A weaker Yuan against the US dollar makes Chinese exports cheaper, increases demand, and makes US exports to China more expensive, thereby reducing the demand for US exports.
What is international trade?International trade is the global exchange of goods and services among countries of the world, involving the use of the foreign exchange.
The three types of international trade are:
Export TradeImport TradeEntrepot Trade.Thus, by manipulating the Yuan, the Chinese government ensures that it has a more competitive advantage over the United States in international trade.
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Which of the following is not included in the heading of a cover letter?
a.
Applicant’s contact information
b.
Date
c.
Employers contact information
d.
Salutation
Answer:
d. Salutation
Explanation:
A salutation is not typically included in the heading of a cover letter. The heading of a cover letter typically includes the applicant's contact information, the date, and the employer's contact information.
Answer:
C
Explanation:
By agreeing to the Statement of Understanding, the consumer
By agreeing to the Statement of Understanding, the consumer acknowledges that they clearly understand that they are enrolling in a plan, combined with knowing the specific plan in which they are enrolling.
What is a Statement of Understanding?Applicants and foster parents who sign a statement of understanding indicate that they have read, comprehend, and agree to abide by all laws, rules, and regulations that belong to the running of residential care.
The complete question is attached-
This ensures that the consumer is aware of the enrollment in a plan and activities associated with the plan and respective actions. It reflects that they have all the information related to the deal.
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what is effectiveness in customer service?
Answer:
the helping of the emmployee in where something is or to reach something or to get something from the back
Explanation:
Scobie Company began 2016 with a retained earnings balance of $142,400. During an examination of its accounting records on December 31, 2016, Scobie found it had made the following material errors, for both financial reporting and income tax reporting, during 2015.
1. Depreciation expense of $15,000 inadvertently had been recorded twice for the same machine.
2. No accrual had been made at year-end for interest; therefore, interest expense had been understated by $4,000.
Scobie’s net income after taxes during 2016 was $60,000. The company has been subject to a 30% income tax rate for the past several years. It declared and paid dividends of $13,000 during 2016.
Required:
1. Prepare whatever journal entries in 2016 are necessary to correct Scobie’s books for its previous errors. Make your corrections directly to the Retained Earnings account.
The total retained earnings on 31st December 2016 is $197,100. The journal entry are attached below.
What is Retained Earnings?Retained earning is basically the profits of the company which is kept aside to meet the future requirement of the company. It the amount which is left over after deducting all cost such as direct cost, indirect cost, income taxes and dividend.
The retained earning is used in the future projects or for buying the equipment for the company.
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.
Can you have 2 jobs like .. can you work 1 full-time and 1 part-time at the same time?
Answer:
Yes
Explanation:
my answer has to be 20 characters long lol. but yes you can
what is a karst scenery
Answer:
Karst is a type of landscape where the dissolving of the bedrock has created sinkholes, sinking streams, caves, springs, and other characteristic features. Karst is associated with soluble rock types such as limestone, marble, and gypsum.
Jacinda Herschel wants to buy a car and determines she can afford to pay $365.15 a month for a 4-year loan. The rate on her loan would be 4.65%. How much can Jacinda borrow?
Jacinda Herschel wants to buy a car this amount $15965.57 can borrow.
What is loan?
An amount of money borrowed by a person or business from a business, financial institution, or government is known as a loan.
Jacinda Herschel monthly saving (M) = $365.15
Term = 4 years loan
Interest rate = 4.65% or 0.0465
Number of months (n) = 4 years x 12
Calculation of number of month is = 48
Monthly interest rate (r) = 0.0465/12 = 0.003875
Loan amount formula as = [tex]M/r [1-(1 + r)^{-n}[/tex]
= [tex]$365.15/0.003875 [1-(1 + 0.003875)^{-48}[/tex]
[tex]= $365.15/0.003875 x (1-(1.003875)^{-48})[/tex]
= $365.15/0.003875 x [1 – 0.83057208775233]
= $365.15/0.003875 (0.16942791224767)
= $15965.57
As a result, $15965.57 is correct.
