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For Gee-Whiz Devices calculate the following: working capital, current ratio, and acid-test ratio Gee-Whiz Devices Balance Sheet Data Cash Market securities Net accounts and notes receivable Retailers inventories Prepaid expenses Accounts and notes payable (short-term) Accrued expenses $100,000 45,000 150,000 200,000 8,000 315,000 90,000
Answer:
1. Working Capital
= Current Assets - Current Liabilities
= ( Cash + Marketable Securities + Net accounts and notes receivable + Retailers Inventories + Prepaid expenses) - ( Accounts and notes payable(Short term) + Accrued expenses)
= ( 100,000 + 45,000 + 150,000 + 200,000 + 8,000) - ( 315,000 + 90,000)
= $98,000
2. Current Ratio
= Current Assets/ Current Liabilities
= ( Cash + Marketable Securities + Net accounts and notes receivable + Retailers Inventories + Prepaid expenses) / ( Accounts and notes payable(Short term) + Accrued expenses)
= ( 100,000 + 45,000 + 150,000 + 200,000 + 8,000) / ( 315,000 + 90,000)
= 1.24
3. Quick Ratio
= (Current Assets - Inventory) / Current Liabilities
= ( 100,000 + 45,000 + 150,000 + 8,000) / ( 315,000 + 90,000)
= 0.75
During February 2020, its first month of operations, Schwenn Enterprises received a cash of $100,000 by its owner, Inga Schwenn. The company had cash sales of $20,000 and paid cash expenses of $35,000. Assuming no other transactions impacted the cash account, what is the balance in Cash at February 28
Alice deposits $2000 at time 0 under a nominal interest rate 6% compounded monthly for two years. And the end of the first year she deposit another $3000 under a nominal interest rate 7% compounded quarterly for one year. What is the equivalent annual effective interest rate for these two deposits over the first two years (i.e. the rate under which Alice would have the same total balance at time 2)
Answer:
effective rate of 6.59%
Explanation:
First, we solve for the amount after 2-years
[tex]2,000 \times (1 +\frac{0.06}{12}) ^{2 \times 12})+ 3,000 (1+\frac{0.07}{4})^4=[/tex]
[tex]Principal \: (1+ r)^{time} = Amount[/tex]
Principal 2,000.00
time 24.00
rate 0.00500
[tex]2000 \: (1+ 0.005)^{24} = Amount[/tex]
Amount 2,254.32
[tex]Principal \: (1+ r)^{time} = Amount[/tex]
Principal 3,000.00
time 4.00
rate 0.01750
[tex]3000 \: (1+ 0.0175)^{4} = Amount[/tex]
Amount 3,215.58
Total: 2,254.32 + 3,215.58 = 5,469.90
Now, we solve for the effective rate:
[tex]2,000(1+r_e)^2 + 3,000(1+r_e) - 5,469.90 = 0[/tex]
We use the quadratic formula and find the roots:
2.5658882124183746
1.0658882124183746
we use the positive one.
Getting an effective rae of 6.59%
How does Whole Foods help employees fulfill the needs in Maslow’s Hierarchy?
Answer: it would have cost, more money for the employees and about 70% buy at least on whole food per trip. ( so sorry if this does make sense)
Explanation:
g You are considering the purchase of an industrial printer for your business. The salesman states that you can purchase the printer today for $92,000 or pay nothing today and make monthly installment payments of $1,910 for 5 years. Your company's current financing rate is 7.00% annually. What is the present value of the monthly payment plan and which payment option should you choose
Answer and Explanation:
The computation is shown below:
First we have to find the present value based on monthly payment i.e. to be determined by using the present value formula and the same is to be shown in the attachment
Given that,
Future value = $0
Rate of interest = 7% ÷ 12 months = 0.58333%
NPER = 5 years × 12 months = 60 months
PMT = $1,910
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after applying the above formula, the present value is $96,458.90
As it can be seen than the lumpsum amount i.e. $92,000 is less than the monthly payment present value so here the lumpsum option should be chosen.
