A farmer grows wheat using two inputs: labor and land whose prices are constant. If she doubles her inputs, she finds that the quantity of wheat produced more than doubles. Therefore, it must be true that in this output range her long-run average total cost curve is downward sloping. Correct answer (b).
What is the long run average curve?
The available output levels are displayed against the average cost for each level on the long-run average cost (LRAC) curve, which has a U-shape. The short-run average total cost (ATC) curves for the company are all contained in the LRAC, which may be thought of as a "envelope". It consists of all the tangency points of the ATC curve.
The cost per unit of production over the long term or the average of the LTC curve is known as the long run average cost, or LAC. It may be determined by dividing LTC by the output volume. The Short run Average Cost (SAC) curves may be used to graphically determine LAC.
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suppose an analyst wanted to determine whether or not dollars spent on advertising, number of sales people, number of new products introduced, and dollars spent on research and development were contributing to the growth in company market share. which of the following procedures would be most appropriate? conjoint analysis cluster analysis perceptual mapping regression analysis
The procedures would be most appropriate when An analyst wanted to determine whether or not dollars spent on advertising, number of sales people etc is regression analysis.
The regression analysis is an analysis which is used to determine that the relationship between two or more variables of interest. It provides a scientific calculation to identify and predicting the future outcomes.
By using regression analysis, an analyst wanted to determine whether or not dollars spent on advertising, number of sales people, number of new products introduced, and dollars spent on research and development were contributing to the growth in company market share.
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Federal and state laws prohibit discrimination in housing. However, exemptions do exist depending on the particular type of property that is being considered. All of the following activities could be considered exempt in specific scenarios EXCEPT:
A. Refusing to sell or rent to a person because of race.
B. Refusing to sell or rent based on familial status (i.e. having children).
C. Refusing to sell or rent to persons based on age.
D. Refusing to sell or rent a single-family home based on religion provided the owners do not employ the services of a broker or agent.Refusing to sell or rent to a person because of race.
"Federal and state laws prohibit discrimination in housing..............EXCEPT":
A. refusing to sell or rent to a person because of race.
What is the difference between federal and state laws?Federal legislation is made at the national level and applies to the entire country (all 50 states and the District of Columbia) as well as U.S. territories. The United States Constitution serves as the foundation for federal law; it outlines government power and duty, as well as the protection of every citizen's basic rights.
State law:
It is the law that applies in each individual state in the United States. The state legislation applies to citizens, tourists, and business entities, companies, or organizations located or functioning in the state.
When a state statute directly contradicts federal law, federal law takes precedence. State law can provide its inhabitants with more rights than federal law.
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palmetto corporation realized $300,000 of taxable income from the sales of its products in states a and b. palmetto's activities in both states establish nexus for income tax purposes. palmetto's sales, payroll, and property in the states include the following: state a state b total sales $540,000 $260,000 $800,000 property $155,000 $0 $155,000 payroll $285,000 $0 $285,000 state b uses a sales-factor-only apportionment formula. in your computations, round any division to three decimal places before converting to a percentage and use rounded amounts in subsequent computations. if required, round your final answer to the nearest dollar. how much of palmetto's taxable income is apportioned to state b? $fill in the blank 1
Palmetto's taxable income is apportioned to state b is $260,000.
What is a taxable income?The portion of your gross income that is considered taxable is what is utilized to determine the tax liability for a specific tax year. It can be generically characterized as adjusted gross income (AGI) minus allowable standard or itemized deductions. Wages, salaries, bonuses, and tips are all considered forms of taxable income, along with the income from investments and various unearned sources. Earned and unearned income are both considered to be taxable income. Earnings from sold appreciated assets, dividends, and interest income are also included in the definition of taxable income. Individual tax filers have the choice of choosing from a list of itemized deductions or the standard deduction when it comes to deductions, according to the IRS. Mortgage interest, medical costs beyond a certain threshold, and a variety of other costs are all eligible for itemized deductions.
Taxable income= $300,000-$40,000= $260,000
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credit cards are part of select an answer and submit. for keyboard navigation, use the up/down arrow keys to select an answer. a m1 and m2 b m1 but not m2 c m2 but not m1 d neither m1 nor m2
Credit cards are part of neither m1 nor m2.
A credit score card is a sort of credit facility, provided via banks that allow customers to borrow finances inside a pre-accepted credit limit. It allows customers to make buy transactions on items and offerings.
Credit score cards offer you a line of credit that can be used to make purchases, balance transfers and/or coin advances and requiring which you pay lower back the loan amount inside destiny. when the use of a credit card, you may need to make as a minimum minimal payment each month by means of the due date at the balance.
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Which of the following is least likely to influence demand for a product?
Group of answer choices
The effectiveness of other marketing mix variables
The presence of substitute goods
The economic environment.
Changes in buyers' needs
Changes in manufacturing capacity in the industry
Answer:
1, Changes in buyers' needs
2. The effectiveness of other marketing mix variables
Explanation: If you have a product then should be useful for your buyer and It should be the actual product that you are advertising.
Look I have a website visit it( Ammunition and Gun Shop) and see how it is arranged.
In a multiple-step income statement, income from operations excludes other revenues and gains and other expenses and losses
True
True, in a multiple-step income statement, income from operations excludes other revenues and gains and other expenses and losses
An organization's financial statement in a structure that presents revenues, costs, and expenses for a certain reporting period is known as a multi step income statement. It uses a number of formulae to calculate a company's net income and offers a more thorough description of expenses than a single-step income statement. Single-step and multi-step are the two formats for income statements. The multi-step income statement is used by businesses that sell tangible goods. The single-step structure is typically used by smaller businesses, such as sole proprietorships, partnerships, and service providers.
Operating and non-operating incomes and expenses are divided into categories in the multi-step income statement. It aids users in assessing the organization's financial performance. The users will be aware of the profit made from the main tasks of purchasing and selling things, as well as how it varies.
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All of the following are social media performance measures except which?
Multiple Choice
cost per thousand
click per fan
cost per action
click-through rate
cost per click
Cost per action is not a performance measure of social media.
Thus, the correct option is C.
What is social media?Social media that is accessible online is a form of communication.
Through social media platforms, users can have discussions, exchange information, and create material for the web.
In relation to media, the term "social" implies that platforms are user-centric and encourage social interaction.
Social media can therefore be seen as an online facilitator or enhancer of human networks—networks of people that improve social connection.
Typically, users access social media services using web-based desktop applications or by downloading apps for their mobile devices (e.g., smartphones and tablets).
Users of these electronic services create highly interactive platforms as they interact with them, allowing for the sharing, co-creation, discussion, participation, and modification of user-generated or self-curated information that is published online by individuals, communities, and organizations.
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appraiser jessica wants to determine the estimated reproduction cost of a subject building using the index method. to do this, she takes the index factor and multiples it by the .
The fundamental calculation for the cost approach is as follows: Property Value = Land Value + Cost New - Depreciation. It makes use of the substitutional principle.
Simply said, the cost of purchasing a replacement or something comparable affects the price someone is ready to pay for a property. This is the discrepancy between the property's overall development costs and its finished market value. Three methods are used in cost estimation: Quantitative principle; Unit-in-place; Comparative (unit of area or volume). When using the index technique, a property's initial construction cost is multiplied by a multiplier that was determined based on the rate at which construction costs have increased since the property was erected.
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an entity engaged an accountant to review its fs in accordance with statements on standards for accounting and review services. The accountant determined that the entity maintained its accounts on a comprehensive basis of accounting other than generally accepted accounting principles. In this situation, the accountant most likely would taken which of the following actions?Modified the review report to reflect the fact that the fs were presented on another comprehensive basis of accounting
In this case, the accountant would probably make changes to the review report to reflect the fact that the FS will behave in accordance with other comprehensive accounting rules.
Applying analytical techniques to the financial data provided by management and asking questions of the business management are the main components of a review.
The starting point of a cash flow statement using the indirect method and net income are in agreement. The financial accounts and the numbers in the notes match. The supplemental schedules' numbers are consistent with those in the financial statements.
The accountant uses analytical techniques throughout the review to better comprehend the numbers. A review engagement has fewer steps that the accountant must take to complete. As a result, the accountant is unable to provide an assessment of how fair the financial accounts are.
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____are the link between public companies and the investors interested in buying their stock.