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Vaughn Manufacturing began the year with retained earnings of $114000. During 2022, the company issued $84500 of common stock for cash. The company recorded revenues of $735000, expenses of $647000, and paid dividends of $36000. What was Vaughn's net income for the year 2022?
$136500
$172500
$88000
$52000
If the company recorded revenues of $735000, expenses of $647000. Vaughn's net income for the year 2022 is: c. $88,000.
Net incomeUsing this formula
Net income=Revenues - Expenses
Let plug in the formula
Net income=$735,000-$647,000
Net income=$88,000
Therefore the correct option is c. $88,000.
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Which of the following statements is true with respect to a company's control
environment? (Check all that apply.)
A. One of the greatest control strengths is the dishonesty of
employees; one of the greatest control weaknesses is the honesty
of employees.
B. Management should assign authority and responsibility for goals
and objectives to departments and individuals and hold them
accountable for achieving them.
C. An involved board of directors represents shareholders and
provides an independent review of management that acts as a
check and balance on their actions.
4
D. An overly complex or unclear organizational structure is not an
indication of possible serious problems in an organization.
Submit
Answer:
b
Explanation:
The main objective of an organisation is to achieve organisation goal.For the organisation goal to be achieved,the organisation must have passed through the objectives of management which are planning,organising,controlling and controlling.A good proper planning by an organisation is to give thier employee thier role in achieving organisation goal,control the staffs when needed, when things needs to be controlled.lack of planning might lead to the failure of the organisation goal.
Prepare the necessary general journal entries for the month of October for Crane Retail for each situation given below. Crane uses a perpetual inventory system. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.)
Oct. 5 Paid cash of $10,332 for operating expenses that were incurred and properly recorded in the previous period.
9 Purchased merchandise for $18,000 on account. Credit terms: 3/10, n/30.
12 Paid a freight bill of $90 for merchandise purchased on October 9.
17 Paid for merchandise purchased on October 9. The company takes all discounts to which it is entitled.
20 Sold merchandise for $6,560 to Rattles Distribution on account. The cost of the merchandise sold was $2,624. Credit terms: 2/10, n/30.
26 Issued a credit memo to Rattles Distribution for $246 for merchandise returned from the sale on October 20. The cost of the merchandise returned was $148.
The necessary journal entries for October month are attached below in the image :
What do you mean by journal entries?All company transactions are documented in journal entries. Generally speaking, a transaction is any financial activity that has an effect on a business.
All the necessary journal entries are attached below:
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Windsor, Inc. uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows: Units Per unit price Total Balance, 1/1/2022 260 $4.00 $1040 Purchase, 1/15/2022 130 ..4.60 598 Purchase, 1/28/2022 130 ..4.70 611 An end of the month (1/31/2022) inventory showed that 210 units were on hand. If the company uses FIFO and sells the units for $9 each, what is the gross profit for the month? $1890 $1270 $1520 $2790
Based on the cost of the inventory to Windsor Inc, and the FIFO method, the gross profit for the month is C. $1,520
What is Windsor's gross profit?FIFO means that the earlier goods are sold first.
210 units were left on hand which means that none of the Purchase on the 28th of January was sold.
The 15th Janaury purchase sold:
= 130 - (210 - 130)
= 50 units
The sales revenue is therefore:
= (260 + 50) x 9
= $2,790
The cost is:
= (260 x 4) + (50 x 4.60)
= $1,270
Gross profit is:
= 2,790 - 1,270
= $1,520
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A clothing store asserts that 60% of its customers pay by credit. On a particular day, 35 customers purchased items at the store. a. What is the mean and standard deviation of the binomial distribution? b.What is the probability that half (18 or more) of the customers paid by credit? c. What is the probability that 30 or more paid by credit? d.What is the probability that less than 12 paid by credit? e. What is the probability that 12 to 30 paid by credit?
