Answer:
The answer is "Option C".
Explanation:
In the US, mental illnesses have increasingly been on the rise, including patterns that are highly valuable in most modern societies. Anorexia and bipolar disorder are also included. These are complicated, severe but potentially destructive. These are also the result of a complex confluence of things such as biology, cell biology, sociology, culture, and the environment.
Due to high unemployment, people travel less, which affects the markets for things like hotel rooms and gasoline. Which economic concept corresponds to this scenario
Answer:
movement down the demand curve.
Explanation:
Analyzing the information above, it is possible to determine that demand is directly affected by high unemployment rates, that is, with less disposable income, people change their consumption habits, which can influence travel and adjacent markets, that is, with fewer people traveling, the less the number of hotel reservations and the less the number of cars on the road traveling, which directly influences the downward movement of the demand curve.
Suppose that when disposable income decreases by $2,000, consumption spending increases by $1500. Given this information, we know that the marginal propensity to consume (MPC) is
Answer:
the marginal propensity to consume is 0.75
Explanation:
The computation of the marginal propensity to consume is shown below:
MPC = Change in consumption ÷Change in disposable income
where,
The Change in consumption is 1500
ANd, the Change in disposable income is 2000
So,
MPC is
= $1,500 ÷ $2,000
= 0.75
hence, the marginal propensity to consume is 0.75
Which economic indicators most strongly suggest that an economy is
experiencing the expansion phase of the business cycle?
O A. Unemployment rates are rising while GDP is falling.
O B. Both GDP and unemployment rates are falling.
OC. Both GDP and unemployment rates are rising.
O D. Unemployment rates are declining while GDP is rising.
Answer:
D. Unemployment rates are declining while GDP is rising.
Explanation:
A business cycle is the natural increase and decrease in economic activities in a country. It refers to the shifting from an economic boom to a downturn that occurs naturally in the economy. The expansion phase is also the boom in a business cycle.
At expansion, the country experiences an increase in the level of economic activities. There is an increase in demand for products and services. Businesses and households have increased incomes. Due to the increase in demand, businesses employ more people to help increase production. As a result, GDP increases, and unemployment declines.
Answer: D unemployment rates are declining while GPD is rising
13
Charlie is summoned for jury duty. While still in the selection process, it is discovered
Which of the following would most likely happen?
O Charlie would be excluded for cause.
Charlie would be preserved on the jury since he would have inside i
Charlie can refuse to serve on the jury.
Charlie would be excluded through preemptory challenge.
14
Casey is on trial under criminal allegations that she engaged in fraudulent behavior
nombioLUS Droof that Casey is guilty. Which of the follow
-בין ה
Hilola.
Answer:
13. Charlie would be excluded for cause;
14. the plaintiff provides proof only up to the level of “clear and convincing,” Casey can still be acquitted.
Explanation:
Since it was realised that Charlie has a relationship with on of the parties summoned for a case, this will lead to Charlie been removed and excluded for cause. This is because it is believed that due to the fact that he has a relationship with the person, there may be bias which may lead to a false outcome regarding the case.
For the second question, Cash can be acquitted if there's proof which is provided by the plaintiff and the proof is clear enough and convincing.
A cut in direct taxes on households' income
Select one:
O a. Has no effect
& b. Shifts the aggregate demand curve to the left
c. Moves the economy along the aggregate demand curve
O d. Shifts the aggregate demand curve to the right
Answer:
d. Shifts the aggregate demand curve to the right
Explanation:
A cut in tax on household's income increase the aggregate demand and therefore shifts the aggregate demand curve to the right. When taxes are decreased, income available for making purchases increases, thus, increasing the consumption in the economy.
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
Red, Inc., Yellow Corp., and Blue Company each will pay a dividend of $3.00 next year. The growth rate in dividends for all three companies is 6 percent. The required return for each company's stock is 9.20 percent, 12.70 percent, and 14.30 percent, respectively. Required:(a) What is the stock price for Red. Inc., Company
Answer:
Red Inc stock price=$93.75
Yellow Corp stock price=$44.78
Blue company=$36.14
Explanation:
Calculation for What is the stock price
Using this formula
Stock price=D1/(Required return-Growth rate)
Let plug in the formula
Red Inc stock price=3.00/(0.092-0.06)
Red Inc stock price=3.00/0.032
Red Inc stock price=$93.75
Yellow Corp stock price=3.00/(0.127-0.06)
Yellow Corp stock price=3.00/0.067
Yellow Corp stock price=$44.78
Blue company =3.00/(0.143-0.06)
Blue company=3.00/0.083
Blue company=$36.14
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
Leslie McCormack is in the spring quarter of her freshman year of college. She and her friends already are planning a trip to Europe after graduation in a little over three years. Leslie would like to contribute to a savings account over the next three years in order to accumulate enough money to take the trip. Assume an interest rate of 14%, compounded quarterly. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.)How much will she accumulate in three years by depositing $740 at the end of each of the next 12 quarters, beginning three months from now
Answer: $10,805.45
Explanation:
As she is paying a constant amount of $740 every quarter, this is an Annuity. Her starting 3 months from now means that this is an ordinary annuity.
The interest rate needs to be adjusted to a quarterly rate:
= 14%/4
= 3.5%
Future value of ordinary annuity = Annuity * [ (1 + r)^rate - 1] / rate
= 740 * [ ( 1 + 3.5%)¹² - 1] / 3.5%
= $10,805.45
Suppose in the spot market 1 U.S. dollar equals 1.3750 Canadian dollars. 6-month Canadian securities have an annualized return of 6.00% (and thus a 6-month periodic return of 3.00%). 6-month U.S. securities have an annualized return of 6.50% and a periodic return of 3.25%. If interest rate parity holds, what is the U.S. dollar-Canadian dollar exchange rate in the 180-day forward market
Answer:
$1 = 1.372 CD
Explanation:
Spot rate, 1$ = 1.3750 Canadian dollars
Canadian securities annualized return = 6%
U.S. securities annualized return = 6.5%
Term = 6 month ≅(180 days)
Forward exchange rate in 180 days, 1$ = Spot rate * (1+US rate*6/12) / (1+CD rate*6/12)
= 1.3750 CD * (1 + 6%*6/12) / (1 + 6.5%*6/12)
= 1.3750 CD * (1 + 0.03) / (1 + 0.0325)
= 1.3750 CD * 1.03/1.0325
= 1.371670702179177 CD
= 1.372 CD
So, the the U.S. dollar-Canadian dollar exchange rate in the 180-day forward market is $1 = 1.372 CD
During the past year, a company reported net income of $230,000. Depreciation expense was $22,000. In December the company received $7,000 representing rent for the next year on a vacant warehouse. What is the amount of cash provided by operating activities that should appear on a statement of cash flows
Answer: $259000
Explanation:
Based on the information provided in the question, the amount of cash provided by operating activities that should appear on a statement of cash flows would be:
Net income = $230,000
Add: Depreciation expense = $22,000
Add: Rent = $7000
Total = $259,000
The weighted-average cost of capital for a firm with a 65/35 debt/equity split, 8% pre-tax cost of debt, 15% cost of equity, and a 35% tax rate is
Answer:
weighted-average cost of capital is 11.57 %
Explanation:
Weighted Average Cost of Capital (WACC) is the return that is required by providers of long term permanent sources of capital.
WACC = Weight of Equity × Cost of Equity + Weight of Debt × After tax cost of debt.
where,
After tax cost of debt = interest × ( 1 - tax rate)
= 8% × (1 - 0.35)
= 5.20 %
Therefore,
WACC = 0.65 × 15% + 0.35 × 5.20 %
= 11.57 %
g When investment occurs in developing nations investors hope to gain significant returns on their investment and residents gain higher rates of economic growth. higher rates of economic growth are usually not achieved. significant levels of pollution usually occur. government politicians usually benefit from the illegal payments made to secure the investment.
Answer:
investors hope to gain significant returns on their investment and residents gain higher rates of economic growth.
Explanation:
The goal of most investors is to make profit. So, the expectation of investors should be to earn profit. If it is expected that the project will be unprofitable, they would not make investments.
Investments increase economic growth. For example, if and investor builds a factory in a developing country, unemployment would reduce and output would increase. This would increase economic growth
Keynesian theory is based on the concept that saving and consumption are influenced primarily by real current disposable income. saving is influenced primarily by the interest rate. planned savings equal planned investment only at full employment. full employment is automatically attained in any economy.
Answer:
saving and consumption are influenced primarily by real current disposable income
Explanation:
keynesian economics is a known form of economics that is of demand-side in the sense that it encourages government action to increase and decrease demand and output.
Consumption is using ur money by spending it on new goods and services out of a household's current income.
While Saving is simply not eating up or the act of not consuming all of one's current income. Keynes argument was that the interest rate is not the most necessary factor in saving and consumption decisions. Rather, real saving and consumption decisions depend primarily on a household's real disposable income
Which phase of the economic cycle is characterized by prosperity?
O Contraction
O Peak
O Trough
O Recession
Answer:
peak
Explanation:
For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2015 for $2,848,000. Its useful life was estimated to be six years with a $232,000 residual value. At the beginning of 2018, Clinton decides to change to the straight-line method. The effect of this change on depreciation for each year is as follows ($ in 000s):
Year Straight-Line Declining Balance Difference
2013 $438 $954 $516
2014 438 636 198
2015 438 425 (13)
$1,314 $2,015 $701
Required:
Prepare any 2016 journal entry related to the change.
Answer and Explanation:
The journal entry is given below:
But before that the depreciation expense is
Cost of the asset $2,848,000
Less: accumulate depreciation -$2,015,000
Non-depreciable cost $833,000
Less: residual value -$232,000
Remaining value $601,000
Divided by 3 years
Depreciation expense $200,333.33
Now the journal entry is
Depreciation expense Dr $200,333.33
To Accumulated depreciation $200,333.33
(Being deprecation expense is recorded)
Here the depreciation expense is debited as it increased the asset and credited the accumulated depreciation as it decreased the asset
Which of the following is likely to result from a rapid rise in
aggregate demand?
Select one:
a.
Rising Prices
b.
Increased Unemployment
C.
Static Living Standard
d.
Surplus on the balance of Payment
= Rising Prices
Answer:
the answer is Rising Prices
Explanation:
Rising Prices
Answer:
a. Rising Prices
Rising Prices is likely to result from a rapid rise in aggregate demand. When a commodity has a very high demand which could be caused by the scarcity or the quality of the product, the price of such commodity will rise.
When a commodity has a low aggregate demand , the price of such commodities will be low. This is usually done to attract customers/consumers as the main aim of business is to make profit.
When profit isn't made, the business may become bankrupt which is why such changes are made to ensure it is afloat.
Increased Unemployment, Static Living Standard and Surplus on the balance of Payment are factors which don't necessarily increase the aggregate demand of commodities.
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2020 Advanced Exam - Advanced Scenario 7: Travis and Sylvia Kennedy - Question 2 of 9. 21. The total taxable interest on Form 1040 is $_____________. (Do not enter dollar signs, commas, periods, or decimal points in your answer.)
Answer:
$140
Explanation:
Form 1040 is used to report IRS about the taxable income that U.S. tax payers has received. It is a form of Income tax in United States. The form must be filled and signed by 15th April every year.
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:
Select the correct answer from each drop-down menu.
Jack has to pay
tax to the government for his house. This type of tax is
tax
Reset
Next
Answer:
There are 3 types of taxes you pay. They are proportional taxes, progressional taxes, and the regessive tax.
Explanation:
Hope it helps
rons woodworking supplies high quality wooden bowls made from xotic hardwoods form around the world for its customers Ron has hired several employees. Explain two facos that impact rons demand for workers in his shop
Answer:
1. the demand for exotic hardwoods : if the demand for the exotic hard woods is low, Ron would want to reduce his scale of production. As a result, they would reduce their demand for labour. If the demand for exotic hardwoods is high, they would increase their scale of production and increase their demand for labour
2. the price of exotic hardwoods : if the price of exotic hardwoods falls, the profit that would be made from selling exotic hardwoods would reduce. As a result, the firm would want to reduce their supply of exotic hardwoods. This would lead to a decrease in demand for labour. If on the other hand, the price of exotic hardwoods increases, to increase their profit, Ron would increase the production of exotic hardwoods and as a result increase its demand for labour
Explanation:
Ron's demand for workers is known as derived demand. Derived demand is when the demand for a good or service depends on the demand for another good or service
No-Toxic-Toys currently has $400,000 of equity and is planning an $160,000 expansion to meet increasing demand for its product. The company currently earns $100,000 in net income, and the expansion will yield $50,000 in additional income before any interest expense. The company has three options: (1) do not expand, (2) expand and issue $160,000 in debt that requires payments of 8% annual interest, or (3) expand and raise $160,000 from equity financing. For each option, compute (a) net income and (b) return on equity (Net Income ÷ Equity). Ignore any income tax effects. (Round "Return on equity" to 1 decimal place.)
Answer:
OPTION 1:
net income = $100,000
return on equity = $100,000 / $400,000 = 25%
OPTION 2:
net income = $100,000 + $50,000 - ($160,000 x 8%) = $150,000 - $12,800 = $137,200
return on equity = $137,200 / $400,000 = 34.3% (yields highest returns but also increases risk)
OPTION 3:
net income = $100,000 + $50,000 = $150,000
return on equity = $150,000 / ($400,000 + $160,000) = $150,000 / $560,000 = 26.79%
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
Casper and Cecile divorced in 2018. As part of the divorce settlement, Casper transferred stock to Cecile. Casper purchased the stock for $180,000, and it had a market value of $288,000 on the date of the transfer. Cecile sold the stock for $252,000 a month after receiving it. In addition Casper is required to pay Cecile $9,000 a month in alimony. He made five payments to her during the year.
Required:
a. What are the tax consequences for Casper and Cecile regarding these transactions?
b. How much gain or loss does Casper recognize on the transfer of the stock?
c. Does Casper receive a deduction for the $7,500 alimony paid?
d. How much income does Cecile have from the $7,500 alimony received?
e. When Cecile sells the stock, how much does she report?
Answer:
a. No gain or loss will be recognized by either party.
b. $0 gain or loss will be recognized by Casper on the transfer.
c. Yes, a deduction will be received by Casper for the $45,000 alimony paid during the year.
d. The amount of income is the $45,000 alimony received from Casper during the year.
e. Cecile will report a capital gains of $72,000.
Explanation:
Note: This question has some errors. The correct question is therefore provided before answering the question as follows:
Casper and Cecile divorced in 2018. As part of the divorce settlement, Casper transferred stock to Cecile. Casper purchased the stock for $180,000, and it had a market value of $288,000 on the date of the transfer. Cecile sold the stock for $252,000 a month after receiving it. In addition Casper is required to pay Cecile $9,000 a month in alimony. He made five payments to her during the year.
Required:
a. What are the tax consequences for Casper and Cecile regarding these transactions?
b. How much gain or loss does Casper recognize on the transfer of the stock?
c. Does Casper receive a deduction for the $45,000 alimony paid?
d. How much income does Cecile have from the $45,000 alimony received?
e. When Cecile sells the stock, how much does she report?
The explanation of the answers are now given as folllows:
a. What are the tax consequences for Casper and Cecile regarding these transactions?
Casper who is the party that is making the transfer will enjoy a deduction for the property he transferred as he is nt entitled to the deduction. In addition, no gain or loss will be recognized by Casper o the transfer.
Cecila who us the party that receives the property will also not recognize income. She will include the property received on cost basis equal to basis of the Casper who is the party that the transfer.
b. How much gain or loss does Casper recognize on the transfer of the stock?
$0 gain or loss will be recognized by Casper on the transfer.
The reason for this is that anything that is paid under alimony that is not cash is not taxable. Since what Casper transferred is not cash, $0 will be recognized.
c. Does Casper receive a deduction for the $45,000 alimony paid?
The total alimony made by Casper during the year is calculated as follows:
Total alimony paid = Alimony amount * Number of payments during the year = $9,000 * 5 = $45,000
Therefore, a deduction will be received by Casper for the $45,000 alimony paid during the year.
d. How much income does Cecile have from the $45,000 alimony received?
The amount of income is the $45,000 alimony received from Casper during the year. And this will be included in her gross income.
e. When Cecile sells the stock, how much does she report?
The amount she will report as capital gain can be calculated as follows:
Capital gains = Revenue from the sales of the stock by Cecile - Purchase price paid by Casper = $252,000 - $180,000 = $72,000
Therefore, Cecile will report a capital gains of $72,000.
When a country has a comparative advantage in the production of a good, it means that it can produce this good at a lower opportunity cost than its trading partner.
a. True
b. False
Answer:
A. True
Explanation:
Opportunity cost is an economic term for expressing cost in terms of forgone alternative. Also, comparative cost advantage is when a country is able to produce goods and services at a much lower opportunity cost , rather than in terms of quality or larger output.
Comparative advantage gives a country an edge in the production of certain goods compared to a trading partner, hence she is able to leverage on such production and substitute it for other goods.
By using resources in an efficient and effective manner to reach organizational goals, managers may reach their ultimate responsibility of achieving high __________.
Answer:
Performance
Explanation:
The ultimate responsibility of the manager is to accomplish the high performance that represent the attainment of the organization goals via using the resources in a best way i.e. efficient and effective manner
So the responsibility of the manager is to accomplish the high performance so that the company could attain its goals and objectives
Sophamia Company sells five products, as follows. Product A: Price per unit, $100 -- Variable cost per unit, $40 -- 3 machine hours required Product B: Price per unit, $80 -- Variable cost per unit, $10 -- 2 machine hours required Product C: Price per unit, $120 -- Variable cost per unit, $30 -- 5 machine hours required Product D: Price per unit, $90 -- Variable cost per unit, $60 -- 1 machine hour required Product E: Price per unit, $150 -- Variable cost per unit, $110 -- 4 machine hours required Because of a delay in the delivery of new production machines, during the current year the scarce resource in Sophamia Company is MACHINE HOURS. Which product should the company emphasize in its marketing campaign
Answer: Product B
Explanation:
The product to be emphasized is the one that has the highest contribution margin per machine hour.
A B C D E
Price 100 80 120 90 150
Variable Cost (40) (10) (30) (60) (110)
Contribution Margin per unit 60 70 90 30 40
Machine hours requirement 3 2 5 1 4
Contribution margin per machine hour 20 35 18 30 10
According to the Contribution Margin per machine hour, Product B should be emphasized as it gives the higher margin per unit.
This answer is based on the figures you gave so do crosscheck the figures given as there can be multiple variants of this question.
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
1. When you played the New York City Budget game, how did this change your opinion on how governments operate cities? What are some of the ways a city can earn revenue?
2. What are the similarities and differences between balancing a city budget and balancing a personal budget?
real-time Incorporated considers purchase of a new machine that cost $40,000 and requires an increase in net operating working capital of 2,000 and the time of purchase what is the net investment required at T equals zero
Answer: $42,000
Explanation:
The Net investment required is the total amount that a company needs to initiate a project or acquire an asset.
Net investment at time 0 = Cost of machine + increase in net operating capital
= 40,000 + 2,000
= $42,000
