Answer:
The balance in its Retained Earnings account on December 31, 2015 equals $43,375
Explanation:
Ending retained earnings = Beginning retained earnings + Net income - Dividend declare = $ 43,000 + $ 6,000 - $ 5,625
= $ 49,000 - $ 5,625
= $ 43,375
The balance in Anderson’s Retained Earnings account on December 31, 2019 is $ 43,375.
Question 6 of 10
3 Points
A body of the letter is composed of the:
Answer:
Introduction
The body of the letter is usually divided into the three paragraphs (one is the introduction, then supporting details, then conclusion of topic).
explain advertisement
Answer: Advertisement is a marketing communication. It is used to promote businesses and their products. Used to promote more effectiveness in a businesses profit and their sales. May be seen in the form of commercials or billboard announcements in everyday life.
Both the Onus ferry operator in the monopoly market and each of the Yuri ferry operators in the perfectly competitive market will want to produce at the point that the marginal revenue is equal to the marginal cost. Explain in detail the two reasons that the monopoly’s marginal revenue will always be less than its price while the marginal revenue in the perfectly competitive market will always be equal to the market price.
Answer:
The overview of the given statement is described in the explanation segment below.
Explanation:
Monopoly Market:
The demand curve or market price towards the firm was indeed sloping downhill. MR is also below P and AR. Therefore, when earnings are maximized, whereby MR = MC has been used. Price is therefore above MR (Marginal Revenue).Perfectly Competitive Market:
The price shall be calculated whenever market forces are equivalent. The firm seems to be the fixed price and therefore the individual company market price becomes horizontal.Thus,
⇒ [tex]AR=P =MR[/tex]
Hence,
⇒ [tex]P = MR[/tex]
A company sells a plant asset that originally
cost $528000 for $194000 on December
31, 2017. The accumulated depreciation
account had a balance of $264000 after
the current year's depreciation of $44000
had been recorded. The company should
recognize a
Answer:
The company should recognize a loss of $70,000
Explanation:
Here in this question, we shall be evaluating what should be recognized in the transaction books of the company as a result of the sales of one of its plant asset.
The first thing to do here is to calculate the book value of the plant asset.
Mathematically, the book value of the plant asset = Original cost of plant asset - Accumulated depreciation value
from the question; the original cost is $528,000
while the depreciation value is $264,000
Thus, the book value of the plant asset = $528,000 - $264,000 = $264,000
Now since the company sold the plant asset at a value of $194,000, which is less than the book value of the plant asset, the company should recognize a loss
The amount of the loss = Amount at which the sold - book value of the plant asset
= 194,000 -264,000 = -70,000
Thus the company should recognize a loss of $70,000
Only 3 days after the attacks of 9-11, Northwestern Mutual began providing death benefits to surviving families of the first responders who were killed in the line of duty, although official death certificates had not yet been issued. Other insurance companies took months to a full year to process similar claims for their customers. In this example, Northwestern Mutual demonstrated the service quality of _____________, fill in the blank, to its customers.
Answer:
Empathy
Explanation:
Empathy is the ability of a person of business entity to understand the thoughts, feelings, and emotions of their customers. It is the ability to personalise the customer's situation.
This makes the business go the extra mile in solving the customer's problem.
In this scenario Northwestern mutual felt the pain and understood the financial needs of the families of first responders during the 9-11 attack.
So without official death certificates they paid death benefits only 3 days after the attacks.
Other insurance companies however did not empathise with their customers and only paid death benefits some months to a year.
According to Keynesian theory, what is the most important determinant of households' spending on goods and services
A) Autonomous consumption
B) Government spending
C) The price level
D) The interest rate
E) Disposable income
Explain in three sentences what “a decision to communicate constructively” means
A decision to communicate means to communicate positively, offering help and support, and it doesn’t involve criticism and dispiriting. It a method of communicating more effectively and efficiently. In addition, communicating constructively is a way to present your points to a person or audience so they can understand them.
A video game system is on sale for 25% off its original price. If the original price is $200, how much money will be saved?
Answer:
$50
Explanation:
25% = 1/4
200 / 4 = 50
50*3=150, which is 25% off.
Which of the following is NOT a type of bank or banking system? Northern Credit Union Central Commercial
Answer:
Credit union
Explanation:
A credit union is technically not considered a bank, unlike the other answer choices, because credit unions are not-for-profit. Banks, of course, take te money in checking accounts and use it for their own ends, but credit unions are just groups that provide mutual benefit to those who use them.
this is for you so i dont feel bad
Landon jewelers uses the perpetual inventory system. on april 2, landon sold merchandise with a cost of $2,500 for $7,000 to a customer on account with terms of 3/15, n/30. the journal entry to record the cost of goods sold would be:
Answer:
Dr Cash $6,790
Dr Sales discount $210
Cr Accounts Receivable $7,000
Explanation:
Cost of goods sold by Landon Jewelers is $7,000
The cost is subject to 3/15, n/30 meaning that 3% will discount will be applicable if payment is made in 15 days. Where the balance is not paid within 15 days, it must however be paid within 30 days.
