Answer:
Cash.........................Dr $2,855
Discount on notes payable $145
Notes payable $3,000
(Notes issued at discount)
Explanation:
Zero interest note, as the name suggests are issued with no interest charged on amount due. As such, notes are issued at a price that is lesser than face value. Difference between face value and present value of note represent discount on notes payable.
Journal entry to record issue of notes payable:
Particulars Debit Credit
Cash $2,855
Discount on notes payable $145
Notes payable $3,000
(Notes issued at discount)
Cash is debited with present value of note of $2,855 as notes are issued less than face value.
Mandy’s Inc. is a well-known supplier of industrial goods. While selling goods, it provides personalized benefits to each customer. It focuses on developing trust over time instead of transacting one-time sales. This is an example of _____ selling.
Answer:
relationship selling
Explanation:
Relationship selling -
It is the sales method , which target on the interaction between the salesperson and the buyer instead of the price of the product , is known as relationship selling .
This sales method is dominantly used by the companies selling the services and good which depends on the repeat business from the customers , like the sectors of music , dance , private sector , insurance policies .
hence , from the question , the example shown in the question is of relationship selling .
When an additional unit of a variable input adds less to total product than the previous unit, the firm has:
diminishing total returns.
diminishing marginal returns and diminishing total returns.
diminishing marginal returns.
increasing returns.
Answer:
The answer is diminishing marginal returns.
Explanation:
Because, each additional unit of a good adds less to utility than the previous.
Final answer:
The firm experiences diminishing marginal returns when an additional unit of input adds less to the total product than the previous unit, due to the fixed nature of other inputs.
Explanation:
When an additional unit of a variable input adds less to the total product than the previous unit, the firm experiences diminishing marginal returns. This concept is part of the law of diminishing returns, which indicates that as more increments of a resource are added to the production of a good or service, the marginal benefit from those additional increments will decline. This occurs due to the utilization of fixed inputs, which means that after a certain point, each additional unit of variable input contributes less to the overall production, leading to a fall in the marginal product. However, diminishing marginal returns should not be confused with diminishing total returns which would mean the total production actually starts to decrease; typically, during the phase of diminishing marginal returns, total production still increases but at a decreasing rate.
Travis bought a share of stock for $31.50, the stock paid a dividend of $0.85, and Travis sold it six months later for $27.65. What were his dollar profit or loss and his holding period return?
Answer:
Dollar profit loss = $3
Holding period return = negative 9%
Explanation:
In order to find the dollar profit or loss return we will add the dividend and selling price because that the dividend plus the selling price is the cash that Travis receives or the positive cash and we will subtract the buying price from it because it is the negative cash flow. So we will add all the positive cash flows and subtract negative cash flow from it in order to find the dollar profit loss or return.
Selling price = 27.65
Dividend = 0.85
Selling price + Dividend= 28.5
Selling price = 31.50
Dollar profit loss or return = 28.50-31.5=-3
Loss= $3
In order to find the holding period return we will divide add the dividend and selling price , subtract buying price from it and then divide it by buying price.
(27.65+0.85-31.5)/31.5= -0.09 = -9%
Holding period return = negative 9%
In the context of informal organizations, which of the following concerns members' subjective reactions to the organization?
A) organizational structure
B) formalization
C) organizational climate
D) centralization
Answer:
A. Organizational Climate.
Explanation:
Organizational climate is basically the key to influences the performance because it has a major impact on job satisfaction and motivate individual employee.
Michael purchased a condominium unit in the Eagle Rock complex. The complex includes a number of common facilities such as an outdoor swimming pool, recreation center, tennis courts, and walking trails. Under the typical condominium arrangement, these common elements are owned bya. a corporation in which Michael and the owners of the other units in the condominium own stock.
b. Michael and the owners of the other units in the condominium in the form of divided interests.
c. the association of homeowners in the condominium.
d. Michael and the owners of the units in the condominium in the form of undivided percentage interest.
Answer:
D) Michael and the owners of the units in the condominium in the form of undivided percentage interest.
Explanation:
A condominium property is a single and individually owned unit within a multi-unit building, e.g. a single apartment in an apartment building. The condominium owner possesses the property title of the unit, and is the joint owner of the common areas, e.g. elevator, halls, stairs, swimming pool, recreation centers, etc. The common areas are defined as the entire residential development, less the individual condominium units. The possessions of the common areas is in the form of undivided percentage interest, so no individual owner can sell or trade his ownership of the common areas.
