Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. She might want to open a
a) motel.
b) bed and breakfast.
c) hotel.
d) resort.
Answer:
b) bed and breakfast.
Explanation:
A bed and breakfast is actually a type of lodging which offers overnight accommodation and breakfast for its customers. They are not usually a public establishment and do not require much rooms as they typically have about four to six rooms.
Therefore, because Cynthia is a hospitality worker that works in the lodging industry, and also likes to cater to a small group of people, she would likely open a bed and breakfast.
Answer:
bed and breakfast.
Explanation:
edge 2022
The follow passage describes how a catalytic converter in a car works. The catalytic converter mostly likely was developed in response to?
A) the demand for more energy-efficient cars
B) the demand for increased car engine power
C) a need for lower-priced cars
D) a need to reduce air pollution
Answer:
Its A
Explanation:
Its A
Answer:
A
Explanation:
I did this before
Assume that Saudi Arabia has production possibilities to produce either 100 barrels of oil using 100 worker hours or 25 bushels of corn using 100 worker hours. If it decides to produce 60 barrels of oil, how many bushels of corn can it produce
Answer: 10 bushels
Explanation:
If they produce 100 barrels of oil using 100 worker hours, it means that the number of work hours taken for 1 barrel is:
= 100 / 100
= 1 work hour
For bushels however, 1 worker hour produces:
= 25 / 100
= 0.25 bushels of corn
If 60 barrels of oil are produced, it means 60 worker hours were used which would leave 40 worker hours.
Bushels of corn produced is therefore:
= 40 * 0.25
= 10 bushels
Which of these companies is demonstrating a first-mover advantage? The level of satisfaction Simon experienced when dining at the Tasty Cafe was highest the first time butreducedeach time he dined there. The first 50 people who respond to the tweet sent out by Hal’s Hamburgers receive a $5 coupon they can use on their next order. Innovative Creations Inc. was the first to exit the declining pager phone manufacturing industry and as a result, it avoided losinga lot of money. Jenna has been asked to review the mascara she bought from AllWell Beauty. Her feedback will help the company improve the product. Tide-All Inc. has more than 50 percent market share in the telecom industry, because no other company has invested in thisindustry before Tide-All Inc.
Answer:
Tide-All Inc. has more than 50 percent market share in the telecom industry, because no other company has invested in thisindustry before Tide-All Inc.
Explanation:
In marketing, first-mover advantage can be regarded as competitive advantage which is gained by initial significant occupant of particular segment of the market. first-mover advantage can also be regarded as ability of a firm to be better off compare with it's competitors due to the fact that it is the first to market new product category. For instance, Tide-All Inc. has more than 50 percent market share in the telecom industry, because no other company has invested in thisindustry before Tide-All Inc.
S Company reported net income for 2021 in the amount of $460,000. The company's financial statements also included the following: Increase in accounts receivable $ 83,000 Decrease in inventory 66,000 Increase in accounts payable 270,000 Depreciation expense 101,000 Gain on sale of land 142,000 What is net cash provided by operating activities under the indirect method
Answer:
$672,000
Explanation:
Net income
$460,000
Less:
Increase in accounts receivable
($83,000)
Add:
Decrease in inventory
$66,000
Add:
Increase in accounts payable
$270,000
Add:
Depreciation expense
$101,000
Less:
Gain on sale of land
($142,000)
Net cash
$672,000
Therefore, the net cash provided by operating activities under the indirect method is $672,000
A maker of computer games expects to sell games at a price of per game. These units cost to produce. Selling, general, and administrative expenses are million and depreciation is . What is the EBIT break-even point for the number of games sold in this case?
Answer:
$33,684 units
Explanation:
Calculation to determine the EBIT break-even point for the number of games sold in this case
Using this formula
Units sold=(Selling, general, and administrative expenses+Depreciation)/(Price per game-Units cost)
Let plug in the formula
Units sold=($1,000,000+$280,000)/($48-$10)
Units sold = $1,280,000 / $38
Units sold= $33,684 units
Therefore the EBIT break-even point for the number of games sold in this case will be $33,684 units
Who creates supply in a capitalist society?