Since payment was made to Landon Jewelers within the 15 days grace, 3% deduction will be applicable to the payment.
Therefore Sales discount would be ;
= $7,000 × 3%
=$210
Balance paid in cash would be;
=$7,000 - $210
=$6,790
Journal entry for cost of goods sold would be;
Dr Cash $6,790
Dr Sales discount $210
Cr Accounts Receivable $7,000
Sales discount is an expense hence debited while the whole amount is credited to accounts receivable.
Board of directors of 'Fairdeal limited' has formulated a policy for human resources development. According to this policy, certain standards will have to be taken in consideration prior to the appointment of persons in the company. Some of the main standards are: existin employees of the company should be motivated,selection should be riskless and should not need any induction. Identify the source of employment adopted by Fairdeal Ltd.
Answer:
Internal employment source
Explanation:
When a company chooses from among its existing employees to fill up open job position it sourcing internally, however if it recruits from outside the organisation it is an external employment source.
Therefore, the policy decision of the Board of directors of 'Fairdeal limited' adopted the internal employment sourcing.
Is South Korea one of the fastest-growing Asian country
Answer:
yes, it is
Explanation:
It has one of the largest economies in the world
which of the following will increase investment spending
A) More optimistic business expectations
B) An increase in interest rates
C) Ann increase in business taxes
D) A decrease in capacity utilization
E) All of the above
Answer:
E
Explanation:
All the suggested options can increase investment spending
Investment spending is the money spent towards business expansion in the area of acquiring capital goods such as plant and machinery or goods used in the production like the raw materials.
Optimistic business decision : Leads to more investment in potential business opportunities
Increase in interest rates : As funds are borrowed to finance investment , increase interest rate will increase spending.
Increase in business taxes : This means that companies will have to pay more on taxes
Decrease in capacity utilization : This will lead to the acquisition of more machinery and investment spending increase
Answer:A More optimistic business expectations
Explanation:
A p e x
Ayayai Corp. bought equipment on January
1, 2017. The equipment cost $470000 and
had an expected salvage value of $70000.
The life of the equipment was estimated to
be 6 years. The depreciable cost of the
equipment is
Answer:
The depreciable cost of the equipment is $400,000
Explanation:
In this question, we are tasked with calculating the depreciable cost of the equipment bought
To calculate this, we simply engage the use of a mathematical relation
Mathematically;
Depreciable cost = Original Cost - Salvage value
From the question, the original cost is $470,000
The salvage value = $70,000
Inputing these values into the equation, we have
Depreciable cost = $470,000 -$70,000 = $400,000
"Creditors do not actually have to worry about their dues in case the business fails." In which form of business is this possible? Which special feature is highlighted in this statement ?
Answer:
sole proprietorship.
Explanation:
An exclusive property can be defined as a business structure that is managed and owned by a single person, so there is no legal distinction between the owner and his company. This is a type of simple business structure, and is generally used by people who are starting some kind of enterprise.
Therefore, this is the most appropriate business form for the statement of the issue, since in this structure there is only a single owner in the company, which guarantees its sole responsibility for all profits, debts and losses inherent to the business.
You can best show a business your interest in their job position through:
A.)social media
b.) an application
c.) a resume
d.) a cover letter
Answer:
d.) a cover letter
Explanation:
The best way to show a company/business your interest in the job position is through the cover letter. This is a letter that goes in front of your resume when applying for a job and is where the applicant usually explains who they are and why they want the job. This cover letter is the first thing that the employer will see and should tell them why you want the job and why you are the best choice for that job in order to convince them into interviewing or hiring you.
Taxes are often ovved on?
initial investments,
the current value of investments.
the real value of investments,
investment returns.
Answer:
Investment returns
Explanation:
Tax is a compulsory levy imposed by the government on an individual, firms etc for the provision of infrastructure.
Generally speaking, taxes are paid as soon as money is earned. While some taxes are due for payment when investments are sold at a profit, others like dividend , mutual funds are due when distribution is paid on the investment.
The ratio of gain or losses on an investment is referred to as investment returns. The returns could be higher which means profit hence must be taxed. It could also be the other way round,i.e lower returns . In such situation, loss is incurred on the investment and it is not taxed same way as having profit on the investment.
D. investment returns.
Woodsmith magazine gave instructions on how to build a pine cupboard. Lumber will be needed for two shelves 1134 inches long, two base sides 1112 inches long, and two door stiles 2918 inches long. Your lumber comes in 6 foot lengths. A. How many feet of lumber will you need? (Enter your fraction in lowest terms.)
