To calculate the semi-annual bond payment, take 2% of the $1,000 par value, or $20, and divide it by two.Therefore the bond pays $10 semi-annually. Divide $10 by $900 and you'll get a 1.1% semi-annual bond yield.
The bond valuation formula is presented here price=(Coupon×1−(1+r)−nr)+Face(1+r)n Price = ( Coupon × 1 − ( 1 + r ) − n r ) + Face value ( 1 + r ) n , where coupon is the cash flow received for each interim payment before face value.Start by adding net proceeds to costs to find gross total proceeds from the stock issue.Then divide the gross proceeds by the number of shares issued to calculate the issue price per share Image Result.You can calculate the price of this annual coupon bond as follows select the cell in which you will place the calculated result,type the formula =PV(B11,B12,(B10*B13),B10) and press the Enter key.
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without express or implied authority, xi contracts on behalf of yan to purchase a certain building from zhu. yan and zhu are not bound in contract unless yan
Without express or implied authority, xi contracts on behalf of yan to purchase a certain building from zhu. yan and zhu are not bound in contract unless yan ratifies the contract before Zhu withdraws from the deal.
What is meant by implicit authority?A principal's deliberate transfer of authority to an agent to act on their behalf as a result of that principal's actions, but without a written agreement. If no one objects following the previous use of this power, implied authority may result.
Therefore, An agent with implied authority is one who has the legal right to carry out tasks that are ostensibly required to further an organization's objectives. A contract can be made on behalf of another person or business by implied authority figures, according to contract law.
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high-low cost estimation assume the local yrc worldwide delivery service hub has the following information available about fleet miles and operating costs: year miles operating costs year 1 695,000 $219,500 year 2 855,000 267,500 use the high-low method to develop a cost-estimating equation for total annual operating costs. total annual costs
The equation for total annual operating cost is given by the equation Total Cost = $11,000 - $0.3 * Fleet Miles
The high-low cost estimation model is used for separating the fixed cost from the variable cost if only the mixed cost data is on hand. Companies often use this method to develop the cost model used for predicting future costs.
First, we estimate the variable cost as
Variable Cost = (Cost at the highest activity level - Cost at the lowest activity level)/(Miles at the highest activity level - Miles at the lowest activity level)
Variable Cost = ($267,500 - $219,500)/(855,000 - 695,000) = $48,000/160,000 = $0.3 per fleet mile
Then, we estimate the fixed cost as
Fixed Cost = Cost at the highest activity level - Variable Cost * Miles at the highest activity level
Fixed cost = 267500- 0.3*855000 = 11000
Finally, the cost-estimating equation for the total annual operating costs can be formulated as
Total Cost = Fixed Cost - Variable Cost * Fleet Miles
Total Cost = $11,000 - $0.3 * Fleet Miles
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walter builds birdhouses. he spends $5 on the materials for each birdhouse. he can build one in 30 minutes. he is semi-retired but earns $8 per hour at the local hardware store. he can sell a birdhouse for $20 each. refer to scenario 13-11. an economist would calculate the total cost for one birdhouse to be a. $13. b. $5. c. $9. d. $8.
An economist would calculate the total cost for one birdhouse to be $9.
The economic expert is a British weekly newspaper printed in demitab format Associate in Nursingd published digitally. It focuses on current affairs, international business, politics, technology, and culture. primarily based in London, the newspaper is closely held by The Economist Group, with its core editorial offices within the United States, furthermore as across major cities in continental Europe, Asia, and the Middle East. In 2019, its average world print circulation was over 909,476; this, combined with its digital presence, runs to over 1.6 million. Across its social media platforms, it reaches an audience of thirty-five million, as of 2016. The newspaper encompasses a distinguished focus on data journalism and informative analysis over original reporting, to each criticism and acclaim.
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1. Historically, most startups
a. Pivot and iterate while continuing to search for a business model that works
b. Run out of money and shut down
c. Grow very slowly and barely break even
d. Grow into a successful company
Answer:
hjj
Explanation:
a broker-dealer is required to register with:
A. the SEC
B. FINRA
C. the state where it is located or does business with the public and the SEC
D. All of the Above
Most “brokers” and “dealers” must register with A. The SEC. This section covers the factors that determine whether a person is a broker or a dealer.