Final answer:
In a typical condominium arrangement like the Eagle Rock complex, common elements are owned collectively by the unit owners in the form of undivided percentage interest, which is often managed through a homeowners' association. The correct option is d.
Explanation:
Michael purchased a condominium unit in the Eagle Rock complex which includes common facilities such as an outdoor swimming pool, recreation center, tennis courts, and walking trails. Under the typical condominium arrangement, these common elements are owned by Michael and the owners of the other units in the condominium in the form of undivided percentage interest. This means that each condominium owner has a proportional share in the common property, which they manage collectively, often through an association of homeowners. This gives them shared control over the common areas while maintaining individual ownership of their respective units.
Assume Mercy Hospital underestimated the provision for bad debts and contractual adjustments reported on its December 31, 2015 income statement. This was caused by a new accountant calculating the accounts receivable balance at the end of the year. What would be the most likely effect on the actual cash flow stemming from the reported net patient service revenue in the following year?
Answer:
If the hospital underestimated its bad debt, that means that they are overestimating their profits. The cash flow is determined using the income statement, so it will also be overestimated. But at some point reality will catch up and the actual cash flow will be less than expected, since bad debts reduce actual revenue.
Daniel, the owner of D's Inn, wants to graphically represent a comparison of his restaurant's market share with those of the top competitors in the same city. His research findings suggest that D's Inn has the largest market share. In order to present this data most effectively, Daniel should
A. use a line chart instead of a pie chart.
B. use a legend instead of data labels.
C. make sure all segments of the pie chart have equal weight.
D. use a long, descriptive title with at least fifteen words.
E. highlight the focal point using color or labels.
Answer:
E.
Explanation:
Based on the information provided within the question in regards to the situation it can be said that Daniel should highlight the focal point using color or labels. This will allow the viewers to focus on the important aspects or information of the presentation. Which in this scenario would be the market share of his company in comparison to the competitor's
Wrapping paper is extremely fragile and has a demand that spikes dramatically at the end of each year. It is not possible for manufacturers to ramp up and produce exactly what is needed right before demand occurs, so wrapping paper is produced year-round and sent to a storage facility to be stored alongside other items until demand occurs. This technique is:____________
A) postponement warehousing.
B) hub and spoke warehousing.
C) break-bulk warehousing.
D) assortment warehousing.
Answer:
D) assortment warehousing.
Explanation:
Based on the information provided within the question it seems that this technique is called assortment warehousing. These are warehouses specifically designed to house products that are being stored for long periods of time until customer demand for those products rises. Such is the case with wrapping paper since demand is low until the holiday season where it drastically increases.
Which of the following best represents the cash payback formula? A : Cost of Capital Investment ÷ Net Income B : Cost of Capital Investment ÷ Net Annual Cash Flow C : Average Investment ÷ Net Annual Cash Flow D : Average Investment ÷ Net Income
Answer:
B : Cost of Capital Investment ÷ Net Annual Cash Flow
Explanation:
The amount of time a project requires to repay its initial investment is known as the payback period. It is the period a project takes to break-even.
The payback period is a capital budgeting technique used by managers to evaluate the suitability of a proposed project. Projects with a shorter period are preferred as they expose the initial investment for a short time.
In calculating the payback period, one has to consider the initial investments and returns expected per year. Dividing the initial investment by the projected annual net income gives the payback period. The formula provides time in the form of years and months.
Post Properties is a company that manages apartments in various communities. It is concerned with a glut of apartments in Atlanta, Orlando, and Dallas Its market researcher begins by examining the rental markets in the Southeast, the history of apartment buildings, local economies, competitive rents, and ownership–all information that was on hand and did not require any new research to locate. The market researcher looked at:
a. a closed study
b. secondary data
c. primary data
d. a statistical analysis
e. priority databases
Answer:
The correct answer is (B)
Explanation:
There are various types of market researches; secondary, primary, etc. The market researchers looked at secondary data to analyse and forecast the future prices, and all the data the researcher wanted to search was readily available. Specific data that is available without conducted a new market survey or research is called secondary data. Data that is extracted by conducting new market research is called primary data.
What minimum value of ma will keep the system from starting to move?
Answer:
Explanation:
Block on the table m(A) = m1,
block on the cord m2,
the coefficient of static friction is k1=0.4,
the coefficient of kinetic friction is k2 =0.28
(a)
Block A:
T = F(fr) = k1 •N = k(s) • m1 •g,
Block B: T = m2•g.
k1 • m1 •g= m2•g,
m1 = m2/k(s) = m2/0.4.