Based on the percentage of customers that pay by credit and the number of customers that purchased, the following are true:
Mean = 21; Standard deviation = 2.89830.85080.00090.00090.9982What are the standard deviation and mean?Mean is:
= 35 x 60%
= 21
Standard deviation:
= √(35 x 0.6 x (1-0.6)
= 2.8983
What are the probabilities for the clothing store?Probability that half of customers paid by credit:
First, find the z value to use the Standard Normal Cumulative Probability table:
= (18 - 21) / 2.8983
= -1.04
= 1 - P(z < -1.04)
= 1 - 0.1492
= 0.8508
Probability that 30 or more paid by credit:
= (30 - 21) / 2.8983
= 3.11
= 1 - P (z < 3.11)
= 1 - 0.9991
= 0.0009
Probability that less than 12 paid by credit:
= (12 - 21) / 2.8983
= -3.11
= P (z ≤ -3.11)
= 0.0009
Probability that 12 to 30 paid by credit:
= P (12 ≤ x ≤ 30)
= P (-3.11 ≤ z ≤ 3.11)
= 0.9991 - 0.0009
= 0.9982
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Which of the following is true regarding a market value adjusted annuity?
Answer:
A tool used by an annuity issuer to reduce its exposure to interest rate risk
1. For each case, determine the maximum quantity of money generated in the
economy after all rounds of leading are completed. Show all your work.
a. Reserve requirement is 10% and excess reserves are $11 million
b. Reserve requirement is 5% and excess reserves are $13 million
c. Reserve requirement is 2% and excess reserves are $7 million
Reserve requirement is 10% and excess reserves are $11 million is $122.2 million. Reserve requirement is 5% and excess reserves are $13 million is $273.6 million. Reserve requirement is 2 % and excess reserves are $7 million is $357 million.
What is money generated?
In the form of bank deposits, or the figures that show up in your account, banks produce the majority of the money that circulates in our economy.
(a) Excess reserve, the balance of the entire deposit remaining after the reserve requirement of 10% has been met. Therefore, $11 million represents 90% of the total deposit. 11+(11×10%) The entire amount of the deposit will be $12.22 million.
The money multiplier determines how much money is generated.
Money Multiplier = 1/10% of Reserve Ratio = 10
Therefore, Quantity of money generated= $12.22 million * 10 = $122.2 million.
(b) Excess reserve, the balance of the entire deposit remaining after the reserve requirement of 5% has been met. Since $13 million represents 95% of the total deposit,13+(13×5%) There will be a total deposit of $13.68 million.
The money multiplier determines how much money is generated.
Money Multiplier = 1/5 Reserve Ratio = 20
Therefore, Quantity of money generated=$13.68 million * 20 = $273.6 million.
(c) Excess reserve, the remaining balance of the total deposit after the reserve requirement of 2% has been subtracted. 98 percent of the total deposit is therefore $7 million. 17+(17×2%) Therefore, the overall deposit will be $7.14 million.
The money multiplier determines the amount of money that is produced.
Money Multiplier = 1 / Reserve Ratio = 0.5 % = 50
Therefore, Quantity of money generated=$7.14 million * 50 = $357 million
As a result, option (a) $122.2 million (b) $273.6 million (c) $357 million is an accurate answer.
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When an individual pays the full cost of disability income insurance, a disabled employee’s benefit will be:
A
Taxable in part, up to 60% of the employee’s pretax wage
B
Nontaxable up to 60% of the employee’s pretax wage
C
Taxable in full, regardless of the employee’s wage
D
Nontaxable in full, regardless of the employee’s wage
When an individual pays the full cost of disability income insurance, a disabled employee’s benefit will be Non-taxable in full, regardless of the employee’s wage. Thus the correct answer is D.
What is disability income insurance?Disability income insurance is an additional coverage created to safeguard policyholders in the event that they are unable to work as a result of an accident or illness.
When a policyholder is unable to work, disability income payments provide a monthly income to help with living expenses. When an employee pays the complete cost of disability insurance, then disabled benefits will be nontaxable in full despite of wages of employees.
Therefore, option D will be appropriate.
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1. a) List the three tools of monetary policy. No need to explain.
b) Explain clearly how each tool listed is used to fight inflation.
Answer:
the fad has traditional use 3 tools to conduct monetary policy reserve requirements the discount rate and open market operation
Accumulated Depreciation: The company has only one fixed plant asset (equipment) that it purchased at the start of this year. That asset had cost $48,000, had an estimated life of seven years, and is expected to be valued at $8,800 at the end of the seven years. The company uses straight line depreciation method to calculate its depreciation.
Step 1: Determine what the current account balance equals.
Step 2: Determine what the current account balance should equal.
Step 3: Record the December 31 adjusting entry to get from step 1 to step 2
Based on the depreciation of the equipment, the current balance would equal $0 and but it should equal $5,600.
The adjusting entry would be:
Date Account title Debit Credit
December 31 Depreciation expense $5,600
Accumulated depreciation $5,600
How is depreciation recorded?The current account balance would be $0 because depreciation has not yet been adjusted for.
The depreciation amount would be:
= (48,000 - 8,800) / 7
= $5,600
This amount should be credited to the Accumulated depreciation account, but debited to the Depreciation expense account as expenses usually are.
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In the context of corporate social responsibility, _____ responsibilities are to obey local, state, federal, and relevant international laws.
a.
moral
b.
legal
c.
economic
d.
philanthropic
e.
ethical
Answer:
b. legal
In the context of corporate social responsibility, legal responsibilities are to obey local, state, federal, and relevant international laws.
Explanation:
hope it helps
From the picture below, the marketing vice president is interested in the revenue numbers broken down by month, division, customer demographics, sales office, product version, and plan. These are her business dimensions along which she wants to analyze her numbers.
Question: In the case of Marketing Manager and Financial controller, what are their business dimensions they analyze their numbers?
The business dimensions to be analyzes by the Marketing Manager and Financial controller includes:
profitabilityliquiditysolvencyefficiencyvaluation.Who is a Marketing Manager & Financial controller?Marketing Manager are those managers that specializes in the development of marketing strategies for their organizations while the Financial controller is a top-hierarchy manager that oversees and controls the firm's day-to-day financial operations.
The main role of the Marketing Manager is to promote the firm's business, product, service etc while the main role of the Financial controller is to records and manages the accounting function.
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Roles of the different types of organisations in the context of the business environment
The roles of the different types of organizations in the context of the business environment include:
Helping the business to have a clear view of its prioritiesEnabling better communication between employees and managers andHelping the employees to know their roles and perform better.What are the different types of orgaizations?The different types of organizations include the matrix, functional, flat, and divisional forms.
All of these types of organizations help to structure the business and helps employees to know who to report to. In the end productivity is enhanced.
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Pork barrel projects are approved because they do what?
A. Pay for the provision of public goods
B. Help politicians win support from their constituents
C. Provide support for the poor and the elderly
D. Provide funding for antitrust enforcement
SUBMIT
What is discretionary spending within a budget?
A. Money that can be used for any purpose
B. Money that pays for fixed expenses
C. Money that goes directly into savings
D. Money invested in high-yield financial instruments
Answer:
The answer is a
Explanation: hope this helps :)
Evaluate the importance of doha development round?
The Doha development round is important to reform the national trading system.
What is Doha development round?The Doha Round of negotiations focuses on industrial and non-tariff barriers, agriculture, services, and easing trade rules.
In this case, the Doha development round is important to reform the national trading system.
It is aimed at lowering global trade barriers and is the first agreement reached through the WTO that is approved by all its members.
It introduced lower trade barriers and a revision of the trade rules.
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The Economy Tomorrow The following Economy Tomorrow section provides estimates of time spent in traffic delays.
If the average worker produces $110 of output per hour, what is the opportunity cost of.
a. Current traffic delays? $ billion
b. Estimated delays in 10 years (assuming no change in worker productivity)?
The opportunity cost of Current traffic delays , and Estimated delays in 10 years is mathematically given as
The existing traffic bottlenecks are costing the economy $385 billion in lost productivity per year.It is anticipated that in 10 years, traffic delays would cost $440 billion in lost productivity.Current traffic delays, and Estimated delays in 10 years?The opportunity cost is defined as the product of the value of production per hour multiplied by the hourly wage.
