Answer:
I guess that you need the journal entries:
1. Acquired $25,000 from the issue of common stock.
Dr Cash 25,000
Cr Common stock 25,000
2. Purchased $2,500 of supplies on account from the Gadget Supply Agency.
Dr Supplies 2,500
Cr Accounts payable 2,500
3. Performed security services at local sporting events during the year for $8,000 cash.
Dr Cash 8,000
Cr Service revenue 8,000
4. Paid salaries expense of $3,000 for the year.
Dr Salaries expense 3,000
Cr Cash 3,000
5. Purchased land, paying $10,000 cash.
Dr Land 10,000
Cr Cash 10,000
6. Paid utility expenses of $2,000 for the year.
Dr Utilities expense 2,000
Cr Cash 2,000
7. Paid a cash dividend of $1,500 to the shareholders.
Dr Dividends 1,500
Cr Cash 1,500
8. Found out from an appraiser that the market value of the land on 12/31 was $12,500.
NO JOURNAL ENTRY
A special project is going to be started by Hally Corporation. Company is considering using stocks of an old raw material in a special project. The special project would require all 230 kilograms of the raw material that are in stock and that originally cost the company $900 in total. If the company were to buy new supplies of this raw material on the open market, it would cost $8.25 per kilogram. However, the company has no other use for this raw material and would sell it at the discounted price of $7.50 per kilogram if it were not used in the special project. The sale of the raw material would involve delivery to the purchaser at a total cost of $50 for all 230 kilograms. What is the relevant cost of the 230 kilograms of the raw material when deciding whether to proceed with the special project?
Answer:
What were wealthy merchants known as in India?What were wealthy merchants known as in India?
What were wealthy merchants known as in India?
Explanation:
What were wealthy merchants known as in India?I miss you so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so so much
Answer:
Explanation:
A special project is going to be started by Hally Corporation. Company is considering using stocks of an old raw material in a special project. The special project would require all 230 kilograms of the raw material that are in stock and that originally cost the company $900 in total. If the company were to buy new supplies of this raw material on the open market, it would cost $8.25 per kilogram. However, the company has no other use for this raw material and would sell it at the discounted price of $7.50 per kilogram if it were not used in the special project. The sale of the raw material would involve delivery to the purchaser at a total cost of $50 for all 230 kilograms. What is the relevant cost of the 230 kilograms of the raw material when deciding whether to proceed with the special project?
Assuming two investments have equal lives, a high discount rate tends to favor Group of answer choices the investment with even cash flow neither investment since they have equal lives the investment with large cash flow early the investment with large cash flow late
Answer:
the investment with large cash flow early
Explanation:
This can be illustrated with an example.
There are 2 investments A and B
The cash flows of A =
Cash flow in year 1 = $50,000
Cash flow in year 2 = 0
Cash flow in year 3 = 0
The cash flows of B =
Cash flow in year 1 = 0
Cash flow in year 2 = 0
Cash flow in year 3 = 50,000
Discount rate for both investment is 40%
Present value of A = $35,714.29
Pesent value for B = $18,221.57
It can be seen that the investment with the higher cash flow early has a higher present value
Logan purchased a rental home and lot for $150,000. Her expenses totaled $5,000. Lots in the area sell for approximately $10,000. What is Logan's basis for depreciation in the house
Answer:
The correct response is "145,000 ".
Explanation:
The given values are:
Purchased cost,
= $150,000
Expenses,
= $5,000
Selling cost,
= $10,000
Now,
Logan's basis for depreciation will be:
= [tex]Purchased \ cost+Expenses-Selling \ cost[/tex]
On putting the values, we get
= [tex]150000+5000-10000[/tex]
= [tex]155000-10000[/tex]
= [tex]145,000[/tex] ($)
Jerry owns a manufacturing business. He keeps a large amount of inventory and cash in his warehouse. He plans to have a good internal control since he fears that some of his employees may steal the business’s resources. Which type of risk does Jerry face in this scenario?
A.
economic risk
B.
human risk
C.
natural risk
D.
uncontrollable risk
The type of risk does Jerry face in this scenario is economic risk as keeps a large amount of inventory and cash in his warehouse.
