Answer:
$900
Explanation:
With regards to the above, the ending retained earnings balance is calculated as
= Beginning retained earnings - Net loss - Cash dividends declared - Stock dividends declared
= $1,600 - $300 - $200 - $200
= $900.
Therefore, the ending retained earnings balance is $900
what is vegetable farming?
Bonita Corporation purchased a truck at the beginning of 2020 for $54,500. The truck is estimated to have a salvage value of $2,180 and a useful life of 174,400 miles. It was driven 25,070 miles in 2020 and 33,790 miles in 2021. Compute depreciation expense using the units-of-production method for 2020 and 2021.
Answer: depreciation expense for 2020 and 2021= $7, 521 and$10,137 respectively.
Explanation:
Depreciation cost = Purchase cost - Salvage value
= $54,500 - $2, 180
= $52,320
Given that useful life = 174,400 miles, we have that the
Depreciation per mile = Depreciation cost / useful life in miles
=$52,320/174,400 = $0.30 per mile
2020 Depreciation expense = 25, 070 X $0.30 = $7, 521
2021 Depreciation expense = 33,790 X $0.30 = $10,137
BJ Corporation is a cash-basis business. BJ signed a six-month, 12% note payable of $5,000 on October 1st, 2022. By recording the interest expense related to the note only when it is paid on April 1st, 2023, BJ will understate expenses by ________ on its year-end financial statements on December 31st, 2022. A : $5,600 B : $300 C : $0 D : $150
Answer:
D : $150
Explanation:
The computation of the interest expense understated is given below:
= Note payable amount × rate of months × given months ÷ number of months
= $5,000 × 0.12 × 3 months ÷ 12 month
= $150
Hence, the interest expense that would be understate by $150
Therefore the correct option is d.
Derek has the opportunity to buy a money machine today. The money machine will pay Derek $17,852.00 exactly 3.00 years from today. Assuming that Derek believes the appropriate discount rate is 9.00%, how much is he willing to pay for this money machine?
Answer:
$13,785
Explanation:
The computation of the amount to be paid for the money machine is shown below:
As we know that
Present value = Future value ÷ (1 + rate of interest)^number of years
= $17,852 ÷ (1 + 0.09)^3
= $17,852 ÷ 1.09^3
= $13,785
On January 1, 1980, Jack deposited 1,000 into Bank X to earn interest at the rate of j per annum compounded semi-annually. On January 1, 1985, he transferred his account to Bank Y to earn interest at the rate of k per annum compounded quarterly. On January 1, 1988, the balance at Bank Y is 1,990.76. If Jack could have earned interest at the rate of k per annum compounded quarterly from January 1, 1980 through January 1, 1988, his balance would have been 2,203.76. Calculate the ratio kjkj.
Answer:
Ratio k/j is 1.25.
Explanation:
Note: There is a slight typographical error in the requirement. The requirement is therefore correctly stated as follows:
Calculate the ratio k/j.
The explanation of the answer is given as follows:
This can be calculated using the following formula:
A = P (1 + (r / m))^(tm) ……………………….. (1)
Where;
A = Balance
P = Amount invested
r = annual interest rate
t = number of years
m = number of compounding
From the question, there are 2 alternatives as follows:
Alternative A
For Bank X
P1 = $1,000
r1 = j
t1 = number of years from 1980 to 1985 = 5
m1 = semiannual = 2
A1 = Amount transferred to Bank Y = P2 = ?
For Bank Y
P2 = ?
r2 = k
t2 = number of years from 1985 to 1988 = 3
m2 = quarterly = 4
A2 = $1,990.76
Alternative B
For Bank Y only
P3 = $1,000
r3 = k
t3 = number of years from 1980 to 1988 = 8
m3 = quarterly = 4
A3 = $2,203.76
For Bank Y in alternative B, we can use equation (1) and solve for k as follows:
2,203.76 = 1000 * (1 + (k / 4))^(8 * 4)
2,203.76 / 1000 = (1 + (k / 4))^32
2.20376 = (1 + (k / 4))^32
2.20376^(1/32) = 1 + (k / 4)
1.02500004450895 = 1 + (k / 4)
1.02500004450895 - 1 = k / 4
0.02500004450895 = k / 4
k = 0.02500004450895 * 4
k = 0.10
For Bank Y in alternative A, we can use r2 = k = 0.10. Therefore, using equation (1) for Bank Y in alternative A, we can solve for P2 as follows:
1,990.76 = P2 * (1 + (0.10 / 4))^(3 * 4)
1,990.76 = P2 * 1.3448888242463
P2 = 1,990.76 / 1.3448888242463
P2 = $1,480.24
From Bank X in alternative A, we now have A1 = P2 = $1,480.24. For Bank X in alternative A, we can now use equation (1) and solve for j as follows:
1,480.24 = 1,000 (1 + (j / 2))^(5 * 2)
1,480.24 / 1,000 =(1 + (j / 2))^10
1.480.24 =(1 + (j / 2))^10
1.480.24^(1 / 10) = 1 + (j / 2)
1.03999969894693 - 1 = j / 2
0.03999969894693 = j / 2
j = 0.03999969894693 * 2
j = 0.08
Since k = 0.10 and j = 0.08, ratio k/j can be calculated as follows:
Ratio k/j = 0.10 / 0.08
Ratio k/j = 1.25
Blossom Industries produces and sells a cell phone-operated home security control. Information regarding the costs and sales of security controls during May 2020 are provided below.
Unit selling price of security control $49
Unit variable costs $28
Total monthly fixed costs $126,000
Units sold 8,300
Required:
Prepare a CVP income statement for Blossom Industries for the month of May.
Answer and Explanation:
The preparation of the CVP income statement for the month of May is presented below:
Sales (8,300 units × $49) $406,700
Less: Variable cost (8,300 units × $28) -$232,400
Contribution margin $174,300
Less: Fixed cost -$126,000
Net income $48,300
For each macroeconomic viewpoint, identify whether it is a position held by classical economists, Keynesian economists, or monetarists. If the viewpoint is shared by more than one group, check all that apply.
a. A decrease in aggregate demand will only lead to a temporary departure from full employment output. Since prices and wages are flexible, the economy will automatically adjust to full employment in the long run.
b. The velocity of money, while not constant, is predictable.
Answer:
a. Classical theory
b. Monetarist school.
Explanation:
Classical theory assumes that the fall in aggregate demand will create temporary affect on employment and ;later in the long run economy will adjust itself and will be at full employment automatically. Keynesian theory believes that demand is the factor which drives the economy. If the economy is at recession then efforts should be made to increase demand which will turn the economy growth upright.
We try to determine if we can use educational background, interests, and gender to see if an individual's annual income differs in terms of their educational background, which test should we use
Answer:
Multiple regression
Explanation:
With regards to the above, multiple regression can be used to determine one educational background, interest and gender so as to see if there is a variation in terms of individual's annual income as it relates to their educational background.
Multiple regression basically is a mathematical model, which is used when one value is matched with two or more variables. Here, the value is a stand alone, which is why we study, while the variables are dependent; hence are factors that required to be checked and why the whole analysis is being conducted.
In the above scenario, the value being represented is 'annual income' which is independent, while educational background, interest and gender are variables which are independent.
Microeconomics deals with: Question 4 options: 1) the working of the entire economy or large sectors of it. 2) economic growth. 3) individual decision makers in the economy. 4) gross domestic product.
Answer:
3) individual decision makers in the economy
Explanation:
The study of the microeconomic would deals in the people choice, factors impacting their choices, decision impacting their goods that can impact the price, supply and the demand
Therefore as per the given options, the third one is chosen as the other factors represent the macroeconomics
n order to build a new warehouse facility, the regional distributor for Valco Multiposition Valves borrowed $1.6 million at 12% per year interest. If the company repaid the loan in a lump sum amount after 2 years, what was the amount of the payment
Answer:
the amount of the payment is $2,007,040
Explanation:
The computation of the amount of the payment is as follows:
= Borrowed amount × (1 + rate of interest)^number of years
= $1,600,000 × (1 + 0.12)^2
= $2,007,040
We simply applied the future value formula to determine the amount of the payment
Hence, the amount of the payment is $2,007,040
Each of the three independent situations below describes a finance lease in which annual lease payments are payable at the beginning of each year. The lessee is aware of the lessor's implicit rate of return. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)
Situation
1 2 3
Lease term (years) 12 20 4
Lessor’s rate of return (known by lessee) 11% 9% 12%
Lessee’s incremental borrowing rate 12% 10% 11%
Fair value of leased asset $620,000 $1,000,000 $205,000
Required:
a. Determine the amount of the annual lease payments as calculated by the lessor and above situations.
b. Determine the amount lessee would record as a leased asset and a lease liability for above situations.
Answer:
Answer is explained in the explanation section below.
Explanation:
Data Given:
Situations:
Lease Term years:
1. 12
2. 20
3. 4
Lessor’s rate of return (known by lessee):
1. 11%
2. 9%
3. 12%
Fair value of leased asset:
1. $620,000
2. $1,000,000
3. $205,000
a) For Situation 1:
Here, lease is a financial agreement between two parties Lesse and Lessor.
So,
Formula for annual lease payments is:
Annual lease payments = Fair value of assets divided by Present value for annuity due.
Here,
we use the following data to calculate the annual payments.
Fair Value of Assets of the leased asset = $620,000
Lease term = 12 years
Lessor's rate of return = 11%
So, the present value of annuity due 12 years at the rate of 11% is 7.2065
Plugging in the values in the formula we get:
Annual lease payments = [tex]\frac{620,000}{7.2065}[/tex]
Annual lease payments = $86,033.44
b)
Formula for the lease ability = Annual rent payment multiply by present value of annuity due.
So,
The annual rent payment is the same that we calculated above.
So,
the lease ability = $86,033.44 x 7.2065
the lease ability = $620,000
For Situation 2:
a)
Annual lease payments = Fair value of assets divided by Present value for annuity due.
we use the following data to calculate the annual payments.
Fair Value of Assets of the leased asset = $1,000,000
Lease term = 20 years
Lessor's rate of return = 10%
So, the present value of annuity due 20 years at the rate of 9% is 9.9501
Annual lease payments = [tex]\frac{1,000,000}{9.9501}[/tex]
Annual lease payments = $100,501.35
b)
Formula for the lease ability = Annual rent payment multiply by present value of annuity due.
the lease ability = $100,501.35 x 9.9501
the lease ability = $1,000,000
For Situation 3:
a)
Annual lease payments = Fair value of assets divided by Present value for annuity due.
we use the following data to calculate the annual payments.
Fair Value of Assets of the leased asset = $205,000
Lease term = 4 years
Lessor's rate of return = 12%
So, the present value of annuity due 4 years at the rate of 12% is 3.4081
Annual lease payments = [tex]\frac{205,000}{3.4801}[/tex]
Annual lease payments = $60,261.66
b)
Formula for the lease ability = Annual rent payment multiply by present value of annuity due.
the lease ability = $60,261.66 x 3.4801
the lease ability = $205,000
Question 3 of 25
During which events is it most likely that sheltering in place is the best option?
Select the 3 answer options that apply.
Tornado
Chemical release
Fire
Biological contaminant release
Answer:
Tornado ,Chemical release and Biological contaminant release
Explanation:
I just took it.
Andy Roddick is the new owner of Novak Computer Services. At the end of August 2020, his first month of ownership, Roddick is trying to prepare monthly financial statements. Below is some information related to unrecorded expenses that the business incurred during August.
1. At August 31, Roddick owed his employees $1,900 in wages that will be paid on September 1. $1,900
2. At the end of the month he had not yet received the month's utility bill. Based on past experience, he estimated the bill would be approximately: $600
3. On August 1, Roddick borrowed $30,000 from a local bank on a 15 -year mortgage. The annual interest rate is 8%
4. A telephone bill in the amount of $117 covering August charges is unpaid at August 31.
Required:
Prepare the adjusting journal entries as of August 31, 2014, suggested by the information above.
Answer:
Novak Computer Services
Adjusting Journal Entries on August 31, 2014:
1. Debit Wages Expense $1,900
Credit Wages Payable $1,900
To accrue unpaid wages for the month.
2. Debit Utilities Expense $600
Credit Utilities Payable $600
To accrue unpaid utilities for the month.
3. Debit Interest Expense $200
Credit Interest Payable $200
To accrue unpaid interest for the month.
4. Debit Telephone Expense $117
Credit Telephone Payable $117
To accrue unpaid telephone bill for the month.
Explanation:
The above adjusting journal entries are made to Novak's journal at the end of August, 2014. Adjusting entries ensure that income and expenses are allocated to the actual month in which the income or expense was incurred, whether cash exchanged hands or not. Adjusting entries are required in line with the accrual concept and the matching principle of the generally accepted accounting principles.
Assign each of the following to the correct category: A full-time college student multiple choice 1 Employed Unemployed Not in the labor force An accountant working full time
Answer:
unemployed
employed
Explanation:
The following graph represents the cost and revenue functions for custom-made computers. How many computers have been sold at the break-even point? A graph has sales on the x-axis and cost times 100 on the y-axis. The cost line goes through (0, 5) and (12, 9). The revenue line goes through (0, 0) and (12, 9). The lines intersect at (12, 9). a. 12 b. 9 c. 5 d. 0 Please select the best answer from the choices provided A B C D
Answer:
It would be 12
Explanation:
just did the test
Answer:
a
Explanation:
edg 20/21
afford that. (shouldnt, cant)
11. Circle the collective noun that best fits in the sentence.
1. The ( classroom/herd ) of students read the directions on th
2. Sailing around the (flock / chain of islands, the crew of sa
3. Bears fish in the river as the clouds / runs ) of salmon swa
4.
I ate a (plate / flock) of rice.
5. Running late, I ran up ( flights/pods ) of stairs in record ti
6. Looking up at the sky, I had a glimpse of the packs / gala
7. After the holidays, we had (colonies / heaps) of trash.
Grade 08 - English
(4)
Copying and imita
publishers law!
Answer:
Classroom
Chain of Islands
Runs
Plate
Flights
Gala
Heaps
Explanation:
Suppose you bought 100 shares of IBM at $200 per share. What is the maximum loss if you place a stop-loss order at $165
Answer:
$3,500
Explanation:
Placing a stop-loss order at $165 means that the last amount that the stock traded, it had a price of $165 per share.
Based on that, it is evident that each stock has lost $35 when compared to the price at which the stop-loss order was placed and the initial cost per share of $200.
Loss per share=$200-$165=$35
The loss incurred on 100 shares of IBM=loss per share*number of shares owned
The loss incurred on 100 shares of IBM=$35*100
The loss incurred on 100 shares of IBM=$3,500
HELP HELP HELP 10 POINTS!!!!!!!!!!!!!! PICTURE PROVIDED!!!!!
Paolo is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence: Paolo has only 20 hours this week that he can devote to training. Each hour he spends swimming is an hour that he can't spend biking or running. Which basic principle of individual choice do these statements best illustrate?
a. Juanita can use time most efficiently by spending the same amounts of time on swimming, biking, and running.
b. People face trade-offs
c. People usually exploit opportunities to make themselves better off.
d. Juanita has an incentive to spend more time on swimming than on biking or running.
Answer:
b. People face trade-offs
Explanation:
People usually have different options of a toons that can be taken with their various benefits. These different options available to an individual are called trade offs.
When a particular line of action is taken, the alternative action forgone is called the opportunity cost.
In economics the opportunity cost is also considered along with the actual cost of an activity.
In this scenario Paolo has trade offs of swimming, biking, or running.
However he has only 20 hours this week that he can devote to training. Each hour he spends swimming is an hour that he can't spend biking or running.
So biking and running are the opportunity costs he has to pay for swimming
A company is determining which of two suppliers, Supplier A or Supplier B, should be used to source a component part. The company has developed the weights to evaluate the suppliers. The purchasing manager for the company has assigned the raw scores to the two suppliers.
Factors Weight
Technical 0.15
Managment 0.15
Quality 0.20
Delivery 0.25
Price 0.25
The purchasing manager for the company has assigned the following raw scores to the two suppliers:
Factors Supplier A Raw Score Supplier B Raw Score
Technical 80 95
Management 90 85
Quality 70 80
Delivery 85 90
Price 95 85
Use a weighted-factor analysis to identify the supplier that the company should use to source the component part.
Answer:
The Total Weight Score of Supplier B > The Total Weight Score of Supplier A
Explanation:
So, in this question we are asked to use the weighted-factor analysis to decide the supplier. Hence, it is a decision making method using weights which are given.
Supplier A Calculations:
First of all, we need to calculate the weight score for each factor.
And the formula to calculate the weight score is = Raw score multiply by weight.
For Technical Factor:
Weight score = 0.15 x 80
Weight score = 12
Similarly,
For Management Factor:
Weight score = 0.15 x 90
Weight score = 13.5
For Quality Factor:
Weight score = 0.20 x 70
Weight score = 14
For Delivery Factor:
Weight score = 0.25 x 85
Weight score = 21.25
For Price Factor:
Weight score = 0.25 x 95
Weight score = 23.75
Similarly, we have to calculate the weight for Supplier B for each factor as well.
Supplier B calculations:
For Technical Factor:
Weight score = 0.15 x 95
Weight score = 14.25
For Management Factor:
Weight score = 0.15 x 85
Weight score = 12.75
For Quality Factor:
Weight score = 0.20 x 80
Weight score = 16
For Delivery Factor:
Weight score = 0.25 x 90
Weight score = 22.5
For Price Factor:
Weight score = 0.25 x 85
Weight score = 21.25
Now, we have to calculate the real weight of suppliers by adding together the individual weight scores of each supplier and then compare between them to decide, which one to choose.
For Supplier A:
Total Weight Score = 12 + 13.5 +14 + 21.25 + 23.75
Total Weight Score = 84.5
Similarly,
For Supplier B:
Total Weight Score = 14.25 + 12.75 + 16 + 22.5 + 21.25
Total Weight Score = 86.75
Conclusion:
The Total Weight Score of Supplier B > The Total Weight Score of Supplier A
Hence, Supplier B should be selected.
At which rate is total utility increasing: a constant rate, a decreasing rate, or an increasing rate
Answer:
a decreasing rate.
Explanation:
Total utility of an individual is the satisfaction which is achieved by consuming one additional unit of good. When a person achieves more goods his marginal utility declines. When the total utility is increased, the rate of utility is decreasing.
If the firm has 200,000 common shares outstanding, zero preferred shares, and debt with a market value of $10,000,000 what would be the value of each share
The complete question is:
Acme Medical Corp. is expecting the cash flows from 2018-2022 in the table below. After 2022 it is expecting growth in cash flow at an annual rate of 3%. The firm has determined that its weighted average cost of capital (discount rate) is 7%. Using the table below calculate the following:
Year Cash flow
2018 500,000
2019 550,000
2020 620,000
2021 700,000
2022 800,00
Answer: Share value = $36.23
Explanation:
First of all we need to calculate the present value of future cash flows of the company
Weighted average cost of capital is given as 7% so discounts will be made against 1.07
Present value = 500,000/(1+0.07) + 550,000/(1+0.07)^2 + 620,000/(1+0.07)^3 +700,000 /(1+0.07)^4 + 800,000/(1+0.07)^5 + [(824,000/0.04)/(0.07)^5]
Present value =$17,245,716.59
Share value will be present value of future cash flows minus market value of the company, and divided by number of shares
Share value = (17,245,716.59 - 10,000,000) ÷ 200,000
Share value = $7,245,716.59 ÷ 200,000
Share value = $36.23
How do you plan to become a responsible consumer?
Answer:
Do not be a Karen :) No no I'm just kidding- a way to be is respect, make sure ur patent, if you talking about the other meaning to it which is eating something the answer for that is to not be picky uhhh yeah I hope this helped
also I know I'm weird forgive me-
In general, the production and use of capital ________ the productivity of labor and normally ________ wages.
Answer:
In general, the production and use of capital ENHANCES the productivity of labor and normally DRIVES UP wages.
Explanation:
capital refers to tools, machinery or equipment used in the production of goods or services. They all help to increase the productivity of workers. As the productivity increases, so do salaries (generally speaking). For example, a person that paints using a common brush will paint 10 yards per hour, while someone that uses a painting machine will paint 50 yards per hour. Since using a painting machine yields a much higher return, but also requires additional knowledge, the worker is paid a higher wage.
Which type of market structure has many small firms that spend money in order to differentiate their products through advertising
Answer:
c. Monopolistic Competition
Explanation:
Multiple Options "a. Monopoly b. Oligopoly c. Monopolistic competition d. Perfect competition"
Monopolistic Competition is the type of market structure that has many small firms that spend money in order to differentiate their products through advertising. Here, the products are differentiated and the buyers are made aware of these differences through advertising and promotion. These costs represent a significant part of the total cost under monopolistic competition.
Answer:
Monopolistic competition
sam has an ivestment of 200 that is expected to earn 10%. how much will the investment be worth at the end of the first year if the investment earns simple interest
Answer:
$220
Explanation:
Calculation for How much will the investment be worth at the end of the first year if the investment earns simple interest
Investment worth=$200+(10%*$200)
Investment worth=$200+$20
Investment worth=$220
Therefore How much will the investment be worth at the end of the first year if the investment earns simple interest is $220
Bond Corporation issues 5,000, 10-year, 8%, $1,000 bonds dated January 1, 2017, at 103. The journal entry to record the issuance will show a
Answer and Explanation:
The journal entry to record the issuance of the bond is as follows:
Cash Dr (5,000 × 103) $515,000
Discount on bond payable Dr $4,485,000
To Bond payable (5,000 × $1,000) $5,000,000
(Being the issuance of the bond is recorded)
Here cash and discount on bond payable is debited and credited the bond payable
What is a broadcast? What pathway do you find this in?
Answer:
A broadcast is when people talk into the radio and play music and talk like news i think (not sure but hope it helps)
Explanation:
dont know your other ques
Answer:
A broadcast is a frame that is sent from one device and is sent to every other device in that broadcast domain. You can find broadcasts by looking for the IP address and the subnet mask.
Explanation:
Hope this helps! ^^
What is the unemployment rate if there are 160 million people employed, 10 million people unemployed, and 20 million not in the labor force
Answer:
7.14%
Explanation:
With regards to the above, we can calculate the unemployment rate as!
= Unemployed people/labor force × 100
= 10,000,000 /140,000,000 × 100
= 7.14%
What effect does a company's sale of equipment have on the equipment's
accumulated depreciation on the balance sheet?
A. It is increased by the sale value.
B. It is not changed.
C. It is removed entirely.
D. It is decreased by the sale value.
Answer:
C. It is removed entirely.
Explanation:
Once an asset is sold, e.g. equipment, vehicles, machinery, buildings, etc., it is removed entirely from the balance sheet. This means that both the asset's historic cost and accumulated depreciation will be removed. Accumulated depreciation is a contra asset account that decreases the asset's carrying value, but if the asset is gone, so is accumulated depreciation.
