders often carried the ideologies of their religion to other countries and establish a following of the religion in other countries.

Learn more about travel here:

https://brainly.com/question/5305251

#SPJ4

Complete question has been added as an image for better reference

which of the following is the next step in the mortgage process after a bank pre-qualifies a buyer...?

Answers

Pre-approval would be the next step in the mortgage process after a bank pre-qualifies a buyer.

Most people who are wanting to buy a home are aware that they must first pre-qualify or be pre-approved for a mortgage. These two actions are crucial in the process of applying for a mortgage. Although some individuals use the terms interchangeably, there are significant distinctions that every homebuyer needs to be aware of. Pre-qualification is just the beginning. It provides you a rough indication of the size of loan you might be eligible for. The second step is pre-approval, which is a conditional promise to provide you the mortgage.

According to Todd Kaderabek, a residential broker associate with Beverly-Hanks Realtors in downtown Asheville, North Carolina, "the pre-qualification process is based on consumer-submitted data." "Preapproval is customer data that has been confirmed, like a credit check."

Visit here to learn more about mortgage: https://brainly.com/question/13447700

#SPJ4

note disclosures in governmental external financial statements related to cash and cash equivalents explain which of the following?

Answers

How the government classified cash equivalents in the enterprise fund cash flow statements' beginning and ending balances. Option A is the right response in this case.

The cash and cash equivalents note disclosures describe how cash equivalents are categorized in the starting and ending balances on the cash flows statement.

How governments classify cash flows in the cash flows statement is outlined in GASB Statement No. 9. Governments are not required to disclose the details of maturities of cash equivalents included in the cash flows statement. Cash equivalents are not distributed among the four categories of the cash flow statement.

Complete question:

Note disclosures in governmental external financial statements related to cash and cash equivalents explain which of the following?

A - How the government classified cash equivalents in the beginning and ending balances on the enterprise fund cash flow statements.

B - How the government classified cash flows among the four categories in the cash flows statements

C - Details of the maturities for cash equivalents included in the ending balance on the cash flows statements

D - Details of which cash equivalents are included in the operating flows section of the cash flows statement.

To learn more about cash flow statements

https://brainly.com/question/29023403

#SPJ4

Consider a company that manufactures picture frames. Which of the following costs would be considered direct costs?- oak wood used for frame- glass used in the frame- wages of assembly line worker

Answers

Direct costs include the ones listed below. salaries for assembly-line workers. utilized in the frame is glass.

Fixed expenses typically refer to fees that are dependent solely on time rather than the quantity produced or purchased by your business. Lease and hire fees, salary, application costs, insurance, and mortgage repayments are a few examples of constant fees. Some forms of taxes, including enterprise licenses, also are constant levies. In its singular form, "cost" refers to the total of a group, while "fees" refers to every component of that group. The cost of a provider, for instance, "consists of fabric costs and exertions fees." People frequently struggle to understand the difference between "price" and "fees" in everything from crime contracts to budget conversations.

Learn more about Cost here:

https://brainly.com/question/29417589

#SPJ4

During a mild recession, if policymakers want to reduce unemployment by increasing investment, which of the following policies would be most appropriate?
Purchase of government securities by the Federal Reserve

Answers

Purchasing government securities by the FED would be the most appropriate policy.

What is Policy?A government or other institution's policy can take the form of a legislation, rule, process, administrative action, financial incentive, or voluntary practice.Allocations of resources frequently reflect policy decisions. Policies in numerous industries can have an impact on government.For instance, policies in schools can enhance the nutritional value of school meals, while policies in transportation can promote physical activity (by creating communities that are pedestrian- and bicycle-friendly).The establishment and application of public health laws, rules, or voluntary practices that have an impact on organizational transformation, individual behavior, and system development are all examples of policy development in the context of public health. Such policy measures can be used in the health sector, for instance, by influencing the delivery of healthcare through Medicare's conditions of enrollment or reimbursement or by utilizing the tax code to promote employer-provided health insurance.

To learn more about Policy from the given link

https://brainly.com/question/28024313

#SPJ4

Question: During a mild recession, if policymakers want to reduce unemployment by increasing investment, which of the following policies would be most appropriate?

