Wallace has decided that he wants to move on from his entrepreneurial business and take his financial profits from his hard work. This is an example of harvesting.
What is entrepreneurial business?Entrepreneurship is the process of producing or removing economic value. With this definition, entrepreneurship is considered as change, typically involving risk above and above what is typical when beginning a business, and maybe involving values other than just economic ones.
The process of creating, setting up, and managing a new business in order to make money while taking on financial risk is essentially what is meant by the term "entrepreneurship."
"Entrepreneurship is the development of novel, creative ideas that can advance both the economic and social conditions of society. It fosters the entrepreneurial spirit necessary for success by assisting people in developing ideas that can address societal issues. It entails being free from the worry of failing to pursue your passions.
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the process of determining whether there are any protected class groups whose proportion in a given job category within a company is substantially different from their proportion in the relevant labor market is called:
The process of determining whether there are any protected class groups whose proportion in a given job category within a company is substantially different from their proportion in the relevant labor market is called utilization analysis.
An investigation of a workforce's demographics is known as a utilization analysis, also known as a workforce utilization review. The goal is to determine if a business employs a certain groups (such as women, minorities, etc.) at a rate that is consistent with the availability of the workforce or not (the estimated number of people in designated groups who are available for work).
Utilization analysis is crucial because it guarantees employees and certain groups equitable access to and access to opportunities. Not to mention, it motivates businesses to maintain their diversity and inclusion initiatives in accordance with the laws and guidelines overseen by the Equal Employment Opportunity Commission (EEOC).
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on january 2, 2018, moser, inc., purchased equipment for $100,000. the equipment was expected to have a $10,000 salvage value at the end of its estimated six-year useful life. straight-line depreciation has been recorded. before adjusting the accounts for 2022, moser decided that the useful life of the equipment should be extended by three years and the salvage value decreased to $8,000.
A) Debit Depreciation expense of $6,400
Credit Accumulated depreciation $6,400
B) The book value is $33,600.
A non-cash business expense called depreciation is assessed throughout the time that an asset is valuable to your company. By removing the cost of using up a portion of an asset's worth from taxable revenue, every organization can benefit from depreciation.
A) Debit Depreciation expenses-Equipment $6,400
Credit Accumulated Depreciation-Equipment $6,400
(To record depreciation expense )
Depreciation =($100,000 - $10,000) / 6 years
Depreciation=$15,000
Carrying value of equipment =$100,000 - ($15,000×4)
Carrying value of equipment =$40,000
Remaining revised useful life =9 years - 4 years
Remaining revised useful life=5 years
Revised Depreciation on equipment =($40,000 - $8,000) / 5 years
Revised Depreciation on equipment =$6,400
B) Book value of equipment
Book value =$40,000 - $6,400
Book value=$33,600
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The complete question is:
On January 2, 2018, Moser, Inc., purchased equipment for $100,000. The equipment was expected to have a $10,000 salvage value at the end of its estimated six-year useful life. Straight-line depreciation has been recorded. Before adjusting the accounts for 2022, Moser decided that the useful life of the equipment should be extended by three years and the salvage value decreased to $8,000.
a. Prepare a journal entry to record the depreciation expense on the equipment for 2019. Round your answer to the nearest dollar.
b. What is the book value of the equipment at the end of 2019 (after recording the depreciation expense for 2019)?
unilever reduced the number of popsicles in each package from 24 to 20 without changing the package price. the tactic unilever is using here is called multiple choice market modification. product extension. rebranding. trading up. shrinkflation.
As Unilever firm has reduced the number of popsicles in each package from 24 to 20 without changing the package price, the tactic that the firm is using here is called a shrinkflation.
What is known as shrinkflation in marketing?Basically, a shrinkflation refers to the reduction in the size of a product in response to rising production costs or market competition. The practice involves the reduction of the size of a product while maintaining its sticker price. By raising the price per given amount is a strategy employed by companies to stealthily boost profit margins or maintain them in the face of rising input costs.