Limit pricing will effectively deter entry when:________.
A. the incumbent links the pre-entry price to post-entry profits.
B. the incumbent has incomplete information.
C. the entrant must commit to enter the market.
D. All of the statements associated with this question are correct.
Answer:
A. the incumbent links the pre-entry price to post-entry profits.
Explanation:
Only when the pre-entry price (which is a threat for the entrant) is low enough and at the same time can give post entry profits, will the incumbent’s plan be successful and would deter entry. However, A limit pricing is a technique used by some major producers, in which they sell their goods or services at such low prices that and makes it difficult for any other firm to enter his market as it makes their entry extremely unprofitable.
Kieso Company borrowed $680,000 for six months. The annual interest rate on the loan was 9%. Kieso's fiscal year ends on December 31. Kieso borrowed the $680,000 one month prior to the end of its last fiscal year and paid the $680,000 plus interest back five months into its current fiscal year. How much interest expense, if any, would Kieso report at the end of its last fiscal year and at the end of its current fiscal year?
Answer:
How much interest expense, if any, would Kieso report at the end of its last fiscal year and at the end of its current fiscal year?
at the end of the last fiscal year Kieso must report $5,100 in interest expenseat the end of the current fiscal year Kieso must report $25,500 in interest expenseExplanation:
Assuming that Kieso borrowed the money on November 30, the journal entry should be:
Dr Cash 680,000
Cr Notes payable 680,000
On December 31, an adjusting journal entry to record accrued interests must be made:
Dr Interest expense 5,100
Cr Interest payable 5,100
When Kieso paid back the debt on April 30, the journal entry should be:
Dr Notes payable 680,000
Dr Interest payable 5,100
Dr Interest expense 25,500
Cr Cash 710,600
what is
hotel management
Hotel management is a field of business and study, that tends itself to the operation aspects of a hotel as well as wide range of affiliated topics such as Accounting, administration, finance, information systems, human resources management, public relations and other more.
Following me and I hope you know this answer
Identify whether each the following transactions is a primary market or a secondary market transaction: Jim Henry bought 500 shares of I.B.M. through a broker. Peggy White bought 500 shares of Apple from another investor. New York Life Insurance Co. bought 500,000 shares of Tioga Corp when the company issued the stock.
Answer:
Jim Henry bought 500 shares of I.B.M. through a broker.
SECONDARY MARKET TRANSACTIONPeggy White bought 500 shares of Apple from another investor.
SECONDARY MARKET TRANSACTIONNew York Life Insurance Co. bought 500,000 shares of Tioga Corp when the company issued the stock.
PRIMARY MARKET TRANSACTIONPrimary market transactions that place when an investor purchases securities at the time the corporation or entity issued them, e.g. if you purchased Amazon's stocks at their IPO (or any other time new stocks were issued), it was a primary market transaction. But if you purchased Amazon's stocks at any other time, it is a secondary market transaction. Almost all the transactions carried out everyday are secondary market transactions.
Yasmin Co. can further process Product B to produce Product C. Product B is currently selling for $34 per pound and costs $26 per pound to produce. Product C would sell for $57 per pound and would require an additional cost of $22 per pound to produce. What is the differential cost of producing Product C
Answer:
Differential cost of producing product C is $22
Explanation:
Total cost of product C = Cost of product B + Additional cost to produce C
= $26 + $22
= $48
Differential Cost = Total cost to produce C - Cost of producing B
= $48 - $26
= $22
Thus, the differential cost of producing product C is $22
Suppose good X and good Y are perfect complements to each other. The kinks of indifference curves are along the y=2x straight line. The consumer has a wealth level of 12. The price of good X is $2 and the price of good Y is $1. What is the consumer's utility maximization market basket?
Answer:
D. 3 Unit of goods x and 6 unit of good y
Explanation:
Option include as attached.
