Which of the following is an example of a variable cost?
A.
Hourly labor
B.
Interest on a loan
C.
Insurance
D.
Rent for an office

Answers

Answer 1

Answer:

A is the correct answer

Explanation:

Wages paid to workers for their regular hours are a fixed cost. Any extra time they spend on the job is a variable cost.


Related Questions

What does a ""u"" stand for on a credit report? what does it mean? is it concerning? does a ""u"" appear on john’s report?.

Answers

The “U” for your credit score file stands for “unclassified,” which means that the account hadn't been updated on the time the record was pulled. it is certainly one of many repute codes that could seem subsequent to an account on your credit report.

An unclassified document has in no way contained categorized records. Declassified files originally contained categorized records that changed into either eliminated or redacted, or the facts changed into decided to no longer require protection beneath E.O. 13526, rendering the file unclassified.

An unclassified misdemeanor is the name given to a misdemeanor crime that does not fall into a specific class of misdemeanor offenses, including a class B misdemeanor or a misdemeanor inside the 2nd diploma.

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Answer:

Means unclassified, that the report hasn't been updated, or if the account is new. It's not concerning. And there is no "U" on John's report.

Explanation:

That's what I put as my answer for the class, hope it helps :)

what does beworks do and how is it different from typical consulting firm? please visit beworks website. what is behavioral economics? although we covered this in class, do your own research to provide details on behavioral economics.

Answers

The study of how people's economic decisions affect market prices, returns, and resource allocation is known as behavioral economics.

What is be works' function?

We comprehend human behavior and alter it for the better.

Using science, we reveal the unseen factors that influence everyday behavior and develop innovative solutions to today's issues and foresee the challenges of tomorrow.

What is the work of behavioral economists?

Based on psychology and market research, behavioral economic consultants work to comprehend their clients' requirements and create individual business plans and solutions. You can choose to work as a consultant in a specialized field, such as education or health care, and either work for yourself or for a private company.

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Why do competitive markets move toward equilibrium?

Answers

Markets tend toward equilibrium because when a shortage exists, consumers who are unhappy about not being able to purchase the products or services they want will tend to bid the prices higher, moving the market toward equilibrium.

which profit-oriented pricing objective is common in many firms because the targets can be set and performance measured quickly? multiple choice question. unit volume maximization target return managing for long-run profits maximizing current profit

Answers

Profitability pricing targets, which establish a connection between the advantages offered by a certain activity or thing and the expenditure of money or other resources, include those that aim to maximize profits or achieve a target return on investment.

For a business, profitability has three different goals. usually expressed in terms of ROI or ROA

long-term management of profitability

increasing gains already made

Target Reviewer

When knowledge and skill are combined, high-quality products can be created and eventually succeed in competitive markets.

Contrary to its development cost, the price of commodities is comparatively low. However, the government anticipates eventually making more money since it has a substantial market position in a corporation.

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the two important accounting issues related to self-constructed assets are multiple choice question. interest charges and date placed in service. historical cost and useful life. allocation of overhead and depreciation rates. interest charges and allocation of overhead.

Answers

The allocation of overhead and the management of interest costs are the two crucial accounting concerns pertaining to self-constructed assets.

The distribution of indirect expenses to manufactured commodities is known as overhead allocation. The regulations of several accounting frameworks mandate it. The overhead allocation method may be significant in many firms where the quantity of overhead to be allocated is significantly more than the direct cost of goods.

Examples include office utilities and rent, administrative pay, marketing expenses, general liability insurance, and many more. G&A helps you take on and bill work; yet, despite variations in your job development and labor, they are, in one sense, rather consistent.

Typically, interest costs are added to the profit and loss statement. However, such interest expenditure (borrowing cost) should be capitalized to cost of the underlying asset if specific conditions stated for capitalization as per AS 16 Borrowing Costs are met.