(b)
Block A:
T = F(fr) = k2 •N = k2 • m1 •g,
Block B:
T = m2•g.
k2• m1 •g= m2•g,
m1 = m2/k2 = m2/0.28.
A product modification differs from a line extension in that _______.
Hey! How are you? My name is Maria, 19 years old. Yesterday broke up with a guy, looking for casual sex.
Write me here and I will give you my phone number - *pofsex.com*
My nickname - Lovely
The main function of –________banks is to accept deposits and then to lend the same money (minus –)___________ back out. Banks make a profit by charging a higher interest rate on – than the interest rate they pay on ___________. Through the loan process, banks are actually able to _______ money.
Commercial banks accept deposits and make loans, earning a profit from the interest rate difference. Through their lending activities, banks have the ability to create money, and the money multiplier effect describes how banks can generate money in the economy based on the reserves they hold.
Explanation:The main function of commercial banks is to accept deposits and then to lend the same money (minus reserves) back out. Banks make a profit by charging a higher interest rate on loans than the interest rate they pay on deposits. Through the loan process, banks are actually able to create money.
Banks obtain funds to lend by attracting depositors, borrowing from larger banks or the central bank, and making investments. A bank's ability to lend money is limited by the amount it must keep in its vault as reserves. Banks run the risk of negative net worth if the value of their assets declines, which can happen due to defaults on loans or rising interest rates leading to an asset-liability time mismatch.
The concept of money creation in banking refers to the process where banks lend out funds deposited with them, which then are re-deposited and lent out again, creating a multiplier effect in the economy. The money multiplier is a formula that quantifies how much money a banking system can create from each unit of bank reserves.
The statement of stockholders' equity reports ______. the changes in each shareholder equity account the revenues and expenses for the period assets, liabilities, and owners' equity for the period the changes to assets over the period
Answer:
Changes that occurred in shareholders' equity during the accounting period
Explanation:
The statement of shareholders' equity states the changes in the shareholders equity status over a specific period of time. The report gives extra data to examine the budget reports with respect to value related movement during a revealing period. The announcement is especially valuable for uncovering stock deals and repurchases by the detailing element; a freely held organisation specifically may take part in these exercises on a continuous basis.
The statement of stockholders' equity details the changes in each equity account over a period, reflecting issued shares, dividends, and earnings. A T-account helps visualize this by separating a company's assets and liabilities, with the equity representing the net worth - the difference between total assets and liabilities.
Explanation:The statement of stockholders' equity reports the changes in each shareholder equity account over a specific period. It showcases how a company's equity changes from the beginning to the end of that period due to various factors such as issued shares, dividends, and earnings. Equity is the monetary value a shareholder effectively holds in a company, after all liabilities have been paid off.
To understand this further, it's essential to consider a T-account, which is a visual representation used in accounting to track the financial position of a company. In a T-account, the left side lists the company's assets - everything that the company owns or is owed to the company, while the right side lists the company's liabilities - everything that the company owes to others, including debts and obligations. The difference between the total assets and total liabilities is known as the net worth or equity, which is also included on the liabilities side to ensure the account is balanced.
A healthy business will typically illustrate a positive net worth, indicating financial stability and that assets exceed liabilities. In contrast, a negative net worth would often signal financial distress, possibly indicative of insolvency or bankruptcy. Understanding these principles is essential for anyone studying finance or working within the field of business.
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Q 13.18: Which of the following statements is correct? A : Service companies prepare budget data using an expected input approach while manufacturers prepare budget data using an expected output approach. B : The budgets of service companies are approved by voters. C : The production budget is derived from the direct materials and direct labor budget. D : In the budget process for not-for-profit organizations, the emphasis is on cash flow rather than on revenue and expenses.
Answer: The correct answer is " D: In the budget process for not-for-profit organizations, the emphasis is on cash flow rather than on revenue and expenses.".
Explanation: The statement "D : In the budget process for not-for-profit organizations, the emphasis is on cash flow rather than on revenue and expenses." is correct because, as they are nonprofit organizations, the goal is not to generate an economic benefit, therefore Focus is placed on cash flow to ensure that the organization will be able to meet its commitments and obligations.
