Option D. The amount of land per worker would eventually decline. According to Thomas Malthus's work, he predicted that as population grew, the amount of available land would become scarce, resulting in diminishing returns to labor and declining agricultural productivity.
Malthus argued that the amount of land is fixed, while population grows at an exponential rate, leading to a situation in which there is not enough land to support an ever-growing population. This would result in declining output per worker as the amount of land per worker would eventually decline, and the population would be forced to subsist on smaller and smaller parcels of land. Malthus believed that this would lead to a state of "permanent misery" for the population, with poverty, famine, and disease being the inevitable outcome.
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According to Thomas Malthus's work, which of the following is true concerning his pessimistic prediction of future productivity?
A. As population grew, so would output per worker,
B. The amount of capital per worker would fall.
C. Technology could be counted on to increase output per worker.
D. The amount of land per worker would eventually decline.
Find the principal and the interest amount.
Present Value
(Principal)
?
Interest
Amount
?
Future Value
(Maturity Value)
$5821.13
Interest
Rate
5.1%
Time
5 months
The principal is $
(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Find interest amount and present value
Principal after one compounding period (Five months) = Principal plus interest , the present value is $4,494
What is the calculation ?FV=PV+i(PV)=$4,000+0.06($4,000)=$4,000+$240=$4,240
Now proceed to the next six months. The future value after two compounding periods (one year) is calculated in the same way.
FV=PV+(PV) can be factored and rewritten as FV=PV(1+i).
FV(after two compound periods)=PV(1+i)=$4,200(1+0.06)=$4,240(1.06)=$4,494.40
Since the PV=$4,240 is the result of the previous calculation where
PV(1+i)=$4,240, the following algebraic substitution is possible:
FV(after two compounding periods)=PV(1+i)(1+i)=$4,000(1.06)(1.06)=$4200(1.06)=$4,494.40
Simplifying algebraically, you get:
FV=PV(1+i)(1+i)=PV(1+i)2
For compound interest, the simplest future value case is one in which all the variables are constant during the transaction. Continue with the next instance to understand where the formula came from.
If a borrower borrowed $4,000 two years ago at 12% compounded semi-annually, they would also be responsible for two years' worth of compound interest on top of the $4,000 principal.
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A stock's beta is more relevant as a measure of risk to an investor who holds stocks in a well-diversified portfolio than its standard deviation.
True
False
It is true that a stock's beta is more relevant as a measure of risk to an investor holding stocks in a well-diversified portfolio than its standard deviation.
Although both are popular measures of volatility, there is one thing that makes beta better than standard deviation.Beta determines the volatility of an asset relative to the benchmark index. But the standard deviation only tells you about the security in question and not how it compares to the market or other securities. While the standard deviation determines a fund's volatility based on the disparity in its returns over a period of time, beta, another useful statistical measure,compares a fund's volatility or risk to its index or benchmark. Beta is useful for determining the near-term risk of a security and for analyzing volatility to arrive at equity costs when using the CAPM. However,since beta is calculated using historical data points,it becomes less meaningful to investors looking to predict a stock's future movements.
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Which of the following would be consequences of more rental properties in the United States being subject to binding price ceilings?
a. a shortage of apartments
b. the quantity demanded of apartments will exceed
c. the quantity supplied
Options A and C are correct. The following would be consequences of more rental properties in the United States being subject to binding price ceilings -
A. a shortage of apartments
B. the quantity demanded of apartments will exceed
Quantity demand is how much a specific decent or administration that is wanted by purchasers at a particular cost and time. Not entirely set in stone by looking at the shopper's readiness and capacity to buy the thing at a given cost. It is vital to consider financial matters and is utilized to decide the organic market of labour and products on the lookout. Amount request is impacted by different factors, for example, customer pay, shopper tastes and inclinations, the accessibility of substitutes, and the cost of the great or administration. Changes in any of these elements can cause an adjustment of the amount requested by buyers.
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Complete Question -
Which of the following would be the consequences of more rental properties in the United States being subject to binding price ceilings: Select the two correct answers below.
Select all that apply:
A. a shortage of apartments
B. the quantity demanded of apartments will exceed the quantity supplied
C. a surplus of apartments
D. the quantity supplied of apartments will exceed the quantity demanded
FMR ULC, or Fidelity investments, is the holding company for Fidelity.com, a large online investment company. Run by CEO Abby Johnson, Fidelity provides its clients with investment advice, retirement planning, portfolio guidance, and other financial products and services. Fidelity clients include individuals, institutions, and financial intermediaries. As of September 30, 2014, the company was actively managing
$1,741
billion in mutual funds. Fidelity employees do everything they can to help Fidelity funds grow. In addition, they are committed to education, actively supporting local schools through volunteer work. Although Fidelity is a privately owned firm, held closely by the Johnson family, various Fidelity funds use boards of trustees to help supervise management activities. These boards are generally comprised of senior-level executives from Fidelity and other organizations Who have the wisdom to help Fidelity managers run their companies effectively, In 2015 , Fideliny had approximately 41,000 workars.
FMR ULC, or Fidelity Investments, is a large and well-known financial services company that provides investment and financial advice to a diverse range of clients, including individuals, institutions, and financial intermediaries.
The company actively manages over $1.7 trillion in mutual funds as of September 30, 2014. Fidelity is a privately owned company, held closely by the Johnson family, and is run by CEO Abby Johnson.
Fidelity is committed to helping its clients achieve their financial goals, and their employees work hard to help Fidelity funds grow. The company also has a strong commitment to education, actively supporting local schools through volunteer work.
To ensure effective management of its funds, various Fidelity funds use boards of trustees comprised of senior-level executives from Fidelity and other organizations. These boards provide guidance and supervision to Fidelity managers to ensure that the funds are being managed effectively.
As of 2015, Fidelity had approximately 41,000 employees. The company's size and influence in the financial services industry have made it a major player in the investment world, with many investors turning to Fidelity for their investment and retirement planning needs.
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If the interest paid on an account is 14% compounded annually, $__________ now is basically equivalent to $12,000 six (6) years from now.
A.4652
B.6321
C.8521
D.5467
The correct option is option A
If the interest paid on an account is 14% compounded annually, $4652 now is basically equivalent to $12,000 six (6) years from now.
To calculate the present value of $12,000 in six years, we can use the formula:
Present Value = Future Value / (1 + r)n
Where,
Future Value is $12,000
r is the annual interest rate (14%)
n is the number of years (6 years)
Therefore,
Present Value = 12000 / (1 + 0.14)6
Present Value = $4,652
The present value (PV) of a future stream of payments is a financial concept that relates to its current value. In other terms, it is the amount of money that a certain amount of money is currently worth. The PV is calculated by multiplying the future payments by a fixed rate of return. Typically, the rate of return chosen is the investor's necessary rate of return.
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A firm asks for your help in the analysis of some production decisions. The firm would like to know whether its decision to increase total production from 6,000 to 8,000 units was a wise move. It is revealed that at 6,000 units produced, the production costs for the firm totaled 58,000. At 8,000 units produced, production costs now total 85,000. You have performed additional research and discovered that each unit that the firm produced sold for an average of $10 per unit. If the firm wants to maximize profits, should it continue production at this level?
No, because marginal cost is now greater than marginal revenue.
yes, because marginal cost is now greater than marginal revenue.
No, because marginal cost is now less than marginal revenue.
yes, because marginal cost is now less than marginal revenue.
No, because marginal cost is now greater than marginal revenue.
By marginal revenue, what do you mean?
The additional money made from the sale of one more unit of output is referred to as marginal revenue.
The law of diminishing returns dictates that marginal revenue will eventually begin to decline as output level rises, even though it can remain constant above a certain threshold of output.
What makes it marginal?
When something is marginal, it usually means that it has a minor impact and exists outside of a larger system. It has a tendency to minimize the significance of anything considered to be trivial.
So for 1 unit increase in production, the cost has increased by $(27,000 ÷ 2000)
= $13.5.
But we have marginal revenue which equal price to be $10.
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Effects of fiscal policy Assume that the economy is currently producing at its potential output. Suppose the government decided to decrease government purchases, but everything else in the economy remained the same. On the following graph, shift the aggregate demand curve (AD), the short-run aggregate supply curve (SRAS), or both to show the intended short-run effect of this fiscal policy on the economy Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther. SR AD SRAS AD REAL GDP ,they will beeffective as fiscal policy than anticipated Because temporary tax changes Grade It Now Save & Continue
In this scenario, the aggregate demand curve should be shifted to the left. This will cause a decrease in real GDP in the short run. The SRAS curve should remain in the same position.
This decrease in real GDP will be less than anticipated, as the SRAS curve will shift to the right due to increased business confidence and a potential reduction in prices. From AD 1 to AD 3, a shift to the left of the aggregate demand curve denotes a decline in the quantity of real GDP desired at the same price levels. A change in the price level does not affect changes in aggregate demand. Instead, they result from shifts in the demand for any of the real GDP's constituents. In this section, the discussion will briefly outline two major categories that could cause AD curves to shift: modifications to consumer or business behaviour and modifications to governmental tax or spending policies.
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Maple Enterprises sells a single product with a selling price of $75 and variable
costs per unit of $30. The company’s monthly fixed expenses are $22,500.
The company's break-even point is 500 units and $37,500 . In order to earn a profit of $45,000 Maple needs to sell 1500 units. Maple needs to have a sales of $112,500 to have the target profit of $45,000.
What is break-even point?In economics, business, and specifically cost accounting, the break-even point is the point at which total cost and total revenue are equal, i.e. "even". There is no net loss or gain, and one has "broken even," despite the fact that opportunity costs were incurred and capital received the risk-adjusted, expected return.
The calculations are shown below:-
Given,
Selling price= $75,
Variable costs per unit = $30, and
Monthly fixed expenses = $22,500.
a) Break-even point = Fixed cost ÷ Contribution margin
Break-even point= 22,500/ (75 - 30) = 500 units
b) Break-even point ( in dollars) = Fixed cost ÷ Contribution Margin
Break-even point = 22,500/(45/75 ) = $37,500
c) Contribution margin income statement:
Sales (75 × 900) 67,500
Variable cost (900 × 30) (27,000)
Contribution margin 40,500
Fixed costs (22,500)
Net operating income 18,000
d) The break-even point in units and dollars when profit is $45,000.
Break-even point= Fixed cost + Target profit ÷ Contribution Margin
= 67,500/45
= 1,500 units
e) Break-even point ( in dollars)
= Fixed cost + Target Profit ÷ Contribution Margin ratio
= 67,500/(45/75)
= $112,500
f) Contribution margin income statement:
Sales 150,000
Variable cost (2,000× 30) (60,000)
Contribution margin 90,000
Fixed costs (22,500)
Net operating income 67,500
Therefore, all the required information for Maple Enterprise is calculated above.
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Your question is incomplete, but most probably the full question was,
Maple Enterprises sells a single product with a selling price of $75 and variable costs per unit of $30. The company's monthly fixed expenses are $22,500.
What is the company's break-even point in units?
What is the company's break-even point in dollars?
Construct a contribution margin income statement for the month of September when they will sell 900 units.
How many units will Maple need to sell in order to reach a target profit of $45,000?
What dollar sales will Maple need in order to reach a target profit of $45,000?
Construct a contribution margin income statement for Maple that reflects $150,000 in sales volume.
point-of-sale (POS) terminal
a computer used to collect, store, and report all the information of a sales transactiontrue or false
Computers called point-of-sale (POS) terminals are used to gather, store, and report all the details of a sales transaction. This statement is true.
A point-of-sale (POS) terminal is a computer-based hardware and software system used to process sales transactions at a retail or other point of purchase. The system includes hardware components such as a cash register, barcode scanner, credit card reader, and other peripherals. The software component includes a user interface to enter the sale amount and select the payment method.
The POS terminal captures the transaction data and stores it in a database for later analysis and reporting. This information can be used for inventory management, sales analysis, and customer relationship management. POS systems are widely used in retail, hospitality, and other industries where the sale of goods or services occurs at a fixed location.
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The following data from the just completed year are taken from the accounting records of Mason Company:
Sales $ 651,000
Direct labor cost $ 84,000
Raw material purchases $ 136,000
Selling expenses $ 103,000
Administrative expenses $ 46,000
Manufacturing overhead applied to work in process $ 205,000
Actual manufacturing overhead costs $ 222,000
Inventories Beginning Ending
Raw materials $ 8,700 $ 10,400
Work in process $ 5,200 $ 20,200
Finished goods $ 75,000 $ 25,100
Required:
1. Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials.
2. Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold.
3. Prepare an income statement.
Required 1
Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials.
Prepare a schedule of cost of goods manufactured. Assume all raw materials used in production were direct materials.
Mason Company
Schedule of Cost of Goods Manufactured
Direct materials: Total raw materials available Raw materials used in production Total manufacturing costs 0
Cost of goods manufactured Prepare a schedule of cost of goods sold. Assume that the company's underapplied or overapplied overhead is closed to Cost of Goods Sold.
Mason Company
Schedule of Cost of Goods Sold
Prepare an income statement.
Mason Company
Income Statement
0
Selling and administrative expenses: 0
$0
Direct labour and productive labour are the terms used to describe the workers who actually handle and process the various materials, either directly or with the help of machines.
What is meant by direct labor?Direct labour costs are a part of the wage bill or payroll that can be specifically and consistently linked to or allocated to the production of a commodity, a particular work order, or the provision of a service. The salaries and wages given to workers who are directly involved in the production of a particular good or in rendering a service are referred to as direct labour.
Regular working hours, overtime hours, associated payroll taxes, social welfare, Medicare, unemployment, worker's benefits, retirement plan contributions, medical coverage, and other expenses are all considered to be direct labour costs.
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please answer the questions i wasted all my points on this
1. Explain why Pine states no experiences can be one hundred percent natural.
2. Explain the correlation between Shakespeare and the economy.
3. Pine uses Starbucks as an example to illustrate how price points change as consumers move from purchasing a simple product to purchasing an experience. Explain what happens to the cost for the customer as these stages progress.
The total advertising budget for Beza Media is Birr 200,000. The following gives the costs per exposures per ad package (with all numbers in thousands). Medium I 10 Cost/package and Exposures/package 3,100,000 Medium II 4 Cost/package and Exposures/package 2,000,000 Medium III 5 Cost/package and Exposures/package 2,500,000 If the maximum number of Medium I, Medium II and Medium III packages that can be purchased is 18, 10, and 12, respectively.
How many of each ad package should be purchased to maximize the number of ad exposures?
To increase the number of ad exposures, 4 ad packages should be purchased if the maximum numbers of medium 1, medium 2, and medium 3 packages that can be purchased are 18, 10, and 12, respectively.
An estimate of a company's promotional costs for a specific time period is referred to as an advertising budget. The amount of money a business is prepared to set aside in order to achieve its marketing goals is more crucial. The sum of money set aside for marketing and advertising is known as an advertising budget. Money spent on advertising must be compared to the potential earnings those dollars could bring in. Profiles can be created using demographic analysis and customer segmentation to assist in maximising the returns on advertising investments.
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Correct question:
The total advertising budget for a firm is $200,000. The following table gives the costs per ad package for each medium and the number of exposures per ad package (with all numbers in thousands).
Medium 1
Medium 2
Medium 3
cost/package
10
4
5
exposures/
package
3100
2000
2400
If the maximum numbers of medium 1, medium 2, and medium 3 packages that can be purchased are 18, 10, and 12, respectively, how many of each ad package should be purchased to maximize the number of ad exposures?
Based on the description for our new investment advice platform, what capabilities or innovations are missing that you want included?
Which of the following is the most likely result of a rapid increase in the money supply?
I. an increase in the inflation rate
II. fewer beneficial exchanges
II. fewer investments in capital projects
a. I and III
b. I only
c. I, II, and III
d. II only
The term that is most likely result of a rapid increase in the money supply is b. I only
How Is Inflation Affected by the Money Supply?The amount of money in circulation in a nation has a significant impact on whether inflation happens. A government implements specific monetary and fiscal policies to advance the long-term welfare of its citizens as it assesses economic conditions, price stability objectives, and public unemployment. These monetary and fiscal measures could alter the amount of money in circulation, which could lead to inflation. When a nation's money supply expands more quickly than its economic output, inflation results.
The Federal Reserve injects capital into the economy by purchasing short-term securities from banks, which alters the money supply.
Therefore, option B is correct.
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Prepare an accrual basis income statement for the 6 month
The repair shop equipments was purchased on November 1 and has an estimated useful life of 4 years . Lease payments to the landlord are made at the beginning of each month. The part time helper is owed 420 at April 30, for unpaid wage. At April 30.2022
The net income for Oriole Company based on the information is $14063
What is the income statement about?The accrual technique for calculating income statements means that revenues are recorded (recognized) on the income statement in the accounting period in which they are earned, which is frequently different from the period in which payment from customers is received.
Instead of recording when money actually changes hands, accrual accounting tracks income and costs as they are incurred (when an invoice is made or a bill is received).
Kindly note that the income statement have been attached.
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Oriole Company, a ski tuning and repair shop, opened on November 1, 2021. The company carefully kept track of all its cash receipts and cash payments. The following information is available at the end of the ski season, April 30, 2022.
Cash
Receipts Cash
Payments
Issuance of common shares
$20,000
Payment to purchase repair shop equipment
$9,220
Rent payments to landlord
1,295
Newspaper advertising payment
340
Utility bill payments
815
Part-time helper’s wage payments
2,150
Income tax payment
10,500
Cash receipts from ski and snowboard repair services
30,100
Subtotals
50,100 24,320
Cash balance
25,780
Totals
$50,100
$50,100
The repair shop equipment was purchased on November 1 and has an estimated useful life of 5 years. Lease payments to the landlord are made at the beginning of each month. The part-time helper is owed $490 at April 30, 2022, for unpaid wages. At April 30, 2022, customers owe Oriole Company $475 for services they have received but have not yet paid for
Would it be legal for the hotel to exclude some customers from the restrictions?
Explanation:
Accordingly, under common law, hotels must accept guests unless there is a reasonable or non-arbitrary reason for rejecting a guest.
Jerry : 11,400 x ( 1 + 0.12/4)^(4 x 5) = 24,978.80
Elaine : 14,400 x (1 + 0.06/2)^(2 x 5) = 19,352.40
Explanation:
I am not understand the formula to get this process done. I know that Jerry is quarterly and Elaine is semiannually? please help me with this
It should be noted that the formula for compounded interest is based on the principal, P, nominal interest rate, i, and the number of compounding periods. The formula you would use to calculate the total interest if it is compounded is P[(1+i)^n-1].
How to explain the informationInterest compounded semiannually means that the principal of a loan or investment at the start of the compounding period, for instance, six months, includes the entire interest from each prior period.
The amount of interest due on simple interest loans and investments solely determines the initial principal sum. In this case, the first one is quarterly and the second one is semi annually.
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A company's ledger accounts and their end-of-period balances before closing entries are posted are shown below. What amount will be posted to Wilson Peters, Capital in the process of closing the Income Summary account? (Assume all accounts have normal balances.)
Salo department is the result of
Answer:
Explanation:
a package film
What excites your about real estate?
An exciting factor about real estate is the potential for financial gain.
Why is real estate exciting ?Real estate can be an exciting field for those who are passionate about the potential for financial gain, creative expression, community impact, and dynamic work environments.
Real estate can be a lucrative investment, and many people are drawn to the potential for making money through buying, selling, or renting properties and it also offers opportunities for creative expression, such as through interior design, architecture, or landscaping.
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The relative proportion of each type of cost in an organization is known as the company's ___ ___
A cost structure means the types and relative proportions of fixed and variable costs incurred by the company.The company's employees cooperate for a common goal in order to achieve clearly defined objectives.
A company, frequently abbreviated as "co.," is a legal designation for a collection of individuals with a shared objective who may be either natural, legal, or a combination of the two. Companies can take many different forms, including:voluntary groups with a profit motive, such as for-profit businesses, banks, programmes, and nonprofits, as well as educational institutionsA business may be constituted as a legal entity so that the company itself has limited liability as members fulfil or fail to fulfil their obligations in accordance with the publicly stated incorporation, or published policy. After a business has closed, it could be required to liquidate it in order to
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How does chemical hazard affect the employee, employer and other stakeholders
The way that Chemical hazards affect these groups of persons have been listed below
How does chemical hazard affect the employee, employer and other stakeholdersChemical hazards can have a significant impact on a wide range of stakeholders, including employees, employers, and the general public.
Employees:Exposure to hazardous chemicals can result in a range of health effects, including skin and eye irritation, respiratory problems, and even more serious long-term health problems such as cancer, birth defects, and organ damage.In addition, workers may be at risk of accidental injury or death if there is a chemical spill or release.Employers:
Employers have a legal responsibility to provide a safe working environment for their employees and to ensure that hazardous chemicals are properly managed and stored.If an employee is injured or becomes ill due to exposure to hazardous chemicals, the employer may be liable for medical costs and compensation.Employers may also face financial penalties if they fail to comply with relevant health and safety regulations.Other Stakeholders:The local community and environment may also be affected by chemical hazards, especially in the event of a spill or release.This can result in property damage, pollution of soil and water, and harm to wildlife and other living organisms.In addition, emergency response and cleanup costs can be significant, and the reputation of the company responsible for the chemical hazard may be negatively impacted.It is important for employers to take chemical hazards seriously and to implement appropriate measures to minimize the risk to employees, the community, and the environment. This can include providing appropriate training and protective equipment, conducting regular risk assessments, and having contingency plans in place to respond to chemical incidents.
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Which of the following statements about a ledger is false?
A. The journal page number is written in the "Post Ref." column of the ledg
B. Each account is listed on a separate general ledger account form.
C. Both the debit and credit parts of the transaction are recorded on the sa
page in the ledger.
D. The account title and account number appear in the heading of a ledger
The false statement about a ledger is
A. The journal page number is written in the "Post Ref." column of the ledger.
What is ledger?A ledger is a book or computerized accounting system used to record and classify financial transactions of a business. Ledgers provide a summary of financial transactions in various accounts, such as assets, liabilities, revenues, expenses, and equity, and are used to prepare financial statements.
The Post Ref. column of a ledger is used to record the page number in the journal where the original transaction was recorded, which helps to trace back the transaction to the journal. However, the journal page number is typically recorded in the "Journal" or "Jour." column of the ledger rather than the "Post Ref." column.
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compare and contrast the South African mixed economy with a centrally planned economic system
On July 12, year 4, Carver, Inc. acquired Jones Company in a business combination. The carrying value for each of the three reporting units of the acquired company is as follows.
Retailing $30,000
Service $20,000
Financing $40,000
Near the end of year 4 a new major competitor entered the company's market and Carver was concerned that this might cause a significant decline in the value of goodwill. Accordingly, Carver computed the fair value of the three major reporting units at December 31, year 4, as follows:
Retailing $25,000
Service $10,000
Financing $60,000
Determine the amount of impairment of goodwill that should be recorded by Carver at December 31, year 4.
A) $0
B) $10,000
C) $15,000
D) $25,000
When a company acquires another company, the purchase price of the acquisition is allocated to the acquired company's assets and liabilities based on their fair values.
Any excess purchase price over the fair value of net assets acquired is recorded as goodwill. Goodwill is an intangible asset that represents the future economic benefits expected to result from the business combination. In subsequent periods, the company needs to test whether the goodwill is impaired, which means its carrying amount exceeds its fair value. If the fair value of the reporting unit is less than its carrying amount, an impairment loss must be recognized for the difference. In this case, Carver, Inc. acquired Jones Company in a business combination on July 12, year 4. At the end of year 4, Carver was concerned that a new major competitor in the market might cause a significant decline in the value of goodwill. To determine the impairment loss, we need to compare the carrying amount of each reporting unit with its fair value. If the fair value is less than the carrying amount, an impairment loss must be recognized. For the Retailing reporting unit, the carrying amount is $30,000, and the fair value is $25,000. Therefore, the impairment loss is $5,000 ($30,000 - $25,000). For the Service reporting unit, the carrying amount is $20,000, and the fair value is $10,000. Therefore, the impairment loss is $10,000 ($20,000 - $10,000). For the Financing reporting unit, the carrying amount is $40,000, and the fair value is $60,000. Therefore, there is no impairment loss. The total impairment loss is the sum of the impairment losses for the Retailing and Service reporting units, which is $5,000 + $10,000 = $15,000. Therefore, the answer is (C) $15,000.
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Bataille
Question 10
If the market equilibrium is at price = $11/hour, and the government imposes a minimum wage of $14, we
will have a
The market equilibrium is at price $11/hour. The government imposes a minimum wage of $14. The new equilibrium will be Binding and we will have a surplus. The correct option is b.
What is market equilibrium?Market equilibrium is a market state where the supply in the market is equal to the demand in the market. The equilibrium price is the price of a good or service when the supply of it is equal to the demand for it in the market.
If a market is at equilibrium, the price will not change unless an external factor changes the supply or demand, which results in a disruption of the equilibrium.
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Your question is incomplete, but the full question probably is:
The market equilibrium is at price $11/hour. The government imposes a minimum wage of $14. The new equilibrium will be
A. Not binding and we will have neither a surplus nor a shortage.
B.Binding and we will have a surplus.