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under what circumstances would a firm be more likely to buy the required number of bonds in the open market as opposed to using one of the other procedures? when interest rates are higher than they were when the bonds were issued g when interest rates are lower than they were when the bonds were issued

Answers

When interest rates are lower than they were when the bonds were issued a circumstance would a firm be more likely to buy the required number of bonds in the open market as opposed to using one of the other procedures. The correct option is B.

What is the goal of open market operations?

Open market operations are designed to alter the reserve balances of American banks and bring about reactionary adjustments to the current interest rates. The Fed can expand the money supply in the US by purchasing securities.

Bond prices fluctuate between increases and decreases on the open market. OMOs, therefore, have an impact on bond pricing. Bond prices and interest rates have a negative relationship. 1 Therefore, open-market purchases lower interest rates while open-market sales raise them.

Thus, the ideal selection is option B.

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coldpoint is a home appliance manufacturer. the company purchases a certain component for their products. southern electronics and electrotech are two companies that make the component, and their products and services are equal, so the component will be bought based solely on cost. both companies offer a discount policy based on order quantity. however, these two companies post different price schedules. for southern electronics, if the order quantity is less than 500 units, the price is $0.60 per unit; if the quantity is 500 or more but less than 1000, the unit price is $0.58; any quantity 1000 units or over has a unit price of $0.56. electrotech offers the same quantity range and prices. however, the discount rare applies only to the excess amount ordered. that is, if the order quantity is 500 units, the first 499 units cost $0.60 and the 500th unit cost $0.58. if 1000 units are ordered, the first 499 units cost $0.60 and the next 500 [500, 999] cost $0.58. any unit beyond the 1000th costs $0.56. the company estimates the cost of placing an order to be $20, and the uniform annual demand for this subcomponent is 800 units. inventory carrying cost is estimated to be 20 percent annually. a) plot the cost curve for southern electronics b) compute the minimum cost order quantity for southern electronics. c) plot the cost curve for electro tech d) compute the minimum cost order quantity for electro tech

Answers

The average cost per unit is greater than in the case of incremental discounts and equivalent to the all-units discount. discounts for all units. As before, our goal is to identify Q so that the average annual total cost is minimized.

Total cost is an economic metric that includes both the initial cash outlay and the opportunity cost of the decision-makers' options when calculating the costs incurred to produce a good, buy an investment, or acquire a piece of equipment. Depending on the subject matter, this phrase has a slightly different connotation.

It measures all fixed, variable, and overhead costs related to manufacturing a good, for instance, when defining production costs. Business owners and executives need to understand this key idea.

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several years ago, bill smith borrowed $125,000 to buy his house. he has a 15 year, monthly payment mortgage with an interest rate of 8.75 percent per annum. bill is thinking about refinancing his house so he would like to know the payoff on his current loan. assuming that he just made payment number 120, compute the payoff on bill's loan.

Answers

Bill pays off his debt for 69046.79. Bill Smith acquired his home with a $125,000 loan several years ago. He has a monthly mortgage payment for 15 years with an interest rate of 8.75 percent.

Loan Amount (PV) = $125,000

Period (NPER) = 15 years, per month = 15 * 12 = 18

interest rate = 8.75%, monthly = 8.75 / 12 = 0.7292%

Total payment = 109

To determine Bill's loan payment, we must first find the monthly mortgage payment for the loan using the PMT function in Excel, then use the PV function to determine the payment.

PV -125,000

NPER 180

Interest rate 0.7292%

Monthly payment 1,249.31

Remaining NPER 71

Current value 69046.79

Bill's loan payment will therefore be 69046.79

A percentage of the principal or amount borrowed is what the lender charges the borrower as interest. The annual percentage rate, or APR, is an interest rate, the usual unit used to express the interest rate on a loan (APR).

The amount earned in a savings account or certificate of deposit at a bank or credit union may also be subject to interest rates (CDs). Interest on these bank accounts is calculated as an annual percentage rate (APY).

