Answer:
E=mc2
Explanation:
Ed is a freelance writer who could work for a newspaper for a salary of $25,000 a year but instead works for himself for $41,000 a year. His only business expenses are $1,000 for writing materials and $12,000 for rent. Ed's normal profit is $1,000. What is the total opportunity cost incurred by Ed in running his own business?
Answer:
$38,000
Explanation:
Opportunity cost is the benefit forgone for choosing another alternative by the individual.
In this case, the total opportunity cost incurred by Ed in running his own business is the cost that is needed to maintain the business and the opportunity to attain a salary of $25,000 for working for a newspaper. Calculation is as follows:
Business Expenses + Rent + Salary (not availed) = Opportunity cost
1,000 + 12,000 + 25,000 = $38,000
Hence, the opportunity cost for running his own business is $38,000.
You have just begun a new job as a bank teller at Santa's Elf Bank. Your supervisor asks you what the difference is between reserves and excess reserves in terms of banking. You want to impress your supervisor, so you recall what you learned in your economics course in order to form your response. What is the difference between reserves and excess reserves in terms of banking
Answer:
Excess reserves refer to the reserves that the banks have beyond the legally required reserve amounts. Reserves are the funds banks keep on hand to meet Federal Reserve requirements.
Explanation:
The financial institutions are the institutes comprising of the economic transactions and maintaining the surplus and deficit in the economy. It is the intermediate banking institution that lends and deposits the money to the customers and from the customers.
The difference between the reserves and the excess reserves:
Bank reserves are termed as the left amount of the cash that is kept by the bank to cover the situation of unexpected demand of the cash in the institute. The excess reserves are the amount of additional cash that has been kept with the bank in hand and declines to loan out as the amount is declared as the bank's cash in hand.
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Suppose that the monthly jobs report published the entire adult population of the state as follows: 25 million people employed, 3 million people unemployed, 1 million discouraged workers, and 1 million people who are either students, homemakers, retirees, or other people not seeking employment. What is the labor-force participation rate?
Answer: 93.3%
Explanation:
The labor force participation rate is the labor force of a country divided by its total adult population.
The labor force is defined as those working or actively looking for work.
Labor force participation rate = (Employed + Unemployed) / Employed + Unemployed + Discouraged + others not seeking employment)
= (25,000,000 + 3,000,000) / (25,000,000 + 3,000,000 + 1,000,000 + 1,000,000)
= 93.3%
Global Corporation had 58,000 shares of $20 par value common stock outstanding on July 1. Later that day the board of directors declared a 20% stock dividend when the market value of each share was $28. The entry to record the dividend declaration is:_______.
Answer:
Jul-01
Dr Retained Earnings $324,800
Cr Common stock dividend distributable $232,000
Cr Paid-in capital in excess of par value - Common stock 92,800
Explanation:
Preparation of the journal entry to record the dividend declaration is:
Jul-01
Dr Retained Earnings $324,800
(58,000 shares x 20% x $28)
Cr Common stock dividend distributable $232,000
(58,000 shares x 20% x $20)
Cr Paid-in capital in excess of par value - Common stock 92,800
(58,000 shares x 20% x $8)
When adopting strategies for entering a new market, many firms follow a(n) approach that may morph and become _____ over time.
Answer:
More risky
Explanation:
If U.S. immigration consists of mainly low-skilled workers, then an increase in immigration __________ the wages of low-skilled workers.a. will increaseb. will reducec. may increase or reduced. will not affect
Answer:
Option B: will reduce
Explanation:
Immigration is simply movement from one country to another with the intention of staying. Immigrant are coming into the US yearly .
If U.S. immigration consists of mainly low-skilled workers, then an increase in immigration reduce the wages of low-skilled workers as they are too much and wages will have to fall.
if you guess the number im thinking of illl give you 100 points
Answer:
49 is my guess!!!!!!!!
Help! It's due in a couple hours!!!
the latin term,caveat emptor, meaning let the buyer aware,
How is this term important to suppliers and businesses?