C.Not binding and we will have a shortage
D.Binding and we will have a shortage.
Raphael lives in San Diego and runs a business that sells guitars. In an average year, he receives $724,000 from selling guitars. Of this sales revenue, he must pay the manufacturer a wholesale cost of $424,000; he also pays wages and utility bills totaling $266,000. He owns his showroom; if he chooses to rent it out, he will receive $4,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Raphael does not operate this guitar business, he can work as a paralegal, receive an annual salary of $21,000 with no additional monetary costs, and rent out his showroom at the $4,000 per year rate. No other costs are incurred in running this guitar business.Identify each of Raphael's costs in the following table as either an implicit cost or an explicit cost of selling guitars. Implicit Cost 0 Explicit Cost 0 a.The rental income Raphael could receive if he chose to rent out his showroom b.The wholesale cost for the guitars that Raphael pays the manufacturer c.The salary Raphael could earn if he worked as a paralegal d.The wages and utility bills that Raphael pays Complete the following table by determining Raphael's accounting and economic profit of his guitar business. Profit (Dollars) Accounting Profit Economic Profit Alternatively, the economic profit he would earn as a paralegal would be $? If Raphael's goal is to maximize his economic profit, he stay in the guitar business. True or false: Raphael is not earning a normal profit because his profit is positive. a.False b.True
Accounting profit is $34,000. Economic profit is - $7,000. Explicit cost are cost incurred in the course of running a business.
What is Explicit cost?Explicit costs are regular business expenses that are recorded in the general ledger of a firm and have a direct impact on its profitability. They have specific monetary values that are carried over to the income statement.
Wages, leasing payments, utilities, raw materials, and other direct costs are a few examples of explicit costs. Only explicit costs are taken into account when determining a company's profit because they clearly have an impact on its bottom line.
Depreciation is an explicit cost even if it cannot be directly linked to the cost of the underlying corporate asset because it cannot be physically traceable. The residual income that is left over after all explicit costs have been covered by a business's net income (NI).
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Emma is writing a customer survey for a new diet pill that her company has just released. As she is working on the
survey questions, she is including questions that ask about how colorful and creative the product's packaging is and
how enticing it is for the customer to pick that product. This type of survey question BEST describes what research
limitation?
The sort of survey question Emma is putting in the customer survey for the new diet pill, focused on how eye-catching and imaginative the product's packaging is and how alluring it is for the consumer to choose that product, displays a restriction connected to researcher bias.
What are the limitations?When a researcher's personal beliefs, opinions, or preferences are taken into account during the design, collection, analysis, or interpretation of a study, it is referred to as researcher bias. In this instance, Emma's inquiries appear to be focused on the product's packaging's visual appeal, which may be affected by her own tastes or presumptions about what buyers find appealing. This might restrict the applicability of the study findings since the survey may not adequately capture the variables that actually affect consumer behavior or product satisfaction.
Use of impartial, objective metrics and thorough consideration of potential sources of bias during the research design and data collecting process are crucial for preventing researcher bias and enhancing the caliber of research.
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Read the following paragraphs about four films and then identify the purpose of each paragraph.
According to the paragraph, (1) The paragraph of the conclusion made to evaluate. (2) To Summarize. (3) To Synthesize. (4) To Analyze.
What is the main purpose of each paragraph?Your paragraphs help to clarify, establish, and support your thesis statement or argument while also directing the reader through the document.
An successful paragraph should always have the following four components: unity, coherence, a topic sentence, and adequate development. One main topic or point should be covered in each paragraph.
Therefore, After reading the following paragraphs about four films and then identifying the purpose of each paragraph the conclusion made is:
To Evaluate.To Summarize.To Synthesize.To Analyze.To know more about the paragraph, visit:
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The complete question is attached:
please help i only have 10 points left now
Using the examples Pine gave, explain the difference between real fake and fake real?
The difference between the two is that real fake is something that is not real but made to look real, while fake real is something that is real but made to look more valuable or significant than it is.
Who is Pine and what is their relevance to the topic being discussed?Without similarly context, I can not be certain which "Pine" is being noted, as it's far a common surname and could talk to some of people. It might be helpful to recognize the whole call of the person in question and the specific subject matter being mentioned to offer an accurate solution.
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