A. Underwriters
B. Stockbrokers
C. Investment B
D. Account Managers
Underwriters are the link between listed companies and investors interested in buying shares
What do underwriters do?Underwriters are financial professionals who examine your finances and assess how much risk you're willing to take if a lender decides to extend a loan to you. More specifically, insurers evaluate your credit history, your assets, the amount of loan you're applying for, and how well they believe you'll be able to repay the loan.
Does underwriter make the final decision?Mortgage Assumption is the process by which a lender confirms the eligibility of a mortgage. The underwriter will also ensure that your property meets the loan criteria. Underwriter is the final arbiter on whether a loan is approved.
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An increase in the money supply causes:
a. interest rates to fall, investment spending to rise, and aggregate demand to rise
b. interest rates to rise, investment spending to rise, and aggregate demand to rise
c. interest rates to rise, investment spending to fall, and aggregate demand to fall
d. interest rates to fall, investment spending to fall, and aggregate demand to fall
An increase in the money supply causes a. interest rates to fall, investment spending to rise, and aggregate demand to rise.
Hence, Option A is correct.
What do you mean by Money supply?
The entire amount of money owned by the public at a specific time is referred to as the money supply in macroeconomics. Although there are many ways to define "money," common measurements often involve circulation of money and demand deposits.The money aggregates, also referred to as M1, M2, and M3, are measurements of the US money supply. Money in circulation (M1) also includes checkable bank deposits. Savings deposits under $100,000 as well as money market mutual funds are included in M2, in addition to M1. Large time deposits in banks are added to M2 to create M3.To know more about Money here
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which of the following are examples of private equity firms? question 13 options: kkr blackstone morgan stanley apollo group all of the above both a and c
The answer is all of the above. KKR Blackstone, Morgan Stanley & Apollo G Group all are private equity firms.
Private equity portrays speculation organizations that purchase and oversee organizations prior to selling them. Confidential value firms work these venture subsidizes in the interest of institutional and authorize financial backers.
Private equity assets might gain privately owned businesses or public ones completely, or put resources into such buyouts as a component of a consortium. They ordinarily don't hold stakes in organizations that stay recorded on a stock trade.
Private equity is frequently gathered with investment and mutual funds as an elective speculation. Investors in this resource class are normally expected to commit huge capital for a really long time, which is the reason admittance to such speculations is restricted to organizations and people with high total assets.
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Which of the following is not an example of effective conflict resolution:
Group of answer choices
Project manager decides
Consensus among peers
Higher-level manager decsion/involvement
Utilization of a board of experts
Project manager decides is not an example of effective conflict resolution.
Which approaches to conflict resolution are most effective?Discussing needs that aren't being satisfied on both sides requires that both parties agree on what the problem is. Become as knowledgeable as you can about the perspectives of each side. When you're sure that everyone in the conflict understands the situation, stop asking questions.
What is the best method for resolving disputes?The objective is to reach a shared understanding of the problem, the part that each person is playing in the conflict, and what some potential solutions might be. This is a time for brainstorming, listening skills, and being open to diverse ideas.
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the major competing economic systems between 1945 and 1990 were capitalism and economic communism (e.g., reliance on state ownership, command economies, etc.).
The major competing economic systems between 1945 and 1990 were capitalism and economic communism, effect in GDP dropped about 13% lower.
The economic communism is a type of economic system in which individual people do not own land, machinery or factories instead of this, the government or the community owns these things like land, machinery or factories. Everyone is supposed to share the wealth that they create.
The economic communism is controlled by the community which the makes the decisions regarding the economic communism.
The economic systems between 1945 and 1990 were capitalism and economic communism, effect in GDP dropped about 13% lower.
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taskmaster enterprises employs a standard cost system in which direct materials inventory is carried at standard cost. taskmaster has established the following standards for the prime costs of one unit of product. standard standard quantity price direct materials 10pounds $1.98per pound direct labor 0.31 hour $11per hour during november, taskmaster manufactured 18,167 units of product during november using 152,794 pounds of direct materials and 4,841 direct labor hours.
The efficiency variance will be $24,000.00 . It positive value show that it will be favorable.
