Price elasticity of demand for a good (In financial accounting, a balance sheet is a summary of the financial balances of an individual or organization, whether it be a sole proprietorship,
a business partnership, a corporation, a private limited company, or other organization such as government or not-for-profit entity. As of a particular date, such as the conclusion of its financial year, assets, liabilities, and ownership equity are listed. It's common to refer to a balance sheet as a "picture of a company's financial status." [1] The balance sheet is the only one of the four fundamental financial statements that only applies at one particular period in a company's fiscal year.
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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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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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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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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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afecreen inc. has an average of 85 working days in a quarter. the company conducts quality checks to assess the performance of its employees. the employees who perform well may receive a bonus after 70 days or 100 days, but the average interval between the completion of tasks and the receiving of bonus is 85 days. in the context of reinforcement theory of motivation, which of the following intermittent reinforcement schedules does this scenario best illustrate?
This scenario best illustrates an interval ratio schedule of reinforcement.
This type of reinforcement schedule provides a reward after a certain number of responses (in this case, the completion of tasks) have been made. The average interval between the completion of tasks and the receiving of bonus (85 days) is set as the interval ratio, and the reward is given after 70 or 100 responses. This type of reinforcement helps to maintain motivation and encourages employees to continue to perform well.
A psychological theory called reinforcement theory contends that actions have consequences and that reinforcement, punishment, and extinction are effective ways to alter behaviour.
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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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in the economy of scottopia, policy makers want to lower the unemployment rate and raise real gdp by using monetary policy. in the accompanying diagram, shift the ad, lras, and/or sras curves and move the equilibrium point to its new position to show why this policy will ultimately result in a higher aggregate price level but no change in real gdp.
A higher overall price level with no corresponding change in actual GDP The rate of unemployment is equal to the natural rate of unemployment when an economy is producing at its full employment output.
Which of the following best describes inflation that is still taking place, but more slowly?Deflation, the antithesis of inflation, is primarily caused by shifts in supply and demand. Disinflation, on the other hand, shows how quickly inflation changes over time. Inflation is still beneficial even though it is declining over time.
What remedies are available for the growing unemployment?To lower unemployment, industrial activity needs to be decentralized. There will be fewer job prospects in a region where industrial activity is concentrated.
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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.
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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matisse co. reported total revenues of $100,000 and total expenses of $90,000. the net profit margin is: multiple choice $10,000 10% 11% 111%
The net profit margin for matisse co is 10%.
Net profit is determined by subtracting all business costs from net income. A percentage is the outcome of the profit margin computation; for instance, a 10% profit margin indicates that for every $1 in revenue, the company makes $0.10 in net profit. Revenue is a period's value of the company's entire sales.
One of the most essential measures of a business's financial health is its net profit margin. A business can determine whether its existing procedures are effective and estimate earnings based on revenues by monitoring growth and reductions in its net profit margin.
Net profit margin= Net profit/Revenue
Net profit=Revenue-expenses
Net profit=$100,000-$90,000
Net profit=$10,000
Net profit margin=$10,000/$100,000=10%
Therefore, the net profit margin is 10%.
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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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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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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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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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under the investment advisers act of 1940, it is legal for an investment adviser to rebate the commission on a mutual fund sale to a client who has already paid a fee for investment advice keep the commission on a mutual fund sale when the client who purchased the shares has already paid for investment advice reduce a client's advisory fee by any commissions earned on mutual fund sales to that client
According to investment advisers act, businesses or lone practitioners who are paid to advise people on securities investments must register with the SEC and abide by rules intended to safeguard investors.
The Investment Advisers Act of 1940 is a federal legislation in the United States that governs and specifies an investment adviser's obligations. The legislation establishes the legal framework for regulating persons who advise pension funds, individuals, and organizations on topics of investing. It was inspired, in part, by a 1935 report to Congress on investment trusts and investment corporations written by the Securities and Exchange Commission (SEC). It establishes who must register with local, state, and federal agencies in order to provide financial advice as well as what counts as investment advice. The stock market crash of 1929 and its terrible aftereffect, the Great Depression, served as the initial motivation for the Investment Advisers Act of 1940, as well as for many other important financial legislation of the 1930s and 1940s.
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which of the following is a drawback of a sole proprietorship, sp? group of answer choices ownership and control by a single person none of the above ease of setup and liquidation unlimited life of the sp company owner
All the given statements of sole proprietorship is true.
So correct answer is option B.
The sole proprietorship is the most basic legal form of business organisation. Businesses run by one individual are not considered legal entities. It designates one individual as the business's sole proprietor and the only person responsible for paying off any obligations. A sole proprietorship may conduct business under its owner's name or a made-up name, such as Nancy's Nail Salon. The fake name is only used as a trade name by the only proprietor owner. It doesn't produce any additional legal entities.
The sole proprietorship is a well-known business structure due to its simplicity, ease of formation, and low cost. A sole proprietor just needs to register their name and acquire the required local licences in order to launch a firm.
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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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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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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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imagine that you manage a small appliance store where salespeople are paid an hourly wage with no bonus or additional compensation. recently, a big-box store has been luring away your best people by offering them not only a higher hourly wage, but also pay for performance (based on their sales). list and explain at least three non monetary ways to improve your employee retention.
For this situation, using a quantitative analysis tool would be the best compensation course of action. By upholding higher operational standards and increasing its adaptability in the specific operating environment.
