Answer:
Medium of exchange
unit of account
store of value)
Explanation:
Functions of money
1. Medium of exchange : money can be used to exchange for goods and services. For example, money serves as a medium of exchange when you buy a car with a check
2. Unit of account : money can be used to value goods and services. SEAN was able to determine which is more valuable between super and duper using the price.
3. Store of value : money can retain its value over the long term, this it can be used as a store of value.
On January 1 of this year, Houston Company issued a bond with a face value of $18,000 and a coupon rate of 6 percent. The bond matures in 3 years and pays interest every December 31. When the bond was issued, the annual market rate of interest was 5 percent. Houston uses the effective-interest amortization method. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided. Round your final answers to whole dollars.) Required: 1. Complete a bond amortization schedule for all three years of the bond's life. (Enter all values as positive values.)
Answer:
Houston Company
The Bonds Amortization Schedule
Period PV PMT Interest FV
1 $18,490.18 $1,080.00 $924.51 $18,334.69
2 $18,334.69 $1,080.00 $916.73 $18,171.43
3 $18,171.43 $1,080.00 $908.57 $18,000.00
Explanation:
a) Data and Calculations:
Face value of bond = $18,000
Coupon rate = 6%
Annual coupon payment = $1,080 ($18,000 * 6%)
From an online financial calculator, the PV of the bond = $18,490.18:
N (# of periods) 3
I/Y (Interest per year) 5
PMT (Periodic Payment) = $1,080
FV (Future Value) = $18,000
Results
PV = $18,490.18
Sum of all periodic payments = $3,240.00
Total Interest = $2,749.82
All of the following are unacceptable ways to sit during an interview except.
A. with your legs stretched out in front of you.
B. with your legs crossed at the ankles.
C. sitting cross-legged.
D. with your legs crossed at the thigh.
Answer:
With your legs crossed at the ankles
Explanation:
B
TB MC Qu. 20-94 Masterson Companys budgeted... Masterson Company's budgeted production calls for 67,000 units in April and 63,000 units in May of a key raw material that costs $1.65 per unit. Each month's ending raw materials inventory should equal 20% of the following month's budgeted materials. The April 1 inventory for this material is 13,400 units. What is the budgeted materials purchases for April
Answer:
Total Purchases(in $) 109,230
Explanation:
The computation of the budgeted material purchase is shown below;
Budgeted Production (in units) 67,000
Add:-Desired Ending Inventory (20% of 63,000) (in units) 12,600
Total needed (in units) 79,600
Less:-Opening Inventory (in units) 13,400
Total Purchases (in units) 66,200
Price per unit(in $) 1.65
Total Purchases(in $) 109,230
Hence, the same would be relevant
Consider a bond selling at par with modified duration of 12 years and convexity of 265. A 1% decrease in yleld would cause the price to Increase by 12%, according to the duration rule. What would be the percentage price change according to the duration- with-convexity rule?
a. 21.2%
b. 13.3%
c. 25.4%
d. 17.0%
Answer:
b. 13.3%
Explanation:
Calculation to determine What would be the percentage price change according to the duration- with-convexity rule
Using this formula formula
∆P/P = -D*∆y + (1/2) * Convexity * (∆y)^2
Let plug in the formula
∆P/P = -12 * -.01 + (1/2) * 265 * (.01)^2
∆P/P = .12 + .01325
∆P/P = .13325*100
∆P/P=13.3%
Therefore What would be the percentage price change according to the duration- with-convexity rule is 13.3%
ADR purchases wood screws from a local representative. The local rep visits the shop once every 3 weeks (21 days). When he arrives he counts the number of boxes of wood screws in inventory and works with the inventory manager to place an order that day. The screws are shipped from a local distribution center. The average daily demand, lead time, safety stock, and on hand inventory are provided below. How many boxes of screws should ADR order
Answer: Attached below is the missing data related to your question
answer : 66 boxes
Explanation:
Determine the number of boxes of screws that ADR should order
we can determine the number of boxes by applying the relationship below
Q ( quantity of boxes ) = d ( T + L ) + SS - I ------ ( 1 )
where: d = 2 ( average daily demand )
T = 21 ( frequency of visit by local rep )
L = 4 ( lead time )
SS = 20 , I = 4
back to equation 1
Q = 2 ( 21 + 4 ) + 20 - 4
= 2 ( 25 ) + 16
= 50 + 16 = 66 boxes
What is the primary objective of most businesses
Repurchase by the company of its own common stock $ 41,000 Sale of long-term investment $ 60,000 Interest paid to lenders $ 15,500 Dividends paid to the company's shareholders $ 70,000 Collection by McCorey of a loan made to another company $ 46,000 Payment of taxes to governmental bodies $ 25,500 On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities. Based solely on the information above, the net cash provided by (used in) investing activities on the statement of cash flows would be
Answer:
The net cash provided by investing activities on the statement of cash flows will be $106,000
Explanation:
Investing activities include all the cash transactions incurred for the fixed asset of the company.