What is economic risk?The possibility that changes in macroeconomic conditions would hurt a business or investment is known as economic risk.
Profits or losses could be affected by political unrest or fluctuating exchange rates, for example. Cyber-attacks, Energy price shock, Failure of national governance, Fiscal crises. are some types of economic risk.
Thus, option A is correct.
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The Vaughn Inc., a manufacturer of low-sugar, low-sodium, low-cholesterol TV dinners, would like to increase its market share in the Sunbelt. In order to do so, Vaughn has decided to locate a new factory in the Panama City area. Vaughn will either buy or lease a site depending upon which is more advantageous. The site location committee has narrowed down the available sites to the following three very similar buildings that will meet their needs.
Building A: Purchase for a cash price of $615,000, useful life 28 years.
Building B: Lease for 28 years with annual lease payments of $71,570 being made at the beginning of the year.
Building C: Purchase for $659,900 cash. This building is larger than needed; however, the excess space can be sublet for 28 years at a net annual rental of $6,870. Rental payments will be received at the end of each year. The Vaughn Inc. has no aversion to being a landlord.
Required:
In which building would you recommend that Brubaker Inc. locate, assuming a 12% cost of funds?
Answer:
The new factory should be located in building C.
Explanation:
This can be determined by comparing the present values of the cost of the three buildings and select the one with the lowest.
Building A: Purchase for a cash price of $615,000, useful life 28 years.
Present value of cost of building A = Cost of building A = $615,000
Building B: Lease for 28 years with annual lease payments of $71,570 being made at the beginning of the year.
Since the payments are to be made are the beginning of the year, the present value of the cost of the building can be calculated using the formula for calculating the present value (PV) of annuity due given as follows:
PV of B = P * ((1 - (1 / (1 + r))^n) / r) * (1 + r) .................................. (1)
Where ;
PV of B = Present value of the cost of building B = ?
P = Annual lease payments = $71,570
r = interest rate or cost of funds = 12%, or 0.12
n = number of years = 28
Substituting the values into equation (1) above, we have:
PV of B = $71,570 * ((1 - (1 / (1 + 0.12))^28) / 0.12) * (1 + 0.12)
PV of B = $640,018.55
Present value of the cost of building B = $640,018.55
Building C: Purchase for $659,900 cash. This building is larger than needed; however, the excess space can be sublet for 28 years at a net annual rental of $6,870. Rental payments will be received at the end of each year. The Vaughn Inc. has no aversion to being a landlord.
Cost of building C =$659,900
Since the annual rental from the sublet will be received at the end of each, the present value of the sublet can be calculated using the formula for calculating the present value of an ordinary annuity as follows:
PV of sublet = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (2)
Where;
PV of sublet = Present value of the annual rental from the sublet = ?
P = Annuity rental from the sublet = $6,870
r = interest rate or cost of funds = 12%, or 0.12
n = number of years = 28
Substituting the values into equation (2) above, we have:
PV of sublet = $6,870 * ((1 - (1 / (1 + 0.12))^28) / 0.12)
PV of sublet = $54,852.98
Present value of the cost of building C = Cost of building C - PV of sublet = $659,900 - $54,852.98 = $605,047.02
Conclusion
From the calculations above, we have the following:
Present value of cost of building A = $615,000
Present value of the cost of building B = $640,018.55
Present value of the cost of building C = $605,047.02
Since $605,047.02 which is the present value of the cost of building C is the lowest, the new factory should be located in building C.