The given data:
std quantity 147,000.00 (7 pounds per unit x 21,000 units)
actual quantity 132000.00
std cost $1.60
difference 15,000.00
efficiency variance $24,000.00
The difference is positive so the variance is favorable.
The variable overhead flexible-budget variance represents the discrepancy between the actual variable overhead costs and the variable overhead expenses in the flexible budget. The variable overhead efficiency variance represents the utilization efficiency of the cost-allocation base. Because more time was really put in than was necessary to produce 4,500 units in a month, Peterson Corporation's variable overhead efficiency variance is $10,000 less than it should be. The following elements might offer a helpful variable overhead efficiency variance.
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mosha realizes that he is coming dangerously close to burning out on his job as a cpa for a large manufacturing company because of the conflicting demands of his job. consequently, he has asked his supervisor to provide a specific job description and have a meeting to formulate specific job-related goals. this behavior is an example of which of the following coping strategies?
The correct Option is A. problem-centered coping, The goal of problem-centered coping is to identify the underlying causes of tension in order to manage tension- or stress-related disorders.
In order to manage tension or stress-related concerns, problem-centered coping looks for the root of the tension. In this instance, the person employed this coping mechanism to get by at work after realising that the conflicting demands of his position were very close to driving him to burnout. In this kind of coping mechanism, the person looks for assistance in resolving the issue and withdraws from the stressful situation while simultaneously attempting to eliminate the source of the discomfort.
Mosha realizes that he is coming dangerously close to burning out on his job as a CPA for a large manufacturing company because of the conflicting demands of his job. Consequently, he has asked his supervisor to provide a specific job description and have a meeting to formulate specific job-related goals. This behavior is an example of which of the following coping strategies?
a. problem-centered coping
b. appraisal-centered coping
c. instrumental support
d. emotion-centered coping
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Aaron, a student of Kellearn Elementary School, falls sick during school hours. Aaron's father, Martin, is immediately called to take Aaron home. Martin has an important meeting to attend at work and there is no one else available to take Aaron home. In this scenario, Martin most likely experiences __________ a. Intrarole conflict b. Person-role conflict c. Interpersonal conflict d. None of these e. Interrole conflict Question
The given situation is an example of e. Interrole conflict
Interrole conflict refers to a situation in which the expectations, and responsibilities, of one role, are incompatible with those of another role. This type of conflict can occur when an individual holds multiple roles within an organization or in their personal life, and the conflicting demands of these roles create tension or difficulty. For example, an individual who is both a parent and a manager may experience inter-role conflict if their responsibilities at work and at home are incompatible or in conflict with one another.
Similarly, In the given case, Martin is both a father and an employee. He has a responsibility towards his child as well as his work. In the given case, Martin is facing a dilemma as to how he should pick his child when he has an important meeting to attend. There is both an expectancy towards home and work. Thus, this represents an Interrole conflict.
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burrito king (a new fast-food franchise opening up nationwide) has successfully automated burrito production for its drive-up fast-food establishments. the burro-master 9000 requires a constant 50 seconds to produce a batch of burritos. it has been estimated that customers will arrive at the drive-up window according to a poisson distribution at an average of one every 65 seconds. to help determine the amount of space needed for the line at the drive-up window, answer the following questions.
The average length of a car is approximately 14.7 feet. Car sizes vary depending on manufacturer and model, but standard automobiles and trucks are typically between 10 and 18 feet long.
A midsize sedan is about 14 feet long, while a smaller car, like a Mini Cooper, is about 10 feet long. A typical car has approximately 30,000 parts. From welding to full engine average length to painting, it takes automakers about 18 to 35 hours to produce one mass-market vehicle once those parts are manufactured and brought to the final production line. When following a vehicle, you should travel three seconds behind the vehicle in front to allow enough time to avoid a collision
The que was incomplete the complete que is this:
To help determine the amount of space needed for the line at the drive-up window, answer the following questions.
a. What is the average length (in cars)?
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Which of the following would be the theoretical outcome of contractionary fiscal policy in the following aggregate demand aggregate supply model, where LRAS is long-run aggregate supply and SRAS is short-run aggregate supply? Price level Real GDP 2 g = 4 a. The aggregate demand (AD) curve would shift from AD, to AD, b. The short-run aggregate supply (SRAS) curve would shift from SRAS to SRAS. c. The short-run aggregate supply (SRAS) curve would shift from SRAS, to SRAS. d. The aggregate demand (AD) curve would shift from AD to AD, at the same time that the SRAS curve would shift from SRAS, to SRAS. e. The aggregate demand (AD) curve would shift from AD to AD
In such a case the aggregate demand (AD) curve would shift from AD1 to AD2.
A contractionary fiscal policy lowers government spending or raises taxes to lower the total level of demand in the economy. A change from AD1 to AD2 in the aggregate demand (AD) curve can be used in the model to illustrate this. A decrease in the total amount of demand in the economy is shown when the AD curve swings to the left. A fall in government spending, an increase in taxation or a decline in consumer or company confidence are just a few causes.
Theoretically, this will result in a drop in both the price level and real output. This is so that businesses can try to sell their products by lowering their pricing and production in response to a decline in demand. The short-run aggregate supply (SRAS) curve will shift to the left as prices decline and real output declines, and the economy will move from the point of intersection between SRAS and AD1 to the point of intersection between SRAS and AD2. Thus, Real output and price level will decline. In the long run, the economy's position on long-run aggregate supply (LRAS) curve will revert to its initial value, and real output and price levels will do the same.
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Which of the following appear at the end of the income statement?
Net income
The correct option is D ; Net income , Net income appears at the bottom of the income statement, however it only takes into account costs and revenue that were spent or generated. Large businesses, in particular, can experience profits or losses due to changes in the value of particular assets.
Revenue, costs, and net profit are all included on the income statement. The components of the income statement include: revenue; cost of sales; sales, general, and administrative expenditures;
other operating expenses; non-operating income and expenses; gains and losses; non-recurring items; net income; and EPS.
Net income is the remaining accounting profit a business has after covering all of its costs. Sales revenue is multiplied by COGS, SG&A, depreciation and amortization, interest expenditure, taxes, and any other costs to arrive at net income.
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Which of the following appear at the end of the income statement?
A. Sole Proprietorship
B. Partnership
C. Corporation
D. Net income
A mixed cost has:
only variable cost components, both within and outside of the relevant range.
either fixed or variable cost components, but not both.
both fixed and variable cost components.
only fixed cost components, both within and outside of the relevant range.
The right answer is option (c). Both fixed and variable costs are included in a mixed cost.
What is covered by the mixed cost?Semi-variable costs, semi-fixed costs, or mixed costs are terms used to describe costs that combine fixed and variable components. Costs are fixed until a specific amount of output or consumption, at which point they become variable costs.
A cost is said described as being mixed if it includes both fixed expenses and variable charges. This implies that while certain costs remain constant, others might. Alternative name for a mixed cost is indeed a semi-variable cost. Knowing the fixed and variable costs is necessary to calculate the mixed cost. The total of the variable and fixed costs is then determined.
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general acceptance of paper currency is equally as important as the government's decree that money is legal tender. general acceptance of paper currency is more important than the government's decree that money is legal tender. the government's decree that money is legal tender is more important than the general acceptance of paper currency. private firms and government are mandated to accept cash.
General acceptance of the paper currency is equally as important as the government's decree that money is legal tender.
Legal tender is any currency is said to be declared legal by a government. So, there are many governments who tend to issue a flat currency and then they tend to make it legal tender thus by setting it as the standard.
There are many nations who tend to designate coins and banknotes as the legal tender, while credit cards, personal checks, and other comparable non-cash forms of payment are typically not.
Hence, legal tender is any form of payment recognized by a government.
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For roger, the income effect dominates the substitution effect in which wage range? from $0 to $40 from $40 to $50 the income effect does not dominate the substitution effect at any given levels of the wage. from $0 to $50
The substitution effect at any given levels of the wage. from $0 to $50.The self-actualizing tendency, which Carl Rogers refers to as "an innate inclination toward progress and fulfilment," is one of the main goals.
According to Rogers, an effective psychotherapist must meet a number of fundamental requirements in order to help a patient achieve the desired level of self-actualization.P is the quantity of shoe pairs.
