Direct labor and productive labor are the terms used to describe the employees who actually handle and process the various materials, either directly or with the help of equipment.
What is meant by direct labor?A portion of the wage budget or payroll known as direct labor costs is closely and frequently linked to or connected with the production of a good, the completion of a specific task order, or the rendering of a service.
The technique being utilized to make the part or product, the design of the part or product, and the productivity of the worker conducting the operations generally define the direct labor unit costs. The more sophisticated the manufacturing technology, the more reliable the part or product.
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louis guzman invested $10,000 into his company. this transaction would be recorded by the company with which of the following entries?
The transaction of Louis Guzman invested $10,000 into his company. will be recorded by:-
Cash Account $10,000
To Capital Account $10,000
What is a transaction?A completed agreement between a buyer and a seller to exchange goods, services, or financial assets in exchange for money is referred to as a transaction. Depending on whether a company uses accrual or cash accounting, a transaction may be recorded sooner or later.
The transaction would be recorded by the company by debiting the Cash Account for $10,000 and crediting to Louis Guzman's Capital Account t for $10,000.
Therefore, the above entry will be used to record the transaction.
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Sidewinder, Inc., has sales of $702,000, costs of $345,000, depreciation expense of $90,000, interest expense of $55,000, and a tax rate of 22 percent. The firm paid out $85,000 in cash dividends and has 38,400 shares of common stock outstanding. a. What is the earnings per share, or EPS, figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the dividends per share figure? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
a. To calculate earnings per share (EPS), we need to first find the net income of the company.
Net income = Sales - Costs - Depreciation - Interest - Taxes
Net income = $702,000 - $345,000 - $90,000 - $55,000 - 0.22($702,000 - $345,000 - $90,000 - $55,000)
Net income = $702,000 - $345,000 - $90,000 - $55,000 - $133,980
Net income = $78,020
Now, we can calculate EPS as:
EPS = Net income / Number of shares
EPS = $78,020 / 38,400
EPS = $2.03 (rounded to two decimal places)
Therefore, the earnings per share (EPS) figure is $2.03.
b. To calculate dividends per share, we divide the total cash dividends by the number of shares:
Dividends per share = Total cash dividends / Number of shares
Dividends per share = $85,000 / 38,400
Dividends per share = $2.21 (rounded to two decimal places)
Therefore, the dividends per share figure is $2.21.
Monow Manufacturing provided the following information at 1 June 2017. Machinery - Cost $18,100 - Accumulated depreciation $8,350 On 1 January 2018 a machine was sold for $3,000 cash. The machine was purchased on 1 September 2015 for $6,600. On 1 March 2018 a new machine costing $9,900 was purchased. Depreciation is charged for each month of ownership at 20% per annum on a straight line basis. Required (a) Calculate for the machine disposed of: (i) the total amount of depreciation charged (ii) the profit or loss on disposal. (b) Calculate the total depreciation charge on machinery for the year ended 31 May 2018. (c) Prepare an extract of the statement of financial position at 31 May 2018 showing machinery only
In accountancy, depreciation is a term that refers to two aspects of the same concept.
What is the meaning of depreciation?In accounting, the term "depreciation" refers to two different aspects of the same concept: first, the actual fall in an asset's fair valuation, such as the yearly decline in the value of manufacturing equipment.
Depreciation is the estimated decrease in the value of fixed assets over a fiscal year. For tangible items like real estate, machinery, vehicles, and others, large lump-sum purchases are made. To calculate depreciation using the straight-line method, subtract the asset's cost from its salvage value. The amount that can be depreciated, or the depreciable basis, is the outcome. Subtract this sum from the asset's useful life, which is measured in years.
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On March 17, Advanced Technologies purchased a patent related to laser surgery techniques. The purchase price of the patent is $1,250,000. The patent is expected to benefit the company for the next five years. The company had the following additional costs: $25,000 in legal fees associated with the purchase and filing of the patent, $40,000 to advertise its new laser surgery techniques, and $50,000 to train employees. None of these additional costs were included in the purchase price or paid to the seller. Now assume that instead of purchasing the patent, Advanced Technologies spent $1,250,000 to develop the patent internally, consisting of personnel ($825,000), equipment ($315,000), and materials ($110,000). All additional costs were incurred for the same amount.
What is the recorded cost of the patent?
The recorded cost of the patent is $1,365,000.
The recorded cost of the patent is the purchase price plus any directly attributable costs. In this case, the purchase price is $1,250,000 and there are additional costs of $25,000 for legal fees, $40,000 for advertising, and $50,000 for employee training, for a total of $1,365,000.If the patent had been developed internally, the recorded cost would be the sum of all costs incurred to develop the patent. In this case, the costs incurred were $1,250,000, consisting of personnel costs of $825,000, equipment costs of $315,000, and materials costs of $110,000, plus any directly attributable costs.Since there are no additional costs in this scenario, the recorded cost of the patent is $1,250,000.
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FILL IN THE BLANK. When predetermined overhead rates are based on budgeted activity ______.
When predetermined overhead rates are based on budgeted activity they are expected to be used for the entirety of the budget period
What is budget?Budgeting is the process of creating a plan to spend your money. It allows you to create an overall picture of where your money is going, and to make sure that you are spending within your financial means. Budgeting involves tracking your income and expenses, and setting goals for how to spend and save your money. When creating a budget, it is important to account for all of your sources of income and all of your expenses. This includes everything from day-to-day spending, to larger occasional expenses, such as vacations. A budget should be tailored to your individual needs, and should be regularly adjusted as your financial situation changes. Budgeting is an essential tool for managing your finances and can help you reach your financial goals.
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Market researchers interviewed a random sample of 60 men and a random sample of 55 women about their preferences for different color designs for the packaging of a certain product. Of those interviewed, 23 men and 28 women preferred color design x.
The correct option is E. The correct test statistic for a two-sample z-test for a difference in population proportions for men and women (men minus women) in their preference for color design X
Here we have,
n1=60 n2= 55
X1= 23 X2= 28
P1= X1/n1= 23/60= 0.38
P2= X2/n2 = 28/55 = 0.51
[tex]P= \frac{X1+X2}{n1+n2}[/tex] = [tex]\frac{23+25}{60+55} = \frac{48}{115} = 0.44[/tex]
[tex]z= \frac{P1-P2}{\sqrt{P(1-P)(\frac{1}{n1}+\frac{1}{n2}) } } \\\frac{0.38-0.51}{\sqrt{0.44(1-0.44)(\frac{1}{60}+\frac{1}{55}) } }\\[/tex]
In business, a market refers to the group of potential customers or consumers who are interested in a particular product or service and are willing to pay for it. It is a place where buyers and sellers come together to exchange goods and services for money or other forms of value.
Markets can be physical or virtual and can be segmented based on various factors such as geography, demographics, psychographics, behavior, and needs. Understanding the market is critical for businesses to develop effective marketing strategies, determine to price, and make informed decisions about product development and expansion.
In order to succeed in a market, businesses need to identify their target audience, analyze their competitors, and create a unique value proposition that differentiates them from others. They must also continuously monitor and adapt to changing market conditions, customer preferences, and emerging trends to stay competitive and relevant.
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Complete Question:
Market researchers interviewed a random sample of 60 men and a random sample of 55 women about their preferences for different color designs for the packaging of a certain product. Of those interviewed, 23 men and 28 women preferred color design X.
Which of the following is the correct test statistic for a two-sample z-test for a difference in population proportions for men and women (men minus women) in their preference for color design X?
Jamila is preparing a sales presentation to promote her company's new line of office copy machines. Which technique should she adopt to deliver an
effective presentation?
A. read aloud all the text from the slides
OB.
look at the presentation screen to stay focused
O C.
use some hand gestures to show that she's relaxed
O D. talk at a fast pace to cover more of her material
Answer: C
Explanation:
Reading text aloud from a presentation is simply boring- an audience could read the slides themselves, and it does not take much effort. If one were to read straight off the slides, they simply should've sent an email.
On the other hand, talking at a fast pace does not engage the audience- it makes them feel rushed, and they may miss important points that you mention in your presentation.
This leaves C - showing that your relaxed can help the audience feel at ease, and connect with you more- they may stay engaged, and understand the presentation's purpose.
you and the buyer both realize that you overcharged for the yard work she did but did not rectify it; now she seeks to enforce a different payment amount in small claims court. this attempt will probably not be enforceable if you plead the defense of uncon
False, this attempt will probably not be enforceable if you plead the defense of unconscionability.
What is the defense of unconscionability?
A defense against the enforcement of a contract or portion of a contract. However, a court may find it unconscionable and refuse to apply it, If a contract is illegal or rough to one party in a way that suggests abuses during its conformation. Unconscionable is an adjective that means without a heart; unconscionable; so illegal or unjust that it shocks the heart.
The adjective is constantly used in the environment of contract law for contracts that have grossly rough and illegal terms. When a court finds a contract unconscionable, it's unenforceable. Two general types of potentially unconscionable vittles are explicatory clauses and disclaimers of limitations of bond liability. Explicatory clauses are clauses that release a party from liability for injuries that he causes.
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Gains from Trade - End of Chapter Problem Large airlines sometimes engage in fuel hedging as a way to avoid wild changes in jet fuel prices. To fuel hedge, an airline purchases a futures contract from an oil company that states they will purchase a set quantity of jet fuel at a specific price in the future regardless of what the actual market price is in the future. a. The value of the hedge will when the price of jet fuel is higher. This is because there is more benefit for a company to protect from by locking in a low price now if the expectation is that jet fuel will be in the future. b. Southwest Airlines is known for its long-term hedging strategy that has allowed it to remain profitable even in the toughest times. The company was able to shield itself from higher fuel prices by purchasing fuel hedges even when prices were expected to be in the future. When jet fuel prices were actually much higher, the hedging kept their low and helped keep Southwest profitable.
a. The value of the hedge will increase when the price of jet fuel is higher because the airline has locked in a lower price through the futures contract. By purchasing the futures contract at a lower price, the airline can avoid paying the higher market price in the future, which can save them money and increase their profits.
For example, if an airline purchases a futures contract for jet fuel at $2.00 per gallon and the market price of jet fuel increases to $3.00 per gallon, the airline can still purchase the jet fuel at the lower price of $2.00 per gallon, which saves them money and increases their profits.What is the contract about?In terms of b. Southwest Airlines' long-term hedging strategy allowed the company to remain profitable even in tough times, as it shielded them from higher fuel prices. By purchasing fuel hedges when prices were expected to be low in the future, the company was able to lock in lower prices for fuel and avoid paying the higher market prices.
Therefore, When jet fuel prices were actually much higher than expected, the hedging kept Southwest's fuel costs low, which helped keep the company profitable. This demonstrates the benefits of a sound hedging strategy, which can protect a company from volatile market prices and help ensure its profitability in the long term.
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Liberach Inc. is considering an investment in a new copper mine in Nevada. The analysts for the company have created estimates for the cash flows of the project (amounts in $Ms, assume yearly cash flows happen at year-end):
t=0 = (70)
Y1 = (80)
y2 = 28
y3 = 38
y4 = 50
y5= 50
y6 = 50
y7 = 50
y8 = 38
y= (100)
If the company has a cost of capital of 7.0% (this is a good estimate for the risk-adjusted discount rate of the new copper mine), and earns a return of 7.0% on invested capital,
a. What is the MIRR of this project? Should we invest?
b. How does the MIRR compare to the IRR of the project? What accounts for the difference?
c. Construct an NPV profile for this project. (5 pts total)
Investment definition is an asset acquired or invested in to build wealth and save money from the hard-earned income or appreciation.
What is the meaning of Income?Income, which is typically stated in monetary terms, is the spending and saving opportunity acquired by an entity within a given duration. Conceptually, income is hard to define, and different fields may have distinct definitions.
The amount of money, property, and certain other transfers of the value obtained over a predetermined period in return for services or goods are often referred to as "income." Income is defined by the context in which the word is employed; there is no single, universal definition.
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Metlock Games Inc. adjusts its accounts annually. The following information is available for the year ended December 31, 2022 1 Purchased a 1-year insurance policy on June 1 for $1,620 cash. Paid $5,850 on August 31 for 5 months rent in advance. On September 4, received $3.240 cash in advance from a corporation to sponsor a game each month for a total of 9 months for the most improved students at a local school. Signed a contract for cleaning services starting December 1 for $900 per month. Paid for the first 2 months on November 30. (Hint: Use the account Prepaid Cleaning to record prepayments. On December 5, received $1,350 in advance from a gaming club. Determined that on December 31, 5430 of these games had not yet been played 4. 5 For each of the above transactions, prepare the journal entry to record the initial transaction (if no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) For each of the above transactions, prepare the journal entry to record the initial transaction. Of no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) No. Date Account Titles and Explanation Debit 2. 2 3 5. For each of the above transactions, prepare the adjusting journal entry that is required on December 31. (Hint: Use the account Service Revenue for item 3 and Maintenance and Repairs Expense for item 4. (Round answers to decimal places, eg. 5,275. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Debit Credit No. Date Account Titles and Explanation Dec. 1 31 2022 2. Dec. 31, 2022 3. Dec 31, 2022 4 Dec 31, 2022 Post the journal entries in parts (a) and (b) to T-accounts and determine the final balance in each account balance. (Note: Posting to the Cash account is not required.) (Round answers to decimal places, eg. 5,275. Post entries in the order displayed in the problem statement) Prepaid Insurance Prepaid Rent Unearned Service Revenue
According to the data of Met lock Games Inc., the journal entry on Jun 01., Prepaid insurance (Dr.) and Cash (Cr.) is $ 1620.
What do you mean by prepaid insurance?The term "prepaid insurance" describes insurance premiums that are paid up front. A premium is a recurring payment made on a regular basis to a provider in exchange for receiving insurance benefits.
Prepaid insurance is insurance for which premiums are paid up front to insurers.Because it is not used, insurance companies report prepaid insurance as current assets on their balance sheets.As soon as the insurance coverage kicks in, it becomes an expense rather than an asset.Therefore, by the given data of Met lock Games Inc., the journal entry on Jun 01., Prepaid insurance (Dr.) and Cash (Cr.) is $ 1620.
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The complete solution is attached:
What are the determinants of demand?Instructions: You may select more than one answer.Click the box with a check mark for correct answers and click to empty the box for the wrong answers.a. Incomeb. Price of related goodsc. A good's own priced. Technologye. Tastes and preferencesf. Resource pricesg. Number of consumers
The correct answers are Income, Price of related goods, A good's own price, Tastes and preferences, and Resource prices.
What is Income?Income is the money that is earned from sources such as employment, business, investments, and government benefits. It is the total amount of money that is received regularly, often on a monthly or yearly basis, in exchange for providing goods, services, or labor. To calculate income, all sources of income are added together and then any deductions and taxes are subtracted. Income is also known as gross income or taxable income because it is subject to taxation. Income is important because it is used to determine an individual’s eligibility for certain benefits and services, as well as their ability to pay for housing, food, and other essentials.
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all of the following are steps in the aida model except question 3 options: awareness intention action desire interest
all of the following are steps in the AIDA model except intention. Thus the correct option is B,
What is the AIDA model?The term AIDA is an acronym for Attention, Interest, Desire, and Action model considered as a model of advertising in order to persuade the customer to make a decision related to buying by pitching them effectively.
The AIDA Model highlights the intellectual phases a person experiences when making a purchase decision for a good or service. This path influences how a customer makes decisions about buying.
Therefore, option B is appropriate.
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Select all that apply Manufacturing overhead ___
a. is directly traceable to units produced b. is an indirect cost c. contains fixed costs d. consists of many different types of costs
Manufacturing overhead is an indirect cost. Hence, option B is correct.
What is Manufacturing?Manufacturing overhead costs are the initial charges that a corporation incurs for things like the purchase of materials and indirect labeling. electricity, machinery, maintenance, factory supplies, insurance, etc.
This is often referred to as "factory overhead," and it refers to costs that are further recorded in the balance sheet or in the profit and loss statement and divided by the company's profit even if they have no direct bearing on manufacturing.
Thus, option B is correct.
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This improvement was key in both the division of time zones as well as improving sales in such brands as Ivory soap and Quaker Oats.A. the installation of telephone B. poles telegraph lines C. standard gauge for railroads D. invention of the television set
This improvement was key in both the division of time zones as well as improving sales in such brands as Ivory soap and Quaker Oats -- standard gauge for railroads.
Option C is correct.
Which factor was the most significant catalyst for the establishment of standardized time zones initially?Problems with transporting passengers and cargo over the thousands of miles of rail line that covered North America by the 1880s were directly responsible for the need for continental time zones. When humans first started keeping track of time, they set their clocks to follow the sun's local movement.
Why is standard time necessary, and what are the purposes of time zones?The rotation of the Earth led to the formation of time zones. The Earth is illuminated by the sun, but only in part. Time zones maintain logical order and regulate day and night because the sun cannot rise simultaneously in all parts of the world.
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according to a ____, the party who opens the box automatically accepts the terms by keeping the goods.
According to a contract of adhesion, the party who opens the box automatically accepts the terms by keeping the goods.
How can it be explained in detail?This type of agreement is made when one party, usually a bigger and more powerful entity like a corporation, presents the other party with a predetermined set of terms while the other party has little to no power to negotiate the terms. The consumer is considered to have accepted the terms by opening the box or using the product, which are frequently included in a document like a software licence or a product warranty. This kind of agreement is frequently criticised for being unfair to consumers and one-sided.
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According to a contract of adhesion, the party who opens the box automatically accepts the terms by keeping the goods.
What is an adhesion contract?
A contract of adhesion, also known as an adhesion contract, is one in which the parties have such disproportionate bargaining power that the party with less power could not have negotiated for changes to the contract's terms.
What distinguishes a contract of adhesion?An adhesion contract is one in which one party has significantly more control over the contract's terms than the other. The offeror must provide a customer with standard terms and conditions that are identical to those offered to other customers in order to establish a contract of adhesion.
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Do terminal or instrumental values have a larger influence on your behavior at work? Explain.
As terminal values are long-term objectives that guide how I behave in order to achieve them, they have a greater influence. Consider a friend or acquaintance who embodies a happy disposition.
What do managers contribute to the workplace most significantly?Create a sense of teamwork among the workers while motivating them and explaining decisions in a clear and concise manner. Establish acceptable benchmarks and objectives, and then analyze and interpret performance to measure. Develop employees as assets for the business by developing individuals.
How do managers affect the behavior of their staff?Managers can influence employee performance in a variety of ways, including through behavior modeling, helpful criticism, and performance reviews. These strategies won't work, though, unless the manager makes an effort to comprehend the motivations of his staff.
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When deciding whether to tighten or loosen monetary policy, central banks weigh
the relative risks to price stability and growth. Mention two indicators that the MPC use
to gauge the risk to inflation and two indicators the MPC use to gauge the risk to
growth.
Answer:
Explanation:
To control economic growth and pull economies out of recessions, central banks employ monetary policy instruments.
Despite the fact that central banks can be beneficial, current short-term remedies may have unfavorable long-term effects.
Governments use fiscal policy as a tool to alter tax and expenditure rates in order to have an impact on the economy.
Politics and appeasing voters can influence fiscal policy, which can result in poor judgments that are not supported by facts or economic theory.
Government efforts may be hampered if monetary policy and fiscal policy are poorly coordinated.
the human development index is a composite of three basic measures of human welfare. which of the following is not a component of the human development index?a. per capita income b. life expectacy rate c. literacy rate d. poverty rate
The Human Development Index (HDI) does not include a component for the percentage of infants with low weight.
What is HDI ?HDI comprises per capita GDP, educational attainment, and life expectancy at birth rate. Thus skip option (d) and select the right response.
A long and healthy life, access to information, and a reasonable level of living are the three main elements of human development that are captured by the Human Development Index (HDI).
The four elements that make up the Human Development Index (HDI)—mean years of schooling, expected years of schooling, life expectancy at birth, and gross national income (GNI) per capita—measure each nation's social and economic growth.
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GREEN LAWNS, INC.
ADJUSTED TRIAL BALANCE
DECEMBER 31, CURRENT YEAR
Cash $218,640
Accounts receivable 10,800
Supplies 720
Equipment 28,800
Accumulated depreciation: equipment $ 12,000
Accounts payable 3,600
Income taxes payable 8,400
Capital stock 60,000
Retained earnings 108,000
Dividends 4,800
Lawn care revenue earned 230,400
Salary expense 124,800
Supply expense 2,880
Advertising expense 720
Depreciation expense: equipment 2,400
Income taxes expense 27,840
$422,400 $422,400
Refer to the adjusted trial balance of Green Lawns, Inc., illustrated in Exercise 5.2 to respond to the following items. (shown above)
1. Prepare all necessary closing entries at December 31, current year.
2. Prepare an after-closing trial balance dated December 31, current year.
3. Compare the Retained Earnings balance reported in the after-closing trial balance prepared in part b to the balance reported in the adjusted trial balance. Explain why the two balances are different. (Include in your explanation why the balance reported in the after-closing trial balance has increased or decreased subsequent to the closing process.)
1. Closing Entries at December 31, current year:
Debit Credit
Income Summary 230,400
Salary Expense 124,800
Supply Expense 2,880
Advertising Expense 720
Depreciation Expense 2,400
Income Taxes Expense 27,840
Dividends 4,800
Retained Earnings 127,800
Income Summary 127,800
2. After-Closing Trial Balance December 31, current year:
Debit Credit
Cash 218,640
Accounts Receivable 10,800
Supplies 720
Equipment 28,800
Accumulated Depreciation-Equipment 12,000
Accounts Payable 3,600
Income Taxes Payable 8,400
Capital Stock 60,000
Retained Earnings 127,800
3. The Retained Earnings balance reported in the after-closing trial balance is different from the balance reported in the adjusted trial balance because the closing process transfers the income or losses of the current period to the Retained Earnings account. Thus, the Retained Earnings balance has increased by $19,800 (from $108,000 to $127,800) due to the closing process.
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Like many financial decisions, when making a housing decision, you should consider what you give up in time, ___ and money as a result of the decision.
O effortO easierO walk-throughO home default
Answer:
effort
Explanation:
a 99 percent one-sample z-interval for a proportion will be created from the point estimate obtained from each of two random samples selected from the same population: sample r and sample s. let r represent a random sample of size 1,000, and let s represent a random sample of size 4,000. if the point estimate obtained from r is equal to the point estimate obtained from s, which of the following must be true about the respective margins of error constructed from those samples?
The error margin for R will be twice as large as the error margin for S.
What is proportion?A ratio that connects a part to a whole is a percentage. For instance, there are 100 students in the class with 20 men and 80 women. The percentage of men is 20/100, or 20%. 80 out of 100, or 80%, are women. relative magnitude or extent; ratio; the relationship between several entities or components in terms of comparative size, number, or degree. the right or ideal relationship between components of a whole; symmetry or balance.An equation known as proportion shows that the two ratios presented are equal to one another. In other terms, the proportion declares that the two ratios or fractions are equal.Use the formula for standard error, which is√p(1-p)/n.
Use . 5 for p. Apply it to samples S and R. The SE is 0.007906 for S. R's SE is 0.015811, which equals 2 when divided by 0.007906. R will have a wider margin of error because it has a lower sample size. Hence, it is twice as much as S. Herr Crane
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What is the present equivalent of 18,000 to be received in 15 years when the interest rate is 7% per year?
Answer:
6524. 1.07^15 =2.759. 18000/2.759=6524. QED
Explanation:Hope this helped.
Answer:
$6524.
Explanation:
To find the present value (PV) equivalent of $18,000 to be received in 15 years at an annual interest rate of 7%, we can use the present value formula for a single future payment:
PV = FV / (1 + r)^n
where FV is the future value, r is the interest rate per period, and n is the number of periods.
Substituting the given values into the formula, we get:
PV = 18,000 / (1 + 0.07)^15
PV = 18,000 / 2.759
Simplifying this expression gives:
PV = 6524.10
Therefore, the present value equivalent of $18,000 to be received in 15 years at an annual interest rate of 7% is approximately $6524.
A company’s year end unadjusted trial balance shows account receivable of 103,000 allowance for doubtful accounts of $640(credit) and sales of $320000. Uncollectibles are estimated to be 1.50% of accounts receivable.
Prepare the December 31 year end adjusting entry for uncollectible
What amount would have been used in the year end adjusting entry if the allowance account had a year end unadjusted debit balance of 500?
$905 is the amount of the journal entry.
year-end adjusting entry will have the amount of $2045
What is a trial balance?Business uses a trial balance, which is a summary of credit and debit values, to internally evaluate their dual bookkeeping.
The journal entry will be written as
Bad best account debited by 905
Allowance for doubtful debts will be also credited by 905.
The amount is calculated as
= 103000 * 1.50% - 640
= 4905
The amount which will be used at the end to create an adjusted account balance will be with respect to the 2045 amount. The journal entry will be
Bad debt expenses account debited to 2045
to the allowance for doubtful debt credited to 2045
The amount is calculated as
= 103000 * 1.505 + 500
= 2045
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Warner Company's year-end unadjusted trial balance shows accounts receivable of $103,000, allowance for doubtful accounts of $640 (credit), and sales of $320,000. Uncollectibles are estimated to be 1.50% of accounts receivable. 1. Prepare the December 31 year-end adjusting entry for uncollectibles View transaction list Journal entry worksheet Record the estimate of uncollectibles. Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Record entry Clear entry View general Journal 2. What amount would have been used in the year-end adjusting entry if the allowance account had a year-end unadjusted debit balance of $500? Amount used in the year and adjusting entry
Warner Company's year-end unadjusted trial balance shows accounts receivable of $103,000, allowance for doubtful accounts of $640 (credit), and sales of $320,000. Uncollectibles are estimated to be 1.50% of accounts receivable. 1. Prepare the December 31 year-end adjusting entry for uncollectibles View transaction list Journal entry worksheet Record the estimate of uncollectibles. Note: Enter debits before credits Date General Journal Debit Credit Dec 31 Record entry Clear entry View general Journal 2. What amount would have been used in the year-end adjusting entry if the allowance account had a year-end unadjusted debit balance of $500? Amount used in the year and adjusting entry
FILL IN THE BLANK the ______is an international bank that normally provides short-term loans to countries that are unable to meet their budgetary expenses.
The IMF is an international bank that normally provides short-term loans to countries that are unable to meet their budgetary expenses.
suppose that the treasury bond futures price is 101-12. which of the following four bonds is cheapest to deliver?
We can see here the bond among the four bonds that is the cheapest to deliver is: Bond 4.
What is treasury bond?A Treasury bond, also known as a T-bond, is a long-term debt security issued by the U.S. Department of the Treasury to finance government spending.
Treasury bonds are considered one of the safest investments because they are backed by the full faith and credit of the U.S. government, and are considered to have very low risk of default.
Thus, we here that in order to find the cheapest bond to deliver, first there is need to convert the quoted price of the bond in the actual terms so that there delivery cost can be calculated:
Bond 1 Price = 125-05
P1 = 125, n1 = 05
Bond 2 Price = 142-15
P2 = 142, n2 = 15
Bond 3 Price = 115-31
P3 = 115, n3 = 31
Bond 4 Price = 144-02
P4 = 144, n4 = 02
Future Price 101-12
P5 = 101, n5 = 12.
Price of bond 1 = P1 + n1/32 = 125 + 5/32 = 125.15625.
Price of bond 2 = P2+ n2/32 = 142 + 15/32 = 142.46875
Price of bond 3 = P3 + n3/32 = 115 + 31/32 = 115.96875
Price of bond 4 = P4 + n4/32 = 144 + 2/32 = 144.0625
Suppose that the Treasury bond futures price is 101-12. Which of the following four bonds is cheapest to deliver and what is the cash price you would receive for it if you deliver it on September 14th, 2013?
Bond Price & Coupon Conversion Factor
1. (matures Jan 1st 2029) 125-05 & 10.8% 1.2131
2 (matures March 12th 2031) 142-15 & 12.5% 1.3792
3 (matures July 20th 2032) 115-31 & 9.65% 1.1149
4 (matures October 23rd 2035) 144-02 & 12.3% 1.4026
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answer the questions given below.
Mr. Viaz started a pizzeria in his hometown. It made a small income, and Mr. Vlaz had to work long hours and manage many staff members. While running this restaurant, he gained popularity for the tomato sauce they made from scratch and used on their pizzas. Mr. Viaz decided it was time for a change and saw two options. The first was to expand the restaurant to add more tables and increase revenue. The second was to abandon the restaurant and focus solely on selling their famed tomato sauce.
1. How would Mr. Vega's organizational goals change if he chooses Plan B?
2. What do you think Mr. Vega's current organizational structure looks like now?
3. How would the organizational structure change if he chooses Plan A?
4. How would the organizational structure change if he chooses Plan B?
If Mr. Viaz chooses Plan B, his organizational goals would change from running a full-service pizzeria to manufacturing and distributing tomato sauce to other businesses.
Based on the information given, it is not possible to determine Mr. Viaz's current organizational structure. However, it can be inferred that it would involve multiple staff members, given that he had to manage many staff members while running the restaurant.
If Mr. Viaz chooses Plan A, his organizational structure would likely expand to include additional staff members to manage the increased revenue from more tables and customers. This could involve hiring more servers, cooks, and support staff.
If Mr. Viaz chooses Plan B, his organizational structure would change to focus solely on the manufacturing and distribution of tomato sauce. This could involve streamlining operations and reducing the number of staff members needed, such as eliminating servers and support staff, and hiring individuals with experience in manufacturing and distribution.
refer to the above table. if the price of a hamburger falls from $5 to $4, then the weekly market quantity of hamburgers supplied will
The weekly market supply of hamburgers will change if the price of a hamburger drops from $5 to $4.
Why are they called "hamburgers"?
The phrase "hamburger" comes from Hamburg, a port city in Germany, where it's thought that 19th-century sailors who had been dealing with Russian Baltic provinces brought back the idea of raw, shredded beef, today known as beef tartare.
A grilled ground beef patty is placed in the middle of two slices of bread to make a burger. Slices of raw onion, lettuce, bacon, mayonnaise, and other toppings all improve the flavour. Burgers are regarded as an American cuisine even though they are eaten all around the world.
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Pricing is one of the most complex decisions in marketing because it requires balancing multiple objectives, including cost/margin, positioning in the mind of the consumer, impact on channel/distribution partners, and competition. This assignment is designed to illustrate the effects of the pricing decision in these different contexts. page(s). Your work may be handwritten or typed. If using Excel, please show your formulas. Show all your work on a separate 1. What is the role of MSRP in your pricing decision? 2. For each brand in the following table, calculate the manufacturer's selling price (MSP), the per unit margin, and the gross margin as a percentage of MSP Brand Y Brand X MSRP Volume Discount Promotion Allowance Unit Cost MSP Per Unit Margin Gross Margin % $5.29 30% 15% $1.18 $4.99 35% 12% 0.74 . For large retailers, the MSP represents their product cost, which they will mark up to set the retail price. If the retailer has a target margin of 25%, what would the retail prices be for the brands in question 2? Brand X Retail Price- Brand Y Retail Price- 4. Many small retailers will buy through a wholesaler instead of buying direct from the manufacturer. Given the pricing policy for Brand X in question 2, what would be the wholesaler's selling price (WSP) if the wholesaler has a desired margin of 15%? If the retailer has a desired margin of 30%, what would the retail price be? What volume discount would the manufacturer have to offer for the retailer to price at MSRP? WSP Retail Price- Vol. Discount 5. Retailers may use some of the promotion allowance to offer special price promotions. If the retailer uses one-third of the allowance for price promotions, what would the average retail price be for Brand X in question 3? Brand X Adjusted Retail Price-
The following is the adjusted retail price for Brand X if the retailer uses one-third of the promotion allowance for price promotions:
Brand X Adjusted Retail Price = $5.87 (Retail Price minus Promotion Allowance divided by three).
What is Adjusted Retail Price?The final price of a product after discounts or adjustments have been made to the original retail price is known as the adjusted retail price. Sales promotions, volume discounts, or other special offers could be the cause of these adjustments or discounts.
The adjusted retail price, for instance, would be $40 if a product's original retail price was $50 and a sales promotion offered a discount of 20%. In a similar vein, the adjusted retail price would be the final price after a volume discount was applied to the initial retail price.
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a real estate broker who acts as a dual agent and represent both the buyer and the seller in the same transaction must make sure that both parties
When acting as both the buyer's and seller's agent in the same transaction, a real estate broker must make sure that all parties are aware of the dual agency representation.
Thus, They must fully disclose their capacity as dual agents to both the buyer and the seller. This involves disclosing to both parties any possible conflicts of interest that might arise from taking on both sides' interests.
The dual agent must also act in a fair and honest manner toward both the buyer and the seller, giving them equal respect and support during the transaction.
The dual agent must uphold confidentiality and refrain from disclosing any private information that could be harmful to either party.
Thus, When acting as both the buyer's and seller's agent in the same transaction, a real estate broker must make sure that all parties are aware of the dual agency representation.
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