We have y = 2x
And budget constraint equation
PxX + PyP = M
2X + 1Y = 12
Now put y = 2x
2X + 2X = 12
4X = 12
X = 3
Y = 2X
Y = 2(3)
Y = 6
Typically, low inflation is a sign of A. healthy economy because it results from a steady rise in demand. B. healthy economy because it results from a steady rise in supply. C. struggling economy because it results from a steady fall in demand. D. struggling economy because it results from a steady fall in supply.
A. a healthy economy because it results from a steady rise in demand.
Typically, low inflation is a sign of a healthy economy because it results from a steady rise in demand. Hence, option A is correct.
What is a healthy economy?The following three factors are present in a steady-state traditional economy: Systemic strength: Low wealth and commerce concentrations, Consistent consumer pricing and widespread and recursive market involvement are examples of stable microeconomic conditions.
There are numerous indicators of a thriving economy. Low unemployment, stable inflation, an increase in the building of new homes, optimism in the consumer confidence index, and rising gross domestic product (GDP) are a few of these.
Growth, high employment, and price stability are the three common objectives of all economies. Growth. An economy delivers goods and services to its population, and economists use the gross domestic product (GDP), which represents the market value of all the goods and services the economy produced during a given year, to assess how well it is performing.
Thus, option A is correct.
For more information about healthy economy, click here
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Consumers' differing tastes are one reason why monopolistic:____.
a) firms encounter large barriers to entry.
b) competitors earn a positive economic profit in the long run.
c) competitors set price at MC.
d) competitors are similar to monopolists.
Answer:
d) competitors are similar to monopolists.
Explanation:
Monopolistic competition refers to a condition of the market in which it connects with various irms that are closely linked to each other but sell distinct products.
Also, there is free entry and exit in this market
In case when consumer taste and preferences are different so the monopolistic competitors are the same as the monopolist
hence, the correct option is d.
Consider an investment opportunity set formed with two securities that are perfectly negatively correlated. The global minimum-variance portfolio has a standard deviation that is always _________.
A.) equal to -1
B.) greater than 0
C.) equal to the sum of the securities' standard deviations
D.) equal to 0
Answer:
D.) equal to 0
Explanation:
If a portfolio is made up of two securities that are perfectly negatively correlated, meaning that if one increases its value, the other one will decrease in the exact opposite way, the standard deviation of the portfolio will always be 0. You can determine the variance for each stock, but due to the perfectly negative correlation, they will cancel out.
Recent global changes in political and economic systems show that Multiple Choice East European communist ideology is now widespread. a lack of deregulation was the cause for the global financial crisis of 2008–2009. it is guaranteed that democracy will thrive in most of the world's newer democratic states. the multipolar world dominated by a number of civilizations of the Cold War era has vanished and is now being replaced by abipolar world. many undeveloped and impoverished national markets of eastern Europe, Latin America, Africa, and Asia are potentiallyenormous for international business.
Answer:
many undeveloped and impoverished national markets of eastern Europe, Latin America, Africa, and Asia are potentially enormous for international business.
e.g. Brazil, Mexico, Nigeria
Explanation:
all the other options are wrong because:
East European communist ideology is now widespread. a lack of deregulation was the cause for the global financial crisis of 2008–2009. ⇒ THIS IS FALSE BECAUSE COMMUNISM IS DEAD. BOTH RUSSIA (FORMER USSR LEADER) AND CHINA WHICH WERE THE LARGEST COMMUNIST COUNTRIES HAVE EMBRACED CAPITALISM.
it is guaranteed that democracy will thrive in most of the world's newer democratic states. ⇒ THIS IS FALSE, A LOT OF NEWLY CREATED DEMOCRATIC STATES FELL INTO CIVIL WAR. UKRAINE IS THE LATEST EXAMPLE
the multipolar world dominated by a number of civilizations of the Cold War era has vanished and is now being replaced by a bipolar world. ⇒ THE OPPOSITE IS TRUE. DURING THE COLD WAR THE WORLD WAS DOMINATED BY THE US AND THE USSR (BIPOLAR WORLD), NOW THE WORLD STAGE HAS MORE ACTORS WHICH MAKE SIT A MULTIPOLAR WORLD (E.G. CHINA, THE EU).
Hot Wok Cuisine is a premium Asian restaurant chain that differentiates itself from a large number of competitors by providing exclusively organic Chinese cuisine. It has some pricing power because it provides differentiated products and therefore, has some entry barriers in place. In this scenario, Hot Wok Cuisine is most likely operating in a(n) Multiple Choice oligopoly. monopoly. monopolistically competitive industry. perfectly competitive industry.
Answer:
monopolistically competitive industry.
Explanation:
this Asian restaurant is likely operating a monopolistically competitive industry. This kind of market structure is a combination of monopoly and competitive market. as it offers products and services which one similar. Also the question says that it has some barriers to entry, which is a characteristic of monopolistically competitive industry. Also goods are similar but not differentiated
Which of these is not a result of regular exercise?
a) Preventing weight gain
b) Causing your heart to wear out faster
c) Helping reduce your stress levels
d) Helping you to stay mentally alert
please help asap
SDJ, Inc., has net working capital of $2,060, current liabilities of $5,550, and inventory of $1,250. What is the current ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current ratio times What is the quick ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Quick ratio times
Answer: Current ratio = 1.37
Quick ratio = 1.15
Explanation:
The following can be deduced from the question:
Current assets is the addition of the net working capital and the current liabilities. This will be:
= $2060 + $5550
= $7610
The Current ratio will be the current assets divided by the current liabilities. This will be:
= $7610/$5550
Current ratio = 1.37
Quick ratio will be the subtraction of invention form the current asset and the result gotten is divided by the current liabilities. This will be:
= ($7610 - $1250)/$5550
= $6360/$5550
= 1.15
Gabi Gram started The Gram Co., a new business that began operations on May 1. The Gram Co. completed the following transactions during its first month of operations.
May 1 G. Gram invested $43,500 cash in the company in exchange for its common stock.
1 The company rented a furnished office and paid $2,400 cash for May’s rent.
3 The company purchased $1,940 of office equipment on credit.
5 The company paid $780 cash for this month’s cleaning services.
8 The company provided consulting services for a client and immediately collected $5,300 cash.
12 The company provided $2,400 of consulting services for a client on credit.
15 The company paid $790 cash for an assistant’s salary for the first half of this month.
20 The company received $2,400 cash payment for the services provided on May 12.
22 The company provided $3,200 of consulting services on credit.
25 The company received $3,200 cash payment for the services provided on May 22.
26 The company paid $1,940 cash for the office equipment purchased on May 3.
27 The company purchased $80 of office equipment on credit.
28 The company paid $790 cash for an assistant’s salary for the second half of this month.
30 The company paid $300 cash for this month’s telephone bill.
30 The company paid $250 cash for this month’s utilities.
31 The company paid $1,600 cash in dividends to the owner (sole shareholder).
Prepare the statement of cash flows for the month of May. Complete this question by entering your answers in the tabs below Income State Prepare the income statement for May Balance State Sheetof Cash GRAM Income Statement For Month Ended May 31 Total expenses Income Statement Statement of Retained Earnings>
Answer:
Gram Co.
Statement of cash flows
For the month ended May 31, 202x
Cash flows from operating activities:
Net income $5,590
Adjustments to net income:
Increase in accounts payable $80
Net cash flow from operating activities $5,670
Cash flows from investing activities:
Purchase of office equipment ($2,020)
net cash flow from investing activities ($2,020)
Cash flows from financing activities:
Issuance of common stock $43,500
Paid dividends ($1,600)
Net cash flow from financing activities $41,900
Net cash increase during May $45,550
Initial balance of cash account $0
Ending balance of cash account (5/31) $45,550
Explanation:
operating cash flows:
rent expense ($2,400)
cleaning services ($780)
service revenue $5,300 + $2,400 + $3,200
assistant's salary ($790)
accounts payable increased by $80
assistant's salary ($790)
utilities bill ($550)
total revenue = $10,900
total expenses = $5,310
net income = $5,590
investing cash flows:
purchased equipment for $1,940
purchased office equipment $80
financing cash flows:
Issuance of common stock $43,500
paid dividends ($1,600)
Some states have recently restructured (or are considering restructuring) their electricity industries to allow utilities to purchase wholesale electricity supplies from competitive electric generators in deregulated markets. What do you think has changed that allows state policy makers to consider deregulation?
Answer:
Innovative technologies brought about by competition in the industry that cannot be fostered by state owned electricity corporations or industry
Explanation:
power sector deregulation which allow for private owned power distribution companies are done for the purpose of encouraging competition in the power sector market by eliminating monopoly brought about by state owned power sectors. This consequently eliminates lethargy and inefficiency and non customer focused state owned sectors giving birth to competitive markets where private companies can compete on prices and deliver innovative technologies to solve power problems and satisfy consumers
Excerpt from Areojet Corporation records for month of February: Per Unit Per Month Selling price $ 200,000 Direct materials used in production 40,000 Direct labor 10,000 Variable manufacturing overhead 2,000 Fixed manufacturing overhead $ 140,000 Variable selling and administrative expenses 20,000 Fixed selling and administrative expenses 40,000 Assuming the absorption costing method is used, what is the total manufacturing costs added to work in process during the month of February
Answer:
Work in process= $192,000
Explanation:
Giving the following information:
Direct materials used in production 40,000
Direct labor 10,000
Variable manufacturing overhead 2,000
Fixed manufacturing overhead $ 140,000
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
Work in process= 40,000 + 10,000 + 2,000 + 140,000
Work in process= $192,000
For large interest rate increases, duration _____ the fall in security prices and for large interest rate decreases, duration _____ the rise in security prices. a. Overpredicts, underpredicts b. Underpredicts, underpredicts c. Overpredicts, overpredicts d. Underpredicts, overpredicts
Answer:
a. Overpredict, underpredict
Explanation:
Interest rate in domain of finance always bring a check to the economic growth, then the cost of borrowing will be forced to go up.
On the other hand when the interest rate decreases, the cost of borrowing is becomes low, and with this the interest that a consumer will pay will be low then they have much at hand.
It should be noted that For large interest rate increases, duration overpredict the fall in security prices and for large interest rate decreases, duration underpredict the rise in security prices
The General Fund levies property taxes in the amount of $1,000,000 for calendar year 2019. It expects to collect $950,000 during the year, $30,000 in the first 60 days of the next year, and $15,000 during the rest of the next year. It does not expect to collect the remaining $5,000. How much property tax revenue should it recognize for the year 2019?
Answer:
Under the accrual basis, it should recognize $1,000,000 as property tax revenue for the year 2019. The remaining $45,000 that it does not collect in year 2019 will be accounted for as Property Tax Receivable while the $5,000 will be recorded as Uncollectible Expense in 2019.
Explanation:
The accrual concept or basis of accounting requires that all revenues and expenses relating to a fiscal year be recognized in that accounting year. It is not only the actual cash receipts and payments that should be recognized. This means that any revenue that is due but not yet received will be accounted for in the year that the revenue arises. And all the related expenses for raising the revenue will also be accounted for in the same year.
Transactions for the Sheldon Cooper Company, which provides welding services, for the month of June are presented as follows. June 1 Sheldon Cooper invests $4,000 cash in exchange for shares of common stock in a small welding business. 2 Purchases equipment on account for $1,200. 3 $800 cash is paid to landlord for June rent. 12 Bills P. Leonard $300 after completing welding work done on account. Identify the accounts to be debited and credited for each transaction. Account Debited Account Credited June 1 select an account debited Cash select an account credited Common Stock 2 select an account debited Equipment select an account credited Accounts Payable 3 select an account debited Rent Expense select an account credited Cash 12 select an account debited select an account credited
Answer:
June 01 - Invest cash for stock
Account Debited: Cash
Account Credited: Common Stock capital
June 02 - Equipment purchased
Account Debited: Equipment
Account Credited: Accounts Payable on account
June 03 - paid rent
Account Debited: Rent expense
Account Credited: Cash account
June 13 - Work done on account
Account Debited: Accounts receivable
Account Credited: Service revenue
Sheldon Cooper Company
Journal entries
Date Accounts title Debit Credit
1-Jun Cash account $4,000
Common Stock capital $4,000
2-Jun Equipment $1,200
Accounts payable $1,200
3-Jun Rent expenses $800
Cash account $800
12-Jun Accounts receivable $300
Service revenue $300
Which of the following is not a characteristic of a good economic model?a. Captures the full complexity of a phenomenon b. Able to make powerful predictions c. Flexible in design d. Simple to understand
Answer:
c. Flexible in design
Explanation:
An economic model is a simplified version of reality that allows us to understand and predict economic phenomena.
If economic models were flexible in design it would not make accurate predictions
An issuer is required to make an 8K filing with the SEC for which of the following events?
I. Election of new members of the Board of Directors
II. Declaration of bankruptcy
III. Declaration of a cash dividend
IV. Proposal of a merger with another corporation
Answer:
I. Election of new members of the Board of Directors
II. Declaration of bankruptcy
IV. Proposal of a merger with another corporation
Explanation:
Form 8K is expected to be filed by an organization for unexpected events that would require the knowledge of the shareholders. The form is to be completed within four days after the occurrence of the event. Some of these events include a declaration of bankruptcy by the organization, the resignation or election of new board Directors, or the merging of the company with another.
In general, events not specified in the original agreements during the establishment of the organization, or key events that happen in the course of the business must be filed in the form 8K.
Does net periodidc pension cost show on the income statement?
Answer:
Yes, it is recorded in the income statement.
Explanation:
Periodic Pension Expense is mainly the cost which is related to the pension plans which are mentioned on the income statement of a company. As such these are basically employee benefits provided by the company to their employees in a periodic period and is a source of income for employees when they reach their retirement age.
The costs included in the pension expense are service cost, interest cost, return on the plan's asset, amortization of prior service cost and amortization of actuarial gains or losses incurred during the period.
Managers are constantly seeking out new tools to meet new challenges. Indicate which tool is more or less popular among today’s managers.a. Change management programs b. Outsourcing
Answer:
Outsourcing is more popular and management program is less popular.
Explanation:
Change in management program is less popular while the Outsourcing is more popular because the raking outsourcing is 5 and the ranking of change in management is 9 in the global ranking. Moreover, the manager always looks at two important factors, the needs of the customers and the demands of the environment. These two factors are always helpful for looking at new approaches and techniques.
1. Economics is a social science concerned with: A. The best use of scarce resources to achieve the maximum satisfaction of economic wants. B. Increasing the level of productive resources so there is a minimum level of income. C. Increasing the level of productive resources so there is maximum output in society. D. The best use of scarce resources paid for at the minimum level of cost to consumers and businesses
Answer:
A. The best use of scarce resources to achieve the maximum satisfaction of economic wants
Explanation:
Economics is a social science where by scarced resources is Been judiciously utilized in the production of goods and services for human satisfaction, because human wants are so numerous.
Among the different economic system that is used in the world today are capitalism ,socialism and communism,
Samuelson was regarded as the father of modern economics.
Which of the following statements about bribery is most accurate? Question 49 options: Bribes, kickbacks, and payoffs offered to entice someone to commit an illegal or improper act are deemed corrupt in some cultures but not in others. The world's major exporting nations have agreed to treat bribery of foreign government officials as a violation of trade agreements. Bribes paid to foreign companies are in some cases a tax-deductible expense in the United States. It is a crime for U.S. corporations to bribe an official of a foreign government or political party unless preapproved by the Federal Trade Commission. It is illegal for a U.S. corporation to bribe an official of a foreign government or political party to obtain or retain business in a foreign country.
Answer:
It is illegal for a U.S. corporation to bribe an official of a foreign government or political party to obtain or retain business in a foreign country.
Explanation:
