In this case, the reserve of equipment and produced goods are examples of capacity cushion.
Capacity cushion can be defined as the excess capacity that is available as reserve or retain capacity incase of unexpected increases in demand.
Capacity cushion is important as it enables companies or organization to meet their customers demand in a situation where their is sudden increase in a demand of goods and services.
With Capacity cushion business owners, companies or organization can handle unexpected increases in demand or temporary production losses as their is excess reserve capacity to meet their customers needs.
Inconclusion the reserve of equipment and produced goods are examples of capacity cushion.
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A tire manufacturer produces 400 tires valued at $20 each. Three hundred tires are sold to a tire shop, which then sells them to households for $50 each. The remaining tires are unsold and are added to the tire manufacturer’s inventory. How much is added to GDP? a. $8,000 b. $15,000 c. $13,000 d. $17,000
Answer:
The amount of $15,000 will be added to the GDP.
Explanation:
GDP or gross domestic product can be described as the measure of all final goods and services produced in the geographical boundaries of a nation in a given period, often in a year.
Since, in the calculation of GDP only final goods and services are included,
So, the GDP will increase by total value of final goods produced
Total value of final goods
=Price*quantity of goods
=$50*300
= $15000
Which is likely the most stressful of these jobs?
Warehouse Laborer
Auto Mechanic
Air traffic controller
Amusement park manager
Answer:
air traffic controller I believe
if its wrong i am sorry
Answer:
Air traffic controller
Explanation:
They have to make sure the plane lands at just the right speed and clear the runway and they have to be really good at what they do, otherwise, people could/will die or become injured from crashing. Airplane pilots also have to worry about some of these problems too.
The more elastic the supply and the demand curves are: A. the greater shortage an effective price ceiling will create. B. the smaller surplus an effective price ceiling will create. C. the greater surplus an effective price ceiling will create. D. the smaller shortage an effective price ceiling will create.
Answer:
A. the greater shortage an effective price ceiling will create.
Explanation:
Supply / demand price elasticity measures the sensitivity of supply / demand to changes in the price of the good. Thus, if supply / demand for the good is elastic, it is assumed that slight price changes will drastically affect supply / demand for the good. This means that price changes will cause supply / demand shortages for the good, so that a ceiling price will be set so that demand / supply for the good will be maintained.
A price ceiling is a legal maximum price set below the equilibrium price. The more elastic the supply and demand curves are, the greater the shortage an effective price ceiling will create.
Explanation:A price ceiling is a legal maximum price set below the equilibrium price. When a price ceiling is below the equilibrium price, it creates a shortage because the quantity demanded exceeds the quantity supplied. The more elastic the supply and demand curves are, the greater the shortage an effective price ceiling will create.
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The owner of a store that sells fine-quality fabrics for home seamstresses bemoans the fact that few young women know how to do fine tailoring, much less simple dressmaking. Many potential customers are unable to appreciate the premium quality of the fabrics and are deterred by the high prices, as well as the complexity of fine sewing. In the past, the store had a strong demand for fabrics, large classes for women learning the fine points of sewing, and a reputation for excellent service and technical advice. Now the store is earning lower-than-average returns. This case is an example of?
Answer: This case is an example of core competencies that further have turned into core rigidities.
In this particular case , the store was capable of catering to the demands of the market. Thus providing excellent service and technical advice.
But with the dawn of an era, now the store is earning lower-than-average returns. Also this is to be pondered upon that in current era only few potential customers are able to appreciate the premium quality of the fabrics.
Final answer:
A store owner facing decreased demand for high-quality fabrics and sewing classes exemplifies the impact of technological and economic shifts on traditional tailoring. The cultural move towards mass-produced, simpler clothing designs has reduced the market for intricate sewing skills and fine fabrics, affecting businesses reliant on these crafts.
Explanation:
The store owner's situation is an example of the impact of technological advancements and economic changes on traditional industries such as fine tailoring and dressmaking. With the ready-to-wear industry simplifying the construction of clothing and reducing costs, intricate sewing skills have become less valued and less profitable. As a result, the demand for fine-quality fabrics and the knowledge to work with them has diminished, affecting businesses that relied on consumers' appreciation for and ability to partake in fine tailoring.