Furthermore, the strategy is often referred to as package downsizing in business and academic research. The less common usage of this term may refer to a macroeconomic situation where the economy is contracting while also experiencing a rising price level. Therefore, rather than the firm increasing the price of a product, its simply offers a smaller package for the same sticker price.
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the premium on a pound put option is $.03 per unit. the exercise price is $1.60. the break-even point is for the buyer of the put, and for the seller of the put. (assume zero transactions costs and that the buyer and seller of the put option are speculators.) a. none of these are correct. b. $1.63; $1.60 c. $1.57; $1.63 d. $1.63; $1.63 e. $1.63; $1.57
The break even points for the buyer and seller are $1.63 and $1.57 respectively.The break-even point for your small business is essentially the moment at which total costs and total revenues are equal; there is simply no loss or gain.
On the other hand, you have now reached the point in production where a product’s sales are equal to its production costs.
Exercise cost plus premium = break-even point Buyers’ break-even point is 1.60 + 0.03 = $1.63.Calculating the seller’s break event point:Breakeven point is equal to exercise price minus premium (1.60-0.03 = $1.57).Seller’s break-even point is $1.57.Revenues for a product are equivalent to production.
Exercise cost plus premium = break-even point buyers’ break-even threshold is 1.60 plus 0.03 calculation of seller’s break event point: = $1.63 breakeven point is equal to exercise price minus premium (1.60-0.03 = $1.57).An owner is defined by the BEP as having the revenue necessary to pay for all costs, including fixed costs. If properly applied, the BEP could reduce expenditures.Controlling fixed costs and recognizing when to expect future increases in fixed costs.
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when comparing the adjusting process under the perpetual and the periodic inventory systems, a.the ending inventory is determined by a physical count under both systems. b.no entry is made for estimated returns inventory under the periodic inventory system. c.the cost of goods sold account is reduced by the cost of estimated returns inventory for the current year under the perpetual inventory system. d.the inventory shrinkage adjustment is the same under both systems.
The ending inventory is determined by a physical count under both systems, comparing the adjustment procedure under the perpetual and periodic inventory methods.
The process of tracking stock, suppliers, and sales along the full supply chain is known as an inventory system. Companies utilize inventory systems to make sure they are aware of exactly what products are on hand and where they are. To assist businesses in organizing and keeping track of their stock, inventory methods give accurate records of new and returned goods as they enter or leave the warehouse. Additionally, they perpetual can keep track of information about the quantity sold, the cost per unit, the serial number, the lot number, the dates of purchase and manufacturing.
A company's ability to accurately manage and track perpetual their inventory with the aid of inventory management systems can help avoid overstocking or understocking of their products.
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Alex purchases a computer from dell to be delivered via fed ex. Dell delivers the computer to fed ex to be shipped to alex. During the delivery, the fed ex driver is having a bad day and just throws the boxes out the window of the delivery truck rather than setting the box by the front door as is standard practice. While throwing the computer it is damaged. Would dell be responsible for the damage to the computer?.
In the above case, Dell will not be held responsible for any damage to the computer because the title transfers to the buyer once the good is delivered to a common carrier.
When a company like Dell, sends over its product either through delivery by a common carrier such as FedEx or the buyer itself, the company will change the title transfer to the buyer. Hence, in no case, will Dell be responsible for the damage to the computer after it has been sent for delivery.
One needs to consult companies such as FedEx to know if they claim responsibility for a product if damaged at the time of delivery. Many carrier companies do not have this policy and usually, the buyer is accountable for the damage even if it is made during the delivery.
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assume that investment does not depend on the interest rate. a reduction in the money supply will cause which of the following for this economy? a) no change in the interest rate b) no change in output c) a reduction in investment d) an increase in investment
If money supply gets reduced in the economy, it will cause a reduction in the investment because there will be lower amount of money in the hands of people. So, the correct answer is (c).
The total amount of money and other liquid assets in an economy on the measurement date is termed as the money supply. Both cash and savings that can be obtained virtually as readily as cash are generally comprised of the money supply.