Purchase of government securities by the Federal Reserve

Purchasing government securities by the FED

Municipal bonds would be an appropriate investment for which of the following?
I. Individuals
II. Individual Retirement Accounts
III. Bank Holding Companies
IV. Casualty Companies

Answers

The correct option to this question here is option c. Municipal bonds would be an appropriate investment for Bank Holding Companies.

Municipal bonds (abbreviated "munis") are debt securities issued by states, cities, counties, and other public entities to support day-to-day commitments and capital projects such as the construction of schools, roadways, and sewer systems.

Muni bonds now not only provide high returns, but they are also a higher-quality asset class. Approximately 85% of the market is graded A or better. And the existing fundamentals are extremely strong.

One significant advantage of municipal bonds, or "munis," is that the interest they pay is often tax-free. In addition, if the issuer is from the investor's home state, they are often exempt from state income taxes.

Learn more about municipal bonds here brainly.com/question/14229121

#SPJ4

a consumer wants to add a hard drive to their computer to store video from their camera. which of the following is the storage capacity of a modern hard disk drive (hdd) purchased from a computer store?

Answers

The storage capacity of a modern hard disk drive (HDD) purchased from a computer store would be 3 terabytes.

A hard drive, often known as a hard disk drive (HDD), is a type of data storage device found in laptops and desktop computers. An HDD is a "non-volatile" storage drive, which implies it can preserve data even after the device is turned off. Operating systems (OS) instruct hard drives (HDDs) to read and write data as needed by applications. The drive's ability to read and write data is entirely dependent on the drive itself. HDDs began as gigantic, room-filling devices with capacities of around 3.75 megabytes. In comparison, an HDD that fits neatly in a desktop computer may now hold up to 18 terabytes of storage. The purpose of an HDD is to read, write, and store data. They are dependable backup devices as well as standard computer operations. HDD technology has advanced tremendously, cutting costs while increasing total capacity.

Learn more about hard disk drive here:

https://brainly.com/question/14780957

#SPJ4

a customer buying an unfamiliar product that carries a fair degree of risk would most likely engage in decision making. question 24 options: cognitive limited affective habitual

Answers

A customer buying an unfamiliar product that carries a fair degree of risk would most likely engage is cognitive decision-making.

What does cognitive decision mean?

High-level cognitive functions including perception, attention, and memory are the foundation of decision-making. Real-life scenarios call for a sequence of judgements, each of which is based on information from a potentially shifting environment.

Since processing speed influences how quickly one can comprehend the descriptive information in each cell and compare the information with each alternative, we specifically hypothesised that cognitive talents like processing speed would have a bigger impact on the amount of time spent making decisions.

Cognitive: Decision-making is viewed as a continuous activity intertwined involving interactions with the surroundings. Normative rationality is the study on individual choices that focuses here on invariant decision-making process.

Learn more about Cognitive decision-making refer to :
brainly.com/question/27960515
#SPJ4

Completed question :
A customer buying an unfamiliar product that carries a fair degree of risk would most likely engage in what type of decision-making?
A) cognitive decision-making
B) limited decision-making
C) habitual decision-making
D) affective decision-making

a pharmaceutical company has resources hosted on both their on-premises network and in aws cloud. they want all of their software architects to access resources on both environments using their on-premises credentials, which is stored in active directory. in this scenario, which of the following can be used to fulfill this requirement?

Answers

SAML, or Security Assertion Markup Language, is a standardized method of informing external software and services that a customer is who they claim to be.

SAML enables single instance (SSO) technology by allowing a user to be authenticated once and then have that authentication sent to various apps. SAML 2.0 is the most recent version of SAML.

Consider SAML authentication to be similar to an identification card: a brief, standardized way to demonstrate who someone is.

Instead of, instance, doing a battery of DNA testing to prove someone's identification, a quick peek at their ID card may suffice.

One of the most difficult difficulties in computing and networking is getting systems and devices created by different suppliers for various reasons to function together.

To know more about Security Assertion Markup Language:

https://brainly.com/question/28039468

#SPJ4

true/false. marketing communications entails the use of undifferentiated targeting approaches wherein entire markets are pursued and the marketing organization is not actively pursuing differentiation.

Answers

True. Mass marketing communications entails the use of undifferentiated targeting approaches wherein entire markets are pursued.

