A $200 credit to Cash, should be included in transaction for a $200 liability taken out to purchase equipment using a business line of credit. The correct answer is B.
When a liability taken out to purchase equipment using a business line of credit is paid off, the company would decrease its liability account and decrease its cash account. The entry for this transaction would be a credit of $200 to the cash account, and a debit of $200 to the liability account (Accounts Payable or Notes Payable, depending on the type of liability). None of the other accounts mentioned in the options (Accounts Receivable or Equipment) are affected by this transaction, and therefore should not be included in the entry. The correct answer is B.
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Answer:
B
Explanation:
juat finshed my exam and got it right
Government Administration Workers often attend hearings with politicians in order to do which of the following?
A. take notes on points they need to researchB. analyze the speakers for any discrepancies or false informationC. give input on the general public's opinion
Congress passing a law that gives people stimulus
checks to get the country out of a recession would
be an example of?
Answer:
Explanation:
Congress passing a law that gives people stimulus checks to get the country out of a recession would be an example of fiscal policy. Fiscal policy refers to the use of government spending and taxation to influence the economy. In this case, the government is using fiscal policy to stimulate the economy by providing direct financial assistance to individuals, which is intended to increase consumer spending and boost economic activity. The purpose of fiscal policy is to stabilize the economy and promote economic growth, and in this case, stimulus checks are being used as a tool to achieve those goals.
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What is your main takeaway from playing Spent?
The game Spent aims to raise players' awareness of the damaging consequences that poverty and homelessness have on the contemporary economy.
Who spent play, and how?It was made by the advertising company McKinney on behalf of their nonprofit client Urban Ministries of Durham (UMD), a charity that helps the underprivileged and is headquartered in Durham, North Carolina. PlaySpent Improves Our Understanding of Poverty's Economics
How does the game SPENT operate?The participants are advised to think of themselves as having lost their job and almost all of their money. They are down to their last $1,000 and must survive the month while also coping with unanticipated charges like vehicle maintenance and medical bills. This is in addition to paying rent and buying groceries.
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A comparative balance sheet and income statement is shown for Cruz, Incorporated.
CRUZ, INCORPORATED
Comparative Balance Sheets
At December 31 2021 2020
Assets
Cash $ 63,600 $ 15,900
Accounts receivable, net 27,400 33,700
Inventory 57,400 63,300
Prepaid expenses 3,500 2,900
Total current assets 151,900 115,800
Furniture 70,500 82,200
Accumulated depreciation—Furniture (10,900) (6,200)
Total assets $ 211,500 $ 191,800
Liabilities and Equity
Accounts payable $ 10,000 $ 14,100
Wages payable 6,000 3,300
Income taxes payable 1,000 1,800
Total current liabilities 17,000 19,200
Notes payable (long-term) 20,700 47,800
Total liabilities 37,700 67,000
Equity
Common stock, $5 par value 153,600 124,000
Retained earnings 20,200 800
Total liabilities and equity $ 211,500 $ 191,800
CRUZ, INCORPORATED
Income Statement
For Year Ended December 31, 2021
Sales $ 328,400
Cost of goods sold 211,300
Gross profit 117,100
Operating expenses (excluding depreciation) 60,000
Depreciation expense 25,300
Income before taxes 31,800
Income taxes expense 11,600
Net income $ 20,200
Required:
Use the indirect method to prepare the operating activities section of Cruz’s statement of cash flows.
Add: Decrease in inventory $6,300
Less: Increase in prepaid expenses -$700
Less: Decrease in accounts payable -$4,100
How to solveCash Flows From Operating Activities Section of Cash Flow Statement:
Particulars Amount Amount
Cash flow from operating activities:
Net income $20,400
Adjustments to reconcile Net income to operating cash flow
Income statement items not affecting cash:
Add: Depreciation expenses $25,400
Changes in current operating assets and liabilities
Add: Decrease in accounts receivable $6,500
Add: Decrease in inventory $6,300
Less: Increase in prepaid expenses -$700
Less: Decrease in accounts payable -$4,100
Add: Increase in wages payable $2,700
Less: Decrease in income tax payable -$800 $9,900
Net cash Provided by (Used for) Operating Activities $55,700
*Decrease in current liabilities and Increase in current assets other than cash is deducted from Net Income.
*Increase in current liabilities and Decrease in current assets other than cash is added to Net Income.