The implementation of quantitative forecasting approach would give the organizational structure with an acceptable level of support.
The best strategy to increase the adaptability of the main appliances store would be to look at the records as well as past sales records and forecast the necessity accordingly.
Looking at the organization's record-keeping procedures, such as its electronic record-keeping procedures, would also be a good way to increase the likelihood that a particular implementation guide will produce better results. The availability of information from the previous year can be used to predict the type of upcoming sales.
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which of the following statements about strategic planning are true? (choose every correct answer.) multiple select question. it focuses primarily on the organization's short-term goals. it requires visionary and directional thinking. it should be done approximately every ten years. it should communicate general goals and ways to achieve them.
Option (b) is correct. It requires visionary and directional thinking to implement strategic planning.
To create a specific business strategy strategic planning is used. It is used in implementing and evaluating the results of executing the plan. It is a concept that focuses on integrating various departments such as accounting and finance, marketing, and human resources within a company to accomplish its strategic goals. The term strategic planning is essentially synonymous with strategic management. The strategic planning process requires considerable thought and planning on the part of a company’s upper level management. Before settling on a plan of action and then determining how to strategically implement it executives may consider many possible options.
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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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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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Which scenario demonstrates a wise use of credit cards?
A. Spencer chooses a credit card with a low interest rate and low
credit limit. He pays off the total charges each month.
B. Stephanie gets as many credit cards as she can. She spreads her
expenses among the cards and makes the minimum payment on
each.
C. Brianna pays off the minimum on her credit card. She leaves the
large balance for when she will make more money.
D. Avery applies for the first credit card offer he receives in the mail.
He saves time because all creditors offer the same terms.
Answer:
A. Spencer chooses a credit card with a low interest rate and low credit limit. He pays off the total charges each month.
Explanation:
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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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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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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On December 31, 20X5, Pluto Company acquired 100 percent of Saturn Corporation's common stock for $300,000. Balance sheet information for Saturn just prior to the acquisition is given here: Cash and Receivables Inventory Land Buildings and Equipment (net) Total Assets Accounts Payable Bonds Payable Common Stock Retained Earnings Total Liabilities and Stockholders' Equity $ 35,000 75,000 100,000 220,000 S 430,000 $65,000 150,000 100,000 115,000 $ 430,000 At the date of the business combination, Saturn's net assets and liabilities approximated fair value except for inventory, which had a fair value of $60,000, land which had a fair value of $125,000, and buildings and equipment (net), which had a fair value of $250,000.
Based on the information provided, the amount of inventory which will be included in the consolidated balance sheet immediately following the acquisition is $60,000.
A balance sheet is a summary of the financial position of a person or organization in financial accounting, whether it is a sole proprietorship, business partnership, corporation, limited liability company, etc. partnership or another type of organization such as a government or nonprofit organization.
From a specific date, such as the end of a financial year, assets, liabilities and equity are mentioned. The balance sheet is often thought of as a "picture of a company's financial health". The balance sheet is one of the four basic financial statements that apply only to a certain period of time in a company's financial year.
Hence the correct option is A
The above question is incomplete, the complete question is-
On December 31, 20X9, Pluto Company acquired 100 percent of Saturn Corporation's common stock for $300,000. Balance sheet information for Saturn just prior to the acquisition is given here:
Cash & Receivables $35,000
Inventory 75,000
Land 100,000
Buildings & Equip (net) 220,000
Total Assets $430,000
Accounts Payable $65,000
Bonds Payable 150,000
Common Stock 100,000
Retained Earnings 115,000
Total Liabilities & SE $430,000
At the date of the business combination, Saturn's net assets and liabilities approximated fair value except for inventory, which had a fair value of $60,000, land which had a fair value of $125,000, and buildings and equipment (net), which had a fair value of $250,000.
Based on the information provided, what amount of inventory will be included in the consolidated balance sheet immediately following the acquisition?
A) $60,000
B) $75,000
C) $15,000
D) $45,000
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The Case:During the course of a study, the researcher reports to the IRB that the consent form needs to be changed to reflect her new contact information.
The Question: Who can approve this change?
The researcher notifies the IRB during course of the research that the Chair of IRB should update the consent form to reflect her updated contact information.
An IRB is what?An Institutional Examine Board is a body that has been explicitly authorized to review and oversee science research involving human beings in accordance with FDA standards. An IRB has the power to approve, demand changes be made (to achieve approval), or reject research in compliance with FDA standards.
What does IRB in education mean?The American Psychological Association's Committee on Associates and Baccalaureate Teaching (CABE) acknowledges the necessity for Institutional Watchdog Groups (IRBs) to examine proposed research at all research universities if (a) research involving human participants.
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Which of the following price setting methods considers the price that other providers charge for the same product? a. demand-based method b. cost plus method c. total cost method d. competition based method
The right answer is D. The rate that other suppliers charge for the identical goods is taken into account by the competition-based method.
What are pricing strategies based on competition?Competitor-based pricing, as the name suggests, is a pricing method in which a business determines the price of its products after examining the competition. However, this method just considers the sale price of both the rivals' goods and does not account for starting expenditures.
What are the four competitive advantage factors?Superior efficiency, quality, invention, and customer accountability are the four criteria that assist the business create and maintain a competitive advantage. Each of these elements is the outcome of a company's unique competence.
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