The technique of appealing to a whole market rather than a specific group is known as mass marketing. The goal of mass marketing is to reach the greatest number of potential clients. The method is often used by huge organizations and is the polar opposite of specialty marketing. To achieve a bigger number of sales and maximum brand exposure, mass marketing often focuses on offering "must-have" items at a cheaper price. One of the most significant advantages of mass marketing is the breadth and low cost of promoting on a much wider scale than smaller business marketing tactics. When a corporation utilizes mass marketing, each advertising is distributed across a range of channels (including print media, social media, and television) and has the potential to reach thousands or even millions of people.

Learn more about mass marketing here:

https://brainly.com/question/9017955

#SPJ4

Accounts Payable and Cash Discounts Byrd Company had the following transactions during 2013 and 2014:
1. On December 24, 2013, a computer was purchased on account from Computers International for $60,000. Terms of the sale were 2/10, n/30.
2. Byrd calculated that to forgo the discount for the computer would be the equivalent of paying 36% interest annually on the $58,800 for the extra 20 days. Therefore, Byrd went to First Local Bank and signed a $60,000, 30-day note at 12% in order to take advantage of the discount terms. This transaction took place on December 29, 2013. (The account payable was paid on January 2, 2014, and the note was paid at maturity.)
3. On December 30, 2013, Byrd declared a $2.00 cash dividend to the common shareholders. Ten thousand shares were outstanding on this date. The dividend is to be paid on January 5, 2014. Required: 1. Prepare the journal entries for Byrd for both 2013 and 2014. Assume that the net price method is used to account for the credit terms. 2. Show how the preceding items would be reported in the current liabilities section of Byrd’s December 31, 2013, balance sheet. 3. Next Level Assuming Byrd’s current assets were $1,200,000 and its current ratio was 2.4 at the end of 2012, compute the current ratio at the end of 2013 (based solely on the effects of the preceding transactions).

Answers

Journal entries are a method of recording financial transactions in a company's books of accounts. They involve documenting the debit and credit entries of transactions and serve as the first step in the accounting cycle. The entries are then transferred to a ledger and used to prepare financial statements.

Journal Entries:

a. On December 24, 2013:

Debit: Accounts Payable (Computers International) $60,000

Credit: Computer Equipment $60,000

b. On December 29, 2013:

Debit: Cash $58,800

Credit: Accounts Payable (Computers International) $58,800

Debit: Notes Payable $60,000

Credit: Cash $60,000

c. On January 2, 2014:

Debit: Cash $58,800

Credit: Accounts Payable (Computers International) $58,800

d. On January 5, 2014:

Debit: Cash Dividend Payable $20,000

Credit: Cash $20,000

Current Liabilities:

Accounts Payable (Computers International) $58,800

Cash Dividend Payable $20,000

Notes Payable $60,000

Current Ratio:

Current Assets = $1,200,000 + $58,800 + $20,000 = $1,278,800

Current Liabilities = $58,800 + $20,000 + $60,000 = $138,800

Current Ratio = $1,278,800/$138,800 = 9.18.

To learn more about Journal entries, visit here

https://brainly.com/question/20421012

#SPJ4

assume these are the only three firms in the market. use blue points (circle symbol) to plot the market demand curve for computers. line segments will automatically connect the points.

Answers

Use the blue dots to depict the market's demand for pizza in segments (circle symbol). The points are automatically connected by line segments.

Line segments: what are they?

A line segment is any portion or segment of a line that has two ends. A line segment, unlike a line, has a set length. The length of a line segment can be measured in metric units like millimeters, centimeters, or in common units like feet or inches. A line segment is a portion of a line with a start and end point. It has a specific length and is marked with a dash at the top, which is a line segment symbol. To draw a segment of a given length, we can use any of the following methods: Draw a line segment with a ruler. A circle segment can be defined as the area enclosed by a chord and the arc between the lines is limited ends of the string.

In other words, a pie slice is the area of ​​a circle formed by a secant or chord that is detached from the rest of the circle.

To learn more about line segments refers to:

brainly.com/question/280216

#SPJ4

Economic variables that are calculated in current year prices are referred to as __________ variables,
while variables that have been corrected to account for the effects of inflation are _________
variables.a. nominal; real
b. real; nominal
c. updated; deflated
d. deflated; updated

Answers

The Consumer Price Index (CPI) is a proportion of the typical change over the long run in the costs paid by metropolitan customers for a market container of shopper labor and products.

