The economic crisis of 2008 would have had a significant impact on Eaton's customers' purchasing behavior, as it would have forced them to reassess their priorities and make more cautious decisions about how they allocate their resources.
The economic crisis in 2008 would be classified as an external influence on the buying organization and buying center for Eaton's customers. Specifically, it would be considered a macroeconomic influence, which is a factor that affects the overall economy and can have a ripple effect on businesses and consumers.
The economic crisis of 2008 had a profound impact on the global economy, including businesses of all sizes and industries. Many companies, including Eaton's customers, likely experienced a decrease in demand for their products or services, as well as a reduction in their own financial resources. These factors would have influenced the buying organization and buying center's decision-making process by making them more cost-conscious and focused on finding ways to reduce expenses.
Learn more about economic crisis here: brainly.com/question/29556449
#SPJ4
What information about estimates is not required to be disclosed?
A. That estimates involve assumptions about future events
B. Possible material financial statement effects of estimate changes
C. That estimates are required in preparing financial statements
D. The old and new estimate in quantitative terms
The information about estimates that are not required to be disclosed is D. The old and new estimates in quantitative terms.
Why Company Is Not Required to Disclose Estimates?It is not necessary for companies to disclose the specific numbers of their old and new estimates in financial statements.
However, they are required to disclose information about the assumptions they used to make the estimates (A), the potential effects of estimate changes on financial statements (B), and the fact that estimates are required in preparing financial statements (C).
Learn More about Estimates at https://brainly.com/question/14096126
#SPJ11
greg tobin wishes to invest a $5000 bonus check into a savings account that pays 6.3% interest. find how many years it will take for the $5000 to grow to at least $11,000 if interest is compounded (a) quarterly. (be careful; interest is added to the account only every quarter. see example 5.) (b) continuously.
A. It will take approximately 8.56 years for $5000 to grow to $11,000 if interest is compounded quarterly.
B. It will take approximately 11.03 years for $5000 to grow to $11,000 if interest is compounded continuously.
(a) To find the number of years it will take for $5000 to grow to $11,000 if interest is compounded quarterly, we can use the formula:
A = P(1 + r/n)^(nt)
where:
A = amount after time t
P = principal (initial amount)
r = annual interest rate (as a decimal)
n = number of times interest is compounded per year
t = time (in years)
Plugging in the given values, we get:
11000 = 5000(1 + 0.063/4)^(4t)
Simplifying, we get:
2.2 = (1.01575)^(4t)
Taking the natural logarithm of both sides, we get:
ln(2.2) = 4t ln(1.01575)
Solving for t, we get:
t = ln(2.2)/(4 ln(1.01575))
= 8.56 years
Therefore, it will take approximately 8.56 years for $5000 to grow to $11,000 if interest is compounded quarterly.
(b) To find the number of years it will take for $5000 to grow to $11,000 if interest is compounded continuously, we can use the formula:
A = P e^(rt)
where:
e = the mathematical constant e (approximately 2.71828)
A, P, r, and t have the same meanings as in the previous formula
Plugging in the given values, we get:
11000 = 5000 e^(0.063t)
Dividing both sides by 5000 and taking the natural logarithm of both sides, we get:
ln(2.2) = 0.063t
Solving for t, we get:
t = ln(2.2)/0.063
= 11.03 years
Therefore, it will take approximately 11.03 years for $5000 to grow to $11,000 if interest is compounded continuously.
For such more question on Quarterly:
https://brainly.com/question/28424369
#SPJ4
during its first month of business, dig the dogs, inc. purchased $900 of hotdogs of which it paid $500 and owes the rest. during the month, it sold two thirds of its inventory for $1,500 on account. what is the amount of cost of goods sold for the month ended?
Answer:
the COGS for the month is $1200
Explanation:
o calculate the cost of goods sold (COGS) for Dig the Dogs, Inc. during its first month of business, we first need to determine the cost of the hot dogs that were sold.
At the start of the month, Dig the Dogs had $900 worth of hot dogs of which it paid $500 and owes the rest, so the cost of the hot dogs still owed is $900 - $500 = $400.
