Answer:
the amount of the interest adjustment is $336.875
Explanation:
The computation of the amount of the interest adjustment is as follows;
= Principal × rate of interest × number of days ÷ total number of days
= $157,500 × 5.5% × 14 days ÷ 360 days
= $336.875
Hence, the amount of the interest adjustment is $336.875
Therefore the given formula is applied
If you are the Head of H.R Department in Ali Manufacture Company and you have hire the totally fresh candidates in your company so what kind of training you will suggested; on the job training or off the job training
Answer:
on the job training
Explanation:
On the job training focuses on a more practical training, i.e. training new employees through real life situations. While off the job training is theoretical training that can be carried out somewhere else. The advantage of on the job training is that new employees encounter the same type of situations that they will face on their jobs.
After analyzing his business venture, Jim chalked out a business plan, which included maintaining a high liquidity to cover any cash crunch
ata future date. He also insured his inventory to cover allosses that could arise due to theft and damage as his goods are transported
and stored in warehouses all over the country. How would you classify his plan?
Jim's business policy could be classified as a
plan.
Answer:
Descriptions Terms a. Begins with net income and then lists adjustments to net income in order to arrive at operating cash flows. b. Item included in net income, but excluded from net operating cash flows. c. Net cash flows from operating activities divided by average total assets. d. Cash transactions involving lenders and investors. e. Cash transactions involving net income. f. Cash transactions for the purchase and sale of long-term assets. g. Purchase of long-term assets by issuing stock to seller. h. Shows the cash inflows and outflows from operations such as cash received from customers and cash paid for inventory, salaries, rent, interest, and taxes.
Effects Transaction a. The company pays cash toward an account payable. b. The company purchases equipment on credit. c. The owner invests cash in the business in exchange for its common stock. d. The company pays cash dividends to shareholders. e. The company purchases supplies for cash. f. The company provides services for cash.
Answer:
Transaction Effects on the accounting equation:
a. The company pays cash toward an account payable.
Asset (Cash) reduced = Liabilities (Accounts Payable) reduced + Equity
b. The company purchases equipment on credit.
Asset (Equipment) increased = Liabilities (Accounts Payable) increased + Equity
c. The owner invests cash in the business in exchange for its common stock.
Asset (Cash) increased = Liabilities + Equity (Common Stock) increased
d. The company pays cash dividends to shareholders.
Assets (Cash) reduced = Liabilities + Equity (Retained Earnings) reduced
e. The company purchases supplies for cash.
Assets (Supplies) increased and (Cash) reduced = Liabilities + Equity
f. The company provides services for cash.
Assets (Cash) increased = Liabilities + Equity (Retained Earnings) increased
Explanation:
The accounting equation shows that assets are always equal to liabilities and equity with each given business transaction. With the double entry system of accounting, each transaction has double effects on the accounting equation on one side or on both sides of the equation.
The effect transaction in this scenario is the owner invests cash in the business in exchange for its common stock. This transaction increases the company's cash balance and adds to its equity by increasing the owner's investment. Therefore, option c is correct.
In the context of accounting and finance, equity refers to the ownership interest in a business or organization. It represents the residual interest in the assets of the entity after deducting liabilities.
Equity can be in the form of common stock, preferred stock, or retained earnings. It reflects the claims of the owners or shareholders on the company's assets and represents their ownership rights.
Equity is an important component of a company's financial structure and plays a role in determining its value, financing options, and distribution of profits.
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Kaye Blanchard is 50 years old. She has $48,000 of adjusted gross income and $11,600 of qualified medical expenses. She will be itemizing her tax deductions this year. How much of a tax deduction will Kaye be able to deduct (assume 10% floor for deduction)
Answer:
$6,800
Explanation:
Calculation for How much of a tax deduction will Kaye be able to deduct (assume 10% floor for deduction)
Tax deduction=$11,600-(10%*$48,000)
Tax deduction=$11,600-$4,800
Tax deduction=$6,800
Therefore the amount of tax deduction that Kaye will be able to deduct (assume 10% floor for deduction) is $6,800
Pat decides to leave her job as an engineer to start a her own business. She estimates that her costs in rent, inventory, supplies, total $150,000. She will also give up her $80,000 salary as an engineer to work in her business. How much is her implicit cost
Answer:
Pat
Her implicit cost is:
$80,000
Explanation:
Pat's implicit cost is one part of the opportunity cost that arises when she utilizes her resources, knowledge, and skills toward a project or business without any explicit compensation for the utilized resources. She will be giving up $80,000 from all salary as an employed engineer to start her own business. She does not necessarily need to make a monetary payment for her implicit cost, unlike her explicit cost of $150,000.