The net cash provided by (used in) investing activities can be calculated as follows
Net cash provided by (used in) investing activities = Sale of long-term investment + Collection by McCorey of a loan made to another company
Where
Sale of long-term investment = $60,000 ( Cash inflow )
Collection by McCorey of a loan made to another company = $46,000 ( Cash Inflow )
Placing values in the fomrula
Net cash provided by investing activities = $60,000 + $46,000 = $106,000
In a project schedule, which types of dependencies are most common?
Answer:
Finish to Start, finish to finish.
Explanation:
George was in an automobile accident. According to the police report, he was responsible for causing the wreck. The accident was large enough to close down the interstate for an hour. The three people in the other car were rushed to the hospital. The costs associated with the rescue and medical care were $18,000 for each person. Based on the facts of the case, which of the following statements is true?
I. George can expect his PAP premiums to increase in the future.
II. George will be personally liable for any excess damages not covered by insurance.
III. George’s future liability will be exempt if he can prove that he was covered at the state insurance minimum level.
a. I and III only.
b. I and II only.
c. III only.
d. I only.
Answer:
c. III only.
Explanation:
George is responsible for the damages caused but it is also out of control from the George since he does not willingly does the accident. His liability turn out to be $18,000 for the medical care that the victims of the accident incurred. He can exempt his future liability if he can prove that he was covered at state insurance.
Using the following information about the family’s assets and liabilities, calculate the debt ratio: Checking account: $3,000 Savings account: $13,000 Credit card balance: $5,500 Utility bill: $500 Home: $320,000 Mortgage (30 years): $210,000 Car: $25,000 Car loan (60 months): $18,000 Student loan (7 years): $25,000 Household items: $15,000 Retirement account: $64,000 Other assets: $39,000
Based on the various assets and liabilities that the family has, the debt ratio can be calculated to be 54.1%.
How is the debt ratio calculated?The debt ratio can be calculated as:
= Total debt / Total assets
Total debts
= Credit card balance + Utility bill(Car loan (60 months) + Student loan (7 years)
Total assets
= Checking account + Savings account + Home + Car + Household items + Retirement account + Other assets
= (5,500 + 210,000 + 180,000+ 25,000) / (3,000 + 13,000 + 320,000 + 25,000 + 15,000 + 64,000 + 39,000)
= 258,500 / 479,000
= 54.1%
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Assume that a gourmet food manufacturer has considered renting a booth at a local mall to sell gift boxes of candy, nuts, and cookies during the holiday season. The fixed costs to rent and operate the booth would be $27,900. The unit contribution margins and sales mix anticipated by the company are as follows: Unit Contribution Margin Sales Mix Candy $1.50 50% Nuts $2.00 30% Cookies $1.00 20% What would be the weighted average contribution margin
To continue to receive federal student aid while attending college, students
academic progress.
must show
O A. selective
B. completed
C. satisfactory
OD. exceptional
The answer is C. satisfactory.
To continue to receive federal student aid while attending college, students must show satisfactory academic progress. This means that they must maintain a certain grade point average (GPA) and complete a certain percentage of the classes they attempt. These requirements vary depending on the school and the type of federal student aid the student is receiving. In general, students must maintain a GPA of at least 2.0 (on a 4.0 scale) and complete at least 67% of their classes in order to remain eligible for federal student aid. If students fail to meet these requirements, they may be placed on academic probation or lose their financial aid altogether. It is important for students to make sure they are making satisfactory progress in order to continue receiving financial assistance while in school.