O the seller
O the buyer
O the president
O government
Answer:
President
Explanation:
The president because they are the ones protecting the country
On January 1, 2024, an investor paid $315,000 for bonds with a face amount of $380,000. The stated rate of interest is 8% while the current market rate of interest is 10%. Using the effective interest method, how much interest income is recognized by the investor in 2024 (assume annual interest payments and amortization)
Answer:
$31,500
Explanation:
Calculation to determine how much interest income is recognized by the investor in 2024
Using this formula
Interest income=Amount paid by investor*market rate of interest
Let plug in the formula
Interest income=$315,000 × 10%
Interest income=$31,500
Therefore Using the effective interest method, how much interest income is recognized by the investor in 2024 is $31,500
On January 1, 2019, Cullumber Company had $1,000,000 of common stock outstanding that was issued at par. It also had retained earnings of $740,000. The company issued 35,000 shares of common stock at par on July 1 and earned net income of $390,000 for the year.
Required:
Journalize the declaration of a 14% stock dividend on December 10, 2020, for the following independent assumptions.
a. Par value is $10, and market price is $18.
b. Par value is $5, and market price is $20.
Answer:
a. Par value is $10, and market price is $19. b. Par value is $5, and market price is $20.
Explanation:
The Tinslow Co. has 125,000 shares of stock outstanding at a market price of $93 a share. The company has just announced a 5-for-3 stock split. How many shares of stock will be outstanding after the split
Answer:
Total shares outstanding = 208,333 units
Explanation:
A stock split occurs where a company increases the the total unit of its existing shares by dividing them . It does this to achieve a cheaper nominal price of per unit of share without increasing the total nominal value
Total shares outstanding = 5/3× 125,000= 208,333.
Total shares outstanding = 208,333 units
Rick Co. had 35 million shares of $1 par common stock outstanding at January 1, 2021. In October 2021, Rick Co.'s Board of Directors declared and distributed a 1% common stock dividend when the market value of its common stock was $69 per share. In recording this transaction, Rick would:
Answer:
None of the choices are correct
Explanation:
We use the par value of stock to determine the dividend instead of the market value of stock.
Dividend Calculation :
Dividend = 35,000,000 shares x $1 x 1%
= $350,000
Journal :
Debit : Dividend $350,000
Credit : Cash $350,000
Suppose you compete in a Cournot oligopoly market consisting of six firms. The equilibrium market price and quantity are $5 and 10 units, respectively. The marginal cost for each firm is $3. Based on this information, we know the price elasticity of the market demand is:
Answer:
-0.417
Explanation:
Lerner Index in case of Cournot Oligopoly: LI = [-1 / nEd = P - MC/P]. Ed = Elasticity of demand, n = Number of times
-1 / nEd = P - MC/P
-1/6Ed = 5 - 3 / 5
-1/6Ed = 2/5
Ed = -1/6*5/2
Ed = -5/12
Ed = -0.41666666
Ed = -0.417
So, the price elasticity of the market demand is -0.417
Consider two perfectly negatively correlated risky securities A and B. A has an expected rate of return of 10% and a standard deviation of 16%. B has an expected rate of return of 8% and a standard deviation of 12%. The risk-free portfolio that can be formed with the two securities will earn a(n) _____ rate of return.
The discount rate used to calculate the net present value of a capital budgeting project should be: a. The risk-free rate. b. The weighted average cost of capital. c. LIBOR. d. The internal rate of return.