Different variables with a tremendous impact on expansion incorporate relative cost changes, national bank freedom, the conversion standard system, and the level of cost progression; there is just restricted proof that other underlying elements, like those affecting the regular pace of joblessness, have a critical.

Take away the previous date CPI from the ongoing date CPI and separate your response by the past date CPI. Duplicate the outcomes by 100. Your response is the expansion rate as a rate.

To learn more about Economic variables here

https://brainly.com/question/29815813

#SPJ4

If there is an increase in the price of apples that causes consumers to purchase fewer pounds of apples and more pounds of oranges, the CPI will suffer from
a. substitution bias.
b. bias due to the introduction of new goods.
c. bias due to unmeasured quality change.
d. base-year bias.
e. none of the above.

Answers

The CPI will experience substitution bias if the price of apples drives consumers to buy more oranges and fewer pounds of apples.so the correc t option is (a).

Using a sample of typical commodities and regularly gathered prices, the CPI is a statistical estimate. Sub-indices and sub-sub-sub-indices can be computed for numerous categories and subcategories of products and services. The overall index is then created by combining these sub-indices and sub-sub-sub-indices, with weights indicating their proportions in the total of the consumer expenditures covered by the index. It's one of the various price indexes that are calculated by most national statistics agencies. A CPI can be used to regulate prices, deflate monetary amounts to reflect changes in real values, and index (i.e., make up for the impact of inflation) the real value of wages, salaries, and other financial compensation.

To learn more about " CPI " Click on below link

brainly.com/question/17329174

#SPJ4

In which of the following does a seller have the right to stop delivery of goods in transit regardless of the size of the shipment?A) if the buyer repudiates the contractB) if the buyer has payments dueC) if the seller learns of the buyer's insolvencyD) if the seller has been ordered for specific performance

Answers

The correct answer to this question here is option c. If the seller learns of the buyer's insolvency.

Buyer insolvency is the only reason an unpaid seller can stop goods in transit, and it is one of three reasons for exercising a lien or withholding the delivery of goods. The applicable insolvency test is contained in s.

Payments in transit take place between parties from different banks. The payment is subsequently transferred from the payor's to the payee's bank. Because the recipient's bank cannot view the sender's bank's financial accounts, they will hold the deposit until it clears and is reconciled.

Learn more about payments in transit here brainly.com/question/16346021

#SPJ4

which of the following is a benefit that a business is likely to attain from purchasing new equipment?

Answers

The advantage that a business is probably going to accomplish from buying new gear is "Increased productivity."

The above assertion depends on the way that new hardware works quicker, and is all the more effective when utilized contrasted with old innovation. These characteristics of new hardware will prompt expanded efficiency. Putting resources into gear empowers representatives to work quicker and lessens manual and dreary errands.

Assuming that either how much information sources or level of innovation falls, your bend will move left. This happens because you produce less of every great currently contrasted with when the degree of innovation was higher.

Consequently, it very well may be inferred that the business advantage of buying new gear is to "increase productivity."

Hence option (A) is correct.

Learn more about new equipment:

https://brainly.com/question/24104393

#SPJ4

This question is not complete , here I am attaching the complete question:

which of the following is a benefit that a business is likely to attain from purchasing new equipment?