Generally, the Opportunity cost is mathematically given as
Opportunity cost =$110 million * $3.5 billion
Opportunity cost = $385 billion
The existing traffic bottlenecks are costing the economy $385 billion in lost productivity per year.
b)
For every year that goes by, 4 billion hours will be wasted in traffic.
The opportunity cost of a lost hour of work is defined as the product of its value per hour of production times its price.
Generally, the Opportunity cost is mathematically given as
Opportunity cost =$4 billion *$110
The answer is = $440 billion
It is anticipated that in 10 years, traffic delays would cost $440 billion in lost productivity.
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An individual contributed $50,000 to her nonqualified annuity, and when she annuitized the policy, the insurance company determined that, based on her life expectancy, she will receive $100,000 in payments. If her initial monthly payment was $1,000, how much of that payment was taxable?
Payment of $500 will be taxable, as Non-qualified annuity distributions are never tax-free.
What is a nonqualified annuity?An individual can acquire a non-qualified annuity apart from an employee benefit. The tax-deferred growth of your investment is a benefit of an annuity.
Working note-
nonqualified annuity of an individual=$50,000
expected distribution=$100,000
initial payment=$1,000
=cost basis/expected distribution
=$50,000/$100,000
=0.50
To calculate how much payment was taxable-
The initial payment will be multiplied by the find rate
=$1,000*0.50
=$500
Therefore, $500 will be a taxable payment.
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What does the net income tell the
business?
A. Whether or not they made a profit.
B. Whether or not they have too many employees.
C. Whether or not their financing is too high.
Answer:
A
Explanation:
..........................
1. What is the relationship between forward rates and the market’s expectation of future short rates? Explain in the context of both the expectations hypothesis and the liquidity preference theory of the term structure of interest rates.
Through the expectations hypothesis and the liquidity preference theory of the term structure of interest rates, liquidity must be zero for the forward rate to be equal to the expectations of future short rates.
What is expectation theory?Corresponds to a forecast of short-term interest rates by analyzing them against current long-term interest rates.
Therefore, it is a theory used to assist in better understanding and forecasting short-term securities trading in the future.
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a person has 100$ to spend on two goods x and y whose respective price are 3$ and 5$. what happen to the original budget line if the budget falls by 25%?
Answer:
If the budget falls by 25%, then the new budget line would be:
x: 3*0.75 = 2.25
y: 5*0.75 = 3.75
Explanation:
Hat Tricks Company (HTC) is a Buffalo, New York, manufacturer of hats and gloves. Recently, the company purchased a new machine to aid in producing the hat product lines. Production efficiency on the new machine increases with the workforce experience. It has been shown that as cumulative output on the new machine increases, average labor time per unit decreases up to the production of at least 3,200 units. As HTC’s cumulative output doubles from a base of 100 units produced, the cumulative average labor time per unit declines by a learning rate of 80%. HTC has developed a new style of men’s hat to be produced on the new machine. One hundred of these hats can be produced in a total of 20 labor hours. All other direct costs to produce each hat are $19 per hat, excluding direct labor cost. Direct labor cost per hour is $60. Fixed costs are $8,000 per month, and HTC has the capacity to produce 3,200 hats per month.
The selling price per hat is mathematically given as
S=$62
What is the selling price per hat?Compensation of Workers =20hr*60$/hour = $1200
Assorted Direct Expenditures =100hats*19$/hat = $1900
Hence,Total Direct cost. = $1200+$1900
Total Direct cost.= $3100
The selling price is 200% of the Direct production cost
$3100*200% = $6200
The selling price per hat = $6200 / 100hats
The selling price per hat = $62
In conclusion, The selling price per hat = is $62
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How far do differences in behaviour relate to national characteristics?
The differences in behavior and national characteristics are : Very close
What is National characterNational character is the shared perceptions of personality characteristics or behaviors of a group of people, which is shared and believed amongst the people living in a geographical area.
Therefore the differences in behavior is closely related to difference in national characteristics
Hence we can conclude that The differences in behavior and national characteristics are : Very close
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