Answer:
Hi there!
You'll need 860.67 feet of lumber.
Explanation:
First we calculate the needs of lumber in inches
Shelves: 2 x 1,134 = 2,268 inches
Base Sides: 2 x 1,112 = 2,224 inches
Door stiles: 2 x 2,918 = 5,836 inches
Total inches long of lumber needed:
2,268 + 2,224 + 5,836 = 10,328 inches
Then we convert the unit of measure from inches to feet:
One inch equals 0.08333 feet.
10,328 x 0.08333 = 860.67 feet
A large company issues stock. The company selling the stock often distributes profits by issuing to its shareholders.
Answer:
Following are the answer to this question:
Explanation:
It is an Act, in which an individual disposes or sells equity shares. Any reasons for selling stocks involve income, reducing losses, or access to money. There is indeed a big corporation of blue-chip stocks. In the stock marketing firm commonly allocates profits towards its stockholders whilst also releasing dividend payments.A major, well known, and financially sound company, which is in business for many years is a blue-chip stock.Answer:
The answers are - blue chips and dividends.
Explanation:
Carmax is a national chain that sells used cars. the likely impact of its arrival in the market would be to _____. everything else held constant, this would likely _____ the price of used cars.
Answer:
1. shift the supply of used cars to the right
2. lower
Explanation:
1. With carmax's arrival in the market this has caused the number of sellers to increase thereby shifting the supply curve to the right. An increase in the number of sellers increases the quantity supplied at each price.
2. Since the supply of used cars have increased and demand remains the same, there will be a surplus in the market for used cars resulting in lowered prices of used cars.
.WHAT ARE THE MERITS AND DEMERITS OF MNC
Explanation:
Merits1. it has created a competition through which large varieties of a single goods is available in the market.
2. for the home country, it has lessens the dependence on import and lead to economic development by providing new jobs opportunity .
Demerits1. in some host Nation, the appearance of MNC can regulate competition and main event create a monopoly .
2. workers in the MNCs are paid on an irregular bases and they are often laid off without any payment during the time of recession .
Study the entries in Lupe's records and bank statement. What is the first action Lupe should take when she discovers a difference between her records and the bank's records?
Answer: A
She should check her own records to see if she made a mistake.
Explanation:
She should check her own records to see if she made a mistake is the first action Lupe should take when she discovers a difference between her records and the bank's records. Hence, option A is correct.
What is bank's records?Account statements, signature cards, account applications, wire transfers, and any other DOCUMENT attesting to deposits, withdrawals, balances, and/or other account activity are all considered to be bank records.
If you use Online Banking, you can log in, choose Statements & Documents from the Accounts menu, then pick Order a paper statement copy from the Request statements tab. After you submit your request, paper statements will be mailed to you within 7 to 10 business days.
Any person who employs a financial institution's services, Any person for whom the financial institution serves as a fiduciary; and Corporations or partnerships with five or fewer partners.
Thus, option A is correct.
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The options are attached in the picture-
Blake eats two bags of potato chips each day. Blake's hourly wage increases from $8 to $15, and he decides to stop eating generic chips and instead eats a name brand potato chip. Use the midpoint method to calculate Blake's income elasticity of demand for generic potato chips Round your answer to 2 decimal places.The good isa. a normal good and income-elasticb. a normal good and income-inelasticc. an inferior good
Answer:
The correct answer is option (c) good is an inferior good.
Explanation:
Solution
Given that:
Blake's hourly wage increases form = $8 to $15
Now,
By using the midpoint method we compute Blake's income elasticity of demand for generic potato chips which is given below:
Income elasticity of demand =(Y₁ +Y₂)/(Q₁+Q₂) * (Q₂-Q₁)/ (Y₁ - Y₂)
Thus,
Y₁ =8
Y₂ = 15
Q₁ = 2
Q₂ = 0
So,
Income Ed =23/2x - 2/7
= -46/14
=- 3.28
Therefore, the increase in income decreases demand of generic potato chips. this shows negative income effect which implies that good is inferior in nature.
Answer:
Price elasticity= 2.875
The good is an inferior good
Explanation:
Elasticity of demand is defined as the sensitivity of quantity demanded to changes in price of a particular commodity.
Midpoint method is used to determine elasticity between two prices. Change in quantity and price are divided by the average of each.
Price elasticity= {Q1 ÷ (Q2 + Q1)/2} ÷ {P1 ÷ (P1 + P2)/2}
Average quantity = (2 + 0) ÷ 2= 1
Average price= (8 + 15) ÷ 2 = $11.5
Price elasticity= (2 ÷ 1) ÷ (8 ÷ 11.5)
Price elasticity= 2 ÷ 0.6957 = 2.875
The good is an inferior good
An inferior good is one that demand falls as income of the buyer increases.