*Non cash & Non operating expenses are added to Net income.
*Non cash & Non operating income are deducted from Net income.
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Suppose a U.S. investor wishes to invest in a British firm currently selling for £40 per share. The investor has $10,000 to invest, and the current exchange rate is $2/£. Suppose now the investor also sells forward £5,000 at a forward exchange rate of $2.10/£. Required: a. Calculate the dollar-denominated returns for each scenario. (Round your percentage answers to 2 decimal places. Negative amounts should be indicated by a minus sign.)
Rate of return(%) at given exchange rate
Price per share 1.80/£ 2.00/£ 2.20/£
35/£
40/£
45/£
Answer:
Explanation:
To calculate the dollar-denominated returns, we need to first determine how many shares the investor can purchase with their $10,000, and then calculate the future value of those shares at each exchange rate. We also need to calculate the future value of the £5,000 forward contract at the forward exchange rate.
With the current exchange rate of $2/£, the investor can purchase:
$10,000 / $2/£ = £5,000
With £40 per share, the investor can purchase:
£5,000 / £40/share = 125 shares
The total investment is:
125 shares x £40/share = £5,000 = $10,000
If the share price changes to £35/£, £40/£, or £45/£, then the dollar-denominated returns would be:
At £35/£:
Total investment = 125 shares x £35/share = £4,375 = $8,750
Rate of return = (($8,750 - $10,000) / $10,000) x 100% = -12.50%
At £40/£:
Total investment = 125 shares x £40/share = £5,000 = $10,000
Rate of return = (($10,000 - $10,000) / $10,000) x 100% = 0.00%
At £45/£:
Total investment = 125 shares x £45/share = £5,625 = $11,250
Rate of return = (($11,250 - $10,000) / $10,000) x 100% = 12.50%
With the forward contract, the investor has sold £5,000 at a forward exchange rate of $2.10/£, which means they will receive:
£5,000 x $2.10/£ = $10,500
The total investment is:
$10,000 (initial investment) + $10,500 (future value of forward contract) = $20,500
If the share price changes to £35/£, £40/£, or £45/£, then the dollar-denominated returns would be:
At £35/£:
Total investment = 125 shares x £35/share = £4,375 = $8,750
Future value of investment = $8,750 x $2.20/£ = £3,977.27 = $7,955.55
Total future value = $7,955.55 + $10,500 = $18,455.55
Rate of return = (($18,455.55 - $20,500) / $20,500) x 100% = -9.96%
At £40/£:
Total investment = 125 shares x £40/share = £5,000 = $10,000
Future value of investment = $10,000 x $2.20/£ = £4,545.45 = $9,090.91
Total future value = $9,090.91 + $10,500 = $19,590.91
Rate of return = (($19,590.91 - $20,500) / $20,500) x 100% = -4.44%
At £45/£:
Total investment = 125 shares x £45/share = £5,625 = $11,250
Future value of investment = $11,250 x $2.20/£ = £
Avoiding decreases in the purchasing power of people on fixed incomes shows how target rate of inflation is set to?
The target rate of inflation is set to ensure that the purchasing power of people on fixed incomes is maintained.
What is inflation?Inflation is an economic concept that describes an overall increase in price levels. It occurs when the amount of money in circulation increases faster than the availability of goods and services. This causes an imbalance in the supply and demand of goods and services, which leads to prices rising. Inflation erodes the purchasing power of money, making it harder for people to afford goods and services. Central banks usually try to combat inflation by controlling the money supply and increasing interest rates.
This is done by setting an inflation rate that is low enough to keep prices stable, but high enough to keep the value of money from decreasing due to inflation. The Federal Reserve or other central banks typically set the target rate of inflation to a level that is consistent with their overall economic goals. This rate is monitored closely to ensure that the purchasing power of people on fixed incomes remains stable over time.
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Samsungs challenges associated with implementing a new AIS?
Samsung is at a disadvantage compared to its rivals because it loses concentration when it competes with too many businesses and product categories. It helped Samsung Company gain market share in numerous areas, but not much more than its competitors.
What are the challenges of Samsung company?
Overcoming a slump in the market for crucial chips. locating the upcoming big item. Ongoing legal issues. Bringing out a fresh "Samsung spirit." Finance industry globalization.
The organizational structure of Samsung has the drawback of giving the product-based divisions little autonomy. For instance, the product-based divisions must adhere to strategic orders from the company's headquarters in Seoul because of the centralised hierarchy.
In a limited way, Samsung also employs other common competitive tactics including cost leadership, differentiation emphasis, and cost focus. The firm becomes the best-cost provider in several areas for semiconductors and electronics components as a result of its cost-focused strategy.
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Which is true of the credit card grace period?
If the balance is paid in full by the monthly due date interest does not accrue.
Interest accrues only after the due date and only on any outstanding balance.
As long as the cardholder makes the minimum payment, no interest will accrue.
Department store and gas credit cards have grace periods but bank cards do not.
The statement that is true of the credit card grace period is: "If the balance is paid in full by the monthly due date interest does not accrue."
A credit card grace period is a period of time, often 21 to 25 days, during which the cardholder can pay off the debt in full without incurring interest charges. No interest will be charged for that billing cycle if the balance is paid in whole by the monthly due date. If the debt is not paid in full, interest will be applied on the unpaid balance until it is paid off.
A credit card grace period is a set period of time, generally between 21 and 25 days, during which a credit card holder can pay down their credit card debt without incurring interest charges. The grace period runs from the conclusion of the billing cycle to the payment due date.
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Pension funds pay lifetime annuities to recipients. If a firm remains in business indefinitely, the pension obligation will resemble a perpetuity. Suppose, therefore, that you are managing a pension fund with obligations to make perpetual payments of $3.0 million per year to beneficiaries. The yield to maturity on all bonds is 20%.
Required:
a. If the duration of 5-year maturity bonds with coupon rates of 12% (paid annually) is 3.9 years and the duration of 20-year maturity bonds with coupon rates of 6% (paid annually) is 6.7 years, how much of each of these coupon bonds (in market value) will you want to hold to both fully fund and immunize your obligation? (Do not round intermediate calculations. Enter your answers in millions rounded to 5 decimal places.)
b. What will be the par value of your holdings in the 20-year coupon bond? (Enter your answer in dollars not in millions. Do not round intermediate calculations. Round your answer to the nearest dollar amount.)
We need to hold $12.82051 million in 5-year maturity bonds and $25.64103 million in 20-year maturity bonds to fully fund and immunize the obligation. the par value of our holdings in the 20-year coupon bond is $231,719.
To fully fund and immunize the obligation, we need to find the market value of each bond that would generate a cash flow of $3.0 million per year. Let x be the market value (in millions) of 5-year maturity bonds and y be the market value (in millions) of 20-year maturity bonds. Then we have:
0.12x + 0.06y = 3.0 (annual coupon payments)
3.9x/100 + 6.7y/100 = 0 (duration matching)
Solving these equations simultaneously, we get:
x = 12.82051
y = 25.64103
The par value of our holdings in the 20-year coupon bond can be calculated as follows:
Par value = Market value / (1 + YTM)^n
where YTM is the yield to maturity (20%) and n is the number of years to maturity (20). Substituting the values, we get:
Par value = 25.64103 / (1 + 0.20)^20
= $231,719.25
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Briefly discuss the power of Occupational Safety and Health Administration (OSHA) with respect to citations and penalties.
Answer:
The Occupational Safety and Health Administration (OSHA) is responsible for enforcing health and safety regulations in the workplace. OSHA has the power to issue citations and penalties to employers who violate health and safety regulations.
If OSHA finds that an employer has violated a regulation, it can issue a citation. A citation outlines the specific regulation that was violated, and the proposed penalty. Employers have the opportunity to contest the citation and penalty, and can request an informal conference with an OSHA representative to discuss the issue.
OSHA can also issue penalties for violations. The penalty amount varies depending on the severity of the violation. Willful violations, which are the most serious, can result in penalties of up to $136,532 per violation, while serious violations can result in penalties of up to $13,653 per violation.
The power of OSHA to issue citations and penalties is an important tool for promoting workplace safety. The threat of citations and penalties can encourage employers to take safety seriously and to take steps to prevent workplace accidents and injuries.
Explanation:
What is my dalily limit
Answer:
Explanation: of what
list and explain the 6 characteristics of money
The characteristics of money are:
durability, portability, divisibility, uniformity, limited supply, and acceptability.