During the month, the company sold two-thirds of its inventory for $1,500 on account, so we can calculate the cost of the hot dogs sold as follows:
$400 / (1 - 2/3) = $400 / 1/3 = $1200
So, the COGS for the month is $1200.
the consumption function shifts when: group of answer choices expected future disposable income changes. people receive a pay raise. disposable income changes. disposable income goes down.
When disposable income shifts, the consumption function changes. When disposable income increases, the consumption function shifts forward (or upward), and vice versa.
The phrase "consumption function" refers to a mathematical expression that depicts the functional connection between total consumption and gross domestic product (GNI). The consumption function was developed by British economist John Maynard Keynes, who claimed it could be used to monitor and foresee total aggregate consumption expenditures. It is a useful tool that economists and other decision-makers may use to comprehend the economic cycle and assist them in making crucial decisions about investments, monetary and fiscal policy, as well as other matters.
Visit here to learn more about consumption function: https://brainly.com/question/14975005
#SPJ4
The asset section of a balance sheet normally presents assets in: A) Alphabetical Order B) Order of Largest to smallest dollar amounts C) In the order what will be converted into cash D) No order
The asset section of a balance sheet normally presents assets in the order what will be converted into cash. Option C is correct.
The asset section of a balance sheet normally presents assets in the order of liquidity or the order what will be converted into cash first. This means that the assets that are most easily converted into cash are listed first, followed by assets that will take more time and effort to convert into cash.
The typical order of assets on a balance sheet is as follows: Cash and cash equivalents, such as checking accounts, savings accounts, and money market accounts.
Short-term investments, such as marketable securities.
Accounts receivable, or amounts due from customers.
Prepaid expenses, or expenses paid in advance that will be used up over time.
Long-term investments, such as stocks and bonds.
Intangible assets, such as patents, trademarks, and goodwill.
This order allows users of the balance sheet to quickly determine the liquidity and financial strength of the company.
To know more about balance sheet here
https://brainly.com/question/26323001
#SPJ4
ceteris paribus, if the price of a digital camera rises, then we can expect multiple choice a decrease in the demand for digital cameras. a decrease in the quantity demanded of digital cameras. an increase in the quantity demanded of digital cameras. an increase in the demand for digital cameras.
Growth if its price decreases, otherwise. Generally speaking, we can anticipate the following if the cost of a digital camera increases: the quantity of digital cameras being purchased has declined (movement along the same curve).
What are a few examples of growth?
The cost of the company's automobiles has gone up. The economy will be stabilised by the increased investment. There are more issues that we are dealing with now. He demanded an increase in income tax of 1 pence.
The price of oil has substantially increased. Rents have dramatically increased as a result of the tax. enhance something The amount has increased ten-fold since the previous figure. an improvement over something This is a 12% rise from the prior year.
Know more about purchased Visit:
https://brainly.com/question/24112214
#SPJ1
your aunt offers you a choice of $22,100 in 30 years or $450 today. a-1. if money is discounted at 14 percent, what is the present value of the $22,100? (do not round intermediate calculations. round your final answer to 2 decimal places.)
Present value is defined as Amount/(1+r)n, which equals 22100 / (1.14), or 22100 * 0.01962702428, or 433.752. Answer So, today, we ought to go with the 450 dollar choice.
What does present value mean?Money's current value is what it is worth today. Due to inflation, money loses value with time and is currently worth $100, but will be worth somewhat less in one year. Whatever sum is exactly identical in value right today, today, is the current value of $100 1 year down the road. It is the estimated value of a future revenue stream in terms of today's money.
How is present value determined?Using this formula, you may determine present value. Divide each amount of cash Y by (1+r)n, in which r is the financial ratio per period (often the interest rate or the assured risk-free rate). Y is the amount of money that will be received over the course of n periods.
To know more about present value visit:
https://brainly.com/question/29669538
#SPJ4
if direct materials are added at the beginning of a process, the equivalent units completed of direct materials will be:
It will be equivalent units completed as to conversion costs if direct materials are added.
Direct material is what?Direct material refers to the tangible components that make up a product. For instance, flour, eggs, yeast, sugars, oil, and water are material objects for a baker. Cost accounting uses the direct material concept to categorize this cost independently for various forms of financial analysis.