Through a mix of their central banks and treasuries, governments issue coin and printed money. By setting reserve holding limits on banks, regulating how to extend credit, and managing other money problems, banking institutions have an influence on the amount of money supply with the general people. Higher money supply in economy leads to higher investment whereas, lower money supply will cause lower investment.
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which of the following is true of coordinated management of meaning (cmm)? group of answer choices it focuses on the effects of conflict in relationships. all of these answers are correct. it focuses on how individuals establish rules for creating and interpreting meaning. it focuses on the linear nature of communication and its influences.
Coordinated Management of Meaning (CMM) focuses on how individuals establish rules for creating and interpreting meaning.
The Coordinated Management of Meaning (CMM) adopts a communication approach grounded in social constructionism, contending that our ability to interact with one another shapes the social contexts in which we live. It's a useful theory with a number of proven models and applications.
The CMM is a theory that describes the method through which we generate meaning and control social reality through social communication. This CMM idea encourages people to articulate a process for producing prepositions in response to a scenario. The steps are taken in the right order to display the proper action or reaction.
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Which of the following factors do businesses consider
Meanwhile, productivity rose as a result of new technology. What will be the businesses economy's most likely short-term factors effects. A higher output level and an unspecified price level emerge from a rightward shift.
In both the short-run aggregate supply (SRAS) and aggregate demand (AD) curves. The SRAS curve shifts to the left as the price factors of these inputs rises, indicating that, at each level of output price, a higher input price will discourage production because it will make it more difficult to turn a businesses profit. The real wage rate declines and employment rises when the price level rises and the money wage rate remains constant.
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beginning inventory was $5,000. during the month, the company purchased an additional $25,000 of inventory. at the end of the month, ending inventory was $10,000. cost of goods sold equals .
Beginning inventory was $5,000. during the month, the company purchased an additional $25,000 of inventory and sold goods that cost $20,000.
Ending inventory was
value of goods sold=beginning inventory+Purchases-ending inventory
20000=5000+25000-finishing stock
finishing inventory=(5000+25000-20000)
=$10000.
The 4 maximum normally used inventory kinds are uncooked materials, paintings in the process (WIP), finished goods, upkeep, repairs and overhauls (MRO). knowing the nature of your inventory will help you manipulate your stock better and smarter.
a firm should accept independent projects if? a. the pi (profitability index) is < 1. b. the npv (net present value) is > 0. c. the irr (internal rate of return) is < wacc (weighed average cost of capital). d. the discounted payback is greater than the payback.
Firms should accept independent projects if b. the NPV (net present value) is > 0.
When should a company accept independent projects?There are several criteria that a company should look into when they want to accept independent project and one of them is the Net Present Value or NPV.
The Net Present Value shows the present value of the cash inflows to the company as a result of the project, less the cash outflows and original investment into the project. If the Net Present Value for both projects is greater than 0, then the independent projects should both be chosen.
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the third purpose of government regulation is to . question content area bottom part 1 a. punish companies for unlawful behavior b. regulate and constrain companies c. protect consumers from unfair international trade d. protect companies from each other e. protect the interests of society against unrestrained business practices
The third purpose of government regulation is to protect the interests of society against unrestrained business practices.
What is meant by government regulations?
This is the term tat is used to refer to all of the ways that the government of a nation would have to conduct the market that is in an area. That is the rules and the regulations that the government of a place would put so as to take care of the market situation and businesses in the area.
There are several reasons why the government of a place would have to carry out regulations. The reasons are:
In order to prevent monopoly in the areaTo take care of all international businessesTo protect the interests of the people so that they do not encounter bad practices.To regulate the companiesTop protect the people from the international practices that are seen to be unfair.Therefore we would conclude by saying that the third purpose that the government of a nation would have is to protect the interest of the people of the nation.
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the leadership team of popso soda company includes a president and vice presidents of operations, marketing, human resources, and finance. popso seems to utilize which type of organizational structure?
Popso seems to utilize functional type of organizational structure .
