If income rises, so does the demand for a typical good. If income rises, the demand for a subpar product falls.
What is income?Income is an entity's ability to save and spend money during a given period of time, and it is typically expressed in monetary terms. Conceptually, income can be difficult to define, and there may be variations depending on the field. The entire amount of money, assets, and other value exchanges obtained over a predetermined period of time in exchange for goods or services is frequently referred to as "income."There isn't a single, accepted definition of income; instead, the term is defined in light of the context in which it is used.The wage they receive from their employment is a common example of income for many people. Any money that an individual or business receives in exchange for labour, the creation of goods and services, or the placement of capital is referred to as income.To learn more about income, refer to:
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Assume it is now December 31, 2021, and Nicole has just completed her first year of operations at Nicole’s Getaway Spa. After looking through her trial balance, she noticed that there are some items that have either not been recorded or are no longer up-to-date.
Part 1 -- For each of the items listed, identify whether an accrual adjustment, a deferral adjustment, or no adjustment is required.
Part 2 -- For each of the deferral adjustments, prepare the initial journal entry that would have been recorded.
When recording income and expenses for the first time in the accounts, an accrual entry is utilized, and a deferral is used to postpone such recognition until a later period.
What are the points of the each part?a) deferral as rent is paid in advance and expense is deferred
b) is deferral as building is purchased and depreciation expense is deferred
c) accrual as salary is accrued
d) deferral as insurance is paid in advance and expense is deferred
e) deferral as supplies are purchased and supplies expense is deferred
f) deferral as cash is received in advance and revenue is deferred
Thus, When recording income and expenses for the first time in the account.
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The missing part of the question is given below and the complete solution is attached-
Part 3 -- Prepare the adjusting entries that should be recorded for Nicole’s Getaway Spa at December 31, 2021, assuming that the items have not been adjusted prior to December 31, 2018. Use T accounts, to help you analyze.
a) Nicole’s Getaway Spa is renting its space at a cost of $600 per month. On September 1, 2021, Nicole paid eight months’ rent in advance using cash. This prepayment was recorded in the account Prepaid Rent back in September. accrual deferral no adjustment Date Account Title Classification (A-L-SE-R-E) or Debit or Credit Amount Initial Entry if deferral Dec. 31
b) The building, purchased at the beginning of the year for $47,000 cash, has estimated depreciation of $2,000 for 2021, but none has been recorded yet. accrual deferral no adjustment Date Account Title Classification (A-L-SE-R-E) or Debit or Credit Amount Initial Entry if deferral Dec. 31
c) Salaries and wages to the support staff at Nicole’s Getaway Spa have been paid up to December 26, 2021. The support staff worked both December 27 and 28 and will be paid on January 5, 2022. Salaries and wages amount to $1,000 per day. The spa was closed December 29-31. accrual deferral no adjustment Date Account Title Classification (A-L-SE-R-E) or Debit or Credit Amount Initial Entry if deferral Dec. 31 15
d) The insurance policy, purchased on June 1 for $3,000 cash, provides coverage for 12 months. The part of the insurance coverage for June-December has not been used up. accrual deferral no adjustment Date Account Title Classification (A-L-SE-R-E) or Debit or Credit Amount Initial Entry if deferral Dec. 31
e) The unadjusted amount in the Spa Supplies account was $2,000 at December 31, 2021, for supplies purchased on account. A year-end count showed $700 of supplies remain on hand. accrual deferral no adjustment Date Account Title Classification (A-L-SE-R-E) or Debit or Credit Amount Initial Entry if deferral Dec. 31
f) On the last day of December, a customer obtained spa services by using a $90 gift certificate that was purchased earlier in the month. Use of the gift certificate to pay for these services had not yet been recorded. accrual deferral no adjustment Date Account Title Classification (A-L-SE-R-E) or Debit or Credit Amount
page(s) 151-152 6.1. describe americans' core political values and ideologies in the context of understanding public opinion, which of the following is the best definition of values?
In the cοntext οf understanding public οpiniοn, basic principles that shape a persοn's οpiniοns abοut issues and events is the best definitiοn οf values.
What is public οpiniοn?Public οpiniοn is οne οf the mοst frequently evοked terms in American pοlitics. At the mοst basic level, public οpiniοn represents peοple’s cοllective preferences οn matters related tο gοvernment and pοlitics. Hοwever, public οpiniοn is a cοmplex phenοmenοn, and schοlars have develοped a variety οf interpretatiοns οf what public οpiniοn means.
One perspective hοlds that individual οpiniοns matter; therefοre, the οpiniοns οf the majοrity shοuld be weighed mοre heavily than οpiniοns οf the minοrity when leaders make decisiοns. A cοntrasting view maintains that public οpiniοn is cοntrοlled by οrganized grοups, gοvernment leaders, and media elites. The οpiniοns οf thοse in pοsitiοns οf pοwer οr whο have access tο thοse in pοwer carry the mοst weight.