The shift away from complex garment construction, which once involved tucks, darts, godets, and complex seams, to simpler designs achieved using knits and spandex has transformed the clothing industry. This leaves the tailor unable to fulfill his wants or profit from the sale of fine clothing. Women who could command higher prices for their skill and taste in occupations such as millinery and dressmaking now face challenges due to a shift in societal needs and the undervaluing of their skills.
In addition, the challenges faced by seamstresses who might lose their jobs due to downsizing in the textile industry highlight the specificity of their skills, which may not easily transfer to other industries. This scenario showcases the larger economic and social transformation brought about by the move towards mass-produced, lower-cost clothing options and how it affects skilled laborers and entrepreneurs in the industry.
Which of these assumptions is often realistic for a firm in the short run? a. The firm can vary both the size of its factory and the number of workers it employs. b. The firm can vary the size of its factory but not the number of workers it employs. c. The firm can vary the number of workers it employs but not the size of its factory. d. The firm can vary neither the size of its factory nor the number of workers it employs.
Answer:
The correct option here is C) the number of workers can be varied but not size of factory.
Explanation:
In the short run it would not be possible to shift or vary the size of factory and even if they try doing that it will talk lot of time and cost , which is in no way beneficial for the firm. But what firm can do is vary the number of workers they employ, like if they want to take advantage of economies of scale , they can do that by assigning less tasks to employees and for that they can make changes in the number of employees as per the requirement.
Final answer:
The most realistic assumption for a firm in the short run is that it can vary the number of workers it employs but not the size of its factory, since fixed inputs cannot be changed over this period.
Explanation:
The question revolves around realistic assumptions for a firm's capacity to adjust inputs in the short run. In economic terms, the short run is a timeframe during which certain inputs are fixed. Consequently, to the question 'Which of these assumptions is often realistic for a firm in the short run?' the most accurate answer is: c. The firm can vary the number of workers it employs but not the size of its factory. This premise aligns with economic theory which postulates that in the short run, a firm can typically adjust its level of variable inputs like labor, but not fixed inputs such as factory size or capital equipment.
Understanding the distinction between the short run and the long run is critical. In the short run, firms cannot change the usage of fixed inputs, while in the long run, adjustments to all factors of production are possible. Reflecting on the concepts of total product and marginal product also offers insight into labor's impact on production before diminishing marginal productivity becomes a factor.
How does depreciation affect the calculation of a project's accounting rate of return (ARR)? A. Depreciation does not affect ARR. B. Depreciation is added to the annual cash inflows. C. Depreciation is only deducted if the ARR is less than the minimum required rate of return. D. Depreciation is deducted from the annual cash inflows.
Answer: Option D
Explanation: ACCOUNTING RATE OF RETURN IS THE RETURN THAT INVESTOR GET IN THE FORM OF AVERAGE NET PROFIT FOR MAKING INVESTMENT IN THE BUSINESS AT FIRST PLACE.
A. Depreciation affect net profit thus it affects ARR.
B. Depreciation is an expenditure, it is the value of a asset that is used, therefore it will be deducted from cash inflows.
C. There is no such rule that depreciation will only be deducted if the ARR is less than the minimum required rate.
D. Depreciation results in lowering of value of assets thus it is deducted from annual cash inflows which results in lowering of profits.
A desktop computer now sells for 15% less than it did last year. the current price is $425. what was the price of the computer last year?
Final answer:
The price of the computer last year was $500.
Explanation:
To find the price of the computer last year, we need to calculate the original price before the 15% reduction. Let's assume the original price is x. 15% less than the original price can be calculated by subtracting 15% of the original price from the original price. This can be expressed as:
x - 0.15x = $425
Simplifying the equation, we get:
0.85x = $425
Dividing both sides of the equation by 0.85:
x = $425 / 0.85
x = $500
Therefore, the price of the computer last year was $500.
