Answer:
(1)Elasticity is an important economic measure, particularly for the sellers of goods or services, because it indicates how much of a good or service buyers consume when the price changes. ... If the market price goes up, firms are likely to increase the number of goods they are willing to sell.
(2) Many factors determine the demand elasticity for a product, including price levels, the type of product or service, income levels, and the availability of any potential substitutes. High-priced products often are highly elastic because, if prices fall, consumers are likely to buy at a lower price
A company that makes organic fertilizer has supplied the following data:
Bags produced and sold 200,000
Sales revenue $1,560,000
Variable manufacturing expense $660,000
Fixed manufacturing expense $448,000
Variable selling and administrative expense $180,000
Fixed selling and administrative expense $214,000
Net operating income $58,000
The company's unit contribution margin is closest to:______
a. 15,128 units
b. 16,1 units
c. 168,986 units
d. 100,444 units
Answer: $3.60
Explanation:
Contribution Margin is calculated by deducting variable expenses from the sales.
= Sales - Variable manufacturing expense - Variable selling and administrative expense
= 1,560,000 - 660,000 - 180,000
= $720,000
Unit Contribution Margin = 720,000/200,000 bags sold
= $3.60
The options are not for the Unit Contribution Margin.
Sheila and her team were able to successfully implement an IS in a hospitality organization. Match the success factors to their meanings.
increased visibility
increased efficiency
better quality
reduced cycle time
reduced process time in different areas
real-time status or availability of any process or product
faster execution of each process
high quality standards of products and processes
Answer:
Increased visibility- real-time status or availability of any process or product
increased efficiency - reduced process time in different areas
better quality- high-quality standards of products and processes
reduced cycle time-faster execution of each process
did get it right?
On March 1, 2020, Parnevik Company sold goods to Goosen Inc. for $660,000 in exchange for a 5-year, zero-interest-bearing note in the face amount of $1,062,937 (an inputed rate of 10%). The goods have an inventory cost on Parnevik's books of $400,000.
Required:
Prepare the journal entries for Parnevik on (a) March 1, 2020, and (b) December 31, 2020.
Answer:
Parnevik Company
Journal Entries:
(a) March 1, 2020
Debit Notes Receivable (Goosen Inc.) $660,000
Credit Sales Revenue $660,000
To record the sale of goods in exchange for a 5-year, zero-interest-bearing note in the face amount of $1,062,937.
Debit Cost of Goods Sold $400,000
Credit Inventory $400,000
To record the cost of goods sold.
(b) December 31, 2020:
Debit Interest Receivable (Goosen Inc.) $55,000
Credit Interest Revenue $55,000
To record the interest receivable for 10 months on the note.
Explanation:
The sale of goods will be recorded net of the interest. Interest Receivable from Goosen Inc. will be accumulated until when it is settled by Goosen Inc. at the end of the note's 5-year life. By that time, the interest must have accumulated to $402,937 compounded yearly.
On November 19, Hayes Company receives a $15,000, 60-day, 10% note from a customer as payment on his account. What adjusting entry should be made on the December 31 year-end
Answer: A debit to Interest receivable at $175
A credit to Interest Revenue at $175
Explanation:
Interest revenue = Principal x rate s time ( from Nov 19 - December 31st)
=$15,000 x 10% x 42/360 ( taking days in a year = 360 days )
= $175
Adjusting Journal entry for Hayes Company on December 31st year end
Date Account titles Debit Credit
December 31st Interest receivable $175
Interest Revenue $175
A bond has a $1,000 par value, 20 years to maturity, and an 8% annual coupon and sells for $1,110. What is its yield to maturity (YTM)?
Answer:
YTM = 0.070616 or 7.0616% rounded off to 7.06%
Explanation:
The yield to maturity or YTM is the yield or return that an investor can earn on the bond if the bond is purchased today and is held till the bond matures. The formula to calculate the Yield to maturity of a bond is as follows,
YTM = [ ( C + (F - P / n)) / (F + P / 2) ]
Where,
C is the coupon paymentF is the Face value of the bondP is the current value of the bondn is the number of years to maturityCoupon payment = 1000 * 0.08 = 80
YTM = [ (80 + (1000 - 1110 / 20)) / (1000 + 1110 / 2)
YTM = 0.070616 or 7.0616% rounded off to 7.06%
(20) points
What could be the most likely result of Andrew offering credit facility to his customers?