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agent dan received an offer on his listing with sellers mark and amy for less than asking price. which of these actions would be the least desirable action for dan to take?
He should tell Mark and Amy the offering price over the phone so that they can think about it before the meeting.
What is offering price?
The act of issuing securities, including stocks, bonds, mutual funds, and other investments that may be purchased and sold on financial markets, is referred to as offering in this context. An offer and a bid, for instance, are included in a stock quote. The current price at which an investor can sell shares is the bid, and the current price at which a shareholder must pay to purchase shares is the offer, often known as the ask price.
The offering price is decided upon by the lead manager of the underwriting in the case of an IPO. An ideal scenario would be for an investment bank to evaluate the underlying company's near- and long-term values in order to determine an offering price that is fair to the business in terms of capital. To generate significant buyer interest
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When Valley Co. acquired 80% of the common stock of Coleman Corp., Coleman owned land with a book value of $75,000 and a fair value of $125,000. What amount should have been reported for the land in a consolidated balance sheet at the acquisition date? a. $40,000 b. $50,000 c. $75,000 d. $100,000 e. $125,000
The amount that should have been reported for the land in a consolidated balance sheet at the acquisition date is $50,000.
What is a balance sheet?An accounting document known as a balance sheet lists a company's assets, liabilities, and shareholder equity. One of the three primary financial statements that are used to analyse a corporation is the balance sheet. It offers a picture of a company's financial situation as of the publication date, including what it owns and owes.
The three main sections of a balance sheet are assets, liabilities, and equity.
The balance sheet is often presented using one of two formats: the account form (horizontal display) or the report form (vertical presentation).
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Consider a manufacturing line of four workstations and four machines. The machine in Workstation 2 has an average process time of 4 hours per job. The other machines are identical with an average process time of 2 hours. Answer the following questions with the assumption that the process times are deterministic and there is no variation: (a) What are the ro and To for the described manufacturing line? To ro (b) Assume that we add an identical second machine to Workstation 2. What is the value of r and To? To ro: In maximum three sentences, explain the effect of adding that machine on the performance of the line: (c) Assume that the single machine in Workstation 2 is speeded up. The new process time is 2 hours. What is the value of ro and To? Tо: Гь: In maximum three sentences, explain the effect of that adjustment on the performance of the line: (d) What will be the value of ro and To if we add an identical second machine to Workstation 1? To: In maximum sentences, explain the effect of adding that machine on the performance of the line: (e) How about speeding up the single machine in Workstation 1 twice as fast? To In maximum three sentences, explain the effect of that adjustment on the performance of the line:
a. 16 hours, b. Since the backlog has been removed, to would decline 8 hours
(a) What are the ro and To for the described manufacturing line?We must identify the bottleneck machine in order to compute ro. The machine at Workstation 2 is the barrier machine since its typical processing time is 4 hours. Thus, ro equals 1/4. The equation To = N/ro, where N is the number of units in the line, is used to determine To (4). To is equal to 16 hours.
(b) Assume that we add an identical second machine to WorkstationBecause there are now two computers processing work in parallel, r would increase from 1/4 to 1/2 if we added an equal second machine to Workstation 2. Since the backlog has been removed, to would decline. To=N/ro=4/(1/2) = 8 hours. The capacity of the bottleneck would be increased by adding the second machine to Workstation 2, enabling the line to generate additional output in the same period of time. This would speed up the line's throughput and decrease the amount of time it takes to process a job.
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identify the advantages of gravimetric analysis. analysis is always fast high accuracy for major sample components uses simple equipment inexpensive high accuracy for trace sample components identify the disadvantages or limitations of gravimetric analysis. requires sufficient analyte for a mass measurement poor method for trace analysis uses complicated equipment can be time consuming expensive
Benefits include quick processing of major sample components, high precision of both major and minor sample components, ease of use, and low cost.
Limitations or Drawbacks: Needs enough analyte for a mass determination; bad technique for trace analysis; requires complex apparatus; time- and money-consuming.
what's gravimetric analysis?The mass of a material or a precipitate produced in a chemical process is measured using the quantitative technique of chemical analysis known as gravimetric analysis. This process involves reacting a sample with a reagent to create a solid precipitate, which is then filtered, desiccated, and measured. The quantity of the substance in the initial sample is calculated from the mass of the residue. Gravimetric analysis is frequently used to assess a substance's purity or the concentration of a particular element or component in a combination. When used properly, this technique is incredibly exact and precise, but it necessitates close attention to detail and a solid grasp of chemical principles.