Answer:
B
Explanation:
Capital budgeting is the determination of the profitability of proposed investments
One of the capital budgeting methods is the net present value
Net present value is the present value of after-tax cash flows from an investment less the amount invested.
the Weighted cost of capital is used to determine NPV
WACC = weight of equity x cost of equity + weight of debt x cost of debt x (1 - tax rate)
It is the minimum rate of return a company expects from a project
Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested. It is a captial budgeting method
Determine the net income of a company for which the following information is available for the month of July. Employee salaries expense $ 182,000 Interest expense 12,000 Rent expense 22,000 Consulting revenue 408,000
Answer:
I don't know thish question
Imagine that a certain uncle or your whom you don't often see, takes a special interest in your education and sometimes sends you money. write him a letter giving him news of your academic work
Explanation:
Dear uncle,
First of all I would like to thank you for all the attention you have given to my education, it is clear that your financial contribution has helped me a lot to achieve my academic goals, but I am proud to have in my family a person like you, who considers the education an opportunity for life and future change for me and the country.
So I come to bring you news about my college that I am sure will make you happy! In this semester I wrote a scientific article on environmental management that was highly praised by my professors and colleagues, and made me receive an invitation to present at a management and technology congress at a renowned college in the region. This topic is very relevant today and I am happy to be a disseminator of such a relevant subject.
Just as you have given me an opportunity to have a better future through studies, I will endeavor to disseminate relevant information that relates management and environmental sustainability as tools for promoting environmental responsibility in organizations, so that in the future companies will not only be profitable, be instruments that protect the environment and guarantee the quality of life of future generations.
With love,
your dear niece
In the current year, she sold her interest in Activity D for a $10,000 gain. Activity D, which had been profitable until last year, had a current loss of $1,500. Answer the following questions to determine how the sale of Activity D affects Sarah's taxable income in the current year. a. The amount of suspended losses carried forward to the year of the sale is $fill in the blank 1 20,000 . b. What amount of the suspended losses is allocated to Activity D
Answer:
a. -$20,000
b. -$2,000
Explanation:
a. The amount of suspended losses carried forward to the year:
= 30,000 + (-30,000) + (-15,000) + (-5,000)
= -$20,000
b. Suspended losses allocated to Activity D:
First find the total amount of losses:
= -30,000 - 15,000 - 5,000
= -$50,000
Activity B accounted for -$5,000 of this loss.
Suspended losses to be allocated to D would therefore be:
= -5,000 / - 50,000 * -20,000
= -$2,000
Concord Corporation reported the following information for 2016: October November December Budgeted sales $430000 $400000 $510000 Budgeted purchases $210000 $226000 $258000 Cost of goods sold is 35% of sales. Concord purchases and pays for merchandise 60% in the month of acquisition and 40% in the following month. Accounts payable is used only for inventory acquisitions. How much is the budgeted balance for Accounts Payable at October 31, 2016? $84000 $126000 $216000 $90400
Answer:
a. $84,000
Explanation:
Given, credit purchases are 40% of the sales, will be collected in the following month
Credit purchase = Budgeted purchase * 40%
Credit purchase = $210,000 * 40%
Credit purchase = $84,000
So, the budgeted balance for Accounts Payable at October 31, 2016 is $84,000.
Yasmin Co. can further process Product B to produce Product C. Product B is currently selling for $33 per pound and costs $29 per pound to produce. Product C would sell for $56 per pound and would require an additional cost of $24 per pound to produce. What is the differential cost of producing Product C
Answer:
Differential cost Product C= $24 per pound
Explanation:
Giving the following information:
Product C would sell for $56 per pound and would require an additional cost of $24 per pound to produce.
The first cost of product B will remain constant whether Product C is made or not. Therefore, it is not an incremental cost.
Differential cost= incremental cost
Differential cost Product C= $24 per pound
Which of these are considered both short- and long-term investments? Select four options.
CDs
stocks
savings accounts
mutual funds
bonds
commodities
Edge answers please
Answer:
CDs
Stocks
Mutual funds
Commodities
Explanation:
:)
'Investments' are defined as the 'process of allocating money having an aim of receiving a profit.'
The items that can be considered as both the short, as well as, long-term investments would be:
A). CDs
B). Stocks
C). Mutual funds
E). Commodities
A CD or Certificate of Deposit(CD) is characterized as both the 'short, as well as, long-term' investment because it provides interest and offers a lump-sum on its maturity. Stocks are also such an investment as it offers both intra-day trade and long-term holding options as well. Mutual funds are also a good option for generating both regular incomes in the short-term and big capital gain over a time period. Commodities like gold, crude oil, etc. also offer such an option as it is the item whose price keeps growing and thereby providing an opportunity to earn.Thus, options A, B, C, and E are the correct answers.
Learn more about 'short-term investment' here:
brainly.com/question/16462918
Leola just finished high school. She would like to earn a bachelor’s degree so she can get a job in Manufacturing. For which careers would Leola most likely need a bachelor’s degree?
a)Industrial Engineer and Technician and Production Clerk
b)Production Worker and Repair Technician
c)Purchasing Agent and Product Safety Engineer
d)Filling Machine Operator and Occupational Health and Safety Specialist
Answer:
B
Explanation:
Answer:
C
Explanation:
If the Market Equilibrium Wage Rate is $105.00 and FC = $1500.00: A. The firm Shuts Down and hires no workers and loses $1500.00 B. The firm hires 45 workers and earns a $1200.00 Economic Profit C. The firm hires 55 workers earns a $975.00 Economic Profit D. The firm hires 40 workers and earns a $1200.00 Economic Profit
Answer: B. The firm hires 45 workers and earns a $1,200.00 Economic Profit
Explanation:
If the Market Equilibrium rate is $105 then the company should hire 45 workers as shown in the table.
If they did that, revenue would be $7,425
Expenses would be wages and fixed costs:
= Wages + fixed costs
= (45 workers * wage rate) + 1,500
= (45 * 105) + 1,500
= $6,225
Economic profit would be:
= 7,425 - 6,225
= $1,200
Questions 1. Do you think Harvard was right in inviting Chelsea Manning to become a Visiting Fellow? Why or why not?
Answer:
no i dont becuase she a spy
Explanation:
A repair shop orders gears from a supplier. The demand is 100,000 gears per year. There is a $1,000 charge for placing an order. The company has an inventory carrying cost equal to 20% of the cost of the inventory. The supplier has offered the following price discounts based on the quantity placed for each order. What order quantity will minimize the repair shop's total cost
Answer:
7,071 gears
Explanation:
As the cost of inventory has not been provided, hence I assumed the cost of one unit of Inventory is $20
The Economic order quantity will minimize the total costs
Use the following formula to calculate the Economic Order Quantity
Economic Order Quantity = [tex]\sqrt{\frac{2DS}{H} }[/tex]
Where
D = Demand = 100,000 gears
S = Cost per order = $1,000
H = Carrying cost per gear = $20 x 20% = $4
Placing values in the formula
Economic Order Quantity = [tex]\sqrt{\frac{2 X 100,000 X 1,000}{4} }[/tex]
Economic Order Quantity = 7,071 gears
A bond discount must be amortized using the effective-interest method if it yields annual amounts that are materially different than the straight-line method. be amortized using the straight-line method if it yields annual amounts that are materially different than the effective-interest method. always be amortized using straight-line amortization. always be amortized using the effective-interest method.
Answer:
A bond discount must:
always be amortized using the effective-interest method.
Explanation:
The effective interest method is the accepted accounting standard used to amortize bond discounts. It is also preferred by investors and analysts who want to determine the actual interest earned on the bonds. It is more logical than the straight-line method. Therefore, it must always be used, except for the simplicity offered by the straight-line method.
3. At the beginning of trading on April 20, an open-end mutual fund with 7,000 shares outstanding owned 4,000 shares of Allstate and 6,000 shares of The Hartford. During the day, an investor bought 150 shares of the mutual fund. The fund manager bought 140 shares of Allstate with the proceeds from the sale of the mutual fund shares. At the end of trading on April 20, Allstate was selling for $125.10 and The Hartford was selling for $68.35. What was the mutual fund's net asset value (NAV) at the end of trading on April 20
Answer:
$129.79
Explanation:
Assets of mutual funds
Shares of Allstate = Total Shares * Selling Price
Shares of Allstate = [4000 + 140] * $125.10
Shares of Allstate = $517,914.
Shares of Hartford = Total Shares * Selling Price
Shares of Hartford = 6000 * $68.35
Shares of Hartford = $410,100.
Net Asset Value = Shares of Allstate + Shares of Hartford
Net Asset Value = $517,914 + $410,100
Net Asset Value = $928,014
Numbers of shares outstanding = 7,000 + 150
Numbers of shares outstanding = 7,150
Net Asset Value per Share = Net Asset Value / Numbers of shares outstanding
Net Asset Value per Share = $928,014/7,150
Net Asset Value per Share = $129.79
So, the mutual fund's net asset value (NAV) at the end of trading on April 20 is $129.79.
Flint Corporation issues $440,000 of 9% bonds, due in 9 years, with interest payable semiannually. At the time of issue, the market rate for such bonds is 10%. Click here to view factor tables. Compute the issue price of the bonds
Answer:
$414,282.91
Explanation:
The issue price of the bonds is also known as the Present Value (PV) or current price of the Bonds and is calculated as :
FV = $440,000
PMT = ($440,000 x 9%) ÷ 2 = $19,800
P/yr = 2
N = 9 x 2 = 18
I/yr = 10%
PV = ?
Using a Financial calculator to input the values as above, the PV or issue price will be $414,282.91
On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows:
ACCOUNT Land ACCOUNT NO.
Balance
Date Item Debit Credit Debit Credit
Jan. 1 Balance 868,000
Mar. 12 Purchased for cash 104,300 972,300
Oct. 4 Sold for $95,550 63,840 908,460
Answer and Explanation:
The items that should be reported on the cash flow statement is shown below;
On March 12 Purchase of fixed assets - investing activity - deducted - $104,300
On Oct 4 Sale of fixed assets - investing activity - added - $63,840
Gain on sale of fixed assets - operating activities - deducted - $31,710 ($95,550 - $63,840)
Desiree Company's financial statements included the following amounts for the current year: Retired preferred stock $60,000 Loaned cash to key supplier 17,000 Dividends paid 23,000 Sold used delivery truck 44,000 Issued new bonds 71,000 Based on this information, what is the amount of net cash flows from financing activities
Answer:
$12,000 net outflow
Explanation:
Cash flows from financing activities
Particulars Amount
Retired preferred stock $(60,000)
Dividends paid $(23,000)
Issued new bonds $71,000
Cash flows from financing activities $(12,000)
So, the amount of net cash flows from financing activities is $12,000 net outflow.
Note: Loaned cash to key supplier 17,000 and Sold used delivery truck 44,000 are not part of cash flow from financing activities
For convenience, pricing objectives can be divided into three categories. They are a. refundable, competitive, and attainable b. perceived, actual, and unique-situational c. differentiated, niche, and undifferentiated d. profit oriented, sales oriented, and status quo e. monopolistic, fixed, and variable
Answer:
d. profit oriented, sales oriented, and status quo
Explanation:
Pricing objectives are the philosophies that guides a business in setting prices of products and services for its customers.
Pricing objective is affected by marketing strategy, financial, and product goals.
For easy classification pricing objectives can be classified into profit oriented, sales oriented, and status quo.
Profit oriented objective is driven by the need for the business to turnover a profit. Sales volume may not be a priority so far the price means profit is generated.
Sales oriented objective is concerned mainly with sales volume of the product.
While status quo reflects the normal pricing of the product in the given market.
