Answer:
John is working within the scope of his duties following trust instruction and does not need a license
Explanation:
The Blending Department of Luongo Company has the following cost and production data for the month of April.
Costs:
Work in process, April 1
Direct materials: 100% complete $111,000
Conversion costs: 20% complete 77,700
Cost of work in process, April 1 $188,700
Costs incurred during production in April
Direct materials $888,000
Conversion costs 405,150
Costs incurred in April $1,293,150
Units transferred out totaled 18,870. Ending work in process was 1,110 units that are 100% complete as to materials and 40% complete as to conversion costs.
Required:
Compute the equivalent units of production for (1) materials and (2) conversion costs for the month of April.
Answer:
(1) materials = 19,980 units , (2) conversion costs = 19,314 units
Explanation:
Equivalent units are physical units of output expressed as a percentage on work or inputs applied to them.
Here, I have calculated the equivalent units using the weighted average cost method.
Calculation of equivalent units of production for the month of April.
(1) materials
Ending Work in Process (100% x 1,110 units) = 1,110 units
Completed and transferred (100% x 18,870 units) = 18,870 units
Equivalent units of production for materials = 19,980 units
(2) conversion costs for the month of April.
Ending Work in Process (40% x 1,110 units) = 444 units
Completed and transferred (100% x 18,870 units) = 18,870 units
Equivalent units of production for conversion costs = 19,314 units
Which of the following statements best characterizes how digital Internet-based streaming is trending?
Digital Internet-based streaming services are becoming increasingly popular, but this trend is not expected to last.
Digital Internet-based streaming services have not caught on, and they are expected to eventually disappear entirely.
Digital Internet-based streaming services are not popular now, but they are expected to become popular in the near-future.
Digital Internet-based streaming services are becoming increasingly popular, and this trend is expected to continue.
Answer:
last choice
Explanation:
it is the last choice
if you carry over a balance in your credit card from one billing period to the next when will interest charged begin on a new purchase ?
A. One month after purchase date
B. One month after the previous month statement date
C. At the end of the prior month’s grace period
D. On the day of the purchase
Answer:
Think answer will be 'c'..
Select the correct answer.
Workers like authoritarian leaders best.
A True
B. False
Answer:
False
Explanation:
In autocratic leadership, the leader or manager does not allow the team members to contribute to the group's decisions. It is also known as authoritarian leadership. The leader issues command-like instructions that must be followed by everyone.
In general, workers do not like authoritarian leaders. Authoritarian leaders do not consider workers' opinions, nor do they value their inputs in decision making. Discouraging group inputs stifles creativity and innovation. Workers are always demoralized as they do not feel part of the team and its decisions.
Answer:
False!
Explanation:
I just took the test right now!
1. Since we have unlimited needs and wants but only limited resources, we face trade-offs with each decision. Explain how a rational individual would compare the marginal benefit to the marginal cost when making decisions.
Answer:
Marginal Benefit = Marginal Cost
Explanation:
Rational individual tends to maximise utility, or producers tend to maximise profit - which leads to their utility.
Marginal Benefit & Marginal Benefit are additional Benefit & cost respectively.
He / She should consume at equilibrium point, where Marginal Benefit (Marginal Utility) = Marginal Cost (P). Similarly, Producers produce at equilibrium where Marginal Benefit (Marginal Revenue) = Marginal Cost
When agent Tom meets with his sellers to explain his advertising plan, he should make sure the owners understand that:
Answer:
a) Advertising a similar property can and does create interest in their property.
Explanation:
These are options for the question
.a) Advertising a similar property can and does create interest in their property.b) He can’t afford to continue advertising if the ads he places fail to generate interest.c) There are only so many advertising dollars to go around.d) Most of the advertising budget is earmarked for low-priced homes.
In business, advertising create the necessary awareness about the product that is needed to sell, which can be done through magazine, bull board, radio, television and others , in the above scenario, as Tom meet with the seller he should make the owner to have the understanding that
Advertising a similar property can and does create interest in their property. But Incase the the advertisement doesn't bring interest, he can't continue to proceed with it
Which statement accurately describes a revolving line of credit? *
4 points
You can buy additional items as you need them without getting approval for each purchase
They do not charge interest
One common example is a car auto loan
You owe the same payment every month
Answer:B
Explanation:
One common example is a car auto loan is the statement accurately describes a revolving line of credit. Hence, option B is correct.
What is car auto loan?With an auto loan, a person can borrow money from a bank and use it to purchase a vehicle. The loan must be repaid with interest over a defined period of time in fixed instalments from them.
For secured loans like vehicle loans, collateral oftentimes consists of actual automobiles. Lenders offer it for two-wheelers, commercial vehicles, new and used cars, and automobiles.
The lender expects to receive monthly installment payments from the borrower for the amount lent, plus interest, on auto loans because they have a simple interest rate the cost of borrowing from the lender, shown as a percentage of the principal balance.
Thus, option B is correct.
For more details about car auto loan, click here:
https://brainly.com/question/14161464
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what limits are placed on the government's power to tax?
Amount issued $400 million Offered Issued at a price of 101.50% plus accrued interest (proceeds to company 101.300%) through First Boston Corporation. Interest 9.25% per annum, payable February 15 and August 15. Suppose the debenture was issued on September 1, 1992, at 101.50%. How much would you have to pay to buy one bond delivered on September 15
Answer: $1022
Explanation:
The amount that would be paid buy one bond delivered on September 15 will be the addition of the issued price and the accrued interest. This will be:
= (1000 x 101.50%) + (1000 x 9.25% x 1/12)
= (1000 x 101.50/100) + (1000 x 9.25/100 x 1/12)
= (1000 x 1.015) + (1000 x 0.0925 x 0.0833)
= 1015 + 7.70525
= 1022
The answer is $1022.
The most global markets currently are markets for: consumer durables. consumer goods. industrial goods. services.
Answer:
industrial goods.
Explanation:
Industrial goods are the goods that are purchased and used for the industrial and the business purpose. It would be made from machinery, manufacturing plants, raw materials, etc also these are depend upon the consumer goods that would help for generating the product
So as per the given situation the most global market would be for the industrial goods
You plan to save $1,400 for the next four years, beginning now, to pay for a vacation. If you can invest it at 6 percent annually, how much will you have at the end of four years
Answer:
FV= $6,124.46
Explanation:
Giving the following information:
You plan to save $1,400 for the next four years, beginning now, to pay for a vacation. If you can invest it at 6 percent annually,
Annual deposit= $1,400
Number of periods= 4 years
Interest rate= 6%
To calculate the future value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {1,400*[(1.06^4) - 1]} / 0.06
FV= $6,124.46
Organized securities markets a. are examples of financial intermediaries. b. are secondary markets. c. transfer resources from savers to borrowers. d. are not subject to regulation.
Answer:
b. are secondary markets
Explanation:
Secondary market can be defined as a market where various investors sell and buy securities from other investors.
Some examples of secondary market around the world are New York Stock Exchange (NYSE), NASDAQ, London Stock Exchange (LSE) and National Stock Exchange (NSE).
On the other hand, the primary market refers to the market where these securities that are being sold are issued or created.
Hence, organized securities markets are secondary markets.
For insight into a government agency's understanding of the laws it administers, one should consult:
Answer:
The agency's interpretive rules.
Explanation:
An interpretive rule can be defined as a document issued by an agency so as to help expound or clarify existing administrative laws, regulations and statutes in the public domain.
Basically, an interpretive rule is not required to meet the minimum requirements or criteria specified by the Administrative Procedure Act (APA). Also, an interpretive rule is not considered as a force of law because it is not binding on the general public.
Hence, for insight into a government agency's understanding of the laws it administers, one should consult the agency's interpretive rules for an explanation on the law and regulations it promulgated,
Suppose the market for dairy milk experiences the following event: The price of nut based milk (a substitute for diary milk) increases. The effect on equilibrium will be:
Answer:
equilibrium price and quantity of diary milk will increase
Explanation:
A substitute good is a good that can be used in place of another good.
If the price of nut based milk, a substitute for diary milk increases, nut based milk becomes more expensive for consumers and as a result consumers would increase their demand for diary milk. This would lead to an outward shift of the demand curve and as a result, equilibrium price and quantity of diary milk will increase
Please check the attached image for a graphical representation
A good model should: Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the box for the wrong answers. check all that apply be right most of the time. state its assumptions clearly. predict cause and effect. describe the world accurately.unanswered add to the body of knowledge.unanswered be accepted by most professionals.
Answer:
1. describe the world accurately
2. predict cause and effect
3. state its assumptions clearly
Explanation:
A good model can be defined as a physical representation of something that is morally good, ideal and perfect.
A good model should;
I. Describe the world accurately: it should be all encompassing in its description of the world at large.
II. Predict cause and effect: it should state why there is a reaction to an action.
III. State its assumptions clearly: it should be concise.
Suppose an event has occurred that has decreases money demand. This will cause the equilibrium interest rate to g
Complete Question:
Suppose an event has occurred that has decreased money demand. This will cause the equilibrium interest rate to: Multiple Choice decrease, but equilibrium quantity to remain constant. decrease, but equilibrium quantity to increase. increase, but equilibrium quantity to decrease. Increase, but equilibrium quantity to remain constant.
Answer:
Suppose an event has occurred that has decreased money demand. This will cause the equilibrium interest rate to:
decrease, but equilibrium quantity to increase.
Explanation:
Money demand equilibrium occurs at the interest rate at which the quantity of money demanded equals the quantity of money supplied. This implies that all other things unchanged, a shift in money demand will lead to a change in the equilibrium interest rate. This result will come about because with the reduced interest rate, more consumers and businesses will be angling for more loans.
Raw materials inventory was $5,000 at the beginning of the year and $12,000 at the end of the year. During the year, a total of $27,000 in raw materials were purchased, including $4,000 of indirect materials that were put into manufacturing overhead during the period. Calculate the cost of direct materials used during the period.
Answer:
Direct material used= $16,000
Explanation:
Giving the following information:
Beginning inventory= $5,000
Ending inventory= $12,000
Direct material purchased= 27,000 - 4,000= $23,000
To calculate the direct material used, we need to use the following formula:
Direct material used= beginning inventory + purchases - ending inventory
Direct material used= 5,000 + 23,000 - 12,000
Direct material used= $16,000
The Production Possibilities Frontier A represents 35 refrigerators and 35 cars B represents 30 refrigerators and 40 cars C represents 20 refrigerators and 50 cars. 1. What is opportunity cost for this country i
The opportunity cost will be 5 refrigerators.
Explanation:
Opportunity cost is simply defined as the cost of what one forgoes on order to get something else. Opportunity cost occurs due to the scarcity of resources.
The opportunity cost for the country will be 5 refrigerators. This is due to the fact that when the economy moves from A to pmB, there will be a reduction in the 5 refrigerators that are produced by 5.
A company estimates that 0.7% of their products will fail after the original warranty period but within 2 years of the purchase, with a replacement cost of $150. If they offer a 2 year extended warranty for $12, what is the company's expected value of each warranty sold
Answer:
$10.97
Explanation:
Calculation for what is the company's expected value of each warranty sold
First step is to calculate the outcome
Outcome=$150-$12
Outcome=138
Second step is to calculate the outcome probability
Outcome probability=1-0.007
Outcome probability=0.993 and 0.007 respectively
Now let calculate the company's expected value of each warranty sold
Expected value of each warranty sold=$12*0.993+(-$138)*0.007
Expected value of each warranty sold=$10.97
Therefore Expected value of each warranty sold is $10.97
Matthew purchased a new piece of equipment to be used in its new facility. The $400,000 piece of equipment was purchased with a $40,000 down payment and with cash received through the issuance of a $360,000, 9%, 5-year mortgage payable issued on January 1, 2022. The terms provide for annual installment payments of $92,553 on December 31.
Required:
Prepare an installment payments schedule for the first five payments of the notes payable.
Answer:
The ending balance after the first five payments of the notes payable is $1.70.
Explanation:
Note: See the attached excel file for the installment payments schedule for the first five payments of the notes payable.
In the attached excel file, the following are calculated as follows:
Beginning balance for the year 2022 = Value of the note payable
For other years, Beginning balance for a particular year = Previous year's ending balance
Interest expense for each year = Beginning balance for each year * Interest rate
Principal paid for each year = Annual installment - Interest expense for each year
Ending balance for each year = Beginning balance for each year - Principal paid for each year
From the attached excel file, the ending balance after the first five payments of the notes payable is $1.70.
Find the periodic payment R required to amortize a loan of P dollars over t years with interest charged at the rate of r%/year compounded m times a year. (
Answer:
$444
Explanation:
Hi, I have attached the full question as an image below.
The period payment is the installment amount required to be paid on the loan. Installments are made after different periods for different loans in a year. Some instalments may be paid once or twice during the year. These instalments comprise the interest charge and the repayment of the principle until the loan matures (the future value becomes $0).
So given the data as :
Principal (PV) = $30,000
Interest (I/YR) = 4 %
Period per year (P/YR) = 6
Total Periods (N) = 15 × 6 = 90
Future Value (FV) = $ 0
Payment (PMT) = ?
Inputting the data in a financial calculator as : (PV) = $30,000, (I/YR) = 4 %, (P/YR) = 6, (N) = 15 × 6 = 90 and (FV) = $ 0 we can solve PMT as $444
Conclusion ;
Periodic payment R required to amortize a loan is $444
The following information are available about the economy, where all figures are in million dollars: Full employment = $2,000, Consumption $1,200, Investment = $400, Government spending = $500 and, Net exports =$200.
Because short-run output is........... full employment output, in the long run, we would expect the price level to..........
Select one:
a. Greater than; fall
b. Less than; fall
c. Greater than; rise
d. Less than; rise
= Greater than; rise
Answer:
C.
Explanation:
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A CPA issued an unqualified opinion on the financial statements of a company that sold common stock in a public offering subject to the Securities Act of 1933. Based on a misstatement in the financial statements, the CPA is being sued by an investor who purchased shares of this public offering. Which of the following represents a viable defense?
a. The investor has not proved fraud or negligence by the CPA.
b. The investor did not actually rely upon the false statement.
c. The CPA detected the false statement after the audit date.
d. The false statement is immaterial in the overall context of the financial statements.
Answer:
d. The false statement is immaterial in the overall context of the financial statements.
Explanation:
Note, the term 'misstatement' can also be rendered 'false statement'.
Since in this scenario, we can confirm the CPA (Certified Public Accountant) issued out an opinion about the financial statements of a company.
Since the interpretation of the financial statement is subject to personal interpretation, it can, therefore, be considered immaterial in the overall context of the financial statements; removing any liability to the CPA.
g To say that people respond to incentives is to say that Question 6 options: changes in costs (but not changes in benefits) influence people's decisions and their behavior. changes in benefits (but not changes in costs) influence people's decisions and their behavior. changes in benefits or changes in costs influence people's decisions and their behavior. tradeoffs can be eliminated by rational people who think at the margin.
Answer:
To say that people respond to incentives is to say that:
changes in benefits or changes in costs influence people's decisions and their behavior.
Explanation:
Incentives are the rewards (benefits) or punishments (costs) that shape people's choices and decisions. Changes in incentives, whether monetary or non-monetary, drive people's decisions and behavior. When opportunity costs change, incentives change, and people's choices and behavior also change. The changes that cause people to change their behavior as a result of changes in incentives can be described in predictable ways.
Inflationary gap said to exist when ?
Select one:
a. Real GDP < Potential GDP
b. Unemployment rate > natural rate of unemployment
c. Real GDP > Potential GDP
d. Real GDP = Potential GDP
= Real GDP > Potential GDP
Assume the factory is currently producing 40 chairs and 30 tables and an order comes in for 5 more tables . What is the opportunity cost of producing 5 more tables?
Explanation:
I dont really know. You can ask the tutors tho.
g 5. Characteristics of oligopoly An oligopolistic market structure is distinguished by several characteristics, one of which is either homogeneous or differentiated products. What are some other characteristics of this market structure
Explanation:
An oligopoly can be defined as an imperfect competition market structure, it works when in an economic sector there are few companies offering a good or service, that is, the market is homogeneous and with differentiated services, as companies seek a degree differentiation to win customers.
Some characteristics of the oligopoly are: few price variations, which can affect the consumer, since there are few companies operating in the oligopolistic market, the possibilities of choice are reduced. There is also the difficulty of entry for new competitors, since there are few dominant companies in the market and we can also mention the dependence between companies in the market in which there is an oligopoly, since the actions of one will consequently affect the entire market and the companies present .
The oligopoly arises when there is an imbalance between supply and demand, which means that the active companies have greater control over the market and the prices charged.
Early in January, the following transactions were carried out by Maxwell Communications. Sold capital stock to owners for $35,000. Purchased land and a small office building for a total price of $90,000, of which $35,000 was the value of the land and $55,000 was the value of the building. Paid $22,500 in cash and signed a note payable for the remaining $67,500. Bought several computer systems on credit for $9,500 (30-day open account). Obtained a loan from Capital Bank in the amount of $20,000. Signed a note payable. Paid the $22,250 account payable due as of December 31. Required: b. Record the effects of each of the five transactions. (Enter decreases to accounts as a negative.)
Answer:
Part a
Assets Liabilities Owners Equity
Balances $308,250 $108,250 $200,000
Part b
Transaction # Assets Liabilities Owners Equity
1 + $35,000 (Cash) nill + $35,000 (Capital)
2 + $35,000 (Land) +67,500 (Note Payable) nill
+ $55,000(Buildings)
- $22,500 (Cash)
3 + $9,500 (Office Equi) + $9,500 (Acco Payable) nill
4 +$20,000 (Cash) +$20,000(Note Payable) nill
5 - $22,250 (Cash) -$20,000(Acco Payable) nill
Explanation:
Hi, I have attached the full question below as images.
Part a
Here simply calculated the totals of Assets, Liabilities and Owners Equity at December 31.
Part b
Remember for every transaction, there are two or more accounts affected. To find the effect of transactions, the first step is to identify the the Accounts affected and the amounts to effect these accounts. Determine if the Account is being increased or decreased. Lastly record the effect as required under the Element of Assets, Liabilities and Equity.
The accounts receivable turnover can be used to compute the average collection period. is only important to internal users of accounting information. is computed by dividing net credit sales for the accounting period by the cash realizable value of accounts receivable on the last day of the accounting period. is a method of evaluating the solvency of net accounts receivable.
Answer:
can be used to compute the average collection period
Explanation:
has sales of $39,230, costs of $12,930, depreciation expense of $2,630, and interest expense of $1,910. The tax rate is 22 percent. What is the operating cash flow, or OCF
Answer:
OCF= $19,602.8
Explanation:
To calculate the OCF, we need to use the following structure:
EBT= Gross profit - depreciation - interest
Tax= EBT*t
OCF= EBT - Tax + Depreciation
Sales= 39,230
COGS= (12,930)
Gross profit= 26,300
Depreciation= (2,630)
Interest= (1,910)
EBT= 21,760
Tax= (21,760*0.22)= (4,787.2)
Depreciation= 2,630
OCF= 19,602.8