How is the variance in the pricing of direct materials calculated?The differential between both the standard price (SP) and the actual price (AP), multiplied by the actual quantity (AQ), is used to calculate the direct materials price variance: Variance in the direct materials price equals (SP - AP) x AQ.
To know more about variance visit:
https://brainly.com/question/29505178
#SPJ4
QuestionWhich of the following gives a vertical demand curve?APerfectly elastic demandBPerfectly inelastic demandCImperfect elastic demandDImperfect inelastic demand
The correct option is B. Perfectly inelastic demand gives a vertical demand curve.
When a price adjustment has no impact on the quantity required, the demand is said to be perfectly inelastic. The demand curve is vertical in this instance, and there is no demand elasticity. Products that are regarded as essential typically have very low elasticities. That is, we will continue to purchase them regardless of their increasing cost. Gasoline, basic foods, and healthcare are examples of items having low elasticities. A demand curve is said to be totally inelastic if it is perfectly vertical (up and down). The excellent is referred to as "elastic" or "very elastic" if the curve is shallow rather than steep. This implies that a little change in the good's price will result in a significant change in the amount required. We refer to a curve as being perfectly elastic if it is perfectly flat (horizontal). Luxury goods are frequently quite elastic; if the price goes up slightly, customers will switch to something else.
Learn more about Vertical Demand Curve here: brainly.com/question/30108373
#SPJ4
assets are recorded in the balance sheet in order of: question 18 options: a) historic value b) maturity c) liquidity d) market value
Assets are recorded in the balance sheet in order of liquidity.
A balance sheet, a kind of financial statement, contains a list of a company's equity, liabilities, and assets as of a certain date. Starting with the most liquid assets and concluding with the least liquid, the assets are listed in order of increasing liquidity. Since they may be swiftly converted into cash without suffering a significant loss in value, cash and its equivalents are frequently the most liquid assets.
Property, plant, and equipment are often the least liquid assets because they can take a while to sell and may not fetch the full market price. The balance sheet gives a picture of a company's capacity to fulfil its immediate obligations by listing assets in order of liquidity.
Read more about Balance sheet:
https://brainly.com/question/25225110
#SPJ4
What is the opportunity cost of samsung repairs production (in terms of iphone repairs/samsung repairs)?
The opportunity cost of Samsung repairs production in terms of iPhone repairs/Samsung repairs is the ratio of the number of iPhone repairs that could have been performed instead of producing one more unit of Samsung repairs.
Opportunity cost is the expense of giving up the next best option while making a decision. The finest option in this situation is Samsung repair production, with iPhone repair coming in second.
The opportunity cost of creating Samsung repairs, for instance, would be 2 iPhone repairs for every Samsung repair if generating one extra unit of Samsung repairs meant forgoing two units of iPhone repairs. This indicates that the potential cost of the manufacture of Samsung repairs was two units of iPhone fixes for every unit of Samsung repairs produced.
The worth or benefit lost by engaging in a specific activity in comparison to engaging in a different task is defined as the opportunity cost in microeconomic theory.
For such more questions on Opportunity cost :
brainly.com/question/24319061
#SPJ4
Kaizen meansA.bringing the entire person to work.B.empowered employees.C.mistake-proofing of processes.D.a focus on continuous improvement.E.standard practice.Q2:The 5s technique is used on the tarmac at Alaska Airlines toA.position ground staff.B.arrange baggage as it is moved to the plane.C.organize the galley.D.mark location of ground equipment.
Kaizen is a Japanese term that means "continuous improvement". It is a philosophy that focuses on making small, incremental improvements to processes and products over time, with the goal of improving quality, efficiency, and productivity.
This involves a culture of teamwork, constant learning, and problem-solving, where all employees are empowered to identify and make suggestions for improvement. The 5S technique is a system used to organize workspaces for maximum efficiency and productivity. The five S's stand for Sort, Set in order, Shine, Standardize, and Sustain. At Alaska Airlines, the 5S technique is used on the tarmac to organize the movement of baggage to and from the plane. This involves sorting out items that are not needed, setting everything in order to create a more streamlined process, and ensuring that everything is clean and in good condition. This technique also helps to standardize the process so that all ground staff work in the same way, and to sustain the improvements over time. By implementing the 5S technique, Alaska Airlines can improve efficiency and reduce errors, resulting in a better experience for passengers.
