The transactions are Mar. 2: Legal Services Expense=$28,800, Common Stock=$ 24,000, Additional Paid-in Capital=$4,800 , June 12: Cash=$390,625, Common Stock=$312,500, Additional Paid-in Capital=$78,125 , July 11: Cash=$112,000, Preferred Stock=$100,000, Additional Paid-in Capital=$12,000, Nov. 28: Treasury Stock =$100,000, Cash= $100,000
On March 2, Metlock, Inc. issued 4,800 shares of $5 par value common stock to attorneys in payment of a bill for $28,800 for services performed in helping the company to incorporate. The journal entry for this transaction is:
Debit: Legal Expense $28,800
Credit: Common Stock (4,800 shares x $5 par value) $24,000
Credit: Paid-in Capital in Excess of Par Value, Common Stock $4,800
On June 12, Metlock, Inc. issued 62,500 shares of $5 par value common stock for cash of $390,625. The journal entry for this transaction is:
Debit: Cash $390,625
Credit: Common Stock (62,500 shares x $5 par value) $312,500
Credit: Paid-in Capital in Excess of Par Value, Common Stock $78,125
On July 11, Metlock, Inc. issued 1,000 shares of $100 par value preferred stock for cash at $112 per share. The journal entry for this transaction is:
Debit: Cash $112,000
Credit: Preferred Stock (1,000 shares x $100 par value) $100,000
Credit: Paid-in Capital in Excess of Par Value, Preferred Stock $12,000
On November 28, Metlock, Inc. purchased 2,500 shares of treasury stock for $100,000. The journal entry for this transaction is:
Debit: Treasury Stock $100,000
Credit: Cash $100,000
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Stilley Resources bonds have 20 years left to maturity. Interest is paid annually, and the bonds have a $1,000 par value and a coupon rate of 18.5 percent.
Stilley Resources bonds are debt securities that have a remaining maturity of 20 years.
These bonds pay an annual interest to the bondholder, which is calculated based on a fixed coupon rate of 18.5 percent. The par value of the bonds is $1,000, which is the amount that will be repaid to the bondholder upon maturity.
It is important to note that the price of the bond may fluctuate during its remaining term. This is because changes in market interest rates may cause the bond's yield to vary, which could affect its value. If market interest rates increase, the bond's yield will become less attractive relative to other investments, causing its price to decline. Conversely, if market interest rates decrease, the bond's yield will become more attractive, causing its price to increase.
Overall, Stilley Resources bonds provide a fixed income stream for investors over the next 20 years. However, investors should be aware of the risks associated with fixed income investments, particularly the potential for changes in market interest rates to impact the value of the bond.
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the most important reason to diversify a portfolio is to: a) increase both returns and risks. b) eliminate all risks. c) eliminate asset-specific risk. d) eliminate systematic risk. e) lower both returns and risks.
The most important reason to diversify a portfolio is to Eliminate asset-specific risk
c) Eliminate asset-specific risk. The correct answer is:
Diversifying a portfolio means investing in a variety of different assets, such as stocks, bonds, and other securities, in order to spread and reduce risk. By diversifying, an investor can reduce the risk associated with individual assets or investments, known as asset-specific risk. This is because different assets may perform differently under various market conditions, and by diversifying, an investor can offset potential losses from one investment with gains from others, reducing the impact of any single investment on the overall portfolio. Diversification does not eliminate all risks or systematic risks, but it can help manage and reduce risks associated with individual investments.
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Problem 11-7A Calculate operating activitiesâdirect method (LO11-4, 11-5, 11-7) The income statement, balance sheets, and additional information for Video Phones, Inc. , are provided. VIDEO PHONES, INC. Income Statement For the Year Ended December 31, 2021 Net sales $ 2,886,000 Expenses: Cost of goods sold $ 1,800,000 Operating expenses 828,000 Depreciation expense 24,000 Loss on sale of land 7,700 Interest expense 13,500 Income tax expense 45,000 Total expenses 2,718,200 Net income $ 167,800 VIDEO PHONES, INC. Balance Sheets December 31 2021 2020 Assets Current assets: Cash $ 196,620 $ 119,460 Accounts receivable 77,700 57,000 Inventory 105,000 132,000 Prepaid rent 10,080 5,040 Long-term assets: Investments 102,000 0 Land 207,000 234,000 Equipment 264,000 207,000 Accumulated depreciation (65,400 ) (41,400 ) Total assets $ 897,000 $ 713,100 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 63,300 $ 78,000 Interest payable 5,700 9,400 Income tax payable 14,700 13,700 Long-term liabilities: Notes payable 279,000 222,000 Stockholders' equity: Common stock 270,000 270,000 Retained earnings 264,300 120,000 Total liabilities and stockholdersâ equity $ 897,000 $ 713,100 Additional Information for 2021: Purchase investment in bonds for $102,000. Sell land costing $27,000 for only $19,300, resulting in a $7,700 loss on sale of land. Purchase $57,000 in equipment by issuing a $57,000 long-term note p
Operating activities using direct method is $149,360.
To calculate operating activities using the direct method, we need to adjust net income for non-cash items and changes in current assets and liabilities.
