Given his involvement in a covertly recorded conversation that contained racial statements, Gil Cedillo is facing intense pressure to resign from the LA city council.
Why is LA city council member Gil Cedillo under so much pressure to step down?As a result of his silence during the contentious and divisive dialogue that left supporters heartbroken and opponents emboldened, he is now the target of widespread resignation calls and condemnation. Following a commotion over the racial and offensive remarks, Martinez and Herrera both resigned this week.
When did he intend to retire?After neighborhood activist Eunisses Hernandez won the District 1 primary in June, Cedillo had previously announced his resignation and will do so on December 11. According to the council member absence policy, he could continue serving on the city council until December 11 without attending.
Learn more about resignation calls: https://brainly.com/question/20114446
#SPJ4
2. hunter, inc. analyzed its accounts receivable balances at december 31, and arrived at the aged balances listed below, along with the percentage that is estimated to be uncollectible: aging group balance in a/r probability of non-collection 0-30 days past due $90,000 1% 31-60 days past due 20,000 2% 61-120 days past due 11,000 6% 121-180 days past due 6,000 10% over 180 days past due 5,000 25% the company handles credit losses using the aging of accounts receivable method. the credit balance in the allowance for bad debt (abd) account is $820 on december 31, before adjusting entries. the adjusting entry for estimated bad debt on december 31 will include: a) a debit to allowance for bad debt for $3,810 b) a credit to allowance for bad debt for $3,810 c) a debit to allowance for bad debt for $2,990 d) a credit to allowance for bad debt for $2,990
Adjusted balance in Allowance account required - CREDIT $3,810, Unadjusted balance in Allowance account existing - Credit (Debit) $820 and Bad Debt Expense [Adjusted balance - Unadjusted balance]$2,990
What is Bad Debt Expense?
When a receivable is no longer recoverable because a client is unable to fulfil their responsibility to pay an outstanding debt owing to bankruptcy or other financial troubles, a bad debt expense is reported. Companies that give credit to their customers disclose bad debts on their balance sheets as an allowance for uncertain accounts, often known as a provision on credit losses. Bad debt charges are often recorded on the income statement as a sales and general administrative expense. Recognizing bad debts reduces accounts receivable just on balance sheet, however businesses maintain the right to collect payments if circumstances change.
To learn more about Bad Debt Expense
https://brainly.com/question/24871617
#SPJ4
you have one type of nut that sells for $4.60/lb and another type of nut that sells for $8.70/lb. you would like to have 32.8 lbs of a nut mixture that sells for $8.10/lb. how much of each nut will you need to obtain the desired mixture?
28 lbs of the expensive $8.70/lbs nuts and 4.8 lbs of the cheaper $2.50/lbs is required in order to obtain 32.8 lbs of a nut mixture that sells for $8.10/lbs i.e., the desired mixture.
What are linear equations ?If a variable consistently exhibits its maximum power, an equation is considered to be linear. Another name given to linear equation is a one-degree equation. The typical form of a linear equation with one variable is Ax + B = 0. In this case, the variables x and A are variables while the variable B is a constant. The traditional form applies to a linear equation with two variables is Ax + By = C. In this case, we have the variables x and y, the coefficients A and B, and the constant C.
Let C be the cheaper nut that costs $4.60/lbs and E be the expensive nut that costs $8.70 :
4.6C + 8.7E = 32.8(8.10)
4.6(32.8-E) + 8.7E = 265.68
150.88- 4.6E + 8.7E = 265.68
4.1E = 265.68 -150.88
E = 114.8/4.1
E = 28 lbs
C = 32.8 - 28
C = 4.8 lbs
Therefore, the required quantity of the expensive $8.70/lbs nuts is 28 lbs and cheaper $2.50/lbs nuts is 4.8 lbs.
To know more about, linear equations, visit :
https://brainly.com/question/13738061
#SPJ4
suppose that the consumption function is c = $500 + 0.8yd, where yd is disposable income. if income increases by $2,000, consumption will increase by:
c = $2100.
The consumption based on the given function is $2100.