A.
higher business losses
B.
lesser number of customers
C.
sell his goods below the market rates
D.
more competition
E.
customer loyalty
Answer:
you lied about the points but I'll be nice E
The book value per share of stock is the amount of money an investor would have to pay to purchase a share of stock in an open market. This statement is
Answer:
False
Explanation:
The book value per share of stock can be defined as a measure of the total amount of value associated with a net asset that an investor is entitled to when he or she buys a share of stock.
The book value per share of stock is a ratio of the equity gotten by an investor to the amount of outstanding shares.
Hence, the book value per share of stock is not the amount of money an investor would have to pay to purchase a share of stock in an open market. This statement is completely false.
Helen Martin is interested in buying a five-year zero coupon bond with a face value of $1,000. She understands that the market interest rate for similar investments is 8.5 percent. Assume annual coupon payments. What is the current value of this bond
Answer:
the current value of the bond is $665.05
Explanation:
The computation of the current value of the bond is shown below:
Current Value = Face value ÷ ( 1 + rate of interest)^time period
= $1,000 ÷ (1 + 0.085)^5
= $1,000 ÷ (1.085)^5
= $1,000 ÷ 1.503657
= $665.045423
= $665.05
hence, the current value of the bond is $665.05
We simply applied the above formula so that the correct value could come
And, the same is to be considered
who is captain america
Answer:
a super hero that's part of marvel
Answer:
Captain America is a marvel character played by Chris Evans.
Explanation:
Captain America started out as a normal kinda scrawny teenager who joined the American Army during World War II. He was transformed into a super soldier and became an insanely fit and strong human being. He saved many people during the war, but unfortunately was frozen in ice for like 66 years. So, he became part of a group called the Avengers. Kind of like a vigilante group. And finally, he was able to go back in time and marry the woman of his dreams, and he retired from the avengers after, the time travel left him in his actual age, well into his 80's.
Assume there are two countries (France and the United States) and two goods (Wine and Cheese). In France, labor productivity in Wine is 40 bottles per hour and 30 kilos per hour in Cheese. In the US, labor productivity in Wine is 12 bottles per hour and 12 kilos per hour in Cheese. Given this information, which country has the comparative advantage in Cheese
Answer:
United States
Explanation:
A comparative advantage results when a country's opportunity cost of producing good X is lower than the opportunity cost of producing good X in another country.
France
Opportunity cost of producing wine = 30/40 = 0.75 kilos of cheese
Opportunity cost of producing cheese = 40/30 = 1.33 bottles of wine
United States
Opportunity cost of producing wine = 12/12 = 1 kilo of cheese
Opportunity cost of producing cheese = 12/12 = 1 bottle of wine
France has a comparative advantage in the production of wine, and the US has a comparative advantage in the production of cheese.
What are accountants most likely involved in as part of their daily activities within an organization?
A.
Preparing profit and loss statements.
B.
Working on distribution-related logistics.
C.
Contacting potential new retailers.
D.
Working on production schedules and shifts.
Answer:
What are accountants most likely involved in as part of their daily activities within an organization?
A.
Preparing profit and loss statements.
B.
Working on distribution-related logistics.
C.
Contacting potential new retailers.
D.
Working on production schedules and shifts.
Explanation:
Plato
Dividends are best defined as:
a. cash or stock payments to shareholders.
b. cash or stock payments to either bondholders or shareholders.
c. distributions of stock to current shareholders.
d. cash payments to shareholders.
e. cash payments to either bondholders or shareholders.
Answer: a. cash or stock payments to shareholders
Explanation:
A dividend is a cash or stick payment that is given to the shareholders of a company. This reward given to the shareholders can be in the form of cash or other form.
The dividend given to the shareholders is gotten out of the profit that the company makes.
Therefore, the correct option is A.
Determine the market price of a $485,000, 10-year, 8% (pays interest semiannually) bond issue sold to yield an effective rate of 10%.