For more information on technique see:
https://brainly.com/question/30078437
#SPJ4
the file nbacost contains the total cost ($) for four tickets purchased on the secondary market, two beers, two soft drinks, two hot dogs, and one parking space at each of the 30 national basketball association arenas during a recent season. these costs were: 222.67 262.50 262.67 276.40 278.00 290.83 292.87 298.00 318.67 324.33 332.93 345.09 346.70 380.67 398.55 418.14 422.45 423.50 429.00 441.00 492.71 505.77 539.68 571.50 585.20 696.33 718.50 726.40 789.20 878.20 source: data extracted from www.nerdwallet/blog/which-nba-teams-most- affordable. a. organize these costs as an ordered array. b. construct a frequency distribution and a percentage distribution for these costs. c. around which class grouping, if any, are the costs of attending a basketball game concentrated? explain.
NBA Teams Are Cheapest." a. group these costs into an array and sort them.75% of observation will lie below $600. If there is one, what class has the most expensive basketball ticket.Required value: 600.
The file nbacost contains the price ($) for four secondary market tickets, two beers, two soft drinks, two hot dogs, and one parking space at each of the 30 NBA arenas during a recent season. the costs incurred were as follows: 222.67 262.50 262.67 276.40 278.00 290.83 292.87 298.00 318.67 324.33 332.93 345.09 346.70 380.67 398.55 418.14 422.45 423.50 429.00 441.00 492.71 505.77 539.68 571.50 585.20 696.33 718.50 726.40 789.20 878.20 Information derived from the NerdWallet.com blog post " NBA Teams Are Cheapest." a. group these costs into an array and sort them. b. Make a frequency distribution for these expenditures as well as a percentage distribution. c. If there is one, what class has the most expensive basketball ticket. Basketball is a team sport in which two teams, typically consisting of five players each, compete against one another on a rectangular court with the main objective of preventing the opposing team from shooting through their own hoop while putting the ball through the defender's hoop, which is an 18-inch (46-cm)-diameter basket mounted 10 feet (3.048 m) high to a backboard at each end of the court. A field goal is worth three points, with the exception of when it is made from beyond the three-point line
Learn more about basketball:
https://brainly.com/question/11790587
#SPJ4
why do labor organizations downsize their labor force and what are some of the nrgative effects of this practice\
Changes to the workplace have long-term effects, such as rising voluntary turnover and declining innovation.
What is voluntary turnover?When an employee quits their position voluntarily, whether it's due to retirement, internal transfer, or finding a new employment, it's referred to as voluntary turnover. Because they frequently result in the loss of a tall employee, these kinds of turnover are usually more expensive to firms.
Is voluntary turnover beneficial?The opportunity it provides for new talent and innovative ideas makes voluntary turnover not necessarily a bad thing. However, it is typically an expensive activity because it is frequently unanticipated and can impede workflow.
To know more about voluntary turnover visit:
https://brainly.com/question/29214829
#SPJ4
robert, who's 17 years old, signed a contract to purchase stan's house. stan didn't realize robert was underage until robert's mother figured out what was happening and called robert's agent. because robert is a minor, the contract is voidable by whom?
Since Robert is a minor (under the age of 18), he is considered to lack legal capacity to enter into a contract.
What is a Contract law?Under contract law, a minor is generally considered to lack the legal capacity to enter into a contract. This means that a contract entered into by a minor is voidable, which means it can be either affirmed or disaffirmed by the minor.
In the case presented, since Robert is only 17 years old and therefore a minor, he has the right to void the contract he signed with Stan, and this would release him from any obligations under the agreement. If Robert chooses to disaffirm the contract, he must return any consideration received from Stan, such as a down payment or any other form of payment. Stan would then be obligated to return any property that Robert had transferred to him, such as the title to the house.
It's important to note that while minors have the right to void a contract, the law generally seeks to protect the interests of the other party to the contract. Therefore, if a minor receives benefits under the contract, the law may require them to compensate the other party to the extent of the benefits received.