Explain consumption function?The relationship between consumer spending and the various factors influencing it is known as the consumption function in economics. At the level of the household or family, these variables may include wealth, interest rates, age, education, and family size. They may also include expectations about the level and riskiness of future wealth or income.C = c+bY is described by the consumption function equation. The value of total consumption will rise if the value of (By) is higher. It clearly states that as income rises, expenses must follow suit. We must take into account the fact that the rate of income growth exceeds the rate of expenditure growth.Consumption grows by the MPC times an increase in income for every dollar of income. As a result, the MPC is the slope of the consumption function.Given here,
Disposable income = $2,000.
The consumption equation ,c= 500 + 0.8yd
We could calculate consumption by adding the following to the equation: c= 500 + 0.8yd
c = 500 + 0.8(2000)
c = 500 + 1600
c = 2100
∴ The consumption is $2100 as a result.
To learn more about consumption function refer to :
https://brainly.com/question/14975005
#SPJ1
you want a seat on the board of directors of four keys, incorporated. the company has 230,000 shares of stock outstanding and the stock sells for $51 per share. there are currently 5 seats up for election. the company uses straight voting. how many shares do you need to guarantee that you will be elected to the board?
If you want a seat on the board of directors of four keys, incorporated. the company has 230,000 shares of stock outstanding and the stock sells for $ 51 per share and there are currently 5 seats up for election. the company uses straight voting. he number of shares you need to guarantee that you will be elected to the board is 38,334 shares.
Determining the number of shares
First step is to find the percentage of the numbers of shares needed
Percentage of numbers of shares needed=1/(1+5)
Percentage of numbers of shares needed=1/6
Percentage of numbers of shares needed=16.6667%
Second step is to calculate the total number of shares
Total number of shares = 230,000 shares ×16.6667%
Total number of shares = 38,331 shares
Hence, you will be to have 38,334 shares (38,331 +1)
Therefore the number of shares is 38,334 shares.
Learn more about number of shares here: https://brainly.com/question/20309387
#SPJ1
differences across international markets in voltage patterns affect the blank element of the marketing mix. multiple choice question. promotion price product place
Differences across international markets in voltage patterns affect the product element of the marketing mix.
What is the marketing mix?This is the term that is used to refer to the combination of products that has to do with the price, the places and the promotions of the products as well.
It is a combination of all of the elements that I have mentioned above that is referred to as the four Ps.
The four elements in the marketing mix are known to have a strong dependency level within themselves.
Hence the product is the solution that we have here because it is the differences that lies in the voltage patterns.
Read more on marketing mix here: https://brainly.com/question/859394
#SPJ1
yusef has just finished compiling a list of potential customers and evaluating their ability, willingness, and authority to buy. he knows his next step in the personal selling process is to
Yusef has just finished gathering a list of prospective clients and assessing their capacity, eagerness, and authorization to purchase. The pre approach is his next move in the personal selling process, he is aware of this.
What is a marketing strategy?A marketing strategy is a company's overarching plan for connecting with prospective consumers and persuading them to purchase its services or products. A marketing plan typically includes the value proposition of the company, key brand messages, data on target customer demographics, and other significant elements.
The 4 Ps of marketing—product, pricing, place, and promotion—are covered in-depth in a marketing strategy.
A well-defined marketing strategy should center on the firm's value proposition, which tells customers what the company stands for, how it operates, and why it deserves their business.
This creates a structure for marketing teams to adopt when they create strategies for all of the company's products and services.
To know more about marketing strategies, visit :
https://brainly.com/question/25492268
#SPJ4
is the legitimate power granted by the organization and acknowledged by the employees. group of answer choices functionalization coordination cooperation centralization authority
Authority refers to the legitimate power which is granted by the organization and acknowledged by the employees. Thus, the correct answer is option (e) authority.
Authority is the legitimate power that is provided by an organization and practiced by employees. Authority establishes the power and right of an individual to allocate and use resources efficiently, to take decisions, and to give orders so as to achieve organizational goals and objectives.
Authority is typically provides a framework for responsibility that flows from top to bottom within the hierarchy of an organization.
You can learn more about authority at
https://brainly.com/question/28067297
#SPJ4
Dividing a market into smaller segments of buyers with distinct needs or behaviors that might require separate marketing strategies is known as __________.