A functional structure is a business structure that's grounded on the function of each position within the business and the knowledge and chops of the platoon members that perform each part.
Functional organizational structure:Functional structure is having positions with the highest rank of responsibility at the top level and goes down from there. A functional organizational structure is a structure used to organize workers. They're grouped grounded on their specific chops and knowledge. It vertically structures each department with places from the chairman to finance and deals departments, to client service, to workers assigned to one product or service.
What are the characteristics of functional organizational structure?A functional type is a perpendicular scale. The company is divided into different functional departments with workers who specialize in specific tasks. Functional departments generally operate in silos because each group has its own independent perpendicular operation structure.
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Jasper takes a lot of short videos for his job as an HR trainer. What is one reason he might want to store the video files on an external hard drive? A. Files stored on hard drives are easier to share. B. The files are large and slow down his computer. C. He can just hand his hard drive to any employee who needs training. D. The files could give his computer a virus.
Answer:
B, the files are large and slow down his computer.
Explanation:
Yes, files tored on ahrd drives are easier to share, but with technology nowadays, this isn;t all true. As for C, why would he hand it to someone in training, thats debunked there. For D, yes this could happen but it's not common especially if they're work files. B is correct because these files take up space on the computer and when the computer runs so many things in the baground, it runs slower. It's not good to have so many files clouding the things on the computer.
One reason he might want to keep the video files on an external hard drive is that they are large and will slow down his computer.
What is external hard drive?An external hard drive is a portable storage device that can be connected to a computer via USB, FireWire, or wirelessly. External hard drives have large storage capacities and are frequently used to backup computers or as a network drive. This was most recently updated in October 2012. External hard drives vary in storage capacity, but they all connect to a computer via USB, FireWire, eSATA, or wirelessly. External hard drives are also known as portable hard drives. A flash drive is a popular and extremely portable type of external hard drive. The primary distinction between an internal and external hard drive is location.To learn more about external hard drive, refer to:
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Business markets differ in many ways from consumer markets. The main differences are in ________, __________, and __________.
Business markets differ in many ways from consumer markets. The main differences are in Market structure and demand, the nature of the buying unit, and the types of decisions and the decision process involved.
The term "consumer markets" refers to a market where people acquire goods or services for their own use rather than to resell. Products that individuals use on a daily basis make up the majority of the goods sold in consumer markets. Using a business markets is a strategy used by a corporation to offer goods or services to a certain clientele. Business markets frequently enable transactions between businesses when one intends to reuse or resell the goods or services of another. There are several attributes of a consumer market. Age, gender, occupation, household income, and race are examples of demographic factors. Population density, region, and climate are examples of geographic characteristics.
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the marginal product of labor in the production of computer chips is 50 chips per hour. the marginal rate of technical substitution of hours of labor for hours of machine capital is 1/4. what is the marginal product of capital?
The marginal product of capital is 250 chips .
Marginal product = Changed output ÷ changed input.
In another ways, we can say marginal product leads to an increase of total product output with the help of additional workers or input.
Evaluating :Step 1 : The marginal rate of technical substitution is defined as the ratio of marginal productivity of each input.
For instance, suppose the marginal productivity of capital is 50 units, and the marginal productivity of labor is 25 units. Then the value of MRTS is 0.5.
Step 2: The computation of MRTS
The formula for marginal rate of technical substitution is:
MRTS = MPL ÷ MPK
Here,
MRTS = [tex]\frac{MPL}{MPK}[/tex]
[tex]\frac{1}{5} = \frac{50}{MPK}[/tex]
MPK = 5 × 50
MPK = 250
The marginal product of capital is 250 chips.
Marginal Rate of Technical Substitution:The marginal rate of specialized negotiation( MRTS) is an profitable proposition that illustrates the rate at which one factor must drop so that the same position of productivity can be maintained when another factor is increased.
Marginal product :
The marginal product of an input, say labour, is defined as the redundant affair that results from adding one unit of the input to the being combination of productive factors. Marginal product is pertained to as the change in affair seen with per unit change of an input while keeping all other factors of input constant. Example : Labour, accoutrements etc.