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Adama Garment which is operating in Adama currently has opened four new stores in Ethiopia. Data on monthly sales volume and labor hours are given below for each town. Which store location has the highest labor productivity?Stores Bale-Robe Hawassa Nekemte Bahirdar
Sales Volume 12,000 birr 60,000 birr 40, 000birr 25,000 birr
Labor Hours 60 500 250 200 Take a case of one company or the company in which you are working, and then: Identify the outputs and inputs of the company Estimate yearly outputs and inputs identified either in value or volume Calculate single, multiple, and total factor productivity
Productivity = Output / Input. Calculate labor productivity for each store: Bale-Robe has the highest with 200 birr per labor hour.
As a rule, efficiency is a proportion of how effectively an organization is utilizing its assets (contributions) to deliver labor and products (yields). Data sources can incorporate work, materials, energy, and different assets, while results can be estimated as far as deals income, units delivered, or different measurements. To ascertain efficiency, we can utilize the recipe:
Efficiency = Result/Info
We should expect a speculative organization that produces gadgets. The organization's bits of feedbacks could incorporate work hours, unrefined components, and energy costs, while its results could be estimated as far as the quantity of gadgets created or the deals income produced.
To gauge yearly sources of info and results, we would have to accumulate information on the organization's tasks, for example, the quantity of work hours worked, the expense of unrefined components, and the absolute deals income. We can then work out the organization's single-factor efficiency (SFP) by partitioning the result by a solitary information, like work hours or unrefined components.
For instance, assuming the organization delivered 100,000 gadgets and utilized 10,000 work hours, its SFP for work would be:
SFP work = 100,000 gadgets/10,000 work hours = 10 gadgets each work hour
We can likewise compute numerous variable efficiency (MFP) by isolating the result by various information sources, like work hours, unrefined components, and energy costs.
At long last, we can work out complete variable efficiency (TFP) by isolating the result by the contributions as a whole, including capital, innovation, and different assets.
In view of the information accommodated Adama Piece of clothing, we can ascertain the work efficiency for each store by partitioning deals volume by work hours. The outcomes are as per the following:
Parcel Robe: 12,000 birr/60 work hours = 200 birr each work hour
Hawassa: 60,000 birr/500 work hours = 120 birr each work hour
Nekemte: 40,000 birr/250 work hours = 160 birr each work hour
Bahirdar: 25,000 birr/200 work hours = 125 birr each work hour
In light of this computation, Bunch Robe has the most elevated work efficiency with 200 birr each work hour. In any case, it's actually quite important that this examination just thinks about work efficiency and doesn't consider different factors like deals volume, productivity, or consumer loyalty.
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Suppose the government increases education spending by $30 billion. If the marginal propensity to consume is 0.82, how much will total spending increase?
The government spends $30 billion more on education. The total increase in spending is 166.8 billion dollars.
The idea that personal consumer spending rises in tandem with an increase in disposable income is measured by the marginal propensity to consume (MPC).
Expansion in absolute spending = use multiplier × expansion in schooling spending
Education spending increment =30 billion
Multiplier =1/1- marginal propensity to consume
=1/1-0.82
=1/0.18
=5.5555
=5.56(approx)
Total spending increased = 5.56 × 30 billion
=166.8 billion
Marginal Propensity to Consume goes up when consumption takes up more of the added income than it does when it takes less. Simply put, a person spends more money and saves less. Regularly, lower pay levels produce a higher MPC than higher pay levels.
MPC measures this relationship to determine the amount of increased spending for each additional dollar of income. It is significant on the grounds that it changes at various pay levels and is the most reduced for higher-pay families.
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Gaia’s gross pay per month is $2,895. Her deductions are listed in the table.
Answer:
Net pay is obtained by deducting all expenses for the gross pay. I.e., Gross pay - deductions = net pay Gross pay = $2,895 Deductions are Federal Income Tax $324 State Income Tax $96 Social Security $126 Medicare $39 Total deductions = $585 Net pay = $2,895 - $585 Net pay =$2,310
In two to three sentences, answer the following:
1. What is the most important information you need to receive a stock quote?
2. What information you can obtain from a stock quote?
The price of a stock as it is quoted on an exchange is known as a stock quote. A fundamental quote for a particular stock gives details such as the bid and ask prices, last traded price, and volume traded.
The price of a stock or equity investment that is quoted on an exchange is essentially what a stock quote is. The stock quote offers crucial data that brokers and traders can use. It contains details about the bid price and asks price, the most recent traded price, and the daily volume of trading.