Dividing a market into smaller segments of buyers with distinct needs or behaviors that might require separate marketing strategies is known asmarket segmentation
What is the process of dividing a market into smaller groups?Market segmentation refers to “dividing a market into smaller segments of buyers with distinct needs, characteristics, or behaviors that might require separate marketing strategies or mixes,” targeting is defined as “evaluating each market segment's attractiveness and selecting one or more segments to enter,” Based on demographics, demands, goals, shared interests, and other psychographic or behavioral characteristics used to better understand the target audience, market segmentation divides a market into subsets.You may use this targeting in your product, sales, and marketing efforts by analyzing your market segments. The four primary categories of market segmentation are thought to be geographic, psychographic, behavioral, and demographic; however, there are many other tactics you can employ, as well as countless variants on the four primary types. Three Different Types of Segmentation and Their Use psychologically based segmentation.The values, beliefs, perceptions, attitudes, interests, and actions of the consumer are taken into account by this segmentation technique.segmentation based on demographics.segmentation by location. Segmentation is the process of breaking up your audience into more manageable groups according to specific traits.By dividing your target market into smaller groups, you may more effectively communicate the products, services, and advantages that may be most appealing to them.To learn more about market segmentation refer
https://brainly.com/question/15357678
#SPJ4
you purchase a new car (produced this year) for $38,000. after six months, you sell the car for $31,500. how much does gdp rise because of these two transactions?
For $38,000, one person bought a brand-new automobile that was made this year. The automobile was sold for $31,500 after six months. Due to these two trades, the GDP increased by $38,000.
What does transaction mean?
An agreement that has been fulfilled between a buyer and a seller to trade goods, services, or financial assets in exchange for cash is referred to as a transaction.
In corporate accounting, the phrase is also frequently used. This simple definition can be difficult to apply in business bookkeeping. The definition of a simple transaction model is an economic interdependence model that includes a matrix of transactions.
Along with a matrix of independent responses or injections and a matrix of dependent responses under the premise that the distribution of outgoings is dependent on the sum of incomings.
Learn more about transaction from here:
https://brainly.com/question/24730931
#SPJ1
The pull model is also called ________ which means the production process begins with a ________ so that a company only makes the products and quantities that their customers actually want.
The pull model is also called the production model, which means the production process begins with a customer order so that a company only makes the products and quantities their customers want.
In a supply chain driven by demand instead of forecasts, distribution, production, and procurance area unit are all demand-driven. The number and period of products production area units needed.
A pull system could be a lean-producing technique to chop waste within the production method. During this reasonable system, components used within the production method area unit are solely modified once used, limiting the quantity of merchandise created to the number required to satisfy shopper demand.
As a result of the actual fact that merchandise area units are solely created once there's a solid demand from customers, this manner of producing approach is understood as a pull-provide chain operation. A drawing issue is an associate degree impetus that encourages someone to relocate to a different space or nation.
To learn more about the supply chain, visit here
https://brainly.com/question/16023650
#SPJ4
suppose that a credit card holder transfers ownership of his cell phone to his sister, who soon thereafter drops the phone in water and destroys it. even if the credit card holder has credit card-related cell phone replacement insurance, he would most likely not be able to recover the value of the phone, since he did not have a(n) interest in the phone.
Suppose that a credit card holder transfers ownership of his cell phone to his sister, who soon thereafter drops the phone in water and destroys it even if the credit card holder has credit card-related cell phone replacement insurance, he would most likely not be able to recover the value of the phone, since he did not have an insurable interest in the phone.
Convenience, credit-building, 0% financing, incentives, and affordable currency conversion are just a few of the benefits of using credit cards. Credit card drawbacks include the possibility of easy overspending, which may result in pricey debt if you don't pay it off in full, as well as damage to your credit score if you miss payments. Credit insurance, often known as payment protection insurance, is a type of insurance-linked to a particular loan or credit card account. If you are unable to pay the sum due or the installments, the protection will do so on your behalf.
It is universally accepted that when a life insurance policy is used as security for a debt, the creditor has an insurable interest in the life of the debtor. 44 There are several ways for a creditor to get money from a debtor's life insurance policy.
Learn to know more about credit cards on
https://brainly.com/question/26867415
#SPJ4
8. an airline sells 120 tickets for a flight that seats 100. each ticket is non-refundable and costs $250. the unit cost of flying a passenger (fuel, landing fees, etc.) is $110 and assumes that every flight is full. if the flight is overbooked, each person who does not get a seat is given $400 in cash. assume it is equally likely that any number of people between 91 and 120 show up for the flight. rounded to the nearest thousand, what is the average expected profit the flight will generate? $10,000 $14,000 $16,000 $22,000
The average expected profit the flight will generate = $14000
total ticket sell 120
per ticket cost $250
total earning by selling = 12*250 = $3000
unit cost of flying a passenger is $110
cost of flying for 100 passenger = $110*100 = $11,000
Let x represent the passenger count between 91 and 100.
if 91\leq x\leq 100 , therefore all passenger get the seat
hence profit of the airline is 11000 - 80×X
if 101≤X≤120 then (x-100) will not get the seat
therefore airline has to pay $400(x-100)
profit for the airline will be = 3000 - 11000 - 400(x-100)
= $12000 - $400x
Calculate the average airline profit by adding 91 to 120 and dividing by 120 to arrive at 92=1.
1÷30 (∑ (3000- 110x) + ∑ ($12000 - $400x)
after solving we get
= $14000
what is average expected profit?
The likelihood of making a profit is multiplied by the payoff's profit to determine expected profit, and the probability that specific costs will be incurred is multiplied by the cost to determine expected cost. By dividing the profit amount by the likelihood of realizing that profit, one can determine the expected profit under a probability demand distribution.
To know more about average expected profit, refer:
https://brainly.com/question/16257209
#SPJ4
there are two bonds identical in every way except for their coupons and their prices. both have 12 years maturity. the first bond has a 10 percent coupon rate and sells for $935.08. the second one has 12% coupon rate. what it would well for?
The values of the identical coupons from two bonds. Both people are 12 years of age. The first bond costs $935.08 and has a 10% coupon rate. 12% is the coupon rate for the second one. The price would be $1,064.92.
A coupon is a ticket or document that may be redeemed for a monetary discount or rebate when buying a product in marketing. Coupons are typically distributed by merchants or CPG manufacturers for use in retail stores as a part of sales promotions. They are frequently extensively distributed through the mail, coupon envelopes, magazines, newspapers, the Internet (social media, email newsletter), directly from the retailer, and mobile devices like cell phones.
According to the New York Times, each household received "more than 900 manufacturers' coupons," and the United States Department of Agriculture predicts that "four out of every five families use coupons."
Only 4% of the received coupons were actually used.
Learn more about coupon rate here
https://brainly.com/question/6959763
#SPJ4
in 2022, a taxpayer (with no employee compensation) was allocated $165,000 of self-employment income. calculate the amount of self-employment tax the taxpayer would owe.
Based on the amount the taxpayer was allocated in 2022, the amount of self-employment tax that the taxpayer would owe is $25,245
How to find the self-employment tax?The self-employment tax that a person owes is often based on three things which are their self-employment income, the social security taxes to be paid, and the Medicare taxes. This means that the self - employment taxes charged to people are often for the benefit of the less fortunate in the United States.
In the year 2022, the Social security tax for those who are self - employed is 12.4%.
The Medicare tax for those who are self - employed comes to 2.9%.
The total self - employment tax is therefore:
= 12.4% + 2.9%
= 15.3%
The amount of self-employment tax that the taxpayer would owe in 2022 is:
= 15.3 % x 165,000
= $25,245
Find out more on self-employment tax at https://brainly.com/question/19499340
#SPJ1
Which of the following is true regarding states that have adopted the reasonably foreseeable users test for accountant liability to
third parties?
The reasonably foreseeable users test holds an accountant liable to any third-party who was or should have been foreseen as a possible user of the accountant's work product and did, in fact, use and rely upon that work product for a proper business purpose.
What is accountant?By gathering, monitoring, and making necessary corrections to the company's finances, an accountant assists organisations in making important financial decisions. Financial audits, bank statement reconciliation, and ensuring that financial records are accurate all year long are under their purview.
Account analysis, auditing, and financial statement analysis are examples of professional accounting duties carried out by accountants. Accountants can work for an accounting firm, a sizable business with an internal accounting division, or they can open their own practise.