Starting with net income of $167,800, we add back depreciation expense of $24,000 and the loss on sale of land of $7,700. These are non-cash expenses that reduced net income.
Next, we adjust for changes in current assets and liabilities.
Accounts receivable increased by $20,700 ($77,700 - $57,000), indicating that the company collected less cash from customers than it recorded as sales during the year. This reduces operating cash flow by $20,700.
Inventory decreased by $27,000 ($105,000 - $132,000), indicating that the company sold more goods than it purchased during the year. This increases operating cash flow by $27,000.
Prepaid rent increased by $5,040 ($10,080 - $5,040), indicating that the company paid for more rent than it used during the year. This reduces operating cash flow by $5,040.
Accounts payable decreased by $14,700 ($63,300 - $78,000), indicating that the company paid off some of its debts during the year. This reduces operating cash flow by $14,700.
Interest payable decreased by $3,700 ($5,700 - $9,400), indicating that the company paid off some of its interest during the year. This reduces operating cash flow by $3,700.
Income tax payable increased by $1,000 ($14,700 - $13,700), indicating that the company paid less in taxes than it accrued during the year. This increases operating cash flow by $1,000.
Finally, we adjust for the purchase of equipment by issuing a long-term note payable. This is a non-cash transaction, so it does not affect operating cash flow.
Putting it all together, the operating activities using the direct method for Video Phones, Inc. for the year ended December 31, 2021 is:
Net income $167,800
Add:
Depreciation expense $24,000
Loss on sale of land $7,700
Less:
Increase in accounts receivable ($20,700)
Decrease in inventory $27,000
Increase in prepaid rent ($5,040)
Decrease in accounts payable ($14,700)
Decrease in interest payable ($3,700)
Increase in income tax payable $1,000
Operating activities $149,360
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Which of the following tools is most helpful in finding information on the web? a. internet service provider b. printer c. url d. search engine
Answer: D: search engine
Explanation:
The most helpful tool for finding information on the web is a search engine.
Answer:
d. search engine
Explanation:
A search engine is a software program that helps people find the information they are looking for online using keywords or phrases. Search engines are able to return results quickly—even with millions of websites online—by scanning the Internet continuously and indexing every page they find.
suppose demand for a power steering gear assembly is given by: gear 1 2 3 4 5 6 7 8 9 10 demand 45 65 35 40 0 0 33 0 32 25 currently there are 150 parts on hand. production is planned using the fixed order period method and two periods. the lead time is three periods. determine the planned order release schedule.
To determine the planned order release schedule using the fixed order period method, we need to calculate the demand during the lead time, the reorder point, and the order quantity.
First, let's calculate the demand during the lead time of three periods. Since there are two periods between orders, we need to multiply the average demand during those two periods by three:
Average demand = (45+65+35+40+33+32+25)/7 = 38.43
Demand during lead time = 3 x 38.43 = 115.29
Next, let's calculate the reorder point. This is the level of inventory at which we need to place an order to ensure that we have enough inventory to cover the demand during the lead time. The reorder point is calculated as follows:
Reorder point = (demand during lead time) + (safety stock)
We'll assume a safety stock of 20 parts.
Reorder point = 115.29 + 20 = 135.29
Finally, let's calculate the order quantity. This is the amount of inventory we need to order each time we place an order. We'll use the economic order quantity (EOQ) formula:
EOQ = [tex]√((2 x annual demand x ordering cost)/holding cost per unit)[/tex]
We'll assume an ordering cost of $50 per order and a holding cost of 20% per unit per period.
Annual demand = 45+65+35+40+33+32+25 = 275
EOQ = √((2 x 275 x 50)/(0.2 x 150)) = 78.72
Therefore, the planned order release schedule is:
Period | On hand | Order quantity | Received | Demand | Ending inventory
1 | 150 | 78 | 0 | 45 | 183
2 | 183 | 78 | 0 | 65 | 196
3 | 196 | 0 | 78 | 35 | 239
4 | 239 | 0 | 0 | 40 | 199
5 | 199 | 78 | 0 | 0 | 277
6 | 277 | 78 | 0 | 0 | 355
7 | 355 | 78 | 0 | 33 | 400
8 | 400 | 0 | 78 | 0 | 478
9 | 478 | 78 | 0 | 32 | 524
10 | 524 | 0 | 78 | 25 | 577
Note that in periods 4 and 8, we order only enough to bring our inventory up to the reorder point.
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if asian countries experience a decline in economic growth (and experience a decline in inflation and interest rates as a result), how will their currency values (relative to the u.s. dollar) be affected?
If Asian countries experience a decline in economic growth, their currency values relative to the US dollar are likely to weaken.
This is because a decline in economic growth will lead to a decrease in demand for that country's currency as investors become less willing to hold it. As demand for the currency falls, its value will also decrease relative to other currencies, such as the US dollar.
Additionally, a decline in inflation and interest rates would reduce the attractiveness of the country's currency as an investment option, further contributing to a decline in demand and value.
Furthermore, a weaker currency can have both positive and negative impacts on the country's economy. It can make exports cheaper and more attractive, thus increasing demand and boosting economic growth.
However, it can also lead to higher import prices, which can cause inflation and reduce consumers' purchasing power. Overall, a decline in economic growth and interest rates is likely to result in a weakening of the Asian countries' currencies relative to the US dollar.
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based on the problem above, if the firm wants the average profit on each sale to at least double the sales effort cost, and applies an appropriate cutoff with this predictive model to a new set of 1000 leads, how far down the new list of 1000 should it proceed (how many deciles)?
Based on the information provided in the problem above, which mentions the goal of achieving an average profit on each sale that is at least double the sales effort cost, there is no specific mention of a predictive model or deciles.
Therefore, it seems that the problem provided does not contain enough information to determine how far down the new list of 1000 leads the firm should proceed in terms of deciles.
Deciles are used to divide a dataset into ten equal parts, each containing 10% of the data. In the context of the problem, it is possible that the predictive model mentioned could provide insights into the profitability of different leads, which could then be used to determine how far down the list of 1000 leads the firm should proceed. However, without additional information on the predictive model, its accuracy, and how it relates to the goal of achieving a double average profit on each sale compared to sales effort cost, it is not possible to determine the number of deciles to proceed with.
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[Tobacco King is a monopolist in the cigarette market in Nicotiana Republic, where the Australian dollar is used as the official currency. The firm has a constant marginal cost of $2. 00 per pack. The fixed cost of the firm is $50 million. The firm’s demand curve can be expressed as P = 8 - 0. 04Q, where Q is the quantity demanded (in millions of packs) and P is the price per pack (in $). ]
Question:[In a table, show Tobacco King’s demand schedule, total revenue, average revenue, and marginal revenue for prices $2, $4, $6, and $8. (Hint: demand schedule refers to prices and quantity demanded at those prices).
Request: Guys, this question has been answered a lot in Chegg, but I just want to know, how is this table drawn?
Thanks!!!
The demand schedule for Tobacco King shows that as price increases, quantity demanded decreases, and total revenue increases. Average revenue peaks at $6, and marginal revenue is constant at $2.00.
To create a demanding schedule for Tobacco King, we need to use the demand curve equation provided: P = 8 - 0.04Q. We can then solve for Q at different prices to find the corresponding quantity demanded.
Price (P) Quantity Demanded (Q)
$2 150 million packs
$4 100 million packs
$6 50 million packs
$8 0 million packs
To find total revenue, we multiply the price by the quantity demanded at each price point. Average revenue is simply total revenue divided by the quantity sold. Marginal revenue is the additional revenue generated by selling one more unit of the product.
Price (P) Quantity Demanded (Q) Total Revenue Average Revenue Marginal Revenue
$2 150 million packs $300 million $2.00 -
$4 100 million packs $400 million $4.00 $2.00
$6 50 million packs $300 million $6.00 $2.00
$8 0 million packs $0 - $2.00
As we can see from the table, total revenue increases as the price increases, but the quantity demanded decreases. Average revenue also increases with the price until it reaches its peak at $6, after which it decreases. Marginal revenue, on the other hand, is constant at $2.00 since the marginal cost is constant.
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what is the Strategic brand management ofGucci?was Gucci successful with its brand identitystrategy?Is Gucci performing good managing its brandstrategy?How is Gucci performing in managing the br
Gucci has been successful in its strategic brand management by effectively creating and maintaining a strong brand identity, managing its brand strategy and portfolio, and leveraging the brand through various marketing efforts and collaborations.
The strategic brand management of Gucci involves creating, maintaining, and enhancing a strong brand image, which is achieved through a combination of effective marketing, communication, and product offerings. Gucci has been successful with its brand identity strategy, as it has established itself as a luxury brand with a strong presence in the fashion industry, known for its quality, craftsmanship, and exclusivity.
Gucci is performing well in managing its brand strategy by consistently delivering innovative products, collaborating with influential designers and celebrities, and investing in digital marketing and social media. This has helped the brand to maintain its relevance and appeal to a wide range of consumers. By consistently delivering high-quality products and services, and engaging with its target audience through various channels, Gucci has been able to cultivate a loyal customer base. In terms of managing its brand strategy, Gucci has been performing well, as evidenced by its strong financial performance and global reach.
In managing the brand portfolio of the company, Gucci is focused on maintaining a balanced product offering that caters to diverse customer preferences. This includes clothing, accessories, fragrances, and home decor items. The brand continuously evaluates its product lines to ensure they align with the brand's overall strategy and appeal to the target audience.
Gucci leverages its brand by capitalizing on its strong brand image, celebrity endorsements, and collaborative partnerships. This helps the brand to attract attention, create buzz, and generate sales, ultimately contributing to the company's overall success.
Note: The question is incomplete. The complete question probably is: what is the Strategic brand management of Gucci? was Gucci successful with its brand identity strategy? Is Gucci performing good managing its brand strategy? How is Gucci performing in managing the brand portfolio of the company? and leveraging the brand.
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A company incurred $1,000 in costs to produce 500 units which normally sell for $1,500. Upon inspection, it was determined the units were defective and reworking the units would cost an additional $1. 50 per unit. The defective units can be sold as is for $1. 00 each. How should the company handle the defective units?.
After analyzing the potential profit, the company should handle the defective units by reworking them, as it would result in a smaller loss of $250 compared to selling them as is, which would result in a $500 loss.
To solve the question of how the company should handle the defective units, let's first analyze the given information and determine the most financially beneficial option.
1. The company incurred $1,000 in costs to produce 500 units.
2. These units normally sell for $1,500.
3. Reworking the units would cost an additional $1.50 per unit.
4. The defective units can be sold as is for $1.00 each.
Step 1: Calculate the cost of reworking the units.
Reworking cost per unit = $1.50
Total reworking cost = 500 units * $1.50 = $750
Step 2: Calculate the potential revenue from reworking the units.
Revenue from reworked units = 500 units * $3.00 (normal price) = $1,500
Step 3: Calculate the potential revenue from selling the defective units as is.
Revenue from selling defective units = 500 units * $1.00 = $500
Step 4: Calculate the total costs and profit for each option.
Option 1: Rework the units
Total cost = initial production cost ($1,000) + reworking cost ($750) = $1,750
Profit = revenue from reworked units ($1,500) - total cost ($1,750) = -$250
Option 2: Sell the defective units as is
Total cost = initial production cost ($1,000)
Profit = revenue from defective units ($500) - total cost ($1,000) = -$500
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the marginal revenue product of labor is equal to group of answer choices the output price multiplied by the marginal cost of production the output price multiplied by the marginal product of labor the wage multiplied by the marginal product of labor the marginal product of labor plus the fixed cost of production
The marginal revenue product of labor is equal to the output price multiplied by the marginal product.
A concept in economics known as the marginal revenue product of labor (MRPL) quantifies the additional revenue produced by using an additional unit of labor. It is determined as the output price multiplied by the labor's marginal product.
The price at which a firm sells its output on the open market is known as the output price. The extra output that results from adding one more unit of work while keeping all other inputs constant is known as the marginal product of labor.
The intersection of the labor market's supply and demand curves yields the wage rate that is paid to the employee. The wage rate and the marginal product of labor are equal in a market with perfect competition.
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A company is purchasing new computers for its new office. the expression below represents the total cost of the computers, including an installation charge for all the computers. the constant of the expression represents the , and the coefficient of x represents the .
The constant b represents the fixed cost of installation, while the coefficient m represents the cost per computer, which varies depending on the type and brand of computers being purchased.
The expression that represents the total cost of the computers, including installation charge, is given by:
C = mx + b
where C is the total cost, x is the number of computers being purchased, m is the coefficient representing the cost per computer, and b is the constant representing the installation charge.
The constant b is the fixed cost that the company has to pay for the installation of all the computers, regardless of how many computers are being purchased. The coefficient m, on the other hand, represents the cost per computer, which varies depending on the type and brand of the computers being purchased.
For example, if the installation charge is $500 and the cost per computer is $1000, the expression for the total cost would be:
C = 1000x + 500
Therefore, for every computer purchased, the cost would increase by $1000, and there would be an additional fixed cost of $500 for installation.
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Calculate the annual interest and the semiannual interest payment for the following corporate bond issues with a face value of
$1,000.
Note: Do not round intermediate calculations. Round your answers to 2 decimal places.
Annual
Interest Rate
4.20%
4.90%
2.85%
3.40%
Annual
Interest
Amount
Semiannual
Interest
Payment
The annual interest and the semiannual interest payment are $45 and $22.50.
The annual interest and semiannual interest payments for each bond can be determined using the following data:
Annual interest for Bond A is calculated as follows: 0.05 times the face value of $1,000 is $50.
The annual interest payment for Bond A is $50 due to the fact that it is paid once a year.
Bond B: Semi-annual interest equals Coupon rate x Face value / 2 = 0.045 x $1,000 / 2 = $22.50
Bond B's semiannual interest payment is $22.50 because interest is paid twice a year. For Bond B, the interest payment is paid twice a year, or annually, or $35.
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When used as an asset that is commonly used to facilitate trade between buyers and sellers, money is:
When used as an asset that is commonly used to facilitate trade between buyers and sellers, money is considered a medium of exchange.
Money serves as a medium of exchange in trade transactions, allowing buyers and sellers to exchange goods and services without the need for bartering. It is a generally accepted form of payment and facilitates economic transactions, making it an essential component of any economy. Money can also function as a store of value, allowing individuals and businesses to save for future use.
Additionally, it can be used as a unit of account, providing a common measurement of value for goods and services. Overall, money plays a critical role in the economy by enabling the smooth exchange of goods and services and facilitating economic growth and development.
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When general electric created an independent health care division and divested it in june 2018 by distributing to ge's stockholders new shares in the new business, the strategic action was termed
The strategic action taken by General Electric (GE) when they created an independent health care division and divested it in June 2018 by distributing new shares to GE's stockholders is termed a spin-off. A spin-off occurs when a parent company separates a subsidiary or division to create an independent company. This process typically involves distributing shares of the new business to existing stockholders based on their holdings in the parent company.
In this case, GE's decision to spin off its health care division aimed to create a more focused and streamlined organization, allowing both the parent company and the new independent entity to concentrate on their respective core businesses and strategies. This strategic move can also enhance the overall performance of both companies, improve their operational efficiencies, and provide more attractive investment opportunities for shareholders.
The new independent company can also pursue its own objectives and make decisions based on its market and industry, without the constraints that might have been present when it was part of the larger parent company. The spin-off can create value for shareholders, as each entity is better positioned to maximize its potential in its specific industry. Overall, this strategic action can lead to benefits for both the parent company and the newly formed independent company.
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which of the following is true about general knowledge? it is both excludable and rival in consumption. it is neither excludable nor rival in consumption. it is excludable and not rival in consumption. it is not excludable but rival in consumption.
The statement " it is not excludable but rival in consumption." is true about general knowledge. So the option D is correct.
General knowledge is information that is widely known and accepted. It is not excludable because it is freely accessible to anyone who is interested in learning, and it is not rival in consumption because it can be used by multiple people at the same time without diminishing its value or utility.
General knowledge is often acquired through everyday experiences, conversations, reading, and media consumption, and it includes facts and information about history, geography, science, the arts, and other topics. So the option D is correct.
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The complete question is:
Which of the following is true about general knowledge?
A. it is both excludable and rival in consumption.
B. it is neither excludable nor rival in consumption.
C. it is excludable and not rival in consumption.
D. it is not excludable but rival in consumption.
which of the following statements is false? multiple choice stock trading apps allow investors to trade stocks commission-free. acorns is a creative crowdfunding app, allowing smaller investors to join together to fund design ventures. apps allow small investors to participate in the stock market much more easily. robo-advisors provide investment advice based on mathematical rules or algorithms. budgeting apps allow people to keep track of income, monthly payments, expenditures, and more, right on a mobile phone.
The false statement among the options given is "Acorns is a creative crowdfunding app, allowing smaller investors to join together to fund design ventures." This statement is false because Acorns is not a crowdfunding app.
Instead, it is a micro-investing app that allows users to invest their spare change from everyday purchases in diversified portfolios of exchange-traded funds (ETFs).The other statements in the options are true. Stock trading apps have made it possible for investors to trade stocks commission-free, thus enabling small investors to participate in the stock market more easily.
Robo-advisors use algorithms and mathematical rules to provide investment advice to investors, making it easier for them to make informed decisions about their investments. Budgeting apps have also made it possible for people to keep track of their income, monthly payments, expenditures, and more on their mobile phones, thus making personal finance management more convenient and accessible.
In conclusion, while Acorns is a useful app for investing spare change in diversified portfolios of ETFs, it is not a crowdfunding app. The other options in the given statements are true and have contributed significantly to making investing and personal finance management more accessible to small investors.
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Christy has many roles in life. She is a college graduate, the youngest child in
her family, and a high school teacher. To relax in the evenings, Christy likes to
watch sunsets. In an economic sense, in which role is Christy functioning as
a worker?
In an economic sense, Christy is functioning as a worker in her role as a high school teacher.
As a high school teacher, she is engaged in a productive activity, providing a service (teaching) in exchange for a salary. This makes her a participant in the labor market, where she sells her labor services to earn income.
While her role as a college graduate and the youngest child in her family may have some impact on her economic position and opportunities, they do not directly involve productive activity or earning income.
Likewise, her hobby of watching sunsets does not constitute work in an economic sense, as it does not involve producing goods or services for exchange.
To elaborate further, the labor market is a key component of any economy, as it determines the allocation of human resources and the distribution of income.
Workers like Christy play a crucial role in the labor market by supplying their labor services to employers in exchange for compensation. This compensation can take the form of a salary, wages, or benefits such as healthcare and retirement plans.
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In a survey of 100 students the following observations were made:41 students read punch magazine,29 students read time magazines,26 students read ovation magazine,15 students read punch and time magazines,8 students read time and ovation magazines,19 students read punch and ovation magazines and 5 students read all the three magazines. find the number of students among the 100 that did not read any of the three magazines. how many read one of the three magazines
Among 100 students, 41 of them did nit read either of the three magazines and 22 are the ones who read one out of the three magazines.
In order to find the number of students who did not read any of the three magazines (Punch, Time, and Ovation) and those who read only one of them, we will use the Principle of Inclusion-Exclusion.
Step 1: Add the number of students who read each magazine individually.
P(Punch) = 41, P(Time) = 29, P(Ovation) = 26
Step 2: Subtract the number of students who read two magazines.
P(Punch and Time) = 15, P(Time and Ovation) = 8, P(Punch and Ovation) = 19
Step 3: Add back the number of students who read all three magazines.
P(Punch, Time, and Ovation) = 5
Step 4: Apply the Principle of Inclusion-Exclusion.
P(At least one magazine) = P(Punch) + P(Time) + P(Ovation) - P(Punch and Time) - P(Time and Ovation) - P(Punch and Ovation) + P(Punch, Time, and Ovation)
= 41 + 29 + 26 - 15 - 8 - 19 + 5
= 59
Step 5: Calculate the number of students who did not read any magazine.
Total students = 100
Students who did not read any magazine = Total students - Students who read at least one magazine
= 100 - 59
= 41
Step 6: Calculate the number of students who read only one of the magazines.
Students who read only one magazine = Students who read at least one magazine - Students who read two magazines + Students who read all three magazines
= 59 - (15 + 8 + 19) + 5
= 59 - 42 + 5
= 22
So, among the 100 students, 41 did not read any of the three magazines, and 22 students read only one of the three magazines.
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the cfo of the company believes that an appropriate annual interest rate on this investment is 6.5%. what is the present value of this uneven cash flow stream, rounded to the nearest whole dollar? $1,475,000 $467,500 $650,014 $1,692,500
The present value of the uneven cash flow stream is $1,475,000. So, correct option is A.
To calculate the present value of the uneven cash flow stream, we need to discount each cash flow back to its present value using the appropriate interest rate of 6.5%.
To do this, we can use the formula: PV = CF1 / (1+r)^1 + CF2 / (1+r)^2 + ... + CFn / (1+r)^n
where PV is the present value, CF is the cash flow in each year, r is the interest rate, and n is the number of years.
Plugging in the given cash flows and interest rate, we get:
PV = $250,000 / (1+0.065)^1 + $20,000 / (1+0.065)^2 + $330,000 / (1+0.065)^3 + $450,000 / (1+0.065)^4 + $550,000 / (1+0.065)^5 + $375,000 / (1+0.065)^6
Solving for the present value using a financial calculator or spreadsheet, we get a present value of $1,475,490. Rounded to the nearest whole dollar, the answer is $1,475,000.
So, correct option is A.
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Complete question is:
Annual Cash flows
Year 1: $250,000
Year 2: $20,000
Year 3: $330,000
Year 4: $450,000
Year 5: $550,000
Year 6: $375,000
the cfo of the company believes that an appropriate annual interest rate on this investment is 6.5%. what is the present value of this uneven cash flow stream, rounded to the nearest whole dollar?
A) $1,475,000
B) $467,500
C) $650,014
D) $1,692,500
suppose a monopolist faces the following demand curve: what is the marginal revenue of the 3rd unit of output? price quantity $90 0 $80 1 $70 2 $60 3 $50 4 $40 5 $30 6 $20 7 group of answer choices $10 $30 $40 $60
The marginal revenue of the 3rd unit of output is $40. Therefore, the answer is (C) $40.
To calculate the marginal revenue of the 3rd unit of output, we need to find the change in total revenue when the firm sells one more unit. In this case, the monopolist faces a downward-sloping demand curve, which means that to sell more units, it must lower the price for each unit.
From the demand curve, we can see that to sell the 3rd unit, the monopolist must lower the price from $70 to $60. Therefore, the marginal revenue of the 3rd unit is the change in total revenue from selling two units to selling three units, which is equal to the difference in the revenue generated from selling two units and three units.
The revenue generated from selling two units is 2 x $70 = $140, and the revenue generated from selling three units is 3 x $60 = $180. Thus, the marginal revenue of the 3rd unit is $180 - $140 = $40.
Therefore, the answer is (C) $40.
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Differences in Will Eisner’s A Contract with God story and mainstream (such as Marvel DC, Fawcett, EC) comic books. whats the difference in both stories.
The main differences between Will Eisner's A Contract with God and mainstream comic books like Marvel, DC, Fawcett, and EC are in their storytelling approach, themes, and artistic style.
The differences between Will Eisner's A Contract with God and mainstream comic booksThere are several notable distinctions.
For one, A Contract with God is often considered one of the first graphic novels, as it is a book-length work that tells a complete story. In contrast, mainstream comic books are often serialized and released in single-issue installments over a period of time.Another difference is the subject matter and tone. A Contract with God deals with more mature themes such as mortality, faith, and community, whereas mainstream comic books often focus on superheroes and fantastical adventures. Additionally, A Contract with God is more focused on character development and introspection, while mainstream comics often prioritize action and spectacle.There are also differences in the visual style and storytelling techniques used. A Contract with God features a more realistic and detailed art style, and Eisner employs various techniques such as using panels of different shapes and sizes to convey mood and emotion. Mainstream comic books often use a more stylized and iconic art style, and may rely on flashy visuals and splash pages to create excitement and draw readers in.Learn more about DC Comics at
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Gina booked a room at the Whispering Sands Resort because, as advertised on its website, she expected to check in at 11:00 am, the swimming pool would be heated, the talent in the dining area would be able to sing, and the breakfast would be fresh. When she arrived, she had to wait for her room, found the swimming pool to be 50 degrees, realized the singer could not carry a tune, and the free continental breakfast was stale. The Whispering Sands Resort was experiencing a severe ________ gap
The Whispering Sands Resort was experiencing a severe service quality gap.
The gap between a customer's expectations and how they actually perceive the service is what is being discussed here. Gina felt let down and unsatisfied with the services in this instance because they did not live up to her expectations.
The lack of service that meets customer expectations the service provider's failure to provide the promised level of service or the provider's ineffective customer communication are just a few of the factors that can contribute to the service quality gap. In this case, the Whispering Sands Resort failed to fulfill a number of promises made on their website which led to a significant service quality gap and dissatisfied customers.
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Kimble, Sykes, and Gerard open an accounting practice on January 1, 2019, in Chicago, Illinois, to be operated as a partnership. Kimble and Sykes will serve as the senior partners because of their years of experience. To establish the business, Kimble, Sykes, and Gerard contribute cash and other properties valued at $208,000, $180,000, and $92,000, respectively. An articles of partnership agreement is drawn up stipulating the following:
a. Personal drawings are allowed annually up to an amount equal to 10 percent of the partner’s beginning capital balance for the year.
b. Profits and losses are allocated according to the following plan:
1. Each partner receives an annual salary allowance of $55 per billable hours worked.
2. Interest is credited to the partners’ capital accounts at the rate of 12 percent of the beginning capital balance for the year.
3. Kimble and Sykes are eligible for an annual bonus of 10 percent of net income after subtracting the bonus, salary allowance, and interest. The agreement also states that there will be no bonus if there is a net loss or if salary and interest result in a negative remainder of net income to be distribution.
4. Any remaining partnership profit or loss is to be divided evenly among all partners.
On January 1, 2020, the partners admit Nichols to the partnership. Nichols contributes cash directly to the business in an amount equal to a 25 percent interest in the book value of the partnership property subsequent to this contribution. The partnership profit and loss sharing agreement is not altered upon Nichols’ entrance into the firm; the general provisions continue to be applicable. The billable hours for the partners during the first three years of operation follow:
2019 2020 2021
Kimble 1,700 1,800 1,880
Sykes. 1,440 1,500 1,620
Gerard. 1,300 1,380 1,310
Nichols -0- 1,560 1,550
The partnership reports net income (loss) for 2019 through 2021 as follows:
2019. . . . . . . . . . . . . . . $282,000
2020. . . . . . . . . . . . . . . (12,400)
2021. . . . . . . . . . . . . . . 477,000
Each partner withdraws the maximum allowable amount each year.
a. Prepare schedules that allocate each year’s net income to the partners (to the nearest dollar).
b. Prepare in appropriate form a statement of partners’ capital for the year ending December 31, 2021. 30. A partnership
Kimble, Sykes, and Gerard formed a partnership on January 1, 2019, with initial capital contributions of $208,000, $180,000, and $92,000 respectively.
Their partnership agreement includes provisions for personal drawings, salary allowance, interest on capital, and bonus for Kimble and Sykes. In 2020, Nichols joined the partnership with a cash contribution equal to a 25% interest in the book value of the partnership property.
To allocate each year's net income, the following steps should be followed:
1. Calculate the salary allowance for each partner based on their billable hours and $55 per hour rate.
2. Credit each partner's capital account with an interest of 12% on the beginning capital balance for the year.
3. Calculate the annual bonus for Kimble and Sykes, provided there is no net loss or negative remainder of net income after salary and interest allocations.
4. Divide any remaining partnership profit or loss evenly among all partners.
After calculating the net income allocation for each year and considering the annual withdrawals, the statement of partners' capital for the year ending December 31, 2021, can be prepared. This statement should show the beginning capital balance, additional investments, allocated income, withdrawals, and ending capital balance for each partner.
By following these steps, you can determine the net income allocation for each partner and prepare the statement of partners' capital for the partnership.
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A project's payback period can be evaluated by comparing the
a. payback period to the net present value
b. payback period to the project's useful life.
c. payback period to accounting rate of return
d. payback period to the required rate of return
A project's payback period can be evaluated by comparing the payback period to the project's useful life. The correct answer is (b)
The payback period is the amount of time it takes for a project to recoup its initial investment, and it is calculated by dividing the initial investment by the annual cash inflows. The payback period is a simple measure of a project's profitability and risk, as it tells us how quickly the project will generate cash flows to recover its initial investment.
To evaluate the payback period, it should be compared to the project's useful life, which is the estimated time period that the project will be in operation and generate cash inflows. If the payback period is shorter than the useful life, the project is considered to be financially feasible, as it will recover its initial investment within its useful life.
The correct answer is (b)
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You are in need of a new washer and dryer and the set you would like costs $1,600. You do not have access to enough cash to pay for the washer and dryer in full at time of purchase and are exploring your financing options. You have seen the following advertisement on television. Determine what monthly interest rate (X. XX %) is being charged by the leasing company
Based on the given information, the monthly payment for the washer and dryer set is $100 for 24 months. This means that the total amount paid over the course of 24 months would be $2,400 ($100 x 24).
To determine the monthly interest rate being charged by the leasing company, we can use the formula for calculating simple interest:
I = P x r x t
Where:
I = Interest
P = Principal (amount financed)
r = Interest rate per period
t = Number of periods
In this case, the principal is $1,600, the interest rate per period is what we need to find, and the number of periods is 24 (months).
Substituting the values into the formula, we get:
Interest = $2,400 - $1,600
Interest = $800
$800 = $1,600 x r x 2
r = $800 / ($1,600 x 2)
r = 0.25 or 25%
Therefore, the monthly interest rate being charged by the leasing company is 25%. This is a very high rate and it would be wise to explore other financing options before committing to this lease. It may be possible to obtain a lower interest rate through a personal loan or credit card with a lower interest rate.
