Personal finance is indeed the financial planning that a person or a family unit uses to set a budget, save money, and spend it.
What is a Personal Finance?The answers for the given questions are:
False: The majority of the time, financial institutions don't charge for checking account services.True: The majority of financial organisations provide telephone and internet banking services.True: A common method of electronic money transfer (EFT) is to utilise an ATM.True: When you get your bank statement, it's crucial to promptly reconcile your chequebook.True: You must ask for a stop demand draft if a check you wrote has been misplaced or stolen.True: You must first complete and sign a signing form in order to create an account, either a checking or a savings one.False: The bank will often not impose a service fee if a checking account's budget range is not met.False: A debit card functions exactly like a credit card.True: An attention checking account that pays a greater rate of interest is known as a money market account.True: You may make withdrawals and deposits using internet banking.To know more about Personal finance, visit:
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The Cook Corporation has two divisions--East and West. The divisions have the following revenues and expenses: East West Sales $ 602,000 $ 505,000 Variable costs 230,000 299,000 Traceable fixed costs 150,500 191,000 Allocated common corporate costs 127,600 155,000 Net operating income (loss) $ 93,900 $ (140,000) The management of Cook is considering the elimination of the West Division. If the West Division were eliminated, its traceable fixed costs could be avoided. Total common corporate costs would be unaffected by this decision. Given these data, the elimination of the West Division would result in an overall company net operating income (loss) of:
Answer:
Net operating loss = $61,100
Explanation:
Particulars East division (a) West division (b) Total
Sales $602,000 $0 $602,000
Less Costs
Variable costs -$230,000 $0 -$230,000
Traceable fixed costs -$150,500 $0 -$150,500
Allocated corporate costs -$127,600 -$155,000 -$282,600
Net income (loss) $93,900 -$155,000 -$61,100
The following present value factors are provided for use in this problem: Norman Co. wants to purchase a machine for $40,000 but needs to earn an 8% return. The expected year-end net cash flows are $12,000 in each of the first three years and $16,000 in the fourth year. What is the machine's net present value (rounded to the nearest whole
Answer:
$2,685
Explanation:
Calculation to determine the machine's net present value
NET PRESENT VALUE
Year Cash flow*Discount factor at 8% =Discounted Cash flows
0 $ -40,000*1= $-40,000
1 $ 12,000*0.9259= $11,111
2 $12,000*0.8573=$10,289
3 $ 12,000* 0.7938=$9,526
4 $16,000*0.7350=$11,760
NET PRESENT VALUE $2,685
($-40,000+$11,111+$10,289+$9,526+$11,760)
Therefore the machine's net present value is $2,685
The regular selling price is $22 per unit. Costs are $16 per unit, which consists of $8 direct labor per unit, $3 direct materials per unit, $2 variable overhead per unit, and $3 fixed overhead per unit. Sales are low because of a recession. A large retail chain offered to buy 1,000 units from you at a discounted price of $16. Assume that you have enough spare capacity to fulfill this special order. If you accept the special order in the short term, profit will: Group of answer choices decrease by $6,000 decrease by $3,000 increase by $6,000 increase by $3,000 remain the same
Answer:
decrease by $6,000
Explanation:
The computation of the profit in the case when the special order is accepted is shown below:
given that
Regular selling price = 22
Discounted selling price= 16
number of units to be sold =1000
Now
discount = 1000 ×($22 - $16)
= $6,000
Hence, profit decreases by $6000
Therefore the option first is correct
The same would be considered
Sal’s Towing Company just purchased a new tow truck for $45,000. The company estimates a 180-month useful life with no salvage value. The annual depreciation expense is:
Answer:
3000
Explanation:
180 months is 15 years (180/12 months)
so 45000/15 years= 3000/year
Media Relations are marketing activities that involves writing press releases and organizing news conferences for a sports organization
A) True
B) False
Answer:
Hello! Your answer is, A)True
Explanation:
Hope I helped! Ask me anything if you have any questions! Brainiest plz! Hope you make an 100% and have a wonderful day! -Amelia♥
An engineer is trying to decide which process to use to reduce sludge volume prior to disposal. Belt filter presses (BFP) will cost $203,000 to buy and $85,000 per year to operate. Belts will be replaced one time per year at a cost of $5500. Centrifuges (Cent) will cost $396,000 to buy and $119,000 per year to operate, but because the centrifuge will produce a thicker "cake", the sludge hauling cost to the monofill will be $37,000 per year less than for the belt presses. The useful lives are 5 and 10 years for alternatives BFP and Cent, respectively, and the salvage values are assumed to be 10% of the first cost of each process whenever they are closed down or replaced. Use PW evaluation to select the more economical process at an interest rate of 6% per year over (a) the LCM of lives, and (b) a study period of 8 years. Are the decisions the same?
Two neighbors, Molly and Sandy, are separated by a white picket fence. Each neighbor has a garden that grows tomatoes and peppers. How could Molly and Sandy gain from trade? 1 point Sandy could trade tomatoes to Molly in exchange for peppers if Sandy was the more efficient grower of peppers. Sandy could trade peppers to Molly in exchange for tomatoes if Molly was the more efficient grower of peppers. Molly could trade peppers to Sandy in exchange for tomatoes if Molly was the more efficient grower of peppers. Molly could trade tomatoes to Sandy in exchange for peppers if Molly was the more efficient grower of peppers.
Answer:
The answer is "the third choice".
Explanation:
In this question, the picket fence use for separating the two neighbors, Molly and Sandy, which is growing neighbor has both a tomato or pepper garden. although Molly was a more powerful grower with peppers, she would sell them to Sandy in return with tomatoes, almost as Molly and Sandy profit through trade.
You own a stock portfolio invested 35 percent in Stock Q, 25 percent in Stock R, 15 percent in Stock S, and 25 percent in Stock T. The betas for these four stocks are 1.34, 0.88, 0.57, and 1.02, respectively. What is the portfolio beta?
Answer:
1.03
Explanation:
Beta is used to measure systemic risk. The higher beta is, the higher the systemic risk and the higher the compensation demanded for by investors.
Systemic risk are risk that are inherent in the economy. They cannot be diversified away.
The portfolio's beta can be determined by adding together the weighted beta of each stock in the portfolio
weighed beta of a stock = percentage of the stock in the portfolio x beta of the stock
Stock Q = 0.35 x 1.34 = 0.469
Stock R = 0.25 X 0.88 = 0.22
Stock S = 0.15 x 0.57 = 0.0855
Stock T = 0.25 x 1.02 = 0.255
Portfolio beta = 0.469 + 0.22 + 0.0855 + 0.255 = 1.0295 = 1.03
A multinational corporation taps oil reserves in a developing country's rainforest. Which of the following is a potential positive externality resulting from this? (1 point)
a
Better knowledge of rainforest plants
b
Decreased use of local fuel sources
c
Improved roadways for moving equipment
d
Increased profits for the drilling company
Answer:
option a because it increase the better knowledge of rain forest plant
Answer:
Improved roadways for moving equipment
Explanation: I GOT IT RIGHT IN THE TEST
If Andrew takes $10 from his wallet and deposits it into his checking account, what happens to M1 and M2?
(1 point)
A.
Both M1 and M2 increase.
B.
M1 decreases and M2 increases.
C.
Both M1 and M2 are unaffected.
D.
M1 is unaffected and M2 decreases
Answer:
B. M1 decreases and M2 increases
Cobb Company produces 8,000 parts each year, which are used in the production of one of its products. The unit product cost of a part is $36, computed as follows: Variable production costs $16 Fixed production costs 20 The parts can be purchased from an outside supplier for only $24 each. If the part is outsourced, fixed production costs would be reduced by one-fourth. If the parts are purchased from the outside supplier, the annual impact on the company's operating income will be:
Answer:
Explanation:
Total unit product cost = $36
If purchased from outside, then fixed costs will be only $15 because 25% of 20 will be reduced.
So, if purchased from outside,
Total unit cost = 24 + 15
Total unit cost = $39
So, it is more when purchased from outside. Total operating income will decrease by = 8,000 * (39 - 36) = $24,000
Carolina's Hats has the following sales, payroll, and property factors: North Carolina South Carolina Sales 75.03% 22.51% Payroll 68.62% 21.28% Property 78.45% 14.56% What is Carolina's Hats North and South Carolina apportionment factors if North Carolina uses an equally weighted three-factor formula and South Carolina uses a double-weighted sales factor formula
Answer:
North Carolina 74.03%
South Carolina 20.22%
Explanation:
Calculation to determine Carolina's Hats North and South Carolina apportionment factors if North Carolina uses an equally weighted three-factor formula and South Carolina uses a double-weighted sales factor formula
North Carolina=[(75.03 + 68.62 + 78.45)/3]
North Carolina=(222.1/3)
North Carolina 74.03 %
South Carolina = [(22.51 + 22.51 + 21.28 + 14.56)/4]
South Carolina = (80.86/4)
South Carolina= 20.22%
Therefore Carolina's Hats North and South Carolina apportionment factors will be:
North Carolina 74.03%
South Carolina 20.22%
During its first year of operations a company recorded accrued expenses totaling $375,000 for book purposes. For tax purposes, $175,000 of the expenses are deductible during the first year of operations and $200,000 are deductible during the second year of operations. The enacted income tax rate was 21% during the first year of operations and 25% during the second year of operations. The income tax expense to be reported in the income statement for the first year of operations is: ________
Answer:
c. asset of $50,000
Explanation:
Note: The correct question is "The balance sheet at the end of the first year of operations will report a deferred tax: asset of $42,000, liability of $42,000, liability of $50,000, asset of $50,000"
Deferred tax assets = Future deductible amount * Tax rate of future year
Deferred tax assets = $200000* 25%
Deferred tax assets = $50,000
So, the balance sheet at the end of the first year of operations will report a deferred tax asset of $50,000.
In its income statement for the year ended June 30, 2009, The Clorox Company reported the following condensed data (dollars in millions).
Selling and administrative expenses $ 715 Research and development expense $ 114
Net sales 5,450 Income tax expense 276
Interest expense 161 Other expense 46
Advertising expense 499 Cost of goods sold 3,104
Assume a tax rate of 34%.
Assume the marketing department has presented a plan to increase advertising expenses by $340 million. It expects this plan to result in an increase in both net sales and cost of goods sold of 25%.
Prepare a multiple-step income statement. (Round answers to 0 decimal places, e.g. 125.)
Answer:
Clorox Company
multiple-step income statement.
Net sales $5,450
Less Cost of goods sold ($3,104)
Gross Profit $2346
Less Operating Expenses :
Selling and administrative expenses $ 715
Research and development expense $ 114
Advertising expense $499 ($1,328)
Operating Income $1018
Less Non Operating Expenses :
Income tax expense $276
Interest expense $161
Other expense $46 ($483)
Net income $535
Explanation:
The multiple-step income statement shows separately the income derived from primary activities (operating income) and secondary activities (net income)
Consider the following list of transactions: Repay borrowing from the bank, $2,000. Pay employees' salaries of $1,500. Purchase equipment for cash, $10,000. Provide services to customers for cash, $4,500. Issue shares of common stock for cash, $5,000. Pay utilities, $1,000. Provide services to customers on account, $2,500. Sell old delivery truck for cash, $4,000. What amount would the company report for operating cash flows in the statement of cash flows
Answer:
$2,000
Explanation:
Calculation to determine What amount would the company report for operating cash flows in the statement of cash flows
Using this formula
Operating cash flows=Services to customers for cash-Employees' salaries -Utilities
Let plug in the formula
Operating cash flows= $4,500 − $1,500 − $1,000 Operating cash flows=$2,000
Therefore The Amount that the company would report for operating cash flows in the statement of cash flows is $2,000
According to the Florentine humanist, Leonardo Bruni, history should be studied first (after a mastery of Latin grammar) because: Group of answer choices studying the past makes it easier to understand the affairs of the current era people are doomed to repeat past mistakes understanding the past is the key to making better business decisions and gaining wealth religion is not a reliable source of wisdom and inspiration
Answer: studying the past makes it easier to understand the affairs of the current era
Explanation:
Leonardo Bruni was such an influence in the field of history that he has been known as the first modern historian for his contribution to history during the Renaissance.
Leonardo Bruni urged people to read history because he believed that in doing so, one would be able to better understand the affairs of the present because they will have a reference point to an event that occurred in the past.
Suppose an economy is producing gasoline. Which of the
following will be true?
a. The marginal benefit of the 100th gallon is bigger than the marginal
benefit of the 5th gallon
b. The marginal benefit of the 100th gallon is smaller than the marginal
benefit of the 5th gallon
c. The opportunity cost of producing the 100th gallon is smaller than the
opportunity cost of the 5th gallon
The answer depends on the specific context of the economy and how the production of gasoline is being allocated.
a. The marginal benefit of the 100th gallon is bigger than the marginal benefit of the 5th gallon is not always true. The marginal benefit of a good is the additional benefit that a consumer receives from consuming one more unit of the good. As such, the marginal benefit of gasoline can vary depending on a consumer's needs and preferences. For example, if a consumer is stranded on a highway with no gas, the marginal benefit of the 5th gallon may be much higher than the marginal benefit of the 100th gallon.
b. The marginal benefit of the 100th gallon is smaller than the marginal benefit of the 5th gallon is not always true. This is similar to the point I made above. The marginal benefit of a good can depend on a consumer's needs and preferences, so it is not possible to say that the marginal benefit of the 100th gallon will always be smaller than the marginal benefit of the 5th gallon without more information about the specific context.
c. The opportunity cost of producing the 100th gallon is smaller than the opportunity cost of the 5th gallon is also not always true. Opportunity cost is the cost of foregone opportunities, i.e., the next best alternative that must be given up in order to pursue a certain action. The opportunity cost of producing gasoline can depend on various factors such as the availability of resources, the cost of production, and the demand for other goods. So, its not possible to say that the opportunity cost of producing the 100th gallon is always smaller than the opportunity cost of the 5th gallon without more information about the specific context.
Addison Corporation is considering the purchase of equipment that would increase sales revenues by $250,000 per year and cash operating expenses by $100,000 per year. The equipment would cost $400,000 and have a 5-year life with no salvage value. The simple rate of return on the investment is closest to ________. multiple choice
Answer:
17.5%
Explanation:
depreciation = 400,000 / 5 = 80,000
return = $250,000 - %100,000 - $80,000 = 70,000
70,000 / 250,000 =
As the information security officer at your organization, you are concerned that a vendor with access to your purchasing application might become compromised and act as a vector through which your systems may be attacked. You want to establish a vendor risk management process. You would most likely engage all of the following groups EXCEPT:_________
a. Procurement
b. Human Resources
c. Legal
d. Vendor Management
Answer:
Human resources
Explanation:
As an information security officer, I need to establish a vendor risk management process. I will have to engage
Procurement - because that department is directly involved in purchasing and dealing with vendors.
Legal - as I am looking to implement a risk management process, a legal department will help out defining the policy and to avert any lawsuits or government systems
Vendor Management - Because that group is directly dealing with vendors for their registration and other processes.
Human resource is not engaged because we are not looking for new manpower for HR to hire / recruit which makes them irrelevant.
Consider a market with two firms, Hewlett-Packard (HP) and Dell, that sell printers. Both companies must choose whether to charge a high price ($) or a low price ($) for their printers. These price strategies with corresponding profits are depicted in the payoff matrixLOADING... to the right. HP's profits are in red and Dell's are in blue. Suppose HP and Dell are initially at the game's Nash equilibrium. Then, HP and Dell advertise that they will match any lower price of their competitors. For example, if HP charges $, then Dell will match that price and also charge $. What effect will matching prices have on profits (relative to the Nash equilibrium without price matching)? Assuming HP and Dell can coordinate to maximize profits, HP's profit will change by $ nothing and Dell's profit will change by nothing. (Enter either positive or negative numeric responses using integers.)
Answer: Hello your question is poorly written attached below is the complete question
answer : Change in profits
= $55 , $55
Explanation:
From the Question( Nash equilibrium ) we can see that there four combination of charges
HP, Dell ($450, $450 ) : profit ( $100, $100 )
HP ,Dell ($450, $250 ) :
HP, Dell ( $250, $450 )
HP, Dell ( $250, $250 ) profit ( $45, $45 )
when lower price is adopted profit made = ( $45 , $45 )
when Higher price is adopted profit made = ( $100, $100 )
Hence The effect of matching prices on profits (relative to the Nash equilibrium without price matching)
Assuming HP and Dell coordinates
HP's profit will changes by = $100 - $45 = $55
Dell's profit will change by = $100 - $45 = $55
To conduct an experiment, a movie theater increased movie ticket prices from $9 to $10 and measured the change in ticket sales. The theater then gathered data over the following month to determine whether the price increase was profitable. Assume total costs to the theater are the same, whether the price of a ticket is $9 or $10.
In order for the ticket price to have been profitable over the month, the elasticity of demand for movie tickets must be______.
Demand curves become_____elastic in the long run. This means that the ticket price increase will likely be____profitable in the long run.
Answer:
RELATIVELY INELASTIC
more elastic
less
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded
If demand is relatively inelastic and price increases, there would be little or no change in the quantity demanded and as a result, total revenue would increase
If demand were elastic and prices were increased, quantity demanded would fall more than the increase in price. As a result, total revenue would fall
In the long run, people have more time to search for suitable alternatives. Thus, demand tends to be more elastic in the long run
If the long run, price is increased, the total quantity demanded would fall and revenue would fall
Materials used by the Instrument Division of Ziegler Inc. are currently purchased from outside suppliers at a cost of $1,350 per unit. However, the same materials are available from the Components Division. The Components Division has unused capacity and can produce the materials needed by the Instrument Division at a variable cost of $900 per unit. a. If a transfer price of $1,000 per unit is established and 75,000 units of materials are transferred, with no reduction in the Components Division's current sales, how much would Ziegler Inc.'s total operating income increase
Answer:
the increase in the total operating income is $33,750,000
Explanation:
The calculation of the increase in the total operating income is given below:
= Material units × (outside supplier unit - variable cost per unit)
=75,000 units × ($1,350 - $900)
= $33,750,000
Hence, the increase in the total operating income is $33,750,000
We simply applied the above formula so that the correct amount could come
And, the same is relevant
Brett owns investment land located in Tucson, AZ. He exchanges it for other investment land. In which of the following locations may the other investment land be located and enable Brett to qualify for like-kind exchange treatment?
a. Mexico City
b. Mexico Toronto
c. Canada Paris
d. France
e. Only A and B
f. None of the above
Answer:
F. None of The Above
Explanation:
Real property located in the United States exchanged for foreign real property (and vice versa) does not qualify as like-kind property.
the part of the technical report should follow this sequence
Answer:
The title page.
The introduction.
The summary.
Experimental details.
Results and discussions.
The body.
Conclusion.
Explanation:
Hope this helps you
Sheffield Corp. incurred the following costs for 60000 units: Variable costs $360000 Fixed costs 392000 Sheffield has received a special order from a foreign company for 3000 units. There is sufficient capacity to fill the order without jeopardizing regular sales. Filling the order will require spending an additional $4200 for shipping. If Sheffield wants to earn $6000 on the order, what should the unit price be
Answer:
See below
Explanation:
Given the information above, the break even point is where company cost covers the cost used in producing goods
= $360,000 + $392,000 = $752,000 total cost / 60,000 units = $12.53 cost per unit
3,000 units ordered × $12.53 cost per unit = $37,590 + $4,200 = $41,790 / 3,000 units = $13.93
Therefore, the unit price should be $13.93
Your monthly salary is $5250. Each month, social security is taken out of your paycheck at a rate of 6.2%. How much is taken out of your paycheck each month for social security?
Answer:
$325,50
Explanation:
if monthly salary is $5250 and a rate of 6.2% is taken out for social security we will there for say:
social security =monthly salary × rate ÷ 100
=$5250 × 6,2÷100
=$325.50
Economists Kenneth Chay and Michael Greenstone found that in the two years following the passage of the Clean Air Act of 1970, the sharp reduction in air pollution also led to a decline in infant deaths. Although this and other studies provide compelling evidence of the link between pollution and infant health, it is not clear that reductions from the much lower levels of ambient pollution today would have the same effect. Which of the following reasons could explain this?
A) The cost of pollution abatement today is much higher than it was in the 1970s. Thus, it would be far more costly to achieve the same level of benefit today as the benefit achieved in 1970.
B) When levels of pollution are high, the marginal benefit of reducing pollution also is high. It follows therefore that the benefit of reducing air pollution in 1970 would be much higher than the benefit from a proportional reduction in air pollution today when the level of pollution is much lower.
C) Today, the level of pollution is much higher. Therefore, it will take a much larger reduction in air pollution to reap benefits similar to those in 1970.
D) When levels of pollution are high, the marginal benefit of reducing pollution is low. Therefore, it was necessary to significantly reduce air pollution in 1970 before benefits could be realized. Today, when the level of pollution is much lower, such drastic measures are unnecessary.
Answer: B) When levels of pollution are high, the marginal benefit of reducing pollution also is high. It follows therefore that the benefit of reducing air pollution in 1970 would be much higher than the benefit from a proportional reduction in air pollution today when the level of pollution is much lower.
Explanation:
Marginal benefits follow a returns to scale model which means that overtime, the benefits received per additional unit of output is less than the benefit before it.
In the context of pollution, there was much more pollution in 1970 so reducing pollution gave a high marginal benefit. As the air became cleaner however and pollution dropped, the benefit began decreasing because there was less pollution to clean and benefit from.
Sweet Company has the following securities in its investment portfolio on December 31, 2020 (all securities were purchased in 2020): (1) 2,800 shares of Anderson Co. common stock which cost $56,000, (2) 10,500 shares of Munter Ltd. common stock which cost $588,000, and (3) 6,000 shares of King Company preferred stock which cost $252,000. The Fair Value Adjustment account shows a credit of $10,600 at the end of 2020.
In 2021, Parnevik completed the following securities transactions.
1. On January 15, sold 3,240 shares of Andersonâs common stock at $23 per share less fees of $2,120.
2. On April 17, purchased 1,200 shares of Castleâs common stock at $33 per share plus fees of $1,840.
On December 31, 2021, the market prices per share of these securities were Munter $64, King $40, and Castle $23. In addition, the accounting supervisor of Parnevik told you that, even though all these securities have readily determinable fair values, Parnevik will not actively trade these securities because the top management intends to hold them for more than one year.
Required:
a. Prepare the entry for the security sale on January 15, 2021.
b. Prepare the journal entry to record the security purchase on April 17, 2021.
c. Compute the unrealized gains or losses.
Answer: See attachment
Explanation:
a. Prepare the entry for the security sale on January 15, 2021.
Jan 15, 2021:
Debit Cash $72400
Credit Gain on equipment sale $16400
Credit Equity Investment $56000
b. Prepare the journal entry to record the security purchase on April 17, 2021.
April 17, 2021:
Debit Equity Investment $41440
Credit Cash $41440
c. Compute the unrealized gains or losses.
The unrealized gain is $68760
Check the attachment for further details.
What is the term for selling related products?
Answer:
cross-sell..........
Encouraging a customer to buy a product related to the one they were already planning to buy is known as
cross-selling
networking
referring
upselling
Answer:
Encouraging a customer to buy a product related to the one they were already planning to buy is known as cross-selling