These four areas of accounting are forensic, corporate, public, and governmental. For any accounting employment, an undergraduate degree is typically a requirement, however prior master's work—especially in the accounting field—is frequently greatly encouraged.
To learn more about accountant visit:
https://brainly.com/question/14138124
#SPJ13
How is the equilibrium price of a product related to the equilibrium quantity, and how can these values be determined?.
The equilibrium price is the rate at which the quantity demanded equals the quantity provided. it's far determined by using the intersection of the demand and supply curves. A surplus exists if the amount of a great or carrier provided exceeds the quantity demanded at the modern charge; it reasons downward pressure on charge.
Demand is the quantity of a good that consumers are willing and capable of purchase at various expenses all through a given time. the connection among fee and amount call for is likewise referred to as the call for curve.
Demand curve, in economics, a photo illustration of the connection among product fee and the amount of the product demanded. it's far drawn with price at the vertical axis of the graph and amount demanded at the horizontal axis.
Learn more about demand here:https://brainly.com/question/1245771
#SPJ4
Which financial statement shows how much cash was paid for newly acquired property, plant and equipment when cash is used for part or all of the purchase?.
When cash is used for all or a portion of the transaction, the statement of cash flows shows how much was paid in cash for newly acquired property, plant, and equipment. The cash inflows and outflows for the time period covered by the statement are displayed in the statement of cash flows.
What is cash flow?cash flows shows how much was paid in cash for newly acquired property, plant, and equipment. The cash inflows and outflows for the time period covered by the statement are displayed in the statement of cash flows.Initially, the cost of purchasing equipment is not shown on the revenue statement. Instead, it is shown as a rise in the line item for fixed assets on the balance sheet.Income Statement: A cash outflow related to the purchase of equipment can be seen under Cash Flow from Investing Activities.If you pay cash for it: The following three effects occur when equipment is acquired with cash in such a situation: The balance sheet's asset value increased but the cash balance decreased. Depreciation on the income statement increased. reported in the cash flow statement's investment section.To learn more about Cash flows refer to:
https://brainly.com/question/24179665
#SPJ4
whenever the president of the local public university promotes the institution, he emphasizes the university's price (much lower than neighboring private colleges) and high quality. he is positioning the institution based primarily on
The President of the local public university is positioning the institution based primarily on the value proposition.
What is value proposition ?A value proposition is a short sentence that expresses the advantage of your product or service that you guarantee to provide for your clients. In the end, it's what draws your ideal buyer to your goods. A value proposition explains what your company does better than the competition and the benefits of working with you or purchasing your goods.
A strong value proposition satisfies three requirements:
It is particular: What particular advantages would your target customer get?It is customer-focused: How will your product alleviate their suffering or enhance their quality of life?How is it exclusive and desired at the same time? How well does it draw attention to your competitive advantage and distinguish you from rivals?To know more about, value proposition, visit :
https://brainly.com/question/3130122
#SPJ4
A ________ occurs when a speculative attack on the exchange value of a currency results in a sharp depreciation in the value of the currency or forces authorities to expend large volumes of international currency reserves and sharply increase interest rates to defend the prevailing exchange rate.
A currency crisis is described as a speculative assault on a currency's foreign exchange value that causes a severe depreciation or compels the government to sell foreign exchange reserves and hike interest rates at home to defend the currency. included in 2013's The Evidence and Impact of Financial Globalization.
How does a monetary crisis unfold?Currency crises have occurred frequently in recent history. These include a sudden and significant devaluation of a country's currency, along with erratic markets and a lack of confidence in the economy. Even though currency crises are frequently abrupt, they can occasionally be predicted.The value of each unit of currency decreases as production falls more quickly than the amount of money available. The most prevalent monetary phenomenon, inflation, is created the other way around when the money supply increases more quickly than output.The term "currency of issue" refers to the currency in which a Series of securities issue terms indicate that the issuer will pay all principal, premium (if any), and/or interest (if any) payments.The dollar's demise is still incredibly unlikely. Only the likelihood of greater inflation seems credible among the elements required to precipitate a collapse.To Learn more About currency crisis refer to:
https://brainly.com/question/25664180
#SPJ4
rtf, inc. common stock pays an annual dividend that increases by 4.4% annually. the expected rate of return on this stock is 8.2%. what is the dividend yield?