To know more about Contract law, check out:
https://brainly.com/question/30626918
#SPJ4
which of the following statements is incorrect? multiple choice preferred stock prices fluctuate with market interest rates and behave like corporate bond prices. common stock prices changes with the value of the company's underlying business. preferred stockholders have higher precedence for repayment than common stock in the event of firm liquidation from bankruptcy. all of these choices are correct.
All of the given choices are correct. It is correct that the preferred stock prices fluctuate with market interest rates and behave like corporate bond prices. Also, Common stock prices change with the value of the company's underlying business and preferred stockholders have higher precedence for repayment than common stock in the event of firm liquidation from bankruptcy.
Preferred stock prices pay fixed payments like bonds and thus their prices fluctuate with fluctuation in the payment rates. Common stock price changes with the value of the underlying business as the business grows/declines, and so does the share value. Preferred stockholders do have precedence of payment in the event of liquidation as they get paid first and the balance left is then distributed among common stockholders.
Learn more about Stocks here: brainly.com/question/29992015
#SPJ4
Answer:
The statement that is incorrect is that preferred stock prices fluctuate with market interest rates and behave like corporate bond prices. Preferred stock prices are generally less affected by market interest rates than bond prices, so they tend to move in the opposite direction of bond prices.
case: tesco plc leveraging global knowledge - what are some things mne can do to facilitate knowledge sharing and global integration across its global business? list 5 and fully explain each. (5 points)
MNEs may enhance knowledge sharing and global integration throughout their global business by creating a common language, supporting a culture of knowledge sharing, investing in technology and tools, creating cross-functional teams, and encouraging mobility and overseas assignments.
Multinational enterprises (MNEs) operate in diverse and complex environments. Here are 5 things that MNEs can do to facilitate knowledge sharing and global integration across their global businesses:
Develop a common language: MNEs can promote integration and information exchange by establishing a single language across the company. Employees from various ethnic backgrounds can collaborate better and avoid misunderstandings by using a common language.Promote a culture of knowledge sharing: MNEs may promote a culture that encourages and rewards information sharing by fostering it. They may also provide rewards for working in teams and cooperating with others.Invest in technology and tools: Technology may be used by MNEs to promote knowledge exchange and international integration. Also, they may spend money on knowledge management programs, which would make it possible for staff members to exchange and access information freely inside the company.Build cross-functional teams: By forming cross-functional teams with people from many departments and areas, MNEs may promote global integration. Cross-functional teams can foster cooperation and information exchange throughout the business by assisting in the dismantling of silos.Encourage mobility and international assignments: By supporting staff mobility and overseas assignments, MNEs may advance global integration. Employees may benefit from this by acquiring a more global mentality and a deeper knowledge of other cultures and business methods.Learn more about knowledge sharing among MNEs here:
brainly.com/question/30457568
#SPJ4
the goal and plan selection step of the formal planning process comes after which action?
Answer:
goal and plan evaluation
Explanation:
Beginning Balance $1000
19-Jul ACH Outgoing Transfer $(730)
20-Jul Incoming App Transfer $1800
23-Jul ACH Incoming Transfer
$20
24-Jul E-bill Pay Utilities
$(100)
What is the ending
balance on this
account after
these transfers
are completed?
Answer:
the ending balance after these transfers are completed is $1990.
Explanation:
Beginning Balance: $1000
19-Jul ACH Outgoing Transfer: -$730
Balance after transaction: $1000 - $730 = $270
20-Jul Incoming App Transfer: +$1800
Balance after transaction: $270 + $1800 = $2070
23-Jul ACH Incoming Transfer: +$20
Balance after transaction: $2070 + $20 = $2090
24-Jul E-bill Pay Utilities: -$100
Balance after transaction: $2090 - $100 = $1990
adjustments ensure that ______ balances are reported at amounts representing the economic benefits that remain at the end of the current period.
a. account
b. liability
c. asset
d. revenue
e. expense
Adjustments ensure that asset balances are reported at amounts representing the economic benefits that remain at the end of the current period.
What are adjusting entries?Adjusting entries are a set of journal entries made at the end of an accounting period to ensure that the financial statements accurately reflect the economic activity of the business. One of the primary objectives of adjusting entries is to ensure that the balances of the accounts in the financial statements are reported at amounts that represent the economic benefits that remain at the end of the period.