The issue is represented by the equation:
f (p) = 4.50p + 40
To help you reach your daily goal, we have:
4.50p + 40 = 112
We reset p = 4.50p = 112-40 p = 72 /4.50 p = 16 (pair of shoes).To figure out how many pairs of shoes, p, Roger has to sell in a day to reach his daily income target is:
f (p) = 4.50p + 40.He needs to sell 16 pairs of shoes in order to reach his daily income target (pair of shoes).
Complete question:
For roger, the income effect dominates the substitution effect in which wage range? from $0 to $40 from $40 to $50 the income effect does not dominate the substitution effect at any given levels of the wage. from $0 to $50.How does he determine the effective gross income on each of them?
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to change how cells appear, you use conditional formatting. then, to highlight cells with a value of at least $100, you choose to format cells if they have a value greater than or equal to 100.
When you want to change cells that appear you can use conditional formatting. Conditional formatting helps you to give a sign in the value that you want. It is true.
Conditional Formatting (CF) is an element that lets you make configurations to a cell or scope of cells, and have that designing change contingent upon the worth of the cell or the worth of a recipe. Restrictive designing makes it simple to offer a hint in light of your desired qualities to feature or make explicit cells simple to distinguish. A cell range is performed in light of a condition (or models). The contingent designing is utilized to offer a hint to the cells that comprise values that meet a specific condition.
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This question is not complete , here I am attaching the complete question:
TRUE/FALSE. to change how cells appear, you use conditional formatting. then, to highlight cells with a value of at least $100, you choose to format cells if they have a value greater than or equal to 100.
To determine whether or not an investment has a positive NPV, we essentially compare the expected return on that new investment to what the financial market offers on an investment with the same beta. This is why the SML is so important; it tells us the "______ ______" for bearing risk in the economy
going rate
Going rate
The Capital Asset Pricing Model is graphically represented by the security market line. It is a graph that contrasts predicted return with beta-measured systematic risk.
The difference between the current value of cash inflows and withdrawals over a period of time is known as net present value (NPV). It is employed for measurements that are mostly used in capital budgeting, the process by which businesses decide if a new investment or expansion opportunity is worthwhile. When presented with an investment opportunity, a corporation must determine if making the investment will result in net economic gains or losses for the business. A project's NPV is positive when it charts above the SML because its IRR is higher than the needed rate of return. The NPV is negative when a project maps below the SML because its IRR is lower than the needed rate of return.
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Select all that applyWhich of the following are advantages to using a standard cost system? (Check all that apply.)
Standards can provide benchmarks that can be used by individuals to judge their own performance.
Too much emphasis on standards can impede other objectives.
Standards provide feedback that can reduce employee morale.
Standard costs can simplify bookkeeping.
Standards can provide benchmarks that can be used by individuals to judge their own performance.
Standard costs can simplify bookkeeping.
The advantages to using a standard cost system will be standard costs can simplify bookkeeping, standards can provide benchmarks that individuals use to judge their own performance.
Standard cost systems make use of standard costs, which are the budgeted or estimated costs deemed to be necessary to manufacture a single unit of product or perform a single service. Standards are traditionally established for each component (material, labor, and overhead) of product cost.
Standard cost accounting is a traditional cost accounting method introduced in the 1920s, as an alternative for the traditional cost accounting method based on historical costs
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Loonis Incorporated and Rhea Company formed LooNR Incorporated by transferring business assets in exchange for 1,000 shares of LooNR common stock. Loonis transferred assets with a $820,000 FMV and a $444,000 adjusted tax basis and received 820 shares. Rhea transferred assets with a $180,000 FMV and a $75,000 adjusted tax basis and received 180 shares. Compute Loonis and Rhea's realized and recognized gain on the exchange. Multiple Choice Loonis realized and recognized $376,000 gain. Rhea realized and recognized $105,000 gain. O Loonis realized $376,000 gain and recognized no gain. Rhea realized and recognized $105,000 gain. O Loonis realized $376,000 gain and recognized no gain. Rhea realized $105,000 gain and recognized no gain. There is not enough information to compute realized and recognized gain.
Compute Loonis and Rhea's realized and recognized gain on the exchange there is not enough information to compute realized and recognized gain.