An organization's only sustainable competitive advantage lies in: Group of answer choices
a.The data warehouse.
b.The creation of unrealistic expectations.
c.The employees' knowledge and how they apply that knowledge to business problems.
d.The use of business intelligence.
e.The business processes.
Answer:
The correct answer is (C)
Explanation:
The most significant asset of any organisation are the employees. If employees work hard with full dedication they can help an organisation or a firm to attain competitive advantage. The employees' knowledge and how they apply it in performing business operations are to key to get a competitive edge over the competitors.
King's unlevered cost of equity is 11 percent and its pretax cost of debt is 8 percent. The firm has a debt-equity ratio of .4. If the tax rate is 40 percent, what is King's cost of equity?
Answer:
11.72%
Explanation:
Find levered cost of equity using the formula below;
kL [tex]=kU +(1-tax)\frac{D}{E} (kU-kD)\\ \\[/tex]
whereby;
kU = unlevered cost of equity = 11% or 0.11 as a decimal
kL = levered cost of equity
D/E = debt-equity ratio = 0.4
tax = 40% or 0.40 as a decimal
Next, plug in the numbers to the formula above;
[tex]kL = 0.11 + [(1-0.40)*0.4*(0.11-0.08)]\\ \\ =0.11 + 0.0072\\ \\ =0.1172[/tex]
As a percentage, the King's levered cost of equity is 11.72%
Which of the following is true of flow shop processes? a. They use different sequence of processing steps for different orders. b. They require little or no setup or changeover time. c. They produce low volumes of custom goods and services. d. They are large-scale customized initiatives with wide variations in tasks.
Answer:
The answer is Letter D.
Explanation:
They are large-scale customized initiatives with wide variations in tasks.
Because the process is reapted over and over again. It is always the same process with easier mechanization, higher quantity production, which allows faster continuous improvement.
Flow shop processes involve sequential arrangement of operations, follow the same path for every cycle, and are used in mass production scenarios.
Flow shop processes are characterized by following the same path for every cycle, which means option c is correct. These processes typically involve a sequential arrangement of operations and minimize setup or changeover time, contradicting option b. Flow shop processes are used in mass production scenarios where high volumes of standardized goods are produced efficiently.
Carrigan has just launched his new business. He has great plans for expansion later but for now, the most appropriate and effective product strategy to use in this stage of his small business is the _____ product strategy.
Answer:
one product strategy
Explanation:
Based on the information provided within the question it can be said that the best strategy in this situation would be a one product strategy. This is a business strategy in which the company focuses on a single flagship product and making it sell as much as possible before diversifying into other products. This prevents the company from being overwhelmed with various products and instead allows them to focus and one and grow the product as well as the company.
Jim Hopson is an accountant who works for a number of businesses as a consultant. He has helped to design an accounting system, provides accounting services, and has analyzed the financial strength of many of his clients. Jim is working as a:
a) certified internal auditor.
b) certified management accountant.
c) public accountant.
d) private accountant.
Marsha is single, had gross income of $50,000, and incurred the following expenses: Charitable contribution - $2,000 Taxes and interest on home - 7,000 Legal fees incurred in a tax dispute - 1,000 Medical expenses - 3,000 Penalty on early withdrawal of savings - 250 Her AGI is:
Answer:
Adjusted gross income = $51000
Explanation:
given data
gross income = $50,000
Charitable contribution = $2,000
Taxes and interest = $7,000
Legal fees = $1,000
Medical expenses = $3,000
Penalty = $250
to find out
Adjusted gross income AGI
solution
we get here Adjusted gross income AGI is express as
Adjusted gross income = gross income + Taxes and interest - Charitable contribution - Legal fees - Medical expenses ............................1
put here value we get
Adjusted gross income = $50,000 + $7,000 - $2,000 - $1,000 - $3,000
Adjusted gross income = $51000
The direct write-off method
a. estimates bad debt losses.
b. debits Allowance for Doubtful Accounts to record write-offs of accounts.
c. shows only actual losses from uncollectible accounts receivable.
d. is acceptable for financial reporting purposes.
Answer:
estimates bad debt losses.
Answer:b
Explanation:
Ashley had been frustrated with her new job at Walnut Securities, until she befriended a secretary from another department. Over lunch in the cafeteria, her new friend shared with Ashley the way things really work at Walnut Securities. Ashley has quickly learned that:_________
Answer: Relating with people in her organization that have been there longer than her can help her with her job.
