The formula for cost of goods sold is Opening inventory + Purchases - Closing inventory.
What is cost of goods sold ?The direct costs of producing the products that a business sells are referred to as its cost of goods sold (COGS). The cost of the labor and materials directly employed to make the good are also included in this sum. It doesn't include indirect expenditures like those associated with the sales staff and distribution.
To calculate cost of goods sold, you add the purchases made in the period, to the opening stock to that period. Then you deduct the closing stock from this sum.
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Which of the following should be disclosed as supplemental information in the statement of cash flows?
Cash Flow per Share:
Conversion of Debt to Equity:
A. Yes; Yes
B. No;No
C. Yes;No
D. No;Yes
Option D is correct. Cash flow per share: No, conversion of debt to equity: yes.
A cash flow statement is a financial statement that provides aggregate data on all cash inflows a company receives from its ongoing operations and external investment sources.
A company's financial statements provide investors and analysts with an overview of all the transactions that the company has made, each contributing to its success. The cash flow statement is considered the most intuitive of all financial statements because it tracks the cash a company generates in three ways:
Through operations, investments and financing.
These three different sections of the cash flow statement help investors determine the value of a company's shares or the company as a whole.
A cash flow statement provides data on all cash inflows a company receives from ongoing operations and external sources of investment.
A cash flow statement includes cash generated by a company through operations, investments, and financing. These sums are known as net cash flows.
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Which of the following symbols is used to depict different organizations in one Business Process Modeling Notation (BPMN) diagram? A. Gateway
B. Message flow
C. Pool
D. Intermediate event
Pool is the symbols is used to depict different organizations in one Business Process Modeling Notation (BPMN) diagram.
What is a notation used in business process modeling?A planned business process's steps are depicted using flowcharts using the Business Process Modeling Notation (BPMN) approach. It visually illustrates a thorough sequence of business operations and information flows required to complete a process, making it a crucial component in business process management.A business process model's graphical representation for describing business processes is known as the business process model and notation. Since the two groups amalgamated in 2005, the Object Management Group has been responsible for maintaining BPMN, which was initially created by the Business Process Management Initiative.The primary distinction between UML and BPMN is that although BPMN is process-oriented, UML is object-oriented. Because of this, BPMN may be used widely in both business and IT, whereas UML is better suited for creating IT systems and less effective for enhancing processes.Learn more about BPMN refer to :
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According to the passage, Fairtrade certification procedures take into account all of the following EXCEPT which one?A.Social justiceB.Environmental responsibilityC.Market valueD.Ethical behavior
According to the passage, Fairtrade certification procedures take into account except. C)Market value.
Fairtrade certification is a system that ensures that farmers and workers in developing countries are paid fair wages and have access to safe working conditions. The certification process takes into account several factors, including social justice, environmental responsibility, and ethical behavior. These factors are evaluated to ensure that the products being certified are produced in a way that is fair to the farmers and workers who produce them.
However, the certification process does not take into account the market value of the products. This means that it is not a guarantee that the products will sell at a higher price than non-Fairtrade certified products. Instead, the focus is on ensuring that the farmers and workers who produce the products are treated fairly and receive fair wages for their labor.
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A company uses the allowance method to recognize uncollectible accounts expense. When collection is made on an account that was previously written off, what is the effect on each of the following accounts?
a. no effect to Allowance for Bad Debt and a decrease to Bad Debt Expense
b. increase to Allowance for Bad Debt and a decrease to Bad Debt Expense
c. increase to Allowance for Bad Debt and no effect to Bad Debt Expense
d. no effect to Allowance for Bad Debt and no effect to Bad Debt Expense
A company uses the allowance method to recognize uncollectible accounts expense. -c. increase to Allowance for Bad Debt and no effect to Bad Debt Expense
When a company uses the allowance method to recognize uncollectible accounts expense, it estimates the amount of bad debt that it expects to occur from customer accounts. This estimate is recorded as an increase to the Allowance for Bad Debt account, and a corresponding decrease to the Accounts Receivable account.When a collection is made on an account that was previously written off, it means that the company has received payment on a debt that it had previously determined to be uncollectible. This would cause the company to reverse the bad debt expense that was previously recognized by increasing the Allowance for Bad Debt account. As the expense has already been recognized, there is no effect on Bad Debt Expense.
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if a bank is a member of the federal deposit insurance corporation (fdic), then which of the following is true?
The FDIC is an independent organization established by the US Congress to safeguard stability and public confidence in the country's financial system.
What does a bank's membership in the FDIC signify?If an insured bank fails, the FDIC safeguards depositors of American-based insured banks from losing their money. In a bank that is insured by the FDIC, anyone or any business may be covered. To have their deposits insured by the FDIC, a person does not have to be a citizen or resident of the United States.
What happens to money deposited in a bank that is FDIC-insured?A: The FDIC responds in two ways in the unlikely case of a bank failure. First, as the provider of the
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your friend is habitually late on loan payments. which of the following is the expected outcome of this behavior for your friend? more likely to get future loans
The predicted result of your friend's actions is that future loans will be more difficult to obtain, since lenders may perceive them as unstable or untrustworthy.
Due to their past of late payments, they may face a higher interest rate or costs on future loans .A payment that is past due is one that has not yet been made by the due date's cutoff time. Borrowers who are past due frequently incur penalties and may be charged late fees. Failure to repay a loan on time typically has a negative impact on a borrower's credit history and may result in loan conditions being permanently altered. Past due status can be applied to any payment type that has not been made by the due date's cutoff time. Payments that are past due are often fined in accordance with the terms of a contractual agreement. Credit agreements are one of the most typical reasons for past-due payments.
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(Table: Total Cost for a Perfectly Competitive Firm) Examine the table Total Cost for a Perfectly Competitive Firm. The firm will stop production and shut down if the price is:A) $2.50.B) $3.50.C) $5.00.D) $4.50.
The concept is Perfect competition, which is composed of many firms, where no one firm has market control. The answer is option A, $2.50.
Perfect competition leads to allocative and productive efficiencies since prices reflect consumer preferences and firms are profit-oriented. when a good or service is produced at the lowest possible cost. The closure may reduce variable costs to zero, but in the short term, the company has already paid the fixed costs.
So if a firm produces zero quantity, it will still suffer losses because it still has to pay its fixed costs. Production occurs whenever marginal cost equals the average rate of return and price (MC = AR), so this market is allocation efficient.
In a perfectly competitive situation, all producers who maximize their profits face a market price equal to their marginal cost (P = MC). This means that the price of an item is equal to the product of the item's marginal profit. In the short run, perfectly competitive markets are not necessarily productive because production does not always occur when marginal cost equals average cost (MC = AC).
In the long term, however, production efficiency will improve as new companies enter the industry. The average variable cost (AVC) is the lowest. This is where the marginal cost (MC) curve intersects the average variable cost (AVC) curve, whether to stop or continue production if, regardless of the decision, there are losses equal to the total fixed costs.
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the most recent data from the annual balance sheets of free spirit industries inc. are given in the balance sheet and the income statement given below:
To solve for the ratios using the recent data, you can use the following formulas: Current ratio: =B4/B8; Inventory turnover ratio: =B1/B7; Fixed assets turnover ratio: =B1/B11; Total assets turnover ratio: =B1/B17; Debt ratio: =(B10+B6)/B17; Times interest ratio: =(B4-B5-B6)/B9
The inventory turnover ratio is an indicator of a company's performance in inventory management. It is computed by dividing the cost of products sold by the average inventory for a certain time frame. According to the financial statement and revenue statement supplied, the formula to calculate the inventory turnover ratio in Excel would be: =B1/B7. Where B1 is the Net Sales and B7 is the Inventories. This ratio shows how many times a company's inventory is sold and replaced in a given period. A higher ratio indicates that the company is efficiently managing its inventory and turning it over quickly, while a lower ratio may indicate that the company is struggling to sell its inventory. The current ratio evaluates a company's liquidity and capacity to satisfy short-term commitments. In the provided balance sheet, the formula to calculate the current ratio in Excel would be: =B4/B8. Where B4 is the Current Assets and B8 is the Current Liabilities. A current ratio of 1:1 is considered to be a healthy balance, indicating that the company has enough current assets to cover its short-term liabilities.
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Which of these is the requirement imposed on a consumer to use (or not use) a particular service or product in order to participate in a transaction?O tie-in arrangement
A tie-in arrangement is when a consumer is forced to use (or refrain from using) a specific service or product in order to engage in a transaction.
What is a tie-in arrangement?A tie-in arrangement is an agreement between two entities, usually a business and a customer, in which the customer agrees to purchase a certain product or service from the business in order to receive a benefit or special offer from the business.
It is also known as a cross-promotion, bundle, or combo deal. The benefit or offer may include discounts, coupons, free items, or other incentives. For example, a business may offer a customer a free item if they purchase a certain product.
Tie-in arrangements are commonly used by businesses to increase sales and promote products and services. They can also help businesses attract new customers and retain existing ones.
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Complete question:
Which of these is the requirement imposed on a consumer to use (or not use) a particular service or product in order to participate in a transaction?
O tie-in arrangement
O general agency
O independent contractors
O gratuitous agency
Gerardi Supply started the year with total assets of $210,000 and total liabilities of $85,000. During the year, the business recorded $275,000 in revenues, $120,000 in expenses, and dividends of $50,000. The net income reported by Gerardi Supply for the year was$155,000.$175,000.$190,000.$125,000.
The net income reported by Gerardi Supply for the year is $155,000. Here option A is the correct answer.
Net income is computed by deducting total costs from total revenues. Gerardi Supply had revenues of $275,000 and costs of $120,000 in this scenario, thus the net income would be:
Net Income = Revenues - Expenses
Net Income = $275,000 - $120,000
Net Income = $155,000
It's important to note that dividends are not included in the calculation of net income, dividends are a distribution of a portion of a company's earnings to a class of its shareholders. The net income is the final profit of the company after all expenses and dividends are paid.
Also, the company's net income doesn't affect its assets and liabilities. Net income is included in the retained earnings, which are part of the equity of the company. The company's assets and liabilities are measured separately and are recorded in the balance sheet.
Complete question:
Gerardi Supply started the year with total assets of $210,000 and total liabilities of $85,000. During the year, the business recorded $275,000 in revenues, $120,000 in expenses, and dividends of $50,000. The net income reported by Gerardi Supply for the year was
A - $155,000.
B - $175,000.
C - $190,000.
D - $125,000.
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PS.52 The Station, a boutique cookie company, needs to create a production process for its new cinnamon malt ball cookies. To help accomplish this, the company has put together some numbers for production costs (per dozen cookies for the variable costs).
Process Type Fixed Costs Labor Costs Material Costs
Pre-Bake $154 $1.75 $0.65
Easy Bake $306 $1.53 $0.48
Speed Bake $531 $1.35 $0.48
The Station projects demand for the semester will be 200 dozen cinnamon malt ball cookies. Due to the cookies' expected popularity the selling price will be $3.95.
Based on the projected demand (volume) for the semester, which process type should they select?
(In the answer field below, write the number that corresponds to your answer. Do not put a period after your number.)
Pre-Bake
Easy Bake
Speed Bake
Under this process type—the one selected in the previous question—what would be their profits for the semester? (Display your answer to the nearest whole number.)
If demand were to increase, what would be the break-even point (in unit volume or demand) between the selected process and the next process option? (Display your answer to two decimal places.)
Beyond this break-even point, which process would be best?
(In the answer field below, write the number that corresponds to your answer. Do not put a period after your number.)
Pre-Bake
Easy Bake
Speed Bake
Based on the break-even point (derived two questions back), what would be the total cost? (Display your answer to two decimal places.)
Based on the projected demand they should select Pre-Bake, $156 would be their profits for the semester and If demand were to increase 389.74 will be the break-even point.
given data:
there are 200 dozen cookies
fixed cost for Pre-Bake = $154
fixed cost for Easy Bake = $306
fixed cost for Speed Bake = $531
Labor Cost for Pre-Bake = $1.75
Labor Cost for Easy Bake = $1.53
Labor Cost for Speed Bake = $1.35
Material Cost for Pre-Bake = $0.65
Material Cost for Easy Bake = $0.48
Material Cost for Speed Bake = $0.48
total cost for Pre-Bake cookies = $ 154 + ( $1.75 + $0.65) x 200
= $634
total cost for Easy Bake cookies = $306 + ( $1.53 + $0.48) x 200
= $ 306 + $402
= $ 708
total cost for Speed Bake cookies = $ 531 + ( 1.35 + 0.48) x 200
= 531 + 366
= $897
their profits for the semester:
= Unit price x number of units – total cost
= $3.95 x 200 - $634
= $790 - $634
= $156
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apply your understanding of the previous key terms by completing the following scenario with the appropriate terminology. your coworker poornima is really concerned about a project that she has just been assigned. she is in charge of analyzing and determining conditions in the market for televisions from an extensive sales report. if poornima's boss is interested in a graphical representation of the relationship between the price and quantity of televisions demanded, you would advise your coworker to construct using the data provided. however, if poornima's boss is more interested in the detailed numbers used to construct this visual representation, you would instead advise your coworker that would be more appropriate.
You would suggest your colleague to create a bar chart or histogram using the supplied data if Kevin's supervisor is interested in a graphical representation of the link between the price and amount of televisions supplied.
Is the meaning supplied?to give, frequently in big amounts and over a long period of time, something that is desired or required: cables buried beneath supplied the electricity. Supply is the volume of things a provider makes available to customers. Prices, consumption of commodities, and demand for services are all influenced by supply and demand. Higher demand is a good sign for suppliers to raise supply, according to the law of supply.
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These are financial protections to ensure that certain types of facilities (e.g., children's hospital) recoup all of their losses due to the differences in their APC payments and the pre-APC payments A) Limiting change B) pass through C) Indemnity insurance D) hold harmless
In the financial protections which ensure which types of facilities recoup all of their reduces due to the differences in the APC payments and the pre-APC payments are hold harmless. The correct option is D.
The APC payments stands for the Ambulatory Payment Classifications which is the government paying method for the people who need the facility outpatient for the Medicare program in the United States.
The financial protection is in many forms like insurance etc. Financial protection is achieved when direct payments made to obtain health services do not expose people to financial hardship and do not threaten living standards.
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A company realizes that recent layoffs at its primary customers reflect potential falling demands for its customers' products, and hence for its own products. The company has engaged in:
A) flow strategy.
B) market segmentation.
C) mission statement redefinition.
D) environmental scanning
The company has engaged in D) Environmental scanning.
What is the process is called Environmental scanning ?The company in question has engaged in environmental scanning, which is the practice of monitoring the external environment in order to identify trends and opportunities that might affect the business.In this case, the company has identified a potential drop in demand for its customers' products through the layoffs, and is taking proactive steps to prepare for any potential decrease in demand for its own products.Environmental scanning involves looking at the economic, political, social, technological, environmental, and legal forces that could affect the business in order to make informed decisions.The company is likely using this information to develop a strategy to mitigate any potential losses and capitalize on any potential opportunities that may arise from the changing environment.By doing so, the company can take proactive steps to protect its business and remain competitive in its industry.Environmental scanning is the process of monitoring and analyzing the external environment, or factors that can affect a business.To learn more about Environmental scanning refer to:
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deep change in an organization involves tightening up documentation and reporting and reallocating resources.
deep change in an organization involves tightening up documentation and reporting and reallocating resources. True
Deep organisational transformation often entails more than just resource reallocation and tighter reporting and documentation requirements. It frequently entails considerable adjustments to the organization's strategy, culture, and organisational structure. A change in the organization's mission or values, adjustments to the way work is done, the adoption of new technology, or the launch of new goods or services are a few examples of what this may include. Deep change may be difficult and needs the participation and dedication of the whole company. It frequently calls for a thorough and coordinated strategy that involves a clear grasp of the present situation, a clear vision of the ideal future situation, and a step-by-step plan to get there. This procedure might be difficult, it could also call for the acquisition of new abilities.
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Review the following statements and select the one that best describes a discount period.
A) The discount period is the time period in which a discount may be taken by the buyer.
B) The discount period is the time between a sale and when payment is due from the buyer.
C) The discount period is another name for the credit terms of a sale.
The Correct option is A. The discount period is the time period in which a discount may be taken by the buyer.
The discount charge is the hobby charge used to decide the prevailing price of future cash flows in a reduced coins float (DCF) analysis. This facilitates deciding if the destiny cash flows from a task or investment could be really worth extra than the capital outlay needed to fund the challenge or funding inside the gift.
The cut price period is the span of time in which an invoice should be paid in complete to get hold of a reduction in the quantity to be paid. The term “bargain factor” in monetary modeling is most typically used to compute the prevailing price of destiny coin flows values. it's far a weighting factor (or a decimal range) this is increased by the future cash drift to discount it to the existing cost.
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____ is short term capital gains considered on the net profit of trades over the year or individual trades
For the most part, on the off chance that you hold the resource for over one year before you discard it, your capital increase or misfortune is a long haul. On the off chance that you hold it for one year or less.
Under the current U.S. government charge strategy, the capital increases charge rate applies just to benefits from the offer of resources held for over a year, alluded to as "long haul capital gains." The ongoing rates are 0%, 15%, or 20%, contingent upon the citizen's expense section for that year.
Capital increases and deductible capital misfortunes are accounted for on Structure 1040, Timetable D, Capital Additions, and Misfortunes, and afterward moved to line 13 of Structure 1040, U.S. Individual Personal Government form. Capital increases and misfortunes are delegated long haul or present moment.
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During 2021, Raines Umbrella Corporation had sales of $769,000. Cost of goods sold, administrative and selling expenses, and depreciation expenses were $464,000, $104,000, and $149,500, respectively. In addition, the company had an interest expense of $74,200 and a tax rate of 24 percent. (Ignore any tax loss carryforward provisions and assume interest expense is fully deductible.) a. What is the company's net income/loss for 2021? (Do not round intermediate calculations and enter your answer as a positive value.) b. What is the company's operating cash flow? (Do not round intermediate calculations.) Answer is complete but not entirely correct.
The company's net income/loss for 2021 and the company's operating cash flow is $127,100.
Calculation to determine the net new long-term debt
Sales = $769,000
Less Cost of goods sold = $464,000
Gross profit = $305,000
($769,000 - $464,000)
Administrative and selling expenses = $104,000
Depreciation expenses = $149,000
Earning before the interest tax = $52,500
($305,000 - $104,000 - $149,000)
Add Depreciation expense = $149,000
Net Cash flow = $127,100
(-$21,900 + $149,000)
Dividend = $102,000
Net new long-term debt = $25,100
($127,100 - $102,000)
Hence, the company's net income/loss for 2021 and the company's operating cash flow is $127,100.
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before a broker can practice as a dual agent, the potential client must sign a brokerage agreement, including disclosure statements. by doing so, the client indicates that she has been informed of the implications of dual agency. the client's signing the disclosure is considered
A method when patients are informed about a medical test, therapy, or clinical study, including key details such as potential risks and benefits.
What is meant by informed consent?A technique in which patients are informed of key facts, such as potential risks and benefits, regarding a medical operation or therapy, genetic testing, or a clinical study. They can use this information to decide if they wish to receive treatment, be tested, or participate in the experiment.
Any medical operation or treatment you receive has the right to be explained to you in full and your consent to be obtained before it is started. You must understand and consent after being informed. Effective communication regarding your disease, available tests, and available treatments is the responsibility of your healthcare professional.
There are three key components that make informed consent for study valid: Information must be disclosed, the patient (or proxy) must be able to make an informed decision, and the decision must be voluntary.
Therefore, the answer is informed consent.
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concord company had the following department data on physical units: work in process, beginning 3070 completed and transferred out 18600 work in process, ending 2410
The total number of equivalent unit for materials in July is 208,800
What is equivalent unit?Understanding the value of partially completed products to a company is done using the concept of equivalent units of production. They are helpful for process costing, which examines the flow of money throughout the manufacturing process.
Equivalent units quantify the amount of labour put into a set number of tangible objects. Simply multiplying the quantity of physical items by the amount of work done on them will yield equivalent units. You would have one equivalent unit for two things that are 50% complete (2 x 50% = 1). The number of equivalent units equals the physical items when they are fully finished.
Total number of Equivalent units for materials in July:
Particulars Units
Completed and transferred out 164,600
Work in process, July 31 44,200
Total number of equivalent unit for materials 208,800
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Complete question:
a company with a headquarters in one country and subsidiary companies, factories, or other facilities in other countries is known as a
A company with a headquarters in one country and subsidiary companies, factories, or other facilities in other countries is known as a multinational company.
How a Multinational Corporation Works?
An organization is considered a global corporation if its operations span at least two nations. Some individuals would classify any business having an overseas branch as a global firm. Some people could restrict the term to only include businesses with at least 25% of their income coming from sources outside of their own nation.
Direct investments may be made abroad by multinational corporations. Many are based in industrialised countries. Advocates claim that they produce technologically advanced items and high-paying employment in nations that wouldn't otherwise have access to them.
However, detractors of these businesses contend that multinational firms abuse their power to influence politics, take advantage of developing countries, and eliminate jobs in their own countries.
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*describe in words the ppf and its purpose include how it shows scarcity, choice, and opportunity cost.\
A Production Possibility Frontier (PPF) is a graph that shows the different combinations of two goods that can be produced with a fixed amount of resources. It illustrates the concept of scarcity by demonstrating that there is a trade-off between producing different goods and services.
As a society, we have to choose how to allocate our resources in order to produce the goods and services that we desire. The PPF also illustrates the concept of opportunity cost, which is the cost of one opportunity in terms of the benefits forgone of the best alternative opportunity. The slope of the PPF at any point represents the opportunity cost of producing one good in terms of the other good. In other words, as we move along the PPF, we are faced with the choice of producing more of one good, but at the cost of producing less of the other good.A graph known as a Product Possibility Frontier (PPF) illustrates the many pairings of two items that may be produced with a particular number of resources. By showing that there is trade-off between creating various products and services, it exemplifies the idea of scarcity.
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if you couldn't conduct a competitor analysis, which of the following options would you choose? *you will receive points regardless of the option you choose, however you may find that some answers are better than others\.\* choose from the following two options:
Long-term success depends on having a solid understanding of how to influence and persuade others while adhering to high moral standards. Which of the following choices is the best?
How can one be understanding?
Being empathetic to someone's plights is the same as having understanding. A concept must be grasped in order to be understood. If you don't catch the bus, you may believe that your mother will always pick you up and take you to school. Your understanding of a subject can be summed up as the sum of your knowledge about that subject. As you gain knowledge, this may develop or change.
a mental grasp a person's capacity for understanding. Most notably: the ability to comprehend the broad relationships between specifics; the capacity to make experience understandable by using concepts and categories
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To calculate the maximum monthly payment allowable for a FHA-insured loan using the payment-to-incom ratio, you would take the stable monthly income and multiply by
To calculate the maximum monthly payment allowable for a FHA-insured loan using the payment-to-income ratio, you would take the stable monthly income and multiply by 31%
Option B is correct.
What are FHA loans?The Federal Housing Administration, a department of the Department of Housing and Urban Development, guarantees FHA loans. The Federal Housing Administration (FHA) insures FHA loans, which means that the agency safeguards your lender in the event that you default on your payments. A mortgage insurance-backed mortgage loan from an FHA-approved lender is known as an FHA insured loan in the United States. Lenders are safeguarded from losses by FHA mortgage insurance.
How is PTI calculated?Ratio of payment to income (PTI): Because it is easier to calculate, your PTI ratio will be taken into consideration by some auto lenders. Divide your gross monthly income by your monthly car payment to get your PTI.
Question is incomplete:
To calculate the maximum monthly payment allowable for a FHA-insured loan using the payment-to-income ratio, you would take the stable monthly income and multiply by
A. 28%
B. 31%
C. 45%
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a coach is ordering boxes of baseball for the upcoming season. each box of baseballs cost $72. there is a one-time shipping fee of $50. the company from which the coach is ordering is offering one free box of baseballs with any order of 5 or more boxes of baseballs.
The function C(x) that represents the total cost of ordering x boxes of baseballs = C (x) = 50 + 72 x
C(x)=F+V(x)
C(x) = F + V(x), F = 50 (given )
C(x) = 50 + 72x V(x) = 72x (given)
where x is the number of units,
F is the total fixed costs,
V is the variable cost, and C(x) is the total production cost, is the most common form of the cost function formula.
B. The function M (x) that represents the number of boxes of baseballs the coach will receive
M(x) = 1 + 5x
How does a cost function work?
The functional relationship between cost and output is referred to as the cost function. It examines the cost behavior at various output levels when technology is assumed to remain constant. Finding out how much it costs to run a business, produce a product, or provide a service can be as easy as using a cost function. The minimum cost of producing a certain level of output at some fixed factor prices is measured by the cost function. The economic possibilities of a company are described by the cost function.
Why does it go by the name cost function?The difference or distance between the predicted value and the actual value is how wrong the model is at estimating the relationship between X and y, which is measured by a cost function.
Incomplete question ,:
BASEBALL A coach is ordering boxes of baseball for the upcoming season. Each box of baseballs cost $72. There is a one-time shipping fee of $ 50. prime company from which the coach is ordering is offering one free box of baseballs with any order of 5 or more boxes of baseballs.
a. Write a function C(x) that represents the total cost of ordering x boxes of baseballs.
C(x) = 50 + 72x
b. Write a function M (x) that represents the number of boxes of baseballs the coach will receive(Assume at least 5 boxes of baseballs are ordered.)
N(x) = 1 + 5x
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The following were taken from the unadjusted trial balance of Orion CO., a congressional lobbying firm. Indicate whether or not each account would normally require an adjusting entry. If the account normally requires an adjusting entry, use the following notation to indicate the type of adjustment:
AE - Accrued Expense
AR - Accrued Revenue
PE - Prepaid expense
UR - Unearned Revenue
To illustrate, the answer for the first account follows:
Account Answer
Accounts Receivable : Normally requires adjustment (AR)
Cash Interest Expense Interest Receivable Johann Atkins Capital Land Office Equipment Prepaid Rent Supplies Unearned Fees Wages Expense
Accounts Receivable, Interest Expense, Interest Receivable, Prepaid Rent, Supplies requires Normally requires adjustment (AR) and the remaining doesn't need Normally requires adjustment (AR).
The IRS receives a Mortgage Interest Statement, also known as Form 1098, which details the interest payments made on a mortgage and can be deducted from federal income taxes on the borrower's behalf. You pay interest as compensation for using borrowed funds. A portion of interest may be written off or credited. Review each interest expenditure to see whether it qualifies for a deduction and where to claim it in order to deduct the interest you paid on a debt. Interest Expense is the profit made through lending money to other organisations. The phrase is typically used to report the interest generated on cash kept in savings accounts, certificates of deposits, or other investments in a company's income statement.
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Unlike the bond equivalent yield, the effective annual return takes into account the effects of ______ interest during a less than one year investment horizon.
The impact of compound interest over a shorter time horizon on annual return is taken into account.
How do you calculate money market instrument?A 360-day bank year multiplied by the number of days to maturity, divided by holding period yield, is used to determine money market yield. A bank discount yield may also be used to calculate it. The money market yield and the yield on certificates of deposit and bonds are closely tied (BEY).Due to the fact that these markets are intended to offer secure investments with little to no risk of principal loss.Securities that only receive one payment of interest do so at maturity. On securities with a single payment, quoted nominal interest rates typically make use of a 365-day year. A bond equivalent yield must be created from the stated single-payment yield in order to compare single-payment yields with bond equivalent yields.To learn more about interest refer to:
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Which of the following might cause a red diagnostic to occur when entering education information on the Form 8863 input screen?
When the total of expenses for education expenses are different from the total of sources of education expense funding.
If the student is attending a postsecondary school in a state that is not their resident state.
Qualified book expenses are entered in the room and board field.
The student is the taxpayer or the spouse and not a dependent.
When the total of expenses for education expenses are different from the total of sources of education expense funding might cause a red diagnostic to occur when entering education information on the Form 8863 input screen.
What is Form 8863 ?
Your education credits, which are calculated and claimed using Form 8863, are based on adjusted qualified education expenses paid to an appropriate educational institution (postsecondary). There are two refundable education credits for 2022. the non-refundable lifetime learning credit.
Qualified education expenses include amounts spent on books, supplies, and equipment needed for a course of study, regardless of whether the materials are purchased from the educational institution. Your Modified Adjusted Gross Income (MAGI) for 2022 must be below $90,000 if filing separately or $180,000 if married filing jointly in order to qualify for the credit.
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Answer:
A. When the total of expenses for education expenses are different from the total of sources of education expense funding.
Explanation:
an essential assumption in accounting is that all economic events can be identified specifically with an individual economic ___.
An essential assumption in accounting is that all economic events can be identified specifically with an individual economic Entity.
An essential assumption in accounting is that all economic events can be identified specifically with an individual economic entity. An economic entity is an organization, business, or individual that engages in economic activities and is capable of owning assets, incurring liabilities, and engaging in transactions that result in measurable changes in its financial position. This assumption is essential to accounting because it enables accountants to identify and record specific financial transactions and events that are relevant to the economic entity. Without this assumption, it would be difficult or impossible to accurately measure the economic activity and financial performance of the entity.
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excluding postal workers and contractors, roughly how many civil servants does the federal bureaucracy currently employ? 850,000
200,000
85,000
8,500,000
2,000,000
excluding postal workers and contractors, roughly 850,000 civil servants does the federal bureaucracy currently employ.
What does being in the employ mean?
It means being paid a pay or salary by a person. The business has been quite kind to the folks who work there. At the time, the defendant worked for a transportation company. A person is paid to work when they are employed. Employers hire personnel. Employment is the condition of being employed. The noun employ, which denotes work or service, is a more precise usage of the word. Almost always, statements like "in their employ" use this definition of the word.
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