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What are the effects of an increase in the European money supply on the dollar euro exchange rate?
Answer: An increase in the european money supply will reduce the interest rate on the euro, and thus causes the euro to depreciate against the dollar. The US money demand and money supply are not going to be affected, and thus the interest rate in the US will remain the same.
Sites like Kickstarter and Indiegogo have popularized a type of start-up financing known as ______, in which entrepreneurs post a detailed explanation of their projects or businesses on the site and ask for financing.
Sites like Kickstarter and Indiegogo have popularized a type of start-up financing known as crowdfunding, in which entrepreneurs post a detailed explanation of their projects or businesses on the site and ask for financing from a large number of people, often in small amounts.
What is crowdfunding?The goal is to raise enough money to bring the project to fruition without having to rely on traditional forms of financing such as venture capital or bank loans. Crowdfunding can be used for a wide range of projects, from creative endeavors like art and music to technology startups and social enterprises.
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which of the following remedies for a breach of contract asks the court to keep the contract in force?
A court order that prevents someone from performing a certain act is known as an injunction. Thus, a court may issue an injunction to prevent a party to a contract from breaking a promise.
What is meant by breach of contract ?A legal claim and category of civil wrong known as "breach of contract" refers to when one or more of the parties to a contract refuse to perform their obligations or interfere with the performance of the other party in order to violate the terms of a legally binding agreement or exchange.
A party commits a breach when it disobeys one or more of its obligations under a contract, whether completely or partially.
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In which of the following situations can you say, without further information, that consumer surplus decreases relative to the market equilibrium level?
Instructions: You may select more than one answer. Click the box with a check mark for correct answers and click to empty the for the wrong answers.
a. Your state passes a law that pushes the interest rate (i.e., the price) for payday loans below the equilibrium rate.
b. The federal government enforces a law that raises the price of dairy goods above the equilibrium.
c. Your city passes a local property tax, under which buyers of new houses have to pay an additional 5 percent on top of the purchase price.
d. The government lowers the effective price of food purchases through a food-stamp program.
The best choice is b. When the gov't executes a law to boosts the cost of dairy products above the equilibrium, consumer surplus declines.
How is consumer surplus calculated and what does it mean?The economic measurement of a company's excess benefit is called consumer profit, also abbreviated as buyer's surplus. It is determined by examining the discrepancy between the equilibrium price—also known as the price at which consumers are willing to purchase a good—and the price they actually pay.
What exactly are producer surplus and consumer surplus?The difference that a buyer is willing to spend what and they actually spent for a product is referred to as the consumer surplus. The gap between the sale price and also the best deal a provider is willing to accept is known as the producer surplus.
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when people elect to spend more years in school, this results in a _______ externality because there are _______ associated with this decision
When people elect to spend more years in school, this results in a positive externality because there are costs associated with this decision
What is positive externality?Positive externality is a benefit that is enjoyed by a third-party as a result of an economic transaction. It occurs when the production or consumption of a good or service has a beneficial effect on an unrelated third-party. Examples of positive externalities include increased employment, improved public health, and a cleaner environment. Positive externalities can also have economic benefits, such as increased demand for the good or service, increased competition, and increased economic activity. In some cases, positive externalities can even lead to an increase in the overall welfare of society, as the benefits of the transaction exceed the costs.
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external analysis helps a firm understand which of its resources and capabilities are likely to be sources of competitive advantage
The resources and capabilities are likely to be sources of competitive advantage and Internal analysis.
What is Analysis?A thorough investigation of something complex in order to comprehend it or identify its key components: comprehensive research. Conducting a thorough analysis of the issue.
As in the Internal analysis helps a firm interpret which of its resourcefulnesses and capabilities are likely to be sources of competitive asset. As resources and capabilities are likely to be sources of competitive advantage.
Therefore, As a result, the internal analysis is there in the competitive advantage.
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the information security oversight office (isoo) released 32 cfr parts 2001 and 2003, which established
According to the law, the information security oversight office (isoo) released 32 CFR parts in 2001 and 2003, which established National Security Information as the Final Rule.
What is National Security Information?National Security Information is a term that is used to describe the information of national defense, or national security of a sovereign state, including its citizens, economy, and institutions, which is regarded as a duty of government.
The National Security Information is the policy document that guides all government agencies on the classification, downgrading, declassification, and safeguarding of classified national security information.
In the United States, the information security oversight office (isoo) released 32 CFR parts 2001 and 2003 Classified National Security Information; Final Rule.
Hence, in this case, it is concluded that National security information is vital for any country.
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According to the five-step model of the marketing process, which of the following is the final step in creating value for customers? * A) designing a customer-driven marketing strategy B) understanding the marketplace and customer needs C) constructing an integrated marketing program that delivers superior value D) capturing value from customers to create profit and customer equity
The final step in creating value for customers Capturing value from customers to create profit and customer equity.