(A) Increased productivity

(B) Better entrepreneurial knowledge

(C) Fewer natural resources required

(D) Lower costs

Other Questions
*THE ANSWER IS B* The Academy of Motion Picture Arts and Sciences gives out annual awards for excellence in movie making. These awards are called: OA. Emmys. B. Oscars. C. Tellys. D. Tonys. which of the following best illustrates the application of the model-building process to economics? group of answer choices two economists with differing political agendas argue about the best way to solve the social security problem on a sunday morning talk show. economists come to believe that some economic models are true simply because prominent leading economists say they are true. a labor economist notices that unemployment tends to be higher among teenagers than more experienced workers, develops a model, and gathers data to test the hypotheses in the model. a ph.d. student in economics makes up data on the lumber market and then develops a model for his dissertation that seems to be consistent with the data. e potential energy associated with the force between two neutral atoms in a molecule can be modeled by the Lennard-Jones potential energy function:U(x) = 4[(x)^(12)(x)^6] where x is the separation of the atoms. The function U(x) contains two parameters and that are determined from experiments. Sample values for the interaction between two atoms in a molecule are= 0.263 nm and = 1.5110^(22)J. (a) Make a plot of this function with x in units of 10^(10)m and U(x) in units of 10^(23)J.(b) Find the most likely distance between the two atoms.(c) Is this equilibrium point stable, unstable, or neutral? please help me i swear ill give u crown. INTEGRALS INTEGRALS the other part is uploaded in my profile INTEGRALS PLEASE HELP ME The expression isequivalent to Other than potential negative health effects on humans, which of the following is a disadvantage of using chemical pesticides to eliminate crop pests?Choose matching termO Incorporating antibiotics into the feeding regimens of densely concentrated livestockO Pesticides may harm organisms other than the target crop pests through biomagnification in the food web.O the increase in the spread of infectious diseasesO Providing tax breaks for companies that use recycled materials From the multiple choices below, select the most appropriate culture medium for optimum recovery and differentiation of Salmonella and/or Shigella.Hektoen enteric (HE) agar Trust between companies, customers, partners, and suppliers are the support structure of which of the following? A. EbusinessB. EharmonyC. EsoftwareD. Epolicies What are the statements sentences that show the purpose of the author?. Select all of the following algebraic rules that represent a dilation that is an enlargement?. Eva is deciding between two landscaping companies for her place of business.Company A charges $35 per hour and a $300 equipment fee. Company B charges $45per hour and a $100 equipment fee. Let A represent the amount Company A wouldcharge for t hours of landscaping, and let B represent the amount Company B wouldcharge for t hours of landscaping. Write an equation for each situation, in terms of t,and determine the number hours, t, that would make the cost of each company the same. Contrast the following activities in prokaryotes and eukaryotes: Replication of DNA, Transcription, Gene Regulation, Cell DivisionIn the replication of DNA, Eukaryotes have multiple origins and have telomeres while prokarytoes have 1 origin and no telomeres.In transcription, Eukaryotes process dna and have a initiation called initiation factors, while prokaryotes do not process DNA and have a initiation called sigmar.In gene regulation, Eukaryotes have no operons and mainly use positive controls, while prokaryotes use operons and use both positive and negative controls.In cellular division, Eukaryotic cells go through either mitosis or meiosis and use spindle fibers, while prokaryotic cells do not go through mitosis or meiosis and do not use spindle fibers. a medicare prepayment screen which would suspend a claim for the excision of an appendix performed by an audiologist would be referred to as: al's new business has a positive net income and a marginal tax rate of 21 percent. given this, an increase in which one of the following will cause the operating cash flow to increase? can i go into computer science with a degree in elecgtrical and computer engineering and machine learning Haile Resort opened for business on June 1 with eight air conditioned units. Its trialbalance on August 31 is as follows.Haile ResortTrial BalanceAugust 31, 2022Debit CreditCash Br. 39,200Prepaid Insurance 9,000Supplies 5,200Land 40,000Buildings 240,000Equipment 32,000Accounts Payable Br. 9,000Unearned Rent Revenue 9,200Mortgage Payable 100,000Share CapitalOrdinary 200,000Retained Earnings 0Dividends 10,000Rent Revenue 172,400Salaries and Wages Expense 89,600Utilities Expense 18,400Maintenance and Repairs Expense 7,200Br.490,600 Br.490,600Other data:1. The balance in prepaid insurance is a 1-year premium paid on June 1, 2022.2. An inventory count on August 31 shows Br.1,300 of supplies on hand.3. Annual depreciation rates are buildings (4%) and equipment (10%).4. Unearned rent revenue of Br.7,600 should be recognized as revenue priorto August 31.5. Salaries and wages of Br.750 were unpaid at August 31.6. Rentals of Br.1,600 were due from tenants at August 31.7. The mortgage note is dated 1/1/2022. The mortgage interest rate is 8% peryear.Instructionsb. Prepare an adjusted trial balance on August 31. a clerk is wrapping two cube-shaped packages and wants to know the smallest amount of wrapping paper that can wrap each package. the edge length of the larger package is 3in. the greater than the length of the smaller package. the surface area of the larger package is 384 in^2. what is the surface area of the smaller package? Columbia accommodates a diverse population of more than 49 million. Colombia is a country located in South America. Combine the two sentences. Assuming normochromic and normocytic red cells, a blood sample with a hemoglobin of 15 g/dL would be expected to show a hematocrit of ___% true or false when considering an operational definition for a construct, there is usually only one definition that psychologists would agree on.