The borrower is essentially charged interest for the use of the asset. Cash, consumer goods, vehicles, and real estate are examples of loaned mortgage payment assets. As a result, the interest rate can be seen as the "cost of money" because it increases the cost of borrowing the same amount of money.

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g identify which offering process is typically used for treasury debt securities? group of answer choices a. brokered b. competitive c. direct listing d. negotiated

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Competitive (Auction) is a government-identified offering method that is commonly utilized for treasury debt securities.

What are treasury debt securities?

United States Treasury securities, often known as Treasuries or Treasury, are government debt instruments issued by the United States Department of Treasury to fund government expenditure rather than taxation.

Treasury bills, Treasury notes, Treasury bonds, and Treasury Inflation-Protected Securities are the four forms of marketable Treasury securities. The government auctions off these securities through the Federal Reserve Bank of New York, after which they can be sold in secondary markets.

Treasury securities are backed by the full confidence and credit of the United States, which implies that the government guarantees to repay them using any legally possible methods. Despite the fact that the United States is a sovereign authority with no recourse, its track record of repayment has earned Treasury securities a reputation as one of the world's lowest-risk investments. Treasuries have a unique niche in the financial system because of their low risk, where they are utilized as cash equivalents by institutions, businesses, and affluent investors.

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vandelay industries employs chemical and manufacturing experts who are among the best in the world at developing and producing products that contain latex. vandelay industries is highly efficient and outperforms its competitors which results in a(n) over its competition.

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Vandelay industries is highly efficient and outperforms its competitors which results in a(n) competitive advantage over its competition.

What is competitive advantage?

Competitive advantage refers to a situation where a company is able to produce goods more efficiently than its competitors and as a result, outperforms them and has more growth prospects than them.

Vandeley Industries is able to engage in the production of chemical and manufacturing goods in a highly efficient manner that is better than their competitors so this is competitive advantage.

In conclusion, Vandeley Industries has a competitive advantage.

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the process of getting ideas by asking for input from a large group of people, especially online communities, rather than getting them from employees is referred to as .

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The process of getting ideas by asking for input from a large group of people, especially online communities, rather than getting them from employees is referred to as crowdsourcing.

Define crowdsourcing.

Crowdsourcing is the process of collecting work, knowledge, or opinions from a sizable number of people who submit their information online, on social media, or through mobile app. Some participants in crowdsourcing carry out modest chores freely, while others occasionally work as paid freelancers.

The process of turning to a group of people to gather necessary information, products, or services is known as crowdsourcing. It entails gathering input via the Internet, social media, and mobile apps from a sizable group of individuals who submit their work, information, or thoughts. Some participants in crowdsourcing carry out modest chores freely, while others occasionally work as paid freelancers.

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A ______ is a form of intellectual property that gives exclusive rights granted by a sovereign state to an inventor or assignee for a limited period of years in exchange for detailed public disclosure of an invention.

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A patent is a form of intellectual property that gives exclusive rights granted by a sovereign state to an inventor or assignee for a limited period of years in exchange for detailed public disclosure of an invention.

What is a patent?

A patent is a type of intellectual property that gives the owner of one product or creation the legal right to exclude others from using, making,  or selling an invention. Patent rights fall under private law. The patent holder can sue someone who infringing the patent in order to enforce their rights. There are three types of patents, they are design patents, utility patents,  and plant patents.

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television commercials for halo laundry detergent are aired several times a day, on various cable networks, throughout the year. advertisers of halo believe that this will serve as a constant reminder of the brand to the consumers. media planners of halo are likely to be using a(n) scheduling method.

Answers

Media planners of halo are likely to be using a continuity scheduling method.

What is continuity marketing?

A way of offering consumers products or services that focuses on direct marketing and lasts forever is known as continuity marketing. This relationship, also known as auto-replenishment, lasts until the client notifies the marketer that they no longer want it. The basic idea is that a buyer places an initial order, either online or through a mail order offer. This original product typically has a steep discount and serves as a loss leader. A further shipment will be sent to the customer within the specified time frame. After that, further supplies would keep coming at regular intervals. The marketer will make the decision on the client's behalf based on the customer's prior selections if the customer has not specified the specific product they wish to acquire.

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a characteristic feature of a prestige demand curve is that as price is lowered, the curve turns back to the left toward its initial level. why is this so?

Answers

The reason why the curve turns back to the left toward its initial level was : because of the decrease in demand.

What is demand curve?

Demand curve can be defined as the curve that help to show the  price of product in the market and the quantity that was demand at a specific period of time.

With prestige product the  demand for the product  tend to increases as the price increases and demand as well decreases as the  price of the product decreases which is why the demand curve  is like  backward (ↄ) .

Therefore the reason is due to the decrease in demand.

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With low wages and strict controls on speed and productivity, how do barbadian pink-collar workers in the informatics industry express their agency?.

Answers

Despite low wages and strict speed and production rules, Barb-adian "pink-collar" workers in the informatics sector demonstrate their agency through choices in attire and haircuts.

What do workers stand for?

Employees represent brands when they interact with clients and customers, whether in person or, as is more likely at the moment. People will represent the brand and convey its message more effectively if they see their roles as extensions of the business.

What does it entail to speak for a business?

A company's representative is an organization's organ or a person with the authority to act in the company's name before courts and other authorities, as well as to acquire rights and enter into agreements that are legally binding on the company.

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Martina has decided to structure her new business venture to provide liability protection while gaining tax benefits over alternative structures. Her attorney has prepared the operating agreement and advised her of the complexities and expense of setting up this structure. Which of the basic types of ownership has martina​ chosen?.

Answers

Martina has chosen a limited liability company (LLC) as her business structure. This type of business entity provides liability protection for the owners while also offering tax benefits over alternative business structures.

What is tax?
A tax is a mandatory financial charge or other type of levy imposed by a governmental organisation on a taxpayer (an person or a legal entity) in order to fund government expenditure and various public spendings (regional, local, or national), and taxation refers to national policies and personal behavior aimed at ensuring that taxpayers pay the correct amount of tax at the correct time and receive the correct tax allowances and income reliefs. The first known taxation occurred in Ancient Egypt between 3000 and 2800 BC. Failure to pay on time (non-compliance), as well as evasion or resistance to taxes, is illegal and punishable by law. Taxes can be direct or indirect, and they can be paid in cash or in labour equivalents.

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paltrowski company issued 1 million shares of no-par common stock with a stated value of $2. the issue price was $54 per share. which journal entry is prepared?

Answers

The journal entry that is prepared is debit Cash $50 million, credit Common Stock $2 million, and credit Paid in Capital in Excess of Stated Value Common $48 million.

What is the balance sheet?

The balance sheet contains the stockholder's equity. It is said to be the sum of the company's remaining assets after all obligations have been paid. Common share and retained earnings balances are included in shareholder equity.

Debit Cash = $54 million,

Credit Common Stock = $2 million,

Credit Paid-in Capital in Excess of Stated Value (Common) = $52 million.

So, the journal entry will be

Debit Cash $50 million, credit Common Stock $2 million, and credit Paid in Capital Exceeding Par Common $48 million.

The issue price divided by the number of shares equals market value. Market value is equal to $50 divided by one million, which equals $50 million.

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The complete question is:

"Paltrowski Company issued 1 million shares of no par common stock with a stated value of $2 per share. The issue price was $50 per share.

Which journal entry is prepared?

A. debit Cash $50 million, credit Common Stock $2 million and credit Paid in Capital in Excess of Par Common $48 million

B. debit Cash $50 million, credit Common Stock $2 million and credit Paid in Capital in Excess of Stated Value Common $48 million

C. debit Cash $50 million and credit Common Stock $50 million

D. debit Cash $50 million and credit Retained Earnings $50 million"

because of the rise of social media, public relations practitioners must listen to facilitate conversations between organizations and their constituents. start using strategic planning tools. rely more on formal opinion leaders. use more news releases to sell products and services.

Answers

A public relations specialist is in charge of developing and carrying out a PR plan, assisting a company or person to build a positive reputation using a variety of earned media and formats, such as the press, social media, and in-person interactions.

Though it may have benefits for individuals, it also has drawbacks that render it ineffectual. For instance, if learners utilise these tools in real life or in circumstances where they are unable to aid, they may become confused and overwhelmed.

Social media and strategic financing are the two sorts of corporate strategies that have a direct impact on the environment.Social media is utilised to advertise the products and services of the business. It raises awareness among the general public.Strategic financing, on the other hand, refers to long-term planning, or where the company intends to be in the near future.

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10. juan foods pays off a long-term debt in full. which one of the following statements describes the effect of the transaction on juan foods? current ratio increases; total debt to equity ratio decreases current ratio decreases; total debt to equity ratio decreases current ratio decreases; total debt to equity ratio increases current ratio increases; total debt to equity ratio increases

Answers

The statement that best describes the effect of the transaction on Juan foods is total debt to equity ratio declines as current ratio declines.

Elaborate about liquidity ratio.

The current ratio, also known as the liquidity ratio, assesses a company's ability to pay off short-term debts or those due within a year. It explains to investors and analysts how a company can use its current assets to the greatest extent possible to pay down its current liabilities and other payables.

The debt to equity ratio is calculated by dividing a corporation's total liabilities by its shareholders' equity. The DE Ratio is defined as Total Liabilities / Shareholder Equity. Liabilities: Every one of the company's liabilities are regarded here.. If Juan foods pays away its long- term debt completely, the bucks falls, therefore current assets might also increase, but current obligations won't decrease, hence recent ratio will decrease.

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you manage an equity fund with an expected risk premium of 13% and a standard deviation of 44%. the rate on treasury bills is 6.6%. your client chooses to invest $90,000 of her portfolio in your equity fund and $60,000 in a t-bill money market fund. what is the reward-to-volatility (sharpe) ratio for the equity fund? (round your answer to 4 decimal places.)

Answers

If your client chooses to invest $90,000 of her portfolio in your equity fund and $60,000 in a t-bill money market fund.  The reward-to-volatility (sharpe) ratio for the equity fund is: 0.2954.

Reward-to-volatility (sharpe) ratio

Using this formula to determine the reward-to-volatility (sharpe) ratio for the equity fund

Reward-to-volatility (sharpe) ratio = Portfolio risk premium / Standard Deviation

Where:

Portfolio risk premium = 13%

Standard Deviation = 44%

Let plug in the formula

Reward-to-volatility (sharpe) ratio = 13% / 44%

Reward-to-volatility (sharpe) ratio  = 0.2954

Therefore we can conclude that 0.2954 is the sharpe ratio.

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since 1984, foreign holders of eurobonds are exempt from blank tax withheld from interest payments, making it more feasible for u.s corporations to sell eurobonds directly to borrowers. multiple choice question. capital interest income property

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Since 1984, foreign holders of Eurobonds are exempt from income tax, withheld from interest payments, making it more feasible for u.s corporations to sell eurobonds directly to borrowers.

A financial instrument known as a "Eurobond" is one that is issued on a market or in a nation where the native currency is not used. By the currency they are denominated in, such as eurodollar or euroyen bonds, eurobonds are widely categorised. Eurobonds are frequently referred to as foreign bonds because they are offered in a different currency. Eurobonds are significant because they enable businesses to raise cash while providing the option to issuing them in different currencies. Eurobonds are typically issued on behalf of the borrower by a global syndicate of financial institutions, one of which may underwrite the bond and therefore guarantee the sale of the entire issuance.

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if the united states raised its tariff on tires, then at the original exchange rate there would be a a. surplus in the market for foreign-currency exchange, so the real exchange rate would appreciate. b. shortage in the market for foreign-currency exchange, so the real exchange rate would depreciate. c. shortage in the market for foreign-currency exchange, so the real exchange rate would appreciate. d. surplus in the market for foreign-currency exchange, so the real exchange rate would depreciate.

Answers

The cost of a country's goods and services rises as its exchange rate rises compared to that of another. Costs for imports decrease. In the long run, this can result in a decline in exports and an increase in imports.

The value of one currency will increase as the exchange rate changes, while the value of the other currency will decrease. A currency is considered to have appreciated when its value rises. Conversely, a currency is said to have depreciated when its value falls.

Tariffs increase the cost of imports, which importers frequently pass through to consumers through increased prices and inflationary pressure.

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The multiplier is 5​ and, as a result of a change in​ expenditure, equilibrium expenditure and real gdp change by​ $200 billion. What was the initial change in autonomous​ expenditure?.

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Autonomous expenditures are those portions of an economy's total spending that are unaffected by that economy's actual level of revenue. This type of expense is seen as automatic and required both at the public and private levels.

Explain about the autonomous expenditure?

Simply put, autonomous expenditures are those that must be made regardless of income. When income is at zero, it is the amount that a person or the government must spend in order to survive.

Autonomous expenditures are those that are unaffected by the real level of revenue in the economy. The majority of external factors that affect autonomous spending include trade policy, political unpredictability, interest rates, etc.

Because of the multiplier effect, a change in autonomous expenditure will result in a considerably bigger overall change in real GDP. That expenditure's final effect on real GDP will be far more significant.

Hence the initial change in autonomous expenditure is $40

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small firms generally have relatively high loadings (high betas) on the smb (small minus big) factor. a. explain why this is not surprising. b. now suppose two unrelated small firms merge. each will be operated as an independent unit of the merged company. would you expect the stock market behavior of the merged firm to differ from that of a portfolio of the two previously independent firms? c. how does the merger affect market capitalization? d. what is the prediction of the fama-french model for the risk premium on the merged firm compared to the weighted average of the two component companies? e. do we see here a problem in applying the ff model?

Answers

In a Fama-French regression, a positive SMB coefficient is frequently read as indicating a portfolio that is skewed toward small-cap companies.

We exhibit a relatively sizable portfolio with an overall positive SMB coefficient.

Why is little less than big significant?

According to the Fama/French stock pricing model, small businesses outperform big businesses over the long run (SMB). Another component of the model that states that value equities typically beat growth firms is high minus low (HML).

SMB beta: What does it mean?

The size effect known as Small Minus Big (SMB) is based on a company's market capitalization. The historic advantage of small-cap enterprises over large-cap companies is measured by SMB. SMB may be recognized, and linear regression can be used to calculate its beta coefficient ().

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Marketers use data to determine that they want to create messages that appeal to a younger target market. This is part of an overall.

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Marketers use data to determine that they want to create messages that appeal to a younger target market this is part of an overall is a promotional strategy.

What is a promotional strategy?

the component of a company's navigation worried about picking the most proper blend of publicizing, deals advancement, individual selling and exposure for correspondence with its objective market.

What is a promotional strategy example?

Kinds of limited time procedures incorporate customary and web-based publicizing, individual selling, direct showcasing, advertising and sponsorships and deals advancements.

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on september 1, your calendar year company rents a machine to another firm for $24,000 a year. as of december 31, $17,000 has been received and recorded in rent revenue. what adjusting entry do you record at year-end?

Answers

Annual rent revenue = $24,000

Rent revenue for 4 months from September to December = 24,000 x 4/12

                                                                                                = $8,000

Rent revenue has been credited by $15,000. Thus, adjusting the entry on December 31 will be as under:

Journal

Dec. 31 Rent revenue 7,000  

        Unearned rent revenue   7,000

Revenue is the total quantity of financial gain generated by the sale smarts|of products} or services concerning the company's primary operations. Revenue, additionally referred to as gross sales, is usually named because the "top line" as a result of it sits at the highest of the income statement. When examining revenue vs income you must recognize that “revenue” refers to the entire amount of cash an organization generates before removing any expenses.“Income”, on the opposite hand, is up to revenues minus the prices of doing business, equivalent to depreciation, interest, taxes, and other expenses. Revenue and profit are each good signs for your business, but they're not interchangeable terms. each represents a very important thanks to perceive your business. Revenue describes income generated through business operations, whereas profit describes lucre when deducting expenses from earnings.

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If a neoclassical model shows increasing wages in the economy over the long run, what else will likely occur?.

Answers

Inflationary increase in price level.

The rate at which prices increase over a specific time period is known as inflation. Inflation is often measured in broad terms, such as the general rise in prices or the rise in a nation's cost of living.

What constitutes neoclassical's central idea?According to neoclassical theory, a firm's level of investment should only be determined by the perceived investment opportunities it perceives as indicated by the firm's marginal Tobin's q, where marginal Tobin's q is equal to the difference between the value of the investment opportunity and the required investment's cost.The rate at which prices increase over a specific time period is known as inflation. Inflation is often measured in broad terms, such as the general rise in prices or the rise in a nation's cost of living.Neoclassical economics was first described in 1900. 1 Neoclassical economics contend that maximizing personal pleasure is a consumer's top priority. As a result, they base their purchasing choices on their assessments of a product's utility.

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what is the purchase price (present value) of a car if you make equal annual payments of $6,000 over 4 years compounded annually at 9%, rounded to the nearest $1?

Answers

The car costs $19438.32, so the current price is 19,438.32. However, if you make annual payments, you must pay interest at a compounded rate of 9%.

How Does Compound Interest Work?

The interest on savings that is calculated based on both the initial principal and the interest that has accumulated over previous periods is called compound interest.

It is believed that Italy in the 17th century invented "interest on interest," also known as the power of compound interest. It will grow a sum more quickly than simple interest, which only takes into account the principal.

Money grows rapidly through compounding, and the greater the number of periods of compounding, the greater the compound interest.

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july 1 beginning inventory 30 units at $60 5 purchases 180 units at $56 14 sale 120 units 21 purchases 90 units at $58 30 sale 84 units assuming that a perpetual inventory system is used, what is ending inventory (rounded) under the average-cost method for july?

Answers

$5508 is ending inventory (rounded) under the average-cost method for July. The cost of goods sold is the amount of sales that the company incurred as a result of the sold products.

The cost of goods sold is the amount of sales that the company incurred as a result of the sold products. This is used to calculate gross profit, which is calculated as sales minus cost of goods sold.

The average cost method determines the cost of inventory items by dividing the total cost of goods purchased or produced in a period by the total number of items purchased or produced. The weighted-average method is another name for the average cost method.

$5508 is ending inventory (rounded) under the average-cost method for July.

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which element of the promotion mix refers to the set of nonpersonal communication tools designed to stimulate quicker and more frequent purchases of a product?

Answers

Sales promotion refers to the set of non personal communication tools designed to stimulate quicker and more frequent purchases of a product.

What is promotion mix ?

To maximize promotional efforts and reach a larger audience, marketers create a promotion mix, which is a collection of various marketing strategies. The duty of the marketer is to determine the ideal promotion mix for a specific brand.

It takes marketing expertise and experience to create a promotion mix. To create a successful promotion mix, marketers must conduct numerous studies and gather a ton of information on a specific brand.

The significance of a promotion mix :

increases the efficiency of advertising campaignssegments the audience and enhances client communicationsubscribers are informedunique among the group

What Makes Up a Promotion Mix?

Direct selling and advertisingpromotion of salesPublic relations

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