Answer:
Caveat emptor is a Latin term that means "let the buyer beware." Similar to the phrase "sold as is," this term means that the buyer assumes the risk that a product may fail to meet expectations or have defects.
Explanation:
Answer:
Yes i think it tells the buyer to be careful of what you buy cause you might not like it.
Explanation:
I hope this helps mark me brainliest
A company purchased property for $100,000. The property included a building, a parking lot, and land. The building was appraised at $62,000; the land at $35,000, and the parking lot at $18,000. Land should be recorded in the accounting records with an allocated cost of:________.a) $0.b) $30,435.c) $35,000.d) $46,087.e) $100,000.
Answer:
The correct option is b) $30,435.
Explanation:
In accounting, property acquisition cost of a group of assets is allocated based on the ratio of the appraisal value of each asset to the sum of the appraisal values of all the assets concerned.
The following are given in the question:
Property acquisition cost = $100,000
Building appraisal value = $62,000
Land appraisal value = $35,000
Parking lot appraisal value = $18,000
Therefore, we have:
Total appraisal value = Building appraisal value + Land appraisal value + Parking lot appraisal value = $62,000 + $35,000 + $18,000 = $115,000
Cost allocated to land = (Land appraisal value / Total appraisal value) * Property acquisition cost = ($35,000 / $115,000) * $100,000 = 0.304347826086957 * $100,000 = $30,435
Therefore, Land should be recorded in the accounting records with an allocated cost of $30,435.
If Cost of Goods Sold is $300,000, beginning inventory is $29,000, and ending inventory is $30,000, then the purchases from suppliers (assume all on account) would be:_______. A. $59.000 B. $301,000 C. $359,000 D. $299,000
Answer:
B. $301,000
Explanation:
The computation of the purchased from suppliers is shown below:
As we know that
Cost of good sold = Opening Inventory + Purchase - Closing Inventory
$300,000 = $29,000 + Purchases - $30,000
Purchases = $300,000 + $30,000 - $29,000
= $301,000
Hence, the purchased from suppliers is $301,000
Therefore the correct option is b.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
The yield to maturity (YTM) for a premium bond is _____ its coupon rate.
A. greater than B. equal to C. less than
Splendid Occasions received $2,970 for services to be performed for the next 8 months on March 31 and recorded this transaction using the Unearned Revenue account.
If Splendid Occasions had recorded their service revenue using the other method, how much service revenue would they have recorded for the year?Sweet Catering completed the following selected transactions during May 2016:
May 1: Prepaid rent for three months, $2,400
May 5: Received and paid electricity bill, $60
May 9: Received cash for meals served to customers, $2,530
May 14: Paid cash for kitchen equipment, $2,920
May 23: Served a banquet on account, $2,810
May 31: Made the adjusting entry for rent (from May 1)
May 31: Accrued salary expense, $2,670
May 31: Recorded depreciation for May on kitchen equipment, $380If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May?If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May?
Answer:
If Splendid Occasions had recorded their service revenue using the other method, how much service revenue would they have recorded for the year?
Ans: $2,970
The ''other method'' in question is the Cash method which recognizes revenue when cash is paid unlike the Accrual method that recognizes it when earned.
Using the Cash method the Service Revenue would be $2,970 because the cash has been received for it.
If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May?
= Cash revenues - Cash expense
= Received cash for meals served to customers - Prepaid rent for three months - Received and paid electricity bill
= 2,530 - 2400 - 60
= $70
If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May?
= Revenue - Expense
= Served a banquet on account + Received cash for meals served to customers - Rent - Electricity - Accrued salary expense - depreciation
= 2,810 + 2,530 - (2,400/3) - 60 - 2,670 - 380
= $1,430
Cash spent on Equipment is not expense but capital expenditure.