Hope This Helps You!
Answer:
C
Explanation:
Bentonville Inc. bases its marketing and administrative expense budget on budgeted unit sales. The sales budget shows 4,900 units are planned to be sold in December. The variable marketing and administrative expense is $4.80 per unit. The budgeted fixed marketing and administrative expense is $93,100 per month, which includes depreciation of $8,420 per month. The remainder of the fixed marketing and administrative expense represents current cash flows. The cash disbursements for marketing and administrative expenses on the December marketing and administrative expense budget should be:
Answer:
$108,200
Explanation:
Marketing and Administrative Budget
Budgeted unit sales 4,900
Variable marketing and administrative expense per unit *$4.80
Variable marketing and administrative expense $23,520
Fixed marketing and administrative expense $93,100
Total marketing and administrative expense $116,620
Less: Depreciation $8,420
Cash disbursements for marketing $108,200
and administrative expenses
In preparing its August 31, 2020 bank reconciliation, Vaughn Manufacturing has available the following information:
Balance per bank statement, 8/31/20 $25750
Deposit in transit, 8/31/20 3480
Return of customer's check for insufficient funds, 8/30/20 600
Outstanding checks, 8/31/20 2760
Bank service charges for August 100
At August 31, 2020, Vaughn's correct cash balance is :_________
a. $25030.
b. $25770.
c. $26470.
d. $25870.
Answer:
c. $26470
Explanation:
Calculation to determine what Vaughn's correct cash balance is
Using this formula.
Correct cash balance =Balance per bank statement + Deposit in transit - Outstanding checks
Let plug in the formula
Correct cash balance= $25750 + 3480 - 2760
Correct cash balance=$26470
Therefore At August 31, 2020, Vaughn's correct cash balance is:$26470
a. How can increases in government spending crowd out investment spending? An increase in government spending increases the use of automatic stabilizers, which reduces private investment spending. causes firms to worry about inflation, which reduces private investment spending. increases the real interest rate, which reduces private investment spending. lowers the real interest rate, which reduces private investment spending. b. Is crowding out a major concern when actual output is below potential output? Why? Crowding out is a major concern, because the goal is always to increase investment spending. is not a major concern, because the Fed will likely lower the real interest rate when actual output is far below potential. is a major concern, because the crowding out effect will outweigh the increase in government spending. is not a major concern, because the Fed will likely raise the real interest rate when actual output is above potential output.
Answer:
a. increases the real interest rate, which reduces private investment spending.
b. is not a major concern, because the Fed will likely lower the real interest rate when actual output is far below potential.
Explanation:
Increase in government spending means that the government would probably have to borrow money from the credit market. Because the government is so large, it will borrow in large amounts which would force rates to rise. At these higher rates, the private sector might find it too expensive to borrow money and so would be crowed out such that they reduce their investment spending.
When the economy is facing an output that is lower than potential, the Fed will engage in monetary policy aimed at reducing interest rates to improve investment spending. This therefore negates the effect of crowing out which means that it would no longer be a major concern.
In late 2018, malnutrition was widespread in Venezuela. Writing in an opinion column in the New York Times, Javier Corrales argued, "The government is making the crisis worse by...imposing more price controls." Source: Javier Corrales, "The Venezuelan Crisis Is Part of Maduro's Plan," New York Times, September 25, 2018. Shouldn't price controls help reduce malnutrition by lowering the price of food so more people can afford it? A. No. Price controls are intended exclusively to help support farmers to ensure that they are receiving a high enough price for their products to be able to keep supplying food. B. No. Imposing a price control below the equilibrium price in a market causes the quantity of the good available to consumers to fall because sellers will supply a smaller quantity, thereby causing some consumers to go without food that they would have been able to buy in the absence of the price control. C. Yes. Price controls, by definition, will always help reduce malnutrition by lowering the price of food so more people can afford it. D. No. Imposing a price control above the equilibrium price in a market causes the quantity of the good available to consumers to fall because sellers will supply a smaller quantity, thereby causing some consumers to go without food that they would have been able to buy in the absence of the price control.
Answer: B. No. Imposing a price control below the equilibrium price in a market causes the quantity of the good available to consumers to fall because sellers will supply a smaller quantity, thereby causing some consumers to go without food that they would have been able to buy in the absence of the price control.