Explanation: When someone is employed newly in an organization, the new employee needs to get some information about their new place of employment. This process of gathering information can be done by asking questions to staffs in the firm there before the new employee.
This step helps to ease the work making a new employee know what to expect in their new firm.
A ceo believes that the company should try to keep the stock price high by manipulating the financial statements to protect its shareholders. Which element of the fraud triangle is discussed here?
Answer: Rationalization
Explanation:
Here in this scenario, the element of fraud triangle that bis being discussed is the rationalization. Fraud triangle defines 3 factors which are mostly responsible and thus further tend to contribute to the increase in risk of a fraud. These are: Opportunity, Incentive, and Rationalization. Rationalization is referred to as the individual’s reason and excuse for committing a fraud.
GEICO has decided that everyone will work in units with people who perform similar jobs. All of the procurement employees work in one department. All of the human resource employees work in one department and all of the printing employees work in the print shop. This type of structure is called_________.
Answer: Departmentalization
Explanation: This is the division of the functions in an organisation into departments.
Each department consist of people that perform the same functions working together. Example, Human Resources Department, Production department, marketing department and so on.
Departmentalization is as a result of the particular function to be carried out by different group of people in an organisation.
The chart compares the price of graphic T-shirts to the quantity demanded. This chart shows the link between________a.interest in a product and the price a consumer pays.b.interest in a product and the price a producer pays.c.amount of a product and the price a consumer pays.d.amount of a product and the price a producer pays.
The chart compares the price of graphic T-shirts to the quantity demanded. This chart shows the link between a.interest in a product and the price a consumer pays
What is the quantity demanded.The law of demand is a basic concept in economics that describes how price and quantity demanded are connected. According to the law of demand, when the price of a product goes up, people want to buy less of it. On the other hand, when a product gets cheaper, people want to buy more of it.
This chart shows how the price of graphic T-shirts impacts how many consumers want to buy them.
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Answer:
A.
Explanation:
A company that has 25,000 shares of $5.00 par value common stock issued and outstanding paid a dividend of $0.40 per share. The market value of the stock is $16 per share. The company's dividend yield is
Answer:
The correct answer is 2.5%.
Explanation:
A company has 25,000 shares.
The par value of the common stock is $5.
The market value of the stock is $16 per share.
The dividend paid is $0.4/share.
The company's dividend yield is
= [tex]\frac{Dividend\ per\ share}{Market\ value\ per\ share}[/tex]
= [tex]\frac{0.4}{16}[/tex]
= 0.025
So, the company's dividend yield is 2.5%.
Strike offers to sell Bailey one thousand shirts for a stated price. The offer declares that shipment will be made by Dependable Truck Line. Bailey replies, "I accept your offer for one thousand shirts at the price quoted. Delivery to be by Yellow express Truck Line." Both Strike and Bailey are merchants. Three weeks later, Strike ships the shirts by Dependable Truck Line, and Bailey refuses to accept delivery. Strike sues for breach of contract. Bailey claims that there never was a contract because his reply, which included a modification of carriers, did not constitute an acceptance. Bailey further claims that even if there had been a contract, Strike would have been in breach because Strike shipped the shirts by Dependable, contrary to the contracts terms. Discuss fully Bailey’s claims.
Answer:
We can assume that both Strike and Bailey are American companies and that they operate in that US under the UCC rules. Under UCC rules they are both considered merchants since they trade with the goods related to the contract. Strike's offer was very precise and Bailey's acceptance was made in a reasonable manner which can be considered a valid acceptance.
The only difference exists with the shipping company, which the UCC rules consider a conflicting term and Strike should have either objected or ratified it before sending the goods. Since Strike didn't object Bailey's terms, then by using a different truck company it is breaching the contract.
In producing product AA, 6,300 pounds of direct materials were used at a cost of $1.10 per pound. The standard was 6,000 pounds at $1.00 per pound. The direct materials quantity variance is:
Answer:
300 A
Explanation:
(SQ - AQ) SP
(6000 - 6300)1
300 A
It means that actual quantity produced is worse than expected quantity.
Which of the following are common trade promotion tools?A. Rebates, discounts, free goods, and allowances.B. Discounts, free goods, coupons, and rebates.C. Rebates, samples, coupons, and price packs.D. Discounts, free goods, allowances, and free advertising specialty items.E. Discounts, free goods, allowances, and price packs
Explanation:
the correct answer is D
discount, free goods, allowance, and Free advertising speciality items
Answer:
D
Explanation: