Balance sheet (A, E) shows investments/financing indirectly and assets/liabilities at a point. Equity statement (C) tracks changes in equity accounts. Cash flow statement (D) details cash in/out for operating, investing, and financing. Income statement (B) excludes financing activities. Choose A, C, D, E. So, the statement B is incorrect.
The following statements are correct:
A. A balance sheet reports on investing and financing activities: While the balance sheet primarily focuses on a company's assets and liabilities at a specific point in time, it also indirectly reflects past investment and financing decisions through the composition of those assets and liabilities.
C. The statement of equity reports on changes in the accounts that make up equity: This statement specifically tracks changes in retained earnings, share capital, and other equity components over a period.
D. The statement of cash flows reports on cash flows from operating, investing, and financing activities over a period of time: This statement provides detailed information on the sources and uses of cash during a specific period, categorized by operating, investing, and financing activities.
E. A balance sheet reports on a company's assets and liabilities over a period of time: As mentioned earlier, the balance sheet captures a snapshot of a company's financial position at a specific point in time, showcasing its assets (what it owns) and liabilities (what it owes).
Therefore, the correct answers are A, C, D, and E.
Statement B is incorrect: An income statement primarily focuses on a company's revenues and expenses during a specific period, reflecting operating performance and profitability. It does not directly report on financing activities.
Q- Which of the following statements are correct (Select all that apply): Select one or more: A. A balance sheet reports on investing and financing activities. B. An income statement reports on financing activities. C. The statement of equity reports on changes in the accounts that make up equity. D. The statement of cash flows reports on cash flows from operating, investing, and financing activities over a period of time. E. A balance sheet reports on a company's assets and liabilities over a period of time.
Which is most true of an annual rate of 4% compounded quarterly? A) It is equivalent to 4.4% paid annually. B) It is equivalent to 16.99% paid annually. C) It is equivalent to 1% simple interest paid quarterly D) It is equivalent to 4.06% paid annually. Answer: D
Answer:
D) It is equivalent to 4.06% paid annually
Explanation:
Since it is not talking about annuity and simple compound interest, therefore assuming investment value = $100 then interest will be as follows:
Interest for each quarter = [tex]\frac{4}{100} \times \frac{3}{12}[/tex] = 1%
But this 1% will be paid on the compounded value
Interest at end of Quarter 1 = $100 X 1% = $1
Compounded value at end of Quarter 1 = $100 + $1 = $101
Interest at end of Quarter 2 = $101 X 1% = $1.01
Compounded value at end of Quarter 2 = $101 + $1.01 = $102.01
Interest at end of Quarter 3 = $102.01 X 1% = $1.0201
Compounded value at end of Quarter 3 = $102.01 + $1.0201 = $103.0301
Interest at end of Quarter 4 = $103.0301 X 1% = $1.030301
Compounded value at end of Quarter 4 = $103.0301 + $1.030301 = $104.060401
Now net return annually = $4.060401/$100 = 4.06%
Final Answer
D) It is equivalent to 4.06% paid annually
Which statement below best describes George Waring's approach to solving the problems of water-borne illness? a. Waring is going with his "gut," because he believes that instincts and emotions are the best guides for action. b. Waring efficiently and thoroughly lays out the case for why the problems are too large and overwhelming to be solved: people should just move out of cities back to their farms. c. Waring has gathered the testimonies of people who live in densely populated areas in order to learn how they themselves have solved their problems. d. Waring exhibits the Industrial Age's increased respect for and reliance on science and the scientific method.
Answer:
Waring exhibits the Industrial Age's increased respect for and reliance on science and the scientific method. -d.
Answer:
d. Waring exhibits the Industrial Age's increased respect for and reliance on science and the scientific method.
Explanation:
A particularly dire situation arose in Memphis, Tennessee, by the late 1870s, after outbreaks of cholera (1873) and yellow fever (1878 and 1879) killed more than 10,000 people. Memphis’ troubles drew the sympathy of the nation, and helps to drive the creation of the National Board of Health, which sent George A. Waring, Jr. to Memphis after the 1878 yellow fever epidemic.
George A. Waring Jr. A native of Pound Ridge, New York, had developed his skills as an agricultural and drainage engineer for New York City’s Central Park beginning in 1857. He was commissioned as a major in the Union Army during the Civil War and rose to attain the rank of colonel. In the years following the war, Waring managed Ogden Farm in Rhode Island before devoting himself full-time to drainage engineering. In Memphis, during the period of the water borne disease,
The method and approach Waring used exhibits the Industrial Age's increased respect for and reliance on science and the scientific method because Waring designed a new system that separated sewage from regular storm water runoff, a scientific innovation that before then had not been implemented on a large scale in the United States. The system became the basis for that of many other communities around the country, earning Waring a national reputation.
Many critics argue that government efforts to regulate industries have caused which of the following?
collusion
inefficiencies
insufficient supply
predatory pricing
Answer:
inefficiencies
Explanation:
The competitive market is characterized by competition between companies for market share according to sales price. This is beneficial to the consumer, who will pay a lower price. The government acts as a market regulator to curb collusion and to ensure the origin and quality of products.
Critics of regulation complain that regulation removes market efficiency mechanisms, as companies have to comply with a series of regulatory criteria that raise production and marketing costs, which makes markets less efficient. This is a fragile argument, as history is full of cases of collusion and abusive practices that harm consumers. Regulation is necessary for companies to be compelled to always act in an appropriate manner. An example of the importance of regulation is the requirement for nutritional composition on food labels so that consumers have the information about what they are consuming.
There has been very little interest in the Bowers’ home this past week. What should agent Phil do?
a. Wait until next week to send an activity report, hoping things will pick up.
b. Suggest to the sellers that their listing price is too high.
c. Make up some statistics to share with the Bowers.
d. Send the weekly report as usual, emphasizing what your upcoming plans are for the week.
Answer: Option D
Explanation:
A. Phil should not wait until next week to send the activity report as Mr. Brown should be made aware of the status frequently.
B. Suggesting seller that price is too high just on the basis of one week time period will not be a fair judgment.
C. Sharing statistics with dull performance might result in losing the client.
D. Mr. Brown should be made aware of the plans that Phil have for the future period as it might bring insight to the client that the broker haven't gave up yet.
A government agency that promotes competition in the marketplace is the
Answer: Federal Trade Commission (FTC)
Explanation:
Federal Trade Commission (FTC) was established by the US federal government in 1914 to safeguard consumers and businesses. It was created to promote healthy competition among businesses in the marketplace by putting a stop to anticompetitive practices. It also keeps consumers safe against illegal business transaction by providing information to them about how to recognise and avoid fraudulent business deals. Thus, Federal Trade Commission (FTC) educates consumers and businesses through the establishment of programs which are educative and beneficial to them.
Which of the following statements is FALSE of the dividend-discount model?
A. We cannot use the dividend-discount model to value the stock of a firm with rapid or changing growth.
B. The simplest forecast for the firm's future dividends states that they will grow at a constant rate, i.e., forever.
C. As firms mature, their growth slows to rates more typical of established companies.
D. The dividend-discount model values the stock based on a forecast of the future dividends paid to shareholders.
Answer: The following statements is false of the dividend-discount model: We cannot use the dividend-discount model to value the stock of a firm with rapid or changing growth.
The model is a technique of evaluating a institution stock price i.e. there on the concept that the organizations stock is equal to the total of all of its dividend payments. It is used to evaluate stocks based on the NPV of the dividends.
Every year since 2010 Jersey Mike's has hosted an annual one-day-event where 100% of their sales are donated to a charity of the store owner's choice. In 2016, 180+ charities were supported nationwide by raising more than $4 million from the sales of the store's 1,500 locations. These events that Jersey Mike's funds every year are best described as which of the following?(A) Cause Marketing (B) Direct Selling. (C) Cobranding and Affinity Marketing (D) Point-of-Purchase Marketing
Answer: Option A
Explanation: Cause marketing is the method of fulfilling corporate social responsibility by the organisation under this approach a campaign is initiated for the dual purpose of increasing profitability and social welfare.
In the given case Jersey mike's one day event profit distribution will result in social welfare to the charities fulfilling the corporate social responsibility and it will boost the image of the company in the society resulting in a higher and strong customer base which will further result in higher profits.
Final answer:
Jersey Mike's annual event where sales are donated to charity is an example of (A) Cause Marketing, where companies support a charitable cause while promoting their products.
Explanation:
The events that Jersey Mike's funds each year, where 100% of their sales are donated to a charity, are best described as (A) Cause Marketing. This type of marketing involves a corporation associating the sales of its products or services with a charitable cause. An example of cause marketing is the famous Red campaign or the pink ribbon symbol for breast cancer awareness, where corporations donate a portion of their profits from specific products to related charities. With Jersey Mike's annual event supporting various charities, they promote awareness and raise funds while also marketing their brand.
Andrews Company accepted a note receivable from a credit customer who failed to pay their $2,000 Accounts Receivable balance. The customer signed a promissory note which was accepted for 9 months at 5% interest. At the end of the 9 months, the customer does not pay, so it becomes a dishonored note receivable.
Answer:
First.At the time of delivery of the document, the company must cancel the customer's debt and register the document to charge more interest.( 2.000 x 0.05 = 100)
Notes receivable 2.100
interest to accrue 100
accounts receivable 2.000
Second. Then at the time of payment the client does not pay. The company must cancel the document and interests and according to its criteria, it can register an asset (1), a doubtful credit provision (2) or a loss (3) for this credit.
Notes receivable 2.100
interest to accrue 100
(1)accounts receivable 2.000
(2)provisions on doubtful debts
(3)bad debts
Let’s suppose that a lender has established a 90% loan-to-value ratio cutoff as one of its primary underwriting criteria. If a borrower is willing to make a down payment of $125,000 on a home recently appraised at $550,000, what best describes the lender’s decision on whether or not to approve the loan along this dimension?
Answer:
77.27% or
(17/22)%
The loan will accepted
Explanation:
property value 550,000
haircut 125,000
550,000 - 125,00 = 425,000 mortage value
425,000/550,000 = 77.27% = (17/22)%
The ratio is below the cutoff, so it is within the boundaries the lender expect. The loan will be given.
The value of money falls as the price level a. falls, because the number of dollars needed to buy a representative basket of goods falls. b. rises, because the number of dollars needed to buy a representative basket of goods rises. c. falls, because the number of dollars needed to buy a representative basket of goods rises. d. rises, because the number of dollars needed to buy a representative basket of goods falls.
The value of money decreases when price levels rise, as more dollars are needed to buy the same goods- this is associated with inflation and fall in purchasing power.
Explanation:The value of money falls as the price level b. rises, because the number of dollars needed to buy a representative basket of goods rises. This concept is directly related to purchasing power and inflation. Inflation is a scenario where the price level of goods and services increases over a period of time. When the price level rises, more dollars are needed to buy the same goods and services, which implies the value of money, or purchasing power, has fallen.
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Select the FALSE statement from below: A. The National Response Framework explains how, at all levels, the nation effectively manages all-hazards response. B. The National Response Framework describes specific authorities. C. The National Response Framework mandates that the private-sector entities responsible for critical infrastructure and key resources develop and exercise contingency plans. D. The National Response Framework describes best practices for managing all types of disasters and emergencies.
Answer: The Statement A. is FALSE.
Explanation: The National Response Framework explains how, at all levels, the nation effectively manages the all-hazards response, is the FALSE statement.
The United States National Response Framework is essential to the National National Security Strategy, it helps to give all domestic response partners a response to disasters and emergencies.
Answer:
A) The National Response Framework explains how, at all levels, the nation effectively manages all-hazards response.
Explanation:
The National Response Framework (NRF) is a guide to how the government should prepare and respond to terrorist attacks, natural disasters and emergency situations. It was developed based on the NIMS concepts. The NRF started to be developed in the aftermath of the 9-11 terrorist attacks and was finished by January 2005.
In a negligence action in a jurisdiction that had adopted comparative negligence, a jury rendered a verdict that the plaintiff suffered $90,000 in damages and was 10 percent at fault. The plaintiff’s attorney had presented evidence and argued in his closing argument that the plaintiff’s damages were $100,000. Immediately after the verdict, the plaintiff, with permission from the court, discussed the case with all six of the jurors together before they left the courtroom. The plaintiff discovered that each of the jurors thought, contrary to the court’s instructions, that the damage amount was the amount that the plaintiff would receive, rather than the amount from which 10 percent would be deducted. The plaintiff seeks to offer testimony from each juror to that effect in order to increase the amount of the verdict to $100,000. Is the testimony of the jurors admissible?A. Yes, because a mistake was made by the jury in rendering its verdict.B. Yes, because the jury misunderstanding was related to the applicable law, rather than the facts.C. No, because a juror cannot be questioned about a verdict in the presence of the other jurors.D. No, because a juror cannot testify as to any juror’s mental processes concerning a verdict.
Answer: The testimony of the jurors is not admissible, because a juror cannot testify as to any juror’s mental processes concerning a verdict.
Juror needs to follow a basic rule i.e. he/she can't impeach their own verdict. He/she cannot take the stand due to the mental activity that he/she or other juror used in concluding a verdict..
The manager of a sales group has presented the weekly target on the number of sales her group must achieve. For this particular target to be achieved, she decides to reward the members of her group solely based on the number of sales each member makes. The type of task dependency that will exist in this case is
A) pooled task interdependency
B) simultaneous task interdependency
C) reciprocal task interdependency
D) sequential task interdependency
E) orded task interdependency
Answer: The type of task dependency that will exist in this case is "Pooled Task Interdependence. "
Here the Manager settles to reward the member of her group, it can be further interpreted that its a pool task interdependence as here the member make specific independent contribution towards the group performance increasing client welfare. In this type of interdependence, each organization executes separate role.
Which of the following is an example of part-time business? a. Tabatha, who works from home for a fashion website for a minimum of 40 hours a week b. Raul, who works as an intern in a law firm for more than 35 hours a week c. Dorothy, who works in her small bakery for less than 30 hours a week d. Joshua, who teaches piano to children for 40 hours a week
Answer: The answer is C. Dorothy, who works in her small bakery for less than 30 hours a week.
Explanation: A part-time business can't exceed 35 hours a week.
Answer:
The correct answer would be option C, Dorothy, who works in her small bakery for less than 30 hours a week.
Explanation:
A part time business is a job which a person does as a side business. He does not give full time to do this business. A full time business is something when you give this business more than 35 hours of your weekly schedule. If you give less than this, it would be considered as a part time work. So in this question, Dorothy is doing her bakery business as a part time business because she spends less than 30 hours in her small bakery.
Sebastian decides to open a tree farm. When deciding to open his own business, he turned down two separate job offers of $25,000 and $30,000 and withdrew $20,000 from his savings. Sebastian’s savings account paid 3 percent interest. He also borrowed $20,000 from his brother, whom he pays 2 percent interest per year. He spent $15,000 to purchase supplies and earned $50,000 in revenue during his first year. Which of the following statements is correct?a. Sebastian’s economic profit is $16,000, and his accounting profit is $14,600.b. Sebastian’s economic profit is $4,600, and his accounting profit is $35,000.c. Sebastian’s economic profit is $4,000, and his accounting profit is $34,600.d. Sebastian’s economic profit is $16,000, and his accounting profit is $34,600.
Answer:
c. Sebastian’s economic profit is $4,000, and his accounting profit is $34,600
Explanation:
Note: Accounting profit is actual profit earned
Here, revenue = $50,000
Expense = $15,000 + $interest cost paid on loan
= $15,000 + $20,000 X 2% = $15,000 + $400 = $15,400
Accounting profit = $50,000 - $15,400 = $34,600
Economic Profit = Accounting profit - Opportunity cost
Opportunity cost is the second best opportunity foregone, for choosing the current option.
Here best opportunity foregone = $30,000 to be earned on job.
Now also interest foregone in addition to the above = $20,000 X 3% = $600
Total opportunity cost = $30,000 +$600 = $30,600
Thus Economic Profit = $34,600 (Accounting Profit) - $30,600 (Opportunity Cost)
= $4,000
Final Answer
c. Sebastian’s economic profit is $4,000, and his accounting profit is $34,600
Sebastian's accounting profit is $34,600 after subtracting explicit costs from revenue. His economic profit, which also accounts for opportunity costs like forgone salary and interest, is $4,000.
Explanation:To calculate Sebastian’s economic profit and accounting profit, we must consider both explicit and implicit costs. Accounting profit is calculated by subtracting explicit costs from total revenue, whereas economic profit also subtracts opportunity costs, which include forgone income and interest.
Sebastian’s accounting profit is calculated as follows:
Total Revenue: $50,000Explicit Costs (Supplies): $15,000Interest on Borrowed Money: $400 (2% of $20,000)Total Explicit Costs: $15,400Accounting Profit: $50,000 - $15,400 = $34,600For the economic profit, we consider opportunity costs:
Forgone Salary (Opportunity Cost): $30,000 (the higher of the two job offers)Interest Forgone on Savings: $600 (3% of $20,000)Total Opportunity Costs: $30,600Economic Profit: $34,600 (Accounting Profit) - $30,600 (Opportunity Costs) = $4,000Therefore, the correct statement is:
c. Sebastian’s economic profit is $4,000, and his accounting profit is $34,600.
The given treasury bill was sold in april of this year. find (i) the price of the t-bill, and (ii) the actual interest rate paid by the treasury. round dollar amounts to the nearest cent and interest rates to the nearest thousandth. six-month $17,000 t-bill with discount rate 0.130%
The bond's price will be lower than its face value when its interest rate is below the market rate; the price is determined by discounting future payments at the current market rate, resulting in a maximum price equal to an alternative investment that provides the same future value.
Explanation:When a bond's interest rate is less than the market interest rate, the bond's price tends to be lower than its face value. To calculate the price of a bond in such a scenario, we use present value calculation methodologies that discount the bond's expected future payments at the current market interest rate. In the instance where a bond with expected payments of $1,080 (including final interest payment and principal repayment) one year from now, and market interest rates are at 12%, we could use an alternative investment to receive $1,080 after one year by investing $964 now (since $964 × (1 + 0.12) = $1,080). Therefore, in a competitive market, an investor would not pay more than $964 for the bond to earn the equivalent return as the alternative investment.
Suppose John Q. Worker is currently unemployed. Each day, John Q. Worker spends the entire day searching available job openings for an appropriate position given his set of skills, abilities, and interests. If someone asks John Q. what he does for work, he tells them that he is currently "in-between jobs." Which of the following best classifies John Q.'s unemployment status?Seasonally unemployedFrictionally unemployedStructurally unemployedCyclically unemployed
Answer:
John Q worker is frictionally unemployed.
Explanation:
Frictional unemployment arises when a worker is shifting from one job to another. It arises from labor market turnover when economy is unstable. It exists when a worker is unemployed but is shifting to another work. It is part of natural unemployment and is short term.
Frictional unemployment generally arises because of two factors
1. mismatch between workers and jobs
2. workers' dissatisfaction with their jobs.
One of the reasons why the AD curve slopes downward is that as theA. Price level rises, purchasing power rises.B. Price level falls, purchasing power rises.C. Nation's income level rises, purchasing power rises.D. Nation's income level rises, purchasing power falls.E. This is a trick question, because the curve is upward sloping.
Answer: Option (B) is correct.
Explanation:
If the price of a commodity decreases, as a result purchasing power of a consumer increases. This is one of the reasons why the AD curve slopes downward.
Suppose there is a fall in the price of a commodity, this will increase the demand for that commodity as well as the purchasing power of the consumer.
Because with a lower price of the commodity, individuals can buy more quantity of goods with the same level of income.
The AD curve, or Aggregate Demand curve, slopes downward Price level falls, purchasing power rises
Explanation:The correct answer to your question is B. Price level falls, purchasing power rises. In economics, the AD curve, or Aggregate Demand curve, slopes downward. This occurs due to the wealth effect, which suggests that as price levels decrease, the real value or purchasing power of money held by consumers increases, leading to increased consumption, and thereby increasing aggregate demand.
Simply stated, when the price levels fall, consumers are able to buy more goods and services with the same amount of money. This means the purchasing power increases as they can now afford more things than they could before.
It's important to note that other elements such as interest rates and the exchange rate effect also play a role in the downward slope of the AD curve, but purchasing power is one of the key factors.
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At a specific point on the demand curve for backpacks, the elasticity of demand is calculated to be -0.5.a. At that point, we would describe demand as ( inelastic / elastic / unit elastic / fully supplied ).b. If the price of backpacks fell by 10%, the quantity demanded would rise by (10% /5% / 50% / 0% ) and revenue for the backpack industry would ( fall / rise) remain the same .c. If the price of backpacks rose by 20% the quantity demanded would fall by ( 20% / 10% / 25% / 40%) and revenue for the backpack industry would ( fall / rise) remain the same
Answer:
Inelastic; 5%; fall; 10%; rise
Explanation:
Price elasticity of demand is always negative for normal goods. This happens because of the law of demand, that demand falls with rise in price.
Price elasticity between 0 and 1 shows inelastic demand.
This means that there is smaller change in demand due to a greater change in price level.
Price elasticity of demand is -0.5.
If the price falls by 10%, demand will increase by 5%.
The revenue will fall, because of greater fall in price.
If the price increases by 20%, demand will fall by 10%.
Revenue will increase because of greater increase in price.
Answer: A. Elastic , B. 5% Rise , C. 10% fall
Explanation:
the price elasticity for a normal good is negative. wen price increases demand decreases.
demand is elastic a change in price will cause a change in demand
a 10% decrease in in the price of backpacks will cause a 5% increase in demand and the revenue will rise.
a 20% increase in the price will cause a 10% decrease/fall in demand and revenue will fall
workings
change in demand when price decrease by 10% = -0.5(-10%) = 5%
change in demand when price increase by 20% = -0.5(20) = 10%
Which statement is true? A. Bonds are generally called at par value.B. A current list of all bondholders is maintained whenever a firm issues bearer bonds. C. An indenture is a contract between a bond's issuer and its holders. D. Collateralized bonds are called debentures. E. A bondholder has the right to determine when his or her bond is called.
Answer: Option C
Explanation:
A. Bonds can be called at discount or premium depending upon the interest rate availing in market and the coupon interest rate.
B. In case of bearer bonds no transactions and ownership records are maintained.
C. Indenture is the contract between issuer and holder specifying the duties and obligations of issuer and the rights of holders.
D. Collateralized bonds are backed by a pool of assets while debentures are unsecured bonds .
E. A bondholder can have the right to determine it only when he have the put option with him otherwise the right to call bond lies with the issuer.
In the open-economy macroeconomic model, if a country’s supply of loanable funds shifts right, then
a. net capital outflow rises, so the exchange rate falls.
b. net capital outflow rises, so the exchange rate rises.
c. net capital outflow falls, so the exchange rate falls.
d. net capital outflow falls, so the exchange rate rises.
Answer:
According to the situation given in the question, if a country's supply of loan able funds shift rights , then A) the net capital outflow will increase and so the exchange rate will fall.
Explanation:
According to the situation given in the question , the supply of funds available for loan, depends upon the national savings, so if there is high amounts of national savings available it means the funds are available for the borrowers, who are in need of funds for their investment projects. And the demand for funds available for loan comes from the domestic investment and net capital outflow.
If the supply of funds are high in the economy then obviously the interest rate will also come down and the net capital outflow will be more.
Central Supply purchased a new printer for $67,500. The printer is expected to operate for nine (9) years, after which it will be sold for salvage value (estimated to be $6,750). How much is the first year’s depreciation expense if the company uses the double-declining-balance method?
To calculate the first year's depreciation expense using the double-declining-balance method, double the straight-line depreciation rate and apply it to the printer's initial cost. For the printer worth $67,500, with a 9-year life and $6,750 salvage value, the first year's depreciation is $15,000.
Explanation:The double-declining-balance method of depreciation is an accelerated depreciation method that doubles the book value of an asset's depreciation rate. To calculate the first year's depreciation expense for the printer that Central Supply purchased for $67,500 with a salvage value of $6,750 and a useful life of 9 years, follow these steps:
Determine the straight-line depreciation rate by dividing 1 by the useful life of the asset, which is 1/9 or approximately 11.11% per year.Double the straight-line rate to get the double-declining rate, which is 11.11% * 2 = 22.22%.Apply the double-declining rate to the book value of the asset (purchase price - accumulated depreciation). For the first year, the book value is $67,500, as there is no prior depreciation. So, the first year's depreciation expense is 22.22% of $67,500, which equals $15,000.This means the first year's depreciation expense using the double-declining-balance method for the printer is $15,000.
To calculate the first year's depreciation expense using the double-declining-balance method, double the straight-line depreciation rate and apply it to the printer's initial cost. For the printer worth $67,500, with a 9-year life and $6,750 salvage value, the first year's depreciation is $15,000.
Explanation:The double-declining-balance method of depreciation is an accelerated depreciation method that doubles the book value of an asset's depreciation rate. To calculate the first year's depreciation expense for the printer that Central Supply purchased for $67,500 with a salvage value of $6,750 and a useful life of 9 years, follow these steps:
Determine the straight-line depreciation rate by dividing 1 by the useful life of the asset, which is 1/9 or approximately 11.11% per year.Double the straight-line rate to get the double-declining rate, which is 11.11% * 2 = 22.22%.Apply the double-declining rate to the book value of the asset (purchase price - accumulated depreciation). For the first year, the book value is $67,500, as there is no prior depreciation. So, the first year's depreciation expense is 22.22% of $67,500, which equals $15,000.This means the first year's depreciation expense using the double-declining-balance method for the printer is $15,000.
Sebastian decides to open a tree farm. When deciding to open his own business, he turned down two separate job offers of $25,000 and $30,000 and withdrew $20,000 from his savings. Sebastian’s savings account paid 3 percent interest. He also borrowed $20,000 from his brother, whom he pays 2 percent interest per year. He spent $15,000 to purchase supplies and earned $50,000 in revenue during his first year. Which of the following statements is correct?
$30,600
$55,600
$50,000
$75,600
Answer:
the opportunity cost will be $30,600
Explanation:
Investment 40,000
50,000 revenue
(15,000) supplies cost
35,000 operating income
(400) interest expense 20,000 x 2%
34,600 net income
Opportuniy Cost:
30,000 (he would just take one job, so we must use the higher value)
600 interest revenue of the saving 20,000 x 3%
30,600
Economic gain 4,000
Please help will give brainliest
Which career would benefit from an apprenticeship?
Art Direction
Visual Arts
Telecommunications
Broadcasting
Answer:
Art Direction - first choice
Answer:
Art Direction
Explanation:
Art Direction is the career that would benefit from an apprenticeship.
The supply curve and the demand curve for widgets are straight lines. Suppose the equilibrium quantity in the market for widgets is 200 per month when there is no tax. Then a tax of $5 per widget is imposed. The price paid by buyers increase by $2 and the after-tax price received by sellers falls by $3. The government is able to raise $750 per month in revenue from the tax. The deadweight loss from the tax is…
Answer: Dead weight loss=[tex]\frac{1}{2}\times(5)\times(50)[/tex]=$ 125.
Explanation:
Dead weight loss from the tax= [tex]\frac{1}{2}\times(P_{2} - P_{1})\times(Q_{0} - Q_{1})[/tex]
where
[tex](P_{2} - P_{1})[/tex]= Amount of tax imposed per unit.
[tex]Q_{0}[/tex] = Quantity demanded before tax
[tex]Q_{0}[/tex] = Quantity demanded after tax
∵ [tex](P_{2} - P_{1})[/tex] =$5
[tex]Q_{0}[/tex] = $ 200.
[tex]Q_{1}[/tex] is computed as: [tex]\frac{total tax raised}{tax per unit}[/tex]
=[tex]\frac{750}{5}[/tex]
=$150.
∴ Dead weight loss=[tex]\frac{1}{2}\times(5)\times(50)[/tex]=$ 125.
The deadweight loss from the tax is the reduction in economic welfare as a result of fewer transactions occurring due to the tax, but the question lacks specific data to calculate the exact amount. We know that the government's tax revenue is $750 per month, indicating 150 widgets are sold after the tax. However, to find the deadweight loss, information on the changes in surplus and the specific quantity reduction is needed.
Explanation:The concept in question deals with the economic impact of taxes, focusing specifically on how a tax affects market equilibrium and the distribution of the tax burden between buyers and sellers. When a tax is imposed on widgets, it creates a wedge between the price consumers pay (Pc) and the price sellers receive (Pp). The deadweight loss refers to the reduction in total surplus resulting from the tax, which is the result of a decline in transactions in the taxed market.
The government raises revenue from the tax, but at the same time, the tax causes a deadweight loss by discouraging mutually beneficial trades that would have occurred without the tax. The quantity of widgets sold decreases, and the tax revenue is represented by the shaded area in the supply and demand diagram, calculated by multiplying the tax per unit by the quantity sold after the tax is applied.
To find the deadweight loss, we need to look at the change in surplus for both consumers and producers that results from the tax. Unfortunately, the question does not provide enough information to directly compute the deadweight loss, as information about the shapes or slopes of the supply and demand curves and the precise change in quantity sold due to the tax is necessary. However, we know that the government revenue is $750, which means that the quantity sold at the tax rate of $5 per widget is 150 widgets (since $750 divided by $5 equals 150).
what are some things that allow people to communicate without having to be in the same area (economics)
Explanation:
Science has made huge progress in every field. If we talk about the ways of communication between people who are not in the same area, it was considered insane few years back; but now this is a reality that people who are not at the same place can communicate with each other just like they are sitting in front of each other.
There are different methods or ways through which people who are not at the same place can communication easily.
The most simplest and conventional method is the use of Telephone. But now, with the progress in Technology and with the use of Internet, there are a lot of communication devices that uses different apps to talk to each other. They are used to talk either through the audio or with the Video as well. Using your mobile phone, or laptops, or other communication gadgets, you can even see the other person while talking to him. So Telephones, Telegraphs, Internet, Cell phones, etc are used to communication without having to be in the same area.
Icon International, a software company, incorporated on January 1, 2013 is planning to convert to IFRS. The company decided to present its first IFRS statements for the year ended December 31, 2015. What is the transition date of Icon International? A. December 31, 2015 B. January 1, 2015 C. January 1, 2013 D. December 31, 2013
Answer:
The correct transition date which Icon international will show is B) January 1, 2015.
Explanation:
Icon international which was incorporated on January 1, 2013, wants to convert to IFRS( International financial reporting standards ) , which provides a similar international language for business affairs, which would help making company accounts comparable and understandable across the global boundaries.
The correct transition date would be the year starting date ( 1 January ) , as the year in which company starts adopting to IFRS standards and making IFRS statements , so here the January 1, 2015 would be the correct transition date.
The transition date for Icon International, a company converting to IFRS, would be the start of the earliest period for which it presents full comparative information under IFRS. In this case, the transition date is January 1, 2015.
Explanation:The transition date for a company converting to IFRS (International Financial Reporting Standards) is the beginning of the earliest period for which the company presents full comparative information under IFRS in its first IFRS financial statements. For Icon International, this date would be the start of the preceding year from when it first starts presenting its statements under IFRS. Given Icon International decided to present its first IFRS statements for the year ended December 31, 2015, its transition date would be January 1, 2015 (Option B).
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Antonio is ready to move out of his parent's house and live on his own. He found a great apartment that has all utilities included. His job as an assistant plumber requires him to have a car, but his hours are flexible enough to give him time on the weekends to have fun with his friends. What is the best way Antonio's budget can be modified to help him save enough for the $200 down payment and make the $500 monthly rental payment?
a. Antonio could keep his budget the same and hope he gets a raise at work.
b. Antonio could reduce his monthly entertainment expenses by $100 to pay the monthly rent. he could take $200 out of savings once for the deposit.
c. Antonio could live at his parent’s house for one more month and save his net income. after one month of living at home, he would have enough additional money for the deposit and one year’s rent at the apartment.
d. Antonio could reduce his monthly entertainment expenses by $75 and his food expenses by $50 to pay the monthly rent. he could take $200 out of savings once for the deposit.
Answer: The best way Antonio's budget can be modified to help him save enough for the $200 down payment and make the $500 monthly rental payment is that, if Antonio could reduce his monthly entertainment expenses by $75 and his food expenses by $50 to pay the monthly rent. He could take $200 out of savings once for the deposit.
It's necessary for Antonio to reduce his total expense by $125 in order for him to accommodate himself and take $200 out of savings.
Answer:
d. Antonio could reduce his monthly entertainment expenses by $75 and his food expenses by $50 to pay the monthly rent. He could take $200 out of savings once for the deposit.
Explanation:
edge
George, a regional manager for a global corporation, is meeting with several upset managers from the Rome plant about Steve, who is originally from Florida but moved to Italy to manage the Rome facility. Phillipe, the assistant manager, tells George, "We all feel that Steve sees things only one way—his—and very seldom considers our perspective on things." Steve is employing a ______ management style
Answer: Parochial
Explanation: A style of management in which the manager having decision authority considers every situation only from his or her own perspective is called Parochial management style. The parochial mangers are the one with illiberal thinking they only considers the situation on the pros and cons related to themselves.
In the above case study, as per the description of the assistant, we can conclude that Steve is a parochial manager.
The decision about what goods and services will be produced made in a market economy is made by:
A. Workers deciding to produce only what the boss says must be produced.
B. Lawmakers in the government voting on what will be produced. producers deciding what society wants most.
C. Consumers and firms choosing which goods and services to buy or produce.
D. Consumers dictating to firms what they need most.
Answer:
The correct answer is C
Explanation:
. A market economy is based on the basic principle of supply and demand. This means that there is a group that needs goods and services for their daily lives (consumers) and another group that is responsible for producing these goods and services in order to obtain results in return.
In this market economy neither the workers, nor the bosses, nor the states decide unidirectionally what should be consumed or what should be produced (there are exceptions as mandatory vaccines). For example, society can demand more electric cars because of the increase in the price of gasoline (a demand will create the supply) or a company can create a new air conditioner that everyone wants to have in their home. (an offer will create the demand).
The variation of supply and demand will also be affected by the different prices of goods and services that are in the market.
In a market economy, the decision about what goods and services will be produced is made by consumers and firms choosing which goods and services to buy or produce.
In a market economy, the decision about what goods and services will be produced is made by consumers and firms choosing which goods and services to buy or produce. In this type of economy, businesses supply goods and services based on demand, and the quantity, quality, and price of these goods are determined by the preferences and choices of consumers. The market forces of supply and demand drive the decision-making in a market economy.
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