Explanation:
If price controls are introduced below the equilibrium price in the market, farmers or sellers will supply less to the market because they will not be incentivized to produce more seeing as they are not making what they should be making.
This, coupled with increased demand on account of food being cheaper, will lead to shortages which would mean that those that could have been able to afford the food at the equilibrium price would not be able to access food leading to even worse food shortages.
Rodriguez Company completed its income statement and comparative balance sheet for the current year and provided the following information:
Income Statement for Current Year Service revenue $ 52,500
Expenses Salaries $ 42,000
Depreciation 8,100
Amortization of copyrights 270
Other expenses 10,000 60,370
Net loss $ (7,870)
Partial Balance Sheet
Current Year Prior Year Accounts receivable $ 8,800 $ 15,200
Salaries payable 13,000 1,300
Other accrued liabilities 3,000 6,300
In addition, Rodriguez bought a small service machine for $5,900.
Required: 1. Present the operating activities section of the statement of cash flows for Rodriguez Company using the indirect method. (List loss amount and cash outflows as negative amounts.)
Answer: Please find answers in explanation column
Explanation:
Rodriguez Company
Statement of Cash flow(Partial)
Cash flows from operating activities Amount
Net Loss $(7,870)
Add: Depreciation $ 8,100
Add: Increase in Salaries Payable $11,700 ($13,000 − $1,300)
Add: Decrease in Accounts receivable $6,400 ($15,200 − $8,800)
Add: Amortization of Copy Rights $270
Less: Decrease in Other accrued $(3,300) ($3,000− $6,300)
liabilities
Net Cash provided by Operating $15,300
Activities
The act of attempting to acquire information such as user names passwords and credit card details by acting as a trustworthy entity in an electric communication is called
Phishing is the practice of pretending to be a reliable entity in an electronic conversation in order to get sensitive data such as usernames, passwords, credit card information, and occasionally even money (indirectly).
What happens when someone pretends to be a reliable internet source in order to try and get information like usernames or passwords?Phishing is the fraudulent act of pretending to be a reliable entity in an electronic contact in order to get sensitive information like usernames, passwords, and credit card numbers.
Is it an attempt to get sensitive information such credit card numbers, usernames, and passwords?Phishing is the practice of pretending to be a reliable entity in an electronic communication in order to get sensitive data, such as usernames, passwords, and credit card numbers.
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Brewsky's is a chain of micro-breweries. Managers are interested in the costs of the stores and believe that the costs can be explained in large part by the number of customers patronizing the stores. Monthly data regarding customer visits and costs for the preceding year for one of the stores have been entered into the regression analysis and the analysis is as follows:
In a regression equation expressed as y = a + bx, how is the letter y best described?
a) An estimate of the total customers for the month.
b) The observed store cost for a given month
c) The estimate of the number of new customer visits for the month.
d) The proximity of the data points to the regression line.
Answer:
b) The observed store cost for a given month
Explanation:
As we know that
The regression equation should be expressed in
y = a + bx
So here the y denotes the cost of the observed store for the given month
That means it shows the total cost
So according to the given situation, the option b is correct
And, the same would be considered and relevant
Moreover, all other options would be incorrect
Wacky Wendy produces gourmet cheese in Wisconsin. Wendy has sales as follows: Wacky Wendy's Sales: State Sales Iowa $ 350,512 Michigan $ 134,589 Minnesota $ 849,142 Wisconsin $ 1,323,032 Totals $ 2,657,275 Wendy is a Wisconsin corporation and has the following operations: Wendy has income tax nexus in Iowa, Minnesota, and Wisconsin. The Michigan sales are shipped from Wisconsin (a throwback state). $100,000 of the Wisconsin sales were to the federal government. What is Wendy's Wisconsin sale numerator
Answer: $1,457,621
Explanation:
Bassee on the information given in the question, Wendy's Wisconsin sales numerator will be calculated as the addition of the value of Wisconsin's sales and Michigan Sales and this will be:
= $1,323,032 + $134,589
= $1,457,621
Therefore, Wendy's Wisconsin sales numerator is $1,457,621.
Acellus Businesses management
Any more ? Like intro to accounting or mastering excel?
Saxon Manufacturing is considering purchasing two machines. Each machine costs $9,000 and will produce cash flows as follows. Saxon Manufacturing uses the net present value method to make the decision, and it requires a 15% annual return on its investments. The present value factors of 1 at 15% are: 1 year, 0.8696; 2 years, 0.7561; 3 years, 0.6575. Which machine should Saxon purchase
Here's link[tex]^{}[/tex] to the answer:
bit.[tex]^{}[/tex]ly/3gVQKw3
On December 31, 2019, Metlock Corporation signed a 5-year, non-cancelable lease for a machine. The terms of the lease called for Metlock to make annual payments of $8,482 at the beginning of each year of the lease, starting December 31, 2019. The machine has an estimated useful life of 6 years and a $5,000 unguaranteed residual value. The machine reverts back to the lessor at the end of the lease term. Metlock uses the straight-line method of depreciation for all of its plant assets. Metlockâs incremental borrowing rate is 5%, and the lessorâs implicit rate is unknown.
Required:
Compute the present value of the lease payments.
Answer:
$38,559
Explanation:
Computation of present value of lease payments
Using this formula
Present value of lease payments=annual payments*Present value of an annuity due of 1 for 5 periods at 5%
Let plug in the formula
Present value of lease payments=$8,482 × 4.54595
Present value of lease payments= $38,559
Therefore the present value of lease payments is $38,559
g Assume you just purchased 100 shares of Apple stocks at $300. You are worrying that the competition from other tablet PC and smart phone producers will have a negative impact on Apple stock prices in 1 month. Generally speaking, you are still quite bullish on Apple stock. In order to hedge against this downside risk, you establish a protective put position by buying a put option contract with around 1-month maturity on Apple stock. However, the premium of the put option with strike price at $300 is $12, which is quite expensive. If you feel purchasing the put option with strike price at $300 and $12 premium is too expensive, what else can we do to reduce the cost of protective put position
Answer:
Buy at a lower strike put option or sell at a higher call option
Explanation:
100 shares of apple stock bought at $300
premium of put option ( cost ) = $12
Put option = $300
What can be done to reduce the cost of protective put position
To reduce the cost we can either buy at a lower strike put option or sell at a higher call option
Buying at a lower strike put option price ( < $300 )
This way premium will be reduced but this will not hedge against small fall in price
Sell at a higher call option
This way the premium charged will be reduced but if the price rises above the entry price on expiration then the gains made above the price will be foregone .
Read the following short scenario. Then select the response that best describes your views.
ABC Insurance Company served the inner-city area of a large western city with homeowners insurance. Recently, because of civil unrest, payment of claims exceeded estimates and the company found itself in the position of having to substantially reduce the dividend payment to its shareholders. The research department suggested the company cancel all policies in the inner city area and begin writing policies in the more affluent subdivisions of the city.
1. No ethical concern
2. Minor ethical concern
3. Moderate ethical concern
4. Important ethical concern
5. \Extremely important ethical concern
Answer:
4.
Explanation:
The response that best describes the views is, Important ethical concern. The suggestion to cancel all policies in the inner city area and shift focus to more affluent areas raises an important ethical concern, that could be considered redlining.
Hence, the correct option is 4.
The scenario raises an important ethical concern. The suggestion to cancel all policies in the inner city area and shift focus to more affluent subdivisions of the city indicates a potential discriminatory practice. By selectively serving only the more affluent areas and abandoning the inner-city area, the company would be engaging in redlining, which is the unfair practice of denying or limiting services based on geographical location or socioeconomic factors.
This action perpetuates social and economic disparities, further marginalizing an already disadvantaged community. Such a decision based on financial considerations without considering the impact on the affected community raises significant ethical concerns.
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A new strip mall is being considered and the developers want to determine how many parking spaces there should be. It is assumed that if the lot is full, an arriving car will leave. Cars arrive at a rate of 15/hour. The average time a customer spends shopping is 30 minutes. Assume the interarrival times and the shopping times are exponentially distributed. Assume the average shopper purchases $150 worth of merchandise and also assume the mall is open 12 hours/day, 350 days/year.
a) If there are 10 spaces, determine the throughput rate of cars departing after completing shopping, the expected number of cars in the parking lot and the rate of lost revenue due to cars leaving because they could not find a space to park.
b) Assume the cost to create a parking spot is $2500. Assuming a 5 year horizon and an internal interest rate of 15%, how many spots should be built to minimize the combined construction and lost revenue costs?