The yearly dividend paid by RTF Inc. common stock increases by 4.4% annually, and its predicted rate of return is 8.2%. Hence, the dividend yield is 3.8%.
What is a dividend yield ?The dividend yield, which is expressed as a percentage and is a financial ratio (dividend/price), shows how much a company pays in dividends each year in comparison to the price of its stock.
Price/Dividend, often known as the dividend payout ratio, is the counterpart of dividend yield.
A stock investment's projected return on dividends only is represented by the dividend yield. If the dividend is not increased or cut, the yield will rise as the price of the stock falls. In the reverse situation, it will fall as the stock price rises. Dividend yields can appear excessively high for stocks that are declining quickly because they fluctuate in relation to stock prices.
To know more about, dividend yield, visit :
https://brainly.com/question/18687546
#SPJ4
what is a characteristic of monopolistic competition? firms have equal market power many firms sell identical products firms avoid advertising many firms sell differentiated products g
different firms without changing the costs of products compete with each other
What are monopolistic firms ?
In a market with monopolistic competition, several businesses sell comparable but marginally different goods. This kind of scenario occurs between an openly competitive market and a full monopoly when assessing its levels of competition.
In a market with monopolistic competition, no one business has a complete monopoly over any rivals, and firms have some degree of influence over the pricing they set for their services. As a result, businesses can enter a market rapidly when they believe there is a chance of making money there and exit when they believe there is a smaller chance of doing so. Businesses in these sorts of marketplaces frequently make money in the near term, but making money long term may take more innovation.
to learn more about monopolistic laws click :
https://brainly.com/question/25717627
#SPJ4
The graph below shows three different normal distributions. 3 normal distributions are shown. All 3 are at different points on the axis. They all have different heights and widths. Which statement must be true? Each distribution has the same mean and the same standard deviation. Each distribution has the same mean and a different standard deviation. Each distribution has a different mean and the same standard deviation. Each distribution has a different mean and a different standard deviation. Mark this and return
Based on the normal distributions given, we can infer that the statement that is true is that Each distribution has a different mean and a different standard deviation.
What is true of normal distributions?Normal distributions can be characterized in different ways which include their mean and standard deviation. The mean of a normal distribution can be found by looking at the point in the middle of the normal distribution curve. As these curve all have different middle points, they therefore all have different means.
The standard deviation is another way to find out the characteristics of a normal distribution. It is found by looking at the spread of the normal distribution curve. We can see that the spreads of these normal distribution curves are all different because the slopes are different which means that the standard deviation is different as well.
Find out more on normal distribution at https://brainly.com/question/10924415
#SPJ1
yoko bought a desktop computer and a laptop computer. before finance charges, the laptop cost more than the desktop. she paid for the computers using two different financing plans. for the desktop the interest rate was per year, and for the laptop it was per year. the total finance charges for one year were . how much did each computer cost before finance charges?
Each computer cost before finance charges could be simply calculated by simple interest rate. If we are not very sure how they want you to calculate the finance charges, but if it's just simple interest then the answer could be find out by:
Suppose, Let D = cost of desktop
Then L = cost of laptop = D + (whatever the cost of the laptop is)
Putting the values for the cost of desktop and laptop , the cost before finance charges is easy to obtain with the specific amount of interest rate(that should be given). If the cost of the laptop is low as compared to computer desktop, we would prefer laptop.
For more related questions like this click on the link below:
https://brainly.com/question/16077541
#SPJ4
which one of the following expenses for retirees is most likely to increase? multiple choice medical expenses federal income taxes clothing expenses work-related expenses housing expenses
Medical expenses are most likely to increase for retirees.
This is because especially in their older years, healthcare is one of the major expense concerns for retirees. To begin saving and planning a budget for future healthcare costs, it is a good idea to familiarize yourself with industry statistics regarding healthcare costs above and above what is covered by Medicare parts A and B.
In total, the median retiree spent $4,311 on medical expenses, with most of that money going toward Medicare premiums. In 2022, the monthly premium for Medicare Part B, which is medical insurance, was $170.10.
What is Healthcare?
The enhancement of one's health through the prevention, diagnosis, treatment, amelioration, or cure of disease, illness, injury, and other physical and mental impairments in humans is known as healthcare. Health professionals and other allied health areas provide healthcare.
What does healthcare serve as a purpose ?
The main goal of health care is to improve health in order to improve quality of life. To maintain their valuation and continue to operate, commercial enterprises concentrate on generating financial profit. For health care to live up to its promise to society, it must prioritize generating social profit.
To learn more about Healthcare from the given link
https://brainly.com/question/27741709
#SPJ4
housing expenses are the major concern
Why are housing expenses major concern?
retirees aged 65 and above spent an average of $16,880 per year on housing alone, adding a total of $1,406.67 to their monthly expenses. The following year, 2021, saw a slight increase in housing costs for retirees.the biggest expense for most retirees is still housing. This expense category includes:Mortgage paymentsUtilitiesHomeowners association feesInsuranceProperty taxesMaintenance or repairsPaying rentThe first ten years of retirement are usually linked to higher housing costs. The younger retirees, those aged 65 to 74, spent an average of $18,027 per annum in 2020, while, for the rest of the retirees, those costs were only a little over $15K.A recent study from Harvard University shed light on why that is. The study showed that almost half of retirees aged 65 to 79 are still paying a mortgage, while that number drops to roughly a quarter for retirees 80 and up. Therefore, we can safely assume that a good portion of an average American retiree's housing expenses goes toward paying their mortgage, which is quite surprising.to know more about housing expenses follow this link
https://brainly.com/question/28436842
#SPJ14
which of the terms or phrases listed below is more associated with financial statements prepared in accordance with u.s. gaap than with international financial reporting standards?
Accumulated other comprehensive income is the terms or phrases which is more associated with financial statements prepared in accordance with U.S. GAAP than with International Financial Reporting Standards.
What's IFRS and its purpose?
The International Financial Reporting norms( IFRS) are a set of account rules for public companies with the thing of making company financial statements harmonious, transparent, and fluently similar around the world. This helps for auditing, duty purposes, and investing.
What's IFRS perpetration?Enforcing IFRS has an impact on all aspects of a company, including financial reporting systems, internal controls, levies, storeroom, operation compensation, cash operation, and legal, among others. It requires a metamorphosis that involves workers, processes, and systems.
Learn more about GAAP:
brainly.com/question/20693144
#SPJ4
question content area prior to an adjusting entry, prepaid expenses have a.not yet been recorded as expenses b.not yet been recorded as expenses and not been paid c.been incurred and not yet paid d.been recorded as expenses and paid
Although they have been paid, prepaid expenses have not yet been reported as such.
Prepaid expenses are ones that have already been paid for but have not yet been reported as such by a business. To put it another way, prepaid expenses are costs that are paid in one accounting period but won't be recorded until a subsequent accounting period. Because they will have future economic benefits and will be expensed when those benefits materialize, prepaid expenses are initially reported as assets (the matching principle).
Referring to the first instance of prepaid rent, a company's financial statements are unaffected by the initial journal entry for a prepaid expense. Prepaid rent is debited in the first journal entry and cash is credited accounting period.
Learn more about prepaid expenses here
https://brainly.com/question/15073534
#SPJ4
what is the yield to maturity of a corporate bond with a 3 year maturity, 5 percent coupon (semiannual payments), and $1000 face value if the bond sold for $978.30?
The yield to maturity rate is 5.80
the yield to maturity rate is calculated asBond price-$ 980
Face value-$1,000
Annual pasteboard rate- 5
pasteboard frequencies Annual
Times to maturity 10 times
[tex]bond\ price = \sum_{k=1}^{n} \frac{cf}{(1+r)^k}[/tex]
FV = 1000 PV = -978.30 N = 3 * 2 PMT = 50/2 I/ Y = 2.9 * 2 = 5.80
The bond price is the plutocrat an investor has to pay to acquire the bond. It can be set up on utmost fiscal data websites. The bond price of Bond A is$ 980.
Determine the face value
The face value is original to the star of the bond. For our illustration, face value = $1,000.
Determine the periodic pasteboard rate and the pasteboard frequency
In our illustration, Bond A has a pasteboard rate of 5 and an periodic frequency. This means that the bond will pay$1,000 * 5 = $ 50 as interest each time.