What is customer equity?The total discounted lifetime values of an organization's customers are referred to as customer equity. In other words, client equity rises as customer loyalty increases. Customer equity is primarily influenced by three factors: relationship equity, brand equity, and value equity. The sum of the customer lifetime values of all the company's clients is known as customer equity. The average value of each customer is multiplied by the number of customers to arrive at the final number. For organizations and businesses, customer equity primarily serves as a marketing strategy. Customer equity enables businesses to determine the asset value of a client, which, among other advantages, enables them to make wise investment selections and adjustments to the levels of marketing investment.To learn more about customer equity refer to:
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Assume the local Pearle Vision has the following information on the number of sales orders received and order-processing costs.Month Sales Orders Order-Processing Costs1 ........................................ 3,000 $82,7002 ........................................ 1,500 50,3753 ........................................ 4,400 120,7004 ........................................ 2,800 81,9005 ........................................ 2,300 69,7756 ........................................ 1,200 43,1007 ........................................ 2,000 62,500Requireda. Use information from the high- and low-volume months to develop a cost-estimating equation formonthly order-processing costs.b. Plot the data on a scatter diagram. Using the information from representative high- and low-volumemonths, develop a cost-estimating equation for monthly production costs.c. What factors might have caused the difference in the equations developed for requirements (a) and (b)?* can i have the answer as a text not pictures
Cost-estimating equation for monthly processing costs is [ $14,000 + $24.25 × sales order]
What is cost-estimating equation?Each cost estimation method's goal is to estimate fixed and variable costs and describe these estimates in the form of Y = f + vX. Total mixed cost = Total fixed cost + (Unit variable cost × Number of units).
Highest Sales order is = 4400 and 120,700
Lowest Sales order is = 1200 and 43,100
The variable processing costs per sales order,
= (120,700 - 43,100) / (4,400 - 1,200)
= $24.25
Fixed costs= 43,100 - 1200 × 24.25
= $14,000
Cost-estimating equation for monthly processing costs =[ $14,000 + $24.25 * sales order
The scatter diagram is attached below.
The differences in equations developed for requirements a and b are due to variations in the figures/data between the highest and lowest figures.
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determine the number of seconds between january 21, 2020 (considered the start of the covid pandemic in the us) and december 31, 2021 (both at midnight). remember doing this in lab02 for seconds over a period of years. use two methods: a) multiplying 60 seconds * 60 minutes * 24 hours * ... this is difftimea b) using strptime and time.mktime() ... this is difftimeb
The number of seconds between January 21, 2020 (midnight) and December 31, 2021 (midnight) is 31536000 seconds, or difftimea.
What is midnight?Midnight is the exact middle of the night, typically between 11:59 PM and 12:01 AM. It is the transition point between one day and the next, when the date changes and the start of a new day begins.
Method A:
60 seconds * 60 minutes * 24 hours * 365 days * 1 year = 31536000 seconds
Therefore, the number of seconds between January 21, 2020 (midnight) and December 31, 2021 (midnight) is 31536000 seconds, or difftimea.
Method B:
Using strptime (string parse time) and time.mktime (make time), the number of seconds between these two dates can be calculated. The strptime function parses a given string, in this case the two dates, and returns a struct_time object, which contains the individual components of the date, such as year, month, day, etc.
The time.mktime function takes a struct_time object as an argument and returns the number of seconds since the epoch (January 1, 1970).
Therefore, the number of seconds between January 21, 2020 and December 31, 2021 can be calculated by subtracting the result of time.mktime for January 21, 2020 from the result of time.mktime for December 31, 2021, which is difftimeb.
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the dp-3 would exclude coverage for partial damage to the dwelling resulting from all of the following perils, except:
The dp-3 would exclude coverage for partial damage to the dwelling resulting from all of the following perils except for losses specifically excluded in the policy. Thus the correct option is D.
What is dp-3?A DP-3 insurance policy is that primarily protects residences that aren't your principal residence considered as type of dwelling fire insurance. It normally includes personal liability coverage, loss of use coverage, and structural insurance.
Other than damages expressly specified in the contract, this kind of insurance covers all damages to the covered property. To the exclusion of those indicated as restrictions, it can be said to protect against all loss sources.
Therefore, option D is appropriate.
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Teh complete question is probably
A) broad form perils only.
B) extended coverage perils.
C) open perils
D) for losses specifically excluded in the policy.
which of the following would result in peer ratings being a successful method of internal assessment in a firm?
There are several factors that can contribute to making peer ratings a successful method of internal assessment in a firm. Some of these factors include: Clear evaluation criteria, Trust and respect among employees, Consistent and fair rating process, etc.