differentiate between a department with line responsibility and a department with staff responsibility
Answer:
While a department with line responsibility is directly involved in the daily activities and management of the business, a department with staff responsibility simply provides support for the line managers.
Explanation:
The line department consists of the chain of leaders whose positions in the organization are clearly differentiated from those of their subordinates. They make decisions and supervise the daily affairs of the business. Examples of these include; the department heads, the president, the production supervisors, etc.
A department with staff responsibility provides support for the department with line responsibility. Examples of personnel in the line department are the legal advisers and the human resource staff. The legal advisers provide support by advising the line managers on the lawful means to transact their business activities.
Carl Lester has liquid assets of $3,400 and current liabilities of $1,800.(a) What is his current ratio
Answer:
A. Current ratio = 1.9
B. A current ratio of 1.9 will be totally viewed as less than desirable.
Explanation:
(a) Calculation for What is his current ratio
Using this formula
Current ratio= Liquid assets / Current liabilities
Let plug in the formula
Current ratio= $3,400 / $1,800
Current ratio = 1.9
(b) The comment that best describes his financial position is that A current ratio of 1.9 will be totally viewed as less than desirable.
I really can’t find the answer.
Which of the following is a way in which business benefits society?
A. It provides competition to improve customer choice.
B. It discourages innovation.
O C. It forbids social bonds in the workplace.
O D. It prevents the creation of new jobs.
SUBMIT
Answer:
A. It provides competition to improve customer choice.
Explanation:
Businesses are established to offer solutions to society's problems. Entrepreneurs identify a need or a want in society and avail products or services that will meet that need. The reward to the entrepreneur is the profit they make by charging a higher price on products than the cost incurred in availing them.
Entrepreneurs are innovative people always seeking new ways of doing things. Business competition has made innovation and creativity a necessity. Entrepreneurs are developing new, efficient, and cost-friendly products to win more customers. The biggest beneficiary is the customer and society at large as they get quality products at fair prices.
Answer:
a. it provides competition to improve customer choice
Explanation:
figure 3-5 shows that in U.S. data labor`s shareof total income is aproximatly a constant over time. Table 3-1 shows that the trend in labor productivity. How are these facts related. Could the first fact be true without the second also being true.
what is taxable incomeTanya (born 10-31-90) is single, has no dependents and will not itemize deductions. She cannot be claimed as a dependent by anyone else. Tanya can claim adjustments of $800 for her student loan and $1200 for an IRA. She had the following income: Wages $22,594
Answer:
Interests on student loans and IRA contributions are above the line deductions, which means that they decrease a person's AGI before they take any itemized or standard deduction.
Tanya's AGI before taking any deduction = $22,594 - $2,000 = $20,594
Assuming that she is filing her 2020 taxes, the standard deduction for single filers is $12,400, so her total taxable income = $20,594 - $12,400 = $8,194.
. Distinguish between the short run and the long run as they relate to macroeconomics. Why is the distinction important
Answer:
1. In the short run, wages and other prices are stagnant making the economy to run below or above the normal level. In the long run, wages and prices are fully flexible, and this allows the economy to run at its natural level.
2. This distinction is important because it helps us to see how difficult it could be to sustain the real gross domestic product and employment rates thus making the economy to run at a normal level or achieve its full potentials.
Explanation:
Stickiness or stagnancy of wages can be seen in the fact that it is most time difficult to fluctuate or change the wages of workers overtime. The prices of most goods are also sticky when they remain unchanged over a given period of time. These conditions exist in the short run, and make the economy to run above or below its full potentials. The real GDP and unemployment levels are negatively affected.