People invest in the stock market because
Answer:
they provide the highest potential returns
Explanation:
Answer:
it makes them money and if the economy went down the stock will go up so they can sell bitcoins. its an investing program
Explanation:
You've graduated from college and are now working in an investment firm where you advise clients on investment decisions. Here is the information on the proposed project.
Up-front cost: $100,000
Next year's revenue: $15,000
Real interest rate: 7%
Depreciation rate: 3%
What is the present value of the stream of payments from this project?
A. $500,000
B. $85,000
C. $115,000
D. $150,000
Answer:
B. $85,000
Explanation:
The client should not invest in the project as the income stream is low and the NPV of the project will be negative. The client should not invest in a project whose net present value is negative which means its total cost is greater than the total revenue that will be generated from the project.
Which closing best expresses a desire to satisfy the customer and signals confidence that the problem has been resolved? a. We appreciate that you let us know about your unfortunate situation. We hope you agree that we demonstrated how much we consider customers our No.1 priority. We can't give you cash for your defective bag, but you can exchange it for an item of equal or lesser value at any retailer that carries the Yuma brand. b. Thanks again for writing. Your satisfaction is our utmost goal. We hope that the new bag will help you get over your disappointment and the inconvenience of buying a defective product. As I said before, such flaws are extremely rare. c. Please take the defective gym bag to any retailer carrying our brand to exchange it for a new hard-wearing Yuma bag.
Answer:
The closing that best expresses a desire to satisfy the customer and signals confidence that the problem has been resolved is:
b. Thanks again for writing. Your satisfaction is our utmost goal. We hope that the new bag will help you get over your disappointment and the inconvenience of buying a defective product. As I said before, such flaws are extremely rare.
Explanation:
The closing of 'a' in this case sounds unbusinesslike, to say the least. It is very much unlike the closing of 'b' which is very apt. The customer should never be made to appear to be at fault for patronizing our products. The customer's satisfaction should be the utmost guide for maintaining correct customer services. Trying to attribute a product's fault to a customer is totally wrong and sounds unprofessional. Finally, option 'c' lacks basic customer service courtesy as it appears to be a command directed to the customer.
In an open economy, what is the source of demand in the foreign-currency exchange market?
A. National saving
B. Net exports
C. Net capital outflow
D. Imports
Answer:
Option b:Net Exports
Explanation:
open economy is an economy that
has a relationship or an interaction freely with other economies around the world. It is the movement of capital into and out of a country/market.
The maintenance department of a large hospital uses about 816 cases of liquid cleanser annually. Ordering costs are $12 and carrying costs are $4 per case. The new price schedule is as follows: Quantity Unit Cost 1-49 $20 ' 50-79 $18 ~ 80-99 $17 .3 100 or more $16 Determine the optimal order quantity and the total cost.
Answer:
/
Explanation:
On October 1, Hawking Corp. had 40,000 shares of $2 par value common stock outstanding before it declared a 2-for-1 stock split. At that time, its stock was selling for $50 per share.1. After the split, how many shares of common stock are outstanding and what is their par value per share?2. After the split, the number of shares outstanding is per share is _______ and the par value per share is ______.
Answer:
1. After the split, how many shares of common stock are outstanding and what is their par value per share?
40,000 stocks outstanding x 2 = 80,000 stocks outstanding after the stock split
par value of each stock = $2 / 2 = $1
Aren't both questions the same?
2. After the split, the number of shares outstanding is 80,000 and the par value per share is $1.
Explanation:
When a stock split happens, the total number of outstanding stock is just multiplied by the stock split factor, in this case it was 2, but other times it might be 4 or 7 (like Apple stock). You just multiply total outstanding stock by the split number. On the other hand, par value is calculated by dividing the current par value by the split number.
Assume an indifference map with other goods on the vertical axis and health on the horizontal axis. The government provides families with $400 vouchers that can be redeemed for healthcare services at any hospital, public or private. The budget line for a family that avails this voucher scheme will:_________.A. be negatively sloped.B. be positively sloped up to $400 and then have a zero slope.C. have a zero slope up to $400 and then have a negative slope.