What is Peer Rating?Peer rating is a form of internal evaluation in which coworkers rather than managers or supervisors judge employees. Using this approach, staff members are requested to submit feedback and ratings on the performance of their peers based on predetermined standards set by the company.
Peer rating can be used for a number of things, including gauging communication abilities, teamwork, and collaboration, as well as giving feedback on specific assignments or tasks. Employees are generally asked to rate their coworkers using a scale, such as a numerical rating or a Likert scale, depending on the predetermined standards.
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for this practice activity, you'll be using the brand resonance pyramid framework from the hbp reading: brands and brand equity (around p. 9 of the pdf version), which is also provided below. you'll be considering the brand yeti (check them out at https://www.yeti/ links to an external site.if you are not very familiar with them) as you match each step from the brand resonance pyramid with some aspect of yeti's marketing efforts.
The match is given below:
Salience: Yeti's marketing efforts emphasize the quality and durability of their products, making them stand out in the crowded market of outdoor gear and accessories. They also highlight the unique design features of their products, such as their patented Tundra® and Rambler® technology.
Performance and Imagery: Yeti's marketing campaigns showcase their products in action, demonstrating their performance and reliability in various outdoor settings. They also use imagery to associate their brand with ruggedness, adventure, and the outdoors.
What is the marketing about?The others are:
Judgments and Feelings: Yeti's marketing efforts aim to establish a strong emotional connection with their target audience by emphasizing the values of exploration, freedom, and self-reliance. They also cultivate a sense of exclusivity and community among their customers, which contributes to a positive brand image.
Lastly, Resonance: Yeti's marketing strategies aim to create a loyal customer base that is deeply connected to the brand. They achieve this through various tactics, such as providing exceptional customer service, offering a variety of products that meet different customer needs, and fostering a sense of shared identity among their customers.
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An inexperienced accountant for Prestwick Company prepared the following income statement for the month of August 2015: PRESTWICK COMPANY AUGUST 31, 2015 Revenues: Services provided to customers $ 14,000 Investment by stockholders 4,800 Loan from bank 14,000 $ 32,800 Expenses: Payments to long-term creditors $ 15,000 Expenses required to provide services to customers 8,900 Purchase of land 18,000 41,900 Net loss $ (9,100)
Based on the information prepare a statement of cash flows in a form consistent with generally accepted accounting principles. You may assume all transactions were in cash and that the beginning cash balance was $15,100. (List any deduction in cash and cash outflows as negative amounts.)
For the August period in 2015, a novice accountant of Data Corporate prepared the following statement of cash flows.
Describe cash flow with an example.The operating cash flow includes expenditures made as part of daily activities. These monetary outflows included, but are not limited too, compensation, the price of goods supplied, rent, and energy bills.
What are cash flow statements and what do they serve?A cash flow statement's goal is to give a thorough account of what occurred to a company's cash over a given time period, sometimes referred to as the accounting cycle. Based as to how much money is coming into and going out of the company, it shows how well a company can run both short- and long-term.
Statement of Cash Flow
Particulars Amount Total Amount
Services provided to customers 14,000.00
Expenses required to provide services to customers
(8,900.00)
Cash flow from operating activities 5,100.00
Cash flow from Investing activities
Purchase of land (18,000.00)
Cash flow from Investing activities (18,000.00)
Cash flow from Financing activities
Issue of Stock 4,800.00
Loan from bank 14,000.00
Payments to long-term creditors (15,000.00)
Cash flow from Financing activities 3,800.00
Opening cash and cash equivalents 15,100.00
Closing cash and cash equivalents 6,000.00
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the file taxdata contains information from federal tax returns filed in 2007 for all counties in the united states (3,142 counties in total). create a pivottable in excel to answer the questions below. the pivottable should have state abbreviation as row labels. the values in the pivottable should be the average of adjusted gross income for each state. (hint: after adding adjusted gross income in the values area, click on sum of adjusted gross income and then select value field settings... from the list of options. under summarize value field by, select average. click ok. this displays the average of adjusted gross income for each state.) click on the datafile logo to reference the data. (a) sort the pivottable data to display the states with the smallest average of adjusted gross income on the top and the largest on the bottom. which state or district had the smallest average of adjusted gross income? (hint: to sort data in a pivottable in excel, right-click any cell in the pivottable that contains the data you want to sort, and select sort.) - select your answer - what is the average adjusted gross income for federal tax returns filed in this state with the smallest average adjusted gross income? enter your answer in thousands of dollars, not in dollars, e.g., 1,000 should be entered as 1 thousand. $ thousand (b) reset the previous settings and, under summarize value field by, select sum. add the county name to the row labels in the pivottable. sort the county names by sum of adjusted gross income with the lowest values on the top and the highest values on the bottom. filter the row labels so that only the state of new york is displayed. which county had the smallest sum of adjusted gross income in the state of new york? - select your answer - which county had the largest sum of adjusted gross income in the state of new york? - select your answer - (c) click on sum of adjusted gross income in the values area of the pivottable in excel. click value field settings... click the tab for show values as. in the show values as box, choose % of parent row total. click ok. this displays the adjusted gross income reported by each county as a percentage of the total state adjusted gross income. which county has the highest percentage adjusted gross income in the state of new york? - select your answer - what is this percentage? if required, round your answer to two decimal places. % (d) remove the filter on the row labels to display data for all states. what percentage of total adjusted gross income in the united states was provided by the state of florida? if required, round your answer to two decimal places. %
A general guidance on how to create a pivot table in Excel and answer the questions based on the information provided.
How to create a pivot table in Excel(a) To create a pivot table in Excel with state abbreviation as row labels and the average adjusted gross income for each state as the value, follow these steps:
Open the taxdata file in Excel.Select the range of data that you want to include in the pivot table.Go to the "Insert" tab and click "PivotTable".In the "Create PivotTable" dialog box, make sure the range of data is correct and choose where to place the pivot table.In the "PivotTable Fields" pane, drag the "State Abbreviation" field to the "Rows" area and the "Adjusted Gross Income" field to the "Values" area.Click on "Sum of Adjusted Gross Income" in the "Values" area and select "Value Field Settings".In the "Value Field Settings" dialog box, choose "Average" under "Summarize value field by" and click "OK".To sort the pivot table by the smallest to largest average adjusted gross income, right-click on any cell in the "Average of Adjusted Gross Income" column and select "Sort" > "Smallest to Largest".
The state or district with the smallest average of adjusted gross income will be listed at the top of the pivot table. To find out the average adjusted gross income for this state or district, simply look at the "Average of Adjusted Gross Income" column. It is important to note that since we do not have access to the taxdata file, we cannot provide a specific answer to this question.
(b) To reset the previous settings and summarize the value field by "Sum", add the county name to the row labels, and sort the county names by sum of adjusted gross income with the lowest values on the top and the highest values on the bottom, follow these steps:
Click on any cell within the pivot table.In the "PivotTable Fields" pane, drag the "State Abbreviation" field from the "Rows" area to the "Columns" area.Drag the "County Name" field to the "Rows" area below the "State Abbreviation" field.Drag the "Adjusted Gross Income" field to the "Values" area and make sure it is set to "Sum".To sort the county names by sum of adjusted gross income, click on any cell in the "Sum of Adjusted Gross Income" column and select "Sort" > "Smallest to Largest".To filter the row labels so that only the state of New York is displayed, click on the filter drop-down arrow next to "State Abbreviation" and deselect all checkboxes except for "NY".
To find the county with the smallest sum of adjusted gross income in the state of New York, simply look at the top row of the pivot table under the "County Name" column.
Similarly, to find the county with the largest sum of adjusted gross income in the state of New York, simply look at the bottom row of the pivot table under the "County Name" column.
P.S: The datafile logo or the taxdata file is unavailable, so a general guidance on how to create a pivot table in Excel is given above,
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Actual rate of unemployment is 10%, natural rate of unemployment is 6%. Actual GDP is 1120 billion rub., Okun’s coefficient is 2,5. Calculate the potential GDP.
Wu Systems has the following balance sheet. How much net operating working capital does the firm have?
Cash $ 100
Accounts payable $ 200
Accounts receivable 650
Accruals 350
Inventory 550
Notes payable 350
Current assets $1,300
Current liabilities $ 900
Net fixed assets 1,000
Long-term debt 600
Common equity 300
Retained earnings 500
Total assets $2,300
Total liab. & equity $2,300
a. $750
b. $675
c. $825
d. $908
e. $998
Wu Systems has $750 in net operating working capital, with the given balance sheet. Hence option (a) is the answer.
What is net operating working capital?Current assets minus current non-interest-bearing obligations equal net operating working capital (NOWC), which is the difference. With the exception of marketable securities, current assets consist of cash, accounts receivable, and inventories.
The phrase "operating working capital" (OWC) refers to a company's current assets and measures the total amount of investment needed to support various operational cycles or day-to-day operations components. This operation includes the purchasing and selling of goods, the payment of suppliers, and the receipt of payments from customers. Net Operating Working Capital (NOWC) is calculated as the difference between current assets and current liabilities.