A stock chart or table is a collection of data about a certain firm's stock that typically displays information on price fluctuations, the current market price, previous highs and lows, dividends, trading volume, and other business financial data.
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A good SCM system will deliver this key benefit:
O the right inventory is in the right place to meet anticipated demand.
O that accurate forecasts can be made.
O that goods are manufactured efficiently.
A good SCM system will deliver A.the right inventory is in the right place to meet anticipated demand.
What is Supply Chain Management ?In order to enhance their supply chain procedures, businesses employ SCM systems. This comprises the coordination of inventory levels, production timetables, and dissemination channels for idealized efficiency.
Beyond this secured apparatus towards financial conservation also comes with augmented client approval rates. Although precise forecasts and proficient manufacturing hold significant roles within SCM strategy, top priority remains set on the availability of appropriate inventories at designated locations alongside preset time-frames in order to ultimately appease consumers' necessities.
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Match the different activities to the responsibilities of relevant banks.
ll rights reserved
accepts deposits from people
regulates safe and lawful
operations
conducts nation's monetary policies
lends money through to consumers
and businesses
provides financial services to the
government
Federal Bank
Other Commercial Bank
The correct activities for federal and other commercial banks are:
accepts deposits from people - Other Commercial Bankregulates safe and lawful operations - Federal Bankconducts nation's monetary policies - Federal Banklends money through to consumers and businesses - Other Commercial Bankprovides financial services to the government - Federal BankHow are federal and other commercial banks different ?Banks play a crucial role in the economy by providing various financial services to the public and the government. The Federal Bank is responsible for conducting the nation's monetary policies, which includes setting interest rates, regulating the money supply, and maintaining price stability.
On the other hand, commercial banks, also known as Other Commercial Banks, are responsible for accepting deposits from people and lending money to consumers and businesses.
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Which quantity represent the social optimum for this market?
Quantity that represent the social optimum for this market is Q3 (Option C)
What is social optimum quantity?The optimal amount of a public item is found when the supply (marginal cost) curve crosses the demand (marginal benefit) curve. The government employs cost-benefit analysis to determine whether or not to supply a certain product. If MB is more than MC, a public good is under allocated.
The quantity of pollution that society would choose if all of the costs and benefits of pollution were properly accounted for is known as the socially optimum quantity of pollution.
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high-power poses are not how you talk to _____ they are how you talk to _____
High power poses are not how you talk to other people they are how you talk to yourself.
Hence, the answer to the blanks is other people; and yourself.
What exactly are high power poses?'High power' postures have generated a lot of buzz in the scientific community and elsewhere.
If you are unfamiliar with these poses, they are body positions that can improve your mood.
What are communicative power poses?Leaning forward, standing tall with arms spread, and other expansive postures and gestures are seen as components of the "body language" of dominance.
They provide the "actor" a more upbeat, concentrated feeling, and they give the viewer a sense of confidence and authority.
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Calculate the Marginal cost and Marginal benefit to cleaning up the waste!
Marginal Cost: 50, 100, 350, 700 (in thousands of dollars)
Marginal Benefit: 800, 500, 350, 250 (in thousands of dollars)
How to explain the marginal benefitsThe marginal cost of cleaning up from 16 million gallons to 12 million gallons is 50 - 0 = 50 thousand dollars.
The marginal cost of cleaning up from 12 million gallons to 8 million gallons is 150 - 50 = 100 thousand dollars.
The marginal cost of cleaning up from 8 million gallons to 4 million gallons is 500 - 150 = 350 thousand dollars.
The marginal cost of cleaning up from 4 million gallons to 0 gallons is 1200 - 500 = 700 thousand dollars.
The marginal benefit of cleaning up from 16 million gallons to 12 million gallons is 800 - 0 = 800 thousand dollars.
The marginal benefit of cleaning up from 12 million gallons to 8 million gallons is 1300 - 800 = 500 thousand dollars.
The marginal benefit of cleaning up from 8 million gallons to 4 million gallons is 1650 - 1300 = 350 thousand dollars.
The marginal benefit of cleaning up from 4 million gallons to 0 gallons is 1900 - 1650 = 250 thousand dollars.
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Write an assay describing an opportunity that you thing could be turned into a small business
In today's world, there are endless opportunities for small businesses to thrive. One such opportunity that I believe has great potential is in the field of sustainable living. With the growing concern for the environment and the need to reduce our carbon footprint, there is a high demand for eco-friendly products and services.