The profit you realise from selling an asset counts as a recognised gain. Realized gains, which describe the amount of money you made from the transaction, are different from recognised gains. The basis, or the cost at which you acquired the asset, governs the amount of profits that can be recognised. The taxable component of realised gains resulting from the sale of an asset or combination of assets is known as recognised gain. Due to the use of tax deferral strategies like 1031 exchanges and other possible tax offsets like loss carryforwards, information to compute gains are often lower than realised gains.
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Assume that banks hold no excess reserves. A decrease in the required reserve ratio will cause total reserves in banks, the money multiplier, and the money supply to change in which of the following ways?
a. Total Reserves (Increase); Money Multiplier (No change); Money Supply (Increase)
b. Total Reserves (No change); Money Multiplier (Increase); Money Supply (Increase)
c. Total Reserves (Decrease); Money Multiplier (Decrease); Money Supply (Decrease)
d. Total Reserves (Increase); Money Multiplier (Increase); Money Supply (Increase)
e. Total Reserves (No change); Money Multiplier (Increase); Money Supply (Decrease)b. Total Reserves (No change); Money Multiplier (Increase); Money Supply (Increase)
If the banks holds no excess reserves and the decrease in the required reserve ratio then there is no change in total reserves, increase in money multiplier and money supply.
Hence the correct option is b.
When a dollar gets deposited in bank, the total reserve of the bank increases. In the given situation bank has no excess reserve and there is a decrease in the required reserve ratio therefore there will be no change in total reserve whereas money multiplier and money supplier will increase.
Money multiplier is the amount of money which was developed by banks through deposits excluding the amount of reserves from the deposit which must increase in the given situation.
Money supply is the amount of money which is in circulation in bank which must increase in the given situation.
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For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2018 for $3,000,000. Its useful life was estimated to be five years, with a $215,000 residual value. At the beginning of 2021, Clinton decides to change to the straight-line method. The effect of this change on depreciation for each year is as follows:
($ in thousands)
Year Straight Line Declining Balance Difference
2018 $ 557 $ 1,200 $ 643 2019 557 720 163 2020 557 432 (125 ) $ 1,671 $ 2,352 $ 681 Required:
2. Prepare any 2021 journal entry related to the change. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.)
In general, voluntary changes in financial accounting policies are recognized retrospectively. However, a change in depreciation method is considered a change in accounting estimate resulting from a change in accounting principle. This means that a change in accounting method reflects a change in:
1. Estimated future economic benefits
2. Company knowledge of these benefits
3. The pattern of receiving these benefits
As a result of the above points, the change should henceforth be recorded prospectively using the direct method.
The remaining depreciable amount of the asset is depreciated on a straight-line basis over the remaining useful life.
Disclosure should be used to justify the change, as well as the impact on financial statement line items and the impact on equity.
Asset cost $2,560,000
Accumulated depreciation to date - $1,801,000
Depreciation amount remaining $759,000
Estimated Residual Value - $160,000
Depreciated 3 years $599,000
Annual straight-line depreciation $199,666.67
Edit records
DR Depreciation $199,666.67
CR Accumulated Depreciation $199,666.67
According to the financial golden rule of double entry, which states that the giving account is credited, while the receiving account is consequently debited to the expense account and credited with accumulated depreciation.
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riegel company uses the lcnrv method, on an individual-item basis, in pricing its inventory items. the inventory at december 31, 2025, consists of products d, e, f, g, h, and i. relevant per unit data for these products appear below. item d e f g h i estimated selling price $120 $110 $95 $90 $110 $90 cost 75 80 80 80 50 36 cost to complete 30 30 25 35 30 30 selling costs 10 18 10 20 10 20 instructions using the lcnrv rule, determine the proper unit value for balance sheet reporting purposes at december 31, 2025, for each of the inventory items above.
An inventory is one of the current assets. The items in the inventory are those that are bought and afterwards sold to the general public for a higher price.
Measurement of inventory is based on the lower of cost or net realisable value (LCNRV).
To determine the net realizable value, we subtract the anticipated completion costs from the anticipated selling price.
Item I, Item D, Item E, Item F, Item G
Cost 75 80 80 80 50 36 Cost to complete $120 $110 $95 $90 $110 $90 Estimated selling price 30 30 25 35 30 30
Selling expenses 10 18 10 20 10 20
Item D $75
Item E $62
Item F $60
Item G $35
Item H $50
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