Answer:
Bond Price= $424,588.28
Explanation:
Giving the following information:
Face value= $485,000
Number of periods= 10*2= 20
Interest rate= 0.08/2= 0.04
YTM= 0.1/2= 0.05
To calculate the price of the bond, we need to use the following formula:
Bond Price= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]
Bond Price= 19,400*{[1 - (1.05^-20)] / 0.05} + [485,000/1.05^20)
Bond Price= 241,766.88 + 182,791.4
Bond Price= $424,588.28
On December 31, 2017, Extreme Fitness has adjusted balances of $800,000 in Accounts Receivable and $55,000 in Allowance for Doubtful Accounts. On January 2, 2018, the company learns that certain customer accounts are not collectible, so management authorizes a write-off of these accounts totaling $10,000. What amount would the company report as its net accounts receivable on December 31, 2017
Answer:
Accounts receivable is $745,000
Explanation:
The company would report as net receivable, the total amount on accounts receivable minus total amount on the Allowance for uncollectible Accounts, which implies that the balance represent the amount of credit that will not be possible to collect again hence, the value represent balance on net accounts receivable.
Accounts receivable = Adjusted balance in accounts receivable - Allowance for doubtful accounts
= $800,000 - $55,000
= $745,000
Mr. Ghani wants to deposit his savings of Rs. 50,000 in a bank which offers 8% interest compounded semi-annually to withdraw Rs. 2,500 at the end of each six months from the date of deposit. How many withdrawals will he or his heir (in case of his death) be able to make before the entire amount is exhausted
Answer:
How many withdrawals will he or his heir (in case of his death) be able to make before the entire amount is exhausted is explained below in detail explanation.
Explanation:
Let the no of withdrawals be n, then
Present value of n withdrawals = 50000
Interest rate per 6 months =8%/2 =4%
Withdraw amt/(Int rate)*(1-1/(1+interest)^n) = 50000
=> 2500/0.04*(1-1/1.04^n) = 50000
1/1.04^n = 0.2
1.04^n = 5
=> n = ln(5) / ln(1.04) = 41.03
Total 41 withdrawals of Rs.2500 can be made (with a smaller 42nd installment of less than Rs.2500)
Now that you know about the different types of bank accounts, relate this information to your chosen career path. Write a paragraph explaining the type(s) of bank accounts that you would need in order to save enough money for college or training for your career. Your answer should address the following questions:
Do you already have a bank account? If so, which type(s), and how do you use them? If not, then how could you go about opening a bank account of your own?
After learning about the different types of bank accounts, which one do you think offers the best options for saving money for college, daily living expenses, and an emergency fund?
Define a bounced check, or a check returned for insufficient funds. Explain a circumstance in which someone might bounce a check (give an example), and create and discuss a plan so that this does not happen to you.
Answer:
I pay for my expenses using either my debit card or cash that I withdraw from the ATM. It is very rare that I write a check to pay for my purchases. If there is an emergency situation, I withdraw money from one of my certificates of deposit.
I want to be a physicist, and I plan to earn a graduate degree in physics from Harvard University. I don’t have enough money saved up to pay for my tuition, even though I have two certificates of deposit accounts and one savings account. This means that I will probably have to take a student loan from my bank. However, I do have sufficient money in my checking account to pay for my daily expenses.
A bounced check is a check that a person has written but cannot pay for due to insufficient funds. For example, a person might send a check for a credit card bill but the person’s bank account may not have sufficient balance to pay this amount. To avoid check bouncing, I’ll always try and remember a rough figure of the money in my account. Additionally, wherever possible, I will pay my bill either in cash or by debit card.
Explanation:
PLATO sample answer
A bank monetary base account is managed by a bank or other financial institution wherein the bank records financial transactions with customers.
Bank Account:We pay for all our purchases with a debit card or cash from an ATM. I rarely pay for things with a check. I can take money out of one of my certificates of deposit because I need it in an emergency.
We want to be a physicist and plan to study physics at Harvard University. Although I have two savings deposits and one savings account, I may not have enough money set aside to pay for my tuition. As a result, I'll most likely need to borrow money from my bank for a student loan. My term deposit, on the other hand, has enough cash to cover our everyday needs.The bounced check has been written but cannot be paid because of a lack of money. The person may, for example, submit an account to cover a credit card debt, yet his or her bank account may not have adequate funds to cover the payment. I'll try to remember a rough figure of the money in my account to avoid checks bouncing.I'll also pay my share in cash or through a debit card whenever feasible.Find out more about the bank account here:
brainly.com/question/16953228
"I before E, except after C, or when sounded like A, as in 'neighbor' or 'weigh' is an example of a mnemonic. What memory aid does this mnemonic use?"
A. Emotional connection
B. Visual images
C. Song or rhyme
Answer:
C. Song or rhyme
Explanation:
The memory aid is the testing technique in which the students are able to recall the things by practising them many times
Here in the given situation it is mentioned that I before E exclude C etc is an example of a mnemonic
So this represents the song or rhyme memory aid so that the mnemonic could be used as the following sequence is necessary in this
hence, the correct option is C.
Amy is considering investing in a project that is expected to return $75,000 five years from now. How much is she willing to pay for this investment if she wants a 10% return
Answer:
$46,569.10
Explanation:
The worth of the project today is the present value of the return expected in 5 years using the interest rate of return of 10% as the discount rate as computed below:
PV=FV/(1+r)^n
PV=today's worth of the project which is unknown
FV=future amount expected=$75,000
r=interest rate=10%
n=the time before the return is received=5 years
PV=$75,000/(1+10%)^5
PV=$75,000/(1.1)^5
PV=$75,000/1.61051
PV=$46,569.10
Poland Springs produces a variety of bottled water beverages, and as the market continues to show growth potential for new flavors and varieties of bottled water, the company should ________ its product lines
Answer:
Increase the depth of.
Explanation:
As the above case may be a product line can explain the variety in marketing and selection of a product and any commodity as the case may be and as the said company increases in growth, its product depth line should be increased. Therefore, a product line goal can be to maximize profits by positioning new products with the highest number of features or with the most cutting-edge individual features at the highest price point. And also you’ll be keeping a base product on sale as a lower-priced alternative
One of the benefit of this been set i.e product line; is to let potential customers know the particular product that will tend to fit their capability in many cases as the case may be in product selection.
A__________is a customer benefit package (CBP) feature that departs from the standard CBP and is normally location specific or firm specific.
a. bottleneck
b. peripheral product
c. core product
d. variant
Answer:
d. variant
Explanation:
A variant signifies a set of attributes that is specific to the firm or location in which the firm operates.
For example, a restaurant chain operating for years that decide to entertain its guest with a live band in its new has just added a new variant to its customer benefit package.
What were true about all the states of natures in Decision making under ignorance (hint: how likely was any one of them to happen
Answer: They would be treated equally
Explanation:
States of natures in decision making under ignorance would be treated equally, and as such they would be treated equally.
Your catering business sells luncheons and dinners. Luncheons are $1,000 each, and dinners are $2,000 each. You sold 300 meals in total for revenue of $460,000. How many of each did you sell?
Answer:
140 luncheons, 160 dinners
Explanation:
The number of luncheons and dinners that are sold will be 140 and 160, respectively.
What is the solution to the equation?The allocation of weights to the important variables that produce the calculation's optimum is referred to as a direct consequence.
Your catering business sells luncheons and dinners. Luncheons are $1,000 each, and dinners are $2,000 each. You sold 300 meals in total for a revenue of $460,000.
Let 'x' be the number of Luncheons and 'y' be the number of dinners. Then the equations are given as,
x + y = 300 ...1
1,000x + 2,000y = 460,000 ...2
From equations 1 and 2, then we have
1,000(300 - y) + 2,000y = 460,000
300,000 - 1,000y + 2,000y = 460,000
1,000y = 160,000
y = 160
Then the value of 'x' is given as,
x + 160 = 300
x = 300 - 160
x = 140
The number of luncheons and dinners that are sold will be 140 and 160, respectively.
More about the solution of the equation link is given below.
https://brainly.com/question/545403
#SPJ6
Your goal is to earn an annual salary of $100,000 three years from now. You expect to increase your salary by 6.5 percent annually. How much do you need to earn this year if you are going to reach your goal?
a. $72,988.08
b. $82,784.91
c. $87,878.88
d. $84,363.13
Answer:
$87,878.88
Explanation:
Calculation How much do you need to earn this year
Using this formula
PV = FV/ (1 + r )^n
Where,
FV =Future Value=$100,000
PV = Present Value
r = rate of interest=6.5%
n= no of period=3 years
Let plug in the formula
PV = $100,000 / ((1 + 6.5%)^3)
PV = $82,784.91
Therefore the amount you need to earn this year will be $82,784.91
what has 4 eyes but can't see
the right answer gets brainlist
Answer:
Biscuiiiits
Explanation:
They have four eyes but can't see, I'm so smart ;)
Globalization forces small businesses to compete worldwide. The result of globalization is that operation manager (OM) or owner must do which of the following to stay competitive:
Answer:
- Making sure the cost of their asset management is as low as possible
- Maximize their product delivery
- Making sure that their price of operation is efficient
- making sure price of their product is competitive
Explanation:
Due to globalization, businesses are forced to compete on foreign markets that they might not be familiar with. In such situations, lowering cost of production while maintaining the quality of their products is the best thing that they can do to maintain a healthy profit margin. This can be done by lowering the cost that they need to make maintenance of their assets and minimizing the cost they need to acquire materials.
On top of lowering cost of production, they also need to provide better services and reasonable price range for the costumers. They need to put a good customer service call along with on time delivery to keep customers happy.
What is meant by activity analysis? Give 3 criteria for determining whether an activity adds value.
Answer:
The definition is summarized below and according to the case provided.
Explanation:
The method of trying to break down another operation into comprehensive steps as well as analyzing every other component independently of someone is activity analysis.
The three criteria for deciding not just whether value addition would be an activity or behavior:
The phase must move the product towards the conclusion. The phase without complete redesign should be performed correctly the first time. The clients are concerned and will compensate for the move to be taken.What would the cost of goods sold be if the cost of goods available for sale totaled $650 and the ending inventory total? $86.
564.00
546.00
5.46
50.64
Answer:
4
Explanation:
i need points for my test
Which of the following items are normally classified as current liabilities for a company that has a one-year operating cycle? (You may
select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and
double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be
automatically graded as incorrect.)
Portion of long-term note due in 10 months
Note payable maturing in 2 years.
Note payable due in 18 months.
Accounts payable due in 11 months.
FICA taxes payable.
Salaries payable.
Answer:
Portion of long-term note due in 10 months Accounts payable due in 11 months. FICA taxes payable. Salaries payable.Explanation:
Current Liabilities are those that are to be paid within the operating cycle of a company which in this case is one year.
The current liabilities will therefore be any liabilities maturing or to be paid in a year. That includes the portion of a long term note due in 10 months, accounts payable due in 11 months and FICA taxes and Salaries payable as these should not pass a year to be paid either.
a. Distinguish between physical asset markets and financial asset markets. What’s the difference between spot markets and futures markets?
b. Distinguish between money markets and capital markets. What’s the difference between primary markets and secondary markets?
c. Differentiate between private and public markets. Why are financial markets essential for a healthy economy and economic growth?
Answer:
a. Physical assets are tangible, they can be touched, seen, used. They generally lose value over time because they depreciate. On the other hand, financial assets are intangible, they only exist because documents say so. Their price can change if interest rates change of if market conditions change.
Spot markets are markets where securities, currencies or commodities are traded immediately. While futures markets represent the trading of securities, currencies or commodities at a future date.
b. Money markets are where investors trades short term securities, while capital markets are where stocks, bonds and other long term securities are traded.
Primary markets exist only when securities are issued for the first time, e.g. an IPO. The vast majority of trading occurs in secondary markets since a security can literally be traded hundreds of times and all of these operations, except for the initial issuance, take place in secondary markets.
c. Public markets are all the trading markets where publicly traded corporations exchange or trade securities, and anyone can buy them, e.g. NYSE, NASDAQ, etc. Private markets only involve trading of privately held securities, e.g. stocks of closely held corporations. Only certain investors can trade with private securities, they are not available to the general public.
Financial markets basically receive savings from private households and businesses, and they transfer them (as investments) to other companies that need these resources to operate and grow. There is a direct relationship between healthy financial markets and economic development.
Company acquired land and buildings for $1,000,000. The land is appraised at $450,000 and the buildings are appraised at $800,000. The debits to the Land and Buildings accounts will be:
Answer:
Debit Land for $360,000
Debit Buildings for $640,000
Explanation:
The total acquisition cost has to be allocated based on the appraisal value of each of the Land and Buildings.
Therefore, the amount to be debited to the Land and Buildings accounts can be calculated as follows:
Total acquisition cost = $1,000,000
Land appraisal value = $450,000
Buildings appraisal value = $800,000
Total appraisal value = Land appraisal value + Buildings appraisal value = $450,000 + $800,000 = $1,250,000
Amount allocated to Land = (Land appraisal value / Total appraisal value) * Total acquisition cost = ($450,000 / $1,250,000) * $1,000,000 = $360,000
Amount allocated to Buildings = (Buildings appraisal value / Total appraisal value) * Total acquisition cost = ($800,000 / $1,250,000) * $1,000,000 = $640,000
Therefore, the debits to the Land and Buildings accounts will be the allocated amounts to each as follows:
Debit Land for $360,000
Debit Buildings for $640,000