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beginning inventory consists of 4 items at $10 each. during the month, the company purchased 3 items for $11 each and it sold 3 items. using first-in, first-out, the 3 goods sold are assumed to be . multiple choice question.
The beginning inventory consists of 4 items at $10 each. during the month, the company purchased 3 items for $11 each and it sold 3 items. using first-in, first-out, the 3 goods sold are assumed to be $30 that is option E
First in, first out (FIFO) is an acronym used in computer science and systems theory to describe a way of managing the modification of a data structure, frequently a data buffer, where the oldest (first) entry, or "head" of the queue, is processed first.
This sort of processing is comparable to serving customers in a line in the order they arrive at the back of the line, or on a first-come, first-served (FCFS) basis.
Given Data:
Beginning Inventory = 4 times at $10 each
3 new items were purchased for $11 each
Sold = 3 items (FIFO)
3 of the units sold under FIFO are from the initial stock.
Price of products sold = 3 x $10 = $30.
Therefore, the price of the products sold is $30. (Option E)
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COMPLETE QUESTION:
beginning inventory consists of 4 items at $10 each. during the month, the company purchased 3 items for $11 each and sold 3 items. using first-in, first-out, the 3 goods sold are assumed to be:
A) $31 (rounded to the nearest dollar)
B) An indeterminable amount given the specific items sold was not identified.
C) $33
D) $31.50
E) $30
lauryn’s doll co. had ebit last year of $45 million, which is net of a depreciation expense of $4.5 million. in addition, lauryn’s made $4.25 million in capital expenditures and increased net working capital by $4.1 million. assume that lauryn’s has a reported equity beta of 1.5, a debt-to-equity ratio of .3, and a tax rate of 21 percent. what is lauryn’s fcf for the year?(do not round intermediate calculations. enter your answer in millions rounded to 2 decimal places.)
If Lauryn's has a reported equity beta of 1.5, a debt-to-equity ratio of .3, and a tax rate of 21 percent.. The Free Cash Flow (FCF) of Lauryn's for the year is 20.45
FCF = (EBIT -Depreciation)× ( 1- Tax rate) + Depreciation - Capital expenditure - Working Capital investment = (45 -4.5 ) × ( 1 - 40%) + 4.5 - 4.25 -4.1 = 20.45
Beta Asset = Beta Equity /( 1 + (1-tax rate)×D/E) = 1.5/( 1 + ( 1-40%)× 0.3) = 1.2712
According To Capm WACC = Risk free rate + Betaasset × Market Risk Premium = 4% + 1.2712 × 12% = 19.2544%
Value of The firm = FCFF × ( 1+growth)/(Return - Growth) = 20.45 × 1.02/(19.2544% - 2%) = 120.89 million
Free cash flow (FCF) is the money a business makes after subtracting the cash it must spend to run its business and maintain its capital assets. Or to put it another way, free cash flow is the money that remains after a business pays its operating expenses (OpEx) and capital expenditures (CapEx).A corporation may do whatever it wants with FCF, which is the money that is left over after paying for expenses like labor, rent, and taxes. A company's cash management will be aided by knowing how to compute and analyze free cash flow. Investors can improve their investment choices by using the FCF calculation to get insight into a company's financials.Learn more about Free cash flow (FCF), here
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consider a customer service office that handles customers' requests. the arrival rate of customers is 100 customers per hour. the office has a processing capacity of 50 customers per hour. the office opens at 7 am and closes at 6:00 pm.
The average number of arrivals during an average service period is also reflected in the relationship between customer arrival rate and customer service rate, x = a/h.
The percentage of time the customer server is busy can also be shown to be represented by this formula. Simply said, the arrival rate is the number of arrivals within a certain period of time (e.g., per hour, day etc.). The formula arrival rate = 1/inter-arrival time can be used to calculate it. What is the likelihood that a customer will stay in the bank longer than 15 minutes? P(X>15) = e –15λ = e –3/2 . service According to Little's Law, the average length of a line (L) is equal to the sum of the system's throughput times the amount of time people spend waiting in line (W) (Lambda). So, L is equal to Lambda*W.