Answer:
C. have a zero slope up to $400 and then have a negative slope.
Explanation:
Here in the attached diagram
H denotes the individual income
H = Services of the healthcare
G = Other goods
As it can be seen that the ABC is the budget line and the budget line is horizontal till $400 i.e. zero slope and afterwards it would be downward sloping i.e. negative slope
In the case when the income is fully spend on the other goods so an individual after that can consume $400 due to which the budget line could be horizontal and become parallel to the axis
Therefore the correct option is C.
Looking outside the organization to examine what industry competitors and excellent performers outside of your industry are doing in a particular process is called: _____________a) Industrial espionage b) Unethical c) External benchmarking d) Hiring an outside expert e) Reverse engineering
Answer:
C) External benchmarking
Explanation:
This is seen to be a form of examining certain areas away from a company sector. Naturally, benchmarking is seen to posses four parts which include internal, external, practice and lastly performance. The discussed type is seen to be carried out after the internal is been done. It is usually done as a form of examination or test in many cases against another or other standards which the same rivals are seen to have in the same market. This test is also seen to produce factful finding in developing and adding value to a firm and whatsoever dealings they are proposed to embark on in a lot of scenarios.
Given: Initial Cost, P = $50,000 Salvage Value at the end of 5 years, S = $10,000. Depreciable Life. N = 5 Years Determine the depreciation in year 4 using the UOP method. Year Projected production units Actual production units1 4500 50002 5000 40003 3500 30004 5500 50005 6500 Not known Total 25000 A. $5, 600 B. $8,000 C. $4,000 D. $3, 200 If the equipment is sold at the end of year 4 for $30,000, what is the depreciation recapture on this equipment? A. $8, 400 B. $5, 600 C. $7, 200 D. $4,000
Answer:
1. B. $8,000
2. C. $7,200
Explanation:
Units or production (UOP) method of depreciation bases the depreciation expense of a machine or equipment on how much it is actually used during the period.
depreciable value = $50,000 - $10,000 = $40,000
depreciation rate per unit = $40,000 / 25,000 = $1.60
Year Projected Production units Actual Production units
1 4,500 5,000
2 5,000 4,000
3 3,500 3,000
4 5,500 5,000
5 6,500 Not known
Total 25,000
depreciation expense year 4 = $1.60 x 5,000 = $8,000
accumulated depreciation year 4 = $1.60 x 17,000 = $27,200
book value = $50,000 - $27,200 = $22,800
if sold at $30,000, gain resulting from sale = $30,000 - $22,800 = $7,200
Holt Fasner is considering purchasing the stock of United Mining Companies, which he plans to hold indefinitely. United Mining just paid an annual dividend of $2.00 and the price of the stock is $45 per share. The earnings and dividends of the company are expected to grow forever at a rate of 6 percent per year. What annual rate of return does Holt expect on his investment?
Answer:
10.71%
Explanation:
Calculation for annual rate of return that Holt expect on his investment
Using this formula
Annual rate of return=(D1/Current price)+Growth rate
Annual rate of return=(2*1.06/45)+(0.06)
Annual rate of return=2.12/45+(0.06)
Annual rate of return=0.0471+0.06
Annual rate of return=0.1071*100
Annual rate of return=10.71%
Therefore the annual rate of return that Holt expect on his investment will be 10.71%
Listening well is an important skill that falls under what skill category?
A. Communication skills
B. Organizational skills
C. Friendliness
D. Interpersonal skills
SUBMIT
Answer:
a.
Explanation:
Listening well is an important skill that falls under that falls under the category of communication skills. Therefore, the option A holds true.
What is the significance of communication skills?Communication skills of an individual can be referred to or considered as the skills through he or she is able to interact with person(s), and build a healthy conversation. It involves talking to people on a daily basis through the regular course of life-events.
Not only being able to talk, but being able to listen in a good way, is equally essential for the purpose of understanding and interpreting the views and opinions described by the other person who is a part of the communication.