In this case an increase in income from $8 to $15 resulted in a fall in demand from 2 to 0
In one or two sentences, explain why people will do less of an activity when the marginal costs are greater than the
marginal benefits.
Answer:
Marginal cost is defined as the additional cost incurred in adding a unit of product or service.
Marginal benefit is defined as the additional satisfaction or utility that the individual receives from consuming the added unit of product or service.
In every endeavor, we weigh the benefit and cost of a certain product, course of action or service. We aim to get the most out of every product or decision. We are driven to reach maximum profit at a minimum cost. Thus, when the marginal cost is greater than the marginal benefit, people will do less of an activity because it is not profitable.
Explanation:
In two to three sentences, answer the following:
What information you can obtain from a stock quote?
Answer:
The information that we can get from stock quote is about bidding price, details of previous bidding, etc.
Explanation:
A stock quote can be defined as the last price of stock of exchange. It is the price on which the traders and the buyers consented in their last trade or exchange.
The details that a stock quote provides is the price of last bid, volume of trade, bid price, volume of trade. The buyers and traders can access this information either on their phones, newspapers, news media, online portals etc. The stock quote is shown in decimals.
You run a game-day shuttle service for parking services for the local ball club. Your total costs for different customer loads are 0: $27, 1: $30, 2: $32, 3: $35, 4: $38, 5: $42, 6: $48, 7: $57, and 8: $68. a. For each customer load level beginning with 1, what is your average total cost? b. For each customer load level beginning with 1, what is your marginal cost? c. If you are compensated $9 per ride, what customer load would you want?
Answer and Explanation:
a and b. The average total cost and the marginal cost is shown below:
As we know that
Average cost is
= Total cost ÷ total number of customer loads
And, the Marginal cost is
= Additional total cost incurred for extra units generated
So based on this, the marginal cost and the average total cost are as follows
Customer load level Total cost Average cost Marginal cost
0 $27
1 $30 $30 ÷ 1 = 30 30 - 27 = 3
2 $32 $32 ÷ 2 = 16 32 - 30 = 2
3 $35 $35 ÷ 3 = 11.67 35 - 32 = 3
4 $38 $38 ÷ 4 = 9.5 38 - 35 = 3
5 $42 $42 ÷ 5 = 8.4 42 - 38 = 4
6 $48 $48 ÷ 6 = 8 48 - 42 = 6
7 $57 $57 ÷ 7 = 8.14 57 - 48 = 9
8 $68 $68 ÷ 8 = 8.5 68 - 57 = 11
c. Now the customer loan you want is
As we know that
Profit = Marginal revenue - marginal cost
And, as we can see that at marginal cost 9 we can load 7 customers so the 7 customers would be wanted
2. Lessack Auctioneers advertised an auction sale that was open to the public and was to be conducted with a reserve price of $150. Gordon attended the auction and bid $100 for a work of art that was worth much more. No higher bid, however, was made. Lessack refused to sell the item for $100 and withdrew the item from the sale. Gordon claimed that because he was the highest bidder, Lessack was required to sell the item to him. Was he correct? Explain
Answer:
No
Explanation:
There was a reserve on the item which means the seller refuses to sell for a price lower then a certain price.
No, Gordon's claim is not correct because if the reserve price is not met, the seller is under no obligation to sell the item to the highest bidder. As a result, some buyers dislike reserve prices because they encourage bids that may not be successful.
What are the advantages of an auction?Through competitive bidding, an auction generates fair market value, allowing you, the buyer, to make an informed purchasing decision with a seller who is eager to sell. The market value is determined by buyers. Auctions allow for a quick purchase and eliminate the need for lengthy negotiations.
If a minimum bid is not met by any of the bids present at an auction, the auctioneer may 'pass in the property, which means that it has not sold. If this occurs, the winning bidder is usually decided to invite to start negotiating with the seller to see if the sale can still be completed.
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Define Red Gross Society.
Answer:
did you mean red cross?
Explanation:
It is an international humanitarian organization established by Geneva Organization to provide medical care.
Construction of new homes decreases. This will cause the demand curve to shift ___________ for complimentary goods used to build the homes such as timber.
Answer:
to the left
Explanation:
When the construction of new homes decreases, the demand curve for complimentary goods used to build homes shift to the left as a result of a decrease in their demands.
The demand curve is a graph that shows the demand for a product in relation to the price of the product at a specific point in time. When the demand for a product increases, the curve shifts to the right, and when it decreases, the curve shifts to the left.
Complementary goods are goods that are required in conjunction with other goods or services. For example, timbers are required for buildings, hence, they timbers serve as complementary goods to buildings.
When the construction of new homes decreases, it means there will be less demands for timbers and as such, the demand curve will shift to the left.