Determine the times to maturity
The n is the number of times from now until the bond matures. The n for Bond A is 10 times
Calculate the bond YTM
The YTM can be seen as the internal rate of return of the bond investment if the investor holds it until it matures and reinvests the pasteboard at the same interest rate. Hence, the YTM formula involves concluding the YTM r in the equation below
where
- CF- Cash overflows, i.e., tickets or the star.
- r- YTM; and
- n- Times to maturity.
For Bond A, the equation looks like For Bond A, the equation looks like:
[tex]980 = \frac{\$50}{(1+r)^1} + \frac{\$50}{(1+r)^2} + \frac{\$50}{(1+r)^3} + ... + \frac{\$50}{(1+r)^9} + \frac{\$1,050}{(1+r)^10}[/tex]
After performing the estimation, our YTM calculator gives a YTM th
After performing the estimation, our YTM calculator gives a YTM th
After performing the estimation YTM that's equal to r = 5.80.
To know more about yield to maturity visit:
brainly.com/question/20461043
#SPJ4
the global solution to the global-local dilemma refers to group of answer choices customization of products to regional but not country differences. responding to differences in the global markets in which a company operates. none of the above conducting business similarly around the world.
The global solution to the global-local dilemma refers to conducting business similarly around the world.
Multinational Corporations or MNC's are setup in different parts of different countries in order to maintain a balance in trade and also to promote the varieties in goods and services offered. MNC's face many challenges within a particular country. There is a constant demand for certain goods or services by consumers and the MNC's need to maintain enough surplus of that particular commodity in order to fulfill the needs of the people. This is called as Global-local dilemma. The services provided by them are according to the needs of people. The solution to this problem of global-local dilemma is known as Global solution which includes maintaining and providing better quality and quantity of goods and services.
Learn more about MNC's at:
brainly.com/question/19580183
#SPJ4
Complete Question:
The global solution to the global-local dilemma refers to
a. Conducting business similarly around the world.
b. Responding to differences in the global markets in which a company operates.
c. Customization of products to regional but not country differences.
d. None of the above
suppose that at tlie beginning of the year, a vermont maple syrup distributor found that the demand for maple syrup, sold at $15 a quart, was 500 quarts each month. at that time, tlie price was going up at a rate of $0.50 a month, but despite this, the demand was going up at a rate of 30 quarts a month due to increased advertising. how fast was the revenue increasing?
The revenue is increasing at the rate of $700 per month
Let the demand function as a function of time be = d(t)
Let the price function as a function of time be = p(t)
Demand for maple syrup d(t) = 500 quartz per month
The selling price of maple syrup p(t) = $15 per quartz
The rate at which demand was going up d'(t) = 30 quartz per month
The rate at which maple syrup was going up p'(t) = $0.50
Revenue function to find how fast revenue was increasing -
R(t) = p(t) × d(t)
Differentiating the equation -
R'(t) = p(t)d' + p'(t)d(t)
Putting the values -
R'(t) = (15)(30) + (0.50)(500)
R'(t) = 450 + 250
R'(t) = 700
The revenue is increasing at the rate of $700 per month
Read more about revenue on:
https://brainly.com/question/25623677
#SPJ4
coral company issues 6,000 shares of its $5 par value common stock having a fair value of $25 per share and 9,000 shares of its $15 par value preferred stock having a fair value of $20 per share for a lump sum of $297,000. what are the proceeds allocated to the common stock?
Coral company issues 6,000 shares of its $5 par value common stock having a fair value of $25 per share and 9,000 shares of its $15 par value preferred stock having a fair value of $20 per share for a lump sum of $297,000.
=[(6,000 × $25) ÷ [(6,000 × $25) + (9,000 × $20)]] × $288,000
= $130,909.
Shares, also known as stocks, are securities that represent partial ownership of the issuing company. A unit of stock is called a "share" and allows the holder to receive a portion of the company's assets and profits equal to the number of shares held.
Shares represent ownership of the listed company. When you buy stock in a company, you become a joint owner of that company. For example, if a company owns 100,000 shares of him and he buys 1,000 of them, he owns 1% of the company. Equity means a share of ownership in a company. An example stock is 100 shares of Disney Corporation.
Learn more about stock here
https://brainly.com/question/26128641
#SPJ4