One possible business idea is to create a company that specializes in the production and sale of reusable, environmentally friendly products such as reusable bags, water bottles, and food containers. With the increasing awareness of the negative impact of single-use plastics on the environment, there is a high demand for reusable products that can help reduce waste.
Another opportunity could be in the field of sustainable energy. With the increasing demand for renewable energy sources, there is a growing need for companies that specialize in the production and installation of solar panels, wind turbines, and other forms of sustainable energy. This business could also offer consulting services to help homeowners and businesses reduce their energy consumption and transition to renewable energy sources.
Another potential small business opportunity is in the field of online education. With the growing demand for online learning and the increasing availability of technology, there is a need for companies that specialize in providing online courses and training programs. This business could offer courses in a variety of fields, including business, technology, and creative arts.
In conclusion, there are many opportunities for small businesses to thrive in today's world. By focusing on sustainable living, renewable energy, and online education, entrepreneurs can create businesses that not only generate profits but also make a positive impact on the environment and society.
One opportunity that I believe could be turned into a small business is a meal prep service for busy individuals and families. With many people leading busy lives and struggling to find time to cook healthy meals, a meal prep service could provide a convenient solution.
The business could offer a variety of meal options to cater to different dietary needs and preferences. Customers could place their orders online and select the meals they want for the week. The business could also offer the option for customers to customize their meals by choosing their own ingredients.
To keep costs low, the business could partner with local farms and markets to source fresh, seasonal ingredients. The meals could be prepared in a commercial kitchen and delivered to customers' homes or workplaces. The business could also offer the option for customers to pick up their meals at a designated location.
In addition to providing a convenient solution for busy individuals and families, the business could also have a positive impact on the environment. By sourcing ingredients locally and reducing food waste, the business could promote sustainability and reduce its carbon footprint.
To market the business, the company could use social media platforms and local advertising to reach potential customers. They could also partner with fitness studios and gyms to promote healthy eating habits.
Overall, a meal prep service has the potential to be a successful small business by offering a convenient and healthy solution for busy individuals and families. By focusing on quality ingredients and sustainability, the business could differentiate itself from competitors and attract a loyal customer base.
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The GDP per capita for each country is as follows:
Bangladesh: 512,580 USD / 156,594,962 people = 3.28 USD/personNorway: 5,084,190 USD / 5,084,190 people = 1,000 USD/personUnited States: 16,800,000 USD / 316,128,839 people = 53.05 USD/personLiberia: 4,294,077 USD / 1,951 people = 2,202.73 USD/personHow to explain the GDPBased on these calculations, it is clear that the quality of life in Norway is much higher than that of Bangladesh, since the GDP per capita in Norway is much higher.
The problems associated with using GDP per capita to compare the quality of life among countries are:
The estimates of GDP per capita in less-developed countries tend to have greater measurement errors than those from industrially advanced countries.
GDP per capita does not measure the income distribution within the country.
GDP is a better measure, since a country with high GDP per capita may still have low GDP.
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I need help in dropshipping, how do you dropshipping
On01January 2010, the company was incorporated with an authorized ordinary share capitalof 150
000 ordinary shares of 1 each and 50 000 redeemable preference shares(fixed annual dividend of10c
per share).The post-closing trial balance of "Lily Petals Limited"as at 31 December 2022after the
provisional Statement of Profit or loss & other comprehensive income was drafted,is presented
below.
ULYPETALS LMITED
POST-CLOSINGTRIALBALANCEAS AT31DECEMBER2022
Details
Debit
Credit
Ordinary share capital
100000
Ordinarysharepremium
50
000
Retainedearnings
43000
Redeemable preference share capital(40 000 at NS1 each)
40000
LLand and buildings
100000
Plant~andMachinery
60000
Share issue expenses- preference sharer res
Underwriting commission-preference share
4000.
Share issue expenses- preference shares 2000.
Bank
22000
Total Dr 188000, Cr
188000
Additionalinformation:
The directors decided, with the necessary general meeting approval to implement these decisions on
01January2023inthisorder
1.To convert the ordinary par value shares into no par value
2.The preference shares are to be redeemed at a premium of 5c per share.
3.The redemption of the preference shares must be financed partly from the issue of 10000
ordinaryshares at NS2, each and partly out of the current bank balance.