One of the main types of accounts that require adjustment at the end of the period are asset accounts. Asset accounts represent economic resources owned or controlled by a business that have the potential to provide future benefits. Examples of asset accounts include cash, accounts receivable, inventory, and property, plant and equipment.
To know more about Adjusting entries, check out:
https://brainly.com/question/14298458
#SPJ1
during what decade of the twentieth century did australia and new zealand decide to dramatically reduce government intervention and regulation of the economy? group of answer choices
Only groups historically regarded as "white" were allowed to immigrate to Australia and New Zealand.
Bauxite, diamonds, opals, lead, and coal are among Australia's top exports to the rest of the world. Timber and rich soil may be found in New Zealand. the preservation of public health and safety, the dissemination of accurate information about food to enable customers to make knowledgeable decisions, and the suppression of deceptive behaviour. Each nations are constitutional monarchy and Commonwealth realms with Westminster-based parliamentary democracies, with the same person serving as the sovereign and autonomous head of state in both.
To learn more about immigrate click on the link below:
brainly.com/question/27770592
#SPJ4
Developing a strategic vision for a company entails:
a) prescribing a future strategic direction for the company to pursue and a rationale for why this strategic path makes good business sense.
b) describing its business model and the kind of value that it is trying to deliver to customers.
c) putting together a story line of why the business will be a moneymaker.
d) describing "who we are and what we do"
e) coming up with a 5-year term plan for outcompeting rivals
Developing a strategic vision for a company entails: "a) prescribing a future strategic direction for the company to pursue and a rationale for why this strategic path makes good business sense."
Why it is ?
Developing a strategic vision involves setting a long-term direction for the company and creating a clear rationale for why this direction makes sense for the business. This involves identifying the company's goals, mission, and values, as well as understanding its competitive environment and market trends.
The strategic vision should provide a clear roadmap for where the company is headed and what it hopes to achieve, and it should be aligned with the company's overall strategy and goals. It should also be communicated clearly to all stakeholders, including employees, customers, investors, and partners.
While describing the business model, identifying value proposition, and coming up with a 5-year term plan are important components of developing a strategic vision, they are not sufficient on their own. A strategic vision needs to be comprehensive, forward-looking, and grounded in a clear understanding of the company's market and competitive environment.
To know more about company strategy visit:
https://brainly.com/question/20630010
#SPJ4
5. which of the following is the best mov statement? a. our project should make dayton customers flock to the stores in droves to buy our products. b. our project should be completed in no more than 180 days and should cost no more than $150,000 and be completed 100% in-house. c. our project should increase sales in the dayton market by 15% next year to complete our company's ohio expansion strategy. d. d) our project should utilize the spiral development approach to eliminate 95% of the major risks to our dayton sales program. e. e) our project should produce an advertising campaign in dayton that wins the ohio advertising guild's award for most creative campaign.
The best MOV (Measurable Organizational Value) statement is: Our project should increase sales in the Dayton market by 15% next year to complete our company's Ohio expansion strategy i.e. Option C
Measurable Organizational Value (MOV) is a concept used in project management to define and measure the expected benefits or value that a project will deliver to an organization. It is a quantitative and qualitative statement that describes the specific goals, outcomes, or benefits that an organization seeks to achieve by implementing a project.
A MOV statement typically outlines the expected financial and non-financial benefits that a project will provide, such as increased revenue, cost savings, improved customer satisfaction, or enhanced brand recognition. It should be specific, measurable, achievable, relevant, and time-bound (SMART) to ensure that it can be accurately measured and achieved within the specified timeline.
The MOV statement serves as a guidepost for the project team, providing a clear understanding of what success looks like and what benefits the project should deliver. It also helps project sponsors and stakeholders to evaluate the performance of the project and determine whether it has achieved its objectives. By defining and measuring the MOV, project managers can demonstrate the value that the project adds to the organization and justify the resources and investment required to complete it.
Know more about Measurable Organizational Value - https://brainly.com/question/29999898
#SPJ4
Complete Question -
Which of the following is the best MOV statement?
A. Our project should make Dayton customers flock to the stores in droves to buy our products.
B. Our project should be completed in no more than 180 days and should cost no more than $150,000 and be completed 100% in-house.