Therefore, the option A holds true and states regarding the significance of communication skills.
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On January 1, 2020, Levy Company issues 100 x 5% bonds with a face value of $1500, The bonds mature on December 31, 2030 and pay interest semi-annually. What is the amount of Cash raised for the Levy Company?
Answer:
$150,000
Explanation:
Calculation for the amount of Cash raised for the Levy Company
Using this formula
Cash raised for Levy Company = Number of Bonds * Face value of the Bond
Let plug in the formula
Cash raised for Levy Company = 100 * $1,500
Cash raised for Levy Company = $150,000
Therefore the amount of Cash raised for the Levy Company will be $150,000
Peterson Soft Drink Corp. imports fruit flavors for use in its products. The company pays $0.86 per pound on every shipment. Which type of tariff does the company pay?
Answer: specific tariff
Explanation:
A Specific tariff is form of tariff that is fixed per physical unit of a particular commodity that is being exported or imported into a country.
Since we are informed that Peterson Soft Drink Corp. imports fruit flavors for use in its products and that the company pays $0.86 per pound on every shipment. This us refered to as specific tax. Tax helps in generating revenue to the government.
A company decided to finance the purchase of truck. The loan agreement requires quarterly payments of $850/each for 3 years. The interest rate on the loan is 8%. No amount was due in cash at the time of signing and the first payment of $850 is due three months (one quarter) after the signing date. How much did the truck cost?
Answer:
The cost of the truck is:
$10,200
Explanation:
a) Data and Calculations:
Quarterly payments = $850
Rate of interest on the loan = 8%
Annual payments = $3,400 ($850*4)
Payments for the three years' duration = $10,200 ($3,400*3)
b) The truck cost of $10,200 includes the interest at 8% of the loan borrowed. This finance charge is capitalized as part of the cost at which the truck will be reported in the accounting records of the company.
Which questions should someone ask when deciding whether to lease or buy a car? Check all that apply.
Will I use it more than the allowed lease mileage?
Will my family like the car?
How long do I want the car?
How much do I want to spend?
How much do I like the car’s options?
The necessary questions to ask oneself when deciding whether to lease or buy a car includes:
will I use it more than the allowed lease mileage?how long do I want the car?how much do I want to spend?Why is the question important?This question is important because it will allow the person to assess and decide on the best option between leasing a car or buying it.
Therefore, the Option A, C and D is correct.
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Effective business communication includes__
thinking before acting
using formal language with acronyms
anticipating questions from the audience
avoiding clichés
Answer:
thinking before acting,
avoiding clichés ,
using formal language with acronyms
Explanation:
The market price of a semi-annual pay bond is $975.71. It has 18.00 years to maturity and a coupon rate of 6.00%. Par value is $1,000. What is the effective annual yield?
Answer:
the effective annual yield is 12.34 %.
Explanation:
The effective annual yield is the interest rate that will make the coupons and par value equal the market price of the Bonds. It is also known as the Yield to Maturity (YTM).
This is calculated using the Time Value of Money Technique as follows :
PV = - $975.71
PMT = ($1,000 × 6.00%) ÷ 2 = $60
N = 18.00 × 2 = 36.00
P/YR = 2
FV = $1,000
YTM = ?
Using a Financial calculator to input the data as above, the effective annual yield is 12.34 %.
Jim has a choice between two jobs. Job A would pay him $15 an hour with certainty, and the job B is commission based where he could earn $12, with a 50% probability and $18 with a 50% probability. Which job would he choose? a. Neither of the jobs b. Job A c. Job B d. He would choose to exit the labor market
Answer:
b. Job A
Explanation:
The calculation of choosing the job is given below;
Expected payoff for Job B is
= 0.50 × $12 + 0.50 × $18
= $6 + $9
= $15
And,
The Payoff from job A is $15 with certainty
Now we assume that Jim would be a risk-averse person that selects the thing i.e. sure
So he should choose Job A only
Hence, the correct option is b.