4.The ordinary shares were offered to the public.
oThe issue was underwritten in full by Down-Under Ltd foran underwriting
commissionof6%
o The public subscribed for8000shares
o All the shares were allotted on 01 January 2023
o Share issue expenses amounted to NS500.
5.The directors wish to write off all comission and shareissue expensesimmediately after
theredemption of the preference shares.
6.Subsequent to the above transactions, there must be a capitalization issue of one ordinary
share for every eight already held at the current market price of NS2 per share.
YOU ARE REQUIRED TO
1)Prepare and present the general journal entries for the decisions on 01 January 2023.
(Narrations are not required).(30 marks)
is this a essay to write? If so please list the answer not whole bunch of info
The roots of Gogo Inflight Internet services go back to 1991, when the company, then called Aircell, developed technology for in-flight phone services. In 2006, the company made a major change in strategy when it secured a 10-year license through the Federal Communications Commission for in-flight Internet services. The majority of U.S. airlines use Gogo for in-flight Wi-Fi services.
Though Gogo offered airline passengers in-flight Internet options, the planes using air-to-ground technology still experienced significant lags and were unable to support the streaming of movies and other data-heavy applications. In 2016, Gogo announced the installation of 2Ku in an Aeromexico Boeing 737-800. Gogo’s newest technology dramatically increased speed and coverage, enabling not only streaming but also “gate-to-gate” coverage, allowing passengers to maintain seamless Internet coverage in airports and within connecting flights. As of 2019, 2Ku had been installed in over 600 aircraft, and Gogo listed a backlog of 1,400 other planes.
After raising $187 million in a June 2013 IPO, underwritten by Wall Street heavy hitters such as Morgan Stanley, JPMorgan, and UBS, Gogo hit the market at $17 per share. The price of the stock fell quickly over the following months, bottoming out at just over $10, but then recovered and hit a high of almost $33 in December. The stock has had a rocky journey, sharing in the enormous impact of the 2020 COVID-19 pandemic on the travel industry. In mid-2020, its shares were trading at an anemic $2.21.
Though Gogo saw a surge in sales with the expansion of its 2Ku network, it has seen those sales decline in a critical period when even the most robust travel-related industries are experiencing major contraction. At the end of 2019, Gogo was already running short of cash, having used up the proceeds from its 2013 public offering to invest in the 2Ku initiative and further endangering its already precarious market position. Gogo is certainly poised to be part of the packages that airlines have already begun to offer travelers in mid-2020 to tempt them back to the skies, but it’s hard to tell if Gogo will be able to recoup its losses and achieve its badly needed turnaround.
17-29. Given the risk, what would motivate an investor to purchase stock in Gogo?
Investors may be motivated to buy Gogo stock based on the company's potential for growth and profitability in the long term, taking into account factors such as demand for in-flight Wi-Fi, its established position in the industry, successful 2Ku technology, and partnerships with major airlines.
Given the risks associated with Gogo, an investor may still be motivated to purchase stock in the company based on their assessment of its long-term potential for growth and profitability. Factors that may influence an investor's decision include the potential for increased demand for in-flight Wi-Fi services, particularly as travel resumes after the COVID-19 pandemic; the company's established position as a major provider of in-flight Wi-Fi services to U.S. airlines; and the success of its 2Ku technology, which has shown significant improvement in speed and coverage over previous technology.
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Network advertising comprises a contractual agreement across multiple TV stations to preempt airtime during specific times for advertising. A major advantage of network advertising is the simplification of the ________ process.
A major advantage of network advertising is the simplification of the media buying process.
The major advantage of network advertising is the simplification of the media buying process. With network advertising, a contractual agreement is made across multiple TV stations to preempt airtime during specific times for advertising. This simplifies the process because instead of having to negotiate with individual TV stations for airtime, advertisers can work with a network to reach a broader audience.
This can save advertisers time and money as they don't have to research individual stations and negotiate with each one separately. Additionally, network advertising often offers discounts and bonuses for advertisers who commit to a certain amount of airtime, further simplifying the process and potentially reducing costs. Overall, network advertising provides a streamlined approach to media buying for advertisers.