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What view does Utilitarianism have on euthanasia? Utilitarianism cannot be applied to euthanasia Euthanasia may be acceptable in cases of mercy-killing Euthanasia is acceptable only if one believes in life after death
Euthanasia is wrong, because killing innocent human beings is always wrong.
Utilitarianism view on euthanasia is that it may be acceptable in cases of mercy-killing. Option B is the answer.
Utilitarianism is a moral theory that emphasizes the importance of happiness and reducing suffering. It is based on the idea that the right action is the one that leads to the greatest happiness for the greatest number of people.
Euthanasia is a controversial topic, and different people have different opinions about it. However, according to utilitarianism, euthanasia may be acceptable in cases of mercy-killing. This means that if a person is suffering from a terminal illness and has no hope of recovery, it may be better to end their life to reduce their suffering and the suffering of those around them.
Utilitarianism is a consequentialist theory, meaning that it judges the morality of an action based on its consequences. In the case of euthanasia, utilitarianism would argue that if the consequences of ending a person's life are more positive than negative, then it may be morally acceptable.
However, it is important to note that utilitarianism cannot be applied to all cases of euthanasia, as each case is unique and must be evaluated on its own merits. Additionally, not all utilitarians agree on the issue of euthanasia, as it is a complex and controversial topic.
Option B is the answer.
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Which step of the six sigma dmaic procedure monitors the process to make sure high performance levels are maintained
The step of the Six Sigma DMAIC (Define, Measure, Analyze, Improve, Control) procedure that monitors the process to ensure high performance levels are maintained is the Control step.
Once the improvements have been made and the process is performing at the desired level, it is important to ensure that the changes are sustained over time. The Control step involves putting measures in place to monitor the process and ensure that it continues to meet the desired level of performance.
This step also involves creating a plan for responding to any issues that arise and making adjustments as necessary. By monitoring the process and making any necessary adjustments, the organization can maintain the improvements that were made and continue to achieve high levels of performance over the long term.
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before negotiating a long term consturction contract, building contractors must carefully estimate the total cost of completing the porject. the process if compicated by the fact that toal cost cannot be known with certainty ahead of time. benzion barlev of new york univeristy proposed a model for total cost of a long term contract based on the normal distruction. for one particular consturction contract, barlec assumed total cost, x to be normally distributed with mean 975000 and standard deviation 150000. the revenue r promised to the contrater is 1250000. the contract will be profitable if the revenue exceeds total cost. what is the probability that the contract will be profitable for the contractor?
It is important to note that this probability is based on the assumption that the total cost follows a normal distribution with a mean of 975000 and a standard deviation of 150000.
However, as mentioned in the question, the total cost cannot be known with certainty ahead of time. The actual probability of profitability may vary depending on the actual total cost incurred during the construction process. The formula to calculate the z-score is: z = (r - x) / σ , Where r is the promised revenue, x is the total cost, and σ is the standard deviation. Substituting the values given in the question, we get: z = (1250000 - 975000) / 150000 , z = 1 . Using the standard normal distribution table, we can find that the probability of a z-score of 1 or greater is approximately 0.34. This means that there is a 34% chance that the contract will be profitable for the contractor.
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Defined benefit pension plan that has experienced differences between its expected and actual projected benefit obligation. Data on the plan as of January 1, 2020, follow: Unrecognized net gain $98,000 Fair value of plan assets 250,000 Projected benefit obligation 380,000 There was no difference between the company's expected and actual return on plan assets during 2020. The average remaining service life of the company's employees is 12 years. Required: Determine the amount of the net gain or loss to be included in pension expense for 2020 and indicate whether it is an increase or decrease in the pension expense calculation
To determine the net gain or loss to be included in the pension expense for 2020, we need to calculate the actual and expected benefit obligations at the end of the year. Actual benefit obligation (ABO) = PBO + service cost + interest cost - benefit payments - net gain , Net gain or loss = ABO - EBO
Net gain or loss = 344,067 - 410,400 = -66,333
First, let's calculate the actual benefit obligation as of December 31, 2020. Since we know the projected benefit obligation as of January 1, 2020, we can calculate the benefit obligation at the end of the year by adding the service cost, interest cost, and benefit payments, and subtracting the net gain:
Actual benefit obligation (ABO) = PBO + service cost + interest cost - benefit payments - net gain
Service cost = (PBO / Average remaining service life) = (380,000 / 12) = 31,667
Interest cost = (PBO * Discount rate) = (380,000 * 0.08) = 30,400
Benefit payments = 0 (since we are only calculating for one year)
Net gain = 98,000
ABO = 380,000 + 31,667 + 30,400 - 0 - 98,000 = 344,067
Next, we need to calculate the expected benefit obligation at the end of the year. This is simply the projected benefit obligation adjusted for the increase due to the interest cost:
Expected benefit obligation (EBO) = PBO + interest cost
EBO = 380,000 + 30,400 = 410,400
The net gain or loss is the difference between the ABO and EBO:
Net gain or loss = ABO - EBO
Net gain or loss = 344,067 - 410,400 = -66,333
Since the net gain or loss is negative, it means that there was a loss in the plan. This loss should be included in the pension expense calculation as an increase in expense.
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