In the long run, flexibility of wages and prices are achieved and this makes the economy to run at its full potentials. The real GDP as well as the employment rate are at their optimum level then.
Guys I need a kawaii Username for YT the person that had the best one I will crown branliest I'm giving 40 points!
Answer:
Sweetlolipie
Explanation:
Answer:
What about "TedyBear","PixelII" and "PoohBear"???
Which of the following statements is LEAST accurate?
a. Color can be used for headings. WRONG
b. Color helps readers focus on essential information.
c. Use very bright colors to draw attention to text.
d. Bold or shading can be used instead of color.
If there are so many risks to investing in the stock market, why do so many people do it?
There's an obvious answer... high risk; ergo high return.
describe the cycle that dictates the economic ups and down of the hotel industry
The terms of business cycle which includes expansion, growth, peak, recession describes the Ups and down of the hotel industry
Business cycle refers to the cyclical upswings and downswings of a business in its output, employment, income, sales etc
The 4 stages of business cycle includes:
expansionpeakcontractiontrough/recession.In conclusion, the terms of business cycle which includes expansion, growth, peak, recession describes the Ups and down of the hotel industry
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Determine the future value of $19,000 under each of the following sets of assumptions (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. Round your final answers to nearest whole dollar amount.)
Answer and Explanation:
The computation of the future value in the following situations:
As we know that
Future value = Present value × (1 + rate of interest)^number of years
1. For semiannually
= $19,000 × (1 + 0.10 ÷ 2 )^8 × 2
= $19,000 × (1.05)^16
= $19,000 × 2.1829
= $41,475
2. For quartely
= $19,000 × (1 + 0.12 ÷ 4 )^2 × 2
= $19,000 × (1.03)^4
= $19,000 × 1.2268
= $23,309
3. For monthly
= $19,000 × (1 + 0.36 ÷ 12 )^15
= $19,000 × (1.03)^15
= $29,602
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 $45 Unit variable costs $22 Total monthly fixed costs $121,000 Units sold 7,500 Prepare a CVP income statement for Blossom Industries for the month of May. Provide per unit values and total values.
Explanation:
Total Per Unit
Sales $ 337,500 $ 45
Less: Variable Cost $ 165,000 $ 22
Contribution margin $ 172,500 $ 23
Less : Fixed Cost $ 121,000
Profit $ 51,500
Sales Total = $ 45 * 7,500 Units
Variable Cost Total = $ 22 * 7,500 Units
Contribution Margin Total = $ 23 * 7500 Units
Discuss why perfect competition is often described as the 'ideal' market structure.
Answer:
Perfect competition is an ideal type of market structure where all producers and consumers have full and symmetric information, no transaction costs, where there are a large number of producers and consumers competing with one another. Perfect competition is theoretically the opposite of a monopolistic market
Explanation:
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What would you feel is an appropriate amount of business clothing for your cousin to own in order to succeed at their job
Answer: For seeking a job a formal dressing is required.
Explanation:
Formal dressing is appreciated for job interview. The job interview require a business attire. For women a business suit, shirt and pants, or statement dress are recommended. For men business suit, shirt along with tie and pants are recommended. The cleanliness and well ironed dress are recommended. The way one handle the dress is also taken into consideration the dress should not be extra tight or loose which can negatively affect the impression on the employers.
Alpha and Beta are partners who share income in the ratio of 1:2 and have capital balances of $34,200 and $88,500, respectively, at the time they decide to terminate the partnership. After all noncash assets are sold and all liabilities are paid, there is a cash balance of $80,700. What amount of loss on realization should be allocated to Alpha
Answer:
Alpha and Beta
The amount of loss on realization that should be allocated to Alpha is:
$14,000.
Explanation:
a) Data and Calculations:
Alpha Beta Total
Sharing ratio = 1 : 2
Capital balances $34,200 $88,500 $122,700
Cash balance = $80,700
Loss on realization = $42,000 ($122,700 - 80,700)
Loss sharing:
Alpha = $42,000 * 1/3 = ($14,000)
Beta = $42,000 * 2/3 = ($28,000)
Cash refund $20,200 $60,500 ($80,700)
b) After sharing the loss (reduction in their capital balances against the available cash) in their profit and loss sharing ratios, their capital balances will be reduced by their respective amounts of loss. Therefore, the cash each partner is entitled to will become equal to the cash available, as depicted above.
Assume the following information from a schedule of cost of goods manufactured: Cost of goods manufactured $ 158,000 Beginning work in process inventory $ 26,800 Direct materials used in production $ 50,000 Manufacturing overhead applied to work in process $ 90,000 Total manufacturing costs added to production $ 200,000 What is the ending work in process inventory
Answer:
$68,800
Explanation:
Calculation for What is the ending work in process inventory
Using this formula
Ending work in progress = Beginning work in progress + Total manufacturing cost added to production - Cost of goods manufactured
Let plug in the formula
Ending work in progress =$26,800+$200,000-$158,000
Ending work in progress=$68,800
Therefore the ending work in process inventory will be $68,800
can produce two types of light fixtures, the indoors model and the outdoors model. if the total sales are expected to be 21,050 units, what would be the totla operating income of the company if it decides to buy the new production equipment
Answer:
$1,000,000
Explanation:
The computation is shown below:
Particulars Indoors Model Outdoors Model Total
No of Units
(21,050 in ratio 2:3) 8,420 12,630 21,050
Sales 1,263,000 2,778,600 4,041,600
Less: Variable costs 168,400 505,200 673,600
Contribution margin 1,094,600 2,273,400 3,368,000
Less: Fixed costs
(2,160,000 + 208,000) 2,368,000
Operating Income 1,000,000
A large bakery buys flour in 25-pound bags. The bakery uses an average of 1,215 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Annual carrying costs are $75 per bag. a. Determine the economic order quantity.
Answer:
EOQ= 18
Explanation:
Economic order quantity (EOQ) is the ideal order quantity a company should purchase to minimize inventory costs such as holding costs, shortage costs, and order costs.
To calculate the economic order quantity (EOQ), we need to use the following formula:
Economic order quantity (EOQ)= √[(2*D*S)/H]
D= Demand in units
S= Order cost
H= Holding cost
D= 1,215
S= $10
H= $75
Economic order quantity (EOQ)= √[(2*1,215*10)/75]
EOQ= 18
Countries often use various government regulations to manipulate the amount of goods and services imported from other countries. This activity is important because it will help you to understand the effects of trade protectionism on the overall international trading atmosphere.
Required:
Challenge your knowledge of the different types of international trade barriers.
Answer:
Solar ⇒ Tariffs
Tariffs are taxes on imported goods such that their prices are increased so that the domestic producers of that good can be able to compete with the imports which is the case here.
Numbers ⇒ Import Quotas
Import Quotas refer to limits on the amount of imports into a country. When the imports reach a certain amount they will be no more imports for the year.
Aluminium ⇒ Import Quotas
By only allowing a certain number of sheets to come into the country the US has imposed an import quota on the metal as per the definition above.
Materials ⇒ Embargoes and Sanctions
Embargoes and sanctions limit the trade of goods and services to the country under sanctions or being embargoed. Here the US will not ship goods to North Korea as they are under sanctions for their nuclear program.
Prohibition ⇒ Embargoes and Sanctions
This scenario describes an embargo which means that there is a ban on trade of certain goods and services with the nation under embargo.
Imports ⇒ Tariffs
Customs duties are taxes on imports which therefore makes them tariffs.
What is one advantage of starting to invest
If you hope to be a college instructor in a subject, you need to plan to complete what level of education?
A.
Graduate school.
B.
Bachelor’s degree.
C.
Associate’s degree.
D.
Vocational school.
which of the following is a common risk of using credit to make purchases
overspending
having to wait a longer for the good
underspending
losing payment records
Answer:
overspending
Explanation:
Credit purchases encourage one to spend more than they can afford. The fact that the sellers do not demand cash when goods change hands entices people to buy more. In credit purchases, cash is not required, only a commitment to pay later, which leads to overspending.
Overspending increases the probability of defaulting on credit payments. When the debt to income level rises too much, the borrower may be forced to miss some installment payments and cater to basic needs.
Answer:
overspending
Explanation:
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QUESTION 6 of 10: A factor that a retailer might consider when choosing a location is
ОООО
a) The availability of workers
b) Local zoning laws
c) Possibilities for expansion
d) All of the above
smit
Answer:
All of the above
Explanation:
Employee accessibility and affordability, state environmental and local zoning laws, development and expanding possibilities, all this aspect really affects retailers when they would considering choosing a venue.
Tania really enjoyed the salads sold at her local grocery store, so she purchased five of them to eat throughout the week. The first salad is delicious, and Tania eats it quickly, looking forward to the next one. The second day, the next salad is also good. By the third day, some of the ingredients in the next salad are starting to go bad, and by the fourth day, Tania cannot bring herself to eat any more and throws away the remaining salads. Which statement would be unlikely in economic terms?
a. Tania achieved utility maximization with her purchase of five salads.
b. Tania would achieve higher marginal utility by eating something other than the fourth salad.
c. Tania would achieve higher marginal utility if she purchased fewer salads.
d. Tania's marginal benefit was higher for the first two salads than the third and fourth.
Answer:
a. Tania achieved utility maximization with her purchase of five salads.
Explanation:
Maximising individual satisfaction is the main aim in an economy.
Utility is a measure of the degree of satisfaction that a person gets from consuming a good.
In the given scenario Tania bought 5 salads and enjoyed only 2. She had to throw away the remaining because of spoilage.
In economic terms she would have been better of purchasing fewer salads for example if she only did 2 salads her utility will be maximised.
She is also better off consuming something else than the fourth salad. She derived no satisfaction from the fourth salad as she had to throw it away.
As she enjoyed the first two salads her marginal utility is higher with them than for the ones she did not consume.
However to state that she achieved maximum utility with purchase of the 5 salads is wrong because she only consumed 2 and had to throw the rest away
Determine the present value of the following single amounts (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. Round your final answers to nearest whole dollar amount.):
Answer:
1. $15,406
2. $6,461
3. $2,118
4. $15,262
Explanation:
Calculation to Determine the present value
1. Calculation for the Present Value of $31,000, n= 12, i =6%
First step is to find the Present value of $1:
n= 12, i =6% (from PV of $1)
Where,
n represent the period for investment
i represent the interest rate
The Present value of $1:n= 12, i =6% (from PV of $1) is 0.49697
Now let Calculate the Present Value of $31,000,n= 12, i =6%
Present value=$31,000 *0.49697
Present value= $15,406
2. Calculation for the Present Value of $25,000, n= 20, i =7%
First step is to find the Present value of $1:
n= 20, i =7% (from PV of $1)
Where,
n represent the period for investment
i represent the interest rate
The Present value of $1:n= 20, i =7% (from PV of $1) is 0.25842
Now let Calculate the Present Value of $25,000, n= 20, i =7%
Present value=$25,000 *0.25842
Present value= $6,461
3. Calculation for the Present Value of $36,000, n= 25, i =12%
First step is to find the Present value of $1:
n= 25, i =12% (from PV of $1)
Where,
n represent the period for investment
i represent the interest rate
The Present value of $1:n= 25, i =12% (from PV of $1) is 0.05882
Now let Calculate the Present Value of $36,000, n= 25, i =12%
Present value=$36,000 *0.05882
Present value= $2,118
4.Calculation for the Present Value of $51,000, n= 14, i =9%
First step is to find the Present value of $1:
n= 14, i =9% (from PV of $1)
Where,
n represent the period for investment
i represent the interest rate
The Present value of $1:n= 14, i =9% (from PV of $1) is 0.29925
Now let Calculate the Present Value of $51,000, n= 14, i =9%
Present value=$51,000 *0.29925
Present value= $15,262
Therefore the PRESENT VALUE will be:
Future Amount i = n = Present Value
1 $31,000 6% 12 =$15,406
2 $25,000 7% 20 =$6,461
3 $36,000 12% 25 =$2,118
4 $51,000 9% 14 =$15,262