A broker is a person who performs transactions on behalf of other people. In other words, a broker is a person or brokerage firm, and usually charges a commission (fee) to investors who want to buy and sell assets.
A broker's job is to build and maintain relationships with customers, make sales and purchases, and complete other management tasks such as preparing documents. Brokers also have a responsibility to maintain the satisfaction of their customers.
The broker's function is to solve customer problems or act as an intermediary. The second function of the broker is to provide information related to market capital.
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which of the following is not a part of business continuity planning? group of answer choices resumption planning contingency actions emergency response disaster recovery
The option that is not a part of business continuity planning is option A: resumption planning.
What is the procedure for business continuity planning?A disaster recovery plan, which includes procedures for dealing with IT interruptions to networks, servers, personal computers, and mobile devices, is an essential part of a business continuity plan (BCP). The strategy should include details on how to restore office productivity and enterprise software so that crucial business requirements can be satisfied.
The factors that constitutes a business continuity plan's five main elements are:
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exponential utility has an adjustable parameter called risk tolerance. the risk tolerance parameter measures
Exponential utility has an adjustable parameter called risk tolerance. the risk tolerance parameter measures an appropriate value for company.
What is exponential utility?In economics and finance, exponential utility is a particular form of utility function that is useful in some contexts when risk (also called uncertainty) is present. In this case, the expected utility is maximized. A utility function measures the preferences consumers apply to their consumption of goods and services. For example, if a customer prefers apples to oranges regardless of consumption, the utility function can be expressed as he U(apple) > U(orange).
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To support National Heart Week, the Heart Association plans to install a free blood pressure testing booth in El Con Mall for the week. Previous experience indicates that, on average, 6.0 persons per hour request a test. Assume arrivals are Poisson distributed from an infinite population. Blood pressure measurements can be made at a constant time of six minutes each. Assume the queue length can be infinite with the FCFS discipline.
a. What average number in line can be expected? (Round your answer to 3 decimal places.)
b. What average number of persons can be expected to be in the system? (Do not round your intermediate calculations. Round your answer to 3 decimal places.)
c. What is the average amount of time that a person can expect to spend in line? (Do not round your intermediate calculations. Round your answer to 4 decimal places.)
d. On average, how much time will it take to measure a person’s blood pressure, including their
(A) Average number in line can be expected (Lq) = 13.067
(B) No. of person expected in system = 14
(C) Average amount of time expected = 1 hour
(D) time taken to measure a person’s blood pressure = 0.33333
Average number of persons can be expected to be in the system(Wq) = 0.9333 hours
Average amount of time that a person can expect to spend in line (Ws) = 1 hour
We know the following information:
Arrival rate (lambda)=14
Service Time = 4 minutes
service rate (mu) = 60/4 =15 people per hour
a. Average Number in Line
average number in line
Lq = λ² / μ(μ−λ)
lq = 14² / 15(15-14)
Lq = 13.067
14 people in line system
Wq = Lq / λ
Wq= 13.0667 / 14
Wq = 0.9333 hours
0.93333 in 1 hour in line
Ws = Ls / λ
Ws = 14 / 14 |
Ws = 1 hour
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marigold co has outstanding 92 million of 9% bonds due in seven years and call out a lot 103 the bonds were
Marigold Co. will report $600,000 gain
Issue price of the bonds called = $9,200,000
Gain on Retirement of bonds at 94 = $9,200,000 x 0.94
Gain on Retirement of bonds at 94 = $86,48,000
Gain on retirement = $9,200,000 - $86,48,000
Therefore, Gain on retirement = $5,52,000
Hence, option a) is correct.
When a bond issuer buys back bonds for less than the amount of the related liability, this is known as a gain on the retirement of bonds. The face value of the bonds less any unamortized discount (or unamortized premium), less any unamortized bond issue cost, equals the carrying amount of the bonds, which is the liability.
The outcome of a company repurchasing its own bonds at a discount to the bonds' carrying value. By deducting the cost of repurchasing the bonds from their carrying value, the gain is calculated.
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The complete question is:
Marigold Co. has outstanding 92 million of 9% bonds due in seven years and call out a lot 103 the bonds were issued at par and are selling today at a market price of 94. If Marigold Co. calls $92 million of these bonds it will report:
A $5,52,000 gain.
A $400,000 loss.
A $600,000 gain.
Neither gains nor losses are recognized on early retirements of debt.
ty has the monopoly over plush kitty with big eyes. the following equations describe the demand, the marginal cost, and the total cost, where q is output in thousands and p is price per unit.
The equation the defines the demand, the marginal cost, and the total cost is written as ΔC/ΔQ
The term demand concerns the quantity of a particular product or service that consumers are willing to purchase at various prices.
Here we have given that the monopoly over plush kitty with big eyes.
And we need to find the equation for demand, the marginal cost, and the total cost.
In order to find the equation for the given condition, we must know the definition of marginal cost,
The term marginal cost in economics refers the change in total production cost that comes from making or producing one additional unit.
Therefore, based on the definition of marginal cost, we have identified that the equation for the total cost is written as,
=> Marginal cost = (Change in cost) / (Change in quantity)
=> Marginal cost = ΔC/ΔQ
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Employees at the hospital have negotiated a 3 percent increase in wages for the next year, based on their inflation expectations. If inflation is actually 5 percent over the next year, which of the following will occur?
O Unemployment of hospital employees will rise.
O Real wages for hospital employees will fall.
O Inflation will be 3 percent the following year.
O The increase in inflation is expected.
The answer is Real wages for hospital employees will fall.
When wages increase at a rate lower than inflation, then the real wages of employees will fall. In this case, wages were negotiated to increase by 3%, but if inflation ends up being 5%, then the real wages of employees will fall as the purchasing power of their wages will be lower than before.
Inflation and wages are generally considered to be inversely related. When inflation increases, the purchasing power of wages decreases, and vice versa. As inflation rises, the cost of goods and services also rises, making it more expensive for businesses to pay their employees. This ultimately leads to decreases in wages.
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according to the 'in-house sales' clause in an exclusive right to sell agreement, a seller cannot do which of the following if the listing broker also finds a buyer...?
If listing broker also finds a buyer, refuse to pay commission to listing broker is that which the seller cannot do.
Who is a listing broker?A homeowner who wants to sell their home can get assistance from a real estate professional known as a listing broker or listing agent. The duties of a listing broker include setting a reasonable asking price for the home, generating a listing, and organizing open houses for prospective buyers. To understand listing brokers, it helps to review the differences between a real estate agent and a real estate broker. A person who has been granted a state-issued license to help in the purchase and selling of different kinds of real estate is known as an agent. A real estate broker is an agent who has been given a second broker's license. Brokers often have a deeper awareness of both the financial and legal processes involved in selling and buying properties, as well as the real estate market.
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Which of the following items should be included in Melay, Inc.’s summary of significant accounting policies for the current year? A.Operating segment sales for the current year are Alay $1M, Belay $2M, and Celay $3M. B.Future common share dividends are expected to approximate 60% of earnings. C.Property, plant, and equipment is recorded at cost with depreciation computed principally by the straight-line method. D.During the current year, the Delay Segment was sold.
Depreciation is a term used in accounting to describe two different aspects of the same idea: first, the actual decline in fair value of an asset, such as the annual decline in value of factory equipment
due to use and wear, and second, the allocation in accounting statements of the asset's initial cost to the periods in which it is used (depreciation with the matching principle). Depreciation is the process of reallocating, or "writing down," the cost of a tangible item (such as equipment) over the course of that asset's useful life. It also refers to the decline in asset value. Long-term assets are depreciated by businesses for accounting and tax reasons. The balance sheet of a company is impacted by the asset's decline in value.
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benjamin has recently received a large estate settlement, and he is eager to use the money toward the purchase of a successful business that is already in operation. which of the following should be discouraged as a source for finding businesses for sale?
Phonebook should be discouraged as a source for finding businesses for sale.
Is buying an existing company a wise move?There is less risk. Buying an established business is intrinsically less hazardous than establishing one from scratch because it already has goodwill, is operational, has clients and customers, personnel, systems, suppliers, financial history, a location or locations, and you might be able to convince the seller to finance it. When there is demand, go there. Look for markets where your goods or services are in high demand or where there is little to no competition. To make sure your company fits into the local market, you should, if at all possible, move your operations to a location where the other businesses on the block are complementary.
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if two nations have a trade dispute, the world trade organization may be asked to mediate and provide a decision within one year's time.
When one nation adopts a trade policy measure or does something else that one or more other WTO members believe violates WTO rules, a dispute results.
What do we mean organization?The organization is a group of people who cooperate, such as a firm, neighborhood association, charity, or union. This term "organization" can be used to describe a person, a group, a company, or the process of making and developing anything.
What is organization definition and example?The organization is a formal gathering of people, like a business, charity, political party, or club. Almost majority of these specialty schools are run by nonprofit institutions. ... the International Labor Organization report.
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Which of the event management skills aids in completing projects on time and within budget, where parts of an event can be managed as separate components?
a. Project management skills
b. Negotiating skills
c. Budgeting skills
d. Delegating skillsa. Project management skills
Project Management skills enable projects to be finished on time and within budget, allowing for the management of individual components of events. Project planning, risk assessment, opportunity analysis, budget creation, stakeholder communication, problem-solving, and other activities fall under this category.
A group of skills called project management skills is required to start, plan, and carry out a project. Project managers frequently oversee a team of workers who must cooperate in order to accomplish a particular objective. Hard skills, soft skills, and personality traits are all included in the category of project management skills.A project manager is in charge of planning and carrying out the project. Additionally, they are in charge of leading and inspiring a team, controlling stakeholder expectations, and keeping company executives and stakeholders updated on the project's progress.Therefore, project management skills enable projects to be completed on schedule and within budget, allowing the management of individual events' components.
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hampton company reports the following information for its recent calendar year. income statement data selected year-end balance sheet data sales$ 160,000accounts receivable increase$ 10,000 expenses: inventory decrease16,000 cost of goods sold100,000salaries payable increase1,000 salaries expense24,000 depreciation expense12,000 net income$ 24,000
Required: Prepare the operating activities section of the statement of cash flows for Hampton Company using the indirect method. (Amounts to be deducted should be indicated with a minus sign.) Cash flows from operating activities Net income Depreciation expense Inventory decrease Salaries payable increase Accounts receivable increase Net cash provided by operating activities 0
Salaries payable increased by $1,000, inventory decreased by $6,000, depreciation cost was $12,000, and accrued interest was increased by (10,000) dollars. Cash flow from operating activities is negative and totals $43,000.
The following is how Hampton Company prepared its statement of cash flows' operating activities using the indirect method:
Operating Expenses and Cash Flow
$24,000 in profit
Non-cash item adjustments:
A $12,000 depreciation cost
Compensation for Variations in Working Capital
An increase in the amount of receivables ($10,000)
$16,000 less in inventory
An increase in the amount of salary that is payable $1,000
$43,000 in Net Operating Cash
Sales are computed as sales less cost of goods sold, selling, general and administrative costs, operating costs, depreciation, interest, taxes, and other costs. Net income (NI), often known as net earnings, is the difference between these two figures. Investors might use this figure to gauge the extent to which an organization's revenue outpaces its costs. This figure can be found on an organization's income statement and serves as a gauge of profitability.
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which of the following is a set of clear, consistent, and specific attributes or characteristics that define your company in the consumers mind?
Image is a set of clear, consistent, and specific attributes or characteristics that define our company in the consumers mind.
who is a consumer?Any individual or group who uses a good or service for the last time is referred to be a consumer. Here are some illustrations: a someone who pays a hairstylist to cut & style their hair. corporation that purchases a printer for business purposes.