Marine City Company sells bags of coffee. Each bag includes one coupon; five coupons (plus $3.00) are redeemable for a personalized coffee mug. In 2023, Marine City purchased 9,000 mugs at $4.20 each and sold 60,000 bags of coffee that year at $6.00 per bag. Marine City estimated that 50% of the coupons would be redeemed. Actual coupons redeemed were 8,000 in 2023 and 13,000 in 2024. The estimated liability for outstanding premiums on the 12/31/23 balance sheet is:
Answer:
$5,280
Explanation:
Coupon expected to be redeemed = 60000 bags * 0.50 = 30,000
Number of coffee mugs to be obtained against coupons = 30,000 / 5 = 6,000
Bags actually redeemed against coupons = 8000/5 = 1,600
Cash cost to the company = Cost of mug - Cash to be paid
Cash cost to the company = $4.20 - $3.00
Cash cost to the company = $1.20
Estimated liability = (6,000 - 1,600) * $1.20
Estimated liability = 4,400 * $1.20
Estimated liability = $5,280
So, the estimated liability for outstanding premiums on the 12/31/23 balance sheet is $5,280
Juanita makes $30 an hour at work. She has to take time off work to purchase her dress, so each hour away from work costs her $30 in lost income. Assume that returning to work takes Juanita the same amount of time as getting to a store and that it takes her 30 minutes to shop. As you answer the following questions, ignore the cost of gasoline and depreciation of her car when traveling.
Assume that it takes 15 minutes to travel to the local department store, 30 minutes to travel to the store across town, and 60 minutes to travel to the store in the neighboring city. Complete the following table by computing the opportunity cost of Juanita's time and the total cost of shopping at each location.
Store Opportunity Cost of Time (Dollars) Price of a Suit (Dollars per suit) Total Cost (Dollars)
Local Department Store ___________________ 114 _________
Across Town ___________________ 86 _________
Neighboring City ____________________ 60 _________
Assume that Juanita takes opportunity costs and the price of the suit into consideration when she shops. Juanita will minimize the cost of the suit of she buys it from the _____
Answer:
Juanita should purchase the suit at the store across town because the total economic cost will be lowest.
Explanation:
three options:
local store 15 minutes away and a price of $114 across town 30 minutes away and a price of $86 neighboring city 1 hour away and a price of $60Juanita makes $30 per hour at her work, and her purchase decision includes the opportunity cost of lost wages:
total economic cost:
local store = $114 + [1/4 hours x 2 (round trip) x $30] + (1/2 hours x $30 spent shopping) = $144 across town = $86 + [1/2 hours x 2 (round trip) x $30] + (1/2 hours x $30 spent shopping) = $131 neighboring city = $60 + [1 hour x 2 (round trip) x $30] + (1/2 hours x $30 spent shopping) = $135Juanita should purchase the skirt at the store across town because the total economic cost will be lowest ($131)
Opportunity costs are the benefits lost or extra costs incurred for choosing one activity or investment over another alternative. Economic costs include both accounting costs and opportunity costs.
Fuchsia provided services to 1,600 clients in the month of March and generated $23,500 as revenue. How much is the cost per service? (Round your answer to the nearest cent.)
Answer:
$10.72
Explanation:
Calculation for How much is the cost per service
First step is to calculate the Total costs
Building Rent Expense $5,200
DepreciationExpense—Equipment 1,600
Supplies Expense 8,000
Utilities Expense 2,350
Total costs $17,150
Now let calculate the Cost per service using this formula
Cost per service = Total costs / Services
Let plug in the formula
Cost per service = $17,150 / 1,600
Cost per service = $10.72
Therefore the cost per service is $10.72
The United Nations Development Pro- gramme (UNDP) uses the Human Development Index (HDI) in an attempt to summarize in one number the progress in health, education, and economics of a coun- try. The number of cell phone subscribers per 1000 people is positively associated with economic progress in a coun- try. Can the number of cell phone subscribers be used to predict the HDI
Answer:
I'm not sure that the number of cell phones users per 1,000 people can be a good economic indicator. E.g. there are currently more than 1.6 billion cell phone users in China, which means that some people obviously use more than 1 cell phone (Chinese population is around 1.4 billion people). But China's HDI is 0.752 (2017) and that places China at the number 85 spot, which is really not a good place.
While other countries like Norway have less than 5 million cell phone users with a population of more than 5.35 million people. But Norway is ranked as the number 1 country in HDI.
If a firm raised its price and discovered that its total revenue fell, then the demand for its product is Group of answer choices perfectly elastic. perfectly inelastic. relatively elastic. relatively inelastic.
Answer: relatively elastic.
Explanation:
Elasticity is the measure of the responsiveness that a product's quantity demanded has to a change in its price. In other words, if the quantity demanded changes as a result of a change in price, the good is elastic.
In this scenario, the total revenue fell when they increased price. This means that people bought less of the firm's goods which means therefore that the good is relatively elastic because the quantity demanded was affected by a change in price.
If the government and Central Bank don't use economic policy, what could happen?
A. Prices could skyrocket, making goods more difficult to buy.
B. Unemployment could rapidly rise, making it harder to find a
job.
C. GDP could rapidly fall, creating a recession in the economy.
D. All of the above
Answer: D. All of the above
Explanation:
Economic policies are the policies athat are out in place by the government in order to control economic activities.
These policies are used to reduce inflation, provide employment opportunities, increase standard of living, encourage economic growth etc.
If the government and Central Bank don't use economic policy, that s cs lead to inflation, increase in unemployment and fall in the GDP.
Therefore, the answer is option D
a+b+c=4
aa+bb+cc=10
aaa+bbb+ccc=22
aaaa+bbbb+cccc=???
Answer:
46
Explanation:
The pattern appear to be the answer multiplied by 2 and adding 2.
i.e., answer to the next raw id answer to the previous answer times 2 plus 2
second raw = (4 x 2) + 2= 10
Third raw = (10 x 2) + 2 = 22
Forth raw = (22 x 2) + 2= 46
Timing Technology, Inc. manufactures timing devices. During 20x1, 1,500,000 units were completed and transferred to finished-goods inventory. On December 31, 20x1, there were 320,000 units in work in process. These units were 49 percent complete as to conversion and 100 percent complete as to direct material. Finished-goods inventory consisted of 450,000 units. Materials are added to production at the beginning of the manufacturing process, and overhead is applied to each product at the rate of 100 percent of direct-labor costs. There was no finished-goods inventory on January 1, 20x1. A review of the inventory cost records disclosed the following information:
Units Materials Labor
Work in process, January 1, 20x1 310,000 $310,000 $315,400
(84% complete as to conversion)
Units started in production 1,510,000
Direct-material costs $2,966,000
Direct-labor costs $2,998,200
Required:
Complete the following schedule as of December 31, 20x1, to compute the cost of work-in-process inventory.
Physical Units
Total units to account for 0
Total units to account for 0
Answer:
The cost of work-in-process inventory as of December 31, 20x1 is:
= $368,998.40
Physical units:
For materials = 320,000 units
For conversion = 156,800 units
Explanation:
a) Data and Calculations:
Units Materials Labor
Work in process, January 1, 20x1 310,000 $310,000 $315,400
(84% complete as to conversion)
Units started in production 1,510,000 1,510,000 1,510,000
Direct-material costs $2,966,000
Direct-labor costs $2,998,200
Total costs $3,276,000 $3,313,600
Units started in production 1,510,000 1,510,000 1,510,000
Work in process, December 31, 20x1 320,000 320,000 156,800
Total equivalent units 1,830,000 1,666,800
Costs per equivalent unit $1.79 $1.988
Cost of Ending WIP = $ (320,000 *$1.79 + 156,800*$1.988)
= $57,280 for materials + $311,718.40 for materials
= $368,998.40
b) The weighted average method was used to calculate the equivalent units. With this method, the beginning units of work-in-process are not part of the calculation (only the units started and completed and the ending work-in-process are). However, the costs of the beginning work-in-process form part of the calculation together with the cost of units started and completed during the current period.
Suppose that you reach 65 years old, and have $100,000 in an investment that pays a return of 5 percent per year. a) If you withdraw $10,000 at the end of each year for living expenses, how many years will it take before your investment is gone
Answer:
It will take approximately 14.21 years before the investment is gone.
Explanation:
This can be calculated using the formula for calculating the present value of an ordinary annuity as follows:
PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)
Where;
PV = Present value or investment value = $100,000
P = Annual withdrawal = $10,000
r = return rate = 5%, or 0.05
n = number of more years it will take before the investment is gone = ?
Substituting the values into equation (1) and solve for n, we have:
100,000 = 10,000 * ((1 - (1 / (1 + 0.05))^n) / 0.05)
100,000 / 10,000 = (1 - (1 / 1.05)^n) / 0.05
10 = (1 - (1 / 1.05)^n) / 0.05
10 * 0.05 = 1 - (1 / 1.05)^n
0.50 = 1 - (1 / 1.05)^n
(1 / 1.05)^n = 1 - 0.50
0.952380952380952^n = 0.50
Loglinearize both sides, we have:
n * log0.952380952380952 = log0.50
n = log0.50 / log0.952380952380952
n = -0.301029995663981 / -0.0211892990699382
n = 14.2066990828904
Approximating to 2 decimal places, we have:
n = 14.21
Therefore, it will take approximately 14.21 years before the investment is gone.
LinkedIn targets a specific demographic: working professionals. They tend to be older and better educated. Why might advertisers be more interested in this group over others
Answer: Buying power
Explanation:
As the question says, LinkedIn has working professionals which means that these are people with income sources that can enable them to purchase goods and services.
Advertisers would therefore target them so that they may get them to purchase the goods and services they are advertising because these working professionals have a better chance of patronising the advertisers than other groups of people who may not have the income requirements necessary to do so.
What would be the total expected cost to Big Rock Insurance over the years 60 through 64 (in dollars)
Answer: $4,262.50
Explanation:
The total expected cost would be the total expected values of the insurance given the probability that Jim might die.
= ∑expected value at 60,61, 62, 63, 64
= (0.01054 * 50,000) + (0.01447 * 50,000) + (0.01645 * 50,000) + (0.02068 * 50,000) + (0.02311 * 50,000)
= $4,262.50
Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were: What are the equivalent units for conversion costs for the month in the first processing department
Answer:
Equivalent units for conversion costs are 6,925 units
Explanation:
Note : I have attached the full question as an image below
Equivalent units are physical units expressed as a percentage of total work completed on them
Equivalent units for conversion costs
Units Completed and Transferred (6,100 × 100%) 6,100
Units in Closing Work in Process (1,100 × 75%) 825
Equivalent units for conversion costs 6,925
Equivalent units for material costs
Units Completed and Transferred (6,100 × 100%) 6,100
Units in Closing Work in Process (1,100 × 85%) 935
Equivalent units for material costs 7,035
Golden Eagle Company prepares monthly financial statements for its bank. The November 30 adjusted trial balance includes the following account information:
November 30
Debit Credit
Supplies $1,650
Prepaid Insurance 6,600
Salaries Payable $10,300
Deferred Revenue 2,300
The following information is known for the month of December: Purchases of supplies during December total $3,800. Supplies on hand at the end of December equal $3,150. No insurance payments are made in December. Insurance cost is $1,650 per month. November salaries payable of $10,300 were paid to employees in December. Additional salaries for December owed at the end of the year are $15,300. On November 1, a tenant paid Golden Eagle $3,450 in advance rent for the period November through January, and Deferred Revenue was credited for the entire amount.
Required:
Show the adjusting entries that were made for supplies, prepaid insurance, salaries payable, and deferred revenue on December 31.
Answer:
Date General Journal Debit Credit
Dec 31 Supplies expenses $2,300
(1,650+3,800-3150)
Supplies $2,300
(To record the supplies used during the period)
Dec 31 Insurance expenses $1,650
Prepaid expenses $1,650
(To record the insurance expired for December)
Dec 31 Salaries expenses $15,300
Salaries payable $15,300
(To record the unpaid salaries)
Dec 31 Deferred revenue $1,150
(3450/3 months)
Rent revenue $1,150
(To record the revenue earned during the period)
Journal entries are used in accounts for the purpose of recording financial transactions either economic or non-economic for the business.
Adjustment entries are used for making final income and expenditure recordings at the point of their occurrence.
The adjustment entry for the given dataSupplies expenses Dr $2,300
To supplies $2,300
The supplies are recorded during 31 December:
[tex]1,650+3,800-3150\\=2300[/tex]
Dec 31 Insurance expenses Dr. 1650
To Prepaid expenses 1650
Dec 31 Salaries expenses Dr. 15,300
To Salaries payable 15,300
Dec 31 Deferred revenue Dr. 1150
To Rent revenue 1150
Revenue earned during this period is calculated by:
[tex]\frac{3450}{3} \\=1150[/tex]
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johns parents passed away within six weeks of one another as the trustee, john is following the trust instructions and will sell the family home. john will be paid in accordance with the trust documents which of the following is correct
Answer:
John is working within the scope of his duties following trust instruction and does not need a license
Explanation:
After achieving a result, good managers invest time in reflecting on what went well and what could have gone better. They consider whether they were as effective as they could have been and whether they got the result in the most efficient way possible. Then they apply what they have learned to future projects.
Congratulations! You just graduated with a degree in management. As you reflect on your school experience, you make a list of the reasons you were so efficient with your studies. Which of the following statements relate specifically to your efficiency?
a. Last year, you reviewed the course schedule to ensure you knew when to enroll in certain electives that are offered only once per year.
b. When registration opened for each term, you immediately registered for the classes you needed, especially the ones that fill up quickly.
c. Throughout your time in school, you chose electives that would provide you with a well-rounded education, and not based on how easy you heard the classes were.
d. After each semester, you asked your adviser to review your progress to ensure you remained on track for your anticipated graduation date.
Answer: d. After each semester, you asked your adviser to review your progress to ensure you remained on track for your anticipated graduation date
Explanation:
Efficiency is measurable and has to do with the ability to achieve a goal or get a result that's desired and avoid wastage of efforts or resources.
With regards to the explanation above, the statement that relate specifically to your efficiency is asking the level adviser to review ones progress in order to show that one is on track.
This shows that the person wants to achieve the goal of graduation and is putting all of his efforts towards that.
XYZ, Inc. is a seller of the good. XYZ sells a unit of the good to a buyer and then pays the tax on that unit to the government. XYZ is left with how much money
Answer: $2
Explanation:
The Supply curve S1 represents the supply before tax. The equilibrium price at this point is therefore $3.
With taxes, the supply curve is S2 and the equilibrium price has now gone up to $5.
The amount that XYZ will be left with after paying the tax is:
= Price after tax - price before tax
= 5 - 3
= $2
The annual net sales for a huge soft drink company were 5.6 billion dollars in 2012 and sales were increasing at a continuous rate of 3.85% per year. Estimate, in billions of dollars, the annual net sales in 2016
Answer: 6.51 billion dollars
Explanation:
From the question, we are informed that the annual net sales for a huge soft drink company were 5.6 billion dollars in 2012 and that sales were increasing at a continuous rate of 3.85% per year.
The annual net sales in 2016 will be:
= 5.6 billion × (1 + 3.85%)^4
= 5.6 billion × (1 + 0.0385)^4
= 5.6 billion × (1.0385)^4
= 5.6 billion × 1.1631
= 6.51 billion dollars
Using the midpoint method, calculate the price elasticity of demand for Gondwanaland gosum berries. Explain what this price elasticity of demand means
Answer:
The data of the question is this:
YEAR Gosum Berries Price Per
Demand Barrel
107 700 $70
108 600 $84
Explanation:
The Mid-Point Formula to calculate the Price Elasticity of Demand is:
[ (Q2 - Q1) / (Q2 + Q1) / 2 ] this divided by [ (P2 - P1) / (P2 + P1) / 2 ]
where Q is demand, and P is price
Now, we plug the amounts into the formulas:
[ (600 - 700) / (600 + 700) / 2 ] = -0.038
[ (84 - 70) / (84 + 70) / 2 ] = 0.045
-0.038 / 0.045 = -0.844
Thus, the elasticity of demand for gosum berries, using the midpoint method, is -0.844, however, economists use absolute values for elasticities, so -0.844 becomes 0.844
An elasticity of demand of 0.844, which is less than one, indicates inelastic demand. This means that the quantity demanded for gosum berries falls less in proportion to raises in price.
In order worlds, the coefficient of elasticity of demand measures the price sensitivity of consumer demand for a particular good or service.
A year ago, Kim Altman purchased 160 shares of BLK, Inc. for $20.50 on margin. At that time the margin requirement was 40 percent. If the interest rate on borrowed funds was 12 percent and she sold the stock for $29.00, what is the percentage return on the funds she invested in the stock
Answer:
85.66%
Explanation:
Calculation for what is the percentage return on the funds she invested in the stock
First step is to calculate the Cost of the shares
Cost of the shares=160 × $20.50
Cost of the shares= $3,280
Second step is to calculate the Margin
Margin=$3,280 × 0.4
Margin= $1,312.00
Third step is to calculate the Funds borrowed
Funds borrowed= $3,280-$1,312.00
Funds borrowed= $1,968.00
Fourth Step is to calculate Interest paid
Interest paid=$1,968.00 × 0.12
Interest paid= $236.16
Fifth step is to calculate Profit on the stock
Profit on the stock=$4,640.00 - $3,280
Profit on the stock = $1,360
(160*29=$4,640.00)
Last step is to calculate the Return on the investment
Return on the investment:m= ($1,360.00 - $236.16)/$1,312.00
Return on the investment=$1,123.84/$1312.00
Return on the investment=85.66%
Therefore the percentage return on the funds she invested in the stock is 85.66%
what is computer ethics?
Answer:
Computer ethics is a part of practical philosophy concerned with how computing professionals should make decisions regarding professional and social conduct.
Hope you like the answer.
Answer:
Computer ethics is defined as the analysis of the nature and social impact of computer technology and the corresponding formulation and justification of policies for the ethical use of such technology. The typical problem with computer ethics is the policy vacuum that arises from the new capabilities of the technology.
Explanation:
Computer ethics essentially protect individuals online from predation: they prevent breach of privacy, identify theft, interference with work and unlawful use of proprietary software, among other events. Computer ethics govern the behavior of users online, and date back to 1992.
please mark me brainliest
A farmer grows wheat, which she sells to a miller for $70. The miller turns the wheat into flour, which she sells to a baker for $120. The baker turns
the wheat into bread, which she sells to consumers for $135.
What is the question? Please be specific.
Teel Distribution Co. has determined its December 31, 2007 inventory on a FIFO basis at $250,000. Information pertaining to that inventory follows:
Estimated selling price $255,000
Estimated cost of disposal/completion 10,000
Normal profit margin 30,000
Current replacement cost 225,000
Teel records losses that result from applying the lower-of-cost-or-market rule. At December 31, 2007, the loss that Teel should recognize is:__________.
a. $0.
b. $5,000.
c. $20,000.
d. $25,000.
Answer:
b. $5,000
Explanation:
Applying the lower-of-cost-or-market rule, Inventory are valued at the lower of the Cost or Market Value (Net Realizable Value).
where,
Cost of Inventory = $250,000
and
Net Realizable Value (NRV) = Estimated selling price- Estimated cost of disposal/completion
= ($255,000 - $10,000)
= $245,000
therefore,
Loss from write down of Inventory to Market Value = $5,000 ($250,000 - $245,000)
Strengths and weaknesses Group of answer choices should be kept confidential. are areas of high and low capability. relate to the external environment. are an outcome of strategic implementation. g
Answer:
are areas of high and low capability
Explanation:
Every company or organization has the strength and weakness. In the given situation the first option represents the strength and weakness. The strength could be in terms of big market share, strong attidtude of the employees, economies of scale
While on the other hand the weakness would be organization is lagging behind its competitor
So the first option is right
Identifying the Purpose of the Goal Seek Feature For which task is the Goal Seek feature most helpful? O selecting random values for the result of a formula O identifying calculations that are missing from a function O adjusting a formula to export its result to a separate worksheet O working backward to identify the input values for a specific result
Answer: O working backward to identify the input values for a specific result
Explanation: I got it right
Answer:
D
Explanation:
Which of the following is the most
correct?
Select one:
a. GNP at factor cost - Depreciation
=NNP at market price
b. All
c. GDP at market price +NFIA-NIT-
Depreciation =NNP at factor cost
d. NDP at market price +NFIA-NIT=NNP at factor cost
= All
Answer:
It should be GNP because all others seem invalid
Thanks for the points also :-)