Answer:
The responses to the given question can be defined as follows:
Explanation:
For point a:
Car arrival time[tex]= \frac{15}{hour}[/tex]
Each car arrives at an interval of time of [tex]\frac{60}{15} = 4\ minutes[/tex]
process time [tex]=0.5 \ hour[/tex]
The number of vehicles moving in an hour equals 2 per hour.
As [tex]\frac{15}{2}[/tex] is greater than 1. The device will not work, resulting in such a revenue loss.
Within 44 minutes, a parking lot would be completely full, with only 1 person being serviced, and then the next empty slot would be completed 64 minutes later.
The system's production capacity is 8.5 per hour [a person entering at 0 will exit at 30]. The person that comes in at 4 will leave at 34. Roughly 50 customers would be supported for an hour.
For point b:
The number of customers would be [tex]= 8.5 \times 12 = 102[/tex] for a 12-hour time frame.
Total cost=[tex]12\times 150 = \$1800[/tex]
The total number of customers to be served at an expense of [tex]2500= \frac{2500}{150} = 18[/tex] customers.
Jamieson Enterprises has presented the following information for the past year of operations Month Units Total Cost January 2,800 $ 9,200 February 3,500 $ 11,300 March 1,900 $ 6,500 April 2,700 $ 8,900 May 4,500 $ 14,300 June 5,300 $ 16,700 July 7,200 $ 22,400 August 5,100 $ 16,100 September 4,700 $ 14,900 October 3,900 $ 12,500 November 3,400 $ 11,000 December 2,400 $ 8,000 a. Using the high-low method, calculate the fixed cost per month and variable cost per unit. b. What would total costs be for a month with 8,200 units produced?
Answer:
a.
VC/unit = $3 per unit
Fixed Cost = $800
b.
Total Cost = $25400
Explanation:
a.
The high-low method is used to separate the components of a mixed cost and it calculates the variable cost component in a mixed cost. The formula to calculate the variable cost per unit under the high-low method is as follows,
VC/unit = [Highest Activity cost - Lowest Activity Cost] / [Highest Activity units - Lowest Activity units]
VC/unit = [22400 - 6500] / [7200 - 1900]
VC/unit = $3 per unit
Using figures from March, The total fixed costs will be,
Fixed cost = 6500 - [3 * 1900]
Fixed Cost = $800
b.
Total cost in a month with 8200 units will be,
Total Cost = Total Fixed cost + Total variable costs
Total Cost = 800 + (3 * 8200)
Total Cost = $25400
The journal entry to write-off a significant underapplied overhead balance at the end of an accounting period is:
A. Applied Manufacturing Overhead xxx
Cost of Goods Sold xxx
Manufacturing Overhead Control xxx
B. Applied Manufacturing Overhead xxx
Cost of Goods Sold xxx
Manufacturing Overhead Control xxx
C. Applied Manufacturing Overhead xxx
Work-In-Process Inventory xxx
Finished Goods Inventory xxx
Cost of Goods Sold xxx
Manufacturing Overhead Control xxx
D. Applied Manufacturing Overhead xxx
Work-In-Process Inventory xxx
Finished Goods Inventory xxx
Cost of Goods Sold xxx
Manufacturing Overhead Control xxx
Option A
Option B
Option C
Option D
Answer:
Option C
Explanation:
The journal entry to write-off underapplied overhead is shown below:
Applied Manufacturing Overhead xxx
To Work-In-Process Inventory xxx
To Finished Goods Inventory xxx
To Cost of Goods Sold xxx
To Manufacturing Overhead Control xxx
(Being the underapplied overhead written off is recorded)
The work in process inventory, finished goods inventory, and the cost of goods sold would be written off based on the overhead applied.
Which career is best described by someone who organizes and tracks merchandise during storage and display?
O Wholesale Buyer
Marking Clerk
Purchasing Agent
Stock Clerk
Answer:
stock clerk
Explanation:
Answer:
D Stock Clerck :))))
Different cultures have different ways of greeting each other in the business world.
Is this statement true or false?
A. true
B. false
Answer:
this statement is true.............