Why is it referred to as a consumer?A person is referred to as a consumer if they buy goods or services for their own use rather than for manufacturing or resale. A customer is someone who makes the choice of whether or not purchase a product there at store or a person who is influenced through marketing and advertising.
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Babak Industries is a division of a major corporation. Last year the division had total sales of $21,360,000, net operating income of $1,895,760, and average operating assets of $7,800,000.
The division's turnover is closest to:
Multiple Choice
2.74
0.24
1.96
11.27
The turnover for the division is most closely 0.24.
Explanation:-Therefore, total sales equal $21,360,000.
Average operational assets are $7,800,000, while net operating income is $1,895,760.
Return on Investment (ROI): ($1,895,760, $7,800,000) = Net operating income Average operating assets. × 100\s= 0.2430461 × 100\s= 24.304% or 0.24
The division's return on investment (ROI) is therefore most closely associated with 0.24.
Exactly how is division turnover determined?By adding your starting and ending workforces and dividing by two, you may get your average workforce (Avg) (Avg = [B+E]/2). The number of departing employees should now be divided by your average staff count. To calculate your final turnover %, multiply [L/Avg] by 100.
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morgan (age 45) is single and provides more than 50% of the support of tammy (a family friend), jen (a niece, age 18), and jerold (a nephew, age 18). both tammy and jen live with morgan, but jerold (a french citizen) lives in canada. morgan earns a salary of $95,000, contributes $5,000 to a traditional ira, and receives sales proceeds of $15,000 for an rv that cost $60,000 and was used for vacations. she has $8,200 in itemized deductions.
Morgan's taxable income is 69,800.Morgan's Tax liability is 13,243.75.
Income - 95,000 Salary
IRA Contribution - 5,000 - This is an 'above the line' deduction
Adjusted Gross Income = 90,000
Itemized Deductions - 8,200 (Given in the problem and greater than the standard deduction in 2015 of 6,300)
Exemptions - 12,000 (Rosalyn and Flo would qualify as qualifying relatives along with Morgan's own personal exemptions, so that makes 3 exemptions. 3 x 4,000 - 12,000)
Taxable Income = 69,800
Pulling from the IRS tax table from 2015.
69,800 taxable income would fall into the 25% bracket.
$37,451 to $90,750
$5,156.25 plus 25% of the amount over $37,450
(69,800 - 37,450) x 25% + 5,156.25 = Tax Liability
Tax Liability = 13,243.75
A qualifying relative is a person who meets specific guidelines to be taken as a dependent on your tax return. To claim someone as a qualifying relative, the following criteria must be met:
1) The taxpayer provides more than half of their support
2) Dependent has minimal income (this amount changes from year to year)
3) Dependent must live with taxpayer for the entire year
4) Dependent can't be claimed on someone else's tax return
5) They can't file a return with someone else
6) Dependent is a US citizen
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which of the following terms and definitions do not match? a consideration clause - states the amount and frequency of the premium b probationary period - found in disability insurance policies before benefits are payable after a loss occurs c entire contract clause - includes policy, provisions, a copy of the application, and any riders, waivers, or endorsements d payment of claims - paid to the policyowner unless otherwise specified or there is an assignment of benefits
The follow-ing term and definition do not match with each ot-her (b) probationary period - found in dis-ability insurance policies before bene-fits are payable after a loss occurs.
What is Probation Period and How to Handle it?A probation period is a time a re-cruit takes to under-stand company policies, rules, and their job respon-sibilities. It is also when an employee works as a temp-orary workforce with minimum bene-fits and facilities.
Probation period me-ans the “trial period” that you serve as a new empl-oyee in an organization. It lets both the employee and the empl-oyer get to know each other bet-ter before the organ-ization can offer him/her a regular or permanent pos-ition.
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which of the following denotes a common weakness between the four firm concentration ratio and the hhi
The Herfindahl-Hirschman Index (HHI) is a common way to measure market concentration and market competitiveness, often before and after M&A transactions.
The index measures the degree of competitiveness as well as company size in relation to industry size. The HHI is calculated by summing the numbers from the quadrupling of each company's market share in a given market. It can be as low as 0 and high as 10,000, with lower values indicating a smaller market.
A widely accepted indicator of market concentration is the HHI. It is determined by squaring the piece of the pie of each firm contending in a market and afterward adding the subsequent numbers. It can be as low as 0 or as high as 10,000. The HHI is utilized by the U.S. Department of Justice to assess potential antitrust concerns related to mergers.
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Full Question = Which of the following denotes a weakness that is common to both the four firm concentration ratio and HHI?
The comparative balance sheets for Windsor, Inc. show these changes in noncash current asset accounts: accounts receivable decreased$80,600, prepaid expenses increased$26,500, and inventories increased$42,000. Compute net cash provided by operating activities using the indirect method, assuming that net income is$205,500. (Show amounts that decrease cash flow with either a-sign eg,−15,000or in parenthesis eg.(15,000).
The net cash provided by operating activities using the indirect method assuming a net income is $140,400.
The net cash flow from the operating operations of a corporation shows whether any new money entered or left the company. The cash flow from these operations is a crucial metric to assess a company's financial performance. It represents revenue generated by an organization's ongoing commercial operations. It is shown as a corporation's first portion of the cash flow statement.
Calculating the adjusted income -
Adjusted net income = Net income + Decrease in accounts receivable - Prepaid Expenses
= 205,500 + (80,600) - 26,500
= 124,900 - 26,500
= 98,400
Calculating the net cash provided by operating activities:
Net cash provided by operating activities = Adjusted net income + Increase in inventories
= 98,400 + 42,000
= 140,400
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In 1959, 12 years after the Brooklyn Dodgers hired an African-American player, Jackie Robinson, the Boston Red Sox were the last major league baseball team to integrate when they brought up an African-American second baseman, Pumpsie Green. After hiring Jackie Robinson, the Dodgers won the National League pennant for seven of the next 13 years; the Red Sox won the American League pennant in 1946 but did not win again for 21 years. How did ending discrimination help the Dodgers? What was the effect of Jackie Robinson on the Red Sox? Who had gained and who had lost when the Sox discriminated against African-American players?
The MLB's first black player, Jackie Robinson, earned the NL MVP award in 1949. By that criterion, few individuals, and no athlete have had a greater influence on lives in the 20th century. Robinson started the flame and handed it off to numerous generations of athletes of African descent.
Robinson, however, was not present. Instead, he was in Boston for a "tryout" with the Boston Red Sox slated for April 12 at Fenway Park. Sam Jethroe and Marvin Williams, both players in the Negro League, joined Robinson there under the watchful eye of Red Sox scouts and manager Joe Cronin.
For good reason, many consider Jackie Robinson's Ebbets Field debut on April 15, 1947, with the Brooklyn Dodgers to be a pivotal moment in both sports and U.S. civil rights history. The second time Robinson did so occurred on that particular day, though, in baseball.
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jason incorporated maintains a qualified profit-sharing plan for its employees. this year, jason contributed $2,300 to preston's profit-sharing account. which of the following statements is true? multiple choice jason cannot deduct the contribution, and preston does not include the contribution in gross income. jason cannot deduct the contribution, but preston must include the contribution in gross income. jason can deduct the contribution, but preston does not include the contribution in gross income. jason can deduct the contribution, and preston must include the contribution in gross income.
The following statement "Jason can deduct the contribution, but Ms. Preston does not include the contribution in her gross income" is true.
Income, which is often stated in monetary terms, is the spending and saving opportunity acquired by an entity within a given duration. Conceptually, income is hard to define, and various disciplines may have distinct definitions. Haig-Simons income, which defines income as Consumption + Change in Net Worth and is commonly applied in economics, is a very significant definition of income.
Income is a total that includes any wages, salaries, profits, interest payments, rent, or other forms of earnings earned in a calendar year for families and individuals in the United States, as defined by tax law. Gross income for a business is the total revenue less the cost of items sold.
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one of the advantages of formal planning is group of answer choices does not become burdened by setting forth the resources required to complete the plan it precedes and ties together the other management functions of organizing, leading, and controlling the smaller the organization, the more time will be spent in a formalized planning process once written, assumptions are not difficult to change
One of the advantages of formal planning is that more time will be spent in a formalized planning process once written, assumptions are not difficult to change.
Formal planning tends to increase the likelihood of long-term survival of an organization. So, it can be said that planning shall provide a sense of vison, direction, rationale and purpose for the plan.
Such which can be easily communicated to other members of the organization, showing them that how serious it is about reaching these organizational goals. Thus, such assumptions are not difficult to change.
Hence, the formal strategic planning calls for an explicit process.
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Mabel, Loretta, and Margaret are equal partners in a local restaurant. The restaurant reports the following items for the current year:Revenue $600,000Business expenses 310,000Investment expenses 150,000Short-term capital gains 157,000Short-term capital losses (213,000)Each partner receives a Schedule K-1 with one-third of the preceding items reported to her. How must each individual report these results on her Form 1040?
Each individual should report these results on her Form 1040 with $96,666.67 income on Schedule E; $50,000 investment expense on Schedule A
What is the Form 1040?In U.S., the form 1040 are used by U.S. taxpayers to file an annual income tax return. According to IRS, the investment expense that is incurred would be eligible for the deduction and this would be added to the miscellaneous itemized deduction in Form 1040 Schedule A.
While assuming that the investment expense would be incurred for the investment earning, so, it would be reported to Schedule A for $50,000 (150,000/3) after considering the one-third.
And, the business income is reflected on Schedule A for $96,666.67 that is computed below:
= (Business revenue - business expense) / given ratio
= ($600,000 - $310,000) / 3
= $290,000 / 3
= $96,666.67
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a sales agent has been focusing on property management while sponsored by another broker over the last seven years. the sales agent has just received his broker's license and immediately opens his own brokerage office. numerous license holders with whom he worked in the past approach him for sponsorship, indicating a desire to do residential and commercial sales. the new broker has little experience in either area. although the new broker is anxious to get started, he is particularly concerned about his limited experience in residential and commercial sales. the new broker
Considering that a licence holder has the authority to represent buyers, sellers, and intermediaries. At the brokerage firm, licenced brokers are responsible for supervising both licenced salespeople and unlicensed workers.
Brokers are in charge of overseeing all real estate paperwork, even if they have someone else prepare and store them for them. A signed listing contract usually establishes the agency relationship. The buyer's representative, also referred to as a buyer's agent, is employed by potential buyers and represents their best licence at all times during the transaction. When the broker should have known that a statement about a substantial fact was false, there has been a negligent misrepresentation.
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The income statement, balance sheets, and additional information for Great Adventures, Inc., are provided below.
GREAT ADVENTURES, INC.
Income Statement
For the year ended December 31, 2022
Net revenues: $ 172,710 Expenses: Cost of goods sold $ 38,900 Operating expenses 56,280 Depreciation expense 17,850 Interest expense 7,782 Income tax expense 14,900 Total expenses 135,712 Net income $ 36,998 GREAT ADVENTURES, INC.
Balance Sheets
December 31, 2022 and 2021
Increase (I) or
2022 2021 Decrease (D)
Assets Current assets: Cash $ 211,112 $ 61,860 $ 149,252 (I)
Accounts receivable 48,320 0 48,320 (I)
Inventory 7,800 0 7,800 (I)
Other current assets 980 4,820 3,840 (D)
Long-term assets: Land 580,000 0 580,000 (I)
Buildings 824,000 0 824,000 (I)
Equipment 70,240 44,000 26,240 (I)
Accumulated depreciation (26,050 ) (8,200 ) 17,850 (I)
Total assets $ 1,716,402 $ 105,200 Liabilities and Stockholders’ Equity Current liabilities: Accounts payable $ 24,320 $ 2,960 $ 21,360 (I)
Interest payable 790 790 Income tax payable 14,900 14,080 820 (I)
Other current liabilities 23,400 0 23,400 (I)
Notes payable (current and long-term) 603,704 30,800 572,904 (I)
Stockholders’ equity: Common stock 128,000 20,000 108,000 (I)
Paid-in capital 976,800 0 976,800 (I)
Retained earnings 58,488 33,850 24,638 (I)
Treasury stock (114,000 ) 0 (114,000 ) (I)
Total liabilities and stockholders’ equity $ 1,716,402 $ 105,200 Additional Information for 2022:
Land of $580,000 was obtained by issuing a note payable to the seller.