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jaycel runs a business selling kitchen products and buys from credit supplier, zelah. zelah allows jaycel a trade discount of 10% on the list price of orders over $5,000 and also offer a 2% cash discount if payment is made within 10 days. the following transactions took place between jaycel and zelah during the month of july 2022. jul 20 2022 balance b/d 1500c credit supplier jul 1 balance due to zelah $1,500. biz original 3 jaycel purchased goods from zelah, list price $2,600. 3312 required (a) 15 jaycel paid amount owing to zelah to date using her personal cheque. b12 20 jaycel purchased goods from zelah, list price $6,200. 812 22 jaycel returned goods to zelah, list price $700. these goods were purchased on 20 july 2022. 28 jaycel paid the balance on zelah's account by bank transfer. (b) jul 5 dr inventory 2600 (1) (ii) (trade payables-zelah 2600 trade payable-zelah prepare the account for zelah in the books of jaycel for the month of july 2022. slam the b12. name the source documents for the transactions on the following dates. 20 july 2022 22 july 2022 [6] [2]
Zelah's account in the books of Jaycel for the month of July 2022:
Zelah Account
Debit Credit
July 1 balance due 1,500
July 3 purchase 2,600
July 22 return 700
July 28 payment 3,093.2
Balance c/d 707.8
Total 4,200 4,200
How to explain the accountOn July 1, the balance due to Zelah was $1,500.
On July 3, Jaycel purchased goods from Zelah with a list price of $2,600. Since the order is over $5,000, Jaycel is entitled to a trade discount of 10%, which is $260.
The net amount due to Zelah is $2,340. If Jaycel pays within 10 days, she will receive a cash discount of 2%, which is $46.8. Therefore, the amount owed to Zelah after this transaction is $2,293.2.
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The company has decided they needed to create a full set of budget schedules including financial statements for the first year of operations based on an assumption of constant demand of 18,000 quarterly and 72,000 for the first year (appendices B-1 through B-11). A second set of budget schedules and financial statements based on expected unit sales of 15,000 in quarter one, 25,000 in quarter two, 20,000 in quarter three, and finally 12,000 in quarter four for a total of 72,000 for the year based on a seasonal demand pattern (appendices C-1 through C-11). We expect the same quarterly sales patterns in year two meaning 18,000 units per quarter under constant demand and 15,000 units in quarter one under seasonal demand. Compare the constant demand to the seasonal demand budget. Explain the major differences in each of the budget schedules, cash budget and financial statements on both a quarterly and annual basis. Remember the beginning and ending raw material and finished goods inventory units will cause differences in the budgets but also focus on the differences between accrual and cash timing figures.
The major differences between the constant demand budget and the seasonal demand budget can be seen in the quarterly and annual budget schedules, cash budget, and financial statements.
What is budget?A budget is an estimate of income and expenditure for a specific period of time. It is typically used by individuals, families, businesses, and governments to plan how to allocate resources to meet their financial goals.
In the budget schedules, the constant demand budget produces higher sales and cost of goods sold figures on a quarterly basis, and therefore higher gross profit and higher net income figures. This is because the constant demand budget assumes 18,000 units sold each quarter, while the seasonal demand budget assumes 15,000 units in quarter one, 25,000 in quarter two, 20,000 in quarter three, and 12,000 in quarter four.
In the cash budget, the constant demand budget produces higher cash inflows from operations on a quarterly basis due to higher sales figures, and higher cash outflows from operations due to higher cost of goods sold figures. This means that the constant demand budget produces a higher net cash flow from operations on a quarterly basis.
Finally, in the financial statements, the constant demand budget produces higher figures on a quarterly and annual basis. This is due to the higher sales, cost of goods sold, gross profit, and net income figures on a quarterly basis, as well as higher current assets, current liabilities, and equity figures on an annual basis.
Overall, the constant demand budget produces higher figures on a quarterly and annual basis compared to the seasonal demand budget, due to the assumption of constant demand of 18,000 units per quarter versus the seasonal demand pattern of 15,000, 25,000, 20,000, and 12,000 units in quarters one through four.
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In order to find Value what would I do? Would I add or subtract the shares and close? I’m confused.
On order to find the value of a particular stock in your investment portfolio, you would multiply the number of shares you own by the closing price of that stock on a given day.
How to explain the informationFor example, to find the value of your Dell stock on May 15, you would multiply 75 (shares) by 85.45 (closing price), which would give you a value of $6,408.75.
Similarly, to find the value of your Apple stock on May 16, you would multiply 75 (shares) by 49.75 (closing price), which would give you a value of $3,731.25.
Please note that the value of your entire portfolio on a given day is the sum of the values of all the stocks you own on that day.
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