C. Our project should increase sales in the Dayton market by 15% next year to complete our company's Ohio expansion strategy.
D. Our project should utilize the Spiral Development approach to eliminate 95% of the major risks to our Dayton sales program.
E. Our project should produce an advertising campaign in Dayton that wins the Ohio Advertising Guild's Award for most creative campaign
let's see what we all remember from accounting 1. what would the net income/loss be for the year using the following information? please explain your calculations used to get your numbers. jan. 1, 2017 total assets $150,000 dec.31, 2017 total assets $175,000 jan. 1, 2017 total liabilities $35,000 dec. 31, 2017 total liabilities $145,000 dividends declared for year $25,000 dividends paid out for the year $37,500 no par common stock sold during year $10,000 hint: use some of the tools you learned in accounting 1 to solve this (t-account and accounting equation).
For the fiscal year, the company suffered a net loss of $60,000.
To calculate the net income/loss for the year, we need to use the accounting equation, which is:
Assets = Liabilities + Equity
Equity represents the owner's interest in the company, and it can be further broken down into two parts: contributed capital (the amount of capital invested by the owners) and retained earnings (the cumulative profits or losses of the company that have not been distributed as dividends).
Start by calculating the equity at the beginning of the year (Jan. 1, 2017) using the accounting equation:
$150,000 (Assets) = $35,000 (Liabilities) + Equity
Equity = $115,000
There was no par common stock sold during the year, so the contributed capital remains the same at $0. Therefore, the retained earnings at the beginning of the year is $115,000.
Next, we can calculate the equity at the end of the year (Dec. 31, 2017) using the same equation:
$175,000 (Assets) = $145,000 (Liabilities) + Equity
Equity = $30,000
To calculate the change in retained earnings for the year, we can use the following formula:
Retained earnings (end of year) = Retained earnings (beginning of year) + Net income - Dividends
We don't have the net income figure, but we can calculate it by rearranging the formula:
Net income = Retained earnings (end of year) - Retained earnings (beginning of year) + Dividend
Plugging in the numbers we have, we get:
Net income = $30,000 - $115,000 + $25,000 = -$60,000
Net Loss- $60,000
We also know that dividends declared for the year was $25,000, but dividends paid out was $37,500, which means the company paid out more dividends than it declared. This would result in a decrease in retained earnings.
For more such questions on net income
https://brainly.com/question/15530787
#SPJ4
which of the following is least likely to promote economic growth? a investment in tools and machines. b investment in training of labor. c increase in consumption of nondurable goods. d tax credit for technology improvement. e none of the above - all of these would promote economic growth.
c. Increase in consumption of nondurable goods is least likely to promote economic growth
Nondurable goods are any consumer items that must be replaced in subsequent purchases because they are either used up quickly or consumed in one use, depending on the type of economy. The least likely way to encourage economic growth is to boost nondurable goods consumption.
Little increases or declines in the purchasing of nondurable products are not regarded as economic indicators because they are a stable component of an economy. Whereas, investments can help create the aggregate demand that is necessary for economic growth, whereas durable products, such as automotive fuel, are often a larger part of short-run economic growth than nondurable items.
Read more about nondurable goods on:
https://brainly.com/question/30699020
#SPJ4
the balance sheet for jim's hardware has the following items listed. current liabilities, $25,345; long-term debt, $100,000; total liabilities, $125,345; total assets, $325,490. what is the owner's equity for this company?
200145 is the owner's equity for this company .
What does owner's equity mean?
Equity, also known as shareholders' equity or owners' equity for privately held businesses, is the sum of money that would remain with a company's shareholders after all of its assets have been sold and all of its debt has been settled in the event of a liquidation.
The amount of a company's value that can be claimed by its shareholders is shown on the balance sheet.
Owner's Equity= $200145
Workings
Owner's Equity= Total Asset - Total Liabilities
= 325490 - 125345
= 200145
Learn more about the owner's equity
brainly.com/question/28246336
#SPJ1
if you deposit $11,000 in a bank account that pays 3% interest annually, how much will be in your account after 5 years? do not round intermediate calculations. round your answer to the nearest cent.
Using the interest of 3% we know that after 5 years we will get back the amount of $12,650.
What is interest?In the fields of finance and economics, interest is the payment of a sum over and above the principal amount to a lender or depositor by a borrower or deposit-taking financial institution at a set rate.
It is not the same as a fee that the borrower might pay to the lender or another entity.
Consider borrowing $1,000 at a 10% interest rate for seven years.
Your interest for the first year would be $100.
Your interest payment for the following year would be made up of the principal amount plus interest, or $1,100.
As a result, your interest for the following year would be $110 ($1,100 multiplied by 0.10).
So, the amount we will get after 5 years:
11000/100 * 3
= $330
5 years: 330 * 5
= $1,650
Then, the amount after 5 years: 1650 + 11000 = $12,650
Therefore, using the interest of 3% we know that after 5 years we will get back the amount of $12,650.
Know more about interest here:
https://brainly.com/question/2294792
#SPJ1
which of the following options increases the strength of the market entrant force? (1 point) an increase in the cost of necessary equipment high customer loyalty toward existing businesses the availability of a younger workforce with the necessary knowledge and skills at an advantageous cost an increase in the government or local regulations that govern an industry an industry with highly competitive rivals with very low profit margins
A reduction in government or local regulations that govern an industry increases the strength of the market entrant force.
Although this question is incomplete this is what I have figured out-
When the government reduces its regulation that governs the organization or establishment of business, then it becomes very easier for new players to enter the market and open their businesses.
When new people open their businesses it ultimately increases the competition and provides strength to the market. By reducing the regulations new businesses can compete with an established businesses in a more effective way as these regulations increase the cost of doing business.
Please see the complete question-
Which of the following options increases the strength of the market entrant force? A. A reduction in government or local regulations that govern an industry B. An increase in the government or local regulations that govern an industry C. High customer loyalty toward existing businesses D. An industry with highly competitive rivals with very low-profit margins E. An increase in the cost of necessary equipment
To know more about government regulations -
brainly.com/question/29382040
#SPJ4
he fomc has instructed the frbny trading desk to purchase $500 million in u.s. treasury securities. the federal reserve has currently set the reserve requirement at 5 percent of transaction deposits. assume u.s. banks withdraw all excess reserves and give out loans. a. assume also that borrowers eventually return all of these funds to their banks in the form of transaction deposits. what is the full effect of this purchase on bank deposits and the money supply? b. what is the full effect of this purchase on bank deposits and the money supply if borrowers return only 95 percent of these funds to their banks in the form of transaction deposits
As per the requirements in the question -
a. Increase in bank deposit and money supply by (1/.05)*$500m= 10 billion
b. increase in bank deposits and money supply by (1/(.05+(1-.95)))*$500m= 5 billion
The money supply is the whole of the entirety of the money and other fluid resources in a country's economy on the date estimated. The cash supply remembers all money for the course and all bank stores that the record holder can without much of a stretch believer to cash.
Governments issue paper currency and coins through their national banks or depositories, or a blend of both. To keep the economy stable, banking controllers increment or decrease the accessible cash supply through approach changes and administrative choices. The Fed likewise impacts the cash supply, through activities that increment or abate how much money is in the framework.
Monetarists, who view the cash supply as the primary driver of interest in an economy, accept that rising the cash supply prompts expansion.
Know more about Money Supply - https://brainly.com/question/24249291
#SPJ4
for a given set of foreign interest rates, the quantity of u.s. loanable funds demanded by foreign governments or firms will be u.s. interest rates. a. unrelated to b. inversely related to c. positively related to d. none of these choices are correct.
a hypothetical curve that depicts the willingness to borrow money to finance investment projects as the interest rate falls.
How does foreign investment impact loanable funds?2. Foreign investment - When foreign investors transfer their financial resources into a nation, the amount of loanable cash is increased. Real interest rates are a major factor in influencing economic growth.
How does interest rate impact loanable funds?From the perspective of a borrower (the source of demand in the loanable funds framework), as interest rates rise, the cost of borrowing rises and the individual (or firm) is less likely to borrow. As a result, the amount of funds requested lowers as interest rates rise.
To know more about hypothetical visit;
https://brainly.com/question/15708938
#SPJ1