We are aware that our relationship is sinusoidal, with minimal values at 9:00 am and 9:00 pm.
The maximum time, at 3:00 pm, is at t = 6 hours if we define 9:00 am as our t = 0.
the second minimum, service which occurs at 9:00 p.m., is at t = 12 hours.
The next step is to identify a trigonometric function that is minimum at time t = 0, which can be done as follows: customer
-Cos(c*t)
when t = 0
-cos(0) = - 1
there comes a purpose:
A*cos(c*t) = -C(t) + B
the constants A, c, and B.
Knowing that we have no clients at time t = 0 and a maximum of 875 customers at time t = 6h.
then: C(0) = 0 = -A + B
Consequently, A = B.
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owns a catering business, and he has put all his savings into running this business. during the busy holiday season, he realizes that he needs short-term help financing the business' operations, so he goes to the bank to request $25,000. the bank agrees to lend mauricio this amount of money. what type of bank loans does this scenario best describe?
The type of bank loan that best describes this scenario is
an unsecured loana secured loana trade credita certificate of deposita line of creditBank loans can be described as an amount of money loaned at interest by a bank to a borrower, usually on collateral security, for a certain period of time. Bank loans also can be described as a common form of finance, like trade credit and overdraft facilities.
Bank loans can be divided into several types, such as:
Personal Loan.Gold Loan.Rental Deposit Loan.Loan Against Property.Two & Three Wheeler Loan.Business Loan.Home Loan.Personal Loan for Self-employed Individuals.Learn more about bank loans here https://brainly.com/question/28234496
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In which market would a producer sell bicycles to consumers?
In the markets for goods and services, a producer would sell his bike for purchase by customers.
What is the market for goods and services?Consumers buy consumables on the products and services market, and firms sell their commodities there. The market encompasses physical stores, the Internet, and any other location where consumers can exchange products and services.
The trading of finished goods takes place here. Businesses receive payment from customers in exchange for goods. The consumer gives money to the business in a flow. In contrast to this, enterprises can buy the materials they need on the factor market to make an item.
The rule of supply and demand governs how much is produced and at what price in the market for products and services.
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notices in her neighborhood promising to pay $1,000 for the return of her missing dog, jagger. seeing the notice, selena finds the missing dog and returns it to halsey. what type of contract is this?
This contract is an example of a unilateral contract.
What is contract?
A contract is an enforceable legal arrangement that establishes, details, and regulates the rights and obligations of the parties. The exchange of goods, services, money, or even a promise to transmit any of those at a later time are common components of contracts. The injured party could seek judicial remedies like damages or rescission in the event of a contract breach. Agreements must be kept, which is the foundation of contract law, a branch of the law of obligations that deals with contracts. Like other regions of private law, contract law differs from jurisdiction to jurisdiction. Common law jurisdictions, civil litigation jurisdictions, and mixed law jurisdictions, which combine elements both of common and civil law, can be used to categorise the various systems of contract law.
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you are employed by atramento, a maker of fountain pen ink, as the purchasing executive with the authority of approving the purchase of supplies. one of the suppliers being considered by atramento is a company owned by your spouse. this situation is an example of:
As the purchasing executive with the authority of approving the purchase of supplies. one of the suppliers being considered by atramentous is a company owned by your spouse. this situation is an example of a conflict of interest.
Atramentum or atrament commonly means a totally black, usually liquid, substance. For instance, an octopus might also emit a gasp of atrament (see cephalopod ink). In historic Rome, the time period Sacramentum signified any black coloring substance used for any cause. The Romans prominent 3 major varieties of Sacramentum, one called librarian (or scriptorium), any other called deuterium, and the 0.33 tectorium. Atramentum librarian was the writing ink of Roman times, Sacramentum auditorium was used by shoemakers for dyeing leather-based, and Sacramentum tectorium (or pidorium) was utilized by painters for some functions, seemingly as a type of varnish.
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suppose a state passes a minimum wage law that increases the minimum wage from $5/hour to $20/hour. the equilibrium wage prior to the minimum wage hike was $10/hour. quizlet
Some employers and workers will agree on a wage less than $20 and not report the wages to the government, or the black market.
Paid on an hourly basis, earnings for wage workers are determined by the number of hours worked during the pay period. Regardless of the number of hours they worked within a pay period, salaried employees receive a certain sum. As a result of reduced "decision fatigue" and improved physical and mental health, greater pay has been linked by economists to increased productivity.
The term "black market" refers to illegal trading that occurs in secrecy or under cover of darkness. Black market trade is an entire sector of an economy that cannot be precisely assessed since it takes place "off the books," so to speak.
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cameron corp. started business in 2016 and uses the fifo method. during 2016, it purchased 45,000 units of inventory at €10 each and sold 40,000 units for €20 each. in 2017, it purchased another 50,000 units at €11 each and sold 45,000 units at €22 each. its 2017 ending inventory balance (€ thousands) was closest to:
Since the beginning inventory of the company in 2016 is €0, its ending inventory balance in 2017 is €110,000
The formula of Ending Inventory is given by:
Ending Inventory = Beginning Inventory + Net Purchases – COGS
COGS = cost of good sales
FIFO is "first in first out" method which means the first item to be sold is the one that is purchased first.
Information from the problem:
Year 2016.
Beginning Inventory = €0
Purchases = 45,000 units × €10 = €450,000
COGS = 40,000 units × €10 = €400,000
Ending inventory = €450,000 - €400,000 = €50,000
There remaining 5,000 units at the end of 2016.
Year 2017
Beginning Inventory = €50,000
Purchases = 50,000 units × €11 = €550,000
COGS = (5,000 units × €10) + (40,000 units × €11) = €490,000
Ending inventory = €50,000 + €550,000 - €490,000 = €110,000
Hence, at the end of 2017 in the inventory, there are remaining 10,000 unit at €11 each and worth for €110,000
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suppose manufacturers introduce a new model car to replace a car currently included in the cpi basket. the price of the new car is 10 percent higher than the di
In this situation the CPI will tend to overstate inflation as a result of quality adjustment bias. The rapid advancement of technology causes product prices to modify because it impacts product quality improvement.
Inflation will be overstated to the degree that the CPI does not account for improving quality in the products and services people use. This type of overestimation is referred to as the quality adjustment bias.
The rapid advancement of technology causes product prices to modify because it impacts product quality improvement. Because they increase price fluctuations in an economy, substitution and quantity bias eventually cause inflation to be overstated.
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Suppose manufacturers introduce a new model car to replace a car currently included in the CPI basket. The price of the new car is 10 percent higher than the discontinued model, but the new car has additional safety features and amenities. In this situation the CPI will tend to ______ inflation as a result of ______ bias.
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transaction account name debit credit 1. accounts receivable 7,400 service revenue 7,400 2. supplies 1,800 accounts payable 1,800 3. cash 9,200 accounts receivable 9,200 4. advertising expense 1,200 cash 1,200 5. accounts payable 2,700 cash 2,700 6. cash 1,000 deferred revenue 1,000
The journal entry are following given the balance of each item at beginning and transaction in the accounting year.
Journal entries of transaction are given here:
Cash account-
Balance b/f dr. ($2100)
account receivable dr. ($9,200)
deferred revenue dr. ($1,000)
To Advertising expenses ($1200)
To accounts payable (4$2,700)
To Balance c/d ($8,400)
Accounts receivable:
Balance b/f dr. ($3,200)
service revenue dr. ($7,400)
To cash ($9,200)
To balance b/d ($1400)
Service revenue:
Balance b/f dr. ($7,400)
To accounts receivable ($7,400)
Accounts payable:
Balance b/f dr. ($2,500)
cash dr. ($2,700)
To supplies ($1,800)
To balance c/d ($3,400)
Deferred revenue:
Balance b/d dr. ($200)
to cash ($1000)
to balance c/d ($1,000)
Advertising Expense:
Cash a/c dr. (1,200)
To balance c/d ($1,200)
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on january 2, 2021, germane, inc. bought 30% of the outstanding common stock of quality, inc. for $56 million cash. at the date of acquisition of the stock, quality’s net assets had a book value and fair value of $120 million. quality’s net income for the year ended december 31, 2021, was $30 million. during 2021, quality declared and paid cash dividends of $10 million. on december 31, 2021, germane’s should report investment revenue of:
After all the transactions Germane inc. should report investment revenue of $9 Million.
As on January 2 2021 Germane inc. bought 30% of the outstanding common stock, qualities net income for year ended Dec 31 2021 was $30 million. On december 31, 2021, Germane should report investment revenue of 30% × $30 million = $9 million.
Investment revenues are the earnings from invested capital. Typically, this is the interest or dividends received on debt or equity securities. When compared to the revenues produced by a business's activities, investment income are typically seen as incidental revenues, and as such, they are kept separate in a separate account.
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ter visiting several automobile dealerships, Richard selects the car he wants. He likes its $13,000 price, but financing through the dealer is no bargain. He has $2,600 cash for a down payment, so he needs a loan of $10,400. In shopping at several banks for an installment loan, he learns that interest on most automobile loans is quoted at add-on rates. That is, during the life of the loan, interest is paid on the full amount borrowed even though a portion of the principal has been paid back. Richard borrows $10,400 for a period of four years at an add-on interest rate of 8 percent.
APR = 21.55%
- I = Prt
- I = (8000)(.11)(4) = 3520
- Total Cost = Down Payment + Principal Borrowed + Interest
- Total Cost = 2000 + 8000 + 3520 = 13520
- Monthly Payment = (Principal Borrowed + Total interest) / Total number of payments
- Monthly Payment = (8000 + 3520) / 48
- APR= (2 × n × I) / [P × (N + 1)]
where:
N= Total number of payments
- APR = (2 × 12 × 3520) / [8000 × (48+1)] = 21.55%
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Annual percentage rate is 21.55%.
Simple Interest(I) = Principle ×rate× time/100
Principle = $8000
Rate = 11%
time = 4 years.
I = (8000)(.11)(4) = 3520
Total Cost = Down Payment + Principal Borrowed + Interest
Total Cost = 2000 + 8000 + 3520 = 13520
Monthly Payment = (Principal Borrowed + Total interest) / Total number of payments
Monthly Payment = (8000 + 3520) / 48
Annual percentage rate = (2 × n × I) / [P × (N + 1)]
where:
N= Total number of payments = 48
I = interest = $3520
P = principle = $8000
Annual percentage rate = (2 × 12 × 3520) / [8000 × (48+1)] = 21.55%
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The minimum wage in California is higher than required by law and should remain at its current level or increase! Do you agree with this statement? Why or why not?
The minimum wage in California is higher than required by law and should remain at its current level or increase. I agree with this statement why because according to the minimum wage law, the rate of adjustment must be equal to 50 cents (3.5% of $15), which is less than the inflation rate, which was 7.9% during the relevant period. Employees who are now paid at or close to the state minimum wage will not be the only ones impacted by the change in the minimum wage rate.
In response to inflation, Gov. Gavin Newsom predicted on Thursday that California's minimum wage would likely increase to $15.50 an hour in January. Some corporate executives have said that they are trying to keep up with escalating prices and cannot afford an additional 50 cents per hour. According to labor groups, the hike is required to counteract growing prices. From the agricultural regions to almost every industry, California leads the country in the demand for higher minimum wages.
The California Legislature, as well as federal and state courts, has placed a lot of emphasis on raising salaries, so companies there could expect a bigger salary increase than usual in 2019. By January 1, 2023, the Golden State's minimum wage was intended to be $15 per hour for all employers. However, Governor Gavin Newsom has predicted that owing to record-high inflation, the rate will jump to $15.50.
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