Net working capital = Current assets - Accounts Payable - Accruals. Net working capital =
Given
Current Assets = $1,300
Accruals = $350
Accounts payable = $200
NOWC = $1,300 - $200 - $350
= $750
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The time value of moneySuppose that manuel prefers current consumption to future consumption. thus, manuel is said to have time preference.Consider a country where life expectancy is 95 years. Two citizens, Van, 84 years old, and Amy, 29 years old, are relatively healthy for their ages.Assuming that Van and Amy maximize their life-time consumption, which of the following statements is most plausible, all else equal?1.) Van and Amy are indifferent between saving for the future and current consumption.2.) Van has a much higher time preference than Amy has.3.) Van and Amy have very similar time preferences.4.) Van has a much lower time preference than Amy has.
Van has a lesser time preference than Amy, according to the information available, since he has experienced a larger part of his life and is nearing the end of his life expectancy.
What is time preference?Temporal preference is a term used in economics and finance to describe people's propensity to favour current products and services over similar ones in the future. It illustrates the notion that, despite the fact that future consumption is predicted to increase in both quantity and quality, people value present consumption more than future consumption.
This idea plays a crucial role in influencing how people choose to borrow, spend, and save money. While those with lower time preferences are more likely to postpone satisfaction and save or invest for the future, those with higher time preferences typically favour current consumption over future consumption.
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LENGAGE |
1
MINDTAP
y It-Ch. 14 Assignment
2.
3.
O
Cindy Jo's Hair Salon is concerned about its rising costs of supplies, energy, and labor, so it is considering investing in better equipment, which
hopefully will reduce the time required to perform most hairstyles as well as result in better perceived quality by its customers. It predicts that
the added investment will increase output levels as well as reduce energy costs, since some of the new equipment (hair dryers) use less
electricity.
Inputs and Outputs
Hairstyles per week
Labor costs per week
Energy costs per week
Material costs week
Capital investment
Productivity
Current (this year)
Current (this year)
290
$950
$390
$360
50
Using the given information, determine the current and expected single-factor and total productivity measures. Do not round intermediate
calculations. Round your answers to three decimal places.
haircuts/dollar
haircuts/dollar
haircuts/dollar
haircuts/dollar
Q Search this course
>
Expected (next year)
360
$990
$335
$395
$13,000
Expected (next year)
haircuts/dollar
haircuts/dollar
haircuts/dollar
haircuts/dollar
Labor
Energy
Material
Total
What is the percentage change in total productivity? Do not round intermediate calculations. Round your answer to two decimal places.
Check My Work
The percentage change in total productivity 1. %increase = 13.3%
2. a. Increase = 11.5%
b. Increase = 37%
c. Increase = 10.8%
How to calculate Current and Expected year?
Productivity = total output/ total input
Productivity = weekly hairstyle/ (weekly labor cost + weekly energy cost + weekly material cost)
1. Current productivity:
Productivity = $0.15 per hairstyle
Expected productivity:
Productivity = 300/(1010+350+325)
Productivity = $0.17 per hairstyle
% increase = ($0.17/0.15) -1
%increase = 13.3%
2. a. labor productivity
productivity =total output/total input
current productivity = 250/960
current productivity = $0.26 per hair style
Expected productivity = 300/1010
Expected productivity = $0.29 per hair style
Increase = (0.29/0.26) -1
Increase = 11.5%
b. energy productivity
current productivity = 250/400
current productivity = $ 0.62 per hairstyle
expected productivity = 300/$350
Expected productivity = $0.85 per hairstyle
Increase =(0.85/0.62)-1
Increase = 37%
c. material productivity
current productivity = 250/300
current productivity = $0.83 per hair style
expected productivity = 300/$325
Expected productivity = $0.92 per hairstyle
Increase = (0.92/0.83)-1
Increase = 10.8%
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46. some economists have suggested incorporating a measurement of happiness into gpd. identify two specific measurements that could be used to capture happiness in gdp.
Gross domestic product (GDP) is the standard measure of the value added created through the production of goods and services in a country during a certain period.
What is the Gross domestic product (GDP)?Gross domestic product (GDP) is a monetary indicator of the total market value of all the final commodities and services that nations generate and sell over a given period. This measurement is frequently changed before it can be trusted as an indicator because of how complicated and subjective it is.
The standard measurement of the value added produced via the production of goods and services in a nation over a specific period is the gross domestic product (GDP). Consequently, it also accounts for the revenue generated by that manufacturing, or the total amount spent on finished goods and services (fewer imports).
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1. The following are the December transactions for Zion Company:
December 2 - Investment of $75,000 in cash into the business by stockholders.
December 4 - Paid $10,000 cash on a building that cost $90,000, the rest was borrowed (5 year pay back)
December 10 Purchased supplies on credit for $4,200
December 14 - Paid cash wages to employees who worked in December for the business for $950.
December 21 - Completed a job for $2,900 on credit.
December 30 Received a bill for $300 for utilities used during December that will be due in January.
December 31 Paid cash dividends of $100 to stockholders.
Which account’s affected
The accounts affected by the December transactions for Zion Company are:
1. Cash: This account is affected by the investment of $75,000 by stockholders, the payment of $10,000 on a building, the payment of $950 in wages to employees, and the payment of $100 in dividends to stockholders.
2. Building: This account is affected by the purchase of a building for $90,000, with $10,000 paid in cash and the rest borrowed.
3. Supplies: This account is affected by the purchase of supplies on credit for $4,200.
4. Wages Expense: This account is affected by the payment of $950 in wages to employees.
5. Accounts Receivable: This account is affected by the completion of a job for $2,900 on credit.
6. Utilities Expense: This account is affected by the receipt of a bill for $300 for utilities used during December.
7. Dividends: This account is affected by the payment of $100 in dividends to stockholders.
8. Notes Payable: This account is affected by the borrowing of $80,000 for the purchase of a building.
9. Accounts Payable: This account is affected by the purchase of supplies on credit for $4,200 and the receipt of a bill for $300 for utilities used during December.
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Indicate whether each of the following costs of a pencil manufacturer would be classified as direct materials (DM), direct labor (DL), or manufacturing overhead (MO).
a. Depreciation of pencil painting machinery.
b. Lead inserted into pencils.
c. Factory utilities.
d. Wages of assembly line workers.
e. Salary of supervisor.
f. Factory machinery maintenance.
g. Wood.
h. Eraser compound.
The Manufacturing overhead (MO) are a, c, e and f. The direct materials(DM) are b, g and h. The Direct labour (DL) is d.
What is manufacturing overhead?Manufacturing overhead is all indirect costs incurred during the production process. This overhead is applied to the units produced within a reporting period. Examples of costs that are included in the manufacturing overhead category are as follows: Depreciation on equipment used in the production process, Property taxes on the production facility, Rent on the factory building, Salaries of maintenance personnel, Salaries of manufacturing managers, Salaries of the materials management staff, Salaries of the quality control staff.
Supplies not directly associated with products, Utilities for the factory and Wages of building janitorial staff.
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Which of the following is the most important criterion (highest number of points) of the Malcolm Baldrige
National Quality Award?
A. Process management
B. Measurement, analysis, and knowledge management
C. Results
D. Customer focus
E. Leadership
The most important criterion for Malcolm Baldrige National Quality Award is results. Thus, the correct answer is option C.
What is Malcolm Baldrige National Quality Award?The Malcolm Baldrige National Quality Award honours outstanding performance in the business, health care, education, and nonprofit sectors in the United States. The Baldrige Award is the President of the United States' highest formal recognition of performance excellence in both public and private U.S. organisations.
The Baldrige Excellence Framework is divided into three sections: the Performance Excellence Criteria, core values and concepts, and scoring guidelines. The framework has two primary goals:
(1) to assist organizations in assessing their improvement efforts, diagnosing their overall performance management system, and identifying their strengths and opportunities for improvement, and
(2) to identify Baldrige Award recipients who will serve as role models for other organizations.
Therefore, results is the important criterion (highest number of points) of the Malcolm Baldrige National Quality Award.
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As the system administrator for a large financial institution, you have been assigned to upgrade the laptops for the sales representatives in your company.
You have installed a 2-TB SSD drive in each of the laptops for quick access and storage of large multimedia files. You have also upgraded the memory to 16 GB and made sure that all the device drivers are updated.
After delivering the upgraded laptops to the sales representatives, you begin to receive calls and emails saying that saving videos and other large files to the SSD drive is sluggish and sometimes impossible.
Which of the following is the BEST first-step solution for trying to resolve the issue?
a. Replace the SSD drive with a similar SSD drive from another manufacturer.
b. Use the Roll Back Driver option in Device Manager to use the original SSD driver version.
c. Replace the SSD drive with an identical SSD drive that you know works well.
d. Remove the SSD drives and upgrade the HDD drives to ones with a larger storage capacity.
The BEST first-step solution for trying to resolve the issue with the sluggish and sometimes impossible saving of videos and other large files to the SSD drive is to use the Roll Back Driver option in Device Manager to use the original SSD driver version (option b).
This is the best first step because it is possible that the updated device drivers are causing the issue with the SSD drive. By rolling back the drivers to the original version, you can determine if the updated drivers are the cause of the problem. If the problem persists after rolling back the drivers, then you can consider other options such as replacing the SSD drive with a similar one from another manufacturer (option a), replacing the SSD drive with an identical one that you know works well (option c), or removing the SSD drives and upgrading the HDD drives to ones with a larger storage capacity (option d).
However, it is always best to start with the simplest and least invasive solution first, which in this case is rolling back the drivers. This will help you narrow down the cause of the problem and potentially save time and resources.
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