Leiff goes online to buy a new video game. He finds a site that currently has a promotion of 15% off on all orders over $50. Leiff decides to buy his video game, with a price tag of $128, at this site because he knows that he will get the 15% discount when he checks out. Leiff pays 5.3% sales tax on the discounted price and pays a shipping fee of $4.75. What is the total of Leiff’s online purchase?
a. $112.84
b. $114.57
c. $118.82
d. $119.32
ANSWER:
d.$119.32
STEP-BY-STEP EXPLANATION:
Leiff goes online to buy a new video game. He finds a site that currently has a promotion of 15% off on all orders over $50. Leiff decides to buy his video game, with a price tag of $128, at this site because he knows that he will get the 15% discount when he checks out. Leiff pays 5.3% sales tax on the discounted price and pays a shipping fee of $4.75.
original price is $128,
to get its discounted price at 15%
Leiff paid for was (100-15) = 85% of the original price
the price of the video game then becomes (0.85 x 128) = $108.80
Leiff has to pay an additional 5.3% of the new price, that's (100 + 5.3) = 105.3% of the new price
which is (1.053 x 108.8) = $114.57
Adding the shipping fee for the videogame, 114.57 + 4.75 = $119.32
Thus, the total price is $119.32
Which of the following best explain why the pain of losing $1,000 exceeds the pleasure of winning $1,000 for risk-averse people? Check all that apply. a. The more wealth that risk-averse people have, the more satisfaction they receive from an additional dollar. b. The more wealth that risk-averse people have, the less satisfaction they receive from an additional dollar. c. Risk-averse people are relatively poor and cannot afford to lose any money. d. Risk-averse people overestimate the probability of losing money.
Answer:
a,c,d
Explanation:
step by step solution
a, c and d best explain why the pain of losing $1,000 exceeds the pleasure of winning $1,000 for risk-averse people.
a. The more wealth that risk-averse people have, the more satisfaction they receive from an additional dollar.
c. Risk-averse people are relatively poor and cannot afford to lose any money.
d. Risk-averse people overestimate the probability of losing money.
What do you mean by risk averse people?A person who invests their money in a bank account with a low but guaranteed interest rate rather than buying stocks, which can fluctuate in price but have the potential to generate considerably larger returns, is an example of risk-averse behavior.
The Big Five personality qualities include extroversion, agreeableness, openness, conscientiousness, and neuroticism. On the plus side, according to Dr. Maier, persons who are risk-averse also tend to be more agreeable and more conscientious.
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Bon Nebo Co. sold 25,000 annual subscriptions of Magazine 2018 for $85 during December 2018. These new subscribers will receive monthly issues, beginning in January 2019. In addition, the business had taxable income of $840,000 during the first calendar quarter of 2019. The federal tax rate is 40%. A quarterly tax payment will be made on April 12, 2019. Prepare the Current Liabilities section of the balance sheet for Bon Nebo Co. on March 31, 20Y9.
Answer:
Current liabilities
2,125,000 unarned revenue
336,000 tax payable
2,461,000 total current liability
Explanation:
taxable income x tax-rate = tax payable
840,000 x .4 = 336,000
subscription x value = unearned revenue
25,000 x 85 = 2,125,000 unearned revenue
This amount will decrease over time, as the customers receive their magazines.
Current liabilities
2,125,000 unarned revenue
336,000 tax payable
2,461,000 total current liability
What is the term for the total number of units that are purchased at that price?
Answer: Quantity demand
Explanation:
Quantity demand is known to be the amount of goods and services which a consumer desire to purchase and pay for at a specified period of time. A consumer must be willing to buy a product during the time it is needed at a price which he or she can pay for it in the market. Thus, as the price of a good rises, consumer will purchase less and as the price of a good falls, consumer will purchase more of the good.
Advanced Printing Systems is a firm in a monopolistically competitive market. If its marginal cost is $18 per unit in the short run, if it is maximizing profits, and if it is selling at the equilibrium quantity, what is its marginal revenue?
Answer: Marginal Revenue = $18 per unit
Explanation:
The profit maximizing condition for a firm in a monopolistic competitive market is at MR = MC.
So, the marginal revenue of the firm is equal to the marginal cost of the firm.
In this question, the firm's marginal cost is $18 per unit in the short run and it is a profit maximizing firm. Thus, its marginal revenue is $18 per unit.
Read the scenario. The citizens of Country D have noticed that the average prices of most goods within their nation have begun to rise. At the same time, employers are not raising wages at the same rate. The combination of these challenges has resulted in a decrease in overall demand, causing a decline in GDP. According to the scenario, what is the greatest economic challenge that Country D is facing? unemployment stagflation high production high wages
Answer:
stagflation
Explanation:
This country is undergoing a process of stagflation, which is the combination of stagnation in economic activity and high inflation. The recipe for stagflation is exactly as described. Decrease in real wages caused by the inflation process and decrease in consumption because agents are becoming poorer and more fearful about the future.
Answer:
B
Explanation:
edge 2020 :)
Suppose a small economy has two income tax rates: 15% for all income up to $50,000 and 30% for any income earned above $50,000. Suppose that prior to the recession, the economy had five workers earning the following salaries: Amy: $20,000 Betty: $40,000 Charlie: $60,000 Dimitry: $80,000 Evelyn: $100,000 The total tax revenue paid by the five workers is _____, and it represents _____ percent of total income. a. $180,000; 18% b. $48,000; 25% c. $98,000; 32.3% d. $58,500; 19.5%
Answer: (a) 58500 and (b) 19.5%
Explanation:
Five workers salaries are as follows:
Amy: $20,000
Betty: $40,000
Charlie: $60,000
Dimitry: $80,000
Evelyn: $100,000
As given in the question that there are different tax slabs for different income level.
slab 1 - 15% for all income up to $50,000
slab 2 - 30% for any income earned above $50,000
Hence,
Tax paid by Amy = 20000 × 15% = $3000
Tax paid by Betty = 40000 × 15% = $6000
Tax paid by charlie = 50000 × 15% + 10000 × 30% = $10500
Tax paid by Dimitry = 50000 × 15% + 30000 × 30% = $16500
Tax paid by Evelyn = 50000 × 15% + 50000 × 30%= $22500
∴ Total tax revenue paid by the five workers = 3000+6000+10500+16500+22500
= 58,500
Tax revenue as percent of total income = [tex]\frac{Total\ tax\ revenue}{Total\ income} \times100[/tex]
= [tex]\frac{58500}{300000} \times100[/tex]
= 19.5%
The total tax revenue paid by the five workers is $58,500, representing 19.5% of total income.
Explanation:To calculate the total tax revenue paid by the five workers, we need to determine the amount of income subject to each tax rate and then calculate the tax owed for each worker.
Amy earns $20,000, which is below the $50,000 threshold. Therefore, her income is subject to the 15% tax rate. She owes $20,000 * 0.15 = $3,000 in taxes.Betty earns $40,000, which is also below the $50,000 threshold. Therefore, her income is subject to the 15% tax rate. She owes $40,000 * 0.15 = $6,000 in taxes.Charlie earns $60,000, which is above the $50,000 threshold. The first $50,000 of his income is subject to the 15% tax rate, so he owes $50,000 * 0.15 = $7,500. The remaining $10,000 of his income is subject to the 30% tax rate, so he owes $10,000 * 0.30 = $3,000. In total, Charlie owes $7,500 + $3,000 = $10,500 in taxes.Dimitry earns $80,000, which is above the $50,000 threshold. He owes $50,000 * 0.15 = $7,500 for the first portion of his income and $30,000 * 0.30 = $9,000 for the remaining portion of his income. In total, Dimitry owes $7,500 + $9,000 = $16,500 in taxes.Evelyn earns $100,000, which is above the $50,000 threshold. She owes $50,000 * 0.15 = $7,500 for the first portion of her income and $50,000 * 0.30 = $15,000 for the remaining portion of her income. In total, Evelyn owes $7,500 + $15,000 = $22,500 in taxes.Therefore, the total tax revenue paid by the five workers is $3,000 + $6,000 + $10,500 + $16,500 + $22,500 = $58,500.
To determine the percentage of total income that the total tax revenue represents, we sum up the incomes of the five workers: $20,000 + $40,000 + $60,000 + $80,000 + $100,000 = $300,000.
The total tax revenue of $58,500 divided by the total income of $300,000 gives us a percentage of 19.5%.
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Erin is a volunteer for the Red Cross and must go door-to-door seeking donations. Her strategy is to ask whoever answers the door for a donation of $50 right off the bat. If they agree, then she follows up with a second request for a $200 donation. She has found that this works better than simply asking for a $200 right away. Which formula sales presentation format does this demonstrate?
A. Door-in-the-face
B. Ingratiation
C. Adaptive selling
D. Need satisfaction
E. Foot-in-the-door
Answer: Foot-in-the-door
Explanation:
A. Door-in-the-face is an approach under which the influencer first ask the respondent for a big request that he will probably decline then go to the small request that he actually wants to get fulfill.
B. The approach under which the influencer tries compliments and flattery on respondent to make him agree.
C. Adaptive selling is an approach in selling under which the salesman adapt his techniques as per the changing conditions.
D. Under need satisfaction the influencer first tries to understand the needs of the respondent and then prepare his pitch as per the observation.
E. Foot-in-the-door is an approach under which the influencer first make the respondent to agree to a small request following which he ask for the big one.
From the above we can conclude that Erin was using Foot-in-the-door.
Which of the following statements is correct?
Industrial capitalism is characterized by pools, trusts, holding companies and an interpenetration of banking, insurance, and industrial interests
Mercantile capitalism emerged in the United States in the period directly following the Civil War
In state welfare capitalism, the government plays an active role in regulating economic activities in an effort to smooth out the boom-and-bust pattern of the business cycle
Financial capitalism is associated with large scale industrial expansion
Answer:
In state welfare capitalism, the government plays an active role in regulating economic activities in an effort to smooth out the boom-and-bust pattern of the business cycle
Explanation:
Nations that adhere to capitalism on the premise of social welfare are characterized by state regulation aimed at protecting the population and ensuring a healthy standard of living. This is especially relevant because it protects citizens from economic instability. Typically, countries where social welfare works, many jobs are public, and the state has several social programs. Examples are Sweden, Norway and Denmark.
José, the sales manager for a software development firm, is working on the problem of increasing sales by using the rational model of decision making. In the first step he identified the problem of his employees needing more training. In the second step he thought of alternative solutions; and in the third step he evaluated alternatives and selected a solution. José needs to _____ in the fourth and final step.
Answer:
Implement the selected alternatives
Explanation:
The decision making process is divided in 4 rational steps:
1. Identify the existing problem: know what is the difficulty that is being presented, it involves all what is being affected.
2. List possible solutions for the existing problem: here the person lookfl for all the possible ways to solve a problem and the different variables that are being affected.
3. evaluate and select the most beneficial alternative: in this step the person foresee the results of each alternative and choose the once that would work in the best way.
4. Implement the alternative that was selected: it implies the work of every person involved in the results, follow the plan and the improvement of the initial problem.
Sometimes it is added a 5th step, the feedback and evaluation of the implemented alternative to know if the problem was fully solved.
Technology Experts is a U.S. company that specializes in IT research. It has formed a joint venture with Processor Inc., a Canadian organization that has a reputation for producing quality PCs. The two companies will work together to market laptops in China, sharing the risks and rewards of starting the new enterprise together. Technology Experts and Processor Inc. are partners in a(n) ___________ .
Answer:
Technology Experts is a U.S. company that specializes in IT research. It has formed a joint venture with Processor Inc., a Canadian organization that has a reputation for producing quality PCs. The two companies will work together to market laptops in China, sharing the risks and rewards of starting the new enterprise together. Technology Experts and Processor Inc. are partners in a strategic alliance.
Explanation:
A strategic alliance is when two or more companies agree to work together in order to achieve common objectives.
If I know I spend $5 on supplies and sell the lemonade at $0.50 per glass, determine the number of glasses I must sell to break even. After you find the number of glasses tell me what the x-intercept, y-intercept and slope represent in the function you determined.
Answer:
10 glasses, X-intercept = 10 , Y-intercept=5 and function Y=5-0.5x
Explanation:
5 = 0.5x
x = 10
the function : Y = 5 - 0.5x
Y-intercept(SET X=0)
Y = 5 - 0.5 (0)
Y = 5
X-intercept(SET Y=0)
(0) = 5 - 0.5x
0.5x = 5
x = 10
Is it better for bondholders when the yield to maturity increases or decreases? Bondholders are better off when the yield to maturity: A. decreases, since this represents an increase in the price of the bond and a decrease in potential capital losses. B. increases, since this represents a decrease in the price of the bond and an increase in potential capital gains. C. decreases, since this represents an increase in the coupon payment and an increase in potential capital gains. D. increases, since this represents a decrease in the bond maturity and a decrease in potential capital losses.
Answer: Bondholders are better off when the yield to maturity: decreases, since this represents an increase in the price of the bond and a decrease in potential capital losses.
Here, the relation is inversely proportional between bondholders welfare and his/her yield to maturity.
Final answer:
Bondholders are better off when the yield to maturity decreases, as this indicates an increase in the price of the bond and a decrease in potential capital losses. The correct option is a.
Explanation:
The question of whether bondholders are better off when the yield to maturity increases or decreases involves understanding the relationship between bond prices, yields, and interest rates. When the yield to maturity on a bond decreases, this generally indicates that the bond's price has increased. This price increase can be due to a drop in market interest rates, which makes the fixed coupon payments of the bond more attractive relative to the new lower rates available in the market. Hence, a decrease in yield to maturity represents an increase in the price of the bond and reduces potential capital losses because the bondholder could sell the bond for a higher price than the purchase price.
Therefore, the correct answer is: A. decreases, since this represents an increase in the price of the bond and a decrease in potential capital losses. The rationale behind this is that bond prices and yields are inversely related, which means as demand for a bond increases due to its relatively higher interest payment in comparison to new bonds issued at the current lower rates, its price goes up, and hence, its yield goes down.
Juan, the owner of Quality Catering, is driven by competition. He is very focused on meeting deadlines and quality, and on delivering the results that customers want. He pushes his managers to continually exceed their productivity goals, and he stresses that profits take precedence over employee development and satisfaction. Juan feels "there is not enough time for training." However, his employees are regularly rewarded for their success in meeting company goals. Quality Catering has a(n) ____ culture.
A.) adhocracy
B.) clan
C.) hierarchy
D.) target-driven
E.) market
Answer: His employees are regularly rewarded for their success in meeting company goals. Quality Catering has a market culture.
Market culture is a type of organizational culture which accentuate on the aggressiveness not only within the administration and market contender but also between worker. The model is assertive, competitive and capitalistic.
Economic stability is defined as the condition in which there is
Answer: gays
Explanation:
How are most of our decisions made? After sober reflection With conscious consideration Slowly and deliberately By balancing rational and non-rational factors Quickly and automatically
Answer:
Through the decision making process
Explanation:
The decision making process is resumed in 5 steps:
- Problem identification: evaluate de situation and define the problem and its details.
- information research: investigate possible causes and different possible actions that may guide to a solution.
- alternatives evaluation: in this point are analyzed the possiblesolutions to the problem to determine the most suitable solution.
- choose decision: select the most suitable solution and apply it as planned.
- evaluation of results: evaluate if the problem was solved and if there is any necessary improvement
Kingston anticipates total sales for June and July of $420,000 and $398,000, respectively. Cash sales are normally 60% of total sales. Of the credit sales, 20% are collected in the same month as the sale, 70% are collected during the first month after the sale, and the remaining 10% are collected in the second month after the sale. Determine the amount of accounts receivable reported on the company’s budgeted balance sheet as of July 31.
Answer:
Accounts Receivable reported on the company’s budgeted balance sheet as of July 31 = $144,160
Explanation:
Credit sales = 40% of Total sales for the month.
Provided the accounts receivable shall be collected as follows:
20% in the same month
70% in next month
10% in the second next month
Now balance outstanding at the end of July of accounts receivable shall be:
Credit Sales for June = $420,000 X 40% = $168,000
Out of which 20% is collected in June itself.
70% in July and only 10% is outstanding = $168,000 X 10% = $16,800
From the sale of July we have
20% paid in the month itself
Remaining 80% is outstanding
Credit sales = $398,000 X 40% = $159,200
Outstanding at month end = $159,200 X 80% = $127,360
Net outstanding at 31 July = $16,800 + $127,360 = $144,160
The amount of accounts receivable reported on Kingston's budgeted balance sheet as of July 31 is calculated by considering the percentage of credit sales and time taken to pay. After calculation, Kingston anticipates reporting $177,760 in accounts receivable as of July 31.
Explanation:To determine the amount of accounts receivable reported on the company’s budgeted balance sheet as of July 31, we need to figure out the uncollected money from credit sales.
The total sales in June and July are $420,000 and $398,000, respectively. First, we find the credit sales which are 40% of the total. For June, it is $168,000 (40% of $420,000). For July, it is $159,200 (40% of $398,000).
Now, let's find the uncollected amounts:
For June's sales, 30% is still uncollected in July (10% to be collected in the second month after the sale). This is $50,400 ($168,000 * 30%). For July's sales, 80% remains uncollected at the end of July (70% for the first month after the sale and 10% for the second month). This is $127,360 ($159,200 * 80%).Adding these, we find that Kingston anticipates reporting $177,760 in accounts receivable as of July 31 ( $50,400 + $127,360 ).
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Estimated Returns Inventory is a. an asset account reported with Inventory on the balance sheet. b. an owner's equity account increasing equity. c. a liability account with a normal credit balance. d. None of these choices, since this account does not exist.
Answer:
a. an asset account reported with Inventory on the balance sheet.
Explanation:
This is because estimated returns inventory is the amount of inventory that will be returned by debtors, on their purchase if they do not find the goods that worthy, or due to some other reasons, based on past experience this is generally an allowance and this is added to inventory balance as this will increase inventory, though generally it is accounted like this but some companies do not tend to make a provision for such inventory and account for at the time when inventory is actually returned.
Final Answer
a. an asset account reported with Inventory on the balance sheet.
Final answer:
Inventory is a key asset in accounting, reported on the balance sheet under assets.
Explanation:
Inventory presents challenges for accounting recognition. It involves estimating the value of inventory assets using methods like FIFO and LIFO. Inventory is reported on the balance sheet under assets.
What snack food was legally barred from calling its product chips?
Answer:
Pringles
Explanation:
Pringles is the snack food that was legally barred from calling its product chips.
They used to be called "Pringles Newfangled Potato Chips".
Many companies were concerned their product was being copied. Therefore, they had to change their name to just ''Pringles''.
Pretzels were barred from calling their product chips.
Explanation:The snack food that was legally barred from calling its product chips is Pretzels.
In 1970, the U.S. Food and Drug Administration (FDA) established a standard of identity for potato chips, which specified that a chip must be made from sliced, fried, and salted potatoes. Since pretzels are not made from potatoes, they cannot be legally called chips.
Therefore, although they may resemble chips in shape and texture, pretzels cannot be marketed as such and must be referred to by their proper name.
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When preparing external financial statements that are in accordance with generally accepted accounting principles, a government is required to prepare A. A comprehensive annual financial reportB. Basic financial statements, management's discussion and analysis, and other required supplementary informationC. Both items A and BD. None of the above
Answer: the correct answer is B. Basic financial statements, management's discussion and analysis, and other required supplementary information.
Explanation:
Option b is very comprehensive of all the generally accepted accounting principles.
Susan threw away in the garbage an old chair that had been in her family for many years by placing it on the curb with the rest of the trash. Alma came by and began to admire the chair. Although the chair was heavy, Alma picked it up and called to a friend saying that she had just found an antique chair. When Susan heard this, she demanded the return of the chair. The chair belongs to:
Answer:
The chair here belong to Alma.
Explanation:
When Susan threw out the chair along with trash, she abandoned it with the motive to get rid of it. Alma found it in an abandoned state and picked it up. Since it was abandoned by Susan and picked by Alma it now belongs to Alma. As in the process of abandoning the chair Susan gave up her property rights or ownership of the chair.
Mary’s hourly wage is twice that of John’s. John’s and Dennis’ hourly wages together total $60. If Dennis earns 1/3 of John’s rate, what does Mary make per hour?
Mary makes $90 per hour, which is twice that of John's hourly rate. We calculate this by first establishing the sum of John's and Dennis's wage as $60 and then determining that Dennis makes 1/3 of John's rate.
Explanation:To find out what Mary makes per hour, we need to establish the relationship between the hourly wages of Mary, John, and Dennis. According to the problem, Mary's hourly wage is twice that of John's. The total of John's and Dennis's hourly wages is $60, and Dennis earns 1/3 of John's rate.
Let's say John earns $x per hour. Then, Dennis's hourly wage would be $x/3, since Dennis earns 1/3 of what John earns. The total hourly wage for both John and Dennis would be $x + $x/3, which is equal to $60.
To find John's rate, we solve the equation:
$x + $x/3 = $60
Multiplying through by 3 to eliminate the fraction, we have:
3$x + $x = $180
4$x = $180
$x = $180 / 4
$x = $45
Since Mary's hourly wage is twice that of John's, Mary earns:
2 x $45 = $90 per hour.
John earns $45 per hour. Mary earns twice that, so Mary earns $90 per hour.
Let's represent John's hourly wage as [tex]\(x\)[/tex]. Then, Mary's hourly wage is [tex]\(2x\)[/tex]. Since Dennis earns [tex]\(1/3\)[/tex] of John's rate, Dennis's hourly wage is [tex]\((1/3)x\)[/tex].
Given that John's and Dennis's hourly wages together total $60, we can write the equation:
[tex]\[x + \frac{1}{3}x = 60\][/tex]
This equation accounts for the sum of John's wage [tex](\(x\))[/tex] and Dennis's wage [tex](\(\frac{1}{3}x\))[/tex], which equals $60.
To solve for [tex]\(x\)[/tex], we first combine the terms:
[tex]\[1x + \frac{1}{3}x = 60\][/tex]
[tex]\[1\frac{1}{3}x = 60\][/tex]
Now, we convert the mixed fraction to an improper fraction:
[tex]\[1\frac{1}{3}x = \frac{4}{3}x\][/tex]
So, the equation becomes:
[tex]\[\frac{4}{3}x = 60\][/tex]
To isolate [tex]\(x\)[/tex], we multiply both sides by [tex]\(\frac{3}{4}\)[/tex]:
[tex]\[x = \frac{60 \times 3}{4}\][/tex]
[tex]\[x = \frac{180}{4}\][/tex]
[tex]\[x = 45\][/tex]
Now, we know that John's hourly wage [tex](\(x\))[/tex] is $45.
Since Mary's hourly wage is twice that of John's, Mary's hourly wage is[tex]\(2 \times 45 = 90\)[/tex].
Therefore, Mary makes $90 per hour.
Assume the City of Tulsa, Oklahoma issued bonds 3 years ago as follows: 8.75% $150 million at 8.75%. The original maturity was 25 years, par value is $1,000, with interest paid annually. The original credit rating was A1/A+ by Moody's and S&P, respectively. If the rating agencies downgrade the credit ratings to A3/A-, investors will want a 9.10% return. What would happen to the price per bond if that happens today? (6 decimal places).
Answer:
The bond will decrease by:
$27.019642
Their market value will be:
$972.980358
Explanation:
The price of the bond will decrease in order to increase the yield of the bond to 9.10%
We will calculate the present value of the annuity using the 9.10 rate compounding semiannually
[tex]C \times \frac{1-(1+r/2)^{-timex2} }{rate/2} = PV\\[/tex]
c= 1000 x 8.75%/2 = 1000 x 0.0875/2 = 43.75
time = 25 years - 3 = 22 years
rate 9.10% = 0.091
[tex]4375 \times \frac{1-(1+0.091/2)^{-22\times2} }{0.091/2} = PV\\[/tex]
PV = 825.798092
Then we calculate the present value of the redem of the bond:
[tex]\frac{Principal}{(1 + rate)^{time} } = PV[/tex]
Face value = 1,000
rate = 0.091
time = 22
[tex]\frac{1,000}{(1 + 0.91)^{22} } = PV[/tex]
PV = 147,182266
We add both to get the current PV at the new yield to maturity
825.798092 + 147,182266 = 972.980358
1000 - 972.980358 = ↓27.019642