Buildings of $824,000 and equipment of $26,240 were purchased using cash.
Monthly payments during the year reduced notes payable by $7,096.
Issued common stock for $1,080,000.
Purchased 10,800 shares of treasury stock for $19 per share.
Sold 4,800 shares of treasury stock at $20 per share.
Declared and paid a cash dividend of $12,360
Required:
Prepare the statement of cash flows for the year ended December 31, 2022, using the indirect method. (List cash outflows and any decrease in cash as negative amounts.)
GREAT ADVENTURES, INC.
Statement of Cash Flows
For the Year Ended December 31, 2022
Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities: Net cash flow from operating activities $0
Cash Flows from Investing Activities Net cash flow from investing activities 0
Cash Flows from Financing Activities Net cash flows from financing activities 0
0
Cash at the beginning of the period Cash at the end of the period $0
Note: Noncash Activities
One of a company's financial statements, an income statement or profit and loss account[1] (also known as a profit and loss statement (P&L), statement of profit or loss, revenue statement,
income statement of financial performance, earnings statement, statement of earnings, operating statement, or statement of operations)[2] displays a company's revenues and expenses for a specific time period. [1] It describes the process by which the revenues, or "top line," are converted into net income or net profit (the result after all revenues and expenses have been accounted for). Managers and investors can determine if a company gained money (profit) or lost money (loss) during the reporting period by looking at the income statement. An income statement depicts a time frame.
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1. Explain each of the following statements using
supply-and-demand diagrams.
a. "When a cold snap hits Florida, the price of
orange juice rises in supermarkets through-
out the country."
b. "When the weather turns warm in New
England every summer, the price of hotel
rooms in Caribbean resorts plummets."
c. "When a war breaks out in the Middle East,
the price of gasoline rises, and the price of a
used Cadillac falls."
( this is for my macroeconomics class)
Due to crop damage or transportation issues, Florida cold snaps may impair orange juice supplies.
When New England becomes hotter in July, fewer people want to fly to the Caribbean.
Due to transportation issues or manufacturing facility damage, Middle East wars may impair gasoline supplies.
What is supply-and-demand?Generally, When a cold snap hits Florida, the supply of orange juice may be disrupted due to damage to crops or transportation difficulties. This decrease in supply would shift the supply curve to the left, leading to an increase in the equilibrium price of orange juice. The demand for orange juice may also increase due to its perceived health benefits or as a result of consumers stockpiling it in anticipation of further supply disruptions. This increase in demand would shift the demand curve to the right, further contributing to the increase in the equilibrium price.
b. When the weather turns warm in New England every summer, the demand for hotel rooms in Caribbean resorts may decrease as fewer people are interested in traveling to a warm destination. This decrease in demand would shift the demand curve to the left, leading to a decrease in the equilibrium price of hotel rooms. The supply of hotel rooms may also increase as more resorts offer discounts and promotions to attract travelers. This increase in supply would shift the supply curve to the right, further contributing to the decrease in the equilibrium price.
c. When a war breaks out in the Middle East, the supply of gasoline may be disrupted due to transportation difficulties or damage to production facilities. This decrease in supply would shift the supply curve to the left, leading to an increase in the equilibrium price of gasoline.
The demand for gasoline may also increase as a result of increased military activity or as a result of consumers stockpiling it in anticipation of further supply disruptions. This increase in demand would shift the demand curve to the right, further contributing to the increase in the equilibrium price.
The demand for used Cadillacs may decrease as consumers reduce their spending on non-essential items or as a result of decreased consumer confidence. This decrease in demand would shift the demand curve to the left, leading to a decrease in the equilibrium price of used Cadillacs.
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